Laut Binance-CEO Changpeng Zhao ist die Kryptobörse aktuell besonders stark um Compliance bemüht, und konnte dadurch nach Frankreich nun auch in Spanien eine Zulassung ergattern.
VIDT Datalink price has gone parabolic but a 46% dive is imminent
The VIDT Datalink price has gone parabolic in the past few days even as other cryptocurrencies have recoiled. The token rose to a multi-month high of $0.82, which was about 697% above the lowest level this year. According to CoinGecko, its total market cap has surged to about $29 million.
What is VIDT Datalink?
VIDT Datalink is a blockchain project that seeks to change the data integrity and validation industry. The platform is made up of three key services: VIDT API, VIDT Private Cloud, and VIDT Smart Contract.
VIDT works in a relatively simple way. It starts with publishing products like Salesforce, SAP, and other software products. These products are then connected to multiple cloud providers like AWS, IBM Cloud, and Google Cloud. Finally, they are linked nu the VIDT API, which is a cost-effective way to use the data integrity platform.
There are many use cases of VIDT Datalink. For example, it can be used by luxury brands like Rolex and Breitling to secure their timepieces. The companies can secure these timepieces using the platform’s technology and ensure that it cannot be replicated. When its ownership changes, VIDT’s smart contract features will then be moved to the new owner.
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VIDT also has a lot of usage in the new and growing industry known as non-fungible tokens (NFT). One of the challenges that the industry is facing is how difficult it is to differentiate between genuine and fake products. Creators can use VIDT to ensure that their creations are not counterfeited.
At the core of this platform is the VIDT token. Each time that a publisher timestamps a file or an NFT, one VIDT transaction is made which records all the transactions into several blockchains.
VIDT Datalink price prediction
The daily chart shows that the VIDT price has gone parabolic this week. As it rose, the coin managed to move above the important resistance level at $0.27, which was the lowest point in July 2021. Now, it has moved above the 25-day and 50-day moving averages while oscillators have kept rising.
I believe that these gains are not sustainable in the short term. As such, there is a high probability that the VIDT token will soon have a sharp pullback. If this happens, the next key support level to watch will be at $0.2736, which is about 46% below the current level.
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Grund zur Sorge? Celsius überweist wBTC im Wert von 529 Millionen US-Dollar an FTX
Die Krypto-Community ist besorgt, dass diese Überweisung zu einem Massenausverkauf führen könnte.
Trotz Bitcoin-Einbruch: 55 Prozent der Krypto-Anleger HODLen laut Umfrage
Privatanleger sind aktuell bei BTC-Käufen eher vorsichtig, aber eine Umfrage ergab, dass 55 Prozent der Anleger HODLen statt zu verkaufen.
TRON DAO adds $20M to its reserve to safeguard against bear market
TRON DAO Reserve has today announced on Twitter that it has purchased an extra $10 million worth of USDD and $10 million worth of TRX for its reserve.
The tweet reads:
“To safeguard the overall blockchain industry and crypto market, TRON DAO Reserve have purchased another $10,000,000 #USDD and #TRX as reserve.”
TRON reserve had fallen by $20 million following the current bear market and the added amount will bring back the reserve to its previous level. TRON has been adding to its reserve continuously as the crypto bear market persists.
The update by TRON DAO Reserve was also confirmed by Justin Sun, who is the founder and leader of the TRON Foundation.
total 20 million for today! https://t.co/Hcaq58TZhg
— H.E. Justin Sun 🅣🌞🇬🇩 (@justinsuntron) July 8, 2022
The Fight to preserve USDD dollar parity
USDD is TRON’s algorithmic stablecoin, similar to the USTC (previously UST) of Terra Classic (previously Terra LUNA).
To prevent the USDD from undergoing a similar collapse as what happened to the USTC, TRON has collateralized USDD using a TRON DAO Reserve.
The DAO holds $2.2 billion worth of collateral in BTC, USDC, USDT, TRX, and the added $10 million worth of USDD. The USDD is about 316% overcollateralized.
Last month, the TRON DAO Reserve added $2 billion as it fought shorting against the TRX in trying to perverse the USDD dollar parity. The USDD had spent a week trading below $1 and even went to as low as $0.93 but has since recovered to the dollar party. Following the de-peg, TRON DAO has added USDD and TRX on several occasions.
While the launch of the USDD stablecoin was hyped as a major booster for TRON, TRON has had to fight tooth and nail to ensure the algorithmic stablecoin doesn’t collapse like the UST. In general, while the USDD has maintained its dollar parity so far, the TRON token has dropped by about 50% from its 2021 high of $0.16.
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