Trendsetters of Crypto: Bitcoin, Ethereum, and Scorpion Token – Analytics Insight
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Trendsetters of Crypto: Bitcoin, Ethereum, and Scorpion Token
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Like any industry, cryptocurrency is subject to the ebbs and flows of different trends and demands, and the sign of a strong coin is in its ability to respond and adapt to these market trends. Bitcoin (BTC) and Ethereum (ETH) have recognised the importance of leveraging trends and adapting to them throughout their time in the crypto market, and Scorpion Token (SCORP) appears to be following in their footsteps.
Bitcoin (BTC) was the first cryptocurrency, and its inception has guided the course of the crypto market immeasurably. When it was launched in 2009, it aimed to completely revolutionise finance, and it is difficult to argue that it has not done so. After centuries of finance being completely centralised and controlled by governments and banking organisations, BTC created an alternative that is completely decentralised, putting the power back in the hands of investors and their own money back in their own pockets. The demand for this was palpable as more and more people became frustrated with additional transaction fees and middlemen controlling how they could use their own money. This burgeoning trend of self-governed finance was capitalised on by BTC, and it is clear to see why they have been so successful in adapting to this trend. Since its launch, BTC has gone from strength to strength and has risen to unbelievable heights, with its all-time high being valued at nearly $69,000.
Ethereum (ETH) also has shown impressive awareness of the demands and trends within the market. As the second most dominant cryptocurrency, ETH has had to seek out ways to further appeal to the market in recognising the growing trends in order to compete with Bitcoin (BTC), and one of the ways ETH has succeeded in this is in the growing demand for more eco-conscious cryptocurrencies.
Previously operating under a Proof of Work consensus mechanism as BTC does, ETH acknowledged the criticism aimed at the harmful amount of carbon emissions created by this method and made the transition in the spring to the far more environmentally friendly Proof of Stake, joining the trend of green crypto that is willing to adapt to the needs of the future of our planet.
Scorpion Token (SCORP) is a new cryptocurrency that is still in its presale stage but recognises the need to study market trends and adapt accordingly. As it is still in development, SCORP has the unique opportunity to study the market while still being protected in the presale stage before its launch.
While Bitcoin (BTC) and Ethereum (ETH) have established themselves as stores of value and mediums of exchange, SCORP has decided to leverage the current trend of crypto with utility. As the online gambling industry is booming, by anchoring itself to a real-world application, the SCORP token can be used for crypto gambling which combines the excitement of online betting with the long-term growth potential of promising new crypto coins.
While trends in the crypto market will come and go, only the strongest of currencies will survive the down season, and it is by leveraging these trends and adopting real utility and stability that they will excel when the market rallies.
Bitcoin (BTC) and Ethereum (ETH) have such a huge hold over the market due to their revolutions and developments that adapt to the market’s needs that their position will likely remain unchallenged for some time. However, newcomers like Scorpion Token (SCORP) have been analysing the market and also aim to establish themselves as tokens of utility that capitalise on any growing trends, which suggests they will also be able to ride the wave to the very top of the market.
Presale: https://presale.scorpion.casino/
Telegram: https://t.me/scorpioncasino
Twitter: https://twitter.com/ScorpionCasino
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Disclaimer: Any financial and crypto market information given on Analytics Insight is written for informational purpose only and is not an investment advice. Conduct your own research by contacting financial experts before making any investment decisions.