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Category Archive : NFT

In the previous year, cryptocurrencies exploded, and analysts predict an even more interesting market in 2022, here are the currencies that could disappear

Cryptocurrencies were marked last year when they entered the investment mainstream.

However, analysts predict that this year could be even more interesting in the cryptocurrency market.

Almost every cryptocurrency, from Bitcoin to Dogecoin, has reached record values and made astonishing gains.

However, in May, about 50 percent of the total market value was wiped out in just seven days.

And in September, the Chinese government launched a real war against cryptocurrencies, which led to a ban on all transactions.

Other important cryptocurrencies from 2021 occurred when El Salvador made bitcoin a legal tender, numerous meme tokens exploded, and one NFT was sold for an incredible $69 million.

What will cryptocurrency markets bring us this year?

Arcane Research, a blockchain research company, has made dozens of crypto predictions for 2022.

Narrow correlation between Bitcoin and the S&P 500 index

Despite the threat of global economic recovery due to the growing number of coronavirus cases, both Bitcoin and the S&P 500 achieved impressive growth in 2021: Bitcoin jumped 66 percent and the S&P 500 rose about 27 percent.

However, given that Bitcoin has increasingly acted as a risky asset, Arcane Research predicts that it will further intensify significant stock market movements.

“Therefore, if the stock market continues to grow in 2022, Bitcoin will probably surpass it,” they predict.

“But if we see a red year for the stock market, Bitcoin is likely to fail.”

Ethereum will surpass Bitcoin again

Although it has long figured as the second violin, ETHER far surpassed Bitcoin in 2021, soaring 418 percent compared to “only” 66 percent of Bitcoin growth.

“This gap in performance has been the biggest since 2015 when Ethereum was launched,” Arcane said.

Among the reasons why Ethereum will continue to outperform in 2022 is the increase in NFT sales. Most of these tokens still run on the Ethereum blockchain.

Most meme coins will disappear

Investors have seen meme coins have huge oscillations in 2021.

For example, Shiba Inu rose by a staggering 44,540,000 percent last year.

And squid, a cryptocurrency named after the popular Netflix series “Squid Game”, jumped more than 75,000 percent in less than a week and soon disappeared.

“We can’t analyze the 2021 market without mentioning last year’s absurd mime coin,” says Arcane Research, adding that the phenomenon will be remembered as “a historical relic of the absurd times of 2021.”

The USD coin will surpass the Theter

Tether has been at the top for some time as the largest stablecoin in terms of market value. However, that may change this year, especially with the decision of the USD coin to join the wave of lending.

“Innovative lending products that pay high returns for stablecoin deposits have been primarily the drivers of stablecoin growth,” Arcane Research said.

Bitcoin will remain closely linked to the VIX

Stock markets were a stellar success last year, but one pattern crystallized, according to Arcane Research:

“Fear in broad financial markets has directly affected Bitcoin performance.”

The rise in the CBOE volatility index, or VIX(better known as the fear index), followed the Bitcoin sell-off.

Arcane Research warned that market winds this year could have implications for the short-term trajectory of Bitcoin prices.

In August 2020 Buyed Shiba Coins For $3,400: They are now worth $1.55 billion!

The owner of one crypto wallet had a flair for investment when he invested $3,400 in Shiba Inu(SHIB) coins last year. Today he is a billionaire.

In addition to the mentioned investment, the person who owns the mentioned crypto-wallet had other transactions when it comes to SHIB coins with a total investment of about 12,000 dollars.

The smart investment grew, and the owner did not sell SHIB coins, which are worth about 5.63 billion dollars today. Yes – billions.

How mature is the market?

One of the questions that arise is whether the cryptocurrency market could receive such a large amount of Shiba Inu coins, because the total market capitalization of Shiba Inu coins is a little less than 40 billion dollars, and this wallet contains one-seventh of all coins in circulation.

At the time of purchase, the user exchanged $3,400 in wETH(Wrapped Ethereum) coins for Shiba coins.

To remind, Shiba was created after the Dogecoin cryptocurrency as a meme coin, with no real use-value.

