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A popular crypto analyst is impressed by how well altcoins are performing against Bitcoin but still believes the king crypto (BTC) can reach new all-time highs surpassing $100,000 in the near future.
The anonymous host of InvestAnswers tells his 443,000 YouTube subscribers that while 94% of altcoins are currently outperforming Bitcoin on the BTC Dominance chart, he believes they’re peaking and BTC is primed to rise again.
“When 75% of the top 50 coins perform better than Bitcoin over the last 90 days, it becomes altcoin season and we are way above 75%, so that is pretty staggering.
Pretty impressive, but whatever goes up comes down, so expect Bitcoin Dominance to be on the rise again soon. We’re already seeing that happen right now as we speak… so expect everything to be choppy as we go forward.”
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Show Notes / News Resources:
✔ Bitcoin Technical Analysis: https://bit.ly/3C2RxFV
✔ Ethereum Merge on Track: https://bit.ly/3Af96RT
✔ $2,500 ETH Prediction by September: https://bit.ly/3BZg7Y8
✔ BlackRock Offers Direct BTC Exposure: https://bit.ly/3JOmwYn
✔ $100K Bitcoin Prediction: https://bit.ly/3JO90nh
🔴 DISCLAIMER: This is NOT financial advice. This is an entertainment and opinion-based show. I am not a financial adviser. I am not responsible for any investment decisions that you choose to make. Always do your own research and never invest what you cannot afford to lose.
#bitcoin #crypto #bitcoinnews #cryptocurrency #btc
Facebook’s Metaverse Could Be Moot
A plethora of metaverse applications already exist, but some are slated for more innovation in the near future. Metaverse advocates envision a digital economy in which users can transfer their virtual assets to other platforms. Although this is possible, it’s far more complex than transferring an individual’s money from one platform to another. To make this a reality, it will take a massive shift in technology, which may eventually render metaverse a moot term.
The phrase “metaverse” has become an industry buzzword, and one popular online platform, Reddit, is rebranding itself with the idea of a virtual environment. This environment will integrate virtual reality and other technologies with personal data. Although some people have expressed concerns about the new social media environment, others have said the Internet’s focus on privacy has prevented dangerous misinformation from spreading on social networks. The term “metaverse” is a combination of the words “meta” and “universe,” and it refers to a virtual environment where digital goods reflect an individual’s digital identity.
While the concept of a metaverse is still in its infancy, Facebook has made a large bet on the concept. Its recent keynote highlighted potential 3D social interactions and the ability to do work in the metaverse. NFTs, or non-fungible tokens, could become collectibles or avatars for users. The company has also made a big hiring push for its metaverse unit. This may be a harbinger of what’s to come.
