Will Bitcoin continue to fall?BTC: Judging from the daily chart, the market was super negative yesterday, which seems to mean that its direction is chosen. Even if there is a rebound trend after the plunge, both in terms of the strength of the rebound and the time of the rebound, the bulls are basically defenseless at present, and as the rebound trend gradually consumes the rebound momentum, the height of the rebound will also decrease.
On the 4-hour chart, the market has returned to the structure of the third wave again, and the decline has been strengthened and confirmed. Now that the third wave is not in place, the probability of continuing to fall is relatively high.
And on the fundamentals, the risks still tend to be downside due to the ongoing concerns about the ongoing cryptocurrency crackdown by US regulators.
Therefore, in terms of operating ideas, it is mainly based on rebound shorting, and the height of the rebound can be appropriately reduced, so don't easily try to make a profit from the rebound.
BTC: 20800-20900 short, target 20100-20000
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Value
Bitcoin, ready to enter with empty ordersBitcoin fell in a waterfall under the influence of market pessimism and news. The K-line once broke below 20,000, and the lowest reached the position of 19569. In the case of catharsis of bearish sentiment, the bulls did not resist and fell all the way. At present, although the bears are showing signs of slowing down, they began to rebound under the structure of the 5th and 10th moving average forming the support of the golden fork, but the strength of the rebound is still limited, so in the absence of obvious strong support below, you can't go against the trend in terms of operation, but you still have to conform to the trend and focus on the high altitude.
Operating strategy: Rebound to near 20700, empty orders enter the market
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Silver, You should dump your paper and buy some physicalOANDA:XAGUSD
Paper trading things like silver and gold are a total joke. You who trade paper shares are trading in mostly fake, extremely diluted, worthless shares. Your paper certificate is diluted somewhere on a ratio of 900 paper shares to every actual physical once of silver.
Soon enough, actual silver will decouple itself from these made up paper shares. When it decouples, physical silver will go through the roof, and the silver paper market will crash, because it will be no longer tied to silvers actual spot.
It is a massive risk to be involved in paper shares of anything that is diluted so much, its insane. Hard times are very close, the crash is right around the corner. Best invest in physical, or if not, be aware of the risks that come with the paper market. Also. To those using technical analysis on Silver or Gold.. It does not work so well, especially right now, because precious metals have too much reaction to financial instability and economic crisis.
I wish all a great day and to stay strong in the hard time that will come upon us all. Prayers. Strength and Unity.
The prices of these coins will soar all the way in 2023
1. AI coins
ChatGPT is the next big thing because it can quickly solve difficult tasks.It has passed a major medical exam in the United States, cooperated with Microsoft, and is attracting competition from Google.
Therefore, crypto AI technology is booming, driving the bullish momentum of coins such as $FET, $AGIX,$GRT,$RNDR and several AI coins.
2. ZK Rollups
Ethereum stores global transaction data, but high gas fees make it difficult.ZK-rollups uses encryption tools to reduce the Ethereum blockchain space and expand the network.
This is a promising technology extensibility solution for Ethereum.
The following is a list of coins with ZK summary: $LRC,$IMX,$MINA,$MATIC will release the beta version of the zkEVM mainnet.
3. Mobile pledge tokens on decentralized pledge services
The SEC plans to ban pledge services in the United States, which has threatened the cryptocurrency pledge industry. Kraken was fined US300,000 and ordered to shut down its pledge service, and coinbase is also preparing to fight the SEC's crackdown.
Liquidity pledge tokens are on the rise, because decentralized pledge services may replace centralized platforms that may face bans in the United States.
The following are some coins that are bullish after the event: $LDO,$RPL and $ANKR.
4. Chinese coin Narrative
HongKong will officially legalize Crypto buying, selling and trading for all its citizens in 2023.This also includes institutions in mainland China.
As a result, Chinese currency is bullish.
LINA: Cross Chain Exchange from Hong Kong, Binance Launchpad
KEY: Enabling Crypto Payments in Hong Kong
MDT: Monetizing Data Coin from Hong Kong
ACH: Enabling Crypto Payments in Hong Kong
SAND: Building Hong Kong's Metaverse Backed by Animoca Brands
5. Bitcoin ordinal
According to coinmarketcap, the BTC ordinal number is "sats" or satoshis, which has been sorted and engraved with a piece of information, such as text or images.This piece of information makes sat unique and turns it into a de facto NFT.
