Hello MarketShalians, Welcome to another edition of MarketShala’s Weekly Crypto Digest. As our regular readers know, under the midweek blog we keep you updated with our view point on topics related to crypto currency and the latest and important news of the week. Be it the crypto market or the stock markets, the situation of all is bad worldwide. After Donald Trump became the president, there was a hope in the markets across the world that he would be a boon for the world of crypto currencies, but it does not seem that anything like this is happening. There is a bloodbath going on in the crypto markets and nobody knows when it will stop. Investors are losing money in crypto. The condition of investors who have invested in meme coins is even worse because a big question has arisen whether these coins will ever get back to their old price due to the lack of any fundamental projects or strength in them?
Due to the policies of the current U.S. government, a situation like a tariff world war has arisen. It is understandable that markets across the world are suffering but American markets too are witnessing a huge decline. Some information is also indicating the possibility of America going into recession. So is this a well thought out strategy being played by Donald Trump to make America go into recession? They say that they see the U.S. moving ahead in the long term but the question is at what price and what is the guarantee that this will happen? Well, coming back to our topic, let us see what the crypto world is saying and also we will explore a new and slightly unknown crypto coin Hedera Hashgraph (HBAR).
Table of Contents
Weekly Crypto Digest – This Week’s Top Crypto News
1. Bitcoin ETF Approval Rumors
There is a discussion about the approval of Bitcoin ETF (Exchange-Traded Fund) in the U.S. Although, this is good news but its positive impact is not visible on Bitcoin. So is this just a rumor or is there any truth in it? Analysts believe that if this happens, then opportunities will open up for institutional investors to invest in crypto and its positive impact can be seen on Bitcoin.
2. Ethereum’s Shanghai Upgrade
The market has received the Shanghai upgrade regarding Ethereum and this is also a positive update due to which ETH stackers will be able to withdraw their locked ETH and this will increase both ETH liquidity in the market and confidence on the Ethereum network.
3. Ripple vs. SEC Case
The battle between Ripple and SEC is now moving towards its end. If Ripple wins in this, then it will become an example for the crypto world and on the other hand, it will also help and give strength to other cryptocurrencies.
4. Growing craze of CBDCs
The trend of Central Bank Digital Currencies i.e. CBDS is increasing. Many countries of the world like India, China and EU are engaged in developing their own CBDCs. This development has the potential to put a big change in the global financial system.
5. Comeback of NFT Market
The NFT market, which had shown a slowdown in the last few years, is now seen gaining strength again. The trading volume of NFT has increased by 20%. The performance of collections like Bored Ape Yacht Club is seen to be quite good.
Weekly Crypto Digest – Hedera Hashgraph (HBAR) – A Hidden Gem?
This week, we will talk about Hedera Hashgraph (HBAR). This is a cryptocurrency and we see a lot of potential in it. Its performance has potential to surprise the world in the coming times. This is a unique cryptocurrency; let’s try to understand it in detail.
What is Hedera Hashgraph (HBAR)?
Hedera Hashgraph is a decentralized public network that uses a consensus algorithm called Hashgraph. It is a completely different system from traditional blockchains. It uses a directed acyclic graph (DAG) structure which makes transactions faster and more efficient. Hedera’s goal is to create a secure and scalable platform where decentralized applications (dApps), micropayments and enterprise solutions can be developed.
Pros of Hedera Hashgraph (HBAR)
1. Speed: Hedera is capable of handling 10,000+ transactions per second (TPS), which is a lot compared to Bitcoin and Ethereum.
2. Low Fees: Transaction fees are quite low on Hedera, usually it comes less than $0.01.
3. Energy Efficient: Hedera’s Hashgraph algorithm backs energy efficiency by being more energy-efficient than Bitcoin’s Proof-of-Work (PoW).
4. Enterprise Partnerships: Hedera has partnerships with companies like Google, IBM, and Boeing. This is a big development that shows the credibility strength of Hedera.
5. Governance Model: Hedera is governed by a council of 39 leading organizations, this helps in maintaining transparency.
Cons of Hedera Hashgraph (HBAR)
1. Centralization Concerns: Some critics say that Hedera’s governance model is slightly centralized, which is contrary to the backbone vision of decentralization of the cryptocurrencies ecosystem.
2. Competition: Hedera will get tough competition from blockchains like Solana, Avalanche, and Polygon, all of which are established and well-known coins.
3. Low Awareness: Hedera is a newcomer as compared to Bitcoin and Ethereum, and still very few people know about it.
What do investors say?
Investors have a cautious but optimistic approach to Hedera Hashgraph. Its unique technology, low fees, and enterprise partnerships give it a strong fundamental strength. But its centralization and competition from other similar coins are a matter of concern for investors. However, institutional interest is growing, and some funds and companies are beginning to explore its potential.
What Role will Hedera Hashgraph (HBAR) Play in the Future?
Hedera Hashgraph has entered the crypto space with a strong fundamental approach and has the potential to revolutionize it. It appears to be solving issues such as scalability, energy efficiency and low fees, which has the potential to become a strong contender in the coming times. However, this cryptocurrency is an asset class that is highly volatile and do not spare even a set leader like Bitcoin. Therefore, like every investment, investors should proceed with investment only after doing thorough research and gaining knowledge.
Conclusion
Every week something new happens in the world of crypto. This week too, like every time, we shared with you the main and latest updates of the week. In our coin discussion of the week, we shared with you our viewpoint about Hedera Hashgraph (HBAR), which is a rising star. If you are interested in crypto, then you should definitely keep Hedera in your watchlist. For the next week as well, we will bring more interesting updates and analysis which will keep you updated in the world of cryptocurrency.
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