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Mutant Ape Yacht Club Collection ($MAYC) Unique Market Forecast: Up 5.3% Today

Morpher AI identified a bullish signal. The unique market price may continue to rise based on the momentum of the good news.

What is Mutant Ape Yacht Club Collection?

MAYC is a cryptocurrency that experienced a strong bullish movement today.

Why is Mutant Ape Yacht Club Collection going up?

MAYC unique market is up 5.3% on Aug 7, 2023 15:30

  • Investors have stopped shorting Bitcoin, indicating a positive sentiment in the overall cryptocurrency market.
  • PayPal's launch of a dollar-pegged stablecoin may have contributed to the bullish movement, as it brings more mainstream adoption and stability to the crypto market.
  • The NFT trader's clever plot to deceive a copycat bot and profit from inflated prices may have generated excitement and interest in the NFT market, indirectly impacting the overall crypto market.
  • The increase in long-term Bitcoin holders and the surge in stablecoin deposits on Maker also suggest growing confidence and participation in the crypto space, contributing to the bullish movement.

MAYC News

Investors Have Stopped Shorting Bitcoin for First Time in 3 Months, Says CoinShares

Crypto funds are still taking profits, with the latest CoinShares report revealing the biggest weekly sell-off since March this year.

https://decrypt.co/151595/investors-have-stopped-shorting-bitcoin-for-first-time-in-3-months-says-coinshares

0 News Article Image Investors Have Stopped Shorting Bitcoin for First Time in 3 Months, Says CoinShares

Payments Giant PayPal Launches Dollar-Pegged Stablecoin

PayPal announced today the launch of a native dollar-pegged stablecoin backed by cash equivalents and short-term treasuries.

https://decrypt.co/151586/payments-giant-paypal-launches-dollar-pegged-stablecoin

1 News Article Image Payments Giant PayPal Launches Dollar-Pegged Stablecoin

NFT Trader Tricks Copycat Bot Into Buying $1.5M of Azuki NFTs

In a realm where technology and legal practices intertwine, a puzzling series of events on the Blur NFT marketplace is raising lawful concerns among the cryptocurrency and NFT community. Hanwe Chang — a reputable trader on the platform — skillfully misled a competitor’s bot into acquiring Azuki NFTs at inflated prices. Chang announced on Twitter that he has been observing a bot mirroring his Blur bids, which spurred him to do all he could to deceive it. His clever plot made him profit a substantial $1.5 million (800 ETH). Noticed that someone's bot was copying my bids on Blur, so I decided to trick him… Made 800 ETH profit thanksss pic.twitter.com/KlaXKUFUBK — Hanwe (@HanweChang) August 5, 2023

https://nftplazas.com/bot-azuki-nfts/

2 News Article Image NFT Trader Tricks Copycat Bot Into Buying $1.5M of Azuki NFTs

Long-Term Bitcoin Holder Metric Hits New All-Time High

On-chain data shows Bitcoin long-term holders now hold 14.599 million BTC, the highest value the metric has ever seen.

https://decrypt.co/151561/long-term-bitcoin-holder-metric-hits-new-all-time-high

3 News Article Image Long-Term Bitcoin Holder Metric Hits New All-Time High

Stablecoin Deposits on Maker Soar as DAI Interest Rates Hit 8%

The amount of DAI minted and deposited back into the Maker protocol has surged dramatically since the latest upgrade.

https://decrypt.co/151557/stablecoin-deposits-maker-soar-dai-interest-rates-hit-8

4 News Article Image Stablecoin Deposits on Maker Soar as DAI Interest Rates Hit 8%

Mutant Ape Yacht Club Collection Price History

07.07.2023 - MAYC Unique market was up 5.3%

  • Investors have stopped shorting Bitcoin, indicating a positive sentiment in the overall cryptocurrency market.
  • PayPal's launch of a dollar-pegged stablecoin may have contributed to the bullish movement, as it brings more mainstream adoption and stability to the crypto market.
  • The NFT trader's clever plot to deceive a copycat bot and profit from inflated prices may have generated excitement and interest in the NFT market, indirectly impacting the overall crypto market.
  • The increase in long-term Bitcoin holders and the surge in stablecoin deposits on Maker also suggest growing confidence and participation in the crypto space, contributing to the bullish movement.
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Disclaimer
Morpher is not liable for the content of the AI investment insights. Like most GPT-powered tools, these summaries may contain AI hallucinations and inaccurate information. Morpher is not presenting you with any investment advice. All investments involve risk, and the past performance of a security, industry, sector, market, or financial product does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs. These summaries do not constitute investment advice.

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Date
Aug 7, 2023 15:30
Content
Mutant Ape Yacht Club Collection ($MAYC) Unique Market Forecast: Up 5.3% Today What is Mutant Ape Yacht Club Collection? Why is Mutant Ape Yacht Club Collection going up? MAYC News Trending Today Mutant Ape Yacht Club Collection Price History 07.07.2023 - MAYC Unique market was up 5.3%