Značka: Markets Pro

How a single strategy crypto algorithm gained 176.31% while Bitcoin tanked 65% in 2022

Before we get into the nitty-gritty of how one simple rule created the kind of insane return on investment noted in the headline — during one of the worst Crypto Winters in recent history — let’s be clear on one thing.You can’t copy this now.But anyone with access to Cointelegraph Markets Pro in 2022 could have. This is not a mere backtested strategy. It’s a real-life strategy — although you’re about to see historical results. This is no longer a thought experiment or proof-of-concept; it is an actual way to make money in crypto trading. For our purposes, it’s also a perfect way to illustrate how a simple strategy can work for real traders in real life — even during extreme market pullbacks. So, let’s dig in. What could you do, right now, today, with this algorithm?What does “Buy 85, Sell 80” mean?Here’s the basic premise. In partnership with data firm The Tie, Cointelegraph Markets Pro has developed the VORTECS™ Score, an algorithmic determination of how bullish or bearish current trading conditions are for a given crypto asset.The score is based on historical data, and it essentially sifts through the whole history of a coin or token looking for conditions that are similar to those it observes right now.It’s looking for a variety of similarities and outliers — for instance, trading volume, recent price action, social sentiment and even the volume of tweets about that asset.If it finds similarities, it looks at what happened next. Did the asset go up or down? How consistent was that movement? How significant was the rise or fall?Combining all of these data points, Markets Pro creates the VORTECS™ Score, a dynamic and constantly evolving evaluation of the current trading conditions for each supported asset. The higher the score, the more bullish the outlook — and the more confident the algorithm is. Conversely, a very low score is bearish (with equal confidence). A neutral score of 50 means the algorithm sees no significant correlation between current conditions and past price performance.The Markets Pro platform offers a whole range of strategies to traders. A “Buy 85, Sell 80” strategy means that a trader can buy an asset that crosses the 85 score, which is considered strongly bullish. And then “sell” the asset once it goes below the score of 80.Of course, this is happening live on an exchange. Or a trader can simply “paper trade” the asset to test the algorithm out. For instance — if Solana’s SOL crossed 85, and was the sole asset with that high score, the trader could place a percentage of their current portfolio into SOL. But if Binance’s BNB then crossed 85 as well, the trader could allocate some other percentage of their portfolio to BNB. Or not. The choice is theirs. So why is this valuable to know?The point here is to evaluate whether the VORTECS™ algorithm is good at its job.When it sees bullish conditions, is it right more often than not? When the score goes up, do prices generally increase? Obviously, the answer is yes.The Buy 85, Sell 80 is only one strategy. There are other strategies that have created a massive return on investment in 2022.For instance, Buy 90, Sell 85. That one is sitting on gains of +96.89% in 2022. Even stronger strategies include:Buy 90, Sell 90 | +159.15%Buy 85, Sell 75 | +102.65%In fact, Bitcoin (BTC) returned -65% since the start of 2022 and Ether (ETH) fared no better with returns of -68% while VORTECS™-based strategies averaged +81.50% across the board beating the pants off BTC and ETH respectively. And that signals that VORTECS™ is working correctly. It is — in general, over time — proving that historical trading conditions for digital assets can be a useful gauge for the current health of that asset.In other words, a high VORTECS™ Score has a proven correlation to price appreciation. Not in every instance, not for every asset… but in general, the results in 2022 have made a compelling case.Warren Buffett (perhaps paraphrasing Georg Wilhelm Friedrich Hegel) once said that “What we learn from history is that people don’t learn from history.”(As a crypto skeptic, he might want to revisit his stance.)That’s what the VORTECS™ Score is all about. Learning from history. And that’s why a real return of 176.31% right in the middle of one of the worst Crypto Winters in the market’s history is important.It tells us we’re looking at the right history.Cointelegraph Markets Pro is available exclusively to members on a monthly basis at $99 per month, or annually with two free months included. It carries a 14-day money-back policy, to ensure that it fits the crypto trading and investing research needs of subscribers, and members can cancel anytime.Cointelegraph is a publisher of financial information, not an investment adviser. We do not provide personalized or individualized investment advice. Cryptocurrencies are volatile investments and carry significant risk including the risk of permanent and total loss. Past performance is not indicative of future results. Figures and charts are correct at the time of writing or as otherwise specified. Live-tested strategies are not recommendations. Consult your financial advisor before making financial decisions.All ROIs quoted are accurate as of 8:00 am UTC on Nov. 17, 2022

