4 Reasons why Cardano Price will Double and Tamadoge Price will 10x



Cardano shocked the crypto space by outperforming Bitcoin and Ethereum by 75% and 453%, respectively, in 2021. It has everything new-gen crypto folks want their blockchain to be, from consuming last power to being scalable. It is also faster and charges low fees. People are wondering if Cardano’s price will double soon.

And they have a good reason to believe it. In Late July, Cardano started to rally steadily and peaked for the first time in the last two months. Although the retrace happened quickly later, it was enough to make the crowd believe that Cardano would surpass the $1 mark soon.

Here are the 4 Reasons why we believe that Cardano’s Price will double

The Launch of Vasil Hard Fork Mainnet

Cardano devs really take the whole decentralized aspect too hard – constantly updating the blocks and transaction records to ensure that the control of the blockchain is disparate. It is important since the blockchain ecosystem is growing, and more outsiders are flooding in.

And whenever news of an update starts floating around, the crowd comes to CEX and DEX to rally ADA. It happened with the Mary Hard Fork event and now with the Vasil Hard Fork.

Named after the Bulgarian Scientist Vasil Dabov, this upgrade is a tribute to him, who once stood in support of Cardano and passed away recently. With the arrival of this upgrade, Cardano’s functionality will likely increase by tall order by increasing its network capacity and smart contracts programming.

Simply put, the new upgrade will streamline the app development process and will improve the general experience of the users of the ADA network. That will likely work wonders in improving the blockchain adoption rate – upper cutting the price even higher.

Now the launch isn’t here yet, but the latest update has made the crowd optimistic that it is coming soon. On that update, Input Output, the creator of Cardano, revealed that the upgrade will launch subject to the following conditions:

  1. The last node contender must build at least 75% of the mainnet blocks.
  2. The upgrade should be adaptable with 25 exchange platforms.
  3. The node version 1.35.3 should work with the Dapps developed on Cardano.

The update will be released as soon as the devs can reach these milestones. That said, we don’t know much about how near the devs are to these requirements. And perhaps that is the reason for Cardano’s recent plunge.

Consistent Updates in the Cardano Ecosystem

Cardano is an efficient system created to simplify the developer’s life by offering easy-to-use tools to develop applications. That is partly possible because of the research-driven and peer-reviewed updates by Cardano.

We mean that, unlike other blockchains, to throw blind updates as if trying to plug a hole or put a band-aid over an issue, Cardano takes a different approach. It weighs in on each and every update before launching. Even then, the updates it provides are consistent.

As a result, most Cardano updates have been a hit and have constantly updated the quality of the blockchain. Part of this reason is the devs understanding to approach the crypto tech carefully.

Development of the ecosystem

According to the Cardano devs, there are over 1,000 Dapps in development on the Cardano blockchain simultaneously. And because of the platform’s simplicity, that number is constantly increasing.

Conventional crypto techs would bring an onslaught of scalability issues, but not with Cardano. As the base architecture of that ecosystem has been built to scale with new blocks and apps, there is always room for more dapps to arrive.

Crypto Whales are Rallying behind it

Sometimes when you see that the intraday trading candle is way too long in the green, don’t think that there are numerous folks buying crypto. Such candlestick patterns appear because of whales – crypto millionaires or institutional investors who buy tokens in bulk in a single day.

Over the last two months alone, crypto whales have bought more than 100,000 ADA tokens. But creating buying pressure is not the only thing pushing Cardano’s price; it is also those holding the token to pump its value. Over 10 million tokens are part of the short squeeze – not being sold, pushing the price to reach even higher levels.

Tamadoge is Another Crypto about to Bring Massive Gains

While Cardano has enough faith in the crypto crowd to push its value to double within the next two months, another crypto has come to the scene, preparing to make 10x gains to early movers.

Known as Tamadoge, it is metaverse crypto that takes cues from memecoins such as Dogecoin but has a gaming utility.

Devs recently launched Tamadoge to the public as a beta-presale with the idea to start the general presale by 2nd September 2022. But the beta presale was a hit, and the target was met way ahead of its time, and now the general presale has already started. At the time of writing, the project has already raised upwards of $5.8 million.

Also, unlike other crypto presales that end up on DEX after completion of the presale, Tamadoge has its eyes set on the CEX listing. The team behind Tamadoge says that once 50% of the tokens are sold, TAMA will go on a centralized exchange with a high reputation.

But why is the crowd so bullish about Tamadoge? Here are the four reasons.

Doge Aesthetics

It has doge aesthetics and the marketability that comes with it. Rumors have already circulated that Elon Musk might be interested in Tamadoge.

Powerful Play-to-Earn Ecosystem

Tamadoge (TAMA) powers the play-2-earn ecosystem of the same name that rewards players based on skill-based gameplay.

Metaverse Integration

The developers behind Tamadoge are also working to bring 3-D versions of Tamadoge Pets, the NFTs that reside in the ecosystem, to prepare for partnership with the existing metaverse.

Tamaverse

There are also plans to launch a metaverse known as Tamaverse, where players can socialize and battle within a 3D environment with others.

It is easy to chalk these developments up to mere ambition, but our research suggests that the devs are already hard at work creating the games. Also, the project has been vetted by Solid Proof and CoinSniper, which is another way of saying that the project is more than just empty promises.

Watch the Crypto Development Closely

Cardano has recently seen many upticks, but there have also been many retraces. So, it is important to watch the markets closely before making any decision.

However, if you want to get in early on a project with the most potential, we suggest Tamadoge. The project has strong fundamentals and slowly inching toward its presale target. The project will likely sell 50% of its total token supply before the end of the year and list on a centralized exchange – pumping its price by 10x.

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Will Ethereum hit $4k before the Merge Upgrade? 5 Reasons to Buy Ethereum and Tamadoge

The anticipation around Ethereum’s Merge upgrade is high – making the crowd rally the ETH price whenever there is news. However, those updates haven’t exactly panned out for people during the bear market. The difficulty bomb test was a dud, and the Terra crash didn’t favor Ethereum. And then, there was stETH – the Lido staked ether that has brought more harm than good to the market. With those in mind, do you think Ethereum is still worth it? We believe so and cover in this article the 5 reasons to buy Ethereum.

