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Top Cryptos to Invest in 2023 Featuring Bitcoin, Ethereum, and … – Analytics Insight
As the cryptocurrency market gains popularity and attracts investors, its essential to stay informed about the best investment options. This article lists the top 10 cryptocurrencies for 2023, focusing on their growth potential, tokenomics, passive income opportunities, and deflationary mechanisms. By examining these key factors, we aim to provide educated insights for both new and seasoned crypto investors who seek utility and usability in their investment choices.
Bitcoin (BTC), created in 2009 by Satoshi Nakamoto, is the first cryptocurrency that was launched. Operating on a decentralized blockchain network, Bitcoin utilizes a proof-of-work mechanism to verify transactions and ensure security against fraudsters.
Unlike other cryptocurrencies, Tether (USDT) is a stablecoin that maintains its value by being backed by the US dollar. This stability makes it an attractive option for investors cautious of the volatile nature of other coins. Tether is one of the biggest stablecoins.
Scorpion Casino Token (SCORP) is a presale token that serves as the native token for the Scorpion Casino platform. Its gained recognition for offering notable benefits through its deflationary tokenomics and passive income generation. SCORP provides sustained value to its holders through two primary methods: casino revenues and transaction taxes. By participating in the platform, users have the opportunity to earn a portion of the casinos profits, ensuring a consistent stream of income. Additionally, SCORP implements deflationary measures, gradually reducing token supply over time.
Similar to Tether, USD Coin (USDC) is a stablecoin backed by the US dollar, aiming for a 1:1 ratio. Powered by Ethereum, USDC enables global transactions and provides stability in the cryptocurrency market. With a huge market cap USDC has garnered attention from investors seeking a reliable digital asset.
Ethereum (ETH) stands out as both a cryptocurrency and a blockchain platform with vast potential for developers. Offering smart contract functionality and supporting non-fungible tokens (NFTs), this coin has witnessed substantial growth. ETH currently boasts a market capitalization second only to BTC.
Developed by Ripple, XRP serves as a bridge currency on its network, facilitating the exchange of various currencies, including fiat and cryptocurrencies. Despite facing regulatory challenges, XRP has shown resilience.
Cardano (ADA) distinguishes itself with its early adoption of proof-of-stake validation, reducing transaction time and environmental impact. Similar to Ethereum, Cardano enables smart contracts and decentralized applications powered by its native coin, ADA. Despite its potential, ADAs growth has been moderate compared to other major cryptocurrencies.
Initially conceived as a joke, Dogecoin gained significant traction due to its dedicated community and viral memes. However, its unlimited supply poses a risk of devaluation. However, the price of Dogecoin recently reached $0.069, showcasing its enduring popularity in the market.
Litecoin (LTC) offers fast and low-cost transactions, leveraging blockchain technology. With a block time of just two and a half minutes and minimal transaction fees, Litecoin provides an efficient payment solution. Its value has steadily risen as it nears its anticipated halving event!
Designed to support decentralized finance (DeFi) applications and smart contracts, Solana utilizes a unique hybrid proof-of-stake and proof-of-history mechanism. This enables rapid and secure transaction processing. SOL, the native token of Solana, powers the platform.
In a world where the cryptocurrency market is buzzing with excitement and attracting investors left and right, its crucial to keep yourself in the know. From the OG Bitcoin to the mighty Ethereum, stablecoin favorites like Tether and USD Coin, and even the surprising rise of meme-inspired Dogecoin, these digital assets offer a range of possibilities. So, whether youre a seasoned investor or a newbie looking to dive into the crypto world, these gems are worth exploring!
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Top Cryptos to Invest in 2023 Featuring Bitcoin, Ethereum, and ... - Analytics Insight
XRP Spikes Above Ethereum In Daily Transactions – The Crypto Basic
XRP shows strength, surpassing two of the worlds leading cryptocurrencies in daily transactions.
Over the past few weeks, XRP has gained significant traction, surpassing top cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) in daily recorded transactions.
Data from BitInfoCharts, a prominent crypto analytical site, has placed XRP ahead of Bitcoin and Ethereum in daily transactions since August 1.
As of Tuesday, August 15, the data showed that the XRP Ledger had recorded nearly 1.2 million daily transactions. Ethereum registered 1.05 million, and Bitcoin just over 582,000 daily transactions, respectively.
