What does the launch of the mainnet mean? Will the coin price rise when the mainnet launches?

08/16/2023 03:12 • Crypto & Markets • 103 views

What does it mean when the mainnet launches? In the currency circle, the launch of the mainnet is a very important issue. But for many people, this word sounds a bit unfamiliar. Generally speaking, after a project goes online, many people will pay attention to it and participate in it, and then they will go to understand its rules or some other things, thus gaining a lot of attention.

So if we understand it as the main network of the coin, what should be done is to first give a specific point in time, so that everyone knows what this concept is, right?

For example, some exchanges need to do such things as a company, and today they begin to issue their own tokens. And there are many exchanges in the market that have announced that they will launch their own tokens in the near future. These platforms are actually engaged in promotion, and they have also specially designed a set of tools to help users register new accounts and conduct business such as trading these digital assets, which can attract more funds, technical or management personnel to come in and provide services.

So what exactly is “mainnet launch”? Simply put, it means that all the code is open source, and there is no centralized institution that can interfere with its operation. Therefore, what does the launch of the mainnet mean for the coin?

Will the coin price rise when the mainnet launches?

There is an old saying in the currency circle: do not easily believe any big V (influential figures), and wait for the mainnet to launch to know what it is. Many people ask, will the mainnet launch lead to a price increase? My answer is yes, but currently there is no easy prediction of the mainnet launch time on the market, or the mainnet launch time does not necessarily point to market price fluctuations. Therefore, from a technical analysis perspective, we should still focus on spot trading rather than futures contracts.

If you think this statement is correct, you can directly refer to the following image:

https://bitcoin.com/newsboard/The mainstream market trend this year is that the price of Bitcoin and gold rose on the day the mainnet launched. So when the price reaches, why is it now below $1? It is because investors are often more sensitive to digital currencies at this time and are also prone to panic. Therefore, a very important influencing factor may occur in the coming period, which is the proximity to the launch of the mainnet!

Today, let’s talk about the trend after the mainnet launch.

1. Bitcoin falls below the $10,000 mark; 2. Gold plummets;3. Gary Gensler, the chairman of the U.S. Securities and Exchange Commission, announces that the cryptocurrency company Coinbase will cease operations.

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What does the launch of the mainnet mean? Will the coin price rise when the mainnet launches?

Will the coin price rise when the mainnet launches?

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