Latest The Open Network news
Bitcoin (BTC) Market Shouts 'Sell,' But This Fundamental Urges 'Buy'
The world's first cryptocurrency Bitcoin (CRYPTO: BTC) had a couple of bad months, which recent on-chain data analysis revealed that Bitcoin addresses in profit recently reached nearly 55.7% — which means most are profiting, but it is a two-year low nonetheless. What Happened: On-chain data-based metric reserve risk paints a ray of hope into Bitcoin's currently gloomy market. According to data shared in a Tuesday tweet by an account of Glassnode dedicated to sharing findings of the blockchain data firm, Bitcoin's reserve risk reached an all-time low of 0.000024. 📉 #Bitcoin $BTC Reserve Risk (7d MA) just reached an ATL of 0.000024 View metric:https://t.co/qNLjuk1sxH pic.twitter.com/ugdbGPDaWI — glassnode alerts (@glassnodealerts) June 21, 2022 See Also: How To Earn Free Crypto Why It Matters: The reserve risk is defined as the confidence of long-term Bitcoin holders relative to the price of the coin at any given time. When the confidence is high and the price is low, this sends a strong buy signal for long-term traders and investors. Glassnode wrote that "Reserve Risk is low when HODLer conviction is high, unspent opportunity cost is increasing, and price is low and thus, there is an attractive risk/reward to invest." Currently, the reserve risk is deep into the green zone, so deep that it has not been this low ever before. Look Into Bitcoin claims: "Investing in Bitcoin during periods where Reserve Risk is in the green zone has produced outsized returns over time." Read Next: Bitcoin, Ethereum Mixed, Dogecoin Soars: Can An Apex Coin Short Squeeze Revive Battered Crypto Markets? © 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.Benzinga•
Bitcoin, Ethereum Mixed, Dogecoin Soars: Can An Apex Coin Short Squeeze Revive Battered Crypto Markets?
Bitcoin, Ethereum and other major coins traded mixed at press time on Tuesday evening as the global cryptocurrency market cap rose 0.8% to $912.5 billion over 24 hours. Price Performance Of Major Coins Coin 24-hour 7-day Price Bitcoin (CRYPTO: BTC) 0.1% -6.3% $20,608.95 Ethereum (CRYPTO: ETH) -0.8% -7% $1,117.93 Dogecoin (CRYPTO: DOGE) 8.2% -17.7% $0.065 Top 24-Hour Gainers (Data via CoinMarketCap) Cryptocurrency 24-Hour % Change (+/-) Price Waves (WAVES) +43% $6.89 Shiba Inu (SHIB) +28.5% $0.00001046 Zilliqa (ZIL) +19.7% $0.04115 See Also: Best USDC Interest Rates Why It Matters: Two of the largest cryptocurrencies showed some strength on Tuesday. Bitcoin and Ethereum touched intraday highs of $21,620.63 and $1,185.43 respectively before retreating. Cryptocurrencies followed stocks in retreat. S&P 500 and Nasdaq futures were down 0.35% and 0.33%, respectively, at press time after having ended Tuesday 2.45% and 2.5% higher. OANDA senior market analyst Edward Moya said cryptocurrency traders have been “walking a lonely road” and no one knows how it will go. However, the market is “seeing some buyers emerge” as selling pressure may have been overdone. “Crypto is not going away and some investors are starting to believe further downside might be limited,” wrote Moya, in a note seen by Benzinga. GlobalBlock analyst Marcus Sotiriou said Bitcoin faces strong resistance at the $21,300 mark, with the next target being $23,500 provided shorts get squeezed. “Bitcoin seems primed for more upside relief in the short term, as futures funding is starting to get negative on the way up, after being neutral yesterday. This means that the majority of players in the futures market are entering short positions whilst price is rising, which could lead result in a short squeeze.” Cryptocurrency trader Justin Bennett said “signs of breakthrough” have started to develop in the market but the bottom is still not in. Seeing a few breakdowns starting to develop. Bottom isn't in IMO. — Justin Bennett (@JustinBennettFX) June 21, 2022 Chartist Ali Martinez tweeted that people were still searching for “signs of capitulation” even as Bitcoin has fallen from $69,000 to a low of $17,600. He said while it could potentially touch the $16,000-$14,000 level in another downswing, it is impossible to time the bottom. He suggested investors use dollar-cost averaging all the way. #Bitcoin goes from $69,000 to $17,600 and people are still looking for signs of capitulation… Yeah! There can be another downswing to $16,000-$14,000, but be