A pretty calm week in comparison to the previous ones but still interesting with the launch of an ambitious project and some surprising facts. I think it is really captivating to follow the evolution of the cryptocurrency world each week it gives us a better perspective on what could happen in the short & long term future.
Today we are talking about the Ledger project finally launched, fun fact concerning Ethereum, speculation regarding Altcoins and another fun fact involving Coca-Cola, Bitcoin & Ether (yeah you heard correctly). Let's dive straight into it.
1. The launch of Ledger Live allowing the purchase of crypto :
I have mentioned this project a few weeks ago and it has been finally launched by Ledger this week. Ledger is a society who develop Cold wallets, these wallets are more secure because your assets are being stored on a numerical device that is offline (not connected to internet) and that you can keep somewhere safe. On Cold wallets you can't buy, trade or well your assets (because you are "offline" and you can't access these services), you have to move these assets on a Hot one, as a result Ledger decided to develop a solution : Ledger Live.
It is now possible to buy 4 cryptocurrencies with this revolutionary functionality : Bitcoin, Ether, Bitcoin cash and Dash. This amazing feature was developed in collaboration with Coinify, you can buy assets via the Ledger Live Application and it will directly implement these in your numerical device. According to what Ledger stated, more cryptocurrencies will be available soon like USDT & XLM, I personally think it is a very interesting feature for people who wish to keep huge amount of crypto in a safe place and be able to buy them in the safest way possible.
2. Let's move to a fun fact, astronomical transaction fees for Ethereum transaction :
I said fun fact but fun isn't the exact word because the two people involved weren’t smiling when it happened. A first transaction of a value of 0.55 ETH (around $135) has seen its transaction fee reach the incredible amount of.. $2.6 millions and it happened a second time for a transaction of 350 ETH (around $86.500) who reached $2.64 millions in fees. It was of course a problem concerning the calculation and the handle of the fees by the network, but the explanations brought by Vitalik Buterin concerning an EIP 1559 issue didn't convince the investors who hope these issues will be avoided in the future.
3. The Altcoins season seems close :
There are some periods during which what we call the Altcoins are performing a lot more than usual, some factors indicate that this Altcoins season is already here. These figures indicate a decrease in the exchange volume of the 2 largest crypto on the market, Bitcoin's volume decreased by 5% and Ether by 2%. And others indicators concerning Altcoins growth are really positive and encouraging, for example VestChain had a growth of 205% during the last month.
Another very encouraging Altcoin that all Publish0x users begins to know well is Loopring, indeed you might have noticed it but LRC had a growth of 183% during the last month and 57% during the last week. LRC also showed higher exchange volume and more commitment than usual, and the list of Altcoins is long like WAX, Maker, Nano and way more, we should definitely keep an eye on the coins that could assert itself in the future, let's hope a lot of these don't turn into "shitcoins".
4. Let's end with a second fun fact concerning crypto & Coca-Cola :
Indeed you heard right, Coca-Cola just made its entrance in the crypto world and joined other major companies like FaceBook or Samsung. Coca just announced his partnership with Centrapay which aim to allow Coca-Cola consumer to buy Coca with their cryptocurrency assets. This ambitious feature will be possible through special distributors, designed like regular ones but which work differently.
Basically a user has to use the Sylo Smart Wallet Application, it includes over 100+ different assets and it works like that : a user chooses his drink, he scans the QR Code of his wallet and the transaction is carried out with the corresponding amount directly from his wallet. Although this feature will only be available in New-Zealand and Australia, Coca will try to expend it in the entire world because they believe crypto and its blockchain technology. I thought it was an interesting news and I wanted to share it with you, lets see what the future stores for us.