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Category: NEWS

  • The world’s 9th largest cryptocurrency SOLANA falls 77% in 2022 amid recurrent outages in recent months

    The world’s 9th largest cryptocurrency SOLANA falls 77% in 2022 amid recurrent outages in recent months

    Solana (SOL), the smart contract functionality blockchain also dubbed as ‘Ethereum killer’, has extended losses in 2022, with the network experiencing recurrent outages in recent months.Solana began 2022 trading at $173 but has since recorded a year-to-date (YTD) drop of about 77%, trading at $39 by press time. Notably, Solana’s YTD plunge is double that of Bitcoin.

    Solana, the world’s ninth-largest cryptocurrency, has fallen around 77% in 2022, with the network experiencing recurrent outages in recent months. The smart contract functionality blockchain began 2022 trading at $173, with its current price being $40.83. Over the last 24 hours, the token plunged by over 11% due to another wide-scale outage.

    Over the last 24 hours, the token plunged by over 11% in the wake of another wide scale outage where validators on the network could not process new blocks for several hours.

    The outage was confirmed by Solana Labs co founder Anatoly Yakovenko who stated the issue was due to a durable transaction nonce that affected the blockchain’s ability to process transactions designed for offline use-cases.

  • FTX Token – One of the MOST USED smart contracts among top 100 ETH whales in the last 24hrs

    FTX Token – One of the MOST USED smart contracts among top 100 ETH whales in the last 24hrs

    FTX becomes one of the most used smart contracts among top ETH whales in last 24 hrs

    FTX Token was one of the most used smart contracts among the top 100 ETH whales in the last 24 hours, according to data released by WhaleStats on Thursday.

    Meanwhile, it is currently trading at $26.84, which is over 68% less than its all-time high of $84.18 in September last year.

    FTX is a cryptocurrency derivatives exchange that offers futures, leveraged tokens and OTC trading with a focus on institutional-grade solutions. The FTX Token is the backbone of the FTX ecosystem, which was designed to increase network effects and demand for FTT as well as decrease its circulating supply.

  • BabyDogeCoin likely to burn 50 Quadrillion on ETH !?

    BabyDogeCoin likely to burn 50 Quadrillion on ETH !?

    BabyDogeCoin likely to burn 50 Quadrillion on ETH !?

    on a tweet on birthday babydoge said they will be likely to burn 50 Quadrillion on ETH

    BabyDogeCoin likely to burn 50 Quadrillion on ETH !?
  • Bitcoinlfg predicts Solana below $20 by the end of 2022

    Bitcoinlfg predicts Solana below $20 by the end of 2022

    Bitcoinlfg predicts Solana below $20 by the end of 2022

    World’s Largest crypto Data Company , Crypto Wiki-pedia Trusted By 3 Million+ people has predicted solana can go below $20

    the reason is solana issues on daily bases

    Bitcoinlfg predicts Solana below $20 by the end of 2022

    yesterday watcherguru reported

    which was later back online solana is down 12% in last 24 hours -85% from ath experts believe solana has some hope but if they continue to have problems solana can go below $20

    check solana price here https://bitcoinlfg.com

  • LUNA Classic (LUNC), has dropped more than 50% in the last 24 hours.

    LUNA Classic (LUNC), has dropped more than 50% in the last 24 hours.

    The Luna Classic price is $0.01, a change of -45.42% over the past 24 hours.The recent price action in Luna Classic left the token’s market capitalization at $51,780,283,629.75 USD. So far this year, Luna Classic has a change of -99.99%. Luna Classic is classified as a Application token under CoinDesk’s Digital Asset Classification Standard (DACS).

    Terra’s old LUNA token, now known as LUNA Classic (LUNC), has dropped more than 50% in the last 24 hours. It is currently trading at around $0.007705. The new LUNA token also saw its price dip by over 25% in the past 24 hours and it is currently trading at $6.30. LUNA 2.0 had briefly reached $30 after its launch.

    Luna classic (LUNC) is the native token of the original Terra blockchain, which was launched in 2018. At that time, the token’s name was LUNA. In the wake of the collapse of the blockchain’s algorithmic stablecoin, TerraUSD (UST), in May 2022, the community voted to create a new blockchain.After the launch of “Terra 2,” the native token of the new network inherited the LUNA name, while the old blockchain’s token was rebranded to luna classic (LUNC).

    As of May 2022, LUNC’s all-time highest price was $119.02 (when it was still the old LUNA token), recorded in April 2022. The token rallied past $100 from a few dollars in less than a year and became one of the top 10 cryptocurrency by market capitalization as sustained demand for Terra’s stablecoin resulted in a dwindling LUNC supply.

    Luna classic was created to be the native token of the original Terra blockchain. It acted as the twin token that was designed to absorb any price deviation of the blockchain’s algorithmic stablecoin, TerraUSD (UST). UST was supposed to keep a one-to-one exchange rate to the U.S. dollar by creating (minting) and (destroying) burning UST tokens to balance the stablecoin’s supply and demand at a $1 price peg.

  • Bitcoin prices once again sinked below $30,000_Eliminating this week’s gain!!

    Bitcoin prices once again sinked below $30,000_Eliminating this week’s gain!!

    After sinking to $29,743.13, the top cryptocurrency is now dangerously close to turning negative on the weekly chart.

    Bitcoin recently scored its ninth consecutive week in the red, and bears have a decent chance to extend this bearish streak if the top cryptocurrency remains below $29,454 on Sunday.

    Bitcoin a cryptocurrency designed to act as money and a form of payment outside the control of any one person, group, or entity, and thus removing the need for third-party.Bitcoin was introduced to the public in January 2009 by an anonymous developer or group of developers using the name Satoshi Nakamoto.

