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Tag: Crypto

BetSwirl – The new Craze in Blockchain Gaming

BetSwirl, a new craze in DeFi’s neighborhoods, is causing quite a stir. BetSwirl is now available on Polygon after months of development, improvement, and preparation. This platform, which is created for Ethereum-compatible blockchains and is transparent and fair, seeks to safely and rewardingly thrill online gaming enthusiasts with their favorite games and more.

To begin with, the BetSwirl platform offers two games: dice and the classic coin toss. The project’s native token, $BETS, and either Polygon’s MATIC or USDC can be used to play either game. The diversity of currencies on the BetSwirl platform, as can be seen, is a tribute to the team’s commitment to making its ecosystem as versatile as possible. Fans of DeFi gaming and blockchain technology can profit from the BetSwirl project in a number of ways, as it is already on mainnet after successfully completing a bounty hunt and presale.

The obvious initial step, like with most DeFi ventures, is to purchase and hold the $BETS token. People that wish to stay for the long haul, on the other hand, can stake for the long haul and earn even higher returns on their assets. The ecosystem’s tiered referral scheme is another method to earn. The BetSwirl referral program, which was thoughtfully built by a people-centric team, will allow users to earn money without having to buy $BETS or play games on the platform.

But, in addition to the earning opportunities provided to consumers, BetSwirl will address a number of industry issues. For example, the platform employs a cutting-edge oracle to ensure actual randomization when users engage in gameplay. The developers’ work stems from a sincere desire to ensure that users of their platform are given a fair chance every time they toss a coin, roll a die, or play any of the platform’s games.

When it comes to ownership, the BetSwirl team is already planning to make the platform a fully decentralized independent organization in the future. This will ensure that holder of the $BETS token will have the power to vote on crucial topics and participate in the decisions that will determine BetSwirl’s future.

The BetSwirl team is also working on developing more significant relationships and partnerships across the DeFi business. This is especially important in order to keep the BetSwirl ecosystem up to date with the most cutting-edge and beneficial technology, techniques, and innovations that will assure the ecosystem’s future success in online DeFi gambling. The eventual winner will be a clear impact of all of these; directly and/or indirectly for holders of the $BETS token, investors, gamers, and everyone else associated with BetSwirl.

March 3, 2022
Ukraine Government to Announce Airdrop

As per SlowMist AML, a blockchain security firm that records crypto gifts got to the public authority, and four Ukrainian NGOs, the Ukrainian government, and non-benefit associations giving help to Ukrainians and the military have raised generally USD 53.5 million in crypto resources.

SlowMist asserts that crypto addresses posted by Ukraine’s true Twitter account have gotten the most donations, with USD 33.75 million in advanced resources drawn up to this point.

With USD 9.4 million raised, the ‘Come Back Alive’ NGO is in second place.

UkraineDAO, a crowdfunding campaign organized by PleasrDAO members in collaboration with the Russian art collective Pussy Riot and the non-fungible token (NFT) studio Trippy Labs, is the third-largest fundraising, raising roughly USD 11 million in cryptocurrency.

According to SlowMist, other organizations and NGOs such as ‘Unchain.Fund’ and ‘AidForUkraine’ have also received large amounts of crypto donations, raising USD 2 million and USD 1.5 million, respectively.

Ukraine’s official Twitter account announced early on March 2 that an airdrop had been “confirmed,” and that snap would be taken on March 3 at 18:00 Kyiv time, with a reward to follow.

Thousands of modest donations ranging from ETH 0.0001 to ETH 0.01 flooded the Ethereum network as a result.

According to Dune Analytics, the number of unique wallets that donated cryptocurrency after the airdrop announcement has already surpassed the number of unique wallets that were donated before the announcement.

Some in the crypto community said that the airdrop incentive helped spread the word even further, hinting that crypto users aren’t necessarily stepping up their fundraising efforts for the yet-to-be-announced reward.

Despite this, the surge in donations has pushed Ethereum donations closer to those of bitcoin (BTC). According to data compiled by crypto research firm Elliptic, BTC accounts for 33.3 percent of all crypto donations to Ukraine, while ETH accounts for 32.6 percent. Notably, Polkadot (DOT) donations have grown in popularity, accounting for 14.7% of all cryptocurrency donations.

Meanwhile, according to Etherscan, on March 7, 7 billion so-called Peaceful World (WORLD) tokens were created and sent to Ukraine’s crypto contribution address. It appears that this wallet is experimenting with airdrops. So far, nothing has been confirmed.