In this kind of hype, what coins have soared?
Stacks' $STX token soared to a nine-month high of US1.0491 due to increased interest in Bitcoin NFT driven by the ordinal project.
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Short crude oil when reboundingBecause the market is vigilant about frequent and more substantial interest rate increases by the Federal Reserve, concerns about the global recession have increased, and the global stock market has generally weakened, which has dragged down oil prices.
On the daily chart, oil prices continued to weaken in the short term, and fell back after the rebound in the previous trading day was blocked, suggesting strong selling pressure above.From the technical structure point of view, oil prices have still been in a wide fluctuation trend in recent months, and at the same time, they have also formed a short-term wedge-shaped consolidation trend to make a transitional market before the direction is chosen.The current support and strong support for oil prices are the 74.3 line on the wedge-shaped extension cord and the 72.3 line on the extension cord of the shock box below. The resistance above the short period is at the 76.5 line, and the stronger resistance is at the 77.6 line at the intersection of the short-period moving average and the Bollinger band.
In order to facilitate everyone to continue to follow up on my analysis and sharing, you can like and follow me; in addition, I will share the daily real-time strategy in the channel. If you can't follow up in real time, you may make operational errors.You can use the following methods to enter my channel for free to follow the latest news and follow up on market trends in real time.
What is the golden rule of taking profits?
For trading stocks, futures, or forex, taking profits is also part of the trading process. For investors, taking profits and adhering to it during a trade is effective. When to take profits? Where is the best position for stop loss and take profit? Which strategy is more profitable? Taking profits and stop loss is one of the most important aspects of trading. If not handled properly, it could lead to losses. In previous articles, we have discussed the rule of stop loss. This chapter will discuss the rule of taking profits.
Investors are advised to follow and read this article. If it is helpful, please give it a like. Thank you.
Methods of taking profits
Taking profits means closing the position and securing profits when the trading goal is achieved to prevent market reversal. Taking profits can be divided into static and dynamic methods.
Static taking profits means setting a target for taking profits and closing the position when the target is reached. For example, if the profit expectation is 100 points and the price has risen 100 points, the position is closed to take profits. The target for taking profits is fixed and static.
Dynamic taking profits means the profit target is dynamic and is held until the price meets a dynamic standard before closing the position. For example, when holding a long position and floating profits, close the position when the market price breaks the bearish level. Traders cannot know in advance where the bearish level will appear and need to monitor the market dynamics.
Next, we will discuss five methods of taking profits.
Method 1: Fixed point profit taking
This is the simplest method of static taking profits. After entering the position, set a fixed profit space. This profit-taking method is more suitable for intraday and short-term trading. For example, after entering an intraday trading position, set a fixed profit-taking point of 50 points.
Intraday trading has a relatively obvious characteristic of fluctuating trends, and market prices tend to rebound and even fluctuate repeatedly. The profits from holding positions during market rebound may be given back, so setting a fixed profit-taking point can be more advantageous during trading.
In practical trading, the number of fixed stop-loss points should be set according to the volatility of different products. For products with high volatility, set a larger number of fixed stop-loss points, and for products with low volatility, set a smaller number of fixed stop-loss points.
Please note that this method should not be underestimated simply because it is simple. Whether this method is useful or not depends on the specific usage environment.
Method 2: Fixed profit and loss ratio take profit. This is a commonly used static take profit method in medium and short-term trading. First, let's talk about the profit and loss ratio. The ratio of the profit space of an order to the stop loss space is the profit and loss ratio. For example, if the profit is 100 points and the stop loss is 50 points, the profit and loss ratio is 2:1. Fixed profit and loss ratio means that the take profit is set according to a fixed ratio based on the stop loss space. For example, if the stop loss of an order is 100 points, setting the take profit at 100 points results in a profit and loss ratio of 1:1. Setting the take profit at 150 points results in a profit and loss ratio of 1.5:1. Setting the take profit at 200 points results in a profit and loss ratio of 2:1, and so on. The fixed profit and loss ratio method is easy to operate and highly executable. Moreover, when the market fluctuates and the stop loss space expands, the take profit space will also expand accordingly, making it very flexible.
