DDCT #150 - 11/21/2022 (No, the metaverse is not dead – it’s inevitable)
18m | Nov 21, 2022#Bitcoin #FTX #Metaverse
I'd like to welcome everyone to my new YOUTUBE CHANNEL
Dave's Daily Crypto Take
In this channel I will be providing you with news on a daily basis about cryptocurrency, bitcoin, blockchain, FIAT.
My main purpose is to share UNBIASED news and updates. Ultimately I learn and hopefully you learn while I go on this journey.
ARTICLES used in today's video:
https://ambcrypto.com/bitcoin-hits-this-low-but-whats-the-unrevealed-narrative-around-btc/
Bitcoin hits ‘this’ low, but what’s the unrevealed narrative around BTC
Bitcoin’s SOPR hit its lowest point more than two years after the last one
Short-term projections for the king coin showed bearish signs despite more long-term holders remaining in profit
Bitcoin [BTC], for the first time since March 2020, hit its lowest point per Spent Output Profit Ratio (SOPR) on 19 November. According to CryptoQuant analyst Maartunn, it was necessary to touch upon this while considering Bitcoin’s on-chain status.
He further revealed that BTC’s SOPR stood at 0.984 at press time. The metric hitting rock bottom implied that most HODLers sold BTC at a loss.
Disney Plans Big Cuts After its 50th Anniversary Celebration
Disney has a special place in many people’s hearts and the memories. If you breathe air and have been around in the last two centuries, you are bound to have fond memories of Disney. If it’s a Disney movie, a character you fell in love with, songs from the movies or memories from attending one of its many theme parks, there is a certain nostalgia that comes around whenever the word Disney is mentioned.
https://ambcrypto.com/cosmos-taking-a-short-position-on-atom-read-this-to-get-a-clear-picture/
Cosmos: Taking a short position on ATOM? Read this to get a clear picture
Osmosis outperforms other DEXes in terms of development activity
Despite this, Cosmos’ TVL continues to decline, along with its trading volume
Osmosis, a DeFi project on the Cosmos blockchain, could be imperative for the latter’s growth in the DeFi space. This was because Osmosis managed to take a lead among DeFi protocols, such as MakerDAO and Lido in terms of development activity over the last few days.
https://venturebeat.com/virtual/no-the-metaverse-is-not-dead-its-inevitable/
No, the metaverse is not dead – it’s inevitable
Over the last few weeks, many people have asked me the same question: Is the metaverse dead? This pessimism is not surprising, considering that Meta stock has lost over half its value since formally announcing its strategic pivot to the metaverse. Adding insult to injury, last week Meta announced major layoffs across the company, increasing fear throughout the industry.
Trying my best to be objective, I see the current struggles at Meta as a reflection of its legacy business rather than an indication that its metaverse strategy is failing. I believe it will take another year or two before we can really predict whether Meta will be successful in this space, or if other large players will emerge as the true leaders of the metaverse.
https://alternative.me/crypto/fear-and-greed-index/
Please subscribe, like, and share so that more and more people can view this content.
DISCLAIMER: I will never give any financial advice. And my channel is not considered official Financial Advice. Please do your research before purchasing any cryptocurrency.
Thank you very much
Dave
Support this podcast at — https://redcircle.com/daves-daily-crypto-take/donations
