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PROMISING BLOCKCHAIN PROJECTS IN 2020

We have seen cryptocurrency and blockchain technologies bring wonders into the digital world with its clear structure and are gradually…

The post PROMISING BLOCKCHAIN PROJECTS IN 2020 appeared first on List of Best Blockchain Events.

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Blockchain-friendly games

We have seen cryptocurrency and blockchain technologies bring wonders into the digital world with its clear structure and are gradually integrating with the current industries that deem innovation. Tech giants and innovators have recognised the importance of blockchain and have pioneered towards bringing contemporary blockchain solutions for the consumers. This leads to the identification of the significant promising blockchain projects that are striving for the success of the technology and integrating it more into our daily lives.

ZELWIN

“The first peer-to-peer platform, where all stakeholders can make money,” is what Zelwin says and prides itself on. This online marketplace operates on blockchain and is based on the model of a reward system where it values its customers by allocating a considerable amount of ZELWIN (ZLW) token/bonuses over each purchase. With a variety in the available commodities, it provides a world-wide purchasing service to its thousands of consumers. Being a crypto-friendly platform, it presents great potential in strengthening its foundation in the field of blockchain projects. The ZLW bonuses can be transferred easily onto our fiat exchanges or accounts, over the accumulation of the required withdrawal amount. The marketplace is where everyone can produce revenue while following the platform’s aim to strive for fairness.

ATROMG8

This explicit and innovative structure is striving to take the technologies involving human communication and digital evolution to the next level. Atromg8 is a Switzerland-based blockchain innovation working to build stability within the world systems. The blockchain landscape and Multi-DLT structure of this project are supported by “Innovative MixNet 5.0”. Seeking to revolutionise the security and privacy in messaging and payment ecosystems, this decentralised project is built from a range of open sources for the facilitation of digital networks in real-time. With its security features, Atromg8 intends to take leadership of the security features in blockchain applications. They undoubtedly will bring a realisation of the improvements blockchain applications can deliver within the existing technologies and promote contemporary ways of cooperation between existing networks.

BITIT

The future of blockchain does not only call for improvement in technology but ease in consumption too. It has changed the concepts of complicated crypto purchases and transactions. Being the first cryptocurrency exchange platform to provide fiat-crypto trading services, users do not have to go through the strenuous procedures of buying crypto coins. It intends to deliver to the blockchain technology in 2020 with its focused delivery, payment securities, and convenient service. Users are allowed to top up their accounts via MasterCard, or Visa Card-linked accounts for purchasing crypto coins. While maintaining its competitive edge, Bitit provides its consumers with an additional package of one-stop-shop for crypto traders where different products are available at impressive rates.

MOBILEGO

Blockchain has been making quite a significant stand in the e-gaming industry. Several emerging startups have been developing themselves as useful tools amongst which MobileGo has grown to become the first crypto-centric mobile gaming platform and stores. Being called “the Bitcoin of the gaming industry,” MobileGo’s token, MGO uses the most respected and reliable blockchain network, Ethereum. It allows users to spend the tokens across numerous games and perform in-game purchases, which are quite promising, considering the developing norms of the gaming industry in 2020. Being a platform for both the developers and gamers, MobileGo has shown massive potential in merging the gaming and crypto industries. This platform, yet new, is known for collaboration with many exemplary games.

Blockchain technology, with 2020 rolling up, seeks to develop its security and optimising costs. More significant innovation has been discovered within this technology with a variety of potential in it; thus, it opens up towards newer and improved blockchain projects.

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Source: https://www.blockchaineventslist.com/promising-blockchain-projects-in-2020/

Blockchain

Bitcoin dominance is an irrelevant metric unless…

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The volatile cryptocurrency market has given way to multiple metrics for the market observers to analyze and predict what’s coming next. One such metric has been Bitcoin dominance, but as per Su Zhu, it should not be relevant to you unless you are a billionaire.

How so?

The CEO of Three Arrows Capital opined this after noticing the trend of the newcomers avoiding Bitcoin and Ethereum and opting for risky crypto tokens. When the largest digital asset was stuck in a wider correction period, altcoins like Dogecoin [DOGE] grabbed much attention. This was possible due to the hype created by Tesla CEO or, self-proclaimed “doge-father,” Elon Musk and the Doge community.

However, understanding the newcomers’ enthusiasm Zhu opined that if he were to bet on projects now, he would choose Solana and Avalanche.

Despite the popularity of altcoins, the exec remained bullish on Bitcoin and Ethereum as he expected, the former to flip gold’s market cap, and the latter to eventually hit a value above $25,000. Bold predictions, but nothing we haven’t heard before.

However, newcomers were more bothered about the dominance metric but as data suggested, Bitcoin dominance has recently been falling. The dominance was hit earlier but recovered to form a peak at 49.25% on 30th July. But given the correction phase that followed, the dominance of BTC fell and was last noted to be at 40% on 10th September.

It is interesting to note that despite plenty of adoption related news such as that of El Salvador, coming in over the past few weeks, it looks like the dominance has remained unaffected by it.

Source: CoinMarketCap

Twitter user and crypto enthusiast, @HsakaTrades also noted that Bitcoin dominance was not a relevant metric for anyone who has a “sub mid 9fig portfolio]. Agreeing with Hasaka, Zhu added,

“To clarify, if you’re holding for 5+ yrs, you shouldn’t be thinking about btc dominance in the first place. And obv btc and eth have a strong place in that portfolio.

