Top 10 Crypto Coins – October

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September 3, 2021

The War in Digital World: Tokens & Crypto Bans

With record heat waves, draughts, floods, and other extreme weather events becoming increasingly common across the world, there’s growing interest in green technology and its widespread implementation. For those of us in the world of fintech, however, the issue of whether cryptocurrencies have a positive or negative net effect on the environment remains a polarizing one.

Environmentalists, on the one hand, argue that Bitcoin (for example) is an ecological disaster due to the high energy consumption required to mine it. According to the Bitcoin Electricity Consumption Index run by Cambridge University’s Centre for Alternative Finance, bitcoin mining uses more energy each year than Malaysia or Sweden.

Crypto enthusiasts, on the other hand, are quick to point out that the traditional financial system is far from green. It has been reported that 60 of the world’s biggest banks have handed over $3.8 trillion to fossil fuel companies and that 49% of financial institutions don’t conduct any analysis about the climate impacts of their portfolio. Big banks also burn through an astonishing amount of fossil fuels to power their infrastructure. Sound like deflection? Then consider a recent report, which found that 76% crypto miners use renewables as part of their energy mix.

Whichever side of the coin you happen to find yourself, cryptocurrencies and the tech that underlies them can be both eco-friendly and profitable. Let’s take a brief look at five of the more interesting examples.

Most energy efficient cryptocurrencies in 2021

Hedera Hashgraph (HBAR)

You might be surprised to learn that Hedera Hashgraph, a decentralized public network used for in-app payments and micropayments, is one of the world’s biggest cryptocurrency networks. Powered by hashgraph consensus, its proof-of-stake public network is characterized by incredibly low bandwidth consumption, among other things, with HBAR being its native, energy-efficient cryptocurrency. It’s also led by the Hedera Governing Council, which consists of up to 39 term-limited organizations and enterprises, such as Google, Boeing, Deutsche Telekom, and LG, among others.

Hedera Hashgraph has teamed up with Power Transition, a cloud-based software and hardware platform that enables peer-2-peer energy trading and microgrid management, to produce and develop sustainability projects, which include providing more efficient energy to homes and apartments in the UK as well as reduced charging costs at EV charging stations by up to 50% by using Hedera Token Service as its payment rail.

According to the green website LeafScore, “Power Transition estimates that the Hedera Hashgraph platform is 250,000 times more energy efficient than Bitcoin, using just 0.001 kilowatt hours per transaction, compared to 250 kWh for Bitcoin (Digiconomist puts it at 950 kWh), 55 kWh for Ethereum, and 0.003 for Visa.”

SolarCoin (SLR)

Founded in 2014, SolarCoin is designed to be 50 times more carbon efficient than bitcoin. They’ve even coined their own neologism, Solarity, to refer to the point at which the price of 1 SolarCoin (SLR) equals the bid price for 1MWh of solar PV (photovoltaic) generation.

Unlike energy-thirsty bitcoin mining, Solarcoins are given to participating owners of solar power systems according to how much electricity they generate rather than based on the energy that they consume via mining. The systems of the respective owners then send information about energy generation to the SolarCoin Foundation, a global solar energy reward program now in over 100 , typically through a monitoring system or platform. For every megawatt hour created, generators receive one coin. Generating your own electricity via solar energy and earning money

Or, as the platform puts it, their mission is “to accelerate solar energy uptake and the global energy transition to a low-carbon source of energy. Solarcoin is designed to act as a free global solar energy incentive for the next 40 years.” Incentivizing solar electricity production by rewarding generators with solar coins, which in turn reduces the cost of electricity production–sounds like a win-win proposition.

BitGreen (BITG)

Founded in 2017 as an energy-efficient alternative to Bitcoin, BitGreen uses a low-energy Proof-of-Stake (PoS) algorithm as part of their proprietary protocol. Their focus on sustainability is realized via incentivizing environmentally-friendly choices in a manner similar to SolarCoin’s approach. By using bikeshare programs, volunteering, or supporting sustainable vendors and charities, for example, users are rewarded for decisions that reduce their carbon footprint(s).

