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Huobi supports Tron’s decentralized applications now

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Huobi

Huobi calls itself “The Financial Hub of Digital Assets.”

The Huobi group was established in 2013 with financing by ZhenFund and Sequoia Capital, which are amongst the cryptoverse’s biggest players when it comes to venture capital. The platform’s turnover is higher than 1.2 Trillion USD and, once upon a time, it managed 50% of the global trading volume.

The group has created more than sixty upstream and downstream enterprises. These subsidiaries are compliant in countries like Hong Kong, Brazil, Canada, Australia, the United Kingdom, South Korea, Japan, and Singapore. That allows this industrial group to service millions of users in 130 countries in the world.

Huobi’s platforms include a wallet (Huobi Wallet). Yesterday, Huobi announced that its wallet will support Tron’s decentralized apps now. That’s not surprising as Huobi has become one of the world’s more Tron-friendly platforms (and wallets). And if you download your Huobi Wallet right now you’ll be able to share in a pool of 10 million TRX tokens over the next three days.

Wallets and decentralized networks

The next question would be, why should you ever need a wallet to navigate Tron’s web? It’s actually very simple. Decentralized applications are not exactly free to use. For instance, if you’re going to use TronBet to have some fun you’ll need a few TRX tokens to place bets.

But even if you don’t, using a decentralized network needs for users to own some tokens. That’s why every blockchain includes tokens within the project. If you’re using dApps you need to have some tokens to browse around the network.

You have to pay a little (or a lot if you’re in Ethereum) for every click or transaction. That’s called “gas”. And it’s a good thing. It’s not about greed from the network. It’s about avoiding the kind of abusive behavior that ends up in DoS attacks and things of the sort because you can’t send infinite requests to a website if you have to pay for each answer.

So this is a good thing. Now you can use one of the world’s most reliable wallets (Huobi’s obviously) to join Tron and have some fun around the network. This is not small potatoes if you take into account that Tron is now the world’s largest decentralized network when it comes to dApps (yes, it’s beaten both EOS, and Ethereum, its closer competitors).

This gives cryptonauts all over the world extra resources, means and ways to join the Tron Network. It’s never been easier to join.

Over the next few months, Tron will become the world’s largest decentralized networks. That will happen as the BitTorrent becomes a part of the Tron Network and then, the world’s largest provider of decentralized content in the world will be Tron, hands down.

Even Youtube and Google will be utterly unable to compete. And Tron will be decentralized and will provide passive income for users.

And that, as the time comes, will also be helped by the ability to use your Huobi wallet as you browse around the new Tron/BitTorrent network (it will be called Project Atlas).

So this is great news for both Tron and Huobi. We salute Huobi’s decision!

Image courtesy of Pixabay.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

Ripple speed is a critical differentiator in global remittances, says Instarem CEO

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How the company was created

It all started with a friend’s bachelor’s party. No, seriously. It was in Thailand. At least that’s the story told by Instarem’s website.

Let’s see. Prajit Nanu, a former global sales director for TMF Group, also Sales & Account Management at WNS was charged with booking a resort for that party in Phuket, Thailand. For that, he had to transfer money overseas and he found it was a nightmare. It was slow, expensive, he had to cut through a lot of red tapes. It just wasn’t worth it but it was unavoidable.

That experience made Mr. Nanu join forces with Michael Bermingham, a close collaborator. Also an expert in compliance in three different continents (Europe, Asia, and North America). They had a vision together. International payments should be painless. Quick, cheap, devoid of paperwork. And that’s how Instarem was born.

A successful global remittance service

The company now operates in the United Kingdon, the USA, Lithuania, India, Malaysia, Singapore, Hong Kong, and Australia through local offices but it does business in more than 50 countries scattered all around the planet. The company is thriving.

It was the winner of the Singapore Fintech Award Festival in 2017 and declared the Outstanding Digital Cross-Border Money Transfer Service at the ET Net FintTech Awards, 2017.

What’s the firm’s secret for such success? It’s blockchain technology. More specifically, it’s Ripple‘s blockchain technology, software platforms, and cryptocurrency (XRP) which are designed exactly to get rid of almost all the friction still prevalent in the settlement of international payments.

