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7 Advantages of Cryptocurrency

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Cryptocurrency is a digital alternative to using credit cards or cash to make everyday payments in a variety of situations. It continues to grow as a workable alternative to traditional payment methods, but still needs to become more stable before it is fully welcomed by ordinary people. Let’s take a look at a few of the many advantages of using cryptocurrency:

Fraud – any issue with fraud is kept to a minimum because cryptocurrency is digital which can prevent a reversed or counterfeited payment. This type of action can be a problem with other traditional payment options, such as credit card, because of charge-backs.

Identity theft – there is no need to give personal information that can lead to identity theft when using cryptocurrency. If you use a credit card, the store is given a lot of information related to your credit line, even for a very small transaction. Also, the credit card payment relies on a pull transaction where a specific amount is requested from an account. With a cryptocurrency payment, the transaction is based on a push basis, which gives the account holder the option to only send the exact amount due with no extra information.

Versatile use – a payment by cryptocurrency can easily be made to comply with certain terms. A digital contract can be created to make a payment subject to completing on a future date, reference external facts, or get third-party approval. Even with a special contract in place, this type of payment is still very fast and efficient.

Easy access – the use of cryptocurrency is widely available to anyone that has access to the internet. It is growing very popular in certain parts of the world, such as Kenya, which has nearly 1/3 of the population using a digital wallet via the local microfinance service.

Low fees – it is possible to complete a cryptocurrency transaction without having to pay extra fees or charges. However, if a digital wallet or third-party service is used to hold the cryptocurrency there is likely to be a small charge.

International trade – this type of payment is not subject to country specific levies, transaction charges, interest rates, or exchange rates, which makes it possible to complete cross-border transfers with relative ease.

Adaptability – with nearly 1200 unique cryptocurrency types in the global market, there are plenty of opportunities to use a payment method that matches the specific needs. Even though there are plenty of options to use the coins for everyday use, there are also those intended for a specific use or in a particular industry.

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Decentralized Role-Playing Game Nine Chronicles Launches Arena Season 0

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Decentralized Role-Playing Game Nine Chronicles Launches Arena Season 0

Nine Chronicles, a massive multiplayer online role-playing game (MMORPG) backed by South Korean blockchain company Planetarium and video game juggernaut Ubisoft is off to a flying start after launching Arena Season 0 on September 8th.

The inaugural season, called Yggdrasil: The Alpha Season, will run until approximately October 6th, (ending once block number 2,463,999 has been validated) and allows players to win their share of 896,000 NCG tokens in prize pools along with rare and exclusive NFTs that provide players with in-game utility and built-in value.

Why This Game Could Be the Next Big Thing in Blockchain-based Gaming

With a robust Discord community and a Twitter following of more than 36,000 people, Nine Chronicles is set to capture the imagination of MMORPG players and crypto enthusiasts alike. But that’s just one reason the game is likely to take off.

Just last month, Planetarium raised $2.6 million in venture capital funding from some of the top funds in the investing in the gaming sector to grow the staff of developers and continue building out the content for the game itself.

But of course, there is an even bigger reason Nine Chronicles is set up for success. It follows in the footsteps of Axie Infinity in offering players a chance to earn cryptocurrency and NFTs using its unique version of a play-to-earn model that will continue to evolve as the game matures.

It’s estimated that Axie Infinity has generated a whopping $485 million in revenue since July. With the incentives Nine Chronicles has in place for players and the fact that the value of in-game NFTs is directly connected to the size and passion of the communities around these play-to-earn games, the game could be the next to rock the crypto world and put value back into the hands of players rather than solely profiting publishers.

