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New Ether whales increased by 68 amid price drop

New Ether whales increased by 68 amid price drop The recent decline in the cryptocurrency market may have become a golden opportunity for people to bag more of their favorite cryptocurrencies, and those they believe to be promising. This seems to be the case of Ethereum cryptocurrency, as the number of Ether whales grew by […]

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The recent decline in the cryptocurrency market may have become a golden opportunity for people to bag more of their favorite cryptocurrencies, and those they believe to be promising. This seems to be the case of Ethereum cryptocurrency, as the number of Ether whales grew by 68 in the past three days when the crypto had a drop in price.

Ether whales are increasing in number

Data shared from Santiment, a crypto market insight, and behavioral reports provider showed that numerous Ethereum cryptocurrencies were acquired as the price dropped. The number of new crypto investors holding at least 1,000 to 10,000 ETH surged by 68, making the new list of Ether whales presently. 

At the time of writing, this would mean that 68 new addresses are holding between $348,000 to $3,480,000. Remarkably, these new Ether whales all joined the network within the past three days, as the data noted. During this time, the cryptocurrency was gradually decreasing in price, to the extent it declined to $326 on Saturday. This accounts for a 30.2 percent drop from the $367 recorded on the last day of August.

The tweet reads:

“ @santimentfeed‘s holder distribution chart shows that as #Ethereum was falling, there was a spike in the number of addresses with millions of dollars in #ETH, colloquially known as whales. Roughly 68 new whales holding 1K to 10K $ETH have joined the network in the past 3 days.”

Most likely, what triggered the birth of new Ether whales relates to the booming decentralized finance (DeFi) industry, which runs on the Ethereum network. Besides, Ethers are significantly being locked up in many DeFi protocols, which is somewhat creating a high demand for the cryptocurrency.

Some whales foresaw Ether drop coming

Separate information from Santiment somewhat indicates that some Ethereum whales might have sensed the coming Ether price freefall in the past week. About 100 biggest ETH exchange addresses began cashing out as the crypto neared its recent high. Not being greedy per se. 

Per Santiment, these addresses shaded their holdings from 16.92 million to 15.89 million in the past week.

Source: https://www.cryptopolitan.com/ether-whales-increased-by-68-amid-price-drop/

Blockchain

Legendary Pelé NFT Set to Drop on Ethernity May 8

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[Press Release – Los Angeles, California, 8th May, 2021]

Iconic Brazilian footballer Pelé will be immortalized in NFT form on May 8.

The legendary striker, named FIFA World Player of the Century, is getting the tokenized treatment with the release of a licensed aNFT – authenticated non-fungible token – exclusively on the Ethernity Chain at 12pm EST.

The coveted collection features several aNFTs of the soccer star, the result of a collaboration between Visual Lab and Rafa Zabala, whose credits include The Hobbit and Planet of the Apes.

The digital presentation includes “THE KING OF FOOTBALL,” an immersive video tracing the player’s humble origins on the streets of Brazil to a packed stadium witnessing his brilliance. The eponymous “Pelé” aNFT, meanwhile, is represented by a hyper-realistic digital bronze bust of the star in his heyday.

As part of the Pelé aNFT collection, Ethernity will be releasing multi-pack trading cards that make a nod to the player’s Panini trading cards of the past.

Ethernity’s special digital trading cards include “Gilded Bicycle Pelé,” which showcases the player executing his signature bicycle kick. The limited edition cards will be part of the Ethernity Cards and Packs Collection launching this summer, 2021.

90% of aNFT sales will go to The Pelé Foundation, a charitable organization that strives to empower young people facing poverty around the world.

Ethernity’s recent Muhammad Ali aNFT auction, which raised over $550,000, also resulted in a significant donation being made to the Muhammad Ali Foundation.

About Ethernity

Ethernity is exploring applications for non-fungible tokens (NFTs) within the context of art and philanthropy. It provides a way for celebrities and public figures to endorse digital artwork created by renowned artists. Anyone can purchase each limited edition artwork, with a portion of the proceeds going to charitable causes that the celebrity supports. Ethernity was founded by early Bitcoin investor and NFT innovator Nick Rose Ntertsas.

Learn more: http://ethernity.io/

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Source: https://cryptopotato.com/legendary-pele-nft-set-to-drop-on-ethernity-may-8/

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Blockchain

Crypto Banter Will Give Away Over $500K To 10 Eligible Community Members

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[Press Release – Cape Town, South Africa, 8th May, 2021]

Banter Bags is a unique project in the cryptocurrency world that aims to give back to its community. What initially started as a $10,000 community giveaway is now worth over $500.000. Ten eligible community members will be chosen randomly to receive their share of the spoils once the Crypto Banter Youtube channel surpasses 250,00 subscribers.

The Banter Bags Giveaway is an event created by Ran Neuner, host of CNBC Crypto Trader and founder of Crypto Banter on Youtube. The initial objective was to reward active participation in the community and generate more engagement with the daily streams but as the investments started to grow it became a mechanism to really change some community member lives.

