As we move through the final month of the year, a number of projects are moving ahead with continued development, and this week’s choices are set to benefit from significant updates and announcements that should strengthen their market positions and benefit their communities. The news should also result in increased amounts of attention to each respective currency over the coming weeks.
3. Harmony (ONE)
Harmony Protocol aims to scale blockchain to 10M transactions/second and 100-millisecond latency. Harmony will bring 1,000x speed and capacity to the next generation of the decentralized economy, enabling marketplaces for 10B people and 100B devices.
The Harmony team are pressing ahead with implementing full cross-shard composability and cross-shard transactions across the Harmony network. The team are also developing a trustless Ethereum bridge in order to facilitate asset transfers between Proof-of-Work and Proof-of-Stake chains. The bridge will allow applications to access assets on Ethereum while benefiting from fast, low cost transactions on Harmony. The bridge is live on testnet and set to go live on mainnet before the end of the year, and you can keep up with the latest developments here.
2. Stacks (STX)
Stacks is a decentralized computing network and app ecosystem that uses the Bitcoin blockchain as a secure base-layer. The Stacks 2.0 blockchain brings apps and smart contracts to Bitcoin, and enables new ways to earn BTC.
The Stacks team are staying busy as the year comes to an end and two NFT drops will take place this week. The Project Indigo NFT Drop on December 19 is made up of a collection of 3,000 wasteland NFT avatars with the prices still to be determined. This will be followed by the Magic Ape School NFT Drop on December 21 with 2,500 apes being made available on the Stacks blockchain. In between the two events the Stacks 12 Day Holiday Giveaway will begin on December 20 with tickets going on sale for the event, and as a result it’s another big week for Stacks and all STX holders can keep up to date with events here.
1. Polygon (MATIC)
Polygon, previously known as Matic Network, is a layer 2 scaling solution for Ethereum which aims to provide major scalability improvements for decentralized applications by utilizing a modified version of Plasma with sidechains based on Proof-of-Stake.
Why Polygon? Uniswap V3 To Deploy Contracts on Polygon
The deployment of Uniswap v3 contracts over Polygon are set to take place as the Uniswap community approved the relevant governance proposal. The proposal was brought forward by Polygon CEO Mihailo Bjelic on November 20 and closed for voting on December 18. Over 72 million Uniswap users voted in favour of deploying contracts on Polygon and a $15 million fund has already been put together for a long-term liquidity mining campaign. The Polygon team also recently acquired the ZK knowledge proof Ethereum scaling solution Mir for $400m and look set to close out the year very strongly. MATIC was one of 2021’s best performers and a lot of eyes will be on Polygon to see if the team can continue to perform into 2022.
How did the coins perform last week?
The seven day period generally led to poor results across the market; and NEAR fell by 11% and is currently trading at around $9.44. GALA fell by 21% and is currently trading at $0.45, and ETH fell 3$ over the week, and is currently trading at $3,945. Over the course of the week, the market moved from an overall valuation of $2.33T to $2.26T, a drop of 3.00%.
As we move through the final month of the year, a number of projects are moving ahead with continued development, and this week’s choices are set to benefit from significant updates and announcements that should strengthen their market positions and benefit their communities. The news should also result in increased amounts of attention to each respective currency over the coming weeks.
3. Near Protocol (NEAR)
NEAR is a secure decentralized storage and compute platform that allows users to manage high-value assets like money or identity. It is a public, sharded, developer-friendly, proof-of-stake blockchain which utilizes a Delegated Proof of Stake (DPOS) mechanism.
Why Near Protocol? Continued Strong Performance Expected
Near was one of the week’s best performers and grew by over 35% despite the majority of coins experiencing a pullback. Some of this may have been due to speculation surrounding a possible announcement of MoonPay allowing its users to purchase NEAR globally. In addition, Near is a highly performance blockchain that is compared with projects such as Solana and Elrond which have also been solid performers over 2021. As the year comes to an end, traders may look to increase their NEAR holdings and help the coin get close to its all time high price of $13
2. GALA (GALA)
GALA is designed to power the Gala Games ecosystem to support gaming re-imagined to benefit creators and players, alike. Founded by gaming industry heavyweights, Gala Games is working to make history in decentralized gaming.
Gala was another of the week’s top performers and looks set to continue to attract attention. The platform merges the best of gaming and NFTs and also allows GALA holders to run nodes. This allows anyone to receive rewards in tokens including GALA, and limited edition NFTs and the Gala Games ecosystem continues to grow. Legacy is a business and entrepreneurial game on the Gala platform and allows anyone to design products, build virtual businesses, and earn and trade the native Legacy coin. The Legacy land sale takes place this week and opens up on December 12, and owning a Land NFT allows gamers to start their own in-game blockchain business association in Legacy. The possibilities are endless and you can find out more about Legacy here.
1. Ethereum (ETH)
Ethereum (ETH) is an open-source distributed blockchain that has smart contract functionality, and operates as a decentralized virtual machine which can execute scripts and be used to transfer ether between different nodes. Ethereum retains the status as the principal smart contract provider and platform for hosting ICOs with a number of leading projects operating ERC-20 tokens on the Ethereum network.
All eyes were onBitcoin last week as the market was concerned with whether or not BTC could hold the crucial $50,000 price mark. Well, attention turns to Ethereum this week as the market’s number two coin hovers around the $4,000 mark. ETH proved relatively stable over the week, and experienced only a mild decline of around 3%, although it was trading at over $4,500 in early December. With ETH 2.0 still on the horizon and the London upgrade completed back in the summer, a significant number of market analysts are bullish on the future of Ethereum and the coming week will give us a good idea of how ETH will perform as the year comes to an end.
How did the coins perform last week?
The seven day period generally led to mixed results across the market; and ALGO fell by11% and is currently trading at around $1.54. LUNA fell by 16% and is currently trading at $60, and BTC grew by 1% over the week, and is currently trading at $49,735. Over the course of the week, the market moved from an overall valuation of $2.30T to $2.33T, a rise of 1.30%.
As we move through the final month of the year, a number of projects are moving ahead with continued development, and this week’s choices are set to benefit from significant updates and announcements that should strengthen their market positions and benefit their communities. The news should also result in increased amounts of attention to each respective currency over the coming weeks.
