Supermoon Will Host A 3-Day Event At The Most Iconic Building during ETH Denver.
Supermoon is coming to ETH Denver with its 3-day event at the Denver Clock Tower from March 1st through the 3rd, from 12:00 pm until 11:00 pm daily, featuring panel discussions, workshops, and social networking events all while enjoying beautiful views of Denver.
Supermoon Tower will welcome selected founders, builders, and investors to this special and intimate networking event. The first day (March 1st) will kick off with the Talent Protocol brunch, followed by a series of talks and discussions leading up to the exclusive Native Soiree, brought to you by Native. Native is an infrastructure layer that turns exchanges into a feature, rather than a standalone app, enabling projects to launch their own DEX in just a few minutes.
On the second day, March 2, the day will start with the Supermoon members-only coffee hour and Open Microphone Podcast. During the podcast, Supermoon members will have the opportunity to share their opinions on current events in crypto and web3. Supermoon Tower Startup Day will start at 1:00 pm. Selected startups showcasing their projects in front of VC funds and investors, along with Techstars, Supermoon’s special partner.
After the pitches, Native will give a special talk at the Supermoon Tower called “How Web3 Infrastructure Will Open the Door to Mass Adoption.” After the talk, guests will be invited to join Techstars and Blu3 DAO for the Founders & Investors Happy Hour. The second day will close with a VC reception, where Startup Day participants and Supermoon members can have intimate conversations.”
The third day (March 3) will be all about builders and will feature special workshops from the Mintbase team. At the 1:30 workshop, Luis Freitas will talk about the Mintbase dev stack and how the project unlocks the power of NFT marketplaces. In the second session, Nate Geier, who is the CEO of Mintbase, will talk about the newly-introduced AffiliateDirect. Additionally, NEST will also give a special talk that day about how to confidently manage your digital identity, assets, and global exchanges.
Supermoon members will have special access to all of the activations mentioned at the Supermoon Tower, including priority access and a chance to speak at the Supermoon Open Microphone Podcast, which will be held every day 12:00 pm and 1:00 pm.
Register to join Supermoon Tower.
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These Crypto Tokens Might Be The Best Bet in the Event of a US Staking Ban
As soon as we all woke up today, the heartbreaking news that the leading cryptocurrency exchange Kraken had agreed to stop its cryptocurrency staking program in the United States and pay $30 million in fines as part of a settlement with the Securities and Exchange Commission was all around us.
Through its crypto asset staking-as-a-service program, the business was accused by the regulatory body of selling securities that had not been registered with the appropriate authorities.
Impact of a Ban on Staking on Cryptocurrencies
Coinbase CEO Brian Armstrong said the day before yesterday that he had received indications that the SEC is intending to restrict cryptocurrency staking in the United States. Concerning this topic, the community has been in a state of turmoil.
It is without a doubt going to be incredibly damaging to us if staking in cryptocurrencies is made illegal in a nation that is widely recognized as being the largest market for cryptocurrencies.
It is possible that decentralized tokens such as Lido’s LDO and Rocket Pool’s RPL will be able to take over the staking business of U.S.-based exchanges if the prohibition is found to be valid.
In addition, the fact that they are decentralized tokens makes it probable that their prices will rise in the event that the SEC continues to take a stance against crypto staking.
Ethereum’s Staking Ration to Rise After Shanghai
In a related development, as this is all happening, a recent analysis from JPMorgan said that the Shanghai update to Ethereum will increase the staking ratio of the blockchain over the medium range.
By issuing a tradeable derivative token in return for staked ether, liquid staking protocols like Lido allow for the transferability of assets that would otherwise be trapped in staking contracts.
There is a case to be made that liquid staking techniques become less useful as the upgrade deadline draws near. The rebuttal is that these protocols are useful because they facilitate liquidity and operate as a go-between for regular investors who would otherwise need 32 ETH ($52,000) to begin staking.
As a direct consequence of this, they have emerged as important participants in the field of decentralized finance (DeFi), which has raised some worries over network centralization.
Litecoin’s Upcoming Halving Event: Analysts Predict Bullish Outlook
On July 19, 2023, Litecoin (LTC), a cryptocurrency inspired by Bitcoin, will undergo its third halving. At a block height of 2,520,000, Litecoin miners will begin receiving a block reward of 6.25 LTC, down from the current reward of 12.5 LTC. This event is highly anticipated by market analysts, as they predict that Litecoin’s price actions may mirror those of Bitcoin during its halving events.
