President Joe Biden has issued an order that blocks Mineone Partners Ltd., a Chinese-backed cryptocurrency mining company, from owning land near Wyoming’s Francis E. Warren Air Force Base, which is a strategic missile base. This measure requires the divestment of land used for crypto mining and the removal of surveillance-capable equipment, citing national security risks. […]
Bitcoin News
Latam Insights: El Salvador Won’t Sell Its Bitcoin, Bitcoin Spot ETFs Land In Brazil and Peru
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: President Bukele states El Salvador will not sell its bitcoin, Bitcoin ETFs land in Brazil and Peru, and Argentine President Javier Milei aims to criminalize central bank money issuance. El Salvador Won’t Sell […]
Bitcoin News
Crypto Exchange Bitmex Sends Physical Bitcoin to the Moon — Expects to Land on Lunar Surface Next Month
Cryptocurrency derivatives exchange Bitmex is sending a physical bitcoin to the moon. “The bitcoin wallet in the shape of one coin will land on the Moon aboard the Peregrine spacecraft, making this the first financial asset to touch the lunar surface!” Bitmex detailed.
Bitmex Sending Bitcoin to the Moon
Crypto derivatives exchange Bitmex announced Saturday that it is “sending bitcoin to the Moon on January 8 at 02:18 am ET from Cape Canaveral Space Force Station, Florida.”
The announcement details: “The bitcoin wallet in the shape of one coin will land on the Moon aboard the Peregrine spacecraft, making this the first financial asset to touch the lunar surface!” Bitmex added: “After an Earth orbit, Vulcan rocket will launch and place Peregrine-1 on a lunar trajectory outside of the Earth’s atmosphere, where Peregrine-1 will power on and continue to the 7-week of lunar orbit phase.” The crypto exchange continued:
The bitcoin carried on the United Launch Alliance (ULA) Vulcan rocket, and integrated onto Peregrine-1, commercial lunar lander, is scheduled to reach the Moon in late February (tentative arrival date: February 23, 2024).
“The landing of Astrobotics’ Peregrine-1 on February 23 could mark the first Western soft lunar landing since NASA’s Apollo 17 mission in 1972 and the first commercially driven Moon mission,” the crypto exchange noted, adding that the physical bitcoin will remain on the lunar surface with Peregrine.
The crypto firm further detailed: “Bitmex’s physical bitcoin, weighing 43g and loaded with 1 BTC … is amongst the 201 payloads from governments, companies, universities, and NASA’s Commercial Lunar Payload Services initiative to travel to the lunar surface. Engraved with a public address (1MoonBTCixFH3XTrWRCbMpK23o74nQrA1Q) and a private key, this will be the first-ever financial asset sent to the Moon.”
Stephan Lutz, CEO at Bitmex, opined: “The mission is a momentous achievement in space exploration, representing the first step of creating a monetary system for a space economy. Perfectly preserved for future generations, the bitcoin on the Moon is a time capsule that captures one of the most significant human innovations and technological advancements. This decisive leap forward is just the beginning of a new era.”
What do you think about Bitmex sending a physical bitcoin to the moon? Let us know in the comments section below.
How To Buy Metaverse Land And Property | Guide
Welcome to the world of Metaverse land and property investment! This guide provides essential insights into buying and owning digital real estate. From understanding metaverse land value to navigating legalities, we cover all you need to start your journey in the virtual property market.
What Is Metaverse Land
Metaverse land is a revolutionary aspect of digital real estate within virtual worlds. Unlike tangible property, this land exists exclusively in online environments such as Decentraland, a prime example of a thriving metaverse platform. What sets metaverse land apart, and integral to its function and value, is its close relationship with Non-Fungible Tokens (NFTs).
NFTs are critical in defining ownership of metaverse land. When you purchase a plot of land in the metaverse, you’re essentially acquiring an NFT. This NFT is unique, holding specific information about your piece of digital property, such as its coordinates, size, and other distinct characteristics. This uniqueness ensures that every metaverse land parcel is one-of-a-kind, with its ownership securely recorded and verifiable on the blockchain.
