Review on Bitcoin by Keziah Zachariah

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Welcome to revain platform. A platform that allows Authors to share their experience on some of the projects, product or company. My today's review will be on a Crypto project.

My review will be on Bitcoin project.

Bitcoin has been the most valuable Cryptocurrency since it was introduced to the Crypto world. it was the first Cryptocurrency released as a major of store of value. Every other projects that came after bitcoin is referred to as altcoin.

Bitcoin is a valuable Crypto asset, that has been adopted as a means of making payments and also as a legal tender, since some countries like El Salvador has already adopted the Cryptocurrency as a legal tender. That is, as means of making payments. Nations like El Salvador now used bitcoin for the payments of goods and services, despite the volatility in price of the cryptocurrency.

Bitcoin is gradually getting global use, as many nations are adopting and investing on the project.

Bitcoin project like most Crypto projects as it's own token, which is available and traded on different platforms. it is available on Exchanges, Crypto wallets, investment platforms and so on. The native token of the bitcoin project is called BTC Token. The token is currently trading at $20k.

Last week Friday, BTC did a 10% price rally, that saw its price move from $20k to $22k in less than 24 hours. This was the first time the token jumped that high in a short time in two weeks. Although many did predicted that the recent performance from BTC won't last long.

Early bitcoin holders did generated their BTC token by mining. A mining site is available for bitcoin.

Bitcoin has been a top and Dominant project, with the largest market side with over $369 billion marketcap side. According to Coinmarketcap cap, Bitcoin is ranked first followed by Ethereum.

The Ethereum blockchain was initially created to cover up for the inadequacy of Bitcoin, since bitcoin is a store of value. The need for contract execution leads to the creation of Ethereum. The Ethereum project has been a long term competitor to Bitcoin. it has been predicted multiple times that Ethereum will soon taker over from Bitcoin. With the Merge sets to take place in few days time on the Ethereum blockchain, many did expect that the new upgrade on ethereum will give the project a better chance to outperform or better still to over take bitcoin.

So far, Bitcoin seems to be ahead in terms of performance and momentum as we head to the Merge.

Bitcoin is the major influential of other Cryptocurrencies. The performance of other Cryptocurrencies mostly depends on the performance of bitcoin. Bitcoin is the major whale in Cryptocurrency.

Since the Bitcoin token was launched, its ATH was $69k as of 2021, but 2022 hasn't been a good year for the Bitcoin token and other Cryptocurrencies. The profit most cryptos like bitcoin generated, as been shed off this year, due to the bear season. Although many factors did contributed to the market decline. Inflation, War, and so on are some of the reasons for the dip in price.

Some Analyst did predicted that there's hope for a bull run possibly before the end of the year. we might witnessed BTC trading at $30k and more before the end of the year. The last time BTC tried achieving more than $23k, it was rejected at that price.

Bitcoin is the major determinant of a bull or bear run.

BTC will continue to maintain it's position as a leading project in Cryptocurrency.

Although when it comes to utility, there are other projects that has more utilities than bitcoin. As bitcoin is a measure of store of value.

Bitcoin is a globally used project, the market cap is still increasing.