Altcoin Holder

2023-02-01 11:10:53 ​Social Token Platform Rally Shutting Down

Rally, a social token platform on the Ethereum network, announced that it was calling it quits on Tuesday. The news came via an email to the Rally community saying that the Rally sidechain would be sunsetted on January 31—the same day the email was sent.

“As most of you are aware, 2022 was a challenging year not only for the platform, but also for the entire crypto industry,” Rally said in the announcement. “The team has worked relentlessly to try to find a path forward, however, the challenges and macro headwinds are too overwhelming to overcome in the current environment.”

Launched in 2018, Ethereum-based platform for creators to launch social tokens, which lets social media personalities, bands, and esports teams engage with and monetize their communities. Notable creators on Rally include actor and creator Felicia Day, musician BT, and LA Rams wide receiver Brandon Powell. Open / Comment

2023-01-30 12:25:00 ​MATIC Trader Turns $80K Into $4 Million as Polygon Ends Month Up 50%

While many cryptocurrencies have had a favorable run this month, Polygon’s native token appears poised to close out January as a notable standout.

MATIC is up 19% in the past week to $1.19, according to data from CoinGecko, lifting gains for the token to upwards of 50% in January. This comes as the value of Bitcoin and Ethereum have increased nearly 44% and 38% in the past 30 days, respectively.

At the time of writing, MATIC is the tenth-largest cryptocurrency by market capitalization, with a total value of $10.6 billion.

Decrypt’s 2022 Crypto Project of the Year: Polygon
Polygon is a sidechain that runs in tandem with Ethereum and seeks to improve on its counterpart by offering faster transactions and lower fees and serving as a platform for interoperable blockchains.

As the token undergoes a sustained rally, the pseudonymous Twitter account lookonchain pointed out one wallet address that achieved sizable returns with MATIC.

The Polygon whale received 4 million MATIC from cryptocurrency exchange Binance in September 2020 for around $84,000 or just over 2 cents per token. Two days ago, the wallet parted with its MATIC holdings for $5.2 million worth of stablecoins, according to Etherscan.

Even though the sale included more MATIC than the wallet’s initial purchase from Binance, the trader still saw a return of around 50 times the original price that it paid on the 4 million MATIC, worth around $4.5 million or $1.14 per token at the time of sale. Open / Comment

2023-01-28 11:15:04 ​XRP Benefits Program Extended by SBI Holdings Subsidiary

SBI Holdings, a major Japanese financial services company, announced on Friday that its subsidiary, Morningstar, will continue to offer XRP as a shareholder benefit.

The company's year-end rewards program will provide shareholders with XRP rewards of 2,500 Japanese yen ($23) units per 100 shares owned as of March 31, 2023.

The exact amount of XRP offered will be determined based on the market price of XRP recorded on the aforementioned day. As of now, the cryptocurrency is changing hands at $0.40 on the Bitstamp exchange, with its market cap surpassing $20 billion.

SBI Holdings has been offering XRP as a shareholder benefit for quite a long period of time.

It started giving shareholders the option to receive XRP as part of its rewards program back in January 2020.

In order to be able to receive the XRP benefit, shareholders must be residents of Japan and have an account with SBI's cryptocurrency exchange, VC Trade. Launched in 2018, VC Trade is the first cryptocurrency exchange that has the backing of a bank. Open / Comment

2023-01-26 11:24:26 ​Sushiswap to launch a perp dex on Sei Network, 'Head Chef' Says

Decentralized exchange Sushiswap is launching a decentralized perpetual futures exchange on the Sei Network, “Head Chef” Jared Grey said at a conference in Miami.

“It’s a new play for us,” Grey said at Quantum Miami, adding that a contract had been signed earlier in the week. “We’re working hand-in-hand with them on what developer resources need to be allocated from their side for Sushi to leverage what they’ve built so that we can provide value, as a brand, back to them.”

Sei Network, a new Layer 1 blockchain that specializes in decentralized trading applications, is “focused on having an order book and matching engine in their consensus layer, and they want to focus solely on that vertical, and I think that makes a lot of sense," Grey said.

The move will take Sushiswap into non-Ethereum-based ecosystems and a different sector of decentralized finance. The decentralized exchange passed a governance proposal earlier this week to revamp its tokenomics to try and redirect value back to its native token, sushi, and the new exchange could impact Sushiswap’s tokenomics plan and add a new source of revenue for the protocol. Open / Comment

2023-01-23 13:34:08 The Slavi project is announcing its first Dubai Quiz!

Prove your knowledge Dubai and the #Slavi project, earn points and claim your place among the winners vying for a share of the $100,000 SLV prize pool!
 
Take up your place in the ranking and see which of these prizes reflect your wit and mettle!
 
1st - $2,500 SLV
2nd - $1,500 SLV
3rd - $1,000 SLV
4th - $500 SLV
5th-10th - $200 SLV
11th - 20th - $100 SLV
 
Don’t forget about the ten random prizes that include 5 TeddyVerse Mystery Box packs, 4 NFT Rich Teddy, and 1 VIP Teddy (cost $50,000)
 
Just join the contest with a unique account and start earning points! The Slavi development team will determine the winners and reward their efforts!

GO https://gleam.io/niQH3/slaviio-100000-quiz

#Slavi #Quiz #SLV Open / Comment

2023-01-21 12:11:42 ​Crypto Crowd Sentiment Surges as Bitcoin Bulls Bet the Bottom is In.

Prior to the recent DoJ FUD (fear, uncertainty and doubt) and US equity market weakness-induced pullback in Bitcoin and broader cryptocurrency markets on Wednesday, the crypto trading crowd was having its second most bullish week in terms of sentiment in the past 14 months, crypto analytics firm Santiment revealed in a chart shared on Twitter on Thursday.