But before we do that, let’s take a look at Ethereum’s recent price action.

Will Ethereum Hit $4k before the Merge Upgrade?

Ethereum has struggled to reach $2k ever since the arrival of the crypto winter. And its abysmal price action in June shook the crypto market to the core as Ethereum’s wick bottomed at $878. It was for the first time since mid-2021 that Ethereum had struggled to punch above $1k. Thankfully it did, as you can see from this weekly candlestick chart below.

It started forming green candlestick patterns – even some engulfing ones and has continued to climb. But it hasn’t been so cut and dry. The intraday trading chart for Ethereum showed us that there were times that ETH struggled to rise above $1.4k. It was partly because of the delay in the Merge upgrade.

However, several media outlets have started to come out with various news about the merge upgrade. And the recent crypto report by Bloomberg says that we now have a date, and it is 15th September 2022. This news has caused NFT prices to diverge sharply and has caused a marginal increase in ETH’s price before a 10% retrace.

At the time of writing, ETH is trading above $1.6k. So, with these factors in mind, is there a chance for Ethereum to hit $4k?

Not really. No patterns are forming in the intraday chart to suggest the arrival of any uptrend. ETH has to go up more than 2X of its current price to reach a $4k valuation, and the current data doesn’t say anything about that.

5 Reasons to Buy Ethereum in 2022

Here are the reasons why you should buy Ethereum in 2022

Smart Contracts are the Future

The arrival of Ethereum marks the emergence of smart contracts. These automated executing tools streamline everything and remove the need for an intermediary. They promote fairness in business transactions, save time, and can also save money.

Ethereum will turn tokenization into a norm

It is Ethereum that introduced the whole concept of NFTs. They started out as a way for creators to maximize the returns of their artworks. But with time, their inner immutability was revealed, and now, these tokens have penetrated every sector from entertainment to real estate to legal. And as more innovations arrive in NFTs, the value of Ethereum will likely grow.

Ability to run Uncensored applications

Censorship has always been a huge thorn in freedom of expression. Is it not? Companies such as Facebook, Twitter, YouTube, and content hold the right to delete all the contents. And if you’ve been on YouTube, the false copyright claims can zap your videos from existence right away. Not with Ethereum, however. The applications developed are decentralized – keeping them out of the hands of centralized bodies that aim to exploit them. As you’ll hold the content when it is on the blockchain, no one other than you would have the legal power to delete it.

Ethereum is constantly innovating

Ethereum is constantly coming up with new upgrades to align itself to modern needs. The new smart contracts emerged because of that, and there are more to come in the future. Innovation is the primary reason why when the crypto bubble “popped “, and Ethereum lost 84% of its value, it didn’t die and came back stronger.

The emergence of an environmentally friendly blockchain

With the latest Merge upgrade, Ethereum will enter a new age of consensus. The Proof of Stake is more environmentally friendly and consumes less energy. The prospects that come with it will likely migrate many Bitcoin whales to Ethereum – pushing the price of the token to a new level.

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Tamadoge – Another Crypto on the Ethereum Blockchain Making waves

If the five reasons we highlighted aren’t enough for you, here is the sixth reason to invest in Ethereum – Tamadoge project.

Built on the top of the Ethereum blockchain, this play-to-earn project is a play at memecoin. Calling itself The Play-to-Earn Dogecoin, Tamadoge is one of the most successful presale crypto projects this year. The $2 million beta sale is sold out ahead of time, and at the time of writing, the project is close to raising $6 million. Once the presale ends, Tamadoge will end up on a reputable CEX – giving high gains to early movers.

Listed below are the five reasons why you too, must buy Tamadoge.

It is a Play-to-Earn crypto

Experts forecast that play-to-earn will be a $50 billion industry by 2030. And the seeds of that thriving domains have already been sown – Tamadoge being one of them.

Doge Aesthetics

Tamadoge is taking Dogecoin’s aesthetics, which can be marketed quite easily, enabling it to gain steam quickly.

Utility Token

Tamadoge is a utility-token powering an ecosystem with regular rewards based on skill-based gameplay.

Metaverse crypto

Tamadoge is planning to create Tamaverse, which is its own metaverse. And for the time being, there are also plans to bring Tamadoge Pets to existing metaverses.

Upcoming CEX listing

The presale will likely be complete before the end of 2022, and that will put TAMA on centralized exchanges. It will pump the price of TAMA and give high gains to those who invested in Tamadoge during the presale.

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Ethereum and Tamadoge are Gaining Their Worth

Ethereum is slowly getting closer to the Merge release. If nothing else, it would accelerate the market recovery and pump its price. While we don’t think the ETH price will reach $4k anytime soon, we will see massive upswings later this year.

And one of the newest cryptos on Ethereum, Tamadoge, is also making a lot of waves in the market. This memecoin will redefine cryptocurrencies in the future while making massive gains for early movers.

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5 Best Future Cryptocurrency Projects to Invest in



The cryptocurrency market has grown significantly over the past year, and new projects continue entering the market. Unlike most of their predecessors, most of these new projects have come with a solid roadmap, and they have also integrated more utility for their native tokens to give them value. Some of the best future cryptocurrency projects to invest in include the following:

Tamadoge (TAMA)

Tamadoge is one of the crypto sector’s newest yet most promising projects. Tamadoge is a play-to-earn project that has also taken some aspects of meme coins. It plans to differentiate itself from all the other meme coins in the market by integrating more utility.

In the Tamadoge P2E ecosystem, players can use their doge bets to battle with other players and climb up the leaderboard to receive rewards in the form of TAMA tokens. Moreover, the token is currently in a presale that is attracting attention across the crypto market.

The Tamadoge presale is live and has raised more than $5.5 million. The maximum supply of TAMA tokens is 2 billion, giving it more value than the other meme coins in the market. The interest in Tamadoge has also been seen on the project’s Telegram page, which has more than 26000 members.

Tamadoge – Play to Earn Meme Coin

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Battle Infinity (IBAT)

Battle Infinity is a blockchain gaming ecosystem that is also becoming increasingly popular. Battle Infinity’s native token, IBAT, held a presale that ended 66 days ahead of schedule because of high demand.

