STOCKS TELEGRAPH

Tag: Crypto

  • What Is Floki Inu (FLOKI) Coin and Is It a Good Investment?

    What Is Floki Inu (FLOKI) Coin and Is It a Good Investment?

    Meme coins are prevalent in the crypto-world. Although memes are popular (who doesn’t love a meme, right?) the meme coin comes with a danger. That is the lack of seriousness of which investors take the coin. Meme coins are popular as a lot of investors in the crypto-market are your everyday Joes. They are not financial experts. They see a thing that appeals to them and they invest. Furthermore, the whole value of the cryptocurrency, more so true for meme coins, lies in their public perception. The same is true for Floki Inu (FLOKI), the utility token of the Floki ecosystem.

    But the credibility of Floki Inu (FLOKI) coin was in danger a week before. This was a recent bug that was uncovered during an audit. But the developer team of FLOKI released the Nottingham Update to resolve the issue.

    Brief facts of the matter are that FLOKI was undertaking a migration for V1 to V2. During this, some accounts had an increase of 2.2 trillion of the utility coin in their wallet, which was way more than what the wallets were allowed for. The problem lay somewhere in the source code that had an inflation bug. The Nottingham Update was released to remedy this issue. Investor trust has been shaken due to this whole debacle.

    FLOKI Inu is a meme coin. Made through the smart contracts of Ethereum and the Binance smart chain, it relies on its popularity to grow. Its main aim lies in creating an ecosystem with a Valhalla NFT Metaverse, a decentralized finance chain, a Floki University Crypto Education platform, and the FlokiPlaces NFT and merchandise marketplace.

    Floki Inu wants to create a better place. This is why it has philanthropic endeavors. They want to educate the masses through inexpensive means. Their attitude towards the people is really commendable.

    Price Movement – Floki Inu (FLOKI)

    At the time when this article was put down into words, the value of FLOKI is $0.0000348 with a trading volume of $4,687,030. The total supply of the coin is to be 10 trillion with a current supply of 9,180.76 billion FLOKI. Due to the vast supply of the coin, a single FLOKI might never gain huge value unless FLOKI plans huge inflation-cutting migrations in the future. But in order for that to happen, the cryptocurrency has to maintain faith with its investors. The coding problem has created the impression that the developers might have trouble creating “codes” and each time migration is planned, it might send chills through some poor investor’s spine.

  • IDEX Coin – Where will the Price Move Now?

    IDEX Coin – Where will the Price Move Now?

    At the time of writing, IDEX is being traded at the rate of $0.1965 with an increase of almost 66.53% within the last 24 hours. It is one of the top gainers on Binance.

    The low within this tenure was around $0.2246 and the high was approximately $0.1177. The coin as being in the watchlist of many traders makes it rank all the way up to number 333th according to the latest data released by coin market cap.

    IDEX made its all-time high in the month of September 2021 when it reached an enormous amount of $1.69. At the moment it has a daily volume of $231,825,820 with an increase of about 1508% within the last 24 hours. The total supply of IDEX is now around 1B and the circulating supply is also 635M. The top exchanges for trading it are currently Binance, Huobi Global, Mandala Exchange.

    Technical Analysis

    IDEX has been one of the bearish coins in the past. The price had been continuously decreasing since its launch. Now the price has shown strength and we have seen huge momentum after the Asian time zone came.

    Now during the creation of the bottom of the price, IDEX created a supply zone that remained unmitigated for a long time. On the 4H time frame, we can see that the price continued to drop down from that level but eventually showed signs of reversal and went on to print a gigantic green candle.

    IDEX - 4H

    Now the price of IDEX is at an indecisive area. It is near the supply zone that caused the drop. If the price can stay above this area we can look for a long position at the price. If the price fails to hold then we look for a short position which would drop it down to the imbalance present below.

    Price Prediction – IDEX

    IDEX has had a very beautiful start during the month of September 2021. The price touched its all-time high on 9th September but after that, the price continued to drop down and we saw a continued decrease in the price. Today even though the price has increased by 66% but it’s far from its all-time high.

    According to wallet investor the price is to reach a value of $0.344 in one year. In five years, the price is expected to reach a value of $1.234.

  • Verasity (VRA) – Will we see Momentum Soon?

    Verasity (VRA) – Will we see Momentum Soon?

