Cryptocurrency market analysis [December 20]
Practical Cryptocurrency Investment Article December 20
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The ranking of domestic and international exchanges I choose
is here↓↓
https://bitcoin-newstart.com/bitcoin-account
【Winner of Magmag's Newsletter Grand Prize, 5th place】
From Magmag, a major newsletter site in 2020,
the Newsletter Grand Prize was announced, and
we were able to win the award.
（Reference）2020 Magmag cryptocurrency newsletter—Asset Management division 5th place!!
※Currently Magmag distribution has ended
and has moved to this article.
https://bitcoin-newstart.com/2020magmag
【Cryptocurrency Market Analysis】
The price fluctuations of cryptocurrencies since last week
over the past week are summarized below
as shown
Display: Current price (change from one week ago)
Bitcoin5,200,000JPY (-8%)
Ethereum430,000JPY(-8%）
Ripple94JPY（-％）
Polkadot2,666JPY（-20%）
Binance Coin58,000JPY(-10％）
Cardano137JPY（-10%）
Uniswap1,600JPY（-12%）
ICP 2,400JPY（-26％）
Solana19,000JPY(-3%)
Avalanche 11,600JPY(-16%)
Bitcoin fell from last week's 5.5 million yen to around 5.2 million yen
price level520万円の水準で
this level aligns with the end-of-month price10月末の価格と一致する水準
.
Bitcoin daily chart
Looking at Bitcoin's chart
12月中旬からきれいな
downtrend
has developed.
There hasn't been much news and the volume appears low.
Bitcoin's price may settle in the range
from this year8to10month
at this level.
It may be that
however, in April of this year4the record of
7000,000JPY
and considering the November low,7month-end lows suggest
that the upward trend may continue over the yearly span
and is likely still in effect.
Also Bitcoin's200day
moving average (red curve) has been temporarily breached on the daily chart,
but it is still premature to conclude a full breakdown.
On the 15ththe U.S.FRBsignaled a faster pace of monetary tightening
which has been cited as a factor pulling money out of financial assets,
and year-end tax profit-taking as a factor in this decline.
The cryptocurrency market has seen heavy inflows in the first half of this year,
and now a breather may be due.
the depreciation caused by inflation of issued currencies
is not likely to disappear quickly, and its effects may unfold over several years.
In addition, this year has seen a significant bullish run in crypto,
and those who held profits in dollars (USDTandUSDC)
benefited from a stronger dollar and weaker yen, increasing their assets simply by holding.
Compared with last year, the value of the dollar has risen about 10% against the yen,
so1,000万円 worth ofUSDTheld would have increased by about
100万円 in assets against the yen.
That money can also be used for tax payments.
had a meeting with the former president of Argentina.
（Reference article）
Argentina has previously
9defaulted nine times,
and its economy has been unstable.
The fact that it is focusing on decentralized digital assets like cryptocurrency
and other developing countries are also moving in that direction
is noteworthy.
IMFand other lenders are relied upon by many countries, but
we believe Bitcoin and Ethereum will continue to be important assets with potential future value.
They will continue to attract attention as decentralized platforms.
【Adidas releasesNFTand sells out instantly】
Adidas' sportswear brand
Adidas Originals began releasing limited NFT on the 17thNFTto the world.
NFTsold out instantly,
reaching about 2.6 billion yen in sales.
BAYCand issued relatedNFTtokens.
The selling price was 0.2ETH(about 80,000 yen)
and by selling this NFT,
they sold usable tokens in the Sandbox (virtual space) for future services.
This event demonstrates that a more enthusiasticNFTcommunity remains today.
In the future, as more virtual space services are rolled out,
this enthusiastic community will likely drive further expansion of services.
The idea that intangible things in virtual spaces have value is still not widely recognized,
but Bitcoin and Ethereum, as well as other cryptocurrencies (digital assets), are helping to lead that recognition.
Reference article (by Kinkan at BitFlyer)
https://blog.blockchain.bitflyer.com/n/n75c822abb2ba
【Mastercard, a credit card giant, supports Ethereum blockchain projects】
Mastercard is a major credit card company
that is collaborating on services and development regarding the Ethereum blockchain.
The service is named “
・EVM対応ブロックチェーンに接続可能
・Focus on scalability and privacy
・最大1万TPS throughput achieved
・Use cases include「CBDC、DEX、personal remittance and tax processing」
Here, what stands out is that Ethereum's blockchain remains central to the plan.
Ethereum's blockchain has a proven track record, and in terms of security, it is among the chains that major companies would adopt.
This makes it one of the most viable options.
Reference article (New Economy)
https://www.neweconomy.jp/posts/175190
【Will online meetings become metaverse (virtual space) in 2–3 years?】
※Image from Decentraland
“Microsoft's co-founder Bill Gates predicts how the future of work will change with the rise of the metaverse. In his personal blog, he writes that within the next 2–3 years most online meetings will move from a 2D grid of camera images to a 3D space in the metaverse using digital avatars.”
As such, Microsoft CEO Bill Gates has suggested that the metaverse could become commonplace in a few years.
Regarding the metaverse, Facebook changed its company name to meta,
and cryptocurrencies such as
MANA,SAND,RNDRhave attracted a lot of attention with meteaverse tokens.
Today’s article about Adidas also shows their strong intention to participate in the metaverse, such as purchasing land on SAND and issuing NFT.
SANDland purchases,NFTissuance, etc.
We can sense Adidas’ proactive entry into the metaverse.
Meetings using the metaverse could increase realism online.
In addition, in cryptocurrency, on the blockchain, the metaverse may increasingly influence land, NFT, and character ownership.
Currently, Decentraland (MANA) and The Sandbox (SAND) are trading metaverse land,
and in addition,NFTcan be verified in the space and purchased.
Thus, you may be able to verify in space as well.
Also,IC (Internet Computer)
In the virtual space, you may be able to use purchased animal NFTs to move aroundand trade them.
ICNFTs enable breeding of animals to create new NFTs,leading to more realistic concepts.
With Ethereum, fees remain a consideration; I want to focus on the progress of layer-2 next year.
（Reference article）
https://www.moguravr.com/bill-gates-prediction-about-metaverse/
