This week’s guest on the Cardano NFT Column is a project characterized by an NFT collection raising awareness & sharing knowledge about sustainable construction using EARTH as a building material: Earth Natives.

Last week’s guest was a project developing an NFT-based RPG with competitive game modes.

This initiative is a point of reference for NFTs on Cardano and every week or two we will invite someone to answer some questions and give us an update directly from within the Cardano community.

Considering that many of our readers are new to the crypto space, we will have a mix of simple and technical questions.

Cardano NFT project: Earth Natives

Cardano NFT project Earth Natives uses blockchain to help solve real world problems

Hey, glad to have you here. Please introduce your team, where are you from, what are your backgrounds?

Hi, thank you so much for inviting us to speak here and share a little bit about who we are.

So our team is made up of 6 core members split between Australia and Brazil who have been either friends, family or coworkers for a long time. 

Thiago and I, Kristy, are married and are the co-founders of Earth Natives. I have a background in communications and lead the front with all community sides of things for the project including social media and copywriting. Thiago is our project manager and also the CEO of Institute Ecoterm Modular. 

We have our incredible artist, Montanaro, who is a well known illustrator in Brazil and has been drawing professionally from a very young age. Our art director, Rafael, who works for one of the top advertising agencies in Sao Paulo and has been best friends with Thiago since childhood. Our developer Keith, who we met at the Perth Cardano Summit and who is also the stake pool operator for POWER stake pool. And lastly, Kati, who is a civil engineer and owner of Metta, one of the ecological brick factories that is a part of our Institute. Kati is also the team leader for building the sustainable house that we donated.

Why have you chosen Cardano for your NFT collection? What advantages does this blockchain bring?

We were looking for sustainable blockchains and narrowed it down to Algorand and Cardano, however in the end chose Cardano because of its robust technology and its culture that is dedicated to making a positive change in the world. We have always been supporters of Cardano and want to play a role in its mission to make the world a better place.  

In terms of advantages, the blockchain provides us with a way to operate internationally with transparency and resiliency. 

Tell us more about the Earth Natives project. How did it begin, what have you achieved and where are you going?

Behind the scenes of Earth Natives is Institute Ecoterm Modular, an institution that is dedicated to teaching others how to build with earth and raising awareness for a more sustainable future. As a means to help scale and start operating internationally we started looking for a technology that we could use to help showcase the interlocking compressed earth bricks which is where Cardano came in and the idea for Earth Natives was born.

Earth Natives is an NFT project that used the funds from our sales to build a sustainable home. We then donated this house to a family in need in Brazil and filmed the entire journey to share with the community. 

The lore behind the NFTs is based on climate change and how with growing temperatures humans were forced underground and morphed with an animal that uses the earth for shelter. This is where we get the three main characters from our collection of 3333 NFTs. The most important aspect about the artwork of the NFTs is the mineral each one carries on their chest. It is through the minerals that we wanted to teach about the complexities of the earth which is seen in the metadata. Each collection also comes with its own ceremonial ayahuasca music as a reminder to all to take the moment in the day to focus on yourself, breath and be in harmony with the earth. 

Three pieces from the Earth Natives – Armadalus NFT collection

As of 3 weeks ago, we officially handed over the keys to the completed house and since then have been working on:

• Our mission driven stake pool, TERRA, which recently minted its first block;
• IEM Governance tokens; 
• Our illustrated lore with audio narration; 
• We also have plans to create a 3D Earth Building museum in order to display the different types of techniques that use earth as a building material in a virtual experience

In the long term, we hope to be able to teach small communities around the world how to produce the bricks themselves so that they can then provide jobs and housing for their locals as well as help us to make the future more sustainable.

Can you explain the process of building one of your ecological houses? From the materials used to the advantages of the interlocking of bricks.

When it comes to building one of our ecological houses, the only process that is different from a standard build, is how we build the walls and install utilities. In terms of materials, we use the compressed earth interlocking and modular bricks, glue and steel rods.  