aware that you will never time the $BTC bottom. DCA all the way! — Ali Martinez (@ali_charts) June 21, 2022 Market behavior analytics platform Santiment noted that the ratio of Bitcoin’s supply continues to stay low at levels last seen in November 2018. “This is a good signal of limited future selloff risk. In the meantime, [Tether] supply continues skyrocketing on to exchanges, indicating greater buying power,” tweeted Santiment. The ratio of #Bitcoin's supply continues staying low at levels last seen in November, 2018. This is a good signal of limited future selloff risk. In the meantime, #Tether supply continues skyrocketing on to exchanges, indicating greater buying power. https://t.co/8uaYXatxnP pic.twitter.com/wYLkqQqQuO — Santiment (@santimentfeed) June 21, 2022 Read Next: 'Pharma Bro' Martin Shkreli Says These Type Of Coins Have 'Proven' Themselves More Than Bitcoin, Ethereum © 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.Benzinga•
Ethereum's Vitalik Buterin Slams Bitcoin Stock-To-Flow Model
Ethereum (CRYPTO: ETH) creator Vitalik Buterin joined a host of critics in mocking the Bitcoin (CRYPTO: BTC) Stock-to-Flow (S2F) model. What Happened: In a tweet on Monday, Buterin criticized S2F for being one of the financial models that give people a false sense of certainty the price will go up. Remember who supported S2F and who mocked it even back when it looked like it was accurately describing the trendline. — vitalik.eth (@VitalikButerin) June 21, 2022 S2F is a widely popular quantitative price prediction model put forward by pseudonymous institutional investor Plan B. According to the model’s hypothesis, the price of Bitcoin would continue on an upward trajectory delivering investors approximately tenfold returns every four years. The model also predicted the price of Bitcoin would hit $100,000 by the end of 2021 and would be well on its way to the $1 million mark by the year 2026. Last week, Bitcoin hit a two-year low of $17,708 and a majority of market participants slammed Plan B’s model for “selling hopium” to the masses of retail investors. See Also: IS BITCOIN DEAD? Plan B himself responded to Buterin’s criticism by saying that crypto industry newbies and “leaders” were looking to find a scapegoat after a major crash. After a crash some people are looking for scapegoats for their failed projects or wrong investment decisions. Not only newbies but als "leaders" fall victim to blaming others and playing the victim. Remember those who blame others and those who stand strong after a crash. https://t.co/4nJdHq84pm — PlanB (@100trillionUSD) June 21, 2022 BTC Price Action: According to data from Benzinga Pro, Bitcoin was trading at $20,795.74 at press time, gaining 2.07% over the last 24 hours. Photo: Philip McMaster, www.RepublicOfConscience.com via Flickr Creative Commons © 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.Benzinga•
We Asked 1,000 Readers Why They Invested In Dogecoin Instead Of Bitcoin, Ethereum
Every week, Benzinga conducts a survey to collect sentiment on what traders are most excited about, interested in or thinking about as they manage and build their personal portfolios. This week we asked 1,000 Benzinga readers on why they bought the popular meme cryptocurrency Dogecoin (CRYPTO: DOGE). What Is Dogecoin? Dogecoin was introduced as a joke in 2013 to help raise public awareness of the capabilities of blockchain technology. The cryptocurrency’s mascot, the Shiba Inu, is based on the “doge” internet meme. Though Dogecoin was originally intended as a joke, it gained momentum in 2021 thanks to its vibrant and passionate online community. A brief history of the cryptocurrency reveals Dogecoin has been involved in a number of highly public news stories, including its successful $50,000 fundraiser to send the Jamaican Bobsled Team to the 2014 Winter Olympics after they qualified but did not have the financial backing to attend. See also: How to Buy Dogecoin (DOGE) Why Are Traders Buying Dogecoin? So, why are traders and investors flocking to Dogecoin? Many respondents to our study cited the celebrity influence for their decision to jump in and buy the cryptocurrency. Earlier in 2021, our team covered all the celebrities and Tesla Inc (NASDAQ: TSLA) CEO Elon Musk who publicly backed Dogecoin. Amond many examples- OnlyFans star Mia Khalifa, who spoke to ZingerNation in 2021, discussed Dogecoin and other meme stocks she bought during the GameStop saga in January 2021. A large group of respondents said that accumulating a large number of Dogecoins can be done for a pittance compared to the likes of Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH), this was their chance to invest and get their feet wet in a cryptocurrency when they otherwise haven't before. Dogecoin was trading at $0.065 at the time of publication, off its all-time high of $0.74. © 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.Benzinga•