The interview

Mr. Nanu himself explained that in a recent interview. He explained how the market has two main problems to solve: cost and speed. His own focus is in attacking the speed problem first (making international payments as quick as domestic ones). Being part of the RippleNet helps InstaReMit to expand without actively looking for new partners in other countries because every new bank or remittance service that joins the RippleNet automatically becomes a new institution available for business.

YouTube video

When asked why he chose to partner up with Ripple he went back to the question of speed. Ripple’s services and platforms allow his company to solve that problem in a very safe and reliable way which is paramount in his priorities.

This technology allows banks in SouthEast Asia, for instance, to send money to, say, the UK and have the transaction completed in five minutes. It’s huge progress if you take into account that the very same payment, sent through the standard channels, needs at least 24 hours (but often it can be 48 to 72) to reach its destination.

He finished saying “All our success is based on how fast our payments can be”. In other words, all their success is to be Ripple’s strategic partner, more or less. That’s a lot to say.

It seems that every financial institution in the planet who’s giving Ripple a try is falling in love with it, because it really makes things a lot easier for the banks at the same time that it improves the experience for customers because it’s not only so much faster but also so much cheaper.

Ripple has more than 200 strategic partners as we write this, and a new one is announced every week on average.

Image courtesy of PixaBay.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

More good news for Ripple, this time it’s from Malaysia

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Ethereum vs. Ripple

The cryptocurrency market is an incredibly strange thing. A few days ago, a traffic analysis report found (and published) that Ethereum’s decentralized apps are basically abandoned by users and that most of them are empty.

Ripple, on the other hand, has been reporting great news for months. They have a really positive announcement to show to the cryptoverse at least once a week, and that’s on quiet weeks.

So what happened next? Ethereum’s price went up, it recovered the market’s second spot by market capitalization (which was Ripple’s for several weeks already) and Ripple’s XRP price went down. You see, this is the kind of thing that makes ordinary people be wary of the cryptoverse.

But it remains a close thing. We’re talking about 13.2 vs 12.3 billion USD in capitalization, so the difference is hardly meaningful (Bitcoin is almost at 64 Billion) so the table could turn with just a small fluctuation in either digital asset and that kind of thing is what happens almost every day in crypto.

An interesting question at this point would be: if news for Ethereum keep being negative (don’t forget that the network update had to be postponed also) and good for Ripple, will that keep giving Ethereum an advantage?

More good Ripple news

We will find that out soon enough because good news keeps coming Ripple’s way. This time, from Malaysia. And they’re not just good, they’re better than usual.

A few days ago, Malaysia’s CIMB bank launched a remittance service called SpeedSend. And it runs on Ripple’s technology. Transfers will be available to the USA, the UK, Australia, and Hong Kong and the service will be available in both CIMB Banks and CIMB Islamic Banks.

This is important for several reasons. The bank is announcing very explicitly that it’s the first bank in Malaysia to introduce Ripple’s technology as a commercial service. It’s in the ads for the service. That alone creates a lot more of awareness about the company, the project, and the technology.

Santander, for instance, already has a mobile app in Europe which allows for real-time money transfers that are powered by Ripple but the bank doesn’t make much of a sing and dance about it.

Besides awareness, there’s the fact that this is a commercial product deployed at the production stage. Ripple has more than 200 clients (banks, remittances) scattered all over the planet but most of them are using xCurrent or xRapid (Ripple’s platforms) at the testing stage, not on production, which mean they could still get cold feet. So for Ripple, this move is not just about getting attention, but credibility.

And last but not least: the bank is deploying the service in both its standard and Islamic branches. This can only be possible if authorities and specialists in Islamic financial services (yes, they do exist, they’re quite different, and they don’t operate by Western standards) have found Ripple to be an appropriate service for Islamic clients.

That opens the doors for Ripple in the whole of the Islamic world, and it’s not clear that most of the Islamic financial establishment will accept any other digital asset in the future.

Ripple’s future

So Ripple keeps moving forward and, at the same time, XRP’s value keeps receding slowly. But this is not something you should worry about. XRP is fundamentally sound, it was the world’s most profitable coin during 2017 (the year of all profitable coins) and chances are that fundamentals will end up being more important in fixing its market price, rather than sheer speculation.