    Moving to the technical portion, starting from the weekly, the price behavior is very clear and is showing a lot of signs. The price was breaking structures to the upside, but recently it broke structure to the downside which resulted in a change of character. Now the overall structure edge is to the downside. Now talking about the phases, the price can be considered in a descending correction. As the bearish impulse has already formed and been anticipating a correction, the price is making a descending correction pattern which shows that price might bounce to the upside sooner.

    Now talking about the candlestick language, if we observe that recently after 2 bearish candles, a bullish candle is formed. Similarly in here, 2 bearish candles have been formed, and now another bullish candle can be anticipated.

    VRA - 1D

    Moving down to the daily Time frame, the price is showing almost the same patterns, the price has the impulse to the downside, and now is in a descending correction which shows bullish signs.

    Now to make the situation more visible and clear, the price as discussed above is in a descending correction and is following a descending wedge pattern. Now most traders actually wait for the price to break to the upside and then enter, but as the majority expect that, it’s very possible for price to manipulate this pattern. As it can be seen on the chart, the level of $0.0174 has equal lows which show there is a lot of liquidity below that which price can target, and after grabbing that, a bullish run can be expected.

    Target Levels – Verasity (VRA)

    Talking about the targets the main target can be considered as the level of $0.0260 because that level contains an unmitigated order block. Which can serve as a magnet and can drive the price to that. Now first targets could be around $0.02258 as that’s an equilibrium of that wick and it serves as resistance. Why so? Because larger wicks on the higher time frame, mostly show any sort of order block or point of interest on lower time frame. Talking about the invalidation point, if the price breaks the level of $0.0154 this whole scenario would get violated. As that level contains an order block in the past which could serve as a support for the price, and if the price violates that, it will show that bears are in control.

  • Saitama Inu – Trending after listings on Saitamask

    Saitama Inu – Trending after listings on Saitamask

    Saitama has started to trend after new listings on Saitamask. ImpactXP, Ridge, Kishimoto, Shiryo Inu, Mandox, Shuna V2 have been launched on Saitamask. Shaman King Inu will also launch according to the official tweet from the handle.

    Saitama Inu, like Dogecoin, is satirical meme money that addresses the issue of token value. Keeping the token and waiting for its value to rise in order to benefit is not the same as selling. Investors want a token that has true or crypto-world value. That’s what the Saitama Inu team has been doing for the majority of 2021 and now into 2022.

    Products of Saitama Inu (SAITAMA)

    The Saitama Inu team is actively releasing things on the ecosystem, the first of which is SaitaMask. The team’s next big product release is the SaitaMaker. It is a platform for the introduction of NFTs. Similarly, the Saitama Edutainment is in its early phases of growth.

    SaitaMask: A safe and intelligent wallet that will allow the community to store digital assets such as $SAITAMA while also educating them about finance.

    SaitaMarket: A marketplace where members of the community may exchange other partner tokens for products and services.

    SaitaMaker: An NFT-based launchpad platform that will help community members create, launch, and market goods based on the $SAITAMA monetary system.

    Saita Edutainment: A multi-channel content platform that publishes a variety of content forms that teach and entertain our audience about money.

    Saitama Studios is an in-house entertainment company that creates games, television series, novels, comics, toys, NFTs, and special projects for third-party businesses. They have also been working on the official NFT line of Saitama, producing trading cards, virtual jewelry, and other interactive items such as the Saita Car and the Saitama VHS.

    The P2E game: There are two play-to-earn games in the works: Online Multiplayer Action Game (Wolfcaster World) and Retro Platformer (Wolfcaster 1992). NFTs will be used to purchase game stuff. Manga and animated series are in the works to further explore and gain popularity for the games. The NFT line is already available.

    Price Movement – Saitama Inu (SAITAMA)

    At the time of writing SAITAMA is being traded at the price of $0.0000000314. The price has increased by almost 17% in the past 24 hours. The coin has been audited by CertiK. It is listed on coinmarketcap on 2851th.

  • Ethereum Classic (ETC) – Mystique Hard Fork Coming

    Ethereum Classic (ETC) – Mystique Hard Fork Coming

    To achieve maximum interoperability between these networks, the Ethereum London network protocol has been improved on the Ethereum Classic (ETC) network via a hard fork called Mystique.

