•The Shiba Inu team has launched a new shib.io website and branding, sparking optimism for SHIB prices.
•The website allows users to purchase Shiba Inu the metaverse lands with ease using Ethereum (ETH).
•However, there was a mistake with Shibarium Beta chain ID revealed by the developer.
Shiba Inu Launches New Website
The Shiba Inu team has announced that there is a new shib.io website, debuting a new and improved Shib the metaverse branding. This launch of a new website has sparked optimism among the SHIB community and its 3.6 million followers on Twitter.
New Features on Website
Users of the website can carry out purchases of Shiba Inu the metaverse lands with ease, by using a buy system and making a few clicks that showcase the map of the lands. There are 100,595 lines that will be unlocked in the long term, while only 36,431 will be unlocked and made accessible to users during the first introductory phase, and 32,124 to be made available for purchase. To acquire lands, bids or purchases must be made using Ethereum (ETH).
Setting Up Wallet
In order for interested users to take part in the land bidding or purchasing process, they must set up and use a MetaMask wallet as it is currently compatible with shib.io portal.
Meanwhile, there was also an error with Shibarium Beta chain ID revealed by one of their developers which caused some chaos in their community-centered ecosystem.
Optimism Despite Error
Despite this blunder from one of their developers which caused some confusion in their ecosystem – investors remain optimistic about SHIB prices due to this major launch from Shiba Inu team’s latest projects debuting on their newly created website experience for its users.
• Optimism (OP) experienced a 70% decrease in daily transaction count since the completion of its Optimism Quests programme.
• Cronos Chain now has an official v1.0 version number following the completion of the Galileo mainnet upgrade earlier this year.
• DPA Token (DPAT), the protocol opening up African investments to the global crypto community, remains an international hot topic.
Optimism (OP): Decrease in Transaction Volume
Built on top of Ethereum (ETH), Optimism (OP) is currently one of the leading layer-2 blockchains in the crypto market. By using optimistic rollups, Optimism benefits from the security of the Ethereum mainnet and helps scale its ecosystem. After experiencing a significant increase in daily transactions on the layer-2 network, Optimism has observed a 70% decrease in daily transaction count since it completed its ‘Optimism Quests’ programme at the end of January 2023. The Quests were a series of 18 tasks that guided users through various network features such as swapping, lending, staking etc., with an aim to improve user experience within their ecosystem. Data from Dune Analytics shows that just days before concluding this program, on January 12th, daily transactions on the layer-2 network peaked at 760,000 – marking its highest ever rate since launch two years ago.
Cronos Chain: Upgrade to Version 1.0
Cronos is a layer-1 blockchain network based on Cosmos SDK technology that is interoperable with Ethereum and allows developers to instantly port dApps and assets from other layer-1 blockchain networks such as Ethereum, Solana BNB Chain and Terra; designed to scale DeFi sector & user base for decentralized applications (dApps). Following their upgrade called Galileo MainNet earlier this year, Cronos Chain now has an official v1.0 version number which intends to enhance performance with regard to quickness, effectiveness & dependability when running dApps or transactions across their platform.
DPA Token: Hot Topic Across Africa & Globally
DPA Token (DPAT) is gaining traction globally after initiating African investments into global crypto communities via its protocol – furthering access to digital assets across different parts of Africa and beyond while providing yield farmers more opportunities for profits despite local restrictions or financial regulations imposed by governments or banks within certain countries/regions across Africa continent – making it one of hottest topics internationally right now concerning African investments & potentials available within cryptocurrency markets worldwide!
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At John Kiguru we keep our readers updated about latest news related to cryptocurrency markets such as performances from Optimism (OP) & Cronos (CRO), as well as new projects like DPA Token’s protocol initiative opening up African investments into global crypto communities – so stay tuned for future updates!
The weekly performances from Optimism (OP), Cronos(CRO) & DPA Token remain varied but highly interesting developments have been seen regarding both OP’s ‚Quests‘ program and CRO’s upgrade to v1.0; meanwhile DPAT continues gain traction globally thanks to initiatives aiming at granting access across different parts Africa while also providing yield farmers more opportunities for profits – follow us here at John Kiguru for all your latest crypto news needs!
