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Tag: Crypto

JustStable (JST) Is a Top Gainer – Here is Why

JustStable or JUST is built on the Tron-20 smart contract. Tron itself, although employing and managing various kinds of assets, their daily use is questionable. Most probably due to their high volatility. USDJ is a stable coin that can use TRX to create USDJ. JUST is a further categorization of the USDJ stablecoin into a finance system. There are two main features of this coin: one is the decentralized governance where the JST (the utility token of JUST) holders have control in the currency according to their share. The second is the availability of the JST across the globe.

Recently, JST has been in the news. Bitexen is a Turkey-based cryptocurrency exchange. It has announced five new tokens to its listing. One of those five is JST. Although small (Bitexen has a daily trading volume of only $85 million), it is registered with the governmental institutions of Turkey. Also, there are only 150 currencies on the platform so $85 million seems to be concentrated in particular cryptocurrencies.

Currently, a lot of liquidity is being pumped into the coin. The value of USDJ has decreased to almost 90 cents. This means that decentralized collateral debts are being either liquified by investors or are being converted into JST. This might also explain its increase in price. The Stock Market is in a frenzy right now which might be having an effect on this pumping into JST.

Price Movement – Just (JST)

At the time when this article is being put down into words, the current value of the JST token is $0.06593 with a trading volume of $720,035,277. This is an increase of about 357.07% increase over the past twenty-four hours. There are currently 7.30 billion JST in supply out of the total 9.9 billion. JST has also been audited by SlowMist. They have declared it to be secure.

Although the coin has made a huge jump recently, its forecast isn’t showing anything positive. Wallet Investor predicts a value of $0.0477 by the end of 2022 and its value reaches only $0.0789 by 2026. Digital Coin Price, on the other hand, has been more generous with its forecast. It predicts that by the end of 2022, the coin will have reached a value of $0.0883 while by the end of 2025, its value is going to be around $0.1304.

February 4, 2022
Polkadot (DOT) – How can the Price React Now?

Moving on to the technical analysis for DOT, we will start from the weekly time frame, the price of DOT has very correctively approached the weekly time frame, and has been rejected off it. It has also made a famous pattern called head and shoulder and price has almost completed that. Now when these famous patterns are formed, they are very likely manipulated. A head and shoulder pattern according to the textbook shows bearish intention, so the majority would be expected a sell of this but as mentioned before, the institution tends to manipulate such patterns, so it’s very likely that they might push the price of DOT towards the upside and take out the liquidity and then depending on the condition, the next move of the price can be anticipated.

Moving down one Time frame, which is the daily time frame, the price is very clearly breaking structures to the downside, so this makes the order flow bearish. Now if we observe, after every Lower Low, the price is making Lower Highs and recently the price has just made a lower low so now according to the market structure, the next lower high can be anticipated which is to the upside so this gives a bullish bias again.

Lower Time Frame – DOT

Now moving down to the 4 Hour time frame, the price within the structural range has shown some great confluences which overall shows that price may push to the upside. First talking about the structure, the price was pushing to the downside, but recently the price took out the sell-side liquidity and showed the change of character which according to Wyckoff shows bullish intentions. Now moreover the price to both sides created liquidity. The top side was recently cleared but the downside still remains intact, and it’s very possible that after taking out the below liquidity, it might push to the upside. Now talking about the targets, the order block which is at $22.03 remains unmitigated, which may drive the price upwards.

Moreover, as there was some inducement and imbalance as well just below that order block, it’s very likely that that order block might hold or price may even react to it for some time. The first order block should be around $20.72 as that’s equal to highs and the price may stop hunt and fall. Talking about the invalidation point, in case if price violates the structural low, this whole scenario would get invalidated and other biases should have opted.

February 4, 2022
Hedera Hashgraph (HBAR) – Recent Price Action

According to the market cap, the entire quantity of HBAR is around 50 billion, with less than half of it, or 18 billion, now in circulation. With a market share of almost 0.25 percent, it is placed seventh in terms of market capitalization.

