Blockchain

A crypto trader took to X on November 15, predicting that FET, the native currency of Fetch.ai, an AI-centric platform, could be aligning itself for a “green path,” resuming the uptrend of the past few weeks. 

The analyst, @rektcapital, believes the recent price action on the weekly chart points to strength. Moreover, the possibility of FET bulls flowing back and driving prices above the immediate resistance level registered in early November remains elevated at spot rates.

FET Remains Bullish, Up 770% From 2022 Lows

Looking at the candlestick arrangement in the weekly chart, FET buyers have had the upper hand. To quantify, the coin is up 140% from July 2023 lows and may be preparing for even more upsides if prices break above $0.46 recorded in the first week of November. As it is, FET is up by over 770% from December 2022 lows when the coin plunged to as low as $0.0570. 

From technical analysis, FET recovered from around $0.17, representing the 78.6% Fibonacci retracement level of the trading range established in the first half of 2023. FET prices may rise, building on the bullish engulfing bars of late October and early November 2023, breaking above $0.46. This expansion, in turn, may create the base for the next leg up to $0.60, marking 2023 highs. 

Despite the current rally, whether FET prices will find the momentum to retest 2021 highs of $1.20 is still unclear. Even so, as FET expands, there is a notable change in participation levels, looking at trading volume, between 2023 and 2021.

Prices might be down 65% from the September 2021 peak, but associated trading volume is higher, suggesting more support. If trading volume is a leading indicator, it is highly likely that even if FET moves in a green path as @rektcapital predicts, the odds of the coin retesting 2023 and 2021 highs will be high and the uptrend possibly rapid.

Fetch.ai Building, Dominates Social Media Activity

In October, Fetch.ai launched DeltaV, an open platform allowing users to interact with Fetch.ai agents and services naturally and intuitively. With this solution, developers hope users will further explore the blockchain, utilizing its capabilities.

At the same time, Fetch.ai emerged as the leading crypto AI project by social media activity. With over 1,700 posts and over 409,000 interactions as of November 15, the platform is more popular than The Graph (GRT) and the Ocean Protocol (OCEAN).

So far, Bitcoin has demonstrated a unique trajectory over the past weeks, distinct from broader financial movements. While global markets have been riding buoyancy, with investors embracing a more risk-on attitude following softer US inflation data, Bitcoin has charted its own path.

Bloomberg reported since the release of the US data on Tuesday, an index of global shares surged by 2% on speculation that the Federal Reserve might halt interest rate hikes and lean towards reductions in 2024. In this context, Bitcoin has seen a decline in the short term but overall gains on the longer time horizon.

This unusual behavior has resulted in a significant shift in the correlation between Bitcoin and traditional stock markets. The report read:

A 30-day correlation coefficient for Bitcoin and MSCI Inc.’s gauge of world stocks now sits at minus 0.23, the most negative since the onset of the pandemic in early 2020.

This data corresponds with the expectation that falling bond yields and rallying equities, combined with a potential Federal Reserve policy reversal, would also benefit crypto like Bitcoin, often seen as harbingers of high-risk investment appetites.

Bitcoin’s Cautious Trajectory Amid ETF Anticipation

Furthermore, the dynamics of Bitcoin’s market behavior have so far proved to be notably influenced by anticipations surrounding US spot exchange-traded funds (ETFs) investing directly in BTC. Bitcoin had already surged over 100% in 2023, fueled by optimism over regulatory approvals for these spot ETFs.

In the past week, the asset has seen quite a retracement, dropping from trading above $37,000 last week to a current trading price of $36,434, at the time of writing.

Tony Sycamore, a market analyst at IG Australia Pty, notes that the recent selloff in Bitcoin could be attributed to ‘weak hands folding,’ given the absence of sustained upward momentum over the past week.

This sentiment reflects a cautious approach among investors, weighing the prospects of Bitcoin in the context of its recent performance and the broader expectations of developments such as the approval of a BTC spot ETF in the crypto space.

Further Sentiments On Bitcoin

Alongside Sycamore’s insights on Bitcoin’s price movements, other experts and analysts have shared their perspectives on this leading cryptocurrency. Financial commentator Tedtalksmacro pointed to a notable increase in open interest, hinting at possible significant market shifts or ‘fireworks’ ahead.

