LIVEYanbi22
@Late_Night_with_Yanbi
I'm passionate about all things crypto, from blockchain technology to decentralized finance. With a background in finance and a keen interest in technology.
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Andre Cronje returns… to throw the same wedges
The founder of Fantom, Andre Cronje, is studying the possibility of integrating meme coins into the network of this blockchain.
Fantom's entry into this space reflects the growing trend of Layer 1 networks adopting these assets.
The meme coin industry has nearly tripled this year, reaching a market capitalization of more than $56 billion.“This quarter, demand for meme coins reached its highest level since 2021. Despite interest rates remaining high and the lack of stimulus checks being sent out, the appetite for crypto assets that appears useless was very strong. It’s unclear whether this is due to the overheating economy, or perhaps just growing “financial nihilism,” but meme coins have become the main topic in crypto in recent months,” remarked Lucas Outumuro , the head of research at IntoTheBlock.Despite the popularity of these crypto assets, several concerns persist, particularly regarding their security and their lack of practical application.
These concerns have also prompted the co-founder of Ethereum, Vitalik Buterin , to discuss the potential societal benefits of meme coins. Mr. Buterin indeed emphasized that these assets could be designed to uplift and unite communities and serve as instruments for social good and entertainment.
#MemeToDream #MemeCoinsSeason #SAGALAUNCHPOOL
The founder of Fantom, Andre Cronje, is studying the possibility of integrating meme coins into the network of this blockchain.
Fantom's entry into this space reflects the growing trend of Layer 1 networks adopting these assets.
The meme coin industry has nearly tripled this year, reaching a market capitalization of more than $56 billion.“This quarter, demand for meme coins reached its highest level since 2021. Despite interest rates remaining high and the lack of stimulus checks being sent out, the appetite for crypto assets that appears useless was very strong. It’s unclear whether this is due to the overheating economy, or perhaps just growing “financial nihilism,” but meme coins have become the main topic in crypto in recent months,” remarked Lucas Outumuro , the head of research at IntoTheBlock.Despite the popularity of these crypto assets, several concerns persist, particularly regarding their security and their lack of practical application.
These concerns have also prompted the co-founder of Ethereum, Vitalik Buterin , to discuss the potential societal benefits of meme coins. Mr. Buterin indeed emphasized that these assets could be designed to uplift and unite communities and serve as instruments for social good and entertainment.
#MemeToDream #MemeCoinsSeason #SAGALAUNCHPOOL
Ethena’s USDe Bitcoin collateral exceeds $500 million in a week
Ethena USDe's market capitalization has surged beyond $2 billion amid strong adoption.
Bitcoin collateral for Ethena’s USDe synthetic dollar has exceeded $500 million less than a week after its introduction.
The platform’s website data showed approximately $537 million in Bitcoin reserves across various exchanges such as Binance, OKX, and Deribit. The amount represents roughly 26% of its total asset reserve.
The other reserve assets include $714 million in Ethereum, $353 million in liquid-staked Ethereum, and $365 million in Tether’s USDT.
Seraphim Czecker, Ethena’s head of growth, said the substantial Bitcoin reserve was evidence that the platform is ready for the impending halving event. The halving is expected on roughly April 20 and will reduce Bitcoin’s block reward by 50% to 3.125 BTC.
Last week, Ethena onboarded BTC as a backing asset for USDe as part of efforts to create a safer product for its users. However, several market experts warned that the plan could pose a contagion risk for the broader crypto industry.
USDe adoption continues
As the platform’s Bitcoin collateral grows, USDe adoption is also witnessing an astronomic rise.
Data from CryptoSlate shows that USDe’s market capitalization has soared to $2.14 billion, with its trading volume during the past day at $364 million.
Its adoption from major DeFi projects like MakerDAO and Frax Finance has facilitated these high numbers.
Earlier today, Ethena Labs revealed that Frax Finance approved a $250 million liquidity pool to facilitate automated market operations (AMO) for minting new FRAX tokens.
According to Ethena Labs:
“As of yesterday FRAX has begun adding USDe POL which will create one of the deepest pools of dollar liquidity onchain, and enable FRAX to diversify their source of backing yield.”
Besides that, lending protocol Morpho Labs stated that MakerDAO, the issuer of the DAI stablecoin, allocated an additional $100 million in DAI tokens to its USDe/DAI and sUSDe/DAI markets on Morpho Blue.
#ENA #EthenaENA
Ethena USDe's market capitalization has surged beyond $2 billion amid strong adoption.
Bitcoin collateral for Ethena’s USDe synthetic dollar has exceeded $500 million less than a week after its introduction.
The platform’s website data showed approximately $537 million in Bitcoin reserves across various exchanges such as Binance, OKX, and Deribit. The amount represents roughly 26% of its total asset reserve.
The other reserve assets include $714 million in Ethereum, $353 million in liquid-staked Ethereum, and $365 million in Tether’s USDT.
Seraphim Czecker, Ethena’s head of growth, said the substantial Bitcoin reserve was evidence that the platform is ready for the impending halving event. The halving is expected on roughly April 20 and will reduce Bitcoin’s block reward by 50% to 3.125 BTC.
Last week, Ethena onboarded BTC as a backing asset for USDe as part of efforts to create a safer product for its users. However, several market experts warned that the plan could pose a contagion risk for the broader crypto industry.
USDe adoption continues
As the platform’s Bitcoin collateral grows, USDe adoption is also witnessing an astronomic rise.
Data from CryptoSlate shows that USDe’s market capitalization has soared to $2.14 billion, with its trading volume during the past day at $364 million.
Its adoption from major DeFi projects like MakerDAO and Frax Finance has facilitated these high numbers.
Earlier today, Ethena Labs revealed that Frax Finance approved a $250 million liquidity pool to facilitate automated market operations (AMO) for minting new FRAX tokens.
According to Ethena Labs:
“As of yesterday FRAX has begun adding USDe POL which will create one of the deepest pools of dollar liquidity onchain, and enable FRAX to diversify their source of backing yield.”
Besides that, lending protocol Morpho Labs stated that MakerDAO, the issuer of the DAI stablecoin, allocated an additional $100 million in DAI tokens to its USDe/DAI and sUSDe/DAI markets on Morpho Blue.
#ENA #EthenaENA
This Internet user proposes a new theory on the real identity of Satoshi Nakamoto, the creator of Bitcoin
So who is this mysterious Satoshi Nakamoto , the creator of Bitcoin whose identity has remained a mystery for more than a decade? This is THE question that has fascinated and intrigued the crypto community since the very beginning.
Many theories have been put forward over the years, but none have succeeded in definitively unlocking the secret. Some believe that behind this pseudonym is actually a group of people, working hand in hand, while others imagine a solitary genius, a visionary who preferred to remain in the shadows and let his creation speak for itself. …
However, a new and most intriguing lead has just been brought to light by a passionate Redditor . While meticulously digging through old academic publications on cryptography , he made a rather astonishing discovery: At a crypto conference in 1998 , a certain Satoshi Hada gave a presentation alongside another speaker named Toshiaki Tanaka.
Oh and while I'm thinking about it, I don't know if you know LiteBit but it's a really reliable site to buy your first cryptocurrencies at the best price. ( Affiliate link )
Satoshi? This immediately tickled the curiosity of our budding detective who, digging a little deeper, realized that the research work of Satoshi Hada , Toshiaki Tanaka and a third thief, Naohiko Uramoto , focused precisely on public keys and private… that is to say on the foundations of the blockchain !
