Kategorie: Crypto Markets

• At press time, the Moonbeam (GLMR) token was trading at $0.2601, up 56.29% in a day.
• Moonbeam’s trading volume has also surged by 1937.22% over the last 24 hours.
• Upbit Exchange has announced that it will list the GLMR token.

Moonbeam’s native token, GLMR, has surged by an impressive 56% in the last 24 hours, currently trading at $0.2601 on various spot trading platforms. This remarkable price action is generating significant buzz within the altcoin market.

What’s driving this surge is the recent announcement that GLMR is set to be listed on Upbit, one of South Korea’s leading cryptocurrency exchanges, known for its pivotal role in token expansion.

Upbit to list Moonbeam (GLMR) token

Upbit’s decision to list GLMR has far-reaching implications, given South Korea’s stature as a major hub in the digital currency trading world. This listing has ignited excitement across the crypto industry, as it opens doors to a vast and influential market.

Moonbeam, as a prominent protocol within the Polkadot ecosystem, has been on a mission to onboard highly functional decentralized applications (dApps) and establish unique reward mechanisms for early supporters. Its strategic collaborations have contributed to its rising prominence. Competing head-on with the Astar Network, Moonbeam’s listing on Upbit is expected to amplify its reach and bolster its long-term sustainability.

The persistent Moonbeam bear market

For Moonbeam enthusiasts and investors, this surge comes as a breath of fresh air. GLMR had languished below the $0.2 mark for weeks, making this sudden leap a welcome development that recovers a substantial portion of its recent losses.

GLMR’s spectacular 50.2% surge is a testament to the growing interest in Moonbeam’s potential. The forthcoming Upbit listing has ignited optimism within the cryptocurrency community, offering Moonbeam a valuable opportunity to strengthen its position in the highly competitive blockchain landscape.

As Moonbeam pushes forward with its vision of facilitating decentralized applications and rewarding early supporters, its listing on Upbit marks a significant milestone in its journey towards achieving broader recognition and adoption.

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• Worldcoin (WLD) has announced that more than 200,000 people in Chile have signed up for World ID.
• The project, co-founded by OpenAI CEO Sam Altman, has come under increased scrutiny over data collection and privacy concerns.

Worldcoin (WLD) announced on September 24 that more than 200,000 Chileans have signed up and completed verification for its World ID. The number of sign-ups for the digital identity protocol exceeds 1% of the country’s population, which stands at around 19.5 million, the Worldcoin team noted.

Amid the growing demand in Chile, Tools for Humanity – a developer group contributing to the development and adoption of Worldcoin – has added the biometric imaging devices (Orbs) to two other locations in Chile. 

Other than the capital Santiago, the iris scanners are now located in the cities of Vina del Mar and Concepcion.

Worldcoin faces regulatory scrutiny

Worldcoin, co-founded by OpenAI CEO Sam Altman and which went live in July this year, says more people are signing up with World ID as they receive “free” WLD coins. Indeed, according to details on the project’s website, over 2.3 million people have had their eyeballs scanned so far.

Altman and team maintain that the project is for a digital ID that will help people prove online that they are human – a path towards Proof-of-Personhood in a world where AI may make this difficult. Data regulators and privacy groups across several countries have, however, raised concerns about Worldcoin’s data collection.

It’s this push for more clarity on what happens to the biometric data that Worldcoin collects that has seen Argentina, France, Kenya, Nigeria, the United Kingdom, and Germany take various regulatory steps.

Kenya, for instance, suspended Worldcoin’s activities in August and had a parliamentary inquiry after thousands of people thronged the capital Nairobi to have their eyes scanned in exchange for WLD tokens. Worldcoin co-founder Alex Blania is among the project’s officials to appear before the ad hoc committee.

According to a report in the Daily Nation last week, Kenya had detained the project’s top executives only to release them after US authorities allegedly intervened.

The post Over 200,000 Chileans have signed up for Worldcoin (WLD) appeared first on CoinJournal.

A whirlwind of price fluctuations, breakthroughs, and transformative developments shape the crypto landscape. One such development has been the recent struggles of Litecoin (LTC) juxtaposed with the promising potential of InQubeta ($QUBE).

While the LTC charts forecast a potentially tricky path ahead, all eyes are on the new ICO, QUBE, which is gearing up for a possible 6000% surge.

