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ONE Price:
$7.2 M
All Time High:
Market Cap:
$0.3 B

Circulating Supply:
Total Supply:
Max Supply:


The price of #ONE today is $0.020 USD.

The lowest ONE price for this period was $0, the highest was $0.020, and the exact current price of one ONE crypto coin is $0.02039.

The all-time high ONE coin price was $0.38.

Use our custom price calculator to see the hypothetical price of ONE with market cap of BTC and how the supply of ONE affects the price at different market capitalizations.


The code for Harmony is #ONE.

Harmony is 5 years old.


The current market capitalization for Harmony is $284,462,011.

Harmony is ranking upwards to #196 out of all coins, by market cap (and other factors).


The trading volume is big today for #ONE.

Today's 24-hour trading volume across all exchanges for Harmony is $7,173,386.


The circulating supply of ONE is 13,952,460,235 coins, which is 98% of the total coin supply.

Relatively, Harmony has a large supply of coins, 634 times larger than Bitcoin's supply, for example.


ONE is the native coin for the Harmony Shard 0 blockchain.

View the full list of Harmony Shard 0 blockchain tokens.


ONE is integrated with many pairings with other cryptocurrencies and is listed on at least 28 crypto exchanges.

View #ONE trading pairs and crypto exchanges that currently support #ONE purchase.


Note that there are multiple coins that share the code #ONE, and you can view them on our ONE disambiguation page.



Comparing Harmony’s Effective Proof Of Stake To Other Mechanisms

In any centralized process, there is a central administrator or authority that continuously updates the database. However, as blockchain technology is decentralized, it is powered by self-regulating systems that use different consensus mechanisms to update the database. A consensus mechanism is a network of computers essential to safeguard the software from malicious actors. Each cryptocurrency has its own consensus mechanism that keeps the verification process running. While Bitcoin and Ethereum use the Proof of Work (PoW) consensus mechanism, Ethereum 2.0 will transition to Proof of Stake (PoS). Harmony, on the other hand, uses Fast Byzantine Fault Tolerance (FBFT) consensus algorithm. FBFT allows at least 250 validators to reach consensus within 2 seconds. Complementing FBFT, Harmony uses the Effective Proof of Stake (EPoS) staking mechanism, the first staking mechanism in a sharded blockchain that achieves both security and decentralization Here’s how Proof of Work, Proof of Stake, and Harmony’s Effective Proof of Stake work.What is Proof of Work (PoW)? The Proof of Work consensus mechanism involves verifying transactions between users and adding them to the blockchain. The consensus mechanism requires miners to undergo a complex mining process and spend a considerable amount of processing power. It uses the SHA-256 hash function that provides a fair input. Simply, miners race to complete the cryptographic puzzle b...

Harmony Brings Multisig Staking For Added Security And Features

To ensure complete decentralization and a rewarding staking process at Harmony, we introduced the Effective Proof-of-Stake (EPoS) staking mechanism. EPoS is designed to solve the issues posed by standard PoS while still maintaining the decentralization aspect of the blockchain. Staking at Harmony is upheld by validators and delegators, who can stake their ONE tokens and earn rewards. Each shard at Harmony contains a large group of validators, which validate new blocks and vote to reach a consensus. To vote, each validator requires voting shares, where one bonded voting share grants one vote for a validator to cast in the FBFT consensus. A 2/3 quorum of votes is needed for consensus, and a share remains bonded to a validator for a period of 7 epochs. On the other hand, delegators can participate in staking without running a validator and instead delegate their tokens to an existing validator through the Staking Explorer. If the tokens are delegated to an elected validator, a portion of the block reward earned by the validator will be credited to the delegator, which is immediately redeemable. While the current system works faultlessly, we want to provide additional security layers to the transactions within the Harmony ecosystem. This is where Harmony makes an impact with Gnosis Multisig.About Gnosis Multisig As we extended support to Gnosis Safe, we enabled developers and users to partake in the ecosystem with additional dec...

Harmony May Updates: Team Off-Site, Infinity Wallet, Chainstack and 1Wallet

We have a number of updates to share from the month of May. Some highlights include our Q2 2022 offsite meeting which produced new initiatives and priorities, Ankr’s RPC aggregator on Harmony for increased RPC availability and redundancy, and the Harmony mainnet network upgrade which further decentralized the network and added fast node sync. Read our May highlights below and follow us @harmonyprotocol to stay updated. Q2 2022 Team Offsite: In May, the Harmony core team held a four-day offsite meeting. The meet came at a pivotal moment, where the team reviewed areas of improvement on ecosystem grants and management, aligned our mission and vision and addressed community sentiment. We also published the offsite report where we highlight action items and initiatives resulting from the offsite event. Harmony Twitter Reaches 400K Followers: The Harmony Twitter community surpassed over 400,000 members. ZKU July-August Cohort: The applications for the July-August cohort of Harmony’s Zero-Knowledge University are now open. Interested candidates can apply for the free for all learning initiative by June 27. OneWeekly: In May, we continued with our approach of open development through the ONEWeekly newsletter and video series, which featured ecosystem highlights, new partnerships, Harmony Q2 Offsite and the Harmony roadmap. Cross-Shard Communication: The Harmony t...

Enabling Cross-Shard Communication At Harmony

The original bitcoin blockchain was conceptualized as a peer-to-peer payment system that will enable users to send payments. However, As it gained momentum, it was clear that the limited number of transactions per second and high fees were a performance bottleneck. What followed was Ethereum, which enabled the creation of blockchain applications using smart contracts. However, Ethereum too, had difficulties when it came to scalability. As Multiple other projects proposed solutions, creating a blockchain that optimized its network for security, decentralization, and scalability was an endless problem. This is known as the blockchain trilemma. This is why we created Harmony — a sharded PoS blockchain. Sharding is the ideal scalability solution that preserves both security and decentralization. In simpler terms, sharding is a method for distributing data across multiple machines. In a blockchain, sharding splits an entire network into smaller partitions, which are essentially known as shards. Harmony perfectly executes sharding, creating a highly scalable, extremely fast, and secure blockchain that confirms transactions with negligible fees.Sharding At Harmony At Harmony, we split the network into three dimensions: state, network, and transaction. State Sharding: In Harmony, validators of each shard are required to store 1/N of the global state as they maintain their own chain of blocks and state database (N=number of shar...

