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Nasdaq-Listed Real Estate Company to Embrace Bitcoin, Ethereum, Dogecoin, and Shiba Inu Payments

Washington-based real estate firm – Harbor Custom Development, Inc. – will reportedly start accepting digital currencies as payment for its residential homes, apartments, condominiums, and other properties as of January 24th.

Crypto Making its Way in the Retail Estate Industry

According to a recent coverage, Harbor Custom Development, Inc. (Nasdaq ticker: HCDI) will embrace numerous digital assets as a means of settlement. Some of the assets include Bitcoin (BTC), Ethereum (ETH), Dogecoin (DOGE), and the self-proclaimed DOGE-killer Shiba Inu (SHIB).

Commenting on the matter was Jeff Habersetzer – Chief Operating Officer at the company:

“Acceptance of digital currencies for our real estate offerings is a logical step for Harbor and demonstrates our flexible business model that separates us from our industry peers.”

Harbor Custom Development sells properties in Washington; Sacramento, California; Punta Gorda, Florida; and Austin, Texas. The cryptocurrency option will be available for residents of all aforementioned states.

According to Sterling Griffin – President and CEO of the firm – the company will open its doors to an industry with a purchasing power exceeding $1 trillion by enabling digital asset payments. The initiative also “places Harbor in a first-mover position of adoption,” he added.


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Not The First to Embrace Crypto in The Field

In April last year, one of the largest estate companies in the US – Caruso – enabled its tenants to pay rent with bitcoin, should they choose to do so. The company also invested an undisclosed amount in BTC as part of its treasury management strategy.

A few months later, Arte Surfside – a building offering deluxe properties in Miami Beach – sold one of its oceanfront condominiums for a whopping $22.5 million. The deal became the most expensive residential transaction paid with digital assets. However, it was not disclosed what type of cryptocurrency the buyer used.

Subsequently, in September, the New York-based property management company – Magnum Real Estate Group – announced it will accept Bitcoin (BTC) as a payment method for the sale of a shopping center in Manhattan. If someone decides to employ the primary cryptocurrency as a means of payment, they will break the previous record as this property is worth $29 million.

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Uncategorized

Shiba Inu Price Analysis: SHIB Plunges 17% Weekly as Downtrend Accelerates

Key Support level: $0.000027

Key Resistance level: $0.000029

Last Saturday, SHIB fell to $0.000027, making a lower low which reconfirmed the downtrend. At the time of this post, SHIB appears to have formed a large downtrend channel which is characterized by lower lows and lower highs in price levels. The current resistance is at $0.000029, placing SHIB in a very tight range.

As long as SHIB is unable to stop this downtrend, the price will continue to go lower.

SHIBUSDT_2022-01-10_12-23-19
Chart by TradingView

Technical Indicators

Trading Volume: The volume continues to be low, and it seems likely that the cryptocurrency won’t see much interest from buyers so long as this downtrend is maintained.

RSI: The daily RSI almost reached the oversold area last weekend. However, the price action remains bearish, which could mean that RSI will eventually fall under 30 points.

MACD: The daily MACD is bearish, but the momentum has reduced a bit as the histogram made a higher low today. This is a good sign for bulls.

SHIBUSDT_2022-01-10_12-23-19
Chart by TradingView

Bias

The bias on SHIB is bearish. Price may fall below the current support level as it seems less likely for it to stay within this range.

Short-Term Prediction for SHIB Price

Hope in a reversal appears far away at this time for SHIB holders. Nevertheless, the price has reached a key area where further selling has a poor risk/reward ratio. As price continues to fall, buyers might become more tempted due to the opportunity cost of missing out on an eventual rally.

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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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Uncategorized

Bitcoin Struggles at $42K Ahead of New Week, AVAX Up 6% (Market Watch)

Following the latest price corrections, bitcoin attempted a quick recovery in the past 24 hours but was stopped at its tracks at nearly $43,000. Most altcoins are slightly in the green, while a few have produced more impressive increases, such as Avalanche and Polygon.

Bitcoin Stopped Before Reaching $43K

The primary cryptocurrency has been on a downtrend for several days. It traded above $47,000 on Wednesday before the bears took complete control over the market on Thursday.

In a matter of hours, they pushed the asset down by $4,000, and BTC reached an intraday bottom of $43,000. Although this was already a substantial correction, the landscape only worsened in the following 48 hours.

BTC lost another sizeable chunk of value on Friday and dropped to a three-month low of $40,500 on Saturday. It remained relatively calm on Sunday around $42,000 before the bulls attempted a quick recovery session that drove it to just shy of $43,000.

However, bitcoin failed to overcome that line, and the subsequent rejection drove it to just under $42,000, where it sits now. As such, its market capitalization is still beneath $800 billion.

