CONTENTS 05
CRYPTO TRADE OPPORTUNITIES
09
20
WEEKLY CRYPTOCURRENCY MARKET ANALYSIS
06
MY STRATEGY FOR CAPITALIZING ON THE CURRENT CRYPTO BULL MARKET
NFT BOOM: CRYPTOPUNKS COLLECTION SHINES WITH 900% TRADING VOLUME INCREASE
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POLONIEX WALLETS DRAINED OF AS MUCH AS $100 MILLION IN CRYPTO ASSETS
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09
25
30
BITCOIN HITS 18-MONTH HIGH, SOLANA’S MARKET CAP CLOSES IN ON USDC
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MARATHON DIGITAL LAUNCHES PARAGUAY BITCOIN MINING PROJECT POWERED BY HYDRO ENERGY
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JPMORGAN LAUNCHES LIVE PROGRAMMABLE PAYMENTS WITH JPM COIN, SIEMENS, FEDEX BECOME EARLY ADOPTERS
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CRYPTO FUNDING: A16Z BETS ON BLOCKCHAIN INFRASTRUCTURE STABLECOIN FIRM TETHER MINTED 4B USDT IN 4 WEEKS: DATA
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AS BINANCE LAUNCHES WEB3 WALLET, IS A $300 BNB TOKEN PRICE WITHIN REACH?
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CATHIE WOOD'S ARK SOLD $6M OF GRAYSCALE BITCOIN TRUST SHARES AMID RALLY
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BLACKROCK FILES TO LAUNCH ETHEREUM TRUST ETF ON NASDAQ, EYES SPOT CRYPTO MARKET ENTRY
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WHALE ACTIVITY SPIKES ON BITCOIN, ETHEREUM, CARDANO, AND CHAINLINK NETWORKS: CRYPTO ANALYTICS FIRM SENTIMENT
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MICHAEL SAYLOR’S MASSIVE BITCOIN BET CROSSES $1B IN UNREALIZED PROFIT
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MASSIVE PARTNERSHIP FOR CARDANO (ADA) PROPOSED BY CHARLES HOSKINSON
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PRESS RELEASE
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CASTMYNFT VS. ONCYBER VS. ARTPLACER VS. ARTGENCE: A DETAILED COMPARISON
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BITCOIN FUTURES VOLUME SURGES 157% AS BTC CROSSES $37K
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SWISS FINANCIAL GIANT UBS NOW OFFERS CRYPTO ETFS TO WEALTHY CLIENTS IN HONG KONG, REPORT
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Cryptonaire Weekly | November 14th 2023
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THE FUTURE OF CRYPTO GAMING: A TRADER’S INSIGHT ON MARKET DYNAMICS AND INVESTMENT STRATEGIES
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EDITORS LETTER Bitcoin has continued its northward march, indicating that the bulls are in no mood to book profits as they anticipate the rally to extend further. Bitcoin’s bullishness has also rubbed on to select altcoins, which have risen sharply in the past few days, raising hopes that an altcoin season may be around the corner. Bitcoin’s upcoming halving in April and the expectations of a spot Bitcoin exchange-traded fund being greenlighted in early 2024 are two of the main reasons boosting bullish sentiment. Bloomberg ETF analysts James Seyffart and Eric Balchunas said in a research note on November 9 that there is a 90% chance that a spot Bitcoin ETF will be approved by January 10. They also speculated that there was at least an eightday window when the Securities and Exchange Commission could “potentially approve all 12 US spot Bitcoin ETF applicants, including Grayscale’s GBTC.”
We said in the previous analysis that there was a possibility of resumption of the uptrend as the bulls were not giving up much ground. That happened on November 9 when Bitcoin soared to $37,999. However, the higher levels attracted profit-booking as seen from the long wick on the day’s candlestick. The relative strength index (RSI) has been in the overbought zone for the past several days, indicating that a correction is possible. The first support on the downside is at the 20-day simple moving average (SMA). If bulls want to maintain the momentum, they will have to defend this level with vigor. A strong rebound off this level will indicate that the bulls continue to buy on dips. That will increase the likelihood of a break above $37,999. The pair may then climb to the formidable resistance of $40,000. Contrary to this assumption, if the price breaks below the 20-day SMA, it will indicate that the bulls are rushing to the exit. That could intensify the correction and pull the price to $33,440. The deeper the correction, the greater the time needed for the resumption of the uptrend. Lastly please check out the advancement’s happening in the cryptocurrency world. Enjoy the issue
Karnav Shah Founder, CEO & Editor-in-Chief
CRYPTONAIRE WEEKLY Cryptonaire Weekly is one of the oldest and trusted sources of Crypto News, Crypto Analysis and information on blockchain technology in the industry, created for the sole purpose to support and guide our Crypto Trading academy clients and subscribers on all the tops, research, analysis and through leadership in the space. Cryptonaire weekly, endeavours to provide weekly articles, Crypto news and project analysis covering the entire marketplace of the blockchain space. All of us have challenges when facing the crypto market for the first time even blockchainsavvy developers, investors or entrepreneurs with the everchanging technology its hard to keep up with all the changes, opportunities and areas to be cautious of. With the steady adoption of Bitcoin and other cryptocurrencies around the world, we wanted not only to provide all levels of crypto investors and traders a place which has truly great information, a reliable source of technical analysis, crypto news
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CASTMYNFT VS. ONCYBER VS. ARTPLACER VS. ARTGENCE: A DETAILED COMPARISON MY STRATEGY FOR CAPITALIZING ON THE CURRENT CRYPTO BULL MARKET THE FUTURE OF CRYPTO GAMING: A TRADER’S INSIGHT ON MARKET DYNAMICS AND INVESTMENT STRATEGIES
For Latest update
Cryptonaire Weekly | November 14th 2023
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WEEKLY CRYPTOCURRENCY MARKET ANALYSIS Hello, welcome to this week’s 311th edition of Cryptonaire Weekly Magazine. The global crypto market cap is $1.39 Trillion, up 60 Billion since the last week. The total crypto market trading volume over the last 24 hours is at 62.46 Billion which makes a 30.99% increase. The DeFi volume is $6.7 Billion, 10.37% of the entire crypto market’s 24-hour trading volume. The volume of all stable coins is $54.99 Billion, which is 88.04% share of the total crypto market volume the last 24 hours. The largest gainers in the right now are Polkadot Ecosystem and Algorand Ecosystem cryptocurrencies. Bitcoin’s price has increased by 4.91% from $34,920 last week to around $36,635 and Ether’s price has increased by 8.97% from $1,895 last week to $2,065 Bitcoin's market cap is $716 Billion and the altcoin market cap is $674 Billion. Bitcoin has continued its northward march, indicating that the bulls are in no mood to book profits as they anticipate the rally to extend further. Bitcoin’s bullishness has also rubbed on to select altcoins, which have risen sharply in the past few days, raising hopes that an altcoin season may be around the corner. Bitcoin’s upcoming halving in April and the expectations of a spot Bitcoin exchange-traded fund being greenlighted in early 2024 are two of the main reasons boosting bullish sentiment. Bloomberg ETF analysts James Seyffart and Eric Balchunas said in a research note on November 9 that there is a 90% chance that a spot Bitcoin ETF will be approved by January 10. They also speculated that there was at least an eight-day window when the Securities and Exchange Commission could “potentially approve all 12 US spot Bitcoin ETF applicants, including Grayscale’s GBTC.”