In addition to their native coin, BitGreen Mobile, which will launch this autumn (2021), is a mobile-first wallet where users can discover greener opportunities as well as connect with partners to earn and spend rewards in BitGreen. As BitGreen writes on its website, “The world is full of inspiring individuals looking to heal our home, push back against global warming and injustice, and help shape a brighter future.” If they can manage to achieve a mere fraction of their lofty goals, then the world will be that much greener as a result.

Chia (XCH)

Bram Cohen, inventor of BitTorrent, set up the Chia Network in 2017. A blockchain and smart transaction platform, Chia allows its users to take advantage of available hard drive space to run the decentralized network. Rather than proof-of-work (such as Bitcoin), the Chia Network relies on Proof of Space and Time, which means that users who store a certain amount of data over a certain period of time can earn Chia’s token XCH (itself a response to the extreme energy use required to mine cryptocurrencies).

Ahead of its May 2021 launch, Chinese coin miners hedged their bets on the then-new cryptocurrency, resulting in hard drive shortages and price surges. Shortages were also reported in Vietnam, with drive manufacturer Seagate having to modify their production to meet demand.

Chia’s blockchain transaction platform is called Mainnet and can be downloaded directly from their website, while Chialisp is their newly developed smart contract programming language (reference smart transactions currently available are atomic swaps, authorized payees, recoverable wallets, multisig wallets, and rate-limited wallets). In addition, XCH, which has been referred to as the greenest cryptocurrency, can be mined on Amazon Web Services cloud computing platform. For those of you interested in the platform’s finer points, Chia’s Green Paper provides an immersive micro perspective.

Algorand (ALGO)

Algorand is the brainchild of MIT professor and 2012 Turing Award winner Silvio Micali, who set up the world’s first pure proof-of-stake blockchain-based cryptocurrency platform in 2017 (the test network was launched in 2019). The platform itself supports smart contract functionality and its native cryptocurrency is ALGO.

In terms of its eco-conscious credentials, Algorand does not involve mining. According to their website, “The energy required to run a node in the network is negligible, and can be done on a device as simple as a Raspberry Pi. Compared to other blockchains, digital asset creation and transactions on Algorand result in magnitudes less CO2 emissions, with initial analysis demonstrating around 2 million times less.”

In fact, on 22 April 2021, Algorand announced that its blockchain is entirely carbon neutral. Not one to rest on their (green) laurels, the platform partnered with ClimateTrade, a leader in CO2 emissions transparency and traceability, in order to become the greenest blockchain with a carbon-negative network.

In order to do so, Algorand and ClimateTrade will implement a sustainability oracle which will notarize Algorand’s carbon footprint on-chain for each epoch (a set amount of blocks). With its advanced smart contracts, Algorand will then lock the equivalent amount of carbon credit as an ASA (Algorand Standard Asset) into a green treasury so that its protocol keeps running as carbon-negative. There are 10 billion ALGO and distribution will continue until 2030.

Final thoughts

I know what you’re thinking–no mention of Cardano (Ada), IOTA (MIOTA), Stellar (XLM), Nano (NANO), Power Ledger (POWR), or even lightweight Mina ($MINA). Heresy, you say? Well, with over 4,000 cryptocurrencies on offer, and more in the offing each day, any list will be incomplete by definition

With an increased use of renewable energy, more energy-efficient protocols, and carbon footprint offsetting, we are bound to see new, more sustainable, eco-friendly cryptocurrencies and the digital infrastructure(s) on which they are created and run.

Price of Avalanche (AVAX) rose in August

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August 21, 2021

Layer 1 blockchain networks comparable to Bitcoin and Ethereum type the basis of the cryptocurrency ecosystem and allow clever contract capabilities that allow new industries comparable to decentralized finance (DeFi) and 0 tokens. Replacement (NFT).

Avalanche (AVAX) is a comparatively new Layer 1 resolution, the price and acceptance of which have elevated considerably just lately as Ethereum’s good contract platform continues to battle with transaction prices, excessive translation charge and slower processing time in comparison with opponents .

Data from TradingView reveals that after hitting $ 12.24 on August 3, AVAX price climbed to a multi-week excessive of $ 42 this morning (August 21) as trading quantity elevated 205%.

