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Tomi Heroes NFT Sales Surpasses $1.3M As More Investors Get On Board

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Tomi Heroes NFT Sales Surpasses $1.3M As More Investors Get On Board

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Tomi NFT sales round has surpassed $1.35 million days after releasing its third bunch of NFTs.

As per the announcement, Tomi now has 437.47 ETH after selling out its first and second round of NFT sales. The platform is currently holding its third sales funding round in anticipation of its presale on September 21. Notably, only holders of the artistic and exclusive, limited-edition Tomi NFTs will be able to join the Pre-sale.

The official announcement on Twitter reads:

“The latest news on our TOMI token and Tomi Heroes NFT! Sales Volume Just Exploded Past $1.35m, with Massive ROI Potential for TOMI Sale.”

Proceeds collected from NFT sales will be used to buy Tomi tokens within the first hour, making the first purchase at 3:15 PM EST. All NFT funds collected will reportedly be used to increase the price of Tomi Tokens in the Public sale.

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Once the purchases have been made and all the ETH collected from the NFT sale is swapped for TOMI, the entire balance will be burned in the public address.

Tomi has proved to its investors that it is more than an NFT collectible. Investors now see the platform as a tool that will help them participate in the presale and incentivize them to hold the NFTs, unlike other platforms that flip the NFT for a quick profit. Notably, with the current rate of the ETH trading volume, investors are guaranteed to get ten times the return on their investment even if other investors do not participate in the funding round and the Tomi market remains at the current market cap of $75,000.

The TOMI launch will happen on the Polygon network via the SushiSwap platform to avoid transaction delays and high gas fees related to the Ethereum Network. The transaction fee per swap on the platform has been capped at 0.3% of the amount. This was made possible with the help of decentralized liquidity providers. 

Notably, Liquidity providers will earn 66.6% of transaction fees from TOMISwap and the Sushiswap smart contract’s activity, while Governance token takers will receive 16.6% of the transaction fee. 8.3% will go to TOMISwap users as giveaways, with the remaining 8.3% being allocated for the TOMIFundMe. The TomiFundMe platform will allow users to set up a profile and share their project or business ideas. The platform will also be fundamental in helping grow these business ideas as the blockchain community grows.

Reportedly, once the Tomi project is fully launched, it will serve as the next-generation trading platform providing users, investors, and project owners an ecosystem with efficient, sustainable, cost-effective, and fast solutions.

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Source: https://zycrypto.com/tomi-heroes-nft-sales-surpasses-1-3m-as-more-investors-get-on-board/

Blockchain

Ethereum Breaks $4,000, All-Time High Unavoidable?

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The Ethereum rally continues and seems to be moving into FOMO levels. At press time, the second crypto by market cap has blasted through the major resistance at $4,000 and moves fast into price discovery.

Related Reading | Ethereum Looks Set To Explode As 400,000 ETH Exits Coinbase

Ethereum records a 4% and 14% in the daily and weekly charts, respectively. The euphoria in the market seems to be driven by the launch of a Bitcoin-linked ETF in the U.S.

The market has positively responded to this event and has allowed Ethereum and Bitcoin’s price to surge with a spike in institutional demand, as several experts have pointed out.

Unlike some predictions, the ETF event doesn’t seem to be operating as a “Buy the rumor, sell the news” or a trigger for another capitulation event.

In lower timeframes, Ethereum must hold above current levels to turn $4,000 into support and allow the rally to follow through in case of potential downside risk.

As pointed out by pseudonym analyst John Wick, Ethereum entered a “volatility squeeze shading” with a bullish trend, as indicated in the image below. The analyst added:

Squeeze shadings precede violent moves that are often the start of new trends. Green bars say probability to the upside!

Ethereum ETH ETHUSD
Source: John Wick via Twitter

In that sense, losing the $3,000 area could signal a potential trend reversal to the downside. However, the second cryptocurrency by market cap could make a 5x profit from here.

Related Reading | Ethereum Supply Shock Grows As Reserves Decrease, ETH 2.0 Contract Increases

Ethereum ETF On The Way, Bulls With More Ammo In-Store

Analyst Justin Bennett believes the key for more upside actions relies on Bitcoin. If the benchmark crypto can continue its upwards trend uninterrupted, Ethereum could follow right into its May trend line, as the analyst claimed.