Percentage of Total Market Capitalization (Dominance)
Bitcoin
49.36%
Ethereum
17.15%
Tether
6.00%
BNB
2.57%
XRP
2.49%
Solana
1.53%
Cardano
0.87%
Dogecoin
0.73%
Others
19.30%
In another positive news, a Nasdaq exchange filing showed that BlackRock’s ETF division had registered “iShares Ethereum Trust” in the state of Delaware. This suggests that the asset manager wants to create an ETF to hold Ether. This move triggered widespread buying as it shows that BlackRock is bullish on the prospects of the crypto space. Galaxy Digital founder Mike Novogratz sounded upbeat during the firm’s third-quarter earnings call on November 9 when he said that approval for ETFs “is now not a matter of if but when.” Novogratz believes 2024 will be a year of institutional adoption, triggered by the approvals of both the Bitcoin and Ether ETFs. The news and events of the past few weeks have increased institutional participation. According to CoinShares Digital Asset Fund Flows Weekly Report, Digital asset investment products saw an inflow of $293 million last week. That took the total 7-week of inflows to more than $1 billion.
Cryptonaire Weekly | November 14th 2023
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CRYPTO TRADE OPPORTUNITIES BITCOIN - BTC/USD ing that a correction is possible. The first support on the downside is at the 20-day simple moving average (SMA). If bulls want to maintain the momentum, they will have to defend this level with vigor. A strong rebound off this level will indicate that the bulls continue to buy on dips. That will increase the likelihood of a break above $37,999. The pair may then climb to the formidable resistance of $40,000. Contrary to this assumption, if the price breaks below the 20-day SMA, it will indicate that the bulls are rushing to the exit. That could intensify the correction and pull the price to $33,440. The deeper the correction, the greater the time needed for the resumption of the uptrend.
We said in the previous analysis that there was a possibility of resumption of the uptrend as the bulls were not giving up much ground. That happened on November 9 when Bitcoin soared to $37,999. However, the higher levels attracted profit-booking as seen from the long wick on the day’s candlestick.
Previous Analysis...
The relative strength index (RSI) has been in the overbought zone for the past several days, indicat-
ETHEREUM - ETH/USD
that the bulls are trying to stall the pullback at the breakout level of $2,030. The bulls tried to start a rally on November 13 but the long wick on the candlestick shows that the bears are selling aggressively at higher levels. This could keep the ETH/USD pair stuck inside the tight range between $2,030 and $2,136.53 for some time. The rising moving averages and the RSI in the overbought territory indicate that the path of least resistance is to the upside. If the price rises above $2,140, the pair could start the next leg of the uptrend to $2,950.
We highlighted the tight range-bound action in Ether and said that a break above $1,866 could push the price to $2,030. That happened on November 9 when the price shot past this level.
This bullish view will be invalidated in the near term if the price turns down and plummets below $2,030. That could sink the price to the 20-day SMA. Previous Analysis...
The sharp rally reached $2,136.53 on November 10 where profit-booking set in. But a positive sign is
Cryptonaire Weekly | November 14th 2023
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BINANCE - BNB/USD
That started a pullback which has reached the 20-day SMA. This is an important level to keep an eye on because a strong bounce off it will suggest a change in sentiment from selling on rallies to buying on dips. That could improve the prospects of a rally above $257. If that happens, the BNB/USD pair could pick up momentum and surge toward $285 as there is no major resistance in between. If this level also gets taken out, the rally could skyrocket to $305. On the downside, the bears will have to sink and sustain the price below the 20-day SMA to weaken the bulls. That could indicate a possible rangebound action between $220 and $257 for a while.
We projected a rally to $261 in the previous analysis and Binance Coin came very near to the level on November 10 when it hit $258. The bears are posing a strong challenge at the overhead resistance of $257.
Previous Analysis...
RIPPLE - XRP/USD
the candlestick shows aggressive profit booking by traders. The bears will try to tug the price to the 20-day SMA. This level is likely to witness a tough battle between the bulls and the bears. If the price snaps back from the 20-day SMA, it will suggest that the bulls continue to view the dips as a buying opportunity. The pair could then once again rise to $0.75. A break and close above this level will start the next leg of the up-move to $0.85. Contrarily, if the price turns down and plunges below the 20-day SMA, it will suggest that the traders are rushing to the exit. That could pull the price down to the 50-day SMA. Previous Analysis...
We mentioned in the previous analysis that the path of least resistance was to the upside and XRP could climb to $0.75. The XRP/USD pair came very close to this level on November 13 but the long wick on
CARDANO - ADA/USD
The up-move is facing resistance near $0.40. The failure of the bulls to continue the uptrend may have tempted short-term traders to book profits. That has started a pullback to the 20-day SMA. This remains the key level to watch out for. If the price rebounds off this level with strength, it will indicate strong buying on dips. The bulls will then make one more attempt to propel the price above $0.40. If they succeed, the ADA/USD pair could resume the uptrend toward $0.46 where the bears may again mount a strong defense.
Both our projections in the previous analysis, a pullback to $0.28 and a rally to $0.38 turned out to be correct. Cardano dipped near $0.28 on November 1 and reached $0.38 on November 9.
Cryptonaire Weekly | November 14th 2023
On the downside, a break below the 20-day SMA will indicate that the bulls are losing their grip. That could clear the path for a possible decline to the 50-day SMA. Previous Analysis...
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Cryptonaire Weekly | November 14th 2023
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PRESS RELEASE
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Rekt Bookie boasts an impressive 85% win rate since the start of the season. For a limited time, the platform is entirely free. Users can gain access to premium features and predictions without any cost.
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Users should also join Rekt Bookie’s Twitter and Telegram channels for the latest predictions and exclusive updates.
About Rekt Bookie Rekt Bookie is an advanced betting prediction platform that harnesses the power of artificial
Cryptonaire Weekly | November 14th 2023
intelligence to provide accurate and real-time betting odds. Dedicated to objectivity, cutting-edge technology, and user contentment, Rekt Bookie is reshaping the sports betting landscape. With its revolutionary AI platform, Rekt Bookie is poised to disrupt the sports betting industry and become the go-to destination for bettors seeking an advantage.
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ADVANCEMENTS IN THE CRYPTOCURRENCY WORLD THIS WEEK IN COINS: BITCOIN HITS 18-MONTH HIGH, SOLANA’S MARKET CAP CLOSES IN ON USDC Bitcoin’s rally continued and a number of other alts experienced powerful gains this week—for a number of reasons.
in on USD Coin’s (USDC) market cap. It is now comfortably above $50 per coin, and priced at $54.54—a more than 38% weekly rise.
The crypto excitement doesn’t seem to end. Bitcoin (BTC), after cooling off last Friday, continued to bolt upwards—it hit an 18-month high on Thursday, crossing into $37,000 per coin on optimism surrounding the potential approval of a spot exchange-traded fund (ETF).
SOL has been on a rally of its own: it’s up 150% in the past 30 days; no other major coin or token has experienced gains like that. Experts told Decrypt that it is likely down to a short squeeze caused by short sellers exiting their positions. Plus, the blockchain is fast and cheap—so there is renewed interest from institutions.
Bitcoin’s boom—most likely caused by a note from Bloomberg Intelligence analysts saying that the U.S. Securities and Exchange Commission now has an eight-day window to approve the applications for a Bitcoin ETF—brought the rest of the market with it. Over the past seven days, BTC is up nearly 8% and trading hands for $37,369, according to CoinGecko. A number of big altcoins saw gains with Solana (SOL) taking the lead and continuing its seemingly unstoppable rally. On Friday, the coin was closing
Cryptonaire Weekly | November 14th 2023
Ethereum, the second-largest cryptocurrency, also did well. It crossed the $2,000 mark for the first time since July; it is currently up over 14% over the week. Elsewhere, alts that had seemingly been quiet experienced a resurgence: Chainlink (LINK) has experienced a 33% seven-day rise—making it the next best gainer after SOL out of the top 20 coins and tokens. It is currently trading for $15.10 per token.
Read more...
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Cryptonaire Weekly | November 14th 2023
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Stablecoin firm Tether minted 4B USDT in 4 weeks: Data
T
ether has minted 4 billion USDT over the past month, which accounts for nearly 18% of all USDT issued so far in 2023.