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XRP started registering daily transactions above 1M around mid-May. Thus far, the highest recorded XRP day-to-day transactions happened between May 28 and June 4, when the token recorded more than 1.65 million transactions.
XRPs recent resurgence could be attributed to Ripples court ruling against the United States Securities and Exchange Commission (SEC).
As reported earlier, Judge Torres ruled Ripples programmatic sales of XRP on secondary markets as non-securities, while Ripples XRP constitutional sales were considered securities.
The implications of Judge Torres verdict birthed hope for XRP as the token spiked by more than 90% following the courts verdict.
Following the above ruling, the SEC has filed for an interlocutory appeal to review Judge Torres verdict. The outcome of this appeal could significantly impact the price of XRP and activity on the XRP Ledger.
At the time of writing, CoinGecko data ranks XRP as the fifth largest crypto asset by market cap with $31,539,338,347.
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Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basics opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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Bitcoin on Ethereum Coin BTC20 Price Pumps 600% 48 Hours After … – Cryptonews
Bitcoin on Ethereum Coin BTC20 has seen its price explode 600% 48 hours after launch, with 10x gains imminent. As crypto traders start to pile into the hot coin, it is on course to hit a market cap of $100 million.
The BTC20 stake-to-earn coin mirrors the tokenomics of Bitcoin and is currently priced at $4.06, up more than 300% after listing for $1; the price has already briefly touched $6 for a 600% return, setting a marker for the near-term price target today.
Meanwhile, at the last count, 3,930,621 tokens of the 6,050,000 in circulation have been staked, amounting to 65% of the circulating supply, according to the latest BTC20 website real-time dashboard data.
The remaining tokens of the 21 million total supply are locked for paying out rewards the annual percentage yield is currently 66.97%.
BTC20 simulates the block rewards on Bitcoin from 2011, which stood at 50 BTC per block produced. BTC20 rewards accrue every 10 minutes and can be claimed a minimum of seven days after first staking. Staking began operation last Wednesday at 3pm UTC.
After a lunch day that saw the BTC20 price establish a solid floor at $1, likely due to the stability that its yield-bearing tokenomics provide, it began to gird high yesterday and then exploded in parabolic fashion.
Deep-pocketed whales are entering the market. One such buyer, with a wallet valued at nearly $2 million, has started building a position in BTC20, which is presently a modest sum of $6,049.
Such buyers will no doubt keep entering the market on near-term dips as they look to gains that could reach as high as 100x for a $1 billion market cap.
https://etherscan.io/tx/0xe62dc8d6299d3b41a77cd079c53c8ff99a20d3891af8b1a02ba8859d6e500ec3
Since yesterday (Saturday) afternoon in the European session, BTC20 has been trending in the top 10 on top data and trading sites for decentralized exchanges, DEXTools. In the past hour, it has taken the No.1 spot as FOMO kicks in:
The token holder count has swelled to 3,922, 24-hour trading volume spiked over $3 million, and locked liquidity on Uniswap V2, registering $347k.
On the Uniswap V3 trading pair (BTC20/SDEX), where liquidity providers can command higher fees than the 0.3% on V2, the liquidity pool has reached $369k and 24-hour trading volume $661k.
Impressively 87.89% of the liquidity on Uniswap V2 has been locked, so there are no worries about the project being a rug pull.
On the contrary, BTC20 ($Bitcoin20) is gearing up to be the top Bitcoin derivative coin launch of the year, beating the likes of BTC 2.0 and HPOS10I (which has the BITCOIN ticker on Uniswap).
On the 4-hour price chart, the price trajectory points to a 10x gain by the seventh day of trading, on Wednesday, August 16, which is when the first stakers have the option of unlocking their coins.
Market participants will be watching that key milestone closely to see how token holders behave, given that the majority of the circulating supply is tied up in staking.
However, to realize the full APY return potential requires staking for 12 months. Bearing in mind that many probably opted for staking based on a long-term commitment to the project, it is a fair assessment that many will continue to lock up their coins to earn passive income.
Of course, others will be concerned with capital preservation and want to take some profits on their initial outlay, while leaving a portion of their tokens to continue to earn yield.
Token holders who want to continue staking simply leave their tokens in the staking smart contract, and the smart contract automatically accumulates the rewards until such time as the staking ends.
While some will come off stake entirely, that is likely to be more than balanced by buying demand underpinned by several factors.