3. Algorand (ALGO)
Algorand is a blockchain built with the purpose of creating a scalable cryptocurrency that facilitates efficient and safe value exchange. Algorand facilitates fast transactions, performance simplicity and adoption and was founded by cryptography expert and MIT professor Silvio Micali. The project uses a unique consensus mechanism called Pure Proof-of-Stake (PPOS) in an attempt to address the main problems faced by Proof-of-Work and existing Proof-of-Stake mechanisms.
Why Algorand? European Blockchain Convention on December 13
The European Blockchain Convention takes place over December 13 to 16 and brings together some of Europe’s top blockchain and crypto experts. Sean Lee, CEO of the Algorand Foundation will present at the virtual conference that will also include presentations from members of the European Parliament and European Commission as well as representatives from multinationals including Telefonica and Carrefour as banks such as Banco Santander and Société Générale. The conference is one of the most influential blockchain events in Europe and could play host to significant announcements from Algorand which continues to do well with attracting institutional adoption. ALGO holders should keep an eye on developments and you can find out more about the European Blockchain Convention here.
2. Terra (LUNA)
LUNA is the second native token of the Terra protocol, developed by Terraform Labs, a South Korean based company that aims to offer an algorithmically-governed, seigniorage share style stablecoin platform called Terra. Users have the option to bond Luna tokens and generate rewards for the elevator and validator it is bonded to, and is considered the same as staking.
After recently completing the Columbus 5 upgrades and the Orion Money ORION token airdrops for LUNA stakers and Orion Money validator delegators, LUNA continues to perform strongly. One of the key features of Columbus 5 was the introduction of a LUNA burn function in relation to network activity. As home to both LUNA and the UST stablecoin, the Terra network has been able to withstand the recent market dip and go on to record new all time high prices. With a collection of new DeFi projects set to launch and various opportunities for LUNA holders to earn more LUNA via staking, farming, and providing liquidity across the Terra ecosystem, LUNA may break new all time prices this week.
1. Bitcoin (BTC)
Bitcoin (BTC) is regarded as the world’s first decentralized digital currency, and was created in 2009 by a mystical figure named Satoshi Nakamoto. Bitcoin is a deflationary currency whose issuance is capped at a total supply of 21 million coins. Bitcoin is the most popular cryptocurrency and is traded on various exchanges and is also used in peer to peer transactions.
Bitcoin drew a lot of attention recently due to recent Taproot upgrade in November which was the first major Bitcoin upgrade since Segregated Witness (SegWit) in August 2017. However, the flash crash just days ago saw Bitcoin suddenly lose over $10k in value and fall from over $57k to around $47k in just hours. The price drop led to a flood of liquidations as the total market cap fell from $2.7T to 2.2T, wiping out $500B in value from the market. As a result, all eyes will be on the price of Bitcoin this week with a number of key analysts highlighting the importance of the $50,000 price mark as Bitcoin and the rest of the market look to stabilise and maintain a positive trend once again.
How did the coins perform last week?
The seven day period generally led to negative results across the market; and EFI fell by 34.50% and is currently trading at around $1.24. ADA fell by 7.47% and is currently trading at $1.34, and BNB fell by 4.14% over the week, and is currently trading at $555.65. Over the course of the week, the market moved from an overall valuation of $2.51T to $2.30T, a drop of 8.36%.
After another week of a rather bearish trend, the total valuation of the cryptocurrency market dropped to $2.50 trillion. In the last week, BTC lost over 8% and ETH over 6%. However, cryptocurrencies from the so-called “ETH killers” group were hit the hardest, as Cardano (ADA), Polkadot (DOT), and Solana (SOL) all suffered losses of nearly 20%. While red numbers are without a doubt something you don’t want to see in your portfolio, the drop in price also means that some cryptocurrencies are currently undervalued. Which are the coins that are currently changing hands at a discounted price? Which coins look like a good investment in Week 48? Find out the answers to these questions and more in the following article.
3. Efinity (EFI)
Efinity is a Polkadot-based blockchain platform designed to provide an efficient and scalable platform for minting, transferring, and trading NFTs. The Efinity team aims to develop a network capable of performing up to 1,000 transactions per second with confirmation times of under 6 seconds. By featuring low network fees and including a built-in NFT marketplace, Efinity hopes to revolutionize the NFT sector. The platform is developed by Enjin, a company and cryptocurrency project focused on blockchain gaming and NFTs.
Efinity is competing for one of the Polkadot parachains in the ongoing auction
The Efinity project is currently bidding for a parachain slot in the ongoing Polkadot parachain auction. Supporters and investors can help the platform secure a much-needed Polkadot parachain lease by joining the Efinity Crowdloan. Participants can lock their DOT directly via Polkadot.js or through multiple exchanges that support the crowdloan including Binance, Kraken, Huobi, OKEx, and KuCoin. If Efinity does not win the parachain auction, contributors will receive their DOT back right after the end of the auction period (December 16, 2021). If, however, Efinity ends up winning the parachain auction, contributed DOT will be returned to supporters only after the project’s parachain lease expires (this is 96 weeks). To reward crowdloan participants, Efinity has set up a 200 million EFI reward pool (or 10% of the total EFI supply). EFI rewards will be vested linearly over the 2-year period. Currently, participants are promised 95 EFI per each DOT staked in the crowdloan. Do note that the end reward will likely be smaller as more DOT are contributed. Top 250 crowdloan contributors will also receive a one-of-a-kind NFT and another 250 NFTs will be distributed among other lucky crowdloan participants. Efinity is aiming for Slot 4, which is set to be auctioned between December 2 and December 9. Given the fact that Efinity developer Enjin already has a pedigree in the NFT sector, we believe that EFI is a sound investment and an even better one if the project succeeds in securing a parachain slot. Nevertheless, you can also contribute your DOT to the Efinity Crowdloan and help the project in securing a Polkadot parachain slot. The team encourages everyone to familiarize themselves with the Efinity platform and do their own research before participating in the crowdloan.
2. Cardano (ADA)
Cardano is a decentralized blockchain platform focused on creating a smart contract-enabled environment on which developers can build decentralized applications. Cardano utilizes a Proof-of-Stake consensus model and aims to provide a more sustainable, scalable, and transparent operation compared to other smart contract blockchains. The project was started in 2017 by Charles Hoskinson, a mathematician, who was once part of the Ethereum developer team. The team raised $62.2 million for the project’s development through an ICO. The development of the project is now overseen by three main organizations, the IOHK, Cardano Foundation, and Emurgo. Hoskinson and IOHK strive to follow the principles of academic peer review in the project’s development process. The native asset of the Cardano blockchain is called ADA, but previously this year, the project rolled out an update, which allows users to issue other tokens on the Cardano blockchain as well. In September 2021 smart contracts debuted on the Cardano mainnet, which was a major milestone for the ecosystem.
