March 6, 2023
Tron (TRX)
Tron is a proof of stake cryptocurrency that has been built on the Tron blockchain network.
Bright Ideas: Bitcoin (BTC)
Bitcoin is synonymous with cryptocurrency itself and has always been the largest by market capitalisation.
Price:
$22,551.80
Mkt Cap:
$434,555,018,222
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Project Fundamentals
- Bitcoin has a maximum supply of 21 million with approximately 19.1 million in circulation.
- Bitcoin uses a strictly Proof of Work consensus mechanism to validate transactions.
- Ultimately Bitcoin combines a public key, cryptography network, Peer-to-Peer networking and a finite supply to enable decentralized transactions of a digital currency.
Partnerships / Implementation
- Bitcoin’s first mover advantage will continue to drive prices higher with the growth of the entire market itself.
- Bitcoin has become leg tender in multiple countries including El Salvador and Japan.
- In recent years retail outlets have begun accepting Bitcoin as a form of payment including, AMC, PayPal, Esty, Starbucks and Microsoft.
- In 2021 major investment banks such as Bank of America and Goldman Sachs have begun covering Bitcoin and facilitating its transactions for clients.
Roadmap and Announcements
- In December 2021, payment company block, formerly known as square, announced that it will allow users to gift BTC to friends and family using its Cash App. The cash ap has roughly 40 million monthly users.
- Moving Forward Bitcoins future price potential is widely unknown however market experts place $100,000 USD as a psychological and technical target price.
- With Little development on the core code of Bitcoin, aside from a variety of forks, Bitcoin will continue to benefit in the growth of the crypto market cap itself.
- Bitcoin is Technically in a larger long term wedge.
- Bitcoin Futures Open Interest across all major exchanges has reached new highs and can be used as an indicator to determine market sentiment and the strength behind price trends.
- 67% of BTC has not moved in the last 12 months, showing the BTC HODL’ers are staying strong.
Technical Analysis
More Bright Ideas
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Polygon (MATIC)
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Fantom (FTM)
FTM powers the Fantom network, and is used for staking, on-chain governance, and as payment for network fees.
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Polygon (MATIC)
Polygon was founded as a scaling solution for Ethereum and aims to be Ethereum’s internet of blockchains.
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Cosmos (ATOM)
Cosmos is an interoperability platform operating as a “decentralised network of independent parallel blockchains"
February 20, 2023
Bitcoin (BTC)
Bitcoin is synonymous with cryptocurrency itself and has always been the largest by market capitalisation.
