AutoShark Has Integrated Chainlink VRF to Enable Fair Randomized NFT Farming Upgrade System

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November 28, 2021

Bitcoin's Sharp Decline, Ethereum and Altcoins Stories

Bitcoin price failed to extend recovery and declined sharply.
Ethereum declined 8%, XRP dived 10%
BNB, ADA, DOGE, DOT, and SOL are down over 8%.

Bitcoin price failed to settle above the USD 58,500 resistance zone. BTC struggled to continue higher and started a sharp decline below USD 55,000, after stock markets in Asia and US stock futures all pointed lower on fears over a new variant of the coronavirus that is spreading in South Africa. It is currently (11:32 UTC) down almost 7% and traded to a new weekly low.

Similarly, most major altcoins are moving lower. ETH is down 8% and it even tested USD 4,000. XRP broke the key USD 1.00 support and declined 10%. ADA extended losses and tested the USD 1.50 support level.

Total market capitalization

Bitcoin price

After facing hurdles near USD 59,500, bitcoin price started a fresh decline. There was a sharp bearish wave and the price declined over 5%. It broke the USD 56,500 and USD 55,000 support levels. An initial support is near USD 54,000. The next major support is near USD 52,500, below which the price could decline towards the USD 50,000 support.

If there is a fresh recovery wave, the price could face resistance near the USD 55,500 level. The next major resistance is near the USD 56,500 level.

Ethereum price

Ethereum price topped near the USD 4,550 level. ETH is down over USD 500 and it even tested the USD 4,000 support. If the bulls fail to keep the price above USD 4,000, there could be a move towards the USD 3,800 level in the near term.

On the upside, the price could face resistance near the USD 4,120 level. The next major resistance is near the USD 4,250 level.

ADA, BNB, SOL, SHIB, and XRP price

Cardano (ADA) remained in a bearish zone and traded below the USD 1.60 support. The bears took control, resulting in a move towards the USD 1.50 level. If there are additional losses, the price could test the USD 1.35 level.

Binance coin (BNB) trimmed all its gain and declined heavily below the USD 600 level. It even traded below the USD 585 support. It seems like the bears are aiming for a test of the USD 550 support zone.

Solana (SOL) is down 11% and it broke the USD 200 support zone. It is now testing the USD 185 support level. If there are additional losses, the price may perhaps slide towards the USD 175 level.

SHIB settled below the USD 0.000040 level. It is now consolidating near the USD 0.000038 level. The next major support is near USD 0.000035, below which the price could slide towards the USD 0.000032 level.

XRP price failed to clear the USD 1.05 resistance. As a result, there was a strong decline below the USD 1.00 support. The price even traded below USD 0.950 and it might continue to move down towards USD 0.900. The next major breakdown support is near the USD 0.880 level.

Other altcoins market today

Many altcoins are down over 10%, including AVAX, CRO, ONE, MINA, ROSE, WAXP, ATOM, LRC, FTM, IMX, and ICX. Conversely, LPT and BAT are still up 13% and 20% respectively.

To sum up, bitcoin price failed to extend recovery above USD 60,000. BTC traded to a new weekly low and it could even extend losses towards the USD 52,000 level.

BNB, SHIB and SOL Price Analysis: 27 November

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November 28, 2021

BNB, SHIB and SOL Price Analysis: 27 November

After a substantial slump yesterday, Shiba Inu and Solana noted their one-month low on 26 November. However, the bulls attempted to counter the sell-off.

While the near-term trend remains bearish for most cryptos, the market flashed some revival signs. As a consequence, Binance coin, Shiba Inu, and Solana saw gains on their daily charts.

Binance Coin (BNB)

Source: TradingView, BNB/USDT

The alt consistently marked higher lows and depicted healthy bullish tendencies since 24 September. After an atrocious 78.41% rally in just 39 days (from 24 September), BNB price action touched its six-month high on 7 November.

However, the price action witnessed a 22.8% pullback until it touched its two-week low on 18 November. BNB bulls were quick to reverse the slump and continue their late September uptrend. As a result, the price inclined in an up-channel since the past week. Consequently, the alt noted a 3.3% increase in 24 hours, pushing the price above its 4-hour 20-50-200 SMA.

