Coinlive Weekly (November one – November seven): The “umpteenth” altcoin season of 2021

As Bitcoin continued its sideways trend, the initially week of November opened the door to altcoins. A string of best altcoins established new ATHs final week, like ETH, SOL, AVAX, DOT, and so forth. Additionally, the gaming and metaverse trend has not proven any indications of cooling as a quantity of tasks / ecosystems demonstrate up and have announced a big blockchain game advancement fund.

Let’s overview every thing with Coinlive to make absolutely sure you never miss any vital information! ?

Value motion of big cryptocurrencies in contrast to seven days in the past, statistics taken at 09:45 on seven/eleven/2021. Source: Coin360

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📰 News factors

The focal stage 🔥

Bitcoin late October “great success”: the regular monthly candle reached a record large, an further $ two billion was paid in by investment institutions, the “whales” continued to rise.

New ATH Coins: Ethereum (ETH), Polkadot (DOT), The Sandbox (SAND), Solana (SOL), Avalanche (AVAX), Bonfida (FIDA)

Axie Infinity (AXS) implementing the Katana DEX platform, launching its very own token for the Ronin sidechain – the SLP price tag has skyrocketed

– Tokens observe the film Squid game 99.99% Price Collapse – Binance Announces Investigation

– The US House of Representatives approves the bill tax cryptocurrencies

Great Cap

Ethereum more and more “deflationary” – ETH is anticipated to hit the $ eight,000 mark

Ethereum it will lead a tricky fork by delaying the “difficulty bomb” in early December

XRP Coming to Ethereum in December

Cardano (ADA) welcome to two million milestone ADA wallets – Get prepared to scale with the Hydra degree two improve

Bitcoin Cash (BCH) “ride the roller coaster” due to fake information accepted by Kroger for payment

– Loss of proof demonstrates that Tesla in the method of accepting payment Shiba Inu (SHIB) – SHIB price tag has dropped drastically underneath stress from whales

– CEO EOS The Foundation declares that EOS is a “catastrophic failure”

Binance Become a fan token for FC Porto, sponsor a jersey for five many years

The best one hundred cryptocurrencies with the strongest enhance in the final week. Source: CryptoBubbles

DeFi ?

Avalanche (AVAX) announced a new incentive bundle for tasks really worth $ 220 million

DEX Katana of Axie Infinity is shut to $ one billion in trading volume following just two days of launch

– Revealing personal vital, DeFi platform bZx fifty five million bucks stolen

DeFi attacks in 2021 it induced a reduction of up to $ one.four billion

NFT and video games

– After Facebook, it can be the tech giant’s flip Microsoft officially “makeover” with Metaverse

FTX And Solana build a $ one hundred million fund to invest in blockchain video games

Huobi marketplace launch NFT check

Sushi Swap (SUSHI) shock launch of the NFT and Metaverse platforms

TRON set up a $ one hundred million fund to produce NFT tasks

Enjin create a $ one hundred million fund to produce the metaverse ecosystem

Ethereum Name Service quickly to release their governance token

– Director Quentin Tarantino is auctioning unreleased NFT Pulp Fiction footage

Investments from substantial institutions

Digital currency group increase capital of $ 700 million from SoftBank, Google

The sandbox Requested $ 93 million from SoftBank, SAND’s price tag continues to drive ATH up

The oldest financial institution in Thailand Become a “huge” shareholder in the nation’s foremost cryptocurrency exchange

Australia’s biggest financial institution begin providing cryptocurrency providers

Legal and Hospitality ⚖️

United States government publishes report on stablecoins, suggests swift regulatory legislation

South Korea will not involve NFTs in the cryptographic regulatory framework

eCNY of China currently applied by 140 million individuals

El Salvador makes use of Bitcoin (BTC) revenue to develop twenty colleges

Burger King rewards shoppers with BTC, ETH and DOGE

Events up coming week (November eight-14)

Synthetic Currency 68


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