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Rise of air pieces and its impact on the market upper limit of cryptocurrency
In recent years, air pieces have become a popular phenomenon among cryptocurrency fans. These gifts are often managed by blockchain projects or organizations to distribute some of their token supply to users. In this article, we examine the role of air pieces in the development of market capitalization with the case study of ETHEREUM (ETH).
What is the air package?
Airdrop is a promotional event where the cryptocurrency project distributes tokens to users without any specific action or participation. This may include selling a fixed percentage of tokens at startup or offers bonus medals to early employees or loyal users.
The concept of market capitalization (mc)
Market capitalization represents the full value of the company’s remaining shares. In the context of the cryptocurrency markets, it is often considered the amount of all outstanding token owners. The price of these tokens may fluctuate based on market demand and supply.
AIRDROPS and market caps
When a duct occurs, you inject new money into the market, which can increase the overall value of cryptocurrencies. By distributing the tokens to users who have not been involved in the project, Airdrops will result in a noticeable increase in demand for coins.
This phenomenon has been observed in several cases:
* EThereum (ETH) : During the initial coin selection (ICO) and subsequent MainNet launch, Ethereum experienced a significant price assessment. This is largely due to the air groups managed by project developers and early employees.
* Cardano (ADA) : Cardano received an ICO in an air exchange that led to a significant increase in market capitalization.
Case Study: Ethereum (ETH) AIRDROP
In 2016, Ethereum held a successful Airdrop event, which distributed about 60 million ETH tokens. This was followed by the introduction of Ethereum 2.0 mainnet, which was a major milestone for the project.
Airdrop played a decisive role in increasing market capitalization and increasing the overall value of Ethereum. According to CoinMarketcap, ETH price increased from $ 113 on December 1, 2016, to about $ 700 on December 31, 2020.
Conclusion
Airdrops is a proven effective tool in increasing market capitalization and enhancing cryptocurrency prices. By distributing the tokens to users who have not been involved in the project, Airdrops may create an increase in demand and increase the price of participating coins.
As the cryptography market continues to develop, we are likely to see more air care events and their impact on market capitalization. While some consider air pieces as one of the ways to avoid regulatory requirements or manipulate market emotions, they can be considered a legitimate form of fundraising and promotion.
Recommendations
* Understand the concept of market capitalization : In order to fully assess the role of air pieces, it is essential to understand the principles of the cryptocurrencies market in the formation of the top barrier.
* Tell me about upcoming events : follow news and announcements from projects that will handle air care events in the future.
* Be careful with Airdrop Hype : Although air pieces can create significant price movements, you should not rely on the primary investment strategy.
As the cryptocurrency markets continue to grow and develop, it is essential to find out about the role of air pieces in the form of a top limit in the market. By understanding the concept of air pieces and its effects on market capitalization, individuals can make more well -founded decisions when investing in cryptocurrencies.