According to the crypto trader and analyst Rekt Capital, Litecoin’s price action has demonstrated a consistent trend in the lead-up to and aftermath of halving events. Additionally, the reduction in the supply of Litecoin during this event has caused increased speculation among crypto traders.
“Litecoin tends to rally quite strongly prior to its Halving,” notes Rekt Capital. “Prior to Halving 1, LTC bottomed 122 days and rallied +820 per cent. Prior to Halving 2, LTC bottomed 243 days and rallied +550 per cent.”
Signs of a rally in anticipation of the halving can already be seen, with LTC’s price up approximately 20% in the past 14 days, currently trading around $82.08. As of Wednesday, Litecoin has a reported market capitalization of approximately $5,915,676,673 and a trading volume of approximately $678,675,992 in the past 24 hours.
As with Bitcoin, Rekt Capital has illustrated that Litecoin tends to rally more post-halving than days before. Nonetheless, Litecoin’s price is heavily affected by the cryptocurrency’s macro aspect. Moreover, Litecoin’s major bull market coincided with Bitcoin’s rally in 2017/2018. Additionally, the second halving did not have much volatility in price action despite coinciding with Bitcoin’s 2020 halving.
Litecoin (LTC) Price Analysis
The Litecoin market is supported by a strong global community of 7,184,198 holders, as reported by tokenview. With a circulating supply of approximately 72,029,445 and a maximum supply of 84 million, the coin is well-positioned for potential gains in the future. Furthermore, the Litecoin (LTC) price has been stabilizing from a weekly perspective, leading analysts to believe that the outlook is bullish.
Litecoin’s popularity has been partially driven by the fact that the well-known meme coin, Dogecoin, is based on similar technology that was forked years ago. However, like other altcoins, the Litecoin market faces regulatory uncertainty, as the ongoing legal battle between Ripple and the SEC has raised concerns that many cryptocurrencies may be classified as securities.
Analyst Reveals This Event Could Trigger Another Massive Sell-Off for Bitcoin (BTC)
Bitcoin is currently trading at a gain to start the day. Over the course of the weekend, the price of the token picked up speed and broke through the $17,000 resistance level. At press time, Bitcoin is exhibiting bullish indicators and may proceed to advance toward the resistance level of $18,000. However, there are rumblings that terrible news is on the horizon for the king of cryptocurrencies.
Another Sell-Off Event for BTC?
Nicholas Merten, a cryptocurrency analyst, and influencer, recently warned in the latest video that another significant Bitcoin sell-off might take place very soon. According to Merten, the dormant sell-side pressure that resulted from the Mt. Gox scandal could rear its head and cause Bitcoin to see yet another leg downward.
Mt. Gox was a cryptocurrency exchange that was once responsible for over 70% of Bitcoin transactions. In 2014, the platform was hacked, and tens of thousands of Bitcoin were taken; the exchange subsequently declared bankruptcy.
According to Merten, there is a question that has to be asked, and that question is whether or not the Mt. Gox trust is going to result in a decrease in the price of BTC. More precisely, the issue that is more pertinent is whether or not the long-awaited unloading of this Bitcoin back to its original holders is going to occur as a result of demand from those holders to be able to finally obtain access to that Bitcoin.
Because we observed that Mt. Gox’s BTC holdings didn’t even drop by half during that previous bull market, the second concern the analyst raises is whether or not the sell-off from that will be the bottom.
It fell from approximately 200,000 to 137,000 BTC, says Merten, adding:
“If we see this kind of sell pressure or in this case unloading of Bitcoin into the supply in the open market, what is that going to mean for price?”
Providing BTC to Mt. Gox’s old customers, as Merten suggests, could be a massive source of sell-side liquidity, he argues. The analyst predicts that this will lead to intense pressure from sellers.
Those who have held Bitcoin since it was in the double- or triple-digit range, or even just a few dozen or a few hundred dollars, will likely want to cash out their holdings, as Merten expects they will eventually come to believe that Bitcoin as an asset is obsolete.
