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DDCT #93 - 12/14/2021 (NFTs explained: Why people are spending millions of dollars on JPEGs)
#Bitcoin #NFT #alltimelow
I'd like to welcome everyone to my new PODCAST
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://cointelegraph.com/news/small-ethereum-investors-increase-exposure-as-eth-loses-4k-level
Small Ethereum investors increase exposure as ETH loses $4K level
Ethereum's native token Ether (ETH) has dropped by over 18% after establishing an all-time high around $4,867 on Nov. 10, now trading near $3,900. Nonetheless, the plunge has not deterred retail investors from buying the token in small quantities.
According to data gathered by Glassnode — a blockchain analytics platform, the number of Ether addresses holding less than or equal to 0.01 ETH reached a record high level of 19.95 million on Dec. 4, the day ETH dropped to as low as $3,575 (data from Coinbase).
https://ambcrypto.com/2022-might-see-doge-shib-fall-but-the-real-winners-will-be/
2022 might see DOGE, SHIB fall, but the real winners will be…
As 2021 comes to a close, certain crypto-themes are expected to gather momentum and steam in 2022. According to Messari’s latest report, in fact,
“Crypto, or the recently en vogue ‘Web3’, is an unstoppable force in the long-term.”
Metaverse and Web3
Economist Natasha Che agrees, with Che recently opining that “mass adoption of web 3 tech is only starting.” Institutions are going big on Web3 services and the Metaverse space. According to another report, SK Square Co., the investment arm of Korea’s oldest conglomerate, is accelerating in the sector. A statement made by Managing Director Huh Seok-joon suggested,
“Our business needs to evolve into the metaverse.”
https://www.dmarge.com/2021/12/bitcoin-mining-milestone.html
Bitcoin Crashes Through ‘Point Of No Return’ Milestone
The supply of total Bitcoins in circulation is capped at 21 million, and we have now hit 18.8999 million Bitcoin currently circulating on the network, as of Monday morning, according to Blockchain.com. This is 90% of all Bitcoins.
The very first Bitcoins were mined on January the 9th, 2009. That means it has taken twelve years for Bitcoin miners to hit the 90% mark.
https://www.fool.com/investing/2021/12/13/why-the-3-biggest-cryptocurrencies-bitcoin-ethereu/?source=isafpbcs0000001&utm_source=flipboard&utm_medium=feed&utm_campaign=firehose
Why the 3 Biggest Cryptocurrencies Bitcoin, Ethereum, and Binance Coin Plunged Today
When the big dogs lead the way, others follow.
What happened
Today's price action in the wide world of cryptocurrencies has been broadly negative. Indeed, when the three largest tokens by market capitalization -- Bitcoin ( BTC -6.17% ), Ethereum ( ETH -7.96% ) and Binance Coin ( BNB ) -- are all down, the market tends to follow suit.
Over the past 24 hours, these large-cap tokens each lost 3.5%, 3%, and 5.1%, respectively, as of 9:30 a.m. ET. Unsurprisingly, the overall crypto market was down 3.6% over the past day, driven largely by these moves.
https://www.cnet.com/news/nfts-explained-why-people-are-spending-millions-of-dollars-on-jpegs/
NFTs explained: Why people are spending millions of dollars on JPEGs
What, if anything, could convince you the image above is worth $9 million?
What you're looking at is an NFT, one of the first ever created. It's part of the CryptoPunks collection, a set of 10,000 NFTs released in 2017, a time when much of the world was still finding out what bitcoin is.
Most likely you've already rolled your eyes, either at the $9 million figure or at the very idea of NFTs themselves. The response to nonfungible tokens hasn't changed much since March when they first started exploding. The public at large has reflexively dismissed them as environmentally harmful scams. The bigger the sale, the more brazen the injustice.
https://alternative.me/crypto/fear-and-greed-index/
https://coinmarketcap.com/
Please subscribe, like, and share so that more and more people can view this content.