    Launched in 2009, Bitcoin is the world’s largest cryptocurrency by market capitalization.

    Previously Bitcoin was showing signs of bottoming out after sliding for nine straight weeks for the first time in its history. But now its again sinking to $29, 743.13 coming dangerously close to turn negative in the weekly chart.

  • Binance users to see Proof of Assets for Dogecoin on BSC, as well as XRP and other coins!!

    Binance users to see Proof of Assets for Dogecoin on BSC, as well as XRP and other coins!!

    The proof of assets wallets have been added for all the wrapped tokens – Bitcoin, Ethereum, XRP. The Dogecoin community will be able to see that DOGE on the BNB Chain (formerly known as Binance Smart Chain, BSC) is indeed fully backed by the original meme cryptocurrency.

    The proof of assets wallet with DOGE that backs the DOGE-BSC supply on Binance has finally appeared, as promised by the head of the exchange, Changpeng Zhao, on May 16.

    While Binance has added a “proof of assets” wallet for Dogecoin on BNB Chain, DOGEBSC remains among the most popular smart contracts.

    The wallet contains 1,400,000,000 Dogecoin that back wrapped DOGE on BSC. Apart from that, proof of assets wallets have been added for all other wrapped tokens – Bitcoin, Ethereum, XRP.

    DOGE BSC is now among the top 10 most used smart contracts on the BNB Chain (BSC). Apart from Dogecoin, this list includes BabyDoge and other altcoins.

    Overall, the top 100 BSC whales’ wallets now hold $16,863,114 in DOGE, which is 1.19% of their portfolio. The most popular meme coins wrapped on BSC are also included in the top 10 list of small cap holdings with an average amount of 1,952,203 DOGE held by investors.

  • Shiba Inu crosses over 1.195 million holders, highest till date

    Shiba Inu crosses over 1.195 million holders, highest till date

    Shiba Inu token is a decentralized cryptocurrency created in August 2020 by an anonymous person or group known as “Ryoshi”

    Shiba Inu has crossed over 1,195,000 holders, which is a new record for the crypto token. It currently has 1,197,346 holders.The top 1,000 ETH wallets currently hold as many as 58,364,331,708,833 Shiba Inu coins which have a value of around $693,254,055.

    New Record: $SHIB reaches an astonishing 1,195,000+ holders.

    Current Holder Count: 1,197,346

    The top 1000 ETH wallets are holding 58,364,331,708,833 $SHIB($693,254,055 USD)

  • Over 31 billion Shiba Inu tokens burned in May with 1,331 transactions!!

    Over 31 billion Shiba Inu tokens burned in May with 1,331 transactions!!

    More than 31 billion Shiba Inu tokens were burned, a process in which tokens are sent to dead wallets, in May. The SHIB tokens were burned through 1,331 transactions.

    In the last 24 hours, the SHIB burn rate went down by around 74% despite the SHIB community burning more than 41 million tokens.

    World’s 16th largest cryptocurrency Shiba Inu falls by around 4% in 24 hours.Shiba Inu token has fallen by around 4% in the last 24 hours and is currently trading at $0.00001161.

    The world’s 16th largest cryptocurrency has seen a drop of more than 65% in the past one year. Shiba Inu (SHIB) is a token that aspires to be an Ethereum-based alternative to Dogecoin (DOGE), the popular memecoin.

    SHIBA INU’s price today is US$0.00001195, with a 24-hour trading volume of $380.8 M. SHIB is -2.04% in the last 24 hours. It is currently -3.60% from its 7-day all-time high of $0.0000124, and 18.12% from its 7-day all-time low of $0.00001012. SHIB has a circulating supply of 549,063.28 B SHIB.

  • Dogecoin surpasses Polkadot to become 10th largest crypto in world__Bitcoin ranks as 9th largest base money globally!!

    Dogecoin surpasses Polkadot to become 10th largest crypto in world__Bitcoin ranks as 9th largest base money globally!!

    Dogecoin (DOGE) has surpassed Polkadot (DOT) to become the 10th largest cryptocurrency in the world with a market value of over $11.4 billion. The market cap of DOT currently stands at over $10.1 billion. As of now, DOGE is trading at $0.086, while DOT is trading at $10.23.

    Meanwhile the world’s largest cryptocurrency Bitcoin has ranked as the ninth largest base money in the world, as of the end of the first quarter of 2022. The cryptocurrency was ranked as the seventh-largest in the third quarter of 2021. Bitcoin, which had been witnessing a dip in its prices recently, jumped over $31,500 on Tuesday.

    Bitcoin, the world’s largest cryptocurrency, dropped more than 17% in the month of May, while Ethereum ranked more than 31% in the month. Further, Solana was the biggest loser among the world’s 10 largest cryptocurrencies, losing nearly 50%. Dogecoin and Ripple tanked over 34% and 31% respectively during the time period.

    The Bitcoin profitability levels have touched a two-year low, with only around 54% of all Bitcoin investors remaining in profit, a report said. Around 20 million Bitcoin addresses are currently in red, while 2.49% of BTC holders are in the neutral zone. Such levels were previously seen in May 2020.

    The crypto market has been struggling for a while now and has taken the likes of Bitcoin down with it. The result of this extended trend of low prices has been that profitability has dropped across both major and minor digital assets in the space. For Bitcoin, the pioneer cryptocurrency has been especially hard hit as its profitability has now declined to two-year lows.

    Even with the recent price recovery, the profitability ofbitcoin has been at the worst levels since 2020. Whathas happened has been both a mixture of decliningprices over a number of months and newer investorswho got in at higher prices being left with bags oflosses. As a result, the profitability has now touchedlevels that it has not seen since May 2020.