Connect with us
  • tg

Cryptocurrency

Metaverse for the investor: top 5 companies to invest in for the Metaverse

letizo News

Published

on

companies to invest in for the metaverse

Metaverse has become one of the most anticipated technologies of our generation. It has not yet gained as much popularity as, for example, NFT, but investors are already looking for opportunities to invest in companies that could later dominate the virtual worlds industry.

Metaverse investing is a promising direction. The sheer amount of computing power required for Metaverses and their reliance on virtual and augmented reality have paved the way for many existing companies to enter the web3-sphere. Next, companies to invest in for the Metaverse. 

Nvidia (NASDAQ: NVDA)

Nvidia graphics cards and chips are best suited to bring Metaverses to life, providing the computing power needed for people to interact with each other in a vast digital environment. Nvidia graphics cards are already running on the AIResearch SuperCluster (RSC) supercomputer from Meta, a company fully immersed in the Metaverses industry. 

Unity Software (NYSE: U)

Like Nvidia, Unity Software will be another key player in making Metaverses work. The company is developing an engine for creating cross-platform games. Such technology can unite users of computers, smartphones, game consoles, and virtual reality equipment.

Today, Unity is working on a lot of platforms, such as Insomniac Events, to create new virtual worlds. Unity will play a central role in developing the Metaverses landscape, because, as Microsoft CEO Satya Nadella says, Metaverses are essentially creating games.

Roblox (NYSE: RBLX)

Roblox incorporates many elements of virtual worlds. Also, Roblox’s market capitalization of $41.9 billion at the time of its listing on the NYSE in 2021 shows that the company is already an industry star in the eyes of Wall Street. Roblox has become a leading entertainment destination, hosting 3D concerts by celebrity artists such as Lil Nas X, David Guetta, and many others. Now, Roblox has hosted more than 24 million 3D games.

Snap (NYSE: SNAP)

Although 2022 was a tough time for Snap stock, 250 million of its users used the platform’s AR tools during Q1 2022. The social network’s iconic Snap Lenses tool will soon become a full-fledged addition for AR glasses, which could become the precursor to Metaverses-compatible glasses.

Microsoft (NASDAQ: MSFT)

The company has made no secret of the fact that it sees gaming as an integral part of developing the virtual worlds industry. In this acquisition, we see a clear attempt by Microsoft to become a leader in games based on Metaverses.

Microsoft is also actively working on using its HoloLens in mixed reality. Microsoft has a rich history of innovation, and it will try to become a leader in the Metaverse.

Earlier we reported that Ethereum blockchain upgrade is only 55% complete.

Cryptocurrency

TRUMP Soars 12% Daily, Bitcoin Price Consolidation Continues (Weekend Watch)

letizo News

Published

on

Bitcoin’s rather boring price actions continued in the past 24 hours, but the asset has notched some minor gains and stands above $85,000.

Solana has jumped the most from the larger-cap alts and now trades close to $140, while ETH continues to struggle with reclaiming $1,600.

BTC Above $85K

It was a relatively quiet week for the primary cryptocurrency, especially when compared to the previous one. Back then, the asset plunged by $12,000 to under $75,000 for the first time in five months, only to regain a big portion of that by Thursday and Friday.

The weekend was sluggish, but the bitcoin bulls had minor control. They drove the asset from under $83,000 to $85,000 by Sunday evening. Moreover, BTC jumped to $86,000 on Monday but was stopped there and dropped to $83,000.

Another leg up followed on Wednesday when BTC peaked at a multi-week high of $86,500. However, it faced another rejection there and lost over three grand. More volatility ensued after Jerome Powell’s latest public appearance, in which he warned against the potential impact of Trump’s trade war on the US economy. BTC fell by a few grand but recovered the losses in the following days and now sits above $85,000.

Its market cap has slipped to $1.690 trillion on CG, while its dominance over the alts stands tall at 61%.

BTCUSD. Source: TradingView
BTCUSD. Source: TradingView

TRUMP Rises

Most larger-cap alts have produced minor gains over the past day. Under or around 1% increases are evident from ETH, XRP, DOGE, BNB, and ADA. SOL has risen the most from this cohort of assets by 3.7% and now trades at $140.

The biggest gains on a daily scale come from Official Trump. The meme coin launched by the US President and his team is up by almost 12% and now trades above $8.5. TAO, IMX, FLR, and HYPE follow suit, with price increases of up to 8%.

The total crypto market cap has remained at essentially the same place as yesterday, at $2.780 trillion.

Cryptocurrency Market Overview. Source: Coin360
Cryptocurrency Market Overview. Source: Coin360
SPECIAL OFFER (Sponsored)
Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).