• Crypto analysts are optimistic about the bull market this year with several tokens, including TRON (TRX), Ripple (XRP) and Orbeon Protocol (ORBN) gaining ground.
• TRON (TRX) is a decentralized platform designed to support entertainment applications and content creators, with the native token TRX used as payment on the platform.
• Ripple (XRP) is designed to provide faster and low-cost global money transfer, handling transactions in under five seconds at a modest fee.
TRON (TRX) is a decentralized platform designed to support entertainment applications and content creators. Its native token, TRX, is used as a payment method on the platform for content creation activities. The number of transactions on the network has been steadily increasing since September last year due to its strong adoption rate and demand. This translates into an ongoing uptrend that’s expected to continue in the future given its unique advantages over centralized mainstream networks such as Netflix. Currently trading at $0.068 with a 24-hour volume of over $206,830,177, TRON (TRX) is an attractive investment option for investors this year.
Ripple (XRP) was developed to provide global money transfers that are faster and more cost-effective than other options currently available in the market. It can handle transactions in under five seconds at a minimal fee compared to traditional networks which can take days or even weeks depending on how far apart two parties are located geographically speaking. This makes it an attractive investment in 2021 due to its potentials for further use cases development and increased adoption rate across different regions around the world. Currently trading at $0.54 with a 24-hour volume of over $24 billion, Ripple (XRP) certainly looks like one good crypto asset worth investing in this year especially when considering its current price momentum against some of its competitors such as Ethereum’s Ether token ETH).
Orbeon Protocol (ORBN)
Orbeon Protocol also known as ORBN is still relatively new but has gained by 1815% since it started its presale phase 8 back in 2020 which shows great potential for further growth this year if their roadmap holds true till 2023 when they plan their mainnet launch date scheduled for Q4 2021 . Despite being new compared to some other cryptos out there it has already made quite impactful partnerships such as Paypal , Applepay & Microsoft Azure proving that ORBN could be one of those tokens that will make headlines soon enough . With so much going on behind closed doors it’s safe to say that investing now while it’s still relatively cheap would be wise decision if you want your portfolio diversified correctly before prices sky rocket past what we saw during last years bull run .
Why Invest Now?
Now let’s look at why you should invest now rather than later when prices might be higher or even lower after some major events occur within these three projects: First off all three projects have different use cases making them attractive investments either way but depending on your risk appetite you could go all in or just invest small portion of your capital . Secondly all three projects have seen significant growth during last years Bull Run showing us there’s plenty of room for improvement once again should another Bull Run start soon . Lastly each project also has potential partnerships lined up meaning once these deals come through prices could shoot up significantly giving early investors huge returns . So if you’re looking for something new yet familiar then all three projects could be great additions to your portfolio whether you’re just getting into crypto or already well established investor alike .
In conclusion , TRON(TRX), Ripple(XRP),and Orbeon Protocol(ORBN) are all promising investments with unique strengths and advantages that make them stand out amongst other cryptos currently available on the market today . All three projects have experienced considerable gains since they launched while also having potential partnerships lined up which could cause prices shoot up significantly should any deal come through thus making them worth considering if you’re looking diversify your portfolio correctly before next Bull Run starts sometime later this year .
• November 2021 saw cryptos peak and then lose massive amounts of value in 2022.
• 2023 has been a different story, with Bitcoin (BTC) hitting an eight-month high at just shy of $25k and Cardano (ADA) doubling Bitcoin’s (BTC) recovery.
• TMS Network (TMSN) is now in the first phase of presale, and many investors are reaping the rewards from trading Bitcoin (BTC).
Crypto Market Reaches Bull Run In 2023
The crypto market underwent a difficult phase during the year 2022, but sentiment changed in 2023 as the markets started to turn their heads. TMS Network (TMSN), a decentralized blockchain-based platform providing a secure, scalable, and sustainable infrastructure for building and running decentralized applications and smart contracts, is currently in its first phase of presale.
Bitcoin (BTC): Sentiment Drives Recovery & Profits
After peaking in November 2021 with prices reaching just south of $70K, Bitcoin (BTC) encountered what was called ‚crypto winter‘ where values tumbled throughout 2022. However, renewed hope and optimism came to fruition when Bitcoin hit an eight-month high at just shy of $25k by February – leading to considerable profits for those who held or traded on reliable exchanges.
