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Shiba Inu (SHIB) Still Trending on Social Media But Prices Faces Consolidation

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Shiba Inu (SHIB) Still Trending on Social Media But Prices Faces Consolidation
  • Whales are buying the meme-based coin.
  • The prices remained stable and did not decrease.

On-chain data from Santiment suggests that the fuel tank for another big move may have been depleted. Still, the social volume and overall attitude about Shiba Inu remain very favorable and robust.

In contrast to social media indications, the market data from SHIB does not seem to be increasing in lockstep with them. In the last week, the token’s trading volume on Binance exceeded 11 trillion tokens. Compared to a prior week when it was close to 200 trillion tokens.

Investors Still Interested

Positive social volume may imply that traders and investors are still interested in the token’s future. But not prepared to support it financially. SHIB, a cryptocurrency that has lately surpassed Bitcoin, Ethereum, and Dogecoin in terms of social media popularity. Has received much attention from investors who still believe in the coin.

According to earlier reports, whales are buying the meme-based coin and placing their bets on its growth. Prices very likely rose on October 11 as a result of the tremendous amount of purchasing power displayed.

Shiba Inu SHIB Still Trending on Social Media But Prices
SHIB/USDT: Source: TradingView

This is a 19 percent decrease from the previous high of $0.00003563. Following a period of extremely high open interest in SHIB futures, the open interest in SHIB futures has also decreased significantly. In spite of the fact that most traders pulled their money out of meme derivatives, their prices remained stable and did not decrease.

According to CoinMarketCap, the SHIBA INU price today is $0.000027 USD with a 24-hour trading volume of $2,524,119,478 USD.

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Blockasset Announces BLOCK Public Sale, Rekindles Athlete-fan Relations in Post-pandemic Space

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Block Token

Sports NFTs are getting an upper hand, sent by closely-knit communities around sports stars, teams, and leagues. The big “calling” for fans is how they can get closer to their favorite athletes, collaborate with them and even have an impact on some of their decisions. Blockchain is the enabler for all of this, and Blockasset is what blockchain looks like when it’s an adrenaline-pumped fan shouting “LET’S GO!!!”.

Aiming to connect star athletes and clubs with their fans via cutting-edge tech, Blockasset sets up collaborations with major sports celebrities, builds a community of fans and fan-vestors, and brings real utility to NFTs, fan tokens, and $BLOCK – the staple token of the platform.

What are the benefits for athletes, fans and investors?

Blockasset offers an effective way for famous athletes to launch their personal NFT collections and boost a network effect across the energized user base.

This model has already stood big with many wins to be proud of. On two occasions, the NFT collections broke the sales records on Solana: when Giorgio Chiellini rolled out his “Gladiator” set in July and when “Legends” NFTs dropped in the first week of November. Legends brought together 5 famed athletes, trooping Muhammad Ali and Alexander Ovechkin. All fungibles got snatched within 9 minutes, grossing $5 million in sales.

Fans are ravished with unique real-world perks and rewards, such as Discord servers VIP membership, signed merchandise, draws for exclusive merch, as well closed-door AMAs with athletes and even in-person meet-and-greet events. Uncovering the immense power of the “collaborative economy”, Blockasset lets users participate in fantasy leagues with athletes, and influence their decisions about signings and other joined projects. This is how users are incentivized to accumulate tokens for their needs and keep active within the ecosystem.

Those wishing to invest in sports, too, get to have a unique suite of sports-focused assets. It’s not even disruption, but just “ruption”, as new investors are drawn into the space with anti-inflationary and uniqueness that NFTs have. Onboarding has been made easy: and users can easily purchase $BLOCK with fiat. With sports platforms like Blockasset, early adopters get the chance to leverage the potential of the nascent sector – before the majority of fans and collectors even get a whiff about the new opportunities that mix up a fervor of pro sports and innovation.

$BLOCK: internal token with embedded utilities

The community is king, while, when it comes to technologies, utility is the queen. $BLOCK is an internal utility token that opens access to all features and functionalities on the platform. The virtuous cycle pushes up the price of $BLOCK with users constantly staking and using the token.

Holders of $BLOCK may stake the token to receive a steady stream of ASSET – another token used to access specific features within the ecosystem. At the same time, those paying with $BLOCK at the internal NFT marketplace will enjoy significant discounts.

Besides that, $BLOCK is used for platform governance, such as taking decisions on where the platform would go feature-wise. In contrast to general-purpose NFT marketplaces, users can also vote on various aspects relating to their favorite athletes: for instance, what music they play at specific events, and which NFTs they present there.

