What is Crypto Tokenization?
submitted by /u/tonafication [link] [comments]
submitted by /u/tonafication [link] [comments]
A day after the much-anticipated Merge, many cryptocurrencies have lost more than they gained. The entire market is red, and even the top performers are not showing signs of price gains. Many investors predicted a downtrend reversal after Ethereum’s upgrade to a proof-of-stake mechanism. But right now, the reverse is the case. For instance, the number one crypto has remained red in its 1 hour, 24 hours and 7 days price gains. Currently, the Bitcoin price is $19.659.95 representing a 2% loss in 24 hours. Related Reading: Ethereum Faces Test Of Survival After Merge, Can $1,400 Support Hold? September 16 data shows that Bitcoin lost 0.61% in 1 hour, 1.88% in 24 hours and 6.26% in 7 days. Apart from Bitcoin, Ethereum has lost more. ETH’s price is currently at $1,451.49, showing a move away from the previous $1700+. The Merge hasn’t resulted in the price push as many expected. But while many cryptos are recording pullbacks in prices, Cosmos ATOM has continued its gains. Cosmos ATOM Gains Amid Price Crash Cosmos ATOM price currently stands at $16.16 after adding 11.49% in the last 24 hours. The coin ranks number 20 on the CoinMarketCap crypto ranking. ATOM has recorded some price growth in this period, even when others struggle. Its price chart today, September 16, showed a continuous rise in green. There were some dips, but not to the red zone. For instance, ATOM’s price stopped at $14.65 on September 15. This morning, it rose to $14.73 and continued climbing until its current price of $16.16 at press time. Analysts studying the price movement have noted that ATOM highs and lows remained within the ascending channel trendlines. Also, the price recorded a bull break outside the channel and tapped a 200-day moving average before correcting to the midline and 20-MA, confirming each support. After testing the support, ATOM price continued its uptrend and is trading in the current range topside. Analysts believe it might retest the 200-day MA to flip its level to support. What Factors Are Pushing Cosmos Coin Many factors could be linked to the growth of ATOM. One such event is the move of many protocols from Terra to Cosmos Hub SDK. In early September, Delphi Digital announced it would build new projects on the Cosmos network. As more DeFi protocols and decentralized apps (DApps) flood the ecosystem and participate in its interchain security system, ATOM value skyrockets. The AMMs, DeFi, and DApps operating on the network boost staking and fees, thereby increasing stakers rewards. Related Reading: Why Cardano (ADA) Could Be Registering Another Decline, Analyst Explains Data reveals that ATOM offers 17.75% APY, and 66.75% of the coins in circulation are staked. Also, Cosmos is planning to launch a liquid staking feature that will increase buy pressure on ATOM when deployed in DeFi platforms across blockchains. All these increased activities in the ecosystem are pushing ATOM prices upwards. Analysts expect to see more gains as the network grows. Featured image from Pixabay and chart from TradingView.com
What the hell is up with the merge? The Ethereum foundation has been hyping us up with all this buzz about the merge for YEARS. News outlets have been incessant with all the news in the last month about “the merge”. I couldn’t wait, I FOMO’d in to ETH leading up to the merge and…
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1000 unique 👿 Scary Devils. Every character, trait, and Idea in the Scary Devil metaverse was hand-drawn, with over 300+ unique, original individual assets. ▶️ Scary Devils is built on the Ethereum blockchain. ▶️ Cost: It cost 0.025ETH to mint a Scary Devil ▶️ Utility: Scary Devils ownership means that you have a role a…
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Welcome to the Daily General Discussion thread. Please read the disclaimer and rules before participating. Disclaimer: Consider all information posted here with several liberal heaps of salt, and always cross check any information you may read on this thread with known sources. Any trade information posted in this open thread may be highly misleading,…
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I swapped to minerstat from cudominer a few days before the merge and was mining pretty well at 20 ravencoins per day. A few days later and now I can't mine because my PC keeps going into sleep mode when I leave it alone to mine. I'm mining with a personal PC since it's the…
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submitted by /u/OneThatNoseOne [link] [comments]
The Insurrection is a tactical battle game that is both free to play and play-to-earn. On the Binance smart chain, the game has a war zoned revolution-centric gameplay. https://preview.redd.it/d7uyvlziyao91.jpg?width=900&format=pjpg&auto=webp&s=abb09ca37a500d5fa35a28ac291cd938fa1504f5 The Insurrection is a multi-purpose game with a variety of earning options and an engaging gameplay. The game module was created with the express purpose of…
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submitted by /u/PillarOfJustice [link] [comments]
Bitcoin has seen fluctuating sentiment lately. With numerous dips and recoveries, it is no surprise that investors have had a hard time deciding on which side of the fence to sit on. However, while retail investors seem to be uncertain about the market, there has been some growth in both the funding rates and the open interest over the last week, showing that positive sentiment may be stabilizing. Funding Rates Recover Over the last couple of weeks, bitcoin funding rates have been consistently below neutral. This coincided with the times when the market was struggling, ushering in a new bear trend. But with the last week’s events, there has been a remarkable recovery in the funding rates. Related Reading: Displaced ETH Miners Seek Refuge In Ethereum Classic, Ravencoin Toward the end of last week, the funding rates had returned to neutral levels for the first time in one month. It followed the recovery in bitcoin’s price last Friday before it slid back down. The bitcoin funding rates have since lost their footing at the neutral territory but continue to maintain higher levels before the BTC recovery on Friday. Funding rates return to neutral | Source: Arcane Research What this shows is that there is still demand for both bitcoin longs and shorts. This means that while it does look to be swinging in the favor of the bulls due to the elevated levels, it is still an uncertain market. Additionally, last week’s recovery to neutral levels did not really change much about the current trend, as funding rates have now spent nine consecutive months at or below neutral levels. Bitcoin Open Interest Say ‘Short Squeeze’ Despite the decline in the bitcoin price, the open interest has not had a hard time of it like the rest of the market. Instead, BTC-denominated open interest has hit multiple new all-time highs this year, leading to various short squeezes in the market. Open interest continued to see favorable market conditions as it hit a new all-time high of 421,000 BTC last Wednesday. Even the short squeeze that was recorded on Friday did not do much to bring down the open interest, which remained elevated at 418,000 BTC at the start of this week. Related Reading: Ethereum Merge Fails To Move ETH Price, $2,000 Remains Elusive The depressed market sentiment suggests that this elevated trend is unlikely to continue for very long. Bitcoin’s price decline also points to this, given that the elevated open interest coincided with a period of price recovery. It also means that bears have been in control of the market for the period where the open interest has been high. Bitcoin’s fall below $20,000 is a testament that short traders continue to control the market. Featured image from PYMNTS, charts from Arcane Research and TradingView.com Follow Best Owie on Twitter for market insights, updates, and the occasional funny tweet…