In addition, the crypto lending platform Nexo (NEXO) said that it would match 100% of all customer donations up to USD 500,000 to aid Ukraine. The words of encouragement come after the platform made a cryptocurrency donation of $100,000.

March 3, 2022
Convex Finance (CVX) – What is the Chart Showing Us?

The price of CVX is about $20.80 at the CVX of writing, up 11 percent in a single day and the rest of the market is also in green. It is currently one of the top gainers. Today, the volume has climbed by over 136 percent. The overall new volume is estimated to be roughly $104 million.

During this CVX, the low point was around $18.61 and the high point was around $30.10. According to the most recent data released by the coin market cap, the currency has risen to number 78th, indicating that it is on many traders’ watchlists.

CVX reached a near-all-time high in December, hovering around $63. The CVX coin has a very small supply of roughly 100M coins. Around all percent have been distributed in the market, according to coinmarketcap. As a result of this small supply, CVX has become gained a huge price with just a small market cap as compared to other coins.

Technical Analysis – Convex Finance

Moving down to the technical portion and starting from the Weekly Time Frame, for the past 6 weeks CVX has been printing bearish candles which have made a significant decrease in the value of the price. After this coin was launched on Binance, it went all the way up to $63.11, and afterward, it dropped hard till $16.21. Now as the price has an impulse down, on Lower Time Frame a correction of this wave can be expected.

Nothing more on the Weekly Time Frame, so moving down to the Daily Time Frame, it can be seen that price has been creating Lower Lows and Lower Highs, but price recently unfolded a Pole Flag pattern and followed it very closely. Moreover adding to it, the price also completed an ABCD pattern which is a harmonic pattern. So seeing these two unfold, some counter-trend longs can be taken.

Jumping down to the 4 Hour Time Frame, It can be clearly seen that the price did a structure shift and flipped the last standing Supply Zone so now the Demand Zone is in control. The bullish momentum that emerged was extremely strong which left a lot of Imbalance within it. Now price is reaching the last Demand from where buys can be taken till $24.81

Price Prediction – Convex Finance (CVX)

CVX has been one of the market’s most optimistic coins. Despite the fact that the price of CVX has risen dramatically in just a few days. CVX is expected to reach a value of $63.017 in a year, according to the wallet investor. When compared to the current price of the coin, this is an increase. In five years, the price is expected to reach more than $239.705. However, traders are enthusiastic about the price movement and believe it will be worth much more in the future.

March 2, 2022
Curve Dao (CRV) – Will the Structure Stay Intact?

At the time of writing, the price of CRV is about $2.71, up 8.68 percent in a single day, and the rest of the market is also up. It is now one of the leading gainers. Today, the volume has increased by more than 24%. The total additional volume is expected to be over $410 million.

The low point of this CRV was approximately $2.47, while the peak point was around $2.74. According to the most current coin market cap statistics, the currency has surged to number 70, showing that it is on the radar of many traders.

In August 2020, CRV achieved a near-all-time high, hovering around $23. The CRV coin has a total quantity of around 3.3 billion coins. According to coinmarketcap, around 14% has been dispersed in the market. As a result of the limited supply, CRV has risen in value despite having a lower market size in comparison to other coins.

Technical Analysis – Curve Dao(CRV)

Starting the technical analysis of CRV from the Weekly Time Frame. Observing the Structures first, it can be seen that the macrostructure is to the upside and this bearish move is merely a Correction of that bullish Impulse. Plotting the Fibonacci from the last Low to the last high, the price seems to be in the Golden Ratio and within the Wick which contains Order Block on the Lower Time frame.

Nothing clear on The Daily, so on 4 Hour Time Frame, the price has clearly shifted structures to the topside, flipping the last Supply Zone. The Wyckoff Schematics as well seems completed, so on the Pullback longs can be taken all the way up to $2.9. Although it’s necessary to check out for confirmations on lower Time Frame

Price Prediction – Curve Dao

CRV has been one of the most bullish currencies in the market. Despite the fact that the price of the CRV has climbed drastically in a matter of days. According to wallet investor, CRV is anticipated to reach a value of $4.368 in a year. This is a rise when compared to the current price of the coin. The price is predicted to exceed $12.5954 in five years. Traders, on the other hand, are excited about the price fluctuation and feel it will be worth much more in the future.

March 2, 2022
Dusk Coin gains 15% – What is It?
Dusk Network is a security-centered blockchain and distributed ledger system (DLT) that intends to give monetary applications programmability and audibility. Sunset Network gives foundation to associations to tokenize monetary resources and computerize exorbitant activities as a Layer-1 blockchain that permits secret brilliant agreements.

