Lex Sokolin, chief cryptoeconomics officer for blockchain software technology firm ConsenSys, thinks so, with stickily high inflation at the root of its entrenchment. The largest cryptocurrency by market capitalization was recently trading at $23,508, up 1% over the past 24 hours. BTC has risen about 40% this year and ether, the second largest crypto in market value, nearly as much, but their momentum has also stalled recently amid jobs and price data that have failed to head in the right direction.
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