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Ocean Protocol, Helium and Chainlink post monthly gains while Bitcoin price consolidates

Positive price movements during bear markets are noteworthy primarily because they can help identify projects that have a good chance of surviving until the next bull cycle . Generally, price action in June has been stagnant for a majority of the crypto market because traders are nervous about Bitcoin’s (BTC) oscillation around the $30,000 support level, but there have been a few strong performers. LINK/USDT vs. HNT/USDT vs. OCEAN/USDT 4-hour chart. Source: TradingViewData from Cointelegraph Markets Pro and TradingView shows that three of the biggest gainers in the month of June have been Chainlink (LINK), Ocean Protocol (OCEAN) and Helium (HNT). Chainlink introduces stakingThe Chainlink protocol is the most widely adopted oracle network in the cryptocurrency ecosystem which allows blockchains to securely interact with external data feeds for the proper functioning of smart contracts. Earlier this week, the project revealed a roadmap for the first time and indicated that LINK staking would launch soon. The NewsQuakes™ alert system from Cointelegraph Markets Pro managed to capture the staking announcement for LINK on June 7, prior to the recent price rise.VORTECS™ Score (green) vs. LINK price. Source: Cointelegraph Markets ProAs seen in the chart above, following the NewsQuakes™ alert for LINK which was registered at noon on June 7, the price of LINK proceeded to increase by 29.55% over the next two days. Ocean Protocol introduces data NFTsOcean Protocol’s native OCEAN token also was a strong performer this week and data from Cointelegraph Markets Pro and TradingView shows that since hitting a low of $0.1965 on June 3, the price of OCEAN has rallied 64.53% to hit a daily high at $0.3233 on June 9.OCEAN/USDT 4-hour chart. Source: TradingViewThe climbing price of OCEAN comes after the release of the Ocean ONDA v4 data marketplace which debuted the release of data NFTs that can be used to model the copyright or exclusive license for a data asset. Along with the introduction of data NFTS, the protocol has also introduced Ocean data framing which enables token holders to stake their OCEAN tokens and earn up to 125% APY. Related: Chainlink brings Keepers and VRF to the Avalanche blockchainHelium holders vote to support new networksHelium protocol is a 5G Internet-of-Things-focused project supporting low-powered wireless devices to communicate with each other and send data across its network of nodes.Data from Cointelegraph Markets Pro and TradingView shows that since hitting a low of $6.35 on May 29, the price of HNT has surged 79.14% to hit a daily high of $12.28 on June 9 as its 24-hour trading volume spiked 249% to $126.7 million. HNT/USDT 4-hour chart. Source: TradingViewHNT’s breakout occurred as the Helium community voted on HIP-51, a proposal that covered the economic and technical constructions needed to scale the Helium Network to support new users, devices and different types of networks including cellular, VPN, WiFi and LPWAN. Voters ultimately approved the proposal on June 8, with 96.94% of voters approving the transition to making Helium a “network of networks.”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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fUSD stablecoin launch and rumors of Cronje’s return send Fantom (FTM) price higher

