Crypto Friendz

Crypto Friendz A few smart guys helping others learn about digital currency and the benefits of it. Disclaimer: We are not financial advisers.

08/24/2025

XRP (XRP)
XRP has seen a slight increase due to positive market sentiment. It's designed for fast, low-cost international money transfers, making it attractive to financial institutions. Some experts believe XRP could become a standard for cross-border payments, potentially disrupting the traditional SWIFT system. RippleNet and MoneyGram already use XRP for this purpose.

XRP's current trading volume is 1.3 billion. The price has increased by 5% in the last week, 12% in the last month, and 399.2% over the past year.

XRP's technology could revolutionize the global financial system, and some in the U.S. government see its value for future financial trading. However, there are ongoing discussions about how to regulate cryptocurrencies like XRP.

Etherium (ETH)
Ethereum's price has been influenced by anticipation for its upcoming upgrade. It's the second-largest cryptocurrency by market cap and is known for its smart contract functionality, which enables decentralized applications. Some experts believe Ethereum's upgrade could significantly boost its performance and adoption.

Ethereum's current trading volume is 10.5 billion. The price has increased by 3% in the last week, 9% in the last month, and 250% over the past year.

Ethereum's technology could revolutionize various industries through its smart contract capabilities. The U.S. government, including the Treasury Department and the White House, is closely monitoring Ethereum's development and its potential impact on the financial system. The SEC is also keeping a close eye on Ethereum as they develop regulations for cryptocurrency trading.

Chainlink (LINK)
Chainlink securely brings real-world data onto the blockchain, which is crucial for DeFi and smart contracts. As the financial world moves towards blockchain, Chainlink's role in providing reliable data will become even more important.

Chainlink is being used in DeFi, insurance, and supply chain management. Mastercard and Visa are exploring how it can connect traditional payment systems to the blockchain, potentially enabling crypto payments for everyday purchases and improving cross-border transactions.

Chainlink's technology could revolutionize various industries by providing secure and reliable data for smart contracts. The U.S. government and the SEC are closely monitoring Chainlink's development and its potential impact on the financial system.
Chainlink's current trading volume is 1.3 billion. The price has increased by 3.6% in the last week, 41.57% in the last month, and 111.33% over the past year.

Solana (SOL)
Solana's high transaction speeds and low fees are attracting attention for decentralized applications and DeFi projects. Its scalability and efficiency position it as a potential major player in the blockchain space.

Solana is being used in various applications, including DeFi platforms like Raydium and Serum, NFT marketplaces like Magic Eden, and payment solutions like Circle's USDC integration. These applications showcase Solana's potential to handle high volumes of transactions efficiently.

Solana's technology could revolutionize industries globally with its high-speed transactions and low fees. As blockchain adoption grows, Solana's scalability and efficiency could make it a key infrastructure for decentralized applications and financial services worldwide. The U.S. government and the SEC are closely monitoring Solana's development and its potential impact on the financial system.

Solana's current trading volume is 1.2 billion. The price has increased by 10% in the last week, 25% in the last month, and 300% over the past year. This growth is driven by its high transaction speeds and low fees, making it attractive for decentralized applications and DeFi projects.

In the near term, we're expecting more clarity on regulations, which could bring stability and attract more traditional investors. In the medium term, if those regulations are favorable, we could see a big boost in adoption and investment as institutions feel more comfortable entering the crypto space.

06/25/2023

According to The Daily Hodl, Matt Hougan, Chief Investment Officer (CIO) of Bitwise, an encryption index fund management company, said that a multi-year bull market is kicking off, driven by a long-awaited wave of institutional interest.

Cryptocurrency prices have shown incredible resilience in the face of increasing regulatory scrutiny, Matt Hougan said in an interview with Bloomberg. BlackRock's iShares recently submitted iShares Bitcoin Trust application documents, which may be the icing on the cake for a new round of bull market. "Prices (of cryptocurrencies) have actually been going up since the FTX crash last November. Now BlackRock, the world's largest asset management company, has taken a stand on the issue, saying that Bitcoin is important, and that's why institutional investors are going to invest in the next five years." The asset you want to own in ten years. I think we’ve entered a new era of crypto. I call it the ‘mainstream era of crypto.’ I think we’ve entered a bull market that’s just started and is multi-year.”

06/25/2023

According to the Cryptonomist report, Coinglass data shows that the current total Bitcoin contract position (OI) has exceeded 14 billion US dollars.

