How MIDA’s Token Economy is Set to Rejuvenate the Art Market
It’s no secret that art museums have seen better days. As far back as 2001, attendance at U.S. museums was already in stagnation, and the trend has only continued to deteriorate in the years since. In 2016, total visitors to art museums across Britain’s leading museums and galleries fell to just under 50 million—a 20 percent drop from the peak of 63 million in 1992. In the wake of covid-19 restrictions, the world’s busiest art museums saw the most significant drop set at 77%, from 203 million worldwide in 2019 to a paltry 54 million in 2020. And it’s not just....
Related News
The global cryptocurrency market valuation has rebounded a great deal since the initial downturn after 12:00 a.m. EST on December 4, and on Sunday, the crypto economy is down 1.4% during the last 24 hours. Meanwhile the meme token market capitalization today is $47.2 billion down 12.6% during the last day. Dogecoin has suffered pretty badly losing 19.2% during the last seven days, while its rival shiba inu has shed 9.7% last week.
Meme Token Economy Takes the Brunt of the Crypto Market Carnage — Dogecoin Drops 19% in a Week’s Time
At the time of writing, the crypto....
Although things may seem objectively bad right now, there is reason for hope.
The top meme tokens by market capitalization saw a significant jump on Monday after being fueled by dogecoin’s recent price rise. Crypto meme coins like shiba inu, dogelon mars, and floki inu saw 2-13% gains over the last 24 hours. The entire meme token economy is worth $35.8 billion, up 9.4% today.
Meme Token Assets See Double-Digit Gains on Monday Following Dogecoin’s Rise
Following Elon Musk’s acquisition of Twitter for $44 billion, digital currency markets jumped in value and crypto meme tokens saw a significant spike. 24-hour statistics at 4 p.m. (ET)....
While the crypto economy has shed more than 3% in fiat value during the last 24 hours dropping to $2.09 trillion, the top rebase tokens by market capitalization have seen significant losses this week. At the time of writing, the rebase token economy is valued at over $3.2 billion but has lost more than 10% in value during the last 24 hours. The largest rebase token economies such as Wonderland, Olympus, and Redacted Cartel have shed between 36% to 55% over the last week.
Top 3 Rebase Token Protocols Shed Billions in Value Over the Last Week, Wonderland Down 87% Since High
On the....
Seven months ago, the top rebase crypto tokens by market capitalization were collectively worth $8.03 billion and since then, the entire rebase token economy has lost more than 92%, dropping to $577 million. Olympus has dropped 99% since the asset’s all-time high (ATH), klima dao shed 99.9%, and wonderland is down 99.8% from its ATH.
Elastic Rebase Tokens Fall Short of Expectations, Sliding 92% Since November 2021
Last year when the bull run started, rebase tokens were becoming extremely popular and their fiat values jumped a great deal toward the end of 2021. These days,....