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Bitcoin Rival Stellar Suddenly Soars After Shock Move

From forbes.com

Bitcoin and many other major cryptocurrencies get most of their value from their scarcity–when there are fewer digital tokens, the value should increase, the logic goes. The bitcoin price, which some expect will rally next year following a cut to the mining reward supply known as a halving, has been treading water since suddenly leaping at the end of October. Now, bitcoin rival Stellar, the tenth largest cryptocurrency by market capitalization, has suddenly soared after the Stellar Development Foundation "burned" over half the digital token's supply–worth a staggering $4.7 billion. "We didn’t start by wanting to ... (full story)

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  • Category: Fundamental Analysis