{"id":2498,"date":"2020-08-25T20:32:29","date_gmt":"2020-08-25T18:32:29","guid":{"rendered":"https:\/\/satt-token.com\/blog\/?p=2498"},"modified":"2022-03-15T11:51:23","modified_gmt":"2022-03-15T10:51:23","slug":"crypto-highlights-week-34-its-now-cheaper-to-buy-one-bitcoin-than-to-buy-a-single-defi-token-yfi","status":"publish","type":"post","link":"https:\/\/satt-token.com\/blog\/archives\/2498","title":{"rendered":"Crypto Highlights Week #34 \u2013 It\u2019s Now Cheaper to Buy One Bitcoin than to Buy a Single DeFi Token YFI"},"content":{"rendered":"<p><b>Crypto Highlights: <\/b><i>DeFi and Ethereum high fees create a \u2018perfect storm\u2019, YFI DeFi token surges pass Bitcoin price, Ethereum miners kick against block rewards reduction, Grayscale\u2019s Bitcoin bullish insight: These and more in this week\u2019s market sentiment.<\/i><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-2504\" src=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/08\/1.png-2.jpg\" alt=\"\" width=\"700\" height=\"368\" title=\"\" srcset=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/08\/1.png-2.jpg 1024w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/08\/1.png-2-300x158.jpg 300w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/08\/1.png-2-768x404.jpg 768w\" sizes=\"auto, (max-width: 700px) 100vw, 700px\" \/><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_32 counter-hierarchy counter-decimal ez-toc-grey\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\">Table des mati\u00e8res<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" style=\"display: none;\"><label for=\"item\" aria-label=\"Table des mati\u00e8res\"><i class=\"ez-toc-glyphicon ez-toc-icon-toggle\"><\/i><\/label><input type=\"checkbox\" id=\"item\"><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1'><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/satt-token.com\/blog\/archives\/2498\/#Headlines_Of_The_Week\" title=\"Headlines Of The Week\">Headlines Of The Week<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/satt-token.com\/blog\/archives\/2498\/#Top_Stories_Of_The_Week\" title=\"Top Stories Of The Week\">Top Stories Of The Week<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/satt-token.com\/blog\/archives\/2498\/#Warren_Buffett_Changes_Mind_on_Gold_He_Will_Panic-Buy_Bitcoin_at_50K_Says_Max_Keiser\" title=\"Warren Buffett Changes Mind on Gold: He Will Panic-Buy Bitcoin at $50K Says Max Keiser\">Warren Buffett Changes Mind on Gold: He Will Panic-Buy Bitcoin at $50K Says Max Keiser<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/satt-token.com\/blog\/archives\/2498\/#Monthly_Reports_from_Pantera_Capital_Indicates_People_Should_Get_Out_of_Fiat_Money_In_Order_To_Protect_Their_Wealth\" title=\"Monthly Reports from Pantera Capital Indicates People Should Get Out of Fiat Money In Order To Protect Their Wealth\">Monthly Reports from Pantera Capital Indicates People Should Get Out of Fiat Money In Order To Protect Their Wealth<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/satt-token.com\/blog\/archives\/2498\/#Its_Now_Cheaper_to_Buy_One_Bitcoin_than_to_Buy_a_Single_DeFi_Token_YFI\" title=\"It\u2019s Now Cheaper to Buy One Bitcoin than to Buy a Single DeFi Token YFI\">It\u2019s Now Cheaper to Buy One Bitcoin than to Buy a Single DeFi Token YFI<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/satt-token.com\/blog\/archives\/2498\/#More_from_Top_Stories\" title=\"More from Top Stories\">More from Top Stories<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/satt-token.com\/blog\/archives\/2498\/#OMG_Price_Doubles_as_DeFi_and_Record_Ethereum_Fees_Create_Perfect_Storm\" title=\"OMG Price Doubles as DeFi and Record Ethereum Fees Create \u2018Perfect Storm\u2019\">OMG Price Doubles as DeFi and Record Ethereum Fees Create \u2018Perfect Storm\u2019<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/satt-token.com\/blog\/archives\/2498\/#Shock_Ethereum_Miners_Against_Proposal_to_Reduce_Block_Rewards_by_75\" title=\"Shock: Ethereum Miners Against Proposal to Reduce Block Rewards by 75%\">Shock: Ethereum Miners Against Proposal to Reduce Block Rewards by 75%<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/satt-token.com\/blog\/archives\/2498\/#SaTT_What_is_a_Suitable_Budget_for_a_SaTT_Campaign\" title=\"SaTT: What is a Suitable Budget for a SaTT Campaign\">SaTT: What is a Suitable Budget for a SaTT Campaign<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/satt-token.com\/blog\/archives\/2498\/#This_Weeks_Market_Sentiment\" title=\"This Week\u2019s Market Sentiment\">This Week\u2019s Market Sentiment<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/satt-token.com\/blog\/archives\/2498\/#Grayscale_Bitcoin_Market_Looks_Like_2016_Before_Historic_Bull_Run\" title=\"Grayscale: Bitcoin Market \u2018Looks Like 2016, Before Historic Bull Run\u2019\">Grayscale: Bitcoin Market \u2018Looks Like 2016, Before Historic Bull Run\u2019<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/satt-token.com\/blog\/archives\/2498\/#Crypto_Meme_of_the_Week\" title=\"Crypto Meme of the Week\">Crypto Meme of the Week<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Headlines_Of_The_Week\"><\/span><b>Headlines Of The Week<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li style=\"font-weight: 400;\"><strong>The past week saw the native token for Omisego Network doubling as Ethereum fees led some investors to look to layer 2 solutions.