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Top 6 Altcoins Traders Should Bet This Bull Season

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  • The price of ETH has dropped by nearly 2% to $4,112.
  • Bitcoin has lost over $5,000 in a single day.
  • Cardano prices have dropped roughly 3 per cent to $2.16.

Two days after the launch of the first bitcoin futures marketplace fund in the United States. Bitcoin fell from its all-time high, causing cryptocurrency values to collapse, which has continued into today. Bitcoin has lost nearly $5,000 in one day, whilst Solana has gained approximately 10% since the previous trading day.

It is now trading for $4,112 per token, a decrease of approximately 2 percent. Compared to the previous day, Cardano prices have dropped roughly 3 percent to $2.16, while dogecoin values have dropped 3 percent to $0.24.

Although Bitcoin (BTC) has just reached new highs and has experienced other swings. Crypto analyst and trader Michal van de Poppe is optimistic about the future of various alternative currencies (altcoins).

He explains his most recent analysis on Chainlink’s native assets in a new strategy session, which marks the beginning of the new planning session for the prominent trader (LINK).

At this point, I believe that Chain Link will still be in the field of concern if interested in taking a strategy on this one.” The way I see it, everything is perfectly OK; it’s just waiting for the right moment to explode.“

Traders’ attention now turns to the Curve DAO Token (CRV), the asset that drives the automatic market maker protocols of the same name.

The currency, he predicts, will move sideways in the short future before making a significant breakout.

In his opinion, the Curve has been witnessing a nice retest, a lovely structure in which we will most likely see continuing toward opposition here, before some minor comprehensive and multidimensional phases into the area here. Then we will break out at some point later on.

Next, Van de Poppe examines the Skale (SKL) decentralized internet protocol suite (DApp), a decentralized application (DApp) protocol that intendss to aid developers in avoiding Ethereum congestion issues.

The SKL, according to him, will begin to rise by the end of the month next.

In the following section, Van de Poppe examines the charts for The Graph, a decentralized Blockchain Indexing Service (DBIS).

THORchain (RUNE), a decentralized cross-chain liquidity protocol expected to post a higher bottom. Signaling that yet another upwards surge is in the works, according to the cryptocurrency researcher.

Especially in the case of supply network VeChain (VET), van de Poppe says he’s sticking to his prognosis from early October, anticipating that the coin will go below at least 0.00000149 BTC  before a long-term rally can begin.

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4 Cryptos that Outperformed Solana (SOL) in 2021

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Bitcoin and Ethereum Repeat 2017 Retest Period! Bull Run on the Cards?
  • Solana (SOL) performance for the year 2021 was not so remarkable as others.
  • Axie Infinity (AXS) tops by gains of 21,500% for the year 2021.
  • Followed by Sandbox (SAND) are Ethereum (ETH), and Bitcoin (BTC). 

Upon a debate, we cannot just simply state that Solana (SOL) performed badly for the year 2021. However, one could put it up as SOL did not perform as well as many other cryptocurrencies indeed. 

Accordingly, SOL overall surges for the year 2021, amounts to about 11,770%. Yet, there are four other cryptos that outperformed SOL evidently. 

Axie Infinity (AXS)

Apart from being the world’s most loved blockchain game, the Axie Infinity (AXS) has topped the charts up to the highest gains and performance for the year 2021. Accordingly, the AXS has gained so far a whopping surge of 21,500% for the past year. 

The epic reason may be in terms with the pandemic as all were restricted and so the number of players increased upon the platform like anything. At present, the price of AXS stands at $138.04 at gains of 2.98%.

Sandbox (SAND)

Besides being more than just a complete virtual world, the Sandbox (SAND) surprised the entire crypto industry with amazing surges in recent months. In addition, the SAND overall gains for the year are about 12,300%. 

Also, the SAND plays a huge deal with the NFTs and gaming platforms too, all sourced from its virtual world. 

Ethereum (ETH)

Being the top altcoin obviously needs a topping performance. Accordingly, the Ethereum (ETH) has spiked to about 150,000% since its launch. Many factors and hype for the ETH-2 all surrounding ETH, plays a prominent role in the surge of ETH. 

Currently, ETH trades for about $4,672.54 at a 24 hours gains surge of 8.87%.

Bitcoin (BTC)

So far so true, nothing can go beyond the king of the cryptocurrencies, the Bitcoin (BTC). BTC accounts for gains of 70,000,000% ever since its initial launch. Taking a look back BTC first started off with a price of $0.08 in 2010.

From there, right now, BTC stands at $58K predominantly. However, for the year 2021, BTC has only gained about a 100% surge.

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BNBMatrix Releases Yield Farming Dapp on BUSD: BUSDMatrix

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BUSDMatrix

Today, we will talk about one of the most important things you should be thinking about and researching right now: crypto and the blockchain – and specifically, yield farming. Now, why do you think that this is so important? Cryptocurrency is going to forever change the way that we interact with the world and the Internet. Plus, what blockchain is really introducing is a revolution of sovereignty (Source: IN Groupe). It is certainly going to put the power back in your own hands. Many feel that this may be the single greatest moment of wealth transfer that any of us are going to live through.

If you, too, want to become a part of this revolution, now is the time to jump into the decentralized finance (Defi) scene and invest in yield farming. Since the summer of 2020, yield farming has been on fire. Many crypto investors have turned to yield farming to make even more profits with their capital.

What is Yield Farming?

Many people use terms like yield farming, liquidity providing, and staking interchangeably, but there are differences in what they mean and how much money you can make. Staking refers broadly to the rewards that you get through the validation process of a proof of stake. Blockchain staking and yield farming are similar in the sense that they allow investors to earn a return on their assets. However, yield farming is a bit more intense, meaning, it has the potential for a higher return for a crypto investor.

