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Bitcoin Surges: $312M Weekly Inflows Propel Yearly Total To $1.5B

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Digital asset investment products experienced a significant surge in inflows, reaching an impressive $346 million last week. This marked the largest weekly influx in a continuous nine-week streak, with Bitcoin standing out as a major contributor to this substantial growth.

Bitcoin Dominates Weekly Inflows

According to the CoinShares Digital Asset Fund Flows Weekly Report, Bitcoin witnessed inflows totaling $312 million in the past week alone. This robust performance has propelled the year-to-date inflows for Bitcoin to just over $1.5 billion. Interestingly, the surge in Bitcoin investments coincides with a trend of short-sellers capitulating, signaling a shift in market sentiment.

Ethereum, the second-largest cryptocurrency by market cap, also experienced a positive momentum. The report indicated that Ethereum saw inflows of $34 million last week, contributing to a four-week run totaling $103 million. This upswing marked a crucial reversal in sentiment, nearly offsetting the outflows observed earlier in the year.

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The primary driving force behind this remarkable uptick in digital asset investments is the anticipation of a spot-based Exchange-Traded Fund (ETF) launch in the United States. This nine-week streak is the most substantial since the bullish market trends witnessed in late 2021. The combination of increasing cryptocurrency prices and consistent inflows has propelled the total assets under management (AUM) to an impressive $45.3 billion, reaching the highest point in over one and a half years.

Breaking down the regional impact, Canada and Germany dominated the scene, accounting for 87% of the total inflows. Surprisingly, the United States, which is presumably waiting for the ETF launch, exhibited lower participation, with only $30 million in inflows for the week.

For Bitcoin, the strong inflows contributed to a year-to-date total that now exceeds $1.5 billion. Concurrently, short-sellers experienced their third consecutive week of outflows, totaling $0.9 million. The overall assets under management for Bitcoin have witnessed a 61% decline since reaching its peak in April 2023. Notably, volumes of Exchange-Traded Products (ETPs) as a percentage of total spot Bitcoin volumes remained notably high at 18% last week, highlighting the continued preference for ETPs in gaining exposure to the cryptocurrency.

In addition to Bitcoin and Ethereum, other cryptocurrencies also attracted investor interest. Solana, Polkadot, and Chainlink observed inflows totaling $3.5 million, $0.8 million, and $0.6 million, respectively.

Related Reading | Terra Classic (USTC) Surges 300% in Remarkable Rally

Cardano (ADA) Surges Over 20% In Weekly Chart Following Integration Of Polkadot SDK

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Cardano (ADA) has experienced a surge of over 20% in the weekly chart following a significant announcement that piqued investors’ interest. Currently, ADA is trading at $0.3547, and in the daily chart, it has seen a 2.88% rise. The ADA community is excited as the bullish trend in play since early October continues to gather momentum.

The latest surge above the $0.35 mark indicates a path of least resistance towards higher values. If ADA can maintain this level, it may sustain upward momentum in the coming weeks. The driving force behind this resurgence lies in the increased confidence of investors in the Cardano token. 

ADA 7D graph coinmarketcap 8
Source: CoinMarketcap

According to blockchain analytics platform IntoTheBlock, ADA whales and investors accumulated a substantial 1.89 billion ADA during October, equating to an investment of over $600 million. Interestingly, a significant portion of this accumulation occurred within the price range of $0.249 and $0.271. This suggests that large holders may accumulate ADA long-term, potentially fueling a price rally toward $0.4.

Cardano’s recent price surge is a testament to its growing popularity and widespread support from both retail and institutional investors. Crossing the $0.37 resistance level represents a significant milestone for the project. Furthermore, introducing products like Midnight Protocol adds even more value to the Cardano ecosystem.

Cardano (ADA) Price Driving Factor

The catalyst behind this latest surge is the announcement of Cardano’s partnership with Polkadot SDK (formerly Substrate) in its partner chain. This strategic move aims to enhance scalability and promote interoperability between specialized blockchains while leveraging the liquidity and security offered by Polkadot’s technology. Midnight Network is poised to become one of the first adopters of these partner chains, highlighting the project’s promising future.

