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How to Get an Emergency Payday Loan

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What Are Payday Loans?

Payday loans, sometimes referred to as payday advances, are short-term, unsecured loans, usually for small amounts. The only collateral that is generally required to apply for these specific loans is some form of employment records, like pay stubs, although the term payday loans has become a shorthand for any type of small, short-term loan even if it’s not technically backed by a direct reliance on a borrower’s next paycheck. Payday advances, like any loan vehicle, are regulated heavily. These regulations vary widely from state to state in the United States, and from country to country internationally.

Payday Loans Are A Booming Business

Payday lenders have had seen booming success worldwide, and credit that success to offering a service that was not formerly available. They point out that emergency cash loans offer an attractive alternative to people who are not able or willing to use less expensive conventional routes to borrow money. Some companies that offer emergency cash advances in the UK have described their approach as a handy financial service for young, Web-savvy borrowers, accustomed to the ease and convenience of instantaneous online communication. These applicants often feel left out of the conventional banking system. Today’s modern consumer, raised entirely with social media, can even apply for these micro-loans using their smartphones, with money transferred to successful applicant’s bank accounts within minutes.

Compare Payday Loans With Other Loan Types

Many types of short-term loans can seem expensive when the fees associated with the loan are factored as yearly APR. For that reason, payday lenders prefer to compare their loan products to bank overdraft fees and other charges that traditional lenders use to recoup funds. Many payday lenders don’t even characterize their business as banks, simply as another form of Internet technology, used to connect willing borrowers with willing lenders.

Payday Loans Are Available 24/7

As traditional outlets for loans become harder to find and are requiring larger and larger amounts of paperwork for even small loans, payday advances have stepped in to fill the vacuum. They’re available day and night, seven days a week, and in many cases the process is so fully automated that loans are granted without the borrower ever having to speak to another person. After applicants have established a track record of successfully paying off cash advance loans, some lenders only require applicants to text the amount of the desired loan, and the term of the loan desired, and the money is instantly made available.

So Why Would I Pay the Added Interest?

Sometimes it’s an unexpected emergency, or it may be that an opportunity has come up you couldn’t possibly pass up. Is it tickets to the playoff? Has a friend obtained access to ringside seats at the “fight of the century”? Or maybe you have committed an unforgivable sin and forgotten your significant others birthday…

Whatever the reason, you’re short on cash. If you haven’t got credit cards and maybe your friends and family are not in a position to help out. What do you do?

It’s increasingly common for those in immediate financial need to approach a short-term lending company for a “payday loan”. These loans are often unsecured, meaning the borrower has no collateral to provide. This makes the loans a high-risk cash advance for the lending company. If the borrower bails, there’s nothing of value to collect. They compensate for the increased risk by charging very high-interest rates.

The applicant usually must provide proof of employment, and government issued identification. The idea is that when the applicant’s next pay check is issued, the funds will be used to pay off the loan. In some cases, the loans may be made for the borrower to purchase a car or other big-ticket item. In these cases, there is somewhat less risk involved for the lender. The item may be re-possessed should the applicant fail to repay the loan as promised.

So What is the Bottom Line

Companies around the world offer payday loan services including Canada, the United States, Australia and Great Britain. The rules and regulations regarding how much interest may be charged, and limits on the amounts of the loans vary depending on the country, state, province or county where the payday loan company is located.

The industry is growing; possibly the fastest in the UK, where there are fewer regulations on how payday loan companies may operate. UK firms have expanded into Canada and Australia. In a few states in the United States, super high-interest loans (such as those provided by payday loan advance firms) are illegal.

On the spot check-cashing is another service that is frequently offered by payday advance companies. Perhaps the customer does not have a bank account or wants immediate access to the cash. A flat charge or percentage of the check amount will be charged as a fee. Short term loan companies often open early and close late to take advantage of those who need immediate access to cash.

Many companies now offer online applications for payday loans. They usually offer a quick decision on the client’s application, sometimes within an hour. The cash can then be deposited into a bank account or collected by the borrower at a company office.

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Can Decentralized Finance Become the Future’s New Digital Economy ?

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Can Decentralized Finance Become the Future's New Digital Economy ?

Over the past two years, DeFi has perhaps become the most striking event in cryptocurrency reality. The rise of this new star is closely tied to Ethereum, the second-largest cryptocurrency network by market capitalization, on top of which almost every existing DeFi application runs. The fact of the matter is, Ethereum is not only a digital asset that allows you to make transfers on the blockchain network but also an entire ecosystem within which you can provide services and perform more complex tasks, such as writing smart contracts. It was these two functions that became the foundation for the emergence of the DeFi phenomenon, which ultimately became something of a spontaneous market response to the request for freedom of financial services and their equal provision to any participant in the ecosystem, regardless of the social status and geographic location.

