Cryptocurrency market analysis【March 15】
Cryptocurrency Practical Investment Article March 15
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【Cryptocurrency Market Analysis】
The price fluctuations of cryptocurrencies from last week (one week)
are summarized as follows
Display: current price (change from one week ago)
Bitcoin457万円 (4％)
Ethereum300000円(4%）
Ripple89円（6％）
Cardano93円（1.6%）
Polkadot2000円（7%）
Binance Coin43000円(-2％）
Solana95000円(-%)
Avalanche 9000円(-8.9%)
Uniswap1000円（-%）
ICP 1800円（-3％）
Bitcoin has fallen from last week's 5,000,000 yen and prices are gradually converging in the short term.
Bitcoin daily chart
Price range volatility is gradually converging, and the range of fluctuations is narrowing.
The price itself is converging more and more, but afterwards the price is expected to move up or down again.
However, it remains in a range of 4,000,000 to 5,200,000 yen, and recently there has been little movement from investors, with the market entering a stagnant phase and some adopting a wait-and-see stance.
Also, the price is still below the 200-day moving average line in red on the chart.
Moreover, March 15 is the deadline for tax filing, with an extension to April 15, but investors trading overseas may be swamped by profit and loss calculations, and they may not have time for that...
Including me...
【US Presidential Order】
Last week, US presidential order drew attention
“On the 9th, President Biden signed an executive order concerning digital assets (cryptocurrencies).”9The title of the order includes the wording “Realizing the responsible development of digital assets.” The US approach is to carefully address risks while leveraging the potential benefits of digital assets and underlying technologies. This is the first US presidential order specifically targeting digital assets like cryptocurrency.
Last November, when the overall market capitalization exceeded 3 trillion dollars (about 347 quadrillion yen), and 16% of American adults (about 40 million) trade or use cryptocurrency, and over 100 countries were already conducting CBDC experiments, etc., …
https://coinpost.jp/?p=328625#038;from=in_article00
In this way, the presidential order concerning cryptocurrency drew attention last week.
The United States positioning digital assets and technology as important has a very large impact.
Well-known investor George Soros had warned that the government might try to crush Bitcoin, but the US government has stated it has no intention to ban Bitcoin, and this time signs it as an important asset.
Such proactive stance reflects the United States.
The dollar is rising sharply against the yen, andGAFAis expanding globally and supporting US stock prices, which is likely due to their willingness to adopt these new technologies.
Japan is… lagging far behind, and this is only being talked about in parliament...
Rather than just taking taxes, nurturing the industry and leading it is probably the key.
That may be the reason why the United States, with its various economic indicators such as economic growth, wages, and stock prices, is so far ahead of Japan.
【El Salvador plans to issue Bitcoin bonds】
The small Central American country El Salvador, famous for making Bitcoin legal tender, is reportedly planning to issue Bitcoin bonds soon.
The bonds will distribute 50% of profits to buyers, and proceeds from the bonds will go into Bitcoin City construction and public finances.
This is a very interesting topic.
Bitcoin City will use geothermal power from its own volcano to mine Bitcoin.
There will be significant tax incentives, including zero income tax and zero capital gains (foreign exchange gains).
As Bitcoin City becomes active and improves environment and education, I am personally curious about what changes will ripple through the country.
Regarding El Salvador, while there are views that living there may be uncomfortable due to security concerns, there is also talk that Bitcoin City could change the country itself.
【The Third New Tokyo City in the Virtual Space】
In the metaverse, the stage for Evangelion, the Third New Tokyo City is reportedly going to be released.
https://www.itmedia.co.jp/news/articles/2203/10/news080.html
By purchasing digital figures, you can experience inside the metaverse the Third New Tokyo City, which is a huge draw for a popular anime.
Plans exist to sell land and rooms as NFTs, and even the apartment of Rei Ayanami from Evangelion may be put up for sale.
Of course, this is official news, and I assume it has the Evangelion official approval, but including the quality, expectations are rising for the future.
There will be fans from the Evangelion youth who want to buy NFT land.NFTIf so, you can also resell the land to others, making the value of Third New Tokyo City interesting to watch in the future.
The exact release timing has not been clarified, but developers have commented that it is “coming sooner than expected.”
