Metaverse
Meta Platforms - Watch the earnings!Hello Traders and Investors, today I will take a look at Meta Platforms.
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Explanation of my video analysis:
For more than five years Meta Platforms has been trading in a reverse symmetrical triangle formation. We saw the last retest of support back in the end of 2022 which was followed by a decent rally of +450% towards the upside. At the moment Meta Platforms is retesting the upper resistance of the triangle formation so it is quite likely that we will see at least a short term rejection towards the downside.
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Keep your long term vision,
Philip (BasicTrading)
Decentraland/tz1land - Will the Metaverse be Viable in 2024?A deep dive into a few metaverse projects, 2 years after the hype. Is the concept still alive? Is it a viable business model for Web3, going forward? What has changed since?
Metaverse-esque platforms like Roblox (which sports 200 MILLION users per month) has proven that there is demand for such a product. What do platforms like theirs have that Web3 is missing right now?
GMTUSDT, long to nearest resistence (0.1609) and upperHi, friends. For a first sorry for my english i dont speak a long time )
On gmtusdt we saw big volume of a bulls closing and price going down. But under 0.1544 there is no market activity. I mean nobody want to continue sell process. Bears closing and we slowly going upper to 0.1609, 0.1630 and maybe upper in a few days. But there is aslo a chance to flat around 0.1544.. we will see.
Meta -> Rally Not Over YetHello Traders,
welcome to this free and educational multi-timeframe technical analysis.
On the weekly timeframe you can see that Meta stock started a crazy dump in September of 2021, dropping roughly 80% in a very short period of time but bounced back significantly.
You can also see that the recovery started in October of 2022 and from there Meta created a rally of 200% towards the upside and is now approaching resistance at the $300 level from which I do expect a short term rejection away towards the downside.
On the daily timeframe you can see that Meta stock is still massively bullish, creating new highs every single day so I am now just waiting for a retest of the previous resistance at the $275 level and then I do expect a final blow-off to retest the $300 resistance zone.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
Ethereum To $2200 But Then What? As the merge from proof of work to proof of stake gets closer for Ethereum there has been a bullish relief wave hitting the market. I do believe that Ethereum is leading the charge in this relief rally as the merge will have a major impact on the entire cryptocurrency market.
Ethereum on the weekly looks like it's on an up trend to hitting $2200, but be cautious because I do believe we're still in the early stages of a bear market. I could be wrong but as I've been saying we haven't been moving sideways for an extended period of time just yet and the market is still very precarious.
I do believe we will eventually revisit a $1000 Ethereum or lower again as we go deeper into the bear cycle. As of now I'm waiting until we turn red again to dollar cost average in. The whole game plan is to accumulate heavy as close to the bottom as possible. I like others believe we still have a ways to go before we have a true bottom. Take it with a grain of salt because I could be wrong.
GUCCI now accepts APECOIN 🚀Hi Traders, Investors and Speculators📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year.
Great news for the cryptocurrency community, Italian luxury fashion house Gucci announced that it now accepts ApeCoin (APEUSDT) in a Thursday Twitter announcement last week. Gucci customers are able to pay with the help of a QR code that gets sent to them via email. They announced via tweet that they are now accepting ApeCoin payments via BitPay. Select Gucci boutiques in the USA expand the range of cryptocurrencies available for in-store purchases, yet another step in the Gucci House’s exploration of Web3. For the first time ever, holders of this crypto currency will be able to buy physical goods with the coin that was derived from the BAYC economy.
This is bullish news for APEUSD, and for the crypto community as market adaptation and reach will increase. The more participants a market has, the more stable and less volatile it becomes. Think Gold , bonds etc.
While you're here ! Check out this update on Ethereum ETHUSDT :
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How To Analyze Any Chart From Scratch - Episode 7Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
Today we are going to go over a practical example on MANA, but you can apply the same logic / strategy on any instrument.
Feel free to ask questions or request any instrument for the next episode.