    The Mystique hard-fork will take place on the Ethereum Classic mainnet at block 14,525,000 on February 13th, 2022. It was not a disputed hard fork, but rather an improvement to the protocol.

    All of the main pools, exchanges, wallets, and other organizations are expected to be ready or actively planning for Mystique. While outreach is being conducted, service providers are urged to openly declare their preparedness to the public in whichever way makes sense for them.

    As ECIP-1104 approaches, they are contacting all node administrators and suppliers to raise awareness of the network update. According to a Medium post published on January 27th, we are just 35% of the way there. Following a period of steady and constant growth in the first few weeks, the historical adoption pattern has seen a rise in readiness for the activation block. It is not unusual for complete preparedness to be just 60–70percent by the activation block. That doesn’t matter as long as the commercially significant nodes (mainly those run by mining pools and swaps) are kept up to date. Whether other node proprietors do not upgrade, then will remain on the old chain, causing no harm to anyone except themselves. They will be back on the correct chain after they rebuild their own nodes.

    About Ethereum Classic (ETC)

    After a hacker exploited a weakness on June 17th, 2016, resulting in millions of stolen Ether. Ethereum split into two chains to rectify the damage caused by the incident. Ethereum Classics the original Ethereum blockchain’s successor, and it is the classic form of the Ethereum blockchain.

    It is a decentralized computing platform that enables the execution of smart contracts. Applications are implemented exactly as expected, with no censorship, downtime, or intervention by outside parties.

    It is a distributed network made up of a blockchain ledger. Native cryptocurrency (ETC), and a vibrant ecosystem of on-chain apps and services.

    Ethereum Classic (ETC) allows for the administration of digital assets without the use of intermediaries like banks and other financial organizations.

    It makes it easier to create, distribute, and execute uncensorable smart contracts; ETC allows really unstoppable programmable money.

    Price Movement – Ethereum Classic (ETC)

    At the time of writing, the price of ETC is close to $28.04. The price has risen by about 10% in the last 24 hours, making it one of the top gainers among the top 100 cryptocurrencies.

  • Avalanche (AVAX) – Why is It Trending

    Avalanche (AVAX) – Why is It Trending

    Avalanche (AVAX) has been trending after the tier 1 summit tickets are up for sale. The summit is to be held in Barcelona Spain The news was announced a number of hours ago through their social media handles. To learn more you can visit their website here. Moreover, on beefy finance, new vaults have been created with USDC.e and PNG with 46% and 22% APY respectively.

    About Avalanche (AVAX)

    Avalanche is a blockchain platform that is high-performing, scalable, adaptable, and secure. It focuses on three broad use cases:

    • Building permission (private) and permissionless (public) blockchains for application-specific use.
    • Creating and deploying extremely scalable, decentralized applications (Dapps).
    • Creating arbitrary complicated digital assets with unique rules, covenants, and riders (smart assets).

    Avalanche is intended to be highly scalable, resilient, and efficient. The fundamental consensus engine can handle a worldwide network of possibly hundreds of millions of internet-connected, low and high-powered devices that function smoothly, with minimal latency and extremely high transaction rates per second.

    Decentralized Avalanche is intended to deliver unparalleled levels of decentralization. This implies a commitment to diverse client implementations and the absence of any centralized control. The ecosystem is intended to avoid divides between user types with disparate interests. Importantly, no distinction is made between miners, developers, and consumers $. AVAX is a very inclusive platform that allows anybody to join its network and engage in invalidation and governance firsthand. Any token holder has the ability to vote on crucial financial factors and how the system progresses.

    The goal of minting $AVAX is to incentivize nodes to operate in a way that enhances global outcomes. This is accomplished by utilizing specific minting transactions. A node gains the right to mint by first depositing a stake and then engaging actively in the consensus process. Incentives for nodes, in particular, are related to their uptime and response latency. Every node maintains local knowledge of the existence and behavior of every other node with whom it has interacted.

    Fee Structure – AVAX

    Stakers pay a fee. Avalanche fees are simply destroyed, as a contrast to certain other protocols that pay all costs to the elected leader, such as Bitcoin. As a result, payment is made on a global scale and for the benefit of the entire ecosystem. Fee burning depletes the system’s supply of tokens. Because the minting process commences the burning of fee income, there is no chance of the system grinding to a halt over time as coins are gradually destroyed.

