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South Korea's Ministry of Science and Informatics announced that it will invest in a fund aimed at supporting metaverse initiatives in the country, and the fund has set an investment amount of $18.1 million. #korean #crypto2023 #Metaverse #Web3 #southkorea

South Korea's Ministry of Science and Informatics announced that it will invest in a fund aimed at supporting metaverse initiatives in the country, and the fund has set an investment amount of $18.1 million.

#korean #crypto2023 #Metaverse #Web3 #southkorea

Avertissement : comprend des opinions de tiers. Il ne s’agit pas d’un conseil financier. Consultez les CG.
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🔥💥Analytics Firm #Glassnode Says Bitcoin Hype Phase Still Provides Positive Data – Here's Why The blockchain analytics firm says that #Bitcoin (#BTC ) is still in a “euphoria phase” despite its recent correction based on chain metrics. In a new report, the firm says that BTC's current downward price action is still tame compared to previous cycles, suggesting that the crypto king is in the earlier stages of a bull run. If we return to the size of the declines that we mentioned earlier, we can see that the size of withdrawals has remained historically small, despite the fact that the current owners have made large-scale profits. If we compare the breaking of the ATH (all-time high) in previous cycles, it can be argued that the current Euphoria stage (the market in price discovery) is still relatively young. Previous Euphoria phases saw a large number of price drops exceeding -10%, the majority were much deeper, and 25%+ was usual. The current market has only seen two ~10%+ corrections since the ATH broke.” Glassnode, based on an on-chain analysis of the industry's largest exchanges, says that Bitcoin's strength over the past year has largely been due to inflows from the spot market. The firm also says that BTC's short-term correction is supported by “new demand” coming to the Sunday from new entrants. Bitcoin's strong market performance over the past 12 months is supported by a significant increase in both spot trading volumes and intra-chain flows associated with exchanges. By analyzing the Cumulative Volume Delta, we can measure that the demand side is quite strong, albeit with offers that patiently take the constructive side instead of the receiving side. With the market currently above the 2021 ATH level, profit-taking has increased but has been cooling in recent weeks. The balance of wealth is Decently balanced between long-term owners and new demand, which suggests that the ‘Euphoria’ phase is still relatively early from a historical perspective.” #BullorBear #binance
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😱🔥Shiba Inu (SHIB) Burn Rate Increased by 18,000% Price May Go to Mars Soon 🚀🛸 #ShibaInu has seen a huge increase in combustion rate measurements and has consolidated its deflationary status. According to Shibburn's data, the Shiba Inu burn rate has increased by 25,035.22% in the last 24 hours. Shiba Inu Extends the Use of Burned Tokens In the midst of the recent crypto bloodbath and the price correction facing the broader sector, Shiba Inu seems to be defying the odds on this important deflationary measurement. Ethereum-based memecoin has attracted the attention of investors, and this is an optimistic move, which is also reflected in the burn rate. The meteoric rise of over 25,000% indicates that investors may have found an important catalyst to hold on to. Remarkably, a total of 658,082,956 SHIBS were destroyed in 11 transactions in the last 24 hours. In terms of monetary value, the burned #SHIB token was worth $14,385 based on the current market value of the token. This brings the total number of SHIBS burned since the first supply to 410,725,555,674,170. Especially the recently burned SHIB, which still accounts for a small percentage of the token's total supply, which was originally quadrillion. It's also one of the biggest protocols the protocol has seen in the last few weeks. There is a significant increase in the amount of SHIB burned compared to other times, because 650 million SHIB were sent to the dead wallets with a single massive burn. #Memecoins #binance
