Latest Market News
The rise of metaverses. Non-fungible tokens (NFTs) and virtual real estate have made the news cycle as many celebrities and billionaires are now spending millions in hopes of getting in early on this fledgling sector. Recently, Dallas Mavericks owner Mark Cuban announced that he is teaming up with Vietnamese gaming start-up Sky Mavis to help them grow their super popular blockchain game, Axie Infinity. The latter is only one of many virtual worlds that offer money-making opportunities, which along with its competition, is gaining traction at an incredible pace.
MicroStrategy might still not be done with buying Bitcoin, according to a new filing the company submitted with the U.S. SEC. In the filing, MicroStrategy says that it could sell up to $1 billion of its Class A common stock over time to fund “general corporate purposes”, which the company says could include buying Bitcoin.
The Coinbase Pro cryptocurrency exchange is listing DOT, the native asset of Polkadot. Polkadot is a Proof-of-Stake blockchain platform that supports parachains, which are customized blockchains that connect to the main Polkadot Relay Chain for security and interoperability benefits.
Ethereum is up by a total of 5.5% over the past 24 hours of trading as it breaks back above $2,600 today. The cryptocurrency has been trading inside a symmetrical triangle pattern since the mid-May market capitulation and recently found support at the lower boundary of the triangle.
Tesla and SpaceX CEO Elon Musk has made waves in the crypto community again after he responded to a critic who accused him of price manipulation.
Bitcoin has started to see some optimism today after surging by over 11% and setting a new high for June above $39,800. The cryptocurrency saw an interesting trading week after rebounding from support at $33,200 (long term .886 Fib Retracement) and surging into resistance around $37,000.
Today, we released the top altcoins to watch for the week. These included Kusama (KSM), Metal (MTL), and Rari Governance Token (RGT).
As we move towards the end of Q2, a number of projects are moving ahead with continued development, and this week’s choices are set to benefit from significant updates and announcements that should strengthen their market positions and benefit their communities. The news should also result in increased amounts of attention to each respective currency over the coming weeks.
Meme tokens are cryptocurrencies based on memes – humorous viral content that depicts life-related situations in a comic fashion. Among such tokens are Dogecoin, Shiba Inu, YooShi, the NCAT Token, FROGE, SAFEMOON and many others. They are legion and each coin has its own private army of loyal fans, often led by truly unique individuals. What are the factors that are giving these cryptocurrencies the power to conquer millions of hearts overnight?
Cryptocurrency exchange Binance is among the players that are making their entrance into the NFT space, announcing the Binance NFT marketplace in May. Now, the exchange has also revealed an on-chain platform for NFTs called Featured by Binance.
