Visit us at https://is.gd/42O8Hk
Tag: send
Visit us at https://is.gd/AUDJAI
Visit us at https://is.gd/l9V6N6
Real-world partnerships and integrations into thriving industries are some of the best forms of validation for blockchain projects that are seeking long-term sustainability and widespread adoption. They also have the ability to spark rallies that trigger long-term price appreciation as brand awareness spreads.
Since February enterprise-level adoption and a wide array of use cases have worked in favor of VeChain (VET), a blockchain-powered supply chain platform that seeks to use distributed governance and Internet of Things (IoT) technology to optimize supply chain management systems.
Data from Cointelegraph Markets and TradingView shows that the price of VET has increased more than 400% over the past two months, climbing from a low of $0.0263 on Feb. 8 to a new record high at $0.1344 on April 9
Major collaborations ignite VeChain price
A scroll through the project’s Twitter feed shows that VET’s price growth in 2021 has largely been stimulated by the adoption of its supply chain tracking technology. On April 8 the team announced a collaboration with the software company Salesforce.
We’re pleased to have worked with Daniel Nortje, Director of Strategy & Architecture at @Salesforce.
Daniel has chosen VeChain as the blockchain of choice in a sample enterprise adoption case & successfully connected #VeChain ToolChain with Salesforce!https://t.co/YtZIG6Lx7B
— VeChain Foundation (@vechainofficial) April 8, 2021
VeChain’s technology has also been utilized on several projects that are managed by its partner DNV. DNV uses VeChain’s blockchain solution to manage the data from projects with the Danish company ReSea and the Norwegian industrial company Hydro.
The increase in VET price and adoption since the beginning of February has also led to a 1,000% increase in the price of VeThor Token (VTHO), which is used to pay for transactions and smart contract interactions on the network.
An early March NFT-related collaboration with VIMworld also helped bring extra attention to VET and VTHO and was followed by a steady increase in price.
The positive benefits of these partnerships were reflected in data from Cointelegraph Markets Pro, which shows that the market conditions for VET have been favorable for some time.
The VORTECS™ Score, exclusive to Cointelegraph, is an algorithmic comparison of historic and current market conditions derived from a combination of data points including market sentiment, trading volume, recent price movements and Twitter activity.
As seen in the chart above, the VORTECS™ Score for VET turned bullish and reached a high of 73 on April 3, about two days before a smaller price spike on April 5. Following this move, the VORTECS™ Score increased to a high of 87 and remained in the green zone over the next three days as VET price gaine 35%.
Now that institutional investors now taking a serious interest in the crypto sector and the ways that blockchain technology can be integrated into various sectors, VeChain’s real-world use cases and growing list of enterprise-level partners indicate that there is potential for further upside.
The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.
Image Credit: Refer to Source
Author: Refer to Source Cointelegraph By Jordan Finneseth
In previous bull markets, one of the most consistent price movers for cryptocurrency projects was being listed on Coinbase, a phenomenon that became known as the ‘Coinbase effect’.
The recent announcement that Polygon (MATIC), SKALE (SKL) and SushiSwap (SUSHI) would be added to the exchange and begin trading on March 11 has proven that the Coinbase effect remains potent as the tokens witnessed record trading volume and double-digit price movements since the listing took place.
Data from Cointelegraph Markets and TradingView shows that SKL has been the biggest beneficiary of the Coinbase effect, increasing more than 200% since the announcement on March 9, while MATIC has grown by 88% and SUSHI has gained a modest 7%.
SKL/USDT
SKALE describes itself as an ‘elastic network’ that is designed to bring scalability to the Ethereum (ETH) network by boosting transaction capacity and reducing latency as a way to ensure payments can be conducted as inexpensively as possible.
According to the project’s website, Solidity smart contracts can run “thousands of times faster at a fraction of the mainnet cost” and the platform is well-suited for gaming and content streaming services that get bogged down by congestion on the main Ethereum network.
Congestion and high transaction costs on Ethereum have once again emerged as a significant issue in the cryptocurrency community over the past two months as the lure of decentralized finance and non-fungible tokens have led to significant increases in network activity and gas fees.
MATIC/USDT
Polygon (MATIC) has been on a roll so far in 2021, with the Coinbase listing being the most recent event that has boosted the altcoin’s price.
Previous significant developments include the rebranding from Matic to Polygon, which was done as the project pivoted toward becoming the “Polkadot of the Ethereum network,” by focusing on bringing interoperability with separate blockchain networks to the Ethereum ecosystem.
Since the rebranding, multiple projects have integrated with or migrated to the layer 2 solution which offers significantly reduced transaction costs and faster confirmation times.
