dYdX is a decentralized protocol for cryptocurrency derivatives - cyptoranking.com

2024-05-04

Popular crypto exchanges(2023 Update) 2024-05-04
Image: cyptoranking.com

When one is planning to buy MATIC, they would like to know about the advantages and the disadvantages of MATIC. How do Non Fungible Tokens (NFTs) Work? dYdX is a decentralized protocol for cryptocurrency derivativesDan Odell, Improbable CFO Read more: Can crypto credit cards and self-custody mix?

Exchange Rankings Crypto
Image: cyptoranking.com

CPU bitcoin mining Pricing and Scale Economies What was the first crypto exchange in the US?Experience Torque Drift 2’s Thrill With Its New Trailer Read More: Crypto Portfolio Management: A Beginner’s Guide

Meanwhile, the entirety of stolen funds have been on the move in the past week, deepening one of the ongoing mysteries around the exchange's collapse last year.Environmental Groups Need to Dig Deeper Into AI Energy Use, Researcher Says Uphold’s October XRP Sweepstakes Risks to consumers posed by virtual currenciesIoTeX’s indoor security camera, Ucam, will be the first physical proof of concept for this collaboration. Ucam users will not need to expose their private home information to manufacturers. The idea that crypto can become a mainstay social force without old money is quaint. Like it or not, these financial behemoths run the world. If there is to be a new on-chain, decentralized internet financial system, then established paradigms of money management that are backed to the hilt by legislative structures have to be involved. It’s by taking advantage of crypto’s unique properties through these institutional structures that will allow crypto’s potential to truly flower.

Source: TradingViewThe Solana price has swung strongly today, reaching a 24-hour high of $20.48 before retreating in the past few hours to $19.59.This latest price represents a 2% drop in the past day, yet SOL is also up by 4% in a week, while being down by 6.5% in the last 30 days.But with the altcoin also having risen strongly since the beginning of the year (up by 96%), it maintains the kind of medium-term momentum that will help it recover quickly from today's volatility.Solana Price Prediction as Accumulation Continues at $20 Level – Can SOL Reach $1,000 in the Next Bull Run?SOL's indicators have moved into a position where it looks as though the altcoin is about to begin a concerted rally, one which is now probably overdue.Source: TradingViewIts relative strength index (purple) has risen to 50 in the past few days, indicating an increase of momentum that has plenty of space to continue before the altcoin will be overbought.In parallel, SOL's 30-day moving average (yellow) has flattened out after falling below its 200-day average (blue), signalling that buyers may be tempted to buy the coinnow that it's selling at a discount.And even with today's little dip, the coin's support level (green) has been rising recently, meaning that it's unlikely to fall below recent lows.As such, now is a good time to buy SOL, which is still selling at a discount but which has shown the first signs of renewed momentum.In terms of fundamentals, there has been no major news in the past few days, yet the overall picture remains largely positive for Solana.It continues to attract adoption, with a growing number of projects and platforms building on its blockchain network.This most notably includes Visa, which expanded its stablecoin settlement pilot in the past few weeks to include Solana, something which stands as a major vote of confidence in the network.It's also worth remembering that Solana is the fifth-biggest layer-one blockchain in terms of total value locked in, behind only Ethereum, Tron, BNB Chain and Avalanche.And it's likely that Solana will only move further up the TVL rankings, given that it has plenty of lost ground to make up for after its difficult 2022, when it suffered a series of damaging outages.Yet it continues to market months and months of unbroken uptime, a sign that its protocol has been updated sufficiently and that it's now robust against all potential scaling issues.As such, SOL can be expected to pass $20 again in the next few days, with the altcoin likely to hit $25 in the next few weeks and $35 by the end of the year.Alternative High-Return AltcoinsAs good as Solana looks right now, it isn't the only high-potential altcoin in the market, with a number of presale tokens also providing plenty of opportunity for market-beating gains in the near future.One of the fastest-growing presales right now is being held by Bitcoin BSC (BTCBSC), a BNB Chain-based cryptocurrency that has impressively raised more than $4 million since opening its sale only a few weeks ago.As its name suggests, Bitcoin BSC offers a BNB-based version of Bitcoin, with the coin having the same hard cap (21 million BTCBSC) and the same deflationary tokenomics.Yet where it differs from the original cryptocurrency is that it offers holders the opportunity to earn a passive income from staking the token, in addition to any price rises.What has also helped Bitcoin BSC attract investors is that its presale is making it available at $0.99, a price Bitcoin itself last saw in 2011.As such, it's offering investors a chance to get involved in a potentially very valuable cryptocurrency at the very earliest stage.Its presale will make 6.125 million Bitcoin BSC available, with the rest being reserved for staking rewards.Given that there has been no specific allocation for team members, BTCBSC is therefore a highly decentralized token, something which again improves its attractiveness to investors.New buyers can buy the token early by visiting the official Bitcoin BSC website and connecting their software wallets.Once the presale ends, BTCBSC will list on BNB Smart Chain DEX, with other exchanges likely to follow suit soon after.Visit Bitcoin BSC NowDisclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.XRP Price Prediction as XRP Overtakes USDC and Becomes Top 5 Coin in the World – Can XRP Reach $100? Fan tokens proliferate Top 10 Best Fiat to Crypto Exchanges June 2023What’s novel is that it could, and all without requiring any changes to Bitcoin’s core software — no forks required. Bearish Traders Have Siezed Control in the Spot Markets

Have an opinion on this story? Share it!