Cardano Network Witnesses A Spike In Network Activities! Is ADA Price Set To Hit $0.4 Mark?
The Cardano network has recently been making waves and turning heads in the crypto market. With a significant surge in network activities, this blockchain platform is not just sparking growth but also igniting speculations about the potential of its native token, ADA, to hit the impressive $0.4 mark. This promising development is primarily driven by an upswing in transaction volumes on Cardano-based decentralized exchanges (DEXs) and the launch of new, buzz-worthy meme coins on the network.
Whales Make A Big Move Due To Cardano’s Bullish Performance
Showcasing Cardano’s impressive capabilities, a whopping 313 billion ADA tokens have been transferred in high-value transactions, underscoring the altcoin’s vibrant market activity. Amid this whirlwind of major transactions, the total count of these transactions surpassed 70,000, emphasizing the network’s considerable capacity.
High-value transactions, classified as those exceeding $100,000, serve as a crucial gauge of whale activity within the network. Such significant transfers hold the potential to markedly influence the price of the ADA token. Yet, in spite of the sharp uptick in volume, ADA’s price has demonstrated a relatively steady performance, with volatility hovering around 4% over the previous week.
Irrespective of the underlying motives, these substantial transactions highlight the faith and assurance of major investors in the potential of the Cardano network. One of the key drivers of this growth is the surge in transaction volumes on Cardano-based DEXs. Specifically, MinSwap, a Cardano-based DEX, saw its transaction volume grow from $10 million to $72 million from May 1 to 30.
Moreover, the launch of two new meme coins, Snek and Bank, on the Cardano blockchain has also contributed to the rise in the network activity, eventually pushing the ADA price to the North.
Is ADA Price Preparing For $0.4?
Cardano experienced a solid surge today as the price initiated a breakout above $0.365. ADA price continued to show upward momentum as it broke past the EMA20 line at $0.3715.
Currently, the price is facing trouble climbing above the critical resistance at $0.378, suggesting that the bears are vigorously defending this level. The sellers will aim to drag the price beneath the uptrend line. This is a crucial level for the buyers to safeguard because a breach below $0.37 will nullify the bullish ascending triangle pattern, potentially triggering a decline to $0.30.
As of writing, ADA price trades at $0.3743, showing an uptick of over 2% in the last 24 hours. On the bullish side, if the ADA price rebounds from the current level and jumps above the 23.6% Fib channel, it will imply that bulls are capitalizing on the dips. The bulls will then strive for another push to propel the price above the $0.383 mark. If they achieve this, the ADA price may experience a surge toward the resistance zone of $0.42 to $0.44.
Google Cloud Partners With Polygon; What This Means for Filecoin and TMS Network
For all the whoop and holler of the Metaverse’s supposed death, tech giants are doubling down on their investments in the Metaverse. Google is advertising its recent foray into the crypto world. Its latest move is to partner with Polygon (MATIC) to provide the resources developers need to create Web3 projects based on Ethereum and Polygon (MATIC). This partnership will have big implications for other crypto projects in the industry, like Filecoin (FIL) and TMS Network (TMSN).
TMS Network (TMSN)
TMS Network (TMSN) is a new decentralized exchange that supports multiple-asset trading. It supports equity, forex, CFDs, and cryptocurrencies on its platform. Interestingly, TMS Network (TMSN) is a layer 2 blockchain built on Ethereum. So, TMS Network (TMSN) is compatible with dApps built for EVMs. This means that Polygon (MATIC)-Google Cloud partnership will help developers to create dApps and deploy them for TMS Network (TMSN) too. In other words, TMS Network (TMSN) benefits from this partnership. In fact, all the crypto projects that are compatible with EVMs stand to benefit from this partnership.
In the aftermath of the news of this partnership, TMS Network (TMSN) posted a strong 31% growth. As a smart contracts platform, TMS Network (TMSN) supports dApps. So, any support or EVM-compatible dApps development is a welcome development for TMS Network (TMSN). Presently, TMS Network (TMSN) is selling at $0.104 in its stage 4 presale event.
Polygon (MATIC)
By partnering with Polygon (MATIC), Google Cloud is offering enterprise-ready Web3 infrastructure and developer-friendly tools that allow them to create and deploy dApps at an accelerated pace. Google Cloud now supports all of Polygon’s (MATIC) protocols, including Polygon PoS, Polygon Supernets, and Polygon zkEVM. Google Cloud offers $200,000 worth of credits to Polygon (MATIC) developers. This will allow them to deploy dApps swiftly and offer their services to DeFi users.
As an Ethereum scaling solution, Polygon (MATIC) is already one of the top choices for many developers looking to deploy dApps on Ethereum, but are discouraged by its high fees and slow transaction speeds. Partnership with Google would help Polygon (MATIC) become the de facto choice for dApps developers on Ethereum.
Filecoin (FIL)
Filecoin (FIL) is founded on the principles of decentralization and privacy. Filecoin (FIL) and Polygon (MATIC) operate in two different spaces. Filecoin (FIL) offers decentralized storage space for users, while Polygon (MATIC) offers dApps infrastructure for enterprises and developers. However, Filecoin (FIL) happens to be a cloud storage solution, and Google Cloud also happens to have a cloud storage service in its service umbrella. Therefore, the Polygon (MATIC)-Google Cloud partnership can threaten Filecoin’s (FIL) core premise for existence.
Although decentralization continues to be a core feature of Filecoin (FIL), Google Cloud is certainly a more dependable solution for businesses that value stability over all else. So, it remains to be seen whether the privacy, open-source architecture, decentralization, and transparent services of Filecoin (FIL) will triumph over Google Cloud’s offering to the crypto community.
Binance to support Optimism (OP) Network Upgrade and Hard Fork
Binance has announced its support for the upcoming Optimism (OP) network upgrade and a hard fork, scheduled to occur on June 6, 2023, at 16:00 (UTC). Starting from approximately 15:30 (UTC) on the same day, deposits and withdrawals of OP will be temporarily suspended. However, the trading of OP will remain unaffected during this period. The exchange will handle all the necessary technical aspects for its users holding OP, ensuring a smooth transition. It’s important to note that no new tokens will be created as a result of the network upgrade. Once the upgraded network is deemed stable, Binance will reopen deposits and withdrawals without further notification to users.
Mask Network (MASK) And Huobi Global (HT) Are Losing Grounds To Sparklo (SPRK)
Amidst the failure and collapse of centralized banks, coupled with unstable inflation rates, a growing number of investors and traders are diversifying their portfolios by engaging with blockchain-based projects that offer the potential for enhanced value.
Among these projects, Sparklo has garnered considerable attention. Here, we will assess its growth potential by comparing it to established counterparts such as Mask Network (MASK) and Huobi Global (HT)
Sparklo (SPRK): Unites a global community of traders and investors
Sparklo introduces a revolutionary alternative investment platform poised to transform the traditional approach to trading and investing in precious metals. With Sparklo, individuals can effortlessly access and invest in premium gold, silver and platinum through fractional or whole investments in non-fungible tokens (NFTs).
As the second phase of Sparklo’s presale draws to a close, the opportunity to join this remarkable movement becomes increasingly enticing. Secure your Sparklo tokens at the remarkable price of just $0.026 per token.
Gone are the days of cumbersome processes involving purchasing, storing, or exchanging precious metals. Sparklo unites a global community of traders and investors, breaking down barriers and unlocking a world of possibilities. Embrace the Sparklo movement, where accessibility, safety and cost-effectiveness converge to redefine the landscape of precious metal investments.
Mask Network (MASK) makes strategic Investments in The Open Network (TON) to foster a social network ecosystem
The Open Network (TON) has received funding from the self-proclaimed world-leading social network Mask Network (MASK) “to further develop its ecosystem at large and provide innovative solutions for people across networks.” Mask Network (MASK) set out “to build an easy-to-use bridge between Web2 and Web3-era decentralized apps.”
Mask Network (MASK) has been an integral part of the Bluesky protocol, “founded by Jack Dorsey and the Mask Network (MASK) team maintains the most active instances of Mastodon.” For its part, Mask Network (MASK) hopes to achieve deeper integration and provide DID solutions for their combined communities and beyond, contributing to the future decentralized social network ecosystem.
Malaysia declares Huobi Global (HT) crypto exchange unregistered, orders immediate cessation of operations
Huobi Global (HT) was ordered to cease operations in Malaysia, including the removal of Huobi Global (HT website) and mobile applications, by the Securities Commission Malaysia (SC) for running an unregistered digital asset exchange.
According to a statement released by the regulator on Monday, Huobi Global (HT) has been ordered to stop publishing or sending advertisements to Malaysian investors.
It is a violation of the Capital Markets and Services Act to run a digital asset like Huobi Global (HT) exchange without first acquiring SC registration as a Recognized Market Operator. The regulator has encouraged Malaysian investors using Huobi Global (HT) to cease trading on the platform, withdraw their funds and close their accounts.
Find out about the Sparklo presale using the links below
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Sparklo (SPRK) Gets Thumbs Up As Theta Network (THETA) Falls
The cryptocurrency industry is about to undergo a major transformation thanks to Sparklo. Sparkle stands out from other cryptocurrencies like Theta Network (THETA) and has attracted the attention of many investors worldwide.
Sparklo will set the trend where investors can yield the benefits of crypto and profit in the precious metals trade. Theta Network (THETA) investors see the potential of Sparklo sweeping and many are already buying into the presale.
Investors rush Sparklo (SPRK) as presale nears completion
The goal of Sparklo as a platform is to establish a global exchange for trading in a wide variety of precious metals. Sparklo will create a global marketplace that links small-scale investors with investment possibilities in the precious metals sector. The crypto company intends to collaborate with jewellery retailers from various cities around the world. The initiative will initially enable transactions for gold, platinum, and silver. Later, it will include other valuable metals, such as copper, bronze, and tin.
Sparklo integrates various crypto-based elements into its offerings as a platform based on blockchain technology. For instance, the platform utilizes non-fungible tokens. Every precious metal deposited on Sparklo’s platform will have its ownership marked down using NFTs. Each precious metal purchased through this platform will consequently have a unique NFT. These non-fungible tokens can be traded on the platform by various buyers as ownership proof.
It would be wise to take advantage of Sparklo right now. The SPRK token is presently selling at $0.026 per token as the second phase of the presale is ongoing. Also, investors will get a 50% bonus on tokens but this option will end soon. The platform has been authorized by the InterFi network, and for a period of 100 years, its liquidity has been locked. The Team has completed a KYC verification procedure to ensure increased security and confidence. This is the best opportunity to key into this project before the Sparklo presale is over.
Theta Network (THETA) and The Squad are launching the MetaCannes Film3 festival.
From May 16 to May 29, Theta Network (THETA) and The Squad will debut the MetaCannes Film3 Festival. Theta Network (THETA) and The Squad aims to use blockchain technology to democratize the film business during this film festival. Viewers will hear panel talks and see movies and documentaries on the Web3 industry throughout the course of the week. High-profile figures from the film industry, including directors and actresses, will attend the festival.
