Autor: admin

• Equinoz’s artwork „Cybernetics“ was sold out in 4 minutes on playNomm NFT marketplace.
• The buyout price achieved an all-time high of US$16,000.
• This artwork is a pre-drop event of the upcoming NFT Korea Festival in March.

Equinoz’s ‚Cybernetics‘ Sold Out In 4 Minutes On PlayNomm

On January 31st, Equinoz’s ‚Cybernetics‘ was put up for auction on playNom, an NFT marketplace. Just 4 minutes into the auction, this artwork was bought out by a collector for 40,120 LM, equivalent to US$ 16,937 and ending the auction early.

About Equinoz

Equinoz is a 3D artist who creates delicate and intertwined images between virtual and reality under the theme of “Visible Future”. He is an active artist selling his artworks on many other NFT platforms such as Open Sea and Super Rare. He also works in various fields such as games, commercial videos, music and clothing brands.

Pre-Drop Event Of NFT Korea Festival

As a pre-event of the upcoming NFT Korea Festival in March 2021 at DDP Seoul, three NFT auctions were held on playNomm with the first two being Shavonne Wong’s ‚Light in the Shadow‘ (sold for 65,800LM) and Equinoz’s ‚Cybernetics‘. Expectations are now growing for the 3rd auction starting February 16th with Davey Perkins‘ artwork.

Events At The Festival

The festival will be one of the largest gathering of NFT industry and Web 3.0 leaders in Asia with over 120 pieces of NFT artwork from 120 Global & Korean artists on display; alongside renowned Web 3.0 leaders sharing their thoughts & views; and many more exciting events to look forward too.

About playNomm

playNomm is the first service platform of LeisureMetaverse project which provides users with access to unique experiences via blockchain technology & digital assets that have real world value attached to them (e.g games).

• The cryptocurrency market started 2023 with positive momentum. Bitcoin, Doge, Ripple, and Ethereum have moved in a direct correlation so far.
• However, Ethereum has lagged behind the other three currencies and is currently down -57.85% since January 2022.
• If one believes that the US dollar’s weakness continues, then it might be appropriate to bet on Ethereum’s rally more than Bitcoin, Doge, or Ripple.

Cryptocurrency Market Positive Momentum

The cryptocurrency market started 2023 with positive momentum. All leading cryptocurrencies gained against the US dollar, and the so-called „crypto winter“ from 2022 vanished. Bitcoin is clearly the leader as it bounced strongly from the lows after losing about -65% of its value in 2022.

Ethereum Lagging Behind Other Cryptocurrencies

The correlation between Bitcoin and the rest of the cryptocurrency market is well known but something interesting has happened since 2021: Ethereum lags behind other cryptocurrencies. Despite following Bitcoin’s lead in rallying this year, it has not recovered as much as others (down -57.85%) since January 2022.

Betting on Ethereum Over Others?

If one believes that the US dollar’s weakness continues into 2023, then there may be an opportunity to bet on Ethereum’s rally more than Bitcoin, Doge, or Ripple due to its larger potential for recovery compared to these established coins/tokens. This will become clearer after Wednesday when the Federal Reserve of the United States announces its interest rate decision for this year and holds a press conference afterwards which will cause USD volatility to reach extreme levels.

Interesting Correlation Weakening

The correlation between leading cryptocurrencies is weakening which could indicate further opportunities for investments in altcoins over simply following BTC/USD movements across all markets as was previously assumed in previous years/months/weeks etc..

Conclusion

The cryptocurrency market started 2021 with positive momentum which led all leading coins gaining against USD including ETH although it did lag behind others slightly; however if one believes USD’s weakness will continue then betting on ETH’s rally may be a good investment option due to its large potential for recovery compared to established coins like BTC & DOGE etc.. The correlation between all major cryptos is weakening too meaning more opportunities when investing in altcoins instead of just tracking BTC’s movements across markets..

• In 2022, the cryptocurrency market suffered a major crash which caused many altcoins to lose up to 90% of their value.
• The crash was partially caused by the FTX collapse, which resulted from treasury mismanagement and the embezzlement of user funds.
• Metacade (MCADE) is a new cryptocurrency project that could provide investors with the opportunity to recover from the crash and benefit from the ongoing Web3 growth.

