CryptoWeekly | Hit the New Record of 2020

Editor: Oteme Eghele

Hi guys and welcome to another beautiful week and also, another section with Crypto Weekly, a weekly writeup about the market structure and how it fair the past week with regards to BTC, ETH, and EOS.

BTC

Welcome to another beautiful week and as usual, Bitcoin is still alive and moving against all odds.

For those not familiar with the concept of Bitcoin, it is a decentralized digital asset built on the blockchain that allows holders to transact 24/7 without the need for 3rd party confirmations.

Over the past few weeks, we have seen this digital asset soar higher as it keeps defying all odds moving from its past price and only looking forward, from a price of $11k to a new monthly high of $12k with different views saying the best is yet to come.

While mass adoption of this decentralized asset continues worldwide it is fun to note than the circulating supply of bitcoin is already above 80% from a total max supply of 21mil, imagine making a rare asset rarer I wonder what the outcome might be then.

That said, users are always advised to do their own research before investing in any digital or offline platform.

ETH

ETH is not far of from BTC as it experienced a new monthly high of $400+ with all signals showing a green month.

Taking the fact that the Ethereum network is currently congested thereby generating transaction fees to a high of $5, one can only wonder the new high that might be generated when Ethereum version 2.0 comes to live.

Trading at a price of $390+ ETH experienced a few dumps here and there over the past week with a low of $368 and a high of $406 with many saying the best is yet to come.

That said, users are always advised to do their own research before investing in any digital or offline platform.

EOS

EOS continues to see good momentum as the daily price continues to soar higher.

Over the week it experienced a slight push and attain a new high of $3.22 after leaving its previous spot of $2.9, all signals are pointing to a green market the coming months combined with the fact that the alt-season is currently creating a green market structure, one can only wish that EOS like many other alt-coin follows this pattern.

That said, voice still continues to push forward with a new social system as we have never experience.

As usual, users are always advised to do their own research before investing in any digital or offline platform.