China reported its plans to speedup the development of the blockchain technology industry, and this somehow castits influence on the price of the Bitcoin. The token recovered from its lowestlevels.

For whatever reason, the price ofthe Bitcoin got some positive boost with positive sentiment. And, there aremore buyers than sellers now, and this eventually drove the market higher.

With the Bitcoin price goinghigher, it has been a reason to rally for the Altcoins, including the TCATtokens, Ether, Litecoin, ZCash, and others to decent percentages.

The current price hike soundslike an act of God, manipulation by the Whales, and the influence ofChina. The market was silent about theBitcoin price crash, and it only implied that it was normal for Bitcoin to showsuch trends.

Doubters and naysayers arereworking their heads on what made the Bitcoin tick. The current price hike of the Bitcoin markeda momentous day for the token. This isone of the most significant daily increase in price in the history of theBitcoin.

Bitcoin is not about gettingrich. Several investors are into Bitcoin for reasons like their resistance tothe banks and the transaction costs, want of anonymity, and several otherreasons. It now feels right for them to see their favorite token climb theprice ladder.

On December 04, 2019, Istanbulproviding for the system-wide upgrade of the Ethereum will be arriving on themain net. The economic model behind theEthereum 2.0 states that validators will be able to make 4.6 to 10.3 percent inannualized rewards in the beginning. Thehardware cost to run the Ethereum 2.0 validator software might likely increase. The economics is all set to shift.

ProgPoW stated, “These areproposed suggestions by ethereum research, but until we roll over to Ethereum2.0, none of us will know for sure. They’re constantly tweaking it right now.It can be pretty fluid.”

Vitalik Buterin is proposingseveral new things, and it will change a lot of things if the community wouldaccept what he has to offer. He has recently suggested a reduction in thenumbers of mini-blockchains during the initial stages of deployment.

In response to lowering theshards, Myers stated, “By lowering the shard count, essentially you need tomake some other trade-off.”

The crowd mentality will unfoldwhen the reality in the upgrade sets in, and we are all set to watch it.