Bitcoin Adjusted For Inflation Brings Bull Market ROI To Zero

All throughout 2020 the narrative driving <a href="https://bitcoinist.com/bitcoin-could-plunge-below-16000/">Bitcoin price</a> appreciation was that it would be the best hedge against inflation. Two years later, inflation running hot has destroyed financial markets, and it brought the ROI of BTC when adjusted for inflation to a mere zero percent.
<h2>Bitcoin ROI Adjusted For Inflation Hits Zero</h2>
The 2020 bull market in Bitcoin and other cryptocurrencies really began to take off when billionaire trader and philanthropist Paul Tudor Jones likened Bitcoin to gold in the 1970s – the last time inflation pushed well past the 2% Fed target level.

Jones claimed that BTC, due to its scarce 21 million coin supply, would be the &#8220;fastest horse in the race against inflation.&#8221; More than two years following the quote, Bitcoin is trading at a level that when adjusted for inflation, makes the ROI 0% since the beginning of the 2018 bear market.
<img loading="lazy" class="aligncenter wp-image-206833 size-large" src="https://bitcoinist.com/wp-content/uploads/2022/11/2022-11-29-14.52.16-980x418.jpg" alt="real bitcoin price" width="980" height="418" srcset="https://bitcoinist.com/wp-content/uploads/2022/11/2022-11-29-14.52.16-980x418.jpg 980w, https://bitcoinist.com/wp-content/uploads/2022/11/2022-11-29-14.52.16-640x273.jpg 640w, https://bitcoinist.com/wp-content/uploads/2022/11/2022-11-29-14.52.16-768x328.jpg 768w, https://bitcoinist.com/wp-content/uploads/2022/11/2022-11-29-14.52.16-750x320.jpg 750w, https://bitcoinist.com/wp-content/uploads/2022/11/2022-11-29-14.52.16-1140x486.jpg 1140w, https://bitcoinist.com/wp-content/uploads/2022/11/2022-11-29-14.52.16.jpg 1280w" sizes="(max-width: 980px) 100vw, 980px" />
Real Bitcoin price adjusted for US CPI since January 2018 | Source: <a href="https://twitter.com/nsquaredmacro/status/1597631917557325824" target="_blank" rel="noopener nofollow">Timothy Peterson, CFA, CAIA</a>
In a new chart shared by Chartered Financial Analyst and Chartered Alternative Investment Analyst <a href="https://twitter.com/nsquaredmacro/status/1597631917557325824" target="_blank" rel="noopener nofollow">Timothy Peterson</a> of Cane Island Alternative Advisors, the price per BTC when adjusted for United States CPI data, results in no returns whatsoever after holding the top cryptocurrency for more than four years – going on five.
As for why Bitcoin has failed so miserably as an inflation hedge, it remains a high-beta asset and was the first to be dumped when risk returned to macro and the money supply decreased. Gold, the standard in inflation hedges has also failed to perform during the strongest inflation in more than 40 years.
<h2>When Will The Crypto Market Bottom?</h2>
Peterson also has a <a href="https://twitter.com/nsquaredmacro/status/1597352987223265280" target="_blank" rel="noopener nofollow">custom model</a> for picking Bitcoin bottoms, which points to a floor at roughly $12,000. But the crypto market will need to stay in that range for roughly 200 days before the 200-day moving average triggers a buy signal when it crosses through mining difficulty value.
The hash ribbons, another technical and on-chain hybrid indicator that also rely on Bitcoin difficulty for its data, for the first time ever failed to produce any meaningful upside between its last buy signal and the most recent capitulation phase.
<img loading="lazy" class="wp-image-206834 size-large aligncenter" src="https://bitcoinist.com/wp-content/uploads/2022/11/BTCUSD_2022-11-29_14-54-11-980x605.png" alt="BTCUSD_2022-11-29_14-54-11" width="980" height="605" srcset="https://bitcoinist.com/wp-content/uploads/2022/11/BTCUSD_2022-11-29_14-54-11-980x605.png 980w, https://bitcoinist.com/wp-content/uploads/2022/11/BTCUSD_2022-11-29_14-54-11-640x395.png 640w, https://bitcoinist.com/wp-content/uploads/2022/11/BTCUSD_2022-11-29_14-54-11-768x474.png 768w, https://bitcoinist.com/wp-content/uploads/2022/11/BTCUSD_2022-11-29_14-54-11-1536x949.png 1536w, https://bitcoinist.com/wp-content/uploads/2022/11/BTCUSD_2022-11-29_14-54-11-2048x1265.png 2048w, https://bitcoinist.com/wp-content/uploads/2022/11/BTCUSD_2022-11-29_14-54-11-750x463.png 750w, https://bitcoinist.com/wp-content/uploads/2022/11/BTCUSD_2022-11-29_14-54-11-1140x704.png 1140w" sizes="(max-width: 980px) 100vw, 980px" />
The previous hash ribbon buy signal failed to produce ROI | Source: <a href="https://www.tradingview.com/symbols/BTCUSD/" target="_blank" rel="noopener nofollow">BTCUSD on TradingView.com</a>
Prior to this anomaly, the hash ribbons were considered the cryptocurrency&#8217;s most profitable buy signal ever. Bitcoin hash rate continues to dive as miners capitulate and sell coins at a loss. While the event is largely negative for near-term price action, ultimately it could purge the network of weak miners and make way for the next bull market.
Follow <a href="https://twitter.com/tonyspilotroBTC" rel="nofollow noopener" target="_blank">@TonySpilotroBTC on Twitter</a> or join <a href="https://t.me/TonyTradesBTC" rel="nofollow" target="_blank">the TonyTradesBTC Telegram</a> for exclusive daily market insights and technical analysis education. Please note: Content is educational and should not be considered investment advice.
Featured image from iStockPhoto, Charts from TradingView.com

The World’s Largest NFT Marketplace Opensea Adds BNB Blockchain Support

Should you buy Polkadot’s DOT at $5?

