Best printers for Home

Best Mixer Grinder

Best wired Earphones

Best 43 Inch TV in India

Best Wi Fi Routers

Best Home Theatre in India

Smart Watch under 5000

Best Laptops for Education

Best Laptop for Students

<ul><li><keyword id="11207036" type="General" weightage="20" keywordseo="polkadot" source="Orion">Polkadot</keyword>’s price hit an all-time high of $51.47 today.</li><li>The rally in the Polkadot’s coin, DOT, comes amid the impending vote that will allow parachain auctions on the network.</li><li>If approved, DOT developers will be able to register their projects on the parachain and get funding for their projects from within the community.</li></ul> Polkadot’s coin, DOT, hit an all-time high of $51.47 today, according to <a href="https://coinmarketcap.com/currencies/polkadot-new/">CoinMarketCap</a>. Polkadot’s <keyword id="11907719" type="General" weightage="20" keywordseo="crypto-price" source="Orion">crypto price</keyword> has been going ‘to the moon’ in expectation of an upgrade that will allow a parachain auction. <div type="image" title="DOT_1M_graph_coinmarketcap." msid="87484659" hostid="261" caption="&amp;lt;p&amp;gt;DOT&amp;#39;s price over the past one month&amp;lt;/p&amp;gt;"></div> A parachain is an individual blockchain on the Polkadot ecosystem. Parachain auctions, in turn, allow DOT developers to register their projects on a parachain and get crowd loan funding for their projects — provided the governing Polkadot Council gives the idea its green light. Simply put, it’s how developers can score their own slot, to build their own use case, within the Polkadot network. <div type="twitter" handle="Polkadot" handlename="Polkadot" image="http://pbs.twimg.com/profile_images/1389823228533739522/-Tj2WF_6_normal.jpg" favoritecount="6433" retweetcount="1450" status="The motion to enable parachain registration and crowdloans has passed Polkadot's council and gone to a public refer… https://t.co/iSPSUlhiRt" createdat="1635772619000" id="1455161952783814656"></div> At the time of writing this article, the vote is a <a href="https://polkadot.polkassembly.io/referendum/42">unanimous</a> ‘aye’ with a little more than 19 hours left on the clock. If approved, Polkadot’s very first batch of parachains is set to go on for five weeks, with one auction every week. Overall, there will be 11 auctions released in two batches. <div type="image" title="polkadot vote" msid="87484770" hostid="261" caption="&amp;lt;p&amp;gt;Polkadot&amp;#39;s vote on the referendum to upgrade the network to v9122&amp;lt;/p&amp;gt;"></div> <cmsannotation type="cmsannotation" annotationid="What’s the big deal about parachain auctions?" comment="subhead" text="What’s the big deal about parachain auctions?">What’s the big deal about parachain auctions?</cmsannotation> Parachain auctions would open the flood gates to a host of new use cases — 11 in total. It will also up the competition to allow better and more efficient projects to come into the fold. <cmsannotation type="cmsannotation" annotationid="wazirx" comment="wazirx" text="wazirx">wazirx</cmsannotation> One of the unique characteristics about the Polkadot network is that it allows arbitrary data — not just tokens — to be transferred across blockchains. Polkadot doesn’t place any restrictions on how a parachain can be designed, except that it runs on the Polkadot blockchain. This means any project that gets listed can have its own design, governance process and be optimised for its specific use case. It can be a private network or a public one, for enterprises or communities, or simply a platform for others to build applications on top of it. Picasso, for instance, raised almost $45 million dollars as a parachain for Kusama — Polkadot’s canary network, akin to a sandbox environment where developers can experiment with their code. Its goal is to “deliver a comprehensive decentralised finance ecosystem to Polkadot.” Simply put, it’s a platform where other developers can churn out DeFi applications. The co-founder of Polkadot, Gavin Wood and Robert Habbermeir, announced that the network is ready to support its first parachain during the sub0 Online conference, on October 13. After which, the proposal to allow parachain auctions was submitted by the governance member Joe Petrowski to the Polkadot Council. At the time of writing this article, Polkadot’s coin is down to $48.16. According to <a href="https://www.fxstreet.com/cryptocurrencies/news/polkadot-price-to-provide-last-buy-opportunity-before-dot-hits-100-202111010300">FXStreet</a>, this is to be expected and may be followed by DOT making a bull run of 100% to $95, with the possibility of a run-up to the $100 psychological level. SEE ALSO: <a href="https://www.businessinsider.in/cryptocurrency/news/after-amitabh-bachchan-and-rajinikanth-sunny-leone-becomes-the-first-indian-actress-to-venture-into-nft/articleshow/87480829.cms">After Amitabh Bachchan and Rajinikanth, Sunny Leone becomes the first Indian actress to venture into NFT</a> <a href="https://www.businessinsider.in/cryptocurrency/news/squid-game-cryptocurrency-trading-at-to-0-scammers-make-2-1-million/articleshow/87479063.cms">Squid Game cryptocurrency trading at $0, scammers make $2.1 million</a> <a href="https://www.businessinsider.in/cryptocurrency/news/facebooks-metaverse-announcement-is-giving-blockchain-games-a-boost/articleshow/87465794.cms">Facebook’s Metaverse announcement is giving blockchain games a boost</a>

Polkadot hits a new all-time high of $51 ahead of its very first parachain auctions getting approved

