Bitcoin is the global most traded crypto currency in the world and in the crypto space. There has not been a token or coin that has rival bitcoin since it was launched on the 3rd of January 2009. We have seen the rise of other coins like Ethereum, Litecoin, Binance coin, Dogecoin and so on but they could not take down the top G (bitcoin) as I like to call it from its number spot in the crypto market.
Bitcoin is so popular that everyone has heard of it, even users that are not in the crypto space and don't know anything about how crypto works have heard the word Bitcoin. Bitcoin was so influential it got Elon Musk, owner of Twitter, SpaceX and Tesla to accept payment for customers to purchase a Tesla car some years back. There is no doubt this crypto currency has helped a lot of people financially and has also helped some countries' economies.
Bitcoin has gotten so much power in the crypto market that it affects the price of almost all the tokens in the market whenever the price goes up or down. Bitcoin has got its good side and bad side as most people have been found committing scams with the coin, extorting people off their token promising they will see an increase in profits but in the end they gain nothing and lose it all. It has also been on the radar of the US government as they want to put more regulations on the coin.
It's high time users in the crypto space look above owning a bitcoin and check out other tokens and stable tokens in the market. There are a lot of stable tokens doing pretty well today in the market, just take a look at RUNE token which has gained a lot of momentum in the market this past few weeks. It has got a lot of people talking and some have invested in the token for the coming bull run because it could be a huge deal when the bull market comes next year.
HBD is another stable token which is doing well in web3 and outside web3. HBD has gone so far that it's now being accepted as payment in Cuba and some parts of South America. I still don't get why HBD was delisted from Binance but it won't stop the token from breaking boundaries and becoming one of the most influential tokens in web3. Some users in the crypto space are more worried about getting bitcoin and storing them up before the bull run than checking out other promising tokens.
This is the best time now to study other tokens and invest before the bull run. Users should look behold top tokens like bitcoin and invest in tokens that have a project and the plan going forward in the future. The crypto space is vast and not many know their way round it but thanks to Hive it has been easier for most users in the space to navigate their way in the crypto world and make wise decisions in investing in a token. There's still a lot to learn but as we hit the coming bull run I hope users make the right decisions.
So guys that will be all for now. Thanks for stopping by and have a good evening.