La recherche indique que les investissements sortent de l’or et entrent dans la crypte

Le dernier rapport sur les flux de fonds d’actifs numériques du fournisseur d’ETF CoinShares suggère que les investisseurs se sont retirés des marchés de l’or et sont entrés dans les actifs cryptés.

Les produits Bitcoin et Ethereum de la société ont vu 429 millions de dollars investis la semaine dernière. Il ajoute qu’il s’agit du deuxième plus important flux de produits d’investissement cryptographique jamais enregistré.

Le dernier rapport de CoinShares indique que le total des actifs sous gestion s’élève maintenant à un montant record de 15 milliards de dollars. Il souligne qu’Ethereum s’est distingué la semaine dernière, avec un afflux de 87 millions de dollars représentant 20 % du total de ses entrées.

Plus particulièrement, le rapport compare les flux d’investissement de l’or à Bitcoin, en précisant

„L’or a souffert avec des sorties de produits d’investissement d’un montant record de 9,2 milliards de dollars US au cours des quatre dernières semaines alors que Bitcoin a connu des entrées totalisant 1,4 milliard de dollars US“.

Performance de l’or par rapport à Bitcoin

Le prix de l’or a reculé de 10 % par rapport à son sommet de 2070 $/oz le 6 août, pour atteindre aujourd’hui environ 1 860 $/oz, selon Goldprice.org. Sur la même période, le prix des bitcoins a augmenté de 56 %, passant de 11 700 $ début août à 18 300 $ actuellement.

Si l’on regarde le tableau annuel, le prix de l’or n’a augmenté que de 22 % depuis le début de l’année 2020, mais Bitcoin a fait un impressionnant 150 % jusqu’à présent cette année. Ethereum a fait encore mieux, avec une hausse de 320 % depuis le début du mois de janvier, passant de 130 dollars à environ 550 dollars actuellement.

CoinShares a commenté les chiffres des investissements importants de l’ETH ;

„Cela suggère que les investisseurs sont favorables à Ethereum, probablement en raison d’une plus grande clarté de la part de l’équipe de direction d’Ethereum sur les mises à jour Eth2 très attendues qui rendent le réseau beaucoup plus efficace et durable“, a déclaré CoinShares.

Toutefois, les recherches ont également reconnu que la faiblesse du dollar américain met en évidence les craintes d’une politique monétaire excessive. Ceci, combiné aux inquiétudes concernant la gestion de la crise COVID, est une période où l’or et les valeurs sûres devraient enregistrer de bonnes performances.

Les grands fonds institutionnels tels que Grayscale ont fait l’acquisition de Bitcoin et Ethereum à des taux sans précédent pour alimenter leurs produits et offrir une exposition à cet actif aux investisseurs professionnels.

Perspectives du marché de la cryptographie

Les marchés des actifs cryptographiques accélèrent actuellement une correction qui a commencé le 1er décembre lorsque la capitalisation totale a atteint un sommet de presque trois ans, à 590 milliards de dollars selon Coingecko.

Depuis une semaine environ, les marchés ont reculé de 7,5 % par rapport à leurs niveaux actuels d’environ 545 milliards de dollars, alors que Bitcoin et ses confrères se sont calmés après leurs impressionnantes remontées.

Comme l’a souligné un trader et un analyste, „dave the wave“, il n’y a cependant pas lieu de paniquer ;

Pourquoi la CTB est-elle en baisse ? Parce que son prix a doublé en quelques mois. Ce n’est pas une question de science-fusée. 🤪

Les commerçants de détail pourraient bien retirer des profits pour le moment, mais l’intérêt des institutions pour les actifs cryptographiques est toujours à un niveau record.

Why are cheap altcoins skyrocketing?

Ripple on the rise: why are cheap altcoins skyrocketing?

While the crypto community’s eyes were fixed largely on Bitcoin’s drive to surpass its all-time high and some healthy recoveries in the world of decentralized finance, the value of altcoins suddenly skyrocketed – with Ripple (XRP) up 200% since the beginning of November. But why did all this happen?

Although there were no significant events that could trigger a wave, Ripple and the other altcoins are continuing to increase in value.

Last week XRP recorded a 139% increase, corresponding to most of Bitcoin Bank its annual movements in a phenomenal rally. Today, Ripple’s value has been at its highest for almost three years.