Cardano’s decision to utilize Polkadot SDK reflects a well-thought-out strategy, as Polkadot’s technology boasts numerous advantages, including a modular and flexible design for an interoperable future. The project’s choice to adopt Polkadot’s consensus mechanisms, BABE and GRANDPA, effectively balances liveness and safety, addressing a common issue in consensus models.

Moreover, Polkadot’s NPoS (Nominated Proof-of-Stake) offers a vast validator network of up to 1,000, mitigating stake centralization with fair reward distribution. Polkadot’s multi-chain vision, developed and tested for nearly five years, distinguishes it from Ethereum, making it a compelling choice for Cardano.

The Universal Language, XCM, enables seamless communication between Polkadot SDK chains, promoting interoperability and ease of use. This decision to embrace Polkadot SDK over alternatives like Cosmos SDK is rooted in the project’s priorities, requirements, and trade-offs. Polkadot’s chain-agnostic approach, lack of assumptions about consensus algorithms, and resolution of shared sequencer dilemmas set it apart as a robust choice for Cardano’s future endeavors.

Related Reading | XRP Surges 16% In November, But Analyst Sees A Potential Buying Opportunity At $0.54

Polkadot’s Strong Quarter: 12% QoQ Increase In DOT Staked and Key Developments

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In Q3’23, Polkadot showcased a remarkable performance with significant developments that are reshaping the landscape of decentralized networks. The completion of Polkadot 1.0, a long-anticipated milestone, was met with enthusiasm, marking the realization of the Polkadot whitepaper. Looking forward, the community is eagerly awaiting Polkadot 2.0, which is expected to take shape through community discussions and consensus.

Polkadot’s Q3’23 Performance

The quarter brought forth a 12% QoQ increase in DOT staked, underlining the effectiveness of Polkadot’s staking mechanism. Notable integrations included Wormhole’s routed liquidity via Moonbeam and the launch of Native USDC on Polkadot’s Asset Hub, further expanding access to liquidity across the ecosystem.

Financially, Polkadot operates under a unique weight-based fee model, distinguishing it from the common gas-metering model. Despite a 3% QoQ decrease in revenue to $94,000, Polkadot’s revenue remains relatively lower compared to its competitors due to its structural design.

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Polkadot's Strong Quarter: 12% QoQ Increase In DOT Staked and Key Developments 5

Polkadot’s native token, DOT, experienced a 12% QoQ increase in staking, aligning closely with the ideal rate, which reflects the effectiveness of its mechanism. This adjustment led to reduced staking rewards and a 12% QoQ decline in annualized nominal yield to 15%. Zodia Custody’s announcement of institutional custody and staking services on Polkadot added to the network’s credibility.

The network’s treasury, financed through various means, supported initiatives in Q3, including software development, bounties, client upgrades, and community events. The introduction of OpenGov is set to revolutionize treasury management, delivering substantial benefits to the Polkadot community. As of the quarter’s end, the treasury held approximately $185 million.

In terms of network analysis, Polkadot’s Relay Chain witnessed increased account activity attributed to heightened governance processes. The network experienced an average of 5,200 daily active accounts, contributing to 4,312,113 million unique accounts across the Polkadot ecosystem by the end of September, marking a notable 9.3% QoQ and 34.9% year-to-date increase.

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Polkadot's Strong Quarter: 12% QoQ Increase In DOT Staked and Key Developments 6

Polkadot’s developer ecosystem continues to thrive, boasting nearly 2,000 monthly active developers in Q3, making it the second-largest ecosystem by developer count. Various developer support categories further solidify Polkadot’s position in the crypto industry, with initiatives like the Polkadot Developer Heroes Program and the Polkadot Blockchain Academy adding to its appeal.

Looking ahead, Polkadot’s roadmap is shaping up, with Polkadot 2.0 discussions taking center stage. The network’s ecosystem, characterized by XCM, parachains, and various integrations, continues to grow, offering a promising future for the Polkadot community.

Related Reading |  SEC Faces Uncertainty In Ongoing Ripple Battle Following Second Circuit Ruling 

USDC Coin: Bridging Worlds – Now Soaring Across Polkadot Skies

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Circle, the USD Coin (USDC) issuer, has officially launched the stablecoin on the Polkadot network. This move represents another significant step in the expansion of USDC, currently the second-largest stablecoin by market capitalization, trailing only behind Tether (USDT).

