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Revolut, a fintech company with a $33 billion valuation that offers cryptocurrency buying as part of its services, is looking to launch its own cryptographic token, according to two people with knowledge of the plans.

One of the people CoinDesk spoke with said Revolut is working on something like an exchange token, such as Binance’s BNB, as opposed to creating a stablecoin.

“It’s a ‘Revolut users earn a token’ type of thing, similar to Wirex and Nexo,” the person said, referring to the card issuer’s WXT token and the crypto lender’s NEXO, respectively.

In terms of the timing of a Revolut token launch, the source said this is subject to approval from the U.K.’s Financial Conduct Authority (FCA). A second source said Revolut’s token launch plans were focused on Europe and other locations outside the U.S. for the time being.

Revolut declined to comment.

Relative to the other large fintech players dabbling in crypto, launching a token would seem to set Revolut apart from the pack.

Accelerated embrace

London-based Revolut recently announced it would be paying for a WeWork membership in Dallas, Texas, in bitcoin. The firm, which already holds a European Union banking license, also announced it had secured a U.S. broker-dealer license in order to compete in the retail capital markets space with firms like Robinhood.

Similar to rivals like Robinhood and PayPal, Revolut added the means to buy and hold a variety of cryptocurrencies within its fintech and banking app, but without the sort of functionality afforded to users who buy and trade on crypto exchanges.

Revolut now has more than 16 million customers worldwide and sees over 150 million transactions per month. The firm has been an enthusiastic supporter of cryptocurrency and offers users exposure to over 50 tokens.

In an earnings call in June, Revolut said crypto services make up about 20% of its revenue.

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Investing hard-earned fiat isn't the only way to gain more crypto. 

Seasoned investors also stake their crypto for high annual percentage rates and yields across various platforms. Staking basically involves locking up a portion of your crypto for a set time, similar to a bank deposit, to help maintain a blockchain and earn more cryptos as a reward. But unlike traditional high-yield savings accounts, which have interest rates that can still put you in the negative after factoring in inflation these days, crypto staking can result in ridiculously high gains. 

There's just one catch. Okay, at least four catches. First, the returns aren't in fiat. Instead, they are usually in the form of the crypto staked or the platform's token, and so their values against the dollar can fluctuate wildly. Second, you'll need to pay attention to how each provider insures your deposit. Third, it's a bit of a self-serve process. 

And fourth, like many things in crypto, regulation looms large and it could shake up the status quo. The Securities and Exchange Commission Chairman Gary Gensler told The Block last month that staking platforms could fall under the agency's oversight. 

With all that in mind, meet Ken Mack, a crypto investor with a seven-figure portfolio who uses staking as a big part of his strategy. Insider viewed screenshots of his Blockfolio and Nexo accounts to confirm their sizes. He has holdings across a few DeFi platforms that earn him anywhere between 6% to 77% gains on his positions. 

In an interview with Insider, the former private M&A dealmaker shared the five cryptos he's staking, how much he earns on each, and which platforms he's using.

Before getting started, Mack says it's important to understand what you're engaging in, as well as the risks versus the rewards. 

Staking, lending, and borrowing comprise what's considered decentralized finance, or DeFi. It's a form of finance on a blockchain that doesn't rely on central mediators like banks. The upside is fewer fees, fewer restrictions, and potentially higher earnings.

The downside of some DeFi platforms, however, is less or limited customer support. And, there's less of a regulatory framework or security features that protect your assets. While some of these platforms do insure your holdings, the terms vary based on the jurisdiction they are under, and many of these networks are scattered in different countries. 

"If you're putting your money on these platforms, then your money is not protected," Mack said. "It's probably the best mindset to have because at the end of the day, anything can happen and there are no guarantees."

Interest rates vary substantially depending on the crypto, platform, and timing. That's why Mack shops around every time he decides to stake a crypto. 

Currently, his highest earner is CAKE, which is Pancakeswap's native token and yields anywhere from 74% to 77%. It is held in a pool on Pancakeswap's network, which is an open-source, decentralized protocol on the Binance Smart Chain. 

Mack's second-highest earners are from his stablecoins, which are held on the Yield app. He stakes USDC and USDT for returns as high as 20.5%, but only because he adds YLD, the platform's token, alongside the stablecoins, which earn an extra 10%. These rates vary based on the amount of YLD staked alongside each crypto. 

The third earner is Synthetix Network Token, or SNX. This crypto is staked on the Celsius network and can currently earn a 13.99% APY. While SNX isn't a widely known coin, it can be traded on Coinbase. 

His fourth-highest earner is from polygon, or MATIC. It can currently earn about 8.99% APY on the Celsius Network. 

As for cryptos with larger market caps such as bitcoin, ether, binance coin, chainlink, cardano, litecoin, and XRP, Mack sticks to Nexo.io. The platform offers a fixed rate of about 6% APR, or 8% if the interest is paid in NEXO. Nexo is currently trading at around $1.69, according to CoinMarketCap. 

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Cardano has introduced itself to top decentralized finance (DeFi) projects like Bitcoin and Ethereum, recently becoming the 3rd-largest cryptocurrency by market cap. Cardano is a proof-of-stake blockchain platform that aims to “redistribute power from unaccountable structures to individuals.” Currently, Cardano’s value is widely speculated — its smart contract ecosystem has yet to be built out. 

Here’s a look at where to earn interest on your Cardano as well as how to go about that process.

How Does Earning Interest on Crypto Work?Binance Overview: 7% APR on ADAOther Options for Earning Interest on CardanoHow to Earn Interest on CardanoStep 1: Open an online account.Step 2: Purchase cryptocurrency.Step 3: Earn interest on your crypto.Other Platforms to Earn Interest on CardanoRisks of Earning Interest on CryptoIs Earning Interest on Cryptocurrency Worth It?

Earning interest on crypto is similar to earning interest on fiat. When a user holds their crypto on an exchange it provides liquidity for the platform. Users are then rewarded with crypto in the form of an annual interest rate, known as a process called staking. By staking Cardano, users are participating in the security and governance of the Cardano blockchain network by validating smart contracts. 

Binance is a cryptocurrency exchange that allows users to buy, sell and store their crypto. Binance also offers a variety of staking pools, which allow users to earn interest on crypto they have stored in their Binance wallet. The staking process operates on a first-come, first-served basis, with crypto interest paid out daily.

Binance offers a few different options when it comes to staking, and has the highest interest rate (with a catch). You can lock in a fixed rate of up to 7% when locked in for a fixed term of 60 days. There is also a flexible option of just 0.48% APY for traders who wish to accumulate small rewards, while still being able to trade Cardano.

Read ReviewBest Forlong-term cryptocurrency investors get started

A solid option with no lock up times is Nexo. Nexo.io offers just over 6% APR on ADA tokens staked on their platform. Plus, the platform has much better reviews and is more trusted among cryptocurrency investors.

Other exchanges offer their own interest rates for staking on their platform. Crypto.com for example offers a 2% to 3% fixed-rate option. Determine which rates work best for you before staking your cryptocurrency.

Earning interest on Cardano is not much different than earning interest on other cryptocurrencies. When you’ve settled on where to buy your Cardano, follow these easy steps to start passively earning Cardano. 

