PrimeXBT is a Bitcoin-based multi-asset margin trading platform that, while built on the foundations of the traditional market, is geared towards diversifying advanced trading tools, instruments and products. The platform […]
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Changelly welcomes a new HoloToken (HOT) to the list of 200+ crypto assets available for smooth crypto swap and purchase. Starting today, users can seamlessly exchange HOT at both floating and fixed rates.
Holo is a bridge for hosting decentralized applications (dApps) created on the Holochain platform. According to Holo’s green paper, “Holo takes hosting of sophisticated social applications out of centralized data centers to the edges of the Internet where our devices live. It makes self-scaling infrastructure a reality through peer-to-peer architecture, which automatically performs load-balancing and load-sharing across thousands or even millions of peers”.
Initially, an ERC-20 HoloToken (HOT) was used as an IOU (I-Owe-You) instrument during Holo’s Initial Token Offering (ICO) in 2018. The attracted funds were used for the development of both Holo and Holochain platforms. Once the Holo project steps into the Beta release, HOT tokens will be 1:1 replaced with HoloFuel – a token that is designed for microtransactions that will be used as a reward for hosts.
“It is so exciting to see such a truly dedicated project on the Changelly platform. Welcome to the family, HoloToken.”
Changelly’s CEO, Eric Benz.
Holo is a peer-to-peer distributed platform for hosting decentralized applications built using Holochain, a framework for developing DApps that does not require the use of blockchain technology. The goal of Holo is to serve as a bridge between the broader internet and apps built using Holochain, offering an ecosystem and marketplace in which DApps are easily accessible, as they are hosted on the internet by Holo network participants.
The Holo network will be facilitated using a token called HoloFuel, which is actively being tested and will act as an accounting system to pay hosts for their services. In 2018, the project minted an ERC-20 token, HOT — also known as HoloToken — as an “IOU” that will be redeemable for HoloFuel upon launch. Holo is still in development and is expected to launch for open alpha and beta testing by 2021.
Learn more about Holochain:
Website: https://holo.host/
Twitter: https://twitter.com/H_O_L_O_
Reddit: https://www.reddit.com/r/holochain/
Telegram: https://t.me/channelholo
Changelly provides an ecosystem of products and services that enables customers to have a one-stop-shop experience when engaging with crypto. Operating since 2015, Changelly acts as an intermediary between crypto exchanges and users, offering access to 200+ cryptocurrencies that can be effortlessly swapped within 10 minutes on desktop and on the go via Changelly mobile app.
In 2020, Changelly branched out to accommodate the needs of traders. PRO has been built as a platform focused on the customer’s needs, effectively enabling retail buying and selling digital tokens and coins. Piggy-backing on the great support system found within Changelly, Changelly PRO will provide the community with high limits, effective pricing, fast execution and 24/7 live support.
Learn more about Changelly:
Changelly: changelly.com
Changelly PRO: pro.changelly.com
Twitter: twitter.com/Changelly_team
The post It’s Gonna Be HOT: Changelly Lists Holo’s HOT Token appeared first on Cryptocurrency News & Trading Tips – Crypto Blog by Changelly.
The industry keeps moving forward, and so does Changelly. We are constantly improving our services and enhancing the ecosystem of Changelly’s products to bring you the best crypto experience. Today, we will explain how to swap cryptocurrency on the Changelly instant exchange platform and become a proud crypto HODLer in just several minutes. This tutorial consists of two parts: 1) How to exchange crypto at a fixed rate; 2) How to exchange crypto at a floating rate. Here we go.
The registration won’t take you more than 2 minutes. Just click the green “Sign up” button in the upper right corner of the website. You will be offered to create an account using your email address or Google/Twitter/Facebook account. Choose the option that suits you best and return to the exchange window to set up your crypto preferences. We choose the trading pair of USDT/DOGE in this example. Today, we want to exchange 150 USDT (Omni) for DOGE.
Since we have been in the cryptocurrency industry for more than 6 years, we know (and hope you do too) that the crypto market suffers from great volatility. It means that cryptocurrency rates are constantly changing and may sometimes change drastically within an hour/day/week/etc. The Changelly team created two features that help you use the chaotic power of crypto volatility: exchange at floating or fixed rates.
When swapping crypto at a floating rate, the final amount of exchanged cryptocurrency might change due to uncontrollable market movements. This means if the market at the moment of your crypto exchange turns red (declines), then the amount of cryptocurrency that will appear in your wallet might be lower than the estimated one.
Every trader, whether it is a crypto newcomer or a professional, should understand that volatility is a part of the game, and no one can control it.
When swapping crypto at a fixed rate, the final amount of exchanged cryptocurrency will remain the same as the estimated one regardless of the market’s movements. This means even if the market turns red, the final amount of exchanged cryptocurrency won’t change.
Let’s take a look at how to exchange USDT to DOGE at a fixed rate. Once the preferences are set, click the “Exchange now” button.
You will now see an estimated amount of your crypto exchange. Click “Transaction details” to observe the essential details about your transaction, such as an exchange fee, network fees, and an estimated time that will take crypto to arrive in your wallet.
