Just few days ago we were at $800 Billion market cap, few weeks ago we were at over $1 Trillion market cap, but changes due to volatility can come at you really fast, faster than you can imagine it. So here we are at $1 Trillion market cap once again. It’s like leaving your neighborhood and coming back, everything seems pretty normal, but you don’t know for how long are you going to stay. Everyone wants progress, except the market shorters or bears who always derive joy and literal profits from shorting the market.
At the time I was writing this, the market cap was at $1,002,728,127,484 so it’s still not far from going below $1 Trillion. I was thinking that the market cap getting to this price must have been a result of bitcoin reaching $22k but at the time of writing, bitcoin was at $21,390. The market is acting a little impressive this weekend, last week and last 2 weeks was bloody, I mean the color. Because everywhere I turned to showed red.
One thing about the market volatility is that, when it’s time to go bazooka, it goes bazooka, you can either ride the wave make some profit, or just hold and watch. Riding the wave and making profit involves following the market trend, if it’s going bullish, you go bullish, if it’s going bearish, you go bearish. But this is for the future traders, I don’t know how to do that with spot trading.
The Relevant Trend
While the market is recovering gradually, I have noticed that the GameFi projects are kind of increasing. These GameFi Projects include, move to earns and play to earns. These are added utilities that have been implemented in crypto that makes it hard for one to conclude that crypto is dead or going to die.
The Web 2.0 game industry is over $100 Billion and its been surviving and relevant ever since. Being Web 2.0
users don’t have control over their content but Web 3.0 play to earn has come to change that, giving players control and giving them the opportunity to earn. So now regular players can play games and earn. The total play to earn market cap is less than $8 billion at the current market dip, you see the difference with over $100 Billion , this shows just how much we are still early in the crypto space and a lot is expected to get achieved.
Now we are into the move to earn industry, the regular move to earn fitness thing is much different from the non-crypto move to earn. We are used to seeing athletes get paid to do what they love to do which is exercise, now you get the same opportunity with crypto. Just another way of crypto providing finical freedom to regular people.
Posted Using LeoFinance Beta