<\/strong><\/li>\n<li style=\"font-weight: 400;\"><strong>Warren Buffett recently changed his mind about gold as an investment, prompting some people to think that he might do the same with Bitcoin.<\/strong><\/li>\n<li style=\"font-weight: 400;\"><strong>According to the Grayscale report, the currency Bitcoin Market \u2018Looks Like 2016, Before Historic Bull Run\u2019.<\/strong><\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Top_Stories_Of_The_Week\"><\/span><b>Top S<\/b><b>tories Of The Week<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Warren_Buffett_Changes_Mind_on_Gold_He_Will_Panic-Buy_Bitcoin_at_50K_Says_Max_Keiser\"><\/span><a href=\"https:\/\/news.bitcoin.com\/gofrom\/most_popular\/warren-buffett-gold-panic-buy-bitcoin-50k\" target=\"_blank\" rel=\"noopener\"><b><i>Warren Buffett Changes Mind on Gold: He Will Panic-Buy Bitcoin at $50K Says Max Keiser<\/i><\/b><\/a><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-2505\" src=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/08\/20.jpg\" alt=\"Crypto Highlights\" width=\"700\" height=\"475\" title=\"\" srcset=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/08\/20.jpg 1400w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/08\/20-300x204.jpg 300w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/08\/20-1024x695.jpg 1024w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/08\/20-768x521.jpg 768w\" sizes=\"auto, (max-width: 700px) 100vw, 700px\" \/><\/p>\n<p><span style=\"font-weight: 400;\">Warren Buffett recently changed his mind about gold as an investment, prompting some people to think that he might do the same with bitcoin. In times past, the billionaire investor had been very expressive about his unwillingness to hedge his wealth with gold. He preferred to buy shares of good companies.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This is probably changing as Buffett\u2019s company Berkshire Hathaway, revealed on Friday that it had dumped bank stocks and took a position in a gold miner; Bitcoin proponents are of the view that the Oracle of Omaha may consider investing in <\/span><a href=\"https:\/\/markets.bitcoin.com\/crypto\/BTC\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Bitcoin<\/span><\/a><span style=\"font-weight: 400;\"> which he has made no secret of disliking.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Among other twitter speculators, Max Keiser sees Buffett\u2019s gold investment as positive for Bitcoin. He maintained that Buffett will start panic-buying the cryptocurrency at $50,000.&nbsp;<\/span><\/p>\n<p>Warren Buffett and cryptocurrenty; always a very interesting subject. This deserves a top spot in this crypto highlights.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Monthly_Reports_from_Pantera_Capital_Indicates_People_Should_Get_Out_of_Fiat_Money_In_Order_To_Protect_Their_Wealth\"><\/span><a href=\"https:\/\/cryptodaily.co.uk\/2020\/08\/pantera-capital-fait-money\" target=\"_blank\" rel=\"noopener\"><b><i>Monthly Reports from Pantera Capital Indicates People Should Get Out of Fiat Money In Order To Protect Their Wealth<\/i><\/b><\/a><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-2506\" src=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/08\/pantera-1.png\" alt=\"Crypto Highlights\" width=\"700\" height=\"366\" title=\"\" srcset=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/08\/pantera-1.png 1636w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/08\/pantera-1-300x157.png 300w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/08\/pantera-1-1024x536.png 1024w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/08\/pantera-1-768x402.png 768w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/08\/pantera-1-1536x804.png 1536w\" sizes=\"auto, (max-width: 700px) 100vw, 700px\" \/><\/p>\n<p><span style=\"font-weight: 400;\">The basic highlight of <\/span><a href=\"https:\/\/cryptodaily.co.uk\/2020\/08\/former-vp-team-robin\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Pantera capital&#8217;s<\/span><\/a><span style=\"font-weight: 400;\"> most recently released monthly <\/span><a href=\"https:\/\/medium.com\/@PanteraCapital\/two-centuries-of-debt-in-one-month-pantera-blockchain-letter-july-2020-f876b43448a2\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">report<\/span><\/a><span style=\"font-weight: 400;\"> is that fiat money is losing its value and people should get out of it. The report emphasizes the mass of debt in the United States given the pandemic of COVID-19 taking over the world and collapsing the world&#8217;s economies.