Here you are doing more than just putting your held coins in a stake pool to help facilitate transactions. Instead, you are allowing your coins to be used to facilitate transactions in a decentralized exchange. Decentralized exchanges are the decentralized apps (Dapps) on decentralized finance (Defi).

Let’s talk about the best decentralized app (dapp) for BUSD yield farming.

Introducing BUSDMatrix

BUSDMatrix.io is the latest venture by BNBMatrix. This platform is a smart contract on Binance Smart Chain (BSC) for BUSD Yield farming. It is a high-yield generating smart contract that promises 119% to 234% return on investment (ROI). The best part is that you can make a minimum deposit of just 5 BUSD!

Key Features of BUSDMatrix

Here are the highlights of BUSDMatrix:

  1. High Profit – BUSDMatrix gives stable high yield percentages of 7.8% to 17% on daily deposits based on a period of 7 days to 30 days.
  2. Safe and Secure – BUSDMatrix is a safe and secure smart contract that has been audited by HazeCrypto.
  3. 24/7 Customer Support – BUSDMatrix has a 24/7 customer support staff that you can contact via live chat on Telegram and social media accounts.
  4. User-friendly – BUSDMatrix offers a simple layout and design to make it easy to understand the platform.
  5. Referral Program – BUSDMatrix has a 5-level referral program for users to generate extra income.
  6. Supports Multiple Wallets – BUSDMatrix supports 64 different decentralized wallets on mobile browsers, and 4 on desktop browsers.
  7. Quick Deposit and Withdrawal – BUSDMatrix has a fast deposit and withdrawal processing. You won’t have to wait a long time to deposit or receive your money.

1638286026 107 BNBMatrix Releases Yield Farming Dapp on BUSD

Conclusion

Yield farming can be a great way to earn more money on the crypto that you plan to hold long term. Many people think yield farming is too risky, but it is actually a stable way of earning passive income. If you are looking for a yield farm that promises high profitability, then BUSDMatrix.io is the one. So, get ready to deposit your BUSD on this yield farming dapp to generate a high income!

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White Whale Releases Details on Flash Loan Architecture

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White Whale Releases Details on Flash Loan Architecture

Let’s break it down. Simply put, a flash loan is, as the name implies, a loan that is opened and closed in a very short amount of time. More specifically, it is opened and closed in the same transaction. Flash loans are used to execute atomic trades that either capitalize off of inefficiencies in the market or provide some other functionality to the borrower. Atomic trades are trades that can be finalized in one transaction and almost all on-chain arbitrage falls under this category. By now you hopefully realize how powerful this financial instrument can be. But with this power comes responsibility.

While White Whale is said to be the first to roll out flash loans on Terra (and the whole Cosmos!), a number of protocols already offer it on Ethereum. The sometimes bad connotation linked to flash loans is caused by a number of exploits that happened on Ethereum in which hackers used this tool to do so-called re-entrancy attacks.  Fortunately, CosmWasm (the smart contract language of Terra) is designed to avoid this kind of attack. When comparing CosmWasm to Ethereum’s smart contract language the developers state:

“A big difference is that we avoid all reentrancy attacks by design. This point deserves an article by itself, but in short, a large class of exploits in Ethereum is based on this trick .”

And,

“Cosmwasm avoids this completely by preventing any contract from calling another one directly.”

These precautions enable White Whale to provide this service without having to worry too much about other protocols being exploited.

To really understand how all this works, let’s look at, and briefly unpack the White Whale flagship vault. The UST vault allows users to deposit UST into the vault in a simple, single-step process. The total liquidity in the UST vault then acts as a general-purpose liquidity pool with a series of in-house arbitrage strategies. The first of which is all about keeping the peg. There are also other strategies in the works, such as exploiting price inefficiencies among multiple exchanges, as well as automated liquidations on Mars and Levana. All of these strategies make the ecosystem more stable and efficient, and they all use the liquidity of the UST vault.

These strategies bring us back to flash loans: when any of our bots detect a profitable arbitrage opportunity, the smart contract linked to that strategy will ask for a flash loan from the UST vault. The UST vault will then withdraw the UST from Anchor protocol (where it is yielding a comfy 19.5% while idle) and provide the contract with borrowed money to execute the arbitrage. After the arbitrage, all funds are returned to the vault. This is how we plan to provide Anchor+ yields.

A question that has been raised, is this – what if the trade didn’t make a profit? Or what if the borrower just doesn’t repay the loan? Various mechanisms have been put in place, to ensure depositors don’t get rugged. First, when a flash loan is requested, White Whale saves the total value of the vault. Then funds are sent out to the borrower (i.e. the arb bot) for them to execute the trade. What has been added is a callback at the end of the program which can not be altered, and is guaranteed to execute.

After whatever the borrower has executed the trade, that callback is executed. The callback is essentially step two. It re-calculates the value of the vault and compares it with the initial value before the loan. If this amount is smaller than the initial amount it throws an ERROR and reverts the whole transaction, aka the flash loan. The transaction then fails and it’s like nothing ever happened. Effectively this means that the flash loan will only execute if it pre-determines a profitable result, otherwise, it will cancel itself.

Long term, there will be a whitelisting process for the community to build bots to onboard through on-chain governance and utilize the White Whale flash loan architecture. The community will be able to decide which bots will benefit and secure the ecosystem and vote to whitelist them. There will of course be a small fee (the borrowing cost of the loan) which will automatically get distributed to the depositors.

In order to ensure security for this complex and innovative architecture, White Whale has already scheduled multiple audits with some of the most highly respected auditors in the industry. The foundation has already been built,  and now the focus is about getting the tools into the hands of our community, empowering them to protect the peg and stabilize the ecosystem.

 

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