The New Jersey Crypto News
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Dogecoin
    • All Alt Coin
  • Learn
    • Learn

      How to Trade Futures Contracts on Changelly PRO

      11/14/2021

      Learn

      EtherLite (ETL) Cryptocurrency Price Prediction

      11/12/2021

      Learn

      How to Trade Bitcoin Futures

      11/12/2021

      Learn

      How to Start Trading Cryptocurrency

      10/21/2021

      Learn

      How to Create Your Own Cryptocurrency

      10/13/2021

  • Analysis
    • Analysis

      Bitcoin is Struggling, But It’s Too Early to Say Bulls Have Given Up

      12/29/2021

      Analysis

      Sushi Up 17% Amid DeFi 2.0 Rescue Rumors

      12/29/2021

      Analysis

      Ethereum Recovery Could Soon Fade If ETH Fails To Surpass $4k

      12/28/2021

      Analysis

      Charles Hoskinson Shares Cardano Plans for 2022

      12/28/2021

      Analysis

      Bitcoin Prints Bullish Pattern, Why BTC Could Surge To $50K

      12/27/2021

  • Blockchain
    • Blockchain

      Iran Bans Crypto Mining to Avert Major Blackouts in Winter Season

      12/29/2021

      Blockchain

      Italian Sports Car Maker Ferrari Inks Multi-Year Deal With Blockchain Firm Velas Network AG…

      12/29/2021

      Blockchain

      ProShares Files for New Metaverse ETF With U.S. SEC

      12/28/2021

      Blockchain

      Ozzy Osbourne Reveals Cryptobatz NFT Project Paying Tribute to His Iconic Bat Bite –…

      12/28/2021

      Blockchain

      Binance Trading Platform Licenses in Bahrain, Canada

      12/28/2021

  • Market Cap
All Alt Coin

‘Owners of XRP and Ethereum are the most educated’

by Miki 07/04/2021
by Miki 07/04/2021 0 comment

Trend cycles never remain constant. They keep evolving and get refined with time. As far as the crypto market is concerned, several narratives like “buy the dip” and “HODL” have translated themselves into cyclic trends and have garnered mass traction of late. 

A recent Bank of International Settlements (BIS) paper identified several emerging trends exhibited by the market and its participants. The first and most interesting trend highlighted was the change in HODLing patterns. Arguably, for any market to grow, existing investors need to be retained.

IntoTheBlock’s data weaved a complementing narrative. HODLers have, by and large, been outnumbering and dominating other participants like the cruisers and traders over the past few months. The report further claimed that crypto markets might stabilize with time, if HODLing becomes even more pervasive. What’s more, the BIS’ paper asserted,

“Those who invested in cryptocurrencies in the past are likely to remain invested.”

Next, the report contended that cryptocurrency ownership had nothing to do with the “distrust” in fiat currencies. They further emphasised that cryptos like Bitcoin did not pose any threat to traditional financial tools. The report noted, 

“Cryptocurrencies are not sought as an alternative to fiat currencies or regulated finance, bur are instead a niche digital speculation object.” 

However, it should be noted that crypto proponents strongly believe that this new digital monetary variant would eventually end up replacing fiat currencies once for all. Kraken Exchange’s Dan Held, for instance, recently reckoned that Bitcoin would become the world reserve currency within a span of approximately 10 years. 

The paper additionally contended that regulations would “benefit” the crypto industry as a whole. As a matter of fact, most of the prominent regulatory bodies have already started working in this direction. Congressman Bill Foster, for instance, recently endorsed the significance of a crypto regulatory mechanism. He opined that third parties, like courts, should be allowed to intrude the ecosystem through a “cryptographic back door” to protect the industry from ransomware attacks. BIS noted,

“A clarifying regulatory and supervisory framework for cryptocurrency markets may be beneficial for the industry.”

Towards the end, the paper also indicated the interdependence between the level of education and crypto investment choices. The general trend outlined that crypto owners are “generally more educated than average.” A further breakdown suggested,

“Among the various cryptocurrencies, owners of XRP and Ether are the most educated, while those owning Litecoin are the least educated, with Bitcoin owners ranking in the middle.”

