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BlockchainCom Taps NFT Realm With Beta Version of its New Marketplace

Blockchain.com outlined plans to launch a marketplace exclusively focussed on NFTs to cater to the rising demand and fortunes that have attracted the attention of well-known individuals from different fields. With this move, the Luxembourg-based company is the latest one to dip its toes into the NFT market.

It joins the list of crypto giants such as Binance, Coinbase, and FTX.US, which have announced the launch of new NFT-focussed wings.

Blockchain.com’s NFT Marketplace is Coming Soon

The platform revealed working on an NFT marketplace, but it’s yet to disclose a release date. However, it revealed that users will be able to purchase, sell, and store non-fungible tokens through the Blockchain.com wallets in the next few weeks.

Apart from announcing the opening of a beta list for the new platform, the official blog post also cited challenges in adoption and the market’s complex and unintuitive nature. Consequently, the platform aims to make assessing the NFT market as easy as entering the cryptocurrency market.

Its announcement reads,


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“Over the last ten years, we’ve helped tens of millions of people access crypto by providing an easy way to buy, sell, swap, store, and earn crypto. Now we want to make it easy for people to access the exciting, new NFT market.”

Besides, Blockchain.com recently announced the acquisition of SeSocio, which is an Argentinian-based crypto investment platform, as it aims to expand its footprint across South America. Additionally, the firm earlier completed a $300 million Series C funding round to drive its valuation to $5.2 billion.

OpenSea Takes the NFT Crown

The NFT sales volume has amplified to a whopping $10.7 billion in the third quarter of 2021. As a result of the ongoing frenzy, the market figures have increased over eightfold from the previous quarter. Despite a minor slump in NFT trading volume in September, the figures are back on track.

The market is heating up as it continues to witness a strong sales volume on the leading NFT marketplace OpenSea. As a matter of fact, CryptoPotato recently reported that the trading volume figures for the platform have multiplied ten times since mid-August and recently surpassed the coveted $10 billion mark.

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Bitcoin Price Failed at Critical Resistance, Was $69K the Cycle’s Top? BTC Analysis & Overview

Bitcoin’s price action continues to be shaky in the short term, but that might largely be attributed to headwinds caused by the newfound COVID variant.

Despite the recent bearishness, the on-chain metrics and the mid-to-long-term technicals continue to favor extended bull market and show no real signs of worry.

This analysis was compiled by analysts GrizzlyBTClover and CryptoVizArt to CryptoPotato.

Mid-Term Technical Analysis

Bitcoin is moving up inside the uptrend channel on the daily timeframe, and the formation of higher highs and higher lows confirms its bullish bias.

With the recent upside move (~70% from the bottom of the channel), the market has experienced a 20-day correction. Considering the mentioned structure, the current bullish rally is likely to continue because of the difference between waves A and B. Wave A moved with a gentler slope than wave B and reached the top of the channel, while wave B moved with a steeper slope in a shorter time.

On the other hand, the red candles in wave B are weaker than wave A and the depth of the correction of wave B was less than wave A. These all point to a strong uptrend move. Assuming Bitcoin completes its last uptrend wave in the same manner as the past and moves towards the top of the channel, BTC prices may reach 90K.

img4
Chart by TradingView

Short-Term Technical Analysis

As the next step, it’s important to look at lower timeframes to examine the mid-term trend’s reliance. The price has been struggling with the downtrend line (blue line) and crossed it a few hours ago, but this breakout hasn’t yet been confirmed (turned into a fakeout). A reversal move is confirmed when the price crosses its short-term downtrend line and forms a higher high.

As a result of the formation of a higher high at 60,000$, a continuation of the uptrend looks probable. Bearish selling pressure is indicated by upper shadows towards $60K on this timeframe. But, first, the bulls will have to break this line, and on the other hand, hold the next critical support level of $56K and the past week’s low at $53K.

img5

Supply/Demand Analysis

Looking at the rate of change in All Exchange Reserves, it’s possible to estimate the supply & demand strength in the market.