Firstly, the attractive APY will bring more buyers to BTC20. If the overall number of stakers/amount staked falls, the APY will rise, enticing more passive income investors to buy and stake the token. Indeed, the team says they are introducing an easy-to-use buy and stake button next week.
Secondly, the biggest advert for a coin is its price history and prospects. On that score, BTC20 will be pulling in more buyers as the coin continues to trend on popular crypto data sites.
Speaking of data sites, BTC20 will soon be listed on top crypto sites Coinmarketcap and CoinGecko. When that happens, hundreds of thousands more market participants will become aware of the coin and start buying and adding it to their watchlists.
A third factor is the prospect of a centralized exchange listing. Although the team says there are no listing plans in the works, at least according to the communications on the Telegram group, that does not stop CEXs from listing the coin off their own back.
Due to the keen competition among CEXs for business, their teams keep a close eye on market developments for hot trending coins pulling in significant trading volume BTC20 is one such coin.
Trading volume on Uniswap is about $4 million in the past 24 hours. Now that the coin is trending as a hot pair on sites such as DEXTools, and will no doubt will soon be listed on CMC and CG, volumes will likely mushroom, and the price resume its parabolic assent as new money floods in.
The larger the trading volume and number of token holders, the more likely top CEXs such as OKX and Binance are to list the coin.
Aside from its robust tokenomics, and the off-chain news flow identified above, there are also the marketing efforts of the BTC20 team to help to pump the price higher.
Crypto analyst Michael Wrubel with 310k YouTube subscribers, has already predicted BTC20 will start minting millionaires it looks like he was on the mark. We should look forward to the folks at BTC20 to begin working with even more prominent influencers in the coming days.
So far, the marketing has been pitch-perfect. BTC20s market positioning as Bitcoin on Ethereum appeals to all those people who missed out on the various bull runs that Bitcoin has been on since its inception, and thats a lot of people.
Token holders can expect a widening digital marketing push in the crypto industry, targeting popular sites such as CMC, DexTools, Dexscreener, and banner ads on popular news websites.
Telegram alpha groups are also beginning to stir, so expect the crypto Twittersphere to explode with mentions of BTC20, further building FOMO around the new coin.
Another coin getting in on the version 2 theme is the XRP20 coin, currently in presale. Although XRP20 is not affiliated with Ripple or XRP, its launch is inspired by those efforts.
Similarly to BTC20, it is also innovating with staking, allowing XRP20 token holders to earn rewards from staking the token. YouTube experts are forecasting 10x returns for early investors in the coin.
It also has a price-supportive deflationary burn mechanism, which will encourage prospective buyers to take a look.
The new coin has raised $2.3 million of its $3.6 million hard-cap target, and the run rate is expected to speed up as investors in the low-cap crypto arena note the success of BTC20 and look for similar possible ten-bagger targets.
BTC20 has plenty more runway ahead for huge gains, but so too could XRP20 and it is still in presale at a lowly price of 0.000092, 30x below XRPs all-time low.
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
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Bitcoin on Ethereum Coin BTC20 Price Pumps 600% 48 Hours After ... - Cryptonews
Ethereum Generative Art Challenger Highlight Takes on Art Blocks – Yahoo Finance
In spite of cryptos enduring winter and the ever-spiraling NFT market, on-chain generative artwork has seen something of a renaissance in the last year. Now, a new platform with a major backer aims to take on the stalwarts of the space.
Led by boutique, curatorial collectives like Art Blocks and globe-trotting experiential collections like Bright Moments, generative art piecesdigital works created by computer code, that are only realized in their final form by a randomized generation that takes place at the time of mintingcontinue to fetch record prices and regale art world elites.
Much of the generative art movements success has thus far stemmed from projects associated with a certain level of curatorial authority and exclusivity. Highlight, a digital art marketplace and artist tool suite debuting today, aims to shift that paradigm.
It claims to be the first-ever open access generative art platform launched on the Ethereum blockchain. The company, which is backed by prominent venture fund Haun Ventures and raised $11 million in 2022 with the broader aim of launching no-tool Web3 tools for creators, says it has created a platform that will do away with many barriers to entry across the generative art ecosystem.
All the tools that exist on Ethereum at this point, they're not open access, Highlight co-founder and CEO Nathaniel Emodi told Decrypt. There are different levels of curation or gatekeeping. To us, that was a screaming opportunity.
