Autor Cointelegraph By Jordan Finneseth

Komodo (KMD) rallies 54% after major push to expand interoperability with AtomicDEX

Komodo (KMD) rallies 54% after major push to expand interoperability with AtomicDEX

Uverejnil používateľ | feb 21, 2022 |

Interoperability between separate blockchain networks has become a major theme in the cryptocurrency market over the past year, but several major exploits — such as the $321 million Wormhole exploit — have highlighted the difficulties in achieving cross-chain transfers in a secure manner.One protocol that has been gaining traction in February thanks to its alternative approach to achieving cross-chain interoperability is Komodo, an open, composable multichain platform that is home to the AtomicDEX wallet and non-custodial decentralized exchange. Data from Cointelegraph Markets Pro and TradingView shows that after hitting a low of $0.446 on Feb. 20, the price of the platform’s KMD token surged 54% to a daily high of $0.687 on Feb. 22. KMD/USDT 4-hour chart. Source: TradingViewThree reasons for the spike in KMD’s price and trading volume include: the recent addition of support for 13 separate blockchain networks with AtomicDEX, fresh nonfungible token (NFT) launches and the secure nature of atomic swaps on AtomicDEX. Komodo integrates multiple blockchain networksThe most significant development for the Komodo protocol in 2022 to help boost its token price has been the addition of support for 13 different blockchain networks on AtomicDEX. @AtomicDEX adds @0xPolygon , @avalancheavax , @harmonyprotocol & 10 more protocols#AtomicDEX now offers a new bridging solution that helps support blockchain scalability efforts for both the @ethereum and @Bitcoin cash ecosystems. pic.twitter.com/9EhTnhmb9C— Komodo (@KomodoPlatform) January 11, 2022AtomicDEX is one of the few decentralized exchanges to currently offer a wide range of support for not just Ethereum Virtual Machine-compatible networks but also networks that share a source code with Bitcoin (BTC), such as Bitcoin Cash (BCH), Litecoin (LTC) and Dogecoin (DOGE). Because #DigiByte shares the source code of #Bitcoin it can be integrated into the same systems that utilize BTC. That is significant infrastructure being built. Keep your eye on decentralized exchanges that are working towards interoperability. @KomodoPlatform is a good example.— LT (Will never ask for or give away crypto) (@LTLovesdigi) February 20, 2022

Some of the other chains that have the potential to be integrated with AtomicDEX in the future, based on comments from various parties, include Digibyte, Cosmos and Polkadot. Nonfungible tokens launch on KomodoA second reason for the increase in activity for Komodo has been the introduction of NFTs to the ecosystem with the upcoming launch of Cyber Komodos.1. Hello world! We’re announcing the #CyberKomodo NFT Collection launching on @TokelPlatform. A collection to commemorate @KomodoPlatform and the great projects and teams that form part of the ecosystem. pic.twitter.com/XMtPda5oIw— Cyber Komodos (@CyberKomodos) January 25, 2022

NFTs continue to be one of the hottest trending topics in the cryptocurrency ecosystem, and they are also one of the best ways for a network to attract new users and generate engagement with their communities. Cyber Komodos is a collection of 777 unique Komodos with a varying rarity that will be launched on the Tokel NFT platform on March 15. Related: Industry players respond to Vitalik Buterin’s thoughts on cross-chain ecosystemsSecure cross-chain swapsA third factor bringing added attention to Komodo is the cross-chain swapping capability of AtomicDEX, which operates in a person-to-person manner and doesn’t require custodial services. Following several high-profile exploits of cross-chain bridges like Wormhole and Multichain, concerns related to smart contract exploits and hacks have led to user hesitancy when it comes to locking funds in these protocols. AtomicDEX performs trades using atomic swaps, which help reduce risk vectors and don’t require custodians or complex smart contracts that are more prone to errors. This, combined with the wide range of supported networks by AtomicDEX, has helped bring added attention to Komodo as security has become a focal point for crypto traders. VORTECS™ data from Cointelegraph Markets Pro began to detect a bullish outlook for KMD on Feb. 15, 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. KMD price. Source: Cointelegraph Markets ProAs seen in the chart above, the VORTECS™ Score for KMD climbed into the green zone on Feb. 15 and hit a high of 85 around 98 hours before the price increased 54% over the next day.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.

