Skip to main content

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...
Post a Comment

Nonfungible tokens soar even as Bitcoin price drops close to $32,000

Data from Cointelegraph Markets Pro shows NFT-related platforms like AUDIO, AXS and SLP as the top 24-hour gainers of the day.

Today the wider cryptocurrency market finds itself looking for something to spark some momentum as Bitcoin (BTC) price dropped to $32,300 and altcoins sustained 2% to 5% losses.

Data from Cointelegraph Markets Pro and TradingView shows that the top three performers over the past 24 hours are Audius (AUDIO), Axie Infinity (AXS) and Small Love Potion (SLP).

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

The multifaceted use cases and applications of nonfungible tokens continue to be a source of strength for the NFT sector as a whole, primarily because they open the door for different sources of revenue via gameplay, music and art sales.

Audius pulls in new artists and users

According to data from Cointelegraph Markets Pro, the outlook for AUDIO has been climbing for the past few days after new users and popular bands like Wheezer flocked to the decentralized music-sharing and streaming protocol.

VORTECS™ data from Cointelegraph Markets Pro began to detect a bullish outlook for AUDIO on July 9, 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. AUDIO price. Source: Cointelegraph Markets Pro

As seen in the chart above, the VORTECS™ Score for AUDIO turned green on July 8 and climbed to a high of 73 on July 9, roughly 32 hours before its price rallied 55% over the next two days.

Users embrace income opportunities on Axie Infinity

Axie Infinity (AXS) has been one of the strongest performing tokens in the month of July as users from economically disadvantaged regions embrace the blockchain-based trading and battling game for the income opportunities it provides.

According to data from Cointelegraph Markets Pro, market conditions for AXS have also been favorable for some time.

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

As seen on the chart above, the VORTECS™ Score for AXS began turned dark green on July 7 and climbed to a high of 89 on July 9, around 5 hours before the price increased 97% from $11.18 to a new record high at $22.14 over the next four days.

Related: Nifty News: Amex and SZA sell-out debut drop, Asics launches tokenized footwear, Space Jam gets looney for NFTs

Small Love Potion gets a boost from a new exchange listing

The third top performer on the day is Small Love Potion, a token that is part of the Axie Infinity ecosystem that is utilized in the process of breeding Axies, the nonfungible token-based creatures that populate the Axie Infinity world.

SLP/USDT 4-hour chart. Source: TradingView

Data from Cointelegraph Markets Pro and TradingView shows that over the past 24-hours the price of SLP has rallied 55% from a low of $0.264 on July 12 to $0.41 on July 13, less than two cents shy of its all-time high of $0.419.

The strong showing from SLP on Tuesday was in part thanks to the token being listed on the FTX cryptocurrency derivatives exchange, which enabled spot and perpetual futures trading.

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.

https://ift.tt/3egwov9
Labels:

Comments

Post a Comment

Popular posts from this blog

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...
Post a Comment
Read more

Year of sponsorships: Celebrities who embraced crypto in 2021

From Matt Damon appearing in a TV spot for Crypto.com to Kim Kardashian shilling EthereumMax, 2021 saw celebrities with higher profiles getting into crypto. Though the crypto space has seemingly moved beyond the endorsements many minor celebrities bestowed on token projects during the 2018 initial coin offering boom, its growing popularity and acceptance now has professional sports players, Hollywood elites and politicians backing major companies dealing with digital assets. In June 2021, Kim Kardashian promoted EthereumMax (EMAX) via an Instagram story shared with  her more than 200 million followers . The token, which was used as payment for online ticket purchases for some pay-per-view events, gained 116,000% in just one week following the celebrity’s activity before falling more than 99% and leaving many investors in the red. Kim Kardashian promoting EthereumMax on Instagram Stories, June 2021. Source: Instagram Though EthereumMax is somewhat of a cautionary tale for cry...
Post a Comment
Read more

Top 3 Rebase Token Markets Shudder — Stats Show TIME, OHM, BTRFLY Lost Billions Since All-Time Highs

While the crypto economy has shed more than 3% in fiat value during the last 24 hours dropping to $2.09 trillion, the top rebase tokens by market capitalization have seen significant losses this week. At the time of writing, the rebase token economy is valued at over $3.2 billion but has lost more than 10% in value during the last 24 hours. The largest rebase token economies such as Wonderland, Olympus, and Redacted Cartel have shed between 36% to 55% over the last week. Top 3 Rebase Token Protocols Shed Billions in Value Over the Last Week, Wonderland Down 87% Since High On the first day of November 2021, Bitcoin.com News took a deep dive into the Olympus DAO and the reserve-backed asset called OHM . Olympus is a decentralized finance (defi) project that is described as a rebase token and since Olympus started, a myriad of Olympus forks have been born. Essentially, rebase token protocols adjust the token supply in a periodic fashion or when the price fluctuates. Olympus was once ...
Post a Comment
Read more