Live Bitcoin Trading | $100,000 SHORT MILLION TRILLION
Live Bitcoin Trading | $100,000 SHORT MILLION TRILLION CHANNEL PARTNERS Market Cipher & Phemex Market Cipher Use Code Crown (15% off) ➡️ https://tcrown.me/MarketCipher Phemex (Up To $4,100 Bonus) ➡️ https://tcrown.me/Phemex The DXY or USD, closed VERY strong on Friday. Markets are selling off, and cryptocurrency is no exception today! Come watch analysis of the crypto markets, specifically Bitcoin BTC, Ethereum ETH, Ripple XRP, Dogecoin DOGE, and Cardano ADA. Is crypto crashing? Is this a real crypto crash? We will find out together! Follow On Social https://discord.gg/tomcrown https://twitter.com/tomcrowncrypto #bitcoin #bitcoinlive #crypto Tom Crown Bitcoin BTC Cryptocurrency Crown Crypto (YouTube Channel) https://youtube.com/tomcrown All analysis is opinion of Tom Crown. The content of my media are intended for general information purposes only. Nothing that I write or discuss should be construed, or relied upon, as investment, financial, legal, regulatory, accounting, tax or similar advice. Nothing should be interpreted as a solicitation to invest in any cryptocurrency, and nothing herein should be construed as a recommendation to engage in any investment strategy or transaction. Please be advised that is in your own best interests to consult with investment, legal, tax or similar professionals regarding any specific situations and any prospective transaction decisions.
If You Invested $1,000 In Bitcoin When Michael Saylor Said To Mortgage Your House, Here's How Much You're Down
One of the biggest Bitcoin (CRYPTO: BTC) bulls is Michael Saylor, the CEO of MicroStrategy Incorporated (NASDAQ: MSTR). While Saylor has actively been buying Bitcoin thanks to his bullish thoughts, he has also encouraged people to invest what they can into the leading cryptocurrency, including a call a year ago to mortgage their houses. What Happened: When Bitcoin was trading at over $57,000 on March 10, 2021, Saylor spoke out in an incredibly bullish fashion about how investors should get more exposure to the leading cryptocurrency. “The only use of time is to buy more Bitcoin. Take all your money and buy more Bitcoin. Then take all your time to figure out what you can sell to buy more Bitcoin,” Saylor said. Saylor even took it a step further with some interesting advice. “Go mortgage your house and buy Bitcoin with it.” Saylor called Bitcoin the hardest money on earth and said that people should use all their time to acquire the cryptocurrency. Never forget Michael Saylor encouraging unsophisticated investors to liquidate every asset they own to buy Bitcoin on leverage.pic.twitter.com/Wvv3c2JpOZ — Nate Anderson (@ClarityToast) June 13, 2022 MicroStrategy began buying Bitcoin for around $12,000 in August 2020. The company now holds more than 129,000 Bitcoin. With the recent drop in the price of Bitcoin, MicroStrategy has a losing position in the cryptocurrency. Saylor has brushed off the drop and said investors should look at four-year cycles and hold Bitcoin as long-term investments. Saylor also called the recent drop a buying opportunity saying, “Bitcoin is on sale.” Interestingly enough, Saylor criticized Bitcoin in December 2013, saying the days were numbered for the cryptocurrency while comparing it to online gambling. Related Link: How To Buy Bitcoin Investing $1,000 in Bitcoin: Investors who took Saylor’s words to heart and bought Bitcoin with every penny they had and potentially mortgaged their houses would have enjoyed a short run-up to all-time highs of $68,789.63 in November 2021. Those who have held since that time until today are likely less enthused. A $1,000 investment in Bitcoin on March 10, 2021, could have bought 0.01746 BTC based on the high price of $57,258.25 on the day. The $1,000 investment would be worth $374.98 today based on the current price of Bitcoin. This represents a decline of 62.5% in 15 months. Photo: Elnur via Shutterstock © 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.Benzinga•