On-boarding 10,000 Developers: Harmony’s Zero-Knowledge University

At Harmony, we are building an ecosystem that enables researchers, practitioners, and developers to thrive exponentially. Sustaining the vision, we founded zkDAO, PrivacyDAO, and ResearchDAO. This initiative will support the research and publication of academic papers in the zero-knowledge proof technology (ZK), something we believe will drive the next-gen industry-changing projects of the future. While research in ZK has increased substantially in the past few years, we believe it can be catalyzed to reach more developers and users swiftly. This is why we started the ‘Harmony Zero-Knowledge University,’ a learning initiative that brings in new talent in the Web3 space and helps them create market-ready ZK products. This 7-week program is designed for students who are comfortable with programming and are willing to learn. Moving forward, Harmony aims to graduate 300 scholars by the end of 2022, 1,000 scholars by 2024 and 10,000 scholars by 2026, each proficient enough to launch their own market-ready ZK products.Course Features Harmony’s Zero-Knowledge University aims to help developers foray into the world of ZK proofs. Curated by an expert teaching and development facility, this 7-week course is entirely free for participants. Apart from following a zero-fee structure, the course incentivizes learning and provides grants to students for completing assignments and building ZK products. Sponsored by Harmony, these grant...

Harmony April Updates: Covalent, ONEWeekly, ETHAmsterdam, and Team Performance

In April, Harmony team members participated in multiple AMAs to answer community questions. Select members of the team also networked with hundreds of developers by attending ETHAmsterdam, Paris Blockchain Week Summit and ETHPortland. We also launched the Harmony ONE Accelerator Program, the ONEWeekly videos series and newsletter, and integrated with Covalent. Read our April highlights below. Follow us @harmonyprotocol to stay updated.Launches And Milestones Harmony ONE Accelerator Program: April marked the launch of the Harmony ONE Accelerator program, which aims to help projects in the Harmony ecosystem to reach the next stage of growth through a network of strategic investors and talent. The program features the Harmony Venture Network, Harmony Talent Network, Harmony Advisors Network and the Harmony Services Network. ONE Weekly Video Series: We have also launched the ONE Weekly video series to provide users with regular updates through easy to digest video episodes. The first two episodes are already out, which talk about iToken, cross-shard updates, inside scoops and best security practices to safeguard your funds. Harmony Launcher DEX: The Harmony Launcher, a decentralized IGO and IDO Launchpad and Incubator, launched its DEX, which would facilitate a 1:1 Swap, LP Staking and other solutions for the Harmony Launcher token. iToken: NFT projects can now dep...

Harmony Integrates with Covalent, Bringing Data Accessibility to the Platform

Harmony is a Proof-of-Stake blockchain with fast finality launched on Mainnet in June 2019 and is now surrounded by a vibrant and engaged community of over 500,000 active platform participants on familiar cross-chain DeFi ecosystems such as Sushi, Curve and Aave. Over the years, Harmony partnered up with hundreds of Web3 solutions and platforms. To top that, in Sep 2021, Harmony released its ecosystem treasury to a tune of $300M to distribute equity-free $50K grants to any teams that are willing to bring their best ideas to build on Harmony. Harmony’s community has been so engaging from the start that builders on Harmony enjoy growing organically from within the ecosystem. As one notices a vibrant and engaging community, teams such as DeFi Kingdoms and lending protocols like Tranquil Finance decided to build on Harmony and grew from zero to billion-dollar TVL dApps in a matter of months! With Harmony’s low gas fees costing fractions of a penny and a 2-second transaction finality, users are very encouraged to interact with their yield farms, lendings, NFT trades and in-game purchases, for dApps built on Harmony. Harmony is perfect for these high interaction use cases. All these activities are generating a lot of interest for users to interact with Harmony’s blockchain which demands a smooth and uninterrupted experience. Builders on Harmony benefit from solutions offered by Harmony’s partners that will meet the needs of...

Harmony March Updates: ETH Rio, GDC, Aave, Chainstack and ZKU

The Harmony team attended ETHRio and Global Developers Conference (GDC) in March, allowing us to meet thousands of members of the ONE community. We also launched Aave V3 on Harmony mainnet and sunsetted the Harmony Wallet Chrome extension. Read our March highlights below. Follow us @harmonyprotocol to stay updated.Launches And MilestonesZKU’s Inaugural Cohort: The first cohort of the Zero-Knowledge University concluded with developers building diverse Web 3 products using zero-knowledge proof technology.1 Million Wallets: In march, Harmony reached over 1 million wallets created on the blockchain, growing from 800,000 wallets in February.Harmony Ventures: To help the projects launched on Harmony, we launched Harmony Ventures. Projects can get the opportunity to grow to the next level by presenting their vision, latest roadmaps and developments, to an audience of strategic investors.1Wallet Goes Into Beta: 1Wallet — the noncustodial social wallet to securely store, send, receive, swap and earn crypto assets has gone into beta. The wallet combines social recovery features with multiple layers of security for an optimal experience. Learn more by joining the Discord here.ONEWeekly Newsletter: Harmony is excited to launch its new weekly newsletter, the ONEWeekly. Stay up-to-date with what’s happening at Harmony, new launches, behind the scenes, and more.Partnership HighlightsAave V3: After launching on the testnet in Ja...

Harmony Launches Aave v3 On Mainnet

We are excited to announce that we have launched Aave v3 on our mainnet, providing users greater capital efficiencies, increased security and cross-chain functionality. The v3 was released in January 2022 on our testnet and is now making its way to mainnet.New Features V3 of the Aave Protocol augments the core concepts of Aave Protocol (aTokens, instant liquidity, stable rate borrowing, credit delegation, etc.) with new features. Capital Efficiency: V3 allows users to optimize their assets supplied to the Aave Protocol in terms of yield generation and borrowing power. The High-Efficiency Mode allows borrowers to extract the highest borrowing power out of their collateral. Isolation Mode: New assets can be listed as isolated in Aave protocol V3. Borrowers supplying an isolated asset as collateral cannot supply other assets as collateral, and borrowers using isolated collateral can only borrow stablecoins that have been permitted by the Aave governance to be borrowable in isolation mode. Risk Management: Aave V3 brings a greatly improved set of risk parameters and new features to protect the protocol from insolvency, including supply and borrow caps. Multiple Rewards: Aave V3 offers the option to have multiple rewards per token. Now, it is possible for an asset listing to enable additional incentives denominated in native protocol tokensIncentives For New Users To accelerate Aave’s expansion in the multi-chain world and su...

Harmony February Updates: ETHDenver, BTC Bridge, Project-X, Bored Apes and a New Look

In February, the Harmony team headlined ETHDenver as a top sponsor, we interacted with thousands of members of the Harmony community, handed out over 20 grants, 300+ scholarships, It also marked the launch of our much-awaited BTC bridge. Read our February highlights below. Follow us @harmonyprotocol to stay updated. — Launches & Milestones - Bitcoin Bridge: We launched our fully trustless, decentralized, secure and permissionless Bitcoin Bridge. Users can now bridge their BTC to Harmony via the bridge, which enables a 1:1 Bitcoin-backed asset 1BTC. The 1BTC can be used to participate in DeFi protocols on Harmony. Harmony Website Gets A New Look: At ETHDenver, the Harmony website got a makeover, making it easy for our users to stay updated with our latest announcements and apply for new DAOs and grants.  — @harmonyprotocol MADNFT: The MAD NFT platform launched its first airdrop on the Harmony mainnet. The platform will be bringing creators from around the world into the Harmony ecosystem. Some NFTs will also give owners access to the VR gallery and other exclusive access in the Metaverse created by MAD. Scaleswap: Harmony is now on the Scaleswap launchpad, a platform offering launch and investment opportunities for curated projects and providing their community with fair access to exclusive early-stage IDO opportunities Gaming DAO: Harmony became a part of a new gaming DAO, called A...


