CRYPTO NEWS

Top metaverse cryptocurrencies as South Korea seeks to accelerate metaverse growth

After a selloff in the past week, the cryptocurrency market is stabilizing, and selling volumes are dropping. This means it could be an excellent time to start looking for buying opportunities if there is a rally within the week. But where can such a rally come from? What could trigger it? Well, that will depend a lot on the news, and at the moment, the news is pointing to Metaverse cryptocurrencies as potentially big winners this week.

The latest news coming about the Metaverse is coming from South Korea. The country’s regulators are working on a framework that will fast track growth of the Metaverse in the country. Though these are long-term plans, the markets will likely respond positively to this news, which means potential growth in top Metaverse cryptocurrencies.

With this in mind, let’s now look at the top 3 Metaverse cryptocurrencies to keep an eye on this week. 

Decentraland (MANA)

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Binance

Binance is one of the largest cryptocurrency exchanges in the world. It is better suited to more experienced investors and it offers a large number of cryptocurrencies to choose from, at over 600.

Binance is also known for having low trading fees and a multiple of trading options that its users can benefit from, such as; peer-to-peer trading, margin trading and spot trading.


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Decentraland (MANA) is one of the top Metaverse cryptocurrencies by market cap and one of the best-performing ones in the November 2021 cryptocurrency rally. However, it has since lost a lot of value and is currently trading at less than $0.80. This makes it quite affordable to most investors, and as the South Korean news filters into the market, MANA is likely to pump. That’s because it is one of the biggest Metaverse cryptocurrencies in the market now, which makes it easily accessible even to a non-sophisticated investor.

Sandbox (SAND)

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Bitstamp

Bitstamp is a leading cryptocurrency exchange which offers trading in fiat currencies or popular cryptocurrencies.

Bitstamp is a fully regulated company which offers users an intuitive interface, a high degree of security for your digital assets, excellent customer support and multiple withdrawal methods.


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The Sandbox (SAND) is another large-cap of Metaverse cryptocurrencies that could do well if Metaverse cryptocurrencies gain traction this week. Like Decentraland (MANA), Sandbox (SAND) is one of the larger and hence more visible Metaverse cryptocurrencies that could benefit if there is FOMO around Metaverse cryptocurrencies in the month. Besides being one of the largest Metaverse cryptocurrencies, SAND has a growing ecosystem of games and other virtual assets, making it hugely undervalued at current prices.

Axie Infinity (AXS)

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Bitstamp

Bitstamp is a leading cryptocurrency exchange which offers trading in fiat currencies or popular cryptocurrencies.

Bitstamp is a fully regulated company which offers users an intuitive interface, a high degree of security for your digital assets, excellent customer support and multiple withdrawal methods.


Buy AXS with Bitstamp today

Axie Infinity (AXS) is one of the top cryptocurrencies that are building one of the fastest growing play-2-earn ecosystems in crypto. It has one of the most expensive NFTs collections on the market. With its deepening P2E Metaverse, Axie Infinity has pretty good odds of growth long term.

In the short term, Axie Infinity has everything it would take to trigger FOMO if Metaverse cryptocurrencies start gaining upside momentum. One thing that gives Axie Infinity the potential to rally is its proven resilience, even during adverse events. For instance, during the Ronin hack, the price of Axie Infinity remained stable throughout.

This and the fact that Axie Infinity is currently trading at record lows from its most recent all-time highs makes it highly attractive to investors. Axie Infinity buying volumes are already rising, an indicator that bulls are taking the market, and a potentially big move could be underway.

The post Top metaverse cryptocurrencies as South Korea seeks to accelerate metaverse growth appeared first on CoinJournal.

CryptoSlate Wrapped Daily: LUNA’s Do Kwon says he is not in hiding after Interpol issues red warrant; Miners abandoning POW tokens

The biggest news in the cryptosphere for Sept. 26 includes Interpol’s red warrant requesting law enforcement worldwide to locate and arrest Do Kwon, news of the upcoming ATOM 2.0 update, and crypto miners leaving PoW tokens after the Ethereum Merge. CryptoSlate Top Stories Interpol issues worldwide arrest warrant for Do Kwon After releasing an arrest::Listen

The biggest news in the cryptosphere for Sept. 26 includes Interpol’s red warrant requesting law enforcement worldwide to locate and arrest Do Kwon, news of the upcoming ATOM 2.0 update, and crypto miners leaving PoW tokens after the Ethereum Merge.

CryptoSlate Top Stories

Interpol issues worldwide arrest warrant for Do Kwon

After releasing an arrest warrant for Terraform Labs founder Do Kwon, South Korea asked for Interpol’s aid in looking for Kwon on Sept. 19.

Responding to Korea’s request, Interpol released a red notice for Kwon on Sept. 26, mandating law enforcement worldwide to locate and arrest him.

