Which tokens are worth buying? or why you should not lose sight of it.
A lot of events are happening in the crypto space, Hello everyone, today we will talk about tokens that you should pay attention to.
Let’s start with Bitcoin, as you can see on this chart, Bitcoin continues to be withdrawn from exchanges, although recently, the pace has decreased, apparently due to those who panicked selling the main cryptocurrency.
Bitcoin is being withdrawn from exchanges again, and the balance of bitcoin on exchanges — is at the lowest level since October 2018. It seems that people understand and accept that bitcoin is not going anywhere.
But President Salvator, in his Twitter account, wrote what we have been talking about for a long time:
And the president of Salvator concludes — “Gigantic price increase, it’s only a matter of time.” With an increase in demand for bitcoin, given its scarcity and a drop in the balance on the exchanges, the price increase is simply economically determined, but this requires an increase in demand, and it will be! After all, we have seen this more than once since 2017. People are beginning to realize this — For example, Fidelity helps them in this. They published a report on bitcoin in which they called bitcoin the current form of money. For example, Bitcoin is superior to gold in a number of ways, and there is nothing to even talk about fiat currencies, they are significantly inferior to Bitcoin. The interesting thing is that this report will be read by millions of Fidelity customers.
Now let’s move on to altcoins, and start with Ethereum
Why for us might we be interested in OpenSea? Because despite the fall of the crypto market, over the past month, OpenSea has reached a record trading volume of $ 5 billion through the purchase and sale of NFTs on the Ethereum blockchain. But even more interesting is how this affects Ethereum and its supply. For example, in January, a billion dollars in Ethereum was burned due to a sharp increase in interest in NFTs on OpenSea.
This means that the growth of interest in NFT has a great effect on the growth of the shortage of ethereum, and the more scarce it is, the greater the rise in price with an increase in demand for ethereum, which of course is very good for its holders.
You can find interesting information on the Ultrasoundmoney website, I want to draw your attention to the fact that now the most ethereum is being burned due to OpenSea, as you can see, almost 3000 ethers were burned in a day.
It is surprising now that, due to its activity, OpenSea has overtaken its other offspring, the Uniswap exchange. Even some stars are encouraged by their audience to launch their own NFTs.
Former Disney CEO Bob Iger predicts NFT explosion.
He compared them to the baseball cards that had such a boom in their day.
Now let’s talk about an unpopular token, yes, this is the same ZIL that has already managed to introduce very productive and interesting technologies, the coin is growing, now we are at the 3rd highest level in recent years.
And here is the ZIL network transaction schedule, the network is growing and developing, but the price schedule does not correspond to the development of the network at all.
This discrepancy will be leveled over time and the price will respond to such demand — good growth.
AVAX — recently these rebates have implemented a coin burning mechanism and since then they have already burned 1/10% of all coins, this is very similar to what makes ETH — great. In the future, the number of people who want this coin will grow, and the number of coins will be controlled, this will lead to growth.
This coin has a big event planned that could potentially bring SOL to any store on this planet.
Despite the price drop, SOL is developing as a project, the developers are still building it and very interesting things are happening, for example — SOL launches a new payment protocol with Circle support, why is this protocol needed?
In order for sellers to implement cryptocurrency payments in their stores. With the help of the new SOL PAY protocol, this becomes possible, that is — potentially in the future you will be able to pay for any purchases in the same way as you do it now with the help of VISA or MC. magnificence.