JERITEX is pleased to announce the launch of Metaverse NFT Marketplace with completely new features, the First NFT-Centric Blockchain For builders by builders and gain early access to the Metaverse.
JERITEX’s Metaverse NFT Marketplace is established as a digital space allowing us to explore our senses of sound, sight and touch, as well as merge with digital objects in the physical world and create utterly mesmerizing 3D. For the contribution of the great success of Metaverse NFT Marketplace development, JERITEX has made several concepts for the metaverse NFT and building an exceptional digital universe. The NFTs or digital asset frenzy, are improving the digital goods market and platforms that provide augmented and virtual reality and this leads to the formation of more enveloping VR experiences.
The crucial features of JERITEX’s Metaverse NFT Marketplace include rarity, decentralization, 3D displays, tokenization, NFT storage, two-factor authentication, peer-to-peer (P2P) interaction, interoperability, multi-layer security, NFT wallet integration, social relationship and interactive experience. And these are shown more clearly through the benefits of JERITEX’s Metaverse NFT Marketplace with outstanding advantages. It’s the effective trading experience, product experience, smart contact audited and pre-tested.
JERITEX’s Metaverse NFT Marketplace it’s not like other NFTs platforms, it’s free and safe to use. You can also start Buying and Listing Your NFTs quickly, we give you the opportunity to trade and collect rare NFTs. We easily help all the people to reach your NFTart. In JERITEX’s Metaverse NFT Marketplace, you will find new possibilities with powerful and innovative ideas.
With the aim of building a new NFT community where everyone can pursue their passion in sports and entertainment, JERITEX is pleased to present the WC22 Mystery Ball NFTs collection & the hot Airdrop Campaign of Metaverz Sport and Entertainment! This is the first collectible as well as the first Offer Sale of “WC22 Qatar NFT Mystery Boxes” on Metaverse NFT Marketplace for showing gratitude to JERITEX’s loyal and new users, with price of each NFT ball only $5~10 USDT plus the Total Prize Pool up to $4,000,000.00 USDT to Lucky Winners.
Metaverz Sport and Entertainment is a marketing services provider for sports, esports, entertainment industry, as well as for web 3 games; Offering rights management, partnerships and sponsorships, broadcast media, digital media, star engagement, and tour promotion for sports; Providing fan engagement programs for sports, esports and entertainment events, leveraging traditional media platforms, on-site activations and new technological tools.
Metaverz Sport and Entertainment has used Leverage Technology, applying blockchain technology to enhance engagement with sports & entertainment fans and believes in the power of fans as the key success factor in sport and entertainment. In additions Metaverz Sport and Entertainment has also announced Roadmap, Vision and Strategic Priorities in the future to ensure compliance, and prioritize doing good for the community as well as connect brands to opportunities in sport, entertainment, esport, metaverse.
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⤵️JERITEX Communities
?Telegram: t.me/jeritex – t.me/jeritexgroup
?Twitter: twitter.com/jeritex
?Facebook: www.facebook.com/Jeritex/
?Youtube: www.youtube.com/c/Jeritex
? Website: jeritexeu.com
⤵️ Metaverzsport Communities
?Telegram: t.me/metaverzsport
?Twitter: twitter.com/metaverzsport
?Facebook: www.facebook.com/metaverzsport
?Youtube: www.youtube.com/channel/UCXiUUbpeyovFjjvaNfW87BQ
? Website: metaverzsport.com
JERITEX EXCHANGE – a potential new global digital asset trading platform is very pleased to participate the Crypto Expo Asia 2022 at Raffles City Convention Centre, Singapore on 22 – 23 Jun 2022.
The event took place at the Fairmont Hotel, Singapore with the theme “the Future of Digital Currency” and was attended by thousands of blockchain enthusiasts from all over Asia. The event gathered significant attention and participation from trading exchanges, investors and crypto traders; the public and mass media.
Cryptocurrencies are a promising area of technology that is revolutionizing many sectors of the global economy. Given the nature of this technology, CEA2022 seeks to spread awareness about the benefits that cryptocurrencies have to offer the global community.
The introduction and marketing activities of JERITEX TEAM at The Crypto Expo Asia 2022 (Singapore) on June 22, 2022 went well and smoothly. CEA2022 act as a bridge between JERITEX and the users, addressing day-to-day questions and concerns and providing all-around support for the most passionate crypto community in the world.
JERITEX’s CEO sent a warm message to community “We appreciate your supporting us and being a part of CEA2022 in our vision is a big step to develop and expand the JERITEX PLATFORM and other features in future,” Johnson Qiu says.
The event brought together prominent members of the Asia leading crypto leaders, finance, and technology community to network with investors, entrepreneurs, and other industry experts.
? Staking and Trading with JERITEX!
?https://exchange.jeritexeu.com/#/trade/spot/JRIT_USDT
?https://exchange.jeritexeu.com/#/finance
✅ JERITEX Social Community:
1️⃣Telegram: https://t.me/jeritex
2️⃣Telegram: https://t.me/jeritexasia
3️⃣Telegram: https://t.me/jeritexgroup
4️⃣Twitter: https://twitter.com/jeritex
5️⃣Facebook: https://www.facebook.com/Jeritex/
6️⃣Reddit: https://www.reddit.com/r/JeritEX/
7️⃣GitHub: https://github.com/jeritex-labs/
8️⃣Medium: https://jeritexexchange.medium.com/
9️⃣YouTube: https://www.youtube.com/c/Jeritex#crypto #singapore #cryptoexpoasia #CEA2022 #Event #JRIT #JERITEX
On the afternoon of 12 June 2022, Weifeng Technology Corporation announced $2 million investment in Malaysia’s billion-dollar game startup Sunflower Blossom Metaverse, officially expanding into the Metaverse market to promote its global market development strategy.
The $2 million infusion of fund will be used to help build virtual spaces designed to give users a place in the metaverse where they can travel, socialize and be entertained.
Sunflower Blossom Metaverse, best known at the moment for its series of virtual tour games combined with a tour service on the user’s demand and has received previous multi-million-dollar investment from Sony Corporation and KIRKBI, Lego’s parent company.
The initial $2 million investment by Weifeng Technology Corporation was originally announced a few days ago. That infusion was designed to help Sunflower project “shape the future of the metaverse virtual travel to make it safe and fun for users.”
In “Sunflower Blossom Meta-Universe” , individuals will have a complete identity, social relations and resources to carry out social activity as in the real world. Users on Sunflower Blossom Planet can create a unique identity, receive NFT cards, develop the community residents, citizens can play in the metaverse, go travel online, enjoy the natural landscapes, flowers and plants of Sunflower planet, go shopping, trading, finance, socializing, and together to build the “Sunflower Blossom Metaverse” of the grass and wood and rural, city-state streetscape.
