• A survey by financial advisory firm deVere Group found that 82% of wealthy clients have considered investing in digital assets like Bitcoin [BTC] in 2022.
• Despite 2018 being a tough year for cryptocurrencies, a new survey by financial advisory firm deVere Group found that 82% of wealthy clients have considered investing in digital assets like Bitcoin (BTC) in 2022.
• A 2020 study from deVere found that 73% of the 700 surveyed high net worth (HNW) individuals either already own or are looking to invest in cryptocurrencies before the end of 2022.

The deVere Group, a financial advisory firm, recently released a survey that revealed an increasing interest in digital asset investments among wealthy clients. The survey, which was conducted in 2022, revealed that 82% of the company’s high net worth (HNW) clients who had between $1.2 million and $6.1 million in investable assets had thought about investing in digital assets like Bitcoin.

Despite the year 2018 being a tough one for cryptocurrencies, the survey has revealed a rising interest in such investments among millionaires. This could be attributed to the key characteristics of such investments, which are digital, global, borderless, decentralized, and tamper-proof. This is especially true since big financial firms like Fidelity, BlackRock, and JPMorgan have been providing their clients with crypto services.

Another survey conducted by the deVere Group in 2019 also revealed that 68% of global HNW individuals were already invested or planning to invest in crypto by the end of 2022. Similarly, a 2020 study from deVere found that 73% of the 700 surveyed HNW individuals either already own or are looking to invest in cryptocurrencies before the end of 2022.

Moreover, a PwC analysis from June 2022 revealed that about one-third of the 89 traditional hedge funds questioned were already investing in digital assets like bitcoin. With the changing circumstances, it is expected that the “crypto winter” of 2022 will soon thaw.

Nigel Green, CEO, and founder of deVere Group sees this as a positive sign for the sector and expects more HNW individuals to invest in digital assets like Bitcoin in the near future. He believes that the key characteristics of such investments are enough to attract more investors into the sector.

• Retail investors‘ interest in Bitcoin increased, with 17.1% of the total circulating supply held by them at press time.
• The number of investors in profit also increased, with 92% of short-term holders in profit.
• Exchange reserves continued to decline and the number of active addresses on the Bitcoin network decreased by 27.64%.

The recent events in the crypto market have seen an increase in the interest of retail investors in Bitcoin. According to Glassnode, at press time 17.1% of the total circulating supply was held by retail investors, representing a 4.4% increase over the past eight months. This is a positive sign for the decentralization of the Bitcoin network, as it suggests that it is not as tightly controlled by large “whale” investors.

As well as the growth in retail investors, the number of investors in profit has also seen an uptick. Data collected by Glassnode shows that the percentage of short-term holders in profit has reached 92%. This has caused some concern, however, as it could lead to increased selling pressure on Bitcoin as some of these holders may choose to cash out for a profit.

The exchange reserve is an important indicator of selling pressure and it has seen a decline, according to data from CryptoQuant. This indicates that the selling pressure may not have increased yet. Additionally, the number of active addresses on the Bitcoin network decreased by 27.64% in the last 24 hours, which could be a sign of trouble for BTC in the near future.

Overall, the increasing interest from retail investors in Bitcoin is a positive sign for the decentralization of the Bitcoin network. However, the potential for increased selling pressure due to the rising number of investors in profit and the decreasing number of active addresses is something to bear in mind.

• Investors had a good time last week as Avalanche’s (AVAX) price went up by over 35%.
• AVAX’s TVL went up by over 4% during the last week, while active addresses and transaction count declined by 9% and 27%, respectively.
• Avalanche announced that it would support the stablecoin USP created by Platypus DeFi, which could increase demand for AVAX in the coming months.

The crypto market was in for a treat last week as Avalanche (AVAX) rallied by over 35%. Investors had a great time as the coin gained in value and attracted attention from the derivatives market. To understand the situation better, Avalanche released its weekly report, highlighting the most notable metrics from the past seven days.

The total value locked (TVL) in the Avalanche network went up by over 4%, reaching $842.7 million. Wonderland, SWAPSICLE, RiskHarbon, and PinkSale were the top TVL gainers last week. However, though the TVL and market capitalization registered upticks, AVAX’s active addresses and transaction count declined by over 9% and 27%, respectively.

AVAX Daily also revealed the weekly stats for Avalanche’s C-chain. According to the data, gas consumption increased, but total transactions decreased by 33%. This could be due to the increased fees associated with transactions on the Avalanche network.

In addition to the above metrics, Avalanche announced another major update. The blockchain officially confirmed that it would support the stablecoin USP created by Platypus DeFi. The introduction of the stablecoin could help to increase the network’s offerings, which could lead to increased demand for AVAX in the coming months.

Overall, it was a promising week for Avalanche as the coin registered an impressive uptrend in price and TVL, as well as an upcoming support for a new stablecoin. With the increased market activity and the potential for further growth, it will be exciting to see what the future holds for Avalanche.

• Cardano [ADA]’s native token is experiencing price oscillations, indicative of the overall market trend.
• Whale transactions and volume metrics have seen a recent surge, with the volume reaching a billion on 9 January.
• The surge in price may be attributed to the general market trend, as well as the announcement of a hospital launch planned for summer 2023.

