🦎🚀 Time to get in or get out? 🏃

Monday, March 11, 2024

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70K and counting, Geckos!

New day, new all-time highs as Bitcoin is now looking towards $80K as its next target!

In today's news:

Total exit? 🚪
The hat stays round 👒

Read on!

24h Hot Searches Worldwide 🔥

DeepFakeAI (+6.5%)
Beldex (-1.0%)
DexCheck (+2.2%)
GALA (+12.6%)
Metis (+26.3%)
Orion (+17.6%)
Grok (+64.8%)

6 Years of Crypto Fear & Greed Index

In the last six years, crypto sentiments were the worst in 2022 when the market experienced fear 94% of the time, but subsequently moderated last year.

Most recently from November 2023 to date, the Fear & Greed Index recorded no fear for 4 consecutive months and counting.

Total exit? 🚪

Is Kevin Rose leaving the Web3 space for good?

Over the weekend, the co-founder of PROOF and the Moonbirds NFT collection, liquidated over $1.2M worth of high-profile NFTs.

Among the NFTs sold were Fidenza #531 for 142 ETH (~$554K) and a unique piece titled 'When Airdrop?' by the artist XCOPY for 151.2 ETH (~$590K).

Close to two weeks ago, Rose also burnt 2 ENS domains and transferred another 2 ENS NFTs to this wallet address, which contained just a Moonbirds NFT and a Proof Collective Pass.

Rose's recent behavior has led many to believe that the man is done with crypto, so much so that several opportunists have tried offering some interesting ENS domains for the remaining NFTs he owns.

However, despite the recent sales, Kevin Rose has denied that he is leaving crypto and is simply trimming down his collection to make room for more.

And he might just be telling the truth, as some of his other valuable pieces, such as Murakami Flowers and Chromie Squiggles, have been transferred to a new wallet.

Editor's Take:
If selling NFTs could be misconstrued as 'exiting the space', then I'm sure that many of us would not be here now. But jokes aside, there's nothing wrong with taking a little profit to free up some capital for the current market. Besides, he's been holding on to them for nearly three years.

In this video, we take a look at historical bitcoin price action around the previous halving. Will it give clues for what to expect for the incoming halving right around the corner?

Watch now!

The hat stays round 👒

Fancy seeing a Shiba Inu wearing a hat on the Las Vegas sphere?

A new community initiative spearheaded by various crypto influencers such as Ansem is now looking to raise money to bring the famous 'dogwifhat' to a wider audience.

The 'sphere wif hat' movement aims to raise $650K for a week of advertising on the Sphere at Las Vegas, an event venue with an external spherical LED display.

The initiative has collected over $300K thus far from hundreds of donors, with two wallets donating as much as $9,999 each.

While this seems like a genuine effort to promote greater awareness and appreciation of the popular WIF memecoin, some are taking it as a sign of caution, where excessive spending typically marks the top.

Since the initiative was launched, WIF has risen slightly by 5.2% from $2.12 to $2.23 as of the time of writing.

We've partnered with Aleph Zero on a Learn & Earn campaign! Simply watch, learn, and ace the quiz to win a share of 5000 $AZERO.

1,000 lucky participants will be selected through a raffle.

Join now

Developers' Guide: Build an Interactive Crypto Price Tracker with React JS

In today's guide, learn how to build a dynamic crypto price tracker to monitor live crypto prices and visualize historical data with React JS and CoinGecko API. Full code in React JS included!

Learn more

In Other News...

Cast announced! Chloë Grace Moretz to star as 'Razzlekhan' in $4B Bitfinex Bitcoin heist film.
Going hard into Web3. Ubisoft became a validator for another blockchain network XPLA, founded by traditional gaming firm Com2us.
Saga airdrop begins! The airdrop claim involves over 200K unique wallets, with some coming from its play-to-airdrop campaign and others for DeFi staking across Cosmos, Celestia, and elsewhere.
U.S. spot BTC ETFs now hold roughly 4% of BTC supply. The nine newborn ETFs are on pace to hold more bitcoins than Grayscale's converted GBTC fund by the end of Friday.
The Dai savings rate increased from 5% to 15%. MakerDAO implements temporary fee hikes to prepare for potential Dai demand shock.
Rampant sandwich attacks. Jito Labs axes mempool function following increase in MEV attacks.

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