Why is Solanas Dogwifhat (WIF) memecoin crashing?

The WIF price risks declining by another 48% due to the formation of a classic bearish reversal setup.

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Should you buy LUNC after developers lower the burn tax rate?

The Terra Classic contributors within the blockchain have reduced the burn tax, which was applied to all Terra Classic (LUNC) transactions.

Terra Classic is essentially the original Terra (LUNA/USD) coin which was left behind following the launch of the new Terra chain after its collapse.

In the latest Terra news, the contributors behind Terra Classic adjusted the tax burn rate from 1.2% down to 0.2% due to the previous rate being considered to prompt a drop in activity within the network.

This updated rate came into force at 8:50 A.M. ET after the community approved the governance proposal known as “Proposal 5234” and decreased the number of tokens burned with each transaction.

This will likely lead to much higher network activity and can contribute to the growth in the value of the LUNC cryptocurrency.

The 1.2 burn tax aimed to improve LUNC’s tokenomics; however, it disincentivized usage and shrunk the on-chain activity. It drove down the transaction volume by 91.67% based on estimates from core contributors. 

On October 20, 2022, Luna Classic (LUNC) had a value of $0.00025025.

LUNC/USDT Chart by Tradingview.

The all-time high of the Luna Classic (LUNC) cryptocurrency was on April 5, 2022, when it reached a value of $119.18. Here we can see that the cryptocurrency is currently $119.17 lower in value than its all-time high point. 

When we review its weekly performance, Luna Classic (LUNC) had its 7-day low at $0.00024346, while its 7-day high was at a value of $0.00028844. This gives us an indication that the cryptocurrency is increasing in value, with an increase of $0.00004498 or by 18%.

When we take a look at its 24-hour performance, its low point was at $0.00024507 while its high point was at $0.00025578. This marks another 4% increase, or by $0.00001071.

With this in mind, investors might want to buy LUNC as it can climb to $0.0004 by the end of October 2022.

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Uniswap raises $165M in series B funding, should you buy UNI now?

One of the most popular decentralized exchanges (DEX), known as Uniswap (UNI/USD) has successfully managed to raise $165 million in a Series B funding round.

The crypto-focused investment company known as Polychain Capital raised this funding initiative. 

Uniswap is an automated cryptocurrency exchange built on top of Ethereum (ETH/USD) that features its own native cryptocurrency, known as UNI.

On October 13, 2022, Uniswap published a press release where the decentralized exchange confirmed the completion of a Series B funding round, which raised $165 million. 

These secured funds have a valuation of $1.66 billion.

The funding initiative was led by Polychain Capital and saw the participation of other notable venture capital firms, such as Andreessen Horowitz (a16Z), Paradigm, SV Angel, and Variant investments.

The DEX aims to use the secured funds to boost the web application and developer tools, launch non-fungible tokens (NFTs), and even support mobile users.

Furthermore, Uniswap believes these innovations can push its ecosystem further.

All of this has boosted the interest in the platform, native cryptocurrency, and overall ecosystem, which has resulted in an increased value and trading volume.

On October 14, 2022, Uniswap (UNI) had a value of $6.286.

UNI/USD Chart by Tradingview. 

The all-time high for the Uniswap (UNI) cryptocurrency was on May 3, 2021, at a value of $44.92. Here we can see that the token was trading $38.634 higher in value, or by 614% at its ATH.

When we go over the 7-day performance of the cryptocurrency, Uniswap (UNI) had its 7-day low at $5.57, while its 7-day high was at $7. Here we can see an increase of $1.43 or 25%.

When we go over the 24-hour performance of the token, we can see that its 24-hour low was at $5.45, while its high point was at $6.51. Here we can see an increase of $1.06 or 19%.

With this in mind, UNI can reach a value of $8 by the end of October 2022, which means that buying UNI is a solid option for investors, especially after this funding round.

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Near Protocol partners with Google Cloud, should you buy it?

Near Foundation made an announcement that they have partnered up with Google Cloud. 

The goal of this partnership is for the companies to provide technical support to Near Grant recipients through the process of providing infrastructure for Near’s Remote Procedure Call node provider to Pagoda.

