Trader Joe Seeks 1.83M ARB Grant for Expansion on Arbitrum DAO!
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Trader Joe, the largest decentralized exchange (DEX) on Avalanche, is seeking to expand its reach by applying for a $1.83 million ARB grant from Arbitrum DAO. The grant will be used to support the Arbitrum One protocol with liquidity incentives to attract more users to the ecosystem. The move is part of Trader Joe’s strategy to expand its presence on other blockchain networks. If approved, this grant proposal will be a significant milestone for the DEX and a boost to its expansion efforts.
Optimism Announces a $26 Million OP Token Airdrop for DAO Participants!
Optimism, a layer 2 network built on the Ethereum network, has announced its third OP token airdrop, worth $26 million, to 31,870 addresses that participated in delegation activities of its DAO, the Optimism Collective. The rewards were based on the number of tokens delegated by a user and the duration for which they were held. A minimum threshold of 18,000 units was set, and to ensure a fair distribution, rewards were capped at 10,000 OP tokens for each address. The airdrop was aimed at increasing engagement on the platform and rewarding user participation.
ApeCoin DAO Proposes NFT Treasury with Influential Acquisitions!
ApeCoin is already ready to launch a sister DAO and NFT community treasury, with a proposal currently approved by over 70% of early voting. Animoca Brands co-founder Yat Siu co-authorizes the proposal, which seeks to position ApeCoin as a culture token to “power the broader web3 ecosystem”. It recommends acquiring influential NFTs managed by a community-governed vault, including Bored Ape Yacht Club, Mutant Ape Yacht Club, Cool Cats, World of Women, and Pudgy Penguins. The sister DAO would lease the NFT IPs to APE holders, with potential APE grants on offer, for greater adoption and utility. Voting closes on Wednesday.
Cardano (ADA), Compound (COMP), Curve DAO (CRV)
VC Spectra (SPCT) has started to assert its dominance over crypto competitors like Cardano (ADA), Compound (COMP), and Curve DAO (CRV). This powerful new gem impresses investors with its exceptional rewards and unrivalled real-life utility. On top of that, VC Spectra (SPCT) raised over $2.4 million in private seed sale.
Cardano (ADA) Could be Delisted from Coinbase
Cardano (ADA) is currently priced at $0.29, decreasing by 5.10% in the last five days. Cardano (ADA) bears expect more pronounced dips after the recent news that Coinbase may be required to delist 13 tokens which the SEC previously described as ‘unregistered securities,’ including Cardano (ADA).
Thus, some analysts warn that Cardano’s (ADA) price could soon drop below the $0.27 range. On the other hand, Cardano (ADA) bulls predict rallies toward $0.35 in the next seven days. Experts believe that Cardano’s (ADA) new Project Catalyst could significantly improve Cardano’s (ADA) market performance. The project will provide a framework for the creation of real-world projects.
Compound (COMP) Drops Over 20% in Seven Days
Compound (COMP) is trading for $57.35, dipping by a massive 20.65% in the last week. According to Compound (COMP) bears, the token’s rapid drops from its figures above the $70 threshold clearly indicate that Compound (COMP) could decrease below $45 by the middle of August.
Conversely, Compound (COMP) bulls hope for an improved price performance due to the astonishing growth of Compound’s (COMP) developer ecosystem. Furthermore, Compound (COMP) continues to attract interest with its unique new products, such as the CometWrapper, which makes Compound (COMP) V3 tokens ‘non-rebasing’ and static.
Curve DAO (CRV) Resumes Bearish Trend
Curve DAO (CRV) is selling for $0.61, dropping by 15.63% in the last seven days. Curve DAO (CRV) bears expect continued dips in Curve DAO’s (CRV) price after several Curve Finance pools were recently exploited by over $47 million due to malfunctioning reentrancy locks. Hence, Curve DAO (CRV) could approach the $0.45 level in the next few days.
However, Curve DAO (CRV) bulls are confident that the token will soon reclaim its earlier figures above the $0.70 range. This optimism is based on several positive factors such as Curve DAO’s (CRV) low-risk transactions and efficient stablecoin trading. Furthermore, Huobi co-founder Jun Du recently displayed his support by purchasing 10 million Curve DAO (CRV) tokens.
VC Spectra (SPCT) Is Set to Dominate the Crypto Sphere
VC Spectra (SPCT) is a community-driven decentralized hedge fund that presents the most viable investment opportunities in current blockchain projects and technology startups. VC Spectra (SPCT) users can explore various tokens and niche markets and diversify their portfolios with countless lucrative options.
Furthermore, VC Spectra’s (SPCT) cutting-edge AI trading systems enable users to make informed investment decisions that bring them quarterly dividends and buybacks. On the other hand, the deflationary VC Spectra (SPCT) token grants several amazing benefits, such as access to pre-ICO discounts and voting rights for future investments.
The VC Spectra (SPCT) token is currently at Stage 2 of the public presale, selling for $0.011. Investors are looking at 127.27% gains when the token surges to $0.025 at Stage 3 and incredible 627% gains when VC Spectra (SPCT) reaches the $0.080 presale target (an impressive 10x surge from the initial price of $0.008).
Major experts predict that VC Spectra (SPCT) is bound to outclass opponents such as Cardano (ADA), Compound (COMP), and Curve DAO (CRV), so invest now and receive a 25% bonus on all deposits!
Learn more about the VC Spectra presale here:
Presale: https://invest.vcspectra.io/login
Telegram: https://t.me/VCSpectra
Twitter: https://twitter.com/spectravcfund
Hedera and Lido Dao Coin Prices Slide, Tradecurve Coin Shows Bullish Performance
The crypto trading space has brought numerous innovations, where new platforms are emerging and battling towards market dominance. One such project is Tradecurve, which showcases bullish performance, while older projects like Hedera and Lido Dao have begun to dip. Join us as we uncover each project’s performance.
Hedera and Lido Dao Prices Slide
On July 7, 2023, Hedera published the weekly report on how RAK Digital Assets Oasis established a partnership with the HBAR Foundation. It’s clear that the Hedera ecosystem is thriving. However, the same cannot be said about its value. As of July 8, 2023, Hedera traded at $0.04698545.
During the past week, Hedera saw its low point at $0.04597936, with its high point of value at $0.051269. During the past two weeks, the overall price decrease of Hedera was by 9.8%, and in the last week, it dipped by 7.1%. This worrying red-zone dip has inspired investors to diversify away from Hedera.
Lido Dao Stays Stable Despite Ecosystem News
Lido Dao shared how Lido saw experienced a 7.77% increase in staked ETH with over 6,600 new stakers. They also claimed a successful transition of LP incentives from LDO to stETH as of July 7, 2023.
Despite this, the value of the Lido Dao cryptocurrency has declined. As of July 8, Lido Dao trades at $1.95. In the past week, Lido Dao saw its low point at $1.89, with its high point at $2.23.
Moreover, within the last 30 days, Lido Dao saw a price decrease of 11.8%; in the last seven days, it saw a decrease of 7.6%.
Tradecurve (TCRV): A Hybrid Exchange That Can Become a Dominant Force in DeFi
The Tradecurve platform can pull ahead of its competition, as it integrates CFDs, ETFs, crypto, indices, forex, commodities, options, and bonds and makes all of them accessible from a single account without any KYC procedures.
This makes it the first platform that combines all of these markets while also offering a wide range of benefits, such as copy trading, negative balance protection, and a VIP account system.
Tradecurve Dominates LidoDAO and Hedera
While Tradecurve is a new entrant in the crypto scene, it has shown impressive returns. The TCRV token has surged by 80%, easily surpassing LidoDAO and Hedera.
This growth can be attributed to its vast feature set, where users can access high leverage starting at 500:1, and AI algorithmic trading for enhanced trading experiences. By combining the best elements of CEXs and DEXs, users can get access to high liquidity and self-custody whilst also being able to trade in various markets.
During Stage 4 of the presale period, TCRV trades at just $0.018. Traders have begun joining the future of DeFi and getting into the platform, as 14,500 have already signed up.
The project has gained significant attention and is expected to surge by 100X when it launches. TCRV is still available at a great price, and those seeking high ROI will want to buy it before it explodes.
For more information about the TCRV presale:
Buy TCRV Presale Tokens | Follow Twitter | Join Community on Telegram
Investors Choose Sparklo (SPRK) Over Uniswap And Curve Dao
With the SEC going after crypto exchanges, some cryptos are set to benefit if things escalate. Decentralized exchanges like Uniswap (UNI) and Curve Dao Token (CRV) have experienced a volume surge since the Binance and Coinbase news hit the markets. However, despite the rise in usage of Uniswap and Curve Dao Token, the prices of these two cryptocurrencies are yet to move.
Instead, investors remain razor-focused on upcoming cryptos with exponential growth potential. Sparklo is one of the cryptos that most analysts believe have the potential for over 4,000% or more gains in 2023.
Sparklo (SPRK) excites investors while still in presale
Sparklo is currently in stage two of its presale, but it is already exciting the markets. Analysts are already predicting Sparklo could deliver gains of 4,000X or more within H2 of 2023. Part of the bullish sentiment comes from Sparklo’s strong use case. Sparklo wants to fractionize precious metals using NFTs. Precious metals will back the NFTs, and anyone who can buy a whole NFT will be able to take physical ownership of the platinum or other precious metals.
But that’s not all. Sparklo attracts investors because it is a safe presale, something many other crypto presales lack. The Sparklo smart contract is audited by InterFi Network and declared to be free of vulnerabilities. It also has a 100-year liquidity lockup to ensure the founding team doesn’t dump once the token hits exchanges.
On top of these features, investor uptake of Sparklo is increasingly driven by the ongoing bonus offer. It is currently in stage two of its presale, and investors are enjoying a bonus of 50% of all tokens bought. Investors are also excited by the frequent upside price adjustments of the price. In Stage one of the presale, Sparklo was going for $0.015. However, after several adjustments, it has risen to its current stage two price of $0.036. It is not surprising that analysts expect this momentum to keep rising and push Sparklo up by 4,000% or more once it hits the market.