The use of NFTs for metaverse land transactions eliminates the risk of duplication or fraud, common concerns in the digital world. This secure framework not only provides peace of mind for buyers and sellers but also enhances the land’s value as a digital asset. Notably, land transactions using NFTs are typically executed with cryptocurrencies, marrying two pivotal aspects of the digital economy.
The phrase “I just bought more land in the metaverse” reflects an emerging trend in digital investment, underscored by the role of NFTs in these transactions. As the metaverse grows, so does the sophistication and appeal of owning NFT-based land, making it a coveted asset in the digital age.
Understanding The Value Of Metaverse Property
Grasping the value of metaverse property requires an appreciation of its unique characteristics. Unlike physical real estate, the worth of metaverse land isn’t based on location in the traditional sense. Instead, it hinges on factors like the popularity of the virtual platform, potential for user engagement, and the digital neighborhood’s growth prospects.
In the metaverse, properties in high-traffic areas, akin to bustling city centers, often hold higher value. These locations, frequented by more users, offer greater visibility and potential for commercial activities. Similarly, proximity to popular virtual landmarks or hubs can significantly boost a property’s value, mirroring the real-world real estate dynamics.
Another key aspect influencing metaverse property value is its potential for customization and development. Unlike physical properties, metaverse land offers limitless possibilities for building and modification without the constraints of physical resources or geography. This freedom allows owners to create unique spaces, from immersive gaming zones to innovative retail outlets, adding to the land’s intrinsic value.
The speculative nature of the metaverse real estate market also plays a crucial role. Much like early investments in emerging neighborhoods, buying property in underdeveloped or new areas of the metaverse can be a gamble with high potential rewards. As the metaverse platform grows and attracts more users, these early investments may see significant appreciation.
How To Buy Land In The Metaverse
Buying land in the metaverse is a process that blends traditional real estate principles with the nuances of digital transactions.
A Step-by-Step Guide: How To Buy Metaverse Land
To start your journey in acquiring virtual property, follow these key steps:
1. Choose A Metaverse Platform: Begin by selecting a metaverse platform like Decentraland or others that offer virtual land. Each platform has unique features and communities.
2. Set Up A Digital Wallet: To buy metaverse land, you’ll need a digital wallet compatible. This wallet will store your digital currency and hold any NFTs representing your land ownership. The most popular option is ConsenSys’ MetaMask.
3. Fund Your Wallet: Purchase a cryptocurrency. Ensure your wallet is sufficiently funded for both the purchase price and any associated transaction fees.
4. Explore Available Properties: Platforms typically have marketplaces or listings showing available land parcels. Spend time exploring different areas and consider factors like location within the metaverse, potential for traffic, and development possibilities.
5. Understand The Pricing: Metaverse land prices can vary widely. Research current market trends, check metaverse land price charts.
6. Make A Purchase: This process often involves bidding in an auction or buying at a set price. The transaction will be recorded on the blockchain, ensuring the security and authenticity of your purchase.
7. Develop Your Land: After purchase, you can start developing your virtual land. The scope of development depends on the platform’s rules and your creativity—from constructing buildings to creating virtual experiences.
8. Stay Informed: The metaverse is rapidly evolving. Keep up with trends, platform updates, and community insights.
Metaverse Land For Sale: How To Find The Best Deals
Finding the best deals when looking for metaverse land involves a blend of market savvy, timely research, and strategic planning. Here’s how to secure valuable virtual property without overpaying:
- Research The Market: Stay informed about the latest trends in metaverse land prices. Regularly check metaverse land price charts and follow news updates to understand market dynamics.
- Identify Emerging Games And Areas: In the metaverse, just like in the physical world, emerging games or areas this metaverse can offer great value. Look for up-and-coming locations within your chosen platform that have potential for growth.
- Monitor Auctions And Listings: Many metaverse platforms conduct land sales through auctions or direct listings. Keep an eye on these, as they often present opportunities to buy land at competitive prices.
- Join Community Forums And Groups: Join forums, social media groups, or Discord channels related to your chosen metaverse. These communities often share insights on land deals and upcoming sales.
- Compare Prices Across Platforms: Don’t limit your search to just one metaverse platform. Different platforms might offer similar land at varying prices. Comparing these can lead to finding a better deal.