Ethereum ETH ETHUSD
Source: Justin Bennett via Twitter

This could send Ethereum as high as $20,000 for 2022. In support of this theory, QCP Capital recorded an increase in ETH-based options with $10,000 to $50,000 strikes to be expired by March 2022 on the rise.

Related Reading | TA: Ethereum Breaking This Barrier Could Spark a Significant Surge

With the launch of the Bitcoin ETF, QCP Capital noted the following on the future of Ethereum:

As we mentioned in our previous post on ETFs, long-term attention seems to be shifting from BTC to ETH with potential ETH ETF release after BTC, coupled with ETH V2 catalyst.

Ethereum ETH ETHUSD
Source: Skew via QCP Capital

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Source: https://www.newsbtc.com/news/ethereum/ethereum-breaks-4000-all-time-high/

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Bitcoin Price Sets New All-Time High Above $65,000

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Bitcoin price has done it and made a higher high, setting a new all-time high record above $65,000 according to several exchanges and the TradingView BTCUSD Index.

What exactly does this mean for the first-ever cryptocurrency and the current market cycle? Read on to find out.

Bitcoin Price Sets New Record ATH Above $65,000

The number one ranked cryptocurrency by market cap has just set another major milestone, and proven to the market that the bull cycle isn’t yet finished. It also means that the April 2021 “top” was nothing more than a mid-cycle pullback before the coin reached its final destination target closer to $100,000 or higher.

Related Reading | Bitcoin “Supertrend” Begins As Buy Signals Stack On All Major Timeframes

Targets for the cryptocurrency reach as high as several hundred thousands per coin at the conclusion of this cycle. Future estimates have reached as much as $10 million per BTC based on the stock-to-flow model.

The recent Bitcoin ETF approval ended any second guessing or speculation over whether or not the bull market had ended, or if a bear market had began. Bear markets don’t have dead cat bounces that lead to new all-time highs. The higher high also keeps the uptrend in tact by the pure definition of the term.

BTCUSD_2021-10-20_09-50-29

There you have it, folks: A new all-time high is set. Where does it end? | Source: BTCUSD on TradingView.com

BTC Back In Price Discovery, What Happens Next?

Technicals have suggested this push higher was coming. The monthly Bitcoin RSI is back in the bull zone, and most other technical indicators are leaning bullish on high timeframes. What has thrown many market participants off, has been an overheated technical picture on the daily that is heavily dominated by the higher timeframe signals.

Related Reading | Bitcoin Price Prepares To Blast Off Back Into RSI “Bull Zone”

With no resistance above, the market will be less likely to sell or go short, because there is no telling how high Bitcoin price could go from here. Each successive peak will cause the same wide-sweeping question if the top is in, until it is.

This could make for a final leg up that moves faster than most are expecting, with very few or limited pullbacks to buy in. What’s worse, is that the final leg of a bull run usually does mean a bear market is coming, and is due to arrive the moment the actual peak is in.

Follow @TonySpilotroBTC on Twitter or join the TonyTradesBTC Telegram for exclusive daily market insights and technical analysis education. Please note: Content is educational and should not be considered investment advice.

Featured image from iStockPhoto, Charts from TradingView.com

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Source: https://www.newsbtc.com/analysis/btc/bitcoin-price-all-time-high-record/

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Blockchain

Building the Factory of the Future

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While you might be paying attention to Bitcoin and the latest iPhone, factories around the world are quietly powering so much of the world around you.

Factories make up 54% of the global energy consumption as well as 20% of emissions. With some proper rethinking of manufacturing, production, and distribution, 45% of the global emissions could be reduced. There’s lots of work to be done to modernize factories to help make a better world of tomorrow.

While it is going to take a great amount of technology, process, and artificial intelligence to make things happen, it is clearly worth the effort in the end. Learn more about what it will take to build the factory of the future in the following visual deep dive below:

Factory of the Future


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Source: https://themerkle.com/building-the-factory-of-the-future/

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