Its 9am WAT, the first day of the second week of July, 2019. Cryptocurrency market stands at a salutary market capitalization of 327 billion dollars with Bitcoin dominating at 62.1%.
The new week opens with cryptocurrency at an eye grabbing and mouth watering market capitalization with Bitcoin as usual taking the lead at 4.1 million naira ($11429) at market capitalization of 73 Trillion naira ($203 billion). At its dominance, Bitcoin is over x6 of Ethereum marketcap standing at $32 billion. Ethereum is reporting an increase of 6.34% as against Bitcoin which stands at a 1.93% on 24hour changes.
Ethereum is currently trading at over $300 which was unlike this time the previous week where it was below the $300 mark. XRP currently reports a 0.01% Red indicative of a minor loss the third largest cryptocurrency by market capitalization. Litecoin shows less that 1% gain as against bitcoin cash which reports 1.36%.
Least of the top ten cryptocurrency reporting gains is the embattled BitcoinSV with a 0.25%. Binance Coin, EOS shows over 2% increase while top gainer on this opening day is Tron wit a 9.26% rise.
With Cryptocurrency sweeping across the world, Africa is trying to move with the flow though efforts has been somewhat not meeting expectations of enthusiast. Nigeria being the populous black nation on the planet and the Giant of Africa, host a thriving population which owing to the losing faith in the Naira and the desire to exploit every avenue of self betterment, the drive into cryptocurrency has since been seeing great thrust.
According to Google Trends over the month of July 2019, the search for Bitcoin has seen a spread across the state especially the south of nigeria known to be rich in natural resources. Ekiti State of the Yoruba people tops the chart as top searches of the keyword BITCOIN.
Next is Delta State which is an oil filled state. Osun state takes the third position with Ondo being the fourth while Bayelsa neighbouring to Delta state the fifth position. Enugu, Edo, Ogun, Ebonyi, Anambra follows after.
The desire to know about cryptocurrency and blockchain is reflected on the rising search topics on Google with “Public-Key cryptography” talking lead. Play and earn is not left out of the mix as free bitcoin for video game stands at +70% as a rising search topic. “Key” as a topic is posiitoned at +60% and rising.
As cryptocurrency and blockchain continue to create avenues of making life easier via adoption, the most populous black nation on earth though its government has not expressed open interest in the technology, the citizenry are not stepping into the shadows. They are taking on the initiative in driving the growth of the technology and adoption and innovation.
The numbers of Shows, Conferences, Seminars, Tour etc going on in the country is testament to this fact. We can only hope the interest continues climbing till it gets to those in authority to bring full legitimacy to the operations of cryptocurrency in the Country. Our eyes will always be on the chat. Happy New Week, there is green everywhere.
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