Altcoins
Layer-1 Blockchain Network Passes Decentraland To Become Crypto’s Top Gaming Project for Development: Santiment
Published
3 weeks agoon
By
admin![](https://blocknewsmedia.com/wp-content/uploads/2024/06/layer-passes-to-become.jpg)
A layer-1 blockchain passed the Ethereum (ETH)-based virtual reality platform Decentraland (MANA) to become the top crypto gaming project in terms of development activity, according to the analytics platform Santiment.
Santiment notes that MultiversX (EGLD), formerly known as Elrond, registered 236.93 notable GitHub events, compared to 150.4 events for Decentraland.
The non-fungible token (NFT) layer-2 scaling solution Immutable X (IMX) ranked third with 77.4 GitHub events, and the Ethereum sidechain Skale Network (SKL) clocked in at fourth with 42.6.
Santiment notes that it doesn’t count routine updates and uses a “better methodology” to collect data for GitHub events based on a “backtested process.”
The analytics firm has previously said that heavy development activity centered around a crypto project is a positive indication that could mean that the developers believe the protocol will be successful. It also indicates that the project is less likely to be an exit scam.
MultiversX is a distributed, proof-of-stake blockchain network that is decentralized via more than 3,000 nodes. The project aims to help developers build next-gen applications.
The project’s native token, EGLD, is trading at $35.98. The 103rd-ranked crypto asset by market cap is down more than 7.5% in the past 24 hours and more than 10% in the past month.
Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Follow us on X, Facebook and Telegram
Surf The Daily Hodl Mix
 
![](https://dailyhodl.com/wp-content/uploads/2018/06/Get-Alerts-728x90.png)
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated Image: Midjourney
Source link
You may like
Book of Meme sees gains as Pepe Unchained ICO raises $1 million
Coinbase Won’t Support Upcoming AI Token Merger Between Fetch.ai, Ocean Protocol and SingularityNET
BTC Back To $60K Amid ETF Outflows, Top Cryptos Prices Fall
21Shares files spot Solana ETF with SEC
Google Releases Supercharged Version of Flagship AI Model Gemini
Coinbase, MicroStrategy, and Crypto Stocks Record Weekly Upswing
AGIX
Coinbase Won’t Support Upcoming AI Token Merger Between Fetch.ai, Ocean Protocol and SingularityNET
Published
46 mins agoon
June 29, 2024By
admin![](https://blocknewsmedia.com/wp-content/uploads/2024/06/coinbase-wont-support-fetch.jpg)
Top US exchange Coinbase is not going to facilitate the planned merger of multiple artificial intelligence altcoin projects into a single new crypto.
In an announcement via the social media platform X, Coinbase says that customers will have to initiate the merger on their own.
“Ocean (OCEAN) and Fetch.ai (FET) have announced a merger to form the Artificial Superintelligence Alliance (ASI). Coinbase will not execute the migration of these assets on behalf of users.”
In March, Fetch.ai (FET), Singularitynet (AGIX) and Ocean Protocol (OCEAN) announced a plan to merge with an aim to create the largest independent player in artificial intelligence (AI) research and development, which they are calling the Artificial Superintelligence Alliance (ASI).
The merger is happening in phases, beginning July 1st, according to a recent project update.
“Starting July 1, the token merger will temporarily consolidate SingularityNET’s AGIX and Ocean Protocol’s OCEAN tokens into Fetch.ai’s FET, before transitioning to the ASI ticker symbol at a later date. This update enables an efficient execution of the token merger, and outlines the timelines and crucial steps for token holders, ensuring a smooth and transparent process.”
Coinbase says users can effect the merger on their own using their wallets.
“Once the migration has launched, users will be able to migrate their OCEAN and FET to ASI using a self-custodial wallet, such as Coinbase Wallet. The ASI token merger will be compatible with all major software wallets.”
Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Follow us on X, Facebook and Telegram
Surf The Daily Hodl Mix
 
![](https://dailyhodl.com/wp-content/uploads/2018/06/Get-Alerts-728x90.png)
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated Image: Midjourney
Source link
Altcoins
Lekker Capital CIO Spotlights Prime Opportunity
Published
2 days agoon
June 27, 2024By
admin![](https://blocknewsmedia.com/wp-content/uploads/2024/06/BTCUSD_2024-06-27_09-59-24.png)
Quinn Thompson, Chief Investment Officer (CIO) at Lekker Capital, articulated a strong buy signal for cryptocurrencies amidst a landscape fraught with bearish sentiment. In a statement released through the social media platform X, Thompson described the present market conditions as “one of the most obvious and attractive crypto buying opportunities of recent memory.”