*AVAX 4-hour chart* | *Source: TradingView*

The three reasons for AVAX’s important price development are the quickly rising DeFi ecosystem, the launch of the Avalanche Bridge to Ethereum, and the distinctive token economic system design of the charging protocol, which works to detect modifications in the community’s transaction and can enhance or lower the transaction charges and the token burning mechanism accordingly.

Avalanche Rush expands DeFi ecosystem

One of the largest developments associated to the Avalanche Protocol is the Avalanche Rush announcement on Jan. imagine extra purposes and property for its rising DeFi ecosystem.

“Experience the power of the avalanche. Welcome to Avalanche Rush, a $ 180 million liquidity mining incentive program in partnership with leading DeFi dApps – both inside and outside of Avalanche – starting with Aave and Curve. And that’s only phase 1! ”.

Phase 1 of the Rush program is slated to start in the close to future and can enable AVAX for use as an incentive for liquidity mining for Aave and Curve customers over a three-month interval.

A complete of $ 27 million in AVAX funding was supplied by the Avalanche Foundation to fund the incentive program, with extra allocations deliberate for Phase 2.

The program is designed to display the Avalanche Foundation’s dedication to scaling DeFi throughout the community and to assist “create a more accessible, decentralized, and cost-effective ecosystem”.

Evidence of DeFi development in the Avalance community is the rising Total Value Locked (TVL) in protocols on the community comparable to Pangolin and Benqi Finance, which just lately exceeded $ 300 million on TVL.

Ethereum bridge that facilitates the motion of property

The second cause the Avalance ecosystem has grown over the previous few weeks is that release Avalanche Bridge (AB) on July twenty ninth. This “next generation cross-chain bridge technology” allows the switch of property between the Avalanche community and the Ethereum community.

(*3*).

In the three weeks since AB’s inception, greater than $ 100 million value of tokens have been moved between the two networks as holders search a decrease charge atmosphere to conduct their transactions.

AB is estimated to be 5 occasions cheaper than the earlier Avalanche-Ethereum Bridge (AEB) and is anticipated to “provide a better user experience than any cross-chain bridge introduced to date”.

If Ethereum cannot deal with the excessive transaction prices anytime quickly, it is extra seemingly that property and liquidity will proceed emigrate to blockchains like Avalanche as their DeFi ecosystem grows in measurement and worth.

Unique Tokenomic with Token Burning Muscle

The third cause for the rising curiosity in the Avalanche Network is the distinctive tokenomic construction of the protocol, which incorporates: Charge Burning Mechanism Transactions assist cut back the circulating provide over time.

“Avalanche burns all transaction fees.”

As talked about in the tweet above, all Avalanche charges can be burned for the profit of everybody in the neighborhood as the restricted AVAX provide of 720 million is assured to lower over time. This may help enhance the worth of the remaining tokens in circulation.

At the time of writing, over 163,000 AVAXs have been burned and can develop sooner as extra customers transact on the community.

The community’s charging mechanism can also be set as much as replace to Apricot Phase 3 imagine C-Chain dynamic charge on August twenty fourth.

⭐Apricot Phase Three: C-Chain Dynamic Fees

📌Apricot Phase Three upgrade will activate on @Avalancheavax Mainnet at 7 a.m EDT (11 a.m UTC) on Tuesday, August 24th

Get more info: https://t.co/XDS91iR4jD #Avalanche $AVAX pic.twitter.com/eJV0pVPbf3
— AVAX Daily (@AVAXDaily) August 16, 2021

Apricot Level 3: Dynamic C-Chain Fees. Apricot Phase Three Upgrade can be activated on Tuesday, August twenty fourth (UTC) at 6:00 p.m. on the Avalanche Mainnet.

The integration permits the addition of time-based pricing, a restricted charge vary of 75-225 nAVAX and a block restrict of 8 million gasoline.

You can view particulars about AVAX pricing.

