The global cryptocurrency market has plunged over the past 24 hours, with the overall market capitalization falling to a three-year low, according to data from CoinMarketCap.
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Analysts at research and brokerage firm Bernstein predict that liquidity in the crypto market will shift from memecoins to more utility tokens in the DeFi, gaming, and NFT sectors.
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The LIBRA Scandal and the Impact on Memecoin
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