For the festival, a MetaCannes Streaming Pass will be available on the Theta Network (THETA) native NFT market. Visitors can still get the pass that MetaCannes pass on the Theta Network (THETA) while the presale is on. For 14 days, the pass received on the Theta Network (THETA) grants users access to a carefully curated collection of short films. After getting the pass on the Theta Network (THETA), attendees will gain access to a unique screening of the iconic Oscar- and BAFTA-winning short The Irish Goodbye.
Buy Presale: https://invest.sparklo.finance
Website: https://sparklo.finance
Twitter: https://twitter.com/sparklo_finance
Telegram: https://t.me/sparklofinance
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Cardano Network Shows Exciting Positive Trends! On-Chain Insights Promise Bright Future
Cardano, a public blockchain platform, is already known for its advanced features like smart contracts and high-level scalability. But it’s the underlying data that’s now stealing the spotlight, painting an even more promising picture of the network’s health and prospective growth. The latest on-chain analysis of the Cardano network demonstrates an array of optimistic indicators. A notable upsurge in active addresses, growing transaction volume, and an increase in staking activities all contribute to this bullish sentiment.
Will ADA Price Gain The Leading Spot?
According to IntoTheBlock, the Cardano network has exhibited “positive trends” in various on-chain indicators, encompassing areas like transaction count, transaction volume, and profitable addresses. The report emphasized that transaction count and transaction volume were particularly noticeable, demonstrating clear standout performance.
Despite the recent bearish market conditions, Cardano’s transaction count has maintained a notable degree of stability, recording a rise of 33.5% from its lowest point mid-April this year.
When examining the transaction volume, the subsequent graph demonstrates an ascending trajectory since the year’s commencement, resulting in an impressive year-to-date surge of 205%. This translates to a daily transaction volume exceeding 26 billion ADA.
“Recently, there was a notable peak in daily transaction volume, reaching a three-month high with 98,000 transactions in a single day.”
ADA Whale Accumulation Skyrockets
With respect to the net inflow from major stakeholders, there’s been an eye-catching increase of +1,510% over the last 30 days, hinting at a possible accumulation by whales. The accompanying graph further emphasizes that most of the activity has been primarily directed towards inflows.
An investigation into the profitability of addresses reveals that 22% are currently profitable, 5% are just breaking even, and a significant majority of 73% are experiencing losses at the present price point.
ADA’s value has experienced a substantial decline from its all-time high of $3.10 in August 2021. Since the beginning of this year, the coin has been trading within a range of $0.25 to $0.46.
The conclusion indicates that the majority of users, currently bearing losses, persist in holding onto their tokens, hopeful of an upcoming price recovery. Despite considerable setbacks in recent months, a large number of users are remaining resilient, awaiting an expected rise in price.
Moreover, the total value locked (TVL) in Cardano’s DeFi ecosystem has surpassed the 400 million mark in ADA, which is Cardano’s native digital currency. As per the latest figures, the TVL amounts to 429.5 million ADA, and when translated to USD, the value stands at $158.19 million.
The latest on-chain data paints a promising picture for Cardano’s future. As more users continue to join and interact with the network, we can expect to see these positive trends continue.
DeFi Stakers Are Moving on From Polygon (MATIC) To TMS Network – And It’s for A Reason!
A notable shift is underway in the world of decentralized finance (DeFi) as stakers are making a decisive move from Polygon (MATIC) to the TMS Network, and the motivations behind this transition are clear. The departure from Polygon (MATIC), a once-prominent platform, is driven by compelling factors that have captured the attention of DeFi enthusiasts. The emergence of the TMS Network (TMSN) has sparked excitement and enticed DeFi stakers to explore greener pastures for better opportunities!
Polygon (MATIC) Price Analysis – Bears Seem to Take Over
The recent performance of Polygon (MATIC) has seen a significant downturn in the last month. Over the past 30 trading days, MATIC experienced a substantial decline in value from $1.17 to $0.84 or a drop of approximately 32.26%.
Moreover, on-chain data reveals a concerning trend of investors withdrawing funds from the Polygon (MATIC) ecosystem following the completion of Ethereum’s Shanghai Upgrade.
Since April 13, approximately 92 million MATIC tokens (equivalent to 1% of the total circulation supply) have been unstaked from various smart contracts. The decline in the percentage of MATIC staked in smart contracts began just a week before the Shanghai Upgrade, increasing the supply of tokens available for trading on exchanges.
This departure of stakers has raised concerns about the future trajectory of the Polygon (MATIC) price, leading to bearish predictions among traders. If the supply surpasses demand, it could exert downward pressure on the Polygon (MATIC) price.
The bearish price predictions for Polygon (MATIC) could materialize unless investors begin to withdraw coins from exchanges. If staking dynamics fail to improve, IntoTheBlock’s In/Out Money Around Price data suggests a potential retracement of Polygon’s price towards $0.75.
Simply put, should the bears successfully surpass the support level of $0.83, the Polygon (MATIC) price will likely decline to around $0.75. Nevertheless, the bulls have an opportunity to invalidate the negative predictions by pushing the Polygon (MATIC) price above $0.90.
TMS Network – Nothing but Bullish Forecasts Ahead
TMS Network (TMSN) emerges as the groundbreaking solution to address the pressing challenges traders face today. This state-of-the-art, purpose-built decentralized trading platform is the first of its kind, combining the worlds of cryptocurrency and derivatives to revolutionize the trading experience.
By tackling issues such as price uniformity, high fees, price manipulation, wash trading, transaction delays, inadequate trading experiences, and the lack of trading education, TMS Network (TMSN) provides a comprehensive solution for traders seeking a seamless and secure trading environment.
With TMS Network (TMSN), traders can easily connect their wallets and engage in trading activities. The user-friendly interface and intuitive features that TMS Network (TMSN) provides enable smooth trading experiences, accompanied by the flexibility to withdraw funds directly to the wallet.
To ensure optimal trading results, TMS Network (TMSN) introduces trading bots and a strategy builder equipped with a robust back tester, empowering traders to minimize emotional decision-making and maximize their trading strategies’ efficiency.
TMS Network (TMSN) represents a paradigm shift in the trading industry, where traders are no longer limited by traditional barriers. During the public presale in progress, the TMS Network (TMSN) native token is trading at $0.088 and has displayed an astonishing increase of 4300% from its initial price.
Experts anticipate that the TMSN token could experience a 100x surge in value before the end of 2023, positioning TMS Network (TMSN) as a highly attractive investment opportunity, capturing the attention of investors in an increasingly competitive crypto landscape.
Explore the TMS Network presale here:
Presale: https://presale.tmsnetwork.io/
Website: https://tmsnetwork.io/
Telegram: https://t.me/tmsnetworkio
Twitter: https://twitter.com/tmsnetwork_io
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Cardano Network Sees Increased Bullish Activity! Will ADA Price Make a 180 Flip?
Though the crypto market is currently hovering near a red zone, the Cardano network shows bullish sentiment amid a massive selloff. Investors are now focusing more on potential altcoins as Bitcoin and Ethereum prices fail to meet bullish expectations. Recently, ADA bulls are making an upward push in Cardano’s DeFi activities, which may soon act as a catalyst in pushing the altcoin’s price above its monthly resistance levels.
ADA’s TVL Touches 400 Million
In recent months, Cardano (ADA), the blockchain platform renowned for its groundbreaking decentralized finance (DeFi) solutions, has been achieving notable progress. The Cardano DeFi ecosystem is steadily approaching a significant milestone, with nearly 400 million ADA, the native cryptocurrency of the Cardano network, locked in total value.
As of May 19, the current total value locked (TVL) stands at 398.55 million ADA, equivalent to approximately $148.55 million, according to data sourced from DeFiLlama. Furthermore, it is noteworthy that the total ADA locked briefly surpassed 400 million ADA on May 14, although it retraced shortly thereafter.
In addition, there are indications from other sources that Cardano has already exceeded the milestone of 400 million ADA in total value locked.
Total value locked (TVL) denotes the quantity of cryptocurrency that is secured within smart contracts in the DeFi ecosystem, acting as a gauge of the system’s overall activity and liquidity. Cardano’s remarkable TVL of 400 million ADA showcases the increasing trust and enthusiasm surrounding the platform’s DeFi solutions.
Moreover, there is a recent influx of funds ($154) into the wallets of major ADA holders, representing the most substantial increase since early May. Nevertheless, it is crucial to acknowledge that this activity does not inherently guarantee a positive outcome.
What’s Next For ADA Token?
During the previous week, ADA made an attempt to surpass the crucial resistance level at $0.38 but fell short. As of the time of writing, the price seems to be consolidating within the range of $0.368 to $0.375, indicating the possibility of an imminent decisive moment.
The support level at $0.365 holds significant importance and is unlikely to be tested, given the eagerness of buyers to acquire the altcoin during pullbacks. However, despite their efforts, the bulls have thus far been unable to breach the key resistance level of $0.38.
Analyzing the 4-hour price chart, ADA price has faced a strong rejection near the EMA200 trend line at $0.38, pushing the price below its current 38.6% Fib level. Bears have now sent the price below the EMA100 level, hinting that bulls are losing confidence.
It is expected that ADA price will soon test support at $0.365 and initiate a surge above $0.38, resulting in a smooth bullish rally to $0.394.
TMS Network Continues To Be The Talk Of The Town, While Binance Shows a Bearish Trend, And Kucoin Is On An Uptick
The ever-evolving and rapidly changing crypto space has new updates and news to offer every other day. Binance (BNB) witnessed a surge in price due to the latest update on the platform, giving hope to investors. Kucoin (KCS) has also witnessed some bullish momentum due to the meme coin listing. TMS Network (TMSN) continues to send waves through the crypto world with magnificent growth in its presale.
Binance (BNB) announces updated trading bots
Binance (BNB) has been showcasing a persistent bearish trend. Relating to the false alarm of the US government selling its Binance holdings, the BNB price has taken a record plunge. Binance (BNB) faced its biggest drop in nearly two months, falling to $301. However, on the daily chart, Binance (BNB) has been showing a slight recovery with high volatility. In the past 24 hours, Binance (BNB) has risen by 1.6%. Currently, Binance (BNB) is exchanging hands at $312.97. Binance (BNB) took to Twitter recently to introduce updated trading bots. This feature allows for automated trading on Binance (BNB) with the help of various strategies such as spot grid, futures grid, auto-invest, etc. This news helped Binance (BNB) get back on its feet as on-chain activity shot up.
Kucoin (KCS) lists Pepe Coin, leading to a surge
KCS has been gaining attention after the Kucoin exchange listed Pepe (PEPE) coin. Thus, KCS, the native coin of Kucoin project, has witnessed a surge in prices. According to Coinmarketcap, Kucoin (KCS) has risen by 1.41% in the past 7 days. This listing is paving the way for the upcoming meme coin revolution. Kucoin (KCS) also took to Twitter to announce its plan to list other meme coins that include AIDOGE, WOJACK, MONG, etc.
Kucoin (KCS) is currently trading at $7.6. With a market cap of $741,102,867, Kucoin (KCS) has been on the rise. However, in the past 24 hours, Kucoin (KCS) has witnessed a downturn and has experienced a drop of 0.8%.
