Today, we are reaching a point that has a great probability to be the last time in history in which most of the world’s population will be able to pay to own an entire Bitcoin.
Bitcoin price in 2020
The signs are there for 2020 to be a year in which we see unprecedented and incredible growth in not only Bitcoin’s price, but the market-caps and prices of many digital crypto-assets.
Since the recovery from 2018’s long-term downward trend and a strong recovery in 2019, Bitcoin’s trade volume has outrun that of itself during its supposed peak in 2017. An obvious sign of the coming huge growth in the trading volume happening in the crypto market is the growth being observed in many of the individual microcosms where traders meet.
The Bitcoin Halving is going to happen in May 2020, at this point the miner rewards will decrease from 12.5 to 6.25 BTC. The price should go down slightly in the beginning of 2020, before starting an upward trend during the latter half of the year.
The first quarter can see a minor rise up to $12,000, after which it might soar up to 30,000 dollars in the third quarter. By the end of 2020, Bitcoin might have a value of $33788.5.
The investment trend in 2020
As the Bitcoin market becomes more volatile, attention is shifting to a less stressful method of investing in the crypto market. This is where Proof of Stake comes in. Staking has been a rising algorithm since 2012 but has recently gained traction as Bitcoin is experiencing fluctuation. In PoS, decentralization is key. Users earn tokens by simply holding their currency, which is “staking”. Blocks are created by “forgers” being randomly selected based on the amount of coins they staked. Therefore, no single group can take control of the blockchain by owning more mining power. The removal of mining decreases the need of power-consuming, heat-generating system that could raise the bill and hurt the environment. Therefore, PoS is much eco-friendlier and increases the speed in which cryptocurrencies get adopted around the world.
DABANKING, with PoS’s advantages in mind, is aiming to turn it into a new wave of crypto trading in 2020. It is a decentralized entertainment DApp platform with leading programming experts and years of experience with the ambition to become a leading DApp development company. The platform’s token is called DAB. It is mined solely by energy from Mining Wallets and has an increasing difficulty over time. The best part is that the token’s value is protected by a Reserve Fund that ensure its minimum value at all time. The number of circulating DAB tokens is also limited, therefore raising the mining difficulty over time.
The platform ensures absolute transparency and is a good opportunity for you to start Staking on the cryptocurrency market.
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