<ul><li><keyword id="2810876" type="General" weightage="20" keywordseo="ethereum" source="Orion">Ethereum</keyword> and <keyword id="6354947" type="General" weightage="20" keywordseo="bitcoin" source="Orion">Bitcoin</keyword>, two of the biggest cryptocurrencies in the market, are set to at least double their price before the end of the year, according to analysts.</li><li>The rally for Bitcoin is predicted to stem from more ETFs coming into the market, giving the cryptocurrency more legitimacy as an investment asset.</li><li><keyword id="6361649" type="General" weightage="20" keywordseo="goldman-sachs" source="Orion">Goldman Sachs</keyword> pegs Ethereum to hit $8,000, in-line with breakeven inflation.</li></ul>After hitting a new all-time high in October, analysts are betting on Ethereum and Bitcoin to double in value before the end of year. The analyst behind <keyword id="4058937" type="General" weightage="20" keywordseo="plan-b" source="Orion">Plan B</keyword>, who correctly predicted the price of Bitcoin in September and came very close in October, believes that Bitcoin will reach $98,000 this month itself and go on to breach $135,000 in December. <div type="twitter" handle="100trillionUSD" handlename="PlanB" image="http://pbs.twimg.com/profile_images/1407223894600302594/gBUVNH89_normal.jpg" favoritecount="41468" retweetcount="7407" status="Aug $47K✅Sep $43K✅Oct $61K new monthly close ATH!✅Ok ok, 3% rounding error .. close enough for meNext targets:… https://t.co/Oeg9tYomal" createdat="1635724960000" id="1454962054297788417"></div> This is in-line with other price predictions for Bitcoin that banking on the world’s oldest cryptocurrency. <a href="https://www.businessinsider.in/cryptocurrency/news/bitcoin-will-double-to-100000-by-early-next-year-and-ether-could-hit-as-much-as-35000-in-the-long-run-standard-chartered-says/articleshow/86041760.cms">Standard Chartered</a>, for instance, pegs that Bitcoin will hit $100,000 in 2021 or early 2022. <div type="Article" hostid="261" msid="87259108" title="Bitcoin’s rally is far from over — these analysts are betting on the world’s largest cryptocurrency to more than double in value by the end of year" mstype="2" mssubtype="0"></div> Meanwhile, global investment bank, Goldman Sachs, estimates that Ethereum’s price is set to reach $8,000 by year-end — higher than what a recent panel of 50 cryptocurrency experts, put together by <a href="https://twitter.com/100trillionUSD/status/1454962054297788417?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1454962054297788417%7Ctwgr%5E%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Fcryptopotato.com%2Fbitcoin-to-reach-98k-this-month-according-to-s2f-creator-planb%2F">Finder</a>, predicted at $5,000. <cmsannotation type="cmsannotation" annotationid="wazirx" comment="wazirx" text="wazirx">wazirx</cmsannotation> <cmsannotation type="cmsannotation" annotationid="The push for Bitcoin to double in value" comment="subhead" text="The push for Bitcoin to double in value">The push for Bitcoin to double in value</cmsannotation> After the first ever Bitcoin-based exchange traded fund (ETF) hit the New York Stock Exchange (NYSE), the money from institutional investors has been flooding in. According to <a href="https://coinshares.com/research/digital-asset-fund-flows">CoinShare</a>’s weekly report, crypto investment products saw inflows of $288 million for the week ending on October 31 — Bitcoin accounted for 93% of it at $269 million. The cryptocurrency, which turned 13 years old on October 31, is up by 112% this year so far and hit the all-time high of $67,000 in October. Analysts expect the cryptocurrency to rise further with more ETFs coming in, giving a boost to Bitcoin’s legitimacy at least as an investment asset, not an actual medium of exchange. <div type="image" title="BTC_YTD_graph_coinmarketcap." msid="87489994" hostid="261" caption="&amp;lt;p&amp;gt;Bitcoin&amp;#39;s price year-to-date from January 1 to November 2&amp;lt;/p&amp;gt;"></div> <cmsannotation type="cmsannotation" annotationid="Ethereum price to rise in-line with breakeven inflation" comment="subhead" text="Ethereum price to rise in-line with breakeven inflation"><keyword id="10625239" type="General" weightage="20" keywordseo="ethereum-price" source="Orion">Ethereum price</keyword> to rise in-line with breakeven inflation</cmsannotation> Goldman Sachs' prediction for Ethereum to breach $8,000 is based on the second-largest cryptocurrency’s historical correlation to inflation. According to the banking behemoth, cryptocurrencies have traded in-line with inflation breaks — the difference between the yield of a nominal bond and an inflation-linked bond of the same maturity — since 2019. “It has tracked inflation markets particularly closely, likely reflecting the pro-cyclical nature as a ‘network based’ asset. And the lastest spike in inflation breakevens suggests upside risk if the leading relationship of recent episodes was to