Market highlights February 16: Bitcoin battles global uncertainty at $44K

Events in Russia have dominated market sentiment. Prices pushed higher on optimism over the official recognition of crypto in the country, before dropping back down on concerns about the Ukraine conflict.

Elsewhere, more volatility was catalyzed by hot US inflation figures coming in at 7.5%, and the seizure of $3.6 billion in hacked Bitcoin by the US Justice Department.

BlackRock, which manages over $10 trillion in assets for pension schemes, endowments and sovereign wealth funds, is reported to be preparing a crypto trading service for its clients.

Big four accounting firm KPMG Canada announced the purchase of Bitcoin and Ethereum for its own corporate treasury, saying that “institutional adoption of crypto assets and blockchain technology will continue to grow and become a regular part of the asset mix.”

Tennessee has followed Arizona by drafting its own Bitcoin bill that would allow the state and other municipalities to invest in crypto assets.

Top cryptos

Bitcoin has retreated amidst fears of war and uncertainty around inflation. The flagship crypto rallied to a peak of almost $46K early last week, after local media reported that Russian authorities would create new legislation recognizing crypto assets as a form of currency.

The move is a major change of direction for the Russian Central Bank, which previously proposed a blanket ban on crypto.

In response to the news, some market analysts are now speculating that Russia could have even bigger future plans — such as accepting Bitcoin as payment for natural gas.

The top 10 cryptos were all in the green over the past 24 hours with Ethereum adding almost 4%, while Cardano and Solana gained 2%.

Avalanche is the biggest gainer in the top 20, up 8% today. The self-styled Ethereum killer is still rising after being listed on eToro recently.

Another altcoin that managed to defy market turmoil was Shiba Inu, finishing the 7-day period with 3% gains after the announcement of a mysterious new metaverse project.

Top movers

The top mover in the top 100 is without a doubt Rally (RLY), a social token-oriented protocol that allows creators to launch their own token and build a digital economy around their work. 

Streamers, artists, musicians, gamers, athletes or general content creators can tap into their communities and offer benefits to recruit, retain and monetize their following seamlessly. Rally flew into the top 100 today and is currently at #87. It has added 65% to its value in 24 h.

Neo is a rapidly growing ecosystem that has the goal of becoming the foundation for the next generation of the internet, a new economy where digitized payments, identities and assets come together. It gained 11% today. Qtum is also up 11%.

Algorand, the 26th biggest crypto by market cap, is about to break $1. It has gained 7% in the last 24 h. It’s also a good day for metaverse tokens. Decentraland and Axie Infinity each added 8% to their value today.

Bitfinex’ token UNUS SED LEO continues to reverse gains. It’s down 7% today.

Trending

The biggest gainer of the day is Catcoin, a community-driven meme token created for the cat community by someone or a group of people with the tongue-in-cheek name Miaoshi Nekomoto. 

Catcoin develops applications to provide the community with various tools and simplify the crypto world for new investors. It has gained 838% in the last 24 h.

Another trending coin is ALICE, the native token of My Neighbor Alice, a farm-themed play-to-earn game on Chromia.

The game bills itself as a place where “players can buy and own virtual islands and collect and build exciting items while also making new friends.” It has added 11% to its value today.

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MyNeighborAlice (ALICE) Price gained 11%: top places to buy it

MyNeighborAlice (ALICE) logo on a mobile phone being held by 2 hands

MyNeighborAlice (Alice) doesn’t seem to have anything to do with the evergreen hit, at least not on the surface. It’s one of the cryptocurrencies that are trending today.

Look no farther than this short article to get the details and learn if it is worth buying and the best places to buy it.

Top places to buy MyNeighborAlice now

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

1. Buy ETH on a regulated exchange or broker, like eToro ›

We suggest eToro 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 ETH 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 Uniswap DEX

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

4. You can now swap your ETH for ALICE

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

What is MyNeighborAlice?

It is a farm-themed play-to-earn game on Chromia. The game bills itself as a place where “players can buy and own virtual islands and collect and build exciting items while also making new friends.”

Player are represented by individual avatars and can buy virtual real estate from Alice, the central character of the game, or on the internal marketplace. All purchased land is represented as an NFT.

It is blockchain-based and integrates DeFi features, but it does not require prior knowledge of cryptocurrency and blockchain. Its social aspects were inspired by Animal Crossing, whereas Minecraft serves as a role model for building mechanics.

Its unique style incorporates the character of Alice as a relatable “in-game friend”, making the game more approachable for casual players. You don’t have to interact with the underlying blockchain technology, although the game does allow you to explore DeFi functionality.

Should I buy it today?

In-game tokens like ALICE are only as popular as the games they’re used in. Waning interest in the game will cause the value of the token to decline.

ALICE price prediction

Wallet Investor is bullish on ALICE long-term. They make a price prediction of $18.15 for February 2027, which is about twice its current value. A 5-year investment will generate revenue of around 102%. This means a $100 investment will go up to $202 in 5 years if WI’s prediction pans out.

MyNeighborAlice on social media

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Binance Chain und Binance Smart Chain verwandeln sich in BNB Chain

  • Binance hat sein Blockchain-Ökosystem umbenannt, um die Veränderungen widerzuspiegeln, die die Kette seit ihrer Einführung erfahren hat
  • Die Börse führte auch „MetaFi“ ein, einen Zusammenschluss von hochmoderner DeFi-Infrastruktur und -Projekten, einschließlich des Metaversums. 