One Trading Extends the Reach of its Institutional Trading Services in E...

    [PRESS RELEASE - London, United Kingdom, May 16th, 2024] Talos, the premier provider of digital asset trading technology for institutions, and One Trading, a crypto trading venue headquartered and regulated in the European Union, announced an integration designed to expand liquidity access for institutions. As part of the collaboration, One Trading joins the Talos network of liquidity providers, expanding the possible destinations for their shared clients looking to achieve best execution. Talos users will now be able to access One Trading’s high-speed trading platform, with a matching engine time of just 1 microsecond. In addition to expanding its potential reach to Talos’s institutional clients, One Trading also adopts the Talos trading platform as a sell-side client to support its OTC trading desk. The award-winning Talos trading platform will help One Trading efficiently source liquidity to better serve its clients’ needs. The multi-faceted relationship between the two firms highlights the different ways that the Talos network and platform can enhance a partner’s business. “We are thrilled to welcome One Trading into the Talos network of liquidity providers,” said Daniel Packham, VP and Head of Operations, EMEA. “They have built a leading regulated trading venue in Europe using cutting-edge technology to build an incredibly fast and secure exchange, holding themselves to the highest standards of security and transparency that are ... read More

GameStop Outperforms Bitcoin's Yearly Returns in One Day, Could Meme Coi...

    The GameStop saga has returned after a three-year hiatus, and its stock has outperformed Bitcoin’s yearly growth in a single day. While GameStop’s rise stunts that of traditional crypto investments, the allure of crypto meme coins only grows as the meme stock frenzy prevails. GameStop Price Surges, But Analysts Anticipate an Altcoin Rotation Kieth Gill, a renowned GameStop trader who goes by Roaring Kitty on X, has resurfaced online and set financial markets ablaze as retail bulls take a swipe at TradFi. History is repeating itself. This phenomenon first occurred in 2021 when everyday retail traders united on social media apps like Reddit, colluding to “short squeeze” Wall Street’s TradFi institutions. This time around, investors have bolstered GameStop’s stock by over 200% in five days. Ihor Dusaniwsky reports retail players have left a dent in the market, with GameStop shorts booking $1.36 billion in mark-to-market losses on Tuesday. “We are seeing continued squeeze-related short covering due to the rebirth of the meme trade,” he wrote. Other so-called meme stocks have also soared amid the GameStop frenzy. AMC has fared among the strongest, up 31% today and 117% in the past five days. The company disclosed in a recent SEC filing that it issued 72.5 million new shares, raising approximately $250 million. Other heavily shorted stocks, such as SunPower, Beyond Meat, and Children’s Place, have also gained value this week. ... read More

Unlocking The Dogecoin Code: One Factor Holds The Key To Its Next Ascent

    Dogecoin, the meme-inspired cryptocurrency that took the internet by storm in 2021, has seen a recent uptick in price. However, experts are cautioning investors against mistaking this blip for the start of a moon mission. DOGE Price Volatility Takes A Vacation One factor tempering enthusiasm is Dogecoin's current lack of volatility. While price swings are often a hallmark of the cryptocurrency market, DOGE's volatility has hit a 30-day low. This calmness suggests the recent price increase might not translate into a sustained upward trend. Memecoins like Dogecoin thrive on volatility, and the current lull suggests a period of price stability, which isn't necessarily bad, but it's unlikely to trigger the explosive rallies we've seen in the past. Dogecoin Network Activity: Apathy Or Accumulation? Another dampener on the celebratory champagne showers is the low user activity on the Dogecoin network. The number of active addresses, which indicates user engagement, is currently hovering around 52,000. This is a significant drop compared to March 2024, when a surge in active addresses coincided with a price jump to $0.22. Historically, spikes in Dogecoin's user activity have foreshadowed price increases. The current low suggests a lack of excitement or, perhaps, a period of accumulation by investors who are waiting for the right moment to jump in. DOGE Stuck In Consolidation: A Sideways Serenade Or Coiling For A Leap? For the past few weeks, Dogecoin's price has been stuck in a... read More

Bitcoin Hits New Milestone, Processes One Billion Transactions

    The Bitcoin network has achieved a new milestone: one billion processed transactions, 15 years, four months, and four days after its genesis block was mined. According to data on Clark Moody's Bitcoin dashboard, the one billionth transaction was mined into block 842,241 on May 5 at 9:34 pm UTC. Bitcoin Process One Billion Transactions Bitcoin's latest milestone comes less than three weeks after the network completed its fourth halving, which cut miners' block rewards from 6.25 bitcoin to 3.125 BTC. The halving occurred on April 19, when Bitcoin's total transaction count hovered around 990.64 million. The network has witnessed a significant rise in daily transactions in the past month, with the launch of new protocols like Ordinals, Runes, and the BRC-20 token standard. The launch of Ordinals brought about Bitcoin non-fungible tokens (NFTs) that drove user activity on the network. At the time of writing, data from the market analysis platform Dune showed that roughly $432 million had been spent as transaction fees on over 66.4 million inscriptions, indicating that market participants have been busy on the Bitcoin network. On the other hand, Runes was launched on Bitcoin's halving day, particularly on the halving block. The protocol expands Bitcoin's functionality by allowing the creation of fungible tokens, as Ethereum does. During the halving weekend, Runes transactions accounted for more than 50% of the total Bitcoin transactions, surpassing Ordinals and dominating the netwo... read More

99Bitcoins Token Raises Over $850K for Play-to-Earn Project, One Day Unt...

