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2022-04-13 13:05:00 ​​Long Term Shiba Inu Holders Increase Holding By 57% In 30 Days, Benefit Massively From Token Surge

Long Term Shiba Inu Holders Increase Holding By 57% In 30 Days.

Long-term Shiba Inu (SHIB) holders are reaping the fruits of their undying support for the dog-themed cryptocurrency project, following a listing of the digital currency on Robinhood.

According to data published by popular cryptocurrency analytic data platform IntoTheBlock, addresses holding Shiba Inu for over a year had increased their balance of the coin by 57% in the past 30 days.

Following the massive accumulation of the 15th largest cryptocurrency, addresses in this category now hold 2.82% of Shiba Inu total supply.

As reported on The Crypto Basic, Ethereum whales have seized every opportunity to increase their SHIB holdings, with billions of the cryptocurrency added at intervals.

Many thought these traders had lost their minds given that the Shiba Inu team seem to have neglected SHIB in its recent development, especially as holders of the cryptocurrency were denied from purchasing land in its metaverse.

Interestingly, traders were heavily compensated after Robinhood added support for SHIB, pushing its price to a high of $0.00002874 over the last 24 hours.

SHIB, which fell to a low of $0.00002201 earlier today, is up over 30% in the last 24 hours, with traders who bought the coin in the past month being the major beneficiaries of the surge. Open / Comment

2022-04-12 12:10:00 ​​Cardano Reports 1600% Growth in ADA Wallets So Far in 2022

The number of wallets holding the Cardano blockchain's native token, ADA, has increased dramatically since the past year, as evidenced by the increase in the number of wallets holding the network's native token.

Cardano has grown by 1600% from December 2020, when there were 186,000 wallets, to the first quarter of 2022, when there are now approximately 3,200,000 wallets.

The rapid expansion of the network has coincided with an increase in the number of wallets in Q1. U.Today previously reported on the 11 ways Cardano plans to scale in 2022, and these improvements have led to increased interest from investors, especially institutional investors, as the number of on-chain transactions exceeding $100,000 grew 50x in 2022.

Cardano is in the early stages of the Basho phase, to develop an efficient ecosystem to enable and stimulate the creation of decentralized applications (dApps). With smart contracts currently in place, Basho is all about scale and network optimization. The Hydra protocol family plays an important role in this. Hydra is a collection of Layer 2 solutions aimed at improving network security and scalability.

Cardano ecosystem and ADA price action

Cardano is seeing massive growth in the number of projects and on-chain activity. Nearly 900 projects are currently building on Cardano, with NFT marketplaces accounting for 3.6% and NFT collections representing a bigger chunk of 47.9%.

At the time of publication, ADA trades down 2% at $1.02, per CoinMarketCap, and is ranked the eighth largest cryptocurrency by market capitalization. Open / Comment

2022-04-11 12:45:00 ​​Top 3 Trending Searches on CoinGecko as per CryptoDep

Moonbeam enables its simple to utilize popular Ethereum developer tools.
Astar is up 10.92% in the last 24 hours.

Astar (ASTR)
On Polkadot’s Astar Network, Ethereum, WebAssembly, and layer 2 solutions like ZK Rollups are supported. Multi-chain smart contract platform Astar plans to enable many blockchains and virtual machines in the future. Having a parachain in the Polkadot ecosystem will allow all developers to create in the Polkadot ecosystem. According to CoinMarketCap, the Astar price today is $0.303283 USD with a 24-hour trading volume of $317,562,643 USD. Astar is up 10.92% in the last 24 hours.

Moonbeam (GLMR)
Moonbeam is a smart contract parachain atop Polkadot that is interoperable with Ethereum. In a Substrate-based environment, Moonbeam enables its simple to utilize popular Ethereum developer tools to construct or re-deploy Solidity applications. In addition to being an EVM implementation, Moonbeam is a highly customized parachain that matches Ethereum’s Web3 RPC, accounts and keys, and subscribers and logs. According to CoinMarketCap, the Moonbeam price today is $4.25 USD with a 24-hour trading volume of $168,503,977 USD. Moonbeam is up 9.75% in the last 24 hours.

Stader (SD)
Stader is developing key staking middleware infrastructure for numerous PoS networks for retail crypto consumers, trading platforms, and custodians. In addition, Stader is developing smart contracts that are incredibly modular, allowing other parties to use our components to create their own specific solutions. According to CoinMarketCap, the Stader price today is $5.60 USD with a 24-hour trading volume of $1,065,794 USD. Stader is down 5.12% in the last 24 hours. Open / Comment

2022-04-10 18:33:10 ​​Moonbeam (GLMR) Price Surges 9% in Last 24 Hours

After a correction, GLMR is trading at $4.19, up 8.15 percent for the day.

