Blockchain

The crypto market is bullish, with several altcoins charting notable gains. Solana (SOL) leads this charge, which has seen a roughly 35% increase in value over the past week.

This uptrend is not isolated to Solana alone; other major altcoins like XRP and Cardano (ADA) also enjoy significant upticks. This trend signals a potentially broader market recovery and offers a positive outlook for investors who have weathered a prolonged bear market.

Buying On The Dip: A Strategy For Growth 

Michaël van de Poppe, a renowned analyst in the crypto analysis sphere, has recently spoken out about the shift in market dynamics. In his view, altcoins are not just rising; they are breaking out, signaling a more profound change in the crypto ecosystem.

This breakout could be the indicator of an even more substantial growth phase for these digital assets, according to the analyst.

Amid this resurgence, Michaël van de Poppe has offered strategic advice to the crypto investment community. The analyst believes that the current prices of altcoins represent a dip in the market, presenting a prime opportunity for buying. With a clear shift in sentiment, the analyst encourages investors to capitalize on these lower entry points.

The analyst also draws an alignment between the current market conditions and the end of the bear market cycle 2018, suggesting that we may be on the cusp of a similar reversal.

With the US monetary policy tightening phase seemingly coming to an end, there’s an air of optimism that the bearish grip on the market may be loosening, according to the analyst.

Van de Poppe’s analysis also posits that the market is transitioning, setting the stage for the conclusion of the bear cycle and the beginning of sustained growth.

#Altcoins are breaking out significantly and I think majors are going to follow suit.

Time to load on the dips, it’s a different sentiment. Hiking policy is coming to an end -> end of bear market in 2018. End of bear market as we speak.

Enjoy the ride!

— Michaël van de Poppe (@CryptoMichNL) November 1, 2023

Altcoins: SOL And XRP Record Double Digit Gains Except For ADA

Meanwhile, before Van de Poppe’s analysis, Solana and XRP had recorded double-digit gains, with Solana taking the lead, recording a massive gain of 35% in the past 7 days. XRP saw a 10.5% gain over the same period.

Both assets currently trade at $41.51 and $0.60, respectively, at the time of writing, with SOL recording a mere increase of 0.2% over the past 24 hours and XRP gaining 1.4% in the same period.

While ADA has only seen a slightly lesser gain of just 5.8% in the past 7 days, the altcoin records the highest gain among these three top altcoins in the past day. ADA trades at $0.30, up by 6.5%, over the past 24 hours.

Featured image from Unsplash, Chart from TradingView

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The price of Celestia (TIA) has surged over 15% since yesterday, making it one of the biggest gainers on CoinMarketCap.

With the TIA token now hovering around $2.50, early investors are wondering just how high its price could go in the remaining weeks of 2023.

This article will take a closer look at Celestia’s price action, forecast where the token could be headed next, and highlight some of the most promising new cryptocurrencies that could be primed for a significant breakout.

Celestia’s TIA Token Surges After Mainnet Launch – Can the Momentum Continue?

It’s been a great start to life for Celestia, with the project’s mainnet going live on October 31 and TIA tokens airdropped to 580,000 users.

The hype around this event has resulted in a surge in demand for TIA, making it the 20th most-traded cryptocurrency globally.

Although the token is only a few days into its lifespan, investors are speculating that the uptrend could continue throughout November and beyond.

The token’s high of $2.86 on Wednesday is a natural target for bulls and may act as a minor resistance zone.

If TIA can breach this level, the token will be in uncharted territory.

The next level to watch will be the $3.00 and $5 marks, likely representing psychologically important barriers for TIA holders.

With the current momentum and hype around the token, TIA could certainly aim for these levels in the coming weeks.

However, sustainability remains a concern, given the likelihood of profit-taking after such an explosive debut.

Regardless of what happens, it’s clear that Celestia has captured the attention of the crypto community, with its rapid rise highlighting the enthusiasm for new projects.

Which New Cryptos Could Be Next to Surge?

While Celestia’s TIA token has been in the spotlight recently, several other emerging cryptocurrencies could be poised for a breakout.

As investors seek the next hot altcoin, the three projects below could have the ingredients needed to attract significant demand before the end of the year:

Access Cloud BTC Mining & Staking Using Innovative Bitcoin Minetrix Platform

First up is Bitcoin Minetrix (BTCMTX), a revolutionary platform that allows users to mine Bitcoin and earn rewards simply by staking their BTCMTX tokens.