IBAT was listed on PancakeSwap on August 17, making it its first exchange listing. PancakeSwap is one of the best DeFi exchanges, and the listing is already pumping liquidity for Battle Infinity, which will translate to notable gains for the token.

Battle Infinity is pursuing other listings on centralized exchanges (CEXs) as part of its roadmap. Battle infinity has a solid roadmap ahead that could become the next Axie Infinity or The Sandbox.

Battle Infinity – New Metaverse Game

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  • Presale Sold Out Early – Upcoming PancakeSwap Listing
  • First Fantasy Sports NFT Game
  • Play to Earn Utility – IBAT Token
  • Powered By Unreal Engine
  • CoinSniper Verified, Solid Proof Audited
  • Roadmap & Whitepaper at battleinfinity.io

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Lucky Block (LBLOCK)

The other token that is also a good investment for future gains is LBLOCK. Lucky Block launched earlier this year, and as soon as it hit the market, it received overwhelming demand from traders because of its unique offering in transforming the lottery industry.

The LBLOCK V2 token was listed on LBank, MEXC earlier this month. The token is also set to be listed on Gate.io in mid-September. Gate.io is the fifth-largest exchange by trading volumes, and the listing could see LBLOCK break out to new highs.

Lucky Block – Our Recommended Crypto of 2022

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  • New Crypto Games Platform
  • Featured in Forbes, Nasdaq.com, Yahoo Finance
  • LBLOCK Token Up 1000%+ From Presale
  • Listed on Pancakeswap, LBank
  • Free Tickets to Jackpot Prize Draws for Holders
  • Passive Income Rewards – Play to Earn Utility
  • 10,000 NFTs Minted in 2022 – Now on NFTLaunchpad.com
  • $1 Million NFT Jackpot in May 2022
  • Worldwide Decentralized Competitions

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DeFi Coin (DEFC)

DEFC is one of the market’s top decentralized finance (DeFi) tokens. DEFC is the token powering DeFi Swap, a decentralized exchange (DEX) that is en route to becoming one of the largest ones on the market.

DeFi Swap supports a wide range of services, including crypto staking, and with DEFC being the native token for the ecosystem, it could be in for notable gains in the future.

Quint (QUINT)

QUINT is another crypto you should also consider buying for future gains. Quint is a newly launched crypto project that plans to bridge the gap between the real world and the metaverse.

Quint offers a decentralized ecosystem that supports super staking features that generate real-world rewards. It also seeks to combine non-fungible market (NFT) offerings and DeFi, making it one of the best web 3.0 & crypto projects to buy.

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LBLOCK Price Analysis: Lucky Block Presenting Trading Opportunities



Lucky Block: August 20th

Lucky Block is progressive in finding subsequent higher support. In our last analysis for this crypto, Lucky Block was able to find significantly higher support of $0.002040. This was significantly higher than the previous one of $0.002007. In this post, Lucky Block seems to have done it again, as it appears as if it has located another higher support of $0.002070. Therefore, traders should buying into this flourishing market as soon as possible.

Current Value of LBLOCK’S: $0.002070
LBLOCK Market Cap: $7.4 million
LBLOCKs Circulating Supply: ——
LBLOCKs Total Supply: 3.6 billion
LBLOCKs Coinmarketcap Ranking: #3391

Important Value Marks:
Top Levels: $0.002070, $0.002100, $0.002350
Bottom Levels: $0.002170, $0.002100, $0.002053

LBLOCK Price Analysis: LBLOCK/USD Market Is Pumping

The LBLOCK/USD four-hour chart above is showing that the price of this crypto is advancing. On this chart, we can view that the price candles are already in contact with the Moving Average line of the Bollinger indicator. If eventually, price action should rise above this line, Lucky Block might claim a new higher support level. In addition, we can see that our Bollinger indicator upper and lower band is now contracting at this point. Consequently, this may be hinting that a significant price increase is near. Eventually, this may bring the price to around $0.002500 price level.

Lucky Blocks Value Forecast: LBLOCK/USD Price Continues to Break Upwards

On this hourly LBLOCK/USD chart Indicators are pointing to more upside gain. Here, we can see that a large bullish candle eventually delivered price action above the middle MA line. Also, the last two candles here are constantly changing from red to green on a live market, due to the struggle between buyers and sellers. And, the nature of this candle when it is green, points to an impending bullish reversal, eventually this will take price higher.

Additionally, we can see that the MACD lines are attempting to cross to the positive side. Also, we can see that the discrete line which represents bar charts is now building on the positive side. Consequently, this is pointing to increasing strength of the current uptrend. Soon enough, the price level of $0.002100 will be broken and more upside level will be reached shortly.

Lucky Block (LBLOCK V2): Gate.io listing has been set to be done on 25th August.

You can purchase Lucky Block here.  Buy LBlock

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ADA Market Is on a Downtrend, Tamadoge Promises Better Market Performance

ADA/USD rebounds sharply off higher resistance, as sellers tears down steadily rising support line. Since around 15th of July Cardano has been trading in a gradual upward sloping manner. However, that trend appears to have ended given the current situation of this market.

Cardano Forecast Statistics Data:
Cardano current price: $0.4671
Cardano market cap: $18.1 billion
Cardano circulating supply: 33.75 billion
Cardano total supply: 34.3 billion
Cardano Coinmarketcap ranking: #7

Therefore in this analysis, we shall further examine this market to see, what we can expect in this market. Also we will talk about what can be done to avoid further losses as a trader.

Important Levels:
Resistance levels: $0.5330, $0.5410, $0.5560
Support levels: $0.5500, $0.5330, $0.4671

ADA/USD Recording Significant Loses, Tamadoge Prepares for a Great Start

Looking at the ADA/USD daily chart we can tentatively say that Cardano has recorded approximately 22% loss. Furthermore, we can see that the EMAs stays above the price candles.  Also this lines are about to deliver another cross here. By implication, this indicates that the downtrend will continue, once the EMA line crosses each other. Already, it seems as if the bulls have been over powered by the bears, and strong buying pressure is required to put the bulls back in control of the market.

Moving on, the Stochastic RSI points steeply down into the oversold area, portraying the strength of the bears in this market. However the oversold region has been reached, consequently we may anticipate a revesal soon. Traders who seek to re-enter the market can place a buy stop around $0.5000. The reason for this is because if price should trigger the setup, this may imply that significant uptrend have begun.