Over the past year, the capitalization of the DeFi market has grown by almost 60 times reaching a height of $130 billion, and the total value of user deposits (total value locked, TVL) has grown about 100 times, reaching roughly $100 billion. Many analysts predicted the industry to have the quickest decline in history, but DeFi withstood every problem it faced thanks to its underlying network. Being overloaded with transactions allowed for a general correction in the cryptocurrency market, which brought down the cost of the first cryptocurrency and along with it, the rest of the crypto assets in the spring and summer of 2021. Despite all the negative events, DeFi continued to grow. What was the fundamental driving force behind this growth?

The art of cutting off obstacles

The coolest feature of DeFi is the elimination of middlemen from its financial processes. In CeFi (centralized finance), the transaction’s confidence is provided by an intermediary: a bank, a stock exchange, a brokerage office, a settlement center, etc. The intermediary typically performs important functions for the economy such as storage and movement of funds, as well as lending to individuals and organizations.

Everyone is more or less familiar with the shortcomings of these organizations: due to their complex and demanding structure, they exclude more than a billion inhabitants of the planet from economic life, and the high commissions they charge customers guarantee neither a quick nor a trouble-free transaction. Often transactions, especially international ones, may be delayed for no apparent reason, and some of them may be regarded as suspicious. All this leaves the feeling that your money does not belong to you, it’s as if someone is disposing of your funds at his own discretion.

This situation, however, has greatly changed thanks to blockchain — a transaction register protected from unauthorized access, distributed among users, and belonging to everyone and no one in particular at the same time. Due to its decentralization, a common transaction log serves as a general source of truth for all network participants. And if some network participants are motivated to give their free funds to others, while others take these funds as a loan from a bank, then there is no need for an intermediary: the role of the trusted party is played by the blockchain itself, and a self-executing smart contract guarantees the fulfillment of the conditions. The same applies to any other economic interactions — insurance, the issuance of stable assets backed by currencies or individual advantages of protocols, and even the sale of unique works of art in the form of NFT tokens.

The uniqueness of DeFi lies in the fact that the users of decentralized applications (DApps) get rid of not only financial intermediaries from the real world but also centralized crypto platforms that require them to verify their identity with the personal information disclosure, which essentially violates one of the basic principles of cryptocurrencies — anonymity.

DeFi, with its decentralized exchanges (DEXs), allows its users to trade without having to go through identity verification, interference of anti-money laundering regulations, or any other restrictions that centralized exchanges were forced to impose.

DeFi is more than fintech. Most fintech projects are a digital shell that wraps up old systemic phenomena. DeFi, on the other hand, functions on a completely new basis as it gives total independence to people when it comes to choosing a path in the financial world.

Of course, DeFi still faces problems. For example, the congestion of the Ethereum core network with the popularity of DeFi itself leads to the birth of too many transactions, which then results in higher fees. On top of that, many applications still have awkward, clumsy user interfaces. As such, DeFi can be considered as a simple local phenomenon, which only people from the crypto world or those well versed in technical nuances can enter. Because DeFi is still difficult for those who are far from being tech geniuses. These are important problems that need to be addressed, and whoever overcomes these obstacles will emerge victorious.

How the LocalTrade ecosystem solves the pressing problems of DeFi

In fact, despite the explosive growth, DeFi is still beyond the attention of most financial market participants. This will undoubtedly change soon thanks to the LocalTrade platform — a universal cryptocurrency exchange and an ecosystem of financial products that aims to bridge the gap between traditional finance and the cryptocurrency industry.

The LocalTrade ecosystem includes a full-fledged centralized trading platform and a decentralized financial platform for investments named DeFi Lab. Combining the experience and powerful technical infrastructure of CeFi with the capabilities of DeFi, LocalTrade attracts traders and investors from fields. If they wish, they can join the world of decentralized finance just as easily as they would be dealing with traditional financial products that they understand.

LocalTrade intends to become the first platform that will allow everyone, even those who have only a fiat bank card and $10 in their account, to get unhindered access to the most profitable DeFi and CeFi products. How is this possible? Using the capabilities of CEX, LocalTrade simultaneously simplifies the process of investing in DeFi products and makes this investment safer. This part of the LocalTrade ecosystem is called DeFi Lab, and it includes components such as NeoBroker smart-fund, DeFi Wallet, a Launchpad for crowdfunding, as well as last year’s trend — yield farming, and even more. LocalTrade’s products are absolutely unique, so let’s briefly describe the essence of the innovative functions that you can access in the updated LocalTrade platform.

LocalTrade’s DeFi Tools

LocalTrade’s DeFi Wallet is not your everyday wallet, but rather a product that will allow you to promote DeFi and make it mainstream. This is a smart multi-currency wallet for mobile devices with an intuitive interface, completely private and confidential with 100% storage of information locally on the user’s device, full data encryption, 2FA, and biometric authentication for increased security. You can set up commissions in the wallet, but its killer feature is the ability to exchange assets from different blockchains within the same application. This specific option makes DeFi Wallet the world’s first decentralized crypto wallet with a cross-chain exchange functionality.

LocalTrade’s DeFi Lab is a set of special digital tools tailored for investments and are classified by categories based on their risk factor. DeFi Lab is designed to meet users’ needs and is available to all retail investors. These tools are available for investors with different levels of DeFi knowledge, ranging from pros to newbies.