Soil-cement bricks (compressed earth interlocking bricks) represent an alternative fully in line with sustainable development guidelines. They require low energy consumption in the extraction of raw materials, they do not generate any type of pollution or waste in their production process, and they dispense with the need for burning which generates great energy savings and also minimizes deforestation as 6 to 9 trees per thousand bricks are preserved.

The bricks themselves provide higher quality and comfort to the house as they are a lot stronger than your average brick and due to their holes which form thermoacoustic chambers, they are able to control the temperature inside the building and also help isolate noise.

Institute Ecoterm Modular is dedicated to creating innovative and sustainable construction

Moreover, in the execution of the work, the need to cut the walls for electrical and hydraulic passages is eliminated, which generates a substantial decrease in the volume of debris generated and still reduces the consumption of settlement and levelling mortars.

In a more simplistic explanation, the compressed earth interlocking bricks are ecological, low energy consuming, waste reducing, super-efficient to build with and lessen construction time by up to 30%, require fewer materials and labour, therefore reducing the overall cost of the build and provide better comfort and style to your home. 

Awesome. Any closing remarks? Where can people follow you?

Earth Natives is just one project from Institute Ecoterm Modular and we still have so much more we want to achieve and accomplish in the future. For anyone who is interested in learning more about us or has any questions please head to our website and EcoTerm. You can also find us on Twitter which has the link to our Discord. 

Big thank you to Patryk and the Cardano NFT Column for giving us a slot to talk about our project and for all the amazing content you share with us all.

Disclaimer: The opinions and views of the people interviewed are their own and do not necessarily reflect those of the Cardano Foundation or IOG. Moreover, this content is for educational purposes, it doesn’t constitute financial advice.

The best risk-on asset in the past decade, Bitcoin, is in a process of transition. Senior Commodity Strategist for Bloomberg Intelligence, Mike McGlone, said in a recent interview with Kitco News’ “On The Spot”.

Related Reading | Arthur Hayes Says Ethereum (ETH) Could Reach $10K Level By The End Of Year

This process is painful as crypto investors can confirm but could take the benchmark crypto to new highs. In the past 6 months, the price of Bitcoin dropped from an all-time high of $69,000 to its current levels of around $30,000.

In the short term, the pain has been more pronounced with Bitcoin recording 9 consecutive weeks in the red. McGlone believes the cryptocurrency and other risk-on assets are responding to the current macro-economic outlook.

The crypto market has experienced some of the best performance in global markets. The rally in the nascent asset class usually corresponds to 4 years cycles with parabolic bull runs followed by multi-year bear markets.

Many in the sector believe cryptocurrencies entered their bear phase or the “Crypto Winter”. The losses have been compounded by two factors: the beginning of economic tightening measures by the U.S. Federal Reserve, and the collapse of the Terra ecosystem.

In that sense, McGlone argued that Bitcoin and other cryptocurrencies must face the biggest losses as they recorded the largest gains. This process is called “Mean Reversion” when an asset trends in a direction and then reverses to a “mean” price or bottom.

On the latter, the Senior Commodity Strategist said it’s “hard” to calculate an exact price bottom. Bitcoin has been moving in tandem with the Nasdaq 100, and both recently hit their 100-week moving average when BTC’s price dropped to $30,000.

McGlone claims the trends seem to hit at further losses, but Bitcoin should “come out ahead”. This potential rally will be driven by “institutional bids”, as BTC continues to be adopted by worldwide institutions, and because of the cryptocurrency’s “inelastic supply”.

What Will Take Bitcoin To $100K

Despite its recent growth, McGlone claims a small part of investment firms included BTC as part of their portfolio. This could change in the coming years, as Bitcoin becomes “global collateral” and begins a new ascent towards $100,000 by 2024.

On BTC’s price future outlook and potential bottom, McGlone added:

I think $30,000 is a very good support pivot in Bitcoin. It basically needs the equity to keep going down for it to push it lower. But what I sense it’s (BTC) pumping into good support and I fully expect, it could get to $20,000 but I doubt it does, within the next two years it’s going to get back to and get to $100,000.