There was a 1.83% increase in Bitcoin’s value during the past twenty-four hours, and a 3.06% increase over the past seven days, bringing its current value to $17,252.
BC.GAME Is Hosting A Huge Lottery Event To Celebrate Argentina’s Historic Win
Buenos Aires, Argentina, December 20, 2022– BC.GAME, AFA’s official crypto casino sponsor, is celebrating Messi and Argentina’s legendary win with a huge lottery event. Up to $100,000 is up for grabs for the crypto casino’s VIP players. More information about the event will be disclosed to qualified players through email and platform notifications.
Argentina Wins Over France
On a night full of anticipation and heart-pounding moments, Argentina takes home the championship in the 2022 FIFA World Cup. Argentina defeated France by 4-2 in a penalty shootout in the nerve-wracking final match held in the Lusail Stadium in Lusail, Qatar.
The Argentinian football team’s victory against France this Sunday night adds another win to Argentina’s World Cup championship titles list. This marks Argentina’s third World Cup win since their last World Cup championship title in 1986, making it 36 years since the country last won the World Cup.
Messi’s Dream to Win the 2022 World Cup
Lionel Messi has obtained every possible football achievement throughout the entirety of his football career except one: winning the World Cup. After losing the finals to Germany in 2014, the 2022 World Cup marked his another chance to win the World Cup title.
Thanks to Argentina’s well-deserved victory, Messi has finally achieved and added the football’s grandest title to his roster of achievements. The historic win not only brings immense joy to all fans of the Argentinian football team but also provides a great ending to Messi’s legendary football career.
BC.GAME, AFA’s newest global sponsor in 2022, congratulates the team for winning the “greatest football game” ever. Argentina’s triumph brings more excitement to the football community and crypto casino players as it opens more sports betting opportunities globally. In the future, BC.GAME’s community can expect more events and promotions exclusive to players, in addition to social media activities and engagements brought by BC.GAME and AFA’s recent partnership.
About BC.GAME
BC.GAME is a community-based online crypto casino platform launched in 2017 and is now operating for 5 years. The platform offers a wide range of casino games, live casinos, and sports betting opportunities and has more than 8,000 game titles on its platform, which can all be accessed on both desktop and mobile.
Other than integrating cryptocurrency and blockchain technology on its platform, BC.GAME is also one of the first online casinos to support the Lightning Network, Binance Smart Chain, Arbitrum, and other Layer 2 solutions, which have helped reshape the casino and blockchain industries. In June 2022, BC.GAME was recognized as the “Crypto Casino of the Year” in the 2022 Sigma Awards.
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MEXC’s Changing For you – The 1st Exchange To Launch a Zero Maker Fee Event For Futures Orders
In September of this year, blockchain media outlet, Cointelegraph, reported that cryptocurrency trading platform MEXC has ranked as the world’s top liquidity provider. Recently, MEXC announced the growth of its contract businesses, and its average daily trading volume has reached an increase of 1,200%.
MEXC
Users first, MEXC’s Changing for you」has always been the service philosophy that MEXC adheres to. The ‘Zero Maker Fee’ Event is set to launch to give back to MEXC’s futures users. The activity starts on December 1st.
It is understood that to date, among the mainstream cryptocurrency trading platforms, MEXC is the only platform in the world that offers zero maker fee for futures pending orders. Andrew Weiner, VP of MEXC, said:
“In 2022, we will focus on optimizing futures products and basic liquidity according to users’ needs. Presently, our liquidity has reached rank 1 globally amongst the top 50 trading platforms by market value.”
Since Q4 of 2018, MEXC has consistently launched and upgraded their futures products. In October 2022, MEXC upgraded the futures products and launched the second-level K-line function. These upgrades not only gave users a better trading experience but also met users’ needs for more timely and intuitive transaction information – allowing users to experience real-time prices, trading volume, order depth, and more exciting and technical features.
In terms of consistently engaging with MEXC users, MEXC regularly launches Futures M-Day, Super X-Game, Contract Carnival Week, and other user-friendly activities that bring various rewards and bonuses to their users. This ‘Zero Maker Fee’ Event is a unique and one of many long-lasting and high-level activities featured on the platform.
