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VC Spectra’s Remarkable Presale: A Concern for Cosmos & TRON?

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As of August 13, Cosmos (ATOM) continued on a bearish streak, while TRON (TRX) showed signs of recovery. As analysts explore both coins’ contrasting movements, a new player, VC Spectra (SPCT), emerges. VC Spectra (SPCT) impressed investors by raising $2.4 million in its private sale. 

So before talking about Tron’s (TRX) and Cosmos’ (ATOM) price movement, let’s talk more about VC Spectra (SPCT).

>>BUY SPCT TOKENS NOW<<

VC Spectra (SPCT) Soars Despite Market Volatility

VC Spectra (SPCT) is a decentralized hedge fund bridging the gap between fintech and blockchain. The platform uses clever trading strategies and artificial intelligence to identify lucrative investment prospects. VC Spectra (SPCT) users benefit from monthly and quarterly dividends along with its token appreciation. 

The SPCT token is a BRC-20 token with a deflationary burn mechanism that increases its value by decreasing its circulation over time.

The platform has shown tremendous gains over its presale stages. As VC Spectra (SPCT) progressed from Stage 1 to Stage 2 of its presale, investors witnessed a tremendous surge of 37.5% from $0.008 to $0.011. As VC Spectra (SPCT) gears towards Stage 3, those users who invested in Stage 1 will benefit from a whopping 212.5% gain. Investing now, in turn, translates into 127.27% returns.

If you want the best returns for your investments, head over to VC Spectra (SPCT) now to avail its limited-time promotion of a 25% bonus on all deposits. Wait no more, as time literally costs money in this scenario.

Let’s see if Cosmos (ATOM) offers similar value.

>>BUY SPCT TOKENS NOW<<

Cosmos (ATOM) Struggles to Gain Traction

On August 11, Cosmos (ATOM) announced that its Cosmos Hub is to undergo a v11 upgrade on August 16, 2023. This upgrade enhances Cosmos’ (ATOM) functionality and deals with some of its current limitations. In the long run, this move will benefit Cosmos (ATOM) by boosting its user base and by increasing cash inflows.

However, despite the positive news, Cosmos (ATOM) struggled to climb in value. In fact, following the news, Cosmos (ATOM) showed a minuscule downward fluctuation. Between August 11 and August 13, Cosmos (ATOM) remained stable, hovering over the $8.45 mark. Like its price, Cosmos’ (ATOM) market cap remained stable, hovering over the $2.9 billion mark.

Even though Cosmos (ATOM) didn’t exhibit notable downward movement in the short term, it had plunged a whopping 30.7% from $11.890 to $8.240 since August 13, 2022.  Furthermore, as of August 13, 2023, Cosmos’ (ATOM) EMA 200 and SMA 50 signaled towards strong bearish movement, which is likely to persist. Therefore, investors may want to avoid Cosmos (ATOM) for now.

Conversely, TRON (TRX) exhibits a completely opposite scenario.

TRON (TRX) Recovers Ahead of Collaboration

Between July 13 and August 13, TRON (TRX) exhibited substantial depreciation of 5% from $0.0816 to $0.0775. This negative movement can be attributed to the broader negative sentiment surrounding crypto and declining investors’ confidence. Furthermore, as of August 13, TRON’s (TRX) STOCH levels pointed towards the potential for bearish movement.

However, TRON (TRX) seemed to recover despite these negative indicators. On August 10, Huawei announced its Web 3.0 Node Engine will support Ethereum and TRON (TRX). Following this news, TRON”s (TRX) price increased modestly by 1.4% from $0.0736 to $0.0774 between August 10 and August 13. This price appreciation was accompanied by a similar 1.3% increase in market cap from $6.83 billion to $6.92 billion during the same time.

Moreover, as of August 13, TRON’s (TRX) ADX and ATR levels indicated strong bullish movement. Therefore investors might consider investing in TRON (TRX).