The first step to earning interest on Cardano is opening an account with your exchange of preference. For this example, it’s best to use Nexo, as the platform offers a high interest rate without lock up times. Plus, assets on Nexo are insured, adding a level of security to your investment. Make sure your password is strong and secure; this will minimize the chances of your account being compromised. 

The next step is actually purchasing Cardano using the exchange you signed up for. This can be done by simply adding a debit card of your choice and making a one-time payment. There is also an option for recurring purchases if users are looking to accumulate more Cardano. Once you have purchased your Cardano you can now start the staking process. 

When the desired amount of Cardano is in your account, you are now able to begin staking. Nexo pays out interest on a daily basis, letting your digital assets compound to earn you high interest rates. Plus, there’s no fees on withdrawals on the platform.

Crypto.com is a digital asset service that allows users to buy, sell, trade and stake their cryptocurrency through their beginner-friendly crypto app. The app supports a list of 30 different coins that can be staked on the platform, including Cardano, where users are able to earn 3% when locked into a fixed term of 3 months. Although Crypto.com may not offer the highest staking rewards, staking can be increased to 5% for a fixed 3-month period by holding 500,000 CRO tokens in their wallet. 

Best ForSign Up BonusesOverall Rating Read Review get startedsecurely through crypto.com’s website More Details Best ForSign Up BonusesN/A1 Minute Review

Best ForTraders who want access to a secure, low-cost cryptocurrency exchangePassive investors who want to earn interest on their balance without frequent tradingMobile investors who prefer to handle all their crypto needs via their phone or tabletProsLow feesHigh securityOne-stop shop for all your crypto needs (wallet, trading, spending, and more)Lots of ways to earn interest, rewards, and rebatesConsLow privacyCustomer service response time could be improved

When dealing with cryptocurrencies, there are always going to be risks involved. One of the main things to be aware of is when staking, the centralized exchange now has control over your crypto. Users wishing to trade that crypto are unable to until the fixed term is done. There is also a large volatility risk when dealing with crypto. If you buy crypto then stake it, and the price goes down, you will end up losing more money than you’ll make with the interest of staking. 

Cryptocurrency is a highly volatile market. Make sure to do your own research before staking, and never invest more than you can afford to lose. 

Depending on what you want to do with your Cardano, earning interest on it may be beneficial. If you plan to actively trade your Cardano, staking may not be the best option. To earn rewards on Cardano that you do not actively trade, staking may be a great choice. Always make sure to do your own research to find which staking option best works for you. 

Methodology

Benzinga crafted a specific methodology to rank cryptocurrency exchanges and tools. We prioritized platforms based on offerings, pricing and promotions, customer service, mobile app, user experience and benefits, and security. To see a comprehensive breakdown of our methodology, please visit see our Cryptocurrency Methodology page.

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Bitcoin (CRYPTO: BTC) is taking a breather Thursday night after charting all-time highs this week, with the global cryptocurrency market cap declining 7.98% to $2.43 trillion.

What Happened: The apex cryptocurrency fell 4.65% over 24 hours to $62,837.64. For the week, BTC has appreciated 9.95%.

Ethereum (CRYPTO: ETH) was down 1.91% at $4,114.33 over 24 hours. Over the last seven days, it has risen 9.01%.

Meme cryptocurrency Dogecoin (CRYPTO: DOGE) was down 4% at $0.245 over 24 hours. Over the past seven days, it has gained 6.55%.

Top 24 hour gainers include ThorChain, The Graph, Nexo, and Solana, as per CoinMarketCap data.

ThorChain spiked 16.65% at $9.51, The Graph shot up 10.61% to $0.9611, Nexo rose 9.12% to $2.27, and Solana was up 7.42% at $200.37 in the period.

Notably, Solana traded 5.2% below the all-time high of $214.96 it touched last month.

See Also: How To Buy Solana (SOL)

Why It Matters: Bitcoin traded 6.28% lower than the all-time high of $66,930.39 it touched on Wednesday at press time.

Cryptocurrency markets remain in a bullish mood with the “Crypto Fear & Greed Index” by Alternative pointing to Greed at press time.

Michaël van de Poppe, an Amsterdam-based cryptocurrency trader, dismissed the idea that the current correction in the markets was the heralding of a bear market.

No, we're not entering a bear market.

We're at the start of a massive second run of this bull cycle.

Stay focused.

— Michaël van de Poppe (@CryptoMichNL) October 21, 2021

Ethereum touched an all-time high of $4,366.09 on Thursday. At press time, it traded 5.7% below that high.

Meanwhile, traders that opened leveraged longs in anticipation of an Ethereum breakout were squeezed on Thursday, as per Delphi Digital, an independent research firm.

“Given price instantaneously recovered, this was an obvious shakeout orchestrated to wipe out over-leveraged apes.” 

“As we enter the next phase of the crypto bull market, consider this a lesson: keep your leverage in check and don’t try to get ahead of the market,” wrote Delphi Digital in an emailed note.

The exuberance around Bitcoin futures ETFs is likely to continue with Valkyrie Investments’ offering set to hit Nasdaq on Friday. The fund will trade under the ticker “BTF” despite earlier plans to trade under the more meme-centric “BTFD” ticker, reported Coindesk.

Prospective Ethereum Futures ETFs are also exciting the market and analysts alike.

Delphi Digital noted that there is a “strong demand” for the recently launched ProShares Bitcoin ETF (NYSE:BITO) and that begs the question, “If a futures ETF is doing this well upon inception, what kind of a welcome would a proper spot ETF receive?”

Read Next: Elon Musk Teases Bitcoin Hitting $69,000 In Signature Meme On Twitter

CryptocurrencyNewsMarketsMoversTrading IdeasLicenseRelated Articles Has Bitcoin Entered Bear Market After Surging To All-Time Highs? What 4 Popular Analysts Have To Say Popular cryptocurrency analysts see Bitcoin (CRYPTO: BTC) rising further even as the apex cryptocurrency retreated after charting all-time highs this week. read more Dogecoin And Shiba Inu Might Be Slumping Today But This Bitcoin Meme-Themed Knockoff Coin Is Striking Major Gains Bitcoin (CRYPTO: BTC) meme-themed knockoff Baby Bitcoin (CRYPTO: BBTC) continued to rally as of Thursday night, while meme cryptocurrency Dogecoin (CRYPTO: read more Could 'Bitcoin $69,420' Be A Signature Meme Event For The Cryptocurrency? The most valuable cryptocurrency is seeing a rise in valuation that took the coin to record highs on Wednesday. The price of the coin is now approaching potential max meme potential. read more How to Buy Bitcoin with Credit Card – Beginner's Guide The following post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga. read more

Bitcoin price is currently (04:25 UTC) trading well below USD 64,000 and there could be more downsides in the short-term.

Besides, most major altcoins are also trimming gains. ETH traded below the USD 4,320 and USD 4,250 support levels. XRP is still struggling to clear the USD 1.15 resistance zone. ADA tested USD 2.30 before correcting lower.

