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Top 7 Altcoins Set to EXPLODE Post Ethereum Merge

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Top 7 Altcoins Set to EXPLODE Post Ethereum Merge

It hasn’t passed a long time since the recent ETH merge that everybody is buzzing about in the crypto world. In 2022, the market witnessed an influx of retail investors to join the market and enjoy returns of double, triple digits, and even more on their investments.

Experts say things will soon take a huge turn post-ETH, and all of the biggest crypto exchanges have invested in this. The ETH merge is meant to revolutionize the blockchain, and the crypto ecosystem could also benefit tremendously. 

Therefore, based on the extreme changes that the ETH merge brought, we have specified seven cryptos that could explode soon due to this upgrade to the blockchain.

List of the Altcoins Set to Explode Post Ethereum Merge

Below, there is a list of the altcoins ready to explode their growth and price increase after the recent Ethereum merge that took place.

  1. Tamadoge (TAMA)
  2. Battle Infinity (IBAT)
  3. Lucky Block (LBLOCK)
  4. Cardano (ADA)
  5. Decentraland (MANA)
  6. Ripple (XRP)
  7. Solana (SOL)

Tamadoge (TAMA)

tamdoge - play to earn 2

Tamadoge is a meme coin with its own Tamaverse, allowing users to create, breed, and battle their Tamadoge pets. It is deflationary crypto, where users battle to climb up the leaderboard by gaining points. So, players with the most points at the end of each month can claim their winnings from the monthly Dogepool.

Tamadoge uses the latest NFT and other token standards, and it is a token that can inject life into your Tamadoge pets. Undoubtedly, this project is very serious, knowing that it’s backed by a team of knowledgeable crypto experts, developers, and designers who know this crypto field inside and out.

Generally, most crypto projects impose transaction taxes on their users, involving the project taking a percentage of the tokens, which are transferred, bought, or sold. Many of these projects do this to make long-term funding for their project, especially when the tokens lack real utility.  

In comparison to other tokens, Tamadoge is a different story because it doesn’t use any transaction tax. They believe value should be forged from the project itself and not only from those trading the token.

This meme coin with utility is simply crushing social media platforms, and it has already reached almost 50k followers on Twitter. Moreover, it just raised $19 million in its presale phase! 

Tamadoge was established and created by high-profile meme coin owners with no vesting period and zero tax on all TAMA transactions. So, whenever you make a purchase in the Tamadoge store, you always pay with the Tamadoge token (TAMA).

>>Buy Tamadoge Now<<<

Battle Infinity (IBAT)

battlevision

Battle Infinity is way more than just a simple and standard token. Moreover, it is an ecosystem that focuses on fantasy sports, allowing its players to form teams and battle with other players to reach a higher league rank.

This platform uses IBAT as a native token hosted on the Binance Smart Chain. In addition, all in-game assets are valued through IBAT, and players can use it for transactions, staking, and other activities. 

Battle Infinity was listed on LBank Exchange on August 26, 2022, as an idea to expand its global reach further and acquire its vision.

The principal goal of Battle Infinity is to revolutionize fantasy sports by contesting against extremely popular companies in India, such as Dream11. 

In addition, India has been adopting blockchain technology faster than other countries, creating some brilliant applications with the technology we’ve been introduced to. Besides Battle Infinity, there are plenty of other successful Indian crypto coins, including Polygon, known as the Matic network, WazirX, CoinDCX, etc.

The Coinsniper platform reported that Battle Infinity is KYC verified and has received over 193,900 votes. This discards the possibility of the BI team taking the investors’ money and disappearing overnight. Also, it’s been claimed that Battle Infinity’s smart contract was audited for vulnerabilities by Solid Proof, which gives another layer of security to the players.

Battle Infinity consists of six different products: 

  • IBAT Premier League
  • IBAT Battle Swap
  • IBAT Battle Market
  • IBAT Battle Games
  • IBAT Battle Arena
  • and IBAT Battle Stake.

The presale for IBAT tokens ended recently, 66 days before the initial target date, because $5 million in BNB tokens were sold faster than expected.

Battle Infinity is as officially listed on PancakeSwap, which also provoked a huge price increase. At the moment of writing, IBAT is priced at $0.003093, with a 24-hour trading volume of $84,871.71.