MEXC’s perpetual contract has launched more than 169 tokens and 179 trading pairs now, covering multiple focuses such as public chain, cross-chain, Layer 2, DeFi, and other sectors. MEXC’s perpetual contract is the fastest performing function run on the entire network. It has the most abundant derivatives that can be traded, providing each user with various and precise choices.
About MEXC：
MEXC is the world’s leading cryptocurrency trading platform, providing one-stop services such as futures, spot, ETF, NFT Index, etc., serving 10 million users worldwide with the philosophy of Users first, MEXC’s Changing for you. For more information, please visit the MEXC official website and official blog, and follow MEXC Global and M-Ventures&Labs.
Contact:
Company Name: MEXC
Name: Jenny Sun
Email: [email protected]
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KEY3.id Releases Early Bird Event, Gas Fee Consumption Surpasses ENS, Public Claim Coming Soon
On November 17th, KEY3.id’s DID protocol launched a permanently free .did domain early bird event, with more than 10,000 users participating online. Within 24 hours, the on-chain gas fee consumption surpassed ENS, resulting in a 50% growth rate for .did domain holders. At present, the number of KEY3.id community members has exceeded 60,000 in the first week.
KEY3.id has reportedly partnered up with BitKeep Wallet, iToken Wallet, Bybit, KuCoin Wallet, Coinhub Wallet, ONTO Wallet, Assure Wallet, Element.market and other industry leading wallets, DeFi, exchanges. DAO organizations, NFT communities and more to build a network for the .did domain.
The .did domain is permanently free, de-factionalized, supporting cross chain, having a fair distribution scheme and has the support of top-level partners. The .did domain also has distinctive competitive advantage compared to other DID projects, where the current mainstream domain names from the public chains such as .eth, .bnb, .sol etc., are incompatible with each other and form fragmented user groups. At the same time, they also require an expensive renewal fee for ownership, therefore hinders new users to enter Web.
KEY3.id also has opted for a fair distribution scheme for premium domains. Unlike most projects that are flooded with click farmers or hacker projects, KEY3.id only allows 1 address to mint 1 .did domain in the early bird phase, which greatly avoids the problem of premium domains being swiped away or the speculations of leaving the project team with priorities. Based on the fact that DIDs are still predominantly speculative, KEY3.id has reserved some domain names and will continue to allocate them to users who have contributed to the community through airdrops and auction.
Kory Pak, CEO of KEY3.id said:” It has been a difficult time unlike any other. We still have decided to launch the KEY3.id project under the challenges of the bear market. Our community’s active participation in the early bird event has given us great confidence. We want to initiate a new phase of permanently free DID ownership, providing users with a low barrier to DID ownership experience, breaking the circle and attracting more users to enter Web3. We hope that our initial intention of providing permanently free and fair ownership will bring more convenience to more Web3 users.”
Pak continued, being free doesn’t mean a lack of business model. KEY3.id has reserved some of its short domains with less than 5 digits and can be purchased through auctions, the proceeds will be used to build the project in the long run. KEY3.id will also be launching a luxury domain project in the near future.
KEY3.id will also launch its official public mint at 20:00 (UTC+8) on November 18th, and Kory Pak thinks that it might be a historic day for the DID industry to go completely free.
For more information, please visit:
Twitter: https://bit.ly/KEY3TWSUR
Discord: https://bit.ly/KEY3DSSUR
Medium : https://bit.ly/KEY3MDSUR
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Win $100,000 With BC.GAME’ s World Cup Prediction Event!
The World Cup fever is just around the corner. With extreme competition among the participating teams, Fifa World Cup is one of the major league every sports fan are looking out for. There are already favorites, and some clear frontrunners stand above the rest.
This year, the Argentine Football Association (AFA) has partnered with BC.GAME as their crypto casino sponsor. Knowing that BC.GAME offers generous bonuses and prizes, it opened promotions for its players and football fans alike. From November 12 to 26, 2020, BC.GAME offers up to a $100,000 prize pool in World Cup 2022 all-winner predictions.
Who Are Eligible To Join
The crypto casino platform opened a separate page dedicated to World Cup. Crypto casino players can participate in the promotion by placing their predictions for the winners of the upcoming football matches. All players can have a chance to win the $100,000 prize pool.
