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Metaverse meaning: where the digital worlds of the future lead

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Metaverse is all there is to talk about on the Internet. There are no full-fledged ones yet, but there are many serious independent megaprojects. They have thousands of people, a lot of money, and very interesting opportunities, even based on the number of updated ratings of the best metaverse crypto.

A full-fledged Metaverse still does not exist. Its creation is an extremely difficult task, even for a very rich company. There is too much to cover: from immersive tools (currently VR and AR) to the development and management of all the internal aspects.

M – Metaverse: what the virtual worlds of the future will look like

This may well be what Meta Platforms CEO and Facebook metaverse creator Mark Zuckerberg wants to bet on. His business does not create processors or computers, and does not sell products, but it unites a huge number of people and knows a lot, if not everything, about them. And Zuckerberg’s holding company also owns the Oculus brand, which has almost a third of the global market for VR headsets.

Horizon Worlds metaverse

At the moment, these are sets of rooms, each for a maximum of 20 participants. In them, you can communicate, create objects together, and define their mechanics by setting basic code as a basis.

The Sandbox metaverse

In The Sandbox metaverse, players have access to a world with three types of entities: SAND cryptocurrency, assets, created objects, and LAND, on which objects can be placed.

Decentraland metaverse

To understand the scale of “digital values” it is enough to remember that at the end of 2021, someone gave the equivalent of $650 thousand in cryptocurrency for a virtual yacht, and the most expensive sold piece of “land” is estimated at $4.3 million. The Decentraland project works in a similar way, but there is already a different currency, and more opportunities: in addition to owning virtual land, you can participate in various events.

Of course, none of the projects is similar to the full Metaverse, although it correspond to its basic principles. However, they are an illustrative example of how the decentralized meta-economy works and why metaverse stock is worth buying now.

Xi Rang metaverse

The Chinese Internet giant Baidu is already developing its own Metaverse. It is assumed that in Xi Rang (translated as “Land of hope”) in one space there can be up to 100 thousand people simultaneously. Initially, such possibilities of this world as games, entertainment, training, advertising and exhibitions are already declared. According to developers’ ideas, there will be no blockchain and no economy inside.

New experiences and new risks

Metaverse is not only about new opportunities and the next step in developing the Internet, but also about new dangers. An unnamed girl, who took part in beta testing of Horizon Worlds, wrote in a private group for the project that she faced virtual harassment. After that, the developers had to hurriedly introduce a feature banning the proximity of avatars of users with each other.

By mid-2022, it became clear that the described case is far from an isolated incident and that the problem is very acute: even in a digital place, there is room for violence. And the more real the environment looks, the harder it is for the psyche. When the Metaverse prototypes become more mainstream, we will probably still hear about many similar stories related to hostile and aggressive language.

Metaverse and gaming: how and why they will change the internet and life

Another potential problem is that the Metaverse may be so good that many people won’t want to get out of it. The problem of fraud will not go away if Metaverse will be paying in currencies that can somehow be converted into real money. Problems with the security of personal data will come to a new level. The issue of protecting children from harmful information remains open.

But where all this will lead us is still unknown. But it is clear that humanity is already on its way to the Metaverse and is unlikely to turn away from it soon. Metaversed estimates that in March 2022 the number of users of all existing meta-projects in the world passed the 400 million mark.

Cryptocurrency

BONK Explodes by 20% Daily as Bitcoin (BTC) Remains Solid at $108K: Weekend Watch

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Bitcoin’s stagnation continues as the asset has made little to no attempt to move away from the $108,000 level.

While most larger-cap alts have produced insignificant gains, TON and BONK have emerged as the biggest gainers on a relatively calm Sunday morning.

BTC Calm at $108K

It has been a quiet period for the primary cryptocurrency. In fact, the latest major price moves came about two weeks ago – on June 23 and 24 – when it dumped to $98,000 before it soared past $105,000 a day later as the Middle East war was going rampantly.

Ever since then, though, the asset has been stuck in a tight trading range between $105,000 and $110,000. It tested the lower boundary on Wednesday, where the bulls stepped up and pushed it south toward the upper one.

On Thursday, BTC showed signs of a breakout attempt when it spiked to a multi-week peak of $110,500, but the bears stepped up at this point and didn’t allow a surge to a new all-time high.

The landscape has been somewhat unchanged since then, as bitcoin quickly returned to $108,000 and has not moved from that level for a few days. Its market capitalization stands strong at $2.150 trillion, while its dominance over the alts is at over 63% on CG.

BTCUSD. Source: TradingView
BTCUSD. Source: TradingView

BONK on the Run

As the graph below will demonstrate, most larger-cap alts are slightly in the green on a daily scale. Such minor increases are evident from the likes of ETH, BNB, SOL, TRX, DOGE, ADA, BCH, LINK, and XRP. In contrast, HYPE and PI have lost some traction over the past 24 hours.

The biggest gainers are TON and BONK. The former has risen by over 9% and sits at $3, while the meme coin has exploded by 20% and now trades at $0.000022.

The cumulative market cap of all crypto assets has remained relatively stable at $3.4 trillion on CG.

