What percentage of Bitcoin and altcoins are you aiming for?
Although you want exposure to both Bitcoin and Altcoins in your portfolio, it is important to understand your own “portfolio theory” to determine your goals. Wherever your priorities land for what you want to accumulate the most, understanding the Bitcoin dominance numbers will help you to understand when altcoins are primed to go up or down against Bitcoin.
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The Metaverse Could Be the Next Facebook
The Metaverse is a virtual world where people can interact with each other and exchange ideas. It has the potential to be the next Facebook. Companies such as Facebook are already acquiring virtual land in the Metaverse. While the companies may want to control the Metaverse, the community-built nature of this virtual world may have an alternative outcome.
The Metaverse was first discussed in the 1992 cyberpunk novel Snow Crash, where Neal Stephenson outlined a virtual shared space that is made up of virtual versions of ordinary spaces as well as fantastic and whimsical places. While the Metaverse has a number of advantages, the key to its success will be how the businesses monetize it.
The Metaverse offers a unique experience, allowing users to make friends with AI avatars. They can also join factions and create their own worlds. They can even create a holodeck for their spaceship. In the last 24 hours, the market-leading Sky Mavis game has risen 11 percent. In addition, more gaming-related coins have risen in value in the last day.
Citi GPS estimates that the Metaverse will have 5 billion users by 2030. However, the analysts warn that there are a number of dark side aspects to the Metaverse. The risks include money laundering, counterfeit NFTs, and trading scams. Additionally, most cryptocurrencies are volatile. However, big firms have advantages over small players, including the ability to invest large amounts of money in a large virtual world.
