Altcoins Analysis Bitcoin Blockchain

What do crypto whales do to maximize their wealth even in times of volatility?

What do crypto whales do to maximize their wealth even in times of volatility?

Individuals who hold a significant amount of cryptocurrency are often referred to as crypto whales. As these users have more liquidity to spread around, they are more eager to tap into low-risk yield farming. However, those options are available to anyone with any level of crypto holdings. Crypto Whales Seek New Opportunities There is much […]

Altcoins Analysis Bitcoin Blockchain

The UK Is Set To Promote Crypto Adoption And Crackdown On Ransomware Attacks Following Queen’s Speech

Relocating Outside the United States could be XRP and Ripple's Biggest Win

While regulatory uncertainty plagues crypto markets in developed economies, the UK looks set to turn this around. Following the “Queen’s Speech” to kick off the new parliamentary session, the UK plans to introduce 2 bills to allow for increased crypto adoption and measures to tackle ransomware attacks. Crypto Interwoven In The UK’s Parliamentary Agenda On […]

Bitcoin

Retoken Announces its Upcoming IDO Launch

Retoken, the decentralized referral bonus system created for product and service providers, is thrilled to announce its upcoming IDO launch. Retoken is launching RETO – a new token model that stimulates new businesses to implement a blockchain referral model and discover untapped distribution channels. There will be a maximum supply of 550,000,000 RETO for sale […]

Crypto News

Dogecoin Jumps Back Into Top 10 After Musk Buying Twitter News

With the crypto market on a bearish trend, Dogecoin lost its spot as one of the top coins slipping to 14th rank on CoinMarketCap. However, it quickly rose back into 10th place after the news break today that Elon Musk is buying Twitter. DOGE was out of the top 10 cryptos for a long but today’s rise has put the coin back into the top 10 cryptos by market cap.  DODE pumped on the news that Elon Musk was taking Twitter private. There has been a 20% increase in the price of DOGE today after the news. Twitter is set to accept Musk’s $43 billion offer.  Related Reading | Specialists Expect Bitcoin Back To $65K By End Of Year, Survey Finds Elon Musk Behind The Rise In Dogecoin Price DOGE has been steadily rising since it hit a low at $0.1239 this Monday, climbing up to around 20% higher. At the time of writing, the price per coin is $0.158. The DOGE market cap has also seen an impressive rise to $20.96 billion, putting the crypto in the top 10.  As of right now, Dogecoin is worth only half of what it was worth one year ago. The overall crypto market cap has also seen a fall of 2.79% early today, reaching $1.79 trillion. But as the DOGE started rising, other coins like Bitcoin and Ethereum also saw a significant increase. So now, the total crypto market cap stands at $1.82 trillion with a 1.78% rise. What’s going on? DOGE’s price has been trending steadily down for the last three months. The coin was relatively stable during that time. However, it experienced some volatility and a jump in trade volume from Elon Musk making his intentions public on Twitter—which may have something to do with why investors are sellers at present rather than buyers. The price and trading volume of the popular memecoin coin Dogecoin has increased since 14th April, following reports that Tesla boss Elon Musk is interested in buying Twitter. On Friday, 15th April, the trading volume of DOGE was up 145% in the last 24 hours, and the market cap was 5% higher than it was on the previous day. One of the most influential and open backers of Dogecoin on social media is Elon Musk. His statements have often led to jumps in the price for this popular crypto token, which he also uses personally. Experts Predict DOGE May Fall Amid Hawkish Stance By The US Fed  However, some people think that the price of DOGE will go down because the US Fed is taking a tough stance on inflation. According to experts, the DOGE price may fall to a new low as there has been much selling pressure on crypto assets. Related Reading | Bitcoin (BTC) Dips Below $40,000 Over Ukraine And Possibility Of Fed Rate Hike Shivam Thakral, CEO of BuyUcoin, said: As the global financial markets face heat from the hawkish stance taken by Fed to tackle high inflation, there has been tremendous selling pressure in crypto assets. If this trend continues, Doge prices may fall further to find a new lower support level.  Featured image from pixabay, chart from Tradingview.com

