Author: dfmines

Before you start I do not recommend anyone to invest. All the data of this post are just speculation. Data from this post is from 12/10/21 Currently each moon is worth 0.19$. To be a millionaire with this value you’d need to have 5.3M moons. TOP1: If Moons had Bitcoin market cap of $1.1T, 1…
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Shiba Inu (SHIB) is still on a bull trend after its meteoric rise last week. The asset had rallied 266% and by the time the rally reached its peak, SHIB had grown over 400% in a matter of hours. Its sudden rise in price has been attributed to a number of things. One of the most prominent being the tweet by Elon Musk of his pet Shiba Inu which he had gotten last month. However, the price recovery had occurred at a point where the asset had been seeing massive amounts of coins dumped that led to a dip in its price. SHIB had hit a new six-month high at this point and sell pressures had mounted in the community. This was mostly due to the history of the meme coin which has no utility to speak of except the hype from its backers. SHIB Holders Dump Billions Santiment reported the digital asset had seen a record dump following its price rally. A reported 31.07 billion coins had been dumped by holders. Mostly from wallets that held between 1 million to 10 million SHIB in their wallets. Related Reading | FTX CEO Sam Bankman-Fried Reveals Reason Behind Billions Of Dollars Tether Purchase An interesting fact about this dump was that it had been mostly small traders who were dumping their bags. Contrary to expectations, Shiba Inu whales have mostly held their bags through the rally. While small-time traders shed their holdings onto micro traders. The dump patterns had shaken the price of the asset, causing its hold on its new highs to falter in the meantime. But this would prove to not have a lasting effect on the market given that the price of the digital asset had rebounded from its Thursday lows, with a green seven-day trading average of 83.45%. SHIB price falls to $0.000028 | Source: SHIBUSD on TradingView.com Shiba Inu Benefiting From The Altcoin Craze Bitcoin has shown investors the potential of investing in cryptocurrencies. But at its current value, investors have moved on to find what could be ‘the next bitcoin’ and altcoins have generally benefited from this sentiment. The push for short-term gains in the market is also a reason behind the success of meme coins like Shiba Inu. Over the long term, top cryptocurrencies like bitcoin and ethereum have proven to be the better choice. Altcoins, however, have shown the most promise with short-term gains, especially coins which are hype-driven. Related Reading | Bitcoin Over $100,000 Is Still Possible By Year-End, Says Research Analyst Projects like these will experience significant price movements in reaction to things like a celebrity tweeting or posting about them. Investors can see massive gains from investing in these projects in just a matter of hours. But these coins crash as quickly as they had risen. Usually due to the hype around them dying down. Or in worst-case scenarios, the developers execute a rugpull and leave investors to deal with their now worthless coins. Featured image from CoinGecko, chart from TradingView.com

This came from an IIF event yesterday where he also said, "Our clients are adults, they disagree, that's what makes markets. If they want to have access to buy or sell bitcoin, we can't custody it, but we can give them legitimate, as clean as possible access." He also called Bitcoin worthless and has previously…
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Bid and ask levels are flipping bullish as BTC/USD heads towards $60,000, data shows.

submitted by /u/Cryptostormz [link] [comments]

I'm thinking about moving my assets over to arbitrum or optimism. I read some really good things about them such as reduced gas fees or faster transactions. However, I could not find any downsides to them. Are there any risks when using L2 solutions? Can I lose my coins if they get hacked? What things…
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Derived Finance, a decentralized synthetics assets trading platform, announced a $3.3 million funding round led by over 30 crypto venture capital firms. Announced Tuesday, Derived Finance successfully completed a private funding round raising over $3.3 million shortly before launching their initial DEX offering, slated for October 13th. The funding will be used to develop key features for the Derived Finance ecosystem, build additional multi-chain solutions, and add more synthetic assets to the platform. The funding round attracted some of the biggest names in the crypto venture capital industry led by GSR and included AU21, Poolz, Nabais Capital, Dweb3, Occamfi, and Genblock Capital, among others. California-based AU12 Capital and Lisbon-based crypto VC Nabis Capital also participated in earlier rounds. “We are thankful to all the investors who reposed their faith in us and joined the fundraiser. More than 30 Venture funds participated in the funding round, with over $3.3 million raised,” Bharat Verma, CEO of Derived Finance. “Together we will use the synergies to build Derived Finance, which is the next-gen Multi chain Synthetics Trading Platform.” Simply put, Derived allows users to trade assets without owning them or holding the underlying asset allowing them to trade with a reliable and easy-to-track price using derived tokens. Users can trade on leverage on both traditional and digital assets while remaining decentralized. According to the statement, the private investors in the round aim at growing the value propositions the platform offers in building the global decentralized trading of synthetic assets. Derived, a Cardano-based platform, is the first-of-its-kind decentralized multichain DEX that allows trading of synthetic assets. The platform leverages the interoperability qualities of Polkadot to provide cross-chain trading services on multiple blockchains including Ethereum, Polkadot, Cardano, Avalanche, and Binance Smart Chain, etc. Additionally, the platform allows users to leverage (up to 3X) staking of its native DVD token (launched in an IDO) and minting of USD-stablecoins. It also allows users access to unique features in digital finance trading such as the ability to create Hybrid Tokens (both in the traditional and digital finance space) and access to features like binary options, multiple native currency support, 0% Slippage, and unlimited liquidity with other features set to launch in the future. The funds will further the development of multi-chain support systems, which will be key for the platform to operate across a wide variety of crypto ecosystems and provide efficient transaction routes for traders. Finally, the team is working on offering multiple traditional currencies on the platform with an aim to promote the global adoption of decentralized finance and crypto.

ConsenSys, a leading Ethereum software company, today announced the acquisition of the Treum team and its NFT platform from Mesh, a Web3 incubator, for an undisclosed amount. With this acquisition, ConsenSys is welcoming a team of creators, product managers, and software developers who have pioneered use-cases of Non-Fungible Tokens (NFTs) since their formation in 2017.…
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ConsenSys, a leading Ethereum software company, today announced the acquisition of the Treum team and its NFT platform from Mesh, a Web3 incubator, for an undisclosed amount. With this acquisition, ConsenSys is welcoming a team of creators, product managers, and software developers who have pioneered use-cases of Non-Fungible Tokens (NFTs) since their formation in 2017.…
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