BITCOIN Price Will Be 30,000$ By End Of The Year

Bitcoin could be set for a dramatic rise in value by the end of 2018, founder and chairman of investment firm LDJ Capital, David Drake has predicted.
Speaking on the future of the cryptocurrency after the First G20 Meeting of Finance Ministers and Central Bank Governors of 2018, he told Bloomberg that it had been “a cold winter.” By year end, however, he said bitcoin’s price could reach $30,000.

Cryptocurrencies were high on the G20 agenda, but ministers did not agree on what Bloomberg called “a uniform clampdown on the currency.”
“I’d say this year is a cryptocurrency Wall Street time and … we think cryptocurrency on the bitcoin will be worth $30,000 at the year end—it is limited,” Drake said.
It has been a tumultuous year for the cryptocurrency, whose value shot up from some $950 in March 2017 to record highs of nearly $20,000 in December 2017, as tracked by CoinDesk.

Reports of bitcoin millionaires flooded in as cryptocurrency newbies rushed to get in on the action. Some governments, skeptical of the decentralized digital currency, have put legal restrictions on bitcoin.
As well as the G20 meeting, Drake reacted to recent comments made by Twitter and Square CEO Jack Dorsey to U.K. publication The Times. Dorsey predicted bitcoin would overcome problems like scaling and eventually become more important than even the dollar.

“The world ultimately will have a single currency, the internet will have a single currency. I personally believe that it will be bitcoin,” he said. “This would happen over the next decade, but it could go faster.”

Drake told Bloomberg he thought Dorsey might have meant bitcoin would become an “acceptable currency on a global basis,” because it was the first of its kind. Of digital currencies, he said, “There will be hundreds. Today you’ve got 1,500.”
Some of the cryptocurrencies on the market are “fraudulent,” “weird” and “strange,” he added. Bitcoin, he predicted, would keep its place as king of the digital currencies.

Source: http://www.newsweek.com
Image Source: Investopedia

 

TRON (TRX): Zero Chance Of Coming Back?

Hello TRON (TRX), it’s a bad day!
TRX is sliding pretty fast as its price drops double digits  after successful testnet launch.

One thing is indisputable here: The TRON Foundation and the TRX team have delivered yet another milestone as they inch ever closer to their mainnet.
It is one step that should help bring a new era to the revolutionary ideas behind the project. And as the team presented what they called “the future of TRON” expectations were moon high for TRX and its fervent community.
However, what looked like the beginning of a new dawn has quickly been followed by a cloud of despair for enthusiastic TRX investors. The falling price goes against what mostly happens when positive events like this one take place.
Beginning of new era, but on a very low note!

At the live launch presentation, TRON founder Justin Sun emphasized that what he really cared about is the future of the project and not the price of its native coin, at least not in the short-term. He talked about the how this important event marked the completion of the necessary infrastructure needed for TRON to finally deliver on its blockchain ideas.
At the event, it appeared all was set and a celebration was on the cards. On his Twitter page, Justin promised that the future had just begun and TRON would keep going.
But in a matter of hours, TRX has plummeted at a market-high -20.19% over the 24 hour period. This comes after the cryptocurrency had surged in value to rise to the top 10 in the market. But hardly had the microphones been disconnected than prices began dropping and now TRON is down to 13th position.

At the time of writing, TRX is the worst performing coin in the market’s top 50 as can be seen on the 24h charts by CoinMarketCap.om. The coin opened at $0.0425 on Saturday morning and briefly rose to trade at $0.0428, but has shed ground so quickly to leave some investors cursing the losses they have incurred. It is now trading at $0.0355.
Many hoped that the price would appreciate after the launch. It still may, but the events immediately are confounding, to say the least. The launch of the test net was perhaps over-hyped by the TRON team and its community. Bagholders believed the price would surge, but could now be panic-selling to avoid getting into even more murky waters. They are the ones calling for sell-offs. However, others believe the long-term value of TRX is not debatable with such a step as the test net launch. For such a group, hodling is the best thing.

Coin burn?

The 65+ billion TRX in circulation is one aspect that plays against the value of the token. There was a great deal of hype concerning a coin burn that would have a big impact on the price value. It was expected that TRON would undertake a coin burn to help give the value of TRX a boost. An announcement that the community had been holding out for did not come. And that seems to have hurt sentiment for some, prompting a rush to sell. Nevertheless, a mere coin burn can’t guarantee that this token will rise overnight.
Even though this test net represents a definite step in the right direction, other factors could come into play and distort everything. And to echo TRON founder Justin Sun, the belief in the future of the project should supersede short-term price values. The coin burn represents one way in which the team could ensure a balance in supply-demand, and therefore, value.

Source: http://www.stocksgazette.com

120 Million? Vitalik Proposes Cap on Ether Cryptocurrency

Vitalik Buterin has penned a new proposal that could lay the foundation for resolving one of the ethereum network’s biggest outstanding questions – whether a limit on the amount of ether that could be created would ever be set.
In a new ethereum improvement proposal (EIP) authored April 1, the cryptocurrency’s creator issued his latest thoughts on the matter, posing to developers and software users that the maximum supply of ether, the network’s cryptocurrency, be set at 120,204,432, “or exactly 2x the amount of ether” sold in its original sale in 2014 in a forthcoming software change.

As such, the comments mark one of the first times Buterin has directly addressed the platform’s monetary policy, a subject whose lack of clarity has drawn critics, including from investors who have publicly doubted its potential as an investment opportunity.
While no more than 21 million bitcoins will ever be created as per the rules of the bitcoin protocol, ether has long had a more open-ended policy. Per the terms of the original issuance, up to 18 million ether are allowed to be issued every year, though it has long been said the terms would change following a milestone change to the protocol’s design.
Elsewhere in Sunday’s post, Buterin sought to position the idea, if embraced, would “ensure the economic sustainability” of the platform following the move to a new algorithm by which ether are created. (As profiled by CoinDesk, ethereum intends to soon ditch the proof-of-work model originated by bitcoin in favor of an alternative proof-of-stake algorithm called Casper.)

Indeed, Buterin views the coming shift as an ideal time to provide clarity on how those who operate the software necessary to verify transactions will be rewarded in the future, even if the exact terms are still clearly in the ideation phase.
According to the post, Buterin foresees situations in which a monetary policy wouldn’t be decided until after 120 million ether have been issued, at which point he has proposed selecting another alternative limit as high as 140 million.
Still, it’s important to note that the proposal is just that – a proposal.
Even with the statements, ethereum developers and users would still need to embrace the change, merging the formal code into the software that the idea would require. As such, while notable, it may just be the start to a process that could take months or years, if pursued.