Today's kryptonews address the potential impact of Bitcoin's increasingly limited offering, new hires for Ripple XRP, and the new update for Ethereum 2.0.
Crypto-analyst and author of “Cryptocurrencies Simply Explained,” Julian Hosp, says Bitcoin is targeting $ 1 million over the next 10 years. The signal that leads him to this opinion is the so-called stock-to-flow ratio.
This ratio calculates the current supply of a given commodity divided by the amount produced each year to predict its future value. If you use this ratio to determine where the Bitcoin price is heading, the limited supply of 21 million coins in the leading cryptocurrency is a key factor. In the short term, according to Hosp, the model shows that the Bitcoin price will rise to $ 100,000 up to $ 300,000. The reason for this is the upcoming halving of Bitcoin (“Halvening”), in which the block reward for Bitcoin-Miner will be halved in 2020.
“Suddenly, we have a lot less production … If we halve the ratio to keep it stable, Bitcoin's price must double. But we're so much lower in the stock-to-flow ratio than gold that the price should actually go up to $ 100,000 when approaching this [gold ratio] – maybe even $ 300,000. And then we would have a similar pullback as always, around $ 40,000. “
Ratio was surprisingly correct so far
As Bitcoin's offering continues to decline over the next 10 years, the Bitcoin price is expected to rise to $ 1 million, according to Hosp.
“You can see that in the whole calculation, which goes up here. Halving the bitcoin rate is always high … Obviously, we would reach one million here over time. And that's something that will be interesting in the long term. In this example, we would reach $ 1 million by 2030, which is only 10 years. “
According to Hosp, the ratio in the past has been remarkably accurate with respect to the development of the Bitcoin course.
“This stock-to-flow ratio has been 95% correct in recent years. That's crazy, if you think about it. This is such an accurate predictor. It would have predicted the bubble of 2014. This would have predicted the undervaluation of 2016. It would all have predicted … you could have seen the bubble of 2017 rise up here, and you would have seen the undervaluation now in this [past] summer. “
The Ethereum Scaling Solution Developer Prysmatic Labs has just released a new update for Ethereum 2.0.
Prysmatic outlines a number of milestones and says new developers are welcome to run tests.
“We are always looking for developers who want to help us. If you know Go or Solidity and would like to contribute to cutting-edge Ethereum research, please email us and we'll be happy to help:).
Read our guidelines and our open projects on Github. Each task and problem, together with a specific project to which it belongs, is summarized in Phase 0 milestones. “
Ripples worldwide hype continues. The company is now hiring a new Account Manager in Dubai.
. @ Ripple is #hiring a Account Manager! Apply today https://t.co/8GD3oYdXvg via @greenhouse #jobs #fintech
– Jim Chauncey-Kelly (@JChaunceyKelly) May 24, 2019
OKEx, the popular crypto exchange, has this week released a tweet pointing to a possible collaboration with Litecoin. The flash in the background has sparked speculation that OKEx may be prepared to take over Litecoin's Lightning Network.
It's about time to light up the market. @ litecoin @SatoshiLite pic.twitter.com/vpC8fLCPQ2
– OKEx (@OKEx) May 22, 2019
Paysend, a UK-based fintech company, announces the launch of a new Stablecoin on the Stellar network.
“The Paysend Coin is based directly on Stellar, which was specifically designed for asset tokenization and payments. Stellar offers real-time transactions at a fraction of the cost of other blockchain networks. “
Paysend Group details why they chose to build their assets on the #Stellar network.
(TL; DR: They were looking for the ideal place to make fast, low-cost transactions, and stellar was it.)
Press Release: https://t.co/EjxbnYlVRe
– Stellar (@StellarOrg) May 23, 2019
Tron's recent report on the platform's decentralized app ecosystem (DApp) has been released.
The new issue introduces the Aocoin Wallet, a decentralized token storage in the public TRON chain, the integration of Tronscan and TRX by MyToken, and the latest DApps in the Tron network.
Monero's core developers are reportedly preparing to switch to a new proof-of-work algorithm.
The software is being reviewed by decentralized Internet company Arweave, which announced the news about the upgrade to Cointelegraph. The audit will take place in the next two months, and if all goes well, the new proof-of-work algorithm will be up and running in October.
Author: Peter Joost – Source Post: https://www.kryptovergleich.org/prognose-bitcoin-kurs-btc-steigen-auf-1-mio-usd-plus-ripple-xrp-ethereum-litecoin-stellar-und- monero-update /
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