  • NeoBroker Smart Fund allows users to invest in company shares before their initial public offering( pre-IPO), thus becoming a co-owner of such companies.
  • Yield Farming Protocol offers users high APY rates for their assets, which will be used to mine liquidity via a variety of DeFi projects.
  • Token Sale Investpool is a solution that allows users to purchase tokens from crypto projects that are currently on the pre-sale/ICO stage in order to get enhanced returns.
  • LocalTrade Launchpad is a tool for more sophisticated investors, aimed at supporting and promoting cryptocurrency projects, as well as allowing the investors to purchase tokens during IDO, at the lowest price possible.

All projects hosted by LocalTrade’s DeFi Lab undergo strict verification and audit of smart contracts to identify potential risks and thus prevent users from investing in intentionally fraudulent projects.

There is also an opportunity to earn money on the platform using the LocalTrade token (LTT), which is a BEP-20 standard token issued on the Binance Smart Chain. The LTT token combines utility and governance functionalities, powering the entire LocalTrade ecosystem. As a link between the LocalTrade CEX and DeFi platforms, LTT includes a unique token model and is used in various cases on the platform. There are several ways to earn money with LTT:

  • Staking, through which users join the DAO Sharing Economy and can participate in the management of the platform.
  • Receiving remuneration for attracting new participants.
  • Adding LTT to liquidity pools and receiving rewards for farming.

The LocalTrade VISA card & The NeoBank application are other LocalTrade products that allow you to use crypto whilst still enjoying the full convenience of fiat money. The card instantly converts cryptocurrency into fiat, after which you can pay for any purchases. At the same time, cashback in LTT tokens is paid for using the card. In addition, the card allows you to withdraw cash at any ATM.

Conclusion

If bitcoin was the spark for the financial services’ revolution, then DeFi was the catalyst for this process. Companies that bring DeFi into the mainstream are doing a huge service not only to the world of technology but also to the entire human society. This is exactly the task that LocalTrade has taken upon itself, providing its users with a full set of tools that will allow them to enter the world of DeFi as smoothly as possible. On the platform, LocalTrade conducts step-by-step training in mastering DeFi within the framework of its university. After graduating, students will not only have a clear understanding of DeFi, but also of traditional financial instruments and investing in general.

 

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NFT Project To Donate 100% Of Income To Help Afghan Women Access Education

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NFT Afghan women

Bookblocks.io, an NFT company has partnered with a New York-based company, Women for Afghan Women to help women in Afghanistan have access to education.

Under the new Taliban-run government, women in Afghanistan have had their rights to education restricted by the fundamentalist militants. Since this development, Afghan women have taken to the streets to protest. Over a dozen women protested outside the premises of what used to be the Afghan Women’s Affairs Ministry – until the Taliban turned it into the department for the “propagation of virtue and the prevention of vice.”

Bookblocks.io NFT

Bookblocks.io announced that it would be releasing a non-fungible token on October 5, and the proceeds of its sales would be given to Women for Afghan Women (WAW). Women for Afghan Women is a grassroots civil society organization dedicated to protecting and promoting the rights of disenfranchised Afghan women and girls in Afghanistan and New York.

According to the company, the inspiration for the NFT was Louisa May Alcott, who was a pioneer for women’s rights. “Not only did her many famous writings seek to lift women in society, but she was an ardent feminist, abolitionist, and supporter of women’s suffrage. As such, she seemed a perfect inspiration for our charity focus this month, which is dedicated to helping the woman and girls of Afghanistan find equality in all aspects of life.”

Total crypto market cap drops to $1.93 Trillion | Source: Crypto Total Market Cap from TradingView.com

The NFT is a portrait of Louisa May Alcott with two different butterfly wings. It signifies the hopeful emergence of Afghan women and girls from the restrictions that impede their freedoms. The background colors of each NFT are also different, signifying the diversity of backgrounds that make up the women and girls that Women for Afghan Women serve. There are also four different versions of this illustration to represent the 40% of Afghan children who suffer from malnutrition.

The company says it will mint 2200 copies of this NFT to represent the reported 2.2 million girls currently excluded from school in Afghanistan. 100% of the money raised from the sale of the NFTs will go towards Women for Afghan Women, with a 5% residual for each subsequent sale. The price starts at 0.025 Ether (ETH).

Other NFT And Crypto Donations To Afghanistan

There are several ongoing projects in the digital assets space that are focused on charity work towards Afghanistan. About a month ago, Jack Butcher, the founder of Visualize Value, launched a series of NFT “care packages,” that cover one Afghan family’s emergency needs for one month. This care package is still accepting donations via The Giving Block.

Related Reading | An NFT “Care Package”: Tokens That Deliver Humanitarian Aid In Afghanistan

Other organizations are also accepting crypto donations through The Giving Block to provide humanitarian aid in Afghanistan. They include: Save the Children. International Medical Corps, Direct Relief, and Code To Inspire.