Cardano [ADA] has been experiencing significant price oscillations over the past few months, indicative of the overall market trend and the sentiment around the coin. Recently, the native token of the platform has seen an upswing in price, which may be attributed to several factors.

Whale transactions, which refer to large transactions from a single wallet, have seen an increase in recent weeks. According to data from Santiment, the volume of ADA reached approximately 1 billion on 9 January. This marks the highest volume seen in ADA since November 2022. At the time of writing, the volume was still higher than what was observed in December 2022.

The surge in price and volume may be attributed to the general market trend, which was spurred by the Bitcoin rally. Furthermore, the announcement of a hospital launch planned for summer 2023 may have been another factor contributing to the current upswing of the asset. Charles Hoskinson, the CEO of Cardano, announced the launch via a tweet, thereby generating more interest in the token.

Overall, the current rally of Cardano [ADA] is indicative of the overall market trend. However, the RSI metric indicates that a possible price reversal may be experienced soon. It remains to be seen if the upswing is sustainable and what the long-term price predictions of the asset will be.

• Bitcoin [BTC] holders might face a tough year in 2023 as negative sentiment continues to trail the king coin.
• CryptoQuant analyst Gigisulivan assessed BTC’s Stock to Flow Reversion and opined that BTC’s price might dip further below the $16,700 price mark at some point in the current bear market.
• CryptoQuant analyst Yonsei_dent found that negative sentiment continued to grow as the long-term holders of Bitcoin intensified their coin distribution.

The future of Bitcoin’s [BTC] price in 2023 remains uncertain as traders and investors attempt to navigate the current bear market. Trading at $16,941.08 at press time, the BTC traded within the $16,500 and $16,900 since last December, per data from CoinMarketCap. Read Bitcoin’s [BTC] Price Prediction 2023-24

The CryptoQuant analysts had an assessment of two on-chain metrics, the Stock to Flow Reversion and the Support Adjusted Dormancy indicator, to determine the future price of the king coin. Gigisulivan predicted that BTC might attempt to trade in the $20,000 to $22,000 price range following the release of favorable Consumer Price Index data (CPI) next week. However, this suggested that BTC holders should not expect much, the analyst concluded by adding that, „Just a thought, considering 2023 could be worse than 2022 once we know what sort of recession we are getting.“

Yonsei_dent noted that the Support Adjusted Dormancy indicator has been on an uptrend since the middle of December which signals a negative sentiment among Bitcoin’s long-term holders. This could be an indication that they are attempting to sell off their coins to hedge against further losses on their investments. This could have an effect on the overall price of Bitcoin as the selling of coins can cause the price to drop.

The negative sentiment surrounding Bitcoin has been lingering since the collapse of FTX exchange in the summer of 2020. This has caused many BTC holders to fail to see profits on their investments since then. The uncertainty of the future of Bitcoin’s price in the bear market has made it difficult for traders and investors to make decisions on whether to hold on to their coins or sell them off.

Despite the negative sentiment, there is still hope for Bitcoin investors. If the Consumer Price Index data is released favorable next week, the price of Bitcoin could go up again. However, it is important to remember that the future of Bitcoin’s price in 2023 is still uncertain and traders and investors should be cautious when making decisions.

• YES WORLD Climate Tech Pte Ltd has launched the world’s first Energy Efficient Windows Solution for home and commercial buildings as part of their SAVE EARTH MISSION.
• The energy-efficient glass product line blocks 85% solar radiant heat, blocks 92% of UV rays, provides daytime privacy and prevents glare issues.
• YES WORLD is also working on Carbon emission data analytics and a tokenization service for carbon offsets to reduce the global warming crisis.

YES WORLD Climate Tech Pte Ltd has proudly unveiled the world’s first Energy Efficient Windows Solution for both home and commercial buildings in a bid to reduce the carbon footprint from the atmosphere and combat global warming. The specialized glass solution is the cornerstone of YES WORLD’s SAVE EARTH MISSION, which is dedicated to generate awareness around climate change and global warming.

The energy-efficient glass product line includes double pane glass and sandwich glass that features a layer of patented material which reflects 85% solar radiant heat and blocks 92% of UV rays from entering the building. This ingenious glass solution is transparent, allowing natural light to enter the building, while at the same time reducing the energy consumption in terms of HVAC load and lowering the greenhouse effect within the building. Additionally, the specialized glass also provides daytime privacy through its one-way vision design and prevents glare issues for sensitive eyes.

YES WORLD is one of the few companies in the world that have tangible offerings towards the solution to the global warming crisis. In addition to their energy-efficient windows solution, YES WORLD is also working on Carbon emission data analytics and a tokenization service for carbon offsets, called YES WORLD TOKEN. This is a powerful mechanism to create a strong community working towards meaningful change to save our planet.

The launch of YES WORLD’s Energy Efficient Windows Solution has been highly anticipated and welcomed by the global climate change community. This revolutionary product line will not only reduce the radiant heat entering the building, but also prevent fading and sun damage, providing a much-needed solution to the global warming crisis.