Lekker Capital, which has carved a niche in trading cryptocurrencies based on macroeconomic cues, provides an analysis that contrasts sharply with the prevailing market mood. Thompson’s commentary comes at a time when the broader crypto community appears enmeshed in pessimism. He expressed concern over the current trend where it’s become fashionable among crypto investors to adopt a bearish stance. “In all of my 5 years in crypto, I have never seen it be so ‘cool’ amongst crypto native investors as it is right now to be bearish,” Thompson noted, reflecting on the cyclical nature of market sentiments.
Related Reading
Thompson pointed to the reactive nature of the market, particularly surrounding major events like ETF launches. He revisited the aftermath of the US spot Bitcoin ETF launch, which contrary to the bullish anticipation, saw Bitcoin’s price plunge from $49,000 to $38,000, marking a steep 22% decline in just 12 days. This event, he argued, should serve as a cautionary tale about the market’s tendency to move against consensus expectations.
Addressing the most recent market dynamics, Thompson highlighted the significant impact of the sell-off that dampened the spirits of market participants, discouraging the usual strategies of buying the dip with leveraged positions. “It’s clear this most recent selloff has finally stung market participants given the lack of leveraged long dip buying,” he observed.
This scenario, according to him, sets the stage for a market correction that typically follows a pattern of initial slow recovery, stabilization, and then a rapid upward movement once a catalytic event occurs. He recalled the BTC ETF leak in October as a “buy the news” event that realigned market sentiment.
Furthermore, Thompson discussed the forward-looking nature of financial markets, emphasizing that the crypto market is no exception. He believes that the market has already adjusted to past events such as the Mt. Gox saga and Bitcoin sell-offs from the US and German governments. “The key thing to remember here is markets are forward looking. Citing the Mt. Gox or US and German government supply overhangs is old news – the market has priced this in. Fear and capitulation invokes an irrational near-sightedness,” the Lekker Capital CIO remarked.
Related Reading
Looking ahead, he underscored several macro and microeconomic developments poised to influence the market. “On the macro front, these include a November election and additional Fed liquidity. On the micro front, they are the ETH ETF, Circle IPO, and improved BTC miner profitability thanks to AI,” he explained. These factors are expected to reduce selling pressure (e.g. Bitcoin miners) and invigorate market sentiment.
Delving deeper into market technicals, Thompson pointed out that several key indicators are at cycle lows, which historically precede upward movements. He noted, “BTC and ETH CME basis, alt open interest as a percentage of total, and macro relative value all sit at cycle lows while stablecoin supply is finally growing again.” This combination of factors, according to Thompson, signals a potential market bottom forming.
In a bold closing prediction, Thompson projected significant rallies for major cryptocurrencies in the near future. “Personally, I think ETH will reach $7,000 and BTC will make its first attempt at $100,000 by the election in November,” he stated confidently.
At press time, BTC traded at $60,766.
![Bitcoin price](https://www.newsbtc.com/wp-content/uploads/2024/06/BTCUSD_2024-06-27_09-59-24.png?resize=3628%2C1675)
Featured image from Shutterstock, chart from TradingView.com
Source link
Altcoins
‘Welcome to the Bottom of Altcoins’ – Analyst Says Bitcoin Dominance Ready for Largest Plummet in Four Years
Published
5 days agoon
June 24, 2024By
admin![](https://blocknewsmedia.com/wp-content/uploads/2024/06/Altcoin-Thats-Exploded-390.jpg)
A closely followed crypto analyst thinks it’s almost time for altcoins to witness the steepest leg of the bull market.
Pseudonymous analyst TechDev tells his 460,100 followers on the social media platform X that the Bitcoin dominance (BTC.D) chart is flashing a massive bearish reversal signal.
The BTC.D index tracks how much of the total crypto market cap belongs to Bitcoin. A bearish BTC.D chart suggests that altcoins are about to outperform Bitcoin.
According to TechDev, BTC.D is showing a bearish divergence on the five-day chart, indicating that Bitcoin is losing momentum against altcoins.
“The building five-day bearish divergence on Bitcoin dominance says it’s ready for its largest plummet in four years.