The cryptocurrency market underwent a heavy crash in 2022, resulting in a major setback for investors who had been hopeful of a profitable year. Bitcoin (BTC) was one of the worst affected, with its value dropping by more than 75% from its all-time high. Many altcoins, such as Axie Infinity (AXS), Shiba Inu (SHIB), and Avalanche (AVAX) experienced an even more dramatic fall of up to 90% from their all-time highs in 2021.

The crash was largely attributed to the collapse of FTX, the second-biggest centralized exchange (CEX) at the time. FTX’s insolvency was caused by treasury mismanagement from Sam Bankman-Fried (SBF) and the embezzlement of user funds through Alameda Research, which was a hedge fund under SBF’s control. Upon FTX and Alameda’s failure, the entire market was sent into a tailspin, with prices dropping even further.

In spite of the FTX fiasco and the subsequent crash, Web3 continues to grow. Brand-new projects such as Metacade (MCADE) promise to provide investors with the opportunity to recover from their losses and benefit from the ongoing Web3 growth. MCADE is a blockchain-based gaming platform that allows users to play, earn, build, and connect in a secure and transparent environment.

Not only does MCADE offer a higher level of security than its competitors, but it also provides users with the opportunity to generate income by creating and sharing content. Through its decentralized game network, players can connect with developers, streamers, and other gamers from all over the world. Furthermore, MCADE has just announced its presale, which will enable investors to take part in the project and benefit from its potential success.

Overall, Metacade is a promising new project that could help investors recoup their losses from the great cryptocurrency crash of 2022. Its decentralized gaming platform offers a secure and transparent environment for users to play, earn, build, and connect. With its ongoing presale, investors have the opportunity to get involved in the project and benefit from its long-term success.

• Ethereum’s put/call ratio has edged upwards slightly in the past few days.
• Ethereum pulled back to $1,500 on Thursday due to the increasing put/call ratio.
• Data by CoinGlass shows that the number of short liquidations in key exchanges rose to the highest point in the past two days.

The past few days have seen a change in Ethereum’s put/call ratio on Deribit, with the ratio edging upwards slightly. This has caused the cryptocurrency to pull back to $1,500 on Thursday, after reaching its highest point this year. The increase in the put/call ratio has been attributed to weak corporate earnings from the United States, which has caused investors to become more bearish on the asset.

The put/call ratio is an important tool that traders and investors use to predict whether an asset will rise or fall. A lower ratio is preferred since it means that there are more buyers in the market. data compiled by The Block shows that Ethereum’s put/call ratio has risen from 0.24 on January 4 to a high of 0.3, indicating a bearish sentiment in the market.

Data by CoinGlass shows that the number of short liquidations in key exchanges have also risen in the past two days. This is a sign that traders are becoming more bearish on the asset and are betting against it. This could explain why the asset has pulled back from its highest point this year.

Despite the bearish sentiment, Ethereum has still managed to outperform other assets, with the cryptocurrency up over 50% since the start of 2021. The cryptocurrency has also seen a surge in usage, with the number of daily transactions reaching a high of 1.4 million. This indicates that there is still strong demand for the asset, despite the bearish sentiment in the market.

Overall, the bearish sentiment in the market, as evidenced by the increasing put/call ratio, has caused Ethereum to pull back from its highs. However, the strong demand for the asset suggests that the cryptocurrency could still rebound in the near future.

• Polkadot’s XCM v3 has been merged after 15 months of development.
• XCM works across chains, smart contracts, and non-fungible tokens (NFTs).
• It also supports communication between networks with different consensus mechanisms, such as between Bitcoin and Polkadot.

Polkadot, the scalable heterogeneous blockchain ecosystem, has just released its new feature: the interoperability blockchain’s „cross-consensus message“ format (XCM) version 3. After fifteen months of development, Polkadot founder Gavin Wood announced the merge of XCM v3 on Tuesday, 17 January 2023.

XCM was designed to provide instructions on how to compose, send, and interpret messages across different chains. The destination chain is the one that executes the instructions, with support for different consensus mechanisms such as Bitcoin and Polkadot. XCM can be used to facilitate communication between networks, smart contracts, and non-fungible tokens (NFTs).

The development of XCM v3 has been a long-term project for Polkadot, and it will enable bridges, cross-chain locking, exchanges, NFTs, conditionals, context-tracking and more. This will help to further expand the capabilities of the blockchain and make it more accessible to developers and users.