Even more disturbing, if we cleverly combine pieces of their three names, we get… Satoshi + Naka + Moto … Satoshi Nakamoto ! Could this be a tribute from the true creator of Bitcoin? Or are these three Japanese cryptographers from IBM the brains behind the revolutionary cryptocurrency?
#btc #HotTrens #BinanceSquareCreator
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So who is this mysterious Satoshi Nakamoto , the creator of Bitcoin whose identity has remained a mystery for more than a decade? This is THE question that has fascinated and intrigued the crypto community since the very beginning.
Many theories have been put forward over the years, but none have succeeded in definitively unlocking the secret. Some believe that behind this pseudonym is actually a group of people, working hand in hand, while others imagine a solitary genius, a visionary who preferred to remain in the shadows and let his creation speak for itself. …
However, a new and most intriguing lead has just been brought to light by a passionate Redditor . While meticulously digging through old academic publications on cryptography , he made a rather astonishing discovery: At a crypto conference in 1998 , a certain Satoshi Hada gave a presentation alongside another speaker named Toshiaki Tanaka.
Oh and while I'm thinking about it, I don't know if you know LiteBit but it's a really reliable site to buy your first cryptocurrencies at the best price. ( Affiliate link )
Satoshi? This immediately tickled the curiosity of our budding detective who, digging a little deeper, realized that the research work of Satoshi Hada , Toshiaki Tanaka and a third thief, Naohiko Uramoto , focused precisely on public keys and private… that is to say on the foundations of the blockchain !
Even more disturbing, if we cleverly combine pieces of their three names, we get… Satoshi + Naka + Moto … Satoshi Nakamoto ! Could this be a tribute from the true creator of Bitcoin? Or are these three Japanese cryptographers from IBM the brains behind the revolutionary cryptocurrency?
#btc #HotTrens #BinanceSquareCreator
❗ please subscribe for more ❗
AIRDROP CRYPTO ON SOLANA: TENSOR PREPARES TO DISTRIBUTE ITS TNSR TOKEN
And one more ! Airdrop season is in full swing. After the airdrop of the W token by Wormhole last week , it is the turn of another protocol on Solana to follow suit. Tensor , the NFT exchange platform is preparing to launch its token and reward its users via a massive airdrop.
AIRDROP: TENSOR LAUNCHES TNSR TOKEN
As we just discussed, Tensor is an NFT exchange platform deployed on Solana. After conducting several point campaigns, the protocol is preparing for the next stage.
Thus, the platform will launch the TNSR token via a massive airdrop to users of the platform.
The token was announced a month ago, on March 12, by the Tensor Foundation. In practice, the TNSR is the protocol’s own governance token.
On April 2, the foundation announced the finalization of season 3 of its points program and the launch of season 4. On this occasion, the protocol announced that details regarding the token would be revealed the following week, via the page of claims.
An elegant way to announce the long-awaited airdrop of its TNSR token. Currently no communication has been made regarding the launch and the site still does not have a claims page.
A message on the project's discord revealed that an announcement should arrive around 4 p.m. For its part, the claim should open an hour later at 5 p.m.
#Solana’ #Airdrop_Opportunity #HotTrens
And one more ! Airdrop season is in full swing. After the airdrop of the W token by Wormhole last week , it is the turn of another protocol on Solana to follow suit. Tensor , the NFT exchange platform is preparing to launch its token and reward its users via a massive airdrop.
AIRDROP: TENSOR LAUNCHES TNSR TOKEN
As we just discussed, Tensor is an NFT exchange platform deployed on Solana. After conducting several point campaigns, the protocol is preparing for the next stage.
Thus, the platform will launch the TNSR token via a massive airdrop to users of the platform.
The token was announced a month ago, on March 12, by the Tensor Foundation. In practice, the TNSR is the protocol’s own governance token.
On April 2, the foundation announced the finalization of season 3 of its points program and the launch of season 4. On this occasion, the protocol announced that details regarding the token would be revealed the following week, via the page of claims.
An elegant way to announce the long-awaited airdrop of its TNSR token. Currently no communication has been made regarding the launch and the site still does not have a claims page.
A message on the project's discord revealed that an announcement should arrive around 4 p.m. For its part, the claim should open an hour later at 5 p.m.
#Solana’ #Airdrop_Opportunity #HotTrens
Bitcoin – ETFs push towards new record
What does Bitcoin ETF have in store for us this week? New record in sight if Grayscale doesn't come and spoil the party?
Bitcoin – Demand vs Supply
Last week, ETFs swallowed a net 7,376 bitcoins. Or 120% of the bitcoins that were created by miners at the same time.
Grayscale's GBTC ETF spoiled the party again with outflows representing 10,867 bitcoins. Note also that the ARK Capital ETF has, for the first time, suffered net weekly outflows equivalent to 1,154 bitcoins.
Overall, BlackRock is still in the lead with 264,000 BTC held on behalf of its clients. That is to say 1.35% of all bitcoins in circulation, or almost 19 billion dollars.
Fidelity is second with 150,000 BTC (~$11 billion). Ark completes the podium with 43,000 BTC.
Unfortunately, outflows from the GBTC ETF are currently preventing us from reaching $100,000. The following chart is a mirroring of the amounts of BTC held by Grayscale (red) and BlackRock (green).
This near-perfect symmetry suggests that a good portion of the BTC in the GBTC ETF is flowing directly into the BlackRock ETF. As a reminder, Grayscale charges management fees more than 6 times higher than those of BlackRock, hence the exodus of its clients.
In short, it is not impossible that a good part of Blackrock's bitcoins mainly come from a transfer from the GBTC ETF. If so, net inflows into the ETFs are unlikely to make a dramatic jump once the GBTC ETF is empty.
#BTCHalvingApril2024 #BTC、 #Yanbi22
What does Bitcoin ETF have in store for us this week? New record in sight if Grayscale doesn't come and spoil the party?
Bitcoin – Demand vs Supply
Last week, ETFs swallowed a net 7,376 bitcoins. Or 120% of the bitcoins that were created by miners at the same time.
Grayscale's GBTC ETF spoiled the party again with outflows representing 10,867 bitcoins. Note also that the ARK Capital ETF has, for the first time, suffered net weekly outflows equivalent to 1,154 bitcoins.
Overall, BlackRock is still in the lead with 264,000 BTC held on behalf of its clients. That is to say 1.35% of all bitcoins in circulation, or almost 19 billion dollars.
Fidelity is second with 150,000 BTC (~$11 billion). Ark completes the podium with 43,000 BTC.
Unfortunately, outflows from the GBTC ETF are currently preventing us from reaching $100,000. The following chart is a mirroring of the amounts of BTC held by Grayscale (red) and BlackRock (green).
This near-perfect symmetry suggests that a good portion of the BTC in the GBTC ETF is flowing directly into the BlackRock ETF. As a reminder, Grayscale charges management fees more than 6 times higher than those of BlackRock, hence the exodus of its clients.
In short, it is not impossible that a good part of Blackrock's bitcoins mainly come from a transfer from the GBTC ETF. If so, net inflows into the ETFs are unlikely to make a dramatic jump once the GBTC ETF is empty.
#BTCHalvingApril2024 #BTC、 #Yanbi22
The CEO of Ripple (XRP) says that the capitalization of cryptocurrencies will double by the end of the year Brad Garlinghouse, the CEO of Ripple (XRP), was very “bullish” regarding the year 2024. He indeed affirms that the capitalization of cryptocurrencies will double. A likely scenario?