Since we have chosen an exchange at a fixed rate, we need to provide two crypto addresses: the DOGE wallet address and the USDT wallet address. The latter is required for a refund process. If there are any technical issues during the crypto exchange, we will return your funds to the provided refund address. Once done, click the “Next step” button.
Note also: if you don’t have a hardware cryptocurrency wallet, you might like to see the list of reliable Changelly partners and choose a secure digital wallet for crypto storage. We partner with such crypto veterans as Exodus, BRD, Exodus, Ledger, Trezor, etc.
We are almost there! Before the transaction confirmation, please double-check all the details. We kindly remind you that blockchain transactions are irreversible. Therefore, when dealing with cryptocurrencies, you have to be careful and attentive to all of the transaction details.
Well, this looks good. Click the “Confirm and make payment button”.
Send the exact amount from your wallet or the exchange account to the following address. Please note that you have around 15 minutes to complete the payment (when exchanging crypto at a fixed rate).
The transaction processing usually takes from 5 to 30 minutes. However, if there is congestion within a blockchain (which means the network is overloaded), then it might require a longer time to process the transaction. Either way, if you have any questions regarding your transaction, you can always contact our Support Center that works 24/7 and will be glad to help.
The first step in exchanging cryptocurrency at a floating rate is similar to the crypto swap at a fixed rate: you need to create a Changelly account with an email address, Google/Twitter/Facebook account. Since we’ve already done it, let’s head straight to Step 2.
When exchanging cryptocurrency at a floating rate, you need to enter only one wallet address (to which you want to receive an exchanged crypto). Please, see the transaction details to be sure you agree with all the fees charged in the process.
The Changelly Exchange window always shows the minimum amount required for the crypto swap. However, it is vital to consider transaction fees that your wallet might charge you when you transfer your funds to Changelly.
Before you send your funds for an exchange, please make sure that all the transaction details are correct. Once done, click the “Confirm & make payment” button.
Please note that we might ask you to pass the KYC procedure for security purposes. It is highly recommended to read our article Why pass KYC.
It is time to send the required amount from your wallet or exchange account to the following address. When exchanging crypto at a floating rate, you have around 36 hours to complete the transaction, otherwise, it will be canceled automatically.
We want to underline that it is essential to understand the fact that your wallet might charge an additional transaction fee for transferring your funds to Changelly. In this case, if you set a minimum amount (required by Changelly) and don’t consider the transaction fees charged by your wallet, the final amount of your funds might not be enough to process the transaction.
Once the blockchain processes your transaction, you will see the following window.
The transaction processing usually takes from 5 to 30 minutes. However, if there is congestion within a blockchain (which means the network is overloaded), then it might require us a longer time to process the transaction. Either way, if you have any questions regarding your transaction, you can always contact our Support Center that works 24/7 and will be glad to help.
If you have any further questions, please feel free to leave us a message in the comment section below. Best swaps!
We kindly ask you to pay attention to cryptocurrencies’ rates. Changelly does not use CoinMarketCap-like aggregators as a reference point of the current rates. The coin price always depends on the market depth and volumes you are trying to sell or buy. We exchange the exact crypto amount, not the fiat equivalent. So, it cannot be used as a reference while checking crypto amounts.
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The post How to Instantly Exchange Cryptocurrency on Changelly appeared first on Cryptocurrency News & Trading Tips – Crypto Blog by Changelly.
Before investing in cryptocurrencies, it is essential to determine the type of trader you are and the market analysis strategy you want to use to make your trading decisions. Some […]
The post Fundamental Analysis in Crypto Trading appeared first on Cryptorials.
NFT’s, for sure, are revolutionizing the way gamers think about online gaming. With the global gaming industry clocking in upsurged growth, it is automatically paving the way for adopting novel technologies. Blockchain technology in gaming, driven by NFTs, is unique, rare, and indivisible. The Non-Fungible tokens facilitate ownership, interoperability, and immutability driving mainstream adoption and an equitable value model.
PocMon ($PMON) is a radical meme-based, decentralized community project in Binance Smart Chain. The project has been inspired by Pocket Monsters, designed to give maximum power to PocMon trainers. The project is driven by community needs, and the evolution of PocMon can be divided into three segments.
PocDEX is dedicated to developing and implementing PocMon decentralized services such as Marketplace, PocMon Lootballs, and Auctions.
NFT gaming ecosystem - The central ‘to-go' principle of the platform is to make the Gaming NFT ecosystem synonymous with PocMon. The ecosystem has some promising ventures coming up that include the NFT trading card game, BSC Blockchain Games NFT store, PocGame Swap, and much more.
Community development - The third stage of evolution is related to PocMon trainer’s community development. It also aims to tackle significant issues of today with PocMon Merch game launch, charity, etc.
How does it work?The PocMon platform boasts a unique deflationary mechanism that works in three directions: Automatic LP acquisition, Reflection, and Burn. The transaction is being taxed a 10% fee, out of which 5% is redistributed to all the existing holders. Half of the remaining 5% is exchanged to BNB and paired with $PMON.
