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Blue Chip NFTs 101: The World Of Women Collection, Including And Conquering

The World Of Women NFT collection has great marketing, strong leadership, and first-mover advantage. Plus, a flourishing community. Also, behind the punks and the apes, these ladies seem to have the biggest celebrity support. From World of Women’s partner Reese Witherspoon to Eva Longoria, to Bryce Dallas Howard; from Snoop Dogg to Gary Vee, everyone wants to be a part of the club.  Launched in July 2021, the WoW digital collectibles are technically ERC-721 tokens. The collection lives in the Ethereum blockchain, and its high-quality images are hosted on IPFS. Like most successful NFT collections, the images aim at becoming profile pictures or PFPs. The World Of Women consists of 10,000 unique algorithmically generated pieces. The collection’s main artist is Yam Karkai. Among other things, World Of Women holders get immediate intellectual property rights over the piece they own. And they can download a high-resolution version with ease to use it as they please. They become automatic voting members of DAWOW, the DAO that controls the World Of Women community. And they’re part of a club that each month receives “ArtDrops,” free NFTs from interesting artists from around the world directly into their inbox. Plus, they also get members-only discounts, raffles, pre-sales, and mint passes.  So, utility is strong in this NFT collection. The main reward, though, is being part of an organization that’s a net positive for women and inclusion worldwide. So far, World Of Women has donated over $250K from the collection’s royalties to women-centric charities all over the world. They even have their own nonprofit, Too Young to Wed’s “mission is to empower girls and end child marriage globally.” World Of Women also commits a percentage of their royalties to buy 1/1 NFTs from women-centric artists. Recent World Of Women Projects According to World Of Women’s About Us, this is the organization’s vision: “WoW’s vision is to build an inclusive web3 through its collection and community. According to research published in Nov. 2021, female artists accounted for just 5% of all NFT art sales in the prior 21 months. WoW is on a mission to change this.” The original World Of Women collection is only available on the secondary market, the floor price at OpenSea is 4 ETH and the collection has a total transaction volume of 70.8 ETH. Recently, the organization sold out its second collection, World Of Women Galaxy. Holders of the originals got a free mint and retail customers could mint them for 0.3 ETH. The idea was to lower the entry price to get new people into the community. Currently, the secondary market values the WoWGalaxy collection at a 0.47 ETH floor price at OpenSea. So, the entry price is still low. Related Reading | Blue Chip NFTs 101 – How Did Moonbirds Conquer The World In A Bearish Market? More recently, in March this year, World Of Women announced a partnership with the Sandbox metaverse. Both organizations launched the WoW Foundation with the objective of promoting diversity both in the NFT world and the metaverse. WoW & WoWG holders, if you’re interested in hosting meet-ups in your city but don’t know where to start – tag me on our discord! let’s do more of these 🤩 upcoming meet-ups –#WoWToronto : june 4th @nft_leen #WoWNYC : june 7th @mebynetta rsvp in meet-up threads!!! 👋 — kashvi 🦉 (@kashviETH) May 29, 2022 The organization has also created derivative pieces, like the Mother Earth Muse collection. For these limited-edition NFTs, they gave eight photographers the task of recreating some of the classic original WoW pieces. With actresses, in the real world. All of the profits from this endeavor went to the artists, the WoW community, and charity organizations. ETH price chart for 07/01/2022 on Poloniex | Source: ETH/USD on TradingView.com WoW As Art Collectors The WoWFund curates the collection, places bids, and acquires. The fund announces all of its moves through the organization’s Twitter feed. The funding comes from 15% of the primary sale royalties. The WoWFund’s focus is 1/1 NFTs, as opposed to generative art collections like World of Women.  