Uniswap (UNI) usage rising but no bullish momentum yet
Uniswap (UNI) experienced a surge in adoption after the SEC announced it was going after Binance and Coinbase. This is the second time it has experienced a surge in usage in months. The last time was during the meme coin craze of April that saw Uniswap surpass Coinbase in trading volumes. Interestingly, the current appetite for decentralized exchanges has not affected its price. Buying volumes remain low, indicating that Uniswap will likely keep trading in the overall direction of Bitcoin.
By contrast, upcoming cryptos have been recording astronomical gains even as the rest of the market remains stagnant. This may explain why despite Uniswap trading volumes surging, presale cryptos like Sparklo remain the primary focus of investors at the moment.
Curve Dao Token (CRV) is looking bearish despite growing adoption
Like Uniswap (UNI), Curve Dao Token (CRV) is one of the cryptos that have benefited from the SEC’s ongoing crackdown on major exchanges. Since the news of the SEC going after top exchanges hit the markets, the token has seen a volume surge, especially for trading USDT and USDC. However, the volume surge has done little to improve Curve Dao Token’s price. It is underperforming the likes of Bitcoin and Ethereum. This indicates that investors don’t expect it to rally independently of Bitcoin’s price action in the short term.
The cryptos that investors expect to pull such independent price action are yet to hit the exchanges and are mainly in their presale stages. One crypto that is exciting investors while still in presale is Sparklo. The momentum around Sparklo’s presale is so high that analysts believe a 4,000% or more rally is within reach in 2023.
Find out more about the presale with the links below:
Can It Surpass The 2024 Price Predictions of XRP And Lido DAO?
The cryptocurrency market has witnessed numerous presale events that have captivated investors with their potential for exponential growth. In recent times, Uwerx has added itself to that list, riding the wave of success alongside XRP (XRP) and Lido DAO (LDO).
The presale for Uwerx is nothing short of a success, generating excitement and anticipation within the crypto community. This article dives into the reasons behind the remarkable surge of Uwerx.
Uwerx (WERX) Open the Doors to Decentralized Freelancing
Uwerx will be a decentralized freelance project that aims to transform the gig industry through blockchain technology. It will provide a fair and transparent freelance market that connects independent contractors to an extensive network of clients searching for capable professionals. Thanks to the project’s Alpha version, users will be granted a preview of the transformative potential that Uwerx holds for its community.
The platform’s landing page and sign-up/sign-in pages are scheduled to be released first on the 19th of May, 2023. The Beta version and other additional features will be released weekly or bi-weekly, allowing for a steady and captivating progression. While this exercise is ongoing, the platform will be open to comments and reviews from all its users.
In a short while, the project has attracted 5000 sign-ups through its successful presale. These numbers are a strong indicator of the project’s overwhelming potential.
Uwerx has made its community user-centric by conducting polls. The first poll asked the community to vote on a test airdrop. An astonishing 98.2% of the community voted in favour of a test airdrop. The team was thrilled by the overwhelming feedback and response received, and to ensure a seamless user experience, they will utilize the airdrop to verify the accuracy of users’ wallet addresses.
During the second poll, the community was asked if they wanted the team to lock their tokens now or after the presale, to which 82.8% voted in favour of locking the tokens now. To avoid any rug pulls in the future, the developers decided to enter a 25-year liquidity lock with their 7% token allocation. The team will announce a lock date very soon.
Uwerx has already gotten audit permissions from SolidProof and InterFi in its journey toward safety, security, and transparency project. Uwerx has launched the Uwerx Vault, where users can store their tokens for a preferred duration. It works like staking and will be rewarding investors who use it.
You can purchase a Uwerx token for as low as $0.0225 and enjoy a 20% purchase bonus. However, we strongly recommend acting swiftly, as prices are poised to rise, and bonuses will reduce soon. Analysts say Uwerx might hit $1.27 by Q4 2023 and $2.002 by Q2 2024.
Lido DAO (LDO) Increases in Profit
Lido DAO (LDO) is a decentralized project that assists Proof-of-Stake cryptocurrencies with liquid staking protocols. It distributes governing right through its native token, LDO, to its users. The users can then vote on the network according to their stakes.
Lido DAO (LDO) has been on an upward trajectory. The token increased by 1.87% in the last 24 hours. It also saw a 17.60% increase over the past week. Currently priced at $2.23, Lido DAO (LDO) boasts a substantial market cap of $1.9 billion. This is evidence of its growing prominence in the crypto market.
Lido DAO (LDO) is performing outstandingly in the global cryptocurrency market and might see a further increase in the coming days.
Lido DAO (LDO) has a flexible voting mechanism. Its voting mechanism can be upgraded and adjusted while maintaining its independence from other protocols on the blockchain.
XRP (XRP) Still Has Some Bullish Steam
XRP’s (XRP) current trading price is $0.44. It increased by 5.54% in the past 24 hours. Over the seven days, XRP (XRP) has witnessed a commendable increase of 4.60%, propelling its market cap to an impressive $23 billion.
The project enjoys substantial support from the community, with over 83% expressing bullish sentiments, envisioning XRP’s price to reach $0.49 in the coming week. XRP (XRP) aims to revolutionize global payments, enabling faster and more cost-effective transactions worldwide.
The project’s ledger can confirm transactions in under five seconds. XRP tokens can be obtained on centralized and decentralized exchanges. A key feature of XRP (XRP) is its quick remittance and low transaction fees. It can confirm transactions in under five seconds.
While XRP (XRP) and Lido DAO (LDO) enjoy popularity, analysts also identify opportunities in projects like Uwerx. Uwerx aims to create a platform that serves clients and enriches freelancers and investors. Become a part of this project today and enjoy the 20% bonus while the offer lasts.
Key segments of the Alpha Version are already live, with the highly anticipated Beta version soon to be rolled out. This is an invitation to witness firsthand the transformative potential of Uwerx, and not just witness, but partake in it.
However, this window of opportunity won’t stay open forever. The value of WERX is forecasted to surge from $0.0315 to $0.041 on Friday, 2nd June at 15:00 UTC. This imminent price adjustment is a clear signal of the company’s upward trajectory.
Additionally, the current 20% bonus on orders is set to be trimmed down to 15%. This implies that the earlier you get on board, the higher your potential returns. By investing now at $0.0315, you’ll lock in a generous 20% purchase bonus.
The future waits for no one, and neither does Uwerx. Dive deeper into this dynamic opportunity – click the links below to explore more and align your financial future with the rising star that is Uwerx. Your journey to potentially massive growth starts today.
Predicted Top Altcoins For 2023 Include Uwerx (WERX), Quant (QNT), and Lido DAO (LDO)
Though the cryptocurrency market has been very bearish for most of 2022, cryptocurrency adoption continues. This tells investors that older coins are improving their fundamentals to meet the ever-changing demands of the current market.
Therefore, investors must search for fundamentally good coins with solid utilities as the year ends. In light of this, analysts predict Uwerx, Quant (QNT), and Lido DAO (LDO) as top altcoins for 2023.
Quant (QNT) Investors Expect A Bullish Trend In The Coming Weeks
Quant (QNT) currently has a market cap of $1.80 billion and has outperformed many popular altcoins in the crypto market. A look at the previous 30 days shows that Quant (QNT) had a 13.1% price increase. At press time, Quant (QNT) has a market price of $124.08 after a 1.2% price decrease over the past day.
Before the market downturn due to the FTX exchange implosion, Quant (QNT) was comfortably trading above the $160 price level. However, when the FTX implosion occurred, the value of Quant (QNT) nose-dived to about $95.28 on November 14. But, over time, Quant (QNT) bounced back to above the $100 price level to its current price.
The chart shows that Quant (QNT) price action is forming an ascending triangle pattern. This is a bullish indication, and investors expect Quant (QNT) to have a good bull run in the coming weeks.
Lido DAO (LDO) Is Experiencing A Downtrend Post-FTX Collapse
The Lido DAO (LDO) token had a drop in its popularity in November during and after the FTX exchange collapsed. This resulted in Lido DAO (LDO) facing less demand and, therefore, more downside. Lido DAO (LDO) also had a reduced number of active addresses holding its crypto from the second week of November to the month’s end.
Lido DAO (LDO) currently still has a low number of active addresses, but there was a little uptick in the number of addresses held by the top addresses. Apart from this upside, data from Lido DAO (LDO) staking showed that the token had increased staking deposits starting from November’s end. Analysts believe this could mean more demand for the Lido DAO (LDO) token.
This cryptocurrency has experienced a decline since mid-August and hasn’t recovered from its bearish performance in November. Currently, Lido DAO (LDO) is worth $1.05, and market experts predict that with the increase in demand for Lido DAO (LDO) staking, the price might experience a bull run in the coming months.
Uwerx (WERX) Token To Rank Among The Top Cryptocurrencies Of 2023
Uwerx will be a freelance platform built on the Polygon blockchain network, offering a decentralized and transparent environment for freelancers and clients. With the gig economy and freelance industry showing resilience and growth, Uwerx presents itself as a lucrative investment opportunity in 2023.
Compared to its competitors, Uwerx charges lower fees, specifically 1% instead of 20%. The platform also provides the best possible security and transparency for all data stored on the network. InterFi Network and Solidproof have granted audit approval to the Uwerx platform, ensuring trustworthiness and reliability.
The current price of WERX is a modest $0.0315, but come Friday, 2nd June at 15:00 UTC, expect a surge to $0.041. Alongside this, the added bonus on orders will adjust down from an advantageous 20% to a still generous 15%. Acquiring WERX at its current rate will not only provide a lucrative asset, but also a compelling 20% purchase bonus. Now is the time to act – familiarize yourself with Uwerx and seize this unique investment opportunity today via the links below.
Sparklo (SPRK) Breezes Past TRON (TRX) and Lido DAO (LDO) in Terms of Growth Potential
Blockchain is where ideas come to life, regardless of how bizarre they might sound at the time. It is a healthy environment where novel and futuristic ideas can be birthed.