Play-to-earn, yet another feature powered by $BLOCK, will roll out in Q2 2022, boosting the engagement and interactions among fans, investors and sports celebrities even further. The project’s whitepaper envisions independent universes of games and NFTs developed by specific companies and clubs, all under the aegis of Blockaccess.

According to the platform’s representatives, the public sale of $BLOCK will take place on December 9 on DaoMaker, Solanium and Raydium. The sale will offer only 3.84 million tokens for purchase out of the total supply of 320 million.

More interest towards segment-specific NFTs

Investors are starting to pay more attention to NFTs that focus on specific segments, such as sports, music, gaming. This is understandable as the industry discovers the potential use cases, and the markets get more and more segmented. Sports is clearly among such niches, and Solana-based projects are leading the way thanks to the lower barrier to entry and easier interactions.

The community will continue to discover various ways to leverage the power of $BLOCK through leaderboards, NFT trading and staking, play-to-earn, and supporting initiatives by athletes. With more use cases comes the potential for sustainable upward price dynamics.

Don’t miss the boat on this amazing project, and consider taking part in the $BLOCK public sales on December 9. Readers can find out more information at the official website and follow Blockasset’s Twitter account – some serious buzz is happening there.

 

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EuroSwap EDEX Presented the Team and Went Straight Into the Main Development Phase

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“We wanted to change Europe for a new digital world. The support of our project by so many people proves that Europe is ready to take this global step”.

Austin Welsh – CEO & Co-Founder of EuroSwap EDEX

Few crypto projects today are so punctual and responsible to their community. EuroSwap completed the very first stage of the project’s development, keeping its word on every step of progress. The final chord in the completion of Priority Session was the introduction of the project team. Getting to know the organizers, developers and top managers of the project was excellent. The EDEX leadership team was warmly received by the community.

The founder of the project was a Briton Austin Welsh, a graduate of the IET Engineering University in Britain, who worked at BACS, one of the largest financial companies in the United Kingdom. The company has been involved in the development of payment systems throughout the UK for about 50 years. This experience will certainly help in the development of the project, which is going to become a European “bridge” between crypto and the euro. Mr. Welsh reportedly developed his first digital program at the age of 13 – just a year older than Elon Musk did – and he hasn’t stopped building projects and companies since.

Mr. Welsh’s right-hand man is Frenchman Daniel Moreau, who is Chief Financial Officer and responsible for developing the commercial component of the EuroSwap EDEX project. According to the developers, the project was initially supposed to be just another decentralized exchange with a small advantage over competitors. But it was Daniel who proposed to create the first DEX with the connection of the euro fiat gateway. Since then, the project has evolved into a digital phenomenon. With a background in banking with technology & telecoms clients, Daniel is leveraging his experience to set the financial strategic objectives for EuroSwap next phases of growth.

Swedish Nathan Pierson is responsible for global marketing. Nathan is a seasoned blockchain marketing professional, as well as a crypto enthusiast and trader since early 2017. Coming from another Layer 1 DeFi project, Nathan brings a wealth of knowledge on the marketing trends in the space.

The presentation shows that the EuroSwap team is international, drawn from many European countries. This adds to the project a global vision and makes EDEX a truly large-scale European DEX exchange with a link to the euro.

The journey of the Priority Session phase

The public development of the EuroSwap EDEX project began a month ago on November 06, 2021. Everything began with the fact that the developers made publicly available a fully working technology of the EDEX smart contract, which will form the basis of the future DEX technology. The team did all the necessary tests on the BSC network and submitted the technology to the audit companies. The project expects an audit decision in very early 2022, and that will be another big confidence boost. In the first weeks, the project submitted a test Swap to exchange the first BUSD / EDEX pair. This further confirmed the technology’s readiness to process smart contracts.

After the MVP of the project was submitted, the developers started to raise investments for further development. In fact, they launched a startup on the ready-made BSC contract system and invited the so-called Business Angels – participants of the project’s early venture investment stage – to participate in the project. The investors were offered favorable conditions for participation, as well as large shares of EDEX digital bonds, which guaranteed participation in the company’s profits. Thus, the EDEX project attracted more than 500 Business Angels in just one month.

EuroSwap created information zones on the majority of media platforms: Telegram, Twitter, YouTube, Medium, Reddit. The project ran a large-scale promotional campaign in major media outlets. It attracted the attention of hundreds of thousands of Europeans, and about 10,000 subscribers already follow the project’s social networks.

EDEX starts a new stage of development with a huge speed

This weekend the Priority Session was finished and started the main stage of EDEX token distribution. Now the team will focus on improving the security and credibility of the project. They started the new phase by introducing the main members of the project team. And that decision opens the door for them to apply to be added to Coinmarketcap Calendars & CoinGecko lists. If EDEX appears on even one of these lists, it will mean that the project has undergone a rigorous compliance review by fundamental crypto market analysts.

