Kraken’s Jesse Powell Doubles Down on Huge Year-End BTC Price Prediction

Jesse Powell, CEO of crypto exchange Kraken, is doubling down on his huge year-end price prediction for Bitcoin despite the deep pullback that saw BTC losing over 50% of its value from the all-time high.

In an interview with Bloomberg, the Kraken chief says he stands by his previous statements that by the end of 2021, one Bitcoin will be worth around one Lamborghini.

“I stand by that. So look, you can buy a Ford delivery of a Lambo now at a discount, a cheap $37,000. Lots of people are buying the dip. Personally, I’m Googling how to sell my kidneys at this point. Turns out it’s illegal…

I think people are getting ready to go on ramen diets to buy Bitcoin at these levels. I think just everything with what’s happening in Miami right now, the excitement around the space is so hot. I think people see this growing massively. So I’m not worried about this little dip. We’ve seen this over and over. Crypto is a rollercoaster. You got to be able to have an iron stomach to tolerate the ride, but the gains are massive for those who can handle it.”

Powell adds that new investors should not be betting their rent money on Bitcoin and should not view it as a week-to-week swing trade. According to him, a five to 10-year time preference is the best way to go for Bitcoin investing.

“People should absolutely not be betting any more than they can afford to lose. It’s still a very risky investment. But obviously over time, if you look at the chart, ten years ago Bitcoin was trading at a dollar, today $36,000. Year-over-year it’s up 200%, so long term, it’s an absolutely fantastic investment from my point of view.”

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

 

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Top Analyst Unveils Massive Price Targets for Bitcoin, Ethereum, Cardano and Polkadot

A closely-followed crypto trader is revealing his giant price targets for Bitcoin (BTC), Ethereum (ETH), Cardano (ADA), and Polkadot (DOT).

In a new tweet, the pseudonymous trader known as Capo gives his 129,000 followers an initial price target for ADA in the $3.00 to $4.00 range and a staggering long-term target of $30.00.

“Friendly reminder just in case you forgot how bullish ADA looks.”

Source: CryptoCapo/Twitter

Based on recent price action following the big crypto correction that began last month, Capo sees a bottom forming in Ethereum (ETH). The trader says he still expects Ethereum to ascend to $10,000 before 2021 expires.

I still think we will see $ETH above $10k this year

— il Capo Of $NOIA (@CryptoCapo_) June 6, 2021

When it comes to Polkadot, Capo compares DOT’s price action to the Nasdaq 100 Index right before it rallied hard in September 2011. Based on Capo’s charts, DOT could continue consolidating before blasting off and hitting his long-term price target.

“DOT to $100.”

Source: CryptoCapo/Twitter

As for Bitcoin, Capo is using Elliot Waves to predict a parabolic rally in the coming weeks. The Elliot Wave theory predicts future price action based on crowd psychology that tends to manifest in waves.

Capo says that Bitcoin is currently in the midst of the fourth wave, which indicates a corrective period in a bull market. After the pullback, the trader predicts a massive rally for BTC that falls just short of $230,000 before the end of 2021. The target represents an upside potential of 600% from Bitcoin’s current price of $32,828.

“WXY (red) for the major wave four.”

Source: CryptoCapo/Twitter

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Cardano (ADA) Price Analysis: Risk of More Downsides Below $1.4

• ADA price started a fresh decline after it failed to surpass $2.0 against the US Dollar.
• The price is now trading well below the $1.65 zone and the 55 simple moving average (4-hours).
• There was a break below a key bullish trend line with support near $1.68 on the 4-hours chart (data feed via Bitfinex).
• The price is declining and it could even slide further below $1.40 in the coming sessions.

Cardano price is struggling to hold gains above $1.50 against the US Dollar, similar to bitcoin. ADA price remains at a risk of a sharp decline towards the $1.20 support level.

Cardano Price Analysis

This past week, cardano price made an attempt to clear the $1.90 and $2.00 resistance levels against the US Dollar. The ADA/USD pair failed to continue higher above $1.90 and started a fresh decline.

A high was formed near $1.89 before there was a drop below $1.80. There was a break below a key bullish trend line with support near $1.68 on the 4-hours chart. The pair declined below the $1.65 support level and settled well below the 55 simple moving average (4-hours).

