If you are following the market then you might be amazed by the current market movement as well. When I say that I talk about Bitcoin and Ethereum as they both are the one who jumped insanely in last two days itself. Bitcoin showed a move prior to Ethereum as we saw it climbing from 61k to 66k and then it broke that mark of 66-67k and climbed above the 70k mark where it just landed before the 72k. For Ethereum we were not seeing any big moves for quite some time but with this move of bitcoin Eth also made a massive move.
We saw Ethereum pumping by more than 20% in a single day which is not a joke. From $3000 to $3800 Eth shocked everyone as no one was expecting that move by the second champ of crypto market. If you will ask me the reason then I can simply tell you that this is all because of the importance of next two days where we will get to know the decision of SEC on the proposals of Eth Spot ETF's.
Few days back in a blog I read how everyone was already living with the sentiment that the ETF's will not be approved and I also saw how firms made some changes in the ETF's proposal so that they will not face issues with the approvals on 23rd May. One of those big changes were removing the staking option from the proposal, I would suggest you to go to decrypt and see their publications for more info about the same.
Now concluding the blog, we can say that within next 48 hours where we will get the decision of Ethereum spot ETF makes it a really important time for the market. Specially for the ETH and alts as this decision will impact these two markets only. Bitcoin should not be impacted as it has no reason and we have not seen it's dominance struggling anymore.
Yes as there are now speculations that the ETF's might get approved we can see ETH outperforming bitcoin and if that really happens on 23rd May then we will witness the short term mega bullish moves by Ethereum and the L2's of Ethereum for sure. I think ETF's will get approved but only time will tell if that is going to happen or not.
GAMES I PLAY ON HIVE BLOCKCHAIN
Golem Overlord - Join here
Golem Overlord
Golem Overlord is also one of the best games built on Hive blockchain. It was the game that gave tremendous return to it's player who joined in early. One of my friend suggested me this game two months back and that was the time when i started playing it.
Golem Overlord is a little bit similar to Terracore but both have their own selling point as well. In Terracore you have planets and Terracore is a old game that is why the development there is more compared to Golem Overlord.
But we are seeing regular updates from Golem Overlord and the team is making sure to bring in new features for the players. This is one pf the reasons why i can recommend Golem overlord to anyone reading this blog.
Crypto-Shots
If you have played PUBG then you will know what is team death match, this game has that game mode for now where two teams starts again each other and the team with most number of kills win the match. Your rewards are also based on your kill to die ratio. If your KD was 20 then you will be awarded with 20 Doom tokens at the end of the game.
So the feeling of playing COD or Pubg can now be enjoyed on hive blockchain as well. Feel free to join it as well and i gaurantee you that you will not regret joining this game. See you on the other side of this blog.
Thank You.