The current downtrend might be a good thing for some of the strongest projects in the crypto industry. This will help remove speculative assets and leave those projects with robust fundamentals.

These projects could be able to continue getting market shares from traditional markets. As the expert said, the crypto market was only 0.5% of the market cap for global equities. Now it’s around 1%.

In the coming years, as the economy becomes deflationary and equities trend lower, McGlone believes Bitcoin and Gold will be two of the best assets to hold. However, the precious metal could lose market share to the number one crypto.

Related Reading | ARK Invest: Despite The 9 Red Candles, “Bitcoin’s Fundamentals Remain Strong”

At the time of writing, BTC’s price trades at $29,700 with sideways movement in the last 24-hours.

Next Earth, the third-largest metaverse, has already proved its commitment to support environmental initiatives by allocating 1 million USD to environmental issues, and now they are about to launch its first CSR campaign.

Together with its partner organization, SEE Turtles, Next Earth is going to launch a game in the metaverse: they are inviting their users to contribute to a good cause by purchasing land on certain territories in the metaverse with a chance to win $200,000 worth of NXTT or five unique NFTs. 20% of proceeds from each transaction will go to SEE Turtles to implement plastic removal projects on the same locations in the real world.

Collecting plastic waste from beaches and coasts doesn’t only cleans the ocean but can save the lives of endangered sea turtles and make a positive impact on the environment. Next Earth is leading the way among metaverses when it comes to social responsibility and takes it seriously to inform, educate, and make real impact together with its community and partner organizations.

How to Join

To take part in this campaign, Next Earth users simply need to purchase land on any of the territories involved in the campaign. These territories are the same locations where SEE Turtles will implement plastic waste collecting projects from the income of the campaign. After purchasing land, users will be able to start a treasure hunt, where they need to remove trash from their tiles to see if there are any prizes hiding under them.

Under many tiles, Next Earth has placed $200,000 worth of NXTT in different values and 5 unique NFTs made by TinyWasteland. So not only will participants be supporting a good cause, but they also have the chance to win some amazing prizes. The campaign will officially launch in May, but Next Earth will announce the exact date soon.

In their livestream on 21 April, Noemi Magyar Head of CSR at Next Earth and Brad Nahill, President of SEE Turtles discussed the impact of their ongoing partnership and how the donations are turning into real help. Peter Csakvari, the artist behind TinyWasteland has also joined the discussion to talk about his art and how unique NFTs can be used in such campaigns.

Metaverse For Good

This campaign is a great example of how a metaverse can use its platform to support a good cause and be socially responsible. By collaborating with SEE Turtles, Next Earth is making a positive impact on the environment and helping to save the lives of endangered species.

While Next Earth has always donated 10% of its transaction proceeds to charity, this is the first time it has launched a social responsibility campaign of this magnitude. This level of cooperation between a metaverse and its community is exciting and sets a precedent for how such platforms can be used to support environmental initiatives.

As the metaverse becomes more mainstream, it is important to remember that it can be used for more than just entertainment. Next Earth hopes that this campaign inspires other metaverses to use their platform to support causes and make a difference in the real world with the help of a virtual one.

 

Photo by Peter Csakvari, TinyWasteland

Cardano is a unique environment that allows technology and a global community to come together for the greater good. Earth Natives is an NFT project that incorporates graphics from a well-known Latin American artist and healing music. In true Cardano style this project has a charitable heart. It is affiliated with a company that makes ecofriendly bricks that do not require kiln firing. These bricks are being used to build a house for a person in need. This is blockchain technology, environmental building techniques and a giving spirit coming together to change lives. There is a lot to unpack here so let’s first take a look at the NFT side of the project.

