Crypto News Jan 29: Experts predict Bitcoin to peak at $94K this year with ICO, BNB, XRP, SAND, MATIC and LUNA news
From expert bitcoin price predictions to Internet Computer launching its first DEX, here are some of the highlights in the crypto space.
Finder experts predict BTC price in 2022, 2025 and 2030
Finder, a major product comparison website, has released 2022 Bitcoin price predictions from Finder’s Board of 33 Fintech Experts.
Experts predict that bitcoin price will peak around $94,000 before the year ends above $76,000. Furthermore, the council expects the price of the cryptocurrency to reach $192,800 in 2025 and $406,400 in 2030.
“Bitcoin is expected to peak at $93,717 this year before falling to $76,360 by the end of 2022… That’s about 60% higher than bitcoin price in early 2022.”
The council forecasts Bitcoin price in 2025 and 2030. However, their latest prediction was lower than their October forecast.
At the time of writing, Bitcoin price is $37,510.
The council expects bitcoin price to hit $192,800 by the end of 2025, down 7% from its October forecast.
The board’s Bitcoin price prediction for the end of 2030 is currently 28% down from last October’s prediction at $406,400.
“The rate hike could be the reason the board is more cautious with its forecasts than it was in October.”
Investment bank JPMorgan expects four rate hikes this year.
While some panelists argued that “a rate hike would negatively affect the crypto market,” some believed it was time to buy BTC, including Finder founder Fred Schebesta.
The Dfinity Foundation has announced the launch of Sonic, the first online DEX exchange on the Internet Computer (ICP) network.
On January 23rd, the first version of DEX Sonic went live, where users could exchange tokens and earn rewards for providing liquidity. Initially, there were only three pools supporting transactions: ICP/WICP (the token representing ICP), ICP/XTC, and WICP/XTC. Liquidity provider rewards are available in the WICP/XTC pool.
— DFINITY Foundation (@dfinity) January 22, 2022
Michael Less, CEO of the Dfinity Foundation, shared that Sonic plans to redefine what it really means to be a dApp. The DEX has a transaction time of less than a second and runs entirely on ICP’s public blockchain network with no gas fees. At the same time, Sonic’s main focus right now is its integration with Ethereum, which is expected in the third quarter of this year.
BNB, Binance Smart Chain’s native token, survived the recent crypto bloodbath and is up 4% overnight.
The biggest DeFi hack to hit Qubit Finance pulled $80 million worth of crypto from the Ethereum-BSC bridge, but had no negative impact on the token’s price.
At the time of publication, hackers are holding $80 million worth of BNB in their wallets.
Analysts have assessed Binance Coin’s price action and predicted a bull run for this altcoin. CryptoTony users believe that Binance Coin’s demand zone is currently being tested. Once holding this zone, the analyst predicted that the price of Binance Coin could surge to $504.
The source: Twitter
According to data from crypto tracker Whale Alert, crypto exchange Bitso was involved in the transfer of 36.1 million XRP more than eight hours ago.
According to additional data from analytics platform Bithump, which tracks XRP transactions, 20 million XRP were first transferred to Bitso, then 16.1 million XRP between the exchange’s internal wallets.
News LUNA, SAND, MATIC
A massive crypto whale just joined a $23.9 million altcoin buying spree.
Blockchain transaction tracker WhaleStats revealed that an unnamed Ethereum wallet bought 135,000 Terra (LUNA) for $6.72 million.
Terra is a public blockchain protocol that underpins a number of decentralized stablecoins. The ninth-ranked crypto asset is now up 1.6% on the day and is priced at $52.6.
The fourth richest whale wallet also bought 5 million virtual world tokens from The Sandbox for $17.2 million.
Sandbox is up 9.8% and is trading at $3.77.
WhaleStats reports that there is also excitement for Polygon Layer 2 Scaling Solution (MATIC), which is up 5.6% and is valued at $1.70.
A single unnamed Ethereum whale made four separate polygon purchases totaling nearly $6.2 million in a single day:
At the time of writing, this whale’s polygon net worth is worth more than $24.2 million.
International cryptocurrency payments company Visa announced during its recent conference call that users of its platform have transacted a total of approximately $2.5 billion via tokens linked to the currency.
This is already 70% more than the total transactions made using crypto tokens in fiscal 2021 – an indication of the level of adoption in the digital asset industry this year.
According to CEO Vasant Prabhu, Visa has seen increased crypto trading volume despite market volatility.
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