Cryptocurrency market analysis [April 4]
Practical Cryptocurrency Investment Article April 4
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【Cryptocurrency Market Analysis】
The price fluctuations of cryptocurrencies since last week
are summarized as follows (one week)
Summary: current price (change since one week ago)
※From this time, prices will be shown in dollars. (Since information about cryptocurrencies often comes from overseas, dollar notation is easier to express.)
※1Dollar = 134 yen
Bitcoin28,300dollars (4％）
Ethereum1,875dollars(9%）
Binance Coin311dollars(-％）
Ripple0.5dollars（5％）
Solana21dollars(5%)
Cardano0.39dollars（-%）
Polkadot6.45dollars（9.7%）
Avalanche 17dollars(5.4%)
Uniswap6.1dollars（8.4%）
Bitcoin daily chart (in dollars)
Bitcoin rose last week and again surpassed $28,000.
Bitcoin daily chart
Bitcoin remains in the high price range, including the all-time high for the year.
From the current standpoint
○Target price is $30,000 (level of last May)
○200-day moving average is breaking above
and, although short-term, the uptrend can be considered to be continuing.
The weekly chart analysis is as follows.
Weekly chart
• End of 2017 bubble’s peak price was broke below for the first time this year.
• 200-day moving average (orange line) broke above
In the weekly chart, last week rose significantly, but the opening and closing prices ended up roughly the same.
The weekly chart is moving at the same price level as last week, and the current price range lies at the same level as the lows of early 2021 and July 2021.
The trend suggests a shift in perception due to the collapse of major U.S. banks.
The world’s largest exchangeBinanceCEOhas stated that “you cannot print currency without inflation.”
Bitcoin account openings exceeding 100,000 on Mercari
The number of new accounts for buying and selling Bitcoin within the Mercari app exceeded 100,000 in the first month. The Mercari subsidiary MercariCoin, which operates the service, announced this on April 3. 77% of users have no prior experience with cryptocurrency trading.
https://www.itmedia.co.jp/news/articles/2304/03/news082.html
Bitcoin service on Mercari appears to be drawing significant attention.
When buying Bitcoin on Mercari, identity verification on a smartphone is required, and that has surpassed 100,000 users.
People hold earnings in Bitcoin and, if its value rises in the future, they may buy goods with it. For now, Bitcoin transfers and MerPay payments are not possible, so Bitcoin can only be used within Mercari, which is a limitation, but it indicates that Mercari users are interested in Bitcoin.
Previously, Bitcoin had a somewhat shady image, but with major players starting to handle it, the image may gradually change.
Amazon to expand NFT services? A new NFT service?
There are reports that the largest e-commerce company, Amazon, will soon release an NFT (non-fungible token) marketplace. Based on information from seven sources and leaked terms of use, the crypto asset media “Blockworks” reported it on the 1st.
NFTRegarding NFTs, Amazon is preparing a place where NFTs can be bought and sold, which is interesting news.
NFTIn terms of NFTs, Instagram took the lead and added NFT posting functionality within Instagram. This connects Instagram with a crypto wallet so you can post NFTs from the wallet on Instagram. However, that feature yesterday was paused for now, and Instagram is focusing on digital payments business.
Thus, even though NFTs are shrinking on Instagram, the fact that Amazon, the largest online retailer, is launching an NFT marketplace is notable for how it will capture the NFT market.
As mentioned in the article, NFT trading can be done without gas fees (no fees).
Twitter logo changes from blue bird to Dogecoin, causing Dogecoin surge
Among major altcoins, Dogecoin (DOGE) surged more than 25% day-on-day. It reached a multi-month high not seen in about four months.
Elon MuskCEOtweeted that the blue bird icon of Twitter would be changed to the Shiba Inu (Doge mascot), triggering the surge.
Elon Musk’s legal team3月31日 petitioned the court to dismiss allegations that Dogecoin (DOGE) was manipulated to harm investors.
1.3Elon Musk, with hundreds of millions of followers, has freely expressed himself, and due to his influence, prices of cryptoassets like Dogecoin and Bitcoin can be affected, which has caused controversy in the past
ーーーー
For a while, Elon Musk’s Dogecoin topics were quiet, but now there is unexpected Dogecoin discussion from Elon Musk.
I haven’t checked the app, but on PC Twitter, Dogecoin appeared, and I was surprised last night.
I recall that Dogecoin once surged when Tesla built a giga-factory in Texas and fired Dogecoin fireworks at the ceremony.
All eyes are on how Elon Musk, who aims to lead Twitter into a financial institution role, will handle Dogecoin.
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(This article has been distributed since 2016)