Another analyst, CryptoCon, predicts a surge in Bitcoin’s price. CryptoCon analysis suggests Bitcoin is entering its fourth mid-cycle phase, a crucial period for forecasting the crypto’s future direction. According to the analyst, this phase could lead BTC to a ‘mid-top’ cycle peak, potentially reaching around $45,500.

Conversely, JPMorgan analysts have expressed skepticism about the recent rally in the crypto market, suggesting it might be more speculative than substantive. Their report adopts a cautious tone, hinting that the market’s enthusiasm might not be fully grounded in strong fundamentals.

The analysts further highlighted the possibility of a ‘buy the rumor, sell the fact’ situation following the approval of a spot Bitcoin ETF, indicating a potential downturn after the initial hype.

Featured image from Unsplash, Chart from TradingView

DOGE and SHIB holders have had different things to talk about in the past month. As two of the most popular meme coins, Dogecoin and Shiba Inu seem pretty similar at first glance. Both digital assets have pushed themselves to the very best as they look to upgrade from the meme token status. 

Everyone seems to have an opinion on which one will make holders more money, but on-chain metrics reveal different victors for different time frames. According to IntoTheBlock’s profitability metric, more DOGE holders are making money since the launch of both assets. On the other hand, SHIB dominates in terms of profitability in relation to the present market price.

How Dogecoin And Shiba Inu Holding Up?

When it comes to profitability, Dogecoin has proven itself to be the top meme coin for holders over the long run. Despite being a meme coin, the crypto has grown to create a strong community and is one of the top 10 in terms of market cap. Shiba Inu has also closely followed behind in terms of growth, with constant updates to its ecosystem in hopes of creating real-world value for its holders. 

In terms of price action, both cryptocurrencies have had similar gains in the past month. DOGE is up by 24% while SHIB is up by 21.5%. However, on-chain data shows a varying level of profitability for traders.

IntoTheBlock’s profitability metric follows wallets that are “in the money,” “at the money,” and “out of the money.” “In the money” tracks those making a profit at the current price while “out the money” tracks those encountering losses. 

According to the Global In/Out of the Money, around 49% of holders are making money at DOGE’s price of $0.07394, while only 22% of SHIB holders are making money at its current price of $0.000008523. This is not surprising, as DOGE has existed for a longer time and has a higher market cap.

However, IntoTheBlock’s In/Out of the Money Around Price metric tells a different tale. This metric tracks addresses that bought around the current market price. According to this metric, 49.13% of DOGE addresses that bought between $0.062467 and $0.085278 are making a profit at the moment. 

On the other hand, a better portion of 59.21% of SHIB addresses that bought between $0.000007 and $0.000010 are making money at the moment. This shouldn’t come as a surprise, seeing as how SHIB has been experiencing better money flow and ecosystem growth over the past few months.

Price Prediction And Future Outlook

The future looks bright for both Dogecoin and Shiba Inu as both meme coins are starting to possess utility, an aspect in which Dogecoin has performed particularly well. So perhaps DOGE could reach the $0.1 mark very soon.

Shiba Inu is also poised to do well with continued Shibarium success. According to a price prediction from CoinCodex, SHIB’s price could hit $0.000009534 by December 11. However, the likelihood of SHIB reaching $0.1 is very small considering it has a total supply of 589 trillion SHIB tokens. 

On-chain data shows exchanges have registered Bitcoin deposits of about $1.2 billion in the past month.

Bitcoin Exchange Supply Has Seen A Significant Increase In The Past Month

As explained by analyst Ali in a new post on X, exchanges have seen hefty inflows recently. The relevant indicator here is the “balance on exchanges,” which keeps track of the total amount of Bitcoin in the wallets of all centralized exchanges.

When this metric’s value rises, these platforms are receiving a net amount of deposits right now. Generally, one of the main reasons investors would choose to transfer their coins to exchanges from their self-custodial wallets is for selling purposes, so a high amount of inflows can be a sign that a selloff may be taking place in the market.

On the other hand, the indicator’s value going down suggests the holders are withdrawing their coins currently. The investors usually transfer their BTC to self-custodial wallets to hold onto them for extended periods. This kind of behavior, when sustained, could prove to be bullish for the price in the long term.

