The identity of the Mango “Hacker” who gained $100 million is exposed
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Fan tokens are becoming increasingly popular among cryptocurrency investors. They are an offshoot of the meme coin trend that saw various cryptocurrencies rally positively and now, these fan tokens have begun a trend of their own. The year 2022 is almost at its end but there are still good reasons why these fan tokens are a good thing to keep an eye on. Why Football Fan Tokens? Football fan tokens have taken the crypto market by storm over the past year. Coins like the Manchester City Fan Token and the Santos FC Fan Token have performed tremendously well, exceeding all expectations. But even though they have already grown so much, there may be more upside for these fan tokens. Related Reading: Why Crypto Market Sentiment May Present A Unique Buying Opportunity One of the major reasons behind the renewed interest in fan tokens is the upcoming FIFA World Cup. This is argued by some to be the biggest sports competition in the world where the official football clubs of different countries compete for the title. A large portion of the world’s population also tunes in for the competition. The FIFA World Cup 2018 held in Russia saw a total of 3.5 billion viewers around the world, and this year’s edition of the competition held in Qatar is expected to draw in an estimated 5 billion viewers. The sheer number of people tuning in to support their favorite clubs is a bull case for the digital assets. A good number of them are expected to see a massive upside when the World Cup begins in November. CITY trading at $5.7 | Source: CITYUSD on TradingView.com Already Seeing Upside The football fan tokens are already seeing some upside ahead of the start of the FIFA World Cup. Over the last 24 hours, the searches for the cryptocurrencies have been on the rise, resulting in them appearing at the top of the trending list on Coinmarketcap. Related Reading: Shiba Inu Adds Another Zero, Is It Time To Jump Ship? The Coinmarketcap ranks digital assets according to the number of searches on the platform and the Manchester City Fan Token (CITY) emerged as the most searched token for the last day. This put it at the top of the list. Another fan token, the Santos FC Fan Token (SANTOS) also appeared in 9th place on the top 10 most searched cryptocurrencies on the platform for the last 24 hours. These fan tokens are also not doing bad price-wise. In the last day, some of the tokens have even seen double-digit gains. SANTOS is up 8.20% and CITY is up 9.08%. The FC Porto Fan Token is up more Ethan 17% in the last 24 hours, and so is the Portugal National Team Fan token. Featured image from MARCA, chart from TradingView.com Follow Best Owie on Twitter for market insights, updates, and the occasional funny tweet…
Oasis Network recently launched the Sapphire Paratime– the industries first and only confidential EVM. We just published an RFP for Sapphire Confidential Token Standard. Please feel free to contact me with any questions, or if you're interested in building on Sapphire. Motivation A confidential fungible token (CFT) that hides at least one of {sender, recipient,amount}…
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Turkey’s gold imports of just over 39,000 kilograms in September 2022 are more than 16 times the quantity that was brought into the country in September 2021. The surge in Turkey’s gold imports is reportedly being spurred by the rise in demand for the precious metal by individuals and entities using it in foreign currency […]
How many scams are we up to now this year? I'm first in line to say crypto is great and all….but…. How many have you had to eat this year? I'm currently at 2: Celsius and YieldNodes. Anyone beating me? If so, how much did you risk/lose? I put 1,400 into Yield Nodes and withdrew…
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LDO price shows strength for the first time after post-merge. LDO bounces from the downtrend, hoping to end its bearish run as the price eyes a possible breakout from the downtrend line. The price of LDO shows bullish signs as price trades below 50 and 200 Exponential Moving Averages (EMA) with good volume. The price of Lido DAO (LDO) has been one of the best performances before the “Ethereum Merge,” outperforming the market as the price rallied to an all-time high of $3 against tether (USDT). Although the crypto market faced a new drawback as Bitcoin (BTC) price dropped from a region of $19,000 to $18,100 as the Consumer Price Index (CPI) suggests an increase in inflation affecting the price of BTC negatively with altcoins affected, with recovery from BTC altcoins like Lido DAO showed some strength as the aim to begin a rally. (Data from Binance) Related Reading: Quant (QNT) Holds Gains When Top Cryptos Plummet Following BTC Lido DAO (LDO) Price Analysis On The Weekly Chart Although the crypto market experienced a sharp decline due to the CPI news, the market appeared to be manipulated as Bitcoin’s (BTC) price dropped from $19,200 to $18,200 in hours. The market quickly recovered as most altcoins began to show strength, with LDO looking to