Speaking at the Bitcoin 2022 conference in Miami recently, Robinhood Chief Product Officer Aparna Chennapragada said that Bitcoin is the most purchased asset for the company so far this year. Chennapragada stated in his presentation that Bitcoin is the most purchased asset, without giving any figures.
Cryptocurrency markets entered a notable correction on April 5, with the total market cap drooping to less than $2 trillion with the outflows of funds after the total market cap had peaked above $2.15 trillion 48 hours ago.
The crypto community and industry favor Ethereum for most blockchain-based decentralized applications. But other chains may be better suited to handle the workload of decentralized autonomous organizations.
The Ethereum Foundation recently announced that it has successfully “merged” with Kiln Test Net. The Ethereum mainnet is expected to “merge” with the token chain Proof-of-Stake system soon, thereby ending proof-of-work for the ETH blockchain.
The drop in Ethereum's transaction fees has been in the news lately. These networks are becoming more affordable for users as Bitcoin and Ethereum transaction fees see their lowest levels in recent months.
Bill Barhydt, co-founder and CEO of digital payment application Abra, said that Bitcoin and Ethereum could make very serious price movements in the coming period. Stating that the two cryptocurrencies are progressing with different network effects and the network participants are increasing day by day, Barhydt stated that Bitcoin can reach 250 thousand dollars in the long term and Ethereum can reach somewhere between 30 and 40 thousand dollars in a shorter time.