Ethereum, Solana Start Recovering, BorroeFinance Attracts Investors
As October approaches, the Ethereum community is excited about possible Future $ETH ETF approvals. Elsewhere, Solana aims to become a major player in the stablecoin industry with its latest partnership with QCAD. Yet, BorroeFinance’s ($ROE) recent 50% price jump has increased the focus on its presale. Now, experts are saying $ROE might be one of the top 5 cryptocurrencies of 2023. Can that happen? Let’s see!
Ethereum ($ETH) Whales Gear Up for Possible Futures ETF Approval
Strong rumours exist that the first Ethereum Futures ETFs will likely get approval on October 2, 2023. Although unconfirmed, there has been growing excitement in the Ethereum ($ETH) community as October draws nearer.
Ethereum’s ($ETH) Open Interest on the CME exchange grew to $352 million, reaching its all-time high. Furthermore, Ethereum whales increased their holdings by 1.09 million $ETH from August 19 to September 24.
The excitement around possible approvals of futures Ethereum ETFs could boost $ETH’s ongoing recovery. $ETH was trading at $1,551 on September 11, ten days after the market crashed. By September 23, $ETH had risen by 2.7% to $1,593.
Approving Ethereum ($ETH) Futures ETFs would significantly boost its demand among institutional investors. It would also lead to an uptick in crypto adoption. Analysts had high hopes of $ETH rising by 16.7% to $1,860 if Ethereum Futures ETFs are approved. Things are not looking so great as Ethereum is currently trading at $1,558. Did aynalist get this call wrong?
Solana ($SOL) Working to Become Stablecoin PowerHouse
On September 22, 2023, Solana’s ($SOL) community was jubilant over the addition of QCAD, a Canadian dollar stablecoin. QCAD joins the list of stablecoin services now being offered by Solana. Its integration with Solana ($SOL) will start by being available on decentralized Apps. By 2024, QCAD will be available on Solana Pay.
Solana’s latest stablecoin partnership could pull $SOL out of its bearish slump. $SOL had dropped to $19.33 on September 1 after the market-wide tumble. As the prevalent bearish sentiments remained, $SOL fell by 0.2% to $19.37 on September 24.
QCAD has not been Solana’s ($SOL) only stablecoin partnership in the past few weeks. On September 5, Solana ($SOL) announced it would partner with Visa to enable cross-border stablecoin settlements. Solana’s ($SOL) partnerships would cement its place as one of the top DeFi projects. Since Solana has risen to $23.99 as of 10 October and is up by 9.57% over the last seven days. If things carry on in this trajectory SOL could see $25.00.
BorroeFinance: Upgrading Traditional Finance to Meet the Needs of Web 3 Businesses
The Web 3 industry struggles to access efficient fundraising opportunities from the traditional finance industry. That’s why experts believe the upcoming launch of BorroeFinance would be an upgrade for the Web 3 industry.
BorroeFinance ($ROE) aims to provide financial muscle to Web 3 businesses without the hassles associated with traditional finance. The platform offers timely loans in exchange for selling off future earnings.
For instance, NFT creators can take loans on BorroeFinance by auctioning off their royalties. After selling their future royalties, the NFT creator receives instant funding.
BorroeFinance ($ROE) relies on Artificial Intelligence to measure creditworthiness. This speeds up the loan approval time. Unlike many platforms, BorroeFinance typically approves loan requests within one hour or less of the application time.
Finally, BorroeFinance ($ROE) rewards both sellers and buyers for regular marketplace activities. BorroeFinance is one of the most popular NFT projects in the market despite not being launched yet. $ROE’s current price is $0.0150 as it just entered Stage 2 of its presale.
By Stage 3, $ROE will grow 33.3% to $0.0200. Better yet, forecasts show $0.0400 as the target price by the end of the presale, representing a major 167% surge from the current mark.
Learn more about BorroeFinance ($ROE) here:
Visit BorroeFinance ($ROE) Presale | Join The Telegram Group | Follow BorroeFinance on Twitter
Kangamoon Attracts Meme Enthusiasts
As the market recovers from its recent price slump, several developments have captured the attention of crypto enthusiasts. VeChain’s (VET) price jumped after being listed on Coinbase, while Stellar (XLM) experienced a 7.5% price dip after announcing a rebrand. The play-to-earn meme coin Kangamoon (KANG) is also gaining popularity and offers a thrilling gaming experience and community-building.
Summary:
- Vechain price turned bullish after being listed on the Coinbase exchange.
- Stellar experienced a price decline of 7.5% after unveiling its rebrand
- Kangamoons captures the hearts of meme lovers in the crypto community
Don’t Miss Out On The Kangamoon (KANG) Presale – Reserve Your Spot!
VeChain (VET) Price Surges After Being Listed On Coinbase
VET, the native cryptocurrency of the VeChain network, increased in value significantly, jumping from $0.0146 to a high of $0.0166 following its listing on Coinbase. Another network token, VHO, was listes on the biggest crypto exchange in the United States.
Relative to the price on August 17, the VeChain price has confirmed a double-bottom pattern, which often leads to upward movements. In addition, development activity has surged in the past four weeks, indicating increased cryptocurrency demand.
