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Tezos (XTZ) Continues its Rally: The Future of NFTs and Web3Tezos continues to beat the markets (both in crypto and in fiat) as of this week, growing as much as 20% in the last 5 days while most other assets continues to slump. This growth is being driven by increased transactions and traction - particularly around the NFT marketplaces. A more detailed look at the history and growth potential of the chain. teia.surf (Curation Layer built on Teia) teia.art (Version 2 and re-brand of Hic et Nunc) objkt.com (One of the biggest NFT platforms on the Tezos ecosystem right now - recently formed a partnership with TEIA for cross-platform interoperability.)
BITFINEX:XTZUSDLong
by RyanTanaka
3
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.
Long
by RyanTanaka
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.
Long
by RyanTanaka
BTC - The Battle Between Superbowl Bulls vs Inflation BearsSome traders are nervous following the release of US inflation data this week. The degree to which that was priced in over the recent months is unclear. And given how severe inflation is ( inflation growing at it's fastest in 40 years), means the US Government will need to respond with a faster taper, which can be bearish for markets. Also some nerves rattled in terms of Russia and Ukraine, but I'm mixed on that since Russia also recently came out fairly supportive of crypto. But with the Superbowl this weekend, bulls are feeling spicy . Some are hoping to see a little NFT action during the halftime show (half the presenters are active in the NFT space, in fact Snoop Dogg also has an entire DAO). Rumors also suggest some crypto commercials during the event, like Crypto.com. In any case expect volatility between the Superbowl bulls and the inflation bears. In the near term I would -really- like to see bulls hold the line here on the 12h 20 EMA (currently around $42.1k) but failing that, we have a psychological and key support level at $42k, and the 38% fib retracement at $40.7k, the psychologically important $40k support and the 50% retracement at $39.4k. ❧ What does Papi expect? I'm leaning towards a macro bullish continuation, for now, and expect we will hold at least over $40k. That said- the level of retracement in the coming week(s) will dictate if $30k or $50k is our next stop on higher timeframes. Dropping below the 50% retracement level starts bringing uptrend continuation into doubt and I will look for us to retest the lows from January. On-chain looks healthy enough with most indicators bullish or neutral, with signs of continued accumulation. From a pure price action perspective, nothing on higher timeframes looks worrisome and this retracement (so far) is actually bullish . But macroeconomic factors are starting to spook more investors, sometimes for the right reasons. And we saw a late week rally by the US Dollar Index which generally leads to crypto downside. ❧ Whats Next? We will continue to watch all of the above, but at this time I'm inclined to say we have at least a little more upside and I'd be surprised if the market didn't test $50k again, it not higher. But I also see a possible shakeup to -all- markets, depending on how the US tackles inflation and whether it's successful, so I highly highly encourage you to run stoplosses, trade safely and don't overextend.
COINBASE:BTCUSD
by 1BigPapi
6
Doge (1 hour Graph) BullishHello Traders, Artists and Seekers, You have arrived to a new analysis about DOGE/BTC. The perspective you receive is from an hourly timeframe. As you might have noticed, DOGE is being promoted in very extreme ways by people with a very large amount of followers on social media. It seems like as if DOGE is being used as "a fight against the establishment", because of the terms being used in social media like "Doge is here for the people" "Doge, the people's coin" Doge to one dollar" etc. Besides the fight being stirred in the minds of the people, I'm guessing that the leaders, who are in charge of the Doge movement, are testing what kind of influence they can yield, how far this price action/movement can go. From my personal personal perspective, I see the previous as a good thing, because without risking going to far, you'll never know the limit, if there even is one. As the price is determined by "what a crazy person will give to it" (a dutch saying), DOGE could indeed plant his dogprint flag on the moon and say high to the Russians and Americans or Americans and Russians. When looking at the chart above, we can see that Doge is forming two symmetrical triangles, a descending triangle (middle) and an ascending triangle (right). And those symmetrical triangles are forming within a huge bull flag. Taking all the above into consideration I see DOGE/BTC as extremely bullish. My price target is at 0,00000553. However we are living in a fast paced changing world and fear is, as always, just around the corner. Don't take the above as financial advice, it is not. My best advice for you is, learn the basics and be a student, not a follower. Make sure that your decision is the product of you own conclusion. Dear reader. We don't know each other. But through these lines, we have met. I hope u enjoyed reading the above and sincerely hope you will reach whatever goals you have set for yourself. A suggestion for you personally: set higher goals! Until we meet again. Some practical issue's: If you like, hit the like button; After hitting the like button, leave a comment below becasuse I like to meet you also (a simple hello or so will do, but feel free to share your thoughts) If you liked reading the above, hit the follow button so that I know that you want more of this. Thanks.
DLong
by Aroundthesun
4
WTF Snoop Dogg?! Breakout Failed. If below 0.84 we go visit 0.70Ripple just announced a XRP Party and it get dumped?! Snoop Dogg will be there performing. XRP was set to go up by TA, but instead it only touched about 0.95 and plummeted on the news. Buy Rumour, Sell news? Happens everytime. I am neutral to bearish short term, bullish long term on XRP. If price closes below the 0.84 level we go into 0.70 most likely 50 percent fib retracement. Then look to buy from lower prices again.
BITSTAMP:XRPUSD
by TradeReact