According to market data, XRP was the best performing cryptocurrency in the last few days among the top 100 assets, along with XRP’s crypto cousin Stellar Lumens (XLM).

What forces were involved in Ripple’s propulsion in the stratosphere? According to some commentators, XRP’s huge movement may have been triggered by a movement started on social media.

The early intervention of TikTok

TikTok is gaining a reputation for rapidly inflating crypto assets significantly. In the summer, a small group of influencers tried to encourage their followers to invest in Dogecoin in an attempt to make a significant return on their investments.

It seems that Ripple has become a new target for creators of viral content on the social platform and new content seems to arrive in large volumes, marking the rise in the price of the currency.

Eric Wall, Chief Investment Officer of Crypto Hedge Fund Outfit Arcane Assets said:

„TikTok is the world’s most sophisticated tool for creating and monitoring viral phenomena.

Wall’s words indicate that the power of social media can be strong enough to actively manipulate the markets. While this could be good news for some investors, it could also undermine the integrity of the crypto ecosystem that prides itself so much on decentralisation.

Adding fuel to the fact that TikTok has raised the price of XRP is proof that the number of unique portfolios buying Ripple has risen by 24,408 – the highest number on the network since 1 May 2020.

Although speculation driving crypto currency prices is nothing new, today there is a wide range of crypto exchanges that can support masses of new investors operating on a specific currency. This could mean that we may see further artificial price increases in the near future driven by viral social media postings.

Optimism driven by old news?

However, not everyone was ready to buy during the unexpected growth of XRP led by TikTok. Benjamin Pirus speculated that the significant increase might have been due to the emergence of old currency news.

Prior to the rapid increase in value, information emerged about Bank of America’s involvement in Ripple’s payment network, RippleNet, based on a brief report from Ripple News. This may have fuelled a new generalised confidence in cryptocurrency, but it has since emerged that Bank of America has been a member of RippleNet since March 2019.

This indicates that there is indeed a lack of new developments related to XRP, but sometimes a little speculation is enough for prices to rise rapidly.

Pirus also suggests that the rise in Ripple may be due to widespread investor interest in altcoins as a result of the profits that have recently been made by bitcoins. The famous crypto commentator, Josh Olszewicz, predicted the rise in XRP in the days leading up to the currency surge, pointing out that it is likely to be „BTC’s profits entering the altcoins“ noting that this is „probably the most bullish moment ever seen in recent years“.

Repurchases help to increase altcoin Ripple profits

Another factor determining the increase in Ripple could be repurchases. During the third quarter of 2020, Ripple purchased $45.5 million of XRP in a buyback programme. The idea behind this move was to help keep markets healthy.

The sales summary in the third quarter report showed total purchases of $45.5 million, while in previous quarters there was no evidence of ongoing repurchases. Subsequently, the report stated:

According to Kim Dotcom, the price of Bitcoin Cash (BCH) next year could rise to $3,000.

Bitcoin Cash was born in August 2017 from a fork of Bitcoin, and since then its price has taken a path that only broadly followed that of BTC.

Its initial value was around $700, but it dropped almost immediately to $300.

Thanks to the great speculative bubble of late 2017, it reached its all-time high of $3,785 on December 20, and since then it has not been able to approach those figures.

Even in mid-December 2018 it fell below $80, almost a tenth of the initial price, but then slowly climbed back up, until it touched $500 in February this year.

After collapsing in mid-March, the price recovered first above $200, and then above $300.

In other words, today it is worth less than a tenth of what it was worth at its all-time high.

According to what he said on Twitter, Kim Dotcom believes that in the course of the next year BCH could return close to the all-time highs.

Kim Dotcom’s prediction about Bitcoin Cash

Kim argues that while Bitcoin (BTC) is great as a store of value, Bitcoin Cash (BCH) would be great for payments.

However, it must be said that if, for example, we compare the number of average daily transactions that are recorded on the two respective blockchains, we find that those of BCH are still significantly less than a tenth of those of BTC, which therefore turns out to be actually much more used.

Moreover, over the years the number of average daily transactions of BCH has not increased significantly, so for now there is no growth trend from this point of view.

However, Kim says that from now on more and more merchants will accept cryptocurrencies as a form of payment, but they will want fast transactions and low commission costs.

In fact, BTC from this point of view is not yet very competitive, because the use of Lightning Network is not yet widespread.

That’s why they say bullish on BCH, assuming that its value can increase from the current $310 to $3,000 over the next 12 months.