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Transcript:
MillionToken whale keeps on selling. Wall St. and cryptocurrencies drop as investors get nervous on the CPI numbers that will be coming out in the next several hours. And Token Metrics discussed Top three hidden projects that you should keep an eye on. Let's get started.
The price of MillionToken fell as low as two dollars and ten cents this week which shows that a few bearish whales are still in control of this ecosystem price action. This token is half a way from its floor of one dollar. And there is so much anticipation on what is going on. But I personally try to stay away from all the controversies and FUD around this situation, but let me know your thoughts down below in the comments section as we approach the anticipated floor price of one dollar. This might be a good thing because it could help reset the ecosystem to be less dramatic and further decentralized compared to its crazy launch date back in July. But let me know your thoughts down below.
And controversy does not stop with MillionToken. There is anticipation around tomorrow’s CPI numbers. If the CPI number remains the same or higher, then that is bad and more than likely the federal reserve may take actions to increase interest rates next week on the fifteenth. If rates are increased by fifty basis points or more then I expect short-covering tomorrow and further downside in cryptocurrencies after next week's Fed cut.
And lastly, Token metrics discussed several web three point O’ projects. They are EarthSixR and Dework. EarthSixR is a distributed housing collective where you can own one home and live flexibly between many places. People are comparing it to AirBnB of web three point O. On the flip side, Dework is like project management for DAOs almost similar to Trello of Web three. For example I can list MillionToken DAO on here and people can compete for bounties on any activities I want done. But let me know what you think about EarthSixR and whether to add that into the MillionToken ecosystem.
And that is all I have for the crypto minute. If you want to find technicals and fundamental data on crypto projects, you can sign up to my Token Metrics Affiliate link. Also liking, subscribing, and sharing this content goes a long way. Have a great day.