The NFT Project

Armadalus Series 1

Adants Series 2

In the future, humans have moved underground to avoid the harsh effects of climate change. Over time, they have evolved and changed to accommodate their new surroundings. There are three types of Earth Natives: Armadalus, Adants, and Meerkadas. The first two collections, Armadalus and Adants, are fully minted and available only on secondary markets. The third series is scheduled to mint on April 23, 2022. Every character is designed with unique characteristics and gems. The scientific formula for the hardness of the minerals is actually included in the metadata of each CNFT. In this way the project educates about various minerals and their characteristics. The project lore is also beautifully written. Here is a sample, you can read it in its entirety on their website:

The entrance to the underground bunker had been carved into the rocks’ surface, huge pillars surrounded by even bigger statues of men’s heads with plate armour covering their noses and the top of their heads, stood out front. It gave off a foreboding sense, warning away those from the outside or from the inside. Laying on the ground in front of the gates, lay a female, huddled in a protective ball, appearing weak and defeated. “What do you think it is?”, Zane asked, not taking his gaze away from the woman who he was spying on from his guard post inside the gates. “Looks like a woman of some sort but I thought they were all extinct?”, replied Mo, second guard on duty tonight. The men continued to watch her, scanning the surrounding area for further threats, but there was nothing to see. The lush forest and mountain ranges that once stood here decades earlier had all burned and dried out, just like most of humanity.”

After the third series, the project roadmap will conclude with the auction of a one of a kind NFT – Owlada. This will occur after the construction is complete and the keys are turned over to the new homeowner. There will also be a poster available for holders to mint.

The Artist & The Musician

The artist for this project is João Montanaro, a cartoonist and illustrator from Brazil who started drawing at age 6 by copying television cartoons and newspapers. Here he is a few years ago in a Faber-Castell commercial for their art pencils.

He laughingly says he had no skills for football, which left him time to focus on art. His first work was published in MAD magazine at age 12. At age 14 he started working for Sao Paulo’s biggest newspaper – Folha de São Paulo. He is also the author of two books Eu Nao Arrependo de Nada and Tickling at Raciocinio and has been published in both French and Brazilian Magazines. He has worked as a screenwriter on audiovisual projects such as TV series and short films.

Some examples of his earlier work:

---

The Brazilian Musician behind the lovely music for the entire series is Paulo Jales. The music is considered ceremonial ayahuasca music. It is a delicious mixture of indigenous music, Latin rhythms, Portuguese and Spanish culture. It is deeply relaxing music, meant to assist in healing. I invite you to listen to a sample:

The music in the second series features the chanting of Olivia Arevalo- a Peruvian shaman and spiritual leader of the Shipibo-Konibo people. She is known for her songs about the sacredness of the earth and our relationship to it.

The Bricks

While the NFTs can stand on their own, in this case they are only the beginning. What they are, in fact, is a funding mechanism for the revolutionary part of this project: building houses. Earth Natives is affiliated with Ecoterm – an institute committed to developing sustainable building practices. This isn’t merely a dream or a concept. These folks have actually developed a brick made from earth and recycled mining waste. In addition to using recycled products, these bricks do not require heating to harden, which drastically reduces the energy needed to manufacture them. The bricks have also been designed with energy consumption in mind – their structure allows air to move through the thermoacoustic chambers in the brick, controlling temperature by using the heat from the sun.

The Building Process

Original house that was torn down

Foundation

Outside walls finished

Here is the magical part: the funds from NFT purchases are building real houses for real people in Brazil. This is cryptocurrency helping people in ways unimaginable just ten years ago. As you can see from the pictures above, the original home, which was in poor condition, has been torn down. The foundation and outside walls are completed. The profits from the third series will be used to finish the construction and get the home ready for the new owner. The project team is wasting no time in using the proceeds from the NFT sales to build the new home. These folks are solving real life problems- simultaneously teaching about the properties of earth’s minerals, and looking at sustainable building construction (literally earth, recycled waste, sun and earth as building materials) and building houses for people in Brazil. This is a truly dedicated team, working hard for things they believe in. Watching their progress is watching Cardano change people’s lives. While this NFT series may be coming to an end, Earth Natives is just getting started with eco-friendly building techniques. Expect to see more from this team in the coming months and years. Please check out their website for more information.

