Prospects in the cryptocurrency market
This time I compare the behavior of various cryptocurrencies since March of last year with some important facts:
Bitcoin, Litecoin and Ethereum show a similar behavior, with Ethereum being the one with the highest appreciation of the 3 during the period covered. However, they all achieved triple-digit returns.
Ripple has followed a more irregular evolution, especially from the end of December, when it began to fall sharply and only in January did it begin to recover.
Mana and True are newly created, they both serve the same purpose but differently.
* Litecoin operates under license from the Massachusetts Institute of Technology (MIT).
*True was developed by a team from Stanford, UC Berkeley, Carnegie Mellon University, and Google.
* Microsoft published patent WO2020060606 in March of last year to mine cryptocurrencies using human body activity data.
*Mana is the official currency of Decentraland, a virtual world created by Ari Meilich, a graduate of the City University of New York and with studies in neuroscience.
* Gavin Wood, co-founder of Ethereum along with Vitalik Buterin, is a graduate of the University of York, with experience working as a researcher for Microsoft.
* Various companies such as MicroStrategy and Square have begun to move their balance sheets to Bitcoin, and banks such as JP Morgan, BBVA, Goldman Sachs, among others, have begun to invest in this cryptocurrency.
* Ripple was born directly from Sillicon Valey, through Ripple Labs and thanks to its founder Chris Larsen, a Stanford graduate and considered one of the "richest people in the world" in 2018.
So:
1. Cryptocurrencies are not a scam nor do they come out of nowhere.
2. There are human, financial and technological resources behind this trend.
3. They still have a lot to develop and implement, with future potential.
4. I do not know to what extent they will really be beneficial or if they are only Trojan horses.
As a reminder, cryptocurrencies are "a type of alternative currency or digital currency", "a digital medium of exchange that uses strong cryptography to secure transactions, control the creation of additional units, and verify the transfer of assets using distributed ledger technologies. "
Bitcoin, Litecoin and Ethereum show a similar behavior, with Ethereum being the one with the highest appreciation of the 3 during the period covered. However, they all achieved triple-digit returns.
Ripple has followed a more irregular evolution, especially from the end of December, when it began to fall sharply and only in January did it begin to recover.
Mana and True are newly created, they both serve the same purpose but differently.
* Litecoin operates under license from the Massachusetts Institute of Technology (MIT).
*True was developed by a team from Stanford, UC Berkeley, Carnegie Mellon University, and Google.
* Microsoft published patent WO2020060606 in March of last year to mine cryptocurrencies using human body activity data.
*Mana is the official currency of Decentraland, a virtual world created by Ari Meilich, a graduate of the City University of New York and with studies in neuroscience.
* Gavin Wood, co-founder of Ethereum along with Vitalik Buterin, is a graduate of the University of York, with experience working as a researcher for Microsoft.
* Various companies such as MicroStrategy and Square have begun to move their balance sheets to Bitcoin, and banks such as JP Morgan, BBVA, Goldman Sachs, among others, have begun to invest in this cryptocurrency.
* Ripple was born directly from Sillicon Valey, through Ripple Labs and thanks to its founder Chris Larsen, a Stanford graduate and considered one of the "richest people in the world" in 2018.
So:
1. Cryptocurrencies are not a scam nor do they come out of nowhere.
2. There are human, financial and technological resources behind this trend.
3. They still have a lot to develop and implement, with future potential.
4. I do not know to what extent they will really be beneficial or if they are only Trojan horses.
As a reminder, cryptocurrencies are "a type of alternative currency or digital currency", "a digital medium of exchange that uses strong cryptography to secure transactions, control the creation of additional units, and verify the transfer of assets using distributed ledger technologies. "
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