With the announcement of the stimulus cheques, Bitcoin surpassed fifty thousand dollars again. People are anticipating a lot of money coming into the markets, and it might give the crypto space the boost it needs.
Uniswap V3 is coming very soon as well as we have had the price of unitoken on a steady rise, it went up by over 30% this week. It is even getting close to flipping XRP in market capitalization. This could happen in a few days, especially if Uniswap version 3 launches.
The launch of Uniswap version 3 will be good for a lot of smaller altcoins and Ethereum because it will fix some of the gas fee problems.
We are getting very close to a massive altcoin season where we will see many altcoins going aggressively high, and this is because a few major events are coming up; the launch of Uniswap Version 3, PayPal crypto merchant payments, and the stimulus package coming up.
This stimulus package will be the biggest stimulus cheque per person yet, and there are many more people in the crypto space since the first stimulus cheque. A lot more money will be flowing into the crypto space compared to the last stimulus cheques.
JP Morgan sent its private clients a Primer on crypto; this is quite interesting because they usually compare Bitcoin to other major industries. JP Morgan sent a report to its private banking clients to enlighten them on the risks and opportunities associated with investing in cryptocurrency.
They distributed this report to clients of JP Morgan private bank, which required a minimum of $10 million to open an account. All the people receiving this information are whales; they have massive buying pressure, which could help push the price of Bitcoin and cryptocurrency higher.
The co-president stated that the demand for crypto services is not there yet, but it will be at some point.
The report breaks down how Bitcoin could be valued, applying three different metrics; the number of users, the value of gold, and the global money supply.
There is a website where you can feel tweets as an NFT, and Jack Dorsey, the creator of Twitter, is offering to sell the first tweet as an NFT, and the higher bid is currently 2.5 million dollars.
The current NFT trend is suitable for the entire crypto space because it is getting many celebrities and artists to do limited edition NFTs, which is also bringing a lot of attention to the crypto space.