As of the 17th of January, Santiment’s Bitcoin Weight Social Sentiment (BWSS) index, which is released on a weekly basis, had jumped to 1.219. The jump coincides with Bitcoin’s recent rally back to the north of the $21,000 level for the first time since prior to the abrupt collapse of Sam Bankman-Fried’s FTX/Alameda crypto trading empire.

Santiment’s BWSS index will probably drop a little next week if Bitcoin is unable to recover back to the north of the $21,000 level. BTC/USD was last changing hands in the $20,700s. Prices are currently being held down by some much overdue profit-taking, with the 14-day Relative Strength Index (RSI) having recently rocketed to its most overbought level since early 2021. Open / Comment

2023-01-17 11:09:09 ​Solflare Wallet Brings 'Priority' Gas Fees to Solana

Solflare, a wallet on the Solana network, announced on Monday that its users can now pay higher gas fees to muscle through network congestion.

“[Solflare] is the first to implement this in a user-friendly way," Solrise Finance co-founder Vidor Gencel tweeted. “In-wallet transactions will automatically be prioritized with the current market price for fees, ensuring that your transactions are included faster than those in other wallets.”

"Solflare will automatically detect whether the [Solana] network is under load and slightly increase fees to prioritize your transaction over others," the company tweeted separately. "When it matters the most, your transactions will go through and be fast."

Since its launch in 2019, Solana has become a popular blockchain for NFTs and decentralized applications due to its speed and low costs. Still, those benefits have caused the popular network to fall victim to network congestion when it attempts to handle a rush of transactions. Open / Comment

2023-01-14 11:10:03 ​What You Need To Know About Litecoin Halving in August 2023

Crypto experts believe that the next Litecoin (LTC) halving is scheduled to take place in August 2023. As a result, based on past records, we have penned down what Litecoin’s value tends to be before and after the halving.

Data from TradingView reveals that LTC actively rallies before its halving. For instance, before its first halving, LTC bottomed 122 days and rallied +820%, and post-halving, LTC rallied +14200%.

Again before halving for the second time, LTC bottomed 243 days and rallied +550%. After halving 2, LTC rallied +1574%. This points out the conclusion that LTC is likely to rally more post-halving when compared to that pre-halving.

After the halving, a temporary reversal is seen for LTC. LTC retraced -73% in the 578 days after the first halving, and the coin retraced -83% in the 458 days after the halving 2.

As per crypto analyst Rekt Capital, yet another tendency that is seen in LTC’s case is that it often tops out just before the Halving. For instance, before the first halving, LTC topped 31 days and it also topped 61 days Pre-Halving 2. Consequently, there are chances that in May 2023, LTC top 92 days before halving.

Alternatively, pre-halving tops might also come in doubling fashion which would typically happen in April 2023.

Another crucial point is that the pre-halving rally lasted for 90 days in halving 1 and it lasted for 180 days in the Pre-Halving 2. Thus, with that doubling rate, pre-halving 3 rally might last for 360 days.

Additionally, LTC is forming a Macro Wedge implying the possibility that price compression might occur too. Open / Comment

2023-01-12 19:20:06 ​Tron’s USDD Stablecoin Experiences Fluctuations Again, Drops Below $1 Parity in Early 2023

The Tron-based stablecoin USDD fell below $1 parity again during the first week of 2023 and on Jan. 10. Four days ago, the stablecoin dropped to $0.972 per unit and on Tuesday, Jan. 10, 2023, USDD slipped to $0.977 per unit. At the time of writing, the Tron-issued stablecoin is trading at 98 cents per coin.

There have been some slight fluctuations in USDD’s price at the start of the new year, as the stablecoin has dipped to the 97-cent range on a few occasions in 2023. After Terra’s stablecoin depegging event in May 2022, USDD started to slip slightly below the $1 peg, causing anxiety in the crypto industry. A number of other stablecoins saw similar deviations. On June 19, 2022, USDD reached a low of 92.8 cents per unit, but the stablecoin managed to regain the $1 peg, trading between 98 cents and 99 cents per unit.

In mid-Dec. 2022, USDD deviated from the $1 parity, and Tron’s Justin Sun said that the team deployed more capital. USDD has seen fluctuations in value since Dec. 11, 2022, and it reached a low of $0.971 on Dec. 13, 2022, according to coingecko statistics. Last week, a similar instance occurred as the USDD price dipped to $0.972 per unit on Jan. 6, 2023. Charts show that USDD’s action four days later on Tuesday, Jan. 10, 2023, indicates that the stablecoin slid to a low of $0.977 per unit during the past 24 hours. Open / Comment

2023-01-10 10:40:01 ​US Bankruptcy Court Rules Celsius Deposits Belong to the Firm

A New York bankruptcy court has ruled the deposits on high-interest-earning accounts belong to Celsius, the embattled former cryptocurrency lending firm, that filed for Chapter 11 bankruptcy protections in July. The decision establishes a precedent that might affect the status of other, similar cases involving crypto companies like Blockfi and FTX.

A U.S. bankruptcy court has made a key ruling in the conflict that Celsius, a former cryptocurrency lending firm, and its customers, maintain over the ownership of deposits. Judge Martin Glenn, of a New York-based bankruptcy court, ruled in favor of the company, stating that it has the right over these funds, allowing it to harness the assets in any way, including lending, selling, and pledging these assets for investment purposes.

The company had filed a motion to get approval for selling $23 million from its stablecoin stash on Sept. 15, and this ruling frees the path for the company to complete this operation. The decision states that Celsius’ terms of service, an agreement that all users must approve before being serviced by the company, was “unambiguous” in establishing the ownership of these funds deposited in favor of the firm. Open / Comment