Tesla and SpaceX CEO Elon Musk showed no support for the Metaverse and Web 3 ecosystem as he dismissed the terms for being used as buzzwords and marketing tactics."I don't see someone strapping a friggin' screen to their face all day," said Elon Musk, Tesla and SpaceX CEO, in an interview with The Babylon Bee when asked about his thoughts on the Metaverse ecosystem. "I don't … [Read more...] about Elon Musk thinks Neuralink is better than Metaverse in long term
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DeFi architect Andre Cronje said it’s time to give up on the inaccurate term “decentralized finance”
Andre Cronje, best known for creating the popular yield aggregator Yearn Finance (YFI), recently argued on Twitter that the DeFi sector should ditch the old buzzword and stop calling itself “decentralized”–in favour of a more accurate descriptive term.Although Cronje, who made a substantial contribution to the DeFi space, is ready to “retire” the coined term–not everyone agrees … [Read more...] about DeFi architect Andre Cronje said it’s time to give up on the inaccurate term “decentralized finance”
Shiba Inu makes a comeback, but are meme coins sustainable long term?
Shiba Inu hit a two-week high on Tuesday, of $0.00005463, before profit-taking gave up most of the gains to close the day at $0.00004729.Source: SHIBUSDT on TradingView.comFollowing an incredible October, in which $SHIB peaked at+ 1,140% on October 28, it’s been downhill for the Dogecoin rival since.$0.00003807 marks a critical level of support for Shiba Inu, having bounced off … [Read more...] about Shiba Inu makes a comeback, but are meme coins sustainable long term?
Bitcoin (BTC) on-chain analyst reveals short term ‘bearish outlook’ as ‘supply shock’ looms
As Bitcoin dips back below $50,000, data is emerging of a possible short-term bearish outlook.Bitcoin supply shock dynamicsWill Clemente, self-described as a “Lead Insights Analyst,” anticipates short-term bearish action for the Bitcoin price. This, he explains, is due to three factors – a drop in illiquid supply ratio, BTC inflows into exchanges, plus profit taking by whales … [Read more...] about Bitcoin (BTC) on-chain analyst reveals short term ‘bearish outlook’ as ‘supply shock’ looms
3 reasons why Ethereum can hit $3K in the short term despite overvaluation risks
Ethereum’s native asset, Ether (ETH), dropped after reclaiming its two-month high in the previous session, suggesting that its recent bullish rally was nearing exhaustion. In detail, the ETH/USD pair topped out at $2,699 on Sunday for the first time since June 7. The pair’s peak level also pushed its relative strength index (RSI), a momentum-gauging indicator, above 70 — a mark … [Read more...] about 3 reasons why Ethereum can hit $3K in the short term despite overvaluation risks