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Metaverse has overtaken the NFT hype this bull season as more mainstream projects aims to enter the virtual reality world in near future. A Grayscale research report has estimated that the number of Metaverse users have risen by 10X in one and a half year.
The report also predicted that if the Metaverse universe continues to flourish at the current rate, it could very well become a trillion-dollar industry by next year. The following chart shows the growing number of Metaverse wallets that has peaked to new highs in the last quarter of 2021.

The report takes note of how Metaverse has already become a hit in the entertainment and real estate industry despite it being in the early stage. Metaverse would be the key to Web 3.0 quite similar to what Facebook did for Web 2.0. The report read,
The Web 2.0 mobile internet changed how, where, when, and why we used the internet. In turn, this changed the products, services, and companies we used, which changed our business models, culture, and politics – the Web 3.0 Metaverse has the potential to do the same.
The Web 3.0 based economy is already a trillion-dollar industry in making, which is certainly one of the key reasons for organizations like Facebook to do a complete branding overhaul.
The following graph shows the difference between today’s online games and what metaverse with an open world system could bring to the table.

Metaverse Tokens on The Rise
At a time when most of the crypto market is experiencing a bearish trap right after a mammoth October, Several Metaverse tokens have surged to new all-time highs and look immune to the ongoing bearish trends. Decentraland (MANA) is one of the most popular metaverse tokens which have got attraction from many celebrities and also saw the recent sale of a virtual property worth $2.45 million which is higher than some of the luxury apartments in New York.
The native token MANA has surged nearly 9X over the past month even when most of the other crypto tokens are down by 20%.
Source: TradingView
The post Breaking: Grayscale Predicts Metaverse Could Become a Trillion Dollar Industry appeared first on Coingape.


Metaverse has overtaken the NFT hype this bull season as more mainstream projects aims to enter the virtual reality world in near future. A Grayscale research report has estimated that the number of Metaverse users have risen by 10X in one and a half year. The report also predicted that if the Me...

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Breaking: Grayscale Predicts Metaverse Could Become a Trillion Dollar Industry

The FTM coin offers an amazing pullback opportunity as the price retraces from the 61.8% Fibonacci level in the daily chart. Moreover, the bullish reversal occurs with the rising three method formation near the $2 mark. Hence, the breakout of the $2.65 mark or the 38.2% Fibonacci level should support a rally to the All-Time High of $.3.48
Key technical points:

The FTM coin rose more than 25% in the last two days.
The price action forms a follow-through candle of the rising three method formation.
The intraday trading volume in the FTM coin is $1.28 Billion, indicating a 5% gain.


Source- FTM/USD chart by Tradingview
The FTM coin shows bullish reversal as it finds support near the 61.80% Fibonacci level resulting in the growth of more than 30% from the $2 mark. Moreover, the rising three method formation helps increase the underlying bullish sentiments. 
However, a successful bullish rally above the $3 mark awaits the breakout of the $2.65 mark. After that, traders can find excellent buying entry spot if the price sustains above this level.
The recent bullish reversal breaks above the 20-day EMA after finding demand near the 50-day EMA. Moreover, the crucial exponential moving averages (50,100,200) maintain a bullish alignment. Furthermore, The Relative Strength Index (51) rises gradually in the daily chart as it spikes above the central mark.
FTM/USD Chart In The 4-hour Time Frame

Source- FTM/USD chart by Tradingview
In the 4-Hour chart, the FTM price action denotes a resistance level at the $2.5 mark. Hence, traders must stay careful and keep an eye out for a reversal near the horizontal level.
The traditional pivot shows great confluence with the important levels of this chart. As per these pivot levels, the crypto traders can expect the next resistance after $2.5, at $3. mark, followed by $3.48. As for the flip side, the support levels are $2.15 and $1.65.
 
The post Fantom COin Price Analysis: FTM Prices Are Ready To Rally Above The $3 If It Breaks The $2.65 Barrier appeared first on Coingape.


The FTM coin offers an amazing pullback opportunity as the price retraces from the 61.8% Fibonacci level in the daily chart. Moreover, the bullish reversal occurs with the rising three method formation near the $2 mark. Hence, the breakout of the $2.65 mark or the 38.2% Fibonacci level should sup...

Fantom COin Price Analysis: FTM Prices Are Ready To Rally Above The $3 If It Breaks The $2.65 Barrier

The ETH/ BTC chart shows the coin price has been trapped in a consolation period for more than six month now. However, looking at the bigger picture, the coin displays a strong bullish pattern in play, which could bring significant bullish momentum to this coin. Watch for these important levels for ETH.
Key technical points:

The ETH coin price action forms a Cup and Handle pattern 
The ETH coin forms an inverted head and shoulder pattern in the 4-hour time frame chart. 
The intraday trading volume in the ETH coin is $16.3 Billion, indicating a 32.5% loss.


Source- ETH/BTC chart by Tradingview
The ETH technical chart presents a Cup and Handle pattern in the daily time frame chart. The pattern has its neckline(resistance zone) at 0.086 BTC-0.0825 BTC. However, the coin price is still busy forming the handle portion of this pattern.
Once the ETH price gives a decisive breakout from the overhead resistance, the crypto traders could grab an excellent long opportunity in this coin. As with the completion of this pattern, the ETH price could surge to 0.123 BTC.
The crucial EMAs(20, 50, 100, and 200) show the bullish alignment for the ETH coin. The Relative Strength Index value at 58 indicates the coin maintains a positive sentiment among the market participants. However, the RSI chart bearish divergence in its chart suggests to keep your guard up.
ETH/BTC Chart In The 4-hour Time Frame

Source- ETH/BTC chart by Tradingview
The remarkable rally of ETH coin faced strong resistance from the 0.83 BTC level on March 15th, and since then, the price has kept resonating in a short-range, stretching from 0.55 BTC to 0.825 BTC.
Moreover, the chart reveals another bullish pattern in this lower time frame, i.e., an inverted head and shoulder pattern. This bullish pattern can provide enough boost to the coin price and help it rechallenge the crucial resistance of 0.825 BTC for a bullish breakout.
 