Square Alums Raise $11M for Highlight, the 'Fan Club of the Future'
Unlike leading platform Art Blocks, which carefully curates the generative artists it spotlights for its most prominent collectionbut also has secondary categories with less stringent requirementsHighlight will be entirely free to use and list on by any member of the public.
Simon De Mai, an artist who has launched projects on Art Blocks and will also release work via Highlight, toldDecrypt that the upstart's model is a welcome shift from the norm.
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"Releasing a project on Art Blocks today is an exciting but very challenging process, and they are very selective," he said. "New platforms like Highlight offer open access; artists are free to experiment and start their own projects in a more autonomous way and with less financial risk. Im happy to see that this sense of openness is still present today, as it will definitely lead to a richer digital art landscape."
Most leading generative art platforms also charge artists a creator fee. Art Blocks, for example, levies a 10% fee on its artists for primary NFT sales, and a 2.5% fee for secondary sales. Highlight, by contrast, will request no such fee from artists who use its services. Instead, the site will generate revenue from a small fee charged to buyers.
Highlight will also provide users with a suite of tools designed to streamline and simplify the process of creating generative artworks, which can be fairly technical and involved. These tools, said Emodi, will simplify a process that could easily take an artist weeks or months to complete independently and reduce it down to minutes.
In addition to the Ethereum mainnet, Highlight will also support scaling networks that typically enable cheaper transactionssuch as Polygon, Arbitrum, OP Mainnet (or Optimism), Zora Network, and Coinbase's upcoming Base.
Art Blocks NFT Faithful Partied in Marfa as FTX Collapsed
The first project launching on Highlight today is "Sum" by artist Duane King, also creative director for the startup, with the pieces resembling rainbow-colored bullseye targets. But there's more than meets the eye: the colors and characteristics of each generated work are drawn from the minter's Ethereum wallet address string and other on-chain details.
"With 'Sum,' we wanted to flip the idea of scarcity on its head and instead focus on abundance," reads a post by King. "Abundance is a more appropriate representation of the diversity within the blockchain community and more fitting for the medium of long-form generative."
An example of artwork from Holger Lippmann's upcoming collection, "Fractal Tapestries." Image: Holger Lippmann/Highlight
Despite the fact that Highlights raison-dtre appears decidedly populist, the platform is also partnering with a number of established generative artists who will debut new collections on the site this summer. Several of those artists, including De Mai, Melissa Wiederrecht, Emanuele Pasin, and James Merrill, have previously launched projects on Art Blocks.
A number of those artists gave input directly to Highlights team during the platforms construction, regarding what they would want out of a generative art platform crafted to their needs.
Per Emodi, several artists requested a loosening of restrictions around the type of code able to be used in a generative art piece. Highlight obliged; now, artists on the site will be able to experiment with sound, image files, and several other types of media that have not yet found their way into the generative art mainstream.
All of those things are outside of the existing definition of generative art, but it's art that these artists want to create, Emodi said. We think that will push the definition of generative art forward. And thats really healthy.
Editor's note: This article was updated after publication to include comment from artist Simon De Mai.
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Ethereum Generative Art Challenger Highlight Takes on Art Blocks - Yahoo Finance
ETC Price Prediction: Will Ethereum Classic Break Above $20? – The Coin Republic
Ethereum Classic (ETC) is a smart contract network split from Ethereum (ETH) in July 2016. It hosts and supports decentralized applications (DApps). Ethereum Classic wanted to keep the original Ethereum blockchain after a hack stole 3.6 million ETH. Ethereum Classic and Ethereum have different technical goals and paths.
The Ethereum Classic price is currently trading at $18.05, with a decline of 0.04% in the past 24 hours. Ethereum Classic holds a total market cap of $2.56 Billion and ranks 29th in the crypto market.
ETC token has a trading volume of $99.19 Million, with a decline of 27.18% over the past 24 hours. It has over 142.17 Million tokens in circulating supply. The volume-to-market cap ratio of the Ethereum Classic coin is 3.86% indicating low volatility in the market.
Ethereum Classic price analysis reveals that the ETC token surged nearly 180% in July 2022, breaking above the previous swing high. After that, the price declined and went into a correction phase, forming a descending triangle pattern with resistance from an upper trendline and support from a horizontal demand zone.
Recently, the price bounced back from the demand zone with a rise in volume but could not break above the trendline resistance and got detained. Currently, the price is consolidating near the trendline resistance.
