Posted 9 months ago | by Catoshi Nakamoto
I know we’re in the broiling heat of summer but this lull in the Ethereum price is making me feel a little like Valentine’s Day. Nah I’m just kidding, this accumulation period after ETH broke above 3k has been relatively harmless and we believe that although the surge has tapped the brakes somewhat, Ethereum’s price is still on the bus from the movie Speed1, and it can’t stop. Good news, this means I won’t need to make any Valentine’s Day-type Ethereum price bets… and won’t end up in a Cupid costume this time. After all, on this channel we believe that this cycle is Ethereum’s moment. With institutional investment, mainstream interest, Ethereum based games, and all the NFTs and defi that ETH has to offer; it’s time to shine. Today we dive into what’s new for everyone’s favorite altcoin.Read More
Let’s get it.
Welcome to Bit Boy Crypto; home of the bitsquad, the largest crypto community in all the interwebs. My name is Ben. Everyday on this channel I show you how to make money in crypto. If you like money and crypto make sure to hit that subscribe button. In this video we look into what’s new this week for Ethereum.
But first I want to remind you that the Bitsquad is about to surpass 5 million followers across the interwebs and when that happens we’re giving away 5 Ethereum and thousands of dollars in other cryptos to celebrate. Click the gleam.io link in the description to enter before time runs out.
Kraken is investing in Ethereum development with a two hundred and fifty thousand dollar donation. In a statement, Kraken CEO Jesse Powell said: “We believe it’s our responsibility to give back to the open-source innovators who are building the next generation of cryptocurrency.” There are other crypto companies working with the Ethereum Foundation on this donation as well; Compound Grants, Lido, Synthetix, The Graph Foundation, and Uniswap Grants have created a combined contribution, including the Kraken donation, amounting to 1.5 million. The funds will be awarded to clients who support Ethereum software such as Best, Erigon, Geth, Nethermind, and Nimbus. Kraken has donated to crypto projects in the past, such as BTCPay Server and Bitcoin, with a focus on education and development of cryptocurrencies. Kraken has stated its clients have already staked 2.6 Billion dollars worth of ETH on the platform. You know what 90’s hip hop says, mo money2, less problems… wait… no that’s definitely not how the song goes, but that is how it works in crypto. More funding means better delivery of all the updates coming soon for Ethereum. Development is what will ultimately help Ethereum become a smart contract network with ETH 2.0, and iron out all the bugs that go along with an upgrade of this magnitude. Speaking of mo money, smash up the like button if you want to get mo crypto content as we keep you informed on how to make money in crypto. Don’t forget to leave a comment down below and tell us why Ethereum is your favorite altcoin. Maybe the reason you like Ethereum is simple, and it’s because you like beer..
Yep, Budweiser just spent 38 ETH with Opensea on NFTs. Their biggest purchase? The .ETH domain name beer.ETH for a frothy 30 Ethereum; worth about ninety-five thousand dollars. Budweiser also bought a rocket NFT by artist Tom Sachs’ Rocket Factory Project for 8 ETH, which has an equivalent value of twenty-five thousand dollars. The rocket, which looks like three Budweiser cans stacked to form the rocket body, is now the profile picture for Budweiser’s official Twitter. Budweiser isn’t just foraying into NFTs for the hype, or to join Visa in its one hundred and fifty thousand dollar crypto punks purchase; it actually has big plans for NFTs in the future. Working with Gary Vaynerchuck of Vayner Media, Budweiser plans to open up an NFT media shop. The shop has been called a “long term business play” by Budweiser execs, and plans to feature intellectual property items belonging to Budweiser and other beer companies that will be sold as NFTs. Not just the king of beers anymore, Budweiser is showing up as the beer kings of crypto; and it’s looking good on them. We’re looking forward to seeing what comes next.
Speaking of Gary Vaynerchuck, the entrepreneur and NFT enthusiast has released a collection of NFTs called Vee Friends: ten thousand character tokens available for purchase using Ethereum. The NFTs are hand drawn with markers, and all have a clever names and animal themes. Some examples are Charming Cheetah, bold as F bat, cheerful chipmunk, and checkers chicken. The NFTs can be used as Twitter profile pictures, but the website shows users how to screenshot any of the NFTs to use as profile pictures, which points to the primary use of these NFTs as smart contract tokens. In an interview with CNBC, Vaynerchuck explained that each of the VeeFriends NFTs is a ticket to a three year super conference called Vee Con. On the website Vaynerchuck describes the experience by saying: “VeeCon is inspired by favorite events I’ve seen throughout my life, including business conferences, music festivals, closed-door offsite events, and not least of all, summer camp activities.” I love summer camp activities. Will there be a Blob? If it’s Gary V then I know there will be keynote speeches, innovation and educational talks, Q and A sessions, competitions and probably a lot of swearing. Many of the VeeFriends have already sold for up to 5 ETH each. Gary Vee is obviously a crypto degen and is no doubt going to be more and more influential in the cryptoverse in the years to come. Just last month Vaynerchuck bought a crypto punk for 3.7 million.
On the opposite end of the crypto spectrum let’s talk about our old friend, the banking broad, the Wall Street Wench, The traditional finance trollop, Elizabeth Warren. The other month she spouted off lies about crypto and described blockchain developers as “shadowy, faceless super coders”. Well first off all Liz, Every crypto developer I’ve ever met has a human face, unlike what is under your alien prosthetics. This description ruffled the feathers of some in the cryptoverse but the degens over at Project Galaxy has made their own Shadowy Coder NFT as part of a toolkit for anyone looking to join the ranks of blockchain developers. The NFT comes with a bunch of perks like free subscriptions to Tenderly, some free transaction gas on Polygon network even 20% off some hardware wallets. That’s crypto for you. The top tier Shadowy SUPER Coder NFTs are for users who have actually deployed a contract on the Ethereum network as of August 1st 2021 and have served at least 500 unique addresses in 2021. Very cool stuff.
Now let’s talk price. The price of Ethereum has been hovering between three thousand and three thousand three hundred for almost the whole month of August. And yes, even in the face of all the bullish price action we’ve seen since the mini-bear market, there’s no doubt that this is a boring time for the price of Ethereum. There are a few factors playing into this. The first is, although we wish Ethereum could break away from his dominating big brother Bitcoin and start living his own life, there’s no doubt that Bitcoin attempting to break past 50K and getting rejections is causing Ethereum’s price to get rejected along with it. So this means that ETH may have to wait for Bitcoin to break past 50k and stay there. Another factor is we’re seeing an accumulation period where the price is hovering at around the same level. Remember, crypto doesn’t stay boring for long and these accumulation periods are like a spring coiling up for its next big move. On this channel we believe that the bull run has a lot of steam left, and the spring is coiling to bounce upward, and there’s nothing to do but wait.
That’s all I got! Be blessed, Bitboy out.