More about the Play-to-Earn Features behind Nine Chronicles’ Inaugural Season

Yggdrasil: The Alpha Season features four main rewards for players:

  • 448,000 NCG tokens split between all players who qualify for arena gameplay.
  • 448,000 NCG tokens split between the weekly top 500 players in the game.
  • Six mythical-grade costume Ruci character in-game NFTs and 34 legendary-grade costume Rui in-game NFTs.
  • 100 titles for top-tier arena players

How Players Can Qualify to Earn Rewards

The rewards offered during the first season of Nine Chronicles have the potential to be so massively valuable that the game takes off, but players do need to qualify to earn rewards by doing three things:

  1. Get to level 17 to unlock arena mode.
  2. Continue competing in the arena to get higher ratings for characters.
  3. Claim rewards through the Nine Chronicles portal.

Players can participate in a maximum of 20 available fights every single day. They need arena tickets to enter into battles. They can receive five tickets every six hours (or every 2,000 validated blocks).

The current architecture of the game does not allow for more at the moment but the plan is to allow for more arena tickets to be made available to players in future seasons.

Why the Future Value of the NFTs Could Skyrocket

The end-of-season rewards for Nine Chronicles players are both abundant, scarce, and potentially insanely valuable in the future, so the game covers every base.

All participants who enter the arena get to earn NCG tokens. Top 500 weekly players get to split the same share of tokens, plus the game rewards players who stake their NCG tokens throughout the season.

The rewards don’t just come in the form of more tokens, but a chance to mint one of 240 NFTs exclusive to the first season. That includes the chance at 1 of 9 Rui character NFTs.

To have an exclusive character that there are just nine of for a community that experienced an 850% growth in daily active users in the second fiscal quarter of this year means Nine Chronicles could see players playing to earn some insanely valuable rewards.

 

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Top 3 Crypto Tokens on Fire Now

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Top 3 Crypto Tokens on Fire Now
  • The top 3 crypto tokens on fire now are GALA, TRX, KIRO.
  • GALA is the utility token of the Gala Games Ecosystem.
  • TRON uses delegated proof-of-stake consensus mechanism.

In the crypto market, the top 3 crypto tokens on fire now are Gala (GALA), TRON (TRX), and Kirobo (KIRO)

1. Gala (GALA)

GALA is the utility token of the blockchain gaming project, Gala Games ecosystem. More so, Gala Games seems to be one of the best performing cryptocurrencies. GALA tends to use emerging trends in the blockchain industry, so the players in the Gala Games can experience more control over the trending and popular things in the gaming industry. Players of Gala Games can own non-fungible tokens (NFTs).

According to CoinMarketCap, Gala’s (GALA) price is trading at $0.09384 with a 24-hour trading volume of $190,437,409. At the time of writing the circulating supply of GALA is 6.98B GALA.

2. TRON (TRX)

Blockchain-based decentralized digital platform TRON has its cryptocurrency TRX. Henceforth, the features that are utilized by Tron are blockchain and peer-to-peer (P2P) network technology. TRON uses delegated proof-of-stake consensus mechanism. TRON working to organize a global entertainment system for the cost-effective sharing of digital content.

Accordingly, as per CoinMarketCap, TRON’s (TRX) price is trading at $0.09197 with a 24-hour trading volume of $1,862,431,358. At press time, the circulating supply of TRX is 71.66B TRX.

3. Kirobo (KIRO)

Kirobo (KIRO), a cryptocurrency token designed on top of the Ethereum platform. It prevents users from cryptocurrency transaction risks and makes crypto management as easier, simple, and secure as online banking. Furthermore, Kirobo has created logic layers over the Bitcoin and Ethereum network, it will provide a unique transaction code. The code has to be entered by the recipient to receive the funds from the sender.

More so, at the time of writing, Kirobo’s (KIRO) price is trading at $0.3641. As per CoinMarketCap, the 24-hour trading volume of KIRO is 1,163,247.

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The Immediate and Future Functionalities of Studyum

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The Immediate and Future Functionalities of Studyum

The legacy education system is plagued with problems that must be addressed. In the United States alone, there are 81.5 million students enrolled in the public education system. The US government spends $680 billion annually, over 7% of its GDP on education. This equates to more money per student than in most other countries, and yet per a report from the Social Progress Index, the US is ranked 91st out of 163 countries when it comes to access to quality education. But the problems that plague the US education system are not unique – they plague other nations as well.