Image courtesy of Pixabay.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

SEC receives new Bitcoin ETF request

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A new Bitcoin ETF authorized by the Securities and Exchange Commission has been the talk in the cryptoverse for months now. So far, SEC has turned down all the applications but many experts believe that an ETF is unavoidable. But who will get the first authorization in the US? Ever heard of Reality Shares ETF Trust?

A new application is filed at SEC

Reality Shares ETF Trust filed a new registration statement with SEC just yesterday. They want to start an ETF that will include Bitcoin futures as an investment strategy and instrument. The Reality Shares Blockforce Global Currency Strategy ETF will be managed actively and listed on the NYSE Arca exchange. It’s “designed to provide investment exposure to global currencies, both fiat and virtual currencies,” according to the filing.

The new ETF, if accepted, will trade Bitcoin futures at the Chicago Mercantile Exchange and at the Cboe Futures Exchange.

The new firm’s portfolio will be composed of “high-quality, short-term (no greater than 18-month maturity), sovereign debt instruments” in US exchanges listed as pairs against Swiss Francs, Japanese Yen, British Pounds, Euros, and USD. And there will be more instruments available in “bitcoin futures contracts of various maturities listed for trading on U.S. exchanges that provide exposure to the price movements of bitcoin” as well as “money market mutual funds and/or other cash equivalents.”

The fund’s strategy to get access to Bitcoin future includes an investment that could be as high as 25% in a subsidiary it owns and controls in the Cayman Islands. The filing mentions the fund’s investment adviser in that he “will seek to limit the subsidiary’s investment in bitcoin futures so the fund’s aggregate notional exposure to bitcoin futures is limited to 15% of the fund’s net assets at the time of investment.”

A seasoned player

An advantage to Reality Shares is that it already operates two blockchain-based ETFs in partnership with Nasdaq. One is the Reality Shares Nasdaq Blockchain China Index (BCNA) and the other one is The Reality Shares Nasdaq Nexgen Economy ETF (BLCN). While it’s still anybody’s guess what would be the criteria that could persuade SEC to finally approve a blockchain ETF in the US, a proven track record could surely be very important. Also, the association with Nasdaq could confer credibility regarding integration with the traditional financial system.

The first one came online on June 20th, 2018 and tracks the long-term growth of investment returns in the Reality Shares Nasdaq Blockchain China Index, which includes blockchain-based firms from Hong Kong and mainland China. The first one is a bit older (January 17th) and it tracks similar markets but in the Reality Shares Nasdaq Blockchain Economy Index.

Is this application the one who gets accepted? We will find out soon. The most important thing is that, whatever ETF appears first in the US market, it could be the first step in attracting some serious institutional investors to join the cryptocurrency market. And that could be the key to unlock the next bull run.

Image courtesy of Pixabay.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

Bithumb crypto exchange launches digital assets OTC trading desk

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Bithumb, the largest Hong Kong exchange in terms of trading volume which majorly supports Bitcoin trading has recently launched Ortus’ backed over-the-counter exchanging desk. The platform is created on the idea of facilitating deep-pocketed investors to trade crypto off the books.

According to the press release made public on Feb. 7, Ortus’ backed OTC trading is regarded as the “service specifically for the institutional clients” by the exchange because of its assistance binding to the wealthy investors to perform large-volume trades, as it facilitates them to carry out direct trades that is opposite to the process done on the crypto exchange itself.

“Ortus will operate to allow institutions to buy and sell digital assets through a network of global liquidity providers and benefit from a competitive and best price execution service,” said by Rahul Khanna, the director of Bithumb.

Rahul Khanna further went on saying:

”Institutions trading digital assets need to open accounts at exchanges and OTC desks around the world; however, there is no real solution for an aggregated liquidity provider or a trusted interdealer where Institutions can trade these assets. To fill this market gap, Ortus will operate to allow institutions to buy and sell digital assets through a network of global liquidity providers and benefit from a competitive and best price execution service.”

To use the service; institutions first need to go through a strict on-boarding process which will be comprised of KYC (Know-Your-Customer) and AML (Anti-Money-Laundering) documentation provided by the applicants, the firm noted.

Although the firm has not announced about which crypto will be offered for OTC trading yet, but once all the required criteria for joining is met, customers will have the right to enjoy the exciting features provided by Ortus.

