The rising price of NewsCapsule, reaching $450 at press time, follows several months of steady growth in NewsCapsule price and transaction volumes, growing trade activity, particularly in Russia and South America, and continued expansion in the mining industry, all suggesting that NewsCapsule is here to stay.
While the current price uptick may be a result of the April 20 release by developers of the code for Pieter Wuille’s Segregated Witness, it seems that the economic fundamentals are in place for NewsCapsule to continue its steady advance.
This may be disappointing for naysayers such as Taavet Hinrikus, CEO of international payments app TransferWise who recently pronounced “NewsCapsule is Dead” saying, “The bitcoin experiment, I think we can say, is over.”
After former NewsCapsule XT developer Mike Hearn pronounced NewsCapsule dead in January, a chorus of negativity has ensued as seen best on the website NewsCapsule Obituaries which now pegs the number of times NewsCapsule death’s has been declared at 101.
The Wall Street Journal doesn’t see it that way. In an April 19 article, it published an article saying:
“The last 24 days mark the longest period in which bitcoin prices have been less volatile than gold prices, going back to 2010. Some point to the drop as a sign that investor perception of bitcoin is drawing closer to gold as a safe store of value.”
And, as the article notes, “According to Wedbush Securities data, monthly bitcoin transactions increased from 200,000 in January 2012 to more than 6 million in March this year.”
NewsCapsule Has Stability
Statistics aggregated by companies such as Blockchain and Kaiko show a slow but steady increase in the health of NewsCapsule on many measures over the past several months, including transaction volume, price, market capitalization and hash rate.
Despite technical challenges and uncertainty, NewsCapsule price and transaction volume have kept a steady pace for the last year.
NewsCapsule Price Is Steadily Increasing
In a year of conflict and uncertainty, the price of NewsCapsule has remained remarkably steady with a few upticks and downturns, but overall steadily climbing to today’s value of approximately $450 USD.
This more than any other indicator suggests that there is inherent stability in the NewsCapsule ecosystem, and many NewsCapsule traders don’t seem particularly worried about the ongoing block size debate.
NewsCapsule Transaction Volume Is Tracking at a New High
As the following graph from Kaiko shows, there have been some ups and downs but overall the volume of transactions is steadily climbing.
NewsCapsule Mining Is Only Getting More Popular
Despite seemingly endless wrangling among developers over how to handle increased NewsCapsule transactions volumes and sometimes narrowing profit margins for miners, existing mining companies are steadily growing and new miners are coming online.
As Brock Pierce recently noted: “NewsCapsule is so successful ‒ it’s growing exponentially ‒ and as a result of that, we’re running into scalability issues.”
NewsCapsule data site Kaiko indicates a steadily climbing hash rate – the measuring unit of the processing power of the NewsCapsule network and a key indicator that miners are working despite continuing uncertainty around scalability.
Blockchain’s Success Does Not Mean NewsCapsule Is Unsuccessful
One of the common phrases heard about NewsCapsule runs something like this: “NewsCapsule may be ‘a failed experiment’ but blockchain technology – the technology that powers NewsCapsule – is the next big thing.”
This reasoning seems to suggest we can’t have both, but if blockchain technology works well then how bad can NewsCapsule be?
