Bitcoin: its weekly growth is higher than Ethereum’s market capitalization

Bitcoin saw more value enter its network in one week than the market capitalization of the Ethereum network.

Bitcoin has added more than $80 billion in value in the last 7 days compared to Ethereum’s market capitalization of $71.8 billion.

Bitcoin has recently surpassed the highest prices and has stabilized below $28,000. However, the sheer volume of money that investors are investing in the asset is also attracting attention. However, the record high prices are not the only numbers that are attracting attention. In less than a week, the size of Bitcoin Up market capitalization has increased by more than the size of Ethereum’s overall market capitalization.

Bitcoin has surpassed every new record high throughout the month.

The Trust Project is an international consortium of media organizations based on transparency standards.

Bitcoin has had a massive year and the largest cryptometer in terms of market capitalization continues to show significant market growth during the latter part of the year.

The market capitalization of #Bitcoin (+ 76 billion dollars) has increased by #Ethereum whole (73 billion dollars) since Monday.

This fact is almost surprising, as it shows how much growth and attention is focused on Bitcoin.
The Numbers

A look at CoinMarketCap shows that Bitcoin’s market capitalization has grown from $435.5 billion to $516.1 billion in just seven days. That’s an increase of $80.6 billion. The Dudas tweet highlighting this statistic is less than a 9-hour day old. Bitcoin’s share price and market capitalization continue to grow, so that the real figure is well over $80 billion in value added in the last week.

Does this increase tell us more about Bitcoin or Ethereum?

Both of the two leading cryptomoney products have seen increased usage and adoption, and Ethereum has undergone a fundamental upgrade. In addition to the increased interest of institutions in the cryptographic asset class, one of the main factors indicating the growth of Ethereum is the drastic increase in decentralized financial applications, or DeFi applications. At the beginning of 2020, the Total Locked Value (TVL) in DeFi applications was less than $1 billion. This number has exceeded $16 billion (although it has since declined slightly), in less than a year.

Ethereum’s major update in early December brought the network from ETH 1.0 to ETH 2.0. With the launch of ETH 2.0, the network verification process has moved from a proof of work (PoW) mechanism to a proof of issue (PoS) mechanism. Network validators will no longer need to dedicate power and computing power to validate the network. Now they simply put their Ethereum on the line. This transition increases the speed of Ethereum transactions while reducing the transaction costs for users: a win-win solution for network users.

Bitcoin’s fundamental growth leads some users to see this as a sign that Ethereum is being neglected. Anthony Bertolino, Brand Director of iTrust Capital, responded to Dudas‘ tweet by saying: „This makes me incredibly optimistic for ETH given the fundamentals in between“.

Gigant giełdy kryptowalut Coinbase sugeruje wejście na giełdę, gdy ceny bitcoinów rosną

Gdy cena bitcoinów rośnie do rekordowych poziomów, najbardziej znana giełda kryptowalut Coinbase zasygnalizowała zamiar wejścia na giełdę.

Amerykański gigant giełdy kryptowalut Coinbase niedawno przedłożył projekt rejestracji w Komisji Giełdy Papierów Wartościowych, potwierdzając pogłoski o planach upublicznienia IPO, które zdaniem analityków może być warte nawet 28 miliardów dolarów. Coinbase ogłosił, że złożył projekt oświadczenia o rejestracji w SEC, torując drogę dla planów ostatecznej pierwszej oferty publicznej. Ogłoszenie to wynika z faktu, że zainteresowanie bitcoinem i innymi kryptowalutami wzrosło do nowych szczytów podczas pandemii koronawirusa.

