Title: Nietzsche’s wheel of [memes] keeps turning: Bluechip NFTs, Ripple, and quantum computing make a comeback
As Nietzsche once said, “everything goes, everything comes back; eternally rolls the wheel of [memes].” Things often come back more often than not, and this is true for the world of cryptocurrency and NFTs as well.
In this article, we will discuss three examples of comebacks in the world of crypto: Bluechip NFTs, Ripple, and quantum computing. Story One: Bluechip NFTs
Despite claims that NFTs are dead, some collections like Pudgy Penguins and Milady have seen their floor prices soar in recent months. Both collections have also introduced meme coins, with Miladies trading around $22k and Penguins reaching a 20 ETH floor price.
The introduction of these coins could bring new people to the ecosystem or make current holders wealthier, which could ultimately be good for the NFT collections. Story Two: Ripple
Ripple has made a comeback, going from being best known for a never-ending lawsuit to making many Ripple army members rich.
With the launch of Ripple’s own USD stablecoin, RLUSD, the XRP army has started their bidding wars, despite the launch date being unconfirmed. However, Ripple CTO Joel Katz reminds people that the value is expected to stabilize around $1 quickly after its launch. Story Three: Quantum Computing
While it never really took hold, a few years ago, crypto had a phase where countless projects would spell doom for the current blockchains and then ask you to buy their coins to build a quantum-secure chain.
The projects are largely dead, but the threat of quantum computing made a comeback thanks to KOLs speaking in hyperboles and Google launching a “state-of-art” quantum chip called Willow. Despite the hype, Willow has no excuse for not being able to calculate. Takeaway: For now, our Bitcoin is safe. And also for the foreseeable future, as quantum computers remain far off.
Fact of the week: Since it’s the season to send cards again, did you know that the first Christmas Card was designed in 1843 and later auctioned for $6800? The card itself features a Victorian family enjoying their Christmas meal. For more questionable Victorian cards, check out this Guardian article.
Naomi for CoinJar
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