Autor Cointelegraph By Jordan Finneseth

3 reasons why Waves price gained 100%+ in the last week

3 reasons why Waves price gained 100%+ in the last week

Uverejnil používateľ | mar 1, 2022 |

Development never stops in the blockchain sector and projects that continuously evolve are the ones that stay at the forefront and survive over the long-term. One project attempting to stay on top of the innovation wave is Waves, a multi-purpose blockchain protocol designed to support a variety of use cases, including decentralized applications and smart contracts. Data from Cointelegraph Markets Pro and TradingView shows that the price of WAVES has rallied 120% since forming a double bottom at $8.28 on Feb. 22.WAVES/USDT 4-hour chart. Source: TradingViewThree reasons for the price growth for WAVES are the recent announcement that the protocol will migrate to Waves 2.0, a partnership with Allbridge that will connect Waves with other popular blockchain networks and the upcoming launch of a $150 million fund aimed at fostering Waves’ growth in the United States. Migration to Waves 2.0The biggest development sparking momentum for WAVES has been the announcement that the protocol has begun the process of migrating to Waves 2.0. ✔️ Protocol updates: the new version of Waves will be based on Practical Proof-of-Stake Sharding (PPOSS) Consensus and support Ethereum Virtual Machine (EVM). Smooth transition is guaranteed! We’re now in transition to Waves 2.0 with a multi nuclei structure — Waves (1 ➝ 2) (@wavesprotocol) February 10, 2022Part of this transition includes the implementation of a new version of Waves consensus that will be based on practical proof-of-stake sharding (PPOSS), an upgrade that will help make the network faster, more secure and Ethereum Virtual Machine (EVM) compatible. Development of the EVM-compatible network is scheduled to start this coming spring and will be connected to the existing network as a way to provide a “smoother transition to Waves 2.0 without depreciating the old network’s value or efficacy.” Waves 2.0 will also include a new generic governance model, gravity bridges to all EVM-compatible networks and the creation of a blockchain agnostic Level 0 Inter-Metaverse protocol capable of providing a toolbox for creating connected metaverses that are unified by a shared economy and identity.Partnership with AllbridgeAnother development that has helped boost the price of WAVES is a partnership with Allbridge, a protocol focused on facilitating the transfer of assets between all blockchain networks. This partnership was established as part of the larger goal of Waves 2.0 and establishes universal bridge integration. The stated goal of the collaboration is “to create a unique bridge between Waves and supported EVM as well as non-EVM chains, such as NEAR Protocol, Solana and Terra.”According to developers at Waves, the goal is to have Allbridge fully integrated by the end of May. Related: Allbridge to become the first token bridge for the Stacks tokenWaves Labs and a $150 million ecosystem fundA third reason for the price growth in WAVES has been the addition of new partners to the ecosystem and the establishment of Waves Labs, which is a U.S.-based company. Waves Labs, now headquartered in Miami, are coming back to support rapid growth across the ecosystem. $150m fund and an incubation program will soon be started for the US teams, building products on Waves. The US is a key market to drive mass adoption in 2022. — Waves (1 ➝ 2) (@wavesprotocol) February 10, 2022

Waves also revealed that it will be launching a stand-alone decentralized finance (DeFi) fund at some point in Q1 2022 that will focus on investing in selected Waves-based DeFi products. The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.

Čítaj viac
FC Barcelona and AS Roma fan tokens rally after Socios partners with UEFA

