Bitcoin Acting Like An ICO—What This Could Mean
According to macro analyst Jordi Visser, dormant bitcoin is moving again and new buyers are stepping in. Visser spoke on Anthony Pompliano’s podcast and wrote about the trend on Substack, saying old holders are slowly selling while fresh investors pick up coins on dips. He compared what’s happening to an IPO (initial public offering), where early backers cash out and ownership spreads to a wider group. Related Reading: Dogecoin Enters The Big Leagues — Stadium And Jerseys Get A Crypto Makeover Price Action Has Been Flat And Frustrating Bitcoin traded between $109,000+ and $110,500+ over....
Related News
PRESS RELEASE. Launchpads have gained immense popularity among crypto-enthusiasts in the DeFi space. They give crypto strategists access to early rounds of IDO’s and ICO’s, enabling people to invest in the promising projects and help them see the world. The community members receive lucrative returns, while the funded projects get vital funds for finalizing their architecture and launching into the crypto space.
Due to the profitability of early seed round investments and private IDO sales, the launchpad market seems already overcrowded. Still, there is much space....
1. What is an ICO? An ICO is a recently emerged concept of crowdfunding projects in the cryptocurrency and Blockchain industries. ICO stands for Initial Coin Offering. It’s an event, sometimes referred to as ‘crowdsale’, when a company releases its own cryptocurrency with a purpose of funding. It usually releases a certain number of crypto-tokens and then sells those tokens to its intended audience, most commonly in exchange for Bitcoins, but it can be fiat money as well. As a result, the company gets the capital to fund the product development and the audience members get their crypto....
Ethereum classic price is currently correcting lower versus Bitcoin, as the 0.00250BTC level is acting as crucial resistance for ETC/BTC. Key Highlights. Ethereum classic price continued to face sellers at 0.0024-25BTC versus Bitcoin and struggled to move higher. There is a minor bearish trend line formed on the hourly chart of ETC/BTC (data feed via Simplefx), which is currently acting as a resistance. On the downside, there is a major support at 0.00225BTC, which is acting as a barrier for sellers. Ethereum Classic Price Downside Move. Ethereum classic price tested the 0.00245-250BTC....
Ethereum price looks like made a minor top above $10.00. If the current price acting is true, then a break of 100 SMA may ignite a larger correction. Ethereum price ETH struggled to retain the bullish bias, and started to correct lower against the US Dollar. There was a drop below the $9.00 level, but the price quickly recovered. The 100 hourly simple moving average is acting as a support for ETH/USD as of writing, and may play a major role for the next move in the near term. If the bulls fail to protect the 100 SMA support area, then a close below it could call for a larger correction in....
In a recent interview at Coinbase’s State of Crypto Summit, the Commodity Futures Trading Commission (CFTC) Acting Chair shared the future of the agency’s crypto regulation under the pro-industry administration. Related Reading: A ‘Threat To Privacy’? US Senators Question Meta’s Stablecoin Plan In New Letter CFTC Won’t Criminalize Crypto On Thursday, CFTC’s acting chair, Caroline Pham, […]