On-chain governance, staking, and cross-chain connections are standard features.

Several initiatives based on the Polkadot (DOT) cross-chain interoperability protocol have seen significant price increases due to this growth. The smart contract platform Moonbeam (GLMR) works as a Polkadot parachain and is compatible with Ethereum Virtual Machine (EVM).

Surge of More Than 100%
Staking, on-chain governance, and cross-chain connections are only some of the many capabilities offered by the project. Over $900 million in DOT tokens were loaned to Moonbeam in a crowd loan campaign. Moonbeam’s price has risen from $2.97 to $5.94 in the previous week, an increase of more than 100 percent. After a correction, GLMR is trading at $4.19, up 8.15 percent for the day.

Moonriver (MOVR), Moonbeam’s Ethereum-compatible smart contract platform, is also gaining ground. Using the Ethereum Virtual Machine (EVM), the project seeks to make it easier for developers to construct or relaunch programs based on the Solidity programming language to migrate their projects to Moonriver easily.

More than simply an EVM implementation, Moonbeam is a parachain that replicates Ethereum’s Web3 RPC, accounts, keys, subscriptions, and log data. On-chain governance, staking, and cross-chain connections are part of the Moonbeam platform’s standard feature set. Furthermore, to facilitate interoperability and communication between Polkadot Parachains and other chains, Moonbeam uses bridges to link the two networks. For Ethereum developers to overcome the scalability difficulties posed by the Ethereum network, Moonbeam comes as a viable option.

According to CoinMarketCap, the Moonbeam price today is $4.17 USD, with a 24-hour trading volume of $133,420,750 USD. Moonbeam has been up 8.42% in the last 24 hours. Open / Comment

2022-04-08 19:16:29 ​​Cardano Dominance Drops, This Might Be Gamechanger, According to ADA Whale

As noted by an ADA whale, Bitcoin dominance has fallen from 52% to 42%, while Cardano dominance has declined from 4% to 2% in the past year. Cardano dominance refers to the measure of how much of the total cryptocurrency market cap is comprised of Cardano, while a whale refers to a large holder of a particular cryptocurrency.

The Cardano user believes regulation might be a gamechanger for the cryptocurrency market. Regulation continues to be among the most discussed topics in the crypto industry.

As previously covered by U.Today, European Parliament's plan to clamp down on self-hosted wallets became a reality as the EU Parliament voted to ban anonymity in crypto. The draft of the amendment, however, does not specify any lower limit for crypto transfers, meaning that all of them will be subject to identity checks. Some crypto proponents see the amendment as a ban on anonymity in crypto, with Tether CTO Paolo Ardoino describing it as a "big step back for human rights."

The Cardano Foundation recently announced its research collaboration with the Blockchain and Distributed Ledger Technologies (BDLT) Group at the University of Zurich. The research seeks to explore different angles on the core questions surrounding Cardano as a secure, scalable and decentralized system.

Cardano network continues to grow despite price action

The Cardano network recently reached a new milestone of over five million addresses functioning on the network with a year-to-date increase of 48%. The strong increase in the number of users correlates with the rising number of dApps and solutions on the network, showing the fundamental growth of the network.

Back in March 2021, the number of addresses on the Cardano network totaled around 2.6 million. At the time of publication, ADA traded down 3% at $1.05. At its present price, ADA remains down nearly 66% from its all-time high of near $3. Open / Comment

2022-04-07 10:04:50 ​​CryptoSlate partners with Zilliqa to bring in new users to the crypto space

CryptoSlate is excited to announce a partnership with Zilliqa, a high-speed, scalable blockchain, to launch a joint educational campaign.

As part of the partnership, CryptoSlate will launch a series of quizzes on Zeeves, providing readers with the opportunity to earn ZIL tokens as rewards for answering questions about featured articles.

The articles will range in topics but will have a common goal—educating readers about the innovations in the blockchain and crypto industry.

What is Zilliqa?

Zilliqa was launched in 2017 when our founders created a high-throughput public blockchain platform designed to scale thousands ​of transactions per second.

As blockchain technology evolves, our efforts are centered around streamlining the efficiency, trust, and transparency of Web 3.0. The inability of blockchains to scale transactions at speed has hindered their mainstream adoption, so that’s where sharding comes in.

According to Investopedia:

“Sharding splits a blockchain company’s entire network into smaller partitions, known as “shards.” Each shard is comprised of its own data, making it distinctive and independent when compared to other shards.”

By splitting the network into multiple portions, Zilliqa’s goal is to satisfy global scaling demand by launching the world’s first public blockchain sharding architecture.

What is Zeeves?