Whales flock towards TMS Network (TMSN)
TMS Network (TMSN) has been thriving with investor attention as the crypto world rushes to grab its share. With impressive and explosive first and second stages of the presale, TMS Network (TMSN) has managed to leave its peers and other established projects behind and top the charts. Being the first of its kind, TMS Network (TMSN) has some very unique features to offer, such as allowing users to trade multiple derivatives on a single platform. Other features include trading tools such as a social network, an on-chain analytics strategy builder, etc. that allow both experienced and amateur traders to utilize the platform to make profitable trades.
TMS Network (TMSN) also focuses on investor awareness by providing educational content on the platform. Another key aspect is that the TMS Network (TMSN) enables users to earn commissions on every trade. This commission is a percentage of trade volumes and is distributed to TMS Network (TMSN) token holders through smart contracts. The spectacular 2800% growth shown by TMS Network (TMSN) is truly commendable. Currently, TMS Network (TMSN) is available for $0.093.
Presale: https://presale.tmsnetwork.io
Website: https://tmsnetwork.io
Telegram: https://t.me/TMSNetworkIO
Twitter: https://twitter.com/tmsnetwork_io
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Woo Network (WOO) and Mina Protocol (MINA) Experience Varying Bearishness as Yachtify (YCHT) Consolidates Growth
Filtering through the many price activities going on in the crypto market, we take a look at the sharp dipping price of Woo Network (WOO) and the relative bearishness of Mina Protocol (MINA).
Woo Network (WOO) and Mina Protocol (MINA) provide a typical case study for the general slipping trajectory of many cryptocurrencies in the market at the moment.
However, Yachtify is rising in value and on its way to becoming the next blue-chip crypto investment platform.
Yachtify (YCHT) Experience Exponential Rise as it Gears for Launch
Investors are rallying around the Yachtify project after discovering the massive potential for growth that the project harbors. Currently, at its presale phase, Yachtify will become the world’s first investment platform based on the blockchain network that gives investors the opportunity to invest in the yacht industry by buying, selling, renting, and owning luxury yachts, jet skis, and more.
Also, those who invest in the token now as the pre-sale is going on will earn a share of the revenue of the Yachtify platform’s fees for as long as they hold the YCHT tokens. At the price value of only $0.10 per YCHT token presently, investors can own a Yachtify token, and this token has shown high potential for growth of up to 4,000% in the near future.
Users can also trade fractionalized NFTs on the platform, which represent luxury assets of yachts, jet skis, luxury boats, and more. The Yachtify project is backed by SolidProof Network by passing its audit at pre-launch. To ensure the safety of investors’ assets, liquidity will be locked for a lifetime. Investors may want to invest in the Yachtify project now, as an early investment is where exponential gains are made.
We believe that the Yachtify project is a viable and statistically promising investment opportunity which you should take a look at below:
Join Presale: https://buy.yachtify.market
Website: https://yachtify.market
Telegram: https://t.me/yachtify
Twitter: https://twitter.com/yachtify_market
Bear Action for WOO Network (WOO)
In the last 24 hours, WOO Network (WOO) has lost -13.7% in price value. This confirms a bearish run for WOO Network (WOO), which has not seen any rally in price in the last three weeks. WOO Network (WOO) lost -15.4% in the last 7 days. Also, the last 14 days saw WOO Network (WOO) lose another -14.7% in price value.
The coin started the year on a positive note, reaching $0.33 on 16th April. However, since then, the coin has not made significant progress.
Currently, WOO Network (WOO) is trading at $0.22 with a 24-hour trading volume of $41 million. The WOO Network (WOO) is ranked #95 in coinmarketcap with a live market cap of $376 million. There are over 1 billion WOO Network (WOO) coins in circulation.
Slight Negative Price Action for Mina Protocol (MINA) Confirms an Extended Bearish Run
After losing 5% in the last 24 hours, Mina Protocol (MINA) is suggesting an elongated bearishness. This is coming after Mina Protocol (MINA) went through a -14.8% loss in price value in the last 7 days. The last 14 days saw Mina Protocol (MINA) lose 18.4% in price value which points to unfavourable market forces for the token.
Recall that Mina Protocol (MINA) coin crossed the $1 prediction in February, which led to rumors that the coin could exceed expectations this year. However, the price trend of the coin since then has left crypto enthusiasts worried, with many reviewing their previous predictions of the coin exceeding $5 in the year.
Meanwhile, Mina Protocol (MINA) is currently trading at $0.55 with a market cap of $489.27M. The 24-hour trading volume of Mina Protocol (MINA) is $20.64M. Mina Protocol (MINA) has a circulating supply of 897.52M.
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Binance Completes Integration Of Conflux Network Mainnet; Can Ape Brigade Be Next?
Binance, the world’s largest cryptocurrency exchange, announced on Thursday the successful integration of the Conflux Network (CFX) mainnet. While the listing of Conflux Network (CFX) was initially announced in March 2021, trading was previously limited to BEP20 CFX tokens.
On May 11, Binance officially confirmed the completion of integrating the Conflux Network (CFX) mainnet, and now, users don’t have to convert their CFX tokens to BEP20 before trading them on the market. As a result, CFX tokens can now be directly traded. Additionally, users can deposit and withdraw CFX tokens from Binance using BNB Smart Chain (BEP20), Conflux eSpace, or the Conflux Core Space.
On the other hand, Ape Brigade (APES) is a captivating new meme coin that is currently in its presale phase. This simian-inspired token has the potential to dominate the market, and here’s why it’s gaining attention.
Ape Brigade, The Meme Coin Making a Splash in the Market
The Ape Team is driven by a dedicated community that deeply cares about animals, specifically apes. Their main mission is to increase awareness and provide support for conservation initiatives focused on protecting apes and other wildlife. Notably, they have allocated an exclusive portion of 10% of the total token supply to directly contribute to this noble cause.
The Ape Brigade aims to cater to its community as well. A significant 20% of the token supply will be secured in a dedicated liquidity pool to ensure stability and liquidity. Additionally, they have introduced an incentivized staking system, enabling users to receive rewards by staking their APES coins. Notably, another impressive 15% of the total token supply is exclusively reserved for rewarding stakeholders.
Ape Brigade not only showcases social consciousness but also demonstrates impressive technological advancements. Operating as an ERC-20 token on the Ethereum blockchain, it provides a secure, transparent, and easily accessible token for users worldwide. The Ape Brigade’s ambitious roadmap extends further with the development of an NFT Space, poised to play a crucial role within their ecosystem, opening doors to exciting possibilities.
Riding the Chinese Blockchain Wave with Skyrocketing Demand and Strategic Alliances
The surge in demand for Chinese blockchain projects has driven up Conflux’s trading volume. As the only compliant blockchain in China using Tree-Graph consensus, Conflux has seen a 1500% price increase fueled by AI hype. Partnerships with China Telecom and Little Red Book, along with Uniswap V3 deployment, have boosted liquidity. Though CFX prices dropped 40% recently, Binance’s support may lead to a rebound. CFX currently trades at $0.2483, down 5.59% in 24 hours, with a modest increase in trading volume of 19.37% in the last day.
Unveiling the Ascendancy of Binance’s Thriving Ecosystem
Binance Coin (BNB), the token launched by the globally renowned Binance cryptocurrency exchange, has been scaling new heights. In February 2023, it surged to a remarkable $335 and presently maintains a value of approximately $303.58 with a market capitalization of $47.4 billion.
This soaring success of BNB can largely be attributed to the flourishing Binance ecosystem, anchored by Binance Smart Chain (BSC). Serving as a high-performance blockchain, BSC empowers the creation of decentralized applications (dApps) and decentralized finance (DeFi) protocols. By offering lower transaction fees and faster processing times compared to Ethereum, BSC has emerged as an appealing option for DeFi developers and users, propelling the popularity of Binance Coin to unprecedented levels.
Amidst widespread setbacks and price declines in the crypto market, meme coins stand out as a bright spot. While altcoins face challenges, it is crucial to recognize that most meme coins offer limited utility and are susceptible to higher market volatility. Therefore, meme coins should have a well-defined roadmap that incentivizes community participation while actively fostering its expansion.
In this context, Ape Brigade emerges as a promising contender, primarily due to the value it adds through its supported cause. With its distinctive features and strategic initiatives, Ape Brigade captures the attention of investors, making it a noteworthy choice to monitor.
Get ready to join the Ape Brigade and witness the rise of a meme coin with a purpose!
Website: https://apebrigade.io/
Twitter: https://twitter.com/_ApeBrigade_
Telegram: https://t.me/ApeBrigadeOfficial
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Yachtify Presale Soars, 1Inch Network and Tron Crash
Many investors are searching for new investment options, especially one that will surpass Ethereum (ETH). However, few tokens are finding it easy in the market, with 1Inch Network (1INCH) and Tron (TRX) struggling to maintain stability. As such, many are turning to Yachtify, which is bringing an innovative approach to the blockchain industry.
Yachtify is working to create a cooperative ecosystem by forming partnerships with yacht charter companies worldwide and making the Yachtify token usable as a payment method on their websites. By working together, Yachtify will be able to reach even more people around the world and establish a firm footing for future expansion and leadership in the cryptocurrency industry.
Yachtify (YCHT): The Amazing Crypto Project Investors Are Trooping Into
For a long time, only the wealthy and the famous could afford to participate in the luxury yacht market. However, Yachtify plans to shake things up by introducing a revolutionary model for fractional yacht ownership using blockchain technology and NFTs. The goal of this groundbreaking platform is to make investing in luxury yachts more accessible to Bitcoin enthusiasts and investors generally.
Due to rising demand and shifting consumer tastes, Yachtify believes the luxury yacht sector has the potential for exponential expansion. Yachtify’s innovative fractional ownership model gives investors access to this booming industry, allowing them to enjoy the perks of luxury yacht ownership without taking on the total financial and logistical burden of outright ownership.
If you decide to invest in Yachtify, you’ll have access to a revolutionary platform that makes yacht ownership more accessible to the masses and opens up new avenues for generating income. With this fresh perspective, boat ownership and investment may be opened to a broader demographic, and the Bitcoin (BTC ) investment market can expand into uncharted territory. If you buy now, you will get a YCHT token for $0.10 now that it is on presale.
Join Presale: https://buy.yachtify.market
Website: https://yachtify.market
Telegram: https://t.me/yachtify
Twitter: https://twitter.com/yachtify_market
1Inch Network (1INCH) Forecast: Will the Price of 1INCH Rise?
1Inch (1INCH) Network currently trades at $0.42 and is presently ranked #100 in coinmarketcap. Regarding market capitalization, 1Inch Network (1INCH) has a live market cap of $339 million with over 816 million 1Inch Network (1INCH) coins in circulation.
The value of the cryptocurrency has gone up $0.01 in the past 24 hours. Since last Sunday, 1Inch Network (1INCH) has been on an upward trend, rising by 8.94%. The price of 1Inch Network (1INCH) has soared in the past month, increasing by 21.19%.
Experts predicted earlier this year that the price of 1Inch Network (1INCH) would be $0.539946. The highest price that it might achieve is $0.619938. With this trend, analysts are undecided whether 1Inch Network (1INCH) network will show a significant increase in price in May 2023.