<ul>
<li dir="ltr">
The Polkadot token has defended $5 for weeks
</li>
<li dir="ltr">
The ecosystem has witnessed an increase in activity
</li>
<li dir="ltr">
The token could remain vulnerable as longer-term momentum is still bearish
</li>
</ul>
Polkadot (DOT/USD) trading at $5 would have been a false dream in November 2021 as it touched $55 ATH. But that is now the reality of the token of once a booming protocol labelled a Layer 0 blockchain. In case you are wondering, why Layer 0?
Polkadot was designed to operate at a deeper level compared to Layer 1 protocols like Solana and Ethereum. The brainchild of Gavin Wood, the Ethereum co-founder, provides the foundation for building other crypto projects. Polkadot was thought of as a new system that could allow different blockchains to interact. Polkadot also maintains the security of each separate blockchain built on it, called parachains. To sum it up, a Layer 0 blockchain acts like a foundational system of Layer 1 protocols.
The promise of cross-chain interoperability boosted Polkadot&rsquo;s native token. It has not been the case this year, as lower crypto activity has pushed its native token back to a single-digit price. Nonetheless, as CoinJournal&nbsp;<a href="https://coinjournal.net/news/is-polkadot-a-good-buy-in-november/" rel="noopener noreferrer" target="_blank">reported</a>, activity is building on the Polkadot ecosystem. That has allowed DOT to defend $5 for several weeks. To an investor, does it make sense to scoop it at a low level?
<h2 dir="ltr">DOT on a downtrend amid stability at $5</h2>
<img loading="lazy" src="https://media.igms.io/2022/10/29/1669747028396-7535fb70-493c-4773-b1d9-10eac9266093.png" style="width: 600px" class="fr-fic fr-dib" width="600" height="325">
<a href="https://www.tradingview.com/symbols/DOTUSD/" rel="noopener noreferrer" target="_blank">DOT/USD Chart by TradingView</a>
On the daily chart technical outlook, DOT maintains a long-term bearish momentum. The cryptocurrency broke below a minor support zone at $5.5. The minor level could still pose a resistance to the bulls.
The MACD indicator remains bearish. However, the bear momentum has slightly improved, implying that buyers have increased at the $5 level.
<h2 dir="ltr">What next for DOT?</h2>
DOT price could remain subdued as the token remains in bear momentum. With the overall bear market staying put, it would be premature to&nbsp;<a href="https://coinjournal.net/polkadot/buy/" rel="noopener noreferrer" target="_blank">buy DOT</a> now.
Nonetheless, DOT needs to recapture minor support at $5.5 to consider a short-term price appreciation. For a longer-term move, the token must regain the $6.5 level. Otherwise, DOT will remain vulnerable to $4.5.
<h2 dir="ltr">Where to buy DOT</h2>
<h3>
 eToro</h3>

 eToro offers a wide range of cryptos, such as Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro users can connect with, learn from, and copy or get copied by other users.


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 <h3>
 Binance</h3>

 Binance is one of the largest cryptocurrency exchanges in the world. It is better suited to more experienced investors and it offers a large number of cryptocurrencies to choose from, at over 600.

Binance is also known for having low trading fees and a multiple of trading options that its users can benefit from, such as; peer-to-peer trading, margin trading and spot trading.



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The post <a rel="nofollow" href="https://coinjournal.net/news/should-you-buy-polkadots-dot-at-5/">Should you buy Polkadot’s DOT at $5?</a> appeared first on <a rel="nofollow" href="https://coinjournal.net">CoinJournal</a>.

Ethereum is gearing for a recovery above $1,250. Here is the price action

<ul>
<li dir="ltr">
Ethereum token has gained by 11% in a week
</li>
<li dir="ltr">
The token eyes $1,250 as recovery takes shape
</li>
<li dir="ltr">
We need further confirmations/breakout before buying ETH
</li>
</ul>
<a href="https://coinjournal.net/ethereum/price/" rel="noopener noreferrer" target="_blank">Ethereum price</a> (ETH/USD) bulls are relentless despite a prolonged crypto winter. A gain of 11% in the last one week has taken the token to $1,205. The price level is close to the support zone of $1,250. Does this indicate ETH has initiated a bullish reversal?
Far from it &ndash; ETH is not yet bullish, but recent recovery boosts chances of it recapturing the $1,250 level. It should be remembered that analysts have been calling for a below $1,000 ETH price to another bottom price. However, Bloomberg senior macro strategist Mike McGlone expects Ethereum to hold up above $1,000. In his view, $1,000 is pretty solid support for ETH. He still warns that the FTX implosion impacts will linger longer before any bullish movement.
<h2 dir="ltr">ETH price movement and outlook amid slight recoveries</h2>
Ethereum printed a low of $1,080 earlier this month after the FTX collapse. Bulls have kept the level intact, despite repeatedly losing the war at $1,250. ETH retested the November bottom and is on recovery towards the resistance again. Investors will eye a potential breakout at the key level to ascertain if higher prices are possible.
<img loading="lazy" src="https://media.igms.io/2022/10/29/1669746586709-6a7f49da-748d-4417-bbcb-1cfbe75edaff.png" style="width: 600px" class="fr-fic fr-dib" width="600" height="301">
<a href="https://www.tradingview.com/symbols/ETHUSD/" rel="noopener noreferrer" target="_blank">ETH/USD Chart by TradingView</a>
The technical indicators show an improved price outlook for Ethereum. A bullish MACD crossover was initiated as the price recovered, although it remains in the bear zone.&nbsp;
The RSI reading has shifted from the oversold region. However, it remains below the midpoint, indicating that sellers still have the upper hand on the cryptocurrency.
<h2 dir="ltr">Should you buy ETH?</h2>
A price recovery to $1,250 is imminent for the Ethereum token. However, if considering&nbsp;<a href="https://coinjournal.net/ethereum/buy/" rel="noopener noreferrer" target="_blank">buying ETH,</a> you should wait until a breakout is confirmed above $1,250. A breakout would set up the cryptocurrency for the next potential resistance at $1,450 and $1,650.
On the flip side, if buyers fail to break above $1,250, ETH will remain under the control of bears. A price return to $1,000 is on the horizon or even lower.
<h2 dir="ltr">Where to buy ETH</h2>
<h3>
 eToro</h3>

 eToro offers a wide range of cryptos, such as Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro users can connect with, learn from, and copy or get copied by other users.


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 Bitstamp</h3>

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Bitstamp is a fully regulated company which offers users an intuitive interface, a high degree of security for your digital assets, excellent customer support and multiple withdrawal methods.


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The post <a rel="nofollow" href="https://coinjournal.net/news/ethereum-is-gearing-for-a-recovery-above-1250-here-is-the-price-action/">Ethereum is gearing for a recovery above $1,250. Here is the price action</a> appeared first on <a rel="nofollow" href="https://coinjournal.net">CoinJournal</a>.

Visiting El Salvador, It’s Clear That Bukele’s Bitcoin Country Is Neither Utopian, Nor Totalitarian

After a week in El Salvador, it’s clear that state-run Bitcoin adoption is a slow but critical foundation for revitalizing the country.