The bears pushed the price below the 61.8% Fib retracement level of the upward move from the $1.33 swing low to $1.89 high. The price is now struggling to stay above the $1.50 support zone.

The next key support is near the $1.47 level. It is close to the 76.4% Fib retracement level of the upward move from the $1.33 swing low to $1.89 high. A clear break below $1.47 could set the pace for more losses towards the $1.35 support. The next major support could be near the $1.20 level, where the bulls are likely to take a strong stand.

An immediate resistance on the upside is near the $1.60 level. The next major resistance is near the $1.65 level and the 55 simple moving average (4-hours). A clear break above the $1.65 level could open the doors for a steady increase.

Cardano (ADA) Price

The chart indicates that ADA price is clearly trading well below $1.650 support and the 55 simple moving average (4-hours). Overall, the price is declining and it could even slide further below $1.40 in the coming sessions.

Technical Indicators

4 hours MACD – The MACD for ADA/USD is now gaining pace in the bearish zone.

4 hours RSI – The RSI for ADA/USD is now below the 50 level.

Key Support Levels – $1.47 and $1.35.

Key Resistance Levels – $1.65 and $1.80.

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As Bitcoin and Crypto Markets Retreat, On-Chain Analyst Says Major Shift Happening Behind the Scenes

Popular on-chain data analyst William Clemente is unveiling what he sees happening behind the scenes as Bitcoin and the broader crypto markets correct.

In the last 24 hours, Bitcoin (BTC) has continued to flash signs of weakness as it trades at $32,793, down nearly 10% at time of writing. Ethereum is following Bitcoin’s lead as the leading smart contract platform has lost 10.64% of its value in the same timeframe.

With the crypto market struggling to sustain any bullish momentum, Clemente tells his 99,700 Twitter followers that sellers in the BTC market are starting to show signs of exhaustion.

“For over two weeks now, the market has been selling at a loss. However, this process seems to be almost done.”

Source: Will Clemente/Twitter

The analyst notes Bitcoin is being withdrawn from exchanges at the highest rate since November and that selling from short-term holders is now being absorbed by long-term holders.

“Long-term holders (LTH) are accumulating while short-term holders sell (STH). But here’s where it gets interesting: in the last month, selling from STHs has offset buying from LTHs. However, in the seven days, buying from LTHs is now offsetting selling from STHs.”

Source: Will Clemente/Twitter

Clemente adds that he expects Bitcoin to continue consolidating as new market entrants capitulate.

“New market participants are still selling BTC at a loss, but these short-term holders are no longer outpacing the rate that long-term holders are buying. This process will take a while to finish. For now, patience.”

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Ethereum Price Analysis: ETH Breaks Key Support, Could Revisit $2K

• Ethereum price failed to surpass $3,000 and started a fresh decline against the US Dollar.
• ETH price is now trading below $2,600 and the 55 simple moving average (4-hours).
• There was a break below a key bullish trend line with support near $2,780 on the 4-hours chart (data feed from Coinbase).
• The pair is likely to continue lower towards $2,300 or even $2,000 in the near term.

Ethereum price is slowly moving lower below $2,500 against the US Dollar. ETH/USD could extend losses as long as it is below the $2,600 support zone.

Ethereum Price Analysis

Recently, ethereum made a few attempts to gain pace above $2,800 and $2,850 against the US Dollar. However, ETH failed to continue higher and started a fresh decline below $2,750.

There was a break below the $2,700 and $2,650 support levels. The bears were able to push the price below $2,600 and the 55 simple moving average (4-hours). There was also a break below a key bullish trend line with support near $2,780 on the 4-hours chart.

The pair is now trading below the 50% Fib retracement level of the upward move from the $2,188 swing low to $2,894 high.

An immediate support on the downside is near the $2,480 level. It is close to the 61.8% retracement level of the upward move from the $2,188 swing low to $2,894 high. The next major support is near the $2,300 level. Any more losses could set the pace for a drop towards the $2,000 support zone in the near term.

An immediate resistance on the upside is near the $2,580 level. The next major resistance is near the $2,620 level and the 55 simple moving average (4-hours). A clear break above the $2,620 zone could start a strong increase. In the stated case, the price could revisit the $2,800 resistance zone.

Ethereum Price

Looking at the chart, Ethereum price is clearly trading well below the $2,600 level and the 55 simple moving average (4-hours). Overall, ether price is likely to continue lower towards $2,300 or even $2,000 in the near term.