    Transaction Fees. Transaction costs in Avalanche vary based on the kind of transaction. The most expensive fees are levied on new subnetwork instantiations. Other sorts of transactions, such as basic $AVAX payments, have a low cost. Transactions in other subnets pay fees in that subnet’s native token as well as some amount in the $AVAX token. A transaction native to a subnetwork may define its own transaction cost structure, and it is up to the subnet’s author to select a price structure that encourages validation for open, permissionless subnetworks.

  • Why These Coins Are Getting So Much Interest Today? – (WRX, PYR, JOE, AMB, AGLD)

    Why These Coins Are Getting So Much Interest Today? – (WRX, PYR, JOE, AMB, AGLD)

    Even though the market has been struggling to gain momentum. There are certain coins that have worked their way up the market. With the legalization of crypto in India, we have seen a sudden boost in certain coins that have been covered. A few coins have shown strength in the market and are shown below.

    WazirX – WRX

    Good news came out of India when it was released that India is moving towards the legalization of cryptocurrency. This news is highly bullish for the overall market. It has been released that the taxes levied would be 30%. Most traders hoped that the taxes would decrease over time. This news has been highly bullish for the Indian crypto Exchange as well. The price of WRX has increased by almost 28% in the past 24 hours and we have seen it attain a new value of $1.02. The volume has also jumped by almost 1268%.

    Vulcan Forged – PYR

    PYR has been one of the top gainers on Binance. The game had a major setback a few days back when the platform got compromised. But the developers came from the top and we saw them deliver and quickly recover the damage from their own treasury. In the past 24 hours, the price has increased by almost 23.88%. The new price is almost $12.93. The volume has also increased by almost 234%.

    JOE

    JOE has been newly listed on Binance. Due to the newly created volume, the price of the coin has increased dramatically and we saw an increase of almost 23%. The new price at the time of writing is almost $1.55. With only 162M coins in circulation, JOE has definitely gained attention.

    Adventure Gold – AGLD

    Adventure Gold (AGLD) is listed on the 443rd spot on coinmarketcap. At the time of writing AGLD is being traded at the price of almost $1.12. The price has increased by almost 38% in the past 24 hours. The volume has increased by a whopping 313% in the past day alone. AGLD revealed on Twitter that “Rings for @lootproject is now open source!“ 

    Ambrosus – AMB

    AMB has been one of the top gainers on Binance thanks to a tweet “Exciting #DeFi integrations and decentralized #governance are coming to Ambrosus this year.” In the past 24 hours, the price has increased by almost 35%. At the time of writing, AMB is being traded at the price of almost $0.02462.  The volume today has increased by almost 2488% in the past 24 hours achieving a new value of $3.4M. It is listed in the 884th position.

  • Will Ethereum (ETH) move to touch $3,000

    Will Ethereum (ETH) move to touch $3,000

    Moving to the technical side of Ethereum, starting from the Weekly Time frame, the situation is very similar to BTC. The price recently tapped in a Weekly Order Block and got rejected from it.

    Now the way price tapped into that weekly Order Block was not that momentous and the way price rejected off that Order Block shows bullish strength. Now just below that weekly Order block at the level of $1689, there is much liquidity lying which could drive the price downwards. But could that happen now? Well right now, the majority of the traders are waiting for that level as S&R traders would be waiting for that level to get into longs, while institutions traders would be waiting for the price to grab that liquidity and then get into longs. But as the majority is expecting that, so it’s very possible that market makers might do an upfront run from this Order Block which would kick the FOMO situation is the traders and they would try to get in involved at higher rates and once these things happen, then it’s very possible that Ethereum would get dumped more below that liquidity till around $834 as there is some imbalance there.

    Eth - 1D

    Now the bullish move, for the time being, can end around $3770 as that’s an unmitigated Weekly Order Block, and just below that there is some imbalance left. There is one more Order Block which is around $2927 but as that is in a DISCOUNT PRICING, there is a very high chance that that gets induced just to trap early sellers.

    Moving down to the daily Time Frame, the price has lost its bearish Momentum, broke the Descending Correction, and is on its way to make a new Lower High which may eventually push the price to that Point of Interest.

    Moving more lower to the 4 Hour Time Frame, the price as soon as it touched the Weekly Order Block started to do a Wyckoff Accumulation and price is very likely to bounce now, as on 4 Hour Time Frame, at different Places there are imbalances left which can drive the price to them as a magnet.

