Cryptocurrency Market Analysis [November 15]
Cryptocurrency Practical Investment Article November 15
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In the newsletter'sQ&Asection, we will introduce a portion.
Ranking of domestic and international exchanges I choose
is here↓↓
https://bitcoin-newstart.com/bitcoin-account
【Cryptocurrency Market Analysis】
The price movements of cryptocurrencies since last week
are summarized as follows over the week
Show: current price (change from a week ago)
Bitcoin7,500,000 yen (5%)
Ethereum
53,800 yen(2%）
Ripple137 yen（0％）
Polkadot5,300 yen（-10%）
Binance Coin73,671 yen(16％）
Cardano237 yen（3%）
Uniswap2,800 yen（-2%）
ICP 5,500 yen（-10％）
Solana27,000 yen(-3%)
Avalanche 11,000 yen(11%)
Bitcoin has slightly decreased from last week's7,600 ten thousand yen
price to currently7,500 ten thousand yen and is moving at
the current level.
Bitcoin daily chart
In the current chart,
this year4月の高値圏の価格帯は
clearly penetrated upwards.
We can see that.
Also, compared to last week's price, there has been a correction
downward movement,3 days in a row
bullish candles（
have appeared, and the uptrend
continues.
Bitcoin's price decline is
this week due to the U.S.SEC rejectingBitcoin ETF
(spot)
as one of the reasons, but the price decline is limited.
【Bitcoin Upgrade Completed】
The Taproot upgrade for Bitcoin mentioned last week
has safely completed on Sunday.
The previous upgrade wasSegwit, and
2017 year.
Back thenin 2017,there was controversy over Segwit among Bitcoin supporters,
but this time there is no such conflict, and the community
as a whole, most people are looking forward to Bitcoin's upgrade.
With this upgrade, the network becomes stronger, and from a mid- to long-term viewpoint
we are very positive.
【SEC Denies Bitcoin ETF (Spot)】SEC in the United States deniesBitcoin (spot) approval
The U.S.SEC denied theBitcoin (spot).
Bitcoin ETF has futures and spot,
This spotETF is from VanEck, but another company’s
spot ETF is still pending approval by the SEC.
This is not a postponement but a denial as the current stance,
and likely approval within the year seems difficult.
One factor is price manipulation by tetherUSDT (dollar-pegged
stablecoin).
However, tetherUSDT already has a high market cap.
【Blockchain Gaming Firms' Massive Fundraising】
Blockchain gaming companyForte has completed an enormous fundraising of
8.2 billion yen.
Together with April's fundraising, it will total around
100 billion yen.
Forte is promoting the metaverse,NFT related in its business.
Speaking of the metaverse, Facebook recently
changed its corporate name to “Meta (meta)”
and indicates continued support for the metaverse.
It's quite surprising that Facebook, being a major company, is taking such bold actions.
In metaverse-related stocks, mentioning Decentraland, The Sandbox
and others, their prices surged significantly in response.
In the future, owning assets such as land and items in virtual space as
NFT will be possible, and blockchain-enabled games will allow you to sell your own characters and items to other players,
leading to more decentralized services.
Do you think this will unfold?
Reference articles
【CryptocurrencyRNDR Surge】
Since last year, RNDR has been featured in this article
and has surged greatly,RNDR reaching a peak price of 500 yen today.
When I introduced it last year, it was in the 12 to 20 yen range.
RNDR is a project that renders 3DD visuals using blockchain,
and it is famous for having the world-renowned digital artist Beeple on its board.
Beeple’s work was auctioned for an astonishing
Reference article
The works created by Beeple are being rendered with
RNDR rendering.
NFT and metaverse-related developments is worth watching for RNDR’s future.