Technical indicators

4 hours MACD – The MACD for ETH/USD is gaining momentum in the bearish zone.

4 hours RSI (Relative Strength Index) – The RSI for ETH/USD is now well below the 50 level.

Key Support Levels – $2,300, followed by the $2,000 zone.

Key Resistance Levels – $2,620 and $2,800.

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Here’s When Big Bitcoin Bear Trap Ends, According to Crypto Trader Tyler Swope

Crypto analyst and influencer Tyler Swope is issuing his thoughts on the latest Bitcoin crash and when the turbulent price action will end.

In his latest strategy session, Swope tells his 250,000 YouTube subscribers that Bitcoin will likely set up one last bear trap before resuming its upward trajectory.

 

The flagship cryptocurrency is struggling to recover the $40,000 level after dipping down to $30,000 in late May.

Swope believes that the asset may be due for one more rejection at $40,000, as Elon Musk continues to issue cryptic tweets related to Bitcoin.

“We’ve kind of hit the top of $40,000 twice, we’ve retested it and we got rejected twice so I think after that second rejection, we may have another third one…. Soon we’re going to have our final dip down. It’s going to be the final little bear play and this Elon tweet stuff was all part of it.”

Swope goes so far as to name the date on which he estimates Bitcoin will perform its final corrective move to $30,000, tricking traders into setting up large short positions and then making a recovery.

“I said this last week. I said June 13th, 2021 is going to be the end of the bear trap. And we’re probably going to touch $30,000 again, so we’re around $36,000 right now. We’re probably going to go retouch around $30,000 or slightly below that or slightly above that just to get those would-be bears that would be setting up some serious short positions to get them to set up those positions. This is a bear trap.”

Swope warns that the final dip may be so harsh that even veteran crypto traders like himself will be doubting Bitcoin’s ability to recover. However, traders should not be fooled by bearish sentiment, says Swope.

“They need some really bear sentiment to happen where it’s even going to get people like me to be thinking well maybe I’m wrong, maybe we are going down. If Bitcoin goes back down and touches $30,000 even I’m going to be biting my nails even though I predicted this.”

 

Experienced trader Peter Brandt recently told his twitter followers that he could see Bitcoin crashing down toward $20,000 in a worst-case scenario.

“Big picture perspective on owning BTC in appropriate size with money you can afford to lose. The market topped [at] $64,700. The market corrected to $30,000. The worst I can envision is $21,000.

Why would someone bail out of non-leveraged longs when the market already had 80% of worst-case drop?”



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Kevin Kang: Elon Musk Shouldn’t Have All This Power Over Crypto

Crypto hedge fund manager Kevin Kang is not too happy with Elon Musk as of late.

Kevin Kang Wishes Elon Musk Would Lighten Up

The South African entrepreneur is known for his quick action on Twitter and other social media platforms regarding bitcoin and cryptocurrencies. As the leader of billion-dollar companies such as SpaceX and Tesla, Musk – in many ways – has had a lot of positive influence in the space. His purchase of more than $1.5 billion worth of bitcoin last February really got the ball rolling for a lot of other institutions who were thinking about buying digital assets but did not quite have the nerve.

Following that purchase, the digital currency rose to a new all-time high of approximately $57,000. Musk has also talked up a storm about Dogecoin, a popular meme-based cryptocurrency that has risen in the past few months to stand amongst the top five digital currencies in the world.

However, at other times, Musk can be quite hazardous to crypto and those who delve in it. For example, after announcing that Tesla would ultimately accept bitcoin payments for goods and services, Musk quickly rescinded this decision, claiming he had fears and concerns about energy usage in the mining sector. He later hinted that he was willing to part with his personal BTC stash.

BTC experienced heavy price drops following both incidents, and Kang believes Musk is too “influential” and too powerful when it comes to deciding where the asset will go. In an interview, he explained:

Musk is definitely too influential on bitcoin prices.

His words also come after Musk caused another bitcoin spill when he posted a cracked heart next to the bitcoin logo on Twitter. This got everyone talking and believing that the entrepreneur was now looking to separate from crypto permanently and at press time, bitcoin is down approximately four percent.

But while Kang is certainly upset with how Musk uses his power, he admits that what Musk does is no different than what many strong investors are doing in standard markets. He also believes that while Musk is an influential figure now, this is primarily because bitcoin is still a new and developing asset class, and that eventually it will become “immune” to any negative vibes he wants to put in the air.

