INFLATION AND MARKET ANALYSIS

We did experience a mild market dip today with Bitcoin and Ethereum down by over 5%. ADA was down by about 4% while XRP was up by 6%.

One thing we have noticed is that whenever the market is in the red, do whatever reason XRP will be in the green. It might just be a mere coincidence as this has happened in the last four dips.

The FED released information about inflation rates and it turns out that next year will not be that bad for inflation based on their prediction. The high prediction is slightly under three percent, which is not that bad. It is not hyperinflation the way a lot of people think but there is a possibility that inflation rates will be worse in the coming years after that as it will take time for inflation to play out.

Turns out that Bitcoin searches in Turkey spiked by 566% after the Turkish Lira, their fiat currency, dropped by 14%. Turkey is currently experiencing slight hyperinflation, 14% in a short period is quite absurd and nothing like that will happen in the United States because they have all that under control.

Nonetheless, inflation is occurring every year, and cryptocurrency is a hedge against inflation. Some people may be selling because they are gradually beginning to realize that inflation is not going to be as bad as expected and they do not want to hold money in cryptocurrency as a hedge against inflation.

The government has printed over 25% of Fiat currency in circulation over the last year alone and that is surely going to cause higher inflation and it.

Around this time last year, Bitcoin was barely around three to five thousand dollars and now it is over fifty thousand dollars and holding and many will many people have already predicted that it will go to a hundred and a hundred and fifty thousand dollars per coin.

Cryptocurrencies are deflationary when Fiat currencies are inflationary. As they continue to print more, it inflates the purchasing power of the same amount of money going down.

Uniswap released this new video which we believe is a sign that Uniswap Version 3 is very close to launching. This video is 45 seconds and it is a teaser of Uniswap Version 3. The full video is available on their Twitter page.