According to the announcement, Polkadot users and developers can now access Polkadot USDC through Circle’s platform. This development aims to provide seamless accessibility and transfer capabilities for users and developers within the Polkadot ecosystem, facilitated by Circle Account and Circle APIs.

Polkadot, renowned for its innovative approach to blockchain technology, operates as a network of sovereign blockchains known as parachains. These parachains work in parallel, offering faster transaction speeds while benefiting from Polkadot’s robust security and decentralized structure. 

Within this ecosystem, the Polkadot Asset Hub serves as a common-good parachain designed specifically for issuing, managing, and transferring digital assets across the Polkadot network.

Polkadot Asset Hub: Facilitating USDC

The Polkadot Asse­t Hub now facilitates the native issuance­ of the coin, allowing for seamless transfer to multiple­ parachains using the Cross-Chain Messaging (XCM) protocol.

Within the Polkadot e­cosystem, Polkadot USDC serves as the­ official stablecoin, providing develope­rs and users with a fully reserve­d, dollar-backed solution that maintains a 1:1 peg with US dollars.

Notably, this expansion onto Polkadot follows a similar move made earlier in the month. On September 3rd, Circle announced that WUSDC became natively available on the NEAR blockchain, accessible via Circle Account and Circle APIs. 

This move enables developers to harness the speed and scalability of the NEAR blockchain while utilizing USDC in popular programming languages like JavaScript and Rust.

However, Circle Account and Circle APIs exclusively support Polkadot USDC natively issued on the Polkadot Asset Hub within the Polkadot ecosystem. Therefore, users must first transfer the stablecoin from the Circle Account to an external Polkadot Asset Hub wallet address before using the XCM transfer protocol.

Circle has highlighted the significance of this step, urging use­rs to exercise caution whe­n attempting to deposit USDC transferre­d using XCM from any parachain other than Polkadot Asset Hub into their Circle­ Account. It is important to be aware that such actions may lead to the­ loss of funds and could potentially be irreve­rsible.

The addition of Polkadot to the­ supported blockchain networks for the stablecoin further solidifie­s the growing influence of stable­coins in the world of cryptocurrency. With this rece­nt integration, USDC can now be accesse­d through 14 diverse blockchain networks, including Ethereum, Tron, Stellar, Solana, and others.

Related Reading | Dogecoin’s Path to $0.30: A Closer Look at the Timeline

Polkadot’s PolkaWorld Community Halts Operations Amidst OpenGov Controversy

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PolkaWorld, one of the largest Chinese communities within the Polkadot ecosystem, has announced the ceasing of its operations. This decision comes following the rejection of its proposal to secure official funding, leaving the community in a state of limbo for the past two weeks.

OpenGov’s Impact On Polkadot Community

PolkaWorld expressed its deep disappointment in a Twitter post, stating:

It’s super sad to say that PolkaWorld’s proposal was rejected, and we’ve been halted operations for half a month now. It is the first time we’ve had to pause in the four years and three months since we started in 2019.

The root cause of this crisis can be traced back to the implementation of Polkadot’s OpenGov initiative, spearheaded by none other than the founder of Polkadot, Gavin Wood. 

OpenGov aimed to usher in a more decentralized and democratic governance model while improving the efficiency and transparency of the Polkadot Treasury. However, the system has faced its fair share of controversies, particularly in treasury management.

Under the previous governance system, a “professional” council elected by DOT holders evaluated proposals based on their expertise. PolkaWorld suggests that this approach should be integrated into the OpenGov system to maintain a level of informed decision-making.

Additionally, PolkaWorld interviewed some DOT holders who raised concerns about applicants converting treasury funds into cash, potentially harming the community’s interests. They proposed exploring alternative forms of funding, such as USDT or other tokens.

All DOT holders must understand that the treasury empowers and enriches the Polkadot ecosystem. If OpenGov results in the departure of talented teams, it could be a significant setback.

PolkaWorld encourages a more optimistic perspective on these changes, emphasizing that OpenGov is an upgrade and optimization for Polkadot. They urge the community to adapt and guide the system in the right direction rather than abandoning it outright.