A versatile and public blockchain, direct settlement conclusiveness of exchanges, information protection, and the Confidential Security Contract (XSC) standard, a true norm for security token creation, are terrifically significant parts of its engineering.

On January 16, the Dusk Network coin hit an untouched high of $1.0324. Would the bull be able to run go on despite a more extensive digital money market slump, and what factors are impacting the Dusk Network cost conjecture?

What is the DUSK coin?

What is the reason for the Dusk Network? The venture’s appropriated monetary market foundation (dFMI), which offers close moment last repayment of exchanges, is a critical part.

Confirmation of-blind bid, created by Dusk Network, is a more performant agreement than proof-of-stake (PoS). This strategy safeguards network protection and settles exchanges in under 15 seconds.

Dusk Network additionally works as a blockchain convention for the arrangement of programmable zero-knowledge smart contracts, supporting the advancement of a security-centered decentralized application (dApp) ecosystem.

Dusk Network permits organizations to make tokens that are overseen by protection-saving smart contracts. Dusk is the task’s own local digital currency.

Critically, while executing with DUSK, the Dusk Network convention is intended to safeguard your security. There are two layers to it: a local convention resource and a general figure layer.

Dusk is a BEP-20 and ERC-20 viable coin that might be utilized in an assortment of ways:
- utilized for marking
- traded for Confidential Security Contract (XSC) based tokens in one-way and nuclear exchanges
- used for on-chain administration inside XSC
- block rewards are conveyed to agreement members by means of a DUSK-characterized instrument
The XSC standard is chiefly utilized by Dusk Network. It was made determined to permit non-managed and directed resources for cooperation in a smooth way inside the convention. The undertaking can be utilized as security safeguarding sidechain for any current Layer-1 convention on account of various interoperability arrangements.

The way that Dusk Network depends on public and open-source DLT implies that any organization can utilize security-saving blockchain innovation for enormous scope worldwide coordinated effort. Its local token, DUSK, is exceptionally flexible, permitting it to be utilized to start exchanges, nuclear trades, and savvy contract sending.

Nightfall Network likewise utilizes progressed encryption procedures including zero-information cryptography. It gives organizations the devices they need to consent to the General Data Protection Regulation (GDPR) and monetary market rules.
March 2, 2022
Solidex Finance Attracts $2.18B

Solidex Finance has attracted $2.18 billion resources in only a couple of days since sending off on the Fantom blockchain, placing it in the 22nd spot in general in DeFi as of Feb. 28, as per DeFi Llama, which estimates complete abundance secured up digital currencies (TVL).

Solidex is at present in front of hot tasks like Osmosis and DeFi staples like Synthetix as far as TVL.

Anyway, what’s attracting the cash ready? Clients are rounding up symbolic motivators from the stage, which is obvious.

Yield Optimizer

As per the venture’s portrayal, Solidex is “a convention to enhance yield, casting a voting power, and liquidity provisioning on Solidly.” In a word, the task is based on top of Solidly, a Fantom-based decentralized platform. The task is driven by Andre Cronje, the creator of Yearn Finance.

Determinedly and Solidex both have tokens that they give out as prizes to clients that store cash in their smart contracts. Clients store resources into liquidity pools to work with token trades in Solidly, which is even in front of Solidex with $2.18 billion in TVL. This is equivalent to some other automated market creator (AMM).

Clients procure SOLID tokens in return for giving liquidity, which they can secure for veSOLID tokens. These give holders a case on Solidly exchanging expenses as well as the capacity to cast a ballot to increment rewards. Assuming this appears to be recognizable, this is on the grounds that the CRV token from Curve Finance works in basically the same manner as SOLID.

Solidex works much the same way as Curve and its unified undertakings in that clients can secure their liquidity supplier (LP) tokens mirroring their Solidly stores and be paid in SOLID tokens yet in addition Solidex’s SEX tokens.

Indeed, even with stablecoin-sets, which are a protected option in light of the fact that neither one of the tokens is unpredictable, clients can make a 19.3 percent APR with a Magic Internet Money (MIM) and USDC pool as of Feb. 28. Clients can likewise change over their SOLID tokens into SOLIDsex tokens, which they can wager for an APR of 841% as of February 28.

