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Crypto Strategist Unveils His Top Altcoin Picks for the Year

The host of the Coin Bureau channel on YouTube has revealed his top five altcoins picks for this year in a video published for his 225,000 subscribers, and noted he expects a smaller number of altcoins to benefit from the bull market. In the video, first spotted by Daily Hodl, the pseudonymous analyst noted that […]

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The host of the Coin Bureau channel on YouTube has revealed his top five altcoins picks for this year in a video published for his 225,000 subscribers, and noted he expects a smaller number of altcoins to benefit from the bull market.

In the video, first spotted by Daily Hodl, the pseudonymous analyst noted that those who have followed the cryptocurrency space know altcoins usually pump after the price of BTC surges in what’s called the altseason, but warned that as the markets grow more sophisticated, “it’s unlikely that this rising tide will lift all boats.”

He then outlined his top altcoin picks for the year. In first place came privacy-centric coin Monero (XMR) which the analyst claims enforcement agencies have tried to decode to no avail, and pointed out its trading volume tops that of all other privacy coins.

The developers working on XMR, he added, help the cryptocurrency’s security and privacy, ensuring those who use it can remain anonymous. Exchanges have, however, been facing regulatory pressure to delist these currencies.

Crypto exchange Bittrex has earlier this year revealed it was delisting XMR, ZEC, and DASH. While the exchange did not specify why it was delisting the tokens, it’s widely assumed the move was a bid to comply with increasingly strict regulations.

The second pick was Algorand (ALGO), which the analyst pointed out aims t develop a scalable, secure, and decentralized blockchain, and has a higher transaction throughput than the Ethereum network.

Recently, Centre’s USDC stablecoin was launched on Algorand, and to the analyst, this means demand for ALGO will increase, as transaction fees are paid in the cryptoasset.

This means USDC users will be able to send the stablecoin on the Algorand Network cheaper and faster that would be done on Ethereum, for example.

He pointed out that Visa has recently partnered with Circle, one of the firms behind USDC, connecting its network of 60 million merchants to the stablecoin. When Circle graduates from Visa’s Fast Track program, a credit card letting businesses send and receive USDC may be launched.

His third pick was Theta, a decentralized streaming and content delivery network that per his words competes with YouTube and Twitch, which have millions of users. The firm, he said, has been growing from just streaming eSports to add poker, crypto events, and more to its portfolio.

In fourth came the Injective Protocol (I_NJ), a decentralized derivatives exchange built on top of the Cosmos network. He said:

They are trying to create a paradigm shift in the DEX space. Quite simply, it will allow users to trade spot, swaps, and futures in a completely permissionless way.

The analyst added the exchange will also structure a derivatives market for “anything that has a price.”

In fifth place came BarnBridge (BOND), which according to the YouTuber seeks to tokenize risk by pooling funds and allocating them to different decentralized protocols. He added:

Then once the funds have been pulled, they will tranche the yield such that it can be tokenized individually. This, therefore means that DeFi investors are able to invest in different risk tranches based on their yield and risk tolerance.

With the DeFi space seeing its total value locked growing, he concluded, BarnBridge is well-positioned to gain more users.

Featured image via Pixabay.

The views and opinions expressed here do not reflect that of CryptoGlobe.com and do not constitute financial advice. Always do your own research.

Source: https://www.cryptoglobe.com/latest/2021/01/crypto-strategist-unveils-his-top-altcoin-picks-for-the-year/

Blockchain

Bitcoin Halving: Definitive Guide (In Just 5 Minutes)

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Bitcoin halving is often referred to as “Halvening”, it’s a formulated reduction in the reward coins offered to the miners using a predefined blockchain algorithm.

Bitcoin halvings take place once in every four – 4 years approximately, or for every 210,000 block transactions.

The process of halvening started in the year 2012, approximately after 4 years of the invention of bitcoin i.e 2008, but practically bitcoins came into play in the year 2009.