The fate of PolkaWorld serves as a poignant reminder of the complexities and teething issues that can arise when implementing novel governance systems, even within the most promising blockchain projects like Polkadot. 

Related Reading | Shiba Inu’s $1k Investment Soars To $14.7 Million: The Incredible Crypto Journey

Polkadot (DOT) Finds Hope Amidst Struggles: Is A Reversal In Sight?

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Polkadot (DOT), one of the prominent cryptocurrencies in the market, has been facing a challenging period recently. However, there may be a glimmer of hope on the horizon as DOT exhibited signs of recovery on its daily chart, marking an almost 2% increase and trading at $4.110. 

DOT 1M graph coinmarketcap
Source: Coinamarketcap

This slight upturn comes after a 17% loss on the monthly chart. After tumbling from its all-time high of over $50 in November 2021, DOT enthusiasts are now eyeing this modest surge with cautious optimism.

The daily gain suggests that DOT might be on the cusp of a new uptrend. Traders are beginning to believe that DOT’s current price levels may have pushed the token into oversold territory, potentially setting the stage for a resurgence.

One key indicator supporting this nascent optimism is the Relative Strength Index (RSI), which has bounced back above the 30 mark after a recent foray into oversold territory. 

DOT 1D graph coinmarketcap 2
Source: Coinmarketcap

If the RSI can break through the 50 threshold, it could signal further gains in the days ahead. The Moving Average Convergence Divergence (MACD) indicator also hints at the possibility of a bullish crossover in DOT’s price chart.

Nonetheless, Polkadot faces significant hurdles before a lasting trend reversal can be confirmed. The $4.50 mark, corresponding to its 50-day moving average, poses a formidable resistance level that must be surmounted to signal a short-term shift in momentum. 

Beyond that, the critical milestone for DOT lies at $5.00, where breaking through could finally end the series of lower highs that have characterized its downtrend since November of the previous year.

If Polkadot manages to secure a foothold above these crucial resistance levels, several fundamental and technical factors might propel the token to higher ground.

Despite Challenges, Polkadot (DOT) Remains Relevant 

Despite recent price struggles, the quantity of staked Polkadot (DOT) has grown over the past month. However, this increase coincided with a decline in reward rates, raising questions about the sustainability of the staking model and its appeal to users.

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Source: Staking Rewards

On the social front, sentiment surrounding DOT has been less favorable in recent weeks. This dip in sentiment could potentially have far-reaching effects on market behavior and investor confidence, influencing decisions made by both retail and institutional players.

Nevertheless, Polkadot (DOT) continues to exhibit a robust position in terms of social engagement. Engagement levels have surged by an impressive 64%, and mentions related to DOT have increased by 16.4%. 

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Source: Santiment

These statistics suggest that Polkadot remains firmly on the radar of the cryptocurrency community despite the challenges it has faced in recent times.

Related Reading | Bitcoin’s Crucial Crossroads: Analysts Assess Chart Patterns and Support Levels 

According to On-Chain Data Whales Are Heavily Buying Into – XRP, Polkadot and Pomerdoge

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According to recent observations in the market, whales have shown interest in three tokens – XRP (XRP), Polkadot (DOT), and Pomerdoge (POMD). They have been buying large quantities of these tokens in the past week. Does this signify a potential price rally? Let’s look at the price movements of these tokens.

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

XRP (XRP) Bearish Despite Bullish Forecast 

As per on-chain data, whales are currently amassing large amounts of XRP tokens ahead of a potential bullish run. Meanwhile, crypto YouTuber and XRP analyst, Alex Cobb, is bullish on XRP. 

He applied the Elliott Wave Theory to the XRP/USD monthly price chart, commonly used to analyze market cycles and forecast trends. Notably, Cobb spotted an explosive breakout between 2014 and 2015, which he believes could repeat in the period starting from 2018. 

Consequently, his estimate points to a potential price target of $10. However, XRP is trading at $0.616734 today with a 24-hour trading volume of $953,445,167.44. This represents a 12.28% price decline in the past 7 days. 

Polkadot (DOT) Still Trading in a Narrow Range

Polkadot has been trading in a tight range, fluctuating between $5.00 to $6.00 in the past month. Unfortunately, bulls have failed to push the price beyond this upper range and extend the rally despite multiple attempts. This situation underscores the prevailing dominance of sellers within the supply zone.