Crypto funding: A16z bets on blockchain infrastructure
T
he tech VC participated in rounds for two infrastructure projects that went through a16z’s crypto startup school this summer This week, venture fund a16z joined two crypto funding rounds. This follows recent reports from Axios indicating a delay in Andreessen’s upcoming crypto investment initiatives to 2025. Both rounds centered on blockchain infrastructure ventures. A16z led a $4.2 million seed round for Pimlico, an infrastructure product working to let wallet developers abstract away parts of the payment process. In a blog post announcing the raise, a16z general partner Sriram Krishnan said Pimlico CEO Kristof Gazso participated in the venture firm’s crypto startup
school in Los Angeles. “By the end of Crypto Startup School, we were convinced that no one was better equipped to build the supporting infrastructure for account abstraction than Kristof,” Krishnan wrote. The use of Pimlico’s form of account abstraction has increased for four straight months, according to data from 1confirmation general partner Richard Chen. A16z also participated in a $5.5 million seed round for the developer tool Stackr. Stackr built a software development kit (SDK) to let developers build Web3 apps using general-programming languages — starting with JavaScript.
Cryptonaire Weekly | November 14th 2023
Read more...
Major stablecoin issuer Tether has been increasingly minting new USDT USDT $1.00 tokens, issuing 4 billion USDT over the past month. Tether issued another 1 billion of Tether on the Tron blockchain on Nov. 10, blockchain data provider Whale Alert reported. The latest USDT minting came just a few days after Tether
rized but not issued transaction, meaning that this amount will be used as inventory for next period issuance requests and chain swaps.” The recently issued USDT makes up a significant share of the total USDT issued this year. Based on Whale Alert data, Tether should have minted 22.75 billion USDT in 2023, with 13 billion, or 57%, having
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issued another 1 billion USDT on Ethereum on Nov. 9, in addition to 2 billion USDT issued in two batches on the Tron blockchain on Nov. 3 and Oct. 19, according to Whale Alert data. Tether chief technology officer and new CEO Paolo Ardoino commented on Whale Alert data on X (formerly Twitter), noting the latest 1-billion-USDT transaction on the Tron network was a “USDT inventory replenish.” He wrote: “Note this is an autho-
been issued on the Tron blockchain. Tether has been actively minting new USDT stablecoins over the past year. In March 2023, Tether minted a whopping 9 billion USDT coins, in addition to the 3 billion minted over the previous month, according to Whale Alert data.
Read more...
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Whale Activity Spikes on Bitcoin, Ethereum, Cardano, and Chainlink Networks
L Cathie Wood's ARK Sold $6M of Grayscale Bitcoin Trust Shares Amid Rally
G
oogle searches relating to purchasing Bitcoin have spiked worldwide following a significant rally in the price of BTC. ARK offloaded 201,047 GBTC shares, worth around $6 million, from its Next Generation Internet ETF. Cathie Wood's ARK Invest sold over 200,000 shares in Grayscale Bitcoin Trust (GBTC) on Nov. 10 as the BTC investment vehicle rallied around 10% last week. ARK offloaded 201,047 GBTC shares from its Next Generation Internet ETF (ARKW), according to an emailed update. The shares were valued $6.03 million based on Friday's closing price. GBTC remains the largest holding of ARKW, with a weighting of 9.97% worth about $132 million.
The sale followed smaller transactions totaling about $5.7 million over several days earlier in the week.
eading analytics firm Santiment says the recent digital asset market uptick has been accompanied by a spike in crypto whale activity. Santiment notes that whales on the Bitcoin (BTC), Ethereum (ETH), Cardano (ADA) and Chainlink (LINK) networks have all hit their highest activity levels in the past six months.
Explains the analytics firm, “There may be a bit of profit-taking happening to end the week, but this doesn’t necessarily signal that tops are imminent.” BTC is trading at $37,388 at time of writing. The top-ranked crypto asset is up by nearly 8% in the past seven days.
GBTC shares rose nearly 10% last week from around $27.35 to just under $30. The trust has rallied nearly 250% in 2023, around double the increase of bitcoin (BTC), which is up around 123% this year. Grayscale Investments, which is owned by CoinDesk parent DCG, won a legal victory against the U.S. Securities and Exchange Commission in August over the regulator's rejection of its application to convert GBTC into a spot bitcoin exchange-traded fund (ETF). Last week, the SEC opened talks with Grayscale on the details of its application, in a further boon for chances of a spot ETF being listed in the U.S.
Read more...
Cryptonaire Weekly | November 14th 2023
ETH, the second-largest crypto asset, is trading at $2,084 at time of writing and is up nearly 14% in the past week. ADA is trading at $0.379 at time of writing. The ninthranked crypto asset by market cap is up by more than 16% in the past seven days. LINK is trading at $15.43 at time of writing. The 12th-ranked crypto asset by market cap is up
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more than 35% in the past week. Santiment also notes that Ethereum competitor Solana (SOL) is receiving a lot of attention online as the crypto asset prints an 18-month high. “Discussion rates on SOL have again spiked, indicating the mainstream crowd recognizes the asset’s decoupling from other assets.
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As NFT art continues permeating the creative realm, the need surges for galleries that can vividly showcase these digital marvels. Leading this charge are four titans aiming to transform NFT displays: CASTmyNFT with its immersive 3D worlds; Artgence and its promise of fully customised galleries; Oncyber with readymade templates; and Artplacer with adaptable integration features.
Drawing inspiration from renowned art museums, an NFT Gallery, like CASTmyNFT, brings NFT artworks to life, offering viewers an enriched visual experience similar to physically walking through art galleries.
But which platform will win over artists and collectors by delivering the ideal blend of innovation, personalisation, and accessibility? CASTmyNFT hopes its user-centric 3D spaces will provide the edge. Artgence banks on bespoke galleries tailored to each artist’s vision. At the same time, Oncyber and Artplacer enter the fray with their own strengths. The battle lines are drawn. As these four NFT gallery juggernauts square off, one thing is clear – the winner will pave the path for the future of digital art exhibitions. Will innovative 3D environments reign supreme? Or is complete customisation the key? The clash begins now.
What is an NFT Gallery? An NFT Gallery is an innovative digital platform designed to showcase Non-Fungible Tokens (NFTs) in immersive environments, elevating the traditional viewing experience from flat 2D displays to dynamic 3D spaces.
Cryptonaire Weekly | November 14th 2023
Unlike standard online displays where NFTs might simply reside as static images in digital wallets, these galleries curate them in lifelike three-dimensional settings. This approach not only emphasises the intrinsic value and beauty of each NFT but also keeps the audience more engaged, enabling artists to present their work in its full splendour and viewers to appreciate the depth and nuances of digital artworks. Ultimately, an NFT Gallery bridges the gap between traditional art display and the burgeoning world of
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digital art, offering a transformative platform for artists and enthusiasts alike. Now that we are fully aware of NFT galleries let us have a look at the top players in the industry and how they compete with CASTmyNFT.
CASTmyNFT vs Oncyber When diving into the rapidly growing realm of NFT display platforms, two names often emerge CASTmyNFT and Oncyber. Both platforms strive to provide unique experiences for users, but they differ significantly in several aspects. Here’s a breakdown:
Oncyber: Increasing Costs: The gallery acquisition price on Oncyber has been on the rise, making it less accessible for emerging artists or new entrants in the NFT space. However, Oncyber does offer free galleries as well, but the templates on offer are limited.
Innovation & Flexibility CASTmyNFT: Continuous Evolution: Since its inception, the platform has undergone multiple iterations, continuously refining its offerings based on user feedback and technological advancements. Diverse Gallery Templates: With a promise of more exciting templates arriving soon, CASTmyNFT is dedicated to keeping the user experience fresh and engaging. Oncyber: Focused Offering: Oncyber, while offering a platform for NFT display, lacks the diverse array of gallery templates and the continuous evolution that CASTmyNFT promises.
User Experience (UX) CASTmyNFT: User-Centric Design: The platform has been crafted for ease of use, ensuring both exhibitors and visitors have a seamless experience.
