The number of nonfungible tokens (NFT’s) sold on the layer-two protocol Polygon reached an all-time high last month at just short of 2 million. According to Dune Analytics, this marks a near 60% rise in comparison to November and the third consecutive monthly increase for the network.An Ethereum-based scaling solution seeking to construct, distribute and manage securities on … [Read more...] about Polygon network activity spikes as NFT sales reach new height
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Bitcoin Can Reach $100,000 in ‘Hypothetical’ Store of Value Boost, Goldman Sachs Says
Goldman estimates that the public holds about $2.6 trillion of gold for investment purposes, assuming a gold price of $1,800 per troy ounce. Bitcoin’s float-adjusted market capitalization is currently just under $700 billion, Pandl wrote, adding that this implies Bitcoin currently commands an approximate 20% share of the “store of value” (gold and Bitcoin) market. Source … [Read more...] about Bitcoin Can Reach $100,000 in ‘Hypothetical’ Store of Value Boost, Goldman Sachs Says
Salvadoran President Bukele Expects Bitcoin to Reach $100K This Year
El Salvador President Nayib Bukele foresees bitcoin reaching the long-elusive six-digit price this year amid increasing adoption as a sovereign currency.In 2022, bitcoin will reach $100,000 and two more countries will adopt the digital asset as legal tender, Bukele tweeted on Sunday, adding that the cryptocurrency will also become a major issue in the U.S. midterm elections to … [Read more...] about Salvadoran President Bukele Expects Bitcoin to Reach $100K This Year
Kevin O’Leary says his crypto holdings could reach 20% of portfolio
Shark Tank celebrity Kevin O’Leary, also known as Mr. Wonderful, says he would be ready to increase his crypto allocations up to 20% as soon as there are clearer regulations around stablecoins. O’Leary, a former Bitcoin (BTC) skeptic, is now a vocal advocate of cryptocurrency, which currently makes up over 10% of his investment portfolio. Mr. Wonderful is particularly focused … [Read more...] about Kevin O’Leary says his crypto holdings could reach 20% of portfolio
Sotheby’s NFT Sales Reach $100M in 2021
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.@2021 … [Read more...] about Sotheby’s NFT Sales Reach $100M in 2021