According to CoinMarketCap, Polkadot is trading at $4.99. This represents a 0.10% price decline in the last 24 hours and a 3.58% price decline in the past week. The token is currently trading below the 50-Day SMA ($5.15) and 200-Day SMA ($5.77). 

Meanwhile, Polkadot’s RSI is currently rising and is at 45.66, which indicates that the DOT market is in a neutral position. On the upside, Polkadot faces resistance at $5.11, $5.16, and $5.20. On the downside, it has support levels at $5.03, $5.00, and$4.95. 

 Pomerdoge (POMD) Surges While Polkadot and XRP Drop

Pomerdoge (POMD), a newcomer in the play-to-earn gaming industry, has emerged as a formidable rival that will offer exciting features. Moreover, this peer-to-peer game strives to foster global participation, encouraging engagement and competition within an enjoyable environment.

Pomerdoge will provide players with a risk-free environment, thanks to thorough audits from SOLIDPorof and Cyberscope. Furthermore, the project has promised to lock teams’ tokens and liquidity to prevent a rug pull.

Pomerdoge stands out against meme coins like Dogecoin and Shiba Inu by offering more utility. It offers holders staking rewards, discounts, and access to rare NFTs. Interestingly, Pomerdoge is just in its presale phase and has gained huge momentum in the market. Investors are excited about the opportunity to earn a share of the game’s revenue. 

Now in its first presale phase, POMD tokens are available at just $0.007, making it an affordable opportunity to buy in. As the demand for blockchain gaming expands, the prospect of Pomerdoge reaching $1 in 2023 becomes increasingly plausible. This makes it an exciting project to watch for investors and gamers alike.

Find out more about the Pomerdoge (POMD) Presale Today:

Website: https://pomerdoge.com/

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

Ethereum Surge: Dominating Q1 With $457M Revenue, Outshining L1 Rivals 2.8x

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Ethereum, the leading smart-contract platform, has emerged as the top revenue generator in the first quarter of 2023, outperforming all other Layer-1 (L1) platforms.

According to a report released by Messari titled “State of L1s Q1 2023,” Ethereum’s revenue reached an impressive $457 million, nearly 2.8 times higher than the combined revenue of all other featured L1 platforms.

Despite an overall rebound in the crypto market during Q1, network usage did not experience a corresponding surge. While the featured L1 platforms witnessed an average quarter-on-quarter (QoQ) increase of 83% in market capitalization, network usage actually decreased by around 2.5%.

Among the L1 platforms, Stacks stood out by outperforming its peers in various metrics. This can be attributed to renewed interest in Bitcoin programmability by Ordinals. 

Stacks led the featured L1s in QoQ growth in market capitalization (340%), revenue (218%), network usage (~35%), DeFi TVL (276%), and DEX volume (330%).

Despite Stacks’ strong performance, ETH maintained its leadership position in key financial and ecosystem metrics. It remained the leader in market capitalization, revenue, DeFi Total Value Locked (TVL), volume, NFT volume, and full-time developers.

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The report also highlighted shifts in stablecoin dominance, as USDC experienced a temporary depeg and Paxos ceased BUSD issuance. This resulted in stablecoin market cap dominance shifting toward USDT, benefiting TRON. 

TRON’s stablecoin market cap increased by 30% QoQ to reach $43.6 billion, while other featured L1 platforms with significant stablecoin market caps saw a decrease in their figures.

The Messari report provides a comprehensive overview and comparison of the financial, network, and ecosystem analyses of 14 L1 smart-contract platforms, including Avalanche, BNB Chain, Cardano, Ethereum, Harmony, Hedera, NEAR, Polkadot, Polygon, Solana, Stacks, Tezos, TRON, and WAX.

In terms of validators, all networks experienced a QoQ increase in total staked tokens denominated in USD, as expected during a market uptick. Stacks (403%) and Solana (125%) led the way in QoQ growth.

Ethereum maintained the largest security budget, with $32.6 billion in ETH staked, surpassing other networks by over $20 billion.

