Laut dem Gründer von Cardano ist eine DeFi-Aussterbewelle auf dem Weg

Der Softwareentwickler und Unternehmer prognostizierte, dass viele Projekte im DeFi-Bereich die nächsten fünf bis zehn Jahre nicht überdauern würden.

In einer kürzlich durchgeführten YouTube-Sitzung teilte Cardano-Gründer Charles Hoskinson seinen Ausblick auf die Zukunft der dezentralisierten Finanzen. Hoskinson, der anscheinend geschworen hat, den Sektor neu zu definieren, sagte voraus, dass viele aktive DeFi-Projekte innerhalb der nächsten fünf bis zehn Jahre vom Netz gehen würden.

Er nannte den Mangel an langfristiger Vision und rigorosem Engineering als Faktor, der die meisten dieser Projekte in diese Richtung lenken wird. Hoskinson behauptete, dass die Branche von vielen Projekten überflutet wird, die von der „Hoffnung und Gebet“-Mentalität betrieben werden, was, wie er betonte, nicht ausreicht, um sie über Wasser zu halten. ‚

„Es ist sehr schwer, diese Art von Engineering zu machen und es richtig zu machen, mit Blick und Weitblick für die Zukunft. Leider werden viele der Projekte in diesem Bereich den Test der Zeit nicht bestehen. Wir werden in den nächsten fünf bis zehn Jahren ein großes Aussterbeereignis erleben, und der Grund, warum man die Dinge richtig macht, ist, dass man bei diesem Aussterbeereignis noch dabei sein kann“, sagte er.  

Schlechte Qualität der Anwendungen schadet dem Ruf des Ökosystems

Hoskinson meinte, dass viele der aktuellen Projekte von „niedriger Qualität“ seien und hob dies als Grund für die Unzufriedenheit innerhalb der DeFi-Community hervor.

„Viele von Ihnen haben genug von den unglaublichen Kosten, dem Mangel an Klarheit und der geringen Produktionsqualität von Anwendungen im DeFi-Bereich“, sagte der Input-Output-Chef seinen Zuschauern.

Der Cardano-Chef begründete seine Meinung damit, dass der DeFi-Sektor eine Reihe von Hacks erlebt habe, von denen die meisten zu großen finanziellen Verlusten führten. Hoskinson bezeichnete den Ethereum-Raum besonders dafür, dass er Schlupflöcher habe, die ausgenutzt wurden, was allein in diesem Jahr zu Verlusten in Höhe von 10 Milliarden USD führte.

Überleben der Stärksten

Der Cardano-Chef beobachtete auch, dass der DeFi-Raum zu einer Umgebung geworden war, in der nur die Projekte überleben, die an der Spitze hervorgehen. Während der 28-minütigen Sitzung mit dem Titel „DApps and Cardano DeFi Alliance“ beschrieb Hoskinson Cardano als ein Projekt, das die bestehenden Schwächen angehen will.

Er fügte hinzu, dass die DeFi-Plattform von Cardano Aspekte wie öffentlich-private Partnerschaften und Zertifizierungsstandards priorisiert, um sie relevanter und sicherer zu machen. Hoskinson argumentierte, dass die gesamte Branche von Zertifizierungsstandards profitieren könnte, da sie die Grundlage für die Bestimmung des Wertes von DeFi-Projekten darstellen würden.

Weitere Entwicklungen in der Pipeline

Der Technologieunternehmer prognostizierte, dass 2022 ein großartiges Jahr für Cardano wird, da das Netzwerk noch bedeutendere Entwicklungen erleben wird. Er fuhr fort, ein Joint Venture namens Cardano DeFi Alliance vorzustellen, das aus verschiedenen Entwicklern besteht, die an der Weiterentwicklung der Blockchain arbeiten. Das Ziel der Allianz sei es, ein „robustes und dynamisches“ Ökosystem aufzubauen, das als Schrittmacher in der DeFi-Branche dienen wird.

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Pompliano highlights “key points” lost in Bitcoin’s energy use argument

Pompliano told CNBC in an interview that Bitcoin’s energy usage continues to become more and more efficient as it scales and as miners tap into more renewable energy sources.

Pomp Investments founder and popular Bitcoin podcaster Anthony “Pomp” Pompliano says that the conversation around Bitcoin’s energy use and how efficient that is, largely suffers from “two key points” that people tend to miss.

He said this during an interview on CNBC’s “Squawk Box”, where he briefly highlighted the issues of Bitcoin’s volatility and energy use.

He told the shows’ host Joe Kernen that as people continue to debate Bitcoin’s energy consumption, they need to take note of the following:

Bitcoin becomes more energy efficient as it scales

According to him, the first one is the “linear relationship between energy consumption and the US dollar system.”  He goes on to explain why it is important for the conversation to take note of this point.