Zeeves is Zilliqa’s peer-to-peer reward and engagement bot running on Telegram. The bot was designed for users to create and host quizzes, manage their cryptocurrency assets, buy ZIL tokens, and send tips to other Telegram users.

Sending ZIL tips on Telegram is as easy as sending a message, requiring only the username of the recipient. Zeeves is also an application for accessing ZilSwap, a decentralized exchange, and ZilStream, a coin tracking platform for the Zilliqa ecosystem. In the coming months, Zeeves is set to launch its full NFT functionality and will be one step closer to becoming the “foundational swiss knife application” for Telegram users.

Anna Russkikh, the marketing lead at Zeeves, said that the platform is excited to be part of the collaboration with CryptoSlate. The collaboration is much more than a marketing partnership—it’s a full-fledged educational project, she explained:

“Nothing is as powerful as education when it comes to cryptocurrencies. Designing creative ways to attract and incentivize readers is a worthy cause that leads to win-win outcomes for everyone.”

As part of the partnership, Zeeves will enable users to earn Zilliqa rewards on five CryptoSlate articles per week. Each article will feature a quiz where up to five users will be able to earn up to 25 ZIL for answering follow-up questions, so time is of the essence.

The quizzes will take place on the CryptoSlates Telegram channel as well as Zeeves, starting this week until the first week of May. Subscribe to both Telegram groups to stay in the loop behind our articles and the quizzes. Open / Comment

2022-04-05 12:45:00 ​​Dogecoin Profitability Increases to 63% as Price Jumps

Per IntoTheBlock data, the profitability of the largest meme cryptocurrency, Dogecoin (DOGE), has increased to 63% after dropping to as low as 54% earlier in March. Dogecoin's price jumped by nearly 10% following reports of the Tesla CEO owning a 9.2% stake in Twitter. Dogecoin is outperforming the top 20 in gains as the majority of cryptocurrencies are losing value, thus trading in red at press time.

Dogecoin is cementing gains as its price rebounded from lows of $0.13 on March 31. According to reports by mainstream media and as covered by U.Today, Elon Musk, the CEO of Tesla, has made it public that he has a 9.2% stake in Twitter.

Colin Wu, a Chinese crypto journalist, tweeted concerning Elon Musk and his Twitter investment, reminding the community that the billionaire and major Dogecoin supporter had previously stated that he would support the use of Dogecoin on social media.

According to Bloomberg, Tesla founder Elon Musk already owns 9.2% of Twitter. Musk has previously tweeted several times on how to improve Twitter and social media, and said that he will definitely support the application of Dogecoin in social media.

The Tesla CEO's investment makes him the company's single largest investor, surpassing Jack Dorsey, who stepped down as CEO in November of last year.

Elon Musk joined the conversation begun by Ark Invest's director of research Brett Winton on Saturday, April 2, about the failure to explain cryptocurrency to the older generation.

Musk responded with a meme video about Dogecoin going to the moon, which he claims "explains everything." Mining chips for Dogecoin, Bitcoin and other currencies that use the proof-of-work method to validate transactions were also seen in the video clip.

That video was dubbed "the best cryptocurrency video in history" by DOGE cofounder Billy Markus. Dogecoin presently trades at $0.15 after reaching highs of $0.156 on April 4. DOGE has also demonstrated mild growth since the past week. Open / Comment

2022-04-04 13:05:00 ​​WAVES Price Tumbles 18% Amid Market Manipulation FUD

WAVES, the native token on the eponymous blockchain, slumped as much as 18% overnight amid growing allegations of market manipulation. A new governance proposal to prevent short selling of the token was also lambasted by the crypto community.

WAVES sank 18% to $44.09, retreating from some of its recent gains. The token had surged exponentially in late-March and doubling its value and largely outpacing the broader market.

But this rally had spurred allegations of price pumps by the project, through its defi lending platform Vires. While founder Sasha Ivanov denied the allegations, Vires began experiencing mass liquidations after the news. Total value locked in the platform plummeted by about $300 million in two days, standing at $972 million on Monday, according to Defi llama.

The sharp drop in liquidity also dented the blockchain’s dollar-pegged stablecoin, Neutrino (USDN). The token was now at $0.91, a record low.

WAVES FUD heats up

In a series of tweets, Ivanov accused crypto trading house Almeda Research of operating a smear campaign to make a short position profitable. Almeda, which was founded by FTX CEO Sam Bankman-Fried, denied the allegations, while users, including Fried, chided Ivanov for spreading “conspiracy theories.”

But the main source of controversy over WAVES was a new governance proposal by Ivanov, which seeks to prevent WAVES and USDN borrowing on Vires, as well as cap interest rates for deposits on the platform.

