Crypto News May 30: Bitcoin Could Return To $ 40,000 Region Soon As Whales With News From Ethereum, Dogecoin, Vega Polkamarkets, COMIT. continuously accumulate more BTC
From saying that the whale has amassed 30,000 BTC to the number of Ethereum addresses with 0.01 ETH or more reaching a new ATH. Here are some highlights from the crypto market.
Whales (addresses 100-10,000 BTC) have accumulated an additional 30,000 BTC over the past week as the price has accumulated in the $ 31,000 to $ 40,800 range, data analytics firm Santiment said.
???? #Bitcoin is at $ 35.4,000 after another slight drop last day. But the key $ BTC The millionaire class we track saw a slight increase in stocks. Addresses with 100 to 10,000 $ BTC have accumulated 30k more $ BTC this past week. https://t.co/iOdj9dkjL6 pic.twitter.com/n8oK8UGfLZ
– Santiment (@santimentfeed) May 30, 2021
Bitcoin is currently hovering around $ 35,800 after another slight drop last day, but the group of BTC millionaires, those with 100-10,000 BTC addresses, has amassed around 30,000 BTC in the week.
In the near term future, BTC appears to be forming an inverse head and shoulders pattern. If this pattern shows, Bitcoin could recapture the 200-day moving average (yellow) and retest several key areas between $ 40,000 and $ 50,000.
Bitcoin Price Chart | Source: TradingView
Kevin O’Leary publicly invests in Bitcoin
Kevin O’Leary, co-host of Shark Tank, better known as “Mr. Wonderful ”gave his opinion on the Bitcoin ecosystem.
In a 2019 interview with CNBC, the reality TV star declared Bitcoin to be “junk”. He considers BTC a “useless currency” and calls it a “worthless” digital game of chance.
However, he changed his mind about the digital asset market when he went public to add Bitcoin to his portfolio. O’Leary also stated that the token “will be phenomenal” and part of the future of art and music.
– TD Ameritrade Network (@TDANetwork) May 27, 2021
Glassnode says the number of Ethereum addresses with 0.01 ETH or more has hit a new ATH of 15,710,361.
– Glasnode warnings (@glassnodealerts) May 29, 2021
This shows that the Ethereum ecosystem is growing with more and more users using various DeFi platforms or using ETH to pay gas fees for other ERC20 token transactions. In addition, this is also a sign that many private investors are buying and holding Ethereum for the long term.
The daily volume of transactions transmitted over the Dogecoin Network (DOGE) has fallen 90% since the ATH hit $ 82.54 billion on May 9. Dogecoin currently processes a daily transaction value of $ 7.57 billion.
Dogecoin Network Daily Transaction Volume | Source: Blockchair
Dogecoin’s highest daily trading volume also coincides with DOGE setting an ATH of $ 0.74 in early May. Dogecoin is currently defending the $ 0.30 support area after hitting a low of $ 0.211 last week when Bitcoin fell to the $ 30,000 region
The Vega Protocol has announced on the start of its token sale on Coinlist from June 2nd to 3rd with a hardcap of 5 million VEGA. Three options are offered, including: USD 5 per token (12 months lock and vesting), USD 10 per token (6 months lock and vesting), and USD 15 per token (90 days lock).
Option 1 starts on June 2nd at 7:00 AM, Option 2 on June 3rd at 12:00 AM and Option 3 from June 3rd at 7:00 AM Synthetic Teamese time.
Vega is a protocol that runs on a proof-of-stake blockchain. Many aspects of the protocol and network are managed by the community to support growth. The community will also make important decisions about things like fee rates, risk management methods, how and when upgrades are accepted, and much more.
COMIT Network, an open protocol that supports cross-chain blockchain applications, has announced a peer-to-peer atom swap between Monero (XMR) and Bitcoin (BTC), which is now live on the mainnet.
This version, which is version 0.7.0 of the XMR-BTC swap, is compatible with the patch of version 0.6.0.
If you want to manage the ASB – join us https://t.co/z9ay1thWbx
– COMIT (@comit_network) May 28, 2021
According to COMIT, “XMR users can now trade BTC without interruption from intermediaries or trading partners, and even without resorting to a regulated financial institution.”
Polka Markets cooperate with DAFI to investigate the possibility of using the synthetic DAFI token in its Prediction Market platform. Polkamarkets will use the synthetic DAFI token as a reward system for long-term users.
DAFI synthetic tokens can be used for projects in the early, middle and late stages of product development. For early stage projects, using synthetic tokens for community incentives and marketing is a useful way to attract users while stabilizing inflation and circulating supply at a low level.
Netflix star launches her own cryptocurrency
Netflix Tiger King star Joe Exotic has announced the launch of its own cryptocurrency called Tiger King (TKING).
Joe Exotic is best known for the hit TV documentary series Tiger King, which aired on Netflix. Exotic is portrayed as the eccentric owner of an exotic animal park that is home to dozens of wild tigers.
My official Tiger King Coins will help me fix children’s smiles / faces, fight justice and prison reform, and save animals in the wild. visit https://t.co/VyM2TzCnlO #JusticeForJoeExotic # Tiger King @Tiger_King_Coin #TKING pic.twitter.com/DIiZaO0goV
– Joe Exotic (@joe_exotic) May 27, 2021
The official website states that Joe Exotic will use the TKING token to fight the corrupt legal system, fund cancer treatment, and save animals.
According to Bitcoin Magazine