Welcome to the @worldofwomennft Museum! ♀ A breathtaking shrine that will highlight the work collected by the WoW Fund, which aims to bring visibility to outstanding artists in the #Web3 space. Created by @nabiya_creative. Discover more! ⤵️https://t.co/w55FEwKjSZ pic.twitter.com/B8WCpc7kzo — The Sandbox (@TheSandboxGame) June 27, 2022 The organization recently unveiled the World of Women Museum in the metaverse. The Sandbox described it as “a breathtaking shrine that will highlight the work collected by the WoW Fund, which aims to bring visibility to outstanding artists in the Web3 space.” 🖼 WoWFund June curation 🖼 We placed a bid on "Veiled Beauty" by @wafudraws, an artist from India 🇮🇳 “Paying homage to the Kishangarh school of arts, the signature graceful features, including arched eyebrows, lotus-like elongated eyes and pointed chin have been maintained.” pic.twitter.com/nc8Nud8Uj5 — World of Women (@worldofwomennft) June 29, 2022 World Of Women ’s Real-World Impact The organization is committed to bringing more women into DeFi and Web3. Reportedly, World of Women will create an academy geared toward educating women and guiding them through this wild-wild world. The academy will focus on minority and underrepresented groups.  Besides that, the organization recently held a meetup in meatspace, more specifically in Los Angeles. The event was such a success, that WoW’s community manager tweeted: “WoW & WoWG holders, if you’re interested in hosting meet-ups in your city but don’t know where to start – tag me on our discord! let’s do more of these.” And announced a meetup in NY and another in Toronto. Huge thanks to @nft_leen and @NiSangria for organizing the first (and hopefully more) #WOWToronto meet up! Great atmosphere and amazing commity. @worldofwomennft pic.twitter.com/4b2Yf1iUcR — Sal (@i_amSamm) June 5, 2022 Last but not least, World Of Women recently closed its participation in the NFT NYC conference with a performance by no other than Madonna. What an honour to host #WoWFinallyEnoughLove, a celebration of Pride, on the closing night of NFT NYC with queen @madonna! 💜✨ Thank you WoW family for being a part of this journey, we hope you had the experience of a lifetime 🌈 pic.twitter.com/iHAo63R1hV — World of Women (@worldofwomennft) June 28, 2022 On the left there, Yam Karkai, WoW’s main artist. Oh, and speaking about celebrities… What Does Reese Witherspoon Have To Do With It? The actress’ production company, Hello Sunshine, signed “a storytelling partnership” with World of Women. The idea is to create “entertainment properties” based on their IP and produce a “live event” in conjunction with other women-centric NFT projects. Variety quotes Reese Witherspoon detailing the plans: Related Reading | Blue Chip NFTs 101 – Let’s Travel To Space With The Doodles Collection “We’re proud to partner with WoW to expand their universe of characters and to develop innovative scripted and unscripted content. We look forward to engaging with the remarkable WoW community at every step of this partnership and creating opportunities for WoW holders to work collaboratively with Hello Sunshine on transforming the WoW art into powerful stories.” Will something come out of it? Will the public react favorably to it? Hollywood is a harsh mistress, nothing is guaranteed. If Reese and World of Women succeed, though, it could translate into big things for this collection’s holders. The WoW story is just beginning. Featured Image: Screenshot from WoW’s website| Charts by TradingView

