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Metaverse

SLP, Some Fundamental Thinking on Axie's FutureSLP being a utility for a Metaverse game is a double edged sword. Being it's mainly a reward function (as of now), I don't believe TA will have much influence here. It will be the fundamentals that will drive direction, determined by the underlying game it's tied to. Bullish Points At any point, Axie could implement new mechanics and functions that bring demand back into SLP. They've already done so in a small way my limiting distribution according to MMR. The upcoming Axie Land update will be something to keep a close eye on as well. Maybe they add an in game shop with NFT's or something. Maybe they allow skill reroll or trait mutations by using SLP to do so. Maybe Axie simply adjusts the cost to breed. There are a couple of economic levers they can pull to adjust SLP demand. Bearish Points Axie keeps SLP functions as is, allowing SLP to continue to mainly act as one piece of an off ramp to get paid for playing. This limited use case will continue to drive sell pressure IMO. I understand its also used for breeding, but it's obvious that the demand from breeding isn't enough to affect price as it currently sits. Axie incorporates another coin to drive game functions off of, further driving SLP stagnation. Axie further stagnates, and people start to deem it no longer worth their time to play. People begin to cash out in an attempt to hold some form of value. In Closing IMO This coin will live or die on Axie's patches, updates and adjustments, not on TA. Keep an eye on big updates like the upcoming Axie Land. It sounds like a lot new functions will be added, and I'm curious how many of these functions will be driven by SLP. Could be an opportunity to get in cheap, or lose another 90+%. It's a real gamble unless you have an ear in on the dev team. Not financial advice, just mad ramblings.
by Jiffydude
6
MANA in Persian means: permanentBefore going into the Rajab chart, let's talk about the news and the fandamental status of this currency ------ > As you know, a few days ago it was announced that the Australian tennis tournament will be held in decentraland. And that Samsung opened its own store in desentraland so on and so forth. But graph analysis After much growth due to the renaming of Facebook, mana had an upward trend to the price of $ 6 and then its price correction began.It currently has two major backers, one $ 2.49 and the other $ 1.58But how to enter: After the real failure of level 3.60, 30% of the money can be entered and after breaking the level of $ 4, bought another 40% and bought the remaining 30% after breaking the level of $ 5.21. Risk takers can buy their first 30% at $ 2.94 with a stop loss of $ 1.58, which is 36% of the loss with a profit margin of $ 5.21, which is a ratio of 1.3 which is a good number in r / r. Note: The loss limit for both systems is $ 1.58
BINANCE:MANAUSDLong
by aria1382
1
Cardano Daily TA : 01.12.22 : $ADAAs you can see, the price has already maintained its static and key support and has reacted positively to this range, but this does not mean that the price will not fall further because the whole market will depend on the behavior of Bitcoin in this cycle. . Key support ($ 0.90 to $ 1.11) Follow our other analysis & Feel free to ask any questions you have, we are here to help. ⚠️ This Analysis will be updated ... 👤 Arman Shaban : @ArmanShabanTrading 📅 12.Jan.22 ⚠️(DYOR) ❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
Long
by ArmanShabanTrading
1
Virtual vs Real Estate (Inflation, Real-Estate, and Government)Gavin Newsom has been bragging about CA's $31B surplus this year but we know that the state has been struggling for a while now. A locked-down economy and people/jobs leaving the state will kind of do that. CA owes the Feds $21B in unemployment debt, btw. www.sacbee.com Looking at the budget closer, you'll see that they gave educational institutions a modest increase (not enough to off set the damage COVID regulations they made them follow, of course) while most essential services are actually getting massive cuts. www.ebudget.ca.gov That 66% cut in environmental protections is pretty much a slap to the face to environmentalists everywhere. (Maybe that had something to do with why Newsom "disappeared" during the climate summit last year.😂) But Big Pharma and corporate tax cuts are doing great, at least. If budgets could give the middle finger to taxpayers, this is probably as big as a flip as you could get. We had the chance to get rid of Newsom last year so guess he felt emboldened enough to double-down on the abuse. But it is what it is, I suppose. Kind of too late, now. Note that despite Newsom's claims of economic recovery, we see a huge increase in labor dev funds, for reasons that should be pretty obvious by now. They know people are leaving and employers aren't hiring so something needs to be done but they can't be honest about it. Big picture, is this really about COVID, California's labor market, or is it the beginning of the 4th Industrial Revolution, as Andrew Yang and the #YangGang forewarned? "Supply chain issues" may be masking the reality that a lot of those jobs aren't simply coming back, at all. And it seems fitting that the day this comes out, we see Jerome Powell starting to look panicked about #inflation after a year of denying that it ever existed. Deer caught in the headlights, really. It's obvious that they really have no idea what they're doing at this point. Either way, we have government loaning each other money with the Feds just printing more money to keep the states afloat on their unsustainable path. It's a house of cards ready to come crumbling down, and it's going to trickle down all the way to state and local budgets, too. Lots of people probably thought I was crazy to double-down on #crypto during these times but the more I read about this stuff I feel better about the path I took. I often feel like an outsider to traditional financial institutions but maybe that's not a bad thing, after all. There's going to be a lot of people who claim that the sky is falling but that happens at every downturn so take it with a grain of salt. But it's not all bad -- some sectors will do well so the best thing people can do is to stay focused on areas of growth. 📈 What are those areas? Crypto, #NFTs, software in general, and service sector industries that aren't beholden to supply chain issues and can adapt to new economic landscapes very quickly. The #metaverse will adjust to inflation much better than real-estate, for sure. We're due for a market correction in the USD at any given moment, anyway. Long-term, it'll be a good thing, though, since all the FOMO in Wall Street and the government has created a monster that's out of control. A crash will fix a lot of that by removing the $$. Either way, good luck, folks. Been saying a while that the next few years is going to be a roller-coaster so I hope people are prepared for anything to happen. The smarter ones have seen the writing on the wall and are planning accordingly already. 🧐
Long
by RyanTanaka
Still BullishYesterday's bullish scenario is unfolding today. The next couple of hours will be telling. I kept the same chart, deleted an arrow from the resistance line (red) to the support for a final potential short-term consolidating dip to avoid confusion. The pink descending wedge has the potential target for a $0.34 correction, right above the resistance depending upon where it breaks out. I'm not necessarily going to trade that, but I am definitely keeping an eye on it. It may break through, drop a little and then go higher? It may break down and retest $2.82ish? MACD looks excellent, curving upwards in preparation for this small but positive move as the red histogram is resolving too. Volume isn't horrific...people are still interested. I think the heartache comes from BTC. Let's face it, it's the Kleenex of crypto. People are starting to figure out that it's original concept was brilliant, but it's application isn't sustainable or even usable when compared to Gen 2 and Gen 3 products. A lot of growing pains ahead as alts/btc pair increase and BTCers lose. As this happens you'll be tempted to freak out. I chose to relax because whatever token I'm into will tank and then recover at a greater rate than BTC. I will also use it to my advantage until the Alts become independent. Even if my alt is in the midst of a rally, I look at BTC as an indicator and sell because the alt is going to follow to some extent. This is not financial advice, just what I do to make a lot of money;-) Do your own research, learn who not to listen to in the process. I am not married to any token. I am just reporting what the chart patterns read, and today's analysis is very short-term.
BINANCEUS:MANAUSDLong
by keykomg