In order to support more users and more transactions, we need to consume more energy. We need more data centers, more bank branches, more ATMs etc,” he added.

On the other hand, he explained, the Bitcoin blockchain doesn’t have the same kind of linear relationship seen between the fiat ecosystem and energy consumption. He noted that regardless of how many transactions get added to a block during transaction processing, the amount of energy consumed is the same.

As it scales, Bitcoin becomes more and more efficient because you can pack more economic value into each of these blocks, whereas in a legacy system you need to consume more energy as you scale.”

“Important things in the world use energy”

Pomp also says that there’s nothing to apologise for when it comes to the issue of Bitcoin’s energy consumption. In his view, “important things in the world use energy

He points to the growing use of renewable energy in Bitcoin mining, saying that the shift to all these newer greener sources of energy is driving research and development in the renewable energy industry.

Before delving into the energy usage question on the show, Pompliano had first talked about one important metric- Bitcoin’s volatility.

He noted that BTC price had two 50%+ drawdowns in 2020 and has seen over six 20%+ corrections this year. There have also been notably huge price jumps, but he believes the best way to look at volatility is the value of the US dollar in which Bitcoin price movement is denominated.

If you think of it this way, he explains, you will find that indeed USD is also “hypervolatile.”

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Market highlights December 29: Cryptos seen lower, Wall Street mixed following post-Christmas gains

The crypto market as a whole is bearish with all top 20 coins registering losses except for UniSwap, which continues yesterday’s bull run, albeit only with slight gains. US indices were mixed yesterday as investors locked in their recent gains before the end of the year. 

Top cryptos

Bitcoin was down approximately 2%, trading below $48,000 this morning. Ethereum, Cardano, and XRP were all down around 3%. The biggest losers in the top 20 are Avalanche and Solana. Both have declined by around 7% each.

The live Terra price today is $86.55 with a 24-hour trading volume of $2.8 billion. The ninth biggest coin by market cap has lost 6% in the last 24 hours, leading some traders to buy the dip.

Top movers

The bearish trend continues outside the top 20. One of the few gainers is Fantom, the price of which exploded as the total value locked in the network crossed $5.83 billion in the past week. Today, it’s up 5%.

The live Harvest Finance price today is $175.41 with a 24-hour trading volume of $660.5 million. Harvest Finance is up just under 11% today. Harvest automatically farms the highest yield available from the newest DeFi protocols and optimizes the yields that are received using the latest farming techniques.

ROSE is the native token of Oasis Network, the 80th largest coin by market cap. After a series of losses, it’s starting to gain again – 8% today.

SushiSwap continues to trend. It has gained 9% in the last 24 hours.

Other winners include Zilliqa and Livepeer, up 6% resp. 4%.

Aave is among the biggest losers with a drop of 13%. Kadena continues its bear run with a fresh loss of 10% in the last 24 hours.

ICON is reversing yesterday’s gains rapidly. The layer one blockchain, which aims to build an interoperable blockchain network between autonomous online communities and real-world enterprises, has lost 16% so far today.

Trending

VNX is a Luxembourg-based digital asset issuance platform, which developed an end-to-end regulatory compliant platform to organize digital assets offerings. Today, it has gained 151%.

RichQuack is a hyper deflationary token that generates automatic liquidity, which in turn pays out static rewards to holders. It’s a new coin based on an interesting premise. It’s also trending today.  

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Solana and other Layer-1 tokens to outperform ETH in 2022: Arcane Research

  • Arcane Research analysts believe one of the strongest crypto narratives over the next twelve months will be the performance of the so-called “ETH killers.”

  • They also predict Bitcoin will outperform the S&P 500 

Crypto research platform Arcane Research says that 2022 will see layer-1 platforms continue to outperform Ethereum, based on analysis of the crypto market and other developments within the crypto space in 2021.

Other than its predictions for layer-1s against Ethereum, the final report of 2021 from the company touched on Bitcoin vs. the S&P 500, DeFi, the NFTs market, the outlook for Cardano and XRP, meme coin mania as exacerbated by the “dog coin wars”, and derivatives.

2022 prediction: Layer-1s to outperform ETH

In a report released on 28 December via the blockchain data analysis and research firm’s The Weekly Update, Solana, Avalanche, Terra Luna, and Fantom are all poised for further gains in the next year, with the native tokens on these standalone smart contract networks continuing to outpace ETH in the market.

The firm says that it expects Solana and the other top-performing layer-1 networks to maintain the upward trend over the next year, with price upsides buoyed by increased usage and capital inflows.