Terra founder Do Kwon claims he is ‘making zero efforts to hide’

Following the news of Interpol issuing a red warrant, Do Kwon tweeted that he is making “zero efforts to hide” and that he “go(es) on walks and malls, no way none of CT hasn’t run into me the past couple weeks.”

Miners flee PoW tokens as token prices tank, GPU value flounders

Crypto miners who initially flocked to GPU-compatible PoW tokens after the Ethereum Merge are leaving those networks after the value of their tokens fell and as the value of GPUs dropped by up to 40% in China since the merge.

Ethereum community split over reversible transactions proposal

The Ethereum community has voiced widely divergent opinions on whether implementing reversible transactions is a step forward.

A significant aspect of cryptocurrency is transaction irreversibility. While proponents of reversible transactions point to improved safety, detractors argue that, under this proposal, Ethereum reflects the banking system it claims to oppose.

ATOM 2.0 whitepaper to be revealed during Cosmoverse, token up 25% in September

Cosmos’s native token ATOM’s upgrade details will be launched on Sept. 26, during the first day of the Cosmoverse in Medellin. The details will be revealed in Cosmos co-founder Sommelier Zaki Manian’s keynote speech titled “$1K ATOM LFG” and a panel discussion on ATOM 2.0.

Komodo’s AtomicDEX bridge will now connect Cosmos to hundreds of blockchains

Komodo’s (KMD) integration with Cosmos on AtomicDEX was completed on Sept. 26. The integration leverages AtomicDEX’s cross-chain protocol, non-custodial wallet, and DEX to connect the Cosmos ecosystem to other blockchains.

China arrests 93 people suspected of laundering 40B RMB via crypto

Chinese authorities detained 93 people for allegedly being involved in a money laundering operation. According to local news sources, a group of criminals attempted to launder 40 billion RMB using cryptocurrencies. Authorities were able to seize 300 million RMB and 100 mobile phones from the captured subjects.Wrapped

Australian central bank issues whitepaper for the pilot of permissioned CBDC, eAUD

The Reserve Bank of Australia (RBA) published a whitepaper announcing the pilot program for its Central Bank Digital Currency (CBDC) eAUD on Sept. 26. The whitepaper was co-published with the Digital Finance Cooperative Research Centre (DFCRC).

The eAUD will work on a private, permissioned version of the Ethereum (ETH) blockchain both during its pilot period and after it launches.

Ethereum developers, and Cardano founder Charles Hoskinson get into a Twitter feud

Cardano (ADA) founder Charles Hoskinson got into a quarrel on Twitter with the Ethereum developers.

The feud started after Hoskinson criticized the Ethereum developers for ignoring Ouroboros for the last five years. He claimed that the developers were stuck on technology from 2014. In response, Ethereum developer Hudson Jameson spoke for the Ethereum developers community and said they wouldn’t look at Cardano because of Hoskinson’s attitude.

Former IMF official believes CBDCs need to function offline to gain mass adoption

A former IMF official John Kiff published a blog post explaining why he thinks Central Bank Digital Currencies (CBDC) can promote global financial inclusion.

Kiff was responsible for fintech and digital currencies during his position at the IMF. He likens the CBDCs to Avant cards of the 90s and debit cards of the 2000s in terms of utility and expansion potential. Adding that both initiatives both became widely popular and increased financial inclusion in the past, he says that CBDCs carry the potential to be the next big thing in the finance sector.

Osmosis co-founder reveals cross staking through mesh security in chainmail armor at Cosmoverse

Osmosis founder Sunny Aggarwal took to the Comosverse stage to speak about mesh security systems and opened his talk in a 40lb suit of chainmail armor.

Research Highlight

Research: How low can Bitcoin price go?

ı analysts tried to answer one of the most critical questions of today’s market: how low can Bitcoin (BTC) go? To find an answer, analysts looked at the MVRV Z-Score, which is a combination of Market Value (MV), Realized Value (RV), and Z-score.

MVRV Bitcoin Chart
MVRV Bitcoin Chart

The MVRV Z-Score is currently in the green zone, suggesting a market bottom. However, this has been the case since the beginning of the bear market. In previous bear markets in 2020, 2019, 2014, and 2011, the MVRV Z-Score remained in today’s range between 20 and 300 days, suggesting that Bitcoin’s price can stay the same for six more months.

With that being said, Bitcoin can still drop lower in the future. The closest support level is $17,500, and falling below that would indicate that this bear market is none like the previous ones.

Crypto Market

Bitcoin (BTC)increased by 1.2% in the last 24 hours to be traded at $19,172. Ethereum also increased by 2.61%, reaching $1,331.

Biggest Gainers (24h)

Biggest Losers (24h)

The post CryptoSlate Wrapped Daily: LUNA’s Do Kwon says he is not in hiding after Interpol issues red warrant; Miners abandoning POW tokens appeared first on CryptoSlate.

Top metaverse cryptocurrencies as South Korea seeks to accelerate metaverse growth

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