Dec 14, 2022 10:06:37 AM

Daily Highlights | 13th December

Knockout Stage Matches
Week 5 | Day 2
13th December 2022

Mitsubishi UFJ Financial vs. Sumitomo Mitsui Financial Group Inc

Today’s Score 1:0

Total Score 1:0

Finally we have a score, and the tie is broken!

Our two Japanese banking teams fighting for the final place are equally powerful. But only one can win this week. 

On the second day of the final week, team Mitsubishi UFJ Financial scored their first point against team Sumitomo Mitsui Financial Group Inc and the match has finally taken its twist. 

As had mostly happened in this tournament- the team who scores the very first point most always wins. Will that be the case this week as well? You never know. 

Mitsubishi UFJ Financial Group is a leading global financial services group and one of the largest banking institutions in Japan. 

Experts expect Japan's economic recovery in 2022 and 2023 to remain steady, although slower than their earlier expectation in light of inflationary pressure and a very weak outlook for global growth. Thus, many believe that team MUFJ's outlook for the future remains stable. 

Team MUFJ's strong business profile is characterized by a solid franchise in the domestic market, geographical diversification and the most diversified business model among domestic major bank peers. 

If it continues with the same performance that it showed today, it might be our ultimate champion. Stay tuned folks! 


Loopring vs. Basic Attention 

Today’s Score 1:0

Total Score 2:0

Ooh, now this is getting tough.

Loopring continues to show a powerful performance in the second day of the final too, as it scores another point against Basic Attention.

As layer 2 solutions become more popular, the Loopring token is likely to increase in value. Consequently, it may be a wise investment for those who are looking to get involved in the layer 2 space.

Loopring is a decentralized exchange protocol that enables the trading of ERC-20 tokens on the Ethereum blockchain. Loopring’s vision is to empower humans with economic freedom and opportunities by creating protocols that facilitate low-cost, high-volume trustless trading on the decentralized web.

Loopring’s mission is to build Ethereum-based protocols that can aggregate liquidity from a wide range of sources, including centralized exchanges, DEXs, wallets, and other financial services. 

According to the latest data gathered, the current price of Loopring is $$0.24, and LRC is presently ranked No. 88 in the entire crypto ecosystem.

This is going to be a serious blow for the team Basic Attention if they don’t make a comeback right away. They mustn’t let Loopring continue with these scores or they will lose the match they fought so hard to be in. 

Third place playoff

Compound vs. Cosmos

Today’s Score 0:1

Total Score 1:1

In the crypto club, fighting for the third place are the teams Compound and Cosmos. 

The first day of the third place playoff week started off with Compound scoring a point. However, team Cosmos has scored a point as well in the second round of the week today. This is getting quite thrilling. 

The score is tied at 1:1 now. And it seems both the teams are determined to win the third place no matter what. 

Cosmos (ATOM) is a cryptocurrency that powers an ecosystem of blockchains designed to scale and interoperate with each other. The team aims to "create an Internet of Blockchains, a network of blockchains able to communicate with each other in a decentralized way." Cosmos is a proof-of-stake chain. 

The price of Cosmos has risen by 1.39% in the past 7 days. The price increased by 6.66% in the last 24 hours. In just the past hour, the price grew by 0.84%. Which shows that Cosmos is preparing for a bull hike this week determined to win!

On the other hand, team Compound should not be underestimated either. Who will score three points this week before the other? Stay tuned to find out!