Featured image from dw.com, Chart from TradingView.com

 

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Zilliqa Price Prediction 2021 – Will ZIL Hit $0.2 Soon?

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Zilliqa Price Prediction 2021 - Will ZIL Hit $0.2 Soon?
  • Bullish ZIL price prediction ranges from $0.113 to $0.155.
  • ZIL price might also reach $0.2 soon.
  • ZIL bearish market price prediction for 2021 is $0.048.

In Zilliqa (ZIL) price prediction 2021, we use statistics, price patterns, ADX, and much other information about ZIL to analyze the future movement of the cryptocurrency. 

Zilliqa is a public, permissionless blockchain which is created to provide high throughput with the facility to finish thousands of transactions per second. Moreover, it seeks to solve the issue of blockchain speed and scalability by offering sharding as a second-layer scaling solution. More so, it is home to many decentralized apps, and as of October 2020, it will enable staking and yield farming.

Zilliqa (ZIL) Current Market Status

According to CoinGecko, the Zilliqa price is trading at $0.084 with a 24-hour trading volume of $63,303,717, at the time of writing. However, ZIL has increased by 4% in the last 24 hours.

Moreover, ZIL has a circulating supply of 12,531,956,331 ZIL and maximum supply of 21,000,000,000. Currently, ZIL trades in cryptocurrency exchanges such as Binance, Huobi Global, OKEx, FTX, and Upbit. 

Zilliqa (ZIL) Price Prediction 2021

Zilliqa (ZIL) holds the 94th position on CoinGecko right now. ZIL price prediction 2021 explained below with a daily time frame.

ZIL/USDT Price Chart Daily Time Frame (Source: TradingView)

The falling wedge pattern is a continuation pattern formed when the price bounces between two converging and descending trendlines. This is a bullish chart formation, but it can also indicate reversal or continuation patterns depending on where it appears in the trend.

Currently, ZIL is waving in a range of $0.08. If the price of the ZIL moves upward, it will reach the resistance level of $0.137. If the trend reverses to the down side, then it will reach the support level at $0.067.

Zilliqa (ZIL) Support and Resistance Level

The below chart shows the support and resistance level of ZIL.

1632586417 814 Zilliqa Price Prediction 2021 Will ZIL Hit 02 Soon
ZIL/USDT Support and Resistance Level (Source: TradingView)

From the above daily time frame, it is clear the following are the resistance and support level of ZIL.

  • Resistance Level 1 – $0.117
  • Resistance Level 2 – $0.155
  • Resistance Level 3 – $0.201
  • Support Level 1 – $0.077
  • Support Level 2 – $0.048

The charts show that ZIL has performed a bullish trend over the past month. If this trend continues, ZIL might run along with the bulls overtaking its resistance level at $0.201.

Conversely, if the investors turn against the crypto, the price of ZIL might plummet to almost $0.04, a bearish signal.

Zilliqa (ZIL) Average Directional Index (ADX)

Now let’s look at the average directional index (ADX) of ZIL. Generally, the Average Direction Index (ADX) helps crypto traders identify the strength of a trend, instead of its actual direction. It can be used to check whether the market is changing or a new trend is initiating. It is associated with the Directional Movement Index (DMI) and basically includes the ADX line. 

The range of the oscillator is from 0 to 100. A high value represents a strong trend, and a low value shows a weak trend. It is often combined with directional indicators. 

The above chart shows the ADX of ZIL stays above the range of 16.43, so it indicates a weak trend.

Conclusion

With the further developments and upgrades that are happening within the ZIL platform. The cryptocurrency ZIL has a great future in upcoming days in this crypto market. However, it is possible to see ZIL reaching new heights.

Bullish ZIL price prediction 2021 is $0.155. As said above, it may reach even high heights, however reaching $0.2 if investors have planned that ZIL is a good investment in 2021.

Disclaimer: The opinion expressed in this chart solely author’s. It does not interpreted as investment advice. TheNewsCrypto team encourages all to do their own research before investing.

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Bit2Me Raises $23.9M After Several Successful Token Sales

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Bit2Me

Spanish cryptocurrency exchange, Bit2Me, has successfully raised $23.9 million (20M EUR) following three highly-demanded public sale rounds for its newly launched token, B2M. The first public sale, launched on September 6th, 2021, saw a staggering $5.9 million raised in just 59 seconds, followed by a second which raised $8.8 million in just 47 seconds. The final phase sold out in just 38 seconds, involving over 7,000 participants. Each marks some of the quickest and largest grossing for a public sale of an exchanged-based token in crypto history.

In addition to this staggering retail demand, Bit2Me also drew on its existing network of partners and investors, securing a further $3.3 million in private funds. Moreover, the Spanish exchange is confident this momentum will carry through to November 1st when B2M goes live on Bit2Me’s own cryptocurrency exchange, given both the figure raised so far and the growth of and interest from the community since B2M was launched.

