The latest state of the cryptocurrency market in the world
According to Iran Economist, citing Crypto, Billy Marcus, who created Dogecoin with Jackson Palmer in 2013, said about the price of Bitcoin on Twitter that Bitcoin can still reach the long-standing goal of $100,000.
Markus, who goes by the Twitter moniker “Shibtoshi Nakamoto,” was quite ironic in his tweet as he explained what he sees as the main driver of Bitcoin.
He says that 2022 has shown that Bitcoin is neither a store of value nor an inflation hedge.
Based on this year’s events, Marcus believes that bitcoin is more of a “speculative toy for gamblers and scammers.”
Over the past three years, famous investor Tim Draper predicted that Bitcoin would reach $150,000 by 2023. He explained the reason for the high speed of Bitcoin acceptance around the world, although later, he increased his bet to $250,000 for each Bitcoin. The investor still stands by his prediction of $250,000, but now expects that huge price increase to happen next year.
The total value of the global digital currency market is currently estimated at 794.14 billion dollars, which is 0.02% lower than the previous day. Currently, 40.08% of the total digital currency market is owned by Bitcoin, which has decreased by 0.04% in one day.
The total volume of the digital currency market in the last 24 hours is 19.18 billion dollars, which has decreased by 29.78%. The total volume in decentralized finance is currently $1.40 billion, which is 7.29% of the total 24-hour cryptocurrency market volume. The volume of all stablecoins is now $16.98 billion, which is 88.49% of the total 24-hour cryptocurrency market volume.
Cryptocurrency price update (up to 08:08 EST)
This category contains the price changes of the 10 largest digital currencies in terms of market capitalization.
1- Bitcoin
Price: $16,533.50
Price changes in the last 24 hours: 0.07% decrease
Price changes in the last week: 0.12% decrease
2- Ethereum
Price: $1193.28
Price changes in the last 24 hours: 0.10% decrease
Price changes in the last week: 0.15% decrease
3- Tether
Price: $0.9997
Price changes in the last 24 hours: 0.00% decrease
Price changes in the last week: 0.00% decrease
4- USD coin
Price: $1.00
Price changes in the last 24 hours: 0.01% decrease
Price changes in the last week: 0.01 percent decrease
5- Binance Coin
Price: $244.72
Price changes in the last 24 hours: 0.26% decrease
Price changes in the last week: 0.22% decrease
6- Ripple
Price: $0.3378
Price changes in the last 24 hours: 0.09% decrease
Price changes in the last week decreased by 0.91%
7- Cardano
Price: $0.245
Price changes in the last 24 hours: 0.20% decrease
Price changes in the last week: 0.04% increase
8 – Dogecoin
Price: $0.06967
Price changes in the last 24 hours: 0.24% decrease
Price changes in the last week: 1.94% increase
9- Polka dot
Price: $4.29
Price changes in the last 24 hours: 0.20% decrease
Price changes in the last week: 0.58% decrease
10- Solana
Price: $9.88
Price changes in the last 24 hours: 0.63% decrease
Price changes in the last week: 1.55% increase