With this new investment to Sunflower Blossom Metaverse Gaming, Weifeng Technology Corporation officially joins the ranks of unicorn companies in Malaysia. Weifeng Technology did not disclose the details of the capital contribution but said that through pouring capital into Sunflower Blossom Metaverse project to expand its scope and aim to become a global investor, especially focusing on the Metaverse traveling field.
Trading on https://jeritexeu.com/
Crypto Expo Asia 2022 is the largest event in Asia for Investors and Crypto industry leaders to network and explore more business opportunities in the crypto space with the opportunity to meet the right crypto companies to invest and trade.
Joining for the event to explore smart and secure investment opportunities by providing market-leading content and updates for the crypto and blockchain industry.
Gaining insight into the key facts that shape the crypto industry as the market continues to expand, network with experts and investors, update on the latest trends in crypto, and become the top leader in the crypto market at this event.
Providing market’s leading content & updates on Crypto and Blockchain industry that will help you explore the investment opportunities available as smartly and securely.
With a business plan built in 2022, JERITEX EXCHANGE will continue to expand as the market continue to scale up, network with experts & investors, be updated on latest trends in crypto and meet the top leaders of Crypto market. JERITEX TEAM is pleased to join the Crypto Expo Asia 2022 – A Premier Cryptocurrency Event in Asia.
Time: 22 – 23 June 2022
Location: Fairmont Hotel, Raffles City Convention Centre, Singapore
Register: www.cryptoexpoasia.comSpeakers include:
Lennix Lai, Director, OKX
Lucaz Lee, Founder & CEO, Affyn
Darrel Wijaya, CTO & Co-founder, Creo Engine
Igneus Terrenus, Head of Communications, Bybit
Anndy Lian, Chairman, BigONE Exchange
James Toh, Business Development Director, Coinstore
Kelvin Yeung, Founder & CEO, HKD.COM
The event content:
Expo: Top Crypto brands exhibiting their products and services to thousands of investors and traders.
Conference: Top Industry leaders delivering meaningful insights and latest crypto related information to crypto traders, investors and businesses.
Awards: Witness Top Crypto companies being awarded in a prestigious Award ceremony.
JERITEX has announced a comprehensive 2022 Business Plan that includes, inter alia, the much-awaited launch of JERITEX Mobile Trading App in April, the participation by JERITEX in the coming European Blockchain Convention in Barcelona in June, launch of NFT Metaverse Marketplace in Quarter 4/2022, as well as a series of Airdrop programs throughout 2022 to incentivize investors who trade on the JERITEX Exchange.
The new JERITEX Mobile Trading App operates on both IOS and Android operating systems. It has 2FA feature and other security measures, sleek user-interface and operates on intelligent mobile platform. The app provides investors with full 360 experience, from advanced order types and detailed charting, to complex options and a multitude of sophisticated trading tools for viewing portfolios and making basic trades. The JERITEX Mobile Trading App provides busy investors with a fast, secure, reliable, and user-friendly tool to make trades on the go. With the new app, investors can instantly respond to and take advantage of market conditions whenever and wherever they are.
Picture: The new JERITEX mobile trading app
Johnson Qiu, CEO of JERITEX Asia Pacific, commented:
“The Blockchain technology has developed beyond cryptocurrencies, with exciting innovations in Smart Contracts, NFTs and Metaverse. At JERITEX, we believe that a long-term approach to developing the Community is key to success in fostering a healthy ecosystem, while providing the Community with secure and useful tools to trade is the ultimate way of connecting and engaging with the Community.”
The European Blockchain Convention 2022 is the most influential Blockchain Event in Europe. It will be taken place from 26-28 June at 5-star hotel Hyatt Regency Barcelona. The event expects to welcome more than 1,000 delegates, and will feature more than 100 speakers across a variety of panels, keynotes, and workshops on Blockchain, DeFi, NFTs, and Web 3.
JERITEX is pleased to announce its participation in this world-class event.
About JERITEX
JERITEX is an ecosystem for trading, investments and NFT payment gateway via E-commerce, providing a suite of products, services and innovations to support the Community. JERITEX operates a fast, secure and cost-effective global digital asset trading platform exchange that combines CEX and DEX.
Source: JERITEX Inc.
Honduran special economic zone adopts JRIT as legal tender to help develop state-of-the-art infrastructure for the future banking system of Tegucigalpa economic zone in Honduras in future.
Tegucigalpa – A special economic zone on a tourist-centric island on Honduras’ Caribbean coast has adopted JRIT and other cryptocurrencies as legal tender, officials of the zone said on Thursday. Tegucigalpa’s adoption of the cryptocurrency opens the path for the country to tap into decentralized financial JRIT products, as well as access to the other cryptocurrencies and alternative sources of global investments.
“Honduras Prospera” the special zone was established in 2020 to help encourage investment, and has administrative, fiscal and budgetary autonomy. “Prospera’s flexible regulatory framework enables crypto-innovation and the use of JRIT by residents, businesses, and governments,” Honduras Prospera said in a statement.
The genesis event in Tegucigalpa has engaged JERITEX as well as developers across the globe to build on a technology platform provided by industry leaders and to generate novel banking applications that will enable JERITEX and developers to offer JRIT banking and financial services to all Hondurans.
The economic zone will also let municipalities, local governments, international firms and developers as well as JERITEX issue JRIT bonds and other cryptocurrencies from the area’s jurisdiction.
Honduras Prospera covers parts of the picturesque Roatan island as well as the city of La Ceiba on Honduras’ Atlantic Coast. Neighboring country El Salvador adopted Bitcoin as legal tender in September, and became the first country in the world to do so.
Honduran special economic zone adopts JRIT as legal tender to help develop state-of-the-art infrastructure for the future banking system of Tegucigalpa economic zone in Honduras in future.
Tegucigalpa – A special economic zone on a tourist-centric island on Honduras’ Caribbean coast has adopted JRIT and other cryptocurrencies as legal tender, officials of the zone said on Thursday. Tegucigalpa’s adoption of the cryptocurrency opens the path for the country to tap into decentralized financial JRIT products, as well as access to the other cryptocurrencies and alternative sources of global investments.
“Honduras Prospera” the special zone was established in 2020 to help encourage investment, and has administrative, fiscal and budgetary autonomy. “Prospera’s flexible regulatory framework enables crypto-innovation and the use of JRIT by residents, businesses, and governments,” Honduras Prospera said in a statement.
The genesis event in Tegucigalpa has engaged JERITEX as well as developers across the globe to build on a technology platform provided by industry leaders and to generate novel banking applications that will enable JERITEX and developers to offer JRIT banking and financial services to all Hondurans.
The economic zone will also let municipalities, local governments, international firms and developers as well as JERITEX issue JRIT bonds and other cryptocurrencies from the area’s jurisdiction.
Honduras Prospera covers parts of the picturesque Roatan island as well as the city of La Ceiba on Honduras’ Atlantic Coast. Neighboring country El Salvador adopted Bitcoin as legal tender in September, and became the first country in the world to do so.
