In a nutshell, the crypto crash of 2022 was caused by a domino effect. The Consumer Price Index (CPI) announced that inflation was 8.6%, which created hysteria in financial markets. First, stock exchanges like Dow Jones and Nasdaq took a hit. Next, it was the typically volatile market of cryptocurrency that descended into chaos.
The numbers have been quoted ad infinitum, but they are worth reiterating. The market capitalization of cryptocurrency went from 3 trillion to roughly 900 billion dollars, and Bitcoin lost over two-thirds of its value and fell under the 20,000-dollar mark. Similarly, all significant tokens were adversely affected by the collapse. We will look at the impact of the devaluation on the second biggest cryptocurrency below.
The Number Two In Crypto – Ethereum (ETH)
The token price of Ethereum (ETH) reached its peak in November when it was approximately 4,500 dollars. In the aftermath of the crypto crash, the price of ETH was just over 1,000 dollars. Ethereum is second only to Bitcoin and boasts a market cap of 232 billion and a current price of 1,900 dollars per coin. Both figures mentioned have decreased 1.9% in the last twenty-four hours. In the same period, the volume of ETH tokens traded is 20.2 million, a stunning increase of 44.6%.
Ethereum is a decentralised, open-source blockchain platform with its currency called Ether. ETH is the foundation for various other cryptocurrencies and the regulation of smart contracts. The origin of Ethereum can be traced back to 2013 when it was described in a white paper by Vitalik Buterin, the most prominent of eight co-founders. Buterin wrote the white paper and is still involved in the day-to-day operations of Ethereum (ETH).
The co-founders secured funding through an online public crowd sale in 2014, which raised 18.3 million dollars. Ethereum’s price in its initial coin offering (ICO) was 0.311. In terms of the return on investment (ROI), the price of ETH has increased by over 270%. In other words, the valuation of Ethereum has quadrupled every year since its inception.
ETH was officially released in 2015 by The Ethereum Foundation after a two-year development process. The prototype was initially called Frontier, and there have been several network upgrades since, including Constantinople (2019), Istanbul (2019), Berlin (2021), and London (2021). Furthermore, Ethereum (ETH) was created to be the first choice for decentralised applications (dApps) worldwide. The idea was that ETH would enable token holders to write and operate software that does not succumb to downtime, censorship, and fraud.
The Crypto Newcomer – Revolutux (RVLT)
Ethereum is the second biggest cryptocurrency on the market, in stark contrast to the token we’ll discuss now: Revolutux (RVLT). A decentralised and deflationary coin, Revolutux is based on Binance Smart Chain (BSC).
The RVLT ecosystem is made up of four principal components called RevolutuxSwap, RevolutuxStaking, RevolutuxNFTs, and RevolutuxDAO. Firstly, RevolutuxSwap, as the name suggests, allows users to exchange digital assets of their choosing. Secondly, RevolutuxStaking is pivotal since it enables users to find consensus via a proof-of-stake (PoS) mechanism.
Thirdly, RevolutuxNFTs include non-fungible tokens (NFTs) that are generated and traded on the blockchain network. One of the features of Revolutux (RVLT) is that it will have user-oriented dissemination techniques for NFTs. Finally, RevolutuxDAO employs the decentralised autonomous organisation to give community members greater control.
In terms of functionality, Revolutux uses three functions each time a transaction is conducted, known as Reflection, Liquidity Pool (LP), and Burn. Reflection is also called fixed rewards and prevents dramatic price fluctuations brought on by LP farming rewards. Liquidity Pool lends stability to the platform, especially during volatile periods, and burning is an essential component that helps educate token holders.
Final Thoughts
Ethereum’s daily trading volume has increased by almost 45%, which means users are actively swapping tokens, despite the ongoing crisis. Given its attributes, the hope is that Revolutux (RVLT) will find plenty of suitors when launched. If you invest in RVLT tokens during stage 1 of its presale, you will receive a 7% bonus. If you convince a friend to spend two hundred dollars on RVLT tokens, you and your friend will receive a fifty-dollar reward.
Find out more about Revolutux (RVLT) Here:
Presale: http://begin.revolutux.com/
Website: http://revolutux.com/
Telegram: https://t.me/RevolutuxOfficial
Read More About Revolutux (RVLT) Here: Revolutux, Solana, and Chainlink: Why the cryptocurrency market is optimistic about these names
The post Can Revoultux (RVLT), With Its 7% Referral Bonus, Emulate Established Cryptocurrencies Like Ethereum (ETH)? appeared first on .
