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Top Crypto Gainers: UMA Takes Lead At 13%, TRX Follows At 12%, COMP 10%

crypto price rally

Today, Defi coins excelled gallantly. As our top gainers’ list features newcomers like UMA and COMP, we also noticed great traction coming from relatively more controversial cryptos like TRX. Bitcoin still battles with the $10,200 resistance as $12,000 remains unshakable. Although the top cryptocurrency revived little gains since yesterday, its market traction remains insignificant and …

The post Top Crypto Gainers: UMA Takes Lead At 13%, TRX Follows At 12%, COMP 10% appeared first on Cryptocurrency information | Cryptocurrency News | Bitcoin News and Crypto Guide.

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Today, Defi coins excelled gallantly. As our top gainers’ list features newcomers like UMA and COMP, we also noticed great traction coming from relatively more controversial cryptos like TRX.

Bitcoin still battles with the $10,200 resistance as $12,000 remains unshakable. Although the top cryptocurrency revived little gains since yesterday, its market traction remains insignificant and immeasurably less notable to many altcoins.

#1. UMA (UMA 13% Gain):

uma-charts

UMA endured to rise up the charts and ranks over the past few days. Now conveniently trending above the $16 price level, the crypto is now ranked 22nd by market capitalization according to Coingecko.

UMA maintains about 78% market positiveness and as its market cap touches $1.2 billion. In the meanwhile, the coin gained almost 13% in 24 hours as its exchange volume strides towards $100 million approximately.

Technical Points

  • Price breaks key resistance at $18
  • The next key resistance lies at $16.0
  • Next level of support seems minor at $17.2

#2. TRON (TRX 12% Gain):

tron-charts

Tron blockchain’s native crypto, TRX spots the limelight for an additional time since the onset of the alt season. As the top crypto makes waves towards higher heights, it gains roughly 12% in the past 24 hours.

TRX’s market feeling is conveniently bullish with roughly 75% market optimism, according to stats on Coingecko.

Within the past 24 hours, TRX experienced two major price swings, altogether striding it towards greater optimism. Major support is established at $0.029 but prices are now playing around the $0.034 level.

Technical Points

  • Next key support at $0.029
  • Next resistance level at $0.040
  • RSI horizontal at 50.0

#3. Compound (COMP 10% Gain):

compound-charts

COMP attains the next spot on this list with approximately 10% 24-hour gain.

Although with alternate ups and downs, we see COMP thriving against its USD pair steadily. Finally, the 32nd crypto by market capitalization was able to stick the landing at $179.5 as the bulls charge upwards for further profits.

Market belief remains bullish as roughly 80% believe there is more bullish move inbound.

Technical Points

  • Prices broke major resistance at $175
  • Next key support level lies at $175
  • Next major resistance waits at $180

Source: https://coinpedia.org/news/uma-trx-comp-takes-lead/

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Bitcoin Taproot upgrade finally achieves activation lock-in!

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The much-anticipated Bitcoin Taproot upgrade passed the Speedy Trial, which was a signaling period which gauged support for the upgrade from bitcoin’s mining sector. Since SegWit, Taproot has been touted as the next significant upgrade for Bitcoin.

Data from Taproot.watch, a webpage created by Bitcoin developer Hampus Sjöberg, released an interesting yet hilarious video to announce the completion of the lock-in stage.

On the official page, it read:

“This period has reached 1815 Taproot signaling blocks, which are required for lock-in.”

Different mining pools tweeted their support for the upgrade on their respective platforms with Slush Pool being the first to do so.

AntPool also supported the upgrade.

What’s next?

Bitcoin core developer Pieter Wuille further elaborated on the path leading to the full activation step for Taproot in a series of tweets. He stated:

“As of block 687284, Taproot signalling has reached 1815 blocks this period, guaranteeing that absent very deep reorgs, it is guaranteed to lock in. Following that, it will activate at block 709632, probably around mid-November 2021.”

He also addressed that ‘there is a lot of work left of course’, which included:

a) PSBT extensions to communicate Taproot keys/scripts/signatures,

b) MuSig2 standardization so the software can cooperate in signing,

c) Output descriptors,

Why is it so important?

Fred Thiel, CEO of Marathon Digital Holdings stated:

“With this upgrade, you’ll see Bitcoin to be the settlement network. Funds are transferred from one institution to another, say one bank to another.”