After the first bitcoin halving, the block reward of 50 bitcoins per transaction were reduced to 25 bitcoins per block or transaction, later this reward was further reduced to 12.5 and it has now fallen to 6.25 after halvening in 2020.

The main idea of halvening is to create scarcity for the coins and to control inflation, as bitcoins issuance is limited to 21 million coins as per the idea of Satoshi Nakamoto, inventor of Bitcoin.

The production of 21 million bitcoins involves 32 halvenings, we are now done with two halvenings and this might continue till or come to an end in the year 2140.

Investors from all over the world are excited and waiting for the Bitcoin price to increase, and the demand for bitcoins in the online gambling industry is high. Bitcoins are widely accepted at Bitcoin Casinos as they collect deposits in the form of cryptocurrency from their players.

To know the overview of Bitcoin Halving (Just in minutes), check out the following infographic developed by Abishai James at WinBTC.net in partnership with ACMarket.

bitcoin halving
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Santiment Reveals Top 10 Ethereum Projects by Developer Activity

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Despite record highs for network charges in February, development on some of the industry’s leading Ethereum based projects has continued unabated.

The research stated that development activity is an often-underrated indicator of project success. It demonstrates the ongoing commitment to creating a working product, continuously polishing and upgrading its features, and staying true to the long-term roadmap.

The research focused solely on pure ERC-20 projects that are currently committed to developing on Ethereum. It has used 30-day Github activity to track development status and action.

The Ethereum Project Top Ten

At the top of the list for developer activity in February is the decentralized prediction market platform Gnosis. Despite a 28% slide in GNO token prices for the second half of the month, the Gnosis team has been busy working on the product.

Gnosis launched on the xDai Ethereum sidechain, joined the Open DeFi alliance, and launched a new collaborative grants initiative for Gnosis Safe Apps last month.

Status was the second most developed Ethereum based project with a number of updates for the open source mobile dApp browser and messenger. SNT prices hit a three-year high of $0.125 in February.

Virtual metaverse and NFT protocol Decentraland was third in the list of developer activity with a number of features introduced to improve user experiences.

DeFi synthetic asset protocol UMA came in fourth with two main focuses for the month; getting some major protocols out the door, and there was a collaboration with BadgerDAO.

Coming in at number five for developer action was Chainlink which announced the official mainnet launch of Off-Chain Reporting (OCR). This significantly improves the efficiency of how data is computed across Chainlink oracles, reducing operating costs by up to 90%, it added.

“The most immediate benefit to DeFi and its users will be a 10x increase in the amount of real-world data that can be made available to smart contract applications.”

DeFi Dominates

These were the five most developed platforms in the Ethereum ecosystem for February 2021, and they were dominated by DeFi.

Also featuring in the top ten list was Skale Network, a decentralized modular cloud for running Ethereum-based dApps. MakerDAO, which is consistently in the top ten for development, was in seventh place.

Decentralized data exchange protocol Ocean, computing sharing economy Golem, and analytics platform Santiment itself rounded out the top ten.

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Source: https://cryptopotato.com/santiment-reveals-top-10-ethereum-projects-by-developer-activity/

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Blockchain in Sports Betting

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Wanna enter the Sports betting industry? Are you worried about the transactional data, security and entry charges?

Just relax and lean on to your chair. The amazing features of blockchain technology have reshaped the sports betting industry. It enhances safe and secure transactions as it is an open source decentralized network.

Basically, blockchain offers tremendous features like transparency, fast payouts, speedy transactions, independent in nature, etc. The most effective feature is the player’s account will not be restricted or blocked either personally or professionally  due to extreme winnings.

Blockchain is the most prominent technology ruling today’s betting industry. It’s advancement in the sports industry has laid a pavement for its enormous growth in recent times.

To get detailed information, checkout the following Infographic developed by WinBTC.net in Partnership with MrBet.me.uk.

Blockchain In Sports Betting Infographic
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