JERITEX Trading Application will enhance your trading experience, helping you to make accurate and informed trade decisions with a few advantages about the Features, Ease of use, Concise, Reliability, Cost, Security and Customer support 24/7.
Beside the upgrade 2FA feature and the other security information, JERITEX Trading Application offers a sleek user face and an intelligent mobile platform. It aims to bring you the full 360 experience, from advanced order types and detailed charting, to complex options and a multitude of sophisticated trading tools for viewing portfolios and making basic trades.
JERITEX Trading Application Review:Features – JERITEX Trading Application that provides you with all the essential information with market updates, charts, trends, news updates, plus the usual stock price tickers.
Ease of Use – You can be able to identify and apply key information swiftly with JERITEX Trading Application. Every second counts when you’re an intraday trader, so make sure the app is easy to navigate.
Concise – JERITEX Trading Application provides you with enough information to lead you towards the correct trade, but without bombarding you with so much information you’re pressured into making impulsive decisions.
Reliability – JERITEX Trading Application makes sure it’s efficient, reliable and kept up to date without the app crashing when you’re about to enter or exit a position.
Cost – JERITEX offers free Trading Application with lightning-fast execution speeds and invaluable customer support 24/7.
Security – Having millions of users and processing million Orders daily, JERITEX Trading Application has combined with the security firms for tested the security information before launching for giving users the most reliable trading application.
A key partnership has been forged between El Salvador and JERITEX exchange to implement blockchain technologies. The rollout will take place right across the services industry with the Proof-of-Stake (PoS) blockchain using for point-of-sale credit issuance systems, and smart contract financing platforms in varying capacities and JERITEX will also build its systems as a layer one solution in a continuation of its work to deliver FutureFi.
In particular the partnership emerged following talks between its founder JERITEX and El Salvador about the creation of a national stablecoin – the colon dollar. JERITEX came out on top in racing to show ability could be the one to bring the colon dollar to fruition.
Approaching national governments seems to have become a major strategy for JERITEX, along with ambition to deliver a tokenized digital currency to El Salvador. El Salvador is paving the way for other countries to make the promise of blockchain a reality. With an infrastructure system now in place, the blockchain technology adoption is truly underway in El Salvador.
JERITEX is honored to be working with the government to enable Salvadorians to access a global digital economy and the potential for a more prosperous future. To make this possible, JERITEX needed technology that was robust enough to handle the needs of an entire nation. And JERITEX – a global digital asset trading platform that meets the rigorous requirements for its speed, security and stability.
1.THE POTENTIAL TRADING EXCHANGE WITH GREAT COMMUNITY
JERITEX is a potential new global digital asset trading platform that will combine CEX and DEX with the purpose of bringing to traders good exchange, great service, cheap trading fee, fast and safety. JERITEX is concentrating on developing apps, a new blockchain platform, smart contract 2.0 and Metaverse NFTs.
JERITEX currently has over 500,000 registered users and has been growing to become a best community with many investors and traders which promote the new tokens and coins. JERITEX already published our application in NFT payment gateway via E-commerce built tokens based on BSC platform and having many partners built the same platform on Game NFT, Metaverse NFT, DEX, E-learning, etc.
To encourage the liveliness of the community, JERITEX always aims to partner with project teams which are able to bring more active users as TigerPro, Jerry Education, Metaland, Sunflower, etc. … In addition, JERITEX was specifically built with the aim and features to make new projects successful. JERITEX has a series of features and a lower Listing fee, especially support IEO, IDO, listing and Flash sale projects which would be a perfect match for new projects like Defi NFTs, Metaverse, DefiGame, Megaverse.
2.STAKING WITH HIGH APY
Together with the comeback of highly APY staking on JERITEX marks a new step with zero barriers, stable returns and charging no fee on any staking operations. Users can receive staking rewards all while just being a regular JERITEX user with the high APY up to 40%. This means more freedom & accessibility into staking participation for all chains, without giving up full liquidity for all users.
Users will earn staking rewards without needing to set up nodes, worry about minimum staking amounts, time lengths, or any catches. Just keep a balance in your JERITEX account and earn! We believe that users should earn the full amount of rewards on their deposits. We will work to maximize the amount earned via staking while maintaining industry-leading security.
3.THE LAUNCH OF JERITEX TRADING APPLICATION
In addition, the most awaiting news about updating features in this April is the launch of JERITEX Trading Application on the Android and IOS platform. Beside the upgrade 2FA feature and updating the other security information, JERITEX firmly believes that a long-term approach to develop community is the key to successfully fostering a healthy ecosystem and providing the community the useful tools to trade is the easiest way to connecting to the team and community. JERITEX Trading Application has been born as an inevitability of development.
In fact, JERITEX Trading Application offers a sleek user face and an intelligent mobile platform. It aims to bring you the full 360 experience, from advanced order types and detailed charting, to complex options and a multitude of sophisticated trading tools for viewing portfolios and making basic trades. JERITEX Trading Application will enhance your trading experience, helping you to make accurate and informed trade decisions with a few advantages about the Features, Ease of use, Concise, Reliability, Cost, Security and Customer support 24/7.
4.THE LAUNCH OF JERITEX METAVERSE NFT MARKETPLACE
And ultimately, another new trail in the crypto domain and also getting attention from crypto enthusiasts, JERITEX Metaverse NFT MarketPlace will be launched soon in Quarter 4-2022. Without a doubt, cryptocurrency is the way toward a bright future and Metaverse NFT is currently in its beginning, it has the ultimate potential and capacity to motivate the lives of humans. In fact, Metaverse is like a digital space where almost everything we can imagine exists. Ultimately, we are constantly connected to the metaverse, allowing us to explore our senses of sound, sight and touch, as well as merge with digital objects in the physical world and create utterly mesmerizing 3D enables it to enter the atmosphere.
For the contribution of the great success of Metaverse NFT Marketplace development, JERITEX has made several concepts for the metaverse NFT and building an exceptional digital universe. The NFTs or digital asset frenzy, are improving the digital goods market and platforms that provide augmented and virtual reality and this leads to the formation of more enveloping VR experiences. With the high – skilled and hold many years of experience employees of JERITEX, the Metaverse NFT Marketplace will be accomplished by the most talented ones.
To buy property in the virtual world of METALAND, you need to sign up an account with a metaverse platform. All you need to transact in the metaverse is a well-funded digital wallet. Here is some trending about the real estate buying in METALAND.
Metaverse in METALAND is a step towards the digitalization of the real world through a combination of augmented reality (AR), virtual reality (VR), and video. The virtual universe in METALAND allows users to work, play and stay connected with friends in the virtual world through their digital avatars. From holding a conference to taking a trip around the virtual world, there are plenty of things to do in the metaverse world.
In this 3D virtual world in METALAND, users can create, explore, interact and buy and sell property. METALAND only contains 100,000 land blocks, each roughly 50x50ft. As such, investors are already speculating about the potential value of these parcels.