While there are a million and one opinions on what’s wrong, and why and how to fix the system, we have reached a global consensus on two points: First, the modern education system is failing. Second, students’ lack of motivation has reached an all-time high.

Technology has become an inseparable part of our daily lives, especially with the recent generations. We never leave the house without our phones and the ongoing pandemic has only made us turn to technology even more for comfort. The advances of the gaming industry have made its products addictive. Is it strange then that students are more interested in gaming than learning? Now, this is a clear problem for educational institutions, but could it also be the solution?

Implementing the principles of gamification into the workings of its platform, Studyum is turning the problem into a solution. By harnessing the power of advanced technological solutions like blockchain, NFTs, and visual technology, Studyum is building an edtech platform designed for success in the modern world.

What is Studyum?

Studyum is a revolutionary learning platform built on a secure decentralized blockchain. It combines artificial intelligence, machine learning, facial recognition, 3D avatars and NFT to offer an unrivaled experience for educators and students.

The Studyum platform tackles the problems of the educational system by creating an environment where students are effectively motivated to succeed. Studyum addresses the issues by merging its innovations with the learning experience, for both educators’ and students’ benefit.

The Studyum platform will utilize the STUD token as the utility token of the platform.

Benefits for educators:

  • Access to a groundbreaking learning management system.
  • An intuitive platform to create content in 2D or 3D and generate unique NFT collectible cards.
  • Tools to motivate their students, combined with a reward system that encourages progress on the platform.

For teachers, the tools they need are now at their fingertips, allowing them to reach and engage students like never before.

Benefits for students:

  • Tailored digital learning experience, with facial microexpression analysis to follow the student’s style and needs.
  • Outstanding 3D avatars that connect the online and physical world together.
  • A unique combination of VR, AI and machine learning.
  • A reward system with tokenized NFT collectibles.
  • Access to a decentralized NFTfi marketplace, where users can swap, stake, and trade.
  • Tools to optimize student’s learning, such as the SMARTchat and the support of the community.

Studyum allows students to learn their own way and at their own pace so they are never “left behind.” The platform adapts to them, and not vice versa.

A look inside: The immediate functionalities

With the launch of Studyum, these functionalities are operational from day one:

  1. Licensing courses for coaches. This makes it easier and more efficient to implement a better user experience for the coaches, students, and parents.
  2. Training programs for coaches and parents. This means all those who participate can contribute to the success of education.
  3. Training programs for students. The uniformity of this successful user experience will give structure to the innovative methods of the Studyum platform.
  4. Group and individual learning. This is the best of both worlds. No student gets “left behind” while the success of group learning is also ensured.
  5. Homework section. This allows for homework to be set up, all on the platform.
  6. A lesson-by-lesson curriculum and course roadmaps. This gives the educators a turnkey solution, so they have the resources to focus on the success of each student.
  7. Creation of user blocks, so that AI can be used to help provide personalized programming. The user does not have access to this information, as it is stored privately. Using AI can ensure this is a tailored experience so everyone can win.

A look ahead: The future functionalities

Voting and staking tokens are important future functions of the platform.

A portion of the unsold tokens from the IDO  launch (see explanation below) will be frozen to provide funding for any STUD token holder to create content. This will work similarly to many token-curated registries in that an individual stakes a certain amount of STUD to be able to teach a lesson.

If anyone believes that the class holds no purpose or that the teacher is not qualified, they can challenge them for the position of the teacher. The Studyum community can ensure the quality of proposed classes by either challenging the teacher’s competence or the credibility of a class being offered. If an individual succeeds in proving the teacher or the course are inadequate  (meaning that the teacher was deemed unworthy), then the person who issued the challenge has a right to the funds staked by the original candidate.