The price of MATIC has increased by 150% since the Coinbase listing announcement and on March 12 the altcoin saw a record $2.6 billion in 24-hour trading volume.
VORTECS™ data from Cointelegraph Markets Pro began to detect a bullish outlook for MATIC on March 6, prior to the recent price rise.
The VORTECS™ score, exclusive to Cointelegraph, is an algorithmic comparison of historic and current market conditions derived from a combination of data points including market sentiment, trading volume, recent price movements and Twitter activity.
As seen in the chart above, VORTECS™ score registered a high of 81 on March 6, three days prior to the announcement of the Coinbase listing. After pulling back to a low of 48 on March 8, the VORTECS™ score then increased to a high of 89, roughly two days before the price rally to a new all-time high.
SUSHI/USDT
SushiSwap (SUSHI) was the third coin listed on Coinbase this week and it received a more subdued response even though SushiSwap is one of the top decentralized exchanges and it currently has $4.21 billion locked in its protocol.
Decentralized finance has been one of the hottest topics in the cryptocurrency sector since December 2020, but has seen a noticeable pullback in activity over recent weeks as nonfungible tokens have stepped into the limelight.
SUSHI had previously seen its price grow 675% in 2021, from a low of $2.69 on Jan. 1 to an all-time high of $20.57 on March 2, so it’s not completely unexpected that its price had a more muted response to the announcement of a Coinbase listing.
One notable correlation between the three projects discussed has to do with offering solutions to the current issues plaguing the Ethereum network.
While the Coinbase effect might have helped jumpstart the recent price gains for each project, the larger needs of the cryptocurrency community and the solutions offered by these protocols have MATIC, SKL and SUSHI well positioned to see further upside as active participation in the cryptocurrency ecosystem continues to increase.
The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.
Image Credit: Refer to Source
Author: Refer to Source Cointelegraph By Jordan Finneseth
With Elon Musk gone quiet in the past two days, it seems like Mark Cuban is filling the void with some significant DOGE talk on Twitter. The entrepreneur who owns Dallas Mavericks has recently been warming up to the popular crypto, and recently stated that it has the potential to surge further. According to his latest tweet, Cuban predicted that the meme token will “definitely” hit $1 soon.
The reason for Cuban’s enthusiasm is due to a surge, to say the least, in DOGE transactions on his NBA team’s merchant site.
Cuban recently decided to allow users to pay Dogecoin to buy game tickets and merchandise, through a partnership with BitPay. At the time, his decision sounded like a marketing strategy. Speaking to DealBook, Cuban admitted that he decided to accept payments in DOGE “because we can, and that sometimes in business you have to do things that are fun.”
In his latest tweet, Cuban claimed that Dallas Mavericks had “done more than 20,000 Dogecoin in transactions” which made them “the largest Dogecoin merchant in the world.” After thanking the crypto-basketball consumers, Cuban said:
If we sell another 6,556,000,000 #DOGECOIN worth of Mavs merch, Dogecoin will DEFINITELY HIT $1 !”
However, the tweet quickly set off a chain of trolls from the likes of Nic Carter and others who did the math. Given the meme coin’s recent price, the sales that Cuban mentioned would amount to about $800 to $1000.
One Twitter user couldn’t believe the surge that Cuban predicted and said:
Wait….are you saying $1000 USD is all you have sold via #doge @mcuban ? If so this message is satire af, and you’re saying you need to sell $327,800,000 million USD to get it to a dollar. Starting to think people dumb af. pic.twitter.com/U4oKyaGIhs
— PopulationPaste (@leastImAlive) March 6, 2021
Meanwhile, others wondered when exactly Cuban changed his idea of DOGE being ‘just for fun’ to a confident prediction of a 1,900% surge from its current price.
However, Mark Cuban replied that he was still having fun and never changed his stance on the token. This statement may imply that he is not serious about the token, in all probability, but the tweet managed to leave much room for speculation, typical of what follows after Elon Musk shills DOGE through his cryptic tweets.
At press time, Dogecoin was trading at $0.05 and has been down by 1.9% in the past 24 hours.
Sign Up For Our Newsletter
Let’s block ads! (Why?)
- It has been on a wild ride the past few weeks, with buyers being in full control of its price action as it continues rising on a nearly daily basis
- Where it trends in the mid-term will undoubtedly depend on whether or not it can continue printing higher lows each week
- Some analysts do believe that a correction is imminent, although it remains unclear as to whether or not this will be enough to invalidate its uptrend
- One trader explained that the next bullish impulse higher could lead to a move up towards $40,000 or higher
- This would mark a parabolic rise from where it is currently trading at, but the price discovery mode that BTC is currently entering does open up the gates for a move like this to occur
Bitcoin has been rocketing higher as the rest of the crypto market stagnates. It is in the process of breaking above $26,000, with this marking a massive rise from its daily lows of $24,000 that were set roughly 24 hours ago.