With both the VeChain coin and VTHO token now trading on Coinbase, market analysts expect greater liquidity on the network starting in September. As a result, they are bullish about the price of VeChain going into the fourth quarter.
Stellar Price Drops in the Face of Unveiling Rebranding
Stellar (XLM) has rebranded to align with mainstream appeal, with actor Idris Elba as its new blockchain ambassador. The Development Foundation of Stellar described the transformation as a significant undertaking.
However, the announcement negatively affected the price of the Stellar coin, XLM, causing a significant 7.5% drop, suggesting investors may not have welcomed the change.
According to the Stellar price prediction algorithm, XLM could continue to decline. The algorithm does, however, foresee a price increase on the long-term Stellar chart. It predicts that XLM will rise above the resistance at $0.17, reaching 76.16% by March 2024.
P2E Gamers and Meme Coin Enthusiasts Flock To Kangamoon
Kangamoon (KANG) is creating an irresistible invite for meme coin enthusiasts and gamers to join its rapidly growing community. Kangamoon is one of the most exciting new projects, combining play-to-earn and meme coins for a unique new concept.
In the Kangamoon virtual game, players will assume the role of a spirited kangaroo with a passion for boxing. As they can build their characters and develop unique abilities, they will challenge a global community of P2E gamers.
Wins in each of these matches and tournaments are rewarded with digital coins and rare collectable items. These items can traded or sold on the Kangamoon marketplace for real cash. Kangamoon is an appealing P2E game because it allows investors to trade without incurring additional costs, which means a 0% buy-and-sell tax rate.
With the potential to change how we perceive meme coins, crypto experts have predicted that Kangamoon will emerge as a dominant player in the P2E space. It’s starting with an enticing starting price of just $0.005 per token, making it accessible to a wide range of investors.
Discover the Exciting Opportunities of the Kangamoon (KANG) Presale Today!
Website: https://Kangamoon.com/
Join Our Telegram Community: https://t.me/Kangamoonofficial
Watchvestor (WVTR) Attracts Investors After Latest Bullishness
The bear market ravaging the crypto space has caught up with two reliable tokens, The Sandbox (SAND) and Decentraland (MANA). While the two tokens slide deeper into the bear market, Watchvestor (WVTR) – a new project, has emerged and is currently attracting The Sandbox and Decentraland investors.
Invest in Rolex, Patek Phillippe, Richard Mille, AP for as little as $10
Investors Excited About The Sandbox (SAND) Future Even After the Latest Slump
The bearish pressure in the crypto market has affected The Sandbox (SAND). Over the last 24 hours, The Sandbox has dropped by 8.41% to its current price of $0.3284. Despite this unfavourable condition of the token, investors are still backing the token for a turnaround.
The current development on the platform, which will allow landowners to customize their experience, is expected to trigger a massive comeback for the token. The Sandbox secured a partnership with the British Museum last month to create digital artifacts. Experts anticipate the partnership to help fire up the positivity around the token. Although these developments may uplift the fortune of SAND, investors are currently turning to Watchvestor as a credible project for investment.
Decentraland (MANA) Still With a Bullish Outlook After Recent Slip
Decentraland (MANA) is a digital platform that allows users to create and monetize their content and applications. The current market trends show bearish trends for Decentraland, with the token dropping by 7.77% in the last 24 hours. This has led to the MANA tokens price falling to $0.3057. However, the trading volume recorded a huge 62% increase to its current $83 million.
The outlook of the trading volume portrays that Decentraland is still popular in the market. That’s why analysts believe the token may likely break the $0.4 threshold before the end of the year.
While the fate of Decentraland is still dragging on, investors are exploring a move to Watchvestor, another project capable of giving 10x return in the future.
Watchvestor (WVTR) Attracts Investors After Latest Bullishness
Unlike The Sandbox and Decentraland, which are falling under bear market pressure, Watchvestor is crushing on, attracting more investors. Watchvestor aims to enter into the $42 billion luxury watch market.
The marketplace will consist of every popular watch from makers such as Rolex, Patek Philippe, Richard Mille, Audemars Piguet, and more. Although purchasing these watches in the physical realm may come with a fortune, investors do not have to spend that much.
With only $10, investors can get the watch that has been fragmented into NFTs. That means for each fractional watch NFT bought, investors must pay only $10 and get a share of the luxury watch piece.
However, investors can purchase the whole NFTs and get them delivered to them if they are located in one of the 150 countries that Watchvestor supports. The utility token of the platform is WVTR and it is currently selling for $0.03. The outlook of this token shows bullish trends all over. Analysts are predicting the token to push up to $0.35 before the end of the year.
Find out more about the Watchvestor (WVTR) Presale Today
Website: https://watchvestor.com/
Telegram Community: https://t.me/WatchvestorOfficial
El-Salvador’s Bitcoin-Bond Market Attracts Wall Street Skeptics Including JPMorgan and Eaton Vance
In 2021, El Salvador made history as the first country to ditch its currency printing machines for Bitcoin (BTC) as the legal tender. As a result, the sitting President Nayib Bukele has attracted both positive and negative sentiments from the global community. On the negative side, big money lenders including the IMF worried that the use of Bitcoin would destabilize the Latin American economy, which has struggled over the past decades.
