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TON’s Value to Surpass $20B Over 5 Years, Says New Research

Telegram Open Network’s value is expected to surpass $20 billion over a five-year horizon, according to Decentral Park Capital's research. Telegram Open Network’s (TON) value is expected to surpass $20 billion over a five-year horizon, according to a new research by New York-based blockchain venture and digital assets fund Decentral Park Capital. “A sleeping giant awakens”The 59-page document — titled “The Current State of Telegram Open Network. A sleeping giant awakens” — states that TON’s native cryptocurrency Gram (GRM) can possibly become one of the top 10 protocol assets in five years. The research points out TON’s high potential, stressing that it can serve as a gateway for crypto assets and related apps to “bank the unbanked” as well as become the first discovery platform for Web 3.0 applications, “akin to the App Store for Web 2.0.” Three major challengesHowever, TON is yet to address a number of internal and external issues in order to introduce its highly promising tech..

A Deep Dive into the Intrinsic Value of the NEXO Token...

The article is penned by Charles Edwards. He is an investor in mispricing and reports on stock & crypto news, strategies and opportunities as they arise. This is a shortened version of the full article on Medium. You can follow Charles on Twitter (@caprioleio) and Medium (@charleswedwards). Estimating the Value of the Nexo Token Cryptocurrencies are notoriously difficult assets to value. The vast majority don’t provide the investor with tangible cash flows, but because the NEXO Token pays out dividends, cash-flow based valuation can be used to identify its fair value. Building off Part One of this series, “The NEXO Token is a 30c Dollar”(found here), this article makes an estimate of the fair value of the NEXO Token based on the net present value (NPV) of forecast dividend payments and given the information that is publicly available today. The valuation finds that the NEXO Token has a fair value of $0.26. At a current trading price of $0.077, the NEXO Token offers the intelligent ..

Is Bitcoin a Store of Value? Experts on BTC as Digital...

Crypto experts’ take on the question: Is the leading cryptocurrency, Bitcoin, really a good store of value and can we call it “digital gold”? It’s hard to tell who was the first to coin — pun intended — Bitcoin (BTC) as “digital gold,” underlining the idea that Bitcoin is a good store of value. The phrase possibly came into more widespread use after The New York Times journalist Nathaniel Popper's book, "Digital Gold," was published in 2015. Google searches for the term “Bitcoin digital gold” peaked in December 2017, when the leading cryptocurrency’s price hit record highs around $20,000 per coin. For thousands of years of human history, people have used precious metals — namely copper, silver and gold — to fulfill the main functions of money: a unit of account, a medium of exchange and a store of value. Well before Bitcoin was born, computer scientist Nick Szabo wrote a proposal for “bit gold,” laying out a concept for secure digital money that is often referred to as Bitcoin’..

Bitcoin is Actively Switching From a Medium of Exchange to a...

From Bitcoin’s latest updates, Bitcoin has smashed another record once again. The amount of Bitcoin supply which has not been moved or touched has peaked at an all-time high of 21.6%. This amount of Bitcoin hasn’t been moved or touched in five years. Recently, Matt Odell from Tales Of The Crypt podcast tweeted: ” ‘The amount of Bitcoin (BTC) supply that has been untouched (i.e. not transferred) for at least five years recently reached an all-time high. This potentially signals that BTC is increasingly becoming a store of value, as opposed to a medium of exchange.’ coinmetrics.substack.com/p/coin-metrics… “. Bitcoin News Today – Bitcoin: A Medium of Exchange Or A Store Of Value? The actual amount of unmoved Bitcoin would be around 3,847859 Bitcoins. According to Matt, citing a research carried out by Coinmetrics, this new feat is an indication that Bitcoin is gradually becoming a store of value and not a medium of exchange. From the research by Coinmetrics, they shared a method of how ..

Cardano (ADA) Wrestles to Retain Market Value But The Bear Grip...

At the beginning of the year, crypto traders and investors have been anticipating the “alt season”, a season for Altcoin to outdo Bitcoin. The Cryptocurrency markets have been in a wrestle between those who are in doubt between that political interests might affect Bitcoin and Altcoins, and believers, who have trust that technology will win. Altcoin continues to fall in both USD value and Bitcoin trading value. The pressure on Alts has help Bitcoin paves through resistance. Cardano has provided a return on investment (ROI) of almost 1500%. Despite its current market value, Cardano has been listed for trading on leading cryptocurrency exchange including Bittrex, Upbit, Binance, and Crytopia. Cardano has the potential to become among the leading cryptocurrencies globally, even ahead of the current market leaders, Bitcoin and Ethereum. The most active exchange that is trading Cardano currently is Binance. Cardano News Today – Cardano Price Prediction – ADA Latest News – Cardano Latest Up..

