It’s the holy grail of crypto trading: how can you spot cryptocurrencies that could potentially be highly valuable before the hype – and everyone else – gets there? Sadly for those looking for a quick win, it’s impossible to know with any certainty whether a cryptocurrency is on the rise because the markets can be so volatile.
But what is possible is for you to get better informed and to pick up skills that allow you to spot market signals that might go on to indicate upcoming crypto legends. This blog post will explore how to spot crypto coins as they rise in value.
Read news and content
Crypto news sites are a good shout if you want to get more informed about what causes coins to rise in value. Financial news sites often explain what caused the likes of Bitcoin and Ethereum to rise – and while past performance is no guarantee of future value, it’s certainly worth being aware of these histories.
It’s also a good idea to make sure you’re with a good broker whose software and market access allow you to see a fuller spectrum of potential crypto assets to buy rather than a restricted range. Context, again, is critical here, and information sites like The Bull offer broker reviews that can help you along your way.
Use graphs and charts
Another way to keep an eye on the crypto markets is to check graphs and charts. The tools offered by your broker should be able to help here, as they can often allow you to range nimbly across price growth (or declines) in all sorts of crypto coins. Looking at growth on a day level, weekly level, or even longer can give you what you need to make an educated guess about where the asset might go next.
Rely on instinct
Finally, it’s worth keeping in mind that the markets are not pre-determined and that there’s no guarantee of success. This reality leads some in the crypto sector to think they are unlikely to get anywhere by relying on information and instead choose to use their instinct. It is sometimes what those who have been trading for decades prefer to do. They are, to an extent, still using information they’ve learned about how the market works. Still, often it’s just knowledge they have accumulated over a period of years rather than current news.
This route is certainly one to think about, but it’s not for the faint-hearted; most crypto traders will likely want to keep using the latest information they have at their fingertips rather than doing what just feels right. There are plenty of ways for traders to get the skills they need to assess rising crypto coins fairly. They could, for example, consume news and information, use charts, or even rely on their instincts. But what isn’t possible is knowing for sure which coins are likely to rise in value; that, unfortunately, is impossible.
Over the last couple of months, the price of Bitcoin and other major cryptocurrencies has plummeted, leaving most people skeptical about the future of these decentralized assets. The inability of BTC, the premier crypto, to rise above the $25k mark for months now presents a massive problem for holders, crypto companies, potential traders, and even brands.
Traditional financial institutions and their accompanying fiat currencies are not doing well either. Per financial analysts, the UK’s inflation rates have risen to double digits and will continue to grow. The US is not left out; reports suggest a double-figure hit before the end of Q3 of 2022.
These recent happenings in the crypto and traditional financial markets point to a necessary shift in operations, expressly, the incorporation of dual currencies into the digital asset market. A few exciting features have been launched to usher in this era of dual currencies in the trillion-dollar crypto space. Some of these existing projects offer users an opportunity to earn as they save their crypto holdings.
Bringing Dual Assets and High APRs to Users
YouHodler has launched a new APR generation product — Dual Asset. It commingles tested-and-proven extremely high APR generation schemes and DeFi with the increased level of simplicity synonymous with Fintechs. This combination results in a convenient, profitable wealth management offering with a 365% APR.
Dual Asset is merging two different assets — a stablecoin and a cryptocurrency. According to the team, this product will give users and the crypto space an unprecedented opportunity to receive more rewards based on the asset’s future price increments. Dual Asset is an ideal feature for digital asset owners like yourself looking to obtain higher APRs than traditional holding platforms offer.
YouHodler’s groundbreaking Dual Asset feature aims to promote a convenient and advantageous strategy.
The next project, Bybit, also offers the Dual Asset feature. According to the team, it is a speculation vehicle that allows users to gain small rewards on crypto price movements. Users must predict the direction of a crypto asset like BTC, ETH, and BIT—its native token.
Once your trades mature, you will get returns in USDT or any cryptocurrency. Although, this will depend on the outcome of the transaction. Bybit’s Dual Asset will offer you yield enhancements if your market prediction is correct.
On the other hand, crypto holders will have the chance to increase their crypto portfolio to a considerable percentage. It is an ideal alternative to some of the existing holding systems.