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BTCUSD. Source: TradingView
BTCUSD. Source: TradingView

Alts With Minor Gains

The altcoins have suffered as well since Thursday. Ethereum traded above $3,800, but the market-wide retracement drove it to below $3,100. After this massive drop in days, ETH bounced off now sits above $3,150.

On a daily scale, the situation with the alts seems a bit more optimistic. Binance Coin, Solana, Cardano, Ripple, Terra, Dogecoin, and Shiba Inu are all slightly in the green. Polkadot is up by around 4% and sits at $25.

Avalanche and MATIC are the most substantial gainers from the larger caps. AVAX has added 5.5% of value and is just under $90, while MATIC has jumped by 6% to above $2.1.

The crypto market cap is still around $1.960 trillion, meaning that the metric is down by almost $300 billion since Thursday.

Cryptocurrency Market Overview. Source: Quantify Crypto
Cryptocurrency Market Overview. Source: Quantify Crypto
SPECIAL OFFER (Sponsored)
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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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Uncategorized

$300B Gone From Crypto Markets in 3 Days: Bitcoin Dipped Below $41K (Weekend Watch)

Bitcoin’s situation worsened once more hours ago as the asset dropped to a new three-month low beneath $41,000. Most altcoins are in a similar position today, and the overall losses from the past three days grew to $300 billion.

Bitcoin’s Latest 3-Month Low

It’s safe to say that the primary cryptocurrency has seen better days. In fact, they weren’t all that long ago as it traded at $47,000 on Thursday and even tried its hand at $48,000 on Wednesday.

However, the bears took complete control in the following 72 hours. Firstly, they dumped BTC by $4,000 before another drop drove the asset below $42,000 on Friday, as reported.

Yesterday seemed like a consolidation day as bitcoin stood around $42,000 for a while. However, this didn’t last long as BTC dived once more. This time, it fell to $40,500, which became the lowest price line since late September 2021.

As of now, the cryptocurrency has recovered some ground and stands approximately $1,000 higher. Nevertheless, its market capitalization is still below $800 billion.

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BTCUSD. Source: TradingView
BTCUSD. Source: TradingView

Altcoins Keep Dumping

The alternative coins have suffered just as badly as BTC, if not worse. Ethereum stood above $3,800 days ago, but now it’s just over $3,100 after another 3% decline since yesterday.

Binance Coin is down by 5.5% and struggles at $430. Solana (-4%), Cardano (-6%), Ripple (-3.5%), Polkadot (-5.5%), Terra (-1%), Avalanche (-5.5%), Dogecoin (-4%), Shiba Inu (-5%), and MATIC (-6%) are also deep in red.

Chainlink, yesterday’s best performer, is the only larger-cap alt that has endured this market correction without substantial losses.

In contrast, further losses come from Fantom (-12%), Oasis Network (-11%), Helium (-11%), NEAR Protocol (-11%), Zcash (-10%), Ravencoin (-10%), Gala (-10%), Loopring (-10%), and many others.

The cumulative market cap of all cryptocurrency assets is down to $1.950 trillion. This means that the metric has lost roughly $300 billion since the correction started three days ago.

Cryptocurrency Market Overview. Source: Quantify Crypto
Cryptocurrency Market Overview. Source: Quantify Crypto
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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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Uncategorized

Weekend Watch: After Volatile Week BTC at $42K, LINK Explodes 13%

After the enhanced fluctuations in the past several days, bitcoin finally calmed around $42,000. The situation with the altcoin is quite similar, except for Chainlink. LINK surged by 13% and trades above $26.

Bitcoin Sits Still at $42K

It’s safe to say that the past few days didn’t go well for the primary cryptocurrency. On January 5th, it traded at $47,000 after failing to overcome $48,000 despite numerous attempts.

This is where the landscape changed rapidly for the worse. Bitcoin started to lose value vigorously and dropped by $4,000 in hours, as reported on Thursday. BTC stayed there for a while, but another initiative from the bears drove it to $41,000 yesterday.

This became its lowest price point since late September. After that, BTC fluctuated a bit more, leading to $500 million worth of liquidations on a 24-hour scale.

As of now, the asset has recovered some ground and stands around $42,000, and its market capitalization is just shy of $800 billion.

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BTCUSD. Source: TradingView
BTCUSD. Source: TradingView

Chainlink Steals the Show

The alternative coins mimicked bitcoin’s performance in the past few days with enhanced volatility and substantial price drops. Ethereum, for example, traded above $3,800 just a few days ago but dipped to $3,100 yesterday. The second-largest crypto now sits above $3,200 after a minor daily increase.

More minor gains come from Binance Coin, Cardano, Polkadot, Avalanche, Dogecoin, Shiba Inu, MATIC, and others. XRP has increased by 2.5%, while Solana is up by 4%, despite the recent network issues.

