Written by Oteme Eghele
Hi guys and welcome to another edition of crypto weekly, a weekly write-up where we inform users about the happenings surrounding the crypto space and how the market was the past week.
Bitcoin seems to be experiencing a good buy and sell rate this past few weeks, we saw it climb from $5k back to $6k and now currently trading at $7k, many say the price is linked to bitcoin halving coming up in May and others say individuals are trying to escape the economic crisis and bitcoin just like gold looks like a good haven to store assets.
Bitcoin is a decentralized cryptocurrency with a limited supply which creates its price alteration and like most cryptocurrencies, it is not owned or governed by anybody or organization.
Having a limited supply means a time will come where there will be no more Bitcoin to mine rather the only way to get Bitcoin then will be by purchasing from those who already own a certain portion of it and willing to sell then. Bitcoin halving is a reminder, telling us that this future is possible.
The Ethereum network experienced quite the pump this week, moving from its initial $140 to a high of $170 before falling to $160 where it currently trades as at the time of writing this article.
Speaking of the Ethereum blockchain, it seems Decentraland a virtual reality world built on the Ethereum network is seeing a good number of users donating to a just cause to help during this COVID-19 pandemic by creating a donation channel and so far, a sum total of $4500 has been realized
You can follow them on Twitter @decentraland and also view the current donation amount via this tweet published some few hours back
Decentraland is live and users can already play the game, also in-game items can be traded on market like opensea.io, looking for something new to try, then Decentraland might be worth looking into.
TokenPocket has a similar event to fight against the COVID-19, #WeWearMasks, join it and win a chance to get a $5 mask subsidy.
The EOS blockchain just like Bitcoin and Ethereum saw a good high this week before dropping where it currently trades at $2.5 as of the time of writing this article, while many see EOS moving further down this week, others say the opposite, but as usual, users are always advised to do their own research before investing in any platform.
Speaking of the EOS blockchain, recent development says Block.one might start voting BP’s on the EOS blockchain sometime next month.
The Cayman Island-based developer house announced Wednesday that, having watched EOS develop over the past two years, it now thinks the time is right for it to come off the sidelines and begin actively contributing to the network. you can read more about this here
Block.one Plans to Start Voting on EOS, the Blockchain It Birthed - CoinDesk
Block.one plans to start actively voting for EOS block producers sometime next month. The Cayman Island-based developer…
While the above is ongoing, Binance made an announcement about adding EOS to Customizable Locked Savings, you can read about the article via Binance help page here https://binance.zendesk.com/hc/en-us/articles/360041736252
This is all for this week, catch you guys the same time next week
Screenshot used were collected from Coinmarketcap, a cryptocurrency ranking platform, crypto prices, and market information.