Method 3: Take profit combined with technical indicators. This is also a static take profit method. After entering an order, the take profit is set based on technical indicators. For example, setting the take profit at the level of previous highs and lows, or at the support and resistance levels of the Bollinger Bands or important moving averages, is feasible. In addition, in practical trading, it is common to enter and exit at small time frames while looking at the support and resistance levels of larger time frames. For example, entering at the 5-minute level and setting the take profit at the support and resistance level of the 1-hour chart, or entering at the hourly level and setting the take profit at the Bollinger upper and lower bands of the daily chart, is essentially a logic of "going small and looking big".
Method 4: Take profit following the trend. This is a dynamic take profit mode and a trend-based take profit strategy. After entering an order, the position is held following the trend indicator, and the position is held until a reversal signal is issued, at which point the take profit is closed. Tracking with trend lines, channel lines, and turning points in the market are all common practices in daily trading.
Method 5: Combination of multiple methods, batch-wise profit taking.
The above four methods are the most mainstream and commonly used methods, but each method has its pros and cons.
For example, the fixed profit and loss ratio method cannot hold onto trend profits, and the trend tracking method cannot make profits in volatile markets. Therefore, some clever traders combine these methods and take profits in batches.
For example, after the order is entered, when the profit and loss ratio reaches 1:1, part of the position is closed, and the remaining position is exited using the trend tracking method to achieve greater profits.
In practical trading, traders can combine the above profit-taking methods in different ways, such as combining the support and resistance levels of the previous high with the fixed profit and loss ratio, or combining the support and resistance levels of the previous high with the trend tracking method.
After discussing these five profit-taking methods, it is only providing traders with an idea, and the specific results of practical trading must be reviewed and analyzed in combination with their own trading systems.
OANDA:XAUUSD FXOPEN:XAUUSD
During the Super Data Week, will XAUUSD drop to 1804?
Powell will testify before the Senate Banking Committee on Tuesday on the Fed's semi-annual monetary policy report. He will then testify before the House Financial Services Committee on the same topic on Wednesday. The market will also digest the latest non-farm payroll report for February, which is widely expected to add 200,000 jobs, with an unemployment rate of 3.4%. The upcoming testimony of Fed Chairman Powell and the February employment report will guide the direction of precious metals.
The February employment report and Fed Chairman Powell's testimony in Congress this week should clarify whether recent comments about "continuing higher interest rates" are justified. In the short term, gold is still heavily dependent on data and the trend of the US dollar. If the Fed ultimately decides to raise interest rates, the trend of gold will be suppressed, and there will be a wave of downward movement.
Looking at the hourly chart of XAUUSD, the current trend is running within the range of 1840-1860. It is expected that the overall trend will not form an effective breakthrough before explosive news comes out. Therefore, there is a demand for a decline when the trend reaches around 1860. Short-term traders can operate by selling high and buying low in this range.
This week is the Super Data Week, with CPI, PPI, ADP, and NFP data, and the release of each data will directly affect the trend of gold, and is also the key to breaking the oscillation range. Personally, I will continue to pay attention to the release of data and the speeches of the Fed, and provide friends with the latest operational ideas. Thank you for your attention and support.
The Seven Major Factors Affecting Gold.Firstly, the demand for gold commodities affects the price.
In addition to its use as a daily decorative item, gold plays an important role in industry, occupying an irreplaceable position in industries such as dentistry, electronics, and others. As a hedge tool, the price of gold is influenced by demand, and the supply and demand relationship directly affects the price of gold. Changes in production will also affect the gold price, such as the demand for teeth in Japan and the demand for jewelry in India, both of which directly affect the monthly price trend of gold each year.
Secondly, the gold output determines the supply-demand balance of gold.
The production of gold-producing countries directly affects the supply-demand balance of gold. Currently, China has the largest gold production, followed by South Africa. Any unexpected event, such as strikes and other special situations, will have an impact on the gold price.
Thirdly, international interest rates and exchange rates directly affect the gold price.
Interest rates and exchange rates have a direct impact on the gold price, especially the trend of the US dollar. The international status of the US gold price directly determines the status of the country's international finance, and the price of the US dollar also directly affects the price of gold. As the US dollar, which also has investment functions like gold, it directly affects the gold price. If the investment trend of the US dollar is strong, gold investment will be relatively less, while the opposite is true for the US dollar in a weak investment market, where the role of gold as a reserve asset and a hedge will be stronger.
Fourthly, inflation stimulates the gold price.
