Crypto Buzz: ETH Whales are loading up on these altcoins → Real Estate in The Metaverse → (And More…)
Happy New Year!
Welcome to your Monday Crypto Buzz edition of Daily Crypto Hunter.
Let’s take a look at this week’s must-read crypto news…
#1 ETH Whales are loading up on these altcoins
With crypto assets valuing over #3.5 billion, the world’s second-richest Ethereum (ETH) whale purchased 1.83 million SUSHI – an Ethereum token that powers SushiSwap.
Over the past week, Ethereum whales have not only been filling up on SUSHI, but a few other altcoins as well.
Click here to read the full article.
#2 Real Estate in the Metaverse
The real estate sector of virtual reality is much like real estate in reality. In the metaverse, you’ll find shopping malls, monuments, homes, theaters, you name it.
Much like the real-world, location is a key factor when determining plot value. Just last month, a wealthy fan of Snoop Dogg paid $1.23 million to purchase three plots of virtual land next to the rapper’s metaverse mansion.
The existence of multiple metaverses means multiple crypto currencies are needed to purchase land in different worlds.
Markets Insider recommends 6 of these tokens here.
#3 Shiba Inu launching a DAO
Developers of Shiba Inu (SHIB) announced a new governance system last week. DOGGY DAO is set to be released in two phases – the first phase “DAO 1” launches today, Jan 3rd.
Shiba Inu was released in August 2020 as one of numerous Ethereum-based tokens attempting to cash in on Dogecoin’s popularity, so it’s befitting that this announcement comes just one week after Dogecoin released their first ever roadmap.
Read more here.
#4 Hello, Robinhood wallets Beta
Robinhood announced plans to launch the beta version of its digital wallet service as soon as mid-month, January 2022.
To date, more than 1.6 million people have signed up for Robinhoods wallet. The beta release will give tens of thousands of waitlist customers access to the service.
For more info go here.
#5 Identifying legitimate crypto projects
The cryptocurrency industry is bustling with activity. And with new coins launching every month, it becomes increasingly difficult to verify a tokens’ validity.
You likely recall investors being duped when a Squid Game token was launched following the popularity of a Netflix show with the same name..
Not to worry, there are ‘red flags’ to look for when assessing a new cryptocurrency – such as searching for the project’s whitepaper.
Read here for more methods..
Editor Daily Crypto Hunter