hold (grey circles),” said the note. According to an analysis by blockchain data firm <a href="https://www.businessinsider.in/investment/news/ethereum-may-offer-the-best-returns-but-investors-have-been-pulling-away-over-the-last-two-weeks/articleshow/87137546.cms">Kaiko</a>, Ethereum has offered higher returns than Bitcoin with respect to market risk over the past one year. As compared to this time last year, the cryptocurrency’s price is up by 1,000% — leaving not just Bitcoin, but other major cryptocurrencies, in the dust. <div type="image" title="ETH_YTD_graph_coinmarketcap." msid="87490025" hostid="261" caption="&amp;lt;p&amp;gt;Ethereum&amp;#39;s token, Ether&amp;#39;s price year-to-date from January 1 to November 2&amp;lt;/p&amp;gt;"></div> <cmsannotation type="cmsannotation" annotationid="Ethereum’s price rally" comment="subhead" text="Ethereum’s price rally">Ethereum’s price rally</cmsannotation> The rally in Ethereum has been aided by the growth of decentralised finance (DeFi), which is touted for its probable disruption of the international monetary system by eliminating the need for middlemen like banks, remittance providers and other players. Moreover, the boom in non-fungible tokens (NFTs) has all seen a host of new projects use ether and jump onto the Ethereum blockchain. Ethereum’s protocol is currently in the midst of an upgrade from the proof-of-work (PoW) to the proof-of-stake (PoS) consensus method, which is expected to reduce the energy consumed for mining — validating transactions — by 99%. <div type="Article" hostid="261" msid="85028472" title="Ethereum 2.0 will consume less energy — but it may also mean less profit for miners" mstype="2" mssubtype="0"></div> <cmsannotation type="cmsannotation" annotationid="Challenges that lie ahead for Ethereum" comment="subhead" text="Challenges that lie ahead for Ethereum">Challenges that lie ahead for Ethereum</cmsannotation> Ethereum’s growth trajectory is not without its challenges. The time taken for the community to agree on the upgrade left opportunity for other blockchains to pop up — like Cardano, Solana, Polkadot and others — each claiming to solve either for high transaction fees, energy consumption or transaction times. Some of the participants in Finder’s panel of 50 cryptocurrency experts expect that their ‘Ethereum Killers’ could run up to win their fair share of the DeFi and NFT market from Ethereum. Bitcoin, however, is expected to continue its reign as the biggest player of the crypto world — at least for the time being. In view of the coming wave, banks and financial institutions in the US have been on a crypto hiring spree. Over the past three years, they have onboarded more than 1,000 crypto experts. Currently, financial institutions are offering significant bonuses to attract even more talent their way, according to <a href="https://www.bloomberg.com/news/articles/2021-11-01/wall-street-is-amassing-a-crypto-army-and-paying-up-for-recruits?sref=BWbpWjRm">Bloomberg</a>. Indian technology companies and crypto exchanges are also on the lookout for crypto talent. The demand for talent has jumped over the last 8-10 months with more than 12,000 job openings on the docket in October, according to a report by Bangalore-based staffing specialist Xpheno cited by the <a href="https://economictimes.indiatimes.com/tech/startups/a-war-of-wages-is-on-for-experts-in-crypto-tech-in-india/articleshow/86982097.cms">Economic Times</a>. Since the Supreme Court lifted the ban on cryptocurrencies in 2020, interest in blockchain technology has seeped back into the country, despite the Reserve Bank of India’s (RBI) attempts to dissuade investors. <a href="https://brokerchooser.com/education/crypto/crypto-countries">BrokerChooser</a>, an investment broker comparison company, pegs that there are currently 10.07 crore crypto owners in India — reportedly higher than everywhere else in the world. SEE ALSO: <a href="https://www.businessinsider.in/cryptocurrency/news/polkadot-hits-a-new-all-time-high-of-51-ahead-of-its-very-first-parachain-auctions-getting-approved/articleshow/87484392.cms">Polkadot hits a new all-time high of $51 ahead of its very first parachain auctions getting approved</a> <a href="https://www.businessinsider.in/cryptocurrency/news/after-amitabh-bachchan-and-rajinikanth-sunny-leone-becomes-the-first-indian-actress-to-venture-into-nft/articleshow/87480829.cms">After Amitabh Bachchan and Rajinikanth, Sunny Leone becomes the first Indian actress to venture into NFT</a> <a href="https://www.businessinsider.in/cryptocurrency/news/squid-game-cryptocurrency-trading-at-to-0-scammers-make-2-1-million/articleshow/87479063.cms">Squid Game cryptocurrency trading at $0, scammers make $2.1 million</a> <a href="https://www.businessinsider.in/cryptocurrency/news/facebooks-metaverse-announcement-is-giving-blockchain-games-a-boost/articleshow/87465794.cms">Facebook’s Metaverse announcement is giving blockchain games a boost</a>

