Ranking of the most popular cryptocurrency narratives for 2023
Artificial intelligence, GameFi and memcoins lead the way
What narratives do you think we will see in top 2024?
I think AI, RWA, GameFi, SocialFi, Layer2
Like you know i think #RWA sector in crypto in next few years will be huge. Similar like NFT and Metaverse or even bigger.
$RIO
( #RealioNetwork ) coin and potential.
โ๏ธ Supreme Court sentences China's OTC Cryptocurrency King to 7 years in prison
โ๏ธ China's Supreme Court declares China's OTC cryptocurrency king Zhao Dong has been sentenced to prison.
Crypto pressure continues to increase in China, which is known for its bans and negative attitudes towards Bitcoin (BTC).
Accordingly, the Chinese news agency weixin, the Supreme Court of China has announced the penalties that the Chinese crypto OTC king Zhao Dong and his team must receive.
Zhao Dong was sentenced to 7 years in prison for illegal business and currency trading.
The newspaper also revealed that Dong is the founder of RenrenBit, a cryptocurrency lending platform and a small shareholder of Bitfinex.
The judgment that the Chinese Supreme Court handed down to Dong is a sign of China's repressive attitude and regulatory efforts towards the cryptocurrency industry.
Finally, Zhao Dong is considered one of the most important factors of the cryptocurrency industry in China and is also known as the king of OTC cryptocurrencies in China.
โ๏ธ The number of searches for AI is surpassing Bitcoin
โ๏ธDisclosure of change through Google Trend data
Over the years, 'Bitcoin' sometimes constantly overshadow 'AI', but In August 2022 and by November 2022, the number of "AI" searches has skyrocketed, coinciding with the launch of OpenAI's ChatGPT.
Currently, the global search concern for 'AI' boasts a Google Trends score of 91, while 'Bitcoin' is behind with a score of 22. Google assigns a score on a scale of 0 to 100 based on the ratio of a topic to the total number of searches on all topics.
โ๏ธ Factors affecting change
Bitcoin suffered the end of the bear market cycle throughout the second half of 2021 and most of 2022. It started 2023 at a significantly lower level than all- the highest of the time, reaching $42,680 at the time of writing, according to Coingecko.
โ๏ธ Regional model and global events
Google Trends data sheds light on the geographical distribution of concerns, highlighting that Bitcoin attracts the most attention from El Salvador, Nigeria, the Netherlands, Brazil and Switzerland.
In contrast, artificial intelligence saw a prolific year marked by concerns about job shifts, the emergence of AI-based nude services, and the excitement around new chatbots such as ChatGPT, Google Bard, Meta AI and GrokAI, later launched by tech tycoon Elon Musk.
According to the region, Google Trend data highlights the growing interest in AI from users in Japan, Vietnam, Taiwan, South Korea, and Italy.
30,000 BTC have been raked out from the Coinbase exchange over the past few days
Also yesterday , the largest one-time outflow of coins since May was recorded, which became a record in history in dollar equivalent.
It must be remembered that Coinbase will be the key custodian of the Bitcoin ETF.
๏ฟผ
$BTC
#BitcoinETF
@cryptotradersx That's right, even though there is 1$, that is 42 or 43, BTC still makes people worried, knowing that BTC is still a level of peace of mind.