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What is the meaning of the number of whales in Cryptocurrency (cryptocurrency)

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What is the meaning of the number of whales in Cryptocurrency (cryptocurrency)

What does the number of whales in Cryptocurrency mean? According to ambcrypto, what does the number of whales in Cryptocurrency mean? The price of Bitcoin showed a parabolic trend between January and July 2017. However, by the beginning of 2019, prices had already fallen by half, and now they have returned to below normal levels (see chart). From this perspective, Bitcoin is currently the world’s largest digital asset. According to Chainalysis, a blockchain data provider, there have been over 500000 active wallet addresses in the industry since 2018, and there are a large number of BTCs in these wallets

Cryptocurrency

Editor’s note: This article is from CoinTelegraph Chinese (ID: CoinTelegram), author: JOSEPHYOUNG, translator: Xi Yu; Original source: BitpushNews

With the growing momentum of Bitcoin, the Cryptocurrency market has undergone tremendous changes in the past 24 hours. According to statistics, from November 17 to 18, 2017, the prices of Bitcoin and Shanzhai coin increased by 17%, 21%, 18%, and 10% respectively, but then fell below the average level, with prices falling by more than 15% Currently, ETH/USDT is the most popular encryption asset among the top 20. Although the recent price surge indicates a high correlation with Bitcoin, some people still believe that ETH is not suitable as a portfolio management tool because they underestimate its role in hedging against inflation. The same applies to other encrypted assets such as LTC, EOS, XRP, etc. However, these assets also bring a series of problems According to CryptoCompare data, since the beginning of 2019, all top encryption assets have undergone a significant adjustment process – from their peak in 2017 to their lowest point at the end of 2020. Therefore, this has led to significant growth in many counterfeit coins. At the end of 2020, most major crypto assets had recovered to their fundamentals. For example, the three currencies with the largest price drop in ETH/BTC are XLM (+23.75%), BCH (+17.19%), ADA (18.92%), and they have exceeded $30 for the first time since May In addition, in the past year, most counterfeit coins have their own characteristics. In addition to issuing tokens on Ethereum, there are many noteworthy crypto assets that have also been supported by mainstream media. For example, David Marcus, a member of Libra Association, announced the establishment of an independent committee to supervise the development of Stablecoin projects and decentralized financial agreements However, if we want to continue developing, the following questions need to be considered: 1. Will regulatory agencies intervene? 2. Does the exchange have sufficient working capital? 3. Which Cryptocurrency can provide liquidity for transactions? Is “How to Use DeFi” a Mystery? (Note: The answer to this question was proposed by Hayden Adams, founder of Uniswap.)

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