These networks have thriving and fast-growing ecosystems that continuously drive the price performances of their native tokens,” the firm noted in the report.

A look at the individual returns for some of the smart contract platforms expected to continue outpacing ETH, we see Terra Luna (LUNA) is up 14,823% in 2021, with Fantom (FTM) and Solana (SOL) both seeing a 100x or more in price growth at 13,549% and 10,907% respectively.

While Ethereum’s native coin Ether (ETH) has jumped 460% in 2021 to outpace Bitcoin (BTC) at 73%, smart contract platforms Harmony (ONE) and Avalanche (AVAX) have returned 60 times over the year. Harmony is set to close the year with price gains of more than 6,400% for the year and Avalanche is up over 3,150%.

On Bitcoin vs. S&P 500 and gold

Bitcoin is up around 73% in the year, while the S&P 500 has also edged higher to record closes as it eyes a 28% return for the calendar year. Meanwhile gold, despite being the traditional inflation hedge, has negative returns at -7% in a year the inflation narrative has dominated sentiment.

Arcane Research says that Bitcoin will still beat both the S&P 500 and gold, having done so this year to notch a third straight year of outperformance against the stock market and the safe-haven asset.

But the researchers also note that “Bitcoin has increasingly behaved like a risk-on asset,” rather than the digital gold it’s been tagged to be. 

It means investors might therefore want to watch the stock market performance. Upward momentum for stocks could also see BTC price outperform, while “a red year” for the S&P 500 will see the cryptocurrency underperform, the analysts wrote. 

On altseason, NFTs and metaverse

Although Bitcoin’s run in 2021 has been astonishing, the bespoke research firm says the year pretty much belonged to altcoins. 

They note in their report summarizing the year in crypto that this “has been a flying year for most altcoins,” with capital inflows into the segment contributing to the dip in Bitcoin’s dominance in the first half of the year.

As noted earlier, ETH has outperformed BTC and so have most other altcoins. For example, Binance Coin (BNB) has gained over 1,340% in the year to see it beat both Bitcoin and Ethereum among the top three by market cap.

The firm is also bullish on NFTs and metaverse, noting that the two narratives dominated market engagements in 2021. However, they say that it’s the “NFT craze” that has resulted in spiking gas fees on the Ethereum network, with reactions being increased interest in layer-1 tokens.

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Introducing RichQuack, the latest hyper deflationary token: best places to buy RichQuack now

RichQuack is a hyper deflationary token that generates automatic liquidity, which in turn pays out static rewards to holders. It’s a new coin based on an interesting premise. Does it have promise? If you want to know more about it, including whether you should buy RichQuack, you’d be happy to know we wrote this article with you in mind.     

Top places to buy RichQuack now

As QUACK is such a new asset, it’s yet to be listed on major exchanges. You can still purchase QUACK using a DEX (decentralised exchange) though, which just means there are a few extra steps. To buy QUACK right now, follow these steps:

1. Buy BNB on a regulated exchange or broker, like Binance ›

We suggest Binance because it’s one of the world’s leading multi-asset trading platforms, an exchange and wallet all-in-one with some of the lowest fees in the industry. It’s also beginner-friendly, and has more payment methods available to users than any other available service.

2. Send your BNB to a compatible wallet like Trust Wallet or MetaMask

You’ll need to create your wallet, grab your address, and send your coins there.

3. Connect your wallet to the SushiSwap DEX

Head to SushiSwap, and ‚connect‘ your wallet to it.

4. You can now swap your BNB for QUACK

Now that you’re connected, you’ll be able to swap for 100s of coins including QUACK.

What is RichQuack?

RichQuack is a meme token on Binance Smart Chain, which aims to pay out rewards to holders by “frictionless yield generation”. Holders do not need to stake or wait for fees to be delivered. Fees are awarded by the smart contract and are immediately reflected in the holder’s balance. RichQuack is aimed at providing its holders with a chance to make money, by investing, building, holding and winning.

It wants to achieve that by building a community of people with a common goal that are ready to work hard and contribute towards it.

The protocol generates frictionless yield by applying a 12% fee for each transaction. 4% of each transaction is distributed to holders, and another 4% is provided to the QUACK/BNB liquidity pool. 2% goes to pump and burn wallets to create “an ever rising price floor”, and 2% goes to the marketing and developer wallet.

Should I buy RichQuack today?

While cryptos are highly volatile in and of themselves, meme coins are particularly risky to invest in. You can make a lot of money, but you can lose a lot just as easily.    

RichQuack price prediction

Wallet Investor advises against investing in this coin. According to their forecast system, QUACK is a bad long-term (1-year) investment. Its price will not change, which means an investment made now will be devalued in the future.  

RichQuack on social media

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