Bitcoin front och center 2020 Coin Metrics report

2020 har varit ett produktivt år för Bitcoin och det har korrelerat till en enorm ökning av antalet aktiva plånbokadresser i år.

Insikterna kom från kryptovalutaanalysen Coin Metrics ‚ State of the Network-rapport som skisserade de viktigaste avhämtningarna från rymden 2020. Medan Covid-19 har hamnat på ekonomier runt om i världen, har kryptovalutorummet haft en period med stor återuppkomst.

Inget mer så att Bitcoin, som har brutit sig loss från sina bojor för att sätta nya heltidshöjder 2020.

‚Return of Bitcoin‘

Huvuddelen av artikeln är centrerad kring Bitcoins återkommande år och inflytandet från institutionella investeringar som äntligen kommer in i kryptovalutautrymmet på ett meningsfullt sätt.

Artikeln nämnde betydande investeringar av sådana som MicroStrategy, Square, MassMutual och andra vanliga finansinstitut och investerare som drev ökningen i Bitcoin

Ett nyckeltal som identifierats av Coin Metrics-forskaren Nate Maddrey var antalet aktiva Bitcoin-adresser – vilket har sett en 100-procentig ökning från cirka 600 000 aktiva adresser till 1,2 miljoner.

Maddrey noterade också att Bitcoins gruvbelöning halverades 2020 med en otålig tidpunkt med pågående finanspolitiska stimulansåtgärder som används av den amerikanska regeringen.

New Efforce (WOZX) token fires 93% to reach $2.88

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The price of Efforce (WOZX) jumped from $0.10 to $2.88 in one week, a high of over 2,800%.

Efforce (WOZX), a token recently launched by Apple co-founder Steve Wozniak, saw its price skyrocket more than 28 times last week.

In the last 24 hours, the token has traded over 93% higher, jumping from $1.49 to soon be trading around $2.88.

A disadvantage is probably given from the broader market perspective, as Bitcoin and the major altcoins struggle with selling pressure. However, it is possible that the bulls still want to contribute to the epic breakout recorded for WOZX/USD. If so, highs of $4.50 are likely in the coming days.

At the time of writing, the Ethereum-based token was trading around $2.82 and performed well against Bitcoin and Ethereum as well. Its value against BTC and ETH increased by over 102% and 107%, respectively.

WOZX: Price List
The trader alias and enthusiastic cryptomedas Pumpcat shared the following chart, showing the price action Efforce last week. As can be seen on the chart, WOZX has first traded within an ascending triangle pattern.

The breakout that followed took the WOZX/USDT pair from $1.49 to $2.88 with the upside adding over $1.38 (92.53%) to the value of the token.

The price of Efforce even went up 15% in an hour amidst enormous buying pressure. Bulls should now target $3.50 and $4.00.

Chart showing the action of the WOZX price. Source: Pumpcat on Twitter

On the downside, the increasing sales pressure could send the WOZX price to the initial support area, located around $2.50. Below that area, the $2.10 and $1.80 levels offer more protection.

What is Efforce (WOZX)?
Efforce is a platform based on Ethereum and cryptomeda founded in 2019. The Malta-based project is designed to securitize energy saving projects. The WOZX token is the platform’s native digital asset, which users can earn as a reward for participating in various energy projects.

According to data from CoinGecko, the token has a 24 hour trading volume of $43.8 million and a market capitalization of $61.7 million. The total supply for Efforce (WOZX) is 1,000,000,000, with 22,153,344 of the tokens currently in circulation.

Two main exchanges currently list WOZX for trading: HBTC and Bithumb, based in Korea.