Sony Enters Crypto; Market Goes UP

There is enough opportunity for every early - investor in the crypto market regardless of the size of their portfolio or the business model. Seeing the chance to earn big in the market, the technology companies choose to be either crypto-friendly to catch up with the new paradigm.

We have seen lots of technology companies invest in the projects in the early phases. Then, the rules of the game has changed and they became a stakeholder in the growth of the crypto economy with their direct investments with their own brand name.

While the basic form of existence of the companies was limited to establishing partnerships or providing external support, such as Google or Microsoft technology integration or collaborations with metaverse projects like Adidas did, now the regulations made it possible for giants to do their business on blockchains.

The regulations' immediate impact can be witnessed on the operations of centralized exchanges. As the laws and expectations are getting clearer, it is time for service providers to reserve their place in the ecosystem.

Sony Exchange will be established in Japan. It is expected to be launched before 2025.

The Asian market has a huge potential to bring fortune to successful crypto exchanges. Considering the current state of Play Stations and the popularity of this product, Sony has already proven its technological advancement. Imagine that the Play Stations will offer blockchain-based projects that tokenize your earnings and assets in the future 🔥

The arrival of tech - giants in crypto will also hamper the fraud meme projects getting listed and dumped on naive investors.

Sadly, the market is driven by the pump and dump trend and this inevitably causes strong projects to lose their volume and liquidity against these projects. As an example of what crypto suffers from, Roaring Kitty, a crypto influencer, owned about 7% of shares of a project of which the price was manipulated with speculative actions.

The SEC investigates the abnormal marketing strategies and the trades behind CHEWY. According to recent data, Roaring Kitty owns 9 million shares of it.

Although the manipulations are hard to control, the potential of crypto is non-negligible. Even the presidential election in the U.S. is under the influence of the crypto-friendliness of Trump. Trump reiceved crypto donations and the way he represents himself as "crypto president" is likely to bring him the chair in the White House!

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