Commenting on the token sale’s success, Koh Onozawa, a recent addition to Bit2Me’s advisory board, said that the sales are the product of “6 years of hard work and community building” undertaken by Bit2Me, with the team having “bootstrapped” the exchange from a small unknown exchange, to one of the largest in Europe, and the largest in the Spanish speaking world.

Onozawa went on to say that the team is excited to see what the future brings for the exchange and the change and impact it will have on the cryptocurrency exchange industry as a whole:

“We [Bit2Me] won’t stop until everyone can easily discover access and operate with crypto in their day-to-day lives.”

Evolving the Cryptocurrency Exchange Industry

Indeed, pursuant to this mission, Bit2Me has been on a development spree, reflecting its aim to become a one-stop ecosystem for all things cryptocurrency-related. Their product portfolio, aptly named the Bit2Me Suite, consists of a range of products specifically designed to cater to the bespoke needs of its committed user-base.

These comprise a series of exchange services, including Bit2Me Wallet – a multi-asset storage and exchange application that hosts over 60 different crypto assets, Bit2Me Trade – a high-frequency trading platform supporting market, limit and stop-limit orders and an over-the-counter (OTC) trading desk to support high-volume transactions.

Additionally, Bit2Me has rightly focussed on the area of the crypto-world which still arguably requires a significant amount of attention – fiat-crypto off and on-ramps. Bit2me Pay and Bit2Me Card provide payments solutions for cryptocurrency traders, allowing them to purchase crypto-assets with fiat currencies and spend crypto-assets using traditional online payment gateways.

In addition, the Bit2Me ecosystem also offers community-focused products like Bit2Me Academy for crypto learning, Bit2Me News, Bit2Me TV, directory services, event listings, loyalty programs and a range of on-demand services for the community.

B2M: Powering The Bit2Me Ecosystem

Powering all of this is Bit2Me’s newly-launched, Ethereum-based token, B2M. B2M is a utility token that acts as a medium for information and value exchange in the Bit2Me ecosystem. Users can pay for Bit2Me’s educational resources, such as courses in the Bit2Me academy using the ERC-20 token, and even receive exclusive discounts (up to 90%) on content.

These discounts also extend to fees paid when using Bit2Me’s exchange services, including Bit2Me Trade and Bit2Me Wallet. You will obtain these benefits only by holding B2M, you won’t need to spend it.

Finally, borrowing from the decentralized finance (DeFi) space, Bit2Me’s token will power the cryptocurrency exchange’s borrowing and lending facility. Users who effectively “stake” other cryptocurrency assets, such as Bitcoin (BTC) or Ethereum (ETH), making those assets available to be borrowed by others for trading purposes, will receive an interest payout. If lenders agree to receive these payouts in B2M, their earned interest will be significantly higher.

Finally, the team behind Bit2Me is also considering including a governance feature within B2M’s framework which will allow holders to vote on the platform’s product offering and additional features. This might include voting on specific features, cryptocurrency listings up and the general direction of the exchange.

If the successful public raise is an indicator of future success, Bit2Me is destined to be a giant in the cryptocurrency exchange space and remain as such for a long time into the future.

To learn more about B2M and Bit2Me’s suite of cryptocurrency exchange services, visit their main page here.

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XDC Network Price Prediction 2021 – Will XDC Hit $0.2 Soon?

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XDC Network Price Prediction 2021 - Will XDC Hit $0.2 Soon?
  • Bullish XDC price prediction ranges from $0.13 to $0.189.
  • XDC price might also reach $0.2 soon.
  • XDC bearish market price prediction for 2021 is $0.04.

In XDC Network (XDC) price prediction 2021, we use statistics, price patterns, ADX, and much other information about XDC to analyze the future movement of the cryptocurrency. 

XDC is an enterprise-ready hybrid Blockchain technology firm optimized for international trade and finance. The XDC network is based on the native coin known as XDC. Moreover, the XDC protocol is designed to support smart contracts, 2000TPS, 2seconds transaction time, KYC to Masternodes (Validator Nodes). 

According to CoinGecko, the XDC price is trading at $0.12 with a 24-hour trading volume of $6,798,745, at the time of writing. XDC has increased by 3.9% in the last 24 hours.

Moreover, XDC Network has a circulating supply of 12,238,141,964 XDC. Currently, XDC trades in cryptocurrency exchanges such as Bitfinex, KuCoin, HitBTC, Bitcoin.com Exchange, and Changelly PRO.

XDC Network (XDC) Price Prediction 2021

XDC Network (XDC) holds the 76th position on CoinGecko right now. XDC price prediction 2021 explained below with a weekly time frame.

XDC/USDT Price Chart Weekly Time Frame (Source: TradingView)

The above chart shows the Swing High and Swing Low patterns. A swing low is when the price makes a low and is immediately followed by two consecutive higher lows. Similarly, a swing high is when the price makes a high and is followed by two consecutive lower highs.  

Currently, XDC is waving in a range of $0.12. If the price of the XDC moves upward, it will reach the resistance level of $0.189. If the trend reverses to the down side, then it will reach the support level at $0.038.

