Autor: dot-traders

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Waves (WAVES) gains over 240% in the last month alone

The crypto market has had very high volatility during the first quarter of the year. In March, we saw some decent upswings albeit markets remained very risk-averse. Despite this, there is one token that has been seeing incredible gains. Waves (WAVES) has been the star of March, and here is why.

  • The coin has gained over 240% in the last 30 days or so.

  • Waves has also outperformed the entire crypto market by a huge margin.

  • The coin is now ranked among the top 50 biggest crypto assets.

Data Source: Tradingview

Waves (WAVES) – Where will it go next?

There have been several factors that have pushed Waves in recent weeks. More so however is the increased total value locked or TVL in some of the ecosystem projects. For example, The Neutrino Protocol, an innovative DeFi tool kit built on the Waves network has seen its TVL rise by nearly 350% in the last month alone. 

There was also an announcement that Waves was planning to launch Waves 2.0, a much improved and efficient network. The announcement was made on February 11, and while the coin has had volatility since then, its overall trend has been upward. 

Waves is looking at adding EVM compatibility with Waves 2.0, something that will bring cross-chain interoperability into the platform. The coin is expected to continue seeing this decent uptick in the near term. It could surge above the $3.3 billion market cap quite substantially.

Is it time to buy Waves (WAVES)

Waves (WAVES) has been doing very well to enhance the appeal of its ecosystem towards developers. It is also allowing a lot of innovative DeFi products to come to its protocol. The future is indeed bright, and it is likely we are going to see superb long-term value. As a result, it would make a lot of sense to buy the coin.

The post Waves (WAVES) gains over 240% in the last month alone appeared first on Coin Journal.

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Metaverse gaming: 3 Undervalued coins under the radar

Play-to-earn games have been quite popular in the blockchain in the last 12 months. There is no doubt this is a unique trend, and we expect games to become more integrated into the metaverse in the future. After all, the metaverse brings in new possibilities for blockchain gaming, and here is how:

  • The metaverse will help create a gaming economy in digital ecosystems.

  • The integration of AR and VR in gaming will be possible with the metaverse.

  • The Metaverse is likely to change interactions between gamers forever.

Well, for investors who are looking for undervalued gaming coins that are fully integrated with the metaverse, we have three options below to consider:

Star Atlas (ATLAS)

While everyone else has been talking about Axie and Sandbox, Star Atlas (ATLAS) has been quietly building up its terrestrial game and bringing in a lot of active monthly users. The game is set in a virtual terrestrial world where players build spaceships to fight for the control of space. 

Data Source: Tradingview

It offers one of the most incredible immersive gaming experiences thanks to its strong virtual reality. ATLAS is the in-game currency within the Star Atlas universe. It is also the governance token for the platform, and it is a great investment for people looking for metaverse gaming.

Alien Worlds (TLM)

Still, in the world of terrestrial dominance and outer space, Alien Worlds (TLM) is another metaverse gaming token that offers augmented and virtual reality as well. The good thing about this token is that it also integrates some aspects of DeFi. There is also a fully integrated NFT marketplace.

MetaBlaze (MBLZ)

MetaBlaze (MBLZ) is a relatively newer metaverse token that is hoping to create increased metaverse utility in both gaming and entertainment. The coin so far appears to have a decent list of backers and investors. It is something you should keep an eye on.

The post Metaverse gaming: 3 Undervalued coins under the radar appeared first on Coin Journal.

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Oil giant Exxon to expand its gas to power crypto mining pilot program to four countries

Exxon Mobil Corporation is conducting a pilot program using the surplus natural gas from North Dakota oil wells that would otherwise be burned off to power cryptocurrency mining operations. Sources familiar with the program say that the oil giant intends to replicate the project in four other sites across the globe.

As part of the pilot program, Exxon signed an agreement with Crusoe Energy Systems Inc. to use gas from a Bakken Shale Basin oil well to power mobile generators used to run Bitcoin mining servers on-site.

The pilot program was launched in January 2021 and by July the same year had already used up to 18 million cubic feet of natural gas that would have otherwise been burned off because of the lack of enough pipelines to transport the gas.

Expanding the pilot program

Exxon is now considering undertaking similar pilot programs in Alaska, Argentina’s Vaca Muerta shale field, Qua Iboe Terminal in Nigeria, Germany, and Guyana.

One of the people privy to the information in an interview with Bloomberg said:

“We continuously evaluate emerging technologies aimed at reducing flaring volumes across our operations,” and Exxon expects to meet the World Bank’s call to end routine flaring by 2030, spokeswoman Sarah Nordin said in an email. She declined to comment on “rumors and speculations regarding the pilot project.”

Exxon’s push comes amid the increasing push to have oil and gas producers reduce their carbon footprint to help in the fight against climate change. One of the ways of reducing the carbon footprint is by reducing the amount of natural gas they burn on site.

At the same time, there is a rash by crypto miners to use the cheap gas from oil wells to power their mining operations instead of going for power from the national grids. Although when using the gas to power crypto mining still involves burning the gas and releasing carbon dioxide into the atmosphere, the energy is at least put to use compared to just burning the gas for nothing.

Last month ConocoPhilips acknowledged supplying a Bitcoin mining firm with natural gas from the Bakken shale basin in North Dakota. Shale oil produces a lot of excess gas which is mostly burned off.

The post Oil giant Exxon to expand its gas to power crypto mining pilot program to four countries appeared first on Coin Journal.

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Crypto exchange founder asks EU to investigate if Binance is ‘helping’ Russia

European Central Bank president Christine Lagarde also said this week that Russians were using digital assets to shirk sanctions.

The founder of Ukraine-based crypto exchange Kuna, and the manager of Crypto Fund of Ukraine Michael Chobanian is suggesting Binance needs to be investigated for potential collusion with Russia over sanctions.

In comments reported by CoinDesk on Thursday, Chobanian asked the European Union to take that step to determine whether indeed the leading crypto exchange had “cooperated” with Russia to help Putin’s government evade sanctions.

Chobanian, also the head of Blockchain Association of Ukraine, told the publication that he would apologise if investigations proved Binance had done no wrong. But he added that if it’s confirmed, then the EU would need to handle it.

The accusations surfaced last week, with Binance moving to refute the Kuna crypto exchange founder’s allegations.  

It’s like a „big bank“

Although Chobanian says there is no proof of anything yet, this is what might be happening. He opined that it’s likely Russia is using Binance as a “bank.” 

Instead of buying Bitcoin or crypto, those seeking to evade sanctions can just “top up” their accounts using rubles, convert that into US dollars and comfortably withdraw the money in a different country.

It could happen even without crypto changing hands, he said. “It is fiat transaction in, fiat transaction out,” he told CoinDesk.

The allegations are in line with some concerns from authorities that Russian oligarchs could turn to crypto to circumvent sanctions. Many industry experts and lawmakers see crypto as being of little help to sanctioned individuals and the Russian government.

However, some regulators and leaders say it’s possible. This week, the European Central Bank (ECB) president Christine Lagarde warned that Russia was using crypto to dodge sanctions.

The post Crypto exchange founder asks EU to investigate if Binance is ‘helping’ Russia appeared first on Coin Journal.