Altcoins Ethereum

Robot Known for Outperforming Bitcoin and Crypto Markets Flocks to Ethereum and Five Additional Altcoins As Markets Pop

A data-crunching robot with a reputation for outperforming the markets just unveiled its latest weekly crypto portfolio allocations. The Real Vision Bot interprets surveys of cryptocurrency-related metrics to create fresh algorithmic portfolio assessments each and every week. The automated bot with a reputation for outdoing Bitcoin (BTC) is choosing altcoins over the king crypto in […]

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PancakeSwap Watch: CAKE Trading Volume Spikes Over 50% In 24 Hours

PancakeSwap (CAKE), just like any other cryptocurrency, has had its share of ups and downs. PancakeSwap registers over 53% increase in 24-hour trading volume PancakeSwap among trending BNB projects today CAKE’s next resistance level could be at $5 Just two months after it was launched on September 2020, the token hit its all-time low to date. Back then, it was trading at just merely $0.19. Today, a quick glance of data provided by CoinGecko shows the 68th ranked crypto by market capitalization trading at $4.80. It is way below its $43.96-all-time high that was attained on April 30, 2021. CAKE might have lost 89% of that impressive trading value, but that does not necessarily mean the token is not commanding strong interest among traders. If anything, current data shows Christmas came early for the digital asset. PancakeSwap Outperforms Many Cryptocurrencies The crypto market is continuing to deal with bearish conditions, but CAKE was able to pull off an impressive feat – close the day and the week in green and outperform many of its competition. Over the last seven days, the governance token of PancakeSwap was able to increase its value by 9.4% and is one of the few digital assets to be “on the green” in today’s market. Related Reading: ETH Struggles To Break Past $1,300 Resistance – Back To $1K? Source: CoinGecko Its price recovery is not the only thing that is impressive about CAKE right now. Its 24-hour trading volume is also standing mighty strong. In fact, there was a 52% increase in the token’s trading volume, even reaching over $55 million before slightly reverting to above $51 million at the time of this writing. Even with that, PancakeSwap has shown some impressive leaps for the past week. Related Reading: Algorand: ALGO Price All Go With Nearly 30% Rally In Last 7 Days Will The Token Sell Like Real Pancakes? If its most recent trading volume is any kind of indication, the digital currency, by the looks of it, actually sold like pancakes. After all, high trade volumes often denote “high retail excitement” and in crypto space, this might work wonders for an asset’s price. Over the past week, CAKE placed high on the watch list of crypto investors and is among the trending BNB projects. The PancakeSwap bulls, though, needs to capitalize on this momentum in order to sustain price level of above $4.50 as this will lead to $5 as the next resistance level. If the pressure for buyers remains strong, CAKE’s short-term trajectory could be a sweet one. CAKE total market cap at $676 million on the daily chart | Source: TradingView.com Featured image from Cryptopolitan, Chart: TradingView.com

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Australian Central Bank Details Active CBDC Pilot Project In Telling Whitepaper

Australians are already testing a CBDC. Surprising no one, considering the authoritarian way that the government handled the lockdowns. The jury is still out on Central Bank Digital Currencies, while some authorities see them as problematic and prone to abuse, others are running a pilot program. The Reserve Bank of Australia, the country’s Central Bank, […]

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U.S. Federal Reserve Set To Hike Rates Above 400 BPs – How Will Crypto Market React?