Brad Garlinghouse spoke during an interview with our colleagues at CNBC. Ripple's CEO is particularly optimistic about the effects of the Bitcoin halving , which will take place in less than two weeks. He also notes the already notable effects of the arrival of spot Bitcoin ETFs:
“ I am very optimistic. I think macro trends, meaning things like ETFs, are attracting real institutional money for the first time . »
Regarding halving, the establishment of an imbalance between supply and demand will mechanically push prices upwards , according to Brad Garlinghouse:
“ We see that this leads to more demand, and at the same time […] supply is reduced. […] You don't need to be an economics student to understand what's coming next . »
A market cap that will double in 2024?
Hence a very optimistic conclusion from the CEO of Ripple: the prices of cryptocurrencies will jump and the total capitalization “ will double by the end of the year ” . Currently, the market cap for crypto assets stands at $2.7 trillion. According to Brad Garlinghouse, it could therefore reach $5.4 trillion by December 2024.
The CEO of Ripple is not the only one to be particularly optimistic for the end of the year. For the Standard Chartered bank, the price of BTC could reach $150,000 this year . Furthermore, billionaire Mark Cuban also affirmed that demand would exceed supply:
“ The more people buy it, the fewer people sell it, the more the price will increase. It's his nature. This is a very good store of value . »
With the halving in two weeks, and a Bitcoin price which has continued to flirt with $70,000 in recent days
❗PLEASE SUBSCRIBE GUYS FOR MORE❗
#XRPCOIN
Brad Garlinghouse spoke during an interview with our colleagues at CNBC. Ripple's CEO is particularly optimistic about the effects of the Bitcoin halving , which will take place in less than two weeks. He also notes the already notable effects of the arrival of spot Bitcoin ETFs:
“ I am very optimistic. I think macro trends, meaning things like ETFs, are attracting real institutional money for the first time . »
Regarding halving, the establishment of an imbalance between supply and demand will mechanically push prices upwards , according to Brad Garlinghouse:
“ We see that this leads to more demand, and at the same time […] supply is reduced. […] You don't need to be an economics student to understand what's coming next . »
A market cap that will double in 2024?
Hence a very optimistic conclusion from the CEO of Ripple: the prices of cryptocurrencies will jump and the total capitalization “ will double by the end of the year ” . Currently, the market cap for crypto assets stands at $2.7 trillion. According to Brad Garlinghouse, it could therefore reach $5.4 trillion by December 2024.
The CEO of Ripple is not the only one to be particularly optimistic for the end of the year. For the Standard Chartered bank, the price of BTC could reach $150,000 this year . Furthermore, billionaire Mark Cuban also affirmed that demand would exceed supply:
“ The more people buy it, the fewer people sell it, the more the price will increase. It's his nature. This is a very good store of value . »
With the halving in two weeks, and a Bitcoin price which has continued to flirt with $70,000 in recent days
❗PLEASE SUBSCRIBE GUYS FOR MORE❗
#XRPCOIN
CRYPTOCURRENCIES: DO KWON, FOUNDER OF TERRA LUNA, FOUND GUILTY OF DEFRAUDING INVESTORS
In May 2022, its Terra Luna ecosystem caused investors to lose $40 billion following its collapse.
The verdict is in. Friday April 5, Do Kwon, the founder of Terra Luna and his Terraform Lab foundation, was found responsible for civil fraud by the American justice system, reports Bloomberg . This decision puts an end to a lawsuit filed by the American stock market watchdog, the SEC (Security and Exchange Commission), against Do Kwon and his empire in February 2023.
An American jury concluded that Do Kwon had misled investors, by making people believe in the reliability of their crypto company. As a reminder, in the spring of 2022, the luna cryptocurrency and the UST stablecoin of this ecosystem collapsed in a few days, causing investors to lose more than $40 billion.
“Despite all the promises of the crypto ecosystem, the lack of registration and compliance has real consequences for real people,” SEC member Gurbir Grewal said after the trial.
In December 2023, Jed Rakoff, an American judge, had already rendered a judgment according to which Do Kwon and Terra Labs were selling unregistered securities in the United States, giving weight to the SEC's
"Next steps"
This Saturday, Terraform Labs expressed its “disappointment” at the end of the trial.
“We continue to maintain that the SEC does not have the legal authority to bring this action at all, and we are carefully evaluating our options and next steps,” the company responded on X.
Currently detained in Montenegro, Do Kwon will eventually be extradited to South Korea after a battle between the country and the United States. The latter faces criminal charges in the United States and South Korea in connection with the collapse of its ecosystem.
#LUNAUpdate #BinanceSquareCreator #LUNA✅
In May 2022, its Terra Luna ecosystem caused investors to lose $40 billion following its collapse.
The verdict is in. Friday April 5, Do Kwon, the founder of Terra Luna and his Terraform Lab foundation, was found responsible for civil fraud by the American justice system, reports Bloomberg . This decision puts an end to a lawsuit filed by the American stock market watchdog, the SEC (Security and Exchange Commission), against Do Kwon and his empire in February 2023.
An American jury concluded that Do Kwon had misled investors, by making people believe in the reliability of their crypto company. As a reminder, in the spring of 2022, the luna cryptocurrency and the UST stablecoin of this ecosystem collapsed in a few days, causing investors to lose more than $40 billion.
“Despite all the promises of the crypto ecosystem, the lack of registration and compliance has real consequences for real people,” SEC member Gurbir Grewal said after the trial.
In December 2023, Jed Rakoff, an American judge, had already rendered a judgment according to which Do Kwon and Terra Labs were selling unregistered securities in the United States, giving weight to the SEC's
"Next steps"
This Saturday, Terraform Labs expressed its “disappointment” at the end of the trial.
“We continue to maintain that the SEC does not have the legal authority to bring this action at all, and we are carefully evaluating our options and next steps,” the company responded on X.
Currently detained in Montenegro, Do Kwon will eventually be extradited to South Korea after a battle between the country and the United States. The latter faces criminal charges in the United States and South Korea in connection with the collapse of its ecosystem.
#LUNAUpdate #BinanceSquareCreator #LUNA✅
#BSC_Daily
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BSCDaily
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SAGA on Binance Launchpool - Price Prediction and Growth Potential!
2B+ $FUSD and 17M+ $BNB are being staked for $SAGA!
Why is it so hyped? Read this post and don’t miss your chance to invest in one of the biggest stories of this year!
#SAGALAUNCHPOOL
I. What is Saga?
How does it work?
Saga is a Layer 1 protocol that enables developers to create VM-agnostic, parallelized, and interoperable dedicated chains called Chainlets.
Each Chainlet shares the same validator set and security model as the Saga Mainnet.Key features of Chainlets include:
Infinite horizontal scalability: Applications can elastically scale to peak performance and speed.Costless transactions and predictable chain fees: Developers can choose various monetization models.Automation: Chainlets can be easily deployed using the Saga WebApp.Interoperability and fast bridging: Users can transfer assets between Chainlets and other ecosystems.Fully flexible stack: Developers have dedicated chains for optimal flexibility and customizability.
In essence, Saga empowers developers with a versatile and scalable blockchain solution.
Achievements
As of April 1, 2024, the Saga Innovator Program comprises 350 projects, with 80% focused on gaming. The remaining 10% involve NFTs and entertainment, while another 10% are related to DeFi.
In March 2024, Saga introduced Saga Origins, a game publishing division dedicated to launching innovative games. Saga has also partnered with several Layer 1 protocols, including Polygon, Avalanche, Celestia, MarbleX, and Com2uS, to enhance their infrastructure using Chainlets.
