• Bad Face Bots is an NFT collection built on Ethereum launched in 2021.
• It has 2500 owners and 6,757 collections sales at an average price of 0.18 ETH (~$297.02).
• The floor price of Bad Face bots is 0.025 and it’s difficult to assess whether the collection is overpriced or underpriced as the market for NFTs and metaverses develops more actively.

Overview

Bad Face Bots is a non-fungible tokens (NFT) collection built on the Ethereum network launched in 28 December, 2021. There are 5,555 items in the collection which can be viewed at OpenSea, and it has reached 2500 owners within 442 days since its release.

Price & Sales

The market capitalization of Bad Face Bots NFT collection is 61.11 ETH and 6,757 collections have been sold at an average price of 0.18 ETH (~$297.02 at the time of writing). This created a total volume in 1,205.409 ETH with a floor price of 0.025, and 30-day trading volume kept at 0.22 ETH using payment tokens such as ETH and WETH.

Why are some NFTs expensive?

NFT projects that started at the beginning of the market boom have garnered legitimacy due to first-mover advantage with better opportunities to improve from issues that have plagued the NFT market making them valuable. Additionally, opportunists saw this growth as a way to exploit for profits beyond their wildest dreams creating digital art purely out of greed with no value making them garbage projects ultimately leading nowhere else but disappointment or losses for buyers or investors who get caught up in these schemes without proper research or investigation beforehand into their legitimacy or lack thereof before investing real money into them..

Is Bad Face Bots Over/Underpriced?

It is difficult to determine whether NFTs from the Bad Face Bots collection is overpriced or underpriced as it depends on how they are developed and promoted by its creators and community as well as when more active markets develop around them which will help make assessments easier when more information becomes available about these types of investments before taking part in any transactions involving themone should always do their own research beforehand so they can make informed decisions when deciding whether or not to invest real money into these types of projects that may seem too good to be true especially if there isn’t much evidence backing up their legitimacy behind them first prior to investing anything into them whatsoever..

Examples

Bad Face Bots #1, #2, #3 & #4 are examples from this collection with buyer fees set to dev being zero basis points while seller fees set to dev being 750 basis points with opensea buyer fees also set to zero while opensea seller fees remain unknown currently until further notice regarding their exact fee structure going forward moving forward with all other details concerning this particular project remaining subject changes down road depending upon how everything progresses over time as seen fit by its developers & creators altogether now onwards from hereon out indefinitely evermore onwards yet still again nonetheless regardless all said & done conclusively finally either way roundabout either way nevertheless overall for sure!

• Coinbase announced its partnership with Optimism (OP), allowing users to access Ethereum (ETH) scaling solutions faster and cheaper than on the main blockchain.
• Orbeon Protocol (ORBN) sold $800,000 ORBN tokens in 24 hours, demonstrating strong investor interest in this DeFi platform.
• Bitcoin (BTC) took a breather after its recent bull run, with its price currently hovering between $22,000 and $25,000.

Coinbase Partnership With Optimism

This week saw Coinbase announce its partnership with Optimism (OP), an Ethereum (ETH) scaling solution that leverages a technique called optimistic rollups to process transactions faster and cheaper than on the main blockchain. Despite being new to the market, Optimism (OP) has already gained significant traction thanks to this news, sending its prices soaring. This partnership also marks the launch of Coinbase’s new layer-2 platform called Base which will utilize Optimism (OP).

Orbeon Protocol Token Sale

Orbeon Protocol (ORBN) is a decentralized finance (DeFi) platform that is disrupting the traditional financial system by providing a trustless environment for users to trade digital assets. This week saw Orbeon Protocol sell $800,000 ORBN tokens in just 24 hours, demonstrating strong investor interest in this project. The success of this sale demonstrates that DeFi projects are gaining traction as investors begin to realize their potential and appreciate their benefits over traditional finance options.

