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Messages - EAA-ALLAH

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46
Ethereum Forum / Re: When Will Ethereum Double?
« on: October 14, 2021, 11:18:38 AM »
Ethereum Allready has pumped a lot. We can see that Ethereum is currently priced at around 3700$. However, if the price of Bitcoin is one million dollars, the price of Etherium will definitely exceed 15 to 20 thousand dollars. Hopefully soon the price will be 15 to 20 thousand dollars.

47
If you look at it for some time, you can see that Bitcoin has started to grow a lot. Currently, the price of Bitcoin is between 57 thousand and 58 thousand dollars. Many have targeted Bitcoin by 2021Will be worth a million dollars. But of course I think the price of Bitcoin could be in the range of 70 to 80 thousand dollars in 2021.

48
Solana Forum / Re: SOLANA can overtake Cardano?
« on: October 14, 2021, 08:18:54 AM »
Solana was not popular at one time but for some time now I have seen that Sohana has become very popular. Although Solana Even after many popular Cardano Much ahead in terms of popularity. At ADA it is far ahead in terms of market cap volume.

49
Cryptocurrency discussions / Re: China is a non-factor
« on: October 14, 2021, 07:57:25 AM »
We have been seeing for some time now that China has imposed a one-time ban on this bitcoin. After a while, Tarai makes good news. When they When the bad news was published, the price of Bitcoin went down a lot. They took the opportunity to buy Bitcoin. And later they sell this bitcoin again with a good news.

50
DeFi tokens / KAVA Protocol- Expanding The Boundary Of DeFi
« on: October 13, 2021, 03:09:50 AM »
Kava is a cross-chain DeFi platform that offers an integrated ecosystem of stablecoin minting. It collateralized loan service on various crypto assets, including $BTCB, $BUSD, $XRPB, $BNB, $KAVA, and $HARD. The platform is built on Kava Chain, which is built on the Cosmos SDK. Kava offers a decentralized and censorship-resistant blockchain.
KAVA Protocol is open-sourced, fully audited, and secured that guarantees safety to user funds in the long run. The KAVA platform allows users to connect with the Trust wallet and Ledger.

Also, users can transfer BEP-2 and KAVA tokens into the KAVA chain. Therefore, KAVA is a DeFi platform that operates with the most prominent financial institutions like Binance, Huobi, Kraken, OKEX, etc. Source

51
The IoTeX platform is not built on Ethereum but is completely compatible with the Ethereum Virtual Machine. That means that both ioTube and IoTeX work seamlessly with other chains.

The legacy finance dam is about to break. When it does, the flood of retail investors and institutional money will rush into DeFi platforms like ioTube that is powered by IoTeX. These DeFi applications are poised to submerge legacy financial institutions in a sea of more attractive alternatives and ioTube is leading the way.

The IoTeX Blockchain – Reaching Critical Mass
IoTeX is a platform whose mission is to enable a borderless ecosystem where humans and machines can interact with guaranteed trust, free will, and privacy. The team and their partners are building a future where users, not institutions, are in complete control of their devices and data. In addition to working on IoT (Internet of Things), IoTeX is also building a robust ecosystem of DeFi (Decentralized Finance) applications that allow for transactions across different blockchains, for swapping cryptocurrency tokens, minting NFTs, Supply Chain tracking, Decentralized Identity, and much more. This ecosystem is rapidly growing as can be seen by the steady increase in transactions on their blockchain.

According to LunarCrush, a leading source of information and analysis of crypto investors, funds, and exchanges, over the past 12 months:

The price of $IOTX (the native token of IoTeX) increased by roughly 1,000%
Social Engagement has grown over 1,015,873%. Yes, 1,000,000% percent growth in social awareness and engagement year over year. source

52
DeFi tokens / XDEFI Releases Cross-Chain Wallet for DeFi, NFTs
« on: October 13, 2021, 03:06:02 AM »
XDEFI Wallet, which last month raised $6 million, has released a rival to MetaMask that was built with decentralized finance (DeFi) and non-fungible tokens (NFTs) in mind and allows users to interact across multiple blockchains.