Source link

Views: 0
educatedEthereumOwnersXRP
Share
0
FacebookTwitterPinterestEmail
previous post
Bull Signal From Bitcoin Bottom Is Best Hope Yet For Continuation
next post
Ethereum token ‘WhaleFarm’ drops 99% in latest DeFi scam. Team steals $2 million

Related Posts

Are Solana’s bulls really strong enough to halt...

12/29/2021

IXFI Announces Launch of New-Age Exchange Platform

12/29/2021

Litecoin repeating history will have this effect on...

12/28/2021

More than just a game – what GameFi...

12/28/2021

Even as network hits one million users, FTT...

12/28/2021

Fintech Expert Makes Six Bold Predictions for Crypto...

12/28/2021

A recovery rally in play for Sushiswap, as...

12/28/2021

SEC Accused of Deliberately Trying to ‘Kill’ XRP...

12/28/2021

Recent gains may finally boost Aave’s dominance in...

12/28/2021

Santa Floki Price Rallies 5,000% after Elon Musk’s...

12/28/2021

Leave a Comment Cancel Reply

Save my name, email, and website in this browser for the next time I comment.

For security, use of Google's reCAPTCHA service is required which is subject to the Google Privacy Policy and Terms of Use.

I agree to these terms.

Recent Posts

  • Are Solana’s bulls really strong enough to halt further decline

    12/29/2021
  • Elon Musk thinks this individual could be the potential Bitcoin (BTC) creator Satoshi

    12/29/2021
  • Iran Bans Crypto Mining to Avert Major Blackouts in Winter Season

    12/29/2021
  • Bitcoin is Struggling, But It’s Too Early to Say Bulls Have Given Up

    12/29/2021
  • Sushi Up 17% Amid DeFi 2.0 Rescue Rumors

    12/29/2021

Categories

  • All Alt Coin (2,280)
  • Analysis (312)
  • Bitcoin (1,302)
  • Blockchain (1,068)
  • Dogecoin (700)
  • Ethereum (304)
  • Learn (139)
  • Ripple (149)

About Us

About Us

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, blockchain, Market, and more.

Featured Posts

  • Bitcoin (BTC) Price Could See a Bullish Reversal if RSI Can Breakout of This Trendline

  • 4 Tips To Know When Buying Bitcoin

  • After witnessing a 390% rally, OMG needs this to keep up its performance

Recent Posts

  • Are Solana’s bulls really strong enough to halt further decline

  • Elon Musk thinks this individual could be the potential Bitcoin (BTC) creator Satoshi

  • Iran Bans Crypto Mining to Avert Major Blackouts in Winter Season

Categories

  • All Alt Coin (2,280)
  • Analysis (312)
  • Bitcoin (1,302)
  • Blockchain (1,068)
  • Dogecoin (700)
  • Ethereum (304)
  • Learn (139)
  • Mining (0)
  • Ripple (149)
  • Uncategorized (0)
  • Facebook
  • Instagram
  • Linkedin
  • Contact
  • Privacy Policy
  • Terms & Conditions

@2021 -thecryptonewsweb.com - All Right Reserved.

The New Jersey Crypto News
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Dogecoin
    • All Alt Coin
  • Learn
    • Learn

      How to Trade Futures Contracts on Changelly PRO

      11/14/2021

      Learn

      EtherLite (ETL) Cryptocurrency Price Prediction

      11/12/2021

      Learn

      How to Trade Bitcoin Futures

      11/12/2021

      Learn

      How to Start Trading Cryptocurrency

      10/21/2021

      Learn

      How to Create Your Own Cryptocurrency

      10/13/2021

  • Analysis
    • Analysis

      Bitcoin is Struggling, But It’s Too Early to Say Bulls Have Given Up

      12/29/2021

      Analysis

      Sushi Up 17% Amid DeFi 2.0 Rescue Rumors

      12/29/2021

      Analysis

      Ethereum Recovery Could Soon Fade If ETH Fails To Surpass $4k

      12/28/2021

      Analysis

      Charles Hoskinson Shares Cardano Plans for 2022

      12/28/2021

      Analysis

      Bitcoin Prints Bullish Pattern, Why BTC Could Surge To $50K

      12/27/2021

  • Blockchain
    • Blockchain

      Iran Bans Crypto Mining to Avert Major Blackouts in Winter Season

      12/29/2021

      Blockchain

      Italian Sports Car Maker Ferrari Inks Multi-Year Deal With Blockchain Firm Velas Network AG…

