Billions of dollars flow daily into the crypto-verse, as investors try to get more value from their invested buck.

Nairametrics decided to highlight crypto assets that are likely to make investors and traders smile to the bank.

The first pick is ZCash (ZEC). It’s on Nairametrics’ top pick, on the basis that it will be undergoing its first halving this November. This means that its inflation level would be reduced to about 13%.

It also means that the inflation correction due to Zcash’s halving may likely give the temporary bump.

Ethereum makes the list based on the fact that investors have increased their buying pressure on the second most valuable crypto by market value, coupled with the bias that the number of Ethereum $ETH Number of Addresses Holding 0.1+ coins just reached an ATH of 3,590,870.

Previous ATH of 3,590,669 was observed on 30 October, 2020.

📈 #Ethereum $ETH Number of Addresses Holding 0.1+ coins just reached an ATH of 3,590,870

Previous ATH of 3,590,669 was observed on 30 October 2020

View metric:https://t.co/rW81qhwy4d pic.twitter.com/csNHWnBIL6

— glassnode alerts (@glassnodealerts) October 31, 2020

The third pick is Cardano (ADA), on sentiments that it’s heading towards its smart contract release, sometime in November, leading to a significant amount of applications built on Cardano by this time 2021. This means that more developers will see it as an attractive medium for building their desired apps.

And of course, the most valuable crypto in the crypto-verse, Bitcoin. This pick is for obvious reasons: it remains the most liquid crypto, and has been attracting high institutional interest, most recently from PayPal, which means that it might just be a matter of time before the crypto asset becomes the number one choice asset for safe haven.

Also, miners are earning fees at record highs as recent reports from Glassnode, a crypto analytic firm, reveals. Bitcoin miners’ revenue from fees (1d MA) just reached a 2-year high of 0.296.

The previous 2-year high of 0.295 was observed on 30 October, 2020.

📈 #Bitcoin $BTC Miner Revenue from Fees (1d MA) just reached a 2-year high of 0.296

Previous 2-year high of 0.295 was observed on 30 October 2020

View metric:https://t.co/d4U9MP8vqn pic.twitter.com/FSh6rfvwdZ

— glassnode alerts (@glassnodealerts) October 31, 2020

Disclaimer: Nairametrics, with the help of other leading financial data providers, through their price assessments performance in percentage terms, ranked the financial assets at specific categories.

The objective is to give the needed insight of top-performing financial assets around the world, and should not be seen as a piece of investment advice or guide, as Nairametrics advises one to seek the services of a certified financial advisor for such services.

Therefore, Nairametrics doesn’t bear any responsibility for any trading loss you might incur as a result of using this data.

Wealthy investors have lately intensified their moves at an astronomical rate, with the prevailing price seen at the world’s flagship crypto hovering above $13,000.

At the time of writing, over $1.5 billion worth of Bitcoins has been transferred from one point to another in more than 15 transactions less than 5 hours ago, as tracked by Nairametrics, thus giving a signal that wealthy investors are definitely up to something.

The most recent price movement captured by Nairametrics showed a BTC whale moving about $34 million worth of cryptos to Coinbase, the world’s most valuable crypto exchange company.

READ: Two strange Bitcoin whales transfer $290 million worth of Crypto

🚨 🚨 🚨 2,500 #BTC (33,671,694 USD) transferred from unknown wallet to #Coinbase

Tx: https://t.co/tDTgl2VgM3

— Whale Alert (@whale_alert) October 31, 2020

READ: Ripple owners say XRP will be worth $100

Why you should know: In the crypto-verse, traders, or global investors who own large numbers of BTCs are typically called Bitcoin whales. This means a Bitcoin whale would be an individual or business entity (with a single Bitcoin address) owning around 1000 Bitcoins or more.

The number of large entities owning BTCs recently reached an all-time high amid Bitcoin’s ascension. By October 25, the number of large entities owning over 1000 BTCs increased to 2,231.

Whales could be anticipating a strong medium to long-term Bitcoin price trend, and are choosing to hold on to BTC in expectation of a bull market.

READ: 2 TRON whales transfer over 120,000,000 TRX

READ: Dual citizenship firm opens office in Nigeria for millionaires, charges over $1 million

What this means: much of the recent increase can be attributed to wealthy entities withdrawing their BTC from exchanges. Apparently, this is not new wealth; rather, it represents a change in the way Bitcoin whales are choosing to hold their coins.

Explore the Advanced Financial Calculators on Nairametrics

• That said, it’s critical to note these large entities are on record highs amid last week’s price ascension. Statistics obtained from BitcoinCharts revealed that Bitcoin whale addresses actually control a much higher 7,902,469 BTC, or 42% of the total supply.
• That brings an affirmative bias that these large entities’ movements are trajectory to price movements at unprecedented levels.
• This is an indication that more high-net-worth individuals are entering the space to invest in Bitcoin, in expectation of $BTC price appreciation.
• Bitcoin accumulation has been on a constant upward trend for months. 2.6M $BTC (14% of supply) are currently held in accumulation addresses.

Fast-growing decentralized finance (DeFi) protocol, Harvest Finance, has increased its bounty from $100,000 to $1 million for details of an unknown cyber hacker – leading to the return of $24 million in siphoned funds taken recently.

What you should know

According to tweets seen on its official Twitter handle – Harvest Finance anonymous, Harvest is offering the bounty of $1M for “tracking down” the attacker and returning the funds.

READ: Crypto for music, AUDIO up by 500%

At the moment, the attacker is known to:

• understand flashloans
• understand arbitrage and trading
• understand the curve internal code
• understand renBTC
• understand opsec

READ: Fate of $2.3 billion worth of Bitcoins in Limbo

💵Increasing the bounty for tracking down the attacker and returning the funds to $1M

Here's what we know about the attacker:

1) understands flashloans
2) understands arbitrage and trading
3) understands curve internal code
4) understands renBTC
5) understands opsec

1/2

— Harvest Finance (@harvest_finance) October 29, 2020

READ: $100,000 bounty offered to catch crypto hacker

Why it’s happening

Harvest Finance’s bounty is coming on the back burner when it observed its protocol was apparently hacked, with the cyber hacker reportedly exploiting about $24 million from Harvest Finance pools and swapping for renBTC (rBTC).

READ: Cryptos: Nigerian financial experts talk risks associated with trading digital assets

• Hence, Harvest Finance affirmed the hack, stating the protocol is “working actively on the issue of mitigating the economic attack on the Stablecoin and BTC pools.”
• To protect users, we’ve pulled y pool and btc curve strategy funds to the vault.
• At this point, all Stablecoin and BTC funds are in the vault (not deployed in a strategy). No other pools are affected.
• To be specific: to protect users, 100% of Stablecoin and BTC curve strategy funds have been withdrawn from the strategy to the vault.

READ: Trump proposes $25 billion bailout for U.S. airlines

About Harvest

Harvest, a new (DeFi) platform created on the Kava blockchain, plans to launch a product that will enable users to earn more on Bitcoin, XRP, Binance coin, and two other cryptos.

Harvest offers crypto users the platform to supply crypto assets for lending, and earn interest on them, as well as, use their crypto as security for borrowing; this is according to Brian Kerr, Kava’s co-founder and Chief Executive.

Explore the Advanced Financial Calculators on Nairametrics