LIMITED OFFER for CryptoPotato readers at Bybit: Use this link to register and open a $500 FREE position on any coin!

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.

Continue Reading

Cryptocurrency

Peter Schiff: Bitcoin a ‘Fraud,’ Strategy Will Probably Go ‘Bankrupt’

letizo News

Published

on

The foreign equities and gold bug investor with over a billion dollars in assets under management took a big swipe at Bitcoin and Michael Saylor’s BTC-accumulating finance company, formerly named MicroStrategy.

He said Strategy will go bankrupt over Bitcoin. But if this is reverse psychology, it must be working on Saylor. His company still hasn’t stopped racing other firms for more BTC in whale-sized bites.

Peter Schiff Pulls No Punches on BTC in X Spaces Gag

To start off the program, Schiff said Bitcoin’s promoters sold it as a kind of digital gold, but it hasn’t performed like the precious metal at all, so the “marketing” was a “fraud.”

“The idea that it’s digital gold has been destroyed because it trades nothing like gold. It’s just some kind of risk asset.”

But, Bitcoin’s promoters did not say it would perform as an investment with ROIs like gold. They said it is similar in its economic properties to the metal because of its limited supply and the difficulty and cost of securing it.

While it is true that Bitcoin’s price lately has not traded like gold, that’s because over timescales very relevant to individual investors it has performed fantastically better than the yellow metal.

Bitcoin vs. Gold ROIs 2009-10 to Present

Some fraud that would be to explain to a judge:

Sorry, we told the litigant that the product was like an instrument that delivered 230% ROI in 16 years since 2009, and it only delivered 2.82 billion percent since 2010.

On the X podcast, Schiff asked:

“What purpose does Bitcoin serve? We got plenty of risk assets out there. It’s a super risk asset that’s going to go up faster than other risk assets. Based on what?”

He added, “At least a tech stock- there’s the story there of future earnings that could materialize, you’re buying a business that could earn money.”

Bitcoin provides a banking service, which is traditionally a very profitable, high-growth business because everyone needs it every day in a market economy.

Moreover, Bitcoin does so in a way that is simple and fundamentally useful. It is proven to work reliably, fairly, transparently, and easily for anyone to use.

Bitcoin’s price was up 36% over the trailing 12 months in mid-April.

SPECIAL OFFER (Sponsored)
Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).

LIMITED OFFER for CryptoPotato readers at Bybit: Use this link to register and open a $500 FREE position on any coin!

Continue Reading

Cryptocurrency

Is Bitcoin’s Bull Market Just Getting Started? This Crucial Metric Says So (Details)

letizo News

Published

on

TL;DR

  • Although bitcoin’s price tumbled by over 20% since its January all-time high and is currently nowhere near it, a crucial metric shows that the actual cycle peak is not here yet.
  • In terms of entry prices, though, one analyst cautioned that the current levels might not be optimal.

No Peak Yet?

After hitting an all-time high on January 20 this year at over $109,000, bitcoin’s price started to lose value gradually until the end of the month and then nosedived following the global economic uncertainty prompted by US President Trump’s controversial approach.

The culmination came last week when BTC tumbled below $75,000 for the first time in five months. This meant that the asset had lost nearly $35,000 in less than three months.

This split the community into those who believe the bull market has come to a screeching halt and those who rely on history to be more optimistic, suggesting that such substantial corrections have occurred during all previous cycles. But there are only that—corrections, and BTC will persevere.

Ali Martinez, a crypto analyst with over 135,000 followers on X, brought another key metric that could support the latter. It still relies on historical performance, but it’s not focused on the technical aspects. Instead, it measures the retail activity as BTC tends to peak after a massive influx of such investors.

So far, there hasn’t been a big retail wave. This is evident from the lack of Google searches as well as the missing “retail activity through trading frequency surge.”

Martinez noted that the current cycle resembles the 2021 run when BTC peaked in April, only to break that high at the end of the year.

Don’t Rush to Buy

Although history suggests there might be more gains on the horizon for BTC, Martinez published another chart that suggests investors should maybe be more patient before allocating funds to the largest digital asset.

This is because of the Bitcoin Exchange inflow volume, a metric used to “spot strong entry points.”

This essentially confirms a previous report by Glassnode, which read that the BTC market is now in a “wait-and-see” phase.

SPECIAL OFFER (Sponsored)
Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).

LIMITED OFFER for CryptoPotato readers at Bybit: Use this link to register and open a $500 FREE position on any coin!

Continue Reading

Trending

©2021-2024 Letizo All Rights Reserved