Following another dip below $45,000, bitcoin has bounced off and reclaimed $46,000. Most altcoins, though, have outperformed their leader. The most evident example comes from Cardano (ADA), which has surged by 20% in the past 24 hours.
It’s growing popularity, according to McPhillip—Pi’s head of community, is a result of the network’s relative “accessibility.” In an interview with Decrypt, McPhillip explained that Pi, unlike Bitcoin, is powered by the strength of its users’ “social networks.” .
Grayscale CEO Michael Sonnenshein discussed the opportunites for crypto investors in the metaverse at the Yahoo Finance-Decrypt "Crypto Goes Mainstream" special.
What's happening: Hype around bitcoin is building again, with a financial tool that could boost public exposure to the digital currency poised to make its debut this week.
“I was all in until recently when it was revealed that mainnet wouldn’t happen until 100 million ( whatever it is) pioneers is reached. I know it was a lot. Considering it’s been years and it’s only at 10 million… Good luck with that!”
The Pi project is currently in Phase 1, as outlined on the project’s website, and the team is also looking for students to help in the areas of distributed systems, back-end and frond-end development, social scientists, economists and businesspeople.
Bitcoin had rallied 220% in 4Q 2017 and if history repeats itself, Bitcoin could reach $96,355, which could potentially be this cycle’s top.
There are about 7,600 traditional mutual funds, according the Investment Company Institute, a trade group. It may come as a surprise that that number of mutual funds exceeds the number of stocks, since most mutual funds aim to invest in U.S. stocks.
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This is quite surprising, considering that Tezos has ranked 4th about six months ago, according to a report at the time.
Much like other cryptocurrencies, any user anywhere in the world can use ADA as a secure exchange of value.
Liquidity measures how easy (or difficult) it is to swap one asset for another. Traders want to be able to convert one asset for another asset while having a minimal impact on the price. The more illiquid an asset is, the harder it will be to trade it without causing a major price change. Therefore, liquidity is an extremely important factor to consider before deciding where to trade.
Tezos used to be the king of staking, but the token has dropped significantly down the pecking order to the 11th spot. It has a staked capitalization of $3.5 billion and generates about 5.5% returns annually for stakers.
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