The Daily Leo #405 - Ten Year End Financial To-Dos, Privacy Coins explained and Cardano Partners with Brazilian Oil Company
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The end of the year is the perfect time to reflect on your life and to plan ahead, and it goes for all areas of your life including your financial life. A little bit of time doing some financial housekeeping at year-end may help put you in a better position today, and also for your retirement in the future.
First, make sure you’re maxing out...
Will Netflix Stock Rally 40% To Return To Pre-Inflation Shock Highs?
Netflix stock currently trades at $486 per share, about 30% below its pre-inflation shock high of about $692 seen on November 17, 2021. The stock could have the potential for considerable gains if it recovers to these levels.
Returning to the pre-inflation shock level means that Netflix stock will have to gain about 42% if the stock recovers from $486 currently to its pre-shock highs of $692.
While the stock may recover to those levels, we presently estimate Netflix valuation to be around...
ETHEREUM FACES CRITICISM AS PRICE FALLS AGAINST BITCOIN AND SOLANA
Cryptocurrency enthusiasts and investors have recently observed a significant decline in the price of Ethereum (ETH) relative to Bitcoin (BTC) and Solana (SOL).
This decline has led to concerns about the future of Ethereum, with some critics predicting its demise. The Ethereum to Bitcoin price ratio hit a two-year low on December 20, 2023, raising questions about the network’s performance and competitiveness in the crypto space.
According to critics, a key factor contributing to Ethereum's underperformance is...
Privacy Coins: How Do They Differ From Bitcoin?
n a difficult space of cryptocurrencies, there must be clarity and understanding. Do not worry because all your questions about privacy coins and the difference between them and Bitcoin are neatly written in this article. Plunge into the nitty gritty of this debate to unearth the intricacies associated with these cutting-edge electronic coins.
Introducing “privacy coins” as a new concept aimed at addressing the privacy challenges associated with regular crypto coins. These coins are designed for more secure anonymity than in Bitcoin.
Privacy coins are designed to protect user’s privacy through a number of cryptographic techniques and protocols that conceal information regarding transactions. The anonymity of these coins is built on the principle that...
Cardano Foundation Just Inked A Partnership With A Brazillian Oil Company
The Cardano Foundation recently sealed a partnership with Petrobras, one of the most prominent oil companies in Brazil. The partnership is, however, an interesting one as many could be wondering why Cardano will partner with an oil company.
The Cardano Foundation has, for the longest time, been tasked with advancing the network and increasing its utility and adoption. Therefore, this partnership is no doubt a commendable one. Petrobas happens to be one of the largest oil companies in Brazil. As such, the partnership can also be said to be a really strategic one.
As part of the terms of the partnership, the Foundation will...
Fees on Bitcoin at All Time High | Data on Transaction, Hash, Fees | Dec 2023
2023 has been the year of inscription on Bitcoin. This was enabled by the Ordinals protocol that first appeared in January 2023, then had its first wave of adoption in March and again now in December 2023. It caused an increase in the number of transactions and activity on chain that increased the fees as well.
The Ordinals protocol enables NFTs and tokens on Bitcoin. Bitcoin NFTs are represented by one satoshi. The smallest Bitcoin denominational unit on Bitcoin. Each satoshi is unique and has its number. The ordinals protocol is used to inscribe a text on the satoshi. This text can be used to generate a low-resolution image. After the Satoshi is inscribed with the text, then it can be transferred buy/sold as an NFT.
With this said let’s take a look at the Bitcoin network data, and how have these Bitcoin NFTs impacted the network.
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