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Bullish November? Here Are Some of the Top Cryptos To Stake This Q4

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Bullish November? Here Are Some of the Top Cryptos To Stake This Q4
Bullish November? Here Are Some of the Top Cryptos To Stake This Q4
  • Crypto banter says November is the month for (DOT).
  • Kusama (KSM) and Render (RNDR) make the list of cryptos on a breakout.
  • Similarly, Algorand (ALGO) Fantom (FTM) and Enjin (ENJ) will see new waves.

The crypto industry is one that every crypto enthusiast has to keep up with at all times. In this technological digital asset space, no one is entirely informed. Therefore, information and acquiring more knowledge about this ever evolving sphere is inevitable.

In fact, even crypto experts also seek to research and get better facts about the market in order to make the right choices and stay enlightened. The volatility of the crypto market makes it almost impossible to determine the specific direction of the market. Although, everyone is currently enjoying the bullish market.

In light of this, according to the popular crypto interactive space on Youtube, Crypto Banter, history is repeating just like in 2017. Further, they stipulated that will have another big break just like it did four years ago. This time, they are looking for between $70 to $80 per BTC. The dominance is looking great but he feels the dominance percentage will reduce to 45-50% and will get to 60%.

Additionally, the belief that NFTs are just starting. Now, they can identify the true value of NFT and not just celebrating ‘all the junks’ that came out. Similarly, the purport that all NFTs will be stored in Arweave (AR) in the future because there are no protocols at the moment that does what AR does.

On altcoins, (ETH) and Polkadot (DOT) recorded new highs, thereby championing the movement of altcoin dominance in the crypto space. For them, they are seeing DOT hitting $150-$250 this Q4. More so, with the Polkadot parachain launch in two days, they think this November is the Polkadot month as well as Kusama (KSM).

Specifically, Kusama (KSM) is known as a canary-net. Clearly, it is an experimental version of Polkadot. Chart-wise, Crypto Banter says they are looking at a great explosion on KSM and they are very bullish on it.

Moving forward is Render (RNDR) for them. They observed that Render is looking fantastic and may possibly have a breakout soon. They are seeing Render run up to $4 to $5 per RNDR. Algorand (ALGO) will surge to $10 in Q4, and Serum (SRM) to $30.

Port Finance (PORT) is another crypto recommended by Crypto Banter. However, they advised that it is a high risk investment. Lastly, Fantom (FTM) and Enjin (ENJ) are other good investments for people looking to make some fiat currency this Q4.

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Cryptocurrency

The Balance: Bitcoin bearish trend hasn’t stopped Americans from investing more in cryptocurrencies

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bitcoin bearish trend

Analytical resource The Balance posted a report stating that 39% of U.S. investors have become more invested in cryptocurrencies, despite the bitcoin bearish trend. 

According to the report’s author, these Americans are looking for new investment avenues to preserve their savings amid economic uncertainty.

Meanwhile, 41% of survey participants said they invested more in stocks, and about a third of them invested more in exchange-traded funds and exchange-traded index funds amid market uncertainty. Thirty-four percent of investors reported no change in their investment habits.

Slightly more than a quarter of investors surveyed admitted to investing less in assets. Nearly 20% of those surveyed admitted to investing less in cryptocurrencies this year. The report’s author argues that investing in cryptocurrency in times of uncertainty is more popular among young people.

Nearly half of millennials and Generation Z investors (age 41 and younger) said they prefer cryptocurrency – as opposed to just under a third of Generation X investors and older. The online survey was conducted from June 30 to July 9, 2022, and surveyed 1,200 Americans over the age of 18 who at least partially manage their finances.

However, according to Bank Of America, the number of active cryptocurrency users is down more than 50 percent from its peak last November.

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Cryptocurrency

Cumberland: institutional investors give bitcoin growth predictions as high as $32,000 as early as 2022

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bitcoin growth prediction

US market maker Cumberland conducted a survey of institutional investors and found that most respondents were making bitcoin growth predictions as early as this year.

It is worth emphasizing that most of those surveyed are convinced that the crypto market will continue its decline in the near future. Analysts stress that the value of the main coin in the world of cryptocurrencies can fall to 16000 dollars. After that, Bitcoin should quickly recover the lost positions. At the end of the year, the value of BTC could reach $32,000. Cumberland experts point out that investors remain bullish. 

“Even with the current bearish trend, these results are not surprising. After all, those surveyed are trading cryptocurrencies, which means they believe in bitcoin. If they didn’t have this attitude toward BTC, they would continue to trade forex,” Cumberland analysts said.

Respondents do not expect any success in the stock market, despite the significant correlation between the stock and markets in recent months. According to institutional investors, the crypto market, at least in the near term, will depend significantly on the U.S. Federal Reserve’s decisions on prime rates and “other Fed moves.”

Cumberland analysts have previously said that the recovery of the market will be determined by the rate at which assets move from insolvent to solvent companies.





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Cryptocurrency

Is dogecoin a good investment? Elon Musk: Dogecoin is much faster than the Bitcoin network

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is dogecoin a good investment

Is dogecoin a good investment? The CEO of Tesla again spoke out in support of Dogecoin. He stressed that the “meme cryptocurrency” network can process significantly more transactions than the Bitcoin network.

During a conversation with a podcast host, the head of Tesla and SpaceX said that the popularization of DOGE is paying off. The coin is increasingly being used as a full-fledged means of payment. As you know, coins can be used to buy goods and pay for various services of several large companies. The most important advantage is the high speed of transactions. Usually it takes no more than a minute to process a transaction online.

“To be honest, I mostly support DOGE because this cryptocurrency has memes, dogs, the developers have a sense of humor, they don’t take the project too seriously. And with all that being said, it’s strange that though DOGE was invented just as a joke, the actual throughput of the Dogecoin network is much higher than Bitcoin blockchain,” said Tesla’s CEO.

Ilon Musk also reminded that Dogecoin’s inflation model allows it to issue 5 billion coins annually, while Bitcoin’s number is limited to 21 million. And this makes DOGE much more suitable for use as a payment currency.

Recall that Tesla sold most of its bitcoin holdings amid falling cryptocurrency markets.



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