The wallet, available as an extension for the Chrome web browser, will look to challenge MetaMask, the non-custodial wallet that in August said it had more than 10 million active users.
XDEFI offers access to chains such as THORChain and Terra and aims to allow users to move between protocols easily and automatically add new chains. Support for the Arbitum, Avalanche and Solana blockchains will be added in due course, XDEFI said Tuesday.
The wallet also offers automatic detection of NFTs and a drag-and-drop NFT display grid.
Features of the wallet include using proprietary gas algorithms to give users a speed boost when the network is more congested.
The London-based company’s September funding round was led by Alameda Research, Animoca Brands and Sino Global.
The release of the wallet coincides with crypto exchange Crypto.com unveiling a web browser extension that allows users to connect DeFi wallets with decentralized apps. Crypto.com supports the Ethereum blockchain and the Cronos testnet, with support for the Cronos mainnet and other networks to follow soon, according to an announcement Tuesday. source

53
Decentralized finance (defi) has swelled quite a bit this year and on October 5, the total value locked (TVL) in defi protocols crossed the $200 billion mark. Since January 1, the defi TVL across various blockchains has risen almost 855% from $21.4 billion to today’s $204 billion.
Total Value Locked in Defi Jumps Over the $200 Billion Handle, Ethereum TVL Commands 69% Dominance
The total value locked (TVL) in defi today has jumped nearly ten times higher than the value at the beginning of 2021. On October 5, 2021, the TVL in defi surpassed the $200 billion handle for the first time and the value has remained above $200 billion during the last seven days.
Statistics from defillama.com indicate that the defi protocol Curve has the largest dominance with $15.94 billion, up more than 7% over the last week. Curve’s dominance is 7.80% on Tuesday and it interacts with six different crypto networks including Avalanche, Ethereum, and Polygon.Metrics show that Aave, Makerdao, and Wrapped Bitcoin (WBTC) command the third, fourth, and fifth positions in terms of defi TVL dominance. Aave commands $14.87 billion on Tuesday while Makerdao holds $13.48 billion, and WBTC captures $11.99 billion in value.
Between Curve, Aave, Makerdao, and WBTC all four defi protocols have $56.28 billion worth of the aggregate TVL, which is 27.53% of the entire TVL today. The entire $204 billion is across blockchain protocols like Ethereum, Solana, Avalanche, Polygon, Fantom, Terra, Arbitrum, Binance, Celo, and Harmony. source

54
Risks such as flash loan exploits, hacks, and stablecoin de-pegging are a serious deterrent for DeFi adoption. Now Steady State is seeking to push DeFi out of the “fear zone” by insuring funds held on decentralized protocols.

Insurance for DeFi
Steady State is launching a comprehensive insurance solution for decentralized finance (DeFi). The project shifts responsibility from individual users, and the protocol holding the underlying assets, and transfers that responsibility to Steady State insurance. Theoretically, this should allow all parties to sleep more soundly at night.

Decentralized finance in its current form can never fully realize its potential: the risks from flash loan exploits, hacks, and stablecoin de-pegging mean that a large swathe of potential investors will simply never venture into the market. Any cursory examination of the sector makes it easy to understand why that is.

A single flash loan attack in February of this year drained $37 million from C.R.E.A.M. protocol tanking the price of its native token by 30% in half an hour. In May, flash loan exploits on a single chain, Binance Smart Chain, totalled $167 million. These sorts of reports effectively place a handbrake on the market, slowing its growth and making bigger investors and institutions turn away.