Find out more about the VC Spectra (SPCT) presale here:

Buy Presale: https://invest.vcspectra.io/login 

Website: https://vcspectra.io 

Telegram: https://t.me/VCSpectra 

Twitter: https://twitter.com/spectravcfund

Chat GPT gives Pomerdoge the award for best meme in 2023. Cosmos and Ripple continue to fall

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After receiving info about new memecoin project Pomerdoge, ChatGPT came up with some bullish thoughts about the token and upcoming Play to Earn game. Cosmos continues with innovation but the ATOM price is very volatile due to block rewards. Ripple is up by over 70% due to a momentous win against the SEC.

Click Here To Find Out More About The Pomerdoge (POMD) Presale

Will Pomerdoge be the best investment of the year? ChatGPT thinks it might.

Although ChatGPT is no longer connected to the internet, it learned a lot about crypto in the past.  I then gave ChatGPT all the info from the Pomerdoge website and, while asking ChatGPT to act as a crypto expert, here’s what ChatGPT told me about Pomerdoge

“Here are some speculative reasons why Pomerdoge could be the best investment of 2023. 

1. Explosive Growth in Gaming Sector: Pomerdoge’s P2E game attracts an unprecedented number of players, leading to a surge in user adoption and engagement. The game’s unique mechanics, immersive gameplay, and rewarding incentives captivate the gaming community, resulting in widespread recognition and accolades.

2. Revolutionary NFT Integration: Pomerdoge successfully leverages the power of NFTs within its gaming ecosystem, introducing groundbreaking features that revolutionize the industry. The project pioneers innovative ways of minting, trading, and utilizing NFTs, setting new standards for the market. This exceptional integration contributes to Pomerdoge’s recognition as the best investment of 2023.

3. Exceptional Community Development: Pomerdoge’s community undergoes unprecedented growth and becomes one of the most active and supportive in the crypto space. The project’s dedicated community members actively contribute to its success, spreading awareness, and fostering a positive ecosystem. This organic community development leads to Pomerdoge being recognized as a standout investment for 2023.

4. Strategic Partnerships and Collaborations: Pomerdoge forms strategic partnerships and collaborations with well-established gaming companies, blockchain projects, or influential industry figures. These collaborations bring increased visibility, resources, and expertise to the project, further solidifying Pomerdoge’s position as a top investment in 2023.”

ChatGPT then reminded me that it was not a financial advisor and to do my own research.

Cosmos’s token ATOM has a lot of inflation to come

Cosmos calls itself the Internet of Blockchains, due to its focus on interoperability.  This is something that is much needed as the number of blockchains and platforms proliferate.  

As ever, Cosmos keeps innovating, and their most recent announcement is about their new ‘Circuit breaker’ tech. Cosmos’s new tech is about maintaining uptime, since a single bug could bring down the whole Cosmos chain.  

In their words, it “functions like the emergency measure, when something goes wrong, the circuit breaker can disable specific transactions, preventing disruptions to other applications built on the chain.” This is an important feature for everyone, especially businesses that depend on Cosmos.

Still, good tech doesn’t always equal positive price action. Cosmos’s ATOM has experienced a lot of volatility lately, and more seems set to come until 2029. This is likely because the amount of block rewards for validators are set to increase dramatically over the next 5 years, according to the website token.unlocks.app.

SEC vs Ripple finally comes to an end

The long-awaited SEC case finally came down in favor of Ripple, an impressive feat given that the SEC rarely loses. The case against Ripple sets a precedent for other cryptos, since Ripple’s XRP has been ruled as not a security.  

This is bullish for the entire crypto market, since many currencies were recently deemed as securities by the SEC, and we have been experiencing a rally since Ripple’s win.  

Ripple jumped from $0.47 to $0.81 after the news was released. After this, there was some profit taking, and now Ripple is making higher highs, reaching $0.083, but currently back at around $0.81.

Find out more about the Pomerdoge (POMD) Presale Today

Website: https://pomerdoge.com/ 

Telegram Community: https://t.me/pomerdoge 

Cosmos IBC Launches First Polkadot<>Kusama Connection, ATOM Soars 6%

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Cosmos ATOM has skyrocketed by 6% in the weekly chart. This sudden surge is believed to be a result of an announcement made by Composable Finance, who have just launched the first Polkadot<>Kusama connection via Cosmos IBC. 

