Av ZyCrypto - 2 år sedan - Lästid: 3 minuter
Smakämnen Bitcoin Taproot Upgrade Did Not Have A Memorable Impact On Bitcoin’s Price – Here’s Why
Bitcoin’s Taproot Upgrade went live on Saturday after months in the making.The upgrade was expected to have a measure of impact on the asset’s pricing after going live but so far, prices have been uneventful.Bitcoin currently trades at $63,997 which is a 1.13% decrease over the last 24 hours.Det efterlängtade Bitcoin Taproot Upgrade has gone live but the asset’s pricing did not match the buzz it generated. Some analysts believe that it has already been priced into Bitcoin while others argue that the real effect lies in the future.
Smakämnen Bitcoin Taproot-uppgradering
Bitcoin’s first significant upgrade in nearly four years went live over the weekend at block 709,632 amid excitement over the improved functionalities that it heralds for the network. Improved privacy, security, and scalability are some of the features that the Taproot Upgrade brings to Bitcoin.
Enligt Alyse Killeen, “Taproot matters because it opens a breadth of opportunity for entrepreneurs interested in expanding bitcoin’s utility.” Uppgraderingen är viktig på grund av dess breda acceptans av en majoritet av intressenter, vilket står i skarp kontrast till Segregated Witness-uppgraderingen 2017 som nästan splittrade nätverket.
Apart from the improved functionalities that it offers, Bitcoin bull rubbed their hands in glee as the activation drew closer in the hopes that it could trigger a price rally. Since activation, Bitcoin’s price has largely been uneventful with prices seemingly stuck in a windless doldrum. A few days before the upgrade’s activation, Bitcoin had hit an all-time high of $68,742, följt av en snabbkrasch till $62,333 XNUMX och det förväntades att ett rally skulle inträffa efter aktiveringen.
Bitcoin currently trades at $63,997 which is a 1.13% decrease over the last one day and on the weekly charts, only a minute decline of 2.76%. Activity on the network dropped to 6.03% as daily trading volumes hover around $29 billion.
BTCUSD-diagram Av TradingViewRedan prissatt?
Bitcoin’s unimpressive prices raise the question of whether or not the upgrade has already been priced into the asset. Weeks before Taproot activated, Bitcoin had gone on to set a series of new all-time highs, coming alarmingly close to $69K with some analysts stating that the upgrade played a significant role. For Edward Moya, an analyst at Oanda, the upgrade has already been priced in and as such, it “will have a minimal impact on bitcoinpris."
En annan fraktion tror att den verkliga effekten ännu inte kommer eftersom uppgraderingen ännu inte har anammats fullt ut av användarna. Man tror att full tillämpning kan komma i början av 2022 och kommer att vara katalysatorn för ett starkt prisrally. Det hela hänger i en balans och vilar till stor del på vilken typ av inverkan det har på nätverket.
"Även om Taproot generellt sett är en positiv utveckling, är domen fortfarande ute om det kommer att göra en stor förbättring av blockchain-världen," says Hahoan Xu, CEO of Apifiny. Shortly after Segwit’s activation in 2017, Bitcoin climbed by over 50% and investors are hopeful that as a cyclical asset, history would repeat itself.
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