CryptoYieldInfo

Strong, as per CryptoYieldInfo, a DeFi powerhouse, has a preferable future over UNI, the badge of crypto’s lead DEX, Uniswap. As per CryptoYieldInfo, dissimilar to UNI, which gave 40% of its token to the Uniswap group, consultants, and financial backers, 100 percent of SOLID tokens have gone to the overall population.

Andre Cronje is popular for delivering 100 percent of Yearn’s YFI tokens to general society, conceivably the most impartial symbolic circulation ever.

CryptoYieldInfo, obviously, is as of now searching for the following yield cultivating an open door. On Feb. 25, the powerhouse tweeted, If you’re enjoying $SOLID, you can be almost immediately a comparable play on metis that can acquire from the test in the push of strong. Metis is an Ethereum Layer 2 token, and CryptoYieldInfo is taking a gander at a coin with the HERMES ticker, which seems, by all accounts, to be another AMM token.

March 2, 2022
Waves (WAVES) -Top Gainer and What Now?

Waves after making its All-Time High, which was at $41.86, started breaking structures to the downside. The price has just Impulse to the upside after it was released. So a correction of this Impulse was necessary which is being unfolded right now. This is being observed on the Monthly Time Frame, so talking about the decrease in price, in the past 4 months Three bearish candles decreased the price of Waves by 88% while the last month was a gain of 78%. Now, this Bullish candle can be considered as a correction of the bearish wave which itself was a correction of the first wave which was bullish in nature after it was launched.

Nothing more on the Monthly Time Frame, so moving down to the Weekly Time Frame. On Weekly Time Frame, first checking out the Structures, the structure is still to the downside. The price recently flipped the most recent Demand Zone, so probably the Supply Zone is in control. Checking out the Momentum, the price of Waves did push upwards and bullish momentum was seen but overall on a macro scale, the bearish Momentum still is very strong. While it was pushing down, 13 consecutive bearish candles were observed which shows a lot of strength bears had. Both, the Momentum and structure to the downside show that only shorts positions must be preferred. The Order Flow is to the downside, Most people after strong momentum get in the reversal which most of the time fails.

Moving down to the Daily Time Frame instead of the 4 Hour time frame on Waves, because on 4 hours, there is nothing special, just a big pump which was most definitely due to the BTC influence. Now going over the Daily Time Frame, it can be seen that price recently tapped in a Hidden Order Block which was sitting within the wick. The price reacted off it beautifully. Below that there was Trendline Liquidity which got taken out and the price has now the necessary fuel. It can’t be ignored that price flipped a supply zone as well on a micro stage and also did a shift in the market structure below as it was unable to create a lower low. Talking about the invalidation point, if the level of $20.11 gets violated the whole scenario would get invalidated, while talking about the targets, the level of $13.36 can serve as a great one as the price can bounce from that as that is the last demand zone in control

March 2, 2022
ADALend – New Lending Platform on Cardano (ADA)
While digital forms of money and blockchain innovation are as yet in their early stages, they are quickly acquiring footing, with organizations embracing this new, imaginative, and problematic innovation that is changing numerous businesses, including the monetary area.

The loaning business is today a multibillion-dollar industry, with banks and other monetary associations giving advances to people and organizations the same; yet, it has been tormented by worries of trust and straightforwardness. On account of the decentralized idea of blockchain innovation, another age of financing stages has arisen, for example, ADALend, which expects to handle these issues by giving a straightforward and trustless stage for the two banks and borrowers.

The Cardano blockchain is the establishment for ADALend, a decentralized loaning framework. The venture’s motivation is to make a decentralized, less expensive, and quicker loaning stage than the conventional financial framework, with a long haul and stable foundation equipped for taking care of enormous scope credit tasks.

ADALend is utilizing the most exceptional innovation and the most proficient blockchain open to convey its items and administrations, a model that other DeFi tasks will continue in the future to oversee development, extension, and reception as a standard other option.

The organization was made by a gathering who needed to perceive how blockchain innovation might be utilized in the financial area. Rather than going to conventional banks, the designers will furnish individuals all around the world with admittance to monetary things readily available by fostering a trustless and totally decentralized loaning climate.

ADALend’s IDO

On March eleventh, 2022, ADALend, a decentralized loaning stage, will make a big appearance its IDO. On the accompanying launchpads, the IDO will be open for support:
- ADAPad
- BSCPad
- VelasPad
- PulsePad \sETHPad
With the effective send-off of its IDO, ADALend is continuing on to the following period of its mean to make a more comprehensive and open decentralized loaning climate. As new elements are added, the stage will keep on growing; keep awake to date by following ADALend to become familiar with the following guide and expected future turns of events.

