A crypto trader who calls himself ScienceGuy9489 is back with a series of bullish predictions on the price of the four leading cryptocurrencies by market cap. Continue reading Crypto Trader’s Raging Bull Predictions
Arthur Hayes (BitMEX’s CEO) while discussing with Yahoo Finance U.K. linked the stormy conditions of 2018 to the nuclear bear market that happened in 2014/2015. Continue reading Ethereum Believer Patiently Waits For the Looming Crypto “Nuclear Winter”
With Bitcoin’s exponential growth and its overall success, new investors are looking to invest in cheaper digital coins in hopes of catching the next coin on its path to reach $3,800.
Investors prefer to buy coins which are as cheap as a fraction of a penny hoping to see the same results as was seen in the case of Bitcoin (BTC) and Ethereum (ETH). But, they often ignore one key ingredient: Circulation Supply.
At the time of writing this post, BTC has a circulating supply of 17.5 million coins, with the highest amount of bitcoin being capped at 21 million coins depending on the code.
With the existing price of around $3,800, that brings the market cap to roughly $68 Billion, market capitalization measures the total sum of coins in circulation times with the current market price (17,583,862 BTC x $3,878.74 ~ 68,190,216,836). This gives Bitcoin the largest market capitalization of any coin, at the time of writing (March 3rd, 2019).
What tends to happen is that new investors buy into crypto projects with billions of coins in circulation hoping that they would rise to prices similar to BTC. But, that’s impossible! Here’s why?
Imagine a project, ABC, that has 50 billion coins in circulation. Let’s say today, 1 ABC = $0.10, that would bring the market capitalization of ABC to $5 Billion (50 billion x $0.10).
For the longest time, the developers behind the Ethereum (ETH) blockchain have had their eyes set on Proof of Stake (PoS). Serenity, as core developers call the iteration of their brainchild based on staking rather than mining, is slated to come to fruition over the coming years. Continue reading Crypto Research Claims Ethereum PoS Unsustainable, Vitalik Hits Back
In past years, the Ethereum team had expectations of achieving a proof-of-stake network earlier. However, mining was preserved as a partial solution for the network. Continue reading Ethereum (ETH) Block Production Back on Track after Constantinople Upgrade