After a strong 2,000% rally in early 2021, Fantom (FTM) price collapsed alongside multiple altcoins and even though the blockchain has an impressive capability, it has yet to find mass adoption due to the lack of a compelling use case. FTM price hit an all-time high at $3.46, only to collapse to its pre-bull market lows under $0.25 after the failure of the Solidly DeFi project and the departure of developer Andre Cronje.  Data from Cointelegraph Markets Pro and TradingView shows that since dropping to $0.238, FTM has rallied 119.23% to $0.5216 on May 23.FTM/USDT 4-hour chart. Source: TradingViewThree reasons for the uptrend in FTM price are the launch of the first native stablecoin on the Fantom network, new protocol upgrades and partnership announcements, which bring new functionality to the network, and speculation that Andre Cronje is working with decentralized finance (DeFi) protocols on Fantom. Fantom launches its first native stablecoinThe most notable development to occur in the Fantom ecosystem in the past few weeks was the release of fUSD, the first native stablecoin on the network. The launch of fUSD comes on the heels of the collapse of TerraUSD and looks to capture some of the capital flight from algorithmic stablecoin by offering an over-collateralized alternative. On May 20, the Fantom Foundation released an update outlining the maximum collateral factor and minting cap for each supported form of collateral. The foundation also set the fUSD staking reward at 11.3% The update also included details on Fantom liquid staking, setting a global cap of 150 million staked Fantom (sFTM), removing validators for the list of those eligible to mint sFTM and setting a loan-to-value (LTV) ratio of FTM at 90% for the purposes of minting sFTM. New partnerships improve sentiment for FTMA handful of recent protocol updates and new partnerships have also helped to bring a boost in momentum to Fantom, including the launch of Snapsync, which allows new nodes to quickly join the network. With the integration of Snapsync, the time it takes for new nodes to synch could be reduced from 24 to seven hours, helping to enhance network reliability, improve scalability and create a greater degree of decentralization. Fantom has also announced that it is currently in the process of launching Gitcoin on the Fantom network to simplify the process of obtaining grants to develop in the Fantom ecosystem. Fantom also partnered with Unmarshal and XP.Network. Unmarshal is a Web3 infrastructure provider that will integrate its indexing services with the Fantom protocol to give developers easy access to organized and granular on-chain data.Through the partnership with XP.Network, Fantom users will be able to bridge nonfungible tokens (NFTs) between Ethereum (ETH), BNB Smart Chain (BNB), Elrond (EGLD), Aurora (AURORA), Tron (TRX), Avalanche (AVAX) and Velas (VLX). Related: Crypto remittances must have allure of cash without regulatory constraints — Jeremy AllaireDid Andre Cronje return?Another factor, albeit speculative, bringing a boost FTM price is speculation that well-known DeFi developer Andre Cronje could be contributing toward DeFi development on the Fantom network. Amid rumors about the return of lead DeFi developer Andre Cronje, the price of the native FTM token has risen by almost 40%. Cronje proposed a number of measures aimed at stabilizing the situation and increasing the sustainability of the Fantom ecosystem as a whole.— Ashley Torres (@torresamba) May 23, 2022The speculation started when Cronje submitted an fUSD optimization proposal that designed to solve a major depegging issue with the stablecoin on May 20 . A Fantom wallet that is believed to belong to Cronje has also added more than 100 million FTM over the past two weeks. VORTECS™ data from Cointelegraph Markets Pro began to detect a bullish outlook for FTM on May 20, 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. FTM price. Source: Cointelegraph Markets ProAs seen in the chart above, the VORTECS™ Score for FTM spiked to a high of 89 on May 20 at the same time as its price began to increase 62.3% over the next three days.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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Markets are weak, but ALGO, FXS and HNT book a 20%+ rally — Here’s why

