Cryptocurrency Market Analysis [November 29]
Practical Cryptocurrency Investment Article November 29
To all subscribers
＊For paid subscribers, please also see the article at the hidden link below.
記事の非公開リンクをご覧ください。
＊If you have topics you’d like covered in the newsletter or questions, please contact us.
＊メルマガで取り上げて欲しい話題や質問があればご連絡ください。
The NewsletterQ&Asection will include a portion of it.
Click here for the ranking of domestic and international exchanges I’ve chosen
↓↓
https://bitcoin-newstart.com/bitcoin-account
【Ranked 5th in Mag Magazine Awards】
From Mag Magazine, a major newsletter site in 2020
the Magazine Award was announced
and I was able to win an award.
（Reference）2020 Mag Magazine cryptocurrency newsletter Asset Management category 5th place!!
※Currently Mag Magazine distribution has ended
and has moved to this article.
https://bitcoin-newstart.com/2020magmag
【Cryptocurrency Market Analysis】
Price fluctuations of cryptocurrencies since last week
(one week) are summarized as follows
Summary: Current price (change from one week ago)
Bitcoin6,500 ten thousand yen(-％）
Ethereum490,000 yen(-1%）
Ripple111 yen（-10％）
Polkadot4,000 yen（-16%）
Binance Coin69,000 yen(2％）
Cardano180 yen（-16%）
Uniswap2,300 yen（-%）
ICP 4,700 yen（-％）
Solana23,000 yen(-13%)
Avalanche 13,000 yen(-15%)
Bitcoin has remained at the same level as last week's6,500 ten thousand yen
price level.
Bitcoin daily chart
However, a few days ago it fell to
6,000 ten thousand yen,
and today it has risen sharply
to move at this level.
The decline is said to have been caused by Omicron variant reports.
Nevertheless, considering the COVID-19 situation up to now,
it tends to cause inflation in fiat currencies,
and we need to pay attention to how各国の
responses to the ongoing COVID situation will unfold.
Also since last yearOct,
if you look at the candlesticks,
there are two peaks,
a double head (top),
which suggests there is a risk of price falling from current levels,
though in the crypto market
technical analysis does not always work well,
so take it as a reference at most.
Regarding major price highs and lows
which are being somewhat anticipated.
※ Above image shows MicroStrategy announcing Bitcoin purchases
The purchases by Bitcoin were made during a drop to around
6,000,000 yen.
・El Salvador (country) →100 BTC
・MicroStrategy (company) →7,000 BTC
Additionally, their total Bitcoin holdings are
・El Salvador → 1,220BTC
・MicroStrategy → 121,044BTC
Difference is 100xw
MicroStrategy
has become a major influencer as a Bitcoin company
and as Bitcoin rises, MicroStrategy's performance
improves and its stock price rises,
making it a very Bitcoin-related company.
Like BitcoinETFin effect
（ETFis a financial product that tracks a price.
El Salvador is collaborating with Bitcoin company
as a plan.
Regarding El Salvador, while there may not be huge profits yet
compared to other countries,
the infrastructure construction costs seem relatively low,
giving a rapid impression.
However, if something like Bitcoin City attracts
crypto investors from around the world,
it would be interesting in its own right.
But since El Salvador is not known for good security,
if that were to happen, that would be a concern...
Also regarding Bitcoin, Singapore appears to have released two Bitcoin
trusts (funds).
Because these are trusts, you do not directly buy Bitcoin
but buy the trust, and the management company will acquire Bitcoin
on your behalf.
Tax rates are the same as stocks, and the management is done by
the management company, so this Singapore initiative
is likely to attract further crypto investors.
Japan is...?
【Coincheck IEO】IEO
Coincheck has decided toIEOsecond round
to be conducted.
In the previous domestic firstIEO,
fundraising reached the limit,
and after listing there was a big
price surge, making it a huge success.
In the previous IEO, Pallette raised
and the final drawing was conducted.
（Reference site）
https://bitcoin-newstart.com/coincheck-plt210720
This time’sIEOis in the same genre as before
NFTand tokenization focused on
fundraising for a business.
This is a project by Financie Co., Ltd.
IEOIn the IEO, Coincheck will assess Financie's business
and raise funds on Financie’s behalf, issuing Financie’s
cryptocurrency.
（Official）
https://prtimes.jp/main/html/rd/p/000000131.000042665.html
Financie is currently issuing tokenized assets for players
such as Bellmare and Avispa Fukuoka.
Tokenized fan tokens are being issued.
In addition, Financie’s advisors include Keisuke Honda, Yuto Nagatomo, and
the blockchain research company Hirano, among others.
No concrete announcements yet, but aims to implement by summer
2022.
IEOParticipation requires opening a Coincheck account.
To participate, you can open an account with Coincheck.
（About Coincheck）
https://bitcoin-newstart.com/coincheck-bitcoin
【Origin Protocol funds raised from Paris Hilton and others】
On an NFT platform on the Internet Computer
NFTplatform
Origin Protocol (ORIGYN)
announced $20 million in funding.
NFTNFTs are mostly Ethereum-based
but this Origin is on Internet Computer (IC).
For some reason, this is not widely covered in news.
In particular, Internet Computer is said to be highly versatile and scalable,
so the future service deployments of Origin are of great interest.
Expectations are high for Origin’s future expansion.
By the way, on Internet Computer there is a cryptocurrency
ICPissued.
※Not available for handling domestically
（Official site）
