CryptoBreakfast 1.12.2020 - Ethereum 2.0 alive, Bitcoin with a record
A closer look at the TOP10 cryptocurrencies and their prices; Ethereum 2.0 to today in production starting phase 0; Analysts explain why the breakthrough to record Bitcoin values is sustainable in the long run.
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.
One could say with relief, that the crypto market is normalizing, as bitcoin reached a new record high in 2020 of $ 19,863 and altcoins are following. Bitcoin is currently trading at $ 19,400, Ethereum has risen again above $ 600, and XRP above $ 0.6. Analysts warn that new record values of Bitcoin should not be expected to be achieved immediately, and it is better to be patient during the upcoming corrections. Meanwhile, the value of gold fell from a record high for 15% due to a large migration of precious metal assets in the last week.
This year, we have witnessed many rumors and activities related to the launch of the Ethereum 2.0 network. According to ConsenSys and Vitalik Buterin, the project has two main goals, namely the transition from the existing proof-of-work (PoW) protocol to a “friendlier” proof-of-stake (PoS) protocol and the subsequent integration with the Ethereum 1.0 network. The project was set up with the aim of making the network faster, more scalabče, more secure and more reliable. Many tests were performed during the year, but the most important milestone was the establishment of a deposit agreement, which allowed the collection of a sufficient number of Ethereums to launch Phase 0, which began today. Users are not expected to feel any change in the management of their Ethereums other than the announced lower transaction costs and their increased speed.
Despite fluctuations in the value of Bitcoin, many analysts are convinced that this time we are seeing more long-term sustainable growth than we witnessed in 2017, when Bitcoin lost its breath after six months of growth. Among the reasons for their oversight, most state that the situation in the crypto market has changed, as serious financial institutions have begun to invest in the market and the share of once leading actors found among individual investors, early entrants and miners has greatly decreased. Additionally, according to analysts, the crypto market has matured enough to represent an alternative to established financial classes.