HBAR is presently selling at $0.2417 per coin, a rise of roughly 11.81 percent in a single day. The high and low for today are $0.246 and $0.2157, respectively. On the other hand, daily trading volume has increased by more than 238 percent. HBAR reached an all-time high of about $0.576 in September 2021. During the dip, the price dropped to around $0.18 in January 2021. The price began to fall, although, like many other coins, the reversal was relatively feeble. In general, the price is making higher highs and higher lows. The price of HBAR increased by over 9.16 percent in February.

Technical Analysis – HEDERA HASHGRAPH (HBAR)

HBAR has been on the bullish coins at one time. A few months back, we had seen huge gains in the price of HBAR and it was continuously increasing in price. But the drop in the price hit it hard and we saw serious drops in the price. Now being traded at a fraction of what its all-time high value was.

Now the recent price action of HBAR is very bearish in nature until proven otherwise. We can see that the price started to create higher highs and higher lows. but it can be looked at as an ascending correction. Different confluences are present. First is the unmitigated order block that is present above the current price. This can drive the price upwards from where a reaction can be expected. Second is the equal highs that the wicks have formed. Following the AMD pattern, we can expect a rejection from this level.

Price Prediction – HEDERA HASHGRAPH (HBAR)

HBAR is a terrific investment that will bring excellent rewards. HBAR is also seen as an excellent investment by Digital Coin Price. They predict that in a year’s time, the price would rise to $0.38. The price is predicted to reach $1.04 in seven years. The price is predicted to reach an all-time high in a year, but they believe that a long-term hold is extremely rewarding. Traders, like them, are positive about the price trend and believe it will retain much more value in the near future.

February 4, 2022
Everything you need to know about EverBNB

EverBNB is one of the BNB reflection tokens that operate on the Binance Smart Chain, allowing users to be paid in BNB for every transaction and merely holding tokens. Users or investors must have a minimum of 200,000 tokens to be eligible for the incentive. On each buy or sale, 5% is taken, and 5% is redistributed to all token holders. You are not required to claim your earned BNB. With the aid of its auto claim feature, you will receive a reward in your wallet instantly.

EverBNB is a BNB utility token that is built on Binance smart contracts. Today, Binance is a crypto trading platform that is faster and more secure than Ethereum and other blockchain networks. The firm is focused on secure transactions and trading so that clients may receive proper benefits for their investment. The token has a consistent functioning pattern, and clients will receive various incentives and enjoy the services.

DXlock is used to secure the initial liquidity offered. For investors, the liquidity ratio of BNB is 2%. The liquidity system will aid in the establishment of a price floor. They aim to avoid token hyper-distribution when whales intend to sell their tokens later in this ground, keeping the price from stabilizing.

Staking

In this regard, the EverBNB staking method is advantageous. They enable investors, including individuals with little technical expertise in cryptocurrencies, to stake and collect proof of stake (PoS) tokens. Because staking bitcoins necessitates particular technological crypto understanding and pliability criteria that are not always accessible to the general population. Customers are provided with the required skills and knowledge, as well as the capacity to verify stakes, through the BNB staking system; potential investors may earn big returns on their investment while putting in minimum time and effort. With the quick rise in bitcoin staking, staking platforms sprung up all over the place, allowing investors to receive staking bonuses. Customers who wish to make a passive income from their investment might choose BNB staking.

Transaction Fees- EverBNB

When a consumer utilizes our utility token, EverBNB provides several alternatives for receiving incentives. Our Binance smart contract is a fast and progressive trading platform where the user may earn passive revenue. Furthermore, the key advantage of using the BNB coin is that it will reward each transaction. EverBNB transactions have much cheaper costs than debit and credit card transactions, as well as wire transfers and BACS payments.

February 4, 2022
QUANT growing after the Overledger Update

Instead of referring to itself as a blockchain, the people at Quant refer to their protocol as a Distributed Ledger Technology or DLT. Overledger (another name for Quant) professes to have three fundamental features. One, the universal interoperability. Various blockchains need to be connected as a forex exchange. Overledger endeavors to create something similar using their unique architecture. The second is that it is enterprise-oriented. This means the protocol has an overall view of every regulatory standard and its user-friendly interface and availability can be conveniently be installed to any IT setup. Lastly, it is a technology of the next generation. For transition to DLT employment for operations, there needs to be a proper convenient medium. Overledger plans to do that.

