Bored Ape’s ApeCoin (APE) off to Rocky Start After Launch

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March 19, 2022

Several projects have emerged in the past few years, taking novel approaches to create their ecosystems. Stablecoins, DeFi, and a robust architecture have become key development criteria for these projects, as they aim to expand their ecosystems.

Terra is one of these projects and has generated tremendous interest for its programmable architecture and its connection to a variety of stablecoins. Here we discuss what LUNA is, its token, the background of the project, how it works, and its future.

Background and evolution

Do Kwon and Daniel Shin founded Terraform labs in 2018. Shortly after, the team founded Terra and later launched its mainnet blockchain in Apr. 2019.

Don Kwon has worked for Microsoft and Apple, whereas Daniel Shin is the founder and CEO of Chai, a payment technology business, and TMON, an e-commerce company. TerraLabs has also created other projects, called Mirror Protocol and Anchor Protocol. These work with Terra to aid in development through the early stages.

Following Terra’s inception, it began offering stablecoins pegged to the U.S. dollar, Mongolian tugrik, and South Korean won, as well as other International Monetary Fund SDR currencies. Terra’s whitepaper states that it evaluates the price stability and widespread use of fiat currency against the censorship resistance of Bitcoin (BTC) in order to essentially enable cost-effective digital transactions.

The Terra Alliance is a proponent of terra adoption. Terra Alliance is a global e-commerce business organization that spreads the word about Terra and promotes its acceptance. Besides, Terra alliance currently has over 45 million customers and a combined value of billions of dollars.

What is Terra (LUNA)?

Terra is a decentralized payment ecosystem. It is based on cosmos blockchain that uses fiat-pegged stablecoins to create a cryptocurrency that does not fluctuate with the cryptocurrency market, hence mitigating the vulnerability of a volatile cryptocurrency. Stablecoins are a subset of cryptocurrencies tied to fiat currency at a 1:1 ratio. The most widely used stablecoin within the Terra ecosystem is TerraUSD (UST). Additionally, it is a blockchain capable of running its decentralized applications (DApps).

Terra features its native token, LUNA, which is used to secure the protocol’s stablecoins. Furthermore, this native token enables users to vote for network governance. It has a market capitalization of $34 billion, according to CoinMarketCap. What’s interesting here is that LUNA does not have a fixed supply because its supply changes to the number of stablecoins on the market, hence balancing the value of stablecoins.

How does Terra (LUNA) work?

Terra protocol operates on its blockchain, which means it is not dependent on other blockchains, like Ethereum. Additionally, its system incorporates proof-of-stake (PoS) consensus mechanism, which are powered by Cosmos SDK and Tendermint blockchain. This means that validators that run several nodes can complete transactions in exchange for a reward.

Moreover, validators and stakeholders can participate in the platform’s consensus and have a voting power proportional to their delegates’ stakes to govern the network’s operation. Additionally, 130 active validators with LUNA are selected to protect the network. Terra also enables developers to use its platform to launch DApps on its blockchain.

Terra stablecoins are algorithmic stablecoins, which means the protocol relies on an algorithm to maintain price stability. For instance, the value of UST is equal to $1 and should remain stable because of LUNA; if the value of UST declines, LUNA will supplement it to maintain its dollar value.

The users who wish to mint Terra stablecoin must burn dollars equivalent to the value of LUNA. As a result, you can mint LUNA in exchange for stablecoins and have the token sent to the community treasury, allowing the network to profit from stablecoin minting. This is known as seigniorage. It is similar to the seigniorage process used by central banks to profit from the printing of fiat currency.

Terra stablecoins

Terra stablecoins is a modern cryptographic version of currency that aims to mitigate digital cryptocurrency volatility. They are created algorithmically within the Terra network by burning LUNA tokens to generate stablecoins supporting and maintaining the Terra market. In this case, the value of LUNA will increase or remain constant between the stablecoins as the token flow is adjusted.

Terra stablecoins offer minimal transaction fees and quick global swaps between multiple stablecoins. Terra stablecoins are secured by Terra network, using LUNA as a governance token to ensure its price stability.