ADA is currently trading at a discounted, 3-month low, price
ADA was one of the hardest-hit top-tier cryptocurrencies last week. Its price dropped by a whopping 20% from $1.88 to below $1.50. However, the downward trend is likely to reverse soon as protocol improvements and updates are set to roll out. This represents a unique opportunity for Cardano believers and supporters to amass even more ADA before new functionalities are deployed. Following the Alonzo upgrade that brought smart contracts to the Cardano mainnet, the team is now working on improving Plutus, a platform that enables developers to write decentralized applications (dApps) with scripting capabilities that interact with distributed ledgers. In addition, the Plutus Application Backend (PAB) provides an environment in which developers can test dApps, before deploying them to a live production environment. Another Plutus update is scheduled to be released by the end of November. In addition, IOHK announced they will be making small adjustments to the Cardano mainnet protocol to improve the way the network handles a large volume of data as well as transactions and scripts of different complexity and size. As part of this effort, the block size will be increased by 8KB to 72KB and Plutus script memory units per transaction will be bumped up to 11.25 million (12.5% increase). Adjustments will be applied to the mainnet on epoch 306, on Wednesday, December 1, 2021, at 21:45:00 UTC. The continued development also translates to the rapid expansion of the Cardano ecosystem, which became especially evident after the Alonzo upgrade. In addition, ADA Finance, a Cardano-powered project recently won the Best DeFi project of the year award at the 2021 AIBC Summit in Malta. As if that were not enough, it seems to only be a matter of time until we will be able to swap tokens on DOEX, the first decentralized exchange on Cardano. The DOEX team aims for a Q1 2022 launch.
1. Binance Coin (BNB)
Binance Coin (BNB) was originally launched in 2017 as an ERC-20 token sold through an initial coin offering (ICO). In April 2019, the Binance Chain was launched, and all the ERC-20 tokens were replaced with the BNB coin, which became the native cryptocurrency of the new blockchain. Binance Chain is still completely centralized, with Binance having complete control of block management. Binance users who utilize BNB to pay for trading, withdrawal, and listing fees enjoy discounts. While this used to be pretty much the only use case of BNB, the coin has a far greater utility now as it allows users to pay for gas fees, stake BNB, as well as participate in DeFi, liquidity pools, and DEX trading. BNB is also used to determine eligibility to participate in Initial Exchange Offerings (IEOs). In addition, the Binance ecosystem keeps expanding, which means that new products and services are regularly added. In June, for example, Binance launched its own NFT marketplace.
Binance Smart Chain to undergo Bruno hard fork on November 30
Binance recently announced that the Binance Smart Chain will soon undergo a hard fork upgrade. Dubbed the Bruno Upgrade v1.1.5, this hard fork upgrade, will introduce the real-time BNB burning mechanism as described in BEP-95. The fee-burning mechanisms included in BEP-95 are largely like the ones included in the London hard fork that changed the way how Ethereum blockchain operates in August this year. The Binance Smart Chain hard fork will also improve the node syncing speed by 60-70% (BEP-93) and deploy some other minor bug fixes and improvements. The Bruno hard fork will execute at block height 13,082,000. Given the current block generation speed, this is forecasted to occur around November 30 at 08:00 AM UTC. The newly introduced gas fee burning mechanisms will speed up the burning process of BNB. However, Binance will not cease to conduct regular quarterly BNB burns nor diminish the amount of BNB to be burned. In fact, the real-time fee burning mechanism will function completely independently of scheduled quarterly burns, which will further improve the intrinsic value of BNB in the long run. In addition, we are already at two-thirds of Q4 2021, meaning that another BNB quarterly burn is approaching fast. Given that the cryptocurrency markets were in a bullish trend throughout most of the quarter so far, the 18th quarterly BNB burn set to take place at the beginning of January 2022 is likely to be among the bigger ones by BNB valuation once again.
Throughout Week 46 bearish conditions prevailed on most cryptocurrency markets. This caused the total cryptocurrency market capitalization to drop by over $400 billion compared to the ATH market valuation of $3.03 trillion that was set on November 10. Nevertheless, there was one crypto sub-group that managed to defy the general downward trend. These were the coins and tokens associated with blockchain gaming sector, which is still gaining momentum following Fecebook’s rebrand into Meta. Several tokens, including the MANA (Decentraland) and SAND (The Sandbox), which we wrote about in our previousarticles, surged towards their new ATHs. But which coins have the best potential to do the same in Week 47? Well, this might just be the best place to find out…
3. Parsiq (PRQ)
Parsiq is a blockchain-based analytics platform that specializes in connecting blockchain activity to real-world applications and events. In other words, Parsiq offers a blockchain-based version of an if-this-then-that (IFTTT) service. The Parsiq team is also advocating for higher blockchain interoperability, which is why their services are available over a wide variety of blockchain networks including Ethereum (ETH), Solana (SOL), Binance Smart Chain (BSC), Polkadot (DOT) and Algorand (ALGO), to mention just a few. The team is also working on integrating with new blockchains, DeFi protocols and apps.
Parsiq’s IQ protocol expands to Solana, records rapid TVL growth
Decentralized data monitoring system Parsiq (PRQ) is experiencing rapid growth in users and traffic as well as a growing number of partnerships, third-party rankings, and an increasing total value locked (TVL). Last week, Parsiq revealed that its services are available on Solana too. While both users and investors were very happy about the integration, this is by far not the only major integration of the project’s IQ protocol. The team managed to score more than 50 partnerships in 2021, including those with major players such as Solana (SOL), Polkadot (DOT) and Chainlink (LINK). However, the team currently has more than 30 new projects in the pipeline to be integrated with IQ Protocol. The high availability of Parsiq’s services also boosts adoption. From June to November, the number of addresses staking PRQ in IQ Protocol grew from 95 to over 5,000 and the number of PRQ tokens staked has increased from just 3 million PRQ to over 50 million PRQ. Furthermore, BSC News recently proclaimed Parsiq as the top mid-market cap DeFi project on BSC.