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
Support this podcast at — https://redcircle.com/daves-daily-crypto-take/donations
View all episodes
By Dave D#Bitcoin #NFT #alltimelow
I'd like to welcome everyone to my new PODCAST
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://cointelegraph.com/news/small-ethereum-investors-increase-exposure-as-eth-loses-4k-level
Small Ethereum investors increase exposure as ETH loses $4K level
Ethereum's native token Ether (ETH) has dropped by over 18% after establishing an all-time high around $4,867 on Nov. 10, now trading near $3,900. Nonetheless, the plunge has not deterred retail investors from buying the token in small quantities.
According to data gathered by Glassnode — a blockchain analytics platform, the number of Ether addresses holding less than or equal to 0.01 ETH reached a record high level of 19.95 million on Dec. 4, the day ETH dropped to as low as $3,575 (data from Coinbase).
https://ambcrypto.com/2022-might-see-doge-shib-fall-but-the-real-winners-will-be/
2022 might see DOGE, SHIB fall, but the real winners will be…
As 2021 comes to a close, certain crypto-themes are expected to gather momentum and steam in 2022. According to Messari’s latest report, in fact,
“Crypto, or the recently en vogue ‘Web3’, is an unstoppable force in the long-term.”
Metaverse and Web3
Economist Natasha Che agrees, with Che recently opining that “mass adoption of web 3 tech is only starting.” Institutions are going big on Web3 services and the Metaverse space. According to another report, SK Square Co., the investment arm of Korea’s oldest conglomerate, is accelerating in the sector. A statement made by Managing Director Huh Seok-joon suggested,
“Our business needs to evolve into the metaverse.”
https://www.dmarge.com/2021/12/bitcoin-mining-milestone.html
Bitcoin Crashes Through ‘Point Of No Return’ Milestone
The supply of total Bitcoins in circulation is capped at 21 million, and we have now hit 18.8999 million Bitcoin currently circulating on the network, as of Monday morning, according to Blockchain.com. This is 90% of all Bitcoins.
The very first Bitcoins were mined on January the 9th, 2009. That means it has taken twelve years for Bitcoin miners to hit the 90% mark.
https://www.fool.com/investing/2021/12/13/why-the-3-biggest-cryptocurrencies-bitcoin-ethereu/?source=isafpbcs0000001&utm_source=flipboard&utm_medium=feed&utm_campaign=firehose
Why the 3 Biggest Cryptocurrencies Bitcoin, Ethereum, and Binance Coin Plunged Today
When the big dogs lead the way, others follow.
What happened
Today's price action in the wide world of cryptocurrencies has been broadly negative. Indeed, when the three largest tokens by market capitalization -- Bitcoin ( BTC -6.17% ), Ethereum ( ETH -7.96% ) and Binance Coin ( BNB ) -- are all down, the market tends to follow suit.
Over the past 24 hours, these large-cap tokens each lost 3.5%, 3%, and 5.1%, respectively, as of 9:30 a.m. ET. Unsurprisingly, the overall crypto market was down 3.6% over the past day, driven largely by these moves.
https://www.cnet.com/news/nfts-explained-why-people-are-spending-millions-of-dollars-on-jpegs/
NFTs explained: Why people are spending millions of dollars on JPEGs
What, if anything, could convince you the image above is worth $9 million?
What you're looking at is an NFT, one of the first ever created. It's part of the CryptoPunks collection, a set of 10,000 NFTs released in 2017, a time when much of the world was still finding out what bitcoin is.
Most likely you've already rolled your eyes, either at the $9 million figure or at the very idea of NFTs themselves. The response to nonfungible tokens hasn't changed much since March when they first started exploding. The public at large has reflexively dismissed them as environmentally harmful scams. The bigger the sale, the more brazen the injustice.
https://alternative.me/crypto/fear-and-greed-index/
https://coinmarketcap.com/
Please subscribe, like, and share so that more and more people can view this content.
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
Support this podcast at — https://redcircle.com/daves-daily-crypto-take/donations