STOCKS TELEGRAPH

Author: Ammar Mukhtar

  • More Winners than Losers (YFI, ROSE, FIL, RVN, ETC) 

    More Winners than Losers (YFI, ROSE, FIL, RVN, ETC) 

    The market has shown relative stability over the past week. This has also affected the movement of altcoins. The rise of the dollar also indicates a curb on inflation which entails less saving which means less investment. So, any form of stability, for the time being, can be beneficial. But as ever, the market is volatile and coins are in constant fluctuation, here we present the weekly gainers and losers of the crypto-market:

    Weekly Gainers

    YFI

    The innovative step made by Andre Cronje, the protocol in mention is an aggregator service for decentralized finance (DeFi) investors. It uses the investment technique of yield farming that allows for more investment. Over the past week, YFI has seen a growth of 65.84% with its current price at around $10,957.65 at the time of writing. At the time of writing, 36,638 YFI are in circulation but this number is expected to grow with more investors.

    ROSE

    A close second to YFI is Oasis Network, which has made a weekly gain of 65.40% over the previous week. It could have been the largest gainer of the week had it not been the 9.60% fall over the past twenty-four hours. Currently, its value is $0.07848. Oasis has a contract with Ethereum, Solana, Binance, and Avalanche. It is attempting to lay the foundation for Web3.

    FIL

    At the time of writing, the current price of Filecoin is $8.07 with a twenty-four trading volume of $1,220,448,763. Over the previous week, it made a profit of 53.33% over the previous week. But over the past twenty-four hours, it has also witnessed a 20.25% drop in its value. Filecoin is a blockchain-based storage protocol and allows people ownership over their own data.

    RVN

    This is the 99th-ranked cryptocurrency that aims to implement a use case-specific blockchain that is to transfer assets. The name of the protocol is a reference to the extremely popular tv series, Game of Thrones where a Raven is used to transfer information. Ravencoin has made a weekly gain of 44.83% over the previous week with its current price at $0.03542.

    ETC

    Ethereum has a hard fork of Ethereum (ETH). It was launched in July 2016. But the fork of Ethereum is significantly different from the Queen. Both of their development strategies are in different directions. This shows why the current value of ETC is only $33.75. But over the last week, ETC has been able to make gains of about 43.56%.

    Weekly Losers

    With the rise of the price of Bitcoin, there haven’t been many losers over the past week. Still, some cryptocurrencies still have had a paltry decrease. The following are the weekly losers:

    RVLT

    Built on the Polygon chain, RVLT is the ecosystem token of CULT DAO. Cult wants to funds protocols and for its support, it has Revolt 2 Earn. At the time of writing, its value is $0.000000233. But it is a big loser of the week as it has lost 41.32% of its value of the previous week.

    KOK

    Blockchain needs to be enmeshed with good business services for the future if it wants to achieve accreditation and acceptance from the general populace. KOK wants to do that.  But it has currently unsuccessful in achieving this. Over the past twenty-four hours, it has sustained a loss of about 30.91%. At the time of writing, it is valued at $0.3231.

    Grid

    Built on the Ethereum blockchain, GridPlus develops cutting-edge secure hardware for cryptocurrency and other digital assets. Since it is pinged to a physical item such as hardware, its movement is straighter. It is valued at $0.3304 and over the past twenty-four hours, it has seen a loss of about 26.97%.

    DGD

    Currently valued at $128.81, DGD is seeing a loss of about 22.88% over the previous week and 41.80% of its value has just decreased over the last twenty-four hours. Just like GRID, DigixDAO tokenizes physical objects. With the increase in worldwide inflation, the price of DigixDAO is sure to decrease.

    MV

    Elemental Knights is an MMO game that has been running for a period of 14 years. GensoKishi is the metaverse version of the game. But the status of its token is in dire straits. Over the last week, MV, the native token of the GensoKishi metaverse, has sustained a loss of about 21.98%, taking its value to $0.316 per token.

