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Tag: Arweave

  • A Snap of the Top Up & Down Movers of Past Week in the Crypto World

    A Snap of the Top Up & Down Movers of Past Week in the Crypto World

    The crypto world is bleeding red — investors are in a frenzy — the Kind and Queen are both in a downtrend. But even at times when fear is looming overhead and investors are treading low and slow, there are still coins/tokens making some good gains. Here are the top five gainers of the past seven days to watch out for:

    BarnBridge (BOND)

    Launched in 2020, BarnBridge (BOND) is a protocol for tokenizing risks. This altcoin from the DeFi sector has outperformed the market in the past seven days, as it gears up for its next phase, the anticipated release of version two (V2). Trading at $19.44 at the present, BarnBridge (BOND) has declined by 5.28% in the past 24 hours. This comes after a gain of 109.27% in the past seven days.

    Neoteric (NTRC)

    A soft fork of the RFI and Liquid on ERC-20, Neoteric (NTRC) has the combination token-mechanics of RFI and LIQ. The frictionless Yield Generation (Hold and Earn) and Perpetual liquidity meta-market-making mechanism of which grows liquidity with the execution of trades. In the past seven days, NTRC gained 134.88% while it has added 70.43% in the past 24 hours. Neoteric (NTRC) is currently trading at $0.004666.

    Saudi Shiba Inu (SAUDISHIB)

    A decentralized Finance (DeFi) token on the Binance Smart Chain (BSC), Saudi Shib Inu (SAUDISHIB) has an NFT platform and owns NFT collections. Moreover, the auto staking feature of the token imparts benefits to the holders from the reflections on every transaction. Currently, Saudi Shib Inu (SAUDISHIB) is hovering at $0.000000001063 with a decline of 42.13% in the past 24 hours. The token went up by 47.84% in the past seven days.

    Grove (GVR)

    Built for the future of our planet, Grove (GVR) is a decentralized, secure green token. Grove (GVR) promises a healthier and wealthier future in an environmentally conscious way. In the past seven days, Grove (GVR) shot up by 17.98%. The token is present in the red with a decline of 27.86% at a price of $0.00000000143.

    SpaceMine (MINE)

    SpaceMine (MINE) makes a solar planet metaverse where users mine minerals on planets. The minerals are then swapped with its tokens (MINE), which in turn are cashed in listed exchanges. SpaceMine (MINE) has continued trading in the green with seven-day gains at 140.39% and the past 24-hours gain at 6.18%. Currently, the token is trading at a price of $0.4106. Before this, the token managed to amass 12.12%% in the past seven days.

    Given the market situation and the wider bearish sentiment, there is no shortage of losers in the crypto world. Let’s have a look at the top five losers in the past seven days:

    Arweave (AR)

    Arweave is a decentralized storage network that hosts “the permaweb” — a decentralized web that has numerous community-driven applications and platforms. Arweave is focused on managing world-archived data to ensure zero tampering. Arweave (AR) spent the past seven days in the red with losses of over 16.83%. The token has added 1.25% in the past 24 hours at the current price of $12.47.

    Solana (SOL)

    Providing DeFi solutions, Solana (SOL) banks on blockchain technology’s permissionless nature. This highly functional open-source project has an innovative hybrid consensus model. Many experts anticipate the token to go big in the upcoming years despite the current bearishness. Solana (SOL) suffered quite a bit in the past seven days as it shed over 16.18%. The token is currently trading at $36.77, adding 2.47% in the past 24 hours.

    Aave (AAVE)

    Aave (AAVE), a decentralized finance protocol, allows users to lend and borrow cryptocurrencies. The token had been making some moves as DeFi recoveries gave a flicker of hope to crypto. But alas, the uptick could only last so long as the token then succumbed to corrections. AAve (AAVE) hence lost a value of 14.91% in the past seven days and is now trading at $82.22. This suggests an uptrend of 1.27% in the past 24 hours.

    Quant (QNT)

    Launched in June 2018, Quant (QNT) is the first project that solved the interoperability problem. It did so by creating the first blockchain operating system. With the aim of bridging the gap between different blockchains, Quant (QNT) is built as an operating system distributed ledger technology — and Overledger Network.  In the past seven days, Quant (QNT) has declined by 9.57%. The token is now trading at $95.02 with a gain of 14.48% in the past 24 hours.

    TerraClassicUSD (USTC)

    A decentralized, algorithmic stablecoin of the Terra blockchain, TerraUSD (USTC) is a scalable, yield-bearing coin. Value-pegged to the U.S. Dollar, TerraUSD (USTC) promises a higher level of scalability, interest rate accuracy as well as interchain usage. Having plunged by 9.93% in the past seven days, USTC is now trading at $0.03736. This marks an increase of 12.01% in the past 24 hours.

  • 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.

  • Ethereum (ETH) decoupling and Highest Movers

    Ethereum (ETH) decoupling and Highest Movers

    Top Gainers

    Lido DAO

    Lido is a staking platform for Ethereum. LIDO has gained a lot in the past 7 days and we have seen that the price has increased by more than 100% in the past (precisely 136%). At the time of writing, LIDO is being traded at the price of almost $1.45. In the past 24 hours, we have seen the price drop by almost 12%.

    Ethereum Classic (ETC)

    The classic version of Ethereum is Ethereum Classic which was the original fork of Ethereum. With Ethereum leading the market no wonder ETC is also pumped. In the past 7 days, the price has increased by almost 80%. In the past 24 hours too, the price has shown a movement of almost 10% in green and now stands at the price of almost $25.50

    Matic (MATIC)

    The first well-organized, user-friendly platform for Ethereum scaling and infrastructure development is called Polygon (formerly known as Matic Network). With Ethereum (ETH) gaining a lot and decoupling from BTC, we have seen the Ethereum scaling solutions jump too. In the past 24 hours, the price of Matic has increased by 0.73% and in the past 7 days, the price has increased by almost 57%.

