Bitcoin has been clinging to the 20-day exponential
Bitcoin has been clinging to the 20-day exponential moving average (EMA) ($58,463) for the past two days. This suggests that bears are defending the 20-day EMA but the bulls have not ceded much ground. BTC/USDT daily chart. Source: TradingView The buyers are again attempting to drive the price above the 20-day EMA as of Dec. 1. If they succeed, it will indicate that the selling pressure may be reducing. The BTC/USDT pair could then rise to the 50-day simple moving average (SMA) ($60,828). Thi...
Bitcoin has been clinging to the 20-day exponential
Bitcoin has been clinging to the 20-day exponential moving average (EMA) ($58,463) for the past two days. This suggests that bears are defending the 20-day EMA but the bulls have not ceded much ground. BTC/USDT daily chart. Source: TradingView The buyers are again attempting to drive the price above the 20-day EMA as of Dec. 1. If they succeed, it will indicate that the selling pressure may be reducing. The BTC/USDT pair could then rise to the 50-day simple moving average (SMA) ($60,828). Thi...
Bitcoin (BTC) finished the month of November with
Bitcoin (BTC) finished the month of November with a decline of about 7%. This was in sharp contrast to the prediction of the “worst-case scenario” of $98,000 by PlanB, the creator of the popular stock-to-flow model. Although the analyst described it as a “big miss,” he said he would give the floor model one more month. In its latest “Week on-chain” report, Glassnode analysts said that Bitcoin’s correction in November was the “least severe in 2021.” Analysts now expect Bitcoin to witness a San...
Bitcoin (BTC) finished the month of November with
Bitcoin (BTC) finished the month of November with a decline of about 7%. This was in sharp contrast to the prediction of the “worst-case scenario” of $98,000 by PlanB, the creator of the popular stock-to-flow model. Although the analyst described it as a “big miss,” he said he would give the floor model one more month. In its latest “Week on-chain” report, Glassnode analysts said that Bitcoin’s correction in November was the “least severe in 2021.” Analysts now expect Bitcoin to witness a San...
Animoca Brands unveils plans for K-pop NFT metaverse
And this reasoning makes sense. Both video games and cryptocurrencies feature virtual economies running on a shared set of rules, with a user base that tends to be technically-savvy. In theory, there should be less friction for blockchain’s penetration into the gaming market, but in practice, serious adoption and traction is not yet evident. So what is the promise of blockchain in gaming? Is it the opportunity to trade items? Or are there deeper implications for unlocking value in virtual wor...
Animoca Brands unveils plans for K-pop NFT metaverse
And this reasoning makes sense. Both video games and cryptocurrencies feature virtual economies running on a shared set of rules, with a user base that tends to be technically-savvy. In theory, there should be less friction for blockchain’s penetration into the gaming market, but in practice, serious adoption and traction is not yet evident. So what is the promise of blockchain in gaming? Is it the opportunity to trade items? Or are there deeper implications for unlocking value in virtual wor...
— simpler compared to, say, having to make a MetaMask payment through SuperRare — then more art lovers might get on board.
As a community and movement with a purely digital locus, the crypto art space is an exciting and vibrant source of creativity and self-expression. And as adoption and awareness progress on the financial and technological side, the speculators might do well to make room for the artists. After all, where there’s scarcity, there’s money to be made too. “First Supper” last sold for the Ether equivalent of $13,873.18. Thanks to the 13 artists who gave Cointelegraph Magazine permission to reproduce...
— simpler compared to, say, having to make a MetaMask payment through SuperRare — then more art lovers might get on board.
As a community and movement with a purely digital locus, the crypto art space is an exciting and vibrant source of creativity and self-expression. And as adoption and awareness progress on the financial and technological side, the speculators might do well to make room for the artists. After all, where there’s scarcity, there’s money to be made too. “First Supper” last sold for the Ether equivalent of $13,873.18. Thanks to the 13 artists who gave Cointelegraph Magazine permission to reproduce...
-parties to digitize and automate any real-world financial derivative.
Collaborative art in actionThese high ideals often form the basis of small communities, but what happens when the participants set ideals aside and get down to work? Async Art put that to the test with “First Supper,” a collaborative artwork created by 13 separate artists. The piece is dynamic, evolving as the artists themselves decide to build on, or change, their own contributions.“We, cryptoartists, gather in this place to celebrate a new dawn for collaboration, creativity, and interaction...
-parties to digitize and automate any real-world financial derivative.
Collaborative art in actionThese high ideals often form the basis of small communities, but what happens when the participants set ideals aside and get down to work? Async Art put that to the test with “First Supper,” a collaborative artwork created by 13 separate artists. The piece is dynamic, evolving as the artists themselves decide to build on, or change, their own contributions.“We, cryptoartists, gather in this place to celebrate a new dawn for collaboration, creativity, and interaction...
