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Sahana Kiran

Polkadot [DOT] preps for a trend reversal; Bulls to propel DOT towards $30?

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Drowning in red, the entire crypto market was desperate for a bullish sight. Polkadot [DOT] seemed to be steering in the direction of the bull. The bullish bandwagon was entering the market at the right time as the coin was on the brink of slipping down to $20.

Meanwhile, other crypto-assets were being tested by the bear. Bitcoin [BTC], continued its stay below the $50K zone. During press time, the king coin’s price was noted at $47,137 with a 3% daily drop. Bitcoin’s market cap took a huge hit as $1 trillion was quite far away from its current value, $888.88 billion.

During the pandemic, Polkadot [DOT] emerged as a prominent coin of the crypto-verse. The asset continued its stature despite encountering a few hurdles pertaining to ranking on the way. The entry of new coins sidelined coins that have been existing for quite some time now, however, DOT managed to stay afloat and didn’t slip below the top ten.

At the time of writing, DOT’s market cap was at $1.21 billion while it took over the ninth position.

Moving over to its price, Polkadot was trading for $26.13 with a 7.40% reduction in the last 24-hours.

Polkadot [DOT] one-day price chart on Binance

Polkadot
Polkadot [DOT] preps for a trend reversal; Bulls to propel DOT towards $30? 2

The one-day price chart of Polkadot was noted that the altcoin was gearing up for a change in its trend. The bears had strained the altcoin and the bulls were bringing in better days. The Parabolic SAR indicator laid out a line of support below the price candles. This line would prevent the asset from undergoing any untimely drops. The Awesome Oscillator followed suit by putting forth green closing bars and announcing the presence of the bull.

The Relative Strength Index [RSI] indicator, however, remained still in the sellers’ arena. The RSI marker was found drowning below the 50 median, extremely close to the oversold zone.

Incorrect decimal point forces Bored Ape NFT worth $300,000 to sell for $3,000

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After breaking several records, Justin Sun’s favorite NFT club found itself in a muddle. A Bored Ape Yacht Club seller noted a major loss following the sale of an NFT originally worth $300,000 for only $3,000

The globe has been traversing into the digital verse further giving rise to several platforms that have been making a big difference. The NFT space witnessed drastic growth over the last year. Non-fungible tokens certainly fetched increased adoption into the crypto market.

The Bored Ape Yacht Club [BAYCTron] has been a community favorite. Recently, Justin Sun, the founder of the Tron Foundation broke his own record by purchasing a Joker-inspired artwork by BAYCTron. However, there has been trouble in paradise after the owner of an NFT listed a piece for a much lesser price due to a typing error.

Bored Ape NFT owner’s “fat-finger error”

The crypto-verse isn’t new to fat-finger errors, however, the loss that follows can be devastating. Bored Ape NFT owner, Max who goes by the username maxnaut was the latest victim of the error. Max, who wanted to list his NFT at 75 ETH worth $300,000 accidentally typed 0.75 ETH bringing down the price of the NFT to about $3,000.

Max wasn’t given a chance to invert this mishap as a bot formulated to explore undervalued listings bagged the NFT in a snap.

122074263 e547604f a4b0 4394 b628 50f1ba2e46d1
Incorrect decimal point forces Bored Ape NFT worth $300,000 to sell for $3,000 4

Speaking about the same, Max told CNet that he carries out multiple listings every day and the latest episode was due to a “lapse of concentration.” Max further added,

“I list a lot of items every day and just wasn’t paying attention properly. I instantly saw the error as my finger clicked the mouse but a bot sent a transaction with over 8 eth [$34,000] of gas fees so it was instantly sniped before I could click cancel, and just like that, $250k was gone.”

The seller, Max seemed to be accepting of the situation. The Bored Ape NFT seller pointed the newness of the industry and suggested that “bad things” were bound to happen. Moving on when one has no control over the outcome is what is important, Max noted.

Shiba Inu [SHIB] not a crypto community favorite?

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Even though Bitcoin [BTC] remains the first and largest cryptocurrency, the emergence of several new cryptocurrencies like Shiba Inu [SHIB], certainly boosted the overall growth of the industry.

One category of assets that has been creating an uproar is meme coins. Dogecoin [DOGE] and Shiba Inu [SHIB] are assuredly the stars of the crypto-verse.

Some have been welcoming and accepting these coins with open arms, however, a few others have been rather hostile towards them. While many have just started to discover the crypto market, a few of them have been present from the very start. Crypto pioneers like David Schwartz as well as Charles Hoskinson didn’t seem to be big fans of SHIB and their latest tweets were proof of the same.

Trouble in the crypto-verse?