Cardano (ADA): Outpacing The Big Tokens For Bigger Yields
As the leader of the pack, Bitcoin’s movements set off proportional effects on other crypto assets like Cardano (ADA) which went on to double Bitcoin’s recovery rate due to its proof-of-stake consensus algorithm that provides transaction validation and network security with layered architecture. This made it possible for traders looking for bigger yields over quicker periods of time more profitable investments as opposed to Bitcoin which is slower but steadier.
Market Grows Wherever Cryptos Grow
The growth or fall of any one crypto asset has the potential to affect other assets similarly; this means that when one asset increases so does another until a balance is established. This concept can be seen in action through Cardano’s recent rise that attracted yields much greater than those experienced by holders buying into bitcoin – however these yield differences are always subject to change if either asset rises or falls beyond expected levels.
Investment Benefits From ‘Buy Low Sell High’ Adage
This idea ties into the concept behind investment strategies like ‚buy low sell high‘ wherein investors buy into assets during times when prices are low so they can benefit from increased values once markets start moving again – this is especially important when dealing with volatile markets such as cryptocurrencies since losses tend to be greater than gains if not managed properly. As such it goes without saying that making sure trades are done using reliable exchanges is paramount if one wishes to maximize returns while minimizing risk exposure
• TangleHub, a leading software development company specializing in decentralized networks, recently partnered with Austrian node provider DLT.GREEN to expand the use of its decentralized storage solution PIPE across Europe.
• PIPE is an open-source decentralized storage infrastructure that offers secure and efficient storage solutions. It works in tandem with the IOTA Tangle and provides greater flexibility by handling data-heavy applications without any hard limit on the number of transactions.
• The partnership between TangleHUB and DLT.GREEN will help streamline the process of deploying PIPE nodes, ultimately providing users with secure and efficient storage solutions.
TangleHub Partners With DLT.Green To Expand Decentralized Storage Solution
The innovative installation solution by DLT.GREEN will make it easy for TangleHUB to offer its decentralized storage solution, PIPE, across Europe in an easy and cost-effective manner. On Tuesday, February 14th, TangleHUB – a leading software development company specializing in decentralized networks – announced its partnership with Austrian node provider DLT.GREEN to expand the use of its decentralized storage solution PIPE across Europe.
What Is The PIPE Decentralized Storage Solution?
PIPE is an open-source decentralized storage infrastructure that allows testing edge micro-storage solutions as well as high-volume data applications which are secure, scalable, fast and give users ultimate control over their data. It works in tandem with the IOTA Tangle and provides greater flexibility by handling data-heavy applications without any hard limit on the number of transactions. Some of the key attributes of this solution include scalability, immutable data storage and transfer, user-oriented design, performance etc.. Recently it achieved a major milestone by hitting 75 powerful nodes thus supercharging its current testing phase while further strengthening the network’s stability and reliability .
Goals Of This Partnership
The main goal of this partnership between TangleHUB and DLT.GREEN is to push for wider adoption of its decentralized storage solution across Europe which will provide users with secure and efficient storage solutions . Dennis Schouten , CEO & Co-Founder at TangleHUB also shared his enthusiasm regarding this recent partnership noting “I’m looking forward to this partnership with DLT.GREEN and the opportunities it presents” . He added “We’re eager to work together to further develop our decentralized storage network ,PIPE ,and expand its reach” .
About DTG Green
DTG Green is basically a decentralized focused node pool which offers reliable nodes for several different uses cases through an API .This kickstarts their efforts towards pushing for wider adoption fo their decentralised Storage Solution throughout Europe .
The partnership between both parties has been established in order to boostthe use of decentralised Storage Solutions within Europe ,thus allowing users access to more cost effective ,secure & efficient Storage Solutions
• The Federal Reserve Bank of New York recently conducted a study on Bitcoin, concluding that it is unresponsive to both monetary and macroeconomic news.
• Bitcoin more closely resembles gold and other precious metals as a store of value than the United States dollar due to its high volatility.
• The study formulated a simple speculative asset model to determine future probabilities related to Bitcoin value, which indicated that monetary news about the future path of policy has larger effects on Bitcoin price than those about the current target rate.