Two of the biggest cryptocurrencies in the crypto market are set to double in value this year, according to analysts

<ul class="summary-list"><li><keyword id="11893902" type="UNKNOWN" weightage="60" keywordseo="bitcoin" source="Orion">Bitcoin</keyword> will hit as much as $100,000 by early 2022, <keyword id="6356454" type="UNKNOWN" weightage="60" keywordseo="standard-chartered" source="Orion">Standard Chartered</keyword> predicted on Tuesday.</li><li><keyword id="11896271" type="UNKNOWN" weightage="60" keywordseo="ether" source="Orion">Ether</keyword> could hit as much as $35,000, but bitcoin would have to reach $175,000 to attain that level, the team said.</li><li>"While potential returns may be greater for ETH than for BTC, risks are also higher," they added.</li></ul><a href="https://markets.businessinsider.com/currencies/btc-usd">Bitcoin</a> will surge 115% from current levels to $100,000 either late this year or early next year, and could reach $175,000 in the long term, Standard Chartered's cryptocurrency research team has forecast.The bank's team said it "structurally" values bitcoin between the range of $50,000 to $175,000. "Cyclically, we expect a peak around $100,000 in late 2021 or early 2022," they said in a note Tuesday.It also sees the current price of <a href="https://markets.businessinsider.com/currencies/eth-usd">ethereum's</a> native token rising tenfold to between $26,000 to $35,000. No time period was specified for the price target.That range "may appear high compared to the current ETH price, but we think the current price reflects both the relative complexity of ETH (versus BTC) and the uncertainty around ETH's development," StanChart's Geoff Kendrick, Christopher Graham, and Melissa Chan said in the note."In other words, while potential returns may be greater for ETH than for BTC, risks are also higher," they added.For ether to hit that range, bitcoin would need to trade towards the upper end of its valuation range at $175,000, the StanChart team said. <a href="https://markets.businessinsider.com/news/currencies/bitcoin-ether-price-el-salvador-leverage-liquidation-exchange-glitches-crypto-2021-9">Bitcoin was last trading around $46,160</a> on Wednesday, regaining some ground after <a href="https://markets.businessinsider.com/news/currencies/bitcoin-ether-price-plunges-same-day-el-salvador-adopts-cryptocurrency-2021-9?utm_source=markets&amp;utm_medium=ingestgest">Tuesday's sell-off</a> that came alongside El Salvador's bumpy rollout of the cryptocurrency as legal tender. Ether consolidated losses at $3,387, according to data from <a href="https://www.coindesk.com/data/">CoinDesk</a>. "As a medium of exchange, BTC may become the dominant peer-to-peer payment method for the global unbanked in a future cashless world," the StanChart team said.The ethereum network, which underwent a <a href="https://markets.businessinsider.com/news/currencies/ethereum-london-hard-fork-eip-1559-network-upgrade-ether-price-2021-8" target="_blank" rel="noopener noreferrer">major upgrade</a> last month, offers smart contracts that promise to cut out middlemen in financial services. But other networks, such as cardano, are developing the capacity for smart contracts, which automatically execute a specified process once defined rules are met. The Asia-focused bank's team said they used credit-card company transactions and market valuations as a reference point for their analysis.Using a "financial market versus currency" analogy, they looked at credit-card providers' market capitalization versus potential transactions in the unbanked sector to arrive at their <keyword id="11893206" type="UNKNOWN" weightage="60" keywordseo="bitcoin-price" source="Orion">bitcoin price</keyword> valuation. For ether, they said they compared the value of global banks against the value of global credit-card companies."Rather than being akin to a currency like bitcoin, (ethereum) is more akin to a financial market in which non-linear financial transactions such as lending, insurance and exchanges can operate," they said.Read More: <a href="https://www.businessinsider.com/altcoins-crypto-investing-strategy-bullish-outlook-polkadot-cardano-solana-21shares-2021-9">A research analyst at a $2 billion crypto firm lays out the bull case for polkadot that most investors are overlooking - and shares why cardano's ada is looking overvalued after a stellar run</a>

Bitcoin will double to $100,000 by early next year - and ether could hit as much as $35,000 in the long run, Standard Chartered says

<ul class="summary-list"><li><keyword id="11893902" type="UNKNOWN" weightage="60" keywordseo="bitcoin" source="Orion">Bitcoin</keyword> surged to a five-month high above $57,000 Monday to outperform the broader crypto sector.</li><li>The altcoin market is down overall, with ripple, cardano, polkadot, and dogecoin trading lower.</li><li>Elsewhere, the dogecoin spinoff shiba inu rallied 19% Monday, gaining 265% over the past seven days.</li></ul><a href="https://markets.businessinsider.com/currencies/btc-usd">Bitcoin</a> surged to a five-month high on Monday, climbing back above $57,000 to outperform the broader cryptocurrency sector.The digital currency claimed an intraday high of $57,776 before paring gains to trade up 3.48% at $57,331 as of 12:50 p.m. ET Monday. The largest cryptocurrency by market capitalization hit a record high of $65,000 in April. Tim Frost, the CEO of the digital-wealth-management platform Yield App, couldn't point to one particular reason behind the rally. Catalysts could include the Securities and Exchange Commission's recent approval of an <a href="https://markets.businessinsider.com/news/currencies/bitcoin-etf-exchange-traded-fund-sec-cryptocurrency-volt-sec-gensler-2021-10">exchange-traded fund made up of stocks with bitcoin exposure</a>, growing institutional adoption of the digital asset, and the daily settlement hitting $31 billion worth of transactions for the first time last week, he said.But bitcoin could be headed for another short-term dip."Analysts are predicting a potential cool off, with bitcoin potentially falling to the $40,000 support level before continuing on the upwards trajectory to test the previous all-time high," Frost said in a note.A technical analysis by Adam James, a senior analyst at the cryptocurrency exchange OKEx, showed bitcoin's four-hour ribbon of exponential moving averages was providing support. But he said the deeply negative Grayscale Bitcoin Trust premium for Grayscale's banner product may hinder the sustainability of this rally.Meanwhile, the wider altcoin market is down, with <a href="https://markets.businessinsider.com/currencies/xrp-usd">ripple</a>, <a href="https://markets.businessinsider.com/currencies/ada-usd">cardano</a>, <a href="https://markets.businessinsider.com/currencies/dot-usd">polkadot</a>, and <a href="https://markets.businessinsider.com/currencies/doge-usd?utm_source=markets&amp;utm_medium=ingestgest" target="_blank" rel="noopener">dogecoin</a> trading lower. But <a href="https://markets.businessinsider.com/currencies/eth-usd">ether</a> and <a href="https://markets.businessinsider.com/currencies/xlm-usd">stellar</a> are both exhibiting modest gains.Also bucking the general downturn is shiba inu, which was trading 19% higher on Monday to $0.00003212. In the past seven days, the dogecoin spinoff has climbed a dizzying 265%.The token was founded last year, with its anonymous creator dubbing it a "meme token," and explicitly mimicked dogecoin."Shiba inu is a ridiculous meme coin of a ridiculous meme coin that most investors and indeed average people balk at," Frost told Insider. "The price seems to be on the rise now following a huge dump on Thursday, when a lot of whales decided to offload onto the market."