The United States Federal Reserve is tightening, and interest rates hike has heavily impacted on the crypto market. Earlier this month, Bloomberg Analyst Mike McGlone McGlone said Bitcoin would outperform traditional stocks as interest rates hike. However, to this point, Bitcoin does not seem to follow Bloomberg’s predicted trend. As a matter of fact, despite Bloomberg’s bullish standpoint, Bitcoin and other cryptocurrencies are still in a crash. For example, BTC and ETH dropped by 2% after the Fed’s announcement and bounced back. BTC is currently trading below $19,000. The Fed’s Federal Open Market Committee (FOMC) manages the economy during inflation and recession by controlling the money supply in the country. The Fed maintains the money supply via quantitative tightening and easing of reserves. As a result, a rise in interest rates triggers volatility in the market. Related Reading: Prepare For Volatility: Data Suggests Bitcoin Gets Chaotic During FOMC Meetings Inflation Would Drop To 2% By 2025, Says Federal Reserve The Federal Reserve revealed its plans to tackle inflation at Thursday’s FOMC. The Fed 75bps interest rate hike is just the tip of the iceberg as it plans to raise the rates as high as 400bps by the end of 2022. In August, the CPI indicated 8.3% YoY inflation, but the Federal Reserve forecasts inflation to come down to 2% by 2025. The Fed Reserve plans to bring inflation down to 5.4% by 2022 and 2.8% by 2023. Reports show that Fed raised this year’s interest benchmark by four times. The current rates are between 2.25% to 2.50%. From the CNBN Fed Survey for September, Fed’s interest hike would remain at the peak rate for 11 months. John Ryding, the Chief economic advisor at Brean Capital, commented in response to the survey. Ryding said the Fed has finally realized the inflation problem is critical. He thinks the Fed’s monetary tightening rate is a ‘positive real policy rate.’ The economist advises Fed to increase the current rate by 5%. The survey reported that among 35 survey respondents, some economists, strategists, and fund managers think Fed might overdo its tightening. Recession Would Hit Global Economy – World Bank The World Bank says recession would hit the global economy because of the war-like monetary policies of the world economy. Svan Henrich, the founder of Northman Trader, thinks interest rates would depend on recession than inflation in the next year. He thinks Jerome Powell, Chairman of the Fed Reserve, emulates Paul Volcker. Henrich further advised Powel to pivot before hitting the 40bps rates target. Paul Volcker is the former Chairman of the U.S Fed Reserves. Related Reading: Bitcoin Dumps After Revisiting June Lows, Where Does The Bottom Lie? Jerome refused to say much about the recession, saying he didn’t know the depth or when the recession would occur. Meanwhile, Fed dismissed all speculations of recession. Everyone awaits the release of the following inflation data in the Consumer Protection Index for September. In addition, the next Federal Open Market Meeting will take place on November 2. Featured image from Pixabay, charts TradingView.com

Crypto News

Win.app changes Play-to-Earn to Play-to-Win

Win.app aims to bring in a new era for blockchain gaming by becoming the ultimate play-to-earn gaming infrastructure for Web3. Developers worldwide will soon have access to the Win SDK, an out-of-the-box solution that empowers their games to support NFTs and crypto rewards, alongside new game modes like PvP and tournaments, essentially transforming any mobile game into a competitive multiplayer experience for Web3. Revolutionizing play-to-earn with Win SDK The Win SDK was built with one main goal: to remove the hassle of monetization from the development process, allowing creators to focus on reaching their vision when creating the ultimate skill-based games. It packs in all the key features of the play-to-earn experience: A complete blockchain-powered crypto payments solution that uses non-custodial wallets and Win’s proprietary $FTW token as in-game currency; NFT-based leveling system and staking rewards, allowing for unlimited gamification opportunities; A complex match-making and player rating algorithm that enables PvP gameplay and ensures that players are always matched with players of similar skills for a fun and fair experience; Real-time analytics for tracking all critical data; 24/7 player support – players will always have access to a dedicated support team that can handle any issue; Win.app firmly believes that developers need to focus on their creativity and innovation, not on the monetization hassle. The Win Realm – real Heroes are made, not born The Win Realm is a component of the Win Ecosystem designed to highlight the potential of the Win SDK. It uses Heroes, unique Polygon-based NFTs (ERC-721) as player-owned characters, and features a fantastic journey encapsulating the adventures of three ancient tribes. Every action of a player directly affects these Heroes. In the Win Realm, one doesn’t simply level up; they get mightier. The mightier the Hero is, the more opportunities one has: access to special tournaments, increased staking rewards, one-of-a-kind NFT collectibles, and much more. More information on the Win Ecosystem is available on the Win Blog. About Win.app Win.app is a play-to-earn mobile gaming platform powered by the blockchain. The platform enables players to compete against each other in skill-based games and earn crypto rewards and NFTs. Through its Win SDK, it allows mobile game developers worldwide to seamlessly integrate the P2E model in their skill-based games with just two lines of code. Win’s core belief is that blockchain technology can change the world, and as such, it’s working tirelessly to be the driver of this change. They are redefining the concept of play-to-earn by rebuilding the P2E gaming infrastructure for Web3.

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Trendy crypto gaming platforms like Moshnake, Decentraland, and Axie Infinity offer Rewards

Trendy crypto gaming platforms like Moshnake, Decentraland, and Axie Infinity offer Rewards

The blockchain gaming ecosystem is rapidly growing, with breakthroughs occurring daily in the play-to-earn, NFTs, and DeFi markets. The “play-to-earn” approach used by the GameFi ecosystem, which involves offering players financial incentives to play games, has completely changed the gaming landscape. Decentraland (MANA) and Axie Infinity (AXS) have been at the forefront of this new […]