This mechanism, called “Stake-to-Mine,” provides a more accessible way for users to participate in the mining process without needing expensive computing equipment.

Bitcoin Minetrix’s platform is still in development, although interested investors can buy BTCMTX tokens in advance through the project’s tier-based presale phase.

 

The price per BTCMTX token is currently $0.0114, although it will increase by 10% in just over four days.

Through this setup, those who invest the earliest are rewarded with a more attractive entry point – which could prove fruitful once BTCMTX is listed on the open market.

Alongside speculative potential, BTCMTX investors can also benefit from staking rewards of over 185% APY, with 222 million tokens pledged already.

If the development team can deliver on their roadmap goals, including a mobile app launch and partnerships with industry-leading cloud mining providers, then BTCMTX could be primed for an end-of-year surge.

Visit Bitcoin Minetrix Presale

Meme Kombat Gamifies Meme Culture with High Yields & Battling Mechanic

Next up is Meme Kombat (MK), a brand-new meme coin project that draws inspiration from the famous Mortal Kombat franchise.

Meme Kombat’s flagship feature is its Ethereum-based battle arena, where users can place bets using MK tokens on the outcomes of AI-powered battles.

These battles feature famous meme coin characters like Wojak and DOGE – providing an engaging gameplay experience for crypto enthusiasts.

On top of the battle mechanic, Meme Kombat offers a high-yield staking protocol whereby MK holders can generate APYs of 112%.

Notably, these yields begin accruing during the presale, with rewards able to be withdrawn once the platform officially launches.

 

From a tokenomics perspective, Meme Kombat’s team has allocated 50% of the MK supply to presale buyers and 30% for staking/battling rewards.

 

This highlights their community-focused approach – one of the main reasons that Meme Kombat’s presale has generated such traction in recent weeks.

 

The presale has already raised over $1 million and offers MK tokens at the low price of $0.1667.

With DEX listings scheduled for once the presale concludes, MK could be another exciting altcoin primed for a price surge.

Visit Meme Kombat Presale

Groundbreaking TG.Casino Offers Anonymous Crypto Gambling Integrated Into Telegram App

Lastly, TG.Casino (TGC) is a fully-fledged cryptocurrency casino integrated directly into the Telegram app.

By integrating with Telegram, TG.Casino can provide users with a seamless and intuitive gambling experience.

Users don’t need to download additional software or applications and can place bets anonymously since TG.Casino doesn’t require KYC verification.

Moreover, users can fund their accounts using crypto, including TG.Casino’s native TGC token.

Those who opt to place bets using TGC will be rewarded with 25% cashback on any sustained losses.

These elements are underpinned by a full gaming license from Gaming Curacao, along with end-to-end encryption to ensure user data remains secure.

TGC holders can even stake their tokens and earn yields exceeding 313% annually.

Like the two projects mentioned above, TG.Casino is still in its presale phase, yet it allows investors to buy TGC tokens before their open market debut.

TGC tokens are currently available for $0.15, although with over 66% of the allocation snapped up already, there’s a growing belief that the presale could sell out soon.

 

Visit TG.Casino Presale

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Bitcoin (BTC) witnessed a remarkable surge in its price, nearing the $36,000 mark, sending ripples across the cryptocurrency market. While multiple factors contributed to this price rally, one significant driver appears to be the decision by the US Federal Reserve to halt interest rate hikes, albeit with the potential for future increases. 

Additionally, the overall sentiment in the crypto market remains bullish, with a collective market cap of approximately $1.36 trillion, bolstered by the expectation of positive regulatory developments.

Institutional Focus

The recent listing of exchange-traded funds (ETFs) by prominent financial giants such as ARK Invest, BlackRock, and Invesco on the Depository Trust & Clearing Corporation (DTCC) site has ignited speculation about their strategic intentions. These ETF listings are a clear indicator that these financial powerhouses are aiming at capturing the attention of money-loaded investors and institutional players.

Such ETFs are designed to cater to the needs of larger investors who prefer a more regulated and mainstream entry into the crypto market. They offer exposure to Bitcoin without the need for direct ownership, making it an attractive proposition for institutions seeking to diversify their portfolios.