For Investors

As an investor, this project also has the potential to be one of those you wished you hadn’t passed up. How can you be a part of this from the very beginning?

The Studyum ecosystem will utilize the STUD token, powered by the blockchain. STUD tokens will be available for purchase when the IDO stage starts.

An Initial Dex Offering or IDO is a fundraising method in which the token is issued via a decentralized liquidity exchange that relies on liquidity pools. You can swap your tokens with other traders in the exchange. Investors can buy tokens at the point of launch, then resell them at a higher price later in the IDO process.

To find more and join the Studyum community, click here.

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Inflatable Bitcoin Rat Makes Comeback Due To Federal Reserve Ethics Issue

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bitcoin rat

This content was originally featured on Bitcoinist

In October 2018, a massive inflatable Bitcoin rat was erected outside of the United States Federal Reserve building by artist Nelson Saiers. Now, the former Managing Director for Deutsche Bank AG and hedge fund manager turned mathematical artist is back at it, as the Fed is up to no good once again.

Here is a glimpse at what is going on at the Fed currently that’s caused Saiers to raise a such a stir, how it involves Bitcoin, and what you can do to take a stand like Saiers has.

Nelson Saiers And His 2018 Inflatable Bitcoin Rat

Bitcoin wouldn’t be where it is today, trading at more than $40,000 per coin, if it weren’t for early evangelists spreading the cryptocurrency’s message.

No other form of money exists with such scarcity, and it is thanks to a foundation of mathematical code. Math is right up Saiers’ alley. Saiers has been referred to as the “Warhol of Wall Street” due to his financial-based artworks, and received his PhD in Math at the age of 23.

Related Reading | Bitcoin Golden Cross: Everything You Need To Know About The Bullish Signal

As an artist, he’s produced pieces heavy with geometry and numbers. In one such example, Saiers features $10 bills crushed up in a vending machine costing only 50 cents each.

Here $10 bills are for “sale” for 50 cents. Alexander Hamilton, whose image adorns the $10 was a huge advocate for a “national bank”. His ideas provided the foundation for the creation of the Federal Reserve a century later. Cheap Money (low interest rates which are often impacted by the FED) was a central cause of 2008 Crash, a description reads.

Saiers’ latest piece is also directly outside the Fed, because he’s trying to raise awareness for something he’s shocked there isn’t more “outrage” over: Federal Reserve presidents playing games with rates and other levers while they are also trading securities in their personal accounts.

BLX_2021-09-20_11-55-29

Crypto has come a long way since Saiers' last stunt in front of the Fed | Source: BTCUSD on TradingView.com

The latest Bitcoin rat has been slightly modified from the 2018 original. The newest has a black right eye, which represents how the actions of the Fed presidents are “a real black eye” for the Federal Reserve’s “reputation.” The eye also says POW in reference to the proof-of-work consensus mechanism Bitcoin uses. The black eye also references “getting punched” Saiers told us.

Also updated from the original is the sign that said “I smell a rat.” It now reads “I smell 2 weasels” along with the question “does anybody know how to get to Dallas?” Saiers has shared some exclusive photos with us, which you can check out below.

1632159499 163 Inflatable Bitcoin Rat Makes Comeback Due To Federal Reserve Ethics

What’s Going On With The Fed?

The situation the art piece is referencing, is an “ethics review” called for by Fed chairman Jerome Powell, in response to letters Senator Elizabeth Warren sent to the Fed’s regional bank presidents demanding stricter ethics policies, especially around each president’s own holdings.

All this comes following several Fed presidents disclosing stock trades, which have come under scrutiny. The “2 weasels” in question are, Boston Fed President Eric Rosengren, who held stock in in Pfizer, Chevron and AT&T, and Dallas Fed President Robert Kaplan who traded seven-digits worth of stocks like Apple, Amazon and Delta Air Lines, according to a CNBC report.

The problem isn’t that these people were trading stocks, but doing so while also – as Saiers points out – making “rate and bailout decisions.”