• Fantom has passed a governance proposal to set up gas monetization for dApps on its network.
• This will help to increase the network’s revenue and incentivize developers to build on the network.
• The proposal was passed with 99.8% voting in favor, indicating strong support for the initiative.

Fantom, a layer-1 open-source smart contract platform, recently announced that it had passed a governance proposal to set up gas monetization for decentralized applications (dApps) on its network. This move is set to help increase the revenue of the network, while also incentivizing developers to build on the Fantom network.

The proposal was put to a vote by the Fantom Foundation, with 55.9% of the community voting in favor of the initiative. The result showed that 99.8% of voters were in favor of the proposal, compared to the 0.1% who were against the motion. This overwhelming support for the proposal is a testament to the strong backing of the Fantom community.

The monetization of gas fees will not only help to increase the revenue of the network, but it will also reward developers who create high-quality dApps on the platform. The monetization model is similar to the one used in web2 for affiliate incentives, and Fantom hopes that this will be a powerful tool for attracting and retaining quality developers.

Andre Cronje, the co-founder of Fantom, has also recently revealed the project’s plans for 2023. The success of these plans may depend on the metrics of the project, and the monetization of gas fees is an important step towards achieving these goals.

This latest development is another example of Fantom’s commitment to enhancing the utility of its network and creating a thriving ecosystem for developers. With the help of its passionate community, Fantom is sure to continue to make progress towards its 2023 roadmap.

• Otherdeeds for Otherside NFT collection collected the most revenue through royalties.
• Other NFT collections such as BAYC and MAYC also saw growth in terms of revenue.
• The increasing popularity of these NFT collections had a positive effect on the APE token.

ApeCoin, the world’s first NFT-based cryptocurrency, has seen a surge of activity over the past few months. This activity is mainly due to the increasing popularity of NFTs and their associated collections, such as Otherdeeds for Otherside from the Yuga Labs cohort.

The Otherdeeds collection, which focuses on digital art, gaming, and collectibles, collected an impressive $49.9 million in royalties over the course of the year, making it the most profitable NFT collection of the year. Other NFT collections, such as BAYC [Bored Ape Yacht Club] and MAYC [Mutant Ape Yacht Club], under Yuga Labs, also showed growth in this aspect. BAYC and MAYC collected $32.3 million and $25.6 million in revenue, respectively.

This increase in sales was largely due to the floor prices of both collections. According to data provided by NFT GO, the floor prices of both BAYC and MAYC grew over the past 30 days. Over the previous month, the floor price for BAYC climbed by 9.76%. The floor price of MAYC also increased by 27.71% during that time.

In addition to the increase in revenue, these collections also saw improvements in terms of volume and sales. According to data provided by Dapp Radar, the volume of the Otherdeed collection increased by 42.9% over the last 30 days. The number of sales made by the NFT also increased by 118% during the same period.

The increasing popularity of these NFT collections ended up having a favorable effect on the APE token. Whales began to show increased interest in the APE token over the last month, with the price of the token increasing by 11.6% in the last 30 days. This surge in the token’s price is largely due to the increased attention and investment in NFTs, which has resulted in more people buying APE and investing in the NFT-based cryptocurrency.

All in all, the growing popularity of NFTs and the associated collections has had a positive effect on ApeCoin. With more people buying APE and investing in the NFT-based cryptocurrency, the future looks bright for ApeCoin and its investors.

• Core Scientific has shut down 37,000 mining rigs that were hosted for Celsius, leading to a jump in the share price of the Bitcoin miner by 81%.
• Core Scientific had to take the decision as they were losing out on $2 million per month in hosting the rigs.
• The decision is expected to ease the financial burden of the company by bringing in an additional $2 million per month in revenue.

Core Scientific, the Bitcoin miner, has made a drastic decision to rearrange their operations in order to ease the pressure on their finances. On 3 January, the company decided to shut down 37,000 mining rigs that were being hosted for Celsius. This move comes a week after the miner had moved court on 28 December 2022 to reject the contracts signed with Celsius‘ mining arm.

The move is expected to provide a much-needed financial boost to the company as it was unable to shoulder the burden of Celsius‘ unpaid power costs. It was estimated that the hosting of the rigs was costing the miner around $2 million per month. This led to the filing of a revised version of a proposed order in the U.S Bankruptcy Court for the Southern District of Texas, where Celsius Network agreed to let Core Scientific shut down the rigs.

The decision is expected to generate $2 million per month in revenue for the Bitcoin miner. This figure was derived by taking into account the revenue that another client could bring in, or by using the space for hosting its own machines. This could potentially ease the financial burden of the miner, who was losing out on $28,000 in power costs daily.

The news of this decision has had a positive effect on the share price of the Bitcoin miner, as it has jumped over 81%. This is despite the fact that 2022 was a rough year for Bitcoin mining. Rising energy costs, paired with a massive drop in the price of Bitcoin, had left many miners struggling.

Core Scientific’s decision to shut down the rigs could be a much-needed lifeline for the company. It remains to be seen if the move will be enough to help the miner weather the storm, or if they will have to make further changes in order to stay afloat.