Mar 1, 2021
How to effectively hoard coins when Bitcoin is soaring?
On August 2, 2018, Apple won the world’s first laurel with a market value of more than one trillion US dollars. The crypto market has staged a new story after more than two years. On the evening of February 19, 2021, Bitcoin continued to surge, and its market value successfully passed the US$1 trillion mark.
According to Asset Dash data, as of 19:00 on February 21, 2021, the current price of Bitcoin is about 57,600 US dollars, with a market value of 1.07 trillion US dollars, rising to the sixth place in the global asset market value. At the same time, the number of crypto assets included in the CoinMarketCap is 8,532, and the total market value has reached 1.7 trillion US dollars.
As the price of Bitcoin continues to rise, more and more giant companies are beginning to announce that they are considering Bitcoin as one of the effective asset allocation methods. Recently, Elon Musk said in an interview that he supports Bitcoin and believes that Bitcoin will soon be generally accepted by the traditional financial professionals. Musk said that many of his friends have been trying to persuade him to buy and sell Bitcoin for many years. He added that he should have bought bitcoin 8 years ago and admitted that he was late in the feast of bitcoin transactions.
At the same time, crypto investors are full of confidence towards the future of Bitcoin. Well-known analysts tweeted that Bitcoin’s rise is more sustainable than before because the giants are actively buying or hoarding Bitcoin, rather than selling or making a profit. This has further strengthened the foundation for Bitcoin’s rise.
There are indications that the wave of institutional investors is coming.
Under this general environment, some people are hoarding coins quietly, some are buying coins, while some are considering. Nevertheless, Bitcoin is so popular, are we eligible for it? Everyone wants to ‘play’ in this Bitcoin market, but the premise is to choose the right project and stock up the right coin.
The NGK project has been well-known in the blockchain market for the past two years, it can completely compete with Bitcoin. The NGK blockchain was developed by the Silicon Valley’s top blockchain team, namely the Spirit Stone team. It is a blockchain project developed based on the vast physical industry market. In terms of core financial operations, NGK implemented practical application scenarios and distributed funds into the physical industry to empower the operation of token market, creating a community made from millions of traditional entities.
The advantage of NGK lies not only in the market size of its vast physical industry, it vigorously develops the ecological market to promote the long-term stability of NGK. In addition to creating the native tokens NGK and USDN, NGK has also created the BGV governance tokens, SPC token, VAST tokens, as well as projects such as Dapp games — Calling Hippo, Baccarat mining, NGK ecological starry sky project, etc. NGK has never stopped since its emergence. Besides, it has been continuously promoting the development of the blockchain industry with its own strength, and from the current performance of NGK, it is believed to have great prospects.
