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Brainers (BRAINERS) is a cryptocurrency launched in 2024. BRAINERS has a current supply of 371.00M with 0 in circulation. The last known price of BRAINERS is 0.540522078581 USD and is -0.037144306296 over the last 24 hours. It is currently trading on active market(s) with $311,424.83 traded over the last 24 hours. More information can be found at .
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Updated Apr 21, 2024 4:25 pm
Mkt Cap $0
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Ripple CTO Highlights XRP's 1,500% Growth Over Seven Years
Ripple CTO Highlights XRP's 1,500% Growth Over Seven Years
According to U.Today, Ripple's Chief Technology Officer, David Schwartz, recently emphasized the 1,500% growth of XRP over the past seven years. This statement was made in response to a user who alleged a loss on their seven-year XRP holding. Schwartz countered by stating that XRP was trading at approximately $0.033 seven years ago. If an investor had retained their XRP assets over this period, they would have seen a growth of 1,500%, equating to an annual percentage yield of 47%. The user's claim of purchasing XRP for the past seven years was later clarified to be partially incorrect, as they had bought XRP in January 2018, following its drop from all-time highs of $3.84. XRP, the seventh largest cryptocurrency by market capitalization, has primarily underperformed in recent years. It is one of the few cryptocurrencies that did not reach all-time highs during previous and current bull cycles. The Securities and Exchange Commission's lawsuit against Ripple in December 2020, coupled with the 2022 bear market, has reduced XRP's value. Since its peak in January 2018, XRP has lost more than three-quarters of its market value, disappointing investors and enthusiasts. Despite these challenges, including regulatory scrutiny and market volatility, XRP remains among the top 10 cryptocurrencies by market capitalization. Schwartz's focus on XRP's 1,500% growth may not accurately reflect its past success, but it could signal its potential. At the time of writing, XRP had increased by 3.12% in the previous 24 hours to $0.5172, outperforming the top 10 cryptocurrencies in terms of daily gains.
Apr 21, 2024 4:22 pm
Angola Implements Law Banning Cryptocurrency Mining Amid Energy Concerns
Angola Implements Law Banning Cryptocurrency Mining Amid Energy Concerns
According to U.Today, Angola's 'Law on the Prohibition of Cryptocurrency and Other Virtual Asset Mining' officially came into effect on April 10. The law criminalizes cryptocurrency mining, with potential prison sentences ranging from 1 to 12 years. The legislation is aimed at combating organized cryptocurrency mining networks and protecting the national electrical system from the significant electricity demands of mining operations. The Angolan lawmakers approved the proposal to ban and criminalize cryptocurrency mining on Feb. 28. The law targets individuals caught mining cryptocurrencies with computer systems and associated equipment, imposing severe penalties, including imprisonment. The law was enacted due to concerns about the strain on the national electrical system caused by cryptocurrency mining activities. Mining operations reportedly consume about 9.6 MW of electricity daily, equivalent to the needs of 3,000 households, impacting domestic electricity supply stability. Despite Angola's installed electricity production capacity of 6,200 MW per day, efficient energy distribution remains a challenge, especially considering the current daily demand of 5,500 MW. In other news, Bitcoin experienced its fourth-ever halving event on April 19 upon reaching its 840,000th block. This milestone triggers a reduction in mining rewards, cutting them in half from 6.25 BTC to 3.125 BTC per mined block moving forward. The Bitcoin halving is a programmed process embedded in the Bitcoin protocol, occurring approximately every 210,000 blocks, which translates to roughly every four years. This mechanism is designed to control the issuance of new Bitcoins, gradually decreasing the rate of supply to maintain scarcity and adjust for the growing network's adoption and mining capabilities.
Apr 21, 2024 4:21 pm

Frequently Asked Questions

  • What is the all-time high price of Brainers (BRAINERS)?

    The all-time high of BRAINERS was 0 USD on 1970-01-01, from which the coin is now down 0%. The all-time high price of Brainers (BRAINERS) is 0. The current price of BRAINERS is down 0% from its all-time high.

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  • How much Brainers (BRAINERS) is there in circulation?

    As of , there is currently 0 BRAINERS in circulation. BRAINERS has a maximum supply of 371.00M.

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  • What is the market cap of Brainers (BRAINERS)?

    The current market cap of BRAINERS is 0. It is calculated by multiplying the current supply of BRAINERS by its real-time market price of 0.540522078581.

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  • What is the all-time low price of Brainers (BRAINERS)?

    The all-time low of BRAINERS was 0 , from which the coin is now up 0%. The all-time low price of Brainers (BRAINERS) is 0. The current price of BRAINERS is up 0% from its all-time low.

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  • Is Brainers (BRAINERS) a good investment?

    Brainers (BRAINERS) has a market capitalization of $0 and is ranked #2910 on CoinMarketCap. The cryptocurrency market can be highly volatile, so be sure to do your own research (DYOR) and assess your risk tolerance. Additionally, analyze Brainers (BRAINERS) price trends and patterns to find the best time to purchase BRAINERS.

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