XDC Support and Resistance Level

The below chart shows the support and resistance level of XDC.

1632582537 377 XDC Network Price Prediction 2021 Will XDC Hit 02
XDC/USDT Support and Resistance Level (Source: TradingView)

From the above daily time frame, it is clear the following are the resistance and support level of XDC.

  • Resistance Level 1 – $0.13
  • Resistance Level 2 – $0.15
  • Resistance Level 3 – $0.19
  • Support Level 1 – $0.09
  • Support Level 2 – $0.07
  • Support Level 3 – $0.04

The charts show that XDC has performed a bullish trend over the past month. If this trend continues, XDC might run along with the bulls overtaking its resistance level at $0.19.

Conversely, if the investors turn against the crypto, the price of XDC might plummet to almost $0.04, a bearish signal.

XDC Network (XDC) Average Directional Index (ADX)

Now let’s look at the average directional index (ADX) of XDC. Generally, the Average Direction Index (ADX) helps crypto traders identify the strength of a trend, instead of its actual direction. It can be used to check whether the market is changing or a new trend is initiating. It is associated with the Directional Movement Index (DMI) and basically includes the ADX line. 

The range of the oscillator is from 0 to 100. A high value represents a strong trend, and a low value shows a weak trend. It is often combined with directional indicators. 

1632582538 763 XDC Network Price Prediction 2021 Will XDC Hit 02
XDC/USD ADX(Source: TradingView)

The above chart shows the ADX of XDC stays above the range of 9.19, so it indicates a weak trend.

Conclusion

The XDC is one of the cryptos that keeps its ground against the bearish market. Furthermore, our long-term XDC price prediction 2021 is bullish. It has a huge possibility of overtaking its current all-time-high (ATH) of $0.19 this year. This will only happen if it breaks many past psychological resistances.

Furthermore, with the ongoing developments and upgrades within the XDC ecosystem, it could experience a great future ahead in 2021. It may reach $0.15 soon and it might even reach high heights, however reaching $0.2, if investors have planned that XDC is a good investment in 2021.

Disclaimer: The opinion expressed in this chart solely author’s. It does not interpreted as investment advice. TheNewsCrypto team encourages all to do their own research before investing.

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China’s Crypto & Bitcoin (BTC) Ban as Dreadful as Ever!

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China’s Crypto & Bitcoin (BTC) Ban as Dreadful as Ever!
  • Additional rules and regulations imposed for the crypto industry in China.
  • Even off-shore crypto trading now becomes illegal. 
  • China’s Judicial management consists of several bodies, now responsible for these new regulations.

The adaptation of the crypto regulations among various nations across the globe is getting severe with the passing of each day. These rules and regulations are not only a threat for the crypto exchanges alone but for the entire crypto industry. 

Amidst all these, the worse factors these days are making the already existing regulations even more aggressive. In such terms, China has newly imposed certain regulations upon its already prevailing crypto regulations. In spite of these new regulations, it seems there would not be any future for the crypto industry in the nation. Also, it’s well known that China has been into such regulations way back since 2013, upon Bitcoin (BTC).

The New Regulations

On 24th September, China announces officially certain new regulations in addition and upon effect immediately for the crypto industry. However, it seems these new additional regulations are much worse than the already existing ones and previous regulations.

In spite of this, the People’s Bank of China (PBoC) is one of the head council members for imposing these regulations. 

Accordingly, the official notice which was given out on 24th September states that all banks and other financial services providing firms to immediately cease all their services related to crypto trading, converting fiat to crypto, crypto to fiat and crypto to crypto, etc. 

Moreover, any individual who indulges in crypto trading with off-shore crypto exchanges, but presently living in China is also now illegal and against the law. 

Agencies Responsible for New Regulations

Although, it’s well known that these new implementations and regulations are done as many members brainstorming together. Apart from the PBoC, there are nearly ten agencies of the government together. 

On the other hand, the main agencies involved in these new regulations are the Cyberspace Administration of China (CAC), Public Security Bureau (PSB), Supreme People’s Procuratorate (SPP), and the Supreme People’s Court (SPC). 

In spite of all this, it’s quite evident that China is now targeting the criminal aspects of the crypto industry.

On the contrary, it’s well known that judicial and legal entities, Civil entities, and law enforcement entities are on par with these new regulations. 

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‘Side-eyeing Chloe’ Meme Fame Girl Sells NFT in Auction For 25 ETH

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‘Side-eyeing Chloe’ Meme Fame Girl Sells NFT in Auction For 25 ETH
  • ‘Side-eyeing Chloe’ sells her meme as NFT in an auction.
  • Auction started at 5 ETH and finally sold for 25 ETH. 
  • Many meme based NFTs are profusely being sold at high prices. 

The non-fungible token (NFT) industry is quite on the brimming these days. The last few months the market is up drastically. With the passing of each year, the NFT market and the industry is onto new heights as it has ever seen. In addition, many prominent game changing NFTs have significantly thrusted up the industry.

