An interesting token was launched yesterday. The new token named ETHPLO is similar to the BOMB, the token launched in January.
BOMB is the most deflationary one between the coins and tokens because every time a transaction is sent 1 BOMB is burned. In the beginning, there were only 1 million BOMB tokens, but now after 6 months, the total supply is 969,634 BOMB tokens.
When the token was launched there was an airdrop that gave away 200-300 BOMB tokens to everybody signing in with an email.
BOMB price hit $12 some days ago making the 200-300 tokens airdrop more …
Economic inequality is a highly debatable topic, yet it is frequently misunderstood.
Economic inequality refers to “income inequality distribution” and “wealth inequality distribution”.
What Is Income Inequality?
According to investopedia, Income inequality is an extreme concentration of wealth or income in the hands of a small percentage of a population. It has been described as the gap between the richest and the rest.
When we speak about economic inequality in this article we are speaking about countries with democratic systems because those with totalitarian regimes are equally poor except their leaders and oligarchs.
Yet when speaking about income inequality in …
Bitcoin surged more than 60% in the last month, making May the best performing month this year.
However some pullback happened with the start of the new month, June and bulls seem to have slowed down the rally, ceding more power to the bears.
But statistically speaking, what does mean the month June for bitcoin and what is the bitcoin price seasonality?
Before looking at June let take a look at historical prices in May. Statistically speaking May is the best performing month for bitcoin in the 5 last years with an average gain of 21% with a 71% high …
May has been a great month for bitcoin going from $5,200 to $9,100. This coincides with the blockchain week in New York with many events like Consensus, Magical Crypto, etc.
What is behind this sudden surge in bitcoin price?
As indicated by a new report from Binance, the biggest spot crypto exchange saw an unexpected spike in Bitcoin price in May. The report indicates that the surge was caused by an increase of interest toward bitcoin from institutions and retail users. A surge in their OTC market is also reported from new traders.
“Compared to March and April, which were