Bitcoin surges to a 5-month high above $57,000, outperforming wider crypto sector

<ul class="summary-list"><li>Bitcoin slid by about 7% on Thursday, pushing it near the $50,000 threshold, well off recent record highs.</li><li>Analysts said the expiration of more than $5 billion in bitcoin options contracts may be causing volatility.</li><li>The price of ether also fell, along with the <keyword id="6359140" type="ORGANIZATION" weightage="60" keywordseo="binance">Binance</keyword> coin, Polkadot, Cardano's ADA, and Ripple's <keyword id="6221313" type="UNKNOWN" weightage="60" keywordseo="xrp">XRP</keyword>.</li></ul>Bitcoin fell on Thursday by as much as 6.7%, to $50,440.17, as retail-investor interest slipped and the options market triggered volatility.<a href="https://markets.businessinsider.com/currencies/btc-usd">Bitcoin</a> is down by about 17% from the record high of $61,742.41 reached earlier in March. But it's still up roughly 672% over the past year.Analysts suggested a reason for bitcoin's fall was that more than $5 billion worth of options <a href="https://www.bybt.com/options">expire on Friday</a>, adding to volatility as investors close out their positions.Options are contracts that let investors bet on which way the price will go without having to trade the digital currency itself.The unwinding of contracts and some investors trying to push the price lower to make money from their bets against bitcoin in the options market "have led to spot-selling pressure into quarter-end," Shane Ai, the head of research and development at the crypto exchange Bybit, told Insider.He also said that Tesla's announcement on Wednesday about <a href="https://www.businessinsider.com/elon-musk-tweets-you-can-buy-a-tesla-with-bitcoin-2021-3">accepting bitcoin as payment</a> - after which the <keyword id="4948040" type="PERSON" weightage="60" keywordseo="bitcoin-price">bitcoin price</keyword> spiked above $57,000 - had caused some investors to sell their coins and make a profit.After bitcoin's meteoric rise, a growing number of investors have predicted a fall.Ari Paul, the founder of BlockTower Capital, <a href="https://twitter.com/AriDavidPaul/status/1374853303767605251?s=20">tweeted</a> on Wednesday that bitcoin falling back to about $40,000 "is plausible and I'll likely be buying there." He said there were "too many people positioned for immediate upside continuation."Bobby Lee, the founder of the crypto exchange BTCC, <a href="https://www.cnbc.com/2021/03/22/bitcoin-btc-may-hit-300000-but-bubble-could-burst-after-peak-bobby-lee.html">told CNBC</a> on Monday that bitcoin could reach $300,000 before the "bubble" pops. "People should be aware that it could fall as much as 80% to 90% of its value from the all-time peak," he said.<a href="https://markets.businessinsider.com/currencies/eth-usd">Ether</a>, the second-biggest cryptocurrency, also slid on Thursday by about 6%, to $1,614. The Binance coin, Polkadot, Cardano's ADA token, and Ripple's XRP <a href="https://coinmarketcap.com/">were down</a> by 3% to 13%.Justin d'Anethan, the head of exchange sales at the Nasdaq-listed crypto firm Diginex, told Insider that the recent <a href="https://www.businessinsider.com/stock-market-today-global-shares-coronavirus-jerome-powell-janet-yellen-2021-3">sell-off in the stock market</a> had likely spread to cryptocurrencies too."With concerns around the economic recovery, doubts about recent employment data, and infection rates ticking up, investors seem to have transferred some of their equities holdings into cash. Crypto investors likely did the same," he said.However, many bitcoin advocates have pointed to growing <a href="https://www.businessinsider.com/bitcoin-btc-institutional-interest-cryptocurrencies-wall-street-tesla-microstrategy-jpmorgan-2021-3?utm_source=markets&amp;utm_medium=ingestgest">institutional interest</a> as a reason bitcoin is unlikely to crash as it has in the past. <a href="https://markets.businessinsider.com/currencies/news/visa-to-enable-bitcoin-purchase--says-ceo-al-kelly-9926283?utm_source=markets&amp;utm_medium=ingestgest">Visa</a>, <a href="https://markets.businessinsider.com/currencies/news/bitcoin-morgan-stanley-to-offer-wealthy-clients-btc-fund-access-2021-3-1030221077?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingestm=ingest">Morgan Stanley</a>, and <a href="https://www.businessinsider.com/jpmorgan-crypto-exposure-product-bitcoin-btc-wall-street-interest-2021-3?utm_source=markets&amp;utm_medium=ingestgest">JPMorgan</a> are some of the latest big names to get involved.

Bitcoin tumbles 7%, pushing it near $50,000 threshold as retail-investor interest wanes