CASTmyNFT vs Artplacer Let us now focus on the differences between CASTmyNFT and Artplacer, the major players in the NFT display industry.
3D Reality: With its premium 3D galleries, users enjoy a lifelike, immersive art viewing experience, transcending the flatness of conventional online galleries. Oncyber: Viewer Interface: Oncyber is often criticised for its less friendly viewer interface, which can deter casual browsers and potential buyers.
Gallery Acquisition & Pricing CASTmyNFT: Free Subscription Model: One of CASTmyNFT’s strongest suits is its commitment to offering free 3D galleries, ensuring artists and collectors can showcase their NFTs without financial constraints. Customisation: Beyond just displaying, users can tailor their galleries to resonate with their art’s ethos or their brand’s message.
Cryptonaire Weekly | November 14th 2023
Origins & Purpose CASTmyNFT: Born with the specific intent of transforming how NFTs are showcased, viewed, and experienced in 3D galleries. Focuses on providing immersive experiences and bringing NFT artworks to life, ensuring they don’t
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gather digital dust. Artplacer: Initially created to allow users to upload images from folders. Later, it integrated features for NFT display, expanding its offering to the digital art realm. User Experience CASTmyNFT: User-Centric Design: Developed keeping users in mind, ensuring an easy and intuitive experience for both exhibitors and visitors. 3D Reality: Lifelike 3D galleries that emulate realworld art venues, providing depth over flatness. Artplacer: Originated with a 2D display mindset, which might not be as immersive as the 3D experience CASTmyNFT offers.
CASTmyNFT: NFT-Centric Approach: CASTmyNFT was created with the primary objective of transforming how NFTs are presented and experienced. It specialises in providing immersive 3D galleries, bringing NFT art to life.
The platform’s evolution to integrate NFTs may not be as seamless as platforms designed specifically for NFTs.
User Engagement: CASTmyNFT aims to keep audiences engaged and prevent NFTs from being stashed away in 2D wallets.
Customisation & Flexibility
Artgence: Consulting Focus: Artgence primarily operates as a consulting firm offering custom gallery solutions. It provides services to artists and collectors who want to create galleries that reflect their unique style.
CASTmyNFT: Provides tailored 3D gallery designs that echo an artist’s or brand’s essence. Offers artists the ability to monetise their space with in-gallery advertising. Artplacer: While it allows image uploads and some degree of customisation, it might not offer the same depth of personalisation or monetisation features as CASTmyNFT.
Cost & Accessibility CASTmyNFT: Stands out with its free subscription model, ensuring artists can showcase their work without financial barriers. Artplacer: Specific cost structures and subscription models might vary, but CASTmyNFT’s commitment to providing free spaces sets a unique precedence in the market.
CASTmyNFT vs Artgence In the world of NFT art display platforms, both CASTmyNFT and Artgence offer unique features and benefits. Let’s delve into a detailed comparison of these two platforms:
Origins & Purpose
Cryptonaire Weekly | November 14th 2023
User/UI Experience CASTmyNFT: Immersive 3D Galleries: CASTmyNFT sets itself apart by offering lifelike 3D galleries that mimic real-world art spaces. This immersive experience enhances the appreciation of NFT artworks. User-Friendly Design: The platform is designed with users in mind, ensuring ease of navigation and control within the virtual galleries. Artgence: Customisation and Unique Galleries: Artgence excels in providing galleries tailored to an artist’s specific vision. Users can create entirely unique 3D galleries, but the user experience may vary depending on the level of customisation.
Monetisation & Promotion CASTmyNFT: In-Gallery Advertising: CASTmyNFT offers a potential avenue for artists to monetise their gallery
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spaces through in-gallery advertising, enhancing the financial aspect of NFT art displays. Promotion Services: CASTmyNFT actively promotes artists’ galleries, increasing visibility and potential sales. It offers promotional packages at the most affordable rates.
Artgence: While Artgence provides customisation services for galleries, it may not offer the same level of promotion and monetisation options as CASTmyNFT.
comprehended and appreciated on a deeper level. Free Subscription Model CASTmyNFT defies the norm in the market by providing a free subscription model, which is a rarity in an industry where expenses can often restrict creators. Every user can create a FREE 3D Gallery for their NFT artwork with just a few clicks. This inclusive strategy not only opens up opportunities for a wide range of artists but also guarantees that the platform will continue to be a
Why Does CASTmyNFT Stand Apart? CASTmyNFT is not just another platform in the expanding universe of NFTs; it is a pioneering endeavour that has redefined how NFT artworks are showcased and experienced. The core philosophy that drives CASTmyNFT is the belief that NFTs, akin to masterpieces in renowned art museums, should be vividly displayed, not confined to 2D digital wallets. Visual Depth and Immersion CASTmyNFT advocates for the use of immersive 3D galleries instead of ordinary and uninteresting flat displays. These galleries provide a lifelike experience of real-life art exhibitions, presenting each piece in a multidimensional and rich space.
hub of creativity and variety.
User-Centric Experience The platform isn’t just a gallery; it’s an interactive realm. Designed meticulously with users in mind, CASTmyNFT ensures both exhibitors and visitors have an intuitive and seamless engagement. Every click and every view is crafted for optimal user experience.
Bottom Line
Tailored Customisation for Artists CASTmyNFT doesn’t believe in a one-size-fits-all approach. Artists are provided with a canvas of customisation options, allowing them to mould their 3D galleries to reflect the essence and spirit of their work. This ensures that each gallery is as individualistic and unique as the art it showcases.
Its immersive 3D worlds bring NFTs to life, unlike any other platform.
Engagement Over Mere Visibility Visibility is promised by several platforms, but CASTmyNFT takes it a step further by ensuring engagement. The platform is designed to hold the viewer’s attention, with the aim of making sure that every artwork is not just viewed but also
Cryptonaire Weekly | November 14th 2023
In the expansive universe of digital art platforms, CASTmyNFT has etched its unique identity. It’s not just about hosting NFTs; it’s about revolutionising how they’re experienced, ensuring each piece is showcased in its full glory and depth.
After an intense battle between the top NFT gallery platforms, a clear victor emerges – CASTmyNFT. With its origin and sole focus on elevating NFT art exhibitions, CASTmyNFT leads the pack when it comes to innovation, customisation, user experience, and accessibility.
Additionally, CASTmyNFT offers bespoke gallery solutions tailored to each artist, along with a dedicated team providing round-the-clock support on all things NFT. While competitors like Oncyber, Artplacer, and Artgence have their strengths, they simply cannot match CASTmyNFT’s commitment to transforming how NFT art is showcased and engaged. As CASTmyNFT continues pushing boundaries, it solidifies its position as the premier destination for experiencing NFTs in their full splendour. The winner is clear – CASTmyNFT is leading the NFT gallery evolution.
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Swiss Financial Giant UBS Now Offers Crypto ETFs to Wealthy Clients in Hong Kong
U $32M vulnerability in Perpetual Protocol uncovered by Chainlight nets $10k in white hat rewards
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rypto security researchers have criticized the bounty rewards for being too low relative to the potential losses averted.
The vulnerability posed a severe threat to the DEX, placing the entire $32 million USDC held by the protocol at risk of being misappropriated.
Blockchain security firm Chainlight said it received a $10,000 bounty for uncovering a potential vulnerability that could have jeopardized $32 million in customer funds on Optimism-based decentralized exchange (DEX) Perpetual Protocol.
This flaw had the potential to allow bad actors to swiftly move the entire $32 million within a five-minute timeframe, leaving the protocol with insufficient time to deploy effective security measures.
In a Nov. 9 post on social media platform X (formerly Twitter), Chainlight detailed how it reported a critical bug in Perpetual Protocol’s “AccountBalance” contract last year. According to the firm, the contract is a pivotal component that “serves as the protocol’s brain for calculating position values.”
