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At present, your DeFi product needs to be multichain to be competitive — this is the hard (and exciting) truth of 2021. Whether you’re building a wallet, a lending service or a DeFi game, your target audience knows that there is more to the crypto space than Ethereum. And they expect you to provide the best of all worlds.
It seems there will always be a debate about which blockchain makes for the best foundation for projects. Enhanced security, low transaction costs and formidable speed — there will always be a chain that offers bigger advantages. As the speculators argue over the next potential “Ethereum killer,” a new multichain reality is forming that has a less stark competitive implication. Instead of a dog-eat-dog framework, the future of blockchain and DeFi will favor those products that mesh into a cooperative multichain user solution and eventually forget those that stay isolated.
Cardano’s (ADA) price has plummeted 40%.
Many think this is an end-game for Cardano.
Solana has now flipped Cardano in the top 10 cryptos.
Crypto price action sentiments are not yet on a flat tire. This time, one of the major Ethereum-based rivals, Cardano (ADA) seems to be facing a hard time in its price performance. In that sense, does this represent the end-game for Cardano or there is more hope for it in the coming days?
According to a report, Cardano’s native token ADA, has its price dropped by over 40% in the market. The drastic price drop commenced from Cardano’s all-time high (ATH) when it was nearly changing hands for good in terms of price action.
Beginning of its rally of late, several other cryptos have taken ADA’s downtrend as a huge advantage to perform strongly, more and more. Particularly, Solana (SOL) garnered huge momentum and has presently flipped Cardano within the space of the top ten cryptos.
Technically, like how people thought that the launch of Cardano’s much-anticipated smart contract will bring something better, eventually, it seems that it’s just toying around. Many attribute ADA’s underpriced action to some of its pieces of infrastructure that got delayed during the launch. With this, lots of developers can’t release their DApps built on the Cardano blockchain for now.
Meanwhile, on-chain projects such as Solana, Algorand, Elrond are already having DApp support on their network. That said, despite anything that will happen, there is more hope for Cardano to regain its full strength than ever before.
Much has been said recently about Facebook’s decision to rebrand to Meta, with both arguments for and against but what is without question is the overwhelming effect it has had on the metaverse crypto currency market.
Over the past couple of weeks, we have seen metaverse cryptocurrencies rally and this looks set to only be the start of this sector’s growth during the rest of 2021 and into 2022. Much of this growth has been the realization of the virtual world becoming more and more attractive for millions of people around the world because of the endless amount of possibilities on offer for users.
Axie Infinity (AXS)
AXS/USD daily price chart. Source: TradingView
Axie Infinity, a blockchain based trading and battle online digital play-to-earn game, saw its market cap reach up to $8.4 billion before correcting to just over $8 billion.
Axie Infinity’s native cryptocurrency token (AXS) rallied off the back of the increased metaverse “fomo” with gains of over 20% to reach a price of $150 dollars before correcting to just over $130 dollars.
With Axie being the market leader in the metaverse gaming sector, seeing these types of gains speaks volumes to the newer, lower cap blockchain based gaming projects as they seek to make a name for themselves throughout the rapidly increasing adoption of play-to-earn games.
JEDSTAR (JED)
A gubernatorial candidate from Venezuela has promised to offer scholarships for citizens interested to join the Technical Training Center for Mining and Administration of Digital Crypto Assets.
José Alejandro Terán, the aspiring governor who represents the country’s ruling party, started the initiative as a part of the La Guaira Digital program, which aims to fast-track growth and induce economic stability in the country.
soAliens are extraterrestrial but have been living on Earth for quite some time, hence their adoption of human culture and lifestyles, and this has resulted in some of the coolest and rarest NFTs out there.
10,000 unique soAliens are slated to be minted on the 24th of November at 12 p.m. UTC, for an estimated price of 0.33 SOL.
There are four team members in total working on soAlien: Roro, Fresh Prince, Mister T, and Bebop. One artist, and three others whose focuses range across tech, community management, marketing, and strategy. Part of the team’s vision is to involve each owner of soAlien NFTs in becoming part of the project’s decision-making process via a democratic system.