As illustrated, the long-term trend confirms a continuous reserve depletion across all exchanges. The current declining trend started mid-July when the market bounced back from ~30K support level. Since then, the price action has been driven up by the supply shock.

img1
Chart by CryptoQuant

Profit/Loss Realization: Was $69K the Cycle’s Top?

The market saw a 23% dip after recording the new ATH of $69K in late November. The main concern was if this ATH was the cycle top.

To shed some light, we can compare the intensity of profit realization at the new ATH in late November ($69K top) and the previous ATH in April ($64K). The image below presents the weekly profit/loss intensity as a percentage of the realized cap. The recent rally to the $69K has not experienced an intensive profit realization like 2021 Q1.

img3
Chart by CryptoQuant

Risk Analysis

The Mayer Multiple is a multiple of the 200-day moving average and the price. This metric uses the historical price values and estimates if the market price is statistically overheated, fair, or undervalued. The current price is slightly higher than its 200-MA ($46K) and in the low-risk zone. Based on the existing market structure, the high-risk zone is between ~$80-110K.

img2
Chart by Glassnode

Chart by TradingView

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Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.

Cryptocurrency charts by TradingView.


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WallStreetNinja Launches Alpha Release Ahead of ILO

[PRESS RELEASE – New York, USA, 3rd December 2021]

There has never been a better time to launch WallStreetNinja, as the crypto markets roar and decentralized ecosystem’s begin to accelerate toward full mainstream adoption.

A fully decentralized solution, Unstoppable Ecosystem is required to propel the movement forward into a web browser-based experience free from unnecessary browser extensions and smartphone wallet apps.

WallStreetNinja “the Unstoppable Ecosystem” (aka WSN) will provide the very needed solution that is web based, fully decentralized, multi-chain, swap, dApp browser and completely non-custodial, with a single sign-on facility via Dfinity’s Internet Identity.

WallStreetNinja successfully deployed the Alpha release of their groundbreaking technology on the 2nd of Dec 2021, marking a new beginning in the Decentralized Ecosystem sphere.

With a successful initial product launch under their belt, WallStreetNinja head towards their much anticipated Initial Liquidity Offering (ILO), held on the Unicrypt platform closing 7th of Dec 2021.

Projects will soon be able to offer their decentralized users, Unstoppable access via the WallStreetNinja Ecosystem. Projects operating within the decentralized ecosystems are urged to make contact with the WSN team to have their projects whitelisted within the ecosystems wallet, swap feature, and dapps section.

WallStreetNinja has already been backed and endorsed by high-profile industry players including Darkpool Ventures, Midas Touch Consulting, and CoinNexus. Such relationships not only provide capital, but add value in the way of advice from subject matter experts in the field of technology, financial markets and cryptocurrency.

The team at WallStreetNinja stated that “we are happy to announce the successful deployment of the product Alpha, which sets the foundation for further development and are excited about our upcoming Initial Liquidity Offering (ILO) on the Unicrypt platform, which will put into motion the token economy of the WallStreetNinja Ecosystem”.

Movement is starting to build for WallStreetNinja as it pioneers the Unstoppable sector of decentralized ecosystems alongside technologies such as Pocket Network, Internet Computer, StackOS, ENS and Brave.

About WallStreetNinja

WallStreetNinja (WSN) provides users simplified access to a decentralized ecosystem’s chain of their choice from a single web app. WSN is taking the self custody wallet segment to the next level through decentralized computing and blockchain relays.

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Uncategorized

Bitcoin Rejected at $60K Amid Fears of New COVID Variant: This Week’s Recap

The past seven were somewhat successful for Bitcoin, and the total market capitalization managed to increase by some $150 million. Some altcoins are really taking off, while others are seemingly in a stalemate situation.

But let’s start with Bitcoin. The market leader failed to produce any meaningful gains but is up slightly above 2% in the past seven days. This came after an excellent weekly close on Sunday. Unfortunately, bulls didn’t capitalize on the opportunity and failed to break the critical $59K resistance level on three separate occasions on Monday, Tuesday, and Wednesday.

