BTC, ETH Gain Ground & The Top 5 Metaverse Movers to Watch

After the short bearish trend amid the Russia-Ukraine tensions, the crypto market has started to gain ground again. Bitcoin and Ethereum rose by about 1% and 5% respectively during the last week. Many other cryptocurrencies have followed. The popularity and market capitalization of the Metaverse tokens also continues to grow.


Many analysts link the fall and rise of the crypto market to the recent political events and fluctuations of the Russian ruble. When the currency suddenly started to pull back, so did most of the digital assets. Now that the rouble is slowly recovering, cryptocurrencies are shooting up in value again. Last week, Russia claimed that it would only accept rubles and maybe crypto for oil and gas. This statement may have led to the growth of the ruble and the surge in the crypto market. 

For the first time in three months, Bitcoin surpassed the $47,000 mark on March 28. The number one crypto might not yet be close to its new ATH, but it might very well hit the new highest price of the year soon. In two days the BTC value jumped by more than $1,000, then retreated, and now continues to grow again. The move may have to do with Russia’s consideration of accepting BTC for its natural resources mentioned above. 





BTC is currently trading at $45,502,80. It grew by 1.23%% during the past week and dropped by 3.16% in the last 24 hours.


Ethereum has been growing steadily for the last 10 days and just like Bitcoin saw a big jump on March 28. The price of ETH is still lower than it was in the beginning of the year, but it might reach that point again soon as it seems to be following the bullish trend. 





The currency gained 5.35%% during the past week and fell by 3.89% in the last 24 hours. At the moment of writing, ETH costs $3,296.23.

Decentraland (MANA)

Decentraland’s MANA token is the top metaverse crypto by market capitalization. Created in 2017 and open to the public in 2020, the virtual reality platform quickly gained popularity. Users have many possibilities in the virtual world, from creating and exploring to buying and monetizing plots of land. Its native currency MANA is powered by the Ethereum blockchain. 





Even though the token was growing earlier this week it went down by 1.72%  in the last 24 hours and by 2.88% in the last 7 days. The total market cap of MANA is $4,775,414,595. At the moment of writing, it’s trading at the price of $2.59.

Axie Infinity (AXS)

Axie Infinity is a blockchain-based play-to-earn video game launched by Sky Mavis in 2018. Users get to breed and raise the creatures called Axies and receive rewards for them. Each Axie is a platform’s native NFT. 




The currency has seen a huge jump during the last 10 days going up by about $20 in 24 hours. However, it retreated significantly after. The AXS’s value has dropped by 10.91% over the past week and grew by 1.38% over the last 24 hours. At this point, the price of the token is $63.66 and the market cap is $3,885,108,076. 

The Sandbox (SAND)

The Sandbox is a NFT-based virtual world where users can create, buy, and sell plots of land in the form of a game. Players can use the virtual land to host events, concerts, or games and monetize their creations. The internal currency SAND is becoming very popular.





This week SAND was growing steadily and saw a couple of big jumps until it suddenly went down yesterday. It dropped by 1.59% in the last seven days and by 1.91% in the last 24 hours. Despite its climbs the coin is still pretty far from its ATH of $8.40 it saw last November. SAND is now trading at $3.40. Its total market cap is $3,939,930,950. 

ApeCoin (APE)

ApeCoin is a native cryptocurrency behind the NFT-famous Bored Ape Yacht Club project. Launched less than 2 weeks ago by ApeCoin DAO, the coin immediately gathered a lot of hype around it. ApeCoin is mainly used for purchases within the APE ecosystem.





The total market capitalization of APE is currently $3,581,479,601. It lost 0.58% in value during the week but grew by 2.14% in the last 24 hours. Its current price is $12.77.

Theta Network (THETA)

Theta is a blockchain-based network focused on video streaming. Users of the decentralized platform share bandwidth and computing resources on a P2P basis. The project is advised by Steve Chen, co-founder of YouTube, and Justin Kan, co-founder of Twitch.





THETA has seen strong growth and shooted up in value by 25.04% during the week. In the last 24 hours it rose by 1.72% and is now trading at $4.09. The total market cap of the currency is now $4,034,400,099.


All in all, even though there have been some drops in the last two days, we can see that most coins and tokens are on the rise and it seems that spring has finally come to the crypto market. There’s a big chance that cryptos will surge even more in the next weeks and months, especially if the political situation stabilizes and countries go ahead with the crypto adoption.  

P.S. This article has originally been published on Benzinga.

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YouTuber Hacks Crypto Hardware Wallet and Recovers $2,000,000 in Lost THETA

A computer hacker that once testified before the U.S. Senate helped a crypto investor recover millions of dollars worth of tokens that were trapped in limbo.

Joe Grand, also known as Kingpin, tells his 39,300 YouTube subscribers how he went about rescuing the altcoin Theta Network (THETA) from a Trezor One hard wallet after the owners forgot their password and PIN.