Republic of Georgia Exempts Cryptocurrencies From Value-Added Tax

Republic of Georgia rules to exempt cryptocurrencies from value-added tax. Republic of Georgia has exempted cryptocurrencies from value-added tax (VAT), as Bitcoin.com reported on July 13. Per the report, Georgia’s finance minister Nodar Khaduri recently signed a bill aimed at regulating the taxation of entities that trade or mine cryptocurrencies. The bill entered into force at the end of June. The definition of decentralized currency that the bill puts forward is reportedly the following: “Cryptocurrencies are digital assets that are exchanged electronically and based on a decentralized network. Their exchange does not require a reliable intermediary and they are managed using distributed ledger technology.” With the introduction of the bill, residents of the country can exchange cryptocurrencies for fiat currency without the transaction being subjected to VAT. Still, Khaduri pointed out that the Georgian lari will remain the legal tender in Georgia and that — just like foreign fiat..

CME Bitcoin Futures Record $1.7 Billion High in Notional Value

The CME has announced two new record figures regarding its BTC futures: 6,069 open contracts and a $1.7 billion notional value. The Chicago Mercantile Exchange (CME) Group has announced more record-breaking highs for bitcoin (BTC) futures in an official Twitter post on June 28. The futures in question are standardized contracts that bind a party to buying or selling bitcoin at some set time after signing. According to the post, CME Bitcoin futures hit $1.7 billion in notional value traded on June 26, a 30% increase from its last recorded high. The open interest for BTC futures now sits at 6,069 contracts, reportedly as a result of institutional interest. New CME bitcoin futures record. Source: Twitter A week prior, on June 21, CME bitcoin futures broke $10,000, according to data on TradingView. Just one day prior to that, on June 20, the CME Group posted another record high of 5,311 open futures contracts totalling 26,555 BTC — approximately $280 million at press time. The value of ..

Max Keiser: Altcoin Phenomenon Finished, Value Will Flow Into Bitcoin

American broadcaster and known bitcoin bull Max Keiser suggested that the cryptocurrency market rally will not include altcoins. American broadcaster and known bitcoin (BTC) bull Max Keiser suggested that the cryptocurrency market rally will not include altcoins in a recent interview with CNBC Keiser said that with the development of the cryptocurrency space and adoption of Segregated Witness (Segwit) and the Lightning protocol, people began to better understand the store of value bitcoin offers, as well as scaling that would happen off chain. This, per Keiser, made crypto owners move their funds back into “the most secure chain [bitcoin].” Keiser further projected that altcoins are going to pennies or even out of existence, because “all that cash is going to flow into bitcoin.” He reasoned that with bitcoin’s market current dominance 60% — which Keiser purports could go to 80%–90% — “the altcoin phenomenon is finished,” he stated. Recently, veteran trader and author Peter Brandt pred..

Key Bitcoin Price Indicator Suggests $21,000 ‘Fair Value’ By End Of...

The Mayer Multiple calculates that by the time of the 2020 block reward halving, BTC/USD should have reached $30,500. The bitcoin (BTC) price is unlikely to break $40,000 in 2019, Bitcoin Knowledge podcast host Trace Mayer declared as part of new analysis on June 24. Uploading fresh readings from his price forecasting tool, the ‘Mayer Multiple,’ the serial commentator and bitcoin proponent said that current trajectory should favor an end-of-year bitcoin price of $21,000. This, while below the estimates of other industry figures such as Fundstrat’s Tom Lee, still places the largest cryptocurrency ahead of its record high set in December 2017. The Mayer Multiple is a calculation achieved by dividing the current bitcoin price by its 200-day moving average. Currently at 2.09, the metric has only seen higher readings 14.79% of the time, meaning that a giant leap to $40,000, in particular, is unwarranted. “...Very low probability of $40k in a few months,” Mayer summarized. As Cointelegraph ..

Key Bitcoin Price Indicator Suggests $21,000 ‘Fair Value’ By End Of...

The Mayer Multiple calculates that by the time of the 2020 block reward halving, BTC/USD should have reached $30,500. The bitcoin (BTC) price is unlikely to break $40,000 in 2019, Bitcoin Knowledge podcast host Trace Mayer declared as part of new analysis on June 24. Uploading fresh readings from his price forecasting tool, the ‘Mayer Multiple,’ the serial commentator and bitcoin proponent said that current trajectory should favor an end-of-year bitcoin price of $21,000. This, while below the estimates of other industry figures such as Fundstrat’s Tom Lee, still places the largest cryptocurrency ahead of its record high set in December 2017. The Mayer Multiple is a calculation achieved by dividing the current bitcoin price by its 200-day moving average. Currently at 2.09, the metric has only seen higher readings 14.79% of the time, meaning that a giant leap to $40,000, in particular, is unwarranted. “...Very low probability of $40k in a few months,” Mayer summarized. As Cointelegraph ..
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