      12/29/2021

      Blockchain

      ProShares Files for New Metaverse ETF With U.S. SEC

      12/28/2021

      Blockchain

      Ozzy Osbourne Reveals Cryptobatz NFT Project Paying Tribute to His Iconic Bat Bite –…

      12/28/2021

      Blockchain

      Binance Trading Platform Licenses in Bahrain, Canada

      12/28/2021

  • Market Cap
  • RelevantRelevant(REL)$0.825.35%
  • Heart NumberHeart Number(HTN)$0.000553-30.47%
  • TadpoleTadpole(TAD)$7.32-1.76%
  • SEENSEEN(SEEN)$2.05-2.27%
  • EvedoEvedo(EVED)$0.082301-0.80%
  • MarginswapMarginswap(MFI)$0.184214-2.17%
  • SakeTokenSakeToken(SAKE)$0.0127234.37%
  • WTF TokenWTF Token(WTF)$0.0113500.16%
  • BNSD FinanceBNSD Finance(BNSD)$0.005460-5.83%
  • RobotinaRobotina(ROX)$0.00266138.50%
  • CageCage(C4G3)$0.005010-3.67%
  • YAM v2YAM v2(YAMV2)$4.70-1.41%
  • PolkaBridgePolkaBridge(PBR)$0.439876-7.02%
  • DSLA ProtocolDSLA Protocol(DSLA)$0.003681-6.85%
  • lympoLympo(LYM)$0.004392-4.43%
  • Falcon ProjectFalcon Project(FNT)$0.000366-2.23%
  • DYORDYOR(DYOR)$0.00002020.53%
  • TICOEX TokenTICOEX Token(TICO)$0.0013640.52%
  • MMS Cash TokenMMS Cash Token(MCASH)$1.000.00%
  • bitcoinBitcoin(BTC)$28,850.00-0.81%
  • ethereumEthereum(ETH)$1,759.34-0.71%
  • tetherTether(USDT)$1.00-0.02%
  • usd-coinUSD Coin(USDC)$1.000.07%
  • binancecoinBNB(BNB)$301.11-0.66%
  • rippleXRP(XRP)$0.386747-3.31%
  • Binance USDBinance USD(BUSD)$1.010.18%
  • cardanoCardano(ADA)$0.455576-3.19%
  • SolanaSolana(SOL)$41.18-3.88%
  • dogecoinDogecoin(DOGE)$0.0818903.61%
  • polkadotPolkadot(DOT)$9.242.03%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$28,820.00-0.91%
  • tronTRON(TRX)$0.080260-0.24%
  • Lido Staked EtherLido Staked Ether(STETH)$1,721.80-0.64%
  • VectoriumVectorium(VECT)$425.81-3.49%
  • daiDai(DAI)$1.000.16%
  • AvalancheAvalanche(AVAX)$22.67-1.61%
  • Power CashPower Cash(PRCH)$0.017570881.24%
  • Shiba InuShiba Inu(SHIB)$0.0000110.72%
  • AlexAlex(ALEX)$0.068435-0.04%
  • LADZLADZ(LADZ)$0.0686894.36%
  • leo-tokenLEO Token(LEO)$5.002.66%
  • litecoinLitecoin(LTC)$62.37-1.16%
  • CronosCronos(CRO)$0.1692210.12%
  • HederaHedera(HBAR)$0.389473-3.44%
  • matic-networkPolygon(MATIC)$0.58-1.59%
  • RareRare(RARE)$0.0461220.00%
  • FTX TokenFTX Token(FTT)$26.72-2.06%
  • NEAR ProtocolNEAR Protocol(NEAR)$4.87-4.97%
  • bitcoin-cashBitcoin Cash(BCH)$175.27-4.11%
  • moneroMonero(XMR)$180.63-3.66%