The move to list these ETFs on the DTCC, a crucial infrastructure provider for the financial industry, signals a growing acceptance and integration of cryptocurrencies within the traditional financial ecosystem.

Federal Reserve’s Influence On Bitcoin Price

The current BTC price, as reported by CoinGecko, stands at $35,365, reflecting a notable 24-hour gain of 2.5% and a seven-day increase of 2.0%. 

The decision made by the US Federal Reserve to maintain interest rates without further increases plays a pivotal role in the current state of the crypto market.

Federal Reserve Chairman Jerome Powell kept the possibility of future rate hikes on the table, dependent on macroeconomic conditions. While this move has provided temporary relief to crypto enthusiasts, the uncertainty about future rate increases still looms.

Historically, raising interest rates has been perceived as a bearish signal for risk-on assets, including cryptocurrencies. Investors often seek safer options when interest rates rise, as these assets are considered more stable and provide a better return on investment.

Therefore, the Federal Reserve’s decision to pause interest rate hikes has provided a favorable environment for BTC and the broader crypto market to flourish.

Can you spot the outlier? pic.twitter.com/y5IIY1fVyx

— ecoinometrics (@ecoinometrics) November 1, 2023

BTC’s Phenomenal Year-To-Date Growth

BTC’s meteoric rise since the beginning of the year cannot be understated, with a staggering 108% increase in value to date. This remarkable growth significantly outpaces other major investment options in the financial world. The implications of this metric are profound, as it highlights Bitcoin’s growing prominence as an investment asset, even surpassing traditional options like stocks and bonds.

Investors are drawn to BTC not only for its potential for substantial returns but also as a hedge against inflation and economic uncertainty. The year-to-date performance underscores the sustained interest in Bitcoin, driven by both retail and institutional investors, who recognize its long-term value and potential to reshape the financial landscape.

(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 iStock

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Data shows Solana whales have made large transactions towards exchanges during the past day, which could signal a selloff.

Solana Whales Have Deposited Tokens Worth $34.1 Million To Binance

According to data from the cryptocurrency transaction tracker service Whale Alert, a few large SOL transfers have occurred on the Solana blockchain during the past day.

Three of the transactions were all headed towards a centralized exchange: Binance. The first of these saw the movement of 256,652 SOL (worth about $11.3 million at the time of the transfer), the second 249,999 SOL ($10.8 million), and the third 282,695 SOL ($12 million).

As the amounts involved in these transfers are substantial, it’s safe to assume that whale entities were behind them. Since the whales are influential beings in the cryptocurrency ecosystem, their transactions can be worth keeping an eye on, as they may precede volatility in the price.

How their transfers may affect Solana depends on what they intend to do with them. As the details of the first of these transactions show below, it would appear that the transfer originated from an unknown wallet (which is possibly the whale’s personal, self-custodial address).

As the whale has moved their coins from self-custody to this central entity, they likely wanted to make immediate use of one of the services the platform provides. This includes selling, of course, but it’s hard to say from the transaction data alone whether that is the case here.

When looking at the surrounding price action, though, selling would appear like a reasonable possibility after all, as the SOL price has enjoyed a sharp rally recently that has put the asset 34% in the green for the past week.

It’s not unusual to see whales jumping at substantial profit-taking opportunities like this rally has provided. As such, if profit-taking is indeed the goal, then the rally could feel some impedance from the deposit.

Interestingly, the data of the other two Binance deposits from today reveals the addresses involved were the same as the ones in this transfer, implying that the same entity could be behind them.

The latest of these moves was made just a few hours ago, which might add merit to the theory that the whale is participating in selling, as Solana has seen an additional 10% uplift in the past 24 hours, so this humongous investor may be capitalizing on the opportunity.

Another whale has also made a large Solana transfer inside the window of the last day, but this move is between two unknown wallets, making it hard to guess what the purpose behind it could have been.

This $66.2 million move could have been for selling through a P2P deal, or perhaps it was something as simple as the whale changing addresses. Whatever the case might have been with this and the other transfers, though, Solana has managed to keep up its climb just fine so far.

SOL Price

Following the latest leg in the Solana rally, the asset has claimed the $43 mark for the first time in more than a year.

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Shiba Inu whales have been seen moving a large amount of SHIB on-chain once again. These movements come at a time when the price of the meme coin is on the rise, raising concerns about whether these large holders have decided to start selling their large stacks of coins.

