Cryptocurrency Practical Investment Newsletter October 26

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My chosen ranking of domestic and overseas exchanges

is here↓↓

https://bitcoin-newstart.com/bitcoin-account

【Cryptocurrency Market Analysis】

The price movements of cryptocurrencies since last week

have been summarized as follows

for the past week

Display: Current price (change from one week ago)

Bitcoin¥万円（％）

Ethereum

¥470,000

Ripple¥円（％）

Polkadot¥円（3%）

Binance Coin¥円(2％）

Cardano¥円（-%）

Uniswap¥円（1%）

ICP　¥5,000-

Solana¥24,000(30%)

Avalanche 7,500円(17%)

Bitcoin rose from last week's¥7,100,000

andETFfervor pushed it higher

recording a new all-time high of¥7,600,000

This is the highest price not only in yen terms but also when converted to dollars.

Bitcoin daily chart

Before year-end, many investors expected another upward turn

to come back.

Would it dominate discussions again?

In 2017, after the late-year bubble,

Investorsin 2018prepared for a big drop in July,

perhaps many were prepared.

The SEC first approvedBTCETF

futures last week,

BitcoinETFfuturesSECapproval

which seems to have been a trigger for the price rise to its peak.

Speaking of Bitcoin futures2018year1when the world’s largest

futures exchangeCMEfirst listed Bitcoin futures,

the price did not react as expected, but this time it

has shown price appreciation that seems to dispel that.

Also, Ethereum, the second-largest by market cap, has reached a new high as well.

This year in June, Ethereum was around

about 450,000 yen,

but following Bitcoin’s recent high, Ethereum has also

reached a new price peak.

After reaching new highs, both currencies have been

trading around those levels, and it is not yet a breakout,

but the future movement is worth watching.

In particular, Bitcoin has long been expected to rise further

to 10,000,000 yen by the end of the year.

This latest high is probably due toSECapproval of

BitcoinETFfutures.

And the 10,000,000 yen target hinges on

BitcoinETFspot/physical

SEChas not issued concrete

comments on the spot, so

approval within the year remains uncertain.

In realitythe SECBitcoinETFapplications

are said to be numerous, and there must be pressure.

【Grayscale’s

Bitcoin Trust ETFETFconversion】

Global major Bitcoin trusts managed by Grayscale are

moving to convert their trusts into public ETFs

(spot)ETF(spot)

conversion requests are being filed.

Grayscale’s Bitcoin Trust is valued at about

¥4.5 trillion,

and is said to constitute about 3.4% of circulating Bitcoin.

ETFis traded as an exchange-traded fund

• Investments in Bitcoin at favorable prices

• Tax treatment similar to stocks

• Ability to buy Bitcoin through a brokerage account

which are major advantages.

※In the case of ETF, customerspurchase ETFsand fund managers buy the physical Bitcoin instead

So, buying ETFs creates price pressure for Bitcoin.

In particular, Grayscale’s Bitcoin

Investment Trust trades at a premium, with fees higher than the standard price

Already,ETFsfutures have been approved, but

once thisETFspot asset is approved,

the entry of stock investors together with this could have a large impact.

(Reference site) CoinDesk

https://www.coindeskjapan.com/126587/

【Cryptocurrency Q3 Quarterly Report】

From CoinGecko, a major cryptocurrency data site,

the Q3 cryptocurrency report has been released.

Contents include

■Bitcoin price trends

■Emergence of chains other than ETH, SOL, AVAX

■Astronomical performance of game tokens

■OpenSea’sNFTmarket monopoly

■Spot trading has been sluggish

Bitcoin saw a large decline in July,

but subsequently game tokens

andNFTmarkets have expanded, drawing attention to Ethereum and the ecosystem.

Since last year, SOLANA

Solana

andAvalanchehave also seen strong user growth and

are releasing their own applications in step with Ethereum.

In particular, globally large exchangesFTXsupport has boosted

SOLANAprice

Since last year I have held a small position inSOLANAwhich has risen almost 90-fold.

However, whether these projects can continue to attract users depends on the spread of applications and user-centric development aligned with market demand, which I personally look forward to with interest.

（Reference article）CoinGecko Q3 Report

https://bitcoin-newstart.com/coingekco2021q3

【COMSA Launch?】

On October 25,

Tech Bureau CEOCEOOsamu

Asayama stated the launch of COMSA for the first time in four years,COMSA

and

its price surged.

COMSAhadraised

However, subsequently the project’s progress has been questioned,

and investors who funded it have been concerned about its trajectory.

COMSAitself is a fundraising

platform

(similar to Coincheck’sIEOtype

projects,

its goals appear unchanged.

This is somewhat unusual domestic news, but what happens next?

・Why didn’t the project progress as expected?

・What happened to the 100 billion yen raised?

・What services will be developed going forward?

For the investors, it is necessary to have clear explanations about these points.

Cryptocurrency Market Analysis [October 26]