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Crypto exchange Kraken’s Bitcoin forecast is based on how high the BTC price has traded above its 200-week moving average in previous bull runs.
According to Kraken’s analysts, Bitcoin price has historically surged 10x to 15x after touching its 200-week moving average.
This implies a future BTC price range of $237,894 to $356,841 for the king cryptocurrency.
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🔴 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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What is the Metaverse?
In the metaverse, users inhabit their own virtual space, interact with other users, and own virtual properties. Metaverse users can freely move, speak, and act, and they can exchange their virtual property for non-fungible tokens, which can be used for virtual goods and services. This new form of online environment has a number of unique features, but more research is needed before it can be considered a viable investment option.
Some popular examples of such platforms are Decentraland, Axie Infinity, and SecondLive. The latter two metaverses use the Ethereum blockchain to power their virtual land systems. Using these platforms, gamers can create their own virtual land and earn money by playing games. Many of these platforms offer virtual products and services to players in exchange for virtual currency.
The Metaverse is a revolutionary technology that can enhance digital social media. It offers 3D virtual spaces that allow users to interact with each other and exchange information. It can also create new opportunities for businesses in terms of expanding their market. It will change the digital economy by increasing the exposure of customers to content and products, which will enhance their purchasing decisions.
While many companies in the metaverse industry are still in the early stages, Sandbox has already risen to the top. The company’s Sandbox subsidiary has a strong reputation in the industry and has closed 24 metaverse VC deals in the past nine quarters. Sandbox is also backed by leading gaming brands such as Atari, and has partnered with Lionsgate for a “Hellboy” themed metaverse destination. The Sandbox metaverse is built on the Ethereum blockchain, which offers top-level security, but can be costly. Sandbox also offers a powerful editor for building virtual worlds and animations.