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ADA and MATIC Eyeing Price Rally This June: Lark Davis

ADA MATIC Lark Davis

Rate this post Popular analyst and crypto trader Lark Davis shares in his latest YouTube upload that Theta Network (THETA), Vega Protocol (VEGA), and Formation Fi (FORM) are expected to do well this month with special mention for Cardano (ADA) and Polygon (MATIC). ADA is a ‘Massive Beast of Cryptocurrency’ says Lark Davis On June 1, crypto analyst Lark Davis released a YouTube video explaining his top five altcoins of the month. Among the top altcoins mentioned in his video were Theta Network (THETA), Vega Protocol (VEGA), Formation Fi (FORM), Cardano (ADA), and Polygon (MATIC). The analyst gave special mention to Cardano (ADA) calling it a ‘massive beast of cryptocurrency’. With ADA set to benefit from the upcoming Alonzo hard fork that will allow smart contracts to be deployed on the Cardano platform, Davis is optimistic that the cryptocurrency is set for a price surge this month. “The introduction of smart contracts onto Cardano that’s going to be a big catalyst for this blockchain. I think in the run-up to the launch of those smart contracts, we are going to see the price continuing to rally as people get more and more excited about the launch of really Cardano’s full ecosystem finally coming into play” says Davis. In fact, the latest report from CoinShares shows that institutional investors bought $10 million worth of ADA products around May 21st even as BTC funds saw outflows above $110 million and ETH saw outflows above $12 million. MATIC Could Surge to $10 Similarly, Lark Davis is also expecting Polygon (MATIC) to outperform those of major cryptocurrencies this month with the altcoin already seeing its price rising to over 9,000% this year. According to a MATIC network explorer, the network currently processes over 5.89 million transactions per day and has processed a total of 122 million transactions with over one million wallets on it. “Polygon has just been roaring absolutely roaring over the last few months… right now, you’re looking at a situation where we could still see it get up like $10 per MATIC token, which is obviously great gains potential, but not as awesome as buying at four cents,” he adds.

The post ADA and MATIC Eyeing Price Rally This June: Lark Davis appeared first on Cryptoknowmics-Crypto News and Media Platform.

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Popular analyst and crypto trader Lark Davis shares in his latest YouTube upload that Theta Network (THETA), Vega Protocol (VEGA), and Formation Fi (FORM) are expected to do well this month with special mention for Cardano (ADA) and Polygon (MATIC).

ADA is a ‘Massive Beast of Cryptocurrency’ says Lark Davis

On June 1, crypto analyst Lark Davis released a YouTube video explaining his top five altcoins of the month.

Among the top altcoins mentioned in his video were Theta Network (THETA), Vega Protocol (VEGA), Formation Fi (FORM), Cardano (ADA), and Polygon (MATIC).

The analyst gave special mention to Cardano (ADA) calling it a ‘massive beast of cryptocurrency’.

With ADA set to benefit from the upcoming Alonzo hard fork that will allow smart contracts to be deployed on the Cardano platform, Davis is optimistic that the cryptocurrency is set for a price surge this month.

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The introduction of smart contracts onto Cardano that’s going to be a big catalyst for this blockchain. I think in the run-up to the launch of those smart contracts, we are going to see the price continuing to rally as people get more and more excited about the launch of really Cardano’s full ecosystem finally coming into play” says Davis.

In fact, the latest report from CoinShares shows that institutional investors bought $10 million worth of ADA products around May 21st even as BTC funds saw outflows above $110 million and ETH saw outflows above $12 million.

MATIC Could Surge to $10

Similarly, Lark Davis is also expecting Polygon (MATIC) to outperform those of major cryptocurrencies this month with the altcoin already seeing its price rising to over 9,000% this year.

READ  Cardano ADA Prices Hits ATH, Founder To Grab Attention Of Mark Cuban

According to a MATIC network explorer, the network currently processes over 5.89 million transactions per day and has processed a total of 122 million transactions with over one million wallets on it.

Polygon has just been roaring absolutely roaring over the last few months… right now, you’re looking at a situation where we could still see it get up like $10 per MATIC token, which is obviously great gains potential, but not as awesome as buying at four cents,” he adds.

#ADA #Cardano #Lark Davis #MATIC #Polygon

Source: https://www.cryptoknowmics.com/news/ada-and-matic-eyeing-price-rally-this-june-analyst/

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Crypto Trader’s $20 Investment Explodes to $1,184,154,683,482 on Coinbase – But He’s Not Cashing Out

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After investing $20 in the crypto markets, one crypto trader just woke up to a one-trillion dollar fortune in his Coinbase account.

Chris Williamson, a nurse from Georgia, says he invested $20 in Rocket Bunny (BUNNY) cryptocurrency on Coinbase last week. After the trade, his portfolio balance soon skyrocketed to a staggering $1,184,154,683,482.

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On paper, this made Williamson the richest man in the world.

‘I woke up, it’s like 9:00 a.m. and I always check my phone to check how my crypto to see how it’s doing and I’m just like, ‘Naw, I’m sleeping.

I look at it again and I’m like… at that point I fall out of my bed, literally.”

