12/22/2023 0 Comments Coingecko circle usdc 3.4b binance usd![]() ![]() ![]() ![]() This shows that the crypto community sentiment has long been shaped by the predicted macro changes of the world’s largest economy. When the news was officially announced, the price did not fluctuate as expected. However, we can observe a decrease in the price movement of cryptocurrencies which often comes before the official news from the Fed is released. For the crypto market, those actions from the US Federal Reserve always bring downward pressure, except for the only increase in July. With 5 times the FED raised interest rates in the fiscal year 2022, the market reacted negatively when Global stocks were simultaneously down bad. Since then, the risk-off sentiment has enveloped the entire financial market with worries about high inflation, which can lead to many consequences that may result in an economic recession. In March of this year, the FED officially announced the first interest rate increase in more than 3 years and offered a prospect of the next 6 increases. Our Research team has compiled and analyzed the market fluctuations in parallel with the release of in-depth commentary on prominent topics. Kyros Ventures and Coin68 would like to present to fellow readers and investors the Q3 2022 Cryptocurrency Market Report. Green sprouts from The Merge, ZK-EVM or the reception of NFT and new cash flow bring hope for the last months of 2022. Ethereum the Merge couldn’t carry the market going through a gray clouded macro environment. The end of the third quarter of 2022 left mixed emotions. The editorial board hopes that the report will become an essential guidance for those who have experienced, are already involved, or are about to participate in the Vietnam crypto journey.ĭive into our detailed report via the official link here Vietnam Cryptocurrency Market Report H1/2023 Meantime, SocialFi shows a lot of room for development.Ībove are just a few valuable insights from the official report. Participation rates in GameFi & NFT have risen.Tether is still leading in the stablecoins, while BNB Chain has lost its throne as the most popular ecosystem.Investing based on peer recommendations is a popular trend in Vietnam, with this ratio being 2.5 times higherthan in the United States.Investor confidence has rebounded, with 70% believing that the downtrend cycle has ended or is about to end.Continuing the tradition of the oldest publications on cryptocurrencies, the research team of Kyros Ventures and Coin68would like to share interesting insights found in this report, featuring Animoca Brands for the first time: ![]()
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