The project team has worked hard and decided to end the year with great news for all holders and miners of the coin! ERGO has been listed on a large exchange MEXC Global.
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β’ After 90 days, the return was 59% on average
β’ After 180 days - 373%
β’ After 1 year - 2908% ( this average includes 279% and 594% in the second and third halvings. The average annualized hyper-return is due to the result of the growth after the first halving (7851%)
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This surpasses the previous record of 724,000 set in December 2023. The rise in transactions is attributed to the launch of Runes, a new token standard on the Bitcoin blockchain.
βRunes and Ordinals demonstrate the value of the blockchain space, Bitcoin is the most decentralized, safe and secure network in existence, so there will be use cases and value extracted from this blockchain space,β experts emphasize
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For example, recently the coin was listed on HTX (former Huobi)! The price of the asset has already reacted to this news with a slight increase.
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Despite the fact that the first cryptocurrency appeared only 15 years ago, it is already successfully competing with the largest technology companies.
Among tech companies, only one competitor has been able to overtake BTC in the last 10 years β graphics processor maker Nvidia.
Thus, cryptocurrencies can rightly be called one of the most profitable and promising instruments today.
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π₯ The current bullrun may be the last cycle before Bitcoin and major blockchains are finally adopted, i.e. their mass popularity among ordinary people
As an analogy, some users have started to compare the rate of spread of the Internet and the major cryptocurrency. It turns out that the number of active users of the Bitcoin network is now comparable to the popularity of the Internet in 1997.
β¨ Blockware Solutions has published a report regarding the rate of Bitcoin adoption. In it, the agency claims that by 2030, about 10% of the world's population will be actively using the cryptocurrency.
As in the case of smartphones and the Internet, the so-called βnetwork effectβ is at work here. The more people use bitcoin, the faster its audience grows.
π Necessary links
As an analogy, some users have started to compare the rate of spread of the Internet and the major cryptocurrency. It turns out that the number of active users of the Bitcoin network is now comparable to the popularity of the Internet in 1997.
This suggests that we are still in the early stages of a rapid phase of BTC popularization.
As in the case of smartphones and the Internet, the so-called βnetwork effectβ is at work here. The more people use bitcoin, the faster its audience grows.
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He showed the community an infographic that shows the performance of BTC over the past 8 years compared to traditional investments.
Saylor revealed that BTC has maintained gains of over 100% year-over-year since 2016, while other investments have barely achieved comparable returns.
For example, gold and real estate in the US have seen a 20% increase in 2019. At the same time, currencies such as the Turkish lira and Argentine peso experienced a crash, falling as low as 0.001%.
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The scale of implementation does not yet allow it to fully act as a hedge against inflation. This opinion was expressed by the founder of SkyBridge Capital Anthony Scaramucci.
In his opinion, bitcoin is still technically at an early stage and will be traded like other risky assets until the number of users exceeds 1 billion. This should happen by the end of 2026, if not earlier.
The expert also noted that since January 2022, the US dollar has lost 22% of its value, while digital gold has risen 3.5 times.
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In 2024, the position of presidential candidate Trump has undergone a noticeable change.
The billionaire released several NFT collections and began accepting donations in the form of cryptocurrencies. ChatGPT concluded that his victory is optimistic for BTC and could translate into a soft regulatory climate.
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According to Rekt Capital, the indicator will soon start moving towards $425 billion.
The approaching rally is also indicated by the EMA20, stochastic RSI and bitcoin dominance index.
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According to The Block, the open interest in bitcoin futures has grown by more than 100%. At the beginning of the year it was equal to $17.2 billion. At the same time, the rate of the first cryptocurrency added 66% growth and updated ATN.
The OI shows the total value of all outstanding bitcoin futures contracts on exchanges. It indicates increased market activity and trader sentiment towards this asset.
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However, we are actively working on creating new interesting modes!
A new "Liquidation" mode is available now, where you can get a free prize.
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The probability of finding a private key in Bitcoin is equal to the probability of winning the jackpot in the lottery 9 times in a row. The SHA-256 hashing algorithm used in the Bitcoin network creates a blockchain security of 2^256.
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The metric is calculated as the ratio of the value of BTC mined (in a time period) to the weighted average of the value of BTC mined.
Historically, this drop has always been followed by a price increase, indicating a potential bullish trend for BTC.
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Just recently the project overtook Arbitrum in terms of capitalization and entered the top 40 cryptocurrencies according to Coingecko.
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π₯ Still think that mining Bitcoin is not profitable?
Miners have already earned as much as 2000 BTC thanks to commissions from transactions in the innovative Runes protocol!
This amazing achievement was made possible by the launch of Runes during the halving block. Already in the first 24 hours after the launch, miners were able to earn half of this amount, which confirms the high potential of this novelty.
π Start earning passive income from mining today!
π Necessary links
Miners have already earned as much as 2000 BTC thanks to commissions from transactions in the innovative Runes protocol!
This amazing achievement was made possible by the launch of Runes during the halving block. Already in the first 24 hours after the launch, miners were able to earn half of this amount, which confirms the high potential of this novelty.
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This theory was expressed by the CEO of Bitcoin Magazine and a crypto advisor to Trump's staff.
In addition, the cryptocurrency industry could be an important factor in the upcoming elections.
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He notes that BTC's market capitalization is growing faster than its realized capitalization, and this trend usually lasts for about two years.
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We tell you what happened in the cryptocurrency market in the last week:
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π2
Also, on the new social platform Truth Social, Trump expressed his support for the cryptocurrency industry. He noted that he treats this sphere very positively and supports companies working in this direction.
According to the former president, the current leader of the country is trying to hinder the expansion of the cryptocurrency industry in the American market.
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Financial analyst Tedtalksmacro noted increased investor interest in spot BTC-ETFs in the US.
The volume of BTC available for purchase on major exchanges is also the lowest since 2017 at 1,918,417 BTC according to CryptoQuant.
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