Investment & Economy

The digital currency with the highest growth rate in 2021 ranks third from the bottom in bitcoin

The following is the The digital currency with the highest growth rate in 2021 ranks third from the bottom in bitcoin recommended by And this article belongs to the classification: Investment & Economy.

On April 13, Eastern time, the digital currency exchange coinbase officially landed on the Nasdaq stock exchange with the stock code coin, and its valuation is expected to reach about $100 billion. The reason why the market gives such a high valuation is entirely due to the huge increase of digital currency. The most well-known bitcoin rose by more than 100% in the first quarter of this year, but in all cryptocurrencies, the doubling performance can only rank third from the bottom!

Since the end of January this year, the price of bitcoin has risen rapidly, from US $30423.10 to US $57492.90, up nearly 90% in just one month. In mid March, the price of bitcoin soared to more than $60000, more than 10 times higher than last year’s low tide.

In the period from the beginning of the year to April 12, the token BTT launched by BitTorrent had the highest increase among all digital currencies. Headquartered in San Francisco, BitTorrent is a well-known download software for Chinese born-in-80 otaku. In the first decade of the 21st century, BitTorrent, a famous download software, had a wide user base in the Chinese market until it was replaced by thunderbolt and fastcast.

In July 2018, sun Yuchen announced the completion of the acquisition of BitTorrent and all its products. According to media reports at the time, the acquisition price was $140 million, equivalent to RMB 900 million. After the acquisition, BitTorrent was listed in the digital currency market, and cooperated with “coin an”, the largest digital currency exchange in the world. BitTorrent launched the token BTT, and officially landed in the digital currency market for trading at the end of January 2019.

BitTorrent was created by Bram, according to the white paper Cohen invented a groundbreaking distributed communication protocol in 2001. BTT is a trc-10 token issued in wave field network, which is launched by BitTorrent of wave field. The goal is to improve the download speed and resources of network shared content through token reward. BTT can be used to expand and purchase content, reward live broadcast anchor and crowdfunding new works. BTT allows content creators to share content in the future In the case of middlemen, they can interact with their own hands to consume and earn digital currency.

The initial price of BTT is US $0.00034309, and the closing price is US $0.0082 as of April 12. Since its listing in the digital money market at the end of January 2019, the price of BTT has increased more than 25 times in just two years.

In second place is Luna, the stable currency created by Terra. Terra is a stable currency platform created by Korean entrepreneur Danial shin. Terra’s goal is to link digital currency with practical application, grow into an open platform of innovative financial decentralized application (DAPP), and realize the real growth of blockchain economy. The original token Luna has been put on the exchange of coin an, fire coin, bithum, upbit, kucoin, bittrex, gate, bkex, MXC, coinex, etc.

At present, Luna can be circulated in terraalliance payment alliance, and stable currency payment is mainly realized through Chai and meme pay payment tools. Chai is a key product of Terra’s stable coin ecosystem, which brings huge transaction volume and users to Terra.

Terra contains a number of stable currencies anchored with legal currency, which can be used for mining financing and e-commerce payment. Taking the e-commerce payment scenario as an example, Terra online payment can be released to the merchant account within 6 seconds, and the cost of using Terra is 0.6%.

At the beginning of the year, Luna’s trading price was $0.655, up more than 2000% from $14.91 on April 12.

All kinds of digital currencies are not only trading partners, but also virtual currencies based on blockchain technology are being studied by central banks around the world. The people’s Bank of China has been carrying out research on digital currency since 2014, and clearly put forward the name of the digital currency of the people’s Bank of China as DCEP (digital currency electronic payment) in 2019, also known as “digital RMB”. At the end of 2019, the pilot and test of digital RMB will be launched successively in Shenzhen, Suzhou, xiong’an, Chengdu and Beijing Winter Olympic venues. By October 2020, Shanghai, Hainan, Changsha, Xi’an, Qingdao and Dalian will be added. At present, the pilot scope of digital RMB is expanding orderly, the application scenarios are gradually enriched, and the pilot population is also accelerating the expansion.

So far, at least 33 countries, including China, South Korea, Japan, Russia and Thailand, have started the process of developing digital currency. On April 2 local time, the Central Bank of Thailand announced the schedule for the promotion of digital currency and asked the public for opinions on retail digital currency. According to the timetable, the Bank of Thailand will conduct the retail digital currency test in 2021-2022.

On April 5 local time, the Bank of Japan said it would start the central bank’s digital currency test, which will last for one year. The first phase of the BoJ’s proof of concept for digital currency has started today, and the experiments on the issue, distribution and redemption of digital currency will continue until March 2022.

Powell, chairman of the US Federal Reserve, said that he has the most responsibility to understand the digital trading costs and the most active digital trading costs of the US currency market. But Powell said he would not rush to issue digital currency, and the Federal Reserve does not have to be the first central bank to launch digital currency. Because once issued, digital dollars may have a huge impact in the United States and even around the world.

In addition to central banks, Wall Street is also actively embracing digital money. According to media reports, Goldman Sachs plans to provide bitcoin and other digital asset investment tools to customers in the second quarter, according to an internal memorandum. It is reported that Goldman Sachs has submitted an application to provide ETF linked bills that may be related to cryptocurrency (especially bitcoin). According to SEC filings, Goldman plans to issue $15.7 million of ETF linked bonds, the payment of which is closely related to the performance of arkinovation ETF. Arkinovationetf indirectly invests in companies developing blockchain and other similar disruptive technologies.

Just half a month ago, Morgan Stanley also announced that it would launch bitcoin investment funds to customers, becoming the first large US bank to provide bitcoin funds to customers.

PricewaterhouseCoopers & Swiss cryptovalley Association: global digital currency sales reached 13.7 billion US dollars from January to may 2018 Research Report on digital money market ecology Morgan Stanley: it is estimated that the total power consumption of global digital money mining will exceed Argentina’s national power consumption in 2018. Korea financial investor protection foundation: the survey shows that more than 20% of Korean young people have purchased virtual currency coinmarketcap: the market value of Ruibo currency will reach US $86.3 billion Hyperethereum becomes the second largest cryptocurrency five forecasts of digital currency in 2018: IPO is coming coinmarketcap: Global cryptocurrency market value exceeds US $600 billion in December 2017 coinmarketcap: global digital currency market value exceeds US $200 billion in November 2017 Freelander: UK millennials with 82% growth rate of jobs related to Q3 cryptocurrency in 2017 prefer to buy money ciphertrace: 20 Digital cryptocurrency stolen in the first half of 18 reached 761 million US dollars

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