JULY 2021 TBC2 Coin Newsletter
Crypto Market Adjusts
As most of the world is still battling covid the crypto market is going through its own phase of adjustment cycle. At the time of writing the entire market cap is hovering around $1.3 trillion down 47% from all time at $2.49 trillion. During the down leg the king of crypto lost almost 50% value before finding a good base near $31k. Ethereum followed suit eventually finding good support at $2000 range.
The biggest factor behind this huge market drop has been pointed to China’s intense crackdown on crypto miners. The country has been home to some of the largest mining farms which lead to a sharp drop in mining hash rate after many have gone offline for the time being. As a result, the hash rate dropped from an all-time high 178th to lows of 93rd not seen in the last 21 months. The domino effect caused the biggest difficulty adjustment seen in bitcoin mining history dropping a massive 44%. In addition, the miners started selling their bitcoin reserves to cover for the migration cost to new location and setting up their operations all over again. This also accounted for the sudden sell pressure in the market that came to manifest as the sharp decline.
The decline of the top cryptocurrency caused the big downward slide to every other crypto asset ultimately reducing the entire market cap.
Even with short term volatility, countries like El Salvador have adopted bitcoin as a legal tender and pushing for its implementation on every level of the economy while seeking technical help from the World Bank, which has been refused. On the other hand, IT services giant Microstrategy increased their bitcoin holding to 105,085 acquired for $2.741 billion at an average price of $26,080 per bitcoin, according to the CEO Michael Saylor. Suggesting good days are still ahead for the cryptocurrency market and the holders.
TBC2 Moving Strong
TBC2 Coin Business Currency Blockchain
With all that being said things are still looking bright for TBC2. We recently conducted a Q &A with one of our top affiliates and a part of the community who attended. Their enthusiasm and continued encouragement to bringing in new members and existing members repeatedly buying TBC2- especially with the huge incentive of 50% bonus from the developers in Round 8 is a good sign of forward progress. However, we as a community that has achieved epic progress since 2017 can do more to help accelerate these 2 final rounds to completion of the distribution phase. Simply, by all those who have as yet, NOT REACHED OUT to share this with others. To enable them the same God given opportunity, to benefit from the potential of this community crypto project. Please do so, list your business, receive a bonus of $1,000 in TBC2 from the developers and likewise, refer your family, friends and colleagues and get rewarded a further bonus $500 in TBC2 coins.
Here is the link to the Q & A session.
https://www.youtube.com/watch?
New Businesses Adopting TBC2
More and more businesses are becoming aware of the crypto phenomenon and how it can help them to increase revenue and efficiency. As part of the initiative TBC2 is incentivizing business owners to integrate TBC2 in their system and we’re seeing a big spike in signups like never before. The community would like to welcome some of the newest businesses who are willing to accept TBC2 as payment for their products and services.