Nevertheless, Chainlink is the most impressive performer. A 13% increase has driven LINK to well above $26. Moreover, the asset is among the few in the green on a weekly scale, as it has increased by 35% in this timeframe.

ICP (15%), Dash (13%), Secret (10%), Zcash (10%), and Celo (9%) have also recorded impressive daily gains.

The cryptocurrency market capitalization is down by $250 billion in the past few days and sits around $2 trillion now.

Cryptocurrency Market Overview. Source: Quantify Crypto
Cryptocurrency Market Overview. Source: Quantify Crypto
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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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Uncategorized

Bitcoin Dipped Below $41K as Crypto Correction Deepens (Market Watch)

After yesterday’s massive crash in the crypto market, bitcoin is still not out of the woods as the asset dropped to $41,000 hours ago. Most altcoins are in a similarly adverse position with a few exceptions, such as ATOM, which is up by more than 16% in a day.

Bitcoin’s Dump Continues

CryptoPotato reported yesterday the substantial market crash, in which the primary cryptocurrency plummeted by double-digit percentages from $47,000 to below $43,000.

This came after several consecutive days of sitting relatively calmly around $47,000. Following this painful drop, BTC remained just above its intraday bottom, but the situation worsened hours later.

The asset went south once more and lost another $2,000 of value. This resulted in a drop to another three-month low, this time at precisely $41,000.

Since then, BTC has reclaimed some ground and even touched $43,000 before getting rejected and pushed to just over $42,000, where it sits now. As such, it’s approximately 2% down on the day, and its market cap has declined to $800 billion.

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BTCUSD. Source: TradingView
BTCUSD. Source: TradingView

Alts’ Correction Continues: But Not for ATOM

The alternative coins suffered just as badly as BTC yesterday, and most are in a similar position today. Ethereum traded above $3,800 just a few days ago but dumped below $3,400 yesterday. Another 4% decline since then has driven the second-largest digital asset to $3,250 as of now.

Binance Coin (-2.5%), Solana (-6%), Polkadot (-2%), Terra (-4%), Avalanche (-3.5%), Dogecoin, and Shiba Inu are also in the red. In contrast, Cardano, Ripple, and MATIC have marked minor gains.

Interestingly, ATOM has outperformed all other larger- and mid-cap alts with a substantial 17% jump. Consequently, the asset now trades well above $40.

Although other smaller-cap altcoins like Counos X have exploded by double-digits as well, the crypto market cap is down to $2 trillion. This means that the metric has lost more than $250 billion in two days.

Cryptocurrency Market Overview. Source: Quantify Crypto
Cryptocurrency Market Overview. Source: Quantify Crypto
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Cryptocurrency charts by TradingView.


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Uncategorized

SHIB Down to 65% Below ATH Levels, Here is the Key Support to Watch (Shiba Inu Price Analysis)

Key Support level: $0.000029, $0.000023

Key Resistance level: $0.000034 

There is one good thing about this latest crash in price: SHIB managed to avoid a lower low in price (compared to December 20th). For this reason, if SHIB holds at the current support of $0.000029, then maybe it has a chance to consolidate around the current level. The resistance is found at $0.000034.

Chart by TradingView

Technical Indicators

Trading Volume: Despite an increase in volume during the crash yesterday, the overall volume for SHIB remains low if we compare it to the rally period from late 2021. This shows a lack of interest in SHIB, particularly during bearish price action.

RSI: The daily RSI did a lower low, even as the price managed to narrowly avoid it. This is bad news for buyers, and likely the key support will be put under stress again soon.

MACD: The daily MACD is bearish, with momentum building up as the price is falling and the histogram is making lower lows. Until this reverses, it is unlikely for SHIB to stop the downtrend.

Chart by TradingView

Bias

The bias on SHIB is bearish.

Short-Term Prediction for SHIB Price

The cryptocurrency seems to attract attention only during an uptrend, with little volume on the downtrend. This means that price can fall much more on lower volume than initially expected, mostly due to a lack of buyers. The key support at $0.000029 may hold SHIB from further losses, but that is a hard ask considering SHIB fails to bring buyers back.

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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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Uncategorized

$200 Billion Evaporated From Crypto Markets as Bitcoin Drops to 3-Month Low (Market Watch)

After consolidating around $47,000 for several days in a row, bitcoin dumped by double-digit percentages in the past 24 hours to a three-month low beneath $43,000. The altcoin space is also deep in the red as the entire market cap lost $200 billion in a day.

Bitcoin Plummets Hard

The past several days seemed quite untypical for bitcoin as the asset remained relatively still around the $47,000 mark. A few exceptions came and disappeared quickly when the bears halted each attempt to go higher rather quickly.

However, it all changed in the past 24 hours. As BTC stood around $47,000 again, it started to lose value rapidly. In a matter of hours, it dumped by more than $5,000 and dropped to an intraday bottom of $42,500.