The merge of XCM v3 is a major milestone for Polkadot, as it will allow for a more efficient and secure way to communicate between networks. It will also give developers the tools to create more powerful applications and services on the platform. The potential applications for XCM are limitless, and it is likely that we will see more innovative uses for the technology in the future.

The merge of XCM v3 is a testament to the team’s dedication and hard work over the past 15 months. With this merge, Polkadot is well on its way to becoming a global blockchain platform with the capability to power a wide range of applications and services.

• AGIX price has risen over 200% from its lowest point in 2022
• SingularityNET is a blockchain project built on top of Cardano’s blockchain
• Singularity’s ecosystem has been growing and includes projects in DeFi, gaming, arts, and enterprise AI

SingularityNET’s token has been on a meteoric rise in the past six days, reaching its highest point since October 14. AGIX price has jumped by more than 204% from its lowest level in 2022 and is now trading at $0.10. This surge in price has seen the coin’s market cap soar to more than $115 million.

SingularityNET is a blockchain project that seeks to incorporate concepts on artificial general intelligence (AGI) that is not dependent on any central entity. It is built on top of Cardano’s blockchain and has some notable partners such as Ocean Protocol, Cisco, and Binance Connect. Its ecosystem includes projects in industries like DeFi, gaming, arts, and enterprise AI.

In 2022, SingularityNET made some major accomplishments. It trained AI models and initiated decentralized blockchain services, as well as launched a suite of AI applications such as SingularityDAO, Nunet, Rejuve, Sophia Verse, Awakening Health, and Jam Galaxy. SingularityDAO is a decentralised portfolio management protocol designed to enable anyone to safely and easily manage their crypto assets. Nunet, on the other hand, builds infrastructure providing distributed computing and storage for decentralised networks.

The surge in AGIX price has been fueled by the growing demand for SingularityNET’s AI applications. The project has been able to capture attention with its decentralized blockchain services and suite of AI applications. As the demand for these services continues to rise, it is likely that the price of AGIX will remain resilient in the near future.

• Indonesia is planning to launch a national cryptocurrency exchange in 2023.
• The government will transfer regulatory powers over such assets to the Financial Services Authority soon.
• The country’s central bank is also working on launching its digital currency (CBDC).

Indonesia is taking a major step forward into the world of cryptocurrency by planning to launch a national cryptocurrency exchange in 2023. The exchange will be regulated by the Financial Services Authority (FSA), which will be given regulatory power over such assets over the next two years. This is part of a broader financial sector reform taking place in the country.

The country’s apex bank, Bank Indonesia, has already issued a white paper discussing the potential of digital currency in the country. It stated that the use of digital currencies would be beneficial for the country, as it would help reduce transaction costs, improve financial inclusion, and promote financial stability.

The government is also working on launching its own digital currency, known as a Central Bank Digital Currency (CBDC). This would be a digital version of the country’s national currency, the rupiah, and would be used for interbank transfers, payments, and trading.

The move is part of a larger effort by the Indonesian government to promote financial inclusion and access to digital financial services. The government has already announced plans to develop a national payment system and a digital identity system, both of which would be powered by the CBDC.

The launch of the cryptocurrency exchange is seen as a major step forward for the country, as it will be the first of its kind in Indonesia. It will also provide much-needed liquidity for the market, which is currently quite limited.

The move has been welcomed by many in the cryptocurrency industry, as it will provide a much-needed boost to the market. It will also provide a platform for people to invest in digital currencies, which could potentially open up new opportunities for entrepreneurs and businesses in the country.

Overall, the launch of the cryptocurrency exchange is a major step forward for the Indonesian government in terms of its commitment to promote financial inclusion and access to digital financial services. The move will undoubtedly benefit the country in the long run and could potentially open up new opportunities in the digital economy.

• Near Protocol price jumped on Wednesday in sync with other Sam coins like Solana and Serum.
• Sam Coins refer to Sam Bankman-Fried, the founder of FTX and Alameda Research, who received crypto tokens in exchange for fiat currencies.
• Near Protocol’s DeFi ecosystem has lost billions of dollars, but the coin has rallied by more than 14% from its lowest level in 2022.