Fundraising
- Total Raised: $15 million
- Investors include Placeholder, Maven11, Longhash, Samsung, Com2uS, Polygon, Merit Circle, Figment and Chorus One.
II. Launchpool & Token Information
SAGA Launchpool Details:
Token Name: Saga (SAGA)
Max Token Supply: 1,000,000,000 SAGA Launchpool Token Rewards: 45,000,000 SAGA (4.5% of max token supply)Initial Circulating Supply: 90,000,000 SAGA (9% of max token supply)Smart Contract Details: Saga Security ChainFarming Period: 2024-04-05 00:00 (UTC) to 2024-04-08 23:59 (UTC).Supported Pools:
Stake BNB: 36,000,000 SAGA in rewards (80%) Stake FDUSD: 9,000,000 SAGA in rewards (20%)
$SAGA Utility:
Payment for Chainlets: Developers pay $SAGA tokens to the network validators to instantiate and keep their Chainlets alive.
Staking: Stakers help secure the network and receive $SAGA tokens and the tokens of projects building on the Saga protocol as a reward.Governance: $SAGA token holders will be able to vote on network governance decisions.
Don’t fade on Saga, participate in the launchpool now 👇
Join SAGA Launchpool Now
Don’t have an account? Register & Trade Now to Get a 10% Fee Discount 👇
Trade Now With a Permanent 10% Reduced Fee
III. SAGA Price Prediction & Our POV
Price Prediction
Total Supply: 1,000,000,000
Initial Supply: 90,000,000 (9% of total supply)
Recent Layer 1 & Infrastructure Project on Launchpool:
Considering all the information above, combined with all the achievements SAGA has got, $SAGA price could be around 4.5 - 6$, equal to the marketcap of around $400M - $600M on the listing date.
Our POV
The amount of airdropped tokens is 15.5% and only 1.5% can be unlocked on the listing date and vested every 1% each month, so we predict there will not be a strong dump force at the time of listing.
However, we suggest waiting until after the airdrop claimers have sold their tokens on the market before considering buying
→ In our view, setting buy orders within the range of 4.5$ - 5.5$ (based on our price prediction) seems reasonable.
Don’t fade on Saga, participate in the launchpool now 👇
Join SAGA Launchpool Now
Don’t have an account? Register & Trade Now to Get a 10% Fee Discount 👇
Trade Now With a Permanent 10% Reduced Fee
Why is it so hyped? Read this post and don’t miss your chance to invest in one of the biggest stories of this year!
#SAGALAUNCHPOOL
I. What is Saga?
How does it work?
Saga is a Layer 1 protocol that enables developers to create VM-agnostic, parallelized, and interoperable dedicated chains called Chainlets.
Each Chainlet shares the same validator set and security model as the Saga Mainnet.Key features of Chainlets include:
Infinite horizontal scalability: Applications can elastically scale to peak performance and speed.Costless transactions and predictable chain fees: Developers can choose various monetization models.Automation: Chainlets can be easily deployed using the Saga WebApp.Interoperability and fast bridging: Users can transfer assets between Chainlets and other ecosystems.Fully flexible stack: Developers have dedicated chains for optimal flexibility and customizability.
In essence, Saga empowers developers with a versatile and scalable blockchain solution.
Achievements
As of April 1, 2024, the Saga Innovator Program comprises 350 projects, with 80% focused on gaming. The remaining 10% involve NFTs and entertainment, while another 10% are related to DeFi.
In March 2024, Saga introduced Saga Origins, a game publishing division dedicated to launching innovative games. Saga has also partnered with several Layer 1 protocols, including Polygon, Avalanche, Celestia, MarbleX, and Com2uS, to enhance their infrastructure using Chainlets.
Fundraising
- Total Raised: $15 million
- Investors include Placeholder, Maven11, Longhash, Samsung, Com2uS, Polygon, Merit Circle, Figment and Chorus One.
II. Launchpool & Token Information
SAGA Launchpool Details:
Token Name: Saga (SAGA)
Max Token Supply: 1,000,000,000 SAGA Launchpool Token Rewards: 45,000,000 SAGA (4.5% of max token supply)Initial Circulating Supply: 90,000,000 SAGA (9% of max token supply)Smart Contract Details: Saga Security ChainFarming Period: 2024-04-05 00:00 (UTC) to 2024-04-08 23:59 (UTC).Supported Pools:
Stake BNB: 36,000,000 SAGA in rewards (80%) Stake FDUSD: 9,000,000 SAGA in rewards (20%)
$SAGA Utility:
Payment for Chainlets: Developers pay $SAGA tokens to the network validators to instantiate and keep their Chainlets alive.
Staking: Stakers help secure the network and receive $SAGA tokens and the tokens of projects building on the Saga protocol as a reward.Governance: $SAGA token holders will be able to vote on network governance decisions.
Don’t fade on Saga, participate in the launchpool now 👇
Join SAGA Launchpool Now
Don’t have an account? Register & Trade Now to Get a 10% Fee Discount 👇
Trade Now With a Permanent 10% Reduced Fee
III. SAGA Price Prediction & Our POV
Price Prediction
Total Supply: 1,000,000,000
Initial Supply: 90,000,000 (9% of total supply)
Recent Layer 1 & Infrastructure Project on Launchpool:
Considering all the information above, combined with all the achievements SAGA has got, $SAGA price could be around 4.5 - 6$, equal to the marketcap of around $400M - $600M on the listing date.
Our POV
The amount of airdropped tokens is 15.5% and only 1.5% can be unlocked on the listing date and vested every 1% each month, so we predict there will not be a strong dump force at the time of listing.
However, we suggest waiting until after the airdrop claimers have sold their tokens on the market before considering buying
→ In our view, setting buy orders within the range of 4.5$ - 5.5$ (based on our price prediction) seems reasonable.
Don’t fade on Saga, participate in the launchpool now 👇
Join SAGA Launchpool Now
Don’t have an account? Register & Trade Now to Get a 10% Fee Discount 👇
Trade Now With a Permanent 10% Reduced Fee
Gaimin, the innovative gaming platform that rewards its users thanks to Web3
Gaimin offers an innovative solution that allows users to earn rewards by sharing the computing power of their graphics card through a blockchain-based platform. Discover this actor from the DePIN narrative.
Gaimin, or how to solve one of the biggest problems of our era
The Gaimin platform was born from a simple observation: in the era of new technologies, which results in an exponential digitalization of our society, the quantity of computer data generated is exploding .
This is mainly due to 2 factors: on the one hand, sources such as social media, Internet of Things (IoT) connected devices, sensors, online transactions, etc., produce a huge amount data every day .
On the other hand, IT applications and tasks are becoming more and more complex . Areas such as artificial intelligence (AI), machine learning (ML), modeling and simulation require considerable computing resources to operate effectively.
Although the computing power of electronic components increases every year, they cannot keep up with the pace at which needs are increasing.
#web3gaming #BinanceSquareCreator
Gaimin offers an innovative solution that allows users to earn rewards by sharing the computing power of their graphics card through a blockchain-based platform. Discover this actor from the DePIN narrative.
Gaimin, or how to solve one of the biggest problems of our era
The Gaimin platform was born from a simple observation: in the era of new technologies, which results in an exponential digitalization of our society, the quantity of computer data generated is exploding .
This is mainly due to 2 factors: on the one hand, sources such as social media, Internet of Things (IoT) connected devices, sensors, online transactions, etc., produce a huge amount data every day .
