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Going forward, it's impossible to know for sure how the value will change and whether it could rise further.
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Billed as the main rival to Bitcoin, Ethereum’s rise has been nothing short of spectacular. You’ll find all the Ethereum news and guides you’ll ever need right here…
At 6am on Tuesday 9 November, Ethereum reached $4,842.54 according to Coinbase, setting a new record for the popular cryptocurrency synonymous with the rising crypto trend of NFTs.
Crypto market capital shoots to $2.34 trillion with Ethereum occupying 20% of crypto economy
Musk has been a long-time advocate of cryptocurrencies and the Tesla decision was felt across the market, with other digital tokens going down in price.
Going forward, it's impossible to know for sure how the value will change and whether it could rise further.
Bitcoin is the world’s most widely used cryptocurrency and is generally credited with bringing the movement into the mainstream.
This may sound like an over-inflated number to many, however, Shiba Inu recently showed that this is within the possibility of the cryptocurrency market. With reasonable timings assumed, $1000 in Shiba Inu would have generated investors over three million dollars.
After a proposed acquisition of Pinterest (NYSE: PINS) for $45 billion by PayPal Holdings (NASDAQ: PYPL) fell through, both companies have taken the spotlight. Jamie Louko (Pinterest): If you're looking for an established company that still has the potential to grow multiples bigger than its current size, Pinterest might be a good place to park cash. Pinterest is a social media company that helps drive inspiration and creativity in people.
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We’ve seen Bitcoin hit multiple new all-time high prices, regulatory talks with potential to have big impact on the industry, and more institutional buy-in from major companies. All the while, people’s interest in crypto has skyrocketed this year: it’s a hot topic not only among investors but in popular culture too, thanks to everyone from long-standing investors like Elon Musk to that kid from your high school on Facebook.
Clear regulation would mean the removal of a “significant roadblock for cryptocurrency,” says Wang, since U.S. firms and investors are operating without clear guidelines at the moment.