    Arweave (AR)

    It is a storage platform that aims to make its name in this field. In the past 7 days, AR has been one of the top gainers in the top 100 cryptocurrencies. It has gained almost 45% in the past week. It now stands at the price of almost $15.85.

    Ethereum (ETH)

    The coin that has decoupled itself makes so many coins rally. Ethereum has performed massively amazing in the past 7 days and we have seen the price touch the mark of $1,538. In a single week, the price has increased by almost 43%.

    Curve Dao (CRV)

    With the market showing a relief rally, CRV has also shown a bullish movement upwards. In the past 7 days, CRV has increased in price by almost 41%. At the time of writing, CTRV stands at the price of almost $1.26. Today, the price has lost only about 0.50% of its value.

    Top Losers

    USTC

    The decentralized coin of the Terra network that is now part of the Luna Classic is USTC. At one point, the price of USTC was pegged at $1 but now, the price has dropped to almost $0.04264. In the past week, among the top 100 cryptocurrencies, USTC is the highest loser and has lost almost 3.52%.

    UNUS SED LEO

    It is the native coin for Bitfinex exchange and has a number of uses on the platform. In the past 24 hours, the price has decreased by almost 2.47% and now stands at the price of almost $5.22. It is the second highest loser in the top 100 cryptocurrencies.

  • Why is Arweave (AR) Trending?

    Why is Arweave (AR) Trending?

    ArDrive seeks to shake up the access rails that feed files into Arweave’s blockchain-based data storage.

    The company informed a news outlet that it plans to use the $17.2 million it raised to build a decentralized alternative to arweave.net, a vital (but currently controlled) gateway for uploading content to Arweave’s on-chain hard drive, the “permaweb.”

    According to Phil Mataras, ArDrive’s founder, gateways are like the main door to the permaweb. All of the apps connect to the gateway to push data up, query for it, or transfer a transaction from one wallet to another.

    ArDrive seeks to shake up the access rails that feed files into Arweave’s blockchain-based data storage.

    The company informed CoinDesk that it plans to use the $17.2 million it raised to build a decentralized alternative to arweave.net, a vital (but currently controlled) gateway for uploading content to Arweave’s on-chain hard drive, the “permaweb.”

    According to Phil Mataras, ArDrive’s founder, gateways are like the main door to the permaweb. All of the apps connect to the gateway to push data up, query for it, or transfer a transaction from one wallet to another.

    Almost all of Arweave’s data has come in through the core team’s original gateway service, according to Mataras. AR.IO, a proposed decentralized network, might change that by allowing anyone with the technical know-how and around one MacBook Pro’s worth of spare computing power to host their own gateway.

    Arweave is one of a few blockchain-based platforms that aim to make decentralized file storage more mainstream. Arweave, Fliecoin, Akash, and Storj all offer uncensorable, low-cost file storage, and they’re all growing fast in comparison to cloud giants like AWS.

    Arweave presently has over 1,000 nodes, 150,000 users, and 157 million files, according to Arweave co-founder Sam Williams. Every day, the network adds around 1.5 million files.

    The token’s primary purpose, however, will be as a type of gateway collateral. To demonstrate their dedication to the network, operators will stake AR.IO tokens against their users’ balances. Naughty operators risk having their collateral slashed, like with other staking-based consensus processes.

    Users, who are wanting to keep their data in a permanent, decentralized form, will be able to define their own terms, charge their own fees, and fine-tune their services for gateway operators. The technical entrance hurdle is intended to be low, although Mataras stated that “we’re prepared” for corporates who choose to run “large, scalable gateway gear.”

  • Arweave (AR) – At a make or break Position?

    According to coinmarketcap

    “Arweave (AR) is a decentralized storage network that seeks to offer a platform for the indefinite storage of data. Describing itself as “a collectively owned hard drive that never forgets,” the network primarily hosts “the permaweb” — a permanent, decentralized web with a number of community-driven applications and platforms.”

    At the time of writing, Arweave (AR) is being traded at the price of $56.78. The price has dropped by almost 7.07% in the past 24 hours. The daily trading volume has also dropped by 19.57% today. It is listed on coinmarketcap on the 76th spot and has a market dominance of about 0.07%.

    Arweave has created its all-time high, this month and had achieved a price of $91.08. Overall this month is printing a bearish candle and has currently dropped by 1.70% this month. The total supply of Arweave is 63M while the circulating supply is around 33M.

    Technical Analysis – Arweave (AR)

    Arweave (AR) is currently at a very important zone that should be observed very carefully. The price on the daily time frame moved upwards and broke the structure towards the upside. This led to the creation of an order block on the daily time frame. The price went high but wasn’t able to sustain it and came down into the same zone where it was before.

    Now the price is currently testing the trendline, which it has respected many times before. If this breaks we can expect the price to come down to the orderblock which initiated this move. But at the same time, we would be ranging in the lower chart which would open the other zone for us. This would take the price down to the bottom OB which could potentially serve as a bottom.

    If the price wants to stay bullish, we would like the price to stay above the trendline and bounce from here. Otherwise, we can expect a lot more bloodshed in the market.

    Price Prediction

    Arweave is a strong project. Providing a platform for storage purposes is highly useful and as such, they would be highly bullish in the future. According to the wallet investor, the price of Arweave (AR) is expected to reach a value of $138.04 in a year. For five year plan, the price is expected to reach a value of $411.159.