Near Protocol (NEAR/USD) is essentially a decentralized application (dApp) that focuses on usability between developers and users, where it leverages sharding as a technology for scalability.

It also enables smart contract functionality and utilizes the Proof-of-Stake (PoS) consensus mechanism.

Pagoda launched in February of 2022 as a startup platform that enables Web3 developers that build on top of the Near Protocol access to a full-stack toolset, through which they can build, launch and maintain Web3 projects and dApps.

Based on an announcement published on October 4, the Near Foundation has established a strategic partnership with Google Cloud to enable Near Protocol users access to technical support. 

Any Near grant recipients will receive an infrastructure for Near’s Remote Procedure Call node provider to Pagoda.

This will ultimately drive the development of Near Protocol further and add an additional level of utility for the NEAR cryptocurrency.

On October 6, 2022, NEAR Protocol (NEAR) had a value of $3.66.

NEAR/USD Chart by Tradingview.

The all-time high of the NEAR Protocol (NEAR) was on January 16, 2022, at $20.44.

When we go over the weekly performance, NEAR Protocol (NEAR) saw its low point of value at $3.44, while the high point was at $3.75. Here we can see an increase of $0.31 or 9%.

Regarding 24-hour performance, NEAR Protocol (NEAR) experienced a low value of $3.56, while its high value was $3.76. This indicates an increase of $0.2 or 5%.

This essentially means that at $3.66, NEAR represents a solid buying opportunity for investors as it can climb to $4 by the end of October. 2022, fueled by the partnership with Google Cloud.

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Should you buy Nexo after it acquired a stake in US Bank?

Nexo has acquired a stake in the bank holding company that owns Summit National Bank, which is the US federally chartered bank regulated by the Office of Comptroller of the Currency.

Nexo is a blockchain-based platform that offers a FIAT on-ramp for numerous cryptocurrencies and is a cryptocurrency exchange that offers crypto-backed loans.

Nexo (NEXO/USD) features its own native cryptocurrency, which, once locked in the platform, gives users access to numerous benefits, including discounts on interest accumulated on loans as well as the opportunity to get interest payments on deposited funds.

Summit National Bank, a subsidiary of Hulett Bancorp (DBA Mode Eleven), is making a move towards becoming a modern digital FinTech bank, and Nexo has become the preferred digital asset partner.

In the latest Nexo news, Nexo acquired a stake in the bank holding company that owns Summit National Bank, based on an official announcement made by the company on September 27, 2022.

This deal has established Nexo’s US presence and has enabled the digital assets platform to open bank accounts with the Summit National Bank and enhance lending and card products that will leverage the bank’s decade-long track record of excellence when it comes to regulatory compliance. 

On September 28, 2022, Nexo (NEXO) had a value of $0.87235.

NEXO/USD Chart by TradingView.

The all-time high of the NEXO cryptocurrency was on May 12, 2021, at a value of $4.07. Based on this, we can see that the cryptocurrency has decreased and is trading at $3.19765 under its all-time high, or 78% lower.

When we go over its weekly performance, the 7-day low of Nexo (NEXO) was at $0.862743, while the 7-day high was at $0.982966. Here we can see an increase of $0.120223 or 14%.

However, when we take a look at its 24-hour performance, Nexo (NEXO) had its low point at $0.871526, while its high point of value was $0.952525. This gives us an indication of an increase of $0.080999 or by 9%.

With all of this in mind, at $0.87235, investors might want to buy Nexo as it can climb to $1.2 by the end of October 2022.

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Should you buy ATOM as Cosmos Hub released the ATOM 2.0 whitepaper?

The ATOM 2.0 whitepaper was released on September 26, 2022, that outlined numerous new changes to the tokenomics as well as additional features for the Cosmos (ATOM/USD) Network.

Cosmos is an ecosystem of interoperable and sovereign blockchain applications and services, while ATOM is the cryptocurrency that powers an entire ecosystem of blockchains, which are purpose-built to scale and interoperate with one another.

In the latest Cosmos news, one of the most highly-anticipated updates within the Cosmos ecosystem, known as the ATOM 2.0 whitepaper, was released following a series of speeches from the co-founder of Cosmos, Ethan Buchman, the co-founder of Osmosis, Sunny Aggrawal, and the co-founder of Iqlusion, Zaki Manian at Cosmoverse.

