Crypto market rises! What will drive the next Web3 bull cycle?
DeFi, NFT's 2.0, Security Tech. How to capitalize on the next big winners.
October was one of the worst months in DeFi, as a handful of DeFi projects were hacked for $100’s of millions in crypto because of improper security in smart contracts. Phishing attacks are also currently on the rise, with many high profile Bored Ape holders losing their NFT’s because of improper security measures and flawed wallet technology.
I’m watching the Privacy Finance (PriFi) sector closely as we get closer to mainstream adoption and further into regulation of cryptocurrency. There’s a lot of great security measure that can be put in place to protect our privacy and help prevent these large DeFi hacks, as well as attacks that siphon cryptocurrency and NFT’s out of your wallet.
While DeFi and NFT’s will be part of the next bull cycle’s narrative, I believe the privacy and security tech below will be absolutely necessary for mainstream adoption to happen.
There’s great promise in projects like Panther Protocol (ZKP) and Partisia Network (MPC). I’ve interviewed both of these projects multiple times and invested in them.
Panther Protocol has launched but early in its development roadmap. The coin is openly trading below private sale price and a good opportunity to consider as it’s backed by some of the strongest founders in crypto. It’s only trading on one exchange and I believe they’re waiting for their staking and launch of the mainnet to coincide with large exchange listings.
Partisia is building a layer 1 network specifically focused on adding security through MPC security technology. MPC stands for Multi-Party-Computation. Partisia is a multi-year project that finished it’s public sale in May 2022, but the token and mainnet have not launched yet, so there is still time to research and get involved. The mainnet is expected to launch in November or up until Q1, likely waiting for good market conditions with their launch as well.
Looking at other great security platforms, I more recently spoke with MPCH Labs which is focused on adding more security into the Web3 space through MPC Tech as well.
You may think MPC is just a function, but it’s much more than that and very important. MPCH Labs just closed a $40M Series A fundraising round funded by some huge backers, so I am paying attention.
I interviewed Miles Parry and Cat Le-Huy from MPCH to understand more about MPC, the best use cases for it, who needs it most in the industry, and how it fits into the larger Web3 picture.
I highly suggest watching it below and learning about the tech before it becomes part of the predominant tech in the industry. Who knows, they may even put out a token in the future as well.
If you’re subscribed to Crypto Coin Show on Youtube you would’ve also seen our interview with the Karate Combat fighting league, the next up-and-coming UFC, already generating $10’s of millions in revenue. We discuss how they’re transitioning to a DAO organization and doing an airdrop of the $KARATE token. Watch the interview to find out how to get the token
Other Crypto News:
Bitcoin back above $20,000!
Rumour of the USA Banning the TikTok app from United States.
Twitter is developing its own wallet with support for crypto deposits and withdrawals.
You can now receive bitcoin instantly via the Lightning Network in CashApp
Elon Musk says he plans to close the $44 Billion Twitter Acquisition on Friday.
$GOOGL Down 6% on earnings report after only earning $69 Billion in Q3 .
Jeff Schumacher of Nax Group states in our latest interview he believes Ethereum will Flip Bitcoin.
UK’s new prime minister appears to be crypto positive, but also is a billionaire who’s a member of the WEF and might not be trustworthy.
Technical Analysis:
$ETH:
Ethereum printed a nice green candle yesterday, gaining 11% in one day and flipping Bullish on the technical analysis indicators on the 12H and 1D charts. This is a great sign for the entire cryptocurrency market.
Traders who have been eyeing specific altcoins setups over the sideways period should revisit those coins and consider making entries (with tighter stop-losses, depending on trading horizons). If Ethereum continues to move up, altcoins will likely rise with it. This sideways market could have very well have been the bottom, although I guarantee it’s not a straight line back up.
$ETH/BTC:
With the rise in crypto prices this week, Ethereum rose twice as much as Bitcoin. The ETH/BTC trading pair now shows a bullish signal on the 1D chart, which means Ethereum could continue to outrise Bitcoin. I expect it to rise back up to the green line and retest the former resistance.
That’s all for this one!
Ashton Addison
-CEO, Crypto Coin Show