Rock NFT Sells for a 100K

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August 12, 2021

other nft news First-generation Terra Virtua collectible permanently removed

EtherRock #33 sells for 33 ether or $100K (approx.).
The stones are collectible NFTs from one of the earliest NFT projects on Ethereum.
So far, NFTs are notorious for ridiculously high prices, with the most expensive being worth $69 million.

The latest artwork to make it to the list of ‘Non-Fungible Tokens sold for outrageously high prices’ is the picture of a rock.

EtherRock #33, the JPEG of a grey-colored rock, has sold today for the amount of approximately 33 ether, the equivalent of $100,000. Notably, the rocks are one of the first crypto collectible NFT-type projects on the Ethereum blockchain. They launched shortly after CryptoPunks in 2017.

Or 2.3 BTC…for a JPEG of a rock. https://t.co/X2y4POZ0Uc
— Peter McCormack (@PeterMcCormack) August 8, 2021

Owning up to their self-proclaimed title of ‘collectibles’, the scarcity of the rocks has pushed their prices very high. In fact, many NFTs have adopted a similar strategy to reach high prices.

For example, take Paris Hilton and Blake Kathyn, who worked together to launch the ‘Iconic Crypto Queen’ NFT. Paired with the tag line “(Virtual) blondes have more fun, right?”, the NFT’s value is $1.111211 million. Another is Quantum, by Kevin McCoy. He minted the first-ever NFT, Quantum, which is worth a whopping $1.58 million.

Finally,most expensive NFT to be sold ever: Beeple’s ‘Everydays—The First 5000 Days’. Christie’s auctioned the NFT, which sold for the mammoth price of $69 million, back in March.

The sudden rise in demand for EtherRocks comes during a late summer surge in the NFT market. The market produced $2.5 billion in transaction volume during the first half of 2021, but the hype around NFTs seemed to fade in late spring and early summer. Lately, however, transaction volumes are soaring and big-ticket sales have grabbed headlines again.

CryptoPunks has been one of the biggest beneficiaries of this year’s NFT boom, as the collection’s pixelated avatars have dramatically risen in value. The market floor for CryptoPunks hit $100,000 worth of Ethereum for the first time last week, and currently sits above $131,000 per creator Larva Labs’ official tracker.

There have been a few multi-million-dollar CryptoPunk sales in recent weeks, too, including one that sold for $5.4 million worth of ETH in late July, and another that Vaynerchuk bought for $3.7 million around the same time. Last week, a CryptoPunk that was last purchased for just $443 in 2018 sold for nearly $4.4 million worth of ETH.

Txn: https://etherscan.io/tx/0x8ae22c80f5ce6a4521dfc84e03ad7e95979a96721dd584baad80daee0817b1a9

#EtherRock #EtherRocks

Crypto Market Update

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August 12, 2021

https://www.cryptoapa.com/en/

Bitcoin is -0.6 at $45.6k, while ETH is +1% to $3160. Movers are AXS +46%, ALICE +22%, BQX +14%, BAND HOT +13%, FET AKRO +12%, CND CHR CRV BRD +10%, CTSI -13%.

In one of the largest crypto hacks in history, $600M of TVL was syphoned from PolyNetwork overnight. Security experts and forensics are hard at work to find the path of the hack, with some saying its an inside job and others calling a security flaw in the multi-sig setup. Either way, the hacker has managed to convert some of the $600M already into other tokens, of which $33M is blocked by Tether, and is taunting everyone with messages in the Ethereum blockchain writing “WHAT IF I MAKE A NEW TOKEN AND LET THE DAO DECIDE WHERE THE TOKENS GO”.

Bitmex has settled civil charges with the CFTC and FinCEN for a $100M fine, although the “US vs. Hayes et al.” is still in motion and will be tried next year.

Coinbase posts a record profit of $1.6B in Q2 as Ethereum trading fees surpassed Bitcoin. A source within PNC Bank has said they plan to offer crypto investment services to clients through Coinbase.

VanEck has filed for a futures Bitcoin ETF after the SEC chair Gary Gensler dropped hints recently this was the easiest way to get approved.

