May 26, 2022

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Crypto Today: Bitcoin and Ethereum Zero to Zero, Metaverse Token Rise 287%, Ronin Promises Money Back for Axie Infinity Players

Crypto Today: Bitcoin and Ethereum Zero to Zero, Metaverse Token Rise 287%, Ronin Promises Money Back for Axie Infinity Players

The two largest cryptocurrencies by market capitalization on Thursday (31) blew once again close to stabilizing over the past 24 hours, with Bitcoin (BTC(Just over $47,000 and Ethereum)ETHIt is trading around $3,400. It is the second day in a row that digital asset prices have deviated from their trajectory.

The crypto market follows global exchanges and reacts to the ongoing war in Ukraine and the new signs of a challenging global economic environment, with Investors eye In oil prices, the European energy crisis and high inflation.

How far will cryptocurrency go? What is the best way to buy it? We have prepared a free class step by step. Click here to view and receive InfoMoney’s cryptocurrency newsletter

Edward Moya, chief analyst at Oanda Americas, said that after a week of gains, the “rise of bitcoin” “has taken a breath and should continue to do so as war fears completely dominate the fate of traders in the short term, the riskiest asset.”

Moya is cautious about the asset’s short-term future. “Bitcoin needs a catalyst to reach the $50,000 level, so at the moment it looks like it can be combined between the $45,000 and $48,000 levels,” he said.

Cryptocurrency investor and trader Vinícius Terranova also notes that the rally can be contained for the time being, indicating that prices are undergoing a correction.

“The patch is healthy. Who watched The latest episode of Crypto + Already waiting for this correction after a strong rally like the one we saw,” he says, stressing that the moment is good and trying to take advantage of the decline to accumulate more bitcoins. “A pullback does not mean the end of a new trend. [de alta]’, he explains.

  • Watch: Where is Bitcoin headed after hitting a year high? Analysts explain the movement and make forecasts

Despite the moment of a major price stagnation, analysts remain optimistic about a bitcoin rally in the coming weeks. One of the reasons is Excitement about buying digital currency as a reserve to me stablecoin land in US dollarsUST), in the first ever initiative of its kind.

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According to the Twitterlfg_reserve profile, which monitors BTC purchases by the Luna Foundation Guard, which operates terrestrial treasuries, the project treasury already holds more than 30,000 Bitcoin, worth $1.44 billion. The goal, according to institution watchers, is to create a $10 billion worth of Bitcoin in reserve.

The market also seems to have caught up quickly ronin network hackAnd the blockchain From the same creators as Axie Infinity (Access). The developers said last night that they were still investigating the issue, but promised to compensate all affected users.

We are conducting a full investigation. Work with Chainalysis to monitor stolen assets and with Crowdstrike to deal with it [a investigação] Team Ronin said in a tweet on Twitter.

The network developers claimed that they were certain that the intrusion came from outside. All evidence points to an organized attack using social engineering, a technique that involves exploiting human flaws – in this specific case, to gain access to private keys governor stolen.

“We are committed to ensuring the refund or reimbursement of all drained funds,” Ronen said.

While BTC and ETH are at zero to zero, most of the other major cryptocurrencies in the top 20 by market capitalization are on positive ground, most notably Solana (the sun), which has risen about 12% in the past 24 hours and has already accumulated an increase of more than 30% in seven days.

However, the performance is still much lower than Ziliqa (zill), which again shows a huge jump today, at 27%. In one week, the value of the cryptocurrency rose by a staggering 287%, in a speculative move on the eve of the launch of a new project for metaverse called Metapolis, scheduled for Saturday (2).

Also on the verge of releasing his metaverse is the Shiba Inu coin meme project (graying). Announced in FebruaryThe virtual world has already gained marketable territory.

