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Tag: Crypto

  • What is Chia Network (CHIA)?

    What is Chia Network (CHIA)?

    Chia Network intends to offer software support and services for its free software blockchain and intelligent transaction software to governments, financial firms, companies, and significant storage purchasers and sellers. Chia also intends to encourage the grassroots creation of DeFi, DeX, cross-border transactions, and other end-user wallet innovations in order to accelerate the development of new applications that have yet to be imagined but are only possible with safe, distributed programmable money. Our technology will allow these developers to create apps, programs, and wallets that are far more user-friendly than prior versions.

    The Company thinks that the value of the assets held on its balance sheet will initially represent its enterprise value. As our enterprise software business expands, they think their software service and support business will add to the Company’s enterprise value and assist accelerate greater adoption in commerce and worldwide. The Chia Network balance sheet should enable the Company’s publicly listed shares to act as an ETF for chia coins. The Company anticipates that the price fluctuations of chia coins on digital money exchanges will coincide with its equity valuation in a public market.

    Chia Network released Beyond Hellman’s Time-Memory Trade-Offs with Applications to Proofs of Space at BPASE ’18 in January 2018 and received a $3.3 million seed round of investment in March 2018. Naval, A16Z, True Ventures, Greylock, Galaxy Digital, Metastable, and other investors participated in the round. We presented Simple Proofs of Sequential Work in May 2018, which won the best paper at Eurocrypt 2018.

    The Company delivered the blockchain beta in April 2019, which contained complete wallet functionality, transactions, and smart currencies on the testnet blockchain. Thousands of engineers and members of the community have installed Chia Network’s blockchain software and are running nodes on the testnet network.

    The Company launched its new consensus algorithm in November 2020, based on a concept from the article Proof-of-Stake Longest Chain Protocols Revisited, which was presented in February 2020 at Stanford Blockchain 2020. The authors of this study later independently validated the original Chia consensus security assurances in their book Everything is a Race and Nakamoto Always Wins, which was released in May of 2020.

    Development of Basis

    The Chia Network blockchain is based on a novel Nakamoto consensus technique known as Proof of Space and Proof of Time. These new solutions do not necessitate the large quantities of power and dedicated hardware that Proof of Work has come to necessitate. Chia Network’s blockchain (and chia) are meant to be a “green,” environmentally friendly alternative to Proof of Work. Unused space is a commodity that is broadly dispersed, asic-resistant, and oversupplied. Electricity prices are mostly irrelevant to storage operations and will become even less so when consumer SSD prices fall below hard drive pricing. They expect chia farming to be more decentralized than Proof of Work or Proof of Stake, as well as substantially less energy and resource-intensive.

  • Bomb Crypto – New P2E Game

    Bomb Crypto – New P2E Game

    BCOIN’s Bomb Crypto is a blockchain-based Bomb gaming experience for NFT collectibles. Players may gather, fight, and trade monsters for real money.

    The Bomb Crypto game is a Play-To-Earn title in user controls different bombers under them. They can use these bombers to play different modes of the games. The purpose of it is it defeat the enemies and at the same time use them to smash blocks which would lead them to the native coin known as BCOIN.

    Users may obtain new heroes by participating in rescue operations. In some places, there is a potential that players will come across a jail block with a bomber hero incarcerated within. After completing the rescue operation, players will be given a wounded hero who should be nursed for a short period of time before being released into the wild.

    Users can also purchase the heroes from the marketplace and the store. They can purchase as many heroes as they want and there is no limit on the maximum number which they can do.

    In order to increase liquidity and gaming assets, bomber crypto has launched the p2p market (Peer to peer). Users and gamers can use the marketplace to sell and buy NFTs and other heroes.

    Modes of the Game

    In Treasure hunt mode. Players can mine bitcoin by sending their heroes to mining places and smashing blocks to reveal the coin. One thing of notice is that these heroes can perform functions themselves without the availability of the player allowing the player’s other options as well.

    In the story mode, players can create their heroes and use them to clear levels. Levels can be cleared by eliminating all the enemies available. Players at the same tie can earn BCOIN which can be done after defeating monsters or by smashing blocks.

    The last mode is combat mode. Players can participate against each other. To participate, participants must not only have a particular sort of energy, but at the same time they must also have the coin to pay the fee will be then used for the prizes. Eventually whoever wins will get the tokens that the loser paid.

