I posted about this last month when the markets were going a little haywire, so I thought it would be a helpful reminder that the last Friday of every month is the big options expiration. The guys with the rights to sell high (puts) are battling the guys with the rights to buy low (calls).…
Read more
Bullish sentiment surrounding crypto has not wavered despite the recent market correction that saw Bitcoin fall to sub-$57,000 levels.
It's not worth it, trust me. Any gains they make will be their own accomplishment and any losses will be all your fault. Moreover, I'm of the opinion that you definitely don't want to be the "crypto guy" in your family or friend group, for many reasons. First, you probably won't endear yourself to anyone…
Read more
Bitpanda, an Austrian-based crypto exchange service company, and French-based financial app Lydia announced today they’ve joined forces to offer Lydia’s 5.5 million users access to cryptocurrency. Lydia will leverage Bitpanda’s White Label Solution, an API-driven infrastructure that enables organizations to provide their users access to crypto exchange. Founded in 2014 as a crypto-trading company, back…
Read more
Bitcoin has chosen violence. The first crypto by market cap trades at $57,873 with a 3% loss in the daily and an 11.2% loss in the weekly chart. After making a push close to $60,000 Bitcoin was rejected and has trended to the downside for the past 2 hours. The benchmark crypto might have reacted to the potential re-appointment of the U.S. FED Chair Jerome Powell to his position for a second term. Related Reading | This Bitcoin Metric Hints At Bottom, Is BTC Out The Woods? Data from Material Indicators suggest the move to the upside was driven by investors with orders with an estimated value above $1 million (whales). As seen in the chart below, these investors, along with retail investors and others with bid orders above $1,000 sold as soon as BTC’s price reached $59,000. As the chart shows, there is almost no resistance or support for Bitcoin at the levels. To the downside, significant supports (below the blue line, BTC’s price, in the chart) sit at around $55,000, and to the upside, $60,000 stands as the biggest resistance (above the blue line in the chart) for BTC’s price in the short term. According to data from Glassnode, the Short-Term Long Term Realized Valued (SLRV) for Bitcoin is back to below 0.4. As seen in the chart below, whenever BTC’s price hits these levels, the cryptocurrency tends to appreciate. Related Reading | Bitcoin Bounces To $58K, Why Bears Could Spill More Blood Pseudonym analyst On-Chain College commented the following on what this indicator suggests for Bitcoin in higher timeframes: What I find most interesting is the relationship of this ratio between now and the run up earlier this year. Notice the SLRV Ratio rising as price rose in the beginning of this year vs. a steady decline/consolidation as price rose a few months ago… Bullish Bitcoin Still On A Moon Mission? Despite the recent downwards price action, Bitcoin’s fundamentals remain bullish. Additional data provided by Glassnode noted an increase in the number of addresses with an estimated balance above $0. This metric indicates a rise in adoption most likely triggered by the approval of the Bitcoin Law in El Salvador and the growth and its second-layer solution Lightning Network. Since BTC’s price made a run from its yearly open ($29,000) to an all-time high ($69,000), the market became overheated. The approval of the first BTC-linked ETF in the U.S. didn’t contribute to the above with the derivatives sector recording an increase in positive funding rates. This metric has returned to a neutral state after BTC’s recent crash. Related Reading | Bitcoin Resumes Decline, What Could Trigger More Downsides However, experts believe that BTC still needs to flash out the short-term holders and speculators before re-entering price discovery. NewsBTC’s Editorial Director Tony Spilotro expects Bitcoin to retest support around $56,000 in the short-term following a similar pattern that in September before BTC broke away from a previous range and above $65,000 for the first time since its inception.
The incredible price rally appeared in line with a bull run across gaming and metaverse tokens.
Dvision Network has announced that it will start offering the LAND NFTs in its metaverse, which represents the digital estate ownership in Dvision World. The anticipated launch of the first Meta-Cities will see lots sold in both New York and Seoul as part of a 10-part launch that is scheduled to take place over two years. Dvision Network has partnered with Binance NFT and NFTb to successfully carry out the sale on partners’ platforms, as well as Dvision Network’s Marketplace. Exclusiveness of land ownership Owning LAND gives users exclusive rights/digital in the Meta-Space in which the lots are located. The lands are registered as NFTs on the Binance Smart Chain (BEP-721) and are valuable assets for users in the Dvision Metaverse who can later customize his virtual real estate in various ways and create new profit allocation resources out of it. The first land sale is scheduled to begin on November 24th at 8:00 PM KST (11:00 AM UTC). The launch will also mark as the biggest “LAND Sale” in Dvision World in collaboration with Binance NFT and NFTb platforms. In total, there will be 20 Meta-Cities launched over a period of two years and only 200,000 LANDs will be sold over the lifetime of the Dvision Metaverse. Dvision Network will gradually transfer ownership of the LAND to users over this time frame. How To Get LAND In The Sale The sale of LANDs will occur through a tripartite partnership between Dvision Network, Binance NFT, and NFTb. Each platform will feature a fixed number of LANDs available for sale with purchase options. Dvision Network will offer 1,469 LAND lots on its native Dvision Marketplace. These LANDs will be offered to users without any randomization. All Dvision Network marketplace LAND Lots will be offered individually with its specific location on a map. Users are able to purchase LAND using Dvision Network’s DVI tokens. Binance NFT will feature 1,452 mystery boxes available exclusively to verified Binance.com users. Each one will contain up to 14 different LAND Lot NFTs, with specifications ranging from Regular LAND 1×1 to Premium LAND 3×3 size. Similarly, users can visit NFTb Launchpad during INO and grab up to 5 LAND Boxes out of 1,495 available. The LAND Boxes on the launchpad are classified by tiers with various access levels. The 1st tier will only have access to the regular LAND Box, while 4th tiers have access to the legendary LAND Box. LAND Allocation The LANDs in the Dvision Metaverse will be divided according to a 40-40-20 split mechanism. 40% of LAND will be available for purchase upon launch of each Meta-City in the metaverse. This is to provide Dvision users a ready-to-create platform that they can purchase. Players will be able to create a limitless amount of diverse content on their LANDs in the Dvision Metaverse. The second 40% portion is allocated to the Play to Earn Concept. Every Meta-City is segregated into three territories (User-Owned, Management-Owned, and Infected Area.” The infected area makes up the 40% of available LANDs that powers the play to earn features in the metaverse. Users who successfully clear infected lots receive DVI tokens from the sale of the LAND that equals their contribution to the prices. The last 20% of LAND is allocated to the Dvision Team. This portion will be used to allocate LANDs to strategic partners to place their brand-specific content, introduce diverse initial pieces of content, and some will be reserved for future use cases. The countdown to the sale has already begun on the Dvision website. More information will be available at the end of the countdown. Meanwhile, the LAND Sale will commence promptly on November 24th at 11 AM UTC. This teaser released by Dvision emphasizes the importance of the partnership between Binance NFT, NFTb, and Dvision Network and shows the opening of the New York and Seoul Meta-Cities.
I truly believe that Polygon is the backbone of the metaverse at this point. Who cares about shady Facebook. They changed their company name to meta and honestly a lot of people aren't in-love with this. With the main goal being to be as decentralized as possible. Facebook isn't it. Polygon is the real metaverse.…
Read more
submitted by /u/samdane7777 [link] [comments]
submitted by /u/irreverentmike [link] [comments]
