Only 1 Chart Matters For Crypto Right Now! (It’s Not Bitcoin)

Raoul Pal and 3 experts discuss why this is the only chart that matters for crypto right now, and what it tells us about what will happen next in crypto June to September. Are you prepared?

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Dan Tapiero
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Raoul Pal
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Jurrien Timmer
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Disclaimer:
Crypto Banter is a social podcast for entertainment purposes only.
All opinions expressed by the hosts, guests and callers should not be construed as financial advice. Views expressed by guests and hosts do not reflect the views of the station. Listeners are encouraged to do their own research.

#Bitcoin #Altcoins #Trading #Crypto

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If you’re thinking about investing in cryptocurrencies, you’ve probably already heard about Bitcoin, Ethereum, Bitcoin Cash, Litecoin, and other popular cryptocurrencies. But did you know that cryptocurrencies are also used in commodity markets? Cryptocurrencies act as a virtual currency that allows users to make instant and safe value transfers online. These decentralized networks run on free open-source software, and anyone can participate in them. They have the potential to make the world a smaller place.

In addition to their immutability, cryptocurrency offers several benefits to people. Because it exists electronically, it is more secure and private than traditional currencies. Since there is no central bank or government that controls them, people can transact easily with cryptocurrency. And because there are no central banks or governments, cryptocurrency transactions cannot be manipulated or reversed. These advantages, along with many others, help cryptocurrency users to feel more secure about their finances. This technology also makes commerce cheaper, and it eliminates credit card processing fees.

Although cryptocurrencies have many benefits, they are not without risk. While oil prices didn’t change by 10% overnight from 2014 to 2018, cryptocurrencies have a higher risk of going up and down. One example is the volatility of cryptocurrencies. Oil prices didn’t change by 10% in one day in 2014; however, Bitcoin did. It fell by 25% in one day and has since stabilized. Although cryptocurrencies are highly volatile, it is important to remember that they can become worthless overnight.

During the early hours of the day, major cryptocurrency exchanges were slashing their prices. Some of the biggest names in crypto, like XRP, Cardano, and Solana, took down an additional 8 percent, while SOLANA tacked on another four percent. While these numbers may seem shocking, they don’t mean the end is near. The question is, “When does the crypto market rebound?”

Solana is a decentralized computing platform that uses SOL as a transaction currency. Solana uses proof-of-stake consensus to improve the scalability of the blockchain. It claims to process 50,000 transactions per second, and is compatible with both Bitcoin and Ethereum. Its low fees and congestion make it an attractive option for many users. Solana is a good choice for those who want to make an impact in the cryptosphere, but be careful not to jump in too quickly.

While Bitcoin has made its mark, there are many other cryptocurrencies that have popped up since. In the past year alone, more than 1,000 new cryptocurrencies have entered the cryptosphere. The number of cryptocurrencies is expected to continue to grow, and the price of cryptocurrencies may look like a bunch of similar offerings. Until the technology behind these cryptocurrencies matures, however, there is a huge potential for a boom in the industry.

As a digital currency, Bitcoin relies on blockchain technology and uses proof of work (PoW) to verify transactions. Blockchain technology works by establishing a distributed ledger system where each participating computer has a copy of the ledger, called a node. Since no single node can change information, the value of a bitcoin is determined by supply and demand. This is how the economy works, and why bitcoin is so popular among consumers.