This groundbreaking achievement has set a new standard for relay chain interoperability in DotSama and has evidently been met with enthusiasm by investors.

This new connection has sparked renewed interest in Cosmos ATOM, with many investors keen to get in on the action. The move towards greater interoperability between different blockchains is an important step forward for the industry and one that is sure to attract further attention in the coming weeks and months.

The data shows that currently, ATOM is trading at $11.68, with a rise of about 0.32% in the last 24 hours. It remains to be seen what the future holds for Cosmos ATOM, but for now, the cryptocurrency appears to be riding high on the back of this exciting announcement. 

Source: CoinMarketcap

Cosmos IBC’s First Polkadot<>Kusama Connection, Three New Liquidity Pools Live

Composable Finance launched the first trustless and non-custodial connection between Polkadot and Kusama network, Centauri. This exciting development brings three brand-new liquidity pools that users can explore on the app.pablo.finance website. The pools include KSM/DOT, PICA/DOT, and DOT/USDT.

With the app now live and in open beta, users can currently transfer up to 10,000 tokens for each asset. Composable Finance is eagerly seeking user feedback to ensure that this infrastructure can serve as a robust foundation for a new wave of cross-chain strategies.

In a tweet, the Composable Finance team stated that “This is only the beginning of our mission to bring CosmosIBC everywhere.” They also highlighted their commitment to fostering collaboration, as well as the immense potential of CosmosIBC to revolutionize the way we transact, communicate, and build across DeFi.

The team at Composable Finance is dedicated to creating an interconnected financial industry where DeFi networks can work together to serve users’ needs. They’re already working on more IBC connections to continue expanding the reach of cross-ecosystem interoperability.

The launch of Centauri is a huge step towards Composable Finance’s vision, and they look forward to new solutions and strategies deployed via this KSM<>DOT connection. It is especially true as they introduce an unprecedented opportunity for unified liquidity in DotSama by introducing the first KSM/DOT pool on the Pablo DEX.

Composable Finance has thanked all collaborators, beta testers, and community members for their support. They are committed to making IBC connections a reality everywhere, and their efforts are sure to significantly impact the future of DeFi.

Related Reading | RNDR Rockets Upwards: Surging 40% In A Week – What’s Behind The Meteoric Rise?

Which Crypto Holds the Most Potential: Collateral Network (COLT), Solana (SOL), and Cosmos (ATOM)

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Today, we will be discussing the potential of three cryptocurrencies: Collateral Network (COLT), Solana (SOL), and Cosmos (ATOM). While the latter two are fairly established, Collateral Network (COLT) is new and currently going through phase 1 of the public presale and is set for 35x returns. Let us delve into each of these three cryptos and examine their potential.

>>BUY COLT TOKENS NOW<<

Collateral Network (COLT)

Collateral Network (COLT) is a unique crowdlending platform that leverages the power of the Ethereum blockchain and asset-backed non-fungible tokens (NFTs) to provide collateral for loans. This innovative approach sets Collateral Network (COLT) apart from its competitors and offers a number of benefits, such as increased security and transparency for borrowers and lenders.

For example, Lauren wants to buy a wedding dress but only has a $1500 rare painting. Through Collateral Network (COLT), she can use the painting as collateral to secure a loan that pays for the dress. Once the loan is paid off, Lauren can reclaim her painting.

As this whole process is done via fractional NFTs, a pool of lenders can provide the loan, thus opening up a larger loan market. Moreover, all transactions are recorded on the Ethereum blockchain, meaning that the process is immutable and secure.

By owning the COLT token, Collateral Network (COLT) users can take advantage of exclusive benefits, such as lower loan interest rates, reduced trading fees, and staking rewards. Users are unable to access these benefits without the Collateral Network (COLT) token.

The COLT token will be available for purchase at $0.01 during the presale period, which is currently in phase 1. Analysts forecast, however, that COLT will rise to $0.35 by thee time it hits exchanges. This presents a great opportunity to get in on the ground floor of an industry-defining project and benefit from the Collateral Network (COLT) presale discounts.