FC Barcelona and AS Roma fan tokens rally after Socios partners with UEFA

Uverejnil používateľ | mar 1, 2022 |

Nonfungible tokens (NFTs) continue to see increased utilization as the possible applications of the technology have begun to be recognized in sectors ranging from sports entertainment to real estate.One subsector of this market that has seen a spike in momentum on Feb. 28 are fan token projects, protocols that allow their holders to participate in the governance of their favorite sports brands and receive specialized NFTs and other unique redeemables.Top 7 coins with the highest 24-hour price change. Source: Cointelegraph Markets ProData from Cointelegraph Markets Pro and TradingView shows that the three biggest gainers over the past 24-hours were FC Barcelona Fan Token (BAR), AS Roma Fan Token (ASR) and Atletico De Madrid Fan Token (ATM), which are all fan tokens that are part of the Chilliz (CHZ) protocol. Three reasons for the spike in the price of these fan tokens include a partnership between Socios and the Union of European Football Associations (UEFA), the increased attention on football as World Cup qualifying matches are ongoing and the popularity of NFTs being combined with the most-watched sport on the planet. Partnership with UEFAA recently announced partnership between UEFA, the governing body for European football, and Socios, a protocol that focuses on the creation of fan tokens, could be one driver of the current rally.The partnership is currently contracted through 2024 and establishes Socios as the regional sponsor for the Champions League, which is the most well-known competition held by the UEFA. A New EraWe are thrilled to announce that UEFA Club Competition Fan Tokens are coming to the Socios App.Fan Tokens will be exclusively available for free to Fan Tokens holders of clubs participating in the @ChampionsLeague, @EuropaLeague & @europacnfleague.#BeMoreThanAFan pic.twitter.com/dKiwHGoznR— Socios.com (@socios) February 15, 2022Through this collaboration, Fan Tokens will be made available for free to Fan Token holders of clubs participating in the Champions League as well as the Europa League and the Europa Conference League. Club fans who hold Fan Tokens have the opportunity to win VIP experiences or free NFTs that drop during live gameplay as long as they are holding their tokens on the Socios app. Ongoing competitionsA second reason for the strength seen in multiple Fan Tokens is the ramping up of football season and the building excitement for the World Cup which is scheduled to start on November 21, 2022.The football season typically runs from August through May, meaning that the season is three-quarters of the way complete with teams and their fans now looking towards any possible championship matches. Excitement for football is also on the rise as qualifier matches for the World Cup are currently ongoing ahead of World Cup 2022 which is scheduled to take place in Qatar from Nov. 21 to Dec. 17. Football is the most popular sport on the planet which makes it ideal for the application of Fan Token technology to better engage with fans and offer a new era of sports memorabilia. Related: Penalties and extra time: The scoreboard for soccer club crypto dealsThe rising popularity of NFTsA third factor helping boost Fan Tokens has been the overall popularity of NFTs, which continue to gain traction on a mainstream level as new use cases arise. Sports collectibles have long been a hallmark of various sectors of the market ranging from cards to in-game equipment signed by the players who used them. As digital technology continues to integrate into all facets of daily life, it is now making its mark on the collectible world through the creation of one-of-a-kind digital items that are stored on the blockchain. New @gnkdinamo NFT Be the only fan in the world to own the physical & digital version of the shirt Mislav Orsić wore against West Ham.Stay tuned for more details $DZG ⚡️ $CHZ pic.twitter.com/ThlPEaj5yr— Socios.com (@socios) February 11, 2022

With Fan Tokens, holders can now receive NFTs created in real-time during live matches and in extremely limited quantity, providing a never-before-seen level of rarity in sports memorabilia recorded on a blockchain. The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.

Čítaj viac
3 reasons why Lido DAO Token could be on the verge of breaking its downtrend

3 reasons why Lido DAO Token could be on the verge of breaking its downtrend

Uverejnil používateľ | feb 26, 2022 |

Ethereum (ETH) and decentralized finance (DeFi) are undergoing a seismic shift as the transition to Eth2 and a proof-of-stake consensus mechanism is helping to increase the value proposition for the network which has historically has been plagued with scaling issues and high transaction costs. Alongside this transition has been the introduction of liquid staking, which is helping to add utility to DeFi and giving investors the option to do more with their assets than just lock them up indefinitely.  Liquid staking could also help investors build more capital efficient portfolios.One protocol that has benefited from the shift toward liquid staking is Lido (LDO), a platform that allows investors to earn staking rewards on their tokens while also enabling them to put the resulting LP tokens to work in a variety decentralized finance (DeFi) protocols. Data from Cointelegraph Markets Pro and TradingView shows that the price of LDO has rallied 28% from a low of $1.27 on Feb. 21 to a daily high of $1.64 on Feb. 22. LDO/USDT 4-hour chart. Source: TradingViewThree reasons for the price reversal for LDO include the launch of support for Kusama (KSM) staking, an increase in the total value locked on the protocol and the rising popularity of liquid staking in the cryptocurrency market. LIDO adds KSM stakingThe most recent development to come from the Lido platform was the addition of support for Kusama liquid staking. Lido for Kusama on Moonriver is here ️Stake your KSM with Lido for daily rewards and to put your staked assets to use across the Kusama DeFi space.Learn more here: https://t.co/BOqLg6oFAv— Lido (@LidoFinance) February 18, 2022This integration was made possible through a developmental partnership with the Moonriver Network, a protocol that focuses on compatibility between Kusama and the Ethereum (ETH) network. KSM holders who choose to stake on Lido will be able to continuously earn staking rewards at an APR of 18% while also being able to use the staked Kusama (stKSM) on various DeFi platforms to earn additional yields. Other benefits include staking without the delay of bonding and un-bonding periods and the ability to maximize staking rewards through Lido’s dynamic reallocation to the most profitable KSM validator nodes. TVL soarsA second metric to note is the total value locked on the platform. Lido’s current TVL stands at $10.97 billion according to data from Defi Llama. Total value locked on Lido. Source: Defi Llama.After reaching a peak of $13.26 billion on Dec. 26, 2021, the total value locked on Lido fell to a low of $7.74 billion on Jan. 31 as the market-wide sell-off significantly reduced the value of tokens held on the protocol. Since that time, the TVL has recovered to $10.97 billion, despite the fact that the total market cap of the cryptocurrency market has remained flat. The addition of new assets like KSM could be a reason for the rising TVL. Lido also supports Ether, Terra (LUNA) and Solana (SOL). Related: pSTAKE Finance brings liquid staking and a new airdrop to the Cosmos ecosystemLiquid staking makes interacting with DeFi more pragmaticAnother factor helping bring a boost of momentum to LDO is the rising popularity of liquid staking. History of searches for liquid staking. Source: Google TrendsPrior to the addition of liquid staking, token holders had to choose between earning rewards through single staking on the network and removing them from circulation, or by putting them to work in DeFi protocols through paired liquidity pools. With liquid staking, investors can benefit from the best of both worlds by staking tokens to help secure the network along with the ability to earn a yield by in DeFi by pledging staked assets as collateral. For example, users who stake Solana (SOL) on Lido can also lend their stSOL on Apricot Finance for an additional APR of 32%. There is also a proposal vote on AAVE that suggests adding stETH as collateral on the AAVE v2 marketplace. If Lido continues to add multi-chain assets for staking and liquid staking, it could open the door for further price appreciation from the platform’s native LDO token.Furthermore, as the cryptocurrency ecosystem continues to embrace the transition to POS, liquid staking is likely to rise in popularity, which might also result in future gains for LDO.The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.