Tron (TRX) and BitTorrent (BTT) to launch New Memeverse Carnival Event
Huboi revealed their new strategic alliance with Tron (TRX) and BitTorrent (BTT) on May 6th to kick off a new Memeverse Carnival. Tron (TRX) and BitTorrent have joined together to offer full backing for the growth of meme tokens and their ecosystems.
The Tron (TRX) DAO Ecosystem Fund has announced that it will establish the Memeverse Fund with a total of 20,000,000 TRX to be used as prizes for the most successful meme token initiatives within the Tron (TRX) ecosystem.
Tron (TRX), which had been slow to get going, has shown encouraging signs of life in the past several days. The company claims the Tron (TRX) staking ratio is over 48%. Also, the company reported that the number of Tron (TRX) stakes had also increased and that Tron (TRX) staking community has grown over the past week, as shown by Staking Rewards’ chart.
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TMS Network Raises $5.2 Million, While Cardano Fails to Benefit from Its Upgrade, and Solana Plummets Further
Today, there are thousands of cryptocurrencies and blockchain-based projects, each with its unique set of features and potential for growth. With so many options available, it can be overwhelming to choose the cryptocurrency or blockchain to invest in or use for your business. In this article, we’ll be focusing on three popular blockchain platforms – TMS Network (TMSN), Cardano (ADA), and Solana (SOL).
Experts recommend Cardano (ADA) investors to stay cautious
As investors in the Cardano project looked for signs of growth after the launch of its delayed Vasil upgrade a few months back, ADA volatility increased in 2023. This has made predicting the price of Cardano (ADA) a bit more difficult than it may have been otherwise, especially in light of a market upturn in early 2023. The recent price analysis of Cardano (ADA) indicates a significant bearish trend, as the coin has recently broken much below its price levels that were achieved in January. Since the month’s opening, sellers have been exerting pressure on the price. As of writing, Cardano (ADA) is trading at $0.36, and is trending down. The bears have been exerting significant effort to push the price of Cardano (ADA) further below. Currently, the price of Cardano (ADA) is showing that the coin is continuing its downward trend, and has plummeted by 7% in a month. Additionally, Cardano (ADA) has also dropped 88.30% from its peak value of $3.10.
Solana (SOL) drops by 8.48% in a month
The monthly price chart for SOL reveals a significant decrease below $22 due to selling pressure from investors. Strong bearish pressure in the market has brought Solana’s (SOL) price down to a new monthly low. The possible reason for this decline is the overbought condition that has been attained as Solana (SOL) continues its climb. The upswing in Solana’s prices (SOL) has been paused currently as the price is facing rejection at its peak prices. In the coming weeks, technical experts suggest that the price of Solana (SOL) will stay confined to a limited range between $20 and $23. In the past month, buyers were controlling the price action, but now sellers have been making profit, pushing the price of Solana (SOL) down. Once the bears halted the ongoing bullish lead, the price of Solana (SOL) moved down to $20.57, where it has stayed since. If the current selling pressure in the market continues, the price can fall considerably. The price of Solana (SOL) dropped 7.41% this past week.
TMS Network’s (TMSN) price grows to $0.088
The revolutionary decentralized platform of TMS Network (TMSN) has taken over the trading industry. TMS Network (TMSN) is a cutting-edge trading solution that leverages the Ethereum blockchain to address critical challenges in the crypto industry. TMS Network (TMSN) decentralized trading platform aims to disrupt the conventional trading paradigm by enhancing accessibility, efficiency, and security. By cutting out the middleman, TMS Network (TMSN) is able to provide its users with more favourable trading conditions, faster transaction times, and reduced fees.
The current presale value of TMS Network (TMSN) stands at $0.088, marking a threefold surge from when it first launched. Based on market analysis, there is a strong possibility that TMS Network (TMSN) may experience a significant surge in value, potentially exceeding $1.00 by year-end. This could result in substantial returns of up to 100x for investors who choose to allocate their resources towards TMS Network (TMSN).
Presale: https://presale.tmsnetwork.io
Telegram: https://t.me/TMSNetworkIO
Twitter: https://twitter.com/tmsnetwork_io
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Terra’s Network Revitalization Plan Progresses; LUNC Price is Preparing for a Major Breakout!
It’s been a year of the most dreadful events in the crypto space, wherein the Terra ecosystem collapsed, bringing the value of its token from its highs to almost zero. Since then, many efforts have been carried out to revive the ecosystem, with the creation of Terra (LUNA) being the most prominent one. However, the impact remained negative as both Terra Classic (LUNC) and Terra (LUNA) continued to face bearish pressure while the platform’s native algorithmic stablecoin, TerraUST (USTC), remained heavily depegged.
The Terra Classic community recently submitted proposal 11511 to bring considerable improvements to the chain along with an upgrade to v2.0.1 LBA. This proposal was set to be voted on a couple of days ago and has now achieved 77.41% positive responses.
Now that just another 4 days are left in voting, the proposal has a staggering 99 percent vote for ‘Yes’. Once the community passes the proposal, the upgrade is expected to occur on May 17, 2023. This may bring the LUNC blockchain a step closer to parity with the Cosmos and Luna 2.0 networks. In the meantime, the native token, LUNC, is accumulating strength and preparing for a giant breakout.
The LUNC bulls are fighting the bears with acute strength and preventing the price from dumping further. The Bollinger bands have expanded massively, and as the prices are accumulating at the support levels of the bands, a significant rebound appears imminent. Moreover, the RSI is hovering near oversold levels, which may trigger an upswing as the strength of the rally, the ADX, is bullish.
Therefore, the Terra classic (LUNC) price is believed to trigger a massive upswing toward the targets around $0.00014 in the next couple of weeks.
2024 Price Prediction Shows NEAR Protocol and SSV Network Might Recover While Uwerx Presale Makes Ground-breaking Advancements
The crypto market is filled with thousands of new cryptocurrencies, making it challenging to pinpoint tokens that will significantly benefit its holders and investors. Also, it is difficult for these new tokens to succeed since users and investors are skeptical about purchasing or investing in them.
However, a new crypto Uwerx, will be breaking that barrier and making ground-breaking advancements, and its presale is a testament to this.
Uwerx’s revolutionary features make it likely for the project to quickly supersede old players in the game, such as NEAR Protocol (NEAR) and SSV Network (SSV), which are still trying to recover from the bear market.
NEAR Protocol (NEAR): Enabling The Development Of dApps
NEAR Protocol (NEAR) is a decentralized protocol enabling users to develop decentralized applications (dApps). As a Layer-1 network, NEAR Protocol (NEAR) focuses on reduced transaction costs and higher transaction speed, making it Ethereum (ETH) and Solana’s (SOL) rival.
A critical factor that has enabled NEAR Protocol (NEAR) to achieve these is sharding, a technique in which its blockchain infrastructure is divided into smaller segments. This helps the platform split the work across different validators, improving efficiency and scalability.
Also, NEAR Protocol (NEAR) is on its way to enabling infinite scalability by integrating nightshade, a form of sharding in which the blockchain is divided into smaller chains.
NEAR Protocol (NEAR) still has a long way to go. Its issue is mainly related to governance, as it is believed the platform needs to be fully decentralized to be regulated by SEC. Also, its security is to be questioned. This is because NEAR Protocol (NEAR) reported a hack last year. The bear market took a toll on NEAR Protocol (NEAR), and the token still remains in the dip.
SSV Network (SSV): Building ETH Staking Applications
SSV Network (SSV) is a Layer-0, decentralized staking platform that makes it easier to stake ETH while enabling Ethereum’s (ETH) scalability. SSV Network (SSV) uses the Distributor Validator Technology (DVT) to divide Ethereum (ETH) validators and run them across non-trusting nodes.
Many applications like staking pools and services, solo stakes, and DAOs are primarily favoured by the SSV Network (SSV).
Although SSV Network (SSV) enables Ethereum staking and makes it less complex, the platform has yet to solve its network issues and devise a way to handle the traffic. The SSV token is trading at $25.20 with over 4% decrease in the past 24 hours.
Uwerx (WERX): Revolutionizing The Freelancing Industry
With the freelance economy booming and about 56.7 million Americans freelancing today, technology is needed to ensure complete transparency and cooperation between freelancers and clients. This is where Uwerx will step in as a revolutionary project that will bring blockchain technology to the freelance industry.
Uwerx’s use of blockchain will bring decentralization, protection of intellectual property rights, and a meager transaction fee. Uwerx will charge a 1% service fee, a relatively cheap amount compared to the 10% or 20% set by centralized platforms like Upwork and Fiverr.
Uwerx will also be big on its security. As such, the project has been audited and approved by InterFi Network and SolidProof. Also, its token, WERX, will be used for transactions, adding extra security to the platform.
Uwerx’s presale has gained massive interest from investors, making it a sensation.
The WERX token is currently trading at $0.0225. This is a massive increase from the $0.0225 it previously traded. There will be a further price increase to $0.012 by May 6. Also, due to the increased demand and confidence in the project, Uwerx has revised its launch price. It will now be launching at $0.095 – $0.115. This is an increase from the former $0.09 – $0.11.
The total supply of the WERX token will be 750,000,000, and 57% of this is available at the presale stages. This is a drastic increase from the 45% previously allocated to the presale. This shows that Uwerx is growing faster than we imagined.
The Uwerx team is taking vital steps to ensure the project’s sustainability by renouncing project smart contract ownership as soon as Uwerx launches on centralized exchanges. It will also start a 25-year liquidity lock when the presale ends. More recently, it launched the Uwerx Vault, a feature that allows users to save their tokens for a desired duration.
To further demonstrate they place their users above themselves, Uwerx’s founding team has decided to reduce their token allocation from 8% to 7%. The team is also working hard to release the Alpha version of the Uwerx platform as soon as possible. It will have a clean and simple-to-use interface
Uwerx has a roadmap, and its ongoing presale is perfect for tapping into the project’s endless opportunities. You can gain a 20% discount if you purchase the WERX token now. So, hurry up before the door shuts.
To learn more about Uwerx and the presale, click the links below:
Website: https://www.uwerx.network
Presale: http://invest.uwerx.network
Telegram: https://t.me/uwerx_network
Twitter: https://twitter.com/uwerx_network
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Ethereum Price Recovers Slightly Despite the Network Outrage; Is the $2000 Target Still in Play?
The second-largest crypto faced a major network outrage in the past few hours as it struggled to finalize blocks. This sparked major security concerns among the ETH holders as the clients started to release patches to fix the network’s stability. Similar to Bitcoin, unconfirmed transactions piled up over the network as they failed to reach finality.
Presently, the Ethereum blockchain is processing transactions smoothly, as the outrage lasted only for over 25 minutes. Regardless of this, the on-chain activity of the network remained unimpacted, along with the value of the token. The ETH price is currently surging beyond the crucial resistance of $1800 but has yet to validate the breakout.
The ETH price is trading within a rising wedge pattern and is currently testing one of the major resistance levels at $1800. A rebound from these levels may lift the price back toward $1900, which may pave the way for the token to reach $2000 in the coming days. Otherwise, a breakdown may drag the price back below $1800. Further, if the bearish action continues, the trend may even drag close to $1700.