Shiba Inu Whales Start Moving Coins

Over the last few days, whale tracker Whale Alert has reported two large Shiba Inu transactions carrying a massive amount of coins. The first was reported on October 31 where a single transaction was spotted carrying over 4.47 trillion SHIB worth $35.35 million at the time.

The next transaction came a day later on Wednesday, November 1, where another transaction carrying a large amount of SHIB was recorded. This transaction was similar to the first in that it was carrying 4.46 Trillin tokens. The dollar figure was however a little lower at $33.9 million at the time of the transaction.

These two transactions were some of the largest transactions so far for the coin in the last few months, and naturally, drew the concern of investors due to their destination. The origin and destination of these transactions can often tell if they’re eventually bullish or bearish for the SHIB price.

More Bullish Than Bearish For SHIB

Looking at the origin and destination of each transaction shows a higher tendency for it to be bullish than bearish for the coin. The first transaction was actually moved from an unknown wallet to another unknown wallet. This could suggest that the owner is moving the coins to other wallets for safekeeping.

However, there is also the possibility that this was an over-the-counter (OTC) sale. Even so, such sales are carried out in a bid to not affect the market price of a coin by not dumping the coins on the open market, which minimizes the impact.

The second transaction is even more bullish given that it is a withdrawal from a centralized exchange. As Whale Alert shows, the transaction was actually the movement of coins from the Bitvavo crypto exchange to a private wallet, which suggests accumulation.

Given that both of these transactions are not showing any indications of selling, it is likely that these whales are still keeping the faith and holding on to their coins. In such a case, it is more bullish than bearish for Shiba Inu.

Shiba Inu is still trading at a fairly high price of $0.0000079 after jumping 3.93% in the last 24 hours. However, it is performing much worse on the weekly chart with 1.53% losses.

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Recent data has revealed the crypto exchange with the highest trading volume of Shiba Inu, indicating an upward trajectory for the digital asset as the volume continues to surge in the crypto exchange. The crypto exchange that has propelled Shiba Inu’s growth lately is the leading cryptocurrency platform, Binance.

Shiba Inu Volume Doubles On Binance

According to CoinMarketCap, Binance is the top crypto exchange for the Shiba Inu market. The total volume of Shiba Inu being traded in the crypto exchange has since experienced a double-figure growth over the past 24 hours, presenting a bullish trend for the digital asset.

The upswing in Shiba Inu volume on the largest crypto exchange highlights the token’s appeal and points to a possible future growth spurt.

SHIB recorded a significant volume of $37,739,036 in the past 24 hours, indicating a volume rise of over 21% in less than a day. But as of the time of writing, the digital asset’s 24-hour trading volume is pegged at $40,539,374.

The crypto exchange’s spot trading volume mostly buttresses this surge in volume, with an overnight increase of over 11% valued at $173,262,859. 

The digital asset has also seen a significant uptick in its 24-hour trading volume on Coinbase – the largest cryptocurrency exchange in the US. Shiba Inu’s trading volume on the exchange is currently pegged at over $12 million, indicating an over 6% rise in the past 24 hours.

Currently, Shiba Inu’s market capitalization is valued at $4.66 billion, with a current SHIB price of $0.0000079 as of the time of writing.

The amount traded in a day is $147.82 million. The digital asset has a circulating supply of approximately 589 billion and has increased by +1.72% during the past 24 hours.

So far, the digital asset is growing at a rate of 3.62%, continuing its upward trend. Over the past week, Shiba Inu has garnered the interest of traders and investors. 

Rare Signal Sparks Price Increase For SHIB

Following a bullish trend in the TD sequential in the past week, the indicator has presented an upward trajectory for the price of Shiba Inu.

According to Ali Martinez, the TD Sequential sparked a rare ‘9’ buy signal on the Shiba Inu’s weekly chart; this signal presents a significant growth price for SHIB due to the infrequency of the particular signal.

“The TD Sequential flashed a buy signal on [the] SHIB weekly chart. Notably, the previous two bullish turns from this indicator led to price surges of 118% and 71%, respectively. Given the infrequency yet precision of such signals, it’s a pivotal moment to keep a keen eye on SHIB,” Martinez stated.