Now, If the price can sustain above the trendline resistance, it may result in a trend change from the correction phase to an advancement phase. This may attract buyers and push the price higher.
As per the EMA analysis, the ETC price suffered rejection from the 200 EMA. Currently, the price tried to sustain above 50 EMA but suffered rejection indicating bearish sentiment prevailing in the short term.
At the time of publishing, the RSI value of the ETC token is 44.18, and that of the SMA line is 50.11. RSI has gone flat, showing a neutral bias in the market for now.
MACD lines have made a bearish crossover. Also, Histogram bars are being formed below the mean line with increasing height, indicating a negative sentiment being built in the market for now.
Ethereum Classic price prediction shows that the price has undergone a correction phase after a surge of nearly 180% in July 2022 and formed a descending triangle pattern. Recently, the price hiked nearly 40% after getting support from the demand zone. But could not break above the trendline resistance and is consolidated. Now, if the price can break and sustain above the trendline resistance, then it may surge higher.
The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.
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ETC Price Prediction: Will Ethereum Classic Break Above $20? - The Coin Republic
Ethereum May Commandeer Institutional Support From Bitcoin – Techopedia
In recent years, thecryptocurrencymarket has witnessed increased interest from institutional investors. With a maturing market, increasing institutional infrastructure, andrecognition from financial institutions, the once niche and speculative asset class has gained credibility and attracted serious institutional attention.
However, institutional interest in the crypto market as a whole is still facing significant obstacles. The U.S. Securities and Exchange Commissions (SEC) aggressive stanceon cryptocurrencies is a major concern for family offices, institutions, and wealth managers. Thefear of tighter regulations, and even an outright ban, is deterring many institutional investors from fully embracing the crypto market.
Despite this, theentrance of BlackRock into the cryptocurrency spacehas revitalized investor sentiment. BlackRock, the worlds largest asset manager, has filed an application to launch a spotbitcoin exchange-traded fund (ETF). In just three weeks after this announcement, $470 million flowed back into the market.
Still,concerns around custodyandaccessibilitypersist among institutional investors. Many are uncomfortable with the existing methods for gaining exposure to digital assets, which hinders broader institutional adoption.
The growing interest from institutional players has been driven by several factors. First and foremost,cryptocurrencies have proven to be a potentially incredibly lucrative investmentwith vast room for growth.
Bitcoin(BTC), the most well-known cryptocurrency, has experienced significant price appreciation over the years, making early adopters substantial profits. This has caught the attention of investment managers, who are constantly on the lookout for new opportunities to generate alpha for their clients.
However, therecent collapse of some high-profile crypto firms has rang an alarm bell among institutional investors, once again highlighting potential risks associated with this nascent industry. According to financial services giant Cantor Fitzgeralds Elliot Han, this could actually benefit the crypto market.
Han, who leads the firms crypto and digital assets investment banking efforts, said that those remainingin the crypto space are exploring its various use cases. He noted that there is now more maturity in the market, attributing it to increased regulation and the entrance of more institutional players.
There are a lot of companies here that are looking at it from many different perspectives and angles. Thats what were trying to learn and understand more, is what are these other use cases that arent necessarily obvious.
Han also mentioned that the current focus in the market is ontokenizing real-world assetson ablockchain, which would provide institutions with all kinds of benefits, including vastly easier trading and verifiable ownership for client investments.
While institutional investors are still cautious due to volatility and regulatory uncertainty, Han emphasized that many are still dipping their toes into the crypto market, and this interest is expected to continue.
Bitcoin has seen a sharp spike in institutional interest as of late amid excitement around spot ETF filings. This surge in institutional interest has propelled bitcoin to reach its highest point in a year, surpassing $31,000 to mark a year-to-date high last month.
The excitement follows BlackRocks application to the SEC on June 15 for a bitcoin-based ETF. Shortly after the filing, bitcoins dominance in the overall market capitalization of cryptocurrencies exceeded 50%, a level unseen in more than two years.
The SEC had previously rejected filings for spot bitcoin ETFs due to concerns about fraud and market manipulation. To address these concerns, BlackRock aims to establish a cooperative agreement with Nasdaq, where the fund would be listed.
Furthermore, last month witnessed thelaunch of EDX Markets, a digital asset exchange for accredited investors backed by Fidelity, Charles Schwab, and Citadel Securities. The platform aims to enable trading of bitcoin andethereum (ETH), among other cryptocurrencies, while adopting the best practices of traditional exchanges.
