Analysis
SXSW 2022 showcased immersive NFT experiences, lacking crypto and Bitcoin sessions
South by Southwest — commonly referred to as “South By” or “SXSW” — has returned to Austin, Texas this year to showcase the latest trends in interactive media, music, art, film and technology. While SXSW runs through March 20, 2022, the entertainment and technology festival kicked off its first weekend with a large focus on Web3 and nonfungible tokens (NFTs). NFT activations and panels SXSW’s attendees’ interest in NFTs and the future of the internet was particularly evident at the venue hosted by Blockchain Creative Labs (BCL) — a business and creative unit formed by FOX Entertainment in 2021. On March 11, the first day of SXSW, a line consisting of hundreds of people wrapped around the streets of Fifth and Trinity in downtown Austin as SXSW badge holders anxiously awaited entrance to BCL...
Ethereum balance on crypto exchanges falls to lowest levels since 2018
The amount of Ethereum‘s native token Ether (ETH) kept with crypto exchanges has fallen to its lowest levels since September 2018, signaling traders‘ intention to hold the tokens in hopes of a price rally in 2022. Notably, nearly 550,000 ETH — worth around $1.61 billion — have left centralized trading platforms year-to-date, according to data provided by Glassnode. The massive outflow has reduced the exchanges‘ net-Ether balance to 21.72 million ETH, down from its record high of 31.68 million ETH in June 2020. Ethereum balance on all exchanges as of March 18, 2022. Source: Glassnode Biggest weekly ETH outflow since October 2021 Interestingly, over 30% of all Ether‘s withdrawals from exchanges witnessed in 2022 appeared earlier this week, data from IntoTheBlock shows. In detail, over 180,00...
Prepare yourself for the global adoption of the metaverse with these top tokens: AXS, SAND, ENJ and RNDR
AXS, SAND, ENJ, and RNDR are all metaverse-based tokens. Each token will see an exponential level of growth as the metaverse reaches global adoption rates. By jumping on these tokens early, you will be able to see a high level of growth long-term. The metaverse is growing at an exponential rate, and today, we will be going over exactly why AXS, SAND, ENJ, and RDR are the best metaverse tokens you can get. Should you buy Axie Infinity (AXS)? On March 18, 2022, Axie Infinity (AXS) had a value of $49.64. The all-time high value of Axie Infinity (AXS) was on November 6, 2021, when the token decreased to $164.90. At its ATH, the token was $115.26 higher in value or by 232%. When we go over February, Axie Infinity (AXS) had its highest point on February 7 at $71.22. Its lowest point was on Febru...
The best Proof-of-Stake (PoS) tokens you can buy on March 17, 2022: ADA, SOL, ALGO and XTZ
Within the last 24 hours, ADA, SOL, ALGO, and XTZ have increased in value. Each token utilizes the Proof-of-Stake (PoS) consensus mechanism. All tokens listed here have huge potential for growth going forward. Cardano (ADA), Solana (SOL), Algorand (ALGO), and Tezos (XTZ) are all Proof-of-Stake (PoS) tokens, and today, we are going to go over each token individually as a means of seeing how far they can grow in value by the end of March 2022. Should you buy Cardano (ADA)? On March 17, 2022, Cardano (ADA) had a value of $0.8419. The all-time high of Cardano (ADA) was on September 2, 2021, when the token reached a value of $3.09. When we go over February’s performance, Cardano (ADA) had its highest point on February 8 with a value of $1.2494. Its lowest point, however, was on Febr...
Bored Ape Yacht Club continue to grow empire, launch new cryptocurrency
The juggernaut that is the Bored Ape Yacht Club shows no sign of slowing down. The founding company, Yuga Labs, announced the launch of a new cryptocurrency which will be leveraged to continue to build the ecosystem around the popular NFT collection. Aptly titled ApeCoin, it will be the “primary token for all new products and services” from the company. BAYC Success Unless you have been living under a rock, you will be familiar with the meteoric success story that is the Bored Ape Yacht Club. The cartoon monkeys are the most coveted NFTs in crypto, with the highedst floor price of 85 ETH ($238,000), above even CryptoPunks (62 ETH = $174,000). They have set the template for how to succeed, focusing not only on the art – which, akin to a lot of NFTs, is not anything especially unique – but a...
The best banking tokens you can buy on March 16, 2022 are NEXO, XDC, KAVA and POLY and this is why!
NEXO, XDC, KAVA, and POLY are all banking tokens within crypto. Each token has potential for growth. Each token has showcased signs of growth. NEXO (NEXO), XDC Network (XDC), Kava (KAVA), and Polymath (POLY) are all baking tokens within the crypto sphere, and each of them has showcased the potential for growth. We will be going over each token individually to truly see how far their value can grow by the end of March 2022. Should you buy NEXO (NEXO)? On March 16, 2022, NEXO (NEXO) had a value of $2.16. The all-time high value of NEXO (NEXO) was on May 12, 2021, when the token reached a value of $4.07. When we go over February, NEXO (NEXO) had its highest point of value on February 10, at $2.31. Its lowest point was on February 24, when the token decreased to $1.62. This indicates tha...