Roadmap and development

Public Mainnet Upgrade (Columbus-4) 2020: Terra users will construct and upload smart contracts as part of this blockchain upgrade. This upgrade will enable the creation of a completely decentralized agent with apparent logic. This concept will assist developers in creating DApps that use Terra blockchain’s unique characteristics, including on-chain swaps and native stablecoins.

Columbus-5: Sep 2021: Terra Mainnet’s blockchain was launched on this date, and it resumed its upward trajectory from a low of $49.45 on 4th Oct. to an all-time high of $103.33 on 7th Dec. This new version of the blockchain’s Mainnet introduces inter-chain assets on other blockchains. The upgrade enables LUNA to be permanently burned and destroyed without being put into a community pool.

Metaverse Alpha Version 2022 Q1: Metaverse test begins in this step by establishing a log-in that enables access to special NFTs airdrops. It will include Terra World NFTs and NFTs airdrops for stakers of $TWD. Furthermore, there will be sales of NFT land and pets.

Metaverse Beta Version 2022 Q1: This stage will include more features based on feedback from previous development and Metaverse and a beta test phase on the Terra ecosystem. Finally, a link between the Terra ecosystems system and the metaverse rewards will be implemented.

Official Metaverse Launch 2022 H2: This is the final testing phase before the network is officially launched, and applications from Metaverse producers will be accepted Terra team will also announce Terra World of Metaverse for mobile applications.

Tokenomics

Terra (LUNA) currently has a total supply of 994 million tokens and a circulation supply of 403 million tokens. LUNA is a governance token, and it also pegs Terra’s value to other stablecoin. Currently, TerraUSD (UST) stablecoin is for the Terra ecosystem and also other blockchain systems such as Solana through Mirror Protocol.

One of Terra’s goals is to gain resources from seigniorage and distribute them to DApps. Seigniorage is the term that describes the value created when LUNA is issued. To qualify for seigniorage, DApps must register on the Terra network. Additionally, DApps may be eligible for funding based on their economic activities and intended use of the funds.

Terra (LUNA) is now at 7th position in terms of market capitalization, which currently stands at $34.2 billion at the time of writing; this is a strong indication that its value will continue to rise in the coming days. As of the previous 24 hours, the trading volume of Terra is $2.2 billion. LUNA’s unmatched stability qualifies it as a stable currency capable of combining fiat and digital currency while trading and storing value.

Price and price predictions

Investors and analysts have many concerns about what will happen in the following months and years regarding Terra (LUNA) price forecast. Terra’s initial release did not receive widespread adoption, but it needed time to earn enough trust for people to use it.

Terra’s pricing has been hovering around $90 for the last 24 hours. According to analytsts, Terra’s long-term price prediction is around $508.2, and it also expects a five-year investment return of around +1141.14%. Another forecast predicts Terra will steadily rise throughout this year, forecasting a price of roughly $203 by Mar. 2023 if you invest $100. Terra has tremendous potential based on this prognosis, and experts recommend it for buying and trading tokens.

The Terra Station Wallet

Terra Station wallet users have access to DApps powered by Terra blockchain smart contracts. It has a web extension and a desktop client to access and manage Terra accounts. The web plugin enables users to view live statuNs and even create transactions.

Users can also interact with DApps via a Terra-supported web page and connect their wallets. If you connect your wallet, DApps will access your data and request your approval for transactions via a station transaction.

Should you buy Terra (LUNA)?

During early Mar. 2022, Terra (LUNA) has surpassed Ethereum to become the second-largest DeFi protocol, with $25.7 billion in staked LUNA tokens. Meanwhile, several well-known companies have made significant investments in Terra, including Coinbase, Skynet Trading, and Galaxy Digital. Experts predict Terra’s (LUNA) value to increase further, since it has reached a market cap of $33.8 billion as of Mar. 2022. They have also announced a proposal to offer $139 million in UST to key DeFi protocols such as Solana, Ethereum, and Polygon.

