The market is looking great today, and we might be on the move upwards very soon.
The top ten cryptos are looking good today; Bitcoin is holding above 53 thousand dollars, Ethereum is moving upwards of 1,800 dollars.
The market is looking great today, and we might be on the move upwards very soon.
The top ten cryptos are looking good today; Bitcoin is holding above 53 thousand dollars, Ethereum is moving upwards of 1,800 dollars.
Uniswap moved up to the top ten at rank 8, passing Litecoin and Chainlink. This is very surprising because Uniswap is a reasonably new token, but this is an indicator that Version 3 is coming very soon. Insiders are probably buying up Unitoken because of this. The creator of Uniswap has also hinted that Uniswap Version 3 is ready, and this will significantly reduce the gas fees on Uniswap and will also open the door to a lot of small capital altcoins.
Version 3 will allow retailers to buy into these altcoins without paying massive fees. Rumor has it that Uniswap fees will be around 20 dollars per transaction which is acceptable.
Historically, March has been a lousy month for cryptocurrencies, but if the stimulus packages come out very soon and also the launch of Uniswap Version 3, hundreds of announcements will come up and will draw attention to the crypto space.
Mark Cuban is talking about Dogecoin; they are accepting Doge as payment for the Dallas Maverick Merch. He sees one dollar written in Doges tea leaves. He joked and said that if we sell another 6.5 million Doge worth of Mavs Merch, Dogecoin will hit one dollar.
He is only joking about all this, but this is drawing a lot of attention to Dogecoin, and Doge had a small pump around 15 percent.
Bitcoin is so scarce, and its limited supply capital means that you only need 0.01 BTC to become wealthy because, in ten years, its finite supply will be completely exhausted.
Experts say that it is advisable to hold at least 0.01 Bitcoin for long-term investment because of scarcity; there's not enough Bitcoin out there for every millionaire to hold one Bitcoin each. That's not including all the whales with thousands of Bitcoin and all the millions of Bitcoin lost forever to passphrase.
Earlier on, when Bitcoin was extraordinarily cheap and was pennies, people had their secret passphrase. They had it on a file or an old computer, and if they lose the passphrase, that means that Bitcoin is gone out of circulation forever. This happened to millions of Bitcoin.
The scarcity factor here is a significant reason why Bitcoin is performing so well this year.