    Price Movement – Bomb Crypto

    At the time of writing, the native token of the game BCOIN is being traded at the price of almost $1.73. The price has decreased by almost 2.65% in the past 24 hours. It is listed on coinmarketcap on the 2926th spot.

  • Polygon (MATIC) gains Traction due to Kenvin

    Polygon (MATIC) gains Traction due to Kenvin

    Ethereum has some problems. But Ethereum provides a smart-contract feature that makes it easier for making novel currencies and widens the ecosystem of the Mainchain. Polygon (MATIC) is a currency undertaken to give a solution to these issues.

    Polygon (MATIC) is aiming at constructing such a protocol and a framework that will connect different Ethereum-compatible blockchain networks. In order to do this, Polygon targets six areas.

    First are snail-speed transactions. The problem with transactions is that they are not fast. They may either work on Proof-of-Work (POW) or Proof-of-Stake (POS). Both have their own problems. Polygon (MATIC) resolves the issue by employing a consensus protocol of Block Producers that are picked by selected Stalkers. Every stalker point is a verification area. On the mainchain is subsequently uploaded the fragment of the proof. As a result, there is a significant degree of decentralization.

    Secondly is the low transaction lag. The first layer of the Producer constructs the transaction collection faster. The decentralization is caused by the selected points.

    The third is the problem of scalability. By adding chains side-to-side, total transactions undertaken in a second can be increased. Million in a second, as claimed by Polygon (MATIC).

    Fourth is the size of the chain because a large number of blocks have to be verified. But if only particular blocks are stored from one point in the initial layer to the point in the final layer. Through this, the proof itself is preserved on the Ethereum chain with the low occupation of space.

    The fifth is costly gas values. The initial layer is used here to ensure cheaper transactions.

    Finally, there’s poor usability. Different kinds of user interfaces are trying to be put within the protocol to resolve this issue.

    Polygon (MATIC) has been gaining traction in the media. Recently, a celebrity investor, Kenvin O’Leary has taken an interest in MATIC because of its intuitive approach. Furthermore, has also completed its migration to the Polygon Network for its metaverse aspirations.

    Matic Price Movement

    At the time of writing, the value of MATIC is $1.61 with a trading volume of $858,282,268. The high trading volume is an excellent indicator because the market is currently in a slump. Polygon has also been audited by CertIK which has given it a security score of 92. The prospects of the coin are positive as well.

  • FLOW Coin – Time to drop Down?

    FLOW Coin – Time to drop Down?

    At the time of writing, Flow is being traded at $6.73 with a decrease of 1.73% In the last 24 hours. The total volume traded right now is around $208,708,798. The market cap of this coin is around $1,729,724,837 at the time of writing of this article

    Technical Analysis – Flow (FLOW):

    Starting from the Weekly Time Frame, if the price action of Flow is observed, after every few bearish impulsive, corrections are taking place with almost the same rhythm. The Order Flow is bearish and the structure shift hasn’t been observed yet. Now recently the price has again impulsively pushed down, and after that anticipating a correction.

    Moving down to the daily Time frame, the price of Flow has left an Imbalance when it was pushing downside. That inefficiency is not healthy for the market, so it’s very likely that the price of Flow would fill that before pushing down again. Moreover, the momentum now seems to be much weaker than it was first. Moreover, there is an unmitigated order block at $7.21 which can drive the price upwards as well.

    FLOW - 1D

    Now Jumping down to the 4H time frame, Price was pushing down. It was breaking structure, and along the way, it left some refined imbalance as well. Now we saw a structure shift here today moreover the low was stop hunted as well. So price does seem to show evidence towards the upside. Now we have two scenarios, one for long and one for short. Talking about the first scenario for long, there is an order block at $4.81 which is just a nice spot to buy. It lies within a discount pricing of Flow and moreover as the momentum is weak it’s very probable that the price might bounce from that level. Still, let’s talk about the second scenario which is of doing short.

    In case the price of Flow reaches the order block sitting at $6-20, then it’s a good price to short. That zone is a pattern of supply and demand as Drop Base Drop. Moreover, there is an imbalance just below. It so it’s very possible that in case another scenario gets violated this zone then might hold. Now if the short scenario plays out, the target could be the range we had looked for buy and vice versa. If the long scenario plays out, the target would be the sell zone from where we anticipated sales.