Wall Street Skeptics Winks at El Salvador Bitcoin Bond Market
After the El Salvador government adopted Bitcoin as a legal tender two years ago, several other initiatives have been made toward expanding the digital economy. Among them was the introduction of Bitcoin Bonds that were meant to fund government projects.
According to data provided by Bloomberg, JPMorgan, Eaton Vance and PGIM, Lord Abbett & Co LLC, Neuberger Berman Group LLC, and UBS Group AG have added the El Salvador Bitcoin Bonds since April 2023.
“The story continues to be positive on the fiscal accounts and Bukele has continued to be very consistent in signaling to bondholders that he’s serious about paying the debt,” said Zulfi Ali, a portfolio manager at PGIM.
As a result, more institutional investors are increasing their appetite for El Salvador Bitcoin Bonds amid the mainstream adoption of digital assets. Moreover, the El Salvador government has hired the former International Monetary Fund veteran as an adviser and is repaying $800 million of Bitcoin bonds.
“Although we missed a significant share of the rally, we still think there’s value across El Salvador’s curve,” JPMorgan research strategists Ben Ramsey, Nishant Poojary, and Gorka Lalaguna wrote in a July note, moving overweight on the debt. “There’s room for this credit to keep outperforming.”
Ripple’s CBDC Solution Attracts 90% of Nations, Paving the Future of Finance
Ripple has launched a platform for central banks and institutions to create their own digital currencies. Around 90% of countries are now looking into this, up from 80% in 2021. Despite legal challenges, Ripple acquired Metaco for $250 million on May 17, showing its commitment to growth.
In a recent interview with Thinking Crypto, James Wallace, the Vice President of Central Bank Engagements at Ripple, opened up about the world of central bank digital currencies (CBDCs) and how Ripple is shaping the future of digital currencies through its CBDC platform.
Ripple’s CBDC platform is like the engine behind digital money for central and commercial banks. He said that it is a whole system that covers everything from producing new digital currency to ensuring that individuals can spend it. Consider it the whole life cycle of digital money, from birth through purchase. This platform makes the journey easier and more efficient for everyone involved.
He added, “I think the trend is very positive. I mean, obviously, there are pluses and minuses, you know, different countries have different things going on, distractions at different times, but generally I think the trend is forward. I think the biggest trend that I’ve seen is from the, what you might call the sort of traditional finance world, so not only, giants like BlackRock getting involved but also, you know, commercial banks too.”
The Vice President also noted a growing interest in stablecoins and tokenized assets, such as real estate and bonds. This trend, he mentioned, reflects the maturation of the market and a broader recognition of the value these assets can bring.
Wallace emphasized that Ripple remains committed to the journey of turning announcements into tangible realities. He highlighted the company’s dedication to working collaboratively with partners and stakeholders to build a future where digital assets play a pivotal role in global finance.
Bitcoin Attracts $27 Million in Inflows, Outshining Other Digital Assets: CoinShares Report
Since the 2022 crypto bear market began, investments in digital assets have struggled to attract money like before. Problems faced by TerraLunaUST, FTX, and Alameda Research last year made big investors wary. However, long-term investors have been buying more Bitcoins during this tough market, mainly due to rising global inflation. Furthermore, the EU and the UK have set clear rules for crypto, which more places are following.
A closer look at a weekly report by European digital assets manager CoinShares reveals interesting facts. The recent US inflation data, a bit lower than predicted, caused a small rise in investments in digital assets last week. This suggests that there might not be a hike in interest rates in September.
In the past week, about $29 million flowed into digital asset investments. Most of this money went into Bitcoin. A noteworthy change happened with Bitcoin, which turned around from losing about $144 million in the past three weeks to gaining $27 million last week.
In the world of alternative cryptocurrencies (altcoins), Ethereum led the way with around $2.5 million coming in. Other altcoins also got attention, like Uniswap (UNI) getting $0.7 million, Solana (SOL) getting about $0.4 million, and XRP having around $0.5 million. Canada was the top region for money flowing in, with about $24 million.
Despite challenges from the 2022 crypto bear market and new regulations, this weekly report shows that digital asset investments are changing. Positive trends, especially with Bitcoin and some altcoins, suggest that investors can adapt and the digital asset market can keep growing.
TMS Network (TMSN) Attracts Bitcoin Whales, Fantom (FTM) Continues to Move Sideways and Wrapped Bitcoin (WBTC) Gets a Bearish Rating
Wrapped Bitcoin (WBTC) and Fantom (FTM) aligned with the overall market crash this month and registered a downward movement. However, TMS Network (TMSN) is taking advantage of its solid position to attract more investors.
TMS Network (TMSN) Is Racing Ahead in the Presale
TMS Network (TMSN) is a state-of-the-art decentralized platform to trade derivatives instantly. Users can connect their wallets to TMS Network’s (TMSN) platform, and start trading without creating an account or waiting for verification. TMS Network (TMSN) allows users to access all major exchanges without opening multiple accounts. From equities to forex, CFDs, and more, TMS Network (TMSN) can be used to trade any derivative via cryptocurrency.
