For the average millennial or at least anyone that pays attention to the business world, the term “cryptocurrency” would not seem like such a strange word. If that is, then the terms Bitcoin, Ethereum or at least Blockchain should ring a bell. One might wonder, why are these terms suddenly so prevalent, especially cryptocurrency news? Computing is getting rather pervasive and the society is leaning towards digital services. The finance world too isn’t spared as the disruption of technology into this sector has fostered the birth and development of Fintech organizations.
These Fintech organizations look to digitize payments and transactions, offering the same services that are currently in existence but in a better, efficient and more effective way.
Blockchain is the network upon which most of these cryptocurrencies operate on. The history of blockchain and bitcoin, in particular, does not have a definite story. In 2009, an individual or group of individuals known to be “Satoshi Nakomoto” developed and published the technology to allow people make digital payments between themselves anonymously without having an external party to verify or authorize the transfer of the currency being exchanged.
Although technologies like this might seem rather complex, understanding how Blockchain works is quite easy, given that one has a basic idea of how networks work. Blockchain is simply a database shared between several users, containing confirmed and secured entries. It is a network, where each entry has a connection to its previous entry.
This technology affords a very secure model whereby every record in the database cannot be tampered with. Apart from the stellar security that this network offers, the transparency and speed at which the network operates give it an edge over the conventional way of conducting transactions.
In simple terms, cryptocurrencies are just monies in digital form, transacted via digital means and over a digital network. The transfer of these currencies is utilized with cryptography and the aforementioned blockchain network. Up until the 2010s, cryptocurrencies were not really known until Bitcoin made its breakout and this gave rise to the birth of new cryptocurrencies.
Cryptocurrencies have had their fair share of bullish and bearish trends, going to show how unstable they can be. The latest cryptocurrency news reports lots of people predicting prices for various cryptocurrencies in the years to come but no-one can say for sure.
Blockchain, on the other hand, is making its way into pervasive computing, especially IoT, giving way for the development of new solutions that embrace data security and transparency.
Crypto market analysts remain divided, with bearish sentiment prevailing as the Pi Network price dips below the $1.50 support.
XRP has formed a head-and-shoulders pattern on the weekly chart which suggests a potential surge to $3 if bulls take over.
Chainlink (LINK) whales have withdrawn hundreds of thousands of tokens from Binance, suggesting increased accumulation amid price stagnation.
Shiba Inu (SHIB) burn rate shot up 50,000% in the past day with a massive 13 million tokens being removed from the circulating supply.
Crypto analyst Ali Martinez warns that the SuperTrend indicator flipping bearish on Solana’s weekly chart could lead to a massive 95% SOL price drop.
Bitcoin could drop to the $20,000 price level, according to BTC critic Peter Schiff, if the broader US stock market collapses amid uncertainty.
Binance’s Mubarak (MUBARAK) meme coin saw a massive 325% price surge, hitting $148 million market cap on reports of Changpeng Zhao’s purchase.
BNB is seeing bullish sentiment from investors and traders as Binance Smart Chain’s decentralized exchange volume surpasses Solana and Ethereum.
Crypto exchange Coinbase has announced the delisting of FLOKI (FLOKI), Turbo (TURBO), and Gigachad (GIGA) in New York starting April 14th.
Pi Coin has dropped 10% in value, trading at $1.54, as traders brace for further declines following repeated rejections at $1.70.
Hamster Kombat (HMSTR) has shot up a massive 17% in the past week, owing to the daily challenges that has maintained the game’s virality.
ZKsync has announced the cancellation of the second season of Ignite and remains committed to its Elastic Network vision.
DOGINME has more than doubled in value over the past 24 hours after Coinbase announced a possible listing of the meme coin on the Base blockchain.
XRP price forms a symmetrical triangle pattern breakout on a multi-year chart highlighting chances of another 500% rally from here onwards.
Solana (SOL) has formed a classic cup and handle pattern which has a massive target of $3,800 according to analyst Ali Martinez.