2. Crypto.com Coin (CRO)
Crypto.com is a Singapore-based cryptocurrency exchange and crypto debit card issuer, which aims to increase the usage of cryptocurrency as a payment method for everyday purchases. Early crypto adopters might have heard of Monaco, which was the name the company used before the rebrand in July 2018. Monaco started out by conducting a token sale between May and June of 2017, which raised a total of $26.7 million. Staking the platform’s native CRO token offers discounted fees on the exchange, higher earnings on Crypto Earn, loans with lower annual interest as well as 100% rebates on streaming services (Spotify, Netflix, Amazon Prime) and cashbacks of up to 8% for the Crypto.com’s Visa card holders. Today, Crypto.com is a well-known player in the cryptocurrency industry and its CRO token is already the second biggest exchange token by market cap.
CRO set ATH after news about the Staples Center renaming deal went public
Crypto.com has been taking their marketing campaigns very seriously. The exchange’s marketing sector clearly figured out that sports are the best way to promote their services. Earlier this year Crypto.com has struck a sponsorship deal worth $100 million with Formula 1 and another deal worth $175 million over 10 years with UFC. The crypto company has recently upped its game with a $400 million deal with NBA franchise Philadelphia 76ers and a “Future favours the brave” campaign featuring Hollywood actor Matt Damon which likely costed more than $100 million as well. But the biggest deal was revealed to the public on November 17, when Crypto.com revealed they have struck a deal with AEG, one of the world’s biggest presenters of sports and entertainment programming, to rename the Staples centre, an iconic sports and entertainment venue, to Crypto.com Arena. To hold the naming rights for the next 20 years, Crypto.com had to cash out $700 million. While that sure sounds like a lot of money, this means that Crypto.com will be placed at the forefront of the global sports and live-entertainment industry for the next 20 years. The deal also brought the Los Angeles Lakers and the LA Kings teams among Crypto.com’s partners. The renaming deal seems to already be having the desired effect. The number of Crypto.com users is increasing and the price of CRO token surged by almost 50% on the day of the announcement, resulting in the token’s new ATH price of $ 0.594040. In addition, Crypto.com recently launched its own blockchains called Crypto.com Chain and Cronos chain, which will provide a native decentralized infrastructure for Crypto.com users and developers.
1. Avalanche (AVAX)
Avalanche is a highly scalable open-source smart-contract enabled blockchain ecosystem. It relies on its own Proof-of-Stake consensus protocols called the Avalanche consensus protocol and the Snowman consensus protocol, which guarantee blockchain immutability while consuming minimal amount of energy at the same time. In addition, Avalanche ecosystem is also highly interoperable – for example Avalanche applications are compatible with Ethereum’s Solidity smart contract programming language and Ethereum-based tokens can be transferred to Avalanche blockchains via Avalanche Bridge. As such it is most often used for various DeFi applications and enterprise blockchain deployments. Every blockchain within Avalanche is part of a subnet, but validators can choose which subnets they want to participate in. Nevertheless, validators are required to be active on the Primary Network, which consists of three blockchains: the Platform chain or P-Chain, the Contract chain or C-Chain and the Exchange chain or X-Chain.
AVAX defies the general market trend and continues trading at ATH prices
Avalanche’s market-defying rally is partly fuelled by Ava Labs’ new partnership with Deloitte. The “Big Four” accountant firm announced that it plans to use Avalanche’s blockchain for a new project they are working on. In its blog post Avalanche further revealed that their blockchain solutions would help Deloitte in “minimizing fraud, waste, and abuse,” which is a critical feature of disaster management solutions. In addition, USDT has recently launched on Avalanche, bringing the DeFi platform’s users access to the largest and most liquid stablecoin in the industry. Doing so Avalanche (AVAX) has become the ninth blockchain platform to support USDT, the world’s largest market cap stablecoin. In addition, the update to Pangolin, the most popular decentralized exchange (DEX) on Avalanche, also represents good news for the whole ecosystem. The updated smart contracts of Pangolin V2, which will further fine-tune the decentralized trading and yield farming process, are going to be activated on November 21 on the Avalanche mainnet. All these positive news and more have allowed Avalanche’s native token managed to defy the general market downtrend. During last week, when most cryptocurrencies lost 10% of their value or even more, AVAX grew by more than 30%. In fact, AVAX was the best performing crypto asset in the group of top 40 cryptocurrencies by market cap both considering last 7 days and last month. Nevertheless, we do believe that the token still has plenty of room to grow.
Last week the total capitalization of all cryptocurrencies combined exceeded $3 trillion for the first time ever. While the figure itself is remarkable, it is even more fascinating that the $2 trillion mark was crossed just seven months ago, and $1 trillion three months before that, which points to the exponential growth of the crypto markets. The rapid appreciation of many crypto assets has also attracted a large influx of new investments. Last week, leading digital currency investment firm Grayscale reported more than $60 billion in assets under management (AUM). Grayscale’s AUM now exceeds the AUM of the world’s largest spot gold ETF, which indicates that investors have recognized cryptocurrencies as a good store of value asset class and according to many modern investors, cryptocurrencies are even better than precious metals in hedging against inflation. But which coins should you keep an eye on this week, if you want the best odds to see green numbers at the end of the week? Find out 3 ideas in the following article.
3. VeChain (VET)
VeChain is a project that utilizes the combination of the IoT (Internet of Things) infrastructure and blockchain technology to improve the efficiency and transparency of the existing real-world asset supply chains. The main feature VeChain offers is labeling products with RFID or QR codes, which are scanned at every step of the transportation process, granting the supply chain manager higher levels of control and more insight into the whole process, which turned out as an extremely useful feature in the past few months when many companies faced a supply-chain crisis. The project development and maintenance are overseen by the Singapore-based company carrying the same name, which was founded by Sunny Lu in 2015. VeChain utilizes a Proof-of-Authority consensus algorithm, and their enterprise-focused platform relies on two tokens: the VET token is used as a carrier of value on the network, while the VeThor Token (VTHO) is used to pay for transaction fees and the execution of smart contracts.
At the end of October VeChain announced they will roll out the renewed Proof of Authority consensus dubbed the PoA 2.0 in November. After successful deployment on the VeChain testnet on November 5 and a favorable result of the community VeVote, the upgraded consensus algorithm will be deployed to the mainnet on November 16 in an event called the Surface mainnet upgrade. The upgrade will be triggered at block #10653500, which is going to be proposed at 8 AM GMT. The PoA 2.0 consensus algorithm which combines characteristics of two of the most common consensus types (the Nakamoto and Byzantine Fault Tolerance (BFT) consensus mechanisms) is described in VIP193. This improvement proposal describes three major improvements: the VRF-based source of randomness, a committee-based block-producing process, and a passive block finality confirmation process. In Phase 1 of the deployment, the VRF source of randomness will be implemented. After implementation, it will be next to impossible to predict block proposers ahead in time, thereby further increasing the security of the VeChainThor blockchain. VeChain also re-assured its users that no actions are required by holders of VET or any other token on the VeChainThor blockchain because of the mainnet upgrade.
