The social media giant has nothing to do with Decentraland, however, that didn’t stop investors plunging into the coin. The rebrand is part of the company’s drive to focus on building the metaverse. The Facebook social media platform decided to change its name to META with a new ticker of MVRS on the 1st of December. However, last week saw the coin rocket after the rebrand of Facebook to Meta. The project hosts a virtual reality world on the blockchain and has been boosted by the Non-Fungible Token (NFT) craze. MANAĭecentraland was one of the strongest projects this week with the MANA coin up over 260%. I stated in a previous analysis that the largest gold ETF draws only around $58 billion of investment currently and the initial comments surrounding the “$6 trillion” ETF investment space were exaggerating the potential for BTC flows by professionals.Įthereum is now trading at $4,329 after recent highs above the $4,400 level. 19 under the ticker BITO and quickly gathered over $1 billion in assets – the fastest-ever ETF to reach that milestone. The first Bitcoin futures ETF, the ProShares Bitcoin Strategy ETF, started trading Oct.
The new ETF vehicles added only $53 million of assets last week. Inflows into U.S.-based ETFs also slowed as the initial hype that accompanied the product launch faded. That’s down from the record $1.47 billion during the prior week, but it helped to add further inflows to a total $8.7 billion for the year to date. The Bitcoin price has faded after seeing new all-time highs above the $66,000 level and some profit-taking has set in for the market after the Exchange Traded Product news.ĭigital assets products saw a total of $288 million in inflows during the week ending Oct. The price of Ethereum outperformed Bitcoin this week with the world’s second largest currency gaining 3%, while BTC dropped almost 2.7%. SAND and SHIB also strong but SQUID scams investors. 'Squid Game' has taken over the internet: Now, it plans to take over Halloween.Ethereum gains 3% on the week while BTC loses 2.6%. "This project, while clearly inspired by the Netflix show of the same name, is unlikely to be affiliated with the official IP," they said. The final game entry cost is over $50,000, according to CoinMarketCap.īefore you go buy any SQUID, CoinMarketCap issued a warning that users are reporting they are unable to sell the token in PancakeSwap – a popular place where people exchange tokens. Game 1 had an entry fee of $4.56 or 456 SQUID when the token first launched, but has has swelled to over $1,500 by Friday morning.
Should you?: Millennial parents join the crypto craze. 'Have you seen 'Space Jam 2': 'Squid Game' creator Hwang Dong-hyuk responds to criticism from LeBron James However, as the price continues to surge, so does the price to enter into the games. "Everyone here in crypto world can participate in the Squid Game with SQUID token or related NFTs in our marketplace." "There is no longer dystopian world where a mysterious organization gathers people who are in large amounts of debt and 'living on the edge,'" the project's white paper said.