Placing your predictions is absolutely free, as long as you hold a VIP 4 level or higher. All predictions can be finalized by 26/11/2022 00:00 AM UTC. Players can still change their predictions before the deadline.
For players to win, all predictions shall be accurate. In any case, if there is more than one player who had the same prediction, the prize pool will be divided equally. Only one family member can place their predictions. Players who will claim multiple prizes are disqualified from the promotion.
What’s In For World Cup 2022
Qatar is this year’s host of the major football league. Participated by 32 teams from different countries, football fans can look up to 64 matches in 28 days of intense games. Like the previous years, there are group stages during the first week to determine who will go head-to-head on the finals.
Fans are expecting to see their favorite teams, such as Brazil, France, Belgium, Spain, and England. These are just some of the teams who have the best roster, versatile players, and previous World Cup champions.
Football enthusiasts are also looking out for the underdogs to make their name in this year’s World Cup. The teams that were previously on low rank are expected to show their progress and potential.
About BC.GAME
BC.GAME is a crypto casino platform where players can earn bonuses to play online casino games, live casinos, and bet on sports. To join the World Cup excitement, the platform opened a promotion where players can participate to win from Wager Contest or a Tesla giveaway (more details coming soon!). It is also be giving away prizes throughout the event.
The crypto casino platform has partnered with AFA for six months to support the Argentine national team. The partnership is not just about supporting the team. It is also an opportunity for both brands to expand their audiences and earn more revenue. For AFA, this partnership is also a great time to create digital products as their other source of income.
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.
Fantom Users Leaving the Chain for Uniglo.io Burn Event
One basic element of tokenomics that cryptocurrency investors need to understand is how the burning of tokens affects the price – burning is good, as it diminishes the supply. Large-scale burning is even better, as it dramatically slashes the quantity of available tokens, and therefore, scarcity pushes up the price. With this in mind, the news that Uniglo is set to burn a vast amount of tokens has been met with keen interest and a flurry of recent purchases of the native token, GLO. Learn more about why now is the perfect time to get your GLO.
Uniglo.io Burn Event
Uniglo is one of the latest protocols to market, set to launch on the Ethereum Network in November. Uniglo has a democratic governing system, meaning users can vote on big decisions regarding the project’s direction, like burning tokens en-masse (the community voted overwhelmingly in favor of burning). Users will also vote on what assets to hold in the Uniglo Vault. As it is fully multi-asset backed, options will include digital assets like cryptocurrency and NFTs and tangible assets like gold, fine art, and collectibles, to name just a fraction of what may be acquired. Users might also opt collectively to buy back more GLO to burn in the future, with the aim to draw back availability and boost the price. Uniglo also features the Ultra Burn mechanic, which burns 2% of all transactions, diminishing supply continuously as the token is bought and sold. With Uniglo, the foot is certainly on the gas when it comes to burning, making the currency entirely deflationary.
Fantom
Fantom is a popular network that uses EVM to run smart contracts. The beauty of blockchain data is that it is public for all to see: Analysts have spotted large amounts of cryptocurrency flowing from Fantom, indicating that Fantom holders are trading in their FTM for GLO, off the back of Uniglo’s burn event announcement.
Tamadoge
Tamadoge is a meme-coin that has seen immense success following the launch of the Tamaverse, in which users can spend TAMA on breeding and gaming with pets online. Tamadoge is currently sitting at rank #604, and has a long way to go before it sets foot in the top 100.
Conclusion
Uniglo has already seen great success even within its own presale, with many high-rollers placing big orders for GLO (many of which are coming from Fantom Network). High demand saw a price hike of 55% early in ICO. With an innovative use case, community-driven leadership, and blistering burn mechanics, Uniglo is a clear competitor, destined for top 100 stardom. Get involved now to take advantage of presale prices before the big burn event.
Learn more:
Join Presale: https://presale.uniglo.io/register
Website: https://uniglo.io
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Bitcoin 2022 launches first European event: Bitcoin Amsterdam
Organizers of Bitcoin 2022 promise “No region left behind” as it targets Hyperbitcoinization in Europe
Bitcoin Magazine, organizers of the world’s largest and longest-running Bitcoin conference Bitcoin 2022, today announces, in collaboration with Amsterdam Decentralized and Westergas, the launch of its first European-focused event, Bitcoin Amsterdam.
