Title: Blue Chip NFTs and Ripple: Memes and Comebacks
Everything comes back, and the wheel of memes continues to roll. In the world of NFTs and cryptocurrencies, some trends make a comeback more often than others. Story One: Blue Chip NFTs
In the world of NFTs, it’s become popular to say that NFTs are dead, with trading volumes and floor prices dropping for many projects.
However, some projects have bucked the trend. Pudgy Penguins and Milady are two such projects. While they have little in common, both have seen their floor prices soar in recent months, and both have introduced meme coins. Milady tokens are trading around $22k, while Pudgy Penguin floor prices have increased from 10 to 20 ETH.
The introduction of these coins may bring new people into the ecosystem or at least make current holders richer, which is also good for the NFT collections. Story Two: Ripple
Ripple has also made a comeback. After a never-ending lawsuit, the XRP coin rallied to $2.74, reinvigorating many investors.
Additionally, New York’s regulator green-lighted the launch of Ripple’s own USD stablecoin, RLUSD. The launch date has not yet been confirmed, but XRP holders are already placing bids. The XRP army is eagerly anticipating the release. Story Three: Quantum Computing
Quantum computing was once a significant threat to blockchain security.
A few years ago, many projects claimed to have developed quantum-secure chains, asking investors to buy their coins. However, most of these projects have since died. The threat of quantum computing recently made a comeback with KOLs and SEO enthusiasts warning of its imminent impact. However, Google’s launch of a “state-of-the-art” quantum chip called Willow has done little to quell the fears.
For now, Bitcoin and other cryptocurrencies remain safe from quantum attacks. Takeaway: Not all NFTs are dead, but most previous pfp collections indeed are. This may force those still around to experiment. Ripple has made a comeback, with the launch of its own stablecoin. And while the threat of quantum computing may still be a ways off, for now, Bitcoin is safe.
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