If you’re allocating actively atm, and think debating btc v eth v alts is a good framework, you’re ngmi.”

While this advice could stand true for experiences, long-term trader interested in making money, but not the ones looking out to invest in tech. This was especially highlighted in the comments wherein the crypto users were upset about the CEO’s Solana [SOL] recommendation that recently witnessed an outage.

Nevertheless, the trading advice and strategies differd from trader to trader and Zhu’s opinion to not focus on the BTC dominance, prebably stemmed from a hodlers perspective. While interesting projects were now erupting in the crypto space, it looks like Bitcoin’s dominance, not only in terms of price, but as a crypto project could be challenge.

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Source: https://ambcrypto.com/bitcoin-dominance-irrelevant-for-anyone-not-10figs

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Blockchain

Millions of Dollars Raised Through Solana’s DeFi Projects

Millions of Dollars Raised Through Solana's DeFi Projects

PAI, an algorithmic stablecoin, backs Parrot Protocol. Grape Protocol was the primary source of the downtime. Solana has been up

The post has appeared first on thenewscrypto.com

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  • PAI, an algorithmic stablecoin, backs Parrot Protocol.
  • Grape Protocol was the primary source of the downtime.

Solana has been up nearly 3200% since August. Investors’ interest in Ethereum rival systems featuring DeFi, NFT, and smart contract services has risen dramatically.

The software applications that simulate legal contracts are smart contracts. Once housed on a blockchain network, the software application will run automatically without human intervention.

This month, Solana’s DeFi initiatives raised millions of dollars. This is another proof of Solana’s potential to compete with Ethereum. Currently, Ethereum has the most DeFi and NFT projects.

Bots raced to invest in a token sale for Grape Protocol over flooded the blockchain, causing Solana to collapse for 17 hours on Tuesday. Let us take a look at the few IDO that helped raise millions.

Grape Protocol

Grape Protocol, the primary source of the downtime, managed to raise just $600,000 on Raydium’s “Acceleraytor.”

Tokenized communities may use Grape Network to connect to platforms like Discord, Telegram, and soon twitter to collaborate over Solana and reward members with crypto.

Parrot Protocol

Parrot Protocol is based on Solana. Investors in the Initial DEX offering included Sino Global Capital, Alameda Research, and QTUM VC. Moreover, to put it simply, Parrot is a non-custodial lending platform and decentralized exchange.

PAI, an algorithmic stablecoin, backs Parrot. Furthermore, Parrot offered a governance token called PRT in its IDO. Thus, allowing investors to vote on the protocol’s operation and farm yields on Solana without affecting other Layer 1 blockchains.

Solana’s failure impacted Parrot’s IDO, but it was resolved by Sept. 16. Moreover, the team said it would start working on PRT staking, NFTs, and adjustable interest rates in “Letter from the Parrot.”

Several Solana initiatives will be launched in the next day’s/weeks. Examples include Solanium, Boca Chica, and Solstarter. On Solanium, whitelisted users may buy MatrixETF.

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Source: https://thenewscrypto.com/millions-of-dollars-raised-through-solanas-defi-projects/

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Cosmos (ATOM) Lead Market-Wide Rally

Cosmos (ATOM) Lead Market-Wide Rally

Cosmos’ creators call it an “internet of blockchains.” ATOM also launched a bridge to Ethereum at the end of August.

The post has appeared first on thenewscrypto.com

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  • Cosmos’ creators call it an “internet of blockchains.”
  • ATOM also launched a bridge to Ethereum at the end of August.

Cosmos (ATOM) blew up 10.74 percent overnight to establish a new price of $39.58, according to CoinMarketCap. It surpassed $40 yesterday, reaching $40.76. Despite today’s minor decline, Cosmos’ price was still ten dollars more than seven days ago, and twenty dollars higher than this time last month.

Its creators call it an “internet of blockchains.” It’s an interoperability network that allows various blockchains to connect, exchange data, and interact with one another.

In short, Cosmos claims to address some of the “hardest problems” in the blockchain sector. It seeks to provide an alternative to “slow, costly, unscalable, and ecologically harmful” proof-of-work protocols like Bitcoin by connecting blockchains. On August 18, Cosmos rose 25% from $15 to $20 after the introduction of Emeris, a cross-chain DeFi interface.

It also launched a bridge to Ethereum at the end of August. The inter-blockchain communication protocol (IBC) allowed trade across the Cosmos and Ethereum networks for the first time, along with the integration of Sifchain.

Cosmos Might Soon Over Take FTX Token

Cosmos is “Blockchain 3.0” — thus, as previously said, ease of usage is a significant objective. To this aim, the Cosmos SDK emphasizes modularity. This enables a network to be created quickly using existing code. Long term, it is anticipated that sophisticated applications would be simple to build.

Cosmos now has the twenty-first largest market value, but at this pace, it would only take $0.8 billion to flip FTX Token and make a bold entry into the top twenty.

Some in the crypto sector, much worried about the amount of fragmentation in blockchain networks. There are hundreds, yet few can converse. Cosmos wants to change this by making it feasible.

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Source: https://thenewscrypto.com/cosmos-atom-lead-market-wide-rally/

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