![]() These Sandbox metaverses utilizes NFTs and in-game digital currencies, such as its native SAND token - to house ecosystems in which users can buy, sell, trade and engage with virtual assets. While its competitors include Decentraland and Yuga Lab’s Ape-themed world, Otherwise, the Sandbox easily outstrips them in terms of graphics, playability and functionality. ![]() The Sandbox is easily the most promising and currently undervalued metaverse project around. Market Cap: $2 billion (AU$2.94 billion) – #38 overall Price at the time of writing: $1.39 (AU$2.04) “This is a virtuous circle for bulls,” Hayes concludes. “If the merge is successful… traders will buy ETH today, knowing that the higher the price goes, the more the network will be used and the more deflationary it will become, driving the price higher, causing the network to be used more, and so on and so forth,” he explained. In a blog post titled “ ETH-Flexive”, Hayes outlines his reasoning for why he believes the price of Ethereum will surge post-Merge. Its price has since declined but the Merge upgrade, scheduled for September 15 is still sparking a bunch of excitement throughout the broader crypto market.įormer BitMEX CEO Arthur Hayes, predicts that Ethereum will more than double in value from here to reach a $5000 valuation by May next year, following on from a successful Merge. Last month, Ethereum (ETH) went on a face-melting rally and left every other major league crypto asset in the dust - surging more than 60%. Market Cap: $285.7 billion ($419.5billion AUD) – #2 overall Price at the time of writing: $2,339 (AU$3,434) These events set a concerning precedent for privacy in the space and cast a shadow of doubt on the future of development for coders working in the blockchain industry.Īs usual, there was never a boring day in crypto, and while the market declined overall, the general sentiment throughout the crypto market is one of excitement, making it a little easier to share some positive predictions for the coming month of September. Then, in less-fun news, the cryptosphere watched on in horror as Tornado Cash was blacklisted by the US and the guy responsible for writing its code, Alexey Perstev was jailed. ![]() Ethereum’s native token Ether (ETH) will definitely be one to watch this month… The Merge will see the Ethereum network become faster, massively increase its transaction capacity and slash its overall energy consumption 99.95%. So, what were the most notable events in the wild world of crypto and what should be keeping an eye on this month?įor starters, the crypto industry collectively freaked out about the Merge - Ethereum’s upcoming upgrade that’s scheduled for September 15. The stock market followed a similar trend, however retained more overall value, only down 3% for the month. August proved an interesting month for digital assets, but ultimately the crypto market lost ground, with the total crypto market cap closing the month down 9.3% from where it began on August 1.
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