Ripple CEO Brad Garlinghouse announced on Twitter that 2020 is XRP's best year despite the SEC lawsuit. In the third quarter of the year, the CEO focused attention on the performance of Ripple's payments network, On Demand Liquidty.
According to CoinGecko, XRP has increased by almost 115% based on the day before the SEC's lawsuit, of which about 17% happened in the last week.
Microstrategy CEO Expects Bitcoin to Reach $6M
Known for his personal Bitcoin investments, Michael Saylor, who recently announced that he holds 17,732 Bitcoins, said that he predicts Bitcoin to reach $ 6 million with a striking claim.
Global Interest in NFTs Peaks
Interest increased after famous people and brands released NFT collections, and even the wife of Donald Trump, who has anti-crypto stance, made an NFT announcement. NFT search is at a recent high, according to Google Trends.
Meanwhile, the Chinese State Media Agency Xinhua announced that it will release its first news NFT collection.
Bitcoin Hash Rate Running
According to data from MiningPoolStats, the Bitcoin network hash rate of 200EH/s is at an almost all-time record level as of December 20.
The analytics firm shared that the rate of transition of BTC supply from “liquid” to “illiquid” is 100,000 BTC per month.
Bitcoin Prediction from American Research Company Fundstrat Global Advisors
Company managing partner Tom Lee predicted during a webinar hosted by investment education platform Market Rebellion that the price of Bitcoin could reach $200,000 in 2022, further boosting its performance in 2021.
Hive Blockchain Company: More Bitcoin, Less Ether Mining
The publicly traded Canadian crypto mining company expects Ether production to decrease by more than 20%, while Bitcoin mining is expected to increase by 2%.
The company said in a statement that while it expects Hive Blockchain to mine more Bitcoin in the third fiscal quarter compared to the second, Ether mining will decline due to increased competition. The company will be mining more than 6,900 Ethereum this quarter due to difficulties while mining 8,688 Ether in the previous quarter.
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