- Be Patient And Ready To Act: The best deals in the metaverse often require prompt action. However, patience is key. Wait for the right opportunity but be ready to move quickly when it arises.
- Consider Future Development Potential: Sometimes, the best deal isn’t the cheapest land but the one with the most potential. Evaluate how the land can be used or developed in the future.
“I Just Bought More Land In The Metaverse”
The phrase “I Just Bought More Land In The Metaverse” resonates both as a popular cultural reference and a statement reflecting a growing investment trend in the digital world.
As a cultural reference, this phrase gained fame from a song, embedding itself in popular culture. The song captures the essence of the metaverse’s allure, highlighting the excitement and novelty of owning digital land. Its lyrics and rhythm tap into the futuristic and innovative spirit of the metaverse, making the concept of virtual land ownership more mainstream and relatable.
“I Just Bought More Land In The Metaverse” is a song from an advertisement for Atlas Earth, a game where users buy virtual real estate. The ad gained attention for its catchy tune and the character resembling Derek Anderson, the game’s marketing associate. This song and its ad became a meme, highlighting the growing interest in virtual real estate.
However, Atlas Earth faced scrutiny, with some questioning its legitimacy and criticizing the long time required to earn real money from in-game investments. The game’s concept of turning virtual land into a monetizable asset sparked both interest and controversy in the realm of digital investments.
Technical Hurdles: Buying Land In The Metaverse
Navigating the technical aspects of buying land in the metaverse can be challenging, especially for those new to the concept. Understanding these hurdles is crucial for a smooth transaction and effective management of your digital real estate.
- Cryptocurrency Transactions: Most metaverse platforms require cryptocurrency for purchases. Familiarizing yourself with digital currency, from acquiring to transacting, is essential.
- Digital Wallet Setup: A secure digital wallet is necessary to hold both your cryptocurrency and the NFTs representing your land ownership.
- Blockchain Understanding: A basic understanding of how blockchain technology works and its role in verifying and securing your purchase is vital.
- Platform-Specific Rules: Each metaverse platform has its own set of rules and guidelines for land transactions. Understanding these specifics is key to ensure compliance and avoid potential issues.
- Technical Specifications For Development: Developing your virtual land requires knowledge of the platform’s technical specifications, like 3D modeling and coding, depending on how interactive and complex you want your space to be.
- Market Analysis Skills: Evaluating metaverse land requires understanding virtual real estate market trends and price charts, which can be quite different from traditional real estate.
- Privacy And Security Measures: Ensuring the privacy and security of your transactions and digital property is crucial, given the online nature of these assets.
- Long-Term Viability: Assessing the long-term sustainability and growth potential of the metaverse platform is important for the future value of your investment.
Metaverse Land Price: What You Need to Know
Understanding metaverse land prices is crucial for making informed investment decisions. Here are key factors to consider:
- Platform Popularity: Prices vary across platforms. More popular ones often have higher land values.
- Location In The Metaverse: Just like in the physical world, location matters. Land near popular virtual areas tends to be pricier.
- Market Demand: High demand can drive up prices, especially for land in developing or highly interactive areas.
- Size and Potential For Development: Larger or more versatile plots can command higher prices.
- Economic Dynamics: The virtual economy, including cryptocurrency fluctuations, can impact land values.
- Historical Data: Analyzing past sales and price trends helps gauge future value.
Remember, metaverse land prices are dynamic and influenced by various factors, making thorough research a key component of your investment strategy.
Best Place To Buy Metaverse Land: Top Platforms
When considering where to buy metaverse land, these top platforms stand out:
- OpenSea: A popular marketplace for NFTs, with a wide range of virtual properties across different platforms.
- Decentraland: Known for its user-friendly interface and active community, it’s a popular choice for both beginners and experienced investors.
- The Sandbox: Offers creative freedom for development, attracting artists and developers.
- Axie Infinity: Ideal for those interested in integrating gaming with land ownership.
- Somnium Space: Provides a fully immersive VR experience, appealing to tech enthusiasts.
- Cryptovoxels: A simpler platform, perfect for newcomers to the metaverse.
