BTC – an unimagined growth - M.Ravichandran

The idea of the Bitcoin, the first blockchain-based cryptocurrency, was conceived by Satoshi Nakamoto in 2008. The short name of the Bitcoin is BTC.

It is a decentralized virtual currency. There is no single administrator. It can be sent from user to user on the peer-to-peer bitcoin platform without any intermediaries.

A Research carried out by Cambridge University finds out that in 2017, there were nearly 6 million individulas having a cryptocurrency wallet, most of them trading BTC.

Some economists, including several Nobel laureates, have characterized BTC as a speculative. BTC has also been utilised as an investment, while several regulatory agencies have indicated investor alerts about BTC.

In 2011, the price started at $0.30 per BTC, growing to $5.27 for the year. The price rose to $31.50 in June. Within a short span of a few months, the price fell to $4.77.

In 2012, BTC prices started at $5.27, growing to $13.30 for the year. And then it crashed by 49% to $3.80. The price then rose to $16.41 in August, but fell by 57% to $7.10 immediately.

In 2013, prices started at $13.30 rising to $770 by January 2014. In 2014, prices started at $770 and fell to $314 for the year. In 2015, prices started at $314 and rose to $434 for the year. In 2016, prices rose and climbed up to $998.

Prices started at $998 in 2017 and rose to $13,412.44 in January 2018, after reaching its all-time high of $19,783.06 in December 2017. The BTC prices then fell from $9,052 to $6,914 in February 2018.

On 1 July 2018, BTC's price was $6,343. The price in January 2019 was $3,747. By June 2019 the price had recovered to $13,000.

During the week of 11 March 2020 as a result of the corona virus, Kraken, a crypto currency exchange saw an 83% increase in the number of account signups over the week of BTC's price collapse, a result of buyers looking to capitalize on the low price.

In March 2020, the price fell below $4000 during a broad corona pandemic related market selloff, after trading above $10,000 in February 2020.

In August 2020, MicroStrategy invested $250 million in BTC as a treasury reserve asset. In October 2020, Square, Inc. invested approximately 1% of their total assets ($50 million) in BTC.

In November 2020, PayPal announced that all users could buy, hold, or sell BTC using PayPal. In November 2020, bitcoin hit a new all time high of $19,860. 

Now the price of one BTC is going forward beyond $24,000.

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TRON – A Beauty of the Crypto Currency - M.Ravichandran

TRON is one of the crypto currencies. It works on block-chain based decentralized platform. The short name for Tron is TRX. 

TRX was founded in 2017 by Justin Sun and his team of Tron Foundation. It is a Singapore based non-profit organization.

TRON’s total market cap was about $1.6 billion in 2019. TRX can be purchased on exchanges for crypto currency like ETH or BTC. It can be stored on wallets. TRX was ranked 15^th on the list of largest crypto currencies by market capitalization in 2018.

The long-term vision for TRX and low-cost digital orientation makes it a capable venture in the block-chain arena. It started racing from USD 0.002, now its price is around USD 0.03. It is predicted that it will be rising over USD 0.15 in 2021 and USD 0.65 by 2025.

As it works on decentralized platform, it has full control of the data network. So there are no middlemen for hosting. Every data will be stored securely through block-chain technology. It allows investors to take wholesome gains. 

There are various TRX pathways. It includes 6 phases from Exodus, Odyssey, Great Voyage, Apollo, Star Trek and Eternity. Now it is in the phase of Exodus which provides free peer to peer platform.

In the phase of Odyssey, it will facilitate economic incentive to boost up content creation. In Great Voyage, it will deal with income payment and dividend management. In Apollo, it will handle with its own token to improve economic vitality. In Star Trek, it will be moved into decentralized gaming network. In the final phase known as Eternity, it will encourage crowd-funding.

If all the phases are achieved well in advance, the TRX crypto currency would be in peak of wealth creation apart from the risks laid along the pathway.

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