    As the crypto market gears for another leg up, the new 99Bitcoins token has surpassed over $850K in its presale, fueled by excitement for the project’s new Learn-to-Earn platform. The 99Bitcoins token presale remains ongoing. Its price will incrementally increase throughout the campaign, with the next uptick in one day. 99Bitcoins is a leading crypto media outfit, delivering high-quality news and crypto-related content across a variety of mediums. Its new token has caused a stir as it seeks to expand the industry’s collective knowledge base by rewarding users to learn about crypto. Incentivized learning might be the future of education Crypto is famously known for disrupting mega industries like finance, AI, gaming, and, more recently, science and physical infrastructure. However, 99Bitcoins’ new Learn-to-Earn platform provides a new outlook to the $10 trillion education industry. While 99Bitcoins’ new model focuses on crypto, its revolutionary outlook could well be adopted for other intents of education if all goes well. The project invites users to embark on modularized self-learning, where they are rewarded with XP points for completing courses, quizzes, and tutorials. As learners earn more points, they rise further up the platform’s leaderboard, which provides them with more crypto rewards. Indeed, the new Learn-to-Earn platform is bound to turn heads among savvy market participants and industry newcomers looking to bolster their knowledge. ... read More

LINK Price Eyes Recovery If It's Able to Hold One Crucial Level

    Chainlink’s LINK price retested the $12.00 support zone. The price is now eyeing a recovery wave above the $13.50 and $15.00 resistance levels. Chainlink price is showing bearish signs below the $15.00 resistance against the US dollar. The price is trading below the $14.20 level and the 100 simple moving average (4 hours). There is a key bearish trend line forming with resistance near $13.50 on the 4-hour chart of the LINK/USD pair (data source from Kraken). The price could start a decent increase if it clears the $15.00 resistance zone. Chainlink (LINK) Price Eyes Steady Increase In the past few days, Chainlink saw a major decline from well above the $18.00 level. LINK price declined below the $15.00 pivot level to enter a short-term bearish zone, like Bitcoin and Ethereum. The price tested the $12.00 support zone. A low was formed at $11.92 and the price is now attempting a recovery wave. There was a move above the $12.50 level. It even jumped above the 23.6% Fib retracement level of the downward move from the $18.66 swing high to the $11.92 low. LINK price is still trading below the $14.20 level and the 100 simple moving average (4 hours). Immediate resistance is near the $13.50 level. There is also a key bearish trend line forming with resistance near $13.50 on the 4-hour chart of the LINK/USD pair. Source: LINKUSD on The next major resistance is near the $15.00 zone. A clear break above $15.00 may possibly start a steady increase toward the $16.00... read More

New Presale Meme Coin Dogeverse Hits $300k in One Day – Will it Ex...

    The crypto market is going wild for a new meme coin called Dogeverse (DOGEVERSE), which launched its presale yesterday. In a display of rampant investor demand, Dogeverse has managed to rake in over $300,000 in just 24 hours ahead of its upcoming DEX launch. Innovative Meme Coin Dogeverse Brings Utility & Multichain Approach Dogeverse isn’t just a typical “one-and-done” meme coin project. While paying homage to the OG meme coin that started it all, Dogeverse also brings some serious utility and innovation to the meme coin space. Its major differentiator is being the world’s first multichain meme token. As outlined in Dogeverse’s litepaper, this project will be able to exist natively on six of the most popular blockchains – Ethereum, BNB Chain, Polygon, Solana, Avalanche, and Base. Using bridging technology, Dogeverse holders can move their DOGEVERSE tokens between all these chains with just a few clicks and minimal gas fees. But the utility doesn’t stop there. Dogeverse will also feature staking rewards, with token holders earning considerable APY. Although this figure will decrease as more DOGEVERSE tokens are staked, it’s still a lucrative opportunity for early adopters to earn passive income just by holding. This combination of multichain features and high staking yields really sets Dogeverse apart from the pack of no-utility meme coins flooding the market each week. Over $300k Raised in Dogeverse Presale’s First Day ... read More

AI Will be One of those Areas Where Blockchain has Genuinely Improved: F...

    Flare Network stands out as one of the popular layer one blockchains, focusing on the integration of external data into blockchain systems. Above all, Flare is an EVM-compatible L1 network. Its interoperability and data integration focus has made it a standout name in the crypto world. CEO Hugo Philion, transitioning from a finance background to the dynamic world of cryptocurrencies, has been instrumental in guiding Flare Network's direction to tackle some of the sector's significant challenges. In the following interview, Philion shares his views on blockchain and data, shedding light on Flare Network's efforts to push the industry forward. His shift from the finance sector was driven by a desire for more meaningful engagement in his professional life. In an exclusive interview to CryptoPotato at the annual ETH Denver conference, he articulates his motivation, stating, 'I just thought I wasn't doing anything that was interesting or valuable in life.' This reflection propelled him toward blockchain technology, leading to his decision to delve back into academia and explore machine learning, where he met his future Flare Network co-founders. Incorporating External Data into Blockchain Systems Flare Network's primary goal is to address the complex challenge of incorporating external data into blockchain systems. Philion explains the intricacy of this task, noting: “There's very little point in using a blockchain if you are then using a centralized party to handle the dat... read More

Unified Liquidity Platform Range Protocol Unveils Skate: The First Unive...

    [PRESS RELEASE - Singapore, Singapore, April 3rd, 2024] Skate is backed by leading founders in web3, including EigenLayer, Polygon, Manta, Axelar, Pendle, A41 and Galxe, supporting its vision to make web3 efficient for a modular future by solving application fragmentation Range Protocol, a unified liquidity provisioning platform, today announced the launch of Skate, the universal application layer that empowers apps to run on thousands of chains with one state. Designed with an intent-centric approach, Skate aims to efficiently address the application fragmentations as a single hub for all code deployment across all chains. Backed by leading web3 players, including EigenLayer, Polygon, Manta, Axelar, Biconomy, Pendle, A41, Vertex, Navi, Galxe, Pontem and more, Skate will deliver its vision with faster finality and universal application scope, paving the way for its mainnet launch within the year. In today’s multi-chain landscape, applications face pressing needs to deploy, adapt and maintain across an increasing number of chains. Skate introduces the concept of a Universal Application Scope, where essential applications are developed collectively and maintained in a shared pool accessible to all chains — regardless of its underlying Virtual Machine environment. With Skate, users and developers are able to efficiently and instantly access thousands of chains by interacting with one application instance. Siddharth Lalwani, Co-Founder and CEO of Range Protocol shared... read More

Bitcoin ETFs Bleed For One Week Straight – Can Price Recover To $7...

    Last week was rough for Spot Bitcoin ETFs as they failed to attract strong inflows day after day. As a result, these Spot Bitcoin ETFs witnessed consecutive daily outflows every day last week, indicating the bullish sentiment among institutional traders might actually be waning. This seems to have been reflected in the price of Bitcoin, as the cryptocurrency fell to as low as $61,370 during the week.  Bitcoin ETFs See Sustained Outflows Investor interest in Spot bitcoin ETFs skyrocketed throughout February and early March amid Bitcoin's bull run, pushing its price to an all-time high of $73,737. This maximum investor interest saw the ETFs setting new trading records for exchange-traded funds in the US. However, these ETFs have now set a negative record of five consecutive days of outflows to beat a four-day outflow streak set in January. According to data from BitMEX Research, these ETFs witnessed five days of consecutive outflows of $154.4 million, $326.2 million, $261.6 million, $93.1 million, and $51.6 million. At the same time, Grayscale's GBTC set a new record for the most daily outflow. BitMEX also reveals that the world's largest crypto asset manager saw redemptions of 9,539.7 BTC worth over $642.5 million on Monday, the largest single-day outflow in GBTC's history. [1/4] Bitcoin ETF Flow - 22 March 2024 All data in. 5th day of net outflows. $52m total net outflow for the day. Blackrock with a record low inflow of $18.9m — BitM... read More