In a nutshell, the crypto crash of 2022 was caused by a domino effect. The Consumer Price Index (CPI) announced that inflation was 8.6%, which created hysteria in financial markets. First, stock exchanges like Dow Jones and Nasdaq took a hit. Next, it was the typically volatile market of cryptocurrency that descended into chaos.
The numbers have been quoted ad infinitum, but they are worth reiterating. The market capitalization of cryptocurrency went from 3 trillion to roughly 900 billion dollars, and Bitcoin lost over two-thirds of its value and fell under the 20,000-dollar mark. Similarly, all significant tokens were adversely affected by the collapse. We will look at the impact of the devaluation on the second biggest cryptocurrency below.
The Number Two In Crypto – Ethereum (ETH)
The token price of Ethereum (ETH) reached its peak in November when it was approximately 4,500 dollars. In the aftermath of the crypto crash, the price of ETH was just over 1,000 dollars. Ethereum is second only to Bitcoin and boasts a market cap of 232 billion and a current price of 1,900 dollars per coin. Both figures mentioned have decreased 1.9% in the last twenty-four hours. In the same period, the volume of ETH tokens traded is 20.2 million, a stunning increase of 44.6%.
Ethereum is a decentralised, open-source blockchain platform with its currency called Ether. ETH is the foundation for various other cryptocurrencies and the regulation of smart contracts. The origin of Ethereum can be traced back to 2013 when it was described in a white paper by Vitalik Buterin, the most prominent of eight co-founders. Buterin wrote the white paper and is still involved in the day-to-day operations of Ethereum (ETH).
The co-founders secured funding through an online public crowd sale in 2014, which raised 18.3 million dollars. Ethereum’s price in its initial coin offering (ICO) was 0.311. In terms of the return on investment (ROI), the price of ETH has increased by over 270%. In other words, the valuation of Ethereum has quadrupled every year since its inception.
ETH was officially released in 2015 by The Ethereum Foundation after a two-year development process. The prototype was initially called Frontier, and there have been several network upgrades since, including Constantinople (2019), Istanbul (2019), Berlin (2021), and London (2021). Furthermore, Ethereum (ETH) was created to be the first choice for decentralised applications (dApps) worldwide. The idea was that ETH would enable token holders to write and operate software that does not succumb to downtime, censorship, and fraud.
The Crypto Newcomer – Revolutux (RVLT)
Ethereum is the second biggest cryptocurrency on the market, in stark contrast to the token we’ll discuss now: Revolutux (RVLT). A decentralised and deflationary coin, Revolutux is based on Binance Smart Chain (BSC).
The RVLT ecosystem is made up of four principal components called RevolutuxSwap, RevolutuxStaking, RevolutuxNFTs, and RevolutuxDAO. Firstly, RevolutuxSwap, as the name suggests, allows users to exchange digital assets of their choosing. Secondly, RevolutuxStaking is pivotal since it enables users to find consensus via a proof-of-stake (PoS) mechanism.
Thirdly, RevolutuxNFTs include non-fungible tokens (NFTs) that are generated and traded on the blockchain network. One of the features of Revolutux (RVLT) is that it will have user-oriented dissemination techniques for NFTs. Finally, RevolutuxDAO employs the decentralised autonomous organisation to give community members greater control.
In terms of functionality, Revolutux uses three functions each time a transaction is conducted, known as Reflection, Liquidity Pool (LP), and Burn. Reflection is also called fixed rewards and prevents dramatic price fluctuations brought on by LP farming rewards. Liquidity Pool lends stability to the platform, especially during volatile periods, and burning is an essential component that helps educate token holders.
Final Thoughts
Ethereum’s daily trading volume has increased by almost 45%, which means users are actively swapping tokens, despite the ongoing crisis. Given its attributes, the hope is that Revolutux (RVLT) will find plenty of suitors when launched. If you invest in RVLT tokens during stage 1 of its presale, you will receive a 7% bonus. If you convince a friend to spend two hundred dollars on RVLT tokens, you and your friend will receive a fifty-dollar reward.
Find out more about Revolutux (RVLT) Here:
Presale: http://begin.revolutux.com/
Website: http://revolutux.com/
Telegram: https://t.me/RevolutuxOfficial
Read More About Revolutux (RVLT) Here: Revolutux, Solana, and Chainlink: Why the cryptocurrency market is optimistic about these names
The post Can Revoultux (RVLT), With Its 7% Referral Bonus, Emulate Established Cryptocurrencies Like Ethereum (ETH)? appeared first on .