Federal Reserve Bank Study Finds Bitcoin Shares Features with Gold
The Federal Reserve Bank of New York recently conducted a study on Bitcoin, concluding that it shares many features with gold but is unresponsive to both monetary and macroeconomic news. This suggests that Bitcoin is better used as a store of value similar to gold and other precious metals than as payment due to its high volatility.
Speculative Asset Model Used To Analyze Future Probabilities
In order to analyze future probabilities related to Bitcoin value, the study formulated a simple speculative asset model. The results suggested that monetary news about the future path of policy has larger effects on Bitcoin price than those about the current target rate. For example, an unexpected increase in US inflation may lead to higher input costs for exports, making them less competitive in global markets and potentially affecting the price action of Bitcoin.
Bitcoin Price Reacts With Increased Volatility Before & After FOMC Statements
The report also found that before and after Federal Open Market Committee (FOMC) statements touching on interest rates, there was increased volatility in the price action of Bitcoin. This highlights how important economic announcements can be for understanding how changes in macroeconomic variables affect crypto assets like bitcoin in particular.
Conclusion: Crypto Assets Cannot Be Used As Payment At Scale
Overall, this report showed that crypto assets cannot be used as payment at scale due their inherently high volatility compared with traditional assets such as gold or stocks. Although these findings are not new or surprising given previous commentary from Federal Reserve Chair Jerome Powell back in 2021, they do provide further evidence for why crypto assets should be seen primarily as stores of value rather than currencies for day-to-day transactions at present.
Key Takeaways From Fed’s Report On Cryptocurrency
• Crypto assets cannot be used as forms of payment at scale due to their high volatility when compared with traditional assets like gold or stocks;
• Monetary news about the future path of policy has larger effects on Bitcoin price than those about the current target rate;
• Before and after FOMC statements touching on interest rates there is increased volatility in cryptocurrency prices; • Fed Chair Jerome Powell previously noted back in 2021 that crypto assets are too volatile to be used as currency for day-to-day transactions at present
• Venom Ventures Fund invested $5 million in the Everscale Blockchain.
• The Abu Dhabi-based venture fund is partnering with the load-intensive blockchain project to expand its operations within Asia.
• The investment will be used to fund the expansion of Everscale’s development team and projects.
The Abu Dhabi-based venture fund, Venom Ventures Fund (VVF), has made a strategic investment of $5 million in the Everscale blockchain. The investment will be made in stages and will be used to fund the expansion of Everscale’s development team and projects. This move marks a major milestone for both parties, as it will enable Everscale to prove itself and expand its operations within Asia.
The investment has been made in light of Everscale’s underlying technology and its “infinite sharding mechanism”, which allows the Everscale network to adapt to any workload without affecting throughput and processing fees. Peter Knez, Chairman of Venom Ventures Funds, made it clear in a statement that this is a strategic investment aimed at the technological development of projects. He also revealed that VVF would be launching the Venom blockchain soon, and Everscale would be a potential scaling solution.
The additional funding from Venom Ventures Fund will be used for the research and development of Everscale’s scaling solutions. This will include the development of complex technical solutions, as well as the testing of updates on the experimental Everscale network before uploading to Venom’s blockchain.
Everscale Foundation Board Member Moon Young Lee stated that the investment was a major milestone for both parties. He believes that Everscale has been grossly underappreciated in the market and this partnership will enable it to prove itself.
The strategic partnership between the Abu Dhabi-based venture fund and the load-intensive blockchain project is expected to greatly benefit both parties. VVF will gain access to Everscale’s scaling solutions, while Everscale will receive much-needed funding to expand its operations within Asia.
Overall, Venom Ventures Fund’s $5 million investment in Everscale is a major boost for the blockchain project. It is expected to bring about immense growth opportunities for both parties in the near future.
• The European Parliament has voted on policies for banks holding digital assets such as Bitcoin and Ethereum.
• Banks with crypto holdings must hold up to 1,250 percent of the amount they hold in crypto assets.
• The recommendations from the Basel Committee On Banking Supervision were taken into account in the policies.
The European Parliament has recently voted in favor of modifications to the Capital Requirements Directive and the Capital Requirements Regulation, allowing banks to hold digital assets such as Bitcoin and Ethereum. The vote by the Parliament’s economic and monetary affairs committee is a major step forward in the use of cryptocurrencies throughout the financial sector.