Now, here is a chart that shows the trend in the Bitcoin balance on exchanges over the past couple of months:

As displayed in the above graph, the Bitcoin balance on exchanges has been rising during the past month, suggesting that a net amount of supply has been constantly flowing into these platforms.

This latest uptrend in the indicator started around when BTC’s recent upward push began, a potential sign that the deposits were being made to take advantage of the profitable exit opportunity.

The metric’s rise had been slow at first, but after Bitcoin’s latest adventure above $37,000, the exchanges have seen a sharp growth in their supply. This elevated selling pressure could be why the asset has slowed down in the last few days.

The exchanges have received inflows of about 34,000 BTC in the past month, equivalent to about $1.2 billion at the current exchange rate. While this is significant selling pressure in the short-term, this amount is still not much in the grand scheme of things, as the total balance on exchanges is of the scale of more than 2.5 million BTC right now.

The recent increased selling pressure in the market is also visible in the form of the number of addresses owned by the whales (entities holding at least 1,000 BTC), as the chart shared by the same analyst shows.

The number of addresses under this cohort has seen a notable decline recently, implying that these humongous investors have been selling off their coins and exiting the sector.

BTC Price

Bitcoin has registered some decline during the past few days as its price is now floating around the $36,000 level.

Is your Bitcoin wallet shackled by the outdated chains of 2016 technology? Brace yourself, for trouble may be lurking in the shadows, ready to pounce on the unsuspecting.

In the fast-paced realm of cryptocurrency, your digital fortress could be nothing more than a relic of the past, leaving you vulnerable to the merciless winds of technological evolution.

Recently, cryptocurrency startup Unciphered revealed a potential security threat to Bitcoin wallets created prior to 2016.

Known as “Randstorm,” this software flaw encompasses a combination of bugs, architectural choices, and API (Application Programming Interface) modifications that heighten the vulnerability of Bitcoin wallets crafted between 2011 and 2015.

The genesis of this issue dates back to last year when Unciphered was assisting a customer who found themselves locked out of a Bitcoin wallet originally created on what is now recognized as Blockchain.com.

Unveiling The Risks: The Potential Perils Lurking In A 2016-era Bitcoin Wallet

During the investigation to recover the wallet, Unciphered stumbled upon a critical flaw in wallets generated by BitcoinJS between 2011 and 2015.

Unciphered, in its report on Tuesday, highlighted the significance of this flaw, suggesting that it may have impacted approximately 1.4 million Bitcoin.

This means, that if 3 to 5 percent of these wallets were affected, the potential value of the at-risk coins could range from $1.2 to $2.1 billion.

Eric Michaud, co-founder of Unciphered, stated that BitcoinJS was severely flawed until March 2014, and anyone using it directly faces a significantly high risk of being attacked.

Unciphered has dedicated several months to notifying a substantial number of individuals, over one million, on the vulnerability of their wallets.

The Dangers Of Holding Wallets On Obsolete Crypto Platforms

A significant number of individuals remain uninformed due to their possession of wallets constructed on defunct digital currency platforms.

Unciphered clarified that finding vulnerabilities doesn’t imply that Bitcoin or technology, in general, is fundamentally flawed. Instead, it reveals a chain of programming errors that occurred across various technologies from 2011 to 2015.

There are serious problems in a lot of the wallet code, Unciphered has discovered, and the companies who employed that technology may vanish.

Despite that, though, it serves as a stark reminder that open-source projects that little to no one oversees lie beneath software infrastructure of all types, even those specifically aimed at raising capital.

Michaud asserted that imperfections within every human-made technology stem from its creators.

“Every man-made technology contains flaws that originate within its creators,” he said.

The wallets’ software developer, Stefan Thomas, told The Washington Post that he created the wallets as a pastime. He said that without checking the program’s validity, he had stolen a significant portion of the code from a page belonging to a Stanford University student.

“Instead, I was obsessed about making sure that I didn’t make any mistakes in my own code […] I’m sorry to anyone affected by this bug,” he added.

In layman’s words, Unciphered called the vulnerability “Randstorm” since wallet software that produced cryptographic keys wasn’t sufficiently random was the source of it.

They produced electronic keys with a randomness factor that was easier to hack, only one in a specific number of thousands, as opposed to ones that were incredibly unique and hard for someone else to copy (like one in a trillion odds).

