To try and mimic this process in younger trees, Ancients of the Future is growing heart-rot fungi on blocks ofkusama price prediction 2023 wood in the lab, inserting the blocks into holes cut in young trees and recovering them with bark. They are left that way for a few years, then the blocks are removed to see if the fungi have taken hold inside the tree.
And speaking on BBC Two's Newsnight programme on Monday, ethereum price prediction calculatorthe former Brexit Secretary, David Davis, warned there was a risk of a "cost of living crisis" for new Tory voters such as "the plumber, the bricklayer, the lorry driver".He said his advice to Chancellor Rishi Sunak would be: "You think hard about the ordinary family's take-home pay and what they have to buy with it, because that will be a dictator of how people feel going in to the new year."
Stacey Stothard followed all the advice. Aware that energy prices were rising, she shopped around to find a decent fixed deal for her gas and electricity.She saved £300 - or so she thought.Her new energy supplier went bust and now she will be switched automatically to another one, and she is facing much higher bills, potentially amounting to hundreds of pounds more a year."It is just like watching the meter go up and up," she says. "I did the right thing - not going for the cheapest deal, but choosing a company with a decent customer service record."Asian stocks were mixed on Tuesday as concerns persisted over Chinese property group Evergrande and its impact on the global markets.
Japan's Nikkei 225 index closed 2.2% lower, but Hong Kong's Hang Seng index regained earlier losses to end up 0.5%.There are concerns that Evergrande - a major Chinese property developer - is struggling to meet interest payments on more than $300bn of debts.The burn feature means that ETH now has a Bitcoin halving-esque supply constriction mechanism. The yearly inflation (money supply) growth rate is set to reduce significantly and gives ETH more appeal as a buy and hold asset.
The design of the burn mechanism means that as the transaction demand of Ethereum increases, more ETH is taken out of circulation. So if demand increases, the new supply decreases, and these two tailwinds should push the price of ETH higher. The biggest driver of demand to use Ethereum in the last week has been the booming Non-Fungible-Token (NFT) market. OpenSea, the biggest marketplace for Ethereum-based NFTs, is the largest user of gas on the network. Other NFT projects driving gas usage include Trash Pandas and the Lucky Buddha Club.Bitcoin had a strong Sunday on the back of global stagflation concerns. The market is bullish on macro hedge investments and with large outflows of US government debt now occurring, money is flowing into risk assets. Tech stocks and Bitcoin have both surged as a result.Stagflation occurs when growth is slow but inflation is high. In this environment, even aggressive monetary policy can be ineffective in stimulating economic activity. Last month saw the U.S. create the fewest new jobs in seven months. Job creation in the United States is drying up due to a new rise in COVID19 infections. Sectors that have been especially hard hit include leisure and hospitality.This macro-environment appears ideal for Bitcoin, and the wider crypto-asset space, to achieve further gains as more investors search for yield and hedging opportunities.
Trading set-ups for the weekPro trader Josh Olszewicz explores trading options and signals for BTC and ETH - and lays out the trading setups he's watching for the upcoming week. Start your week off right with Josh's thoughts on trading strategies on a weekly basis.
Crypto news for the week aheadSeptember 7th - Basic Attention Token Community callA community call will be held this week for the ever-popular BAT token and Brave browser communities. The number of Brave users has just crossed the 36 million mark and the platform now has over 1.2 million users. The price of BAT is up ~18% in the last 7 days.September 12th - Alonzo hard fork
The third-largest asset in crypto is set to implement smart contracts to its mainnet as part of the upcoming Alonzo hard fork. After a four-year wait, developers will finally be able to build dapps and programs on the chain. There are, however, concerns around the efficacy of Cardano’s UTXO model. A testnet AMM designed for high throughput dapps struggled to handle transaction demand. Cardano (ADA) is up ~2% and is up ~107% in the last 30 days.Top 10 Crypto SummaryIt was a bumper week for large-cap assets on the Brave New Coin market cap table with many assets enjoying double-digit gains. Solana rose another spot on the table, from 7th to 8th, and is up ~46% in the last seven days. Pyth went live on Solana a week ago. Pyth Network is a decentralized, cross-chain data oracle that is set to make dapp building easier by creating a funnel for real-time market data to DeFi applications.Bitcoin surged past the US$51,000 price level this week and looks primed to rise higher. Glassnode reports that long term holders continue to accumulate BTC. At present, the majority of on-chain volume represents coins that have moved in the last month. That means older coins are staying put with the hands of long-term investors. Glassnode suggests that this is a bullish indicator.
