Dr Crypto

 What Is Chainlink (LINK)? Founded in 2017, Chainlink is a blockchain abstraction layer that enables universally connected smart contracts. Through a decentralized oracle network, Chainlink allows blockchains to securely interact with external data feeds, events and payment methods, providing the critical off-chain information needed by complex smart contracts to become the dominant form of digital agreement. -CoinMarketCap.com Price and Dominance Charts  

This week, I started using FB Prophet to predict the prices of cryptocurrencies.  Because of the large variation in crypto prices, I am only using FB Prophet to predict 30 days out.  I am also doing this to see test FB Prophet as a predicting tool. What is FB Prophet? FB prophet is an open-source forecasting tool developed by Facebook. Facebook describes FB Prophet as:  " Prophet is a procedure for forecasting time series data based on an additive model where non-linear trends are fit with yearly, weekly, and daily seasonality, plus holiday effects. It works best with time series that have strong seasonal effects and several seasons of historical data. Prophet is robust to missing data and shifts in the trend, and typically handles outliers well." - https://facebook.github.io/prophet/ Predicting Bitcoin's Price for April 2022 Below is FB Prophet's prediction for July 20,2021 - April 2022.  The blue lines and bars represent FB Prophet's prediction. The black dots r...

  What is Avalanche (AVAX)? Avalanche is the fastest smart contracts platform in the blockchain industry, as measured by time-to-finality. Avalanche is blazingly fast, low cost, and eco-friendly. Any smart contract-enabled application can outperform its competition by deploying on Avalanche. -CoinMarketCap.com Price and Dominance Charts

In the charts below, I compare Dodgecoin's performance against the DJIA, S&P 500, the Russell 2000, and the Nasdaq... as well as Gold. The charts show that XRP's price is highly volatile compared to traditional investments.  Below these charts, I have posted a correlation matrix with Bitcoin, Ethereum, Dogecoin the US stock indices, and gold. Dogecoin and USA Stock Indices and Gold

One question to ask about cryptocurrencies is how does their performance compare against traditional investments like US stock indices and Gold?  In the charts below, I compare XRP's performance against the DJIA, S&P 500, the Russell 2000, and the Nasdaq... as well as Gold. The charts show that XRP's price is highly volatile compared to traditional investments.  Below these charts, I have posted a correlation matrix with Bitcoin, Ethereum, Ripple(XRP), the US stock indices, and gold. XRP and USA Stock Indices and Gold

What Is Polkadot (DOT)? Polkadot is an open-source sharded multichain protocol that connects and secures a network of specialized blockchains, facilitating cross-chain transfer of any data or asset types, not just tokens, thereby allowing blockchains to be interoperable with each other. Polkadot was designed to provide a foundation for a decentralized internet of blockchains, also known as Web3.- CoinMarketCap.com Price and Dominance Charts:

  What Is Polygon (MATIC)? Polygon (previously Matic Network) is the first well-structured, easy-to-use platform for Ethereum scaling and infrastructure development. Its core component is Polygon SDK, a modular, flexible framework that supports building multiple types of applications. -CoinMarketCap.com Price and Dominance Charts

What is Dogecoin? "Dogecoin (DOGE) is based on the popular "doge" Internet meme and features a Shiba Inu on its logo. The open-source digital currency was created by Billy Markus from Portland, Oregon and Jackson Palmer from Sydney, Australia, and was forked from Litecoin in December 2013. Dogecoin's creators envisaged it as a fun, light-hearted cryptocurrency that would have greater appeal beyond the core Bitcoin audience, since it was based on a dog meme. Tesla CEO Elon Musk posted several tweets on social media that Dogecoin is his favorite coin".- CoinMarketCap.com Price and Dominance Charts:

What Is Solana (SOL)? "Solana is a highly functional open source project that banks on blockchain technology’s permissionless nature to provide decentralized finance ( DeFi ) solutions. While the idea and initial work on the project began in 2017, Solana was officially launched in March 2020 by the Solana Foundation with headquarters in Geneva, Switzerland." -CoinMarketCap.com What Makes Solana Unique? "One of the essential innovations Solana brings to the table is the proof-of-history (PoH) consensus developed by Anatoly Yakovenko. This concept allows for greater scalability of the protocol, which in turn boosts usability." -CoinMarketCap.com Price and Dominance Charts