Cryptocurrency

Cryptovalue is a type of digital currency, creation and control of which are based on cryptographic methods. Usually, cryptocurrency accounting decentralized. The operation of these systems is based on technologies such as blockchain, directed acyclic graph, Consensus registry (ledger) etc.

Investment company Kelly wants to launch a futures ETH ETF

Three months ago, ProShares and VanEck withdrew applications to launch Ethereum futures ETFs, but the investment company Kelly Strategic Management was not deterred by this development and it filed its own application with the SEC for approval of a similar product Kelly Ethereum Ether Strategy ETF will be an actively managed fund, investing in ETH contracts with cash settlement, traded on listed commodity exchanges. Currently the Chicago Mercantile Exchange (CME) is the only platform, where ETH futures are traded. The current limits on ETH futures contracts are 8000 contracts per month (each contract – this 50 ETH). If the Kelly Fund Chooses These Limits, then will invest in long-term ETH contracts or additional fixed income products, for example, government bonds or corporate debt securities. In August, VanEck and ProShares abruptly withdrew their documents for ETH futures ETFs., what indicates a possible refusal on the part of the SEC. Last month, two bitcoin futures ETFs from ProShares and Valkyrie were approved.. The head of the SEC, Gary Gensler, said, that such funds provide sufficient investor protection.

Omicron Altcoin Course (OMIC) is growing rapidly

As known, more recently, markets have collapsed due to a new kind of COVID-19 called Omicron (OMIC), but, this did not prevent the token with the same name from growing rapidly Now 1 OMIC is trading slightly higher $460, showing a daily increase in 137%. Compared to the minimum 17 November increased 735%.

Cryptanalyst told about the nearest prospects 5 popular altcoins

Cryptocurrency analyst with the nickname Altcoin Sherpa spoke about the potential levels of decline, which can be achieved 5 popular altcoins According to him, polkadot blockchain (DOT) there is a chance to face a significant increase in demand in the event of an overlap of the 200-day exponential moving average (EMA): "On the DOT, I expect the continuation of consolidation in the region $30 – $40, as it supports the 200-day EMA, namely at $32". The sandbox blockchain gaming ecosystem looks promising (SAND) and the analyst hopes for the ability to enter the asset at a level of about $5: "This asset is one of the few, which are worth buying on the fall of the rate. The strongest assets are repaied faster than others.. Third altcoin on analyst's list – CRO, on the basis of which the trading platform of the Crypto.com operates. Altcoin Sherpa considers, that CRO has support on low timeframes: "According to CRO I expect the bottom at around $0.6". Analyst closely monitors the platform of smart contracts Oasis Network (ROSE), working in the field of confidentiality for open finance. In his opinion, THE ROSE course can grope the bottom nearby $0,29: "Not a bad first reaction to $0,618 [Fibonacci level]. I would like to see consolidation at the mark $0,618, and then you can form a solid bottom.". And closes the list of the platform in the field of payment infrastructure COTI. COTI is now using the 200-day EMA as support. ($0,37), но очередная распродажа может стать …

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Cryptostrategist considers, that the correction of BTC is almost complete

Cryptocurrency strategist with nickname Smart Contracter considers, that Bitcoin is almost ready to recover. He also pointed out a potential bottom for Ethereum According to him, bitcoin gives signals, that the correction is almost complete: "So far, there are no signs of an immediate reversal., but I suppose, that we saw the final volumes of surrender.

DEX trading volumes for November approached $100 billions

Data on decentralized exchanges (DEX) per month show, that the trading volumes of the ecosystem in November were almost $100 billion According to The Block, as of 28 November trading volumes were almost $99,5 billion. Monthly trading volumes have grown significantly since reaching the annual minimum $56,35 billion (observed in July). November figures have already exceeded October, which equaled $89,15 billions. As expected, popular exchange protocols Uniswap v3 and v2 accounted for the bulk of the monthly trading volume – $47,37 billion and $24,07 billion respectively. According to CoinGecko, on Uniswap v3 the most active trading pair usdC/ETH, which accounted for about $654,4 million daily trading volume. Remarkably, that the total daily trading volumes on the same site amounted to $1,49 billion. The highest trading volumes on the DEX were observed in May – then decentralized sites reported a total volume of $162,83 billion.

