2021 a Banner Year for Bitcoin SV
Gaming and NFTs were definitely hot topics among the Bitcoin-literate, especially when it came to Bitcoin SV. The sheer volume of conversation on social media platforms like Twitter and Twetch shows there’s plenty of interest in the subject, writes Jon Southurst of CoinGeek.
CryptoFights (by FYX Gaming) and Haste Arcade were among the most prominent launches on the gaming front. They both demonstrated the power of BSV’s microtransaction ability/speed/cost combination.
BSV platforms like Twetch and Relica continued to grow in 2021. Twetch launched its own NFT market and token sets, as well as its 3.0 application to enthusiast users. Relica served up its first GPS features with value-drops and treasure hunts, later opening those features to all users in December.
NFT collections, along with their associated promotion, satisfied collectors looking for some speculative trading action without BSV price volatility. Even the former First Lady, Melania Trump, has gotten into the NFT game.
The BSV Blockchain continues to be at the forefront of the NFT craze.
What's not to love?
Why speculators failed betting on Bitcoin SV for now - CoinGeek https://t.co/kfgtYsI4AU
— Calvin Ayre (@CalvinAyre) December 29, 2021
Southurst points to a lack of price action.
Its own unit price peaked at US$436 in April 2021 and $423 in May but spent most of the rest of the year around the $150 mark before finishing it in the $120 range. For reference, the BSV unit price was $164 on January 1, 2021.
Fair or unfair, this seems to be the metric a lot of crypto fanatics use to determine a blockchain or digital currency's worth these days. And there is certainly an argument to be had that this is very unfair.
These values are based on speculative trading on markets shown again and again to be highly manipulated, Southurst reminds us.
"The BTC price in particular is driven mainly by large issuances of Tether (USDT), while real-world acceptance and use of BTC has been spotty. Even El Salvador, despite its valiant effort to promote “Bitcoin,” has run into several problems with transaction speed, usability, and access to technology."
- Aaron Goldstein, Gambling911.com
