From his prediction that Bitcoin could potentially hit the $200,000 region to Mover building the first Metaverse savings card, Shiba supports Inu. Here are some highlights from the crypto market.
Bitcoin News
In a meeting interview, Fundstrat’s Tom Lee doubled his price target to $200,000 for Bitcoin with CNBC Crypto World.
The total net wealth of US households is now $141.7 trillion, and they will lose money holding bonds over the next decade, Lee said.
As a result, the analyst expects more speculative capital to flow into the cryptocurrency.
Lee said cryptocurrency is interesting because every transaction is traceable. He also pointed to the fact that digital currencies are “much easier” to manage and move around than other asset classes, making them a viable payment option.
However, Bitcoin’s high price is a barrier to adoption, which is why he believes the industry could benefit from Satoshi pricing.
According to Lee, most of Fundstrat’s clients have started treating cryptocurrencies as a legitimate asset class.
Also, bitcoin balances on exchanges just hit a 3-year low of 2,505,957. This is taken as a positive signal for BTC.
BTC balances on exchanges | Source: Glassnode
News from the Cere network
Layer 2 scaling solutions, Polygon (MATIC) and Cere Network, a decentralized data cloud platform or DDC, were introduced announced the launch of their shared Web3 media platform called DaVinci.
DaVinci will make storage of NFT-backed assets more secure, ensure auditable data, and be truly decentralized.
Operated by Cere DDC, the platform enables streaming of personalized content to NFT holders via smart contracts. It helps leverage Cere Freeport, the NFT mining platform hosted on Polygon, to create and sell functional NFTs that provide access to exclusive content.
Cere decentralized data cloud, Cere smart contract, CRM token and CERE are used to support the DaVinci platform.
Graph Blockchain News
One of the world’s greatest soccer players, Ronaldinho, has signed an agreement with Graph blockchain subsidiary New World Inc, marking his first foray into the cryptocurrency market.
The 2005 Ballon d’Or holder will serve as the official global ambassador for the New World and Ronaldinho’s partnership also includes the creation of exclusive events and NFT experiences for millions of fans around the world.
The extraordinary achieves that @10Ronaldinho offers us to the next level. https://t.co/etP3vKlFdi @newworldincnft #nftnews ⚽???? pic.twitter.com/oIIXxggIes
— GraphBlockchain (@GraphBlockchain) February 14, 2022
Additionally, Ronaldinho will work with New World co-founder Diogo Snow, who has produced many NFT-related works, to create a powerful and publicly relevant product that plays the role essential to the company’s efforts to operate of the NFT is essential platform.
News Axie Infinity
The new version of Axie Infinity promises users a brand new look, special effects and free starter axies to attract users. Sky Mavis, the developer of Axie Infinity, wants to bring the game to a wider audience.
AXS price chart | Source: TradingView
The release is yet to be completed and should be completed before the end of Q1 2022. Origin does not offer SLP or AXS rewards during Alpha; In addition, the official launch resets all trainer resources and progress.
Backers believe Origin’s launch could act as a positive catalyst for Axie Infinity’s price. The Metaverse game token has started a 4% rally. The drop below $55 for AXS shows that it is bearish.
Analysts say the aggregate level, which is seen as an early sign of a trend reversal, has hit the ATL for several straight weeks. This indicator implies that the price of Axie Infinity could reverse and rally.
News Livepeer
All features of the Livepeer protocol have been adopted Move to Arbitrum, which offers faster and cheaper transactions for Livepeer users, moderators and delegators.
After almost 6 months of R&D, Livepeer Network has started the transition to Arbitrum with the approval of LIP-73.
As Ethereum’s mainnet gas fees soar, it is becoming clear that the high fee environment is making it difficult for participants to operate efficiently and generate profits.
The migration to Arbitrum will result in a significant reduction in gas fees, which will help run the market more efficiently and create a smoother experience.
Coinbase News
With a background in GR, economics and business administration, Bauguess will coordinate Coinbase’s engagement strategy with regulators.
Follow official announcementEffective February 14, 2022, Bauguess will join Coinbase as Vice President to coordinate global regulatory policy.
