Crypto analyst Mike McGlone is predicting that Ethereum, at some point, will likely eclipse bitcoin and become the number one digital currency by market cap. Mike McGlone Thinks Highly of Ethereum As a senior commodity strategist for Bloomberg, McGlone has been following cryptocurrencies for a long time just like the rest of us. In a new report, he details why Ethereum – still only the second largest digital currency in the world at the time of writing – could...
Read More »1inch DApp Announces Its Own Limit Order Protocol Replacing 0x
The new 1inch Limit Order Protocol offers users extensive flexibility while reducing the trade execution costs as well as execution time considerably.Distributed decentralized network 1inch has unveiled its new innovative protocol dubbed 1inch Limit Order Protocol. It will be available on different blockchain networks like Polygon, Ethereum, and Binance Smart Chain.Besides, it will also support other chains connected to the 1inch network. The 1inch Limit Order features allow users to buy and...
Read More »Crypto Price Analysis & Overview June 11th: Bitcoin, Ethereum, Ripple, Polkadot, & Matic
It was a rather unfortunate week for the entire cryptocurrency market as most of the coins are trading in the red. Bitcoin is no exclusion, though it’s the one the best performer, relatively speaking, compared to major altcoins. Bitcoin Bitcoin is down by a small 4% over the past week as it currently sits above the 20-day MA at $37,000. The cryptocurrency saw an interesting week after testing $39,200 last week. There, it found resistance at a falling trend line and failed to...
Read More »Orbs Becomes Official Sponsor of Chainlink Reference Data Networks to Support Accurate Price Feeds in DeFi
[PRESS RELEASE – Tel-Aviv, Israel, 11th June 2021] Orbs has officially become an official sponsor of Chainlink Reference Data Networks, supporting the oracle price feeds. The sponsorship means that Orbs is helping secure and decentralize Chainlink oracles, while at the same time enabling smaller projects to use Chainlink free of charge. The oracle network currently relies on sponsors to incentivize the data providers and pay for their services, which means that sponsors are...
Read More »Bitcoin Stable at $37K: ETH Crashed 15% Against Bitcoin in Less Than 2-Days (Market Watch)
Bitcoin continued with recovering the most recent losses and ever went further to a six-day high at $38,500 before calming down. Most altcoins, though, have failed to produce any gains, and BTC’s market dominance has jumped to 44%. Bitcoin Tapped 6-Day High After bottoming at $31,000 on Tuesday, the primary cryptocurrency started to reclaim its lost ground gradually. It spiked by around $3,000 on Wednesday, added another sizeable chunk on Thursday, and kept climbing higher in...
Read More »Reddit Cofounder Alexis Ohanian Says He Has ‘A Lot’ Of Ethereum
Alexis Ohanian is a versatile man: billionaire, philanthropist, founder of Reddit, Initialized Capital, and husband of the famous tennis player Serena Williams. Recently, Seven Seven Six, his new venture firm, closed a funding round after raising 150 million dollars, a feat that brought him to the media’s spotlight, eager to know his vision about the business world… and the future of cryptocurrencies. How Much ETH Does Ohanian Owns? In an interview for CNBC, Ohanian devoted a...
Read More »Amber Group Announces New Amber App Referral Program
[PRESS RELEASE – Please Read Disclaimer] Amber Group, the leading crypto trading and technology firm, announced new user perks and an enhanced referral program on its popular crypto finance mobile app – Amber App. Starting today, qualified new users are eligible to receive 18 USDS and up to 16% APR on BTC, ETH, and USD stablecoin deposits. In addition, current Amber App users are now eligible to win an additional 10 USDS for each qualified referral, an 11% bonus from the...
Read More »Polygon and 0x Announce $10M Fund to Onboard One Million Users
Polygon has announced that it will be partnering with 0x to raise a total of $10.5 million that will be used to attract more users into choosing its platform and the Ethereum blockchain. According to a press release shared with CryptoPotato, the funds will be used to support projects and developers on the Polygon network, thus leading to the development of a secure and robust DeFi infrastructure. Polygon expects to attract at least one million users to its network and the...
Read More »Ethereum Price Analysis: ETH Bulls Defending an Important Level, Will $2,500 Hold?
ETH/USD – ETH Falls Beneath Ascending Triangle. Key Support Levels: $2470, $2330, $2200.Key Resistance Levels: $2700, $2890, $3000. ETH fell beneath an ascending triangle pattern tracking over the past fortnight after dropping to $2600 on Monday. It fell beneath the lower boundary (dashed line) and continued until support was established around the $2500 level. The coin did spike as low as $2330 during the week but is now attempting to maintain itself above the newly formed...
Read More »Post-Irony and Pixel Art: Degen’s Farm Is Merging DeFi Culture and NFTs
“It ain’t much, but it’s honest work.”The NFT playground has been growing at a tremendous rate lately. But there are still very few projects in the space that can be called true art with a solid concept, and newly built NFT universe Degen’s Farm wants to be one of those. This is a game made to farm rare NFT pixel art creatures, but that’s not all. Being described as a modern fairytale about DeFi and the rise of decentralization, this game represents the first experiment in dynamic NFT...
Read More »