Is spacefalcon (fCon) underperforming the global cryptocurrency market?

With a price decline of -11.20% in the last 7 days, SpaceFalcon (FCON) is underperforming the global cryptocurrency market which is down -3.20%. What is the market sentiment of SpaceFalcon today?

How does a cryptocurrency work?

When implemented with decentralized control, each cryptocurrency works through distributed ledger technology, typically a blockchain, that serves as a public financial transaction database. The first cryptocurrency was Bitcoin, which was first released as open-source software in 2009.

What is a cryptocurrency wallet?

A cryptocurrency wallet is a means of storing the public and private "keys" (address) or seed which can be used to receive or spend the cryptocurrency. With the private key, it is possible to write in the public ledger, effectively spending the associated cryptocurrency.

Are cryptocurrencies based on greater fool theory?

In June 2022, Bill Gates said that cryptocurrencies are "100% based on greater fool theory ". Legal scholars criticize the lack of regulation, which hinders conflict resolution when crypto assets are at the center of a legal dispute, for example a divorce or an inheritance.