Čítaj viac
Altcoin Roundup: 3 portfolio trackers NFT and DeFi investors can use to stay organized

Altcoin Roundup: 3 portfolio trackers NFT and DeFi investors can use to stay organized

Uverejnil používateľ | feb 25, 2022 |

The cryptocurrency ecosystem has seen a tremendous amount of growth over the past couple of years, as the introduction of decentralized finance (DeFi) and the popularity of nonfungible tokens (NFT) have led to an explosion of projects on more than a dozen blockchain networks. The rapidly growing ecosystem means investors have to keep track of multiple wallet addresses, making portfolio trackers a popular option for traders needing to manage a diverse multichain portfolio. Here are three portfolio-tracking decentralized applications, or DApps, crypto traders can use to help monitor their investments.ZapperZapper supports the basic management of cryptocurrencies held on 11 different networks including Ethereum, Polygon, BNB Chain, Fantom, Avalanche and Optimism. The basic layout of the homepage provides information about the various protocols that the connected wallet is currently engaged with, and it also gives a breakdown of the value of assets held on each of the supported networks. Zapper dashboard. Source: ZapperUsers can perform token swaps through a basic swap interface that integrates with liquidity on decentralized exchanges such as Uniswap, Pangolin and QuickSwap, and they can also use the bridging feature to transfer assets between the supported chains. Traders can also deposit assets to pools on protocols integrated with Zapper, such as SushiSwap, PancakeSwap, Curve, Aave and Compound. Other integrations include yield farming options and the ability to deposit assets into vaults on Yearn.finance. Portfolio managers that are similar to Zapper include Zerion, Instadapp and DeFi Saver. NFTBankNFTBank is a free-to-use portfolio tracker that is specifically designed to help users manage their NFT holdings by providing a variety of tools to help with tracking and research. The main portfolio interface offers a simple breakdown of the profits and losses of the NFTs in the connected wallet by detailing the total revenue, total spending, return on investment and current inventory value of the assets held. NFTBank portfolio dashboard. Source: NFTBankThe front page also includes a simplified yearly calendar that indicates what days had the heaviest activity for the wallet or group of wallets in question, and there is the option to share a screenshot of the portfolio’s progress via social media. Users can see a more detailed breakdown of their holdings, track the performance of each asset, access an activity log for all interactions with different collections, and download tax filing documents to report earnings to appropriate government organizations. NFTBank also offers an NFT explorer that is capable of searching through collections on Ethereum, Klaytn, Ronin and Polygon to view data on current and previous floor prices, percentage change, 30-day volume and the daily number of newly listed NFTs in each collection.A price search feature allows users to search 1,222 different collections to find the “deal of the day,” and it breaks them down by estimated price, floor price, listing price, rarity rank and an overpriced/underpriced rating. NFT trackers that are comparable to NFTBank include the DappRadar portfolio tracker, ArtCentral.io and Value.app.DeBankDeBank is a more advanced interface that helps DeFi investors manage their holdings across 19 separate blockchain networks, including Ethereum, BNB Chain, Polygon, Chronos and HECO. DeBank main dashboard. Source: DeBankThe main interface for DeBank gives a breakdown of the value held on each network, and users can also see a deeper analysis of the amount held and staked in each wallet and across DeFi and NFT platforms.DeBank’s NFT section currently supports 414 collections on the Ethereum network, and it provides basic information such as the name of the specific NFT and its floor price.One feature that comes in handy for active DeFi users is the Token Approval section of DeBank, which lists all the different contract approvals active for the connected wallet, the amount approved and a breakdown of the risk exposure. – Keep in mind that u can manage your token approval permissions @DeBankDeFi with straightforward UI:1. Decline untrusted ones 2. Search to verifyhttps://t.co/XpcpO0VdCi https://t.co/7O6xLAwrIn pic.twitter.com/RXlMPWy28l— DeBank (@DeBankDeFi) February 28, 2021Using the Token Approval Management tool, users can decline any currently approved contracts directly through DeBank. The platform includes a “Feeds” section, which is a social function that allows users to follow other users who have high Web3 Social Rankings to track their latest trades, NFT purchases and social commentary. DeBank also offers a “DeFi List” that includes data on more than 1,165 different protocols spread across all the supported networks and breaks them down by tags, such as yield aggregator, decentralized exchange, options or NFT, and it provides information on total user deposits and the number of active users in the past 24 hours.Portfolio trackers similar to DeBank include Ape Board, Zerion and Tin.network.Want more information about trading and investing in crypto markets?The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.

