📈 Pricewise Thomas Hughes

Stellar Price Prediction: Rising in the Ranks

Pricewise
Stellar lumens pushes EOS out of its fifth ranked spot, will the move in valuation continue or is this just a head-fake?
Stellar Price Prediction: Rising in the Ranks
Contents

Stellar lumens pushes EOS out of its fifth ranked spot, will the move in valuation continue or is this just a head-fake?

XLM price predictions are about to change

The Stellar Lumens price prediction is about to get a reboot. The token has seen a surge of interest that has lifted the price and increased the Stellar market cap to a point it has retaken the #5 spot in the cryptocurrency market. The token has edged out its competitor, EOS, and joined the top five at a time when most cryptocurrency markets are wallowing.

Despite the gains, the daily chart shows a token that is still range-bound and having trouble moving above resistance. In the near term, my Stellar price prediction is for range-bound trading with a chance of moving higher. Resistance is near 0.2800 and may be broken if bulls can gather their strength.

image

The indicators are mixed. They both show bullish conditions but also confirm resistance at the current levels. This does not mean the token won’t go higher, just that it is consolidating with a chance of moving lower. If the token is able to regain its upward momentum a move above 0.2800 would be significantly bullish and likely take the coin up to the next targets.

Stellar Predictions: Airdrops will drive value

Stellar is a unique cryptocurrency that uses neither proof-of-work nor proof-of-stake mining to support the network and generate tokens. All of the Stellar Lumens were created at the launch of the network and are being given away by airdrop. Airdrop is when cryptocurrency is automatically delivered to specified wallets.

In this case, the Stellar team has a schedule of delivery that includes special events like the giveaway with wallet provider Blockchain. Stellar is giving away an initial $125 million in Lumens to account holders with a registered Blockchain wallet. The deal was initially intended as a way for Blockchain to grow users and Stellar to distribute tokens, but the result was far more than intended.

image

Stellar Lumens received so much attention and garnered so much support the token was able to post significant gains in price while other major coins like Bitcoin, Litecoin, and Ethereum continue to wallow at a long-term low.

Stellar Lumens Predictions: Big gains are on the way

The next targets for the Stellar coin price prediction this month are 0.3600 and 0.4600, both of which have provided resistance over the past year. A move above 0.4600 would be very bullish and likely result in a retest of the all-time high. The weekly chart shows an asset that has bottomed and looks ready to move higher, all that Stellar needs now is a catalyst to spark the move.

  • Lumens - The native token of the Stellar network.
  • The Stellar network can process a transaction in 2.5 seconds.
  • The Stellar network can verify 1000 transactions per second.
  • There are roughly 8.7 billion Lumens distributed of 104.46 billion total Lumens.

image

Stellar’s market capitalization is about 4.9 billion USD at the time of this writing. That equates to 1.90% of the total cryptocurrency market and its dominance may rise along with its price as usage grows. The Stellar network boasts some of the fastest transaction speeds in blockchain technology and is a likely candidate for mass-adoption.

XLM forecast: HODL on for dear life

Another unique feature that will affect the Stellar Lumens forecast 2018 is inflation. Otherwise known as a mining fee, inflation is the reward holders of Lumens receive for making them available to the network (to provide liquidity and ensure speedy transactions).

image

Because the minimum volume of Lumens required to become an inflation receiver is so high most “miners” are part of a pool. Once an account is verified it will receive a share of each week’s inflation, equal to 1% of issued Lumens, so long as the account remains live.

The takeaway for traders is that this is an incentivized means of ensuring Lumens are held and not just sold once they’ve been airdropped. This mechanism will help support the price over the long-term as usage grows and demand for the coins grows.

In the meantime, holders of Lumens using a Blockchain wallet can expect to receive a portion of an additional 375 million airdropped Lumens in the next few weeks and months. With this kind of activity to drive value, the consensus XLM price prediction 2018 is likely to rise further.

Lumen price prediction; Sharia compliance opens new opportunities for investors

No XLM prediction is worth much without a look at usage and acceptance. If the token and network aren’t being used there isn’t much hope prices will rise. In this case, the news is good. The Stellar Lumens network is making inroads to global financial systems and recently announced its acceptance by the SRB.