<a href="https://www.businessinsider.com/category/master-your-crypto"></a><div type="image" title="Ethereum logo in front of an ascending line chart" height="600" width="800" msid="94499789" hostid="261" sizebytes="13162"></div><ul class="summary-list"><li>Ethereum recently revamped its protocol from a proof-of-work to a proof-of-stake model.</li><li>Industry analysts have predicted that this upgrade could triple current Ethereum staking yields.</li><li>Here's how staking will change in light of Ethereum's Merge — and what that means for returns.</li></ul>Ethereum's <a href="https://markets.businessinsider.com/news/currencies/ethereum-merge-explained-blockchain-update-cryptocurrency-bitcoin-crypto-eth-vitalik-2022-9">long-anticipated Merge</a> on <a href="https://markets.businessinsider.com/news/currencies/crypto-news-ethereum-finalizes-merge-upgrade-vitalik-buterin-says-bitcoin-2022-9">Thursday, September 15</a> — where the blockchain transitioned its protocol from a proof-of-work to the much more energy-efficient proof-of-stake consensus model — will certainly be immortalized as one of the <a href="https://www.businessinsider.com/crypto-ethereum-dev-merge-one-most-historic-events-blockchain-upgrade-2022-8">most important events in crypto history</a>. It represents the next evolution of digital assets and future growth in the space, according to Thomas Perfumo, head of strategy at Kraken, which is currently the <a href="https://coinmarketcap.com/rankings/exchanges/">fourth largest cryptocurrency exchange</a> in the world.There's another reason the Merge was so important, Perfumo told Insider — eventually, it will single-handedly increase the total market cap of staked crypto assets from 25% to 30% to over 50%.For context, proof-of-work protocols like Bitcoin verify blockchain transactions by having miners <a href="https://www.businessinsider.com/personal-finance/proof-of-work">solve computation puzzles</a>, while proof-of-stake systems like those employed by Solana, Cardano, and Polkadot <a href="https://www.businessinsider.com/personal-finance/staking-crypto">choose validators at random who've staked</a> — or locked up their crypto assets — for upwards of two to three weeks. While validators are randomly chosen, they're more likely to be selected if they have a bigger stake and they've held their stake for a longer period of time than others.<h2>How investors make money from staking</h2><a href="https://www.businessinsider.com/personal-finance/yield-farming#is-yield-farming-safe?-">Similar to holding a dividend stock</a>, investors who stake their cryptocurrencies are theoretically able to benefit in two ways — from the underlying asset's price appreciation, and from the additional reward they earn each time they verify a transaction, known as the annual percentage rate, or APR.Because Ethereum validators also earn <a href="https://www.investopedia.com/terms/g/gas-ethereum.asp#:~:text=Gas%20fees%20are%20payments%20made,spend%20on%20a%20particular%20transaction.">gas fees</a>, higher transaction volumes mean a higher yield. And since each block only has a fixed number of rewards, the reward rate dwindles as the total number of validators and staked cryptos competing for those rewards increases.Since validators take risks through their exposure to the underlying asset, investors shouldn't buy crypto solely for its potential APR, Perfumo said. "But if you have conviction in Ethereum over your time horizon and you feel like staking offers you a way to increase the rewards on the asset while you hold it, it sounds like a good idea," he added.Before the Merge, Ethereum holders were able to stake on its Beacon Chain, with one big caveat — they were unable to withdraw their assets, which means the percentage of Ethereum staked has only grown over time. But withdrawals should be allowed once the Shanghai fork of the Merge is complete within the next six to nine months, Perfumo estimates.While theoretically, every crypto holder can <a href="https://ethereum.org/en/staking/">stake by themselves</a> as opposed to staking on an exchange, in practice, it's much harder to solo stake because validators have to constantly monitor the software or risk paying an inactivity penalty. Ethereum also requires all solo validators to <a href="https://ethereum.org/en/staking/">hold at least 32 ether</a> before they can stake, and costs of nodes and servers can quickly add up, said Perfumo.On the other hand, exchanges like <a href="https://www.kraken.com/en-us">Kraken</a> and <a href="https://lido.fi/">Lido</a> — which take a fee on yield — allow users to contribute an amount of their choice, and can also minimize slashing penalties through redundancy mechanisms. Because Lido gives users one derivative ETH token for every ether they stake, users are even able to unstake their coins by simply trading back the two currencies. But since these exchanges effectively manage custody of a user's assets, Perfumo emphasized the importance in choosing a trusted exchange to minimize counterparty risk.Lido currently lists its Ethereum APR as 3.8%, while Kraken advertises its Ethereum yearly rewards rate ranging between 4% to 7% due to variability between transaction demand and validator supply, Perfumo explained. He added that rewards differ between blockchain protocols since newer ones might offer higher base yields to circulate currency supply, while more mature networks with large validator networks like Ethereum offer a smaller percentage of new tokens relative to total supply.<h2>Stakers will now earn all the rewards post-Merge</h2>One of the biggest post-Merge takeaways is that the pool of rewards for validators has now increased substantially, said AD, a pseudonym used by Lido's head of marketing and community."The yields are expected to go up because the fees that used to flow to miners will now come to the stakers," he explained to Insider. "You're going from a yield that's currently around 3.8% — it varies a little bit — but our modeling shows that it will potentially double or even triple." Lido's estimates are in line with <a href="https://www.businessinsider.com/ethereum-merge-ether-price-staking-yield-surge-prediction-crypto-outlook-2022-4">estimates made earlier this year</a> by other crypto analysts that post-Merge staking yields could swell to between <a href="https://twitter.com/LucasOutumuro/status/1499869282846797827?s=20&amp;t=bo62vL6HbqN4a5GRlV1aUA&amp;utm_campaign=Weekday%20Genesis%20Market%20Update%20Emails%20-%20non%20DCG&amp;utm_medium=email&amp;_hsmi=208578585&amp;_hsenc=p2ANqtz-_PmV79oXZWDlLATy3Zfl18Qb1DhUKp4UNK2BZMc2I-Io9vx5XyUzzHvogNL5lvYm4RA72-Dup7ht7InjZhUspSDG68yA&amp;utm_content=208578585&amp;utm_source=hs_email">7%</a> to <a href="https://twitter.com/litocoen/status/1503299334942740487?s=20&amp;t=zLgRNxBl5ysAbax9CI4Myg&amp;utm_campaign=Weekday%20Genesis%20Market%20Update%20Emails%20-%20non%20DCG&amp;utm_medium=email&amp;_hsmi=208578585&amp;_hsenc=p2ANqtz-_bqOUhm9PKDIkeAxWZex84O9qyP8mJJpaGcdtLiLs3uQWWRuHRfksQ9i1QTyXF3djgUD8CBFiG-v_h6VAE60BD-5s7mQ&amp;utm_content=208578585&amp;utm_source=hs_email">15%</a>.However, Perfumo says that the exact post-Merge rewards rates are difficult to predict, especially as ether becomes more liquid in a few months."If people are allowed to unstake, the reward rate is going to be more variable, in the sense that it can go up and down, depending on how many people are staking. It's possible that over time, the reward rate may skew to the downside because the liquidity of being able to unstake encourages people to stake," he explained.Additionally, platforms might lower reward rates to compensate for the fact that mining is much higher in energy consumption than staking. "You don't have to have such a big incentive model to encourage validators to work on the platform," Perfumo said.Since he believes that Ethereum rewards may not necessarily increase post-Merge, Perfumo emphasized that investors should still keep their personal time horizons in mind when it comes to Ethereum staking, and only consider staking if they're comfortable with locking down their assets for at least another six months.This article is intended to provide generalized information designed to educate a broad segment of the public; it does not give personalized investment, legal, or other business and professional advice. Before taking any action, you should always consult with your own financial, legal, tax, investment, or other professional for advice on matters that affect you and/or your business.