Bitcoin Taking A Breather

Bitcoin (BTC) is the world’s largest cryptocurrency by market capitalization and it recently experienced a bullish run that saw its price soar above $68,000 earlier this year. However, BTC then experienced a sharp correction which pushed its value down below $16,000 before recovering slightly. Bitcoin (BTC)’s current price is hovering between $22-25k as it takes a breather from its recent bull run; however some analysts have warned of another potential correction coming soon.

Strong Investor Interest In Crypto Markets

This week’s news stories demonstrate strong investor interest in crypto markets across multiple projects – from Ethereum scaling solutions such as Optimism (OP), through to decentralized finance protocols like Orbeon Protocol(ORBN). With many investors turning towards crypto assets for both speculative gains and fundamental utility purposes these developments show that crypto has become an increasingly important part of modern financial infrastructure globally.

Conclusion

Overall this week has been full of exciting news stories in the crypto markets as major players continue to enter into strategic partnerships and innovate within decentralized finance space. As more projects come into view we can expect continued investor interest in these markets going forward as they take on an increasingly important role within our wider economy

• 0x Labs has launched a transaction relay API that is designed to facilitate frictionless crypto experiences.
• The Tx Relay API eliminates the need for users to hold and maintain native token balances in order to interact with the blockchain.
• This service offers developers and users the ability to switch between different networks while still maintaining their original balance and value.

0x Labs Launches Transaction Relay API

0x Labs, the blockchain development team behind 0x Protocol, has launched a new transaction relay API built for Polygon and Ethereum. According to 0x Labs, the transaction relay API (application program interface) is designed to create a more streamlined experience for developers who are looking to build frictionless crypto experiences.

Removing Barriers of Entry

For the most part of its early innovations, Web3 has required users to hold and maintain a certain amount of balance from a specific chain’s native token, a prerequisite that has often been recognized as a barrier of entry for users trying out different blockchains. With 0x‘ Tx Relay API, the requirement can be dissolved, allowing users to directly enter a chain’s configuration without needing to have some balance to initialize transactions.

More Streamlined User Experience

The new Tx Relay API seeks to address this problem by providing developers and users with options to quickly and securely execute transactions between various networks. The service allows users to switch between different networks while still maintaining their original asset balance and amount of value held in their originating wallet. Without requiring another layer for operation, the Tx Relay API processes approvals, allowances, and swaps, thereby lessening the steps for a user to actually make use of a network’s utilities, with all other auxiliary processes abstracted into the contract’s backend.

Interoperability & Adoption

This means that someone who is, for example, a beginner in Web3 could straight out hit the ground running and gain more knowledge of how these ecosystems work together. What this relay interface implies for the blockchain space is that it sets a new level of interoperability with more ease of use across varying use cases in Web3. Adoption and scale are two other fronts towards which this new integration opens for.

Partnership With Robinhood Wallet

0x Labs says that they have partnered with Robinhood Wallet which is one of the more popular e-wallets with secured crypto integration In collaboration with Robinhood Wallet , 0x Labs strives make inter-chain transactions effortless easily accessible for users Having opportunity access multiple blockchains from single platform would give capacity interact variety crypto projects across different chains easy straightforward manner User experience crypto natives will also improved new relay APIs composability features providing execution options opt in or opt out selections gasless transactions end us

• Polygon, an Ethereum Layer-2 scaling solution, has announced that it is laying off 20% of its employees.
• The decision to cut the workforce comes as part of a company restructuring amidst the ongoing crypto winter.
• The company’s treasury remains healthy with a balance over $250 million and 1.9 billion MATIC tokens.

Layer-2 Scaling Solution Polygon Announces Layoffs

Ethereum Layer-2 scaling solution Polygon has announced that it will be laying off around 20% of its workforce as part of a wider company restructuring due to the ongoing crypto winter.

Impact on Employees

The layoffs are set to affect around 100 positions at the company, with impacted employees receiving three months‘ severance pay regardless of their tenure or level. As per Polygon co-founder Sandeep Nailwal, these changes would not impact the day-to-day operations and functioning of Polygon Labs.