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Why Bitcoin Could Return To $28,000, But By The End Of 2022

Goldman Sachs analysts believe Bitcoin and the crypto market could see some relief, but only further short and mid-term turmoil. A recent report from the banking institutions claims the crypto market has been moving in tandem with the U.S. stock market and thus it has been affected by the macro-economic environment. Related Reading | Why Bitcoin Could Collapse Another 50%, Says Michael “Big Short” Burry The analysis was conducted by Marion Laboure and Galina Pozdnyakova and it predicts a 30% rally for Bitcoin by the end of 2022. This is still far from the cryptocurrency’s previous all-time high of around $69,000. The report fails to provide reasons that support the bearish theory. The analysts believe that Bitcoin’s correlation with the stock market will continue to play against it, and while they predict a bounce in equities, they believe BTC’s price will lag in terms of performance. For the stock market, the Goldman Sachs analysis predicts a resume on its bullish momentum and a potential bounce to its January 2022 levels. In the meantime, Bitcoin could reach $28,000 which is over $10,000 less than its January 2022 levels. Why will BTC underperform the stock market? It is unclear. As usual for legacy institutions, the analysts dismissed Bitcoin’s fundamentals and compared it to the diamonds market which they claimed to bloomed on the back of “marketing”: By marketing an idea rather than a product, they built a solid foundation for the $72 billion-a-year diamond industry, which they have dominated for the last eighty years. What’s true for diamonds, is true for many goods and services, including Bitcoins. The analysts wrote the following on the factors that contribute to the complexities of measuring the value in Bitcoin and other cryptocurrencies, and why this could increase its downside risk: Stabilizing token prices is hard because there are no common valuation models like those within the public equity system. In addition, the crypto market is highly fragmented. The crypto freefall could continue because of the system’s complexity. The Short-Term Horizon For Bitcoin As NewsBTC reported, experts more familiar with the crypto industry believe Bitcoin and other large cryptocurrencies by market cap will keep on following the stock market. Former CEO of crypto exchange BitMEX Arthur Hayes expects this correlation to contribute to the decline in BTC’s price. However, at some point during 2022, the crypto market will start to decouple from stocks and the U.S. major equities indexes, the S&P 500 and Nasdaq 100. The bullish momentum for the digital assets could be supported by a decline in both the value of legacy markets and a downside trend in terms of correlation with cryptocurrencies. Related Reading | Ethereum (ETH) Bends Toward $1,000 As Doubt Fills Crypto Markets As Hayes explained, that’s when you want to pay attention: For me to hoist the flag in support of selling fiat and buying crypto in advance of an NDX meltdown (30% to 50% drawdown), correlations across all time frames need to trend demonstratively lower.

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Binance’s CZ Believes The Value Of Crypto Is Increasing, Despite Bear Market

Changpeng Zhao Reveals The Magic Behind Binance's Huge Success In Recent Years

Changpeng “CZ” Zhao, Chinese-Canadian business executive and CEO of the world’s largest cryptocurrency exchange, Binance, has stated that he believes the value of crypto is increasing. This comment comes amidst the current crypto winter that has seen a lot of digital assets plummet by surprising margins. CZ admits that crypto prices will dwindle along the […]

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New Bitcoin Record Paints Incredibly Bearish Picture As BTC Struggles At $19,000

Bitcoin has been setting new record trends with the bear market. This follows a bull market that had also deviated largely from its predecessors, so it comes as no surprise that the subsequent near market mirrored this behavior. Various new trends in bitcoin’s movement have cemented a bearish picture for the digital asset, and the latest in the line of records has only done more to cement this sentiment. Worse Quarterly Close In More Than A Decade Bitcoin has been in existence for about 13 years and in that time, the barely teenage-aged market has recorded its fair share of bad quarterly closes. However, in the last 11 years, none have been as brutal as the close that was recorded on June 30th. After a month of incredibly volatile prices, the month had closed out the quarter with three consecutive red monthly closes.  Related Reading | Bitcoin Enters Hibernation Mode As Network Activity Lulls This comes hot on the heels of the market crash that had rocked the market this year. Bitcoin which leads the market had fallen about 60% from its price at the beginning of the quarter and had brought down the entire market with it. This had seen the crypto total market crash drop below $1 trillion for the first time in a 16-month period. The digital asset had closed the month at $19,918 after entering the month with an average price of $30,000. This had dashed the hopes of investors and the decline has left in its wake a number of events that continue to threaten the prices in the cryptocurrency market.   BTC struggles to hold $19,000 | Source: BTCUSD on TradingView.com Bitcoin Investors Are Not Impressed Even though predictions had been incredibly bullish for the year 2022, it has since gone sideways. This has triggered investors to move their funds out of the market for fear of incurring more losses. Also, following previous historical trends, it remains highly possible that the digital asset may crash more before there is any significant recovery. Related Reading | Decline In Ethereum Futures On CME Suggests Institutional Investors Are Still Bearish Looking at the indicators, it shows that bitcoin has struggled to hold the important technical levels required for a recovery in the short term. It has been trading below its 200-week moving average for the first time in history, and this has deepened negative sentiment in the market. Although the digital asset has been moving away from established historical trends, there is still a high chance that it follows some of the previous market movements. One of these is when the bottom is usually in. Sticking to this would mean that the price of bitcoin will likely touch as low as $12,000 before the next bull trend resumes. Featured image from Coin News, chart from TradingView.com Follow Best Owie on Twitter for market insights, updates, and the occasional funny tweet…

