Investor Who Made $2 Million From Entering Shiba Inu Early Apes Into New Viral PayFi Altcoin Remittix Analytics Insight
Source link ]]>
Memecoin Mania! See The Latest Shiba Inu News As Early Pepe Holder Apes Into Newbie Remittix Analytics Insight
Source link ]]>
- The latest data reveals that the price of Cardano Ape NFTs has shot up in comparison to the popular Bored Ape NFTs.
- On-chain data shows that Cardano shark addresses have accumulated over 300 million ADA coins since the implosion of FTX.
The Cardano ecosystem has witnessed fast growth in the world of Web3 and non-fungible tokens (NFTs). Cardano blockchain is slowly becoming a go-to platform for different players to launch their non-fungible tokens (NFTs).
Interestingly, the demand for Cardano Apes has shot up recently driving the prices even higher. As per the latest details shared by wab.eth Cardano Ape Francisque sold for a massive $250,000 putting them in a direct comparison with the very popular Bored Ape NFTs. The interesting part is that such development comes at a time of a very strong bear market sentiment.
There are cardano apes selling for almost the same price as bored apes.
Honestly impressed by the growth of this ecosystem. People still fading. pic.twitter.com/qCtACJabAp
— wab.eth ❁ (@wabdoteth) December 23, 2022
NFT Projects launched on the Cardano blockchain have seen very good traction in recent times. The Ape Society, Cardano’s biggest NFT project has witnessed a strong user demand with the floor price of its NFTs reaching a record high of 10,000 ADA.
The volume of NFT transactions on the Cardano blockchain platform is also reaching a new high. Also, the key developments and upgrades taking place on the Cardano blockchain have facilitated the sale of NFTs in a much better way.
Although Cardano continues to make some major progress in the crypto space, the project isn’t getting enough coverage from peers in the same industry. Crypto exchange Coinbase recently published a report for its 2023 Crypto Market Outlook, however, there was no mention of Cardano in it. Cardano chief Charles Hoskinson expressed his disappointment over the matter.
Not a single mention of Cardano. Pretty low and pretty sad. I honestly expected better pic.twitter.com/0VHSdm5A2H
— Charles Hoskinson (@IOHK_Charles) December 21, 2022
However, Blockchain analytics firm Messari recently published a 168-page report dubbed “The Crypto Theses for 2023” wherein it talks of key crypto areas to watch for in the upcoming year. The report does have a mention regarding Cardano.
We got some cardano coverage. https://t.co/Kzj2WinVrF pic.twitter.com/exfrititkG
— Charles Hoskinson (@IOHK_Charles) December 23, 2022
Cardano Shark Addresses Accumulating ADA
Despite the recent developments in the Cardano ecosystem, it hasn’t been much reflected in the ADA price. In fact, Cardano’s native crypto ADA has been constantly under selling pressure in tandem with the broader market’s negative sentiment.
But on-chain data shows that ADA believers have been accumulating the cryptocurrency despite the current drop in its price. On-chain data provider Santiment noted that the Cardano shark addresses have accumulated 330 million more ADA coins ever since the implosion of the crypto exchange FTX. It added:
Key #Cardano sharks have been accumulating steadily since June. And they have taken this level of dip buying to a new level since the #FTX fallout in early November. Addresses holding 10k to 100k $ADA have added $83M worth of coins since November 7th.
Courtesy: Santiment
The Cardano foundation recently published a report sharing the highlights for the year 2022. The report notes that this year in 2022, the Plutus smart contract scripts jumped by 400% in comparison to the previous year. the total number of Plutus smart contract scripts this year has jumped to 4,445.
-
ApeCoin has lost the battle at the resistance of $4.2
-
The cryptocurrency has been hit by the general weak crypto sentiment
-
APE could drop to $3 if the bear pressure mounts
ApeCoin (APE/USD) traded at $3.5 as the cryptocurrency came under bear pressure from the $4.2 resistance. Buyers have been defending the $4.2 resistance for some time, giving hopes of a potential breakout and the start of a bull market. Apes seem to have now been defeated as the cryptocurrency looks at a possible decline to $3.
