Where the optimism still lingers for cryptocurrencies

Cryptocurrencies have experienced a collapse in 2022, but regulation maturity and greater technological familiarity is supporting an upbeat outlook for decentralised technologies – despite the market price for digital tokens.

The valuations for digital money topped $3 trillion last year. Bitcoin, the world’s most renowned – or infamous – cryptocurrency, gained nearly 70% in 2021, closing the year at around $50,000 per coin. Subsequently, the rally fueled a slew of celebrity endorsements, even as prices began to wobble in December.

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