BlockFi, a renowned crypto exchange and DeFi platform, is another project at the forefront of this paradigm shift. It offers a reasonable compound interest which makes it ideal for users looking to invest their crypto assets for an extended period.
It is similar to a savings account where you can simply store your assets safely and receive yield from it, regardless of market price movements.
As the prices of cryptocurrencies continue to drop and with no hope in sight, these platforms allow you to earn while you save your crypto assets. They eliminate the need to create wallet accounts and buy cryptos from exchanges; you simply need to send cryptocurrencies to their platform to get started.
22nd August 2022, Limassol, Cyprus — COSMOS has become the latest cryptocurrency to join the 1xBit family, bringing convenience in crypto betting one step further. With speedy transactions, easy-to-use software, and inter-blockchain communication, COSMOS is about to revolutionize the already groundbreaking betting on 1xBit, and lead crypto gambling into the future.
COSMOS Proof-of-Stake Protocol
COSMOS is a Proof-of-Stake-powered crypto project that provides users with fast, easy access across multiple blockchains. Finding its origins in the Tendermint protocol, a major contributor founded in 2014, COSMOS released its whitepaper in 2016 and began token sales in 2017.
The protocol is the brainchild of the founders of Tendermint, Zarko Milosevic, Ethan Buchman, and Jae Kwon, now replaced as Tendermint’s CEO by Peng Zhong.
The COSMOS token ATOM is mined through a hybrid PoS method, which protects and governs the blockchain, as well as the Cosmos hub. COSMOS protocol has some unique properties that when combined with 1xBit’s offerings will create a stress-free crypto betting experience. These include:
Inter-Blockchain Connection: COSMOS seeks to solve the issue of fragmentation facing the digital community by forming a bridge of communication across multiple crypto industries.
Ease of Use: Blockchain technology can be unwieldy and complex. COSMOS utilizes a modularity-focused software development kit to combat this problem. It has a straightforward and easy-to-use interface.
Scalability: The project focuses on fast-tracking the speed of transactions per second while coping with existing payment firms and sites.
Convenient & Fun Crypto Betting On 1xBit
1xBit already supports over 40 cryptocurrencies on the platform, with new coins like COSMOS being added to the platform regularly. The crypto betting platform is a leading global bitcoin sportsbook and casino platform. It works at using blockchain tech to resolve payment hitches online betting platforms face. 1xBit offers the following benefits:
Multiple payment options: The crypto betting platform offers more than 40 different cryptos as payment options, including Bitcoin (BTC), Ethereum (ETH), Ethereum Classic (ETC), Monero Coin (XMR), Litecoin (LTC), and many more. And now, the future forward COSMOS crypto. Users get to pick the payment option that suits them best with ease.
Fun and competitive games and betting: 1xBit is home to hundreds of gaming and sports betting options. The platform supports a myriad of exciting slot games like Dragon Tiger, Knight of Magic, etc.; Popular Casino games, e.g., Blackjack, Baccarat, and others; plus Live sports betting encompassing a wide variety of sports from all over the world. 1xBit users can never run out of options.
Regular promos: The betting website offers bonuses of up to 7 BTC on the newcomers’ first four deposits. Other promos come up regularly as well.
A stress-free registration process and anonymity: Users get to skip arduous registration processes as 1xBit does not require KYC, thereby promoting anonymity.
Instant payouts and zero charges: 1xBit pays winners their earnings instantly, and charges zero fees.
How To Use COSMOS on 1xBit
Visit the website.
Register in a few steps with your email.
Verify your email address.
Deposit your COSMOS crypto (COSMOS token is available on prominent exchanges and has multiple fiat pairs for easy transactions.)
Enjoy your convenient and lucrative gambling experience.
The combination of COSMOS crypto on 1xBit makes for a cost-efficient, stress-free and exciting experience for all sports lovers and crypto gambling enthusiasts. Head over to 1xBit and experience the future of sports betting with COSMOS.
1xBit is the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to invest
The highly anticipated transition of the Ethereum network from the Proof-of-Work (PoW) consensus to the Proof-of-Stake (PoS) consensus is one of the largest developments in the crypto space in recent months, if not years.