The automatic Liquidity Pool ensures a solid price floor. Passive rewards also motivate the holders not to sell their coins to achieve the highest level of earnings. The manual burn process also has been made transparent, starting with the team’s tokens burn before the launch.
PocMon NFT marketplaceStill, in its beta version, PocMon provides the team and community contract to support NFT creatives. It aims to be the #1 platform for trade and exchange of gaming NFTs on BSC. The marketplace will boast massive growth, considering the popularity of blockchain games. PocMon also ensures an easy-to-follow, more minor complex UI for conducting auctions. The artists and designers selected from the PocMon trainer’s community will be invited to release their first PocMon branded NTFs and NFT game cards.
The PocMon NFT marketplace will also be the first marketplace that will have the buyback function implemented. This will be a boon to creators who will be assured of their royalties. They will receive a particular percentage on each sale of the NFT. By making it less complex and easy to adapt to the marketplace interface, operational costs associated are lesser, making it cheaper than any other NFT marketplace for minting NFTs. PocMon already has a vast repository of credible artists on its platform and has amassed a large following to the tune of 5 million. The Growth prospects are enormous, and PocMon NFT Marketplace will be a pioneering effort to take this forward.
NFT Gaming ecosystemPocMon’s NFT trading Game will be a boon to the gaming industry because it will attract many. Blockchain gaming is an attractive proposition because it is different from traditional games that exist centralized. The game assets represented by NFTs are interoperable across environments. With the PocMon NFT gaming ecosystem, NFTs will become more appealing and intuitive to mainstream consumers who could be less technically oriented.
Other offeringsBlockchain Games Store - One of the core benefits of gaming on the blockchain is the ability to exchange in-game assets without any intermediary.PocMon aims to become the exclusive partner of distribution for blockchain game developers on a broader note.
PocMon Merch - The to-be-launched store will unite PocMon trainers no matter how decentralized the community is.
PocMon mobile game - This forms a part of their well-thought-out strategy. The PocMon branded mobile game will have a $PMON wallet connected. The wallet, in turn, is connected because it helps fetch a variety of in-game earnings and enables quick $PMON withdrawals.
Disclaimer: This is a sponsored press release, and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
QuiverX and PAID Network will be partnering to bring safety and security to the QuiverX Ecosystem to insure you #GetPAID. PAID is a decentralized protocol offering users easy-to-use web and […]
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NFT Vision Hack is live! The global online Hackathon brings together some of the most talented NFT creators, game developers, artists and blockchain developers to push the boundaries of what is possible in the world of non-fungible tokens (NFTs). Each participant will receive all the necessary support to bring their projects to life, while they compete for prizes and grants across 4 different tracks: Build on the Rarible Protocol; NFT Payment Solutions; Gaming & NFTs; Scalable NFT Art Project.
The hackathon is supported by Rarible, Circle, IPFS, Filecoin, and the HM Government of Gibraltar, amongst others.
When: Registrations are open & the hackathon will last until 30 August.
Prizes: More than US$ 68,000+ and grants available for the winning teams.
The objective of the hackathon is to encourage the NFT community members to use their vision, technical skills, talent and resources to build innovative solutions around NFTs.
By offering a platform to connect NFT teams, talents, investors and protocols from around the world, NFT Vision Hack is leveraging crowdsourced innovation for the benefit of the future of NFTs.
The organisers, Indorse, Nifty Labs Gibraltar and Coinsilium invite all interested parties to join the online hackathon and push the NFT community towards new horizons and possibilities.
It’s all about NFTs. It’s open to all talents, wherever they are. See you soon!
How it works for participants:
Participants register & submit their solutions online on https://nftvisionhack.com. A panel of renowned judges evaluates the solutions based on various criteria
All shortlisted participants will present their solution during an Online Demo day & the winners will be announced the same day
FAQ: https://nftvisionhack.com/#faq
Disclaimer: This is a sponsored press release, and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
BitMEX, the popular cryptocurrency derivatives exchange, today announced that its open source developer grant program will soon be re-opened for new applicants.
The exchange started directly supporting Bitcoin developers in July 2019 with a $50,000 grant to Michael Ford. Since then BitMEX renewed Michael’s grant for another two years and has also supported other open source Bitcoin developers, such as Gleb Naumenko, Calvin Kim, Amiti Uttarwar, and Jeremy Rubin.
“Our support for these developers is very much long-term. Although the grant commitments are normally for twelve months, we are always looking to renew them and continue our support. We believe our track record so far demonstrates this. In the last few months it was announced that Amiti will be supported by Gemini and therefore her funding from BitMEX will end. We aim to identify new open source Bitcoin developer talent and support them financially for a few years. We are delighted that another exchange has taken over funding and we will look to attract new developer talent as a result.”
– The BitMEX Team
In the months ahead, the BitMEX team plans to identify one or two more open source Bitcoin developers to support; initially for twelve months but potentially for the longer term.
After successful application submission; the chosen developers will be interviewed by the Head of Research at BitMEX; as well as the developers building and maintaining BitMEX’s Bitcoin wallet.
Interviews are likely to take place in August with new grantees to be announced at the end of September.
For more information, check out the BitMEX grant page.