So how does this all involve Bitcoin? Well, aside from the fact Saiers has used BTC in the past to prove similar points, the lack of noise around Wall Street and traditional markets over this ethical issue has caused him to turn to crypto instead.

1632159499 870 Inflatable Bitcoin Rat Makes Comeback Due To Federal Reserve Ethics

“Satoshi couldn’t stand bailouts,” Saiers said, “so I wanted to bring attention to it to the crypto world.” Saiers’ art is now standing in opposition of the Fed right now.

Related Reading |  Bitcoin NFT “The Death Of Fiat” Commemorates Historic Crypto Bull Run

With Saiers’ statement now out there, will crypto help the rest of the world wake up to what is going on right under their noses? And when they do, will they finally understand why Bitcoin is so special? Probably not, but the more central banks cause distrust, the better the case for Bitcoin in the long run.

Special thanks to those like Satoshi, Saiers, and others who selflessly fight causes that effect so many others. If you want to get involved and stop this, buying BTC is one option, but you can also contact your local state and federal elected officials and let your voice be heard.

Follow @TonySpilotroBTC on Twitter or via the TonyTradesBTC Telegram. Content is educational and should not be considered investment advice.

Featured image from iStockPhoto, Charts from TradingView.com

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Cardano (ADA) Will Pick Up Pace Soon Reaching Over $3

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Cardano (ADA) Will Pick Up Pace Soon Reaching Over $3
  • Cardano (ADA) is considered as one of the top 5 cryptocurrency in the market. 
  • The price of ADA is expected to hit back its new ATH soon.

Cardano (ADA) is considered as one of the top 5 cryptocurrency in the market. Currently, ADA holds 4th position on CoinMarketCap. ADA is on a weekly bounce right now from the $1.9 mark to ATH of $3.16. 

Moreover, ADA sellers pushed the price down to $1.89. On August 16, this level stands as the start of the last two weeks’ rally. As per CoinMarketCap, the ADA price is trading at $2.11 with a 24-hour trading volume of $4,750,535,352, at the press time.

Cardano ADA Will Pick Up Pace Soon Reaching Over 3
ADA/USDT Price Chart (Source: TradingView)

An ascending channel is created by joining the swing lows with a lower trend line and the swing highs with an upper channel line. A breakout above an ascending channel may represent that the upward trend will continue, whereas a breakdown below an ascending channel may indicate that the trend will change.

The price of ADA is expected to hit back its new ATH $3.10 soon. Even more, the price of ADA can reach great heights soon.

Sidney Vollmer of the Cardano Foundation asked the community members of Cardano to keep an eye on some mind-blowing partnerships at the Cardano Summit. This will occur in the upcoming weekend on September 25-26. 

Furthermore, the announcement could be a sign of the upcoming things to come. More so, upcoming discoveries can make the ADA price higher.

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How DIFX Stands Apart from Other Exchanges with Its Unique Trading Pairs

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How DIFX Stands Apart from Other Exchanges with Its Unique Trading Pairs

It is only natural for multi-asset traders to take an interest in cryptocurrencies. After all, blockchain is on its way to becoming one of the top five emerging technologies. In fact, The World Economic Forum made a prediction that by 2025, blockchain tech will account for 10% of the Gross Domestic Product worldwide.

With Forex, spot metals, company shares, indices, exchange-traded funds (ETFs) and spot commodities already at their fingertips, throwing the complexity of managing crypto into the mix isn’t exactly ideal for the multi-asset trader. At least it certainly wasn’t for Jeetu Kataria, Co-Founder and CEO of DIFX – Digital Financial Exchange.

Mr. Kataria, as a lifelong multi-asset trader and venture capitalist, first realized the inconvenience of switching between digital and traditional assets back in 2017. A multi-asset trading platform was originally his vision, but after assembling an elite team of bankers, technologists, marketing execs, and fund managers, he came up with the idea of a platform where “cryptocurrencies can be used to trade traditional assets with the cross pairing between all assets.”