Terra’s new projects incorporate an updated cosmos version known as Stargate; this initiative will enable cosmos-powered blockchains to communicate with other compatible networks via its inter-blockchain protocols. As a result, Terra (LUNA) could be a good investment. The decision is entirely yours, but you should do some research before investing.

How to buy Terra (LUNA)?

You can purchase Terra and its LUNA cryptocurrency on major cryptocurrency exchanges like Binance, Kraken, and Huobi Global. Many online exchange platforms accept local fiat currency and pair LUNA with other cryptocurrencies, such as tether (USDT), ethereum (ETH), and bitcoin (BTC). The following is a step-by-step guide to purchasing Terra.

Step 1: Create a Binance account.

To invest in Terra, you must first create an account on Binance.

After registering, you will validate your account by clicking on the profile icon on the Binance platform’s interface. Then select the identification option to proceed to the verification page.

Step 2: Complete the transaction

After verifying your identity and completing the account setup, you’re ready to purchase Terra. You’ll need to navigate to the “Buy Crypto” section, where you’ll see a list of several payment methods. Choose one that works best for you.

Following your payment method selection, the next page interface will display. Click the Buy section and select the currency you wish to transact. You will see the default currency is bitcoin; change it to LUNA and enter the amount you intend to spend.

Step 3: Confirm your purchase

You will need to enter your payment information. Your purchase will be confirmed on the platform once payment has been verified, and you will receive Terra.

What does Terra’s future look like?

Terra’s has some exciting features, making it one to at least follow. This network’s ability to establish a whole cryptocurrency ecosystem is quite unique. It has the potential to make stablecoins and the entire Terra ecosystem more popular than they are now.

Terra’s extension via its bridges increases Terra’s utility and facilitates balancing the stablecoin value mechanism into the real-world. Terra’s future is brimming with opportunities, such as integrating with other Cosmos SDK blockchains. There is also room for Terra to expand and improve its user base globally. With that in mind, it’s a project worth keeping an eye on.

How To: Providing stETH liquidity via Curve

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March 19, 2022

Summary

Provide liquidity in the Curve stETH pool and receive pool trading fees in CRV.
Receive LDO rewards proportional to your provided liquidity.
Retain your exposure to stETH to earn staking rewards.
Unstake whenever you decide to.
Participate in the Lido DAO with newly acquired LDO.

How does it work?

The stETH pool is a liquidity pool that contains stETH and ETH. Users can interact with these pools to purchase stETH or ETH with low slippage. Any transactions that take place within this pool are paid out to liquidity providers via trading fees in CRV.

Users who provide their liquidity to this pool will receive LP tokens in return. They can then stake their LP tokens into the Curve gauge to receive trading fees in CRV, alongside the newly proposed incentivized rewards; LDO and CRV.

Why is this important?

Without a liquidity pool for stETH, users cannot swap their stETH for ETH. This swapping between stETH and ETH effectively unstakes their ETH from the Lido contract. Without any liquidity pools, users will not be able to unstake their staked ETH until Ethereum launches Phase 2.

To incentivize liquidity for stETH, liquidity providers will be rewarded for providing their tokens into the Curve liquidity pool. In this way, liquidity providers will be incentivized to keep Lido liquid, where users can decide to unstake their ETH at any time for whatever amount. This proposal will benefit the Lido ecosystem and reward the early adopters who have interacted directly with Lido.

Curve Walkthrough

How do I provide liquidity into Curve?

Visit www.curve.fi/steth/deposit and connect your wallet.
Provide liquidity in the Curve stETH pool by clicking “Deposit & stake in gauge”.
Choose the proportion of ETH/stETH to stake.
Modify the gas price and confirm the transaction.
Receive LP tokens in return.
These LP tokens should be automatically deposited into the gauge.
Start receiving LDO and CRV rewards in real time alongside trading fees in CRV (base APY %).

When you deposit stETH to Curve, your tokens are split between ETH and stETH, with the precise balances fluctuating constantly due to price trading.

This is done automatically and does not affect your share of the LDO distribution.

How do I use Curve gauges?