Large-cap cryptocurrency continue to slump as investors await comments from the Federal Open Markets Committee regarding the exact size of the next interest rate hike.There are, however, a few bright spots in the market and select altcoins managed to post double-digit gains in trading on May 3, thanks to a big-time partnership announcement and cross-protocol collaborations that led to a spike in demand. Data from Cointelegraph Markets Pro and TradingView shows that three of the biggest gainers over the past 24-hours were Algorand (ALGO), Frax Share (FXS) and Helium (HNT). AlgorandThe pure proof-of-stake blockchain network had, perhaps, one of the most notable partnership deals for a crypto project in recent months after this week’s announcement that it had been selected as the official blockchain of FIFA, the globally recognized international governing body for soccer. BREAKING: @FIFAcom has announced #Algorand will become the official blockchain of FIFA, empowering the global football community with cutting-edge, sustainable technology. Read more https://t.co/LTTUqGNLNA @FIFAWorldCup #FIFAWorldCup pic.twitter.com/LuEFTY3WK6— Algorand (@Algorand) May 2, 2022ALGO was trading at a price of $0.58 prior to the announcement and the price proceeded to rally 28% to a daily high of $0.743 as news of the collaboration spread across the crypto ecosystem. ALGO/USDT 4-hour chart. Source: TradingViewAt the time of writing, ALGO is trading at $0.673, representing a 16% gain on the 24-hour chart. In addition to the FIFA announcement, Algorand has been expanding its ecosystem by launching decentralized finance and nonfungible token protocols on the network. The project also launched a blockchain-based card game called Aegir Tactics and a real estate tokenization platform called Vesta Equity. Frax ShareFrax Share, the native token of the Frax protocol, is the first fractional-algorithmic stablecoin project to launch in the cryptocurrency ecosystem and on May 3, the asset staged a 23% rally despite the wider market being in a downtrend. FXS price staged a 23% rally from $21.89 on May 2 to $26.94 on May 3 after a 200% increase in its 24-hour trading volume. FXS/USDT 4-hour chart. Source: TradingViewThe sudden turnaround in FXS price comes as the popularity of 4pool, a new Curve Finance stablecoin liquidity pool that was developed by Terra, began gaining momentum as it deploys on Fantom, Arbitrum and other networks. 4pool is composed of the TerraUSD (UST), FRAX, USD Coin (USDC) and Tether (USDT) stablecoins and it is designed to help concentrate stablecoin liquidity across 4pools located on every major chain through the Curve protocol. Related: ALGO price in danger of 25% correction despite Algorand–FIFA partnership hypeHeliumHelium is a decentralized blockchain network for Internet of Things (IoT) devices and it is powered by a global system of low-power nodes run by miners.VORTECS™ data from Cointelegraph Markets Pro began to detect a bullish outlook for HNT on May 1, 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. HNT price. Source: Cointelegraph Markets ProAs seen in the chart above, the VORTECS™ Score for HNT spiked to a high of 79 on May 1, around 13 hours before the price increased 20.35% over the next day. The gains for HNT followed a developer announcement detailing plans to implement Helium 5G data transfer rewards. This will enable 5G hotspot operators to earn HNT when a compatible 5G device sends data over the network by connecting with the users’ hotspot. 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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Major exchange listings spark a 40% rally in Steem, TrustSwap and 0x

Sentiment in the cryptocurrency market is on the upswing after small gains from Bitcoin (BTC) and altcoins hint that the market could be in the process of a bullish breakout.A handful of altcoins are also finding momentum and a round of fresh partnership announcements appear to back the 40% gains seen in select assets on April 21.Top 7 coins with the highest 24-hour price change. Source: Cointelegraph Markets ProData from Cointelegraph Markets Pro and TradingView shows that the biggest gainers over the past 24-hours were Steem (STEEM), TrustSwap (SWAP) and 0x (ZRX). Binance lists STEEMThe community-focused blockchain network Steem is the underlying chain for the social media platform Steemit, which allows users to earn rewards for their posts and interactions within the community. Data from Cointelegraph Markets Pro and TradingView shows the price of STEEM hit a low of $0.344 on April 20 and then proceeded to surge 77.16% to hit a daily high at $0.61 on April 21 as its 24-hour trading volume exploded. STEEM/USDT 4-hour chart. Source: TradingViewThe sudden burst in momentum and trading volume for STEEM follows an announcement from Binance exchange that it was adding support for the STEEM/USDT trading pair. TrustSwap trades at BithumbTrustSwap is a decentralized finance protocol that specializes in the creation of multi-chain token swaps and offers a host of other features including staking, the ability to mint new tokens and an in-house launchpad.VORTECS™ data from Cointelegraph Markets Pro began to detect a bullish outlook for SWAP on April 16, 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. SWAP price. Source: Cointelegraph Markets ProAs seen in the chart above, the VORTECS™ Score for SWAP spiked into the green zone and hit a high of 75 on April 16, around 65 hours before the price surged 120.96% higher over the next three days.The rally in SWAP price follows a new listing on the South Korean cryptocurrency exchange Bithumb and an increased effort to market the protocol’s minting module, which allows users to easily create a cryptocurrency and launch it on the BNB Smart Chain as well as the Ethereum and Polygon blockchains.Related: Coinbase is planning to purchase crypto exchange BtcTurk in $3.2B deal: Report0x partners with CoinbaseZRX is a decentralized exchange infrastructure protocol that specializes in facilitating the trading of assets on the Ethereum blockchain without needing to rely on centralized intermediaries. VORTECS™ data from Cointelegraph Markets Pro began to detect a bullish outlook for ZRX on April 19, prior to the recent price rise. VORTECS™ Score (green) vs. ZRX price. Source: Cointelegraph Markets ProAs shown above, the VORTECS™ Score for ZRX peaked at a high of 75 on April 19, just one hour before its price began to rally 71.56% higher over the next two days.The rapid spike in ZRX price came on the heels of an announcement that Coinbase had partnered with 0x to power their new social marketplace for nonfungible tokens, or NFTs. The overall cryptocurrency market cap now stands at $1.94 trillion and Bitcoin’s dominance rate is 41.3%.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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Upcoming airdrop and boosted staking rewards send Origin Protocol (OGN) price higher