When the consumer price index rises and inflation affects investments, gold is no exception. When the price fluctuation of a country is severe, and the inflation rate is high, and the price fluctuation is severe, people's panic will intensify. When purchasing power declines, people will worry about future security and choose to buy gold to hedge, which will cause the gold price to continue to rise. Although the current role of gold in fighting inflation is not as significant as before, high inflation will still stimulate the gold price.
Fifthly, political situations such as wars can stimulate the gold price.
Political instability promotes the rise of the gold price, and war causes a rise in commodity prices, leading to a rise in gold prices. Similarly, as a critical strategic material, the price of gold has a remarkable correlation with the price of oil. When the price of oil rises, the gold price rises as well. Conversely, when the price of oil falls, the gold price also falls.
Sixth, as a safe-haven demand, gold is the first choice
Due to the small total reserves, the price of gold is relatively stable, and because it has served as a currency, it is an excellent tool for hedging and hedging. As an important hedging tool, gold has strong political sensitivity. Jewelry in prosperous times, gold in troubled times, when the economy is in recession, investment will favor gold more, and it will also directly affect the price of gold.
7. Investors’ psychological expectations
The psychological expectations of investors are an important factor affecting the price of gold, but they usually do not act alone. Instead, they often change in conjunction with the variations in the aforementioned factors, amplifying or reducing the expected value of gold and causing significant differences in its price.
Following the footsteps of the market, respecting the market, and aweing the market is to follow the market
Pay attention to me and you will discover that trading is so simple and enjoyable!
BROOKFIELD Analysis (BN)📝 1. Introduction
Brookfield is a global asset company active in a variety of industries, including Renewable Power and Transition, Infrastructure, Private Equity, Real Estate, and Credit and Insurance Solutions.
With approximately 180,000 employees in more than 30 countries, the company has an extensive network of investments and operations around the world.
The correlation with the S&P 500 is close to 1:1 most of the time.
Given the company's scope in several sectors, its size and its history, it is important to put it on the table when carrying out a broad market analysis.
🧾 2. Fundamental Analysis
🔴 Analyzing the aspect of operating results, net revenue has been progressively falling since March 2022.
It is now practically at the same level as March 2020.
This reflects on the Earnings per Share, which is not following the Estimated Earnings per Share, indicating a possible excess of optimism on the part of analysts.
🤔 Will revenue drop to the same level as in June 2020?
🔴 Free cash flow is on the same path, at the same level as in March 2020 as well.
🟢 Looking at the P/E ("Price/Earnings"), we can see that the share price has become more expensive in relation to its earnings, giving a balance from the end of last year.
A higher P/E can be a result of a positive expectation for the company's growth.
🟢 The P/CF ("Price/Cash Flow") is signaling a recovery, indicating an increase in the share price in relation to its available cash, which may also corroborate an optimistic expectation for the company's growth.
🟢 Finally, looking at the Balance Sheet aspect, Shareholders' Equity continues on a constant upward trend, which demonstrates financial health.
🟡 Conclusion: Said that, I don't see any problem with this fundamentalist data.
My only point of attention is regarding net revenue, which is at the same levels as the start of the pandemic back in 2020.
Due to the increase in the cost of money, revenue may reach the same level as June 2020 or even worse. The X of the question is how much and when.
📈 3. Graphic Analysis
A buy in the region between $30 and $31 after an upward pivot becomes more attractive, offering a good risk/return ratio:
Another scenario that can develop, which is easier to visualize on the line graph, is a trading range within a triangle.
In this scenario, I think the price would break below the triangle to capture the bulls' stops, and only then begin an upward movement.
XRP the Standard - KING of Altcoins 🕚Hi Traders, Investors and Speculators of the Charts 📈📉
If you've been following me for the past year, you'll be well aware that I am notoriously bullish on XRP. Now before you think "omg not another #xrparmy post..." - let me reassure you that this is not because of the cult-following that surrounds XRP. Infact, I'd like to explore a few other fundamental reasons on why I remain bullish on XRP. Not because of the price (although it is a bargain atm), but because of the future potential value, as taught by Warren Buffet considering Value Investing.
When it comes to investing, we can all take a page from Warren Buffet's book - invest for the future potential value and ignore the price now. Warren Buffet made his fortune by spotting great opportunities early, and talking a leap of faith. XRPUSDT is one of those altcoins that show great promise - but maybe not right now. Founded by Ripple in 2012, XRP has a massive advantage over other altcoins - time . With time comes progress, innovation and most importantly : the establishment of a network. Ripple is the only crypto-presence at the World Economic Forum, you will find their CEO (Brad Garlinghouse) on the website of the WEF . That's a great pluspoint in terms of fundamentals.
