Crypto may no longer be booming in the same way as it did at the peak of its popularity, but it remains a highly common investment. #BTC #cryptocurrency #crypto2023
This may come as a shocker or a suprise to you... isn't Bitcoin the mother of all Cryptos... Yes and No. Bitcoin has been losing on all fronts to the nr. 2: Ethereum. When you leave out any emotions and you look at the actual data, it becomes very clear, why Ethereum is a ruthless blockchain slayer. Its tokenomics is a sight to behold! As a reminder, 2 fundamental economic laws:
Value = Utility x Rarity x People who want it... the famous value formula. Short Term, Price always follows emotions... aka a Betting Machine. Long Term, Price always follows Value... aka a Weighing Machine This is what it looks like for Ethereum: The ETH supply has become 0.26% rarer over the last year: The number of people flocking to Ethereum has been more than for any other blockchain ETH's utility as a means of governance, consensus, collateral, gas fee, etc. is one of the strongest in the ecosystem. You can see this simply by how much fees are generated... People only pay for stuff if they feel they get more in return for it aka utility. So fees paid is one of the best indicators for actual utility. #Ethereum #BTC #cryptocurrency
Bitcoin is NOT “the Best Money” just because people say so without giving any bit of proof. It is not an inflation hedge as we have seen over the past years. So, all that is left, is motivating people to stack more sats, as this is the source for everything: more new money, so the old money can cash out. #Binance
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#Bitcoin price is $25,927.26 and is down 0.5% over the last 24 hours, #Ethereum price is $1,640.84 and is down 1.3% over the last 24 hours, #FearAndGreedIndex is 37 - Fear, #BTC #ETH #crypto2023
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Don't miss the pump! $CYBER is now available on #Binance Launchpool! Stake $BNB, $TUSD, and $FDUSD to earn #CYBER.