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MASSIVE Gains on Horizon for WTRX & UNI – but who else is surging in the latest bull rush?

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MASSIVE Gains on Horizon for WTRX & UNI – but who else is surging in the latest bull rush?

It is interesting to see that even though the price of top cryptocurrencies like Bitcoin and Ethereum have dropped significantly, new cryptocurrencies are still gathering interest in the market. Also, gaming in the metaverse seems to be the latest trend in Web3, and crypto projects involving the Metaverse have been surging. 

Investors have gained massive profits by investing in new cryptocurrencies. Presently, the prices of some of these new cryptocurrencies have more than quadrupled – setting them apart from other coins. 

There have been strong indications of a considerable price fluctuation in the crypto market very soon, and many Crypto coins will increase in value exponentially. 

We have curated a list of some coins that have become popular and promise massive gains on the horizon.

List of the Top Cryptocurrencies Hitting Massive Gains

Here is a list of the top digital assets with massive gains on the horizon:

  • Tamadoge (TAMA)
  • Battle Infinity (IBAT)
  • Lucky Block (LBLOCK)
  • IMPT.io (IMPT)
  • Wrapped Tron (WTRX)
  • Uniswap (UNI)

TAMA

TAMA is one of the biggest crypto coins this year, and for a good reason. It is the virtual token of the Tamaverse, a decentralized gaming ecosystem in the metaverse. It is the currency used to participate in the play-to-earn game that involves designing and breeding unique Tamadoge pets and using them to compete with other players. 

Unlike the other “Meme coins” like the Dogecoin and Shiba Inu, Tamadoge is deflationary and has become one of the best coins in 2022. 5% of Tamadoge is usually “burnt” to maintain its deflationary nature, 30% Is used for promotional purposes, and the remaining 65% for the Play to earn pools and winnings. Tamadoge was sold out in its first presale, seeing a turnover of more than 900%, and has already been listed on top trading platforms like OKX, BitMart, and Uniswap, as well as the decentralized OKX DEX for those who cannot use the centralised exchange. 

tama2

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IBAT

Battle Infinity (BI) was one of the fastest-selling coins this year – it is a cryptocurrency used in the upcoming metaverse ecosystem filled with competitive play-to-earn gaming elements. Battle Infinity consists of six platforms, with the IBAT premier league being the most popular. 

Players can use the battle infinity coin to participate in the NFT marketplace and purchase plots for their virtual lands. 

Players can create their unique avatars and compete with one another for a spot on the leaderboard. Rewards would be given out regularly based on positions on the leaderboard, with 28% of the total supply accessible for investors in the presale. 

With 10 billion coins in circulation, Battle infinity had reached a market cap of 60 million dollars and was sold out before the presale period reached its deadline, gaining 700% of the presale.

battle infinity

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LBLOCK

Lucky Block is a coin that is gradually revolutionizing the lottery system in gaming. Because of its decentralized nature, players are developing more interest in the currency as it solves some problems relating to the lottery system in gaming, such as transparency and lack of trust in jackpots. 

Unlike in other platforms, all the winnings would be displayed publicly on the blockchain, and players can also decide where the charitable aid can go. Lucky block even distributes 10% of its Jackpot winnings to every token holder, meaning a chance for a steady source of income in the future. 

Lucky block sold out in its first prize draw and NFT pool and has been listed as one of the best coins under $1. It is currently on the listings of platforms such as MEXC and Gate.io.

lucky block

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IMPT 

Mining cryptocurrencies consumes high energy usage and leaves carbon footprints. Because of this, environmentalists have become increasingly hostile to cryptocurrencies such as Bitcoin. However, these opposing sustainability views on the blockchain are about to change, all thanks to  IMPT.

IMPT is the token for the IMPT Green Project, which aims to reduce the carbon footprint caused by Cryptocurrencies. Top companies and communities are purchasing these tokens to control and ease carbon emissions.

IMPT connects individuals and companies with brands seeking to reduce carbon emissions, allowing these entities to perform carbon offsetting efficiently. 

By purchasing an IMPT, you can get a carbon credit of NFT, which can be used to trade for other items in the blockchain. A certain percentage of the token amount goes to carbon offsetting activities, meaning buyers would be encouraged to reduce their carbon footprint to earn rewards. 

The reception for the IMPT has been tremendous, with over $150,000 made in less than 24 hours. There are 3 billion IMPT tokens available, with 40% set for investors in the presale.

impt hq

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WTRX 

Tronix, also known as WTRX, is the native crypto coin of Tron. Tron is a platform based on the blockchain that offers two primary services to its users. One is the sharing of Media files and other documents in a decentralized way. 

