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Benefits of attending Blockchain Events in 2020

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Blockchain Event

Blockchain, a phenomenon that has forced the worldwide industry to strengthens its security protocols. If you are following the latest market trends, you will surely know that blockchain will continue to broaden its impact on Bitcoin and cryptocurrency market plus the Blockchain’s effect on the monetary system is unbeatable. So, blockchain has a massive impact on the economy and to handle this big boom it is important to have education, experience and contacts to make decisions which will bring positive returns. You can get an education, experience, contacts and many more via blockchain events.

Knowledge

Blockchain Events are stuffed with Blockchain experts, crypto enterprise leaders, representatives of massive tech organizations and lots more. These representatives take their time to guide you to apprehend all the ins and outs of Blockchain, including its practical applications in the tech world. These influencers and specialists have paved a way for volunteers to get commenced as quickly as possible.

Uncover new products and technology

You can discover new products or any technology that really suits your nature of business and take your business to a subsequent level. Moreover, you can also collaborate with vender with common interests. Attending Blockchain Events can help you to explore new market opportunities, a place to make your careers.

Widen Networks

Spending a day in attending events can add several new multi-talented people in your contact list.  At events, everyone come to interact with each other, an association can result in joining a force for an attendee for a project or simply a reference for later use. Remember, a contact is a contact, and it is possible that you may need it in future.

Also, attend the side events which can further increase your network. You will get first-hand knowledge from people who have actually developed the technology and inside events you can talk in a friendlier environment.

Conclusion

Attending the blockchain events in 2020 provides you with an opportunity to meet the elite members of the crypto world. Attendance can prove to be an educational opportunity and networking experience.

Source: https://www.blockchaineventslist.com/benefits-of-attending-blockchain-events-in-2020/

Blockchain

Market Analysis Report (14 Aug 2020)

Mike Novogratz’ Galaxy Digital Told Financial Times Readers to Invest in Bitcoin | U.S. Seizes Bitcoin From Crypto Wallets Tied to Terrorist Groups | Epic Games Blasts Apple for Barring Payment Innovations Like BTC

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Mike Novogratz’ crypto-focused merchant bank, Galaxy Digital, has published a full-page ad on August 13 in the UK-based international business newspaper Financial Times telling readers that “now is the time to invest in bitcoin.”

Barry Silbert, the current CEO of cryptocurrency investment firm Grayscale Investments and the founder and CEO of the Digital Currency Group, tweeted out the ad, which reads that in uncertain times, bitcoin is a hedge independent of the hegemony.”

At the end of the ad, there’s a call-to-action asking users to go to the URL for Galaxy Fund management, the crypto funds division of Galaxy Digital.  The firm offers a number of “Galaxy Bitcoin Funds,” which are a “low management fee, institutional grade vehicles for bitcoin exposure.

The full-page ad on the Financial Times comes a few days after Grayscale Investments unveiled its own TV commercial about digital currencies that did not explicitly mention bitcoin.

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Blockchain

YAM Madness Drove LINK to New ATH Above $17, Will It Last? (Chainlink Price Analysis)

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  • Chainlink surged by another 18.5% today to bring the price for the coin as high as $17.90.
  • This move created a new ATH value for LINK and allowed it to claim the 5th ranked position according to market cap.
  • Against Bitcoin, LINK also created a new ATH value as it reached as high as 153,000 SAT today.

LINK/USD: LINK Pushes Into Fresh ATH at $17.90

Key Support Levels: $16, $15.10, $14.
Key Resistance Levels: $17.90, $19, $19.50.

Chainlink is showing zero signs of slowing its pace after it surged by a further 18.5% today to push the coin into $17.90. The move was likely propped by the YAM farming craze, as LINK was one of the tokens eligible for yield farming in the protocol.

At these levels, however, it met resistance at a 1.618 Fib Extension and headed lower toward $16.84.

Chainlink has been on a remarkable run as of recently. It climbed by a total of 75% in this past week alone, surpassing everybody’s expectations. Despite the parabolic increase, Chainlink’s intrinsic value stems from the fact that the entire DeFi ecosystem requires its decentralized pricing oracle.

The surge today also allowed Chainlink to flip Bitcoin Cash and claim the 5th ranked position as it currently holds a market cap of almost $6 billion.

linkusd-aug13
LINK/USD. Source: TradingView

LINK-USD Short Term Price Prediction

Looking ahead, if the bulls push higher again, the first level of resistance lies at $17.90 (1.618 Fib Extension – orange). Beyond this, resistance lies at $19, $19.50, and $20. If the buyers push further above $20, additional resistance is located at $21 (1.272 Fib Extension) and $22.80 (1.414 Fib Extension).

