Projects listed: 276 |
BTC Dominance: 51.08% | Volume (24h): $33,393,573,080 | Market Cap: $2,182,241,176,858
Bitcoin
BTC
$54,936.95
Sector
Layer 1
Exchange Debut
2009-01-09
Market Cap
1,085,108,473,243
Maxim Supply
21,000,000
Circulating Supply
19,751,887
Circ. Supply(%)
94.06%
Bitcoin
BTC
Price
$54,936.95
Market Cap
Sector
Exchange Debut
Volume 24h
High 24h
Low 24h
9711233618
55680.548394191
53783.245661687
Change 24h
Change 7d
Change 30d
1.2794
-5.753
-9.2827
Maxim supply
Circulating supply
Circulating supply(%)
21,000,000
19,751,887
94.06%
The opinion of artificial intelligence (AI), based on the fundamental analysis of the Bitcoin cryptocurrency:
Bitcoin, with its distinguished legacy, stands as a forerunner in the cryptocurrency market. Emanating from the score of 9.46 out of 10 in our comprehensive fundamental analysis of the Bitcoin cryptocurrency, it’s clear that Bitcoin’s influence continues to permeate the crypto realm, upholding its prime position.
SOCIAL & MASS MEDIA: Score 9.9 out of 10
In the social and mass media arena, Bitcoin’s presence is formidable. Its large and active follower base, coupled with regular engagement from administrators, justifies its high score. Moreover, Bitcoin’s impressive media presence and expansive communities across various chat groups reinforce its standing as the most recognized cryptocurrency.
AUDIT & SECURITY: Score 9.65 out of 10
Bitcoin’s adherence to audit and security protocols is commendable. Its high scores in audit results, public transparency, and exchange liquidity underline its dedication to security. These factors significantly contribute to Bitcoin’s overall reliability.
TOKENOMICS: Score 9.6 out of 10
Bitcoin exhibits robust token economics. Its decentralized monetary mass holds a perfect score, underlining its fundamental principle. However, the slightly inflationary nature of the project serves as a point of note for potential investors.
ECOSYSTEM DEVELOPMENT: Score 9 out of 10
In terms of ecosystem development, Bitcoin demonstrates consistent growth, with achievements aligning closely with its objectives. Future developments within the Bitcoin project will be key to maintaining its pioneering status.
TEAM & DEVELOPERS: Score 8.8 out of 10
Bitcoin benefits from an accomplished team, especially the high number of skilled software developers. However, the overall team experience could be further developed to enhance Bitcoin’s future prospects.
PRODUCT & UTILITY: Score 9.7 out of 10
With a utility-driven product and a valuable role of tokens within the ecosystem, Bitcoin provides substantial real-world value. These aspects highlight Bitcoin’s relevance and practicality, fostering its strong market position.
PARTNERS & INVESTORS: Score 9.5 out of 10
Bitcoin’s impressive array of partners and investors validates its prominence and trustworthiness within the crypto community. However, there is some potential for growth in the quality of partnerships.
Fundamental analysis of the Bitcoin cryptocurrency – The final conclusion
Having conducted a thorough fundamental analysis of the Bitcoin cryptocurrency, it is evident that Bitcoin maintains a commanding position within the crypto sphere. Its remarkable performance across a diverse array of parameters presents an attractive proposition for potential investors.
Undeniably, Bitcoin’s pioneering status and its continued influence are testament to its resilience and innovation. Its broad acceptance and strong performance, as reflected in this analysis, reconfirm Bitcoin as an integral part of the crypto market’s foundation. As such, it is expected to remain a significant player in the market, shaping the future of the cryptocurrency space.
Understanding Bitcoin: The First Cryptocurrency
Bitcoin, a decentralized cryptocurrency, was first described in a 2008 whitepaper by Satoshi Nakamoto. Initiated in January 2009, it allows peer-to-peer transactions without the need for intermediaries, paving the way for the realization of Nakamoto’s vision of direct online payments. The fundamental analysis of the Bitcoin cryptocurrency reveals its distinctiveness as the first of its kind, birthing a global community of enthusiasts and setting a precedent for thousands of other cryptocurrencies.
