Crypto Weekly | BTC Crosses the $11k Mark and the Market Seems to be on a Steady Rise
Editor: Oteme Eghele
Hi guys and welcome to another lovely week with Crypto Weekly and as usual, we are bringing you the latest happenings surrounding the crypto market space with regards to BTC, EOS, and ETH.
After months of hovering around the $9k mark, the giant finally wakes up and it seems to be on a steady rise with no room to spare for the dump.
BTC has been on a steady increase after hitting the $10k mark, and I must say, the best might just be yet to come.
BTC continues to dominate the crypto space and other types of alt-coins like ETH follows
The current happenings are somewhat similar to 2017 where bitcoin opened the bull run and what happened next lasted for months.
As usual, always do your own research.
ETH was not left out from the party as the BTC pump continues, ETH experienced a surge in its price as it rose to $300+ within the blink of an eye.
It is well known that ETH has always been undervalued for a long time and the recent price hike proved this point valid.
From a weekly low of $236, ETH price pumped all the way to $329 and still climbing making it one of the best-performing coins this month.
Many opinions about this pump are related to the Defi DApps currently using the Ethereum network to perform their day to day activities which in turn creates a high need for ETH thereby leading to higher demand than supply.
Some few weeks back we saw EOS making a clear path to $2.7 which later fell back to $2.5 and it seems this coin still has some juice left in it as it rallied all the way to $2.8 as bitcoin continues its bull run.
EOS just like Ethereum is gradually seeing new DApps coming up and also few supporting decentralized finance bringing the party from ETH to EOS, while some might see this as a competition, others see it more like technology creating more and better feature as opposed to the traditional centralized means.
That said, voice is still on the way as it promises social connecting as you have never seen before.
This is it for this week and till some other time, stay safe and mask-on.