The social trading infrastructure of TMS Network (TMSN) helps users to copy the best traders to minimize losses and increase profits. Novice traders can join the Trading Academy on TMS Network (TMSN) to learn for free, and take help from the trading bots to make faster decisions. With so much to offer, it’s no surprise that TMS Network (TMSN) token is popular in the market. TMS Network (TMSN) shot up to $0.088, and is expected to increase soon. Investors who buy TMS Network (TMSN) tokens during the presale are eligible for additional rewards, benefits, and voting rights.
Wrapped Bitcoin (WBTC) Is Down, Gets a Bearish Rating
The crypto market was down by 3.75% earlier this week. Following the pattern, Wrapped Bitcoin (WBTC) fell by 4.22% on the same day, and is down by another 1.3% at press time. Though the month-long graph of Wrapped Bitcoin (WBTC) looks promising, analysts have put the token closer to a bearish rating. InvestorsObservers posted that Wrapped Bitcoin (WBTC) earned a bearish rating based on its performance last week. Wrapped Bitcoin (WBTC) fell below the support level and continues to struggle. With support set at $28,556.95, and resistance at $29,129.34, Wrapped Bitcoin (WBTC) is volatile.
An increase in sellers will push Wrapped Bitcoin (WBTC) further down, and strengthen the bearish trend. Analysts say that the decrease in trading volume, and the current situation make it unlikely for Wrapped Bitcoin (WBTC) to cross the support level soon. At press time, Wrapped Bitcoin (WBTC) is priced at $27,611.68 with a 26% decrease in the trading volume and a 1.35% decrease in the market cap. Investors should assess the situation before investing in Wrapped Bitcoin (WBTC).
Fantom (FTM) Unable to Break Sideways Movement, Loses 5% in a Day
Fantom (FTM) has established a lateral movement for a while now. Though Fantom (FTM) registered a few spikes, it is still below the $0.45 mark. Fantom’s (FTM) struggle is surprising since the developers are revamping the ecosystem to attract more investors. There are rumours that Fantom (FTM) might launch a crypto bank in 2023. If this happens, Fantom (FTM) users will have more opportunities to multiply their investments and earn greater rewards. However, the trading volume of Fantom (FTM) has declined in the last few days (compared to Q1 reports). Based on this information, analysts predict that Fantom (FTM) may not rally to go bullish anytime soon. The resistance level at $0.4475 is crucial for Fantom (FTM). Let’s wait and see if Fantom (FTM) can first cross the support level at $4.
Presale: https://presale.tmsnetwork.io
Website: https://tmsnetwork.io
Telegram: https://t.me/TMSNetworkIO
Twitter: https://twitter.com/@tmsnetwork_io
| Disclaimer: This is a press release post. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. The image used in this article is for informational purposes only and is provided to us by a third party. Coinpedia should not be held responsible for image copyright issues. Contact us if you have any issues or concerns. Readers should do their own research before taking any actions related to the company. |
Coinbase Sues The SEC, DigiToads Presale Attracts Bitcoin Whales
Coinbase, a premier cryptocurrency exchange, has recently taken legal action against the Securities and Exchange Commission (SEC), seeking a public response to a petition submitted months ago, which questions whether the crypto industry can be regulated under existing frameworks. The petition, introduced in July 2022, urged the SEC to establish and implement rules governing the regulation of securities traded via digital methods, specifically cryptocurrencies.
With the SEC increasing its enforcement actions and warnings against crypto exchanges, investors are becoming cautious, and DeFi projects like DigiToads (TOADS) are gaining attention, especially from Bitcoin whales.
Coinbase vs. SEC: What Is Happening?
The lawsuit filed by Coinbase is primarily an effort to compel the SEC to share its decision on the petition seeking regulatory clarity. Since January, the SEC has targeted several crypto exchanges, such as Bittrex and Gemini, and individuals accused of manipulating crypto assets.
This increased scrutiny highlights the growing unease between the crypto community and U.S. regulators regarding the compatibility of crypto businesses within the United States. For emerging cryptocurrencies like DigiToads, the implications of regulatory clarity can be concerning. However, this development might be a positive change for the industry.
DigiToads: A Credible Crypto in a Sea of Uncertainty
In the realm of cryptocurrencies, anonymity has often been linked to malicious practices. Some DeFi companies exploit this aspect to deceive investors and engage in rug pulls, ultimately stealing investor funds.
DigiToads has chosen to break away from this pattern, maintaining transparency with its community and establishing a doxxed team, audited core code, and a listing on one of the biggest centralized exchanges, BitMart. This decision to prioritize openness acts as a major green flag for the project and attracts a diverse range of investors, including Bitcoin whales.
However, the team’s transparency is not the sole contributor to DigiToads’ widespread popularity, as its rich utility also plays a crucial role. This revolutionary altcoin boasts a unique and comprehensive ecosystem that seamlessly integrates Web3 gaming, staking, deflationary tokenomics, dynamic presale, and trading tournaments, capturing the interest of investors.
The project’s innovative play-to-earn mechanics within its Web3 gaming platform offer users an immersive and rewarding experience. Additionally, its stake-to-earn platform capitalizes on deflationary tokenomics, redistributing 2% of transaction fees to staking pools.
On-chain trading tournaments further enhance user engagement, spurring increased trading volume and widespread adoption of the TOADS token. These tournaments allow participants to compete for exclusive Platinum Toads, which provide winners access to a portion of the project’s treasury and a percentage of trading-generated profits.