BS has reportedly begun offering wealthy clients access to some crypto exchange-traded funds (ETFs) in Hong Kong. Initially, the Swiss financial services giant is offering three crypto ETFs that have received regulatory approval from the Securities and Futures Commission. UBS Offering Crypto ETFs to Wealthy Clients UBS Group AG is allowing wealthy clients in Hong Kong to trade three crypto exchangetraded funds (ETFs) starting this Friday, Bloomberg reported, citing a person familiar with the matter. The three crypto ETFs have been authorized by Hong Kong’s Securities and Futures Commission (SFC). They are Samsung Bitcoin Futures Active ETF, CSOP Bitcoin Futures ETF, and CSOP Ether Futures ETF, the publi-
cation conveyed. UBS is additionally providing clients access to educational materials to enhance their understanding of the risks linked to crypto-related investments. Hong Kong introduced a new regulatory framework for crypto assets in June, permitting crypto exchanges to provide trading services to individuals and institutions upon acquiring appropriate licenses. According to the SFC rules, retail investors can trade major cryptocurrencies on licensed exchanges. The regulator currently allows futures-based crypto ETFs and is said to be evaluating the possibility of approving spot crypto ETFs. In June, the news outlet also reported that British megabank HSBC had begun offering the trading of crypto ETFs to customers in Hong Kong.
The white-hat hacker detailed that an attacker could manipulate asset prices through a pump-and-dump strategy, exploiting volatile price actions to place position orders outside the permissible range and immediately profit, resulting in the protocol’s bad debt.
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Introduction
How I Plan My Investments
The bull market is a beacon for opportunity, signalling the time to dive in for the greatest returns. As a trader at Platinum Crypto Academy, I’ve been navigating these waters with a mix of excitement and strategic foresight. With Bitcoin’s recent surge past critical resistance, I’m convinced we’re on the cusp of a market phase rich with potential. Here’s a look into my playbook for the coming 600 days, a period I’m convinced will be transformative for those ready to act.
My investment philosophy is built on a foundation of diversification and calculated risk. I divide my portfolio into two main categories: the majority stake and the speculative edge.
Understanding the Bull Market Dynamics The recent breakout of Bitcoin above its stubborn resistance level was a watershed moment for me. It was a signal loud and clear: the market’s entering a bullish phase that’s likely to reward the bold and the strategic. From my vantage point, we’re in the early stages of a cycle that’s set to redefine the earning potential in the crypto space.
The majority stake is where I play the long game, investing in a broad spectrum of cryptocurrencies that show strong fundamentals, technological innovation, and market position. This includes stalwarts like Bitcoin and Ethereum, as well as a selection of altcoins that are leading in their respective niches, such as DeFi, NFTs, and crosschain solutions. I’ve honed this diversified portfolio to be resilient, capable of weathering market volatility while still capitalizing on the general upward trend of the market. The speculative edge is where I get to be adventurous. It’s a smaller portion of my portfolio, reserved for high-risk, high reward plays. Here, I look for emerging projects with the potential to disrupt the industry, tokens that are undervalued, or those at the cusp of a breakout due to upcoming developments or partnerships. This segment is about timing and trendspotting, and it’s where I can potentially turn a modest investment into a windfall. I also keep a keen eye on liquidity and market
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sentiment, ready to pivot as the market ebbs and flows. This dynamic approach has already yielded a 60% return in a single month, and I’m just getting started.
The tool also includes a ‘watchlist’ feature, where I can track the performance of coins I own or am considering buying. This personalized touch means I don’t miss out on opportunities or get caught off guard by downturns in tokens that I have a stake in.
Banter Bubbles: My Secret Weapon In the arsenal of tools at my disposal, Banter Bubbles stands out as the ace up my sleeve. This innovative platform has transformed the way I analyse and act on market data. It’s not just about the raw numbers; it’s about the visualization of data that helps me process market trends briefly and make snap decisions that are critical in the volatile crypto market.
Another aspect of Banter Bubbles that enhances its utility is the integration of social media sentiment analysis. It’s fascinating to see how public opinion shapes market movements, and Banter Bubbles taps into this by analysing tweets, posts, and discussions across various platforms to gauge the mood surrounding a token. Lastly, the community feature within Banter Bubbles is like having a trading floor’s worth of expertise at my fingertips. I can join conversations, get insights, share analysis, and even pick up on the latest rumours that could affect a token’s price. It’s this blend of technology and community that makes Banter Bubbles an indispensable part of my daily trading routine.
The interface presents cryptocurrencies as bubbles that shift in size and colour based on their performance metrics. A green bubble swelling in size indicates a token’s price surge, while a shrinking red bubble signals a downturn. This visual shorthand allows me to quickly assess which tokens are gaining momentum or losing ground without getting bogged down in spreadsheets or charts. But Banter Bubbles isn’t just about pretty graphics; it’s a robust platform that aggregates data from various exchanges, providing a holistic view of the market. It tracks volume changes, price movements, and market sentiment, giving me a comprehensive understanding of where the money is flowing and why. This is crucial because in crypto, timing is everything. Catching a wave just as it starts can mean the difference between a modest gain and a major haul. Moreover, Banter Bubbles offers a feature that I find invaluable: the ability to filter tokens based on categories such as DeFi, NFTs, exchange tokens, and more. This means I can tailor the tool to my investment focus areas and watch how specific sectors perform. It’s like having a customizable market dashboard that aligns with my investment thesis.
Cryptonaire Weekly | November 14th 2023
In essence, Banter Bubbles is more than a tool—it’s a gateway to a more intuitive and strategic way of trading. It’s helped me to not just follow the market, but to anticipate it, which is why I consider it my secret weapon in the quest for crypto profits.
Identifying Breakouts: My Approach Spotting the early signs of a breakout is where the real thrill of trading comes alive for me. It’s a high-stakes, high-reward aspect of the crypto market that requires both intuition and a systematic approach. My method for identifying potential breakouts hinges on a mix of technical analysis, market sentiment, and the strategic use of Banter Bubbles. I start my day by scanning the market for unusual activity in trading volumes and price movements. A sudden spike in volume without a corresponding price change can often precede a breakout. I keep a close eye on these anomalies, as they may indicate that savvy investors are accumulating positions before a big move. Once I’ve identified a potential breakout candidate, I dive deeper into its technical indicators. I look for patterns that historically precede upward
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trends, such as the ‘cup and handle,’ ‘bull flag,’ or ‘ascending triangle’ formations. These patterns, while not foolproof, provide a framework for predicting possible future price action. However, technical patterns alone aren’t enough. The crypto market is heavily influenced by trader psychology and news. This is where Banter Bubbles gives me an edge. The platform’s sentiment analysis tools measure the buzz around specific coins, helping me gauge whether the market sentiment aligns with the technical signals I’m seeing. A positive sentiment with a bullish pattern can be a strong indicator of an impending breakout. I also pay attention to the broader market context. A token might be showing all the right signs, but if the overall market is bearish, it could suppress or delay the breakout. Conversely, a strong bull market can amplify the effects of what might otherwise be a minor move. Finally, I combine all this information with my own experience and knowledge. I’ve learned to recognize the hype cycles that can lead to overvaluations and to distinguish them from genuine growth potential. By applying a disciplined approach to breakout trading, I’ve been able to capitalize on several key trends and position my trades just ahead of major market movements.
Comparing Altcoin Performance to Bitcoin: My Strategy As an avid crypto trader, I’ve always found that while Bitcoin sets the market tone, altcoins are where the symphony of profits plays its sweetest tunes. My strategy for comparing altcoin performance to Bitcoin is a cornerstone of my trading philosophy, and it’s one that has served me well through various market cycles.