If You Invested $100 In Bitcoin Gold, Ethereum Classic And Dogecoin In March 2020, Here's How Much You'd Have Now
Investors who have put money into major U.S. indices have enjoyed respectable returns since the bottom of the market in March 2020. In fact, the SPDR S&P 500 ETF (NASDAQ: SPY), Invesco QQQ Trust Series 1 (NASDAQ: QQQ) and SPDR Dow Jones Industrial Average ETF Trust (NASDAQ: DIA) have returned 54.25%, 99.52% and 59.89% since then. As good as investors in the major U.S. indices have had it since 2020, cryptocurrencies have performed that much better. Cryptocurrency bulls who bought when U.S. markets bottomed out in March 2020 and held on for the long-term, despite the ongoing volatility, have been treated to epic returns on their investment. Winners Since March 2020: Here’s how much $100 in each of the following cryptocurrencies back at the bottom of the U.S. market in March 2020 would be worth today: Bitcoin Gold (CRYPTO: BTG): $268.83 Ethereum Classic (CRYPTO: ETC): $327.43 Dogecoin (CRYPTO: DOGE): $3,955.14 What's In Store For DOGE: It's no secret Tesla Inc (NASDAQ: TSLA) CEO Elon Musk's antics related to Dogecoin on Twitter have resulted in massive price fluctuations for the meme crypto. In a year when the broader cryptocurrency market has fallen sharply, it remains to be seen if Musk's tweeting about Dogecoin can sustain further gains in the near term. © 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Crypto Analyst Still Bullish On Bitcoin Miners, Names 4 Top Stock Picks
Plummeting cryptocurrency prices have made life difficult for Bitcoin (CRYPTO: BTC) miners in 2022, but Canaccord Genuity analyst Joseph Vafi said Monday that he maintains his bullish long-term outlook for crypto miners Argo Blockchain ADR (NASDAQ: ARBK), HIVE Blockchain Technologies Ltd (NASDAQ: HIVE), Hut 8 Mining Corp (NASDAQ: HUT) and Iris Energy Ltd (NASDAQ: IREN). Mining Efficiency Critical: In his monthly digital asset mining update, Vafi said production has been on the rise among top miners despite the downturn in crypto prices. In May, North American miners increased their output, while miners in China came back online as well. Related Link: If You Invested $1,000 In Dogecoin At Its COVID-19 Pandemic Low, Here's How Much You'd Have Now Vafi also said there are factors helping to offset profit and margin pressures on miners. As less efficient miners shut down production, higher-efficiency miners that can remain profitable at breakeven Bitcoin prices in the $7,000 to $9,000 range are taking over that market share. In addition, Vafi said prices on specialized Bitcoin application-specific integrated circuits (ASICs) are starting to fall, providing the opportunity for miners with strong balance sheets to expand their production at a much lower cost than six months ago. How To Play It: Vafi said the four Bitcoin miners Canaccord covers all have access to capital and are maintaining consistent production as they invest in building future mining capacity. "Clearly, BTC spot prices have yet to decouple from risk equities, but we still see attractive long-term characteristics for the digital asset," Vafi said. Canaccord Genuity has the following ratings and price targets for the crypto miners mentioned: Argo Blockchain: Buy rating, $13 target HIVE Blockchain: Buy rating, $14 target Hut 8 Mining: Buy rating, $6 target Iris Energy: Buy rating, $14 target Benzinga's Take: Bitcoin and other cryptos have experienced several drawdowns of more than 80% throughout its history, and the current pullback has Bitcoin prices trading nearly 70% off of its highs in late 2021. However, with break-even prices of below $9,000, these highly efficient miners could seemingly still turn a profit even if Bitcoin prices dropped another 50% from current levels. Photo: FabreGov via Shutterstock © 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
About The Open Network
This article discusses the current TCOIN price and the TCOIN price predictions provided by reliable sources. Can TCOIN reach a new all-time high in the future? What does the TCOIN coin technical analysis indicate? Why is it important? What will the TCOIN price look like in 2021-2025? Is the TCOIN coin a good investment right now? Let’s dive in and decide for ourselves.
