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Top 3 Most Voted Coins for the Day

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Top 3 Most Voted Coins for the Day

Crypto industry is gaining more power, influencing millions of individuals to be a part of the digital world. With its unique features and digital services it has built a strong user base and many new followers. Besides, the Altcoins are the game changers and accounted for nearly 60% of the total crypto market. 

Besides the risk and challenging factors of the digital market, users are investing their assets on many new coins. They show a lot of interest in buying their favorite coins and thus becoming a part of the crypto community. 

Among the other altcoins, the below listed top 3 altcoins are chosen as the most voted coins of the day, according to CoinGecko. 

1. PancakeSwap (CAKE)

CAKE is the native token for PancakeSwap decentralized network which serves the users to trade digitally on their exchange. It is popularly called as an automated market maker (AMM). Moreover, CAKE coins provide its supply in an unlimited range grabbing the interests of large users in the marketplace.  In addition, PancakeSwap’s governance token is a BEP20 token which acts as an incentive for the liquidity provision to the platform. 

According to CoinGecko, the PancakeSwap holds the price of $19.18 with a surge of 0.9% in the last 24 hours. Also, the CAKE coin records a huge circulating supply of 230 million with an infinite total supply. 

2. Chromia (CHR)

CHR is the standard currency of Chromia public blockchain network which is launched in May 2019. The CHR token empowers the Chromia platform by enhancing a beneficial connect between the users, developers and investors. Moreover, dapps pay their hosting fees in CHR tokens or can store these CHR to peg their own tokens.

As per the CoinGecko data, the current value of Chromia is $0.325547 with a massive circulating supply of 570 Million CHR coins. At present CHR is an ERC20 token which will then convert to native after Chormia mainnet launch.

3. Avalanche (AVAX) 

AVAX is a scarce asset which is the native token of Avalanche, fastest smart contract blockchain platform. Further, the main function of AVAX is to protect the network through staking process. Besides, AVAX tokens are utilized to pay fees and provide a basic account for various subnets on the Avalanche platform. 

According to CoinGecko, the present market value of Avalanche is $57.74. As per the record, it delivers the circulating supply of 220 million AVAX coins and a total supply of 378 million. In addition, to increase the trading volume, AVAX smartly extended its trading pairs across all the venues. 

Thus, altcoins are booming up in the market intending to be a huge part of the cryptocurrency space. Investors are ready to face the risk and very eager on digital currency investments. Through this, the altcoins community will deliver massive changes in the  crypto industry by the end of 2021.

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Top 3 Metaverse Coins to Watch Out in December

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New Survey - Video Game Developers Will Consider NFT, DeFi, and Play to Earn
  • A social-integrated Avatar NFT was launched by Torum SocialFi.
  • Sidus NFT Heroes is the first MMORPG based on the Ethereum blockchain.

Here are the top 3 metaverse coins to watch in December.

MetaVPad allows users to join initiatives that will build Metaverse’s infrastructure and early pioneers. The MVPad token is the key. In addition to early access to token launches, hefty staking payouts, and a chance to participate in a unique Metaverse stakedrop. Furthermore, staking tokens unlock a tier and all the benefits that come with it. Moreover, the user moves closer to the Metaverse’s heart the higher the tier.

MetaVPad is a Metaverse-focused Incubator and Launchpad that helps feed, refine, and supercharge projects. Furthermore, it aims to power the future social networks, blockchain-based Metaverse infrastructure, standardization and interoperability protocols, non-fungible token initiatives, the next generation of networked games, and more.

Torum (XTM)

Since the eruption of the NFT sector, Torum has led the social side of this burgeoning business with its Huobi-backed SocialFi platform and ecosystem.

A social-integrated Avatar NFT was launched by Torum SocialFi, after a strategic investment from Huobi Ventures in August 2021. Moreover, the Web 3.0 ecosystem has everything, from a social networking platform to a yield farming center for DeFi gamers to an NFT marketplace for crypto artists.

Sidus Heroes (SENATE)

Sidus Heroes is the first Ethereum-based MMORPG featuring Open World gameplay similar to Grand Theft Auto or Cyberpunk at Universe. Furthermore, play-to-earn NFT gaming with NFTs, metaverse, and the finest visuals ever is projected to be the future. An NFT world with a range of goods and services, SIDUS NFT Heroes is a unique NFT endeavor.