Technical experts believe that the Ethereum network did not halt, but only a few blocks failed to reach finality. Hence, it can only be considered a technical issue rather than a network outrage. Besides, incidence like these may impact the development activity on the chain. Regardless o all these, the ETH price continues to remain unaffected and may continue to rise ahead.
TMS Network (TMSN) Attracts Bitcoin Whales, Fantom (FTM) Continues to Move Sideways and Wrapped Bitcoin (WBTC) Gets a Bearish Rating
Wrapped Bitcoin (WBTC) and Fantom (FTM) aligned with the overall market crash this month and registered a downward movement. However, TMS Network (TMSN) is taking advantage of its solid position to attract more investors.
TMS Network (TMSN) Is Racing Ahead in the Presale
TMS Network (TMSN) is a state-of-the-art decentralized platform to trade derivatives instantly. Users can connect their wallets to TMS Network’s (TMSN) platform, and start trading without creating an account or waiting for verification. TMS Network (TMSN) allows users to access all major exchanges without opening multiple accounts. From equities to forex, CFDs, and more, TMS Network (TMSN) can be used to trade any derivative via cryptocurrency.
The social trading infrastructure of TMS Network (TMSN) helps users to copy the best traders to minimize losses and increase profits. Novice traders can join the Trading Academy on TMS Network (TMSN) to learn for free, and take help from the trading bots to make faster decisions. With so much to offer, it’s no surprise that TMS Network (TMSN) token is popular in the market. TMS Network (TMSN) shot up to $0.088, and is expected to increase soon. Investors who buy TMS Network (TMSN) tokens during the presale are eligible for additional rewards, benefits, and voting rights.
Wrapped Bitcoin (WBTC) Is Down, Gets a Bearish Rating
The crypto market was down by 3.75% earlier this week. Following the pattern, Wrapped Bitcoin (WBTC) fell by 4.22% on the same day, and is down by another 1.3% at press time. Though the month-long graph of Wrapped Bitcoin (WBTC) looks promising, analysts have put the token closer to a bearish rating. InvestorsObservers posted that Wrapped Bitcoin (WBTC) earned a bearish rating based on its performance last week. Wrapped Bitcoin (WBTC) fell below the support level and continues to struggle. With support set at $28,556.95, and resistance at $29,129.34, Wrapped Bitcoin (WBTC) is volatile.
An increase in sellers will push Wrapped Bitcoin (WBTC) further down, and strengthen the bearish trend. Analysts say that the decrease in trading volume, and the current situation make it unlikely for Wrapped Bitcoin (WBTC) to cross the support level soon. At press time, Wrapped Bitcoin (WBTC) is priced at $27,611.68 with a 26% decrease in the trading volume and a 1.35% decrease in the market cap. Investors should assess the situation before investing in Wrapped Bitcoin (WBTC).
Fantom (FTM) Unable to Break Sideways Movement, Loses 5% in a Day
Fantom (FTM) has established a lateral movement for a while now. Though Fantom (FTM) registered a few spikes, it is still below the $0.45 mark. Fantom’s (FTM) struggle is surprising since the developers are revamping the ecosystem to attract more investors. There are rumours that Fantom (FTM) might launch a crypto bank in 2023. If this happens, Fantom (FTM) users will have more opportunities to multiply their investments and earn greater rewards. However, the trading volume of Fantom (FTM) has declined in the last few days (compared to Q1 reports). Based on this information, analysts predict that Fantom (FTM) may not rally to go bullish anytime soon. The resistance level at $0.4475 is crucial for Fantom (FTM). Let’s wait and see if Fantom (FTM) can first cross the support level at $4.
Presale: https://presale.tmsnetwork.io
Website: https://tmsnetwork.io
Telegram: https://t.me/TMSNetworkIO
Twitter: https://twitter.com/@tmsnetwork_io
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TMS Network (TMSN) Profits Increase Massively, Sui (SUI) Crashes after Mainnet Launch and Ripple (XRP) Could be Bearish by May End
The crypto market is always fascinating. Sui (SUI) crashes after the launch, and Ripple (XRP) goes down during the last week. However, TMS Network (TMSN) continues to be strong during the presale.
TMS Network (TMSN) Is Attracting Investors With the Commission Revenue Sharing Model
TMS Network (TMSN) is the first decentralized platform for users to trade derivatives instantly. TMS Network (TMSN) platform doesn’t require account verification or permission. Users can directly connect their wallets to TMS Network (TMSN), and start trading all types of derivatives without using fiat currency.
TMS Network (TMSN) offers token holders additional rewards to help them generate a higher passive income. Known as the commission revenue sharing model, users who hold TMS Network (TMSN) tokens are eligible to earn a commission from the revenue generated by the trading volume on the platform. As the trading volume increases on TMS Network (TMSN), token holders will get more commission as a reward.
Furthermore, TMS Network (TMSN) offers exclusive voting rights and benefits to investors who buy the native tokens during the presale. TMS Network (TMSN) token recently had a price hike to reach $0.088. Experts predict another increase in the coming days. Buy TMS Network (TMSN) today to get a 30% deposit bonus (limited period offer).
Sui’s (SUI) Price Goes Down After the Official Launch
Sui (SUI) Mainnet was officially launched on 3rd May 2023, to compete with high-powered platforms like Ethereum. However, the Sui (SUI) token suffered after the launch. The price of the Sui (SUI) token fell by 47%. Sui (SUI) went from $2.16 to $1.15 even as the token was listed among the top 100 cryptocurrencies by market cap. While Sui’s (SUI) trading volume stayed above $500 million on 4th May, it began to hover between $400 and $300 million. Though Sui’s (SUI) price improved, it is still below the $2 mark. At the time of writing, Sui (SUI) is priced at $1.16 after losing 11% in the last 24 hours. Analysts say this price drop is expected as the price of most crypto coins falls soon after the launch. Users are hopeful that Sui (SUI) will regain its momentum. We’ll have to wait and see how long it takes Sui (SUI) to cross $2.
Ripple (XRP) Shows Signs of Going Bearish
A lot is happening around Ripple (XRP). Firstly, the Ripple (XRP) community is targeted by a fund attack, according to the alerts sent by the company. Ledger cautioned Ripple (XRP) token holders about fake token allocation claims and asked them not to share their seed phrase with anyone. In other news, the centralization of Ripple (XRP) and XRPL sparked controversy among other crypto companies. There are speculations that Ripple (XRP) might win the lawsuit as Judge Torres ruled against SEC. With so much going on, Ripple (XRP) should have a strong upward movement. However, the opposite seems to be the case. Ripple’s (XRP) price has been going down during the last seven days. In the first week of May, Ripple (XRP) fell by 4.16% to touch $0.4397. Experts predict Ripple (XRP) to go fully bearish by May end.
Presale: https://presale.tmsnetwork.io
Telegram: https://t.me/TMSNetworkIO
Twitter: https://twitter.com/@tmsnetwork_io
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Collateral Network (COLT) Remains Investors’ Top Pick
Does Tron coin have a future?
Tron (TRX) is a blockchain platform that aims to decentralize the Internet and its infrastructure. Justin Sun launched Tron in August 2017, but it started recording huge success later in 2018.
After crypto analysts checked the price fluctuations of Tron in 2023 and previous years, they predicted the average rate of Tron (TRX) might be around $0.074 in April 2023. It can drop to $0.069 as a minimum value, and the maximum value might be $0.078. This means a potential ROI of 11.4% for anyone that buys Tron (TRX) in April 2023 — based on Changelly’s report. Tron (TRX) is trading at $0.065 at the time of writing.
Is Cardano a good investment?
Cardano (ADA) is a smart contracts platform that has gained a strong community over the years because of its incredible potential. Also, its technical foundation and the ambitions of its team have made Cardano one of the top cryptocurrencies in the world.
After checking the price fluctuations of Cardano in 2023 and in previous years, crypto analysts have predicted the average rate of Cardano (ADA) to be around $0.399 in April 2023. It can drop to $0.379 as a minimum value, and the maximum value might be $0.419, as per data on Changelly.
So, anyone that buys Cardano (ADA) in April 2023 is looking at a potential ROI of 7.7%. The price of Cardano (ADA) is $0.387 at the time of writing.
Collateral Network (COLT) revolutionizing crowdlending
Collateral Network (COLT) is an Ethereum-based DeFi protocol that is revolutionizing the crowdlending process by enabling peer-to-peer lending through NFTs. Collateral Network is designed to streamline the financing process for borrowers and lenders, saving them from time-consuming traditional methods.
Collateral Network mints NFTs to represent tangible assets, such as art, rare coins, and luxury cars, which borrowers pledge as collateral on the platform. Also, these NFTs are fractionalized to allow many lenders to fund a given loan. While the lenders earn a fixed rate of interest, borrowers raise the capital they need faster.
Furthermore, the Collateral Network (COLT) token offers holders certain benefits like reduced borrowing and trading fees, staking rewards, and governance rights. As of press time, the Collateral Network presale is underway, and COLT tokens are available for purchase at just $0.014. Impressively, experts predict a growth rate of 3500% for Collateral Network (COLT) in the coming months.
For more information on Collateral Network visit the website, join the presale or join the community for regular updates.
Telegram: https://t.me/collateralnwk
Twitter: https://twitter.com/Collateralnwk
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A New Player in the DeFi Space As It Surpasses Oasis Network (ROSE)
Sparklo is a new cryptocurrency project that has joined the DeFi (decentralized finance) space. The project has some unique features that make it stand out from other projects in the space. This means it can become one of the top projects in the DeFi space.
One of the ways Sparklo stands out is through its use of NFTs (non-fungible tokens). These tokens ensure that precious metals, such as gold, silver, and platinum, have immutable ownership and are secure. This means that users can confidently trade these precious metals, knowing their ownership is guaranteed.
Sparklo operates on the Ethereum network, which is a popular blockchain platform. The project has its native cryptocurrency, called SPRK. This cryptocurrency is an ERC-20 token, which means it has the same standards as other tokens on the Ethereum network.
Let’s look at another DeFi project called Oasis Network (ROSE) and compare it with Sparklo.
Oasis Network (ROSE): Low-Risk Investment Opportunity with Major Changes on the Horizon
Oasis Network (ROSE) is a cryptocurrency that InvestorsObserver has given a low-risk score. This means it’s a relatively safe investment option for those who want to avoid risky investments.
In the past 24 hours, Oasis Network (ROSE)’s price has fallen by -1.98% to $0.06; this movement has been considered low risk due to lower trading volume and market capitalization.
The network combines scalability and low fees with a privacy-enabled architecture, making it a foundation for decentralized finance (DeFi), NFTs, data tokenization, data DAOs, and GameFi.
Oasis Labs, a contributor to the ecosystem, has partnered with major companies, including Meta, BMW Group, and Genetica, to develop platforms and products that promote data governance, privacy protection, and responsible data use.
The Oasis Network (ROSE) plans major changes in 2023 and aims to become a major player in the decentralized web or Web3. They are releasing an engineering roadmap and organizing community events to engage with developers worldwide.
