Nietzsche once said, “Everything goes, everything comes back; eternally rolls the wheel.” Things tend to return more often than not, and the crypto world is no exception. Here are three examples:
1. Bluechip NFTs
In recent times, it’s become popular to declare that NFTs are dead. If we examine trading volumes and floor prices, there seems to be some truth to this claim.
However, there are some exceptions: Pudgy Penguins and Milady. These two collections are polar opposites in terms of themes and target audience, yet they share two similarities: their floor prices have soared in the past few months, and they both have meme coins. The potential for meme coins to bring in new users to the ecosystem is clear, and Miladies and Pudgy Penguins are already benefiting from this.
Only time will tell if their current success can be sustained. 1. Ripple
Ripple, known for its never-ending lawsuit, has managed to turn things around and create countless Ripple army members who have become wealthy. On December 11th, New York’s regulator green-lighted the launch of Ripple’s own USD stablecoin, RLUSD.
While the launch date is still uncertain, bidding wars among XRP holders have already begun. It’s worth noting that Ripple’s CTO, Joel Katz, reminded everyone that the value of the stablecoin is expected to stabilize around $1 quickly after its launch. It remains to be seen whether this will be a success or if the current excitement will fade away.
1. Quantum Computing
A few years ago, the crypto world was flooded with projects claiming that their quantum-secure chains would replace current blockchains. These projects have mostly disappeared, but the threat of quantum computing has made a comeback. Influencers and SEO enthusiasts have been spreading fear about the imminent break of the security algorithms backing cryptocurrencies.
Google’s recent launch of a “state-of-the-art” quantum chip called Willow hasn’t helped matters. Despite the hype, Willow can’t calculate, leaving many to wonder if it will truly be a game-changer. For now, at least, our Bitcoin appears to be safe from quantum computers. Fact of the Week: 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 Victorian-era Christmas Cards, check out this Guardian article.
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