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Two cryptocurrencies from the old school that may surprise investors in 2022

The cryptocurrency market is always full of surprises. In 2021, Shiba inu emerged out of nowhere to become one of the most successful cryptocurrencies. Its 48,000,000% rally created lots of millionaires out of small investors. The cryptocurrency appears to be at the end a multi-month bearish market. It is a great time to start looking…

The cryptocurrency market is always full of surprises. In 2021, Shiba inu emerged out of nowhere to become one of the most successful cryptocurrencies. Its 48,000,000% rally created lots of millionaires out of small investors. The cryptocurrency appears to be at the end a multi-month bearish market. It is a great time to start looking for cryptocurrencies with the potential to rise unexpectedly and offer investors a high return on investment. These are the three cryptocurrencies we found that could surprise investors in the next cryptocurrency bull market.

Ethereum Classic (ETC)

Ethereum classic (ETC )) has been around for some time. For years, Ethereum Classic has outperformed Ethereum. This is because Ethereum Classic has been underperforming Ethereum for years after the 2016 Fork. The momentum shifted to Ethereum and ETC was relegated to an outlier chain.

But, recent changes to the Ethereum blockchain have created conditions that could allow Ethereum Classic to regain its life. The upcoming Ethereum merger is one of these conditions.

The Ethereum blockchain will operate purely as a Proof of-Stake network after the merger. Ethereum Classic is likely to be the first choice for miners who have Ethereum ASIC miner. It is compatible with all other currencies.

Ethereum Classic was one of the most popular cryptocurrencies in July as Ethereum miners switch to it. ETC will grow in security as more miners support it, which could lead to adoption. This could make ETC a top crypto with high odds of outperforming other cryptos in the next bull market.

NEO (NEO)

Neo (NEO ) is another older-school cryptocurrency that has underperformed during the cryptocurrency bull run. It has been overtaken in recent cryptocurrency bull runs by more promising cryptocurrencies. There is still a chance that NEO will be successful in the future. The NEO team has reimagined NEO to make it more attractive for Web 3.0 projects. NEO could be a great surprise for investors, as Web 3.0 is the next major step in the evolution blockchain technology.

Besides all this, NEO is one the most user-friendly blockchains to create smart contracts. This feature could be attractive to many businesses that want to create smart contracts without having to hire coding professionals. This is one of the reasons NEO could surprise you, especially since it is attracting attention again.

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Bitcoin

Former Coinbase Business Developer: ‘There Wasn’t a Long-Term Case for Bitcoin Payments’

Nick Tomaino, a former business developer and marketing lead at Coinbase, explained how the idea of bitcoin for payments gradually lost its relevance in the market. Tomaino detailed that Coinbase rode this premise back in 2014 to raise $125 million in two funding rounds, but it was quickly clear that there was not a case [……
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Bitcoin

Japanese Corporation Metaplanet Acquires More Bitcoin, Stock Price Soars

Metaplanet, a publicly traded corporation on the Tokyo Stock Exchange, has announced an investment of 23.351 bitcoins, with an average purchase price of 10,706,180 yen per BTC, totaling 250 million yen ($1.6 million). The company now holds 141.0727 bitcoins, with an average purchase price of 10,278,391 yen per BTC…
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Bitcoin

BTC slips amid poor debut for Hong Kong spot ETFs

Bitcoin fell to under $62,000 after spiking past $64,700 earlier as Hong Kong spot Bitcoin and Ethereum ETFs began trading. Data showed trading volumes hit just over $11 million, against expectations of over $3oo million. Bitcoin price fell below $62,000 again amid market reaction to less than encouraging numbers from the first day of trading…


  • Bitcoin fell to under $62,000 after spiking past $64,700 earlier as Hong Kong spot Bitcoin and Ethereum ETFs began trading.
  • Data showed trading volumes hit just over $11 million, against expectations of over $3oo million.

Bitcoin price fell below $62,000 again amid market reaction to less than encouraging numbers from the first day of trading for much hyped spot Bitcoin and Ethereum ETFs in Hong Kong.

BTC was down about 1.4% at the time of writing, having touched lows of $61,587 across major crypto exchanges.

The benchmark cryptocurrency, which has struggled to reclaim key levels since its recent halving event, was seeing a 24-hour trading volume of $28.4 billion.

Bitcoin price and Hong Kong spot ETFs debut

Earlier, Bitcoin price surged to above $64,000 as the six spot Bitcoin and spot Ethereum ETFs went live in Hong Kong.

The flagship cryptocurrency rose to over $64,727 on US-based crypto exchange Coinbase. BTC also soared after reports Hong Kong approved the listing of the ETFs.

NEW: 🇭🇰 Opening ceremony of Hong Kong spot #Bitcoin ETFs 👏 pic.twitter.com/ux1eb5PqRn

— Bitcoin Magazine (@BitcoinMagazine) April 30, 2024

However, as data streamed in showing disappointing trading volumes and inflows, Bitcoin price took a hit. According to details of the six ETFs’s debut day, total trading volume reached just $11 million, not impressive given projections were much higher at over $300 million.

Bitcoin ETFs saw about $8.5 million while Ethereum ETFs recorded just $2.5 million on the first day. Ethereum price fell to $3,040.

Notably, the figures from Hong Kong are way lower compared to those recorded amid the enthusiasm that greeted the launch of spot Bitcoin ETFs in the US in January. On their debut, the US spot BTC ETFs raked in over $4.6 billion in trading volume.

The start to trading for the ETFs has not helped BTC price and BTC could face a slide under the $60k level if sentiment flips negative. On the upside, resistance at $65k remains critical and a breakout could see the bellwether digital asset soar towards its recent peak.


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