What does zb.com mean in the currency circle (abbreviation for the currency circle)?

08/16/2023 04:33 • NFT Newsflash • 109 views

What does zb.com mean in the currency circle? What does zb.com mean? The English name for the currency circle ZB is BingoCoin, which is a product specially developed for the blockchain industry. On December 1, 2017, the currency circle software company, Coin Circle ZD Company (formerly known as BitcoinZynX), was established and the platform was officially launched in early 2019. Currently, it has registered over 5 million users and a transaction volume of over 100 billion yuan. It started entering the exchange stage at the end of 2018. At the end of July 2020, with the surge in Bitcoin prices and the development and popularization of applications such as DeFi, the digital asset market has experienced rapid growth, but also brought some risks. For example, the volatility of cryptocurrencies is too high to meet daily payment needs, resulting in frequent issues of user fund security, and so on. Therefore, for investors, when investing in a good project, they must pay attention to the security measures of the investment to avoid property losses. (Bitcoiner)

Abbreviation for the currency circle

Editor’s note: This article is from Plain Language Blockchain (ID: hellobtc), written by a tree, and authorized reprint by Odaily Planet Daily.

2019 was the 10th anniversary of Bitcoin’s birth. From the skyrocketing price from 2013 to the record high of 2017, the ICO boom of 2018, and the DeFi boom of 2020… the entire cryptocurrency market, after experiencing a bull market, has ushered in a rebound trend and has now entered a “new era”. Although this year’s Bitcoin halving has ended, many insiders still have high expectations for the changes brought about by the halving. “This halving is undoubtedly a major positive news for the industry.” An investor told the media, “What we see is that this field is gradually maturing and gradually becoming one of the entry points for mainstream funds,” he continued, “With the passage of time, more and more new players will enter this field.” Many people believe that the halving will accelerate the development of the market and bring about a change. However, in fact, there is not much impact. However, at present, this possibility is unlikely. “Halving” does not necessarily mean that it has really happened in the market. Because once there is a sharp price drop, investors will not be able to bear the loss; if extreme conditions occur and speculative sentiment increases, it will not generate huge economic benefits or bring more risks.

In addition, some analysts have pointed out that the price of Bitcoin may just be an abbreviation, so more analysis and judgment are needed to determine whether its value really exists. Another point worth noting is that according to a recent article published by Coindesk, when Bitcoin reached its all-time high at the end of 2017, its total market value exceeded 2 trillion US dollars. From the beginning of 2018 to the present, the price of Bitcoin has increased by nearly 70%. At the end of 2017, Bitcoin once reached a high of $20,000, and then quickly fell to around $17,000. Until April 1st of this year, Bitcoin broke through the high of $30,000 for the first time. However, just two days ago, Bitcoin fell below the $10,000 mark again. At that time, many voices speculated that this price increase was driven by institutional purchases, which means that the buying power of individual investors has increased. Therefore, it can be inferred that the recent market volatility is also due to the continuous rise in institutional demand. Then, why do they do this? First of all, people should realize that Bitcoin is not just a commodity or an asset, but also a social experiment. It is used as digital gold and as a means of payment. Secondly, globalization is gradually taking shape, including giants such as Facebook and Google joining in and starting to get involved in blockchain technology. Finally, US regulatory agencies are constantly strengthening regulatory policy formulation and even announcing that they allow all states to conduct token issuance financing through virtual currency trading platforms.

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What does zb.com mean in the currency circle (abbreviation for the currency circle)?

Abbreviation for the currency circle

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