breakout of its downtrend that has made the price become crippled to rally. With the current rise in the value of Bitcoin Dominance (BTC.D) after a long while, it is still unclear how the current price bounce after the price decline will be sustained. With BTC.D rising, most altcoins will suffer an increased price decline when BTC retraces. Uptober has been a good month for some altcoins, with many expecting such good moments for LDO after the token returned to the ashes after “Ethereum Merge” was successful. The price of LDO, after the rejection at $3, has seen for of a downtrend than an uptrend as the price has retained its bearish structure despite showing a little glimpse of price bounce to $2.2 but the price face more sell-off as the price declined to a region of $1 before bouncing off. Weekly resistance for the price of LDO – $2.2. Weekly support for the price of LDO – $1. Price Analysis Of LDO On The Daily (1D) Chart The daily timeframe for the price of LDO looks good, showing incredible strength as the price trades below the 50 Exponential Moving Average (EMA), acting as resistance for the price of LDO. LDO’s price currently trades at $1.3 as the price prepares to breakout the descending triangle it has formed. A breakout to the upside could signal a huge rally to the high of $2.2. Daily resistance for the price of LDO – $2.2. Daily support for the price of LDO – $1. Related Reading: Ethereum Price Pumps and Looks Ready For Another Leg Higher Over $1,400 Featured Image From zipmex, Charts From Tradingview
Decentralized stablecoin DAI, native to Maker protocol, might become a major leader in the sector over the coming years. The digital asset was the most stable of the stablecoin in a period of 9 months, according to research published by Best Brokers. Related Reading: Ethereum Name Service (ENS) Moves Silently With 20% Rise, Will Price Retest $27? A stablecoin is a digital asset whose value is pegged to the U.S. dollar in a 1:1 parity. The concept is controversial in the crypto industry, as some of the most popular and valuable stablecoins have de-pegged and become unstable at some point except for those tokens considered “too centralized” by the community. Users have been looking for a decentralized stablecoin for years, and with the failed Terra ecosystem, DAI might take this place and take over market share from the largest stablecoins, Tether (USDT) and USD Coin (USDC). DAI More Stable Than Any Other Stablecoin The study used data from Dune Analytics and explore popular stablecoins BUSD, DAI, FRAX, LUSD, USDC, and USDT. The research concluded that FRAX saw the least price deviation over the past 9 months. The digital asset was stable at 99.75% of these periods, followed by DAI at 95.73%, and USDC at 99.72%. LUSD was the most unstable with a 0.5% deviation from its $1 peg at 53% of the 9-month period. Of the stablecoins in the study, DAI, BUSD, and USDC have never deviated below $0.995 to the downside and $1.005 to the upside. As seen in the chart below, Tether (USDT) was the largest stablecoin with the largest percentage in price deviation over the past 9 months at 0.78%. However, DAI took the top spot in the least deviation percentage from its peg. The decentralized stablecoin fluctuated 0.5% from its normal value, 0.27% of the 9 months probed by the study. Thus, DAI is the steadiest stablecoin deviating to only $0.99640185 of its 1:1 value with the U.S. dollar. USDC closely follows in the second place with a $0.9962163333 deviation. Tether showed the worst performance in the research with a deviation of $0.97, as seen in the chart below. Alan Goldberg, market analyst at BestBroker, stated the following on their results, and DAI’s potential to attract institutions purely based on its stability: DAI’s stability is considerable. A lot of corporate adopters would prefer having assets that aren’t volatile as they already have to deal with competition, inflation, market conditions, etc. Having that in mind makes DAI very serious competition to the likes of USDC. Related Reading: Uniswap Soars 14% In Last 24 Hours – Can UNI Slingshot Past $6? Stablecoins have been a controversial topic in crypto since the collapse of LUNA and TerraUSDT. However, the demand for a decentralized stable medium of exchange remains high with DAI poised to continue gaining relevance in this sector. Goldberg added: Although the DAI’s supply is low, compared to USDC, USDT and BUSD, it is still sizeable and makes it usable by big companies. When we consider both the low deviation and the most stable price, DAI can be considered as the most stable coin for the last 9 months and a serious contender to compete with the other ‘big’ stablecoins.
A bit of a vague-ish question because I'm still new to crypto, so bear with the vagueness of the question and hive me your personal not-necessarily-an-answer experience. For those who experienced the last bull run… When the ATH(ish) hit… When you realized, oh, shit, it's selling time – my crypto has gone up that much.…
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Over 98% of voting tokens favor the deal, which also stipulates that Mango Markets won’t pursue criminal charges.