Čítaj viac
VOXEL, SLP and ALICE rally after protocol updates and a major exchange listing

VOXEL, SLP and ALICE rally after protocol updates and a major exchange listing

Uverejnil používateľ | feb 25, 2022 |

Crypto markets are taking a beating but there are still a few standout performers even during this week’s volatility.One sector that has managed to rise above the noise are NFT-related altcoins and GameFi tokens.Top gainers in the collectible and NFT sector. Source: CoinMarketCapData from Cointelegraph Markets Pro and CoinMarket Cap shows that three notable gainers over the past 48-hours were Voxies (VOXEL), Smooth Love Potion (SLP) and MyNeighborAlice (ALICE).Voxie Tactics launches its marketplaceVOXEL is the native utility currency of Voxie Tactics, a free-to-play, 3-dimensional, role-playing game that combines the classic look of the popular tactical games of the 1990s and 2000s with modern game mechanics. Data from TradingView shows that after hitting a low of $0.90 on Feb. 22, VOXEL price spiked 65.6% to a daily high of $1.50 on Feb. 23 amid a 688% increase in its 24-hour trading volume. VOXEL/USDT 4-hour chart. Source: TradingViewThe turn of fortune for VOXEL comes as the protocol announced the Feb. 26 launch of the Voxie Tactics marketplace which will allow users participating in the game’s beta launch to buy or sell items for gameplay. Smooth Love Potion becomes more scarceSmooth Love Potion is the in-game currency players earn while playing Axie Infinity that can be used to breed new Axies. VORTECS™ data from Cointelegraph Markets Pro began to detect a bullish outlook for SLP on Feb. 22, prior to the recent price rise. The VORTECS™ Score, exclusive to Cointelegraph, is an algorithmic comparison of historical and current market conditions derived from a combination of data points including market sentiment, trading volume, recent price movements and Twitter activity.VORTECS™ Score (green) vs. SLP price. Source: Cointelegraph Markets ProAs seen in the chart above, the VORTECS™ Score for SLP climbed into the green on Feb. 20 and reached a high of 81 around 23 hours before the price increased 38% over the next day.The price turnaround for SLP comes amid a revamp of the tokenomics for the Axie Infinity ecosystem that includes a decrease in the rate of emission of SLP which will reduce the number of SLP minted daily by 175 million SLP. Related: AXS, RON and SLP surge after Axie Infinity developers revamp the project’s tokenomicsALICE lists at CoinbaseMyNeighborAlice is a farming-themed play-to-earn builder game with integrated decentralized finance features that operates on the Chromia network. Data from Cointelegraph Markets Pro and TradingView shows that the price of ALICE rallied 35% from a low of $6.11 on Feb. 22 to a daily high at $8.25 on Feb. 23.ALICE/USDT 4-hour chart. Source: TradingViewThe sudden spike in price and trading volume for ALICE followed an announcement from top-ranked U.S.-based cryptocurrency exchange Coinbase that it would be adding trading support for ALICE beginning Feb. 24.The overall cryptocurrency market cap now stands at $1.713 trillion and Bitcoin’s dominance rate is 41.7%.The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.

Čítaj viac

Získaj BONUS 8 € v Bitcoinoch

nakup bitcoin z karty

Registrácia Binance

Burza Binance

Aktuálne kurzy