Ethereum Set to Surpass Bitcoin as the World’s Leading Cryptocurrency, According to Raoul Pal
Raoul Pal, CEO of Real Vision, believes that rather than seeing cryptocurrencies as assets, investors should see them as digital nations. In a recent blog post, the former Goldman Sachs executive claimed that crypto ecosystems are networks that create both intrinsic and extrinsic value. He argues that the foundation of the Bitcoin (BTC) network is the idea that BTC is an autonomous monetary system free from the corrupting influence of governments.
Pal said that it fiercely defends the integrity of the protocol of how its society operates and, as a result, avoids innovation in the interest of preserving purity. He cited an example of the Bitcoin market as the Catholic Church during the Middle Ages or the gold-bug subculture. In the Bitcoin economy, Bitcoin is the lone asset that exists. Hence, the only option one has if you want to invest money in this market is to HODL (hold on for dear life) Bitcoin.
In comparison, according to Pal, the Ethereum (ETH) network is more like the intricate American economy. In this system, one can begin by buying ETH, which has a deflationary supply, or an amount that gets lesser with time. Since value must be maintained and not debased, its ‘central bank’ (the staking) follows prudent monetary policy.
Pal points out that staking ETH is comparable to buying US Government bonds, whereas decentralized finance (DeFi) can be compared to the riskier banking industry. He forecasts that over time, the Ethereum economy will grow to be larger than the Bitcoin economy due to its higher level of complexity. Pal also contrasts the economics of XRP and Ethereum rival Solana (SOL) with those of their respective home countries.
“Solana on the other hand might be South Korea just after the Asian crisis when its currency and equity market came crashing down. It was an unmatched opportunity that outperformed both the USD and SPX for six years. However, it did not stand the test of time. It failed to continue the outperformance. Who knows how Solana will play out.”
Could Collateral Network (COLT) be the next big thing in cryptocurrency? Experts weigh in on its potential to surpass Bitcoin and Filecoin
Cryptocurrencies have been gaining more and more attention in recent years, with the most well-known being Bitcoin (BTC) and Filecoin (FIL). However, there is a new player on the scene that is starting to make waves: Collateral Network (COLT). In this article, we will take a closer look at Collateral Network (COLT) and why it is forecasted for 3500% gains over its presale, as well as what sets it apart from Bitcoin (BTC) and Filecoin (FIL).
Bitcoin’s (BTC) price volatility is a risk for long-term holders
While Bitcoin (BTC) has long been the king of cryptocurrency, it has faced a number of challenges in recent years. One of the most significant issues is scalability, as the network has struggled to process a high volume of transactions due to its limited capacity. This has led to high fees and long confirmation times, which can be frustrating for users.
Additionally, the energy consumption required to power the Bitcoin (BTC) network has come under scrutiny, with some experts arguing that it is not sustainable in the long term. Finally, Bitcoin’s (BTC) price has been highly volatile, with significant fluctuations over the years.
While this can be attractive for speculators looking to make a quick profit, it can also be risky for those who are looking to hold onto their Bitcoin (BTC) for a long term. Since its peak in 2021, Bitcoin (BTC) has seen a significant drop in value, losing more than 70%. At its highest, BTC was valued at over $68,000.
High cost of storage is a concern for Filecoin (FIL) users
Filecoin (FIL) is a decentralized storage network that allows users to buy and sell storage space using the Filecoin (FIL) token. While it has gained significant attention and adoption, it has also faced a number of challenges. One of the biggest issues for Filecoin (FIL) is the high cost of storage.
To participate in the network, users must purchase a certain amount of storage space, which can be expensive. This can be a barrier for those who are looking to use the network for small amounts of data. Another concern is the complex nature of the Filecoin (FIL) network, which can be difficult for non-technical users to understand. This can be a problem for those looking to use the network, but aren’t familiar with the underlying technology. The live price of Filecoin is $5.74.
Collateral Network (COLT) introduces NFT based crowdlending
So, what makes Collateral Network (COLT) different from Bitcoin (BTC) and Filecoin (FIL)?
As a new challenger lending platform, Collateral Network (COLT) is revolutionary in that it allows individuals to unlock cash from their assets on the blockchain through the use of fractionalized NFTs. This allows investors to become their own banks whilst earning a fixed interest rate.
Additionally, Collateral Network (COLT) offers a number of benefits to both borrowers and investors. For borrowers, the platform offers a fast turnaround time, with cash being available within 24 hours. Collateral Network (COLT) is transparent, with all contractual information stored in the metadata of the NFT, which is recorded on the public blockchain, and cannot be altered or changed. Collateral Network (COLT) has implemented a token lock-up period for its team tokens, which will last for three years. Additionally, the liquidity pool for COLT tokens is locked for 33 years.
Currently, the starting price for (COLT) tokens is $0.01, and some analysts are predicting a significant price increase of 35 times within the next six months. Out of the total supply of 1.4 billion Collateral Network (COLT) tokens, only 50% will be available for presale.
Find out more about the Collateral Network presale here:
Website: https://www.collateralnetwork.io/
Telegram: https://t.me/collateralnwk
Twitter: https://twitter.com/Collateralnwk
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Top Crypto Strategist Predicts Bitcoin (BTC) Will Surpass Ethereum (ETH) at Lightning Speed
Bitcoin has always been synonymous with cryptocurrency and has been the most valued in the industry for several years. However, in 2022 several people were claiming that with the merger ETH will take over BTC to be the king asset of crypto.
With the recent Ethereum enhancements, the native Ether token has witnessed a significant increase in popularity. This price was projected to climb in the future year (2022), with many financial and cryptocurrency experts expecting that ether will overtake bitcoin.
Kaleo’s prediction for BTC
Pseudonymous analyst Kaleo informs his 562,700 Twitter followers that the Ethereum/Bitcoin pair (ETH/BTC) is presently trading below a diagonal trendline, implying that ETH will likely trail BTC in terms of gains. He claims that the high timeframe support line was ultimately broken by ETH/BTC.
Expect BTC to start outpacing a little faster at some point in the upcoming weeks. A bearish ETH/BTC chart traditionally shows that Bitcoin will likely increase in value more quickly than Ethereum and the overall altcoin market.
Looking at Bitcoin specifically, Kaleo predicts that BTC will likely reach the $30,000 price level after successfully bouncing off support at roughly $21,000. High timeframe support has been remarkably stable. Currently, at 4,000 support, the SPX (S&P 500 index) is still expected to rise to 4,300 in the upcoming weeks. A magnet is $30,000.
According to Kaleo, Bitcoin will probably gain further momentum in the near term if it overcomes resistance at $22,400. The CPI was somewhat higher than anticipated, and the market is essentially flat. After some initial instability, SPX and NDX [Nasdaq-100 Index] is ready for a run higher, while BTC is vying to retake a significant level it lost last Thursday. A magnet is still $30,000 and up.
HedgeUp (HDUP) Poised To Surpass Solana (SOL) In The Next 5 Years: Analysts Agree
Did you know that you can do more than just stake and trade with cryptocurrency platforms? As cryptocurrency adoption surges, crypto users are looking for ways to utilize these blockchain-based assets in multiple ways. The strong demand for cryptocurrencies has paved the way for niche platforms that enable crypto users to do more than just invest, be it building dApps or playing blockchain-based games.
HedgeUp and Solana are among the leading platforms today that enable their users to multi-task with their native tokens and earn rewards. Let’s dive into the important features of these two cryptocurrency platforms.
HedgeUp: Minting new gains with alternative investment products
HedgeUp has been designed as a niche platform for opening up the alternative investment products space for cryptocurrency users. It enables crypto users to park their money with alternative investment options like luxury watches, art, wine, and aviation, among other products. Alternative investment products offer users a two-prong advantage – firstly they potentially enhance your returns with a diversified portfolio. Secondly, these products act as a hedge against market volatility and economic factors like inflation.
