Vanessa from buildbee here, ready to bring all the hot gossip from the crypto streets right to your mail! Sit back, relax, and grab some popcorn because this one’s a doozy.
The market growth might be a facade. 🥱
Good news from Polygon! 🥳
A coin that’s actually going to the moon 🚀
Is the BTC surge a hoax?
Just like me, I’m sure you were surprised by the recent growth of crypto assets. Now, I’m not one to be a buzzkill, but we have to get down to the facts to understand if this is a bull run or a bull trap [when an asset grows very quickly only to reverse just as quickly].
One thing that could point to the latter is the possibility of a future recession which several experts believe the U.S. is yet to see the worst of. Here are more indicators siding with this fact:
Major banks are currently preparing for a harder blow to the economy.
The World Bank predicts the highest risk of recession in 2023.
The International Monetary Fund (IMF) also expects to enter a recession in 2023.
Economists at the World Economic Forum (WEF) predict a gloomy macroeconomic outlook and a global recession for 2023.
Friend, the point is, you can never really say with this industry. Just like a winning streak doesn’t automatically make you a genius trader, a three-week bullish chart doesn’t automatically indicate a bull run. Don’t give in to FOMO!
Polygon is making some hard changes
The Polygon Network is making some hard fork upgrades. This involves changing the network’s protocol, thereby requiring all users and nodes to match up with the recent updates. This will include reduced gas spikes (from 12.5% to 6.25%) and improving the network’s organization issues.
With the recent news, the MATIC token is resting nicely, just above $1, up by 24.11% over the last 30 days! Furthermore, on January 17, Polygon once again became the most used smart contract among the top 100 ETH whales in 24 hours.
The streets of Reddit are already buzzing with anticipation about the upcoming changes, while several analysts have laid their predictions for MATIC’s value this year, with the highest being up to $5.74!
Not everyone is staying so positive, however, as others expect the hype to drop when Ethereum comes through with its own improvements. How about you, friend? Are you BULLISH on Polygon (MATIC)? Let me know by dropping your comments! 📈
The SpaceChain token might be your next big investment
SpaceChain was launched in 2017 as a community-based platform that seeks to combine space with decentralized blockchain technology. Its native token, SpaceChain (SPC), appeared on Google Trends today, with specialists previously noting its high volatility. This was most likely caused by the recent Twitter discussions concerning the decentralization of the satellite network and the recent mission to ISS (International Space Station).
If SpaceChain remains on course, the space node on the ISS will process blockchain and send digital assets from space! The company already showed this feat possible back in June 2021 by installing the first-ever Bitcoin and Ethereum node on ISS. SPX is currently valued at $0.008232, up by 37.52% from the day before and +63.92% within the last week.
So is SPC a worthy investment? Well, if you have a wild side and don’t mind a bit of volatility, then you may want to consider it after doing some more research. In any case, the value proposition of this token is unlike any other, and I’m hopeful to see more “out of this world” innovations from SpaceChain! 🚀
That’s all the news for today, pal! I hope you enjoyed the run-down enough to share with your friends! See you tomorrow with more tips to help you make it with crypto 🔥