In this role, he will work with regulators to build a better regulatory regime for digital assets around the world.
Before joining Coinbase, Bauguess served more than 10 years at the US SEC as an associate director and associate chief economist.
News Fantom
Over the past week, Fantom has turned bearish as it fell from $2.4 to $1.81.
Now the tide appears to have shifted once again, this time in favor of the bulls. At the moment, the price has broken above the resistance line of the 1-week (blue) trendline. Moreover, the price is also above the 23.6% Fibonacci retracement level. These retracement levels were drawn on FTM’s move down from $2.4 to $1.81.
FTM Price Chart | Source: TradingView
If FTM can retest $1.95, convert it to support and bounce back to $2, it will likely head towards the $2.1 area (red box).
The downtrend is steady and the recent higher low was made at $1.99 a few days ago. This is the level above which the bulls must close to show a change in momentum in favor of buyers.
News Bitfinex
The couple accused of the infamous $3.6 billion money laundering through BTC with Bitfinex’s hack in 2016 received their fines on Valentine’s Day. Federal judge confirmed decision No parole for his wife Heather Morgan while husband Ilya Lichtenstein was remanded in custody.
Beryl A. Howell, Chief Justice of the Federal Court in Colombia, ruled that Lichtenstein had the motives and means to escape and should therefore be arrested.
The lawyer representing the couple denied any motive to flee, arguing that despite investigations that have been ongoing since last year, the couple have no plans to leave the country due to family ties and future plans.
News Shiba Inu
Follow notification Recently posted on Twitter, Mover, the startup that built the first Metaverse savings card, added support for the trio of Shiba Inu tokens (SHIB, LEASH, and BONE).
This allows users to top up crypto cards with Shiba Inu in December.
Besides the Shiba Inu trio, the list of available deposit options includes Ethereum (ETH), Magic Internet Money (MIM), Olympus DAO (OHM), Frax Coin (FRAX), and several other stablecoins.
Avalanche News
AVAX price fell 19% when it broke below the $84.87 and $79.06 support levels making them hurdles. This decline stopped at $76.16 and then reversed, breaking through $79.06 and moving towards the next resistance.
If it breaks the next resistance area, AVAX can cap $96.24. This move should generate a 14% gain over the current level.
AVAX Pricing Chart | Source: TradingView
In some cases, the rally can extend to $103.28 where AVAX price is likely to peak with a 21% increase.
On the other hand, if AVAX price fails to recover from this retracement, it will face the $79.06 support area, where buyers can attempt a pullback. A 4 hour candlestick close below $76.16 would create a lower low and invalidate the bullish thesis.
If this happens, the market will trigger a decline that will send the price back towards the $74 region where sidebuyers can rescue the free-falling altcoin.
MILC News
The specified MILC platform (MLT) debut Community social networking platform on MILC Media Metaverse.
The MILC media metaverse will be where a community of content creators, distributors and buyers interact.
Through the community social networking platform, users can create profiles and own a townhouse in this metaverse. If the platform attracts advertising brands, 50% of the revenue will be shared with the community in the form of MLT tokens.
News ALPINE
Become an Alpine F1 Team Fan Token (ALPINE). debut via Binance Launchpad on February 21st.
The token sale for the Alpine F1 Team Fan Token – APLINE follows the Launchpad subscription format, with the recording of users’ BNB balances between 7:00 am (16 February) and 7:00 pm (male).
ALPINE will be distributed on February 21 at 5:00 p.m. Launchpad’s hard cap is $4 million (10%). Launchpad price is $1.00.
Other news
Indian social networking platform, Chingari, native token implementation and Solana integration
Indian social networking platform Chingari has announced Ambition to revolutionize the experience of an economy of 100 million users with the integration of GARI digital assets and companion crypto wallets via the Solana blockchain.
The Chingari interface is often similar to popular western entertainment services like TikTok, Instagram Reels, and YouTube Shorts, as its primary focus is on short-term loopable video content.
Launched in 2018, the platform has grown exponentially in recent years, amassing over 35 million monthly active users to…
Join CoinCu Telegram to keep track of news: https://t.me/coincunews
