Connect with us

Blockchain

Official Guide 2019: The Best Bitcoin Casinos & Sportsbooks | Best Sign On Bonuses, No Deposit Bonuses, Top Paying Affiliate Programs, Top Mobile Casinos & More!

Republished by Plato

Published

on

Table of Contents

The Official Guide to the Best Bitcoin Casinos & Sportsbooks of 2019

The top Bitcoin Casinos & Sports Betting Sites, the best Sign on Bonuses, No Deposit Bonuses, 150% Deposit Bonus Match, Free Spins & More. Plus: The Top Paying Affiliate Programs, Best Mobile Bitcoin Casinos & More! U.S. Residents approved, 100% Authentic Reviews

The Best Bitcoin Casinos of 2019
The Best Bitcoin Casinos of 2019

The Best Bitcoin Casinos of 2019

You can get up to 1 BTC in bonuses with your deposits using Cryptoclarified’s exclusive link!

You might not know it, but online casinos love players who use bitcoins. That’s why we cryptocurrency folks get bigger and better bonuses than players who play with old-school fiat currencies.

Players who deposit in Bitcoin or smaller cryptocurrencies get better bonuses because accepting credit card (deposits or even debit card or Neteller or Skrill) is a big, expensive hassle for casinos. Bitcoin deposits, on the other hand, cost next to nothing and are simple for everybody involved.

As a Bitcoin player, you can easily get deposit bonuses up to 1 bitcoin per deposit. These kinds of sums are amazing when you consider that typical fiat-money bonuses are much smaller. For example at BitStarz you get nearly 20x(!) bigger bonus with BTC than you would with fiat money.

These bonuses match your deposit with a certain percentage, which usually is 100%. So deposit 100 mBTC to get 1 mBTC bonus for example. The extra money might not be all you get, as some casinos sweeten the deal by handing you free spins on top of your deposit bonuses, like the good folks at FortuneJack.

So in short, you can expect to get a lot of free bonus money when you deposit with bitcoin. The only exception are betting sites, which sometimes offer free bets instead of deposit bonuses.

Read: Bitcoin Casinos- The Future Is Here

Top Bitcoin Casino Deposit Bonus 2019

What Types Of Casino Bonuses Are Offered? How Do They Work?

Welcome Bonus

Welcome Bonus

The one bonus almost every casino offers is a welcome bonus. This is a bonus given to new players when they first register with the casino. It is a great way for the casino to start off on the right foot with their patrons and for them to show their appreciation. It is also a good way for new players to test out games and see which ones they enjoy the most.

How do they work? First, log into your casino account. Then, while you are making your first Bitcoin deposit, you will be able to redeem a bonus code. After redeeming the code, you can collect the bonus and being to meet the wagering requirements so you can eventually withdraw.

Deposit Bonus

Deposit Bonus

Most online casinos offer a deposit bonus.

This is a type of bonus that players receive after depositing Bitcoin into the casino as a show of gratitude. For instance, if you make a deposit of $10, the casino might match that ten, essentially giving you $10 worth of bonus cash.

A deposit bonus will typically have a set percentage. If a casino offers 100% match bonus, they will match the whole value of the deposit. However, they will almost always have a cap. Other casinos may offer a 75% match bonus or a 50% match bonus, or even a %200 match bonus.

Bet and Get

Bitcoin Bonus

This is another promotion you will come across, especially in online casinos that offer online sports betting. If you make a $20 sporting or online bet, the casino might give you $10 to use at the casino’s other games.

However this type of bonus can get even more generous sometimes offering offers more in the play/spend $10 get $50 in bonus chips.

As customers, and regulators, get less and less keen on wagering requirements this type of bonus makes more sense and we expect to see more of them coming in over the next 6-12 months.

Free Spins

Free Spins

Free spin bonuses are a popular promotion geared toward slot games. A lot of times you will see the free spin bonus show up as part of a welcoming package.

For example, a casino might offer a welcome bonus when a new player signs up where they give a deposit bonus plus 100 free spins. Some casinos give a free spin bonus to players when they register for the website, even if they do not make a deposit.

Typically, free spins only work on slot games. Sometimes, the free spins also work on other games. The terms and conditions of the given promotion will tell you what games are included in the free spins.