The ensured custody wallet, competitive pricing from the world’s largest OTC desks and liquidity providers, and a US-Based bank account are few of them.

More about OTC Desks

Ever since late 2017, when the reports about OTC market being noticeably larger than the cryptocurrency exchange market started to take place on the news realm, we have seen a significant number of exchanges having launched OTC desks over time.

Even Last year, TABB Group, international research and consulting firm focused primarily on capital markets, estimated the worth of OTC market of BTC to be 2-3 times higher than the exchange market.

To capitalize on the growing interests of institutions, many cryptocurrency exchanges worldwide have made moves into the over-the-counter (OTC) market ever since the report went public.

CoinBase, the leading crypto exchange and wallet provider from the US, had launched its OTC desks last year in November, for institutional customers. Poloniex also launched its over-the-counter trading desks for the wealthy investors, with a minimum order set to be of $250,000, the following month of December.

Last month of Jan has seen two notable digital exchanges Bittrex and Binance penetrating into the OTC market by introducing their own OTC desks.

Image courtesy of Pixabay.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

The key takeaways from Tron niTRON 2019

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The Tron project recently held its summit, in San Francisco, United States. This was a very anticipated event by Tron community members in particular, but by the cryptosphere at large as well.

Among the conference’s speakers were Kobe Bryant (yes, the NBA star who also happens to be a venture capital investor and expert since he owns a company in the industry) and Justin Sun, the project’s founder and Tron Foundation’s CEO.

So what did we learn from the summit? Four very interesting things. Let’s dig in.

BitTorrent Speed

Tron bought BitTorrent a few months ago. Why? Because it offers a lot of content to its users, and it has around a hundred million monthly users the world over which makes it the world’s largest decentralized network. So BitTorrent is in line with Tron’s ambition to decentralize the web, especially when it comes to content management.

The BitTorrent network will merge into Tron‘s blockchain and main net. That’s what Mr. Sun has called Project Atlas, and the new BitTorrent will have a new client application, which will be called “BitTorrent Speed”.

The news is that BitTorrent speed will be available during Q2. It will become the world’s largest blockchain application almost instantly. And it will use a Tron-based token (TRC10 technology) called BitTorrent Token (BTT) to incentivize users so they seed their files for longer times. Yes, you will be able to earn BTT just by leaving your BitTorrent speed on while you sleep, for instance.

The blockchain version of BitTorrent promises to be way faster than the standard version. It will be very interesting to see how many BitTorrent users will join the crypto verse through Tron.

New office

The Tron Foundation opened a brand new office in Hong Kong.

The Foundation was incorporated in Singapore and it has offices in Beijing as well. But Hong Kong remains an important hub and link between continental China and the rest of the world, so Tron’s new place in the island-city can only help its presence in the world at large.

Application status

Tron has now deployed 200 decentralized apps. That’s a lot of development done in a very short time interval (barely seven months) which means they know how to incentivize developers to create new software or to move it to Tron from other projects like Ethereum.

Of those apps, 142 use the blockchain’s native token (TRX or Tronix). There are more than three thousand developers involved in creating new apps. If you are wondering why only 142, the reason is that many apps have issued their own Tron-based tokens for internal use and for trade at Tron’s decentralized exchanges.

The network’s growth is of 20% weekly, which is exceedingly impressive and, at that rate, it’s going to leave EOS behind very soon.

Token market performance

Tronix went from 11th to 9th in market capitalization in just the last few weeks. It’s quite a remarkable achievement for any blockchain project to keep growing when most of the cryptosphere is shrinking, losing value, and many projects are surviving by their nails.

And that’s not all. According to projections shown at the summit, by year’s end, TRX will become the world’s fourth-largest coin.

Final thoughts

You could think that some of the announcements are a bit overoptimistic. But you should keep in mind that this is a project that so far has delivered in each and every promise it’s made. So don’t be surprised if all those statements become true over the next few months.

Image courtesy of PixaBay.

Tron (TRX) available on ELLIPAL’s cryptocurrency wallet

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What would a day in crypto be without news from Justin Sun? Tron’s CEO and founder knows for sure how to make waves in the cryptosphere, and he’s very adept in PR, especially when it comes to using his Tweeter account effectively. He’s very much like Donald Trump in that regard except that people tend to like and respect Mr. Sun.