InQubeta ($QUBE): the AI investment revolution

Before diving deep into the Litecoin narrative, it’s crucial to introduce one of the best ICOs in 2023: InQubeta. This crowdfunding platform is setting the stage to change how we view AI-driven investment opportunities. The ethos behind InQubeta revolves around democratizing access to AI startup investments, a field historically dominated by big players. With an intention to transform the landscape and make it accessible to everyday investors, InQubeta is gearing up to be more than just another good crypto to buy; it’s an entire movement.

QUBE, with its deflationary token model, rewards investors while simultaneously introducing token burns. But what makes it truly stand out is its vision of a restructured AI investment landscape, where opportunity isn’t limited to a privileged few. 

As it readies for a jaw-dropping 6,000% surge, there’s a palpable excitement surrounding QUBE in the investment community. Its forthcoming rally is indicative of the immense faith investors have in its future and its revolutionary approach to AI investment. The resounding success of the ongoing InQubeta presale is evidence of this fact.

Litecoin (LTC): navigating the storm

Litecoin, one of the top altcoins, is currently going through a turbulent phase. After a significant breakdown near the $80 mark, it now flirts with a crucial support level at $65. Technical analysis indicates that LTC has formed a double bottom pattern, a classic chart figure often interpreted as a sign of potential trend reversal. Currently, LTC grapples with the 20-day EMA, aiming to overcome it in its quest to reclaim the lost ground.

However, the stakes are high. Litecoin is dancing at a precarious crossroads. If it manages to hold its ground above the $60 level and witnesses subsequent buying, it could reverse its recent losses and potentially regain the swing back to $80. But, on the flip side, should it slide below $60, it could be headed for a sharper decline, targeting the $50 mark.

Conclusion

As Litecoin finds itself at a pivotal juncture, its future seems uncertain. On one hand, it may reclaim its previous highs, and on the other, it may undergo further dips. This unpredictability is a testament to the volatile nature of the crypto market.

Conversely, InQubeta stands tall, not just for its presale success but for its innovative approach to AI investments.

As the crypto world evolves, the juxtaposition of these two cryptos paints a vivid picture of the industry’s dynamics – from top crypto coins facing market pressures to emerging ones like QUBE promising groundbreaking transformations. Seasoned or new crypto investors can keep a keen eye on these developments, as they could shape the contours of the crypto landscape.

For more information about InQubeta and the ongoing presale, visit InQubeta Presale or join the InQubeta Communities.

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• Base’ has outpaced established networks like Solana proving its growing prominence in the DeFi landscape.
• Base’s remarkable rise is driven by projects like Aerodrome Finance and Friend.tech.
• Base has also enjoyed an impressive increase in transaction volume.

Coinbase’s layer 2 network, Base, has witnessed an astounding surge in its Total Value Locked (TVL), hitting approximately $397.32 million within just a month and a half since its August launch.

This meteoric rise has propelled Base ahead of Solana, whose TVL currently stands at $358.96 million. In the past 30 days alone, Base’s TVL surged by a staggering 97.21%, as evident on DeFiLlama, while Solana experienced a 9.64% decrease in TVL during the same period. Interestingly, the surge comes even after Base suffered an outage at the beginning of September.

Screenshot from DefiLlama

Blockchain projects launched on Base

Within Base’s TVL, two native projects have played a pivotal role. Leading the charge is the decentralized exchange (DEX) Aerodrome Finance, boasting a TVL of $97.83 million. In a similar vein, the decentralized social media (DeSo) app Friend.tech secured the second spot with a TVL of $36.53 million.

Aerodrome Finance, launched on August 28, allows users to deposit liquidity and earn AERO tokens. Its TVL saw an explosive growth spurt on August 31, with an influx of $150 million in a single day. However, it subsequently witnessed a decline of approximately 51% from its peak.

Friend.tech, introduced on August 11, enables users to tokenize their social networks through the exchange of “Keys.” Despite initial concerns regarding user activity and fees in late August, the platform staged a remarkable comeback in September. DeFi Llama reports that Friend.tech’s TVL skyrocketed by a staggering 540% over the past month, primarily driven by increased daily trading volume since September 9.

Further down the list, Base’s TVL is predominantly attributed to multi-network DeFi platforms such as Compound, Curve, and Uniswap.

Increased daily transactions

Notably, Base recently achieved an all-time high in daily transactions, reaching 1.88 million on September 14. This accomplishment firmly positions Base ahead of rival chains like Optimism and Arbitrum, which collectively managed almost 880,000 transactions on the same day.

While daily transactions have dipped to around 908,000 as of September 22, Base’s transaction ATH remains unbroken.

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