Company Fundraising & Strategy

The announcement comes nearly a year after the layer-2 scaling solution had raised $450 million in a funding round led by Sequoia India. Polygon has consolidated multiple businesses under the Polygon Labs banner, with this move seen as part of their strategy for driving mass adoption web3 by scaling Ethereum over the next five years.

Healthy Treasury Balance

Polygon said that its treasury balance remains very healthy at over $250 million and more than 1.9 billion MATIC tokens, helping to crystallize their strategy for mass adoption going forward.

Conclusion

Despite laying off around 20% of its staff, Polygon still remains confident about its strategy for mass adoption going forward thanks to its strong treasury balance and consolidated teams under Polygon Labs

• The current crypto market is experiencing violent ups and downs, but the long-term outlook may be worth it.
• The SEC has tried to dampen the optimism surrounding cryptos, while bitcoin is stuck in a range between $25,000 and $17,600.
• U.S. CPI data will be released on Tuesday and could decide the next move for cryptos.

Choppy Seas for Cryptocurrency Market

The crypto market has been seeing its fair share of highs and lows over the past few months, with some investors feeling unsure about what lies ahead. Despite this uncertainty, there is still potential of great reward if all goes as planned in the long run.

U.S.’s SEC Dampening Optimism

The U.S.’s Securities and Exchange Commission (SEC) has been actively trying to contain the level of positivity in the crypto world by taking measures such as shutting down staking on Kraken exchange earlier this year — much to Commissioner Hester Peirce’s disagreement which was posted publicly on SEC’s website itself. For now, Bitcoin hovers at around midpoint between $25k and $17.6k; should it break downwards, then it may face support at roughly $20k area or lower if things take a turn for worse.

Expect Volatility Around Inflation Data

As altcoins have proven resilient despite recent market cap drop from $390 billion to only $351 billion recently, some retrace can be expected sooner or later — yet an exact destination remains unknown for now. On Tuesday next week, U.S.’s inflation data will be published; investors should brace themselves for volatility before and after the news release as it could determine where cryptos are heading towards — either more balmy seas or stormy ones depending on whether inflation number comes out higher or lower than expected respectively.

Conclusion

Crypto markets have been through turbulent times since January 2021 due to several factors such as SEC’s regulation efforts combined with uncertain inflation data results soon to come; however investors shouldn’t forget that success may still lie ahead if everything unfolds accordingly in time — so hodl tight!

• Bitcoin (BTC/USD) rebounded slightly early in the Asian session, rising above 24000 after bottoming out around 23257.71.
• Stops were recently elected above 23980.62 and 24224.60, which represent buying pressure around 15460 and 20370.01 respectively.
• Upside price objectives related to buying pressure around 16326.16 include 25455, 25774, 27609 and 28004 levels while technical support levels are noted at 22389, 22184, 21230, 20294 etc.

Price Activity

Bitcoin (BTC/USD) rebounded slightly early in the Asian session as the pair rallied back above the 24000 figure after bottoming out around the 23257.71 area. Stops were recently elected above the 23980.62 level, an upside price objective associated with demand around the 20333.33 level; this followed a surge to 24262.18 area after Stops were elected above the 24224.60 level representing buying pressure that emerged around 15460 and 20370.01 areas respectively. The pair’s subsequent pullback to 23208 represented a test of 61% retracement of depreciating range from 22500 to 24262; traders are awaiting further directionality from here on out.

Upside Price Objectives

Upside price objectives related to buying pressure around 16326 include 25455, 25774, 27609 and 28004 levels while upside price objectives related to buying pressure around 15460 area include 26612, 26931 29244 and 29639 levels.

Technical Support & Resistance Levels

Following recent move higher towards multi-month highs; technical support levels & areas of potential buying pressure are noted at 22389, 22184, 21230, 20294 etc while stops are cited below 18199 18024 17537 and 17343 levels respectively.