The chief-technology officer [CTO] at Ripple, David Schwartz did not shy away from expressing his views about Shiba Inu. In a recent tweet, Schwartz decided to take a dig at SHIB’s value. He tweeted,

“Someone stole like a zillion Shiba Inu coins today; losses were estimated at like $1.37.”

The XRP community lauded and laughed at this tweet. But, the Shib Army was angry.

Despite undergoing major fluctuations in its price, the meme coin managed to bag a ton of deals and partnerships. Furthermore, an array of individuals highly profited from SHIB’s price rally. Replying to Schwartz, a Twitter user said,

“Yet at least people who bought $SHIB made profit while $XRP holders have been holding a dead coin for 4 years now.”

At the time of writing, SHIB was trading for $0.00003402 with a price drop of 2.39% in the last 24-hours.

Cardano’s Charles Hoskinson makes fun of BitPay’s SHIB integration

Recently, a prominent crypto payments processor, BitPay announced the integration of SHIB into its system. BitPay decided to set up a poll and leave it to the community to make the choice. Retweeting the BitPay’s original tweet, the founder of the Cardano network, Charles Hoskinson tweeted,

Shiba Inu [SHIB] listing delayed on Bitstamp while Newegg welcomes it with open arms

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The Shiba Inu [SHIB] wave seemed to have spared no one. From crypto exchanges listings to partnerships and deals with prominent firms from all across the globe, the meme coin has had an impeccable journey to the top. Despite its static price, Shiba Inu continued to bag listings and deals. However, its recent listing encountered a slight heckle.

Prominent cryptocurrency exchange, Bitstamp, recently made an announcement revealing the potential listing of the meme coin, Shiba Inu. While the coin was originally presumed to be made available on the platform on Thursday, technical difficulties delayed this listing.

The exchange took to Twitter to announce the news of the delay. The tweet read,

“We experienced some technical problems with $SHIB listing, which will result in a longer delay with the launch.

We’ll keep you posted”

Considered one of the largest crypto exchanges in the European region, Bitstamp’s SHIB listing was considered a major turning point for the meme coin.

Shiba Inu finally accepted by Newegg

After days of teasing, Newegg, America’s prominent online retail firm disclosed that Shiba Inu had finally made it to the platform. Newegg took to Twitter and dropped an array of hints throughout the last few weeks of November.

Rumors about the retail giant accepting the meme coin began surfacing following the below tweet.

Now, in its latest tweet, the platform decided to make things official. Newegg tweeted,

“We’re now accepting $SHIB. Just select @BitPay as your payment when checking out using a PC.”

Adding on to this, BitPay, one of the largest crypto payment firms decided to onboard Shiba Inu into its system.

All of the aforementioned deals and listings were great examples of Shiba Inu’s growth. Yet, with regard to its price, the altcoin was seen lagging behind. At the time of writing, SHIB was trading for $0.0000354 with a 4.03% drop in the last 24-hours. The whole week was rather challenging for the altcoin as it slumped by 20%.

Solana [SOL] succumbs to the crypto carnage by sinking below $200

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Smeared in red, the crypto market witnessed nothing by loss. Solana [SOL], XRP, Polkadot [DOT], and other altcoins had taken a hit. Bitcoin [BTC] wasn’t faring well either as it slipped way below $50K. At the time of writing, BTC was trading for $48K and the asset had a major hindrance to overcome before hitting $1 trillion again.

The meme coins also followed the ongoing sentiment in the market and drowned in the red sea. All the gains, these assets had amassed over the last couple of weeks were going down the drain.

Solana [SOL], has been one of the most promising altcoins this year. From surging all the way over $200 and to climbing the crypto ladder, SOL garnered several fans. However, the asset was enduring a slump similar to the entire crypto market.

During press time, SOL was trading at $177.82 with a 5.28% drop over the last 24-hours. The altcoin had found itself way over $200, but the bears managed to push it back down. Having witnessed a loss of up to 24% throughout the week, another push from the bears could drive Solana down to $150.

Despite, the bearish invasion, Solana managed to stay afloat in terms of ranking and market cap. The altcoin lounged as the fifth-largest cryptocurrency with a market cap of $54 billion.

Solana [SOL] one-hour price chart on Coinbase

SOLUSD 2021 12 10 16 38 02
Solana [SOL] succumbs to the crypto carnage by sinking below $200 6

A possible change in trend could be underway for the altcoin. The short-term price chart of SOL noted a possible increase in volatility. The bands in the Bollinger Bands indicator were slightly apart hinting at the possibility of price fluctuations. The Awesome Oscillator indicator suggests that this could be beneficial for the altcoin as the market was traversing into the bullish arena. The green closing bars laid out by the indicator affirmed this occurrence.