Let us remind you, the price of a coin meme depends exclusively on its popularity, and not on some real application, as is the case with Bitcoin and Ethereum cryptocurrencies.

Meme popularity

The first big jump, Shiba Inu cryptocurrency had when Elon Musk showed off his Shiba Inu dog, to have huge growth after that.

Shortly after the presentation, the founder of Shiba Inu coins sent half of the total number of coins to the co-founder of the Ethereum Foundation, Vitalik Buterin, who, after forwarding part of the money to charities, “burned” the rest (90%), sending it to a dead blockchain address.

Vitalik justified this decision by stating that he did not want to have control of that scale in his hands and that it was, therefore, better to give it up.

She jumped over DOGE

According to the latest state of affairs, SHIB has definitely overtaken DOGE when it comes to market value, and is now in 9th place, right ahead of its biggest competition.

Exchange offices and NFT

There are at least two reasons why the SHIB coin has a growth trend.

One of the most important factors is certainly the listing of Shiba Inu cryptocurrency on large exchange offices in the last few months.

Add to that the fact that one of the largest providers of cryptocurrency payments – NOWPayments has added SHIB coins to the list of supported, and here are additional reasons to increase the demand, and thus the price of SHIB coins.

The Shiba Inu development team has launched its line of NFTs called Shiboshi, which means another aspect of the demand for 10,000 NFTs that users pay for with SHIB coins.

When you combine these two factors, the growth of Shiba coins seems completely justified.

And the reason more that it is wise to invest in cryptocurrencies early and resist that urge to sell them as soon as the first growth starts.

Returns the ball – Got Bitcoin and signed jersey – Tom Brady repaid a loyal fan nicely

The ball with which Tom Brady, the quarterback of the Tampa Bay team, scored his sixth touchdown ended up in the audience, and the fan who caught it received a special thank you package.

One of the big supporters of cryptocurrencies and co-founder of the NFT platform Autograph.io, the playmaker of the Tampa Bay Buccaneers team threw on Sunday, October 24th. his jubilee 600th touchdown in his career.

However, in ecstasy, his catcher threw the historic ball into the audience to the fans.

He caught the ball and returned it

The man from the audience, Byron Kennedy, who caught the ball, quickly returned it, after being asked to do so by the Tampa team, but Tom Brady wanted to thank him personally.

He sent him signed jerseys, a helmet, season tickets for the next season, and the end of the current one, as well as one Bitcoin.

While this sounds incredible, Tom Brady is one of the celebrities who has been a supporter of cryptocurrencies and NFTs for some time.

As a guest on Monday’s show, Brady joked that Kennedy made a mistake when he returned the ball and that he inserted one Bitcoin into the package as a gesture of gratitude.

Autograph.io is an NFT platform that Brady launched this summer, which has attracted the attention of celebrities and athletes around the world, so there is a great chance that this ball will also be turned into digital NFT.

What was NFT?

Let us remind you, NFT is an abbreviation of Non-Fungible (irreplaceable) token.

Although after this sentence you are not much closer to the meaning of NFT, we will explain to you.

An irreplaceable token means that it is unique and cannot be replaced by someone else.

Bitcoin, on the other hand, is a replaceable token, because when you exchange one Bitcoin for another you will still have one Bitcoin.

When you replace one NFT with another, you will have a completely different thing. NFT also allows for digital ownership of something, whether it’s a work of art, a ball that Brady made the 600th touchdown in his career, or a Pokemon card.

In a later interview, when Kennedy was asked if he would still return the ball, he said that he would and that he would like to play a game of golf with his favorite quarterback.

We are not sure if this interview was done before or after learning that the package also contains one Bitcoin, but this trip to the game paid off for Kennedy.

Crypto-promotion

On the other hand, an increasing number of athletes and celebrities are involved in various projects with cryptocurrencies, so this move by Brady is very smart because in that way he promoted cryptocurrencies, as well as his platform, which is slowly but surely gaining popularity.

On the other side of the ocean, in August, Leo Messi, as part of a welcome package to his new club, received part of the money in PSG cryptocurrencies, thus promoting the digital cryptocurrency of this French club.