Imagine being able to buy gold by investing in XAU with BTC, or investing in Google by purchasing GOGGL with ETH. This is just the tip of the iceberg in terms of what DIFX’s unique asset trading pairs can offer in terms of the future of financial product trading.

One of DIFX’s goals is to “connect individuals, prime brokers, and corporations while solving real-world payment problems by offering simple, impactful, secure payment and cross-border trading solutions.”

DIFX’s set of trading tools has made this possible, in particular the MetaTrader5 platform, which is where all traders in the DIFX ecosystem can trade over 500 assets in cryptocurrencies, commodities, forex, options, and stock CFDs. Some examples of MetaTrader5’s diverse trading pairs include BTC/USDT, ETH/USDT, KOKO/ETH – the list goes on.

DIFX’s also recently launched their spot exchange platform. In conjunction with the launch, KokoSwap announced they would be listing their token KOKO, on DIFX as their first centralized exchange. DIFX ecosystem, and MT5 in particular, look thoroughly equipped to smooth out the cracks in multi-asset trading, making the digital future of finance more accessible to those who will set foot onto its otherwise divided terrain.

ABOUT DIFX

A diversified portfolio and the ability to track investments are becoming increasingly important in today’s fast-paced trading environment. When it comes to all types of investments, DIFX will be a one-stop-shop. When trading on the DIFX exchange, users won’t have to switch between different windows or tabs to trade indices, forex, commodities, stocks, and cryptocurrencies all at once. This streamlined procedure will transform the way trading is currently carried out and give investors a seamless trading experience across crypto and traditional financial markets.

 

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Ethereum Is Ready For Inevitable Climb Over $10,000, Says Crypto Analyst

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Picture of a rocket flying over an Ethereum logo

The year has come with a lot of optimistic predictions for the price of the second-largest cryptocurrency by market cap. Its current trends have seen analysts put the digital asset at above $10,000 by the end of the year. And now, another crypto analyst, Lark Davis, has echoed what his counterparts have been saying in regards to the altcoin.

Lark believes that Ethereum breaking above $10,000 is inevitable and only a matter of time. Saying that the digital asset is poised to grow 190% would see it break this price point. The crypto analyst lays out his analysis on his YouTube channel, which currently has over 433K subscribers. In the video, Lark says that this price is already “programmed in” and adds that “it’s coming.”

Declining Ethereum Exchange Reserves

Lark starts out his analysis by pointing to the depleting supply of Ethereum. More specifically, the exchange supply of Ethereum being low such that there isn’t a lot of ETH waiting to be sold as the price goes higher. This is evident in the recent volume of ETH being withdrawn from exchanges. Recently, Ethereum saw record volumes being taken out of exchanges as 1.2 billion worth of ETH had been withdrawn from centralized exchanges last week in the space of 24 hours.

Related Reading | Ethereum Sees Record Daily Volume Withdrawn From Centralized Exchanges

The analyst points out that the decline in the available supply of Ethereum is leading to a supply-side crisis. Bulls have accumulated some of their biggest bags so far and will most likely not be dumping their bags soon. More often than not, waiting for the price of the asset they invested to 5-10X before they think about dumping their bags. So these long-term holding is creating a supply shock for Ethereum.

ETH price struggles with new week opening | Source: ETHUSD on TradingView.com

Comparing the supply to last year, Lark notes that the exchange supply continues to drop dramatically, save for a few spikes. While supply outside exchanges grows as people move their coins out of exchanges to use for other activities like staking. Comparing the charts and movement, Lark points out that while the supply drops, the price of Ethereum rose with this decline. This trend is similar to the current trend of Ethereum. Exchange supply has fallen and if history repeats itself, this puts the market close to testing another price discovery for the digital asset.