- Upland: Allows users to buy, sell, and trade virtual properties mapped to real-world addresses.
Each platform caters to different needs and investment styles, making it important to choose one that aligns with your goals.
How Much is Land In The Metaverse?
Determining the cost of land in the metaverse requires considering various factors, including platform, location, size, and demand. Prices can range significantly, with some notable sales reaching substantial amounts.
For instance, in Decentraland, the Fashion Street Estate sold for approximately .42 million, or 618,000 MANA, encompassing 116 land parcels. Another significant sale was in Axie Infinity, where a Genesis Plot sold for around .33 million, or 550 WETH, known for its rarity.
Additionally, in Decentraland, the Hotel Booking Marketplace BookLocal sold a parcel for about .09 million, or 210,000 MANA.
Other notable sales include Land Parcel #4247 in Decentraland, which went for around 4,000, or 1,300,000 MANA, located near key virtual locations like Dragon City, and the Coliseum’s premium NFT asset in Decentraland, acquired for 6,000, or 225,000 MANA tokens. Furthermore, a premium estate in Decentraland was purchased for approximately 9,000, or 759,000 MANA.
These examples show the higher end in pricing and the potential for high-value transactions in the metaverse, influenced by the platform’s popularity, the virtual land’s location, and its potential for development.
Where To Find A Metaverse Land Price Chart?
To find a metaverse land price chart, you can visit several online resources:
- Official Metaverse Platforms: Many platforms like Decentraland or The Sandbox provide price charts and historical data on their websites or user forums.
- Cryptocurrency And NFT Marketplaces: Platforms like OpenSea and NonFungible.com offer detailed analytics and price charts for virtual land and other assets.
- Real Estate Tracking Websites: Websites dedicated to tracking virtual real estate prices, such as DappRadar or Metaverse Property, can be valuable resources.
Metaverse Decentraland
Decentraland is a trailblazer in the metaverse realm, offering a virtual world where users can buy, develop, and engage with digital land. This platform stands out for its use of blockchain technology, enabling users to have true ownership of land as Non-Fungible Tokens (NFTs). This unique feature allows for extensive customization and development of virtual spaces, from building structures to creating interactive experiences.
The popularity of Decentraland stems from its dynamic economy, powered by its native cryptocurrency, MANA. Users engage in various transactions, from land purchases to availing services within its ecosystem. The platform is renowned for its vibrant community and diverse events, ranging from art exhibitions to live concerts, fostering a rich social experience.
Decentraland’s accessibility via web browsers makes it a user-friendly gateway into the metaverse, attracting a wide range of users from casual explorers to serious investors and creators. Its blend of technology, economy, and community engagement positions it as a prominent and influential player in the expanding world of virtual real estate.
Legal And Practical Aspects Of Metaverse Property
Navigating the legal and practical aspects of metaverse property requires a comprehensive understanding of several complex factors. Legally, the ownership of digital land, often tied to Non-Fungible Tokens (NFTs), is governed by the platform’s terms of service and the overarching legal framework surrounding digital assets.
This involves understanding property rights, regulatory compliance across different jurisdictions, and the tax implications of virtual real estate transactions and profits.
Practically, managing metaverse property means adhering to the specific rules and guidelines of the chosen platform. Investors must be aware of potential policy changes that can impact land usage, development possibilities, and value.
Additionally, assessing the long-term sustainability of the platform and the engagement level of its community is crucial for ensuring the enduring value of the investment. As the metaverse evolves, so do the legal and practical landscapes, making ongoing education and adaptability key for anyone involved in this emerging sector.
Can You Buy Property In The Metaverse? Legal Perspectives
Buying property in the metaverse, typically through NFTs, is a legally complex process. Legally, these transactions are recognized as legitimate ownership transfers, recorded on a blockchain. However, the enforceability of property rights in the metaverse is still a grey area, as laws governing digital assets are in their infancy and vary widely between jurisdictions.
The legal status of metaverse property also intersects with intellectual property rights, data privacy, and consumer protection laws. Additionally, there are questions about jurisdiction: which country’s laws apply to transactions and disputes in a global virtual space?