Real Spanish Football Federation Strengthens Its Web3 Presence By Launching Copa Del Rey Historical Moments With Realfevr

Lisboa, Portugal, 29th November, 2022, Chainwire
The partnership will allow football fans to collect unique video moments from Copa del Rey, a unique competition that features world-class players such as Maradona, Casillas, Messi, Cristiano Ronaldo, Zubizarreta, Futre, Neymar, Ra&uacute;l, Iniesta, Hugo S&aacute;nchez, among others.
<a href="https://www.realfevr.com/" target="_blank" rel="nofollow noopener">RealFevr</a> and the Royal Spanish Football Federation (RFEF), the highest governing body of Spanish football, announced today a three-year partnership for the gamification of historic and iconic moments of Copa del Rey.
The partnership will allow the creation of exclusive digital collectibles showcasing memorable video moments of one of the most-watched football competitions. World-class football stars such as Diego Maradona, Iker Casillas, Lionel Messi, Cristiano Ronaldo, Thibaut Courtois, David Beckham, Gaizka Mendieta, Paulo Futre, Roberto Carlos, Neymar, Ra&uacute;l, Andr&eacute;s Iniesta, Hugo S&aacute;nchez, Gareth Bale, Santiago Ca&ntilde;izares, David Villa, Samuel Eto&rsquo;o, Gerard Piqu&eacute; and many others, are just some examples of players who fought for the ultimate Spanish cup.
<a href="https://www.realfevr.com/" target="_blank" rel="nofollow noopener">RealFevr</a> has developed a decentralized Web3 platform that allows football fans to buy digital packs, collect historic video moments and sell them peer-to-peer (p2p) on the marketplace. &nbsp;The innovative Portuguese startup is currently positioned as one of the most experienced companies in this groundbreaking industry, having launched and sold out in a few hours several collections of moments, representing more than 145 thousand packs sold since the first edition launch. These moments not only can be collected, but also be used in their upcoming Web3 game: <a href="https://www.realfevr.com/fevr-battle-arena" target="_blank" rel="nofollow noopener">FEVR Battle Arena</a>. 
 
The Royal Spanish Football Federation (RFEF) will become the first national football federation in the world to create official digital video collectibles from one of its competitions. This step towards innovation is fully in line with the 2020-2024 strategic plan of its current Board of Directors, which defends the professionalization, modernization, and digitalization of the organization as one of the great challenges. With the new format of the Copa del Rey, promoted 4 seasons ago, the tournament retains all its prestige and historical roots while it has gained in emotion, number of goals and attractiveness for spectators.
<blockquote>&ldquo;Progress is made one step at a time. And today, we proudly affirm being one step closer to the implementation of our vision, not just as a company, but also as an active contributor to the digital revolution in the sports industry. RFEF trusted us to take this massive step, becoming the first national football federation in the world to do so. And now, we will be able to bring beautiful pieces of Spanish football history to fans all over the world, in the form of digital collectibles.&rdquo; said Fred Antunes, CEO of RealFevr.</blockquote>
<blockquote>&ldquo;Our agreement with RealFevr is great news for Copa del Rey fans around the world and will allow us to share with them historical moments of the competition that will be unique within the web3 ecosystem thanks to Realfevr&rsquo;s expertise and magnificent community of users.&rdquo; stated R&uacute;ben Rivera, RFEF&rsquo;s Marketing Director.</blockquote>
The first RealFevr x RFEF drop of moments will be released in 2022, so all fans who are interested in growing their personal football collection should follow RealFevr and RFEF social media, or register their interest at <a href="http://www.realfevr.com" target="_blank" rel="nofollow noopener">www.realfevr.com</a>.
About RealFevr: 
RealFevr is a Portuguese startup responsible for launching the first football marketplace for NFTs, in video format. All digital collectible moments are fully licensed, thus having real intrinsic value. Based in Lisbon and created in 2015 with the aim of revolutionizing the Fantasy Leagues market, RealFevr has quickly established itself in the growing blockchain, NFTs, and cryptocurrency market. In addition to the exclusivity of collectibles in video format whose usefulness goes beyond the mere collector&rsquo;s perspective, these will also be playable items in Web3 games that the company is developing. $FEVR is the ecosystem&rsquo;s fuel, being the currency used to buy the drops.
For more information, visit <a href="https://www.realfevr.com/" target="_blank" rel="nofollow noopener">realfevr.com</a>.
About RFEF: 
The Royal Spanish Football Federation (RFEF) is the governing body of football in Spain. The federation organizes the most important tournaments, such as the &ldquo;Copa del Rey&rdquo;, the &ldquo;Supercopa de Espa&ntilde;a&rdquo; and the women&rsquo;s &ldquo;Copa de la Reina&rdquo;. With over 113 years of history, RFEF is now embracing a new path toward innovation in sports, seeing the professionalization, modernization, and digitalization of the organization as the main objectives.
For more information, visit <a href="https://rfef.es" target="_blank" rel="nofollow noopener">rfef.es</a>.
Contact
Head of Marketing, Delfim Cascais, RealFevr, Info@realfevr.com

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Report: NFT Firm Candy Digital Cuts Over a Third of the Company’s Staff

Biggest Movers: LINK Hits 20-Day High, DOGE Rebounds From Monday’s Losses

BlockFi is bankrupt, where did it all go wrong?

<ul>
<li>BlockFi has become the latest firm to file for bankruptcy, citing &ldquo;significant exposure&rdquo; to FTX</li>
<li>It has sued FTX to reclaim Robinhood shares which it alleges Bankman-Fried had pledged as collateral</li>
<li>BlockFi bankruptcy was a longtime coming, with the firm rescued by a $400 million credit facility from FTX earlier this year</li>
<li>Regulation simply must come to the space, as customers continue to feel pain</li>
</ul>