At press time, BNB traded at $603.8. The RSI was northbound and preferred the bullish vigor. Further, DMI chose the bears but depicted increasing bullish strength. Nevertheless, the ADX (red) displayed a weak directional trend.

Shiba Inu (SHIB)

Source: TradingView, SHIB/USD

Although SHIB managed to preserve over a million holders, the bulls have visibly failed to uphold the token’s perception as its price steadily dropped throughout November. The price action marked a down channel since 6 November. The meme coin has lost more than half of its value since it struck its ATH on 28 October.

Possibly with increased profit-taking, bulls failed to hold their ground as the coin saw a 51.8% and 19% monthly and weekly decline, respectively. Consequently, it touched its one-month low on 26 November.

At press time, SHIB traded at $0.00003944. The RSI seemed to head north after preferring the bears. Also, SHIB saw a 4% gain on its daily charts. This incline occurred after a bullish divergence (yellow) between the RSI and the price action over the past day. Further, the AO chose the bears but also hinted at their decreasing strength.

Solana (SOL)

Source: TradingView, SOL/USD

SOL rallied by over 85% from 12 October to 6 November. With this upturn, it struck its ATH on 6 November. Since then, the correction phase kicked in as the bulls steadily lost their power.

During the downfall, SOL lost over one-fourth of its value until it touched its one-month low on 26 November. After breaching the patterned uptrend, the bears ensured to continue the downtrend. Although the bulls triggered a 21% rally from 19 to 22 November, they could not back it up with high trading volumes.

Thus, the price continued to fall in a down-channel (yellow). At press time, SOL traded at $196.1125. The RSI was weak at the 42-mark. Also, the DMI flashed a bearish bias. However, MACD and AO hinted at decreasing strength in the near term.

Adidas has partnered with Coinbase and The Sandbox

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November 28, 2021

Adidas has partnered with Coinbase and The Sandbox

Adidas announced a partnership with Coinbase the day after The Sandbox announced a partnership with Adidas.

Adidas has partnered with Coinbase and The Sandbox.
A Coinbase spokesperson said the Coinbase deal is part of Adidas’s metaverse push.
Adidas currently has a parcel of land allocated to it in The Sandbox.

Sportswear giant Adidas set crypto Twitter ablaze on Wednesday evening with an announcement: “We’ve partnered with Coinbase”, before disingenuously concluding the tweet with a crypto meme reference; it’s “probably nothing”.

We’ve partnered with @coinbase.
Probably nothing.
— adidas Originals (@adidasoriginals) November 24, 2021

No-coiners take note: institutional adoption of crypto is growing. Sure, Tesla owners may be a niche crowd, and who outside of Dallas supports the Mavericks? But everyone and their auntie owns a piece of Adidas, so a partnership with Coinbase clearly is probably something, given the other major bit of news this week that Adidas is also building a presence in the metaverse.

On Tuesday, the official Twitter account for Animoca’s open-world blockchain game The Sandbox addressed a tweet to Adidas. It read: “Hey @adidasoriginals, impossible is nothing in the Metaverse. What if we invite all of the original thinkers and do-ers to design our future together?”

The tweet contained a link directing curious clickers to the coordinates of a parcel of in-game land in the game that has apparently been earmarked for Adidas Originals. It is unclear whether the land was purchased by Adidas or given to it.

Hey @adidasoriginals, impossible is nothing in the Metaverse. What if we invite all of the original thinkers and do-ers to design our future together?https://t.co/xQrfAWHBky pic.twitter.com/fTCaqf6fho
— The Sandbox (@TheSandboxGame) November 22, 2021

Given the facts, Wednesday’s announcement is not nothing. But are the two connected? Probably…

A spokesman for Adidas told CityAM on Thursday that the Coinbase partnership is part of Adidas’s strategy to gain a foothold in the metaverse. The spokesman said: “The Metaverse is currently one of the most exciting developments in digital, making it an interesting platform for Adidas”.

So where does The Sandbox come into it? Will we see an in-game shopping city filled with tokenized Adidas wearables soon? And what role does Coinbase play? The details are thin, but Adidas’s competitors are making similar moves towards the metaverse.

