When Ethereum played with everyone’s emotions, Bitcoin kept the fire burning. Now that Bitcoin is playing with emotions, Ethereum keeps the flag flying. In this never ending game of ups and downs, we know that what goes down must come back up. It’s only a matter of ‘when’. With that said, it has been an exciting week as always and here are the top headlines. Enjoy!
Forward ‘Ether’ Backward Never
And now, for some news we like to hear! On April 22, while the world slept, Ethereum snuck into a new all-time high of $2,600. This happened while the price of Bitcoin struggled and other altcoins saw price drops. Last week, we mentioned that the following month could have a lot in store for Ethereum and this may just be the beginning. So hold on to your seat because you could be in for a wild ride 👀.
Tether (USDT) has been stepping on our necks for the past couple of months. In November 2020, we reported that USDT was swallowing the market after it recorded serious growth in its market cap at $19 billion. 5 months later, we’re singing a better song and let us tell you, we love this song! This time, USDT sits at an unshakeable $50 billion dollar market cap and keeps growing. You know what to do 🌚
Okay, so the past two weeks have been bloody for Bitcoiners and everyone is waiting for Bitcoin to behave. But what if it’s a good sign? Before you rush us, let’s explain 😅. We are approaching the part of the cycle where altcoin prices begin to fall. That point is like the spark plug for Bitcoin because it tends to dominate the market again and shoot back up. Even though this isn’t set in stone, it’s a pattern that repeats itself a lot. So whether you’re waiting it out, or buying more, remember that for Bitcoin, what goes down must come back up ✊🏾
NFTs: Remembering the Bossman
As NFTs (Non-Fungible Tokens) take the world by storm, their uses are becoming more personal and relatable. One example is an NFT created as a tribute to Chadwick Boseman by Andre O’Shea, a 3D animator 🥺. The proceeds from the NFT will be donated to the Colon Cancer Foundation. Boseman, who passed in August 2020 after battling colon cancer, is most famous for his role as King T’Challa in the 2018 film, Black Panther. Amazingly, he is an Academy award nominee this year for his part in Ma Rainey’s Black Bottom ⭐️.