>>BUY COLT TOKENS NOW<<

Solana (SOL)

Solana (SOL) is a revolutionary blockchain-based platform that provides virtually instant, low-cost transactions at an unprecedented rate of up to 50,000 per second. This groundbreaking technology represents the future of smart contract platforms — providing secure and reliable solutions for businesses everywhere.

Solana (SOL) has already seen impressive amounts of adoption, with DEXs, P2E games, NFT marketplaces, and other applications all running off the platform. Solana (SOL) has also seen impressive amounts of institutional backing, with the likes of Andreessen Horowitz and Coinbase Ventures all investing in the project.

However, one of the largest backers of Solana (SOL) is FTX — the exchange that just filed for bankruptcy due to alleged fraud. As such a big backer of the project, Solana (SOL) prices plummeted by more than 50% in just a few days.

It will likely take some time before Solana (SOL) can recover, and the project is still a very promising one. Solana (SOL) will also need to address concerns about centralization if it is to reach its full potential.

>>BUY COLT TOKENS NOW<<

Cosmos (ATOM)

Cosmos (ATOM) is a revolutionary multi-chain network that allows for the secure and efficient sharing of data across multiple blockchains. Tendermint Core is the consensus engine that powers the Cosmos Hub, which is one of the most popular blockchain networks today.

Cosmos (ATOM) has seen significant growth since it was created in 2016, with more and more decentralized applications integrating into the Cosmos (ATOM) network every day. This is a testament to the Cosmos (ATOM) scalability and interoperability features, two of its major selling points.

While Cosmos (ATOM) is currently down 79% from its all-time high of $44.70 hit in 2021, this is still better than most of its peers. This shows that the market still has faith in the Cosmos (ATOM) project’s potential, and with more projects joining the Cosmos Hub every day, things are looking bright for the future of this innovative Cosmos (ATOM) platform.

Find out more about the Collateral Network presale here:

Website: https://www.collateralnetwork.io/

Telegram: https://t.me/collateralnwk

Twitter: https://twitter.com/Collateralnwk 

Polkadot (DOT) Initiates 2nd Phase Of Blockchain Academy In Argentina, Cosmos (ATOM) Gets Support In Rho Network Upgrade, TMS Network (TMSN) Shines Brighter As Bulls Pounce On Its Presale

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You can consider Polkadot (DOT), Cosmos (ATOM), or TMS Network (TMSN) if you are looking for a profitable investment option. Notably, TMS Network (TMSN) presale is the best buy in the crypto market. The project’s presale is getting oversubscribed, and it has already raised $2 million in a private seed sale. Thus, investors are jumping ships from Polkadot (DOT) and Cosmos (ATOM) to TMS Network (TMSN).

  Polkadot’s (DOT) Educational Initiative Enters Its Second Phase

Polkadot Blockchain Academy, which is an educational initiative of the Polkadot (DOT) network, is ready to begin the second phase of blockchain education at Buenos Aires University, Argentina. With this initiative, Polkadot (DOT) aims to equip engineers with the right skill sets to build better dApps and Web3 products. Polkadot (DOT) launched this educational academy in 2022, and its first phase was organized at Cambridge University from July 11 to August 7. Meanwhile, the price of Polkadot (DOT) has increased by 34% in the last 30 days. Besides, Polkadot (DOT) has risen by 22% in the past week. Consequently, the current trading price of Polkadot (DOT) is $7.67.

  Rho Upgrade Benefits Cosmos (ATOM)

The price movement of Cosmos (ATOM) has reacted positively to the Rho upgrade. The Rho upgrade has come as a major event ahead of Cosmos’ (ATOM) Replicated Security release. Rho update has added a global fee module, which will improve the security of the Cosmos (ATOM) Network. The price of Cosmos (ATOM) has been growing for the past few weeks. Cosmos (ATOM) has risen by 23% in the last 30 days. Besides, Cosmos (ATOM) has surged by 5% on the weekly chart. The current trading price of Cosmos (ATOM) is $14.47, which is 67.62% below its all-time high of $44.70.

