MASSIVE bullish crypto indicator...

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Probably nothing... ;)

- Hunter Maier

🌈 Doodle #2753 has been turned into a... mint-able NFT shoe?!

📈 MASSIVE bullish crypto indicator...

🇬🇧 UK government to become a global hub for crypto asset technology!

• Clone X - Floor Price: 19 ETH

• Doodles - Floor Price: 16.99 ETH

• Arcade Land - Floor Price: .67 ETH

• Alien Frens - Floor Price: 2.833 ETH

Biion Footwear and Doodles #2753 collaborate to create digital and physical NFT sneakers tokenized on the polygon blockchain. 

Biion's website states, "Together with our incredible partners in Taiwan, and in collaboration with Doodles #2753, we've launched 222 pairs of limited edition NFT (non-fungible token) shoes along with something special for your feet here IRL."

It's important to clarify that this is not a collaboration with Doodles; it's simply a partnership between Biion and PanPa, the owner of Doodles #2753. 

You may or may not be aware that Doodle holders do not have full commercial rights to the art associated with their NFT. Yet, they have the go-ahead to license or use their art within forms of merchandise for up to $100,000. Given the limited quantity and relatively affordable price, the total sold will not surpass the threshold. 

Two models of the shoe will be sold via Biion's official website. 

The first model is the "Trainer NFT Doodles #2753 Paradise," seen in the spinning graphic above. This model will first be sold as a limited NFT for $166. Only after the NFT mint will users be able to acquire their Doodles-inspired kicks.

The second model is the "Trainer x Doodles #2753 Classic." This model features the same visuals as the first model minus the graphic's colorful background. This model will only be sold as a physical item, not an NFT.

More information on how and where to mint can be provided here!

Good luck if you intend to mint!

According to the MACD technical indicator, Ethereum's momentum has transitioned from bearish to bullish. 

For those not aware, the MACD or Moving Average Convergence Divergence is "a trend-following momentum indicator that shows the relationship between two moving averages of a security's price. The MACD is calculated by subtracting the 26-period exponential moving average (EMA) from the 12-period EMA." - Investopedia.

In the world of charts, the higher the time frame, the more likely a technical indicator is to be accurate. The chart shown above is Ethereum on the weekly time frame; each candle indicates a week of price action. As seen prior to Ethereum's previous run-up, the MACD crossover from red to green acted as an early indication of the coin's Q3-Q4 bull run. 

Will this be repeated? Let me know what you think, tweet at me!More on the MACD indicator here! 

The United Kingdom intends to adopt web3, crypto, and NFTs to capitalize on the growing industry. Below is a list of plans, intentions, and quotes, all found within sources written today on how the UK intends to accomplish this.

Notably mentioned programs include:

• Stablecoin Regulation

• Legality within given blockchain-based DAOs

• Tax through DeFi

• Tax through staking

• A dedicated Crypto Asset Engagement Group

• Exploring blockchain use 

Rishi Sunak, the current Chancellor of the Exchequer, said, "It's my ambition to make the UK a global hub for cryptoasset technology, and the measures we've outlined today will help ensure firms can invest, innovate and scale up in this country."

Sunak also requested the Royal Mint, UK's coin producer, to look into creating an NFT:

If this doesn't scream, "MAINSTREAM ADOPTION," I don't know what does...

Source: gov.uk

Source: CNBC

Source: Decrypt

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Nothing mentioned in this newsletter is financial advice, we are NOT financial advisors. NFToday was created with the intent to entertain those who choose to read and be a part of the community!