Crypto Headlines Nov 17, 2021

  1.  Here’s Why Ethereum Is the Next Bitcoin 

Finding the next Bitcoin has become the primary focus for some crypto investors. There’s no guarantee that Ethereum will reach the same value as Bitcoin, of course, but there are several important reasons why this crypto and its underlying technology could make it just as critical to the crypto space as Bitcoin. The value of an Ethereum’s coin has grown, at least in part, because the Ethereum blockchain has become the standard for building decentralized finance (DeFi) apps and systems. One thing that’s made Ethereum similar to Bitcoin is the cryptocurrency’s rapid rise in value. As of this writing, one Ether coin is worth nearly $4,600, a 900% increase over the 12 months.

Solana is the fourth-largest cryptocurrency by market capitalization. Solana is now the third cryptocurrency tracked by the Bloomberg terminal, following bitcoin and ethereum. The price tracker, titled “Bloomberg Galaxy Solana Index,” went live on the terminal Monday as “the first institutional grade pricing source for Solana,” wrote Tim Grant, the head of Europe at Galaxy Digital, which partnered with Bloomberg to list the new crypto. Bloomberg did not immediately respond to Insider’s request for comment. Solana is the fourth-largest cryptocurrency by market cap, behind bitcoin, ethereum, and binance coin, according to CoinMarketCap data.

Polkadot’s native coin DOT closed trading at $45.15 on Monday. Dot was trading 0.51% lower in after-hours trading. Dot broke above $50 on Nov. 2 according to a report by Yahoo Finance. Cryptocurrency Polkadot that trades under the symbol DOTUSD could more than double to touch a $100, according to a recent tweet by popular online trader “Crypto Capo.”  FET is a token that is based on the Ethereum blockchain and that powers applications on Fetch’s platform. 

That provides users access to artificial intelligence and autonomous agents in manufacturing and supply chains, among other areas.

One unique aspect of Coinbase’s business is that it’s a cash flow machine as a relatively young company. Crypto is still in its infancy, and we should see transactions and revenue grow in the long term. Of course, one or two quarters won’t make a trend and investors should expect big volatility in Coinbase’s results, but the fact that it’s generating cash when most newly public companies aren’t projecting positive cash flow for years is an impressive feat. As investors fret about the ups and downs of Coinbase’s quarterly revenue, don’t forget that this is one of the most prolific crypto/Web3/NFT investors in the world.

Google search traffic for NFT-related keywords has continued to surge, doubling over the past three months. Google’s keyword search data shows interest in non-fungible tokens (NFTs) has surged to record levels, with traffic beating out search terms pertinent to many crypto assets ranked among the top ten. According to Google Trends, NFT search traffic is currently dominated by Asian nations, with China, Uganda, Singapore, Hong Kong and the Philippines topping the keyword’s search rankings. The month before the spike, China’s Tencent launched its NFT trading platform Huanhe and Alibaba launched a marketplace allowing users to trade licences to create NFTs from copyrighted content.

The PugApe Society ecosystem is a perfect combination of high-quality, entertaining NFTs utilized uniquely. PugApe Society becomes a fully fleshed ecosystem comprising other tokens that are going to be adding the value required to make this not only a great collectible but potentially reveal a true store of value for any owner. Their mission is to present users with one of the most innovative and original NFT experiences that brings them value and allows complete immersion into their world. Moreover, they have a large in-house team, complemented by external partner teams, some of the most experienced creators in the Crypto sector.

Meme coins are nothing new in the world of cryptocurrency. The world-famous Dogecoin (DOGE) was created in 2013 as a joke based on the popular Shiba-themed meme of the time. Software engineers Billy Markus and Jackson Palmeras released the coin as an entertaining way of entering the world of crypto. However, it wasn’t until 2021 that DOGE, backed by Elon Musk, really took off. I nternet culture has long been synonymous with memes. However, 2021 has seen the emergence of meme investing across both Wall Street and the world of cryptocurrency.

In 2021, Facebook re-modelled itself to Meta, in a bid to represent and extend the fantastical idea of Metaverse- a living, breathing, thriving alternate world, essentially a virtual environment, where you can have different, innumerable, life-like characters and identities, which play cricket, read Shakespeare, work at an upscale cafe anywhere you want in the world, cook your favourite dish. Maintaining the momentum, the much-beloved, crypto-gaming pioneer Axie Infinity, which allows players to purchase digital pets also witnessed a substantial rally in its native token, Axie Infinity Shard.

With large amounts of capital locked into illiquid NFTs, more people are looking for ways to unlock liquidity without selling their NFTs. Founded by Stephen Young in February 2020, NFTfi acts as a marketplace where users can get a cryptocurrency loan on their NFTs and offer loans to borrowers against their NFTs. In other words, users can use their NFTs as collateral to get loans from other users on the decentralized and peer-to-peer system. This market is one South African company NFTfi targets and has raised a seed round of $5 million to continue pioneering the financialization of NFTs. 

  1. gives 95% cut to mobile game devs and launches NFT monetization, a sister company to Android-PC gaming firm BlueStacks, has launched a mobile cloud platform to expand the reach of game developers, and now it is adding a generous revenue split and NFT monetization for the devs. While most platforms charge a 30% royalty for hosting games, is taking just a fraction of that as its fee. And it has introduced a first-of-its kind cloud payments and nonfungible token (NFT)-based monetization model for mobile games on the cloud and Apple and Google app stores.