The new policies stipulate that banks with crypto holdings must hold up to 1,250 percent of the amount they hold in crypto assets. This percentage was determined based on the recommendations of the Basel Committee On Banking Supervision (BCBS). The BCBS’s papers on the subject of crypto assets over the last three years were consulted in order to create the new guidelines.
The BCBS also advised banks on how to address potential risks associated with holding digital assets. Their recommendations were taken into account when creating the new policies, ensuring that banks are able to hold these assets safely and securely.
Caroline Liesegang, a spokesperson for the Association for Financial Markets in Europe (AFME), stated that the Parliament, Commission, and Council should provide a clear definition of what can be considered as crypto assets. This would provide more certainty to banks that are looking to invest in digital currencies.
The new policies will help to open up the crypto market to more investors and provide more opportunities for banks to diversify their portfolios. With the adoption of these new guidelines, the European Parliament is taking a significant step towards embracing digital currencies.
• Terra Classic (LUNC) has received a huge boost following a successful integration with Interchain Station.
• Lead developer Jared has confirmed that the rebranded Terra network will join a list of other blockchains in the Web3 industry.
• The announcement, however, did not have a positive effect on LUNC price on Wednesday.
The Terra Classic (LUNC) blockchain has recently seen a huge boost to its capabilities with the successful integration of the Interchain Station. Lead developer Jared of Terraform Labs has confirmed that the rebranded Terra network will be joining a list of other blockchains in the Web3 industry, such as Osmosis, Juno and SEI. This will allow for seamless communication between different blockchains, as well as the ability for DeFi developers to access oracle data from different chains with ease.
However, the announcement did not have a positive effect on the LUNC price on Wednesday, according to market data provided by Coingecko. The LUNC price is down approximately 2.6 percent in the past 24 hours, trading around $0.00016310. Despite the short-term downturn in price, the impact of the Interchain Station is expected to be long-term on the price of LUNC.
The launch of interchain support was originally planned for January 12, but was delayed due to technical issues. However, Jared surprised the LUNC community by announcing the launch would be taking place within 48 hours of the tweet. The support team for the Interchain Station will be underway in the coming days.
The successful integration of the Interchain Station with LUNC is a major step forward for the Terra Classic (LUNC) blockchain, and will surely bolster its capabilities in the Web3 industry. With the support team on the way, it could be the start of a new era of seamless communication between different blockchains and the unlocking of more potential for DeFi developers.
• Meta Masters Guild (MEMAG) is launching a new mobile gaming guild, developing a high-quality gaming ecosystem and rewarding community members for victories and participation.
• MEMAG tokens are available during the first stage of the presale at $0.007, with 35% of the total token supply allocated to the presale.
• The primary focus of the ecosystem is sustainability, optimizing gamers‘ engagement and giving them the chance to earn reward tokens while playing fun games.
Meta Masters Guild (MEMAG) is a new mobile gaming guild that seeks to revolutionize the play-to-earn gaming industry. The guild is aiming to create a high-quality gaming ecosystem that rewards community members for their victories and participation. At the center of this ecosystem is the native token $MEMAG.
The presale has now opened, with the first stage offering $MEMAG tokens at $0.007. Of the total token supply of 1 billion tokens, 35% is allocated to the presale. Only 10% of the capped supply is allocated to exchange liquidity – this offers investors more access to the tokens during the presale.
The primary focus of the Meta Masters Guild ecosystem is sustainability. This means that gamers will be kept engaged and have the chance to earn more reward tokens by playing the games for extended periods. All the MMG titles hosted on the platform will issue in-game rewards known as Gems. Players can then convert these Gems into $MEMAG tokens and cash them out into the best altcoins such as Ethereum or reinvest them into the ecosystem. It is important to note that players truly own all the in-game assets received as rewards.
Reinvesting options include using the tokens to purchase in-game items such as skins and characters, as well as staking tokens to earn rewards. Players can also use the tokens to participate in tournaments and other events, where they can earn more tokens as rewards.
All in all, Meta Masters Guild is an exciting new venture that is aiming to revolutionize the play-to-earn gaming industry. With the presale now open, investors have the chance to get in early and benefit from the growth of the ecosystem. Through the sustainable gaming platform, gamers will have the chance to have fun while earning reward tokens.