Happy Friday Zashers, we are excited to announce a new feature, now open to all (no more waitlist)….
Verified HODLs! 👝
In a crypto world full of pump-and-dump scams, rug pulls and influencers shilling coins they don’t hold, finding accurate and reliable information can be hard. This is why we’ve introduced a way to create verified profiles for the first time in crypto investing by connecting your wallet to show REAL holdings, returns and returns and soon, NFTs!
Many social media’s have their own proof of work systems, like Instagram with location tagging, and Strava with proof-of-physical activity through GPS tracking for runs, but until now, there has been no way to “put your money where your mouth is” in the crypto world.
Zash’s wallet connect features allows users to connect 75 different crpyto wallets to the app, showing real portfolio splits under the HODLS section of your profile, building trust between you and your followers. But don’t worry, we never show the monetary value of your portfolio, only percentage splits!
Now that the Zash app is available to everyone, why not connect your wallet and get airdropped your very own Zash NFT! Any feedback? Let us know in our Discord.
(Are you on Android? Coming later in Q1…)
2022 Round-Up 🧞♂️
Struggling to make your mind up about the crypto market this year? We’ve compiled opinions from various sources who believe that the 2022 market is to be bullish, and those who believe it to be bearish 👇
Bullish 🐂
Sven Wenzel, co-founder of Castello Coin, believes blockchain gaming and the Metaverse has only just started its ascendance. “Getting aboard the Metaverse train today with all the connections to other aspects of blockchain evolution will be synonymous to getting aboard the Bitcoin train in its earliest days,” he told Forbes. Since all the major Metaverse tokens run on the Ethereum blockchain, many experts say 2022 could be a bullish year for the world’s second-largest cryptocurrency, Ethereum.
Goldman Sachs analysts Zach Pandl believes Bitcoin will take market share away from gold in 2022, as digital assets become more widely adopted. Around $2.6 trillion worth of gold is currently owned as an investment, compared to Bitcoin’s market capitalisation of $700 billion. If Bitcoin were to grab a 50% share of this market, its price would reach over $100,000.
Bearish 🐻
In the annual Messari report, Ryan Selkis, founder of Messari Crypto believes that although the crypto market is set to be bullish in the long run and the major theme of the report being that Crypto/Web3 is inevitable, 2022 may be the year of the bear for the market. The report predicts a bearish year due to “the tail winds remaining strong and the capital markets flush”.
Opposing Goldman Sachs, some experts believe that the time of Bitcoin has come to an end, with heightened regulatory scrutiny and intense price fluctuations damping bitcoin’s prospects. Carol Alexander, professor of finance at Sussex University, said she expects bitcoin to tank to as low as $10,000 in 2022, thanks to its competitors like Ethereum playing a much larger role in the move to DeFi. Her bearish call hinges on the notion that bitcoin “has no fundamental value” and serves as more of a “toy” than an investment. She also adds that Bitcoin has “no fundamental value” and serves as more of a “toy” than an investment.
Crypto Rumours
The crypto market suffered a price crash this week after minutes revealed the US Federal Reserve could soon start rapidly cutting back its support for the economy, and signalling that interest rates would raise in 2022. This pushed the entire crypto market into a sea of red, with Bitcoin dropping almost 9%!
Elsewhere, Kosovo has banned cryptocurrency mining, in an effort to curb electricity use as it grapples with an energy crisis caused by soaring global prices. What do you think? Should other countries follow and ban mining? Amongst all this, Kazakhstan had it’s internet shut down on Wednesday, and with the Asian nation being the world’s second-largest center for bitcoin mining after the United States, bitcoin’s computational power sank within hours of the outage.
In other news, LinksDAO, a DAO for golf enthusiasts by Mike Dudas, says it raised $10.4 million in 48 hours selling NFTs, with the aim of democratising the country club membership experience. Next, it’s planning to buy a golf course! Is this a great way to allow golf club members more control and better transparency?
Reading List 💡
Tech News 🖥️
Earlier this week, supercar brand Lamborghini teased the launch of an NFT collection on Twitter. Can we look forward to other car brands launching similar collections in future? What car brand would you like to own an NFT of?
The rapper Nas plans to sell two of his recent tracks through Royal, the service he invested in late last year. The platform Royal allows artists to tokenise the sale of the rights to songs, which results in royalties down the line.
Stock Market 📈
On the first day of trading in 2022, Apple’s shares briefly hit a record of $182.88, pushing the tech giant to become the world’s first company with a $3tn (£2.2tn) stock market value. That’s a lot of iPhone’s!
PlayStation cars? Sony has announced plans to enter the car market with a new dedicated mobility company and shown a pair of bespoke EVs at CES 2022 in Las Vegas.
That’s all for now, don’t forget to follow us on Instagram and Twitter!
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See you next week!