On the other side, the first level of support lies at $16. Beneath this, additional support is found at $15.10 (.236 Fib Retracement), $14, and $13.35 (.382 Fib Retracement).

Both the RSI and Stochastic RSI are in overbought conditions, which could suggest the market may be overextended. However, it is essential to note that when a coin is surging, the RSI has been known to remain overbought for extended periods.

LINK/BTC: Bulls Reach As High As 153,000 SAT For The First Time

Key Support Levels: 140,000 SAT, 131,000 SAT, 117,600 SAT.
Key Resistance Levels: 153,300 SAT, 161,200 SAT, 170,000 SAT.

Against Bitcoin, LINK also surged further higher this week as it broke the previous resistance at 117,600 SAT and pushed higher to reach the 153,300 SAT resistance today (1.618 Fib Retracement).

The coin has since dropped slightly as it trades at 146,700 SAT, but the momentum appears to be in favor of the bulls.

linkbtc-aug13
LINK/BTC. Source: TradingView

LINK-BTC Short Term Price Prediction

Looking ahead, if the buyers push above 150,000 SAT again, the first level of resistance lies at 153,300 SAT (1.618 Fib Extension). Above this, additional resistance is located at 161,200 SAT (1.414 Fib Extension – purple), 170,000 SAT, and 178,600 SAT (1.618 Fib Extension – purple).

On the other side, the first level of support lies at 140,000 SAT. This is followed by support at 131,000 SAT (.236 Fib Retracement), 117,600 SAT (.382 Fib Retracement), and 110,000 SAT.

Likewise, both the RSI and Stochastic RSI are extremely overbought, which suggests that the market may need to retrace slightly.

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Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.

Cryptocurrency charts by TradingView.


Source: https://cryptopotato.com/yam-madness-drove-link-to-new-ath-above-17-will-it-last-chainlink-price-analysis/

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Average Ethereum Transaction Fees Soar To New ATH as Yield Farming Booms

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The Ethereum transaction fees reached a new all-time high following the latest DeFi craze YAM. A simple approval operation on some decentralized exchanges like Uniswap costs upwards of $13 on occasions.

ETH Gas Fees Through The Roof

The Ethereum blockchain is the underlying technology behind the majority of the DeFi-based projects. Investors wanting to allocate funds into such assets can do so by swapping ETH on platforms like Uniswap.

The multitude of emerging projects, as well as the increased usage of Ethereum, result in a clogged network. There are about 150,000 pending transactions at the time of this writing. Consequently, users who want their transactions to be prioritized are paying higher gas prices, driving the overall fees higher.

As per data from Glassnode, ETH fees have been surging continuously for the past several weeks. This resulted in miners receiving over 42% of their revenue from fees, which was another ATH.

Ethereum Miner Revenue: Source: Glassnode
Ethereum Miner Revenue: Source: Glassnode

Furthermore, information from Blockchair shows the rising fees as the average gas spent while transferring ETH tokens has just reached a fresh all-time high of over 0.02 ETH. This amount (worth about $8) has surpassed the previous record registered in December 2016 of 0.017 ETH.

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Ethereum Average Fee. Source: Blockchair
Ethereum Average Fee. Source: Blockchair

Is It All Yam?

The most apparent reason for this particular surge could be attributed to the latest DeFi boom – Yam Finance. Marketed as an innovative experimental protocol with an elastic token (YAM) supply, it offered investors significant yields through a fair farming ecosystem.

The interest in farming YAM was so high that the total value locked reached over $500 million a day after launching. Moreover, the massive demand drove most prices within the DeFi sector higher yesterday.

Further data from Glassnode reveals that within the first two days of being live, over 8,600 unique addresses were holding the token.

YAM Non-zero Addresses. Source: Glassnode
YAM Non-zero Addresses. Source: Glassnode

The story of Yam Finance, however, had an unfortunate end. The financial experiment that started on August 11th crashed after an error in its rebasing mechanism that the team failed to address in time. The value of the token also tanked from over $100 yesterday to less than $1 today.

Although the situation appears gloomy, to say the least, the team has published a Medium post in which they outlined that YAM, despite its failure, has “brought together an immensely special community around YAM.” As such, they “plan to support the launch of YAM 2.0 via migration contract from YAM,” as long as they raise enough funds through a Gitcoin grant.

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Source: https://cryptopotato.com/average-ethereum-transaction-fees-soar-to-new-ath-as-yield-farming-booms/

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