34029
Crypto trends DeFi NFT & More Owner : @Azukicollector
SHIB developers aim to leave meme coin label behind with new identity protocol launch — link
🔊@Crypto_Nfts_Metaverse
Bored Apes and Animoca Brands cross paths with crypto fighting game — link
🔊@Crypto_Nfts_Metaverse
Latin American crypto company Ripio launches U.S. Dollar-pegged stablecoin — link
🔊@Crypto_Nfts_Metaverse
Throughout the first half of 2023, Aptos' native token APT was the best-performing token among Layer 1 smart contract platforms — link
🔊@Crypto_Nfts_Metaverse
Argent takes key step towards 'invisible wallet' with newest web wallet launch — link
🔊@Crypto_Nfts_Metaverse
Despite name brand NFT deals, Nifty's shuts down — link
🔊@Crypto_Nfts_Metaverse
Amazon Prime is giving out free NFTs for this Polygon game — link
🔊@Crypto_Nfts_Metaverse
Consensys sued over MetaMask intellectual property: CoinDesk — link
🔊@Crypto_Nfts_Metaverse
Gaming giant Bandai Namco launches AI virtual pet NFT game — link
🔊@Crypto_Nfts_Metaverse
Mysten Labs’ Sui adds native liquid staking with network upgrade — link
🔊@Crypto_Nfts_Metaverse
Polygon saw a five-fold spike in deployed contracts in Q2, and it ranked sixth in developer activity through the first half of 2023 according to Electric Capital, boasting 201 full-time developers and 837 total developers — link
🔊@Crypto_Nfts_Metaverse
Kenyan government suspends activities of Worldcoin in country — link
🔊@Crypto_Nfts_Metaverse
🪙 Ordinals Reach 20 Million Milestone, But Bitcoin-Based NFT Sales Slide
On July 28, 2023, the tally of Ordinal inscriptions achieved a significant milestone, exceeding 20 million. These Bitcoin Ordinals, digital asset inscriptions within the Bitcoin blockchain, enable users to affix information to individual satoshis, the smallest fraction of BTC. Pioneered by Casey Rodarmor and facilitated by Bitcoin’s Taproot upgrade, this technology catapulted the blockchain into prominence. As the numbers swelled into the millions, Bitcoin Ordinal inscriptions contributed to making the blockchain the second-largest in weekly NFT sales, time and time again. The week from July 22 to July 29, 2023, however, painted a different picture. Bitcoin-centric NFT sales slumped by 35.22%, as per the statistics on cryptoslam.io. Data revealed that Bitcoin-based NFT sales amounted to $4.54 million during the past seven days, relegating the blockchain to a seventh-place position, below Polygon. Meanwhile, Solana (SOL), with $6.61 million in NFT sales, clinched this past week’s second-place spot. Among the top 20 priciest sales, a mere two Ordinals secured positions in this week’s rankings. Data from Dune Analytics further illustrates a decline in volumes since mid-July concerning marketplaces engaged in Ordinal trades, including Okx, Unisat, Magic Eden, Gamma, Open Ordex, Ordinals Wallet, Ordswap, and Ordinals Market.
🔊@Crypto_Nfts_Metaverse
Among the most profitable NFT projects by royalty earnings, Yuga Labs has generated a staggering $178.8 million in royalties. RTFKT is the second-most profitable project, with $83.7 million, and Chiru Labs is third, with $59.2 million — link
🔊@Crypto_Nfts_Metaverse
Curve founder Michael Egorov sells more CRV to DCFGod and others — link
🔊@Crypto_Nfts_Metaverse
June vs July active addresses by chain — link
🔊@Crypto_Nfts_Metaverse
More money for creators: NFT minting platform Zora initiates new revenue split — link
🔊@Crypto_Nfts_Metaverse
Metaverse project Futureverse's co-founders start $50m venture fund — link
🔊@Crypto_Nfts_Metaverse
Binance Labs, Sequoia China and others invest $2.5 million in zkPass — link
🔊@Crypto_Nfts_Metaverse
Coinbase sets public launch of ‘Base’ layer 2 blockchain for next week — link
🔊@Crypto_Nfts_Metaverse
Bitcoin Ordinals break daily inscriptions record, but trading nosedives — link
🔊@Crypto_Nfts_Metaverse
Over 2 million people signed up for Worldcoin: CEO — link | archive
🔊@Crypto_Nfts_Metaverse
Curve debacle triggers transaction frenzy, sending Ethereum ‘MEV’ rewards to record high — link
🔊@Crypto_Nfts_Metaverse
Litecoin undergoes 3rd 'halving,' in milestone for 12-year-old blockchain — link
🔊@Crypto_Nfts_Metaverse
Bankrupt FTX has confirmed plans to relaunch its flagship international crypto exchange after filing an initial plan of reorganization.
🔊@Crypto_Nfts_Metaverse
OKX adds new account abstraction feature to its web3 wallet — link
🔊@Crypto_Nfts_Metaverse
Toyota GR Cup will award digital trophies on Polygon blockchain to race winners — link
🔊@Crypto_Nfts_Metaverse
Kraken gives fans chance to put NFT on an F1 racecar at Austin Grand Prix — link
🔊@Crypto_Nfts_Metaverse
DeFi platform Term Finance brings fixed rate lending to Ethereum — link
🔊@Crypto_Nfts_Metaverse
The life of altcoins🪙
⚡️A simple observation from crypto-twitter that will help you not to get high - altcoins die when their capitalization reaches 10 million ETH (10% of saplai) or 2 million BTC (also 10% of saplai). Below are a number of examples and a few exceptions (which you know what).
1️⃣LINK. 10M Eth, reached in mid-2020, down only since then.
2️⃣NEO. Down only after 10M Eth.
3️⃣SOL. Exceeded limit and reached ~17M Eth, but only down from there.
4️⃣DASH. This one, on the other hand, almost fell short and only reached 1M₿.
5️⃣AVAX. Only down after 8M Eth.
6️⃣IOTA. Grew to 1M₿, then slowly dying.20M Eth.
7️⃣DOT. Maxed out at just under 1M₿, but around
8️⃣TRX. The tops are close to the previous one.
9️⃣LUNA. The most obvious position of the above, which suffered a crushing crash, but by volume fits the general rule - its max was at 1M₿ and 10M Eth.
1️⃣0️⃣XEM. Exactly the same situation: 1M₿ and 10M Eth, then only down.
Other examples of similar or close charts are BCH, SHIB, EOS, DASH, XMR, NANO, ATOM, ZEC, PPC, XTZ.
🧐Exception: LTC! Caught in the "death zone" at the level of 1M₿ 5 times. True, the last time it happened was in 2019, since then - only a fall.
🔩The obvious conclusion: when choosing long-term investments, look at the charts to ETH and BTC, avoid flying in late, and if you don't know what to buy - buy BTC or ETH.
📌Disclamer: of course, you should not rely only on the described rule. As always in such cases, not all coins even from the top 100 CMCs satisfy it. If the capitalization of the project has not reached 10 million ETH so far, it is quite possible that it will never reach them. However, the fact that on the horizon of 5+ years almost all cryptocurrencies are losing to BTC and ETH is an undeniable fact.
🔊@Crypto_Nfts_Metaverse
