, 2023-01-02 16:44:55,
In this article we are going to take a look at the 10 best cryptocurrencies to invest in according to Reddit. For more cryptocurrencies, go to 5 Best Cryptocurrencies to Invest In According to Reddit.
Investors are no stranger to the cryptocurrency bloodbath happened in 2022. Digital assets lost over $2 trillion in assets amid the massive route that crushed almost all cryptocurrencies, including Bitcoin and Ethereum. Several crypto companies and startups saw huge losses and went out of business. Galaxy Digital, founded by billionaire Michael Novogratz, posted a $555 million quarterly loss in August and took a $77 million hit due to its exposure to FTX. Galaxy Digital called itself a digital asset and blockchain company. Binance also got hit since it had made a $3 million investment in the Terra project in 2018.
And if this wasn’t enough, hackers had an open season in 2022 and stole millions of dollars of digital assets, laying bare the claims that P2P and decentralized technologies are safe. For example, hackers stole a whopping $600 million from Ronin, the blockchain bridge platform connected to online game Axie Infinity.
What the Future Holds for Cryptocurrencies
But we want to focus on another aspect of the cryptocurrency world. This aspect proves that there’s more to cryptocurrency than just speculation, meme coins and “to the moon” campaigns without any fundamental strengths. Andreessen Horowitz, one of the most famous venture capital firms in the world,…
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