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Is all Crypto Dependent on Bitcoin? What to Know in August 2021

Why Is all crypto dependent on Bitcoin? Bitcoin was the first crypto to gain massive online exposure. It is the oldest and the most famous. States, which are responsible for leaving a grave mark on the market.

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Is all Crypto Dependent on Bitcoin?

Is all crypto dependent on Bitcoin?

After all, Bitcoin was the first crypto to gain massive online exposure. It is the oldest and the most famous. States, which are responsible for leaving a grave mark on the market.

Major reasons to prove it:

Bitcoin is the pioneer.

This simply has allowed BTC to cement itself as a sure store of value. Almost every single time, there is a serious trend, and the price of Bitcoin goes down, the price of the altcoins also follows the same direction. And the opposite follows.

New altcoins are simply copying BTC.

Lots of new and “trendy” cryptocurrencies are just copying the Bitcoin code (or part of it) with the idea to become a better version of the original. But usually, they tend to fail even faster

Is all crypto dependent on Bitcoin?

Is all crypto dependent on Bitcoin

Bitcoin is secure.

You can check this claim that the Bitcoin Network is more Secure and greener than ever.

Bitcoin is a reserve currency.

Investors often tend to consider Bitcoin as the reserve currency of the crypto market, similar to the USD in the global stock markets. Many altcoins’ prices have been compared with their value to BTC, instead of Fiat currencies.

Like, share, and comment if you agree with the above statement.

Are you a trader trying to figure out which broker to use i got you covered START TRADING

View  our Crypto content. CRYPTO

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Kingsley Francis is the founder and Partner at Fxkinfin Financial Advocates, owners of fxkinfin.com. He is a financial writer with extensive experience in print as well as online media.

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    December 9, 2021 at 7:49 am

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Cryptocurrency

How to Take your Crypto Knowledge to an Advanced Level

Crypto Knowledge. you’re missing one important fact. No one was born a trader with a 95% success rate on all trades. No one has raised a successful investor with a 10,000% ROI.

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Crypto Knowledge by Fxkinfin

Crypto Knowledge Level

You probably follow a bunch of Telegram or YouTube channels related to crypto and think to yourself, “Sh%t, this guy knows so much, I could never come close to his level of success.

Crypto Knowledge

But you’re missing one important fact. No one was born a trader with a 95% success rate on all trades. No one has raised a successful investor with a 10,000% ROI.

The success you see is the result of battle-tested skills, tons of experience and years of learning. FYI, huge elements of such knowledge are derived from open resources that are also available to you

The Alpha Archives is a website created by crypto enthusiasts who wanted to gather the most valuable Twitter threads, podcasts, videos and articles about crypto in one place.

Crypto Knowledge

This archive contains 99% of the info you need to become an ADVANCED crypto user. Devour it and train your brain

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Cryptocurrency

​ETH miners will become poor

​ETH miners. Ethereum Merge has been delayed a couple of times now. Finally, we’re supposed to see it in August this year. At least Tim Beiko, Ethereum developer coordinator, says Eth Miner. Ethereum.

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ETH Miners

Ethereum Merge has been delayed a couple of times now. Finally, we’re supposed to see it in August this year. At least Tim Beiko, Ethereum developer coordinator, says that the probability of another delay THIS TIME is between 1%-10%. The last hope of ETH miners to stay afloat is slowly fading away.

The Merge, a big upgrade to the network that will introduce a proof-of-stake consensus mechanism instead of proof-of-work that requires mining, can reduce Ethereum’s energy consumption by about 99%.

For miners, this is devastating, since a lot of them have spent about $15 billion on graphics processing units (GPUs) alone, not to mention additional costs, such as electricity bills, etc.

If the legendary Merge happens, ETH miners will be left with no choice but to choose a new cryptocurrency for mining. Monero, Ravencoin and Ethereum Classic are the most popular choice so far

​ETH miners

​ETH miners

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Cryptocurrency

Bit.Country has announced the launch of incentivized testnet in 2022

Bit.Country & Metaverse. Right now you can join their testnet competition in creating various metaverses on the platform. Bit.Country coin. Bit.Country token price. Bit.Country metaverse.

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Bit.Country coin

Bit.Country & Metaverse. The network is a platform & blockchain ecosystem for user-created metaverses, games, and dApps. Community owners, influencers, KOLs, and individuals can launch their own metaverses for their members, fans, followers, families, and friends.

Project partners include Animoca Brands, Moonrock Capital and others + this is probably one of the biggest metaverses that Polkadot will ever see.