With the help of the almost complete ecosystem offered by METALAND, you can buy, rent, flip, or even sell properties in the digital world and ownership is through non-fungible tokens.
Brands are also starting to explore options in digital real estate in METALAND. Samsung is going to open a virtual flagship store in this year. Walmart is also intended to be entering the metaverse with its own collections of NFTs and potential currency. With virtual HQs and stores already being built, a new market has been created for brokering deals in METALAND.
But what seems to be catching investors’ fancy is real estate in METALAND. The number of property deals in the metaverse has been making headlines with record million-dollar transactions reported.
Sign up with a metaverse platform and connect a well-funded digital wallet to transact in the metaverse and you can convert your dollars to cryptocurrencies like USDT or MTL (Metaland) and store them in your digital wallet. That’s all the thing you need to start.
Real estate can forever be revolutionized, thanks to decentralized technologies. As METALAND grows – so does digital real estate.Since 2020, millions of people have also worked, played and socialized in METALAND as an online second world. The idea of a virtual metaverse in METALAND where people interact is not a new one.Currently, METALAND is arguably the most popular modern metaverse, encouraging a global network of users to buy and sell digital real estate, explore, interact, and play games. The METALAND Fund was born in 2020, and the project’s initial token offering (IEO) in 2022 has raised around $21 million to date. While METALAND is expanding and has a lot to do, the platform has attracted a lot of attention to the lucrative and ever-growing digital real estate industry.Metaverse monetization is shaking up the real estate industry. It is increasingly clear that commercial real estate in the metaverse in METALAND will play an important role in the global real estate industry in the coming years. In the fall of 2020, METALAND raised a 50% stake in the digital real estate portfolio owned by Seas Young Corporation, which plans to market services for digital real estate and list public in 2022.The popularity of buying and selling digital properties in METALAND is, in large part, on the same type of tasks associated with buying, selling and marketing as a traditional real estate company. As prices rise and buyers seem crazy about virtual land while some will be cautious about investing in digital real estate.However, despite the high prices, interest in super-reverse real estate in METALAND continues to grow, especially as the coronavirus pandemic has pushed more people online and made them more inclined to merge with the rest of the world. society. The diverse real estate interests in METALAND also have competition, namely celebrities who have not been shy about promoting their digital real estate activity in METALAND.Mark Zuckerberg may claim the Metaverse is the future – but in METALAND’s eyes, the future has already begun.
Can the luxury travel experience possibly get any better? With Sunflower Blossom Metaverse, it can, and it will. When most people think of the metaverse, they probably imagine a group of teenagers playing video games while immersed in a virtual 3D world. But what if the Sunflower Blossom Metaverse could also be used to change how we travel? In this post, we’ll explore how the metaverse in Sunflower Blossom Metaverse is helping to create more immersive luxury travel experiences, and how these experiences will likely evolve in the not-so-distant future.
What is the metaverse?
Simply put, the metaverse is an umbrella term that describes any enduring virtual reality (VR) world you can navigate freely with other people to play, work, interact and do pretty much anything you want. The term was first used by Neal Stephenson in his 1992 novel Snow Crash, and was popularized more recently by Mark Zukerberg’s announcement in 2021 that Facebook would rebrand as Meta to become a metaverse platform. Other big tech companies like Microsoft, Nvidia, and Google quickly followed suit and now the metaverse is “a thing.”
The metaverse in Sunflower Blossom Metaverse will be the place where we’ll travel around the world, visit the most beautiful flower gardens around the world, meet with friends, where we’ll share stories, and create new ones. It’ll also be a place where we’ll come closer than ever before to our favorite celebrities, influencers, and brands, including those in the luxury travel industry.
Luxury travel destinations to see the most beautiful gardens around the world already immersed in the metaverse in Sunflower Blossom MetaverseThis post isn’t just about what the metaverse will bring to the luxury traveler in the future; it’s also about how it’s impacting travel right now. Luxury travel destinations have been experimenting with the metaverse in Sunflower Blossom Metaverse for some time now. Gardens like Kanazawa in Japan, Lisse in Netherlands, Pattaya in Thailand,… have called Second Life their virtual home.
Luxury travel destinations are among the first to bet on the metaverse as the future of customer engagement in the travel industry. While they used the space mostly as a new form of digital marketing, they’ve made it clear that this is only the beginning. One thing is for sure, with big brands these already adopting the metaverse in Sunflower Blossom Metaverse , more are sure to follow.
Ways the metaverse in Sunflower Blossom Metaverse will improve luxury travel#1 – It will provide an authentic and immersive cultural experience that will help us choose our destinations more wiselyThe most obvious benefit the metaverse in Sunflower Blossom Metaverse offers for travel is the possibility of experiencing any destination in the world without actually leaving your couch. Immersive VR experiences are the closest we will have to the real thing and that opens the possibility of really exploring a destination to our heart’s desire and to decide what we really want to do once we get there.
There’ll be no need to look at lists of nearby gardens or attractions and what they offer because you’ll be able to simply walk around and see them for yourself. User reviews and ratings will probably be integrated into the metaverse in Sunflower Blossom Metaverse so by just walking around and looking at the different gardens, destinations you find along the way, you’ll be able to check reviews of the ones that really catch your eye.
#2 – It will be the next evolution research of luxury transportation and accommodation to travel to the most beautiful gardens around the worldHow many times have you thought about flying First Class but held back simply because you were not sure if the experience was worth the price? That will be a thing of the past thanks to the metaverse in Sunflower Blossom Metaverse. Airlines will have realistic-looking virtual 3D models of each cabin where you’ll be able to move around and see for yourself what it would be like to travel like a VIP in this or that airline.
When it comes to accommodations, the metaverse in Sunflower Blossom Metaverse becomes even more powerful. You’ll be able to take a VR tour of each hotel and see the rooms first-hand. No more disappointing views from the balcony or smaller than expected beds. Luxury hotels will make sure that everything in the metaverse looks and feels just like the real thing so you’ll always know exactly what you’re paying for when you make a reservation.
#3 – Enhanced concierge services for luxury travelers
Luxury travel is all about great service and no service makes a trip memorable like having your own concierge. A concierge is someone who helps you find and book unique experiences, visit the most beautiful flowers garden, and more.
This type of service is usually delivered via phone or chat, but in the metaverse, you’ll be able to meet your concierge and see them as an avatar just like you. This enhanced interaction will open up new possibilities and different ways in which a concierge can help you and make your trip unforgettable.
#4 – Exclusive beta releases to test new concepts in luxury travel
The metaverse in Sunflower Blossom Metaverse offers destination large and small a platform where they can test out new concepts and ideas that can go from developing new and exciting projects to launching new products or services. Something as simple as redecorating a hotel room can become a new opportunity for brands to connect with their audience while obtaining valuable feedback at the same time.
This means that metaverse users who travel frequently and are loyal to a certain brand could get exclusive early access to virtual versions of new concepts in travel. By participating and offering insightful feedback, they could even get free passes for the real service or get early access to the real product once it’s actually rolled out in the real world. This type of preferential VIP treatment is exactly what luxury travel is all about.