The Open Network Real-Time Status
TCOIN current price, market cap, and volume. These variables are important indicators of the coin’s current market position. All the data, easily accessible via the Real-Time Status widget
Market capitalization is calculated by multiplying the coin’s price with its circulating supply and is used for measuring the value of a cryptocurrency.
Volume indicates the total amount of trades happening at the moment. Experts recommend looking out for a volume to market cap ratio under 1.0.
Catch up with the latest crypto data by using the widget below.
The Open Network Technical Analysis
Knowing the principles of technical analysis is essential for making the most accurate price forecasts. Technical analysis is used by professional experts to analyze and predict future price movements. Technical analysts discover previous price movement patterns and compare them to the current figures. By doing that, they make an assumption that the past pattern will occur in the future again, according to key variables. Technical analysis is the best way to make your own price forecast and determine your chances of profiting.
The Open Network Price
You can check the TCOIN price through CoinJoy's crypto portfolio tracker. Choose TCOIN from the list of coins or type its name in the search bar. Choose the number of coins, time and the date they were purchased. The algorithm will calculate the token price at the time of purchase and convert it to US dollar, based on the current value.
The token can also be added to the Portfolio. Your Portfolio does not only show the current price of the asset but your real-time losses and profits since the purchase as well. It’s a convenient way to track your holdings and always be aware of the token price changes.
How To Buy The Open Network
You can choose one or a few ways to purchase TCOIN. First and foremost, your wallet must support the token. Wallets like Ledger, Coinomo, Trezor support TCOIN tokens and allow you to store them. Locate the TCOIN address starting from 0x. Sign up with TCOIN and purchase the tokens with fiat money or other cryptocurrencies through one of the exchanges: Binance, PancakeSwap, UniSwap.
Purchase as many TCOIN coins as you want with any supported asset or fiats. However, you will most likely have to pay higher fees.
There are various other exchange services that may support TCOIN. It is recommended not to keep your coins on the exchange platform for a long time, and instead transfer them to your wallet.
The Open Network Price Prediction 2022
We have gathered the latest The Open Network price prediction results from some of the most reliable sources, namely Wallet Investor, Trading Beasts, and PricePrediction.net.
Wallet Investor is prominent that The Open Network prices will fall, forecasting a potential bearish trend in 2022. According to the website algorithm, investors may be expecting an average of $0.005, with a potential maximum of $0.00525, and a minimum of $0.0045000000000000005.
The Open Network Price Prediction 2023
Predicting crypto market is challenging. It is hard to forecast the exact price movement. Before you decide to invest in the cryptocurrency of your choice, we strongly recommend learning more about the coin itself and get familiar with the project's roadmap. Remember to always do your own research.
Is The Open Network a good investment?
According to the experts' forecasts, The Open Network will be a good investment.
Does The Open Network Have Potential?
The TCOIN is already a quite popular cryptocurrency, gradually approaching the new highs on Coinmarketcap's market cap ranking. The project has developed strong partnerships with many giants of the cryptocurrency industry. Since The Open Network forecast is positive, It has potential.
How much will The Open Network be worth in 2022?
In 2022 the price of TCOIN is expected to reach $0.00525, based on the forecasting from various sources.
How much will The Open Network be worth in 2023?
In 2023 the price of TCOIN is expected to reach $0.063, based on the forecasting from various sources.