Bitcoin Price As Driver Of Adoption, X-Factor is Key to Ecosystem Growth
Bitcoin’s market capitalization has exceeded $20 bln, and the daily volume of trade continues to rise. The cryptocurrency has reached an all-time high in price, climbing above gold, revealing an upward trend that as technical analysts forecast will continue. A typical characteristic of investors and adopters of any given innovation is the desire to be able to predict what both the short and long-term future holds. In order to predict the future of Bitcoin, certain factors must be considered and properly analyzed. These factors include historical events that may have prompted the prevailing....
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Both Bitcoin buyers and sellers attention on the market is always focused on the cryptocurrency price. This is a defining factor that empowers traders to makes decisions on whether to buy or sell Bitcoins. Every day, experts make forecasts about the price based on fundamental or technical analysis and market players are closely following any news that may affect the price and value of Bitcoin. In this article we will try to understand what factors affect the growth or decline of Bitcoin price rates. But first, let us recall what represents the price of Bitcoin. Bitcoin has value for....
The Algorand ecosystem has seen unprecedented levels of adoption. The network has been rising in popularity as investors seek a sustainable and cost-efficient alternative to the expensive and slower blockchains. Algoracle, a project created to provide Algorand with a native oracle service was created to bootstrap the ecosystem’s expansion. This can only move forward by connecting its decentralized applications (dApps) to the real world. Algoracle facilitates this process by providing the network with a decentralized bridge to connect smart contracts with real-world data. This service is....
Rookie driver, Alex Bowman, is embracing the use of Bitcoin in what is the first chance to bring Bitcoin to the NASCAR stage. A press release from the team was released this morning. BITCOIN AND NASCAR COME TOGETHER IN THE FIRST CROWDFUNDING EFFORT FOR A SPRINT CUP DRIVER. Alex Bowman, rookie driver for BK Racing, embraces the use of Bitcoin and emerging payment technologies. STATESVILLE, NC - JULY 24 -Today, NASCAR driver Alex Bowman and his team, BK Racing, announce their support of a Bitcoin crowdfunding effort, named Bitcoin23, to bring a Bitcoin themed car to the NASCAR Sprint Cup....
Metcalfe-Network-Effect. Network growth has been steadily growing larger and stronger over the last two years. While many people only look at the value of bitcoin, they are failing to see the adoption rate. The bitcoin price may have dipped slightly recently, and the record all-time high price of $1,124 USD of late November 2013 may now seem like a long way off. The bitcoin network itself is continuing to grow larger than ever. While according to Metcalf's Law, which states the value of a telecommunications network is proportional to the square of its users. There comes a point in this....
Continued adoption of non-fungible tokens across a variety of industries from video gaming, music, art, and digital collections could see the sector valued at $231 billion by 2030. A market report published by Verified Market Research (VMR) provides a lofty prediction for the future of the non-fungible token (NFT) market, projecting its value to swell to $231 billion by 2030.The global research and consulting firm valued the global NFT market at $11.3 billion in 2021 as part of 202 page deep dive into the burgeoning space. VMR predicted that the sector will grow at a compound annual growth....