Billion-dollar companies are taking the Metaverse by storm as consumers have shown heightened interest in virtual, interactive, three-dimensional experiences that take place online. While the “Metaverse” is still a new concept, research firm Strategy Analytics found that the global Metaverse market is forecasted to hit nearly $42 billion by 2026. This very well may be the case, … [Read more...] about Blockchain metaverse ecosystems gain traction as brands create digital experiences
Gain
Crypto Traders Laying Low While Fed Ponders; Bitcoin, Ether Gain
“I think there are a lot of opportunities in the market from other alternative currencies,” Wald said, pointing out ether’s weaker correlation to the traditional markets compared with bitcoin. “Ether is down 12% in the last week alone, which is very daunting, but at the same time there are a lot of reasons to expect that ether could potentially stage a recovery much sooner than … [Read more...] about Crypto Traders Laying Low While Fed Ponders; Bitcoin, Ether Gain
Morgan Stanley Sees Facebook as Best Stock to Gain Exposure to the Metaverse
The metaverse will likely be a “next generation social media, streaming and gaming platform” and will operate initially as an advertising and e-commerce forum, according to a research note by Morgan Stanley published last week.The “addressable US consumer expenditure to monetize is large … at $8trln,” and the bank sees “~$5trln of consumer expenditure that could be digitized … [Read more...] about Morgan Stanley Sees Facebook as Best Stock to Gain Exposure to the Metaverse
Bitcoin Breakout May Have Further to Run, Altcoins Also to Gain, FSInsight Says
Bitcoin’s breakout above $63,300 on Monday to an all-time high is “constructive technically” and we should see prices rise to $72,000 initially and then $77,600, according to FSInsight, a markets strategy and research firm.FSInsight notes that bitcoin momentum isn’t overbought yet on daily or weekly timeframes.Read more: Bitcoin Soars Past $68K for the First Time as Ether Also … [Read more...] about Bitcoin Breakout May Have Further to Run, Altcoins Also to Gain, FSInsight Says
Bitcoin Eyes Fed Meeting After Biggest Monthly Price Gain Since December 2020
“Bitcoin bullish sentiment remains at fever-pitch, highlighted by NFT. NYC [the annual non-fungible token event] whipping the financial capital into a frenzy,” Jehan Chu, managing partner at Hong Kong-based Kenetic Capital, told CoinDesk in a WhatsApp chat. “[However], if public markets falter on the back of Fed bond purchase tapering, BTC could be dragged into a small … [Read more...] about Bitcoin Eyes Fed Meeting After Biggest Monthly Price Gain Since December 2020