The proposal was widely criticized, given that it benefits only certain traders with large USD coin (USDC) loans on the platform. And given that Ivanov was recently accused of borrowing USDC from his own platform to pump WAVES prices, the proposal was treated with suspicion. The results of the vote on the token were still unclear.

Vires liquidity crunch

In the wake of the mass liquidations, Vires appeared to have exhausted its supply of stablecoins USDC and Tether (USDT). Users of the platform were already complaining that they could not withdraw their USDC/USDT deposits.

USDC and USDT were also allegedly used by the platform in its WAVES price pumps, further indication that early accusations of market manipulation may hold water. The platform is currently incentivising stablecoin deposits with high return rates, but given the liquidity crunch, such an investment may be risky. Open / Comment

2022-04-03 18:00:50 ​​Dogecoin Knock-Off Ends Up Being a Scam

According to data provided by blockchain security firm PeckShield, DogeMother, one of the countless Dogecoin offshoots, is actually a scam.

The price of the BNB Chain-based cryptocurrency has collapsed by 91%.

PeckShield has urged cryptocurrency investors not to fall prey to the sham.

Ironically, DogeMother was pitched by its developers as “the most caring” new coin that was “unruggable.” It has a total supply of 1,000,000 tokens.

The developers claimed that all decisions would be made by the community.

People were promised to receive guaranteed rewards for purchasing the token.

The project, however, had many red flags. On its official website, it misleadingly claimed that one would be able to buy his or her mom a Lambo with profits made from investing, a promise that is typically made by scammers.

The Telegram channel of the token is no longer available after an apparent rug pull.
Honeypot scams typically cajole users into buying a certain cryptocurrency with big promises only to prevent them from selling. As the name of the sham suggests, their withdrawals get stuck in a contract since only whitelisted users are allowed to withdraw their funds. Most of such tokens typically appear on BNB Chain, which allows easily creating new tokens because of cheap fees.

Even though the memecoin frenzy has completely died down, scammers are still attempting to capitalize on it by luring new investors with dubious tokens that often end up being blatant scams.

As reported by U.Today, PeckShield spotted a Floki Inu copy that was a honeypot scam.

Fraudsters have also repeatedly tried to take advantage of the popularity of the Shiba Inu token by promoting fake tokens. Open / Comment

2022-04-02 19:30:00 ​​Terra LUNA Hits All Time High of $112, Founder Do Kwon Share Future Plans

Terra’ LUNA cryptocurrency has surged to a new all-time high of $112 registering another 10% gain earlier today. As of press time, LUNA is trading at a price of $11.79 with a market cap of $39 billion.

Furthermore, Terra is also the third-largest blockchain platform in terms of total staked value and sits underneath Ethereum (ETH) and Solana (SOL).

The latest price rally in LUNA comes as the Luna Foundation Guard (LFG) has been on an aggressive Bitcoin buying spree in the month of Mach 2022. The LFG disclosed its plan to purchase $10 billion worth of Bitcoin to ensure greater stability for the UST stablecoin.

After LFG was on an aggressive Bitcoin buying since mid-March, it has accumulated more than 30,000 BTC in a very short period of time, as per on-chain data provider Glassnode.

The Luna Foundation Guard has been in #Bitcoin accumulation mode throughout 2022, adding a total of 30,727 $BTC to their balance so far.

With these aggressive purchases, Terra is very fast approaching Tesla’s total Bitcoin holding which is currently at 42,902 BTC. In his recent podcast, Terra founder Do Kwon said that he is willing to become the largest Bitcoin holder after Satoshi Nakamoto.

Do Kwon Shares Future Plans With Terra LUNA
Speaking at the Unchained podcasted hosted by Laura Shin, Do Kown shared why he decided to adopt the Bitcoin standard for the native UST stablecoin. Interestingly, he also went on to project Terra as a Layer 2 solution for Bitcoin.

But since LFG is aggressively buying Bitcoin, what if the Bitcoin price crashes in the near future. In this case, it would certainly have a ‘negative’ impact on the value of UST. Kwon further added:

The worst case would be if we were buying Bitcoin and a crash happens six months later, and it’s correlated with a massive fall in demand for UST. … I’m sort of betting that the long-term scenario of Bitcoin going up, and the reserves being strong enough to withstand UST demand drops is the more likely scenario.

Kwon is currently on an ambitious goal of making the UST the largest stablecoin in the world. Currently, it is the third-largest stablecoin after USDT and USDC, and the 14th largest crypto by market cap. Speaking on this, Kwon said:

Terra’s goal is to become the largest decentralized currency in crypto, period. The goal is not to become the largest stablecoin on the Terra blockchain, so we expand to say the Solana, Avalanche, Ethereum, and Polygon ecosystems. We plan to be everywhere where there are developers and users. Open / Comment