Cryptocurrency market analysis [July 25]
Practical Cryptocurrency Investment Article July 25
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【Cryptocurrency Market Analysis】
The price fluctuations of cryptocurrencies from last week
(one week) are summarized as follows
Summary: current price (change from one week ago)
※From this time, we will use the dollar notation.
（Cryptocurrencies have a lot of information from overseas, so dollar notation is easier to express）
※1Dollar =139 yen
Bitcoin29262 dollars（-2％）
Ethereum1863 dollars(-2%）
Binance Coin240 dollars(-％）
Ripple0.7 dollars（-7％）
Solana23 dollars(-7%)
Cardano0.3 dollars（-%）
Polkadot5 dollars（-%）
MATIC 0.7 dollars(-4%)
Avalanche 13 dollars(-%)
Uniswap6 dollars（-%）
Bitcoin has been fluctuating in the price range of 30,000 to 32,000 dollars as it did last week.
Bitcoin Daily Chart
Current considerations on Bitcoin price
○Target price is 32,000 dollars (level of May last year)
○200-day moving average is breaking upward
and the uptrend is continuing.
Currently price has declined from last week and is at the lower end of the range.
As for the weekly chart, the analysis is as follows.
Weekly Chart
・200-day moving average (orange line) is breaking upward and rising
The current price has clearly broken above the 200-day moving average and is moving at the same level.
The weekly chart shows little change compared with last week.
Since volume is low, if this continues, there is a possibility of a large move somewhere.
And usually when volume converges, the last big move often occurs
Twitter changed its logo to X and will support cryptocurrency payments
The American social media giant Twitter has removed its emblematic blue bird logo and officially changed its brand to “X” named after the operating company
Mr. Musk intends to create an app usable in everyday life for electronic payments and other scenarios, and the branding change is expected to strengthen development.
https://www3.nhk.or.jp/news/html/20230725/k10014141211000.html
X relates to SpaceX and autonomous car modelsX and other related naming.
It seems the goal is to occupy half of the world's finance, and information indicates it will support cryptocurrency payments.
Among supported currencies, Dogecoin rose first.
The world's largest web3 conference held
On July 25, CoinPost Co., Ltd. planned and organized the globally scaled WebX conference, Asia’s largest, gathering major players, startups, companies, investors, government officials, media, and general attendees from Japan and abroad.
Japanese Prime Minister Fumio Kishida appeared via video message. He referenced the government’s “New Capitalism” and emphasized making social issue solving the engine of growth.
He spoke of Web3 as a technology that could transform the traditional internet framework and drive social change, and noted the government’s efforts to create an environment to promote Web3.
ーーーーーーーー
As described above, Tokyo is currently hosting one of the world's largestweb3 conferences. In short, cryptocurrency.
The Liberal Democratic Party, the Financial Services Agency, and other government agencies, as well as major overseas exchanges, and global projects such as Roger Ver, known as the Bitcoin God, are gathering in Tokyo.
However, my personal view is that despite tax incentives for mid- to long-term holdings in Japan and other countries, the top tax rate is still being charged, and it is not clear whether the approach truly considers web3.web3I think this conference itself is a very good event. It would be a good opportunity to feel Japan being left behind.
World Coin listed on major exchanges
The crypto asset project “World Coin,” founded by Sam Altman, CEO of OpenAI, starts on the 24th.
At the heart of the project is an account called “World ID,” which can only be obtained by real humans. To obtain World ID, after registering, you use a special device the size of a bowling ball called the “Orb” to scan the iris of the eye. If the scanning authenticates you as a real human, a World ID is created.
https://jp.reuters.com/article/tech-ai-worldcoin-idJPKBN2Z40JD
ChatGPT andAIyou’ve probably heard of, but the project started by the founder of that company is World Coin.
Cryptocurrency has already been issued, and it is listed on overseas major exchanges under the currency unitWLD.
The founders who are involved in the current AI business open to the publicAIare drawing attention.