These developments on the Oasis Network (ROSE) are predicted to affect the price of ROSE tokens positively. This is good news for long-term Oasis Network (ROSE) holders. Yet, we will have to wait and see if the price of Oasis Network (ROSE) will have significant growth in the future.
Sparklo (SPRK) Token Ongoing Presale
Sparklo presale presents a unique investment opportunity that allows users to invest in fractionalized NFTs backed by real-world assets such as gold, silver, and platinum bars. With a price of just $0.019 per SPRK token, interested participants can participate in stage 2 of its ongoing presale.
This presale stage has a 30% bonus available for all participants and will run until June 20, 2023. Click on the presale link below to get started.
Moreover, the Sparklo team has taken security and long-term measures, such as passing its audit with Interfi Network and locking liquidity for 100 years, making it a safe investment for long-term gains.
By investing early in this promising project, participants can potentially reap significant gains as Sparklo becomes the first alternative-investment platform tailored for cryptocurrency investors.
Therefore, buying Sparklo during its presale is essential for investing in a reliable and secure alternative-investment platform that offers fractionalized NFTs backed by precious metals. With its innovative approach, exclusive access to new products, and attractive tokenomics of supply, investing in Sparklo could potentially lead to significant gains for investors.
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Sui (SUI) Value Skyrockets Prior to Mainnet Debut, Collateral Network (COLT) Anticipates 35x Price Surge
One of the newest blockchain projects to hit the crypto scene, Sui (SUI), is pumping in an impressive fashion prior to its mainnet debut. But Sui (SUI) isn’t the only project that is seeing a surge in value. Collateral Network (COLT) has pumped 40% during the first stage of the presale, with its native token anticipating a 35x surge once the mainnet goes live. Let’s look at these two projects, and what could the future hold for them.
Key Factors Fueling Sui (SUI)’s Launch Hype
Sui (SUI) is a Layer 1 blockchain engineered to revolutionize digital asset (NFT) management. It’s designed to be fast, private, secure, and accessible to all users. Sui (SUI)’s unique object-centric approach enables efficient parallel processing, near-instant finality, and intricate on-chain assets.
Sui (SUI) was founded by Mysten Labs — a company that was formed as a spinoff of Meta’s Diem project. By September 2022, Mysten Labs successfully closed a $300 million Series B funding round for Sui (SUI), which contributed to the company’s impressive $2 billion valuation.
Mysten Labs envisions Sui (SUI) becoming the go-to platform for NFTs and gaming. By using the Move programming language, Sui (SUI) allows digital objects to be owned by a single user or shared among multiple users.
The price of Sui (SUI) was on offer during the presale for just $0.10 per token but has since skyrocketed to $1.28 per token — a surge of 1280%. Early investors who got in on the action are now enjoying astronomical gains.
There are a few reasons why Sui (SUI) has gained such traction. Most notably, it has a world-class team, a stellar product roadmap, and has received backing from high-profile investors These factors have all contributed to the project’s overwhelming demand prior to its Mainnet debut.
With the Aptos (APT) project — started by the other half of Meta’s Diem team — pumping by over 500% at the start of 2023, many investors turned to Sui (SUI) in anticipation of similar gains.
The Potential of Collateral Network (COLT): Analyzing the 35x Surge Prediction
With the Collateral Network (COLT) presale currently underway, the initial COLT token price of $0.01 has already risen by 40% to $0.014 and is expected to continue its ascent to $0.35.
Collateral Network (COLT) is a groundbreaking peer-to-peer lending platform that utilizes an asset-backed model to transform traditional borrowing practices. Collateral Network (COLT)’s pioneering approach involves converting physical assets into NFTs, which then act as collateral for loans on the blockchain.
Collateral Network (COLT)’s fractional lending system enables multiple investors to participate in a single loan, with each receiving weekly interest payments proportional to their stake. This structure democratizes lending, making it more accessible and equitable for everyday investors.
Through the use of smart contracts and automation, Collateral Network (COLT) streamlines transactions and reduces fees. Comprehensive details about each loan and collateralized asset are embedded within the NFT’s metadata, ensuring transparency and clarity for all parties involved.
Experts predict that Collateral Network (COLT) will transform the $7 trillion lending industry and foresee a potential 35X price increase when the token becomes publicly traded. This presents a unique opportunity for investors to capitalize on a potentially lucrative venture.
Find out more about the Collateral Network presale here:
Website: https://www.collateralnetwork.io/
Presale: https://app.collateralnetwork.io/register
Telegram: https://t.me/collateralnwk
Twitter: https://twitter.com/Collateralnwk
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Is The Banking Turbulence Good For Pepe, Uniswap And Collateral Network?
Over the last month, activity throughout the cryptocurrency market grew exponentially as uncertainty increased throughout the banking market. With the First Republic on the brink of collapse, market experts believe that Pepe (PEPE), Uniswap (UNI) and Collateral Network (COLT) could surge in value. Here’s why.
Collateral Network Could Revolutionize A $7.4 Trillion Market
With more people moving towards DeFi technology, projects like Collateral Network are in a strong position to gain market share from traditional businesses. Collateral Network is designed to disrupt the crowdlending industry and has already experienced a 40% price rise during its presale.
Instead of needing to sell their physical assets to raise cash, Collateralnetwork.io lets borrowers take out a DeFi loan against their assets by bringing them on-chain as an NFT. Each NFT is fractionalized and sold directly to lenders on the platform, who earn a fixed interest rate for the duration of the loan.
This innovative approach can provide borrowers with access to cash in just 24 hours without impacting their credit scores. Additionally, due to fractionalization, lenders can lend an amount that suits their budget.
The platform is designed to be easy to use, with cross-chain compatibility and borderless transactions to make raising a loan easier than ever. COLT tokens are currently available at $0.014 a token, and are predicted to rise to $0.35 by the end of the project’s presale.
Uniswap Rises 1.43% In The First Week Of May
Uniswap (UNI), one of the world’s largest decentralized exchanges, has experienced an increase in its user base following recent turbulence with centralized banks. As investors in both fiat and cryptocurrency begin to doubt the security of their finances, it’s believed that platforms like Uniswap (UNI) will grow in popularity. However, Uniswap (UNI) itself performed poorly throughout April.
Over the last month, Uniswaps (UNI) value has decreased by 12.70%, taking Uniswap (UNI) to lows of $5.21. The project has since bounced back to $5.30 and is expected to rise over the next few weeks following its recent Gauntlet update. While its recent performance has been one of ups and downs, Uniswap (UNI) plays an integral role in the decentralized economy and is only going to grow as investors lose hope in centralized exchanges. As a result, additional banking turbulence could drive up the price of Uniswap (UNI), making it a strong long-term investment.
How High Will Pepe (PEPE) Go In May?
The Pepe (PEPE) meme has become one of the latest DeFi projects to make headlines. Its recent price increase of over 1000% shocked investors and analysts worldwide, and now Pepe (PEPE) continues to rise in value. Should Pepe (PEPE) follow financial trends in a similar way to Shiba Inu and Dogecoin, banking turbulence will almost definitely push its value up further.
Pepe (PEPE) has quickly grown a huge fanbase, with over 227,000 followers on Twitter alone. The project showcases hundreds of memes to create hype around the Pepe (PEPE) brand, which has pushed the value of Pepe (PEPE) up to $0.000001307 over the past week.
Pepe (PEPE) is trending on social media and platforms such as Coinmarketcap, with over $250 million worth of Pepe (PEPE) tokens being traded daily. Now ranked the third largest memecoin in the world, analysts are split as to whether or not the Pepe (PEPE) token will rise or fall over the next few weeks, though it could become one of 2023’s best investments.
Find out more about the Collateral Network presale here:
Website: https://www.collateralnetwork.io/
Presale: https://app.collateralnetwork.io/register
Telegram: https://t.me/collateralnwk
Twitter: https://twitter.com/Collateralnwk
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Meme Coin Craze Overwhelms BTC Network, Fees Skyrocket
The post Meme Coin Craze Overwhelms BTC Network, Fees Skyrocket appeared first on Coinpedia Fintech News
Minting fees for BRC-20 hit a record 247 BTC on May 7, as viewed in Dune Analytics with the total fee of 641 BTC of the ordinals. The chart indicates high fees since April when daily transactions hit a record due to ordinals. Additionally, on May 7 fees exceeded 400 BTC, a massive 18-fold increase in just a month.
BRC-20 tokens dominate the Bitcoin network with 14,079 meme coins reaching a market cap of $541 million. Meme coins moving to BRC-20 due to Ethereum network congestion, leading to original NFT growth.
Bulls’ Push Ignites Collateral Network (COLT) to New Heights, Outshining Tezos (XTZ) and Shiba Inu (SHIB)
Cryptocurrency has taken the world by storm, and many are trying to find the next best thing to invest in. Tezos (XTZ) and Shiba Inu (SHIB) were once considered the next big things, but they have since struggled to maintain their value. Collateral Network (COLT), on the other hand, is quickly gaining momentum during its presale phase with a 40% increase in price already and outshining both Tezos (XTZ) and Shiba Inu (SHIB).
Tezos (XTZ) Foundation and Google Cloud Join Forces to Boost Web3 Development on Tezos Blockchain
In a bid to hasten the development of Web3 applications on the Tezos (XTZ) blockchain, the Tezos (XTZ) Foundation has partnered with Google Cloud. The collaboration will see Google Cloud function as a Tezos (XTZ) network validator (also known as a “baker”), while Tezos (XTZ) will provide support to Google Cloud’s enterprise customers in deploying XTZ nodes, thereby bolstering Web3 innovation on the blockchain.
Despite this collaboration being a step in the right direction, it is worth noting that Tezos (XTZ) has not made significant progress in recent times. Adoption and development have been problematic, and the Tezos (XTZ) blockchain protocol has not demonstrated the reliability, scalability or security required for institutional adoption and mass-market potential.
Shibarium Update Launches to Enhance Shiba Inu (SHIB) Transaction Speed and Token Burning Capability
Shiba Inu (SHIB) has been a speculative coin that is susceptible to price manipulation, with investors frequently pumping and dumping its value. Although Shiba Inu (SHIB) has been experiencing consistent gains since the beginning of the year, it encountered some pressure last month. The Shiba Inu (SHIB) capacity to deliver speedy transactions at a reduced cost has been greatly enhanced following the implementation of the Shibarium update.
The update is also expected to burn more tokens derived from fees and cut down on the maximum SHIB coin supply. However, the fact that Shiba Inu (SHIB) has been a meme coin for a long time may make it difficult for Shiba Inu (SHIB) to be taken seriously as a viable investment option.
Collateral Network (COLT) Revolutionizes Crowdlending Industry with Asset-based Fractionalized NFTs
Collateral Network (COLT) has brought an innovative approach to the peer-to-peer crowdlending sector, by granting loans against tangible assets. It lets people borrow money by using their real-world assets, like rare whiskey, diamonds, luxury cars, gold, and others, as collateral.
Collateral Network (COLT) mints non-fungible tokens that are backed by the tangible assets of borrowers. This 1-to-1 asset backing makes Collateral Network (COLT) NFTs secure and stable. These NFTs are then fractionalised, allowing lenders to fund loans for borrowers by buying portions of the NFTs and granting themselves a weekly fixed interest income on Collateral Network (COLT).