Free Bonus

No Deposit Bonus

A free cash bonus is a chance to play without actually risking any of your money. A casino might offer $20 of free money to new members when they first register. Casinos will also give free bonuses to existing customers as a way to incentivize them and gain their loyalty. Free no deposit bonuses are attractive to players because they get the chance to win real money without having to put any of their own money on the line.

The free play bonus is another common bonus you will see. This bonus is similar to a free cash bonus, but the bonus is time-restricted. For example, a casino might provide the customer $50 of free play, but once the bonus is claimed, the customer might only have an hour to play with the free cash. Once the hour is up, you can exchange your winnings for a smaller percentage of real money. You will see this type of bonus both as a welcoming bonus and as a loyalty bonus.

Wagering Requirements & Casino Bonuses

All Bitcoin casino bonus offers and deals will have wagering requirements attached. It’s important you understand them before you get started…

What are they? Simply put a wagering requirement is a condition attached to any bonus which stipulates a number of bets (or wagers) you must place before you can withdraw your bonus/winnings.

So if the casino gives you $2,000 bonus and attaches a 35x wagering requirement, you would need to wager $70,000 before you can make a withdrawal of any winnings or bonus awarded.

Often times, a bonus will specify eligible games. If that is the case, you have to wager the money on those designated games for them to count toward the wagering requirement. If you forfeit the bonus, the initial bonus and any of the winnings that came from that bonus will be removed from your account. If there is a wagering criteria, you will have a set time period to meet the requirements of the terms and conditions or the bonus and winnings will automatically be forfeited.

Not all games contribute equally to the wagering requirement and this differs at different Bitcoin casinos. As an example: 100% of your wagers could contribute to the requirement when you play slot games and speciality games. The percentage might then be less for table games, video poker, blackjack roulette, and baccarat.

Certain games can even be excluded for wagering requirements so it’s important to familiarize yourself with the terms before you start playing. It is recommended to join one of the Provably Fair Bitcoin Casinos.

How Do Bitcoin Casino Bonuses Work?

Casino Bonuses

Bitcoin casino bonuses work like regular online casino bonuses. There is a slight difference if the bonus is a deposit bonus. When you deposit Bitcoin into the casino, the coins are translated into a fiat amount. The fiat amount is what shows as your bonus amount.

The Best Bitcoin Casino Bonuses of 2019

The Best Bitcoin Casino Bonuses 2019

The Best Bitcoin Casino Bonuses of 2019

BetChain

Bonuses:

150% Bonus Plus 200 Free Spins

Exclusive Cryptoclarified reader bonus: 150% deposit bonus match up to 1BTC on the first deposit + 200 Free Spins!

  • 1st: 150% up to 1 BTC + 200 Free Spins
  • Total: 2.5 BTC + 200 Free Spins
  • No deposit: 20 Free Spins
  • Total with High Roller bonus: 5.25 BTC
  • ETH, LTC, DOGE and BCH bonuses available

Join Now


Bitcoin-PR-Buzz-mBit-Casino-New-Design

mBit is different from other platforms represented here, as it offers sportsbooks alongside with casino products. Launched in 2014 by Direx N.V., mBit offers gambling with the help of Bitcoin, Litecoin, Dogecoin, Ethereum and Bitcoin Cash. It is licensed by Curacao, much like other platforms. You can register an account here without scanned ID to withdraw coins to your wallet.

Bonus

You have the largest bonus out of all four companies for your first ever deposit at mBit.

  • 200% up to 50 mBTC / 300 mBCH / 300 mETH / 3 LTC / 75,000 DOGE.
  • Second deposit, you have 50% for the same volume as first while third offers 25%
  • Accepts BTC, LTC, BCH, ETH, Doge

Join Now


fortunejack.jpg

Join Now


maxresdefault (1).jpg

The promotion section of the company offers bonuses for first and several other deposits made in fiat money and bitcoins.The service is similar to what others, like Fortune Jack, mBit,andBitcasino, offer. The following bonus program is currently available to you:

  • first deposit: 100% up to 1 BTC + 180 free spins
  • second deposit: 50% up to 1 BTC
  • third deposit: 50% up to 2 BTC
  • forth deposit: 100% up to 1 BTC
  • individual game bonuses: double more wins on Rookie
  • simple sign-up bonus: 20 free spins with no deposit required

Join Now


Best No Deposit Bonuses

shutterstock_153524129

Some Bitcoin casinos offer also bonuses, where you don’t have to deposit any Bitcoins to the site. This Bitcoin casino no deposit bonus is a good way of building your casino roll with no risk.