>>Buy  Battle Infinity Here<<<

Lucky Block (LBLOCK)

luckyblock

Many crypto investors have already heard of this project, as it became the fastest cryptocurrency that reached a $1 billion market cap this year. 

Lucky Block is an NFT competition platform that proposes daily competitions – decentralized, fair, and transparent. Lucky Block’s native token is LBLOCK and uses the BEP-20 standard, forms a vital part of the Lucky Block ecosystem, and is especially used for various tasks, including rewards allocation.

Lucky Block is different from other crypto projects because everyone is a winner in the Lucky Block project. As long as users own LBLOCK or a Lucky Block NFT, every Lucky Block user can claim a part of the rewards pool for voting on the next charity to get a donation from Lucky Block. 

This method allows players to win, even if they aren’t successful in the weekly prize draws. Moreover, every LBLOCK holder with a holding valued at $500 per day before the jackpot draws can claim one ticket completely free.

Entries are completed through NFT collections minted for each prize. Additionally, if you are a Platinum Rollers Club NFT owner, you get free entry into all the designated Platinum NFT prize competitions. 

Tickets for the special prize draw cost only $1 with a minimum purchase amount of 5.

Recently, Lucky Block’s team has developed a new version, called ‘LBLOCK v2’, which has been released to the public. The newer token version uses the ERC-20 over the BEP-20 standard, which is native to the Ethereum blockchain. Given the fact that Ethereum has the greatest selection of dApps, there is now potential for LBLOCK to be integrated into a list of exciting projects.

LBLOCK v2 is no longer featuring the sales tax, compared to the original LBLOCK token, meaning that it is much more appealing from an investment perspective. So, day traders can now trade LBLOCK freely, which helps them increase liquidity and drive demand.

>>Buy Lucky Block on Lbank<<<

Cardano (ADA)

Cardano (ADA) is a decentralized public blockchain initiative. After the first and second-generation cryptocurrencies, Bitcoin and Ethereum, Cardano (ADA) comes next. Being a third-generation crypto platform, Cardano’s developers are working hard to increase the range of the platform’s use cases. 

The platform currently manages over 80,000 transactions daily, but there is room for expansion. 

Cardano is a scalable, flexible, and versatile blockchain platform for smart contracts that enables the output of several decentralized financial applications, new cryptocurrencies, games, and other software. 

Cardano’s network is ranked among the top three blockchains in terms of protocol and security.

Decentraland (MANA)

In short, Decentraland is a cryptocurrency protocol where users can purchase plots of land in the metaverse – also called digital plots. After buying these digital plots, you’re free to develop them or sell them at a higher price.

You’ll be delighted to learn that Decentraland is more than just a platform where users purchase digital plots of land. It also allows users to communicate and interact with each other via the virtual reality world. In addition, it includes different kinds of virtual content, in-world gaming, etc. 

MANA is a crypto token used for buying digital plots of land. It also serves as a means for in-world payments.

Ripple (XRP)

XRP is the native Ripple coin that enables transactions on the blockchain.

Transactions on XRPL take roughly 3-5 seconds and cost around $0.0002 per transaction. Importantly, the Ripple blockchain can process 1,500 transactions a second and consumes less electricity than Bitcoin.

Financial institutions around the world use XRP to enable cross-border payments. Individuals and businesses can use XRP to make secure payments. Also, Ripple is working on CBDCs with several countries, including research in the US and UK.

Solana (SOL)

Solana is a highly functional open-source project that drifts on blockchain technology’s nature to provide decentralized finance (DeFi) solutions. The Solana protocol is developed to promote decentralized app (DApp) creation. It aims to improve scalability by introducing a proof-of-history consensus united with the blockchain’s underlying proof-of-stake consensus. 

Solana is also growing in the fields of GameFi and DAOs because its network saw an increase in NFT market interactions and DAO activity, strong interaction with GameFi, and a decline in DeFi market share.

Because of the innovative hybrid consensus model, Solana also relishes interest from small-time and institutional traders.

Conclusion

Undoubtedly, after the recent Ethereum merge that took place, it will bring many changes to the crypto world. Therefore, it means that some coins will take advantage of it and yield more profit for investors, whereas some coins will drastically drop and cause serious financial damage to their investors.

All in all, we made a prediction and listed some of the current altcoins worth investing in. Thus, take a look and make a decision for yourself.

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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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