
Messari’s Annual Report Predicts Lunar Rise for Bitcoin, Solana, AI Tokens
Analysts at Messari also have high hopes for SOL. The digital asset has recently made a resurgence after the FTX collapse, prompting massive selloffs of the token.
Analysts at Messari also have high hopes for SOL. The digital asset has recently made a resurgence after the FTX collapse, prompting massive selloffs of the token.
The crypto industry as a whole has experienced numerous job cuts in response to poor market conditions.
The Messari CEO said firms may choose to use Bitcoin as the exit plan.
In August 2021, Messari raised $21 in a Series A funding round.
Besides Messari, the most renowned data analytics startups in the digital currency ecosystem have also received humongous capital injections over the past year.
Messari will use the tools provided by Dove Metrics to monitor top projects and technologies attracting investments in real-time.
The Messari study showed that Coinbase listings bring much more returns to investors in comparison to other exchanges like Gemini, Binance, Kraken, FTX, and OKEx.
Growing demand for BTC corresponds with evidence suggesting that it is no longer traded only by tech-savvy early adopters.
The Ethereum network is well poised to be the first cryptocurrency network to process US$1 trillion in transactions by the end of 2020.
Messari announced today the addition of DigitalBits (XDB) to the Messari Registry.
Bitcoin being tokenized on the Ethereum network will mean an increased activity in the Ether system, which has lately been related to high transaction fees.
The data from Messari shows that all the platforms built on Ethereum have a combined market cap of $63.7 billion. This is nearly 20% of the total market capitalization of the coin.
Bitcoin is going to reach $1 trillion in settlement in 2020, while stablecoins have already seen their biggest year ever. The stablecoin monetary base increased by $3.8 billion.
Bitcoin may surpass a market capitalization of $1 trillion provided that institutional investors join the market and invest a low-single-digit portfolio percentage to BTC.
ETH is far from “dead,” but over recent months, its performance has left some wondering if the cryptocurrency will ever experience gains similar to those seen in 2017 and in 2018.