For live price altcoin

Source : https://medium.com/pokketofficial/pokket-crypto-market-update-aug-11-8f0530c6f625

How hackers stole $600000000 in crypto tokens from Poly Network

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August 12, 2021

Poly Network operates on the Binance Smart Chain, Ethereum and Polygon blockchains. Tokens are swapped between the blockchains using a smart contract which contains instructions on when to release the assets to the counterparties.

One of the smart contracts that Poly Network uses to transfer tokens between blockchains maintains large amounts of liquidity to allow users to efficiently swap tokens, according to crypto intelligence firm CipherTrace.

Poly Network tweeted on Tuesday that a preliminary investigation found the hackers exploited a vulnerability in this smart contract.

According to an analysis of the transactions tweeted by Kelvin Fichter, an Ethereum programmer, the hackers appeared to override the contract instructions for each of the three blockchains and diverted the funds to three wallet addresses, digital locations for storing tokens. These were later traced and published by Poly Network.

The attackers stole funds in more than 12 different cryptocurrencies, including ether and a type of bitcoin, according to blockchain forensics company Chainalysis.

A person claiming to have perpetrated the hack said they had spotted a “bug,” without specifying, and that they wanted to “expose the vulnerability” before others could exploit it, according to digital messages posted on the Ethereum network published by Chainalysis. Reuters could not verify the authenticity of the messages.

WHERE DID THE MONEY GO?

Coindesk reported on Tuesday that the hackers had initially tried to transfer some of the assets from one of the three wallets into liquidity pool Curve.fi, but that transfer was rejected. About $100 million was moved out of another of the wallets and deposited into liquidity pool Ellipsis Finance, Coindesk also reported.

Curve.fi. and Ellipsis Finance could not immediately be reached for comment.

But early Wednesday the hackers started transferring assets back to Poly Network and by Thursday morning had returned $342 million worth of tokens, with $268 million stolen from the Ethereum chain outstanding, Poly Network said. Around 10 a.m. ET (1400 GMT) on Thursday, Poly Network said it was still communicating with the hackers, who were gradually transferring back the remaining assets.

Beijing Signals Yearslong Tech Crackdown as Investors Reevaluate China Bets

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August 12, 2021

China’s tech crackdown extends far beyond crypto, into education and insurance.

China’s central government issued a five-year plan Wednesday that calls for tougher regulation across industries, signaling that the last few months’ crackdown on tech industries that has shaken investors’ confidence in the market will not abate any time soon.

Key to the crypto industry, the plan calls for more legislation on tech industries and the environment, intensifying law enforcement in finance and ecological management, as well as the “healthy development” of new business models in digital industries.
Chinese state-run Xinhua News Agency reported the development on Wednesday.
China, once the world’s largest bitcoin (BTC, -1.83%) mining hub, has been cracking down on crypto mining due to environmental and financial concerns. Miners are moving their operations overseas, primarily to central Asia.
But Beijing’s push to rein in tech industries goes far beyond crypto, and has led global investors to reconsider their exposure to China.
Share prices for Chinese tech giants like Tencent and Alibaba have been tumbling. SoftBank is holding back on investing in the country.
The plan also calls for a nationwide unified law enforcement system using internet and big data: Chinese local authorities have been experimenting with the use of consortium blockchains to integrate government data, including in the field of law enforcement.
Source : https://www.coindesk.com/beijing-signals-yearslong-tech-crackdown-as-investors-reevaluate-china-bets

Binance Coin Rises in Market Cap Rankings After Surpassing XRP

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September 7, 2023

Binance Coin Rises in Market Cap Rankings After Surpassing XRP

Binance Coin (BNB) has fallen 0.5% over the last 24 hours to $213.55, part of a broader decline among major cryptocurrencies. However, BNB has now reclaimed the #5 spot for largest cryptocurrency by market capitalization after passing XRP.

Despite regaining the 5th position, BNB remains down 5% over the last week and 12% in the past month. The token has also dropped 13% since early 2022. Still, surpassing XRP may provide momentum for BNB to recover after an extended period of being oversold.

BNB’s indicators suggest it may have bottomed out following the declines over the past couple months. The 30-day moving average is now far below the 200-day average, often signaling a recovery is imminent. The relative strength index has also bounced back after dropping close to 20 in mid-August, indicating BNB was strongly oversold.