You can find the previous episodes below "Related Ideas"
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Utility and Resilience: MANA Bounces BackBear markets are often when long-term traders make their big moves - assets that seem to stabilize or even do well (MANA, MKR in the last few days) often show that a project has dedicated supporters and some legs to stand on during the "tough times". It's easy to make money during bull runs, but it's the projects that survive during bear markets that often lead to long-term growth.
How Developing Countries Predicted the Rise of the MetaverseThe market is down right now but these are also good times to take a look at what might be the "next big thing".
Had you got into the metaverse a year ago, you will most likely be up right now. Otherwise, you're probably in the red. (Yes, even Bitcoin and Ethereum.) The metaverse is this year's clear winner in terms of performance, and it's not too surprising that a lot of big name brands have decided to try to get in on it, too.
A lot of people claim that Zuckerberg's "Meta" was what sparked the metaverse craze, but if you look at AXS's chart it's pretty clear that the coin was climbing way before the media gave the idea any attention. A lot of innovations and early-adoption activities happen in lesser-known (often non-English speaking and developing) countries before making its way into the "mainstream", so to speak. Predicting long-term trends is not magic - you just need to know where to look.
Decentraland (MANA) and the Metaverse Rental MarketThe metaverse (Decentraland especially) has a lot of hype behind it but the utility aspects of it is still underbuilt in its current form. Will it eventually get there? A look at a few things being worked on in the background during this bear market.
Virtual vs Real-Estate: The US Housing Slowdown vs the MetaverseRising interest rates by the Federal Reserve has people concerned of a potential slow-down in the housing market (worse-case scenario, a recession, or even a depression).
How would this affect crypto - and metaverse assets in particular? A closer and updated look at what's been going on in virtual vs. real-estate, especially in China (still down by 60%+).
STORJ Rallies After Release of IPFS Pinning ServiceProof-of-Storage (sometimes called Proof-of-Space) coins like STORJ, Filecoin, Arweave, and Sia show a lot of promise in the Web 3 space due to the fact that NFT and metaverse projects are driving demand for storage spaces that are both secure and decentralized. (Web2 servers are centralized and often have a single point of failure.) STORJ has recently released a (closed) beta for an IPFS Pinning Service similar to Pinata and other IPFS services, which probably explains the jump that happened this week in its price.
IPFS is a complex, often misunderstood technology - what exactly is "Pinning" and how does it play into the broader picture of Web3 projects?
Decentraland (MANA) Launches its Desktop Client. How is it?Decentraland recently released its beta version of the desktop client - how does it look in its current state?
From egamers.io:
"Players will now experience performance enhancement upgrades with cleaner graphics, faster processing speeds, and improved stability by adding the client’s option.
The client is only available for Windows in beta, with the developers welcome any feedback while more operating systems will come shortly."
egamers.io
The client allows for faster processing speeds, lower loading times, and opens up bigger possibilities for content creators to do things on the metaverse in ways that were previously not possible on browser-based platforms.
Tezos Joins the Metaverse Race. How Does it Compare to Others?Tz1and, a metaverse project based on the Tezos ecosystem (XTZ) has been slowly gaining some traction lately. Is it an early stage project worth investing in? A look at how it stacks up against the other major metaverse platforms out there.
Project - World Explorer? / Decentralized? / Selling Points
tz1and - Yes / Yes / Support of artist communities and indie creatives
Decentraland - Yes / Yes / Most support from business and corporate organizations
Sandbox - No / No / Celebrity attention and media hype, strong financial performance in 2021
Monaverse - No / No / Professionally designed and curated metaverse projects
Cryptovoxels - Yes / No / Runs on mobile, one of the oldest metaverse projects out there
As mentioned before, the metaverse and Web3 projects are all still in its early stages so anything could happen. But it's good to know what's been happening, either way.
www.tz1and.com
Tezos (XTZ) Completes its Ithaca 2 Upgrade. What's Next?This event largely went unnoticed by the media, but Tezos (XTZ) underwent a major upgrade to their protocol as of this week. The upgrade deals mostly with scalability issues - as the oldest Proof-of-Stake system in the market, XTZ arguably one of the most technically advanced blockchain platforms in the world right now.
