Vitalik Buterin , the founder of Ethereum, will be part of the cast of Stoner Cats, the TV show linked to blockchain and NFT, produced by actress Mila Kunis.
According to reports , the cast of this series is completely Hollywood, with famous names such as Jane Fonda, Chris Rock and Ashton Kutcher. The union of Buterin with this cast seems to complete the mission of the animated web series that wants to strengthen the presence of the crypto world.
Specifically, the founder of Ethereum will give a voice to the taxidermic cat named Catsington.
But the most surprising thing is that in order to see the first five-minute episode, viewers must purchase an NFT or Non-Fungible Token . Basically, these NFTs only digital representations of works related to the show’s characters.
Not only that, as soon as they are made, NFT tickets will also be available, able to unlock all the episodes of Stoner Cats.
The price of each NFT is 0.35 ETH , the equivalent of nearly $ 750 at the time of writing.
It is a real crypto crowdfunding using NFTs . In this regard, Morgan Beller, a general partner of venture firm NFX and a member of the team behind “Stoner Cats” defines such financing as a direct exchange between consumers and creators, cutting out the middlemen and, in some cases, offering some ‘of creative control to the consumers themselves.
Vitalik Buterin and the NFT-funded series
Beller also described how Buterin, who was involved after writing the Stoner Cats script, is acting out in voicing his character.
“He doesn’t like to swear and his character said ‘fuck’ a couple of times, so he asked if they could change it and they were accommodating.”
The changes requested on the set, however, have not been extended to the model created by the team. In fact, all the cast, including the Russian programmer, will be paid in ETH and in equal measure , depending on the level of funding the project will receive at the initial launch of NFT.
The team’s forecast is to reach at least 50% of its total funding target , represented by 10,420 NFTs, which would be the equivalent of approximately $ 7.5 million already at the initial launch . If that were the case, the entire cast could earn half this amount, without having to pay additional intermediaries.
In this sense, Beller concludes with:
“We see it as an opportunity to educate people [about crypto] and bring them into the fold. I personally think a lot of crypto assets are daunting. I think we need people and faces and voices that non-crypto followers recognize and trust to start explaining these concepts. Even if this fails, we can make it happen ”.
This new collaboration of the Russian programmer co-founder of Ethereum aligns with his opinion expressed a few days ago at the fourth Ethereum Community Conference.
In fact, Buterin had stated that being defined by Decentralized Finance or DeFi is certainly better than being defined out of thin air, but Ethereum must go further. Here is that NFTs as crypto crowdfunding could be the desired addition.
Ethereum Price Could See a Short-term Correction Before the Upswing Resumes
The Ethereum fear and greed index signals high greed readings at level-73 even as GasNow, the popular Ethereum gas price quotation system suspends operation. The event was followed by the China-based mining pool [Sparkpool] earlier announcing the closure in response to regulatory requirements.
Etherscan at press time shows that the Ethereum 2.0 deposit contract maintains its lead as top deposit account in terms of Ether balance, an indication that the Sparkpool incidence does not deter the growth of the ETH ecosystem.
Another significant driver of the general crypto market is the recent Bitcoin ETF approval, as analysts speculate on an Ethereum ETF approval to follow. Meanwhile, the ETHBTC price chart from a daily time frame signals a regular bullish divergence, which means we should expect a rise in demand for ETH over BTC in the short to mid-term.
Read on as we uncover more insights from the ETHUSDT price chart.
Ethereum (ETH) Weekly Chart Analysis
Paired against USDT, the Ethereum ETH trades within an expanding triangle, formed by bearish and bullish divergence patterns on 10 May and 19 July ’21.
The ETHUSDT price soared by about 136% after following a hidden bullish divergence on 19 July. Values of the RSI continue to trade above level-25, therefore indicating an uptrend as a bear-trap signal confirms a higher trough on 20 September ’21 [$2652.00].
Ethereum (ETH) Daily Chart Analysis
The above daily chart annotations reveal a similar expanding channel chart structure, this time with a bearish divergence as the current signal.
We anticipate the current uptrend to retract as early bulls take out some profits. On the flip side, a surge in demand could nullify the bearish divergence altogether as the price shoots for new highs.
Ethereum (ETH) 4HR Chart Analysis
Viewing the ETHUSDT from the 4HR intraday time frame, we notice a third expanding channel with a bullish divergence signal at press time.
Short-term scalpers could take a quick long order trade following the current bullish divergence with support at $3795.00.