Cardano Price Forecast: ADA Is Bearish Against Bitcoin

The ADA/BTC daily chart continues to reflect the impact of the bears, as value keeps falling in almost similar maner. Here the EMA lines are still above value movement like it was in the previous chart. Also, the EMAs are also about to cross each other while above value movement. When this eventually happens, more strength will be delivered to the downward correction.

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Furthermore, the Stochastic RSI lines are still at the level 39.17 and 16. 16 (Slower and faster respectively). Consequently, with the steepness and distance of these lines, we can say that prices can further move to lower levels. Therefore, Traders here can expect price to fall to near 0.00002050 or 0.00002000 before price reversal can occure.

Tamadoge is also securing strategic listings on centralized and decentralized exchanges as part of its roadmap. The first listing has already been secured on LBank. LBank is a centralized exchange, and the Tamadoge team is optimistic that TAMA could be paired with ETH to support the project’s rapid growth as it faces improved liquidity.

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South African Reserve Bank Wants Banks To Be Lenient To Crypto Service Providers

The South African Reserve Bank has sent out guidelines to banks operating in the country regarding their dealings with crypto service providers.

The apex bank has encouraged banks not to cut off all ties with cryptocurrency, telling them that doing so may pose a “threat” to financial integrity. According to the bank, such an act could also lead to greater risks in the long run.

Banks Fear Regulatory Uncertainties And High Risk In Crypto Dealings

Chief Executive Officer of Prudential Authority Reserve Bank of South Africa, Fundi Tshazibana, signed the official notice. He stated that the risk assessment of banks shouldn’t warrant the complete dropping of cryptocurrency entirely.

Many banks cut ties with crypto asset service providers (CASPs) because of higher risks and unclear regulations.

But Tshazibana has stated that risk assessment does not mean that the institution should avoid risks entirely when it comes to dealing with these providers. He added that such issues could even lead to higher risks and a threat to financial integrity. According to Tshazibana, the action to cut ties with crypto can limit the possibilities of dealing with issues like money laundering.

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Late last month, the Reserve Bank released a document assessing the level of risk within the local banking sector. The report noted that crypto assets were among the top 10 threats identified by the top local banks.

Before the report, the South African government outlined a plan that clarifies cryptocurrencies as financial assets to enable regulators to carry out their activities. The law on their classification will be released and implemented within the next 12 months.

The Country’s Crypto Community Is Excited About The Notice

Following the announcement, crypto exchanges in the country were excited and optimistic about the proposed arrangement. Many believe that the initiative will increase the level of crypto adoption in South Africa. But banks have been particularly indifferent and reluctant to recognize crypto service providers when doing business.

Some of them have out rightly refused to have any dealings with the providers. The country’s crypto community has expanded in recent times, and bank customers are increasingly making demands to provide a safe environment to trade cryptocurrencies.

South Africa is already hosting several Bitcoin projects, including Untravel Surf Travel, a pro-crypto travel company, and Bitcoin Ekasi, a township that legalized Bitcoin as a way of improving the financial independence of the communities.

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CME Group plans to launch options on Ether futures as Merge looms

The Chicago Mercantile Exchange Group, one of the largest derivative marketplaces, has launched options trading for Ether futures products. The CME Group said that the products had been launched following regulatory review.

CME Group to launch options for ETH futures

An announcement by the CME Group said that after regulatory review, it had decided to launch options contracts for Ether futures. The contracts would be sized at 50 Ether each.

The futures options will debut trading on September 12, allowing the platform to offer micro-sized Bitcoin and Ether options in March 2022. The Bitcoin options trading products will be launched in January 2020, while a Bitcoin futures contract was launched in December 2017.

The head of equity and FX products at CME Group, Tim McCourt, commented on the development where he discussed the upcoming Ethereum Merge. McCourt said that the derivatives firm had reported increased trading volumes and open interest for Ether futures and micro-sized ETH futures options. The products could have been launched as traders anticipate a price change during the Merge.

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The executive said that 78% of the Micro Ether options open interest was in the September and December contracts. With this set of offerings, the derivatives exchange provides traders with the option to boost the flexibility of options within their crypto portfolio.

Ether trading volumes signal buying activity as Merge nears

McCourt also said that its Micro Ether options had reported increased activity between September and December. The trend could show that participants were hedging risk around the date proposed for the Merge.

The CME Group has reported a 7% growth in the average daily trading volumes for Ether futures between June and July. Additionally, there was a 41% growth in the same volume of contracts for micro Ether futures.

The Ether trading activities and the investment vehicles linked to Ether have reported an uptick since Ethereum developers provided a tentative date for the Merge. The developers have provided September 15 as the probable date for the Ethereum Merge.

Ether’s price has reported fluctuating prices over the past few days. At the time of writing, ETH was trading at $1687 after a 10.1% decline during the past 24 hours. The Merge seems to be doing very little in helping Ethereum recover its ATH of $4800 created in November last year.

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Binance vs. FTX: CZ calls out ‘bad players’ for crypto exchange jitters

The CEO of crypto exchange Binance, Changpeng ‘CZ’ Zhao, raised concern for traders after learning about the infamous phenomenon of trade jitters on other crypto exchanges. 

Jitters in crypto trading relate to a trade event wherein an investor’s buy or sell order gets stuck and moves down in the list, allowing newer trade orders to go through.

While CZ’s concerns against jitters did not explicitly target any particular exchange, the crypto community on Twitter assumed it was a dig at FTX, a crypto exchange led by Sam Bankman-Fried. Responding to the community’s reaction that suggested ‘jitters’ as a well-known and accepted situation, CZ added:

“All of you guys knew and didn’t say anything. We need to fight the bad players.”

CZ further reached out to the VIP traders on Binance, who allegedly confirmed knowing about the illicit trade activities. The indirect allegation against FTX perfectly coincides with the timeline when the Federal Deposit Insurance Corporation (FDIC) issued cease and desist order to the exchange and four other crypto companies.

