Cryptocurrency Market Analysis [January 4]

Cryptocurrency Practical Investment Article January 4

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Ranking of domestic and international exchanges chosen by me

is here↓↓

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

【Awarded 5th place in Magmag’s Newsletter Grand Prize】

In 2020, the major newsletter site

Magmag announced the grand prize for newsletters, and

we were able to win an award.

(Reference) 2020 Magmag cryptocurrency newsletter won 5th place in the asset management category!!

※Currently Magmag distribution has ended

and this article has been migrated here.

https://bitcoin-newstart.com/2020magmag

【Cryptocurrency Market Analysis】

We summarize the price movements of cryptocurrencies over the past week as follows

and present the current price vs. one week ago.

Display: Current price (change since a week ago)

Bitcoin5,420,000 yen (-5%)

Ethereum445,000 yen (-2%)

Ripple97 yen (-6%)

Polkadot3,400 yen (-%)

Binance Coin60,000 yen(-6%)

Cardano155 yen (-10%）

Uniswap2,200 yen (10%）

ICP　3,700 yen（20％）

Solana20,000 yen(-10%)

Avalanche 12,500 yen(-8%)

Happy New Year.

Wishing you all the best this year.

This is the first article of the year.

Last year, many people significantly increased their assets

even those who joined later bought at high prices

and found that performance did not rise as expected.

I think there were various circumstances.

Because of that, what could have been done to improve performance?

I think calmly reflecting on these questions may be useful for future reference.

Last year,DeFi projects, platforms,NFT

and various other assets rose significantly.

I mainly hold platform-type assets (such as Ethereum),

and I think I managed to maintain a relatively solid bottom and operate effectively.

※Now to the main topic

Bitcoin has fallen from last week's 5.7 million yen

price and is currently around 5.4 million yen.

Bitcoin daily chart

Looking at the chart, it has been fluctuating within a range since December

in a sideways market.

Upper limit about 6,000,000～ lower limit about 5,200,000

There is still no large movement

in this situation.

However, prices are said to be moving above the 200-day moving average

level.

【Square Enix

New Year’s Address

“I would like to extend my respectful New Year’s greetings.”

2021 The year was notable for the metaverse. As discussions began about what the metaverse is and the potential business applications globally,10 month,Facebook changed its corporate name to “Meta,” becoming a concept that stuck beyond mere buzzwords and called the metaverse the “year of the metaverse.”

Behind this trend are advances inXR technology, the spread of cloud and5G, and the maturation of blockchain technology. These advances are converging under the metaverse concept into tangible services, and 2022 is expected to see the full swing into a real business phase with many services appearing. As the concept of metaverse becomes a concrete product or service, it is expected to have an even greater impact on our business this year.

Also, last year, another rapidly popular keyword wasNFT (non-fungible token). The advent of NFTs using blockchain technology greatly increased liquidity in the trading of digital assets, leading to various digital assets being traded at high prices and attracting worldwide attention.2021 was both the year of the “metaverse” and a year of “NFT’s birth”As such, one of the key points emphasized by major domestic game maker SquareEnix in its New Year’s address is“Metaverse,”NFT.”When you think of Square Enix,they are also known as initial investors in the meteoric rise of the metaverse stock The Sandbox last year.Square Enix is a game developer, so in the futureNFT and blockchaincould enter the gaming space.Traditionally, games generate profits by players paying for access or items, and the operating company profits; but now players can sell characters or weapons they have developed to others within the game, enabling in-game economic activity that is more decentralized and benefits players even more.I feel that such a shift is becoming more likely.→Reference articlehttps://www.hd.square-enix.com/jpn/news/2022/html/post_244.html?s=092021 was both the year of the “metaverse” and a year of “NFT’s birth”

As such, one of the key points emphasized by major domestic game maker Square

Enix in its New Year’s address is

“Metaverse,”NFT.”

When you think of Square Enix,

they are also known as initial investors in the meteoric rise of the metaverse stock The Sandbox last year.

Square Enix is a game developer

, so in the futureNFT and blockchain

could enter the gaming space.

Traditionally, games generate profits by players paying for access or items, and the operating company profits; but now players can sell characters or weapons they have developed to others within the game, enabling in-game economic activity that is more decentralized and benefits players even more.

I feel that such a shift is becoming more likely.

→Reference article

https://www.hd.square-enix.com/jpn/news/2022/html/post_244.html?s=09