Of late, crypto prices have risen on the back of comments from billionaire Elon Musk and Ark Investment Management LLC's Cathie Wood. In late July, Elon Musk said Tesla was "most likely" to start accepting bitcoin as payment again. The comment helped the cryptocurrency race past the $30,000 level.
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The bitrise token has been on a hot streak lately, increasing its value by over 3558 percent in just three months. Experts are calling it the next SafeMoon and Shiba Inu Coin.
Shiller, R. (1981), “Do stock prices move too much to be justified by subsequent changes in dividends?”, American Economic Review 71 (3), 421–36.
Barberis, N., A. Shleifer, and R. Vishny (1998), “A model of investor sentiment”, Journal of Financial Economics 49, 307{343.
The price hike of Bitcoin, along with Ethereum, represents another wave of support for major cryptocurrencies as investors and crypto fans hope to usher the coin to a landmark $100,000 in value for 2022.
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Some major differences between Bitcoin and altcoins can be found in the blockchain itself. Some altcoins have an uncapped supply, which changes how the coins are used. Some altcoins have made the blockchain faster, which speeds up both mining and transactions.
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The market has been quite bullish on Bitcoin. Despite more than 13,000 cryptocurrencies listed on CoinMarketCap, Bitcoin remains the dominant digital currency.
Corbet, S., B. Lucey, and L. Yarovaya (2018), “Datestamping the Bitcoin and Ethereum bubbles”, Finance Research Letters 26, 81–88.
Lustig, H. N. and S. G. Van Nieuwerburgh (2005), “Housing collateral, consumption insurance, and risk premia: An empirical perspective”, Journal of Finance 60 (3), 1167–1219.
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There are also petitions through Change.org to have DogeZilla listed on major exchanges including Robinhood, Crypto.com, and WeBull.