It is one of the big platforms that aim to decentralize the internet and enable faster sharing of files between individuals without relying on third-party applications, and the idea has been well received. 

In 2017, WTRX raised over 60 million dollars in the initial coin offering, showing its massive potential. Unlike popular cryptocurrencies like Bitcoin and Ethereum, there is no known limit to the number of Tronix available, even though it is estimated to have a supply cap of 100 billion. 

Because of the popularity of video streaming and file sharing via services such as YouTube and Netflix, Tronix has seen an increase in value over the years, reaching an all-time high of $0.16 in mid-2021. Although it later dropped like most other coins in 2021, it has seen another surge in value. Its current value is $0.06, with a recent 0.3% price increase. 

TRON

UNI

Uniswap (Uni) is another coin that has been on the rise. Lately, it is the native token of the UniSwap decentralized economy, which is a resource provided for trading and assets on the Ethereum network. 

The Uniswap procedure provides incentives between users to facilitate faster and easier transactions. At the start of the minting of Uniswap, a total of 1 billion UNI was generated. 60% was distributed to the community members, while 40% was to investors because of the simplicity, efficiency, and the fact that holders of UNI have partial ownership of Uniswap and voting rights. 

UNI has grown in value –  today, the price is at $6.77, with a 3.89% surge recently. 

Final Thoughts

With the recent surge in interest regarding the metaverse and the financial ecosystem surrounding it, there is much to expect. Companies are acquiring more digital assets, which has made many cryptocurrencies experience a rapid rise in value.

According to research communities, by 2030, financial opportunities in Metaverse would grow to more than 5 trillion dollars, meaning that the cryptocurrencies and NFTs used to trade in the metaverse would become a must-have for most people. 

We have listed some recent cryptocurrencies that have become so popular, especially TAMA, IBAT, and LBLOCK. These coins have shown potential to become top traded currencies. If you are interested in investing in Crypto coins and the Blockchain ecosystem, consider checking out or purchasing them, as they might rival the older Cryptocurrencies in the Market.  

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FTX’s Sam Bankman-Fried Knew More About Alameda Research Finances Than Let On: Forbes Report

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FTX’s Sam Bankman-Fried Knew More About Alameda Research Finances Than Let On: Forbes Report
  • A report by Forbes reveals that Sam Bankman-Fried knew about Alameda Research’s financial dealings.
  • SBF previously denied being “deeply aware” of Alameda’s finances. 
  • The former FTX chief regularly shared documents related to Alameda with Forbes over the past 2 years. 
  • The report indicates that SBF was well aware of Alameda’s business activities. 

An exclusive report published by Forbes has shed light on information that is in contradiction with recent claims made by Sam Bankman-Fried, the man behind the bankrupt crypto exchange FTX. 

Sam Bankman-Fried was aware of Alameda’s finances

In an interview at the DealBook Summit, SBF claimed that he was surprised by how big Alameda’s position was, referring to the risky trades made by his quantitative trading firm. The disgraced CEO tried to avoid accountability for Alameda’s actions by claiming that he was not involved in its day-to-day operations. “Alameda’s finances I was not deeply aware of. I was only surface-level aware of Alameda’s finances” he claimed. 

However, the report by Forbes provides an insight into the discussions they had with SBF in order to calculate his net worth for their annual World’s Billionaires list. During these discussions, Bankman-Fried shared several details that indicated that he was in fact well aware of Alameda Research’s finances. 

In order to prove his net worth, SBF detailed some of Alameda’s major holdings and several transactions involving Solana and Serum tokens as well as the notorious FTT. Some of these details were shared as recently as August 2022. The level of information found in the documents shared by Sam Bankman-Fried suggested that he knew more about Alameda than he revealed during his controversial interview. The former FTX CEO included details about his quant trading firm’s funds along with its token holdings, which at the time included 53 million SOL, 176 million FTT, and more than 3 billion SRM. According to this, the value of his share of Alameda’s funds under management was $8.6 billion. 

FTX's Sam Bankman-Fried Knew More About Alameda Research Finances Than Let On: Forbes Report 11

While it is still unclear as to how involved Sam Bankman-Fried was in the day-to-day operations at Alameda Research, the detailed description of the trading firm’s finances shared by him suggests that he knew more than he let on. 