  • Stellar is the only Sharia-compliant blockchain.

The SRB, the Shariyah Review Board, has given a set of guidelines enabling sharia-compliant applications of Stellar technology with Islamic financial institutions. The SRB is licensed by the Central Bank of Bahrain and a globally recognized agency. Regarding cryptocurrency and the Islamic world, Stellar is the first to be sharia certified which gives it an edge over others in the market.

Stellar lumens forecast: Shining bright

The Stellar Lumens forecast is shining bright. The Lumen coin has seen an upsurge in interest, prices are seeing bullish activity, airdrops and inflation payments are on the way, and the Stellar network is expanding. Now all the token needs are a push to make it break above resistance levels and move higher.

That push may be US regulation. The US has been dragging out its decision to regulate cryptocurrency or not and that decision will have the entire cryptocurrency market moving when it comes. The best hope at this time is that the SEC will announce some form of a framework for regulation once a compliant infrastructure is built.

The Bakkt exchange is the most likely candidate as it is a joint venture between the Intercontinental Exchange and partners. The Bakkt Exchange is designed to facilitate cross-token atomic swaps, store cryptocurrency, serve as a clearinghouse, and facilitate the listing of blockchain based ETF products.

The bottom line is this; Stellar Lumens price predictions 2018 are mixed and mixed for a reason. There are a lot of reasons why Stellar could rise to new highs but no reason for them to break out of the trading range, at least not yet. The good news is that when the catalyst comes the move is likely to deliver gains of 100% to 200%.

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🕵️‍ ICO Watch David Dinkins

SEC Targeting ICOs: How Should You React if Subpoenaed?

👁 ICO Watch
Evidence is mounting that the SEC is conducting a widespread investigation of ICOs, so how should you respond if you receive a dreaded subpoena?
SEC Targeting ICOs: How Should You React if Subpoenaed?

When SEC Chairman Jay Clayton said before Congress, "I believe every ICO I've seen is a security,” he apparently meant it. Rumors have been swirling about a massive SEC investigation targeting numerous ICOs, and some have speculated that the SEC is going after so-called “SAFT” tokens in particular.

 

Before we go any further, let’s take a step back and start from the beginning. When the first hints came out last summer of possible SEC actions against ICOs, clever lawyers spilled a great deal of ink trying to create legal defenses for their projects. One of the legal theories advanced was that tokens could be split between securities tokens, which give an ownership stake in the project, and utility tokens which simply allow people to use the platform but not possess an ownership interest. Of course, if the utility token should appreciate in value between the ICO and the platform’s launch, so much the better.

SAFT stands for “Simple Agreements for Future Tokens,” which seeks to classify tokens issued in an ICO as “utility” tokens despite the fact that the platform on which to use that token does not yet exist. While the SEC has yet to rule on whether SAFT tokens are in fact securities, sources think the regulator may be ready to come down hard on such tokens. One source commented:

"The SEC is targeting SAFTs. The new approach of the SEC is to consider tokens as both utility and security at the same time, meaning a token can bring utility to a platform but at the same time can be considered as a security if you sold it to parties that mainly looked for profit on its increase in value."

Handling subpoenas

Attorneys from King & Spalding were kind enough to speak to CryptoComes, suggesting 10 tips that ICOs follow if they receive an SEC subpoena. They noted:

“Receipt of a subpoena alone need not cause a massive disruption to your business. But failure to respond appropriately almost certainly will.”

King & Spalding suggested that companies who receive a subpoena, first and foremost, must not ignore the subpoena or bury their head in the sand. They must hire outside counsel, preserve all documents and minimize non-privileged conversation about the subpoena. The attorneys also suggest keeping detailed records of the process and realizing that the SEC will be taking equally detailed notes, so one should be sure not to get caught in a lie.

Finally, whether you want to admit it or not, King & Spalding say “witnesses are everywhere.” Don’t assume that your team is totally loyal and wouldn’t go behind your back to blow the whistle on any wrongdoing. Instead, be honest and forthright, and be patient, because an SEC investigation is a long process. Finally, start working with a PR firm and think of how to handle the public relations aspects of the situation.