Cryptocurrency Market Overview. Source: QuantifyCrypto
Cryptocurrency Market Overview. Source: QuantifyCrypto
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Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.

Cryptocurrency charts by TradingView.

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Cryptocurrency

We Asked 4 AIs How High Ripple (XRP) Will Go in 2025: The Answers Might Shock You

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TL;DR

  • Ripple’s price actions are a big prediction topic within the cryptocurrency community, with analysts and believers rushing to offer their insights and forecasts.
  • However, we decided to take a different approach this time and asked four of the biggest AI chatbots (ChatGPT, Perplexity, Grok, and Gemini) about their take on the matter.

2025 Price Targets

All four AI solutions seemed very coherent about XRP’s price potential this year, as Perplexity explained it:

“Ripple’s (XRP) price in 2025 is broadly expected to rise significantly from current levels, with expert forecasts varying but generally bullish.”

Although Ripple’s cross-border token has stalled in the past few months and is actually slightly in the red since the start of the year, all AIs had similar conclusions about its price moves until the end of the year.

ChatGPT laid out three potential scenarios, with the conservative one being at $3.4, which would match the asset’s all-time (and yearly) high. The optimistic is set at $5-$6, and the “aggressive forecasts” put the token at $10-$15 by the end of the year.

Google’s Gemini had similar ideas in mind, saying that “a realistic high could be in the $5-$10 range.” Perplexity also joined the $5-$10 club, which could be reached under “favorable conditions” (more on that later).

Grok was slightly more specific and was the only one that said XRP can finish the year lower than its current price tag. It noted that a “realistic price range” for the asset this year is somewhere between $1.8 and $5.81. Although that’s a pretty wide range, it concluded that the most likely peak will come somewhere between $3 and $4.5.

The Favorable Conditions

When it came down to outlining the factors that could impact XRP’s price moves this year, the AIs were once again aligned in their answers. First, they mentioned regulatory clarity and the official conclusion of the lawsuit against the SEC.

Although Ripple CEO Brad Garlinghouse stated in March that the case had been resolved and there had been several developments on the matter, the judge overseeing the case has yet to agree fully.

Second, the AIs brought up institutional adoption and bullish partnerships, such as those with Santander, SBI Holdings, and others. A spot XRP ETF will also play a significant role in the asset’s price trajectory this year, if approved, said the chatbots. According to ETF experts, the current odds stand at nearly 100%.

Lastly, the AI solutions highlighted the overall crypto market trends:

“Bitcoin’s post-halving performance and a pro-crypto U.S. administration under President Trump could fuel bullish sentiment across the crypto market, benefiting XRP,” – answered Grok, which was similar to what the others had to say.

Despite these bullish predictions for 2025, all four chatbots clarified that these are just that – speculative forecasts that might or might not come to fruition. Investors should do their own research before allocating funds to any cryptocurrency (or other asset, for that matter).

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Ethereum Price to Hit $6K This Year? Analysts Make Bold Call

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If pseudonymous analyst Weslad is to be believed, Ethereum (ETH) is caught in a tug-of-war between wildly differing futures: a historic surge past $6,000 or a soul-sapping plunge to $1,800.

The market technician claims that ETH is completing a massive ABCDE wave structure within a years-long “symmetrical pennant,” which can only mean one thing: explosion.

The Roaring Bull Case

In a recent breakdown, Weslad explained that Ethereum’s price action since its $4,851 all-time high has formed a giant consolidation pattern. According to him, this structure is now approaching a critical inflection point known as wave D, testing its upper boundary.

At the same time, a bullish Inverse Head and Shoulders (IH&S) pattern is emerging on the daily chart, with its neckline acting as stubborn resistance near $2,855.

This technical confluence suggests a coiled spring ready to unleash tremendous energy into the market, leading the analyst to state unequivocally:

“A confirmed breakout above the neckline [$2,855] would likely validate both the IH&S and the breakout from wave D, setting the stage for a potential expansion move toward the $6,000 target and beyond.”

Weslad’s audacious target found an ally in fellow strategist Jeremy Fielder, who declared in a video posted on X:

“We’re looking at $6,500 Ethereum by the end of the year and then a possible 10,000 Ethereum in early next year… Regulation is now pro-crypto. That’s all you need to know.”

He based his argument on the accelerating adoption of Web3 and a favorable regulatory shift, dismissing granular metrics in favor of a sweeping bullish tide.

While not as lofty a milestone as Weslad’s and Fielder’s, market watcher Titan of Crypto’s $4,100 target is not far off the ballpark. His thesis is hinged on Ethereum’s successful recovery back inside its crucial weekly trading range, noting that momentum is building towards the range high.

Looming Bear Trap

But don’t celebrate just yet. Weslad’s otherwise bullish analysis also comes with a stark warning for the downside scenario. He suggested that if ETH faces rejection at the critical $2,855 neckline resistance or the upper boundary of the pennant, a retracement into wave E becomes highly probable.

According to him, this trajectory would drag the price down towards a “high-confluence demand zone” spanning $1,400 to $1,800. That’s a potential 40% collapse from current levels.

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