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">They also pointed out that \u201c&#8230; the United States printed more money in June than in the first two centuries after its founding&#8221;. Last month, the US budget deficit-864 billion-was larger than the total debt incurred from 1776 through the end of 1979.\u201d&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">But when it comes to Bitcoin and other cryptocurrencies, there is no inflation and with this, there is no need for inflation-adjusted numbers. Other than Bitcoin, gold appears to be another relatively reliable alternative store of value.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Its_Now_Cheaper_to_Buy_One_Bitcoin_than_to_Buy_a_Single_DeFi_Token_YFI\"><\/span><a href=\"https:\/\/www.coindesk.com\/defi-yfi-bitcoin-yearn\" target=\"_blank\" rel=\"noopener\"><b><i>It\u2019s Now Cheaper to Buy One Bitcoin than to Buy a Single DeFi Token YFI<\/i><\/b><\/a><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-2508\" src=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/08\/4-1.jpg\" alt=\"Crypto Highlithts\" width=\"700\" height=\"467\" title=\"\" srcset=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/08\/4-1.jpg 1920w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/08\/4-1-300x200.jpg 300w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/08\/4-1-1024x683.jpg 1024w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/08\/4-1-768x512.jpg 768w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/08\/4-1-1536x1024.jpg 1536w\" sizes=\"auto, (max-width: 700px) 100vw, 700px\" \/><\/p>\n<p><span style=\"font-weight: 400;\">It appears that the explosive growth of decentralized finance along with the recent fallback in BTC has propelled the price of a single YFI to be passed that of Bitcoin. <\/span><a href=\"https:\/\/www.coingecko.com\/en\/coins\/yearn-finance\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">CoinGecko<\/span><\/a><span style=\"font-weight: 400;\"> explained that YFI increased by 35% in the past 24 hours and is presently trading at nearly $13,500. Meanwhile, Bitcoin has fallen back below $11,800.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">What is interesting is that YFI only launched four weeks ago \u2013 initially trading at just $32; it surged to $400. Note that it is the price of one YFI that is more than one <\/span><a href=\"https:\/\/www.coindesk.com\/price\/bitcoin\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">BTC<\/span><\/a><span style=\"font-weight: 400;\"> and the overall market value of Bitcoin continues to be vastly greater.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Also, CoinGecko&#8217;s comprehensive pricing data shows that&nbsp; YFI is the only token priced above BTC although generally there are other tokens priced above Bitcoin. Frankly, YFI is the only one with notable trading volume.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"More_from_Top_Stories\"><\/span><strong>More from Top Stories<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"OMG_Price_Doubles_as_DeFi_and_Record_Ethereum_Fees_Create_Perfect_Storm\"><\/span><a href=\"https:\/\/www.coindesk.com\/omisego-price-defi-ethereum-fees\" target=\"_blank\" rel=\"noopener\"><b><i>OMG Price Doubles as DeFi and Record Ethereum Fees Create \u2018Perfect Storm\u2019<\/i><\/b><\/a><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-2511\" src=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/08\/OMG.jpg\" alt=\"Crypto Highlights\" width=\"700\" height=\"394\" title=\"\" srcset=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/08\/OMG.jpg 1280w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/08\/OMG-300x169.jpg 300w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/08\/OMG-1024x576.jpg 1024w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/08\/OMG-768x432.jpg 768w\" sizes=\"auto, (max-width: 700px) 100vw, 700px\" \/><\/p>\n<p><span style=\"font-weight: 400;\">The past week saw the native token for OMG Network doubling as Ethereum fees led some investors to look to <\/span><a href=\"https:\/\/www.coindesk.com\/layer-2-blockchain-tech-even-bigger-deal-think\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">layer 2 solutions<\/span><\/a><span style=\"font-weight: 400;\">. <\/span><a href=\"https:\/\/www.coingecko.com\/en\/coins\/omg-network\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">CoinGecko data<\/span><\/a><span style=\"font-weight: 400;\"> shows OMG tokens have increased by 115% from $1.70 to $3.65 in the past seven days \u2013 with the price surging by 30% in the past 24 hours.