Ethereum.com is listed for sale on a marketplace called Uniregistry Market for about $10 million
Crypto market is the biggest buzz word in the online world, every one is talking about it, according to google trends, Cryptocurrencies topping the list of search traffic, everyone wants to know about it, with that much traffic demand for premium domain names in the crypto world also increased. According to the latest news in the market, Bloomberg mentioned that Ethereum.com is listed for sale on a marketplace called Uniregistry Market for about $10 million. In October, eth.com sold for $2 million — possibly the highest price for a crypto-related monikers, according to Domain Name Journal. Many of the sites with names referencing bitcoin and ether, the two biggest digital currencies, could have been registered for as little as $10 not too long ago.
The unfettered euphoria I see around bitcoin/cryptocurrency/blockchain reminds me a lot of the atmosphere I saw in the period preceding the dotcom bust around 2001,” said Ron Jackson, editor and publisher of Domain Name Journal. “However, dotcoms came back and had bigger years than ever in the mid 2000s, so even a bursting bubble isn’t necessarily a final death knell for a given asset.”
The number of cryptocurrency-related domain-name sales in the $1,000 range and up has already reached into several hundred this year, up from only a few dozen last year. Cryptonews.com sold for $50,536 in August, while cryptobank.com netted $125,000 in April. Bitcoincash.org sold for $48,888 in July and bitcoin.casino sold for $28,000 in March, Jackson said.
Crypto related domain names ae on the rise these days, as demand for these domain names increasing by the day because investors sees value in the domain names, with heavy online traffic and market buzz they can make good return on their investments.
Crypto Market cap reached $275 billion
Market cap of crypto currencies reached the level of $275 Billion after a spike on 4rth July 2018, Bitcoin maintaining its dominance at 42% , making it the biggest crypto currency in the world.
Bitcoin price currently trading at around $6700 after a 3% spike in the price , making it jump from $6500 to $6700 within minutes, analysts are predicting that this recent upside movement in crypto market in weak and need to sustain these levels in order to attract more buyers, otherwise overall bearish market is still in control.
$7000 is a key level for Bitcoin
$7000 is very important level for bitcoin according to many technical analysts, If it breaks above $7000 and stays there then chances are that upside move will be healthy, otherwise bear will look forward to take control of the situation again.
Switzerland merging Cryptocurrencies with conventional banking
Switzerland is on the right track to become a Crypto nation and country is making efforts to allow cryptcocurrencies to fully access conventional banking .
Bitcoin and other crypto currencies has taken a big hit in brutal bear market of 2018 but that’s not stopping Switzerland to allow cryptocurrencies to fully access conventional banking system within the country. Switzerland is currently in progress and drafting rules and regulations for such collaborations.
Heinz Tännler, Swiss expert & finance director of Zug canton, told media earlier that politicians were moving to allow crypto companies to work with banks, adding that Switzerland’s central bank, financial supervisor and federal government “are willing to help”.
He said: “We hope to clarify relationships by the end of the year at the latest.
“Time is pressing, other jurisdictions such as Malta and Singapore are very active and making a lot of effort to attract these companies. The lack of access to bank services is a significant competitive disadvantage.”
“We have to push certain national institutions to resolve this problem quickly and effectively, but that now seems to be going well.”
Blockchain becoming the global phenomenon
The concept of Blockchain is interesting and attractive for all the countries, many countries may disagree on the existence and usage of cryptocurrencies, but all of them agree with the fact concept of blockchain is not going anywhere and governments can benefit from this technology in various fields, but if you ask any expert of blockchain, he would tell you that success of Blockchain technology has to be linked with existence of crypto currencies, without crypto currencies, and ecosystem can’t exist, many governments around the world are slowly recognizing the fact and Switzerland is definitely on the right track if they allow crypto currencies to work in collaboration with the Banks, because many banks around the world are not allowing crypto currencies to offer services through them, but this initiative will open many doors in that regards.
Crypto market stabilizing gradually
Crypto market is stabilizing around $450 billion market cap after gradual increase in overall value in recent weeks.
Leading crypto currencies are on the rise, lead by Bitcoin, Ethereum, Bitcoin Cash and Ripple. Although increase in bitcoin value is less as compared to other crypto currencies but overall market is on rise with current market of $440 billion.
Bitcoin is currently hovering around the $9300 mark after being rejected at $10000 mark couple of times in last days, Ethereum is on the charge as well but the most surprising one is Bitcoin cash. Bitcoin cash was at $600 couple of weeks ago and now at $1600, shows rapid growth in recent weeks.
Crypto currency of the month has to be EOS, investors of EOS are enjoying a massive rise in value in past few weeks, EOS started April at $5 mark and now is at $18 , value of EOS increased more than 3 times within one month.
Current top 5 crypto currencies
- Bitcoin : $9388
- Ethereum: $741
- Ripple: $0.83
- Bitcoin Cash: $1630
- EOS: $18.28
News8 months ago
News8 months ago
Bitcoin on Mars?
Interviews7 months ago
Interview with Neil Stanley about the world of crypto currencies
Interviews7 months ago
A wall street veteran’s take on Cryptocurrencies
News7 months ago
IOTA is the next Bitcoin
News6 months ago
Vitalik Buterin owns 500000 Ethereum
News8 months ago
Total market cap of crypto currencies drops below $300 billion
Research6 months ago
New World Order 2.0 : Thoughts about Blockchain Technology and Bitcoin