These positive developments have led to institutional capital flowing back into the market. Bitcoin futures contract trading has gained momentum on the Chicago Mercantile Exchange (CME). In the last week of June, nearly $200 million was investedin major Bitcoin investment products, according to data from CoinShares.
In contrast, retail investors have displayed limited enthusiasm toward Bitcoin this year. The number of active addresses on the Bitcoin network has remained relatively stagnant since late 2021, and the creation of new addresses has significantly declined.
Bitcoin Maximalists (also known as Bitcoin Maxis) is dedicated to 1 and only 1 cryptocurrency: bitcoin. They have long awaited a flood of institutional interest that would drive up prices and solidify bitcoins position as the leading cryptocurrency. However, a recent survey by CoinShareshas revealed that while asset managers believe bitcoin hasthe most compelling growth outlook, they currently hold more ethereum in their portfolios.
The survey involved 51 investors with a total of $900 billion in assets under management. Of those surveyed, 43% stated that bitcoins potential for upside growth exceeded that of ethereum. Just under 40% responded that ETH has the most upside potential.
The survey also highlighted some concerning trends. According to CoinShares figures, digital assets weighting within portfolios has experienced a significant contraction, decreasing from 1.8% in April to only 0.7% by the end of June. Moreover, the first half of 2023 saw $400 million in outflows from the crypto market.
Furthermore, the survey revealed a potential willingness among asset managers toinvest in altcoins, with 10% exploring cryptocurrencies with a smaller market capitalization. polkadot(DOT),cardano (ADA), and ripple (XRP) were identified as the preferred altcoins.
On a positive note, the survey revealed that reputational damage is no longer a significant barrier for institutional investors. Despite recent high-profile failures like those of FTX and Three Arrows Capital, investors are still willing to explore digital assets. Abanking crisis and the desire for portfolio diversification are likely driving this interest in part.
It is worth noting that the geographic distribution of survey respondents raises questions about the global sentiment toward cryptocurrencies. The majority of respondents came from Europe and the Middle East, with only about 25% from North America and approximately 5% from Asia.
This suggests that the survey may not accurately reflect sentiment within the United States, which has historically been a key driver of institutional interest in cryptocurrencies.
All in all, the CoinShares survey indicates a dynamic and evolvingdigital asset market. While BTC continues to be seen as having the greatest growth potential, the fact that asset managers hold more ETH suggests a potential shift in institutional interest.
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Ethereum May Commandeer Institutional Support From Bitcoin - Techopedia
Solana Gaming Ecosystem Expands After Aurory Integration to … – cryptonewsbytes.com
Gaming franchise Aurory recently announced their move to the Ethereum network via Arbitrum. Arbitrum is an Ethereum layer 2 network claiming to support Aurorys visions. Solana-based Aurory says the new move to Arbitrum is because they want to make their project more accessible.
Our vision of a cross-platform future for Aurory is one that is rooted in the idea that players should be able to easily discover Aurory, with minimal friction. Ultimately it is this approach which we believe will allow us to reach millions of users around the world, Aurory said in their Substack announcement.
The new move from Aurory to Arbitrum is mainly because they want to connect to more communities. Each blockchain has its own communities. For instance, Solana has people who support the network objectives. In the same way, other blockchain networks have these communities.
So Aurory is trying to reach other communities on different blockchains. When they connect to these communities, it will help improve their brand and user base. Solana created a technology called SyncSpace to help them connect to as many blockchains as possible.
Aurory
Aurory says their new move doesnt mean they are leaving Solana. In fact, it is an expansion for their project and the Solana network. Aurory wants to tap into new communities existing in other blockchain networks.
So they are doing this by joining the Arbitrum network. In the same way, Solana remains the parent blockchain network of the project. With this new expansion, users from other networks can interact with Solana via Aurory technologies. In fact, Aurory says they plan to expand to more blockchain networks as time goes on.
To interact with multiple blockchain networks at the same time, Aurory came up with a new technology. Named SyncSpace, it is a native infrastructure that enables Aurory users to move between several blockchains.
SyncSpace technology lets users move their assets from Solana to Arbitrum and vice versa. According to experts, this recent development is particularly good for Solana. This is because transferring digital assets to Solana increases blockchain activity on the platform. In the same way, transaction volume rises in the crypto network.
