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ACNH Drone Beetle Price: How Much is it?

Animal Crossing: New Horizons lets players sell bugs at Nook’s Cranny or when visiting Flick. Read about how to get more Bells when selling Drone Beetles.

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Photo by Jessica Rogers/Nintendo

Whether you’re catching a Drone Beetle for wanting a new pet in your home or selling it for Bells at Nook’s Cranny, players in Animal Crossing: New Horizons have many ways to gain profit from this green insect.

Players can catch Drone Beetles on trees and they can spawn during any time of the day. These beetles can also be caught during any weather condition.

Drone Beetles appear in the Northern Hemisphere during June, July, and August. As for players who live in the Southern Hemisphere, Drone Beetles can be found during December, January, and February.

Drone Beetles are considered common insects in the game and can be sold for 200 Bells at Nook’s Cranny. Players can also sell Drone Beetles for 300 Bells when talking with Flick.

If you’ve filled your 40 item pocket slots with Drone Beetles, you can sell these bugs to Flick for 12,000 Bells. Alternatively, villagers will sometimes ask for a favor and might request to find a Drone Beetle, giving you a gift in return for completing the task.

While Nook’s Cranny operates from 8 a.m. local time to 10 p.m. local time, players can also sell Drone Beetles during its off-hours and place these insects in the Drop-Off Box. Players can then receive 160 Bells for the Drone Beetles, which is 80% of the insect’s original price.

Source: https://www.dbltap.com/posts/acnh-drone-beetle-price-how-much-is-it-01f76nhp55jy?utm_source=RSS

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The World Economic Forum’s Cryptocurrency Guide Lists Its Choice Of “Winning” Projects

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The World Economic Forum (WEF) has published its community paper on cryptocurrency. It contains information on getting started, exploring the blockchain, and so on. It also lists several cryptocurrencies that meet its scalability stamp of approval.

As an influential body, some have taken this to mean the WEF has selected its choice of winning cryptocurrency projects, which, if rumors are to be believed, will receive a significant push over the coming years.

The WEF See Cryptocurrency As Transformational

Various centralized authorities, and their representatives, have sent mixed messages surrounding cryptocurrency and its role in future society.

This includes ECB President Christine Lagarde, who earlier this year blasted Bitcoin’s “funny business” in facilitating money laundering, and U.S Treasury Secretary Janet Yellen, who pointed out Bitcoin’s limitations as a payment mechanism, and much like Lagarde, its use in illicit financing.

“To the extent it is used I fear it’s often for illicit finance. It’s an extremely inefficient way of conducting transactions, and the amount of energy that’s consumed in processing those transactions is staggering.”

Nonetheless, the Swiss-based international organization for public-private cooperation has signaled its approval of cryptocurrency via its latest guide. The 22-page report details practical guidance, for both individuals and corporate professionals, on transacting, dapps, governance systems, scalability, and consideration of regulations.

As cryptocurrencies transform how we trade, transact and interact online, it has become more important than ever for technology leaders to have experience with these innovations.

As expected, the report mentions the big two, Bitcoin and Ethereum, even dedicating an entire section to Ethereum to discuss its programmability and usefulness in facilitating technological innovation.

Along with that, in the throughput and scalability section, the report also lists six cryptocurrency projects with brief text on their ability to handle large volumes of transactions. They are Algorand, Cardano, Celo, XRPL, Solano, and Stellar.

The Great Reset

During covid times, the WEF has caught the attention of many truth seekers. They raise concerns over the WEF’s role in steering the world recovery.

Among the WEF’s predictions by 2030 is “you’ll own nothing. And you’ll be happy.

Some have described this future scenario as a centralized system of control and manipulation. Even a throwback to Medieval feudal society, which consisted of a bottom rung of the peasantry who were slaves to the landowners.

Reuters have fact-checked this “stated goal” and dismissed it because it was a reference to the trend towards the prevalence of renting over ownership.

“False. The World Economic Forum does not have a stated goal to have people ‘own nothing and be happy’ by 2030. Its Agenda 2030 framework outlines an aim to ensure all people have access to ownership and control over land and other forms of property.”

Either way, should investors take the WEF’s mention of Algorand, Cardano, Celo, XRPL, Solano, and Stellar as cryptocurrency projects to watch in the future?

Source: https://bitcoinist.com/the-world-economic-forums-cryptocurrency-guide-lists-its-choice-of-winning-projects/?utm_source=rss&utm_medium=rss&utm_campaign=the-world-economic-forums-cryptocurrency-guide-lists-its-choice-of-winning-projects

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Blockchain

XRP, Cardano, AAVE Price Analysis: 14 June

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The last 12 hours have been favorable for all coins in the market. Even the total market capitalization was up by 8% at press time. Cardano was also boosted by the news of smart contracts now running on Alonzo. While Ripple continues its fight against the SEC, XRP posted gains. AAVE did not have much spotlight in terms of news for the moment.

XRP :-

Source: XRP/USD – TradingView

XRP’s slow recovery has led the coin to still remain short of its Jun ATH by 17% and trade at $0.875. For a while, the coin was rising well above $0.89, but after the repeated dips of June 4 & June 7, the coin broke it and flipped it into a resistance level. While this situation is temporary, investors have become extremely cautious.

At press time, bullish momentum could be observed building up according to Awesome Oscillator. The slight rise of green bars above 0 line exhibited optimism for the coin.