  TMS Network (TMSN) Reaches New Growth Avenues

TMS Network (TMSN) is a blockchain-powered platform designed to enhance the experience for crypto traders. Existing trading platforms have issues such as excessive centralization, slow transaction times, low return on investment, high fees, and opaqueness. TMS Network (TMSN) resolves these issues with its unique business approach. TMS Network (TMSN) has entered the crypto market with a first-of-its-kind protocol that eases the online trading of digital assets, including CFDs, cryptocurrencies, stocks, and Forex. TMSN will be the native token of the TMS Network.

  TMS Network (TMSN) aims to become a comprehensive trading platform ensuring transparency and security of all transactions. TMS Network (TMSN) boasts an easy-to-navigate user interface, and all transactions on the platform are run and supervised by its smart contracts. These smart contracts have kept intermediaries or middlemen away from TMS Network (TMSN). Thus, TMS Network (TMSN) lets users execute their trades on the platform at a much lower fee when compared to other platforms. The notable feature of the network is that TMSN token holders will receive incentives from the commission revenue model of the platform. Under this revenue-sharing model, TMSN token holders will receive a certain percentage of the fee-based earning of the network.

  Additionally, TMS Network (TMSN) has a pivotal feature of massive scalability that can easily direct a soaring number of trade-related activities without compromising the platform’s speed. The platform also encourages financial literacy in traders through its various educational resources, including trading signals and market analysis. Currently, a TMSN token is available to the public at $0.0047.

For more information on TMS Network (TMSN) please see the links below:

Presale: https://presale.tmsnetwork.io

Website: https://tmsnetwork.io

Telegram: https://t.me/tmsnetwork

  Twitter: https://twitter.com/tmsnetworkio

Top 3 Cryptos Set to Surge in December 2022: Cosmos (ATOM), Orbeon Protocol (ORBN) And Big Eyes (BIG)

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The cryptocurrency market really needs something to look forward to as we approach the end of this year. 2022 has been a nightmare for the industry, first with the Terra LUNA crash, then the US Federal Reserve raising interest rates and, most recently, the spectacular crash and bankruptcy of the FTX Exchange. But the good news is that there are three great cryptocurrencies that are all set to surge in December 2022 – Cosmos (ATOM), Big Eyes (BIG) and Orbeon Protocol (ORBN), which has notably risen from $0.004 to $0.030 during presale.

>>BUY ORBEON TOKENS HERE<<

Cosmos (ATOM) Attracting Attention

Cosmos’ (ATOM) current price is 76% below its all-time high. Analysts, though, are optimistic about Cosmos (ATOM). According to reports, transfers from Cosmos have increased in value overall even if the token’s price has fallen.

Decentralized blockchain interoperability is made possible by Cosmos. Over the upcoming years, it is anticipated that the price would increase steadily. Recently, the Cosmos Blockchain made headlines for its plan to implement liquid staking, which would let owners of ATOM tokens use derivative tokens to earn rewards. Jae Kwon, the creator of the Cosmos blockchain, has, however, objected to this. Still, Cosmos is attracting a lot of attention right now and for the right reasons.

Big Eyes (BIG) Not a Gas!

Choosing the Big Eyes (BIG) project is the best option if you’re looking for a fun answer to NFT trade problems. Even though it’s a meme coin, when its market activity gets going, Big Eyes may be able to compete with the best NFT projects.

As a brand-new initiative, the Big Eyes (BIG) NFT club, Sushi Crew, is essential to how it runs since Big Eyes’ creators want to make NFTs accessible to everyone. Each Big Eyes user will be able to design their own NFT through the club and choose whether to sell, trade, or keep it in collections. When Sushi Crew debuts, the Big Eyes (BIG) developers will also have NFTs available for members to purchase. The fact that there are no network fees when using Big Eyes’ Sushi Crew project means that users can conduct NFT operations without worrying about the high gas costs connected with trading on the Ethereum blockchain.

>>BUY ORBEON TOKENS HERE<<

Orbeon Protocol (ORBN) Opens up The Investment Market

A new decentralized investment platform called Orbeon Protocol (ORBN) is attempting to address issues faced by small investors and companies seeking finance. Companies seeking funding can mint fractionalized, equity-based NFTs which cost as little as $1 to purchase from users on the platform.  Orbeon Protocol lowers the barrier to entry for investors looking to enter the venture capital sector. Additionally, under the Orbeon Protocol, investors can identify approved real-world companies and cryptocurrency prospects to back.

