Solana started the year as one of the most promising blockchains, but reports of inflated transaction volumes, high bot activity, and hundreds of millions of dollars paid out each month to network validators have become some of the industry’s most debated topics. Magazine decided to sort out the myths from the facts. Some of the claims are partly true, while others are misleading. Claim: Solana’s inflation rate is too high Some industry watchers criticize the network for its high inflation rate, often quoting Messari’s statistic that the circulating supply of SOL has risen 13.4% over the past year. Growth of…
Author: Crypto Flexs
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Solana started the year as one of the most promising blockchains, but reports of inflated transaction volumes, high bot activity, and hundreds of millions of dollars paid out each month to network validators have become some of the industry’s most debated topics. Magazine decided to sort out the myths from the facts. Some of the claims are partly true, while others are misleading. Claim: Solana’s inflation rate is too high Some industry watchers criticize the network for its high inflation rate, often quoting Messari’s statistic that the circulating supply of SOL has risen 13.4% over the past year. Growth of…
According to Bitwise CIO Matt Hougan, “Nobody likes Ethereum right now.” Ethereum -0.65% /BTC ratio recently hit a three-year low of under 0.04, but there are plenty of reasons to be concerned, he said, adding that a potential downside move is possible as we head into the year-end.Despite the promising start, the second-largest cryptocurrency by market cap has not had the best year so far, up just 1% so far this year, according to The Block’s Ether Price Page. On the other hand, while the crypto market has struggled over the past six months, Bitcoin is still up 42% in…
Binance’s move to list another Neiro meme coin has caused confusion across the markets. SpotOnChain Discovers 3 Cryptocurrency Wallets That Made Huge Profits on NEIRO KuCoin is listing two NEIRO tokens simultaneously due to rapidly increasing demand. Yesterday, Binance’s surprise listing of Neiro (NEIRO) sent waves of excitement among meme coin traders. Within a day of Binance’s bombshell announcement, NEIRO soared 981%, while its initial listing, Neiro On ETH (NEIRO), plummeted by over 40%.Did Wintermute get his feet wet with the wrong Nairo?The roller coaster ride completely flipped the script on two Ethereum (ETH) coins. Small-cap Neiro token surpassed Neiro…
This article is also available in Spanish. Bitcoin price has started to rise again above the $58,500 resistance level. BTC has climbed back above $60,000 and is struggling to continue its rise again. Bitcoin is recovering its upward momentum from the $61,200 resistance level. The price is trading above $59,500 and the 100 hourly simple moving average. According to data provided by Kraken, the hourly chart of BTC/USD shows a resistance line forming at $60,500, forming a downtrend line. The pair is likely to rally again if it stays above the $59,400 support zone. Bitcoin price recovers to $60,000 Bitcoin…
Timothy Morano 18 Sep 2024 12:12 Binance Futures will be launching KDAUSDT perpetual contracts with up to 75x leverage on September 18, 2024, improving trading options. Binance Futures will expand its trading options by launching the KDAUSDT Perpetual Contract, which offers up to 75x leverage, according to a company announcement. The new contract will be available starting September 18, 2024 at 13:30 (UTC).Details of KDAUSDT perpetual contractThe KDAUSDT Perpetual Contract has a maximum funding rate of +2.00% / -2.00% at launch. The funding fee is settled every 4 hours. Binance noted that the specifications,…
AI-centric Bitcoin Bitcoin +1.51% According to Bernstein Research and Brokerage analysts, miners such as Core Scientific, IREN, and Terawulf have outperformed their “pure-play” competitors in terms of stock price, thanks to their strong conviction in their data center theories, even amidst Bitcoin price volatility.Gautam Chhugani, Mahika Sapra, and Sanskar Chindalia wrote in a note to clients on Monday that AI-driven miners have outperformed due to increased investor confidence in their business model diversification, better valuation multiples, more predictable revenue streams, and greater flexibility in navigating the often volatile Bitcoin market.Analysts said that while the hashrate growth of AI-focused operators may…
A cryptocurrency project that gained traction last year for its iris scanning technology is moving into a new blockchain. According to a new blog post from Sam Altman’s WorldCoin (WLD), the identity-centric project is switching to Solana (SOL) via the Wormhole interoperability platform. “Wormhole Foundation co-founder Robinson Burkey said: “Introducing World ID to Solana is a huge step forward for identity verification. By integrating World ID with Wormhole Queries, developers can now easily build applications that prioritize real users across chains, improving trust in the decentralized ecosystem.” World ID is a decentralized identity protocol for Worldcoin, which aims to create…
Key Points Binance’s Moonbix game leaked before its official launch. The company is working to address user issues caused by the leak and will announce a release date soon. Share this article Binance Customer Support has confirmed that the company will soon be launching a new Play-to-Earn (P2E) game called “Moonbix” available on the Telegram mini app.The statement follows recent rumors that Binance is launching a space-themed game, where players will pilot a spaceship using a claw-shaped controller to collect items like yellow stones and gifts scattered across the galaxy.Several X (formerly Twitter) accounts have posted screenshots of the game,…
Wang Long Chai September 18, 2024 10:21 Binance is launching a new customized Dual Investment for users holding 300,000 USDT or more, offering an additional 10% APR during the promotion period. Binance Earn has announced the launch of a new Bespoke Dual Investment product for users with an equivalent balance exceeding 300,000 USDT. According to Binance, this innovative product allows participants to set their preferred target price and date when buying or selling large amounts of cryptocurrencies, thereby earning additional rewards regardless of market direction. highlights 1. Custom: Users can customize their investments by…