In spite of this, lately a few meme based NFTs have been selling hot cakes in the market. Am for sure that in all social media, this particular meme has been so viral for ages. This is the ‘Side-eyeing Chloe’ meme which has the image of a cute chubby little girl giving a puzzled look expression, which took all the internet to awe.  

‘Side-eyeing Chloe’ NFT

No one in the social media could have passed by without having a look at this meme image. Ever since it got out 9 years back, it’s still being used profusely. The ‘Side-eyeing Chloe’ image took place when the mother, Katie took her two young daughters to Disneyland in 2013.  

However, their mother did not reveal where she was taking the two girls to, as it’s a surprise. On the way in their car, Katie reveals to her daughters where she’s taking them to and films their whole reactions.   

Furthermore, out of surprise Chloe’s sister starts crying whereas Chloe just gave a side eyeing puzzled look with a snout face showing her protruding milk teeth, which was captured by the camera vividly. And so, Katie posted the video on social media, and the rest is history!

The Auction Close-off

In spite of all this fame, now the meme image is being sold as an NFT by Chloe herself. Also, this NFT was sold off as an auction though. 

Besides, initially the price was bid for 5 Ethereum (ETH), which approximate to $15,000. Fortunately, the auction finally closed off at about 25 ETH, which amounts to about a whopping  $74K! 

Furthermore, this NFT was bought by a music production company based in Dubai, called the ‘3F Music’.

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COTI (COTI) Hits New ATH $0.64 – Will it Hit $1

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COTI (COTI) Hits New ATH $0.64 – Will it Hit $1
  • COTI has hit its new all-time high (ATH) of $0.64. 
  • COTI aims to bring a scalable global payment system.
  • Recently, COTI collaborated with Cardano stablecoin hub, Ardana.

The world’s first platform developed for creating price-stable coins is COTI. Today, COTI has hit its new all-time high (ATH) of $0.64. It continuously displaying a bullish signal, if this trend continues then COTI can hit $1.

Furthermore, the first application, that is self-described as a fully encompassing finance on the blockchain is COTI Pay. The ecosystem was developed especially to face all the challenges associated with traditional finance.

More so, the COTI aims to bring a scalable global payment system. It facilitates a faster, more trusted, and affordable payment mechanism. The main advantage of COTI is its simplicity, ease of access, user-friendly environment, volatility, transparency, and so on.

Current Market Status of COTI

According to CoinMarketCap, the COTI price is trading at $0.6375 at the time of writing with the 24-hour trading volume of $836,744,896. In the last 24-hour the COTI price has increased by over 21%. The circulating supply of COTI is 868,672,118.03 COTI.

The above chart depicts a 24-hour price chart of COTI, currently it displaying a bullish sign. Eventually, if this continues without a breakout then traders can expect the hit of $1 soon.

COTI Collaborated with Ardana

The main reason behind the price upsurge of COTI is the latest announcement of COTI that it is collaborating with Ardana. It facilitates stablecoin payments to AdaPay. This means, using their stablecoins, users can purchase things wherever Adapay is accepted. The collaboration will build stablecoin crypto-to-fiat payments to the Cardano network.

Therefore, this might be the major reason for the price surge and the hit of the new ATH. With the forthcoming collaboration, upgrades, and updates we can expect more price gain in the upcoming days, we can also expect that the COTI price will hit $1 soon.

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CowboyZombies About to Launch a Presale: Here is What You Need to Know About the Project

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CowboyZombies About to Launch a Presale: Here is What You Need to Know About the Project

Introducing blockchain technology into other industries has typically had very positive results, and there is still no example of introducing blockchain when any industry got damaged in any way. Gaming, for example, is one of the handful of industries that were extremely open to blockchain technology from the early days, immediately seeing potential in its cheap and quick payments.

This was perfect for microtransactions, ensuring immutable ownership of various collectibles, and alike. It wasn’t long before gaming and blockchain became so well-connected that games started launching on the blockchain itself.

One of the biggest upcoming examples of this is CowboyZombies, a new Shoot-to-Earn game inspired by shows such as The Walking Dead and zombie games like Left 4 Dead.

What is CowboyZombies All About?

As the name suggests, CowboyZombies pitches cowboys in their fight for survival against zombies. The game sets you in 1970, although it gives off a strong old west feeling. In it, cowboys are living their best lives, herding their cattle, hunting deer, and occasionally solving problems like chasing bandits and other criminals.

This all changes when the zombie attack starts, and cowboys are forced to use all of their skills to fight for survival. They have a variety of guns and knives at their disposal, and there are 5 ranks of cowboys and cowgirls fighting against 4 different types of zombies.

The game has very unique gameplay and expertly made UI, created by a team of 7 well-known expert designers. Best of all, it differs from standard Play2Earn games by using a Shoot-to-Earn approach.

CowboyZombies Presale is Coming

The project has plenty of goals to cross off of its roadmap, and the first one on the list is its upcoming presale, which will take place at the beginning of October on DxSale. Following this, the project will start focusing on achieving major listings, such as PancakeSwap, as well as a number of CEXes, in order to become universally available.

