06/07/19 07:00 UTC-4

Gemini loses 88% of market capitalization in 7 months

AMB Crypto reports that over the past seven months, the Gemini Dollar (GUSD) market capitalization has suffered an 88% decline. This is due to the growth of competitors such as Tether and Paxos.


Gemini Dollar losses for 7 months

Looking at the graph of the market capitalization of Gemini Dollar, users observe a significant price reduction. In December, the cost of GUSD was 103.91 million dollars, and now it is only 12.35 million dollars. There was a decrease in the total cost of 88.1%.

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It seems that GUSD does not attract an audience that was previously hoped for and can no longer blame the "bear market" for its recession. This situation is due to the growth of competitors such as Tether and Paxos, as well as the creation of Facebook cryptocurrency.

GUSD's market capitalization suffered an 88% decline in 7 months. Recall, on April 18, Gemini announced the addition of "full" support for the generated SegWit protocol, an important change in Bitcoin code that paves the way for scaling improvements.

Editor: Alyona Nabok

See also: "Not a joke development of a joke cryptocurrency: Dogecoin is now at Binance"

#Gemini #GUSD #capitalization #cryptocurrency



16/08/19 07:00 UTC-4

A Wall Street analyst is confident in the growth of Bitcoin

Yesterday, August 15, a prominent Wall Street analyst and co-founder of Fundstrat Global Advisors financial agency, Tom Lee, said he was confident in the imminent increase in the value of digital gold. According to an interview at Fox Business, by the end of 2019, cryptocurrency could hit a new historic high.

13/08/19 07:49 UTC-4

Ethereum cryptocurrency will be at $1000: survey results

A few days ago, on August 10, Nick Patel, a well-known trader and author of the bestseller about altcoins, conducted a social poll on his Twitter, which concerned the value of the second cryptocurrency by capitalization level – Ethereum. The results showed that more than half of the respondents are sure that the coin rate will be above a thousand US dollars.

31/07/19 05:10 UTC-4

The US Senate held a hearing on regulatory cryptocurrency issues

Following the previous hearings in mid-July, on July 30, the US Senate Banking Committee on the regulatory framework for cryptocurrencies and blockchains held a hearing entitled "Study of the regulatory framework for digital currencies and blockchain."

Fiat money, funds