This 27-page document which is titled “The Cosmos Hub,” was penned by Buchman, Manian as well as eight other figures within the community.

It outlines new tokenomics, as well as a suggestion for the implementation of multiple new features across the broader ecosystem.

The monetary policy proposed here is in two steps; a 36-month-long transitional phase will be introduced.

Here, 10 million ATOM would get issued on a monthly basis, and the issuance rate would then decrease until reaching emissions of 300,000 ATOM per month, which would bring the inflation rate down to 0.1%.

The three new features include The Interchain Scheduler, The Interchain Allocator, and the Governance stack as well. 

On September 27, 2022, Cosmos (ATOM) had a value of $14.337.

ATOM/USD Chart By TradingView.

The all-time high of the Cosmos (ATOM) cryptocurrency was on January 17, 2022, when it reached a value of $44.45. Here we can see that at its ATH, the token was trading $30.113 higher in value or by 210%.

When we go over its weekly performance, Cosmos (ATOM) had its low point at $13.15, while its high point was at $15.50. Here, we can see an increase of $2.35 or 18%.

Its 24-hour performance is also similar, with a low point at $13.82 and a high point at $14.81. This marks an increase of $0.99 or 7%.

Looking at the chart, we can see that Cosmos (ATOM) started April at a value of $31.87 and gradually decreased to $18.08 and $14.33.

With this in mind, investors might want to buy ATOM at $14.337, as with the whitepaper and recent developments, it can climb to a value of $18 by the end of October 2022.

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Cardano Vasil hard fork upgrade process begins, should you buy ADA now?

The Cardano Vasil Hard fork happened on Thursday, September 22. However, it will finalize once five days pass, on September 27, based on an official announcement by Input Output HK, the developers of Cardano.

Cardano (ADA/USD) is a Proof-of-Stake (PoS) blockchain platform that was founded on peer-reviewed research and was developed using an evidence-based methodology.

Numerous decentralized applications (dApps) that aid in decentralized finance (DeFi) have been developed on top of the network, and even non-fungible tokens (NFTs).

When we look at the most recent Cardano news, on September 22, 2022, Input Output HK posted an official explanation surrounding when a hard fork actually occurs and what it actually means.

In a traditional sense, a hard fork means that the current protocol will stop operating as new rules as well as changes get implemented, where the chain restarts.

With Cardano, hard forks are a bit different, as it utilizes the Hard Fork Combinator (HFC) technology to ensure that it can transition to a new protocol version without interrupting or restarting the system.

This way, the Cardano protocol can deal with the old rules and the new ones, and after it is forked, the new rules will be used, and the history of the previous blocks will get fully preserved. 

This means there will not be any chain restart or splitting, and nodes can gradually upgrade, while one history is maintained for all upgrades.

Charles Hoskinson, the co-founder of Cardano and the CEO at Input Output HK, described it as the hardest upgrade the developers have done since the project originally began in 2017.

It will take approximately five days to complete, starting from September 22 to September 27.

On September 23, 2022, Cardano (ADA) had a value of $0.4580.

ADA/USD Chart By TradingView

To get a better perspective as to what this value point indicates for the overall value as well as the future of the ADA cryptocurrency, we will be taking a look at numerous price points throughout its historical performance.

The all-time high of the Cardano (ADA) cryptocurrency was on September 2, 2021, at a value of $3.09. This means ADA is currently trading $2.632 under its all-time high, or 85% lower.

When we go over its 24-hour performance, Cardano (ADA) had its lowest point of value at $0.446323, while its highest point of value was at $0.477605. This is a difference of $0.031282 or 7%.

Looking at how ADA performed in the span of the last seven days, which will give us a closer indication as to what we can expect in the next four days, we can see that its lowest point was at $0.434967, while its highest was at $0.489312. 

Here, we can see a difference of $0.054345 or 12%.

At a value of $0.4580, Cardano (ADA) represents a solid buying opportunity, as investors might want to buy ADA before it climbs to $0.6, which it can reach by the end of September.

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Ethereum Classic’s hashrate reached an all-time high, should you buy ETC?