Speaking of pre-market allocations, the Crypto banter team initially put $10,000 in a public Ethereum address. That money was then invested into allocations, with more investments occurring daily to diversify the portfolio further. Several key investments have noted spectacular returns, including Shopx, Aioz, Refineable and Occam. All of these pre-market allocations have gone up in value by a factor of 100 or more.

As the total value of the Banter Bags now exceeds $500,000, a golden opportunity is created for the community. Once the Youtube channel surpasses 250,000 subscribers, ten community members will earn a Banter Bag with the corresponding spoils. The only requirement to be eligible is to subscribe to Crypto Banter on YouTube and follow the Twitter account. Community members can amplify their chances by following @cryptomanran and @sheldon_sniper on Twitter, by liking/commenting on tweets, and engaging with the two daily streams.

The Crypto Banter team adds:

“It started off as a fun idea of giving $10000 to our community, and as we started to invest, we realized that the community loved the idea of investments in pre-market allocations that we previously off-limits for the average investor. With this in mind, we went all in using our influence to reward our community. It was supposed to be a cool $10,000 giveaway to reward the community, and it has landed up becoming an opportunity to change lives. The channel has exploded since we launched this initiative. We’re up by over 100% on every metric, we gained over 100k subscribers and got over 5m views in the last 28 days. More than that, our community has engaged more. They love the idea that we are giving back to them and that we may at any point change another life.”

Five winners have been randomly selected so far, all of which have an amazing story to share. One of the winners, who goes by the name of Irfan, lost his job and was struggling financially. With a pregnant wife expected to give birth in two months, being announced the winner of a Banter Bag triggered a life-changing event for Irfan. Anyone can go through a similar experience once the remaining Bags are given away to community members.

We also announced that one of the bags will be given to a charity and we are currently looking for a viable option.

About Crypto Banter

CRYPTO BANTER was founded by CNBC CRYPTO TRADER host Ran Neuner and is a LIVE STREAMING CRYPTO STATION. We bring you live streaming coverage of the global Crypto markets and give you a chance to call in, break the news, and banter with our guests and hosts. CRYPTO BANTER was created to bring the banter from Crypto Twitter and Telegram to a moderated, curated AV streaming medium. Think of its as a mix of CNBC, JOE ROGAN, and Talk radio for Crypto!

Follow Crypto Banter on YouTube

Follow Crypto Banter on Twitter

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Website

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Source: https://cryptopotato.com/crypto-banter-will-give-away-over-500k-to-10-eligible-community-members/

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Blockchain

XRP, Dogecoin, Cardano Price analysis: 08 May

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Volatility was shrinking in the XRP market and some rangebound movement was predicted moving forward. Buying resumed for Dogecoin as the price overturned $0.69 from resistance to support. Lastly, Cardano presented a few targets above $2 which could be toppled in the coming weeks.

XRP

Source: XRP/USD, TradingView

At the time of writing, the world’s fifth-largest cryptocurrency – XRP was trading within a range of $1.63-$1.53. Bollinger Bands contracted and a volatile market that saw XRP rise from $1.31 to $1.75 was now coming to an end. This suggested some short-term sideways movement. On the other hand, OBV has been on an uptrend since late April and buying pressure has been steadily building up in the market.

If the $1.75-ceiling is toppled, XRP could shoot north of $1.96 and register a new local high. If the market takes a bearish path, $1.31-support could be under the spotlight.

Dogecoin [DOGE]

Source: DOGE/USD, TradingView

Dogecoin jumped by 8% in the last 24-hours as the buying frenzy resumed after yesterday’s cooldown. According to the Awesome Oscillator, momentum was with the bulls and the bars switched to green once again. This was widely anticipated as Elon Musk’s Saturday Night Live appearance was now just a few hours away. RSI was also in bullish territory above 65. Even if the index moved in the overbought zone, it would be of little consequence as bullish sentiment alone could drive DOGE.

On the 4-hour timeframe, buyers flipped $0.69-resistance to a region of support. While volumes were yet to reach levels seen a few days ago, this could quickly change in the coming sessions. A bullish outcome could see DOGE rise above $0.80 before a pullback. Once a sell-off occurs, support lines to watch out for include $0.57 and $0.53.

Cardano [ADA]

Source: ADA/USD, TradingView

Since early March, Cardano largely oscillated between the channel $1.48-$1.01. While a breakout did occur a couple of days ago, volumes were distant from levels seen during February. The technicals still highlighted a bullish market and a few Fibonacci levels were plotted on the daily timeframe.

MACD line maintained above the Signal line and its histogram noted a series of green bars. Supertrend Indicator continued to flash a buy signal which would switch to sell at $1.20. A few targets lay at 138.2% ($2.13) and 161.8% ($2.37) Fibonacci levels and these could be toppled in the coming weeks. Meanwhile, volumes must be observed for sharp price movement within the market.


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Source: https://ambcrypto.com/xrp-dogecoin-cardano-price-analysis-08-may

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