  • Simple Things to Get into the Market

    Simple Things to Get into the Market

    DAO Labs

    For detailed information, see the DAO Labs airdrop page.

    Join their Telegram channel and group to communicate with them.

    You may follow them on Twitter.

    Give your details on the airdrop form.

    If you put in enough effort, you could earn up to 150 BUS

    ASK

    Go to the Home Page.

    By providing your details, you can register.

    Examine your email.

    100 ASK will be handed to you.

    Complete your daily tasks to earn more ASK.

    You can receive up to 100 ASK for each referral.

    Become an Ambassador to receive 300 ASK for every recommendation you make.

    Until you finish your KYC verification, the rewards will be kept in your “Pending balance” before being sent to your wallet.

    Basic Attention Token

    Download the Brave browser on your desktop.

    Start the browser and click on the BAT logo near the address bar and subsequently click Join Rewards.

    To reach the reward screen type “brave://rewards/” in the address power and Brave Ads on.

    By viewing the ads, you’ll automatically be given rewards

  • The Recovering Market and its Tales

    The Recovering Market and its Tales

    Bitcoin had a sharp price increase at the beginning of the week; however, it has since grown steadily more stable. It gradually started to drop over the past twenty-four hours. It increased by 12.27 percent in the previous week, but within the past twenty-four hours, it has decreased by roughly 1.20 percent.

    Highlights of the week

    • The current value of BTC is $22,902. It has made a weekly gain of 8.65% but over the last twenty-four hours, it has a fall in its value by 1.20%.
    • ETH is valued at $1591. But over the last week, ETC has been able to make gains of about 43.56% over the last week. It is expected to fluctuate throughout the rest of the year.
    • Nomad is a cross-informing stage for decentralized finance (DeFi). This was achieved during the expressed convention’s spanning, during which an expected 150 million dollars of its Total Locked Value (TVL) were broken and taken. This was achieved by eliminating wrapped BTC, wrapped Ethereum, wrapped USD currency, and others.
    • The Security Exchange Commission (SEC) is working towards execution against crypto fraudsters. It has currently charged 11 people for crypto pyramid scheme. Furthermore, the US attorney general is asking for any whistleblowers for giving it tip offs for any exploitative practice in the market.
    • Ethereum is expected to fork due to its limitations. But when this fork happens, the Proof-of-Work, Ethereum will split from the Proof-of-Stake Ethereum and both are to be listed in exchanges.
    • The major NFT gaming protocol, Axie Infinity, was hit by an attack in March. The Axie Infinity developers denies any accusations of wrongdoing as some of the AXS tokens were moved to another blockchain created by the same developers.

    Solana is attempting to improve its marketing by opening a physical store in New York that shall consist of web3 features with different devices.

  • New Entries to Keep an Eye On

    New Entries to Keep an Eye On

    Active ICOs

    inShape

    Another one of the fitness-based protocol. The token sale is to end five days from the writing of the article. At the time of writing, about $120k has been collected. There are a total of 45 million shape tokens, out of which 1 million are available for ICO sale.

    Metacloud

    This ambitious protocol is aiming to create a virtual reality metaverse that can overcome the limitations of reality. The ticker for the coin is CLOUD and it is based on the BEP-2- chain. Out of its total of 1 billion tokens, 15% of it is for sale. The sale is expected to end in seven days.

    Arrakis

    Arrakis is a protocol that is aiming in concentrated liquidity management. It is built on the Ethereum blockchain. The sale of the token is about to last till the 8th of September. The goal for the token has not been set yet.

    Upcoming ICOs

    BovinVerse

    This is a metaverse gaming platform that is expected to be played on Web 3.0. The ticker for Bovin verse is BVT and each BVT is expected to be around $0.035. The fundraising goal of the protocol is expected to be $175,000.

