HOME CATEGORIES WRITE AND EARN 🔍
CATEGORIES WRITE AND EARN MORE

CRYPTO NEWS

Your favorite crypto news blog

Highly-Anticipated Bitcoin Price Post-Halving Push Expected To Come About In Q4 2020

Bitcoin 2020/07/16 07:42 by Vincent Mislos
As Halving Draws Near, Here are the Top Three Bitcoin Price Predictions by Experts

Analyst and partner at Placeholder VC Chris Burniske said that even if summer turns out to be dull for cryptocurrencies, fall and Q4 2020 could turn out to be beyond anyone’s expectations.

Burniske listed all possible milestones that the crypto markets could achieve within the next 5 months. 

Bitcoin Post-Halving Push?

Bitcoin price did not increase immediately after the halving of May. However, if history is to repeat itself, it would take around 10 months for significant price action to happen.

Still a number of price predictions point to a value appreciation for Bitcoin. Bloomberg is predicting a $20,000 revisit by December. PlanB’s Stock-to-Flow model predicts $30,000. PlanB famously said he would throw the model away if the prediction does not happen.

Ethereum Proof-of-Stake Phase 0

If all stars align, we could expect Ethereum 2.0’s Phase 0 to happen this year. During Phase 0, the Beacon Chain will implement PoS mechanisms and manage the registry of validators within the network. There won’t be transactions, smart contracts, or even Dapps running during this Phase.

However, it seems Phase 0 would not even happen before the year ends, as one Ethereum Foundation’s researchers thought Project Beacon won’t go live until at least early 2021, but his assertion has been countered by Vitalik Buterin who says the first phase of Ethereum 2.0 will launch this year.

Libra Launching?

Chris Burniske listed Libra’s launch as one of the ‘crazy’ things that could happen by Q4 2020. Libra had changed its original vision. From aiming to be a global cryptocurrency, it would now be enabling stablecoins representing fiat currencies. Pressure from governments around the world changed the course of the Libra Foundation, who vowed to not launch without an ‘OK’ from regulators.

Libra is supposed to launch this year. However, Mark Zuckerberg refused to commit to a 2020 launch when he was interviewed by Japanese publication Nikkei.

DeFi at $5 Billion?

The value on DeFi has exploded north of $2.5 billion as of press time with Compound dominating at 27.84%. Will this $2.5 billion market double its value by Q4 2020? The excitement around DeFi has not shown signs of ceasing and with Ethereum 2.0 currently delayed, DeFi is driving the narrative for the world’s second-largest cryptocurrency.

Chris Burniske also cited the upcoming U.S. elections to have an effect on the crypto market, just like it has an effect on practically every decision the world is going to make in the next few years.

On the Twitter replies to Burniske, many listed other upcoming milestones, such as Paypal’s foray to cryptocurrency and Coinbase’s possible stock market listing by Q4 2020.

Burniske finally said that it’s also possible that summer will also be exciting for crypto, “depending on where you sit in the crypto layers.”

0 Like(s)



You should also read...

Altcoins 25/11/19 17:25 by Brenda Ngari
86% Of Ethereum Holders Are Now At Loss – Will The Booming DeFi Be The Savior For ETH?
A precipitous slump in the crypto market like the one witnessed on Friday after China announced its renewed crackdown on crypto-related activities in the country is bound to further demoralize the ma...
Read More
Altcoins 30/11/19 22:30 by Cole Petersen
Will Ethereum’s Fundamentals Propel it Higher? Analysts are Conflicted
Ethereum has been closely tracking Bitcoin’s price action over the past several days and weeks, with BTC leading ETH to put some significant distance between its current price levels and recent lows...
Read More
Crypto 25/06/20 22:05 by Adrian Klent
Coinbase supports Compound (COMP) shortly after Binance listing
Starting today, Ethereum token Compound (COMP) is now available on the Coinbase platform. In a blog recently posted to the exchange’s official medium page, Coinbase announced that the 24th most...
Read More
Crypto 06/07/20 05:00 by Nick Chong
This Unexpected Metric Shows That Crypto Is in a Booming Bull Market
It’s been hard for some to say that crypto is in a bull market. Despite Bitcoin rallying by over 150% from March’s $3,700 lows, it remains below crucial resistance levels at $10,500 and be...
Read More
Altcoins 03/01/21 02:40 by Nick Chong
Here’s Why Analysts Think Ethereum Will Soon Move Toward $800
Ethereum has underperformed Bitcoin as BTC has pushed past $33,000 today. ETH is up 8% in the past 24 hours while BTC has gained over 11%. Despite the relative underperformance, analysts soon think th...
Read More