The platform has also rolled out a native token called HDUP for facilitating all kinds of transactional purposes and it will be made available on presale. The HDUP token can be used for a wide array of uses like staking, liquidity pool management, marketing activities, distributing rewards, and securing voting rights. The token’s total supply has been capped at 999,000,000 units and the largest share of the tokens has been set aside for presale at 35%.
While the platform doesn’t levy any taxes on the purchase of HDUP Tokens, it does charge a 5% tax when a token holder sells the cryptocurrency. Users also have to pay a 2% liquidity pool admission fee. In tandem with its policy of incentivizing participation, HedgeUp offers its users rewards for staking and holding HDUP tokens in the treasury through the staking events conducted by the platform. The staking of tokens helps in liquidity pool provisioning and ensuring a strong market while offering users better trading opportunities.
Under the HedgeUp model, the team will first interact with startups to facilitate their users’ market entry. Next, they will strike deals with third-party vendors to supply investment products. Once the deals are finalized, these products will be uploaded on the HedgeUp marketplace and will remain open for purchase.
All assets will be stored in a licensed and insured vault for safety. One of the key USPs of the platform is its NFT collection. Buyers have the option of either purchasing an entire basket of investment products or buying an individual asset. In addition, buyers get the option of purchasing these NFTs as fractional ones i.e. users do not have to buy the entire NFT and can also purchase a small percentage of the asset.
Many cryptocurrency experts believe that HDUP has higher growth potential than other platforms. This is mainly because of its unique use case that bridges a gap in the cryptocurrency ecosystem and offers crypto users a niche opportunity to earn a passive income consistently.
Solana launches Fuse: a digital wallet for its blockchain network
Solana is a decentralized blockchain for building and scaling dApps cost-effectively and securely. Its native token SOL is the main cryptocurrency on the network and it is used for various transactional use cases on the network.
The reason why many developers prefer Solana is because of its high speed – all thanks to its block time of 400 milliseconds. The platform supports high-speed operations and is validated by over 1,900 nodes that operate independently. The wide network of nodes ensures that the users’ data stays secure and cannot be censored.
Being built on the proof-of-stake consensus algorithm, Solana minimizes the carbon footprint of its operations. According to the team, the network utilizes about the same quantum of energy as a couple of Google searches.
Solana recently announced the launch of ‘Fuse’ which is a digital wallet that enables its users to interact with Solana-based protocols and dApps while enjoying the security of a multi-signature wallet. It functions like a browser extension and can act as a proxy for your team by initiating transactions on the user’s behalf.
Users should know that Fuse is compatible with Squads, which is a multi-signature protocol built on the Solana network. Not only does it open up all features of the Solana ecosystem for its users but also offers a secure framework to set up a multi-signature wallet. In the absence of a tool like Fuse, earlier users could only interact with those dApps which had been integrated with Squads. The approach wasn’t scalable in the long term for developers and limited the usage of dApps on Solana.
Sparklo Predicted To Surpass VeChain And Dogecoin
Investors usually scramble to get into tokens that have sound potential and can provide massive gains. Popular cryptocurrencies such as VeChain (VET) and Dogecoin (DOGE) have positively impacted the market and offered immense profits for investors.
On the other hand, Sparklo, a new alternative investment protocol currently in its first stage of the presale, has gathered attention from investors. Analysts predict that Sparklo will surpass VeChain (VET) and Dogecoin (DOGE) and will be the best investment in the coming months.
VeChain (VET) Might Not Provide Gains In The Short Term
VeChain (VET) token started to trade for $0.24 on 24th August 2017. It later had a price of $0.001678, which was its all-time low on 13th March 2022. By June 2020 VeChain (VET) token broke the resistance of $0.0082, and the price rose to $0.022 by July 2020 and closed the year at $0.0220. October 2021 was very profitable for holders of VeChain (VET) tokens as VeChain (VET) token rose to a high of $0.12 on 9th October 2021, $0.12 on 23rd October, and $0.18 on November 2021.
Since then, the price of the VeChain (VET) token has been on a free fall to $0.078 by 14th December 2021 and $0.085 by the year’s end. Presently, the VeChain (VET) token costs $0.019. Its highest price was in march when it had a price of $0.085. This has resulted in analysts expecting little returns for the coming months; this is why they recommend Sparklo.
Dogecoin (DOGE) Price Not Showing Promise Amidst Whales Moving Over $410m
Recently, there has been a sudden movement of large amounts of Dogecoin (DOGE) by whales. This was discovered by monitoring services where a whale moved more than $400,000M worth of Dogecoin (DOGE) coin on-chain during the market downturn.
Data from a whale monitoring service, Whale Alert, showed that a whale moved $410,000M Dogecoin (DOGE) through several transactions, of which no transaction went to any known cryptocurrency exchange wallet.
Since no coins were sent to a cryptocurrency trading platform, analysts need clarification on whether whale intends to divest their Dogecoin (DOGE) coin holding or if the movement is for other reasons. Because of this, the price of Dogecoin (DOGE) experienced a 31.30% price reduction in the past seven days to trade at $0.085.
Sparklo (SPRK) Aims To Be The Top Cryptocurrency In The Coming Months
Sparklo will be the first alternative investment platform to create an NFT marketplace where investors and users can trade in fractionalized or minted NFTs. These NFTs are pegged to real-world assets like gold, silver, and platinum. A complete purchase of an NFT will result in the real-world asset being delivered to the investor’s location.
Sparklo is currently worth $0.013 and is in its first presale stage. We believe this is an excellent opportunity to enter a future blue-chip cryptocurrency at a fantastic price. Investing early would provide the best returns. Analysts even predict that the token will rise in the coming months by 100x.
Interfi Network audited the smart contract, and its liquidity has been locked for 100 years. The teams will also be unable to sell their tokens for 1,000 days. This ensures that Sparklo remains a secure and long-term investment.
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Plona (PLON) Might Surpass Solana (SOL) And Ethereum (ETH) As The Next NFT Coin
In a bear market, many investors look for alternatives to big coins like Bitcoin (BTC) and Ethereum (ETH). Others look to other Web3 aspects like NFTs and the Metaverse. While Ethereum (ETH) and Solana (SOL) have stood out as the most sought-after NFT coins, Plona (PLON) might be the next token to outshine these two, with good reasons.
How is Plona (PLON) different?
Plona (PLON) is going to change the world of NFTs. If you have bought or traded NFTs, you will know that NFT traders and enthusiasts usually load up on Ethereum (ETH) or Solana (SOL) to buy their favourite projects. But Plona (PLON) is the native token of a much more robust NFT ecosystem; luxury cars. So, while you can use Ethereum (ETH) and Solana (SOL) to buy into different projects that might not work out, buying Plona (PLON) is a direct investment into NFTs into a peculiar NFT concept.
Plona (PLON) is the world’s first platform that allows users to own a fraction of luxury cars as NFTs. You might have been dreaming of buying your first Porsche. Maybe you aped in on a crypto coin, hoping to buy a Lambo quickly. Well, now you can be a step closer to that dream. Not only would you get the chance to own a Lambo partially, but when Plona (PLON) moons, you can also own your own Lamborghini!
Make more money with Plona (PLON) NFTs.
Plona (PLON) does not allow you to own fractions of luxury cars alone; it also enables you to do something you can do with a physical luxury car: use it as collateral. You can use your Plona (PLON) NFT as collateral for loans since it is backed by a physical vehicle.
Then again, owning the Plona (PLON) token makes it easier for you to survive a bear market. How? Apart from being backed by physical luxury cars, Plona (PLON) is deflationary. The token’s team will reduce its supply by occasionally burning it. When the coin starts getting high demand after a burn, you know what that means for your wallets. So even when the whole market is dipping, taking Solana (SOL) and Ethereum (ETH) with it, your NFT’s value still stands solid because luxury cars hardly depreciate rapidly like crypto coins.