The post Ethereum Price Analysis: This Bullish Pattern Hints The ETH/BTC Price Will Grow 65% In The Near Future; Check Out Our Price Analysis appeared first on Coingape.


The ETH/ BTC chart shows the coin price has been trapped in a consolation period for more than six month now. However, looking at the bigger picture, the coin displays a strong bullish pattern in play, which could bring significant bullish momentum to this coin. Watch for these important levels f...

Ethereum Price Analysis: This Bullish Pattern Hints The ETH/BTC Price Will Grow 65% In The Near Future; Check Out Our Price Analysis

The ENJ token retraced up to 20% after facing resistance near the 3.5 mark resulting in a falling channel formation. However, the chances of the falling channel giving a bullish breakout increase as the technical indicators take the bullish side. Hence, buying at current prices has its risk; that is why the channel’s breakout can be an excellent buying time. 
Key technical points:

The ENJ token price action forms a falling channel in the 4-hour chart. 
The MACD indicator gives a bullish crossover in the 4-hour chart.
The intraday trading volume in the ENJ token is $505 Million, indicating a 10% hike.


Source- ENJ/USD chart by Tradingview
The ENJ token shows retracement after facing the sudden increase in supply near the $0.35 mark. However, before the downfall, the support trendline in action makes a solid flag pattern in the 4-hour chart.
The Relative Strength Index value at 54 indicates a retracement to the 50% mark in the daily chart. Moreover, the RSI line also displays a hidden bullish divergence in the daily chart that increases the chances of a bullish breakout.
The MACD indicator also forecasts a bullish breakout of the parallel channel as the fast and slow lines give a bullish crossover in the 4-hour chart. 
ENJ/USD Chart In The 4-hour Time Frame

Source- ENJ/USD chart by Tradingview
The ENJ token price recently fell after the double top pattern in the 4-hour chart. However, the support zone near the $2.75 mark helps halt the falling prices more than once. However, traders can observe the falling prices taking support near the $2.40 and $1.98. However, the breakout of the previously mentioned falling channel can find resistance near the $3.5 mark.
The ENJ token price action shows an upside retracement after finding demand near the $2.75 mark. Hence, we can shortly see the prices reach the $3.25 mark. 
 
The post Enjin Price Analysis: Is It The Right Time To Buy The Discounted ENJ Coin Prices? appeared first on Coingape.


The ENJ token retraced up to 20% after facing resistance near the 3.5 mark resulting in a falling channel formation. However, the chances of the falling channel giving a bullish breakout increase as the technical indicators take the bullish side. Hence, buying at current prices has its risk; that...

Enjin Price Analysis: Is It The Right Time To Buy The Discounted ENJ Coin Prices?

At least three Federal Reserve governors have said that they do not see a reason for the Fed to issue a central bank digital currency (CBDC). The Fed is currently putting together a report on a digital dollar to be released in the near future.
Fed Governors Doubt Need for Digital Dollar
Federal Reserve Governor Michelle Bowman said last week that she does not see much of a reason for the Fed to issue a U.S. central bank digital currency given the safety and efficiency of the U.S. payment system. She said:
I’m not really sure that I understand or see the business case for creating it.
The Fed is currently putting together a report discussing the pros and cons of issuing a digital dollar. The report is expected to be released soon.
Another Federal Reserve governor who is skeptical about the Fed issuing a digital dollar is Randal Quarles. He said on Oct. 20 at a Milken Institute conference that he does not understand the arguments in favor of issuing a central bank digital currency. Quarles, who is set to resign in December, opined:
Until somebody answers me the question why, I don’t understand why we would devote the enormous amount of resources and the technological risk and the significant disruption to the current operation of the financial system that would come from the central bank saying we are going to provide this digital currency.

Federal Reserve Governor Christopher Waller also doubts whether the Fed should issue a digital dollar. He explained in October during a discussion hosted by the Official Monetary and Financial Institutions Forum (OMFIF) that a digital dollar would put the Fed in direct competition with commercial banks.
“With a central bank digital currency, you’re asking a very direct question. Should the central bank be more involved in processing payments for households and firms in a way that allows them to circumvent the banking system? That is what a CBDC account is doing,” Waller said. “So, should you compete with the banking system or not?” In August, the Fed governor noted:
I remain skeptical that a Federal Reserve CBDC would solve any major problem confronting the U.S. payment system.
Do you think the Fed should issue a central bank digital currency (CBDC)? Let us know in the comments section below.



























At least three Federal Reserve governors have said that they do not see a reason for the Fed to issue a central bank digital currency (CBDC). The Fed is currently putting together a report on a digital dollar to be released in the near future. Fed Governors Doubt Need for Digital Dollar Federal R...

Near price	$8.45
Low - High 24H	$8.14 - $8.61
Market cap	$4.79B
Volume 24H	$98.89M
All time high	$13.20 -35.79% October 26th 2021
All time low	$0.526762 1508.65% November 4th 2020
Genesis date	N/A

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