Category: Cryptocurrency
Peak of Cryptocurrency Market Control: Bitcoin’s New Heights
The world’s largest and most renowned cryptocurrency, Bitcoin, has surged in price post-election night, leaving others in its wake during this bullish phase. According to TradingView, the Bitcoin Dominance Index (BDI) reached a new peak of 61.39% on Wednesday—the highest since March 2021. Understanding Bitcoin’s Market Share A rather rudimentary measure of bitcoin’s market share
Understanding Crypto Tokens: Their Functionality and Significance
Built on an existing blockchain, a crypto token symbolizes an asset or interest that has undergone the process of tokenization. Although they share multiple characteristics with cryptocurrencies, the asset natively belonging to a blockchain is the cryptocurrency itself. The process known as an initial coin offering (ICO) aligns crypto tokens with crowdfunding, where they are
The Evolution of Bitcoin Through Noteworthy Forks
Through the process of forking, numerous digital currencies have emerged. Mapping the diverse forks onto a timeline and distinguishing between these cryptocurrencies can prove challenging for the average cryptocurrency investor. Many prominent forks of the Bitcoin blockchain will be examined. A hard fork, in contrast to a soft fork, necessitates that all network members upgrade
Exploring the Surge in Ether’s Popularity: A New Horizon for Cryptocurrency?
Unprecedented Growth in Ether Investments This month, the ether market has witnessed a remarkable surge, with its price climbing over 40% to approximately $3,400. On Wednesday, U.S. spot ETH exchange-traded fund inflows skyrocketed to a daily peak of approximately $727 million, as reported by Farside Investors. Since the July 4 holiday, these ETFs have experienced
Erik Finman: Unconventional Journey to Teen Bitcoin Millionaire
Although Erik Finman’s triumph with Bitcoin doesn’t position him as a seasoned investor, he boasts a tenure in the crypto realm that surpasses nearly everyone else’s. His cryptocurrency holdings are varied and include a range of digital assets, underscoring his deep-rooted experience. Finman has conveyed his doubts about Ethereum’s future, maintaining that while short-term gains