Recent strengths in ApeCoin coincided with the launch of the staking feature earlier this month. Despite witnessing a lot of success, the users of the staking service have been warned of numerous phishing attacks. Horizen Lab, the developer of the staking feature, has told users to only use the official link, ApeStake.io, for the service.
Nonetheless, from the price outlook, APE seems to be getting hit by the overall crypto sentiment. The decline comes despite Ape-coin-linked NFTs continuing to record leading sales volumes. A technical outlook shows APE still trapped in a descending channel.
APE slides from $4.2 resistance as weakness develop
APE initiated a bearish MACD crossover on the daily chart. The indicator has shifted to the negative territory after the latest price decline.
The cryptocurrency now trades below $4.2 resistance after bears took control. APE price has now crashed back to the descending channel. The price is gaining stability at $3.5, but the established support lies at $3.0.
Concluding thoughts
If bulls do not take control of APE at $3.5, the next decline could take the cryptocurrency to $3.0. APE price must overcome resistance at $4.2 and the descending channel to become bullish.
Where to buy APE
eToro
eToro offers a wide range of cryptos, such as Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro users can connect with, learn from, and copy or get copied by other users.
Public
Public is an investing platform that allows you to invest stocks, ETFs, crypto, and alternative assets like fine art and collectibles—all in one place.
Bored Apes, Shiba Inu, Geico’s Gecko, Aflac’s Duck: Animal Brands Are Rising Bloomberg
Source link ]]>
The owner created a house that’s fit for Airbnb, complete with walls lined with NFTs, memes and other relics of crypto’s heyday. It’s for sale for about 20.4 million Dogecoins.
Inman Connect New York delivers the perfect blend of outside-the-box thinkers, cutting-edge leaders, and hard-working, successful agents. Join us Jan. 24-26 for crucial content, education, and networking opportunities to help you thrive in today’s changing market. Register here.
A Los Angeles homeowner who rehabbed her Hollywood house into a crypto bro’s dream palace has listed her home for $1.2 million.
And like the murals of NFTs that line the walls in each of its three bedrooms, this is one of a kind.
The listing says the home is “priced to sell,” complete with three bedrooms, three bathrooms, a detached bonus room and all the furniture.
What’s absent from the listing is any mention of the story told by the walls, which include homages to the NFTs — or non-fungible tokens — that traded for nearly unimaginable amounts of money during the height of cryptocurrency.
In the dining room, a whole cast of dozens of bored-looking, painted apes surrounds the table, a recreation of the primates in the Bored Ape Yacht Club.
Head into the living room where the purple furniture, fireplace and mantle sit among paintings of CryptoPunks that sold for hundreds of thousands of dollars or sometimes much more.
The walls of one bedroom are lined with images of real tweets of people talking about trading NFTs and another is home to the infamously goofy-looking Shiba Inu that’s the mascot of the Dogecoin meme stock.
The unique nature of the home attracted a post by the social media account Zillow Gone Wild, which features unique and sometimes outlandish real estate listings.
According to news outlet dot.LA, the seller is Elle Levy who became entrenched in the world of crypto in 2017 before she retrofitted the home into a series of them.
The abode became an obvious choice for Levy to rent out as a short-term rental, as Airbnb investors increasingly design one-of-a-kind homes with the goal of fetching higher nightly rates and more occupants.
The success of Levy’s Crypto House as a short-term rental led to issues with her neighbors, she told dot.LA, which is why she’s selling. (She plans to recreate the home elsewhere.)
The outlet reported that Levy bought the home in 2016 for $500,000. That’s a 140 percent increase in six years. Not bad; but it’s no crypto.
On Saturday, April 30th, Bored Ape’s creators Yuga Labs broke Ethereum. Their new metaverse-inspired project, Otherside sold plots of virtual land to a roaring crowd of people yelling “Shut up and take my money!” In this case, the currency in question was the recently created ApeCoin. However, since Ethereum host ApeCoin and the land NFTs, the roaring crowd needed ETH to pay for the operations’ gas fees.