Navigating Cryptocurrency’s Hostile Landscape

Security expert Dan Guido said that the world of cryptocurrency is quite unfriendly. It’s filled with individuals attempting to undermine what you’re constructing, whether through hacking attempts, regulatory challenges, or others keen on causing harm to Bitcoin.

“Crypto is a pretty hostile place, to be honest, full of people attacking what you’re building,” he said.

As the curtains draw on the unsettling revelation of the “Randstorm” vulnerability, it’s a stark wake-up call for those still tethered to Bitcoin wallets from the pre-2016 era.

The ominous specter of technological evolution looms large, and the recent exposé by Unciphered sheds light on the potential peril faced by those oblivious to the vulnerabilities embedded in their outdated digital fortresses.

(This site’s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk).

Featured image from WJHG

An Ethereum insider has made startling allegations against Ethereum Founder, Vitalik Buterin, stating that the Russian inventor had copied his creations. 

Nerayoff Accuses Buterin Of Invention Replication

Former Ethereum Advisor, Steven Nerayoff has taken to X (formerly Twitter) to accuse Ethereum Founder, Vitalik Buterin of copying his inventions. Nerayoff criticized the intelligence of the current Ethereum leadership, making contentious remarks about Buterin and co-founder of Ethereum, Joseph Lubin.

“Vitalik slept on my couch & copied my inventions. He and SBF are images. They’re not smart because something seems off, something is off. The recording shows his and Joe’s stupidity and ignorance. Hear who understood Ethereum, me or them,” Nerayoff stated. 

The former ETH Advisor continued on his tirade of allegations, casting doubts on Buterin’s contributions to the network. He stated that Buterin had never invented anything substantial and that the ETH founder was the sole reason behind the network never scaling. 

The accusations also suggested that the only significant achievement in the Ethereum ecosystem was the issuance of utility tokens on ICOs, which Nerayoff claimed he had invented. 

Nerayoff also made startling revelations, accusing Buterin and Lubin of deliberately damaging the cryptocurrency by focusing on issuing fraudulent ICOs to unsuspecting investors and potentially harming them. 

“Did Vitalik invent anything? No, he did not. Ethereum never scaled bc of him. The only killer app was issuing Utility Tokens on ICOs, both of which I invented. Vitalik & Lubin sabotaged crypto. Their focus was merely to issue hundreds or thousands of fraudulent ICOs fleecing people,” Nerayoff stated. 

Ethereum Founder’s Scalability Competence Questioned

In an X post on Tuesday, Stephen Nerayoff presented thought-provoking questions to the crypto community about Vitalik Buterin’s Ethereum scalability capabilities. 

Nerayoff released a video on X by a community member, Mr. Huber which featured Vitalik Buterin describing plans for the ETH Network. He told the crypto community to remember the video when he eventually released evidential recordings of his conversation with Buterin about his ideas for ETH 2.0. 

“Remember this video when I drop the recording and what I tell Vitalik about 2.0 and to fix misaligned incentive structures. Is Vitalik the savior they bill him as to make Ethereum scale or is he the reason it never scaled? Decide for yourselves,” Nerayoff stated. 

The question raised by the former ETH Advisor has sparked debates and differing opinions about the Ethereum Founders. Although no proper evidence has been presented regarding the accusations laid against Buterin, the crypto community continues to watch and analyze the situation as it unfolds. 

XRP experienced a significant decline over the past week due to unprecedented market whirlwinds. However, the crypto asset has regained bullish momentum from this dip, signaling an upward trajectory.

XRP Experiences Rebound After Plunge

XRP daily chart has shown resiliency recently, pulling off a noteworthy rebound following a drop that unnerved traders and investors. The chart shows that the cryptocurrency is speedily recovering from its fall.

The recent price movement indicates that XRP might be approaching the $0.70 mark. The token’s capacity to stay above the 50-day and 100-day moving averages indicates a bullish outlook for the asset.

According to the chart, XRP may be ready for a run at the next resistance level, around $0.65, if it can sustain above the $0.60 mark. If the token manages to go past $0.65, the $0.70 mark seems plausible.

These averages are significant pointers frequently pointing to the market’s long-term prospects. The fact that the price of XRP is rising above these lines indicates that the market is very confident.