At the end of last month, Facebook announced it was rebranding to Meta and embracing NFTs in order to get a headstart on the Metaverse. Barely a week later, Nike filed four requests to trademark “virtual goods” with the US. Patent and Trademark Office. The filings allegedly list various digital goods, including headwear, eyewear, bags, backpacks, and sports equipment.

It looks like the IRL sneaker wars could migrate into virtual reality soon…

It’s impossible to say more about Adidas’s metaverse push at this juncture; despite the obscene amount of money Adidas has spent over the years on ad campaigns and sloganeers, impossible isn’t nothing.

NFT land, ETH and ADA Story : November 27

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November 28, 2021

NFT land, ETH and ADA Story August: November 27

Prediction of the Week

The Metaverse is a $1T opportunity after users increase 10x: Grayscale report

Crypto investment giant Grayscale published a bullish report on metaverses this week, predicting that the sector could become worth more than $1 trillion in the next few years once the tech becomes mainstream.

The report argues that open metaverse platforms backed by an “interconnected crypto-economy,” such as native tokens, DeFi services, NFTs and decentralized governance, have “created a new online experience” that’s rapidly attracting new users.

Analyzing “global all-time active metaverse wallets” data since the start of 2020, Grayscale found the user base has grown by ten times to reach roughly 50,000 as of June 2021.

“Compared to other Web 3.0 and Web 2.0 segments, Metaverse virtual world users are still in their early innings, but if current growth rates remain on their current trajectory, this emerging segment has the potential to become mainstream in the coming years,” the report read.

You shall not pass: Tolkien estate blocks ‘The Lord of the Rings’ JRR Token

A The Lord of the Rings-themed “JRR Token” project was forced to close down this week following legal action from the family and estate of the famed series’ late author J. R. R. Tolkien.

The project heavily borrowed intellectual property from the beloved series, such as images of mythical rings, Hobbit holes, and a wizard looking eerily similar to Gandalf the Grey. The estate’s lawyer, Steve Maier, described the case as a “particularly flagrant case of infringement,” adding that the estate is “pleased that it has been concluded on satisfactory terms.”

According to the settlement, developer Matthew Jensen promised to shut down the token and delete any content that infringes the estate’s trademark rights to the J. R. R. Tolkien name and intellectual property relating to The Lord of the Rings and The Hobbit.

Indian parliament’s agenda for winter session includes bill on banning ‘private cryptocurrencies’

According to reports from local media outlets, the Indian government will look at “The Cryptocurrency and Regulation of Official Digital Currency Bill” as part of a group of 26 bills this coming Monday.

The bill proposes the prohibition of “all private cryptocurrencies” except for assets “to promote the underlying technology of cryptocurrency and its uses,” and is said to be part of a move to pave the way for the creation of an official digital currency from the government.

In March 2020, India’s supreme court overturned a blanket ban on crypto imposed by the central bank two years prior, but local media states the government is now looking at alternative ways to regulate the sector as opposed to an outright ban.

Spanish regulator raises alarm on Binance promo by soccer star Iniesta

Andrés Iniesta, the legendary Spanish football player and former FC Barcelona star, was sent a warning this week from Spain’s financial watchdog, the Comisión Nacional del Mercado de Valores (CNMV), over his promotion of the Binance crypto exchange.

On Wednesday, Iniesta posted some pictures of himself on Twitter pretending to use a laptop that featured the Binance homepage with the caption, “I’m learning how to get started with crypto with Binance.”

In response, the CNMV wrote: “Hi Andres Iniesta, cryptoassets carry some significant risks due to being unregulated products.” It is unclear how bothered Iniesta was by this message, as it was most likely a paid promo for Binance.

Deterring adoption? Balancing security and innovation in crypto

Security is necessary to protect crypto users but regulators may force companies to adopt processes that stifle innovation.

Just buy it: Nike wants to bring sneakerheads into the Metaverse

Nike intends to sell you digital products in the Metaverse, and you will buy them because Nike knows how to make you want them.

Powers On… Why aren’t more law schools teaching blockchain, DeFi and NFTs?

