Crypto currency Big Days Are Yet To Come
with bitcoin price summering close to $70,000 us dollars, with an increase of about 8% just today, shows that the era of crypto currency is just starting, and there is still more to be expected.
there have been bull runs in the past years, but this years bull run is something different, it's not just about crypto currencies price upgrades, it's also the launching and introduction of new Cryptos to the world.
several alt coins has been launched already and many more has been projected to launch this year courtesy of the gigantic bull run going on.
it's true that the old financial system of the world is gradually failing to fufil it's purpose, which is to stabilize the economy and to end poverty
many countries economy is still in shambles, take for instance China, the most populated country in the world, and yet US 3-months interest rates are close to 5.3 per cent, more than double the equivalent rate available in china.
China have in thier own best way done several things to push the economy back to the peak, like a trillion renminbi worth of special bond issuance was authorized late last year in order to push the budget deficit up to 3.8 per cent of GDP in 2024.
there was also a central bank funding December last year to further bolster the economy.
although it's no news that presently crypto currency is not yet active in China but the renminbi is the new Chinese coin, which the government believes can help the economy
just last week in Nigeria, a crypto called (ice) was launched and many miners benefited from it
almost every household in Nigeria are involved in variations of crypto currencies.
bitcoin is moving even faster than projected, and ethereum is also flying with it.
the capital aim of crypto is to safe guard and make-easy online transaction without any hiccups, but crypto has surpassed its primary purpose thus turning people who were once paupers into billionaires
*the decentralized platform have created better opportunities in which the progression of altcoins have been intensified.
though the decentralized platform may seem like a newborn in the world of finance, but it has since demonstrated revolutionary methods in the financial space.
over the years the decentralized platform have consistently upgrade thier platform, like the upgrade from web 2 to web 3 is really a big push and upgrade in the crypto world.
ethereum which is the leading crypto in the decentralized platform has also experienced great boost via the ongoing bull run and bitcoin price surge.
Ethereum to the world.