Crypto Community Reflects on Market Growth During Thanksgiving Festivities
Summary:
During Thanksgiving, members of the cryptocurrency community expressed their gratitude for the growth and development of the digital currency space. This was done through a comparison of the previous year's cryptocurrency values with this year's. Animoca Brands Chairman Yat Siu highlighted the differences in Bitcoin (BTC) and Ether (ETH) prices and the market capitalization of Web3 a year ago and now. Meanwhile, the Bitcoin firm River listed the yearly prices of BTC from each Thanksgiving since 2018. Crypto conversations and perspectives varied across the community, from exciting discussions to dinners where cryptocurrency wasn't even mentioned.
Amidst Thanksgiving festivities, numerous individuals from the crypto community took to social media to express their appreciation for the development and advancement of the digital currency space over time. With a retrospective glance at the past holiday year's valuation of Bitcoin (BTC) and Ether (ETH), they compared past figures to the present and reflected on their holiday dialogues about BTC. Yat Siu, the Chairman of Animoca Brands, used platform X (previously known as Twitter) as a medium to communicate his thankfulness for the progress, showcasing a comparison of ETH and BTC prices from a year ago to the existing market figures. The price of ETH and BTC was pointed out to be $1,135 and $16,171, respectively, a year ago, whereas today they stand at $2,065 and $37,323. Alongside this, he noted the expansion of the total market capitalization of Web3, now worth $1.4 trillion.
Bitcoin firm River, alternatively, listed BTC prices from each Thanksgiving since 2018 and encouraged patience amongst its followers. They reemphasized that the fluctuating prices hold less value than continuing discussions around BTC. Another trader tweeted his dinner discussion about crypto, recounting how someone dismissed crypto as a rise followed by a fall, to which he responded that BTC is currently up 125%, priced near $37,000.
Crypto discussions also dominated possible Thanksgiving responses to the question “How’s crypto doing?” One investor likened crypto to a roasting turkey, a process requiring time, and expressed gratitude for the opportunity to invest in such an innovating platform. At the same time, not all Thanksgiving table talks were centered around crypto. Some reported that crypto wasn't mentioned at all and shared contentment irrespective of the overall bullish or bearish trends in the market.
Published At
11/24/2023 9:47:20 AM
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