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DCR Technical Analysis: Bulls Struggle to Sustain Post-Breakout Pressure: Will It Reach $100?

DCR Technical Analysis

DCR coin price action gives a bullish breakout of the falling wedge pattern with a 1500+% jump in trading volume teasing a bull run above $100 shortly. Decred is a cryptocurrency based on blockchain that was introduced in February 2016. DCR token and the protocol behind it were created to promote an open and democratic governance system. It is designed so that the community has the authority to approve any changes or transactions made to the protocol. Therefore, there is no way for the large Decred holders to influence the functioning of the system. The driving force for the founding of Decred is that it is an organization known as Company 0. Its purpose is to harness blockchain technology to provide better security for personal data and allow organizations to be more flexible in their projects. Let us move ahead to read about Decred technical analysis. Past Performance of DCR DCR coin price shows a growth of more than 25% in the past 24 hours with a jump of 1650% in the intraday trading volume. Thus, resulting in a huge bullish engulfing candlestick in the daily chart. Moreover, the increasing prices result in the long-coming wedge pattern breakout.  DCR/USD Daily Chart DCR Technical Analysis The DCR coin price finds demand near the support zone at $60 resulting in the price jump and the breakout of a long-coming resistance trendline. However, the resistance zone of $100 is a high selling pressure area that can be hard to overcome. The crucial EMAs (50, 100, and 200) maintain a falling trend with the 50-day EMA providing dynamic resistance resulting in the higher price rejection. However, the increasing demand may soon result in the breakout of these EMAs, which will light a buying spot. The RSI indicator at 55% shows a steep rise in slope as it breaks above the center mark in the daily chart. However, the 14-day SMA remains below the central mark, indicating the bullish pressure is yet to sustain. The MACD indicator shows a bullish crossover in the MACD and signal lines with the gap increasing between the lines. Moreover, the growth in bullish histograms reflects a rise in underlying bullishness.  Therefore, the technical analysis indicates a sharp rise in bullishness which is yet to sustain and might find rejection near $100. Moreover, the DCR price action indicates high price rejection from the 100-day EMA near $100. Upcoming Trend The breakout of the falling wedge pattern with a boom in buying pressure helps DCR gain overnight bullish attention. However, the price struggles to sustain above the breakout and might succumb within the pattern.  The price action suggests support levels at $60 and $30 can halt the falling price in the event of a downfall. However, if the buying pressure sustains, the selling pressure at $100 and the 200-day EMA will be hard to overcome. In conclusion, the chances of prices falling into a pattern is high compared to a bull run. However, traders need to be patient and wait for the price action confirmation. At press time, the sentiment chart gives an overall “BUY” signal for the Decred token.

The post DCR Technical Analysis: Bulls Struggle to Sustain Post-Breakout Pressure: Will It Reach $100? appeared first on Cryptoknowmics-Crypto News and Media Platform.

InfiniteWorld to Participate in BTIG Metaverse Unbound Conference

GEORGE TOWN, Cayman Islands–(BUSINESS WIRE)–Infinite Assets, Inc. (“InfiniteWorld” or “the Company”), a leading Metaverse infrastructure platform that enables brands to create, monetize and drive consumer engagement with digital content, and Aries I Acquisition Corporation (Nasdaq: RAM) (“Aries”), a special purpose acquisition company, announced today that Yonathan Lapchik, Chief Executive Officer of InfiniteWorld and Nathaniel Hunter, […]

The post InfiniteWorld to Participate in BTIG Metaverse Unbound Conference appeared first on Fintech News.

Arabian Camels’ “Antara” NFT Drop Slated for January 14, 2022, Complete with Celebrity Endorsements and MoonPay Integration

--  Arabian Camels, an NFT community revolutionizing the film industry, today announced the pre-sale of the Antara Movie NFT. Pre-sales will begin on January 14, 2022, with integration from the cryptocurrency exchange, MoonPay, enabling individuals to buy Ethereum from its official website, to enable NFT purchases.