Many things will change once Aurory expands to the Arbitrum network. Furthermore, Solana pre-informed users of what they expect from the recent development. As mentioned, SyncSpace technology will play a significant role in interactions within the Aurory network.
The new means Nefties have to use SyncSpace to make interactions on the platform. Also, any offer involving the native token $AURY must be in the SyncSpace. Apparently, the major change in the platform is that many of the activities will happen in SyncSpace. This includes listing items on the marketplace and hatching Neftie eggs.
In conclusion, the new move by Solana-based Aurory will benefit the project and the Solana blockchain. The new expansion will allow Aurory to seek more communities in other blockchains. On the other hand, it will help increase traffic and transaction volume on the Solana network.
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Bitcoin Cash and Ethereum Classic losing to Tradecurve in 2023 – crypto.news
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In the constantly changing world of cryptocurrency, investors prioritize the durability of crypto projects over immediate profits. For this reason, theTradecurve (TCRV)presale is oversubscribed.
Meanwhile, Bitcoin Cash (BCH) and Ethereum Classic (ETC) holders are gradually shedding their holdings as prices struggle to shake off sellers.
According to market experts, TCRV is predicted to emerge as one of the top cryptocurrencies, posing a challenge to Bitcoin and Ethereum.
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Although Bitcoin Cash soared in May, bulls didnt push through.
From price charts, BCH remains steady, finding support following the launch of the CashTokens feature.
Because of the rising popularity of Bitcoins BRC-20, Bitcoin Cash released the CashTokens feature for developers to issue tokens.
However, without a strong foundation and concrete use case, Bitcoin Cashs CashTokens have fallen short of expectations.
For this reason, Bitcoin Cash prices are steady yet weak, dropping 5% in the past month as the coin trades at $110.95.
Although Ethereum Classic was meant to address the shortcomings of Ethereum, like high transaction fees and scalability, the network is struggling.
Since Ethereum introduced the Shanghai Upgrade and other scalability solutions, Ethereum Classics competitive advantage has diminished.
Subsequently, there has been a sharp drop in market popularity and demand for Ethereum Classic. Moreover, experts believe that a lack of upgrades has made the Ethereum Classic network less attractive to developers.
Development activity on the Ethereum Classic network has declined by 55% in the past month, negatively impacting ETC prices. The coin has fallen 9% in the past month, forcing prices to $17.44.
Tradecurveis a decentralized platform that supports crypto, over-the-counter (OTC) derivatives, indices, and equities trading without fiat payments.
According to a report, the total value of the global crypto market was about $1 trillion in 2020. It is expected to grow to more than $5.1 trillion by 2026, with a CAGR of 30%.
Hence, the demand for decentralized exchanges like Tradecurve is bound to shoot up.
The platform also respects users privacy. Therefore, it has not established any know-your-customer (KYC) verification procedure.
On the contrary, centralized crypto exchanges like Kraken and KuCoin ask users to submit their personal information before executing trades.
Besides, the exchange supports negative balance protection, high-leverage trading, and transparent pricing. Trading fees on Tradecurve are also among the lowest.
The platform also uses artificial intelligence and algorithms to enhance traders experience.
The Ethereum-based tokens will power the ecosystem. Using TCRV, the exchanges native currency, users can upgrade their accounts to VIP statuses.
Currently, TCRV is available for $0.025 but is expected to increase throughout the presale phase.
For more information about the Tradecurve (TCRV) presale:
Website:https://tradecurve.io/
Buy presale:https://app.tradecurve.io/sign-up
Twitter:https://twitter.com/Tradecurveapp
Telegram:https://t.me/tradecurve_official
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Ethereum (ETH) And Uniswap (UNI) Trade Under Caution While … – BeInCrypto
The presale of Tradecurve (TCRV) has captured all the market attention within a few weeks of its launch. Even biggies like Ethereum (ETH) and Uniswap (UNI) lack this kind of market acceptance. Its revolutionary features and enormous growth prospects have made it a favored investment option.
The market volatility is growing, and Ethereum (ETH) has faced resistance too. Although the Shapella upgrade has enhanced the Ethereum network, users interest in it is still falling.
As per the latest on-chain data, the daily active users count of Ethereum has suffered a quarterly decline of 4%. Moreover, the average daily transactions on the Ethereum network have plummeted by 1% during the same period. These bearish numbers have prompted Ethereum investors to stay cautious despite ETH registering a price increment.
