Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $2,17 trillion. Bitcoin continues to trade at around $62,300. Ethereum experiences no changes and stagnates at around $2,400. XRP is down by 2%, Solana by 1%, and Dogecoin by 3%. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…
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The Boom in Deflationary Token – What You Need to Know
The crypto space is rapidly expanding and in-comes different token models with additional features leveraging varied mechanisms. Tokens in the crypto space are categorized into either inflationary or deflationary tokens. An inflationary token employs a unique model where tokens are added to the market after a specified period. A well-demonstrated example of an inflationary token is Bitcoin, which is released 12.5 new coins every 10 minutes to reward miners for mining the next block. However, not all inflationary tokens are…
5 years ago