 The last time TD Sequential indicated a ‘9’ buy signal for Shiba Inu was in September; the token’s price increased by over 71% during the next nine weeks. With the signal emerging yet again, we are likely to see a bullish trend.

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Cardano (ADA) has undoubtedly claimed its spot as one of the frontrunners among the multitude of altcoins. The digital asset, known for its innovative approach to blockchain technology, has witnessed remarkable gains in recent days, leaving both crypto enthusiasts and investors curious about the trajectory it will follow in the coming weeks.

The question that now lingers is, for how long will Cardano’s meteoric rise continue?

To shed light on the potential outcomes for ADA this November, we must delve into its historical performance. Over the past five years, the month of November has held a mix of outcomes for Cardano. 

Cardano November Prospects: Up Or Down?

Notably, three years ago, it concluded with an impressive 84% gain, showcasing the coin’s ability to deliver substantial returns during this period.

With this historical context in mind, ADA holders find themselves pondering two potential scenarios for this month: a soaring ascent, with the price surging by 43.5% to reach $0.41 per token — or a dip, bringing the value down to $0.279 per ADA.

#Cardano has hit a major dormant coin activity milestone. Monday marked the highest amount of older wallets moving $ADA since April, 2022, indicating more coins are moving back into circulation. 100K-10M $ADA wallets are also accumulating again. https://t.co/TwwQkHZbzA pic.twitter.com/kDjntuV7AS

— Santiment (@santimentfeed) October 31, 2023

Adding to the intrigue surrounding Cardano’s current performance, crypto data analysis firm Santiment has reported a noteworthy development in the behavior of long-time ADA holders.

These investors, often referred to as “whales” in the crypto world, have begun moving the largest amounts of ADA tokens in over a year. This sudden movement raises questions about the intentions behind this significant shift.

Santiment’s observations also highlight that deep-pocketed Cardano holders have been quite active in accumulating ADA tokens recently. In just two weeks, these influential stakeholders acquired nearly 44 million ADA tokens, amounting to approximately $12.67 million. The aggressive nature of this accumulation raises eyebrows and leads to speculation about the motives behind these strategic moves.

Cardano’s Meteoric Surge

As of the most recent data available, ADA’s price on CoinGecko stands at $0.305896, reflecting a 6.7% surge in the past 24 hours. Over the past seven days, the cryptocurrency has rallied by 5.5%, further solidifying its status as a top performer in the market.

While the future remains uncertain, Cardano’s recent ascent and the intriguing movements of long-term ADA holders have undoubtedly set the stage for an exciting month ahead.

Investors and enthusiasts will be watching closely to see whether ADA can maintain its momentum or if the market will witness a shift in its fortunes as November unfolds. As always in the crypto world, the only constant is change, and Cardano’s journey is poised to be an eventful one.

(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 iStock

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Dormant Bitcoin whales, or long-term HODLers holding huge amounts of BTC, have suddenly awakened and started moving their funds. After over six years of inactivity, three dormant Bitcoin addresses containing thousands of BTC unexpectedly became active again, and they transferred a combined total of 6,500 BTC. 

With BTC now showing signs of the resumption of the October rally, these massive Bitcoin transfers could either increase buying momentum or threaten to capsize the current bull run.

Dormant Bitcoin Whales Make Waves With Massive BTC Transfers

Movement of dormant Bitcoin addresses has been sporadic this year, with most causing a stir and rising interest amongst the Bitcoin community. Whale movement and whale acquisitions also spiked up in October, as Bitcoin’s price saw its highest increase in 18 months.

In the latest record of whale transactions this year, on-chain data has shown that a set of dormant Bitcoin from 2017 has moved for the first time in six years. These transactions came from three addresses transferring a total of 6,500 BTC, worth approximately $230 million. 

An in-depth look into these addresses shows they received their assets on November 5, 2017, with no movement until now. At the time, Bitcoin was trading at around $7,400, putting the total value of the transaction at $48 million. BTC has grown substantially since then, with a unit now going for $35,230 at the time of writing.

Selling Pressure Incoming?

The timing of the acquisition and transfer of these BTC point to them being controlled by one entity. Uncertainty behind these transfers sometimes can threaten buyer confidence as it could indicate the whale expects a price drop and is securing profits. 

Alternatively, it could show they foresee further growth and are reorganizing for the next big rally. On-chain data points to the former, as the BTC is still held in private addresses, showing they are probably still in self-custody.