The private pre-sale minting on January 14, 2022, will only be available to the inner circle of the Arabian Camel Club. Thereafter, whitelist spaces will start to become available to the public. To get access to the whitelist, aspiring NFT buyers can join the Arabian Camel Discord community to get access to the historic NFT drop. Following this historic minting, the Antara Movie NFT will be the first NFT that allows a buyer to digitally part-own the rights of a $50M Hollywood film. Furthermore, ownership rights will entitle holders to parts of the film's box office and streaming revenues. NFT holders can also get up to 80% yield on their NFTs from yield farming during film production, which is only possible due to an exclusive DeFi partnership between Arabian Camels and Swapp Protocol.

Arabian Camels are bending perceptions in terms of the brand strategy and how they offer exclusivity and value to their holders. Due to the symbology behind the Camels and the new era they represent, some Art Galleries around the world are expressing very strong interest in being able to also sell the Antara Movie NFTs as physical prints, with digital backing. This would enable large mantle piece canvases to be described as the first paintings in history to provide DeFi Yield functionality, and represent part IP ownership in a Blockbuster Hollywood Swords and Sandals Epic. The film “Antara” is set to make history as the first major film to be produced by an NFT, while Arabian Camels will be the first NFT community to produce and part-own the rights to a $50 million Hollywood production.

"The impact that Arabian Camels will have on Hollywood is immense. This is an exciting and revolutionary move that will inject a whole new lease of life into the movie business,” said Josef Brandmaier, Producer.

 “SC Films supports filmmakers making the artist journey to realize a film's full commercial potential. ‘Antara' is the first Hollywood-budgeted film as an NFT. Antara is innovative and disruptive to the established order of financing which is controlled by a small oligopoly in Hollywood—the democratization and decentralization is long overdue," said Matthew Joynes, Producer.

The image for the Antara Movie NFT is an Arabian Camel 2.0 that includes a distinct Hollywood clapper at the top right corner of the image. For more information on how to own an Antara Movie NFT and join the Arabian Camels club, please visit www.ArabianCamels.io.

The movie is the long overdue true story, about one of the most revered Knights in all of Arabic history - Antara Ibn Shaddad. He was born as a black slave in the Ancient Arabian Desert, and eventually won his freedom. He then went on to become not only the most dignified knight, but one of the most sagacious and respected poets in all of Arabic history. The production of the movie was meticulously put together with the help of professors of Arabic Literature from Oxford, Cambridge, Yale, and the School of Oriental and African studies, meaning it's not another Marvel movie. The story of Antara is reminiscent of both Alexander the Great and Romeo and Juliet. His story has been told repeatedly for the past 1,500 years. Antara rose to stardom in the 6th century, not only due to his character and prowess on the battlefield but, also, due to his miraculous talent as a poet. His poetry was held in such high regard, that it was sewn in gold, and suspended on the Kaaba in Mecca before the days of Islam. . To this day, if one studies Arabic Literature in Oxford or Cambridge, the poetry of Antara is still studied and revered.


The film was originally set to be shot in Neom, Saudi Arabia; however, Abu Dhabi, as a modern tech hub, has also shown a keen interest in hosting the production of the film. Currently, the production team is assessing which Middle Eastern region is ideal for the film's crew and production.

Celebrity Endorsements Combined with a Grassroots Community Movement

Seeing the immense value in cryptocurrency and community-funded movies, celebrities across Hollywood are buying the Antara Movie NFT. Many producers, actors, actresses, and financiers are buying the Arabian Camel NFT and joining the ‘Caravan'. Many people join the Arabian Camels community as it leads the way into the future of Hollywood.

Most recently, Larsa Pippen, TV personality and Brand Advisor for Swapp Protocol, has joined the Camel Club.

“As a female entrepreneur in tech and digital currency, I am totally inspired by the Antara Movie NFT concept, along with the ‘Antara' storyline itself. The Arabian Camels have completely redefined the boundaries of what is possible with NFTs and DeFi,” Pippen says."

