• Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • bitcoinBitcoin(BTC)$27,799.00-0.41%
    BITCOIN
    24H : -0.41%
    Volume : $12,968,425,888.00
    Marketcap : $538,947,151,513.00
  • ethereumEthereum(ETH)$1,899.520.090%
    ETHEREUM
    24H : 0.090%
    Volume : $5,465,917,561.00
    Marketcap : $228,434,092,030.00
  • binancecoinBNB(BNB)$312.16-0.63%
    BNB
    24H : -0.63%
    Volume : $509,575,203.00
    Marketcap : $49,290,916,435.00
  • rippleXRP(XRP)$0.5024.65%
    XRP
    24H : 4.65%
    Volume : $1,303,386,597.00
    Marketcap : $26,082,793,619.00
  • cardanoCardano(ADA)$0.3810.200%
    CARDANO
    24H : 0.200%
    Volume : $185,765,051.00
    Marketcap : $13,349,242,749.00
  • dogecoinDogecoin(DOGE)$0.073-0.60%
    DOGECOIN
    24H : -0.60%
    Volume : $224,410,173.00
    Marketcap : $10,149,602,026.00
  • matic-networkPolygon(MATIC)$0.909-1.91%
    POLYGON
    24H : -1.91%
    Volume : $243,195,609.00
    Marketcap : $8,438,588,316.00
  • solanaSolana(SOL)$20.840.960%
    SOLANA
    24H : 0.960%
    Volume : $285,749,418.00
    Marketcap : $8,260,843,173.00
  • polkadotPolkadot(DOT)$5.470.200%
    POLKADOT
    24H : 0.200%
    Volume : $90,820,029.00
    Marketcap : $6,772,420,022.00
  • okbOKB(OKB)$47.13-0.32%
    OKB
    24H : -0.32%
    Volume : $4,346,461.00
    Marketcap : $2,828,219,235.00
TodayinCrypto.com

TodayinCrypto.com

  • Home
  • Latest News
  • YOUTUBE RECAPS
  • CONTACT US

Best Altcoin Trade


September 12, 2021 · By Muhammad Awwal
Bitcoin (BTC), Cardano (ADA), Ethereum (ETH), Solana (SOL)

While Bitcoin continues to trade sideways, Solana has demonstrated what an altcoin capable of actual price discovery can achieve. Ran, Chico, Becker, and Vinny examine the market for developing blockchain networks, their adoption, and potential use cases, as well as the possibility of Solana flipping Ethereum.

Bitcoin, altcoins, NFT, and the market as a whole have slowed down. Meanwhile, inflation in the United States is rising, with the producer price index rising 8.3 percent in the 12 months to August, the largest year-on-year increase since the series was revised in November 2010.

Did El Salvador cause significant price changes in Bitcoin?

The conversation began with the week’s most important event: Bitcoin becoming legal tender in El Salvador, and the possibility that the market is being manipulated as a result.

According to Alex Becker, he does not believe it was a manipulation, but rather a natural pause after the recent market boom. However, he believes there is a chance that Bitcoin will be influenced in the future by Western governments that utilize the US dollar as a tool.

Vinny believes the crash was caused by a fear factor that was exacerbated by people panicking once Coinbase went down. According to Chico, September has always been a bearish month for Bitcoin, and the present Bitcoin price levels should be the month’s bottom.

Bitcoin’s market share and dominance

The current trend, according to Ran, is remarkably similar to prior bull cycles [2017 and 2013], in which the market fell back and meandered sideways in August and September before accelerating to a parabolic advance by the end of the year. Chico agrees, predicting a parabolic movement in the final run.

According to Vinny, this could be Bitcoin’s final parabolic run because it will be less inclined to pump as it grows larger. According to him, the real question is how much higher it can go until competing networks with utilities like as Ethereum, Solana, and others emerge.