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Crypto Market Liquidations Surges Past $250 Million As Bitcoin Declines Below $20,000

With bitcoin’s decline below $20,000, the crypto market liquidations have ramped up once more. The market which had been regaining some semblance of normality has now lost its hold. As bears continue to drag down prices across the space, traders are being liquidated left, right, and center. Although the liquidations have not been record-breaking in […]

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Why Bitcoin Could Collapse Another 50%, Says Michael “Big Short” Burry

Former hedge fund manager Michael Burry made another bearish prediction for Bitcoin and traditional equities. Renowned for his short position which preceded the U.S. housing market crash, and one of the periods in recent economic history for the world, Burry believes more pain for BTC’s price is ahead. Related Reading | Shiba Inu (SHIB) Shines Green In Pool Of Crimson – Who’s Buying? Currently, Bitcoin is trading at $19,400 with an 8% loss in the past 7 days. The cryptocurrency was moving sideways around its 2017 all-time high levels, $20,000, but the market took yet another turn to the downside and might re-test its yearly lows near $17,000. This could be a fraction of future losses, according to Burry. The former hedge fund manager has been bearish on BTC seems the cryptocurrency was trading north of $60,000, in October 2021. Via his Twitter account, Burry asked his followers tips on how to short a cryptocurrency: Ok, I haven’t done this before, how do you short a cryptocurrency. Do you have to secure a borrow? Is there a short rebate? Can the position be squeezed and called in? In such volatile situations, I tend to think it’s best not to short (…). A short time after, BTC’s price reached its current all-time high which could have resulted in major profits for Burry, if he was able to open a short position. In that case, he might still wait on taking profits, according to its latest prediction, traditional equities and BTC could experience more downside on the back of a bad earnings season: Adjusted for inflation, 2022 first half S&P 500 down 25-26%, and Nasdaq down 34-35%, Bitcoin down 64-65%. That was multiple compression. Next up, earnings compression. So, maybe halfway there. Some Good News For Bitcoin In The Short Term Two experts recently shared potential bullish catalyzers for Bitcoin, at least for a short period of time. Jurrien Timmer, Director of Macro for investment firm Fidelity, believes equities have a chance to rebound from their recent crash. However, Timmer believes the risk-off season could extend further while bond yields trend upwards. In the upcoming earnings season for U.S. publicly traded companies, one could provide more clues on what’s next for the market, including Bitcoin which has been displaying a correlation with traditional equities. With bond yields down and equities up, the correlation between the two asset classes remains slightly positive on a 12-month basis. It’s rare to see the Z-score for both stocks and bonds so negative at the same time. pic.twitter.com/BhJ8BklPmo — Jurrien Timmer (@TimmerFidelity) July 1, 2022 On the other hand, Bloomberg Intelligence Mike McGlone has been expecting a drop in the price of commodities. If these assets trend to the downside, the Fed might slow down on its economic tightening and provide risk-on assets like Bitcoin with some room for relief. Commodities rallying often indicate high inflation, they suggest the opposite when they trend to the downside which could suggest the U.S. financial institution might be succeeding at cutting down inflation, currently their apparent number one priority. McGlone said: Commodities Aren’t Complicated, 1H Was High: When the history of 2022 is written, there’s a good chance that the 1H pump in commodity prices will play out like similar surges in the past, with a reciprocal dump. Timmer and other experts believe that negative news on the economy, talks of economic recession, and a sustained market crash might allow the Fed to become more dovish on its monetary policy. The market has reacted to the downside as a result of the Fed, but some believe this will be insufficient to stop inflation. Related Reading | Ethereum (ETH) Bends Toward $1,000 As Doubt Fills Crypto Markets Fed Chairman Jerome Powell has expressed doubts about a less aggressive monetary policy. In an interview with The Wall Street Journal, Powell said bringing down inflation will result in “some pain” for global markets. Does this mean Burry will be right as in 2008?