As the metaverse evolves, so too will the legal frameworks governing it, necessitating ongoing vigilance and adaptability from investors and legal professionals. Therefore, it’s advisable for potential buyers to stay abreast of legal developments and consult with experts in digital asset law.
Digital Property Metaverse: Rights And Regulations
In the metaverse, digital property rights and regulations are distinct from those in the physical world. These rights often depend on the specific virtual environment where the property exists. Platforms may have varying policies on how property can be used, altered, or transferred.
Regulations are still being formed, focusing on how virtual property rights are protected and enforced. Key issues include digital ownership validation, conflict resolution in virtual disputes, and data privacy. As the metaverse becomes more integrated with real-world economies and legal systems, these regulations are expected to become more comprehensive, potentially including cross-jurisdictional laws and international agreements.
FAQs: Metaverse Land And Property
Can You Buy Property In The Metaverse?
Yes, you can purchase property in the metaverse, typically as NFTs.
How to Buy Property In The Metaverse?
Select a platform, set up a digital wallet, fund it with cryptocurrency, explore available properties, and then purchase.
Can I Buy Property In The Metaverse?
Yes, anyone with the necessary resources can buy property in the metaverse.
Where To Buy Metaverse Land?
Land can be bought on platforms like Decentraland, The Sandbox, Axie Infinity, or through marketplaces like OpenSea.
How Much Is Land In The Metaverse?
Prices vary greatly, influenced by platform, location, and market demand.
How Much Is Metaverse Land?
The cost can range from modest amounts to millions, depending on various factors.
How Much Does Metaverse Property Cost?
The cost varies widely, depending on the platform, location, size, and other factors.
How Much Does Property Cost In The Metaverse?
Prices can range significantly, with some notable sales reaching into the millions.
How Do You Buy Property In The Metaverse?
Property is purchased through specific platforms or marketplaces using cryptocurrency, with each platform having its own process.
Israel Land Authority Examines Real Estate Tokenization Applications
The Israel Land Authority has called for blockchain experts to determine the different applications of distributed ledger technology in real estate. Implementing this technology could ostensibly present several advantages compared to traditional real estate transactions, which are qualified by Israeli media as being “time-consuming” and having high operational fees.
Israel Examines Blockchain Real Estate Opportunities
Israel is mulling the application of blockchain tech in the real estate sector. According to Israeli media, the national Land Authority has called for blockchain experts to examine the various applications of blockchain in the real estate sector, and how it might benefit from such implementations.
Some of the applications that the Israeli Land Authority believes blockchain tech might expedite include registration of property and license management, selling and purchasing property using smart contracts, and the creation of a blockchain resident national property registry.
Another of the applications could involve the tokenization of real estate properties and the creation of a national exchange where these tokens might be able to be traded, with the royalties associated with the transactions being automatically deducted from every operation. However, a trusted third party would have to certify the operations for real estate market participants to be safe while operating with these technologies.
Tokenization Benefits
The tokenization of real estate assets, according to Israeli media, would be especially significant for the Israeli property market, given that it suffers from a lack of liquidity, time-consuming formalities, and high fees due to the existence of multiple intermediaries.
According to some, tokenization could help alleviate these problems, eliminating intermediaries and reducing fees. Furthermore, tokenization can bring more forms of investment to the market, allowing purchasers to invest in a fraction of a real estate property divided into hundreds of tokens.
On the perceived benefits that tokenization of the real estate market might bring Israel, Fireblocks’ chief of risk and strategy, Roi Karo, stated:
By tokenizing these assets and using blockchain rails, real estate transactions can be nearly instantaneous and can occur directly between two parties anywhere in the world.
Other benefits non-dependent on tokenization could include the ability to certify that a property really belongs to an owner by looking it up on a blockchain-based land registry and making it harder for third parties to make changes. Colombia is developing a similar system that uses the XRP Ledger to issue property documents and authenticate them without involving third parties.
What do you think about the benefits that real estate tokenization might bring Israel? Tell us in the comment section below.
Here’s Where The Price Of LUNC Will Land This August, According To This Algorithm
LUNC’s community has worked continually towards reviving the ecosystem’s native LUNC token. However, recent data from this artificial intelligence (AI) algorithm suggests these efforts might not be enough.