Moving Averages

Traders are observing that 50-bar MA (4-hourly) is bullishly indicating above 100-bar MA (4-hourly) & 200-bar MA (4-hourly). Also 50-bar MA (Hourly) is bullishly indicating above 100-bar MA (Hourly) & 200-bar MA (Hourly). Price activity is nearest 50-bar MA (4 hourly) at 23296 & 50 bar MA(Hourly) at 23508.

Conclusion

Overall BTC/USD is bouncing off its lows but we may yet see more volatility before it settles into a new trend direction; technically significant areas include 15900 15512 15313 14500 14364 13369 10727 10432 9682 8837 and 7538 levels; traders should watch for further developments closely as they await further directionality from here on out..

• Silvergate, a California-based crypto bank, is suspending dividend payouts in order to remain liquid during the crypto market’s liquidity crisis of 2022.
• The crypto bank’s primary focus is maintaining a highly liquid balance sheet with a strong capital position.
• Losses were due to several macroeconomic factors and crypto-related events, including a shift in monetary policy that saw central banks hike interest rates to tame inflation.

Silvergate, a state-chartered bank that went public in 2019 and became the first crypto bank listed on the New York Stock Exchange, recently announced that it would suspend dividend payout on its “5.375% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series A” to preserve its capital position. The crypto bank said that its primary focus is maintaining a highly liquid balance sheet with a strong capital position, in order to be able to navigate the high volatility in the crypto market.

The decision to suspend dividends comes in response to the crypto market’s liquidity crisis of 2022, which saw prices peak at around $70,000 in November 2021 before plunging to $15,300 in November 2022. This drop was attributed to a number of macroeconomic factors and crypto-related events, including a shift in monetary policy that saw central banks hike interest rates to tame runaway inflation.

The move to suspend dividend payments will leave Silvergate with more capital than customers’ digital assets. However, the bank’s board of directors will re-evaluate the payments of quarterly dividends depending on how market conditions evolve. There was no official comment from any of Silvergate’s executives.

In the meantime, the bank has urged its customers to remain vigilant about any digital currency trading activities, and to be aware of the risks associated with such activities. The bank also recommends that customers diversify their investments and that they consult with a financial advisor before making any decisions.

Overall, Silvergate’s decision to suspend dividend payments is a prudent move to protect itself from the volatility of the crypto market. The bank is confident that its capital position and liquidity will remain strong and allow it to navigate the challenging times ahead.

• The crypto industry is currently showing signs of a major recovery, with Bitcoin risk reversals trading in positive territory and calls being more expensive than puts across multiple tenors.
• QCP Capital’s analysis points out that this bullish sentiment is a result of the macro market and a slight recovery in the economy.
• BitStarz Player Lands $2,459,124 Record Win, indicating that the crypto industry may be in the midst of a major upswing.

The cryptocurrency market has undergone a drastic change in recent times. An analysis by QCP Capital has revealed that the options market in its present state makes the crypto industry seem as though a major crisis such as the shutdown of crypto exchange FTX after filing for bankruptcy, never happened.

The crypto market has come back to life, as evidenced by Bitcoin (BTC) risk reversals trading in positive territory for the past week. This means that calls (buys) have been more expensive than puts (sells) across multiple tenors, which is highly unusual for the sector as BTC typically has a persistent put skew. This is mainly due to miner/treasury hedging activities.

The trading desk at QCP Capital has noted that the sentiment in the cryptocurrency market has shifted from bearish to bullish as a result of the macro market and a slight recovery in the economy. This has been reflected in the pricing of options, with puts trading at higher volatility than calls.

The bullish sentiment has been further highlighted by the recent record win of a BitStarz Player, who walked away with a staggering $2,459,124. This indicates that the crypto industry may be in the midst of a major upswing, with the options market providing a further glimpse of the changing landscape.

As the crypto market continues to evolve, investors should keep an eye on the options market to better understand the sentiment of the cryptocurrency industry. With the current state of the market indicative of a major recovery, the future looks bright for the crypto industry.