Sparklo is the next big idea with the potential to surpass TRON (TRX) and Lido DAO (LDO). Curious? Continue reading to find out.
Sparklo (SPRK) is the next big idea to be massively adopted in the crypto space
Sparklo, a project with strong and unique fundamentals, is introducing the next big idea on the blockchain. As an investment platform, Sparklo aims to enable fractional investment in gold, silver and platinum. By representing real-world assets as NFTs, investors can have fractional or complete ownership. By purchasing the entire NFT and not fractions, you will receive complete ownership of the asset, which will be shipped to you.
Sparklo’s utility token, $SPRK, is currently in its presale level and costs just $0.026. At its cheap presale price, investors can be confident of significant profits as they accumulate more tokens. Crypto experts have Sparklo’s growth for this year at 2,500%, which is immense. You should sign up for the presale by following the link below.
Sparklo is a profitable and equally safe venture. With its total liquidity lock for 100 years and the team’s token lock for 1,000 days, there will be no instance of rug pulling. In addition, to guarantee transparency, the KYC audit has been completed and the smart contract has been audited by InterFi Network.
TRON’s (TRX) strategic partnership will provide data-driven insights on user activity
A strategic partnership between TRON (TRX) and Nansen, a trusted blockchain data provider, was recently formed. In a tweet released on Nansen’s Twitter page on May 23, the partnership was announced and it is bound to be beneficial. Through this partnership, in-depth insights about TRON (TRX) user activity will be available via Nansen’s tools.
TRON (TRX) trades at $0.077 at the time of writing. In the past 24 hours, TRON (TRX) has experienced a 1.6% decrease in price. However, it is on a weekly rise, up by 9.9% in the past 7 days. With a price correction possible this week, Tron (TRX) seems like a non-viable investment, especially when compared to Sparklo.
Bearish attack on Lido DAO (LDO) continues
Lido DAO (LDO) recently recorded a new ETH withdrawal processing milestone. In a recent development, Lido DAO (LDO) processed 98% of withdrawal requests in a week, as of May 23. This incredible feat was achieved thanks to Lido DAO’s (LDO) protocol buffer, which enables faster staking withdrawals on the network.
Lido DAO (LDO), in the past 24 hours, has been beset by bearish attacks, falling by 4.9% to trade at $1.98 at the time of writing. The bearish trend continues on its 7-day price chart, recording a 10.8% decrease as of press time. With Lido DAO’s (LDO) bearish trend speculated to continue, an alternative investment in Sparklo might just be the better investment.
Find out more about the presale:
Buy Presale | Website | Twitter | Telegram
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Uniswap (UNI), Curve DAO (CRV), and Uwerx (WERX) Token Launch New Updates. Can They Trigger a Crypto Price Rally?
The crypto industry has seen dramatic shifts in 2023, inspiring renewed confidence among investors and traders. Crypto coins like Uniswap (UNI), Curve DAO (CRV), and Uwerx (WERX) have all launched new updates that are expected to endear users and trigger a price rise.
Uniswap (UNI), a decentralized exchange and Curve DAO (CRV) has unveiled unique features to improve user experience. Similarly, Uwerx (WERX), a fast-increasing high-profile cryptocurrency, has also released new functionalities to attract more users. Read on as we examine these industry-leading coins with colossal potential to surge in price.
DeFi Exchange, UNISWAP Releases Mobile Wallet
According to a press release published recently, the decentralized finance exchange (DeFi) platform Uniswap has created a mobile wallet application to increase the number of people using DeFi wallets and allow for trading on the go.
The Uniswap mobile wallet is designed to allow people to acquire cryptocurrencies with a fair 2.55% fiat on-ramp cost, according to the protocol.
Token prices and NFTs are shown inside the wallet app, and users may mark specific wallet addresses and tokens as favourites to keep tabs on the trading activity that matters to them. Users may also exchange funds on popular DeFi sites like Polygon, Arbitrum, and Optimism.
Thanks to this mobile wallet, customers may access and interact with Uniswap’s services from their cell phones. It is also believed that this increased accessibility may entice new users to the network, thereby increasing adoption and trade volume, which could result in a spike in price.
Experts Discuss the Potential for a Curve Dao Price Increase
Curve Dao is a decentralized trading platform optimized for low slippage and low-cost charge swaps between similar assets. The Curve is an AMM (Automated Market Maker); hence, it relies on liquidity pools and rewards nodes that contribute to the pools. Analysts predict that after all liquidity providers have received their tokens, the total supply of CRV tokens could reach 3 billion.
Over the last 12 months, the price of a CRV, the Curve DAO native token, has been relatively constant. Since its inception, Curve DAO has worked to stabilize its price, despite falling from its initial highs. However, price growth is likely shortly, given the robust 24-hour trading volume of $31.46 million and the current price of $0.8316.
Uwerx (WERX): The High-Flying Crypto Project That Looks Promising for Investors
This rapidly growing cryptocurrency platform with over 5000 sign-ups aims to use blockchain technology to alter the freelancing sector radically. Uwerx uses blockchain technology to decentralize a highly centralized market—the freelance industry.
According to experts, the freelance economy is growing at an annual pace of 78%, with over 57.3 million independent freelancers in the United States alone. By 2027, this figure is anticipated to have risen to 86.5 million. With the imminent alpha version unveiling and the auditing by InterFi Network and SolidProof, Uwerx is dedicated to becoming a trustworthy hub for both businesses and independent contractors.
Investors may get their hands on WERX tokens (the native token) during the current presale for only $0.0315. With the recent update on giving holders a test airdrop, the price is expected to skyrocket soon, yielding a high profit for existing investors. However, experts who follow Web3 developments forecast that the WERX token’s value will rise to $1.8 by the end of Q4 2023.
Presale: invest.uwerx.network
Telegram: https://t.me/uwerx_network
Twitter: https://twitter.com/uwerx_network
Website: https://www.uwerx.network/
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Meet Uwerx (WERX)! The Incredible Presale Sensation That May Surpass Krypton DAO (KRD) and Turbo (TURBO)
With its impressive presale performance, Uwerx is fast becoming a sensation in the crypto community and is set to compete with highly profitable projects like Krypton DAO (KRD) and Turbo (TURBO).
What makes Uwerx stand out is its pioneering concept as the first global blockchain-powered freelance platform. In this article, we will explore the competitive advantages of Uwerx in comparison to other popular projects such as Krypton DAO (KRD) and Turbo (TURBO).
Krypton DAO (KRD): The World’s First Decentralized Community Alliance Platform
Krypton DAO (KRD) is a groundbreaking platform revolutionizing how community governance works. By adopting a DAO governance model, Krypton DAO (KRD) offers a decentralized platform that allows community members to have a say in decision-making processes.
What sets Krypton DAO (KRD) apart from other platforms is that its core members are all from well-known communities or have met the heads of prominent communities, giving them extensive resources and a strong community-building background.
Currently priced at $2.19, with a 24-hour trading volume of $47,088.44, Krypton DAO (KRD) is down 1.86% in the last 24 hours. Despite this temporary setback, the platform’s potential for growth is immense.
Experts predict Krypton DAO’s (KRD) price could reach $4.65 by Q3 2024. This prediction is due to the platform’s innovative approach to community governance.
Turbo (TURBO): A Meme-Based Cryptocurrency Inspired by ChatGPT
Turbo (TURBO) is a meme-based cryptocurrency that takes inspiration from the AI platform ChatGPT. Similar to Pepe (PEPE) and Shiba Inu (SHIB), Turbo (TURBO) aims to provide a fun and innovative way for people to invest in digital assets.
As of today, Turbo (TURBO) trades at $0.001083, with a 24-hour trading volume of $54,682,198. Despite a slight 2.17% drop in the last 24 hours, Turbo (TURBO) is steadily gaining traction in the cryptocurrency market.
Market experts predict that Turbo (TURBO) has the potential to reach a maximum price level of $0.0062 by the end of the year. However, as with most cryptocurrencies, the fate of Turbo (TURBO) largely depends on the community’s backing.
Uwerx (WERX): The Incredible Presale Sensation Taking Over The Crypto Market
Uwerx is a revolutionary platform that provides advanced services to freelancers and their clients at a low cost of only 1%. Unlike traditional platforms that charge a high 20% fee, Uwerx provides unmatched transparency and security by utilizing blockchain technology.
Uwerx ensures the security and protection of freelancers and clients through its advanced payment processing system, establishing a reliable space for all users.
Uwerx will implement a 25-year liquidity lock at the end of its presale to ensure its commitment to the project. The platform has undergone rigorous auditing and certification by SolidProof and InterFi Network.
Furthermore, Uwerx has been listed on CoinSniper and will be listed on Uniswap on August 1st. The newly unveiled Uwerx Vault offers secure token storage and rewards for varying durations, similar to staking, providing a long-term investment opportunity in the Uwerx ecosystem.
Crypto forecasters predict that WERX, Uwerx’s token, may reach $0.90 to $1.50 in Q4 of 2023 and $2.50 in Q1 of 2024. The fifth stage of the presale is ongoing, allowing investors to purchase the WERX token for $0.0225 with a 20% bonus.
Due to the high and exceptional demand for Uwerx, the platform has made some changes to accommodate the increasing demand. The current anticipated launch price now ranges from $0.095 to $0.115, and 57% of the entire token supply, as opposed to 45%, will be available during the presale.
The joining incentive has been raised to 6.5 percent to encourage new users and adoption, and the 15% set aside for user incentives will be decreased to 6.5% to lessen long-term downward selling pressure. With over 4,000 registered users and millions in funding generated, the project is regarded as the best new project of the year.
The Alpha Version of the Uwerx platform is set to be released next week, making it the perfect time to join the winning team using the links below.
