Is $518 the Fair Price of Bitcoin?
Ask your average bitcoin enthusiast, and he or she will be quick to list the reasons why the price of bitcoin, even at $260, is undervalued, or at least, not properly reflective of its long-term value. Now, however, those with a more bullish outlook have a new tool that can help them uncover bitcoin's 'intrinsic value'. Recently launched by ALFAcoins, the ALFAquotes Fair Bitcoin Price indicator aims to illuminate what it considers the true value of bitcoin by factoring for the cost of bitcoin mining, or the production of the commodity itself. At press time, ALFAquotes contends, while most....
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Bloomberg cryptocurrency analyst Mike McGlone says bitcoin is greatly undervalued, suggesting that its fair value price should currently be somewhere around $15,000. The price of bitcoin (BTC) has see-sawed between $10,000 and $12,400 over the last few weeks, often tumbling sharply following what one pundit described as “fake” breakouts. The latest rout saw BTC crash more than 8% within days from over $11,000 to $10,100. At Press time, each bitcoin is trading for $10,695, up nearly 2% in the last 24 hours. McGlone, a senior commodity strategist at Bloomberg, based his arguments....
Beyond DeFi, NFTs, and Bitcoin’s recent breakout, everyone has been talking about “Fair Launch” lately. But what exactly is it and what are its implications for cryptocurrency projects? A fair launch offers participants the opportunity to acquire a token usually over a long period of time at a relatively equal price. A stated goal of […]
The Bitcoin price chart is now flashing a head and shoulders pattern with quite a clear plan for what could be coming next. Mix in the fact that there is an unfilled Fair Value Gap (FVG) available for the time being, with a high probability of being filled. This makes for a good idea for how the Bitcoin price could play out in the new week. However, there is also the possibility of a crash with resistance mounting that could cause trouble for the cryptocurrency. Filling The Fair Value Gap At $114,000 Crypto analyst Xanrox revealed that the first Bitcoin Fair Value Gap (FVG) opened up right....
Hester Street Fair located in the heart of the Lower East Side is the largest pushcart market in New York City. Now in its fifth season, the market is dotted with 60 to 90 small businesses selling anything from artisanal food to vintage clothing to handmade arts and crafts. Next weekend, like every other Sunday, the market will be up and buzzing, but with a twist in the tale. The entrance of Hester Street Fair in New York. Starting 15th June, more than 30 vendors at the Hester Street Fair will be trading their artisan goods for bitcoin every Sunday until the end of October. Over its....
This year, the Moniker Art Fair returns to east London's iconic Old Truman Brewery for its sixth year, having firmly established itself as London's premiere event for contemporary art rooted in urban culture. This year's edition, Moniker Art Fair has teamed up with global art, music and technology collective Fork The Banks, in an exciting venture to become the world's first international art fair to accept Bitcoin payments. Specialising in urban culture and its related genres, Moniker Art Fair will showcase approximately 20 national and international contemporary art galleries. Frankie....