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Crypto Market Loses $60 Billion As Bitcoin Dips Below $20,000

As of June 28, the bitcoin price fluctuated slightly above the $20K mark. However, toward the end of the day, it eventually dropped to $20K. The market watch also noted the bearish state in the price of most altcoins. These include DOGE, AVAX, SOL, and many others. Drawing from June 29 data, Bitcoin’s price has finally plunged below the $20K mark. Many renowned cryptos like the Ethereum, Shiba Inu, and Doge tokens also feel the heat of the bearish turn in the market. Bitcoin Lost The $20,000 Price Mark According to the news last week, Bitcoin made several attempts to come off the loss in value. During that time, its price shot from $17,500 to $21,000. This was a recovery from its 18-month low price mark. It sustained this $21K price mark until it hit its 10-day high price, a little over $21,800. Suggested Reading | Bitcoin Slides Under $20K – Another Collapse In The Offing? The journey to a higher price became abortive for BTC, and it eventually dipped lower than $21K. It attempted to hit this price, but all attempts proved unsuccessful. BTC’s unsuccessful attempts to appreciate eventually turned into a bearish trend toward $20K. According to the news on June 28, it managed to get slightly above the $20K benchmark. From today’s market watch, the price of Bitcoin has plunged below $20,000. At the time of writing, it is still fluctuating below this price, bringing its market cap below $400B. The Effect On Other Digital Tokens The bearish movement of Bitcoin’s price affects the rest of the digital tokens. This explains the several red bars in the crypto market chart. During the last weekend, Ethereum attempted to go higher amid the bearish state of the market. At the time, ETH was trading at $1,200. However, this did not last too long as Ethereum’s price currently sells at $1,116, about a 6.5% daily decline in price. According to the altcoins price data from CoinMarketCap, BNB now trades at $219. This is about a 7.5% 24 hours plunge in its price. There are other altcoins down trend records like SOL, DOGE, SHIB, and XRP, to mention a few. Suggested Reading | Ethereum (ETH) Hammered Down To $950 As Crypto Selloff Deepens Also, despite the slight appreciation of the LEO, Tron, and Cardano tokens, they remain in the chart’s red zone. So, judging from the current state of all crypto assets from 2 days back, the total dump in the overall market cap sums up to $60B. Adding this figure to the total drop in the market cap since the beginning of the bearish trend equates to $900 Billion. Featured image from Pexels, chart from TradingView.com

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Bitcoin Sees Worst Quarter In 11 Years