The event dubbed “The Merge” will see the Ethereum mainchain merge with the Beacon Chain, a PoS blockchain launched in late 2020 serving as the network’s consensus layer. After months of testnet implementations and shadow forks, the Ethereum developers are confident that The Merge won’t face any further delays and will take place on September 15/16.
What does the PoW to PoS transition mean for Ethereum users? How can one earn ETH staking rewards by participating in the process of securing the Ethereum network and validating transaction data? These are the questions we are aiming to answer in this article. But first, let’s take a step back to explain what is Ethereum 2.0.
What is ETH 2.0?
Ethereum 2.0 is a widely used name for the new version of the Ethereum network, which will use the Proof-of-Stake consensus algorithm to verify transactions via staking. The upgrade will not only make the network up to 99.9% more efficient than when it was when relying on Proof-of-Work miners, but it will also lay the groundwork for further scaling improvements, such as sharding.
It is worth noting that the Ethereum Foundation moved away from the “Ethereum 2.0” terminology in early 2022 in favor of The Merge, noting that the Ethereum 2.0 branding makes users think intuitively that the “old” Ethereum blockchain will cease to exist once the “2.0” version goes live, when that is not really the case. Despite their efforts, the broader blockchain community has continued to use the ETH 2.0 name – what term is used it’s just a matter of semantics in the end.
What is ETH staking?
After The Merge, the PoS mechanism will be used to reach a consensus about the state of the decentralized ledger. In contrast to the current system, which rewards PoW miners for their task of producing new blockchain blocks and verifying transactions, in PoS, any user with 32 ETH or more will be able to fulfill a similar to the role of miners in PoW by becoming a validator and earn a share of ETH staking rewards.
This means that ETH owners supplying their coins to the Ethereum 2.0 smart contract get to help power the consensus layer and accumulate passive income in the form of ETH staking rewards.
There is a lockup period associated with ETH locked in the smart contract. According to the Ethereum Foundation, users will be unable to redeem their locked ETH until the sharding upgrade, which could take another 2 years to roll out.
How to stake ETH and earn rewards?
Having 32 ETH just laying around to become an Ethereum validator is a steep asking price for the vast majority of the user base. Not only that, setting up your own node is a tedious process, requiring custody of one’s own secure keys, extensive computer knowledge, and a reliable and powerful hardware setup.
The other option to earn ETH staking rewards is to participate in Staking Pools. While Pooled staking generates a lower level of returns than Solo staking, users don’t have to deal with the nasal of running their own node.
Another benefit of Staking pools is that users don’t need to follow the 32 ETH requirement, but can instead join pools with much smaller amounts. Among the most popular Pooled staking services that have emerged in recent times are Lido DAO and Binance Staking. Both products charge a small fee for the service and distribute ETH rewards in their respective STETH and BETH liquidity tokens.
What is Binance ETH 2.0 Staking?
Binance ETH 2.0 Staking is a part of the overarching Binance Staking platform, which allows users to supply their tokens to earn a share of profits generated by various decentralized finance (DeFi) services and Proof-of-Stake networks.
Binance allows users to lock up ETH to start earning a share of Ethereum 2.0 staking rewards in BETH. For each ETH staked, Binance distributes a corresponding amount of BETH to investors at a 1:1 ratio.
Users receive ETH staking rewards in the form of BETH tokens based on the BETH positiondeposited in their Binance Spot accounts. Keep in mind that BETH in external addresses or staked in Launchpool and similar services is not accounted for when distributing staking rewards.
How to use Binance ETH 2.0 Staking?
Staking Ethereum tokens on Binance is a very straightforward process that essentially requires users to have access to ETH in their spot accounts and nothing more.
First, you need to login into your Binance account and select “ETH2.0” from the “Earn” drop-down menu on the Binance homepage.
On the ETH 2.0 Staking homepage, Binance explains the basics of ETH 2.0 staking, the mechanics of the platform’s BETH liquidity token, and answers the most common questions in a dedicated FAQ section located at the bottom of the page.