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pSTAKE Finance brings liquid staking and a new airdrop to the Cosmos ecosystem

pSTAKE Finance brings liquid staking and a new airdrop to the Cosmos ecosystem

Uverejnil používateľ | feb 21, 2022 |

One of the most significant transitions to occur for the cryptocurrency ecosystem since the launch of Bitcoin (BTC) has been the increasing dominance of proof-of-stake (PoS) protocols over the proof-of-work (PoW) model, primarily due to energy requirements of the PoW model and growing concern over its environmental impact. As more projects launch or transition to the PoS model, a new class of protocols have emerged that are focused on offering liquid staking options that allow token holders to tap into the value held in their staked tokens while still earning a yield for locking their assets on the network. pStake Finance is one of these platforms and here’s a brief look into its long-term goal of adding utility to the proof-of-stake model and how it differs from similar protocols. Heavy hitters back the project with a $10 million seed funding roundThe pStake project is part of the Persistence (XPRT) protocol, a multi-chain tech stack that supports Cosmos (ATOM), Ethereum (ETH) and other Tendermint-based chains. The long-term mission of Persistence is to create an ecosystem of multi-chain Web3 products designed to stimulate global liquidity and enable simplified value exchange. The project got a boost in November 2021 after it successfully completed a $10 million seed funding round from investors that include Three Arrows Capital, Galaxy Digital, Coinbase Ventures and Alameda Research. The funds raised during the seed round have been used to provide the reserves necessary to bootstrap liquidity staking on the protocol and ensure that there was enough liquidity for users to engage with the platform. Since its launch, pStake has offered liquid staking for Cosmos and XPRT, which have annual yields of 12% and 32%, respectively. Users who deposit ATOM or XPRT on the protocol receive stkATOM or stkXPRT in return, which can then be used for various functions in decentralized finance (DeFi) , including borrowing and lending. According to data from Defi Llama, the pStake protocol currently has a total value locked of $48.63 million.Total value locked on pStake. Source: Defi Llama.Developers behind the project are currently working on adding support for other tokens including Ether, Terra (LUNA) and Solana (SOL).Liquid staking comes to the Cosmos ecosystemWhile it’s nice to have new protocols that offer liquid staking, one key question to ask is how this project sets itself apart from the competition. Lido, for instance, is a liquid staking protocol that already offers support for Eth2, Terra, Solana and Kusama and has a TVL of $9.35 billion. The main difference for pStake is that it emerged out of the Cosmos ecosystem and has its main focus on increasing liquidity for other protocols that are part of the Inter-blockchain Communication Protocol (IBC) through adding Ethereum Virtual Machine (EVM) compatibility. While Lido does offer support for Terra, pStake is the only protocol that offers support for ATOM and other Tendermint-based projects. Once obtained, stkTOKENs are available for use across various decentralized finance protocols within the Ethereum ecosystem, allowing their holders to generate additional yield. Related: Here’s how Terra traders use arbitrage to profit from LUNA and bLUNApStake airdrop and ongoing developmentsLooking forward, pStake is focused on increasing the size of its community and expanding its offerings by adding support for other projects in the Cosmos ecosystem. As a way to help increase community support and reward early adopters, the project launched an airdrop of its pStake token which will see 30 million pStake distributed over the next six months to a variety of addresses including ATOM, OSMO and XPRT stakers. 1/ $PSTAKE Airdrop Explained Beginning Feb 24, 30M $PSTAKE will be airdropped over 6 months to:♦️ $ATOM, $XPRT, $OSMO stakers ♦️ stkAAVE, $CRV (including yveCRV, cvxCRV) holders♦️ pSTAKE early adopters♦️ @Cosmos $XPRT StakeDrop participantsℹ️https://t.co/KAbXYYd3Kypic.twitter.com/lUryVbmaWW— pSTAKE Finance (,) (@pStakeFinance) February 18, 2022On the development side, one of the main collaborations being explored currently is with Terra’s Anchor Protocol (ANC), a savings protocol that is responsible for the minting of the TerraUSD (UST) stablecoin. 1/ Exploring pSTAKE & Anchor Synergies@anchor_protocol represents the gold standard of DeFi savings. pSTAKE is the most prominent $ATOM liquid staking solution.Collaborating on new bAssets (e.g. $bATOM) would benefit both while unlocking new DeFi opportunities for stakers. pic.twitter.com/2ZQlfeBx8c— pSTAKE Finance (,) (@pStakeFinance) February 5, 2022

Through this integration, ATOM tokens could eventually be used as collateral to mint UST on Anchor, which can currently only be done with LUNA and Ether. 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.