The market value of Ethereum has increased by 8% in the past month. Consequently, Ethereum is changing hands at $2,006.36.
The Uniswap (UNI) community is excited because of the potential of the EIP-1153 inclusion. As per the official announcement, Uniswap is looking to integrate the new EIP-1153 within its upcoming Version 4.
The proposal will bring several features to the Uniswap network. However, its impact on gas efficiency is the most notable one. Reportedly, EIP-1153 aims to reduce the gas fees on the Uniswap V4 by 99%. Meanwhile, Uniswap has also taken measures to expand its ecosystem.
Recently, Uniswap announced going live on the Avalanche network. Thus, Uniswap users can trade NFTs and cryptocurrencies on several networks. Currently, Uniswap trades at $5.97.
>>Tradecurve Presale<<
Centralized exchanges were already losing their market trust after the FTX exchange fiasco. Now, the regulatory actions against Binance and Coinbase have worsened the situation. Traders have started shifting toward decentralized exchanges.
Subsequently, decentralized trading platforms have risen by more than 33%, while centralized exchanges have grown by a mere 16% in recent months. The new trading platform, Tradecurve, is leading the decentralized exchange sector.
This revolutionary Web3 exchange permits the trading of several derivatives, like cryptocurrencies, Futures, forex, bonds, and more, with a single account. It has potential to be the worlds leading permissionless and borderless platform, which allows everyone to trade without going through any KYC verification procedure.
This privacy assurance is missing from other trading platforms like ByBit and Bakkt, which mandate KYC checks.
Additionally, this novel exchange functions on a proof-of-reserves mechanism along with 2FA security. It offers negative balance protection and a VIP account service. The platform is powered by its native crypto, TCRV, which has been developed on the Ethereum blockchain.
Its holders will receive discounts on trading fees, deposit bonuses, and staking rewards.
At present, people can buy a presale TCRV token at $0.018. The platforms presale is currently in stage 4, and its price will surge to $0.025 in the next stage. Just 40% of TCRV tokens will be available during the presale, and the team tokens will remain locked for 2 years.
To find more information about Tradecurve and the TCRV token, visit the links below:
Website | Presale | Twitter | Telegram
This article is sponsored content and does not represent the views or opinions of BeInCrypto. While we adhere to the Trust Project guidelines for unbiased and transparent reporting, this content is created by a third party and is intended for promotional purposes. Readers are advised to verify information independently and consult with a professional before making decisions based on this sponsored content.
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Ethereum (ETH) And Uniswap (UNI) Trade Under Caution While ... - BeInCrypto
Ethereum Conference Reflects Bullish Sentiment Amidst Market … – Fagen wasanni
The recent EthCC (Ethereum Community Conference) held in Paris saw a significant increase in attendance, with more than twice the number of attendees compared to the previous year. The optimistic atmosphere at the conference has led many to speculate whether the worst of the bear market is behind us.
The sunny weather and positive sentiment brought about by Ripples recent legal victory against the SEC contributed to the overall enthusiasm. This victory had a ripple effect on altcoins, including Ethereums native token, ether. Additionally, there have been recent announcements about applications for bitcoin exchange-traded funds (ETFs) from prominent asset managers, which further bolstered confidence in the digital asset sector.
Artificial intelligence (AI) was another prominent topic at the conference, with various talks and side events dedicated to exploring its potential. Despite differing opinions on how AI should intersect with the blockchain industry, most investors and founders expressed bullishness about the integration of these two fields.
Some believe that AI can be immediately applied to crypto markets and communities, improving productivity and increasing the value of funds managed by crypto firms. Others, such as Upshot, focus on using AI to price non-fungible tokens (NFTs) and see it as a crucial component in bringing trillions of dollars of assets into the decentralized Web 3 ecosystem.
Another area of interest is the use of zero-knowledge proofs (ZK) in machine learning. ZK algorithms can verify the validity of statements without revealing additional information, making them valuable in enhancing trust and privacy within AI systems. However, there are challenges related to computing power and performance that need to be addressed.
Overall, the EthCC provided a platform for fruitful discussions on the potential applications and intersections of AI and blockchain technology. The outcomes of these discussions and the specific use cases that may emerge from them are yet to be seen.
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Ethereum Conference Reflects Bullish Sentiment Amidst Market ... - Fagen wasanni