Bitcoin Faces One Major Hindrance To Reaching New $75,000 All-Time High

    Bitcoin is still struggling to reclaim its all-time high even after staging an impressive recovery in the last day. The bounce up from $60,000 to $68,000 has no doubt reignited confidence in the market, but the cryptocurrency continues to face some challenges in its bid for a new all-time high. Outflows Continue To Rock Bitcoin ETFs Over the last few months, Spot Bitcoin ETFs have done very well when it comes to inflows, hitting record after record. This saw issues such as BlackRock garner a large number of coins in a short time, which contributed to the Bitcoin run to new all-time highs. However, as the market gets used to the Spot Bitcoin ETFs being a part of daily investing, outflows have begun to rise. Mainly, these outflows have been from the Grayscale Spot Bitcoin ETF as investors flee from the fund due to their high fees. The same was the case back in January which triggered a crash in the market. In the last few days, outflows have been dominating the ETF net flows. Data from Coinglass shows that net flows first turned negative at the start of the week on March 18, with $154.3 million flowing out of the funds. The next day, March 19, another $326.2 million left the funds, leading to higher negative flows than the previous day. Then, on March 20, net flows were negative once more, with $261.5 million leaving the funds. This trend marks the first time since January that Spot Bitcoin ETFs have seen three consecutive days of outflows, which is in stark contrast to the pr... read More

Bitcoin ETF Frenzy: BlackRock Smashes Expectations With $788 Million Inf...

    BlackRock's Bitcoin ETF, IBIT, achieved a remarkable milestone on March 5. Attracting a staggering $788 million, it exceeded its previous record of $612 million in inflows in a single day. This surge in investment coincided with Bitcoin reaching a new all-time high (ATH) of $69,300, surpassing its previous ATH set in 2021. Bitcoin ETF Trading Volumes Reaches Record $10 Billion Shortly after Bitcoin hit its new milestone, the market experienced a notable price correction, dropping below $60,000. However, this dip seemed to entice ETF buyers who saw it as an opportunity to accumulate Bitcoin at a discounted price.  As a result, the Bitcoin price has quickly recovered and reached the $65,200 level, positioning itself for further price gains and consolidation above its ATH. According to Bloomberg ETF expert Eric Balchunas, the ten Bitcoin ETFs traded a staggering $10 billion in volume on the same day, breaking the previous record set just a week ago.  The expert noted that this surge in trading activity is not entirely unexpected, as volatility and volume often go hand in hand with ETFs. Balchunas also highlighted that several ETFs, including Blackrock’s IBIT, Fidelity (FBTC), Bitwise (BITB), and Arkham (ARKB), achieved record-breaking trading volumes. Interestingly, while the Bitcoin ETFs experienced a surge in inflows, the Grayscale Bitcoin Trust (GBTC) continued its trend of outflows since the ETFs launched on January 11.  Balchunas noted that GBTC has s... read More

BTC Dropping to $48K or Pushing to $55K: Which One Comes First? (Bitcoin...

    Bitcoin’s price has been making higher highs and lows consistently over the past few months. However, the market is currently consolidating around a key resistance level, failing to continue higher. Technical Analysis By TradingRage The Daily Chart On the daily timeframe, the price has been breaking through several resistance levels since rebounding from the $40K support zone. Yet, the market is currently hovering around the $52K resistance level. While there are no serious signs of climbing at the moment, the Relative Strength Index shows values above 50% that indicate higher prices might be achievable in the short term. Therefore, a breakout above the $52K resistance level is still probable. Source: TradingView The 4-Hour Chart Looking at the 4-hour chart, it is evident that the price has been consolidating around the $52K level over the last couple of weeks. In case of a correction, Bitcoin might pull back toward the $48K support level before potentially continuing higher. The Relative Strength Index has also dropped below the 50% level, hinting at a potential correction in the near future. Source: TradingView On-Chain Analysis By TradingRage Bitcoin Long-Term Holder SOPR Bitcoin’s price has been rallying aggressively over the past few months and is approaching its all-time high of $69K. It would be beneficial to evaluate market sentiment to analyze supply and demand dynamics. This chart demonstrates the Bitcoin Long-Term Holder SOPR, which measures the relativ... read More

When Will Bitcoin Downtrend End? This Signal Could Be One To Watch

    An analyst has explained that a futures market signal could be one to wait for before the latest Bitcoin drawdown can finish. Bitcoin Funding Rates Are Still In The Positive Territory As pointed out by an analyst in a CryptoQuant Quicktake post, the BTC funding rate has been reducing recently, but it's still at positive levels. The 'funding rate' refers to an indicator that keeps track of the amount of periodic fee that futures contract holders are exchanging between each other currently. When the value of this metric is positive, it means that the long traders are paying a premium to the short holders right now in order to hold onto their positions. Such a trend suggests that a bullish mentality is dominant in the futures market. On the other hand, the indicator being negative implies a bearish sentiment may be shared by the majority of the traders as the shorts are outweighing the longs at the moment. Now, here is a chart that shows the trend in the Bitcoin funding rate over the past year: As displayed in the above graph, the Bitcoin funding rate has been almost entirely positive since mid-October, suggesting that the longs have been the dominant force in the sector. Around the start of the year, the metric's value had hit especially high levels, but after all the volatile price action BTC has seen since then, the indicator has considerably cooled off. The funding rates have still been at positive levels recently, however, implying that traders haven't given up on their ... read More

Grayscale Bitcoin Trust Stash Dips by 10,800 BTC in One Day Amid High GB...

    The Grayscale Bitcoin Trust, commonly referred to as GBTC, has recently divested a considerable quantity of bitcoin. Records indicate that a total of 10,823.86 bitcoin, valued at approximately $447.40 million, was withdrawn from the holdings of GBTC in the span from Thursday to Friday morning.GBTC's Bitcoin Cache Continues to Witness Outflows GBTC is experiencing notable outflows and volume, particularly on Thursday, Jan. 18, 2024, when the fund recorded a significant trade volume of $2.11 billion. Up to this point, the Grayscale Bitcoin Trust has emerged as the frontrunner in trade volume among all the newly launched spot bitcoin exchange-traded funds (ETFs). Nevertheless, this surge in volume has been accompanied by a marked increase in bitcoin outflows, primarily due to GBTC investors realizing their profits. Just yesterday, on Jan. 18, News covered the story that GBTC held a substantial 592,097.78 BTC. However, as of today, there has been a 1.82% decrease since that report. Current archived records, dated Jan. 19, 2024, reveal that GBTC's holdings have diminished to 581,273.92 BTC. This reduction of 1.82% equates to a loss of 10,823.86 BTC, valued at $447.4 million, based on the prevailing BTC exchange rates. According to GBTC's website, the total value of assets under management (AUM) currently stands at $23.70 billion. The outflows from GBTC are occurring simultaneously with the inflows into spot bitcoin ETFs managed by Blackrock and Fidelity. As of Jan. 18,... read More

