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Cryptocurrency News Articles

Bitcoin Overtakes Silver For The Second Time In Two Days

Nov 17, 2024 at 11:35 pm

Bitcoin briefly became the 8th-largest asset in the world yesterday when its market cap reached $1.752 trillion, overcoming the market cap of silver.

Bitcoin Overtakes Silver For The Second Time In Two Days

Bitcoin Price Today: BTC Surges Past Silver Market Cap Again

Bitcoin briefly became the 8th-largest asset in the world on Monday (November 14, 2022) when its market capitalization reached $1.752 trillion, surpassing the market cap of silver which sat at $1.726 trillion at the time.

This was a major step in Bitcoin’s mission to rival gold and become actual digital gold, finally justifying the title that it has been carrying for years now. While the market cap of gold is still 10 times higher, BTC is on its way back up, with its price currently sitting at $89.66k after a 21% increase in the last 24 hours.

Bitcoin Price Last Attempt At $90k Failed, But It’s Bouncing Back

Despite correcting briefly after its last attempt to hit $90k, Bitcoin once again bounced back up, and is ready to try again. Whether or not it will succeed this time remains to be seen over the next few hours, but if it does, it might permanently replace silver as the 8th largest asset in the world.

In the meantime, many investors are preparing for the prolonged bull run by investing in high-potential assets that have yet to reach their peak, such as Crypto All-Stars (STARS).

Whales Are Investing Heavily In Crypto All-Stars, Here’s Why

Crypto All-Stars is a new meme coin token that captured the attention of market participants thanks to its new staking platform. The project quickly became a unique investment opportunity after it presented a new staking smart contract called MemeVault — the first multi-coin smart contract in the crypto industry, aimed at meme coins.

Simply put, unlike other smart contracts that only let you stake the native token of the project that created the contract, MemeVault supports over a dozen meme coins. Within it, you can stake Dogecoin, Shiba Inu, Pepe, Floki, Brett, Mog, Milady, Turbo, Toshi The Cat, Coq Inu, Bonk, as well as its native STARS token.

Because of this, the project has the potential to become the center of meme coin staking, and allow those with major meme coin portfolios to stake all of their cryptos in one place. Right now, only these 13 meme coins are supported, but the project’s developers said that they plan to expand the list of supported cryptos after launch.

JOIN THE STARS ICO NOW

In the meantime, the token remains in its presale stage, currently selling for only $0.0015618 apiece. Its ICO raised over $3.5 million as of the time of writing, and the figure keeps growing. You can join too, and buy STARS with USDT, ETH, BNB, DOGE, SHIB, PEPU, FLOKI, or credit/debit cards. After that, you can either stake your STARS, or add any other of the supported meme coins, and engage in highly-rewarding, accessible, and convenient staking of meme coins, all in one place.

Original source:disruptafrica

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