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Coinglas: Network Sells Out $168 Million in 24 Hours

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According to the report, according to the data of Coinglas, the whole network has sold out 168 million dollars in the past 24 hours, including 46111000 dollars

Coinglas: Network Sells Out $168 Million in 24 Hours

According to the report, according to the data of Coinglas, the whole network has sold out 168 million dollars in the past 24 hours, including 46111000 dollars in Bitcoin and 70822400 dollars in Ethereum.

Over the past 24 hours, the whole network sold out 168 million dollars

Analysis based on this information:


The report stated that according to Coinglas, the network has managed to generate sales of $168 million in the past 24 hours. This is a significant figure and definitely a sign of growth for the network. It is crucial because it indicates that there is an increase in adoption and confidence in the network among investors.

Out of the total revenue generated, $46, 111, 000 came from Bitcoin, which is not surprising given that it is the most well-known cryptocurrency globally, while Ethereum recorded sales of $70,822,400. The figures indicate that Ethereum continues to grow in popularity, and this is proof that the cryptocurrency is becoming mainstream.

There are several reasons behind the network’s high sales volume, especially Bitcoin and Ethereum. First, the global economy continues to suffer due to the effects of the COVID-19 pandemic, with several traditional investment vehicles, such as stocks and bonds, being impacted negatively. Thus, more investors are turning to cryptocurrencies as a more reliable store of value. Cryptocurrency is decentralized, and the network is not controlled by a central authority, making it more resistant to manipulation, censorship, or corruption. They also offer more significant returns compared to traditional investments or fiat money.

Secondly, as more significant companies and institutions such as Square, and PayPal integrate cryptocurrencies, there is more confidence in the legitimacy and viability of cryptocurrencies. Crypto is still a relatively new concept, and many people are still apprehensive about investing in them. But companies such as Square and PayPal endorsing them go a long way to reduce skepticism and encourage more adoption.

In conclusion, the sales figures reported by Coinglas are a positive indication of growth and expansion in the crypto industry. Bitcoin and Ethereum’s continued popularity is an indication of increasing mainstream adoption, and as a result, it is likely that we will see more significant investment and increased interest in cryptocurrencies in the future.

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