From this, we can understand that QUANT is a business-friendly DLT. The prospect of this whole coin rests on how it enables its business to use multiple kinds of blockchains and get considerable dividends to the investment made.

Recently, Quant has had a recent spike in its growth. The upward climb started from the second of February. The most probable culprit seems to be the new Overledger update. This update is going to enable Quant to make smart contracts. Quant wants to connect the various DLTs, essentially aiming to become a gateway.

The update had other new features as well such as making a credit transfer to initiate a QRC20 token payment, starting a debit transfer, and the pre-approval of a debit transfer.

Price Movement – Quant

At the time of writing this article, the current value of QNT is $125.01 with a total trading volume of $159,937,252, an increase of over 164.58% over the past twenty-four hours. The circulating supply of QNT is 12,072,738 out of the total supply of 14,612,493. Due to the new update, the price QNT is fluctuating quite a bit. Just in the last twenty-four hours, the lowest value of the coin has been $106.33 and the highest value has been $143.77. About three days ago, the value of the coin was under $100.

The 58^th ranked coin has good prospects. Digital Coin Price predicts that by the end of 2022, the coin is going to have a price of $175.85 and by the end of 2025, a price of around $279.18. Wallet Investor has been more generous with its forecast as it predicts a price of $303.521 by the end of 2022 and its price to be around $1138.970 by the end of 2026.

February 3, 2022
GALA – How can the price React now?

Moving to the technical side, starting from the weekly time frame, the price has just formed a double top and has just completed its second top. Now this pattern according to the textbook shows bearish pressure. Talking about the volume and momentum, the bearish momentum is very strong at the moment. It is very likely that it pushes more, but the zone it is in right now can stop the momentum as well, as that’s a weekly Order Block.

Moreover, The last week was closed bullish which showed a reaction to that order block. So considering the number of buyers interested there, it can be observed that the price might reject more for some time. Moreover talking about that previous double top pattern, the price is at the neckline of that pattern. This does offer support to the price and can show support this time as well as it lies within a confluence of that weekly Order Block.

Moving down to the daily time frame, the price is created Lower Lows and Lower Highs and right now it possibly could have created a lower high or maybe not. Now as there is some liquidity and imbalance present upside which can drive the price upwards to fill the imbalance and clear the liquidity.

Lower Time Frame – GALA

Moving down to the 4 Hour Time Frame, the price has shown bullish order flow. As the price is very clearly breaking structure to the upside. When the price was pushing downside, it left an imbalance along the way which this bullish move is trying to fill. The price moreover is around in a demand area and a very strong one. As in the past, the price got some great bullish volume in the market. Some bulls might be interested to enter into that. The price has already been rejected off that level like 2 times.

It’s very possible that this rejection may induce more buyers in the market which then can push the price to the upside. Talking about the targets the level of $0.087 is a great one as that is a supply zone. A lot of bears entered the market from that level. The first target can be considered as the level of $0.0783 as that is an order block as well. Talking about the invalidation if the price violates the level of $0.06592, then this whole scenario would get invalidated.

February 3, 2022
Why is Ankr (ANKR) Trending? – Recent Updates

eToro Launches Ankr along with other crypto assets. The Tel Aviv-based brokerage eToro has now made Ankr (ANKR), Bancor (BNT), dYdX (DYDX), and 0x (ZRX) available nudging its total of digital assets up to 49.

“Despite a rocky start to the year for crypto, more investors, both retail and institutional, are continuing to join the crypto market. According to eToro’s most recent Retail Investor Beat survey, 26% of global investors are planning to add more crypto to their portfolio this year”, said Tomer Niv, Director of Global Crypto Solutions at eToro.

“eToro will continue to expand its crypto offering to enable users to diversify their portfolios with a broad range of cryptoassets.”