Plona’s (PLON) presale is currently on, and you do not want to miss the opportunity to cash in on this potentially massive token before it moons. Remember, a coin is usually cheap at presale, and with a solid utility like this, it can potentially deliver mouth-watering returns to investors.
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AAA NFT Game BudBlockz Could Surpass Decentraland In 2023
The crypto landscape offers an immersive virtual gaming experience through its GameFi tokens. GameFi tokens bridge the gap between gaming and finance. Despite the market downturn, many cryptocurrencies enjoy massive adoption and popularity among investors and crypto enthusiasts. BudBlockz (BLUNT) is a new coin prepared to sweep many cryptocurrencies off their feet in the market.
GameFi tokens are constantly evolving, and with BudBlockz Tokens NFT Game, the token will solidify its stay in the crypto market. The platform, focused on the legal distribution of cannabis-related products, uses a play-to-earn (P2E) model that allows users to earn while playing games. BudBlockz combines the features of NFT Gaming and GameFi in its ecosystem.
Let’s see how the BudBlockz NFT Game will surpass Decentraland.
Decentraland (MANA) Offers an Inclusive Gaming Experience
Decentraland (MANA) is a decentralized cryptocurrency gaming platform. It was among the first businesses to use blockchain technology and the Metaverse system. Decentraland (MANA) users can engage in activities like trading, creating, and exploring the site while immersed in a 3D virtual world. Decentraland (MANA) supports peer-to-peer communication and other sorts of in-world interactions.
The decentralized network has a superior DAO compared to other gaming cryptocurrencies. Users can vote and participate in critical platform decisions when they possess MANA, the platform’s token. Users may engage with the platform and enjoy a fully immersive experience with the other features when they have the token. You do not need a Bitcoin wallet to participate in the games featured on the site. You will, however, be able to make purchases within the game if you have one of them.
Venture investors fund Decentraland, which operates on the Ethereum (ETH) blockchain and uses the ERC20 token as its currency. Decentraland offers people a virtual reality experience and a digital realm they can own.
BudBlockz (BLUNT) is Bringing Back Old Games
BudBlockz (BLUNT) is an e-commerce platform that is Ethereum-compatible and connects enterprises and companies in the cannabis industry to the worldwide market. Community members can engage in various activities, from meeting new people and playing games to finding stores worldwide and buying different marijuana products and accessories.
The Ganja Guruz series is a colorful group of digital works of art that have been printed 10,000 times, and 1990s video games inspired these artworks. BudBlockz (BLUNT) wants to use the potential of decentralized solutions like NFTs, cryptocurrencies, and the blockchain to change the cannabis industry massively in the future.
The BudBlockz Arcade is a retro gaming collage centered around the cannabis industry. It includes some of the best games that were released in the 1990s. The BudBlockz Arcade is the world’s first play-to-earn gaming platform, built around cannabis and cryptocurrencies.
BudBlockz Arcade is a virtual reality gaming experience that unites cannabis and cryptocurrency fans worldwide. It is based on trustworthy and secure blockchain technology.
Since it also has GameFi features, players at BudBlockz Arcade can win $BLUNT, ETH, and NFTs by competing in various cryptocurrency competitions. Players can earn $BLUNT simply by playing their favorite old games. When you play in the Arcade, your Ganja Guruz NFT will serve as your profile avatar.
To mint your own BudBlockz Ganja Guruz NFT visit: https://budblockz.io/nfts
Once on the page click the “Mint Now” button and connect your ERC20 compatible wallet. You will be able to mint your Ganja Guruz NFT for 0.09 ETH.
Purchase or learn more about BudBlockz (BLUNT) at the links below:
Official Website: https://budblockz.io/
Presale Registration: https://app.budblockz.io/sign-up
Will It Surpass Dogecoin And SHIB?
During its presale, Toon Finance made $2 million in just a week. Predicted to be the most profitable ICO of the year, Toon Finance could be well on the way to surpassing Dogecoin and Shiba Inu.
What is Dogecoin?
Dogecoin (DOGE) is a cryptocurrency created in 2013 by Billy Markus and Jackson Palmer. Originally created as a joke to mock cryptocurrencies like bitcoin, Dogecoin now stands as a legitimate investment prospect. Following its creation in 2013, Dogecoin quickly developed its own community. The cryptocurrency currently has a market cap of over $550 million. The coin features the face of the Shiba Inu dog from the “doge” meme and is its namesake. Tesla CEO Elon Musk can be partially credited with the currency’s growth as he called Dogecoin his favourite cryptocurrency. Check the value of Dogecoin on Binance.
What is Dogecoin used for?
Dogecoin lets people send money online and works as an internet currency. Many people have adopted Dogecoin as their official cryptocurrency. The idea of Dogecoin is to bring revolution in the world of finance, and it wants to help people use their cryptocurrency to make daily activities effortless. In the real world, the coin is mainly used for tipping and donation.
DOGE has been used by its community to raise huge funds at events:
· Raising $50,000 to fund the Jamaican Bobsled Team’s journey to Winter Olympics in 2014.
· Raising $30,000 in 2014 to build clean water wells in Kenya.
· Raising $55,000 to sponsor Josh Wise, a NASCAR driver.
How does it work?
It is a peer-to-peer cryptocurrency that uses Blockchain technology. The Dogecoin blockchain uses a proof of work consensus mechanism where miners use computers to solve mathematical equations in order to process transactions and record them on the blockchain. Initially, the supply of DOGE was capped at 100 billion coins, with an additional 5.256 billion coins to be released every year, though it is now unlimited. There is no cap on the number of Dogecoins that can be created by mining therefore, the cryptocurrency is victim to high inflation. Millions of new Dogecoins are created every day as the blockchain rewards miners.
What are the advantages of Dogecoin?
· Transactions can be made in just 60 seconds
· Low transaction fees allow users to conduct online microtransactions
· The low-coin value makes it apt for tipping and donations
· Dogecoin has a community of more than 140k members on Reddit
· It is less of a currency and more of a speculative investment due to unlimited supply
What is Shiba Inu coin?
Shiba Inu is a new cryptocurrency inspired by Dogecoin and launched in August 2020. It was created by anonymous developed Ryoshi, one of the cryptocurrency enthusiasts in the world. He created this cryptocurrency to bridge the gap between cryptocurrency and real-world assets. The coin is now entirely controlled by its community. The SHIB coin is a cryptocurrency that uses the Japanese Shiba Inu dog breed for its logo and gained attention in spring 2021, fuelled by Elon Musk’s SNL appearance. It is intended to be an alternative to Dogecoin.
What is it used for?
The Shiba Inu ecosystem consists of three tokens – SHIB, LEASH, and BONE. Each token helps the ecosystem function in different ways:
SHIB – the foundation of Shiba Inu currency. It can be traded and used as a medium for exchange
LEASH – The most limited of the Shiba coins, LEASH provides staking rewards for those validating transactions in the cryptocurrency
BONE – with around 250 million units, BONE is used to allow those using Shiba Inu to vote on proposals
How does it work?
With so many competitors in the crypto market, it is essential to know which will retain the most power. Unlike Dogecoin, which has its own blockchain, the Shiba Inu Coin runs on the Ethereum blockchain and uses a proof-of-work mechanism. The platform works like a marketplace where users can list their assets for trading. When someone buys an asset from the marketplace, the listing fee is charged from the asset owner. The marketplace is the central authority that controls asset listings. This is known as ShibaSwap which enables users to “dig, “bury”, or stake coins, as well as swap tokens to get rewards called “woof returns”.
What are the advantages of Shiba Inu?