Lots of People Are Doing This…

Kang says:

[It is] no different to what we see in traditional assets when big-name hedge fund managers disclose their positions, and those names move… I believe the more [Elon Musk] tweets, the more immune the market will get in the future but for now, he is definitely one of the big influencers of the bitcoin market.

Not too long ago, a study emerged saying that Musk, lately, was among the most hated individuals in the crypto space due to his recent behavior.

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Are Bitcoin Whales Buying? Crypto Analytics Firm Santiment Weighs In on State of BTC Market

Crypto analytics firm Santiment is tracking Bitcoin whale behavior following the sell-off that drove the price of BTC to around $30,000 last month.

Santiment unveils that large crypto holders are buying BTC even as the digital asset fails to reclaim the $40,000 level. The firm says that Bitcoin whales recently bought tens of thousands of BTC worth nearly $2 billion.

 

“Bitcoin continues to range in the $37,000 to $39,000 range, but whales are accumulating behind the scenes. Addresses with 100 to 10,000 BTC have added 50,000 total BTC to their wallets or ~$1.95 billion.”

Source: Santiment

As crypto whales continue to accumulate BTC during the market downturn, Santiment says that smaller investors are selling their Bitcoin holdings.

“Bitcoin whale addresses holding 1,000+ BTC are back to holding 7.88 million tokens. This is the largest amount of BTC held by whales since March 14th. This coincides with just 2.65 million BTC held by addresses with 10 or less BTC, their SMALLEST amount in six months.”

Source: Santiment

Santiment also recently shared an overview of the Ethereum (ETH) market, spotlighting some cautiously bullish indicators. The crypto insights platform is looking at the NVT (network value-to-transaction ratio) metric, which measures the fair value of a crypto asset by dividing a coin’s market cap by its transaction volume.

“Ethereum has risen sharply as the weekend has kicked off. Our NVT token circulation model indicates that ETH tokens are still being exchanged on its network at a high level compared to its current market cap level, indicating a slight bullish divergence.”

The second-largest cryptocurrency by market cap now hovers at $2,705 after establishing a record high of over $4,300 last month, but Santiment says the negative sentiment towards the token may help drive up its prices.

“Ethereum is +20% over Bitcoin’s +6%, and the crowd’s negative perception toward ETH right now, according to our data, may just be fueling the price higher. We’re seeing commentary is more #bearish than usual, which very often pushes prices upward.”

Source: Santiment

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Crypto Custody Firm Unchained Capital Now Valued at $125 Million

Unchained Capital Inc. – a company that delves in crypto custody services and lending – has managed to garner a whopping $25 million in funding, bringing its overall valuation to an impressive $125 million.

Unchained Capital Has Made a Lot of Money

The round was headed by New York Digital Investment Group LLC, which has already pledged heavy support to Unchained over the past several months. The company had placed roughly $50 million into Unchained back in February and is now looking to boost its investment in the enterprise by agreeing to back issued loans worth approximately $100 million at the time of writing.

Joe Kelly – chief executive officer and co-founder of Unchained – explained in a recent interview:

Our existing partnership with NYDIG has unlocked significant value and the expanded investment to lead our Series A will help further transform our company as a leading financial institution for long-term bitcoin holders.

Bitcoin has become much more than just a speculative tool over the past year. Thanks to the coronavirus pandemic, which brought the world’s financial markets to their knees, the globe’s primary digital currency by market cap has become something of a hedge tool that everyone wants to get their hands on as inflation rises. With so many concerns surrounding cash and fiat currencies, bitcoin has become a magic wand of sorts; something that can potentially keep one’s wealth safe and secure during times of economic strife.

Thus, like Unchained, many banks and financial institutions have turned to providing crypto custody services to their customers who may be interested in digital investments. However, the idea of lending with crypto is still something of an enigma in the sense that digital currencies are heavily volatile. Usually, crypto is only offered as collateral of sorts while the loans being taken out are still based in fiat.

Unchained does not seem to operate in this way. The company has been around for roughly five years, and its crypto-based loans are now becoming more popular than ever – especially with the heavy bitcoin price increases the world has witnessed over the past several months.