Click the Links Below to Join the Uwerx Presale:
Presale: invest.uwerx.network
Telegram: https://t.me/uwerx_network
Twitter: https://twitter.com/uwerx_network
Website: https://www.uwerx.network/
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Lido DAO Cools Down,Traders Look at Uwerx
One of the most profitable schemes in the crypto industry is to join a promising token sale early on, enabling maximum profit potential. In 2023, one such presale by Uwerx seems to be doing just that. Leveraging blockchain, user-centric features, and tapping into one of the biggest global markets (freelancing), Uwerx has all the ingredients to break out big, beating major tokens like Lido DAO (LDO)
Lido DAO (LDO) Seems to be Cooling Down
While Lido DAO (LDO) has been famous for pooling tokens like Ethereum to allow circumventing the 32 ETH stake limit, recently, it has not had much of a positive performance.
Lido DAO (LDO) was $0.95 at the start of 2023 and is above $2 today, showing a good 93% profit. But for latecomers this year who bought it as high as $2.5, they have been at a 27% loss for the past month or so, which obviously has investors nervous.
For people hoping to hold on to it for long-term profits, the picture is not so rosy. Crypto experts have a price prediction of a maximum of $2.69 this year. This might be still good enough for some, but for late entrants, they may never recover their investment in Lido DAO (LDO) if the price prediction is true.
Uwerx (WERX) Will Explode
Uwerx has been in the highlights in recent months. The project is still under development but its craze has reached crypto traders who are rushing after its presale. The project is tapping into the freelancing industry, an economy that is expected to touch $445 billion this year as per Velocity Global.
But if you are thinking it is another freelancing marketplace like Fiverr or Upwork, you are wrong. Uwerx relies heavily on the efficiency and security of blockchain technology to offer a completely different experience.
Just take into account their 1% fee. That’s factors lower than Fiverr (20%) and Upwork (10%)!
But that is just the tip of the iceberg. Integrated tools like task managers Trello, Asana, and others will help freelancers boost productivity. Its native WERX token will help users control the platform (developers have renounced any control in the future when taxes are removed). The platform has also been audited by InterFi Network and SolidProof so there is no chance of a rug pull.
Major updates include Uwerx Vault, a place to store your tokens for as long as you want and a revised tokenomics to factor in the high demand during the presale.
Uwerx (WERX) Price Prediction
The different aspects of Uwerx have the crypto world attracted to it, especially with its presale in progress.
Even with the increased value, crypto traders show interest as they have very positive price predictions for the token, with some values touching $1. That is more than an 82x increase!
Though Lido DAO (LDO) has much potential, recent statistics and price predictions show that traders are preferring Uwerx. With the Alpha Version ready to roll out, the verdict is clear: Uwerx presale right now is the hottest in the industry.
You can join the presale and gain a 20% bonus before the price jumps from $0.0225 by following the links below:
Presale: invest.uwerx.network
Telegram: https://t.me/uwerx_network
Twitter: https://twitter.com/uwerx_network
Website: https://www.uwerx.network
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Lido DAO Price Jumps Over 50% in a Week, Outperforms BTC & ETH Price- Here’s Why
Lido DAO, the Ethereum-dependent Liquid Staking Derivatives (LSD) platform, is spearheading the altcoin surge today with a significant increase. As the indigenous token of the platform, it has demonstrated considerable value to Ethereum stakers even before the Shapella Upgrade, leading to its recent notable price performance. Additionally, the recent network upgrade has sparked bullish sentiment among long-term investors.
LDO Price Witnesses Massive Inflow
The recent surge is driven by the positive momentum in the Lido ecosystem, triggered by the roll-out of Lido V2. This significant upgrade, which has been under development for an extended period, introduced two key features – withdrawals and a staking router – upon its activation.
The recovery in LDO’s price is concurrent with the recent net positive influx into Ethereum’s proof-of-stake (PoS) contract. For example, the net amount of ETH staked in its PoS contract stood at 19.27 million ETH on April 11, just a day before the Shapella upgrade.
This figure dipped to 90,704 a week later, before steadily rebounding, based on data from Nansen. As of May 16, the Ethereum PoS contract held over 20 million ETH, highlighting the rising demand for liquid staking service providers such as Lido DAO. This likely boosted the price of its governance token, LDO, fitting well into the narrative.
The upswing in LDO’s value was also backed by large-scale Lido DAO holders in the days preceding the Lido V2 launch, as per data from Lookonchain. This could imply that the “buy the rumor” strategy potentially played a role in the price surge of LDO.
What’s Next For Lido DAO Price?
The present price behavior of the LDO token reflects significant enthusiasm among Lido DAO ecosystem investors, triggered by this recent upgrade. Data indicates that large-scale holders, or ‘whales’, commenced a notable accumulation phase approximately a week prior.
Analyzing from a technical perspective, LDO’s 50% resurgence originated around the lower trendline of an existing falling wedge pattern. Traditional market analysts typically view a falling wedge as a bullish reversal signal.
As of writing, LDO price trades at $2.24, surging over 3% in the last 24 hours. Historically, the LDO/USD pair has seen similar recoveries, with each bounce back pushing the price towards the upper trendline of the wedge. Now, as the price hovers around this upper trendline again, LDO could either break out or retreat to retest the lower trendline.
If LDO breaks out, the price could surge towards $3.3 in the next few weeks, marking approximately a 50% increase from the current levels. Alternatively, if a pullback occurs, the price could drop to around $1.5, a decline of about 30% from today’s price. This level has previously acted as both a support and resistance point.
DeFi Platform Maker DAO Takes Swift Action to Address $3.1B USDC Risk with Emergency Proposal
The crypto market has again met with another stablecoin collapse after UST as investors are rushing to withdraw their funds. Circle, the issuer of USD Coin (USDC), today announced that it faced challenges in withdrawing $3.3 billion from its $40 billion deposits at Silicon Valley Bank (SVB). As a result, it created panic among investors and brought subsequent sell-off, depegging the USDC from $1. The collapse of USDC has forced several firms to take quick action as DeFi platform Maker DAO recently filed an emergency proposal to prevent its DAI stablecoin from dropping further after being negatively impacted by USDC’s depeg.
Maker DAO’s DAI Stablecoin Becomes the Latest Victim After USDC
Maker DAO, the issuer of the DAI stablecoin pegged to the US dollar, has made an urgent executive proposal to address risks to its protocol. As per a forum post on March 11, the company expressed concern about its multiple collaterals being exposed to the “tail risk” of USDC due to the sudden de-pegging of the stablecoin that began today. Maker DAO currently holds over 3.1 billion USDC in collateral supporting its DAI stablecoin.
The proposed Maker DAO emergency plan involves several actions to mitigate risks to its protocol:
- It suggests reducing the debt ceiling of UNIV2USDCETH-A, UNIV2DAIUSDC-A, GUNIV3DAIUSDC1-A, and GUNIV3DAIUSDC2-A liquidity provider collaterals to zero DAI.
- The plan recommends lowering the daily minting limits of its USDC peg stability module from 950 million DAI to 250 million DAI and introducing a 1% fee to prevent the excessive dumping of USDC.
- The daily minting limit of the GUSD stablecoin module may also be reduced from 50 million DAI to 10 million DAI if the proposal is accepted.
Maker Aims to Eliminate Exposure to Curve and Aave
Maker DAO is considering entirely eliminating its exposure to decentralized finance protocols Curve and Aave. According to the company, Curve’s fixed $1 price for USDC presents a risk of insufficient debt accrual and potential bank runs, leading to market insolvency if the USDC’s market price drops significantly below the current collateral factor. Though Aave does not pose such risks, Maker DAO states that its overall risk-reward for depositing funds into the D3M is not advisable under current conditions.
The proposed emergency plan by Maker DAO also includes increasing the protocol’s debt ceiling for the Paxos-issued stablecoin, USDP. The ceiling would be raised from 450 million DAI to 1 billion DAI. The firm said,
“Paxos has relatively stronger reserve assets versus other available centralized stablecoins, consisting primarily of U.S. treasury bills, reverse repurchase agreements collateralized by U.S. treasury bonds. They face relatively lower potential for impairment versus other available stablecoins.”
The proposal has been put forth to the Maker DAO community for voting, and if accepted, it will be implemented immediately. The swift action taken by Maker DAO to address the USDC risk demonstrates its commitment to maintaining the stability of its protocol and ensuring the safety of its users’ funds.
Lido Dao Stabilizes Amidst Volatility, Binance Avoids US scrutiny, while TMS Network Culminates Presale stage 1 early
The year 2023 presents several promising prospects for investors to regain their financial losses. Among the noteworthy ventures garnering attention is TMS Network (TMSN). This project has recently commenced its presale, and has witnessed an unprecedented surge in demand. TMS Network (TMSN) prides itself as having the most cutting-edge decentralized trading hub that serves multiple purposes. However, the question remains if it can hold its ground against established coins such as Lido DAO (LDO) and Binance (BNB). Keep reading to discover more.
Lido Dao (LDO) Stabilizes Amid Volatility
Lido DAO (LDO) is a decentralized platform that offers a secure and reliable solution for staking Ethereum.
Lido DAO (LDO) is a widely recognized liquid staking solution designed to improve the Ethereum blockchain. Lido DAO (LDO) offers users the ability to stake their ETH without any minimum deposits, and without the need to manage infrastructure.
Lido DAO’s native token, LDO, has demonstrated consistent growth since the beginning of 2023.
With the expanding significance of staking in the Ethereum network, and the increasing popularity of decentralized finance (DeFi), Lido DAO (LDO) is well-positioned for continued success, particularly with the upcoming Shanghai upgrade.
Lido DAO’s (LDO) current price is marked at $2.74, and is expected to improve further.
Binance (BNB) Avoids U.S. Scrutiny for Regulated Crypto Exchange
Binance (BNB), a prominent global cryptocurrency exchange, has taken measures to mitigate the risk of facing legal action from US authorities by establishing a US-based entity in 2019, according to the Wall Street Journal.
Since 2020, Binance (BNB) has been under investigation by the Department of Justice and Securities and Exchange Commission regarding its relationship with Binance.US.
According to sources familiar with the matter, subpoenas have been issued in this regard. If the US regulators find that Binance (BNB) has control over its US entity, they may claim the authority to monitor its entire business.
