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Finder’s Experts Expect Solana to Surpass $1,100 by 2025, Over $5K by 2030 – Altcoins Bitcoin News

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At the end of October, the product comparison website finder.com published new survey data about price predictions concerning the leading crypto asset ethereum. On November 1, Finder’s researchers published price predictions for the ethereum competitor solana, as Finder’s panelists predict the digital asset is expected to reach $235 by the year’s end and $1,178 by the end of 2025.

Solana Expected to Hit $1,178 by 2025

During the course of 2021, finder.com, an investing companion application and product comparison website, has been covering a number of popular crypto assets to survey what people think about future crypto prices. Finder researchers have covered price forecasts for digital assets like bitcoin (BTC), ethereum (ETH), and litecoin (LTC). On November 1, the company published a survey that polled 50-expert panelists stemming from the fintech and crypto industry about the crypto asset solana (SOL).

Finder's Experts Expect Solana to Surpass $1,100 by 2025, Over $5K by 2030
Finder’s solana (SOL) price predictions published on November 1, 2021.

Solana has seen a significant increase in value and has recently positioned itself as the fourth largest market valuation on November 4. SOL’s market cap today is $72.4 billion and during the last month, SOL has gained 43%. Year-to-date, SOL is up a whopping 16,930% and the market valuation commands 2.54% of the entire crypto economy’s aggregate value ($2.85 trillion). The 50 expert panelists from Finder’s survey data indicate that the experts believe SOL will end the year at $235 per unit. Moreover, SOL is expected to jump to $1,178 by 2025, according to finder.com’s surveyed fintech specialists. In 2030, Finder’s panelists expect SOL to tap a high of $5,056 per unit.

Finder’s Expert Says Recent DDoS Attack Against Solana ‘Indicative of an Inherent Problem’

51% of the survey’s participants believe Solana’s proof-of-history (PoH) network will dominate the Ethereum network over time. However, 40% of the experts noted that the recent DDoS attack Solana suffered was an issue. While 51% said PoH could have an “edge over” Ethereum, 26% say it won’t and the other 23% are unsure. Joseph Raczynski, the Thomson Reuters technologist and futurist, thinks SOL will hit $250 by the year’s end.

“While vastly more centralized, Solana could perform well for less financially important asset tokenization projects,” Raczynski said in Finder’s survey. “If you need lots of transactions, but security is not important, Solana will eventually work.” Coinmama’s CEO Sagi Bakshi said that Solana’s DDoS attack was “indicative of an inherent problem” and estimates that by 2030, SOL will be trading for $50 per unit.

“I have no idea if Solana will survive, nothing at this point can indicate that it will succeed,” Bakshi told Finder’s researchers. Johannes Schweifer, the CEO of Coreledger AG, claims the recent DDoS attack against Solana was merely a “hiccup” and stressed that other crypto asset networks have suffered from “similar teething problems.”

“[Ethereum] experienced similar attacks in the past, too… It went down in history as a hiccup. So will this past DDOS attack on Solana,” Schweifer insists. However, concluding the survey’s commentary from the fintech specialists, Martin Froehler, CEO at Morpher, is sitting on the fence in regard to Solana’s recent mainnet issue. Froehler also agreed with Schweifer and noted that it was a “hiccup” but highlighted that it “uncovered a much bigger fundamental problem with Solana: its lack of decentralization.”

What do you think about the comparison website Finder’s survey on Solana’s future prices? Let us know what you think about this subject in the comments section below.

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$235 per unit, 2025, 2030, 50 experts, End of 2021, Ethereum, Ethereum (ETH), Finder.com, Finder’s survey, Gains, Johannes Schweifer, Joseph Raczynski, Martin Froehler, POH, price predictions, proof of history, Research, SOL, Solana, Solana (SOL), Survey

Image Credits: Shutterstock, Pixabay, Wiki Commons, Finder’s Solana Survey

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

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Uzbekistan Allows Residents to Trade Cryptocurrencies on Local Exchanges – Exchanges Bitcoin News

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Changes to the rules governing activities of crypto exchanges in Uzbekistan now allow residents to trade coins on licensed platforms. Uzbekistanis could previously only sell their digital assets. The new provisions also regulate the issuance of tokens and their listing.

Uzbekistan Loosens Restrictions on Domestic Crypto Trading

Uzbekistanis will be able to trade digital currencies on the country’s licensed crypto exchanges. This has become possible after the National Agency for Project Management (NAPM) under President Shavkat Mirziyoyev recently amended the rules pertaining to local cryptocurrency trade.

According to the new regulations, residents of Uzbekistan can buy, sell, and exchange crypto assets domestically for their national currency, Forklog reported, quoting a decree issued by the agency’s director. Non-residents are allowed to exchange cryptocurrencies for foreign fiat as well.

Uzbekistan legalized crypto trading in 2018 but in late 2019 the government banned local residents from purchasing cryptocurrencies. They could only sell. The regulatory body explained that the lifting of the restrictions has to do with citizens changing their approach to crypto investing which has become “more rational and balanced.”

In September this year, the NAPM warned against trading on unregistered platforms, reminding residents that in accordance with the presidential decree “On measures to develop the digital economy in the Republic of Uzbekistan” and the law “On licensing and notification procedures,” crypto exchange operations are subject to licensing.

