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DDCT #74 - 11/4/2021 (The best altcoins to buy with a $500 budget)
#Bitcoin #ETHER #altcoin
I'd like to welcome everyone to my new PODCAST
Dave's Daily Crypto Take
In this channel I will be providing you with news on a daily basis about cryptocurrency, bitcoin, blockchain, FIAT.
My main purpose is to share UNBIASED news and updates. Ultimately I learn and hopefully you learn while I go on this journey.
ARTICLES used in today's video:
https://ambcrypto.com/metaverse-mania-axs-mana-enj-sand-show-no-signs-of-stopping/
Metaverse mania: AXS, MANA, ENJ, SAND show no signs of stopping
The crypto-verse is not new to overnight pumps that send coins to the moon. Over the last one week Metaverse tokens have enjoyed rather hyped rallies and quite a bit of social media attention, as social media giant Facebook announced its ‘Meta’ rebrand.
As the Meta mania took over, MANA led the race of gains, followed by SAND, ENJ, and lastly the gaming giant Axie Infinity (AXS).
Like any other hyped phenomenon, as the Meta hype gained momentum, naturally traders and investors sought to jump in on the bandwagon. However, with most of the aforementioned alts already at a price ATH, what could be the right strategy going forward and how are Metaverse tokens looking?
https://au.finance.yahoo.com/news/the-best-altcoins-to-buy-with-a-500-budget-213044853.html
The best altcoins to buy with a $500 budget
Bitcoin's soaring value can make it seem an overwhelming investment prospect, but there are other cryptocurrencies - or altcoins - out there for the budget conscious to start a portfolio.
So, what are altcoins? It means alternate coin, or not a Bitcoin.
The basic structure for altcoins and Bitcoins is similar. However, numerous things distinguish the two from each other. Altcoins were built after the success of Bitcoin, but the rules were somewhat modified for altcoins, so they attract specific users.
https://ambcrypto.com/73000-is-a-reasonable-price-target-for-bitcoin-say-jp-morgan-strategists/
$73,000 is a ‘reasonable’ price target for Bitcoin, say JP Morgan strategists
Many analysts have predicted that Bitcoin is set to hit $100k either by year-end or early next year. British bank Standard Chartered had also stated earlier that Bitcoin could surge to $100,000 in 2022, and could be worth more than $175,000 in the longer term.
https://cointelegraph.com/news/survey-finds-lower-paid-workers-are-quitting-jobs-thanks-to-crypto-profits
Survey finds lower paid workers are quitting jobs thanks to crypto profits
Data suggests that some low-paid members of the workforce are quitting their jobs after making life-changing crypto gains.
Analytics firm Civic Science posted survey results (weighted according to U.S. census data) on Nov. 1, which shows that 4% of 6741 respondents aged 18 and over had quit their jobs in the past year due to “financial freedom” earned by investing in crypto assets.
Civic then cross-referenced the 4% figure with data from 1,201 respondents based on their annual income who had quit their jobs due to crypto gains.
https://ambcrypto.com/looking-beyond-the-hype-around-bitcoin-etfs/
Looking beyond the hype around Bitcoin ETFs
Bitcoin over the years has managed to gradually but successfully seep into the stock market; the best example being the Grayscale Bitcoin Trust (GBTC). But the pertinent question here is- how well has it actually fared?
Bitcoin and ETFs
Bitcoin Exchange Traded Funds (ETFs) were one of the most awaited arrivals in the crypto space for a long time. After it came into being, a huge impact on the Bitcoin market was registered.
In the first week of the launch, inflows were soaring, touching about $1.46 billion. However, by the very next week, the hype lost steam, and inflows merely brought in $287 million.
https://alternative.me/crypto/fear-and-greed-index/
https://coinmarketcap.com/
Please subscribe, like, and share so that more and more people can view this content.
DISCLAIMER: I will never give any financial advice. And my channel is not considered official Financial Advice. Please do your research before purchasing any cryptocurrency.
