If ETH goes up,
What will other cryptocurrency be?
Sep 1,2021
What's news today?
The Salvadoran Parliament approved a $150 million Bitcoin Trust Fund to ensure the convertibility of Bitcoin and the U.S. dollar and to hedge the impact of price fluctuations on the public.
This $150 million should be used to buy coins soon, and ensuring liquidity is equivalent to holding bitcoin in disguise, which is obviously good news.
If all countries can use Bitcoin, then this reservoir will grow bigger and bigger, and the market value of Bitcoin will continue to grow.
Slovenia intends to charge a 10% tax on the conversion of cash in the crypto industry.
This tax is too heavy. It is simply telling everyone in a disguised form that if you can play, don’t make money back and forth, otherwise 10% will be mine, which is simply a robbery, like a poker rake in casino.
Trump is here again. He said that investing in cryptocurrency is a disaster waiting to happen. Cryptocurrency damages the U.S. dollar and everyone should invest in U.S. dollars.
Fortunately, this stupid old man stepped down, otherwise even the currency circle would be hurt by his fickleness.
Twitter allows users to use Bitcoin to reward authors. Twitter has begun to support Bitcoin payments in disguise.
The founders of Twitter have always been supporters of the crypto industry. In the future, Twitter will bring users into this market more deeply.
The Bitcoin balance of Coinbase dropped to the lowest level since December 2017, and the institution fully withdrew coins, leaving the exchange wallets empty.
If you want to smash the market, there is no currency to smash, how can it plummet?
The total trading volume of DEX in August was US$78.4 billion. UNI took the lead with 68%, followed by SUSHI and CRV.
At present, I have not seen which decentralized exchange can do UNI, and I can’t see the potential to be surpassed.
The number of users of Little Fox Wallet exceeded 10 million in July, mainly from the Philippines, Vietnam and China.
It seems that the number of domestic crypto investors is still rising, and the overall market is still in a small increase.
Crypto analysis today
Bitcoin:
Bitcoin has recently gone out of obvious turbulence, and the data on the chain is in a state of continuous accumulation.The overall supply and demand are relatively balanced. After this turbulence continues, Bitcoin will reach a higher level.
ETH:
Back to 3,500, recovered the decline of 519, Ethereum once again rushed to a historical high, the recent momentum is very fierce, a new round of rising is continuing, just hold it.
UNI:
Funds return to Defi and continue to hold.
SOL:
As long as without breaking the 5th day line, hold it.
BNB,Atom,FIL:
hold it.
FAQ
Online crypto exchange platform is the best options for beginners, Coinbase, Kraken, Gemini, bitfinex and Biance as well as other platform are all available to buy and sell cryptocurrency.
Cryptocurrency is from the tech of blockchain, If you put your digital currency into personal wallet, it is safe enough.
However, most of invest people is keen on buying & selling cryptocurrency from platform to get profit, then it depend on the platform you use and how greedy you are during investment.
NTF (Non-fungible token) is more or less the meaning of the unique art or things in digital world, which can’t be replaced with something else.
Defi in digital world is designed to speed up the tranfer. The user is in full control of the money without a trusted third-party. Increased ecosystem transparency and thus price and market efficiency.