The bottom line
As the metaverse evolves, so will the way luxury travelers experience the world. Avatar-based travel agents will be able to provide customized, real-time recommendations for top destinations and experiences. From personalized, avatar-based concierge services, beta releases for new luxury destinations, and more immersive virtual brand experiences, it will be a whole new ballgame when it comes to what traveling means for those who can afford it. And in a virtual world where your every desire can be catered to, there’s no telling what new and exciting possibilities may lie ahead for luxury travel.
Who doesn’t love to travel? During the holidays, traveling is one of the most popular activities that millennials choose to spend their days off. Virtual Metaverse Traveling in Sunflower Blossom Metaverse is surely the most amazing experience that can boost our happiness.
Strolling around a new city, meeting new people, going on a new adventure, those are things that have made traveling a go-to activity for us. Especially in the time when the Covid19 pandemic is still going on this time, besides the time, moving is becoming a practical barrier that directly affects tourism. No worries, it isn’t anymore with the help of technology in Sunflower Blossom Metaverse world.
Virtual Metaverse Traveling Technology in Sunflower luckily has allowed us to experience travel without having to be there physically, and what makes the experience different between being there in person and seeing them on video is the first-person experience. In Sunflower Blossom Metaverse, this is where the metaverse, Augmented Reality (AR) and Virtual Reality (VR), come into the picture.
In Sunflower Blossom Metaverse, an immersive world with realistic content will enhance the audience’s imagination and allow them to enjoy the location through an amazing first-person experience which is like being there in the first place.
VR tourism in Sunflower Blossom Metaverse is a new frontier that is gradually being accepted into the mainstream. YouTube and other major content hosting services are growing their repositories of 360° video content. However, unlike conventional travel which is typically associated with freedom, current video content only allows you to view what has been recorded for you to see.
Another use case of bringing tourism into virtual reality in Sunflower Blossom Metaverse is showcasing famous landmarks like the Louvre. This was done by turning the building into a usable space for different activities such as for art exhibitions, music concerts, or simply a place where you can hang out with your friends.
Another world inspired by the Musée du Louvre in Sunflower Blossom Metaverse we have 2 worlds which are re-creations of ancient Greek landmarks. In reality, these landmarks are ruins and a shadow of their former glory.
A world inspired by the Musée du Louvre
Through detailed investigation of historical records which you could find in Sunflower Blossom Metaverse, these worlds have painstakingly re-created the Ancient Athens Agora and the Ancient Athens Acropolis complete with historical notes to enlighten you on your self-guided tour. Should you wish to view the monument from the right while your companion wishes to view the same monument from the left, both parties can move as they wish just as in reality.
A historical recreation of the Ancient Athens Agora
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Investor briefing on transparency in digital asset investments, strategy to strengthen product portfolio competitiveness to be announced.
Gbrick Foundation and Gbrick (Chairman Hyejin Lee), a specialized group of blockchain technology companies, announced that they will participate in the 2023 Blockchain Marvels Bangkok Conference (World Web 3.0 NFT META MARVELS BANGKOK) on October 19-21 and deliver a keynote presentation on “Investment Platform Operation Strategy in the Era of Liquidity Crisis of Digital Assets”.
This is the second East Asian blockchain business conference organized by Korea CIO Summit (KCS) for CEOs and business leaders from Korea and Southeast Asia to discuss climate crisis, ESG strategies, and blockchain-based digital transformation projects, following the 19th World Blockchain Web 3.0 Marvels in June.
The conference is co-hosted by The Marvels (Korea), DTS Group, Vietnam NFT UNION (Vietnam), and NineCat Digital (Thailand), and is expected to bring together blockchain business leaders and smart city strategists from around the world to discuss creative cities, culture, and convergence in the Web 3.0 era.
At the conference, Hyejin Lee, Chairman of the Gbrick Foundation, will unveil the JAYA project, a project to build a national messenger for Malaysia, and the 2.0 version of MetaCloud9 (MC9), an AI-based digital asset investment platform, for the first time.
In this regard, at the Blockchain Marvels Bangkok conference, Gbrick will sign a business agreement with NineCat Digital, a leading Thai blockchain business company, to build a network of blockchain services in Asia after 2024.
Meanwhile, on October 21, Gbrick will participate in the Korea-Vietnam Cooperation Digital Asset Investor Network Meetup hosted by VINAKOR Group (chairperson Joo-Yoel, Lee) to meet with smart innovative companies including S1, a local mobility service company, to explore ways to utilize the digital asset GBXT and improve local investor understanding.
Bitcoin price is correcting gains from $28,000. BTC could correct further lower toward the $26,800 zone before the bulls take a stand.
Bitcoin started a downside correction from the $28,150 resistance zone.
The price is trading above $26,600 and the 100 hourly Simple moving average.
There is a declining channel forming with resistance near $27,250 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair could extend its decline toward $26,800 before it attempts a fresh increase.
Bitcoin Price Starts Downside Correction
Bitcoin price started a decent increase above the $27,000 resistance zone. BTC even climbed toward the $28,000 resistance zone before the bears appeared.
A high was formed near $28,150 and the price started a downside correction. There was a move below the $28,000 and $27,500 levels. The price even spiked below the $27,400 level. However, it found support near the 50% Fib retracement level of the key increase from the $25,928 swing low to the $28,150 high.
Bitcoin is still trading above $26,600 and the 100 hourly Simple moving average. Besides, there is a declining channel forming with resistance near $27,250 on the hourly chart of the BTC/USD pair.
Immediate resistance on the upside is near the $27,200 level and the channel trend line. The first major resistance is near the $27,400 level. A clear move above the $27,400 level might send the price toward $28,000. The next major resistance is near $28,150, above which there could be a sustained increase.
Source: BTCUSD on TradingView.com
In the stated case, the price could test the $29,200 level. Any more gains might set the pace for a larger increase toward $30,500.
What’s Key Support In BTC?
If Bitcoin fails to clear the $27,400 resistance, it could continue to move down. Immediate support on the downside is near the $27,000 level.
The next major support is near the $26,800 level or the 61.8% Fib retracement level of the key increase from the $25,928 swing low to the $28,150 high. A downside break below the $26,700 level might put a lot of pressure on the bulls. In the stated case, the price could drop toward $26,000.
Technical indicators:
Hourly MACD – The MACD is now losing pace in the bullish zone.
Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now near the 50 level.
Major Support Levels – $27,000, followed by $26,700.
Major Resistance Levels – $27,400, $28,000, and $28,500.
The value of PEPE, one of the most promising assets in the second quarter of 2023, has been faltering in recent weeks. According to CoinGecko data, the meme coin has been in a 33.6% price decline in the last 14 days.
The PEPE price took a significant hit in the past week, tumbling by more than 20% in a matter of hours. This negative price action was triggered by the rumors of a rug pull orchestrated by the project deployers.