DigiToads’ dynamic presale structure promises substantial ROI for early supporters, fostering trust and ensuring the project’s stable growth. Through this innovative blend of features, DigiToads has created a distinctive and all-encompassing ecosystem that caters to gamers and investors, solidifying its position in the ever-growing landscape of cryptocurrencies.
Final Takeaway
The legal battle initiated by Coinbase against the SEC marks a pivotal moment in the crypto industry’s pursuit of regulatory clarity. As transparency and credibility become increasingly crucial in digital assets, TOADS is carving out a prominent position in the ever-changing landscape.
DigiToads distinguishes itself from other top altcoins through its transparency, professionalism, and utility, establishing it as a promising choice for investors seeking to diversify their portfolios and seize the abundant opportunities in the flourishing cryptocurrency domain.
For more information on DigiToads visit the website, join the presale or join the community for regular updates.
| Disclaimer: This is a press release post. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. The image used in this article is for informational purposes only and is provided to us by a third party. Coinpedia should not be held responsible for image copyright issues. Contact us if you have any issues or concerns. Readers should do their own research before taking any actions related to the company. |
Bitcoin Cash (BCH) Recovers Slowly, Ripple (XRP) Rallies while Sparklo (SPRK) Presale Attracts Gold Investors
Thanks to consecutive market crashes in 2022, Bitcoin Cash (BCH) is struggling to undo the damage its coin suffered last year. Its price has gotten off to a good start in 2023, but it hasn’t been able to sustain any rally or significant price jump.
On the other hand, Ripple (XRP) recorded its best price rally in March amid speculations that the Ripple-SEC court case was preparing for its final stages. Finally, the crypto market has responded positively to the new presale token, Sparklo (SPRK), as it aims to change how we invest in precious metals like gold and silver.
Sparklo (SPRK) Announces Upcoming Launch of Innovative Trading Platform
Sparklo, an investment platform, is causing massive excitement because of its upcoming launch. The platform will give investors an easy way to trade precious metals, which are considered a safe haven against inflation. Sparklo offers users low fees, wide access to gold and silver markets worldwide, instant payments, and a token bonus (if you buy now).
Sparklo’s users will also enjoy the comfort and safety of blockchain technology. Sparklo has already been audited by Interfi, and users are welcome to check the results on Sparklo’s website. Furthermore, Sparklo’s executives have announced that liquidity will be locked for 100 years.
One thing that makes Sparklo stand out is its exciting approach to investing in precious metals. The network relies on fractionalized NFTs to represent the size of an investor’s portfolio. Investors get full autonomy over their NFT holdings and they can trade or liquidate them or have the underlying asset delivered to them depending on the size of their NFT.
Despite the huge buzz Sparklo is causing in the Web 3 community, it would shock you to know that it’s still in presale. However, it’s growing fast. Sparklo’s price will rise from $0.015 to $0.017 as April ends. We believe now is the best time to join this exciting project because of the ongoing token bonus, where Sparklo will hand out a 30% bonus to new investors.
Ripple (XRP) Records Strong Performance in March and April as Expectations of Beating the SEC Increases
Unlike many cryptocurrencies that fell in March, Ripple (XRP) recorded a very strong market rally that took it close to 20% of the value it lost since last year. Ripple (XRP), like many coins, fell sharply last year and started to rally slowly in the first two months of 2023.
Ripple (XRP) was trading around $0.33 at the start of the year. It started an impressive rally that took it to $0.4 towards the end of January, but the price started correcting in February, and it gradually dropped to $0.36 by Mid February. Its strongest rally happened in March when its longstanding court case with the SEC was in the news.
As news of the court case swelled in March, Ripple (XRP)’s price jumped to around 0.54. It corrected a bit to $0.52 by Mid April but dropped a bit to $0.47 by the last week of April.
Bitcoin Cash (BCH) Starts Slow Recovery in 2023
Bitcoin Cash (BCH), like many others, was seriously affected by the market crashes of 2022. However, the project has begun a long slow recovery. Bitcoin Cash (BCH) was trading at around $99 by the end of 2022.
By the second week of January, it was trading at $124. Despite the bearish sentiment from the crypto winter, Bitcoin Cash (BCH) managed to keep most of its price gains despite rising and falling on several occasions. It rose to $145 by the third week of February, but the price corrected again to around $110. Bitcoin Cash (BCH) then jumped sharply to around $134, but the coin’s price dropped again to around $121 in mid-April.
Since then, it has struggled within that price range. Given its strong performance in the first four months of 2023, Bitcoin Cash (BCH) is expected to rally even stronger when the crypto winter ends.
Find out more about the presale:
Buy Presale: https://invest.sparklo.finance
Website: https://sparklo.finance
Twitter: https://twitter.com/sparklo_finance
Telegram: https://t.me/sparklofinance
| Disclaimer: This is a press release post. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. The image used in this article is for informational purposes only and is provided to us by a third party. Coinpedia should not be held responsible for image copyright issues. Contact us if you have any issues or concerns. Readers should do their own research before taking any actions related to the company. |
The Sparklo Presale Attracts More Investors as Stacks (STX) and Flow (FLOW) Experience Bearish Sentiments
This week has experienced generally slow traction in prices and sentiments across Web3. Analysts feel that investors are looking to spend more on new projects with predictions for high yields in the future.