ETH Burn Is Rocket Fuel For Price

Crypto analyst Lark Davis brings to the forefront of the ETH burn. With over 300,000 ETH already burned in just six weeks after the upgrade, amounting to over $1.1 billion, Lark sees about 1 million ETH being burned by the end of the year. This is adding to the supply shock currently expected to come. With less ETH coming into circulation, supply is going to dwindle.

Related Reading | TA: Ethereum Plunges to $3,150: Can Bulls Save the Day?

Lark refers to this rate of burn as “rocket fuel for price appreciation.” This amount of Ethereum being burned gives credence to Lark’s prediction for a 190% increase in the price of ETH, which would lead to the altcoin breaking the $10,000 price point.

Finally, Lark points out that the big money is starting to notice Ethereum. An example of this is Cathie Wood revealing her firm, ARK Invest, has gained more confidence in the asset, explaining that they would split their crypto bags into 40% ETH and 60% BTC. This interest from institutional investors will be the driving factor for Ethereum towards $10,000.

Featured image from CryptoPotato, chart from TradingView.com
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Rarestone Capital Announces Strategic Investment in Rainicorn to Bolster Play-To-Earn NFT Farming Economy

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Rarestone Capital, an active venture capital fund and accelerator, has announced a direct strategic investment in Rainicorn, a multifaceted platform that has established itself as a hub for innovation in the crossover between NFTs and DeFi, with a focus on gamification.

The investment, which includes the direct purchase of Rainicorn’s native token (RAINI), is rooted in a common goal to grow and develop Rainicorn’s play-to-earn ecosystem through a community-centric approach. Part of the deal includes hands-on marketing support, including community, socials, and viral marketing under Rarestone Labs, the fund’s incubation arm.

The Rainicorn ecosystem, dubbed the Rainiverse, includes the popular play-to-earn trading card game The Lords of Light, which is currently undergoing its first public card pack drop off the back of strong community presales. The competitive trading card game allows players to collect playable NFT cards, which can be used to build decks that will be capable of decimating their opponents in turn-based combat. The game also enables leveling up of cards and includes elements of DeFi, including the ability to stake high-level cards for passive income. These in-game features allow players to earn Photon, the primary game currency, through a variety of strategic and competitive actions, creating earning potential.

Rarestone Capital Co-Founder Charles Read explains, “We are extremely excited to form a long-term partnership with Rainicorn. Currently, the top dozen play-to-earn games are processing nearly $1 billion in transactions, despite the market still being in its nascent stages. Given the demand for Raini’s early drops and their team’s vision and execution ability, this partnership is extremely exciting for us.”

Rainicorn Co-Founder @Mindspheres says, “We see this partnership with Rarestone Capital as the game-changer that will take Raini to the next level. The level of support and the connections that Rarestone brings to the table is highly complementary to the Raini project, and our vision.”

Rainicorn’s ecosystem also includes a cross-chain NFT platform, launchpad, and a marketplace where players can purchase and exchange NFTs. With a team spanning the globe, including Australian co-founders, Raini’s vision is to create a vast and diversified interconnected ecosystem, with an extensive roadmap of innovative features and revolutionary concepts to help drive the space forward.

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Solana Drops Close To 20%, Rebound Or Start Of Correction?

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Solana SOL SOLUSDT

Solana has been caught in the crossfire as investors woke up to a bloody Monday due to hurdles in the Asian markets. The top cryptocurrencies by market cap are in the red recording moderate to heavy losses in the 24-hour chart.

Solana Follows The General Sentiment In The Crypto Market

At the time of writing, Solana (SOL) trades at $143,53 with a 10.9% loss in the daily chart. In the weekly chart, the cryptocurrency is amongst the worst performers on the crypto top 10 with a 17.9% loss.

SOL with moderate losses in the daily chart. Source: SOLUSDT Tradingview

After Solana, Polkadot (DOT) is the closest to record similar losses for the weekly chart with 17.6%, followed by Cardano (ADA) with 17.1%, XRP with 16.5%, and Binance Coin (BNB) with an 11% over the same period.

