Surging prices, anticipation, and steady coin interest round out today’s headlines.
The Bitcoin price rose to a new all-time high in some exchanges!
On Monday, Nov 30, the Bitcoin price, for the first time in three years, rose to register a new all-time high in some exchanges.
Because of the fragmented nature of cryptocurrencies, different exchanges have different prices–subject to liquidity, meaning Bitcoin’s ATH varies across the board.
By rallying to a record $19,873 on Nov 30, the most valuable asset was less than $30 shy from crossing and closing above $19,833–the ATH in Coinbase.
Accompanying the sharp rally was an influx of new “smart money” investors according to Glass Node, a blockchain analytic firm.
There is the confidence that Bitcoin will rally to new highs (or even to $100k) since the current macro-economic conditions are like “rocket fuel” for bulls according to Antony Pompliano in an interview with CNBC’s Squawk Box.
Eth2 will be more decentralized than Bitcoin With Over 27k Active Validators
According to statistics, there are over 27k Eth2 validators that have locked up 32 ETH at the Beacon Chain mainnet.
At this level, the network is more decentralized than Bitcoin. The development is a massive shot in the arm for Ethereum considering how sensitive the “decentralization question” is in the crypto sphere.
Because of this, ETH–the native currency, will continue being a utility, and holders not required to file with the SEC.
If there were concerns around the decentralization of Eth2 validators, possibly the ETH price would be affected as investors steer clear. Eventually, once Eth Phase 2 is active, Ethereum will be more scalable and cheap to transact with.
IOTA is Launching a New Wallet, Firefly
Development and growth is IOTA’s main characteristic. Like Cardano, its developers are keen on ensuring the network is a leader in machine learning and the internet of things.
A blog post on Nov 30 revealed their plans.
One of them is to launch a new wallet, Firefly. The wallet designed from the ground up integrates lessons learned over the last three years.
Trinity was hacked earlier this year and holders lost $2 million. Firefly will be more secure–will use Stronghold–a set of multipurpose libraries for security enhancement, and easy to use.
Notably, it will introduce the concept of profiles and chat management with extensibility considering future additions necessitated by tokenization.
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