Cryptocurrency Analysis and News Portal
Bitcoin, the top cryptocurrency by market value, dropped under the average in late December. A week later, ether, the second largest, and play-to-earn game Axie Infinity's AXS coin followed suit. Heavyweights from other sub-sectors like UNI, LINK, XMR, AAVE, PERP and YFI also fell below their 200-day MAs early this
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THETA, GALA, and SAND were some of Saturday’s biggest cryptocurrency casualties, as an onslaught of bearish pressure pushed prices lower. This came whilst market bulls were few and far between to begin the weekend. Biggest Gainers As of writing, DOGE and LUNA were both marginally higher, however it was XRP that made
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“Without clear utility for the value of the metaverse tokens, it serves as a proxy for investor's sentiments on the future of the metaverse,” said Vincent Choy, ecosystem architect of Oz Finance, in an email to CryptoX. “I believe that there will correlation between the tokens and stocks until the
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Sandbox (SAND) refused to go down despite broader negative market sentiment in the past 24 hours. Instead, the altcoin logged a breakaway recovery as traders assessed its recent high-profile partnerships as a sign that the project has strong fundamentals.SAND rose 10.23% to $3.38 at the UTC close on Jan.27, followed by another
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Dec. 13 will likely be remembered as a “bloody Monday” after Bitcoin (BTC) price lost the $47,000 support, and altcoin prices dropped by as much as 25% within a matter of moments. When the move occurred, analysts quickly reasoned that Bitcoin’s 8.5% correction was directly connected to the Federal Open Market
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El metaverso “puede cambiar fundamentalmente el medio a través del cual socializamos con otros, vemos espectáculos musicales, nos relacionamos con marcas de moda, aprendemos y/o especulamos con activos digitales como NFTs o skins de juegos”, escribió Morgan Stanley en un informe del 11 de noviembre. Source
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The metaverse is a digital world combining elements of augmented and virtual reality, the internet, gaming, art, culture and social networking. Participating in these worlds usually requires a user to use cryptocurrency tokens or purchase objects in the virtual world, which are typically sold as non-fungible tokens (NFTs). Original Source
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Bitcoin (BTC) and most major altcoins have been struggling to recover from the sharp fall seen on Nov. 26. This indicates that traders may be nervous to buy at current levels due to the uncertainty regarding the new heavily-mutated coronavirus strain detected in South Africa.According to a CryptoCompare report, Bitcoin’s
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The bullish move in SAND, the native cryptocurrency of the blockchain-based virtual world The Sandbox, gathered steam after a tweet by the German sporting goods manufacturing giant seemed to confirm a relationship between the two companies.The token has rallied 25% in the past 24 hours, hitting record highs above 47
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Ether (ETH), the native cryptocurrency of Ethereum’s blockchain, refreshed record highs on Tuesday amid continued bullish flows in the options market. Meanwhile, tokens associated with virtual reality games extended their rally on Facebook’s recent championing of the metaverse as the next evolution of social technology. Original Source
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