According to the FDIC, FTX US, SmartAssets, FDICCrypto, Cryptonews and Cryptosec allegedly misled investors by claiming their products were insured by the FDIC. Reacting to the order, FTX US president Brett Harrison deleted a tweet making the claims opposed by the FDIC. However, Crypto Twitter was quick to point out numerous other instances when Harrison falsely claimed FDIC insurance.

In an attempt to cushion the freefall, SBF revealed his intent to work with the FDIC in the future while reiterating the fact that “FTX US isn’t FDIC insured.”

Related: United Texas Bank CEO wants to ‘limit the issuance of US dollar-backed stablecoins to banks’

Running parallel to the above developments, FTX has reportedly begun blocking accounts that have sent cryptocurrencies through zk.money, a private layer-2 chain provided by the Aztec Network on Ethereum.

In response, SBF backed FTX’s decision to monitor the accounts citing anti-money laundering (AML) compliance. However, he refuted the claims by adding, “but that does not mean that any accounts were frozen.”

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Aztec responds to claims FTX froze user funds for interacting with the protocol

CryptoSlate reported that FTX had frozen user accounts because they interacted with Aztec Network. Aztec has now responded to the claims by reiterating its core values and confirming that it “will not be passive in stopping illicit behavior.”

Also documented by Wu Blockchain, the accusations of FTX users having their accounts frozen came from a series of tweets from a handful of accounts. The legitimacy of the account suspensions was discussed in an earlier article here on CryptoSlate.com.  FTX CEO Sam Bankman-Fried responded but neither confirmed nor denied that any accounts were frozen.

Aztec further commented that it is working on a series of improvements that will “practically eliminate the ability of bad actors to move stolen funds through Aztec.” These include deposit caps, rate-limiting, pending deposit caps, and modifying the “escape hatch window.”

The upgrades will result in the following updates to the Aztec Network:

– Slow the rate of deposits and withdrawals
– Make it easier to identify at-risk addresses
– Prevent illicit users from sidestepping Falafel, the open-source implementation of Aztec’s rollup

Unlike other web3 protocols, which have either had to close down or abide by U.S. sanctions, Aztec have taken a different approach. The network argues that it “restricts behavior, rather than individuals.”

The network declared, “if our network is used to harm users, we’ve failed our mission.” It also confirmed “working with partners to identify those using stolen funds and unmask them using publicly available information *outside* of the Aztec system.”

At a troubling time for blockchain-based privacy, Aztec ended its Twitter thread with a poignant message,

“If privacy is outlawed, only outlaws will have privacy.”

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Cardano developer reveals bug in node version 1.35.2

Cardano (ADA) developer Adam Dean in an August 18 Twitter thread, revealed a bug in Cardano node version 1.35.2 that caused the collapse of Cardano Testnet.

According to Dean, the bug was discovered in a node previously said to be “tested and ready.”

Dean continued that the bug created incompatible forks and reduced chain density. The bug was discovered by an on-chain investigation by Cardano Operator supporters’ pool, ATADA Stakepool, and Pooltooll.

The investigation led to the discovery of version 1.35.2 and version 1.34.1 as the issue.

Dean highlighted how most of the operators had upgraded “to 1.35.2 on testnet to simulate a Vasil HFC event,” leading to version 1.35.3 not being in sync with the chain.

According to Dean, version 1.35.3 is now being tested on “two ‘new’ testnets that do not have a block history like testnet (having gone through all previous Cardano HFC events there) or a simulation of multi-node-version blocks on the chain.”

Dean mentioned that the “rushing” of the Vasil hard fork makes him uneasy. He added that the Cardano network was close to hitting a “nuclear rock.”

He is requesting Input Output engineering department and Charles Hoskinson to deploy the appropriate Disaster Recovering tools as disclosed during the testnet launch.

The Cardano Disaster Recovery plan has the mitigation process for long-lived network-wide partitions or long-lived global outages.

Hosinkson responds

Charles Hoskinson has responded to the community’s reaction to news of the bug in the testnet version 1.35.2.

According to Hoskinson, the noise surrounding the stake pool operators’ upgrade is bizarre, adding that “the code that was an issue on the testnet has been removed.”

Hoskinson said the community could still decide to delay the launch of the Vasil hard fork but wondered if that decision would be worth it for Dapp developers.

Meanwhile, some Cardano community members have not taken Hoskinson’s comment properly, but Hoskinson urged them to upgrade their nodes to version 1.35.3.

Cardano’s Vasil upgrade has been delayed twice. Hoskinson had revealed that the testing had uncovered three separate bugs, with the development of three new software versions.

Posted In: Cardano, Technology

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FTX backtracks on FDIC insurance but fails to delete all references

The global crypto market cap is $ with a 24-hour volume of $. The price of Bitcoin is $20,969.35 and BTC market dominance is %. The price of Ethereum is $1,622.82 and ETH market dominance is %. The best performing cryptoasset sector is Adult, which gained 34%.

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Korean Regulator Takes Action Against 16 Foreign Crypto Exchanges

The South Korean financial intelligence unit is taking action against 16 foreign cryptocurrency exchanges for operating illegally in the country. “For illegal business activities of unregistered entities, maximum of 5 years of imprisonment or up to KRW 50 million of fines can be imposed,” the regulator said.

16 Foreign Crypto Exchanges Flagged by South Korean Regulator

South Korea’s top financial regulator, the Financial Services Commission (FSC), announced Thursday that the country’s financial intelligence unit (KoFIU) has notified investigative authorities about the illegal business activities of 16 unregistered virtual asset service providers (VASPs).

The KoFIU is South Korea’s financial intelligence unit (FIU) and the lead agency in the Asian country for anti-money laundering and countering financing of terrorism (AML/CFT) matters.

The 16 entities are Kucoin, MEXC, Phemex, XT.com, Bitrue, ZB.com, Bitglobal, Coinw, Coinex, AAX, Zoomex, Poloniex, BTCEX, BTCC, Digifinex, and Pionex.

All 16 crypto exchanges are based outside of Korea without a formal domestic presence, the regulator said, adding that they were found to be engaging in crypto business activities targeting domestic consumers. For example, they offer Korean-language websites, host promotional events targeting Korean consumers, and provide a payment option that supports the purchase of crypto assets using credit cards in the country.