On the other hand, IT applications and tasks are becoming more and more complex . Areas such as artificial intelligence (AI), machine learning (ML), modeling and simulation require considerable computing resources to operate effectively.
Although the computing power of electronic components increases every year, they cannot keep up with the pace at which needs are increasing.
#web3gaming #BinanceSquareCreator
Bitcoin will reach $1.5 million! Reaffirms Cathie Wood
In the world of finance, Cathie Wood is part of the minority who has managed to build a stellar reputation. His audacity leads him to constantly defy conventions. She thus has her astronomical forecast for Bitcoin. No amount of market turbulence would change her mind. Let us see here the confines of investment, where the boundaries are pushed back.
Where does Wood's unflappable conviction come from?
Cathie Wook is not in the habit of backing down from challenges. Indeed, she prefers to look for opportunities that present themselves with each of these challenges. Although the skeptics give up, she convinces herself based on several factors that Bitcoin will reach $1.5 million. First of all, it presents institutional interest in Bitcoin. Exchange-traded funds ( ETFs ) have been a major catalyst. Additionally, Wood emphasizes a historical fact of Bitcoin. Bitcoin thrived during the debt crisis. This is proven by its remarkable performance following the implosion of Silicon Valley Bank.
What will the next Bitcoin halving create?
A crucial factor that could propel Bitcoin to new highs is the upcoming halving. This event, planned to halve the issuance of new Bitcoins, has historically been a bullish catalyst. However, Wood cautions against setting expectations too high in the short term. She acknowledges that it will likely take time before the full effects are felt.
Although Cathie Wood's goals may seem overly audacious or even unachievable, they reflect her forward-thinking vision. Only time will tell if his $1.5 million Bitcoin goal comes to fruition.
#BTC、 #BinanceSquareCreator #BTCHalvingApril2024
In the world of finance, Cathie Wood is part of the minority who has managed to build a stellar reputation. His audacity leads him to constantly defy conventions. She thus has her astronomical forecast for Bitcoin. No amount of market turbulence would change her mind. Let us see here the confines of investment, where the boundaries are pushed back.
Where does Wood's unflappable conviction come from?
Cathie Wook is not in the habit of backing down from challenges. Indeed, she prefers to look for opportunities that present themselves with each of these challenges. Although the skeptics give up, she convinces herself based on several factors that Bitcoin will reach $1.5 million. First of all, it presents institutional interest in Bitcoin. Exchange-traded funds ( ETFs ) have been a major catalyst. Additionally, Wood emphasizes a historical fact of Bitcoin. Bitcoin thrived during the debt crisis. This is proven by its remarkable performance following the implosion of Silicon Valley Bank.
What will the next Bitcoin halving create?
A crucial factor that could propel Bitcoin to new highs is the upcoming halving. This event, planned to halve the issuance of new Bitcoins, has historically been a bullish catalyst. However, Wood cautions against setting expectations too high in the short term. She acknowledges that it will likely take time before the full effects are felt.
Although Cathie Wood's goals may seem overly audacious or even unachievable, they reflect her forward-thinking vision. Only time will tell if his $1.5 million Bitcoin goal comes to fruition.
#BTC、 #BinanceSquareCreator #BTCHalvingApril2024
Ripple to launch its stablecoin – Everything you need to know
Ripple, the company issuing the XRP token, plans to launch a US dollar-backed stablecoin to compete with heavyweights like Tether (USDT) and Circle (USDC). This stablecoin, whose name has not yet been revealed, will be launched on the Ethereum environment and on the Ripple blockchain as an ERC-20 token.
Ripple prepares a stablecoin pegged to the US dollar
A stablecoin designed to compete with market giants Tether, with its USDT now capitalized at more than $100 billion, and Circle, with its USDC which is approaching $33 billion: this is what Brad Garlinghouse announced , the CEO of Ripple, in an interview .
The company issuing XRP intends to launch a stablecoin backed by the dollar, which will be launched on the Ethereum environment and on the Ripple blockchain in the form of an ERC-20 token . The stablecoin, whose name has not yet been revealed, is expected to be released later this year.
As part of an interview with our colleagues at The Block, David Schwartz, Ripple's CTO, indicated that the company would have liked to launch a stablecoin sooner , but that economic factors had led them to be somewhat cautious. The increase in interest rates would have changed the situation and made the market more attractive, according to him.
#BinanceSquareCreator #RIPPLED #XRP/USDT🔥🔥:
Ripple, the company issuing the XRP token, plans to launch a US dollar-backed stablecoin to compete with heavyweights like Tether (USDT) and Circle (USDC). This stablecoin, whose name has not yet been revealed, will be launched on the Ethereum environment and on the Ripple blockchain as an ERC-20 token.
Ripple prepares a stablecoin pegged to the US dollar
A stablecoin designed to compete with market giants Tether, with its USDT now capitalized at more than $100 billion, and Circle, with its USDC which is approaching $33 billion: this is what Brad Garlinghouse announced , the CEO of Ripple, in an interview .
The company issuing XRP intends to launch a stablecoin backed by the dollar, which will be launched on the Ethereum environment and on the Ripple blockchain in the form of an ERC-20 token . The stablecoin, whose name has not yet been revealed, is expected to be released later this year.
As part of an interview with our colleagues at The Block, David Schwartz, Ripple's CTO, indicated that the company would have liked to launch a stablecoin sooner , but that economic factors had led them to be somewhat cautious. The increase in interest rates would have changed the situation and made the market more attractive, according to him.
#BinanceSquareCreator #RIPPLED #XRP/USDT🔥🔥:
Binance Launchpool from Saga: how to participate to earn SAGA tokens?
Via Binance Launchpool, the platform offers the opportunity to holders of BNB and FDUSD to participate in the farming of SAGA tokens of the Saga protocol, which allows developers to create blockchains for very specific uses. How to participate in this Launchpool to obtain SAGA tokens?
How to earn SAGA tokens via the Binance Launchpool?
The Binance platform welcomes the layer 1 Saga and its token of the same name within its Launchpool , this product which allows you to obtain tokens before their launch on the market.
By temporarily locking BNB and/or FDUSD in Binance Launchpool pools, users will be able to obtain SAGA tokens at the end of the farming period . It will be open from April 5 (00:00 UTC) to April 8 (23:59 UTC).
To participate, simply create an account on Binance , hold BNB and/or FDUSD and click on the “More” tab then on “Launchpad and Launchpool”.
As soon as the farming period begins, you will find on this page the 2 pools dedicated to the SAGA token, where you simply need to place BNB and/or FDUSD in staking (free of charge) to start farming.
#SAGALAUNCHPOOL #BinanceLaunchpool #BinanceSquareCreator
Via Binance Launchpool, the platform offers the opportunity to holders of BNB and FDUSD to participate in the farming of SAGA tokens of the Saga protocol, which allows developers to create blockchains for very specific uses. How to participate in this Launchpool to obtain SAGA tokens?
How to earn SAGA tokens via the Binance Launchpool?
The Binance platform welcomes the layer 1 Saga and its token of the same name within its Launchpool , this product which allows you to obtain tokens before their launch on the market.
By temporarily locking BNB and/or FDUSD in Binance Launchpool pools, users will be able to obtain SAGA tokens at the end of the farming period . It will be open from April 5 (00:00 UTC) to April 8 (23:59 UTC).
To participate, simply create an account on Binance , hold BNB and/or FDUSD and click on the “More” tab then on “Launchpad and Launchpool”.