Szacunkowa wartość Coinbase wyniesie około 28 miliardów dolarów

Badaczka z Messari Crypto, Mira Christanto, głęboko zanurkowała w niektóre dane biznesowe i handlowe giełdy kryptowalut i doszła do potencjalnej wyceny na 28 miliardów dolarów. Mirar Christanio stwierdził : „po ogłoszeniu pierwszej oferty publicznej Coinbase wyceniamy firmę na 28 miliardów dolarów. Coinbase to jedna z najbardziej znanych giełd z dziennym obrotem 1 miliarda dolarów w grudniu 20 ”. Badacz dodał, że model użyty do wyliczenia wyceny podzielił segmenty działalności firmy według opłat handlowych, opłat powierniczych, kart debetowych i innych kryteriów. Dodała, że ​​wolumen obrotu pochodzi głównie od klientów instytucjonalnych, ale średni stan na jednego klienta wynosi 703 USD.

Bitcoin nadal osiąga najwyższe poziomy w historii

Cena Bitcoin jest na jego wzloty cały czas po czołowym kryptowaluta wzrosła powyżej $ 20,000 bariery w środę po raz pierwszy w swojej historii. W chwili pisania tego tekstu bitcoin zmienia właściciela za nieco ponad 23 000 USD. Istnieje kilka czynników, które pomogły bitcoinowi osiągnąć nowe szczyty wszech czasów. Instytucjonalne zainteresowanie bitcoinem zwiększyło swój rok jako zabezpieczenie przed tradycyjnymi aktywami.

MicroStrategy, Bitwise i Grayscale gwałtownie rosną pod względem inwestycji, zarządzanych aktywów i cen akcji swoich funduszy, gdy Bitcoin osiągnął rekordowy szczyt cen w tym tygodniu.

Is the video game industry ready to embrace blockchain and crypto?

The video game industry and the fields of blockchain and crypto seem to fit together perfectly.

Big video game developers aren’t ready to embrace blockchain technology.

Indie games like Blankos Block Party and The Sandbox already use cryptocurrencies and NFTs

Will video games be one of the main ways to introduce crypto to the masses? Are there already any innovative blockchain-based games being developed that integrate crypto-finance and trading features ? Or are we doomed to other versions of CryptoKitties and will never go beyond these type of blockchain-based gaming apps ?

The video game industry and the fields of blockchain and crypto seem to fit together perfectly. Both communities recognize and appreciate the value of digital objects, lead cutting-edge technological developments, enjoy being in full control of their actions and are fond of intense emotions. The non-expendable tokens (NFT), the performance of farming, numerical rarity and crowdfunding are just a few examples of areas of agreement that could bring players, investors and traders.

At first glance, blockchain appears to be useful in the gaming industry. It can potentially be deployed for many improvements, from securing data to saving progress and saving betting data in an immutable ledger. . It can also be used to create truly decentralized games, where no single entity can control them independently.

The global gaming market is expected to reach revenue of $ 159.3 billion in 2020 , growing 9.3% year-over-year. Can blockchain and cryptocurrencies be part of this industry? Of course! That said, are the big video game companies that generate massive revenue year after year ready to embrace blockchain technology? Not yet. And there are at least two reasons for this.

Factors that hinder blockchain adoption

William Quigley, co-founder of Magnetic Capital and WAX, says the blockchain is not yet developed enough to become an interesting tool for large developers. Quigley said:

The blockchain is really not ready for large-scale video games. It’s too slow today, and it also lacks a lot of tools that people building, say a great video game, would need to access. The technology is therefore immature.

Even though the gaming industry is poised to adopt blockchain technically and use it to advance the functions and operability of games, there is another, and possibly more relevant, issue that relates to financial factors.

The second reason is money. The great development of the video game industry in recent decades proves that its economic model is working. If there is one place where developers or artists are successful in selling virtual and digital items to their customers, it is gambling.

Often times, video game players are looking for rare items within that game, being willing to pay real money to get them. There are concerns that blockchain technology will help players trade and exchange items with each other, without the need for a central entity.

If developers are no longer profiting from the introduction of digital products in their games, what would be the reason for developing them in the first place? This freedom and decentralization can seem pretty scary for established gaming brands.