Swell Network (Lido alternative) have launched to mainnet today for their guarded launch. Link below: https://swellnetwork.io/ Disclaimer – I'm balls-deep in this one. submitted by /u/Crumbedsausage [link] [comments]
submitted by /u/Major_Bandicoot_3239 [link] [comments]
Welcome to the Daily General Discussion thread. Please read the disclaimer and rules before participating. Disclaimer: Consider all information posted here with several liberal heaps of salt, and always cross check any information you may read on this thread with known sources. Any trade information posted in this open thread may be highly misleading,…
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https://youtube.com/shorts/9b_0RIWY5pg[not real telsa bs](https://youtube.com/shorts/9b_0RIWY5pg) Gotta admit, they did a good job on the deep fake though. submitted by /u/TheGreatGameDini [link] [comments]
I think it is pretty clear that the NFT ecosystem today is quite centralized. I am trying to get a better idea of how this decentralization might evolve as ethereum (+ L2s) evolve. Do you know of any projects, or perhaps any utility use cases for NFTs that are actually aiming for more decentralization at…
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The investment management giant Invesco has launched a metaverse fund that will invest in a myriad of startups focused on metaverse technology, a Citywire report detailed on Monday. “We will seek to capitalise on these opportunities through a highly selective, valuation-conscious approach,” Tony Roberts, Invesco’s fund manager, explained. Invesco Reveals Metaverse Fund — Investment Manager […]
You heard it right ladies and germs, Safemoon is coming out with an exchange, and I know you'll all be terribly excited to try it, so to cultivate some hype I've compiled a list of the reasons why you should consider moving from Binance or Coinbase to Safemoon!! #1 Safety It's in the name, right?…
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A while back in business school we had some classes on the stages of adoption; starting with absolutely insane people that invent the thing and going all the way to the end of the journey with somebody being forced to buy the thing because it’s mandatory after being in the market long enough and finding…
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Bitcoin had been able to break out of its red streak earlier in the year after making 11 consecutive red weekly closes. With the market recovery, the digital asset had begun to return some green weekly closes. That is until the market correction, and bitcoin lost about $4,000 off the top of its value. This resulted in a weekly close for the prior week, and even though it looked like a recovery might be on the horizon, bitcoin has recorded another red weekly close. Two Red Closes Within the last couple of weeks, bitcoin had seen some incredible movements that had returned faith in the market. The cryptocurrency had risen as high as $25,200 before being beaten back down by the bears. Nevertheless, the cryptocurrency continues to maintain a strong bullish trend, although at a much lower price level. Related Reading: Investor Sentiment Falls As Crypto Market Sheds $100 Billion Due to the retracement back down from $25,200, the digital asset had recorded its second consecutive red close. Two red weekly closes are no cause for alarm for a highly volatile digital asset such as bitcoin, but it has often set a precedent in the past. An example of this is back at the beginning of April when the asset had seen two consecutive red weekly closes. It would go on to see another 9 red closes, the longest in the history of bitcoin. However, looking at other times when the digital asset had seen such trends, it had not spent too long in it. One example of this is back in June when the market had declined to $17,600. It was the second consecutive red weekly close, but the reversal was swift. A Bitcoin Rebound In The Works? One of the biggest threats to wealth is rising inflation. This primarily impacts the purchasing power of the currency depending on how large the inflation rate is. The last three reports from the Fed have seen inflation rates hit the highest they have ever been in the last 40 years. This, understandably, triggered panic among investors. With the rising inflation, more investors are moving to cryptocurrencies such as bitcoin. This is because the digital asset has always been ahead of the inflation rate. Where the inflation rate has reached as high as 9%, bitcoin had seen yearly returns of more than 200% last year. Given this, it is expected more investors will move funds into the “digital gold.” On-chain analytics firm Santiment has also revealed that it expects the digital asset to recover in the new week. This is due to the fact that short positions on exchanges have ramped up following the price decline. With so many people betting against the market, it becomes an opportunity for investors to accumulate, and accumulation trends often precede sharp recoveries. Related Reading: Bitcoin Price Declines Below 50-Day MA, Is A Recovery Expected? Bitcoin’s price is still holding up nicely. The digital asset had previously fallen below $21,000 on Sunday but had recovered once more to be trading above $21,200. Bitcoin is also showing meaningful support on the 4-hour chart ahead of the opening of the trading day. If it maintains support at $21,200, then this will likely serve as a bounce-off point for the cryptocurrency. Featured image from GoBanking Rates, chart from TradingView.com Follow Best Owie on Twitter for market insights, updates, and the occasional funny tweet…
To summarize quickly what has happened: a top alt coin and it’s stablecoin went to pretty much 0$ bitcoin has dropped -50%, climbed back up +66% just to fall again -66% multiple exchanges took a heavy hit laying off workers and losing a lot of value DEFI collapses lenders like Celsius are bankrupt NFT hype…
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