After 16 failed attempts at entering the seed phrase, the wallet by design resets the private key – meaning that the contents inside were locked.

Starting in early 2021, Theta rose dramatically from under $2 to an all-time high above $15 in April. Electrical engineer Dan Reich and his friend, who had bought their THETA for $0.21 each in 2018, had lucrative reasons to seek a solution to access their tokens.

After months of preparation and testing before meeting with Reich to hack into the actual device, Grand was able to manipulate an older design feature of Trezor wallets where the private key and/or PIN are temporarily transferred to the RAM (random access memory).

Although the successful hack was accomplished in May of last year, Grand only posted a video documenting the experience this month, prompting Trezor to respond to concerns about its products being vulnerable to hacks.

“Hi, this is an outdated exploit that is not a concern for current users and that we fixed in 2017, right after a report we received through our responsible disclosure program.

The attack requires physical access to the device and there is no record of any funds being compromised.”

Back in 1998, Grand and other young hackers testified before the U.S. Senate Committee on Governmental Affairs about internet security.

At time of writing, THETA is off 81.7% from its peak lat April and trading for $2.89.

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Renowned Computer Engineer Cracks Trezor Wallet Containing $2 Million Worth of Crypto

NYC-based entrepreneur Dan Reich has recently regained access to more than $2 million worth of crypto left in a Trezor One hardware wallet with the help of renowned computer engineer and hardware hacker Joe Grand.

In a YouTube video uploaded recently, the Portland-based hacker popularly known by his pseudonym “Kingpin” gave a comprehensive narration of how he cracked the wallet to recover the “lost” crypto assets.

How it all Started

Earlier in 2018, Dan Reich and his friend had decided to splurge $50,000 on the newly launched Theta token, trading around 21 cents at that time.

Initially, they kept the tokens on a Chinese exchange but later had to transfer them to a Trezor One hardware wallet due to the rising crackdown on cryptocurrencies by the local government. However, they forgot about the coins.

Reich eventually remembered and decided to sell the Theta tokens. Yet, his friend had already lost the paper on which he had written the wallet’s PIN, so they had to start guessing the 5-digit PIN. At this point, though, they already guess several times wrongly.


After 12 failed attempts, the duo decided to stop guessing as the data on the wallet would automatically be erased on the 16th incorrect attempt.

$50,000 Turned $2 Million

As Theta’s price continued to increase over the years, the value of their “lost” crypto fortune rose to $2 million this year. Motivated by the crypto fortune, Reich and his friends intensified their efforts to regain access to the funds.

Soon they discovered a Switzerland-based financier who claimed he had associates in France who could crack the wallet in a lab. However, they demanded that to do the job, Reich would not go to the lab or know the names of the people who would supposedly be cracking the wallet.

Yet, despite how crazy the idea sounded, the duo was willing to take the risk as they became desperate. However, in a sudden turn of events, Reich discovered Joe Grand in the US.

Hacker Saves the Day

They immediately reached out to the computer engineer, who agreed to help. Grand bought several similar wallets and installed the same version of firmware to replicate the one Reich and his friend had. He spent 12 weeks on trial and error but eventually found a way to recover the lost PIN.

Grand said he used a fault injection attack, a strategy that modifies the voltage going to the chip, to bypass the security of the wallet’s microcontrollers. It prevents hackers from reading RAM and obtaining the PIN needed to unlock the wallet and funds.

“We are basically causing misbehavior on the silicon chip inside the device in order to defeat security. And what ended up happening is that I was sitting here watching the computer screen and saw that I was able to defeat the security, the private information, the recovery seed, and the pin that I was going after popped up on the screen,” the hacker explained.

Reich and his friend got back their $2 million crypto fortune and gave Grand his percentage of the treasure.

Trezor Responds

Meanwhile, soon after the story surfaced, hardware wallet maker Trezor was quick to put users’ minds at rest by noting that the vulnerability that Grand exploited to recover the lost crypto has since been identified and fixed.

The company added that all its new devices do not have the vulnerability as they are “shipped with a fixed bootloader.”


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Down, but not out: Here’s why Theta could be a breakout star in 2022

2021 was a rollercoaster ride for many projects in the cryptocurrency market but as is the nature of crypto, many tokens hit new all-time highs and then spent the following months drifting lower as the hype surrounding the project faded and traders moved into greener pastures.

This is exactly what happened with Theta, a decentralized broadcasting platform that allows users to earn rewards by contributing their computing resources toward the health of the network. 

Theta token kicked off its run on Dec. 11, 2020, when it rose 2,468% from a price of $0.621 to a new record high at $15.90 on April 16, 2021, as Global 500 firms like Google and Sony Europe joined the network’s validator program and Theta Labs was granted its second patent on designs for decentralized blockchain-based video and data delivery.

