Category Archives: Altcoin
Why did the SEC Sue Binance and Coinbase? – Altcoin Buzz
Act I, the SEC sues Binance and Coinbase to take them off the market. Second act: Citadel, Blackrock, Charles Schwab, and Fidelity file to open a Bitcoin ETF. Act III, these investment groups announce they will open their crypto exchange, EDX.
Lets discover more about what The SEC, BlackRock, and other companies are doing to take the web3 party to their house.
Citadel, Blackrock, Charles Schwab, and Fidelity are renowned investment powerhouses that have firmly established themselves in traditional financial markets. These institutions command significant influence and possess vast resources. It is reasonable to assume that they are keenly aware of the transformative potential of cryptocurrencies and blockchain technology, which have garnered attention worldwide. Especially Bitcoin.
Considering what is happening these days, these investment giants may be eyeing the crypto space to maximize their exposure to Bitcoin. They know that the next Bull Run will be massive in the next Bitcoin halving. So, if they build their own crypto exchange while having other exchanges unable to operate in the US, they could potentially monopolize the market.
For Blackrock and company, it is all profit, since:
Nowadays, there are only 13% of existing Bitcoins in exchanges. Now imagine that in the worst-case scenario, the BlackRock ETF buys the vast majority. Do you think they will be happy with so few Bitcoins knowing that trillions of dollars of investment are coming? They will most likely start issuing ETFs that are not backed with Bitcoin that will float in their wallets.
The greed for money will cause them to do the same thing the United States did when it cut off gold backing for the dollar in 1971 with the Bretton Woods treaty. But in the crypto version. Not to confuse, ETFs will be the fictitious ones, they will not create more bitcoin.
As the world gravitates toward a more digitized economy, the interconnectivity between traditional financial systems and emerging technologies becomes paramount. So, Central Bank Digital Currencies (CBDCs) are being explored and implemented by governments globally. In this context, the introduction of a new cryptocurrency exchange by these investment giants aligns with the ongoing trend toward digital financial infrastructure.
So, If these investment groups successfully establish their own cryptocurrency exchange, along with the potential implementation of the CBDC FEDNow, it is plausible that the future of buying Bitcoin and other cryptocurrencies in the United States could be limited to the wealthiest individuals. Then, the increased regulation and concentration of power in the hands of a few powerful players could inadvertently restrict access for retail investors, stifling innovation and hindering the decentralized ethos that underpins cryptocurrencies.
Thanks to this, what will most likely happen when Bitcoin ETFs work is that Blackrock and the company will start buying Bitcoin en masse through their own exchange. As a result, this will cause the price of Bitcoin to rise exponentially. This can happen during the next year, which is the time for the next Bitcoin Halving.
Finally, the big investors who laughed at Bitcoin in the past years are now doing their best to buy it in large quantities and take advantage of the next bull market.
For this, they are using the SEC to take out recognized exchanges such as Binance and Coinbase in the U.S. and make their own exchange to have the prominence they are used to having in traditional finance.
Note: This is an analysis based on events up to June 22, 2023. I will bring out other articles with updates in the future.
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Why did the SEC Sue Binance and Coinbase? - Altcoin Buzz
Venture Capitalist Accumulates Solana and Cosmos, But It Is This New Altcoin That Is Leading The Market – Crypto Mode
Cryptocurrencies have long been viewed as an exciting new investment opportunity, attracting many venture capitalist firms over the years. VC firms are often attracted to promising startups, and the presence of venture capitalists in a crypto project is often interpreted as a bullish signal.
Solana and Cosmos are two crypto projects currently enjoying backing from venture capitalists. Despite the backing from VCs, these are not the best-performing altcoins, as a new altcoin, Tradecurve (TCRV) has emerged top of the market thanks to support for its revolutionary trading platform.
>>BUY TCRV TOKENS NOW<<
Both Solana (SOL) and Cosmos (ATOM) suffered significant losses last week after the Securities and Exchange Commission (SEC) labeled them unregistered securities in lawsuits filed against Binance and Coinbase. Disregarding the downtrend and potential result of the lawsuit, venture capitalists have remained bullish on Solana and Cosmos.
According to Chris Burniske, a former analyst at ARK Invest and the co-founder of the venture capital firm Placeholder, the recent downtrend of Solana and Cosmos is negligible in the grand scheme of things. Burniske explained that VC firms remain bullish about Solana and Cosmos because they are two projects that speak to venture capitalists the most.