When adoption and utilities drive market prices, Alex believes Bitcoin will become less relevant. Ran believes that Bitcoin’s market share will never reach 60% again.

Solana vs. Ethereum

Because the Ethereum smart contracts infrastructure is failing, Vinny believes Solana will flip Ethereum in the next 12 months. He expects new and existing projects to migrate to the Solana ecosystem in the near future.

Solana wins on DeFi, according to Vinny, because the transaction costs are lower, allowing them to bring on more users. As a result, the arbitrage increases.

Alex believes Ethereum is in serious peril until ETH 2.0 fixes the user experience issues. He feels Ethereum is now failing to achieve its goals because the network is slow and unusable.

Crypto gaming is gaining pace, and it’s a multibillion-dollar sector that demands low costs, efficiency, and precision, Alex added.

Cardano vs. Solana

If Solana is the cheapest and best blockchain to use right now, Ran wonders why Cardano is the third largest cryptocurrency by market capitalization.

According to Alex, the market is currently far more speculative and is unmoved by reality or adoption. Before passing judgment, he wants to see how the Cardano network performs after the smart contract is released.

Cardano, according to Chico, is bigger because it is backed by Japanese investors. According to Vinny, Solana should pass Cardano shortly based on recent performance.

Vinny and Alex argue users do not care how decentralized Solana is as long as it works, Chico believes otherwise.

This episode premiered on September 10th, 2021.

Primary Sidebar

LATEST NEWS

From LOL to OMG: The Wild Rollercoaster Ride of Memecoins

May 28, 2023

Beijing Releases Web3 White Paper To Fuel Digital Economy Innovation

May 27, 2023

Gemini Twins Cast Crypto Charms on Ireland Amid U.S. Regulatory Rainclouds

May 27, 2023

Altman’s Worldcoin Lands $115M to Decentralize Identity: AI Meets Crypto in a Big Way

May 26, 2023

DeSantis Joins Presidential Race, Pledges to Defend Bitcoin Against Regulatory Onslaught

May 25, 2023

  • Facebook
  • Instagram
  • Twitter

Newsletter

Footer

ABOUT US

TodayinCrypto is a financial media brand that strives to deliver breaking, accurate and daily news about digital assets to millions of investors in the crypto industry.

We are passionate about Bitcoin and are keen to share news about the people, companies and technological developments that are changing our world.

TODAY IN CRYPTO

  • 10 Million Steps into the Future: Reddit NFT Avatars Explode in Popularity May 29, 2023
  • From LOL to OMG: The Wild Rollercoaster Ride of Memecoins May 28, 2023
  • Beijing Releases Web3 White Paper To Fuel Digital Economy Innovation May 27, 2023

Search

Tags

Aave (AAVE) Aleph.im (ALEPH) Arweave (AR) Avalanche (AVAX) Benchmark Protocol (MARK) Binance Coin (BNB) Bitcoin (BTC) Bondly (BONDLY) Bridge Mutual (BMI) Cardano (ADA) Celsius Network (CEL) Chainlink (LINK) Decentraland (MANA) Dogecoin (DOGE) Elrond (EGLD) Enjin Coin (ENJ) Ethereum (ETH) Ethernity Chain (ERN) Fantom (FTM) FTX Token (FTT) Kusama (KSM) Litecoin (LTC) NFT OriginTrail (TRAC) PAID Network (PAID) PancakeSwap (CAKE) Polkadot (DOT) Polkastarter (POLS) Polygon (MATIC) SnowSwap Solana (SOL) SuperFarm (SUPER) Sushi (SUSHI) Terra (LUNA) Terra Classic (LUNC) The Graph (GRT) Theta Network (THETA) Tixl (TXL) Trustswap (SWAP) Uniswap (UNI) USD Coin (USDC) VeChain (VET) XRP (XRP) yearn.finance (YFI) Yield Optimization Platform & Protocol (YOP)

Copyright © 2023 · Today in Crypto · Terms & Privacy · Log in