Day: December 5, 2022

Litecoin eyes $100 after ‘rare’ LTC price breakout

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Litecoin (LTC) could rise another 20% amid a rare trend reversal breakout that has already resulted in LTC outperforming most crypto assets in recent days. LTC’s not-so-bearish symmetrical triangle LTC’s price broke out of what earlier appeared to be a bearish symmetrical triangle. Symmetrical triangles are trend continuation patterns, meaning breaking out of their range typically prompts the price to move in the direction of their previous trend.  Litecoin formed a symmetrical triangle pattern between May and November after dropping 70% to nearly $40 in the prior trading sessions. Ideally, the…

Chandler Guo & the Ethereum Proof-of-Work Miners Fight – Most Influential 2022

Calculating the number of miners is next to impossible, but from the 10,287 nodes, or computers, running on the day of the Merge, there were likely hundreds, if not thousands. Guo reminds us that whenever there are winners – and the Merge by all accounts is a huge positive for blockchain and crypto – there are also losers. He put a human, and compelling, face on this group of people who saw their livelihoods ruined, their income decimated and their egos bruised. Few would have realized there were people cast…

Adam Brotman & Starbucks Web3 Loyalty Program – Most Influential 2022

NFTs “can be a storytelling mechanism because of the metadata you can put in it that can be branded. It can have a rarity curve that gives you all of the surface areas for storytelling and brand building. But because it’s collectible there is a digital asset that can also form a sense of identity, you can get community and you can also get utility out of it,” Brotman told CoinDesk. In Aug. 2021, Brotman and Sack co-founded Forum3, a Web3 loyalty startup to advise retailers. Source

FEWOCiOUS Dropped $20M in NFTs – Most Influential 2022

In April, FEWOCiOUS released his “Paint” generative art collection, featuring images of paint drops with a backdrop of the sky. As a part of his effort to build out his “digital universe” called FewoWorld, he sold $20 million of these NFTs over the course of 24 hours. According to data from NFT marketplace OpenSea, the 7,000-unit collection currently has a 2,450 ETH trading volume, or $2,980,058, with a floor price of 0.4 ETH, or $487. Source

Miladys NFT Community Is the Counterculture to Cancel Culture – Most Influential 2022

If you only look at the stats, Miladys, minted by a mysterious art collective called the Remilia Corporation, don’t seem all that influential. The floor price, or lowest price in the collection of 10,000 non-fungible tokens (NFT), peaked in mid-April at 1.69 ether (ETH), worth about $5,000 at the time, according to data site NFT Price Floor. At their height later that month, the cheapest Bored Apes traded for about 137 ETH, then roughly $380,000. Source

Metaverse Token Axie Infinity (AXS) Suddenly Pumps 25%

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AXS, the native token of Axie Infinity, has seen its price jump in recent hours. The project is a blockchain-based game metaverse in which players collect and breed digital pets called Axies that they can be used in a turn-based card game. At one point, AXS rose to $8.82 after trading as low as $6.41 yesterday and has seen a 28% rally in recent hours. At press time, AXS was at $8.14, still recording a price pump of about 20% over the last 24 hours. Over the last seven days,…