When using Curve, users can stake their LP tokens into the Curve gauge liquidity system to earn additional trading fees (CRV) and incentivized rewards (CRV & LDO).

To stake your stETH tokens in gauge:

Visit www.curve.fi/steth/deposit.
If you have not made your first deposit, press “Deposit and stake in gauge”. This will automatically stake your deposited stETH and you will start earning steCRV.
If your stETH is already deposited but not staked, press “Stake unstaked in gauge”.
Using the ‘stake %’ field, choose the amount you want to stake. This can be unstaked anytime.

Please note that when you stake your LP tokens – steCRV – using gauge, they will no longer be visible in your Metamask wallet. They will be visible again upon unstaking.

How do I claim my rewards?

Every time someone trades on this Curve pool you will receive trading fees in CRV. They are accrued automatically every trading transaction and you do not need to do anything here.

To claim your rewards:

Visit the Withdraw page.
Click on “Claim” to receive your rewards – sent to your wallet – and to keep staking.
To exit the pool entirely, click “Withdraw and claim”. Upon doing so you will receive your rewards and withdraw your tokens from Curve back to your wallet.

How do I withdraw stETH from Curve

Curve allows you to unstake and withdraw at any time, in the token of your choice. When unstaking from gauges you effectively unstake your stETH so you no longer earn steCRV tokens.

Unstake: To no longer stake your stETH in a Curve gauge to earn fees and additional steCRV LP tokens.
Withdraw: To withdraw your tokens from Curve to your wallet.

There are 3 options when withdrawing from Curve – withdraw, withdraw & claim, unstake from gauge. To withdraw your tokens from Curve you will first need to unstake if doing so. To unstake your stETH from Curve:

Visit the Withdraw page.
Access the ‘advanced unstaking options’ towards the bottom of the dashboard.
Here you will see an overview of your staked tokens. Choose the amount of tokens you want to unstake and press ‘Unstake staked’.

After unstaking your tokens you can now withdraw them from Curve.

To exit the pool entirely, click “Withdraw and claim”. Upon doing so you will receive your rewards and withdraw your tokens from Curve back to your wallet.
Fill in the total amount of tokens you wish to withdraw (share of liquidity) or the precise token amounts (in ETH and stETH). You can also choose the combination of tokens to withdraw to your wallet – the split between ETH and stETH.

Upon confirmation of withdrawal using your Ethereum wallet, your tokens will be withdrawn from Curve to your wallet.

What’s to come?

Another liquidity pool for stETH has been proposed. The stETH/DAI liquidity pool has been proposed by 0xMaki, a core team member and developer of SushiSwap, to be used in SushiSwap’s Onsen program.

There are many plans for stETH to be used in a variety of DeFi protocols in the future such as lending protocols, yield farming strategy protocols, aggregators, and many more to come. These are outlined in more detail here: Possible DeFi protocol integrations with Lido and their respective incentives.

We highly encourage users to submit their proposals on the Lido forums to share their ideas to the community.

Over $500M of ETH Withdrawn From Crypto Exchanges

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March 19, 2022

Recent data released by IntoTheBlock revealed that 180,000 ETH was withdrawn from exchanges on March 15 – the most substantial aggregated exchange withdrawal of Ethereum since October of last year. Within 10 days, Ethereum’s price increased 15%, with it now at a price of $2,969 as of press time.

Largest Outflows in 2022 – over 180k $ETH was withdrawn from centralized exchanges within a single day

-Last time such a magnitude of ETH left exchanges was in Oct 2021, preceding a 15% price increase within ten days
-190k ETH was also deposited into Lido's stETH liquid staking pic.twitter.com/wayu2nvRlR
— IntoTheBlock (@intotheblock) March 18, 2022

Investors bullish on Ethereum
Blockchain analytics platform Chainalysis suggests that a maximum of 352,317 ETH may have left exchanges in one day – the magnitude of which hasn’t been estimated by the firm in the last six months, believing these large outflows to be “bullish” indicators.
“Assets held on exchanges increase if more market participants want to sell than to buy and, if buyers choose to store their assets on exchanges,” said the company.
Glassnode data shows that nearly 550,000 ETH have left centralized exchanges to date, reducing the net ETH balance to 21.72 million – from a peak of 31.68 million ETH in mid-2020.