The co-founder of Placeholder also shared a screenshot where some of his colleagues declared they dont care what the SEC thinks about Solana and Cosmos. There is interest in both projects as Solana is touted to become the Apple of crypto while Cosmos could unify the entire blockchain ecosystem. While 2023 may be marked by downtrends for both assets, Chris Burniske says 2024 would be their redemption arc.
Although Solana and Cosmos have attracted attention from venture capitalists, they arent the best-performing cryptocurrencies on the market.
During the market-wide downtrend sparked by the SECs lawsuits, a new altcoin, Tradecurve (TCRV), experienced a 20% price jump, as the token shot up from $0.015 to $0.018. In addition to being the top-performing crypto over the last couple of weeks, experts have predicted even more gains for TCRV in the coming weeks.
The bullish sentiments for TCRV come from the potential of the Tradecurve platform, which is going to be the first DeFi trading platform where users will be given the opportunity to trade options, forex, stocks, and commodities from a single account.
According to the Bank for International Settlements 2022 report, the forex market records a daily turnover of $7.5 trillion while the over-the-counter (OTC) derivatives market is valued at $632 trillion, giving Tradecurve access to two of the worlds biggest markets.
Experts have forecasted that the trading volumes of these markets will provide massive liquidity for its trading platform and benefit its native TCRV token. Early predictions put the price of TCRV between $1 and $1.5 per token when the platform is publicly available.
However, for now, buyers have a chance to buy into the fourth stage of the Tradecurve presale where it sells at $0.018 (already an 80% ROI) per token.
Visit the links below to get more information about Tradecurve and the TCRV token:
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None of the information on this website is investment or financial advice and does not necessarily reflect the views of CryptoMode or the author. CryptoMode is not responsible for any financial losses sustained by acting on information provided on this website by its authors or clients. Always conduct your research before making financial commitments, especially with third-party reviews, presales, and other opportunities.
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Venture Capitalist Accumulates Solana and Cosmos, But It Is This New Altcoin That Is Leading The Market - Crypto Mode
Altcoin Crash Could Be Imminent: Cardano (ADA), Polygon (MATIC), and Chainlink (LINK) In Danger – Coinpedia Fintech News
A cryptocurrency analyst is revising his predictions for Cardano (ADA), Polygon (MATIC), and Chainlink (LINK) in relation to Bitcoin (BTC) as the altcoin market shows signs of vulnerability.
In a recent video update, Nicholas Merten, the host of DataDash warned about the potential for significant corrections of up to 95% in the current market cycle for various altcoins.
He said, We can take it back here, look at a whole range of different plays here in the market, and you will see similar patterns here altcoins typically correct. Even Ethereum in the last bear market in 2018 corrected over 95% from all-time highs. So dont doubt that history could repeat itself.
Merten issued a warning about a potential 50% decrease on the ADA/BTC chart. Currently priced at approximately 0.00001000 BTC ($0.259), Merten suggests that ADA could drop to around 0.00000450 BTC ($0.12). He suggests considering whether ADA can sustain its trend of higher lows against Bitcoin. If not, he predicts a decline to the range of 500 Satoshis to 450 Satoshis, representing a decrease of over 50% from the current level.
Moving on to Polygon (MATIC), Merten expresses a more cautious view, stating that it could experience a decline of up to 90% against Bitcoin from its all-time highs. He highlights the significance of liquidity and suggests that a lack thereof could lead to a correction of around 70% to 78% down to approximately 1,450 Sats. He further mentions the possibility of MATIC falling towards 1,000 Sats, entering the territory of a traditional corrective decline ranging from 85% to 90%.
Also Read: Altcoin Crash Might Get Worse: Analyst Predicts More Bloodbath in Crypto Market
Lastly, Merten turns his attention to Chainlink, a decentralized oracle service. He points out that Chainlink has been underperforming Bitcoin since August 2020 and warns of a potential 90% decline from its peak against Bitcoin if it continues to trend downwards. He specifically mentions the possibility of Chainlink dropping to 1,700 Sats, representing a substantial decline from its previous peak.
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Altcoin Crash Could Be Imminent: Cardano (ADA), Polygon (MATIC), and Chainlink (LINK) In Danger - Coinpedia Fintech News
The Altcoin Season Is Heating Up With Caged Beasts, Binance Coin … – Tekedia
In the dynamic world of cryptocurrency, altcoin season often captivates crypto traders with its exhilarating price surges and captivating headlines. Among the multitude of alternatives available, two prominent names that stand out are BNB and XRP. However, a rising star named Caged Beasts (BEASTS) has recently taken center stage, overshadowing industry giants and gaining popularity. This comparative study will delve into these altcoins unique features and offerings, explaining why they have become enticing investment opportunities in the highly competitive crypto market.
