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A popular on-chain Bitcoin analyst claims the current crypto bear market hasn’t yet sent as many BTC underwater as previous cryptocurrency bear markets.
BTC analyst Willy Woo notes that showing how many Bitcoin are at a lower value compared to their purchase price is “one way of visualizing maximum pain.”
Woo’s chart indicates that Bitcoin’s 60% underwater level is currently hovering around $10,000.
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Show Notes / News Resources:
✔ Bitcoin Technical Analysis: https://bit.ly/3CDOJPB
✔ BTC to Outperform Major Assets: https://bit.ly/3SHCcjL
✔ BTC Whales Escalate Feeding Frenzy: https://bit.ly/3RBfyYZ
✔ Chainlink Opportunity of a Lifetime: https://bit.ly/3MbdwNQ
✔ Bitcoin $10K Max Pain Prediction: https://bit.ly/3MbpoiV
🔴 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.
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Blockchain and NFT Will Be the Key to the Future of Social Media
The Metaverse is a new virtual environment that is set to revolutionize the way people engage with each other in the real world. It allows people to interact in 3D environments. This technology offers new levels of digital sociability and opens up new markets for businesses. It will also expose consumers to new products and content, influencing their buying decisions.
Popular metaverses include SecondLive, Axie Infinity, and Decentraland. In these platforms, users can play games and earn money. These games use blockchain technology to facilitate their gameplay and are also based on the Ethereum blockchain. In these games, users can create Axies, which are non-fungible tokens built from over 500 body parts. Axies can breed with other Axies and produce offspring, which can be sold in the gaming marketplace.
Facebook founder Mark Zuckerberg recently announced plans to build a metaverse. People will be able to use it to meet people, work, shop, and play. In the metaverse, people will have an avatar that represents their human self. They can even use the metaverse to enjoy in-person interactions without having to travel.
Mark Zuckerberg has made it clear that his company is making plans to hire as many as 10,000 people across the European Union to work on the metaverse. In the upcoming years, the metaverse will play a major role in the future of social media. Blockchain and NFT will be the key to this emerging technology.