    Chirpley

    This is a web3-based marketplace that is enabling end-to-end automated influencing campaigns using AI. Built on the BEP-20 chain, it has a fundraising goal of selling 43 million tokens is about $0.021 per token. The sale is expected to start on the 19th of August.

    Tank Metaverse

    The TNK is a metaverse game where players are expected to play for money. 1.5 million tokens are for sale which makes the total 40% of the 1.5 billion TNK tokens.

    Ended ICOs

    Aura Network

    NFTs are the future and the AURA network is a scalable layer-1 blockchain that wants to make the world adopt NFTs in their everyday lives. The token sale was from 9th June to 27th July. Its goal was to raise $750,000 which it successfully did.

    Monopoly Millionaire Game

    The token sale for this coin lasted from 22nd July to 29th July. Built on the BEP-20 chain, the ticker for the coin is MMC. The fundraising goal was $300,000 and it was able to overachieve a fund of $1.3 million.

  • The Market Bounced. Here are some Coins that Moved a Lot

    The Market Bounced. Here are some Coins that Moved a Lot

    Lido Finance (LIDO)

    Lido is a platform where you can stake Ethereum. At the same time, it allows the users to take part in various works such as compounding and lending. In the past 24 hours, LIDO has been the top gainer and has increased in price by about 29.95%. At the time of writing, LIDO is being traded at the price of almost $2. It has a rank of 67 on coinmarketcap.

    Synthetix (SNX)

    A decentralized platform that offers exposure to crypto assets. SNX has been the second highest gainer in the past 24 hours as it increased in price by about 23.44%. It is being traded at the price of almost $3.71. SNX is listed on coinmarketcap at 85th position according to market cap. The project has been audited by Slow Mist. It has a market dominance of 0.04%.

    Bitcoin Gold (BTG)

    Bitcoin gold was made to be an alternate version of BTC itself. A project that is more affordable to the people. In the past 24 hours, the price has increased in price by about 22.12%. At the time of writing, BTG is being traded at the price of almost $26.82. Today, the trading volume has increased by almost 411%. BTG is ranked at 79th position according to coinmarketcap. It has a market dominance of about 0.04%.

    Qtum (QTUM)

    Qtum is a blockchain that uses proof of stake and smart contracts. In the past 24 hours, the price of the coin has increased by almost 20% and now stands at $4.37. In the past 24 hours, the trading volume has increased by almost 112%. It holds the 82nd rank on coinmarketcap. The coin has a market dominance of 0.04%.

    Ethereum Classic (ETC)

    Ethereum Classic was formed after forking Ethereum. It has smart contracts that support the development of decentralized applications (DApps). At the time of writing, ETC is being traded at $33.16. ETC has increased in price by almost 22%.  Today, the trading volume has increased by almost 290%. According to coinmarketcap, ETC holds the 20th spot with respect to market cap. ETC has a market dominance of 0.43%. It went on to create an all-time high at $176.16 which it achieved on 6th May 2021.

    All-Time High Coins

    Saddle (SDL)

    Saddle is an AMM (automated Market Maker) on the Ethereum Network. SDL went on to create its all-time high today around the price of $0.0243. Today, it increased in price by about 20%.

    MyConstant (CONST)

    This project aims to bring traditional finance (the fiat) and the metaverse closer to each other so they can work and help. CONST achieved its all-time high today at the price of $0.114. At the time of writing, CONST is being traded at the price of $0.112. Its circulating supply is currently 32% and is 45M coins.

    HumanDao (HDAO)

    It is a project that aims to use NFTS, DApps, and Defi to leave a social impact. Today, the coin went on to achieve its all-time high around the price of $0.0148. Currently, it is being traded at the same price.

    RevivalX (RVLX)

    RVLX aims to better the current situation in the Defi community. It is a community-based project based on BNB. It achieved its all-time high at the price of $1.48. Currently, it is being traded at the price of $1.45.

    Planet Alliance (STAR)

    It is a project that combines Stars and cosmos with the world of NFT and Metaverse. STAR created its ATH at $0.0000606 and currently is being traded at $0.0000601.

