Crypto Giant Founder “Star” Xu

Yuri Molchan

Mingxing Xu believes 2023 can be optimistic for crypto area


In a current tweet, Mingxing Xu, often known as “Star” Xu, founding father of OK Group and the OKX exchange, expressed hope that the upcoming yr 2023 goes to be extra optimistic than 2022, which is sort of over now.

“I’m optimistic to 2023”

In his tweet, “Star” Xu talked about a number of key occasions that upset the area and put promoting stress on the crypto market — the chapter of the Three Arrows Capital fund (3AC), the FTX change and SBF, the crash of the LUNA token, the issues with liquidity confronted by Genesis and so forth.

The current collapse of the FTX big pushed Bitcoin from the $18,200 peak it had managed to achieve by early November to the extent decrease than the 2017 all-time excessive, $16,573. Ethereum sank again below $1,200, and plenty of different digital currencies had been thrown down on charts too.

However, “Star” Xu appears to be like into the approaching 2023 with optimism. He tweeted that, whereas there have been many blows to the crypto trade in 2022, there have been additionally constructive developments on this tech-driven area. The influencer talked about the invention of Ethereum, proof of labor, the implementation of SegWit, DeFi and others.

All of those, he added, pushed the cryptocurrency market to develop to the worth of a trillion USD. This is the principle motive why he hopes that the subsequent yr can be higher than the present was.

Elon Musk begins following OKX change on Twitter

In the center of December, the crypto area was amazed by one other step of Twitter boss Elon Musk, who impulsively began following the account of the OKX change based by “Star” Xu on Twitter.

The native token of the buying and selling platform soared instantly from $22.97 to $24.15 with the buying and selling quantity exhibiting an enormous improve as effectively, including round $3 million.

Musk is thought to be a supporter of crypto, Dogecoin and Bitcoin specifically. Last yr, he revealed that he holds Bitcoin, Ethereum and DOGE. Before he finalized the deal to purchase Twitter in late October, he advised including Dogecoin as a cost/tipping possibility on this social community and likewise as a method of cost for Twitter Blue.

He has by no means proven curiosity in crypto exchanges earlier than, although. Musk, apart from being the profitable CEO of Tesla, based and runs corporations in numerous however essential spheres for humanity — SpaceX, Neuralink, The Boring Company and now Twitter.

In the autumn, he additionally launched a restricted version of a collectible fragrance known as “Burnt Hair,” which might be purchased with Dogecoin, through The Boring Company (which truly builds deep underground tunnels to resolve the issue of site visitors jams in large U.S. cities). Both shipments had been purchased immediately. Who is aware of, maybe Musk is contemplating shopping for a crypto change or constructing his personal.

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About the Author: Daniel