As it stands, the company presently has about $250 million in outstanding loan funds. This number is literally five times larger than the number the company was boasting at the beginning of the year, which means that in just the last six months, the idea of taking loans out via crypto has surged in popularity.

Bitcoin Is Leading a Charge

Parker Lewis – head of business development with the firm – states:

Historically, there has been a lack of investment in bitcoin-dedicated infrastructure, often in favor of platforms supporting many digital currencies, but Unchained expects this raise to be the first of a growing trend of bitcoin-only businesses attracting capital investment at the scale which has long been deserved.

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XRP Supply Shock Could Be Coming if Ripple Decides To Settle SEC Lawsuit, Says Crypto Legal Expert

A crypto legal expert is predicting that Ripple’s native token XRP may face a supply shock if the San Francisco-based firm settles its lawsuit with the U.S Securities and Exchange Commission (SEC).

In a new video, lawyer and XRP supporter Jeremy Hogan discusses a scenario in which Ripple is able to settle its legal battle with the SEC and how that turn of events could impact XRP.

 

“I believe that a settlement agreement would likely include Ripple paying a penalty, but a penalty specifically limited to dates pre-lawsuit. A settlement would likely not include disgorgement of profits to purchasers because of the impossibility of figuring out how to disperse the funds. A settlement could also very well contain a term which includes limitations on the sales of XRP released from escrow.” 

Hogan also posits that a settlement would likely include an agreement that would limit the sale of XRP to private sales for companies and clients, shrinking the supply of XRP on the market.

“This would in effect limit or slow the flow of XRP into the marketplace. Sales to section D or corporate purchasers cannot then be put into a public exchange for six months, maybe up to a year. A settlement containing this term would essentially bottleneck the flow of XRP into the market for years to come.”

The attorney notes that should Ripple secure a settlement with the SEC, this would make them the first crypto firm to be fully approved by regulators.

“The settlement would put XRP in the clear as far as securities violations and such. Ripple would be the first crypto company to be 100% in the clear from the SEC.”

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Biden Administration Reveals Push To Expand Crypto Tracking and Analysis, Combat Ransomware

The US government is beefing up its crypto tracking and analysis capabilities to fight ransomware attacks that utilize digital assets to extort victims.

In a new press briefing, Deputy Press Secretary Karine Jean-Pierre says the Biden administration is aware of a ransomware attack that targeted JBS, the world’s largest meat producer, which has plants in the US, Canada and Australia. 

 

Jean-Pierre says that combating ransomware is a White House priority, noting that in its efforts to protect against such attacks, the Biden administration will bulk up its tool kit to track crypto transactions that are connected to hacks.

“President Biden has already launched a rapid strategic review to address the increased threat of ransomware to include four lines of effort. One, distribution of ransomware infrastructure and actors working closely with the private sector. Two, building an international coalition to hold countries who harbor ransom actors accountable… [as well as] expanding cryptocurrency analysis to find and pursue criminal transaction; and reviewing the USG’s ransomware policies.”

The FBI links the JBS hack to a Russia-based group known as REvil or Sodinokibi, which is also implicated in previous malware attacks against computer manufacturer Acer, Apple supplier Quanta Computer and currency exchange Travelex.

“The White House is engaging directly with the Russian government on this matter and delivering the message that responsible states do not harbor ransomware criminals.”

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Is Bitcoin Coming to Grand Theft Auto 6? New Rumors Set Crypto Twitter Ablaze

A popular video game leaker says that a Bitcoin-like cryptocurrency could be coming to the in-game economy of the next Grand Theft Auto (GTA) installment.

In a series of Tweets that ripped through the crypto industry, Tom Henderson, who has also leaked information about popular video game Battlefield 6, tells his 33,000 followers that he’s heard rumors that some missions in GTA 6 will reward the player with in-game crypto assets.

 

“I heard recently that in GTA 6, some missions will reward you in Bitcoin instead of cash for completing some missions.

The stock market feature will return, with the addition of a broker for different cryptocurrencies. If GTA 6 incorporates this right, it’s huge for crypto.

Just so there’s no confusion, I mean in-game payments of Bitcoin. These payments will come from the more higher up characters that needs to transfer high amounts of ‘untraceable cash and fast.’”

Henderson later clarifies that the crypto will likely not be called Bitcoin. He also cautions that the rumors could be false.