It will also see the launch of cowboy and zombie NFTs, as well as an NFT marketplace, NFT zombies battle, and more. At some point in 2022, it will introduce additional CowboyZombies characters, expand its team, launch NFT Farming, and work on its marketing campaign.

The project specified that it aims to focus on the entire world, but it also revealed that it will have a special focus on using influencers for marketing in China. This comes as a surprise, given China’s dislike for cryptocurrency-related products.

However, the project was very clear regarding the fact that this will be only a beginning, and that its goal is to go worldwide, and become a go-to blockchain game for gaming and blockchain enthusiasts.

Furthermore, it will also cooperate with a game studio to create a mobile version of the game. This will allow players to enjoy the game even on the go, which will open up new opportunities to earn while playing, which is becoming a more and more popular concept. The game will, of course, be available on Android and iOS alike.

It should be pointed out that the project is still in its early stages, and it will take some time before it reaches its full potential, as well as the popularity levels that it is pursuing. However, looking at its beautiful designs and a well-planned roadmap, there is little doubt that it will conquer the attention of the gaming and blockchain space fairly easily.

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All Players Earn in CryptoTanks Regardless of a Battle’s Outcome

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All Players Earn in CryptoTanks Regardless of a Battle’s Outcome

The play-to-earn gaming economy continues to grow due to massive public demand.

CryptoTanks, a new game running on Polygon and Binance Smart Chain, leverages NFT technology to empower the players. Bringing a military and shooter-oriented game to the play-to-earn ecosystem is a further expansion of this growing ecosystem.

The CryptoTanks Game Explained

Several play-to-earn blockchain games have proven successful in recent months. Ranging from Axie Infinity to StarAtlas and MOBOX, there is a lot of momentum in the space. Players enjoy the concept of controlling their in-game assets and potentially monetizing them in the future. It is the way video games should be: players control their assets and interact with others through built-in marketplaces to earn passive income.

CryptoTanks follows along the same train of thought, although its game is slightly different. The military theme is a different spin on blockchain gaming, as there is still a limited amount of playable game genres today. However, any game can use blockchain technology and NFTs to empower its players, and there is still much exploration.

The mechanics of CryptoTanks are comprehensible: play the game by using in-game tanks, participate in battles, complete quests, and upgrade machines to increase their characteristics and value. Every in-game item is a non-fungible token(NFT) that players can exchange for real money. As there is no need to buy expensive NFTs to start playing CryptoTanks, the game approaches the free-to-play / play-to-earn level.

Although not everyone will be a fan of the 8-bit gameplay, it is an enjoyable experience and makes it approachable for players of all ages. However, it is worth noting there is tremendous variation in the game, as the scenery will change regularly. Additionally, the game offers multiple game modes, including solo and team-based play. The three game modes can award experience, $TANK tokens or money.

Similarities With Battle City

Upon taking a closer look at CryptoTanks, one can see an overlap with the Battle City game for Nintendo and GameBoy consoles, released in 1985. Certain elements are alike, yet CryptoTanks’s team has added mew locations, missions, tanks, battle modes, decentralized finance and non-fungible token aspects. It is a modern reboot of a cult classic that came out several decades ago.

Through CryptoTanks, players can explore a world of nostalgia while benefiting from new technology development by the cryptocurrecy community. DeFi and NFT introduce new gaming incentives, such as the ability to earn or put in-game assets to work for revenue. Players can still enjoy the iconic 8-bit graphics of Battle City but with a few modern twists. CryptoTanks, as a gamified yield farming project, combines beauty with nostalgia and guaranteed prizes.

What Are The Benefits of CryptoTanks?

Whereas other games would require players to make a significant upfront investment, CryptoTanks takes a different approach. Players can buy NFT tanks from the marketplace. Additionally, players can rent tanks from other players for a revenue share of the winnings. The third option is earning $TANK tokens by playing the game and completing objectives.

The team aims to make CryptoTanks as accessible as possible. The mobile applications for Android, combined with desktop applications for Mac OS and Windows, are a step in the right direction. Launching on iOS would be big, as mobile games are trendy these days. As players earn $TANK tokens for every game played regardless of the outcome, there will always be a way to convert playtime to real money.

The developers plan to introduce more functionality in the future. One of them would make players unique characters with personality traits. Going down that route would create a unique experience for everyone, which is unusual in the gaming industry. Whether that is feasible or not is a different matter. Assuming it is, there will be different types of classes, yet no two players in the same class will have the same experience.

Closing Thoughts

It is interesting to see more game types in the play-to-earn blockchain universe. The majority of current games are fantasy and RPG-themed, yet there are dozens of gaming genres. Combining that genre with blockchain and NFT technology can lead to innovative concepts over time.

If that experience can be made unique for every player, the industry will likely undergo tremendous growth. Developers continue to push the boundaries of what is considered possible. All of these developments will prove beneficial to video games as a whole, even if not all titles will embrace the play-to-earn model.

 

 

 

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