There’s more, and it’s only Thursday! Exciting a week for the third-largest metaverse: Next Earth today announced that the NXTT token will be listed on a centralized exchange, with plans to be in another top 3 exchange within 2-8 weeks of this first listing. Gabor Retfalvi and David Taylor explained in their Youtube live session, that CEXistings will provide more liquidity and accessibility to the NXTT token, and will help to further grow the booming Next Earth community.

With the first CEX listing agreement complete, all that remains is technical steps for the CEX listing to happen around the middle of April.

Also, Next Earth is pleased to be a sponsor of the upcoming CCTF hacking competition. This great event focuses on educating and growing the hacking community.

The company also announced its investment in Primal Game Studio, a game development studio with experience in developing exciting adventure and RPG games. Both enterprises focus on community-driven experiences, enabling the potential for shared knowledge and viewpoints from different perspectives, which will make this a strong partnership.

Next Earth aims to build an immersive, interactive metaverse, and Primal is at the forefront of video game production: this investment is an opportunity to build virtual reality worlds together. Primal’s current and future video game titles will not be affected by the partnership and are not going to include NFTs or other forms of blockchain technology, but Primal will fully leverage its decades-long expertise in cutting-edge technologies and content production to support Next Earth in its journey to building the world’s premiere metaverse experience.

Primal Game Studio will remain fully independent, pursuing its own vision and business strategy while its partnership with Next Earth will enable the worldbuilding of their immersive Metaverse. This strategic investment aims to equip Primal Game Studio with the assets to grow their business and fulfill the growing demand they’re facing – while also enabling Next Earth to start building its Web3 Metaverse environment with one of the best quality game development companies in the video game industry.

Primal Game Studio is an independent game studio founded in Budapest that adds new twists to classic genres in its mid-core and hardcore titles. Since its foundation in 2012, the studio’s team of industry veterans and passionate game makers have worked on various exciting titles for partner studios, including products in the League of Legends universe for Riot Games, Warhammer: Mark of Chaos, and Might and Magic: Heroes 6. Primal’s currently announced upcoming games, both Epic MegaGrants recipients, are Around, a hand-drawn adventure game, and Mandragora, an epic and dark fantasy action RPG.

Taylor and Retfalvi also spoke about their first launchpad project: The Next Earth launchpad is kicking off with a real estate agency project. This will be a great way for the company to get started in the industry and to provide a valuable service to their community.

The term “hacking” might conjure up images of shadowy figures typing away in darkened rooms, but the truth is that hacking can be a force for good.

As part of their ongoing efforts, CodeCluster and Next Earth will be sponsoring CCTF – the largest hacker competition for crypto and blockchain hackers. This year’s event will take place in May, but players can apply until April 7th.

Crypto CTF is more than just a competition – it’s also an educational event, teaching through hacking. The challenges are designed to be realistic, and cover topics that cryptographers, auditors, pentesters and security engineers face on a daily basis, including hacking challenges related to Bitcoin, Ethereum, and even Polkadot.

The sponsor Next Earth is the third-largest metaverse project, with more than 30,000 virtual landowners, 180,000+ registered users, and 2,500+ transactions. The platform was created to become a self-sustaining, self-regulated not-for-profit supporting environmental causes on Earth, and has donated $1 million to environmental initiatives since launch in Q4 2021.

CodeCluster is a culture-first web and app development shop. The vision for Crypto CTF was conceived at the beginning of 2019 by Six, and the first round was played during the BsidesBUD information security conference. Since then, each event has seen an increased number of participants and sponsors.

Teaching Through Hacking

As Next Earth aims to lead the metaverse charge with their innovative platform, they realize the importance of the next generation of talented developers. After all, if the metaverse is to become the next generation of the Internet, then it will need the support of the next generation of coders and developers.

For instance, consider that an entirely new infrastructure needs to be created to support the metaverse. Everything from the way data is stored and transmitted, to the way identities are verified and assets are managed, will need to be built. That’s a lot of work, and it will require the skills of thousands of talented coders and developers.

