We’re all familiar with the famous shoeshine indicator. Basically, when your barber or cab driver starts giving you tips on what assets to put in your portfolio, it’s a sign that the market has overheated and the bubble might soon pop.
With everything going on these last few weeks, it can get a bit difficult to know what’s driving the market’s euphoria.
Top 5 Digital Assets Ranked by our Analysts
|Name||Current Price||Our Rating|
|Bitcoin||$ 36,109.86 (+1.75%)|
|Litecoin||$ 148.42 (+3.63%)|
|Ethereum||$ 1,232.54 (-0.1%)|
|Basic Attention Token||$ 0.29 (+9.73%)|
|USD Coin||$ 1.00 (+0%)|
The bounce is in. Though we have no way of knowing whether it’s completely over, the charts are looking pretty positive to me, as I had the pleasure of pointing out today on the popular crypto show Crypto Banter with CNBC’s Ran Neuner.
Coinbase has become one of the world’s leading bitcoin exchanges, boasting some 35+ million users in over 100 countries. Labeled as the first “bitcoin unicorn” upon its $8 billion valuation in 2018, the firm has proven itself as a worthwhile investment considering its market-leading position in the digital asset sector.
The discussion of publicly traded bitcoin ETFs has been on and off the burner for the fast few years. Even since the launch of regulated bitcoin futures contracts on the CME and CBOE in 2018 and 2019, not a single bitcoin ETF has been approved in the United States.
Here’s my routine. Each morning I begin my day with meditation and exercise, then fix up a bowl of Bob’s Red Mill while I scan The New York Times (to take the pulse of the world) and Reddit (to take the pulse of the Internet).
What a way to start a morning, after bitcoin’s biggest slide since the coronavirus debut sell-off in mid-March. The FUD starts rolling in. …
Wall Street bank J.P. Morgan Chase announced in February of 2019 that it would be launching a blockchain-powered digital currency called JPM Coin, a stablecoin that has its value pegged to the U.S. dollar.
DEX Aggregators are making waves in the decentralized trading ecosystem, having captured almost 20% of decentralized trading volumes in mid-2020.
Those of you who are more familiar with our analysis already understand that we never make any direct market predictions.