Data from Cointelegraph Markets Pro and TradingView shows that, since hitting a high of $5.98 on Dec. 27, the price of Theta has slid down to its major support near $3.85 as the wider cryptocurrency market fell under pressure.

THETA/USDT 1-day chart. Source: TradingView

Even with the reversal of fate, Theta still has a handful of fundamental reasons for holders to be bullish in the long-term.

Three reasons to remain bullish on THETA in 2022 include the upcoming launch of the ThetaDrop nonfungible token (NFT) marketplace, the addition of new staking resources and the overall focus on live streaming and gaming which is currently supported by big-name partnerships and integrations.

ThetaDrop launches on February 1

One of the biggest developments for Theta in 2022 will be the full launch of its ThetaDrop NFT marketplace. Plans on airdropping the TDrop governance tokens to members of the Theta community start on Feb. 1.

ThetaDrop does not have any plans for a token sale and instead plans to release its 20 billion token supply over a four-year period to members of the community who provide NFT liquidity mining or stake THETA, TFUEL and TDRop on the network.

TDrop supply release schedule. Source: TDrop whitepaper

On top of the upcoming ThetaDrop launch, the network has also seen a handful of new projects launch on its blockchain, including the OpenTheta NFT marketplace and the Voltswap DeFi platform, which supports the swapping of Theta based assets.

Protocols like Meter Passport and ThetaBridge also support asset bridging between Theta and other Ethereum virtual machine (EVM) compatible networks.

Staking access improves

Improving access to staking is another potentially bullish factor for Theta and its TFUEL utility and gas token.

When the network first launched, users were required to stake a minimum of 10,000 THETA to operate a guardian node and help secure the network. Eventually, the required minimum was lowered to 1,000, but Theta’s price run above $14 in early 2021 resulted in most token holders being unable to meet this threshold as well.

This led to the creation of sites like GPooL and, more recently, Thetaboard which gives THETA and TFUEL holders access to staking for a small commission.

Thetaboard also launched its own NFT marketplace to serve the growing NFT ecosystem which includes limited editions of NFT collections released by popular celebrities like Katy Perry.

Related: Year of sponsorships: Celebrities who embraced crypto in 2021

Blockchain gaming and video streaming are still growing sectors

A third reason for taking a bullish stance on Theta in the future is the protocol’s focus on advancing blockchain-based video streaming and gaming and its current partnerships with Samsung and Sony.

Gaming was one of the breakout sectors of the crypto ecosystem in 2021 and that trend looks to remain strong in 2022 as blockchain technology continues down the road to mass adoption.

Users of the interface can earn rewards by watching members of the community play games like League of Legends or The Witcher 3: Wild Hunt. Non-gamers can watch, contribute and earn by watching channels from NASA or the World Series of Poker.

The protocol also stands to benefit from multiple big-name collaborations including a partnership with Samsung that will see the app preloaded on smart TVs released by the company. This will enable users to receive TFUEL rewards for watching their favorite shows. Theta also has partnerships with Google, Sony and all three companies (Samsung included) operate as validator nodes for the network.

While THETA’s fundamentals look attractive, let’s see what the charts project. 


Theta (THETA) has been trading inside a descending triangle pattern for the past several weeks. The 20-week exponential moving average ($5.64) has turned down and the relative strength index (RSI) is in the negative territory.

THETA/USDT weekly chart. Source: TradingView

This suggests that the path of least resistance is to the downside. The previous rebound off the strong support at $3.85 turned down from the 20-week EMA. Hence, this becomes the key resistance to watch out for in the short term.

If the price bounces off the current level but once again turns down from the 20-week EMA, it will indicate that bears are selling on every minor rally. That will increase the possibility of a break below $3.85. If that happens, the THETA/USDT pair could slide to $1.46.

Contrary to this assumption, if bulls drive the price above the 20-week EMA, it will be the first sign that the selling pressure could be reducing. The pair could then rise to the 50-week simple moving average ($6.88) and later to the downtrend line.

THETA/USDT daily chart. Source: TradingView

The pair bounced off the $3.85 support on Jan. 11, indicating that bulls are accumulating on dips. The RSI has formed a positive divergence, suggesting that the selling pressure could be reducing.

If bulls drive the price above the 20-day EMA ($4.41), the pair could rise to the downtrend line. This level may act as a stiff resistance, but if bulls overcome it the pair could rally to $5.94. A break and close above this level could complete a double bottom pattern in the short term. This setup has a pattern target at $8.03.

Conversely, if the price turns down from the 20-day EMA or the downtrend line, it will suggest that sentiment remains negative and traders are selling on rallies. The bears will then attempt to pull and sustain the pair below the $3.85 to $3.50 support zone. If they succeed, it will signal the start of the next leg of the downtrend.

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Every investment and trading move involves risk, you should conduct your own research when making a decision.

* Technical analysis of THETA provided by Rakesh Upadhyay