“Just so there’s even less confusion – I’m not joking. This is what I heard from a someone that I trust and it will likely not be called ‘Bitcoin’ per se – but it will be a cryptocurrency.

That being said – always take info like this with a bit of salt :).”

Rockstar Games, the publisher of the GTA franchise, has neither confirmed nor denied the Bitcoin rumors. A release date for GTA 6 has not yet been announced.

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Panther Protocol Brings Privacy and Confidentiality to Flare Network

June 4, 2021 – Midtown, Gibraltar

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Panther Protocol is expanding its interoperability by building on the Flare Network. Panther takes the next step in bringing much-needed features to the broader industry by providing a compliance-friendly privacy protocol – another step forward for the DeFi industry and its access to untapped liquidity.

Flare Network will prove to be of great interest to decentralized finance as a new smart contract network bringing the first Turing-complete Federated Byzantine Agreement consensus algorithm to the masses. More importantly, it provides access to approximately 65% of the total value in public networks that are currently not accessible to smart contract platforms. As decentralization remains essential, Flare Network aims to change that narrative.

Under the hood, Flare can provide access to the largest blockchain ecosystems incapable of running smart contracts natively. That includes Bitcoin, Litecoin, Ripple’s XRP Ledger, Dogecoin, Stellar and any other existing chain. In the current stage, Flare will integrate XRP, Stellar, Litecoin and Dogecoin. The network can integrate more coins and ecosystems via governance voting post network deployment.

Considering how Flare Network can provide access to this liquidity, it is of great interest to the Panther Protocol. By building a compliance-friendly privacy protocol on Flare, Panther will bring privacy and liquidity to that 65% in liquidity, even if the native blockchains do not support smart contracts.

Oliver Gale, co-founder and CEO of Panther Protocol, said,

“We are delighted to work with the best in class, enabling privacy rights for individual and public blockchains. Flare has a powerful tech stack with a focus on institutional integration. We are excited to partner with them to build Panther privacy in the Flare ecosystem.”

As a decentralized solution focusing on end-to-end privacy for any digital asset, Panther will be of great interest to virtually all DeFi users. Everyone can benefit from personal financial data protection and confidential cryptocurrency transactions. By minting and burning zAssets – confidential clones to the assets they represent – the appeal of synthetic assets will increase exponentially.

Hugo Philion, CEO and co-founder of Flare, said,

“One element that arose from the GameStop short squeeze saga was the clear and urgent need to allow for privacy when making investments to avoid asymmetric outcomes. Panther’s design of a privacy-enabling protocol that maintains KYC and AML compliance while keeping users in control of their data is to my mind a highly important development and a very valuable addition to the Flare ecosystem.”

Panther Protocol can accurately price the network’s privacy service with the help of game-theoretic bounds. An initial rollout on the Ethereum network with cross-chain solutions coming onstream is scheduled. During the first quarter of 2022, Panther will introduce a privacy-enabled cross-chain decentralized exchange on a scalable layer-2 solution.

About Panther Protocol

Panther Protocol is an end-to-end privacy protocol for DeFi. Panther provides DeFi users with fully collateralized privacy-enhancing digital assets, leveraging crypto-economic incentives and zkSNARKs technology. Users are able to mint zero-knowledge zAssets by depositing digital assets from any blockchain into Panther vaults. zAssets will become an ever-expanding asset class for users who want their transactions and strategies the way they should always have been – private.

About Flare Network

Flare is a scalable, highly decentralized smart contract platform that runs the Ethereum Virtual Machine and utilizes Federated Byzantine Agreement-based consensus.

The platform’s native token Spark (FLR) enables Flare to unleash the tremendous value and community created by existing tokens that do not currently have native smart contracts. Flare is initially integrating Dogecoin, Litecoin, XRP and XLM. Any other token can be integrated through community governance voting.

Flare is unique in that it derives its network structure from its underlying integrated networks, leveraging the decentralization and security of the underlying networks.

Flare’s development team features experts from the worlds of electronic engineering, distributed systems, quantum computing, mathematics, computer science, quantitative finance and risk management.

Contact

Jillian Godsil

This content is sponsored and should be regarded as promotional material. Opinions and statements expressed herein are those of the author and do not reflect the opinions of The Daily Hodl. The Daily Hodl is not a subsidiary of or owned by any ICOs, blockchain startups or companies that advertise on our platform. Investors should do their due diligence before making any high-risk investments in any ICOs, blockchain startups or cryptocurrencies. Please be advised that your investments are at your own risk, and any losses you may incur are your responsibility.