Binance Coin (BNB) is an operational token that operates within the Binance ecosystem.
It offers many use cases, making it a highly sought-after asset for crypto enthusiasts. BNBs primary purpose lies in providing its holders with discounted trading fees on the Binance platform, resulting in significant cost savings.
Furthermore, BNB offers seamless participation in token sales, acts as a means for paying transaction fees, and enables engagement with various decentralized finance (DeFi) projects.
XRP, the native cryptocurrency of the Ripple network, aims to revolutionize cross-border payments. By leveraging its cutting-edge technology, XRP enables near-instantaneous settlement and reduced transaction fees, disrupting traditional remittance systems.
Amidst the altcoin frenzy, Caged Beasts (BEASTS) has emerged as a captivating project that captivates the attention of crypto enthusiasts. It introduces a unique collection of digital assets called beasts, with utility and engagement features within its ecosystem.
BNB and XRP have established themselves as critical participants with different value propositions in the highly competitive cryptocurrency industry. The utility token status of BNB, as well as its broad use cases and relationship with Binance, have accelerated its acceptance and liquidity. XRP, on the other hand, is an attractive alternative for companies looking for efficient global payment solutions because of its focus on revolutionizing cross-border payments, technological expertise, and strategic collaborations.
Caged Beasts (BEASTS) emerges as an emerging contender among these business titans, creating a unique and exciting habitat. Caged Beasts wants to attract the attention of crypto fans looking for new investment options with its intriguing digital assets, robust community involvement, and decentralized blockchain platform.
As the cryptocurrency season progresses, the market anticipates additional advances and innovations from these notable cryptocurrencies, each blazing its trail to success.
Caged Beasts
Website: https://cagedbeasts.com
Twitter: https://twitter.com/CAGED_BEASTS
Telegram: https://t.me/CAGEDBEASTS
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The Altcoin Season Is Heating Up With Caged Beasts, Binance Coin ... - Tekedia
How Many ETH to Become a Millionaire by 2025 – Altcoin Buzz
The bull market is around the corner. This means theres a chance to be a millionaire if you hold the right token. Very few tokens qualify as right as much as Ethereum.So ETH is one of your best chances to be a millionaire.
But how much ETH do you need to achieve this? Thats what we want to show you.
Before I come to an exact number of ETH you need to become a millionaire, you and I need to understand where Ethereum could go from here. But we first need to understand where its been. Most of us are not whales holding hundreds of thousands of ETH. So this means we will need to see a big price move to become an Ethereum millionaire.
But it could happen. Ethereum isnt a stranger in the crypto community. It is currently ranked #2 by market cap, just behind Bitcoin.
So, the current ETH price is $1,810.11. It has a circulating supply of 120,206.250. Ethereum has a market cap of $217,555,405,540. This means it makes up a significant portion of the $1 trillion crypto sector as a whole.
Ethereum is your best bet in crypto, right after Bitcoin. Its all-time high was $4,815.00 on November 9, 2021. ETH took a hit from the bear market, like everything else. But, it still has a promising future. Ethereum is arguably the altcoin with the biggest potential.Ethereum has several factors that guarantee its long-term success.
Also, Ethereum is the first smart contract platform. Smart contracts are the pillar behind the rise of decentralized finance (DeFi). So, Ethereum is home to some of the best DeFi projects.
Ethereum is the most widely used platform for NFT marketplaces. I agree that NFTs popularity has gone down. But if it were to pick up, Ethereum would have a leading position.
Ethereum is arguably one of the most popular blockchains for metaverse projects. Top metaverse projects like The Sandbox and Decentraland are built on Ethereums blockchain.
Ethereum hosts several other cryptocurrencies on its network. Projects like Polygon and Shiba Inu rely on Ethereum. So, Ethereum has all it takes to succeed and exceed its past glory. Do you think Ethereum can hit a new all-time high? Let us know in the comments below.
We asked our Technical Analysis team to look at Ethereum. And heres what they had to say:
ETH is currently trading at a crucial support zone. Failure to hold this support at $1673 could lead to a drop towards $1478, $1194, and $1081, which seems more likely. If ETH manages to stay above $1673, we could start seeing a continuation of bullish momentum towards $2133, $2684, and $3561, which is a less likely scenario.