2. TRON (TRX)
TRON is a delegated proof-of-stake (PoS) consensus model blockchain platform that launched its mainnet in June 2018. However, TRON’s native asset TRX existed even before the mainnet launch in the form of an ERC-20 token on the Ethereum blockchain. Like Ethereum, Solana, and Polkadot, TRON blockchain is designed to host smart contracts and decentralized applications (dApps). TRON blockchain is known for its fast transactions and low transaction fees. In addition, Tron blockchain can host custom TRON-based tokens, issued by using the TRC10 and TRC20 standards. The project was founded by Chinese entrepreneur Justin Sun, and its development is headed by the Tron Foundation, which was established in 2017. Since then TRON has grown to become a major player in the blockchain sector. Its network is host to some of the leading apps in the industry and sees a huge volume of data and wealth transferred across its ecosystem each day.
TRON established a $1 billion ecosystem fund to incentivize developers
Tron Foundation recently unveiled the establishment of a massive fund to support the adoption of the TRON ecosystem. Much like Algorand, Avalanche, and some other DeFi-focused chains that have also launched their development funds over the last couple of months, TRON’s fund is also designed to attract new developers to build on TRON. Nevertheless, the platform wants to attract already established projects too as the largest incentives will be provided to protocols that currently operate on other chains and decide to migrate across to TRON. With the $1,111,111,111 ecosystem fund TRON aims to further expand its already burgeoning ecosystem of various decentralized finance (DeFi), non-fungible tokens (NFTs), and stablecoin projects. TRON founder, Justin Sun hopes that the fund will help them keep the developmental momentum. He stated:
“This fund reflects our constant efforts to innovate and stay at the bleeding edge of blockchain. As the blockchain universe expands to new horizons, cross-chain interoperability, especially in DeFi and NFTs, will play a critical role in our continued success. Accordingly, encouraging the developers who are the backbone of this decentralized movement to join us is crucial for maintaining the TRON ecosystem’s longevity and competitive edge.”
The fund was well received by investors as VanEck’s VTRX exchange-traded note (ETN) saw a dramatic increase in demand in the days following the announcement. The note, which is fully backed by TRON’s native token TRX, added another 200,000,000 tokens on November 2 alone. The VTRX’s aggregate holdings currently float around 800 million TRX, worth over $100 million at the time of writing. In addition, TRON recently celebrated two major milestones. The number of TRON accounts surpassed 62 million and TRON became the 6th largest blockchain by total value locker (TVL) according to DefiLlama. In addition, the TRON ecosystem is lately experiencing higher weekly inflows than Cardano and Solana.
1. Bitcoin (BTC)
Although we believe Bitcoin does not need much introduction and that all eyes would be on it even if it were not featured on our list, here is a short summary of the history and key characteristics of the first truly decentralized digital currency. The world’s pioneer cryptocurrency was launched by a pseudonymous figure named Satoshi Nakamoto in 2009 and has a capped supply of 21 million coins. The decreasing miner block rewards make the cryptocurrency scarcer with time, ensuring a deflationary nature. Bitcoin is also often referred to as the barometer of the cryptocurrency market as other assets usually follow BTC’s price performance.
Bitcoin set a new ATH price by trading at $68,770 on November 10
On Wednesday, November 10, Bitcoin price climbed and peaked at $68,770 which is the oldest crypto’s new ATH price. Bitcoin’s appreciation contributed a lion’s share to the crypto market’s total valuation exceeding the $3 trillion mark. However, soon after setting the new ATH, BTC plunged by $5,000, causing it to retest the $63,000 support level. During the fast-paced market correction, more than $500 million worth of open long positions were liquidated. However, the Bitcoin market still looks very bullish, and the recent Bitcoin Taproot soft fork can only improve the market sentiment. Following a rather rare moment of consensus among Bitcoin miners, the first bitcoin upgrade in four years was activated on November 15. The Taproot upgrade will add something known as Schnorr signatures, which essentially makes complex multi-signature transactions indistinguishable from simple one-signature transactions when viewed on the public ledger. Doing so the Taproot upgrade not only increases user privacy, but also makes smart contracts on Bitcoin smaller in terms of used blockchain space and cheaper. In addition, the Lightning Network and other complex wallets and contracts will enjoy greater efficiency and lower transaction fees, further promoting the usage of Bitcoin as a medium of exchange. Do you also think that this enhanced functionality and efficiency can pump Bitcoin up to yet another ATH price?
At the end of Week 44 the total valuation of all cryptocurrencies in circulation stood at an astounding $2.87 trillion. While BTC was trading a few percent below its ATH price, several other major cryptocurrencies reached their new ATH prices in Week 44. The cryptocurrencies that surged higher than ever before include but are not limited to ETH (Ethereum), SOL (Solana), DOT (Polkadot), AVAX (Avalanche), LUNA (Terra), AXS (Axie Infinity), CRO (Crypto.com Coin) and HNT (Helium). The hype around metaverse-focused blockchain projects triggered by Facebook’s rebrand to Meta continued throughout Week 44. If such rapid growth continues, the cryptocurrency market could hit a $3 trillion valuation very soon. Do you think that this major milestone will be crossed already this week?
3. Enjin Coin (ENJ)
Enjin Coin (ENJ) is an Ethereum-based cryptocurrency (ERC1155 token) used to directly back the value of next-generation blockchain assets. It is designed for social gaming as it allows virtual goods to be traded on the blockchain using smart contracts, non-fungible tokens and ENJ as a payment method. The project aims to change the fundamental nature of virtual worlds by providing infinite high-speed transactions between players and game providers at zero cost. More than a million people are already using Enjin’s products to manage, create, and trade these blockchain assets. Earlier this year, Enjin raised nearly $19 million in a funding round led by major crypto exchange Crypto.com to debut Efinity, its Polkadot-based NFT-focused blockchain. EFI, the native cryptocurrency of Efinity, went live in August 2021 after another $20-million had been raised through EFI token sale in July.