BTC price is moving higher above USD 41K, Ethereum Accelerates, LUNA and Monero Rally

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March 9, 2022

BTC price is moving higher above USD 41K, Ethereum Accelerates, LUNA and Monero Rally

Bitcoin price is moving higher above USD 41,000.
Ethereum surpassed USD 2,700 resistance, XRP is still below USD 0.75.
LUNA rallied 17%, while XMR surged 25%.

Bitcoin price started a steady recovery wave above the USD 38,800 resistance, rallied above USD 41,000, and is currently (04:18 UTC) trading above USD 41,500. BTC jumped more than 7% in a day and trimmed its weekly losses to less than 7%.

Similarly, most major altcoins are attempting an upside correction. ETH was able to clear the USD 2,700 level. XRP is still struggling to surpass the USD 0.75 resistance. ADA might test USD 0.85.

Total market capitalization

Bitcoin price

After tagging the USD 37,200 zone on Monday, bitcoin price started an upside correction. BTC was able to climb above USD 41,000 today, surpass the USD 41,200 resistance level, and is now trying to gain pace above USD 41,500.

If there is a fresh decline, the price might find support near USD 40,000. The next key support is near the USD 39,200 level, below which the price may perhaps decline to USD 38,500.

Ethereum price

Ethereum price also started a decent recovery wave from USD 2,440. ETH climbed above USD 2,700 while a successful break above the USD 2,750 level may perhaps lead the price towards the USD 2,880 level. ETH is up 6% in a day and down 9% in a week.

If not, there could be another downward move below USD 2,600. The next key support is near the USD 2,550 level, below which the price might revisit USD 2,500.

ADA, BNB, SOL, DOGE, and XRP price

Cardano (ADA) spiked below the USD 0.80 support zone. It is now correcting losses and trading above USD 0.83. The main resistance on the upside is still near USD 0.85, above which the price might accelerate higher.

BNB is gaining momentum and was able to clear the USD 388 resistance and surpass USD 400. The next major resistance is near the USD 412 level.

Solana (SOL) is moving higher above the USD 85 support and is testing the USD 88 resistance, above which the price might rise steadily towards the USD 95 level.

DOGE cleared the USD 0.120 zone. If there is a decent upside correction, the bulls might test the USD 0.125 resistance. If not, it could decline and test USD 0.115.

XRP price is rising towards the main USD 0.75 resistance level. A successful close above USD 0.75 could open the doors for a steady increase. The next major resistance might be near USD 0.80.

Other altcoins market today

Multiple altcoins are up over 5%, including LUNA, UNI, LEO, XMR, ZEC, NEXO, AR, KSM, KDA, DASH, and YFI. Out of these, LUNA rallied over 17% and surpassed the USD 90 level, erasing all its weekly losses, while XMR jumped 25%, surpassing USD 200 and increasing its weekly gains to almost 14%.

Overall, bitcoin price is showing positive signs above the USD 41,000 level. If BTC gains pace for a move above USD 41,500, there could be a stronger bullish wave.

Essential Steps to Take Before Investing in Cryptocurrencies

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March 7, 2022

Essential Steps to Take Before Investing in Cryptocurrencies

The knowledge of cryptocurrencies has grown exponentially over the last few years. Despite the increase in knowledge, one still cannot tell if it is profitable to invest in a cryptocurrency. It’s a complex, involved industry that’s notoriously difficult for newcomers to navigate. It can be very challenging to make money in the crypto world, from volatile markets to scams.

However, if you take steps to prepare yourself properly and do your research, you’ll have a much better chance of success. Here are some essential steps to take before diving into crypto investing.

