Weekly Crypto Recap: Bitcoin Surges to 44,000 Dollars, Cardano’s Governance Poll, and Tesla’s Potential Dogecoin Transactions

Crypto News- This week witnessed Bitcoin reaching its annual peak, marking a positive turn for El Salvador’s crypto portfolio. Ethereum’s stable position around $2,300 has triggered discussions on its potential undervaluation. With Bitcoin’s surge to $44,000, excitement builds for the awaited altseason. The Cardano community actively votes in the Cardano Ballot, and there’s speculation about Tesla considering Dogecoin payments for its Cybertruck.

Cardano Governance Vote Wraps Up This Monday

Last Friday, we highlighted the initiation of voting for Cardano Improvement Proposal 1694, focusing on establishing a minimum viable on-chain governance system. This essentially gauges the community’s stance on Cardano’s ambitious move towards decentralized governance.

Weekly Crypto Recap: Bitcoin Surges to 44,000 Dollars, Cardano’s Governance Poll, and Tesla’s Potential Dogecoin Transactions

The voting window is set to close on December 11 at 21:44 UTC, with the much-anticipated results of the Cardano Ballot expected to be unveiled on December 16. Notably, Cardano’s native token, ADA, has surged to a yearly high amidst the ongoing voting process.

Dogecoin as a Possible Payment Method for Tesla Cybertruck?

A curious development caught the attention of the crypto community as enthusiasts noticed over 50 references to Dogecoin in the source code of the Tesla Cybertruck page. However, neither Tesla nor Elon Musk has explicitly confirmed plans to accept Dogecoin as a payment method for the Cybertruck. Meanwhile, Dogecoin marked its 10th anniversary with a noteworthy spike in its price during the week.

Crypto Landscape: Uniswap Dominates Social Media Chatter

In the realm of social media discussions this week, the decentralized exchange Uniswap took center stage with a staggering 426,818 mentions in the last seven days, surpassing Bitcoin in visibility multiple times.

Solana Co-Founder’s Candid Take on Ethereum

Solana co-founder Anatoly Yakovenko took a candid stance on the prevailing “Ethereum killer” narrative, dismissing it as uninspired. He asserted, ‘I don’t see a future where Solana thrives and somehow ETH dies.’ Yakovenko advocates for healthy competition, envisioning a future where both platforms flourish.

Ethereum’s Potential Awakening

Ryan Sean Adams from Bankless offered an intriguing perspective on Ethereum’s market position. Despite Ethereum’s price surge in the recent market rally, Adams believes it remains undervalued, particularly at its current price of $2,358. He highlighted Ethereum’s profitability, generating $2.7 billion in annualized profits and hinted at a potential spot exchange-traded fund (ETF) approval, asserting that Ethereum’s true bull market is yet to unfold.