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These crypto influencers got their 2023 predictions totally wrong

At the turn of every year, crypto celebrities announce outrageous predictions for the upcoming twelve months. Bullish bitcoin prices are always the most common forecasts — but in 2023, influencers expanded into a variety of predictions ranging from the ‘flippening’ to Gary Gensler’s dismissal from the Securities and Exchange Commission (SEC). An embarrassing number of these attempts at precognition never came true. Yet, the influencers who made them never held themselves accountable. Below, we take a look at some of 2023’s crypto prediction s that entirely missed the mark. Failed prediction #1: Bitcoin didn’t hit $175,000 Bitcoin’s impressive price rise over the past few months indicates that investors are confident things will improve. BTC has soared from $27,000 to $43,000 in the past three months — a 60% pump. On January 2 and 3, 2024, the price of bitcoin surpassed $45,000 for the first time in two years. However, during the entirety of 2023, bit...

Solana joins DeFi’s top 5 with $1 billion total value locked

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Solana (SOL) reached a $30 billion market cap and close to $1 billion of Total Value Locked (TVL) in DeFi on December 12.  The best performer, “Ethereum-killer” of 2023, has consistently earned cryptocurrency investors’ attention and money this year. Notably, Solana’s decentralized finance ecosystem now features among the top five chains in TVL. SOL conquered this position after an impressive 43.91% TVL surge in a week to $945.87 million invested tokens worth of dollars. Top 5 DeFi chains by total value locked. Source: DefiLlama Finbold retrieved this data from DefiLlama , which provides valuable indicators for the ever-growing DeFi ecosystem. For example, the close to $1 billion TVL on Solana is spread among 244.919 crypto wallet addresses and 117 Solana-based protocols. Cryptocurrency Bitcoin price prediction as Elizabeth Warren unveils crypto 'crack down' bill Cryptocurrency Short squeeze alert for December 12: Two cryptocurrencies w...