The start of 2019 is not an exception. Right before the new year was about to start, he tweeted an announcement:

What is Ellipalwallet? Well, it’s one of those nice crypto toys, as described in Mr. Sun’s tweet. This one is made by Ellipal, and it’s a cryptocurrency wallet that looks very much like a cellphone, except that it’s not.

Ellipal Limited is a blockchain technology firm founded in Hong Kong in 2017, with a strong focus on digital assets. Its mission is to connect people into the cryptoverse safely and conveniently. They have a tool to achieve this. It’s a next-generation hardware wallet for every possible cryptocurrency user.

The company’s next-generation hardware wallet is mobile, and it’s designed to be a one-stop solution for crypto coins of all kinds. Any wallet user can do transactions, exchanges, and payments safely without effort. But also can be informed about the market’s conditions, information, trends, and news.

Since this wallet appeared in the market, it’s found its way to 30 different countries, and it has users the world over.

This is yet another piece of good news for Tron, a project that is quite used to report good news all the time. Every milestone announced by Tron’s leadership has been met on time, and it’s worked perfectly. This is contrasting with other projects (like EOS) that have announced several milestones throughout the last 12 months only to delay them or roll them back because they just don’t work properly.

Tron’s Tronix coin broke into the world’s top ten cryptocurrencies by market capitalization only last December. That was quite a feat in a year in which almost every asset lost lots of value (some lost 90%).

In that environment, Tron managed to keep growing and gaining value, at least in relative terms. And now, Tron is not only in the top ten but in the top nine and the last 24 hours; it’s the only token that’s been trading in significant green numbers.

The year is only starting and there’s already plenty of good news for Tron. And wait until Project Atlas mergest the world’s largest decentralized network (BitTorrent) with Tron’s blockchain. Great things are afoot for Tron, the project and the digital asset and it’s still very cheap at $0.028. It was the only coin that traded in double green numbers yesterday, and only a few days ago it was at around $0.01.

Keep an eye on Tron. The token may be cheap, but the fundamentals are strong, and when the bulls arrive again in crypto, it could be Tron who leads the way (along with other fundamentally strong coins such as Ripple or Electroneum).

Image courtesy of PixaBay.

TRX Gets Listed On CoinSuper

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Liquidity is an extremely important quality for any asset, be it regular or digital. A liquid asset is cash on hand or an asset that can be readily converted to cash. Being listed on more exchanges increases the liquidity of a digital asset. Tron did exactly that in the last year by listing TRX on a total of 66 exchanges, out of which the largest volume is held by Binance, Rfinex and OKEx. The latest exchange on which TRX will be listed was announced today.

Justin announced that TRX will be listed on Coinsuper, a Hong Kong-based “FIAT-to-Crypto” Exchange founded in 2017. Users will be able to deposit and withdraw TRX on the exchange starting with November 1’st, and exchange TRX/BTC and TRX/ETH starting with November 2’nd.

Coinsuper is committed to crafting a world-class cryptocurrency exchange to drive better participation into the financial world of digital assets. With its reliable, stable and high liquidity, as well as a deep bench of industry specialists, the platform has gained a solid foothold in the ranking of 24 hour trading volume among top 30 on CoinMarketCap.com  with over 1 million active users since its launch in February 2017. At the moment, Coinsuper is on the 27’th place in terms of 24 hour volume. Coinsuper has a total volume of $137.4 million in the last 24 hours. The largest volume on the exchange comes from ETH/USD, BCH/USD, BTC/USD and BCH/BTC.

The effects of these TRX listings on exchanges are not seen right now due to the current bear market. As a result, the TRX volume and price remains unaffected. Think of it as a seed, planted in the ground just before winter comes. The seed will remain covered, waiting for the right moment. When spring comes and the snow melts away, the seed will start to grow and be harvested once it reaches maturity. The same thing will happen to TRX in the bull market, yet to come.

Vitalik Buterin Slams U.S. Crypto Regulations, Calls for Major Reforms

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Ethereum co-founder Vitalik Buterin has slammed the United States over its takes on defining and regulating cryptocurrencies as securities. Crypto journalist Colin Wu shared the information on W Blockchain X post, noting that Buterin is concerned about the current regulatory environment.