Total market capitalization

Bitcoin price

After setting a new all-time high earlier this week, bitcoin price started a downside correction below USD 66,000. BTC traded below the USD 65,000 and USD 64,200 support levels. It tested USD 62,000 and it is now consolidating losses. On the downside, an initial support is near USD 62,500. The first major support is near USD 62,000, below which the price could test the USD 60,500 support.

If there is a fresh increase, the price might face resistance near USD 64,200. The next major resistance is near USD 65,000, above which the bulls may possibly aim for a new all-time high.

Ethereum price

Ethereum price was able to clear the USD 4,200 level. ETH even surpassed USD 4,350, but it failed to test the USD 4,400 resistance. A high was formed near USD 4,375 before it started a downside correction. The price is now trading below USD 4,200, but it could find bids near USD 4,050 and USD 4,000.

On the upside, the price is facing resistance near the USD 4,200 level. The first key resistance is near USD 4,250, above which the price might rise towards USD 4,350.

ADA, LTC, DOGE, and XRP price

Cardano (ADA) broke the USD 2.18 and USD 2.20 resistance levels. It topped below USD 2.32 before correcting lower. It is now trading below USD 2.20, with a key support at USD 2.15. Any more losses may possibly lead the price towards USD 2.05.

Litecoin (LTC) corrected lower from the USD 212. It is consolidating near the USD 200 level, with a major support at USD 192. Any more losses could open the doors for a larger decline in the near term. If there is a fresh increase, the bulls might aim for a break above USD 212.

Dogecoin (DOGE) is back below the USD 0.250 level. An initial support is near USD 0.240. The first major support is USD 0.232, below which the price might decline towards the USD 0.220 level. If there is a fresh increase above USD 0.250, the price might rise towards USD 0.265.

XRP price failed to gain strength above USD 1.15 and started a downside correction. It is now trading near USD 1.10, with an immediate support at USD 1.08. The next major support is near USD 1.05, below which the price might test USD 1.00.

Other altcoins market today

Many altcoins are up over 5%, including RUNE, GRT, SOL, ZEC, VET, NEAR, NEXO, LINK, EGLD, AVAX, XMR, and HT. Out of these, RUNE gained 35% and surpassed the USD 10 level.

Overall, bitcoin price is correcting gains below USD 64,000. It seems like BTC might even decline below USD 62,000, but the USD 60,000 zone could act as a strong support.

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Bitcoin price settled above the USD 62,000 level. BTC is currently (12:09 PM UTC) trading above USD 63,800, with a positive angle. If there is a clear break above USD 64,200, the price could test the USD 65,000 resistance zone.

Besides, most major altcoins are trading in a range. ETH is facing resistance near the USD 3,900 zone. XRP is still struggling near USD 1.12 and USD 1.15. ADA could attempt an upside break above USD 2.20 if it stays above USD 2.05.

Total market capitalization

Bitcoin price

After a clear break above USD 63,000, bitcoin price extended its increase. BTC cleared the USD 64,000 resistance zone. It traded close to USD 65,000 before it started a downside correction. The price declined below USD 64,000, but it remained well supported. On the downside, an initial support is near USD 63,500. The next support is near USD 63,000, below which the price might decline towards USD 62,000.

If there is a fresh increase above USD 64,200, the price might rise towards the USD 65,000 level. Any more gains could lead BTC towards the USD 66,200 level.

Ethereum price

Ethereum price spiked above the USD 3,880 resistance level. However, there was no upside continuation above USD 3,900 and ETH moved below USD 3,880. If there is another attempt to clear USD 3,900, the price might rise towards the USD 4,000 level.

On the downside, an initial support is near the USD 3,800 level. The first key support is now forming near the USD 3,750 level.

ADA, LTC, DOGE, and XRP price

Cardano (ADA) is struggling to gain pace above USD 2.12. The key breakout zone is still near the USD 2.18 and USD 2.20 levels. A clear break above USD 2.20 could start a stronger increase. On the downside, the price might remain supported near the USD 2.05 and USD 2.08 support levels.

Litecoin (LTC) is consolidating gains above the USD 185 support zone. If it breaks the USD 192 resistance, the next stop for the bulls may possibly be near the USD 200 level. Conversely, there is a risk of a move down towards the USD 175 support zone.

Dogecoin (DOGE) is stuck below the USD 0.250 resistance. A close above USD 0.250 could start a fresh increase. The next major resistance is near USD 0.265, above which the price might test the USD 0.280 level. If not, there is a risk of a downside correction towards the USD 0.220 level.

XRP price is trying to rise towards the USD 1.12 and USD 1.15 resistance levels. A clear break above USD 1.15 could send the price towards the main resistance at USD 1.20. On the downside, the USD 1.05 level is a decent support. The main support is now forming near USD 1.00.

Other altcoins market today

Many altcoins are up over 5%, including OKB, HT, NEAR, KCS, AR, HBAR, LUNA, FTT, GRT, NEXO, and MINA. Out of these, HT is up by 14% and it broke the USD 8.80 level.

To sum up, bitcoin price is showing positive signs above USD 63,500. A clear break above USD 64,200 might increase the chances of a move above the USD 65,000 level.

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Core, an anonymous and hyped DeFi project, has announced Delta, a new product and token. Core says this will “close the gap” between options trading and spot markets by “using a combination of liquidity standards to deploy an on-chain options layer with scalability in mind.”

Anonymous Developers Behind Delta Project Will Work Towards Promoting Healthier Market

Core was initially launched in September 2020 after successfully raising $60 million in locked liquidity. It’s currently preparing to launch a new product and Delta token, Coredex, which will bring a variety of new derivatives and liquidity to the DeFi crypto market.

The DeFi market is becoming a popular marketplace among anonymous developers. Earlier this week, a group known as Anon Powered announced the launch of its DeFi platform, Premia. Other notable names in the market include Aave, Hegic, Opyn, Coinlist, and Nexo, to name just a few.

But the Core team is planning to do things a little differently thanks to its new liquidity format Open Vested Liquidity (OVL), with its ideas for Coredex and future updates on new developments outlined in its latest black paper. OVL allows liquidity to be locked during volatile movements using a block time schedule, which reduces the amount of risk around trading tokenized assets. This minimization of risk is one of Core’s main focuses.

Delta plays a significant role in Core’s plans to create a healthier marketplace. While the value of the derivative market attached to more traditional financial instruments is estimated to be over $1 quadrillion, the comparable crypto market is still in its infancy, meaning that uncertain market conditions in underlying assets and liquidity can amplify volatility. Delta’s liquidity model is divided into two segments: OVL through the Delta vesting schedule and permanently locked liquidity.

In the black paper, Core says the “primary liquidity to purchase tokens will come from a bonding curve pool,” and ethereum will serve as the main counter currency. Core has set its target liquidity for the bonding curve to “~1000-1500 ETH and the corresponding amount of Delta.” The ratio between the bonding curve liquidity and the liquidity reserve vault could fluctuate, depending on the initial stake during the limited staking window. Ultimately, though, Core says the end goal is to ‘promote healthy price movements.’

All funds raised during the initial staking window will be used to support the long-term development of the overall Coredex project. Of this total, 26% will nurture strategic partnerships and growth, and a further 10% will bolster research and development.

