STPT (STP Token) is a cryptocurrency token that powers the Standard Tokenization Protocol (STP) ecosystem, focusing on:$STPT
_Key Features:_
1. _Tokenization platform_: STPT enables the tokenization of assets, making them tradable on blockchain networks.
2. _Decentralized finance (DeFi) integration_: STPT integrates with DeFi protocols for lending, borrowing, and yield farming.
3. _Non-fungible token (NFT) support_: STPT supports the creation and trading of NFTs.
4. _Decentralized governance_: STPT has a decentralized governance model, allowing holders to contribute to decision-making processes.
5. _Cross-chain compatibility_: STPT aims to be compatible with multiple blockchain networks.
_Use Cases:_
1. _Asset tokenization and trading_
2. _DeFi lending, borrowing, and yield farming_
3. _NFT creation and trading_
4. _Decentralized governance and decision-making_
5. _Cross-chain compatibility and interoperability_
_Benefits:_
1. _Tokenization of assets for increased liquidity_
2. _DeFi integration for lending, borrowing, and yield farming_
3. _NFT support for unique digital assets_
4. _Decentralized governance and community involvement_
5. _Cross-chain compatibility for broader ecosystem access_
STPT aims to create a tokenization platform for assets, DeFi integration, NFT support, and decentralized governance, with STPT playing a central role in the ecosystem.
Please note that the information available on STPT coin is subject to change, and it's essential to stay up-to-date with market trends and regulations. As with any cryptocurrency, it's crucial to conduct thorough research and stay informed before making any investment decisions.
PENDLE (Pendle) is a cryptocurrency token that powers the Pendle decentralized finance (DeFi) platform, focusing on:$PENDLE
_Key Features:_
1. _Decentralized finance (DeFi) platform_: PENDLE enables decentralized and permissionless access to financial markets.
2. _Yield trading and optimization_: PENDLE allows for yield trading and optimization on the blockchain.
3. _Decentralized governance_: PENDLE has a decentralized governance model, allowing holders to contribute to decision-making processes.
4. _Smart contract functionality_: PENDLE supports smart contracts for automation and decentralized logic.
5. _Liquidity provision and rewards_: PENDLE incentivizes liquidity provision with rewards for market makers.
_Use Cases:_
1. _Decentralized yield trading and optimization_
2. _Decentralized governance and decision-making_
3. _Smart contract-based automation and logic_
4. _Liquidity provision and rewards for market makers_
5. _DeFi applications and integrations_
_Benefits:_
1. _Decentralized and permissionless access to financial markets_
2. _Innovative yield trading and optimization_
3. _Decentralized governance and community involvement_
4. _Smart contract functionality for automation_
5. _Incentivized liquidity provision and rewards_
Pendle aims to create a decentralized finance platform for yield trading, optimization, and decentralized governance, with PENDLE playing a central role in the ecosystem.
Please note that the information available on PENDLE coin is subject to change, and it's essential to stay up-to-date with market trends and regulations. As with any cryptocurrency, it's crucial to conduct thorough research and stay informed before making any investment decisions.
Launched in 2020, IRIS (IRISnet) is a cryptocurrency token that powers the IRISnet decentralized network, focusing on:$IRIS
_Key Features:_
1. _Decentralized service protocol_: IRIS enables decentralized applications (dApps) and services.
2. _Cross-chain interoperability_: IRIS supports interoperability between different blockchain networks.
3. _Decentralized governance_: IRIS has a decentralized governance model, allowing holders to contribute to decision-making processes.
4. _Smart contract functionality_: IRIS supports smart contracts for automation and decentralized logic.
5. _BFT (Byzantine Fault Tolerance) consensus algorithm_: IRIS utilizes a BFT consensus algorithm for secure and efficient transactions.
_Use Cases:_
1. _Decentralized applications (dApps) and services_
2. _Cross-chain interoperability and collaboration_
3. _Decentralized governance and decision-making_
4. _Smart contract-based automation and logic_
5. _Secure and efficient transactions with BFT consensus_
_Benefits:_
1. _Decentralized and open access to services and applications_
2. _Interoperability between blockchain networks_
3. _Decentralized governance and community involvement_
4. _Smart contract functionality for automation_
5. _Secure and efficient transactions with BFT consensus_
IRISnet aims to create a decentralized network for decentralized applications, cross-chain interoperability, and decentralized governance, with IRIS playing a central role in the ecosystem.
Please note that the information available on IRIS coin is subject to change, and it's essential to stay up-to-date with market trends and regulations. As with any cryptocurrency, it's crucial to conduct thorough research and stay informed before making any investment decisions.
COS (Contentos) is a cryptocurrency token that powers the Contentos decentralized content creation and distribution platform, focusing on:$COS
_Key Features:_
1. _Decentralized content creation and distribution_: COS enables creators to produce, distribute, and monetize content in a decentralized manner.
