Crypto News Archive - Seite 1403 von 1898 - Finanzmittel Info + Krypto + Geld + Gold

18. Oktober 2022

Quant (QNT) gains 26% in a week as other cryptos struggle: here’s why

Quant (QNT) cryptocurrency has been on a sustained bullish trend in the past week as the majority of cryptocurrencies including Bitcoin and Ethereum struggled to get a footing after months of a bear market.

Although QNT is on a downtrend today, having lost about 6% in the past 24 hours, the coin has gained about 26.3% in the past seven days. The coin has seen a resurgence that has seen it beat Bitcoin and Ethereum, the two largest cryptocurrencies by market cap. But why?

Let’s delve into the forces propelling this cryptocurrency high in such tough times.

Why Quant price surged 26% in the past week

Interestingly, there has not been any major news about Quant blockchain or its QNT token over the recent past that would spur such a performance for the coin. But all the same, a blockchain analytics startup called Santiment has attributed Quant’s price surge to “Volume, daily active addresses, and whale accumulation.” The startup says that whales have accumulated 15% of QNT tokens in just five months.

Data from Intotheblock also shows that about 60% of holders purchased QNT between one and twelve months ago.

The majority of Quant’s network activity can be attributed to the recent changes where the network introduced the Tokenize mechanism back in June allowing users to generate QRC20 tokens that are compatible with ERC20 tokens. Quant also supports QRC21 tokens allowing users to build and deploy safe, interoperable non-fungible tokens (NFTs).

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18. Oktober 2022

Azuki launches physically backed token linking real objects to blockchain

Japanese anime-inspired NFT initiative Azuki is expanding its presence in Web3 with the launch of a physically-backed token (PBT). The PBT will allow users to generate digital tokens to represent real objects on the Ethereum blockchain allowing on-chain ownership of tangible assets.

The PBT will give businesses and content creators a tool for creating experiences and next-generation storytelling for their audiences.

Physical Backed Token standard

Creating digital representations of real-world objects is not a new concept. However, maintaining the link with the object throughout its lifetime is still a challenge and that is what Azuki’s new PBT token standard aims to solve.

The Physical Backed Token standard technology provides complete on-chain, decentralized identification, and monitoring of the entire ownership history of physical goods through their digital representations. It introduces trustless authentication where anyone and everyone can freely authenticate, validate, and construct interactions with the objects.

Azuki’s scan-to-own experience

Azuki’s PBT offers a “scan-to-own” experience that allows users to generate digital tokens by simply scanning real objects. The person who scanned the physical item (who is also the owner of a physical item) then becomes the owner of the generated digital token.

According to Azuki, several Web3 projects have developed ways of developing digital tokens for physical products but in most cases, the physical product and the generated digital token are immediately separated after the digital token is minted. Azuri has gotten around this drawback by providing decentralized authentication and tracking of the physical product throughout its lifetime.

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18. Oktober 2022

MATIC soars by more than 8% so far today: Here is why

MATIC, the native coin of the Polygon network, is up by more than 8% today, thanks to Polygon reaching a new milestone.

MATIC is the best-performing cryptocurrency amongst the top 20 coins by market cap in the last 24 hours. The coin has added more than 8% so far today and could rally higher before the end of the day.

The positive performance comes after Polygon announced that it had achieved a new milestone.

🚀 A MAJOR adoption milestone 🚀

53,000+ decentralized apps have found their home #onPolygon as of the end of September, as per @AlchemyPlatform.

This means… 🤯
8x jump from the start of 2022.
60%+ increase since June.

— Polygon – MATIC 💜 (@0xPolygon) October 17, 2022

The Polygon team revealed that the total number of decentralised applications (dApps) on its platform has now surpassed 53,000. The team revealed that it had experienced an 800% increase since the start of the year and an over 60% increase since June.

The rally comes as the broader cryptocurrency market continues its positive start to the week. The total cryptocurrency market cap is up by nearly 2% today and now stands at $940 billion.

Bitcoin, the world’s leading cryptocurrency by market cap, is closing in on $20k as it is up by more than 1% over the last 24 hours. Ether is also up by 2% so far today and is now trading at $1,335 per coin.

Key levels to watch

The MATIC/USD 4-hour chart is bullish, as Polygon has been performing well over the last 24 hours. The technical indicators show that MATIC is outperforming the broader crypto market at the moment.