As soon as the farming period begins, you will find on this page the 2 pools dedicated to the SAGA token, where you simply need to place BNB and/or FDUSD in staking (free of charge) to start farming.
#SAGALAUNCHPOOL #BinanceLaunchpool #BinanceSquareCreator
Is Shiba Inu about to lose to WIF?
Shiba Inu (SHIB) is the second largest meme coin in the market. But despite its status, the coin faces significant competition with the arrival of dogwifhat (WIF).
Are Shiba Inu Investors Going WIF?
Shiba Inu price action has been disappointing since the beginning of March. The altcoin has been in trouble before, and now dogwifhat is adding to the problems. Indeed, since the new sensation on the meme corners side is currently the third largest piece in its category. This, after an ascent in record time.
Although its market capitalization is only $4 billion, WIF already faces strong competition from SHIB, which has a market capitalization nearly four times larger. As a reminder, the latter amounts to 15.7 billion dollars. Over the last 24 hours, WIF trading volume is approximately $903 million. At the same time, SHIB recorded volumes of $972 million.
Price prediction: monthly lows are near
After recording a correction of over 15% in two days, SHIB price is close to falling below $0.000025. This support line has been tested several times in the past, making it quite important to cross.
Shiba Inu coin is likely to break down to test the $0.00002268 support level. Given the aforementioned conditions, this decline could extend beyond this crucial support level.
#WIF🔥🔥 #SHIB🔥🔥 #BinanceSquareCreator
Shiba Inu (SHIB) is the second largest meme coin in the market. But despite its status, the coin faces significant competition with the arrival of dogwifhat (WIF).
Are Shiba Inu Investors Going WIF?
Shiba Inu price action has been disappointing since the beginning of March. The altcoin has been in trouble before, and now dogwifhat is adding to the problems. Indeed, since the new sensation on the meme corners side is currently the third largest piece in its category. This, after an ascent in record time.
Although its market capitalization is only $4 billion, WIF already faces strong competition from SHIB, which has a market capitalization nearly four times larger. As a reminder, the latter amounts to 15.7 billion dollars. Over the last 24 hours, WIF trading volume is approximately $903 million. At the same time, SHIB recorded volumes of $972 million.
Price prediction: monthly lows are near
After recording a correction of over 15% in two days, SHIB price is close to falling below $0.000025. This support line has been tested several times in the past, making it quite important to cross.
Shiba Inu coin is likely to break down to test the $0.00002268 support level. Given the aforementioned conditions, this decline could extend beyond this crucial support level.
#WIF🔥🔥 #SHIB🔥🔥 #BinanceSquareCreator
Internet Computer (ICP) reaches the $20 threshold: Crypto analysis of April 3, 2024
Internet Computer breaks its latest high to reach $20. Let's take a look at the future prospects of the ICP price together.
Internet Computer Status (ICP)
After peaking at $16.30, Internet Computer (ICP) price began a consolidation phase, stabilizing in a range between this latest price level and $10.30. In late March, ICP broke through this range from above, reaching a new high slightly above $20. Each of these levels had been highlighted in the analysis of March 14, 2024, which confirms their importance.
Conclusion :
thresholds highlighted by preliminary analyses. This dynamic reaffirms the sustained interest in ICP, even in the presence of volatilities, which is promising for a continuation of the upward trend. However, it will be crucial to carefully observe the price reaction at different key levels to confirm or refute the current assumptions. It is also important to remain vigilant against potential “fake outs” and “market squeezes” in each scenario. Finally, let us remember that these analyzes are based solely on technical criteria and that the price of cryptocurrencies can also evolve quickly depending on other more fundamental factors.
#ICP. #BinanceSquareCreator
Internet Computer breaks its latest high to reach $20. Let's take a look at the future prospects of the ICP price together.
Internet Computer Status (ICP)
After peaking at $16.30, Internet Computer (ICP) price began a consolidation phase, stabilizing in a range between this latest price level and $10.30. In late March, ICP broke through this range from above, reaching a new high slightly above $20. Each of these levels had been highlighted in the analysis of March 14, 2024, which confirms their importance.
Conclusion :
thresholds highlighted by preliminary analyses. This dynamic reaffirms the sustained interest in ICP, even in the presence of volatilities, which is promising for a continuation of the upward trend. However, it will be crucial to carefully observe the price reaction at different key levels to confirm or refute the current assumptions. It is also important to remain vigilant against potential “fake outs” and “market squeezes” in each scenario. Finally, let us remember that these analyzes are based solely on technical criteria and that the price of cryptocurrencies can also evolve quickly depending on other more fundamental factors.
#ICP. #BinanceSquareCreator
❗❗❗❗❗❗
LIVEEthereum Daily
--
Ethena ($ENA) Price Prediction Contest - Ethereum Daily
Predict the @ethena_labs's closed H1 candle price when listing on @binance on April 2nd to grab⤵️
🎁 Prize: $100 USDT for 5 members who have the closet prediction in the comment section before the snapshot time will get the reward (maximum deviation: 1$) 🤑
Rules✅
1. Like & RT this post
2. Like & Share the post on Binance Square: https://binance.com/en/square/post/6055579355146?ref=13616519&utm_campaign=web_square_share_link&utm_source=copylink
3. Drop your price prediction on this post with your username on Binance Square (i.e.: hello_bro123 - 4$).
📸 Snapshot time: 7 PM UTC, April 2nd⌛️
#ENALAUNCHPOOL
🎁 Prize: $100 USDT for 5 members who have the closet prediction in the comment section before the snapshot time will get the reward (maximum deviation: 1$) 🤑
Rules✅
1. Like & RT this post
2. Like & Share the post on Binance Square: https://binance.com/en/square/post/6055579355146?ref=13616519&utm_campaign=web_square_share_link&utm_source=copylink
3. Drop your price prediction on this post with your username on Binance Square (i.e.: hello_bro123 - 4$).
📸 Snapshot time: 7 PM UTC, April 2nd⌛️
#ENALAUNCHPOOL
❗❗❗❗❗❗
LIVEEthereum Daily
--
Real World Assets meets Liquid Staking - @ethena_labs $ENA - $USDE
#Ethena Labs Spotlights
- $1.4B Total Value Locked
- Users: 104K
- $sUSDe APY 35.2%
- Total Raised: $20.5M - Led by @BinanceLabs @dragonfly_xyz @BlockTower @Delphi_Digital @lightspeedvp @GSR_io @wintermute_t @okx @mirana
- Partners: @MakerDAO @MorphoLabs @0xMantle @CeffuGlobal @ZircuitL2 @WhalesMarket @injective @MantaNetwork @redstone_defi @pendle_fi
#ENALAUNCHPOOL
#ETHENALAUNCHPOOL
1/ Ethena Overview
Ethena is a synthetic dollar protocol built on Ethereum that will provide a crypto-native solution for money not reliant on traditional banking system infrastructure.
It is alongside a globally accessible dollar denominated savings instrument - the 'Internet Bond'.