The post Crypto derivatives exchange BitMEX restarts open source developer grant program appeared first on CryptoNinjas.
InComm Payments, a payments technology solutions company, today announced that it has chosen Flexa, a cryptocurrency payments network, to offer its global brand partners a means to accept dozens of cryptocurrencies including bitcoin (BTC), ether (ETH), litecoin (LTC), dogecoin (DOGE), and Zcash (ZEC).
Through its new connection to the Flexa network, merchants already integrated with InComm Payments can now easily add in-store and online acceptance of cryptocurrencies using their existing point-of-sale hardware and software; all while receiving settlements in US dollars or the cryptocurrency of their choice.
The post InComm Payments connects with Flexa to offer merchants cryptocurrency acceptance appeared first on CryptoNinjas.
Price predictions have always been a stumbling block of cryptocurrency analysis. There are thousands of price forecast articles, even on our blog. Everybody reads, yet nobody truly believes it.
We’ve decided to explain what price prediction is actually about, and learn the basics of analysis. Spoiler: your high expectations may disappoint you.
Well, if we consider tarot cards or fortune-telling, the answer is definitely no. The first step a newbie takes is entering a ‘price-predictions-dot-com’-like website and getting the exact numbers. And then his investment dreams become shattered. Why?
The thing is that such websites use machine learning algorithms, which means that behind the numbers are formulas. Since the crypto market is highly volatile, these numbers can change every day (if not every hour). Machine learning has been successful in the case of stock price forecasts.
Cryptocurrency price depends on several things:
The price is not the issue we need to predict. However, we can analyze the charts to understand the trend.
In general, there are three types of price analysis: technical, fundamental, and sentimental.
So, in order to get the most exact prediction, we need to combine all these methods. However, it won’t work for short trading (since actually nothing works for short trading).
If you are new to crypto and don’t want to dive into the moving average things, here are 3 simple things to consider.
An obvious one, right? However, some people neglect this point. Why is it so crucial? You won’t believe it, but your brain and critical reasoning can do magic. If you dive deep into the project you want to invest in, it might help you not to lose money in the future (due to scams or immature documentation).
We all remember the events that happened after Elon Musk’s tweets (if you don’t, check it out). The main message is to follow all the financial experts or influencers who can make the market move.
3. Read the news a lot. We mean A LOT
If we speak in terms of fundamental analysis, there is a high chance that an event can cause a price drop or boost. There can be any kind of restrictions or acceptance all over the world. If you are updated on current crypto news, you can easily predict future price moves.
The thing is, we don’t need to predict anything. Since the crypto market’s nature is extremely volatile, you actually cannot get the exact price of Bitcoin in two months, three days, and five hours. However, if you understand the overall market situation, you will be ready for any market changes. Moreover, you will be able to guess the future price.
The post Cryptocurrency Price Prediction: Tips for Beginners appeared first on Cryptocurrency News & Trading Tips – Crypto Blog by Changelly.
Have you ever thought about price analysis? Our partner, Santiment, has written this article for you to evaluate risks and be ready for price changes. Learn how to be a professional player in the crypto market.
While many crypto investors rely on technical analysis in their day-to-day trading, there’s a growing roster of complementary indicators that can help traders identify potential entry/exit opportunities, spot market trends, and mitigate risk.
In this article, we’ll look at three heavily under-utilized metrics that can help you generate alpha, using on-chain data, social media activity, and GitHub information.
These and dozens of other cryptocurrency metrics are available on Sanbase, an all-in-one platform for crypto analytics and in-depth market research.
Let’s jump right in:
At Santiment, we gather a massive amount of information from crypto social media.
On a daily basis, our servers collect and parse tens of thousands of incoming messages from 1000+ channels dedicated to cryptocurrencies.
This includes Telegram groups, crypto Subreddits, vetted Twitter accounts, professional trader chats (many of them not indexed by Google), and many other sources.
Using this data, we’ve developed a number of unique indicators for Bitcoin and other cryptocurrencies.
A particularly promising metric has been Weighted Social Sentiment, which tries to visualize the average mood of all token-related mentions on a daily basis. For instance, pictured below is Bitcoin’s weighted social sentiment over the past 2 years:
Weighted Sentiment is powered by a machine learning algorithm that labels all daily coin mentions that we collect as either positive, negative, or ambivalent.
As seen above, it is pretty clear that extremely bullish sentiment has rarely been a friend to Bitcoin in the past.
In fact, a number of local price tops have coincided with an overwhelmingly positive mood towards Bitcoin, suggesting ‘peak greed’ and vastly overvalued market conditions.
On the other hand, several of Bitcoin’s price recoveries – like the one following the Coronavirus dump last year – originated from a predominantly bearish atmosphere, according to our social sentiment data.
We’ve actually performed several backtests on the potential impact of social sentiment on token prices. On a sample size of ~3500 events, early results showed that the price of digital assets tends to decline shortly after the coin reaches ‘peak’ bullish sentiment, but continues to grow the day after hitting ‘peak’ bearish sentiment.
On the whole, Weighted Sentiment is a must-use metric when trying to understand whether the market is becoming too ‘greedy’ or too ‘fearful’ on average.