The Relative Strength Index [RSI] indicator noted that Solana was being overtly sold.

Arabian Camels and Swapp Protocol to roll out a first of its kind NFT movie

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The NFT industry is going places. Now, Arabian Camels, a prominent NFT community decided to take things up a notch by prepping for the launch of an NFT movie.

Non-fungible tokens aka NFTs have been bringing in a wide range of individuals into the crypto market. From celebrities to artists all across the globe, the NFT market acted as a great platform for digitized art. Moving on from just art, a few prominent players like Arabian Camels decided to spruce up the movie business with the debut of Antara Movie NFT.

Arabian Camels entered into a partnership with Swapp Protocol for the launch of the movie. The production of this film would be a first of its kind. The partnership further paved the way for NFT Farming utility. This would be considered revolutionary as the movie NFT holders would be gaining immensely even before the release of the movie.

Arabian Camels’s Antara Movie NFT

Antara is not just a $50 million dollar feature film. The film is the first decentralized feature film to entail the abilities of the DeFi space while being produced by NFTs. Based on the life of a famous Arabian knight and poet, Antarah Ibn Shaddad is all set to change the dynamics of the movie business.

Besides, this movie would stand out because of the NFT Farming utility feature. With this, the NFT holders of Antara would be able to acquire about 100% APY prior to the release of the movie. Furthermore, the makers also intend to allow buyers up to 50% of the intellectual property right to the movie.

Speaking about the same, the producer of Antara, Alexander Amaratei, said,

“My vision was to create a system to produce films that normally cost in excess of $50M, completely risk-free. In addition to eliminating funding risks, this system would allow films to be owned by the fans, the NFT owners. This feat would not have been possible without Swapp’s innovative NFT Farming capabilities and blockchain/cryptocurrency knowledge and platforms.”

Terra [LUNA] reaches for the moon while other assets settle in a slump

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The crypto market was in a major slump. Terra [LUNA], however, was steering in a whole different direction. The altcoin was the only asset in the crypto market that harbored the bull, while all the others were dreading the presence of the bear.

Binance Coin [BNB] and XRP noted dainty recovery from the ongoing bearish cycle. But, Terra noted significant growth over the last couple of hours.

At the time of writing, Terra [LUNA] was trading for $74.89 with a 10.45% surge over the last 24-hours. Just four days ago, LUNA hit an all-time high of $77.94. The existing notion in the coin’s market could further push LUNA towards $80.

The ranking of crypto assets witnessed major fluctuations this year. The meme coins took over for some time, while the spot for the third-largest asset was acquired by many. Now, an underdog stepped into the top 10 by overpowering prominent coins like Polkadot [DOT], Dogecoin [DOGE], and even the fan-favorite, Shiba Inu [SHIB].

With a market cap of $28.6 billion, LUNA managed to amass the ninth spot. However, the chances of DOT flipping LUNA were high considering the limited disparity between the two.

Terra [LUNA] one-hour price chart on Binance

Terra
Terra [LUNA] reaches for the moon while other assets settle in a slump 8

Looks like the bears weren’t going to spare any coin. The short-term price chart of LUNA revealed that the bulls were still in its market, however, the bears could attack any time soon. The MACD line remained above the signal line, yet the MACD line was slowly trying to sink below the signal line. Therefore, the MACD indicator could be hinting at a possible bearish crossover in the making.

The Chaikin Money Flow [CMF] exerted a bullish notion. But, the CMF marker was alarmingly close to the zero median.

The Relative Strength Index [RSI] indicator noted a buyers’ market. This could easily be changed as the RSI marker was pointed towards the sellers’ side.

Floki Inu [FLOKI] is a football club favorite; Russian football giant partners with FLOKI

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Meme coins have been amassing the engagement of the entire globe. Floki Inu [FLOKI] seemed to be following the footsteps of its counterpart, Shiba Inu [SHIB], and bagging an array of partnerships. Floki Inu has particularly been garnering the attention of football clubs from across the globe.

The value and popularity of the world’s first and largest cryptocurrency, Bitcoin, quite often sidelined all the other altcoins in the market. However, now, altcoins, specifically meme coins were reaching for the moon. Over the last couple of months, Shiba Inu, Dogecoin as well as Floki Inu displayed to the community that they were no joke. With several partnerships and deals flowing their way, these assets became the talk of the town.

Despite being fairly new, FLOKI managed to bag significant partnerships. After joining forces with India’s most popular football club, Kerala Blasters FC, another football club from Russia extended interest in the meme coin.

