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Marsis: Creating New Frontiers in NFTs Space

Republished by Plato

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Blockchain technology, the underlying infrastructure enabling crypto transactions is constantly evolving. Form being a simple ledger recording all transactions, it has grown to create alternatives to the traditional financial industry. The latest developments in blockchain space currently revolve around NFTs – Non-Fungible Tokens and Decentralized Finance (DeFi). While these two are different applications of DLT with plenty of real-world usages, their paths have started to converge and soon they will turn inseparable.

While the symbiotic relationship between DeFi and NFTs is inevitable, Marsis is accelerating the pace by making it happen right now instead of later. Marsis is a pioneering, self-govern decentralized NFT asset valuation platform that brings the concept of DeFi to NFTs through efficient use of DAOs. In their current format, NFTs mostly serve as collectible items akin to in-game badges or the good old physical trading cards. More recently, NFTs are turning into digital representations of actual physical articles like paintings, luxury goods, and even other digital content on the blockchain. These characters also present the potential of NFTs to act as assets representing certain actual financial instruments which is a significant step forward for the DeFi industry.

Decoding the Real Value of NFTs

At present, the value of NFTs is decided by their rarity, exclusivity and sometimes the origin – if a well-known personality, artist, or a studio is involved, it may fetch huge amounts. In turn, many other assets without the necessary pedigree end up being undervalued, or worse remain undiscovered. Also, who is to decide what is the actual worth of a seemingly popular NFT?

As a completely decentralized NFT asset valuation platform, Marsis is creating a free and fair platform where the community comes together to evaluate the NFTs to decide their true worth. The mechanism ensures that all NFTs and its creators get a fair chance to get redeemed for their efforts in creating what could be the masterpiece in the NFT space. The evaluation process is handled by Marsis’ voting protocol which, along with various other functions are fuelled by the platform’s native SIS utility and governance token.

As people vote for NFTs on Marsis, they are rewarded for their contributions towards the ecosystem in SIS tokens. In addition, the Vote Staking feature enables the NFTs receiving community votes to act as consensus contributors and generate yields. The number of votes received by an NFT is directly proportional to its yield generation capabilities. In addition, these votes also enhance the value and visibility of the NFTs.

The Vote Staking in just one of the many DeFi features in the Marsis ecosystem. Other DeFi features include a more conventional DEX Staking pool and the Dividend pool. The DEX staking pool enables users to earn by providing liquidity on PancakeSwap where SIS is listed while the Dividend Pool generates rewards in the form of a percentage of commissions on all trades involving voted NFTs, which is issued to the voters. Put together, the platform presents three distinct revenue generation capabilities for its users in addition to other features like NFT Creation and marketplace, Cross Chain compatible non-fungible assets, Synthetic Asset Aggregator and NFT Fragmentation solution.

Promoting NFT Creation and Interaction

Marsis has something for everyone on the platform, whether they are just there to discover and vote or create, list and trade NFTs. The former is referred to as SpaceWalker by Marsis, while the latter are either called Residents or Guests depending on whether they create NFTs or just trade them. Irrespective of their roles, each user on the platform gets to be part of one or the other campaigns that allow them to earn SIS.

Something New in NFT Space

Further enhancing the NFT ecosystem are three distinct features. The cross-chain compatibility feature will expand horizons for Marsis Ecosystem by allowing it to list, promote and support NFTS on various blockchains like BSC, ETH and HECO. Meanwhile, the Synthetic Asset Aggregators enable the creation of synthetic NFTs based on various financial instruments for investment and trading purposes.

In addition, the NFT fragmentation feature reduces the barrier to enter the NFT market by facilitating smaller investments to secure a portion of an NFT asset.

All these things included, Marsis is redefining the NFT industry by making the crypto assets easily accessible while expanding its applications to different verticals. In their eyes, NFTs are more than just collectibles and they have set out to prove it.

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://www.newsbtc.com/news/company/marsis-creating-new-frontiers-in-nfts-space/

Blockchain

Bitcoin Death Cross 2021 Is Here: The Reasons Why You Shouldn’t Be Worried

Republished by Plato

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The Q4 2019 and Q1 2020 crashes were both preceded by a death cross and signified that the tides in the market are about to shift in a big way.

Why Does a Death Cross Work?

The death cross indicator has been reliable in both the stock and crypto markets – it predicted 4 major crypto crashes, as well as the 1974 and 2008 stock market collapses. When a bull market ends, short-term momentum (indicated by the 50-day moving average line, or 50MA) starts to slow down.

The Death Cross describes a cross between the MA-50 and MA-200, whereas the shorter one, the 50-day, crosses below the 200-day.

btusd-jun19
BTC/USD death cross of June 2021. Source: TradingView

Long-term moving averages are able to provide a robust trend – a line of best fit, so to speak, creating an idea of baseline demand. In bullish markets, momentum moves higher with time, so on shorter time frames like the 50MA, the market tends to overshoot the long-term mean.


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Short-term moving averages falling below long-term ones (especially on high volume) indicate that demand & interest is drying up, and is often followed by a huge drop or a prolonged bear market.

The Death Cross’s Reliability in Crypto

Being far younger than traditional markets, the cryptocurrency market is not always privy to the same rules. We’ve seen time and time again that the death cross often deals a hard blow to individual stocks and broad-based indices. Indeed, for the most part, similar trends have been observed in the Bitcoin market.

However, the death cross indicator isn’t foolproof. 2015’s mid-year Bitcoin death cross, although on much lower volume, was actually followed up by a massive bullish run.

