CryptoBreakfast 10.11.2020 - Bitcoin fluctuates, Ethereum soars
Bitcoin for a short time up to $ 14,800 with a strong resistance line at $ 15,600; The Celsius lending platform more than doubled the amount under management to $ 2.2 billion in six months; At $ 18,000, Bitcoin’s market capitalization will exceed the Canadian monetary base; Video: Bitcoin has not yet said the last word.
2.2.2020, when the CBDX token was verified by a smart contract and 2,078,882 CBDXs were issued for the territory of the Republic of Slovenia, we did not imagine that supply will run out so fast. In line with the dynamic price growth model (DPMC), the price of the CBDX token rose to € 2.0925, from an initial token value of € 0.20. Therefore, on 31 May 2020, we issued the Croatian supply of tokens 4,106,138 CBDX, which will raise the price to € 8 and prepared a wallet for you, through which you can now manage your tokens in one place.
During a short trip below the $ 15,000 mark, Bitcoin dropped to almost $ 14,800. Bitcoin was traded between $ 14,845 and $ 15,842 in 24 hours. Ethereum, second largest cryptocurrency, is trying to break through over $ 450. It means that it gained 13% in value in just a few days, after breaking the $ 400 limit due to positive forecasts regarding the introduction of the Ethereum 2.0 network. XRP traditionally stays just under $ 0.250.
The centralized crypto lending platform Celsius has more than doubled its assets in management in less than six months. As early as June this year, it had $ 1 billion under management, and currently has about $ 2.2 billion at its disposal. Due to its centralization (CeFi as opposed to the popular DeFi), many crypto enthusiasts look at it a bit sideways, but its results are more than satisfactory. Revenues generated mainly by loans to exchanges and market makers are shared with depositors in a ratio of 80:20 in favor of depositors. Thus, since its inception in July 2018, they have generated more revenue than any other DeFi or CeFi platform and distributed just over $ 80 million among depositors.
With its market capitalization, Bitcoin has exceeded the monetary base of many national fiat currencies and will be larger than the Canadian monetary base when it exceeds the value of $ 18,000. In the table you will be able to see a comparison of gold, silver, Bitcoin and the monetary base of some national currencies. The monetary base represents the amount of cash in circulation and immediately redeemable financial instruments in each national currency.