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NFT News: Disney launches blockchain –

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entertainment giant Disney As a traditional company in the blockchain world of cryptocurrencies, it has taken another significant step towards digital transformation.

Despite its previous decision to liquidate its Metaverse division as part of a comprehensive restructuring plan, Disney remains an active player in the blockchain industry and is now launching a new large-scale NFT program in collaboration with Dapper Labs.

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Entertainment industry meets blockchain: Disney relies on NFTs and blockchain

Disney recently launched a Non-Fungible Token (NFT) platform in collaboration with blockchain and metadata company Dapper Labs. Known as Disney Pinnacle, the platform will tokenize Disney and Pixar’s iconic cartoon characters, as well as heroes and villains from the Star Wars universe, as collectible and tradable digital pins.

This development marks a significant step in Disney’s digital evolution and demonstrates the company’s determination to prove itself in blockchain technology.

Interestingly, this move follows the disbandment of Disney’s Metaverse division, which was originally created to explore new ways to engage Disney audiences. The decision to disband the ministry comes amid austerity measures that include $5.5 billion in cuts to operating costs and 7,000 job cuts.

Disney Pinnacle runs on the Layer 1 blockchain Flow, also developed by Dapper Labs. This choice is particularly interesting given that Flow has already been used in other major projects such as NBA Top Shot and CryptoKitties. The decision to opt for Flow could have a significant impact on cryptocurrency as the increased usage and visibility of a brand like Disney could increase demand and interest in the Flow blockchain.

The launch of Disney Pinnacle could also have far-reaching implications for the entire crypto market. While Bitcoin as the reference currency of the cryptocurrency market is often used as an indicator of overall market direction, the increasing integration of blockchain technologies by major companies such as Disney could impact the market as a whole and potentially lead to wider adoption and increased interest in cryptocurrencies. .

Disney continues its journey in the world of blockchain, demonstrating that its vision of digital innovation and the development of new technologies remains a high priority, despite challenges and changes within its own company. The launch of Disney Pinnacle could open a new page in the history of digital assets.

And unlock new opportunities for both Disney and the entire crypto market. Disney’s NFT platform will be relaunched on the Flow Blockchain. Therefore, we will take a closer look at the cryptocurrency price.

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Technical chart analysis of Flow Coin price

At the beginning of the year, Flow Coin experienced a sharp decline, which initially negatively affected the forecasts. After the price bounced off the 200-day EMA (Exponential Moving Average), the value of the streaming coin dropped significantly and even reached new lows. The lowest point was recorded at $0.39. Since then, the cryptocurrency has recovered and nearly doubled to its current price of $0.69.

Flow Coin is currently above key technical indicators, specifically EMA 50 and EMA 200. EMA 50 represents the moving average of the last 50 days, and EMA 200 represents the average of the last 200 days. These indicators are very important to analyze the medium and long-term trend.

Cryptocurrency price bullish indicators

The possibility of a Golden Cross is now emerging. This occurs when EMA 50 crosses EMA 200 from bottom to top. Such an event could be a strong bullish signal and support positive predictions for Flow Coin.

An important level for Flow Coin is the $0.62 barrier. It will be crucial to maintain this value and overcome the $0.75 resistance in a sustainable manner.

Mean lines should continue to be crossed. Consolidation may cause market dynamics represented by Bollinger Bands and RSI (Relative Strength Index) to return to normal levels.

We can say that Flow Coin has made a remarkable recovery after a difficult start to the year. It is very important to watch for the potential golden cross and maintain the current support level.

Breaking the $0.75 resistance could pave the way for further price gains. Investors should pay attention to the mentioned indicators and brands to better evaluate the future development of Flow Coin price.

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While Flow has struggled to find a place for itself in the crypto market, we are now seeing investor interest increasingly focused on new projects like Bitcoin Minetrix (BTCMTX).

Bitcoin Minetrix (BTCMTX): An emerging staking project that is growing in popularity

Bitcoin Minetrix (BTCMTX) is enjoying increasing popularity and attracting investors and social media users alike. The young project is about to reach an important financial milestone.

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Although Bitcoin Minetrix is ​​still in the pre-sale phase, the project has already raised almost $4 million in investment. This success demonstrates the strong interest and confidence of investors in the project.

What is Bitcoin Minetrix?

Bitcoin Minetrix provides a cloud mining service for Bitcoin mining. It uses blockchain technology and allows those interested to participate in Bitcoin mining without having to invest in expensive hardware. This approach is especially attractive to crypto beginners because it does not require extensive expertise.

$BTCMTX token is an ERC-20 token based on the Ethereum blockchain. This allows developers to use Ethereum technologies such as smart contracts. These smart contracts are used to automatically distribute staking rewards and BTC mining rewards to users. This system offers greater security and transparency.

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The Bitcoin Minetrix concept was also welcomed by crypto experts. For example, well-known presale expert Jacob Crypto Bury highlighted the potential of the $BTCMTX token in a YouTube video.

Those looking to invest in Bitcoin Minetrix should do so early. With each milestone reached during the pre-sale phase, the price of the token automatically increases. Investors can now benefit from the first profits and become part of the Bitcoin mining project.

Bitcoin Minetrix represents an exciting opportunity for investors interested in innovative crypto projects. With its user-friendly platform and promising concept, Bitcoin Minetrix has the potential to prove itself as a major player in the field of Bitcoin mining.

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Last update date: November 15, 2023

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