“Whatever rises, falls; eternally rolls the wheel of [memes]” – Nietzsche, slightly adjusted. As the German philosopher knew, things come back more often than not. In this week’s update:
1. Bluechip NFTs While some may argue that NFTs are dead, Pudgy Penguins and Milady are defying the trend with soaring floor prices.
Both NFT collections have also launched meme coins, with Miladies trading around $22k and Pudgy Penguins having a floor price of 20 ETH. 2. Ripple Ripple has made a comeback, going from a lawsuit-ridden situation to making many holders rich. Ripple’s own USD stablecoin, RLUSD, is set to launch, with bidding wars already starting among Ripple’s “army.” 3.
Quantum Computing While quantum computing never really took hold, it made a comeback with KOLs speaking in hyperboles and Google launching a “state-of-art” quantum chip called Willow. However, for now, our Bitcoin remains safe from quantum computers. 4. Christmas Cards The first Christmas Card was designed in 1843 and later auctioned for $6,800.
The card featured a Victorian family enjoying their Christmas meal. For more information on Victorian cards, check out this Guardian article. 5. CoinJar Cryptoassets Warning UK residents are reminded not to invest unless they are prepared to lose all the money they invest. This is a high-risk investment, and security algorithms backing cryptocurrencies are not expected to be broken by quantum computers for the foreseeable future.
6. Fact of the week: The first Christmas Card was designed in 1843 and later auctioned for $6,800. The card featured a Victorian family enjoying their Christmas meal. For more questionable Victorian cards, check out this Guardian article. In conclusion, while some things may rise and fall, the meme coin phenomenon continues to thrive.
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