Bit.Country

Right now you can join their testnet competition in creating various metaverses on the platform.

PRIZES

  • 1st-10th place: from 12 to 1 Raw land block units on the Canary Network on Kusama
  • 10th-100th place: a limited edition NFT that will boost users’ staking rewards by 10% for 14 days

STEPS TO PARTICIPATE

Follow MetaverseNW and Bitdotcountry on Twitter

Create a Polkadot.js wallet if you haven’t yet

Go to the testnet website and complete the tasks specified in this article

Deadline: July 28

Details: CLICK HERE

Know more about Bit.Countr

Bit.Country Photo

Bit.Country

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Cryptocurrency

Infomatix Coin Price, What is Infomatix, How to Join the Infomatix Testnet

Infomatix (INFO) coin, What is Infomatix Token, INFO is listed on PancakeSwap and ApeSwap (), so at the current rate, you can receive $18.58-$185.76 for the testnet. Informatix coin price.

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Infomatix coin

Introducing the Infomatix

Infomatix combines web 3 technologies and network mechanics to liberate financial information that until now only existed in the minds of subject matter experts.

It allows experts to monetize their unique expertise and reduces communication bottlenecks by combining demand for price data with the supply of expert knowledge. With Infomatix, anybody looking to trade non-public assets may connect with various experts to get pricing and background information.

Infomatix Testnet

In this testnet, you’ll need to evaluate various assets from other users. The more of your evaluations get approved the more chances you get to earn rewards.

PRIZE POOL

  • 1st place: 250,000 INFO
  • 2nd place: 150,000 INFO
  • 3rd place: 100,000 INFO
  • 4-13 place: 25,000 INFO each

BTW, it’s one of those rare testnets where the reward token is already trading.

Infomatix Token contract:

0xdf727040d3997b5d95dee8c661fa96e3c13ee0c9

INFO is listed on PancakeSwap and ApeSwap (), so at the current rate, you can receive $18.58-$185.76 for the testnet.

STEPS TO PARTICIPATE: Click Here

For any questions regarding the project, contact admins on discord.

INFO token

Our native BCS token INFO will serve as a unit-of-value token to reward the community of responders and validators on our platform and allows anyone to participate in the conversion of information to value. This is a novel use case for a token, and unlike any other project, the blockchain has been utilized thus far.

Infomatix Image

Infomatix

How can I buy the Infomatix token

Infomatix IDO will take place on 2nd November at DxSale, GPool and Zeroswap. The Token will be listed on Pancakeswap immediately after IDO.

More about Informtix READ MORE

Not a Financial Advice

The information provided on this post does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website’s content as such. Fxkinfin does not recommend that any cryptocurrency should be bought, sold, or held by you. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.

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Cryptocurrency

Is Euro Coin Yet Another Scam Stablecoin? EUROC

Euro Coin is a euro-backed stable coin that’s available 24/7 and moves at internet speed. Designed for stability, Euro Coin is 100% backed by euros held in euro-denominated banking accounts so that it’s always redeemable 1:1 for euros. Euro coin price.

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Euro coin by fxkinfin

What is Euro Coin?

Euro Coin is a euro-backed stable coin that’s available 24/7 and moves at internet speed. Together, Euro Coin and USDC unlock new possibilities for multi-currency digital banking and near-instant foreign exchange, where daily volume in traditional markets can top $6.6 trillion globally.

EUROC is issued by Circle under the same full-reserve model as USD Coin (USDC), a trusted dollar digital currency with more than $54 billion in circulation.1

Designed for stability, Euroc is 100% backed by euros held in euro-denominated banking accounts so that it’s always redeemable 1:1 for euros.

Euro Coin Yet Another Scam Stablecoin?

Digital euro will be entirely reserved and pegged to the euro, just like USDC is pegged to the dollar

For every EUROC token in circulation, an equivalent euro-denominated reserve will be maintained in custody at US-regulated financial institutions. The initial custodian for the stablecoin backed by the euro will be Silvergate Bank.

Euro Coin

Euro Coin will be available to trade from June 30 on the Ethereum blockchain. The launch will be supported by Binance US, Anchorage Digital, Bitstamp, FTX, Huobi Global, MetaMask, Ledger

VIEW: EUROC contract

Stablecoins pegged 1:1 to the most popular worldwide currencies are FIRE 🧨 However, Circle should beware of getting eaten alive by european dudes who are just ABOUT TO LAUNCH a CBDC)

Check EUROC Price on CoinMarketCap

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