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The rally means OMG&#8217;s market cap has surged by approximately $275 million since this time last week. OMG&#8217;s price has increased by nearly 1,000%. Denis Vinokourov, research head at crypto exchange BeQuant, told CoinDesk that OMG Network was benefitting from a &#8220;perfect storm&#8221; of industry-wide developments.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The craze around DeFi \u2013 a subset that has exploded to well over $6 billion \u2013 has seen a surge in activity on Ethereum, leading to soaring fees. Consequently, investors are looking to layer 2 solutions.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Shock_Ethereum_Miners_Against_Proposal_to_Reduce_Block_Rewards_by_75\"><\/span><a href=\"https:\/\/ct.com\/8vk9\" target=\"_blank\" rel=\"noopener\"><b><i>Shock: Ethereum Miners Against Proposal to Reduce Block Rewards by 75%<\/i><\/b><\/a><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-2514\" src=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/08\/eth.jpg\" alt=\"Crypto Highlights\" width=\"700\" height=\"400\" title=\"\" srcset=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/08\/eth.jpg 700w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/08\/eth-300x171.jpg 300w\" sizes=\"auto, (max-width: 700px) 100vw, 700px\" \/><\/p>\n<p><span style=\"font-weight: 400;\">Ethereum miners have slammed the new Ethereum improvement proposal <\/span><a href=\"https:\/\/github.com\/ethereum\/EIPs\/pull\/2878\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">(EIP)<\/span><\/a><span style=\"font-weight: 400;\">-2878 with sharp criticisms following the August 11 proposal. The developers of the EIP want to block rewards to be slashed by 75%, from 2 ETH per block down to 0.5 ETH.&nbsp; Rationale behind this EIP is to bring Ethereum\u2019s inflation rate closer to that of <\/span><a href=\"https:\/\/cointelegraph.com\/bitcoin-price-index\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Bitcoin\u2019s<\/span><\/a><span style=\"font-weight: 400;\">, hence preserving ETH\u2019s purchasing power.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Proponents of the EIP, ConsenSys Managing Director John Lilic, and Ledger\u2019s Global Head of Client, Success Jerome de Tychey gave this proposal along with an explanation on the Ethereum Magicians forum.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Miners did not resist to air their opinions as they called out the proposal. This suggests that instead of the proponents of the proposal to be more interested in the network\u2019s security, they are focused on investors\u2019 interests.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"SaTT_What_is_a_Suitable_Budget_for_a_SaTT_Campaign\"><\/span><a href=\"https:\/\/satt-token.com\/blog\/2020\/08\/14\/what-budget-is-suitable-for-my-satt-campaign\/\"><b><i>SaTT: What is a Suitable Budget for a SaTT Campaign<\/i><\/b><\/a><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-2513\" src=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/08\/Satt-1.jpg\" alt=\"Crypto Highlights\" width=\"750\" height=\"278\" title=\"\" srcset=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/08\/Satt-1.jpg 851w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/08\/Satt-1-300x111.jpg 300w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/08\/Satt-1-768x284.jpg 768w\" sizes=\"auto, (max-width: 750px) 100vw, 750px\" \/><\/p>\n<p><span style=\"font-weight: 400;\">Advertising is a front runner growth tool utilized by most companies and businesses to market their business products and increase their market share. SaTT combines the two basic types of advertising roles: <\/span><a href=\"https:\/\/thisisarray.com\/traditional-vs-digital-advertising\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">traditional marketing<\/span><\/a><span style=\"font-weight: 400;\"> and <\/span><a href=\"https:\/\/www.tapinfluence.com\/blog-what-is-influencer-marketing\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">influencer marketing<\/span><\/a><span style=\"font-weight: 400;\">, then provides an attractive incentive model on the blockchain.&nbsp;&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">A key aspect of the SaTT advertising ecosystem is that advertisers are in charge of the metrics they want to see, for example, advertisers are at liberty to choose the price per clicks, views, shares, comments, etc.&nbsp;<\/span><span style=\"font-weight: 400;\">&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">More Interestingly, cryptocurrency <a href=\"https:\/\/satt-token.com\/\">SATT<\/a> which powers the SaTT solution will be getting an exchange listing in a month&#8217;s time and will be freely traded. This move is in line with their core effort to make SaTT a globally accessible blockchain-based product.