In the early hours of June 14, an uptrend had been initiated as per Parabolic SAR, since the white dotted line remained under the candlesticks. This was accompanied by MACD indicator that displayed a bullish crossover with the indicator line moving over the signal line.

Though indicators were calling for a price rise, the coin will still need a stronger push to turn the active resistance back into support.

Cardano [ ADA ] :-

Source: ADA/USD – TradingView

$1.38 has been acting as a strong resistance for ADA for a while now. Despite many falls, the coin did not drop below it. In the early hours of trade, the coin jumped by 9% in less than 16 hours. A similar movement could be observed on Relative Strength Index (RSI) as well. The purple indicator recovered from the oversold region it was on June 12 and moved above the neutral line with a slight dip observed at press time.

Capital inflows have not been quite as strong either according to Chaikin Money Flow. The indicator remained in the bearish-neutral territory at the time of writing. Bollinger Bands remained parallel to each other, with the basis (red line) acting as support.

Price could swing upward if the bands diverge in the next few hours, otherwise, the movement will stay sideways.

AAVE:-

Source: AAVE/USD – TradingView

AAVE had a surprising performance as the coin made a 17.36% jump in the last 24 hours as soon as it touched the $267 support level. Due to the fall in the past few days, a new temporary resistance was established at $346. If this rally isn’t short-lived, the coin could soon break past it as well. Simple Moving Averages lines remained bearish. Although the gap between the 50 SMA (orange) line and the candlesticks was closing in, there’s no immediate change in positions.

Accordingly, MACD exhibited a bullish crossover with the indicator line moving above the signal line. If the indicator continued to move this way, the market may continue to remain bullish.

For the while, AAVE will remain consolidated within the aforementioned support and resistance level.


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Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://ambcrypto.com/xrp-cardano-aave-price-analysis-14-june

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Bitcoin derivatives data shows pro traders ignored today’s $41K pump

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Sometimes all Bitcoin (BTC) needs to pump 10% is a positive remark from someone like Elon Musk.

The Tesla CEO has been pointed to as the culprit for the recent downturn after the company’s May 12 announcement explaining that it would no longer accept Bitcoin payments due to environmental concerns. Musk followed up by saying that he was looking into other cryptocurrencies that required 99% less energy consumption. 

However, on June 13, the situation reversed as Musk reassured the public that Tesla did not sell any additional Bitcoin. The post also said that the electric-car producer would resume taking BTC payments as soon as its Bitcoin mining relied on a minimum of 50% clean energy.

In bear markets, top traders act with caution

While retail investors and algorithmic trading bots jump into action as soon as bullish or bearish signals and news flash, top traders tend to act more with more caution. Those who have been around the crypto markets long enough know that positive news might end up being ignored or severely downplayed in bear markets.

On the other hand, even potentially negative news seems to have little to no impact during bull runs. For example, on Sept. 26, 2020, Kucoin was hacked for $150 million. The following week, on Oct. 1, the United States Commodity Futures Trading Commission charged BitMEX for operating an unregistered trading platform and violating Anti-Money Laundering regulations.

Two weeks later, police reportedly questioned the founder of OKEx, forcing the exchange to suspend crypto withdrawals. Had this series of negative news happened while Bitcoin was flat or in a bearish phase, the price would have undoubtedly have stalled during a bear market.

Bitcoin price at Coinbase in USD, Sept. 2020. Source: TradingView

As shown above, Bitcoin barely had any negative impact in late September and October 2020. In fact, by the end of November 2020, Bitcoin was up 74% in two months. This is the main reason why top traders tend to ignore positive news during bear markets and vice-versa.

The 3-month futures premium is neutral

A futures contract seller will usually demand a price premium to regular spot exchanges. This situation is not exclusive to crypto markets and happens in every derivatives market because in addition to the exchange liquidity risk, the seller is postponing settlement and this results in a higher price.

The 3-month futures premium (basis rate) usually trades at a 5% to 15% annualized premium in healthy markets. When futures are trading below the regular spot exchange price, it signals a short-term bearish sentiment.

Huobi 3-month Bitcoin futures basis. Source: Skew

As shown above, the future basis has been below 11% since May 20 and flirting with bearish territory on multiple occasions as it tested 5%. The current level indicates a neutral position from top traders.

The options skew is no longer signaling fear

The 25% delta skew compares similar call (buy) and put (sell) options side-by-side. It will turn positive when the protective put options premium is higher than similar risk call options.

The opposite holds when market makers are bullish and this causes the 25% delta skew indicator to enter the negative range.

Deribit Bitcoin options 25% delta skew. Source: laevitas.ch

The above chart confirms that top traders, including arbitrage desks and market markers, are currently uncomfortable with Bitcoin price as the neutral-to-bearish put options premium is higher. However, the current 7% positive skew is far from the 20% exaggerated fear seen in late May.

Derivatives markets show no evidence of top traders getting excited about the recent $40,000 hike. On the bright side, there is room for leverage buyers to mount positions. Stronger upswings usually occur when investors are least expecting, and the current scenario seems to be a perfect example.

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.

Bitcoin derivatives data shows pro traders ignored today’s $41K pump

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Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://blockchainconsultants.io/bitcoin-derivatives-data-shows-pro-traders-ignored-todays-41k-pump/?utm_source=rss&utm_medium=rss&utm_campaign=bitcoin-derivatives-data-shows-pro-traders-ignored-todays-41k-pump

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