The announcement by Tesla that they can only receive and detect DOGE led the price of the memecoin to rise to the moon. Concerning Bitcoin, analyst PlanB recently said its value could update its high in March 2022.
Tesla, the electric car company of Elon Musk, recently started offering products in memecoin Dogecoin (DOGE). According to a statement on their official website, they cannot receive or detect any other crypto asset but DOGE.
Of course, the price of the DOGE token rose to the moon when the community read the announcement. The memecoin is trading at around USD 0.17 and has accumulated a 13.4% in the last seven hours, according to CoinGecko.
A Brazilian Mayor Will Invest 1% of His Reserves in Bitcoin
Eduardo Paes, the mayor of Rio de Janeiro in Brazil, will invest 1% of the reserves in Bitcoin. Along with that initiative, he announced the creation of a native digital currency and the investment in Bitcoin. He stated that he intends to transform the Brazilian metropolis into a center of technological innovation.
The Secretary of the Treasury, Pedro Paulo, and the Secretary of Economic Development and Innovation, Chicão Bulhões, said a working group would study those plans.
Bulhões noted that various Brazilian companies are in Rio de Janeiro, which the recent announcement could enhance.
The state adoption of Bitcoin and cryptocurrencies always implies regulations that some bitcoiners dislike, according to Bulhões. The official explained the Government would like a law that does not hinder the development of the industry.
Paes talked to Francis Suárez, the mayor of Miami, about the cryptocurrency-related ambitions of Rio de Janeiro. The latter started accepting his paychecks in BTC in November 2021, proving that he is a Bitcoin bull.
PlanB Predicts that Bitcoin Will Hit New Highs
Concerning the pioneering cryptocurrency, renowned analyst PlanB still maintains his theory about its price. He recently said that Bitcoin was near local lows and is preparing for a rebound driving it to growth.
PlanB believes that the value of BTC can update its high in March 2022. The analyst predicts that the peak of the Bitcoin price can occur between July and August.
Seventy Percent of American Cryptocurrency Hodlers Began Investing in 2021
According to a report from Huobi Group, about 70% of American hodlers started investing in cryptocurrencies like Bitcoin in 2021.
In mid-December 2021, the company surveyed around 3,100 American adults to assess their knowledge of cryptocurrencies and their opinion about the crypto market boom.
The study revealed that 68% of the respondents first exposed themselves to cryptocurrencies in the past year. Another 21% started investing in crypto assets two years ago, and 12% did it in the last four years. Meanwhile, 9% of the Americans surveyed bought them for the first time over four years ago.
Despite the Current Market Decline, NFT and Blockchain Gaming Sales Continue to Grow
The current market downturn seems not to have weathered/affected NFT trading and blockchain gaming. Reports from DappRadar indicate that NFT transactions continued to rise amid falling cryptocurrency prices.
The report stated the number of unique wallet addresses connected to Ethereum NFT dApps grew by 43% from the third quarter of 2021. It also indicated that blockchain gaming remains widely used, noting that it accounts for 52% of the usage in the industry.
By Alexander Salazar