SIDUS HEROES closed beta will be published on January 10, 2022. This version is just for owners of NFT Heroes NFTs from the Genesis collection.

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Total Stablecoin Supply Surpasses $150 Billion in November

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Total Stablecoin Supply Surpasses $150 Billion in November
  • The most widely utilized stablecoins are dollar-pegged.
  • Stablecoins made it easy to transfer funds between crypto exchanges.

Stablecoins are crypto-equivalent to fiat currencies like the dollar or the rupee, and it had to be something that could consistently retain value over time and be readily transferred. For example, a system allows Bitcoin investors to convert their Bitcoin earnings to dollars immediately and subsequently invest or withdraw them to their bank accounts. So the stablecoin was created to overcome these difficulties.

Stablecoins are fantastic for trading since, unlike stock markets, crypto trades 24 hours a day, seven days a week. Suddenly, investors could ‘cash out’ and go to bed without worrying about their crypto investments. Stablecoins made it easy to transfer funds between crypto exchanges and avoid lengthy banking processes.

Stablecoins also allowed investors to maintain a portion of their crypto portfolio like cash, allowing them to buy whatever coin they wanted without relying on their banks’ servers, which were known to go down for maintenance.

Dollar-pegged Most Widely Used

Already valued at roughly $130 billion, the stablecoin market has doubled in the previous 20 months. Stablecoins are used in crypto trading and lending. Over 75% of all crypto trading platforms traded between stablecoins and other tokens in October while only making up 5% of all crypto assets. Stablecoin supply reached $150 billion in November, according to CryptoRank.io.

Because of the present financial system, the most widely utilized stablecoins are dollar-pegged. Many stablecoins are tied to other fiat currencies like the Euro, GBP, IMF’s SDR, commodities like gold, or even other cryptocurrencies such Wrapped Bitcoin.

Tether, for example, was created in 2014 as RealCoin. Tether’s supply is limited solely by declared dollar reserves.

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Elon Musk Joins To Alert Dogecoin Holders Regarding Leveraged Trading

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Elon Musk Joins To Alert Dogecoin Holders Regarding Leveraged Trading
  • Elon Musk warns Dogecoin holders regarding leveraged trading.
  • The newbies in the crypto industry should be aware of risks in trading.
  • The current price of DOGE is 72% lower than its ATH.

The whole crypto industry is fond of Elon Musk’s tweet on cryptocurrencies. Twitter users have a great talent for connecting tweets of Musk with the crypto space. Thus, if Musk tweets every trader will admit that he has posted regarding cryptocurrencies or meme-currencies. His support for meme-currencies was the trend for the past few days which significantly resulted in a huge gain for meme-tokens.

As a matter of fact, the crypto market faces many dangers and issues on leveraged trading. Likewise, Elon Musk, CEO of Tesla has warned the dogecoin holders by replying to a tweet posted by Mishaboar. The tweet mentions the hazards and disadvantages of leveraged Dogecoin trading, this has collected the attention of users.

After their margin accounts were liquidated, several meme cryptocurrency holders began seeking aid, according to Mishaboar. As a result, he emphasized the importance of educating individuals about high-risk leveraged trading, equating it to throwing gasoline on a fire.

Moreover, he also mentioned that early investors shouldn’t be fooled by their buddies to make them think that “gambling” is an integral part of crypto. Besides, only professional traders could take their turn at margin trading, according to the prolific member of the Dogecoin network. But the fact is, they are still left out to outperform major institutional players.

Dogecoin Is Dipping

At the time of writing, the trading price of DOGE is $0.20057 which is 72% lower than its highest price value at $0.7315 in mid-May. Since then, Dogecoin has been experiencing a sell-off which has resulted in a gradual price fall. As per Coingecko, Dogecoin has dropped to 3.8% within the last 24-hours and 14.5% down in a week. 

Furthermore, according to the data from Coinglass, in the past 24-hours, $1.88 million worth of Dogecoin yearns have been liquidated. The market experiences more regulatory scrutiny where Binance and FTX were compelled to drastically cut maximum leverage earlier this year. However, there is still a slew of trading platforms that allow clients to place incredibly dangerous trades. As a result, Musk urges his followers to be aware of risks in leveraged trading.

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