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Mike Novogratz’s Galaxy Digital might buy crypto custodian GK8 from Celsius

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Mike Novogratz’s Galaxy Digital might buy crypto custodian GK8 from Celsius

Summary:

  • Galaxy Digital won a bid to buy one of Celsius’s assets as part of bankruptcy proceedings for the crypto lender.
  • Mike Novogratz’s company will buy GK8, a custodial business that Celsius acquired over a year ago in November 2021.
  • The custodian plans to launch crypto trading and lending for institutional investors.

Galaxy Digital submitted a successful bid for GK8, a crypto custodial service listed as an asset by Celsius during the lender’s bankruptcy proceedings. Both entity did not disclose the acquisition sum at press time. 

GK8 was acquired by Celsius in November 2021 when the bull run was near its peak. Months after, the lender was crippled by slumped crypto prices and Terra exposure. Celsius paused withdrawals shortly after LUNA and UST imploded in May, before declaring bankruptcy in July,

CEO Mike Novogratz said in a statement that adding GK8 to Galaxy Digital’s businesses offers a key ingredient for growth. Novogratz also addressed concerns regarding possible conflict of interest from the deal, ensuring that “clients will have the option to store their digital assets at or separate from Galaxy”.

Adding GK8 to our prime offering at this pivotal moment for our industry also highlights our continued willingness to take advantage of strategic opportunities to grow Galaxy in a sustainable manner.

Galaxy will also expand its workforce by some 40 employees as part of the deal. The firm hopes to onboard blockchain developers and cryptographers to name a few.

Galaxy Digital scoops Celsius asset after $76.8 million FTX exposure 

The digital asset firm reported losses in Q3 earnings after weathering contagion from Terra’s $40 billion crash. Galaxy’s earning report also revealed exposure to the bankrupt crypto exchange FTX. 

EWN reported that Novogratz’s firm tried to withdraw $47.5 million of the total sum from FTX before Sam Bankman-Fried’s exchange froze withdrawals.  The company

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Coinbase Calls Out Apple For Blocking NFT Transactions On iOS

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Coinbase Calls Out Apple For Blocking NFT Transactions On iOS
  • Coinbase has revealed that its latest app update was blocked by Apple.
  • Users of Coinbase Wallet iOS can no longer send NFTs.
  • Apple reportedly wants 30% of the gas fees levied on NFT transactions.
  • The exchange has warned that this will have a major impact on iPhone users that interact with NFTs.

Coinbase, the largest crypto exchange in the United States, has called out tech giant Apple Inc. for its monopolistic policies on commissions on NFT transactions. In a lengthy Twitter thread earlier today, Coinbase Wallet revealed that Apple had blocked its latest app release. The reason for this restriction is the gas fees associated with NFTs. Apple has reportedly claimed that the gas fees required to send NFTs need to be paid through their In-App Purchase system so that they can collect 30% on the fees. 

Coinbase: 30% commission not possible

The crypto wallet provider has clarified that the demands made by Apple are not possible to meet. The company has further alleged that Apple’s new policies are aimed at protecting their profits at the expense of consumer investment in NFTs. Additionally, this move also creates a hindrance in developer innovation across the crypto ecosystem. 

For anyone who understands how NFTs and blockchains work, this is clearly not possible. Apple’s proprietary In-App Purchase system does not support crypto so we couldn’t comply even if we tried.”

According to Coinbase, iPhone users that own NFTs stand to lose the most from Apple’s policy change. The policy will make it difficult for users to transfer NFTs. Coinbase has indicated that it is willing to work with the tech giant to find a solution. 

We hope this is an oversight on Apple’s behalf and an inflection point for further conversations with the ecosystem. @apple – we’re here and want to help

— Coinbase Wallet (@CoinbaseWallet) December 1, 2022

Apple’s de-facto ban on NFT trading

Apple has ignored repeated calls to exempt NFTs from its notorious 30% cut, which has been dubbed the “Apple Tax”. On 24 October 2022, the firm updated its App Store policy, which included guidelines for NFTs as well. This was the official nod from Apple for iOS apps offering in-app NFT buying and selling as well as minting, as long as the “Apple Tax” is paid.  

Per a report by The Information, Apple’s app store policies have had a direct impact on NFT startups. Due to these policies, NFT marketplaces don’t even consider selling through mobile apps, leaving a large portion of potential buyers untapped. According to Magic Eden’s co-founder and Chief Technology Officer Sidney Zhang, Apple’s commissions are the reason why her NFT startup has never offered buy and sell functions on its app. 

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