XRP wallets officially hit 4,6 Million yesterday. This proves that more liquidity is entering the market, which is a bullish sign .
In a previous post, I discussed the fundamental impact of Harvard declaring that XRP and XLM will be the future of payments (yes, this really happened):
The latest news on the SEC case vs XRP can be found here:
XRPUSDT is also HIGHLY OVERDUE for a close ABOVE the monthly resistance zone. Check out this idea from September 2022:
Final Thoughts 💭
Can you think of any other altcoins that received so much hate over YEARS from the media... and even a lawsuit form the SEC? If you've been in this space prior 2018, you'll know that XRP was the underdog of crypto. Sure, mistakes were made, but the space was new and there were no rules. To be completely logical, most companies would rip off people if they get the chance. If you're looking for a morality coin to invest in, let me know when you find one. The price related foul play in XRP's early days doesn't change the current fundamentals for XRP as mentioned above.
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CVR Partners $UAN a deep value play for 2023NYSE:UAN
A cheap fertilizer producer with strong fundamentals is a strong bet for 2023. Latest ER reported strong Revenue and EPS beats despite Russian fertiliser exports being at all time highs.
MR Quarterly production was impacted by maintenance - this work has been completed and it is likely that production volumes will return to normal this coming quarter likely boosting revenues this year.
Macro factors e.g. war in Eastern Europe will likely add uncertainty to the availability of fertilizer along key transport routes to western Europe as sanctions against Russia take effect - shipping routes from Turkey will likely be impacted.
I expect this stock has 20% upside by end of 2023 excluding dividend.
📉 Stoch Markets: Is the worst really over? 🚀⁉️📝 I will try to analyze the market as a whole, with reference to the Russell 3000 index , which is broader than the S&P 500 .
(Russell 3000 is a capitalization-weighted stock market index that seeks to be a benchmark of the entire U.S. stock market. It measures the performance of the 3,000 largest publicly held companies incorporated in America as measured by total market capitalization, and represents approximately 97% of the American public equity market).
📈 On the top chart we have the Russell 3000 .
📉 On the bottom chart, we have the Russell 2000 Growth divided by the Russell 2000 Value .
(The Russell 2000 Index is a small-cap stock market index that makes up the smallest 2,000 stocks in the Russell 3000 Index).
The intention here is to see how the companies classified in the 'Growth Investing' category are performing, using the 'Value Investing' companies as a parameter.
🤔 As a rule, it is to be expected that when traders and investors are more prone to risk, they invest more money in 'growth investing' companies than in 'value investing' companies.
1) Analyzing divergences
1.1) 2006-2008
In the period from 2006 to 2008 we had a divergence: the Russell 3000 had lower funds, while the Growth companies had higher funds. The apex was found precisely in the blue diagonal channel, on 12/30/2008. Note that Russell's bottom was only found on 03/10/2009, 3 months later. There is a clear anticipation in the contribution of 'Growth' companies.
1.2) 2014-2016
Russell tests the support of the green line several times, the last one being on 02/11/2016.
Meanwhile, Growth companies remain on the rise, however reaching the blue diagonal channel again on 02/02/2017, 1 year later.
In this case there was an outflow of 'Growth' companies, at least until reaching the blue diagonal channel. After that the increase continues.
1.3) 2018-2020
In this period we have a classic book divergence.
The Russell peaks downwards on 21/12/2018, and later on 23/03/2020, featuring lower bottoms.
Meanwhile, 'Growth' companies continue to 'respect' the green close with ever higher funds, reaching a low peak on the same date.
1.4) 2022-?
Considering the bad macro-economic scenario, with the high cost of money and inflation, it would be surprising that the 'Growth' companies had a better performance than the 'Value' ones. Despite this pessimistic bias, if this indicator breaks above this green diagonal line and stays there, I will reconsider this opinion. If not, I think it is more likely that it will hit the blue diagonal channel again to form the final divergence.
🟢 For comparison purposes, considering a more global aspect and not just the small companies of the Russell 2000, the same analysis could be done on the ratio between the RAG and RAV indices (Russel 3000 Growth/Russel 3000 Value):
2006-2008
2014-2016
2018-2020
2022-?
🔵 What's important to note is that these key moments happened in December and March.