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Wikicoin Alex Morris

Bitcoin Price Prediction 2018\20\25- 10 Forecasts from Professionals

📚 Wikicoin
The article features short and long-term Bitcoin price predictions, which may give you an idea of where BTC is going in the nearest future
Bitcoin Price Prediction 2018\20\25- 10 Forecasts from Professionals
Contents

The cryptocurrency industry undoubtedly reminds the late 90s dot-com bubble. Amazon, which is poised to become the second company to reach $1 tln market cap, was a tiny initially a tiny firm with barely 200 of employees when it went public in 1997. Same goes for Bitcoin– starting at $0.003 on BitcoinMarket.com, BTC is worth $6,023 with a market cap that exceeds $103 bln. However, will it be able to surpass today’s tech giants?

Amazon’s market cap has recently crossed a $921 bln mark
Amazon’s market cap has recently crossed a $921 bln mark

 It is crucially important to know where this trend will go in the future. Many would say that it was too late to invest in Bitcoin back in 2012, 2013, 2015…until it reached its all-time high in December peaking at $20,000. Some experts predict that Bitcoin may be worth astronomical sums if it experiences mainstream adoption. However, there are still some ardent Bitcoin haters in the likes of Warren Buffett who keep insisting on BTC being yet another Ponzi scheme.

So, let’s jump into the latest and the most relevant Bitcoin price predictions in order to find out whether it’s worth putting your money in crypto in 2018.   

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Forecasts in 2010 (expectations and reality)

You’ve probably heard many inspiring stories about jaw-dropping investment gains of those who jumped on the Bitcoin train early. A Norwegian Kristoffer Koch became a dollar millionaire after having invested only $27 back in 2009. However, do not be too hard on yourself even if you’ve already missed the boat since only biggest crypto evangelists believed that Bitcoin would turn into a multi-billion international industry. Koch, like many other Bitcoin millionaires, wasn’t a firm crypto believer himself– he forgot about his small cryptocurrency investment only to discover a mammoth-size profit a few years later.

I thought to myself, didn't I have something like that?’ - Koch told a local newspaper.

To put this into perspective, let’s have a look at the Bitcoin Pizza Index (BPI), which stems from the first known purchase with Bitcoins. Back in May 2018, Laszlo Hanyecz spent a staggering amount of 10,000 BTC in order to buy just two pizzas ($41). As of now, BPI is set at $63.3 mln.

Since the inception of Bitcoin, numerous naysayers (from the mainstream media to run-of-the-mill experts) tried to kill the king of crypto numerous times, but every time it would come back from the dead. Let’s recall the infamous 2011 Forbes article ‘So, That's the End of Bitcoin Then’ which states that Bitcoin would not recover after its price plummeted from $17 to just pennies on the now-defunct Japanese exchange Mt.Gox. Tim Worstall, the author of this prediction, points to the fact that the currency is not liquid enough and has numerous security issue.

Now, have a look how the price of Bitcoin has changed every year since June 20, 2011 (the day when the article was published).  

 

The graph shows a rapid increase of the Bitcoin price over the last 2 years
The graph shows a rapid increase of the Bitcoin price over the last 2 years

 

Bitcoin price prediction in 2015\2016 (expectations and reality)

Bitcoin turned out to be the true winner of 2015 outpacing all the traditional currencies– it gained almost 40 percent, which is nearly twice as much as its nearest competitor Somali shilling. That followed a series of gloomy forecasts about Bitcoin from pundits in 2014. In all fairness, these predictions were not baseless, since 2014 turned out to be the disastrous year for the king of crypto that resulted in a 56 percent price drop. The chart below is a visual representation of how BTC price not only rebounded but also reached new heights.

 

Bitcoin price fluctuations in 2015
Bitcoin price fluctuations in 2015

2015 was the year of increasing Bitcoin adoption as a payment method by numerous companies around the globe. Combining with the long-awaited PayPal and Western Union partnerships, it turned out to a boon for the whole crypto industry.

In 2016, BTC continued its growth due witnessing an impressive 75 percent surge. According to the initial 2016 Bitcoin predictions, there were several reasons for that:

  1. Bitcoin halving. As you probably know, the block award is halved every four years and 2016 was such a year. Despite the fact that it didn’t have a significant impact on Bitcoin’s price, many pundits believe that it did ensure the currency’s stability.