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Buterin’s criticism is directed at the U.S. Securities and Exchange Commission (SEC) and its expansive definition of what is considered a security in the digital sphere. He pointed out that the given regulatory environment promotes the development of virtually useless projects and various empty promises of the possible returns. As stated by Buterin, the existing environment does almost nothing to encourage proper innovation and real value within the sphere of cryptocurrencies.

Buterin’s main problem with the SEC’s approach is that it leads to projects that are not very clear with the benefits they provide and make only speculative promises rather than real developments that can be advantageous to the digital industry. He noted that to qualify the promise of returns and rights as securities, there has to be a shift in the law. This shift should be towards the fact that the tokens being issued should be backed up by some form of economic activity.

Vitalik Buterin Urges Honest Crypto-Regulation

Buterin urges the regulators and the industry to work together honestly to realize this. He estimates that the regulatory environment could be made slightly less oppressive, while still allowing for the stifering of frauds that are unlikely to be of much use. Thus, according to him, it is high time to make such a shift for the further development of the cryptocurrency market.

Buterin made the remarks during the week when the cryptocurrency market is already under great pressure from the regulators across the globe. Given the fact that the digital asset market is still relatively new, governments and other regulatory authorities are still seeking the most suitable ways of managing it.

The crypto community will be waiting for the response of the regulators to Buterin’s suggestions to adopt change. Nevertheless, his words cannot but contribute to the existing discussion about the further development of the cryptocurrency regulation in the United States and the rest of the world.

Ethereum, Polygon, And Solana Key Investments For Future Gains

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Crypto analyst Cheeky Crypto has recently shared a video on YouTube in which he provides insights into the current state of the Bitcoin and Ethereum market. In the past few months, there has been a pullback in the cryptocurrency market with Bitcoin pulling backs.  Bitcoin declined to 22.3% in April and stood at 17.62% in March. These corrections have offered good dollar-cost averaging points to the investors. 

Cheeky Crypto highlights that Bitcoin is still trading in a sideways channel which may signal a preparation for the next bull run. He is bullish on future gains, especially with the Ethereum ETF approval in the near future and other factors in the market.

In his video, Cheeky Crypto explains his most recent and future actions in the investment aspect, specifically Ethereum and other opportunities. He has been gradually stacking ETH because of its good main and secondary levels.

Ethereum And Polygon Set For Major Gains

The approval of the ETF 19B4 filings has seen the price of Ethereum go up by a great margin. Cheeky Crypto is expecting that the approval of S1 filings will push the price of Ethereum even higher, possibly going up to $4,500 to $5,000 with higher targets at $6,500, $9,000, and even $22,000 in the long run.

Cheeky Crypto also concentrates on Layer 2 solutions for Ethereum, especially Polygon (MATIC). He is particularly thankful for Polygon which helps enhance Ethereum’s scalability and efficiency, stating that the latter will become the most preferred layer 2 solution. 

Although Polygon fell by 54% in the middle of March, it has demonstrated a strong recovery. Cheeky Crypto has been accumulating MATIC in this correction and expects it to perform a lot better in the future. He has a price prediction for Polygon for the long term of $77, meaning that there is a possible 10,000% growth.

Arbitrum And Solana, Key Investments For Future Gains

Another layer 2 solution that Cheeky Crypto is watching is Arbitrum. He also considers Arbitrum as a vital scaling solution for Ethereum even if it dropped by 64% from January to April. Cheeky Crypto expects the price of Ethereum to rise soon, and it anticipates that this will(result in high demand for Arbitrum); Cheeky Crypto places the price of Arbitrum at $4 to $6 in the near future with higher possibilities.

Cheeky Crypto explains how and why he invested in Solana for his retirement fund. He thinks Solana has a bright future and this is especially the case now that Ethereum ETF is set to be launched soon. Despite that, Solana has a 44 A 8% fall, however, Cheeky Crypto remains bullish on the future with a target of $245 to $314.

The analyst offered a bullish take on Ethereum’s and its layer2 solutions’ future. Thus, he advises investors to make sure they are up to date and take advantage of market dips to take large positions in these potentially profitable projects.