The Orbeon Protocol ecosystem is designed to seamlessly integrate into the metaverse, enabling virtual networking functions, and contributing to the metaverse’s shaping. Additionally, it has a decentralized wallet that enables users to trade, sell, and acquire all of their cryptocurrency holdings in one location.

The remaining services, Orbeon Switch and Orbeon Exchange, enable individuals to effortlessly swap currencies and businesses to raise money inside the ecosystem.

Cosmos and Big Eyes aree both great coins but the one to really follow closely is the Orbeon Protocol. Since the launch of the presale phase of ORBN, the native coin of Orbeon Protocol, the price has more than doubled from $0.004 to $0.030. An amazing end-of-year run is beckoning for Orbeon Protocol investors. 

 Find Out More About The Orbeon Protocol Presale

Website: https://orbeonprotocol.com/

Presale: https://presale.orbeonprotocol.com/register 

Telegram: https://t.me/OrbeonProtocol 

Cosmos (ATOM) climbing steadily while Orbeon Protocol(ORBN) takes aim at 6000% skyrocket

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Trading techniques come in a wide variety; however they are often based on either technical analysis or fundamental analysis. The two have in common the use of quantitative data that can be checked for correctness in the past. 

Technical indicators have been used by analysts in the crypto market for years, and most recently there has been some significant attention around Cosmos (ATOM) and Orbeon Protocol (ORBN), which is set to provide 60x returns by the end of presale. 

>>BUY ORBEON TOKENS HERE<<

Cosmos (ATOM) is ahead in the polls

Byzantine Fault-Tolerant (BFT) consensus algorithms enable the individual blockchains that makeup Cosmos (ATOM), a decentralized network of independent blockchains. The Cosmos Network’s native staking token is called Atom. The goal of the Cosmos project is to create a scalable, interoperable “internet of blockchains.”

The procedure for an on-chain vote to upgrade Cosmos’ cross-network infrastructure platform to ATOM 2.0 started on October 3 of last year. During the first few hours of on-chain voting, a clear majority of participants favored the notion. At the time of publishing, the major change in Cosmos (ATOM) governance had received the support of more than 90% of voters. The vote will be completed in two weeks. The cost of Cosmos (ATOM) rose by 2.5% from the day before, reentering the top 20 currencies by market size. This has led to an increase in popularity for Cosmos (ATOM) among investors.

Orbeon Protocol (ORBN) is an ambitious project

The ecosystem that supports ORBN, the native token of Orbeon Protocl, is the underlying reason why Orbeon Protocol projections are so extravagant; ORBN is only one part of the project which is pushing it to its 6000% price increase estimate.

Using fractionalized NFTs, the Orbeon Protocol investment platform enables regular people to make small-scale investments in new companies. These equity-backed NFTs can then be offered to any kind of investor,  for as little as $1, finally giving them a chance to back interesting and challenging new start-up businesses. Up until now, this has been the preserve of wealthy venture capitalists. This is also a massive advantage for startups, as they can raise money quicker and more efficiently than ever before by using Orbeon Protocol.

Safety is also a top priority on the platform, with a successful audit from Solid Proof completed, and secure ‘fill or kill’ mechanisms built into every funding round – investors’ wealth is fully secured throughout the fundraising process. Furthermore, Orbeon Protocol’s liquidity pool is locked for 10 years, preventing any kind of rug-pull.  

Orbeon Protocol also offers its ORBN holders staking rewards, to earn passive income, as well as the right to vote on key decisions and upcoming projects. By next year, Orbeon Protocol will also be launching a wallet which will enable members to hold and trade cryptocurrencies and NFTs and will offer frictionless crypto and fiat onboarding.

This initiative will create lucrative chances for companies and investors from across the world to interact, and it has the potential to completely revolutionize business. Startups can obtain funding very rapidly with Orbeon Protocol while avoiding the bureaucratic hurdles that have previously stood in their way. The potential impact of this concept is a primary driver of the ongoing increase in ORBN pricing. 

