A New Bitcoin Spring: Here Are the Factors Driving an Imminent Bull Run

There have been several forecasting models that have predicted that the price of bitcoin will reach $20,000 this year. Although several investors are skeptical and are hoping this won’t end up like the last bull run in 2017.The new upswing in the price of Bitcoin is influenced by a confluence of factors, making it different from similar trends. These factors include the following:HODL wavesHigh hash rate Crypto influencers
Read Also: How The Binance P2P Platform Works
HODL WavesAccording to Philip Swift, Bitcoin web portals analyst, the ‘hodl waves' chart shows how a Bitcoin bull run could be imminent. He tweeted that 60% of all Bitcoin in circulation hasn't moved in twelve months.He also added that the last time this was seen was in 2016, only a few months before the start of the 2017 Bitcoin bull run.Glassnode, a blockchain data intelligence provider, asserted in one of its weekly publications that “this clear hodling behavior is macro bullish for Bitcoin, supporting the narra…

The Chainlink Emergence: Opportunities and Prospects

As is common in emerging markets, every now and then a new project or offer appears with the intent of completely taking over or reshaping it. While the first half of 2020 was quite slow, a particular project gained a lot of momentum during that time: Chainlink.What is Chainlink?Unlike most projects in the blockchain area, Chainlink is not yet another blockchain. Rather than trying to reinvent the wheel, Chainlink joins a small set of projects whose main goal isn’t to become the de-facto blockchain, but to improve already existing ones.To do this, Chainlink has tagged itself as an “oracle middleware.” In order to understand what this means, we should know what each of those words mean in the blockchain world.MiddlewareA middleware in tech is a piece of software that’s used to link two or more otherwise separate systems. In blockchain, middlewares are often seen in projects attempting to bridge together different blockchains or different versions of a single blockchain.OraclesAn oracle…

How The Binance P2P Platform Works

Quick IntroductionP2P stands for Peer to Peer, and it is a form of networking that has applications extending even beyond cryptocurrencies. P2P networks allow people to directly carry out transactions with each other without a third party having to mediate. Of course, there has to be a platform facilitating the interactions between participants in the P2P network and overseeing security and maintenance, but that's where it ends. The actual transactions are between participants and do not need the oversight of the platform managers.BinanceCreated in 2017, Binance has grown to become the world’s largest cryptocurrency exchange with a $1.3 market capitalization. There are various activities which can be performed on the platform. Users can share, buy, trade and store all cryptocurrencies and stable coins on the Binance platform. The first step is creating a wallet by signing up.Creating a WalletThis is a simple step that can be taken by visiting the Binance website. All you have to d…

4 Factors Fueling The Growth of P2P Crypto Market

Since 2008 when Bitcoin was introduced, cryptocurrencies have gone through various versions of perception. Initially, they were considered just another frivolous tech project that would get lost with time. That has not been the case. Despite swings between highs and lows, such as the bitcoin rally to $20,000 (with corresponding upswings in other cryptos like ETH) and the dip to below $6,000, cryptocurrencies have continued to soar in popularity.More people, by the hour, are signing up on exchanges, creating crypto wallets, trading, making payments for services, and sometimes, just storing their money. There are a lot of factors that have contributed to the growth of the P2P crypto market, below are four of them.Eroding trust in traditional finance:From the great depression of 1929 to the 2008 global economic recession, and now, the looming financial slump from the coronavirus pandemic, two lessons have kept recurring. They are:Ă˜The centralized economy is too vulnerable to systemic ris…

Cryptocurrency Transaction Fees: Which are the lowest?

Nobody likes paying transaction fees. Be it from using our debit/credit cards, from bank transfers, or from payment services like PayPal, there’s a part of us that always feels bad when we notice the added fees – particularly if we add them up.Since this is the case for fiat money, it stands to reason most people would feel the same about cryptocurrency fees. However, while most articles on crypto fees will give you detailed information on which exchanges offer you the lowest fees (and for which currencies,) we rarely ever take a look at another important part: The fees currencies themselves charge.Why do cryptocurrencies take fees?Blockchain – that is, the technology behind cryptocurrencies – relies on a semi-distributed ledger where, instead of a single server keeping track of transactions and authentication, every node on the network does. However, as everything in the world, keeping these nodes up costs money.In Blockchain’s case, this money isn’t a monthly server costs fee that t…

Five Features of Cryptocurrencies that Beats Fiat as COVID-19 Halts Global Markets

As coronavirus halts and bullies the global market and economy, many people are seeking the best means to secure their wealth by converting it to a more stable and reliable store of value. This is one big reason why cryptocurrency is valuable – its resilience to economic crises.Fiat has helped in many ways and will likely remain a store of value all over the world, but as you know it, the economic downturn is taking a bad toll on the financial situation of some countries. Recession will likely hit the world's economies , and that’s all because of the way the traditional fiat works. Think about this scenario- assuming countries use cryptocurrency, tit will be largely untied to economic vagaries.There are many other crypto features that beat the traditional fiat in and out of a pandemic, and I will share the top 5 features with you in the following paragraphs.1. Resistance to InflationThe strength of fiat currency is dependent on the strength of its issuing body – the government. Al…

How The Digital Yuan Could Be Another Game Changer Extending China's Global Economic Domination

A New World of National CryptocurrenciesThough many national cryptocurrencies prefer to be known as CBDCs (Central Bank Digital Currencies), mainly because they are controlled by the central bank and government, they still have the main characteristics of blockchain cryptocurrencies, which are anonymity and transparency.Some countries have taken a giant step in launching their own national cryptocurrencies, such as Dubai’s EmCash, Senegal’s eCFA, and Venezuela’s Petro. Other countries like Japan, Sweden, and Russia plan to launch their own national cryptocurrencies soon (though some of these countries show little enthusiasm while some may have even pulled out).But of the world’s major economies, China appears to be taking the lead in the creation of national digital currencies, and the highly-anticipated Digital Yuan has been on the mouth of every Chinese, as well as in every crypto community on the web.Let’s find out in this article what Digital Yuan is doing, and how the currency wi…