Cryptocurrency Market Analysis [April 5]
Crypto Practicum Investment Newsletter April 5
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Here is the ranking of domestic and international exchanges that I choose
down below↓↓
http://bitcoin-newstart.com/exchange-japan-bitcoin
FX攻略というFX雑誌で
I have started a series on cryptocurrencies in the magazine.
If you happen to stop by a bookstore,
I would be grateful if you read it.
https://bitcoin-newstart.com/fxkoryaku
【Cryptocurrency Market Analysis】
The price movement of cryptocurrencies since last week
is summarized as follows over the course of a week
Summary: current price (changes from a week ago)
Bitcoin
6,400万円（％）
Ethereum
227000円(22%）
Ripple77円（-％）
Polkadot4700円（34%）
Binance Coin40000円（36％）
Cardano130円（-%）
NEM45円（12％）
Bitcoin rose to nearly 6.8 million yen at its weekly high,
but the high price has not been updated and there was a slight correction.
Bitcoin Daily Chart
Since early 2021, the daily chart has formed
a neat upward trend.
Recently, MicroStrategy, a U.S. company, announced that
it purchased Bitcoin for 1.6 billion yen.
In this rise of Bitcoin, in addition to corporate purchases,
In stimulus funds, the amount expected for investment is
4.4 trillion yen, of which Bitcoin is forecast to receive
61% or 2.68 trillion yen.
2.68 trillion yen corresponds to the MicroStrategy purchase amount
2,680億円/16億円＝約1675倍
This is a large amount.
Payments are to be issued sequentially from late March,
and if as expected, this will gradually become
buying pressure, pushing up prices.
(Reference) The impact of U.S. cash payments on
Bitcoin investment
https://bitcoin-newstart.com/btc210317
【Mercari Establishes Cryptocurrency Exchange】
Mercari has established an exchange called Mercoin.
You will be able to receive sales proceeds in Bitcoin via the Mercari app
and it is said that cryptocurrency payments will be supported in Merpay.
There has been talk of Mercari entering cryptocurrency since around 2018.
So if they expand into an exchange, they will be somewhat behind compared to Rakuten and Yahoo.
The exchange is named Mercoin,
and in the future, they may issue their own currency
called Mercoin.
Mercari has been pioneering as a peer-to-peer app,
and that aspect is somewhat connected to decentralization in cryptocurrency.
However, Mercari’s transaction fee is 10%, which is very high.
Mercari isNFTto advance
It is said that,NFTin
NFT purchases, ownership transfers to the buyer,
and the buyer can freely sell it to others.
Nevertheless, like Mercari’s app, typical fees for buying and selling do not amount to 10%.
How Mercari expands intoNFTmarkets is a key question.
Probably they will use a cryptocurrency called Mercoin as the
base currencyNFTtransactions, perhaps.
（Reference）NFTWhat is it?
https://bitcoin-newstart.com/nft
【Ethereum All-Time High Updated】
Ethereum recently updated its all-time high to
27,000 yen.
Ethereum Daily Chart
Recent Ethereum-related topics include, personally,
the decentralized exchange I mentioned last week
Uniswap
V3is planned to be released in May.
I feel this could be significant.
In Ethereum blockchain transactions,
L2（Layer-2）
the introduction of significantly cheaper transactions has been a recent focus.
Uniswap hasL2introduced, and fees are expected to be nearly zero.
Moreover, DeFi trading volumes, including Uniswap, have reached about 5 trillion yen at times, showing strong performance,
and the ongoing Ethereum 2.0 staking trend is increasing,
so Ethereum’s demand remains high.
Regarding Ethereum,
the London hard fork upgrade is scheduled for July.
This will also reduce the fees that miners receive.
＊Ethereum's transaction fees
will not be reduced, but the rewards paid to miners from transaction fees
will be reduced.
In other words, Ethereum’s issuance will be burned, which
could become a factor in increasing future price.
(Miners’ selling pressure will decrease)
From the miners’ side (the people who process Ethereum transfers),
fees will decrease significantly,
while if Ethereum’s price rises, the reduced fees can be offset to some extent,
and this could raise the asset value for holders.
Thus, the topic of Ethereum transaction fees has recently evolved
and remains a situation not to be missed.
【bakktapp released and
Starbucks supports cryptocurrency payments】
Personally, I have been interested for a while,
as the parent company of the New York Stock Exchange,
ICEisoperates
a cryptocurrency exchange calledbakkt
Thisbakkthas released an app
making cryptocurrency payments possible at Starbucks in the United States.
In collaboration with Starbucks,
Bakktthe app allows converting points,
Bitcoin, mileage,
gift cards, etc., into U.S. dollars and loading them onto a Starbucks card,
which is expected to drive Bitcoin recognition particularly in the United States.
First, at Starbucks in the United States,
Bakktthe ability to use Bitcoin via the app
I look forward to its global expansion in the future.