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Analyst say Ethereum price could fall to $1,700 if the current climate prevails

Analyst say Ethereum price could fall to $1,700 if the current climate prevails

Uverejnil používateľ | feb 19, 2022 |

Bitcoin (BTC) and Ether (ETH) price are still being hard hit by the current wave of volatility and this is leading traders to go back to the drawing board and readjust their short-term expectations. On Feb.17, Bitcoin price briefly dipped below $40,000 and Ether failed to hold support at $2,900, raises the chance of a drop to $2,500. Data from Cointelegraph Markets Pro and TradingView shows that after hovering near the $2,900 support level through the morning trading hours, Ether was hit with a wave of selling that dropped it to an intraday low of $2,752. ETH/USDT 1-day chart. Source: TradingViewHere’s a look at what analysts are saying about the price drop for Ether and whether or not more downside is expected as global tensions continue to rise. Ethereum’s next stop could be $1,700 A general overview of the current outlook for Ether was provided by crypto trader and pseudonymous Twitter user ‘Crypto Tony’, who posted the following chart discussing the areas of support and resistance to keep an eye on. ETH/USD 1-day chart. Source: TwitterCrypto Tony said, “$3,900 remains the most pivotal area for me and if we flip that, well I believe the low is in… Reject from it or fail to even reach it and we head to my main target of $1,700.”Price is at a “super trend” resistance levelA more bullish take on Friday’s price action was offered by market analyst and pseudonymous Twitter user ‘IncomeSharks’, who posted the following chart indicating that Ether is now at a significant resistance zone. ETH/USD 4-hour chart. Source: TwitterAccording to the analyst,“Ether right at the supertrend resistance. Since it’s flat it usually has a higher chance of breaking upwards and flipping bullish. If it does flip bullish I think $2,900 to $3,000 would be next.”Related: U.S. inflation breaks 40-year record: Can Bitcoin serve as a hedge asset?The macro trend projects further downsideInsight into what could happen to Ether and the wider altcoin market, should it fail to hold this current level, was offered by trader and pseudonymous Twitter user Pentoshi.ETH/USD 1-day chart. Source: TwitterPentoshi said, “I will take note that there is local strength here since it held its lows but overall still lower highs. Trend is down. *IF* those lows break *THEN* *MOST* altcoins turbo nuke.”The overall cryptocurrency market cap now stands at $1.899 trillion and Bitcoin’s dominance rate is 41.4%.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.

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NFTs and DeFi are revolutionizing real estate investing and homeownership — Here’s how

NFTs and DeFi are revolutionizing real estate investing and homeownership — Here’s how

Uverejnil používateľ | feb 18, 2022 |

NFTs continue to make an impact on multiple sectors, and this mainstreaming is opening up new opportunities and revealing new trends for blockchain technology. Recently, the real estate sector has shown interest in blockchain technology because it opens up the potential for fractionalized ownership, cryptocurrency-backed mortgages and other unique ownership, financing and payment models.Here’s a look at a few real estate-oriented blockchain projects that are to integrate decentralized finance, cryptocurrency payments and nonfungible tokens (NFT) to the sector. PropyPropy is the largest real estate-focused protocol in the cryptocurrency market, and it’s focused on automating home buying and making the closing process faster and more secure. After becoming the first company to launch a real estate NFT in 2021, Propy made waves for the recent real estate NFT auction in the United States after selling a home in Tampa, Florida for 210 Ether (ETH) worth roughly $650,000.It’s a wrap! The first real estate NFT auction in the US is history now. Thank you so much to everyone who participated and to those who cheered us on. Congratulations to the lucky winner, we can’t wait to see what you do with the #PropyNFT next! What a blast! pic.twitter.com/LHfZrNSwTN— Propy (@PropyInc) February 10, 2022In addition to providing proof of ownership to the holder, real estate NFTs created through Propy can also be used as proof of collateral for crypto-based borrowing and lending. Milo offers crypto-based mortgagesWhen it comes to paying for a mortgage, crypto holders currently have to grapple with choosing which of their tokens they are willing to cash out and also incur a taxable event because there are few options for paying a mortgage with cryptocurrency. Milo is a Miami-based fintech startup that claims to offer the world’s first “crypto mortgage” by allowing customers to use Bitcoin (BTC) as collateral to qualify for a 30-year loan. Once launched, the service will be open to American and international customers looking to purchase real estate in the United States. The company has already processed a few loans during the ongoing early-access stage, but interested parties are encouraged to sign up for a waitlist. Related: Blockchain enables enterprise business models in the MetaverseHome equity goes DeFiEvidence of the growing popularity of real estate-focused projects in the blockchain ecosystem can be found by looking at several projects that have emerged onto the scene in 2022. Vista Equity is a recently launched project with the goal of becoming the world’s first peer-to-peer marketplace for real estate-backed NFT assets. WE HAVE LAUNCHED! A home can now be fully tokenized giving consumers new financial freedoms. Investors can now buy real estate backed NFTs as securities. Read our press release https://t.co/x7WKKyiCnH. Share, like & follow. @Algorand @wsford @silviomicali #realestate #blockchain pic.twitter.com/IiCDfv6034— Vesta Equity (@vestaequityvpm) February 15, 2022

