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.