Sunday, October 31, 2021
Saturday, October 30, 2021
The Weekly Recap: Shiba Inu Up 150%, ETH Sets ATH, Bitcoin Dips Below $60K
This week we saw an influx of memecoins take center stage in the cryptocurrency market, all led by Shiba Inu (SHIB). Meanwhile, ETH set a new peak while Bitcoin dipped below $60K.
There are no boring days in crypto. This week was the definitive proof of this. We saw something insane happen literally every day from the past seven, so let’s start with Bitcoin.
This time last week, there were already some signs of indecisiveness in bitcoin’s price, which was approaching $60K. On Sunday, though, bulls stepped in and pushed the price up to $64K, where it stayed for about a day. On Wednesday, we saw two consecutive drops, which led to the price testing the support around $58K. Fortunately, it held, and BTC recovered to around $61K where it currently trades.
Ethereum is the other cryptocurrency that took center stage today. The price finally managed to break its previous all-time high, peaking at around $4,400 – a slightly underwhelming performance as everyone seems to have expected a more definitive surge.
All of the above pales in comparison to what SHIB did. Shiba Inu – the memecoin that everyone is now talking about, increased by another 160% over the past seven days and flipped Dogecoin in terms of total market capitalization. The cryptocurrency is now over 100,000,000% up in 2021, meaning that a $1 investment would now be worth – yes, you guessed it, $1 million.
Naturally, this led to other memecoins also pop in valuation. Floki Inu – a coin that’s admittedly inspired by SHIB, is up 266% in the past week. Interestingly enough, the cryptocurrency has a very serious marketing campaign going on for it. In fact, it’s even advertised in physical locations such as London’s metro and public transport.
Meanwhile, El Salvador continues to invest in Bitcoin. The president announced that they bought an additional 420 more bitcoins, putting the country’s total stash at 1120 BTC, which is already in profit. The value locked in DeFi protocols also surged to a new all-time high.
Today, play2earn cryptocurrencies such as Axies Infinity, Decentraland, and The Sandbox, exploded in price following Facebook’s announcement that they are rebranding to Meta. The social media behemoth now aims to invest $10 billion into building the Metaverse.
It’s been a crazy few weeks in the cryptocurrency market, and there are no signs that all of this will stop anytime soon. It’s interesting to see what the next seven days have in store – probably something just as exciting.
Market Data
Friday, October 29, 2021
Facebook gets a new name: Why, when, what CEO Zuckerberg said and more
is no longer Facebook. It is getting a new name --
Meta
. The Facebook CEO
Mark Zuckerberg
announced the same at the company's Connect event held. The company is rebranding itself as Meta. The rebrand comes as the world's largest social media company battles criticisms from lawmakers and regulators over its market power, algorithmic decisions and the policing of abuses on its platforms.
Why the new name for Facebook?
"Facebook just doesn't encompass everything the company does any more. In addition to its primary social network, that now includes Instagram, Messenger, its Quest VR headset, its Horizon VR platform and more," said CEO Zuckerberg. "Today we are seen as a social media company,'' Zuckerberg said. ``But in our DNA we are a company that builds technology to connect people." He said that the way smartphones have replaced desktop computers, metaverse will be the next way people interact with computers and each other.
Elon Musk Believes That Crypto Can Take a Toll on Your Mental Health
Source-u.today
Tesla CEO Elon Musk is convinced that following cryptocurrency prices can cause mental health problems, according to his recent tweet.
Thursday, October 28, 2021
El Salvador Buys The Dip: 420 More Bitcoins —And The Investment Is Already Profitable
The President of El Salvador announced that the country 420 BTC during the dip. Now El Salvador has 1120 Bitcoin under management.
The president of El Salvador has done it again. As a good Bitcoin maximalist, the price crash didn’t scare him, and instead of complaining or tweeting that his precious coin was going to $0, he just bought more Bitcoin, A LOT of Bitcoin.
In a tweet shared a few hours ago, Nayib Bukele announced that he bought the dip. Buying the dip is an expression that refers to taking advantage of a bear market to buy a cheap asset during the crash and then waiting to profit once the prices recover.
The president of El Salvador said he bought 420 more Bitcoin —a meme number associated with the marijuana community— in what seems to be yet another one of his many jokes, such as calling himself emperor of his country, putting lasers on his eyes, and tweeting with hashtags allusive to the most important cryptocurrency in the crypto world.
It was a long wait, but worth it.
We just bought the di
420 new #Bitcoin🇸🇻
— Nayib Bukele 🇸🇻 (@nayibbukele) October 27,
2021p!, 2021
A Profitable Investment
El Salvador Now Owns 1120 BTC Despite All The Controversies
Despite his authoritarian practices, Nayib Bukele is probably the most beloved president by the Bitcoiner community and his nocoiner people as well. Bukele is often referenced by maximalists such as Anthony Pompliano or Michael Saylor, and polls give him above 80% approval rating according to data from more than a dozen different surveys conducted by reputable institutions, including CID Gallup, Francisco Gavidia University, Mitofsky, and La Prensa Grafica.