What's a CryptoPunk and why are CryptoPunks so valuable? We look at the trends driving the booming NFT market - and ask what happens next?Non-Fungible-Tokens are crypto’s hottest investment space so far in 2021, with millions in trades and rare works like Beeple’s EVERYDAYS: THE FIRST 5000 DAYS, selling at a Christie’s auction in March for $69,346,250 - setting the record for the most expensive NFT ever sold.
As the NFT market continues to explode, the nascent sector was given further legitimacy this week with an announcement that CryptoPunks are going Hollywood.The Hollywood Reporter reports that the CryptoPunks NFT project has signed with United Talent Agency for representation across film, TV, video games, publishing, and licensing. The UTA will also represent Meebits and Autoglyphs, two other NFT projects created by Larva Labs.
It means that CryptoPunks will be the first example of blockchain-based IP to make the jump to more traditional forms of content.The news follows last week's announcement that Visa had purchased a CryptoPunk NFT.Visa purchased CryptoPunk #7610 on August 18 for 49.5 ETH, valued at approximately $150,000.“We think NFTs will play an important role in the future of retail, social media, entertainment, and commerce,” said Cuy Sheffield, Visa’s head of crypto, in a company blog post. Visa wanted to “signal our support” for people involved in the NFT market, Sheffield said.This week the sales volumes of CryptoPunks topped $150 million, a new record, according to data from industry website CryptoSlam. This follows a record July that saw sales volume explode.August sales have reached $373 million, a new record. The previous largest single monthly sales total was $135.2 million during July. August's average price for a CryptoPunk is $209,000, more than double last month’s average price.
The Visa purchase, dismissed by some as a publicity stunt, marks an incredible run for Cryptopunks, one of the original NFT projects. Six months ago, following the first NFT boom, the floor price for a Cryptopunk was an impressive $34,700.Today that floor price is $395,000 and rising by the day.
Crypto Punks can be bought and sold via the Larva Labs website, peer to peer between traders, or on NFT marketplaces such as OpenSea. The OpenSea NFT markets have seen 274,641 in ETH volume traded for CryptoPunks in the last 60 days. In total, CryptoPunks have done over 460,000 ETH in trading volume just on OpenSea - that's over $1.4 billion based on today's ETH price.The Christie's Nod
In May fine art auction house Christie’s announced it would hold a high profile NFT auction featuring a collection of nine CryptoPunks. Noah Davis, a specialist in post-war & contemporary art at the auction house, described CryptoPunks as the ‘Alpha and Omega of the crypto art world’. As with the Beeple sale, payment in ETH was accepted for the auction. A lot of 9 CryptoPunks portraits ended up selling for just under $17 million, marking a key moment for NFT art sales.The nine punks were sold from the personal collections of CryptoPunks' creators Matt Hall and John Watkinson. They highlight some interesting visual features of the CryptoPunks series — including muttonchops, earrings, big shades, crazy hair, a hoodie, a mohawk, and more.
The punks come from the first 1000 punks issued - out of the 10,000 total punks. They include CryptoPunk 2, a female punk with a wild hair accessory, and CryptoPunk 635, one of the alien punks.Shiba Inu is a meme token with a total supply of 1 quadrillion tokens. However, from the beginning, 50% of the tokens have been locked in Uniswap's liquidity pool and the remaining were gifted to Vitalik Buterin, the (co)founder of Ethereum. Buterin on his hand proceeded to burn most of the tokens that he got. He gave away the rest to charity, to help the devastating spread of COVID-19 in India.
So, even though Shiba Inu is a meme token, its team has made sure to increase the value and utility of the token in the crypto community.
Let’s check out the projected future market structure of the token to understand its value.If you want to analyze whether Shiba Inu is bullish or bearish, it is good to start with a high time frame. Here you see the 3-day chart of SHIB in USDT’s pair, on Binance.
Clearly, the token is trapped inside a range.
Binance listed Shiba Inu on May 10 during the mega hype-spike. As fast as Shiba Inu went up, it came down and formed the range after.In this range, the lows have been swept and the price went up afterward. Especially on September 16, when it got listed on Coinbase. However, the momentum didn’t pick up after.
If you look at it with a simple view, there are two cases for SHIB. The bullish one, where it breaks above the range, and the vise versa Bearish one.
On the daily timeframe, the range gets even clearer. As you can see, on September 9, Shiba Inu (SHIB) had a decent bounce, after taking all the lows, with a breakout on the declining volume as well. That’s a good sign for the bulls. However, after a few days, the Coinbase pump shot the price high, but it didn’t close above the range. Strong selling volume came in at that point too.
So, Shib is still trapped inside the range.On the 4h time frame, you get a better glimpse of the Coinbase pump. Massive buying volume came in and maintained its position for several hours. The price took the previous high around the range and came back down again. Over the weekend, the market saw a decent bounce, but the price got rejected from the .382 Fibonacci level.