Enjin establishes a $100M fund to decentralize its metaverse
Like Decentraland (MANA) and several other blockchain projects developing virtual reality worlds, Enjin benefited from the Facebook’s recent rebrand. The project, which focuses on providing infrastructure for in-game transactions and NFTs, has almost infinite use cases in the metaverses of the future. On the tailwind of Facebook’s Meta rebrand, ENJ price grew by 33% last week. At the time of writing, ENJ is trading at $3.33. Nevertheless, the popular social network’s parent company changing its name into Meta is not the only reason for ENJ rally. The upward trend was additionally boosted by Enjin’s own announcement of a $100M fund being set up to facilitate Enjin metaverse decentralization. As per the announcement, the Efinity Metaverse Fund will support Enjin and Efinity adopters, and other organizations working on Enjin Ecosystem Integration, Metaverse, Collaborative NFT and gaming projects. The fund will also reward developers working on decentralization, such as building cross-chain and multi-chain infrastructure, as well as pioneering projects that dare to venture “where no one has gone before”. The fund will work by providing equity investments in seed or Series A funding rounds as well as by purchasing native tokens issued by eligible projects.
2. The Sandbox (SAND)
The Sandbox is a user-generated blockchain-based virtual world where players can build, create as well as buy and sell digital assets in the form of a game. The Sandbox was initially an ordinary sandbox game for mobile phones and PCs, but transformed into a blockchain-based voxel universe after it was acquired by Animoca Brands in August 2018. As well as other projects within the blockchain gaming ecosystem, The Sandbox too experienced explosive growth over the course of 2021 as nonfungible tokens (NFT) and the play-to-earn gaming model gained momentum. The Sandbox ecosystem utilized SAND as its utility token and as the basis of transactions and interactions. SAND is an ERC-20 token and there is a finite supply of 3,000,000,000 SAND. SAND can also be used for staking and governing the Sandbox metaverse.
Brands and creators pile into The Sandbox metaverse following a successful completion of a $93-million funding round
Market analysts have identified three main reasons for the recent sudden spike in the price of SAND in addition to the general uptrend seen in all metaverse-associated projects. The first reason is the successful competition of a Series B funding round disclosed to the public on November 2. The Sandbox representatives revealed that they have raised over $93 million, with the main investor being SoftBank, a Japanese multinational conglomerate. The second reason is The Sandbox’s expanding ecosystem that continues to onboard new partners. Game developers recently revealed a collaboration with famous rapper Snoop Dogg, who wishes to build digital replica of his mansion in the Sandbox’s metaverse. The third key reason for The Sandbox’s success is its growing adoption, which is facilitated by the project’s supportive environment, that allows creators to engage with their communities while also receiving a lion’s share of revenue generated by their efforts. The success of the project has largely translated into SAND appreciation. The metaverse’s native token grew its value by 71% last week and is up by more than 230% in the last month. Sebastien Borget, COO and co-founder at The Sandbox, stated that they now want to expand their operations from gaming into fashion, architecture, and virtual concerts. In addition, the company wants to offer a decentralized and user-governed alternative to large corporate-owned metaverses that are emerging.
Borget stated: “We are creating this open metaverse. We are positioning the Sandbox against those giant tech companies who are claiming the metaverse to be theirs, offering an alternative where users are first.”
1. Polkadot (DOT)
Polkadot is a blockchain solution that allows multiple specialized blockchains called parachains to run at the same time and interoperate. Polkadot can connect diverse blockchains into a single, decentralized and highly scalable ecosystem. The network operates using a proof-of-stake consensus algorithm and utilizes a native currency DOT. The project was originally designed by Dr. Gavin Wood, one of the co-founders of Ethereum and the inventor the smart contract programming language named Solidity. Along with Cardano, Solana, and several other networks Polkadot is considered one of the potential “Ethereum killers”.
DOT climbs to a new ATH in expectation of the first Polkadot Parachain Auction
Fuelled by the excitement surrounding the announced first Polkadot parachain auction, DOT has climbed to a new ATH of almost $55 on November 4. At the time of writing, DOT is trading just about $2 under the ATH price and is looking ready to surpass the current highest valuation, especially considering that the first parachain slot auction is set to begin this week – the date to mark on your calendars is November 11. The first batch of five parachains will be auctioned on a weekly basis, with parachain deployment scheduled for December 15 for all five winning bidders together. The Polkadot council has also already approved the schedule for auctioning the second batch of parachains, which will begin on December 23 and will take on the same format as the first batch, except that a new slot auction will begin on a bi-weekly basis. In addition, the Polkadot Council has recently voted out a future logo design and a fresh new brand identity. Nevertheless, it is not only the positive market sentiment that fuels the rally – technical indicators for DOT are also looking good. Experienced traders and technical analysts identified an inverse head and shoulders (IH&S) pattern in the daily DOT/USDT chart. While DOT is currently trading slightly above the IH&S neckline, the latest price jump accompanied by increased trading volumes, indicates that traders are supportive of the move higher, above the IH&S neckline. Judging by the depth of the IH&S setup, DOT’s target price lies near $90, with possibilities of the rally being extended towards the psychological resistance level of $100.
The cryptocurrency market has ended Week 43 with a total market capitalization of $2.67 trillion. However, despite favourable conditions and record inflows into cryptocurrency investment products Bitcoin failed to set a new ATH price last week as it traded between $60,000 and $63,000 for most of the time. The second largest cryptocurrency, Ethereum, performed slightly better and managed to post a new ATH price of $4,453 on October 29. Do you think ETH can surge even higher this week? We sure do think so! But which other coins are worth keeping an eye on in Week 44? Find out more in the following article.
3. Curve DAO Token (CRV)
Curve is a decentralized exchange with liquidity pools built on the Ethereum blockchain. The protocol aims to provide its users a simple and easy-to-use product for swapping Ethereum-based assets with low slippage and minimal fees. Curve was developed by Russian scientist Michael Egorov. He launched Curve in January of 2020 and the platform quickly became one of the most used DEXes. The protocol uses a native token named Curve Dao Token (CRV) for decentralized governance as well as rewarding liquidity providers on CurveFinance.