LUNC’s Price Prediction
PricePredictions, a state-of-the-art crypto analysis and forecasting platform, has projected Terra Classic (LUNC) to trade at around .000076 by the end of this month. PricePredictions combines indicators like average true range (ATR), relative strength index (RSI), and moving average convergence divergence (MACD) to make such forecasts.
Suppose this projection is anything to go by, it means LUNC will experience a decrease from its current price by August 31, 2023, with LUNC currently trading at around .000079, according to data from CoinGeko.
While this news is undoubtedly bearish for the LUNC community, there was more to cheer about following Binance removing 1.14 billion tokens from circulation as part of the LUNC burn mechanism. LUNC’s price also surged following this news, although it has since retraced.
While the machine-learning prediction indicates a potential decline in LUNC’s price, it is important to note that the recent price spike following the Binance announcement demonstrates that positive developments can potentially reverse the trend of Terra Classic.
Such events could potentially mean that we could see more uptrend from the token as the community continues to propose solutions that could see regain the confidence of investors and push its once stablecoin USTC to re-peg with the dollar.
USTC Decision Likely To Affect LUNC
Vegas, a member of the LUNC community, had earlier proposed in a tweet that the 0 million USTC tokens linked to the Ozone protocol should be returned to the Terra Classic community pool because of the ineffectiveness of the project and its failure to adhere to the proposed development plan.
Meanwhile, there has been a conflicting proposal from Alex Forshaw, a co-author of the Terra Classic Revival Roadmap, who has proposed that the 0 million USTC tokens be burned instead. He believes that validators and stakers who have a strong influence on the ecosystem will most likely dump their tokens, leading to a further decline in the token’s value.
While whatever proposal the community moves forward with will affect USTC’s price with the hope that it finally reclaims its peg with the US dollar, it will most likely affect LUNC’s price too.
Currently, LUNC’s price is trending at .00007925, down 1.62% in the last 24 hours and 3.08% in the last 7 days. However, this downtrend could quickly reverse if the community is able to figure out a way to re-peg USTC to the US dollar.
Metagalaxy Land Ushers in Advanced Metaverse Experience, Bolstered by Investment from Blockchain Incubator 10SecLabs
PRESS RELEASE. 10SecLabs, a leading force in the blockchain incubation landscape, has taken a significant investment leap into the innovative Metagalaxy Land project. This development comes ahead of Metagalaxy Land’s much-anticipated Metaverse Platform Launch. Set to be a trailblazer in the GameFi and metaverse arenas, Metagalaxy Land states that this investment has catalyzed considerable progress in their project, enabling it to leap forward towards future releases.
Metagalaxy Land’s pre-alpha version, due to launch in early July, promises an exhilarating experience for its users. Assuming the roles of Space Pirates, they’ll explore the ‘Decentralized Planet.’ The adventure involves hunting for Metagalaxy Land points, which are strategically scattered across the map daily. Accumulating these points allows users to scale the leaderboard and reap enticing rewards. Furthermore, while navigating the NFT Exhibition on the Decentralized Planet, users have the ease of accessing the trade page for purchases and attending the Conference for unique events and video presentations.
10SecLabs is renowned for propelling projects into the next phase of their development and daringly exploring uncharted blockchain territories. The team at 10SecLabs have expressed their early recognition of Metagalaxy Land’s immense potential, stating, “We are unwavering in our commitment to nurturing innovative projects that bolster the blockchain ecosystem. Our strategy involves identifying potential in projects and delivering the necessary ignition power through targeted investments. This strategy not only elevates 10SecLabs’ standing in the web3 world but also serves to enrich our portfolio with cutting-edge projects,” reinforcing their intention to make a substantial and lasting impact in the industry.
As the countdown to the pre-alpha metaverse launch begins, both Metagalaxy Land and 10SecLabs are extending an invitation to adventurers, gamers, and blockchain enthusiasts to come explore the metaverse.
About 10SecLabs:
10SecLabs is a preeminent incubator in the blockchain space, renowned for its significant investments in pioneering projects that advance the blockchain ecosystem.