  2. The growing trading volume. There is an obvious correlation between the Bitcoin’ value and its trading volume.

  3. The expansion of the Blockchain technology. The more companies get interested in decentralization, the more attention Bitcoin gets.   
     

Bitcoin witnessed a steady rise in 2016
Bitcoin witnessed a steady rise in 2016

Bitcoin price prediction 2018

The first two quarters of the year are over, so it’s time to evaluate the current state of Bitcoin. As bearish market keeps prevailing, many are curious what is going to happen to the currency in the nearest future. The total crypto market cap has recently dropped below $200 mln for the first time since 2017. However, it is also worth mentioning that the BTC dominance in constantly increasing (currently sitting at 53.3 percent). So, will Bitcoin be able to rebound in 2018? Not really. Here are the main reasons why will not witness another major bull run in 2018:

  1. History is repeating itself. During the aforementioned 2014-2015 period, Bitcoin lost a whopping 80 percent of its all-time high price during a very prolonging decline. Pundits suggest that right now we are going through another bearish trend that is going to last until the end of 2018.

  2. The decline in mining profitability. Due to a constantly increasing mining difficulty, the profitability of mining has by more than 90 percent since last December. Therefore, miners are selling BTC instead of holding it for a longer time.

  3. SEC snub. Bears are out in a full force after SEC the Winklevoss Bitcoin ETF proposal was rejected by SEC. Now, the whole crypto community is still waiting their decision with a bated for breath.

  4. Dwindling investor interest. Google searches for Bitcoin have also experienced a major drop in 2018.

This dramatic drop shows a public’s dwindling interest in Bitcoin
This dramatic drop shows a public’s dwindling interest in Bitcoin


Taking into consideration all the aforementioned facts, it is very unlikely that Bitcoin will see another major uptick this year, so it is safe to say that BTC will remain pretty much in the same price range this year. Anyway, let’s have a look at these Bitcoin price predictions for 2018.

$50,000 by the end of the year?

BitMEX’s CEO Arthur Haynes makes a very bold prediction that BTC may such astronomical numbers as early as in 2018 if starts alight. It is worth mentioning that Haynes has already predicted the current bearish trend (he believes that BTC may reach its rock bottom at $2,000), but the upcoming regulations and a positive SEC decision may cause an immense spike in value.

I stand by $50,000 prediction by 2018,’ – Arthur Haynes.   

Remarkably enough, in January the crypto experts, who were polled by Finder.com, also believed that Bitcoin was going to witness a tremendous growth reaching $44,000 by the end of 2018 (thus, nearing very close to the aforementioned price). However, this figure has been recently slashed to $19,605.
 

Month (2018)

BTC price (December 31, 2018)

January

$44,558

May

$30,925

July

$21,228

August

$19,605

Bitcoin price prediction 2019

Now, let’s move on with an extremely bullish Bitcoin price prediction for 2019 from Pantera Capital, the first crypto-oriented investment firm. While claiming that Bitcoin will be at $21,000 by December 2018 (reaching its new peak), they are also extremely optimistic about Bitcoin’s future in 2019. Pantera Capital predicts that BTC will cost not less than $67,000. Pantera Capital’s CEO Dan Morehead attributes these huge numbers to the fact that custodial services are starting to dive into crypto (this trend is expected to continue in 2019).

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Bitcoin price prediction 2020

One million?

The famed Bitcoin evangelist John McAfee is doubling down on his claims that the era of decentralization is inching closer. He believes that BTC is accelerating at a rapid speed, which makes his previous $500,000 prediction invalid.

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Bobby Lee, the founder of BTCC (formerly BTCChina), also believes that that Bitcoin is capable of shooting up to $1 mln, but, according to his Bitcoin price prediction for 2020, it takes much longer to reach this milestone.  

Bulls vs. Bears

Here’s what Bitcoin price will look like in 2020 according to two economic models proposed by Arthur Haynes and Spencer Wheatley.   
 