On Thursday, August 24, about $16 million worth of Pepe tokens were moved from the developers’ multi-sig wallet to various crypto exchanges, spreading FUD (fear, uncertainty, and doubt) across the community.
The team behind the meme coin has now published an announcement, addressing the community on what happened in the past few days.
‘Three Rouge Ex-Team Members Responsible For $16 Million Withdrawal’
On Saturday, August 26, one of the anonymous developers behind the Pepe project shed more light on the mysterious $16 million withdrawal from the project’s multi-sig wallet via a post on the official X (formerly Twitter) account.
According to the team member, three ex-team members initiated a series of unexpected withdrawal transactions and transferred the “stolen” Pepe tokens to various crypto exchanges.
A part of the community address explained:
The multi-sig (wallet) was set up to require 3/4 signers present for an approval. Yesterday these 3 ex-team members came back behind my back, logged onto the multi-sig, stole 16 Trillion/ 60% of the 26 trillion multi-sig tokens, and sent them to exchanges to sale. They then removed themselves from the multi sig in an attempt to absolve any association to $PEPE, deleting all of their social accounts and leaving me behind nothing but a message stating “the multi-sig (wallet) has been updated, you are now in full control.”
The anonymous developer established that these former members have been difficult to work with since the inception of the Pepe project. “There has often been conflict, and the majority of the team involved in $PEPE creation started to distance themselves after the first week of project inception”, they said.
While apologizing for the inconvenience and losses caused by the “bad actors,” the project member claims that the remaining 10 trillion Pepe tokens in the multi-sig are “safe” and out of the reach of “nefarious” ex-team members.
Unsurprisingly, the online crypto community had mixed reactions to the project developer’s address. While some individuals seemed convinced by the team member’s account, others raised questions about the sincerity of the claims.
PEPE Jumps By Nearly 10% – Is A Recovery On?
The value of PEPE reacted positively to this address, surging by about 9.6% to reach $0.000000956641. Although it has experienced some correction, the meme coin’s price is still well (roughly 9%) above its seven-day low of $0.000000824545 reached in the early hours of Friday, August 25.
As inferred earlier, panic-induced selling was primarily responsible for the recent PEPE price crash. With confidence seemingly restored, investors will likely be banking on a price recovery.
Fortunately, the daily Relative Strength Index (RSI), an indicator that tracks the balance between the buying and selling pressure of a token, is in the oversold zone for the first time ever. When in the oversold region, the RSI often signals that a trend reversal is on the horizon.
According to CoinGecko data, PEPE currently trades at $0.000000898317, registering a 1.4% price jump in the last 24 hours. With a market cap of roughly $375.9, the meme coin is the 97th-largest cryptocurrency on the market.
PEPEUSDT at $0.00000088951 | Source: daily PEPEUSDT chart on TradingView
Featured image from Unsplash, chart from TradingView
Bitcoin price started a recovery wave above the $26,250 resistance. BTC could gain bullish momentum if there is a close above the $27,000 resistance.
Bitcoin is slowly moving higher above the $26,250 support zone.
The price is trading above $26,250 and the 100 hourly Simple moving average.
There is a connecting bullish trend line forming with support near $26,250 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair could continue to rise if it clears the $27,000 resistance.
Bitcoin Price Recovers
Bitcoin price remained well-bid above the $25,800 level. BTC formed a base and started a recovery wave above the $26,050 level. The bulls were able to push the price above the $26,250 level.
There was also a break above the $26,500 resistance. Finally, the price tested the $26,780 zone. A high is formed near $26,779 and the price is now consolidating gains. It is trading just below the 23.6% Fib retracement level of the recent wave from the $25,360 swing low to the $26,779 high.
Bitcoin is trading above $26,250 and the 100 hourly Simple moving average. There is also a connecting bullish trend line forming with support near $26,250 on the hourly chart of the BTC/USD pair.
Source: BTCUSD on TradingView.com
On the upside, immediate resistance is near the $26,600 level. The first major resistance is now near the $26,780 level, above which the price might rise toward the $27,000 resistance. A close above the $27,000 resistance could start a decent increase toward the $27,500 resistance zone. Any more gains might set the pace for a larger increase toward $28,200.
Are Dips Supported In BTC?
If Bitcoin fails to clear the $26,780 resistance, it could start a downside correction. Immediate support on the downside is near the $26,250 zone and the trend line.
The next major support is near the $26,050 level or the 50% Fib retracement level of the recent wave from the $25,360 swing low to the $26,779 high. A downside break below the $26,050 level might push the price again into a bearish zone. In the stated case, the price could drop toward $25,550.
Technical indicators:
Hourly MACD – The MACD is now gaining pace in the bullish zone.
Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level.
Major Support Levels – $26,250, followed by $26,050.
Major Resistance Levels – $26,780, $27,000, and $27,500.
While the broader cryptocurrency market recently took a nosedive, some mysterious Ethereum whale successfully escaped with $41 million worth of ETH. Days later, the price of ETH went down, along with BTC and other cryptocurrencies. Did this whale know something the rest of the market didn’t?
Ethereum Whale Sells $41 Million Before Market Crash
In the early hours of August 18, the crypto market saw investors reacting to SpaceX selling its $373 million Bitcoin holdings, pushing down Bitcoin by more than 8% in a matter of minutes. During this period, the crypto market cap dropped to $1.1 trillion, and Ethereum also saw its value plummet by almost 6%.
On-chain data provided by Lookonchain reveals that a smart Ethereum whale dumped 22,341 ETH worth $41 million just prior on August 14. On-chain investigation shows that the whale moved their ETH holdings to the Binance exchange and then withdrew $41 million worth of Tether USDT.
While this whale still made a loss of $1.7 million in the sale, if they hadn’t moved their funds, they would have lost at least $5 million in the crash.
Coincidentally, this isn’t the first time this trader has made headline trades. This savvy Ethereum whale has shown signs of being able to predict market movements before and has had a 100% winning rate in recent months.
The whale profited from the SEC and Spot Bitcoin ETFs saga. When ETH plummeted in reaction to news of the SEC rejecting spot Bitcoin applications from BlackRock and other investment companies, this whale saw this as an opportunity to buy the dip on June 30.
They bought 8,188 ETH worth $15.23 million at $1,860 per ETH, and ETH would later rise to $1948.60 in the hours after.
A smart whale deposited 25K $ETH ($47.24M) to #Binance and withdrew 15.9M $USDT 12 hrs ago.
While we can’t know for sure if whales have access to insider information, their actions are worth paying attention to. It could be that this whale knew something was going to trigger a price crash or was just making the right trading decision at the right time.
Nevertheless, whale moves could signal future price action due to the sheer size of their holdings. So by closely following the on-chain activity of major holders, investors might gain useful insights.
The market is still yet to bounce back from the recent dip. At the time of writing, ETH is down by 1.80% in the past 24 hours and down by 10.19% in a 7-day timeframe. Bitcoin and XRP are also down by 11.87% and 19.87%, respectively in a 7-day timeframe.