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The Marilyn Monroe Estate Launches ‘Marilyn Monroe Metamorphosis’ – A Curated NFT Collection in Honor of the Hollywood Icon’s Milestone 95th Birthday

June 4, 2021 – New York, New York

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The Marilyn Monroe Estate has partnered with Ethernity Chain to eternalize the star’s legacy in the blockchain.

The Marilyn Monroe Estate and blockchain platform Ethernity Chain (CCC:ERN-USD) announces ‘Marilyn Monroe Metamorphosis,’ a curated collection of art by today’s emerging artists from around the globe in honor of the beloved icon’s milestone 95th birthday.

Marilyn Monroe Metamorphosis will be available for auction for 72 hours beginning June 1, 2021, at 12 p.m. EDT, exclusively at marilynmonroeforever.com.

Inspired by Marilyn’s multi-dimensionality, complexity and status in the world of pop culture, this next generation of artists featured in Marilyn Monroe Metamorphosis envision the immortality of Marilyn in a manner that propels her legacy forward, while nodding at her storied history as a powerful woman who made her own way.

Jim Gibb, creative director at the Marilyn Monroe Estate, said,

“Marilyn Monroe’s persona has captured the imagination of artists, creators, and art collectors for decades. From Richard Avedon, to Andy Warhol, to Cindy Sherman, to Willem de Kooning, artists have made the iconic actress an indelible part of American contemporary art. Through groundbreaking NFT technology, her image will continue to fascinate and inspire the art community through this new medium.”

Nick Rose, founder and CEO at Ethernity Chain, said,

“We are ecstatic about partnering with the Marilyn Monroe Estate on Marilyn Monroe Metamorphosis. Ethernity is honored to be the first platform to continue Marilyn’s legacy from the era of pop art, to the era of NFTs and the blockchain. There could not be a more iconic first female celebrity to drop on Ethernity.”

Marilyn Monroe Metamorphosis will be available for auction for 72 hours beginning June 1, 2021, at 12 p.m. EDT, exclusively at marilynmonroeforever.com.

See the NFTs

Meet the incredible artists, thought and creative leaders in the space

• Blunt Action
• Starving AI
• Aitana Basquiat
• Grace Casas
• Drella Drexler
• Jason Ebeyer
• Andre Holzmeister
• Blake Kathryn
• Vasya
• Vincent Viriot
• Bloo Woods

About Marilyn Monroe

Marilyn Monroe is one of the most influential pop culture icons of all time. A true trailblazer, Monroe forged her own path, embracing her individuality and pursuing her passions in an era when paths for women were few. Her pioneering spirit, independence and confidence, along with her incomparable star power, continue to inspire modern generations and transcend cultures and backgrounds. Partnerships with both luxury and mass-consumer brands, in addition to an extensive merchandising program, reinforce her status as a global icon.

For more information and exclusive updates, follow @marilynmonroe on Instagram, Facebook and Twitter.

About Ethernity Chain

Ethernity Chain is a community-oriented platform that produces limited edition authenticated NFTs and trading cards created by your favorite artists and endorsed by notable figures. Built on the Ethereum network, it aims to build the biggest A-NFT library, reward its creators and raise funds for charitable causes forever. It’s a win-win situation in which everyone benefits, from NFT collectors, to charities that work with some of the most vulnerable members of society. Its unique DeFi applications allow ERN token holders to farm rare A-NFTs, stake, farm and vote on proposals that will amend the Ethernity Chain ecosystem. You can get exclusive NFTs by auction sales or farming ERNs and accumulate rewards that you can use to redeem collectibles. A portion of the sales proceeds goes to our charity partners.

Contact

Michelle Ciciyasvili, Authentic Brands Group – The Marilyn Monroe Estate

This content is sponsored and should be regarded as promotional material. Opinions and statements expressed herein are those of the author and do not reflect the opinions of The Daily Hodl. The Daily Hodl is not a subsidiary of or owned by any ICOs, blockchain startups or companies that advertise on our platform. Investors should do their due diligence before making any high-risk investments in any ICOs, blockchain startups or cryptocurrencies. Please be advised that your investments are at your own risk, and any losses you may incur are your responsibility.

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