🔹Permissionless Acquire USDe
🔹Direct Mint USDe
🔹Direct Redeem USDe
🔹Stake & Unstake USDe
2/ $ENA Price Prediction
- Total Supply: $15B
- Initial Supply: 1.425B
OTC Price on @WhalesMarket and @Bybit_Official Pre-market is 0.67$ - 0.7$ at $1 Billion Market Cap
$ENA price could be around $0.7 - 2$ at the listing ATH price and traded mostly around 1$ with a market cap of around $1B - $1.5B
3/ Ethena @binance Launchpool
Supported Pools:
🔹Stake BNB (webpage will be available in around 5 hours): 240,000,000 ENA in rewards (80%)
🔹Stake FDUSD (webpage will be available in around 5 hours): 60,000,000 ENA in rewards (20%)
⏰Farming Start: 2024-03-30 00:00 UTC
Join Ethena Binance Launchpool now
4/ Ethena Core Contributors
Deep experience across traditional finance and crypto-engineering including
- @CryptoHayes - Founding @BitMEX
- Ex-Cerberus - CEO of @ethena_labs Guy Yuong
- Heads Engineering of @wintermute_t
- Co-Heads of Quant - @GoldmanSachs @FlowTraders
- Head of Growth @LidoFinance @GoldmanSachs
- Head of Product - @tradeparadigm @DeribitExchange
5/ To read more of Ethena, Please visit
https://www.binance.com/en/support/announcement/introducing-ethena-ena-on-binance-launchpool-farm-ena-by-staking-bnb-and-fdusd-6c216f219f0e42adb1849759dee3fbd9
Don’t have an account? Register & Trade Now to Get a 10% Fee Discount 👇
Trade Now With a Permanent 10% Reduced Fee
- $1.4B Total Value Locked
- Users: 104K
- $sUSDe APY 35.2%
- Total Raised: $20.5M - Led by @BinanceLabs @dragonfly_xyz @BlockTower @Delphi_Digital @lightspeedvp @GSR_io @wintermute_t @okx @mirana
- Partners: @MakerDAO @MorphoLabs @0xMantle @CeffuGlobal @ZircuitL2 @WhalesMarket @injective @MantaNetwork @redstone_defi @pendle_fi
#ENALAUNCHPOOL
#ETHENALAUNCHPOOL
1/ Ethena Overview
Ethena is a synthetic dollar protocol built on Ethereum that will provide a crypto-native solution for money not reliant on traditional banking system infrastructure.
It is alongside a globally accessible dollar denominated savings instrument - the 'Internet Bond'.
🔹Permissionless Acquire USDe
🔹Direct Mint USDe
🔹Direct Redeem USDe
🔹Stake & Unstake USDe
2/ $ENA Price Prediction
- Total Supply: $15B
- Initial Supply: 1.425B
OTC Price on @WhalesMarket and @Bybit_Official Pre-market is 0.67$ - 0.7$ at $1 Billion Market Cap
$ENA price could be around $0.7 - 2$ at the listing ATH price and traded mostly around 1$ with a market cap of around $1B - $1.5B
3/ Ethena @binance Launchpool
Supported Pools:
🔹Stake BNB (webpage will be available in around 5 hours): 240,000,000 ENA in rewards (80%)
🔹Stake FDUSD (webpage will be available in around 5 hours): 60,000,000 ENA in rewards (20%)
⏰Farming Start: 2024-03-30 00:00 UTC
Join Ethena Binance Launchpool now
4/ Ethena Core Contributors
Deep experience across traditional finance and crypto-engineering including
- @CryptoHayes - Founding @BitMEX
- Ex-Cerberus - CEO of @ethena_labs Guy Yuong
- Heads Engineering of @wintermute_t
- Co-Heads of Quant - @GoldmanSachs @FlowTraders
- Head of Growth @LidoFinance @GoldmanSachs
- Head of Product - @tradeparadigm @DeribitExchange
5/ To read more of Ethena, Please visit
https://www.binance.com/en/support/announcement/introducing-ethena-ena-on-binance-launchpool-farm-ena-by-staking-bnb-and-fdusd-6c216f219f0e42adb1849759dee3fbd9
Don’t have an account? Register & Trade Now to Get a 10% Fee Discount 👇
Trade Now With a Permanent 10% Reduced Fee
LIVEBSCDaily
--
Ethena Analysis & Price prediction released
Still curious about the potential of Ethena - the 50th project on Binance Launchpool? We have released analysis about @ethena_labs potential growth and $ENA price prediction 🧐 Don't miss your chance, check now: https://t.co/eBkK2AvAce @binance #Ethena #binancelaunchpool
#ENALAUNCHPOOL
#ETHENALAUNCHPOOL
#ENALAUNCHPOOL
#ETHENALAUNCHPOOL
LIVEBSCDaily
--
Ethena on Binance Launchpool - Price Prediction & Growth Potential!
Curious about the potential of Ethena? Read this post and don’t miss your chance to invest in one of the biggest stories of this year!
#ENALAUNCHPOOL
#ETHENALAUNCHPOOL
I. What is Ethena?
How does it work?
Ethena is a decentralized stablecoin solution with a novel model:
To minimize the risk of holding ETH and ETH liquid staking tokens as collateral, the project will establish a short ETH position on the CEX exchange with corresponding value to form the delta hedging strategy. The amount of ETH collected will be used as collateral for the stablecoin USDe. Users holding the locked version of this stablecoin, sUSDe, will both receive ETH staking interest and receive funding rate interest from the ETH short position.
Achievements:
$1.4B in Total Value LockedUsers: 104K$sUSDe APY: 35.2% (an extremely impressive APR)
Ethena’s USDe supply is now:
>1.5x larger than the entire tokenized treasury RWA market>3x larger than the entire onchain ETH open interest for every DEX combinedHigher than all stablecoins on Base, Blast, zkSync, Aptos and Starknet…combined.
Ethena also became the highest earning protocol in the industry in just 3 weeks, setting a new benchmark for DeFi interest rates, while growing the Reserve Fund to over $25m in a month.
Fundraising:
- Total Raised: $20.5M
- Led by Tier 1 investors: DragonFly Capital, Binance Labs, Delphi Digital, Wintermute, GSR, OKX, BlockTower, Lightspeed and Mirana Ventures.
II. Launchpool & Token Information
Token Name: Ethena (ENA)Launchpool Token Rewards: 300,000,000 ENA (2% of max token supply)Initial Circulating Supply: 1,425,000,000 ENA (9.5% of max token supply)Smart Contract Details: EthereumFarming Period: 2024-03-30 00:00 (UTC) to 2024-04-01 23:59 (UTC). (3 days)Supported Pools: Stake $BNB: 240,000,000 ENA in rewards (80%) Stake $FDUSD: 60,000,000 ENA in rewards (20%)
$ENA Utility: The primary role of the native Ethena token is granting access to governance votings regarding the protocol, including risk management frameworks, DEX integrations, USDe backing exposure, and more.
Don’t fade on Ethena, participate in the launchpool now 👇
Join ETHENA Launchpool Now
Don’t have an account? Register & Trade Now to Get a 10% Fee Discount 👇
Trade Now With a Permanent 10% Reduced Fee
III. Ethena Price Prediction & Our POV
Price Prediction
Total Supply: $15BInitial Supply: $1.425B OTC Price on @WhalesMarket: 0.67$ - 0.7$ ~ $1 Billion Market Cap
Considering all the information above, $ENA price could be around $0.7 - 2$ at the listing ATH price and traded mostly around 0.7 - 1$ with market cap around $1B - $1.5B
POV
Pros:
Low Initial Market Cap / Fully Diluted Valuation (FDV) ratio (9.5%)Long cliff period of core team & investors (unlock at Q1/2025) - which shows high commitmentImpressive achievement with an extremely innovative stablecoin algorithmHuge support from Tier-1 investors High demand products and compelling stories.