Ethereum Classic (ETC/USD) is essentially an open-source, decentralized, and blockchain-based distributed cryptocurrency and network that has support for smart contract functionality.

Ethereum Classic was formed in 2016 as a result of the Ethereum community’s disagreement regarding a change with the developers surrounding its immutability, where the entire network was affected.

The original blockchain was split into two networks, Ethereum Classic (ETC) and Ethereum (ETH/USD), making Ethereum Classic a hard fork of Ethereum. 

ETC is the native cryptocurrency of the network that fills the role of maintaining and operating it.

The main way through which ETC stands out is because it will not switch to Proof-of-Stake (PoS), becoming appealing for miners who are looking for an alternative network where they can mine cryptocurrencies.

On August 21, 2022, at 02:00:00 GMT, the hashrate of the Ethereum Classic (ETC) network reached 38.1787 TH/s, based on data from CoinWarz.

On August 17, 2022, the hashrate was at 27.0201 TH/s, which gives us an indication that the Ethereum Classic hashrate has increased by 41.3% in the span of 4 days.

Source: CoinWarz

This level of growth signifies that miners are looking for alternatives to Ethereum (ETH), as that blockchain specifically will make a move to a Proof-of-Stake (PoS) consensus mechanism, after which miners will need to mine other cryptocurrencies that are still sticking to Proof-of-Work (PoW).

On August 22, 2022, Ethereum Classic (ETC) had a value of $31.53.

To get a better perspective as to what kind of value point this represents for the ETC cryptocurrency, we will be taking a look at its performance in July, as well as its all-time high point of value.

Taking a look at its all-time high point of value, Ethereum Classic (ETC) reached a value of $167.09 on May 6, 2021.

When we go over its performance throughout the previous month, Ethereum Classic (ETC) had its lowest point of value on July 13 at $13.55.

Its highest point of value was on July 29, when it reached a value of $44.1. Here we can see that it increased in value by $30.55 or by 225%.

With this in mind, investors might be interested in buying ETC based on its historical growth, as we can expect it to reach $35 by the end of August 2022.

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Should you buy Stepn after Atlético de Madrid and WhaleFin collaboration?

Stepn (GMT/USD) is a move-to-earn application that utilizes GameFi and SocialFi elements as a means of encouraging users to earn points based on the distance that they run.

All of this is tracked through the utilization of a GPS, where for their efforts, they receive rewards in crypto tokens.

The rewards are credited to a user’s wallet in the form of a Green Satoshi Token (GST/USD), where different sneakers return GST at different rates.

The GNT cryptocurrency is the Solana (SOL/USD) based token that governs Stepn and can be used for the payment of digital items and upgrades, alongside having staking and voting utility on the future changes to the platform.

On August 18, 2022, the web3 lifestyle application Stepn announced that they would release a non-fungible token (NFT) sneaker collection in collaboration with Atlético de Madrid and WhaleFin.

This will enhance the utility for both Stepn users as well as soccer fans, as these will be NFT sneakers compatible with the app’s run-to-earn game.

The ownership of these NFTs will also provide exclusive access to physical Atlético de Madrid merchandise, in-person matches, and WhaleFin airdrops.

This will ultimately boost interest in the Stepn app and the GMT cryptocurrency.

On August 19, 2022, Stepn (GMT) had a value of $0.8182.

To get a better perspective as to what this value point represents for the future of GMT, we will go over its all-time high, as well as its performance throughout July.

Stepn (GMT) had its all-time high on April 28, 2022, at a value of $4.11.

When we go over the performance of the token throughout the previous month, Stepn (GMT) had its lowest point of value on July 2 at $0.7736.

Its highest point of value, however, was on July 19 at $1.1331. Here we can see an increase in value of $0.3595 or 46%.

As a result of this partnership, investors might consider buying the GMT cryptocurrency, as we can expect it to reach a value of $1.2 by the end of August 2022.

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Should you buy Chainlink (LINK) after the announcement of PoS transition

Chainlink (LINK/USD) features decentralized oracle networks that provide tamper-proof inputs, as well as outputs and computations to support advanced smart contracts on just about any blockchain.

LINK is the native cryptocurrency that is used to help finance the growth of the overall project. 