To counsel clients involved in the DeFi space, wouldn’t you want a lawyer with the technological literacy to understand blockchain and the legal issues surrounding it?

Curve DAO(CRV) Price Aims AT 80% Boom

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November 27, 2021

The bull rally at the beginning of 2021 has pulled out more new coins within an upward trajectory. Surprisingly, it was the other way round for the Curve DAO token as the asset began the trade with a huge intensity. But very quickly the bears gained immense control over the asset which slashed the price from as high as $60 to less than $10. And ever since then the CRV price is trying hard to surge beyond $6 but faced rejection each.

However, the asset followed the bull run since the beginning of 2021 but still remained aloof from the $5 target. But the last quarter, specifically the present trading month came out to be more fruitful. The asset smashed through the crucial resistance levels and surpassed $5 for the first time ever in the past 14 months. No doubt it’s experiencing a slight pullback, yet may hit higher levels very soon.

As mentioned in the chart, the price ever since dropped mercilessly, is trading within the rectangle. The price is undergoing multiple pumps and dumps but only within the perimeter of the rectangle. However, the asset successfully broke the pattern but also is undergoing a minor correction. The correction may end up quickly and after eliminating exhaustion if any, the asset may resume the bull run targeting a 2-digit figure soon.

The price blew up notably since the beginning of November and rose beyond $5 for the first time. The rally may grow to be more intense and also surge heavily in order to minimize the distance between the current price and the ATH. Also one of the important things to note with this rally is the CRV is been accumulated heavily in a specific region and that’s pretty dangerous.

$CRV looks quite interesting! 👀

The most interesting thing about #CurveDAOToken isn't its recent bullish price action, but that it faces little to no resistance ahead. @intotheblock shows that the largest concentration of #CRV tokens was acquired between $17.5 and $30.7. pic.twitter.com/WvEfZzX0o1
— Ali Martinez (@ali_charts) November 25, 2021

The analytics showcase that the accumulation in between $17.5 and $30.7 is the largest concentration which is in a loss at present. A total volume of 762.11 million was accumulated in nearly 112 addresses. Moreover, the asset is away from this price range ever since its inception and as the assets reach this zone, a massive sell-off may be on the horizon.

Some traders may still maintain some patience or newbies may enter and eventually uplift the price at least close to the ATH. However, at the current pace, it’s pretty tough for the Curve DAO token price to reach such a higher level. Yet maybe in the upcoming quarter the CRV price, if not ATH, may at least reach halfway.

Is MANA, SAND, & ENJIN Price Going Towards Extinction?

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November 27, 2021

Is MANA, SAND, & ENJIN Price Going Towards Extinction?

The market fall is now creeping towards the projects catering to the metaverse industry. While top-tier digital assets register double-digit negative gains on the charts. Consecutively, geeks from the metaverse community bag the dips, for higher returns in the up-cycle.

The booming industry has been thriving at an accelerating rate in recent times, despite the crypto market being bland. The emerging sector has also fueled NFTs and projects catering to the industry. However, the market now is exhibiting red signals on the market charts. The market cap of Metaverse is currently at $51,324,502,982, which is up by 0.81%. The trade volumes are down by 30.49% at $21,476,163,938.

Decentraland (MANA) Price

MANA at press time is trading at $4.58 while scripting negative gains of 15.5%. The market cap of the digital asset is hovering at $6,013,490,310. While the trade volumes for around the clock are at $4,065,523,064. The crypto has been trading in the range of $4.48 to $5.43 for the past 24-hours. MANA did trace its way towards an ATH of $5.85 the previous day.

The crypto has previously rebounded from its support levels, towards $5.4 from where the asset has seen a pullback to current levels. The retest candle could help the altcoin stick above the support levels. We can expect, MANA to consolidate prior to its moonish trend towards $5.9. The next target for crypto would occur at levels around $6.8.

The Sandbox (SAND) Price

SAND at press time is trading at $6.811 with gains being negative by 7.0%. The market capitalization of the digital coin is floating around $6,065,239,586. On the contrary, the trade volumes for 24-hours are at $4,449,971,260. SAND has been traversing along with the bandwidth from $6.56 to $7.84 since the previous day. The ATH was claimed a day ago at $8.40.

