Hello there 👋
How are the festivities in your neighborhood?
Yes, we’re supposed to take this time as well to enjoy the holidays with family.
But you know how the saying goes… “Never let crypto surprise you like Santa sneaking down the chimney.” (We just came up with that 😆).
Anyway, Solana has been the new crypto market baby, posting really hefty gains—let’s not even talk about the different Solana meme coins roaming the market.
Here are the hottest narratives from last week
- Analysts Predict Continued Growth for Cryptocurrency Despite Challenges
- Grayscale CEO Predicts $30 Trillion Inflow With Spot BTC ETF
- Solana’s SOL Rallies Past $100, Continuing Torrid Month
- Bitcoin will close 2023 as one of the top-performing assets, up 160% — Kaiko
Analysts Predict Continued Growth for Cryptocurrency Despite Challenges
Despite a challenging 2023, analysts predict nearly one billion crypto users by 2024. Bitfinex reports that global crypto ownership rose from 432 million to 575 million in 2023, potentially growing to 850-950 million if bullish market trends persist.
Grayscale CEO Predicts $30 Trillion Inflow With Spot BTC ETF
Grayscale Investments CEO Michael Sonnenshein predicts a spot Bitcoin ETF could attract $30 trillion to the crypto market. In a CNBC interview, he notes rising market optimism and potential expansion of BTC investment to new groups.
Solana’s SOL Rallies Past $100, Continuing Torrid Month
Solana Labs ($SOL) made headlines on Saturday as its price surpassed $100, significantly impacting the crypto market rankings. SOL has now overtaken Ripple ($XRP) and Binance Coin ($BNB), becoming the 3rd largest crypto asset by market capitalization.
Bitcoin will close 2023 as one of the top-performing assets, up 160% — Kaiko
Kaiko Research forecasts Bitcoin will outshine most traditional assets by year-end, with a 160% rise in 2023 despite economic challenges. Only a few, like NVIDIA Corp with a 241% jump, surpass Bitcoin Inc.’s 163% gain.
Other highlights worth mentioning
- Base Strikes a Chord with Sound.xyz and Mints Its First NFT-Based Single – Bitdegree
- Ethereum’s Upcoming Upgrade ‘Cancun-Deneb’ Set to Begin Testing on January 17 – Crypto News
- Curve Finance to disburse $49M in compensation to hack victims – Cointelegraph
- Report: British Virgin Islands Court Freezes 3AC Assets Worth Over $1 Billion – Bitcoin.com
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- Source: https://insights.coinigy.com/happy-solana-christmas/