The best tokens you can buy under $1 on March 15 of 2022: ADA, ONE and BAT
ADA, ONE and BAT are all solid tokens that you can buy for under $1. Each token has showcased a high level of growth. All three of these tokens have the potential for growth going forward. Some of the best cryptocurrencies currently available within the broader crypto market are under $1. As such, today, we are going to go over why Cardano (ADA), Harmony (ONE), and Basic Attention Token (BAT) are the go-to tokens to buy under $1 on March 15, 2022. Should you buy Cardano (ADA)? On March 15, 2022, Cardano (ADA) had a value of $0.7903. The all-time high value of the Cardano (ADA) was on September 2, 2021, when the token reached a value of $3.09. When we go over the value of the token throughout the previous month, Cardano (ADA) had its highest point of value on February 8, when it reached $1....
Bitcoin’s current price trend is reflective of its pattern before last year’s huge downturn, analyst observes
Crypto Capo believes an extended third wave of the current correction could push BTC to achieve bearish targets as low as $21k FTM and LUNA are both showing signs of a further downward correction Well-known crypto markets analyst, Crypto Capo, has said that Bitcoin’s recent recovery in the markets during the February mini-surge could soon be defied by a strong descent move. He notes that the BTC market is showing a similar pattern as it did during the massive correction of May 2021. Capo adds that February’s relief rally and the successive price action is evocative of the period before when the market nosedived, starting May last year and eventually pitting bottom below $30k in July. BTC/USD trading chart A more recent update from the crypto analyst indicates that Bi...
The bests meme-coins you can buy on March 11, 2022: DOGE, SHIB and ELON
DOGE, SHIB, and ELON are all meme-based tokens Each token is at a solid price point for buying. Every one of these tokens has the potential to increase in value. Some of the most popular meme-based cryptocurrency tokens you can buy include Dogecoin (DOGE), Shiba Inu (SHIB), and Dogelon Mars (ELON). We are going to go over each token individually as a means of showcasing which one is the right purchase for you. Should you buy Dogecoin (DOGE)? On March 11, 2022, Dogecoin (DOGE) had a value of $0.11716. The all-time high value of Dogecoin (DOGE) was on May 8, 2021, when the token reached a value of $0.731578. When we go over the performance of the token throughout the previous month, Dogecoin (DOGE) had its highest value point on February 7 at $0.1683. Its lowest value point was on February 2...
Real Vision’s Raoul Pal insists Bitcoin is correlated with risk in the short term
The macro guru told the community to focus on Bitcoin’s long-term He labelled the current liquidity and behaviour’ noise. Co-founder and CEO of Real Vision Raoul Pal has defined an interesting position on Bitcoin’s market behavior. The crypto investor earlier today posted on his Twitter account telling the community that Bitcoin, just as other assets, remains a risk-on product in the short term. However, unlike a good number of these ‘other’ risk assets, Bitcoin promises an exponential pattern of growth over the long term. Bitcoin’s long-term trend is different from the majority of risk assets The former Goldman Sachs executive asked holders to ignore the current volatility “noise” and instead focus on the overall potential of the digital ass...
What happened Solana, and what is next?
Perhaps no coin symbolises the rollercoaster ride of crypto better than Solana (SOL). It’s been a journey filled with meteoric highs and crushing lows – so let’s dive in to exactly what has happened over the last year, and what the future holds for Solana. Ethereum’s Problems The phrase “Ethereum-killer” gets thrown around a lot in crypto. For the most part, I roll my eyes. Sure, ETH has its fair share of problems. Even amid the recent parabolic rise in oil prices, gas in the real world still looks like a bargain compared to Ethereum. Given the extent of these fees, it has very much become the blockchain of the elites, with transactions completely unfeasible unless in very large amounts. Still cheaper than Ethereum though… Having said that, the network effects and first mover advantage wit...
The best privacy coins you can buy on March 9, 2022: XMR, ZEC and SCRT
XMR’s value increased by 20% in the last 24 hours. ZEC’s value increased by 17% in the last 24 hours. SCRT’s value increased by 15% in the last 24 hours. Monero (XMR), Zcash (ZEC) and Secret (SCRT) are the top 3 privacy-based tokens that you can buy on March 9, 2022. Throughout the span of the last 24 hours, each token saw a huge increase in its value, as well as an increase in its overall trading volume and market cap. With US President Joe Biden’s “sweeping review” on crypto, the increase in crypto regulation could prompt an increased usage in privacy tokens. We will be going over each of these tokens to see how far they have the potential to grow. Should you buy Monero (XMR)? On March 9, 2022, Monero (XMR) had a value of $195.49. The all-time high value of Monero (XMR) was on January 9,...