· All Shiba Ina tokens can be staked, meaning your crypto can be locked away in a wallet or exchanged to validate transactions and earn rewards
· SHIB is the 14th most popular coin as of February 2022 and has a relatively high volume and liquidity
· It is an easy currency to exchange when trading crypto
· The SHIB has a very low price and has the potential for substantial spikes and profits
· The low-coin value makes it apt for tipping and donations
The Future is Toon
Toon Finance is predicted to be the most profitable ICO of the year. Having made $2 million in its presale week, it is being called the ‘new Dogecoin’. It allows users to trade NFTs, Exchange Cryptocurrency, and Bridge Blockchains in one place. Toon Finance Protocol is a decentralized exchange application platform designed by a team of market leaders and blockchain developers. It aims to fix the externality surrounding the P2E gaming demand by ensuring P2E metaverse is backed by SHA-256 encryption. With a team of innovators partnered with people who love tough challenges, join the movement now.
Join the Toon Final Space Battle Grounds and challenge other players with SHA256-encrypted fair results. Climb the leaderboards and win exclusive NFT Mintpass Airdrops, which you can apply to your profile. Presale is live now, and users can buy NFT Mint Passes. The official launch is on 1 January 2023.
Toon Finance Tokens are the native utility token that can be used to play to earn gaming in the space grounds, to purchase NFTs that serve as functional gameplay items, and for governance votes. Head over to the Toon Finance Presale to join stage 2 of the presale.
Toon Finance is also proud to announce the ToonSwap DEX which will be more than just an ordinary ERC20 swap platform. It will offer one on one games, Space exchange, Space Payload pools, Space Farms, Space Bridge, Space Voting Governance, Space Lotto and so much more.
With its own community, Toon Finance is on a mission to the Toon Moon. All users are in the Toon Space where members are able to speak to one another and keep up to date with the latest news. Join the official Telegram chat and talk to other members here.
Disclaimer: This is a press release post. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company.
Oryen Network Posting Massive Gain for Presale Investors, Can ORY Surpass Dogecoin and FTX?
Oryen Network appears to be coming full of forces to surpass other cryptocurrencies—Dogecoin and FTX inclusive. Looking out for opportunities in the right place and knowing when to take certain actions help investors navigate trends in price actions.
The cryptocurrency space is full of misinformation and unnecessary noises from individuals and supposed “crypto gurus.” We must clear the air on sustainable long-term investments to prevent retail traders from taking unguarded risk steps.
In this article, we’ll explore why Oryen Network’s ORY will surpass some currencies, focusing more on Dogecoin and FTX.
Dogecoin
Emanating from the quest to make fun of the growing speculation in cryptocurrencies, Dogecoin is a highly volatile parody cryptocurrency. It was created as a meme coin mimicking the viral internet meme of a Shiba Inu dog.
However, it has experienced several ups and downs since it was deployed and adopted as a payment system. One key factor driving this digital currency is the advocacy of the world’s richest man, Elon Musk, who sees it as a preferable payment method.
DOGE experienced a downturn of -14.7% in the last 24 hours, according to CoinGecko.
FTX
FTX is a cryptocurrency exchange that represents a Futures Exchange. As of this morning, it was considered the fourth-largest exchange by volume on CoinGecko. The exchange offers a digital currency which is the FTX token.
The FTX token experienced an all-time high price of $84.18 about a year ago and an all-time low price of $1.15 3 years ago. It has been fluctuating in price owing to the market’s volatility in recent days.
Value increase in ORY
Although Ethereum is displaying signs of a bullish phase, it will take time to reach that point. The Oryen Network, which just experienced +100% movement, is one of the initiatives with the greatest potential for growth in a short amount of time.
$ORY tokens are a fantastic choice for those hoping to make money while waiting for Ethereum to expand. They are a fantastic DeFi protocol’s native token that will revolutionize staking.
The Oryen Network is a peculiar protocol having the highest fixed APY of any DeFi protocol at 90%. So, the daily compound interest rate for investors will be 0.177%.
Oryen (ORY) is the next big thing in cryptocurrency
From getting crypto whales like Steven Clarke, Darryl Boo, and Jim Crypto talking about it to securing a 110% APY for investors, Oryen (ORY) has proven to be the next promising cryptocurrency. It has experienced massive sales from its ongoing presale and investors.
The Oryen Network is pulling away the attention of most investors from other cryptocurrencies like Flasko, Big Eyes, Dogecoin, and FTX. The pre-sale has generated a 100% gain—spurred by increased demand from investors and retail buyers.
Join Presale: https://presale.oryennetwork.io/register
Website: https://oryennetwork.io/
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McDonald Surpass Ethereum’s Market Cap
While the world’s first cryptocurrency, Bitcoin has lost its key level, so do Ethereum and other altcoins. The lead altcoin failed to maintain its price range above $1,600 as the currency started its downward journey. The major reason for the crypto market to crash is the FTT-Binance tussle which has impacted the whole market.
Interestingly, McDonald is valued more than that of Ethereum as McD is around $203.6 billion while Ethereum’s market cap is nearly $191 billion. This news caught the attention of Binance CEO, CZ where he stated doubts creep in once in a while. The main reason behind CZ commenting is earlier during his teenage he had worked at McDonald
Metacade (MCADE) Could Surpass Other Metaverse Games Like Axie Infinity (AXS) in 2023
Axie Infinity (AXS) was one of the hottest crypto projects in 2021, as the gaming community stampeded into the play-to-earn blockchain sector. The Axie game became the top destination, with many early investors becoming rich from the project’s token and NFTs.
The game has seen a change in fortunes with some suggesting the good days are over. Metacade (MCADE) is a new arrival on the crypto scene and could be a metaverse winner over the next two years.
Metacade is bringing an exciting new theme to the metaverse with the first community-led arcade for P2E gamers. Casual gamers will also find a home there with a vibrant and fun community but there will also be serious development going on in parallel. MetaGrants, funding from the Metacade treasury, will be given to support the best game ideas. Gamers will have a chance to vote on, test, and review games as they go through development, and stakers of the MCADE coin can vote on the direction of the project.
Metacade is still in the early stages of its development with a November presale, but it is positioning itself in two particularly strong growth areas – P2E gaming and the metaverse. With a vibrant community and the right game titles, this project could rival any current meme coin.
There are other benefits to holding the MCADE token with the ability to earn prizes, enter gaming tournaments, and take part in governance votes. There will also be a share of project revenues on offer for staking.
Axie Infinity (AXS) Saw its Bubble Burst
Axie Infinity (AXS) has already proved what is possible in the P2E sector when you bring the suitable game and earning potential. The project saw its token rise from cents per AXS coin to a high of $160 in late 2021. The coin has since slumped to $12 and user numbers have mirrored that drop.
The cause of the rollercoaster price moves was a surge in daily users to 2.7 million at the platform’s peak. It has been said that Axie even disrupted the labor supply in the Philippines as workers quit their jobs to play the game. The coins were worth so much that playing to earn them, and selling them on the marketplace NFTs became big business – further compounding the surge.
The project’s daily user count has since dropped to 110k and the story of Axie may already be over as competition builds in the crypto market. Adding further headwinds to the project was a huge $625 million hack of the Ronin Network that supports Axie.
Why should you invest in P2E?
According to Blockchain Game Alliance, 1.4 million wallets are interacting with games daily. That accounts for a huge 49% of total blockchain activity. The metaverse is set to be the next big crypto theme and NFTs are leading us to that virtual world. Gaming NFTs accounted for 20% of all NFT sales in 2021 at $4.5 billion.
The Metacade platform will bring an exciting new concept to this genre and encapsulate everything the metaverse is supposed to be. A virtual world for communicating and collaborating. The multi-game theme also adds variety for gamers which could see players roaming a gritty urban city one day or being a sword-wielding warrior the next.
The biggest opportunity for Metacade is the support of its gaming community, which could see it reaching meme coin status as the right games come through development. Axie showed how it is done and how it can be a global phenomenon.
Facebook’s transition to the metaverse means that a sizeable portion of its users, including apps such as Instagram, could find themselves in the metaverse and an arcade would be a fun virtual hangout.