Partnership with Maxihost

Maxihost a bare metal supplier and Ankr a web3 project have announced a partnership together. They think would benefit both companies. To monetize the unused server capacity, Maxihost’s bare metal cloud would use ANKR’s infrastructure. At the same time would also help in creating a more scattered global node network. This will lead to a mass acceptance of web3, dApps, and the field in general.

To deal with the high usage of computing, Maxihost would be using high-performance AMD cards. Maxihost’s Ankr bare metal is chain agnostic, which means it can handle RPC Full Nodes for any accessible blockchain. Ankr Protocol works with all prominent blockchains. This includes ETH, BSC, FTM, Polygon, DOT, and SOL, and processes over 200 billion RPC calls every month.

The company will be compensated in ANKR tokens for operating blockchain nodes. This is done on its newly tailored elevated PCs through the Protocol, letting the firm monetize underutilized server space. Maxihost is truly in the data center market, as evidenced by its enormous number of worldwide, high-profile clients in online gaming, streaming video, VPN, and cybersecurity. This cooperation is Maxihost’s first excursion into the blockchain and Web3 realms.

About Ankr and Maxihost

Ankr (ANKR) is a Web 3.0 infrastructure service. It offers a globally distributed network of nodes that enables multi-chain access to over 40 blockchains. It allows investors to stake their assets while getting liquidity via interfaces with DeFi services. ANKR investors can power and vote on apps via the software system.

Maxihost serves organizations of all sizes with worldwide on-demand bare metal cloud services. Its purpose is to help speed up and safeguard the Internet by providing a strong, secure, and scalable network architecture.

February 3, 2022
Smooth Love Potion (SLP) – Why is it Trending?

Phemex, a cryptocurrency trading, and investment platform, is working hard to fulfill its purpose of building and supporting the metaverse. The full-service crypto exchange debuted in 2019 and has already amassed a slew of capabilities. Phemex has already approached 100 total spot and contract pair offers in a short period of time. The platform is now showing its continued support for the metaverse by listing the Axie Infinity-based coin SLP. Furthermore, Phemex is holding a Metaverse iteration of its successful Grab a Coin Campaign, where users may participate to earn SLP.

Phemex’s declaration to support SLP demonstrates the company’s long-standing interest in metaverse-based goods and platforms. SLP is an ERC-20 token that can be obtained by playing Axie Infinity and defeating other players in fights. It is capable of producing new Axies. Furthermore, SLP may be used to purchase and trade products outside of Axie Infinity, and it can be utilized as an incentive for Axie Infinity players who reach particular levels. Previously, SLP had to be won through in-game combat; however, Phemex’s improved accessibility of SLP will allow the Axie ecosystem to expand and evolve even more.

About Axie Infinity (AXS)

Axie Infinity, a wonderful P2E inspired by the Pokémon game series, allows players to earn $ETH by farming $SLP tokens. In this game, players may enjoy a fantastic PC/mobile game to one of the most futuristic and farmer-based models. Participants in the gaming project may earn money in a number of methods, namely smooth love portions (SLP), producing rare Axies, and staking AXS tokens. Players also like training Axies and then using them in battle.

Smooth Love Potion – SLP

It’s rare to find in-game money on exchanges like SLP. In some ways, it’s analogous to Nintendo deciding to assign monetary worth to the coins in Super Mario.

According to Nguyen, axes vary from other non-fungible tokens (NFT) in that they require nurturing to mature.

SLP is also famous for being one of the few in-game tokens included on Binance’s Innovation Zone. This trading category has been selected by the exchange for assets that are “expected to exhibit more volatility and offer a higher risk than other tokens.”

February 3, 2022
Ampleforth (FORTH) – Why is it Trending?

Ampleforth has been trending after it was announced that AMPL-MTRG and AMPL-BUSD pools would be launched on voltswap. finance. Ample forth will stake the MTRG tokens into the Bridge Fee Subsidy Program. The revenue earned by users will cover the Ampl protocol fees on the Meter chain, mainly incurred by the crosschain rebases.

What is Ampleforth (FORTH)?