Learn About the Different Types of Cryptocurrencies

Bitcoin is just one type of cryptocurrency, but there are many other types like Ethereum, Bitcoin Cash, Litecoin, and Ripple. Cryptocurrencies use blockchain technology to record transactions, which means each transaction must be verified and recorded on a public digital ledger called a blockchain before it can be completed. That’s why it’s called crypto because the transactions are encrypted using complex mathematics that prevents anyone from hacking into them.

Define Your Investment Goals and Risk Tolerance

Investing in cryptocurrencies is similar to any other type of investing — it’s wise to have a strategy. Determine what you hope to achieve by investing in cryptocurrency, how much risk you’re willing to take, and when you plan to exit the market.

For example, if you want to invest in cryptocurrency for long-term growth, consider setting up an automatic buy with a dollar-cost averaging system that automatically buys more coins as time passes. Another option is learning how to buy shiba inu coin in UK, to be familiar with trading currency, and get to know one of the largest digital assets on the crypto market. This way, you won’t worry about timing the market and investing over time instead of all at once.

Choose an Exchange

If you’re serious enough about crypto to invest, you should take the time to find a reputable exchange. There are many options, but they’re not all created equal. Look at the exchange’s reputation and legal status before putting any money into its wallet.

In addition to the standard features you’d expect buying, selling, and exchanging crypto, some exchanges offer advanced features like margin trading. Margin trading allows users to borrow money from the exchange to trade larger amounts of crypto than they could otherwise afford on their own. It carries additional risk, and it isn’t recommended for beginners.

Learn How You Will Store Your Coins

You can use online wallets or mobile wallets that connect to the internet. On the other hand, you can use cold storage methods that don’t require an internet connection to store your coins securely. But if you’re starting with crypto, using an online or mobile wallet is the most convenient option because they are typically free and easy to set up.

Understand the Basic Concepts & Terms

Before getting started in cryptocurrency, one must understand the basic concepts and terms used in crypto trading. It is also essential to know how online trading platforms work and how to use them to profit through crypto trading.

Understand Technical Analysis Concepts

As an investor, understanding technical analysis concepts will help you understand the market behavior of various cryptocurrencies and how to trade for profit. Technical analysis is a method that attempts to predict future price movements based on historical price patterns and volumes.

Technical analysts believe that the historical performance of stocks and markets are indicators of future performance. If a stock has risen or fallen drastically before, it will tend to rise or fall again in the future.

In Conclusion

These are just some basic steps to take when starting down the road of crypto investing. Don’t dive in before researching the market and doing your due diligence on your investments. The crypto markets are still relatively new. Research helps you identify potential scams and ensure you don’t invest in weak or overvalued projects.

Bitcoin Price Flashes Bearish Signals for revisiting $ 36K

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March 7, 2022

Bitcoin Price Flashes Bearish Signals for revisiting $ 36K

The Crypto space and the Stock market continue to remain extremely volatile may be due to external factors. The BTC price which had surged above $45,000 since the beginning of the month, plunged drastically and now displaying a huge possibility of visiting lower support below $35,000 very soon. However, a drastic pullback may also drag the price too as low as $32,000 in the upcoming days. And hence indicating that the current phase may be a pretty good time to short Bitcoin.

As Coinpedia reported earlier that it was not the right time to buy Bitcoin. Mainly because it may fake a flip from the downtrend. And hence, conversely, it may be the right time to short BTC as there are huge possibilities of the asset reaching lower lows shortly. A popular analyst lets out the trading plan for the upcoming week.

#BTC – Plan going into next week

– Price tapped a H1 demand over the weekend. If we can reclaim the swing high, may look at a long into a lower high.

– Looking for shorts if we do get an early week rally

– Looking for swing longs ~32k

Lights out if we lose D3 demand. pic.twitter.com/dW03FkqCXU— CJ (@IrnCrypt) March 6, 2022

Analyst says that the BTC price is tapped into the lower levels in between $38,000 to $40,000 over the weekend. Therefore, if the asset manages to swing from here, then a notable lower high may be expected. Else, a significant downtrend may be continued throughout the week until the price plunges close to $33,000. And here is when one can expect a significant bounce towards $44,000.