TSLA vs NIO: Buy and Sell EV's against each otherWorking on a EV only portfolio strategy where you just trade Tesla for NIO stock back and forth. I backtested it with $1000 to start on May 19th 2019 (think fractional shares at first). Buy into Tesla to start (based on the chart) with 100% of the portfolio. There are some trades we could not do because we didn't have any more money to put into the stock.
We came up with a running total so far $3014 or $2014 in profit. Let me know your thoughts we charted every trade we did so far. we never got to 100% total
GBPCHF - The Buyout, Accumulation.I've decided to go for the long term trade. One I categorize as blockbuster . Potential chance to receive a massive reward in ratio to a loss.
- Here's my reason
With GBP falling treacherously an influx are buyers pusher it back on. Meaning two things. One: An exit of sellers ( Less people selling the pair) Two: An abrupt of buyers getting in a record low prices.
Now within this parallel channel we see the opportunity where resistance is holding, buyers are interested.
GOLD BEAR FLAG UPDATEOur GOLD BEAR FLAG literally could not have played out any better. USD strength is being bolstered by multiple good data releases but that final rate hike and impending recession is on the horizon, gold eventually will be the best buy BUT Anyone who was not expecting this drop is realistically suffering from "Over-Analysis" as this example of a BEAR FLAG is so TEXTBOOK that it could be used as a "Forex Tutorial" on what a proper bear flag should look like. From here on out GOLD is essentially in a FREE FALL. Any buyers are going to be completely and utterly demolished, until a BOTTOM is found and this bottom isnt going to come EASILY.
FIB extension tells the clear story, gold has a LONG WAY TO GO FROM HERE
Do not get caught on the wrong side of this falling knife. Looking to enter long term buy swings at key fib levels: 1780, 1730
Pair Trading : BTCUSD & ETHUSDWhen the Spread Price of BTCUSD & ETHUSD closes above the
upper Bollinger Band, short the pair.
Short BTCUSD.
Long ETHUSD.
Order 14.59x more ETHUSD than BTCUSD.
Where 14.59 is equal to the pair's Ratio (BTCUSD / ETHUSD) & the Spread Price is equal to BTCUSD - ETHUSD * 14.59.
SOL positioned for breakout! (mobile phone releasing early 2023)Right shoulder is above the head and is primed to move through that ascending channel into a range of $26 USD. Don't be surprised if we achieve that before midnight Sunday. Be enthused when you see it back at the $30 USD mark. Sell pressure has waned for a reason. Fundamentals are out, Solana Mobile is releasing the worlds first and only crypto phone & every SOL based project is making a push to be in the dApp store. The major caveat being the SEED Vault.
A SEED is like having a phone in a phone. Your passwords & seed phrases are essentially air gapped. No one can access your SEED Phrase. No malicious third party can use an ad network too violate permissions. Thus making the phone & your Solana Quantum proof.
This isn't an ad, i'm not sponsored... i own a developer test kit model so i could beta test GRIZZLY HACK-A-THON projects. For the past two weeks it's given me overwhelming confidence to UP UP UP my SOL bags. No other chain has a 512 GB phone or a Quantum seed vault. Holding Solana is like holding Tesla stock pre-split. The business venture is backed by Google & Android.
EoY prediction for SOL:
$1355 USD is what i have personally set targets for on a per unit basis. No price prediction target forecast genuinely factors in the Solana Mobile venture.
The phone is ideal for .... "Blockchain Gaming", "Solana Pay", & NFT/credential storage
An analysis of the total Blockchain-wise NFT sales volume over the last 30 days would reveal that Solana is at the second position. Recently, Solana Ventures and the Solana Foundation formed a $100-million fund to help support the growth of NFT, blockchain gaming, and DeFi projects in South Korea.
The blockchain registered a month-on-month increase of over 18%. Ethereum, on the other hand, saw a decline of 23.75% during this timeframe. The recent spike in these NFT volumes ultimately renders SOL to be more useful while revealing the underlying growth of its NFT projects.Also, Meta's intentions to include Solana-based NFTs on Instagram reignites recovery hopes for the token.
USD 15.54 Billion
The global Non-Fungible Token (NFT) market size was USD 15.54 Billion in 2021 and is expected to register a revenue CAGR of 34.2% during the forecast period. In 2021 North America was attributed to 52.8% of global volume.
DYOR | Not financial Advice