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To celebrate Bitcoin Pizza Day on Saturday, a group of “incredible strangers on the internet” was sharing slice of pizza to people worldwide for a million free slices. This project, PizzaDAO’s Rare Pizzas, is giving this pie bounty by simply just selling thousands of non-fungible tokens (NFTs) in the metaverse. Thousands of pizza NFTs from over 300 artists have sold for unlikely $1.5 million since March 2021.

Sam Weinrott, aka Snackman, a employee of the Rare Pizzas team, mentioned the project has a store in Cryptovoxels selling “virtual pizzas” to gather money and support local pizzerias around the world that had been closed or out of work by the COVID-19 pandemic.

“We believe that there’s not a pizza scarcity problem, there’s a pizza distribution problem,” Weinrott said. “Anyone who just wants to celebrate pizza and cryptocurrency can join us. We’re inviting the world to join us at our pizza party.”

The whole crypto society is celebrating the 10th anniversary of Bitcoin Pizza Day. Ten years ago, Laszlo Hanyecz, a programmer from Florida who also donated to Bitcoin’s source code in the past, made the first documented buy a physical thing with Bitcoin, it was pizza for 10,000 Bitcoin as its price. In these days this much of Bitcoin worth $254 billion. Before your order something with Bitcoin, think how much that can be in a few years later.

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Naabiae Nenu-B is a Medical Health Student and an SEO Specialist dedicated to flushing the web off fake news and scam scandals. He aims at being "Africa's Best Leak and Review Blogger" and that's the unwavering stand of Xycinews Media.

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‘Be Patient- Bitcoin Price To Recover’ Says A Popular Analyst

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The global market capitalization for the past couple of days is experiencing an extreme drain. Most of teh crypto assets are registering a consecutive 5 red daily candles in a row. The huge selling pressure accumulated on the Bitcoin price has compelled it to bottom below $38,000. By trending very close to the support levels around $37,000, the fear of BTC price revisiting levels around $34,000 hovers. 

Despite the bearish sentiments surrounds the assets, yet it is believed that the price will recover very soon. A popular analyst Alan Santana, suggests his followers to patiently wait until the price flips the bears. He also said that some people are already giving up Bitcoin, falling into the trap of ‘Panic Selling’. And also asked his followers not to join them, rather wait until the next pump.

Also Read: Dogecoin Price Feared To Continue With A Bearish Trend, Is $0.2 At Stake?

btcchart

The price seems to be following the path led by the analyst as it bounced significantly on visiting the support zone at $37,978. With a significant bounce, the price could surge close to $40,000 or above. However, yet the chances of forming lower lows still hover the rally. And in such a case, the price could even visit the lower support at $35,700 and rebound. 

However, $35,700 are among the strong support levels and if in case, the Bitcoin price fails to sustain, then a plunge below $34,000 may be imminent. But considering the indicators, the RSI has already bounced back and MACD showcases ease in the selling volume. And hence considering the factors a bounce above $40,000 may be on the way for BTC price.

Also Read: Cardano(ADA) Price Spikes As Bitcoin & Ethereum Yet To Manage The Trembled Situation!

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