Crypto Brief Jan.04: Bitcoin price will hit $25k in 2021 plus THETA, ENJ, RVN, LTC, ADA, TRX, ETH, PAX, VeChain, Binance

From the explosive potential of Bitcoin to Ethereum block times reduced to 12s. These are some of the prominent news in the crypto space.

Crypto Brief Jan.04

Bitcoin News

Ever since plunging from an unprecedented high of nearly $ 20,000, investors have been wondering when Bitcoin will find its way to ATH or when BTC will go to the moon.

According to famous trader Dave the Wave, this high level will probably come around the beginning of 2021, about 12 – 15 months.

Trader recently noted that Bitcoin might see some price action soon, but it will soon resume the long-term uptrend that will bring it to a level of 25,000 – 270% higher than the current price – in early 2021.

He specifically cited a five-wave Elliot Wave rally, which will see Bitcoin bottoming out in the next few weeks before skyrocketing to $ 25,000, then a brief correction, and ended the rally above $ 100,000.

Not only “Dave” is optimistic about Bitcoin’s price. As AZCoin News reported, Antoni Trenchev, CEO of the Bitcoin lending platform Nexo.io recently shared his thoughts on the destination of BTC at the end of 2020 and confirmed the price could rise to $ 50,000 by the end of the year, which will mark a 575% increase from current prices

Bitcoin: A Marathon, Not a Sprint

Eleven years ago, the Bitcoin network began working. From humble beginnings, the network has now attracted millions.

While Bitcoin has achieved more than most could have hoped for in its brief survival period if to gain global importance, some of the most devoted proponents think it still has a long way to go.

Whales transferred BTC

According to Whale Alert, whales awakened and transferred 9627 BTC (~ $70.6M), including four transfers, including four transfers between unknown wallets and exchanges, especially another transfer between Binance and OKEx that many users worried about a dump.

Crypto Brief Jan.04 BTC 1

Source: Twitter 

Ravencoin, Enjin Coin and Theta News

Ravencoin, Enjin Coin, and Theta are showing similar movements to the end of 2018 / early 2019 before the bull boom. We will probably see a breakout in early 2020 of one of them.

All three coins have been trading in a tight range for more than 100 days and have made at least one attempt to break out of this range.

Trader Yaz outlined the prices of THETA, ENJ, and RVN, saying that they all have the potential to earn huge profits in 2020.

Litecoin News

The Litecoin Foundation has announced an agreement with BitGo, one of the largest crypto holders on the market. Neither company has given details, but two cases can be speculated: The Litecoin Foundation will provide a direct deposit wallet to customers, or it may be the Litecoin Foundation itself that will store its own money on BitGo. The second case seems to be more likely, as BitGo has supported LTC deposits.

Cardano News

IOHK CEO Charles Hoskinson made some big predictions about the next decade of crypto in a recent AMA. Charles also shared some of the leading technological advances he hoped. Also, he made a bold statement; by the end of the 2020s, Cardano is likely to become the most dominant cryptocurrency in space.

Binance News

The world’s largest cryptocurrency exchange Binance has launched its validator on Loom Network’s Basechain to help secure DPoS network along with over 21 other validators.

Moreover, users can earn monthly rewards directly to their Binance account by hodl LOOM on the exchange.

Besides, Binance adds support for Loom (LOOM) staking, starting from 2020/01/04 at 00:00 AM UTC and distributes Loom staking rewards.

Binance will support the upcoming PIVX network upgrade

Binance will support the forthcoming PIVX network upgrade. Deposits and withdrawals of PIVX will be suspended before the PIVX network block height of 2,153,200 selected to execute the update, estimated to occur on 2020/01/06 (UTC). The trading of PIVX will not be affected during the upgrade.

Isolated Margin Mode Now Available on Binance Futures

Binance announced that we had released Isolated Margin Mode on Binance Futures. Users will now be able to switch between Cross Margin Mode and Isolated Margin Mode.

This new feature allows traders to allocate their margin resources to an open position, avoid confusion between positions, and minimize unnecessary losses.

Binance.US joins the Executive Committee of the Chamber of Digital Commerce 

Binance.US officially joined the Digital Chamber of Commerce as a member of the Executive Committee. The purpose is to promote education, advocacy, and regulatory development across the sector.

Binance.US prioritizes close cooperation with policymakers, regulators, and industry peers.

VeChain News

The year 2019 has witnessed the marked improvement of VeChain, with the use cases of more and more businesses, significant technical advances such as updating governance models, branching partnerships on a global scale, and the recent release of VeChain Whitepaper 2.0.

To show its appreciation for the support of the community, VeChain Foundation (VF) announced the 2019 community contributor awards.

The award is specifically designed to reward the positive and loyal community. Prizes are open to any community member who makes a positive contribution to the VeChain ecosystem, with nominations and voting made entirely by the community.

Tron News

TRON Encyclopedia, TRC20 smart contract deployment, has been used in more than 20 categories like games & wallets. Smart contract calls have been made over 400 million times.

Moreover, 4 out of the top 5 Dapps are built on the TRON network on the Dapps overall ranking list, according to Dapp.com.

Ethereum News

The Ethereum block times have reduced from 17 seconds to 12.69 seconds, about 25%. Ethereum’s new supply also increased by about 25% due to the impact of the difficulty bomb’s delay.

Ethereum block reward, January 2020

There has been a leap in the number of newly mined coins, increasing from about 10,000 ETH to 12,000 ETH.

PAX News

Whale Alert reported that more than 30 million PAX have just been printed at PAX Treasury.

At the same time, nearly 30 million PAX (~ $ 30 million) were transferred.

Crypto Brief Jan.04 PAX 1

Source: Twitter

Many users expect to stimulate a round of BTC price pump.

Crypto Brief Jan.04 PAX 2

Source: Twitter

Other News

Exchange tokens 2019

2019 was a year of Exchange tokens; most of the assets have shown positive price dynamics and good returns.

These types of exchange-related cryptocurrency assets dominated the top 5 of the top 40 cryptocurrencies by market cap, bringing investors the highest returns last year.

Top 5 includes two altcoins are Chainlink (+502%) and Tezos (+169%), and three exchange tokens are Binance Coin, HuobiToken, and OKEx’s OKB. BNB, HT, and OKB bring investors with ROI of 135%, 155%, and 285%, respectively.

Longfin CEO pays $ 400k to the SEC for alleged fraudulent charges

Fintech CEO Longfin Venkata S. Meenavalli has reached a fee agreement with the US Securities and Exchange Commission (SEC) on allegations of fraud.

Meenavalli agreed to pay $ 400,000 under both Disgorgement and penalties related to Regulation A + 2017 that the SEC considered fraudulent, according to the SEC press release on Jan. 3. Longfin delisted from Nasdaq in May 2018 and closed in November of the following year.

SEC complains against Longfin, then maintained by South New York District Court in indictment in October 2019, revolves around Longfin’s claim to be regulated and operated in the United States and counterfeit commodities transactions accounted for 90% of the company’s 2017 revenue.

Burger King Venezuela partnered with CryptoBuyer

Burger King Venezuela has confirmed a new partnership with CryptoBuyer through Instagram. The fast-food giant informed 124,000 followers that customers can now pay with popular cryptocurrencies, including Bitcoin, Ethereum, Litecoin, Dash, Binance Coin, Ethereum, and Tether.

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