VanEck To Close Bitcoin Strategy ETF One Week After Spot ETF Approval

    Mutual fund and ETF provider VanEck has announced plans to delist the VanEck Bitcoin (BTC) Strategy ETF from the Chicago Board Options Exchange (CBOE) after January 30. The fund – which trades under the ticker XBTF – is a Bitcoin futures ETF. That means it offers investors Bitcoin price exposure through investing in Bitcoin futures contracts. VanEck Gives Up Futures ETF Per the company’s Wednesday statement, VanEck’s Board of Trustees approved a decision to liquidate the fund’s assets based on an analysis of its “performance, liquidity, assets under management, and investor interest,” among other things. According to Yahoo Finance data, XBTF averages $1.4 million in daily trading volume. That pales in comparison to the ProShares Bitcoin Strategy ETF (BITO), a competing product that dwarfed all rivals for inflows and volume after being first to launch in October 2021. VanEck’s fund, by contrast, took to the market on November 15, 2021. As noted by Bloomberg ETF analyst James Seyffart, the ETF industry is generally “winner take most,” with most volumes going to ETFs with a first mover advantage. Investors are incentivized to gravitate toward the highest volume ETF going forward since higher volumes mean large investors can easily liquidate their holdings. Naturally, that makes it tougher for early buyers of less popular funds to sell their shares down the line. To compensate for this, VanEck has promised to provide inv... read More

DePIN and DeWi Come to Sui in Groundbreaking Karrier One Partnership, Up...

    [PRESS RELEASE - Markham, Ontario, January 11th, 2024] The deal includes strategic investment from Sui to fuel the expansion of Karrier One’s growing global footprint Sui, in collaboration with Karrier One, proudly announces a strategic partnership that marks a significant leap in integrating advanced telecom services with the dynamic capabilities of web3 technology. At the heart of the partnership is the investment that Sui is making in Karrier One, which provides funding to help expand its Decentralized Physical Infrastructure (DePIN) technology. This collaboration showcases the potential for decentralized technologies to vastly expand access to the digital world and enhance connectivity for underserved populations. The technical integration of this new partnership will feature DePIN services powered by the Sui blockchain and the launch of a Karrier One Decentralized Wireless (DeWi) network token on Sui. In addition, contributors to and participants in the Karrier One ecosystem will be able to earn DeWi tokens for various activities such as deploying radios and mobile usage involving Karrier One phone numbers. This launch not only introduces a versatile governance token but also expands the Karrier ecosystem with a diverse array of utilities accessed and consumed via fungible tokens and NFTs. For example, as part of Karrier One’s implementation, universal phone numbers will be sold by Karrier One on the network and secured by NFTs using the Karrier Number System... read More

Arbitrum One Becomes the First Ethereum Layer 2 Network to Surpass $10 B...

    Arbitrum One's Total Value Locked (TVL) witnessed a remarkable increase of 15.9%, reaching a milestone of $10.22 billion in the past seven days, making it the first Layer 2 (L2) network to surpass the $10 billion TVL mark. The achievement follows an incident on December 15, where Arbitrum One faced a two-hour partial outage due to a surge of Bitcoin Ordinals-inspired inscriptions that led to the triggering of a sequencer stop. Arbitrum One Dominates Ethereum Layer 2 TVL According to data by L2Beat, the total TVL for Ethereum Layer 2 networks has reached $20.82 billion, with Arbitrum One contributing significantly by accounting for 48.03% of the total. Arbitrum currently holds a diversified asset portfolio with 30.9% in Ethereum (ETH), 23.68% in its native governance token ARB, 29.66% allocated to stablecoins, and the remaining 15.76% spread across various other assets. Notably, the ARB token has registered a 14.3% increase in value over the past 24 hours, according to Coingecko data. The success of Arbitrum One can be attributed to its ability to replicate the Ethereum experience while offering substantially lower transaction costs. This cost-effectiveness has attracted a considerable number of decentralized applications (dApps), with approximately 470 currently deployed on the network. The implementation of the ARB token, serving as a governance token, has significantly contributed to the platform's growth. Governance tokens empower holders to actively participate in decisio... read More

Ripple (XRP) vs. Cardano (ADA): Which One Will Reach $1 First?

    These two blue chip, large-cap, top-ten cryptocurrencies may not seem to have much in common. But they settled into a similar price range in December, according to market data from CoinGecko. In the first two weeks in December, after XRP price found support around the $0.60 level in late November, ADA tokens rocketed up from key support at the $0.35 handle to settle in at that same $0.60 support level. These two altcoins each recently scored a Binance listing with USDC as a trading pair (Solana and MATIC did too). Here's how ADA and XRP compare on important price factors. XRP vs. ADA: Technical Indicators XRP price has been charting a falling wedge pattern for the better part of the one-month, two-month, and six-month windows. That is often a bullish reversal signal. Meanwhile, December saw bullish open interest in XRP long positions, with traders paying record fees to keep their positions open. The summary technical analysis recommendation for ADA on TradingView Friday was 'Buy' on a scale from 'Strong Sell' to 'Strong Buy.' ADA price traded at a bullish premium of $0.62 above its 30-day exponential moving average of $0.556, 50-day EMA of $0.504, and 100-day EMA of $0.428 on Friday's chart. XRP vs. ADA: Product and Community Ripple continued expanding its business in Q4. At its annual Swell conference in Dubai this November, Ripple Labs announced it is expanding to serve U.S. corporate clients that don't have their own money transmitter license with its updated settlements ... read More

The Crypto Bulls Are Back: Digital Asset Inflows Cross $103 Million In O...

    Inflows into crypto investment funds have resumed after a brief hiatus two weeks ago, as evidenced by CoinShares's latest analysis. According to James Butterfill, Head of Research at CoinShares, digital assets saw a net inflow of $103 million last week, as the wider crypto industry went through a few days of bullish sentiment. This is particularly exciting, as it signaled a change from the net outflows in digital asset investment funds witnessed two weeks ago.  Crypto Fund Inflows Surge To $103 Million Crypto asset investment funds witnessed a minor net outflow of $16 million two weeks ago, bringing an end to 11 consecutive weeks of inflows since September. However, according to a social media post by Butterfill, these investment funds attracted a $103 million net inflow last week. As expected, Bitcoin, again, led the charge, attracting 85% of the total inflow. Bitcoin saw an inflow of $87 million last week, bringing its total net inflow this year to $1.758 billion.  Ethereum led the altcoin market with a net inflow of $7.9 million, bringing its total net inflow this year to $23 million. Solana followed suit with a $6 million net inflow. At the time of writing, Solana’s total inflow this year stands at $162 million, reflecting the better sentiment Solana has seen with institutional investors this year.  On the other hand, Litecoin and Avalanche investment products were the only ones registering a net outflow during the week, with $0.4 million and $2.6 mi... read More

Harmony To See Redemption? Analyst Predicts Meteoric 650% Rise For ONE T...