Prediction Model

BTC Price in 2020

Hayes

$55,931

Wheatley

$2,352


As you see, the two forecasts are drastically different. However, Wheatley’s model inclines to underestimate Bitcoin’s market cap, which leads to such bearish predictions.

Bitcoin long forecast

John McAfee is not the only expert who is being extremely bullish about Bitcoin. John Pfeffer, an investor from Pfeffer Capital, predicts that Bitcoin could eye $750,000 in the nearest future, but, unlike McAfee, he does not specify the exact date when this 75-fold spike is going to happen.

Pfeffer is certain that Bitcoin emerges as the first asset that could potentially replace gold. There will be no need to keep gold bars in your backyards, since Bitcoin is very easy to store.

Haters gonna hate

In sharp contrast to this, a well-known American economist Nouriel Roubini, who correctly predicted the 2008 financial crisis, call Bitcoin, along with other currencies, the ‘bubble of all bubbles.’

I tend to think of Bitcoin as an experiment,’ – said Nouriel Roubini during his Guardian interview in February.

Of course, we cannot ignore the biggest Bitcoin critics Warren Buffett who infamously called BTC ‘a mirage.’

If you buy something like Bitcoin or some cryptocurrency, you don't have anything that is producing anything,’ – Warren Buffett weighed in on the future of crypto.

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Bitcoin price prediction 2025

Wences Casares, a director of PayPal, predicts that Bitcoin has the potential to hit $1 mln by 2025. Now owning Bitcoin, according to Casares, is the biggest mistake that an investor can make at this point, but he doesn’t encourage anyone to make gargantuan investments in BTC. He encourages anyone to put one percent of their net worth in Bitcoin and see what happens to this investment in a decade.

Apart from Casares, Jeremy Liew, the first Snapchat investor, is also certain that Bitcoin will reach unsurmountable heights judging by his Bitcoin price predictions for 2025. Liew claims that one BTC will set you back half a million by 2030 because of the prevalence of smartphones and rising political uncertainty.

Bitcoin price prediction chart

John McAfee offers the most bullish prediction
John McAfee offers the most bullish prediction

What are the forecasts from professionals from the world of cryptocurrency
Once we’ve covered it all, let’s have a look at what famed financial pro-Bitcoin experts have to say.

Tom Lee

Tom Lee is usually extremely enthusiastic about the future of crypto. This time, the Wall Street permabull predicts that the next Bitcoin’s comeback is in the offing. He claims that the constantly increasing Bitcoin’s dominance is a good sign that that the king of crypto is only starting its another bull run. While not giving exact price predictions during his recent interview, Tom Lee believes that Bitcoin will keep hovering in the same price range for a while.  

The king of crypto has been steadily increasing its dominance recently
The king of crypto has been steadily increasing its dominance recently

Chamath Palihapitiya

Social Capital’s Chamath Palihapitiya claims that Bitcoin will be worth $100,000 in the next three or four years. He also believes that the king of crypto would be able to reach a $1 mln mark in a couple of decades. It is possible that we are dealing with a Bitcoin price prediction for 2030 or even 2040.  

Ran Neu-Ner

Ran Neu-Ner, the CEO of Onchain Capital, states that we are yet to witness the mainstream adoption of cryptocurrencies. Similarly to John Pfeffer, he draws a parallel between Bitcoin and gold.

‘In a couple of years, there will be more demand for Bitcoin than for digital gold,’ – said Ran Neu-Ner in his recent CNBC interview.

Conclusion

We’ve covered both extremely bullish and bearish predictions, so it is crucially important to find a middle ground here. As of one, one can only determine the factors that may have the biggest impact on the Bitcoin price prediction today.

No major changes expected to happen until the long-awaited SEC decision on Sept. 30, which may either make the Bitcoin price shoot up to astronomical numbers or trigger bearish trends. Since then, the crypto community has to look for more regulatory actions.

In terms of long-term forecasts, they are very vague and unreliable. However, if we continue seeing more companies getting on board, crypto mainstream adoption may become a reality. Since then, there will be no limit as to where Bitcoin price can spike up, so the aforementioned $1 mln predictions do not sound too crazy.

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Crypto Gags Heewon Jang

Do You Want To Have A Planet???? ? ⬇⬇⬇ POLL INSIDE !!