Another one bites the dust.
In a move that absolutely everyone saw coming, BlockFi filed for bankruptcy Monday.
The embattled crypto lender&rsquo;s court filings reveal it has over 100,000 creditors and blame &ldquo;significant exposure&rdquo; to the insolvent exchange FTX. It is yet another dark mark on crypto&rsquo;s copybook, which is quickly running out of space.
<h2>BlockFi bankruptcy was coming</h2>
BlockFi had suspended withdrawals in the aftermath of the FTX collapse nearly three weeks ago. As investors of Celsius, Voyager Digital and so many other platforms will tell you, that generally is the final straw. It&rsquo;s hard to gain customers&rsquo; trust when you, you know, don&rsquo;t let them get their money out.
And so the filing this week comes as no surprise. BlockFi did contend that it had hopes of a resurgence. It revealed cash on hand of $257 million, which it says is enough to get it through bankruptcy proceedings, allowing it to avoid debtor-in-possession financing.
Call my a cynic, but I can&rsquo;t see how the firm recovers from this. BlockFi advisor Mark Renzi contended that BlockFi is &ldquo;well-positioned to move forward despite the fact that 2022 has been a uniquely terrible year for the cryptocurrency industry&rdquo;.
Hmmm. If this is what well-positioned is, then I need to retake English classes. Like I said, I can&rsquo;t see how customers will ever trust BlockFi with their funds again. Not to mention that big glaring hole on their balance sheet, and the small matter of them having literally filed for bankruptcy.
<h2>BlockFi sue FTX</h2>
BlockFi is also suing FTX to seize Robinhood shares which the lender alleges that Sam Bankman-Fried pledged as collateral against loans he has now defaulted on. Bankman-Fried bought 7.6% of Robinhood stock earlier this year.
The additional legal trouble &ndash; aside from the bankruptcy filing, just to be clear &ndash; simply highlights quite how messy and incestuous this entire thing is. As I wrote about when dissecting <a href="https://coinjournal.net/news/ftx-insolvent-what-next-for-crypto/">what is next for crypto</a>, &nbsp;Bankman-Fried had his hands in a lot of pots, and the process of untangling this debacle will not be fun.
A lot of it ties back to Luna collapsing earlier this year, which was supposedly when FTX&rsquo;s sister trading firm Alameda had a lot of loans called, having gotten caught up in the contagion themselves. FTX sent over client assets from the exchange, with the now defunct FTT token pledged as collateral. The same token that FTX created, that is.
BlockFi had its own trouble amid this, of course. They were forced to sign a deal with FTX for a $400 million credit facility (I told you &ndash; incestuous!) in order to keep the doors open. The deal also gave FTX the <a href="https://coinjournal.net/news/ftx-has-an-option-to-acquire-blockfi-for-240m-says-blockfis-ceo/">right to acquire</a> BlockFi at any point until July 2023.
Ironically, it is that same white knight &ndash; Sam Bankman-Fried &ndash; that is now triggering the latest batch of contagion, <a href="https://coinjournal.net/news/alameda-research-to-help-stem-contagion-in-crypto-ftx-ceo-says/">having said</a> that is exactly what he trying to counteract with all his bailouts earlier this year. And this time, BlockFi has fallen.
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">
2) also: 
"I do feel like we have a responsibility to seriously consider stepping in, even if it is at a loss to ourselves, to stem contagion," he said. "Even if we weren't the ones who caused it, or weren't involved in it. I think that's what's healthy for the ecosystem&hellip;"
&mdash; SBF (@SBF_FTX) <a href="https://twitter.com/SBF_FTX/status/1538518138685464577?ref_src=twsrc%5Etfw">June 19, 2022</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
In crafting this piece, I came across the below tweet I made about BlockFi, who reacted to Celsius imploding by sending me an email advertising higher yields. I think it is fair to see some of these firms practised less-than-stellar risk management, don&rsquo;t you think?
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">
Some people really need to read the room <a href="https://twitter.com/BlockFi?ref_src=twsrc%5Etfw">@BlockFi</a> <a href="https://t.co/gwA8RJ1wgB">pic.twitter.com/gwA8RJ1wgB</a>
&mdash; Dan Ashmore (@DanniiAshmore) <a href="https://twitter.com/DanniiAshmore/status/1545373237735047168?ref_src=twsrc%5Etfw">July 8, 2022</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
<h2>What is next for BlockFi customers?</h2>
Unfortunately, customers now face a long wait. Like, a really long wait. Mt Gox, the former exchange which once captured 70% of the Bitcoin trading market, went bankrupt in 2014 and customers still haven&rsquo;t seen a cent.
Let&rsquo;s hope this won&rsquo;t be that long, but Chapter 11 is not an overnight process. As John Ray III said in court filings shortly after he took over the CEO gig at FTX to steer them through the bankruptcy process, &ldquo;never in my career have I seen such a complete failure of corporate controls and such a complete absence of trustworthy financial information as occurred here&rdquo;.
And that is the same John Ray III who oversaw Enron&rsquo;s bankruptcy, one of the worst bankruptcy cases in financial history. &nbsp;
It was obvious already but it gets more so by the day: the cryptocurrency space needs a complete overhaul of regulation. Right now, some common sense would also be nice.

The post <a rel="nofollow" href="https://coinjournal.net/news/blockfi-is-bankrupt-where-did-it-all-go-wrong/">BlockFi is bankrupt, where did it all go wrong?</a> appeared first on <a rel="nofollow" href="https://coinjournal.net">CoinJournal</a>.

NFT Sales Jumped 22% Higher This Month With $568 Million in NFTs Sold Across 20 Blockchains

Bitcoin Songsheet: Fiat Money Debases Charity

The incentives of the fiat system have broken charitable giving, but Bitcoin offers a chance to make real impact without virtue signaling.

How is the Utility Token, Metacade (MCADE), Different from that of Aave (AAVE) and Enjin (ENJ)?