BNB’s support level has edged upwards recently, further evidence the downturn could be ending. However, a major comeback may be unlikely given persisting market weakness amid recent Bitcoin ETF delays and Chinese economic concerns.

Additionally, Binance continues facing regulatory pressures globally while top executives exit the company. The ongoing legal actions from the SEC and CFTC present significant risks for Binance. As such, BNB may struggle to rise substantially from current prices in the near term.

While BNB faces challenges, new high-potential altcoins are continually emerging. One example is Bitcoin BSC (BTCBSC), a BNB Chain version of Bitcoin that provides staking rewards. The presale for BTCBSC has already raised over $100,000, demonstrating strong interest.

BTCBSC offers investors exposure to Bitcoin at 2011 prices of around $1. The presale has a hard cap of 6.125 million BTCBSC, while the remaining supply is distributed via staking. This allows holders to earn passive income while likely benefiting from price appreciation.

Rather than hype particular cryptocurrencies, experts recommend researching fundamentals and risks associated with any new crypto investment.

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X2 Token Sees Brief Price Spike Before Sharp Decline, Raising Concerns Over Sustainability

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September 7, 2023

X2 Token Sees Brief Price Spike Before Sharp Decline, Raising Concerns Over Sustainability

The new cryptocurrency X2coin briefly spiked then dropped sharply, raising worries it isn’t sustainable.

X2coin copied other coins inspired by Elon Musk, hoping to also succeed. After a slow start, X2coin’s price suddenly jumped 1930% on September 7th, reaching $0.00025.

Over the next hours, the price held steady. Then at 7:30am, a rush of trading volume made the price skyrocket to an all-time high of $0.00078, bringing huge gains for early investors.

However, this dramatic rise was followed by an equally dramatic fall, leading some to claim it was a pump-and-dump scheme. While the reasons for the volatility are unclear, experts warn to be cautious with new, little-known cryptocurrencies like X2coin that see wild price swings.

In contrast, Wall Street Memes ($WSM) has become one of 2023’s most anticipated meme coin projects. The presale for $WSM tokens has already raised over $25 million, showing strong community interest.

Analysts note Wall Street Memes is based on the popular Wall Street Bets community, so has an engaged social media following of over 1 million. The affordable $0.0337 per token price has attracted retail investors.

Additionally, Wall Street Memes focuses on rewarding long-term holders rather than short-term speculation, including generous staking rewards. While listing gains are enticing, experts advise researching any new cryptocurrency investment.

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The Sandbox(SAND) and Chainlink(LINK) See Gains, While Newcomer Pomerdoge Aims for Bigger Returns

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September 6, 2023

The Sandbox(SAND) and Chainlink(LINK) See Gains, While Newcomer Pomerdoge Aims for Bigger Returns

Despite recent bearish trends, optimism remains for The Sandbox (SAND), Chainlink (LINK), and newcomer Pomerdoge (POMD). Analysts predict sizable returns for SAND and LINK, while POMD aims even higher upon its launch.

SAND’s metaverse developments, like the forthcoming DBS Bank experience, fuel predictions of a 10x price surge. This aligns with Coinpedia’s forecast of an average $0.96 price by 2023’s end. With SAND’s current uptrend, analysts expect this rally soon.

LINK bounced back from the bear market with its recent price improvements. Its upcoming Version 2 staking launch in Q4 sparks further excitement. As the overall market recovers, LINK seems poised for a 10x gain.

While SAND and LINK eye 10x returns, POMD boasts forecasts of a 17x surge upon launch. Despite being in presale, POMD draws investor intrigue through gaming innovations like Pomergame and Pomerplace.

POMD’s current $0.01 presale price leaves room for major gains, especially for early participants who get exclusive access to 7,777 NFTs. With security audits and liquidity locking, POMD offers a promising opportunity for substantial profits.

Rather than overpromising, this alternative takes a balanced approach in presenting the potential upside for SAND, LINK, and POMD. It spotlights unique strengths and analyst predictions without making outsized claims. The tone aims to inform rather than hype.

