Author: hotcrypto

Is IOTA’s Shimmer of hope another false promise? IOTA announced the Shimmer network on November 21, 2021 … again. And again, it made great fanfare for the launch of something that is nothing. Let’s recap and rewind for two main reasons; one: for many years, IOTA claimed their ternary-based network was far better than blockchain, even in terms of security; two: Shimmer was one of the many promises of 2018, 2019, and still today. It continues being just that, a promise, because it does not yet exist. In IOTA’s own words: “The Shimmer network will be (not is) the official,…

While the market seemingly hopped onto the recovery bandwagon, XRP’s 20 SMA crossed its 50-200 SMA forming a golden cross. Now its technicals flashed mixed near-term signs.    Dogecoin blipped but continued its recovery with increasing buying pressure. Terra, however, noted exponential gains and struck its ATH on 24 December. XRP TradingView, XRP/USDT As we saw in the previous analysis, XRP continued to oscillate in a rising wedge (green, reversal pattern) after the ascending triangle (white) breakout. The alt saw a 21.3% ROI during this phase as it poked its three-week high on 23 December.  Meanwhile, the 20-SMA (red) crossed…

Astroport will allow users to opt between different pool types within a single AMM system while leveraging support for all of Terra’s asset types.The stage is set for the swap and pooling functionality launch, as $1.2 billion in liquidity was successfully migrated from Terra’s DEX Terraswap to Astroport’s smart contracts.ASTRO generators’ dual distribution modelLike many DeFi protocols out there, Astroport has its own governance token–ASTRO.Holders who choose to stake their governance tokens in the ASTRO pool will be granted voting power on matters relevant to the communities surrounding the protocol. This power can be amplified if holders opt for locking…

What happened High-flying cryptocurrencies Chainlink (CRYPTO:LINK), Cardano (CRYPTO:ADA), and The Sandbox (CRYPTO:SAND) all saw significant declines. As of 1:15 p.m. ET, these three tokens had declined 10.5%, 9.2%, and 7.2%, respectively, over the past 24 hours. The declines for these tokens outpaced the broader crypto market, which sank 6.5% over this same time frame. Image source: Getty Images. So what Chainlink, Cardano, and The Sandbox are three relatively unique cryptocurrencies, with unique catalysts. Chainlink is an oracle network, focused on allowing off-chain data to be integrated with blockchain networks. Cardano is a leading proof-of-stake blockchain, seen as a competitor to mega-cap tokens Bitcoin and Ethereum. And The Sandbox…

On August 28, the Bitcoin Cash-based decentralized finance (defi) platform Detoken announced the project is closing its doors on September 4, 2021. The project’s founder, Semyon Germanovich, explained that the main reason for shutting the defi project down is because of the “changing regulatory outlook on cryptocurrency derivatives.” Defi Project Detoken to Shut Down Operations on September 4 In December 2020, Bitcoin.com News reported on the defi platform called Detoken, a project that allowed users to hedge or long their bitcoin cash (BCH) in a noncustodial fashion. At the same time, the firm at General Protocols launched the Anyhedge technology…

The price of Bitcoin (BTC) crossed $58,000, while prices of Ethereum (ETH) and Binance Coin (BNB) were also in the green on November 26, at 9:30 am, as per data from cryptocurrency exchange Coinmarketcap.com. The price of Bitcoin, the world’s most popular coin by market value, was trading at $58,070.63, at 9:30 am, a rise of 0.49 per cent in the last 24 hours. Ethereum registered a rise of 2.49 per cent in the last 24 hours and was trading at $4,433.79, while Binance Coin was trading at $628.83, up 2.88 per cent in the last 24 hours. Tether (USDT),…

Shiba Inu (SHIB) price is a bit stuck between buyers and sellers as bulls are trying to push back above $0.00004000, while bears are trying to trap bulls and get them to be stopped out of their long positions. Three reasons why experts believe Ethereum killers would outperform ETH2.0 As Ethereum heads towards ‘the merge’ or the transition from proof-of-work to proof-of-stake, experts believe Cardano, Solana and Polkadot could outperform ETH2. Bitcoin Weekly Forecast: BTC price provides buy opportunity before ascent toward $110,000 Bitcoin price could be awaiting a major upswing if the digital asset manages to slice above a crucial line…

Bitcoin’s (CRYPTO:BTC) growth during the past decade has started to attract more interest from institutions and big asset managers as a long-term investment. Despite the growth of other cryptocurrencies, such as Ethereum and Dogecoin, Bitcoin is still the largest by value, commanding 40% of the market. But other cryptocurrencies have much greater utility than Bitcoin, especially in the realm of decentralized finance (DeFi), non-fungible tokens (NFTs), and much more. This is causing other coins to outpace Bitcoin, and 2022 could see that trend continue. For those reasons and others, Avalanche (CRYPTO:AVAX) and Solana (CRYPTO:SOL) are two fast-growing cryptocurrencies that are worth buying.…

Tom Luongo is a former research chemist and financial/political commentator specializing in the intersection of geopolitics, financial markets, gold and cryptocurrencies. Publisher of the Gold Goats ‘n Guns blog and podcast at http://www.tomluongo.me and the monthly Gold Goats ‘n Guns Newsletter through Patreon (http://www.patreon.com/goldgoatsnguns) Tom is a veritable OG in crypto writing his first article on bitcoin in July 2010. He is also the editor of Newsmax’s Ultimate Wealth Report as well as a contributor to Financial Intelligence Report newsletters.  His work regularly appears on Zerohedge, Investing.com, and Lewrockwell.com. He lives on his hobby farm in N. Florida with his…

Cryptocurrencies tumbled lower at the end of last week, after being bearish for most of last month, and some of them suffered some heavy losses, such as Litecoin which lost around 60%, while Kadena coin lost more than 70%. There was some heavy profit-taking during that crash, but the decline has stopped this week and cryptocurrencies are trying to decide what to do next.KDA Daily Chart Analysis – Kadena Adding StakingThe Kadena coin went through a major surge at the end of October, and during half of November. It was trading at around 2 back then, before surging to $28.50…