Stablecoin minting and nonfungible tokens (NFTs) have been the latest trending topics in the cryptocurrency market and protocols like Terra (LUNA) have led the discussion on why stablecoins should be backed by assets like Bitcoin and Avalanche (AVAX). One project that appears to be following Terra’s lead is Origin Protocol (OGN), a platform focused on NFTs and decentralized finance. Data from Cointelegraph Markets Pro and TradingView shows that over the past month, the price of OGN has rallied 143% from a low of $0.25 on March 10 to a daily high of $0.725 on April 19.OGN/USDT 1-day chart. Source: TradingViewThree reasons for the OGN rally include a reorganization of staking rewards, developments in the protocol’s Origin Dollar (OUSD) stablecoin and the expansion of its NFT ecosystem. Updated staking rewardsHolding and staking OGN tokens is set to become more lucrative following the passage of a governance proposal that will distribute Origin Story platform fees to stakers. ️ A recent governance proposal was passed that will allow Origin Story platform fees, whether primary sales commissions or secondary trading/royalty fees, to be distributed to $OGN stakers after an upcoming re-launch of our staking program.Read more https://t.co/63WlOPTkGH— Origin Protocol (@OriginProtocol) April 12, 2022Origin Story is the protocol’s NFT launchpad that has been utilized by musicians, celebrities and creators to mint new lines of NFTs for interested parties to purchase. The proposal, which was put forward by the core development team at Origin, will establish a direct connection between Origin Story’s product traction and revenue growth and OGN performance and it passed with 100% approval from voting participants. Following its full implementation, OGN stakers will begin to accrue rewards from primary sales commissions and secondary trading and royalty fees on Origin Story. Origin revamps its stablecoinAnother development providing a boost for OGN is an increase in the capabilities of the Origin Dollar stablecoin, plus the addition of a governance token and a new exchange listing. In March, OGN holders voted on a proposal for the creation of a new governance token for OUSD that will be distributed to OGN hodlers. Important governance proposal for all $OGN holders: Should we launch a new governance token for $OUSD with a 1:1 airdrop to all $OGN holders?https://t.co/d80l6Kh2qf— Origin Protocol (@OriginProtocol) March 10, 2022

The measure passed the community vote and helped spark the mid-March rally in OGN price after traders accumulated the token to qualify for the airdrop. On top of the momentum generated by the governance token launch, OUSD has also benefited from a listing on Gate.io, which is offering OUSD holders extra yield as an additional way to earn aside from the 15% that OUSD holders earn by simply holding the token in a wallet. Related: How Web3 is redefining storytelling for creators and fans through NFTsGrowth of the Origin Protocol NFT ecosystemA third factor helping to boost the price and on-chain activity for Origin Protocol is the continued expansion of its NFT ecosystem which has seen multiple new projects launch in the past month. We’re proud to join forces with @praise_pals to bring this collection of 8,888 unique characters to Origin Story. Praise Pals has partnered with celebrities, brands, & thought-leaders to create one-of-a-kind Web3 experiences to give back back to community!https://t.co/USbKiRvCf8— Origin Protocol (@OriginProtocol) April 11, 2022

The upcoming launch of Blades of Valor, a player-versus-player role-playing game and NFT ecosystem, is also helping to generate buzz for the gaming community on Origin. VORTECS™ data from Cointelegraph Markets Pro began to detect a bullish outlook for OGN on April 12, 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. OGN price. Source: Cointelegraph Markets ProAs seen in the chart above, the VORTECS™ Score for OGN hit a high of 82 on April 12, around one hour before the price began to increase 68.38% over the next seven days.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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QSP, XDB and AST post double-digit gains amid sideways moving market