No deposit bonuses:

A Word To The Wise..Be Careful With New Platforms

With the growth of bitcoin network, so did the number of casinos turning out to be complete scams. Bonus promotions by new players in the market often seem to be “too good to be true”. Unfortunately, if you have that feeling when looking on new gambling platform, in most cases, you would be right. So, make sure to check out acouple of facts about the website before you decide to invest your funds:

  • gambling platform holds a license for its operations, issued by the governmental agency;
  • owners of the company are known to the general public, with clearly stated location of headquarters
  • proof of insurance of funds and/or cold storage of coins
  • customer reviews already available in the crypto communities.

Bitcoin Sports Betting

Why Bitcoin For Sports Betting?

The security and privacy advantages offered by Bitcoin make it the optimal option for sensitive financial transactions, such as funding your online sportsbook account. Find out why Bitcoin has become the most effective financial tool for sports bettors who conduct business online.

Sports Betting Sites & Online Casinos Go Mobile

Technology is always advancing, and now some of the Best Bitcoin Sportsbooks for U.S. Customers (and worldwide) have updated their sites to allow players to place bets directly from their phone or tablet.

Check out our list of the Top Mobile Bitcoin Casinos & Sportsbooks for 2019.

Now you can bet on your favorite team, play poker, blackjack, 3D Slots and win real money from the comfort of your home while on your phone. No longer do you have to walk over to your computer to place your bet.

Zero Third Party Oversight

Due to the restrictive nature of federal laws on sports betting, American sports bettors have few choices when it comes to legal sportsbooks. With very few options, America’s legions of sports betting enthusiasts must place their wagers through offshore online sportsbooks like 5Dimes, Pinnacle, or Bovada.

While these sportsbooks usually have no issue accepting deposits from U.S. Customers, most banks will attempts to fund online sportsbook accounts.That’s where Bitcoin comes in, as the virtual currency’s design and structure is perfectly suited to solve this dilemma. By using Bitcoin to conduct these transactions, you avoid the threat of third party oversight entirely, as the exchange involves you and the sportsbook alone.

Bitcoin’s Blockchain Means Little to No Transaction FeesEvery online sports bettor knows that you can almost always deposit to a site free of charge, but withdrawing your winnings usually incurs a hefty fee. That’s because collecting your winnings from an online sports bet typically involves paying off the middleman.

However, a lack of fees is an extension of the Bitcoin blockchain’s fundamental design. With no middlemen standing between the payer and the payee, blockchain transactions don’t cost anything at all. Most Bitcoin transactions average a “fee” of just $0.04.

Funds Get There Faster

Continuing the benefits of cashing out via Bitcoin, bettors will be pleased to note that transactions typically take just minutes to complete.

Bitcoin Prevents Identity Theft and Fraud

Rather than input your credit card number, expiration date, and security code into an unsecured website form, Bitcoin transactions require only your address, along with your private and public keys. Bitcoin is a cryptographic currency at its core, so encoded data is an essential component of the exchange process.  Even better, while a Bitcoin address can be calculated through its corresponding private key, reversing this process is impossible.

This makes Bitcoin by far the safest currency available for bettors searching for a way to load their online sports book account without sacrificing valuable private information.

Finding a Trustworthy Bitcoin Sportsbook

Once you’ve decided to take the plunge and use Bitcoin for your next online betting deposit, the next step is to find a Bitcoin-friendly platform. Luckily for you we have already done the legwork for you.Below you will find the Top Sportsbooks that accept Bitcoin, Ethereum, Bitcoin Cash, Monero, Doge as well as many other smaller cryptocurrencies

The Best Bitcoin Sports Betting Sites

Best Bitcoin Sports Betting Sites of 2019

The Best Bitcoin SportsbooksOnce you’ve decided to take the plunge and use Bitcoin for your next online betting deposit, the next step is to find a Bitcoin-friendly platform. Luckily for you we have already done the legwork for you. Below you will find the Top Sportsbooks that accept Bitcoin, Ethereum, Bitcoin Cash, Monero, Doge as well as many other smaller cryptocurrencies.

Top Crypto Casinos along with Top Online Bitcoin Casinos & Bitcoin Sports Betting Guide have each independently tested over 50 Different Bitcoin Sportsbooks & Casinos.