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😱😱😱Is history repeating itself? Top Analyst Claims There Are Signs of a Major Bull Run Soon in the #Altcoin Market Every fall and rise triggers a storm of speculation in the crypto world. Recently, respected analyst Mikybull Crypto caused a stir by suggesting that the recent decline in the altcoin market could be a sign of an upcoming upswing. Let's examine this information to reveal what may be developing in the crypto world. Is the Altcoin Market Ready to Explode? In a recent analysis conducted by MikybullCrypto, attention was turned to the Altcoin Market Value excluding Bitcoin and Ethereum. This measurement has attracted the attention of many due to its similarity to past trends in the 2021 altcoin season. Mikybull Crypto's charts show a recurring pattern: the altcoin's market capitalization experiences a brief decline before rising. This pattern, reminiscent of past cycles, led to speculation among traders and investors. Altcoin-Bitcoin Dominance Going deeper, the analysis reveals an interesting relationship between the alt Decoin market capitalization and Bitcoin dominance. Bitcoin's dominance is expected to decrease as altcoins gain momentum. Altcoin dominance has increased to 11.75%, while Bitcoin remains at 55.65%, which indicates that a potential altcoin season is on the horizon. This relationship reflects historical trends in which altcoin fluctuations have coincided with a decline in Bitcoin dominance. Symptoms of Altcoin Fever Another indicator of the upcoming altcoin season is the increase in trading volumes in various altcoins. The increased trading activity reflects the increased market participation and liquidity and sets the stage for increased price volatility and potential profit opportunities. Do You See the Signals? In the volatile world of cryptocurrency, significant price increases usually signal the beginning of an altcoin season. Altcoins like #Solana have recently made headlines by breaking through key resistance levels. #BullorBear #binance
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🔥😱A major supply shock is looming for Bitcoin as demand for BTC is at its peak Recently, #Bitcoin reached an all-time high of just over $ 73 thousand, marking a new 2024 trend in the current market cycle. Although the price of the cryptocurrency has fallen to about 66 thousand dollars at the moment, the hot bull run and the expectation of further rises in the near future are still causing ripple effects in the market. One of the recent effects of this trend has manifested itself in the form of increased buying pressure among investors. Dec. Big banks are now showing more interest in buying #BTC than ever before. The problem is that they can't find enough money to buy. Lack of Supply in Stock Markets Exchanges are perhaps the most popular places where investors buy and sell their coins quickly, as well as trade and convert them into other cryptocurrencies. In this case, the big banks are expected to go there and withdraw as much money as they want. Exchanges that offer P2P facilities are perfect for this purpose. However, there are not enough Bitcoins that can be bought on exchanges, we can also call it a supply shortage. This does not mean that there are no Bitcoin owners left on the exchanges. It may be that the owners do not want to sell despite the current high prices. This forced banks to contact Bitcoin miners directly, buying directly from them. However, there have been some cases where miners also did not want to sell. How Does This Affect the Bitcoin Market? It is a common expectation that a decrease in supply will lead to an increase in demand and affect the price. Continued supply shortages could cause a "supply shock," which could push up prices as banks and other investors clamour to fill their bags. Another aspect that can significantly contribute to this situation is the upcoming Bitcoin halving event, which will reduce the supply by half. #bitcoinhalving #binance
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😱😱😱Dogecoin (DOGE) held its breath: Investors beware!. The suspense-filled hours continue for #Dogecoin (#DOGE ), which suffered a collapse when Bitcoin (BTC) shot a needle to $ 60,500. The cryptocurrency market, which collapsed with the Iran-Israel conflict, caused panic among investors. Especially the loaded sales seen on memecoins did not escape attention. Dogecoin, the leading name of memecoins, lost 35 percent of its value in just two days, disappointing its investors. Will the popular coin, which is currently receiving reaction from a critical region, be able to maintain its upward trend? What levels should DOGE investors consider? That area of interest in Dogecoin has finally been tested! DOGE, who has been pricing upwards for a while with the Memecoin craze, reversed his direction with the blow that geopolitical tensions have hit the crypto industry. DOGE, which started seeing loaded sales on April 12, recorded a total decrease of 35.33 percent by throwing needles for $ 0.12885. The popular coin, which is in demand from an important support area, is changing hands at $ 0.15572 as of the writing of the news. Elements such as the resolution of global problems or BTC's move above $ 70,000 may pull the DOGE up again. In such a scenario, respectively 0,17565 – 0,19229 – 0,20668 – 0,21957 and $0.23920 can be targeted. Factors such as the continuation of Iran-Israel tensions, BTC remaining below $ 65,000 or increasing BTC dominance will naturally pull the DOGE to lower levels. In such a scenario, respectively 0,15068 – 0,12212 – 0,10058 and withdrawals to $ 0.08377 can be followed. #Memecoins #binance
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