Crypto 360°

Thursday, 4 November 2021

Closely related to inflation, Ethereum is expected to soar by 80% in two months

Goldman Sachs said that if Ethereum continues to track inflation expectations, it is likely to skyrocket 80% in the next two months to reach $8,000.

Bernhard Rzymelka, managing director of Goldman Sachs Global Markets, pointed out that cryptocurrency assets have been closely tracking inflation in the past few years.

By comparing the Bloomberg Galaxy Cryptocurrency Index and market-based inflation expectations indicators, Bernhard Rzymelka found that there is a strong correlation between the two.

He said that Ethereum has a particularly close relationship with inflation. He added that this cryptocurrency is procyclical, and when the economy performs better, it tends to rise.

According to the picture given by Bernhard Rzymelka, it can be seen that by the end of this year, Ethereum may soar to $8,000, which is an 80% increase from the historical high of $4,600 set on Tuesday.

As of writing, Ethereum rose by 6.45% to 4,583.99 US dollars within the day. Previously, this cryptocurrency once exceeded 4,600 US dollars, setting a new all-time high.

submitted by /u/Ailennpeng
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source https://www.reddit.com/r/btc/comments/qm3oy0/closely_related_to_inflation_ethereum_is_expected/

SLP Indexer questions

Hello I am experimenting with SLP and I saw this from Bitcoin.com (https://developer.bitcoin.com/slp-indexer/)

I have two questions:

1) Can I run this on a low end server or raspberry pi 4? My token will have close to zero transactions per day. It's more like a test. But I guess the server has to analyse all blocks and all transactions, so idk if I will need a t3.medium or something worst could work

2) Are there any public nodes available? If yes, which are the most reliable? I don't want to run mine to reduce costs if posible.

Thanks for the help

submitted by /u/daken15
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source https://www.reddit.com/r/btc/comments/qm2dru/slp_indexer_questions/

This project will start a new movement in the whole NFT space. SHYGUYS NFT is here to help. Together with the community they're going to create a comic which will fund mental health foundations and give holders regular payouts. Check comments for their Website, you don’t want to miss this.

What do you guys think?

SHYGUYS is an NFT-Project for the community, by the community. 4141 Shy Guys with 180 Traits and 5 one-of-ones. We (and you) will create a story that includes aspects of real life mixed with the communitys creativity. You can decide how the future of this project will look like!

We will make a story that includes aspects of fantasy and also from real life. A story that should remind everyone that there are people who are not intentionally shy, introverted or "weird" as many people would say.

These people struggle with unimaginable mental insecurities and usually have a much greater will and heart than many others. They see things that no one else sees and feel things that no one else feels.

There are millions of reason that could have caused this, therefore they can't unfold their true self. Situations where they had no influence on what happened, without knowing what would build up in the future.

Such things are real and we can't ignore them anymore.

The SHYGUYS Projects Goal is to help the people that need it. By supporting, interacting, donating and opening everyones eyes, that this is a serious problem that has to be taken care of.

submitted by /u/OfficialNinSa
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source https://www.reddit.com/r/btc/comments/qm24yu/this_project_will_start_a_new_movement_in_the/

Bitcoin is the soundest money ever created

https://preview.redd.it/6wmbxx2ildx71.jpg?width=1200&format=pjpg&auto=webp&s=c19577c3d9a6d48a97e7e0d5114bff881c671745

submitted by /u/TraderTarrant
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