  • Metaverse Dao (MDAO)  – What is it?

    Metaverse Dao (MDAO)  – What is it?

    Metaverse Dao has been trending on the coinmarketcap.  The price has decreased by almost 0.16% in the last 24 hours. It has practically remained unchanged. Their native token is known as MDAO. At the time of writing MDAO is being traded at the price of almost $0.001928. It is listed on coinmarketcap on 3270 ranks. The total market cap is around $1.92M. The daily trading volume has increased by almost 23%. It has a total supply of 1B and the circulating supply is 40% i.ie 400M.

    A core team of six blockchain specialists founded MetaVerse DAO. With the advent of DAOs, there existed a gap in the Ethereum Blockchain. Our team chose to build a fully immersive, user-interactive DAO on the Ethereum network with the potential to dominate the DAO Defi market.

    The Metaverse DAO is a decentralized platform based on the $MDAO token, which the Metaverse DAO collateralizes and backs. The reserve currency for Ethereum will be $MDAO. Metaverse DAO will use the Algorithmic Reserve Currency method, which will be backed up by other decentralized assets, to maintain price stability.

    MetaVerse DAO is mainly focused on the long-term and successful distribution of treasury funds. The main goal of the project is to use the user-defined treasury and create NFT games, 3D and Metaverse VR games, as well as directly invest in teams and organizations with a long-term vision for Metaverse games and P2E! Community voting would decide how the project is going to invest in different projects,

    How does the Metaverse Dao (MDAO) work

    Metaverse Dao has a number of features that make it quite unique.

    Treasury Revenue: Liquidity Pool fees and bond sales improve treasury revenue, lock in liquidity, and aid in supply control.

    Treasury Growth: Treasury inflows increase the Treasury Balance, which in turn backs existing $MDAO tokens and restricts staking APY.

    Staking Rewards: Compounds returns automatically via a treasury-backed token with inherent value.

    Funds will be sent from the treasury wallet to be staked across numerous networks in accordance with Metaverse DAO governance, with rewards automatically returned to the dividends pool all investors collect. Governance will establish minimum and maximum return rates for current pools in order to maintain stakes or reinvest from those other pool allocations. In the dApp, all transactions will be presented on the respective pool.

  • ShibaDoge – Bringing Doge and Shiba Inu Together

    ShibaDoge – Bringing Doge and Shiba Inu Together

    ShibaDoge a new meme coin is trending on coinmarketcap after gaining 22% in the past 24 hours. At the time of writing ShibaDoge is being trading at the value of 0.000000000000000426. A lot of decimals in fact and would it take time to eliminate these zeros. After all, a meme coin depends on the community. If the community is with a project then it would surely be great.

    At the time, the ShibaDoge has a volume of $2.25M. The market cap for the project is around $175M. It has a rank of 3,024 on coinmarketcap. The circulating supply is around 420T tokens. But what exactly is the project about?

    According to the developers. The project is created to bring about a positive change in the community. ShibaDoge is inspired by the two of the most popular meme coins and also the most successful of these.

    Dogecoin (DOGE) and Shiba Inu (SHIB)

    Dogecoin stands at the price of  $0.138 and stands at the rank of 9th among the top cryptocurrencies. What now started as a meme and a joke is one of the most popular cryptocurrencies in the world. Being accepted by Tesla is a feat in itself. With a total market cap of $18B, Doge is one of the top meme coins.

    Shiba Inu stands at the price of $0.00002074. The project is listed on coinmarketcap at the 15th spot. With the circulating supply of almost 549B. It has a market cap of about $11B and has a market dominance of about 0.68%.

    ShibaDoge and the Motive

    Even though both of these started as a meme it has been seen that both of the project’s followers have been avid haters of the other one. ShibaDoge started to remove this negativity from the people and create a way to bring them closer. As Peter says in the medium article “Bringing together Mortal Enemies”

    “My team and I, having seen the fight become vulgar and aggressive to the point where Dogecoin holders and Shiba Inu investors are absolute mortal enemies, have decided that we needed to figure out some way to bring the community back together. The power of these amazing communities coming together is significantly more valuable than two independent parties competing against each other for a “winner takes all” scenario”.

    ShibaDoge is a community-driven token whose public sale is live at the time of writing. It has a 3 stage agenda for the coming months. It is an anti- whale, auto deflationary, and anti-botting. ShibaDoge can be bought on Uniswap.