    The Harmony blockchain fell victim to one of the most infamous hacks in decentralized finance (DeFi) history and the fallout from that attack in 2022 saw the ONE price tank tremendously, losing over 98% of its all-time high value. However, one year later, the cryptocurrency seems to be making a comeback as investors and traders flip bullish once again. Crypto Analyst Predicts Great Things For ONE Token Crypto analyst Alan Santana has shared an analysis of the ONE token, the native cryptocurrency of the Harmony blockchain. In this analysis that focuses on one of the forgotten giants from the DeFi summer of 2021, Santana paints a rather bullish picture, the kind that hasn’t been shared for a while now. The analysis focuses on the ONE/BTC pair which shows great promise compared to the ONE/USDT pair. This comes after the coin hit a new low of $0.008 this year, before rebounding, and this rebound seems to be the basis of its bullish trend. Santana explained that this particular growth had begun in October and has so far sustained given that the price is up more than 100% since then. However, the way forward is still not completely clear as t he crypto analyst points out that while the cryptocurrency has been able to break above its 200-day moving average (MA), it is now facing even more resistance. This resistance is now prominent at the 300-day exponential moving average (EMA). With the resistance moving upward, support for the coin has formed at the EMA200, proving to b... read More

XRP Price Could Be Soon The Next One To Rally – Here's Why

    XRP price is eyeing a fresh rally above the $0.630 resistance. The price could gain bullish momentum if it clears the $0.630 and $0.640 resistance levels. XRP is slowly moving higher from the $0.600 support level. The price is now trading below $0.630 and the 100 simple moving average (4 hours). There was a break above a major bearish trend line with resistance near $0.610 on the 4-hour chart of the XRP/USD pair (data source from Kraken). The pair start a fresh rally if it clears the $0.630 and $0.640 resistance levels. XRP Price Aims Fresh Surge After a major decline, XRP found support near the $0.580 zone. A low was formed near $0.5781, and the price started a steady increase. There was a move above the $0.600 resistance, but XRP lagged momentum compared to Bitcoin and Ethereum. There was a break above the 23.6% Fib retracement level of the key drop from the $0.700 swing high to the $0.578 swing low. Besides, there was a break above a major bearish trend line with resistance near $0.610 on the 4-hour chart of the XRP/USD pair. The price is now trading below $0.630 and the 100 simple moving average (4 hours). On the upside, immediate resistance is near the $0.630 zone. It is close to the 50% Fib retracement level of the key drop from the $0.700 swing high to the $0.578 swing low. Source: XRPUSD on The first major resistance is near the $0.640 zone. A close above the $0.640 resistance zone could spark a strong increase. The next key resistance is near $0.672... read More

Ethereum Whales Scoop Up $230 Million In ETH In One Week – Price H...

    In the past week, some of the biggest Ethereum whales, those with holdings ranging from 1 million to 10 million ETH, have accumulated an impressive 100,000 ETH, valued at a staggering $230 million. This active buying stance by influential investors highlights their unwavering belief in the long-term potential of Ethereum, even in the face of recent price corrections. Despite the recent downtrend in prices, indications from recent Ethereum whale activities suggest a persistent confidence in a bullish market continuation. Wealthy Traders Accumulate Millions In Ethereum Subsequent to the promising start in the initial days of December 2023, various cryptocurrency assets, notably Ethereum, displayed robust performance. Crypto whales have reportedly devoured hundreds of millions of dollars' worth of Ether, the leading altcoin, during the past seven days, according to a well respected expert. Some of the largest #Ethereum whales have been on a buying spree, scooping up over 100,000 $ETH in just the past week – that's a whopping $230 million! — Ali (@ali_charts) December 16, 2023 On the social networking site X, cryptocurrency strategist Ali Martinez informs his 36,100 followers in a new thread that wealthy traders have amassed tens of thousands of Ethereum during the previous seven days. Price rallies are usually the result of heavy purchasing demand from wealthy investors, and the recent whale accumulation indicates that this is the case. O... read More

SEC Expected to Approve Multiple Spot Bitcoin ETFs in One Day, Says Vane...

    The CEO of asset management firm Vaneck expects the U.S. Securities and Exchange Commission (SEC) to approve multiple spot bitcoin exchange-traded fund (ETF) applications in one day. 'I very much expect it will be all in one day because that's what happened with the ethereum futures,' he explained.Vaneck's CEO on Spot Bitcoin ETF Approvals Jan van Eck, the CEO of asset management firm Vaneck, shared his bitcoin outlook and expectations around spot bitcoin exchange-traded funds (ETFs) in an interview with CNBC on Friday. Vaneck is among the asset managers that have applied to launch a spot bitcoin ETF with the U.S. Securities and Exchange Commission (SEC). 'I think bitcoin is the obvious asset that is growing up in front of our eyes,' the executive began, adding: 'There are 50 million users of bitcoin so it's got the network effect.' He emphasized: I think it's impossible for me to imagine some other, what I call, internet store of value that's going to leapfrog bitcoin. The executive expects bitcoin to outperform gold, fueled by their shared sensitivity to interest rates. 'Interest rates are headed down directionally speaking so the macro behind bitcoin and gold are very strong,' he opined, adding that gold and bitcoin perform similarly. 'They both peaked in 2021. They've both been rallying this year. Obviously, bitcoin way more than gold for different reasons,' he said. The Vaneck boss also noted that the upcoming halving in April is 'great for bitcoin,' emphasizing that he ... read More

Bitcoin Celebrates One Year of Ordinal Inscriptions With 48 Million Mark...

    On Dec. 15, 2023, a significant milestone was achieved in the Bitcoin blockchain world, just a day shy of the anniversary of the first Ordinal inscription. The total count of Ordinal inscriptions has impressively hit the 48 million mark. Despite initial skepticism about their longevity, these inscriptions have not only persisted but now make up half of all BTC transactions confirmed daily.Bitcoin Marks 1st Anniversary of Ordinals: 48M Milestone Achieved 2023 has seen Ordinal inscriptions gain immense traction, significantly impacting Bitcoin's ecosystem and vying with other blockchains in the non-fungible token (NFT) space. This journey began almost a year prior, on Dec. 16, 2022, marking the creation of the first-ever Ordinal inscription on Bitcoin's distributed ledger. These Ordinal inscriptions are a sophisticated process that transforms a satoshi, Bitcoin's smallest unit, into a distinct digital asset. Key network upgrades, notably the Segregated Witness (Segwit) protocol in 2017 and the Taproot upgrade in 2021 have been instrumental in making these inscriptions viable. Particularly, Taproot's introduction enabled more intricate transactions and the integration of additional data within a transaction. The essence of the Ordinal inscription process lies in embedding the digital asset's data into the transaction's witness section, thereby converting satoshis into unique, non-fungible entities. This innovative process has also facilitated the creation of fungible tokens, kno... read More

Shiba Inu Vs LUNC Burn: Which One Has Had A Better Impact?