CRV was one of the top performing DeFi tokens In October
Curve DAO Token (CRV), the governance token for Curve Finance, has quietly became one of the top performers among DeFi tokens in October. CRV, which is currently changing hands at a price of around $4.50 per token, has seen an 85% gain during last month. In addition, the total value locked (TVL) on Curve is almost at $20 billion. One of the key identified reasons for the rally lies in the CRV’s tokenomics. To clarify, Curve heavily incentivises users to lock their CRV on the protocol long-term and earn rewards from staking. As a result, almost 350 million CRV (more than 88% of the circulating supply), is currently locked on the Curve protocol with an average vesting time of 3.68 years, according to data provided by Curve. Another factor driving the price of CRV up is the so-called “Curve Wars”. The community forged this word to describe the practice of DeFi platforms, such as Yearn.finance, Convex Finance and Abracadabra.money, which are offering very attractive yields on CRV to try to lure in CRV holders. Once an investor decides to lock-in his CRV on these platforms, their underlying protocols will use the governance power granted by holding VeCRV to vote for a higher allocation of rewards to the liquidity pools that they are providing liquidity to. Doing so, they can maximize their yields from Curve Finance. While the competition pushes DeFi platforms to offer lucrative returns on CRV and maximize their yields, it is important to note that such buying of votes could threaten the decentralization of Curve protocol. According to Dune Analytics, Convex Finance currently controls more than 37% of Curve’s governance, so be ware who you entrust your precious CRV!
2. Decentraland (MANA)
Decentraland is a virtual reality platform powered by the Ethereum blockchain. The developers aim to provide an infrastructure to support a shared virtual world, also called a metaverse. Decentraland players can purchase and sell plots of land in the virtual world and use them to explore and even build on them. Decentraland currently uses two tokens: MANA and LAND, with MANA being the Decentraland’s native currency and main medium of exchange. MANA is an ERC-20 token that can be used to pay for a range of avatars and other products on the Decentraland marketplace.
Metaverse cryptocurrencies rally following Facebook’s rebrand to Meta
Last Thursday, Facebook founder Mark Zuckerberg made headlines by announcing that the famous social network company is changing its name. The company in charge of Facebook, Instagram, WhatsApp, and several other products changed its name to “Meta,” to emphasize the company’s vision to develop a “metaverse” of the future. Following Zuckerberg’s announcement several cryptocurrency projects focused on developing virtual worlds have garnered a lot of attention. In the 24 hours after the Facebook rebrand announcement, WEMIX (WEMIX) gained 45%, UFO gaming 25%, The Sandbox (SAND) 23%, Star Atlas (ATLAS) 22%, My Neighbor Alice (ALICE) 13%, and Axie Infinity token AXS 10%. But the biggest benefactor of this “metaverse” FOMO was Decentraland, as its currency MANA gained more than 60% on Friday October 29. The uptrend was caused by the speculation that Meta would eventually integrate NFT technology in its products and the most likely way to do this is by collaborating with one of the already established projects operating in the space. This speculation has caused the total market capitalization of metaverse tokens to grow by 13.40% on October 29 alone. While the $13 billion worth metaverse subsector is currently very prone to a correction as the market cools off a bit, the long-term trend for projects working on virtual worlds is likely to be an upward one.
1. Ethereum (ETH)
Ethereum is an open-source distributed blockchain that pioneered smart contract functionality. It operates as a decentralized virtual machine which can execute scripts. The smart contracts operate in a fast, immutable and trustless manner, while the speeds and capabilities of the Ethereum blockchain are going to further increase when Ethereum 2.0 is fully launched. Ethereum’s native asset Ether (ETH) is currently the second-largest cryptocurrency by market capitalization. Although it can also be used as a currency for transactions between different nodes, it is more commonly used to execute smart contracts. The Ethereum blockchain also hosts a number of ERC20 tokens with different utilities – these include Exchange tokens (OKB, HT, UNI), DeFi tokens (LINK, MKR, COMP, SNX, ZRX…) and several stablecoins such as USDC, DAI, TUSD, and USDT.
Altair, likely the last major upgrade before full transition to proof-of-stake, successfully deployed on October 27
On Wednesday, October 27, Ethereum 2.0 Altair Beacon Chain update has successfully rolled out. Altair is the first upgrade to the Ethereum 2.0 Beacon Chain since it went online in December 2020 and very likely also the last major upgrade before the Beacon chain merges with the Ethereum mainnet and the network changes to proof-of-stake (PoS) consensus mechanism. Among a handful of changes that increased the efficiency and tidiness of the network, Altair added support for light clients and increased the penalties for offline nodes. Ethereum developers highlighted that the merge will further increase these penalties. Just one day after the Altair deployment, more than 98.7% of nodes already upgraded. The high percentage is likely because Altair upgrade was a hard fork, which means that validator nodes who didn’t upgrade were pushed offline, and their Ether stakes will gradually diminish at a rate of around 10% per year. On the other hand, nodes who did upgrade are now one step closer to Ethereum 2.0, a drastically more scalable blockchain that promises to perform up to 100,000 transactions per second. This increase in throughput will be achieved through the implementation of shard chains and the switch from energy-hungry proof-of-work (PoW) to more efficient and less energy-consuming proof-of-stake consensus. The upgrade is expected to significantly reduce the cost of transactions and smart contract execution, thereby opening new Ethereum use cases, that are now hindered by the high costs connected with Ethereum operations. On October 29, just two days after the Altair upgrade saw the light of day, Ethereum climbed to its new ATH valuation of $4,453. The positive ETH market sentiment resembles the community’s optimism and high expectations regarding the Ethereum 2.0. Let’s hope that Ethereum 2.0 will delivers as soon as possible. The merge of the Beacon chain with Ethereum mainnet and the launch of shard chains is expected to happen in 2022.
The cryptocurrency market is booming as the prices of several top coins and tokens are still on the rise. The overall good market sentiment can partly be attributed to the fact that the first Bitcoin-linked exchange traded fund commenced trading on New York Stock Exchange on Tuesday, October 19. A day after that, Bitcoin, the first and largest crypto by market capitalization, set a new ATH price of $66,931. The second largest cryptocurrency, ETH, is also trading very close to its ATH price. Nevertheless, ETH failed to surge higher than $4,362, where it traded on May 12. It did, however, come very close to its ATH, as it traded just $2 below the abovementioned record valuation on October 21. You can imagine that two of the largest cryptocurrencies trading at or nearly at their respective ATH prices means that the total cryptocurrency market valuation was also at its ATH. The total cryptocurrency market valuation reached its new ATH valuation of $2.70 trillion on October 21. While the value has since dropped to $2.55 trillion at the end of Week 42, the cryptocurrency market is still hot and could surge higher anytime.