Activity across the cryptocurrency market has been largely subdued on April 15 as traders in the United States have taken an early weekend thanks to the closure of financial markets for the observance of Good Friday.A survey of the top 20 tokens indicates a relatively flat trading day, with Bitcoin (BTC) clinging to support above $40,000. Several lower-ranking altcoins managed to post double-digit gains on the back of recent protocol developments. Top 7 coins with the highest 24-hour price change. Source: Cointelegraph Markets ProData from Cointelegraph Markets Pro and TradingView shows that the biggest gainers over the past 24-hours were Quantstamp (QSP), DigitalBits (XDB) and AirSwap (AST). Quantstamp launches NFT CombinatorBlockchain security and code audit provider Quantstamp led the altcoin charge as its token price spiked 35% on April 15 to reach a daily high of $0.0804.VORTECS™ data from Cointelegraph Markets Pro began to detect a bullish outlook for QSP on April 14, 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. QSP price. Source: Cointelegraph Markets ProAs seen in the chart above, the VORTECS™ Score for QSP spiked into the green and hit a high of 76 on April 14, around three hours before the price increased 35% over the next day.The move higher for QSP follows the launch of NFT Combinator, a new platform created by Quantstamp that is designed to help incubate up-and-coming digital artists and help them launch their early collections. DigitalBits partners with David Beckham DigitalBits is a protocol layer blockchain that is specifically designed to support brand currencies and consumer digital assets. Data from Cointelegraph Markets Pro and TradingView shows that the price of XDB has climbed 28% from a low of $0.317 on April 14 to an intraday high at $0.404 on April 15, as its 24-hour trading volume spiked 162%. XDB/USDT 4-hour chart. Source: TradingViewXDB’s momentum was sparked by the signing of well-known footballer David Beckham as the global ambassador for DigitalBits to help spread awareness of the project around the world. Related: President Biden announces former Ripple adviser as pick for Fed vice chair for supervisionAirswap launches on AvalancheThe Airswap protocol is a developer-focused decentralized autonomous organization (DAO) that specializes in the creation of decentralized trading systems. VORTECS™ data from Cointelegraph Markets Pro began to detect a bullish outlook for AST on April 12, prior to the recent price rise. VORTECS™ Score (green) vs. AST price. Source: Cointelegraph Markets ProAs shown in the chart above, the VORTECS™ Score for AST hit a high of 76 on April 12, around 60 hours before the price increased 24% over the next day. The price reversal for AST follows the March 30 launch of AirSwap v3 and the protocol’s April 15 integration with the Avalanche network, which offers AirSwap users lower transaction fees when performing token swaps. The overall cryptocurrency market cap currently stands at $1.877 trillion and Bitcoin’s dominance rate is 40.9%.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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Here’s why Chiliz (CHZ) multi-team NFL partnership and Web3 expansion plan could be bullish

One of the biggest challenges cryptocurrency projects face is finding the right type of real-world integration and a use case that can spark a new waves of adoption.Integrating blockchain and cryptocurrency with professional sports has been the expected “next wave” for some time and Chiliz (CHZ), a protocol focused on creating a fan engagement platform for various sports leagues, made headlines for its new developments this week.Data from Cointelegraph Markets Pro and TradingView shows that the price of CHZ has increased 69% from its 2022 low of $0.144 to hit a daily high of $0.256 on April 13.CHZ/USDT 1-day chart. Source: TradingViewCHZ price has been building momentum and a new partnership between the Socios.com fan engagement platform and thirteen National Football League (NFL) teams, plus the success of the platform’s European Football team tokens appear to be adding to the bullish sentiment. The project also plans to host its public testnet launch of Chiliz Chain 2.0.New NFL partnerships could spark growthThe most recent development to spark a price rally in CHZ was the April 13 announcement that the network’s Socios.com sports fan engagement platform signed multi-year marketing agreements with 13 NFL teams. 13 in one day.Take a bow, @SociosUSA — Socios.com (@socios) April 13, 2022This agreement marks a significant escalation in the project’s presence in American sports leagues and the NFL in particular because it had previously only been working with the New England Patriots. Success of the European football team tokensAnother reason for the building momentum for Chiliz has been the success of the fan tokens, which were created for a handful of European football teams. With football being the most popular sport in Europe, Socios has focused on forming partnerships with some of the most popular teams, leagues and players to help expand its presence and attract new users. Most recently, the platform signed a marketing partnership with Lionel Messi, making the star forward the first global ambassador for the platform. Lionel Messi and Fan Token creators @socios have joined forces, uniting to build a more inclusive, exciting and rewarding future for fans across the world. @alex_dreyfus https://t.co/2d87cwBUJW pic.twitter.com/rp0DBf3bX8— Leo Messi (@WeAreMessi) March 29, 2022

