Hi everyone, crypto-punks!
It's not for nothing that I asked if you are familiar with Web 3.0.
After all, we keep hearing from all over, metaverses, decentralized platforms and applications, NFT and so on.
Seems to me that the convergence of all of this points to the emergence of the long-awaited Web 3.0. And what is it, I'm gonna describe in a series of two posts.
π @TgBitcoin
It's not for nothing that I asked if you are familiar with Web 3.0.
After all, we keep hearing from all over, metaverses, decentralized platforms and applications, NFT and so on.
Seems to me that the convergence of all of this points to the emergence of the long-awaited Web 3.0. And what is it, I'm gonna describe in a series of two posts.
π @TgBitcoin
Web3
Part 1
That's the next step in the evolution of the Internet.
It started with Web1, presented by Netscape and AOL, then came Web2, which is where we are today.
Google andFacebook Meta dominate it ( as you guessed it).
Yet with the advent of Web3, users alone can control their data, excluding intermediaries - that is decentralization.
The main catalyst is the emergence of "play and earn" games in which users play exchange their earnings for NFT to raise money.
Such games already exist now, and they're increasingly in demand.
Like Axie Infinity, where more than 2 million active players participate.
π @TgBitcoin
Part 1
That's the next step in the evolution of the Internet.
It started with Web1, presented by Netscape and AOL, then came Web2, which is where we are today.
Google and
Yet with the advent of Web3, users alone can control their data, excluding intermediaries - that is decentralization.
The main catalyst is the emergence of "play and earn" games in which users play exchange their earnings for NFT to raise money.
Such games already exist now, and they're increasingly in demand.
Like Axie Infinity, where more than 2 million active players participate.
π @TgBitcoin
BREAKING: BlackRock, the world's largest asset manager ($10 trillion AUM) has filed a Blockchain ETF
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ππΌ @TgBitcoin
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ππΌ @TgBitcoin
Bitcoin Mayer Multiple, which is one of my absolute favourite metrics, has fallen to 0.75.
Historically speaking, MM values this low have only ever occurred for 15% of Bitcoin's life.
That means 85% probability of oversold.
Keep it simple.
π
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ππΌ @TgBitcoin
Historically speaking, MM values this low have only ever occurred for 15% of Bitcoin's life.
That means 85% probability of oversold.
Keep it simple.
π
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ππΌ @TgBitcoin
The biggest security breaches of 2021
According to on-chain analytics firm Chainalysis, the volume of criminal cryptocurrency transactions in 2021 peaked at a new all-time high β $14 billion. However, despite the rise in criminal transfer volume, its relative share to the entire cryptocurrency transaction volume of 2021 was the lowest of all time.
1. Poly Network β $611 million
2. Bitmart β $196 million
3. Cream Finance β $130 million
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ππΌ @TgBitcoin
According to on-chain analytics firm Chainalysis, the volume of criminal cryptocurrency transactions in 2021 peaked at a new all-time high β $14 billion. However, despite the rise in criminal transfer volume, its relative share to the entire cryptocurrency transaction volume of 2021 was the lowest of all time.
1. Poly Network β $611 million
2. Bitmart β $196 million
3. Cream Finance β $130 million
π
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ππΌ @TgBitcoin
π BTC price falls to $34K as Bitcoin RSI reaches most 'oversold' since March 2020 crash
In March 2020 BTC/USD crashed to $3,600 before staging a comeback that would last well into the following year.
Daily RSI stood at just 20 Saturday, already well below even the classic "oversold" zone.
π
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ππΌ @TgBitcoin
In March 2020 BTC/USD crashed to $3,600 before staging a comeback that would last well into the following year.
Daily RSI stood at just 20 Saturday, already well below even the classic "oversold" zone.
π
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ππΌ @TgBitcoin
Bitcoin Has Lost Half Its Value Since Hitting Record High
Bitcoinβs has wiped out more than $600 billion in market value, and over $1 trillion has been lost from the crypto market cap.
With the Federal Reserveβs intentions on reining in inflation rocking both cryptocurrencies and stocks, a dominant theme has emerged in the digital-asset space: cryptos have moved in the same way as equities and many other risk assets.
π
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ππΌ @TgBitcoin
Bitcoinβs has wiped out more than $600 billion in market value, and over $1 trillion has been lost from the crypto market cap.
With the Federal Reserveβs intentions on reining in inflation rocking both cryptocurrencies and stocks, a dominant theme has emerged in the digital-asset space: cryptos have moved in the same way as equities and many other risk assets.
π
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ππΌ @TgBitcoin
JPMorgan stated Ethereum is losing market share in NFT to Solana
ETH's dominance in NFT is falling due to congestion and high gas fees.
In early 2021, ETH's share of the non-interchangeable token market fell from 95% to 80%.