The goal of Vesta Equity is to allow homeowners who own their homes outright to tap into the equity in their homes through tokenization. According to the company, token holders would then be able to sell off a portion of it as a fractionalized NFT. Typically, property owners tap into their equity by refinancing or selling, and tokenization remedies this problem by providing investors with a simplified way to invest in real estate. QuantumRE is a similar project that is just getting started. Like Vista Equity, the goal of QuantumRE is to link homeowners with investors to help provide homeowners with access to debt-free financing, while investors get access to residential real estate. To do this, QuantumRE helps with the process of originating Home Equity Agreements (HEA), a type of financial tool that allows homeowners to get a cash lump sum for the equity held within their home with no monthly payments, interest or added debt.The agreement can be settled by selling the home, refinancing or renewing the agreement. By creating liquidity and a trading platform for HEAs, QuantumRE is supporting a secondary trading marketplace for HEAs, which can be tokenized and split into fractional units. QuantumRE indicated that the first fractionalized HEAs will be offered on the platform during Q1 of 2022.On an interesting side note, both Vista Equity and QuantumRE are launching their products on the Algorand blockchain, citing the network’s fast processing speeds and low gas fees when compared to the Ethereum 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.

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Bitcoin bulls scramble to defend $40,000 as the crypto market sell-off intensifies

Bitcoin bulls scramble to defend $40,000 as the crypto market sell-off intensifies

Uverejnil používateľ | feb 18, 2022 |

Bitcoin (BTC) and altcoins dropped further on Feb. 17 after the situation in Ukraine worsened and Russia expelled Bart Gorman, the United States Deputy Chief of Diplomatic Mission, from the country after President Biden reiterated that the threat of a Ukraine invasion by Russia was “very high.” Data from Cointelegraph Markets Pro and TradingView shows that the afternoon resurgence in sell-side pressure dropped the price of Bitcoin to a daily low at $40,081 as bulls frantically regroup and attempt to prevent a slide below $40,000. BTC/USDT 4-hour chart. Source: TradingViewAccording to analysts, the bullish case for a move higher continues to dwindle as the factors weighing on the crypto market mount. Real rates and inflation are the main issuesThe effect of the Ukraine-Russia situation was touched upon by David Lifchitz, managing partner and chief investment officer at ExoAlpha, who noted that the situation “is definitely weighing on risk assets, up like Feb. 15, down like today.”While the Ukraine-Russia saga is currently dominating news headlines and causing widespread weakness across global markets, Lifchitz suggested that the situation “looks like a distraction from the real rates/inflation issue.” According to Lifchitz, this current conflict may only last a few months while “the inflation/rates issue is a multi-year issue that can hit much more, on a broader scale, and for a longer time.”Lifchitz said, “Bitcoin is just pulling back into its $30,000 to $50,000 range for now as we remain in a traders’ market. So unless there’s a significant break below $33,000 or above $48,000, the swing trading will continue and altcoins will follow the move, with just more amplitude.”Related: Bitcoin traders say $40K is the ‘line in the sand’ after BTC and stocks sell-offBitcoin remains a strong assetDespite the recent weakness, market analyst and pseudonymous Twitter trader ‘IncomeSharks’ offered the following words of comfort to help add a little perspective to the long term outlook for BTC. With everything that has happened over the years how can you not be bullish knowing #Bitcoin is still worth over $40,000? It continues to be worth more almost every single year since it’s inception. This is a stronger asset than people give credit.— IncomeSharks (@IncomeSharks) February 17, 2022The overall cryptocurrency market cap now stands at $1.85 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.

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