Cryptocurrency Market Analysis [July 12]

Cryptocurrency Practical Investment Article July 12

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【Cryptocurrency Market Analysis】

The price movement of cryptocurrencies since last week

(one week) is summarized below

Display: current price (change from one week ago)

Bitcoin271万円 (-1％）

Ethereum146000円(-6%）

Binance Coin30800円(-2％）

Ripple43円（-％）

Solana4600円(-7%)

Cardano59円（-7%）

Polkadot887円（-9%）

Avalanche 2410円(-%)

Uniswap780円（10%）

ICP　897円（17％）

Bitcoin has been moving at roughly the same level for a week since last week's 2.7 million yen.

Bitcoin Chart

Bitcoin’s price remains in a range, unchanged from last week. (price trapped between the red horizontal lines)

We will check the weekly chart.

Like last week (and indeed for some time now)

・Above the 200-day moving average

・The zone of the 2017 peak price is being watched

・The milestone of $20,000 (about 20100 dollars)

All these indicate a significant milestone.

As the yen strengthens against the dollar, cryptocurrency prices have increasingly been viewed in dollar terms as well.

And $20,000 is a price range that experts are paying attention to.

Last week I purchased NFT

Last week I bought an Ethereum-basedNFTcalledAI cyber skull bonsai.

It is art of sunflowers, bonsai, and skulls (skeletons).

The artist who created this art is Japanese,duo-san.

What I purchased this time is Ethereum-basedNFT, butDUO-san mainly releasesICPbasedIcyberskullNFTs.

ICP(Internet Computer Protocol) is the newest genre of protocol, but it is also a platform with low fees and very easy trading.

DUO-san is a serious artist, and when the artists who create the art and the supporting community are solid, the art tends to increase in value over time.

I primarily purchaseICPNFTs,but among themBTCflowerartistLUDOis planned to have a piece exhibited at the world's largest auction house, Christie's, in September,ICPmaking ICP a cryptocurrency that I invest in, while also viewing NFTs on that protocol as a significant investment target.

This time, DUO-san’s Bonsai art is the third piece, but overall the works have tended to be dark, whereas this one features sunflowers reminiscent ofBTCflowerand is a very intriguing piece with a strong accent.

If such works gain value, in the futureduo-san’s value as an artist would rise, and the community that supports it would hold a comparable level of importance.

DUO-san’s Art Details?

https://mirror.xyz/ohira.eth/KtauwEoKbyifmtj7TD4xP2_afm84pR2ICBx5_nERBX4

Will the gaming market be the next wave

GameStop, the U.S. video game retailer, has launched a beta of its NFT marketplace “GameStop NFT” (GameStop NFT).It was announced that GameStop would begin developing an NFT platform in May of this year.

https://www.neweconomy.jp/posts/243298

This is a well-known GameStop article related to games, but in terms of NFTs, Ethereum Layer 2 options such as Loopring and ImmutableX are being used as platforms.

Recently I have been hearing more news about gaming stocks, and it gives the impression that such foundations are progressing as projects.

Here, Loopring andimmtableX have already issued cryptocurrency, which is interesting.