Bitcoin and Ethereum outperformed other cryptocurrencies on the weekly chart, with BTC recording only a 4.7% loss. Solana dropped during the weekend following a long period of profits and an-all time high north of the $200 mark.

As it has happened in the past, investors seemed to favor BTC and ETH, the largest cryptocurrencies, in expectations of further downside in the macro-economic outlook due to the potential risk of default by Chinese real estate developer titan, Evergrande.

Related Reading | Bitcoin Price Sinks 10% As Market Braces For Macro Storm Ahead

As seen below, the China 5-year credit default swap has increased, according to data shared by ZeroHedge. This suggests that many investors are betting on the possible failure to honor its financial commitments by the Asian giant.

Bitcoin BTC BTCUSD
Source: Zerohedge via Twitter

However, Primitive Crypto founder Dovey Wan believes the opposite. Commenting on the Evergrande situation, Wan highlighted that the Chinese market and its companies operate differently than those in the West.

Therefore, she expects the situation with the real estate to not escalate to the point of Lehman Brothers, the financial services firm that defaulted in the U.S. during the 2008 economic crisis. Wan said:

Evergrande is not a vapor financial co, tho it’s high leveraged real estate developer sill retains good trunk of property/lands+ good cash flow biz like property mgmt co on its book. The situation can trigger macro panic but the substantial threat is far less than Lehman.

Bitcoin Holds The Key For Solana In The Short Term?

In previous bearish momentum for the crypto market, most of the assets followed Bitcoin. Therefore, BTC’s price could determine what happens to Solana in the near future.

BTC stands on critical support in the daily, trading at $43,855, and could find its next support in the high area of $30,000 potentially returning to its previous range.

Related Reading | New To Bitcoin? Learn To Trade Crypto With The NewsBTC Trading Course

However, Solana (SOL) has demonstrated resilience in that scenario, and it could potentially become one of the few cryptocurrencies capable of enduring another major sell-off.

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Top 3 NFT Token Highlights of the Week: GALA, WEMIX, LUKSO

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Top 3 NFT Token Highlights of the Week: GALA, WEMIX, LUKSO
  • Top 3 NFT tokens of the week include GALA, WEMIX, LUKSO.
  • Gala is a blockchain-based gaming platform.

There is growing interest among crypto investors in the Non-Fungible Token (NFT). Now, let us look into a few NFT token highlights of the week.

Top 3 NFT Token of the Week (Source: CoinMarketCap)

Gala (GALA)

Gala is a blockchain-based gaming platform. Moreover, GALA takes the gaming industry into different directions by providing gamers the ownership to play games. More so, the Gala Games main aim is to make — blockchain games you will actually want to play.

GALA is considered as the top NFT token of the week. This is because of its 140% price surge. According to CoinMarketCap, the GALA price is trading at $0.102 with a 24-hour trading volume of $208,447,240, at the time of writing.

Wemix (WEMIX)

Wemix is considered as the blockchain related Global Gaming Platform. In fact, the platform is created by Wemade Tree which is the subsidiary platform of WEMADE as its flagship blockchain gaming services arm. Moreover, Wemix is a platform for gaming DApps offering users with wallets and a crypto asset marketplace.

Wemix is the second top NFT token of the week, as its price surged over 98% in the last 7-days. As per CoinMarketCap, the WEMIX price is trading at $2.10, with a 24-hour trading volume of $123,640,706, at the time of writing.

LUKSO (LYXe)

LUKSO is considered as a multiverse blockchain platform where the fashion, gaming, design, and social media platforms intersect. Moreover, LUSKO aims to bring blockchain to the masses via its smart contract related blockchain.

LYXe holds the third place in the top NFT token of the week. The price has surged over 50% in the last 7 days. According to CoinMarketCap, the LYXe price is trading at $19.88 with a 24-hour trading volume of $11,993,717, at the press time.

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