Cryptocurrency market capitalization reaches new heights
In recent years, the cryptocurrency trade has developed considerably, although many users can now act across platforms. This means that retailers can access their accounts and run shops across various stock exchanges, platforms and wallets.
One of the key factors for this growth is the increasing introduction of crypto assets by institutional investors. Companies such as Fidelity Investments, Goldman Sachs and Blackrock have all -oriented investment products have launched, which makes it easier to invest wealthy people in cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH).
Another important factor that contributes to the success of the cross -platform trade is the rise of decentralized applications (DAPPS). DAPPS are based on blockchain platforms such as Ethereum and enable users to create and provide their own applications without the need for intermediaries. This has made it possible for a new generation of dealers to access a wide range of financial instruments, including cryptocurrencies.
As a result, the crypto market capitalization reached a new highest high last week and exceeded a value of US dollars. The price goal for many cryptocurrencies remains intact, whereby some assets are now being traded on levels that are previously considered impossible.
But how are these prices defined? The key factor that promotes price movements is the block reward. The block reward is the amount of cryptocurrency with which a new transaction block is rewarded when the blockchain is added. This is intended to stimulate miners to validate and secure the network and play an important role in the development of cryptocurrencies.
The block reward for Bitcoin is currently set to 6.25 BTC per block, while the block reward from Ethereum is set to 2 ETH per block. The reward will increase by 12.5% every four years by 2140 if it reaches a maximum of 100,000 BTC.
The effects of the block reward on the price movements have been significant in the past few months. When the block reward was increased to 50 BTC in May 2021, Bitcoin’s price increased by over 30%. In recent times, a similar increase in the block reward from 10 BTC to 12.5 BTC has led to an increase in the value of the assets of 25%.
In summary, it can be said that the cross -platform trade and the increase in decentralized applications have promoted significant growth of the cryptocurrency market. Since institutional investors continue to invest in cryptocurrencies, prices are likely to increase. However, it remains to be seen how these price movements affect individual dealers, especially those with smaller portfolios.
Key TakeAways:
- The cross -platform trade is becoming increasingly popular, so that users can access their accounts and do business across different exchanges.
- Decentralized applications (DAPPS) have played a key role in the success of the cross -platform trade, which enables greater accessibility and flexibility.
- The block reward remains an important factor that promotes price movements in cryptocurrencies. The increase in the block reward will probably lead to a further price increase.
Course target range: $ 5,000 – $ 15,000
Target time frame: 1-3 months
Risk production: Trade of cryptocurrencies carries considerable risks, including the possibility of losses due to market fluctuations or regulatory changes. It is important to carry out thorough research and risk assessment before investing in an asset.