Chainlink is typically utilized as a means of providing real-world data to smart contracts and bring it to the blockchain.

Through an official announcement, the Chainlink (LINK) protocol said that it would not support any forked version of the Ethereum blockchain.

This means that any Proof-of-Work (PoW) forks of Ethereum will not be supported by Chainlink post “The Merge ”, which is the latest upgrade to the Ethereum (ETH/USD) network. 

The protocol has aligned itself with the Ethereum Foundation and the Ethereum community’s decision.

This means that it will provide its services to Ethereum during and after the Merge; however, Chainlink will transition all of its Ethereum operations from the Proof-of-Work (PoW) consensus mechanism to the Proof-of-Stake (PoS) consensus mechanism.

Furthermore, in the announcement, Chainlink advised Ethereum developers as well as decentralized application (dApp) teams to develop their smart contract operations accordingly as a means of avoiding future mishaps. 

On August 9, 2022, Chainlink (LINK) had a value of $8.488.

To get a better perspective as to what kind of value point this is for the LINK cryptocurrency, we will be going over its ATH, as well as its performance throughout the previous month. 

The all-time high of the Chainlink (LINK) cryptocurrency was on May 10, 2021, at a value of $52.70.

When we go over its performance throughout the previous month, we can see that Chainlink (LINK) had its lowest point of value on July 13 at $5.8256. Its highest point of value was on July 30 at $8.1747.

Here we can see an increase in value of $2.3491 or by 40%.

With this in mind, we can expect the LINK cryptocurrency to reach $12 by the end of August 2022.

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Should you buy DASH in August 2022?

DASH/USD has advanced from $40.73 to $54.62 since the beginning of July 2022, and the current price stands at $49.84.

The current price represents a good entry point for long-term investors, and if the price jumps above the resistance level that stands at $60, the next target could be $70.

Dash is an open protocol that enables anyone, anywhere in the world, to make instant and cheap payments without going through a central authority. Dash is secured by strong cryptography and is based on a decentralized peer-to-peer network.

Dash offers a safe and user-friendly payment method without barriers, and it is important to say that Dash solves two of Bitcoin’s biggest problems: the speed of transactions and the lack of privacy.

Transactions with Dash are visible to the entire network in under 1.5 seconds, while this cryptocurrency cannot be traced, and the coin’s history cannot be accessed.

Low fees and instant transactions make Dash the preferred method of payment, and because of this, it is accepted globally by businesses of all shapes and sizes.

Dash is used around the world as a practical alternative to credit cards, and it is especially popular in regions where technical access barriers exist to traditional payment systems.

This open protocol does not face problems with bank holidays, exchange rates, bureaucracy, or hidden fees, and it is not under the control of any single entity.

DASH’s price has skyrocketed since January 2021 and reached levels above $490 on 7th May. Since then, the price has collapsed, but the current price represents a good entry point for investors who are more prone to risk.

The cryptocurrency market is advancing this trading week, supported by the news that the U.S. economy was not in recession despite output slumping in the first half of the year.

The U.S. services industry unexpectedly picked up in July amid strong order growth while supply bottlenecks and price pressures eased.

The important resistance level for DASH stands at $60, and if the price jumps above this level, it would be a signal to trade this cryptocurrency, and the next target could be $70.

The strong support level stands at $40, and if the price falls below it, the next price target could be at $35.

The cryptocurrency market has been advancing last several days, Bitcoin has stabilized above $23000, and this situation also positively influences the price of DASH. The important resistance level for DASH stands at $60, and if the price jumps above this level, it would be a signal to trade this cryptocurrency, and the next target could be at $70.

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Should you buy SafePal (SFP) in July 2022?

SafePal (SFP) has weakened from $1.37 to $0.18 since March 31, 2022, and the current price stands at $0.31.

The cryptocurrency market is losing its value this Thursday, Bitcoin has weakened below $19000, and according to Edward Moya, senior market analyst at Oanda, we can see new lows for the cryptocurrency market.

SafePal is a hardware wallet that provides a secure and user-friendly crypto management platform for the masses. This project was established in 2018, and it solves the real pain points in day-to-day crypto management.