He added,

“The update would lower the data size of smart contracts, in turn lowering transaction costs. Taproot is also expected to enhance smart contract functionality and efficiency.”

Jeremy Rubin, a Bitcoin Core contributor and founder of Judica projected a similar optimistic narrative,

“With taproot, you get optimization of Bitcoin, much different from how people know Bitcoin today- little too inefficient or reveal too much information about what you’re trying to do. Taproot helps to be private and efficient.”


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Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://ambcrypto.com/bitcoin-taproot-upgrade-finally-achieves-activation-lock-in

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Next-Gen Decentralized NFT Platform, NEFTiPEDIA Announces Launch of its ICO In 3 Days

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Next-Gen Decentralized NFT Platform, NEFTiPEDIA Announces Launch of its ICO In 3 Days

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NEFTiPEDIA, a next-generation decentralized NFT platform that operates in a way that contributes to the elevation of digital artists, creators, and investors has announced the launch of its ICO which is set to happen in 3 days.

NEFTiPEDIA has designed a commission-free platform to enable its artists to maximize income, following its aim to help them increase revenue via NFTs.

Following NEFTiPEDIA’s plans to storm the marketplace while launching its ICO, it aims to serve the marketplace with different categories of products including cosmetics, vehicles and property.

“….we believe NEFTiPEDiA will become a community-run marketplace and the industry will make our project as a kind and remarkable one in the world,” the announcement reads.

The development will see the platform provide a decentralized marketplace for Artists, where they can sell and validate their NFT links to fans and interested buyers.

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NEFTiPEDIA Offers Exciting Prizes to Users

The team behind the project have allotted a total of 250,000,000 $NFT tokens for its users to enjoy in the upcoming ICO.

To further celebrate the intended development, the platform has proposed a referral scheme where winners can enjoy amazing and exciting prices.

Users who wish to participate in the program are required to sign up for the platform’s ICO panel and get a referral code.

The code can as well be shared with friends, giving users the opportunity to win exciting prizes.

A minimum of 5 referrals is required for participants to be considered for winning.

“Only those referrals ended in purchase will be added to the count. After the completion of ICO in 30 days, winners will be announced. Notably, winners will bear all the applicable tax.” The team further elaborated on the conditions for winning.

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://zycrypto.com/next-gen-decentralized-nft-platform-neftipedia-announces-launch-of-its-ico-in-3-days/

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Ethereum Classic (ETC) Price Poised for a Surge to $100

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  • Ethereum Classic (ETC) looks poised for a surge
  • Technical indicators show that ETC could go up to $105
  • Also, one reason that could help the altcoin surge is its upcoming ECIP-1103 upgrade

Ethereum Classic price poised for a surge. The altcoin has been outperforming the market recently but can it bounce back over the $100 resistance level?

The crypto market has been experiencing a rough ride. Many altcoins have sunk to less than half their value in less than a month. However, Ethereum Classic managed to rebound faster than most of the market. In addition, the altcoin has managed to hold its ground against the bearish market.

In fact, looking at Ethereum Classic price charts, the asset looks poised for a surge.

Ethereum Classic price charts

At the time of writing, ETC is trading at $55.01, down 67% from its May 8 all-time high of $167.09. However, looking at the crypto’s Fibonacci levels, ETC could go up to ranging from $74 to $105. The price rise depends on whether ETC manages to breach the $60 resistance level. Looking at RSI, ETC is just above 40 and is thus in the safe zone.

On the other hand, ETC price could fall to $9 if the market turns on the crypto.

Possible reasons why ETC has been outperforming the market could be the crypto’s recently announced new upgrade scheduled for July 21. The upgrade will implement ECIP-1103 and include ETH’s Berlin Upgrade.

Also, perhaps investors deem the altcoin a good asset to diversify into and hedge against Bitcoin and ETH volatility. ETC has a limited coin supply of 210 million. In comparison, sister blockchain ETH has an unlimited supply. As such, ETC’s token value is likely to appreciate once the blockchain reaches its maximum token supply.

In addition, the underway ETH 2.0 upgrade will help further differentiate ETC from its more popular sister ETH. In this case, ETC could prove to be a good way for investors to diversify their portfolios.

Finally, ETC holds sentimental value for those who wish to see what ETH would look like if the platform followed its initial roadmap.

Source: https://coinquora.com/ethereum-classic-etc-price-poised-for-a-surge-to-100/

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