What is the new Bitcoin coin? (Will the new Bitcoin coin definitely rise?)
Recently, the price of Bitcoin has been continuously declining. However, as the
Recently, the price of Bitcoin has been continuously declining. However, as the price of Bitcoin continues to rise, new coins have also emerged in the market – the new Bitcoin coin? According to statistics, on January 8th, 2017, the total market value of Bitcoin reached 1 billion RMB, and by early December 2018, it reached 2 billion RMB.
According to Coinmarketcap data, the current circulation of Bitcoin is 43,800 coins (equivalent to 277 million USD), and it is expected to reach 1.668 billion coins by the end of 2019. From early 2020 to the present, the number of Bitcoin transactions has increased more than 7 times.
According to data from Bitcoin.com, the mining revenue of BTC in January 2019 reached 300%, which has led to a large number of users in the market starting to invest in altcoins, especially those well-known new tokens and popular projects. Since the end of 2018, a very popular network – the cryptocurrency ecosystem, also known as “digital gold”, has gradually formed, which has made people more and more interested in this asset. However, on the other hand, due to recent drastic market fluctuations, immature technology, and investors’ concerns about the future development prospects, many people have chosen to observe or wait, ultimately leading to further deterioration of the overall market downward trend.
In addition, industry insiders also stated that since this year, many traditional exchanges have successively announced the launch of their own cryptocurrency platforms to meet the trading needs of different users.
Will the new Bitcoin coin definitely rise?
Today, I want to share with you whether a new coin is guaranteed to rise. Is the new Bitcoin coin a definite rise? Or will it continue to rise? This is the simplest view in the current market.
First of all, it should be clear that no matter what market and project, it can cause large price fluctuations, and you should also be cautious about such market changes before investing. It is also important to emphasize that for those who have not carefully considered it, do not blindly enter the market because of short-term trends!
If you are a novice investor and have an interest in and have already studied blockchain-related knowledge or understand the digital currency industry, you can refer to the book “Cryptocurrency Analysis”.
Now let’s start our article today.
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