As you probably know, Bitcoin has increased its value again over the past weeks. And while many are satisfied from this price increase claiming that they earned well, it is also important to see the possible dangers and ‘what if’ scenarios.
For example, some people say that the entire ecosystem is sitting on a potential volcano that lays dormant at the moment – and others say that Bitcoin is a bubble that may suddenly destroy its value. One way or another, Bitcoin has been a massive revolution in the online world. However, if its creator (who has 1 million coins) decides to sell it, he could instantly destroy its value.
The Power That Satoshi Nakamoto Has Over Bitcoin’s Value
According to a lot of experts, Nakamoto has the power to tank the Bitcoin price whenever he wants. However, it is not in his best interest to do so. Wondering why?
Well, let’s just say that controlling Bitcoin is a great authority. But when you think about it, Nakamoto’s one million Bitcoins only amounts to 5% of the entire cryptocurrency. That being said, while Nakamoto had a greater power in the past, his power now is dropping only because more and more people are buying Bitcoin and the market cap is greater each day.
Still, Nakamoto’s focus is definitely not selling his one million Bitcoins – and he has really gone undercover when he pulled away from his creation. For a man with such high value nowadays, his influence has not been noted among the pseudo-anonymous Bitcoin network.
Other Factors That Are Somehow Protecting Bitcoin
It goes without saying that Satoshi Nakamoto is a smart man. In times when the Bitcoin has the brightest future and even the potential to become a currency itself, selling it would be a silly move. On the other hand, Bitcoin has a finite supply of 21 million which is expected to be reached by year 2140.
So in the end, while Nakamoto has all the power to cripple Bitcoin, it is in his best interest to not do so. This is another reason why people should consider investing in the cryptocurrency and make a safe bet in their future.
Ethereum Price Closer To $175: Is $182 The Next Milestone For ETH?
- The technical indicators are as following:
- Hourly MACD – The MACD for ETH/USD is pushing higher and gaining a bullish momentum, with a lot of positive signs.
- Hourly RSI – The RSI for ETH/USD surged above the 60 level and it is right now stabilizing near 75.
- Major Support Level is at $168
- Major Resistance Level is at $175
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Tron Has Fastest Growing DApp User Base, But Ethereum Is Still The Developers’ First Choice: Report
“The Ethereum-based games have already created a stable community with a group of loyal audience.”According to the numbers in it, the Q1 of 2019 showed that 504 DApps were added to the DApp.com list, of which more than half were Ethereum-based.
“It shows that Ethereum is still the No.1 choice for developers to build their dapp on. At the same time, we also have seen a trend in multi-chain developing, as many Ethereum dapps expand on multiple chains, such as Ethereum + EOS or Ethereum + Tron," the report sums up.The number of active DApp users on the Tron blockchain reportedly amounted to over 300,000 while on EOS it is around 260,000. The report also showed that by the end of Q1 2019, the number of Tron wallets exceeded $2.3 million and about 15.46% of them interacted with DApps. Around 85% of Tron's DApp users interacted with the apps in Q1 2019 which translates to Tron being the most active chain among the four blockchains. The report also pointed out that 95% of the EOS DApps reported a transaction in the first quarter of the current year as did over 80% of Tron and Steem (STEAM) based decentralized apps. For more of the latest cryptocurrency news, head to our homepage!
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