All of the Independent 3rd parties mentioned have Placed Bets, Deposited & Withdrew Funds, and used our experience along with the experience of several others to provide Rankings & Reviews of the Best U.S Friendly Bitcoin Sportsbooks & Casinos.

The Best Mobile Bitcoin Sportsbooks of 2019

Anonymous end-to-end crypto sportsbooks offer the following advantages over government currency sportsbooks.Unrestricted; all sportsbooks listed here accept players from United States.

Almost free and instant deposits and withdrawals of any amount 24/7.Sportsbooks save so much in banking and compliance that they can give higher odds.

Top Mobile Bitcoin Casinos & Sports Betting Sites that allow anonymous registration

Why Bet Anonymously?

  1. Betting anonymously makes it impossible for a sportsbook to limit you for winning too much.
  2. Betting anonymously makes it impossible for a sportsbook to sell or misuse your personal information
  3. Lastly, betting anonymously makes it easier to avoid legal and tax issues

Mobile Bitcoin Sportsbooks

U.S. Residents can now Bet on sports via phone/tablet

In addition to the many benefits of betting in Bitcoin versus cash, avoiding the 5-10 business day wait to receive your winnings, dealing with the sketchiness of your neighborhood bookie is now a thing of the past.

Convenience is quickly becoming the number one trait sought after by players and fans of online gaming and with the successful transit of software to mobile devices, this trend has been accepted as a standard. The industry has seen a shift towards mobile gaming, with downloadable and instant-play software from major online gaming establishments, and recently even Bitcoin sites have jumped on the wagon.

The appeal of a mobile Bitcoin sportsbook is easy to recognize – it offers access to games and matches from a mobile device, with the security and instantaneous transfers that are a trade mark of the online cryptocurrency.

The Best Mobile Bitcoin Sportsbooks for 2019

#1 Nitrogen Sports

nitrogen-sports-review-header.jpg

Nitrogen Sports bitcoin-only sports book & casino is easily another one of the best mobile bitcoin sportsbooks: no sign-up required, monthly parlay promotions and 80BTC maximum bet. In addition to sports, you can play table games like blackjack and poker. The bitcoin website also offers a dice game.Nitrogen Sports is our favorite “bitcoin only” sportsbook.  Since opening their doors back in 2012, they’ve quickly established themselves as the leading bitcoin sports betting site.  They are headquartered in Costa Rica and owned by IdealMedia.com

  • Easily the biggest, most established and trusted bitcoin bookmaker.
  • 100% anonymous.  Nitrogen do not even ask you to provide an email address.
  • Live in-play betting available for major leagues like NFL, EPL, NBA and NHL.
  • The minimum bet limit is 0.001 BTC and the maximum bet limit is 30 BTC+.
  • Deposits are credited with zero confirmations and withdrawals process in hours.
  • The Nitrogen Sports web-app works well on iPhone, Android and Windows Phone.
  • 2-Factor Authentication available.  Support provided via live chat or ticket system.
  • Nitrogen Sports does NOT offer a deposit bonus but do they run some fun promos.

Join Nitrogen Sports


#2 FortuneJack

Top Bitcoin Sports Betting Sites (US Approved) Anonymous Registration

Join FortuneJack


The Best Bitcoin Casino Affiliate Programs

The Best Bitcoin Casino Affiliate Programs 2019

#1 BetChain

The Best Bitcoin Casino Affiliate Programs 2019
The Best Bitcoin Casino Affiliate Program of 2019

#3 mBit Casino

Top Paying Bitcoin Affiliate Programs 2019
Highest Paying Bitcoin Affiliate Program 2019

#4 FortuneJack

From FortuneJack:

PARTNERSHIPS ARE AN IMPORTANT PART OF OUR LONG-TERM STRATEGY, SO IF WE CAN’T MAKE YOU HAPPIER THAN ANYONE ELSE YOU COULD PARTNER WITH, THEN WE CAN’T SUCCEEDTHREE IMPORTANT THINGS:

Apply now to become our newest affiliate, so you can SIGNIFICANTLY INCREASE the amount of money you make from every website visitor, email subscriber, and audience member you have: There are many ways to build an online casino – content marketing, advertising, video, blogs, social media, etc. We decided from the start that partnerships with high-quality sites and email list owners would be a big part of our long-term strategy for success.

