Apr 7, 2023 at 07:54Contents
Coinbase released a study that sheds light on the Fed’s future actions as well as investor mood. In particular, there is a suggestion that there will only be one rate hike in 2023, and investors have begun to switch from stablecoin to BTC and altcoins. Meanwhile, Trust Wallet and MetaMask have released innovative updates. Read more about this and other news from the crypto world that deserves attention below.
Macroeconomics from a Coinbase study
The main conclusions from a new Coinbase Insto study:
- On the macroeconomic front, the end of the Fed’s tightening cycle is near — a move that should be very positive for risky assets.
- It is highly likely that there will only be one interest rate hike in 2023. An abnormally rapid rate hike could be replaced by an equally rapid rate cut.
- We are already seeing increased risk appetite in the cryptocurrency markets; we can see that investors are switching from stablecoins to BTC and other tokens. Stablecoin’s market share has fallen from 14.5% to 11.2% in the past three to four weeks.
- In addition to the wave of capital flowing into BTC and ETH, we are starting to see interest in altcoins.
- Coinbase itself is planning to enter the international transfer market, trying not to depend solely on the U.S. market.
What is real inflation in the United States?
Dynamics of the value of the U.S. dollar in gold, 1840-2020:
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The vertical line is the mass of gold in ounces that could be purchased for $1. In 1933, the U.S. abolished the gold standard.
Trust Wallet and MetaMask have updates!
One of the most popular crypto wallets has announced some interesting innovations:
- Trust Wallet is adding crypto to fiat exchanging right in the app. For this, Trust Wallet teams up with Ramp and MoonPay to provide the conversion.
- To improve usability, Trust Wallet has added an encrypted Safety Snapshot cloud backup feature. This new feature will allow you to restore the wallet in the event of the loss of the seed phrase.
- MetaMask Wallet launches an experimental fraud alert function, trying to automatically detect a dangerous situation for the user.
- MetaMask recently added support for NFT, so life just got easier!
Don’t miss a good trade
In March 2023, the Shiba Inu network saw the highest unique address activity of the last year. In recent weeks, events have been happening that allow you to make money on the pumps of this meme coin, and here’s a new opportunity.
Shiba Inu meta-universe advisor Marcie Jastrow assured the community that the “SHIB: The Metaverse team” will provide feedback on the progress of the meta-universe project in a week. There are hints of good news, so we can well expect an opportunity to successfully speculate on the price of this asset soon.
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