Axie Infinity was a major benefactor of the bull market in 2020-21, capitalizing on a lack of competition in the P2E sector to become the go-to game. The resulting bear market, slump in users, and the Ronin are headwinds that Axie may recover fully from. New projects like Metacade are now charging forward with more exciting and varied offerings and they can offer more for gamers and developers. The Metacade presale starts in November and investors should be looking to take advantage of what could be the next big thing in the metaverse.
You can buy Axie Infinity (AXS) on eToro here.
You can participate in the Metacade pre-sale here.
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Plona (PLON) Stage One Presale Can Sell Out and Surpass Quant (QNT) and Cardona (ADA) in the Blockchain Industry
Cryptocurrencies are the hot topic of the moment. As more people worldwide look for alternative ways to manage their finance, they turn to the blockchain industry to fulfil this need. The traditional centralised method of making transactions is going out the window. Cryptocurrencies like Quant (QNT), Cardano (ADA), and Plona (PLON) are promoting the decentralised finance (DeFi) ecosystem. Plona (PLON), a recently released coin, is at the forefront of this initiative, making headlines.
Quant (QNT) suffers a 9.3% loss, worrying its investors.
The Quant (QNT), created by CEO and founder Gilbert Verdian, is a cryptocurrency on the Ethereum blockchain. The platform serves fintech developers, banks, asset managers, and other financial institutions. Quant (QNT) aims to connect public blockchains and private networks, enabling linking and flexibility between global networks and chains.
With aims to connect blockchain and networks, Quant (QNT) was developed to bring forth what Gilbert Verdian calls the “Internet of Trust”. Quant (QNT) is down by 9.30% and is looking to recover from a poor week. At a price of almost $200, new-time investors might want to consider cheaper options in the crypto market.
Cardona (ADA) loses 8% of its worth over the past week.
Cardano (ADA) was established based on peer-reviewed research and is regarded as the first proof-of-stake platform to apply tested techniques for application development. Some of the most well-known people in the industry make up its engineering team. Cardano (ADA) is giving its customers the security and stability they need to run their decentralised applications through technological advancements.
Charles Hoskinson, an Ethereum (ETH) platform co-founder, developed the cryptocurrency Cardano (ADA) in 2015 intending to foster innovation and positive change in society. About $422 million worth of Cardano (ADA) tokens were traded in the last 24 hours. Cardano (ADA) is down by 8% and is looking to make a comeback in the following week.
Plona (PLON) can sell out 140 million tokens during the stage one presale.
A team of luxury car enthusiasts and blockchain experts created Plona (PLON), an Ethereum-based cryptocurrency blockchain. The team wants to bring luxury cars to the blockchain industry by providing a way for crypto investors to own a fraction of their favourite exotic automobiles around the world for $29. Plona (PLON) will provide its users with exclusive networking events by partnering with premium car dealers.
Plona (PLON) token holders will also benefit from a 2.5% transaction fee on all network transactions. The team has also dedicated 2% of Plona (PLON) tokens to a charity of the community’s choice. Plona’s (PLON) phase one presale has started with 140 million coins available on launch. Investors have already speculated all 140 million tokens will sell out before the presale stage ends.
Learn more about Plona (PLON) and join its presale using the following links:
Presale: https://buy.plona.io
Website: https://plona.io
Twitter: https://twitter.com/plonatoken
Telegram: https://t.me/plonatoken
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The Exciting Project Of Flasko (FLSK) Set To Surpass The Sandbox (SAND) And Solana (SOL)
With the crypto winter freezing almost every cryptocurrency throughout 2022, investors have started incorporating new investment strategies. As all experienced investors know, buying into a project early gives the most chances for a more significant profit.
And with a new innovative project in stage two of its presale, even well-known coins like The Sandbox (SAND) and Solana (SOL) have been put on the back burner. Keep on reading to discover why crypto experts believe Flasko may topple these two coins in terms of value.
The Sandbox (SAND) Lacks Support As Metaverse Stagnates
The diverse world of The Sandbox (SAND) has a use token called SAND that you can use to engage with user-generated content. The Sandbox (SAND) DAO uses SAND as its governance token, giving holders of The Sandbox (SAND) the ability to vote on how the developers should improve the platform.
But no matter these use cases, The Sandbox (SAND) depends on the Metaverse being a success. And currently, Metaverse is still a work in progress; as it gains more exposure, The Sandbox (SAND) may experience a price hike, but that is a long way ahead.
Solana (SOL) Holders Switch Their Focus To Flasko (FLSK)
Sustainable decentralized apps are hosted via the blockchain and cryptocurrency network Solana (SOL). It is a rapidly expanding blockchain that resembles Ethereum in several ways. Solana (SOL) is the name of the network and the coin it represents.
Solona’s native cryptocurrency, SOL, powers the Solana (SOL) ecosystem. Everyone can exchange Solana (SOL), carry out smart contracts, offer NFTs, and participate in decentralized finance.
Nevertheless, the crypto winter was harsh on Solana (SOL), which is currently worth $29.30. This 88% drop from its all-time high of $260.06 has left investors looking for projects with more room for growth.
Flasko (FLSK) Lights The Way Ahead For Cryptocurrency
Flasko will bring forth a new innovative alternative-investment platform in hopes of combining the trillion-dollar alternative-investment industry with cryptocurrency. The champagne, wine, and whiskey industry have made significant gains over the last five years. With an annual 28% return on investments, we can see why Flasko wants to tap into this industry.
The team behind Flasko will create a platform where you can purchase NFTs, fully or fractionally, backed by a real-life bottle of whiskey, wine, and champagne. The platform also features a Launchpad where premium start-ups may feature their new products while giving first dibs and discounts to early investors.
Regarding security, Flasko has completed its audit through Solid Proof while also locking liquidity for 33 years. This prevents any rug pull situation. The Flasko presale is currently in phase two as it hopes to launch on Uniswap in the following period.
With a price of only $0.065, now is the time to grab the opportunity to invest in a future blue-chip cryptocurrency. If you wish to be a part of the Flasko presale, visit the official links below:
Website: https://flasko.io
Presale: https://presale.flasko.io
Telegram: https://t.me/flaskoio
Twitter: https://twitter.com/flasko_io
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Toon Finance is set to surpass Pancake Swap with New Ethereum version DEXswap
Toon Finance DEX
Toon Finance has more action going on than Donald Trump with the amount of publicity they have received lately. This coin is being written about all over the world in many different languages.
Toon Finance is an amazing project with many different features and innovative selections to choose from between the swap or the play to earn battle grounds. Either way you slice the pie this coin is definitely worth keeping on your watchlist. Toon Finance is already listed on CoinMarketCap and Crypto.com in the ICO section.
Toon Finance NFT
Toon Finance is dropping the NFT project of the year with 10,000 cute cuddly Toonie characters. The team also announced the NFT airdrop that is going down right around the corner.
Toon Finance is already offering so many resources to the crypto and NFT community and market experts from around the globe have been talking about the coin non stop saying that it could surpass DOGE or Shiba inu coin.
Twitter | Toon Finance | Telegram
What is a decentralized crypto exchange?
A decentralized crypto exchange is an online platform where you can buy, sell, or trade cryptocurrencies without the need for a middleman. This type of exchange is different from a traditional “centralized” exchange, such as Coinbase or Binance, because it does not require you to create an account or submit your personal information.
Instead, you can trade directly with another user through an intermediary (such as an escrow service). Decentralized exchanges are often hailed as being more secure and private than their centralized counterparts, but they come with their own set of risks and challenges. In this article, we’ll take a closer look at decentralized crypto exchanges and how they work.
How Decentralized Crypto Exchanges Work
A decentralized crypto exchange is an online platform that enables peer-to-peer (P2P) trading of cryptocurrencies. These exchanges do not use traditional order books; instead, they match buyers and sellers directly to each other. Decentralized exchanges are often hosted on decentralized networks such as the Ethereum blockchain.
This means that they are not subject to the same regulations as centralized exchanges, which must comply with Know Your Customer (KYC) and Anti-Money Laundering (AML) laws.