Those new to this, welcome to the bottom of altcoins’ wave two. They come at BTC all-time high consolidations.
And you hear about ‘What if no altseason?’
Wait until you see wave three.”
TechDev practices Elliott Wave theory, which states that a bullish asset tends to witness a five-wave surge, where waves one, three and five are upside moves and waves two and four are corrective periods. The theory also states that wave three is the longest wave of the rally.
To support his bullish stance on altcoins, the analyst shares an eight-week chart of the OTHERS index, which tracks the market capitalization of all crypto excluding the ten largest digital assets and stablecoins.
According to TechDev’s chart, OTHERS appears to be retesting its exponential moving average (EMA) as support, similar to what happened in the early stages of the 2017 and 2020 bull markets.
“Altcoins.
Think it’s over? So did they.”
Looking at the trader’s chart, it seems that the EMA is hovering at $200 billion. At time of writing, OTHERS is trading at $222.757 billion.
Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Follow us on X, Facebook and Telegram
Surf The Daily Hodl Mix
 
![](https://dailyhodl.com/wp-content/uploads/2018/06/Get-Alerts-728x90.png)
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated Image: Midjourney
Source link
![](https://blocknewsmedia.com/wp-content/uploads/2024/06/crypto-news-laptop-trading-chart-option04.webp-80x80.webp)
Book of Meme sees gains as Pepe Unchained ICO raises $1 million
![](https://blocknewsmedia.com/wp-content/uploads/2024/06/coinbase-wont-support-fetch-80x80.jpg)
Coinbase Won’t Support Upcoming AI Token Merger Between Fetch.ai, Ocean Protocol and SingularityNET
![](https://blocknewsmedia.com/wp-content/uploads/2024/06/market-crash-80x80.jpg)
BTC Back To $60K Amid ETF Outflows, Top Cryptos Prices Fall
![](https://blocknewsmedia.com/wp-content/uploads/2024/06/crypto-news-Is-Vitalik-worried-about-Solana-option02.webp-80x80.webp)
21Shares files spot Solana ETF with SEC
![](https://blocknewsmedia.com/wp-content/uploads/2024/06/jaldps_2_wise_intelligent_philosopher_and_writer_cyborgs_from_5811d9a8-b871-4fc2-bb75-99109db7b26f_1-1-gID_7-80x80.png)
Google Releases Supercharged Version of Flagship AI Model Gemini
![](https://blocknewsmedia.com/wp-content/uploads/2024/06/42301-1-1-80x80.jpg)
Coinbase, MicroStrategy, and Crypto Stocks Record Weekly Upswing
![](https://blocknewsmedia.com/wp-content/uploads/2024/06/crypto-news-bull-front-side-view-modern-city-background-low-poly-style-v5.2-80x80.jpg)
CleanSpark’s acquisition of GRIID reiterates CLSK as a Buy
![](https://blocknewsmedia.com/wp-content/uploads/2024/06/tax-80x80.jpg)
Treasury and IRS Finalize Broker Rule, Defers DeFi Decision
![](https://blocknewsmedia.com/wp-content/uploads/2024/06/ELTTDHKBE5AHFI2I7O5N6S25VY-80x80.jpg)
U.S. Treasury Issues Crypto Tax Regime For 2025, Delays Rules for Non-Custodians
![](https://blocknewsmedia.com/wp-content/uploads/2024/06/crypto-news-SEC-issues-Wells-notice-to-Robinhood-Crypto-option02.webp-80x80.webp)
Lido and Rocket Pool tokens tank after SEC sues Consensys
![](https://blocknewsmedia.com/wp-content/uploads/2024/06/Ex-ConsenSys-AG-Staff-Sue-Founder-Lubin-in-U.S.-Alleging-Equity-Fraud-80x80.jpg)
Consensys Responds to SEC Lawsuit Over MetaMask
![](https://blocknewsmedia.com/wp-content/uploads/2024/06/Screenshot_236-80x80.jpg)
BREAKING: 21Shares Joins Race To Launch Spot Solana ETF
![](https://blocknewsmedia.com/wp-content/uploads/2024/06/default_united_states_supreme_court_0-80x80.jpg)
