Blockchain Market Updates

I am adapting to a new job recently, so I did not publish anything last week. Sorry for that. The content and length of my article are also adjusting. But if you have read my articles before, you should be able to escape from the January slump of Crypto.

News:

News about Avalanche:
AAM Platypus Finance has launched a new Beta application for users to sway between stablecoins. Other benefits of Platypus Finance App include unilateral liquidity provision, a single-variant slippage function for lower slippage, stablecoins liquidity mining (USDT.e, USDC.e, DAI.e, and MIM.).

Someone's Avalanche web wallet was hacked.

News about Cosmos:
NA.

News about GamesFi, NFT, Metaverse:
CoinQuora believes that there are three challenges that GameFi industry is facing, namely, creating value for players, user experience and seamless gameplay, and the broader market trend of cryptocurrencies.

South Korea Presidential candidate Lee Jae-myung is planning to use NFT to raise funds for his presidential campaign in order to appeal the millennials.

Shanghai has decided to include the development of the metaverse, blockchain technology, sensors, and real-time interactions into its five-year plan.

Cryptocurrencies Market Analysis:

BTC
Price: 43233 (23:18 UTC+8)
Last Analysis Review: Correct
This Week’s Analysis: The downtrend is ongoing but the downward momentum is weaker. 39650 should be a critical support.
Trade Direction: NA
Graphic Trend: 2.5/7
Indicator: 2/7
Market Environment: 2.5/7
Price Position: 3.5/7
Overall Ranking (Long Side): 2.625/7