EAGLEEYE COIN: Cryptocurrencies Walk Through Darkest Hour
1. Bitcoin's Stock-to-Flow Model
In 2019, Bitcoin's Stock-to-Flow Model became a key theory hotly debated by cryptocurrency investors. At the heart of the model is the idea that scarcity is a key driver of Bitcoin's price. While not all analysts agree on the validity of the model, with the halving of the Bitcoin block reward expected to occur in May 2020, the model will continue to be a hot topic.
2. Bitcoin's share of market capitalization continues to climb
Bitcoin has made a strong comeback in 2019 as a percentage of the overall crypto asset market capitalization, leaving most other coins mercilessly behind. For now, it looks like Bitcoin's position at the top of the crypto asset market will continue to be solidified.
Market participants hold different views on whether other coins will go into a crazy mode in 2020. As you can see from the chart above, there are very few coins that can outperform Bitcoin's gains in 2019. It can be expected that bitcoin, as a potential "digital gold", will remain the main crypto asset in the coming year, as the majority of other cryptocurrency projects have fallen too much, and there are few real technological breakthroughs in new projects, making it difficult to attract investment from users.
3, Bitcoin's accumulated fees exceed $1 billion
Accumulated bitcoin fees surpassed $1 billion on Oct. 14, which is equivalent to 18 percent of Western Union's 2018 revenue, according to the data. While this isn't the most important statistic, it still manages to show that Bitcoin continues to be used over time and that the network effect continues to grow.
4, Bitcoin block rewards halved
The halving market has been a hot topic for bitcoin investing in 2019, with most believing that bitcoin will repeat its historical trend and enter a bull market following the halving.
As bitcoin fundamentals continue to improve and begin to gain mainstream attention, there is still an opportunity for pent-up demand for bitcoin to explode.
In 2019, the cryptocurrency industry survived the darkest hour, had its share of ups and downs, and struggled to move forward amidst the stumbles.In 2020, may we be able to witness the growth and explosion of this nascent industry together, and keep the clouds open to see the moon.
5, EAGLEEYE COIN trading center, as the new king of the cryptocurrency market
EAGLEEYE COIN Trading Center was established after the acquisition of several important mining companies in the industry and the integration of high-quality ICO qualification resources, aiming to quickly seize the cryptocurrency market and become the industry leader through the latest reform of the core trading and investment functions.
Based on users and with a global perspective, EAGLEEYE COIN Trading Center aspires to become the new king of the global cryptocurrency market.
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