It’s been nearly a month since the GameStop saga came to a head with a high of nearly $500 per share, but the story is far from over.
In my Part 1 of my series on meme stocks, I explained how Elon Musk is using the new communication form of Internet memes to drive up the price of both Dogecoin and Bitcoin.
Top 5 Digital Assets Ranked by our Analysts
|Name||Current Price||Our Rating|
|Bitcoin||$ 47,211.56 (-5.21%)|
|Litecoin||$ 176.29 (-8.66%)|
|Ethereum||$ 1,507.41 (-5.65%)|
|Basic Attention Token||$ 0.63 (+6.03%)|
|USD Coin||$ 1.00 (-0.04%)|
Not that it was really worth covering at the time, as some fear, uncertainty, and doubt from the Federal Reserve was the last thing on my mind as bitcoin fell on Monday, but here’s the article including comments from U.S. Treasury Secretary Janet Yellen, who previously chaired the Fed.
What a difference a day makes, or, in this case, a weekend. Happy Monday, everybody.
The launch of cryptocurrency ETFs could bring an inflow of new money into the digital asset markets, which could lead to new all-time highs for many digital currencies and tokens.
Crypto art is an emerging market that revolves around digital artworks traded on blockchains as non-fungible tokens (NFTs). Each piece of crypto art is unique and represented by an NFT with its own value.
There’s no doubt in my mind that financial markets are in a bubble right now. The thing is that when you’re in a bubble, it’s very difficult to know what fair value may be, or when it might burst.
“If bitcoin gets too popular or becomes a threat the governments will ban it.”
-Every nocoiner out there
Elon Musk has big ambitions.
We’d like to start out today by wishing all our readers in the U.S. a very happy Presidents Day, but more importantly, we wish for you to stay warm.