    Now as this whole scenario is very much similar to the BTC movement, this is very much high probable, but sudden and unexpected moves in BTC can invalidate this whole scenario.

  • Axie Infinity (AXS) – Ronin launches Governance Token

    Axie Infinity (AXS) – Ronin launches Governance Token

    Axie Infinity was priced at $70 a week ago. Despite the fact that there was a convergence of support levels just beneath $70 on lower timeframes at the time, the price smashed through. This was not a one-off occurrence. As selling pressure has been rather strong, the price of AXS has been slowly declining, at times plummeting like a rock from resistance levels to the next support. Axie Infinity’s Ronin chain now includes a governance token, which is a key step in decentralizing the network.

    A few days ago the developers of Axie Infinity released the RIN token that is to be used as the governance token of the RONIN blockchain. The blockchain is gaining popularity over the course of time and is the side chain of the Ethereum Network. It is quite important to know that Ronin has been one of the reasons for the recent boost in the usage of Axie Infinity (AXS).

    The RON token will be used for a number of purposes. For owning and staking RON, Ronin block validators will be paid. Furthermore, gas fees will be paid in RON from now on, and accounts will be able to make more than 100 transactions every day. Axie NFT holders will also receive a set number of free transactions. On Katana, Ronin’s decentralized exchange, there is also a RON/ETH liquidity pool.

    There has been a lot of movement on the Ronin blockchain. The Ronin wallet connects more than 300,000 active addresses to the network on a daily basis, with a peak of over one million in November. Furthermore, in November, Ronin performed 6.6 times more transactions than Ethereum. Last year, the Ronin network handled 15% of overall NFT capacity, according to Nansen.

    A RON token ecosystem fund has also been established to assist in the recruitment of new developers and gaming teams to the network.

    While Ronin is now concentrating on Axie Infinity, the Sky Mavis team appears to be interested in being the preferred chain for other game developers, commenting in the announcement that “Ronin has a unique opportunity to promote this new sector.”

    Price Movement – AXS

    At the time of writing, AXS is being traded at the price of almost $53.39. The price has almost increased by almost 7.48%. The volume has decreased by almost 31.05% in the past 24 hours. It has a market dominance of about 0.18%.

  • NEVADA – Staking, Buyback, and NFTs

    NEVADA – Staking, Buyback, and NFTs

    Nevada is a revolutionary Binance Smart Chain (BSC) token that will allow traders to participate in a solid investment through staking, buybacks, and NFT. CertiK’s audit is given top priority. Their team is also working on an online game with the notion of betting for people who invest tokens. Nevada is designed with the notion of a low-tax contract, allowing individuals to conduct secure and reliable transactions. Nevada’s numerous games will be available to satisfy the threat out there, and they will be able to play their heart out!

    The team is made up of exceptional game developers and marketers. They are dedicated to providing the greatest experience possible when playing betting games with the BSC community, with security, fairness, and profitability as top priorities.

    Project Parts

    The Nevada Playroom will be the first project to be released on their ecosystem. This website will allow investors to play games and participate in competitions. The playroom’s first goal is to have over 1000 games.

    Another intriguing initiative is the establishment of an NFT marketplace where artists may sell their exquisite pieces of art. The Nevada token will be utilized as a payment gateway on this exchange, with very low transaction costs. They truly think that developing a utility for our cryptocurrency would secure its long-term viability.

    Users may utilize the online interface to play games and get their accumulated prizes. The interface also displays information about the current state of a match, games that are open for betting, and the forthcoming championship schedule. Users will be able to select from a variety of game kinds.

    Because Nevada may be used to play online betting games, it will become a long-term investment token. Table games, random-number games, and virtual gaming machines are all available. People may choose from a variety of games, including roulette, blackjack, slot machines, and many others. They may also be inspected in real-time and keep full logs of all transactions.

    Security and Audit

    InterFi Network audits Nevada. The vast bulk of LP tokens has also been secured. The vast majority of our crews are well-known in the BSC world. They guarantee that our developers remain available to the people on a daily basis.

    Nevada is among the most innovative bitcoin communities, growing organically at an incredible rate. We feel that connection is the most important aspect of success. Community is important, and Nevada makes an effort to bring people from all around the world together.