$ETH started shorting from 2600, did it more than ten times and blew up more than ten times, this is my last bit of money, 4700 blew up, if it blows up I will have nothing, everything will be gone.
Go in empty, if I die, so be it. 40000 remaining 5000, either you die or I die, liquidation leads directly to a permanent cooling-off period, exit the cryptocurrency world.
Laughing, that's just putting the cart before the horse, no different from stocks.
Binance News
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Riot Platforms Executive: Suggests Ethereum Foundation Conduct an IPO on Nasdaq and Execute ETH Treasury Strategy Through Convertible Bonds
According to ChainCatcher, Ethereum co-founder Vitalik Buterin stated that the Ethereum Foundation has set two core goals: to increase the usage of Ethereum and to enhance its resilience and decentralization.Pierre Rochard, Vice President of Research at Riot Platforms, questioned whether these goals would help increase the value of ETH, considering them partly clichéd. Rochard suggested that the Ethereum Foundation should conduct an IPO on Nasdaq and execute the ETH treasury strategy through convertible bonds.
Wasting time, just pulling a metric counts as an explanation?
YuninG2020
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$ADA
To Blockchain Daily audience/derek fans: Please stop the fantasies about Cardano's ADA this year; this bull market cannot create a new historical high.
Microsoft launches first quantum computing chip Majorana 1, which may threaten cryptocurrency
According to Cointelegraph, Microsoft released its first quantum computing chip, Majorana 1, on February 19, joining the ranks of companies pursuing the technology. The chip is made of semiconductors and superconductors, using substances different from solids, gases and liquids.
Microsoft CEO Satya Nadella said that this breakthrough will shorten the realization of quantum computers from decades to a few years. Microsoft Executive Vice President Jason Zander said that this theory has been proven after nearly a hundred years since it was proposed in 1937.
Microsoft's research results were published in the journal Nature on February 19. Quantum chips process information differently from traditional computer chips. Quantum bits can represent 0 and 1 at the same time, thus solving problems faster.
**Scenario Analysis: The likelihood of ADA reaching $10 by 2025**
Let's assume we take a look at past cryptocurrency market trends:
- **2021 Cryptocurrency Market Growth**: - In January 2021, the total cryptocurrency market capitalization was about $1 trillion. - By November 2021, the total market capitalization grew to about $3 trillion, three times the value at the beginning of the year.
Now, we will apply this trend to 2025:
- **2025 Cryptocurrency Market Forecast**: - Currently, the total market capitalization for January 2025 is estimated to be around $3.5 trillion. - Assuming future growth is not as dramatic, it may grow to: - 2 times: total market capitalization of about $7 trillion. - 3 times: total market capitalization of about $9 trillion.
Therefore, we predict that the total market capitalization in 2025 will be between $7 trillion and $9 trillion.
**Path for ADA to reach $10**:
- **Past Market Share**: - At the last market peak, ADA held about 3.5% to 4% of the total market capitalization.
- **Future Market Share Assumptions**: - If ADA can maintain this market share at the next peak, here are the potential market capitalizations: - With a total market capitalization of $7 trillion: - ADA's market capitalization = $245B to $280B. - With a total market capitalization of $9 trillion: - ADA's market capitalization = $315B to $360B.
- **Price Estimation**: - Assuming ADA's circulating supply is 3.513 billion: - Market capitalization of $245B-$280B corresponds to an approximate price of $7-$8 per ADA. - Market capitalization of $315B-$360B corresponds to an approximate price of $9-$10 per ADA.
**Feasibility Considerations**:
While these numbers may seem encouraging, the actual likelihood of achieving such a high market capitalization must take multiple factors into account:
- **Market Capitalization Comparison**: Ethereum (ETH) reached a market capitalization of $40-50 billion in the last cycle, but such comparisons may not necessarily continue. - **Diminishing Returns**: Future market growth may not be as significant as in the past. - **Competition**: More projects may take market share from larger crypto assets.
The conclusion is that ADA reaching $10 is an extremely optimistic forecast. I believe a more realistic target for ADA is around $5-6, while reaching $8-11 would require very favorable market conditions.