Ayo and Teo, the famed duo of dancers and musicians, have also joined the Arabian Camels Club and collaborated with them to create an official Camel Song which is to be sold as an NFT. The famed artists appear in Fortnite and Just Dance, and have appeared in music videos for Usher's "No Limit" and Chris Brown's "Party". Their song "Rolex" peaked at number 20 on the US Billboard Hot 100 and has almost a Billion views on YouTube. The Camels plan on incorporating the famous and viral ‘Globglogabgalab' sample music that was sampled in Kanye West's Remote Control song, on his Donda album. Donda initially scored the most first-day streams for an album in 2021 on both Apple Music and Spotify. The Globglogabgalab music has gone viral 3 times before. It is set to do so again, but this time with the Camels.

Before the public are allowed to mint the Antara Movie NFT, a private pre-sale minting for the Antara Movie NFT will take place on the 14th January. The minting session will only be available to the inner circle Arabian Camel Club before opening up whitelist spaces to the public. Antara Movie NFT holders will get part ownership of the IP rights of the $50 million Hollywood war epic, “Antara.” The Antara Movie NFT seeks to grant buyers up to 50 percent of the intellectual property rights to “Antara” for 3 to 5 years.

The Antara Movie NFT is drawing wide interest from celebrities and NFT enthusiasts alike. Members from the Arabian Camel NFT community will share in the ownership of the film's intellectual property, get roles in the movie, credit as producers, and join the production team for exclusive gatherings on the set in the Arabian Desert with the cast and crew. The differentiation of this NFT project is its real-world utility, separating itself from the typical NFT projects of 2021, inflated by hype alone. The Arabian Camels are now becoming a powerful symbol of what is achievable when crypto communities join in numbers, united by a common vision.

The Arabian Camels envision merging movies and NFTs with DeFi, Gaming, and the Metaverse. The community believes it can extract future value from the boo ming transmedia space and simultaneously share those entertainment properties with the Arabian Camel community. Prospective film distributors would pay the owners of the Antara Movie NFT to distribute the movie in theaters and/or streaming channels, which is expected to the Arabian Camel community into millions of dollars in real-world value. 

Entering the Metaverse in Collaboration with vEmpire

Arabian Camels has also collaborated with Dominic Ryder, CEO of vEmpire, whose token has recently rocketed 1500 percent and reached a market cap of $100 million. Dominic Ryder's protocol is in the process of designing and creating the Antara Play-To-Earn game, which has already gotten the attention of some prominent venture capital firms. The multiplayer raiding game is expected to plant the Arabian Camels brand and the Antara IP firmly into the metaverse and add another layer of value for Arabian Camels' holders. The game is set to bring fun and reliable income to thousands of players in developing countries and will run off a scholarship model. The Arabian Camels NFTs will be a commodity within the game. In conjunction, they will also be launching their very own gaming token, the in-game currency that is set to be listed on major cryptocurrency exchanges.



Watch the promo video at www.arabiancamels.io   

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ABOUT ARABIAN CAMELS

The Arabian Camels are the first part of the Antara NFT collection, an integral part of the Antara IP transmedia rollout. The Arabian Camels NFT acts as a pass to unlock several perks and incentives. The Arabian Camels NFTs introduced a never-before-seen utility, which allows NFT holders to be an integral part of, and benefit from the exciting world of movies, gaming, and Transmedia.

 

ABOUT ANTARA 

Antara is a feature film directed by one of the most sought-after Hollywood Directors, that covers the life and adventures of Antara Ibn Shaddad, a desert warrior from ancient pre-Islamic Arabia. The film is the first big-budget film to be funded by an NFT, before its theatre and streaming debut, as well as the first NFT, to facilitate this type of royalty sharing. As part of the ‘Antara IP' a transmedia rollout, the film is a part of a franchise that includes 3 sequels, crypto infused ‘Assassins Creed Styled' multi-player game, a comic, and a strong brand with a long term merchandising and licensing strategy.

 

Follow their story and join their community:

T: @ArabianCamels

I: @Arabiancamelsnft

W: www.arabiancamels.io

E: info@arabiancamels.io


To get access to the Antara Movie NFT, please go to: 

Sales / NFT Purchase Contact: info@arabiancamels.io   

Second Parachain Auction Winner Moonbeam Goes Live on Polkadot

The launch makes Moonbeam the first fully operational parachain on the Polkadot network.