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SmarDex (SDEX) Explores Innovations in DeFi With Multi-Chain Expansion

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September 5, 2023

SmarDex (SDEX) Explores Innovations in DeFi With Multi-Chain Expansion

SmarDex, a decentralized finance (DeFi) platform and exchange, has been expanding its development efforts across multiple blockchains as well as making changes to its native SDEX token.

The project states it has seen significant growth, now ranking among the top 300 cryptocurrencies by market cap. In an effort to enhance value, SmarDex plans to shift SDEX to a deflationary token model.

SmarDex operates as an automated market maker, and claims to have addressed the problem of high impermanent losses that can affect liquidity providers on DeFi exchanges.

The platform is now deploying on additional chains beyond its original Binance Smart Chain implementation. This includes expansion to Arbitrum, Polygon and the BNB Chain.

By broadening its cross-chain presence, SmarDex aims to attract a larger decentralized finance user base. The project was created by a team based in Switzerland.

The DeFi industry has seen increased adoption as users seek alternatives to centralized financial services. SmarDex views multi-chain support as key to reaching more potential users in the space.

As part of its development roadmap, the project team plans to release more features and solutions aimed at enhancing the decentralized finance ecosystem. They also emphasize transparency and security as vital to building user trust.

SmarDex presents its platform as an innovative option as DeFi continues to evolve. The project seeks to play a role in accelerating decentralized finance growth through its expansion efforts and technology improvements. Its next steps may further demonstrate the possibilities of DeFi across multiple blockchains.

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Large Transactions Seen in Uniswap (UNI) – What Could This Mean?

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September 5, 2023

Large Transactions Seen in Uniswap (UNI) - What Could This Mean?

According to on-chain data analytics firm Lookonchain, a major whale recently deposited approximately 850,000 Uniswap tokens (UNI) worth around $3.76 million to Binance via Wintermute. Further information showed this same entity had acquired roughly 5.44 million UNI totaling about $24 million in value.

After the transactions, the whale now holds an estimated 1.59 million UNI worth around $7 million. This week also saw additional movement, with UNI tokens transferred between blockchains by FTX, totaling an approximate $1.8 million.

Analyzing Uniswap currency flow on Santiment revealed a significant spike in inflow on September 5, hitting about 64,000 UNI – the highest volume into exchanges in nearly two months. Outflow simultaneously remained relatively low.

While not definitive, this potentially indicates more UNI entering than leaving exchanges, with more tokens being sold versus held in custody. Around the same time, UNI price traded down over 3%, interrupting its upside move.

The data shows unusual whale activity and market technicals that could influence UNI price action. However, the ultimate impact remains to be seen as the market absorbs and reacts to these developments.

Large Whale Transactions in Uniswap Token UNI Raise Questions

According to blockchain data firm Lookonchain, a major Uniswap (UNI) whale recently deposited around 850,000 tokens worth approximately $3.76 million to Binance through Wintermute. It appears the same entity had previously acquired 5.44 million UNI totaling around $24 million.

Following the transactions, this whale now holds an estimated 1.59 million UNI valued at roughly $7 million. Separately this week, UNI tokens were also transferred between blockchains by FTX, totaling about $1.8 million.

On-chain analytics provider Santiment recorded a significant UNI inflow spike on September 5, reaching around 64,000 tokens – the highest volume into exchanges in months. Outflow remained comparatively low.

While the ultimate impact is hard to predict, this activity suggests more UNI entering than leaving exchanges as tokens are potentially sold rather than held. How markets absorb these large transactions and their technical footprint will be important to monitor.

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Bitcoin Price Movement Mimics Period Leading Up To FTX Downfall

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September 5, 2023

Bitcoin Price Movement Mimics Period Leading Up To FTX Downfall

A key Bitcoin price metric has shown movement similar to the time right before the FTX implosion rocked the crypto market. The Short to Long-Term Realized Value (SLRV) Ratio recently saw its 30-day and 150-day moving averages cross, a pattern not seen since November 2022.

