Bitcoin loses top rank on CoinMarketCap index Since it's inception, 2008, Bitcoin has maintained the highest 24 hour volume. No other altcoin has eve
Bitcoin loses top rank on CoinMarketCap index
Since it’s inception, 2008, Bitcoin has maintained the highest 24 hour volume. No other altcoin has ever come close. However, history has been made on April 1st 2020, when Bitcoin was officially taken over. With a 24 hour volume of $41,758,500,000, as compared to Bitcoin’s$33,075,387,209, Toilet Paper Token , has officially pasted Bitcoin on the the CoinMarketCap.com index.
During times of panic and turmoil, the financial industry has taken a beating and so has Bitcoin. Bitcoin losing that top rank is proof of that.
What is Toilet Paper Token?
TPT utilizes smart contracts to confirm number of rolls purchased by users. Holding TPT, allows investors to purchase toilet paper online to avoid exposure to the Toilet paper run. TPT holders will be the preferred customers to receive stock, should stores run out of stock.
TPT Initial Scattering Offering
1 TPT = USD $1.64
Market crap: $85,583,000,000
Total supply: 8 billion
Scattering supply: out of stock
Future Price OF TPT
As you can see in the chart above, when TPT was release early April 1 2020, it dipped below it’s initial Token Tissuance price of $1.64 USD. However, it regained it’s position just below its initial price, only to take a double u drop and rise. However, investors should not be worried because this dip created a double u, which tell us this is classic “butt” signal. The “butt” signal usually indicates a crazy bull run, thus we advise investors to load up as much as possible. As the bull run has just began
Will Bitcoin Regain its Supremacy?
What will happen next to Bitcoin is anybody’s guess. Prices have recovered a bit but the risk to the downside is still present. There is also the possibility of a huge increase in prices. The Bitcoin halving is nearly upon us and usually, that has a favourable impact on the price. If Bitcoin does not increase in price, at least we have TPT.
With the current social/economical environment around the world, everybody needs some humor in order to cope with current situation. Stay smart and safe!!