Collateral Network (COLT) allows people to take loans on the platform at lower interest rates. COLT holders will enjoy voting rights and access to online auctions of distressed assets organized by Collateral Network (COLT). The first stage of the Collateral Network (COLT) presale is sold out, and its price has increased to $0.014 from $0.01 in just one month.
Experts have forecasted that COLT tokens will conquer the price of $0.35 by the end of the presale. Users can also bag a hefty amount of additional income by staking their COLT tokens. The smart contract of Collateral Network (COLT) tokens has been fully audited, and team tokens will remain locked for 2 years. The platform’s liquidity pools will also have a lock-in period of 33 years.
Conclusion
While Tezos (XTZ) and Shiba Inu (SHIB) were once considered the next big things, they have since struggled to maintain their value. Collateral Network (COLT), on the other hand, is quickly gaining momentum and outshining both Tezos (XTZ) and Shiba Inu (SHIB). The Collateral Network (COLT) revolutionary approach to the credit industry and its unique features and advantages make it a viable investment option for anyone looking to invest in promising startups.
Find out more about the Collateral Network presale here:
Website: https://www.collateralnetwork.io/
Presale: https://app.collateralnetwork.io/register
Telegram: https://t.me/collateralnwk
Twitter: https://twitter.com/Collateralnwk
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Bitcoin Network Record High Congestion Caused by Huge Demand for BRC-20 Tokens
Bitcoin’s mempool had more than 400k transactions in the pipeline on Sunday as the network congestion reached a new yearly ATH. On-chain analysis indicates the Bitcoin network recorded an extremely high demand for block space fueled by the BRC-20 tokens. Created by Twitter user Domo (@domodata), the BRC-20 economy has grown to a major subsect of the Bitcoin market.
According to Domo, there have been more than 1 million BRC-20 inscriptions, accounting for about 6 percent of all Bitcoin activity since the standard’s inception, as of April 27.
Binance Had Temporarily Closed Bitcoin Withdrawals
Following the huge congestion on the Bitcoin network over the weekend, the largest centralized exchange by daily traded volume, Binance, temporarily closed Bitcoin withdrawals. According to market data provided by Coinglass, more than 178,518 Bitcoins have been withdrawn from Binance in the past 24 hours, leaving the exchange with about 401,007 coins.
While Binance has since resumed withdrawals as usual, popular market analyst @DaanCrypto thinks it will open a floodgate for more capital into the BRC-20 market.
According to Binance CEO Changpeng Zhao, the Binance withdrawals were affected on Sunday due to a sharp uptick in handling fees in excess of 400 BTC.
Miners Pleasure
The high Bitcoin congestion came at the expense of users but the advance of miners who made huge profits over the weekend. According to on-chain data from Glassnode, the average fee paid per block m reached 2.905 BTC, near past bull peaks.
Interestingly, Glassnode highlighted that some Bitcoin blocks recorded total fees paid of about 5.87 BTC, approaching 94 percent of the 6.25 block reward.
Aave (AAVE), Ripple (XRP), And Collateral Network (COLT) Are Set To Dominate The Crypto Lending Landscape
The cryptocurrency sector is constantly evolving, with the emergence of new projects promising to redefine how people do things. Collateral Network (COLT) is one of the new projects already sending shockwaves across the market during its presale with predicted 35x returns, as it moves to revolutionize the crypto lending space. The project is already rivaling Aave (AAVE) and Ripple (XRP).
Collateral Network (COLT) Enhancing Crypto Lending on Physical Assets
Collateral Network (COLT) has set out to enhance the crypto lending space as a peer-to-peer lending platform that allows people to borrow crypto against their physical assets.
It will establish a decentralized lending platform whereby people looking to borrow money only have to mint non-fungible tokens (NFTs) against their physical assets such as cars, property and luxury items.
The platform offers a reliable and easy way of accessing cash at some of the best interest rates without having to sell your assets. As loans are asset-backed there are no credit checks. For lenders they receive an agreed rate of interest for funding loans. They decide what assets they lend against and can create a diversified portfolio of loans, effectively becoming their own mini-bank.
Collateral Network has also enabled staking as a way of enhancing liquidity in the network. Consequently, COLT holders will be able to stake their tokens for an opportunity to earn some passive income. The total number of COLT tokens that will ever be in circulation is capped at 1.4 billion.
Aave (AAVE) For Instantaneous Crypto Loans
Aave (AAVE) is another crypto lending project well poised to disrupt the traditional financial sector. The decentralized lending platform works by allowing people to borrow and lend cryptocurrencies without a central intermediary. This is made possible by Aave (AAVE) liquidity pools where people can deposit and withdraw a wide range of cryptocurrencies, including Ethereum and Bitcoin.
Aave (AAVE) users who lend their cryptocurrencies on the Aave (AAVE) platform earn a yield on it. On the other hand, borrowers must put up collateral and pay interest for the cryptocurrencies they are borrowing through Aave (AAVE). The crypto lending platform of Aave (AAVE) has become increasingly popular, making it easier for people to earn passive income on their cryptocurrencies. AAVE, the native token powering the Aave (AAVE) network, is already up by more than 20% for the year.
Ripple (XRP): The SWIFT Alternative
Ripple (XRP) is more of a payment network eliciting strong use in the mainstream financial sector. Powered by its native XRP token, the Ripple (XRP) project makes it easy for financial institutions to complete payments within seconds and at the lowest costs.
The payment protocol has already partnered with hundreds of financial institutions to enable low-cost and superfast transactions through Ripple (XRP). RippleNet, the Ripple (XRP) project’s flagship product, is an alternative to SWIFT in processing international payments.
The increased use of RippleNet in processing international payments is the main catalyst driving Ripple (XRP) prices higher. Increased payments result in strong demand for Ripple (XRP) tokens used to settle all transaction fees.
Bottom Line
Collateral Network is the world’s first peer-to-peer lending platform. Its bid to make it easier for borrowers to unlock cash from their physical assets and lenders to enjoy high-interest rates on fractionalized loans has set it apart.
Ripple (XRP) remains well-positioned to enhance international and cross-border payments. While Aave and Collateral Network (COLT) move to dominate the crypto lending space,.
Find out more about the Collateral Network presale here:
Website: https://www.collateralnetwork.io/
Presale: https://app.collateralnetwork.io/register
Telegram: https://t.me/collateralnwk
Twitter: https://twitter.com/Collateralnwk
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Fantom (FTM), Avalanche (AVAX), And Collateral Network (COLT) Are Experts’ Top Cryptocurrency Picks For 2023
As the cryptocurrency landscape continues evolving, investors are constantly looking for the next big thing. With 2023 upon us, experts have identified three cryptocurrencies that are generating significant interest: Fantom (FTM), Avalanche (AVAX) and Collateral Network (COLT), the latter being a recent project that is set to explode by over 3500% in the coming weeks due to its immense popularity and real-world use cases. Let’s find out more.
Fantom (FTM)
According to Coinpedia, Fantom (FTM) price could claim a potential high of $0.62 by the end of 2023 and reach a maximum of $4.45 by the end of 2030. In addition, Crypto Reporter PR has listed Fantom (FTM) as one of their top picks for scalable and fast transactions in 2023.
Fantom (FTM) is based on a novel consensus method known as ‘Lachesis,’ one of its many enticing features. The technique does not need miners because many validators add fresh blocks to the chain and are compensated with Fantom (FTM) coins.
Suppose the environment is favourable to the Fantom (FTM) vision. In that case, the community’s stance and programs like incentive schemes will all be advantageous and could quicken the protocol’s acceptance, which might attract more new investors. As a result, the Fantom (FTM) price could spike to its $0.62 annual closing goal.
On the other hand, if things don’t go as expected and the digital asset is exposed to unfavourable press and FUD, the Fantom (FTM) currency’s price would stabilise at its possible low of $0.35. However, considering all factors, a promising average price for digital currency might be $0.48.
Avalanche (AVAX)
According to crypto experts, Avalanche (AVAX) is expected to have an average rate of $15.94 in March 2023 with a potential ROI of 6.8%. The minimum and maximum prices can be expected at $14.42 and $16.39, respectively.
Avalanche (AVAX) has opened 2023 with a bang, rising nearly 55% in the first two weeks. According to market experts Crypto Vault, Avalanche (AVAX) can reach $104.70 by 2031, and it could reach as high as $48.28 by the end of 2025.
The most recent data shows the Avalanche (AVAX) trading volume has grown over the last four months. The current pricing is heavily influenced by the market’s size and overall supply.
Famous cryptocurrency investing company Valkyrie announced on May 4th 2022, that it intended to introduce an Avalanche Trust for corporate wagers on the chain’s native AVAX token. Additionally, this will increase the exposure of Valkyrie shareholders to the Avalanche (AVAX) blockchain platform. As new opportunities become available, future Avalanche (AVAX) ecosystem projects will likely benefit from this cooperation with Valkyrie.
Collateral Network (COLT)
Collateral Network (COLT) is a decentralised crowdlending platform that enables anybody to borrow crypto against real world physical assets. Collateral Network has a strong foundation and good long-term growth prospects, which have led to a 35x predicted price increase.
This is executed by minting NFTs that accurately depict the physical form of the asset that a borrower on the platform is using as collateral to obtain a loan. These NFTs are fractionalized into smaller units allowing multiple lenders to fund loans in smaller amounts and still receive a predetermined interest rate from the borrower. After the loan has been paid back, the NFT is burned and the asset is returned to the original borrower.
For both borrowers and lenders, introducing off-chain items on-chain is an innovative approach. Borrowers can obtain funds from anybody without geographical restrictions. In 24 hours, money can be sent covertly without impacting their credit score.
Because Collateral Network (COLT) enables various people to fund the loans, borrowers utilising the crowdlending system now have the chance to enjoy institutional-level liquidity. Lenders effectively can become their own bank and participate in the lucrative lending industry while earning passive income.
COLT tokens can be purchased at a discounted rate of just $0.014 during the second round of the ongoing presale, offering an alluring opportunity for early investors. The Collateral Network (COLT) presale is expected to increase by 3500%.
If you wish to purchase the $COLT token for only $0.014, follow the links below and take advantage of this unique opportunity to earn an extra 40% purchase bonus on your investment!
Read more about the COLT presale here:
Website: https://www.collateralnetwork.io/
Presale: https://app.collateralnetwork.io/register
Telegram: https://t.me/collateralnwk
Twitter: https://twitter.com/Collateralnwk
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BNB Price Prediction – Filecoin (FIL) And Collateral Network (COLT) See The Bullish Momentum
What the future holds for Binance Coin (BNB)? Curious about the potential impact of Filecoin (FIL) and Collateral Network (COLT) on the price of BNB?
In this comprehensive article, we will explore the recent bullish momentum of Filecoin (FIL) and Collateral Network (COLT), which witnessed a surge in the price of 40% already, and delve into the potential implications for the price of Binance Coin (BNB).
Binance Coin (BNB)
If the cryptocurrency market rebounds in 2023, Binance Coin (BNB) might be a wise investment. Analysts are monitoring the Binance Coin (BNB) applications in the Binance community and blockchain industry. According to experts, Binance Coin (BNB) will increase by 20% to $331.68 in 2023.
