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August 9, 2022
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The alts are crazy! Will the bubble burst? – Bitcoin Radio # 40 –

I greet you cordially after the Christmas break. I hope you managed to get a break from cryptocurrencies and from all other potential problems. This week has been particularly quiet in terms of high-profile and relevant market news. However, all altcoins were very surprised, as they started to grow in spite extremely fast pace. Why are these altos crazy?

The alts are crazy!

Looking at the weekly achievements of some altcoins, we can easily see that the altcoin season is already in full swing. Brands such as Bittorent, Tron and Ripple are doing great lately, and Ethereum itself has attempted to jump to its ATH.

At the same time, we come to the topic of the potential price that BTC may reach during this uptrend. Looking at all the indicators, the analyst Kaleo concluded that this time Bitcoin will reach a price of up to $ 100,000. This is another forecast that we can include in the Coffee Grounds Corner. Every analyst seems to have an opinion on what the maximum valuation of the king of cryptocurrencies will be. Let us recall that earlier we had also heard forecasts that were much less optimistic – some assumed the level of USD 75-90 thousand.

Interesting signals also come from the ETH market. It turns out that the number of coins on centralized exchanges has reached the lowest level since 2019. There are several reasons for this tendency. DeFi protocols may be responsible for this. Currently, the value of funds blocked in them reaches record values. The second reason may be ETH2.0 staking, which is also very popular. Let us remind you that the current high prices of Ethereum fees should be conducive to maintaining ETH on exchanges – users, however, prefer their own cold wallets.

Bitcoin Radio # 40

Remember that Bitcoin Radio is available weekly on major streaming platforms. New episodes on always appear on Tuesday!

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