Die weltweit größte Krypto-Börse Binance hat ihre Blockchains Binance Chain und Binance Smart Chain in einen einzigen einheitlichen Namen umbenannt; BNB Chain oder Build and Build Chain. Es wird erwartet, dass der neue Name eine wichtigere Rolle im Branding der Blockchain einnehmen wird.

Laut einer Ankündigung vom Dienstag sagte Binance, die BNB-Kette zeige die Entwicklung der Binance Smart Chain. Der „neue“ Name würde die Governance- und Staking-Plattform der Kryptobörse BNB Beacon Chain (früher Binance Chain) und ihre Ethereum-kompatible Proof-of-Stake-Konsensplattform BNB Smart Chain, ehemals Binance Smart Chain, repräsentieren.

Das Unternehmen sagte, der neue Name sei befreiend für die Chain, da er mehr Freiheiten und Möglichkeiten für jede Richtung der Innovation ermöglichen würde. Das Rebranding hört jedoch beim Namen auf, da die Funktionalität im Idealfall gleich bleibt.

Binance stellt MetaFi vor

Mit dem Rebranding hat die Börse auch ein neues MetaFi-Konzept eingeführt. MetaFi bietet fortschrittliche, ausgefeilte Infrastrukturunterstützung für Projekte, darunter GameFi, SocialFi, NFTs, das Metaverse und andere im Entstehen begriffene Web3-Anwendungen, die an einem zentralen Ort verfügbar sind. Dies würde eine führende Rolle bei der Einführung von Anwendungen im großen Maßstab spielen.

Binance gab keine weiteren Einzelheiten zu seinen Plänen bekannt, ein so ehrgeiziges Kunststück zu erreichen – all diese Kryptoprodukte unter einem Dach unterzubringen und Interoperabilität zu erreichen. Da jede einzelne Komponente, die Binance unter ihrem Dach zu integrieren beabsichtigt, bereits in konkurrierenden Layer-One-Ketten vorhanden ist, wird es interessant sein, die Entwicklung der Pläne der Börse zu beobachten.

Die BSC wurde häufig wegen Bedenken hinsichtlich einer zu starken Zentralisierung der Kette kritisiert. Zentralisierung führt oft zu Schwachstellen, und ein gutes Beispiel ist Bunny Finance, das einige Exploits erlitten hat.

Binance sagte, dass es mit den Änderungen die Anzahl der Validatoren in der Chain von 21 auf 41 erhöht hat. Dies sollte die Dezentralisierung und Skalierbarkeit der Plattform fördern. Außerdem hatte es zuvor etwa 1 Milliarde USD in das BSC-Ökosystem investiert. Diese Investition wird eine bedeutende Rolle bei der Unterstützung der Gemeinschaft der Kette spielen.

„Die BNB-Chain-Community wird von den zuvor aufgelegten Mitteln in Höhe von 1 Milliarde USD profitieren und finanzielle und operative Unterstützung sowie eine Einführung in die führenden Experten, Mentoren und Investoren der Branche erhalten. Das Ökosystem wird eine Reihe dieser Programme aus Live-Mentoring anbieten Veranstaltungen und Workshops bis hin zu Hackathons und persönlichen Treffen“, sagte Samy Karim, Koordinator des BSC- Ökosystems gegenüber Cointelegraph.

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Telos (TLOS) price has risen by 120% over the past month: this is why it is rising

Telos (TLOS) has maintained a bullish outlook since January 27th. It set a new all-time high at $1.43 on February 7 before taking a slight pullback to $0.986 and later resuming its bullish trend.

It is currently trading at $1.12 after a 10.84% surge in the last 24 hours.

In this article, we shall take you through what is propelling the current Telos (TLOS) Bull Run.

What is Telos (TLOS)?

Before we delve into the current bullish trend, it’s important we first explain what Telos is.

Telos is a blockchain network that incorporated with an EOSIO software aiming at bringing scalability and speed to smart contracts for NFTs, social media, gaming, and decentralized finance (DeFi). Its native token is called TLOS.

Why is the price of TLOS rising in February?

Three reasons are being attributed to the current bullish TLOS bullish trend. These include new partnerships, TLOS integration to the Anchor wallet, and the increased launching of NFTs and DeFi projects on the Telos network.

New Partnerships

Over the past few weeks, Telos has had several integrations and partnerships that have increased its brand awareness across the globe.

For example, the integration of Telos Foundation with DappRadar has helped Telos users to keep track of their dApps on the Telos Network.

The Telos Foundation also partnered with BikeChain, a self-governing ride-share application that processes all the transactions on the Telos blockchain.

Launching of NFTs and DeFi projects on the network

There has been an increase in the number of DeFi and NFT projects launching on Telos; something that has attracted liquidity and users to the protocol. The most recent DeFi project is the OmniDEX which is the first native decentralized exchange to be built on the Telos network.

Other projects that have been recently launched from Telos include the cross-chain NFT marketplace tofuNFT, the AristotleDAO DeFi protocol, the TelosPunks NFT project, and the NFT social media app APPICS.

TLOS integration to the Anchor wallet

The other significant development in the Telos ecosystem was the network’s integration to the Anchor wallet from Greymass, an organization built to facilitate the growth of distributed ledger technologies and the infrastructure powering them, this led to a huge price hike.

Through this integration, TLOS holders can sign in safely to various applications like Staker One platform, Telos web wallet, and the Decided Voter, that operate within the network.

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