Floki Inu continues to score major partnerships

In a recent tweet, the meme coin revealed that it had signed a deal with Russia’s most popular football club, Spartak Moscow. This partnership will reportedly include the major presence of the altcoin in the football club. The FLOKI brand will be featured on the jersey of the football players along with LED panels of the asset around the stadium on every advertising construction.

The tweet further read,

“With 17.81 million supporters in Russia, a combined social media following of 10.4 million+ people, and a massive TV audience for each game, the @fcsm_official partnership will help make #FLOKI a mainstream cryptocurrency in Russia.”

FLOKI seemed to be broadening its horizons by diving into every promising market. Furthermore, the aforementioned partnership is already underway.

Apart from Kerala Blasters FC and Spartak Moscow, FLOKI has partnered with other football clubs like Spanish La Liga side Cádiz.

While partnerships continue to flourish, the meme coin was seen trading for $0.000142, during press time.

Polkadot [DOT] prolongs its struggle to get over $30 following strong bearish winds

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The crypto market was hit by a massive bearish tornado. Polkadot [DOT], Avalanche [AVAX], Shiba Inu [SHIB] were among the assets that endured major losses over the last couple of days. Bitcoin [BTC], decided to rest below the $50K zone. During press time, the king coin was trading for $49,178 with a 5% drop over the last 24-hours. Additionally, BTC was no longer part of the $1 trillion club.

The altcoin market didn’t have much luck either. Most of the coins were plummeting. Ethereum [ETH] was trying hard to retain itself above $4K. XRP, however, had taken a hit as it dived down below $1.

Polkadot [DOT] was quite the star a couple of weeks ago, specifically during the parachain auctions. The altcoin even hit an all-time high of $55. This bullish strain was interrupted as the bears emerged stronger in the altcoin’s market.

At the time of writing, DOT was trading for $28.42 with a 4.33% dip in the last 24-hours. Over the previous seven days, Polkadot witnessed a drop of nearly 24%. This wasn’t surprising as the entire market was undergoing a similar notion.

Furthermore, Polkadot went downhill in terms of ranking. The altcoin’s market cap was noted at $28.1 billion. The asset sat as the ninth-largest cryptocurrency, right above Terra [LUNA].

Polkadot [DOT] one-hour price chart on Binance

Polkadot
Polkadot [DOT] prolongs its struggle to get over $30 following strong bearish winds 10

The short-term price chart of Polkadot was overpowered by the bears. The Parabolic SAR indicator framed dotted lines over the price candles. This line acted as a barricade against any possible upward movement further making the pattern extremely bearish.

The MACD indicator went on to lay out a bearish crossover with the signal line overtaking the MACD line. Consequently, the Relative Strength Index [RSI] stayed below the 50 median further indicating a sellers’ market.

With all these signs bending towards the bears, the chances of DOT crossing $30 would remain bleak for a while.

Shiba Inu continues to sign deals and bag partnerships despite major price drop

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The entire globe is now aware of the prominent meme coin, Shiba Inu [SHIB]. The altcoin’s price action over the course of the last couple of months made sure to pave the way for its increased popularity. The appreciation and admiration for Shiba Inu were certainly on an upward trajectory as endorsements and partnerships continued to flow in despite the altcoin’s current price rut.

The crypto market has been in a slump. Almost every coin in the market was painted in red. Shiba Inu [SHIB], however, took a major hit as it sank to a low of $0.00003602, during press time. SHIB’s market cap followed suit as it was recorded at $19.8 billion. This, in turn, forced the altcoin to acquire the 13th spot.

Despite this setback, Australia’s largest video game developer, PlaySide Studios decided to enter a partnership with Shiba Inu Games. Both these platforms were reportedly coming together to roll out a game dedicated to the “Shiboshi” NFT collection that is expected to hit the market in 2023.

Speaking about the same, the CEO of Playside Studios, Gerry Sakkas noted that the collaboration between the crypto and gaming industry was exciting. He added,

“Emerging technologies continue to gather pace, and this is an ideal opportunity for PlaySide to collaborate in this field, expand our skill base and showcase our development abilities. The scale of the agreement with Shiba Inu Games is also significant and highlights the depth of our capabilities as we continue to grow our business.”

This wasn’t all. Another notable crypto-friendly travel platform, Travala decided to onboard Shiba Inu.

Shiba Inu [SHIB] bags a spot on Travala

Travala has time and again expressed interest in the crypto-verse. From accepting payments in crypto to rolling out a cryptocurrency of its own, Travala seemed to be well inclined towards the industry. Once again proving its love for crypto, the platform decided to welcome Shiba Inu into its system.

In a “token battle” between two prominent meme coins, SHIB and FLOKI, the former made the cut. SHIB emerged as a clear winner with a whopping 3,408,700 votes out of 4,893,600 votes.