Related Links
Websites
https://10seclabs.com/
https://metagalaxyland.com/ https://nft.metagalaxyland.com/
Social Media
Twitter: https://twitter.com/metagalaxyland
Telegram: https://t.me/metagalaxylandofficial
https://t.me/metagalaxylandofficial
Youtube: https://www.youtube.com/c/MetaGalaxyLand
This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.
President Nayib Bukele Touts El Salvador as the ‘New Land of the Free’ in Vintage Americana Poster Featuring Bitcoin as Legal Tender
President Nayib Bukele is promoting El Salvador as the “new land of the free,” as part of an invitation for foreigners to move to the Latam country. Bukele tweeted a poster in vintage American style that included several advantages that the country brings its citizen, including the adoption of bitcoin as legal tender.
EL Salvador’s ‘New Land of the Free’ Campaign Invites People to Move in With Bitcoin as Legal Tender
President Nayib Bukele is inviting people to move to El Salvador. Bukele posted a poster in vintage American style where he depicts a classic American family in a living room, calling his country “the new land of the free,” a motto usually applicable to the U.S.
The poster serves to exhibit the achievements that, according to him, his government has reached, principally in the security and monetary policy areas. The poster calls for people to move to El Salvador, explaining that there are “no fentanyl crisis,” “no shootings” and “no lootings,” as a product of the tight security measures that the government has taken during 2022 and 2023.
Also, the poster features the adoption of bitcoin as a legal tender, with El Salvador being the first country in the world that presents this option to tourists and residents. Also, president Bukele has made statements about easing the way of migrants by proposing to give Salvadoran citizenship via bitcoin investments.
Achievements Among Criticism
To some, the poster appears to celebrate the new face that Bukele has brought to El Salvador, making a clear comparison to what the U.S. represented back in the sixties. While heavily criticized for possible violations of human rights in its battle against gangs, Bukele has made security a priority in the country. According to reports, El Salvador finished 2022 with its homicide rate plummeting by 56.8%. Also, Bukele celebrated a milestone of 300 days without homicides on February 14.
However, to get to this point, Bukele had to establish an exception state, with curfews for the population while waging an all-out war with the Maras Salvatruchas, the biggest national gang, since March 2022.
In the poster, great weather and beaches are also promoted. Bukele had stated before that the recovery of tourism in the country, one of the fastest in the world after the Covid-19 pandemic, was in part thanks to the inclusion of bitcoin in the economy of the country and also because of surf.
Bukele has also announced significant investments in landmark beaches like El Zonte, known as Bitcoin Beach due to its adoption. In August, the Salvadoran government destined an investment of 3 million to build support infrastructure for the region including a new drainage system, bridges, and bicycle roads.
What do you think about Bukele’s ‘new land of the free’ poster? Tell us in the comments section below.
Toncoin (TON) Sees Positive Moves While Top Coins Land In Red
With the bears controlling the crypto market, many coin prices have gone south, trading at values far below their previous weeks’ prices. The downtrend could be due to increased bearish sentiments and fear among investors in the market.
However, the Toncoin (TON) token has gained slightly today March 9 after days of price decline. The coin saw notable rallies at the beginning of February but lost some cents due to the market-wide bearish sentiment that depressed the prices of top coins like Bitcoin.
As of March 7, Toncoin traded with a 7.83% price decline, according to data from TradingView. Even the technical indicators flagged a sell signal. However, today there have been some signs of recovery as the coin price is up by nearly 1.44% over the past 24 hours. But even though the 24-hour gain is increasing gradually, TON’s monthly gain is notable. Despite the bearish trend, the token has maintained its gains above the February 9 price of .20.
Recent Network Developments Could Be Behind TON’s Attempt To Recover Today
The Ton Starter team, a primary fundraising platform for TON, announced a .5 million seed round on March 7. The Ton network is hitting a milestone in adoption despite the market downturn. Hidden Beyond, an open-world action-adventure game, introduced a hybrid version of Metaverse and GameFi on Ton blockchain.
Hidden Beyond promised to offer endless NFT and token reward minting as players participate in games in the metaverse. The announcement came via TON’s official Twitter account on March 5.