With Sparklo offering a great presale price for a project that will influence the future of the metal markets, more investors are considering staking in the project. Meanwhile, Stacks (STX) stays on the green, as Flow (FLOW) suffers a bearish mood.
Stacks (STX)’s Price Enjoys a Positive Trend
Stacks (STX) is a layer-1 blockchain for NFTs (non-fungible tokens), decentralized apps (dApps), DeFi, and smart contracts for Bitcoin. Stacks (STX) allows the creation of smart contracts and dApps that are integrated into Bitcoin’s stability, capital, and security.
Stacks’s native token (STX) has been on a slightly positive trend this week, increasing by 0.66% to its current price of $0.75.
However, social media sentiments about Stacks (STX) have been bearish. There have been 778 out of 471,287 Stacks mentions and posts on Twitter and Reddit, which is a 51.22% decrease compared to April 24.
Flow (FLOW) Continues on a Down Trend
Flow (FLOW) is the cryptocurrency used in Flow, a decentralized blockchain designed for NFTs. The platform uses the token for transfer fees and by users, developers, and protocol validators to earn a reward.
This week has been on a slightly bearish sentiment for the crypto world, and Flow (FLOW) has not been spared. m The price of Flow has fallen by 4.97% to its current price of $0.89 in the past 1 week.
Likewise, Flow (FLOW)’s social media sentiments have been bearish, with 840 out of 471,300 posts on Reddit and Twitter on April 25, 2023, which was a 46.94% decrease compared to April 24, 2023.
More Investors Going for the Sparklo (SPRK) Presale
In more interest developments, Sparklo is bringing the precious metals market to the blockchain.
The move that is gaining attention from investors will see Sparklo become the first blockchain trading platform specializing in platinum, gold, and silver. Decentralizing the metal markets will make it more accessible to internet users often intimidated by the lack of inclusivity in most traditional platforms.
For starters, there will be no intermediaries, like brokers and banks, who make it a costly affair because of fees and commissions. Sparklo plans to make it available to investors of all walks by including fractional ownership of the metal one wants to stake in.
The metals will be tokenized in the blockchain so that investors can acquire SPRK tokens that represent their metals. This way, they can own fractional shares according to how much they are willing to stake and then trade them from peer-to-peer through the platform.
Currently, Sparklo is on offer at a presale price of only $0.015 and by end of the week will increase to $0.017. With analysts predicting the project to gain more momentum, this could become the next blue-chip crypto, and early investors could make significant gains in the future.
The Sparklo team has already submitted their KYC, and it is currently in the process of completion. They have also been audited by Interfi Network.
Find out more about the presale:
Buy Presale: https://invest.sparklo.finance
Website: https://sparklo.finance
Twitter: https://twitter.com/sparklo_finance
Telegram: https://t.me/sparklofinance
White Paper: https://sparklo.gitbook.io/sparklo-documents/
| Disclaimer: This is a press release post. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. The image used in this article is for informational purposes only and is provided to us by a third party. Coinpedia should not be held responsible for image copyright issues. Contact us if you have any issues or concerns. Readers should do their own research before taking any actions related to the company. |
Fetch.ai (FET) Price Massive Surge Attracts More Whales to the AI Crypto
Fetch.ai (FET), a blockchain AI crypto token based on Binance, has seen its value increase by 250% over the last thirty days. This increase is in accordance with the bubble that began in the cryptocurrency market the previous month, which has attracted whales to the cryptocurrency.
Whales Stacking Fetch.ai
At press time, FET is worth $0.56, having gone up by 31% in the past twenty-four hours and 107.5% in the past seven days. Currently, whales are in control, and they are buying and selling Fetch.ai (FET) like crazy, making it one of the most frequently traded smart contracts among the top 100 ETH whales.
One of the top five cryptocurrencies that big wallet holders are interested in buying and stockpiling for the long term is FET, according to data compiled by WhaleStats, a prominent whale activity tracker.
A large number of whales have been amassing over the last twenty-four hours, which sometimes precedes a price gain for the cryptocurrency due to a big event or the appearance of positive technical indicators.
The recent price increase in FET is not unexpected. This singular achievement has helped propel the present mood in the cryptocurrency market, and it compliments the fact that digital money is recognized to have significant volatility that is typically favorably biased.
The rising profile of Fetch.ai’s ecosystem is also a factor in the current bullish mood. The project recognizes the need to inform its user base about the protocol’s advantages; hence it has been allocating resources to that end. The protocol aims to increase familiarity with its technology and the goods it offers by hosting a series of Ask Me Anything (AMA) threads and Twitter Spaces chats with its key specialists.
Through the use of autonomous AI to carry out operations that make use of its global network of data, the platform aims to democratize access to AI technology by providing a permissionless network to which anyone may join and have access to protected datasets. So far, the protocol’s planned enhancements have allowed it to fulfill its promise. But will it continue to spike? Only time will tell.