Binance Will Support the Songbird (SGB) Airdrop Program for XRP (XRP) Holders
Fellow Binancians,
- The snapshots included XRP balances in Spot wallets, Margin and Savings accounts, and Coin-Margined Futures wallet, but excluded USDT-Margined Futures wallet. Undistributed XRP interest payments will not be included.
- XRP borrowed from Margin or Crypto Loans, or XRP transferred to Spot wallets from these accounts, would not be eligible for the airdrop.
- XRP balances under 10 XRP (including those in trade orders) would not be eligible for the airdrop.
- For the trading and listing of SGB on Binance, SGB will go through the same strict listing review process as Binance does for any other coin/token. Supporting this airdrop does not guarantee the listing of SGB. Binance does not guarantee any listings as per its internal policy.
- Binance will distribute SGB tokens after the project has completed the SGB token distribution to XRP holders. We will post a further announcement once the distribution is completed.
- US persons, entities and sanctioned countries are not eligible to receive this airdrop. For more information, please refer to Binance Terms of Use.
Shiba Inu coin 🪙
SHIB has overtaken DOGE in Marketcap temporarily, with a greater daily volume than ETH.
Daily RSI is above 91 and Weekly is above 89
Once newcomers start buying SHIB's pumpers bags, the dump will come. We don't believe this pump will continue for much longer without a correction, since the SHIB whales will take profit at some point as it happened in DOGE back in May just at the peak of euphoria.
A breakdown of the dynamic support would bring SHIB to the red boxes
Our eyes are on longing ETH, DOT and DOGE after volume goes down
on SHIB
Wednesday, October 27, 2021
Neeraj Chopra, Ravi Dahiya, Lovlina Borgohain among 11 recommended for Khel Ratna
Seasoned hockey goalkeeper PR Sreejesh and woman cricket Test skipper Mithali Raj were also recommended for the Major Dhyanchand Khel Ratna by the selection committee.
Javelin thrower Neeraj Chopra, who became only the second Indian to win individual Olympic gold at the Tokyo Games, and silver medal-winning wrestler Ravi Dahiya were on Wednesday recommended for the Khel Ratna as an unprecedented 11 athletes were selected for the country's highest sporting honour.Related Stories
Odisha govt recommends para shuttler Pramod Bhagat for Khel Ratna
Khel Ratna Award named after Major Dhyan Chand
Kodagu people demand rename of Rajiv Gandhi National Park after Field Marshal Cariappa
Boxer Lovlina Borgohain, who won a bronze at the Tokyo Olympics, seasoned hockey goalkeeper PR Sreejesh and woman cricket Test skipper Mithali Raj were also recommended for the Major Dhyanchand Khel Ratna by the selection committee.
Iconic Sunil Chhetri also became the country's first footballer to be selected for the honour. Last year, five athletes were picked for the award while four were selected after the 2016 Rio Games.The announcement of the national sports awards was delayed in order to consider the performance of the para-athletes in the Tokyo Paralympics (August 24 to September 5).Shooter Avani Lekhara and Manish Narwal, javelin thrower Sumit Antil and shuttlers Pramod Bhagat and Krishna Nagar, who all have won a gold each in the Tokyo Paralympics, completed the list of those recommended for the Khel Ratna
The committee also picked 35 athletes for the Arjuna award, eight more than last year's number of awardees. Cricketer Shikhar Dhawan, para TT player Bhavina Patel, para shuttler Suhas Yathiraj and high jumper Nishad Kumar are among those selected for the Arjuna award.Members of the men's hockey team that won a historic bronze in the Olympics will also receive Arjuna award. PTI SSC AT AT PDS
IS SOL PRICE HEADED TO $250?
The growing clamor for Robinhood to add the Shiba Inu coin to its platform is helping boost the cryptocurrency to record highs.
The SHIB token, as it's known, has risen 13% in the past 24 hours, according to data from CoinGecko. It is currently the 11th-biggest crypto with a market value of nearly $24 billion.
A Change.org petition asking Robinhood to list Shiba Inu-a Dogecoin-inspired meme cryptocurrency-now has more than 326,000 signatures.
On the company's earnings call Tuesday, Robinhood CEO Vlad Tenev said it's "carefully" considering adding new coins to its offerings.
Shiba Inu rises to a record, with a boost from a new Robinhood petition
The growing clamor for Robinhood to add the Shiba Inu coin to its platform is helping boost the cryptocurrency to record highs.
The SHIB token, as it's known, has risen 13% in the past 24 hours, according to data from CoinGecko. It is currently the 11th-biggest crypto with a market value of nearly $24 billion.
A Change.org petition asking Robinhood to list Shiba Inu-a Dogecoin-inspired meme cryptocurrency-now has more than 326,000 signatures.
On the company's earnings call Tuesday, Robinhood CEO Vlad Tenev said it's "carefully" considering adding new coins to its offerings.