Supreme Court Decision Overturns Chevron: A Victory for Judicial Authority and Bitcoin
![](https://blocknewsmedia.com/wp-content/uploads/2024/06/crypto-news-angry-pepe-fork-option03.webp-80x80.webp)
ADA short positions spike; experts double down on Dogecoin, Angry Pepe Fork
![](https://blocknewsmedia.com/wp-content/uploads/2024/06/crypto_airdrops.webp-80x80.webp)
Crypto Airdrops To Watch Out For in July
![](https://blocknewsmedia.com/wp-content/uploads/2022/06/1656437120_shutterstock_1736086877-80x80.jpg)
Bitcoin Dropped Below 2017 All-Time-High but Could Sellers be Getting Exhausted? – Blockchain News, Opinion, TV and Jobs
![](https://blocknewsmedia.com/wp-content/uploads/2022/07/coinbase-shutterstock_1866715066-80x80.jpg)
What does the Coinbase Premium Gap Tell us about Investor Activity? – Blockchain News, Opinion, TV and Jobs
BNM DAO Token Airdrop
![](https://blocknewsmedia.com/wp-content/uploads/2023/03/ETH-NFT-shutterstock_1944183022-80x80.jpg)
NFT Sector Keeps Developing – Number of Unique Ethereum NFT Traders Surged 276% in 2022 – Blockchain News, Opinion, TV and Jobs
![](https://blocknewsmedia.com/wp-content/uploads/2022/06/btcsmall-1-1-80x45.png)
A String of 200 ‘Sleeping Bitcoins’ From 2010 Worth $4.27 Million Moved on Friday
New Minting Services
![](https://blocknewsmedia.com/wp-content/uploads/2022/10/maxresdefault_live-80x80.jpg)
Block News Media Live Stream
![](https://blocknewsmedia.com/wp-content/uploads/2023/02/SEC-shutterstock_1625495629-80x80.jpg)
SEC’s Chairman Gensler Takes Aggressive Stance on Tokens – Blockchain News, Opinion, TV and Jobs
![](https://blocknewsmedia.com/wp-content/uploads/2022/08/Green-mining-Shutterstock_1981391501-80x80.jpg)
Friends or Enemies? – Blockchain News, Opinion, TV and Jobs
![](https://blocknewsmedia.com/wp-content/uploads/2022/06/0BK4KOQfADYNvpEKU-80x80.png)
Enjoy frictionless crypto purchases with Apple Pay and Google Pay | by Jim | @blockchain | Jun, 2022
![](https://blocknewsmedia.com/wp-content/uploads/2023/02/maxresdefault_live-80x80.jpg)
Block News Media Live Stream
![](https://blocknewsmedia.com/wp-content/uploads/2023/09/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS9zdG9yYWdlL3VwbG9hZHMvdmlldy8zZmE3ZTQzYzVmNTkwYTA0ZDA1MWZlY2EwZGY4YjA2OS5qcGc-80x80.jpg)
How Web3 can prevent Hollywood strikes
![](https://blocknewsmedia.com/wp-content/uploads/2022/07/1657766796_maxresdefault_live-80x80.jpg)
Block News Media Live Stream
![](https://blocknewsmedia.com/wp-content/uploads/2023/07/iStock-1349331161-80x80.jpg)
XRP Explodes With 1,300% Surge In Trading Volume As crypto Exchanges Jump On Board
![](https://blocknewsmedia.com/wp-content/uploads/2023/02/maxresdefault_live-80x80.jpg)
Block News Media Live Stream
Trending
- Altcoins2 years ago
Bitcoin Dropped Below 2017 All-Time-High but Could Sellers be Getting Exhausted? – Blockchain News, Opinion, TV and Jobs
- Binance2 years ago
What does the Coinbase Premium Gap Tell us about Investor Activity? – Blockchain News, Opinion, TV and Jobs
- Uncategorized2 years ago
BNM DAO Token Airdrop
- BTC1 year ago
NFT Sector Keeps Developing – Number of Unique Ethereum NFT Traders Surged 276% in 2022 – Blockchain News, Opinion, TV and Jobs
- Bitcoin miners2 years ago
A String of 200 ‘Sleeping Bitcoins’ From 2010 Worth $4.27 Million Moved on Friday
- Uncategorized3 years ago
New Minting Services
- Video2 years ago
Block News Media Live Stream
- Bitcoin1 year ago
SEC’s Chairman Gensler Takes Aggressive Stance on Tokens – Blockchain News, Opinion, TV and Jobs