Whale transfers to cryptocurrency exchanges have increased over the past few days, which may jeopardize Bitcoin’s present bull market and price gain. However, whale purchases have surged during the same period, indicating a combination of buys and selloffs from bulls and bears.

One particular whale transfer that caught the eye of many traders is the movement of 2,905 BTC worth approximately $100 million dollars between two unknown wallets.

2,905 #BTC (100,351,765 USD) transferred from unknown wallet to unknown new wallethttps://t.co/qpyONJupI2

— Whale Alert (@whale_alert) November 1, 2023

On the other hand, Bitcoin recently cleared the $35,000 resistance level, as bulls look to continue October’s Bitcoin gains in the new month. November has generally been a profitable month for Bitcoin and on-chain signals currently point to greed on the Bitcoin Fear & Greed Index. A continued break above the $35,000 mark could see BTC reach 2022’s order block at $45,000. 

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In a significant development for the Shiba Inu community, the much-anticipated upgrades for ShibaSwap 2.0 have been teased with fresh details, and NFT marketplace Pawzaar has announced a new approach to SHIB burns that aims to bridge tokens from Shibarium back to Ethereum. Here’s the latest Shiba Inu news.

New Features For ShibaSwap 2.0

The Shiba Inu ecosystem is abuzz with anticipation as the marketing lead Lucie hinted at innovative features for the upcoming release of ShibaSwap 2.0. In a statement that caught the attention of crypto enthusiasts, Lucie said:

Shibaswap 2.0 is more than just a regular DEX; it’s a complete portal experience. As for why it can’t be produced like other DEXs in week, it involves intricate development and features. Additionally, Shiba Name Service is one of our pioneering features. Next week coming another feature. #shibarium x BONE X SHIB

Expected to revolutionize the decentralized exchange landscape, ShibaSwap 2.0 remains under development, with the specific launch date still shrouded in secrecy. Although speculative mentions of an October release have emerged (which turned out false), the team’s strategic silence on an official date underscores their cautionary approach to community expectations.

Lucie’s previous comments in April brought to light that ShibaSwap 2.0 will not only facilitate token swaps but also serve as a crypto portal — a comprehensive platform offering news, statistics, charts, and trends. Alongside the informational gateway, the DEX will boast new designs that are yet to be unveiled. This level of development suggests a qualitative leap, aiming to enhance user engagement and provide value-added services within the Shiba Inu ecosystem.

Pawzaar Implements New Approach To SHIB Burns

Turning to the SHIB burn debate, Pawzaar, a burgeoning NFT platform on Shibarium, declared a key operational upgrade today:

We have finished upgrading our platform! All SHIB burns now go to a wallet that will bridge the tokens from Shibarium to Ethereum. As addressed by Lucie, we have complied to the request for burns to take place on Ethereum. We will begin adding collections onto the platform!

The platform is aligning with Lucie’s guidance, ensuring burns contribute to the SHIB’s total supply reduction on Ethereum’s Layer-1 network. The clarification came after Shib CoOp’s inaugural SHIB burn on Shibarium sparked a hotly discussed debate, emphasizing the need for a protocol that accurately impacts the SHIB supply. The community-driven burn tracker, Shibburn, laid out the technicalities, “If you burn a token like SHIB on an L2 chain, you are not actually burning the original token on the L1 chain.”

Lucie further explained the burning process across both layers, emphasizing the necessity for burns to occur on the Ethereum network to affect the original SHIB token supply genuinely. She explained that Shibarium projects which wish to burn tokens, have to make sure to bridge the SHIB back to the Ethereum network and then send it to the dead wallet.

Pawzaar’s implementation of this directive is a first on Shibarium and showcases their commitment to the community’s consensus on token burns. Remarkably, the NFT platform launched only on October 24 and saw a massive influx of users thanks to the SHIB Dreams collection. The high demand was too much for the node provider and prompted the Pawzaar team to stop minting new NFTs for a while.

Recently, Pawzaar also announced: “We will be adding collections and providing details on the upcoming PAWPASS. Expect announcements of some upcoming partnerships and PAW (PAWZONE) utilities on the platform. Keep building Shibarium NFT creators and supporting SHIB burns collectors! The fun is about to begin.”

At press time, Shiba Inu traded at $0.000008, just above the 20-week EMA (at $0.00000798).

