Cryptocurrency Market Analysis [December 28]
Cryptocurrency Practical Investment Article December 28
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The domestic and international exchange rankings I choose
are here↓↓
https://bitcoin-newstart.com/bitcoin-account
【5th place in Magmag magazine awards】
Since 2020, a major newsletter site
Magmag announced the newsletter awards
and we were able to win a prize.
（Reference）In Magmag’s 2020 cryptocurrency newsletter assets management category, 5th place!
※Currently Magmag’s distribution has ended
and has migrated to this article.
https://bitcoin-newstart.com/2020magmag
【Cryptocurrency Market Analysis】
The price fluctuations of cryptocurrencies from last week
over the past week are summarized as follows
Summary: current price (change from one week ago)
Bitcoin5,660,000 yen (5.7％）
Ethereum450,000 yen(0%）
Ripple102 yen（2％）
Polkadot3,400 yen（24%）
Binance Coin64,000 yen(6％）
Cardano169 yen（19%）
Uniswap2,000 yen（26%）
ICP 3,000 yen（22％）
Solana22,000 yen(10%)
Avalanche 11,600 yen(-16%)
Subscribers
This will be the final serialized article of the year.
Thank you very much for all your support this year.
This year, we consolidated the content into this article from MagMag newsletter,
but readers who have subscribed previously
are welcome to continue subscribing, and I’m glad.
Also this year, I feel that assets have grown substantially.
I think this year was a year of significant asset growth.
Next year as well, I appreciate your continued support.
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Bitcoin rebounded from last week’s 5.2 million yen price and is currently around 5.7 million yen.
It has been hovering at this level.
Bitcoin daily chart
In the previous chart,
the price was about to drop below the 200-day moving average,
but then rebounded and moved above the average line again.
The current price has been in the short-term range (5.1–5.8 million yen) since early December.
Whether this range will be broken upward remains to be seen,
but with year-end, there is a possibility
that it may hover within the short-term range for a while.
From mid-December, the short-term decline has turned into an uptrend,
but from the span since early December, it can be considered a range market.
【Cryptocurrency ExchangeCMreleases continue】
BitFlyer features comedian Hitoshi Matsumoto.
Bit Point Japan has started a CM using baseball manager
Tsuyoshi ShinjoCM.
Reference site (Bit Point Japan)
https://prtimes.jp/main/html/rd/p/000000100.000033609.html
Using celebrities inCMis also quite high-profile
and could help spread awareness of cryptocurrencies.
Also, Matsumoto Hitoshi has been known for owning cryptocurrency (2017),
so he might have accepted offers for that reason.
【Autonomous Decentralized OrganizationDAO】
DAO (Decentralized Autonomous Organization)
The term DAO is becoming more recognized than ever.
DAO is an organization governed by programmed rules, such as smart contracts,
and decision-making is not centralized but decided by the entire organization.
For example, in decentralized exchanges like Uniswap, those who hold the cryptocurrency
UNIcan vote and participate in the organization’s decision-making as one example.
Next year,DAOmay be heard even more.
HoweverDAO as a reason
there is a possibility that fundraising scams will increase
so caution is advised.
Especially when influencers are involved
and so on, which has happened before,
you should consider projects comprehensively including whether they’re covered by major sites
like CoinPost.
and other factors when making judgments.
（Reference site）
https://gaiax-blockchain.com/dao
【Learn Layer 2】
Reduce Ethereum fees
About Layer 2 You Tube has videos with detailed content,
so if you’re interested, please take a look.
There are various chains even within Layer 2,
but among them,Zk-rollupis considered the main technology,
so it’s recommended as a topic.
Demo site
【Render Network could issue onSOLANA NFT】A rendering network building a decentralizedrendering network raised $30 million.Funders includeSOLANA Foundation andArameda and other Solana-relatedVCs.In other words, the rendering network mayuse Solana’s blockchain in the future toNFT issuances.ThusNFT is often imagined as Ethereum-based,but in the future, chains other than Ethereumsuch asBSC, Solana like this time,AVAX, etc.alsoNFT services will spread, I think.The Ethereum ecosystem itself has remained solid,but there are areas it cannot cover,and there are opportunities to leverage the merits of other chainsin service deployments.In particular Solana andAVAX have shown significant gains this year,and their future development is highly anticipated.Also, the rendering network’scryptocurrencyRNDR. Fortunately, I have held it since last year, andeven in the recent downturn, RNDR’s rise has helped preventmy assets from dropping significantly.RNDRdrawing greater attention isonly a matter of future observation,but after thorough research and accumulated holdingsI am grateful to see currencies grow.（Reference site）https://bitcoin-newstart.com/render211224
A rendering network building a decentralized
rendering network raised $30 million.
Funders includeSOLANA Foundation and
Arameda and other Solana-related
VCs.
In other words, the rendering network may
use Solana’s blockchain in the future to
NFT issuances.
ThusNFT is often imagined as Ethereum-based,
but in the future, chains other than Ethereum
such asBSC, Solana like this time,AVAX, etc.
alsoNFT services will spread, I think.
The Ethereum ecosystem itself has remained solid,
but there are areas it cannot cover,
and there are opportunities to leverage the merits of other chains
in service deployments.
In particular Solana andAVAX have shown significant gains this year,
and their future development is highly anticipated.
Also, the rendering network’s
cryptocurrencyRNDR. Fortunately, I have held it since last year, and
even in the recent downturn, RNDR’s rise has helped prevent
RNDRdrawing greater attention is
only a matter of future observation,
but after thorough research and accumulated holdings
I am grateful to see currencies grow.
（Reference site）
https://bitcoin-newstart.com/render211224
