Post got taken down on r/CryptoCurrency , so i know this might be the wrong place Not sure if this is a legal post, comments have directed me to ask someone to send me some on reddit. It's a wall in my way to get my reddit Moons coin out. Lacking on rent lmao, so…
Read more
I’m pretty confident that most people who have retired early or paid off a house probably aren’t hanging out on here but… With that being said, I’m curious to hear some real life tangible ways cryptocurrency has helped you. Have you indeed retired early? Did your gains help you pay off a house, maybe a…
Read more
The Cardano network is no stranger to accelerated growth but every now and then, there is a spike that causes the market to take a pause. This has been the case with the number of new wallets added on a daily basis which had reached a high of 7,600 new wallets added in a single day. While this is going on, speculations abound as to why the network is now seeing this rate of accelerated growth compared to when the market was still in a bull trend. More Adoption Coming The adoption of the Cardano network has been one of the reasons behind this increased interest in the blockchain. More users are coming to know Cardano as a major contender in the decentralized finance (DeFi) space, thus prompting them to start using the network. The result of this was not only had daily new addresses hit 7,600 in a single day, there had been more than 200,000 new addresses added to the network in the space of a month. Related Reading | The Young Turks Embarrass Themselves Trying To Discuss Crypto Regulation One solid reason behind this has been the adoption of the network for its NFT capabilities. Now, like with much else, the Cardano network offers cheaper and faster transactions compared to its biggest competitor, Ethereum. This has led some prominent figures to choose the network as the platform to launch their NFT projects. One of these is legendary rapper Snoop Dogg who announced that he would be launching an NFT collection on the blockchain. ADA price falls below $1 | Source: ADAUSD on TradingView.com No doubt the entrance of such a prominent figure into the Cardano space has spurred interest from followers of the superstar, who would want to take advantage of the network the rapper is using. Blockchain Insights also draws this same conclusion, tying the increased interest in the network to the rapper’s NFT launch. Today 7687 new ADA wallets per day. Hard to be certain what caused this massive spike of new ADA wallets per day but we will take a guess and attribut this to @The_ClayMates and @SnoopDogg partnership. https://t.co/MWDH2hCgeO pic.twitter.com/vWwZa7O4k6 — Cardano Blockchain Insights (@InsightsCardano) April 18, 2022 More People Building On Cardano The Cardano DeFi space is still very young compared to its competitors but that has not meant that the network has staggered in its growth. IOHK, the developer behind Cardano, in a recent report, revealed that there are almost 900 projects that are currently being built on the Cardano network, and what’s more, this number is growing by the day. Related Reading | Conquering Terrain: Terra’s Stablecoin UST Is Now Crypto’s Third Biggest This accelerated rate at which developers are building on the blockchain shows interest from different parties. These projects which are set to launch on the blockchain will no doubt make it one of the top contenders in the future. Cardano founder Charles Hoskinson has said that the network is “just getting started” in response to a tweet that shared the milestone of more than 100,000 wallets added in a month. The founder also recently proposed building a decentralized social media platform that would compete with Twitter on the Cardano blockchain, as well as other leading blockchains in the space. Featured image from CoinFunda, chart from TradingView.com
PRESS RELEASE. GensoKishi are excited to announce that $MV ( MV(Polygon)/USDT trading pair) will list on KuCoin at 2022-04-20 18:00 (UTC), a leading cryptocurrency exchange in the world. GensoKishi are going to have various campaigns to celebrate the trading pair listing. Know more details. Please check the CAMPAIGN page on KuCoin! About KuCoin KuCoin is […]
submitted by /u/SuddenBus [link] [comments]
Have you read about the U. S. Secret Service grabbing over a $100,000,000 of crypto? Here is an excerpt from the article: “When you follow a digital currency wallet, it’s not different than an email address that has some correlating identifiers,” Smith said in an interview at the agency’s headquarters. “And once a person and…
Read more
submitted by /u/Jon-Becker [link] [comments]
submitted by /u/Wise-Grapefruit-1443 [link] [comments]
THORChain (RUNE) has seen an important rally in the past month. The native token of this decentralized cross-chain bridge rose from its 2022 low at around $3 with 30% intra-day rallies to its current levels. Related Reading | THORChain Activates Feature, 30% Spike Follows, Can Bulls Sustain It? At the time of writing, RUNE’s price trades at $9 with an 11% profit in the past 24-hours and a 17% profit in the past week. According to analyst Alerzio from research firm Santiment, RUNE’s current rally has traders wondering if the token will be able to sustain its gains. The cryptocurrency could revisit its lows if the bulls are unable to push past the $10 in the short term or if the crypto market takes another bearish turn. The analyst believes that RUNE’s current rally has been “healthy”. As the price move upwards, the token’s trading volume followed standing at its highest since April 2021. In addition, the Weighted Sentiment, a metric used to measure market sentiment across social media platforms, suggests more gains. This metric stands in the negative as the token claims into its current levels which is a bullish sign. In the crypto markets, operators believe that prices tend to move opposite to the crowd’s expectations. Therefore, a negative sentiment suggests more gains for RUNE. The analyst said that “the greed is out” of the market, for the time being. In addition, the futures market seems to support the bulls as funding rates on Binance and FTX were barely returning from negative territory into positive on the recent price action. The analyst added: Binnance’s funding rate is positive (not too much) while FTX’s funding rate is about to get into the positive areas. this can be considered as a “not very good, but not too bad” signal. THORChain (RUNE) Potential Headwind For Future Gains The analyst believes that THORChain (RUNE) developer activity could be a long-term obstacle for RUNE’s price. He claims the project needs fresh ideas and proposals to sustain its momentum. The analyst concluded: RUNE’s previous rally was a healthy one. there is still some price potential in short term, but the outlook for long term hodling is not good enough because there is not enough development activity. However, THORChain introduced a major feature for its network recently called synthetics assets. This gives users the capacity to access tokens pegged to the price of BTC, ETH, and others. Related Reading | Top DeFi Names SUSHI, ThorChain, Others Surge 10% Higher Thus, users will be able to leverage new investment strategies and products. At the time, an official THORChain post stated: As a benefit, you will have access to yield generating vaults, and be one of the first users who will vest their funds. Minting synths will be capped and access will depend on how much liquidity is in the THORChain pools.
One month ago I posted a chart here that was picked up by Statista as an official report, showing that search term volume for NFTs was plummeting. Many people at the time counter-argued that search results are meaningless and that sales were as strong as ever. Today, Seeking Alpha reports: Sales on OpenSea, approached $5bln…
Read more