The Core team is yet to announce a date for the limited staking window. Still, the continued expansion of its ecosystem can only be good news for the DeFi market’s growth, especially if the price of ethereum continues to rise.

Do you trust anonymous DeFi projects? Let us know what you think in the comments section below.

Binance Smart Chain Devs Propose Ethereum-Like Gas Fee Burning Mechanism NEWS | 5 hours ago Solana Moves Into 6th Largest Crypto Market Cap Position — SOL Valuation Targets Cardano's Rank NEWS | 15 hours ago Tags in this storyCryptocurrency, DeFi, ETH, locked liquidity, Open Vested Liquidity, tokenized assets Show comments

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Bitcoin dominance has hit a three-day low, even as BTC trades at new heights against the US dollar.

Bitcoin’s share of the overall crypto market was at 46.4 per cent, down from 47.6 per cent yesterday.

What would happen once Bitcoin smashed through its all-time highs has been an open question, with one Twitter-famous trader tweeting on Tuesday that it would take “severe brain damage” to buy altcoins “just before bitcion goes into price discovery”.

But the drop in Bitcoin dominance shows altcoins are outperforming BTC, at least for now.

— satsdart 🔺 (@satsdart) October 20, 2021

Late this afternoon (Sydney time) Bitcoin was trading at US$64,926, up 1.8 per cent from yesterday.

Buoyed by enthusiasm about the first-ever US Bitcoin ETF debuting on the New York Stock Exchange, BTC around 12.45am broke its all-time high of almost $64,000, and quickly set a new one at $US66,930.

But 85 different cryptos in the top 100 were outperforming BTC, with eight posting double-digit gains.

OKB Coin was the biggest gainer in the top 100 for the second day in a row, climbing 19.4 per cent to US$24.74.

Nexo, Solana, Enjin Coin, Flow, Ren, THORChain, Litecoin and Qtum were all up between 18.6 and 10.9 per cent.

XDC Network was the biggest loser, falling 1.7 per cent.

Ethereum was trading for US$4,173, up 8.8 per cent from yesterday.

Outside the top 100, a number of smaller altcoins had hit all-time highs, including Kadena, Strong, Tokema, Illuvium, Popsicle Finance, UFO Gaming and WOO Network.

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Bitcoin price remained well bid above the USD 53,200 support zone. BTC formed a base above and started a fresh increase above USD 55,000. It is currently (11:47 UTC) trading close to USD 55,500 and it might accelerate higher towards USD 58,000.

Besides, most major altcoins are also gaining momentum. ETH climbed above USD 3,600 and it could rise further above USD 3,720. XRP is stuck near USD 1.08, but it could accelerate if it clears USD 1.10. ADA fluctuates above USD 2.20, but it is facing many hurdles on the upside.

Total market capitalization

Bitcoin price

After a minor downside correction, bitcoin price remained stable above USD 53,200. BTC formed a base and started a fresh increase above USD 55,000. The price even broke the USD 55,500 resistance level. An immediate hurdle on the upside is near the USD 56,200 level. The next key resistance is near USD 56,500, above which the bulls could test USD 58,000.

On the downside, an initial support is near the USD 54,800 level. The next major support is near the USD 54,500 level, below which the price might decline towards the USD 54,000 level.

Ethereum price

Ethereum price is up and trading above the USD 3,600 level. It is facing resistance near the USD 3,680 and USD 3,700 levels. The next major resistance is near the USD 3,750 level, above which the price could move towards the USD 3,800 level.

On the downside, an initial support is near the USD 3,560 and USD 3,550 support levels. The next major support is near USD 3,500, below which the price might test USD 3,450.

ADA, LTC, DOGE, and XRP price

Cardano (ADA) remained supported above the USD 2.20 level. The price is now looking for direction but it could attempt an upside break above the USD 2.32 zone. A close above USD 2.32 zone could set the pace for a larger increase towards USD 2.40.

Litecoin (LTC) is stable near the USD 180 level. An immediate hurdle is near USD 185. The main resistance is near the USD 188 level. A close above USD 188 may possibly set the pace for a larger increase towards the USD 200 level. If not, there might be a dip towards USD 172.

Dogecoin (DOGE) is gaining pace above the USD 0.250 level. The price is showing positive signs and it seems like the bulls are aiming for a test of USD 0.265. Any more gains could lead the price towards the USD 0.280 level in the near term.

XRP price is stable above the USD 1.02 and USD 1.00 support levels. The price could soon break above the USD 1.08 and USD 1.10 levels. In this case, the price may possibly rise towards the USD 1.20 level.

Other altcoins market today

Many altcoins are up over 8%, including ONE, FTM, YFI, AR, MDX, CHZ, MATIC, EGLD, KLAY, SC, SUSHI, COMP, and NEXO. Out of these, ONE rallied 25% and it broke the USD 0.21 level.

To sum up, bitcoin price is showing positive signs above the USD 55,000 level. If BTC breaks USD 56,200, it could accelerate higher towards USD 58,000 in the coming sessions.

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Bitcoin price remained well bid above the USD 61,200 support zone. BTC is currently (11:59 UTC) trading above USD 62,000 and it might aim for a clear upside break. A close above USD 63,000 might spark a stronger increase.

Besides, most major altcoins are stuck below important hurdles. ETH is facing resistance near USD 3,850 and USD 3,880. XRP could gain pace if there is a clear break above USD 1.12 and USD 1.15. ADA is trading well below the USD 2.20 resistance.

Total market capitalization

Bitcoin price

In the past two sessions, bitcoin price remained well bid above the USD 61,200 pivot level. BTC climbed back above USD 62,000, but it is facing a few key hurdles. An immediate resistance is near the USD 62,800 level. The next major resistance is near USD 63,200 and USD 63,500. A break above USD 63,500 might push the price towards the USD 65,000 level.

On the downside, an initial support is near USD 61,800. The first major support is near USD 61,200, below which the price might test the USD 60,500 level.

Ethereum price

Ethereum price struggled to clear the USD 3,850 and USD 3,880 resistance levels. A clear break above USD 3,880 could set the pace for a steady increase. The next major stop for the bulls may be USD 4,000. An intermediate resistance could be USD 3,950.

On the downside, an initial support is near the USD 3,750 level. The next major support is near USD 3,650, below which there is a risk of a larger downside correction.

ADA, LTC, DOGE, and XRP price

Cardano (ADA) is facing an uphill task near the USD 2.18 and USD 2.20 levels. A close above USD 2.20 may possibly spark a stronger increase. The next major resistance is near USD 2.32. If not, the price might test the USD 2.00 support zone.

Litecoin (LTC) spiked above the USD 188 resistance. It is now facing hurdle near USD 192. A follow up move above USD 192 could set the pace for a larger increase. On the downside, the price might find support near the USD 182 and USD 180 levels.

Dogecoin (DOGE) trimmed gains and traded below the USD 0.250 level. An immediate support is near the USD 0.232 level. Any more losses might call for a test of USD 0.220. On the upside, the USD 0.265 level is a major hurdle before a move towards the USD 0.280 resistance.

XRP price is struggling to clear the USD 1.12 resistance level. The USD 1.15 level is also a key barrier ahead of USD 1.20. If there is a bearish reaction, the bulls might struggle to keep the price above the USD 1.00 support zone.

