NOVEMBER 2021 TBC2 Coin Newsletter
As the entire crypto market and Bitcoin reached a new all-time high, Ethereum followed suit and reached a new peak. For the first time the crypto market cap hit an impressive figure of $2.7 trillion, with Ethereum surpassing $4600 & gaining a massive 155% from the July low of this year.
Alongside Ethereum, many of the cryptocurrencies based on the Ethereum blockchain have seen their own highs boosting the network’s dominance.
Few factors contributed to this strong rally as supply of the coin has been falling since the London upgrade in August to Ethereum 2.0 which is changing the way the blockchain operates. The upgrade introduces a key feature, coin burning which removes ETH from circulation when each transaction on the blockchain is processed. According to the data from Etherchain.org nearly 526,600 ether coins worth more than $1.9billion have been burned since the upgrade.
Also, the recent NFT (Non fungible tokens) rush, most of which run on the Ethereum blockchain have contributed to the bullish rally.
Last but not the least, the Defi (Decentralized Finance) space has been growing exponentially with new projects adding to the board every day. Although the space is still in its infancy, the potential is just building up to go higher. Currently the DeFi market cap is only $162 billion, but with increasing mainstream adoption the potential to reach $1 trillion market capitalization is not far away.
With all the exciting developments in the crypto sectors, it’s never been a better time to be a holder of TBC2 Coin. We realized the potential of the Ethereum chain when the project was founded. Since then, the network and the user growth only contributed to TBC2 in a positive way. There was a time only tech savvy people could join Ethereum projects, however now the tools have become so user friendly anyone can join with little guidance. We are currently almost midway in Round 8, the second-last round of the ICO with a huge bonus of 50%
Let’s get a piece of the upcoming bull market and make it a great 2022!
