Launched an asset class  digital currencies  in a wild trip in 2021. Traditionally, the goods are more volatile instruments, but they are less compared to richer Bitcoin and other Ethereum and other digital currencies and number more than 11,380 swims in cyberspace.

Opponents continue to challenge this asset class based on its nefarious uses in their view. Warren Buffett and partner Charlie Munger belong to a different generation. The two 90-year-old men described cryptocurrencies as “rat poison for the economy” and “disgusting and contrary to the values ​​of civilization.”

And many of the most vocal opponents of this relatively new asset class usually come from within governments. These individuals fear the growth of means of exchange that cross borders and threaten the traditional control of the money supply.

Proponents point to the weaknesses of governments and central banks and their manipulation, where they use currencies to expand or reduce the money supply for political rather than economic reasons. The recent situation in Afghanistan and news of China’s crackdown on the tech sector only works in favor of the cryptocurrency issue as it can be easily transferred without government interference.

Meanwhile, many of the 11,382 cryptocurrencies are nothing more than speculative and end up worthless. The best chances of survival are with the leading coins whose market capitalization has become within the critical mass of the market, making them enjoy liquidity, such as Hulu ( HOT/USD ) and Zcash ( ZEC/USD ) which are two of the best cryptocurrencies .

The stability of digital currencies after correction and movement in the form of a parabola

After the arrival  of Alpetkoan  to the highest level at $ 65.520 on April 14, he went back and fell to 28,800  dollars  on June 21. While Ethereum peaked at $4,406.50 in mid-May, it fell back to $1,697.75 in late June.

After the wild ride of the leading cryptocurrencies and their upward trend, they quickly returned to the bottom, dropping in value by more than half, and the leading cryptocurrencies stabilized and remained within the broad trading ranges. Bitcoin’s mid-point between maximum high and low is around $47,160, and for Ethereum it’s $3,052.13 per token.

As cryptocurrencies digest wild price swings, they remain bullish in late August.

Markets  Alpetkoan  and Alaithiriom  are still bullish

Bitcoin’s next weekly chart represents five consecutive weeks of gains since its rally from its lows in late June.

The weekly chart highlights the rally above $48,000 on August 24. Bitcoin tested the $50,000 mark this week for the first time since mid-May. The price is now slightly above the mid-range of the trading range and continues to trend upwards. When it closes above $48,715 on August 27, it will be the sixth consecutive week of gains.

The weekly chart of Ethereum futures shows gains for five of the past six weeks, with a margin of loss of only about $20.75 per token during the week of August 16. Consolidating at $3,205, Ethereum is slightly above the middle of its trading range on August 24th.

Increased speculation causes new issues to emerge

Cryptocurrency speculation probably dwindled when prices halved. However, speculation has increased significantly as prices have jumped over the past six weeks.

Speculators continue to comb this asset class, looking for the next coin that can generate returns such as Bitcoin,  Ethereum  and a host of other currencies over the past years. Bull markets are a magnet for those looking to increase their fortunes, and we’ve never seen a wild bull like the one in the cryptocurrency category. With over 11,360 tokens to choose from and with prices soaring, speculative fever is bound to increase. Everyone loves a bull market.

Critical mass cryptocurrencies offer the best liquidity in the asset class. Hulu (HOT) is the 65th leading digital currency in terms of market capitalization of nearly $1.8 billion. Zcash (ZEC) is slightly above (HOT) and comes in at number 64, with a market capitalization of just under $1.9 billion.

Hulu has a market value of about $1.8 billion

Hulu (HOT) is the Ethereum token that powers Hulu, a distributed peer-to-peer hosting platform for Hulu (Happ) chain applications. Users hosting HP on their PC can receive HOT tokens in exchange for using the block chain.

The Hulu Chain website highlights the protocol and says:

[“It] delivers on the promise of the blockchain via a combination of proven technology that delivers self-proprietary data, distributed database, and peer accounting.”

At $0.0104 on August 26, HOT had a market capitalization of about $1.80 billion.

The chart shows that since late April 2018, HOT has been trading as low as $0.0004 and the highest at $0.02848 per token. On August 26, the 65th cryptocurrency was flat below the middle of its trading range.

Zcash is located directly above Hulu on the value scale

Zcash (ZEC) was the 64th cryptocurrency on August 26, one point above HOT. At $149.5 per token, ZEC’s market capitalization stood at $1.88 billion.

Zcash is a digital currency with a decentralized blockchain that seeks to provide anonymity to its users and their transactions. Zcash increases user privacy by using Zero-Knowledge Proofs (ZK-) which are used to validate transactions without disclosing information that may compromise user privacy.

The Zcash website states:

Digital Currency – Fast, Secret, Low Fee. It is ideal for mobile payments. “

Since late 2016, Zcash has been trading as low as $25 which goes up to $880.76 per token. On August 26, it fell to the level of $149.5, and has been trading well below its midpoint since late 2016.

Hot and ZK are among the top 99.5% of the cryptocurrency category. With a market capitalization of $1.80 billion or higher, it provides critical mass for trading and is likely to survive the culling of the herd of more than 11,380 cryptocurrencies.