A lot of this volatility had to do with broader market turmoil caused by the discovery of a new COVID variant called Omicron. Stocks are also looking shaky, and it’s likely that they will take some time before the risk-on trade can continue with full force, hence creating temporary headwinds for the crypto market as well.

Some altcoins were completely unfazed by all of the above. Solana is up 10.5% in seven days, while LUNA skyrocketed by almost 60%. However, others felt the weight of the market instability – DOT is down 9%, XRP – 7.3%, ADA – 3%, AVAX – 8.7%, and so forth.

It’s interesting to note that this was the first time when PlanB’s BTC floor model missed by a long shot. However, according to the analyst, his S2F model is still intact. We are heading into a historically bullish month for the cryptocurrency market, in general, and it’s exciting to see what December has in store.

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Market Data

Market Cap: $2,739B | 24H Vol: 132B | BTC Dominance: 38.9%

BTC: $56,283 (+2.1%%) | ETH: $4,531 (+0.4%) | ADA: $1.1.63 (-3%)

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This Week’s Crypto Headlines You Can’t Miss

PlanB’s Floor Model First Miss: Bitcoin Price Closed Way Below $98K In November. PlanB, the analyst who created the famed Bitcoin Stock-to-Flow (S2F) model, also created a “worst-case scenario” one known as the floor model. In November, the latter was off for the first time as the price closed way below its target.

Adidas Enters The Metaverse With BAYC, Punks Comic, and GMoney. Renowned shoemaker Adidas formed three more crypto-related partnerships, diving deeper into the Metaverse hole. Following its collab with Coinbase, Adidas has now joined various NFT projects such as GMoney, Bored Ape Yacht Club (BAYC), and Punks Comic.

Binance Smart Chain Activates Real-Time BNB Burning Mechanism. The Binance Smart Chain (BSC) activated the BEP-95, which integrates a real-time burning mechanism into its tokenomics structure. Going forward a fixed ratio of gas fees that are collected by BSC validators is going to be burned in every single block.

Ex-Chancellor: Crypto Could Give London an Advantage Over European Competitors. Philip Hammond, a former Chancellor for the Exchequer from 2016 to 2019 in the UK, argued that cryptocurrency adoption can give London a competitive advantage over other European competitors. He also added that failure to adopt might leave them behind.

Square Rebrands to Block, Expands Focus on Blockchain Industry. Jack Dorsey-led Square, the financial services company, changed its name to Block, hinting at further involvement in the broader cryptocurrency industry. This happened immediately after Dorsey stepped down from Twitter and is no longer serving as its CEO.

Meta Expands Avenues For Running Crypto Ads On Facebook. After rebranding the company to Meta, the platform has now expanded the range of cryptocurrency ads that are eligible. It now accepts 27 licenses compared to the previous 3, and they are publicly viewable on the policy page.

Charts

This week we have a chart analysis of Ethereum, Binance Coin, Cardano, Solana, and Luna – click here for the full price analysis.

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Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.

Cryptocurrency charts by TradingView.


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MATIC Soars to a 6-Month High Following Announcement of New Javascript Library

The popular Ethereum layer 2 solution Polygon has introduced a new javascript library to interact with its own bridge. Shortly after the announcement went live, the protocol’s native token surged by double-digits to a six-month high.

Polygon’s New Javascript Library

The announcement informed that the new open-source javascript library, dubbed matic.js, will provide APIs for deposits, withdrawals, and other types of transfers on the Polygon network.

This is the latest version (v3), operating as an “all-in-all improvement over its predecessor,” which was already used in numerous applications. It aims to help developers in creating and deploying applications seamlessly while also ensuring it could support different ecosystems.

Some of the improved features include support for Ethereum’s native token – ether, reduced bundle sizes, and plugin support for shipping different functionalities in separate packages.

This is the latest development coming from the Ethereum L2 solution, which was also recently integrated into the workflow automation platform PARSIQ, as CryptoPotato reported.


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MATIC Soars to New 6-Month High

The price of Polygon’s native digital asset reacted quite well to the matic.js update. It went from a daily low of around $1.95 to a high of $2.4, which represented a 24-hour surge of more than 20%.