The report also said that since NFT is the fastest growing industry in the crypto ecosystem, Ethereum's share of that market is more relevant than that of decentralized finance.
The bank previously warned Ethereum's dominance in DeFi is in jeopardy, adding that if it keeps losing share of the NFT market it could be a serious problem for its valuation.
In short, other networks are much more efficient, faster, and trivially cheaper.
It seems to me large amount of transactions will stick there, and the rest will be distributed not only in SOL network but also in other networks.
π @TgBitcoin
ETH's dominance in NFT is falling due to congestion and high gas fees.
In early 2021, ETH's share of the non-interchangeable token market fell from 95% to 80%.
The report also said that since NFT is the fastest growing industry in the crypto ecosystem, Ethereum's share of that market is more relevant than that of decentralized finance.
The bank previously warned Ethereum's dominance in DeFi is in jeopardy, adding that if it keeps losing share of the NFT market it could be a serious problem for its valuation.
In short, other networks are much more efficient, faster, and trivially cheaper.
It seems to me large amount of transactions will stick there, and the rest will be distributed not only in SOL network but also in other networks.
π @TgBitcoin
Despite the Drop in Crypto Prices, Weekly NFT Sales Reach $4.7 Billion, Increasing 81%
While crypto markets shed billions during the last seven days, non-fungible token asset sales are still up 81% since last week. Statistics indicate $4.7 billion in NFT sales were settled in seven days among 326,733 buyers, and Ethereum saw a continued rise in NFT sales volume.
π
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ππΌ @TgBitcoin
While crypto markets shed billions during the last seven days, non-fungible token asset sales are still up 81% since last week. Statistics indicate $4.7 billion in NFT sales were settled in seven days among 326,733 buyers, and Ethereum saw a continued rise in NFT sales volume.
π
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ππΌ @TgBitcoin
Want to know where the Bitcoin floor could be?
It is important to understand that the Floor Price Band adjusts daily based on onchain data inputs.
Floor Price Band
$29,509 - $32,170
Only 4 days (0.01%) below the Floor Price Band over the last 10 years.
π
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ππΌ @TgBitcoin
It is important to understand that the Floor Price Band adjusts daily based on onchain data inputs.
Floor Price Band
$29,509 - $32,170
Only 4 days (0.01%) below the Floor Price Band over the last 10 years.
π
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ππΌ @TgBitcoin
Weekly Crypto Recap:
1. Coinbase x Mastercard NFT
2. Intel to build a Bitcoin mining chip
3. CashApp integrates lightning in the US
4. Milo to offer 100% BTC-backed mortgage
5. 300 US banks to trade BTC
6. Microsoft $70B Activision buy (metaverse)
7 - Instagram to integrate NFTs
8 - Google created a blockchain division
9 - Twitter rolling out NFT verification
10 - Charles Schwab open to crypto
11 - Blackrock files for Blockchain ETF
12 - South Korea 5-year metaverse plan
π
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ππΌ @TgBitcoin
1. Coinbase x Mastercard NFT
2. Intel to build a Bitcoin mining chip
3. CashApp integrates lightning in the US
4. Milo to offer 100% BTC-backed mortgage
5. 300 US banks to trade BTC
6. Microsoft $70B Activision buy (metaverse)
7 - Instagram to integrate NFTs
8 - Google created a blockchain division
9 - Twitter rolling out NFT verification
10 - Charles Schwab open to crypto
11 - Blackrock files for Blockchain ETF
12 - South Korea 5-year metaverse plan
π
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ππΌ @TgBitcoin
Erik Thedeen, vice chairman of the European Securities and Markets Authority said:
"Cryptocurrencies pose a risk to meeting climate change goals in the Paris agreement"
He also advocates banning the Proof of Work consensus algorithm to push the industry toward a less energy-intensive Proof of Stake model.
That's an interesting idea, everyone is just talking about it, but it hasn't come to fruition yet.
Pretty sure that with the new algorithm, even more people will embrace the crypto and NFT market and start getting curious about them.
π @TgBitcoin
"Cryptocurrencies pose a risk to meeting climate change goals in the Paris agreement"
He also advocates banning the Proof of Work consensus algorithm to push the industry toward a less energy-intensive Proof of Stake model.
That's an interesting idea, everyone is just talking about it, but it hasn't come to fruition yet.
Pretty sure that with the new algorithm, even more people will embrace the crypto and NFT market and start getting curious about them.
π @TgBitcoin
Ft
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π @TgBitcoin
Join to free crypto trading signals channel and work with us:
π @TgBitcoin
Ethereum Foundation Cashed Out A Large Sum Of ETH At The Peak Yet Again
The Ethereum Foundation, the non-profit dedicated to supporting the Ethereum blockchain and its ecosystem, allegedly cashed out a huge sum of ETH at the November top. The findings came to light by a cryptocurrency analyst, who dug into the Foundationβs historical account data.
