As the cryptocurrency market shows signs of rebounding, major cryptocurrencies in particular are beginning to thrive again.
Bitcoin (BTC), the largest cryptocurrency worldwide, has returned to a valuation of $30,000 with a market capitalization reaching over $580 billion.
Followed by the world’s largest altcoin, Ethereum (ETH) has finally surged above its $2,000 valuation again as the crypto world attempts to return to normal.
Entering the digital asset space, Sanzooz Finance (SZFT) seeks to make a splash in the crypto world, especially in the DeFi (decentralized finance) sector.
Is Sanzooz Finance (SZFT) the Next Crypto Giant?
Sanzooz Finance (SZFT) aims to become the equalizer of the DeFi industry.
Sanzooz enables the creation of unique derivative products and its artificial assets are created through community voting.
They can be in the form of fiat currencies, cryptocurrencies, stocks, commodities, or anything else with a price.
As an Ethereum-based protocol for issuing decentralized assets, Sanzooz’s artificial assets will be collateralized by the Sanzooz Network Token (SZFT).
The mechanism of the pooled collateral model that allows users to perform asset conversions directly through the smart contract, without the need for counterparties, solves both the liquidity and slippage problems that DEXs (decentralized exchanges) are confronted.
SZFT has found its USP (Unique Selling Point) within the DeFi industry and it is definitely a project to watch.
Ethereum (ETH) starts the week in the green
As one of the most influential cryptocurrencies in the industry, the performance of Ethereum (ETH) in the market greatly affects its fortunes as well as many others.
Ethereum fell to $1,400 during the last market crash, but has since rebounded to a price of $2,071.82, at the time of writing.
A decline of 30.1% in the past 30 days has been replaced by a rise of 2.1% in the past 24 hours for the altcoin.
Despite how disappointing the crypto market has been this year, Bloomberg intelligence analyst Mike McGlone remains optimistic about his Ethereum 2022 prediction, believing that ETH will end the year between a price of $4,000 and $5,000.
A drop of more than 57% from ETH’s all-time high of $4,878.26 to its current price meant that Ethereum co-founder Vitalik Buterin announced he was no longer a billionaire.
Decentraland (MANA) decline continues to decline
As the second largest metaverse token in the industry, according to data from CoinMarketCap, Decentraland (MANA) has always been a leading figure in its particular space, but the project has suffered in the market lately.
Trading at $1.12, at the time of writing, MANA has suffered declines of 16.1% over the past 14 days, according to data from CoinGecko.
After reaching an all-time high of $5.85 in November 2021, MANA has fallen significantly from its all-time highs as the altcoin continues to struggle in 2022.
As software that operates a global virtual world where users can buy and sell digital real estate, called LAND.
Despite its still poor performance, market experts at Wallet Investor predict that MANA will reach a price of $5.30 by the end of the year.
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