    Will the Fear Index go away in the Market?

    Greed and Fear are two sentiments that a trader shouldn’t have. Both of these sentiments have damaged trading from time to time. The index has been created to mark the people’s sentiments by taking different variables into account such as social media, trends, volume, and momentum and they rank it out of 100.

    Today the value os 32/100 which shows there is fear in the market. Last month, the index stood at 10/100 which shows extreme fear.

  • Some Important new development in the Crypto Space

    Some Important new development in the Crypto Space

    In the past 24 hours, the price of Bitcoin (BTC) has increased by almost 7%. At the time of writing, BTC is being traded at the price of $22.9k.  BTC is at the same price as it was a week ago.

    Ethereum (ETH) in the past 24 hours has increased in value by about 11.5%. The current price for one Ethereum (ETH) is $1,600. In one week, the price of Ethereum (ETH) has increased by about 9.17%.

    Crypto trading platform Kraken is being scrutinized as it is associated with abusing US sanctions by permitting clients in Iran to trade crypto.

    Web3 computerized identity platform Unstoppable Domains declared it has completed USD 65m in Series A financing driven by Pantera Capital at a USD 1bn valuation. The organization will utilize the money to fuel item advancement and develop its partnerships.

    Mining pool AntPool affirmed that it contributed USD 10m to help the Ethereum Classic (ETC) ecosystem and plans to contribute more.

    Crypto trading platform OKCoin reported that their risk team has as of late halted a multi-million scam focusing on the older, and brought back USD 1m from a sum of around USD 4.1m that was taken.

    Stablecoin Tether (USDT) said that its portfolio holds no Chinese commercial paper. Also, its overall paper has been again diminished to around USD 3.7bn.

    Blockchain project Flare Network declared its previously decentralized exchange (DEX), Pangolin Exchange, which will launch on the Flare mainnet when the mainnet itself goes live.

    Music maker Ray Illya Fraser (additionally realized by his stage name illaDaProducer) is joining NFT project Yuga Labs as the new Community and Partnerships Lead.

  • NFTs News and Development

    NFTs News and Development

    NFTs market is still going down. Many projects have become dead with developers abandoning them. Projects that have been launched have their floor prices dropped drastically with most of the community inactive.

    • Video social stage Coub.com declared the launch of a Watch-to-Earn (W2E) content adaptation model and its most memorable NFT marketplace in Q3, 2022. Each Coub NFT contains media resources, as well as a proportionate portion of all future W2E profit from the bought NFT
    • Soft beverage goliath Coca-Cola reported that it is giving selected NFT to proprietors of Coca-Cola collectibles on the festival of International Friendship Day (July 30). The collectible highlights a plan inspired by the air pockets in Coke containers, and when it’s shared with a companion, the one-of-a-kind artwork will be uncovered to the two holders,
    • Madonna eye’s Bored Ape #3756 which is listed on Opensea for $1.3M.
    • Months after carrying out its most memorable collection of non-fungible tokens (NFTs), the Dubai Police has said it will launch another collection at the 2022 release of The Gulf Information Technology Expo (GITEX). Individuals from outside the nation will also be able to claim these new Dubai Police NFT NFTs.

    NFTs to Watch out For

    Dapper Chicken

    It is a great assortment of 5006 of the neatest and very regarded Chickens. There are 6 1 of 1’s to gather that you can track down which are spread all through the collection and 5000 unique art to spread some joy on the planet.

    These are only for gathering and are priced incredibly decently with a maximum number of 20 minutes for each transaction.

    Wolf Boss

    WolfBoss is an NFT assortment of 4444 which was made to get leave an impression on the Metaverse. Go along with them as they stand out in a new area and spread the word about their presence upon the OpenSea. They center around building their community solid, hopeful, and brave.