Cons:
Delta Hedging technique can become double-edge sword History and bad reputation of Algo-Stablecoin concept (LUNA/UST)
Although containing some worth-considering cons, we believe with the competent tokenomics, high commitment and extremely innovative concept, Ethena can become one of the biggest stories of the year and surpass billions in the marketcap.
At the time of listing, we believe there will be just a slight dump due to the Ethena rules applying to the top 2000 wallets which are only able to claim 50% at the time of claiming, while the remaining will be subject to a 6 month vesting period. However, we suggest waiting until after the airdrop claimers have sold their tokens on the market before considering buying
→ In our view, setting buy orders within the range of $0.3 to $0.7 (based on our price prediction) seems reasonable.
Don’t fade on Ethena, participate in the launchpool now 👇
Join ETHENA Launchpool Now
Don’t have an account? Register & Trade Now to Get a 10% Fee Discount 👇
Trade Now With a Permanent 10% Reduced Fee
#ENALAUNCHPOOL
#ETHENALAUNCHPOOL
I. What is Ethena?
How does it work?
Ethena is a decentralized stablecoin solution with a novel model:
To minimize the risk of holding ETH and ETH liquid staking tokens as collateral, the project will establish a short ETH position on the CEX exchange with corresponding value to form the delta hedging strategy. The amount of ETH collected will be used as collateral for the stablecoin USDe. Users holding the locked version of this stablecoin, sUSDe, will both receive ETH staking interest and receive funding rate interest from the ETH short position.
Achievements:
$1.4B in Total Value LockedUsers: 104K$sUSDe APY: 35.2% (an extremely impressive APR)
Ethena’s USDe supply is now:
>1.5x larger than the entire tokenized treasury RWA market>3x larger than the entire onchain ETH open interest for every DEX combinedHigher than all stablecoins on Base, Blast, zkSync, Aptos and Starknet…combined.
Ethena also became the highest earning protocol in the industry in just 3 weeks, setting a new benchmark for DeFi interest rates, while growing the Reserve Fund to over $25m in a month.
Fundraising:
- Total Raised: $20.5M
- Led by Tier 1 investors: DragonFly Capital, Binance Labs, Delphi Digital, Wintermute, GSR, OKX, BlockTower, Lightspeed and Mirana Ventures.
II. Launchpool & Token Information
Token Name: Ethena (ENA)Launchpool Token Rewards: 300,000,000 ENA (2% of max token supply)Initial Circulating Supply: 1,425,000,000 ENA (9.5% of max token supply)Smart Contract Details: EthereumFarming Period: 2024-03-30 00:00 (UTC) to 2024-04-01 23:59 (UTC). (3 days)Supported Pools: Stake $BNB: 240,000,000 ENA in rewards (80%) Stake $FDUSD: 60,000,000 ENA in rewards (20%)
$ENA Utility: The primary role of the native Ethena token is granting access to governance votings regarding the protocol, including risk management frameworks, DEX integrations, USDe backing exposure, and more.
Don’t fade on Ethena, participate in the launchpool now 👇
Join ETHENA Launchpool Now
Don’t have an account? Register & Trade Now to Get a 10% Fee Discount 👇
Trade Now With a Permanent 10% Reduced Fee
III. Ethena Price Prediction & Our POV
Price Prediction
Total Supply: $15BInitial Supply: $1.425B OTC Price on @WhalesMarket: 0.67$ - 0.7$ ~ $1 Billion Market Cap
Considering all the information above, $ENA price could be around $0.7 - 2$ at the listing ATH price and traded mostly around 0.7 - 1$ with market cap around $1B - $1.5B
POV
Pros:
Low Initial Market Cap / Fully Diluted Valuation (FDV) ratio (9.5%)Long cliff period of core team & investors (unlock at Q1/2025) - which shows high commitmentImpressive achievement with an extremely innovative stablecoin algorithmHuge support from Tier-1 investors High demand products and compelling stories.
Cons:
Delta Hedging technique can become double-edge sword History and bad reputation of Algo-Stablecoin concept (LUNA/UST)
Although containing some worth-considering cons, we believe with the competent tokenomics, high commitment and extremely innovative concept, Ethena can become one of the biggest stories of the year and surpass billions in the marketcap.
At the time of listing, we believe there will be just a slight dump due to the Ethena rules applying to the top 2000 wallets which are only able to claim 50% at the time of claiming, while the remaining will be subject to a 6 month vesting period. However, we suggest waiting until after the airdrop claimers have sold their tokens on the market before considering buying
→ In our view, setting buy orders within the range of $0.3 to $0.7 (based on our price prediction) seems reasonable.
Don’t fade on Ethena, participate in the launchpool now 👇
Join ETHENA Launchpool Now
Don’t have an account? Register & Trade Now to Get a 10% Fee Discount 👇
Trade Now With a Permanent 10% Reduced Fee
Dogwifhat (WIF) reaches a record at $4 and becomes the 3rd most capitalized memecoin
Wow! The Dogwifhat, in great shape in recent weeks, continues its momentum. The price of WIF has in fact just exceeded $4 for the first time, surpassing PEPE. A look back at the memecoin explosion.
Dogwifhat (WIF) becomes the 3rd most capitalized memecoin
As is often the case in the memecoin ecosystem, the Dogwifhat breakthrough was rapid and explosive . The Solana-based cryptocurrency (SOL) was only launched last December, but it has already reached 3rd place among the most capitalized memecoins, behind Dogecoin (DOGE) and Shiba Inu (SHIB).
#DogwifhatRising #Memecoins
⛔Please Like And Subscribe For More.👍
Wow! The Dogwifhat, in great shape in recent weeks, continues its momentum. The price of WIF has in fact just exceeded $4 for the first time, surpassing PEPE. A look back at the memecoin explosion.
Dogwifhat (WIF) becomes the 3rd most capitalized memecoin
As is often the case in the memecoin ecosystem, the Dogwifhat breakthrough was rapid and explosive . The Solana-based cryptocurrency (SOL) was only launched last December, but it has already reached 3rd place among the most capitalized memecoins, behind Dogecoin (DOGE) and Shiba Inu (SHIB).
#DogwifhatRising #Memecoins
⛔Please Like And Subscribe For More.👍
Price Prediction: Will Investors See $12 Again?
Bullish indices suggest that Polkadot price is certainly on the path to recovery. As a result, it could continue to rise. Over the past few weeks, DOT has generated a bullish reversal pattern. The latter even suggested a potential rally of 31%. So, the price target for the crypto is $12.
Although the DOT failed to achieve this goal in the previous hike, it could achieve it this time around. This, on condition of crossing the resistance levels marked at $10 and $11.
These prices could act as a barrier to Polkadot’s rise. If DOT fails to break through these resistances, it could move back down to the $9.2 support. And if the asset fails to break through these resistances, it could fall back to the support floor of $9.2. Losing this level would then negate the bullish thesis, leading to a decline to $8.
#Dot #dotcoin #BinanceSquareCreator
Bullish indices suggest that Polkadot price is certainly on the path to recovery. As a result, it could continue to rise. Over the past few weeks, DOT has generated a bullish reversal pattern. The latter even suggested a potential rally of 31%. So, the price target for the crypto is $12.
Although the DOT failed to achieve this goal in the previous hike, it could achieve it this time around. This, on condition of crossing the resistance levels marked at $10 and $11.
These prices could act as a barrier to Polkadot’s rise. If DOT fails to break through these resistances, it could move back down to the $9.2 support. And if the asset fails to break through these resistances, it could fall back to the support floor of $9.2. Losing this level would then negate the bullish thesis, leading to a decline to $8.
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