AMPL is a coin that also serves as a financial building component. It is algorithmic and uncollateralized, similar to Bitcoin. Unlike Bitcoin, though, AMPL may be used to denominate stable contracts.

Price volatility is converted into supply volatility using the Ampleforth protocol. This implies that the quantity of AMPL tokens in user wallets rises or decreases automatically dependent on pricing. The AMPL protocol changes supply automatically in response to demand. When prices rise, so do wallet balances. When prices are low, wallet balances fall.

Today’s fixed supply cryptocurrencies, like precious metals, are subject to abrupt surges in demand and cannot be utilized to denominate complicated transactions. As a result, advanced economies cannot be based on them. AMPL is the most straightforward direct solution to the supply inelasticity problem.

The Ampleforth protocol creates a set of basic network characteristics and incentives. In the Ampleforth protocol, there is no centralized control over pricing or supply. It is instead based on a decentralized network of actors. While the protocol spreads price information into supply, it is up to the actors to spread supply information into pricing.

AMPL is an ERC-20 interface implementation that can be used with any native blockchain wallet. AMPL can combine with a wide range of DeFi application platforms thanks to a common interface.

Governance – Ampleforth (FORTH)

The Ampleforth protocol is managed by a sequence of successive phases, each signifying an increasing level of community consensus. Proposals and ideas are discussed in our public forum or on Discord, and they are completed when they are deployed onchain. The following diagram depicts the evolution of progressively binding consensus.

Fourth, a new governance token completes the Ample ecosystem by giving the community authority of the protocol. Holders of the Forth token will be able to vote on protocol updates using the token. Together, $AMPL and $FORTH represent a significant step forward in the protocol’s march to full decentralization.

A more extensive distribution is a better distribution. The $FORTH token is being entrusted to the broadest network of holders with an interest in $AMPL.

February 3, 2022
Ooki Protocol (OOKI) – Everything you need to know

Ooki is a tokenized margin trading and lending system. It is a financial primitive that allows for decentralized, efficient, and rent-free blockchain by allowing for lending, leveraging, shorting, and borrowing.

The Ooki System allows anybody to build apps that link lenders, borrowers, and dealers to Ethereum’s most versatile decentralized financial system. The governance votes in the OOKI community are used to make decisions in the community.

Trading on OOKI

The platform of OOKI allows beginners to trade in a really simple way. Using up to 15x leverage, traders can short or long the market. OKI has a user interface that is really simple and is used to handle trades. Users on genuinely decentralized exchanges, such as Ooki, maintain ownership of their cash, in contrast to CEX (centralized exchanges).

Borrowing on OOKI

Borrowing rates are prone to change instantaneously based on the prevailing supply and demand for any given item. When you establish a loan, you will be paid an origination fee of 0.09 percent of the loan amount. For the course of the loan’s term, interest is also paid.

Many popular lending strategies involve risk elements that are underutilized and rely only on the asset being liquidated. As a result, many loans are over-collateralized much beyond their true risks, resulting in massive capital inefficiencies. Instead of risk parameters being established based on collateral, the protocol sets risk assessment is conducted based on trading pairs.

Lending

The Technology is a completely decentralized non-custodial lending system that makes it simple for lenders to lend out and earn interest on their bitcoin holdings. Lending rates are dynamic, changing in real-time based on the current supply side for any given item.

Staking

Holders of OOKI tokens can stake their tokens to obtain a share of protocol fees. Staking is only supported by Ethereum. The fees earned on all of the Ooki Protocol deployment chains will be distributed to OOKI stakeholders on Ethereum.

Stakers receive half of the fees, while the treasury contract receives the other half.

Tokens

Ooki Protocol has three primary tokens:

OOKI: The principal fee-sharing platform on the token is the OOKI token. Its current maximum supply is 10.5 billion.

cOOKI: Platform users earn cOOKI (formerly known as vBZRX) through trading and borrowing activities.

iTokens: iTokens, such as iDAI or iUSDC, are interest-bearing tokens that steadily increase in value as you retain them.

OOKI is, above all, a governance token. It is built on an active and vibrant community of stakeholders that collaborate to enhance the protocol.

February 3, 2022