Has The NFT Bubble Popped? Prices Down 65% While Ecologists Sharpen Knives
The NFT space has had a record-breaking first quarter with a multitude of high-profile sales. Most notable was Beeple’s The First 5000 Days, which sold for an eye-watering $69.3mn on March 11. It was the culmination of near 14 years of daily artwork around the theme of societal contradictions in the technology age. As the […]
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Are we in the midst of a bitcoin bubble? Perhaps, but that doesn't necessarily mean prices are on the verge of collapse. And, bubble or no bubble, some analysts believe bitcoin still has room to grow. Former Wall Street analyst Henry Blodget says past price bubbles show that, in general, prices can rise much higher and bubbles can last much longer than most observers think. "Internet stocks, for example, were first described as a bubble in 1995, a full five years before the peak," Blodget writes on Business Insider. "And the amount of money made in those next five years made everyone who....
Over the past year, the bitcoin landscape has seen dramatic changes. In the beginning of 2015, the price of Bitcoin was $313.92 and today a quick Google search gave me a price of $456.26. That’s an increase of about 45.34%. But this article is not about the price of Bitcoin, this article is about why the last bubble popped and why this “Rally” hasn’t yet begun. In his article titled Bitcoin Analysis Bubbles of the Past and Future by CCN author Joris De Ruiter, the author argues that every bubble gets smaller and that this may be a signal that Bitcoin is becoming more viable as an economic....
In September, the Darkcoin price broke out of a slump and surged at an impressive rate. However, Darkcoin could not sustain that massive amount of investment capital, because the Darkcoin price climb turned into a price bubble that popped during the latter half of September. But it appears the decline may be over and that Darkcoin is returning to its mean price level. Also Read: Darkcoin 2.0 Open Source - Can Darkcoin get it's mojo back? Darkcoin Price Returns to Mean After September Price Bubble. During the early portion of September, the Darkcoin price hovered around 590,000 satoshis. On....
Has the Bitcoin Value bubble burst? Looking at the most recent prices, we seem readier for a gentle nosedive than a new rollercoaster ride to the top. Many altcoins are heading down too: Litecoin, Peercoin and your beloved Dogecoin are all in a steady slide to the drain of the cryptocurrency world. But looking at the charts below, many would argue that Bitcoin is up for a new rise to 10,000 USD. This recent bubble wasn't the first bubble, and it won't be the last for Bitcoin. Bitcoin price in USD from begin 2013 to June 2014. You see that tiny top in April 2013? That was a bubble just like....
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