Weekly Summary
- Top ApolloX Gainer: AVAXUSDT (+22.21%)
- Top ApolloX Loser: LRCUSDT (-16.70%)
On the spot market, BTC price has decreased 6.82% from 50,124.38 USD. The trading volume remains at a low level while the long-term support zone is between 41,000 USD to 43,000 USD. The overall Long/Short Ratio last week is in a downtrend, which indicates that investors are currently conservative in the market.
Wanna find more information on the AVAX Boom? Check out our CryptoBites below.
CryptoBites
Investment Talk
- Grayscale’s Third Annual Bitcoin Investor Study demonstrates growth in interest, awareness, and adoption of Bitcoin and the digital currency ecosystem at large. (Learn more)
- AVAX: Bank of America says that Avalanche’s scaling capabilities makes it a credible alternative to Ethereum. (Learn more)
NFTs
- Adidas is launching an NFT collection in collaboration with Bored Ape Yacht Club (BAYC) to kick-start its metaverse strategy. (Learn more)
- Nike acquires a digital art studio focusing on sneaker-themed NFTs and collectibles. (Learn more)
Web3.0
- Grayscale’s report sees $1T market opportunity to bring the metaverse to the mainstream. (Learn more)
- Polygon partners with Reddit co-founder’s VC to launch a $200m initiative aimed at building social media on Web3. (Learn more)
Updates at ApolloX
- Retroactive Mining Program - Qualified users have received email invitations to participate and be rewarded with APX Tokens. (See the list of qualified users here)
- APX Genesis Allocation - APX tokenomics is published on Gitbook. (Read more)
- Draw & Earn Campaign - Rules for reward distribution in this campaign have been changed. (Read more)
- Multi-Assets Mode - You can now trade with USDT or BUSD as margin assets on ApolloX. (Read more)
The Week Ahead
- Earn APX Tokens - Be one of the first to earn APX Tokens when you meet the trading target. (Trade now)
- ApolloX Community Champs - Keen to represent the world’s first CEX-DEX hybrid derivatives exchange and receive exclusive perks? Join us in building the ApolloX community together. (Sign up here)
- Up Next on the ApolloX blog - Read more about the 1,1 to 3,3 phenomenon and learn how to identify legitimate DeFi projects this week. (Visit blog)
Risk Reminder: Crypto trading carries a risk. All trading activities are done at your discretion and at your own risk. The information here should not be regarded as financial or investment advice from ApolloX. ApolloX will not be liable for any loss that might arise from your use of any financial product.
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