Related: Chiliz launches public testnet for its new layer-1 blockchainLike other mainnet launches, Chiliz Chain 2.0 could be a catalystOn March 31, the “Scoville” public testnet launched a new layer-1 blockchain network called Chiliz Chain 2.0. We’re extremely happy to present to you, the CC2 testnet – Chiliz Scoville Testnet ️https://t.co/Fn3ATVvinm— Chiliz ($CHZ) – Powering Socios.com ⚡ (@Chiliz) March 31, 2022

CC2 is designed to help sports and entertainment brands introduce Web3 capabilities, including the ability to mint NFTs and fan tokens. It will also build out decentralized finance (DeFi) products and play-to-earn games, create events, and host loyalty and merchandising programs.The new chain has adopted a proof-of-stake authority (PoSA) model, which is estimated to be up to 2,000 times more energy-efficient than proof-of-work models and it will be Ethereum Virtual Machine (EVM)-compatible but offer transaction costs that are 200 times cheaper than the Ethereum network. VORTECS™ data from Cointelegraph Markets Pro began to detect a bullish outlook for CHZ on April 12, 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. CHZ price. Source: Cointelegraph Markets ProAs seen in the chart above, the VORTECS™ Score for CHZ climbed into the green zone on April 12 and hit a high of 81 around 16 hours before the NFL partnership was announced and sparked a 17.3% rally. 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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Indicators flash bullish on COTI ahead of its mainnet and Djed stablecoin launch

Development never stops in the fast-paced and competitive crypto sector and COTI is one project that is flashing some bullish signs. VORTECS™ charts from Cointelegraph Markets Pro show that COTI, an enterprise-grade financial technology platform focused on decentralized payments and digitization for any form of currency, could be on the verge of a breakout.The indicator began to detect a bullish outlook for COTI after the metric hit a high of 89 on April 13.VORTECS™ Score (green) vs. COTI price. Source: Cointelegraph Markets ProThree reasons for the improving outlook for COTI include anticipation for the upcoming launch of MultiDAG 2.0, deeper integration with different facets of the Cardano ecosystem and an increase in adoption of the protocol’s Djed stablecoin. Upcoming launch of MultiDAG 2.0One of the biggest upcoming developments for Coti is the protocol’s plan to launch its MultiDAG 2.0 layer which will enable the issuance of new tokens on top of the network’s Trustchain. Launching MultiDAG 2.0 on the COTI mainnet will also enable the creation of a governance token for COTI’s treasury, which will be the first enterprise token and a payment token on top of the COTI Trustchain. The team currently plans to release a FoxNet for MultiDAG 2.0 in April followed by a Testnet toward the end of May. Once the Testnet is launched, COTI plans to define a new token standard and has tentatively set a goal to launch MultiDAG 2.0 on Mainnet in Q3. Cardano ecosystem integrationA second factor helping to attract attention to COTI has been its increasing involvement with the Cardano ecosystem, which has started to see the rollout of its first decentralized applications (DApps) and DeFi protocols. Some of the Cardano-based protocols that COTI has established working relationships with include the Cardano DeFi Alliance, Adaswap, Project Catalyst and NFT-Maker. Related: Stablecoin launch and NFT integration back Coti’s rise to a new all-time highDjed stablecoin adoptionAnother bullish development for COTI has been the adoption of its Djed stablecoin. Stablecoin issuance has been a trending tactic across the cryptocurrency market as it entices investors to shovel more funds into the related ecosystem in exchange for yield.Djed is a crypto-backed algorithmic stablecoin developed by Cardano and COTI that uses smart contracts to maintain a stable price and intended to power the Cardano DeFi ecosystem. Once the project has been fully vetted on Testnet and has completed an external security audit, COTI plans on releasing Djed on its Mainnet by the end of Q2.We are pleased to announce our new partnership with @RevelarEngine, Cardano’s first NFT Gaming platform.The integration of Djed will help bring a stable way to buy & sell NFT game assets to the Revelar’s system.Read more: https://t.co/mOYKwr4bj5$COTI $DJED pic.twitter.com/scZf2fZeNQ— COTI (@COTInetwork) April 11, 2022More than 15 strategic partnerships have been signed with DeFi and NFT protocols in the Cardano ecosystem and there are plans for further expansion. This suggests that Djed will have adequate liquidity and application once it is fully launched and if stablecoin launches from other protocols can be viewed as an indicator of future performance, it’s possible that COTI could benefit from the expected boost in protocol TVL. 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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Kava turns bullish as Ethereum Co-Chain launch initiates push toward EVM compatibility