Although the general outlook for the ETHUSDT remains bullish, traders should generally be mindful of a price breakdown below the bullish trend line support, which could confirm the bearish divergence signal on the daily time frame and a decision to short sell the ETHUSDT.
Ethereum (ETH) Intraday Levels
- Spot rate: 3894.09
- Mid–Term Trend [H4]: Strong Bullish
- Volatility: High
- Support: $3371.00, $3695.00, and $3795.00
- Resistance: $3966.00 and $4000.00
Ethereum Price (ETH) Inches Closer to the $4k Mark! Institutional Investors seem Bullish
Over the last 24 hours, the market has been in the green. Ethereum is up 4.04 percent, while Bitcoin is up 3.74 percent. Early on, the Ethereum cryptocurrency entered a little bullish phase, and the price of Ether appears to have breached the level of $3,800.
In the previous few days, ETH has made a significant advance, and the coin is currently approaching a test of the $4k threshold.
A several-day sluggish retreat from the barrier was visible to the $3,400 mark. A firm foundation was built earlier this week after multiple efforts to break lower.
According to popular analyst Michael van de Poppe, December is frequently the ideal time to buy altcoins.
He claims that If history repeats itself, we might see a 200 percent run on $ETH/BTC towards the ATH region from there, but first there will be a larger pullback while #Bitcoin continues to perform well.
December is often the best period to buy #altcoins.
If history repeats, we might be getting a run of 200% on $ETH/BTC towards the ATH region from there, but first a heavier correction while #Bitcoin does well. pic.twitter.com/Op0grUEq3L— Michaël van de Poppe (@CryptoMichNL) October 15, 2021
ETH Price to $4000!
Fundstrat, an independent financial research firm, has some exciting news for Ethereum fans. According to the firm’s technical research, Ethereum is on the verge of a massive bull run that will push it past previous all-time highs.
“Ethereum Looks To Be Starting To Gain On Bitcoin After A Near One-Month Period Of Underperformance Throughout September.”
The crypto’s soaring market share, according to Fundstrat, will propel it over the psychologically significant $4,000 threshold. A convincing move above $4,030 would bolster the bulls, putting the coin on track for a new all-time high of $4,950.
Crypto exchange Coinbase recorded a withdrawal of 400k Ethereum yesterday, according to on-chain data. This could be a hint of institutional investment activity, which would be good for the coin.
Approximately 400k ETH (1.5 billion at the current exchange rate) was removed from the crypto exchange Coinbase yesterday, according to a CryptoQuant report.
The fact that institutional investors are bullish on ETH could spell disaster for the cryptocurrency. If ETH is to advance to the next level, it will require a significant amount of capital, which normally means that whales such as institutional investors will be required to participate.
Ethereum Forecast October 18 — 22, 2021
Ethereum ETH/USD ends the trading week at 3847 and continues to move as part of the rise and the formation of the ”Triangle” pattern. Moving averages indicate a bullish trend for ETH/USD. Prices went up from the area between the signal lines, which indicates pressure from cryptocurrency buyers and a potential continuation of growth from the current levels. At the moment, we should expect an attempt to develop a price correction and a test of the support level near the area of 3055. Where can we expect a rebound and a continuation of the rise in the rate and value of Ethereum with a potential target above the level of 4755.
Cryptocurrency Ethereum Forecast October 18 — 22, 2021
An additional signal in favor of raising the ETH/USD quotes in the current trading week on October 18 — 22, 2021 will be a test of the trend line on the relative strength index (RSI). The second signal will be a rebound from the lower border of the bullish channel. Cancellation of the growth option for the cryptocurrency value in the current trading week will be a fall and a breakdown of the level of 2845. This will indicate a breakdown of the support area and a continued fall in ETH/USD quotes with a potential target below the level of 2235. Confirmation of the rise in the Ethereum cryptocurrency will be a breakdown of the resistance area and closing of quotes above the level of 4355 , which will indicate a breakdown of the upper border of the ”Triangle” model.
Cryptocurrency Ethereum Forecast October 18 — 22, 2021 implies an attempt to test the support area near the level of 3055. Where can we expect a rebound and continued growth of the cryptocurrency to the area above the level of 4755. An additional signal in favor of the rise in the Ethereum rate will be a test of the trend line on the relative strength. Cancellation of the growth option will be a fall and a breakdown of the area of 2845. In this case, we should expect a continuation of the decline with a target below the area of 2235.