In response to the issue, a Binance (BNB) spokesperson stated in an email to Reuters that they have acknowledged the lack of adequate compliance and controls during the early years. However, they emphasized that the company has undergone significant changes in terms of compliance.
The increasing scrutiny on Binance (BNB) is evident from the recent request by three US senators demanding regulatory compliance and financial information from Binance (BNB) and Binance.US.
As per Reuters, Binance.US was created as an indirect subsidiary to shift the attention of US regulators away from Binance.com.
TMS Network (TMSN) Begins Presale
In the highly competitive world of cryptocurrency, establishing a strong reputation can prove to be a formidable challenge. Nevertheless, TMS Network (TMSN), a decentralized exchange, has succeeded in capturing the attention of investors through its impressive trading solutions. With $2.5 million raised in both public and private funding, TMS Network (TMSN) demonstrates remarkable potential.
The appeal of TMS Network (TMSN) lies in its decentralized structure, which is built on the Ethereum blockchain. This provides users with exceptional security, transparency, and immutability.
Additionally, TMS Network (TMSN) offers competitive trading fees and revenue-sharing rewards that empower traders to maximize their profitability. These features have generated considerable excitement among investors, and makes TMS Network (TMSN) a worthy choice to invest in.
So, here’s the scoop: Lido DAO (LDO), Binance (BNB), and TMS Network (TMSN) are all crypto coins that are turning heads in the blockchain world. Thus, there’s a good chance their value could skyrocket in 2023 and keep climbing after that.
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Curve DAO (CRV) Price Prediction 2023, 2024, 2025, 2026
The crypto sphere had seen astounding growth trajectories in the bygone year. A host of revolutionary projects came into action to offer investment opportunities. Successively, the Curve DAO has been a project that intends to cater to users who are connected with DeFi activities. Like liquidity mining and yield farming.
The platform intends to profit traders who wish to maximize their returns by hodling stablecoins. Are you one of the many who are keen on investing in CRV, but doubtful of its returns? Fear not, as this writeup will illustrate the possible price predictions of the altcoin for 2023 and the years to come.
Market Top Gainer 
Overview
| Cryptocurrency. | Curve DAO. |
| Token. | CRV. |
| Price. | $1.36 |
| Market Cap. | $715,532,291 |
| Trading Volume. | $150,208,613 |
| Circulating Supply. | 526,087,382.80 CRV |
| All-time high. | $60.50, (Aug 14, 2020) |
| All-time low. | $0.3316, (Oct 25, 2020) |
Curve DAO Price Prediction 2023 – 2030
What Is Curve DAO?
The curve network is a Decentralized exchange for stablecoins that employs an automated market Maker Dao (AMM) in order to supervise and manage liquidity. Moreover, the platform intends to offer a convenient way to swap cryptocurrencies without any financial advisory.
Curve DAO is an ERC-20 token deployed on the Ethereum mainnet. The cryptocurrency has been a governance token of the Curve Finance platform. The holders of the token are allowed to vote for any minor or crucial updates to the protocol. However, the traders could lock their CRV token in the Curve locker, and they would be rewarded for staking.
Curve Finance has two primary use cases, staking and swapping cryptocurrencies with the integration of more than 42 distinct liquidity pools. The tokens included in the pool are USDT, DAI, USDC, ETH, WBTC, LINK, and MIM, amongst others.
CRV Price Forecast 2023
If the protocol rises in prominence and works towards growing its user base and volumes, coupled with possible adoptions and collaborations materializing, and manages to carry forward a bullish stance and sees the DAOs flourishing. This could escalate CRV’s price to new heights.
The price of CRV could surge as high as $1.68. On the flip side, bearish trends could drag the price down to $0.79. Successively, an equilibrium in trading pressures might settle the price at $1.23.
| Price Prediction | Potential Low ($) | Average Price ($) | Potential High ($) |
| 2023 | 0.79 | 1.23 | 1.68 |
Curve DAO Price Prediction 2024
Curve DAO could witness a parabolic rise in adoptions and investments. If the crew behind the project employ necessary resolutions to the framework and community-driving events. In such a case CRV holds the potential to catapult to a maximum of $2.59.
In contrast, failing to garner the interests of investors amidst stiff competition, the price might slump down to $1.54. Consequently, the regular price might find its base at $2.06.
| Price Prediction | Potential Low ($) | Average Price ($) | Potential High ($) |
| 2024 | 1.54 | 2.06 | 2.59 |
Curve DAO (CRV) Price Prediction 2025
The massive explosion in DeFi space would confirm the Curve’s vitality in the long term. In addition, if the protocol showcases its longevity with huge profits on large amounts of liquidity.
The CRV price could soar to a maximum price of $3.71. That said, the minimum and average possibilities for the asset would be at $2.38 and $3.04 respectively.
| Price Prediction | Potential Low ($) | Average Price ($) | Potential High ($) |
| 2025 | 2.38 | 3.04 | 3.71 |
Curve DAO Price Prediction 2026 – 2030
| Price Prediction | Potential Low ($) | Average Price ($) | Potential High ($) |
| 2026 | 3.44 | 4.23 | 5.02 |
| 2027 | 4.38 | 5.17 | 5.96 |
| 2028 | 5.07 | 5.81 | 6.55 |
| 2029 | 5.83 | 6.65 | 7.38 |
| 2030 | 6.71 | 7.84 | 8.97 |
Curve DAO Price Forecast 2026: According to our analysts, CRV coin price prediction for the year 2026 could range between $3.44 to $5.02 and the average price of Curve Dao could be around $4.23.
CRV price prediction 2027: According to our analysts, Curve Dao price for the year 2027 could range between $4.38 to $5.96 and the average price of CRV could be around $5.17.
Curve DAO Prediction 2028: According to our analysts, CRV crypto prediction for the year 2028 could range between $5.07 to $6.55 and the average Curve Dao coin price could be around $5.81.
CRV coin price prediction 2029: According to our analysts, Curve Dao’s forecast for the year 2029 could range between $5.83 to $7.38 and the average CRV coin price could be around $6.65.
Curve DAO Price prediction 2030: According to our analysts, CRV predictions for the year 2030 could range between $6.71 to $8.97 and the average Curve Dao price could be around $7.84.
CoinPedia’s CRV Price Prediction
The curve has been one of the revolutionary projects that attempt to offer maximum rewards. By enabling maximum profits without risk by holding non-volatile stablecoins.
According to CoinPedia’s formulated CRV price prediction. If the network introduces new upgrades such as liquidity mining and staking and more related to DeFi. The price may reach a maximum of $1.68 this year. If the network fails to accomplish its plan, then the price would fall into the bearish trap and would dip to $0.79.
What Does The Market Say?
| Firm Name | 2023 | 2024 | 2025 |
| Wallet Investor | $0.0785 | $0.125 | $0.164 |
| priceprediction.net | $1.31 | $1.93 | $2.86 |
| DigitalCoinPrice | $1.90 | $2.31 | $3.16 |
*The aforementioned targets are the average targets set by the respective firms.
Curve Finance is an exchange liquidity platform on the Ethereum blockchain. It is a well-known automated market maker environment that offers an extremely efficient approach to exchanging tangible cryptocurrency assets, maintaining low fees and low slippage by only adapting to liquidity pools built of similarly behaving assets. Curve Finance was founded by Michael Egorov in 2018 and is headquartered in Switzerland.
The platform is designed for swapping stablecoins, enabling investors to avoid more unstable crypto assets, and offers a wide-ranging category of stablecoins such as USDT, DAI, USDC, and BUSD. The platform is primarily used to encourage liquidity providers on their platform and to get as many users as possible engaged in the governance of the protocol.
Curve Finance has already made a large achievement in developing AMM’s decentralized exchange. The Curve Finance DAO will provide assistance in deciding future pool confine changes and estimate weights, which will determine how much CRV is shared for each pool. Curve Finance has recently added cross-chain support for Curve on Fantom and is willing to work on bringing Curve to Polkadot.
Fundamental Analysis
The Curve platform was launched in January 2020. In August 2020, the network introduced a decentralized autonomous organization (DAO), with CRV as its native token. The platform was founded by Russian scientist Micheal Egorov. The founder has accumulated a thorough knowledge in regard to cryptocurrency-related organizations. He is presently serving as the CEO of the platform.
In 2015, the founder put his efforts into building a cryptocurrency business platform called NuCypher. He further gained experience in developing privacy-preserving cryptocurrency infrastructure and protocols. Moreover, he is also the founder of Loancoin, a decentralized bank, and loans network.
Curve Dao Historic Market Sentiments 2020 – 2022
- Curve DAO platform went live in August 2020. Despite the lack of announcements and upgrades, the CRV price managed to trade with positive volatility.
- However, bearish dominance flipped the price to trade around $0.64 for the rest of the year.
- The Curve DAO price had embarked to the year 2021 by oppressing the bearish dominance of late 2020.
- The protocol had soared more than 300% from $0.46 to $3.55 in January.
- However, the Chinese market crash in May depreciated the price action to $1.3. The asset remained range-bound until September.
- The Curve DAO price had kickstarted the quarter with a parabolic move. The asset had managed to traverse in an uptrend line and claimed resistance at $4.7.
- After ranging south to $3.718 until the 22nd of November. A spike in volumes helped the price brush $6.279, by the 25th of November.
- A downswing took the price to $3.438, by the 13th of December. Thereafter, an upswing assisted CRV to close the annual trade at $5.659.
- CRV had entered the year with a price tag of $5.303. The altcoin had initiated a bullish leg-up starting from the first day of the year itself. But the leg-up was short-lived as a downswing escorted the price to its first bottoms at $4.020 by the 10th of January.
- The market-wide sell-offs led to the crypto asset finding support at $2.856 by the 22nd of January. Post a series of accumulations until the 10th of February. Torments in the business dragged the price back to $2.894, by the 12th of February.