I begin with the macro view of market sentiment by analysing Bitcoin’s market dominance. This metric tells me what share of the total market cap is held by Bitcoin. A declining trend in Bitcoin dominance is often an indicator that altcoins are on the rise, suggesting a shift in investor interest towards the more speculative and diverse altcoin market. With this backdrop, I delve into the historical performance of altcoins relative to Bitcoin during both bull and bear markets. This analysis helps me identify which altcoins have resilience and growth potential, regardless of Bitcoin’s performance. I look for altcoins that have a history of gaining against Bitcoin when it’s in consolidation or even when it’s on a downtrend, as these may signal strength and investor confidence. But it’s not just about the numbers. I also consider the qualitative aspects of altcoins, such as technological advancements, project roadmaps, and the strength of the development team. For instance, an altcoin that is about to launch a new blockchain feature or partnership can be a candidate for outperformance if the market hasn’t fully priced in these developments. I also consider liquidity and trading volume as part of my strategy. An altcoin with growing trading volume against Bitcoin is showing signs of rising interest and potential price appreciation.
Conclusion As the crypto market continues to evolve, the strategies that once worked may no longer suffice. The bull market we’re navigating today is a testament to the dynamic and ever-changing nature of cryptocurrencies. My journey through this landscape has taught me that success is not just about having the right tools, such as Banter Bubbles, but also about the wisdom to use them effectively.
Bitcoin, the original cryptocurrency, is the sun around which the rest of the crypto market orbits. Its price movements are significant, but I’ve learned that the real opportunities often lie in the altcoins that can offer higher percentage gains due to their smaller market sizes and greater volatility. To capitalize on these opportunities, I’ve developed a strategy that allows me to measure the potential of altcoins against the steady tide of Bitcoin.
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The strategy I’ve shared is born out of years of chart analysis, market participation, and the continuous pursuit of knowledge. It’s a comprehensive approach that balances the excitement of speculative altcoin investments with the steadiness of Bitcoin’s growth. By comparing altcoin performance to Bitcoin, I’ve been able to identify potential before it becomes the talk of the market, and by recognizing breakout patterns, I’ve positioned myself to act swiftly and with confidence. But beyond the strategies and tools lies the core philosophy of my trading ethos: discipline, research, and community engagement are the pillars that support every decision I make. In the rush of the bull market, it’s easy to be swayed by the noise and chaos that come with soaring prices and volatility. However, I’ve found that grounding myself in a community of like-minded traders, staying informed about the latest developments, and adhering to a disciplined investment plan are what truly make a difference.
Cryptonaire Weekly | November 14th 2023
As we look ahead, the next 600 days are filled with potential. The market may present challenges, but for those who are prepared, it also offers unparalleled opportunities. I invite you to join me and the rest of the community at Platinum Crypto Academy as we continue to explore, learn, and profit from the crypto bull market. Whether you’re fine-tuning your current strategies or seeking new ones, remember that the time to act is now. The bull market waits for no one, and the strategies we deploy today will define our financial landscapes tomorrow. Let’s embrace the volatility, harness the momentum, and chart a course through this bull market with the tools and acumen to emerge more knowledgeable and, hopefully, more prosperous. Here’s to making informed decisions, taking calculated risks, and achieving the financial freedom that we all seek in the world of cryptocurrency trading.
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NFT Boom: CryptoPunks Collection Shines With 900% Trading Volume Increase
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he non-fungible token (NFT) industry has predominantly experienced a decline in trading activity since the beginning of the year, but the market appears to be currently undergoing a noteworthy and positive transformation. Based on on-chain data, one of the major collections that seems to be leading this recent surge is the CryptoPunk non-fungible tokens.
CryptoPunks, a series of 10,000 unique pixel art characters on the Ethereum blockchain, gained widespread acclaim and fervent collector attention for a few years after its inception. However, interest in the collection has been relatively low in the past few months, coinciding with the widespread downturn in the NFT market. Trading Volume Surge
Poloniex wallets drained of as much as $100 million in crypto assets
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he exchange’s major shareholder Justin Sun confirmed the “hack incident”
exchange Poloniex suffered unauthorized withdrawals beginning at around 5:30 am ET Friday.
Cryptocurrency
The withdrawals from
Cryptonaire Weekly | November 14th 2023
From $200,000 To $3,000,000 In One Week In recent weeks, the CryptoPunks collection has been garnering the attention of investors and collectors. According to data from blockchain analytics firm IntoTheBlock, there has been a substantial surge in the trading volume of the Cryptopunks NFT collection, escalating from $200,000 to well
over $3 million in the previous week.
Poloniex include millions of dollars worth of ether (ETH), tron (TRX) stablecoins (USDT/USDC) and chainlink (LINK), plus more than 250 other tokens with aggregate values between $1,000 to $800,000 at the time of the theft.
exploring opportunities for collaboration with other exchanges to facilitate the recovery of these funds,” Sun said.
A total of $23 million remains in the attacker’s primary wallet, but much of the haul has been transferred elsewhere, including $11 million in USDT, exchanged for ether. Security firm PeckShield first reported the suspicious transactions. Justin Sun, a major investor in Poloniex confirmed the incident on X: “Poloniex maintains a healthy financial position and will fully reimburse the affected funds. Additionally, we are
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The trading volume is a crucial metric that helps measure market interest, market activity, and liquidity of a non-fungible token collection. As such, high trading volumes often suggest rising liquidity and increasing demand for NFTs in a collection.
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Earlier, the exchange’s X account wrote, “our wallet has been disabled for maintenance,” but it subsequently reposted Sun’s account. On-chain data analytics platforms Nansen and Arkham Intelligence observed substantial net outflows from the exchange: Arkham, tracking the flow of funds, puts the loss at closer to $100 million, monitoring $31.8 million in ETH, $28.3 million in TRX and $13.8 million in BTC.
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Introduction The gaming sector stands out as a beacon of innovation and excitement in the crypto sector. As a seasoned trader at Platinum Crypto Academy, I’ve navigated through the tumultuous waves of market highs and lows, always with an eye towards the next frontier of growth. The crypto gaming sector, with its blend of technology and entertainment, has emerged as this frontier, promising not only to redefine the gaming industry but also to offer unprecedented opportunities for savvy investors. The bear market has been a crucible for development within the crypto space, a time when the most resilient projects double down on their vision and build the infrastructure for the future. It’s during these quieter times that the seeds of the next bull market are sown. For those paying attention, the signs of growth are already here, as evidenced by the burgeoning activity in blockchain gaming. This sector is not just surviving the bear market; it’s leveraging it as a catalyst for innovation and user adoption. The recent surge in interest around crypto gaming tokens is more than a fleeting trend; it’s a reflection of a deeper shift in the market’s infrastructure and investor sentiment. Projects that were once in their infancy during the last bull run have matured,
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delivering on their promises and cementing their place in the portfolios of forward-thinking traders. As we stand on the cusp of what many believe to be a burgeoning bull market, the question for investors like us at Platinum Crypto Academy isn’t just about which games will capture the public’s imagination, but which tokens will redefine the economic landscape of gaming. In this article, I’ll share my insights into the current state of the crypto gaming market, drawing on my experience to highlight the opportunities that lie ahead. We’ll look at the market dynamics of leading platforms like Solana, the strategic partnerships shaping the future of gaming tokens, and how to manage risk in a market that’s as volatile as it is lucrative. Join me as we explore the strategies that can help us capitalize on the next wave of crypto gaming and turn a period of market consolidation into a launchpad for success.