    The assortment comprises different facial characteristics, outfits, frills, and more to get for your novel personality, each WOLFBOSS will be stand-out. Every NFT will be outfitted with game-prepared Avatars for future coordination into different titles once involved both Hi Poly (Next Gen) and Low Poly (Mobile/VR).

    Mutant Musks

    Mutant Musks is a 10,000 NFT assortment inspired by Elon Musk, with a Metaverse Game in the making that goes for the gold to find a genuinely new side to the word Metaverse with their Intergalactic Competitive Shooter Experience. The story of Mutant Musks starts as people arrange their first setup on the red planet of Mars. The game is being created by an expert group of game designers on the world’s best game development platform Unreal Engine 5.

  • Important Highlights and Developments this Week

    Important Highlights and Developments this Week

    Here are the top developments that happened around the market:

    • In the past 24 hours, Bitcoin (BTC) has dropped by almost 3.71%. BTC now stands at the price of almost $21k. Overall, we have seen that the price of BTC has decreased by 2.99% in a single week.
    • ETH was leading the market before, but now it is the one to drop more as compared to BTC. ETH has dropped by almost 6.71% in the past 24 hours. The price now stands at $1.4k.
    • Shared application building platform Holepunch reported the alpha launch of its video calling application called Keet, upheld by stablecoin backer Tether (USDT), crypto stage Bitfinex, and distributed frameworks engineer Hypercore.
    • Aptos Labs, a blockchain startup established by previous crypto chiefs at social media monster Meta reported a USD 150m series A financing round, drove by FTX Ventures and Jump Crypto, among different financial backers.
    • The Fair Political Practices Commission in California, US cast a ballot to support new guidelines permitting donations of crypto, per Los Angeles Times. Up-and-comers can acknowledge crypto donations as long as they quickly convert them into US dollars, and should utilize an enrolled crypto processor to deal with the exchange that will gather the name, address, occupation, and business of every supporter.
    • US-based significant bank Moelis and Company said it launched its Global Blockchain Group which will offer tailor-made advisory and assistance to both the organizations using blockchain as well as arising and driving blockchain organizations, remembering those trying to fabricate a presence for Web3.
    • IshanWahi, 32, a previous product manager at Coinbase, Nikhil Wahi, 26, and Sameer Ramani, 33, have been accused of wire extortion connivance and wire misrepresentation regarding a plan to commit insider trading by utilizing private Coinbase data.
    • NFT stage PREMINT, which was as of late the casualty of a hack, reported that it would repay survivors of the episode, having taken a snapshot of the floor cost of the taken NFTs to move Ethereum (ETH) to the impacted wallets in the following 7 days.
    • The tether (USDT) stablecoin is presently live on the blockchain network Tezos (XTZ), and the recently coordinated token is accessible for exchanging on the crypto stage Bitfinex.
    • com App has launched Google Pay in-application crypto purchase highlight, the statement said.
  • Coins with the most Movement this Week

    Coins with the most Movement this Week

    Top Weekly Gainers

    Trust Wallet Token (TWT)

    Trust wallet is a multi-wallet that supports different blockchains. Just like metamask, it is available on smartphones which makes it easy to take control of. At the time of writing, the native token is at the price of almost $0.8957. In the past 7 days, the price has increased by almost 9.43%. TWT is ranked 87th according to coinmarketcap.

    Qtum (QTUM)

    Built on the UTXO model, QTUM is a blockchain that is built on Proof of Stake. It also contains smart contracts for the development of different Defi applications. At the time of writing, Qtum has increased by almost 7.35%. Right now, it stands at the price of almost $3.34. QTUM is ranked 92nd according to coinmarketcap.

    Eos (EOS) 

    EOS is a blockchain that aims to be a network where developers can create Defi applications (DApps). At the time of writing, EOS is being traded at the price of almost $1.10. In the past week, the price of EOS has increased by 6.46%. Today, the price of EOS has decreased by almost 5%. EOS is ranked 45th according to coinmarketcap.