- After a short-term rebound to $3.249, a downswing in the business led to the price finding support at $1.962. Thereafter an uptrend led to the first quarter’s trade closure at $2.657.
- The second quarter was a tough sail for the crypto industry, as torrential lashes dragged the assets to multi-month bottoms. CRV lost over 80% of its gains until the 18th of June. Thereafter a spike in volumes helped the digital coin close its trade for the second quarter at $0.715.
FAQs
It can be predicted that it is Profitable to invest in Curve DAO for the long term as it intends to offer stable gains.
The CRV coin is expected to surge to a maximum of $1.68 by the end of 2023.
If the star’s incline in favours of the crypto asset, the price could surge as high as $3.71, by the end of 2025. With a potential surge the price may go as high as $8.97 by the end of 2030.
The All-time High (ATH) of CRV is at $60.50.
Curve DAO (CRV) is available for trade on major crypto exchanges like Binance, Huobi Global, CoinTiger, KuCoin, etc…
Lido DAO (LDO) Price to Face a 41% Decline If Breaches This Level
The price of Lido DAO (LDO) has fluctuated wildly over the past few days amid speculations that the US Securities and Exchange Commission may ban US cryptocurrency firms from offering staking services.
After witnessing a massive spike over the last four days, Lido Dao token is currently trading in the red at $2.57. Over the past 24 hours, the token has decreased by 7.53%. The utility and governance token for the Lido Decentralized Autonomous Organization (DAO), which governs the Lido Ethereum liquid staking protocol, has gained more than 35% in value over the past 30 days and 27% over the previous week.
Over the last few days, the Lido DAO token strengthened, reaching an intraday high of $2.82, despite the momentary and brief decrease. This was due to continued developments in the Lido network.
However, the Lido DAO price has to record a close above the $3 psychological threshold in order to confirm an uptrend. It should be recalled that in August, the price was rejected from this level and then fell 41% to $1.74.
Why was Lido DAO’s price increasing?
The Ethereum network’s Shanghai upgrade, which will enable staked Ether to be withdrawn from liquid staking protocols like Lido, increased interest in Lido DAO this week. The liquid staking protocol Lido is also planning to introduce staking reward withdrawals and better staking infrastructure with the release of the Lido v2 version. This was considered to be another crucial factor that affected Lido DAO coin pricing.
Beyond Multisig: Decentralizing DAO Governance
A DAO is supposed to demonstrate how organizations can be decentralized and autonomous by, among other things, letting the community govern the DAO effectively and democratically. But is that actually happening?
Looking at DeepDAO’s data, out of over 6 million governance token voters among all the DAOs, only 1.7M are active voters. Worse yet, only 81 DAOs (out of nearly 11,000) have more than 10,000 governance token holders. This results in even the biggest DAOs with significant treasuries and functioning products to have only a handful of people govern the DAO. And that’s centralizations. Are there better ways?
Multisig: Gnosis Safe
The most common way to govern a DeFi treasury is by using a multisignature (multisig) wallet where a certain minimum number of signatures are required for a decision to count, e.g. for funds to be released or for a vote to take place (since you can vote via your wallet address in the pseudonymous world of crypto).
Gnosis Safe has emerged as the most popular and trusted such multisig mechanism. While technically sound and backed by a highly-skilled and active team, Gnosis’ actual implementation is often limited to a few individuals within each organization — not the entire DAO member community. And there are hardly any good alternative multisigs on the horizon. Yes, it is understandable that founders want to allow multisig wallet access only to the most trusted individuals, but that does undermine the decentralized and autonomous nature of DAOs.
Rewards
Being signatories to multisig wallets like the Gnosis Safe could be very rewarding since Gnosis rewarded SAFE creators with the GNO token drop and a number of other airdrops could be tied to one being a signatory. But that means that the members not part of the multisig are missing out not only on governance but also on airdrops and other potential rewards. Moreover, control of the wallet is control of the treasury, which makes it instrumental in determining how treasury funds (including dividends from the DAO’s revenue streams) is distributed. In short, access is power.
Quorum
The flipside of a trusted small group of multisig signees is that allowing a pure majority of votes to decide everything tends to lead to populism or control by the biggest token holders (whales) at the expense of the smaller ones.
This can be mitigated by setting quorums of just how big of a turnout is needed for a vote to count, but those are not easy to finetune. It’s so tricky that many current efforts leave many DAO members not qualifying and/or not motivated to participate in governance, i.e. get effectively excluded from the process.
Is there a way forward?
Crypto is a fast-developing field in both technical and organizational implementations. Good tools can be improved and fine-tuned, and new ones are being developed all the time. While there may not be a perfect solution on the market just yet, there are some promising ones coming out soon.
One to keep an eye on is DeXe DAO’s protocol that will allow the creation of a flexible DAO without any coding and with mechanisms for governance that’s inclusive and motivating. DeXe’s protocol allows for layers of voters with different weight and access levels that can be adjusted via on-chain proposals. It offers similar flexibility with quorums, rewards, vote durations, and more. DeXe’s approach seems to be that there is no “perfect” one-size-fits-all solution, but one that can be transparently and easily customized both at the inception of the DAO and down the road is one that can give power to DAOs to reward members properly and motivate them to actively make the DAO better.
In effect, DAO voting is a more scalable version of the multisig wallet. Once that can be done on-chain and with enough flexibility to work for each DAO’s individual situation, that should encourage wider member participation and a more inclusive DAO framework.
Founder Justin Sun Explains TRON’s Unique DAO And DPoS Consensus Mechanism
In 2021, H.E. Justin Sun, Founder of the TRON blockchain, wrote an open letter to the TRON community in which he explained TRON’s transition to becoming a fully decentralized autonomous organization (DAO). According to Sun, the blockchain protocol had become “essentially decentralized” and would rely on community governance from holders of TRON’s native TRX token.
“This marks TRON’s entry into a new era of decentralization. Personally, as an ordinary member of the TRON protocol community, I will continue to support and encourage the development of TRON and its decentralized community. I hope that my TRON community friends will continue to work together and propel the TRON platform into an evermore prosperous, thriving ecology,”
– wrote Sun.
He went on to explain that a cornerstone of TRON’s philosophy has always been to empower users with a secure, decentralized blockchain that respects data privacy, and a DAO is ideally suited for this purpose.
“Unlike centralized platforms, and despite achieving significant success and social impact, we have never curated any user data in the TRON blockchain, nor do we have any right to do so. As the whole world confronts rising social issues caused by big tech data monopolies, TRON’s success in empowering its community is uniquely significant, and we will continue to herald that change.”
Founded in 2017, Justin Sun’s TRON was one of the first platforms to utilize smart contract technology to enable blockchain-based development of a variety of decentralized apps (dApps), distinguishing it from blockchains such as bitcoin’s, which is used exclusively for the exchange of tokens.
TRON was also one of the first blockchains to utilize a proof of stake (PoS) consensus system to validate nodes on its chain, a method that’s become increasingly attractive to crypto and blockchain enthusiasts due to its potential to avoid the high energy consumption associated with proof of work (PoW), the traditional validation system used on the bitcoin blockchain.
The upside of these two features of the TRON blockchain, its smart contract capabilities and PoS validation system, will be crucial to the blockchain’s mainstream adoption and evolution as a fully decentralized protocol.
According to Justin Sun, decentralization is the future of crypto and blockchain technology, and TRON is positioned as a leader in this decentralization effort, due both to its capability to produce the dApps that will power a decentralized Web3 and to its commitment to a DAO grounded in a proof of stake consensus mechanism.
“I’m a big believer in the spirit of DAO,” said Sun in a recent conversation with Jeremy Allaire, CEO of stablecoin developer Circle. “It’s one of the biggest use cases for the blockchain.”
Sun explained that a decentralized, on-chain voting system has the potential to ensure democratic transparency, speculating that the technology could even eventually be used in government elections.
“If everyone voted on blockchain, we would not have disputes in elections, which these days happen very frequently,” said Sun. “We wouldn’t have these kinds of disputes anymore because every transaction, every voting system would be purely on-chain, so it’s fully transparent.”
For now, however, Sun is focused on ensuring TRON’s DAO is as decentralized and democratic as possible, designing a system built to encourage more egalitarian participation in the community through an approach known as delegated proof of stake (DPoS).
How Does TRON’s Delegated Proof of Stake Work?
PoW validation systems require computers to solve complex cryptographic problems to add a block to the blockchain. Once the block is validated, the transactions it contains are immutable and visible to anyone on the chain. The miners who solve the problem and validate the block are rewarded with cryptocurrency, for example, bitcoin.
In a PoS system, blocks are added to the chain using staked assets from holders of on-chain tokens. Validators stake their tokens, making them available for the chain to use to generate the consensus required to validate a block. In exchange for temporarily offering their tokens for this use, validators are rewarded with more crypto.
Proponents of the PoS system argue that the approach is much more sustainable than PoW, which requires computers using massive amounts of electricity throughout the mining process. PoS doesn’t involve mining, and it is thus seen as a more sustainable approach.
In implementing a DPoS system for TRON, Justin Sun sought to build on the basic concept of PoS to create a more democratic, community-driven approach. While traditional PoS systems often enable only users with large amounts of tokens to serve as validators, TRON’s DPoS system implements a democratic voting process to select validators, with any holder of TRX eligible for election by other members of the TRON DAO. TRX holders cast their vote using TRX, with one token equaling one vote, and representatives are elected only after receiving over 100 million votes. Once elected, 27 “super representatives” serve as validators, with elections held to replace the representatives every six hours. Each of the super representatives receives equal compensation for their role.
As Sun explains, this system distributes power more evenly than a traditional PoS, empowering the TRON community as a whole and not only a select few of those who hold the most tokens.
In discussing the early iteration of the system on Twitter in 2019, Sun explained it as a “fair, decentralized distribution of staking revenues, encouraging greater user participation and smoother engagement with staking from more wallets, exchanges, and partners.”
He also noted that it would create “greater voter turnout, along with higher stake ratio across the network, which will bring about a more active community and a more robust network economic system, increasing the lock-up amount from users within the #TRON ecosystem.”