With such a huge variety of cryptocurrency tokens around, working out which one to choose can be confusing. With a lot of talk about the potential of the MCADE token on the Metacade platform, it&rsquo;s worth considering how this could revolutionize metaverse gaming. We can then see how it compares to the AAVE and ENJ tokens.&nbsp;
<h2 dir="ltr">Metacade &ndash; A Top Investment Opportunity&nbsp;</h2>
<a href="https://metacade.co/?utm_source=media&amp;utm_medium=artc&amp;utm_campaign=coinjournal&amp;utm_term=internal&amp;utm_content=launch" rel="noopener noreferrer" target="_blank">Metacade</a> is more than a metaverse project, it&rsquo;s a community-driven gaming hub with many monetization opportunities. This makes the platform&rsquo;s native MCADE token a good diversification option for crypto investors. Metacade&rsquo;s ingenious blend of the metaverse, play-to-earn gaming, and community activity makes its MCADE token a stand-out investment opportunity.&nbsp;
To understand the opportunity it presents, consider the upcoming presale of MCADE. With 1.4 billion tokens that start at just $0.008 before rising to a cost of $0.020, the launch of the MCADE token is designed to reward those investors who recognize its potential and get involved early. To fully understand the future prospects of Metacade, let&rsquo;s compare it with a couple of other tokens and see how it differs from and improves on their models.
<h2 dir="ltr">AAVE and ENJ holders are starting to invest in Metacade</h2>
The Metacade project has attracted interest from many investors, including those who&rsquo;ve already held the likes of AAVE and ENJ tokens. Here&rsquo;s why.
Aave is an <a href="https://www.coinbase.com/es-LA/price/aave#:~:text=AAVE%20is%20the%20native%20token,proposals%20to%20improve%20the%20platform." rel="noopener noreferrer" target="_blank">open-source liquidity protocol</a> that allows users to deposit their assets, stake, and borrow. The AAVE token is also used by the community to vote on the decisions that affect them. It&rsquo;s currently sitting at over $85 and has reached as high as $666 at one point.
ENJ is the token used by the Enjin protocol, which was set up in 2009 to help the gaming community. It&rsquo;s a ERC-20 token on the Ethereum blockchain, which can be earned by playing games and used to pay for items on gaming platforms. This <a href="https://www.coingecko.com/en/coins/enjin-coin" rel="noopener noreferrer" target="_blank">price history in this case</a> is more modest with a maximum of over $4.85 and a current value of just under $0.50.
While these tokens have gained a degree of popularity, the arrival of the Metacade project has given these Aave and Enjin holders another option to consider adding to their portfolios.&nbsp;
<h2 dir="ltr">What is Metacade?&nbsp;</h2>
Metacade is an innovative new metaverse project that gives players access to immersive arcade games and gives them a sense of ownership over the space. As a platform that brings together like-minded gamers, crypto investors, and developers in real time, we can expect Metacade to be a huge part of the metaverse.
While a lot of projects in Web3 are focused on only one or two game titles, Metacade is offering players a whole arcade to enjoy. Here they can take part in play-to-earn gaming and connect with developers to create new games that people actually want to play!
As part of a Web3 community and metaverse gaming hub, the tokenomics model encourages a self-sustaining ecosystem via the native coin MCADE. With MCADE, users decide on what games get developed and what the future of Metacade looks like. To earn additional income, users can also stake their tokens, get involved with game testing and be rewarded for community engagement. Metacade will also reward game developers with Metagrants, a source of funding, to create games for the platform.&nbsp;
A supply of 1.4 billion MCADE tokens is being offered in the presale. The lower initial price is set to reward investors for getting on-board at this early stage and look for the price to rise over time. The revenue generating model is then designed to keep the profits ticking over and help the token to rise in value as its demand increases.
<h2 dir="ltr">Will Metacade surpass AAVE and ENJ?</h2>
It can be difficult to predict what happens next in the cryptocurrency scene and impossible to guarantee a token will reach a certain value. &nbsp;However, what we can determine is whether a new project provides the potential that could see its value rise to overtake other tokens on the market.
With Metacade, the buzz that&rsquo;s building around the presale makes it seem that it will hit the ground running. A look at the roadmap for this project shows that the next few stages are clearly marked, with the presale at the end of 2022 to be followed by the token being listed on various top exchanges in early 2023. Looking at all that, eyes are glued on MCADE as it could shoot past AAVE and ENJ.
<h2 dir="ltr">Is Metacade a long-term investment?</h2>
Metacade is a token with a solid concept, sturdy ecosystem, and dedicated team behind it. Despite the crypto market taking a downturn in 2022, there are still metaverse projects, like Metacade, that have solid future prospects, making them wise long-term investments.
In the case of Metacade, the developers have designed a clever combination of metaverse, gaming, and cryptocurrency investment all in one place. As the web3 community grows and people become more comfortable with the virtual world, interest in these activities is only set to increase and turn Metacade into a go-to metaverse hub of the future.
It&rsquo;s worth bearing in mind that digital currencies can be worthwhile in a number of ways, from beating inflation to diversifying an investment portfolio. With the world currently being gripped by all sorts of political uncertainty and financial upheaval, it&rsquo;s easy to see why people are turning to these tokens as a sort of safe haven for their money. In terms of Metacade specifically, the model employed seems certain to help the MCADE token to grow in strength and value once it&rsquo;s listed on the main exchanges in early 2023.
<h2 dir="ltr">Should I buy Metacade, AAVE, or ENJ?</h2>
These three tokens all do different things and have different evangelists. By taking a macro view of their functions and the current ecosystem surrounding them, we can say that the Metacade metaverse gaming project is currently most highly recommended for investment. It provides a better ecosystem and a fresh approach, while the AAVE and ENJ coins have both failed to live up to their early promise.&nbsp;
The strong community aspect, key partnerships, and incentives mentioned in their white paper suggest that MCADE should get off to a strong start once launched. Early investors will be hoping to see their presale purchase immediately give them a return once it&rsquo;s listed on the major exchanges.&nbsp;
<h2 dir="ltr">Is Metacade worth buying?</h2>
All the information out there points towards an answer that says Metacade is a highly recommended purchase for several powerful reasons.
The cryptocurrency market could be set to bounce back from a difficult few months and it&rsquo;s certain that the strongest projects continue to be backed heavily by savvy investors. Metacade falls into that category because of the exciting combination that it offers of the metaverse, arcade gaming, and a token with excellent earning potential.
<a href="https://metacade.co/?utm_source=media&amp;utm_medium=artc&amp;utm_campaign=coinjournal&amp;utm_term=internal&amp;utm_content=launch" rel="noopener noreferrer" target="_blank">With a presale</a> that starts with tokens at just $0.008 before gradually ramping up the price, this is a worthwhile project that is turning a lot of heads and is well worth getting involved in before the price shoots up.
You can participate in the Metacade pre-sale&nbsp;<a href="https://metacade.co/?utm_source=media&amp;utm_medium=artc&amp;utm_campaign=coinjournal&amp;utm_term=internal&amp;utm_content=launch" rel="noopener noreferrer" target="_blank">here</a>.

The post <a rel="nofollow" href="https://coinjournal.net/news/how-is-the-utility-token-metacade-mcade-different-from-that-of-aave-aave-and-enjin-enj/">How is the Utility Token, Metacade (MCADE), Different from that of Aave (AAVE) and Enjin (ENJ)?</a> appeared first on <a rel="nofollow" href="https://coinjournal.net">CoinJournal</a>.