Without the additional safety that an insurance solution such as Steady State can provide, the growth of the sector will always remain underwhelming. source

55
DeFi tokens / DeFi’s Bullish Outlook Surpassed Blockchain and NFTs
« on: October 12, 2021, 03:02:38 AM »
Decentralized Finance (DeFi) is now emerging at a lightning speed providing the users to experience digitized financial services. Through this, DeFi’s contribution is expanding resulting in a rise in the crypto market capitalization. Grabbing the attention of the users into the digital space, DeFi is now incredibly succeeding the crypto market
Recent times, non-fungible tokens (NFTs) and Blockchain technology were in trend evolving around the town. Besides, NFTs had a great power representing anything to digital which scored a massive hike in the market. And NFTs and blockchain were some of the trending subjects in the crypto industry.
But, now DeFi increased its Total value locked (TVL)  more than 80% reaching $200B surpassing both NFTs and Blockchain crypto trends.source

56
It was a week of ups and downs for the Solana ecosystem as the $SOL price dropped by 8.5% in the seven days and was trading at USD 154.76.
However, Solana recorded new heights as the market cap of NFTs on the network surpassing USD 1 billion. Also, the Solana ecosystem continues to add projects and is gaining attention among institutional investors. Here are the Top Solana updates from the Solana ecosystem.

1 – Solana is the Netflix of Cryptocurrency
The first of the Top Solana updates is the remarkable development of the Solana ecosystem has led popular analysts to describe Solana as the Netflix of cryptocurrencies. During his appearance on the Business Breakdown podcast, Kyle Samani, co-founder and managing partner at Multicoin Capital, compared Solana to Netflix.
According to Samani, Solana’s interoperability is higher than Algorand’s, making it a superior blockchain network.Source

57
On paper, huge rewards look spectacular. Deposit some crypto, and in exchange, get a reward after a set period. Yield farming is basically locking up funds using a decentralized application (dApp), which will, in turn, lend that crypto for a return rate.
Of course, there are all kinds of risks involved, as the smart contract might have a breach, the pricing oracle might be tricked, or the operation itself goes bust because of a design flaw. Generally, the higher the risks, the bigger the returns.
Decentralized Finance (DeFi) has grown to a $100 billion mammoth, up from $15 billion by the beginning of 2021. Yield farming became an integrated part of this ecosystem, as almost every application needs depositors to provide liquidity or trade those funds on other platforms.
Staking is the most simple and popular form to generate a yield. For example, most Proof-of-Stake chains offer a reward for users that lock up their coins and delegate a validator. That includes Cardano, Solana, Polkadot, and EOS, to name a few.Source

58
Axie Infinity and Rigel Protocol Launch “Squid Game” meme competition and SingularFarm now on Fantom Chain.The Decentralized Finance (DeFi) space have continued to attract the attention of crypto enthusiast worldwide.
To keep our readers informed, we had compiled a list of some of the top 10 DeFi updates last week. These top DeFi updates include WOO Network strategic partnership with Perpetual protocol and Kava Labs partnership with CertiK.1. WOO Network Partners With Perpetual Protocol
Last week, WOO Network announced a strategic partnership with Perpetual protocol. Therefore, the association aims to introduce institutional liquidity to the Perpetual protocol. Also as improving on-chain derivatives trading for the WOO network.Source

59
Chiliz (CHZ) has been increasing at a slow pace since the end of May. It is currently approaching the first of two major resistance levels, a breakout above which could trigger a sharp upward movement.Near Protocol (NEAR) is attempting to initiate a reversal at the previous all-time high level and has broken out from a short-term corrective pattern
While Terra (LUNA) reached an all-time high price on Oct 4, it has broken down from its structure, putting its bullish trend in doubt.CHZ
CHZ has been increasing alongside an ascending support line since May 23. As long as the support line is intact, the trend is bullish and increasing at the rate of the line.
The bullish trend is also supported by technical indicators, more specifically the MACD and RSI.
The MACD is increasing and has nearly crossed into positive territory. The indicator is created by a combination of short- and long-term moving averages (MA), and the reading means that the short-term trend is gaining on the long-term one, but has yet to surpass it. source

60
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