Bitcoin smoked Amazon and Apple in the last decade, can it do the same in the 2020s?BTC 📉 $7183 (-136%) / ETH 📉 $142 (-2.56%) / XRP 📉 $0.22 (-1.18%)
Bitcoin miner capitulation may be too early to determine as hash rate recoversThe threat of Bitcoin miner capitulation in the near-term has subsided, as the hash rate of the network recovered. Up until late November, the hash rate of the Bitcoin network was hovering at around 80 exahash. Cardano’s founder supports Twitter’s ambition for decentralized social mediaJack Dorsey, the founder and CEO of Twitter, revealed that the company will be spearheading an effort to create an open standard for decentralized social media. Ethereum locked in DeFi hits all-time high, total deposits up 22,400 percent in two yearsThe amount of Ethereum locked in Decentralized Finance (DeFi) has hit an all-time-high after one of the most explosive months for deposits on record and is now up 22,400 percent since December 2017. Bitcoin smoked Amazon and Apple in the last decade, can it do the same in the 2020s?Just ten years ago, Bitcoin was entirely irrelevant on a global scale, used by less than a few dozen individuals, who were transacting coins worth zilch on the open market in a peer-to-peer fashion. With a 90% YTD loss, Algorand is the worst performing major crypto of the yearAlgorand (ALGO) is the worst-performing major crypto of the year, having dropped more than 90 percent since January 2019. WAX blockchain network activity explodes and can now be tracked on DappRadarDappRadar, a data provider of decentralized applications (dApps) running across multiple protocols, announced that it will be adding WAX into its platform. Tracking trends in the WAX protocol WAX stands for World Asset eXchange. Featured companies💸 ZenLedger - ZenLedger is a tax software that enables you to import cryptocurrency transactions, calculate gains and income, and auto-fill tax forms like 8949, Schedule D, FinCen114 & FBAR. Learn more 📈 AMFEIX - AMFEIX groups investors' funds into a pool that is managed by experienced traders on liquid exchanges. Our team of professional technical traders and analysts execute open market operations on a daily basis and make profits from the volatility. Learn more Want to be seen here? Contact us Crypto market dataFor more pertinent market data, please see: Connect with usDisclaimer: None of the content in this newsletter is meant to be financial advice. Please do your own due diligence before taking any action related to content within this article. If you liked this post from CryptoSlate, why not share it? |