If you’re familiar with Ethereum, you already know what happened. According to IntoTheBlock’s Lucas Outumuro, “The Bored Ape’s Otherside land sale led to more fees being processed by Ethereum in three hours than in the previous two weeks.” Of course, all hell broke loose. The gas prices across the network went through the roof, many transactions failed causing people to lose their gas fees, and others just couldn’t afford to mint the NFT lands they were entitled to.
At the end of the day, the Otherside virtual plots NFTs, known as Otherdeeds, sold out. The Ethereum network pocketed around $125M just in gas fees. It didn’t survive the madness unscathed, though. Several Ethereum-based projects reported failed and/or slow operations and Etherscan, Ethereum’s block explorer, completely crashed. “We’re sorry for turning off the lights on Ethereum for a while,” Bored Ape’s creators Yuga Labs stated.
The Origins Of Otherside
Back in March, Yuga Labs raised an Andreessen Horowitz-led funding round of $450M to build Otherside. Apparently, it’s a Metaverse project in the vein of Decentraland and The Sandbox, but with a Play-To-Earn element built into it from the beginning. That same month, they created the now-defunct http://somethingisbrewing.xyz/ to ask people to KYC themselves and link their personal info to their Ethereum addresses.
Those registered addresses had the right to mint two plots of land in the Otherside playground. Bored Ape’s holders received two free plots each. There are a total of 55K Otherdeeds. To mint each one cost 305 ApeCoin. Plus, the Ethereum network’s gas fees. Even though it was expensive, considering Yuga Lab’s successful track record, it seemed like a steal.
Until the gas prices rose to unpayable levels, that is.
ETH price chart on FTX | Source: ETH/USD on TradingView.com
Bored Ape’s Creators Yuga Labs Speak
After selling everything, breaking everything, and leaving humble collectors land-less, the Bored Ape’s creators responded to the controversy with this brief Twitter thread.
We know that the Otherdeed mint was unprecedented in its size as a high-demand NFT collection, and that would bring with it unique challenges.
— Yuga Labs (@yugalabs) May 1, 2022
Among other things, Yuga Labs stated:
- Even though they took the mentioned KYC measures, too many people wanted in. “This has been the largest NFT mint in history by several multiples, and yet the gas used during the mint shows that demand far exceeded anyone’s wildest expectations.”
- Soon, ApeCoin will cease to be an Ethereum token and will become a full-fledged cryptocurrency. “It seems abundantly clear that ApeCoin will need to migrate to its own chain in order to properly scale. ”
We’re sorry for turning off the lights on Ethereum for a while. It seems abundantly clear that ApeCoin will need to migrate to its own chain in order to properly scale. We’d like to encourage the DAO to start thinking in this direction.
— Yuga Labs (@yugalabs) May 1, 2022
- They will refund the gas fees of the operations that didn’t go through. “For those of you affected, we appreciate your willingness to build alongside us – know that we’ve got your back and will be refunding your gas.”
- In a posterior tweet, Yuga Labs announced that the gas-refunding process has already started. “Note that you do not need to do anything – we will transfer it all back to your wallet and announce when it is completed. Don’t click any links.”
We are still working on refunding all Otherdeed minters with failed transactions their gas. Note that you do not need to do anything – we will transfer it all back to your wallet and announce when it is completed. Don’t click any links.
— Yuga Labs (@yugalabs) May 2, 2022
Even though it sounds like the Bored Ape’s creators are doing the right thing, its worth noting that the people receiving said refunds didn’t get to buy an Otherdeed NFT and the collection sold out. They can still get them in the secondary market at a premium, but the community is not pleased.
Bored Ape’s Users Speak
What follows is a narrow selection of opinions about the launch. Most of these people are Bored Ape’s rich and are heavily invested in the Yuga Labs ecosystem, but they’re worried. Let’s summarize what they said.
- According to Ap3father, “The drop went unbelievably poorly. That’s the truth of it all.” Plus, “this drop did nothing to help further the distribution of the already popular Yuga community … the same 27.5k people bought ..” However, he reflects, “Yuga Labs made me a millionaire. I am beyond spoiled, humbled, and blessed to be in this situation because of them.”