The cryptocurrency’s parabolic growth as of late is showing few signs of slowing down, with each dip being rapidly absorbed and sellers being wholly unable to gain control over its price action.
One trader is optimistic that a move higher is imminent, noting that there’s a strong possibility that it sees an impulse rally towards $40,000 in the near-term.
Bitcoin Explodes Higher as Bulls Gain Traction
At the time of writing, Bitcoin is trading up just under 5% at its current price of $25,800. This is around the price at which it has been trading at throughout the past few days.
The selling pressure seen in the upper-$25,000 region has slightly slowed its ascent, but bulls appear to be keen on breaking this level.
A firm break above $26,000 could open the gates for a parabolic movement towards $30,000 – which may be its first key resistance level.
Analyst Claims Next BTC Impulse Could Lead to $40,000
While sharing his thoughts on the current price action, one analyst explained that he is watching for Bitcoin to see a move up towards $40,000 if it forms a temporary top around its current price levels.
“Bitcoin breaking upwards even more as it’s approaching my second Fibonacci point of interest around $25,800. The higher we go, the higher the next impulse move will bring us. If $25,800 is this temporary top, next impulse could bring $BTC towards $40,000+.”
Image Courtesy of Michaël van de Poppe. Source: BTCUSD on TradingView.
The coming few days should shed some light on whether or not this possible path forward will actually come to fruition for Bitcoin.
Featured image from Unsplash. Charts from TradingView.
Image Credit: Refer to Source
Author: Refer to Source Cole Petersen
The year was 2009 and the dollar had just recovered from The Great Recession. Bitcoin was born and grew up while the dollar regained its throne. After ten years of strengthening, the pandemic and associated monetary response to sustain the economy, caused the almighty dollar to weaken again.
And according to the Dollar Currency Index losing a decade long trendline, this weakness could allow Bitcoin to gain ground against USD like never before.
The Birth Of Bitcoin And The Delayed Death Of The Dollar
Bitcoin’s very design and existence are in direct opposition to the dollar. Over the last one hundred years or so, the United States Dollar has dominated the globe as the reserve currency asset.
And while The Great Recession and the resulting money-printing bank bailouts first hurt the dollar, a more than ten-year recovery prevented any economic collapse.
But because printing more money only delays the inevitable, a brilliant and selfless individual by the pseudonym Satoshi Nakamoto sought to break the cycle and created the first-ever cryptocurrency: Bitcoin.
Related Reading | Bitcoin Rally Isn’t Just Institutional Driven, Emerging Markets Are Voting For Revolution
The fiat money supply is ever-expanding, with 20% of US dollars printing in 2020 alone, while there will only ever be 21 million BTC. Rather than being an inflationary asset that loses value over time as its total capitalization expands, Bitcoin is deflationary.
And because it is decentralized, governments cannot control it or manipulate it to create more BTC, and with it more problems.
The dollar is losing a decade long trendline starting around when Bitcoin was just a baby | Source: DXY on TradingView.com
The Great Recession Recovery Trendline Breaks Down: What It Could Mean For Crypto
The ten-year trend line that supported the dollar all while Bitcoin learned to walk, and eventually run, is breaking down on monthly timeframes for the first time since the cryptocurrency was first created.
The last major breakdown of the dollar took place at the dollar’s peak in late 2016, but the trendline remained untested then. The steep fall in the DXY Dollar Currency Index mimics the trajectory of Bitcoin’s rise but in inverse.
As the dollar dove, the cryptocurrency climbed. No assets move up or down in a straight line, and the dollar began to bounce just as the crypto market topped in late 2017 and early 2018.
Related Reading | Bitcoin Indicator Reaches Historical Extreme: Price Sheds Two Thirds Upon Reversal
Consolidation in the dollar for three more years has begun to break down and it has lost the trendline, just as Bitcoin revisits the peak set at the last bounce.
The leading cryptocurrency by market cap is now back at $20,000, and according to the DXY Dollar Currency Index, the ten-year trendline breaking down, and a massive decade long head and shoulders topping pattern potentially confirming with a breach of the trendline, another 2017-like rally is almost a given at this point.
Not only is the dollar falling, but a new bull market is starting in Bitcoin. And while there is no denying the two things are correlated, where Bitcoin is now and then is a very different level in terms of price and adoption, making it likely that the cryptocurrency skyrockets as the dollar sells off to new lows.