Despite the big balance, Williamson says he was unable to cash out or send the crypto to a private wallet. He contacted both Coinbase and Rocket Bunny. A representative from Coinbase told him they were looking into the problem, while Rocket Bunny did not immediately respond.

Coinbase later confirmed the trader’s massive balance was a glitch, and would be corrected. 

This isn’t the first time the crypto exchange giant had a glitch in its system. Back in April 2020, crypto analyst Captain Scio pointed out a massive blunder on the Coinbase Pro app, showing that someone had purchased 42,085 BTC, worth $306 million at the time, for just 18 cents. 

Williamson is keeping a positive attitude on the situation.

“The ongoing joke right now between me and my friends in Coinbase and one of the emails I sent them was like: ‘Look, I need y’all to let me know what’s going on because I got a mega-yacht company ready to build me a penguin-shaped yacht.

‘So, you know, let me know.’”

BUNNY is a utility token on Binance Smart Chain. It’s used to power the broader Rocket Bunny ecosystem of dApps (decentralized applications), which includes Rocket Drop (launchpad), Rocket Swap (DEX) and Rocket Labs (testing ground).

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/GrandeDuc

Source: https://dailyhodl.com/2021/06/22/crypto-traders-20-investment-explodes-to-1184154683482-on-coinbase-but-hes-not-cashing-out/

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PayPal and Visa Lead $300M Funding for Blockchain Capital

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Blockchain Capital remains a major tech backer in the DLT space with investments in numerous crypto and DLT projects.

Fund V with $300M Funding

According to a press release published on Monday (June 22, 2021), Blockchain Capital has closed funding for its Fund V LP. The capital raise reportedly drew participation from several high-profile backers including global payment giants Visa and PayPal.

Capped at $300 million, Blockchain Capital’s latest fund was oversubscribed likely pointing to the continued appetite for DLT-related funding despite the current crypto market downturn. Apart from Visa and PayPal, university endowments, hedge funds, family offices, and pension funds also participated in the capital raise.

Bart Stephens, co-founder and managing partner at Blockchain Capital commented on the closure of the fifth VC fund, stating:

“We are incredibly honored to welcome a world class group of investors into Fund V who appreciate the value of a firm dedicated to a single industry. As founders ourselves, we know how hard it is to build companies, protocols and, indeed, a whole new industry.”

Spokespersons for both Visa and PayPal stated that their support for Blockchain Capital was part of efforts to boost innovation in digital finance. According to Jose Fernandez da Ponte, vice president and general manager of blockchain, crypto and digital currencies at PayPal:


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“Investing in Blockchain Capital’s new fund allows us to engage with the entrepreneurs driving the future of the decentralized economy and the new wave of financial services.”

Serial Blockchain Backer

Blockchain Capital is a serial investor in the crypto and DLT space. The company’s portfolio of projects cuts across several facets of the emerging industry including United States-based exchange giants like Coinbase and Kraken.

Blockchain Capital’s investment portfolio also extends to the decentralized finance market arena, backing projects like Aave, UMA, and Nexus Mutual.

Since securing about $2 million in funding from Blockchain Capital and other investors back in May 2018, OpenSea has been able to attract additional investments, including a $23 million injection as reported by CryptoPotato back in March.

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Source: https://cryptopotato.com/paypal-and-visa-lead-300m-funding-for-blockchain-capital/

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Binance Coin’s recovery hinged on this

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Weekly losses piled up at 30% for Binance Coin on the back of high selling pressure persistent across the global cryptocurrency market. During this period, prices steadily declined from the upper ceiling of $380 to its press time level of $264. With bears in control for the moment, BNB would most likely register more losses over the coming hours. However, this could set the stage for the re-emergence of buyers back into the mix.

Binance Coin 4-hour chart

Source: BNB/USD, TradingView

Binance Coin’s woes were elevated once bulls failed to defend $325 support from bearish pressure. A further 20% was noted from this defensive line as BNB seemed to shift towards the $260-mark. Prices were now below their 4-hour 50, 100, and 200 Simple moving average lines. An argument can be made that BNB’s short-term movement and hopes of a brief recovery now hinged on $260 support moving forward.

Reasoning

Visible Range’s point of control lay around $260. This meant that BNB saw peak interest by traders at this price level in the given timeframe- a reading that strengthened the area’s defense. Moreover, Relative Strength Index traded in the oversold region from where a reversal can be expected. According to the price-sensitive Stochastic RSI, some bullish resurgence had already seeped in as the index moved north after a bullish crossover. Successfully defending $260 from bears could even result in a minor jump back towards the $325-mark.

However, traders must be wary of an extended sell-off as well. Bearish momentum was building up on the Awesome Oscillator which showed no signs of a reversal just yet. A bearish outcome would likely drag BNB back towards its demand zone of $210-236

Conclusion 

Selling pressure was dominant in the BNB market but there was a glimmer of hope at its press time price of $260. A bounce back in this region could provide a short-term push back towards $325. However, the chances of a further drawdown cannot be overlooked as well. A breakdown could see BNB trade within its demand zone of $210-236 over the coming days.


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Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://ambcrypto.com/binance-coins-recovery-hinged-on-this

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