The price of LUNA has a bullish trend, which suggests that the price can soon break through the top of the ascending channel. The daily candlestick chart shows that it could exceed the immediate resistance close to USD 43.56.

Amid a generalized rally in the cryptocurrency market, the LUNA token recently resumed its short-term upward trend. The following analysis will help better understand this crypto asset and predict what could happen in the remainder of 2021.

LUNA is currently trading at USD 55.67 and has accumulated a 15.4% profit in the last 24 hours. Its trading volume is above USD 1.7 billion, and its market capitalization is about USD 21.7 billion. This crypto asset occupies the 13^th position in the ranking, according to CoinGecko.

Terra is a blockchain protocol that provides stablecoins linked to fiat currencies to supply the global payment system. That platform can combine the resistance to censorship that Bitcoin offers, together with fast and affordable deals.

The LUNA token allows stabilizing the stablecoins of the protocol, and the holders of the token can vote and submit proposals for governance on the network.

As a consequence of its market capitalization, the platform has grown significantly in the user base. In 2021, the Terra token has increased by more than 4,200%, leading to an upward trend still standing.

Technical Analysis of the Price of LUNA

The weekly LUNA/USDT chart reveals that the price has remained locked in a narrow and little volatile ascending channel.

The trend is bullish, suggesting that the price can soon break through the top of that channel, thus accumulating profits faster.

There was a pullback in the price towards the 50% Fibonacci at the end of August. That could mean it has reached the bottom of the correction, and momentum in the search for USD 70.89 (61.8% Fibo) has started.

If it loses the support at USD 43.51, which is unlikely, the Terra token could be in trouble as the year ends. The crypto asset will probably attempt to look for a significant support zone around USD 25.

Daily Candlestick Chart of the Price of LUNA

The daily candlestick chart shows an excellent signal due to the recent accumulated profits. The price of LUNA could break through the immediate resistance close to USD 43.56.

The value of the Terra token has just resumed its short-term upward trend and may give optimistic news as the year ends.

There is a minor pullback in progress, which could give way to new bullish momentum in the short term. The closest target for the price of LUNA is USD 54.95.

At the time of writing this article, the price of this token reached a new all-time of USD 55.95. It has grown by 35.3% in the past week, proving the growing interest from investors.

LUNA is a few steps below Shiba Inu (SHIB) and Dogecoin (DOGE), remaining among the leading crypto assets. It is a matter of time before seeing them hit new all-time highs due to their increasing popularity.

By Alexander Salazar

Many experts believe the value of Bitcoin will reach USD 100,000, proving its ability to recover from its worst drops. Twitter commentator Alex highlighted that the figure around USD 120,000 has little value in the long term, but Bitcoin is likely to continue rising.

The value Bitcoin (BTC) remains far from the all-time high it reached in mid-April. Among the many predictions about its price, some analysts believe it will be above USD 100,000.

Defining the price of Bitcoin is complex since the market is the one that determines it.

Of course, predictions are not 100% successful/accurate, but they allow understanding projects better before deciding to invest in them.

Regarding Bitcoin, the forecasts are optimistic as several analysts think it will reach USD 100,000.

Predictions About the Price of Bitcoin by Late 2021

There is an increasing number of Bitcoin detractors due to the news about it this year. Although many expect its price to plummet, many experts believe that an increase is more probable.

Many analysts think that the value of Bitcoin will reach USD 100,000 at the end of the year. That would not be the first time it recovers from a drop to exhibit record numbers.

Renowned analysts like Ariel Santos-Alborna, Meltem Demirors and Mike McGlone agree with that prediction. In other words, Bitcoin has high possibilities for expansion, so its price can rise significantly.

Similarly, a group of bullish investors, like Fidelity, even dare to predict it will reach USD 1 million.

PlanB thinks Bitcoin (BTC) could be worth USD 450,000 by the end of the year. He said that, in the worst case, it could reach USD 135,000 in December.

Predictions About the Value of Bitcoin in December

Even though Bitcoin has had ups and downs in its price this year, it is still the most popular cryptocurrency in the market.

The director of the Bitcoin Colombia Foundation, Carlos Mesa, said several predictive models indicate a price between USD 180,000 and USD 350,000. There could even be a more moderate range between USD 80,000 and USD 120,000 (Diminishing Returns).

In that regard, Twitter commentator Alex highlighted that the exact figure has little value in the long term. However, the analyst suggested that the price of Bitcoin is likely to continue rising a lot.

Analyst Tom Fitzpatrick stated that the value of Bitcoin could reach USD 318,000 in December, although he admitted that figure might seem unlikely.

What Will Happen When There Is No More Bitcoin to Mine

The predetermined total supply of coins is one of the primary characteristics of Bitcoin. Satoshi Nakamoto created its code to contemplate only 21 million tokens, divisible at 100 million Satoshis.

However, nobody knows what will happen when miners extract the last Bitcoin token. However, that will happen more than 100 years in the future, by 2140.

When all Bitcoin units are in circulation, people will only receive rewards for their transactions on the network. In that case, Nakamoto contemplated that the incentive would change into transaction rates free from inflation.