Looking at a slightly larger scale, MATIC is up by 60% since November 28th, when it stood around $1.5. By tapping $2.4 earlier today, the cryptocurrency marked its highest price level since late May.

Moreover, it came about 15% away from its all-time high, also registered in May at $2.8.

According to CoinGecko, MATIC is now the 15th largest digital asset by market capitalization as its own exceeds $16 billion.

MATICUSD. Source: TradingView
MATICUSD. Source: TradingView
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Saxo Bank Believes NFTs Can Disrupt Spotify, Apple Music

There have been many reports questioning if Spotify pays musicians fairly. While the popular music streaming service is yet to disclose exactly how much it pays, industry experts have suggested that its payout rate for recordings at nearly $4,000 per million streams, or less than half a cent per stream. However, NFT is here to rescue, at least, according to Saxo Bank.

NFTs vs. Traditional Streaming Platforms

Saxo believes that the outlook is bright for NFT technology despite all the initial chaos and hype. According to one of Saxo Bank’s Outrageous Predictions 2022: Revolution, NFTs’ use case can prove compelling to those musicians and artists who feel exploited or unfairly treated by the existing streaming platforms and their revenue structures.

Along the same lines, the Danish investment bank’s cryptocurrency analyst Mads Eberhardt’s blog post stated:

“These models don’t guide individual subscribers’ fees to the actual music an individual subscriber listens to. Rather, all subscription fee revenues are aggregated and distributed based on every artist’s share of total streams.”

The streaming platforms also churn a massive cut which, if coupled with the cut paid to labels, totals up to 75% or more of the total revenue.

NFT Challenging the Music Industry

The infrastructure of the current music industry has left both artists and their fans with just a handful of viable alternatives. The dominance of major record companies is dwindling. The reason – Spotify. Its third-quarter earnings show a 27% year-over-year surge in revenue to a whopping $2.8 billion.


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Besides, the audio giant’s gross margin amplified from 24.8% a year ago to 26.7% in 2021, which helped it amass more than $100 million in free cash flow in Q3.

This trend may change as individuals around the world are paying close attention to the cryptocurrency and blockchain industry. In 2021 alone, many musicians, sportspeople, and artists have flooded the NFT scene and are cashing in on it.

Saxo’s Eberhardt, for one, is pretty confident about its success. Citing the use of smart-contract blockchain networks, musicians can eliminate the need for a centralized entity and distribute their creations directly to their listeners. The decentralized process would help the artists get paid in real-time while also retaining the revenue cuts that generally go to the streaming sites.

In a not outrageous prediction, the analyst predicted that NFT-based music streaming services will emerge that will feature the likes of Katy Perry, The Chainsmokers, and Jason Derulo. The trio has already been involved with the blockchain music platform, Audius. Slowly, Eberhardt believes that musicians will pull off their music from the mainstream platforms, which will be “terminally disrupted.”

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Charlie Munger Wished Cryptocurrencies Were Never Invented, Anyone Surprised? (Opinion)

The digital asset industry has marked an impressive year so far as many cryptocurrencies painted all-time high prices. Numerous experts and public figures showed their support, highlighting the merits of the asset class, while global institutions started diversifying their portfolios with bitcoin or some alternative coins.

Yet, Charlie Munger – Warren Buffett’s right-hand man – reiterated his skepticism once again recently by indicating that the hype around them is “crazier than the dot-com bubble two decades ago.” Furthermore, he vowed never to invest in the crypto market.

Why Is Munger Wrong about Crypto?

In a recent interview for the Sydney Herald, the 97-year-old Charlie Munger once again revealed he has no plans to enter the cryptocurrency market. To him, the craze generated around bitcoin, ether, and the rest is much similar to the Internet bubble between 1995-2000. Back then, investors rushed to pump money into Internet-based startups, hoping that these fledgling companies would soon turn a profit:

“I think the dot-com boom was crazier in terms of valuations than even what we have now. But overall, I consider this era even crazier than the dot-com era.”