It is worth noting that the redemption date for locked ETH is not yet known. Binance says that it could take up to 24 months before users will be able to withdraw their staked ETH.
By clicking on the “StakeNow” button located at the top of the page, you can access the ETH 2.0 Staking menu. It includes a brief description of the service and a “Stakeamount” field which lets users enter the amount of ETH they wish to stake. The maximum personal staking quota is 1,000 ETH, while the minimum staking among is 0.0001 ETH.
At the time of this writing, Binance enables investors to earn up to 5.20% APR on their deposited ETH. However, the final APR amount is subject to change and gradually lowers the more ETH a user stakes.
If you wish to stake your ETH to earn crypto rewards on Binance, please click on the button below.
In this section, we will briefly summarize the main advantages of using Binance as an outlet to earn Ethereum 2.0 staking rewards.
Low investment requirement
Users can start earning ETH staking rewards by supplying as little as 0.0001 ETH to Binance’s staking pool.
User friendly
Binance’s offering features a streamlined interface and is very transparent about BETH rewards that accrue in users’ Spot accounts on a daily basis.
Safety of users’ funds
Participating in Binance’s ETH 2.0 staking service means that users do not have to worry about taking care of their own security keys, as is the case when staking ETH as an individual user. In addition, Binance takes care of all slashing risks, which means that users can earn the full amount of staking rewards at all times.
Bottom line
With the merge of Ethereum’s consensus and execution layer rapidly approaching, Ethereum staking has become one of the most sought-after long-term investments in the blockchain space. Binance’s ETH 2.0 staking offering stands out in the crowded space as one of the most user-friendly solutions in the blockchain sector.
The crypto ecosystem is still very new and there are many coin projects with different themes and mechanisms. The newest of these is the in-game purchasing and finance ecosystem called GameFi. Although it is new for 2022, FreeWoly (FWO) is one of the most ambitious and exciting projects in this field. On the other hand, two proven coins, The Sandbox (SAND) and Axie Infinity (AXS), should be considered for medium-term investment.
FreeWoly (FWO) is a coin that includes all concepts such as GameFi, Meme coin, and NFT, which arouses excitement even in pre-sales, and a short-term 3000% increase can be easily seen. First of all, before talking about FreeWoly (FWO), let’s talk about what it includes structurally.
The concept of meme coin started to take a place in our lives with the mega bull season in 2021. In the past year, meme-themed tokens have become very popular, especially thanks to the tweets of Elon Musk, the advocate of DOGE, one of the leading meme coins.
Shiba Inu, who came right after Dogecoin, surprised everyone with its performance. The adoption of joke-oriented meme projects has also inspired FreeWoly (FWO). As it is known, Dogecoin (DOGE), one of the leading meme projects, is the mascot dog on which Shiba Inu, Floki Inu, and Babydoge are based.
However, this situation is different in FreeWoly (FWO). Unlike its peers, the theme of the project revolves around a sheep. This is one of the features that makes the platform different. The farm concept is completely adopted in the system. The aim is to integrate users’ digital farms with the real world. It uses augmented reality (AR) technology. Users can control their farms from anywhere. The currency used in the services on the platform is the FWO token. With this token, you can sell or trade your animals and farms.
The game features unique NFTs that can be traded with any animal. Rare animal species with unusual features are the most valuable. The project uses the Play-to-Earn system. You do not need to deposit any money to participate in the game. On the contrary, it is an attractive ecosystem where you can earn income as you play. The platform’s 2022 goals include enabling NFT printing, increasing promotions and improving the game. 2023 plans can be said to be much more exciting.
The Sandbox (SAND)
The Sandbox (SAND) is one of the most popular games on the Ethereum (ETH) network and has been featured in numerous publications, including Forbes, CoinDesk, and Cointelegraph. The game has also been ranked as one of the top investment opportunities by multiple investment firms. In addition to its investment potential, The Sandbox (SAND) also offers users a way to earn rewards through its GameFi program by playing games and completing tasks. The Metaverse is another key feature of The Sandbox (SAND) that allows users to create and own virtual assets.
Axie Infinity (AXS) is a blockchain-based game that allows players to collect, raise, and battle creatures called Axies. These Axies can be traded on the game’s marketplace, and their value is determined by the market. In addition to trading Axies, players can also earn rewards by playing the game and participating in its community.
