Category: Cryptocurrency News

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This latest raise brings Kyash’s valuation to approximately $107.7 million.

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This is such a blatant money grab; it's baffling that people are buying into it. So many examples of this have been done before, including but not limited to Safemoon, etc. APE is a group of opportunists and marketing experts taking advantage of the hype to make rich people richer. Owners of Bored Ape NFTs…
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NFTs have seen a steady increase over the last few years, seeing trading volumes in quarter three of 2021 reach nearly $11 Billion. This year has seen just as much success for this new investment class, with an estimated 250,000 people trading NFTs each month on OpenSea. As the progression of NFTs presses forward, new use cases are found, bringing new utility and functionality to these tokens. One industry that has adopted NFTs is sports. With the popularity of sports, many new users flock to NFTs, bringing these once niche tokens to the mainstream. Sports NFTs typically depict game moments, players, and more, providing fans with innovative ways to support their favorite teams or players. Overeality has created a metaverse community bringing together sports fans and NFT users together using its new form of social token governed by DAO technology. Overeality has improved access to the digital economy with its platform, making it easier for fans to support the sport they love. Overeality has created a metaverse and NFT community that is focused, curated, accessible, and driven by people. Their platform gives everyone involved agency by allowing them to have ‘skin in the game’ and equity in all future endeavors. New Partnership Overeality has recently partnered with Vinícius José Paixão de Oliveira Júnior or Vini Jr., a Brazilian professional footballer who plays as a forward for Spanish club Real Madrid and the Brazil national team. This strategic partnership will include a series of exclusive NFTs that will drop on Overeality’s platform. The collaboration with Vini Jr. has led to the creation of four NFT drops featuring his likeness that will be minted, marketed, and sold. There will also be autographed memorabilia given to a few lucky token holders. While this is the first partnership made by Overeality that was announced to the public, the project already has plans to partner with many other prominent figures within the sports industry, which will soon be announced. More on Overeality’s Metaverse & NFT Community Recently, Overeality launched its curated metaverse and NFT community that encourages those within the digital economy to get involved and explore. By combining an accessible, easy-to-use platform with sports and NFTs, Overeality looks to build something that mainstream audiences can quickly adopt and use. The platform’s authentic NFTs featuring some of the world’s most prominent celebrities, GameFi experiences, and events for the community will help foster a userbase that will shape the way fans interact with sports, athletes, and celebrities. The fan-driven marketplace created by Overeality also allows DAOs to pick the next original IP NFTs depicting some of the most ubiquitous names in sports, music, and entertainment to mint. This marketplace will also allow users to interact and join communities surrounding exciting new tokens so they can get involved and keep up to date with the latest and greatest from the industry. The platform also tends to creators just as much as it does for those looking to purchase new NFTs. Through the marketplace, NFT creators can showcase and launch their new projects to relevant and receptive communities, with the community members themselves choosing which one is greenlit. Each token holder has a say in what NFTs are created with this system, giving them a crucial role in the governance process. The community-based tokens created by Overeality guarantee token holders sustained equity over time. The powerfully portable technology designed by Overeality is also platform-agnostic and interoperable for other blockchains. Each part of the platform’s design was built to help level the playing field for investors and bring people together, as only the blockchain can do. One of the most significant ambitions Overeality has is to cultivate unique individual NFT cultures within the metaverse, which will help bring together important cultural hallmarks and iconic brands from the real world into the virtual space.   Image: Pixabay

Ethereum has moved above $2,700 following the Fed announcement yesterday. The highly anticipated meeting had been concluded, coming out that the Fed had increased interest rates by 0.25%. Ethereum has responded positively to the news and had rallied out of the slump it had been in since the last dip. Now the digital asset sits above $2,700 but it is still far from stable at this price point. What The Rally Did Ethereum’s rally on Wednesday was a welcome one, showing more bullish tendencies towards cryptocurrencies following the Fed’s decision. After completely smashing the $2,522 resistance point, the digital asset is on to test much bigger resistance points. This resistance being mounted by bears just below $2,800 has seen ETH ricochet back down. Related Reading | Small Cap Altcoins In The Green In Pre-Spring Crypto Surge Nevertheless, the recent rally has set the digital asset on a bullish path, even if just in the short term. It is now trading above the 20-day moving average, meaning sentiment towards purchasing the asset at these prices is shifting towards the positive. Indicators point towards significant support forming for the cryptocurrency just above the $2,600 level. But at its current price, the next resistance point lies at $2,839. A simple break above $2,800 would make easy work of this as this is the position that bears need to hold. Otherwise, a fall would send the digital asset once more to the $2,600 level, somewhere that bulls want to avoid going forward. Ethereum On A Bull Trend With the market in its current trend, there are important points that digital assets need to touch to establish another bull run. For Ethereum, this lies above $2,800 according to crypto analyst Justin Bennett. This position would expose the digital asset to $3,000 where the next test would lie for buyers. One can safely assume that buyers would need to maintain or even increase momentum above this point to keep up the bull trend. Related Reading | Today’s Crypto Boost: The FED, Inflation, And Global Adoption Furthermore, a break above $3,000 and Ethereum be on its way to $3,600 in what the crypto analyst describes as a spring. At this point, the digital asset would have solidified another rally, likely pushing up towards $4,000. ETH trading above $2,800 | Source: ETHUSD on TradingView.com On the flip side of this is the drop that could keep the digital asset down. If Ethereum closes below the next resistance point, then it could be back down to its next level with significant support which has proven over the past couple of weeks to be the $2,500 level. At the time of this writing, Ethereum is trading in the green at $2,759. It is currently a battle between the bulls and the bears, evidenced by the zig-zaggy trend lines displayed on the chart in the early hours of Thursday. Featured image from CNBC, chart from TradingView.com

Head of international policy at Chainalysis explains why crypto is not a silver bullet for evading international sanctions.