I've followed MANA for a while now. Over the last 9 months they've had an average of 200-350 daily active users. For a game that's worth $8bn it's MASSIVELY overvalued. Only this week has their userbase increased to over 1k but I don't see that being sustained due to how expensive Land sales are –…
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https://www.wsj.com/articles/citadel-ceo-ken-griffin-outbid-a-group-of-crypto-investors-for-copy-of-u-s-constitution-11637352087?st=fjh6fosqtobqneu&reflink=e2twmkts submitted by /u/OddStockTrader [link] [comments]
https://www.wsj.com/articles/citadel-ceo-ken-griffin-outbid-a-group-of-crypto-investors-for-copy-of-u-s-constitution-11637352087?st=fjh6fosqtobqneu&reflink=e2twmkts submitted by /u/OddStockTrader [link] [comments]
Anyone remember the episode of futurama where fry became ultra-rich by having a bank account with 93 cents in it accumulating interest over 1000 years? Well, because it's futurama and of course it does, the math in that episode checks out. $0.93X(1+0.0225)^1000=$4283508449.71 But I'm sure many of you reading this post noticed the problem here.…
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submitted by /u/FridaTroup [link] [comments]
submitted by /u/FridaTroup [link] [comments]
It noticed something strange the last few days. The dip of the market just did nothing to me. I have a fair share of my savings in crypto, im here to have something for my retirement down the line and some gains on the way. I know prices will go up in the long run.…
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In an exclusive ask-me-anything session with Cointelegraph Markets Pro on Discord, Paddy Carroll discussed virtual real estate sales, roadmaps, tokenomics and more regarding the upcoming Bloktopia metaverse.
Bitcoin and most major altcoins are attempting a recovery, but higher levels are still likely to attract strong selling.
After one of its most bloody days in 2021, Bitcoin is trying to reclaim critical support above $58,000. A daily close north of this target could push BTC’s price back to the $60,000, but still a long way from a confirmed recovery. Related Reading | Shakeout Or Top? Here’s What Bitcoin SOPR Says About It As of press time, Bitcoin trades at $58,137 with sideways movement in the daily chart. Bitcoin started its downward trend immediately after scoring a new-all time high at $69,000. The benchmark crypto lost support at $60,000 after a relentless battle between bulls and bears and took another leg down finding support at $55,600. As many experts claimed, the market was over-leverage and open for a liquidation cascade, as it happened in May and July this year. Since then, the price of Bitcoin has dropped around 17.26% from its ATH. In turn, the general sentiment in the market has taken a dip, but still remains fairly optimistic. Funding rates across crypto exchange platform turned neutral suggesting that short-term traders have been shakeout, at some extent. On average, Bitcoin has experience 27%, 24%, and 54% correction from its all-time high, according to data from UTXO Management. This metric, combine with the neutral funding rates, suggest BTC could see more downside price action. In the short term, Bitcoin has support on $55,000 with seemingly the road clear for a bounce into $60,000. The sustainability of this upward movement has been put under questioning, as some believe there is still too much leverage in the market getting in the way of a fresh all-time high. Related Reading | Shakeout Or Top? Here’s What Bitcoin SOPR Says About It On-Chain analyst Jan Wuestenfeld said the following about BTC and the current state of the market: So far, the drawdown of #Bitcoin’s price is comparably minimal. #Bitcoin and crypto Twitter are still relatively calm. If you go just by that, the price might be in for some more downward moves before we reach levels of desperation that shake out the last weak hands. Bitcoin (BTC) On A Multi Year Bull Market In the long term, the general consensus seems to be that Bitcoin still moves on a bullish trajectory. From a low at $3,000 in 2021 to an ATH near $70,000, the benchmark crypto maintains its fundamentals and benefit from a favorable macro-economic outlook for risk assets. Inflation concerns seem to be driving more people into crypto as a hedge against its rise and a mechanism to generate yield as trust in financial institutions diminishes. At the same time, the U.S. dollar has strengthened in the past 2 weeks due to an increase in macro risk, an extended rally could make Bitcoin rise to uncharted territory more difficult. Related Reading | Bitcoin Resumes Decline, What Could Trigger More Downsides The benchmark crypto seems poised for more gains in Q4 this year, but the market could demand another blood sacrifice. Senior Commodity Strategist for Bloomberg Intelligence Mike McGlone believes $50,000 will operate as support for BTC meanwhile $100,000 as resistance as the cryptocurrency consolidates another year in appreciation. #Bitcoin Bull and $50,000 Support vs. $100,000 Resistance in 2022 – Bitcoin is approaching 2022 in what we view as simply a bull market. The nascent technology/asset is experiencing increasing adoption vs. declining supply and showing signs of maturation. pic.twitter.com/pyJ5L6l5L0 — Mike McGlone (@mikemcglone11) November 19, 2021