The game is built on Ethereum (ETH), and it uses the Ethereum blockchain to track ownership of Axies and handle transactions. AXS is the native token of the Axie Infinity ecosystem, and it is used to buy, sell, and trade Axies. The AXS token also allows players to participate in special events and competitions. The value of the Axie Infinity (AXS) token is based on supply and demand, and it fluctuates on cryptocurrency exchanges.
Axie Infinity (AXS), which started in 2021 at 0.59 cents, was priced at $160 and 36 cents on December 7, 2021. From this point of view, it attracts attention as a great coin that goes from $ 0.59 to $ 160.39 in 1 year. It has increased approximately 272 times in 1 year. It is a coin that can produce very productive results when taken from the right points.
The recent crash in cryptocurrency made investors concerned about their investing options. Many people believed that investing in stable cryptocurrencies is better than that in new ones due to their significant stability, but this recent crash proves them wrong. Every cryptocurrency lost its market value drastically.
Currently, investors are interested in investing in newer cryptocurrencies more than ever. Mehracki (MKI) is an upcoming cryptocurrency having some significant properties you wouldn’t expect from a meme coin. Let’s dig deep into it and find out what it has to offer, and how it competes with crypto giants like Polkadot (DOT) and Avalanche (AVAX).
The Community Driven Token – Mehracki (MKI)
Mehracki (MKI) is a community-driven, friendly meme token built on Solana, aimed at reducing user concerns by bringing wealth to investors. The core idea of Mehracki revolves around cheap, fast, and borderless transactions, focusing on the comfortable industries: hospitality and tourism.
First of all, users use MKI tokens for transactions, execute customer loyalty tokens, bypass expensive intermediaries, and interact directly with consumer behaviour information to improve services. You can do other similar activities. Mehracki’s goal is to integrate it into an ecosystem that includes utility tokens, pleasing NFTs, a DAO, staking, and yield farming.
Unfortunately, the use of Mehracki is not completely free. A 0.5% fee per transaction will be used to maintain the ecosystem through staking rewards, liquidity pools, incentive payments using MKI, and rewards to developers for their contributions to the network.
The Blazing Fast Blockchain – Avalanche (AVAX)
Avalanche (AVAX) is a blockchain launched in 2020 to host dApps, a program that provides on-chain services using self-executing smart contracts. The network is known for its combustion mechanism. To delete a token in cryptocurrency, you need to send the token to an inaccessible address and effectively remove it from circulation. This process is similar to a stock repurchase, where you can raise the price of tokens by reducing the supply for a particular level of demand. As Avalanche consumes all transaction fees on the network, the supply of tokens will decrease as more people use the platform.
Avalanche has burned about 1.2 million AVAX units worth $ 112 million. The supply of AVAX is limited to 720 million. This means that you cannot create new coins, which enhances the effectiveness of the burning mechanism. The network can also handle 4,500 transactions per second, which is much higher than the current market leader Ethereum, which has a TPS of 15. Avalanche is the 12th largest cryptocurrency with a market capitalization of $ 8.5 billion. However, due to its excellent technical specifications and deflationary design, there is still room for growth in assets.
The Multi-Chain Protocol – Polkadot (DOT)
Polkadot (DOT) is another major cryptocurrency with a market capitalization of $ 11 billion. Due to its unique approach to developing dApps, it may have room for further expansion. It has an impressive performance of the assets and is equipped with a thriving developer ecosystem. Polkadot has two types of blockchains: the main network (relay chain) and at least 100 parachains (sub blockchains) that can be used to build dApps.
This design allows developers to increase project privacy and control while benefiting from the security of the main network. In November 2021, Polkadot (DOT) launched an auction of parachain slots, and the platform now has an active ecosystem of projects from DeFi to NFT.
The Polkadot (DOT) relay chain has a transaction per second of approximately 167, which is about 10 times faster than Ethereum (ETH) but much slower than new blockchains such as Avalanche (AVAX). Its unique parachain design alleviates congestion by allowing each parachain to act as a separate blockchain to compensate for the lack of speed.
