Crypto Weekly | Bitcoin finally climbs above 10k, a reback should be expected soon
Written by Oteme Eghele
Hi guys and welcome to another week with Crypto Weekly, a weekly write-up that talks about the market system regard to BTC, ETH, and EOS as well as news related to these Cryptos if any.
Last week we experienced an all-time high in the price of Bitcoin after 3 months of trial and fail, BTC finally crossed the $10k mark and brief as it might have been, it left a joyous occasion in the heart of many.
While it continues to hover above the $9k mark, tension is high and day traders are scared of going in with the possibility of it falling below the $9k, and rising to $10k is also uncertain.
As usual, adoption of Bitcoin continues, as different countries begin to install ATM supported Bitcoin for their citizens, and also various types of laws been put in place to ensure the smooth sailing of Bitcoin on this location.
For those just joining us today, Bitcoin is a decentralized currency that allows individuals to pay for goods and services 24/7 without restrictions or 3rd party say, it is simply the sender and receiver.
To create a Bitcoin wallet, simply download TokenPocket wallet today and follow the steps here to get started https://help.mytokenpocket.vip/hc/en-001/sections/900000131723-BTC
Ethereum continues to soar high despite the uncertain conditions surrounding the Crypto sphere, one can only wonder if a bull run is within reach or a dump is waiting to happen.
With a price of $240+ it continues to outperform most cryptocurrency as it attains a weekly low of $230 only to bounce back to its initial starting price of $240+
While the currency continues to perform greatly, little can be said concerning its Blockchain as DApps built on the Ethereum network continue to lose daily transactions due to the high cost of gas fees and this is creating a setback to many platforms who depend on Ethereum for daily transactions.
While many platforms observed setback, others tend to make full use of every advantage, TheSandBox a virtual Blockchain-based game currently been developed on the Ethereum Blockchain completed their first Moon sale within 5mins of coming live
Read the tweet about it here https://twitter.com/TheSandboxGame/status/1268983936933339137?s=19
After weeks of waiting for a change to happen or probably a spark, a recent development came to life last week as Voice made an announcement of allowing a public beta come June 4th.
For those not familiar with Voice, it is a social media platform which promises to change the concept of socializing online
Voice is a transparent, rewards-based social network for creating, distributing, and discovering content. It aims to foster a new and trusted experience through identity authentication and transparent database infrastructure.
Read more about it here https://voice.com/faq/
After the announcement, EOS soon experienced a rise in its price from $2.6 to $2.8+ before retracing to $2.75+ where it currently trades as of the time of writing this article.
As usual, individuals are always advised to do their own research before investing in any digital or offline platform.
This is all for this week, catch you at the same time next week and stay safe.