Today, NFT is leading the cryptocurrency market for November, according to new trends in the industry. TYMIO founder Georgii Verbitskii predicts that Bitcoin will reach $180,000 by the end of 2025. Alexey Pertsev, who created the Tornado Cash protocol for mixing cryptocurrencies, is still in jail awaiting his trial.
NFT sales hit $158 million monthly
Despite a small decline compared to the previous week’s increase, the sales volume of non-fungible tokens (NFTs) remained rather consistent during the week. Digital collectibles had a banner for seven days, with sales of almost $158 million, according to the NFT data tracker, which was released on November 24th. Compared to the previous week’s sales volume of $181 million for digital collectibles, the data showed a 12.7% decline.
Despite the slowdown, the weekly volume is far beyond its record at the beginning of November. From Nov. 4 to 10, NFTs had a weekly sales volume of only $93 million, a 69% increase from the beginning of the month. Ethereum kept its place as the top winner for weekly NFT sales volume. The network had $49 million in sales, a 25.9% decline compared to the previous week. Bitcoin was second with $43 million in sales, a 29% decrease.
The Solana network retained its position as the third-highest sales volume for digital collectibles. The network reported $23.9 million in weekly sales, a 9% fall from the previous week. Crypto News TYMIO, Polygon, Mythos Chain, Immutable, and BNB Chain combined had a sales volume of $35.8 million for the week.
TYMIO founder predicts $180k Bitcoin by 2025
Via his decentralized financial platform TYMIO. According to Georgii Verbitskii, Bitcoin’s value will soar to $180,000 by the year 2025’s conclusion. By the end of the next year, he claims, Verbitskii predicts, Bitcoin will have reached $100,000, and maybe even $120,000.
The Trump administration assumes office on January 25, 2024, at the turn of the next century. Before the one who will take the office of president on the 25th of January is sworn in the White House, Verbitskii has also stated that supply-side issues will be the main reason Bitcoin’s volatility will be extremely high.
Bitcoin Surges Past $38,000 Amid Market
Today, Bitcoin hit $38,000, outperforming all of its peers. This proved that it is the most valuable cryptocurrency asset. Bloomberg reports that several large banks and financial institutions are contemplating the launch of Bitcoin-backed exchange-traded funds (ETFs), which is driving this trend. According to analysts, increasing confidence is reflected in Bitcoin’s price movement.
Inflation and economic woes are sweeping the world, and this asset could be a useful hedge against them. While volatility is inevitable, it is important to exercise prudence. We must not let the market unprotected; it is a major concern. Experts also advise that when dealing with major macroeconomic issues. Changing roles like Today in Crypto: The Federal Reserve shifts its monetary policy. With that, Bitcoin might react. Keeping abreast of such happenings is, hence, prudent.
Final Thoughts
Today’s events show how the cryptocurrency market continues to develop from court rulings and regulatory changes to technological advances and market movements. Crypto News TYMIO, Whether you are an investor, developer, or casual observer, this is a real hot spot.
To navigate this intricate yet exciting field, it is important to be well-informed about the Crypto market. While the cryptocurrency universe keeps growing, one thing is definitely true: it will continue attracting attention worldwide, determining the future of finance and technology.
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