The popular design application Figma has filed for an initial public offering (IPO), revealing its surprising involvement in the cryptocurrency market.
Figma's Bitcoin Investments
Figma disclosed its Bitcoin investments through the S-1 document, noting that it holds $70 million in a Bitcoin ETF and received board approval for a direct purchase of Bitcoin worth $30 million in USDC.
AVAX Price Predictions
The cryptocurrency AVAX is in the spotlight this week as analysts raise questions about price targets. The ongoing Bitcoin downturn is expected to affect AVAX, with a potential retest of $15 if the current decline continues.
BNB and LINK Price Dynamics
For BNB Coin, a new attempt to rise to $630 has begun, although investors should be prepared for possible purchases around $600 amid market volatility. LINK Coin remains below $13 despite recent agreements, with the $11.97 level being critically important for price movement.
Figma's unexpected entry into the cryptocurrency market may influence the dynamics of other cryptocurrencies, such as AVAX, BNB, and LINK, amid overall market volatility.
