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Yuga Labs will be minting some form of land for its metaverse and that’s driving a lot of interest in ApeCoin and the underlying Ethereum blockchain.
I do think it’s interesting that crypto assets aren’t falling much more than the market overall, which is a small sign that crypto is becoming more resilient.
gross domestic product declined 1.4% in the first quarter of 2022, based on initial readings, which could mean the economy is already in a recession.
Coinbase shares probably shouldn’t be correlated with crypto prices because it generates fees on transactions, not prices, but it’s common that even when values are down Coinbase will fall.
Every day, there’s more and more built in the crypto economy and that should be good news for the market.
But long-term there’s a lot to like about the crypto industry and the innovations being built and money being invested by retail investors and venture capitalists.