Dave's Daily Crypto Take

DDCT #82 - 11/16/2021 (How Four NFT Novices Created a Billion-Dollar Ecosystem of Cartoon Apes)


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#Bitcoin #BoredApes #NFT


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Dave's Daily Crypto Take


In this channel I will be providing you with news on a daily basis about cryptocurrency, bitcoin, blockchain, FIAT.


My main purpose is to share UNBIASED news and updates. Ultimately I learn and hopefully you learn while I go on this journey.


ARTICLES used in today's video:


https://www.gobankingrates.com/investing/crypto/what-is-the-next-big-cryptocurrency/


What Is the Next Big Cryptocurrency To Explode in 2021?


Cryptocurrency might have started out as a Wild West of investing dominated by mavericks, but it’s now firmly in the financial mainstream. Institutional investors and big banks treat it as a serious asset, even during a year marked by volatility and regulatory crackdowns in China and elsewhere.


If you need evidence of how volatile, consider this: As of late September, the world’s largest crypto, Bitcoin, had seen its price range from a 52-week high of nearly $65,000 to a 52-week low of less than $10,400.


Despite that volatility, many crypto investors remain on the lookout for the next big payoff. Keep reading to learn which cryptocurrencies might explode soon.


https://www.benzinga.com/markets/cryptocurrency/21/11/24104985/entrepreneur-hai-dinho-shares-how-he-is-garnering-12-000-shiba-inu-tokens-daily-from-an-ol


Entrepreneur Hai Dinho Shares How He Is Garnering 12,000 Shiba Inu Tokens Daily From An Old Laptop


Cryptocurrency mining is something that has been around for years. For most retail investors, buying and selling a coin is the only way to profit in the world of decentralized finance. Well, entrepreneur Hai Dinho thinks differently. Crypto mining is the process of validating equations within a pool of other miners, and with each validation processed by the computer you get rewarded with cryptocurrency. This form of mining is called “proof of work” but in the world of DeFi there are countless ways of contributing to the blockchains for rewards such as “proof of coverage” and “proof of stake” which each has its pros and cons.


Hai Dinho told Benzinga about his crypto mining journey. During the pandemic, he built a 12 GPU mining farm, acquired 11 helium hotspot miners (proof of coverage), began KDA Mining with an ASIC (a small computer device that is solely for mining cryptocurrency), and staked cryptocurrencies on proof of stake networks. Hai Dinho built an audience on the social media platform TikTok and has a loyal crypto mining community behind him. Despite crypto regulations with the FEDs, entrepreneur Hai Dinho figured out how to transform crypto mining into a business under one of his LLCs.


https://bitcoinist.com/anthony-scaramucci-urges-investors-to-buy-bitcoin-says-its-headed-for-500k/


Anthony Scaramucci Urges Investors To Buy Bitcoin, Says It’s Headed For $500K


Skybridge Capital’s Anthony Scaramucci is once again making waves in the bitcoin market. This time, with the predicted value of bitcoin which he put at one of the highest ever seen in the space. For Scaramucci, investing in bitcoin has been a no-brainer, taking both a personal and corporate stake in the digital asset. However, now, the CEO is talking to investors across the sphere.


Buy Bitcoin Now

Scaramucci has urged investors to purchase bitcoin despite its current price which is deemed to be on the high side. He explains that bitcoin is barely at its peak. Thus, making this a perfect time for investors to get into the digital asset. Scaramucci explained that getting into bitcoin is a need, opining that even investors who buy at the current prices are still very early, stating, “I still believe we are very, very early.”


https://finbold.com/cardano-records-2x-higher-transaction-volume-than-ethereum-ranks-2nd-most-active-chain/


Cardano records 2x higher transaction volume than Ethereum, ranks 2nd most active chain


The ongoing Cardano network development appears to be yielding results, with the cryptocurrency emerging among the top active chains over the last 24 hours as of November 15th.


Over the period, Cardano recorded $18.24 billion in transaction volume to rank in the second spot behind Bitcoin, according to data provided by Cardano Daily.


The number one-ranked cryptocurrency recorded a volume of $21.67 billion. Interestingly, Cardano’s volume was double compared to third-placed Ethereum’s $9.31 billion. Bitcoin Cash ranks fourth at $4.5 billion, with Litecoin emerging fifth at $3.4 billion.


https://www.rollingstone.com/culture/culture-news/bayc-bored-ape-yacht-club-nft-interview-1250461/


How Four NFT Novices Created a Billion-Dollar Ecosystem of Cartoon Apes


Just last year, the four thirtysomethings behind Bored Ape Yacht Club — a collection of 10,000 NFTs, which house cartoon primates and unlock the virtual world they live in — were living modest lifestyles and working day jobs as they fiddled with creative projects on the side. Now, they’re multimillionaires who made it big off edgy, haphazardly constructed art pieces that also act as membership cards to a decentralized community of madcaps. What’s more punk rock than that?


The phenomenal nature of it all has to do with the recent appearance, all over the internet, of images of grungy apes with unimpressed expressions on their faces and human clothes on their sometimes-multicolored, sometimes-metal bodies. Most of the apes look like characters one might see in a comic about hipsters in Williamsburg — some are smoking and some have pizza hanging from their lips, while others don leather jackets, beanies, and grills. 


https://alternative.me/crypto/fear-and-greed-index/


https://coinmarketcap.com/


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DISCLAIMER: I will never give any financial advice. And my channel is not considered official Financial Advice. Please do your research before purchasing any cryptocurrency.


Thank you very much


Dave



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Dave's Daily Crypto TakeBy Dave D