2. _Blockchain-based rewards system_: COS has a rewards system that incentivizes creators and curators with tokens.
3. _Decentralized governance_: COS has a decentralized governance model, allowing holders to contribute to decision-making processes.
4. _Smart contract functionality_: COS supports smart contracts for automation and decentralized logic.
5. _Content discovery and curation_: COS enables community-driven content discovery and curation.
_Use Cases:_
1. _Decentralized content creation and distribution_
2. _Blockchain-based rewards system for creators and curators_
3. _Decentralized governance and decision-making_
4. _Smart contract-based automation and logic_
5. _Community-driven content discovery and curation_
_Benefits:_
1. _Decentralized and community-driven content ecosystem_
2. _Incentivized content creation and curation_
3. _Decentralized governance and community involvement_
4. _Smart contract functionality for automation_
5. _Enhanced content discovery and curation_
Contentos aims to create a decentralized platform for content creation, distribution, and monetization, with COS playing a central role in the ecosystem.
Please note that the information available on COS coin is subject to change, and it's essential to stay up-to-date with market trends and regulations. As with any cryptocurrency, it's crucial to conduct thorough research and stay informed before making any investment decisions.
CHR (Chromia) is a cryptocurrency token that powers the Chromia decentralized platform, focusing on:$CHR
_Key Features:_
1. _Decentralized applications (dApps) platform_: CHR enables the development of scalable and secure dApps.
2. _Relational database management_: CHR utilizes relational database management for efficient data handling.
3. _Smart contract functionality_: CHR supports smart contracts for automation and decentralized logic.
4. _Decentralized governance_: CHR has a decentralized governance model, allowing holders to contribute to decision-making processes.
5. _Interoperability with other blockchain networks_: CHR aims to be compatible with multiple blockchain networks.
_Use Cases:_
1. _Development of scalable and secure dApps_
2. _Relational database management for efficient data handling_
3. _Smart contract-based automation and logic_
4. _Decentralized governance and decision-making_
5. _Interoperability with other blockchain networks_
_Benefits:_
1. _Scalable and secure dApps development_
2. _Efficient data handling with relational database management_
3. _Smart contract functionality for automation_
4. _Decentralized governance and community involvement_
5. _Interoperability with other blockchain networks_
Chromia aims to create a decentralized platform for scalable and secure dApps development, relational database management, and smart contract functionality, with CHR playing a central role in the ecosystem.
Please note that the information available on CHR coin is subject to change, and it's essential to stay up-to-date with market trends and regulations. As with any cryptocurrency, it's crucial to conduct thorough research and stay informed before making any investment decisions.
AKRO (Akropolis) is a cryptocurrency token that powers the Akropolis decentralized finance (DeFi) platform, focusing on:$AKRO
_Key Features:_
1. _Decentralized finance (DeFi) platform_: AKRO enables decentralized and permissionless access to financial services.
2. _Savings and lending protocols_: AKRO offers decentralized savings and lending protocols for users.
3. _Decentralized governance_: AKRO has a decentralized governance model, allowing holders to contribute to decision-making processes.
4. _Smart contract functionality_: AKRO supports smart contracts for automation and decentralized logic.
5. _Yield farming and rewards_: AKRO incentivizes users with yield farming and rewards for participating in the network.
_Use Cases:_
1. _Decentralized savings and lending_
2. _Decentralized governance and decision-making_
3. _Smart contract-based automation and logic_
4. _Yield farming and rewards for network participation_
5. _Decentralized access to financial services_
_Benefits:_
1. _Decentralized and permissionless access to financial services_
2. _Innovative savings and lending protocols_
3. _Decentralized governance and community involvement_
4. _Smart contract functionality for automation_
5. _Incentivized yield farming and rewards_
Akropolis aims to create a decentralized finance platform for permissionless access to financial services, savings, and lending, with AKRO playing a central role in the ecosystem.
Please note that the information available on AKRO coin is subject to change, and it's essential to stay up-to-date with market trends and regulations. As with any cryptocurrency, it's crucial to conduct thorough research and stay informed before making any investment decisions.
YFI (Yearn.finance) is a cryptocurrency token that powers the Yearn.finance decentralized finance (DeFi) platform, focusing on:$YFI
_Key Features:_
1. _Decentralized finance (DeFi) platform_: YFI enables decentralized lending, borrowing, and yield farming.
2. _Automated market making_: YFI uses automated market makers to optimize lending and borrowing rates.
3. _Decentralized governance_: YFI has a decentralized governance model, allowing holders to contribute to decision-making processes.
4. _Smart contract functionality_: YFI supports smart contracts for automation and decentralized logic.
5. _Liquidity provision and rewards_: YFI incentivizes liquidity provision with rewards for market makers.
