Recently launched: PolygonzkEVM; Coming soon: Shanghai upgraded version.DOGE is priced at $0
- Recently launched: PolygonzkEVM; Coming soon: Shanghai upgraded version.
- DOGE is priced at $0.1 in response to the Twitter logo, currently at $0.08.
In order to eliminate the intervention of third-party services and conduct transactions for transaction verification, cryptocurrencies have emerged. Since 2008, the encryption market has been developing with the goal of reaching a global valuation of $5.15B by 2023. By 2030, it is expected to double to around $11.71B, with a growth rate of 12.5% from 2023 to 2030 as a whole. The greater demand for cryptocurrencies has skyrocketed the value of their domestic coins. With the popularity of cryptocurrencies, companies have begun to adopt cryptocurrency payments. For example, Burger King, luxury hotels, etc.
Several factors, including regulatory laws, market value, and other factors, have disrupted the value of cryptocurrencies. In the second quarter of 2023, certain cryptocurrencies were considered essential. Some of them are listed below.
Ethereum (ETH)
Despite the upcoming Shanghai upgrade on April 12th, researchers suggest mortgaging ETH for future returns. However, it is expected to reduce the price surge in a relatively short period of time. As the most popular counterfeit currency, ETH has proposed the lowest power consumption, called Merge. Surprisingly, the price forecast without considering all these factors has led to nearly $2000 per token by the end of 2023. Currently, according to CoinMarketCap, the value of ETH is $1890.48.
Chaigou (SHIB)
Recently, Chaigou has ruled over all cryptocurrencies, including several whale transactions and massive token destruction. Within a week, 18 million SHIB tokens were destroyed at a rate of 1391.51. Moreover, Georgia now accepts payment from Chaigou. However, Chaigou is mainly used and investors purchase in large quantities. According to CoinMarketCap, this may also be the reason for SHIB's current price of $0.00001101 and growth rate of 0.27.
TERRA (Lunch)
With the US Securities and Exchange Commission's legal dispute over TerraformLabs, Terra's founder and CEO DoKwon is facing criticism. And another co founder, Daniel Shin, refused the arrest warrant and denied his role. After being fined, Daoquan was proven not to hold any assets confirmed by the authorities. On the other hand, despite these problems, Terra is still soaring. In general, it has pledged about 30 million Terra at the current market price. Suddenly, the price rose within 24 hours. It is expected to be extended for a period of time. In this case, it would be beneficial to pledge Terra's native token in the second quarter of 2023.
DOGE
Elon replaced Twitter's logo with the gameplay of DOGE, and the price of DOGE suddenly peaked within hours. Recently, large-scale whale trading on DOGE's dormant address has become active, costing over $116000. Last week, the price reached 0.1 US dollars per dog. Currently, according to CoinMarketCap, the value of DOGE is $0.084, which has increased by 0.90% in the past 24 hours. Elon's preference for DOGE tokens has accelerated investors and cryptocurrency enthusiasts' perception of the bull market. Nevertheless, the DOGE token is expected to flood over time, and prices are expected to rise in the coming months of 2023.
Polygon (MATIC)
Recently, Polygon is utilizing PolygonzkEVM to reduce costs and improve efficiency. In addition, Polygon may be involved in using Tether for future growth and development. Last week, Coinbase Wallet began supporting PolygonzkEVM and launched the "Wallet as a Service" initiative. According to CoinMarketCap, this continuous change resulted in a price range of $1.11. The expert's goal is that Polygon will lead to prices soaring to $1.22 in the following months of 2023.
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