In a shocking twist, Bitcoin (BTC), the undisputed king of cryptocurrencies, has plunged to levels not seen since the early days of 2023.
The battle-hardened Bitcoin bulls have suffered another crushing defeat, leaving investors on edge, anxiously pondering whether the dreaded sub $20,000 abyss will haunt them again.
With relentless uncertainty gripping the market, the burning question lingers: Has Bitcoin truly hit rock bottom, or is BTC in for an even darker descent?
Bitcoin Path Aligned With 1930 Stock Market Crash
According to Mike McGlone, Bloomberg’s Senior Macro Strategist, Bitcoin’s current trajectory bears an uncanny resemblance to the US stock market crash of 1930.
In his analysis, McGlone highlights the clear rollover pattern and downward trend evident in Bitcoin’s 100-week moving average (MA) graphic.
BTC’s 100-week MA and US Treasury yield discrepancies. Source: Mike McGlone on X.
The implications of this pattern, combined with the fundamental principle of “not going against” the Federal Reserve (Fed) and the potential for reversion of one of history’s best-performing assets, warrant serious consideration.
Adding to the potential headwinds for Bitcoin, US Treasury two-year notes yield nearly 5%, marking a historic high in the crypto realm.
Bitcoin, born in the aftermath of the 2008 financial crisis and during a period of highly low-interest rates, may now be facing an extended period of retracement.
According to Mcglone, in an era of near-zero and negative interest rates, the allure of a digital equivalent to gold can be captivating. However, the landscape is shifting as the world’s safest securities offer approximately 10% total return over two years. This shift may pressure the prices of riskier assets, including Bitcoin.
The significance of the US Treasury two-year note’s approximate 5% yield has historical parallels. It harkens back to before the financial crisis and the birth of Bitcoin. This correlation suggests potential headwinds for most risk assets.
McGlone’s analysis, focusing on the 100-week moving averages, reinforces the prevailing downward biases observed in Bitcoin, particularly when compared to the steepest Treasury yield competition witnessed in almost two decades.
Analyst Warns Of Potential Sub-$20,000 Levels
Bitcoin’s recent price trajectory has left many investors uncertain about its future, with some analysts drawing parallels to historical price crashes. Material Indicators co-founder Keith Alan has shared insights on the current market conditions.
Since the beginning of the bear market, Alan has been closely monitoring Bitcoin’s price movements and sharing a chart that suggests the potential for retesting sub-$20,000 levels.
While acknowledging the possibility of short-term scalping opportunities, Alan advises caution and limited exposure to preserve capital for what he believes could be a generational buying opportunity. Notably, Alan emphasizes that he does not believe the bottom has been reached for Bitcoin.
BTC’s potential price crash levels. Source: Keith Alan on X.
The chart highlights various downrange levels, showcasing Alan’s belief in the potential for further downside movement.
As depicted in Alan’s chart, the Bitcoin market faces a critical juncture where the strength of support at $25,000 is crucial for the bullish case in the near term. Failure to hold this level could lead to a revisit of the December 2017 bull market peak at $19,800.
Adding to concerns for Bitcoin, there is the possibility of continuing the downside momentum, potentially reaching a four-year low around the June 2019 bull market top of $13,800. This scenario would catch many bulls off guard, especially considering the prevailing belief throughout 2023 that the crypto winter was ending.
The momentum has shifted for the most prominent cryptocurrency in the market, and the bulls must defend their remaining support levels to avert an extended decline throughout the remainder of the year.
BTC’s decline on the daily chart. Source: BTCUSDT on TradingView.com
BTC has briefly reclaimed the $26,000 threshold; however, it remains down by over 7% in the past 24 hours.
Featured image from iStock, chart from TradingView.com
Voyager Digital has been busy in recent months as it looks to sell its remaining crypto holdings on centralized exchanges. In its latest move, the bankrupt crypto brokerage has transferred millions in SHIB and ETH to Coinbase. According to on-chain data, Voyager moved SHIB and ETH tokens to Coinbase’s ledger on Friday, August 11.
Millions In SHIB And ETH Transferred To Coinbase By Voyager
Voyager has been selling off assets since the beginning of the year. Specifically, the latest on-chain transactions show that Voyager moved a total of $5.5 million in crypto to Coinbase. The transactions consisted of 1,500 ETH sent in two transactions.
Before being moved to Coinbase, 1,000 ETH and 500 ETH, with a combined value of $2.77 million, were sent to separate wallets. Another 250 billion SHIB valued at $2.7 million was then sent to Coinbase.
On-chain data also shows that Voyager has been moving all its token holdings to its primary address. This likely means the company is consolidating its crypto assets before moving them to crypto exchanges.
Bankrupt crypto firm Voyager transferred 1,500 ETH ($2.77 million) and 250 billion SHIB ($2.7 million) to Coinbase. Additionally, Voyager is moving all remaining tokens to the main address. There are currently about $81.63 million worth of cryptocurrency in Voyager addresses.…
Voyager’s goal is to eventually reimburse all customer accounts, at least partially. The firm went bankrupt last year after the failure of crypto hedge fund Three Arrows Capital which failed to repay its $665 million Voyager loan. The company, however, received court approval in May 2023 to begin winding down its operations and start repaying customers a portion of their crypto assets that’s been locked for over a year.
According to court filings, Voyager had only about $630 million to pay back $1.8 billion in customer claims. As a result, Voyager users could only claim 35.72% of their tokens. They could either withdraw their claims immediately or choose to wait for 30 days to be paid in USD after Voyager sells the tokens.
At the time, data from Arkham Intelligence showed that Voyager had $268 million in ETH, $236 million in USDC, and $77 million in SHIB. But now that the time for customer claims is over, Voyager seems to be consolidating its remaining assets into one address before selling them. According to Arkham Intel, there is currently about $81.63 million worth of cryptocurrency left in Voyager addresses.
What This Means For SHIB And ETH Prices
The recent transfers of millions of dollars in SHIB and ETH tokens from Voyager Digital to Coinbase could signal selling pressure is on the way for the two cryptocurrencies. If Coinbase unloads these tokens onto the open market, it may drive prices down further as supply outpaces demand.
SHIB is currently on a roll and is up by 15.55% in a 7-day timeframe. ETH, on the other hand, is currently ranging around $1,850 after the ETH ecosystem reached a milestone recently with the number of non-zero addresses reaching a new all-time high.
Featured image from Currency.com, chart from Tradingview.com
According to Etherscan data, the number of active ERC-20 addresses has not changed much in 2023. It has stayed between 200,000 and 300,000 while Ethereum prices stagnate below July 2023 highs. As of August 2, there were about 275,000 active ERC-20 addresses, up from 156,000 on June 18. Although activity has been low overall, there was a significant increase on June 11, with over 446,000 active ERC-20 addresses.Active ERC-20 Addresses: EtherscanEthereum’s price trajectory has been tumultuous in tandem with this activity pattern, looking at the charts. For instance, Ethereum bulls have failed to breach the $2,100 liquidation level posted in the latter stages of H1 2023.