&nbsp;<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"This_Weeks_Market_Sentiment\"><\/span><b>This Week\u2019s Market Sentiment<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Grayscale_Bitcoin_Market_Looks_Like_2016_Before_Historic_Bull_Run\"><\/span><a href=\"https:\/\/ct.com\/8vk7\" target=\"_blank\" rel=\"noopener\"><b><i>Grayscale: Bitcoin Market \u2018Looks Like 2016, Before Historic Bull Run\u2019<\/i><\/b><\/a><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-2510\" src=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/08\/gray.jpg\" alt=\"Crypto Highlights\" width=\"700\" height=\"394\" title=\"\" srcset=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/08\/gray.jpg 1200w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/08\/gray-300x169.jpg 300w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/08\/gray-1024x576.jpg 1024w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/08\/gray-768x432.jpg 768w\" sizes=\"auto, (max-width: 700px) 100vw, 700px\" \/><\/p>\n<p><span style=\"font-weight: 400;\">Crypto fund manager, Grayscale Investments reported that the current Bitcoin <\/span><a href=\"https:\/\/cointelegraph.com\/bitcoin-price-index\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">(BTC)<\/span><\/a><span style=\"font-weight: 400;\"> market structure reflects that of early 2016 before it began its historic bull run. <\/span><a href=\"https:\/\/cointelegraph.com\/tags\/grayscale\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Grayscale<\/span><\/a><span style=\"font-weight: 400;\"> also projected that the demand for Bitcoin will increase as inflation hits the roof. This emphasizes the need for a scarce monetary commodity, bolstering the use-case of the cryptocurrency.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The Report highlights a number of on-chain pointers showing a growing interest in crypto and noting an increase in long-term holding over short-term speculation, amid historic lows for the number of Bitcoin held on exchanges. The fund manager also noted that daily active addresses are at their highest level since 2017\u2019s all-time highs<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Crypto may be the way forward especially when considering the US&#8217; addictive reliance on quantitative easing (money printing) to stay afloat.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Crypto_Meme_of_the_Week\"><\/span><strong>Crypto Meme of the Week<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-2509\" src=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/08\/8.png-1.jpg\" alt=\"Crypto Highlights\" width=\"750\" height=\"1000\" title=\"\" srcset=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/08\/8.png-1.jpg 1668w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/08\/8.png-1-225x300.jpg 225w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/08\/8.png-1-768x1024.jpg 768w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/08\/8.png-1-1152x1536.jpg 1152w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/08\/8.png-1-1536x2048.jpg 1536w\" sizes=\"auto, (max-width: 750px) 100vw, 750px\" \/><\/p>\n<p>We hope you enjoyed this week&#8217;s edition of crypto highlights . For a peek at our last edition of crypto highlights &amp; blockchain news, click <a href=\"https:\/\/satt-token.com\/blog\/2020\/08\/17\/crypto-highlights-week-33-everything-from-last-week-you-dont-want-to-miss\/\">here<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Crypto Highlights: DeFi and Ethereum high fees create a \u2018perfect storm\u2019, YFI DeFi token surges pass Bitcoin price, Ethereum miners kick against block rewards reduction, Grayscale\u2019s Bitcoin bullish insight: These and more in this week\u2019s market sentiment. Headlines Of The [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":2507,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[47],"tags":[],"class_list":["post-2498","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-stories"],"_links":{"self":[{"href":"https:\/\/satt-token.com\/blog\/wp-json\/wp\/v2\/posts\/2498","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/satt-token.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/satt-token.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/satt-token.com\/blog\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/satt-token.com\/blog\/wp-json\/wp\/v2\/comments?post=2498"}],"version-history":[{"count":2,"href":"https:\/\/satt-token.com\/blog\/wp-json\/wp\/v2\/posts\/2498\/revisions"}],"predecessor-version":[{"id":11048,"href":"https:\/\/satt-token.com\/blog\/wp-json\/wp\/v2\/posts\/2498\/revisions\/11048"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/satt-token.com\/blog\/wp-json\/wp\/v2\/media\/2507"}],"wp:attachment":[{"href":"https:\/\/satt-token.com\/blog\/wp-json\/wp\/v2\/media?parent=2498"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/satt-token.com\/blog\/wp-json\/wp\/v2\/categories?post=2498"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/satt-token.com\/blog\/wp-json\/wp\/v2\/tags?post=2498"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}