What are the chances BTC is actually overtaken by another crypto?
Will innovative advances in competing altcoins’ blockchains be enough to overtake Bitcoin’s success? When the famous Satoshi Nakamoto first designed his masterpiece, few could possibly have imagined the almost $63,500 peak that sent investors into a frenzy. Even these days, the first-ever cryptocurrency’s price feels hard to believe at times and investors might be pinching themselves every now and then. Taking a seat alongside Bitcoin (BTC) on the roller coaster, altcoins like Litecoin (LTC), Ether (ETH) and Bitcoin Cash (BCH) joined the ride — and, more recently, DeFi giants Polkadot and....
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Having overtaken the US, Japan has become the world’s second Bitcoin market, after China. Will the Empire of the Sun move ahead of all to completely embrace digital assets? Japan has recently overtaken the United States to become the world's second largest Bitcoin market. This development may come as a surprise to many considering the decline that the Japanese economy has had over the last two decades. But will the Empire of the Sun move ahead of all to completely embrace digital assets? A Galapagos environment. Japan is an unusual case even among developed nations. The insular nature of....
The crypto asset's market capitalization has also overtaken Tesla's again, following an overnight price surge. After hitting a new all-time high of more than $48,000 earlier today, the market capitalization of Bitcoin has surpassed the total market cap of the Russian ruble. According to data from AssetDash, Bitcoin’s market cap is $871 billion at the time of publication. This exceeds the money supply of the Russian ruble, which as of January was estimated to be 58.6 trillion RUB, currently valued at roughly $791.1 billion. The crypto asset has also overtaken Tesla Motors in market....
Ethereum’s potential to overtake bitcoin has been a hotly debated topic in the crypto space. Bitcoin maximalists believe that BTC is the original cryptocurrency and thus could never be overtaken by an altcoin. While ethereum supporters have remained strong in their resolve that the altcoin will outshine the pioneer cryptocurrency in the coming years. The […]
FTX has now become the top favorite among Ethereum whales. The spot which had been religiously held by meme coin Shiba Inu had been overtaken by the crypto exchange token which had been making waves in the industry. Multiple large buys from ethereum whales have shown bullish trends towards the digital asset as they continue […]
The stablecoin market has undergone a shakeup as USD Coin (USDC) has overtaken USD Tether (USDT) on the Ethereum blockchain. USD Coin Supply On Ethereum Is Now More Than Tether As per the latest weekly report from Arcane Research, USDC has now become the largest stablecoin on the ETH chain, surpassing USDT. A “stablecoin” is a type of crypto token that has its value tied to a fiat currency. Due to this fact, these coins don’t suffer from much volatility, hence their name. Though it must be mentioned that their value isn’t actually fixed, any depreciation or....