    Bitcoin Gold (BTG)

    Bitcoin Gold (BTG) was made to be an alternative to Bitcoin itself. At the time of writing, BTG is being traded at the price of almost $20.22. In the past week, BTG has increased in price by almost 6.44% making it the 4th highest gainer this week. BTG is ranked 90th according to coinmarketcap.

    Synthetix (SNX)

    It is a decentralized finance (Defi) application that aims to provide exposure to different assets. At the time of writing, SNX is being traded at the price of almost $2.99. In the past 7 days, the price has increased by almost 6.09% and in the past 24 hours, it has decreased by 10.69%. SNX is ranked 95th according to coinmarketcap.

    Top Weekly Losers

    Arweave (AR)

    A decentralized storage network called Arweave aims to provide a platform for the long-term archival of data. As of the writing of this article, AR is trading for roughly $12.15. The price has dropped by around 23.28 percent over the last week and by 5.41 percent during the last 24 hours. 81st place according to coinmarketcap for AR.

    USTC

    The decentralized and algorithmic stablecoin of the Terra blockchain is called TerraUSD (UST). At the time of writing, USTC is being traded at the price of almost $0.03318. In the past 7 days, the price has decreased by almost 22.33% and in the past 24 hours, it has decreased by 7.28%. USTC is ranked 99th according to coinmarketcap.

    Loopring (LRC)

    The Loopring (LRC) cryptocurrency token is an Ethereum-based open protocol for creating decentralized cryptocurrency exchanges. LRC is now trading at almost $0.3606 at the time of writing. The price has dropped by around 19.07 percent over the last week and by 6.29 percent over the last day. LRC is rated 72nd by coinmarketcap.com.

    GALA

    Gala Games wants to change the gaming landscape by returning ownership of the gaming experience to the gamers. Making “blockchain games you’ll actually want to play” is Gala Games’ goal. At the time of writing, GALA is being traded at the price of almost $0.04712. In the past 7 days, the price has decreased by almost 19.00% and in the past 24 hours, it has decreased by 6.34%. GALA is ranked 98th according to coinmarketcap.

    Solana (SOL)

    Decentralized finance (DeFi) solutions are offered by the highly functional open source project Solana, which relies on the permission lessness of blockchain technology. GALA is now trading for close to $35.77 at the time of writing. The price has dropped by around 18.69 percent over the last week and by 7.00 percent over the last day. The coinmarketcap ranking for Solana is 9.

  • ICOs: Good Opportunities to Get Early in Projects

    ICOs: Good Opportunities to Get Early in Projects

    Exceptional peer-to-peer payment system VisaMetaFi is decentralized, censorship-resistant, and fraud-proof. To do this, they are offering ground-breaking, blockchain-based solutions. Both integrating and using it are simple. The fact that there are no costs is the finest part.

    A program called MapMetrics uses cryptography to display users the best practical route from point A to point B, enhancing their navigating experience. The internet community optimizes the platform and updates real-time road conditions faster than any firm could. You build the platform, and you reap the benefits. It was constructed for the community by the community.

    Upcoming ICO

    A centralized hub providing a ground-breaking experience for fans of esports to play, interact, compete, and win is called CYBERIUM. ICO is taking place on Kommunitas. It will take place from July 31st to August 1st.

    With its detailed graphics and fighting systems, Kuakuma is a new RPG game. Koakuma is a P2E Gamefi 2.0 project created for users all over the world where players engage in epic battles utilizing specifically created NFT assets. It is packed with tons of things to explore and gain.

    Ended ICO

    The Fusotao Network is built on the Octopus network that stores assets and also confirms transactions. The ICO took place between July 25 and July 26.

    MCity is a brand-new SocialFi metaverse platform designed to be the most fantastical Metaverse setting where users may take part in social media and everyday modern life activities in a single 3D game. You may make friends, compete in games, and benefit from real estate investments in M-City. The ICO took place on July 17 and 18.