π
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ππΌ @TgBitcoin
The Ethereum Foundation, the non-profit dedicated to supporting the Ethereum blockchain and its ecosystem, allegedly cashed out a huge sum of ETH at the November top. The findings came to light by a cryptocurrency analyst, who dug into the Foundationβs historical account data.
π
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ππΌ @TgBitcoin
The crypto market lost more than 7% in 24 hours last night
Capitalization dropped below $1.8 trillion, its lowest level since September 28, 2021.
Some altcoins lost over 10% of their capitalization.
And in the last day, traders liquidated positions by $627 million
Wonder if it's crypto-winter or whether the whales are deliberately pushing the market to buy cheaper?
π @TgBitcoin
Capitalization dropped below $1.8 trillion, its lowest level since September 28, 2021.
Some altcoins lost over 10% of their capitalization.
And in the last day, traders liquidated positions by $627 million
Wonder if it's crypto-winter or whether the whales are deliberately pushing the market to buy cheaper?
π @TgBitcoin
MVRV is currently 1.50, which indicates Bitcoin wallets still have +50% unrealized profits.
If this is the end of the bull cycle, we should keep our eyes on this classic indicator to catch the cyclic bottom.
Historically, the cyclic bottom comes when MVRV reached below 1.
π
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ππΌ @TgBitcoin
If this is the end of the bull cycle, we should keep our eyes on this classic indicator to catch the cyclic bottom.
Historically, the cyclic bottom comes when MVRV reached below 1.
π
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ππΌ @TgBitcoin
How decentralized is the Bitcoin mining network?
- The 5 biggest public miners control 7% of the hashrate
- 70% of the hashrate goes through the 5 biggest pools*
*Miners can switch pools, so pools don't control the hashrate.
π
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ππΌ @TgBitcoin
- The 5 biggest public miners control 7% of the hashrate
- 70% of the hashrate goes through the 5 biggest pools*
*Miners can switch pools, so pools don't control the hashrate.
π
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ππΌ @TgBitcoin
π₯ , a new startup founded by ex- Binance.com, Tiktok.com, and Crypto.com employees, raised $3.26m from Private investors (Yahoo).
Lewk will connect creators with publishers in an ads marketplace that's offering auto payouts of rewards through blockchain. The platform will also provide creators with a rich social media content portfolio showcasing features and unprecedented options for monetizing their content through crypto.
β Are you a content creator on Tiktok, Instagram, Youtube, or Twitter?
β Are you a brand or a publisher looking to promote your product or service?
β Are you a crypto investor looking for the next token to invest in?
β Register for the waitlist today!
β β Twitter
β Discord
β Coinmarketcap
β Litepaper
π @TgBitcoin
Lewk will connect creators with publishers in an ads marketplace that's offering auto payouts of rewards through blockchain. The platform will also provide creators with a rich social media content portfolio showcasing features and unprecedented options for monetizing their content through crypto.
β Are you a content creator on Tiktok, Instagram, Youtube, or Twitter?
β Are you a brand or a publisher looking to promote your product or service?
β Are you a crypto investor looking for the next token to invest in?
β Register for the waitlist today!
β β Twitter
β Discord
β Coinmarketcap
β Litepaper
π @TgBitcoin
JP Morgan Chase has closed down the bank account of Uniswap's founder. He says it's simply for working in crypto.
JP Morgan has closed down the bank account of Uniswap's founder Hayden Adams, a software engineer and tech entrepreneur. He says not only him, but many others have been targeted just because they work in crypto.
This is an abusive display of power.
Uniswap is a multi-billion market cap trading platform that does revenue comparable with the likes of Robinhood.
Banks shutting down accounts of individuals just because they work in what could be perceived as a competitor industry should never be tolerated.
π
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ππΌ @TgBitcoin
JP Morgan has closed down the bank account of Uniswap's founder Hayden Adams, a software engineer and tech entrepreneur. He says not only him, but many others have been targeted just because they work in crypto.
This is an abusive display of power.
Uniswap is a multi-billion market cap trading platform that does revenue comparable with the likes of Robinhood.
Banks shutting down accounts of individuals just because they work in what could be perceived as a competitor industry should never be tolerated.
π
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ππΌ @TgBitcoin
Guys, guess what, now is an excellent opportunity to buy crypto at a cheaper price.
What I truly cannot stand is anyone trading at a loss.
Such as one large whale, who withdrew 4000 BTC from Coinbase in one transaction.
Btw the commission was $0.8.
Anyway, who knows, maybe he was storing it and all of a sudden needed the money.
π @TgBitcoin
What I truly cannot stand is anyone trading at a loss.
Such as one large whale, who withdrew 4000 BTC from Coinbase in one transaction.
Btw the commission was $0.8.
Anyway, who knows, maybe he was storing it and all of a sudden needed the money.
π @TgBitcoin