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Daily Crypto News Dec 29, 2021: Top 3 crypto updates for today

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As the year 2021 comes to an end, we have been seeing numerous reports on various crypto space-related projects and these numbers are really projecting a hopeful year for the sector. According to the latest reports both Bitcoin and Ether, futures have surpassed $32 trillion in 2021. 

After taking over TikTok and making content creation as a legit business, influencers are called upon by Metafluence to use Metaverse to engage with their audience. Metafluence using blockchain-based technology wishes to bridge the gaps influencers are currently facing. Do you have what it takes to be a metafluencer? 

After Adidas and Nike, Ferrari has added its name to the list of brands opting for NFTs. It has recently signed a multi-year sponsorship contract with Velas, the famous blockchain and NFT network. Velas has become the premium partner for the brand. Read more on this in detail below. 

Quick Crypto News Roundup! 

Daily Crypto News  Dec 29, 2021

Trading volume for Bitcoin as well as Ether crosses $32 trillion in 2021

The Year 2021 was an incredible year for cryptocurrencies. With so many niches such as NFTs, Blockchain gaming, DeFi, and DEXs booming in the year we can definitely call it the year of blockchain and cryptocurrency. As the year is coming to an end, annual reports suggest that the Bitcoin and Ether futures have combined seen a trading volume of more than $7 trillion. 

The highest trading volume was observed in the month of May for both Bitcoin as well as Ether futures recording a combined value of more than $4 trillion. 


Influencers invited to become ‘metapreneurs’ as social media moves towards Web 3.0

Influencers are being encouraged to engage with their audience through metaverse and just not stay behind the Instagram reels. GenZ spends about eight hours or more on their mobile phones engaging with their favorite content creators on Meta, Instagram, TikTok, and Youtube. This is one of the big reasons why influencer marketing has been so impactful. Many creators quickly recognized the impact these sites have to engage with their audience giving them the first-mover advantage because they turned their niche into an active platform for conducting business. 

The latest trend on social media that is shaping how people, as well as brands, shall interact in the future is Metaverse.

Metafluence is trying to bridge the gap between the influencers and metaverse and has proposed a solution to the issues faced by the influencers with the help of blockchain. It wishes to help creators and brands to interact with their audience in the next iteration of the internet. 

Read more in detail about Metafluence and how to become a metafluencer.

Source: Cointelegraph  

Ferrari signs a Multi-Year Deal with NFT Firm Velas Network 

After all the big brand names such as Nike, Adidas, Marvels, and Mariott, Ferrari too has entered the NFT game. It has become the latest brand to partner with Velas Network which is popular for creating digital works and products in the non-fungible token (NFT) and blockchain sector. 

Velas has become a multi-year sponsor for their sports team of the brand, Scuderia Ferrari. It has also gained the title of premium partner. 

Read more on Ferrari entering the NFT sector and what it has in store for car sports lovers. 


Crypto Market Trend December 29, 2021 

Here is a quick summary of the top crypto gainers and losers for the day. 

Top 3 Crypto Gainers 

Cryptocurrency  Price (latest by December 29, 2021)  Change in % 
Alpaca Finance (ALPACA) ₹50.91 13.18%
Fantom (FTM) ₹185.77 6.77%
BitTorrent (BTT) ₹0.2345 7.67%

*Prices are latest by 12 PM December 29,2021.*

Top 3 Crypto Losers

Cryptocurrency  Price (Latest by December 29,  2021)  Change in % 
ICON(ICX) ₹125.46 14.38%
Kusama (KSM) ₹23,751.26 8.94%
Ravencoin (RVN) ₹7.70 8.42%

*Prices are latest by 12 PM December 29,2021.*

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