This Bitcoin-Related Meme Coin Explodes by Almost 3,000% in a Month: Details
Check out which is the latest meme coin to make the headlines recently.
Bitcoin is the first decentralized cryptocurrency, based on the blockchain technology. It doesn’t have a physical form as it’s entirely computerized. It’s stored in digital addresses and can be accessed using their private keys.
Back in 2009, Bitcoin was first introduced to the world. It was detailed in a whitepaper called Bitcoin: A Peer-to-Peer Electronic Cash System, published by the pseudonymous Satoshi Nakamoto, the identity of whom remains unknown.
Bitcoins are generated through a process that’s commonly referred to as mining. The main objective of miners is to validate the transactions on the network and to store them in blocks, which are then added to the ledger. Hence, the name – blockchain. For every added block, miners receive a reward in Bitcoins. They are also compensated for their work through the so-called mining fees.
Bitcoin is also the world’s first digitally scarce object. Its code is written in a way that would allow the existence of 21 million bitcoins. Once this number is reached, no new bitcoins will be added to the market, and miners will only earn profits by collecting fees.
Check out which is the latest meme coin to make the headlines recently.
The end of the week spells another Bitcoin options expiry event and there is a large batch about to go,
Kiyosaki believes the most important question is how many BTC an individual owns and what they think about the digital
Bitcoin transaction fees are on the rise again, and are expected to go higher once “Runes” goes live next week.
Santiment explained that speculative asset growth, as seen in the meme coin space, has been one of the main themes
BTC reclaimed $70,000, XRP found a spot in a prestigious list, while SHIB was forecasted to spike substantially.
The 2X Bitcoin Strategy ETF has nearly $1.6 billion in assets, attracting institutional interest as a bull market leverage play.
On-chain data suggests that the Bitcoin ETFs now comprise between 30% and 50% of the Bitcoin spot market.
According to Santiment, XRP is among the top cryptocurrencies involved in the most discussions in the space.
Mark Palmer, a Benchmark analyst, is bullish on MicroStrategy, setting a $1,875 stock target, almost double their previous $990 target.