The main argument in favor of early participation in the EuroSwap EDEX project can be the unique Early Staking with rewards of up to 150% p.a. This means that any EDEX token holder will be able to earn extra income even at the Early Staking stage. The developers state that this tool will be fully available as early as January 2022. Until then, the project is expected to see several more gradual price increases. At this stage, early transitions to the next phases of development are possible, if demand greatly exceeds supply. In total, less than 15% of the entire 746,000,000 EDEX token issue is allocated to EDEX Early Sale. About half of that volume has already been received by EuroSwap Business Angels.

Read more about EuroSwap EDEX:

Website: https://euroswap.io
Swap BUSD/EDEX: https://app.euroswap.io
Telegram: https://t.me/euroswap_io
Twitter: https://twitter.com/euroswap_io
Reddit: https://www.reddit.com/r/EuroSwap_EDEX/

Learn more about EDEX: https://beincrypto.com/euroswap-token-sale-bridge-between-euro-and-cryptocurrency/

Media Contact –

Name – Thomas Kindake
Email – [email protected]
Company – EuroSwap EDEX
Website – https://euroswap.io

 

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Beyond DEX: The Future of Crypto Trading on Solana Is Called Secretum

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Crypto asset trading has continued to skyrocket in 2021, hitting new and unprecedented records:

  • Volumes reached $3.8 trillion in April 2021 when bitcoin hit its all-time high.
  • Between August 2020 to 2021, the traded value on large decentralized exchanges (DEXs), like Curve, Uniswap, and PancakeSwap grew by about 550%
  • Major centralized exchange (CEX) Binance’s spot cryptocurrency trading volumes totaled $789 billion in September, versus $454 billion (€390.7 billion) in July, while derivatives volumes jumped almost 25% to $1.7 trillion.

DEXs have been gradually grabbing market share  from CEXs:

One of the major drivers of this trend is the perceived superiority of DEX on many fronts:

  • DEXs replace a centralized authority with automated protocols that enable trading and direct swapping of tokens, while CEX users give up control of their assets to the exchange’s servers.
  • DEXs provide the user full control of their assets, eliminating jurisdictional constraints, and negating the need for KYC procedures.
  • DEXs generally have lower trading fees compared to CEXs.

Despite their ongoing success, DEXs are still affected by a series of significant challenges.

Moreover, DEXs have been the subject of a growing number of cyber thefts and hacks:

  • In March 2021, the DODO DEX experienced a smart contract hack, with the attackers stealing approximately $3.8 million in cryptocurrency.
  • In August 2021, hackers stole more than $600 million of digital tokens from the Poly Network DEX.
  • Half of all crypto hacks in 2020 originated from DeFi protocols and DEXs.

DEXs have not been able to solve the many security challenges of CEXs. As the crypto trading sector continues to expand, there is a strong market demand for a definitive trading solution – one with all the advantages of DEXs, without its weaknesses. This solution is about to come to market, and its name is Secretum.

Secretum: Crypto Trading, Reinvented.

Secretum is the world’s first and only fully decentralized, encrypted, and secure trading DApp built on the Solana Blockchain. The major innovation of Secretum is enabling the trading of all crypto assets (fungible and NFTs) directly between users, via a hybrid messaging + trading function. The defining features of Secretum are a game-changer for crypto trading.

  • A secure and anonymous sign-up process, which only needs the user’s crypto wallet address – no emails, names, or other personal data.
  • An easy, intuitive, and purely P2P trading interface to send and receive cryptocurrencies and NFTs.
  • A unique search function to locate the owners of specific NFT assets, enabling two parties to connect to each other solely via wallet address and trading.

Secretum’s advantages over DEXs are significant:

  • No risks of sensitive data leaks and full protection of the identity of crypto-asset owners. All data is stored on the independent and verified nodes in the Secretum network, with no central point of failure.
  • Record low fees and almost instant trades, thanks to Solana’s capability of 50,000 transactions per second and an average cost per transaction of only $0.00025. This compares favorably to the 1% to 0.3% + gas fees usually charged by DEXs.
  • Traders are able to contact each other directly and find hidden liquidity in crypto markets – improving execution times and prices.

1639044912 548 Beyond DEX The Future of Crypto Trading on Solana Is

Secretum is ready to unleash its platform at a time where major DEXs are reaching valuations well into the billions of dollars:

As crypto trading continues to grow, hacking attacks and cyber theft will become an even larger threat in terms of frequency and size. Investors will therefore highly value a superior trading and private messaging platform with unrivaled security features. By leveraging the power of the Solana Blockchain to offer unique benefits to crypto traders, Secretum is positioning itself to be that platform. Secretum litepaper.

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