Polygon (MATIC) Surges 50% In 30 Days, Attracts Institutional Investors
Polygon (MATIC) finished last week on a neutral note, showing a 2% increase. As a scaling solution for Ethereum, it has gained significant interest from institutional investors looking to invest in the Web3 market. This is evidenced by the fact that the Polygon NFT market on the OpenSea platform surpassed Ethereum’s for two consecutive months, suggesting the potential for attracting developers and investors to the ecosystem.
According to recent crypto price data, Polygon (MATIC) has seen a 50% growth over the past 30 days, putting its network value at $10,808,682,894. Additionally, the total value locked (TVL) assets in Polygon has risen in recent weeks, reaching around $1.2 billion.
It is also worth mentioning that Polygon is host to top Web3 projects such as Balancer, Quickswap, Uniswap V3, and AAVE.
Polygon: Price Action & Market Outlook
The Polygon (MATIC) price has been experiencing a bullish trend since the start of January, with its price in the four-hour time frame showing higher highs and higher lows, a hallmark of an upward trend.
However, RSI indicators suggest that the bulls are starting to show signs of fatigue, raising the possibility of a market reversal in the near future. If Polygon’s price falls below $1.8, this could invalidate or delay the upward trend. On the other hand, a rally above $1.28 could boost Polygon (MATIC) and lead to a new upward trajectory.
Coinglass data shows that Polygon trading has led to $979k in liquidations in the past 24 hours, with a 24-hour trading volume of about $626,510,880. Given these figures, it is expected that the top layer 2 blockchain will see more growth in the future.
Ethereum’s New Staking Model Attracts SEC! – Coinpedia – Fintech & Cryptocurreny News Media
After a long delay, on Thursday, September 15, the Ethereum network was finally transformed into proof-of-stake (PoS) from proof-of-work (PoW). This transition is expected to improve the network’s stability and reduce energy usage by 99.95%.
While the ETH holders are rejoicing with the merger, the US regulator, Securities Exchange, and Commission (SEC) are now viewing ETH as security. Right after the merge was completed, Gary Gensler, SEC Chairman claimed that all the cryptocurrencies and platforms that give an opportunity for its holders to stake their holdings will have to pass the Howey test used by judiciaries to know if the asset is secure. The Howey Test makes an effort to investigate whether the market participants are expecting any returns from the third party.
As per the law that was passed in the 1930s, the one who issues securities, the assets that involve stocks and bonds, should submit a disclosure to the SEC. Also the exchange platforms along with brokers who allow the trading of securities must adhere to the rules meant to protect investors.
Ethereum To Register Under SEC
If the rules aren’t followed, the exchanges and brokers will have to encounter strict liabilities.
Staking is a way through which the crypto networks verify the transactions which allow investors to hold on to their currencies for a time so that they get some returns. The networks include Solana, Cardano, and now Ethereum too.
Even in the past, the SEC has urged that those platforms that are allowing crypto-lending products are required to register with them and when BlockFi Lending went against the claim, they were forced to pay $100 million.
The agriculture committee has recently proposed a crypto bill that especially mentions that Bitcoin and Ethereum are digital commodities and not securities. Exchanges such as Coinbase and FTX will have to register with the Commodity Futures Trading Commission so that the commission can track the trading and defend investors from any kind of abuse.
On the other hand, the judiciary from Consumer-protection claims that the CFTC doesn’t hold the good experience and resources to understand small inventors. Now, the SEC is expected to either draft a disclosure frame or offer incentives for the organizations that make an effort to reduce energy consumption.
Was this writing helpful?
Big Eyes Attracts More Than $1.2 Million In The Early Stages Of Its Presale, Is It Going To Surpass Tron And Internet Computer?
Ever since the crypto market started booming, new and novel crypto projects have been developing and launching. After Bitcoin (BTC), popular crypto categories include altcoins, meme coins, stablecoins, GameFi tokens, DeFi tokens, and many more. Big Eyes (BIG) falls under the meme coins category and is currently in its presale stages. The crypto market has seen a severe downfall in recent months, thanks to the post-pandemic global recession and economic crisis. Many cryptocurrencies lost their positions in the rankings and are still struggling to survive.
However, some strong crypto projects succeeded in retaining their ranks in the market’s recovery process, such as TRON (TRX), Cardano (ADA), Internet Computer (ICP), and others. Getting inspired by these blue-chip projects, developers are keen to launch new cryptocurrencies having solid foundations that could bear the aftershocks of the crash. Let’s dive in to see how Big Eyes (BIG) is going to attract more contributors to build up its cat army after learning about the strengths and background fundamentals of TRON (TRX) and Internet Computer (ICP).
TRON (TRX)
TRON (TRX) is a decentralized crypto token for the Tron network, originally launched in 2017. The token was first built on the Ethereum blockchain as an ERC-20 token. After a year, the network launched its own protocol and shifted the token to TRC-20. TRON (TRX) was designed to allow content creators to earn good income from their content. The platform lets them enjoy the perks of decentralization using blockchain technology. This means the creators have the ownership rights of their content, and no intermediary like YouTube, Apple, or Facebook can take this away from them. Thus, the team initially built the network to serve as a decentralized Internet platform.