Other altcoins market today

A few altcoins gained over 5%, including OKB, FTM, ONE, KSM, ZEC, NEXO, ZEN, ATOM, DCR, SHIB, and WAVES. Out of these, OKB rallied almost 19% and broke the USD 19 level.

To sum up, bitcoin price is facing resistance near USD 63,000. If BTC settles above USD 63,000, it could start a steady increase towards the USD 65,000 level in the near term.

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The Cardano price prediction is usually split as some believe that this could be the next challenger to Ethereum and Ethereum 2.0 when it comes to smart contracts. Others, however, still believe in Ethereum supremacy, thinking that Cardano prices will plummet.

Cardano Price Prediction

The only way to truly know the correct Cardano price prediction is by doing your own research or DYOR on ADA, the token for Cardano. It's been just a while since Cardano's Alonzo update has just launched, and there is already quite the excitement regarding the cryptocurrency.

As of the moment, there are already a lot of projects lined up in the Cardano cube, and although it will be ideal for studying each and every project, learning about the top 10 Cardano projects might be enough for investors and traders to make a solid decision as to whether they are bullish or bearish on Cardano. Learn more about the top 10 Cardano projects. As seen on the CardanoCube.io website.

Top 10 Cardano Projects1. SingularityNET

This project would allow anyone in the world to create, share, and even monetize certain AI services at a scale. This is set to be the world's first decentralized AI network.

2. Liqwid

This is an open-source, algorithmic as well as non-custodial interest rate protocol that is built for developers, lenders, and borrowers.

3. SundaeSwap

SundaeSwap is said to be what Uniswap is to Ethereum. This will be a native, scalable decentralized exchange on the popular Cardano Blockchain.

4. World Mobile

This project will provide a way for people to be able to connect anywhere and everywhere. This is expected to be the first mobile network that is owned by people and also built on the blockchain.

5. Centaurify

For creators and artists, this project acts as the live event and music NFT universe. Users will be able to tokenize tickets with NFT as well as Smart contract technology.

6. Cardax

The Cardax DEX will allow liquidity providers as well as traders to participate in a whole new financial market that is reportedly accessible to all.

7. Atala PRISM

This is a decentralized identity solution that will enable people to own their very own personal data on the blockchain.

8. ErgoDEX

This is a decentralized exchange that would allow a quick, effortless, and of course, secure transfer of liquidity between both Ergo and Cardano.

9. Nexo

This is where users can get access to instant Crypto Credit Lines as well as high-yield "earn interest" accounts anytime at any place in the world.

10. PlayerMint

This will be a hub for gamers to get paid in order to play video games in a fungible token that can also be used in a certain marketplace to be able to mint and trade NFTs.

Read Also: Cardano Price Prediction | Will This Crypto Asset be as Big as Ethereum and Can It Beat Ethereum 2.0?

Cardano #3 on CoinGecko

For those that want to learn more about Cardano, check out the website for more information and updates regarding the ongoing projects. For those that are more concerned regarding the price of the cryptocurrency, check out Cardano on CoinGecko, which ranks Cardano as #3 on their list.

Related Article: Cardano and Ethereum 2.0 Gets New Challenger? $30M USDC Transferred to Arbitum Spotted

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Bitcoin price formed a base above the USD 62,000 level and started a fresh increase. BTC surged above the USD 65,000 and USD 66,000 levels before correcting below USD 65,000. It is currently (04:27 UTC) back above this level, while new dips might remain limited below USD 63,500 in the near term.

Besides, most major altcoins started a fresh surge. ETH gained almost 9% and it broke the USD 4,000 resistance. XRP surpassed USD 1.12, but it is struggling to gain pace above USD 1.15. ADA surged above the USD 2.20 resistance zone.

Total market capitalization

Bitcoin price

After a minor drop, bitcoin price started a fresh rally above USD 63,000. BTC surged above the USD 65,000 and USD 66,000 levels. A new all-time high was formed above USD 67,000 (per Coingecko) before there was a downside correction. On the downside, an initial support is near USD 64,200. The first major support is near USD 63,500, below which the price could test the USD 62,500 support.

If there is a fresh increase, the price might face resistance near USD 65,500. The next major resistance is near USD 66,000, above which the price may possibly revisit the USD 67,000 level.

Ethereum price

Ethereum price started a fresh rally above the USD 3,880 resistance. ETH broke the USD 4,000 resistance and extended its increase. The price even cleared the USD 4,200 level. If there is a close above USD 4,200, the price could rise towards USD 4,320 in the near term.

On the downside, an initial support is near the USD 4,120 level. The first key support is now forming near the USD 4,050 level, below which the price might test USD 4,000.

ADA, LTC, DOGE, and XRP price

Cardano (ADA) broke the main resistance at the USD 2.20 level, which could push the price towards the USD 2.40 level. An intermediate resistance is near USD 2.32.

Litecoin (LTC) gained pace for a move above the USD 192 resistance. As a result, the price surged above the USD 200 level. It is up almost 12% and trading above USD 207. An immediate resistance is near USD 212, above which the price could rise towards the USD 220 and USD 225 levels.

Dogecoin (DOGE) is back above the USD 0.250 level. An initial hurdle is near the USD 0.265 level. The next major resistance is near USD 0.280, above which the price might test USD 0.300. On the downside, the USD 0.250 is a short-term support. The next key support is near the USD 0.232 level.

XRP price was able to clear the USD 1.12 resistance and it is now facing resistance near USD 1.15. A break above USD 1.15 might push the price towards the USD 1.20 resistance. If not, the price might correct lower towards the USD 1.10 level. The next major support is near USD 1.05.

Other altcoins market today

Many altcoins are up over 10%, including OKB, NEXO, SOL, FLOW, ENJ, REN, XEC, HT, RUNE, CELO, and QTUM. Out of these, OKB gained 21% and surpassed the USD 25 level.

Overall, bitcoin price is trying to recover above USD 65,000. In case of more dips, the bulls might remain active near the USD 63,500 and USD 63,000 levels in the near term.

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Finally available for DeFi investors from tomorrow onwards, the renowned Defi.org Accelerator – a Joint Venture project co-created by Orbs, Binance and Moonstake – proudly announces the launch of their chain-agnostic Risk Management Notification Protocol for mobile devices.

This unique Open DeFi Notification Protocol comes to life to allow investors and DeFi users to manage their operations in the decentralized finance universe reducing their loss risks to a minimum especially during market volatility.

Open DeFi: Helping DeFi Traders Reduce Risk

The Open DeFi Notification Protocol permits users to set up any number of alerts for different DeFi apps.

Orbs, the public blockchain platform, announced the launch of the Open DeFi Notification Protocol, a key application product especially created to assist users with unlimited free mobile notifications for impactful on-chain events.

This unique Open Notification Protocol was developed within the DeFi.org organization, co-created by the Orbs blockchain platform, Binance crypto exchange and Moonstake crypto wallet provider.

The Defi.org Accelerator was conceived primarily to develop further creative policies and the necessary tools towards the next level of innovation in decentralized finance, by providing liquidity, support and validation within the ever growing DeFi global ecosystem.