Bitcoin is just a few years old and has a long life ahead. Therefore, many things can happen before the mining of the last token.

As there are currently 18,886,118 BTC in existence, there are more than 2.1 million BTC to mine.

By Alexander Salazar

SHIB has secured a place among the most outstanding securities despite the significant setbacks in its price. As interest in that market has grown, the cryptomeme has scored a record by reaching one million holders.

The position of Shiba Inu (SHIB) in the market has given much to talk about in the last weeks. The cryptomeme has remained popular in social media as it has been the second crypto with the most mentions in November.

Its fame could continue afloat even when the market positions did not favor it in the last month. Only the popularity of the pioneering cryptocurrency, Bitcoin, is above that of Shiba Inu.

The Interactions of Users in the SHIB Community

Throughout the days, the cryptocurrency secured a place among the most outstanding securities in the crypto world. Although the price of SHIB has had significant setbacks, a portion of the market continues monitoring its performance very closely.

Recent data indicate that Shiba Inu maintained a remarkable popularity margin on Twitter, reflecting the attention it still receives. There has been a high number of interactions around the mentions of the cryptocurrency in social media.

In that regard, users mentioned SHIB more than 4 million times in the abovementioned social network. It also surpassed Ethereum (ETH) in terms of the number of followers.

The interactions in the community allowed it to achieve that privileged position among the popularity of the crypto field. Although it has not surpassed Bitcoin in terms of the mentions, it succeeded in exceeding Dogecoin (DOGE) and Cardano (ADA).

The Ups and Downs of Shiba Inu in November

The cryptomeme underwent a path of ups and downs that did not favor it. Even though it did not lose its fame, that situation impacted the performance of its price.

November was a weak month as SHIB fell back from the all-time high of USD 0.000088 that it reached on October 28^th.

Shiba Inu remained popular by being the center of attention for its expansion plans. The community kept mentioning SHIB for its implementation as a payment method at technology retailer Newegg.

Likewise, it gave much to talk about when users were confident about adding capital to the market. This month, cryptomeme SHIB scored a record by reaching for the first time one million holders.

The price of Shiba Inu (SHIB) continues falling, but large whales, brands and corporations continue buying the cryptocurrency.

Short-Term Traders Invest USD 36 Million in SHIB

In the last week, short-term traders abandoned their positions and most of the markets. As a consequence, small altcoins like Shiba Inu and Dogecoin suffered a higher loss than Bitcoin.

Inversiones en el Mundo CEO Sergio Turi recently said that Shiba Inu experienced a minor setback. That is justifiable due to the steady bullish trend that it had previously shown.

SHIB is trading at around USD 0.00005220 and has accumulated a 34.1% profit in the last 24 hours. Its trading volume is above USD 8.01 billion, and its market capitalization is about USD 28.4 billion. The cryptomeme occupies 11th place in the cryptocurrency ranking, according to CoinGecko.

By Alexander Salazar

Varsavsky tweeted that neither Bitcoin nor Ethereum will change the world and only make many people rich. The former vice president of the Central Bank, Lucas Llach, supported him in opposition to the comments from other businesspeople.

Many opinions about Bitcoin recently appeared on Twitter after Argentine technology entrepreneur Martín Varsavsky, who resides in Spain, criticized the cryptocurrency. Other businesspeople, as well as politicians and enthusiasts of the ecosystem, reacted to his post.

Martín Varsavsky wrote that many people have become rich with cryptocurrencies, but he believes they will not change the world. He said that the impact of the iPhone phone, launched 13 years ago together with Bitcoin, is much higher.

A cryptocurrency enthusiast told the Argentine businessman that he disagreed with his comment. He explained that a deep analysis of Bitcoin would allow seeing it introduce decentralization, which will return monetary sovereignty to citizens.

In that sense, another user expressed that he thought cryptocurrencies would soon establish money that no government can manipulate. Similarly, another person asked Martín what measure he was using to determine whether something would change the world or not.

Enthusiasts Argue Money Decentralization Will Change the World

Another enthusiast replied that money beyond the reach of governments would change the world, to which Martín Varsavsky replied affirmatively. However, he clarified he does not believe in Bitcoin or Ethereum, which he considers less relevant than other technologies.

Martín Varsavsky has founded and directed seven technology and telecommunications companies from Spain. They include FON, a global WiFi network, and Jazztel, a mobile phone, Internet, and television server.

On Twitter, he provided details on the technologies that he considers will change the world. For example, he mentioned renewable energy, mRNA vaccines and therapies, machine learning, autonomous driving, space exploration, genetic sequencing, and quantum computing.

Another tweeter replied that he had just returned from El Salvador, where many people made almost all transactions in Bitcoin. He said he saw the future there and recommends visiting it, as accessing a global financial system is the most crucial thing.

The Vice President of the Central Bank of Argentina Responds

Lucas Llach is a member of the Unión Cívica Radical and former vice president of the Central Bank of Argentina from 2015 to 2018. He supported the businessman on Twitter, saying that some consider all money schemes and contracts out of the reach of the State revolutionary. He believes that this would make it lose its control capacity, with which he disagrees.