One of the key advantages of using a decentralized exchange is that it offers greater security and privacy than a centralized exchange. When you trade on a centralized exchange, you must first deposit your funds into the exchange’s wallets.
This means that your funds are stored on the exchange’s servers, which are vulnerable to hacking. If the exchange is hacked, your funds could be stolen. On a decentralized exchange, however, you retain control of your private keys at all times.
This means that even if the exchange is hacked, your funds will remain safe because they are stored offline in a wallet that only you have access to.
Another advantage of decentralized exchanges is that they are often available in countries where cryptocurrency trading is banned or restricted by government regulation.
Centralized exchanges are subject to these same restrictions; however, because decentralized exchanges do not have a physical presence in any one country, they can be accessed from anywhere in the world.
The main disadvantage of using a decentralized exchange is that it can be difficult to find someone who wants to buy or sell the cryptocurrency you want to trade. Because there is no central order book, buyers and sellers must find each other directly.
This can be time-consuming and may result in you paying higher prices for certain coins than you would on a centralized exchange. Additionally, many decentralized exchanges lack features such as stop-loss orders that are common on centralized exchanges. This means that you will need to be more careful when trading on a decentralized exchange so as not to lose money due to market volatility.
A decentralized crypto exchange is an online platform where you can buy or sell cryptocurrencies without the need for a middleman. These types of exchanges offer greater security and privacy than their centralized counterparts; however, they come with their own set of risks and challenges. In this article, we’ve taken a closer look at what decentralized crypto exchanges are and how they work.
Decentralized vs. Centralized Exchanges
In the cryptocurrency world, there are two main types of exchanges: centralized and decentralized. Both have their pros and cons, but it’s important to understand the difference between the two before investing in any digital asset. Here’s a quick rundown of each type of exchange.
Centralized Exchanges
A centralized crypto exchange is a platform that allows users to buy and sell digital assets in a centralized manner. That is, there is a central authority that manages all aspects of the exchange, from processing trades to holding user funds. Some of the most popular centralized exchanges include Coinbase, Binance, and Kraken.
The main advantage of using a centralized exchange is that they are usually much easier to use than their decentralized counterparts. They also tend to offer more features and support a wider range of assets. However, because they are centrally managed, they are also much more vulnerable to hacks and other security threats. In addition, centralization means that users must put a lot of trust in the exchange operators, which may not be ideal for everyone.
Decentralized Exchanges
A decentralized crypto exchange is a platform that allows users to buy and sell digital assets in a decentralized manner. That is, there is no central authority managing the exchange; instead, it is run on a blockchain or similar distributed ledger technology. Some of the most popular decentralized exchanges include EtherDelta and IDEX.
The main advantage of using a decentralized exchange is that they are much more secure than centralized exchanges since there is no central point of failure that hackers can target. They also tend to offer more anonymity since users don’t need to go through Know-Your-Customer (KYC) procedures in order to trade. However, decentralized exchanges can be much less user-friendly than centralized ones, and they often have lower trading volumes as well.
So, which type of exchange should you use? That ultimately depends on your own preferences and needs. If you’re looking for ease of use and a wide range of features, then a centralized exchange may be the right choice for you. However, if you prioritize security and anonymity, then you may prefer to use a decentralized exchange instead.
Introducing Pancake Swap Dex
In the world of cryptocurrency, there are many different exchanges and platforms that allow users to buy, sell, and trade digital assets. However, not all of these exchanges are created equal. Some are more user-friendly than others, some offer more features, and some simply have more liquidity. Pancake Swap Dex is one of the latter; it’s a decentralized exchange with a high liquidity pool that allows users to trade a variety of digital assets in a safe and secure environment.
What is Pancake Swap Dex?
Pancake Swap Dex is a decentralized exchange built on the Binance Smart Chain that offers users a high liquidity pool and low fees. It is also one of the few exchanges that allows users to trade directly from their wallets without having to deposit their funds into the exchange first. This makes Pancake Swap Dex a very attractive option for those looking for a safe and secure place to trade digital assets.
How Does Pancake Swap Dex Work?
Pancake Swap Dex works by using an automated market maker (AMM) system. This system allows users to buy and sell digital assets without having to go through a traditional centralized exchange. Instead, transactions are settled directly between users on the platform. This makes Pancake Swap Dex much faster and more efficient than other exchanges.
Why Use Pancake Swap Dex?
There are many reasons why you might want to use Pancake Swap Dex over other exchanges. First, as mentioned above, Pancake Swap Dex offers high liquidity and low fees. Second, it is one of the few exchanges that allow you to trade directly from your wallet without having to deposit your funds into the exchange first.
Finally, Pancake Swap Dex is built on the Binance Smart Chain, which is known for being fast, cheap, and scalable. All of these factors make Pancake Swap Dex a great choice for those looking for a safe and secure place to trade digital assets.
Pancake Swap Dex is a decentralized exchange built on the Binance Smart Chain that offers users a high liquidity pool and low fees. It is also one of the few exchanges that allows users to trade directly from their wallets without having to deposit their funds into the exchange first. This makes Pancake Swap Dex a very attractive option for those looking for a safe and secure place to trade digital assets.
Disclaimer: This is a press release post. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company.
Analyst Predicts When Cardano’s Market Cap Will Surpass Ethereum – Here’s The Timeline
This year, Cardano’s Vasil Hard Fork upgrade and Ethereum’s Merge event have been an emerging transition for the entire crypto space. Investors got more attracted to the market due to these most anticipated events.
While the crypto winter is trying to fade away this hype, several cryptocurrencies have maintained their legacy to be in the top positions, where altcoins like Cardano climbed a long way to be a tough competitor to Ethereum in terms of market capitalization.
Cardano Vs. Ethereum: Start Of A New Era
Cardano Vs. Ethereum is an edge-to-edge fight as both works on the proof-of-stake (PoS) consensus mechanism. However, Ethereum is currently sitting at the top of its league after Bitcoin. Still, Cardano is not far behind as it is silently getting an inch closer and has already made itself into the top eight in terms of market capitalization.
The past few years have seen a significant change in the list of top 20 cryptocurrencies, where some new crypto projects have replaced the previous ones. The exponential growth of stablecoins like USDT or USDC has completely changed the crypto landscape throughout the years. It is anticipated that the list will drastically change in the near future following ongoing developments in crypto projects.
According to a popular crypto influencer, Ben Armstrong, Cardano is projected to surpass Ethereum in terms of market capitalization in the next six to ten years based on the market’s current favorability and crypto’s adoption.
Elaborating on this, Ben said, “I officially now believe that Cardano will eventually pass Ethereum in market cap and users. It won’t be soon, but ironically, the slow roadmap for full ETH 2.0 rollout will be the Achilles Heel. Timeline: 6-10 years.”
Even Cardano founder Charles Hoskinson believes that Ethereum could witness a liquidity crisis soon as he stated,
“Ethereum is the Hotel California of cryptocurrencies. You can check-in, but you can’t check out. You’ll have less and less Ether trading in the marketplace. And then what will ultimately happen is you’ll have a liquidity crisis where a lot of volatility comes in.”
Cardano Is On The Verge
ADA is one of the highly volatile digital assets in the crypto market, and it once became a messiah for bringing astronomical returns. However, the continuity of negative news from the US stock market and global economic factors have caused turmoil in the crypto market that barred ADA from showing its real potential.
However, another prominent crypto strategist, Michael van de Poppe, believes that ADA has the potential to be a game changer among other cryptocurrencies, and the current price of ADA has lured investors enough to invest in it.
According to CoinMarketCap, Ethereum’s current market capitalization is $156 billion, far below its trillion-dollar market cap during the bull run. At the same time, ADA’s market cap is $12.54 billion, which is 13 times lower than ETH’s market cap.
As Cardano has a smooth journey ahead where Ethereum is facing a liquidity crisis, it is expected that this ‘Japanese Ethereum’ will shortly touch the range of trillion dollars market cap, surpassing Ethereum. Ben Armstrong’s prediction looks optimistic as the ADA community believes such flipping for ADA is possible in the long term.