_Use Cases:_
1. _Decentralized lending and borrowing_
2. _Yield farming and liquidity provision_
3. _Decentralized governance and decision-making_
4. _Smart contract-based automation and logic_
5. _Liquidity provision and rewards for market makers_
_Benefits:_
1. _Decentralized and permissionless access to DeFi services_
2. _Optimized lending and borrowing rates through automated market making_
3. _Decentralized governance and community involvement_
4. _Smart contract functionality for automation_
5. _Incentivized liquidity provision and rewards_
Yearn.finance aims to create a decentralized finance platform for lending, borrowing, and yield farming, with YFI playing a central role in the ecosystem.
Please note that the information available on YFI coin is subject to change, and it's essential to stay up-to-date with market trends and regulations. As with any cryptocurrency, it's crucial to conduct thorough research and stay informed before making any investment decisions.
Ethereum's supply dynamics are in the spotlight! Over the past week, the net supply grew by 16,975 ETH. With 18,099 ETH minted and 1,124 ETH burned, the supply growth rate now stands at 0.736% per year. As the burn mechanism continues to reduce the circulating supply, how do you see this affecting Ethereum's future?
#Ethereum #CryptoTrends #Binance
$GFT /USDT technical Analysis
**Current Price**: 0.02001 USDT
**Resistance Levels**:
- Immediate Resistance: 0.02139 USDT
- Strong Resistance: 0.02300 USDT
**Support Levels**:
- Immediate Support: 0.01844 USDT
- Strong Support: 0.01770 USDT
Indicators Overview:
**Bollinger Bands**:
- **Upper Band**: 0.02075 USDT
- **Middle Band**: 0.01986 USDT
- **Lower Band**: 0.01896 USDT
- The price is near the Middle Bollinger Band, signaling potential consolidation. A break above the Upper Band could signal a bullish breakout. A drop below the Lower Band might indicate bearish continuation.
**MACD**:
- **DIF**: -0.00003
- **DEA**: -0.00007
- **MACD Histogram**: 0.00004
- MACD line is slightly above the signal line, showing weak bullish momentum. Both lines are close, suggesting market indecision.
**RSI**:
- **RSI(20)**: 51.33
- **RSI(40)**: 50.91
- **RSI(60)**: 50.75
- RSI values are around 50, indicating a neutral market with no clear overbought or oversold conditions.
**Volume**:
- Volume is relatively low compared to previous trading sessions, indicating weak momentum. A spike in volume could signal a breakout.
### Trade Setup:
**Long Trade**:
- **Entry Point**: Consider entering if the price breaks above 0.02139 USDT with strong volume.
- **Target Points**:
- First Target: 0.02300 USDT
- Second Target: 0.02323 USDT
- **Stop Loss**: Set at 0.01844 USDT.
**Short Trade**:
- **Entry Point**: Consider entering if the price falls below 0.01844 USDT.
- **Target Points**:
- First Target: 0.01770 USDT
- Second Target: 0.01750 USDT
- **Stop Loss**: Set at 0.02139 USDT.
Summary:
- The GFT/USDT pair is currently in a consolidation phase. A breakout above 0.02139 USDT or a breakdown below 0.01844 USDT will provide a clearer direction. Monitor RSI and MACD for confirmation of trend development, and manage your
risk carefully, given the low trading volume.
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Potential Issues with Cryptocurrencies Not, Gala, and Pepe
Unverified reports circulating in financial circles suggest that cryptocurrencies Not, Gala, and Pepe might be facing significant challenges. It's claimed that Not is encountering severe technical issues that could lead to its sudden disappearance from the market, with reports indicating major vulnerabilities that might erode investor confidence. Gala is reportedly struggling with deep financial troubles, including massive debts, which could potentially result in bankruptcy. Meanwhile, allegations of internal fraud at Pepe suggest that some project leaders may have engaged in illegal activities, potentially causing a drastic drop in the coinâs value. If these reports are accurate, investors could face substantial losses. It is essential for investors to exercise caution and verify the accuracy of such information before making investment decisions.
$CHR /USDT
**Spot and Resistance in Trading**
In trading, the concept of "spot" refers to the current market price at which an asset, such as a stock, commodity, or currency, can be bought or sold for immediate delivery. It is the real-time price of the asset, reflecting the supply and demand dynamics in the market. Spot prices are crucial for traders as they serve as a reference for determining the value of derivatives, futures, and other financial instruments.
On the other hand, "resistance" is a technical analysis term used to describe a price level where an asset faces selling pressure, preventing it from rising further. This level is typically identified by observing past price action, where the asset has repeatedly struggled to break above a certain price point. Resistance is considered a psychological barrier, as traders and investors often place sell orders at this level, anticipating a price decline.