The amendments further concern the issuance and trading of digital tokens. The National Agency for Project Management prohibits the listing of unsecured tokens on local exchanges. The regulations define tokens as a unit of account secured by tangible or other property and used to attract investment, NAPM detailed.

Authorities in Tashkent have maintained a generally positive attitude toward the crypto space. In January 2020, they announced plans to establish а national mining pool, create a blockchain valley, introduce crypto tax exemptions, and establish a cryptocurrency exchange. Uznex, a digital asset trading platform operated by the South Korean entity Kobea Group, was launched later the same month.

However, the use of cryptocurrencies as a means of payment for goods and services is still prohibited in the Central Asian country. In September, the Central Bank of Uzbekistan ruled out the idea that bitcoin and the rest could be recognized as legal tender in the country. That’s unlikely to ever change, a high-ranking official was quoted as stating.

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Bitcoin, central asia, Coins, Crypto, crypto assets, crypto exchanges, crypto trading, Cryptocurrencies, Cryptocurrency, Digital Assets, digital coins, Exchanges, Investors, licensed exchanges, licenses, licensing, non-residents, permission, residents, restrictions, Traders, Trading Platforms, Uzbekistan, Uzbekistani

Do you expect Uzbekistan to further loosen its crypto regulations? Let us know in the comments section below.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

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Ethereum Gains Momentum, Dips Turn Attractive In Near-Term

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Ethereum gained pace above the $4,350 resistance against the US Dollar. ETH could accelerate higher if there is a clear break above the $4,550 resistance zone.

  • Ethereum is trading in a bullish zone above the $4,350 level.
  • The price is now well above $4,250 and the 100 hourly simple moving average.
  • There is a major bullish trend line forming with support near $4,360 on the hourly chart of ETH/USD (data feed via Kraken).
  • The pair could continue higher if it stays above the $4,350 support level in the near term.

Ethereum Price Extends Gains

Ethereum extended increase above the $4,350 resistance level. ETH price even broke the $4,440 level and settled well above the 100 hourly simple moving average.

There was a steady increase and the even climbed above $4,500. A high was formed near $4,552 and the price is now correcting lower. It traded below the $4,500 level. There was a break below the 23.6% Fib retracement level of the upward move from the $4,169 swing low to $4,552 high.

Ether price is now well above $4,250 and the 100 hourly simple moving average. There is also a major bullish trend line forming with support near $4,360 on the hourly chart of ETH/USD.

Ethereum Price

Source: ETHUSD on TradingView.com

An initial resistance on the upside is near the $4,500 level. The first major resistance is near the $4,550 level. A close above the $4,500 and $4,550 levels could start a fresh increase in the near term. In the stated case, the price might rise towards the $4,620 level. Any more gains could lift the price towards the $4,750 zone in the near term.

Dips Limited in ETH?

If ethereum fails to start a fresh increase above the $4,500 level, it could extend its downside correction. An initial support on the downside is near the $4,400 level.

The first key support is now forming near the $4,350 level, the trend line, and the 100 hourly simple moving average. The trend line is near the 50% Fib retracement level of the upward move from the $4,169 swing low to $4,552 high. A downside break below the trend line could lead the price towards the $4,250 support.

Technical Indicators

Hourly MACD The MACD for ETH/USD is gaining pace in the bearish zone.

Hourly RSIThe RSI for ETH/USD is now correcting lower towards the 40 level.

Major Support Level $4,350

Major Resistance Level $4,550

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Russians transact $5B in crypto each year, Bank of Russia says

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Russian people are among the worlds most active participants of the cryptocurrency market, according to the countrys central bank.

The Bank of Russia published a fresh review on financial stability on Thursday, pointing out the countrys growing role in the $2.8 trillion market.

Citing estimations reported by major local banks in July 2021, the Bank of Russia suggested that the total annual volumes of crypto transactions of the Russian population amount to 350 billion rubles, or $5 billion.

It is unclear whether the Bank of Russia has converted these estimations as the price of Bitcoin (BTC) has almost doubled since July, surging from around $30,000 to over $60,000 in November.

In the report, the Bank of Russia also noted that the Russian Federation is among global leaders in terms of visits to the Binance cryptocurrency exchange. According to data from the digital intelligence provider SimilarWeb, Russia is the second bigg in terms of total traffic on Binance after Turkey.

The Russian central bank also noted that Russia is one of the worlds largest Bitcoin mining countries, ranking third in terms of national hash rates, according to Cambridge Bitcoin Electricity Consumption Index as of August 2021.

Despite admitting Russias leading position in the global cryptocurrency market, the Bank of Russia still outlined major risks associated with the industry, including those associated with financial stability, investor protection, money laundering and criminal financing as well as ESG risks.

The central bank did not suggest any immediate measures to address these risks but said that it would be closely monitoring the market to identify potential threats:

The relationship between digital currencies and the financial sector remains limited at the moment. However, the rapid growth and the widespread adoption of digital currencies would pose higher risks both globally and for the Russian financial market.

Related: Russian crypto market worth $500B despite bad regulation, says exec

The Bank of Russia has taken a hard stance on cryptocurrencies, with governor Elvira Nabiullina arguing that responsible governments should not drive crypto adoption. The central bank is known for not allowing local banks to deal with crypto and promoting the use of its own digital currency instead. This has led to a situation where no Russian crypto exchange can now offer its services legally.

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