Market

Crypto News 07/01: Bitcoin threatens to plunge into the $ 30,000 zone with news from Shiba Inu, Nakamoto Games, GameStop, Tezos, Livepeer

Assuming that Bitcoin is likely to return to the $ 30,000 region, the number of active addresses on the Shiba Inu network increased by 88%. Here are some highlights from the crypto market.

Bitcoin news

Bitcoin liquidity hit a new low on January 7th. Data from TradingView shows that BTC / USD hit its lowest level since September, hitting the $ 40,938 region on the Bitstamp exchange.

The pair rebounded to $ 42,000 but then fell below the December bottom.

Traders are also discussing Bitcoin’s next price action, with many suggesting that the price could go down.

Trader Crypto Ed warns Bitcoin could fall to lower liquidations, possibly below the $ 30,000 region.

https://twitter.com/Crypto_Ed_NL/status/1479357851357388805?ref_src=twsrc%5Etfw” target=”_blank” rel=”nofollow noopener

At the current level, Bitcoin is also generating several negative signals in the daily timeframe as the bear channel is located below the neckline of the head and shoulders pattern.

Commentators on events in Kazakhstan, which accounts for 18% of Bitcoin’s hashrate, could be one of the reasons for the market’s decline.

After the nationwide mass network outage this week, BTC hashrate estimates showed a sudden drop of around 20 exahashes / second (EH / s) from the previous ATH level of 192 EH / s.

News Shiba Inu

As the correction of the crypto market accelerates and coins and tokens with a larger cap lose more than 20% of their value, smaller positions like Shiba Inu attract more traders.

In addition to retailers, Shiba Inu has attracted more whales, with the number of active addresses on the whale tracking website WhaleStats increasing by 88%.

The number of active addresses on the Shiba Inu network increased by 88% | Source: WhaleStats

At the same time, according to the price movement of the token in the market, increased activity could result from increased sales activity. According to TradingView data, Shiba Inu has lost about 15% of its value in the past four days.

The increased sales activity is linked to a general correction in the crypto market as Bitcoin collapsed unexpectedly and many traders decided to leave the market and switch to storing assets in the form of stablecoins.

Nakamoto Games news

Nakamoto Games (NAKA) will be releasing NAKA Galactic, NAKA Blaster and NAKA Heist next week.

Nakamoto Games has announced the start of game releases in the Nakamoto Games ecosystem.

Among them, NAKA Galactic and NAKA Blaster will be the first multiplayer and multiplayer game releases in the rapidly growing play-to-earn gaming ecosystem. In addition, NAKA Heist will also be included in the start plan.

https://twitter.com/NakamotoGames/status/1478382893298855942?ref_src=twsrc%5Etfw” target=”_blank” rel=”nofollow noopener

GameStop news

Reddit’s most popular stock, GameStop Corporation (GME), rose more than 25% after the Wall Street Journal published a report on the creation of its NFT division.

The US game store giant has been quietly working on the NFT market since May and really stepped on the gas in October recruitment Software engineer and product marketer with Web3 and NFT experience.

Follow report GameStop hired more than 20 people on Thursday to lead the newly formed NFT division, according to the Wall Street Journal.

An unnamed source said GameStop is building an NFT platform that will enable the buying, selling and trading of NFT games, along with building important partnerships in the crypto space.

News Tezos

Team Vitality, Europe’s leading esports organization, has announced an important partnership with Tezos (XTZ).

https://twitter.com/TeamVitality/status/1479121744015151108?ref_src=twsrc%5Etfw” target=”_blank” rel=”nofollow noopener

Team Vitality will work with the Tezos ecosystem to educate fans about the benefits of blockchain as part of the gaming experience while promoting the advancement of technology. E-sports fans belong to the tech-savvy communities. Therefore, Tezos tries to exploit this area.

Team Vitality and its athletes compete in eight different games with more than 13 million followers on social media platforms. Therefore, Tezos can bring many interesting things to the journey of working with Team Vitality.

News Livepeer

Livepeer, a decentralized video streaming platform based on the Ethereum blockchain, has mobilize $ 20 million in Series B funding

Alan Howard and Tiger Global participated in this investment round along with existing investors such as Digital Currency Group, Northzone and Warburg Serres.

The Series B expansion round comes just five months after Livepeer raised $ 20 million for Series B, bringing Livepeer a total of $ 51 million.

Livepeer plans to expand its market share with additional funds. Petkanics, the co-founder of the project, says they are working on a large-scale update called Confluence that is slated to ship earlier this year that will bring Livepeer’s internal protocol from the base layer, Ethereum-based, to Layer 2 on the Arbitrum network will port. This means that the Livepeer token (LPT) and the central security mechanism remain anchored in Ethereum.

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Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.