FTM price soars amid news on Fantom’s financial health

<ul>
<li dir="ltr">Fantom price soared by more than 17% early Tuesday as the DeFi platform&rsquo;s market cap hit $500 million.</li>
<li dir="ltr">Andre Cronje shared a breakdown of Fantom&rsquo;s finances, stating that the platform is &lsquo;cash flow positive&rsquo; with over $450 million.</li>
<li dir="ltr">He revealed Fantom refused to pay millions to be listed on certain exchanges or deployed on NFT platforms.</li>
</ul>
Fantom (FTM) is up more than 26% in the past seven days, with double digit pops for the FTM token as well as other ecosystem tokens over the past 24 hours. The dash to <a href="https://coinjournal.net/fantom/buy/">buy Fantom</a> pushed the token&rsquo;s price above $0.215.
<h2 dir="ltr">Fantom price jumps 17% as market cap hits $500 million</h2>
Data on CoinGecko shows Fantom price surged from a low of $0.178 on Tuesday morning, hitting intraday highs of $0.219 and a daily volume of more than $200 million. The cryptocurrency&rsquo;s market cap rose above $500 million and was around $546 million as at 8:15 am ET.
<a href="https://coinjournal.net/fantom/projects/">Fantom projects</a> such as Scream (CREAM) and Geist Finance (GEIST) were also trading higher.
<h2 dir="ltr">Why did Fantom price surge?</h2>
The crypto market remains largely bearish, with recent events around the collapse of FTX and other platforms contributing to the jitters that have seen major cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) hover near multi-month lows.
As for Fantom, although the latest upside has helped cut the DeFi token&rsquo;s losses over the past 30 days to under 5%, a look at the charts shows the price of Fantom remains more than 93% down on its all-time high of $3.46 reached in late October 2021.
But what pushed the FTM price to its highest level since early November?
The answer is in a wave of fresh optimism sweeping through the Fantom ecosystem after a dose of great news regarding the financial state of the crypto company. In short, crypto developer Andre Cronje <a href="https://andrecronje.medium.com/fantom-an-inside-financial-peak-at-being-a-crypto-company-323d29fb5e81" rel="noopener noreferrer" target="_blank">shared details</a> that basically show Fantom is financially healthy. &nbsp;
<h2 dir="ltr">Fantom is &lsquo;cash flow positive&rsquo;</h2>
According to Cronje, Fantom&rsquo;s treasury currently holds more than 450 million FTM, over $100 million in stablecoins, and more than $100 million in crypto assets. The DeFi platform also holds $50 million in non-crypto assets, giving the company approximately 30 years of runway even with a salary burn rate of $7 million a year.
And notably, Fantom won&rsquo;t have to sell FTM to stay in the green financially for the next several years. With more than $10 million earned annually from validators, delegators, various DeFi strategies and network fees, Fantom is &ldquo;cash flow positive&rdquo; and scaling, Cronje noted.
On lessons learnt as multiple crypto projects file for bankruptcy, he wrote:
&ldquo;If your entire revenue model is selling your token, you are doing a disservice to yourself, your blockchain, and your supporters.&rdquo;
Cronje also revealed that Fantom had refused to part with millions of dollars in return for listings, partnerships and deployment on an NFT marketplace.

The post <a rel="nofollow" href="https://coinjournal.net/news/ftm-price-soars-amid-news-on-fantoms-financial-health/">FTM price soars amid news on Fantom’s financial health</a> appeared first on <a rel="nofollow" href="https://coinjournal.net">CoinJournal</a>.

Dogecoin price: where next after the 38% rally in the last seven days?

<ul>
<li dir="ltr">
DOGE has added nearly 40% to its value after Twitter payment speculation.
</li>
<li dir="ltr">
Dogecoin is the best performer amongst the top 20 cryptocurrencies over the past seven days
</li>
<li dir="ltr">
The leading meme token could move toward the $0.110 resistance level in the near term.
</li>
</ul>
DOGE, the native token of the Dogecoin network, has been the best performer amongst the top 20 cryptocurrencies by market cap over the last seven days. It has added 38% to its value during that period and could rally higher over the next few hours and days.&nbsp;
At press time, the <a href="https://coinjournal.net/dogecoin/price/" rel="noopener noreferrer" target="_blank">price of Dogecoin</a> stands at $0.1029 per coin. Here is a brief outlook n Dogecoin and where it could be headed next.&nbsp;
<h2 dir="ltr">What has been driving Dogecoin&rsquo;s price higher in recent days?</h2>
DOGE has added nearly 40% to its value in the last seven days, more than any of the top 20 cryptocurrencies by market cap. The rally comes following speculation that DOGE would be included in potential plans for Twitter to incorporate payments.
Elon Musk is a huge fan of Dogecoin, and now that he owns Twitter, industry enthusiasts speculate that he could incorporate DOGE payment option on the social media platform.&nbsp;

<blockquote class="twitter-tweet" data-width="500" data-dnt="true">
Slides from my Twitter company talk <a href="https://t.co/8LLXrwylta">pic.twitter.com/8LLXrwylta</a>
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1596718851097755648?ref_src=twsrc%5Etfw">November 27, 2022</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
<h2 dir="ltr">What&rsquo;s the outlook for the Dogecoin price?</h2>
Dogecoin is one of the top 10 cryptocurrencies by market cap and has rallied by 38% in the last seven days. If the market momentum is maintained, DOGE could move toward the $0.15 resistance level over the next few days.
The leading meme coin has been outperforming the broader market in the last seven days. However, with the speculation now quiet, DOGE could need the support of the broader market to attempt a rally toward the $0.20 psychological level.
<h2 dir="ltr">Dogecoin technical analysis</h2>
The DOGE/USD 4-hour chart is bullish as Dogecoin has been performing well over the last 24 hours. The technical indicators show that DOGE is outperforming the broader crypto market.
<div class="fr-img-space-wrap">
<img loading="lazy" src="https://media.igms.io/2022/10/29/1669730619192-c7be67e8-92ef-447d-b47c-ad2ccdb420d1.png" style="width: 600px" class="fr-fic fr-dib fr-fil" width="600" height="284"><a href="https://www.tradingview.com/symbols/DOGEUSD/?exchange=COINBASE">DOGE/USD Chart By TradingView</a>

&nbsp;
</div>
The MACD line has been above the neutral zone over the last few days, indicating that the bulls are currently in charge. The 14-day RSI of 74 also shows that DOGE is heading toward the overbought region.
If the rally continues, DOGE could move past the first major resistance level at $0.12499 over the next few hours or days. However, it would need the support of the broader crypto market to rally toward November&rsquo;s high of $0.15327 in the near term.
<h2 dir="ltr">How to buy Dogecoin?</h2>
Follow these simple steps to buy Dogecoin:
Step 1: Open an account with the <a href="https://coinjournal.net/brokers/etoro/" rel="noopener noreferrer" target="_blank">eToro trading platform</a>:&nbsp;
Visit the official eToro website and open an account within a few minutes.&nbsp;
Step 2: Fund your account:
Fund the newly-opened eToro account with your local fiat currency. You can deposit as much as you desire.&nbsp;
Step 3: Start trading Dogecoin:
You can immediately start trading Dogecoin against a host of other cryptocurrencies like Bitcoin or against fiat currencies like the GBP or USD.
<h2 dir="ltr">Where to buy Dogecoin now</h2>
<h3>
 eToro</h3>

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 Buy DOGE with eToro today </a>
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The post <a rel="nofollow" href="https://coinjournal.net/news/dogecoin-price-where-next-after-the-38-rally-in-the-last-seven-days/">Dogecoin price: where next after the 38% rally in the last seven days?</a> appeared first on <a rel="nofollow" href="https://coinjournal.net">CoinJournal</a>.