And based on our more than 20 years in the casino industry, we’ve learned that the partnership and affiliate game is all about quality. We know from experience that high-quality partners refer high-quality players, and high-quality players are more profitable, AND one high-quality partner can refer 10, 20 or even 30 times as many players as a low-quality partner…

So, from the start our goal was to do everything in our power to attract and keep the best, highest-quality partners we could find – like you.

To accomplish this, we realized that we would need to make you happier than any other casino, or even any other potential monetization partner could, so we set out to create the highest commissions, with the fewest number of players referred, with no revenue minimums, and a lot more.


New To Bitcoin? Check Out This Video by Mashable

See: Top Casinos Reviews & Rankings

View: Official Guide: The 6 Best Bitcoin Casinos & Sportsbooks 2019

Learn: Advantages of Gambling with Bitcoin Top Bitcoin Sportsbooks 2019

True Story: Bitcoin Casinos: Writer Makes Over $25,000 In A Day Gambling Online at Bitcoin Casinos & Sportsbooks

shutterstock_1019110117 (1)
Earn Money as a Bitcoin Affiliate

Source: https://cryptoclarified.com/official-guide-2019-the-best-bitcoin-casinos-sportsbooks-best-sign-on-bonuses-no-deposit-bonuses-top-paying-affiliate-programs-top-mobile-casinos-more/

Blockchain

Goldman Sachs Plans to Relaunch Its Cryptocurrency Trading Desk

Republished by Plato

Published

on

Reports on Reuters today revealed that American multinational investment bank, Goldman Sachs, will offer bitcoin futures and non-deliverable forwards on behalf of its clients starting next week.

According to sources familiar with the matter, the move is part of the bank’s effort to take advantage of the fast-growing crypto space, which is gradually becoming an investment of choice for institutional players. 

Notably, the bank is also considering developing a Bitcoin Exchange-Traded Fund (ETF) soon as part of its commitment to fully venture into the industry. 

Based on this regard, the unnamed source noted that Goldman Sachs had already “issued a request for information to explore digital asset custody.” 

Goldman’s First Shot At Crypto

In late 2017, Goldman Sachs became the first Wall Street biggest firm to ever consider offering crypto-related products, as the bank was planning to open a cryptocurrency desk.

At the time, the Wall Street financial institution was working on how to address security challenges associated with the business, as well as how it would custody the assets.

Plans were on the way for the launch slated for late 2018 when reports emerged in September that same year that the bank has chosen not to offer crypto-related investments. 

Sources said that the bank dropped its crypto plans due to the regulatory concerns associated with the industry, with regulators breathing down the neck of most projects. 

The issue of regulatory uncertainty has been the major stumbling block that hindered several institutional players from getting involved with cryptocurrencies. 

Interestingly, there have been clearer regulations in recent times luring institutional investors like Microstrategy and Tesla. 

The entrance of these large corporations has given other institutional investors the greenlight that crypto is safe compared to how it was viewed in 2018. 

Thus it could be the reason Goldman Sach is making plans to restart its cryptocurrency trading desk in earnest.

A Change Of Heart? 

However, Goldman Sachs’ second shot at launching a cryptocurrency trading desk comes less than a year after the bank told its clients during a conference call that bitcoin and cryptocurrencies are not an asset class.

Reports at the time suggested that part of the reason for the call was to discourage its customers from including bitcoin and cryptocurrencies in their portfolio.

SPECIAL OFFER (Sponsored)
Binance Futures 50 USDT FREE Voucher: Use this link to register & get 10% off fees and 50 USDT when trading 500 USDT (limited offer).

PrimeXBT Special Offer: Use this link to register & enter CRYPTOPOTATO35 code to get 35% free bonus on any deposit up to 1 BTC.

You Might Also Like:


Source: https://cryptopotato.com/goldman-sachs-plans-to-relaunch-its-cryptocurrency-trading-desk/

Continue Reading

Blockchain

Bitcoin Still Has an Uncertain Future: Citibank Analysts

Republished by Plato

Published

on

In a 100-page deep-dive report dubbed “Bitcoin, at the Tipping Point,” Citibank’s global perspectives and solutions team noted that the cryptocurrency could potentially “become the currency of choice for international trade.”

