Author: dfmines

Bitcoin market dominance continues to decline as the markets make their way back up the charts. The top cryptocurrency has seen its market share consistently dropping as investors get interested in altcoins. Over the five years since it has been in operation, Ethereum now has a bit under half the market dominance of the digital asset. This has translated to altcoins like Ethereum rallying despite what direction the price of bitcoin is headed. Now, once again, as is the same with all bull markets, the altcoins are breaking away from the influence of bitcoin. As the bull rally continues to rage on, alts are creeping up to steal more market share for themselves. Just this year alone, BTC has lost over 30% of market dominance. Starting out the year in the 73% range, to where it now sits at 44.13%. BTC market cap dominance down to 44% | Source: Market Cap BTC Dominance on TradingView.com Related Reading | Crypto Market Cap Inches Closer To $2 Trillion, What To Expect From The Market Although BTC continues to have the highest market cap of all, alts are seeing increasing numbers. Ethereum’s market cap has seen another upward trend that is sending the asset’s total market cap towards $400 billion. Coming hot on the heels of the London Hard Fork that brought increased interest into the asset. Total Market Cap Hits $2 Trillion The crypto total market cap took a severe beating down three months back when it crashed down from its all-time high of $2.4 trillion. Spending the last three months in a perpetual state of sluggish movement that looked to be the beginning of a brutal bear market. Total crypto market cap hits $2 trillion for the first time in months | Source: Crypto Total Market Cap on TradingView.com A bounce back in the prices of cryptocurrencies all across the market has seen the market cap recover. Breaking the $2 trillion mark for the first time since the crash and now, indicators show that the market could be on its way to breaking the record high. The rebound in the crypto market cap has now seen renewed interest in the market. Bitcoin and altcoins alike have rallied in the past couple of weeks, leading to a breaking of $2 trillion. More projects are fueling the interest of their investors.  Projects like Cardano and Ethereum continue to be top of mind in the market. Their continued dedication to making their network optimal drives continued faith in the market. Altcoins Will Rally With Or Without Bitcoin The market dominance of BTC shows that altcoins are on their way to being completely independent of what is happening to the top crypto. Prices of cryptocurrencies have historically always rallied behind bitcoin. But it seems that that era is coming to an end. Related Reading | Why A Shocking Altcoin Season Could Be On The Horizon Soon, some altcoins will have taken enough market share from bitcoin to put them on almost equal footing. This will mean that the prices of these alts with high market dominance will also determine the direction of the market, regardless of what direction BTC is facing. This is why “alts season” is a popular saying in the market. Every time altcoins take market share from the top cryptocurrency, the market sees a rally in the prices of alts. Whereas at the same time, the price of bitcoin could be stagnant or even be experiencing a downward trend while alts record massive gains. Featured image from Personal Financial, charts from TradingView.com

Recently I was permanently banned from r/Bitcoin for essentially no reason. A user wished to discuss blockchain technology, and all the other comments were saying how useless blockchain is and how Bitcoin is the only thing that matters. I left a comment and mentioned that this was not the right place for his discussion, and…
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Seriously, people are out here putting in $1k-$10k and I thought I was doing good putting in $50-$100 at a time lol. People are putting thousands of dollars meanwhile I'm thinking 10 times while putting my 50 bucks lol. Life is not fair, but I'm doing my part here 😎 P.S. buy ETH submitted…
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I have no intention to sell my ETH but I check the charts every 20-30 minutes. I guess this has become an addiction for me. But the good thing is I quit most of my addictions thanks to Crypto. Now Crypto has become by biggest addiction. submitted by /u/666CryptoGod420 [link] [comments]

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The blockchain industry has experienced a significant transformation in the past two years with NFTs and DeFi becoming the norm. This development has caused major problems on the growth potential of Ethereum with high gas fees, slow transactions, and limited scalability. Metis DAO has emerged as a Layer 2 Ethereum scaling solution building a highly scalable protocol for next-generation dApps. In addition, the blockchain platform has established key partnerships, new products and created the first-ever community minted NFT project. Metis has also developed its unique middleware called Polis that enables developers to perform smart contract integration functions. Polis is expected to bridge between Web 2.0 and Web 3.0, allowing developers to build applications more efficiently. We explore some of the upcoming developments within the Metis DAO ecosystem for the remaining four months of the year. Public testnet launch Metis intends to launch its testnet to the public at the start of September 2021. This development will enable community members and developers to create their own Layer 2 DAC. bridge real assets from Layer 1 to Layer 2 and access other features. The launch of the public testnet will also unlock staking and mining features on the Metis DAO blockchain. Community members can join together in a single DAC to reap higher mining powers and earn more rewards from yield farming pools. Metis also intends to increase the functions of its existing Ecosystem Development Program once the public testnet is launched. Metis has designed the development program to provide funding, technical, and marketing assistance to new projects. Two projects have successfully applied for the program and include a third-party swap platform and a Launchpad DApp. With the launch of the public testnet, DAC members would be able to stake $Metis tokens to mine these new project tokens. In addition, they will also be able to vote to decide a consensus on whether they want to invest in these projects in exchange for their tokens. These improved functions are part of the evolution of Metis DAO, and more projects are expected to be announced in the future. Worldwide Hackathon Metis DAO is also planning for its first-ever hackathon. The blockchain protocol will partner with the Ethereum community to educate about the benefits and features of Metis. In addition, the hackathon will attract developers and projects that will be incentivized to build on the Metis ecosystem. Some of the incentives include token grants, technical and marketing support, community building, and access to VCs and investors. Metis expects the hackathon to place its platform as one of the top layer 2 protocols in the blockchain space. Mainnet Pioneer version Metis intends to release its first Mainnet version in October. The Mainnet v0.1 will enable more real assets to be transferred between Layer 1 and Layer2. This functionality will ease the process of building and using Metis Layer2. In addition, projects and communities will create Layer 2 tokens and leverage the DAC framework for quick launches and community building. Metis will also integrate third-party cross-chain bridges that will validate transactions and shorten withdrawal times. The Polis middleware will also be upgraded to offer more functions and templates, making management and launching dApps faster and more convenient. Metis will also onboard more partners in diverse fields including DeFi, NFTs and DAOs. These developments will help achieve the goals of the blockchain platform to become an inclusive Layer 2 protocol. Metis will also drive the blockchain push towards next generational, web 3 solutions. About Metis Based on the spirit of Optimistic Rollup, Metis is building an easy-to-use, highly scalable, low-cost, and fully functional Layer 2 framework (Metis Rollup) to fully support the application and business migration from Web 2.0 to Web 3.0. Its scalable protocol supports a wide range of use cases, including yield farming, DEX trading, and powering the gig economy via DApps that offer cheap and fast micropayments. Metis integrates the Decentralized Autonomous Company (DAC) framework within its Layer 2 infrastructure, a differentiating factor that makes it easy for any developers, builders, or community leaders to build their applications and communities. It also makes it easy to use pre-set tools to facilitate their development, manage collaboration, and enjoy the network effects of the world’s largest decentralized finance ecosystem, without the costs and bottlenecks typically associated with Ethereum. Website | |Telegram Group |Medium| |Twitter| |Instagram| |Reddit|

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