We talked a couple of weeks ago about Shiba Inu, and I wanted to update you that it\u2019s continued to grow. It seems to be unaffected by dips in other markets and has been breaking out on its own. <\/p>\n\n\n\n
It\u2019s still a low-value coin, that its supporters claim with reach one dollar and surpass Doge. We\u2019ll see if that ever happens – but at the moment it\u2019s going through a massive bull run with no real signs of slowing yet. <\/p>\n\n\n\n
There\u2019s also a petition that\u2019s growing in popularity for Robinhood to list it on its market. That would be a large milestone for the meme coin, which was a big step for Dogecoin\u2019s large bull run earlier this year.<\/p>\n\n\n\n
Meme coins in general seem to be doing really well in the market. In fact, other coins jumped a huge amount in the last 24 hours. Shibx is up about 206%. Kaiken Shiba is up 154%, miniSHIB has gained 140% and FlokiGravity has seen a huge jump in the price of about 298,000% in the last 24 hours. <\/p>\n\n\n\n
Of course, if you are thinking about investing in any of these coins – do your homework.<\/p>\n\n\n\n
On the other end of the spectrum, after an all-time high a week ago of nearly $67,000, Bitcoin has seen a drop a steady decline. And is currently trading at around $59,000.\u00a0<\/p>\n\n\n\n
This isn\u2019t something to be worried about though. A lot of people sell off after all-time highs are hit, causing a drop before another surge. So as long as people keep holding – we should see it going back up. <\/p>\n\n\n\n
Over the last week, Ethereum has also been seeing resistance after hitting its all-time high. It\u2019s seeing resistance on the low end of about $4,000, with resistance on the higher end of about $4,300. <\/p>\n\n\n\n
I expect it\u2019ll break through the resistance soon. Especially because the upgrades happening to Ethereum are going to cause burns that will decrease the supply.<\/p>\n\n\n\n
An interesting study was reported in the Atlanta Black Star I wanted to share with you. <\/p>\n\n\n\n
In a typical investment market, like stocks or Forex, the industry is dominated by white people. <\/p>\n\n\n\n
However, in crypto, we are seeing much more adoption amongst the black community than we are with whites and Hispanics. <\/p>\n\n\n\n
A Harris poll showed that 23 percent of African-Americans own cryptocurrency, while 17 percent of Hispanics do and only 11 percent of white Americans.<\/p>\n\n\n\n
As crypto is becoming a larger and larger market – rivaling some of the biggest fiat currencies in the world – we might see an economic shift. <\/p>\n\n\n\n
In 2021 the University of Chicago did a survey of 1,004 young adults 18-29 and found that 34 percent of traders who bought crypto over the past 12 months were people of color.<\/p>\n\n\n\n
According to \u200b\u200bRamona Ortega, the founder of My Money, My Future, many African-Americans are using bitcoin after being left out of traditional banking and wealth building. <\/p>\n\n\n\n
It\u2019s an interesting trend that I hope creates more opportunities for people and could be a way to bridge the economic divide we see amongst minorities in this country. <\/p>\n\n\n\n
It\u2019s time to turn out focus over to the world of NFTs. <\/p>\n\n\n\n
Just in time for Halloween, the Texas Chainsaw Massacre Franchise is launching a collection of NFTs called \u201cLeatherfaces\u201d. <\/p>\n\n\n\n
The project illustrations are designed by Skinner in partnership with Ultra Rare to reveal a total of 10,666 Leatherface avatars.<\/p>\n\n\n\n
Kim Henkel, creator of Texas Chainsaw Massacre said, \u201cWith our first NFT drop we continue to expand upon a tradition of rewarding the Chainsaw community \u2013 a community that\u2019s driven by its intensely loyal fanbase \u2013 with new drops, merchandise, events, and access to the original film\u2019s IP.\u201d<\/p>\n\n\n\n
The collection is expected to release on Halloween and you can find more details by going to Leatherfaces.io<\/p>\n\n\n\n
We previously talked about media outlets selling NFTs to help raise funds, and The Economist has joined in the party. <\/p>\n\n\n\n
They raised $419,000 worth of Ethereum selling the magazine cover titled \u201cDown the rabbit hole: The promise and perils of decentralized finance\u201d<\/p>\n\n\n\n
The magazine cover image is an adaptation of illustrator Sir John Tenniel\u2019s original Alice in Wonderland drawing, revised by digital artist Justin Metz. <\/p>\n\n\n\n
If you are interested in signing up for our upcoming newsletter, please go to CryptoDailyShow.com. There you can also find links to where you can follow me on social media.<\/p>\n\n\n\n
Please follow our show wherever you listen to podcasts – and please leave a review on Apple Podcasts. If you get your podcasts on Youtube, be sure to subscribe and leave a comment there.
<\/p>\n\n\n\n
Resources:<\/p>\n\n\n\n
Shiba inu coin price hits a new record as Robinhood petition gains popularity<\/a><\/p>\n\n\n\n These Dogecoin and Shiba Inu Knock-Offs Are Striking Major Gains Today, With One Newly-Listed ‘Floki’ Coin up 298000%<\/a><\/p>\n\n\n\n Ethereum Supply on Pace to Shrink After ETH 2.0 Upgrade<\/a><\/p>\n\n\n\n