The current tax currently imposed by President Alberto Fernández on cryptocurrencies is an example of that. However, the director of the Argentine Chamber of FinTech stated that Argentines would find a way to avoid paying it.

Many countries want to regulate the use and trade of Bitcoin, but that is hard since it is not a system issued by governments. That protocol works in a decentralized way through people and companies from all over the world.

By Alexander Salazar

JRR Token’s official website and social media channels got deleted following the complaint, but an NFT collection inspired by the fantasy novel is still available on OpenSea.

A cryptocurrency project inspired by the work of fantasy literature written by J.R.R. Tolkien, The Lord of the Rings, suddenly closed this week after the author heirs took legal action against it.

The Tolkien Estate, a legal organization that manages the heritage of the legendary writer, including the copyrights and copyright of his works, filed a complaint about the crypto project with the World Intellectual Property Organization forum worldwide intellectual property policy.

The Tolkien Estate is currently alleging infringement of trademark rights

The legal organization that defends Tolkien and his work get led by a group of lawyers together with the will of Christopher Tolkien, the author’s son, who died in 2020.  Deceased in 1973, J.R.R. Tolkien is a legendary writer recognized worldwide for his contribution to fantasy literature through titles such as The Lord of the Rings, The Hobbit, and The Silmarillion.

The Unofficial Fantastic Cryptocurrency

Released in August of this year, JRR Token was a cryptocurrency project with a theme with many references to the writer’s work. From its name to the image of an elven garden, everything about the initiative seemed inspired by Tolkien. The cryptocurrency’s motto said it was “the only token that governs them all.”

JRR Token (JRR) is a digital currency based on the Binance Smart Chain (BSC) blockchain that brought generous rewards to its holders. It could get traded on the PancakeSwap exchange.

The project even had a promotional video starring Billy Boyd, the actor who played Peregrin Tuk, better known as Pippin, in the “Lord of the Rings” trilogy. In the video, Boyd made several clever word games related to the hobbit and suggested that the token was going to the moon.

JRR Token’s official Twitter account, which got deleted, had shared the video in August alongside the following message. The Boingboing news outlet quoted at the time.

In general, like many other similar cryptocurrency projects, JRR Token promised many financial features that may sound promising, especially to those less experienced in the market; and he had a white paper or technical document, somewhat confusing and raised some doubts.

Tolkien’s Heirs Stopped the Project

After a few months of life, the project reached its end after advocates declared that the token infringed on copyright. This week, the legal organization Tolkien Estate argued before WIPO that the product disrupted its trademark rights in the name of J.R.R. Tolkien.

The domain name got designed to mislead Internet users into believing that this and the website it refers to have some legal business relationships with the writer.

Attorneys for Matthew Jensen, the creator, responded to allegations that the project intended to refer to a unique digital currency rather than the deceased author’s work. They also noted that the domain name brought to mind J.R.R. Tolkien more as a parody than an act of bad faith.

By: Jenson Nuñez

Salinas Pliego criticized the number of dollars that the United States is printing, so he continues to rely on Bitcoin as a refuge.

The Mexican billionaire Ricardo Salinas Pliego, owner of Banco Azteca and TV Azteca, among other companies, and the third richest man in Mexico, advised this week to acquire Bitcoin after he said that the United States of America increasingly resembles a country of the Third World.

According to the Forbes Billionaires List, Salinas’ net worth is currently $ 14.2 billion. So he is a man who knows about money.

It is worth noting that when he advised on Wednesday of this week, Bitcoin (BTC) had prices around USD 57,000 (by the way, much lower than its maximum price of USD 68,744, on November 10). Today, when it is 8:30 am in New York, the price is USD 54,067, 8% less than yesterday at the same time.

Now it is much lower for two fundamental causes: the announcements of a fierce new variant of Covid-19 and the arrival of Black Friday that has consumers like crazy buying things.

The call of Salinas

On Twitter, a medium through which he loves to express himself, the billionaire called on investors to “buy bitcoins right now.” He explained that the United States looks more like any other irresponsible third world country.

Salinas made a tweet of a weekly chart of the Federal Reserve’s total asset value, which got updated on November 18. It shows assets of more than $ 8.67 trillion.

Salinas Pliego is a Huge Bitcoin Fan

The Mexican billionaire has been a fan of Bitcoin for some time. He has said that 10% of its liquid portfolio was in Bitcoin. In February 2021, he added the hashtag #bitcoin to his Twitter bio, where he still appears with laser eyes, indicating his bullish projection.

Also, in June, he announced plans for his bank, Banco Azteca, to accept bitcoins. He tweeted recommendations about the use of bitcoins and stated that he is currently working to transform Banco Azteca into the first bank in Mexico to accept bitcoins. However, the Mexican government came up to the chairman and informed him that the banks did not have permission to accept digital currencies.

Salinas Pliego said that Bitcoin is the new gold and highlighted it is a much more portable asset. He also highlighted that transporting bitcoins is much easier than having gold bars in your pockets. He firmly believes that Bitcoin has a great future and will even change the world economy and financial infrastructures. After the tweet of November 24, he has not spoken about Bitcoin again, although he has written on other topics.

By: Jenson Nuñez