This 11% daily decline meant that BTC reached its lowest price line since September 30th, beneath $43,000. As of now, it has added a few hundred dollars, but it’s still below that particular line.

Moreover, its market capitalization has decreased to just over $800 billion. This correction coincided with similar price developments in the stock markets following a Fed announcement in regards to its balance sheet.

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BTCUSD. Source: TradingView
BTCUSD. Source: TradingView

Altcoins See Nothing But Red

As it generally happens when BTC heads south vigorously, so do the altcoins. Ethereum dabbled with $3,800 for a few days before the market-wide correction pushed the second-largest crypto down to its current price line below $3,400, meaning a 12% daily decline.

The rest of the larger-cap alts have lost similar percentages in a day. These include Binance Coin, Solana, Cardano, Ripple, Polkadot, Terra, Avalanche, Dogecoin, Shiba Inu, and MATIC.

The situation with the lower- and mid-cap alts is quite identical. Curve DAO Token (-19%) leads the way, followed by Loopring (-18%), ICP (-18%), Axie Infinity (-17%), Compound (-17%), Tezos (-16%), SushiSwap (-16%), and many more.

Ultimately, the cumulative market cap of all digital assets lost roughly $200 billion in a day, and the metric is down to just over $2 trillion.

Cryptocurrency Market Overview. Source: Quantify Crypto
Cryptocurrency Market Overview. Source: Quantify Crypto
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Cryptocurrency charts by TradingView.


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Uncategorized

Market Watch: Chainlink (LINK) Soars 9%, Bitcoin’s Sideways Action Continues

Bitcoin is still unable to produce any significant gains and fell below $47,000 once again. Its dominance continues to decrease, while some smaller and mid-cap altcoins outperform it. In the past 24 hours, such is the case with Chainlink, which spiked by nearly 10%.

Bitcoin Failed at $47K

It’s safe to say that BTC has not produced any of its enhanced volatility lately that it’s so often criticized for. The last more notable fluctuation came on December 31st when it pumped suddenly from $47,000 to $48,500 but retraced even more vigorously to $45,800 in hours.

The asset started the new year on a more positive note and jumped back to $47,000, where it spent the next few days. Yesterday, it dropped below $46,000 once more before the bulls stepped up and pushed it to $47,500.

Yet, the cryptocurrency failed at that level and found itself sitting at $45,800 hours later. As of now, it has jumped to nearly $47,000, but its market capitalization is still below $900 billion.

Moreover, BTC’s dominance over the altcoins continues to fade away, and it has declined below 40% on CoinMarketCap.

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BTCUSD. Source: TradingView
BTCUSD. Source: TradingView

LINK Takes Over

Most larger-cap altcoins have been equally calm lately. The past 24 hours are no different. Ethereum has dabbled with $3,800 for several days and now trades just above it after a minor 1.5% daily increase.

Binance Coin, Solana, Cardano, Ripple, and Polkadot are slightly in the green as well, while Terra, Avalanche, and Dogecoin have charted minor losses.

Chainlink is the most significant gainer from here. LINK has surged by 9% in a day and sits north of $25.

More increases come from ICP (24%), Mina (16%), BitTorrent (15%), Velas (14%), Immutable X (11%), Helium (11%), and The Graph (10%).

The cryptocurrency market capitalization has risen slightly to $2.250 trillion.

Cryptocurrency Market Overview. Source: Quantify Crypto
Cryptocurrency Market Overview. Source: Quantify Crypto
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Cryptocurrency charts by TradingView.


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Uncategorized

Shiba Inu Price Analysis: SHIB Stuck in a Limbo, Will Bulls Manage to Take Control?

Key Support level: $0.000030 

Key Resistance level: $0.000038 

The New Year celebrations had quite an impact on SHIB’s price action, which appears stuck at $0.000034. This is the exact mid-point between the key support at $0.000030 and resistance at $0.000038. Hopefully, volatility will return soon, and SHIB’s price will choose a direction.

Chart by TradingView

Technical Indicators

Trading Volume: The volume is extremely low, and the price action shows it. If this continues, then the cryptocurrency will simply move sideways. Usually, when the volume reaches extremes, there is an equal reaction in terms of price action in a not too distant future. We will revisit this chart once that happens.

RSI: The RSI on the daily is under 50 points and did not move much in the past week. If buyers can come back to SHIB, then the bullish momentum can return.

MACD: The daily MACD remains bullish and may curve back up again after this quiet period. It is up to the bulls side of the market to make this happen.

Chart by TradingView

Bias

The bias on SHIB is neutral. At the time of this post, the trend is flat.

Short-Term Prediction for SHIB Price

SHIB is moving sideways without volatility. The key support and resistance are unlikely to be tested any time soon if the cryptocurrency continues to lack any momentum.

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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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