The conference runs from October 12-14, 2022, and will gather some of the region’s (and the world’s) most brilliant Bitcoin experts, innovators and thinkers who will discuss the latest developments in the industry, with a specific focus on Hyperbitcoinization. Speakers at previous Bitcoin Magazine events have included Michael Saylor, Peter Thiel, and Serena Williams.
Bitcoin Amsterdam is Bitcoin Magazine’s first major conference outside the Americas, and aims to galvanize attendees from Europe – one of the world’s most uncertain regulatory environments for Bitcoin – with the message that there can be “No Region Left Behind” in the pursuit of Hyperbitcoinization. Bitcoin Amsterdam will take place in Amsterdam’s most iconic venues, the Gashouder and Transformatorhuis at Westergas.
“While Europe is lagging behind other regions in terms of regulatory and governmental acceptance, demand from ordinary investors and institutions is among the highest in the world,” said David Bailey, CEO Bitcoin Magazine. “What’s more, the continent’s significant Bitcoin developer and innovator community is helping shape the future of the world’s preeminent digital currency – and which continues to rise.
“Europe has been at the forefront of financial and technological innovation for over 500 years, with Amsterdam playing a particularly noteworthy role in the development of modern banking, making it the perfect choice for our first European event,” he continued. “While Europe’s regulators have been so far slow to embrace the potential of Bitcoin, the combination of the continent’s history and its continued high demand for Bitcoin means that our community can give the support, collaboration, and direction that’s European governments are so signally failing to provide, and together pursue our shared goal of Hyperbitcoinization.”
Bitcoin Amsterdam is being held at Westergas, the city’s cultural district. General admission tickets start at €249,– with Whale VIP Passes starting at €2999,–. For further information on the event, including attendees, speakers and themes, please contact the press office and follow @thebitcoinconf on Twitter.
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How are Investors Reacting To Ethereum Price Plunge After Merge Event – Coinpedia – Fintech & Cryptocurreny News Media
Ethereum network successfully completed its Merge on September 15 which transformed the network from proof-of-work (PoS) to proof-of-stake (PoS) mechanism. However, Ethereum didn’t receive the expected result as the currency started its downward journey right after the merger.
If the ETH/BTC is considered, it appears like Bitcoin is about to see its worst days when Ethereum’s growth rate is considered. Ethereum surged by 60% against Bitcoin from July 13 to Sept 8.
But the last 60 day bull run wasn’t that eye-catching as the flagship currency picked up the dominance while Ethereum lost it after the Merge.
On the other hand, in just 10 days ETH gave up half of its profit after facing 20% correction. However, as per the daily chart Ethereum might see a trend reversal soon.
Ethereum Merge : Buy The Rumor, Sell The News
Meanwhile, Ethereum witnessed an increased selling pressure after the merger was successfully completed. However, a few of the market experts claim this event as Buy the rumor, sell the news.
Though there wasn’t any issue while the network was getting transferred from proof-of-work (PoW) to proof-of-stake (PoS), the zero effect on Ethereum price has created a sense of fear among investors and traders which provoked them to exit from their position.
At the time of reporting, Ethereum is trading at $1,367 with a fall of 3.67% over the last 24hrs.
Additionally, it can be seen that the lead altcoin is dropping against the US dollar as Ethereum price has declined at $1,300 level. Hence, it’s important for the currency to maintain its price range above $1,280 which was a resistance area during June’s trading.
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Cardano(ADA)Price To Hit $0.55 This Week With Major Event on Horizon
The post Cardano(ADA)Price To Hit $0.55 This Week With Major Event on Horizon appeared first on Coinpedia – Fintech & Cryptocurreny News Media| Crypto Guide
The upcoming Vasil upgrade presents a fresh challenge for Cardano. Based on existing patterns and estimates, analysts and experts have bearish predictions for the coin.
The cryptocurrency dropped out of the top five by market value, but it was still able to hold onto some of its recent gains, outperforming Ethereum and other coins.
In recent months, the Cardano price was sideways on short timescales after ending a significant slump. Early in 2022, the cryptocurrency finally fell below the $1 mark, which sparked further declines and sent Cardano back to its levels from the previous year.