Bitcoin’s Impact on the Cryptocurrency Market
Since its inception, Bitcoin’s unique advantage has been its pioneering status, having inspired an entire industry now valued over $2 trillion. The principle it realized, of money transferrable globally without trusted intermediaries, has become the bedrock of the cryptocurrency market. Despite the growing competition, Bitcoin remains the largest cryptocurrency, hitting a market capitalization of over $1 trillion in 2021.
Bitcoin’s Ubiquity and Future
Bitcoin’s high value can be attributed to increasing institutional interest and the widespread platforms providing use-cases, including wallets, exchanges, and payment services. After more than a decade, Bitcoin continues to dominate the market, evidencing its continued relevance and potential for future growth.
- Latest analysis update: June 14, 2023
Bitcoin - BTC performance
GENERAL CRITERIA:
Score
SOCIAL & MASS MEDIA
0
AUDIT & SECURITY
0
TOKENOMICS
0
ECOSYSTEM DEVELOPMENT
0
TEAM & DEVELOPERS
0
PRODUCT & UTILITY
0
PARTNERS & INVESTORS
0
Content description – Go to Metholodogy
Social & Mass Media In this section was taken into consideration the intensity of the activity of the social media page of the administrators , the speed of the community growth, the user interaction with the pages and as well the number of media appearances in the most important trade publications.
Audit & Security In particular, the team looks if the project is audited, how extensive the audit is, at the bug bounty program, if it had incidents or not, at the liquidity on the exchanges and at the transparency of the information provided.
Tokenomics Under this criterion it is analyzed whether the project is inflationary or not, whether it has maximum supply, the percentage of supply released into the market at the time of the analysis, the rate of inflation per year, the distribution of supply in the portfolios as well as the vesting plan.
Ecosistem Development In this section is checked if the project has delivered on time what it proposed in the roadmap, the degree of participation in the project governance of the community, the activity and intensity of the developments published on github and what products or applications the team proposes to develop in the future.
Team & Developers It checks if the team is public, the quality of the team behind the project, the number of members on different domains, the experience in IT, finance and cryptography, the traceability of published information about team members and as well the number of developers in the project.
Product & Utility It checks if there are functional products, the number of users and the revenues generated by these products, the sustainability of the project and the usefulness offered in the cryptographic space and as well as in other fields of activity.
Partners & Investors It analyzes the partners and the degree of their involvement in the project, the capacity of investors and investment funds that can contribute substantially to the development of the ecosystem.
Go to Methodology
Content description
Social & Mass Media In this section was taken into consideration the intensity of the activity of the social media page of the administrators , the speed of the community growth, the user interaction with the pages and as well the number of media appearances in the most important trade publications.
Audit & Security In particular, the team looks if the project is audited, how extensive the audit is, at the bug bounty program, if it had incidents or not, at the liquidity on the exchanges and at the transparency of the information provided.
Tokenomics Under this criterion it is analyzed whether the project is inflationary or not, whether it has maximum supply, the percentage of supply released into the market at the time of the analysis, the rate of inflation per year, the distribution of supply in the portfolios as well as the vesting plan.
Ecosistem Development In this section is checked if the project has delivered on time what it proposed in the roadmap, the degree of participation in the project governance of the community, the activity and intensity of the developments published on github and what products or applications the team proposes to develop in the future.
Team & Developers It checks if the team is public, the quality of the team behind the project, the number of members on different domains, the experience in IT, finance and cryptography, the traceability of published information about team members and as well the number of developers in the project.
Product & Utility It checks if there are functional products, the number of users and the revenues generated by these products, the sustainability of the project and the usefulness offered in the cryptographic space and as well as in other fields of activity.
Partners & Investors It analyzes the partners and the degree of their involvement in the project, the capacity of investors and investment funds that can contribute substantially to the development of the ecosystem.
