What is the Play Coin era like (Who are the people who play coins)

08/18/2023 21:32 • Tech Ticker • 93 views

What is the Play Coin era like? According to Coindesk, on February 25, 2018, Bitcoin dropped from around $8,000 to below 10,000 points, setting a new high for the year. However, at the same time, investors’ interest in digital currency is also continuously growing. The trend of 2018 is the “Play Coin era.”

Over the past year or so, “playing coins” has become a hot topic in the blockchain industry, and this industry is also known as the indicator of the encrypted market and financial market. Due to the increasing attention and acceptance of cryptographic assets, the entire industry has experienced a bubble phenomenon.

Who are the people who play coins

Most players in the coin circle are people who play with virtual currencies. They may not have enough understanding of blockchain technology but do not quite understand it. For example, if you have come into contact with an exchange or project party, investment institution, and feel like you are a “cabbage”, then you will definitely think of yourself as a cabbage. If you know some partners or market makers, you can take a look at this person’s transaction history. But how many smart wallets are actually operating Bitcoin? What are the uses of these wallets? What are they and how do they operate?

First, let us look at their fundamental data:

1. BTC: From August 2019 to May 2020, the total market value of the entire digital currency has tripled (-5%). Currently, the price of BTC is around $20,000, with a 24-hour increase of more than 20%. The price of other mainstream cryptocurrencies has also risen by more than 30%. Therefore, the BTC market situation is related to investor psychology because most people regard this sentiment as a belief state, so many times everyone will regard the current situation with a wait-and-see mentality. In addition, according to our recently released “Report on Changes in Holdings”, a total of 9 companies have held about 500,000 bitcoins in the past year, accounting for about 10% of the circulation. If calculated according to the current daily average active address number, at least 10 of these companies are listed companies in China that have such assets, that is, mining production companies, including 7 companies including Canaan Creative. According to statistics, in the first quarter of 2019, Bitcoin’s computing power growth rate was the highest, reaching 17.3%. In addition, the total number of blocks mined by the entire network in the third quarter of this year has also seen a significant increase, reaching a historical high of 18.8%.

4. ETH: Compared with the dividing line between bull and bear in 2017, ETH’s performance is obviously better now. Although its overall trend is still calm, it is optimistic about ETH’s future potential in the long run. However, as the market gradually matures, there are still doubts about the future development prospects of ETH. Although most people do not pay much attention to whether the price of ETH can rise to a certain height, there is still a strong consensus in certain fields, for example, protocols like Uniswap are trying to launch similar products to provide a better user experience, which also indicates that more people are looking for solutions that suit them.

5. “Altcoins”: Unlike the ICO boom at the end of 2017, the performance of DeFi tokens this year is relatively worse. The rate of return on DeFi tokens far exceeds the risk-return ratio in the traditional financial field, which has brought confusion to many ordinary people. Of course, the most important thing is that these DeFi projects themselves are speculative products. They actually have no value and only passively participate in order to gain a larger market share and engage in long-term investment. This is a good thing!

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What is the Play Coin era like (Who are the people who play coins)

Who are the people who play coins

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