PROMOTED BRAND: Checkdot
Secure Your Opinions On Blockchains
"Laughter is timeless. Imagination has no age. And dreams are forever."
-Walt Disney
Big News Of The Day: Bitcoin’s Taproot Upgrade is Finally Here: Went Live Successfully
Podcast Of The Day: Bankless: 92 - The Fight for the Future of Money | CryptoDad Chris Giancarlo
Video Of The Day: Altcoin Daily: The Crypto Metaverse is About To Get Out Of Control (MAJOR UPDATE)
Blog Of The Day: Taproot Has Been Activated on the Bitcoin Network – What You Need To Know
My Hot Take
The long-awaited Taproot softfork that aims to make Bitcoin more private, secure, and scalable is finally activated and 5 things to watch in Bitcoin this week:
- Weekly close leaves no room for bears
- $135,000 “still in play”
- “Bull market distribution has begun”
- Hash rate returns to all-time highs
- “Signs of froth”
The crypto market cap is up by approximately $100B in a day as bitcoin touched $66,000 and ETH is above $4,700. Binance Coin (BNB) is unloading a trend wave that could reach $1,500 within the next few months. SHIB is currently consolidating in a tight range with low volatility. This can be the precursor of a significant breakout. Chiliz (CHZ) gains 170% after launching live in-game NFTs for fan token holders and ICON (ICX) breaks out above 228-Day resistance line at $2.50.
Analyst's Corner:
Bloomberg believes Bitcoin may be the best inflation hedge around but Willy Woo says on-chain analyst doesn't show Bitcoin being all that bullish. Nicholas Merten doesn't believe it will reach $100K this year, however Crypto Birb says we will reach $100K in the next. weeks. Credible Crypto says XRP is one resistance away from rallying to new all-time high and Capo says monster rally in sight for Polkadot. Meanwhile, Geoff Lewis likens Shiba Inu to Tesla competitor Rivian.
Best Performing Top 10 Asset is: SOL - $243.82
Well that's a wrap but, continue to read, watch, and listen to the information I curate on my website. I believe you will be well positioned to benefit from the most transformative technological shift we've seen in our life time. Be STRONG and HODL on!
Promoted Brand is PEI. Get $20 and automatic cash back on all purchases in Bitcoin! Use Code: 2sdpr8 to get $10
Remember: Bitcon 2022 tickets for Apr 06-09 in Miami and Consensus 2022 is Jun 10-12 in Austin, Texas; hope to see you at both!
If you find value in this content, please share my website with those you know so they can benefit just as you have. One thing for sure, Bitcoin will without a doubt change the trajectory of your financial future.
