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A closely tracked crypto strategist and trader is unveiling one altcoin he believes could record a 900% rally while updating his outlook on Bitcoin (BTC) and Ethereum (ETH).
Pseudonymous cryptocurrency analyst Credible tells his 327,800 Twitter followers that he expects Bitcoin to correct to as low as $38,000 before it kicks off another rally.
“Up against our resistance region now. [I] would expect a pullback to at least $39k from here soon. Again, this is just a base-forming here before a full-on reversal, in my opinion. BTC.”
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Show Notes / News Resources:
✔ Bitcoin Technical Analysis: https://bit.ly/3k8U87a
✔ Ripple / XRP Lawsuit Vs. SEC: https://bit.ly/3K7tdTH
✔ Macro Guru Warns Stock Market Crash: https://bit.ly/36GnSVJ
✔ Crypto 10X Prediction: https://bit.ly/3k8Unz6
🔴 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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The Metaverse and Facebook CEO Mark Zuckerberg
The metaverse is a blockchain-based virtual land where users can play games and earn money. Some popular metaverses include Decentraland and Axie Infinity. In Decentraland, the players own a virtual plot of land and can breed as many as seven times to earn crypto tokens. Then, they can sell off their offspring to other players on the gaming platform. The metaverse market is estimated to reach $21.7 trillion by 2030, with some estimates even higher.
The development of a metaverse can help decentralize financial services and build user-generated ecosystems outside the banking system. Microsoft recently announced plans to build its own metaverse, and Teams users can expect to visit virtual spaces as early as 2022. The technology is not fully defined, but some believe it will be the “successor of the mobile Internet.”
The concept of a metaverse is still in its early stages, but the concept of a virtual world built around crypto-assets will be vital for the success of the metaverse. It is hoped that the concept of a metaverse will allow users to interact in a fun and safe environment. As with any other digital space, the concept of incentivization is key. One of the biggest concerns for crypto-fans is that big-tech companies could take over the metaverse and use it as an app store. Nevertheless, it is important to realize that millions of young people are already spending their free time in non-crypto virtual worlds.
The concept of the metaverse is also being supported by prominent crypto figures. One such person is Facebook CEO Mark Zuckerberg. Zuckerberg acknowledged that Meta’s potential is huge and that its use will unlock a vastly larger creative economy. He also noted that Meta will be crucial in accelerating the development of fundamental technologies. The metaverse will become the foundation for social platforms and creative tools. Eventually, the idea will be woven into popular social media apps.