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Cryptocurrency Experts Predict Flasko (FLSK) Will Surpass Ethereum Classic (ETC) and Litecoin (LTC) In 2023
The cryptocurrency industry’s ecology is ever-changing. Innovation in the crypto industry keeps investors motivated to support cryptocurrencies. Over the past six months, two cryptocurrency initiatives, Ethereum Classic (ETC) and Litecoin (LTC), have generated millions of dollars in income while providing top-notch services to their users.
However, Flasko is a fascinating token created to grab people’s attention and persuade them to take advantage of the benefits of the cryptocurrency market. Let’s find out why Flasko may be the finest cryptocurrency investment in 2023.
Ethereum Classic (ETC) Investors Are Now Participating In The Flasko (FLSK) Presale
Given that Ethereum is seen as the more authentic of the two networks, especially in light of Ethereum Classic’s security issues, the future of Ethereum Classic is less promising than Ethereum.
Due to system hacks, investors have lost faith in ETC over time. Until ETC can update its software and code to guard against hacks in the future, Ethereum Classic may face difficulties.
This manifested itself in the fall of its price. It is currently trading at $27.59, a fall of 84% from its all-time high of $176.16.
Litecoin (LTC) Raises Concerns After A Stagnant “Winter”
This cryptocurrency modeled on the Bitcoin (BTC) system is called Litecoin (LTC). Litecoin (LTC), the earliest altcoin, was introduced in 2011. Nonetheless, the Litecoin (LTC) blockchain network continues to employ the proof-of-work method, demanding a significant amount of space for mining.
One of the problems of Litecoin (LTC) is that it impacts the environment comparable to that of Bitcoin. Another negative that lessens the demand for Litecoin is the time it takes to conduct transactions.
At the time of this writing, Litecoin (LTC) has a price of $53.52. That is still a far cry from the LTC all-time high of $412.96.
Flasko (FLSK) Creates A Hype As Long-Term Investors Are Drawn To It
The Flasko platform is available to cryptocurrency investors interested in investing in the $13.4 trillion expanding alternative investment industry for costly and distinctive alcoholic beverages. Users may purchase pricey spirits, top-shelf wines, and vintage champagne NFTs, all of which have historically performed well as investments.
Whilst Flasko will utilize its launchpad to collaborate with well-known and emerging beverage firms, it will offer its stakers and investors perks like first-access to newly launched products and price discounts from their partners.
Now is a perfect moment to invest in Flasko because the presale just started, and the price has been rising ever since, from 0.015 to $0.04.
Looking at the new Flasko platform is unquestionably beneficial because making an early investment might provide a significant return. According to experts, the pricing is an excellent starting point for the Flasko effort, and by 2023 it may be between $1.90 and $2.10.
To learn more about participating in the presale of this exciting project, click the link below.
Website URL: https://www.flasko.io/
Presale: https://presale.flasko.io
Telegram: https://t.me/flaskoio
Twitter: https://twitter.com/flasko_io
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MEXC Users Surpass 10M, And a New Futures Trading Fee Deduction Is Launched
On Sept. 26, MEXC, the world’s leading cryptocurrency trading platform, announced that the number of platform users had surpassed 10 million. At the same time, MEXC also launched a new MX Token fee deduction scheme: Users can use the MX Token to deduct the fee for futures trading and can enjoy a 10% discount on spot trading. During the period from 10:00 on Sept. 26 to 10:00 on Oct. 2 (UTC+8), MEXC will also launch an event where futures traders can share a 20,000-Tether (USDT) bonus.
This is another core application scenario centered around the MX Token after the launch of the MX_USDT perpetual futures in July. So far, MX Token can be used to deduct the trading fee of spot, futures and other trades on the platform, and holders can also participate in various welfare activities such as Launchpad, MX DeFi, M-Day, Kickstarter and so on.
MX Token is proof of rights and interests issued in the MEXC ecosystem. It is a tradable encrypted digital proof of rights and interests and was first launched in 2018 with an initial supply of 1 billion.
On Dec. 31, 2021, after 38 repurchases, MEXC permanently burned a total of 450 million MX Tokens. Meanwhile, according to the MX Token 2.0 proposal, after being voted by the MX Token community, 100 million MX Tokens have been transferred to the black hole address again and permanently burned (these tokens were held by MEXC Foundation Reserve). After the burn, the total supply dropped to 450 million, 100 million of which are circulating on the secondary market.
As of July 31, 2022, through the latest repurchase and burn, the total supply of MX Tokens has reduced to 443,857,130, and the circulating supply has dropped to 93,857,130.
After repeated repurchases, burns and increasing application scenarios, the MX Token rose from a low of about 0.119 USDT to the peak of 3.7 USDT in the bull market from June 2020 to June 2022, with a maximum gain of 3,009%.
According to CoinGecko and Etherscan data, the price of MX Token is 0.98 USDT, its market cap is $98 million, and its total supply is 443,857,130.
About MEXC：
MEXC is the world’s leading cryptocurrency trading platform, providing one-stop cryptocurrency trading services for spot, exchange-traded funds, futures, staking, NFT Index, etc. ,and serving more than 10 million users worldwide. The core team has a solid background in traditional finance and has professional financial product logic and technical security guarantees in terms of cryptocurrency products and services. In October 2021, MEXC Global won the “Best Cryptocurrency Exchange in Asia.” Currently, it supports the trading of more than 1,400 cryptocurrencies and is the trading platform with the fastest launch speed for new projects and the most tradable categories. Visit the website and blog for more information, and follow MEXC Global and M-Ventures & Labs.
Contact:
Company Name: MEXC
Name: Jenny Sun
Email: [email protected]
Disclaimer: This is a press release post. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company.
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Shiba Inu to Surpass Dogecoin Soon! On-Chain Metrics Hints Massive SHIB Price Rally
Shiba INU’s (SHIB) price in recent times has been outperforming its closest competitor Dogecoin by surging nearly 20% since the beginning of the month. On the other hand, the Dogecoin price is also following and recording decent gains. However, the SHIB price has gained significant momentum that may assist the price to maintain a significant upswing ahead.
But will DOGE price remain on the back foot or offer tough competition for SHIB price?
Dogecoin, despite its inception just before the 2017-18 bull run & crash, gained huge fame during the 2021 bull run. The bull run began with the DOGE price rally that marked an 800% jump in a single day. Moreover, the support from Tesla CEO, Elon Musk, made the asset the highest performer of 2021 which surged more than 100x in a matter of 6 to 8 months.
However, ever since the DOGE price smashed the highs, it fell deep into the bearish well, unable to recover. On the other hand, SHIB price also underwent a similar rally but has been displaying constant spikes of let.
Now when Shiba INU & Dogecoin are trading at 13th & 11th positions respectively, the below-mentioned metrics indicate, that SHIB to outperform DOGE very soon.
- The Market capitalization of Shiba INU has risen and has maintained an upper hand, compared to that of Dogecoin
- The Daily Active Addresses of Shiba INU have spiked high constantly compared to DOGE, that has witnessed just a couple of upswings
- Shiba INU in the past couple of months has made a strong social impact and due to this has maintained a larger social dominance compared to that of DOGE.
If Shiba INU price maintains the current momentum while Dogecoin continues to trade with a lowered pace, then probably SHIB may outperform DOGE to enter the top 10 assets very soon.
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Big Eyes Attracts More Than $1.2 Million In The Early Stages Of Its Presale, Is It Going To Surpass Tron And Internet Computer?
Ever since the crypto market started booming, new and novel crypto projects have been developing and launching. After Bitcoin (BTC), popular crypto categories include altcoins, meme coins, stablecoins, GameFi tokens, DeFi tokens, and many more. Big Eyes (BIG) falls under the meme coins category and is currently in its presale stages. The crypto market has seen a severe downfall in recent months, thanks to the post-pandemic global recession and economic crisis. Many cryptocurrencies lost their positions in the rankings and are still struggling to survive.
