Bitcoin Whales are Flowing Back, Accumulating for the First Time in Over 6 Months
Long-term Bitcoin HODLers, or whales, appear to be accumulating for the first time since BTC/USD prices broke above $12k.
This shift coincides with the rapid expansion of Bitcoin prices in time and the increasing volatility of prices.
The $60k zone appears to be a strong region of resistance. However, this mark has been broken following Apr 13 sharp close and rally to over $64.5k.
News of whales HODLing instead of dumping is a net positive. It builds another case of another potential rally that may lift Bitcoin prices to over $90k in the medium term.
Meanwhile, there are more BTC holders, topping 9 million—and rising, pointing to increasing adoption.
The number of addresses holding #Bitcoin is at a record 9,000,435! 🙌
Adoption is 🚀 pic.twitter.com/4woczbnYN2
— Bitcoin Archive 🗄🚀🌔 (@BTC_Archive) April 15, 2021
IOTA Evolving: Chrysalis is in Two Weeks
Chrysalis, the intermediate stage, before full implementation of Coordicide and activation of IOTA 2.0, will be in less than two weeks.
Path to IOTA 2.0.
— Documenting IOTA 📄 (@DocumentingIota) April 15, 2021
It would be a new era for DLT as a scene and the gradual transition to a machine economy and Internet-of-things.
What is #IOTA? 🦋#Streams = Encrypted data channels#Access = For cars, buildings, doors, software#Identity = Digital ID#SmartContracts#Oracles = Data for smart contracts#Stronghold = Security#DigitalAssets = Connection & creation of DA#Chronicle = Decentralized full node
— Frank (@2779530283Mi) April 15, 2021
Unlike the blockchain architecture used by most projects, IOTA markedly different. It is infinitely scalable and boasts of low transaction fees.
For this, supporters maintain that the network would be for corporates to secure data and trustlessly send payment freely.
#IOTA will be THE global infrastructure for secure data transfer and feeless payments.
— Raist 💎🦋💎 (@cryptot3c) April 13, 2021
Besides, it would support smart contracting, unraveling even more opportunities and significantly boosting the valuation of the platform’s native currency, IOTA.
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