Ton Pay also revealed new utilities to scale TON’s mass adoption. On March 4, it announced a new decentralized non-custodial payment solution for businesses that want to accept TON-powered transactions. These developments must have contributed to TON’s recent push to recover.
At press time, TON has observed a 12.87% increase in 24-hour trading volume, suggesting a growth in on-chain activity, which further confirms our assumption.
TON Price Outlook And Potential Price Actions Over The Next Few Days
TON is trading at .36, with a 1.44% price gain in 24 hours. According to historical data, TON traded at 2.18 on December 31, 2022, before adding some percentages, which brought its price to .31 on January 1. Though the token saw a few fluctuations here and there, it recorded impressive rallies in January and February. From .36 on February 24, TON rallied to .52 on March 1, even while most cryptocurrency prices were in the red.
However, it soon succumbed to the bears, gradually losing its gains until it retraced to .31 on March 7. But today’s slight gains shine a ray of hope that TON might soon recover the losses and resume its rally upward.
Following today’s technical outlook, TON’s classical pivot point (P1) is at .39, with support levels of .36, .34, and .31. TON’s technical resistance levels are .41, .44, and .47. The technical indicators show that current sentiment is neutral, while the Fear and Greed Index reads 44, suggesting fear in the market.
According to Coincodex, Toncoin observed 16 green days in a month, with 3.37% price volatility over the past 30 days. Following Coincodex TON’s price prediction, TON could record a 2.54% price increase on March 10, bringing its price to .44. But Coincodex also predicts that the TON price will drop by 2.53% and reach .32 by March 14, 2023.
LEO Token Posts Positive Moves When Majority Of Coins Land In The Red
The broader cryptocurrency market isn’t performing as expected today, with many assets recording massive price corrections. The LEO Token price is also down at .34 now. The token recorded a 0.4% price decline on Sunday, February 20, and a 0.1% loss on February 20 and 21. The coin has a 1.2% 14-day decline and a 0.9% 7-day price drop.
Historical data shows that LEO price has not deviated much over the past few days from the 2-month high of .99 on December 19, 2022. The asset even recorded a 0.6% gain earlier today before dropping.
However, cryptocurrencies are unpredictable, and the next day might turn out well for LEO. The trends around the token and the analysis below could hint at its price action in the coming days.
Factors Sustaining LEO Token Price
Despite the recent downtrend, LEO Token’s current price was 317.77% higher than its 3-year all-time low of .799859 on December 24, 2019. However, LEO is 58.93% lower than its all-time high of .14 on February 8, 2022.
According to data from CoinGecko, LEO trading volume has observed a 107.50% increase from its past-day value. LEO’s trading volume is now 7,494 against the 2,722 recorded on February 21. The rise in trading volume signifies a recent increase in market activity, the most probable reason for LEO’s price performance.
Secondly, the global cryptocurrency market volume saw a 1.85% increase over the past day, showing a rise in investor activities. Today’s Fear & Greed Index is 59 (greed), a strong indicator of positive crypto market sentiment. It shows that many investors feel good about cryptocurrency and are bullishly buying assets.
According to CoinGecko, the community is bullish, with over 63% of users feeling good about LEO Token today. The bullish investor sentiments could be why LEO still holds its gains despite the downturn.
LEO Token Price Prediction, Will It Beat Bearish Downtrend?
LEO is down in the market today, forming a red candle on the daily chart. It has remained in a sideways trend since February 7, till date, despite mild price fluctuations. LEO is trading below its 50-day and 200-day Simple Moving Averages (SMA), a bearish signal in the short and long term.
Due to the bearish pressure, the SMA’s are moving downwards on the daily chart. LEO’s Relative Strength Index (RSI) is also at 43.69, close to the oversold region of 30. The indicator is pointing downwards, which might translate to further decline.
However, LEO’s Moving Average Convergence/Divergence (MACD) is slightly above the signal line. It indicates a short-term bearish sentiment with the potential of a bullish recovery if the buyers persist.
The support levels are .30, .31, and .35, with the resistance levels at .40, .42, and .46. LEO will likely trade around the .35 support in the short term before it rallies to test the .40 resistance in the coming weeks.