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Dear Crypto fam, today we are looking into an event put on by an amazing couple, coming up in the Dubai NFT scene.

Team VESA and Vernissage have become fast friends, as the two entities share a similar vision for fine art NFTs and maturing of the market. VESA co-Founder Lotta has also helped Vernissage in storifying their message, some of which is showcased here. It has been an absolute delight to see Vernissage grow and this article is our token of appreciation in anticipation of their debut exhibit.

 

Vernissage was born out of the electric crackle between art lineage value, molten paint dripped onto canvases over centuries, and the brooding engine room of new technologies. Lifetime entrepreneurs Richard and Tatiana wanted to see art nurtured and valued in the age of the internet, not trampled by the metallic onslaught of ironic pop culture references and diminished prestige. We forsake value at our own peril, a manic risk like pouring gasoline on a fragile artefact.

NFTs are the anvil, Vernissage wielding the hammer. The underlying technology, the facilitator, the potential, like on that night when two artists knocked on Richard and Tatiana’s door and presented them with a box full of rolled up canvases.

 

 

Richard and Tatiana Zalan  

Even though the platform is preparing for their first exhibition, Vernissage team Richard and Tatiana Zalan are no strangers to new technologies. Their interest piqued already in 2016, when they hosted meetups for people interested in blockchain technology and cryptocurrencies. Art, as their passion, they approached via the high effort, fine art type of digital art, rather than art that was focused on utilities and marketing.

They saw blockchain technology as a vehicle to safeguard artists copyright and transition in the third age of the Internet.

True admirers of genuine art, Vernissage origin story started forming when one night, travelling artists knocked on Richard and Tatiana’s door, with a box full of rolled up canvases. It amazed them how these artists were willing to go to such great lengths to connect with their potential buyers, and this set the wheels in motion in utilizing technology to continue our fine art legacy in Web3.

There it was, value laden, curated fine art in a fast-paced, snappy medium that was brought to the market by people decorated with experience, who were not in their twenties anymore. Unusual and quirky? Yes. Desperately needed? Also, yes.

Vernissage had started to take shape.

 

 

V is for Vernissage

Vernissage means an exclusive, first viewing of an artwork before a public showing. The name perfectly fits the platform’s mission to support emerging artists specifically. It reminds of something exciting, quite intimate, but also distinguished and steeped in tradition and value.

Vernissage is striving for something quite extraordinary. The platform has functions of a marketplace and a social network. The emphasis is on the social aspects of the community, and thus Vernissage community members can interact with each other and vote.

Richard and Tatiana want to see their artists become financially successful, therefore nurturing collector relationships within the community is of utmost importance in Vernissage. Their social consciousness runs deep, as Vernissage will allocate resources for young artists’ education and personal development in the future.

This focus, they feel, is represented also in the wider context of our society, where socially we live in crucial times. Art can serve a pivotal role once again, especially if new technologies are utilized boldly and innovatively. This is why Dubai has served Vernissage well since the local government has passed relevant laws to make the city a leader in the sector.

Get to know the Vernissage platform here: https://www.vernissage.network/

 

 

Immersion explosion on November 8th

Soon it will be time. Vernissage is gearing up for its maiden voyage exhibition with a brand-new armada of artists that they successfully held and open call for in September. Vernissage has secured an impressive venue for the event; the kanvas Gallery in an artistically relevant neighbourhood near Alserkal Avenue.

Kanvas Gallery lends itself to some spectacular immersion, opening the entire view for the artists use and pushing the boundaries of sensory overload. Kanvas wants to explore how human relationships, nature and art interact specifically mediated through technology.

Fittingly, the topic of the night is Technology and Humanity Canvas.

 

 

The experience is on 8th Nov, 6pm – 9pm, Opening night by invitation only.

9th Nov – 12th Nov, 10am till 6pm open to public.

kanvas Dubai

Unit 1, Al Khayat Art Avenue,

19 Street, Al Quoz 1, Dubai

 

Don’t miss out on this night of artists, collectors, and community.

 

 

Vernissage had carefully drawn a line in the sand, expertly prescribed the burn around its own kind, a place for artists to time and time again become the spark.

 Successful, financially competent, a worthy opponent.

 

Team VESA wishes Vernissage a successful exhibition and looks forward to catching up in Dubai again!

 

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