PRICES OF TOP NFT PROJECTS DROP 33% DUE TO THE RISE OF OTHER NFT PROJECTS

October 25, 2021

TL:DR

Good Morning and Happy Monday, everyone! It’s time for our weekly newsletter. As always, we will be telling you about some of the news stories that made headlines this past week and giving you a sneak peek at some of the upcoming events that we think are worth your time. If you like what we do then please don’t forget to forward this newsletter to your friends.

MARKETS

▲ Bitcoin

$61,049.81

+107.99%

▲ Ethereum

$4,135.56

+465.95%

▲ Cardano

$2.16

+1133.18%

▲ Solana

$197.78

+10664.25%

▲ Binance

$484.12

+1176.96%

*Cryptocurrency data as of Sunday at 7:45 PM PST. YTD% Average

Weekly Review

Last week’s market performance

To the moon, or above? Bitcoin reached its highest ever at almost $67,000!! The move comes all thanks to the upcoming Bitcoin ETF or exchange-traded fund. Other cryptocurrencies mainly Ethereum, Solana, and Polkadot also saw a substantial rise in their prices promising for an alt-season also coming soon! Will Bitcoin reach $100,000!? Last week proves the idea isn’t that far-fetched.

Politics

Ukraine is all set to build a top crypto-jurisdiction

Ukraine, the European country earlier famous for its adaptation of “digital” passports in a smartphone is gearing towards building a high tech society that will outperform in different roles related to tech such as the experimenter, regulator, and of course the promoter. Since this September, Ukraine has aimed to go paperless which in relation to a currency means cryptocurrencies will become ever so popular in the country and will boost its’ digital economy.

TRIVIA

In February 2021, this meme based cryptocurrency saw a huge rally when an advertisement for it appeared on a massive billboard in Times Square NY.

A. Floki B. Dogecoin C. Kishu Inu D. Shiba Inu

Answer Below.

Technology

So far, 200 Bitcoin ATMs have been installed in Walmart stores

If you live in the US, Bitcoin ATMs are coming closer than you’ve imagined! After a partnership with a coin cashing company known as “Coinstar” so far 200 Bitcoin ATMs have been installed in different Walmart stores all across the United States, allowing customers to expand Bitcoin access through the insertion of a fiat banknote in US Dollars.

Technology

AMC’s CEO eyes towards their theater chain launching its cryptocurrency

Looks like the CEO of AMC hasn’t had it enough with cryptocurrencies, and is actively looking for something more. After formally allowing AMC theaters to accept a few cryptocurrencies, the CEO is eyeing launching one of their own. Adam Aron the CEO of AMC says the company is getting “hyperactive” when it comes to cryptocurrencies.

Politics

Bank of Spain preparing to offer crypto services

You might’ve heard about the Bank of Spain in Netflix’s hit known as “Money Heist” but that’s not all. Last week, the Bank of Spain formally stated it is “almost” ready to offer crypto-related services such as investment and loans to their clients however the only hurdle seems to be the lack of clarity from the central bank. While we’re not sure how long that will take but it seems the Bank of Spain is indeed interested in crypto-services as they announced their participation back in June 2021.

Coin Market Calendar

Date	Project	Website
10/26	ArtWallet	$1ART
10/26	Clearpool	$CPOOL
10/26	DotOracle	$DTO
10/26	Chimeras	$CHIM
10/27	Scallop	$SCLP
10/27	AcknoLedger	$ACK
10/26	Chimeras	$CHIM
10/27	DOSE Token	$DOSE
10/28	Ardana	$DANA
10/28	Entropyfi	$ERP
10/29	Swash	$SWASH
10/31	The Monopolist	$MONO
10/31	Galactic Arena	$GAN

Connect to our shareable calendar here.

Technology

1 million users are on the waitlist of Robinhood’s new feature offering a crypto wallet

After being formally announced by Robinhood about its plan to roll out a crypto wallet in 2022 allowing users to trade, send and receive money in cryptocurrencies along with sending them to hardware wallets, about 1 million people have entered the waitlist so far and the list is fast-growing, says a report. Earlier this year, Robinhood got backlash, becoming the center of a controversy as it froze the app’s trading for GameStop on January 28th.

NFT News

Prices of top NFT projects drop 33% due to the rise of other NFT projects

The most famous NFT projects known as Bored Apes Yacht Club, the one of the highest-ranking NFT projects in terms of their lifetime volume has seen a 33% drop in their prices last week from an overall price of 44 ETH to now 29 ETH. The reason for this price decline? Other projects are out in the market according to Dune Analytics.

Featured Project

LABS Group – Liquifying asset backed securities

This week our featured project includes LABS Group which is an end-to-end real estate digitalization ecosystem that offers security token issuance and a securities exchange marketplace that helps to drive more investment for real estate developers. LABS Group or $LABS introduced a new joint venture that offers a partnership with Arena eSports hotel. The purpose of this partnership is to allow and unlock a series of fun, as well as exciting real estate tokenization projects that will be announced shortly.

TRIVIA ANSWER

B. Dogecoin The frenzy around Dogecoin spread likw wildfire. After the cryptocurrency pump, in which Elon Musk took part, something even more interesting such as billboard showed up in Time Square,

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PRICES OF TOP NFT PROJECTS DROP 33% DUE TO THE RISE OF OTHER NFT PROJECTS

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