Here’s The Most Underrated New NFT Gem, According to Crypto Trader Ben Armstrong

Crypto influencer Ben Armstrong is naming what he says is the most underrated non-fungible token (NFT) asset in the space.

In a new video, Armstrong shines a spotlight on Ecomi (OMI), a project that he believes will grow immensely as demand surges for NFTs – the unique assets that use crypto technology to essentially provide certificates of ownership in digital and real-world items such as art, virtual land, tickets or even tweets.


OMI is the native token for NFT collectibles platform VeVe, which has locked in impressive partnerships with some big-name brands, including Warner Bros., Capcom, and DC. Armstrong notes that Ecomi’s global head of licensing Alfred R. Kahn is a titan of the licensing Industry, able to gain the rights to coveted digital merchandise.

“Kahn’s properties are responsible for more than $25 billion in retail revenue. Kahn was the founder chairman and CEO of 4Kids Entertainment from 1991 until 2011. He is recognized as an industry leader and licensing behemoth. His company 4kids entertainment was responsible for some of the biggest names including Pokemon, YuGiOh, Teenage Mutant Ninja Turtles, Cabbage Patch Kids, and of course ol’ Polly Pockets.” 

Kahn also helped with branding and licensing of Nintendo, Mario Bros, Zelda, Donkey Kong, James Bond, and World Wrestling Federation.

Armstrong says that while Ecomi hasn’t announced a formal partnership with those brands as of yet, with Kahn in charge of licensing, it’s likely not that far away.

“So if only some of these brands join in the NFT craze, Ecomi and the VeVe app will be successful. Ecomi looks to have the premier brands NFT space cornered similar to how Enjin (ENJ) has the gaming scene…

NFTs are the next big trend and will take the world by storm reshaping the collectibles industry, and with all these connections and partners, Ecomi will be at the head of it. Don’t take my word for it, Alfred Kahn has this to say: ‘The magnitude of blockchain technology will disrupt the collectibles industry by giving licensed brands another platform to sell on and protect their digital IP. Ecomi will set the standard in this space.”

OMI is currently trading around $0.008 and holds a $1.4 billion market cap. The asset is up roughly 30,000% on the year, according to CoinGecko.

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Crypto Livewire – Press Releases


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Supply crunch incoming? Bitcoin miners stop selling

Bitcoin continues to consolidate in the high $50,000 area, meanwhile, its fundamentals are strengthening and seem to point towards a price breakout.

Analyst Ali Martinez has shared data from Glassnode to predict the timing for a new BTC price rally. According to the analyst, when the cryptocurrency surpasses the 1 million threshold in the metric Entity-Adjusted Dormancy Flow, historically BTC “goes parabolic.”

Despite Bitcoin’s nearly 1,500% increase in a year, it is still below this threshold. The analyst stated:

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Despite the 1,465% surge that $BTC experienced since the March 2020 crash, the Bitcoin Entity-Adjusted Dormancy Flow has yet to move past the 1M threshold. When and if it does, #BTC could enter a new parabolic phase posting more gains than what we have already seen.

Conversely, Martinez stated that when the Entity Adjusted Dormancy is rejected before surpassing the one million threshold, Bitcoin’s price experiences a pullback. In 2021, this has happened at least twice back in January and late February. As seen below, the cryptocurrency is close to this zone.

Bitcoin BTC

Bitcoin in an accumulation phase

Perhaps one of the most bullish fundamentals is Bitcoin miners’ behavior. Over the past few months, this sector had been selling much of its supply in BTC, increasing the selling pressure in the market.

However, analyst Lex Moskovski has shown that miners have changed their position and started buying BTC to increase their reserves. Since late March and early April, miners have bought around 10,000 BTC. Moskovski stated:

Miner optimism doesn’t necessarily predict the price but it definitely takes out of the equation a major selling factor.

Bitcoin BTC

The above is in tandem with a reduction in Bitcoin supply held on exchanges. Research firm Glassnode records a two-year low in the cryptocurrency’s supply found on exchanges down to 2,399,090 BTC.

Analyst William Clemente has taken this data to predict a BTC supply crunch which will contribute to the appreciation in the price of the cryptocurrency in Q3 and Q4 of the current year. In the short term, the increase in funding rate could give BTC the boost it needs to reach a new ATH, according to Jarvis Labs partner Ben Lilly:

Jet fuel to the upside. Funding rates reset from the drop. Now the liquidity is higher, time to punch it.

BTC is trading at $58,150 with a sideways movement (-0,9%) during the last day. On the weekly chart, BTC has 4.2% gains and 19.3% in the monthly chart.



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Top 5 cryptocurrencies to watch this week: BTC, ETH, BNB, DOT, EOS

Historical trends act as a gauge for traders to assess the possibilities for the future. April has been a bullish month for Bitcoin (BTC) with eight monthly closes in the green and only two instances of negative returns. 

Danny Scott, the CEO of the Bitcoin exchange CoinCorner, said that Bitcoin could rally to $83,000 if it emulates its average April return of 51% as it had over the past 10 years.

This could be one of the reasons why miners have started holding their positions instead of selling at the current levels. Lex Moskoviski, the CIO at Moskoviski Capital, recently highlighted that miners had hoarded 4,380 Bitcoin on April 2 and 4,494 Bitcoin on April 3.

Crypto market data daily view. Source: Coin360

While Bitcoin remains the undisputed leader, a positive is that some mainstream companies have started to explore opportunities in different sectors of the crypto sector.

Shopify CEO Tobi Lutke indicated that his company was exploring ways to integrate with decentralized finance. On April 3, Lutke tweeted a question to the DeFi community asking for ideas on what role the company could play in the space. If something concrete comes of this it could give a big boost to the entire crypto ecosystem.

Let’s study the charts of top-5 cryptocurrencies that may outperform the other major cryptocurrencies in the short term.