From the perception that it is time for Bitcoin to grow strongly, to Ripple, which is helping the Republic of Palau develop its own digital currency. Here are some highlights from the crypto market.
Bitcoin (BTC) continued its abrupt upward pattern on November 24th when it triggered a short-term rally over the $ 57,400 region.
Data from TradingView shows that BTC / USD is making known range moves on Wednesday.
The trading pair hit a high of $ 57,875 on Bitstamp in the past 24 hours, but that level didn’t last long as buyer support remained weak around the $ 60,000 resistance level.
While the overall market isn’t very attractive, some analysts have pointed to lingering similarities between 2021 and previous bull markets.
All 3 full #BTC Cycles saw a “mid-cycle” ricochet of 1.272.
2013 encountered resistance at 1.55.
2017 encountered resistance at 1.618.
In 2021 it was the opposite of both.
After that, it’s roughly when the mania sets in. pic.twitter.com/VQ5bTQaY5H
– TechDev (@ TechDev_52) November 24, 2021
Popular Twitter account TechDev has focused on analyzing Fibonacci levels and Bitcoin’s price movement. He said Bitcoin encountered resistance at 1.55 in 2013, facing both at 1.618 in 2017 and BTC in 2021.
Historically, after breaking these resistance areas, the BTC reward price will rise sharply. As a result, TechDev predicts that BTC is now likely to hit the current peak of the cycle at $ 300,000.
In previous comments, TechDev agreed that it was “almost time” for Bitcoin’s Relative Strength Index (RSI) to boom, and then soar, in BTC price.
Almost time https://t.co/biqewPAFG1
– TechDev (@ TechDev_52) November 23, 2021
Ripple, the digital payments network, has cooperate with the Republic of Palau to help the Pacific island nation develop its own digital currency.
The first focus of the partnership will be to develop a USD-backed digital currency that will facilitate cross-border payments across the country. The partnership “could see the world’s first state-sponsored national stablecoin rollout in the first half of 2022”.
Binance Smart Chain news
On November 30th, the Binance Smart Chain Blockchain will officially go through the upgrade process called Bruno, version v1.1.5.
This is an upgrade that applies the BEP-95 mechanism which reduces the supply to NBB by burning an additional 10% of the total gas charges paid to the validators.
The expected hard fork upgrade from #BinanceSmartChain to Bruno v1.1.5 is currently expected to be released on November 30th.
This upgrade implements the real time $ BNB Burn, increase full node synchronization by up to 60%, and contain bug fixes.
– Binance Smart Chain (@BinanceChain) November 18, 2021
With previous upgrades, the price of BNB has gone from $ 40 to around $ 600. If Burno is successfully implemented and the number of BNBs in the market drops to 100 million faster, the BNB price is likely to keep growing in the future.
The CEO of Ripple, the company behind the cryptocurrency XRP, is not a fan of Dogecoin (DOGE).
Brad Garlinghouse believe DOGE is not good for the crypto market due to its supposed “inflationary drive” with unlimited supply.
Garlinghouse notes that Dogecoin has no cap on total circulating supply, which makes it very different from some major cryptocurrencies like Bitcoin, which are capped at 21 million coins.
Near Protocol has partnered with Ardana to build a bridge between Near and Cardano.
With the vision of connecting all the blockchains, Near has worked on many projects and has a project called Aurora that allows developers to create dapps on Near via the Ethereum Virtual Machine (EVM).
– NEAR daily (@NEAR_daily) November 23, 2021
To connect with Cardano, Near partnered with a credit and stablecoin project called Ardana to jointly build a bridge between the two blockchains.
Ardana was also recently invested by Three Arrows Capitals, a well-known VC fund in the crypto space.
follow notification Floki Inu teamed up with SSC Napoli, one of the most successful professional football clubs of all time in Italy, on Tuesday.
SSC Napoli, founded in 1926, is the fifth highest earning team in Serie A. The club also has the largest fan base in Italy.
As part of the agreement, the SHIB logo and website will be printed on the back of their jerseys.
Floki Inu is also advertised on LED screens around the soccer field during all home games.
Two ventilators were donated to Quang Tri Provincial General Hospital and Ha Tinh General Hospital by the Binance Charity Foundation.
The money for the purchase of ventilators was donated by the Binance Charity Foundation from the community as part of the Covid-19 prevention campaign in 41 countries worldwide.
Previously, the Binance Charity Foundation also ran a number of donation programs, such as donating the Rotor-Gene Q MDX 5PLEX Platform real-time PCR test system to the Synthetic Team Young Physicians Association to fight the Covid-19 epidemic. In addition to the machines to support Covid-19 tests, the Binance Charity Foundation has also donated more than 10,000 medical N-95 masks to the association.
Binance Charity donates two ventilators to a Synthetic Teamese hospital | Source: Twitter
The Consensus Alliance (FBA) network Flare recently partnered with Rival to become the preferred NFT, Utilities and DAO platform for Rival’s NFT marketplace.
Rival is an enterprise solution that integrates games, esports and now NFT for promotional strategies and fan engagement.
Flare allows fans to transact and interact with each other in the form of NFTs over the project’s canary network. CEO Matt Virtue said the partnership will allow the project to “expand” its NFT market in sports and media around the world.
Today we say hello @goRivalgames to the flare ecosystem!
– Flare (@FlareNetworks) November 23, 2021
Hotel heiress Paris Hilton participated in a $ 20 million donation round for the NFT’s non-profit Origyn Foundation in Switzerland.
ORYGN raises $ 20 million and has a valuation of $ 300 million.
The goal of the non-profit organization is to verify the authenticity of physical and digital goods (NFTs).@ParisHilton, Polychain and other investors participate in the private increase.
– Blockworks (@Blockworks_) November 23, 2021
Participants in the recent round include legendary investor Bill Ackman of Hedge Fund Table Management and crypto-investment firm Polychain Capital, all of whom raised Origyn’s new valuation to $ 300 million.
Origyn works on Dfinity’s internet project and uses artificial intelligence that enables smartphone users to authenticate and encrypt both physical and digital assets.
Nakamoto game news
Nakamoto Games announced the launch of its mainnet on December 6th.
Nakamoto Games is building a “plow and earn” ecosystem that offers its own games while also allowing developers to create their own games.
Users can join the first games on the mainnet on December 6th. Additionally, Nakamoto Games has revealed details about its metaverse, titled NAKAVERSE.
Nakamoto Games announce the final #mainnet Begin. Users can #play the first #games on December 6th. Tomorrow, November 24th at 16:00 UTC we are hosting one #AMA with the $ NAKA Team in our #Telegram Channel. Further #Update and #surprises will be revealed. pic.twitter.com/5m9z1Sqp0v
– Nakamoto.Games (@NakamotoGames) November 23, 2021
Canadian investment firm Tokens.com yesterday bought nearly $ 2.5 million worth of virtual land on the Decentraland platform.
Specifically, according to the announcement, Tokens.com bought 116 virtual properties for 618,000 MANA. The company claims this purchase is the largest virtual land transaction to date.
Tokens.com bought the land through the Metaverse Group, which provides virtual land development services to its customers. This transaction corresponds to an actual area of 6,090 square feet, which is roughly the size of 1.3 basketball courts.
the @dcllandbot Now that we’ve fried its circles, we’re excited to officially announce the greatest Metaverse country of all time! Congratulations to @tokens_com and @Metaverse_Group for securing a 116 parcel in the DCL fashion district. And if you’re in the fashion industry – get ready! pic.twitter.com/IGyb4nbZQW
– Decentraland (@decentraland) November 23, 2021
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