CryptoBreakfast 5.11.2020 - Crazy Turbulence
Bitcoin again over $ 14,000, this time more stable, Ethereum finally exceeded the $ 400 limit; In just 30 minutes, 1 million ETH locked in stake on Ethereum 2.0; Turbulence in betting on winning the US election.
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.
Bitcoin broke to $ 14,250 this time and set up a new support line at $ 14,100. It was traded between $ 13,545 and $ 14,432 in 24 hours, but had already exceeded $ 14,500 at the time of writing. We are certainly expecting a turbulent period, possibly also related to the response of the S & P500 stock index to the US elections, in which both scenarios mentioned yesterday are still possible. Meanwhile, Ethereum’s second-largest cryptocurrency has finally surpassed $ 400.
On the Ethereum 2.0 network, which is expected to come to life next year, they have finally established a deposit agreement that will allow the deposit (lock) of Ethereums for later staking, which will allow holders of at least 32 Ethereums to maintain the network and thus proportional earnings from transactions generated on network 2.0. In order for the network to come to life and be sustainable, at least 524,288 ETH must be dedicated to staking by at least 16,384 certifiers, which would be quite possible by the end of the year, as more than 1,000,000 ETH in the equivalent of about five million US dollars were "locked" in just over 30 minutes. This drove the value of Ethereum over $ 400.
If you think the situation in the crypto and stock markets during the US election is turbulent, we inform you that the bets on the FTX crypto-derivatives exchange FTX described yesterday on the question of whether Donald Trump will win the election are a real Roller-Coster. Recall, the token showed the possibility of Trump’s election with a 36% probability, just a few hours later the probability rose to 75%. Analogously, the probability of Biden's election was 62% and dropped to 26% after a few hours. Today’s data gives Trump only a 17% chance of being elected, compared to Biden’s 84%. Probability is tied to the value of the token you can trade!