The blockchain industry market size was estimated by some to reach more than $21 billion by 2025. The market capitalization of the cryptocurrency market as a whole already reaches over $1.9 trillion. An ecosystem that was once defined by its tight-knit community and exclusivity now reaches governments, businesses, institutional investors and individuals who are all becoming more positive about the evolving space.
Dogecoin (DOGE) is set to hit $0.42 by the end of the year, according to the average panel forecast in Finder’s Dogecoin price predictions report, but any increase the coin sees could be short-lived.
In fact, a vast majority of the panel (80%) thinks that DOGE is a bubble.
Tesla CEO Elon Musk and Shark Tank star Mark Cuban see dogecoin as the “strongest” cryptocurrency when it comes to using it as a means of payment. To promote the use of dogecoin further, the NBA team Dallas Mavericks will be offering “special pricing for those who pay with dogecoin.”
British detectives have seized $22.25 million from operators of an international cryptocurrency scam. Among the items seized was a USB stick containing ethereum worth $9.5 million. The police are now attempting to contact the victims of this scam to return their funds.
As the heavily debated infrastructure bill makes its way through Congress, proponents of cryptocurrencies are speaking up in the U.S. House of Representatives in an effort to combat controversial crypto legislation.
Cardano ADA has become the third most valuable cryptocurrency after a week of radical and consistent price surge.
The coin took over the number three spot after blockchain technology company IOHK developers of Cardano ADA announced the date for the Alonzo hard fork on the Cardano mainnet. The announcement on Friday helped ADA extend its recent bull run.
Facebook chief executive Mark Zuckerberg recently announced the tech giant will shift from being a social media company to becoming “a metaverse company”, functioning in an “embodied internet” that blends real and virtual worlds more than ever before.
XRP seems to be on a roll, reaching new highs in light of the bullish crypto market recently. However, this begs the question, is the SEC done with Ripple?