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

Forbes estimated the percentage of fake bitcoin trading volumes on different exchanges. The results are disappointing: half of the transactions with BTC are fake (if not more)

The number of lost bitcoins has reached an incredible mark of 4.7 million coins (cryptorank).
Almost every fourth BTC from the current turnover is lost forever.

Meanwhile, the Puell multiplier (I wrote about it recently - one of the most reliable in the history of BTC) is starting to leave the oversold zone.

Up to this point, each such reversal of the multiplier coincided with the formation of a macro bottom.

Just-In: Aave Community Takes Major Decision Before The Ethereum Merge
https://bit.ly/3TEr33W

There are only 9 days left before the ETH Merge update. After switching to proof of stake, Ether could become even more deflationary (Glassnode).
In turn, this will make the coin even more attractive for long-term investment 📈

Just-In: Is This A Crypto Market Recovery? Here’s Why There’s More To It
https://bit.ly/3xbqxRf

On the last fall of bitcoin to $18,500, Whalemap recorded a surge in large transactions (more than 1,000 transfers of more than $20 million each).

Today, in turn, Cryptoquant notes the growth of bitcoin transactions in the over-the-counter market (OTC).

Considering that the price of BTC has been sideways all summer and managed to form a double bottom, today's growth looks promising. The activity of the whales only adds to this confidence.

There are rumors that the next bitcoin halving may not happen in April-May 2024, but in the fourth quarter of 2023 due to the growing hashrate.

Most likely, this will remain at the level of speculation. But something else is interesting: historically, bullish cycles began plus or minus a year before the halving of the reward for block mining. In theory, this means that the next bull run may not start until Q2 or Q3 2023. Until that time (again - historically) there was either a long turbulence in the outset, or a correction continued. Potentially, this is our scenario for another six months or even more.

At the same time, it should be understood that each subsequent halving has an ever smaller impact on the turnover/trading of BTC (more than 90% have already been mined). Therefore, I no longer expect a grandiose growth of the main cryptocurrency, the main focus will gradually shift towards altcoins.

❗️The Merge update has been successfully launched on the Ethereum network. The event is truly unique. Thanks to him, Ethereum switched to Proof of stake consensus, which will automatically reduce emissions and network energy consumption by more than 99%. Emissions will also fall by more than 90%.

By reducing the cost of electricity and equipment, there will be no need for daily sales of the received remuneration. Previously, it was 13.5 thousand ETH per day. All this, coupled with burning some of the coins, will help make Ethereum deflationary (or at least micro-inflationary).

Buterin also stated that in the future, the Ethereum network will be able to overtake the bandwidth of Visa and reach 100,000 transactions per second.

Today the price of ETH is around $1600. And given all the positive changes, it will be interesting to compare it in a year, two, and so on. It all looks very, very promising.

Whalemap, meanwhile, is afraid that if the cluster with a key volume of 19000-20000 is broken down, then the next significant support will be only the level of 13000-14000.

Of course, they didn’t say anything fundamentally new, but the gap in volumes on the chart looks really frightening.

According to OKLink analysts, from September 9 until the transition of Ethereum to PoS, cryptocurrency miners sold 14,785 ETH. The most active sales took place on September 14, that is, a day before the merger.

Breaking: Binance Implements “Opt-In Button” For 1.2% Tax Burn On Terra Classic (LUNC)
https://bit.ly/3C7o8Km

The accumulation of BTC is now taking place according to the same structure as in 2015 and in 2018 (Glassnode)

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Over the past month, transactions with NFT tokens and interaction with the decentralized finance sector have made the largest contribution to the burning of ether as commissions. They account for 22 percent of all ETH destroyed during this period.