Last week marked the end of the brief bullish period, as nearly all cryptocurrencies faced a hefty price readjustment. With leaders like BTC and ETH down by more than 11% and 16% in the past 7 days respectively, most altcoins followed the same trend with even higher weekly losses. Consequently, the total cryptocurrency market capitalization slipped from $1.21 trillion back to $1.06 trillion, which is roughly the same as the total market valuation from four weeks ago.
3. Aave (AAVE)
Aave is an Ethereum-based decentralized lending and borrowing platform that started out under the name “ETHLend”, a project launched by Stani Kulechov in 2017. Aave supports almost 20 different tokens and has unique and sophisticated features such as flash loans that make it stand out from its competitors. While Aave initially launched on Ethereum, the protocol has expanded to the Fantom, Avalanche, Polygon, Optimism, Arbitrum, and Harmony networks over the last couple of years and is now available on 7 chains. AAVE token is the protocol’s native token, which grants holders governance rights as well as discounts when interacting with Aave protocol. While the protocol is completely open source, its code is regularly audited by third parties and has been repeatedly deemed secure. With the launch of its third iteration – “Aave v3” – the protocol established itself as the third largest DeFi protocol in terms of TVL. According to DeFi Llama, there are currently more than $6.45 billion locked in the Aave protocol.
Aave token holders asked to commit to Ethereum’s Proof-of-Stake consensus chain after the Merge
In light with Ethereum’s imminent transition to proof-of-stake (PoS) the Aave (AAVE) tokenholders have been asked to participate in an Aave Request for Comment (ARC) on August 18. The ARC in question calls for Aave users to ”commit” to Ethereum Mainnet running under the proof-of-stake consensus over any Ethereum fork running an alternative consensus as their primary network. Furthermore, after the Merge, the Aave DAO running on Ethereum PoS chain should be considered as the “canonical” governance system. A supporting vote will also give the Community Guardian the power to shut down Aave Deployments on any forks arising from the Ethereum Paris Hard Fork that are not the official PoS Mainnet. The DAO’s position will be determined via this governance vote, which will be launched soon. Nevertheless, Aave builders expect a clear and loud support for PoS consensus as they consider it virtually impossible to sustain a viable Aave Market on any Ethereum fork running on alternative (not PoS) consensus. Since Aave’s commitment to PoS would enable the platform’s continued growth, a positive governance vote on that matter could cause AAVE price to increase. At the same time Aave v3 reached its peak amount of borrows and repayments this month since its launch in March 2022, which exceeded $100 million daily for the first time. Nevertheless, Aave v2 still accounts for most of the protocol’s TVL. While it might take time for v3 to reach v2’s TVL, the novel version of Aave protocol is already surpassing the older counterpart in terms of usage.
2. EOS (EOS)
EOS is a blockchain platform that allows users to deploy smart contracts, run decentralized applications (DApps) and issue custom tokens. It launched its mainnet in June of 2018, following a record-breaking initial coin offering (ICO), in which more than $4 billion were raised for the chain’s development. While many other platforms such as Ethereum, TRON, etc., offer the same features, EOS aims to distinguish itself from the competition through its improved scalability and faster transaction speeds. The chain utilizes a delegated proof-of-stake (DPoS) consensus model and boasts with the capacity to perform over 3,000 transactions per second (TPS).
EOS price at two-month high following the announcement of a new incentive program
EOS was one of the rare coins to finish the week in the green. In fact, its 16% price increase in last 7 days was enough for EOS to claim the title of the best performing coin of last week from the top 100 cryptos. Currently EOS is trading at a two-month high price of over $1.50. But what is fueling this uptrend, while all other coins are headed south? Well, for starters, the EOS Network Foundation revealed and opened registrations for its Yield+ incentive program last Sunday, August 14. The program’s aim is to attract decentralized finance (DeFi) applications that generate returns for their users and boost activity and TVL of the EOS ecosystem. Since the announcement of Yield+ there has already been a noticeable increase in demand for EOS tokens, but the real spike is expected on August 28, when rewards to DeFi protocols that have attracted investors and increased EOS’s TVL will be activated.