The analysts acknowledged that the massive interest shown by several large institutional investors like Tesla, Microstrategy, and PayPal is one of the major propellants for the digital asset gaining mainstream adoption.

The team further noted that several other factors, including a wide range of digital payment options like stablecoins and Central Bank Digital Currency (CBDC), could also increase the chances of bitcoin adoption for cross-border settlements.

An Uncertain Future

The report also pointed out that a side-by-side comparison of the risks associated with bitcoin and the opportunities it presents makes it very easy to conclude that the digital asset is at a tipping point.

They wrote:

 “There are a host of risks and obstacles that stand in the way of Bitcoin progress… Weighing the potential hurdles against the opportunities leads to the conclusion that Bitcoin is at a tipping point… Bitcoin’s future is thus still uncertain, but developments in the near term are likely to prove decisive as the currency balances at the tipping point of mainstream acceptance or a speculative implosion.”

Bitcoin Going Mainstream Already 

The concluding part of the report quoted the famous philosopher, Schopenhauer, who said,

“All Truths pass through three stages, first it is ridiculed. Second, it is violently opposed. Third, it is accepted as being self-evident.”

The team states that the positive change in stance on issues about bitcoin by several financial institutions very well prove these words of Schopenhauer, which he said more than 150 years before the bitcoin idea was born.

Several banks had actively shunned bitcoin in the past, arguing that it has no intrinsic value as it is allegedly backed by mere speculations from its proponents.

However, bitcoin’s immense growth has forced its former critics to re-evaluate their stance and join the bitcoin adoption trend. Some of the biggest banks in the world have started offering bitcoin services to their clients.

SPECIAL OFFER (Sponsored)
Binance Futures 50 USDT FREE Voucher: Use this link to register & get 10% off fees and 50 USDT when trading 500 USDT (limited offer).

PrimeXBT Special Offer: Use this link to register & enter CRYPTOPOTATO35 code to get 35% free bonus on any deposit up to 1 BTC.

You Might Also Like:


Source: https://cryptopotato.com/bitcoin-still-has-an-uncertain-future-citibank-analysts/

Continue Reading

Blockchain

Matic, xDAI (STAKE) and Loopring (LRC) rally as Ethereum gas fees rise

Republished by Plato

Published

on

The start of a new month has brought renewed fervor from the cryptocurrency market as Bitcoin (BTC) price steadily climbed from a low of $43,537 on Feb. 28 to a high of $49,200 during today’s early trading hours. 

As traders get excited about positive moves in the market and look to re-enter positions, the increasing use of DeFi continues to drive fees on the Ethereum (ETH) network higher, shining the spotlight on the top layer-2 (L2) protocols that offer working solutions.

Three protocols that have emerged as top L2 contenders with working platforms are Polygon (MATIC), xDai (STAKE), and Loopring (LRC). Each offers its own unique layer-2 approaches to helping ease high traffic on the Ethereum network. 

MATIC/USDT

Polygon, previously known as Matic, officially launched as a layer-two aggregator for Ethereum on Feb. 9 as a way to offer an interoperability protocol for the network.

Since excitement for the rebrand began, MATIC price has increased by 400% from $0.05 to an all-time high of $0.245 on March 1. Growing excitement for the Aavegotchi (GHST) mainnet launch on March 2 has also brought a boost of attention and trading volume to MATIC.

MATIC/USDT 4-hour chart. Source: TradingView

Aavegotchi was one of the first projects to bridge over to the Polygon network and it will likely be joined by other projects if its mainnet launch on the network go smoothly.

MATIC also received a boost on Feb. 26 when it was announced that gaming giant Atari would be integrating Polygon in order to “bring their NFT & token products to Layer 2,” along with the launch of “the first EOS-Polygon cross-chain bridge,” that was done in partnership with pNetwork (PNT).

XDAI/USDT

 xDai is another layer-2 solution that has caught the attention of investors over the past few weeks. The xDai (STAKE) chain is a stable payment blockchain created by the POA Network, an Ethereum open-source public side-chain which offers a framework for smart contracts.

STAKE is designed to be a multi-chain staking token that validators and delegators offer as collateral in order to participate in the consensus mechanism and receive staking incentives for block production. The goal of the xDai platform is to offer fast and inexpensive transactions on the Ethereum network.

Since trading at a low of $7.50 on Jan. 2, STAKE price increased 500% to a new all-time high of $43 on Feb. 21 before falling under pressure alongside the wider cryptocurrency market.

