October 2021 has marked several milestones in the history of crypto that have led to unprecedented gains within the sector. After the launch of the ProShares Bitcoin Strategy ETF (NYSE:BITO), Bitcoin (CCC:BTC-USD) saw its prices rise to all-time highs, creating a ripple effect that sent other major cryptos up as well. While Bitcoin prices would…
Category: ETH-USD
Litecoin’s Negative Catalysts Are Likely to Keep It in a Downward Spiral
Like multiple other cryptocurrencies, Litecoin (CCC:LTC-USD) has some impressive, very useful attributes. But also like most other cryptocurrencies, Litecoin does not look well-positioned to overcome the large hurdles that the asset class faces. Source: Wit Olszewski / Shutterstock.com Additionally, Litecoin’s positive aspects will likely be offset by an important weakness. Given these points, I urge…
Polygon Is an Important Facilitator of DeFi
Polygon (CCC:MATIC-USD), previously known as the MATIC Network, has been one of the most rewarding investments this year. In the past 12 months, the cryptocurrency has gained an incredible 7,100%. Source: Shutterstock The blockchain network has proven to be highly efficient for decentralized finance (DeFi), so crypto pundits are bullish on MATIC. As it continues…
Why Cardano’s Risk-Reward Ratio Is Negative
After conducting some research on Cardano (ADA-USD), I’m more upbeat on Ethereum and ether than Cardano and Ada. Source: Shutterstock Cardano’s cryptocurrency, Ada, does have the important advantage of being much more affordable than Ethereum’s (ETH-USD) cryptocurrency, ether. And Ada is reportedly much more environmentally friendly than Bitcoin (BTC-USD). Still, Ethereum appears to have a…