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Ark Invest's Cathie Wood Is Bullish on a Cryptocurrency That Could Soar 2,122% by 2030
Yahoo Finance 2025-10-24 10:50
Group 1 - Cathie Wood is a prominent investor with a net worth exceeding $200 million and is the founder of Ark Invest, which manages several growth-oriented ETFs [1] - Ark Invest's strategy focuses on high-growth stocks and includes investments in riskier assets like cryptocurrencies, launching five crypto-oriented ETFs in late 2023, but liquidating four of them [2] - The remaining ETF is the ARK 21Shares Bitcoin ETF, which tracks Bitcoin's spot price, with Wood predicting a potential price surge of 2,122% from approximately $108,000 to $2.4 million by 2030 in an aggressive scenario [3] Group 2 - Bitcoin, launched in 2009, is distinguished as the first true cryptocurrency, utilizing a proof-of-work (PoW) mechanism for mining [4] - The mining process has evolved, requiring powerful ASICs due to increasing difficulty from halving events, with a maximum supply of 21 million coins, of which 19.9 million have been mined [5][6] - Bitcoin's PoW blockchain is energy-intensive compared to proof-of-stake (PoS) blockchains, which consume less power and support smart contracts, leading to different valuation metrics for PoW and PoS cryptocurrencies [7] Group 3 - Cathie Wood maintains a bullish outlook on Bitcoin, believing its scarcity will attract more retail and institutional investors, although her estimates should be approached with caution [8]
KuCoin Debuts KuPool: A Mining Pool for DOGE, LTC, and Soon BTC
Yahoo Finance 2025-10-23 16:00
Core Insights - KuCoin has launched a new mining pool service called KuPool, supporting proof-of-work assets like Dogecoin, Litecoin, and soon Bitcoin, expanding its ecosystem [1][3] - KuPool emphasizes trust and security, utilizing a verifiable hash rate mechanism for real-time tracking of contributions and payouts, and incorporates low-latency technology and multi-layer encryption [2] - The long-term goal of KuPool is to promote a balanced global hash rate distribution, aiming for sustained growth, stable returns, and strong miner retention [3] KuCoin's Expansion and Global Reach - KuCoin has surpassed 40 million registered users globally and records over $11.6 billion in daily trading volume, listing more than 1,000 crypto tokens [4] - The company launched a $2 billion "Trust Project" earlier this year to enhance transparency and security in the crypto sector [4] - KuCoin Pay has partnered with SPAR supermarkets in Switzerland for everyday crypto payments and is expanding in Southeast Asia, joining Thailand's G-Token initiative and signing an MoU with Vietnam's Blockchain and Digital Assets Association [5] Integration of Services - KuPool aims to integrate mining, trading, and payment services into a comprehensive ecosystem, further extending KuCoin's influence in the crypto market [6]
X @BSCN
BSCN 2025-10-21 07:40
RT BSCN (@BSCNews)馃 ULTIMATE GUIDE: KASPA $KAS - How does @kaspaunchained deliver lightning-fast scalability while maintaining PoW security...? Learn now https://t.co/CVmSp5m0t8 ...
X @BSCN
BSCN 2025-10-20 17:33
馃 ULTIMATE GUIDE: KASPA $KAS - How does @kaspaunchained deliver lightning-fast scalability while maintaining PoW security...? Learn now https://t.co/CVmSp5m0t8 ...
X @mert | helius.dev
mert | helius.dev 2025-10-18 20:10
Market Dynamics - Privacy coins benefit from the reluctance of VCs and large funds to invest due to legal concerns [1] - This dynamic prevents institutional entities from exerting undue market influence through large sell-offs [1] Cryptocurrency Analysis - The combination of an 8-year Proof-of-Work (PoW) distribution and limited institutional investment provides individual investors with a unique advantage [1]
Crypto for Advisors: Litecoin Explained
Yahoo Finance 2025-10-16 15:00
Core Insights - Litecoin (LTC) is recognized as a resilient cryptocurrency with a strong track record, often referred to as "the silver to Bitcoin's gold" due to its faster transaction times and lower costs [5][12][13] Security and Network Health - Litecoin has enhanced security through a merged-mining arrangement with Dogecoin since 2014, which strengthens protection against 51% attacks [1] - The network has maintained uninterrupted uptime since its inception, a rarity in the blockchain sector, and has low transaction fees averaging under 10 cents [3] - The hash rate has increased in recent years, supported by improved Scrypt ASIC efficiency and combined mining rewards with Dogecoin, leading to higher overall network security [9] Technological Innovations - Litecoin was the first major network to activate Segregated Witness (SegWit) in 2017, optimizing block space and resolving transaction malleability [2] - It also played a key role in pioneering the Lightning Network (LN), enabling instant, low-cost payments [2] Supply Dynamics - Litecoin's issuance schedule mirrors Bitcoin's, with over 90% of the total 84 million LTC supply already mined and annual inflation under 2% [7] - The next halving is expected in July 2027, which will reduce inflation below 1%, making it comparable to traditional safe-haven assets [7] Market Valuation - Litecoin's NVT ratio, which measures market capitalization relative to on-chain activity, is below that of Bitcoin and Dogecoin, suggesting it may be more fairly valued relative to its utility [10] - The MVRV ratio remains below long-term bull market levels, indicating subdued speculative excess [10] External Sentiment - Google Trends data shows a steady decline in searches for "Litecoin" since its 2021 peak, reflecting reduced retail enthusiasm, which has historically aligned with undervalued entry points in previous market cycles [11] Investment Considerations - For financial advisors, Litecoin represents a durable asset that has survived multiple market downturns and consistently delivered on its value proposition of fast, low-cost, reliable transactions [12] - It can be viewed as a diversification tool within crypto allocations, offering exposure to a network distinct from Bitcoin while maintaining a proven security model [18]
Is Dogecoin a Millionaire Maker?
Yahoo Finance 2025-10-13 08:30
Core Insights - Dogecoin, initially a meme-based parody of Bitcoin, has turned early investors into millionaires, launching in 2013 at $0.00026 and currently trading around $0.19 per token [1] - Despite being below its all-time high of $0.74 in May 2021, a $2,000 investment would have grown to nearly $1.5 million over 12 years [2] Group 1: Dogecoin Characteristics - Dogecoin is mined using a proof-of-work (PoW) mechanism, similar to Bitcoin, with miners using powerful ASICs to earn coins by solving cryptographic puzzles [4] - It was created from the open-source code of Litecoin, allowing for simultaneous mining of both coins due to shared solutions [5] - Dogecoin utilizes the Scrypt algorithm, enabling faster and more energy-efficient transactions compared to Bitcoin and Litecoin, and has no maximum supply limit with 151 billion coins in circulation [6] Group 2: Limitations and Market Dynamics - As a PoW blockchain, Dogecoin does not support smart contracts, which are essential for decentralized applications and other crypto assets, unlike proof-of-stake (PoS) blockchains such as Ethereum and Solana [7] - Initially dismissed as a joke, Dogecoin has generated significant returns over the past 12 years, but it is unlikely to replicate those life-changing gains [9] - Dogecoin's valuation differs from Bitcoin's scarcity and Ethereum's utility, relying instead on endorsements from high-profile investors like Elon Musk and Mark Cuban, which contributed to its price surge during the last crypto bull market [10]
X @Litecoin
Litecoin 2025-09-14 22:10
Money is not a one system only concept. Nor should it be. PoW coins that look to be a form of money for others are good for society whether they compete with me or not.The currency shouldn't be the winner. It should be the people. ...