Triaconta Weekly #193
The following topics will be addressed in this weekly.
- Bundle performance
- Winners & Losers
- Market overview
The fall in the market is making some investors nervous and suddenly there is a fear of a crypto winter (a long-term decline). That probably has more to do with the snow and ice that is coming than with the situation in the financial markets. The central banks mainly see the economy growing and that is also good for the crypto market. They will stimulate slightly less because inflation rises too quickly, but the European Central Bank will keep interest rates the same in 2022. So this is a dip and it has been going on for several weeks. Meanwhile, there are fewer and fewer Bitcoin and Ethereum on the exchanges. This means that miners do not sell crypto but hold it and customers choose to keep crypto for a longer period of time. That does not immediately mean that prices are going up now, but the selling pressure gradually disappears and we can go sideways for the time being. We have already had an incredibly good crypto year and yet we still hope for a rally between Christmas and the new year.
1 Month: -19.45% | 7D: -3.94% | 24H: -3.38%
1 Month: -28.88% | 7D: -5.35% | 24H: -3.95%
1 Month: -14.60% | 7D: -4.57% | 24H: -3.49%
1 Month: -33.88%| 7D: -1.91% | 24H: -1.87%
Winners & Losers
A surprising increase today for Yearn finance (+37%) and a good week for Avalanche (+19%) and also Celer Network (+7%) and PancakeSwap (+7%) seem to be moving up again. There were just small pluses for Hedera and Dogecoin, but the market continues to decline today. Decred (-24%) and Internet Computer (-18%) are not doing well, and Fetch.AI (-16%) and Nano (-15%) are also taking a step back.
This week 90% of all Bitcoin has been mined. The last 10% is expected to take another 120 years because the reward per block is halved approximately every four years. The most recent bitcoin halving occurred in May 2020. As a result, the reward decreased to 6.25 BTC. The 4th and upcoming bitcoin halving is expected to happen in 2024. Then only 3,125 new BTC will be released with each new block.
Tesla CEO Elon Musk announces on Twitter that the company will accept Dogecoin for Tesla merchandise. Who knows, you may soon be able to pay for the first Tesla with Doge? The price shot up 30% temporarily on Tuesday.
AccuWeather will provide weather information via a Chainlink node for smart contracts that can use this information in decentralized applications. AccuWeather is an American company that provides weather data, forecasts and alerts to more than a billion people worldwide. In addition to its own website and apps, it provides information to approximately 180,000 third-party websites. AccuWeather can now use its Chainlink node to deliver weather data to multiple blockchains with a cryptographic signature proving that the data comes from AccuWeather.
The HBAR foundation, which supports the development of Hedera Hashgraph, has partnered with the 3D platform MetaVRse to develop enterprise metaverse applications. The MetaVRse platform allows developers to create digital and interactive experiences without code. With the Hedera network, all virtual components can be owned and traded on marketplaces. Because Hedera mainly focuses on the business market, they are thinking of virtual showrooms with tokenized versions of a new product line or NFTs that give access to virtual concerts or conferences.