Bitcoin, Ethereum Technical Analysis: ETH Climbs Above $1,200 Ahead of US Consumer Confidence Report

Litecoin Price Defies Gravity as Buyers Eye $100

<ul>
<li dir="ltr">
Litecoin has rallied by about 60% from its lowest point this month.
</li>
<li dir="ltr">
Its hashrate is hovering near its all-time high.
</li>
<li dir="ltr">
LTC has lost its close correlation with Bitcoin.
</li>
</ul>
Litecoin price has done well in the past few days as its divergence from Bitcoin continues. LTC was trading at $76.85 on Tuesday, which was about 60% above the lowest level this month. It is also hovering near its highest level in May, giving it a market cap of over $5.4 billion.
<h2 dir="ltr">LTC hashrate steady</h2>
<a href="https://coinjournal.net/litecoin/">Litecoin</a> is one of the oldest cryptocurrencies that emerged from a fork of Bitcoin. It is a proof-of-work cryptocurrency that was created to solve some of the biggest Bitcoin&rsquo;s challenges. For example, it has faster speeds and significantly lower costs than Bitcoin.
Litecoin&rsquo;s mining costs are also much lower than those of Bitcoin. However, because of its volatility, it has not been used widely as a payment option. Based on its hashrate, Litecoin is not as safe as Bitcoin.
It is unclear why LTC price has done well in the past few months even as other coins remained on edge. A likely reason is that activity in its ecosystem has done well in the past few days.&nbsp;
For example, Litecoin&rsquo;s hashrate is hovering near its all-time high of near 600 TH/s. After falling to 527 TH/s, the coin&rsquo;s hashrate has risen to 568. Hashrate is an important figure in proof-of-work cryptocurrencies because it is a measure of a network&rsquo;s security.&nbsp;
Similarly, Litecoin&rsquo;s mining difficulty has been in a strong upward trend in the past few months. It currently stands at 19.24 million, which is a few points below its all-time high of 20 million.&nbsp;
<h2 dir="ltr">Litecoin Google searches</h2>
Another possible reason why&nbsp;<a href="https://coinjournal.net/litecoin/price/">Litecoin price</a> is rising is Fear of Missing Out (FOMO). This happens when investors rush to buy a coin that is in a bullish trajectory. Indeed, data by Google shows that the number of search queries on Litecoin has been in an upward trend and is now at the highest level since June this year.
Litecoin has also lost its close correlation with Bitcoin. While its price has popped, Bitcoin remains on the verge of a bearish breakout.
<h2 dir="ltr">Litecoin price forecast</h2>
<img loading="lazy" src="https://media.igms.io/2022/10/29/1669725155530-dd8ea02e-5e08-4bea-97ba-c72a335378d7.png" style="width: 578px;height: 287.073px" class="fr-fic fr-dib" width="578" height="287.073">
&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; <a href="https://www.tradingview.com/symbols/LTCUSD/?exchange=COINBASE">LTC chart by TradingView</a>
Is it safe to&nbsp;<a href="https://coinjournal.net/litecoin/buy/">buy Litecoin</a>? LTC price has been in a bullish trend in the past few days. It has managed to move above the important resistance level at $67.56, the highest level on September 13. It also rose above $73.13, which was the highest point on November 7.&nbsp;
Litecoin&rsquo;s rally is being supported by the short and long-term moving averages while the Relative Strength Index (RSI) has moved above close to the overbought level. Therefore, the coin will likely continue rising as buyers target the key resistance at $100.
<h2 dir="ltr">How to buy Litecoin</h2>
<h3>
 eToro</h3>

 eToro offers a wide range of cryptos, such as Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro users can connect with, learn from, and copy or get copied by other users.


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 <h3>
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President of Bank of Brazil Shows ‘Open Finance’ Digital Real Concept Featuring Stablecoin Integration and Payments Functionality

US-Based Exchange Bitfront To Shut Down As Crypto Winter Shows No Signs Of Thawing

Bitfront &#8211; a cryptocurrency exchange platform launched in 2020 by Japanese social media company LINE &#8211; will now cease its operation following the announcement that was made on Monday.
With the <a href="https://forkast.news/headlines/crypto-exchange-bitfront-announces-closure/" rel="noopener">development</a>, new sign-ups and credit card deposits will be stopped immediately while the platform’s users were given until March 31 next year to take out their funds.
The exchange was quick to clarify that its business decision is in no way related to the case of some of its competitors that were reportedly accused of misconduct.
According to the <a href="https://www.thestreet.com/crypto/news/line-us-crypto-exchange-bitfront-shuts-down-plans-to-halt-all-withdrawals" rel="noopener">announcement</a> made by LINE, it will now turn its focus on its native decentralized finance (DeFi) network and its LINK token.
“Despite our efforts to overcome the challenges in this rapidly evolving industry, we have regrettably determined that we need to shutdown Bitfront in order to continue growing the LINE blockchain and LINK token economy,” said the corporate announcement.