Crypto News

Everything You Need to Know About Play-to-Earn on Algorand in 2022

The gaming industry is diverse and ever-increasing, and recent developments prove that this also applies to blockchain-powered gaming. As the latest estimates suggest, the number of crypto wallets related to gaming witnessed an astounding increase from 29,563 at the start of 2021 to a whopping 754,000 in the third quarter of 2021. With this impressive growth rate, it is no surprise that savvy crypto investors have started to focus on the next big thing in the crypto market: play to earn gaming. Axie Infinity, for example, touched an astonishing market cap of $7.8 billion, which some experts believe led to a frenzy for P2E games. Other P2E games, such as The Sandbox, saw an upsurge in activity, reaching millions of users globally. So far, most of these popular P2E titles are based on the gold standard of smart contracts, Ethereum. However, similarly to the DeFi space, users and investors alike have started to voice their concerns about Ethereum’s limitations, namely scalability and high transaction fees. To tackle these issues, P2E game developers turned their attention to Ethereum alternatives that can truly support the growth of this nascent industry. Boasting a multi-billion dollar market capitalization, Algorand ($ALGO) is undoubtedly among the most prominent Ethereum challengers in 2022. Since its launch in 2019, the ecosystem has seen plenty of migrations from both existing and new projects – including various P2E developers. Thus, without further ado, let’s take a look at everything Algorand has to offer to the P2E industry right now. Why choose Algorand over Ethereum? Algorand fans often describe the blockchain as one of the world’s most decentralized, scalable, and secure DLT infrastructures. It has a vast ecosystem of projects, including cutting-edge NFT marketplaces, some of the leading crypto tools and resources available in the market, and projects that are trending in the DeFi economy. Technologically, Algorand comes with all the Layer-1 features and capabilities that crypto enthusiasts know since Ethereum – including its smart contracts, Algorand Virtual Machine (AVM), atomic transfers, and rekeying features. Among its most stand-out features is the AVM. What AVM brings to smart contracts is that it interprets TEAL (Transaction Execution Approval Language) programs, consisting of a set of opcodes, to implement the logic of Smart Contracts and Smart Signatures. In a nutshell, it makes the process more scalable, fast and secure, less risky, low-cost, and fast. And with a block time of fewer than five seconds and a transaction fee of less than $0.0013, Algorand is currently among the most efficient Layer 1 solutions on the market. The atomic transfer features of Algorand help make complex transfers smooth and high-speed. Complemented by a nominal transaction fee, these transfers are significantly low-cost for execution. These atomic transfers are compatible with all Algorand assets and multi-party transfers, which is a substantial advantage for P2E developers and players Finally, the rekeying feature of Algorand helps solve operational bottlenecks by entrusting users with the option to change their private spending key without changing their public address. Apart from efficiency, rekeying also brings flexibility without losing continuity in the process. Algorand and P2E The Algorand ecosystem is growing, and it’s growing fast. According to official numbers, there are now more than 500 organizations worldwide leveraging the blockchain. When it comes to play-to-earn, the Algo Gaming Guild could verify north of 40 projects that are currently building on Algorand. This includes trading card games like Algo Clash, racing games including Drone Racing League, and real-time strategy games such as zCircuit and Cosmic Champs. While speaking of the utility benefits of Algorand as a platform for P2E Games, Sayan Mukherjee, the Head of Business Development of Zone, an Algorand-based P2E game, says his development team chose Algorand because of two primary reasons. First, there are speed, scalability, and low transaction costs. “The Algorand blockchain is really fast with immediate transaction finality. It enables us to give a near web2 experience to gamers globally with respect to speed,” Mukherjee says. Secondly, Mukherjee says, Algorand is carbon negative. “Zone has a massive NFT ecosystem with the AFK Elephants (afkelephants.com), which also act as P2E rewards. Building the GameFi ecosystem on Algorand solves global ESG concerns while the users have a top-notch user experience. It gives the popular gaming term “gg” a new meaning altogether – green gaming!” Earn vs. Play Even though the P2E industry is growing every single day, experts have already spotted a bottleneck that could curb the popularity of the space. While gamers usually appreciate economic rewards for their playing time, many have pointed out that contemporary P2E titles are more “earn” than “play.” In other words, they just aren’t fun to play. Unsurprisingly, the Algorand community has developed high hopes for one of its most promising upcoming P2E titles, Cosmic Champs. The project, which was already named as one of this year’s top NFT games by CoinMarketCap, and praised by the media as Algorand’s “most technically advanced game design,” is on a mission to become a contender for the top P2E release across all blockchains in 2022. Developed by the gaming studio Mad Shapes, Cosmic Champs, a universe of real-time battle arenas, is the first three-dimensional real-time P2E game to land on Algorand. The studio has significant experience developing 3D mobile games and has been involved in the creation of various successful titles prior to its venture into P2E. Additionally, unlike most P2E projects, Cosmic Champs is frictionless and immensely user-friendly – players aren’t even required to have a wallet or prior crypto-knowledge. As Matt Blanchard, a co-founder of Cosmic Champs says, “our game will be free to download and free to play. It’s important that the P2E economy has a level playing field that welcomes everybody, anywhere in the world. That’s the key to mass adoption.” Of course, despite its focus on gameplay, Cosmic Champs still offers considerable economic incentives to its player base. In fact, as a result of better gameplay mechanics, the team expects player loyalty and thus user rewards to be quite competitive, potentially surpassing the earning potential of most of its peers. To reinforce this notion, the developers have added a native token to the game’s NFT rewards, which is scheduled to launch on April 21, 2022. According to Blanchard, the utility of the $COSG token and a future DAO will not only make users feel actively involved in the governance of the game, but it will also help to further grow the Cosmic Champs game into an entire gaming metaverse. Among $COSG’s use cases are staking rewards, purchases on an NFT marketplace, minting new NFTs, and benefits for the gameplay. Additionally, Cosmic Champs also allows for fractional NFTs that help maintain high-quality character aesthetics, necessary for the game to succeed in the long run, while helping to mint a significant number of NFTs that set the ground for a thriving user base. Cosmic Champs is about to take #GameFi on Algorand to a whole new level 💥 High quality, 3D graphics 💥 P2E with their $COSG token 💥NFT Marketplace 💥Modelling for multi-games in Multiverse 💥Built to transition into a community DAO Read more in their Medium article👇 https://t.co/EC5i8sZI7K — DA̷REN.Algo (@Bmorecmore) April 4, 2022   Overall, the game is inclusive, engaging, and exciting for casual and novice participants and hardcore gamers. It is a highly democratic arena that allows anyone to play without having the Cosmic Champs NFTs. In the future, by utilizing and expanding on successful DeFi concepts like staking and earning, the project could grow exponentially – and this, of course, also foreshadows a bright future for the whole Algorand ecosystem.