Check out the performance of major cryptocurrencies at 7:15 am:

Cryptocurrency price Change in the last 24 hours
Bitcoin (BTC) 47,289.12 USD + 0.1%
Ethereum (ETH) $3,417.19 + 0.8%
Binance Coin (BNB) 447.02 USD + 2.5%
XRP (XRP) 0.866763 USD + 0.8%
Solana (the sun) 124.44 USD + 11.9%
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Cryptocurrencies with the biggest gains in the last 24 hours:

Cryptocurrency price Change in the last 24 hours
Zlika (zill) 0.190071 USD + 27.4%
Theta Fuel (TFUEL) 0.225063 USD + 15.1%
synthetic (SNX) 6.94 dollars + 12.1%
Solana (the sun) 124.46 USD + 11.9%
Engine (ENJ) $1.95 + 11.2%

Cryptocurrencies with the biggest drop in the last 24 hours:

Cryptocurrency price Change in the last 24 hours
waves (waves) 50.49 USD -5.7%
Hahahaha (avi) 224.28 USD -5%
Chili pepper (CHZ) 0.307655 USD -2.8%
FraxShare (FXS) US $22.75 -1.8%
near protocol (near) $14.16 -0.8%

Check out how the cryptocurrency ETFs closed in the last trading session:

ETF price disparity
Hashdex NCI (HASH11) 41.00 BRL -0.6%
Hashdex BTCN (BITH11) 54.00 BRL -0.11%
Hashdex Ethereum (ETHE11) 47.75 Brazilian Real -1.89%
Hashdex DeFi (DEFI11) 46.36 Brazilian Real + 1.44%
QR Bitcoin (QBTC11) 14.09.2016 Brazilian Real -1.33%
QR Ether (QETH11) 11.82 Brazilian Real -1.82%
QR DeFi (QDFI11) Brazilian Real 8.75.00 Brazilian Real + 4.91%

Check out the main news from the cryptocurrency market this Thursday (31):

Shiba Inu announces its land in the metaverse

The developers behind the popular cryptocurrency Shiba Inu (SHIB) have revealed the details of the ‘SHIB: The Metaverse’ project, announcing 100.595 virtual lands For marketing – a part that will remain private.

The land will be offered in phases, with 36,431 starting installments available at prices between 0.2 ETH and 1 ETH (between $680 and $3,400).

The team decided to use ETH instead of SHIB itself to reduce the downside risk of Shiba’s native coins.

“use Icons The ecosystem is a risk because we will need to flood the price of our tokens to cash them out! “This is far from our plans,” the developers said in the announcement posted on Wednesday.

Land buyers will be able to generate passive income, collect in-game resources, and generate rewards, which the team said it will reveal soon.

MOS Decentralizes and Offers Free Tokens

Brazilian fintech company Moss has announced the Moss Governance Token, a digital asset that allows holders to comment, participate in discussions and vote on changes to the MCO2 token and new protocols.

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According to Moss, buyers of new Moss Governance Token assets will be able to participate in decisions such as creating new tokens, listing carbon credit providers, new partnerships, and tokenizing other assets, among other initiatives.

Of the 3.041 million MCO2 tokens issued as of February 1, 2022, 30% will be split between investors/partners and shareholders.

The rest will be donated to the company’s social media community, existing MCO2 holders, to the Klima project, which also focuses on the carbon market, and to users who deposit (deposit with income).

Foxbit debuts payment solution for businesses

Announced in October last year, the payment solution Foxbit Pay from brokerage Foxbit has been brought to market in partnership with VDV Advogados. Through the platform, the company’s customers can make payments in bitcoin and other cryptocurrencies.

According to Foxbit, the process is done through a payment link containing a QR code for the wallet to be deposited. The system updates this wallet with the value of the cryptocurrency every 30 minutes, and when the payment is made, the company receives the amount in their bank account. exchange.

“For companies, this is a way to diversify and attract new customers, in addition to being part of the crypto economy, which has only been enhanced by the consolidation of its enormous potential,” analyzes Rodrigo Ikejaya, product manager at Foxbit.

Also according to Foxbit, Foxbit Pay has many customers on the waiting list to implement this system in their companies. Over the next few months, the service will provide, upon request, the function of settling the amount paid in riyals at the time of purchase.

How far will cryptocurrency go? What is the best way to buy it? We have prepared a free class step by step. Click here to view and receive InfoMoney’s cryptocurrency newsletter