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

Traders hope for a new altcoin season now that Bitcoin turned $45K to support

Bitcoin’s consecutive daily closes above $45,000 were followed by a 40% rally from ICP, RVN, VGX and EGLD, leading traders to believe that a new altcoin season is starting.

This week the total cryptocurrency market capitalization bounced back to $1.9 trillion, which was a 20% weekly increase and the highest level seen since May 20.

While the fresh bullish momentum attracted the attention of investors, Bitcoin's (BTC) move from $33,400 to $45,900 was pretty much in line with the rest of the market.

Whether Bitcoin will finally break the $46,000 resistance remains an open question. However, the longer it takes, the higher the odds that altcoins will outperform the leading cryptocurrency.

Total crypto market cap. in USD million (right) and Bitcoin dominance (left). Source: TradingView

Not every altcoin performed similarly and only 14 of the top 100 from CoinMarketCap outperformed Bitcoin by 3% or more.

Top weekly performers among the 100 largest. Source: CoinMarketCap

ICP, RVN, VGX and EGLD followed Bitcoin's 40% rally

Internet Computer (ICP) announced on July 30 that within two weeks of its launch, the Fleek application reached 700 website deployments. Fleek allows one to build websites and front-end for decentralized applications on the Internet Computer blockchain with frictionless hosting. 

According to the Dfinity Foundation blog, Fleek created an alternative open-source gateway to the blockchain so Internet Computer smart contracts data could be freely accessed using regular browsers.

Ravencoin (RVN) also became the most profitable coin to mine using graphic cards, according to data from whattomine.com and the network surpassed Ethereum (ETH).

Voyager's breakout was caught by the VORTECS™ indicator

Voyager Digital, the company behind Voyager Token (VGX), acquired crypto trading and payments startup Coinify for $85 million. On August 1, Voyager also launched the VGX web swap 2.0 and staking portal.

VORTECS™ data from Cointelegraph Markets Pro began to detect a bullish outlook for VGX on July 31, before the recent price rise.

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

VORTECS™ Score (left) vs. VGX price (right). Source: Cointelegraph Markets Pro

As displayed above, the VORTECS™ Score for VGX climbed to 90 high on Aug 3, 30 hours ahead of the 23% price to $3.50.

Lastly, Elrond (EGLD) announced a $20 million funding from Moonlorian Blockchain Business Laboratory. According to Elrond's blog, the blockchain firm is already incubating several projects in domains such as tokenization, NFT, traceability and loyalty platforms.

On the other hand, only six projects presented a negative performance over the last seven days.

Bottom weekly performers among the 100 largest. Source: CoinMarketCap

Flexa (AMP) rallied 90% from July 22 to 29 as Binance US announced the token listing. However, the altcoin quickly retraced 26% from the $0.083 top on July 29.

Theta Fuel (TFUEL) faced a similar movement as it rallied 63% from July 20 to 25 during the launch of protocol 3.1.0 and reached a $0.368 top. The hard fork created a more efficient block proposal protocol, optimized the blockchain database and added support for Ethereum RPC API.

Altcoin holders certainly have reasons to celebrate, but investors should be mindful that an eventual Bitcoin price correction will likely cause traders to quickly capture profits from the most volatile altcoins.

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

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

Comments

Post a Comment

Popular posts from this blog

Bitcoin Legal Tender in 3 Days but Survey Shows 7 Out of 10 Salvadorans Want Bitcoin Law Repealed

Bitcoin is becoming legal tender in El Salvador in three days. However, a nationwide survey conducted by the University Institute of Public Opinion (Iudop) shows that seven out of 10 Salvadorans want the government to repeal the Bitcoin Law. El Salvador’s Bitcoin Law Goes Into Effect in 3 Days The University Institute of Public Opinion (Iudop) in El Salvador conducted a study between Aug. 13 and Aug. 20 of how the public views the country’s upcoming Bitcoin Law. The institute is a research center of the José Simeón Cañas Central American University (UCA). El Salvador’s Bitcoin Law is set to go into effect on Sept. 7 , when BTC will be legal tender in the country alongside the U.S. dollar. A total of 1,281 respondents ages 18 and over participated in this national survey that “represents the entire adult population residing in the country,” according to the institute. Out of all the respondents, 62.4% said they were aware of the approval of the Bitcoin Law by the deputies of the ...
Post a Comment
Read more

Bitcoin breaking new highs in Q4 will ‘temporarily turn alts to dust’ — Analyst

Things will get exciting in quarter four, but not before a convincing floor is put in across crypto, analysts say this week. Bitcoin ( BTC ) was busy losing its overnight gains on Sept. 27 as resistance continued to prove too much for bulls.  BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Analyst on Bitcoin: “Right now, we’re stuck” Data from Cointelegraph Markets Pro and TradingView  showed BTC/USD dropping to around $1,000 below overnight highs of $44,400 on Bitstamp on Sept. 27.  The move constitutes a rejection at a “critical” zone to break, Cointelegraph contributor Michaël van de Poppe explained, with $42,000 now the key level to hold for a higher low. Bitcoin is acting in an increasingly narrow range, he summarized in his latest YouTube update. “Right now, we’re stuck,” he said, pointing to $47,000 as next should the $44,600 zone be reclaimed. On the downside, the zone between $38,000 and $40,000 remains valid for a bounce, while a co...
Post a Comment
Read more

Blockchain Software Firm Consensys Acquires Mycrypto Ethereum Wallet

On February 1, the blockchain infrastructure firm Consensys has revealed it has acquired the Ethereum-based wallet Mycrypto and plans to merge the wallet into Metamask. The price Consensys paid for Mycrypto was not disclosed but the announcement notes that the acquisition will “further improve the security of all the products.” Consensys Obtains Mycrypto Ethereum Wallet, Plans to Merge With Metamask in the Future Consensys has acquired the Ethereum-based wallet Mycrypto for an undisclosed sum according to an announcement released on Tuesday. The deal aims to strengthen the company’s Ethereum wallet Metamask and “enhance Web3 experiences.” The eventual merger between the two Ethereum interfaces will “provide users with a heightened experience that is even more extensive and secure,” according to Consensys. Consensys is an Ethereum software company led by one of the Ethereum co-founders Joseph Lubin. The Web3 wallet Metamask, with 21 million monthly active users (MAUs) is owned by C...
Post a Comment
Read more