Protocols in the Cosmos ecosystem have seen a significant amount of growth in 2022 due to the intensifying focus on blockchain interoperability and compatibility with the Ethereum network. One protocol that has seen a buildup in momentum since the middle of March is Kava, a project that is developing a co-chain architecture for the Cosmos and Ethereum network.Data from Cointelegraph Markets Pro and TradingView shows that the price of Kava’s native token KAVA has climbed 72.3% after hitting a low of $2.92 on March 13 to establish a daily high of $5.03 on April 8. KAVA/USDT 1-day chart. Source: TradingViewThree reasons for the increase in price and momentum for KAVA include the Ethereum Co-Chain beta launch, the launch of a $750 million developer incentive program and a series of partnerships and protocol launches that have expanded the size of the Kava ecosystem. Ethereum Co-chain beta launchOne of the most anticipated developments to come out of the Kava ecosystem was the successful completion of the alpha phase of the Ethereum Co-chain launch. Ethereum Co-Chain Alpha was AMAZING!Beta is LIVE & already a powerhouse.Mainnet launches May 10th, 2022! #Kava #EVM pic.twitter.com/tnfyAkeLoN— Kava Network (@kava_platform) April 7, 2022The Ethereum Co-Chain enables support for Ethereum Virtual Machine (EVM) smart contracts while the Cosmos Co-Chain enables support for the Tendermint consensus engine and the Inter Blockchain Communication Protocol (IBC). A translator module connects the co-chains and allows for seamless interoperability between the networks. The mainnet launch of the Ethereum Co-Chain is expected to take place on May 10. Kava launches a $750 million developer incentive programA second reason for the building strength of KAVA was the March 3 launch of Kava Rise, a $750 million developer incentive program designed to help onboard developers from decentralized finance (DeFi), gaming and nonfungible projects into the Kava community. Kava Rise is an on-chain incentive mechanism that will distribute 62.5% of all block rewards to developers who are building on Kava’s Ethereum and Cosmos Co-Chains as part of the protocol’s effort to become a builder-owned network. The remaining 37.5% of block rewards will be distributed to stakers. The incentive program is expected to go live with the Kava 10 upgrade, which will also include the launch of the Cosmos and Ethereum Co-Chains on the Kava mainnet. Related: 3 reasons why Cosmos (ATOM) price is near a new all-time highNew partnerships and protocol launchesA third factor helping to boost the demand for KAVA has been the addition of new partnerships and protocols for the Kava network. Some of the newest protocols to launch on the Kava co-chain architecture include the NFT marketplace OpenBiSea, the decentralized finance launchpad DexPad and the DeFi piggy bank WePiggy. Other recent launches on Kava include the multichain DeFi lending protocol ForTube, the Ruby Protocol that brings the first algorithmic stablecoin to the Kava Ethereum Virtual Machine (EVM) and an Ethereum Co-Chain integration with the Ren protocol. VORTECS™ data from Cointelegraph Markets Pro began to detect a bullish outlook for KAVA on April 1, 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. KAVA price. Source: Cointelegraph Markets ProAs seen in the chart above, the VORTECS™ Score for KAVA began to pick up on April 1, around 94 hours before the price increased 25% over the next three days. 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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