In the early days of the crypto industry Tezos decided to go straight into Proof-of-Stake instead of with Proof-of-Work like the others did. (Technical superiority doesn't always translate into business success but it is worth pointing out that XTZ is already where ETH is moving towards right now.) The recent Ithaca 2 upgrade includes:
- Increased throughput (faster transactions times)
- Lowers requirements for node staking from 8000 Tez to 6000 Tez (roughly 20-24k. ETH node requirements are 100k+)
- Improvements in privacy, security, and better compatibility with zero-knowledge proofs/rollups/sharding methods overall
I do think that Tezos is an underrated project right now since the project has been dealing with real-world use cases in the Proof-of-Stake model that coins like ETH, DOGE, and BTC have yet to face - potentially creating an opportunity for a leap-frogging event to occur.
The chain also has the advantage of having attracted the attention of artist communities around the world (Hic et Nunc, https://TEIA.art, hen.radio), many of whom were gentrified out of ETH's ecosystem due to high gas fees, which shouldn't be underestimated since attracting users is often the hardest thing for platforms to do. This puts Tezos in a very good place in the next few years as the race for #NFTs and metaverse projects starts to ramp up - these products will be judged by their artistic quality, and the platform with the highest concentration of artistic talent will likely win.
Anything could happen so everything is still TBD, but the race may have just gotten much more interesting as new contenders for #Web3 relevance continues to grow.
This ALT Can 5x - Do NOT MISS IT MartyBoots here. I have been trading for 15 years and I am here to share my ideas with you to help the Crypto space.
Bitcoin Is trying to put in a bottom soon and we in CryptoCheck intend to be prepared for it
DO NOT BE LEFT BEHIND
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Filecoin and Monaverse: A High-End Metaverse/NFT PlatformFilecoin rallied this week in anticipation with its partnership with Monaverse, a new metaverse contender that focused on high-end, professionally built metaverse environments. A quick look at Monaverse and Decentraland - their pros and cons -- and why Proof-of-Storage projects are likely to do well regardless of who wins the race towards the most popular metaverse.
The Housing Market is About to Pop. How Does This Affect Crypto?The US Census Bureau recently published population numbers for cities across the US, and the numbers don't look too good: most large urban centers in the country have taken significant population losses in 2020-2021. Politicians and media pundits typically blame COVID and supply chain woes, though these trends were already happening even before the pandemic - the lockdown only accelerated what was already there. Los Angeles lost around 1% of its total population - which is already significant - but San Francisco and New York lost a staggering 6.7% and 6.9%, respectively.
Most US urban centers have been struggling with a housing shortage crisis in the last few decades as housing costs, rents, and costs of living have been outpacing both inflation and wage growth exponentially since the financial crisis "recovery" in 2008. (This was around the time Bitcoin was invented, coincidentally.) In addition to rising crime, homelessness, and loss of quality of life, the well-paying jobs are also leaving the state citing high taxes and unfavorable business policies - giving people less reason to be there as well.
The housing market is no different than other markets in that it operates on supply and demand . Housing advocates typically propose building more housing units (increase the supply) to bring costs down, but most cities have opted for the other "solution" - which is to bring costs down by decreasing the desirability of the city itself. (It's an unfortunate series of events, but it is what it is.) Nominal vs real pricing charts of US housing shows that listed prices are vastly inflated compared to its "real" value, which is contributing both to the bubble and the loss of quality in housing construction itself.
San Francisco's Case-Shiller Index was chosen since it's objectively the most housing-inflated area right now, objectively speaking. The housing bubble is most likely to pop there, then cascade downwards onto other markets as people's faith in its growth starts to stagger. The reasons above (combined with the Fed's interest rate hikes this year) are why even Wall Street and big companies have taken an interest in crypto, NFTs, and metaverse assets lately, since they see it as a hedge against a weakened dollar and a recession (potentially a depression) looming in the horizon. At this point it's not a matter of "if", but "when".