Understanding the relationship between spot price and resistance is key to successful trading. If an assetâs spot price approaches the resistance level, traders may anticipate a potential reversal or breakout. A breakout above resistance could signal a strong bullish trend, while a failure to break through may indicate a reversal or consolidation period. Monitoring these levels helps traders make informed decisions and manage risk effectively.#TON #DOGSONBINANCE #BNBChainMemecoins #TelegramCEO #PowellAtJacksonHole
{spot}(CHRUSDT)
**Radix RDX Works Trims Workforce by 15% Amid Strategic Refocus**
- RDX Works, the brains behind Radix DeFi platform, has trimmed 15% of its workforce to cut costs and refocus efforts.
- CEO Piers Ridyard announced the changes on Aug. 29, ensuring key projects like Cassandra and MFA remain unaffected.
- Despite the layoffs, the Radix token (XRD) saw a slight 1% uptick, currently priced at $0.02352. đ
- The layoffs follow a new partnership with Keyrock, G-20, and Portofino to introduce flash liquidity to the Radix ecosystem.
Stay tuned for smoother handovers and a leaner, meaner Radix!
**News Flash: RDX Works Cuts 15% of Workforce Amid Cost-Cutting Measures**
RDX Works, the team behind the Radix decentralized finance (DeFi) platform, has announced a 15% reduction in its workforce to lower costs. CEO Piers Ridyard confirmed the layoffs on Aug. 29, stating the move is part of broader changes to refocus the company.
- **Mainnet Launch**: Radix launched its mainnet in July 2023, offering tools for building decentralized applications (DApps) and financial services on the blockchain.
- **Key Projects Unaffected**: Ridyard assured that key projects like the Cassandra test network and multifactor account persona control (MFA) will continue unaffected.
- **Token Impact**: The Radix ecosystem token (XRD) saw a slight 1% increase to $0.02352, though it's still down over 96% from its all-time high in November 2021.
- **Recent Partnership**: The layoffs follow a new partnership with digital asset market maker Keyrock and others to introduce flash liquidity to the Radix ecosystem.
Despite the staff cuts, RDX Works aims for a smooth transition and minimal disruption to ongoing projects.
đ $HBAR #Messari . State of Hedera Q2 2024:
âȘïž In Q2, Hedera experienced QoQ growth across many key metrics, including revenue in USD (+26%), revenue in HBAR (+19%), average daily transactions (+46%), and average daily created accounts (+31%);
âȘïž HBARâs circulating market cap decreased 29% QoQ to $2.7 billion;
âȘïž Announced in May, the HBAR Foundation launched a DeFi TVL growth initiative. As a part of this initiative, 100 million HBAR was allocated to Hederaâs onchain #DEFÄ° economy;
âȘïž Archax, a digital asset exchange protocol that utilizes Hedera, tokenized shares of the #BlackRockâ© ICS U.S. Treasury Fund.
{spot}(HBARUSDT)
Bitcoin Runes records 15.6M NFT transactions, weekly volumes turn positive: Nifty Newsletter
Bitcoin Runes has recorded 15.6 million transactions and generated $162.4 million in fees in four months.
#BNBChainMemecoins #CryptoMarketMoves #In this weekâs newsletter, the non-fungible token platform Magic Eden is launching its own token to expand its business, the Runes protocol on Bitcoin has generated $162.4 million in fees in four months, and find out how Web3 professionals feel about the recent sale of the most expensive CryptoPunk. In other news, weekly NFT volumes have turned positive.
{future}(BTCUSDT)
{future}(ETHUSDT)
$BTC $ETH
**AI Cryptos Take a Hit After Nvidia Earnings Report**
AI-related cryptocurrencies saw a significant drop following Nvidiaâs Q2 2024 earnings release. Despite Nvidia posting $30 billion in revenue, a 15% increase from Q1, the results didn't meet investors' high expectations.
- **Artificial Superintelligence Alliance (FET)**: Down 7.8% to $1.1663
- **Bittensor (TAO)**: Fell 4.5% to $295.22
- **Render (RNDR)**: Dropped 6.8% to $5.47
Nvidia's stock also took a hit, closing at $125.61 and falling further in after-hours trading. Analysts had predicted a strong performance, but the market expected even more. AI crypto tokens have historically mirrored Nvidia's performance, and this quarter was no exception.
đ Bitcoin may be feeling a bit hungover, but don't count it out just yet! đ Bloomberg's Mike McGlone suggests BTC is lagging behind the S&P 500, but hey, even the fastest horse needs a break.
Bitcoin's value is now 11x the S&P 500, down from its 15x peak in 2020. McGlone hints it could dip to 7x. Is this the end of the race or just a pit stop?
Gold's shining, but can BTC bounce back? Share your thoughts below! đŹ #Bitcoin #Crypto #DeFi #Web3 #Tech
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