The KoFIU notified foreign-based crypto exchanges on July 22 last year that they must register their business with the authority. However, the 16 aforementioned entities continued to operate in South Korea without obtaining registration.

The authority detailed:

For illegal business activities of unregistered entities, maximum of 5 years of imprisonment or up to KRW 50 million [$38,000] of fines can be imposed with a restriction for registering as a VASP in domestic market for a certain period of time.

The regulator explained that financial authorities in the jurisdictions hosting the service providers will be informed and related credit card processing will be halted in the domestic market. In addition, “Transfers of virtual assets to and from the 16 unregistered entities will be made impossible as the authorities have issued an administrative guidance requiring suspension of transactions between the registered and unregistered entities,” the KoFIU described.

Emphasizing that “the authorities plan to take necessary measures” to stop crypto service providers from operating without registration in South Korea, the regulator stressed:

The KoFIU will continue to closely monitor illegal business activities carried out by unregistered entities and maintain close cooperation with relevant authorities.

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What do you think about the South Korean regulator taking action against crypto exchanges operating illegally in the country? Let us know in the comments section below.

Kevin Helms

A student of Austrian Economics, Kevin found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open-source systems, network effects and the intersection between economics and cryptography.

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Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

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Top 10 PoW Dominance Evaporates 9 Years Later, Only Two Proof-of-Work Coins Will Remain After The Merge

The crypto community is patiently waiting for the highly anticipated Ethereum network upgrade from proof-of-work (PoW) to proof-of-stake (PoS) as The Merge is expected to happen 27 days from now. After Ethereum transitions from PoW to PoS, only two crypto assets in the top ten market cap rankings will be PoW tokens, which is a stark contrast to the top ten nine years ago.

The PoS Age Begins: Proof-of-Work Crypto Assets Disappear From Top Ten Market Cap Standings

This year, for the first time in crypto history, three stablecoins entered the top ten largest market cap positions. During the first week of May, Terra’s stablecoin UST made it into the top ten alongside USDT and USDC, but after UST’s depegging incident, the token fell from the top ten coin rankings. After UST’s implosion, the Binance Smart Chain-issued BUSD stablecoin joined the top coins by valuation and today, three stablecoins remain in the top ten.

That wasn’t the case nine years ago, on August 18, 2013, as there were no stablecoins in the top ten, because the stablecoin trend was not prevalent at all back then. In 27 days, Ethereum will change from PoW to PoS after operating as a PoW chain for seven years, and when that happens, only two coins in the top ten will be PoW tokens. The last standing top two PoW crypto tokens in the top ten will be bitcoin (BTC) and dogecoin (DOGE). This trend was also not prevalent nine years ago in 2013, when the top ten crypto tokens were mostly PoW coins.

On August 18, 2013, bitcoin (BTC) was changing hands for $113 per unit and ethereum was nonexistent. In fact, the Ethereum blockchain did not launch for another 711 days after August 18, 2013, and litecoin (LTC) was the second-largest crypto token by market cap. Proof-of-stake crypto assets were conceptualized at the time, and in 2013 there were a number of hybrid proof-of-work and proof-of-stake tokens with peercoin (PPC) leading the charge. PPC was the first hybrid PoW/PoS blockchain introduced to the crypto community, and it was created by the pseudonymous developer Sunny King.

On August 18, 2013, the only coin that was not a proof-of-work token was XRP. Nine cryptocurrencies in the top ten were proof-of-work and some were hybrid PoW/PoS coins. Hybrid means that the network uses both proof-of-work and proof-of-stake.

Nine years ago, the PoW and hybrid PoW coins in the top ten included bitcoin (BTC), litecoin (LTC), namecoin (NMC), peercoin (PPC), feathercoin (FTC), novacoin (NVC), primecoin (XPM), terracoin (TRC), and infinitecoin (IFC). At that time in 2013, the only non-PoW coin in the top ten standings was XRP, and XRP is still in the top ten crypto market cap rankings in 2022. Close to seven years ago on August 23, 2015, there were fewer PoW coins in the top ten, even with ethereum (ETH) joining the ranks as a PoW coin.

At that time, only six PoW coins existed in the top ten, including BTC, LTC, ETH, DASH, DOGE, and BCN. At the time in 2015, hybrid PoW/PoS coins were pushed down in value and pure PoS networks started to become more prevalent. On August 23, 2015, banx shares (BANX) and bitshares (BTS) were among the most valuable PoS assets. BTS still exists and is worth $0.010 per unit today while BANX is non-existent following significant controversy.

Doge Holds Top Ten Position by a Thread

Two years later, six PoW coins still remained in the top ten on August 20, 2017. PoW coins included at that time were BTC, ETH, BCH, LTC, DASH, and ETC. BCH, LTC, DASH, and ETC no longer appear in the top ten standings. Further, a few other coins that once held positions in the top ten like IOTA, NEM, and NEO have also dropped out of the top ten standings since then. That was close to five years ago and today, DOGE and BTC are the last PoW coins standing in the top ten.

Bitcoin (BTC) and dogecoin (DOGE) The last two PoW crypto assets standing in the top ten crypto market cap positions.

Moreover, it’s worth noting that dogecoin (DOGE) is in the tenth position and is fairly close to polkadot’s (DOT) market cap in size. When The Merge takes place and Ethereum becomes a PoS chain, there’s a chance DOGE may not be in the top ten if prices change. If DOGE is knocked out and The Merge is complete, BTC will be the only proof-of-work digital asset out of the top ten largest crypto market capitalizations.

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2 PoW coins, 2013, 2015, 2017, 3 stablecoins, Bitcoin (BTC), Blockchain, Blockchain Consensus, BTC, Doge, Dogecoin (DOGE), ETH, Ethereum, Ethereum (ETH), Ethereum The Merge, hybrid PoS coins, hybrid PoW/PoS, peercoin, PoS, PoS coins, PoW, ppc, Proof of Work, Proof-of-Stake, Sunny King, The Merge

What do you think about the top ten coins losing proof-of-work dominance over the last nine years? Let us know what you think about this subject in the comments section below.

Jamie Redman

Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 5,700 articles for Bitcoin.com News about the disruptive protocols emerging today.

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Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

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10 Best Football fan tokens



The immense growth witnessed by the cryptocurrency industry in these past few years is thanks to the variety of projects and solutions they had to offer for real-world dilemmas.