Moreover, consider the need for interoperability between metaverse platforms. Users should be able to move their assets and data freely between different metaverse platforms, without losing anything in the process. That’s a daunting challenge and one that calls for developers with a big-picture view.

The CCTF event is one way that CodeCluster and Next Earth are working to create a pipeline of talented metaverse developers. By sponsoring the event, they are incentivizing people to develop the skills needed to build the metaverse.

Past events have covered topics such as cryptography, blockchain, Proof of Authority, Smart Contract security, frontrunning and cryptocurrency infrastructure vulnerabilities, weak crypto, misconfigurations, leaked wallets, BIP seeds, and incorrect RSA implementation.

With each event, the pool of talented coders and developers grows, and a global metaverse gets one step closer to becoming a reality.

 

 

Photo by micheile || visual stories on Unsplash

Dublin, Ireland–(Newsfile Corp. – January 19, 2022) – Ravendex team is pleased to announce its strategic collaboration with World Mobile Token to enable it to reserve an Earth Node that will “bring Internet access to remote areas in Africa.”

Figure 1: Cardano Dex “Ravendex” Reserves An Earth Node With World Mobile Token, Set To Launch Exclusive NFT Drops

Come June 2022, World Mobile Token will use blimps, an end-to-end solution, to offer affordable internet services to a wide range of users in Africa. The project is built on the Cardano blockchain and supported by IOHK.

When its ISPO launches, Ravendex will pass a portion of the rewards to deserving delegators who have their ADA staked on Ravendex stake pool. Ravendex is currently trading on Bitmart and has recorded a trade volume of over a million dollars. By daily volume, Ravendex is one of the most consistent Cardano native tokens on the chart.

The team at Ravendex is also pleased to announce that the project’s NFT minting will start in less than 48 hours from now. Investors and crypto trades alike are encouraged to be part of the Rave NFT minting, as there are lots of exciting rewards for grabs.

Rave NFT Holders will be able to get exclusive token drops & NFT drops and can also stake their NFTs to get rewards in $RAVE.

Rave Token, the utility token of the Ravendex ecosystem is currently trading on Bitmart.

The $RAVE Token

Ravendex has a utility token with the symbol “$RAVE”. The token is a governance token which users can use to participate in the governance structure of the project. With $RAVE, users will be rewarded for their efforts, commitment, and loyalty. Investors can use $RAVE to purchase goods and services on the Ravendex protocol.

About Ravendex

Ravendex is the world’s first non-custodial decentralised exchange on the Cardano blockchain. At its core, Ravendex permits switch and near instant assets and liquidity transfer between ADA and native Cardano tokens. Ravendex operates using the EUTXO model for the easy sharing of liquidity among different assets in the Cardano ecosystem.

Ravendex is also one of the very first projects to conceive the idea of crypto borrowing, lending, and staking. It uses AMM protocol to facilitate the trading of digital assets at a decent price set up by the liquidity providers. The team behind the success of Ravendex will leave no stone unturned in a bid to ensure that crypto enthusiasts profit off the Cardano blockchain.

More information:
https://ravendex.io

Social Media links:
Github: https://github.com/Ravendexlabs
Telegram: https://t.me/RaversNest
Twitter: twitter.com/ravendexlabs

Media Contact:
Company Name: Ravendex Labs
Email: hello@ravendex.io

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/110764

Dublin, Ireland, 19 Jan 2022, ZEXPRWIRE, Ravendex team is pleased to announce its strategic collaboration with World Mobile Token to enable it to reserve an Earth Node that will “bring Internet access to remote areas in Africa.”

Come June 2022, World Mobile Token will use blimps, an end-to-end solution, to offer affordable internet services to a wide range of users in Africa. The project is built on the Cardano blockchain and supported by IOHK. 

When its ISPO launches, Ravendex will pass a portion of the rewards to deserving delegators who have their ADA staked on Ravendex stake pool. Ravendex is currently trading on Bitmart and has recorded a trade volume of over a million dollars. By daily volume, Ravendex is one of the most consistent Cardano native tokens on the chart.

