Pantera Capital’s CIO: Ethereum Could Soon Be Behind 50% of All Financial Transactions

Competing blockchain projects will not overperform Ethereum, while the latter could play a significant role in the future global monetary space, said Joey Krug.

According to Joey Krug – Chief Investment Officer at digital asset investment firm Pantera Capital – Ethereum will continue to be superior to its rivals. Moreover, the exec believes Vitalik Buterin’s project could facilitate 50% of the global financial transactions in the next decade.

Trading crypto can give you much higher returns than traditional investments. Trading is the act of buying low and selling high.

There are different methods of trading:

Day trading- Traders will often buy and sell any number of financial instruments in the span of several hours and profit from speculating on short-term price movements.

Scalping- Is a trading strategy geared towards profiting from minor price changes in a stock’s price. Traders who implement this strategy place anywhere from 10 to a few hundred trades in a single day with the belief that small moves in stock price are easier to catch than large ones; traders who implement this strategy are known as scalpers.

Swing trading- Is a speculative trading strategy in financial markets where a tradable asset is held for one or more days in an effort to profit from price changes or ‘swings’. A swing trading position is typically held longer than a day trading position, but shorter than buy and hold investment strategies.

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Today's Cryptocurrency Prices 🟢 By tarmex.io

"I think that the facts and circumstances suggest they are investment contracts, they are securities, and they should register," SEC Chair Gensler stressed. #crypto #cryptocurrency https://t.co/pPpr7JHLQf

Bitcoin is about to form a death cross, but here are a few reasons why it might not be as bearish as you thought.

https://t.co/xFYx8yGi0a

Tokenized bongs are coming.

Las Vegas-based glass pipe maker to the stars Jerome Baker Designs will launch a series of bong-related #NFTs tied to corresponding physical assets early next month. https://t.co/SIOpO8Thb8

Kim Kardashian, Floyd Mayweather, and other celebrities have become the target of a new lawsuit for promoting a crypto token.

https://t.co/r2kGDLdDw1

Cryptos Seeing Green Today 🟢

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The money collected from investors was used to purchase immovable properties, #cryptocurrencies, and luxury cars, as well as pay for premium hotels and resorts. #bitcoin $BTC https://t.co/nK24FSdt1E

Seba Bank's Guido Buehler forecasted that bitcoin's price would sit between $50,000 and $75,000 sometime this year.

Central bank of #Switzerland tests wholesale #CBDC in transactions with five commercial banks. https://t.co/DswBw29fl

Eduardo Paes is looking to put 1% of Rio de Janeiro's Treasury reserves in #bitcoin.

While Miami has positioned itself as the cryptocurrency center of the USA, Rio aims to become the South American hub for the digital asset industry, Paes asserted:

“Rio de Janeiro has everything it takes to become the tech capital of South America. Events like the Rio Innovation Week come to strengthen the city’s image as the perfect place to work, live, and innovate.”

Eduardo Paes is not the first Brazilian politician to express sympathy towards the primary cryptocurrency. In November 2021, congressman Luiz Goularte Alves proposed a bill to enable public and private sector workers to be paid in #BTC

Tinkoff Bank enters the world of #cryptocurrencies with the acquisition of a Swiss crypto startup. https://t.co/4eUEeuwjfq

5% of JPMorgan’s clients surveyed expect the price of bitcoin to be $100K or more by year-end. #crypto #cryptocurrency $BTC https://t.co/rlvJSylIJm

These three innovations could push crypto even farther. https://t.co/ScsO4iK9o2

While bitcoin managed to add $1,000 in the past 24 hours, Litecoin jumped by 8% to just under $150.

Acting Comptroller Michael J. Hsu acknowledged #crypto's growing mainstream status and calls for collaboration to reduce investor risks. https://t.co/lIq91Ww6zh

Today's Cryptocurrency Prices 🔴 By tarmex.io

Following in the footsteps of Miami, Paes is also planning to establish tax incentives and discounts for residents who pay with #Bitcoin. https://t.co/vAjDfp7EjB

Kids these days: This undergrad made $1 million by selling his selfies on the OpenSea NFT marketplace. https://t.co/6kLvyMyKEO

Cardano's impressive run continues with another 13% increase on a daily scale and a more notable 30% surge in the past week.