The recently announced Open DeFi Notification Protocol publicly available from tomorrow is basically an event-aggregator of contributions from community members that records significant events.

These events include smart contract creations and upgrades, blockchain governance votes, blockchain accumulated pending rewards, cryptocurrency price swings, prominent liquidations, stop losses, and more.

DeFi users like traders or liquidity providers, by accessing this type of data, can better manage their asset portfolios with superior tools to foresee and react to impactful events. The Open DeFi Notification Protocol allows a secure management by risk reduction, unarguably valuable in volatile market periods.

All DeFi projects can choose to differentiate themselves from competition by providing its customers with unlimited free mobile notifications of key sensitive information. All these Defi platforms need to do is integrate with Github for 30 minutes.

Orbs’ co-Founder Tal Kol describes the product in his own words,

“Transparency is a hallmark of blockchain, yet reliable mobile notifications that can aid the DeFi community are virtually nonexistent…our talented team has created a user-friendly protocol that functions almost like a reactive DeFi assistant, alerting users to the possibility of impending liquidations, significant price swings, contract upgrades and the like. We are positive it will make a huge impact.”

Initially the beta version of the Open DeFi Notification Protocol relies on a centralized node for tracking and display of the significant events recorded.

Orbs is working towards the launch of an updated improved version very soon that will rely on the decentralized Orbs network of independent nodes.

The beauty behind this announcement is that users will be able to set up an unlimited number of notifications linked to a variety of DeFiapplications, all of it integrated on a single open-source interfase comprising several dApps architecture frontends.

No previous registration is required, defi users will simply need to download the mobile app “DeFi Notifications” for iOS or Android and further scan their QR address in MetaMask (or the QR position in their app’s UI).

To make it even easier, in the Orbs’ official YouTube channel there is a tutorial video of this new DeFi Notification Protocol working with Sushi as an example.

Tal Kol added,

“The great thing about the Protocol is that it can work with emerging DeFi projects. All that’s required is the implementation of a simple JavaScript web3 class, to extract the notification from the on-chain data. This is then contributed via PR to the Protocol Github repo.”

Orbs Makes Connections Happen

The public blockchain platform Orbs was specifically designed to grant mass DeFi applications the integration with EVM-based L1 and L2 blockchains such as Ethereum, Binance Smart Chain (BSC), Polygon, Solana and Avalanche.

The decentralized Orbs protocol, powered by their ORBS native token, is operated by a public network of permissionless validators upon a PoS (proof-of-stake) consensus.

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News Cryptocurrency Blockchain Bitcoin Finance Forex XRP Ethereum Stellar Dogecoin Cardano TRON Litecoin Bitcoin Cash IOTA Binance Coinbase KuCoin Huobi Bithumb Interview Forecast Vechain Stellar Lumens Dogecoin Ontology Zcash Zilliqa Ethereum XRP Bitcoin TRON MATIC Binance Coin Dash REN IOTA Filecoin Monero Litecoin Uniswap SushiSwap BAT Polkadot Bitcoin Cash Chainlink Tezos DigiByte Ethereum Classic Cardano Bitcoin SV Neo EOS Bitcoin Gold Algorand Kyber Network Elrond THETA Chiliz Solana NEM Holochain Waves Maker Terra Aave Synthetix 0x (ZRX) Fantom PancakeSwap Bancor 1inch SafeMoon Avalanche Nexo Cosmos FTX Token Klaytn Kusama BitTorrent Compound Crypto.com (CRO) Huobi THORChain Hedera Shiba Inu Theta Fuel Decred Celsius Wrapped Bitcoin Yearn Finance Telcoin XinFin Network Decentraland Quant Axie Infinity Amp The Graph Enjin Helium Horizen OKB NEAR Protocol Swissborg Internet Computer UNUS SED LEO Bitcoin BEP2 Counos X Ravencoin Winklink Qtum FunFair Verge Decentral Games Lotto Crypto Exchange Crypto Exchange USA Crypto Exchange UK Crypto Exchange IN Crypto Exchange AU Crypto Exchange CA Coinbase Bityard Coinmama Gemini Kraken Poloniex WazirX ZebPay Binance Bittrex Bitstamp StormGain Bitfinex Changelly Bybit Bexplus CEX.IO OKEx PrimeXBT BiKi Wirex Okcoin Gate.io Luno Crypto.com EXMO YoBit Coinfloor Bitaroo Independent Reserve StealthEX KuCoin BTC Markets xCoins bitFlyer Bitcoin Australia Hotbit CoinJar CoinSpot CoinZoom Bitbuy VDollar Bingbon AAX Tokenize Dsdaq Margex DigiFinex BitMart Digital Surge Mine Digital SwapSpace Swyftx ChangeNOW BaseFEX Shrimpy CoinBurp VALR Quadency Swan Bitcoin Phemex Easy Crypto Instars Cointree FTX BitMEX BitForex Coinage Safello CoinSwitch Kuber Bitpanda Paybis Bitcoin.de Coinberry Bity Kiwi Coin Coinbase Pro Unocoin Bitonic Bisq Bitpanda Pro CoinBene LocalCoinSwap BuyaBitcoin Coinmate Revolut HitBTC IDEX Exchange Zipmex NairaEx Uphold CoinLoft Indacoin BitPrime Paxful CoinField Payeer Liquid Bit-Z Waves Exchange Deribit BitBay TimeX HPX BTCC Voyager WunderBit RelayPay Wall of Coins Swapzone BitRabbit ABIT Bamboo Relay Bleutrade Vaultoro Mercatox LBank EXX Coinstash ZB.com Coinsbit Bitwells ChangeHero Delta Mixcoins SimpleSwap BKEX LetsExchange The Rock Trading Bitbns Bithumb P2PB2B Coinpass Zerion Bibox Bitso Bittylicious NiceHash CoinSmart PointPay CoinCasso Huobi Shakepay CoinCorner CoinEx BC Bitcoin Coinsquare CoinFalcon EQONEX MDEX Redot B2BX Polyx Currency.com Netcoins CrossTower BigONE Upbit Tidex Nominex Coindirect Qurrex ProBit MXC Bitvo DeversiFi Newton LocalBitcoins ShapeShift CoinEgg Bit2Me CoinDCX n.exchange RightBTC MyBTC.ca Hoo Dcoin NDAX AirSwap Bitinka FX Brokers Forex Brokers AU Forex Brokers UK IQ Option Markets.com Pepperstone AxiTrader CMC Markets Dukascopy eToro IG London Capital Group Plus500 FOREX.com Oanda XTB easyMarkets IC Markets City Index XM TD Ameritrade UFX Saxo Bank FXCM FP Markets Blueberry Markets Go Markets NinjaTrader AvaTrade Zerodha No Deposit Bonus Professional Forex Trading Software Best Forex Signals DEGIRO Binomo SimpleFX HotForex Exness LMAX FXPRIMUS Vantage FX Interactive Brokers Trading 212 CommSec OctaFX RoboForex Libertex FxPro BDSwiss Alpari Guide Crypto Wallet MyEtherWallet Atomic Wallet Exodus Wallet Trust Wallet Coinbase Wallet Electrum Wallet Jaxx Wallet Mycelium Wallet Trezor Wallet CoinPayments Wallet Argent Wallet Blockchain.com Crypto Lending Bitcoin Loan Nexo BlockFi Celsius Network Venus.io Bitrue BTCPOP SpectroCoin Torque.loan CoinLoan SALT Lending YouHodler Oasis Borrow Unchained Capital Aave Yearn.finance Unit Protocol Notional Finance CREAM Finance Alchemix Compound Finance Liquity.org Hodlnaut PR Submit PR Crypto Gambling Bitcoin Betting Bitcoin Casino Ethereum Casino FortuneJack BC.Game Stake 7BitCasino BitStarz Bitkingz mBit Events

Nervos today announced that the Force Bridge is now live on the mainnet. The Nervos Network is a collection of protocols and public blockchain ecosystem aiming to solve the various challenges facing blockchains like Bitcoin and Ethereum today.

