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It now costs ‘a Big Mac’ to use the Bitcoin Network

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Bitcoin’s (BTC) price rallied in October, gathering investors’ and cryptocurrency traders‘ attention. This has increased the demand for the Bitcoin Network, making transaction fees surge to more than the price of a Big Mac. Finbold retrieved data from mempool.space on November 7 about the average fees paid to the Bitcoin Network in the last 144 blocks (24 hours). Notably, users have paid an average of 0.00017510 BTC ($6,08) in fees per transaction and 0.5796 BTC ($20,131) per block. Bitcoin miners have collected 983.46 BTC ($34.16 million) in mining rewards in this period. Bitcoin network reward stats (144 blocks). Source: mempool.space Interestingly, the average fees per transaction surpassed the average price of a Big Mac in the United States. One Big Mac was priced at $5.58 USD in July 2023, according to the Big Mac Index by The Economist . Why are Bitcoin network fees increasing? Cryptocurrency ChatGPT predicts price of XRP for January 2024 ...
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Crypto Analyst Says Ethereum-Based Altcoin To Go Much Higher, Updates Outlook on Bitcoin and dogwifhat

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A widely followed cryptocurrency analyst believes one (DeFi) token in the Ethereum (ETH) ecosystem is setting up for a push to higher levels. The analyst pseudonymously known as Credible Crypto tells his 405,200 followers on the social media platform X that the native asset for the stablecoin-focused decentralized exchange Curve DAO (CRV) is “going so much higher” after entities locked a total of 900 million CRV. “That’s nearly one-third of all CRV that will ever exist (3.3 billion maximum supply) and 43% of existing supply. Most will be locked in perpetuity. That means one-third of all the CRV that will ever exist (43% of current total supply) has essentially been ‘burned’ and taken off the market forever.” CRV is trading at $0.281 at time of writing. Turning to Bitcoin (BTC), the widely followed analyst sees the flagship crypto asset witnessing more downside moves. “I don’t think this correction is over yet, but I do...
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ChatGPT predicts Tron (TRX) price for start of 2024

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Tron (TRX) is among the cryptocurrencies making waves in the market in recent months, achieving key milestones for its on-chain metrics. After gaining almost 100% in the past year, the valuation of TRX remains a key area of focus for the crypto market, especially considering the network’s increased activity, which is likely to influence adoption. With a spotlight on the value of TRX, Finbold consulted the generative artificial intelligence (AI) platform ChatGPT, designed by OpenAI, to offer insights into how the token might trade in the future. Indeed, the query focused on both speculative bullish and bearish scenarios for Tron on January 1, 2024. To begin with, ChatGPT cautioned about the challenges of predicting cryptocurrency price s, noting that the sector is notoriously volatile. Prices are subject to various influences, including market sentiment, regulatory developments, technological advancements, and macroeconomic trends. Speculative bullish scenario According to the...
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