XDAI/USDT 4-hour chart. Source: TradingView

A scroll through the project’s Twitter feed shows multiple recent partnerships and integration announcements that have helped propel STAKE higher in recent weeks.

Notable mentions include an integration with the Binance Smart Chain (BSC) that allows users to move funds from Binance to xDAI using a BSC-to-xDai Bridge as well as the announced migration of the up-and-coming Bao Finance (BAO) to the xDai network.

LRC/USDT

Loopring is a layer-2 solution that specifically focuses on the creation of decentralized cryptocurrency exchanges (DEX).

One of the major sources of congestion on the Ethereum network is the ever-growing activity of popular DEXs like Uniswap (UNI) and SushiSwap (SUSHI).  A separate side-chain made specifically for exchange trading could help alleviate congestion on the network and this is what Loopring aspires to provide.

The overall goal of the Loopring protocol is to combine the advantages of decentralized exchanges with the liquidity and order book management offered by centralized exchanges to help increase the efficiency of order execution and enhance the liquidity of the DEX ecosystem.

Since Jan. 2, LRC has increased by 430% from $0.165 to a high of $0.88 on Feb. 12 .

LRC/USDT 4-hour chart. Source: TradingView

After falling to a low of $0.46 on Feb. 28, LRC price rallied 30% after it was announced that the Loopring exchange added multiple WBTC/Stablecoin pairs, offering “6 new ways to trade WBTC on Ehtereum L2.”

VORTECS™ data from Cointelegraph Markets Pro began to detect a bullish outlook for LRC on Feb. 28, 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.

VORTECS™ Score (green) vs. LRC price. Source: Cointelegraph Markets Pro

As seen on the chart above, the VORTECS™ score for LRC reached a high of 73 on Feb. 28, just as the price was beginning it’s 30% rally to $0.59.

Continued increases in the price of Ethereum, which rose back above $1,500 on March 1, will only exacerbate the pain felt by traders attempting to use popular DeFi protocols on the network.

The amount of gas needed to conduct basic transactions as well as the price of these fees will continue to drive users to trial the alternatives be offered by layer 2 solutions, and Polygon, xDai and Loopring are three protocols well-positioned to capitalize on this trend.

Source: https://cointelegraph.com/news/matic-xdai-stake-and-loopring-lrc-rally-as-ethereum-gas-fees-rise

Continue Reading
Blockchain4 days ago

Gemini collaborates with The Giving Block and others, adds donations option

Blockchain4 days ago

NextGen Blockchain Platforms Self-Organize to Win Government Contracts

Blockchain4 days ago

What Coinbase Going Public Could Do For Crypto

Blockchain3 days ago

Crypto Investment Fund to Sell $750M in Bitcoin for Cardano and Polkadot

Blockchain3 days ago

This was avoidable – The lost Bitcoin fortunes

Blockchain1 day ago

Google Finance adds dedicated ‘crypto’ tab featuring Bitcoin, Ether, Litecoin

Blockchain5 days ago

Tezos, IOTA, Dash Price Analysis: 25 February

Blockchain2 days ago

Economist warns of dystopia if ‘Bitcoin Aristocrats’ become reality

Blockchain4 days ago

Coinbase public listing filing details 2020 revenue, major a16z stake

Blockchain5 days ago

Bank of Korea Head Says Cryptocurrencies Have No Intrinsic Value

Blockchain2 days ago

XRP, STEEM, Enjin Price Analysis: 27 February

Blockchain1 day ago

Korean Government To Levy Taxes On Bitcoin Capital Gains Starting 2022

Blockchain1 day ago

Polkadot, Cosmos, Algorand Price Analysis: 28 February

Blockchain3 days ago

‘Bitcoin could reach $1 million or $1, and may do both of those’

Blockchain2 days ago

Here are 6 DEX tokens that have seen exponential growth in 2021

Blockchain2 days ago

6 Questions for Kain Warwick of Synthetix

Blockchain1 day ago

NBA Top Shot leads NFT explosion with $230M in sales

Blockchain5 days ago

Litecoin Price Analysis: 25 February

Blockchain3 days ago

What are the risks of trading cryptocurrencies?

Blockchain2 days ago

3 reasons why Reef Finance, Bridge Mutual and Morpheus Network are rallying

Trending