  • Dogecoin (DOGE) – Verge of Breaking out?

    Dogecoin (DOGE) – Verge of Breaking out?

    To have an idea about the technical part, as usual, it’s ideal to check out Higher Time Frame. Starting from the Weekly Time frame, the price of DOGE is quite bearish and is breaking structures to the downside. Price is very precisely following the Lower Low & Lower High pattern. Right now price on Weekly has broken structure and has made a Lower Low. Now potentially after every Lower Low, Lower High is formed. So, anticipating a Lower High gives us Bullish bias to some extent.

    Moving down to the Daily Time frame, the price action of DOGE is very supportive of the bullish bias. This is because of the bullish evidence it is giving at the moment. The previous Low which was sitting at $0.1313 on the 4th of December, the price on the 22nd of January took it low. This means that the liquidity which was sitting below that has been probably taken out which supports the bullish bias as the price has the necessary fuel is needed for any sort of impulse.

    Lower Time Frames – Dogecoin (DOGE)

    Now moving down to the 4 Hour Time Frame, there are a few confluences that are worth considering. First thing, the structure edge is to the upside, as the price is breaking structures to the topside. The Order Block which was formed after the first structure shift to the topside was mitigated while the second one to date remains unmitigated. Now price of DOGE is actually in a consolidation phase and liquidity is being engineered on both sides. It’s very possible that price might manipulate to the downside. Then the distribution move can take place to the upside which aligns with our HTF. Now talking about the invalidation point.

    DOGE - 1D

    Possible Reaction Zones

    If the price of DOGE in case breaks the level of $0.1256, then it’s very possible that all of these scenarios don’t even take place as the structural shift will be observed and only shorts would be preferred. Talking about the targets, the level of $0.11647 is a very great one as that’s an unmitigated Order Block from where the price may show the reaction to some extent.

    This weekly to 4-hour bias all aligns with the Btc movement as well. As on Btc the bearish momentum, for now, seems to have been lost. Meaning that buys of DOGE are kind of preferred which influences the buys in these alts as well. BTC movement is very important before considering only the technicals of each other coin.

  • Platform for new DAOs – DAO Maker

    Platform for new DAOs – DAO Maker

    The advocates for progressive technologization argue that cryptocurrency is the future of how finances should be managed. They believe in its innovative potential. Cryptocurrency has this innovative potential because of the genuinely creative ways in which it can be used. DAO Maker is one of those companies that has employed this creativity by becoming a crypto-VC (Venture-Capitalist).

    Investing is a dangerous business. One can never know whether a business will fail or become a success. But DAO Maker comes forward with a novel model that entails low-risk frameworks. Through this cheap participation by everyone across the world, innovation shall pave way for further innovation.

    The developers behind DAO are looking to target the personal finance market. The retail market remains relatively untouched, especially in the field of Venture Capitalism. The platform of DAO maker plans to have tiered levels of risk which is going to have:

    • Standard Offerings for unprotected capital issuance, aimed at investors with a high-risk tolerance.
    • Strong Holder Offerings are refundable for public sales of tokens that have completed a confidential phase.
    • Venture Bonds offer near-zero risk but lower returns.
    • Dynamic Equity for managing risk with retaining the majority of the gain.

    There are many projects that are at work for DAO. One is the Hubble Protocol which is a fee-sharing decentralized finance (Defi) protocol built on Solana that is to release soon and is currently gaining contribution. Another is the play-to-earn game, Spellfire, which is a card game where cards are going to be Non-fungible Tokens (NFTs). Similarly, there are many more projects.

    As far as security is concerned, DAO has been audited by both CertIK and Hacken. The Code Audit Report of CertIK has resulted in no major issues. The Hacken report also puts DAO at a secured position which was conducted in March 2021. The Hacken audit resulted in 3 high, 4 medium, and 1 informational issue the audit.

    Current Price Movement – DAO Maker

    At the time when this article is being put down into words, the current value of the 280th ranked coin, DAO is $2.73 with a trading volume of $8,010,932, a 36.97% decrease over the past twenty-four hours. Over the past month, DAO has sustained quite the losses due to the constant fall of the market as a whole. So the bearish momentum is expected to continue. But some projection for the coin has been positive. Digital Coin Price expects the price to rise by $3.9 by the end of the year and reach $4.48 by the end of 2023.