Justin Sun is the popular name behind TRON (TRX). He is the founder and CEO of Tron Foundation. Utilizing his enthusiastic brain cells, he also decided to launch an algorithmic stablecoin of the TRON network. The stablecoin is dollar-pegged and supported by the collateral to retain this peg. Its name is USDD (decentralized USD), and it is a great achievement of the Tron Foundation, looking at people’s utility in it. TRON (TRX) supports smart contracts and allows developers to develop decentralized applications (dApps) leveraging blockchain technology. Since its inception, the market has seen many dApps and TRC-20 tokens launched and hosted on this network. TRON (TRX) has a price under 1 dollar, which is a good pusher for crypto traders to keep purchasing the token even on bullish days. However, the token got severely hit by the crash of 2022 and is still not performing well despite its stablecoin’s success in the crypto market.
Internet Computer (ICP)
Internet Computer (ICP) is the native token of Internet Computer Protocol. It was launched back in May 2021. Thus, it is a fresh project compared with its rank in the crypto market. The protocol was designed to further the use of the Internet and impart more value to the development of smart contracts on a larger scale. The protocol serves the same purpose as TRON (TRX) in leveraging blockchain technology. The developers can build decentralized apps (dApps) using ICP.
Internet Computer (ICP) is counted among the world’s fastest public blockchains as it can support up to 11,500 transactions per second (TPS). The $ICP token has a supply of 469,213,710 tokens at its genesis. However, its circulating supply depends on the market dynamics. The token had made an all-time high (ATH) of $700.65 in May 2021. After that, the token got severely hit by market ups and downs, especially the crash of 2022. Today the price of one $ICP is under $20, which tells that it’s a sleeping giant waiting for the market’s bullish cycle to restart.
Big Eyes (BIG)
Big Eyes (BIG) is a new meme token joining the crypto market in 2022. The token is based on a cute Japanese anime-style cat that resides on the icon of this token. Although the token is currently under its development, the presale of the token has already begun, and users and meme lovers are overwhelmingly participating in it. The token is built with the purpose of supporting the thriving decentralized finance (DeFi) ecosystem. Currently, the market is experiencing a severe crash, and 2022 was a really upsetting year for crypto traders. Many crypto traders have lost their massive portfolios, and many are suffering from losses.
At this time, it’s important to launch newer and stronger crypto projects that could add value to the disrupted market and generate wealth for it. Big Eyes (BIG) is more or less on the same mission. Its cute cat-faced icon attracts every meme lover to join its presale and take home piles and piles of $BIG tokens at affordable prices.
What differentiates this meme token from others?
Big Eyes (BIG) differs from hundreds of meme tokens floating in the market for many reasons. Here are to name a few:
- Most meme tokens in the crypto market have a dog theme or are based on some dog breed, while Big Eyes (BIG) is one-of-its-kind to be as cutest as a cat.
- Big Eyes (BIG) wants to give back to the community and world more than it takes. For this, the ecosystem has already allocated a 5% of the token’s total supply for preserving oceans and marine livelihood.
- Big Eyes (BIG) is a community-powered and community-empowering token. This means the community will control the governance of the ecosystem, making it a fully-functional decentralized autonomous organization (DAO).
- Big Eyes (BIG) will not just launch a meme token and sleep away. It also aspires to mint its top ten NFTs collection for the users to enjoy more perks of its ecosystem and earn greater profits.
- Its initial liquidity pool will be locked for two years to support and strengthen its ecosystem.
Tokenomics & Allocation
$BIG is the token ticker of the Big Eyes (BIG) token. It has a maximum supply of 200,000,000,000 tokens. Here’s the allocation of this supply:
- 80% of this supply will be sold in the public presale that is already live. This means the community will have the most token allocation and control.
- 5% of the total supply will be utilized in marketing and promoting the token to a greater audience.
- 5% of the net supply is reserved for charity and will be used to save world oceans and aquatic life.
- A 20% chunk of the token will also be given to the crypto exchanges so that the users can buy the $BIG token if they miss the chance to buy it in presale using the method mentioned below.
How to enter the Presale?
If you’re excited to participate in the presale before it ends, here is a step-by-step guide for you to jump into the cuteness of $BIG’s world:
- Install a wallet supported by Wallet Connect. It’s recommended to use either MetaMask or Trust Wallet for browser and mobile purchasing, respectively.
- Get $ETH or $USDT in your wallet to deposit while purchasing the token.
- Use the 18-decimal contract address mentioned below to deposit your funds.
- Make sure you cross-check the contract address from the presale website before depositing the funds to avoid any financial loss.
- Once you’re all done, wait for the presale season to end. Once it’s over, the team will update the website with a Claim Button that you can click on to claim your bought $BIG tokens.
Big Eyes (BIG) claims to be a strong and community-led meme token. According to its official website, the project is certified by CoinSniper, ensuring that it is anti-rug and legit. Also, the contract of the Big Eyes (BIG) token is audited by Solidity Finance and shown to be 100% secure. As per the latest presale stats, the token has raised more than $1.2 million in USDT, while the target is $1.95 million. The presale will end when 1 USDT equals 7368.42 Big Eyes (BIG) tokens. Currently, on spending 1 USDT, you’ll get 10,000 $BIG tokens.
For more information on Big Eyes (BIG), you can visit the following links:
Presale: https://buy.bigeyes.space/
Website: https://bigeyes.space/
Telegram: https://t.me/BIGEYESOFFICIAL
Disclaimer: This is a press release post. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company.