Promising altcoin for 4 months increased by 15 000%

Created on the basis of Ethereum altcoin in the field of play-to-earn in just for 4 Months soared on 15 000%, which helped its capitalization to exceed the mark of $1 billion UFO Gaming Project (UFO) was launched in July and during this period the token rate jumped from the initial level $0,00000035011 on 15 379%, getting to $0,00005418. Only in the last week, the altcoin rate has increased by 150%. The team behind the project says, that its ecosystem intends to target the community and will include a wide range of unique planets: "In the case of the discovery of a new planet, the new game will not be long in coming.. Each game will be dedicated to one planet with its own economy. ”The team also highlighted the priorities of UFO Gaming: "UFO Gaming is a decentralized gaming platform, where everyone can choose their favorite genre and earn. Ownership of assets is entirely determined by users. Gaming Assets (NFT and currency) can be transferred from one platform to another. Игровая экономика play-to-earn прозрачна и устойчива» Холдеры токенов могут зарабатывать с помощью стекинга так называемые «plasma points», and the largest holders have a say in the DAO and can determine the future of the UFO metaverse. Now the capitalization of the UFO Gaming project exceeds $1,3 billion. Subscribe to the channel – always the latest news and market review

6 altcoins go against the market, showing decent height

One of the cryptocurrency directions went against the trend in the market and 6 Altcoins Representing It Show Explosive Growth BTC Still Trying To Get Above The Mark $60 000, but altcoins related to games and virtual reality show good profitability.

Elrond rapidly broke into the top 10 DeFi-projects

The new project quickly broke into the top 10 of the rating in terms of blocked value (TVL) and it only took him a week to do so, according to DeFi Llama., Elrond first-level smart contract platform, using a WASM virtual machine, is now the 10th largest DeFi ecosystem with TVL at the level of $2,06 billion. Elrond's main network was launched in July 2020 of the year. Previously, the project was in no hurry to attract developers, but now shows rapid growth against the background of a large-scale liquidity mining program on the decentralized exchange Maiar. 19 November Maiar announced a liquidity mining program for the amount of $1,29 billion, out of which $282 millions will be distributed in the first month. The reward will be paid in a Maiar management token called MEX, the rate of which has grown to $0,001345. During the year will be distributed 5,44 trillion MEX and now the cost of the initiative is $7,32 billion, which could become the largest liquidity mining program in the history of DeFi (subject to the stability of the token exchange rate). Elrond Network CEO Benjamin Mincu noted, that the initial distribution of MEX tokens to EGLD holders helped to increase the pace of use of the project: «60 000 EGLD holders were able to become holders of MEX tokens before the launch of the site. У Maiar с первого дня работы было впечатляющее количество пользователей и оно продолжает увеличиваться» По мере роста конкуренции между проектами первого уровнями, они все чаще обращаются к масштабным …

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Blocked Assets Volumes on Tier 2 Ethereum Platforms Set New Record

Blocked assets volumes (TVL) on Ethereum-platforms of the second level (L2) are growing rapidly and have set a new historical maximum The volumes of blocked assets on Ethereum-platforms of the second level have set a new record According to the analytical company L2BEAT, TVL-like platforms hit record highs in $6,16 billion. L2 platforms – these are scalable solutions, that run on top of the Ethereum network in order to increase transaction throughput. During the week, TVL Ethereum-platforms of the second tier grew by more than 10%. Boba Network became the main driver of growth (BOBA), which is an L2 scaling solution for Ethereum and has demonstrated staggering TVL growth in 1134% – with $75 million as of 13 November to the current $926 million. Scaling solution Optimistic Rollup launched the mainnet at the end of September and now occupies 15% market share of L2 solutions. Only two projects in this sector have a large market share: decentralized exchange dYdX (DYDX) with TVL level $995 million (more 16% market) and Arbitrum scaling solution with TVL about $2,59 billion (more 42% market). TVL L2 solutions are skyrocketing since bottoming out in late September. In less than two months, the market has grown by 144% – with $2,5 billions as of 30 September to the current level above $6 billion.

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