🚀 The Yield+ Launch Is Imminent!
Designed to build economic activity on $EOS through incentivizing DeFi dApps that increase TVL and generate yield.
August 14th — Registration opens August 28th — Rewards for TVL begin
In addition, the EOS network will soon rebrand to EOSIO to further distance itself from Block.One, the company that originally designed the network. In addition, the EOS community is currently preparing for the v3.1 Mandel Consensus upgrade, which is currently scheduled for September 21. The upgrade, which will occur via a hard fork will feature a shift to Antelope as the underlying blockchain framework. Antelope is a community-run open framework for building next-generation Web3 products and services that utilizes DPoS, just as EOS does now. Lastly, given its packed roadmap for Q3 and Q4, EOS seems like a good coin to hold also in the mid to long-term. Among other things, the EOS developers plan to introduce new cryptography primitives and add an inter blockchain communication feature in Q4.
EOS roadmap for Q3 and Q4 2022. (Source: Yves Le Rose, CEO of ENF)
Ethereum (ETH)
Ethereum is an open source blockchain that pioneered smart contract functionality in 2015. The decentralized network operates in a fast, immutable, and trustless manner. Ether (ETH), which is currently the second-largest cryptocurrency by market capitalization, is Ethereum’s native asset. Although it can also be used as a medium for the transfer of value between different Ethereum addresses, it is more commonly used to execute various smart contracts. The Ethereum blockchain has enabled several blockchain-powered innovations, including ICOs, DeFi, NFTs, and DAOs. The Ethereum blockchain also hosts countless ERC20 tokens with different utilities – these include Exchange tokens (OKB, HT, UNI), DeFi tokens (LINK, MKR, COMP, SNX, etc.) and several stablecoins such as USDC, DAI, TUSD, and USDT. Ethereum is currently nearing the end of the process of transition from proof-of-work to a proof-of-stake blockchain. Once Ethereum 2.0 is fully launched, the network will be able to perform more transactions at a higher speed than today. Hopefully, this will also lower the network fees, which are a well-known Achilles’ heel of Ethereum ecosystem.
CME will roll-out Ethereum options trading just days before “The Merge” is set to take place
Leading our Top Coins to Watch list for the third time in the past five weeks is Ethereum – the network’s long anticipated grand finale of the transition from PoW to PoS slated for mid-September has been the biggest story in crypto for the past couple of months. The anticipation for “The Merge” keeps growing, with the price of ETH briefly surpassing $2,000 earlier this month. In addition, Ethereum has hit its 8-month high price in comparison to BTC in mid-August. Several analysts are citing clearer roadmap and a finally determined Merge date (currently estimated to execute on September 15th) as one of the key reasons why ETH is outperforming BTC lately. In addition, the CME Group, one of the largest derivatives providers in the world, recently announced it plans to launch Ethereum options trading. If the new financial product successfully passes the regulatory review, the options trading will commence on September 12, just a few day before The Merge. The ETH options launch comes after CME introduced micro-sized ETH options in March this year and ETH futures in December 2021. Despite all the development around it, Ethereum is currently in a short-term bearish trend as it fell from $2,000 to $1,640 in one week. Technical analysis shows that ETH would have to reclaim $2,000 for the bull run to regain momentum, while it will enter an even deeper bear market if it drops beneath the 50-day SMA line, that currently lies at the price of around $1,500 per coin.
Lake Geneva, Wisconsin, 21st August, 2022, Chainwire
Cryft, a BNB Chain project that’s part of the SafeMoon ecosystem, has launched its own gift cards. Cryft Cards enable anyone to give crypto in the form of a virtual card, providing an opportunity to “gift the moon” to friends, family and loved ones.
Cryft’s creation of crypto gift cards is part of its team’s efforts to make digital assets more accessible to beginners, many of whom are unsure where to start. Cryft Cards can be acquired in stores and online, providing a convenient way of purchasing cryptocurrency with no complex onboarding. Each card contains a unique code that can be redeemed to claim the cryptocurrency assigned to it. After entering the code into the Cryft website at www.cryftcards.com, CRYFT tokens are instantly credited to the holder’s account.
