FOMO

BREATHE! Convention Charts New Territory with World’s Largest Communal NFT

For Immediate Release June 19, 2023 LAS VEGAS, NV - BREATHE! Convention, a leading event in the emerging tech space, proudly announces a groundbreaking endeavor to set a new Guinness World Record with the creation of the World’s Largest Communal NFT, during its upcoming convention in Las Vegas from September 13 to 15, 2023. At the heart of this year's convention is a monumental collaborative art project spearheaded by tech industry veteran and creative thinker, Aaron Vick. Known for his innovative digital art pieces, Aaron Vick will facilitate the creation

Crypto Chaos

Despite the second-largest bank failure in US history, the Federal Reserve continued its interest rate hike strategy last week. This caused markets to react by pricing in continued monetary tightening, pushing back their expectations of rate decreases to 2024. Some have perceived this move as necessary to combat inflation, even if it comes at the cost of breaking the banking sector. Unfortunately, this sober outlook suggests that the rest of the year may be marked by more sideways action in the markets rather than a steady recovery. Meanwhile, in the

Paribus : Timing is everything

Timing is Everything New York Yankees player, Yogi Berra famously said, “You don’t have to swing hard to hit a home run. If you got the timing, it’ll go.” In all walks of life, the same is true. Timing can be as much of a blessing as a curse. Being too far ahead of the curve can be as harmful as being too late to the party. At present, the crypto market is experiencing a pump that permabears are calling a relief rally while permabulls are calling it the start

The Question of Liquidity

While many people consider valuation to be the most challenging aspect of NFT lending, the real issue is liquidity. When taking an NFT as collateral for a loan it would be a recipe for disaster to think it can be sold easily at all points in the market cycle. During 2021 NFTs experienced a huge uptake in their popularity. Some said this surge in demand was the cause of increased gas fees on the Ethereum network. However, in between the two peaks of this surge, there was a terrifying liquidity

Is Litecoin becoming the hub of FOMO among the older cryptos

When AMCTheatres enabled the option to pay in cryptos, Litecoin registered a decent hike. The reasoning seemed genuine and even additional metrics pointed out that it was probably an organic rise in the short term. However, on further research, it appeared that Litecoin has begun following a pattern. One where it goes up by a significant margin, sits there for a while, and then drops back down, canceling all or most of the growth. An example of the same can be found on the chart itself. For better reference, occurrences

Oly Sport Hits All-Time High of $1.52, up 2,600% Its IDO Price

Not so long after launching its first IDO, Oly Sport was listed on PancakeSwap and attracted a huge cash flow which made $Oly set all-time high of $1.52.Oly Sport is an NFT game that revolves around horse racing which launched its first IDO on BSC Station on November 2nd. After its IGO on GameFi last week (November 6th), Oly Sport surprised investors by listing $Oly on PancakeSwap, a very popular DEX to new blockchain projects.With the huge attraction that had been built up for a long time, in a few

Bitcoin Shoots Past $12,000 While US Dollar Hits 2-Year Low

We’ve been on dollar watch for a couple weeks now, as it loses ground against virtually every asset on the planet. In this graph, we can see that the Dollar Index chart has been declining since late-May, and has now sunk below the near-term support (yellow line) on its third attempt. The Dollar Index, however, only really shows the U.S. dollar’s place within the currency markets. In fact, the purchasing power of all fiat currencies has been falling steadily for many years, a process that has been vastly accelerated by

Institutional FOMO? CME Bitcoin Futures Open Interest Soars to $841M

Today the open interest on Chicago Mercantile Exchange Bitcoin (BTC) futures reached a new all-time high at $841 million. Although this can't be deemed bullish on a standalone basis, it does signal that professional investors' interest in Bitcoin continues to grow at an immense rate. Further proof of this comes as MicroStrategy, a Nasdaq-listed company worth more than $1.2 billion, announced the acquisition of 21,000 Bitcoin for $250M. This shows that regardless of what critics have said about cryptocurrencies, savvy investors and entrepreneurs have recently built sizable positions in Bitcoin and some altcoins.CME

Ampleforth Down 66% — Welcome to Rebasing

The elastic supply token Ampleforth (AMPL) has lost two-thirds of its market cap in a matter of days. The atypical characteristics of the token attracted many investors that jumped in. After a dramatic surge in price and market cap, the tables have turned and Ampleforth has entered a corrective phase. The token is understood by many as just an experiment, and it may impact the way future tokens are created. AMPL: The Ultimate Digital Money? Ampleforth is not your typical cryptocurrency. It’s quite a complex token with some revolutionary ideas,

The Price of Bitcoin Is Facing Its Final Resistance Zone Before $15K

The price of Bitcoin (BTC) is facing its final resistance zone until the bull market is on fire. However, will it break through this resistance zone in one attempt? The charts suggest that the $11,600-12,000 area is a crucial level to break if the price of BTC is to continue moving higher. As the price of Bitcoin couldn’t break through that resistance zone, a slight drop occurred on Friday from $11,900 to $11,350, after which BTC has managed to pare most of the losses since.Crypto market daily performance. Source: Coin360Bitcoin faces