To help traders monitor holder sentiment, we’ve recently introduced a new metric called Network Realized Profit/Loss (NPL for short), which measures the overall ROI of all daily coin transactions.
Let’s take BTC as an example. For each unit of Bitcoin, NPL takes the price at which it was last moved on the blockchain and assumes this to be its acquisition price. Once that Bitcoin changes addresses again, NPL assumes that it was sold.
As a result, major spikes in a coin’s NPL indicate that BTC holders are – on average – selling their ‘bags’ at a significant profit. On the other hand, a strong dip implies that Bitcoin holders are (again, on average) realizing losses, suggesting panic sell-offs and investor capitulation.
As you can see above, a number of Bitcoin’s price bottoms have been earmarked by major dips in the coin’s Network Profit/Loss, implying that people were selling their bags at a loss and signaling extreme fear in the market.
A few examples of this include Bitcoin’s February 2018 bottom, March 2020 bottom (the Coronavirus crash) as well as – more recently – the May 2021 crash, which became the largest-ever capitulation event according to NPL.
On the other hand, Bitcoin’s NPL has often surged during price rallies, pointing to regular profit-taking and a healthy amount of investor fear about the coin’s short-term potential.
When the price of Bitcoin continues to rise, yet its NPL remains (relatively) low, this can suggest that BTC holders are becoming increasingly ‘greedy’ in expectation of higher returns and may signal overvalued conditions.
A good example of this was the summer of 2020 – as Bitcoin broke above $11k for the first time in a year, there was a string of profit-taking spikes, suggesting healthy skepticism about the rally.
It wasn’t until Bitcoin’s NPL started to plateau – signaling a lack of profit-taking and an increasingly bullish bias</span> – that the price of Bitcoin started to waver, ultimately coinciding with a market-wide correction on September 1st:
Overall, Network Realized Profit/Loss is a great metric to help you understand the prevailing sentiment of most token holders.
Are they taking profits? Are they HODLing with confidence? Or are they selling at a loss? The answer can reveal a lot about the current state of the market, and a coin’s price potential moving forward.
Finally, while this last metric may not tell you where a coin’s price is headed in the next 24 hours, it is one of the most underrated indicators of any crypto project’s long term success.
Development Activity is an off-chain indicator that monitors any dApp’s month-to-month commitment to creating a working product, polishing its features, and staying true to its long-term roadmap.
At Santiment, we collect and parse hundreds of thousands of code-related events from Github repositories, and use this data to measure each Dapp’s investment in coding manpower over time.
If you are reading this sentence, post your favorite meme to this thread on Twitter.
When doing due diligence on a crypto project – and the potential of its native token – it may be a good idea to look for a long-lasting, steady increase in the project’s development activity over time and regardless of the price of its token.
For instance, Chainlink is one of the most established Ethereum-based projects, with a strong community and an ever-growing list of partners and integrations.
Unsurprisingly, Chainlink’s development activity shows consistent growth from 2017 onwards, with Chainlink devs continuing to push code through bull and bear cycles, stretches of price appreciation as well as major LINK corrections.
On the other hand, what you probably DON’T want to see is that most of a project’s development activity was recorded around its ICO days, and has been consistently declining since, suggesting a dying commitment to delivering a polished product.
Finally, these are just a few simple metrics that every crypto analyst should consider adding to its trading toolbox. If you’re interested in learning more, check out Santiment for these and many other on-chain, social, and development metrics for more than 1000 cryptocurrencies.
The post 3 Underrated Metrics That Every Crypto Analyst Should Use appeared first on Cryptocurrency News & Trading Tips – Crypto Blog by Changelly.
Bitcoin (BTC/USD) continued to confound traders early in today’s Asian session as traders await fresh market direction following extended sideways trading activity that has seen the pair confined to a relatively tight range. Traders recently encountered technical resistance around the 35951 level, representing a test of the 78.6% retracement of the recent depreciating range from 36675 to 32703.48. During the recent consolidation, bids emerged around the 33156.86 area, representing the 78.6% retracement of the appreciating range from 32703.48 to 35951. Stops were recently elected above strong selling pressure that was recently evident around the 35679.05 level.
If BTC/USD is able to resume its upward trajectory, traders will increasingly focus on areas that recently represented downside price objectives, including the 39444, 40847, 41322, and 44810 levels. Prior to the recent recovery, Stops were recently elected below a series of downside price objectives, including the 31676.16, 30950.63, and 30029.66 areas. Additional downside price objectives include 26980.02, 23052.90, and 22103.23 areas. Traders anticipate large Stops below the 28747.28 level, and their election could open a test of major technical support around the 27706, 27317, 27175, 26593, and 26235 areas. Traders are observing that the 50-bar MA (4-hourly) is bearishly indicating below the 200-bar MA (4-hourly) and above the 200-bar MA (4-hourly). Also, the 50-bar MA (hourly) is bullishly indicating above the 100-bar MA (hourly) and above the 200-bar MA (hourly).
Price activity is nearest the 100-bar MA (4-hourly) at 33863.58 and the 100-bar MA (Hourly) at 34372.87.
