Author: Crypto News Live
Renowned crypto trader DonAlt shares his valuable insights into the current market trends, shedding light on two altcoins that have captured his attention. Top Altcoin PicksLido DaoDuring a recent strategy session, DonAlt, whose YouTube channel boasts of over 50,700 subscribers, highlighted the potential of LDO, the native token of liquid staking service Lido DAO. Despite a significant retracement from its peak of $2.48, DonAlt emphasizes that LDO remains an appealing choice for those bullish on altcoins. At the time of writing, LDO is trading at $2.14, presenting an enticing opportunity for investors.LitecoinAnother altcoin that has caught DonAlt’s attention is Litecoin (LTC), primarily due…
Blockchain Metaverse-focused blockchain MultiversX, formerly known as Elrond, is teaming up with crypto browser Opera to integrate support for its growing ecosystem. Opera users can explore the decentralized internet with the MultiversX network integrated into the browser’s interface. Users will also be able to transact with its native tokens EGLD or ESDT, connect to MultiversX-based non-fungible tokens (NFTs) and access decentralized applications built on the network. Beniamin Mincu, CEO of MultiversX, told CoinDesk that integrating the network into Opera gives users a more accessible path into the Web3 ecosystem. “By being integrated into the Opera browser suite, MultiversX is leveraging…
NFT So much for static JPEGs—Ethereum NFT project Deadfellaz is taking the standard profile picture (PFP) to the next level, today announcing the launch of animated avatars that holders can use to present themselves on Twitch and YouTube streams, as well as video calls. The new “Streamingfellaz” extension gives Deadfellaz NFT collectors, better known as “The Horde,” the ability to use their existing JPEGs as a video avatar, similar to virtual hosts like Gawr Gura, Mori Calliope, Ironmouse, and CodeMiko. It’s part of the broader “vtuber” (virtual YouTuber) trend of animated avatars representing the real people behind the streams. The…
Web3 infrastructure company, Upstream, is set to launch an online course called “My First DAO,” aiming to educate individuals interested in building decentralized autonomous organizations (DAOs). The comprehensive 24-week program will cover topics such as tokenomics, governance structures, and compliance concepts, providing participants with the necessary tools for creating autonomous online communities. The “Learn and Earn” ModelWhat sets this course apart is its unique “learn and earn” model, which incentivizes participants to actively participate and contribute throughout the program. To enrol, individuals must acquire a dolphin-themed NFT named “DAOphin,” created by renowned artist Process Grey.At the conclusion of the 24-week program,…
A skilled Ethereum (ETH) whale made over 10X in gains on Pepecoin (PEPE), according to on-chain data-tracking firm Lookonchain. Lookonchain reports that an Ethereum whale that nicknamed itself “BlackRock Fund” flipped $244,000 into over $2.63 million trading PEPE. “BlackRock Fund bought 1 trillion PEPE ($244,000 at that time) at an average price of $0.0000002431 on April 21, and sold all 1 trillion $PEPE ($2.63 million at that time) at an average price of $0.000002627 on May 5. The profit is ~$2.39 million (10x).” Source: Lookonchain/Twitter Now, Lookonchain says that the mysterious entity has withdrawn most of its PEPE bag from…
Cardano sees revived hope in transaction metrics despite the recent market slowdown. ADA sees some demand from retail buyers but whales are still on the bench. Every once in a while the crypto market experiences a significant slowdown and relative stagnation, such is the case under the current conditions. However, in such instances, it is important to look at which networks are still delivering healthy growth and Cardano [ADA] is currently among them. Is your portfolio green? Check out the Cardano Profit Calculator According to a recent IntoTheBlock analysis, Cardano’s transaction data demonstrated healthy growth that underscored the current state…
Blockchain Australia’s stock market operator has decided to abandon its plans of rebuilding its software platform using blockchain technology, marking a significant rejection of the once-celebrated concept that gained prominence through its association with cryptocurrencies. The Australian Securities Exchange (ASX) caused frustration among market participants in November when it decided to pause the rebuild of its comprehensive trading, settlement and clearing software based on decentralized computing. An external review concluded that after seven years of development, significant rework was necessary. Following the initial pause, the company has indicated that it is exploring alternatives for a new attempt to rebuild its…
NFT In a notable shift in Ethereum’s gas consumption patterns, Non-Fungible Tokens (NFTs) no longer reign as the top gas guzzlers on the network. Data from the crypto analytics platform Nansen revealed that last week, NFT marketplaces accounted for just over 3% of all gas consumption. In stark contrast, the decentralized exchange Uniswap used more than ten times that amount, clocking in at 31.99%. Highlighting the development, Nansen tweeted: Gone were the days of NFTs topping the Ethereum gas-consuming charts. This week, of the top 20 gas consumers, OpenSea and Blur accounted for less than 10% combined.And against all gas…
Vitalik Buterin, in a recent post, stated how the reuse of validators for different purposes may compromise the security of the Ethereum network. ETH’s price and network usage didn’t react to Vitalik’s blog post. The consensus mechanism of the Ethereum network stands as one of the most robust and secure cryptoeconomic systems available. With approximately 18 million ETH, equivalent to around $34 billion, held by validators, blocks are successfully finalized every 6.4 minutes. Realistic or not, here’s ETH market cap in BTC’s terms Should Ethereum’s technology be multipurpose? Due to the robustness of this technology, many have suggested alternative uses…
ETH sell pressure drops to a monthly low as the market loses volatility. A lack of bullish momentum confirms that the bears are still waiting on the sidelines. Ethereum’s native currency ETH has been relatively dormant for almost two weeks during which it delivered some sideways activity. This performance may not last for long as ETH might be about to regain volatility according to this new data. Read Ethereum’s [ETH] price prediction 2023-24 The latest data from Glassnode revealed that ETH bears were losing grip over the market. This may create an opportunity for the bulls to dominate. But are…
