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MLB Team Washington Nationals Partners With Terra Blockchain Community, Ballpark Plans to Accept UST

On February 9, the American professional baseball team based in Washington, D.C., the Washington Nationals, announced the team has partnered with Terra, the open-source blockchain platform and decentralized autonomous organization (DAO). The Washington Nationals detail that the team is a “leading innovator” and is “consistently introducing new technologies to enhance the fan experience.” Washington Nationals Ink Long-Term Deal With Terra Major League Baseball (MLB) team the Washington Nationals has partnered with the blockchain platform and DAO Terra, according to an announcement published by the team on Wednesday. The deal with Terra follows a slew of sports-related deals with crypto firms, but the MLB team will be the first to partner with an open-source blockchain project. In addition to the partnership, the algorithmic stablecoin UST that’s issued on the Terra blockchain will be “accepted as a payment method at Nationals Park as early as next season.” “The Nationals continue t...
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Altcoin bulls pile into Synthetix (SNX), Axie Infinity (AXS) and EOS

Data from Cointelegraph Markets Pro shows SNX, AXS and EOS as the strongest 24-hour gainers as the bullish momentum in DeFi and NFT tokens continues to build.

Bitcoin’s (BTC) steady range-bound trading opened the door for select altcoins to rally higher as antsy traders scour the markets in search of profitable opportunities. 

Data from Cointelegraph Markets Pro and TradingView shows that the top 3 movers over the past 24 hours are Synthetix (SNX), Axie Infinity (AXS) and EOS.

Top performing assets over the last 24-hours. Source: Cointelegraph Markets Pro

The growing momentum in both decentralized finance (DeFi) and nonfugbible tokens have helped lead to a boost to prices, while the adoption of a stablecoin on the EOS protocol is a major source of validation for the EOSIO ecosystem. 

SNX chases after its all-time high

According to data from Cointelegraph Markets Pro, Synthetix (SNX) has been one of the strongest performers of the past week, rallying 100% to hit a multi-week high of $12.76 on July 5 as excitement for DeFi-related tokens began to build.

SNX/USDT 4-hour chart. Source: TradingView

As seen on the chart above, the price of SNX has rallied 32% from a low of $9.17 in the early trading hours on July 9 to reach an intraday high at $12.14.

One possible factor playing into the rise of SNX over the past week is the generous 39.3% APY offered to SNX stakers, which may have contributed to the current increase in volume and subsequently resulted in an increase in the total value locked on the Synthetix protocol.

AXS continues its week-long surge

The second-best 24-hour performer is Axie Infinity (AXS), a blockchain-based trading and battling game that allows players to collect, breed, raise, battle and trade token-based creatures known as Axies.

VORTECS™ data from Cointelegraph Markets Pro began to detect a bullish outlook for AXS on July 5, prior to the recent price rise.

The VORTECS™ Score, exclusive to Cointelegraph, is an algorithmic comparison of historic and current market conditions derived from a combination of data points including market sentiment, trading volume, recent price movements and Twitter activity.

VORTECS™ Score (green) vs. AXS price. Source: Cointelegraph Markets Pro

As seen in the chart above, the VORTECS™ Score for AXS climbed into the green zone on July 5 and reached a high of 82 around three hours before its price began to surge 115% over the next two days to establish a new all-time high at $16.70 on July 7.

EOS moves higher after stablecoin adoption 

The third best 24-hour performer is EOS, a layer-one blockchain network that made waves in 2017 when it raised more than $4 billion during its initial coin launch.

Related: DeFi focused: Grayscale exploring 13 more crypto assets for its trusts

EOS/USDT 4-hour chart. Source: TradingView

The most significant recent development for the protocol was its selection to host the Ducat, a native algorithmic stable coin of the American CryptoFed DAO, which became the first legally recognized decentralized autonomous organization (DAO) in the United States after supportive legislation passed in the U.S. state of Wyoming.

This development comes on the heels of a $10 billion investment by Block.one to build Bullish Global, an exchange based on EOSIO protocol and it points to a growing list of use cases for the delegated-proof-of-stake (DPoS) platform.

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.

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MLB Team Washington Nationals Partners With Terra Blockchain Community, Ballpark Plans to Accept UST

On February 9, the American professional baseball team based in Washington, D.C., the Washington Nationals, announced the team has partnered with Terra, the open-source blockchain platform and decentralized autonomous organization (DAO). The Washington Nationals detail that the team is a “leading innovator” and is “consistently introducing new technologies to enhance the fan experience.” Washington Nationals Ink Long-Term Deal With Terra Major League Baseball (MLB) team the Washington Nationals has partnered with the blockchain platform and DAO Terra, according to an announcement published by the team on Wednesday. The deal with Terra follows a slew of sports-related deals with crypto firms, but the MLB team will be the first to partner with an open-source blockchain project. In addition to the partnership, the algorithmic stablecoin UST that’s issued on the Terra blockchain will be “accepted as a payment method at Nationals Park as early as next season.” “The Nationals continue t...
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