The Force Bridge is currently connected to Ethereum through a cross-chain bridge and will be connected to Cardano and other EVM and non-EVM public chains in the future, such as Bitcoin, TRON, EOS, and Polkadot.

The Force Bridge is a trustless cross-chain bridge that allows for seamless transactions between the Nervos ecosystem and other public chains, making it easier for developers to expand their dApps and user base to the Nervos ecosystem.

Currently, the bridge supports ETH and whitelisted ERC-20 tokens, including Dai (DAI), Tether (USDT), and USD Coin (USDC), with more tokens to come in the future. No CKB, the native token of the Nervos ecosystem, is required to transfer assets to Nervos via the Force Bridge.

How the Force Bridge Works

While most cross-chain bridges require multiple steps before an asset can be moved, Force Bridge requires only a simple contract deployment to begin asset movement to a user or decentralized app (dApp).

When users send assets from Ethereum using the Force Bridge user interface (UI), the asset gets locked into a multi-signature wallet on Ethereum. Corresponding tokens are then minted on Nervos and sent to the corresponding users’ wallet addresses.

To ensure the safety and security of assets as they move cross-chain, the Nervos community formed a Force Bridge committee to ensure that the smart contract wallet is secure on Ethereum.

“The Force Bridge plays an integral role in our suite of multi-chain solutions, which are aimed at creating Universal Applications that transcend individual blockchains,” said Kevin Wang, co-founder at Nervos. “With the recent launch of some of our other multi-chain solutions, Polyjuice and Godwoken which were tested during our recent Hackathon, and now the Force Bridge, we’re making important progress in our roadmap and moving closer to a truly interconnected blockchain ecosystem.”

Earlier this year, Nervos announced it would connect to Cardano, the latest project in an existing research collaboration between Nervos and IOHK. Once completed, it will be the first cross-chain bridge to Cardano, allowing users to use Nervos and Cardano’s native currencies ($CKB and $ADA, respectively) interchangeably, as well as create their own tokens (user-defined tokens) across both blockchains.

As Nervos moves closer towards its vision for an interoperable blockchain ecosystem—or Interoperability 2.0—users from other chains will soon be able to use their wallets to trade in the same liquidity pool on CKB with Yokaiswap, the first interoperable AMM, DEX, Yield Farming, and Staking platform in the Nervos ecosystem. Additionally, the project is developing an update to transfer $CKB to Ethereum as wrapped $CKB (wCKB).

Kevin added, “Progress on the blockchain is an iterative process. As we continue to make headway on the Force Bridge and our multi-chain solutions, we look forward to receiving feedback from the community.”

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Join now for $19/month Explore all benefitsPosted In: Cardano, Ethereum, DeFi, Technology Like what you see? Subscribe for updates. You might also enjoy... Nervos Network integrates Chainlink oracles for off-chain connectivity

Nervos Network, the open-source public blockchain ecosystem and collection of protocols, announced its integration with decentralized oracle provider Chainlink earlier today.

2 min read → Cardano parent IOHK partners with Nervos to improve smart contract security

IOHK, the company behind Cardano, has entered into a partnership with Nervos, a multi-asset blockchain network based in China.

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Approaching the Alonzo upgrade, IOHK continues expanding the Cardano ecosystem.

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Ken Mack made a career out of buying and selling companies before he became a crypto investor in 2017, during a bull run that saw bitcoin and other altcoins reach new highs. 

Last year, after seeing an increase in money printing, especially the US dollar, he began investing more heavily into crypto. Bulls like him have recently warmed to cryptos like bitcoin partly because of its capped supply, which contrasts the copious amounts of central bank stimulus being created.  

"The millionaires of today are the middle class of tomorrow," Mack said. "With the insane money printing that is going on, [crypto] is the best way for normal everyday people to create exponential levels of wealth and perhaps generational wealth, if things are done in a certain way."

The combination of inflation — which many experts including Federal Reserve officials have pegged as transitory — with the wave of retiring baby boomers, means that money could rapidly shift to new sectors including crypto. To be exact, an estimated $68 trillion will move between generations within 25 years, according to the research firm Cerulli Associates. 

But these aren't the only reasons why Mack is bullish on crypto or evangelizing about the asset class. He co-hosts a YouTube show with another crypto influencer, Coach JV, focused on helping others understand the wealth shift and benefit from the transition. 

They both believe that blockchain technology and crypto will be among the leading technology drivers in the fourth industrial revolution, a transition the World Economic Forums refers to as the fusion of technologies that flatten the physical and digital worlds; think of wearables that digitize your workouts, voice-activated virtual assistants, and yes, paperless transactions stored on blockchains, as examples. 

These beliefs have driven Mack to become involved in blockchain development. He's an advisor at Node Kapital, a venture fund focused on early blockchain projects, and he has a seven-figure portfolio in crypto, according to screenshots of his Blockfolio and Nexo accounts seen by Insider. 

Previously, he made a career out of private mergers and acquisitions. He said at 21, he started buying companies, mainly manufacturing-based ones such as ECP, a Brazilian LED maker. In 2017, he and his team acquired a third-division football club in Spain without any money down. He used so-called leveraged buyouts, which wield the assets of the company being acquired as collateral. He continues to use this strategy to acquire cash-flowing assets today.

Right now, he's focused on the opportunity to trade his way up what he foresees as an upcoming crypto bull run in the last quarter of 2021. 

But he stresses the need to be diversified: Even if you are invested across 10 different cryptos, you still need to hold less volatile assets, like real estate and commodities, and have secure streams of income. 

"Trading crypto is very risky. I personally have lost a lot of money in the past trading," Mack said. "Time in the market is worth more than money in the market. And the best strategy is to just buy and hold." 

One of his biggest mistakes was when he was leverage-trading ether and forgot to decrease his stop loss. He told Insider he woke up the next morning and realized an amount to the tune of six figures had been wiped out of his account. 

"These small mistakes can cost people their life savings," Mack said. "Thankfully, I'm only trading with a very small amount of my portfolio."

The crypto market has big swings and has historically operated in a four-year cycle dictated by bitcoin and its halving cycles. The last halving took place in March of 2020, followed by a bull run that tapered off in the first quarter of this year. 

