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So you might think that the worst US inflation news in 40 years might have further “valued” the crypto market. Well, that’s not the case yet. In fact, some coins, including Polygon’s MATIC, are skyrocketing.
And, more generally, at the time of writing, the crypto market is rising compared to yesterday’s time when the market still had a shivering lower lip about the CPI US inflation rate of 9.1%.
Let’s take a quick look at today’s price action, but first let’s take a quick look at some crypto news items …
News: Polygon Pump; NFT Growth Outlook; Yankee Team with NYDIG
•• polygonThe Layer 2 Ethereum Scaling Solution was selected for Disney’s 2022 Accelerator Program. And that’s obviously because Disney wants to help build Web3 development of the protocol.
According to a statement from the Walt Disney Company, only six projects focused on Augmented Reality (AR), Non-Alternative Tokens (NFT) and Artificial Intelligence (AI) will be accepted into the program this year.
Polygon is the only blockchain project of the six, and its CEO Ryan Watt is excited …
Hits continue!@ 0xPolygon Was invited to @ DisneyFamous accelerator program.
We were the only blockchain chosen.
It tells us what is going on here and where we are heading as a company.
“It’s a little fun to do the impossible.” – Walt Disney https://t.co/grpPIFz5Tg pic.twitter.com/2NOedF5pUE
— Ryan Wyatt (@Fwiz) July 13, 2022
… The same is true for investors in Polygon’s native token MATIC. MATIC has now surged 22.4% in the last 24 hours and is probably related to this news.
•• NFT marketAccording to Cointelegraph, referring to a comprehensive report conducted by global research and consulting firm Verified Market Research, the overall value of is projected to increase to approximately US $ 230 billion by 2030. .. In its 2021 2021 report, VMR finally rated this sector at approximately US $ 11.3 billion.
•• New York Yankees The baseball club has a multi-year contract with NYDIG, a leading Bitcoin-focused company. According to the statement, it will make NYDIG the official Yankees “bitcoin payroll platform” and provide club employees with access to NYDIG’s Bitcoin savings plan.
Will the Yankees go on the path of Perth Heat’s Bitcoin standard business model? A stranger happened.
The New York Yankees will leverage NYDIG’s platform to enable employees to convert part of their salary to: #bitcoin..@Fall_Of_Fiat Report: https: //t.co/V4se1x2xTM
— Bitcoin Magazine (@BitcoinMagazine) July 14, 2022
#bitcoin + #baseball + Harlem Globetrotters.
My latest work @BitcoinMagazine And how @PerthHeat Useful #Hyperbitcoinization.. https://t.co/P4o3F8QDmC
— Steven.nelkovski ⚡️ (@stevennelkovski) July 3, 2022
Top 10 overview
According to CoinGecko, the market capitalization of cryptocurrencies is US $ 950 billion overall, an increase of 4.7% from this time yesterday. This is the current status of the top 10 tokens.
At least one prominent chart gazer Has promoted the possibility of a bearish breakdown of Ethereum (ETH) … others We have found more positive signs in the technical pattern.
The fact is that top altcoin leads the daily rates of crypto majors, a healthy 7.4% increase (at the time of publication). Positive sentiment towards the PoSMerge upgrade during protocol development may be gaining momentum …
Remember this in all the madness:
Marge is coming
—RYANSΞANADAMS–rsa.eth?? (@RyanSAdams) July 13, 2022
Ethereum Marge is one of the most powerful catalysts in the history of cryptography and is quickly approaching.
When you reach the end of ETH under the Proof of Work regime, let’s talk about the 10 key characteristics after merging, Proof of Stake ETH.
—VivekVentures.eth ??? (@VivekVentures) July 10, 2022
Meanwhile, some encouraging thoughts on Twitter’s popular analyst Rekt Capital’s No. 1 OG crypto asset (Bitcoin) …
#BTC Experienced most of the downtrend acceleration phase
At the end of this phase, a multi-month integration phase will follow.$ BTC # Cryptography #Bitcoin
— Rekt Capital (@rektcapital) July 14, 2022
Pinch and catch a penny #BTC The bottom may seem worthwhile in the short term
But in the long run, this is a psychological reflex and can fool you from a beneficial position in the future. $ BTC I can’t drop more from here
The dollar cost averaging method solves this dilemma#Bitcoin
— Rekt Capital (@rektcapital) July 13, 2022
Upper and Downer: 11–100
Eliminate the market capitalization range of about $ 7.4 billion to about $ 393 million in the rest of the Top 100 and find some of the biggest 24-hour winners and losers during the press. (Accurate statistics at the time of publication, based on CoinGecko.com data.)
•• polygon (MATIC), (Market capitalization: US $ 5.4 billion) + 22%
•• Synthetix network (SNX), (mc: US $ 623 million) + 18%
•• Uniswap (UNI), (mc: US $ 2.98 billion) + 18%
•• Elrond (EGLD), (mc: US $ 1.28 billion) + 15%
•• Irweave (AR), (mc: US $ 666 million) + 15%
•• Quants (QNT), (mc: US $ 1.25 billion) + 14%
•• Aave (AAVE), (mc: US $ 1.15 billion) + 14%
•• Curve DAO (CRV), (mc: US $ 424 million) + 12%
Furthermore, as mentioned above, Polygon’s MATIC is in tears. There are many other possible reasons for this. Although it’s been doing well these days (+ 56% in the last 30 days), today’s news revolves around Disney.
On the other hand, the good old-fashioned DeFi project is also having a good day. Tokens such as Synthetix, Uniswap, Aave, Curve DAO and Convex Finance are all displayed in 2-digit green.
1 / Call all GHOst ?
We have created a new decentralized secured stablecoin ARC that is unique to the Aave ecosystem known as GHO.
Read more below and discuss your thoughts on snapshots (coming soon)! ? https: //t.co/P7tHl9LbBe
— Aave (@AaveAave) July 7, 2022
David Angliss of Apollo Capital enthusiastically talked about this earlier this week, so keep an eye out for Aave and GHO in Apollo’s Moonshots column.
•• Lido DAO (LDO), (Market capitalization: US $ 417 million) -6%
•• PAX Gold (PAXG), (mc: US $ 586 million)-1%
•• chain (XCN), (mc: US $ 2 billion)-0.5%
Around the block
Randomness and aptitude choices that stuck to us on our daily journey via CryptoTwitterverse …
FED’S WALLER: 75 basis points should definitely occur since yesterday.
— Breaking Market News ⚡️ (@financialjuice) July 14, 2022
— Naiive cat (@naiivememe) July 14, 2022
Celsius bankruptcy, Voyager bankruptcy, 3AC bankruptcy, other companies are struggling.
Still, Kevin O’Leary says large parties still need to collapse.
I think we are already down quite a bit.
—Michaëlvan de Poppe (@CryptoMichNL) July 14, 2022
The $ DXY Is the key to the relief rally #crypto..
It needs to be regained from 108.50, the confluence of resistance from 02/02/2001. $ SPY $ BTC $ ETH pic.twitter.com/biEqsmhQVN
— Justin Bennett (@JustinBennettFX) July 14, 2022