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The global crypto market cap is $1.18 trillion with a 24-hour volume of $26.1 billion. The price of Bitcoin is $29,209.96 and BTC market dominance is 48.1%. The price of Ethereum is $1,867.25 and ETH market dominance is 19.1%. The best performing cryptoasset sector is Cannabis, which gained 65%.
Community members are vying for positions on a gigantic pixel canvas.
Cover art/illustration via CryptoSlate
Dogecoin and the /r/cryptocurrency subreddit have both secured a place in Reddit’s massive “place” canvas as of July 25.
The event, which has been ongoing since July 20, allows Reddit users to edit an image one pixel at a time. The fact that each user must wait a certain amount of time to draw each pixel means that communities must collaborate to complete their drawing.
Now, as the event reaches its conclusion, two crypto communities have seemingly secured space on the canvas. The Dogecoin (DOGE) community has drawn three Ð symbols alongside a muscular “shiba inu” dog wearing sunglasses.
Meanwhile, /r/cryptocurrency has drawn a moon (and a moon-like heart symbol) to represent its “Moons” token, alongside a vine and a rocket ship.
Bitcoin (BTC), meanwhile, has seemingly failed to secure a spot. The currency’s listed position briefly displayed a Cuban flag and has now been vandalized with random black pixels. Some contributors also report that certain users are attempting to hijack a drawing of a coin that is unrelated to cryptocurrency — which has a “P” for the Twitch streamer Punz — and instead draw a “B” for Bitcoin.
Last year’s canvas saw significantly more crypto entries. Bitcoin, Ethereum, Monero, Moons, Nano, Banano, Helium, Raptoreum, and Wownero all secured a position or multiple positions on the canvas in 2022. The 2017 edition of the event appeared to include fewer crypto entries but included at least Bitcoin, Ethereum, and Monero.
The 2023 event is expected to end at an unspecified time on July 25.
The two successful crypto drawings come alongside breakouts for the relevant tokens. Dogecoin gained value on July 24 as Elon Musk rebranded Twitter and added the Ð symbol to his profile. This once again raised hopes for Dogecoin integration though Musk did not announce official plans to do so. Dogecoin is up 20.4% over seven days.
Meanwhile, /r/cryptocurrrency Moons (MOON) were listed by Crypto.com on July 17. The asset is up 314.8% over the past 14 days.
Bitcoin, a benchmark for the rest of the cryptocurrency market, is down 1.6% over the past seven days and down 4.2% over 14 days.
Before transitioning to crypto writing in 2018, Mike studied library and information sciences. Currently, he resides on Canada’s West Coast.
CryptoSlate is a comprehensive and contextualized source for crypto news, insights, and data. Focusing on Bitcoin, macro, DeFi and AI.
Disclaimer: Our writers’ opinions are solely their own and do not reflect the opinion of CryptoSlate. None of the information you read on CryptoSlate should be taken as investment advice, nor does CryptoSlate endorse any project that may be mentioned or linked to in this article. Buying and trading cryptocurrencies should be considered a high-risk activity. Please do your own due diligence before taking any action related to content within this article. Finally, CryptoSlate takes no responsibility should you lose money trading cryptocurrencies.
Dogecoin is a cryptocurrency created in December 2013 as a joke by software engineers Billy Markus and Jackson Palmer.
Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.
Reddit is a social news aggregation, conversation, and content-rating website based in the United States.
The Worldcoin founder is touting high adoption rates but support from on-chain data is lacking.
Crypto leaders’ spirited debate on the path towards a future where crypto payments are instant, free, and globally accepted.
AMB’s Access and Query functionalities have been been expanded to provide serverless and scalable access to blockchains, starting with the Bitcoin network.
The Worldcoin founder is touting high adoption rates but support from on-chain data is lacking.
Worldcoin’s mainnet went live on July 24, airdropping the WLD token to early community members.
Millions poured into abandoned token as Elon Musk’s tinkering with Twitter continues to sway market sentiments
Crypto entrepreneur Sina Estavi’s effort to sell the NFT since 2022 has been futile as the once-booming market fizzles.
Bachiashvili is a powerful figure in Georgia, having founded a private equity firm that contributes about 40% to the country’s GDP.
Kennedy has been a vocal supporter of the crypto industry since he began his campaign.
Disclaimer: By using this website, you agree to our Terms and Conditions and Privacy Policy. CryptoSlate has no affiliation or relationship with any coin, business, project or event unless explicitly stated otherwise. CryptoSlate is only an informational website that provides news about coins, blockchain companies, blockchain products and blockchain events. None of the information you read on CryptoSlate should be taken as investment advice. Buying and trading cryptocurrencies should be considered a high-risk activity. Please do your own diligence before making any investment decisions. CryptoSlate is not accountable, directly or indirectly, for any damage or loss incurred, alleged or otherwise, in connection to the use or reliance of any content you read on the site.
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