Thank you very much
Dave
Support this podcast at — https://redcircle.com/daves-daily-crypto-take/donations
View all episodes
By Dave D#Bitcoin #ETHER #altcoin
I'd like to welcome everyone to my new PODCAST
Dave's Daily Crypto Take
In this channel I will be providing you with news on a daily basis about cryptocurrency, bitcoin, blockchain, FIAT.
My main purpose is to share UNBIASED news and updates. Ultimately I learn and hopefully you learn while I go on this journey.
ARTICLES used in today's video:
https://ambcrypto.com/metaverse-mania-axs-mana-enj-sand-show-no-signs-of-stopping/
Metaverse mania: AXS, MANA, ENJ, SAND show no signs of stopping
The crypto-verse is not new to overnight pumps that send coins to the moon. Over the last one week Metaverse tokens have enjoyed rather hyped rallies and quite a bit of social media attention, as social media giant Facebook announced its ‘Meta’ rebrand.
As the Meta mania took over, MANA led the race of gains, followed by SAND, ENJ, and lastly the gaming giant Axie Infinity (AXS).
Like any other hyped phenomenon, as the Meta hype gained momentum, naturally traders and investors sought to jump in on the bandwagon. However, with most of the aforementioned alts already at a price ATH, what could be the right strategy going forward and how are Metaverse tokens looking?
https://au.finance.yahoo.com/news/the-best-altcoins-to-buy-with-a-500-budget-213044853.html
The best altcoins to buy with a $500 budget
Bitcoin's soaring value can make it seem an overwhelming investment prospect, but there are other cryptocurrencies - or altcoins - out there for the budget conscious to start a portfolio.
So, what are altcoins? It means alternate coin, or not a Bitcoin.
The basic structure for altcoins and Bitcoins is similar. However, numerous things distinguish the two from each other. Altcoins were built after the success of Bitcoin, but the rules were somewhat modified for altcoins, so they attract specific users.
https://ambcrypto.com/73000-is-a-reasonable-price-target-for-bitcoin-say-jp-morgan-strategists/
$73,000 is a ‘reasonable’ price target for Bitcoin, say JP Morgan strategists
Many analysts have predicted that Bitcoin is set to hit $100k either by year-end or early next year. British bank Standard Chartered had also stated earlier that Bitcoin could surge to $100,000 in 2022, and could be worth more than $175,000 in the longer term.
https://cointelegraph.com/news/survey-finds-lower-paid-workers-are-quitting-jobs-thanks-to-crypto-profits
Survey finds lower paid workers are quitting jobs thanks to crypto profits
Data suggests that some low-paid members of the workforce are quitting their jobs after making life-changing crypto gains.
Analytics firm Civic Science posted survey results (weighted according to U.S. census data) on Nov. 1, which shows that 4% of 6741 respondents aged 18 and over had quit their jobs in the past year due to “financial freedom” earned by investing in crypto assets.
Civic then cross-referenced the 4% figure with data from 1,201 respondents based on their annual income who had quit their jobs due to crypto gains.
https://ambcrypto.com/looking-beyond-the-hype-around-bitcoin-etfs/
Looking beyond the hype around Bitcoin ETFs
Bitcoin over the years has managed to gradually but successfully seep into the stock market; the best example being the Grayscale Bitcoin Trust (GBTC). But the pertinent question here is- how well has it actually fared?
Bitcoin and ETFs
Bitcoin Exchange Traded Funds (ETFs) were one of the most awaited arrivals in the crypto space for a long time. After it came into being, a huge impact on the Bitcoin market was registered.
In the first week of the launch, inflows were soaring, touching about $1.46 billion. However, by the very next week, the hype lost steam, and inflows merely brought in $287 million.
https://alternative.me/crypto/fear-and-greed-index/
https://coinmarketcap.com/
Please subscribe, like, and share so that more and more people can view this content.
DISCLAIMER: I will never give any financial advice. And my channel is not considered official Financial Advice. Please do your research before purchasing any cryptocurrency.
Thank you very much
Dave
Support this podcast at — https://redcircle.com/daves-daily-crypto-take/donations