Technical Support is expected around 28747.28/ 27706.27/ 27175.66 with Stops expected below.
Technical Resistance is expected around 46000/ 51569.56/ 64899 with Stops expected above.
On 4-Hourly chart, SlowK is Bullishly above SlowD while MACD is Bearishly below MACDAverage.
On 60-minute chart, SlowK is Bullishly above SlowD while MACD is Bullishly above MACDAverage.
Disclaimer: This trading analysis is provided by a third party, and for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
Vertcoin, an open-source cryptocurrency created in early 2014, is now available on Changelly PRO. Starting today, users will be able to deposit the coin directly to their accounts and trade the VTC/BTC and VTC/BUSD trading pairs.
VTC is a fully open-source peer-to-peer cryptocurrency whose blockchain is maintained by a decentralized coalition of miners. It uses an ASIC resistant proof-of-work mechanism to issue new coins and incentivize miners to secure the network and validate transactions. The project was built using Bitcoin as a base and receives all of its updates – for example, VTC is currently in the process of doing the TapRoot upgrade that BTC has locked in earlier this month.
One of the key advantages of Vertcoin is how easy it is to mine. The process is extremely beginner-friendly, as the project provides users with a one-click miner. All one needs to start mining Vertcoin is their computer. VTC has a 2.5 minute block time, same as Litecoin. Verthash, Vertcoin’s mining algorithm, is similar to Ethereum’s Ethash, which ensures maximum distribution of hashrate. Verthash is considered to be the most advanced mining algorithm to date.
It was a pleasure working with Vertcoin’s team. We were honored to see the VTC community come together and raise funds for the listing on our platform – we are sure that this collaboration will benefit both of our projects.
ERIC BENZ, Changelly CEO
Having been around since 2014, Vertcoin is a team of volunteers who share a passion for cryptocurrency and the idea of decentralized exchange. All of their software is open-source. The coin’s codebase is based on upstream BTC. Vertcoin’s slogan is:
No Premine, No ICO, No Airdrop.
As the Vertcoin team states, every coin of their project has been mined in a decentralised GPU driven manner and all of their funding is community-driven.
Learn more about Vertcoin:
Website: vertcoin.org
Twitter: twitter.com/Vertcoin
Changelly provides an ecosystem of products and services that enables customers to have a one-stop-shop experience when engaging with crypto. Operating since 2015, Changelly acts as an intermediary between crypto exchanges and users, offering access to 200+ cryptocurrencies that can be effortlessly swapped within 10 minutes on desktop and on-the-go via Changelly mobile app.
In 2020, Changelly branched out to accommodate the needs of traders. PRO has been built as a platform focused on the customer’s needs, effectively enabling retail buying and selling digital tokens and coins. Piggy-backing on the great support system found within Changelly, Changelly PRO will provide the community with high limits, effective pricing, fast execution, and 24/7 live support.
Learn more about Changelly:
Changelly Website: changelly.com
Changelly PRO website: pro.changelly.com
Twitter: twitter.com/Changelly_team
The post VTC Has Been Listed on Changelly PRO appeared first on Cryptocurrency News & Trading Tips – Crypto Blog by Changelly.
Ethereum core developers have recently announced a new proposal for activating the London hard fork upgrade, with a new mainnet slated for August 4 that would include EIP-1559, one of Ethereum’s highly anticipated upgrades.
The EIP-1559 upgrade has proven to be a success after its Ropsten testnet two weeks ago. The upgrade, which is included in the Ethereum blockchain’s update codenamed London, is set to introduce a gas fee burn for every transaction, which will make gas fees (as measured by gwei) more predictable, thereby technically increasing the scarcity of Ether (ETH).
EIP-1559 is controversial for the Ethereum blockchain because it will make calculations on a transaction’s gas price easier to determine, effectively lowering the average gas price by eliminating false estimations per bid. However, this reduction in gas price is only effective in the short term, given that Layer 2 solutions and the pending completion of Ethereum 2.0 will also impact gas fees later on. The fee burn will also effectively reduce the supply of ETH, turning Ethereum itself into a deflationary asset and providing conditions for its scarcity down the line.
With EIP-1559, once the Ethereum mainnet gains enough traction in terms of activity, the burn rate will override the rate of issuance, creating a reverse friction for the asset, hence the deflationary character. The London hard fork also includes four other improvement proposals: EIP-3198, EIP-3529, EIP-3541, and EIP-3554.
The proposed mainnet activated was set for block 12965000, with an estimated activation time between 13:00 UTC and 17:00 UTC on August 4th. The proposal is still up for contention, however, and Tim Beiko, a coordinator working for various organizational researchers working on EIP-1559, posted the pull request on Github.
Beiko tweeted about the matter:
“Yep, unless someone objects in the next 24h, London should land on August 4th. A few client teams have [approved] it already, but we want to be sure no one has a serious objection. Keep an eye out.”
