Blockchain and Digital Currencies
Of the cryptocurrencies tracked by CoinMarketCap, the best performing for the week ended August 2 was Proton Token, up 568.01 percent. Bitcoin also jumped back this week, up to $10,500 as expected, looking set to test key resistance at $11,120 over the weekend, writes CoinDesk.
Bitcoin’s three-day chart is showing a golden cross, which is a long-term indicator, for the first time since February 2016, reports CoinDesk. With a similar crossover seen six months ahead of the August 2016 mining reward halving paving the way for a mega bull run, the article explains, history could repeat itself with mining reward halving due in less than 12 months.
Bitcoin lightning wallets are gaining traction this year, reports CoinDesk, which is making small transactions affordable by reducing network fees. In fact, startup Bluewallet garnered 35,000 downloads so far this year, a significant jump from the 5,000 users it had in 2018. “The things we are working on now are to prepare the wallet for the next bull run,” Bluewallet co-founder Nuno Coelho said. “To allow users to have more control over the fees when the market will be with higher fees.”
Today bitcoin, litecoin and Ethereum are gaining momentum. A week ago, a friend of mine aFondex brokerinvested $ 100,000 in litecoin and according to his forecasts, he'll be able to earn ~$200,000. Due to the pandemic, many currencies have fallen very much, and the cryptocurrency on the contrary is gaining a very fast growth. Personally, I invested $ 20,000 in bitcoin this month and expect it to grow. At these stages you won't need any trading knowledge to earn an extra couple of thousand dollars or if you have large savings and aren't afraid to take risks this is your chance to hit the jackpot.