However, some strong crypto projects succeeded in retaining their ranks in the market’s recovery process, such as TRON (TRX), Cardano (ADA), Internet Computer (ICP), and others. Getting inspired by these blue-chip projects, developers are keen to launch new cryptocurrencies having solid foundations that could bear the aftershocks of the crash. Let’s dive in to see how Big Eyes (BIG) is going to attract more contributors to build up its cat army after learning about the strengths and background fundamentals of TRON (TRX) and Internet Computer (ICP).
TRON (TRX)
TRON (TRX) is a decentralized crypto token for the Tron network, originally launched in 2017. The token was first built on the Ethereum blockchain as an ERC-20 token. After a year, the network launched its own protocol and shifted the token to TRC-20. TRON (TRX) was designed to allow content creators to earn good income from their content. The platform lets them enjoy the perks of decentralization using blockchain technology. This means the creators have the ownership rights of their content, and no intermediary like YouTube, Apple, or Facebook can take this away from them. Thus, the team initially built the network to serve as a decentralized Internet platform.
Justin Sun is the popular name behind TRON (TRX). He is the founder and CEO of Tron Foundation. Utilizing his enthusiastic brain cells, he also decided to launch an algorithmic stablecoin of the TRON network. The stablecoin is dollar-pegged and supported by the collateral to retain this peg. Its name is USDD (decentralized USD), and it is a great achievement of the Tron Foundation, looking at people’s utility in it. TRON (TRX) supports smart contracts and allows developers to develop decentralized applications (dApps) leveraging blockchain technology. Since its inception, the market has seen many dApps and TRC-20 tokens launched and hosted on this network. TRON (TRX) has a price under 1 dollar, which is a good pusher for crypto traders to keep purchasing the token even on bullish days. However, the token got severely hit by the crash of 2022 and is still not performing well despite its stablecoin’s success in the crypto market.
Internet Computer (ICP)
Internet Computer (ICP) is the native token of Internet Computer Protocol. It was launched back in May 2021. Thus, it is a fresh project compared with its rank in the crypto market. The protocol was designed to further the use of the Internet and impart more value to the development of smart contracts on a larger scale. The protocol serves the same purpose as TRON (TRX) in leveraging blockchain technology. The developers can build decentralized apps (dApps) using ICP.
Internet Computer (ICP) is counted among the world’s fastest public blockchains as it can support up to 11,500 transactions per second (TPS). The $ICP token has a supply of 469,213,710 tokens at its genesis. However, its circulating supply depends on the market dynamics. The token had made an all-time high (ATH) of $700.65 in May 2021. After that, the token got severely hit by market ups and downs, especially the crash of 2022. Today the price of one $ICP is under $20, which tells that it’s a sleeping giant waiting for the market’s bullish cycle to restart.
Big Eyes (BIG)
Big Eyes (BIG) is a new meme token joining the crypto market in 2022. The token is based on a cute Japanese anime-style cat that resides on the icon of this token. Although the token is currently under its development, the presale of the token has already begun, and users and meme lovers are overwhelmingly participating in it. The token is built with the purpose of supporting the thriving decentralized finance (DeFi) ecosystem. Currently, the market is experiencing a severe crash, and 2022 was a really upsetting year for crypto traders. Many crypto traders have lost their massive portfolios, and many are suffering from losses.
At this time, it’s important to launch newer and stronger crypto projects that could add value to the disrupted market and generate wealth for it. Big Eyes (BIG) is more or less on the same mission. Its cute cat-faced icon attracts every meme lover to join its presale and take home piles and piles of $BIG tokens at affordable prices.
What differentiates this meme token from others?
Big Eyes (BIG) differs from hundreds of meme tokens floating in the market for many reasons. Here are to name a few:
- Most meme tokens in the crypto market have a dog theme or are based on some dog breed, while Big Eyes (BIG) is one-of-its-kind to be as cutest as a cat.
- Big Eyes (BIG) wants to give back to the community and world more than it takes. For this, the ecosystem has already allocated a 5% of the token’s total supply for preserving oceans and marine livelihood.
- Big Eyes (BIG) is a community-powered and community-empowering token. This means the community will control the governance of the ecosystem, making it a fully-functional decentralized autonomous organization (DAO).
- Big Eyes (BIG) will not just launch a meme token and sleep away. It also aspires to mint its top ten NFTs collection for the users to enjoy more perks of its ecosystem and earn greater profits.
- Its initial liquidity pool will be locked for two years to support and strengthen its ecosystem.
Tokenomics & Allocation
$BIG is the token ticker of the Big Eyes (BIG) token. It has a maximum supply of 200,000,000,000 tokens. Here’s the allocation of this supply:
- 80% of this supply will be sold in the public presale that is already live. This means the community will have the most token allocation and control.
- 5% of the total supply will be utilized in marketing and promoting the token to a greater audience.
- 5% of the net supply is reserved for charity and will be used to save world oceans and aquatic life.
- A 20% chunk of the token will also be given to the crypto exchanges so that the users can buy the $BIG token if they miss the chance to buy it in presale using the method mentioned below.
How to enter the Presale?
If you’re excited to participate in the presale before it ends, here is a step-by-step guide for you to jump into the cuteness of $BIG’s world:
- Install a wallet supported by Wallet Connect. It’s recommended to use either MetaMask or Trust Wallet for browser and mobile purchasing, respectively.
- Get $ETH or $USDT in your wallet to deposit while purchasing the token.
- Use the 18-decimal contract address mentioned below to deposit your funds.
- Make sure you cross-check the contract address from the presale website before depositing the funds to avoid any financial loss.
- Once you’re all done, wait for the presale season to end. Once it’s over, the team will update the website with a Claim Button that you can click on to claim your bought $BIG tokens.
Big Eyes (BIG) claims to be a strong and community-led meme token. According to its official website, the project is certified by CoinSniper, ensuring that it is anti-rug and legit. Also, the contract of the Big Eyes (BIG) token is audited by Solidity Finance and shown to be 100% secure. As per the latest presale stats, the token has raised more than $1.2 million in USDT, while the target is $1.95 million. The presale will end when 1 USDT equals 7368.42 Big Eyes (BIG) tokens. Currently, on spending 1 USDT, you’ll get 10,000 $BIG tokens.
For more information on Big Eyes (BIG), you can visit the following links:
Presale: https://buy.bigeyes.space/
Website: https://bigeyes.space/
Telegram: https://t.me/BIGEYESOFFICIAL
Disclaimer: This is a press release post. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company.
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Polygon Bulls Wake Up, MATIC Price May Surpass $1 Any Time From Now!
Polygon price appears to have received the required push as popular exchange Robinhood adds support to the network. In a recent update, one can easily send & receive MATIC on the Polygon network in addition to the existing Ethereum network. The MATIC price spiked high with the announcement and continues to range high aiming to test the crucial resistance above $1.
The MATIC price was silently attempting to break out from the large consolidation, soon after facing a rejection close to $1. The bulls did manage to propel the price above $1, but an extreme bearish pressure knocked the bulls to their knees. However, the price drop now appears to be a bearish trap, to attract new strong hands onto the platform.
MATIC’s price is following a strong trade within the ascending triangle and is about to reach the peak of the consolidation. The recent rebound from the lower support at $0.74, induced significant strength in the rally while the Robinhood announcement fueled the uptrend.
Therefore, the next 24 to 48 hours may be pretty crucial for the asset as the bulls are required to hold their strength and push the price beyond $1.Else the asset may continue with a descending consolidation for a long time ahead.
On the brighter side, Polygon is thriving in the Web3 space as more than 60% of Web3 startups are building on Polygon. Moreover, there are over 20K dApps on the network, which substantials the claim. Collectively, MATIC’s price is expected to coil up once it stabilizes above $1 in the coming days.