Ethereum Prices Volatile, Few Coins Burned
At the moment, ETH prices hover around the $1,800 range, teetering precariously and likely to drop, looking at candlestick arrangements in the daily chart. Although Ethereum has been bullish in the past two months, bulls have been tamed, and a drop below the $1,800 level may signal a shift from bullish to bearish in the medium term.ETH price on August 2| Source: ETHUSDT on Binance, TradingViewWith ETH under pressure, the number of active ERC-20 addresses remains constant and relatively lower than the 2021 peaks. This means there is less demand for ETH, which is used to pay transaction fees. As a result, gas fees are lower because there is less competition for block space. Typically, this would encourage more people to participate and even deploy complex contracts in decentralized finance (DeFi). With EIP-1559 in the equation, low activity means fewer coins are taken out of circulation. Despite low network activity, the protocol continues to issue 2 ETH after each validated block, watering down deflationary effects enforced by EIP-1559.
DeFi Activities Falling
Falling activity could be attributed to the waning interest in decentralized finance (DeFi) activities over recent months. As of August 2, the total value locked (TVL) remains below $50 billion, with a significant portion of assets tied in Ethereum. DeFi projects like LidoDAO, Curve, and Uniswap facilitate the trading of ERC-20 tokens.Furthermore, on-chain data highlights USDT as the most actively transacted token. Given its position as the third-largest coin by market cap, with substantial circulation in Ethereum and Tron networks, such a trend is expected.Looking back at ERC-20 transactions from June and July, it is evident that transfers stayed constant despite temporary price increases. Ethereum prices rose from $1,630 to $2,000 between mid-June and mid-July 2023, but ETH is now lower. On-chain ERC-20 activity has remained stable despite price volatility. It’s unclear whether there will be a change in activity as prices continue to drop. However, lower prices may force token holders to wait and see, leading to less activity.
Shiba Inu, one of the well-known alternative coins on the cryptocurrency market, has seen its price rise dramatically over the past week. This increase in value can be primarily attributable to whale activities, which have significantly improved the performance of the meme coin.
Shiba Inu has distinguished itself among the many alternative cryptocurrencies with a fantastic price increase. Shiba Inu fans and investors have been closely keeping tabs on the market’s developments and have seen a rapid rise in the asset’s value.
Large holders have amassed enormous amounts of SHIB, as evidenced by on-chain data from the market intelligence platform Santiment. Since the beginning of June, addresses holding 10 million to 100 billion SHIB tokens (Shina Inu whales) have purchased a total of 1.11 trillion SHIB.
Whale activity refers to the involvement of large investors who hold large amounts of SHIB. Their actions, such as buying and trading the coin, contribute to the price hike and positive market sentiment surrounding the meme coin.
Additionally, Santiment data revealed that over the past two to three months, huge Shina Inu wallets belonging to the “shark” and “dolphin” categories have purchased SHIB valued at more than $9 million.
As of Friday, these significant investors held $32.49 trillion worth of SHIB securities. The group owns SHIB, worth about $266 million in total.
SHIB total market cap at $5 billion on the weekend chart at TradingView.com
This increase in whale activity occurs before the launch of the layer-2 solution Shibarium, which is a significant event for the Shiba Inu ecosystem.
Shibarium’s launch has been anticipated by cryptocurrency fans, who observed a noticeable increase in buying activity in recent days. Investors and traders alike have expressed great excitement about the upcoming launch of Shibarium.
Shiba Inu Current Trading Performance, Market Position
At the time of writing, SHIB was trading at $0.00000848, up 3.8% in the last 24 hours and climbing 8.0% in the previous week, data from crypto market tracker Coingecko shows.
As of this writing, Shiba Inu is ranked by CoinGecko as the 15th-largest cryptocurrency by market cap, having a value of nearly $5 billion.
Shibarium, which offers a second-layer solution to improve the network’s scalability and general efficiency, is a significant advancement for the SHIB ecosystem.
The rising demand for the SHIB coin has increased the importance of a robust infrastructure that can process a large number of transactions quickly and efficiently.
Shibarium is currently only available on the testnet. Still, its introduction has sparked great interest and is a significant factor in the increasing demand for this meme coin.
(This site’s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk).Featured image from The Daily Hold
On July 24, 2023, Coinglass data revealed that over $41 million worth of Bitcoin long and short leveraged positions were liquidated as the BTC prices unexpectedly crashed below a consolidation level of around $29,500, shrinking by over 4%. The drop below the primary support is heaping pressure on the coin.It may draw more selling pressure in upcoming sessions, pushing prices toward immediate reaction lines, the next being at about $28,300.
Bitcoin Drops, Over $41 Million Of Longs Liquidated
In crypto trading, liquidation happens the facilitating exchange, for example, OKX or Binance, forcibly takes over the collateral securing the leverage position whenever prices move against the trader’s prognosis. In this case, the recent liquidation was triggered by the rapid sell-off in Bitcoin, leading to a more than 4% price decline within a few hours during the New York Session on July 24.Binance, the world’s largest crypto exchange and a platform facilitating trading crypto derivatives, liquidated most levered positions. Significant liquidation amounts were also observed in ByBit and OKX.A big chunk of liquidated positions were “longs,” meaning traders expected prices to rise in the days ahead. Coinglass said over $41 million of cumulative long positions were closed. Meanwhile, only $2.5 million of short positions were closed despite Bitcoin plunging, moving along the traders’ price prediction.Bitcoin liquidation: CoinglassDespite Bitcoin remaining in a bullish formation, prices have been moving inside a consolidation, failing to breach the $31,800 level recorded in mid-July 2023. Coinciding with this expansion, a United States judge had ruled to favor Ripple Labs, saying XRP was not a security, in their case against the Securities and Exchange Commission (SEC).Following this declaration, the broader crypto market edged higher, only to cool off days later. Bitcoin has been no exception, as current price action reveals.Bitcoin price on July 24| Source: BTCUSDT on Binance, TradingView
Will ETF Applications Support Prices?
Still, the collapse comes a few days after the SEC accepted applications from major financial institutions, including BlackRock, a prominent Wall Street giant, to launch Bitcoin exchange-traded funds (ETFs). News of BlackRock applying for a Bitcoin ETF previously triggered a bull run, pumping prices to 2023 highs. Bitcoin remains bullish as prices remain within the leg-up established from June 15 to July 13. Even though fundamental factors could support prices, BTC may edge lower should bulls fail to prop up prices and push them within the consolidation of the better half of July 2023. Technically, a close above $31,800 and July 13 highs may drive the coin towards the $36,000 zone and later $43,000 in a buy trend continuation formation. These are critical levels from the Fibonacci extension levels anchored on the recent leg-up from mid-June to mid-July.