Harmony Launches Bored Ape Yacht Club Passport

Harmony, the blockchain platform based on the Ethereum chain, announced the launch of its Bored Ape Yacht Club Passport and support for cross-chain activities, including interoperability between Harmony, Ethereum, BNB chain, and three other blockchains.

Harmony said that the launch of the passport this time is proof that the holders “have ownership of assets across multiple blockchains, and will not transfer property for this purpose, ensuring authenticity”.

The passport enables users to import proof of ownership of Bored Ape Yacht Club’s NFTs into a game called DeFi Kingdoms on the Harmony blockchain.

The game currently has 120,000 monthly active users. When Ape owners connect their MetaMask wallet to DeFi Kingdoms, the passport can verify and display their assets in-game on multiple blockchains.

Team member Leo Chen from Harmony explained that:

“We wanted to give all NFT holders more utility and options to display their NFTs and participate in the Metaverse. Bored Ape Yacht Club holders are the first choices. The cross-chain identity creates a secure and easy way to do so without putting their assets at risk.”

Following in the footsteps of Twitter, Reddit is eyeing to permit users to have NFT-based profile pictures through a feature that is being tested on January 27. On January 20, Twitter announced that it was presenting an official verification mechanism for NFT avatars, allowing some users to set the NFTs they own as their profile picture.

Image source: Shutterstock


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Analyst Michaël van de Poppe Predicts What’s Next for Ethereum Rival Avalanche (AVAX) and Four Other Altcoins

Closely followed crypto strategist and trader Michaël van de Poppe is looking at what’s ahead for Ethereum (ETH) competitor Avalanche (AVAX) and four additional altcoins.

Van de Poppe tells his 567,500 Twitter followers that he’s looking at a key resistance area for Avalanche that could trigger a rally for the smart contract platform if surpassed.

“This one needs to break through the resistance at $80. If that breaks, a new run seems likely. Until then -> time to accumulate.”

Source: Van de Poppe/Twitter

Next up is Harmony (ONE), a blockchain focused on powering a decentralized economy. Looking at Harmony against Bitcoin (ONE/BTC), Van de Poppe predicts the pair is poised for a bounce after hitting support at 0.00000469 BTC or $0.18.

“This one should be having some sort of bounce from this area. My personal point of interest lies around the 350 sats [0.0000035 BTC or $0.13] region.”

Source: Van de Poppe/Twitter

Another coin on the trader’s list is payments infrastructure platform COTI (COTI). Van de Poppe says he expects COTI to print a bullish higher low setup against Bitcoin (COTI/BTC) before launching a 35% rally to his target at 0.00001 BTC ($0.38).

“This one is currently acting into resistance. Flipping that = probable trade to make. Otherwise, looking at a test around 740 sats [0.000074 BTC or $0.28] for a potential long entry.”

Source: Van de Poppe/Twitter

Van de Poppe is also keeping a close watch on the native asset of Hathor (HTR), a scalable cryptocurrency alternative that combines direct acrylic graph technology with decentralized blockchain technology. According to Van de Poppe, HTR is primed to hit a key support area against Bitcoin (HTR/BTC) at 0.0000148 BTC or $0.57.

“The range to buy HTR is coming up.”

Source: Van de Poppe/Twitter

The last coin on the trader’s radar is peer-to-peer payments network Litecoin (LTC). Van de Poppe says that while Litecoin is still in a downtrend against Bitcoin (LTC/BTC), he’s looking at a potential scenario where the pair could rally by 17%.

“Looking for a flip of the 3050-3100 sats [0.00305 BTC-0.0031 BTC or $117.01-$118.93] level for a potential long trigger. Until then -> no interest.”

Source: Van de Poppe/Twitter

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/is.a.bella/Vladimir Sazonov


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Top 5 cryptocurrencies to watch this week: BTC, LINK, HNT, FLOW, ONE

Bitcoin’s (BTC) relief rally rose above $38,500 on Jan. 29, but the bulls are struggling to sustain the higher levels. For the past few days, Bitcoin’s sentiment has closely followed the U.S. equity markets. Hence, analysts warned traders to be careful and not to read much into any possible weekend rallies when traditional markets are closed because it could be a trap.

However, analysts at trading suite Decentrader said in a recent report that a “near-term relief bounce” is possible. The report also highlighted that “meaningful buyers” were stepping in and that could result in “a potential change in the higher time frame trend from bearish to bullish.”

Crypto market data daily view. Source: Coin360

The recent downturn in Bitcoin seems to have turned the JPMorgan analysts bearish as they believe the increased volatility could “hinder further institutional adoption.” In a note, the strategists have reduced their long-term theoretical Bitcoin price target from $150,000 to $38,000.

If Bitcoin extends its recovery, select altcoins could attract buying from the aggressive bulls. Let’s study the charts of the top-5 cryptocurrencies that could extend the recovery in the short term.