The team at Ravendex is also pleased to announce that the project’s NFT minting will start in less than 48 hours from now. Investors and crypto trades alike are encouraged to be part of the Rave NFT minting, as there are lots of exciting rewards for grabs.

Rave NFT Holders will be able to get Exclusive Token drops & NFT Drops and can also Stake Their NFts to get rewards in $RAVE.

Rave Token, the utility token of the Ravendex ecosystem is currently Trading on Bitmart and  

The $RAVE Token

Ravendex has a utility token with the symbol “$RAVE. The token is a governance token which users can use to participate in the governance structure of the project. With $RAVE, users will be rewarded for their efforts, commitment, and loyalty. You can use $RAVE to purchase goods and services on the Ravendex protocol. 

About Ravendex

Ravendex is the world’s first non-custodial decentralised exchange on the Cardano blockchain. At its core, Ravendex permits switch and near instant assets and liquidity transfer between ADA and native Cardano tokens. Ravendex operates using the EUTXO model for the easy sharing of liquidity among different assets in the Cardano ecosystem. 

Ravendex is also one of the very first projects to conceive the idea of crypto borrowing, lending, and staking. It uses AMM protocol to facilitate the trading of digital assets at a decent price set up by the liquidity providers. The team behind the success of Ravendex will leave no stone unturned in a bid to ensure that crypto enthusiasts profit off the Cardano blockchain. 

More information:

https://ravendex.io

Social Media links:

Github: https://github.com/Ravendexlabs

Telegram: https://t.me/RaversNest 

Twitter: twitter.com/ravendexlabs 

Media Contact –

Company Name: Ravendex Labs

Email: hello@ravendex.io

The post Cardano Dex “Ravendex” Reserves An Earth Node With World Mobile Token, Set To Launch Exclusive NFT Drops appeared first on Zex PR Wire.

Cryptocurrency enthusiasts who piled into meme coins such as Dogecoin and Shiba Inu amid the long-time industry rallying call of “to the moon” are finding this year’s journey back to earth pretty painful.

Dogecoin, Shiba Inu and other tokens associated more with online jokes rather than actual software products have been hit harder than sector originals Bitcoin or Ethereum during the recent retreat from the record price levels reached late last year. Doge is off nearly 80% from its all-time high of 74 cents in May, and Shiba has declined more than 65% since hitting its peak of fractions of a penny in late October, according to data compiled by Messari.

Trading volumes have fallen off, now measured in millions instead of billions. And the jokes that once swayed a legion of mostly retail day traders to buy up coins on a whim come with a hint of sadness.

The frenzy started with Doge. A digital token created in 2013 by a pair of software engineers took off as interest in crypto trading spiked and a new crop of retail traders took to social media platforms, using jokes, sarcasm and trolling to gin up their popularity. Tesla Inc. Chief Executive Elon Musk’s embrace of the token helped to send it soaring. Doge’s popularity inspired the creation of new tokens based on the breed of dog, including Shiba Inu, Baby Shiba Inu and Floki, which is named after Musk’s pet.

Amid the ongoing crunch in crypto prices, the memes have become less breezy. One Twitter user under the handle Shibetoshi Nakamoto tweeted a cartoon of a young man in a backwards cap asking at the pearly gates: Did I waste my life by making Dogecoin?

DogeTooCheap tweeted a picture of a grim reaper with the face of a Shiba Inu knocking at doors labeled 17 cents — a level at which the coin has struggled to break above since late December.

This our life right now $Doge #Dogecoin

Stalwarts say Shib coin holders are “on the way to the moon and beyond,” but dedicated chatrooms show that the oft-repeated rally cry appears to have lost some of its power.

January will be the month to determine the growth of #SHIB. I have a very good feeling we’re on the way to the moon and beyond.

On a Shib-dedicated Discord channel a user going by djcau5e wrote: “It’s a complete roll of the dice, while I would love to go to the moon I think a lot of peoples expectation to hit $1 or even .01 is unrealistic in the next few years.” At Shib’s peak, it was $0.0000875.