As predicted by many, the Bitcoin(BTC) price may yet again slip down after hitting the $44,000 levels, yet attempt hard to sustain above $40,000. However, if in case the asset continues to plunge beyond $33,000, then there may be fewer chances of a rebound. Moreover, the asset may further remain restricted below $35,000 for quite a long time.

Solana (SOL) Price and TVL Falls More Than 50%

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March 6, 2022

Solana (SOL) Price and TVL Falls More Than 50%

Solana’s decentralized application (Dapp) deposits have fallen by half.
Solana Ventures teamed up with FTX and Lightspeed Ventures.

So far, the overall market value of cryptocurrencies has plummeted by 21% to $1.78 trillion, a bad start for 2022. The year-to-date decline in Solana’s (SOL) stock price is a staggering 48.5%. More than two-thirds of SOL tokens in circulation are held in Solana’s staking pool, worth $35 billion. Network failures in 2021 and early 2022 have been cited as a factor in the underperformance.

DDoS attacks were blamed for the most recent outage, which occurred on January 7, forcing Solana Lab engineers to upgrade their code and, as a result, deny any further requests of this kind. On the other hand, investors are more worried about the centralization of the Solana validation process. As a minimum, a 12-core 2.8GHz CPU, 256GB RAM, and two 1TB solid-state drives are required to reach 400-millisecond block timings.

Rival-Terra (LUNA) Gains

Decentralized application metrics such as total value locked (TVL) began to decline earlier this month while the network’s total value remained $15 billion. Solana’s decentralized application (Dapp) deposits have fallen by half in the last three months, reaching their lowest level since September 8. According to Fantom’s TVL, which has doubled in the last three months, the company’s TVL presently stands at $9.5 billion. Terra (LUNA), a Dapp scaling solution rival, reported an 87% increase in TVL to $23.2 billion.

A new blockchain gaming unit was unveiled on February 21 by FTX.US, the U.S. arm of the worldwide crypto derivative and spot exchange. On November 5, Solana Ventures teamed up with FTX and Lightspeed Ventures to create a $100 million fund devoted to the industry.

Dapp consumption metrics may be used to see whether the decline in TVL is a cause for worry. The value put in certain Dapps is irrelevant since they do not need a lot of money to run. The Solana price today is $88.36 USD with a 24-hour trading volume of $1,271,187,042 USD.

Bitcoin, Ethereum and Helium Price Analysis

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March 6, 2022

Bitcoin, Ethereum and Helium Price Analysis

The blocking of SWIFT for Russians, has also boosted Bitcoin activity in the country.
Ethereum has gained 1.65% in the previous 24 hours.

After a long string of losses, the global crypto market has reversed direction. Consequently, there was an increase in uncertainty and a subsequent decrease in its value. To offer a semblance of stability to other currencies, Bitcoin grabbed the lead. Bitcoin’s bullishness aided the rise of Ethereum and Binance Coin, and other cryptocurrencies soon followed suit. CBDCs have gained popularity in recent months, and the latest controversy has heightened that popularity even more. In recent times, China has been referred to as the country that intends to compete with Bitcoin and other cryptocurrencies with its own digital currency.

Bitcoin (BTC)

The recent surge in Bitcoin’s value has given the crypto market advantage over the stock market. Because of the rise in Bitcoin’s market capitalization value, investors have stepped up their investments. The blocking of SWIFT, a life-or-death scenario for Russians, has also boosted Bitcoin activity in the country.

Ethereum (ETH)

As Bitcoin’s price has risen, Ethereum’s has gained 1.65% in the previous 24 hours. The seven-day gains have been strengthened by the improvement, reducing the worth of bearishness. According to the most recent reports, they’re at -1.63 percent.

Helium (HNT)

It was a terrible time for Helium since the market was losing ground. A consistent decline in its value may be seen in its weekly performance of -8.10 percent. A 24-hour performance analysis shows a gain of 4.36% throughout the period in question. As of this writing, its current price stands at $21.96, and it is ranked 47th in the world.

LUNA And AVAX Price Analysis

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March 6, 2022