Featured image from Deposit Photos, Charts from TradingView.com
Image Credit: Refer to Source
Author: Refer to Source Tony Spilotro
NEW CHANNEL:
https://www.youtube.com/channel/UCH9H…
I also play video games!
https://www.youtube.com/channel/UCvXj…
——————————————
Rich Dad Poor Dad:
https://amzn.to/3cKJ4Ia
Computer I Use To Record:
https://amzn.to/2V2F3bn
Headphones I Use:
https://amzn.to/3ccAUrf
Chair I use:
https://amzn.to/2XpUmg5
My Desk:
https://amzn.to/3ei7mtZ
I love this Mic:
https://amzn.to/2yUElV9
—————————————————————————-
Support Me On Patreon!
https://www.patreon.com/TheModernInve…
—————————————————————————-
Protect And Store Your Crypto With A Ledger Nano:
https://www.ledger.com?r=8af3ed38d3b7
—————————————————————————–
Want To Send Me A Tip?
Bitcoin Donations Address:
1BYhrLpntMYW97sd8K6fquTcr5MYwPAe2y
Ripple (XRP) Donation Address:
rsoKR5VHJx84oMTYbS7tWg7g5aFebYirVi
Ethereum:
0x0e5f5CEFaA9A0713AB6D8F79E6679E22d86C21f6
—————————————————————————–
Open An Account With Binance!
https://www.binance.com/?ref=22170588
——————————————————————————–
Follow Me On Facebook !
https://www.facebook.com/TheModernInv…
https://www.youtube.com/channel/UC-5H…
Follow Me On Twitter:
———————————————————————————-
Very Special Thanks To My Patreon Supporters:
Professor Wally From Gunbot University
Ray Runowski
PoolingETH . com
William A Swier
Gary Opalka
Michelle URL
Marvin Calderon
Norman Waterman
Holdon Ihave2sneeze
Digital Asset News
Liam O’Cashidey
Cory Stevens
RTC 2021
Forex Lens Inc
Auspicious Agile & Blockchain
Yet Another Nick
Bitsource AML Solutions
Chris Charles
Roman Geber
David Chosrova
Stuart Niven
Larry Gooch
Tyler Winklevoss
NBKrypto
Steven Harper
Ulf Fatman Josefsson
Mohammad Tabbaa
Brian Vaci
Jeffrey
Pete Mozar
Cryptocurrency Logic
Jonathan Robert Kraus
Josh Gorcyca
K9 Ytrup
Crypto Jedi Truls Lee 3000
O. Tom Chhuong
Kaneko Tomonori
Sir Thomas11_11
Mike McCarty
Crypto And Beer Shipmate
ZEN Lunacy
VV
Nicola Kenny
Mr. Smith
Joey The Happy Farmer
Damien Walker
——————————
TALLINN, Estonia, Oct. 12, 2020 (GLOBE NEWSWIRE) — CoinField and Towo labs have partnered up to launch PayMe+ app. A free app to make receiving of crypto and fiat payments more accessible than ever. PayMe+ is built on PayID technology, the universal ID for payments that uses a simple, open standard to help people easily send and receive money using a single, secure payment ID. It works like email for payments, across any payment network and currency.
With PayMe+ users can now register their PayID, create multiple PayMe+ addresses, attach custom labels to them, and connect a wide range of payment networks. Users can link cryptocurrency blockchains such as Bitcoin, Ethereum, or XRP, and traditional payment networks such as SEPA, PayPal, and Venmo.
“PayID has great potential as a technology protocol. On the other hand, there is still no easy way for a user to register their PayID and benefit from a universal payment identifier. This is why we’re excited to launch the PayMe+ app, the first app on the market that allows anyone to register PayID identifiers in a matter of seconds!” – Dmitri Litvinovich, Chief Product Officer at CoinField.
Users can share their PayMe+ address to receive payment on any of their linked networks. It means users no longer have to share separate wallet addresses for each network.
Designed for any individual or business that receives money, PayID removes the headache of using long and complicated wallet addresses and multiple payment apps. With one simple universal ID for all payment networks, users can receive money effortlessly.
“PayMe+ is another step forward in achieving a truly open payments network and creating real interoperability in payments. We are excited to see the PayMe+ app launch to bring PayID to more consumers and further our collective goal of establishing one single standard for sending and receiving money,” said Michael Zochowski, Director of Product Management at Ripple.
The PayMe+ app is available for free on both the App Store and on Google Play. Creating a PayMe+ address is also free.
Users can learn more about PayMe+ and download the app at www.payme.plus.
About CoinField:
CoinField is a regulated European based fiat-to-crypto exchange supervised by the Financial Intelligence Unit (FIU) under the license numbers FVT000111.
CONTACT: Press & Media Inquiries Darren Amner press@coinfield.com
WWW.BLOCKCAST.CC 