SAND price can be seen projecting along with the bullish pennant on the chart. A breakthrough from the bullish pennant could take the value of the coin to its ATH at levels around $8.5. The target thereafter for SAND would be at levels around $9.5.

Enjin Coin (ENJ) Price

Enjin Coin at the time of writing is trading at $3.82 while registering dips of 10%. The market cap of ENJ is currently hovering at $3,480,984,158. On the contrary, the trade volumes are at $1,037,207,690. The digital coin did trace to its ATH of $4.82, the previous day similar to its rivals. Whilst trading in the range from $3.64 to $4.42 since the last day.

The Enjin coin price has been trajecting along the rising channel. The digital coin has retested its support levels currently. From where the altcoin might expect a rebound to greater levels around $4.84, the target thereafter would be at $5.4. However, a plunge could be unlikely for the digital coin.

Collectively, the metaverse space has accompanied fortunes to the projects catering to the booming industry. And to the NFTs in the crypto town, which might further influence other projects to join the league. We can expect, the space to retrace its levels with the market rebounding from the current trends.

Watch Litecoin(LTC) This Week. Is It Good Time To collect?

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November 27, 2021

Watch Litecoin(LTC) This Week. Is It Good Time To collect?

Litecoin, the lite version of Bitcoin, and the first altcoin which is still in trade are slowly ranging high with making noise. After a gigantic drop during the May crash, the LTC price seemed to be too calculative in order to pull the next leg up. And hence the asset is following a specific pattern and with this structure, Litecoin price may regain its lost positions pretty much close to its ATH at $417.

The asset despite being one of the most primitive crypto assets remained silent for a pretty long time. And ever since the altcoins rally was ignited in the first half of 2021 that led the price to form a new ATH. Further, the asset slumped multiple times, but yet sustained above the strong support level.

The LTC price as mentioned in the above chart is pretty clear about the upcoming jump. The asset spike in between a minor consolidation each time. While the surge percentage is pretty huge, the consolidation fuels up the asset to move with high with notable margin. The LTC price after a gigantic surge accumulates for a little prolonged period and sets up a massive leg. Further to nullify the exhaustion, the asset also experiences a minor correction.

Currently, the asset is consolidating after surging towards the monthly highs. And hence according to the pattern, a notable drop close to the immediate support levels around $150 appears to be on track. However, the LTC price is pre-programmed to flip the downtrend and march towards its ATH just above $300. And hence Litecoin especially known for its calculated move could smash considerable highs and also minimize corrections remarkably.

The liquidations skyrocketed to over $300 million on an hourly scale as bitcoin

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November 27, 2021

Bitcoin's Price Slid below the $50K Zone to a Low of $43,972

The liquidations skyrocketed to over $300 million on an hourly scale as bitcoin, and the rest of the market turned deep red.

Bitcoin plummeted by several thousand dollars in just a few hours to a six-week low of under $55,000. Most of the cryptocurrency market experienced an even more severe crash. The hourly liquidations exceeded $300 million.

It was yesterday when the primary cryptocurrency surpassed $59,000 for the first time in days and aimed at $60,000. As with the previous few attempts, though, it failed to challenge that coveted level.
Just the opposite, BTC retraced to around $58,000, where it stood for a while. However, as reports started to emerge about a new mutated COVID-19 variant, the price of the asset started to tumble.
In just an hour, bitcoin lost more than $3,000 of value and dumped below $55,000 for the first time since October 13th.
The situation with the rest of the digital asset market is quite similar, if not worse. Ethereum is down to $4,100, which is a 5% daily drop.
Solana, Polkadot, Dogecoin, Avalanche, CRO, Litecoin, and Ripple have lost even more substantial chunks of value – between 9% and 15% in 24 hours.
Somewhat expectedly, this enhanced volatility has caused pain for leveraged traders. On-chain data shows that the liquidations have skyrocketed to more than $300 million in an hour and over $600 million on a daily scale.
The largest single liquidated order transpired on Bybit. It was worth $12 million and involved the second-largest crypto – ETH.

Bitcoin, Ethereum and Altcoins Market Watch

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November 26, 2021