American private investment and finance company Motley Fool highlighted these 3 cryptocurrencies in its recent statements! According to the giant financial company, these 3 cryptocurrencies are screaming “buy”! Here are the details…
The leading cryptocurrency Bitcoin (BTC) is first on the radar of the financial company!
cryptocoin.com As we have mentioned, the leading cryptocurrency Bitcoin (BTC) has seen an increase of over 70 percent during the year and has met the expectations of many investors. While it was momentarily trading at the level of $ 28 thousand, which it reached in mid-March for the first time in nine months, many analysts report that there are catalysts that will enable the leading cryptocurrency to rise in the near future. The first factor for the leading cryptocurrency that could present an interesting buying opportunity is the macroeconomic outlook of the US economy. As a result, all eyes are on the Federal Reserve right now. Every time the market thinks the Fed can finish tightening, it chooses to raise interest rates once again, making a real Bitcoin exit impossible. This is why experts believe that the fact that investors believe the worst is over is a bullish signal for BTC. Already, Bitcoin bulls are predicting that this coin could skyrocket to $100,000 if the Fed announces it will end interest rate hikes.
The second major catalyst for Bitcoin is the upcoming halving event, now scheduled for April 2024. A halving is an event that happens every four years, resulting in a halving of crypto mining rewards for Bitcoin miners. Currently, Bitcoin miners receive a 6.25 BTC reward for each block they successfully mine on the blockchain. After the next halving takes place, this reward will drop to 3,125 BTC. This is a core feature of Bitcoin. Each halving event increases the scarcity of Bitcoin, which is currently limited to a total lifetime supply of 21 million coins. Each halving event also makes Bitcoin more deflationary over time.
Both of these are viewed very positively by the market. As a result, past Bitcoin halving events have been associated with significant price increases. Moreover, this price increase is compared to a fairly regular model.
However, if the global banking crisis continues to escalate, BTC could emerge as a safe haven, which could increase its price. At the moment, there are too many factors in Bitcoin’s favor that are impossible to ignore. As a long-term investor, the future growth prospects of Bitcoin fascinate investors. As Cathie Wood of Ark Invest points out in valuation models, Bitcoin has become an increasingly important part of the global financial system. This appears to be a trend that is likely to continue.
Ethereum (ETH) Shanghai update attracts many investors to ETH
On April 12, Ethereum will announce the new Shanghai update, marking the first major update to Ethereum since The Merge last September. The Shanghai update has one primary purpose: to make it easier for users to withdraw their deposited Ethereum from the blockchain.
After Ethereum’s transition from proof-of-work blockchain to proof-of-stake blockchain as part of The Merge, this is something Ethereum users have been demanding. The reason for this is extremely simple. Until the Shanghai upgrade goes live, the currently staked 19 million ETH (currently worth $35 billion) is basically illiquid. You can deposit your money (through staking) and earn returns, but your coins are locked. Experts say it’s the same as having a low-yielding bank account, but banks tell you they don’t know exactly when you can withdraw that money. If you’re investing tens of thousands of dollars worth of Ethereum, this of course can be a problem.
But if you are buying and selling Ethereum but not actually staking, this upgrade can come and go without investors even realizing it. Ethereum promises some efficiency gains and lower transaction fees after Shanghai, but this is likely due to a minor upgrade called Capella, which is now included in the larger Shanghai upgrade.
Solana can rock the markets with Saga!
Solana plans to launch Saga, a $1,000 Android phone optimized for Web3, blockchain, and crypto on April 13. Solana calls it the “Web3 in your pocket” and its grand vision is to make it easier, faster and more secure to make immutable token (NFT) transactions or crypto payments. As Solana puts it in her stylish marketing ads, “trading tokens while waiting in the coffee queue and printing NFT on my morning commute…” will be easier with Saga.
Solana achieves two key strategic goals by launching this Saga phone. First and foremost, it combines all of Solana’s Web3 initiatives (including Solana Mobile and Solana Pay) under one big venture. For example, Solana Pay makes a lot more sense when you consider paying in-store from a crypto-friendly Android phone. Solana’s founders made exactly this point in their January 2023 update to Solana ecosystem members. Second, the Saga phone offers a real, tangible product for the casual crypto user. From a branding point of view, this is a very smart move. With this new phone, users will be able to use a super secure blockchain wallet.
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