Summary

ORBN is now available in a presale phase and a 6,000% ROI is being predicted by the close of the presale in January by industry experts, and while it does come with a ton of exclusive benefits like discounts and priority access to investor groups, this token’s primary selling point is the revolutionary new investment platform behind it.

 Find Out More About The Orbeon Protocol Presale

Website: https://orbeonprotocol.com/

Presale: https://presale.orbeonprotocol.com/register 

Telegram: https://t.me/OrbeonProtocol 

Crypto News Flash: Top 3 Crypto Tokens To Contribute To The Growth Of Coin Market – Polygon (MATIC), Cosmos (ATOM), and Stakenomics (STAKE)

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In a world that’s now being dominated by cryptocurrencies and blockchain technology, it’s easy to feel as if virtually everything is repetitive. Yes, cryptocurrencies are impressive and can be referred to as one of the biggest innovations of the 21st century. However, constant change is needed to keep the crypto space developing. So, what are the next crypto tokens to drive massive change in the crypto space after Ethereum and Bitcoin? Keep reading to find out more. 

Polygon (MATIC)

There are only a few cryptocurrency tokens with impressive use cases on the coin market. This layer-2 solution runs alongside the Ethereum network and is designed to ensure that the network is faster and can be used at extremely low transaction fees. MATIC is the native token of this platform. This token is used to pay transaction fees, staking, etc. When the Ethereum network was developed, it was used to create smart contracts that run decentralized applications. But later on, it became crowded and really expensive to use. 

Users can enjoy near-instant transactions on this platform. Polygon acts as a speedy parallel chain that will allow decentralized applications to run on the Ethereum blockchain. This cryptocurrency project can process transactions quickly because it relies on a proof-of-stake mechanism. Holders contribute MATIC to the network to secure the network. The Polygon network is quite similar to the Ethereum blockchain. To use the Polygon network, you’ll need to send some crypto coins to a compatible wallet, such as Coinbase. You’ll use MATIC to settle transaction fees. 

Cosmos (ATOM)

Cosmos is one of the most innovative crypto projects on the coin market. This blockchain is popularly known as the internet of blockchains. The development team of Cosmos is designed to create a network of crypto blockchains with open-source tools. These tools are perfect for streamlining transactions between blockchains. This blockchain network is designed to be customizable and interoperable. And that’s what sets the Cosmos blockchain from others. 

Instead of focusing on developing its network, Cosmos is concerned about creating an ecosystem of blockchains with no central party controlling activities on the network. Any new blockchain added to the Cosmos network is called a zone. These zones are tethered to a Cosmos Hub. The Cosmos Hub is run on a proof-of-stake mechanism and on a native token known as ATOM. Cosmos offers blockchain developers plenty of options because its network is broken into three layers; Application, Networking, and Consensus. 

Stakenomics (STAKE)

Stakenomics is a cryptocurrency set to redefine everything we know about blockchain and crypto tokens. There are numerous impressive things to note about Stakenomics. To start with, this cryptocurrency is hosted on the Binance Smart Chain. This blockchain is considered a considerable improvement to the congested nature of the Ethereum blockchain. The BSC supports throughput, fast transactions, and low transaction fees. With its innovative network, this blockchain can allow users to enjoy this technology’s true potential. 

At its core, Stakenomics is designed to offer the best form of support to public and private transactions. It will support seamless transactions with high security, scalability, and the ability to fulfill all our outlined goals. You’ll be thrilled to learn that Stakenomics takes its security seriously. This project is concerned about customers losing their investments. As a result, it has put reasonable measures in place to protect its funds. Stakenomics can process transactions fairly quickly because it runs on a proof-of-stake network. Users can contribute STAKE to secure the network’s transactions. What’s more? Stakenomics will regularly burn different portions of its STAKE coins to increase the demand and price of its tokens. 

Furthermore, Stakenomics will run as a DAO. This means that users can vote on development decisions on the platform. The number of votes for every user will depend on the number of coins they have staked. You can participate in the presale to get early access to these coins. 