The improvement proposal was expected to activate sometime in mid-July, even as some concerns by the Ethereum community have suggested that it would be slightly delayed. After EIP-1559’s activation alongside the London hard fork, the next phase would entail the merging of Ethereum 2.0 in which the Beacon Chain will be docked to the Ethereum mainnet, allowing Proof-of-Stake to go live on the Ethereum mainnet.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
XDC, the utility token of XinFin Network, has been listed on both Changelly and Changelly PRO. From now on, users will be able to exchange the coin with over 200 cryptocurrencies already available on the platform at fixed and floating rates. Additionally, the XDC/BTC and XDC/USDT trading pairs are now open for trading on Changelly PRO.
XinFin Network is a hyper-efficient, enterprise-friendly, hybrid blockchain network that aims to combine the advantages of private and public blockchains. The project wants to maintain both a permissioned private state and a permissionless public state — the former to make sure all sensitive financial data can be kept secure, and the latter to make the blockchain transparent and verifiable.
XDC provides smart contract functionality and offers significant scalability advantages including 2,000 transactions per second, near-zero fees and instant finality. XinFin Network positions itself as a cost-effective and efficient platform for connecting real-world finance organizations to decentralized finance markets and has the potential to become the de facto leader for recording payment obligations.
XinFin Network is an excellent example of a project that not only has a brilliant idea behind it but is also run by a team of dedicated professionals that have the drive to achieve its goals. I’m happy that we can give more users access to XDC and am excited to continue working with this project in the future.
Eric Benz, CEO of Changelly.
XinFin Network is an enterprise-ready, open-source, hybrid blockchain protocol specializing in tokenization for real-world decentralized finance. The XDC token is the underlying utility token that powers XinFin’s hybrid blockchain, acting as a settlement mechanism for decentralized applications built on the hybrid blockchain. To date, use cases built around XDC are MyContract, TradeFinex, Karma, Land Registry, iFactor, BlockDegree and TurantPay.
Learn more about XinFin Network:
Changelly provides an ecosystem of products and services that enables customers to have a one-stop-shop experience when engaging with crypto. Operating since 2015, Changelly acts as an intermediary between crypto exchanges and users, offering access to over 200 cryptocurrencies that can be effortlessly swapped within 10 minutes on desktop and on the go via the Changelly mobile app.
In 2020, Changelly branched out to accommodate the needs of traders. Changelly PRO was built as a platform focused on the customer’s needs, effectively enabling retail buying and selling of digital tokens and coins. Piggybacking on the great support system found within Changelly, Changelly PRO will provide the community with high limits, effective pricing, fast execution and 24/7 live support.
Learn more about Changelly:
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Paul Veradittakit, a partner at crypto venture fund Pantera Capital, explained why the team invested in cross-chain liquidity protocol Unbound Finance in a post yesterday.
“Unbound presents a promising model for the open flow of liquidity across a myriad of DeFi products, laying the path for the highly-composable, cross-chain DeFi of the future,” he stated.
Launched earlier this year, Unbound is aiming to create capital-efficient products that are both native and composable to the DeFi ecosystem. The liquidation-free collateralization platform allows users to borrow interest-free loans against liquidity pool tokens as collateral.
Through strategic partnerships, the project is building native bridges to allow cross-chain transfers of its stablecoin and other synthetic assets.
Unbound will offer a suite of products to unlock liquidity from a diversity of automated market makers (AMMs) on different blockchains, including synthetic assets collateralized by liquidity provider tokens (LPTs), new liquidity pools cross-derived from multiple AMMs, financial instruments to compound yields, and returns, and more.
The protocol’s first flagship product is the UND stablecoin (pegged to the USD, collateralized by LPTs), which enables LPs to access some of the liquidity they have already locked into liquidity pools on AMMs like Uniswap. LPs can deposit LPTs (which they receive from AMMs in exchange for supplying liquidity) to the protocol and can take out loans in UND in exchange.
As per Veradittakit, the ‘AMM’ model is largely responsible for the explosion of “liquidity” on Ethereum. However, as the liquidity is locked up on the protocols, it becomes largely useless as the holdings cannot be used elsewhere.
But Unbound tries to solve this. “At a high-level, Unbound generates new synthetic assets using liquidity provider tokens (LPTs, which are given to liquidity providers in exchange for supplying liquidity to a protocol like Uniswap) as collateral,” explained Veradittakit, adding:
“These LPTs are generally not tradable but still represent a significant amount of value, meaning that without a derivative component, their value cannot be realized until they are redeemed for a share of the liquidity pool that they represent.”
The Unbound protocol currently supports AMMs like Uniswap, Balancer, MooniSwap, and Sushiswap. Strategic partnerships with EVM-compatible public blockchains, like Binance Smart Chain, Polygon and Harmony will support AMMs like PancakeSwap, DFYN, and SeeSwap, among others.
It is backed by leading venture capitalists in the blockchain ecosystem, including Pantera Capital, Arrington XRP Capital, CMS Holdings, Hashed, LedgerPrime, LD Capital, TRGC, ArkStream Capital, ZeePrime Capital, Future Perfect Ventures, Brilliance Ventures, Woodstock, Coin98 Ventures & GenBlock Digital to name a few.
The post Why this crypto VC bet on DeFi cross-chain liquidity tool Unbound Finance appeared first on CryptoSlate.