For crypto/metaverse investors, the thing to keep an eye on is the level of trust that the general public has in the banking system right now. When the housing bubble pops, it could potentially lead to a liquidity event of a magnitude never before seen, since technically there would be a lot cash sitting in people's hands, looking for places to invest.
- The pessimistic outcome for crypto investors is the "money running scared" scenario - where panicked money runs back to the banks and other "conservative" investments assets (bonds, cash) that are seen to have less volatility overall. This may lead people to cash out and leave the crypto ecosystem altogether, causing a downturn in the asset class overall. Keep in mind, though, that housing, cash, and bonds have *traditionally* been seen as "reliable" investment choices, but in recent years those are the exact assets that have been inflating - which has lead many experts to question if they are functioning in the way it was originally intended overall. If that perception becomes shattered, a lot could change overnight.
- The optimistic outcome for crypto investors is if the money that was intended for buying housing or other related assets becomes "free", potentially going into alternative assets, which includes crypto. Since a major housing bubble at this scale hasn't happened here there's not much data to show one way or another but we do know that the Evergrande crisis in China has had basically no (arguably inverse) effects on the crypto market as a whole. Panicked money may flow into crypto in ways never before if it's seen as a safe-haven against the turbulence of the housing market and the USD as a whole.
Realistically, there will probably be a little bit of both going on, but being that the size of the US housing market is much bigger than the size of the crypto market cap, crypto needs much less of a % of money flowing inwards in order for it to grow. The housing market, on the other hand, has nowhere to go but down. Time will tell, but it would be advisable for people to be prudent about where to put their money this year, because a lot could happen very quickly as the United States faces its biggest financial crisis in decades in the near future.
Why is Decentraland the Metaverse of Choice for Businesses?The metaverse market as a whole has been down for the last 3 months as we plod through this crypto "winter" - though it's worth noting that Decentraland is slowly closing the gap to Sandbox after its surge last year. But one trend in particular here sticks out -- the emergence of Decentral Games ($DG) coin, which is a project that focuses on casino-style gambling games that are playable directly on the metaverse.
In a way it's not surprising -- if you've been on Decentraland lately you might have noticed something: the majority of traffic on the platform right now is clustered near two types of locations -- play-to-earn games (Wunderland, etc.) and casinos run by organizations like Decentral Games. DG is a coin that went all-in on Decentraland's future -- it named itself after the platform it built itself on, even. We've heard many well-known companies jumping into the metaverse but Decentraland seems to be metaverse of choice above all others. Why?
After looking into the details of the more popular metaverse projects (Decentraland, The Sandbox, Cryptovoxels, Somnium Space...even platforms like Roblox or Meta) the one thing that makes MANA stand out is the fact that it's the most decentralized platform out of all of its competitors, and its governed by its own DAO in a transparent way.
governance.decentraland.org
While there may be many who might oppose DG on principle (taking an anti-gambling stance), DG coin is, too, run by a DAO as well.
decentral.games
We may not see the influx of money going into MANA until the next fiscal year, but the fact that the big companies (including JP Morgan who recently opened its "Onyx Lounge" in Decentraland recently) are going there is easily noticeable -- why? Companies that are planning on operating businesses inside the metaverse seek a platform that maintains its neutrality and largely stays out of its way. The other projects are all run by companies or teams with centralized control in the background - for businesses that have done its due-diligence, a truly decentralized platform is the only option that makes any sort of sense.
Following the lead of DG, a lot of companies are hoping to create commerce layers on top of Decentraland to drive more traffic to its worlds, long-term. In a way, these trends is a validation of the decentralized model, since it encourages other projects to follow the success of the DAO model as a whole. Projects that are currently centralized may find itself being left behind long-term, as the partnerships and resources required to make Web3 models work migrate towards better (neutral) waters as a whole.