Cryptoinvestors are constantly looking for new promising projects that are at an early stage of development and raise funding. One of the popular ways to raise capital for Cryptocurrency projects is to conduct IDOs – initial coin offerings on decentralized platforms.
Bitcoin begins a new week with strengthening positions. During the Asian session on May 30, the exchange rate of BTC rose to $30,600. The capitalization of the largest digital currency increased by 5.5% to $583 billion.
Raoul Pal said on a YouTube podcast that Etherium, the leading smart contracts platform, could surpass Bitcoin in the long run. The macroeconomist agrees that Bitcoin is the best Crypto-asset and surpasses Ether in terms of market capitalization, trading volume and number of active wallets. However, according to Pala, over the past few years, Ether has already found a way to surpass Bitcoin:
Asian and European stock indexes went back down on Tuesday, May 24.
Bitcoin’s fall over the last 24 hours by more than 10% led to the liquidation of $1.26 billion, according to Coinglass. The largest liquidation was recorded on BitMEX in the trading pair BTC/USD, where a trader closed an order for $10 million.
Last Thursday, Bitcoin (BTC) fell by more than 10%. On some exchanges the coin collapsed to $35,611 – the lowest value since January 21, according to Bloomberg.
Late last year, Etherium wallets took part in a massive Cryptocurrency dump. In December, the number of wallets holding more than 1,000 ETH fell to its lowest level since April 2017 (6,292).
Bloomberg Research analyst Mike McGlone said on a podcast with Scott Melker that Cryptocurrencies such as Bitcoin and ether will resume their uptrend when the U.S. stock market continues to fall. According to McGlone, Solana will also join the rise of market leaders.
Late last year, Etherium wallets took part in a massive Cryptocurrency dump. In December, the number of wallets holding more than 1,000 ETH fell to its lowest level since April 2017 (6,292).
The digital asset expert thinks it’s profitable to invest in Etherium and three other altcoins right now. In the next cycle, he plans to add Solana and Terra to his portfolio.