In the beginning of 2021, Dogecoin was worth far less than a penny. Right now it sits around a comfortable $0.28. Not too bad for a token named after a dog meme. The coin has gone as high as $.74, but that was because of social media hype generated by Elon Musk among others, and the price quickly diminished. Many financial experts and investors who have made massive fortunes trading stocks, options, and futures in the past have denounced cryptocurrency as a whole many times. In May of 2021, Andrew Bailey, the Bank of England Governor, warned that people who invest money in Crypto risk losing it all. Since then,…
Is Solana The Ethereum Killer?
A Comparison of Two Crucial Coins in The Crypto Market
Next to only Bitcoin, Ethereum (ETH) is the second most popular cryptocurrency in terms of market cap. It holds one of $470 billion, as of 10/27/2021, which is significantly larger than that of many Fortune 500 companies, including Netflix or Walt Disney Co. Vitalik Buterin created ETH in July of 2015, and since then the coin has seen significant growth, with an active community and team of developers who continue to find and fix problems within the ETH blockchain. Solana (SOL) is a coin that has gained massive traction in 2021, founded by Anatoly Yakovenko in 2017, and many say that it will trump ETH in time because of how…
Big Sports Getting Into Crypto
How Exchange Platforms are Capitalizing on Sports Partnerships
With the pandemic severely hurting ticket sales in the past two years, sports teams and franchises need new ways to generate new revenue. Several exchange platforms have been perfectly capitalizing on this opportunity presented to them, making deals for millions to hundreds of millions of dollars. Crypto.com, a large exchange platform with more than 90 coins listed, has been one of the main companies focusing on partnering with big names in sports. They made a $175 million, 10 year deal, which also happens to be UFC’s biggest sponsorship to date. Fighters wear merchandise with the website name “Crypto.com” made very visible and you can also see the website name written…
Modern Consensus 100 Most Influential: Who got it right and who got it wrong
The good guesses, the triumphs, the screw-ups and the downright disasters of 2020
In an industry as young and volatile as crypto, and especially with all the money sloshing around in it, the triumphs and tragedies—or at least successes and screw-up—can be be enlightening and sometimes funny. It’s also a good preview to The Modern Consensus 100 Most Influential People in Crypto 2021, which went live today.