# Bloomberg Expert Remarks on Crypto’s “Incredible” Showing
As per figures from CoinGecko, the entire market value of digital currencies is approaching $3 trillion.
Although a few alternative digital currencies remain distant from their highs of 2021, they are considerably exceeding the performance of the majority of Special Purpose Acquisition Companies.
Simultaneously, Dogecoin (DOGE) has turned into a central issue in the digital currency sphere, and non-fungible tokens (NFTs) have been embraced by major corporations and famous individuals.
That year, a total of 613 Special Purpose Acquisition Companies finalized initial stock offerings. The 2021 GameStop trend additionally stimulated this excitement. Furthermore, fresh Special Purpose Acquisition Company agreements have evolved into a speculative craze.
Nonetheless, Weisenthal, recognized as a digital currency doubter, seems to believe that digital currency’s showing is still striking, taking into account that 2021 represented the height of a speculative retail-motivated excitement.
Ethereum’s control has decreased considerably to approximately 10%.
While Bitcoin’s market value has risen considerably over the previous year, the total market value of other digital currencies has mostly remained constant.
Previously, an X user emphasized that the market value of digital currencies has barely altered in comparison to 2021. GameStop integrates Bitcoin into its investment strategy
Joe Weisenthal, co-anchor of Bloomberg’s Odd Lots podcast, expressed that the digital currency market’s showing is certainly remarkable.