This prediction seems to have come to fruition, with TRON surpassing 4.6 billion network transactions in January 2023 and reaching a total value locked of $9.3 billion and more than 135 million accounts created.
Next Steps for Justin Sun and TRON DAO
Amid TRON’s transition to becoming fully decentralized, H.E. Justin Sun accepted a new role as permanent representative of Grenada to the World Trade Organization. In this role, his goal is to spread the message of the benefits of blockchain technology for the global economy. He’s also been appointed to the global advisory board of Huobi, a crypto exchange that dominated the Chinese market prior to China’s crypto trading ban and that’s now pursuing broader international reach.
TRON has become one of the world’s largest DAOs, with the community working on use cases in areas such as decentralized finance (DeFi), gaming, and stablecoins.
In 2022, TRON launched the USDD stablecoin, and the platform has become one of the largest hosts of stablecoins in the blockchain space. Sun continues to advocate for the benefits of these coins pegged to the value of fiat currencies and designed to protect holders from fluctuating token prices. He sees the stablecoin as foundational to mainstream adoption of crypto as developers continue to build a decentralized ecosystem.
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Snowfall Protocol Stands Out With Its Presale Success While Curve Dao And Hedera Fail To Gain Traction
The crypto market is no stranger to volatility. In the past year, we’ve seen prices skyrocket and then come crashing down.
While this can be frustrating for investors, it also presents opportunities for those who are quick to act. Snowfall Protocol (SNW) is a new entrant into the world of cryptocurrency, and is already making waves. The protocol offers a number of advantages over its competitors, including Curve Dao (CRV) and Hedera (HBAR). In this article, we’ll discuss what those are and why investors are moving away from the other tokens.
Curve Dao’s (CRV) 17 million token short leads to price declines
Curve Dao (CRV) stands out from other decentralised exchanges because it only deals in stablecoins and wrapped cryptocurrencies. Since the beginning of the year, the Curve Dao (CRV) token has fallen dramatically after previously recording a significant increase. Despite recovering from its initial drop following its launch, Curve Dao (CRV) has not returned to its previous high point. On November 4th, Curve Dao (CRV) hit a high of $1.06 but has since fallen back.
The low price of the Curve Dao (CRV) token was $0.40 on November 22. The token has recovered slightly since, pushing CRV to a price of $0.62, at the time of writing. Curve Dao (CRV) price is up 50% in the previous 24 hours but down 30% over the previous month.
An alleged “coordinated attack” on the CRV cryptocurrency has surfaced in recent days. A user whose actions are alleged to involve a short of 17 million Curve Dao (CRV) has garnered attention from crypto enthusiasts, which could be leading to price declines.
Hedera (HBAR) in a downward 2022 spiral
The Hedera (HBAR) price hit a new all-time low of $0.07503 in May, after dropping to $0.1927 in April 2022. The key reasons for Hedera’s (HBAR) decline at the time were the depegging of the UST stablecoin and the collapse of the linked LUNA crypto.
These events rattled the market, sending Hedera (HBAR) prices tumbling. Although prices bounced back somewhat afterward, Hedera’s (HBAR) bear market was confirmed in June when word broke that Celsius Network (CEL), a cryptocurrency lending platform, had suspended withdrawals.
After the FTX (FTT) exchange’s failure caused a market crash, Hedera’s (HBAR) price dropped to its current level of $0.0428 on November 9th. In the medium term, experts’ predictions for the price of Hedera (HBAR) are bearish. By December 24, 2022, Hedera (HBAR) could drop to $0.039037, according to reports.
Snowfall Protocol (SNW) surpasses expectations
Investors are flocking to Snowfall Protocol (SNW), a blockchain solution that focuses on supporting many chains at once. Surpassing the expectations of both bulls and bears, Snowfall Protocol (SNW) saw its value soar by 600% over the course of two months.
Snowfall Protocol’s (SNW) price has increased exponentially from $0.025, at the beginning of the second round of presale, to $0.060 at the token’s current market value. The third round of Snowfall Protocol’s (SNW) presale is projected to see a 250% increase in price, which is now trading at $0.095. In the first phase, 95 million Snowfall Protocol (SNW) tokens were bought.
The second phase sold over 100 million tokens, even before the final deadline. Snowfall Protocol’s (SNW) price is expected to climb further by over 5000% by the time of launch. It’s not too late to invest in Snowfall Protocol (SNW) and reap benefits as the third presale phase starts soon.
Get in while you can and invest in Snowfall Protocol (SNW) today!!!
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Snowfall Protocol enters the DeFi market, giving Lido DAO and Bitcoin Cash a run for their Money!
Snowfall Protocol (SNW) has recently made its debut in the DeFi space and has since been grabbing eyeballs for its incredible performance. Analysts and investors have now started questioning whether Lido (LDO) and Bitcoin Cash (BCH) even stand a chance against this debutante.
Let’s take a closer look at what Lido (LDO), Bitcoin Cash (BCH), and Snowfall Protocol (SNW) bring to the table.
What is Lido DAO (LDO)
Lido DAO (LDO) is designed to be a liquid staking solution for Ethereum, through which users can stake ETH tokens with no minimum deposits or infrastructure maintenance. The staking rewards from these deposits can be used without lock-ups across the DeFi ecosystem. The Lido DAO builds liquid staking services and is responsible for governing the direction of Lido.
The native utility token of Lido DAO is LDO, which is used to grant DAO governance rights, manage fee parameters and distribution, and govern the addition and removal of Lido DAO node operators.
What is Bitcoin Cash (BCH)
Bitcoin Cash (BCH) is a decentralized peer-to-peer electronic cash system that enables swift payments with high transaction capacity (big blocks), privacy, and micro fees. Bitcoin Cash (BCH) blocks can go up to 32 MB, thus ensuring faster and less expensive verification of BCH transactions even as the network keeps growing.
BCH is the native token of the Bitcoin Cash (BCH) system. Users can make Bitcoin Cash (BCH) payments directly from one person to another, just like physical money, but without any interference from centralized payment processors or banks.
What is Snowfall Protocol (SNW)
The Snowfall Protocol (SNW) is a multi-chain interoperability protocol that enables secure cross-chain transactions and asset transfers between blockchains. It is built for fungible and non-fungible tokens. The mission of the Snowfall Protocol (SNW) is to enable simple and secure participation for everyone in the DeFi and cryptocurrency ecosystem.
The Snowfall Protocol dApp allows users to swap assets across EVM and non-EVM compatible chains, thus enabling communication with all blockchains.
The governance token of the Snowfall Protocol is SNW that gives users the right to vote on improvement proposals within the Snowfall DAO. SNW also serves as a utility token, giving users access to fee discounts on snowfall bridges and entry to weekly or monthly raffles.
Which token shows more potential? LDO, BCH, or SNW?
Lido DAO (LDO) reached its all-time high price of $11 on 16th November 2022. Today, a year later, the price of Lido DAO (LDO) has dropped drastically to $1.22—a reflection of the declining interest in Lido DAO’s offerings.
Bitcoin Cash (BCH) reached its all-time high price of $4,355.62 on 20th November 2017. Today, five years since then, the price of BCH has dropped to $102.60.
SNW was launched as the governance and utility token of the Snowfall Protocol, with 95,000,000 SNW tokens available at $0.005 per coin in the first presale stage. SNW increased by 80%, reaching a price point of $0.009 and eventually going as high as $0.015 by the end of the first presale stage.
On 2nd November 2022, SNW entered its second presale stage, selling at $0.025. This success of SNW in the first two stages is predicted to remain consistent in the third (last) stage, too. Based on customer purchasing behavior, the SNW price is expected to touch $0.075 by the end of the token’s last presale stage.
The Snowfall Protocol may be a newcomer in the DeFi space, but the numbers don’t lie!
In contrast to the declining performance of Lido DAO (LDO) and Bitcoin Cash (BCH), the Snowfall Protocol (SNW) is only showing positive growth, both in terms of token price and buyer sentiment. With the price point still affordable and the protocol giving away up to 5 million tokens, now is the best time to buy into the success of the Snowfall Protocol.
Learn more about Snowfall Protocol (SNW):
Website: https://snowfallprotocol.io
Telegram: https://t.me/snowfallcoin
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.
Aave, Lido DAO and Snowfall Protocol Are Top Gainers!
The world of decentralized finance, or “DeFi” for short, is growing by leaps and bounds. In this ever-expanding landscape, it can be difficult to keep track of all the latest developments. That’s why we’re here to help!
In this blog post, we’ll take a look at three DeFi projects that are trending right now: Aave (AAVE), Lido DAO (LDO), and Snowfall Protocol (SNW). Each of these projects has something unique to offer, so read on to learn more!
DeFi Expert Insights: Aave (AAVE)
Aave (AAVE) is a protocol for lending and borrowing cryptocurrency. As one of the most popular DeFi protocols currently in operation, Aave (AAVE) has built a reputation for being both user-friendly and feature-rich.
One of the most unique features of Aave (AAVE) is that it offers “flash loans”. A flash loan is a type of loan that can be taken out and repaid in a single transaction. This makes flash loans ideal for short-term borrowing or for use in complex arbitrage strategies.
Aave (AAVE) is one of the oldest and most well-established protocols in the DeFi space. It has a strong community of users and developers and is constantly adding new features and improving its platform. If you’re looking to invest in a DeFi platform that has been proven to be effective and user-friendly, Aave (AAVE) is a great option to consider.
DeFi Expert Insights: Lido DAO (LDO)
Lido DAO (LDO) is not as well known as Aave (AAVE) or some of the other major DeFi protocols. However, it is a very interesting project with a lot of potential.
Lido DAO (LDO) is a decentralized autonomous organization (DAO) that is focused on providing liquidity to the DeFi space. Lido DAO (LDO) does this by creating and managing liquidity pools. These liquidity pools are used to provide collateral for loans and other financial transactions.