The loaning business is worth billions of dollars. Decentralized loan specialists can catch this cash, however, a couple of stages have steered critical moves toward this path up until this point. ADALend has decided to situate itself as a forerunner in this new monetary area worldview that is right now being understood, among numerous who have.
March 2, 2022
Merchant Token – New Protocol

Cryptocurrencies have taken over the world with the promise of decentralization and eliminating the middle man. Bitcoin was the first and established these fundamentals, but its limitations have prevented it from becoming mainstream. As a result, projects like Cardano and Ethereum have been created to fill in the gaps, but they’re doing so by creating a whole new ecosystem that aims to replace the current global payment system.

This has proven to be extremely difficult, but it has also allowed certain centralized platforms to gain significant market share by acting as a link between current infrastructure and this revolutionary new payment system, circling it back to being a centralized payment system without the need for a “middle” man, with the difference that previously we had banks controlled by governments and hedge funds, and now we have “Crypto Projects” such as Binance, Coinbase, and others such as Mastercard, Vis,a and Paypal.

About Merchant Token

Merchant Token is focused on customer protection, as it is developing a fully decentralized protocol that will not only provide customer protection but will also allow crypto payments to be made directly on POS terminals, focusing on existing payment infrastructure while adhering to local and regional regulations and keeping the system decentralized.

HIPS Payments Group is the firm behind the project’s development; it is a fully regulated corporation with a team with over 20 years of expertise in the payment sector. The creation of such a revolutionary project takes time, but it has already achieved significant goals.

The MVP has effectively been delivered and it was as of late finished permitting the group to move to additional transformative phases, and with so many leaving achievements coming this very year, for example, a Bridge to the Binance Smart Chain, the fourth Listing on a Centralized trade and, surprisingly, the arrival of the Alpha test, this seems like the ideal chance to bounce on this train thinking about that this venture has an exceptionally restricted supply of just 92.5 Million Tokens and it is presently exchanging at an extremely low cost assuming we consider that this is an undertaking that right now has no contenders and that plans to fill a piece of the market that has tons of shoppers.

March 2, 2022
BTC and Altcoins Rally Again

As the overall crypto market cap approaches $2 trillion, Bitcoin’s (BTC) push past $40,000 with a 15% daily increase, a historic high for the world’s largest cryptocurrency by market value, has been felt in ether and numerous layer-1s. It is consolidating its gains presently and may find support near USD 42,800. The next major support level is near USD 42,200, below which the price may drop to USD 41,200. On the upside, the price is coming up against resistance near USD 44,000. Any further gains could push the price towards USD 45,000.

As per the New York Times, battling finds continued after peace talks among Russia and Ukraine finished with no outcome other than to meet once more. As indicated by CoinGecko, Bitcoin (BTC) was exchanging at more than $43,000 by late morning Asia time.

“Seven days into a colossal international/military episode, Bitcoin (BTC) is beating gold,” said macroeconomic planner Lynn Alden on Twitter, highlighting Ukraine and Russia’s similarly solid crypto utilization. On Chainalysis’ crypto reception list, Ukraine is positioned fourth, while Russia is positioned eighteenth.

According to CoinGecko, if there is a closing over the USD 100 barrier, the bulls may try for a greater advance. Solana was up 11.4 percent to $97 at the time of writing. Near the USD 105 mark, the next major barrier exists. On the other hand, Ether was up 11 percent on the day to $2,900. The price of Ethereum accelerated past the USD 2,750 barrier mark and cleared the USD 2,900 level, bringing its gains to 11%. The price may surge towards USD 3,120 if there is a clear move above USD 3,000. On the downside, the first level of support can be found near USD 2,850. The next important support level is near USD 2,800, below which the price may test USD 2,750.

Other layer-1s witnessed double-digit increases as well. At the hour of composing, Avalanche was up 17% to $86.70, while Cardano’s ADA coin was up 9.7% to 96 pennies. The cost of Cosmos’ ATOM token expanded by 16% to $31.75.

The quantity of exceptional Tether moves contacted a month-to-month high, as indicated by Glassnode information, suggesting that merchants who changed out during the primary vulnerabilities of the Ukraine emergency are moving resources around in anticipation of a reemergence into the market.

By and large, Bitcoin (BTC) costs burst through various obstructions at USD 40,000 and USD 42,000. BTC might address lower, in spite of the fact that plunges beneath USD 42,000 might be limited.

March 2, 2022