CharlieMunger
Charlie Munger. Source: Yahoo

The firms involved in the Internet bubble were indeed a target of mass attention, and many people invested more than they could afford at the time.

However, some organizations such as Amazon and eBay managed to overcome the subsequent bubble burst and now stand as giants in their field with millions of clients worldwide and a stable structure. Interestingly, SkyBridge Capital’s Anthony Scaramucci recently compared bitcoin to Amazon, predicting a similar success story for the primary cryptocurrency.


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It’s also worth noting that the company Munger spearheads alongside Buffett famously missed on investing early in both Amazon and Google – some of the biggest corporations in the world and, famously, part of the dot-com bubble times.

Munger – the Vice-Chairman of Warren Buffett’s Berkshire Hathaway – went even further in his latest bashing fest, wishing the asset class “had never been invented.”

Cryptocurrencies, though, are seen by many as financial instruments against rising inflation, such as the one which the COVID-19 pandemic and the subsequent mass printing of fiat currencies caused. Currently, the inflation rate in the US stands at around 6%, which means that investors holding to their dollars will lose some of their buying capacity in the near future.

On the other hand, bitcoin has a predetermined number of coins ever to exist of 21 million. Thus, many legacy investors allocated funds to it to fight the growing inflation. Paul Tudor Jones and Stan Druckenmiller are just a few examples.

The Chinese Crypto Ban Made BTC Stonger

Another topic that the American billionaire investor scratched during his appearance was the total crypto ban that China imposed earlier this year. Unsurprisingly, Munger supported this move, while he regretted that the USA still allows local investors to deal with bitcoin and the altcoins.

“I think the Chinese made the correct decision, which is to simply ban them. My country – English-speaking civilization – has made the wrong decision.”

Shortly after the People’s Bank of China announced the restrictions, bitcoin’s price plunged significantly. However, it was a relatively short-term correction. In the following months, the leading cryptocurrency reached an all-time high of almost $70,000, meaning that the negative Chinese stance had a relatively small impact on BTC on a more macro scale. Many experts even opined this policy has worked in favor of the asset.

Katie Huan – a Partner at a16 – said the US should see China’s crackdown as an opportunity. In her view, American financial regulators must do the exact opposite to what the most-populated country did to enhance the nation’s economy.

Edward Snowden – the popular whistleblower – also joined the list of people believing the Chinese ban on BTC will actually benefit the cryptocurrency.

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Solajump, the First Play-to-Win NFT Game on Solana, Sets Out to Revive Short Gaming

[PRESS RELEASE – Valais, Switzerland, 1st December 2021]

Solajump, the world’s first play-to-win short game based on Solana blockchain, is thrilled to bring back the fun of classic short games. Developed by Kokeshi Academy Nerd 148 Studios, it uses NFTs to revolutionize the world of short gaming with its play-to-win model.

Short games are fun, easy to play, and easy to get into. However, game designers who came up with Pong, Tetris, Arkanoid, Pac-Man and other major hits had to make do with the limited power of computers in the past. Computing power is no longer an issue for players, unlocking the doors to a richer and more engaging experience.

Visually appealing and fun to play, Solajump draws on the key principles of Doodle Jump. The player’s objective is to jump higher and higher by bouncing off platforms randomly placed in the 2D space. The further you progress, the rarer the platforms become, and therefore, the higher the risk of a game over.

With Solajump, the player’s purpose is not only to achieve the highest score but also to win. Players can access the game by owning a Solajumper NFT, which allows them to compete in tournaments that offer significant rewards for winners.

The initial minting of 10,000 algorithmically generated Solajumper NFTs will take place starting from December. To participate, players must get one of the 10,000 Solajumper NFTs, each priced at 1 SOL, during December.

Owning the NFT entitles players to many perks and bonuses such as 10 chances to reach first place in the Genesis tournament. At the end, players with the best scores will win five-figure rewards, with the ultimate winner bagging more than $30,000. After the Genesis tournament, players can choose to trade their NFTs on the secondary market or keep it and participate in the monthly tournaments.