Mack notes that September is usually a flat month in terms of price action, something that's currently playing out. 

"My technical analysis and on-chain indicators are showing that we are about to enter a bull run, phase two," Mack said. "I believe that this is going to last for about three months. Unfortunately, most people will end up buying the top and selling the bottom. This is historically what happens." 

Despite recent news of China banning crypto, Mack isn't worried because he's seen this movie before. 

"If we look historically, how many times [China] has banned crypto, I think the market is getting to the stage now where it's not as responsive as it used to be when they were releasing this news," Mack said. 

One caveat that could impact the bull run is if the US debt ceiling isn't raised on October 18. Also, an overvalued stock market could pull back if the Fed signals it will slow quantitative easing. These could lead to the "mother of all disasters" and cut the bull run short, he warns. 

Otherwise, he's expecting some altcoins to reach their all-time highs in December or January, where bitcoin's price could hit the low six figures, at most (it hit a record high above $64,000 in April). But he adds that if we repeat historic patterns, then it will be followed by a major sell-off, sending crypto into a strung-out bear market. 

Because of this, Mack plans on exiting all of his positions in altcoins by the end of the year because they lose 90% of their value in bear markets. And he doesn't plan on buying back until late 2022 or early 2023. He will only keep a 25% position in bitcoin. 

He told Insider he'll sell at regular intervals starting in November and exit completely if bitcoin reaches $75,000 to $85,000. 

Some estimates suggest that bitcoin could reach as much as $200,000 by the end of 2021. But Mack says the only thing that could drive it to those ridiculous highs is if the US approves a bitcoin ETF.

For now, his signal for the uptrend is when bitcoin breaks through the $52,000 resistance point, Mack said. After, the Fibonacci extension level, which traders use to determine the next price wave following a pullback, is showing $88,000. 

Mack also warns that the crypto market is highly manipulated by whales, or those who hold millions of dollars worth of bitcoin. So he also uses on-chain data from websites like Whale Map and Glass Node, which track the price points at which large players are flowing onto exchanges.

He is extremely bullish on ether (ETH) because all of decentralized finance is practically built on its blockchain, requiring the coin to transact. Its recent EIP-1559 upgrade, which aimed to lower transaction fees, also made it deflationary. He said about 50% of his personal portfolio is invested in ether, with the second-largest position being bitcoin. 

He's predicting a conservative high of $5,000 at year-end for ether, and plans on fully existing if it hits as high as $8,000. 

Elrond (ELGD) is another one of his favorite cryptos because it's highly scalable and fast, with great use cases for enterprise. 

He compares it to Solana but because its market cap is lower, it still has 10x potential. He says he will begin to scale out of Elrond if it reaches $400 and will fully exit if it hits $1,000. 

Polkadot (DOT) is another altcoin Mack is bullish on. He says it hasn't had its run, but has been his most stable crypto in terms of growth. He's also been earning 12% in passive income on Kraken, where he has it staked. 

"In terms of what potential Polkadot has, once they roll out the parachains, it's highly likely that we could be looking at a $70 to $100 polkadot," Mack said. "It's a very strong, very stable project. And, it hasn't had a lot of press." 

Because of its scalability, it potentially has exponential growth compared to its competitors. He plans on exiting 25% of his position in DOT at around $75, with a full exit by $95. 

He's also holding binance coin (BNB) and believes it's one of the best global exchanges. It previously reached all-time highs of $672 in May. He believes it can easily reach a new high of $1,000 during this run. 

He plans on exiting 25% of his BNB position at its last all-time high, another 25% at around $750, and fully exiting at $950. 

Finally, a surprise pick is pancakeswap (CAKE). He told Insider it's one of his highest staked earners. His returns can range from 74% to about 77% APY, without locking it into set terms. This is the third largest holding in his portfolio. 

"CAKE is also a utility token for the platform, which is one of the most used decentralized exchanges right now," Mack said. 

He plans on scaling out of CAKE at around $37 and fully exiting if it reaches its previous all-time high, or around $43. 

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After a blockbuster start to the year, Nexo’s (NEXO) price is trading near the record highs printed recently. Here, we take a look at where the coin may trade in the coming months.

The team that founded Credissimo, also created Nexo. The team behind the platform states Nexo is the most advanced platform for instant crypto loans and the only blockchain company to provide its services in 40+ fiat currencies and in more than 200 jurisdictions.

Nexo lets clients use their holdings as collateral, then withdraw cash. Instead of just buying and selling crypto, Nexo was created to provide clients with instant crypto loans. Nexo promises no hidden fees, no capital gains taxes, and no credit checks.

Like other cryptocurrencies, the platform uses blockchain technology, smart contracts, and algorithmic procedures, all of which are performed in its native Nexo Oracle module.

The client can request loans in either USD or EUR currency but first must transfer their crypto holdings to their Nexo wallet. The Nexo oracle will establish the loan after the transferred cryptos are confirmed by the blockchain.

Nexo says its users can access instant cash and be able to store the coin in any Ethereum compatible wallet.

The Nexo price is up about 400% year-to-end (YTD). Like some other cryptocurrencies, Nexo has witnessed a sharp move higher in the price of its native token amid accelerating crypto adoption.

In a year where Tesla, Mastercard, Visa, PayPal, and others, embraced cryptocurrencies and their underlying blockchain technology, Next price has managed to ride the bullish wave and print record highs of $4.21 in May.

The last month, when the Nexo price closed in the red, was September. In February only, Nexo saw its price explode nearly 150%. This signals an extremely strong bullish run that helped the digital asset to take its market capitalization to over $2 billion.

From the technical analysis viewpoint, it’s quite difficult to predict where the Nexo price will go next given the magnitude of this move higher in 2021 so far. As no moves in financial markets take place in a vertical manner, although this year’s Nexo price action suggests otherwise, it is likely that investors will witness a market correction as bulls take profit.

In this space, Fibonacci retracement lines help us see to which point the Nexo price could potentially correct. The first major retracement line of 38.2% comes in at $2.63, which is about 30% lower compared to the current market price. This region will also host the 100 daily moving average (the blue line) soon, which is rapidly catching up with this bullish market.

Moreover, the price action has created two equal tops above the $4.10 mark. A break below the neckline (the middle blue line) would activate the double top chart pattern. This is a bearish chart formation that could threaten to take the price action to below $2, where the measured target of the double top formation is located.

Looking higher, the Fibonacci extension lines help us measure potential targets in case the market breaks out to the upside again. In this case, Nexo bulls will be targeting moves to $4.45 and $4.85, where 127.2% extension line and 161.8% extension line are located, respectively. It is yet unclear whether a trip to these levels occurs soon, or the Nexo price action will first consolidate at lower levels before continuing higher.

Of course, much will depend on Bitcoin and how the world’s largest cryptocurrency trades for the remainder of the year. Don’t forget that BTC weights about 45% of the total cryptocurrency market, hence any bigger move in Bitcoin is likely to yield major moves across the cryptocurrency market.

After a rapid move higher in the first four months of the ongoing year, Nexo bulls and bears are expected to continue exchanging blows in 2021 as the price action heats up. While the bulls have clearly won the opening rounds, a market correction could yield more uncertainty into the year-end.