Here's what Ethereum's Merge means for investors who want to generate extra cash flow from crypto staking, according to 2 industry experts

<ul class="summary-list"><li><keyword id="6355315" type="UNKNOWN" weightage="60" keywordseo="elon-musk">Elon Musk</keyword> said <keyword id="1985091" type="PERSON" weightage="60" keywordseo="dogecoin">dogecoin</keyword> could ironically be the future of <keyword id="2420795" type="PERSON" weightage="60" keywordseo="cryptocurrencies">cryptocurrencies</keyword>.</li><li>But he told his followers to be careful, saying it would be "unwise" to invest too much.</li><li>The Tesla boss has been a key driver of 2021's wild cryptocurrency boom.</li></ul>Elon Musk said <a href="https://markets.businessinsider.com/currencies/doge-usd">dogecoin</a> could ironically be the future of cryptocurrencies, which could themselves become the currencies of the world.Despite the bold claim, the Tesla billionaire struck a somewhat measured tone in a <a href="https://twitter.com/elonmusk/status/1390522866979033092?s=20">tweet</a> to his millions of followers on Friday: "Cryptocurrency is promising, but please invest with caution!"Musk linked to a <a href="https://www.youtube.com/watch?app=desktop&amp;v=u_U_dOOI9usI9us">video</a> from the celebrity news website TMZ in which he said: "First of all, I think people should not invest their life savings in cryptocurrency. To be clear, I think that's unwise."Musk added: "If you want to sort of, you know, speculate and kind of like, I don't know, maybe have some fun, I mean, it's like, there's a good chance that crypto is the future currency of Earth."Asked about dogecoin, the meme asset that has rallied more than 25,000% over the past year to become the <a href="https://markets.businessinsider.com/currencies/news/dogecoin-price-rally-eclipses-xrp-4th-largest-crypto-doge-2021-5-1030391242">fourth-biggest cryptocurrency</a>, Musk said the point was that it "was <a href="https://www.businessinsider.com/what-is-dogecoin-2013-12">invented as a joke</a>, essentially to make fun of cryptocurrency.""Fate loves irony," he said, adding: "What would be the most ironic outcome? That the currency that was invented as a joke in fact becomes the real currency."Musk acknowledged the problems with dogecoin. Asked whether dogecoin's unlimited supply posed a danger to its price compared with <keyword id="6354947" type="UNKNOWN" weightage="60" keywordseo="bitcoin">bitcoin</keyword>, which has a fixed supply, Musk said, "Yes, it does." But he later repeated the mantra of dogecoin investors: "To the moon!"Musk, the cofounder and chief executive of the electric-car company Tesla and the world's <a href="https://www.bloomberg.com/billionaires/">second-richest person</a>, has been at the center of 2021's wild boom in cryptocurrencies.Tesla's announcement in February that it had <a href="https://markets.businessinsider.com/currencies/news/tesla-buys-bitcoin-elon-musk-stock-accept-form-of-payment-2021-2-1030055107?utm_source=markets&amp;utm_medium=ingestgest">bought $1.5 billion worth of bitcoin</a> laid the foundations for a monster rally in the famous crypto asset. And Musk's frequent tweets about dogecoin have been perhaps the main driver of the buzz around the meme token.<a href="https://markets.businessinsider.com/currencies/news/dogecoin-record-high-doge-elon-musk-snl-cryptocurrencies-2021-5-1030390457">Analysts have said</a> the recent breakneck rally in dogecoin was partly because of people trying to get in before Musk's appearance on "Saturday Night Live," where many predict he will riff on cryptocurrencies.Read more: <a href="https://www.businessinsider.com/crypto-investing-vc-polkadot-ethereum-kr1-defi-projects-trends-watch-2021-5" target="_blank" rel="noopener">A crypto VC firm that made an early investment in Ethereum is betting big on Polkadot. The founders explain why dot could overtake ether - and flag 2 promising DeFi projects that should be on your radar.</a>

Elon Musk says dogecoin might be the future of cryptocurrencies - but tells fans they should still invest carefully