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Do You Want To Have A Planet???? ? ⬇⬇⬇ POLL INSIDE !!

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🤷 Opinions Joseph Young

Why National Cryptocurrencies Like Venezuelan Petro are Doomed to Fail

Opinions
The intended obfuscation of its token sale and the entire structure of Petro by the Venezuelan government demonstrate a poor future for the cryptocurrency
Why National Cryptocurrencies Like Venezuelan Petro are Doomed to Fail
Contents

This month, the Venezuelan government led by President Nicolás Maduro unravelled the Venezuelan Petro, a state-issued cryptocurrency backed by the country’s oil reserves. The launch of the Venezuelan Petro was met with a fair volume of criticism.

On February 25, Ari Paul, the chief information officer of BlockTower Capital, a cryptocurrency hedge fund founded by a former Goldman Sachs vice president, stated that a small portion of the global cryptocurrency market is still not aware of the fundamental and structural difference between government-issued cryptocurrencies like the Venezuelan Petro, and public blockchain networks like bitcoin and Ethereum.

Crypto fiat vs. public crypto

“Venezuela, Iran, Russia, and China are the countries that indicated they're planning on launching crypto fiat soon. I fear the rise of a narrative not of crypto being used by drug dealers, but by totalitarians. You and I know crypto fiat [is not equivalent to] public crypto, but not everyone gets that,” said Paul.

“Sure, US dollar hegemony will collapse within the decade I think. But crypto fiat is an Orwellian nightmare in the hands of any state, especially the more totalitarian ones.”

Cryptocurrencies based on public blockchain networks like bitcoin and Ethereum are secure, decentralized, and robust due to their computing power, open-source development communities, and centralized entities. None of the leading public blockchain networks in the market have a single point of failure, which hackers can target to bring down the distributed network and attack the cryptocurrency.

Last week, multi-signature blockchain security company BitGo lead engineer Jameson Lopp noted that while centralized financial systems provided by banks and financial institutions closed down during the holidays, bitcoin processed more than $1 billion on a single day, and over $7 billion worth of bitcoin was traded.

The Bitcoin network has been functional for

99.992194468%

0f the time since its inception on Jan 3 2009 02:54:25 GMT

Manipulating cryptocurrencies

If a centralized entity has full control over a cryptocurrency, it has the authority and the capability of altering its monetary supply, manipulating its transaction flow, and revoking payments settled on a ledger, unless the blockchain network is made public and operated by a transparent community of developers.

For instance, in the cryptocurrency market, there exists many blockchain projects developed and managed by companies, like Ripple, Zcash, Cardano, and EOS that are valued at many billions of dollars. But, the development of these projects are transparently shared on code repositories like GitHub, and anyone can contribute to their codebases. A commercial company can lead the development of the blockchain project, but it has no control over its activities, like transaction settlement and monetary supply.

With the Venezuelan Petro, many issues regarding the monetary supply and a single point of failure could emerge. One major issue is, auditing the ratio of the Venezuelan Petro to the actual oil reserves of the country, to ensure that the government is not inflating the supply of Petro by falsely demonstrating the reserves of the country’s oil.

Uncertainty

The Venezuelan Petro’s initial coin offering (ICO) or token sale raised more than $1 billion in a short period of time. But, Matt Levine of Bloomberg emphasized that the Venezuelan Petro’s success is not expected to help the country deal with its massive debt. More importantly, there still exists confusion on the legitimacy of the country’s oil reserves and in what way Petro is pegged to the reserves.

“The Bolivarian Republic of Venezuela guarantees that it will accept Petro’s as a form of payment of national taxes, fees, contributions and public services, taking as a reference the price of the barrel of the Venezuelan basket of the previous day with a percentage discount of Dv,” read the original whitepaper of Petro, which failed to even mention that Petro represents ownership of the country’s oil reserves.

The intended obfuscation of its token sale and the entire structure of Petro by the Venezuelan government demonstrate a poor future for the cryptocurrency, especially considering that investors still do not know if the Venezuelan Petro is an ERC 20 token on Ethereum or a blockchain of its own.

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That's exactly how it feels ! ????

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Do You Feel The Same ? ????
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