    Both the Shiba Inu and the LUNC tokens have seen their growth hindered by the fact that their circulating supply is incredibly large. As a way to curb this, both communities have come up with a burn initiative to reduce the supply of the tokens as much as possible. So far, there have been significant amounts of tokens sent to burn addresses by members of the community. But which community’s effort has had the best impact on the token price? LUNC Community Hits 85 Billion Mark The LUNC community burn has gained a lot of traction since it began around a year ago. Every week, millions of tokens are being taken out of circulation in an effort to reduce its over 5.8 trillion supply. This has resulted in tens of billions of tokens being burned so far. According to the LUNC Metrics website, the community has been able to hit the 85 billion tokens burned milestone. This was hit after over 1.7 billion tokens were burned by the community in a single-week timeframe, bringing the total all-time token burned to approximately 85 billion. On the back of this milestone, the prices of LUNC and USTC have begun to rally once more, suggesting a correlation between the burn and the price performance. Not only the Terra Classic ecosystem tokens are rallying but also the rebranded LUNA token has been on the rise. The LUNC burn initiative has seen a lot of support from the Binance exchange which continues to burn fees generated from the altcoin’s trading activity. Burning has also extend... read More

This Lucky Shiba Inu (SHIB) Trader Turned $8,000 Into $5.7 Billion in On...

    TL;DR A trader's $8,000 investment in Shiba Inu (SHIB) in August 2020 soared to $5.7 billion by October 2021, marking an 85-million-percent increase and one of the most astonishing crypto trades. The investor, who redistributed trillions of SHIB tokens, still holds about 200 billion SHIB, valued at around $2 million. SHIB has seen a near 30% price increase in the past 14 days, with potential for more growth due to factors like high exchange outflows and a resurgence in the memecoin market, including Dogecoin and Bonk Inu. Astonishing Profits From Investing in SHIB The cryptocurrency industry has attracted numerous people to join its ecosystem over the years due to the chance of making substantial profits. The Shib Magazine revealed one such wild story involving a Shiba Inu investor. The team behind the memecoin project highlighted a particular trader who purchased $8,000 worth of SHIB in August 2020. Due to Shiba Inu's colossal price appreciation in the following months, the investment was worth a whopping $5.7 billion in October 2021. 'This 85-million-percent leap, with SHIB erasing six zeros from its valuation, was later celebrated as the 'greatest trade of all time,' the Shib Magazine added. The mysterious trader sent trillions of Shiba Inu tokens to different wallets in November 2021 (by the time when the memecoin stood at its all-time high price). Etherscan data shows that the investor still holds around 200 billion SHIB, equaling approximatel... read More

Shiba Inu Burn Rate Rises Rapidly In One Week, What's Been Driving It?

    The rise in the Shiba Inu burn rate has no doubt been one of the most notable developments in the community. At the start of the week, the burn rate rose over 7,000,000% after more than 8 billion tokens were burned in a 24-hour period. This trend has not slowed down either given that the burn figures have continued to rise daily. Shiba Inu Burn Surge Continues Earlier in the week when the Shiba Inu burn saw one of its highest daily spikes, the total number of tokens burned had come out to just over 8 billion. At the time, this was a significant figure given that the burn rate had been slowing down over the last year. However, there has been a steady rise in the number of SHIB tokens that are being burned lately, which raises the question of what is driving the burn. After a dip in the burn rate following the 8 billion daily burn, the community is back at it again and their zeal has been rewarded once more. On Thursday, the burn tracker Shibburn reported that the 24-hour figure had crossed 10 million once again. This shows a steady recovery from Wednesday’s figures which had tanked significantly. As Shibburn data shows, the 10.34 million SHIB that were burned in the last 24 hours amounts to an 803.4% increase in the burn rate compared to the previous day. The majority of the burns have, however, come from a single wallet address. The address sent a little over 10.2 million SHIB to the burn address. This recent spike in the BURN rate has also added to the total amount ... read More

Road To $1: Why Did Terra Classic (USTC) Rise 300% In One Day?

    TerraClassicUSD (USTC), the algorithmic stablecoin tied to the LUNA ecosystem, recently went on an upward trajectory to register gains of over 300%. In a stunning cascade of events, the token’s price spike in the past 24 hours has left investors wondering about the implication for Terra Classic (LUNC) and the potential revival of the LUNA ecosystem. USTC Coin Spikes 300% In One Day USTC has lost most of its usefulness as a stablecoin since its implosion in 2022 when it was known as UST. The stablecoin lost its peg to the US dollar which resulted in a chain of events that led to its sister token, LUNA, also losing most of its value and the demise of the Terra-LUNA blockchain ecosystem. After it lost its peg to the US dollar, the stablecoin was rebranded as UST Classic and its value fell to as low as $0.01. It's already been more than a year since the crash, but it looks like the token and some members of the LUNA ecosystem are not ready to give up yet. The latest price action has seen the token spike 300% from $0.01569 to $0.0755 in the past 24 hours. The catalyst for this surge can be attributed to Terra Classic Labs (TCL), a LUNC community project. Terra Classic Labs was created in October 2023 by some members of the former thriving LUNA ecosystem. According to its website, it is dedicated to supporting new LUNC projects for the revival of the Terra ecosystem. In a social media post by Trader QT, an official partner of Luna Classic Labs, the team made a massive purcha... read More

Tidus Wallet – Now Live in the Apple and Google Store: One Wallet ...

    [PRESS RELEASE - New York, United States, November 25th, 2023] Today marks a significant milestone in the world of decentralized finance (DeFi) and blockchain technology. Tidus is thrilled to announce the launch of the much-anticipated Tidus Wallet, now available for download on both the Apple App Store and Google Play Store. In tandem with this launch, the team is also proud to release the comprehensive white paper for TidusDAO, available on Tidus Wallet emerges as a game-changing decentralized wallet, offering a multi-chain, non-custodial platform that empowers users with unparalleled control and security over their digital assets. Catering to the diverse needs of the cryptocurrency community, Tidus Wallet supports a wide array of blockchain networks, making it a versatile and indispensable tool for both novice and experienced users. Key Features of Tidus Wallet: Multi-Chain Compatibility: Seamlessly manage a variety of cryptocurrencies across multiple blockchain ecosystems. Fully Decentralized: Experience true decentralization with enhanced security and privacy. Educational Resources: Unique educational features to guide users through the complexities of the crypto world. Native Dapp Integrations: Users can access the best of defi directly in the palm of their hand with Tidus' custom-built UI/UX across the most popular Dapps. Accompanying the wallet's launch, the TidusDAO white paper offers an in-depth look into their pioneering approach to decentralized go... read More

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