<h2><img loading="lazy" class="size-medium wp-image-205322 aligncenter" src="https://bitcoinist.com/wp-content/uploads/2022/11/C1-25-566x420.png" alt="" width="566" height="420" srcset="https://bitcoinist.com/wp-content/uploads/2022/11/C1-25-566x420.png 566w, https://bitcoinist.com/wp-content/uploads/2022/11/C1-25-768x570.png 768w, https://bitcoinist.com/wp-content/uploads/2022/11/C1-25-750x557.png 750w, https://bitcoinist.com/wp-content/uploads/2022/11/C1-25.png 820w" sizes="(max-width: 566px) 100vw, 566px" /></h2>
Image: DailyCoin
<h2>FTX Fallout: Another Crypto Exchange Shutters</h2>
Launched in February 2020 with the initial name Bitbox, Bitfront supported trades for the well known cryptocurrencies Bitcoin and Ethereum as well as its native token, LINK in U.S. dollar fiat markets.
It was operated by LINE Corporation, a Tokyo-based internet company along with its blockchain arm, LVC Corporation.
Meanwhile, LINE, Bitfront’s parent company is a subsidiary of the Softbank and South Korean internet firm Naver-owned Z Holdings.
In officially going out of business, the crypto exchange now becomes one of the latest crypto-firms that made the <a href="https://www.techinasia.com/line-announces-closure-crypto-exchange-platform" rel="noopener">decision to close their doors</a> for good following the collapse of FTX which used to be one of the world’s largest exchanges.
It can be recalled that on November 11, after finding itself in a gigantic financial hole, <a href="https://www.theguardian.com/technology/2022/nov/11/cryptocurrency-exchange-ftx-files-for-bankruptcy-protection-in-us" rel="noopener">FTX filed for a Chapter 11 Bankruptcy</a> and was later found out to have a debt that was at least $3 billion.
To this date, there are no updates as to how the company will compensate its users whose funds have been kept trapped in its system for weeks now.
LINE, though, have already clarified that their decision is not influenced by the circumstances that surround the implosion of FTX.
<h2>Bitfront: LINK Token Not Looking Good Right Now</h2>
It turns out that Bitfront’s closure might have hurt the LINK token as it has been on a decline according to latest tracking from <a href="https://www.coingecko.com/en/coins/link" rel="noopener">Coingecko</a>.
At the time of this writing, the crypto asset is changing hands at $24.23 and has been down by 6.4% over the last 24 hours.
Moreover, the altcoin is staring at weekly deficit of 6.3% as it continues to paint its charts in red. Hopefully, with the extra focus that LINE can now afford to give to the token, it will soon be able to break free from its slump and climb to higher trading prices.

<img loading="lazy" class="aligncenter size-medium" src="https://www.tradingview.com/x/sJT5SIfo/" width="2047" height="979" />
Crypto total market cap at $791 billion on the daily chart | Featured image from Talking Retail, Chart: <a href="https://www.tradingview.com/chart/ajrdy9Lf/" rel="noopener">TradingView.com</a>

Bitcoin․com Announces Strategic Partnership with Poly Network

OKX launch NFT World Cup competition

Key Takeaways
<ul>
<li>The World Cup is underway, with crypto companies getting in on the act</li>
<li>OKX has launched an NFT tournament, with customers able to mint three free NFTs</li>
<li>Brazil the favourites, but European nations have won every tournament since 2002</li>
</ul>

It&rsquo;s World Cup time.
Unquestionably the biggest sporting competition on the planet, the World Cup is a truly global event. While this edition may be marred by human rights abuses and the corrupt nature in which it was awarded, 32 nations have nonetheless come together to decide who will reign supreme for the next four years.
<h2>Crypto world leverages World Cup for exposure</h2>
Even within the world of cryptocurrency, the World Cup has an impact. There was Cristiano Ronaldo <a href="https://coinjournal.net/news/cristiano-ronaldo-announces-nft-collection-on-binance/">launching</a> an NFT collection on Binance. While this would have been otherwise notable, it was buried in the news because it came amid Binance CEO Changpeng Zhao arguing with Sam Bankman-Fried on Twitter, which ultimately led to the <a href="https://coinjournal.net/news/ftx-insolvent-what-next-for-crypto/">scandalous collapse</a> of FTX.
First Lionel Messi stealing Ronaldo&rsquo;s limelight (what a goal that was against Mexico), and then Sam Bankman-Fried. The guy can&rsquo;t catch a break.
Elsewhere within NFTs, OKX has launched an <a href="https://www.okx.com/support/hc/en-us/articles/10660678030093-Announcement-and-Tutorial-on-OKX-Football-Cup-Mint-NFTs-Win-Prizes">OKX Football Cup</a>, a competition which allows players to mint NFTs and compete for prizes. While I have been critical of the NFT market, writing about its lack of value as part of <a href="https://coinjournal.net/news/what-happened-the-metaverse-lessons-from-the-dot-com-bubble/">the flailing metaverse</a>, I do love my football.
And so, with the option to mint free NFTs for three different teams, I decided to have a fun look and see which teams were best placed. &nbsp;Although, I should caveat, that these NFTs with OKX are not strictly free. Customers are still required to pay gas fees, which on Ethereum can be rather steep.
But as long as you mint before the group stage ends on December 3rd, you will be able to enter the competition, and the gas fee will be the only charge.
<h2>Who will win the World Cup?</h2>
In deciding who are the best teams to mint, I first charted the odds of each team winning the tournament. For this, I pulled the bookmaker odds, as of Tuesday 29th November (this is before the resolution of the England/US group this evening).
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At 27.4%, Brazil are deemed the most likely team to win the tournament. Personally, I&rsquo;d love to see them do it. The national team of Brazil is nothing short of iconic, and having not held the trophy aloft since 2002, it would be nice to see them do it.
In fact, European teams have won the last four World Cups since Brazil beat Germany 2-0 in Yokohama, Japan in 2002. Italy were victors four years later in 2006 (courtesy of a Zinedine Zidane mental breakdown), Spain triumphed in 2010 as part of their utter dominance of international football, Germany beat Argentina in 2014 and France topped a plucky Croatian outfit in 2018. &nbsp;
<h2>Is it a good idea to mint Brazil?</h2>
In truth, the answer to who to mint here is easy. It&rsquo;s the top three favourites: Brazil, France and Spain. With their chances of winning numbered at 27.4%, 14.7% and 12.2% respectively, there is a 53% chance that one of the trio lifts the trophy aloft.
But where is the fun in picking the favourites?
My heart says Argentina, as it would be a joy to watch the little maestro, Lionel Messi, walk off into the sunset with the biggest prize of all under his arm. But having watched the Argentinians struggle mightily so far, their 10% odds of winning seem generous.
For me, in the absence of my own country from the tournament (Ireland) I&rsquo;m cheering on the two South American nations. As a European, it&rsquo;s nice seeing Spain, France and the likes playing well, but I&rsquo;m ready to see the South Americans take back their crown.&nbsp;
Deep down, I think Spain or France may do it, though. I don&rsquo;t know why I don&rsquo;t trust Brazil, as talented as their squad is. A knock to Neymar won&rsquo;t help either.
But hey, who knows. That&rsquo;s why we watch the games, I guess. &nbsp;

The post <a rel="nofollow" href="https://coinjournal.net/news/okx-launch-nft-world-cup-competition/">OKX launch NFT World Cup competition</a> appeared first on <a rel="nofollow" href="https://coinjournal.net">CoinJournal</a>.

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