ADA price prediction
Cardano price reached the swing low of $0.460 on September 13 and formed a double bottom around $0.450, forming the sixth liquidity run on a twelve-hour chart. This change sparked a reversal that has caused ADA to increase by 5.82% thus far.
The immediate barrier at $0.505 might be easily tested again by the ADA bounce. Since the price of Cardano reached a higher high at $0.521 than the swing high from September 6 at $0.512, the trend appears to be in favor of bulls. The current recovery rally may therefore aim for the $0.530 resistance level.
Despite a bleak forecast for the whole cryptocurrency market, Cardano’s bull flag is developing. The price of ADA has increased by more than 6% during the last two weeks.
The so-called “Ethereum-killer” would likely see its upside limited if ADA retests $0.530, having gained 17%. Additionally, this action would have generated a higher high in comparison to the previous higher high, which was created on September 10 at $0.524.
On the other hand, the bullish thesis for ADA will be discarded if Cardano price creates a lower low below the $0.450 mark. Cardano’s price may drop to the stable support level of $0.435 as a result of this development.
XRP, ATOM, LTC, and XTZ Price Heading Towards These Levels Ahead of Merge Event – Coinpedia – Fintech & Cryptocurreny News Media
Amidst the volatile crypto market, a well-known crypto analyst and trader, Michael Van De Poppe, has put forward his analysis of XRP, Cosmos (ATOM), Litecoin (LTC) and Tezos (XTZ).
XRP
Poppe informs his 627,100 Twitter followers that though Ripple’s XRP is facing a sell-off, the current price is advantageous for bullish action.
He claims that XRP’s current $0.33 is the level for traders looking to go long.
At the time of publication, XRP is selling at $0.336 after a drop of 2.67% in the last 24hrs.
Cosmos (ATOM)
The analyst also talked about Cosmos (ATOM), a network that is dedicated to scaling and interoperating. Here, he asserts that $13.30 acts as the first support, and then $11.22 and $9.96
Currently, Cosmos (ATOM) is trading at $14.25 with a downswing of 5.21% in the last 24hrs.
Litecoin (LTC)
The next altcoin that has caught the trader’s attention is Litecoin (LTC) which is a peer-to-peer payment network. Though Litecoin is currently under bearish control, the strategist is of the opinion that LTC will surge against the flagship currency (LTC/BTC)
As per Van de Poppe, until Litecoin’s price is above $0.0028 BTC, the currency is bullish.
At the moment, Litecoin has plunged by 6.34% in the last 24hrs and is currently valued at $59.92
Tezos (XTZ)
Before Michael winds up his analysis, he talks about Tezos (XTZ), a smart contract network. As per the expert, it’s important for Tezos to stick above the support level of $1.44 to make a bullish move toward $2.85
Presently, Tezos (XTZ) is trading at $1.57 with a fall of 0.77% over the last day.
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How Will NFT Market React To the Ethereum Merger Event? – Coinpedia – Fintech & Cryptocurreny News Media
This year Ethereum turned seven years old, surprising users with a present in the form of the Ethereum Merge. The much-awaited Ethereum Merge is officially scheduled for the 16th of September. The Ethereum Merge will significantly impact the crypto sector, including NFTs and digital collectibles. It is reported that 80% of total NFTs are traded on the Ethereum blockchain and witnessed an eye-popping revenue due to the NFT hype, including the two most famous NFT collections, CryptoPunks and Bored Ape Yacht Club. Therefore, a question arises for NFT creators, what will happen to millions of NFTs after the Merge?
Impact on NFT Market
NFTs are one of the essential sectors of the Ethereum network. After the Ethereum Merge, the NFTs will still be in your digital wallet. According to Adam McBride, if the Proof-of-Work fork remains, then the user will have two versions of NFT. One will be the NFT on the previous Proof-of-Work fork, and the other will be the post-merge Proof-of-Stake NFT. If everything works well, NFTs will actively function on Ethereum’s newly upgraded mainnet.
The NFT creators and investors might encounter a ‘replay attack’-double transaction, which means that a transaction may happen on the newly merged PoS fork if a user transacts on the PoW fork. Thus, there is a slight chance of compromising the security of NFTs as someone else can access your NFTs or any other digital asset, and your NFTs might get lost through an unknown transaction you never made.