Ethereum Remains the Top Destination for NFT Activity

When it comes to NFTs, Ethereum continues to dominate despite higher gas fees. The report highlights Blur as the dominant ETH marketplace in terms of volume, with its average weekly share increasing from 31% to 59% QoQ. Only Polygon outperformed ETH in terms of QoQ average daily volume, showing a 101% increase.

Furthermore, Ethereum leads in daily unique NFT buyers, although the gap between ETH and other chains is smaller in this metric than in volume. 

Coinbase’s commemorative NFT launch on Ethereum attracted over 122,000 unique buyers. Polygon experienced the highest QoQ growth in average daily unique buyers, increasing by 89%.

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Ethereum Surge: Dominating Q1 With $457M Revenue, Outshining L1 Rivals 2.8x 13

Tezos also saw an increase in unique NFT buyers, surpassing 10,000 on average in the week following the launch of the free McLaren F1 collection.

However, Ethereum’s strong revenue generation, market leadership, and continued dominance in NFTs reaffirm its position as a major player in the blockchain and cryptocurrency space. 

As the industry evolves, it will be interesting to observe how other L1 platforms adapt and compete with Ethereum’s established ecosystem.

Related Reading | Ethereum’s Gas Fees And Supply On Exchanges Hit Historic Low 

Cardano (ADA) And Polkadot (DOT) Prices Are Creeping Up, Will They Achieve Collateral Network’s (COLT) 40% Price Increase?

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The crypto community has been looking into Collateral Network (COLT), an up-and-coming token set to revolutionize the game. 

But should we listen and set our sights on Collateral Network (COLT) too, and put Cardano (ADA) and Polkadot (DOT) aside? The answer is yes! Collateral Network (COLT), even though still at stage 2 of its public presale, puts them both in the rearview with its 3500% growth potential.

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Collateral Network (COLT)

Collateral Network (COLT) is a hot topic in the crypto community, as it is on its way to completely shatter how we finance more significant purchases. 

Collateral Network (COLT) is a decentralized lending platform that allows you to use real-world assets and put them up as collateral to get a loan. You can get a loan from Collateral Network (COLT) by sending your asset, for instance, a $50k piece of jewelry. The Collateral Network (COLT) team will then value your jewelry and mint it into an NFT. After that, it will fractionalize the NFT, enabling multiple lenders to fund the loan. Once you repay your loan’s principal with interest, the NFTs will be destroyed, and Collateral Network (COLT) will send back the asset you leveraged.

As the one financing a loan, you will get fixed-interest payments in return for supplying the money needed, and you’ll be able to buy the assets at a lower auction price if someone fails to pay out their loan, thanks to Collateral Network (COLT).

Collateral Network (COLT) keeps all transactions 100% discreet. Also, with Collateral Network (COLT), you can get a loan quickly without jumping through all those bureaucratic hoops. 

Collateral Network (COLT) is currently at stage 2 of its public presale. And even though it’s still new, experts believe that Collateral Network (COLT) has a 3500% growth potential, which can make you life-changing money if you jump on the Collateral Network (COLT) train today. 

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Cardano (ADA)

Over half of Cardano (ADA) investors have recently transitioned from short-term to longer-term holders of the Cardano (ADA) token. This transition has inspired more confidence in Cardano (ADA) and has, in turn, positively impacted the Cardano (ADA) market performance. 

Cardano (ADA) is currently trading at $0.38, which is a 0.70% increase in price in the last 24 hours, at the time of writing. Also, the market cap of Cardano (ADA) has increased by 0.63% at the time of writing, while the volume of trades of the Cardano (ADA) coin has decreased by 0.85%. 

Additionally, Cardano (ADA) is striving to be a top EVM chain by next month. Thus, investors expect even more price increases for the Cardano (ADA) coin, making them hold Cardano (ADA) longer. 

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Polkadot (DOT)

After the neutral-price spell Polkadot (DOT) has been experiencing these past weeks, the Polkadot (DOT) price showed a bullish sentiment, currently trading at $6.18. This surge in the price of Polkadot (DOT) shows an increase of 0.99% in the last 24 hours, at press time. 

Also, the market cap of Polkadot (DOT) experienced an increase of 0.76% in the last 24 hours, while the volume of Polkadot (DOT) trading decreased by 4.62%. Experts expect the surging price to break soon once Polkadot (DOT) reaches $6.26. And after this dip, Polkadot (DOT) is expected to drop back to $6.11. 

