January 17 (Reuters) - Bitcoin will become a leader by 2023, will tear the crypto market off the ground and activate electric punkcurrency a new meme currency.
The #1 cryptocurrency recorded a 26% increase in January, jumping just 22% last week, surpassing the 20,000 level, and is on track for its best month since October 2021 - just before the great crypto crash.
Ether has also grown by 29% this year, which has helped raise the value of the global cryptocurrency market by more than 1 trillion Australian dollars, Kenjiku said.
"After last year's rigidity regarding cryptocurrencies, we are seeing a moderate rebound," said Jake Gordon, a columnist at Bespoke Investment Group, referring to the theory of real estate prices returning to the long-term average.
According to the researchers, investors' gambling with the deterioration of the macroeconomic image leads to a jump in dangerous assets in all respects.
Several cryptocurrencies received more than bonk, which was launched at the end of December on the Solana blockchain and increased by 5000% in early January. Since then, it has declined, although it has continued to grow by 910% since the beginning of the year.
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He is the latest character in the unstable world of coins, a cryptocurrency inspired by memes and online jokes modelled after the smiling dog Shiba Inu, similar to dogecoin, which became famous for its Elon Musk tweets.
A puppy is a punk.
Even at its peak, its value was only 0.000004873759 with a market capitalization of about 2,205 million.
Other meme labels have also raised prices: dogecoin and Shiba Inu have increased the price by 19% and 27% by 2023.
Beware of buyers.
"Investors need to be very careful when it comes to coins like dojiDoji, Shiba Inu and bank," said Les Borsay, co-founder of digital asset services company Wave Financial.
"They fall a lot when they run."
However, some market participants pointed out the poor quality of these brands - the dodges cost about eight cents - for the reason that the reviewer was willing to bet on them.
"Meme coins belong to cryptocurrencies, they are part of the culture," said Martin Lenober, digital products expert at market vector indices. "It only takes a few lines of code to create a meme icon, and if you have a community with it, people will love it."
Rumours of Saul's death offend
A bonk is a coin meme containing missions. It was created, in part, to support the Solana blockchain, which has faced a flood of currency and users since the FTX cryptocurrency exchange declared bankruptcy in November, and the Solana Solana token initially fell in price by more than 37%.
The Solana token has jumped now, but Bonk has gained momentum: by 2023, it has grown by 131%, which is the largest winner among cryptocurrencies.
"The rumours of Solana's death seem overwhelming," said Tom Dunleavy, senior analyst at research firm Messari. "Despite the recent price increase, which appears to be driven by speculation, the underlying environment is still very strong."
It's too early to talk about the return of cryptocurrency
Some researchers even hoped that inflation had increased, which reduced the need to strengthen the central bank's policy.inflation had increased, reducing
"Bitcoin and cryptocurrencies tend to bring everything together, and that's why we've been seeing significant advantages in this asset class lately," said Borsei of Wave Financial.
The movement is certainly growing.
According to the data, the dollar value of bitcoin trading volume for large transactions jumped to 1,151 million in a 7-day period, which is the highest in two months Blockchain.com.
The chain analysis data showed that the total flow of bitcoins representing all uses, including trading and payments, increased by about 13,130 bitcoins in the last 7 days, which is the largest increase in 64 days.
However, market observers warned against premature celebrations, noting that the volume of trade remains low and the macroeconomic environment is uncertain.
"It's still too early to announce the latest return to the crypto market, despite the recent strengths we've seen," said Aaron Kaplan, co-founder of Promethium, a digital securities trading platform.
"If the increase in interest rates turns out to be below market expectations, risky assets will benefit, and cryptocurrency prices may continue to rise, but there is a lot of uncertainty today."