The leading cryptocurrency in the world, Bitcoin (BTC), saw its worst quarter-over-quarter drop in 11 years. According to data from CoinGecko, BTC has lost over 57.43% in the second quarter of 2022. Additionally, by selling below $19,000 on the final day of Q2, Bitcoin had its most significant quarterly loss in more than a decade. The current state of the Bitcoin market is not good. The position was favorable even at the end of Q1 when it was approaching close to $50,000. But after that, things became more complex, and the price kept dropping. Related Reading | TA: Ethereum Trims Gains, Why ETH Remains At Risk Below $1,100 From $45,524 at the beginning of the year, bitcoin slid to a low of $17,593.2 on June 18. It recorded its worst-performing quarter as a result of its persistently negative price moves, which have seen it drop below $20,000 several times in June. According to CoinGecko data, BTC dropped by 38% over the month of June and is currently trading at $19,447.62. Since its launch in January 2009, the price of bitcoin has been on an up-and-down Ferris wheel. Like Q2 2021, the second quarter of 2022 will be referred to as the “Bloodiest Quarter In Crypto. Quarter 2 of last year lost more than 40% of its value.  Concerns About Risks Due To Market’s Downturn Situation After the news that the Federal Reserve is preparing to reduce liquidity in the financial markets, Bitcoin fell precipitously and the downturn continued. Investors avoided riskier assets because of rising inflation and interest rates. As a result, the market lost huge profits.  Throughout the quarter, several significant problems have surfaced. For example, Celsius; recently, the firm decided to halt all account withdrawals, raising concerns that the business would soon go bankrupt. Cryptocurrency exchange CoinFlex also stopped customer withdrawals on June 23, due to the harsh market conditions. CEO of CoinFlex, Mark Lamb stated: Due to extreme market conditions last week & continued uncertainty involving a counterparty, today we are announcing that we are pausing all withdrawals. Moreover, on the other hand, regulators have become ever more concerned about cryptocurrencies’ hazards. Everyone is terrified due to the recent failure of TerraUSD (UST) and the issues experienced by crypto lenders, including Celsius. In order to address the possible threat that crypto-assets can bring to the financial system, the European Systemic Risk Board (ESRB) urged urgent regulation to solve the situation.  Related Reading | Avalanche Might Continue Its Downtrend As Price Slips To $16  In a report on June 30, the EU stated: While potential systemic implications stemming from these market segments currently seem limited, systemic risks could materialise quickly and suddenly. Europe is not the only one. There are 103 countries listed in November 2021 whose governments urged their financial regulatory agencies to set legislation and policies for financial institutions concerning cryptocurrency. Including France, Germany, Japan, Mexico, and many others.   Featured image from Flickr, chart from Tradingview.com

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Ethereum (ETH) Bends Toward $1,000 As Doubt Fills Crypto Markets

Ethereum (ETH) traded in tandem with risky assets on the final session of the first half of the year, due to persisting fears of greater inflation and rising interest rates. Some analysts say this might set the stage to more decreases heading into the third quarter. Following a four-day losing skid, ETH’s price fell roughly 6 percent to $1,044 on Thursday. The ETH/USD pair has also broken below its interim rising trendline support, creating an “ascending triangle” pattern in conjunction with a horizontal trendline resistance to the upside. The Ethereum (ETH) price graph displays a five-day losing run that contradicts the comeback rally from the previous week. In addition, the decreasing price may reach the psychological $1,000 mark, suggesting the sellers’ effort at a further decline. Source: TradingView.com Ethereum Breaches Vital Support Level Suggested Reading | Shiba Inu (SHIB) Shines Green In Pool Of Crimson – Who’s Buying? In the past several hours, the price of Ethereum has breached a crucial level of support, falling below $1,000. The Fibonacci retracement indicator suggests that there are no strong support levels for ETH that could maintain price stability. Consequently, any selling pressure may result in another decline to $900 or even lower. Ethereum is scheduled to receive the ‘Merge’ upgrade, a long-anticipated reformation that the global investment community has expected. The upgrade intends to transition the blockchain from proof-of-work to proof-of-stake, a considerably more energy-efficient project that may also have an influence on transactions and crypto trading experiences, making it more effective. But the launch announcement has not had the same effect on the investing community. The price of Ethereum continued to retreat with Bitcoin. ETH total market cap at $127 billion on the daily chart | Source: TradingView.com To have a chance of refuting the bearish view, the second-largest cryptocurrency by market cap must recover $1,100 as support. Since middle of June, Ether had been running within an ascending triangle. On June 29, Ether broke below the triangle’s lower trendline, accompanied by a surge in trading volumes that confirmed traders’ certainty about a further downturn. Suggested Reading | Bitcoin Slides Under $20K – Another Collapse In The Offing? As a result, the downside goal for ETH for the third quarter, based on the ascending triangle formation, is about $835, which is almost 20% lower compared to the price on June 3. During the Asia-Pacific trading, the price of Ethereum surpassed the previous day’s peak. However, as soon as the European session began, the price plummeted below its opening level. Curiously, stocks declined in a similar manner. It is becoming increasingly evident that Europe and the United States are approaching the next phase of the global correction before entering recession, which is beginning to appear inevitable. Featured image from Crypto Basic, chart from TradingView.com