In the last few weeks, it seems that all crypto investors are talking about the Shiba Inu token (SHIBA) while the financial media are writing about it a lot. What is known about this cryptocurrency, and why is it called ‘the Dogecoin killer‘? In this article, we try to depict fully the current position of the new cryptocurrency on the market and what the future holds for it.
The SHIB cryptocurrency is a token of the Shiba Inu ecosystem, which from the very beginning received the nickname ‘the Dogecoin killer’. In a few weeks of its existence, the SHIB price has risen by 27,000%, although its rate still does not reach even one-tenth of a cent. This is the first token to be listed on the ShibaSwap decentralized exchange after its launch.
At the end of summer 2020, SHIB was released on the Ethereum blockchain as an ERC-20 token. In total, 1 quadrillion coins were created. Half of them were transferred to the Uniswap DEX, and the keys were destroyed. The second half of the coins was transferred to the founder of Ethereum, Vitalik Buterin. The creators of the project explain this as follows:
We were the first project to follow this path. Everyone should buy coins on the open market, ensuring a fair and complete distribution, in which developers do not own the tokens and cannot dump them into the community.
Vitalik Buterin burned 90% of the Shiba Inu tokens that were stored in his wallet by sending them to a non-existent address. In total, Butein destroyed 410 trillion tokens worth $6.5 billion. On May 13, Buterin donated $1 billion to fight COVID-19 in India. The developer transferred 500 ETH and more than 50 trillion Shiba Inu tokens worth about $1.14 billion to the India COVID-Crypto Relief fund at the time of the transaction. Buterin also promised to donate the remaining Shiba Inu tokens for charity, but for longer-term purposes.
The Shiba Inu project intends to become a full-fledged decentralized ecosystem. The main idea of the project is to give the community 100% rights to manage the protocol. The project is similar to Dogecoin and even parodies it, but the developers of Shiba Inu declare much more serious plans. At the moment, the entire Shiba Inu ecosystem is under development, which, according to the creators of the project, will include an asset exchange, an NFT marketplace and a decentralized exchange ShibaSwap.
Several leading cryptocurrency exchanges announced the listing of a new SHIB token. According to CoinMarketCap, SHIB hit its all-time high of $0.0000388 on May 10. This happened after the crypto exchange Binance added the option to trade SHIB. On the same day, SHIB’s market capitalization hit a record high of more than $13.5 billion. However, it has weakened its position and, at the time of writing, is in 31st place with a market cap of $2.72 billion.
Now the token is trading on major exchanges: Binance, Coinbase, FTX, OKEx, and even the Indian equivalent of Binance – WazirX.
It is necessary to mention that our team behind the Changelly and Changelly PRO platforms strives to keep our users up to date on the latest crypto projects. That is why you can seamlessly exchange SHIBA token to over 200 cryptocurrencies that are currently available on instant crypto exchange Changelly. Another great news is that you can also trade SHIB to BTC on our full-featured cryptocurrency exchange Changelly PRO.
Since its creation (July 31, 2020, according to CoinMarketCap), SHIB has shown considerable growth in a short period of time. The coin might reach 0.000011 in August 2021.
The graph below shows the Shiba Inu price dynamics in BTC, USD since the creation of the ‘Dogecoin killer’.
The WalletInvestor’s experts consider Shiba Inu to be a profitable investment. According to their calculations, the coin has the potential to rise to $0.000019 in 1 year.
The analysts believe the price of Shiba Inu will increase in the coming years. It is predicted that by the end of 2021, the price may rise and reach $0.00002023, which is twice the current price.
‘If the Shiba Inu token maintains its current level of growth, it will be able to reach a value of $1 by the end of 2021. But a more realistic forecast suggests that if it grows at a rate of 20% per month, it will take about five years to reach $1, which indicates a deadline of no earlier than 2025.’ reports the Market Realist portal.
After the surge that will probably occur in 2021, it is expected that the price of Shiba tokens might continue to grow in 2022. By the end of 2022, it could reach $0.00002230.
Experts of the Market Realist portal are confident in the continuous growth of the token. The projected growth will be more than 12,000,000% (yes, you see the correct number of zeros) by 2024-2025.
Prices are also projected to rise in the coming years. It is assumed that by the end of 2025, the price can reach $0.00003106 and will continue to grow. It could hit $0.00003860 in five years.
Many cryptocurrency analysts do not make long-term forecasts. There are many unpredictable factors that can affect the cryptocurrency exchange rate in the long term. Anyway, it is possible to make some predictions according to the current data. Thanks to the historical analysis of the exchange rate, the experts assume that in January 2030 the price of the Shiba coin could reach $0.00004.
Yes, according to forecasts, investing in Shiba tokens might be a good idea. The long-term profit potential is about +102.32% per year.
There are no doubts that the Shiba Inu coin is real and can be traded. If you want to get SHIBA, the best place to get it is an instant cryptocurrency exchange Changelly, which allows you to swap SHIBA to a wide range of 200+ cryptocurrencies. In case of any questions, do not hesitate to contact our Support Center!
The post Shiba Inu Coin Price Analysis and Forecast appeared first on Cryptocurrency News & Trading Tips – Crypto Blog by Changelly.