Near Protocol, one of the few cryptocurrencies known as Sam Coins, experienced a strong surge in price on Wednesday. This was in line with other Sam Coins like Solana and Serum, which also saw a recovery from their recent losses. Sam Coins refer to tokens that were invested in by Sam Bankman-Fried, the founder of FTX and Alameda Research. At its peak, FTX was valued at over $32 billion, making it the second-biggest exchange in the world after Binance.

Bankman-Fried was often granted crypto tokens in exchange for fiat currencies as part of his investments. However, with his empire now dead and his legal woes increasing, most investors have decided to exit from Sam Coins. Near Protocol has been one of the worst affected, with its DeFi ecosystem losing billions of dollars and its total value locked (TVL) falling to $98 million.

Despite this, Near Protocol has still managed to stage a slow recovery over the past few days, with the coin reaching a high of $1.428 – its highest level since December 16. This marks a 14% gain from its lowest levels in 2022. Meanwhile, other Sam Coins like Solana have not been so fortunate, with its DeFi ecosystem having lost billions of dollars and its TVL standing at $350 million.

It remains to be seen if Near Protocol’s recent gains will hold, or if it will succumb to the same pressures that have affected other Sam Coins. With Bankman-Fried’s legal battles ongoing, investors will be keeping a close eye on Near Protocol’s performance in the days and weeks to come.

Binance Smart Chain continues its streak of unstoppable growth. It doesn’t matter if it’s token swaps NFTs or decentralized markets, BSC supports more than one method to generate substantial returns in addition to making the world more thrilling.

Its Binance Smart Chain is an original new blockchain, with a specialized environment that is able to support high-performance and decentralized applications. Its cross-chain support BSC is among its most notable features. Additionally, it lets users to enjoy the benefits that come with the Binance Chain along with the Binance Smart Chain. A Low-Cost Trading Tool According to the Bitcoin Motion website, there are no trading fees involved in the program.

However, unlike Binance Chain, BSC functions in parallel and is able to support smart contracts that are compatible along with EVM (Ethereum Virtual Machine). Additionally, BSC is highly flexible and scalable, allowing users to make use of coins from multiple chains.

Types of Binance Smart Chain Coins

It is important to recognize the BeP-20 tokens and BEP-721 represent two distinct kinds of tokens they Binance Smart Chain supports. In contrast to BEP-20’s fungible tokens BEP-721 refers specifically to NFTs that are part of Binance’s network. This is why the main focus in this post will focus on the BEP-20 coins in terms of the market capitalization, their popularity, and the future of.

Let’s look over the most popular 7 Binance Smart Chain coins that you must keep an eye on through 2022:

1. Binance Coin

BNB token, also known as Binance Coin is in existence since the year. At first, Binance Coin was issued to help support ERC-20 and was based on the renowned Ethereum network. When it was first announced for launch, the quantity for the BNB coin was around 200 million and the company was offered for sale at 100 million in an initial token offering. One of the major benefits that comes with BNB token is that it can be used to pay for BNB token’s ability to charge a fee for part of token sales, or for the official Binance exchange.

Furthermore, BNB can be used in conjunction with it with the Binance Decentralized exchange.BSC has been designed to provide the compatibility of cross-chains and to help users get the most benefit from this Binance Chain. It also allows smart contract compatibility and features by using the Ethereum Virtual Machine.

Each period, Binance utilizes a fifth of their earnings to purchase the back of and then burn Binance coins into the Treasury. In a relatively short period of time that has passed, Binance’s BNB token has been able to be able to cover a broad variety of uses. As an example, for instance, users could make use of BNB tokens to pay for BNB token as a payment transaction fees and financial services online as well as entertainment and travel reservations.

2. PancakeSwap

It is located in the PancakeSwap or CAKE is a reference on the BEP20 token. PancakeSwap was first introduced on BSC and let users trade a variety of currencies and tickets. In the core, CAKE provides liquidity for the PancakeSwap platform. CAKE will allow users to put their tokens on the line and receive significant benefits. Token holders have to deposit LP tokens before locking them in.

In the case of purchasing the tokens Pancake Swap retains the custody. PancakeSwap token operates in the same way as an automatized market maker. One of the most interesting aspects regarding PancakeSwap is that PancakeSwap pass is the ability to earn CAKE which is the native currency. PancakeSwap allows customers to place their coins in various Syrup pools that offer significant rewards to those who use it.

