There’s been no shortage of exciting crypto news lately, and today is no different. Whether the news is big or small, cryptocurrency continues to be one of the most active topics in the world. And while the markets took a break for the holiday last week, cryptocurrency trading was as busy as ever.
Bitcoin and ethereum have seen some interesting price action lately
Before we get into today’s update, I just wanted to mention that we have a shortened trading week this week. The Market will be closed for Thanksgiving this Thursday and closed for a half day on Friday. With that quick housekeeping note, let’s get into it.
There are quite a few coins that have done very well lately, and neither of them is bitcoin or ethereum.
Here's why ETH is the future of crypto.
Following a rally to new all-time highs, it looks like Bitcoin has started to stabilize around $60k.
Last week, Nvidia hosted its annual GTC (GPU Technology Conference) event. And as one could imagine, a big topic was the metaverse.
It can be hard to keep track of the number of cryptocurrencies there are. It gets even more difficult to keep track of all their applications… Of course, not all coins are created equal and there are some that you’ve never heard of, or ever will. On the flipside, there are the coins on the forefront, such as Bitcoin. But Bitcoin isn’t the end all be all.
The electric vehicle (EV) boom is coming… Before you know it, combustion engines will be a thing of the past and we’ll be using charging stations instead of gas stations.
The US will experiment with techno-fascism, even perhaps de facto nationalizing the entire industry, but it will come no closer to satisfying demand.