Mister T, in a DailyCoin exclusive, spoke in detail about the project and soAliens’ future goals:
“We believe soAliens fit well into the Metaverse; somewhat real, somewhat fiction. In addition, the complexity of conspiracy theories and real information about aliens helps to build a continuing story, technical features and, of course, to engage the community.”
soAlien Is a Chapter-based Project
New York-based crypto-mining service provider Foundry USA takes the lead to become the world’s second-largest Bitcoin (BTC) mining pool after taking up a 15.42% share of the network.
Data from BTC.com shows that Digital Currency Group-owned Foundry USA stands behind the pool leader AntPool by a hash rate of just 4,000 PH/s, which contributed to a 17.76% network share at the time of writing.
Binance CEO Changpeng Zhao, also known as “CZ,” revealed that the United States branch of worldwide crypto exchange Binance.US is expected to complete a funding round to raise a “couple hundred million.”
Speaking at the Bloomberg New Economy Forum, CZ claimed that he was unaware of the precise amount. However, the official confirmation of the financing round may come in “about a month or two.”
At this point in time, most internet users are familiar with influencer marketing to some extent. Influencer marketing takes place when a content creator of any niche promotes products and services to their audience in exchange for monetary or non-monetary compensation, or to support the company out of goodwill.
Since the emergence of social media in the 2010s, influencer marketing has become an industry worth billions of dollars and has also become one of the most effective ways to market to the public. This is because influencers are so diverse, touching every possible niche, and also maintain very trusted relationships with their followers.
The world of cryptocurrency and blockchain is not exempt from this as even within this space, there are content creators who have been able to amass large followings of people who trust their word and recommendation. If you are an entrepreneur planning to launch a product or service into the often saturated and competitive crypto or NFT market, then influencer marketing should definitely be a part of your overall crypto & NFT marketing strategy. But when approaching marketing, and influencer marketing specifically, should you employ the services of an agency or should you go about it yourself?
Centcex exchange will be offering better security.
Centcex exchange will offer a better user experience.
here will be more products on the Centcex ecosystem than Safemoon.
Centcex, a blockchain-based project that is creating a decentralized economy, has received thousands of Safemoon community members over the last few days. This is after the platform launched and recorded a skyrocketing growth of 3000% on the launch day. It’s a record-breaking growth that is catching the attention of Safemoon and other cryptocurrency investors.
Centcex is a project that is building a decentralized economy that provides users an ultra-secure trading environment and a better users experience than what current decentralized platforms are offering. The team is building a platform that will address shortcomings in the currently decentralized systems, with security and scalability being the major ones.
The crypto project has also developed an innovative reward system that is attracting crypto investors, including Safemoon community members. The huge number of products on the Centcex ecosystem and the widely anticipated staking process are among the project aspects attracting thousands of Safemoon and other investors.
Centcex is building one of the most powerful cryptocurrency exchanges in the market. The Centcex Exchange is a game-changer due to astounding security, speed and privacy, features making it superior to other exchanges.
On the security issue, Centcex exchange is using a Proof-of-Stake (PoS) protocol, which provides better security. The PoS consensus method uses validators who are responsible for creating new blocks on the blockchain and verifying all transactions on the exchange. It will be impossible for a small group or one person to complete a transaction that compromises exchange security. That’s how this exchange will become more secure.
In her monthly Expert Take column, Selva Ozelli, an international tax attorney and CPA, covers the intersection between emerging technologies and sustainability, and provides the latest developments around taxes, AML/CFT regulations and legal issues affecting crypto and blockchain.
The 2021 United Nations Climate Change Conference (COP26), where I exhibited my art, took place in Glasgow, Scotland and ended with the adoption of the Glasgow Climate Pact, bringing nearly 200 countries closer to keeping global temperature rise by 2100 under 1.5 degrees Celsius.
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