But, a decent chunk of the industry also consisted of a new segment that was focused on entertainment and became prominent recently during the latest bull run. This new category of tokens was known as “Fan tokens”. As a sector that was created to nurture an already existing fanbase, fan tokens quickly made their way to become an important part of the industry.

What are fan tokens?

Fan tokens are a type of cryptocurrency which gives the investors access to several exclusive perks like decision-making powers for their desired clubs, merchandise, unique experiences, sports icon meetups, rewards etc. The only requirement here is that the person holds an appropriate amount of tokens required to partake in such activities.

While there are a variety of sports that feature fan tokens, one particular sport has managed to stay on top with the most number of high-ranking tokens- football. Listed below are 10 of the best football fan tokens available currently.

1) Santos FC Fan Token(SANTOS)

SANTOS is a fan token of the popular football club Santos FC. Founded over 100 years ago, Santos FC is one of the most famous Brazilian football clubs and is based in Vila Belmiro, a city in Brazil. It was the first-ever recognized club to reach the 10,000 goal milestone across any category in the world and was voted as one of the most successful clubs in the 20th century by FIFA.

The SANTOS token was formed following a collaboration between top exchange Binance and the club management in November 2021. Binance acquired the right to sponsor and licensing of NFT products for the club, in hopes to create a more interactive environment for Binance users while attracting more investors.

As a club which once hosted world-famous players like Neymar and Pele, Santos FC has a massive fan following of more than 10 million followers. The SANTOS token holders are eligible for various club-related benefits like access to club-exclusive privileges, rewards, Limited edition NFTs and collectables etc. Fans with a considerable amount of fan tokens also stand chance to attend meetings with football legends and autograph sessions.

Currently, the SANTOS token is trading at around $14 after a major uptrend from a previous range of $5 almost a week ago. The token is available for trade on exchanges like Binance, Gate.io, Lbank, Pancakeswap etc.

Buy Santos

Your capital is at risk.

2) Porto FC Fan Token(PORTO)

As the name suggests, Porto FC is based out of Porto, a heritage city in Portugal. Founded way back in 1893, Porto FC has managed to stay on the top as one of the best football clubs in Portugal. In fact, it is the most decorated Portuguese team in international competitions with seven trophies.

PORTO is the fan token for the club and is hosted on the BEP-20 network. PORTO was also launched on the Binance Launchpad in November 2021. With an experienced sports marketing manager like Tiago Gouveia as the managing director, PORTO enables fans to be closer to their favourite club with the help of blockchain technology.

PORTO focuses on providing users with three major benefits. Token holders get a chance to interact with the team directly, participate directly and indirectly in several exclusive club-related activities and monetize their holdings as the interest and popularity of the token goes up.

With a $37 million market cap and a current price of around $4.8, PORTO is available for trading on Binance, Gate.io, MEXC, LATOKEN etc. among several choices.

Buy Porto

Your capital is at risk.

3) S.S Lazio Fan Token(LAZIO)

S.S Lazio is not just a popular football club, but also a prominent sports club in Rome that hosts several other sports under its wing. There are over 40 sports that are practised by the players at Lazio, which makes it one of the few clubs to boast of such a huge number of disciplines under one roof.

The Italian club has enjoyed several years in top-tier football leagues and continues to be a prestigious name in several tournaments. Built on the Binance Smart Chain, LAZIO is operated by Binance following a whopping 30 million euros deal. The perks provided by LAZIO are also similar to the standard fan token practices.

It consists of advantages for holders like rewards, collectables, and decision-making rights for certain aspects of the game like the colour of jerseys for charity matches etc. At the time of writing, LAZIO is around 20% up and trading around $4.2. It is available on Binance, Pancakeswap, MEXC, Gate.io etc.

Buy Lazio

Your capital is at risk.

4) Paris Saint-Germain Fan Token(PSG)

As France’s most successful club for the past several years, Paris Saint-Germain is a professional Football Club based in Paris. It is home to some of the biggest players in football. The team has won over 40 official honours and is currently owned by the affluent Qatar Sports Investments.

The PSG fan token is a part of the Socios.com fan token launches, where the platform would conduct FTOs or Fan Token Offerings. Here, fans can buy their favourite fan tokens like PSG using the CHZ token, which is a necessity for buying tokens on the Socios platform. The PSG tokens too, are finite and provide various exclusive rights to holders.

The rights and benefits help fans to interact closely with their favourite club and players. In the case of this club, the PSG token allows holders to become a part of voting for decision-making and provide better chances for tickets, subsidized rates on merch etc. The PSG token is currently worth $10 and has a market cap of around $31 million.

Buy PSG

Your capital is at risk.

5) FC Barcelona Fan Token

Clearly a name every football fan must be familiar with, Barcelona FC is a world-famous club with a history of more than 122 years in professional football. As a club that boasts of one of the highest social media followings, Barcelona FC has managed to stay on top of the football rankings for several years consecutively.

The BAR fan token for Barcelona Fc was launched in 2020 by Socios on the Chilliz Platform. Users were allowed to purchase the tokens using CHZ tokens and were given several perks for holding on to the tokens.

It allows investors to take part in the club’s decision-making process and enter fan reward contests. However, the number of tokens one holds decides the power of votes or tickets one can avail to enter the competitions. BAR tokens saw a great increase in price levels since the holders were given VIP access to the club’s home stadium Camp Nou.

Currently, the BAR fan token is trading at around $7 and is available on several major exchanges like Crypto.com, Binance, FTX, CoinDCX etc.

Buy BAR

Your capital is at risk.

6) Manchester City Fan Token(CITY)

Manchester City is another top-class football club based in Manchester which has been dominating world football leagues for several decades. Originally founded more than 142 years ago, the club was home to some of the top football legends the sport has ever seen. The club is owned by City Football Group Limited and is valued at more than $5 billion.

The CITY token was also launched by Socios.com as a part of its prominent fan token partnerships. It was made official by both parties in March 2021, wherein the token was received with much excitement from its fans. CITY tokens have all the usual benefits and perks a fan would like to have in their club’s token.

With a market cap of more than $23 million, the CITY token currently trades at around $6.6 and is available for trading on Binance, FTX, Bybit etc.

