Bitcoin price: where do we go from here?

Bitcoin price: where do we go from here?

The $1.9 trillion US stimulus package, how ETH supply is getting tighter and the 520,000,000 XRP transaction

Welcome to our CryptoMonday weekly review of week 02. As usual, there was a lot worth mentioning to report this week and so it is no surprise that we can once again come up with a whole range of interesting news.

Our topics this week range from the 1.9 trillion US economic stimulus Bitcoin Era programme and its impact on the Bitcoin price, to the increasingly scarce supply of ETH and what that means for the future Ethereum price, further background on the SEC lawsuit against Ripple, to a 520,000,000 XRP transaction that caused a stir this week.

Bitcoin price slips below $35,000 after Biden unveils 1.9 trillion stimulus package

Positive reactions to a $1.9 trillion stimulus package sent the bitcoin price sliding again on Thursday this week.

The Bitcoin price briefly fell below $35,000 on 15 January after a seemingly strengthening US dollar put pressure on the world’s largest cryptocurrency. However, the price of BTC found a support level at $34,300 that cushioned the sudden fall somewhat.

This again leaves open where the Bitcoin price will go next. In this article, we review the current developments and point out a possible bullish as well as a potential bearish scenario for the Bitcoin price.

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Analysts assess the future of the crypto currency positively

Analysts assess the future of the crypto currency positively and underline its functionality and investment opportunities. Simplified access to innovative financial instruments offers investors great opportunities and prospects for the Iconomi Coin course. A reputation system and a block chain reduce the risk of losing investments.

Some experts also highlight the shortcomings of the system. The most important concern the technical implementation of the project and the volatility of the economic crypto currency. However, this applies to almost all crypto currencies. Experts also point to the potential for developers to intervene in certain processes, which can affect the Iconomi Coin course.

An important aspect is also highlighted by the lack of serious developments or projects within the platform. The toolkit presented is diverse, but the proposed investment campaigns are rather monotonous and question the need for mediation in the person of the managers and the funds they manage, which can raise question marks in ICN Coin forecasting.

Special attention is paid to the crypto currency of ICN. Its purpose is for the internal functions and transactions that provide access to the platform tools and asset management. With the growing popularity of the platform, the need for digital money is growing, creating good growth prospects for this crypto currency.

Create Wallet
You can add the ICN token to the Ethereum Wallet. You do not need an Iconomi Wallet, as it is based on the Ethereum standard Erc20.

These instructions are written for the ICO.NOMI token, because it is based on the ERC 20 standard and therefore does not need its own wallet and can be easily added to the MyEtherWallet (MEW).

Open your Ethereum Wallet MEW
The wallet must be synchronized with the network
Click on the CONTRACTS
Scroll to CUSTOM TOKENS and click on WATCH TOKEN
Input in token contract address: 0x888666CA69E0f178DED6D75b5726Cee99A87D698
All fields should be filled in automatically. Click on OK.
Go back to the WALLETS tab and then click ACCOUNTS. Your ICON.OMI account should appear in the middle part of the screen.
It is normal when the ICONOMI entry is displayed. The ICN tokens can be sent to any ETH address.

Where can I buy the Iconomi Coin?
First you must create an Iconomi Wallet before you can buy the Iconomi Coin to store the coins safely. To create the wallet you can use the MyEtherwallet, which can store any coin on the block chain of the Ethereum network, including ICN coin. You need to create a password for your wallet so that no one can access your coin. Then buy the ether on Coinbase and exchange it for the crypto currency at the Binance Exchange.

The crypto currency Iconomi Coin has a steady upward trend, which makes it an advantageous investment itself. In general, analysts assess the opportunities to invest in the project as positive in the short or long term. Such an evaluation refers to the development of the platform and the addition of new tools based on relevance and user activity.

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