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Here’s What It Would Take for Shark Tank Investor Kevin O’Leary Says To Put More Capital Into Bitcoin and Crypto

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Shark Tank star and millionaire investor Kevin O’Leary says he could significantly expand the size of his Bitcoin and crypto portfolio.

In an interview with Bitcoin bull Anthony Pompliano, O’Leary says that regulators across the globe are starting to warm up to cryptocurrencies and that’s giving him a reason to put more capital into the emerging asset class.

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“Recently, after the regulators in Switzerland, France, Germany, Australia, England, Japan [and] Canada all started to change their stance on crypto, it allowed me to start to allocate to it in a compliant way. And that’s really what got me going. Obviously, this is an asset class that’s here to stay. It’s still going through a very nascent phase. I’ll be putting a lot more into it as time changes.”

The Shark Tank veteran says that he’s looking to expand his crypto portfolio beyond Bitcoin and Ethereum.

“I’ve disclosed that by the end of the year I’ll probably be at 7%. That’s the target. Because I’ve gone beyond Ethereum and Bitcoin. I have a pretty big position in USDC (USD Coin) right now. I’m moving into some other assets that I’m negotiating right now.”

According to O’Leary, he’s open to increasing his allocation to crypto-assets to 20% if the portfolio meets his investment targets.

“Performance – I mean that’s [it] basically. I’m not a cowboy here. I’m actually allocating capital towards achieving a distributable return of between 6% and 8% a year. We have a lot of volatility in Bitcoin. Right now, we’re 61% back from the lows and that’s great.” 

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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.

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Source: https://dailyhodl.com/2021/09/14/heres-what-it-would-take-for-shark-tank-investor-kevin-oleary-says-to-put-more-capital-into-bitcoin-and-crypto/

Blockchain

Steam Bans Blockchain Games with NFT or cryptocurrencies, Epic Games Welcomes Them

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By Shiela Bertillo

Valve, a video game developer and PC game store, bans all blockchain games that feature non fungible token (NFT) or cryptocurrencies on its video game digital distribution service, Steam. 

The news came from the recently updated Steam distribution onboarding guidelines which specifically states to ban any “applications built on blockchain technology that issue or allow exchange of cryptocurrencies or NFTs.”

Although, Valve nor Steam gave reasons for banning NFTs and cryptocurrencies from the distribution service, the gaming community are given an insight through a series of tweets from SpacePirate, developer of blockchain game Age of Rust, which was priorly distributed by Steam. 

According to SpacePirate, “Steam’s point of view is that items have value and they don’t allow items that can have real-world value on their platform.”

“While I’m disappointed for Age of Rust being removed, the point is more to the fact that blockchain games as a whole are going to be removed. This is a setback for all,” it added.

On the other hand, Steam’s rival Epic Games and its CEO Tim Sweeney stated that they are open to letting games that use blockchain technology and NFTs onto its PC store. In a tweet, the CEO stated that they welcome games that use blockchain technology “provided they follow the relevant laws, disclose their terms, and are age-rated by an appropriate group” and although Epic doesn’t use crypto in their games the firm welcomes “innovation in the areas of technology and finance.”

This article is published on BitPinas: Steam Bans Blockchain Games with NFT or cryptocurrencies, Epic Games Welcomes Them

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Source: https://bitpinas.com/play-to-earn/steam-epic-games-nft/

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Blockchain

Ripple Holds above $1.07 Support As Bulls and Bears Decide the Next Move

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Oct 22, 2021 at 09:08 // News

Ripple is capable of further upside movement

Ripple (XRP) has been fluctuating above the $1.07 support level for over a week now. It is also above the 50-day moving average line. Today, XRP is trading at $1.10 and continues its uptrend.

Over the past week, price action has been choppy as the cryptocurrency has fluctuated between $1.07 and $1.20. XRP/USD is capable of further upside movement as it fluctuates above the moving averages.

There is a tendency for prices to rise to retest the $1.20 resistance level. A break above the $1.20 resistance will propel XRP to a rise to $1.40. In the previous price action, Ripple was met with resistance as it fell above the moving averages and began a sideways move. Today, the cryptocurrency continues to hold above the moving averages as the altcoin attempts to climb back up. However, if the bears break below the moving averages, it would signal the resumption of the downtrend. Moreover, this would nullify the bullish scenario.

Ripple indicator analysis

The Relative Strength Index for period 14 is still at the 51 level, indicating that there is a balance between supply and demand. The 21-day line SMA and the 50-day line SMA act as support for the cryptocurrency. The altcoin will fall if the current support is broken. The market is below the 40% area of the daily stochastic, but the bands are sloping upwards, indicating an uptrend.

XRPUSD(Daily_Chart)_-_OCT._22.png

Technical indicators:

Major Resistance Levels – $1.95 and $2.0

Major Support Levels – $0.80 and $0.60

What is the next move for Ripple?

On the 4-hour chart, XRP/USD is in a sideways movement. The uptrend has been capped below the $1.20 resistance level. The cryptocurrency is also finding support above $1.07 as it continues its sideways trend. Meanwhile, the October 10 uptrend has a candlestick testing the 61.8% Fibonacci retracement level. The retracement suggests that the XRP price will rise to the Fibonacci extension level of 1.618 or $1.43.  

XRPUSD(Daily_Chart_2)_-_OCT._22.png

Disclaimer. This analysis and forecast are the personal opinions of the author are not a recommendation to buy or sell cryptocurrency and should not be viewed as an endorsement by CoinIdol. Readers should do their own research before investing.

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Source: https://coinidol.com/ripple-holds-1-07-support/

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Blockchain

Top Crypto Trader Says Ethereum Rival Solana Will Outshine Both Bitcoin and ETH – Here’s His Target

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A leading crypto trader and analyst says an Ethereum (ETH) competitor appears ready to surge by more than four times its current levels.

The trader pseudonymously named Smart Contracter tells his 174,900 Twitter followers that Solana (SOL) will outshine both ETH and Bitcoin (BTC).

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His target price is now $900 – an appreciation of more than 360% from SOL’s current value.

The trader, who primarily relies on Elliot Wave theory, says Solana is bullish when paired against Ethereum, which is itself bullish when paired against Bitcoin.

Elliot Wave theory is a method of identifying where assets are heading using crowd psychology, which tends to manifest itself on charts in a series of waves.

“Monthly reminder $900 Solana (SOL) is not a joke, it’s gonna happen…

ETH/BTC looks bullish, SOL/BTC looks bullish, but SOL/ETH also looks bullish, so naturally SOL is my largest bag and I believe it outperforms BTC and ETH.”

Source: Smart Contracter/Twitter

According to CoinGecko, Solana is trading at $192 at the time of writing, down about 10% from its September all-time high.

Smart Contracter says he believes Solana’s recent resurgence is in its early days after the altcoin rose above two key levels of resistance.

“Got SOL low key breaking downtrends of two different degrees, this bad boy runs hard when it gets going and it’s only just getting started here.”

Source: Smart Contracter/Twitter

The top crypto trader says that last month Solana began displaying similar chart behavior to Binance Coin (BNB), which surged by over 1,600% to a record high between January and May this year.

He says that if Solana replicates BNB’s pattern, a price of $900 is in the cards.

“Same vibes, same narrative…

If SOL follows the run BNB had it can go to $900.”

Source: Smart Contracter/Twitter

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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.

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Source: https://dailyhodl.com/2021/10/22/top-crypto-trader-says-ethereum-rival-solana-will-outshine-both-bitcoin-and-eth-heres-his-target/

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