Crypto Rubika Market Analysis Report Compilation — Low Volatility
The wind may be still, but the birds are flying in their direction
- Some important news and stats to follow
- Total Market Cap & Dominance
- Bitcoin Technical Analysis — Something curious
Some important news and stats to follow
📈 (a) The blockchain industry will be trillionaire until 2030
According to the report made by gartner.com and related in ethereumworldnews.com, Business Value-Add of Blockchain will Exceed $3.1 Trillion until 2030 and it will grow to slightly more than $176 billion by 2025.
In another hand, 39 percent of $500 million or more in annual revenue businesses had budgets of over $5 million set for blockchain projects
📈(b) Blockchain Solutions Leading to $15.9 Billion Market Around 2023
Worldwide Semiannual Blockchain Spending Guide from International Data Corporation (IDC) new update report shows that worldwide spending on blockchain solutions is forecast to be nearly $15.9 billion until 2023.
📈 (c) VeChain Moves Into China’s $3.9 Billion Wine Imports Industry
According to the announcement and reported by dailyhodl.com, Penfolds Bin-407 bottles are now available at three locations, tagged and powered by VeChainThor, which connects blockchain technology with real-world infrastructure such as IoT.
👉🏻In line with the above, (a), (b), (c) show us the massive adoption of blockchain technology for the coming years and most importantly its performance in the most relevant industries.
Total Market Cap
The report made by coinmarketcap.com shows that over the weekend, total market capitalization dropped from ~$305 billion to ~$296.3 billion. 24-hour volume was ~$50 billion. Bitcoin Dominance 68.60%.
Bitcoin Technical Analysis — Something curious
The reports made by sk3w.co show us a low volatility in the last days in the futures operations market.
Looking to this, they said us that the most investors are waiting for the new institutions positions as explained in the previous history. But also and by a intuition way, the SEC decision about two important ETFs in the next week.
About the cherry cake
Bitcoin is currently trading at ~$11,480, down ~3.4% over the weekend, and it is still in a correction wave; fact that some indicators confirm.
Looking at the daily and weekly chart we can realize that the price is looking for the EMA21 in that wave correction.
Analyzing the purchase and sale volumes we can notice the low volatility mentioned in the previous paragraphs.
And having a clear vision, it is still necessary to break the low trend line positioned in the last tops and leave that region bounded by the symmetrical triangle. In general, critical price points are forming. Who knows in the coming weeks or even days we have some surprises.
- Until 2030 it is estimated that the blockchain industry goes from being a bionary to trillion dollars in a single sea of lava.
- Adoption is inevitable. Many industries are already seeing the great potential that blockchain technology represents to optimize processes and generate a better audit.
- In general, the market has a low volatility of negotiations.
- Bitcoin, the red dragon, only shows signs of a small correction and most investors are waiting for the next decisions by the kings of the game.
Disclaimer: In no way does this article recommend the purchase of any assets, this is a personal opinion of the author. Investment in crypto-currency is extremely risky and volatile. Also, if you are an investor, always do your own research before investing in anything!
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