Category Archives: Ethereum Classic

What Is Circulation Supply In Cryptocurrency?

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).

Reference: https://www.btcwires.com/round-the-block/what-is-circulation-supply-in-cryptocurrency/

Ethereum Classic Reaffirms Importance of Decentralization, as ETC is on the Rise

Ethereum Classic (ETC) is one of the best digital assets currently available in the market. Backed by a strong and capable team, the future for ETC looks bright and promising. Continue reading Ethereum Classic Reaffirms Importance of Decentralization, as ETC is on the Rise

THAILAND BANS ICOS FROM USING BITCOIN CASH, LITECOIN AND ETHEREUM CLASSIC

Contrary to reports making the rounds on the cryptocurrency news circuit, regulators in Thailand have removed three cryptocurrencies from the list of accepted tokens for ICO fundraising and virtual currency trading. The Thai SEC announced the news in a press release published on its website on Thursday (February 28, 2019). Continue reading THAILAND BANS ICOS FROM USING BITCOIN CASH, LITECOIN AND ETHEREUM CLASSIC

Except Bitcoin other coins like Ethereum, Litecoin, EOS, Bitcoin Cash see double digit drop

Just when the cryptocurrency market recovered from its 2018 lows and reached a 2019 high [today], everything turned upside down. Everything from Bitcoin to all other cryptocurrencies crashed by a big margin in the past one hour. Continue reading Except Bitcoin other coins like Ethereum, Litecoin, EOS, Bitcoin Cash see double digit drop

Ethereum Classic (ETC) May Decline Further But Future Prospects Are Bright

Ethereum Classic (ETC) is handing by a thread as price trades lightly above the 50 day moving average. This is the only thing between ETC/USD holding its ground and crashing hard to a new low in 2019. So long as Bitcoin (BTC) continues to stall a move to the downside, Ethereum Classic (ETC) is expected to do the same. Continue reading Ethereum Classic (ETC) May Decline Further But Future Prospects Are Bright