Prices last year have been moderately increased by the bullish outlook for Binance Coin (BNB). Investors should watch for a short-term market slump even though Binance Coin (BNB) is poised for medium-term growth. Binance Coin (BNB) may gain from its connections with Microsoft, Samsung and other reliable trading platforms.
Binance’s year could go well. In 2023, Binance Coin (BNB) might make a comeback, and holders of Binance Coin (BNB) could see respectable gains.
Filecoin (FIL)
According to different sources, Filecoin (FIL) is expected to hit $6.740 by the end of 2023, with an average FIL price for 2023 of $5.307, a 17.01% increase in value from the current price. Another source predicts that FIL is estimated to trade at a minimum price of $7.58 and an average price of $7.87 by 2023, with a maximum predicted price of $9.15 per FIL token.
As per another prediction, the maximum price level of Filecoin (FIL) is expected to go as high as $9.51 by 2023, with an average price of around $8.72 if the crypto market goes smoothly. It’s important to note that these predictions are based on current market trends and can change anytime.
The DigitalCoinPrice portal predicts that in 2023, the price of FIL will surpass $9.90. By the end of the year, Filecoin (FIL) should hit at least $9.30, based on our prediction. In addition, if specific requirements are completed, the FIL rate may increase to a maximum of $10.02.
Recent news on MSN Money says that the Filecoin (FIL) price analysis shows signs of bearish activity as the bears have returned to the price charts after a bullish trend earlier today. Filecoin (FIL) has been stuck in a downward trend and appears to be heading for lower levels. However, another source, the Cryptopolitan says that Filecoin (FIL) price analysis is highly bullish today as the buying momentum has continuously grown.
The FIL/USD pair is currently trading at $5.73 and is making a strong move toward the next resistance level at $5.78. If it manages to break above this level, it might reach as high as $5.75 soon. Cryptopolitan further says that strong resistance is found at $6.23 and support for FIL/USD is present at $6.05. One Filecoin (FIL) is currently worth $6.26 on major cryptocurrency exchanges.
Collateral Network (COLT)
Just imagine how challenging it might be to go through the drawn-out process of obtaining credit from a traditional bank. To solve this problem, Collateral Network (COLT), a lending network in the Web3 environment, was developed.
The unique way that Collateral Network (COLT) uses physical assets as loan collateral makes it stand out. Using a cutting-edge method developed by Collateral Network (COLT), lenders can support only a certain amount of the loan through the use of fractionalised NFTs that will depict the asset accurately, earning a fixed-rate interest from the borrower for lending small sums of money towards the NFT fractions.
Owners of COLT, the official currency of Collateral Network (COLT), enjoy several benefits, like savings on interest and trading fees, staking incentives, governance rights and more.
Because it seeks to revolutionise the conventional loan sector, the Collateral Network (COLT) presale presents a unique investment opportunity. Experts predict that during the presale, the price of this innovative cryptocurrency, which is presently at $0.014, will increase by 3500%, highlighting the enormous prospect of Collateral Network (COLT).
If you wish to purchase the $COLT token for only $0.014, follow the links below and take advantage of this unique opportunity to earn an extra 40% purchase bonus on your investment!
Read more about the COLT presale here:
Website: https://www.collateralnetwork.io/
Presale: https://app.collateralnetwork.io/register
Telegram: https://t.me/collateralnwk
Twitter: https://twitter.com/Collateralnwk
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TMS Network (TMSN) Becomes the Talk of Crypto Town, Outdoing Filecoin (FIL) and Fantom (FTM)
Crypto enthusiasts are buzzing about TMS Network (TMSN) as it emerges as a frontrunner in the market, leaving behind competitors like Filecoin (FIL) and Fantom (FTM). While Filecoin (FIL) has proposed an upgrade to address glitches in its network, Fantom’s (FTM) first AI project has gone live. Meanwhile, TMS Network (TMSN) dominates with its groundbreaking technology, setting the stage for an exciting shift in the crypto landscape.
Filecoin (FIL) Proposes Upgrade to Fix Glitches
Filecoin (FIL) has been experiencing a rough patch recently, with its price dropping as much as 17%, and a decrease in chain quality due to technical issues. Filecoin (FIL) storage network has suffered from a delay in block production, leading to a loss of revenue for storage providers, and a decrease in chain quality. To tackle the issue, Filecoin’s (FIL) development team proposed an upgrade to advance the upcoming nv19 upgrade from 11 May to 27 April. Filecoin’s (FIL) upgrade aims to address the prevalent block production problem, and fix the ongoing disruption.
Despite the proposed solution, the current situation has caused concerns among investors and traders. As of press time, the price of Filecoin (FIL) stands at $5.3 with a 24-hour trading volume of $134.6 million, indicating that market sentiment towards the token is not particularly positive. While it remains to be seen whether the upgrade will solve the current issues with Filecoin (FIL), the recent glitches have impacted the network’s performance, and its reputation among users.
Fantom’s (FTM) First AI Project Goes Live
Fantom (FTM) has seen a decline in its price by 14.2% in the past seven days, and is now standing at $0.43. Fantom (FTM) is 87.5% below its all-time high of $3.48, indicating a bearish sentiment towards it. However, Fantom (FTM) has introduced its first-ever AI project, Fantoon Ai. Fantom’s (FTM) text-to-image generating dApp uses custom SD with hundreds of models, and over 2TB data to create visuals in any niche without requiring high-end hardware. Fantom’s (FTM) Fantoon Ai has the potential to benefit content creators, bloggers, social media personalities, designers, and NFT projects, bringing in limitless opportunities.
The platform is accessible to the Diamond holders community for free, while a paid tier is also on offer. With this first-of-its-kind dApp, Fantom (FTM) aims to attract AI enthusiasts to its DeFi ecosystem, offering advanced content capabilities, and real-world utility. While the introduction of Fantoon Ai is certainly a noteworthy achievement, it remains to be seen whether it can boost the overall sentiment towards Fantom (FTM) in the long run.
TMS Network (TMSN) Dominates the Market with Groundbreaking Technology
TMS Network (TMSN) has recently made waves in the cryptocurrency market with its groundbreaking technology. One aspect that sets TMS Network (TMSN) apart from other trading platforms is its blazing-fast transaction speed and top-notch security. TMS Network (TMSN) provides a secure, and transparent trading environment where all transactions are tamper-proof and accessible to everyone. Traders can deposit and withdraw funds instantly, which eliminates intermediaries and reduces the possibility of fraud or manipulation. TMS Network (TMSN) is designed to handle an increasing number of users and transactions without slowing down, making it an ideal choice for both experienced and novice traders. TMS Network (TMSN) is trading at $0.08, and has raised over $4.2 million. More than 40% of the tokens have already been subscribed during TMS Network (TMSN) ongoing third presale. With its innovative technology, TMS Network (TMSN) is on track to becoming the top cryptocurrency trading platform in the market.
Presale: https://presale.tmsnetwork.io
Website: https://tmsnetwork.io
Telegram: https://t.me/TMSNetworkIO
Twitter: https://twitter.com/@tmsnetwork_io
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What Is Collateral Network (COLT)
The market has turned upside down in the last year with several long-standing cryptocurrencies crawling, while new and real-world utility-based projects are dominating the market. A new project, Collateral Network (COLT), has made a big impact on the market bulls with its presale performance, and overall growth potential.
Meanwhile, other projects like ApeCoin (APE) and Axie Infinity (AXS) have failed to trade in the green zone. In this article, we will analyze why Collateral Network’s presale is selling out fast, while investors are leaving ApeCoin and Axie Infinity behind.
ApeCoin Sees Increase In Network Growth
According to the latest report by Santiment, ApeCoin’s network growth has increased in recent weeks. The number of new addresses has also spiked on the ApeCoin network. It indicates that ApeCoin has attracted retail investors in recent months. Experts believe that increased activity on the network often results in a price surge.
However, the ApeCoin community is yet to see any positive movement on the price chart. The price of ApeCoin (APE) has dipped by 12% in the last week. This has caused the trading price of ApeCoin (APE) to fall to $3.98. Meanwhile, ApeCoin recently passed a proposal aimed at donating $1 million for the development of the Ethereum blockchain.
Axie Infinity Unlocks Over 18 Million Tokens
Axie Infinity has recently unlocked 18.89 million tokens. Since unlocking events generally come with a bearish effect, the price of Axie Infinity (AXS) has plummeted by more than 14% in the past week. Consequently, at the time of writing, Axie Infinity is changing hands at $7.95.
According to the data from TokenUnlocks, recently unlocked tokens amount to 7% of the total supply of Axie Infinity. On the sidelines, Axie Infinity’s developers at Sky Mavis have signed deals with new creator studios to set up an ecosystem around the blockchain-based game. Experts believe that recent partnerships by Sky Mavis will increase the trade volume involving Axie Infinity, leading to an increase in AXS’s price.
Collateral Network – A Big Name In The Crowdlending Arena
Using NFT technology and artificial intelligence, Collateral Network enables borrowers to unlock liquidity from their real-world assets. It is the world’s first Web3 platform that mints and fractionalizes non-fungible tokens against borrowers’ physical assets to help them borrow funds. Therefore, Collateral Network makes taking loans more accessible by eliminating red-tapism and geographical boundaries.
Borrowers can send their assets to Collateral Network. Next, the platform evaluates and authenticates collateralized assets, and stores them in secure vaults. Collateral Network’s fractionalized NFTs are sold in a decentralized marketplace, where multiple investors can purchase them to fund loans at fixed interest rates and receive a weekly income.
All Collateral Network NFTs are 100% backed by tangible assets like diamonds, gold, fine wine, and many others. Collateral Network has also employed 2FA and boasts high-security features.
Collateral Network’s (COLT) tokens are currently available at $0.014 during the ongoing presale. COLT holders will be able to yield passive income via staking their tokens, besides availing discounts on transaction fees. Collateral Network investors will also receive voting rights on critical matters, and can participate in online auctions of distressed collateralized assets. Presale COLT owners will get exclusive entry to the VIP members club too.
Since the platform has massive growth potential, early COLT buyers are anticipated to get a 35x return on their investment during the platform’s presale phase. Moreover, the market value of Collateral Network is forecasted to jump by 100x after its launch on leading crypto exchanges.
As we all know, getting in early in a good presale is the best way to generate profits. With Collateral Network, you would be doing just that, even buying a possible blue-chip coin for an incredible value.
If you wish to purchase the $COLT token for only $0.014, follow the links below and take advantage of this unique opportunity to earn an extra 40% purchase bonus on your investment!
Find out more about the Collateral Network presale here:
Website: https://www.collateralnetwork.io/
Presale: https://app.collateralnetwork.io/register
Telegram: https://t.me/collateralnwk
Twitter: https://twitter.com/Collateralnwk
| Disclaimer: This is a press release post. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. The image used in this article is for informational purposes only and is provided to us by a third party. Coinpedia should not be held responsible for image copyright issues. Contact us if you have any issues or concerns. Readers should do their own research before taking any actions related to the company. |