SafePal aims to make crypto simple for everyone and enables its users to manage, trade, swap, and grow their crypto wealth without compromising asset security.

It supports 33 blockchains and 30,000+ tokens for now, while the three main products of this project are  SafePal S1, SafePal Cypher, and SafePal Leather Case.

SafePal is the first hardware wallet invested and backed by Binance, and it is currently serving more than three million users through its unique hardware and software wallet product lines.

The team behind this project consists of a group of experts with more than 15 years of experience in hardware, software, and cybersecurity who are continuously working on new features and upgrades.

Many projects already collaborate with SafePal, and the most popular ones include Harmony, Litecoin, Neo, Ripple, Polygon, Polkadot, Dash, Dogecoin, and Zcash.

Stephen Tse, the founder of Harmony, said that he is impressed with SafePal, while Forbes reported that SafePal is perfect for DeFi traders.

SafePal is a project with a bright future, but in the short term, the outlook for this cryptocurrency remains bearish because there is great uncertainty around the cryptocurrency market.

Cryptocurrencies have been suffering from heavy selling due to hawkish signals from central banks, and investors are worried that an aggressive monetary policy could tip the economy into recession. Edward Moya, the senior market analyst at Oanda, said:

We could see new lows for the cryptocurrency market in the weeks ahead; extreme volatility and a lack of liquidity have made it increasingly difficult for large-scale crypto investors to continue holding onto their holdings. As a result, they’ll be forced to close their positions because they don’t have enough collateral.

SafePal (SFP) is currently down more than 70% from the highest price level in 2022, and if you decide to buy this cryptocurrency in July 2022, you should consider that the price can weaken even more.

SafePal (SFP) currently trades around the $0.31 level, but it would be a strong sell signal if the price falls below $0.25. The next price target could be at $0.20 support or even below; still, if the price jumps above $0.60, we have the open way to $0.80.

SafePal is a project that was established in 2018, and it has the most secure and easiest-to-use wallet for the crypto masses. The cryptocurrency market is losing its value, the price of SafePal (SFP) can weaken even more in the upcoming days, and probably it is not the best moment to buy this cryptocurrency.

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Matic jumps 25% after strong whale accumulation, should you buy?

Polygon MATIC/USD is an Ethereum scaling solution specifically developed to enable developers to build different applications on top of it.

It utilizes the Polygon SDK as a means of providing a modular framework that can support a lot of different decentralized applications (dApps).

Furthermore, by utilizing Polygon (MATIC), developers can take advantage of technologies such as rollup chains, ZK rollups, stand-alone chains, and others.

MATIC is the native cryptocurrency that can be used to secure the system and enables governance functionality.

We covered how MATIC increased in utility and value after the Spritz Finance bill beta launch, which lets users pay for their bills through the usage of the cryptocurrency on June 15, 2022.

On June 22, 2022, Polygon made an announcement that they are launching the first iteration of what is known as “Polygon ID,” which is essentially a private and self-sovereign identity solution that is powered by zero-knowledge cryptography.

Polygon ID will enable a whole host of features that were inaccessible to decentralized autonomous organizations (DAOs).

With this technology, users have the ability to control the disclosure of selective identity information. Alongside that, Polygon ID also facilitates the possibility for fully private as well as verifiable reputation building.

This solution combines the Iden3 protocol and Circom ZK toolkit, which creates the most powerful application of ZK technology which is able to run through a mobile device.

The addition of Polygon ID could result in an increase in the overall utility and value of the MATIC cryptocurrency.

On June 23, 2022, Polygon (MATIC) had a value of $0.4948.

To learn how far this token can go further up in value, we will go over its all-time high, as well as its performance throughout the previous month. 

Polygon (MATIC) reached its highest value on December 27, 2021, with a value of $2.92

When we take a look at May’s performance,  Polygon (MATIC) had its highest point of value on May 5 at $1.1832. Its lowest point was on May 12 at $0.5406. 

What this means is that we can see a decrease in value of $0.6426 or 54%.

With its recent increase in value in mind, we can expect the MATIC token to climb its way to $0.8 by the end of June 2022 if it keeps up with this bullish run.

However, if the cryptocurrency decreases under the $0.4 price point, then it might be worth reconsidering.

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