The largest cryptocurrency exchange for Bitcoin derivatives OI is Binance, with a 32% share, almost double that of CME. CME accounts for only 18% of total Bitcoin open interest. It is worth noting that the total open interest in Bitcoin contracts has increased significantly in recent weeks. In fact, as of March 18 this year, the figure was consistently above $10 billion, but it started to rise sharply from June 16. However, something similar has already happened between April 5 and 14, but only increased to $13 billion. The last time total Bitcoin contract positions exceeded $14 billion was in May 2022, so it is currently at its highest level for 2023.

06/25/2023

JPMorgan has used its JPM Coin system to introduce euro-denominated payments for corporate clients, said Basak Toprak, head of EMEA Coin systems at JPMorgan.

It is reported that the system allows wholesale payment customers such as large multinational companies to transfer US dollars or euros between their accounts, or use blockchain instead of traditional payment methods to pay other customers of the bank. Since its launch in 2019, JPMorgan has processed about $300 billion in transactions using JPM Coin. By comparison, JPMorgan processes nearly $10 trillion in total payments per day.

06/25/2023

PANews news on June 25th, Ethereum Classic (ETC) officially released an important announcement that its open source cloud architecture Ethercluster based on Ethereum will end its service on July 24, 2023. This will affect all parties using the Ethercluster endpoints of the ETC mainnet and the Mordor testnet, including wallet operators, exchanges, mining pools, and DApp developers. Ethereum Classic emphasized that all relevant parties should complete the migration of the ETC mainnet and Mordor testnet endpoints before this date to ensure the smooth operation of the business.

Previously, Ethereum Classic has changed the RPC URL of its mainnet from Ethercluster to Rivet, and plans to migrate the Ethercluster Mordor testnet endpoint to the new endpoint.

02/10/2022

Are we in a Bull run?

Or…
a Bull Run Trap?

01/27/2022

Someone asked me my opinion as to where I thought the bottom will be for the DOW?

I’ll give you my answer next. But, what do you think the bottom will be for the DOW?

The stock market and cryp market do not correlate or trend in sync. Typically Wallstreet investors will consider crypto ...
01/27/2022

The stock market and cryp market do not correlate or trend in sync. Typically Wallstreet investors will consider crypto positions as a hedge instrument during Bear market conditions.

It has been a long time since we have seen Cardano below a dollar. I have personally accumulated over 10,000 tokens of ADA at $1.10 average value per token.

Good luck and invest wisely.

02/23/2021

Have you converted your offshore Binance accounts to the new U.S. platform? If not, you can’t trade and your trading account is subject to be frozen by the SEC! We have finalized our new U.S. Binance accounts and have successfully moved all currency. Follow our Crypto Friendz community page to stay tuned in on “How To” instructions.

John Deer Green!750,000 tokens of ADA to go with 1000 ETH
02/23/2021

John Deer Green!
750,000 tokens of ADA to go with 1000 ETH

What is 750,000 tokens of ADA worth today? I would say, it’s worth staying in your relationship. Especially if you have ...
02/23/2021

What is 750,000 tokens of ADA worth today? I would say, it’s worth staying in your relationship. Especially if you have 1000 ETH to go with it!! Looks like John Deer Green!

07/24/2018

BTC breaks through $8000. How and what does this mean?

Bitcoin short-covering is taking place and those investors that had short positions are either required to cover (invest more capital to the downside) their positions or buy back the short notes to close their short positions (take profit/loss and exit stage right). Either way, those holding short positions in the crypto space are being squeezed.

What will this transition to? As additional capital enters the crypto market, you will see the majority of capital securing BTC (Bitcoin) positions, the big coin. There are few coins that are initially purchased as new fiat currency (dollars) enters the cryptocurrency space and the most commonly purchased and readily accessible on a global scale is Bitcoin. Inherently, other altcoin values commonly move down or sideways and few actually move up during this phase because those holding altcoin positions move to BTC in an effort to ride it on the initial bull run upswing. Once BTC completes its initial upswing wave, capital will generally sell out of BTC and move to other altcoins.

So, what does one do at this moment of bullish like sentiment? Personally, I am buying altcoins that have a high quality business model, large historical capitalization, and room to grow more than 100% of their current capitalization. I don't look so much at the historical price drop as much as I look at historical capitalization. Market cap is a better measuring tool of demand. Also, I am in for the long haul (2 years or more).

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