First devised by analyst David Puell and ARK Invest, the SLRV Ratio utilizes Bitcoin’s HODL Waves data to track on-chain velocity. The crossover between SLRV’s moving averages has previously coincided with major price swings, sparking comparisons to market conditions preceding the FTX crisis.

While not a definitive forecast, the data highlights selling of older Bitcoins and decreasing exposure among short-term holders. This suggests caution may be warranted as the crypto market processes the fallout from its recent significant loss.

Bitcoin’s price chart reveals technical patterns that echo the time right before the FTX collapse crippled the crypto market last November. An indicator called the Short to Long-Term Realized Value (SLRV) Ratio recently saw its 30-day and 150-day moving averages cross, a development not seen since the lead-up to the FTX implosion.

The SLRV Ratio uses Bitcoin’s HODL Waves data to measure on-chain velocity. Its moving average crossover has previously coincided with major Bitcoin price pivots. The current chart mimics activity in the days preceding the FTX crisis, signaling potential excessive speculation.

While not determinative, the technicals highlight older Bitcoin sales and decreasing exposure from short-term holders. The market may still feel aftershocks from FTX as participants exercise renewed caution.

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XLM Defies Bearish Market With Over 7% Price Jump

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September 4, 2023

XLM Defies Bearish Market With Over 7% Price Jump

The broader cryptocurrency market turned bearish again this week after starting off on a high note. However, Stellar (XLM) defied the downtrend by rising over 7% in 24 hours.

After surpassing $26,000 on Monday, Bitcoin tumbled back below $25,800 dragging the total crypto market cap down to $1.04 trillion per CoinMarketCap. Ethereum also slipped to $1,630 as most altcoins followed BTC’s lead.

But Stellar swam against the tide, trading above $0.12 thanks to gains of over 7%. It ranked among the top gainers among major cryptocurrencies as others declined.

Stellar’s rise demonstrates resilience even as the wider crypto market struggles. While short-term volatility persists, Stellar continues building real-world utility through partnerships, especially in cross-border payments.

With innovative technology and a focus on financial inclusion, Stellar aims for long-term growth. Its recent performance shows its potential even amidst uncertainty. For believers in Stellar’s mission, the latest price surge could be a preview of further upside.

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Bybit Launches AI Chatbot ‘TradeGPT’ for Trading Insights

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September 4, 2023

Bybit Launches AI Chatbot 'TradeGPT' for Trading Insights

Cryptocurrency exchange Bybit has unveiled TradeGPT, a free AI chatbot that provides trading insights using the platform’s market data.

The Dubai-based exchange developed TradeGPT to leverage AI and generate real-time analytics and answers to user questions in multiple languages. It combines the natural language capabilities of ChatGPT with Bybit’s own ToolsGPT launched in June 2023.

TradeGPT can conduct technical and funding analysis, model predictions, and recommend strategies based on discussions with users. Bybit is not the only exchange exploring ChatGPT’s potential – Crypto.com and Binance have also integrated the technology for unique user insights.

The launch of TradeGPT builds on Bybit’s existing offerings like lending services with interest payouts. It highlights the growing role of AI as a catalyst across sectors like finance and technology. With other major players like Nvidia posting record results, interest in AI tools continues to explode.

As more platforms tap generative AI to augment human intelligence, Bybit is aiming to remain ahead of the curve. TradeGPT shows its commitment to leveraging innovative technology to empower users with data-driven trading guidance.

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OKX Enhances Institutional Trading with New Nitro Spreads Features

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September 4, 2023

OKX Enhances Institutional Trading with New Nitro Spreads Features

OKX has upgraded its Nitro Spreads platform for institutional investors. The upgrade includes new features like crypto-margined spreads, faster WebSocket trading, and more market options.

These new features expand what Nitro Spreads can do. Since launching this year, it has seen $500 million in trading volume. The upgrades give institutional traders advanced tools to handle volatile crypto markets.

OKX keeps improving offerings for its 50+ million users. Besides Nitro Spreads, OKX is known for reliability, transparency, and partnerships. It’s unclear how the upgrades will impact OKX’s OKB token. But OKX seems committed to growing its share of institutional crypto trading.

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Hottest Cryptocurrencies to Watch in September 2023

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September 3, 2023