Capitalizations Index – B ∞/21M
Cryptocurrency bull Tom Lee says bitcoin’s dismal price of roughly $3,400 is wrong because its actual fair market value is $13,800 to $14,800. The Fundstrat founder said he made the assessment by considering the number of active wallet addresses, usage per account, and supply metrics. “Fair value is significantly higher than the current price of bitcoin,” he wrote
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Mobile messaging app Kik has raised $50 million from the private sale of its ethereum token Kin to institutional investors, including Blockchain Capital, Pantera Capital and Polychain Capital. The announcement is notable as Kik’s Kin token may well be the first mainstream adoption of a custom cryptocurrency by a well-known company – Kik claims 15 million active users, about […]
Hyperbitcoinization describes a potential future where bitcoin becomes the dominant global currency, adopted widely as a store of value and medium of exchange, displacing weaker fiat systems.
Ethereum World News Ethereum Price, Potential and Praise from McAfee As the price of Ethereum falls, its decline is prompting some advocates to speak out. McAfee anti-virus creator John McAfee amongst them in expressing his […]