Stakenomics (STAK)

Presale: https://register.stakenomics.io 

Website: http://stakenomics.io/ 

Telegram: https://t.me/StakenomicsOfficial 

Osmosis Under Emergency Maintenance After a $5M Exploit

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The Cosmos ecosystem’s Osmosis blockchain, which powers a massive decentralized exchange (DEX), was shut down today.

The core development team and network validators terminated the chain at block #4713064 after a severe issue in its liquidity pools resulted in a $5 million exploit.

The flaw was first discovered by a Reddit user, who cautioned in a now-deleted post that adding cash to an Osmosis pool and then removing it increased the position by 50%.

Osmosis was exploited before the halt

Users had already begun exploiting the vulnerability to siphon funds out of Osmosis before the network was shut down, according to on-chain transactions. While the exact nature of the flaw is unknown, the Osmosis team revealed that the fault allowed malevolent users to siphon $5 million from liquidity pools.

“Liquidity pools were not “drained fully.” “Devs are correcting the flaw, estimating the extent of the losses (likely in the $5 million areas), and working on recovery,” the Osmosis team noted in an official statement.

The Osmosis DEX and its native wallet are now unavailable due to the chain halt. Before the network can be restarted, the team is working on releasing a fix.

The flaw was discovered when a user deposited money into a liquidity pool and then immediately withdrew it. Unintentionally, the withdrawal was valued at 50% more than they deposit. According to a Discord post by Osmosis community analyst RoboMcGobo, it took the team 12 minutes to stop the chain after the issue was discovered.

On-chain transactions illustrate how one user repeatedly took advantage of the same flaw.

They started the exploit with merely 26 OSMO tokens and in their first transaction, they made another 13 OSMO tokens. They went through the procedure at least 30 times, growing his assets by 50% each time.

The wallet received roughly 70,000 Cosmos native ATOM tokens as a result of the procedure (by swapping OSMO to ATOM), which is worth around $600,000. They also moved some of their OSMO revenues to a different location in order to restart the process.

Are Avalanche [AVAX] and Solana [SOL] overhyped?

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The two most popular Ethereum [ETH] rivals- Avalanche [AVAX] and Solana [SOL] have seen tremendous growth in 2021 and received widespread attention with many touting them as ETH killers. However, a leading Blockchain engineer David Kajpust considers the hype surrounding the two assets as exaggerated. In a series of tweets, Kajpust detailed the reasons why the narratives around the two blockchains are strong in comparison to the Cosmos [ATOM] ecosystem and Polygon [MATIC] which according to him ‘also handles significantly higher transaction’.

First, the developer insists on looking from the perspective of Venture Capitalists [VCs] whose main goal is to ‘make as much money as possible as they want to buy low and buy A LOT‘ thus enabling them to purchase a large amount at a cheaper rate. Kajpust observed that the reason behind Solana and Avalanche witnessing a massive accumulation in 2021 is because of these large-scale investors selling at a higher rate to retail investors.

In terms of the community becoming more centralized, Kajpust noted that a small group of people was meticulously working behind the scenes to coordinate and interact with founding teams, OTC desks, and other rich individuals in collecting large percentages of SOL and AVAX. This according to him resulted in a creation of a semi-centralized distribution along with coordinated marketing strategies like announcing massive user incentives that lead to the shilling of the tokens.

Avalanche and Solana’s Bullish narration eclipsed others?

The developer in his post further analyzed the probable plan of action undertaken by the VCs with regards to the layer-1 blockchains such as Avalanche and Solana, this year. Reading along with the same, he stated,

“In retrospect, the A++ strategy for VCs in 2021 was: Find a fast L1 that you can buy 3-7% of all tokens, through founders or OTC. – Shill it. Endlessly. With conviction. Get it into the top 10 so that the liquidity is high enough to absorb billions in profit.”

In a nutshell, Kajpust observed that the Cosmos ecosystem is way too decentralized to have coordinated shilling, marketing, and have under-exaggerated narratives. On the other hand, that the current token distribution of Avalanche and Solana encourages shilling and has inflated bullish narratives.