Litecoin mania

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Mania litecoin автоматические обмен bitcoin

Каком это что лучше биткоин или акции могли

A lot of cryptos have value only because there is a greater fool out there willing to buy. With this view in place, the former RBI governor also compared the current mania in crypto markets to the Tulip Mania of the 17th century in the Netherlands.

Rajan believes that people hold cryptocurrencies for only two major reasons — assets whose value rises in the future or for use as payments. One or two maybe a handful, are going to survive to be used as payments even if the technology is so useful that it is a substitute for cash and currency. The lack of regulatory clarity for digital assets has been a cause of concern for investors across major global economies.

Rajan further said that the problem has been the lack of understanding of the space. He said that even regulators are confused about regulating cryptos. Citing a reasonable approach for regulators, Rajan explained:. This is a situation where at best you can send warnings to the broader public.

But Rajan also believes that the Indian government should allow blockchain, the underlying technology of cryptocurrencies, to flourish. He also talked about the benefits of blockchain for instant cross-border transactions at a low cost. India is currently home to more than crypto startups offering users different services within the crypto ecosystem. Bhushan is a FinTech enthusiast and holds a good flair for understanding financial markets. His interest in economics and finance draw his attention towards the new emerging Blockchain Technology and Cryptocurrency markets.

Over the last year, the crypto-community has seen the phenomenal rise of non-fungible tokens. This contributed to the highest recorded mean gas price, touching more than 5k Gwei in merely 10 minutes. Apart from heightened retail interest, an influx of institutional investors also powered the rise of NFTs. High retail and institutional interest have been key to the rise of the crypto-verse, but NFTs have had their own impact on the market. Here, an interesting trend to note was that while most of the networks wanted to jump on the NFT bandwagon, only some could reap the true benefits of the same.

Notably, low capped altcoins gained momentum while the NFT fever peaked but it was short-lived. In fact, it seemed like NFTs were playing a major role in pumping certain alts. For instance, recently, the Litecoin Foundation announced the launch of OmniLite, a decentralized token creation platform that makes it possible to produce decentralized tokens and smart contracts along with crypto-assets such as tokens and NFTs.

In the case of Axie Infinity, for instance, at press time, a huge number of old coins were moved. Now, while this could have been an attempt to shoot the price up, it went in vain. Despite this pouring institutional interest, the broader NFT market has seen a pullback lately. Finally, it is important to note that NFTs are still illiquid. Their value depends on the hype and as long as that hype stays, NFTs will have solid value.

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