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These Are the Crypto Economy’s 5 Most Expensive Assets per Unit in August 2022

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On July 18, 2021, Bitcoin.com News researched the top five most expensive crypto assets and at that time there were two digital currencies worth five digits in value, two tokens worth four digits in U.S. dollar value, and one valued at three digits. Today, a lot has changed but currently, bitcoin and the token yearn More

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Invisible College and Nas Academy Revamp Online Education Through Web3 Technology

Invisible College and Nas Academy Revamp Online Education Through Web3 Technology

Educating the mainstream on web3 and its broader intricacies remains the #1 priority in the blockchain industry. Nas Academy and Invisible College acknowledge the need for a dedicated course set. Their joint-effort crypto academy for Web3 paves the way for a more robust educational focus and onboarding of the next million users.  Invisible College And […]

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CoinLoan’s customer satisfaction survey shows crypto’s promising future

CoinLoan’s customer satisfaction survey shows crypto’s promising future

Despite recent market difficulties, according to a CoinLoan survey, most investors are still bullish about the cryptocurrency market’s future. Users were able to rate how satisfied they were with CoinLoan’s various services, including its lending system, interest accounts, security standards, and customer support, in this survey that was distributed to all of the company’s customers. […]

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Caduceus Metaverse Protocol Welcomes Rugby Legend Lawrence Dallaglio To The Team

Caduceus Metaverse Protocol Welcomes Rugby Legend Lawrence Dallaglio To The Team

The first Metaverse protocol in the world to use edge-rendering technology Caduceus offers users, creators, and developers an unmatched Metaverse experience. Now that they are attempting to make web3 technology more widely available, they have hired Lawrence Dallaglio to serve in an advisory capacity. Lawrence has been inducted into the Rugby Hall of Fame and […]

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VisionsDao Presents Modular GameFi Stack For Sustainable Economies As It Exits Stealth Mode

VisionsDao Presents Modular GameFi Stack For Sustainable Economies As It Exits Stealth Mode

VisionsDAO is a young GameFi infrastructure startup working on developing a foundational primitive that game developers could use to implement sound cryptoeconomic designs and plug-and-play modules that will enable a new wave of sustainable on-chain Web3 games to enter the market and succeed. Through top-notch crypto-economic modules that shorten time-to-market and lower development costs and […]

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Trading Bot Known for Beating Crypto Markets Chooses Cardano (ADA), Polygon (MATIC) and Chainlink (LINK)

A robot that’s earned a reputation for outperforming the markets is unveiling its latest altcoin allocations as most cryptocurrencies give up their recent gains. Every week the Real Vision Bot conducts surveys in order to generate algorithmic portfolio assessments that reveal a “hive mind” consensus. The bot’s newest data finds that traders’ risk appetite remains […]

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Why Are Crypto Investors Rotating From Bitcoin To Altcoins?

The crypto market is pulling back into support and could face potential headwinds in the short term. In the crypto top 10, Bitcoin has been outperformed by the altcoins sector with Ethereum and Binance Coin, and Polkadot still preserving some of its gains from the past week. Related Reading: CEL Rallies To $2 As Bankruptcy Proceedings Continue, But Rally May Just Be Starting This shows a shift in the crypto market dynamics as investors seem to be regaining confidence in the sector and moving away from Bitcoin. Therefore, the number one crypto by market cap appears to be lagging which translates into a decline in Bitcoin dominance. As seen below, this metric has been moving sideways since May 2022 after seeing a small push to the upside. In 2021, as Ethereum and other altcoins reached new all-time highs, Bitcoin dominance plummeted to its current levels. If the current trends continue, Bitcoin lagging the altcoin sector, the metric could re-test its yearly lows and drop from 43% into the high 30% area which could provide altcoins with more room to reclaim previously lost territory. According to a report from Arcane Research, their Crypto Indexes for altcoins have been showing positive returns in August. As seen below, the research firm records 9%, 7%, and 5% profits for their Large, Mid, and Small Cap Index while Bitcoin records 2% profits. The latter shows the biggest increase as risk exposure trends upwards, and stablecoins market shares follow a similar trajectory as that of the Bitcoin dominance. Arcane Research noted: With bitcoin underperforming relative to altcoins, the bitcoin dominance has plummeted from a peak of 47% in the middle of June to 40.5% now. As the market sentiment has improved traders have been more interested in getting exposure to altcoins than bitcoin. In the crypto market, altcoins might continue to dominate in the short as BTC’s price moves sideways. Thus, investors seeking higher returns might consider rotating into Large to Mid-cap cryptocurrencies, and Small Cap if they have bigger risk tolerance. Why Is The Crypto Market Seeing Short-Term Downside Price Action Despite a positive month for the majority of the crypto market, most cryptocurrencies are experiencing downside price action on low timeframes. This is due to the potential short-term impact of the macro-economic factors affecting the sector. Tomorrow, the U.S. Federal Reserve (Fed) will release July’s Consumer Price Index (CPI) print. This metric is used to measure inflation in the U.S. dollar, which has been trending upwards and stood at a 40-year high. Thus, the Fed has been hiking interest rates and shifting its monetary policy in an attempt to slow down inflation. If July’s CPI print hints at success in those attempts, the financial institution might be inclined to act less aggressively. Related Reading: Bullish Expectations From The Ethereum Merge Rise Post Chainlink’s Announcement This could lead to a stronger bullish momentum across risk-on assets, such as Bitcoin and the crypto market. In the meantime, market participants seem to be sidelined and expecting tomorrow’s outcome. A pseudonym trader said the following on the above: CPI relation with Bitcoin. Now that gas prices are lowering, we’ll see a decrease or inflation holding/cooling. This will give confidence back to investors. Fed rate lowers to 50 bps at next FOMC meeting, showing optimism to investors. Don’t get shaken out before the move up.