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New competitors in the mainstream markets
It's incredible how two sectors of our economies that have been so dominant for decades, has been there even after so many discoveries and inventions that could have changed the game, those are energy, specially for transportation, and medicine. Curious to see how both are affected by petrol. This makes more interesting how electric and portable devices are conquering spaces and changing the markets.
For the crypto this means our digital assets are now more trusted and we can leverage the digitization of everything. The conversation has turned more serious and into different realm, no longer disregarding crypto as a medium of exchange but accepting it is and nor figuring out how can it enter the mainstream markets and be regulated while maintaining its censorship resistance.
The area of medicine has been shaken in the last few years. After COVID, there is a lot of repercussion in people's health, habits, budget, and has created fear of going to the doctor and the necessity to keep track of our own health. This is where the improvements of tech step in: keeping and eye on our vitals just by wearing a ring is possible with Oura Smart Ring. It´s an innovation that seamlessly merges technology and wellness. It provides important insights by measuring stress resilience and monitoring onces vitals, and giving the ability of sharing this data with doctors, caregivers, and who the user chose. It has a cost above $300 and a $75 anual subscription for all the analytics.
The pandemic not only created problems, but opened our eyes to how much damage the human transportation cause to the environment, since a few months of no cars circulating helped recover flora and fauna around the world. That is why now the Electric vehicle market is getting more investors and players. Dodge has introduced the electric car Charger Daytona SRT EV. This was received with openness and questioning from their fans. The car combines the environment friendly tech with the feeling of a tradicional driving experience.
But with electric cars hitting the roads, we need charger stations, just like gas stations are everywhere and dominate the long roads, now the electric charging stations need to increase, and improve, so Depot charging is the option. The aim is that the used load stops being alternating current and becomes direct current. The effect it would generate would be a faster charging speed and efficiency.
Let's take a look now to Bitcoin. Yes, we know the Bitcoin ETF is already past news, but its effect could be different than what was expected. We were looking forward to an explosive movement, up or down, but it has not been explosive. The market is not ready yet to see the big bulls. What is interesting is the fact that is happened. It is not what the Bitcoiners would like, it goes against the reason for Bitcoin, and a lot of ETF investors are not part of the community, but this offers a different point of view for cryto in general, opening the path for other coins to go up, and to get more adepts.
There is a Bullish sentiment in the development of the economy as major US index like SP500 and Dow Jones reach new highs. Recent innovations on technology's future fuel optimism, like the recent improvement on chips, for more efficient processors, being this also a step forward for AI.
While concerns linger about Nasdaq's momentum and potential Fed policy shifts, investors anticipate continued market gains. This translates to possible capital inflow into cryptocurrencies, seen as a hedge against economic woes. However, remember, interpretations vary, and nuances abound..
Despite the bulish sentiment, we still have some events that darken the scenario for some cryptocurrencies, but is it totally bad? XRP recently got Hacked Chris Larsen's compromised wallet sent shockwaves through the XRP community, leading to a 5% price drop. However, XRP's long history of disappointment, resistance-level failures, and recent bearish calls fueled by CoinTelegraph added to the selling pressure.
This little shake could be the opportunity to buy low before the resolutions the case against the SEC, after that, XRP may never stay below $1.
The oil companies must be fearing the electric energy overtaking their business, or did they already see the end of the petrol era coming and are the same ones behind this new adoption?
Keep up with the news, and get your hands on some crypto, we might be seeing the tokenization of services pretty soon.
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