Death crosses in later years have been more reliably followed up by bearish price action partially due to more accurate price discovery on higher volume. It’s a great indicator that should definitely be taken seriously, but it’s never a lock, as per the above figures, that show the ROI from a death cross until a Golden cross took place, which is the opposite – when the MA-50 line crosses above the MA-200 line.

This might be a function of Bitcoin’s youth, but a death cross has invariably been followed up by massive price action one way or another, so it’s worth gearing up anyway.

Other than pure technical analysis, there are several interesting fundamental factors at play that might push against the death cross’s bearish tilt: El Salvador’s adoption of Bitcoin, Taproot’s signaling completion, miners’ transition into Texas’s world of renewable energy, and more have the possibility of mitigating (or negating) what the death cross has in store for BTC’s price over the end of June.

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Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://cryptopotato.com/bitcoin-death-cross-2021-is-here-the-reasons-why-you-shouldnt-be-worried/

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Blockchain

How Many Bitcoin U-Turns? Goldman Sachs Now Says Bitcoin Is Not a Viable Investment

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The US multinational investment bank Goldman Sachs continues with its 180-turns on the cryptocurrency industry. After its recent interest that included filing for a Bitcoin ETF and exploring crypto as an asset class, the institutions’ latest report said virtual currencies are not a “viable investment.”

Crypto Is Not a Viable Investment: Goldman

It’s safe to say that Goldman Sachs has displayed a controversial approach to the cryptocurrency space. The latest report coming from the Wall Street giant takes it back a notch by going to its hostile policy from previous years.

Titled “Digital Assets: Beauty Is Not in the Eye of the Beholder,” it touched upon some of the most recent concerns, including high energy consumption required in the process of mining. This topic was raised in May by Tesla’s Elon Musk, who criticized BTC for using too much coal fuel.

Despite numerous reports claiming otherwise, Tesla disabled bitcoin payments citing environmental issues.

The paper also touched upon cryptocurrencies’ usage in ransomware attacks after numerous hacks transpired on US soil in recent months. After each, the perpetrators indeed requested the payments to be sent in bitcoin.


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Furthermore, the document named impending regulations as the “biggest risk to the speculative aspects of this ecosystem.” Keeping in mind all of these concerns, the bank concluded:

“After analyzing various valuation methodologies and applying our multi-factor strategic asset allocation model, we have concluded that cryptocurrencies are no a viable investment for our clients’ diversified portfolios.”

How Many U-Turns?

The mentioned-above word ‘controversial’ might not be strong enough to describe Goldman’s ever-changing views on the industry.

The institution was among the first regulated entity to launch a crypto trading desk all the way back in 2017. Yet, that came amid the parabolic price increases, and when the year-long bear market followed, Goldman halted the initiative.

In the meantime, Goldman held a conference call in which it said bitcoin is not an asset class. Bank executives repeatedly questioned BTC’s ability to serve as a reliable store of value and blasted its volatility.

Yet again, Goldman restarted the trading desk this year when, once again, prices were skyrocketing to new highs. It also filed for a Bitcoin ETF with the SEC, explored launching custody services, added BTC to its year-to-date returns report, participated in investment rounds in crypto projects, and enabled clients to trade bitcoin derivatives.

With all of that in mind, it’s not such a surprise that Alex Kruger and other crypto community members viewed Goldman’s latest U-turn as nothing out of the ordinary.

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Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://cryptopotato.com/how-many-bitcoin-u-turns-goldman-sachs-now-says-bitcoin-is-not-a-viable-investment/

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Blockchain

Are Solana, KAVA, Maker, Polkadot good bets in this timeframe?

Republished by Plato

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One of the market’s top institutional investors, Grayscale, has updated its list of investments in cryptocurrencies, adding 13 new altcoins to its portfolio. From Solana [SOL] to Polygon [MATIC] and KAVA, Grayscale’s new investments have introduced an inflow to several altcoins that have rallied since the beginning of 2021. Though their addition to Grayscale’s portfolio has turned the market sentiment bullish, there are other factors driving their price rally too.

In the case of SOL, the rapidly growing ecosystem of projects makes traders bullish in the long term. SOL’s price has risen as high as $38 while trade volume dropped by nearly 40% in 24 hours. A drop in trade volume could be interpreted as an accumulation and the beginning of a price rally.

To get started with DeFi and NFT ecosystems and projects, more traders are signing up for SOL and there has been a consistent increase in the number of active traders. Additionally, several oracle networks like Switchboard are bringing feeds to the Solana Mainnet. This has increased the popularity of Solana, making it mainstream and increasing the demand across exchanges.

Source: CoinMarketCap

Similarly, in the case of KAVA, MKR, and DOT, the social volume seems to be signaling an upcoming price rally. KAVA’s top features make it rewarding for traders to accumulate since the network fees are optional and rewards are relatively high, with the same recently hitting an ATH too.

What’s more, KAVA has emerged as one of the most rewarding DeFi projects since the beginning of 2021, with the same seeing a hike in trade volume and market capitalization. The said hike is also indicative of increasing demand across spot exchanges.

Grayscale is known for exploring new potential products and this may have driven them to consider the trending altcoins of 2021. However, considering these altcoins, in particular, signals the potential for relatively high short-term ROIs. Since the beginning of 2021, the market capitalization of these altcoins has increased consistently.

In the past week itself, the market capitalization has increased by over 20% for altcoins like DOT, MKR, and KAVA. MKR has emerged as a top volume gainer several times over the past two weeks and this makes it further lucrative for altcoin traders to buy MKR for relatively high short-term ROIs. MKR, KAVA, DOT, and SOL are likely to rally based on these metrics.


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Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://ambcrypto.com/are-solana-kava-maker-polkadot-good-bets-in-this-timeframe

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