It always amazes me how quickly crypto news (good or bad) spreads.
Yesterday, a credible and popular media outlet posted an article claiming that Walmart will be adopting LTC (Litecoin) as a payment method soon. According to the press release, Walmart shoppers would soon be able to make ecommerce purchases using Litecoin.
(Spoiler alert… fake news!)
A behemoth corporation adopting crypto was exactly the type of news the “bulls” have been waiting for -- the type of publicity that should technically send the crypto markets to the moon.
In just a matter of minutes, the article was picked up by other media outlets and flooded the crypto-sphere, inducing a massive 80 billion dollar pump for the entire crypto market. This sent LTC flying, from $175 to around $240… in just 15 minutes!
As quick as these shockwaves came, they disappeared just as fast when CNBC and publications confirmed that the story was fake. $100 billion, gone.
The chart is pretty wild to see…
Fun times!
In other news, it appears that Elon was testing if he still had the magic touch… 😂
He also changed his name to “name”.
(For those that need an explanation, this is a Shiba Inu, the dog behind Elon’s fav. crypto, Dogecoin.)
Where’s my NFT collectors at?
NFT Spotlight
We’re on the hunt for the next big NFT drop. Which ones have a great community, leadership, and a solid roadmap? Let us know which NFT project you’d like to see featured next or drop us some of your art and maybe we’ll give you some exposure. :)
Yesterday’s Top NFTrades
(by volume)
Cool Cats
24H Vol: 2,339 ETH
Floor: 5.5 ETHSneaky Vampire Syndicate
24H Vol: 2,093 ETH
Floor: 0.57 ETHMutant Ape Yacht Club
24H Vol: 380.12 ETH
Floor: 3.67 ETH
Stay tuned,