$CH TREASURES NM (02439.HK)$ Everyone buckle up, we're going to charge ahead starting tomorrow.

$CH TREASURES NM (02439.HK)$ Keep going for a great Friday!

The past week has been a dark period in the history of crypto, with the total market capitalization of this industry dipping as low as $1.2 trillion for the first time since July 2021. The turmoil, in large part, has been due to the real-time disintegration of $Terra (LUNA.CC)$.
Last week, Terra has officially stopped block production as the blockchain's native token hit a low of $0.0003, near zero.
In a tumble start...

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I have seen an increasing level of coverage of metaverse articles. Isn't it incredible? I don't think China will clamp down on metaverse if this is a global trend.
Like what I wrote in the past, multi metaverse will occur in China just like the internet in China. The only difference is that this ecosystem will be regulated and kept separately from rest of the world.
Communicating with the rest of the world is still possible but how would this be done will be monitored more carefully. In any case, let's not go too deep in explaining this part.
It is interesting to see Huya jumping up by almost 10 percent in a record level of volume of over 12 million shares. This is a good sign but the question here is whether can this eventually bring huya to test 8.8 USD and break it strongly n let the momentum let it breach 10.3 USD strongly. The price performance of 10 percent up is much better than douyu which is up only 2 percent and bilibili is down 2 percent.
Gaming and gaming streaming (with its community) is definitely one important part of the metaverse. But metaverse is a multi year concept that requires a lot of parts like augmented reality, virtual reality tools, connectivity speed for 5g and maybe even 6g in the future, data centers, artificial intelligence, chips to push for deeper level creation, etc.
Will Huya eventually fly? I have an existing position in it but I am not expecting that it will surge to the "sky" in the short term. Rather I will wait patiently for it to build up its monthly active users and for it to strengthen its community stickiness, where users can attend virtual concerts, movies, sports, etc together. One important part for it to go back up is for China to resume game approvals and for China not to introduce any stringent tech regulation going into 2022.
As always, this should not be construed as any investment or trading advice.
$HUYA Inc (HUYA.US)$ $DouYu (DOYU.US)$ $Bilibili (BILI.US)$ $BILIBILI-W (09626.HK)$ $Meta Platforms (FB.US)$ $Roundhill Ball Metaverse ETF (META.US)$ $NVIDIA (NVDA.US)$ $Roblox (RBLX.US)$ $Activision Blizzard (ATVI.US)$ $Microsoft (MSFT.US)$ $Unity Software (U.US)$