So can ETH hit a new ATH? I definitely think it can in the next bull run.ETHs lowest point before the start of the last bull market was 89.66 on March 9, 2020. But it picked up in the 2021 bull market and hit an ATH of $4,815.00 on November 9, 2021. Thats about 54.01X.
Ethereum has an even more developed ecosystem now than it did then. There have also been a lot of updates and upgrades, such as
Weve seen how crazy ETH gets in previous bull runs. I doubt if anything is going to change that in the next bull run.
So youve seen our bull arguments based on:
So how much ETH do you need to be a millionaire? We see ETH surpassing its ATH in the next bull run. Our analysis places it somewhere around $6000. If thats the case, youll need about 166.67 ETH tokens to be a millionaire.
Ethereum could definitely go above $6k in the next bull run. But I think thats a more comfortable probability. For 2023, Ill place Ethereums near-term high at $2,100. Whats your take on all of these? Let us know in the comment section below.
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How Many ETH to Become a Millionaire by 2025 - Altcoin Buzz
The Latest Updates of The SEC – Ripple Lawsuit (June 2023) – Altcoin Buzz
Since The SEC Ripple lawsuit began in December 2020, there have been several updates. A few months ago we wrote an article about this.
So, now well cover the latest 3 updates of this important lawsuit for the crypto industry.
In a significant turn of events, the SEC filed a motion demanding access to Ripples legal advice concerning XRPs regulatory status. The SEC argued that this information was crucial to demonstrate Ripples awareness of the alleged violations. Ripple countered this motion, contending that attorney-client privilege protected the requested information from disclosure.
The outcome of this motion could have profound implications for the case. If the court rules in favor of the SEC, Ripples internal communications with its legal counsel might be exposed. Potentially strengthening the SECs claims against the company. On the other hand, if the court upholds Ripples argument, it could limit the SECs ability to obtain critical evidence, potentially weakening its case.
In a strategic move, Ripple filed a motion to compel the SEC to produce internal documents related to the SECs stance on the classification of cryptocurrencies, including Bitcoin and Ethereum. Ripple argued that the requested documents were essential to establish inconsistencies in the SECs regulatory approach and would demonstrate selective enforcement against XRP.
Ripple contended that the SECs failure to provide these documents hindered Ripples ability to mount a strong defense and violated its due process rights. By seeking access to the SECs internal communications, Ripple aimed to expose any potential biases or double standards in the SECs treatment of different cryptocurrencies.
If Ripples motion is granted, it could potentially shift the narrative of the case. The requested documents could reveal important information regarding the SECs decision-making process and its view of the broader cryptocurrency market. This, in turn, may challenge the SECs claims against Ripple and raise questions about the consistency of regulatory actions in the crypto space.
In a bold move, Ripple filed a motion seeking the dismissal of the SECs lawsuit in its entirety. Ripple argued that the SECs allegations were unfounded, as XRP should not be classified as a security but rather as a digital currency. The motion emphasized that XRPs utility and functionality as a medium of exchange, along with its decentralized nature, differentiated it from traditional securities.
Ripples motion to dismiss focused on challenging the SECs jurisdiction and claimed that the SEC had failed to provide adequate notice regarding XRPs status as a security. Ripple further contended that the SECs actions had caused significant harm to XRP holders and stifled innovation within the cryptocurrency industry.
The courts ruling on Ripples motion to dismiss will be a pivotal moment in the lawsuit. If the motion is granted, it could result in a significant setback for the SEC, potentially leading to the dismissal of the case altogether. Conversely, if the motion is denied, Ripple will continue to face legal proceedings, and the SECs claims against the company will remain intact.
The SEC-Ripple lawsuit has attracted widespread attention due to its potential impact on the cryptocurrency industry. Also, the regulatory landscape surrounding digital assets. As the legal battle unfolds, the recent developments surrounding Ripples legal advice. So, Ripples request for internal documents from the SEC. And Ripples motion to dismiss the lawsuit has set the stage for a critical juncture in the case.
While the SEC has taken a firm stance against Ripple, alleging that the company conducted an unregistered securities offering. Ripple has consistently maintained its innocence, arguing that XRP is a decentralized digital currency rather than a security. The resolution of this lawsuit will have consequences beyond Ripple. This influence how other cryptocurrencies are regulated and provide clarity to market participants.
As the legal battle progresses, industry stakeholders, investors, and enthusiasts eagerly await further developments. The motions filed by both parties and the courts subsequent rulings will shape the narrative of the case. Potentially altering the perception of regulatory authority in the crypto sphere.