We can even see price discrepancies in NFT floor prices due to this. However, we anticipate that the mentioned impact might not occur, but there is a probability of it, and you should be aware of that.
However, there are some excellent impacts also. The most robust effect will be reduced carbon consumption by up to 90% for minting and maintaining NFTs. In addition, analysts of the crypto sphere predict a sky-high surge of Ethereum after the Merge, and creating NFTs on the Ethereum network will become more convenient and easier.
Final Thoughts
To save NFTs from possible impacts, users are advised to delist their NFTs from sale and transfer them to their new PoS wallets. However, it is not guaranteed that everything will go as per the plan; users may take necessary steps to protect their NFTs.
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Risk Factors Ethereum Investors Need to Take care With Merge Event Ahead – Coinpedia – Fintech & Cryptocurreny News Media
The Ethereum Merge has been the crypto industry’s unicorn since its proposal, and it is officially scheduled for 16th September. It is an exciting event for the crypto community to revolutionize the crypto space and expand further. However, the Merge is not risk-free as investors may face a big deal during the Ethereum Merge. On the launch day, the Ethereum Merge may create panic, and investors should be aware of its risks.
Risk Factors Of The Ethereum Merge
Panic among traders and investors could stand out as a negative signal and send ether values plunging. Some experts suggest that even if the Ethereum Merge executes without a hitch, a proof-of-stake system can give threats to centralize cryptocurrency while compromising security. According to CoinMetrics, the threat will not be limited to transactions alone, citing a possible turmoil of Ethereum.
It should be noted that the ETH’s circulating supply has changed drastically over the years, and the issuance of EIP-1559 in August 2021 totally neutralized the past changes. So, ETH’s net issuance could drop to zero, resulting in sky-high transaction value on the Merge day.
PoW had a competitive advantage, and regarding this, the CoinMetrics report stated that the PoS mechanism might lead ETH’s value to a deflationary trend rather than PoW’s upward trend for the staking procedure.
CoinMetrics advised investors to halt transactions because the mempool may not follow the pressure. As a result, this could lead to price mismatch or reversals across ETH lending markets and Decentralized Exchanges (DEXes). However, the firm thinks that the Ethereum Merge was a vital point for Ethereum.
Necessary Steps Ahead of The Ethereum Merge
According to CoinMarketCap, Ethereum has declined by 1.7% over the last 24 hours. As the Ethereum Merge moves closer, it is expected that the price will drop further and may close near $1000 on the launch day. It is suggested that investors invest less with proper risk management as Ethereum can change its path anytime.
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Terran Coin’s 50,000 TRR Airdrop Event Goes Live Today
Terran, the up-and-coming NFT platform and marketplace, has announced on Twitter that its 50,000 Terran Coin airdrop event will go live on September 2.
According to the post on Terran’s official website, users will be able to enter the giveaway of 50,000 Terran Coins (TRR) by following the simple steps laid by the blockchain platform.
The requirements provided include joining Terran Coin’s Telegram community and other social media accounts, as well as engaging with Terran’s social media posts by liking, retweeting, and replying to their pinned tweet, and tagging three friends. As detailed on the Terran website, users who participate in the airdrop will likely be able to win 5 TRR.
Terran, though relatively new in origin, boasts notable features, such as an eco-friendly and energy-efficient blockchain, being able to mint NFTs from images or videos, Dual Delegated Proof-of-Stake (DDPoS) consensus, and 300,000 transactions per second. Terran Coin (TRR) is the native cryptocurrency and utility asset of the Terran ecosystem.
Terran’s NFT minting platform works on its own blockchain and protocol that bolsters user-friendliness and efficiency. The minting platform allows users to kickstart their NFT business journey in hassle-free ways.
The blockchain used for Terran’s minting platform is called ‘Terran Chain’, and it employs a patented Dual Delegated Proof-of-Stake (DDPoS) consensus protocol. Terran also features its own NFT Marketplace. Through these three parts of the platform, users can mint any digital asset they wish for such as pictures, music, videos, video games, memes, GIFs, etc.
About Terran
Terran aims to spread awareness about the concept of NFTs as businesses. Additionally, Terran seeks to lower the barrier to entering the world of NFTs by creating an NFT minting platform and marketplace that will be most efficient and accessible for users.
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