Tuesday, November 28, 2023

Crypto updates from the last week you should be aware of

The previous week saw several developments in the crypto industry, which included a brief rise in Bitcoin’s price that eventually saw a retreat. While the price of the world’s largest crypto hovered above the $50,000 mark for some time, it dipped not long after. On Monday, its price was a little above $47,000.

Bitcoin wasn’t the only cryptocurrency to suffer. Other big names such as Ether and meme token Shiba Inu also experienced dips in their respective prices. However, the price swings among the biggest cryptocurrencies weren’t the only events in the crypto industry over the last 7 days.

Another big news from the previous week was the all-time high that was hit by PEOPLE, the native token of ConstitutionDAO. This surprised many in the world of crypto as ConstitutionDAO had announced in November that it was on the verge of shutting down. The total gains that PEOPLE made through the last week were a whopping 152%.

Crowdfunding platform Kickstarter also announced that it’s supporting the development of a decentralized version of the platform. The decentralized version is set to be available for independent contributors, collaborators, and Kickstarter competitors as well. While the name of the new protocol remains a mystery, Kickstart will move on to it sometime in 2022.

It also came to light that 90% of Bitcoin’s total supply (21 million tokens) has already been mined. The remaining Bitcoin supply can continue to be mined. It’s expected that the total supply will be mined by February 2140.

Cryptured Team
Cryptured Team
The writers team at Cryptured.com is composed of passionate and experienced journalists who cover the latest developments in the crypto and blockchain space. They aim to provide accurate, unbiased and easy-to-understand news and information for their readers, as well as insights and analysis from industry experts. The writers team is always on the lookout for new and exciting stories that can help the general public learn more about the potential and challenges of these technologies.
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