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The Latest Updates of The SEC - Ripple Lawsuit (June 2023) - Altcoin Buzz
Beginners Guide About COTI Part 2 – Reviews – Altcoin Buzz
COTI is an advanced payments project in the crypto space. Its got strong technology behind it. This includes its Proof-of-Trust (PoT) consensus and its Trustchain Directed Acyclic Graph (DAG). With these, it hopes to create the worlds leading digital infrastructure for payments and enterprise tokens.
And with its recent $gCOTI airdrop, the project is gaining attention. Thus, weve come up with a two-part beginners guide to COTI for you!
Now, if you havent checked out the first part of this guide. In this second part, well explore the wallets that you can use to store $COTI tokens. Lastly, well end off with a quick run-through on how to convert $COTI to USD fiat.
Alright! So youre sold on the $COTI tokens potential. Youve got yourself a small bag from a Centralized Exchange (CEX). Now what? At Altcoin Buzz, we always advocate the importance of securing your assets. To do this, youve got to:
Seems pretty simple, isnt it? You just need to get your $COTI off the CEX, and into your wallet. But this raises another question. Which are the best $COTI wallets to use?
To answer your question, it depends on which network youre using to store your $COTI. Nevertheless, weve got three recommendations below. Let us bring you through them.
Source: Twitter
In a nutshell, $COTI is a pretty popular crypto. With a market cap of #367, many wallets would support it. However, weve picked out three of them, each of which caters to different needs. With the above, were confident that you can pick one suitable for you.
Lets say youve made a solid trade on $COTI. You would like to cash out to USD fiat to lock in those juicy gains. To do this, there are a few methods. All of which would involve a CEX. So naturally, youll need to deposit your tokens into your CEX of choice first. Lets explore 2 of them below:
Well, thats pretty much it! Weve gone through together the basics and fundamentals of the COTI project and its native $COTI token. We hope that youve taken away a good deal of knowledge on this project. Needless to say, COTI will be growing its technology, business, and community. So, itll be smart to follow its Twitter here for frequent updates.
At the time of writing, the $COTI token price is $0.047. Its market cap ranks at #366, and its total supply of tokens is 2 billion. Out of these, 1.2 billion $COTI tokens circulate.
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Beginners Guide About COTI Part 2 - Reviews - Altcoin Buzz
SOL, ADA, and MATIC push back against the SEC, this new Altcoin … – Cyprus Mail
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SOL, ADA, and MATIC push back against the SEC, this new Altcoin ... - Cyprus Mail
Best 7 Arbitrum Projects – Altcoin Buzz
User numbers, transactions, and revenue increase, and numerous projects are experiencing explosive growth in Arbitrum.
Considering the competition in L2 chains, Arbitrum is developing a robust ecosystem. Here are some differences:
Arbiturms wide EVM compatibility, including Solidity and Vyper, makes it one of the most promising EVM-compatible rollups. Moreover, it has already partnered with a vast range of Ethereum decentralized applications (dApps) and infrastructure projects. It includes Uniswap, Sushi, DODO, and dozens of others.
Now, lets examine some of the best projects on the Arbitrum platform, how they work and where the Arbitrum ecosystem is headed next.
With its zero price impact trades, limit orders, low swap fees, and safe positions from liquidations,GMX has become the leading perpetual exchange in DeFi. It is attracting a significant number of active users and building strong partnerships in the cryptocurrency space.
The DEX provides traders with features such as spot swaps and perpetual up to 50x leverage. It is the largest protocol on the Arbitrum network with a TVL of around $500 million:
The GMX token serves as both a utility and governance token that allows holders to participate in voting on proposals and can easily be traded on exchanges like Binance, KuCoin, and OKX.
So, GMX has a favorable position to expand with more liquidity entering Arbitrum due to its dual exchange model and community-built tools. This also acts as an LPers playground.
Radiant is a cross-chain DeFi platform that allows users to deposit any major asset on any major chain and borrow supported assets across multiple chains. The mission is to consolidate liquidity across top Layer 1 and Layer 2 protocols.
Source: Radiant
So, lenders can earn value through the native token $RDNT, and borrowers can withdraw against collateralized funds to obtain liquidity without selling their assets. The Radiant DAOs primary goal is to consolidate the ~$22 billion of fragmented liquidity currently dispersed across the top ten alternative layers.