Based out of Utah, Cryft LLC, the company behind the CRYFT token, comprises an experienced crew of blockchain pioneers. CEO and founder Chad Scully has a successful background in managing, manufacturing, and developing. His family’s company operates in industries ranging from professional entertainment to contractor supply to consumer accessories.
Each of the seven team members has a specific role within Cryft LLC. Don Bailey handles all of the marketing, Leet oversees blockchain security, Stefanie manages social media and is responsible for content creation, Garrett advises on finances, Josh is Project Manager, and Branden is Chief Communications Officer.
In early July, the CRYFT token launched on SafeMoon Swap on BNB Chain. Since then the token has seen steady adoption and grown to a market cap of over $2 million. The Cryft v2 token contract imposes a 10% buy and sell tax, incentivizing long-term holding, and building a community around the simple yet appealing concept. The launch of Cryft Cards is expected to generate further interest in the CRYFT token and its growing ecosystem of products.
About Cryft
Cryft is a cryptocurrency and blockchain ecosystem that’s available on BNB Chain. Tradable on SafeMoon Swap, the CRYFT token forms a fun entry point to crypto with a welcoming community and consistent growth. Cryft Cards, the project’s latest product, enable anyone to gift cryptocurrency to an acquaintance in the form of a virtual card that can be redeemed at any time.
The rise of cryptocurrencies has also increased the number of assets investors evaluate in this area. In particular, investors who grew their portfolios with altcoins began to target high profitability in the long term. It can also be seen that investors are starting to show interest in newly developed projects such as Dogeliens (DOGET) in the markets that are moving in a positive direction.
All Included with Dogeliens (DOGET)
By creating a comprehensive ecosystem, Dogeliens (DOGET) aims to provide profitability to both its investors and the players who will be included in the ecosystem. Dogeliens (DOGET), which emerged as a game project, allows earning income through play to earn mechanics.
There is also an NFT market in the ecosystem. This marketplace allows investors to mint and sell in-game items as NFTs. Users can edit their profiles in the project with the items they will buy from here.
Dogeliens (DOGET) also offers an educational program for investors new to blockchain. This program is planned to provide cryptocurrency education with visual and written resources. Thus, it will reach a broader investor base and ensure stable growth. As a result, investors see Dogeliens (DOGET) as a success.
Decentraland (MANA) Is the Biggest Metaverse Coin
Decentraland (MANA) is a cryptocurrency that focuses on the virtual world. It is one of the first projects to emerge from the Ethereum blockchain, and its purpose is to provide a decentralized virtual reality platform. The Decentraland (MANA) metaverse is a 3D world where users can buy, build, and explore. The main features of Decentraland are its virtual land parcels, in-game economy, and avatar system. The Decentraland team has been working hard to push the project forward and has made significant progress since its inception. However, the recent crypto crash has jeopardized the project’s future. On the other hand, it is expected that they will recover soon. Only time will tell if Decentraland (MANA) can recover from this setback and continue to grow.
Still Resilient Despite Crypto Winter: Axie Infinity (AXS)
Axie Infinity (AXS) project, which hosts a highly entertaining game, provides upgrades by combining parts in the game. These parts can be sold on the platform’s marketplace to generate income. Unique characters can be made with the components purchased separately, and they can be put on the market for sale in the desired amount.
Axie Infinity (AXS), which has attracted great interest from crypto money investors with its income model, technical infrastructure, and amount of supply, is currently trading at a very low value in the market. However, it is evident from the previous earnings rate that the AXS token is one of the suitable projects that can be evaluated for long-term cryptocurrency investments. AXS token, ranked 44th in the market ranking, has a value of 150 million dollars in terms of the 24-hour trading volume. Despite the crypto winter cycle in the market, the market value of more than $ 1 billion shows that the project is in a perfect position considering the release date. Currently, the project, which finds buyers above the level of 14 dollars, manages to be one of the projects that give the fastest upward response to the increases in Bitcoin price.
The rise of cryptocurrencies has also increased the number of assets investors can target for high profitability. These three gaming coin projects are prime examples of coins investors target for their potential returns. So if you want to invest in a project with high profitability, these three coins should be on your radar.
