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Crypto Week 632

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If you bought a £1000 worth of bitcoin on Monday 15th February, it would be now worth £1158 on Saturday 20th February.

Buy and Trade different cryptocurrencies on cex.io a London based cryptocurrency trading platform.

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THIS WEEK IN CRYPTO

The Bticoin bull run continues with it passing $55k, with it being reported that Bitcoin is surpressing the value of gold. Can wide scale adoption put the crypto into six figures?

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Chainlink’s explicit goal is to create an Economically Fair World, as a part of this they have announced a Chainlink Community Grants program, with more information available on their blog

As Ether passes the $2000 mark it is showing its strength, Ether provides the decentralised framework for many alt coins, with a move to proof of stake on the cards could bring further alt season

Since January Cardano ADA has nearly tripled it’s market cap from $11bn to $28bn. It is a scalable competitor to Ethereum and offers technological improvements with a solid team  of developers

This weeks whale watch we saw 220 million XRP worth about $122 million move from coinbse. The transaction fee of 20 XRP is about $10, crypto transcends traditional fiat monetary systems

IOTA have brought on board the Rust software engineer Antoni Dikov and Karolis Petrauskas a computer scientist charged with onsensus and other distributed algorithms

This week youtuber NSXTRA released a video “Idiot Spends $1.8 million of Bitcoin on old Hondas” A perfect illustration for stacking sats. thanks for the expensive lesson NSXTRA

Polkadot is up 938% this year and is currently is the fourth largest cryptocurrency according by market capitalisation, this is a network that is reported as undervalued.

To finish off the week Bitcoin a trillion dollar market cap, it’s still just under halfway to Apples $2.18 trillion dollar cap, but is already passing long established financial players

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NEXT WEEK IN CRYPTO

Will Bitcoin keep it’s bull run going and hit $60k? Which major company or brand are about to integrate cryptocurrencies and distributed ledger technologies?

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