Gains Network is a decentralized trading platform on Arbitrum that allows trading of various assets with high leverages of up to 150x on cryptos, 1000x on forex, 100x on stocks, 35x on indices, and 250x on commodities. It has grown to over 100,000 users with $29 billion in volume traded since inception. These are its features:
Treasure is a decentralized NFT ecosystem built for metaverse projects on the Arbitrum network. Its NFT marketplace, Trove, has driven over $250M+ in total market volume to date. The native utility token of the Treasure NFT marketplace is $MAGIC, which is used for mining, quests, and transactions within the Bridgeworld Metaverse. It will also serve as the bridge currency for future projects within the ecosystem.
It supports the universal usage of digital assets across multiple gaming ecosystems. Developers can create personas, currencies, assets, brands, and even storylines that cross over virtual worlds.
USDs is a Stablecoin that generates auto-yield natively and was deployed on Arbitrum. Its the largest Layer-2 Ecosystem of Ethereum. It has achieved $20M TVL in the first 2 months since launch.
SPA is the governance and value accrual token of the Sperax ecosystem. SPA holders can stake SPA tokens to receive veSPA.
This platform is a decentralized exchange (DEX) built on the Arbitrum blockchain. It offers an automated market-maker (AMM) and low fees for swapping crypto assets. Also, It provides rewards for staking and yield farming on the entire Arbitrum network, with all major changes decided via governance voting.
Further, the platform has undergone a thorough security audit and is incubated by Solidproof, which provides free audit and KYC processes for new projects.
Jones DAO is a protocol specifically designed to optimize liquidity and yield by offering institutional-level strategies through its vaults. By using yield-bearing tokens, each strategy not only improves liquidity and efficiency but also unlocks capital for DeFi. This vital feature differentiates Jones DAO from other protocols and can generate lucrative returns for its users.
The protocol caters to three distinct groups:
Arbitrum is a top-notch Ethereum scaling solution with growing TVL, user adoption, and a diverse ecosystem of dApps. In February 2023, Arbitrum surpassed Ethereum in daily transaction volume for the first time in history. This remarkable achievement serves as a testament to Arbitrums surging popularity within the crypto community.
Its success depends on maintaining innovation and user adoption. If it does, it could be a crucial component of the cryptocurrency, serving as a backbone for current and future projects in DeFi, NFTs, and the creator economy, thus advancing the Ethereum ecosystem as a whole.
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Best 7 Arbitrum Projects - Altcoin Buzz
Injective’s Latest Updates – Altcoin Buzz
Injective (INJ) is a decentralized exchange protocol built on Ethereum. Cosmos SDK blockchain that enables users to trade a wide range of assets, including derivatives, futures, and synthetic assets.
Lets discover Injectives Latest Updates and see how much theyve improved in the latest months.
According to CoinGecko, these are the most important indicators of Injectives tokenomics.
Anything related to the protocol is voted through the DAO, from Auction or Exchange module to protocol parameters or upgrades. So, anyone who deposits 500 INJ can open a proposal which then goes through the voting process. Right now, there are175 proposals passed out of 203 total:
Exchanges who originate orders into the shared orderbook on Injectives exchange protocol are rewarded with 40% of the trading fees, with an average minimum trading fee of 0.1% for makers and 0.2% for takers
And then the rest 60% of the trading fees are burned through the Burn Auction, where bids in INJ are placed.
The highest bid earns assets from transaction fees while INJ tokens used to bid are burned, creating a deflationary pressure to INJ supply.
This makes the basket of fees for the weekly auction keep rising, and more INJ is burned every week.
The number of unique wallets has also increased since the start of 2023, from 14,000 active wallets to currently 28,000, with an average of approximately 100 new wallets created per day.
Price action:
As a result of Injectives price surge, there has been a noticeable increase in both total transactions and active users on the platform, particularly since April.
NFT Integration:
Injective is set to launch an upcoming project called Project X, which is still shrouded in mystery with limited information available. Project X aims to introduce automated strategy vaults for market making and passive yield generation. Plus it will feature a one-click Launchpad for fundraising and listings. Monitoring announcements and updates regarding Project X will provide valuable information about Injectives ongoing development and potential enhancements to its ecosystem.
Injective (INJ) has shown significant price growth and increased transaction activity, suggesting growing interest and adoption. The integration of NFTs and the upcoming Project X further demonstrate Injectives ambition to expand its ecosystem and offer innovative features to its users.
Continuously monitoring Injectives price movement, transaction activity, NFT integration progress, and updates regarding Project X will provide valuable insights for investors, traders, and enthusiasts interested in the platform.
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Injective's Latest Updates - Altcoin Buzz