Solana’s Market Dynamics: Solana’s recent market dynamics offer a fascinating case study in the interplay between technological innovation and market sentiment. As a digital asset that has surpassed Ethereum in daily active addresses, Solana is demonstrating a remarkable resurgence that speaks volumes about its growing ecosystem. This metric is a vital sign of life and
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activity within a blockchain network, and for Solana, it suggests a robust and engaged community that’s actively building and transacting, despite the broader market’s downturns. The significance of Solana’s flip of Ethereum is multifaceted. On one hand, it reflects the technical strides Solana has made in terms of scalability and speed, addressing some of the most pressing issues faced by Ethereum users. On the other, it underscores the narrative potential of Solana as a platform not just for DeFi and NFTs, but as a burgeoning hub for gaming and other highthroughput applications. This narrative is crucial because it drives the network’s utility and, by extension, its value. Price, as always, plays a critical role in shaping this narrative. The increase in Solana’s price has a psychological effect on the market, creating a wealth effect that encourages more investment and participation in the network. This is the virtuous cycle of growth that every blockchain aspires to achieve: as the price increases, so does the network’s use, which in turn drives further price appreciation. It’s a self-reinforcing loop that can lead to sustained growth and stability for the cryptocurrency. However, it’s important to approach this data with a nuanced understanding. While Solana’s overtaking of Ethereum in daily active addresses is a bullish signal, it’s also necessary to consider the broader context. The crypto market is notoriously volatile, and such metrics can fluctuate widely in short periods. Moreover, the increase in on-chain activity must be weighed against the overall market conditions, including investor sentiment, global economic factors, and the competitive landscape. As a trader, I watch these developments closely, not only for the immediate trading opportunities they present but also for the long-term implications they have for portfolio construction. Solana’s performance is a beacon for where the market is heading, and it provides key insights into how blockchain technology is being adopted at scale. It’s a reminder that, even in a bear market, there are pockets of growth and innovation that, if invested in wisely, can yield significant returns.
Cryptonaire Weekly | November 14th 2023
The Superiority of Current Assets Over Past Valuations: The current landscape of cryptocurrency assets, particularly within the gaming sector, presents a compelling case for the discerning investor. As we examine the market today, we find that many altcoins, including stalwarts like Solana and Chainlink, are not just surviving but thriving, having significantly advanced in both technology and market positioning since their all-time highs during the last bull market. This advancement suggests a maturation of assets that goes beyond speculative value to offer real, tangible utility. When Solana and Chainlink reached their peak valuations, they were largely propelled by the speculative fever of a market caught in the throes of a bull run. However, since then, these projects have not rested on their laurels. Solana has made significant headway in addressing the blockchain trilemma of achieving scalability, security, and decentralization. With its proof-of-history consensus mechanism, it has successfully reduced transaction times and costs, making it an attractive platform for developers and users alike. Chainlink, on the other hand, has cemented its position as the de facto oracle solution for smart contracts, expanding its ecosystem to include a multitude of blockchains and securing partnerships with key industry players. Its technology has become more robust, its network more secure, and its use cases more diverse, ranging from DeFi to weather prediction markets. This technological superiority is not reflected in the current valuations of these assets, which remain subdued due to the bear market conditions. However, for an investor with a keen eye on the intrinsic value of assets, this presents an opportunity. The lower prices may not be indicative of the projects’ current strengths and future potential but rather a temporary market sentiment that overlooks the substantial progress made. The investment thesis, therefore, shifts from a purely speculative play to a more value-driven approach. The question is no longer “What will the price of this token be tomorrow?” but “What is the true value of this token given its current and future
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utility?” This is a sophisticated and, arguably, a more sustainable approach to investment, particularly in a market as nascent and volatile as cryptocurrency. Moreover, the superior technology and partnerships that these projects now boast create a stronger foundation for growth when the market sentiment turns bullish again. It’s a case of the market catching up to the technology, not the other way around. As such, current valuations offer a unique entry point for investors who understand the long-term vision and potential of these projects.
As an investor in Illuvium, my anticipation for this partnership’s impact is high. The integration with Epic Games’ platform is a monumental step for Illuvium, potentially exposing the game to Epic’s user base of over 180 million players. This exposure is not merely about scaling a user base but about pioneering the adoption of blockchain within a community that values innovation and quality in gaming.
In essence, the superiority of current assets over past valuations lies in their proven track record, their resilience in the face of market adversity, and their continued innovation. For those of us who are in it for the long haul, these are the attributes that define a worthy investment, and they are what I base my trading decisions on at Platinum Crypto Academy.
Illuvium and Epic Games Partnership: The strategic alliance between Illuvium, an emerging force in the blockchain gaming arena, and Epic Games, a powerhouse in the gaming industry, marks a pivotal moment for the intersection of gaming and blockchain technology. This partnership is set to introduce blockchain’s potential to a mainstream gaming audience, leveraging Epic Games’ vast reach and Illuvium’s innovative gameplay to potentially redefine the gaming market.
Epic Games is renowned for its development of cutting-edge games through its Unreal Engine, which has set industry standards for visual fidelity and immersive gameplay. The collaboration with Illuvium brings the promise of blockchain technology into this high-quality gaming environment, offering a glimpse into the future where gaming experiences are enhanced by the benefits of decentralized technologies.
Cryptonaire Weekly | November 14th 2023
The partnership is a significant endorsement of the play-to-earn model and the unique advantages blockchain offers, such as true digital ownership, transparent gaming economies, and new avenues for player earnings. For Illuvium, this means not just an expansion in terms of player numbers but also an opportunity to set a new standard in how games are played and valued. From a market perspective, this partnership is a bullish signal for Illuvium’s token. It reflects a strong belief in the project’s future and its role in shaping the crypto gaming landscape. For those of us in the trading community, it represents a potential investment opportunity with a view toward the long-term growth of blockchain gaming. Despite the excitement, it’s crucial to approach such investments with a balanced perspective. The success of Illuvium’s integration with Epic Games will hinge on the game’s ability to resonate with a broad
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audience, the execution of blockchain integration, and the maintenance of gameplay quality that meets the high standards of today’s gamers. As with any venture in the volatile realm of cryptocurrency, thorough research and a keen understanding of the project’s development are paramount.
The gaming industry demands robust and scalable infrastructure to support the complex interactions and economies of modern games. Traditional blockchains can struggle under the weight of such demands, leading to congestion, high fees, and slow transaction times. Avalanche’s subnets provide a solution to these challenges by enabling developers to create dedicated networks with their own rules, validators, and fee structures. By leveraging subnets, gaming platforms on Avalanche can optimize their performance without being hindered by the activity on the main blockchain. This means that games can run smoothly, even at scale, and maintain a high level of performance that gamers expect. For developers, this translates into the freedom to innovate without worrying about underlying infrastructure limitations.
In sum, the Illuvium and Epic Games partnership is a watershed event that could significantly influence the trajectory of crypto gaming. It underscores the sector’s maturation and the increasing acceptance of blockchain’s role in gaming’s future. As an investor and a participant in the crypto trading space, I am watching this development with great interest and optimism for what it will bring to the industry. The partnership is not just a step forward for Illuvium but a leap for blockchain gaming, promising to unlock new possibilities for players and investors alike.
The use of subnets also addresses a critical concern in blockchain gaming: scalability. As games attract more players and generate more transactions, the underlying blockchain must be able to keep up. Avalanche’s subnets are designed to scale horizontally, meaning that as the demand on a game’s subnet increases, it can expand its capacity accordingly without affecting other networks or the primary Avalanche chain.
Top of Form
Avalanche’s Gaming Push with Subnets: Avalanche’s introduction of subnets has been a game-changer for the blockchain gaming industry. Subnets allow for the creation of bespoke blockchains tailored to the specific needs of a project or community, offering a level of customization that is unparalleled in the space. This innovation is particularly significant for gaming applications, which often require high throughput and low latency to provide a seamless user experience.
Cryptonaire Weekly | November 14th 2023
From an investment standpoint, the ability to create subnets is a compelling reason to consider the Avalanche platform for gaming-related projects. It indicates a forward-thinking approach to blockchain development, one that prioritizes the user experience and the specific needs of the gaming community. This focus on customization and performance is likely to attract a new wave of developers to the Avalanche ecosystem, which could, in turn, drive up the value of AVAX, the native token of Avalanche.
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My personal investment in Merit Circle, a decentralized autonomous organization (DAO) focused on maximizing yield across play-toearn games, is a strategic move based on the potential I see in Avalanche’s gaming subnets. Merit Circle stands to benefit from the scalability and customizability offered by Avalanche, positioning it well to capitalize on the growth of the gaming sector within the blockchain space.