In addition, the digital asset’s RSI has leveled off following a brief excursion into the overbought area. This suggests that the recent price rebound was sustained market interest rather than a fluke. The RSI returns to neutral levels without a notable price decline, sparking possible future growth.

XRP’s market is on an uptrend; the token seems to have benefited from these positive market emotions by raising its price. The price of XRP is growing and might keep rising, per a crypto analysis by ProSignalsfx on TradingView. 

Nonetheless, the crypto asset is still relatively down from the $0.75 price mark it experienced on November 13. This was due to a false report shared by an X user about an exchange-traded fund (ETF) filing by BlackRock. However, the crypto experienced a price correction immediately after the report was debunked. 

The Crypto Asset Is Set To Do Well In The Next Bull Run

According to crypto influencer BoringSleuth, since XRP has no ties to the Chinese Communist Party (CCP), its price could gain impressively from the bull market. The influencer believes cryptocurrencies not connected with the CCP will benefit from the next bull run.

“The protocols that weren’t in bed with the CCP will be the benefactors of future bull cycles. A protocol like DAG, which works with the DOD is one example of a well-positioned protocol. XRP is another,” he stated. 

The crypto asset trades at approximately $0.639, indicating a 1.17% decline in the past 24 hours. Its market capitalization is currently at $34,288,273,612, indicating the same percentage decline in the past 24 hours, according to CoinMarketCap.

An analyst has explained how a pattern forming in the 3-day Ethereum chart could signal that a decline toward $1,700 may be coming.

Ethereum Has Recently Formed A TD Sequential Sell Setup

In a new post on X, analyst Ali talked about a sell signal that has taken shape in the ETH 3-day chart. The relevant technical indicator here is the “Tom Demark (TD) Sequential,” which is used to spot reversals in the price of any asset.

The metric is made up of two phases; a setup phase and a countdown phase. In the former, candles of the same polarity are counted up to nine following a reversal in the price. Once the ninth candle is hit, the indicator signals a probable top or bottom for the asset (depending on whether the trend until now was towards up or down).

Once the setup is completed, the 13-candle-long countdown phase begins. At the end of these 13 candles, a potential reversal once again takes place for the asset.

Ethereum has registered a sharp rally recently, but according to the analyst, the cryptocurrency has now finished with the setup phase of the indicator, implying that the asset could be heading towards a period of downtrend.

The below chart shows this pattern in the 3-day price of the coin:

In the same chart, the analyst has drawn an ascending triangle pattern for Ethereum. “Ascending triangles” are made up of two lines: one parallel to the x-axis drawn through the highs in the price, while the other is made by connecting higher lows.

Generally, the price feels resistance at the upper line and support at the lower one. A break out of either of these lines suggests a continuation of the trend: bullish in the case of a surge above the former, while bearish in the case of the latter.

From the graph, it’s visible that Ethereum has recently been retesting the $2,000 to $2,150 zone, which happens to align with the resistance level of this ascending triangle.

Thus, it’s interesting that the ETH TD Sequential setup phase has finished just as the coin has encountered this line that it has been rejected from in the past.

“A pullback from this resistance level could lead to a dip toward the triangle’s hypotenuse at $1,700, setting the stage for a potential uptrend continuation,” explains Ali.

The analyst also notes, however, that the $2,150 level could be one to keep an eye on as if the asset can see a 3-day candlestick close above this level in the coming days, the bearish outlook could be nullified.

ETH Price

Ethereum had risen above $2,100 recently, but the coin has seen some pullback in the past day, a potential sign that the sell signal may already be in effect.

Lido DAO has grown over the years to become the leading liquid staking protocol on the Ethereum network and its native LDO token has enjoyed tremendous success on the back of this. The protocol’s continuous growth has been purported to be what will push LDO to new all-time highs and one crypto analyst has revealed how high the token’s price could go.

Lido DAO To Beat Previous $7.22 All-Time High

Back in the bull run of 2020-2021, the price of Lido DAO’s native LDO token soared with the rest of the market and eventually touched its all-time high price of $7.22. Naturally, this has been the level that bulls have been trying to get back to that would put all holders back in profit. However, crypto analyst Weslad expects the altcoin to completely clear this all-time high price by at least a 4x.