“SOLAJUMP is the result of the partnership between 2 studios, NERD148 and KOKESHI ACADEMY the idea is to provide the defi ecosysteme with emerging tools for NFT’s and play to earn. Solajump is the beginning of an era for mini arcade games connected with NFTs”, said Jeff Meguir, CEO of SolaJump.

The monthly tournaments will start from January 2022, where the best players will share a prize pool worth 100 SOL. Kokeshi Academy Studios will launch the “Jump Coin” in February 2022 to allow players to bet in private tournaments and the PVP mode, which will launch in March 2022. That will make it possible for players to win NFTs, Jump Coins, and many other prizes by beating the score of their direct opponent.

According to the developers, 20% of the funds raised during the minting will go into the “Genesis tournament” prize pool. The amount will be added to the current initial prize pool of 2000 SOL. Another 20% of the minting amount will be allocated for all the monthly tournaments held throughout the year. Each year, new tournaments and NFT mintings will be held to keep expanding the prize pool.

Kokeshi Academy Studios is also preparing to launch a Solana-based arcade game incubator in the second half of 2022.

About Solajump

Developed by Kokeshi Academy and NERD 148 Studios, Solajump is a fun and simple play-to-win NFT game on the Solana blockchain. It aims to revive the short gaming trend and enable players to not only achieve the highest score but also to win.

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Crypto Price Analysis Dec-3: Ethereum, Binance Coin, Cardano, Solana, and Luna

Ethereum (ETH)

Ethereum acted as a locomotive in the last seven days, pulling most of the altcoin market back on the uptrend after the $4,000 support held well. ETH broke above the key resistance at $4,350 and stopped just $80 from reaching the all-time high at $4,868.

Due to the high volatility, the price is very close to last week’s analysis, charting only a small 1% increase. Nevertheless, ETH outperformed Bitcoin and drew a lot of attention.

The key challenge now for ETH is to 1) sustain the price above the critical resistance-turned-support at $4,350 and 2) attempt a break above the all-time high at $4,868. If successful, this can lead the market to a significant uptrend. Either way, the month of December should be very exciting for market participants.

Chart by TradingView

Binance Coin (BNB)

After falling under $600, BNB managed to make a quick recovery above this key level. Despite this, the price did not manage to make a higher high compared to the last weekly review and is at -2.3% in the past seven days.

As long as BNB manages to hold above the support at $600, the price has a good chance to explore higher levels and even attempt a break of the all-time high at $692. The BNB indicators are not particularly bullish right now, with the daily MACD failing to complete a bullish cross yesterday. Should that happen later, then the chances for BNB to go higher will increase significantly.

Until then, BNB can continue to consolidate above $600. All eyes remain on the market leaders, Ethereum and Bitcoin, to set the tone in the coming week.

Chart by TradingView

Cardano (ADA)

Volatility returned to ADA yesterday when the price increased by 10% in less than 4 hours. This is a welcome change after a poor performance in the previous weeks. On November 16th, ADA broke below the critical support at $1.9, and this level turned into an important resistance. Overall, in the past seven days, ADA’s price remained almost the same with a -1% difference.

For the cryptocurrency to reverse the downtrend, it has to break the resistance at $1.7 and $1.9, with the latter being the true test of this renewed volatility and momentum. Failure there might cause the price to remain under $1.9 for some time.

Looking ahead, there are some positive signs for ADA holders. The daily MACD painted a bullish cross, thanks to yesterday’s rally. If bulls can maintain this bullish momentum, ADA can finally return on the uptrend. The volume was significant, which is a sign of strength.

Chart by TradingView

Solana (SOL)

SOL had a great week with a nice 13% increase after it successfully tested the $190 level as support. At the time of this post, the price is sitting just under the key resistance found at $236. It is unlikely this level will hold SOL under it for long because the bullish momentum is building up.

The MACD, on the daily timeframe completed a bullish cross, and this is a key bullish signal that SOL may be entering into a sustained rally. The first confirmation of this will come if the cryptocurrency breaks above the key resistance at $236. Volume has also increased in the past week, showing that bulls have the upper hand. It is important to see if bears will come in force at this resistance level because if they don’t, then bulls will continue on their march higher.

