Cryptocurrencies Price Prediction: Bitcoin, BLUR & Crypto – European Wrap 16 January
|Self proclaimed Bitcoin creator fans the flames of rivalry between BTC and Ethereum
In the crypto community, there is a long standing rivalry between the two largest cryptocurrencies, Bitcoin and Ethereum, for capturing market share and dominance.
While BTC hands down beats Ethereum at market dominance, higher market capitalization and adoption, Ether supporters envision “flippening” the narrative where Ethereum’s market capitalization will exceed that of Bitcoin, at some point in the future.
BLUR token sustains price rally despite nearly 50 million unlock
Blur, an NFT marketplace, unlocked 49.46 million BLUR tokens, worth nearly $32.55 million, on January 16. The token periodically unlocks tokens every month, and most previous unlocks were followed by price gains in the NFT marketplace token.
Too early to announce the beginning of the altcoin season
The bitcoin exchange rate is hovering around $43,000, up a modest 0.8% in 24 hours. This momentum is mirrored by the broader crypto market, where capitalisation has risen to $1.69 trillion. Technically, bitcoin continues to trade around its 50-day moving average.
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