Author: hotcrypto
VeChain (VET) and Chronoly.io are among the much-talked projects in the last few months. While VeChain (VET) has made headlines due to its bounce back from the downfall, Chronoly (CRNO) has stolen all the limelight, owing to its presale success. Chronoly’s presale has been so successful that the value of its CRNO token has soared by more than 560%.VeChain VET Shows Signs of RecoveryLike most other altcoins, VeChain crypto has been in a continuous downtrend since the start of the year. Nevertheless, crypto markets have been experiencing the first significant relief rally since June as the BTC price stabilizes above…
Tether (USDT) Receives a Neutral Rating Sunday: Is it Time to Get on Board? InvestorsObserver This news is republished from another source. You can check the original article here
Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.Lake Geneva, Wisconsin, 21st August, 2022, ChainwireCryft, a BNB Chain project that’s part of the SafeMoon ecosystem, has launched its own gift cards. Cryft Cards enable anyone to give crypto in the form of a virtual card, providing an opportunity to “gift the moon” to friends, family and loved ones.Crfyt’s creation of crypto gift cards is part of its team’s efforts to make digital assets more accessible to beginners, many of whom are unsure where to start. Cryft Cards…
The bear market has been going strong for over 10 months now, forcing crypto prices down. Historically, we know that it will have to end at some point, although when exactly it might happen is still unclear. When it does, however, the altcoin market will start seeing recovery, with some cryptos starting that recovery faster than others.Today, we wanted to check out some of the projects that we believe might be among the first ones to break out once the market allows it. Note that not all of these might not necessarily live up to expectations, but after looking into…
Digestible news on the latest developments across the fields of Web3, NFTs, blockchain, and metaverse in Greater China and beyond, compiled for you every week by Pandaily. This week: Bitcoin mining giant Canaan doubles profits despite China’s crypto ban, Animoca Brands bets big during crypto winter, metaverse jobs disappear as hiring slows across global tech companies, and more. Bitcoin Mining Giant Canaan Doubles Profits Despite China’s Crypto Ban, Shares Up Nearly 1% Chinese crypto mining rig manufacturer Canaan reported 1.65 billion yuan ($246.7 million) in revenue in the second quarter of this year, up 52.8% year-on-year. Shares of the company…
Blockchain analytics firm Santiment says XRP whales printed a three-month high in network activity as the token continues to weather low prices. According to the firm, transactions exceeding $100,000 on the XRP ledger suddenly skyrocketed to levels not seen since May. “XRP is seeing notable whale activity, as well as high optimism, in Friday’s closing trading hours. We’ve picked up a spike of $100,000+ XRP transactions that hasn’t been equaled since May 13th. Additionally, sentiment is at its highest since April.” Source: Santiment/TwitterSantiment also says that the term “rekt,” a satiric misspelling of “wrecked” often used to describe traders suffering…
DeFi crypto projects offer features that are distinct from traditional financial institutions and centralized exchanges. Through the use of smart contracts or other forms of innovative technology, DeFi coins will ensure the seamless transfer or swapping of crypto tokens between users. They may also offer users loyalty rewards, such as staking solutions and yield farming. Due to the extensive variety of features they offer, DeFi coins have become popular around the world. They are one of the most rewarding investments for any crypto trader. If you’re like most traders on the cryptocurrency market, you’ll be looking for the best DeFi…
The decentralised finance (DeFi) sector has revolutionised the cryptocurrency market as out of it have come some of the most valuable crypto coins. DeFi coins have made millions for their buyers, thereby increasing the interest in the crypto space. Among those valuable DeFi coins are Chainlink (LINK) and Dai (DAI); these DeFi coins have performed very well with unique usabilities that helped cement their mainstay DeFi statuses. HachiFi (HACHI), however, is also predicted to be successful. How Chainlink (LINK) Became So ProfitableThe success of Chainlink (LINK) cannot be doubted as it is the no. 22 crypto with a market capitalization of…
Cardano’s ADA went through quite a challenging and FUD-filled week recently. The cryptocurrency had started gaining some upside after weeks of subdued performance. However, the FUD around a bug found on its testnet weighed heavily on ADA, in addition to the bearish conditions last week. ADA tanked by roughly 25% during the week as a consequence of the aforementioned factors. While the FUD revolved around some testnet issues, it did not have a direct impact on Cardano’s mainnet. The latter is still on track to launch its next major upgrade named Vasil. However, delay concerns may have also contributed to…
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice Underpinned by a risk-on broader market and Bitcoin’s succession to new heights, smaller rival Bitcoin Cash has maintained a consistent uptrend over the last 3 days. In fact, BCH recorded a percentage increase of 16% during this period, lining up six consecutive green candles for only the second time in over a month. There was even the potential for another 20% should BCH close above the confluence of its value high zone, 61.8% Fibonacci level, and an upper sloping…