The drop went unbelievably poorly. That’s the truth of it all. The initial thesis was that not enough KYC wallets exist for it to sell out in wave-1 .. not only was that incorrect … It sold out with 2+E in gas the entire way … a nightmare scenario …
— ap3father.eth (@ap3father) May 1, 2022
His conclusion is that “The community responded atrociously to this mint.” And his advice is to sell, “You may have millions in NFTs and that’s outstanding, but grab onto reality. When you die one day … they don’t bury you in the metaverse my friend. ” He has extra Bored Apes, though, so he’s not going anywhere. “I am excited to both sell some apes & continue my journey into the otherside.”
- For his part, Irish expressed suspicion. “How does the biggest innovators in the space not forsee a gas war? You literally have every address, identification of every KYC’d. Offer each KYCd 2 lands?” And tried to get Yuga Labs to honor their promise to sell him land, “We hear how you “make good” I’m thrilled you are paying failed transactions! Acknowledge your mint mistake.”
I spent 3 hours constantly refreshing and trying like many here. If you really want to spread to wallets let those KYC’d mint. We should’ve been given 2 weeks. And put on allowed mint list on contract. Similarly like Gary Vee did, Instead you chose PR nightmare.
— Irish (@Irishmikeys) May 2, 2022
- On the other hand, 3433 defended Yuga Labs. “Yuga let us mint BAYC for 0.08, they gave us Dogs to claim currently worth 9 ETH, they gave us free serums worth 57 ETH to drink or hold/sell which made Mutants, worth 30 ETH, they gave us 100-200k USD worth of $APE coin.”
Sure, maybe the mint could of gone better, we could of had a Cue/Raffle system, but at the end of the day every successful mint on ETH is a fucking shitshow, we all know this.
— 3433.eth
(@boredape3433) May 1, 2022
Vitalik Buterin Speaks
- Last but not least, Ethereum’s creator Vitalik Buterin defended the Yuga Labs smart contract that governed the whole operation. “Regardless of contract details, tx fee goes up until list price + tx fee = market price. If gas usage per purchase decreased 2x, the equilibrium gas price would have just been >12000 gwei instead of 6000.”
Don’t think optimizing the contract would help. Regardless of contract details, tx fee goes up until list price + tx fee = market price. If gas usage per purchase decreased 2x, the equilibrium gas price would have just been >12000 gwei instead of 6000.
— vitalik.eth (@VitalikButerin) May 1, 2022
Nevertheless, the Bored Ape’s creators seem pretty determined to create their own blockchain. Some people even suggest that they orchestrated this whole situation to justify and market it.
Featured Image: Bored Ape's metaverse Otherside logo from the site | Charts by TradingView
- NYSE:AMC fell by 3.0% during Monday’s trading session.
- The new payment upgrades to AMC’s mobile app have not impressed investors.
- Fantastic Beasts 3 struggles at the box office and debuts at a franchise low.
NYSE:AMC extended its recent decline as the meme stock falls further below its 50-day moving average price and erases any gains made in the month of March. On Monday, shares of AMC fell by 3.0% and closed the trading day at $17.48. US markets were lacking direction to start the week, as a series of macroeconomic factors weighed on investors. Talk of imminent rate hikes from the Fed and the start of earnings season seemed to play a role in the volatility on Monday that led to all three major indices closing lower yet again. The Dow Jones edged lower by 39 basis points and the S&P 500 and NASDAQ dipped by 0.02% and 0.14% respectively during the session.
Stay up to speed with hot stocks’ news!
AMC’s recent payment upgrades for its mobile app and desktop site have not impressed investors. Last year, CEO Adam Aron polled the Apes about which cryptocurrencies they would like to have added as payment methods. Not surprisingly, retail traders voted for DogeCoin and Shiba Inu Token along with Bitcoin and Ethereum. The additional methods were added last week along with Apple Pay, Google Pay, and PayPal, but thus far it hasn’t moved the needle for the stock despite Aron once again showing he is willing to support his shareholders.
AMC stock price
Easter weekend wasn’t as successful as many in the industry thought it would be as the latest installment of the Harry Potter series had the lowest debut in franchise history. Fantastic Beasts 3 was the top film at the box office, but it only brought in a total of $43 million which narrowly edged out Sonic the Hedgehog 2 in its second week of screenings