As a community that builds liquid staking services, Lido DAO (LDO) aims to make it easy for users to earn interest on their crypto assets. Lido DAO (LDO) is a relatively new project, but it has already made a lot of progress. It is one to watch out for in the future!
DeFi Expert Insights: Snowfall Protocol (SNW)
Snowfall Protocol (SNW) is a protocol that allows communication between different blockchains. It is designed to remove technical barriers and allow every user the same ability to engage with their favorite projects. By enabling co-operability for the blockchain industry, decentralized finance (De-Fi)
is brought to a new standard because users will no longer be limited to the features of one blockchain.
The protocol has many use cases, but the most important one is that it enables trustless cross-chain swaps. This means that users will be able to swap assets between different blockchains in a user-friendly manner.
Snowfall Protocol (SNW) is solving what Rome solved. By uniting the world under one protocol, it will make it easier for people to use different blockchains and participate in the DeFi ecosystem.
Within its first few weeks of the presale, due to its unique co-operability model, Snowfall Protocol (SNW) has seen more than a 30% increase in value from buyers. Some experts are saying that Snowfall Protocol (SNW) has the potential to grow exponentially by the time it is launched (5000%).
The price of Snowfall Protocol (SNW) is now $0.015 and other leading analysts are convinced that Snowfall Protocol (SNW) has the potential to increase in value by 1000x. Thus, you must click on the links below to learn more!
Website: https://snowfallprotocol.io
Telegram: https://t.me/snowfallcoin
Presale: https://presale.snowfallprotocol.io
Twitter: https://twitter.com/snowfallcoin
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Passed Burn Proposal Could Send DAO Uniglo.io Straight into Top 100 on Launch
Uniglo’s community has made its first major collective decision by voting to burn all remaining tokens leftover from the launch, a move that will see native token GLO make great gains and has the potential to catapult Uniglo into the top 100. Watch closely, and purchase soon if you are interested in this unique project.
Uniglo.io Burn Proposal Passed
The Uniglo vote on the burn event is the project’s first major democratic decision, certainly not the last for this social currency. Holders can expect to have a say on a wide range of topics, but most importantly, what to buy and hold in the GLO Vault. The Vault is multi-asset backed, meaning it will house not only digital assets like NFTs and cryptocurrency but also real-world treasures like fine art, gold, collectibles, and class cars – anything that typically could be expected to appreciate in value over time. A varied spectrum of assets, therefore, underpins the value of GLO. Users will vote to buy GLO to burn, allowing them to boost the floor price. GLO also benefits from its special Ultra-Burn mechanic, which employs a 2% transaction tax to be burned immediately. The pool of GLO will be ever shrinking at a rate that increases as the token is more widely adopted and used up with trading.
DOGE
Dogecoin is one of those projects that has earned its place in cryptocurrency history, defying naysayers and delivering massive profits back to those who committed early. DOGE reached its all-time high of $0.7 in May 2021 and generally continues to perform well, especially as the favored cryptocurrency of billionaire Elon Musk. DOGE currently sits at number 10 in the top 100.
SHIB
Shiba Inu is another meme-coin that reached the heights of fame and success, enough to rival Dogecoin. Despite humble beginnings as a fun currency, Shiba Inu continues to announce developments like Shibaswap, introducing two new tokens, LEASH, and BONE. SHIB is number 14 on the top 100 listings.
Conclusion
Projects like Dogecoin and Shiba Inu were never expected to take up places in the top 100, yet these protocols defied the odds and remain strong contenders on the market. With this in mind, think about how well a project like Uniglo, with a genuine use case and strong burn system, will perform in the future. Next stop: Top 100. Get involved with presale now while limited allocation lasts.
Learn more:
Join Presale: https://presale.uniglo.io/register
Website: https://uniglo.io
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DeFi Protocol Olympus DAO Hacked! Hackers Drained Over $300K Through Smart Contract Exploit
The crypto sector has brought massive returns since its inception, and it has become the first choice of investment option due to its futuristic vision and revenue potential. However, hackers also seek to make maximum profits out of this industry as loopholes and exploits have grabbed their attention.
Recently, a leading DeFi protocol Olympus DAO has come across a smart contract exploit that enabled fraudsters to steal over $300K from the protocol.
Olympus DAO Faces A Smart Contract Difficulty
According to a security firm Peckshield, a hacker nearly drained over 30,437 OHM tokens (almost $300,000) from the DeFi protocol. Hackers were able to execute such a massive amount by getting a loophole in the network’s smart contract system on the Ethereum blockchain. The hack took place at 1:22 a.m. ET today.
According to Olympus DAO’s officials, the exploit was conducted when a contract on the network failed to authenticate the hacker’s malicious crypto transfer request.
The malware-affected contract was “BondFixedExpiryTeller,” which is used to execute open bonds programmed in the Olympus DAO’s native cryptocurrency OHM tokens. The contract was unable to make a validation input in the “redeem () function,” which enabled the hacker to put his desired input value as funds and trick the network by stealing $300K.
The developing team of Olympus DAO also confirmed the hack through their official discord server and said,
“This morning, an exploit occurred through which the attacker was able to withdraw roughly 30K OHM ($300K) from the OHM bond contract.” However, the team gave some relief as the protocol quickly started their recovery operation, and the rest of the $217 million staked on Olympus DAO was secured. Olympus DAO plans to compensate affected users whose funds got erased.
Olympus DAO is a prominent DeFi protocol, and its governance token is the OHM. The protocol provides the crypto community with digital bonds denominated in OHM tokens. The decentralized autonomous organization (DAO) offers OHM tokens to its investors at a discounted rate, increasing market capitalization over time. The crypto bonds are operated by the protocol’s smart contracts, one of which is exploited today.
Verdict
The crypto winter has wiped out nearly $1.37 trillion worth of crypto from the market since January 2022. While the DeFi industry has shed billions, crypto assets held by decentralized autonomous organizations (DAO) witnessed an immense growth of over 8% since the beginning of this year. Nearly $710 million was added to the DAO sector in the last nine months.
As the crypto sphere continues to be bearish, decentralized autonomous organization (DAO) has become a catalyst in bringing positive vibes to investors. Uniswap takes the first position as it holds nearly $2.4 billion in its treasury. Since the advent of DAOs in 2016, the sector has seen a growth of over 6,025% in USD.
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Mango Markets DAO Approves a $47M Bounty for a Hacker
The post Mango Markets DAO Approves a $47M Bounty for a Hacker appeared first on Coinpedia Fintech News
Following the Oct. 12 Mango Markets attack, the hacker presented a proposal to the project, requesting that it utilize up to $70 million from its treasury to cover certain outstanding debts. He committed to repaying the cash if his stipulations were met.
the project team produced a proposal in an attempt to reach an agreement with the hacker the same day. according to the plan, the hacker will return up to $67M and keep the rest $47M as a bug bounty.
The message to the hacker reads:
“As a demonstration of good faith, you must return the assets other than MNGO, MSOL, USDC, and SOL within 12 hours of the proposal opening.”
Tornado Cash Involved in 2021 DAO Maker Crypto Hack? Know the Truth – Coinpedia – Fintech & Cryptocurreny News Media
According to PeckShield, $500,000 in Dai has been moved through Tornado Cash–a crypto mixer–indicating that it may be the source of stolen tokens from a decentralized finance (Defi) protocol.
In simpler terms, crypto mixers make it more difficult to figure out where a token is going. This makes it harder for anyone to track.
In August 2021, the crypto fundraising platform Dao Maker (not related to Maker DAO) suffered a hack. As a result, $7 million in various stablecoins and ether were lost. on-chain data shows that the funds were sent to two wallets.
One of the cryptocurrency wallets sent about 3800 ether, worth approximately $6.2 million, to Tornado Cash. The other wallet holding the remaining balance remained inactive until today, according to data gleaned from examining blockchain records.
Prior to this incident, Tornado was also used in a laundering scheme where $15 million worth of ether was stolen from Singapore-based Crypto.com.
The frequent connection between ‘Tornado Cash,’ alleged money laundering, and stolen funds has prompted a discussion regarding whether it is guilty of money laundering. The protocol’s creator said that the system isn’t governed by any single entity and is intended to be unstoppable, adding that it was not his intention to support illegal activities.
In August, the US Treasury’s Office of Foreign Assets Control (OFAC) banned Tornado Cash, restricting all US citizens and firms from interacting with it. It’s unclear if this decision was related to the Dao Maker hack.
The US move against Tornado Cash highlights the ongoing debate about whether crypto mixers are helpful or harmful to the ecosystem. On one hand, they can add an extra layer of privacy for users. On the other hand, they can also be used to launder money.
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Lida DAO Poised to Drop 60%, While Bitcoin (BTC) & Cardano (ADA) Can See Minor Rally
A popular crypto trader and analyst are portraying his bearish stance towards one Ethereum-based altcoin as he puts forth his analysis on Bitcoin (BTC) and Cardano (ADA).
The strategist who is anonymously known as Altcoin Sherpa predicts that decentralized autonomous organization (DAO), Lido DAO’s native currency, LDO might see a massive decline of nearly 64% from its present price levels.
Analyst targets Lido DAO to drop around $0.75 once the currency enters bearish momentum.
Currently, LDO is selling at $2.04 after a surge of 4.04% over the last 24hrs.
Bitcoin (BTC)
Next, Altcoin Sherpa talks about Bitcoin and claims $19,000 as the support area for the flagship currency. He also says that this is the level that will push BTC for a stronger bounce.
He then asserts that if Bitcoin price bottoms at the $19,000 area, it will pull along other altcoins by almost 10%.
At the time of publishing, Bitcoin is changing hands at $20,101 with a slight surge of 0.97% in the last 24hrs.
Cardano (ADA)
The strategist, Altcoin Sherpa, wraps up his analysis with Cardano (ADA), another smart contract platform.
He is of the opinion that there might be some accumulation forming as the number of transactions at present is huge. Hence, he claims this to be a mid-term bottom where ADA will fall around $0.30 before raising.
Cardano is now trading at $0.45 following a jump of 2.70% over the last 24hrs.