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A crypto analyst known for calling the 2021 Bitcoin collapse thinks BTC is on track to break through its “longer-term diagonal of resistance.”
In late December, Dave the Wave said his logarithmic growth curve (LGC) model indicated Bitcoin could ascend to $160,000 by January 2025.
“On the basis of the LGC, which has stood the test of time for four years, BTC could easily do a 10x over the next couple of years…”
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TimeStamps: (Check back later)
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Show Notes / News Resources:
✔ Bitcoin Technical Analysis: https://bit.ly/3GyBqQW
✔ Coinbase to cut another 20% of its workforce: https://bit.ly/3VTV1AU
✔ Former FTX Chief Engineer Wants A Deal With US Authorities: https://bit.ly/3vTyrxE
✔ Why Stablecoin USDD Is Struggling To Maintain Its Dollar Peg: https://bit.ly/3ipIMyg
✔ Bull Trap? Massive Correction Prediction: https://bit.ly/3QtcTS0
✔ $160K Bitcoin Prediction: https://bit.ly/3GT5Q1X
🔴 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 #btc
What is the Metaverse?
The term Metaverse is used to describe a shared, virtual reality platform. It allows users to interact in a variety of ways, regardless of time or location. This includes language processing, social media, and marketplaces.
Using crypto technology, users can move assets across platforms securely. Many brands have built in-house marketplaces for cryptocurrency. Depending on the type of metaverse, these tokens can be traded for real world value, or used in-game.
The most popular metaverses include SecondLive, Decentraland, and Axie Infinity. Some of these are already in use, while others are still being developed.
Several big brands have announced plans to explore the metaverse. These companies include Coca-Cola, Gucci, and even Epic Games.
Although many companies are working on the metaverse, Facebook is the most prominent player. Zuckerberg believes the platform will offer users new avenues to explore and interact with one another.
While the metaverse will change the way we interact online, it will also provide businesses with new opportunities to expand their markets. According to Facebook, the metaverse will generate hundreds of billions of dollars of digital commerce.
Facebook will be working with technologies that are ideal for the metaverse. For example, the company has invested in VR and facial recognition technology.
Facebook has also created smart glasses that can capture video and images. Eventually, these glasses will be able to deliver notifications from smartphone apps.
Facebook has also partnered with Ray-Ban for its smart glasses. Unlike the more cumbersome goggles, these glasses will be lightweight.