Buy CITY

Your capital is at risk.

7) AC Milan Fan Token(ACM)

Founded in 1899, AC Milan is one of the legendary football clubs that are still among the top few in football. The Milan-based professional football club has the most number of trophies out of any other Italian club. Originally founded as a club for both football and cricket, AC Milan emerged greatly successful in creating top football teams for several years.

The ACM token is described by the club as the “ultimate fan engagement tool”, and rightly so. The token has created opportunities for its fan to expand their interest in the club by actively participating in decision-making for the club and other influential aspects. The amount of ACM tokens also plays a key role, as these determine the level of influence one has while voting.

The ACM token is available on various exchanges like Crypto.com, Binance, Bybit, BKEX, Tokocrypto, MEXC etc. At the time of writing, the token is trading at around $4.6 up about 12% on the daily charts.

Buy ACM

Your capital is at risk.

8) Athletico De Madrid Fan Token(ATM)

Commonly known as Athletico Madrid, this football club based in Madrid is the third most successful club in Spanish Football. With a huge following across all social media platforms and fans from all around the world, Athletico Madrid has managed to win several trophies over the years and has created a name for itself as a decorated football club.

Athletico is primarily a football club but also has deep roots in several other sports companies. It co-owns some major sports brands and has been a part of several campaigns. The ATM token is one of the 40 major fan tokens launched by Socios.com and has a huge community even within the blockchain industry.

ATM allows holders to take part in various fun engaging activities and competitions along with chances to make several decisions for the club. They get to choose things like the players’ mask designs, bus designs, pre-match club graphics on stadiums, social media headers etc.

The fan token is currently available on Crypto.com, Binance, Gate.io, MEXC, Tokocrypto, BKEX etc and is trading between the $5.5-$6 levels with a current market cap of around $11.9 million.

Buy ATM

Your capital is at risk.

9) Inter Milan Fan Token(INTER)

As another top football club from Italy, Inter Milan is the only club to have competed in the top Italian Leagues since its inception in 1909. The 114-year-old club has won 33 domestic trophies, including 19 league titles,6 Supercoppa Italiana and 8 Coppa Italia and has an amazing track record compared to many of its local counterparts.

Some of the major perks that INTER token holders get to avail of are the opportunity to choose a new goal song for the team after every 8 years, pick jersey designs and captains armband, and being able to put out a motivational message in the dressing room for the team before matches.

While many teams haven’t yet gotten to this point, INTER tokens allow holders to decide on the starting lineup for the team during official friendly matches. With a decent surge in almost every fan token price recently, INTER too has managed to slightly shoot up in price and is trading at around $3.9, compared to its $2.8 price range back in July.

INTER is available for trading across a few exchanges currently like FTX, Bybit, MEXC, Paribu and Chilliz.

Buy INTER

Your capital is at risk.

10) Juventus Fan Token(JUV)

As one of the earliest professional football clubs to ever exist, Juventus is considered to be among the top clubs in the world currently. It is widely admired for keeping the status of a pro football club active for more than 124 years. With a collection of trophies under its wing, Juventus has been home to several hall-of-fame players over the years.

The club is also famous for its owners; The Agnelli Family, who has been managing the club since 1923. The various perks that JUV tokens can fetch its holders vary with time. The club continuously manages to host events and competitions for holders to come closer to the team as fans.

Along with various competitions and major discounts on merchandise, the JUV token, which is also hosted by Socios.com can be used to decide matchday playlists, goal celebration songs, and even the Juventus icon for merch available on the website.

With a market cap of more than $8 million and a huge community following across all major social media platforms, JUV has been rising in value in the past couple of days, where the token went from $3.9 last month to around $6.45 at the time of writing. The popular fan token is available on many exchanges like Crypto.com, Binance, Gate.io, Bybit, BKEX, MEXC, Paribu etc.

Buy JUV

Your capital is at risk.

Conclusion

The growth of fan tokens has a direct relation to sports and the interest around them. As the blockchain grows, it is possible that clubs and huge sports companies may consider exploring the cryptocurrency domain. If such a scenario happens, fan tokens and related concepts will likely gain a huge upside in terms of popularity and price.

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Investor Sentiment Falls As Crypto Market Sheds $100 Billion

The crypto market has now been put under another challenge. In the past day, bitcoin prices have dropped about $2,000, which has seen the crypto market lose a significant amount of value. As it now stands, the crypto market cap is down more than $100 billion and is now dangerously close to falling below $1 trillion once more. This has expectedly affected the market sentiment, triggering more fear in the market.

Market Turns To Fear

The crypto market had been seeing some recovery with the anticipation around the Ethereum Merge. But as the excitement has worn off, the market has started to see a drastic correction in price. Bitcoin had hit $25,000 at its peak this last recovery cycle. However, it has since shed the majority of those gains.

With this, the crypto market sentiment recovered for a time after bitcoin began its rally. At its highest point, the Fear & Greed Index has a score of 42, the highest point in four months. This put it as close to greed as it has been, but the market had other ideas.

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The price of bitcoin had retraced back below $22,000, and with it, the market sentiment had declined. It closed Thursday with a low score of 30, which put it firmly back in the fear territory. The retracement is reflected in the crypto market, falling from $1.1 trillion to about $1 trillion at the time of this writing. 

Crypto market cap losses $100 billion | Source: Crypto Total Market Cap on TradingView.com

As fear has seeped back into the market, investors are warier when it comes to investing in the crypto market. Perp traders had shown fatigue in the market last week, causing bitcoin funding rates to decline below neutral. Now, the rest of the market is following suit.

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Recovery In Crypto Market?

With the market only just starting to retrace, it is likely that the correction is not over. Such corrections are expected when the market grows so much in such a short time. This helps prices to adjust to values that reflect their current market state.

This means that bitcoin’s price may still have some declining to do. For now, it is speculated that the bottom has been established at a price of $17,600, so bears will want to try to test the support at this point. Historical movement also supports such movements as was done with previous bear markets.

Additionally, the weekend is already here, and it is a period known for low liquidity. This means that it is likely that bitcoin will continue to trend low through the weekend. If Bitcoin’s price falls below $21,000, then the crypto market will fall below $1 trillion.

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