The rise of Ethereum is likely to follow others

news background

Cryptoasset monitoring service PricePrediction predicted that the Bitcoin exchange rate in one month would be $15,532, which is about 7% lower than the current value of BTC.

The past year was more of an ice age than a winter for cryptocurrency, said Dante Despart, Head of Strategic Development at Circle. However, he is optimistic: bankruptcies and industry restructuring could be a boon for the crypto market in the long run.

Despite the bear market, the level of fraud and hacking in the cryptocurrency industry will not decrease in the new year, according to CertiK, an analyst firm focused on blockchain security. Fraudulent schemes and techniques have been devised, and the market has become vulnerable.

Fourteen years ago, on January 3, 2009, a person (or group of people) under the pseudonym Satoshi Nakamoto launched the pioneering Bitcoin network by mining a genesis block of 50 bitcoins. The first transaction occurred on January 12, 2009 – Satoshi Nakamoto sent 10 bitcoins to Hal Finney.

By FxPro Senior Market Analyst Alex Kuptsikevich

Leave a Reply

Your email address will not be published. Required fields are marked *