Bitcoin won’t witness a recovery until this happens

The recovering market is slowly losing its strength since the overall crypto market led by the king coin Bitcoin itself made barely any difference in the last seven days.  Bitcoin in a rut  Last week after Bitcoin dipped by over 13% in just a couple of days, some ray of hope came in the form […]

Altcoin Roundup: 3 ways blockchain technology could further mainstream in 2022

The trend of blockchain adoption is set to continue in 2022. Here are three sectors that are likely to pivot toward DLT solutions.

The Roads To Hyperbitcoinization: Describing The ‘Transition Agents’ Bringing Us Financial Freedom

These bottom-up “transition agents,” from private business to the freedom ladder, will be what drives us all to hyperbitcoinization.

Stacks ecosystem becomes #1 Web3 project on Bitcoin

There were also 140,000 NFTs minted on the Stacks blockchain during its inaugural year.

Wynn Resorts Tipped as Winner as Good News Finally Emerges in Macau

Shares of Macau concessionaires are the brightest spots in an otherwise dismal day across the gaming equity complex, and Wynn Resorts (NASDAQ:WYNN) is getting in on the act. In late trading, shares of the Wynn Palace operator are higher by more than eight percent on volume that’s more than double the daily average. That’s after […]

The post Wynn Resorts Tipped as Winner as Good News Finally Emerges in Macau appeared first on Casino.org.

OCC Chief: Bank Regulation Can Put ‘Stable’ in Stablecoins

Michael Hsu believes bank regulation of stablecoins would be good for the crypto industry—and the safety of the financial system.

Token For New Crypto Project ‘MetaGold Rewards’ Grows By 13,119% in First 15 Days…

The newly-launched cryptocurrency celebrated what they call a 'meteoric' launch while sharing details on what's to come with their followers. Had you invested o$1,000 in MetaGold on its launch 15 days ago, it would now be worth over, $133,000.  

MetaGold Rewards is a new crypto currency that pays its holders daily dividends in USDT just for owning it. The coin is the highest paying rewards token, earning holders up to 15% per month in dividends alone. The daily rewards are made possible because of the taxes paid every time someone buys and sells the coin, which are then distributed to all the holders.  

After having several negative experiences investing online, the founding team at MetaGold wanted to create a better kind of crypto currency. They set out to make a rewards coin with a long-term strategy where people could feel safe to invest their money and know they would receive a robust return.

Within one day of being listed on Coin Market Cap (CMC), the largest crypto currency exchange, MetaGold climbed to the #11th spot on CMC's Top Gainers List. 

Of MetaGold's bullish start, Michael Bolduc, CEO, said, “We are ecstatic how quickly the market cap and trading volume for the coin increased, but it's still early and investors can easily 100x their money as we continue our journey to a $100 Million Market Cap. People are hungry to invest in projects they believe are safe and provide a great return on their investment.”

To achieve the successful launch, the international team of 28 people at MetaGold executed the following strategy:

  • Created a coin that paid the highest dividends in the crypto space. 

  • Launched a marketing strategy built on decades of business experience.

  • Hired 6 full-time staff to manage customer service and marketing support.

  • Engage a lively, and positive community on Telegram.

  • Twice weekly, host live Investor updates to keep the community informed.

For more information about MetaGold you can visit their website or find them on most crypto currency marketplace listings under MetaGold Rewards (METAGOLD).

Website: https://metagoldrewards.com/
Youtube channel: https://www.youtube.com/channel/UCY5p6Viieenxd2z6AUDc-yA
Contact: Michael Bolduc - owner@metagoldrewards.com


Flyfish Club: A Restaurant Just For NFT Holders Opens Today

NFT holders are welcome at Flyfish Club. According to the introduction on its main site, the New-York-based gourmet restaurant Flyfish Club is the world’s first fine dining restaurant for NFT holders. Members of the club are welcome to experience the highest standards in the restaurant service industry. First Exclusive-NFTs Restaurant To join the private dining [...]

The post Flyfish Club: A Restaurant Just For NFT Holders Opens Today appeared first on Blockonomi.

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