Saturday, February 4, 2023
Crypto News
Advertisement
  • Home
  • Cryptocurrency
  • Bitcoin
  • Altcoin
  • Cardano
  • Ethereum
  • Blockchain
  • Ripple
  • Videos
No Result
View All Result
  • Home
  • Cryptocurrency
  • Bitcoin
  • Altcoin
  • Cardano
  • Ethereum
  • Blockchain
  • Ripple
  • Videos
No Result
View All Result
Crypto News
No Result
View All Result
Home Bitcoin

Why Bitcoin Is Outperforming Ethereum, Enjin Coin, and Decentraland

by Crypto News
December 30, 2021
in Bitcoin
0
Why Bitcoin Is Outperforming Ethereum, Enjin Coin, and Decentraland
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter


Within the Dec. 15 version of “The Crypto Present” on Backstage Cross, Idiot.com contributor Chris MacDonald and Idiot.com editor Eric Bleeker talk about the worth of Bitcoin (CRYPTO:BTC) relative to different high-powered cryptocurrencies similar to Ethereum (CRYPTO:ETH), Enjin Coin (CRYPTO:ENJ), and Decentraland (CRYPTO:MANA).

Eric Bleeker: The previous seven days we’ve Bitcoin off 4 p.c, Ethereum 13 p.c, Solana (CRYPTO:SOL) 14 p.c, Enjin 15 p.c, Decentraland 17 p.c.

Partially, I convey this as much as present one thing that I suppose in crypto relative phrases that has extra stability like Bitcoin having on the decrease finish of features.

Issues that not too long ago have been much more narrative centered like Decentraland or Engine coin which might be benefiting from the expansion in metaverse, seeing the upper sell-offs, which as soon as once more matches this profile we have been speaking about generally, de-risking that is occurring available in the market proper now.

Chris, let’s simply dive into a number of the areas that you simply had talked about with leverage being employed. What are you seeing whenever you take a look at the crypto market proper now?

Chris MacDonald: Yeah, I feel that is a very good intro and a great way of it. When you consider Enjin coin, Decentraland and Alien Worlds, a number of the different metaverse performs, there’s sure areas of the crypto market, similar to sure areas of the tech market which might be tremendous high-growth and overvalued and have achieved extraordinarily effectively.

Buyers, I feel, need to take that threat off the desk proper now. Solana has had its personal points with some slowdowns on their community, and Ethereum it appears the community has been tormented by larger gasoline charges currently.

Bitcoin appears to be holding up extra because the “regular Eddy,” such as you talked about, at the very least over the previous week. Such as you talked about, it is onerous to take a look at the crypto sector from a week-to-week foundation. It is extra of buyers both take a brilliant long-term view of it or they’re trying to commerce the sector.

For these merchants who’re transferring cash out and in with momentum and leverage, a few of these names that get bid up on the way in which up can see extra vital declines on the way in which down. I feel that is what we’re seeing proper now.

Smaller strikes into larger cap cryptocurrencies are bleeding by to some fairly deeper or extra vital strikes in a few of these smaller cap tokens.

Eric Bleeker: I believed it was fascinating. We touched on this briefly on final week’s present. The actions, it is at all times onerous to correlate one-to-one, one particular motion whereas costs quickly decline. The sell-offs are sometimes brought on by a lot smaller strikes than you would possibly anticipate whenever you take a look at the headline of Bitcoin being a trillion greenback asset, appropriate?

Chris MacDonald: For positive. It is fascinating that it would not take rather a lot essentially to maneuver a number of the smaller cap cryptocurrencies rather a lot additional, as an instance than a Bitcoin or Ethereum primarily based on some market narrative or sentiment. It looks like proper now a whole lot of these strikes are sentiment-driven and sentiment is simply not sturdy available in the market proper now.

This text represents the opinion of the author, who might disagree with the “official” advice place of a Motley Idiot premium advisory service. We’re motley! Questioning an investing thesis — even one in all our personal — helps us all assume critically about investing and make choices that assist us change into smarter, happier, and richer.

Related articles

Bitcoin launched 13 years ago today⁠. 8 milestones from the past year

Bitcoin launched 13 years ago today⁠. 8 milestones from the past year

January 3, 2022
Why Bitcoin Price’s Tumble Is Good News for Coinbase Stock

Why Bitcoin Price’s Tumble Is Good News for Coinbase Stock

January 3, 2022





Source link

Share76Tweet47

Related Posts

Bitcoin launched 13 years ago today⁠. 8 milestones from the past year

Bitcoin launched 13 years ago today⁠. 8 milestones from the past year

by Crypto News
January 3, 2022
0

13 years in the past at the moment, bitcoin formally launched after what's often known as the Genesis Block...

