India’s Central Bank Is Keen to Ban Cryptocurrencies, Says Finance Minister
https://bit.ly/3ObXIdb

Glassnode: 80% of BTC investments have been inactive for 3 months.

In 2012, 2015 and 2018, this was the signal for the end of the bear market 🤑

Over the past week, the tokens of the metaverse crypto projects have shown good growth. Among the leaders are UFO Gaming, Wilder World and Step app. (Cryptorank)

Globally, I see great prospects in this sector. It is unpredictable which of them will be able to survive. But whoever succeeds will bring a very large profit.
Below I will make an interesting poll on this topic.

BTC Dump Sets Off Bull Trap Warning, Here’s Why You Should Be Careful
https://bit.ly/3B28Hmu

Interesting data was published by Glassnode. Whenever the market price of bitcoin broke down the realized price, stuck there for a long time. On average, consolidation at the bottom took place 4-5 months and more, while now only a month has passed.

The exception was only in March 2020, so of course this cannot be called the golden rule. But the sign is clearly not bullish in the medium term. Before a full-fledged growth cycle, the accumulation must also be complete.

The price of bitcoin has entered the low-risk zone according to the SOPR metric from CryptoQuant. There is still the potential to go lower (when compared with previous super-corrections). But in this case, the price will come to the historically ideal level for buying, from where reversals have always occurred.
Even now, the price looks attractive📈

The number of crypto-users will exceed one billion by 2030 (BCG forecast). We compared the graph with Internet users.

The weekly review from Glassnode once again underlines the idea that the market cannot turn around so quickly. Despite the rebound from the $20,000 level, macroeconomic factors imply that it will take much longer for the bottom to form.

Bitcoin is up 7.5% today and is back above the average aggregate price of longs again (Glassnode data). Locally, the situation is turning bullish again 📈

Breaking: Petition Seeking SEC Chair Gary Gensler Resignation Picks Pace
https://bit.ly/3PQu1jA

This is how the dependence between the accumulation of BTC by large wallets and the price of bitcoin looks like. According to the chart, the bottom is already somewhere very close.

This year, for the first time, Ethereum's trading volume has equaled that of Bitcoin (KAIKO). If we add here the upcoming transition to proof of staking, then the global interest in ETH can significantly exceed the main cryptocurrency.

Now there is another surge of sarcastic expressions in the crypt like Tuzemun, Lambo, etc. (santiment). Obviously, there is practically no faith in growth now, and as history shows, this very often led to growth📈

Breaking: Blockchain Devs Build Alternate Website To Counter U.S. Ban
https://bit.ly/3zIngcO

There is a fairly simple marker on how to spot a bull or bear market. When BTC moves from spot to derivatives exchanges, it means an uptrend. Otherwise, the market is bearish.

We are clearly in a bearish trend right now, but when the 90-day moving average is crossed again, a full reversal can already be noted.
(CryptoQuant data)

It has long been no secret that the topic of the metaverses is insanely promising. And here Cryptorank also knocked out statistics on the top 10 projects with the highest ROI.

And it turns out that a decent share of the hype is already behind us. For example, the Axie Infinity project managed to bring its investors 184 x, The Sandbox earned 158 x, and Decentraland brought only a “modest” 44 x.
It is best to keep an index of metaverse projects in the portfolio. Since we still don’t know which project will shoot next, and which one will die, it is important to have diversification. A hundred x profit on one coin will more than cover losses on others.

If bitcoin does not hold the important support zone of ~$23,000, where there was a very powerful accumulation (in total, more than 1 million BTC were bought in this area), then a further fall may become an avalanche.
(Whalemap data)

An eloquent graph of the correlation between the price of bitcoin and the number of hodlers who do not touch their BTC for 1-2 years. (Whalemap)

Obviously, there are all prerequisites for a market reversal.

The Next Gem of P2E?

The market’s situation is now revealing the real factors that lead to a project’s success in the long run. It’s also weeding out those projects that simply appealed to the hype and a profit-hungry community.
Usually, only select DAOs, communities and investors are privy to the projects that are due to make it big, but we’re the all-seeing eye of crypto, so without further ado, we’d like to talk about the Ryber project.

A key part of the project is the RyberVerse, a revolutionary 3-stage gamified metaverse featuring innovative Play-To-Earn mechanics, cutting-edge tokenomics, unique 3D art, and loads of fun.

The team has been developing the game – Ryber: The Lost Data Runner – since March, and it’s already 70% ready, as the CEO of the company said in an AMA session recently.
The project strives to set the AAA bar for quality, lore, and gameplay from which it will be impossible to break away.

The next stage will be Ryber: Battle Royale, where players will compete against each other in the same way that they do in popular games such as Fall Guys or Fortnite. The first teaser of the project can already be seen here: https://youtu.be/ubf-2wqCg1c

The game stands out from its P2E counterparts, and there are several important facts that play into its favour:
🔹 An experienced team: Ex-Ubisoft, Playrix and other former big-name developers;
🔹Renowned partners such as Tidex, Emiratex and others;
🔹 $2 million raised in a private round to fund game development;
🔹5,000 members of a private Discord channel.

The team at Ryber recently upgraded their Twitter account to build a quality audience and post only the loudest of updates. Latest figures show 40,000 subscribers.

💰Moreover, Ryber will be launched on the Solana network, which will attract an active community. There are rumours that we’ll see Ryber’s NFTs on the Opensea launchpad in early September.

Now, they’ve just launched a huge $10,000 USDT and $20,000 giveaway in $RYBER tokens through a special influencer program; if you have enough followers, you can be one of the winners!

Project Media
Twitter | Telegram | Discord | Website

Anyone who joins Discord or Telegram via the links above will automatically receive a FREE WL spot!

🔥The average transaction fee in the Bitcoin network has fallen below $1 again for the first time in more than two years (Cryptorank)

Breaking: Liquidators To Probe And Liquidate Three Arrows Capital In Singapore
https://bit.ly/3T6C7Xr