The Biggest BTC Mining Difficulty Adjustment & What It Tells Us About Bitcoin Price
May 18, 2021Elon Musk and the Crypto Drama He Leaves in His Wake — Analysis, 17 May
May 18, 2021Elon Musk sparked a debate that also had an impact on the market. Bitcoin relies on mining. This puts an unnecessary burden on the environment and therefore Tesla no longer accepts BTC, according to Musk. The Bitcoin price then collapsed and tore the entire market down with it.But now that the smoke has subsided, the market is picking up speed again. Bitcoin is approaching the $ 50,000 mark again, and altcoins and tokens are also recovering. Cryptocurrencies that rely on proof of stake or related consensus mechanisms perform best.It can be observed here that this is not just recovery, but a real strengthening of a number of cryptocurrencies.The ADA course was unaffected by the crisis. At the time of going to press, the price stands at $ 2.37 and has so far made no move to change direction. With this, Cardano surprises again, because the development is in full swing, but the ecosystem is still in its infancy compared to Ethereum.So the market is heating up in anticipation of what Cardano wants to deliver later this year. In addition, they show a particularly high level of commitment in some African countries and want to provide infrastructure there via blockchain. What can be implemented from the plans and what is part of the marketing strategy also remains to be seen.Even critical comments from billionaire Mark Cuban cannot currently tarnish ADA’s price rally. The fact that Cardano is betting on Proof of Stake could also come in handy in the future.The Solana blockchain also relies on a mixture of proof of stake and proof of history. After taking a roller coaster ride, the SOL course encounters resistance at around $ 47. Solana also did a decent rally on the course this year, although here too many things are still in their infancy.After…