Conclusion: The crypto gaming sector is ripe with potential but navigating it requires a blend of enthusiasm
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for new technology and a cautious approach to investment. As we potentially enter a new bull market, focusing on projects that have shown resilience and growth during the bear market is crucial. The improved technological foundations and partnership ecosystems of current gaming tokens provide a solid basis for investment decisions. I invite you to join the conversation and share your insights on crypto gaming investments. Stay updated with the latest trends and market analysis by following Platinum Crypto Academy. Together, let’s unlock the full potential of crypto gaming and turn these digital playgrounds into landscapes of profit.
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JPMorgan Launches Live Programmable Payments With JPM Coin, Siemens, FedEx Become Early Adopters
B Marathon Digital Launches Paraguay Bitcoin Mining Project Powered by Hydro Energy
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he project aims to help Paraguay monetize its excess energy without the need for expensive transmission lines and additional infrastructure. Bitcoin miner Marathon Digital has continued its international expansion by launching a 27-megawatt Bitcoin mining project powered by renewable hydro energy near Paraguay’s Itaipu Dam. According to a press release, Marathon Digital launched the project in partnership with Penguin Infrastructure Holding, which aims to transform energy into human potential in Paraguay. The project’s first miners are already on site and are being prepared for installation and energization.
Commenting on the new feat, Marathon’s chairman and CEO, Fred Thiel, said: “After proving that we can successfully deploy internationally with our project in Abu Dhabi, we are continuing to expand into new markets with excess or stranded energy. This project is our second international deployment and marks our first into Latin America.” Marathon Digital Announces Second International Deployment Marathon and Penguin will run the project in two stages, bringing 1.1 EH/s of Marathon’s miners online. The first is expected to conclude in November, with seven megawatts powering approximately 0.3 EH/s of Marathon’s miners.
anking firm JPMorgan has rolled out a programmable payment feature for institutional users of its blockchain-powered payment system, JPM coin. The announcement, made on November 10 through a press release, details how
This payment functionality enables users to customize rules for funding a bank account in the event of an overdue payment or executing payments like margin calls.
The feature now available to the general public will pave the way for real-time, automated, and customizable payment operations and revolutionize how transactions are processed.
Naveen Mallela, the head of Coin Systems at Onyx, a JPMorgan subsidiary, highlighted the importance of programmability as a key driver for the sustainability of digital assets.
This development is particularly noteworthy at a time when digital currencies and tokenized fiat are experiencing significant growth.
She emphasized that the latest service will enable users of the JPM coin to automate transactions based on preset rules and avert the requirement for manual checks.
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Cryptonaire Weekly | November 14th 2023
clients can utilize the new system to program payments for various financial operations.
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As Binance Launches Web3 Wallet, Is a $300 BNB Token Price Within Reach?
Blackrock Files to Launch Ethereum Trust ETF on Nasdaq, Eyes Spot Crypto Market Entry
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aolo Ardoino has already acted as the face of the stablecoin giant for years.
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he BNB token price broke out from a long-term descending resistance trend line but failed to move above the $260 resistance area. The daily time frame Relative Strength Index (RSI) supports the ongoing increase, since its bullish divergence trend line is intact. Despite the bullish BNB token price prediction, failure to break out from the $260 resistance area can lead to a significant decrease. Binance announced the launch of a new wallet on Nov. 11, but the BNB token price has fallen slightly since. The first attempt at breaking out from the $260 area was unsuccessful. Will the second one be different?
BNB Breaks out From Resistance The technical analysis from the daily time frame shows that the BNB token price has fallen under a descending resistance trend line since April. The decrease led to a low of $202 on Oct. 9. The price has increased considerably since. It broke out from the descending resistance trend line on Oct. 15, culminating with a high of $258 on Nov. 10. At the time of the breakout, the trend line had been in place for 182 days.
In a significant development for cryptocurrency investment vehicles, Blackrock Inc., through its subsidiary Ishares Delaware Trust Sponsor LLC, has filed a 19b-4 form with the U.S. Securities and Exchange Commission (SEC) to list shares of the Ishares Ethereum Trust on the Nasdaq. Blackrock Dives Deeper Into Crypto With Ethereum ETF Plan Amid Regulatory Clarity After registering its Ishares Ethereum Trust with the Division of Corporations in Delaware, the world’s largest asset manager submitted a 19b-4 registration to the U.S. securities regulator.
There was some positive Binance news last week. On Nov. 11, Binance launched the Binance Web3 Wallet. This secure, self-custodial crypto wallet is integrated with the Binance app.
The proposed Ishares Ethereum Trust will issue shares that represent fractional, undivided beneficial interests in the trust’s net assets, consisting mainly of ethereum held by the Coinbase Custody Trust Company. The filing indicates that the ETF is intended to offer investment exposure to the price of ethereum through the securities market, avoiding the operational challenges of investing directly in cryptocurrency assets.
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Cryptonaire Weekly | November 14th 2023
The initiative could provide U.S. investors with a regulated spot exchange-traded fund (ETF) to track the price of ethereum (ETH). The trust is designed to mirror the performance of ethereum’s price, accounting for expenses and liabilities.
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Massive Partnership for Cardano (ADA) Proposed by Charles Hoskinson
C
harles Hoskinson urged Kraken to join hands with Cardano in its efforts to introduce a layer-2 blockchain network.
Michael Saylor’s Massive Bitcoin Bet Crosses $1B in Unrealized Profit
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aylor’s business software company, MicroStrategy, held more than 158,000 bitcoins as of Friday. The surging price of bitcoin (BTC) has pushed the asset’s largest public holder, business software company MicroStrategy (MSTR), to unrealized gains of over $1.1 billion, 25% more than their cumulative investment. Bitcoin holdings at the company founded by Executive Chairman Michael Saylor, who often tweets his support for the largest cryptocurrency, reached $5.7 billion late on Thursday as the price crossed $37,000 for the first time since May 2022. The company holds over 158,000 bitcoins, a position it acquired over a three-year period by investing company
Potential CardanoKraken Partnership: Charles Hoskinson of Cardano proposed a collaboration with Kraken to develop a layer-2 blockchain network.
Coinbase’s Layer-2 Network: Coinbase has launched Base, its layer2 network for decentralized app development. ADA’s Price Outlook: ADA’s price has recently approached $0.40, with predictions suggesting a rise to between $10 and $30 by the end of 2024, influenced by global market trends.
funds and proceeds from bond sales. The value of the holdings is now equal to over 80% of MicroStrategy’s $7.1 billion stock market capitalization. The cost for these holdings is a cumulative $4.6 billion, data from Bitcoin Treasuries show. That's more than 10 times larger than the next biggest institutional holder, bitcoin miner Marathon Digital, which has 13,000 bitcoins worth $500 million at current prices. MicroStrategy’s most recent publicly known purchases came in the weeks ahead of Sept. 24, when it added 5,445 bitcoins for just under $150 million, or an average price of $27,053 each.
Cryptonaire Weekly | November 14th 2023
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Cardano’s Potential Partnership The founder of Cardano – Charles Hoskinson – recently took it to X (Twitter) to offer a potential collaboration between his organization and the cryptocurrency exchange Kraken. Specifically, he wants the two entities to build a mutual layer-2 blockchain network. Hoskinson’s comments came a few days after Kraken displayed its intentions to work with leading companies to establish its own L2 solution.
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One cryptocurrency exchange that has already launched such a network is Coinbase. Dubbed Base, it enables developers to build decentralized applications (dApps) with access to the platform’s verified users and assets. Is ADA Poised for a Rally? Cardano’s native token – ADA – has been among the best-performing cryptocurrencies lately, reaching nearly $0.40 (per CoinGecko’s data) last week.
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Cryptonaire Weekly | November 14th 2023
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