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ICYMI: The price of ETH has spiked 10% in the past 24 hours to reach an all time high of $4.4k, eclipsing its previous record set just two days ago.
The broader crypto market is seeing signs of recovery today, as BTC has bounced back to the $61k level on a wave of momentum, while large state-level purchases of BTC from El Salvador have also boosted market sentiment. Never ones to be outdone, canine-inspired memecoins have still managed to take center stage, with their top performer, Shiba Inu, recording a whopping $23 billion in transaction volume across top exchanges. SHIB's parabolic rise was also surprisingly matched by an up-and-coming rival, Floki Inu, a cross-chain token that surged more than 200% in a single day. A great time for dog coin connoisseurs indeed.
Social media giant Facebook, henceforth known as Meta, has made it clear that they intend to lead the charge into the metaverse. In a keynote address at the company's annual Connect conference, CEO Mark Zuckerberg announced Facebook's official rebranding into Meta, and outlined his vision for a future dominated by the metaverse. To elucidate, a metaverse refers to a future iteration of the Internet, where multiple virtual spaces will amalgamate into one larger virtual universe, à la the film Ready Player One. NFTs, another very popular asset in recent times, will also play a huge part in this future, as they constitute an important component of any metaverse. With Zuckerberg and Meta at the helm. fans of the metaverse and NFTs have a lot to be excited about indeed.