     

  • Waves Coin Showing Strong Momentum during the Crash

    Waves Coin Showing Strong Momentum during the Crash

    Waves coin has been one of the most bullish coins and the top gainers of the market. Even with the BTC going down and the whole market red, it has shown strong momentum.

    Starting from the weekly Time frame, for the past 15 weeks, the candles which are being printed are bearish, and only 2 weeks within these bearish waves, the candles closed as bullish but still with very low volume. So it’s just not too great to go against such momentum. So the bias in which the weekly time frame is given is for short.

    Moving to the daily time frame, Structure wise the price of Waves is bearish but the momentum which price recently showed to the downside was huge which has left inefficiency within the candles which price is now filling or one can say has already filled 80%. There’s nothing more on weekly and daily and it’s still not enough confluences so now moving to the 4 hour time frame.

    Waves - 1D

    On 4H time frame, a change in the structure of Waves has been observed which could potentially give us a long opportunity but as the Higher time frame hasn’t given any major structure shift it’s preferable to go with the shorts. It can be observed that the area where price has recently reacted is a supply zone known as DROP BASE DROP but here, one can’t neglect the momentum. As when the price was pushing down, it didn’t just reverse immediately, it consolidated it manipulated, and then an expansion was observed to the upside.

    Fractal Movement

    As price is fractal, the same scenario is being witnessed but in the opposite direction. The price of Waves still has the momentum and it’s consolidating at the moment, and it’s very possible that price can reach the level of $12.87 as its 4H & Daily mitigation Block. Now in case one is to take long and the price doesn’t tap in our desired Point of Interest, the Breaker Block zone which is around $9.23 is a great place to take longs. As the momentum is strong, the likelihood of price to reach the Order block is very less.

    Short Position – Waves

    Now coming back to the shorting scenario, the invalidation point would be $13.71 as that is the structural high, while the targets could be the Breaker Block and $7.95 as just above that many Supply Demand traders would be interested to buy, whom price can take out.

  • Safemoon (SFM) Coin Trending After Launching on KuCoin

    Safemoon (SFM) Coin Trending After Launching on KuCoin

    The crypto-market is unregulated and one consequence of that meme coins have become entrenched within the cryptocurrency stratosphere. One of the meme coins that has gained some momentum Safemoon (SFM) coin. Built on the Binance Smart Chain, SafeMoon Protocol aims to solve the issues that plague cryptocurrencies of old. These are mining rewards, farming rewards (yield farming), and liquidity provisioning.

    The equipment that is used in mining takes a serious toll on the environment. Safemoon proposes a model in which the users would be allowed to participate in a smart contract token reflection to produce tokens inside their own wallets.

    Similarly, there is the problem of the maintenance of liquidity in decentralized exchanges. The onus to provide the investors with liquidity falls upon the developers. Conventionally, the developers incentivize users through mechanisms to not liquidate their holdings in case things go haywire. Of course, this is a big IF. Safemoon tries to combat this by employing such a smart contract function that automatically captures liquidity that is to be used on decentralized exchanges and held in custody independent from user possession.

    Furthermore, A smart contract that allows tokens to be burned can promote scarcity by reducing total supply. When combined, these tokenomics may provide far superior benefits for the community within the decentralized venue, allowing these functions to be amplified and dependent on volume provides an ideal incentive to expedite adoption and foster new use cases. In layman’s terms, SafeMoon has a unique feature where the portion of the fees charged to sell the tokens is distributed to the Safemoon owners.

    Currently, Kucoin launched SafeMoon on their exchange. KuCoin isn’t a typical currency. It is a centralized exchange. The cheap trading fees and the fiat currency exchange in Kucoin are things that are in line with the SafeMoon project. Until they launch their own exchange, SafeMoon is going to utilize the KuCoin exchange.

    Price Movement – SafeMoon

    At the time when this article is being put down into words, the current value of the token is $0.001701 with a trading volume of $196,317 and a market cap $996,129,427. SafeMoon has released its v2 in December. This was done so that the massive total supply of Safemoon shrinks. The planned migration on v2 seems to be 1000:1. Safemoon has also been audited by CertIK. It attained a security score of 88 with the major error of centralization and one medium error which was a logical issue. But nevertheless, it seems that SafeMoon has big plans for the future.