In an analysis posted on the TradingView website, Weslad reveals the roadmap for LDO’s price to rise another 1,400% from here. According to the analyst, the LDO/USDT has been showing a “robust ascending triangle pattern.” This pattern, the analyst says, suggests that LDO could move to test the Neckline which is a critical supply zone for the asset.

The analyst who is obviously very bullish on LDO expects that this level will be breached and that the altcoin will eventually turn this resistance mark into support. “The Buy back area on the chart should give all the bull an opportunity to accumulate the coin before major move begins and at same time the chart indicates the outlined target,” Weslad says.

The first target in this setup is already above its ATH price at $9.,176. From here, the analyst expects another bounce up to take the Lido DAO price above $15.9, double its previous all-time high. But it still doesn’t end here.

A final setup outlined by the crypto analyst brings the next target to $29.3. After that comes the coveted $37 level, which is at the very peak of this expected rally.

Just below the buy back zone at around $1.9, the analyst outlines a stop loss zone below $1.473. “The stop loss range is an important area that need to be watched closely should incase price turn around,” the analyst warns.

LDO Enters Top Gainers

The bullishness surrounding Lido DAO and the native token LDO is not without metric, especially given the token’s performance in the last week. LDO has seen its price rise approximately 27% in one week to breach the $2.47 mark.

Even more impressive is its 24-hour positive moves that have come out to 10.5%. This rise puts it in the list of the top 10 gainers in the last day behind the likes of Kaspa (KAS) and PancakeSwap (CAKE).

LDO’s large transaction volume has also fallen in the last week which suggests that whales are winding down their activities. While this could mean there is not a lot of buying going on by these large whales, it also suggests there is not a lot of selling happening either. This could point toward a tendency to hold and wait for better prices rather than selling tokens now.

The price of Ethereum (ETH) exhibited superior performance compared to Bitcoin (BTC) in the previous week, mostly because of the registration of Blackrock’s Spot ETF, which instilled optimism that ETH will surpass its previous peak in 2023 and exceed $2,500.

In a groundbreaking twist since the Ethereum (ETH) Shanghai upgrade earlier this year, the value of Ether has triumphantly surpassed the $2,000 milestone, propelled by the recent surge in Bitcoin (BTC) towards the $38,000 mark.

Ethereum Breaks Past $2K

At the time of writing, ETH was trading at $2,054, up 7% in the last seven days, data from CoinMarketCap shows.

Despite the lingering uncertainty, cryptocurrency aficionados exude optimism, envisioning forthcoming profits as certain investors, driven by impatience, eagerly await the unfolding market dynamics.

Cryptocurrency on-chain data analysis firm Lookonchain unveils a spectacle of whale activity amidst the surge in Ethereum prices. The report highlights notable transactions, with one whale raking in a staggering $154 million profit, while another faces a substantial loss of $183 million.

Bullish or Bearish on $ETH?

Did SmartMoneys and Whales buy or sell $ETH over the past week?

1/

Here is a thread. pic.twitter.com/8yvCO0UI9H

— Lookonchain (@lookonchain) November 14, 2023

Within the thread, Lookonchain zoomed its lens on the whale using the “0xee47” address, showcasing a remarkable uptick in their Ethereum holdings by 3,200 ETH, equivalent to an impressive $6.7 million. The buildup signifies a significant advancement subsequent to the whale’s debut venture into ETH buys on July 5, 2022.

Currently, their portfolio consists of a significant amount of 183,740 ETH, which is estimated to be worth nearly $388 million. This indicates an unrealized profit of approximately $155 million.

ETH Price Gets Boost From Spot ETF Filing

Last week, the price of Ethereum experienced a significant increase, surpassing the $2,000 mark. This spike was attributed to the confirmation by BlackRock, a prominent investment management company, regarding their intentions to introduce an Ethereum Spot Exchange-Traded Fund (ETF).

This confirmation was made through a filing with the NASDAQ. According to on-chain data, a group of financially astute institutional investors engaged in significant purchases of Ether over the weekend, amounting to millions of dollars. This activity is likely a response to a positive news event that has generated optimism in the market.

The latest on-chain data supported the positive outlook for ETH. In particular whale transactions valued over a million dollars surged to their highest levels in seven months, as shown in the chart above.

Also, it was clear that the number of exchange names had grown. This supported earlier claims that whales were moving their hoards to make money.

(This site’s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk).

Featured image from Rhys A. via Flickr