<ul class="summary-list"><li>Global shares held on near record highs on Friday morning, eyeing a strong end to the week.</li><li>Analysts are bracing for May US nonfarm payroll data after last month's big miss. </li><li><keyword id="2420795" type="PERSON" weightage="60" keywordseo="cryptocurrencies">Cryptocurrencies</keyword> stumbled across the board after Elon Musk's <keyword id="6354947" type="UNKNOWN" weightage="60" keywordseo="bitcoin">bitcoin</keyword> 'break up' tweet.</li></ul>Global stocks eyed an upbeat end to the week on Friday, trading near record highs ahead of the highly anticipated monthly update on US jobs, with investors braced for another possible surprise after April's big miss.<a href="https://markets.businessinsider.com/futures/s&amp;p-500-futures?utm_source=markets&amp;utm_medium=ingestm=ingest">S&amp;P 500</a> and <a href="https://markets.businessinsider.com/index/nasdaq_100?utm_source=markets&amp;utm_medium=ingestgest">Nasdaq</a> futures were last up 0.04% at 4:22 a.m. E.T., but <a href="https://markets.businessinsider.com/futures/dow-futures?utm_source=markets&amp;utm_medium=ingestgest">Dow Jones</a> futures were 0.03% lower. On Thursday, US stock <keyword id="31671" type="CITY" weightage="100" keywordseo="markets">markets</keyword> closed lower after a strong ADP reading of a 978,000 increase in private payrolls, and as initial weekly jobless claims fell to a post-pandemic low. The ISM services and manufacturing index rose. The positive economic indicators lead into Friday's reading on US nonfarm payrolls in May, which analysts are predicting to be a much stronger read than for April. Last month, investors were surprised by a sharp slowdown in hiring, which left many uncertain whether the huge miss was a fluke or a sign of drag in the economic recovery.While the consensus reading is 650,000, according to reports, Deutsche Bank analysts are expecting the jobs data to reflect an increase of around 800,000. They anticipate the US unemployment rate will fall to a post-pandemic low of 5.9%.Concerns about inflation and an overheating economy will however persist, Jim Reid, research strategist at Deutsche Bank said in a note. "Even if the +800k jobs growth were realised, that would still leave nonfarm payrolls more than 7m beneath their pre-Covid peak, which would back up Fed Chair Powell's argument that he wants to see a 'string' of good jobs numbers before the Fed starts to pare back its support." he said. At last check, the US Treasury yield was almost flat at 1.628%.Cryptocurrencies stumbled on Friday morning after an overnight tweet from Elon Musk led <a href="https://markets.businessinsider.com/currencies/news/bitcoin-price-elon-musk-tweets-potential-split-broken-heart-emoji-2021-6-1030494264">many to think he was "breaking up" with bitcoin</a>. <a href="https://markets.businessinsider.com/currencies/btc-usd">Bitcoin</a> was last valued at $36,779.59, after dropping 5.22% in the 24 hours to 4:49 a.m. E.T. Ether, the second-largest cryptocurrency, was down 7.12%, trading at $2,627.15. Most smaller cryptocurrencies followed their slide lower. Binance's BNB token fell 8.8%, dogecoin lost 13.5%, XRP decreased 9%, and polkadot shed 11.5%, over a 24-hour period. European markets inched lower early Friday. The German <a href="https://markets.businessinsider.com/index/dax">DAX</a> was last down 0.03%, the <a href="https://markets.businessinsider.com/index/euro_stoxx_50">Euro Stoxx 50</a> slipped 0.11%, and the UK's <a href="https://markets.businessinsider.com/index/ftse_100">FTSE 100</a> declined 0.25%. Travel and leisure stocks in the UK lost ground after the government trimmed Portugal, a key vacation destination for British tourists, from its Covid-safe travel list.Despite economic indications of post-pandemic recovery in the UK, many sectors are still struggling, Michael Hewson, chief market analyst at CMC markets commented in a note. "This week's PMIs have ... shown a sharp rise in inflationary pressures, as higher costs due to supply and demand imbalances prompted the biggest rise in prices since 1996," he said.Asian markets had a mixed session overnight. The Japanese <a href="https://markets.businessinsider.com/index/nikkei_225?utm_source=markets&amp;utm_medium=ingestgest">Nikkei 225</a> closed 0.4% down after strong household spending data. Meanwhile, Hong Kong's <a href="https://markets.businessinsider.com/index/hang_seng">Hang Seng</a> index fell by 0.12%, and China's <a href="https://markets.businessinsider.com/index/shanghai_composite">Shanghai Composite</a> gained 0.21%. On Thursday, President Biden signed an updated order banning US investment into 59 Chinese military and surveillance companies, which put pressure on individual stocks on the list.<keyword id="6359072" type="UNKNOWN" weightage="60" keywordseo="oil">Oil</keyword> prices continued to rise on Friday after reaching their highest levels in two years earlier in the week. <a href="https://markets.businessinsider.com/commodities/oil-price">Brent</a> crude was last trading at $71.71 per barrel, up 0.56%, while <a href="https://markets.businessinsider.com/commodities/oil-price?type=wti">WTI</a> crude gained 0.58% to reach $69.21 per barrel.

You Searched For "polkadot price prediction" and got 9 results

Polkadot hits a new all-time high of $51 ahead of its very first parachain auctions getting approved

Prabhjote Gill

Two of the biggest cryptocurrencies in the crypto market are set to double in value this year, according to analysts

Prabhjote Gill

Bitcoin will double to $100,000 by early next year - and ether could hit as much as $35,000 in the long run, Standard Chartered says

Shalini Nagarajan

Bitcoin surges to a 5-month high above $57,000, outperforming wider crypto sector

Isabelle Lee

Bitcoin tumbles 7%, pushing it near $50,000 threshold as retail-investor interest wanes

Harry Robertson

Here's what Ethereum's Merge means for investors who want to generate extra cash flow from crypto staking, according to 2 industry experts

Lisa Kailai Han

Elon Musk says dogecoin might be the future of cryptocurrencies - but tells fans they should still invest carefully

Harry Robertson

Global shares eye upbeat end to week as investors look for strong US jobs data, while cryptocurrencies struggle

Sophie Kiderlin

How to invest as the conflict in Ukraine intensifies: A complete guide to protecting your portfolio as global markets react to Russia's invasion

Business Insider

Popular Keywords

Buying Guides