Why Bitcoin Price’s Tumble Is Good News for Coinbase Stock

Why Bitcoin Price’s Tumble Is Good News for Coinbase Stock

by Crypto News
January 3, 2022
0

Textual content dimension Bitcoin's latest tumble might need brought on a rise in buying and selling quantity for Coinbase....

Now there are 3 provinces in Argentina that tax bitcoin – CVBJ

Now there are 3 provinces in Argentina that tax bitcoin – CVBJ

by Crypto News
January 3, 2022
0

Key details: La Pampa will cost Gross Earnings to all industrial actions with digital currencies. As in different provinces,...

I bought Bitcoin from PayPal. Here’s what happened

I bought Bitcoin from PayPal. Here’s what happened

by Crypto News
January 3, 2022
0

There isn't a doubt that cryptocurrency has traction within the monetary world. As of the second I am penning...

Multisig Setup Saves Bitcoin Stack from Home Burglary

Proof Of Keys Day And Quantum Computing

by Crypto News
January 3, 2022
0

When Satoshi Nakamoto mined the genesis block 13 years in the past right now, giving rise to the Bitcoin...

Load More
  • Trending
  • Comments
  • Latest
6 Altcoins to Buy As Crypto Bull Market Gets Crazier: Banking Veteran

6 Altcoins to Buy As Crypto Bull Market Gets Crazier: Banking Veteran

November 7, 2021
Tesla To Accept Shiba Inu Coin and will hit $0.1 in 2021!!

Tesla To Accept Shiba Inu Coin and will hit $0.1 in 2021!!

November 1, 2021
Bitcoin Mining Noise Drives Neighbors Nuts—a Giant Dentist Drill That Won’t Stop

Bitcoin Mining Noise Drives Neighbors Nuts—a Giant Dentist Drill That Won’t Stop

November 12, 2021
Pro-Crypto Candidates Seek an Easier Way to Accept Bitcoin, Altcoins

Pro-Crypto Candidates Seek an Easier Way to Accept Bitcoin, Altcoins

October 22, 2021
5 Hotels Accepting Cryptocurrency as a Payment Method

5 Hotels Accepting Cryptocurrency as a Payment Method

0
Top cryptocurrency prices today: Bitcoin, Dogecoin, Ethereum gain up to 5%

Top cryptocurrency prices today: Bitcoin, Dogecoin, Ethereum gain up to 5%

0
Four Emerging Altcoins Soar 101% or More Within Seven Days As Crypto Markets Ignite

Four Emerging Altcoins Soar 101% or More Within Seven Days As Crypto Markets Ignite

0
ADA Price Prediction: Cardano Sits and Waits

ADA Price Prediction: Cardano Sits and Waits

0
Bitcoin set for a major move –  Altcoin action incoming FOLLOW OUR LIVE SHOWS

Bitcoin set for a major move – Altcoin action incoming FOLLOW OUR LIVE SHOWS

February 4, 2023
AO VIVO AGORA: Análise Fechamento criptomoedas Bitcoin hoje (BTC), Ethereum hoje (ETH) Cardano (ADA)

AO VIVO AGORA: Análise Fechamento criptomoedas Bitcoin hoje (BTC), Ethereum hoje (ETH) Cardano (ADA)

February 3, 2023
Live Crypto Profit🤑😍 Bitcoin short 🔽 #cryptocurrency #tradingstrategy #crypto #finance

Live Crypto Profit🤑😍 Bitcoin short 🔽 #cryptocurrency #tradingstrategy #crypto #finance

February 3, 2023
CARDANO PRICE DROPS, XRP GLOBAL EXPANSION

CARDANO PRICE DROPS, XRP GLOBAL EXPANSION

February 3, 2023

Recent News

Bitcoin set for a major move –  Altcoin action incoming FOLLOW OUR LIVE SHOWS

Bitcoin set for a major move – Altcoin action incoming FOLLOW OUR LIVE SHOWS

February 4, 2023
AO VIVO AGORA: Análise Fechamento criptomoedas Bitcoin hoje (BTC), Ethereum hoje (ETH) Cardano (ADA)

AO VIVO AGORA: Análise Fechamento criptomoedas Bitcoin hoje (BTC), Ethereum hoje (ETH) Cardano (ADA)

February 3, 2023

Categories

  • Altcoin
  • Bitcoin
  • Blockchain
  • Cardano
  • Cryptocurrency
  • Ethereum
  • Ripple
  • Videos

Bitcoin Currency Converter

Cryptocurrency Prices by Coinlib
  • Privacy & Policy
  • About Us
  • Contact Us

© 2021 Copyright Crypto News

No Result
View All Result
  • Home
  • Cryptocurrency
  • Bitcoin
  • Altcoin
  • Cardano
  • Ethereum
  • Blockchain
  • Ripple
  • Videos

© 2021 Copyright Crypto News