Ethereum has sharply risen in a day, and Mark Cuban does not exclude an increase in the price of bitcoin
Ethereum has risen in price by more than 14% in 24 hours
Ethereum price has risen by more than 14%. According to Coinmarketcap data at the time of writing, ETH is worth $1,406.
“Ethereum’s daily transaction volume is going parabolic. It now settles $12 billion in transactions daily — $3 billion more than Bitcoin, “ Ryan Watkins, a researcher at the Messari analytical company, wrote on his Twitter account.
The explosive growth of the cryptocurrency rate can be associated with the movements of stablecoins, a significant part of which is based on the Ethereum blockchain.
Mark Cuban thinks Bitcoin may continue to rise
Billionaire and well-known Bitcoin critic Mark Cuban believes that the first cryptocurrency is able to continue to grow, like stocks in general, amid no increase in interest rates. The entrepreneur urged crypto enthusiasts to monitor the dynamics of interest rates.
“All speculation about debt will get real ground if interest rates rise and by how much. That’s when we will see how this affects the prices of all assets. Bitcoin is akin to any stock. Its price is determined by supply and demand, ”said the billionaire.
In his opinion, the interest of institutional investors contributes to the growth of the BTC rate. About a year ago, Cuban stated that bitcoin “has no chance” to become a reliable currency in the future.
“It [Bitcoin] is too difficult to use, too easy to hack, way too easy to lose, too hard to understand, too hard to assess a value,” Cuban said in December 2019.
Research: over 70% of central banks are interested in blockchain
According to a study by analyst firm Mindsmith, 74% of central banks are interested in blockchain technology. The experts came to such conclusions based on the results of a semantic analysis of publications of 191 central banks. As of the beginning of this year, they mentioned the blockchain 4408 times.
More than 50% of mentions of the technology fall on 9 regulators. The undisputed leaders were the US Federal Reserve, the Bank of England and the European Central Bank. In addition, regulators from Singapore, Thailand, Tunisia, Germany, Portugal and Lithuania are included in the top ten by mentioning the technology.