MATIC/USD Chart By TradingView

The MACD line is above the neutral zone, indicating that MATIC is currently in a bullish mode. The 14-day RSI of 64 shows that MATIC is heading into the overbought region if the rally is sustained.

At press time, MATIC is trading at $0.8758. If the positive momentum is sustained, MATIC could soar past the first major resistance level at $0.9355.

However, it would need the support of the broader cryptocurrency market to cross the $1 psychological level for the first time since August.

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The post MATIC soars by more than 8% so far today: Here is why appeared first on CoinJournal.

18. Oktober 2022

Rarible launches its NFT aggregator to help shoppers bargain hunt

NFT marketplace Rarible wants to make it easy for its shoppers to hunt bargains when buying nonfungible tokens.

NFT marketplace Rarible has announced the launch of an NFT aggregator on its platform. The aggregator is designed to enable shoppers to browse listings across numerous marketplaces and compare their prices.

According to Rarible, the tool will make it easier for shoppers to hunt for bargains in the NFT space.

The aggregator is now live on Rarible’s homepage. The tool displays a search bar that enables users to browse NFTs based on their preferred filters like price, auctions about to end, recently-listed NFTs, and trending projects.

Rarible’s co-founders, Alexei Falin and Alex Salnikov told The Block during the Ethereum Foundation’s recent Devcon conference in Bogotá, Colombia, that the company has moved into aggregation.

Falin stated that the aggregator is pretty much like Google for NFTs. he added that the aggregator makes it easier for users to locate the best prices across various marketplaces and blockchains.

The company’s aggregator collects data about NFTs across numerous marketplaces. Rarible also doesn’t charge any extra buying and selling fees via its platform for transactions.

The Rarible aggregator includes filters that allow users to narrow down NFT projects based on certain criteria.

Rarible users can browse NFTs by blockchains, including popular ones like Ethereum, Tezos, Solana, Polygon, Immutable X, and Flow.

Rarible’s aggregator also filters to search NFTs based on the edition type and the purchase method (it could be an auction, immediate purchase, or open to offers.)

This latest cryptocurrency news doesn’t come as a surprise, as some NFT platforms have been adding aggregation tools to their services.

In June, Uniswap Labs acquired the NFT marketplace aggregator Genie to further incorporate NFT functionality into UniSwap Labs’ product range. OpenSea also acquired NFT aggregator service Gem earlier this year.

Rarible has been around since 2019 and is one of the leading NFT marketplaces in the world. The company expanded its offering for gaming NFTs last month after partnering with Immutable X.

The post Rarible launches its NFT aggregator to help shoppers bargain hunt appeared first on CoinJournal.

17. Oktober 2022

Is Solana about to slide further, or a bullish reversal is imminent?

Solana (SOL/USD) trades at $30.5 after an intraday gain of 2.22%. However, weekly losses total 6.42%. A brief check of the price action shows that this is a support zone for the cryptocurrency. To a technical reader, the area remains of interest.

Solana has been touted as an Ethereum killer due to its fast speeds and low transaction costs. Yet, the blockchain shares significant similarities with the Ethereum ecosystem. However, the name tag is quickly getting eroded as a series of hacks have hit the Layer-1 blockchain. Rising capital outflows have been commensurate with the price decline.

As of October 13, data by CoinMarketCap shows that Solana had a total capitalisation of $10.6 billion. That was a 13% or $1.43 billion decline from October 6. The drop coincided with a $100 million exploit of Mango Markets, a Solana DeFi protocol. SOL has been under pressure since then, although the market cap has improved slightly to $10.9 billion

While macro issues, including high inflation, are to blame for SOL’s decline, the hacks send wrong market signals. That partly explains why the cryptocurrency is struggling at the $30 level. In our assessment, a further decline is a more probable outcome than a bullish reversal.

Solana retests $30 supported-turned resistance

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Source – TradingView

The daily chart above shows that $30 has already become a resistance. Potentially, SOL is retesting it before proceeding lower. A lack of positive sentiment is to blame, with the momentum weakening into bear territory.

Which way, SOL?

A retest of the $30 resistance could force a further decline, with the next potential zone for SOL at $26. However, buyers could try to overcome a further drop and keep SOL above $30.

Although the bull scenario looks less likely, we should watch for price action at the potential resistance. Bulls must also overcome the descending trendline to consider a more lasting upside.

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