3. Filecoin (FIL)
Filecoin is a decentralized file storage network based on the InterPlanetary File System (IPFS), a peer-to-peer file storage and sharing protocol released by Protocol Labs in 2015. The project raised $205 million worth of crypto in a 2017 ICO and finally launched its highly anticipated mainnet on October 15, 2020. The FIL token is the native asset of the Filecoin blockchain. FIL is used to purchase storage space and retrieve data from the Filecoin network and provides economic incentive to storage provides.
FIL futures open interest indicates an improved market sentiment
Filecoin recently celebrated the first anniversary of the network’s mainnet launch, which took place on October 15, 2020. To showcase what has been done and to commemorate the anniversary, Filecoin developers published a “year in review” blog post and the network stats featured in the post are quite impressive, to say the least. One year after the launch, the network boasts with 12 EiB of total network storage power, more than 3,300 storage providers and over 230 organizations building on the network. But Filecoin is not stopping there. The project is now trying to attract new users through a special referral program announced on September 14, which offers rewards to users who bring on members carrying datasets larger than 90 Terabytes. In addition, Filecoin recently revealed a newly formed partnership with Flow blockchain, disclosing that Filecoin will further decentralize the NFT and blockchain gaming platform Flow, as it has become its official storage provider. Despite the positive developments, FIL price has been rather stagnant and unimpressive. The token is currently changing hands at around $64 a piece, which is more than 70% blow FIL’s ATH price. Nevertheless, Filecoin futures market data shows 45% increase in the futures open interest in October, which indicates that investors are starting to see potential in FIL again. In addition, the daily release of FIL to early investors holding simple agreements for future tokens (SAFTs) will decrease by 23.8% on October 15, to mark a year since the mainnet launched. Will the diminished supply, signs of increased adoption and new partnerships be enough to carry FIL back above $100 per token?
2. Binance Coin (BNB)
Binance Coin (BNB) originally launched in 2017 as an ERC-20 token sold through an initial coin offering (ICO). In April 2019, the Binance Chain was launched, and all the ERC-20 tokens were replaced with the BNB coin, which became the native cryptocurrency of the new blockchain. Binance Chain is still completely centralized, with Binance having complete control of block management. Binance users who utilize BNB to pay for trading, withdrawal and listing fees enjoy discounts. While this used to be pretty much the only use case of BNB, the coin has a far greater utility now as it allows users to pay for gas fees, stake BNB, as well as participate in DeFi, liquidity pools, and DEX trading. BNB is also used to determine eligibility to participate in Initial Exchange Offerings (IEOs). In addition, the Binance ecosystem keeps expanding, which means that new products and services are regularly added. In June, for example, Binance launched its own NFT marketplace.
New BNB burning mechanisms and the largest quarterly burn in terms of dollar value apply significant deflationary pressure
As you may know, Binance uses a fifth of its quarterly profits to buy back and burn its native currency (BNB) and will continue to do so until 50% of BNB supply is forever removed from circulation. In mid-October, Binance announced the successful competition of the 17th quarterly BNB burn, revealing that it was again the largest BNB burn in history in terms of dollar value. This time the renowned exchange destroyed 1,335,888 BNB (worth almost $640 million), which means that in terms of dollar valuation, the 17th BNB burn surpassed the 15th BNB burn, which previously held the record, by over $44 million. Furthermore, a few days ago Binance proposed a new Binance Evolution Protocol, BEP-95, which would introduce a real-time BNB burning mechanism. When BEP-95 will be deployed, the Binance Smart Chain (BSC) would burn a fixed ratio of the gas fee collected by the validators in each block. Let’s remember that since August’s London hard fork, Ethereum, employs a very similar fee burning mechanism, which is commonly known as EIP-1559, the Ethereum Improvement Protocol that implemented it. While Binance proposed that the burn ratio to be initially set to 10%, BSC validators will be able to change the percentage of gas fees burned in each block through a community proposal and vote process. The amount of BNB burned through the newly proposed mechanism will directly correlate with the activity on the BSC. The implementation of BEP-95 would also mean that BNB burning will continue even after Binance burns 50% of the supply through quarterly burns. Record high quarterly burns combined with additional real time coin burning mechanisms are applying deflationary pressure to BNB, making it more likely to appreciate in the long run.
1. Solana (SOL)
Solana is a smart contract enabled blockchain platform developed with a focus on scalability. Due to its top throughput of 65,000 transactions per second and absurdly low transaction fees (an average transaction on the blockchain costs just $0.00025), Solana is considered one of the strongest Ethereum competitors. Such a high blockchain efficiency is made possible by utilizing an innovative proof-of-stake consensus mechanism combined with proof-of-history (PoH) timestamping mechanism. Because of the reasons, Solana is very popular among various non-fungible token (NFT) projects and decentralized finance applications of all kinds. In addition, the project also backed by major investors such as Alameda Research, Polychain and Andreessen Horowitz. With $314 million raised in a private token sale in June 2021, Solana Labs have more than sufficient funds for further development of the Solana blockchain.
The abundance of positive news fuels Solana market, causes SOL to set a new ATH price of $218
While the price of SOL rallied very close to its previous ATH, set on September 9, over the weekend, the potential ETH killer finally breached $213 on Monday, October 25. At the time of writing, SOL is trading very close to its new ATH of $218. The surge has been fuelled by the generally positive market sentiment and several positive announcements concerning Solana network. We have already written about Terra’s UST stablecoin coming to Solana DeFi through Wormhole bridge in a recent Top 3 Coins to Watch article. Naturally, Terra is not the only project to consider Solana deployment and several new projects roll out their mainnets every month. Among the more recent additions is Apricot, a promising new next-generation DeFi lending protocol that supports cross-margin leveraged yield farming, that launched its mainnet on October 19. Furthermore, on November 9, a multi-governance client for the Solana ecosystem called Squads v0.1 will launch its beta on mainnet. The project will simplify decentralized governance and allow every project or even a NFT creator to simply form a decentralized autonomous organization (DAO) with deployment, voting and treasury features already incorporated. Finally, the Solana community is currently running a Global Solana Hackathon dubbed “IGNITION” with more than $5 million in SOL to be rewarded to project developers. Based on the above listed developments, we believe that SOL rally is far from over and that the ATH price listed in the title will soon, perhaps already by press time, be a thing of the past.