The all-time high for SOL is at $259.90, which is not far from the current price. If bears are unsuccessful to step in at $234, then the all-time high is their last line of defense before SOL re-enters price discovery.

Chart by TradingView

Luna

The strongest performer this week, Luna, increased by 53%. This is a testament to the fundamentals behind this push, with TerraUSD stablecoin reaching $7.8 billion in market cap at the time of this post. On November 1st, the market cap was $2.8 billion. More Luna tokens need to be burned to increase the market supply of TerraUSD. This creates demand for Luna, and it reduces its circulating supply. Taken together, this exercises a significant buy pressure on the token.

With that said, Luna made a new all-time high today and reached $69.66, the highest price on record. This level is likely to act as resistance as on lower timeframes like 4 hours, the RSI shows a bearish divergence. A short pullback would not be surprising as the bulls rest before the next rally. On larger timeframes, Luna’s indicators remain extremely bullish. However, it is always best to be cautious during extremes.

Looking ahead, Luna has great support at $55. Should it enter a correction in the future, these levels should be well defended by bulls.

Chart by TradingView
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Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.

Cryptocurrency charts by TradingView.


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Haru Invest to Host Original Artwork of Keith Haring as NFT

[PRESS RELEASE – Please Read Disclaimer]

1 December 2021, Seoul, South Korea: Haru Invest, a leading digital asset management firm, has announced that it will host an original masterpiece of the contemporary artist Keith Haring as NFT. The sale of the original artwork called “Untitled” is set to commence from 1st December and continue till 10th December 2021.

The “Untitled” NFT features some of the most iconic artwork of Keith Haring including highly appraised signatures, a heart icon, a two-eyed smiling face, and primary colors with a high chromatic value. In Contrast to other NFTs, “Untitled” NFT has an intrinsic value. It corresponds to and is exchangeable with the original physical artwork. The NFT buyer must select whether to keep the digital NFT or swap it for the original physical artwork.

How the NFTs Will Work?

The NFT will be sold in a draw format, with applicants entering a pool upon application. A lucky winner will be selected at random from the pool of potential buyers to have the chance to purchase Keith Haring’s NFT.

Once the purchase is made, the buyer will have to make a decision within a year – whether to keep the digital NFT or exchange it for the original artwork. Upon exchange for the original physical artwork, the NFT will be burned. If the buyer chooses to keep the NFT, the original physical artwork will be destroyed.

Keith Haring – The Artist

Often introduced with the likes of Andy Warhol and Jean-Michel Basquiat, Keith Haring was a contemporary artist who contributed to American pop culture with the belief that “anyone should be able to enjoy art”. The “Untitled” (1980) belongs to the period when Keith Haring emerged as a star artist in American pop art back in the 1980s

Credit – TESSA Gallery

Keith Haring’s popularity has been growing in recent years – reaching 40th in Artist Ranking in 2021 (from 75 in 2016) and his auction volume rising as much as 3 times since 2010.

One of the reasons behind Keith Haring’s popularity is his artworks’ value, with the highest auction, at $6,537,500, taking place at Sotheby’s New York in 2017. Haring’s original physical artwork has demonstrated a surge in value that dwarfs the S&P 500 stock market index over the last two decades, with an average return on investment of 208%.

About Haru Invest

Launched in 2018, Haru Invest is a top digital asset management company that provides one of the highest-earning rates in the market on BTC, ETH, and USDT deposits. With zero security breaches to date and a smooth customer experience, Haru Invest has attracted customers from over 130 countries around the globe by surpassing the total transaction volume of $1 billion in November 2021.

The team at Haru Invest comes from a diverse background with a long experience in blockchain technology. The members have been successful in the various financial startups and consultancies with which they have been associated in the past.

With ever-expanding crypto services and products, the Haru Invest team is dedicated to creating a new paradigm in finance by breaking all barriers. They believe in keeping the investment fundamentals simple by promising equal benefits to all their customers.

For more information, please visit https://haruinvest.com

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