3. DYP.Finance

In the early days of November the market capitalization of DYP is $13.78 million and the price in USD of $0.7196. DYP may not have been able to maintain an even ranking, but the most expensive price ever recorded is currently $4.90.

DYP.Finance lets users maximize the yield of their farming. DeFi Yield Protocol reduces the impact of a huge number of users. The protocol has an anti-manipulation function that reduces the impact of converting tips into native platforms. The anti-manipulation function ensures security and stability as well as a clear access to liquidity. It also helps simplify and secure access to the platform by all its users.

In essence, DYP (DeFi Yield Protocol) is an innovative platform that offers yield farming and staking options. Users can also benefit from the most modern and sophisticated DYP trade tools. The most notable feature for DYP is its dashboard that is decentralized. It is loaded with sophisticated features such as Community Trust Vote System, Decentralized Score, LunachPad, and DYP Locker. The aim is to help investors make informed choices, reduce risks and increase yields. Recently the DYP team has also introduced V2 Buyback, Staking, as well as farming Pools via the Binance Smart Chain to strengthen their market position.

4. GALA (GALA)

GALA is the name of the virtual asset on Gala Games. GALA is the digital asset of Gala Games platform which allows users to make payments that reward nodes. Users require an authorization to run a specific software program from their personal computer. They can also receive the rewards using GALA tokens. Additionally they can also earn NFTs. In 2021 the price of GALA token was set to increase. GALA token has experienced an unbroken upward trajectory and experts believe that the price will increase further until 2022.

5. Ankr (ANKR)

ANKR is the main native utility and governance token in the ANKR ecosystem. At present there is more than 10 billion tokens, including 7 billion tokens currently in circulation. Additionally ANKR token ANKR token can be used as an ERC-20 token which holders can keep and trade using DEX as well as Ethereum wallets. In a short moment, ANKR token is able to receive constant recognition and appreciation from several central exchanges.

In reality, after every CEX listing and listing, the value of ANKR has increased. The ANKR token is based in conjunction with the ANKR platform, which is a multi-faceted system that integrates many protocols to facilitate blockchain-based adoption. It is interesting to note that ANKR is designed to serve developers, users, as well as enterprises. Alongside Binance Smart Chain ANKR users can use many more blockchains, including Ethereum, Polkadot, and other blockchains.

6. Coin98 (C98)

Coin98 allows users to use services across twenty blockchains. In the present, Coin98 has up to 284,000 customers who have generated $216 million in transactions through 488,000. Additionally, because Coin98 has various blockchains available, users have the ability to obtain the best price for swapping tokens.

It also comes with an optimized gas price and lets users discover different routes to make transactions. C98 coin can be used with blockchains such as Ethereum or Binance Smart. It is possible to use C98 to earn rewards for staking as well as earn a transaction cost and enjoy discounts for membership on a wide range of services and products.

Coin98 also permits users to control the governing protocols and make suggestions for coin98’s ecosystem. Coin98 might not have as many fans like other BSC-compatible coins however, the overall supply illustrates a different picture and suggests its potential growth potential.

7. Trust Wallet Token (TWT)

It is known as TWT (Trust The Wallet Token) is a BEP-20-backed asset that enables new contract crypto projects that are innovative and runs with the Binance Smart Chain. Additionally, since the BSC has lower gas costs in comparison to other blockchain-related projects, TWT provides a fast response time and token-based bonuses on BSC.

Shortly, TWT offers added value for users using Trust Wallet. It can be used as a service-based payment or exchange it for an alternative crypto asset. In addition, as a Governance token, TWT can be used in a variety of applications and allows users to enjoy many benefits of token-related features. For instance, holders of TWT are able to participate of the use of any Trust Wallet with governance protocol.

Final Thoughts

It’s a shame that the Binance Smart Chain couldn’t be ideal for those who require a low-cost, high-speed platform. In the year 2020, BSC broke the record of the number of active users using the wallet. By 2021, the amount of transactions total on BSC will exceed $1.5 billion.

Even though Ethereum is the most well-known blockchain technology for smart contracts however, it is becoming more overwhelmed. If the slow processing and the high cost of Ethereum continue to follow the same pattern this will open the way for the adoption of an affordable chain such as BSC.