While Inflation in the US is now above 4%, traditional stores of value like gold are under-performing. Bitcoin's price also decreased after Elon Musk criticized its energy-consumption and is now trading below $50,000. Time to buy the dip?
Vitalik Buterin’s decision to sell and donate his 49% share of $SHIB had a similar impact on the price spreading FUD amongst dog-themed token holders.
Nevertheless, the fundamentals remain strong for blockchain and crypto especially as we face inflationary pressure and when zooming out, most cryptocurrencies have outperformed traditional assets year-on-year.
In the meantime, Bitcoin.com Exchange has listed exciting new assets, and we’re running a $15,000 STC Trading Competition to give you a chance to win STC. To learn more about the token, join our AMA on Tuesday, May 18th.
Synthetic assets have captured a lot of attention from DeFi traders, but most aren’t aware that the creation of a synthetic asset requires over-collateralization of often more than 700% making it infeasible for everyday traders. The Standard Tokenization Protocol changes that. Trade the platform token STPT now with BTC pair.
Have you ever wondered where all the data for the Tik Tok videos is streamed from? Chances are the content is delivered via a content delivery network. These are expensive to maintain and scale. Therefore Theta has built a decentralized mesh platform to enable businesses to stream content cheaper while rewarding users. The Theta token is now trading with USDT and BTC.
The Ocean protocol aims to solve the problems of centralized data storage and privacy infringements by offering a data exchange platform built on blockchain. As the need for quality data sets to train AI keeps growing, Ocean’s native currency OCEAN might increase in demand. OCEAN is trading with USDT on our exchange.