Bitcoin: March 21, 2022
Bitcoin Above $41,000 Again!
Bitcoin remained Bullish on Saturday and only slightly tipping bearish Sunday into today. We are still showing a lot of support above $40,000 which is a good sign. We are slicing through current resistance levels like butter. That is the case on the way down as well.
Bitcoin really needs to hold above $42,000.00 and judging on the past several weeks, I would say that by this time next week Bitcoin should be bouncing off of the $42,000.00 level. (hopefully)
Bitcoin Cash BCH
Bitcoin Cash took a nice leg up on Saturday along with other crypto currencies that were moving along side Bitcoin. Just like Bitcoin, Bitcoin Cash is holding it's current level with decent support. This is starting to indicate that Bitcoin will be surpass the $345.00 level this coming week.
That is however always dependent upon the Bitcoin prediction playing out, if Bitcoin drops back down into the previous down trend again. Bitcoin Cash would be at the bottom of this channel with a possibility of going lower.
As of right now I don't think that scenario is going to play out, but it is really hard to take it off of the table.
YOOSHI
YOOSHI appears to be in an accumulation phase between .28 and .30 cents per million. I bought more YOOSHI at .28 cents per millions because, why not? YOOSHI has 2 launched games, NFTS, FARMS and more happening in the crypto world.
I find the aspects of YOOSHI make it worth being vested in. I am not a financial advisor though. If I were a financial advisor, I'd make smarter decisions, probably lol.
XRP
XRP is holding above .81 cents as of the time of writing this article. I still believe XRP could be entering another uptrend. I will continue to monitor XRP over the next week which is when we should a nice leg up like we have BCH and Bitcoin.
XRP has had a ton of positive news in the spot light. Which is starting to line up with the predicted pattern playing out above. One thing to keep in mind is, it won't play out exactly, their will be deviations.
RUNE
RUNE is on the move, up $5.30 from the beginning of March. Rune had an All Time High of just $17.34 back in November of 2021 before the bearish market took over. Ideally Rune could up between $34 to $80 dollars in the next bull cycle.
That is just provided that adoption of RUNE doesn't sky rocket. RUNE is yet another metaverse project with extreme potential. Rune is a part of a wider market that consist of awesome projects like Axie, Yooshi, Sand and so many others that I won't try to list right now.
Summary
How do you feel about NFT'S and Metaverse's?
I know the idea of NFT'S and the Metaverse can be extremely over whelming when you try to grasp just how large these two very different but yet very connected fields are. While at first glance you may be like, yeah right, they are not connected.
However they are. NFT'S would still stand to serve a purpose with out the Metaverse, but would the Metaverse serve a purpose with out NFT'S?
I don't know the exact answer, but my guess would be, No! The Metaverse can be an awesome place to hang out, make friends and meet people from all walks life from all over the World. This honestly reminds me the who Yo'Ville idea FaceBook had about 15 years ago.
That idea was ahead of it's time. Now we live in the digital age. Artwork isn't what it was like back in the ages of the "Mona Lisa". The World has came a long ways. Technology is furthering our capabilities and offering a lot of people a nice pretend life in the metaverse.
NFT'S serve a purpose beyond the metaverse and artwork as well. The gaming industry on the Blockchain will use NFT'S. Imagine being able to take your favorite game avatar to any game and play, carrying over all your XP and everything with you. You would also have the ability to sell you game progress to another gamer for crypto or USD.
The possibilities are endless when blockchain takes over technology. I remember when cellphones came about. You had to go through certain phone providers for certain phone numbers. This left a lot of individuals trapped/locked in to one certain carrier until governments passes laws to force Phone carriers to allow customers to take their phone numbers with them.
Two different kinds of technology, but the basis is the same. Eventually our favorite game avatars will be unrestricted from game to metaverse to gaming again. That is the partial crypto vision that I have.
I am not a financial advisor, I am more of a crypto fanatic. I love researching and learning crypto. I enjoy reading charts and passing a long knowledge along with learning something new every day.
God Bless You & Stay Healthy!
Bitcoin is becoming something else , I have a believe that bitcoin will continue going bullish. Hodl, investors are already on the rocket to the moon.