Once Polkadot (DOT) drops, it is expected to remain stable at this price level, a somewhat support level to which Polkadot (DOT) often returns. 

Learn out more about the Collateral Network presale here:

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

Presale: https://app.collateralnetwork.io/register   

Telegram: https://t.me/collateralnwk Twitter: https://twitter.com/Collateralnwk

Crypto Market Shakeup: Polkadot (DOT), Ethereum (ETH) Face Stiff Competition as Orbeon Protocol (ORBN) in Presale, Now Listed on Uniswap

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Get ready for a seismic shift in the crypto landscape as the much-anticipated Orbeon Protocol (ORBN) storms onto the scene, giving industry giants Polkadot (DOT) and Ethereum (ETH) a run for their money. As a groundbreaking crowdlending platform, Orbeon Protocol (ORBN) democratizes early-stage investment opportunities previously restricted to deep-pocketed institutions and investors. With its recent listing on Uniswap and a staggering 4417% price surge from $0.004 to $0.1807 per token, Orbeon Protocol (ORBN) has exceeded all expectations. 

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Polkadot (DOT)

Over the past month, the value of Polkadot (DOT) has increased by 5.27%, establishing it as a formidable competitor in the crowded cryptocurrency market. With a 24-hour trading volume of $173.18 million and a market cap of $7.53 billion, Polkadot (DOT) is presently the eleventh largest cryptocurrency. 

Polkadot (DOT) is looking to include social networking and online community development, potentially enticing new users and enhancing the Polkadot (DOT) market position as development activity stays high.

Despite declining revenue and fees, Polkadot (DOT) continues to be the leading blockchain in monthly development activity, demonstrating Polkadot’s (DOT) dedication to continuous improvement and expansion. Consequently, Polkadot (DOT) is becoming increasingly acknowledged as a formidable force within the cryptocurrency industry.

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Ethereum (ETH)

Ethereum (ETH), has experienced a modest increase of 1.27% over the past week. Ethereum (ETH) maintains a stable long-term outlook with a market valuation of $223.34 billion and a 24-hour trading volume of $10.04 billion. 

Concerns are growing, however, regarding the potential impact of the forthcoming Ethereum (ETH) Shapella hard fork or Shanghai upgrade, which is scheduled to occur in 5 days. This enhancement will allow Ethereum (ETH) users to withdraw their staked ether, resulting in concerns about a rise in selling pressure.

Analysts estimate that nearly 1,300,000 Ethereum (ETH), or roughly $2.4 billion in potential sell-side pressure, may enter the market. This includes partial reward withdrawals and the liquidation of the staked Ethereum (ETH) balance of Celsius Network as a result of its bankruptcy proceedings. 

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Orbeon Protocol (ORBN)

Investing in startups at their earliest stages has never been easier than with Orbeon Protocol, a groundbreaking crowdlending platform. Orbeon Protocol (ORBN) removes the barrier of entry, which was formerly occupied solely by huge financial institutions and wealthy investors.

Tokenized equity, as provided by Orbeon Protocol (ORBN), enables investors to acquire a stake in a firm for as little as $1. Investors on Orbeon Protocol (ORBN) are given a new method to put money into firms they believe in by producing NFTs that represent equity in the firm.

Orbeon Protocol (ORBN) has established itself as a major financial framework on the venture financing scene, serving as a bridge between DeFi and traditional initiatives by reducing barriers to entry and eliminating fraud while providing genuine, approved projects.

After a successful presale, Orbeon Protocol (ORBN) may be bought, sold, and traded on Uniswap. Orbeon Protocol (ORBN) tokens have gained in value from their genesis price of $0.004 to their current value of $0.1807. This is an immense 4417% return for those who got in early, and analysts are extremely bullish on the future of Orbeon Protocol (ORBN), with some expecting it to climb near a dollar.

Find Out More About The Orbeon Protocol

Website: https://orbeonprotocol.com/

Uniswap: https://app.uniswap.org/#/swap

Telegram: https://t.me/OrbeonProtocol

Twitter: https://twitter.com/OrbeonProtocol