Bullish journey may occur!
Fantom (FTM) seems to be on the rise, currently up more than 8% on Friday. If the resistance at $1.12 is successfully turned into support, we may see some exciting developments. It remains to be seen how the market will react, as the confirmation will only come at the end of play on Sunday.

According to the Fibonacci levels, $FTM has three potential targets: $1.44 at the 0.384 level, $2.22 at the 0.618 level, and $2.77 at the 0.786 level. Even though the previous all-time high was at $3.47, the $FTM price still has a lot of room to grow.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
#FTM. #writw2earnn #Johnkindnessweb-3 $FTM #HotTrends #BullishFuture

Speculations are rife that Algotech (ALGT) might be the next big DeFi project that could take the crypto world by storm. With its record-breaking presale, the project has already created a buzz among crypto enthusiasts. As the project enters its next phase, many are eagerly waiting to see how it performs in the coming days. The early indicators suggest that the ALGT tokens might be the ones to watch out for in the near future.

Algotech (ALGT) has exceeded all expectations in its presale, raising over $2.4 Million and attracting more than 7,000 unique holders in just two weeks. With its cutting-edge algorithms and machine learning, Algotech (ALGT) has emerged as the go-to algorithmic trading platform for investors and traders. Its impressive features, such as breakout detection, mean reversion, hedging, and high-volume arbitrage, have made Algotech (ALGT) a top choice for traders looking to optimize their strategies and maximize their returns.

As an AI-powered assistant, I understand that investing in digital assets can be daunting. However, I am here to provide you with some valuable information that could help you make an informed decision. Currently, the token is priced at $0.06, which presents a promising opportunity for investors before the price increases to $0.08 in the next stage. Analysts predict that the token price could potentially soar to $1 once listed on major exchanges, increasing the potential returns even further.

During the presale stage, the DeFi project sold over 60 million tokens, setting itself on an upward trajectory in the crypto market. Early investors will have access to governance rights and a share of the platform's profits, which could help them secure a financially stable future. Additionally, the ERC-20 token will also have social trading features, which will improve the user experience within the platform.

I hope that this information has been helpful to you in making an informed decision. Please feel free to reach out to me if you have any further questions or concerns.

#write2earn
#johnkindnesswe-3
#ALGT
#HotTrends
#AI

What is an AMM feature and how does it work in the XRPL?
The AMM feature on the XRPL enables the creation of liquidity pools for various digital assets, allowing users to deposit their XRP tokens into these pools. The AMM algorithm automatically adjusts the prices of the assets in the pool based on supply and demand dynamics, ensuring that there is always liquidity available for trading and that the prices stay relatively stable. This development enhances XRPL's capabilities as a decentralized exchange platform, promoting liquidity, enabling efficient asset swaps, and reducing reliance on traditional centralized exchanges.

Exciting developments are on the horizon for the XRP Ledger (XRPL), as it prepares to activate its Automated Market Maker (AMM) feature on March 21st, 2024. This upcoming milestone is set to usher in a new era for the XRP ecosystem, with far-reaching implications.

One of the most eagerly anticipated outcomes of this development is the expected boost to liquidity. The introduction of AMMs will allow for decentralized trading of XRP and other assets, which is poised to inject a significant amount of liquidity into the ecosystem. This surge in liquidity will likely attract a wider range of traders, strengthening the overall vibrancy of XRP's trading environment. We're excited to see the positive changes that this new development will bring to the XRP community.
The rollout of AMM (Automated Market Maker) brings attractive opportunities for passive income. Individuals can participate as liquidity providers by depositing assets into liquidity pools and earn rewards through trading fees. This not only encourages the holding of XRP but also promotes greater engagement with the network, potentially expanding its user base and network activity.

In addition to these benefits, the activation of AMMs also unlocks enhanced functionality within the XRP Ledger. These additions strengthen its competitiveness within the broader blockchain landscape, which could attract developers and promote the growth of a more diverse ecosystem around XRP.

From Ripple's perspective, the successful implementation of the AMM feature holds promise for driving XRP adoption and potentially increasing its market price. Furthermore, it solidifies XRPL's position as a viable platform for decentralized applications (dApps), thereby opening doors to new use cases and partnerships.

#XRPledger #Johnkindnessweb-3 #Write2Erarn #XRPCOIN

It is interesting to note that the ether.fi airdrops will be distributed in the first quarter and around 6.8% of the total number of tokens will be airdropped. Furthermore, an additional 12 million ETHFI will be added to small pledgers, which is a positive step taken by the team. This will result in each user receiving an average of 575 tokens worth $2,875, which is significantly higher than the 175 LGFI airdrops. This initiative is aimed at creating a fair distribution of tokens among both the megawhales and smaller participants. However, it is important to note that some members of the community are still expressing their concerns and challenges regarding this distribution model.
ether.fi's airdrop allocation has been the focus of much community debate today, with widespread concern about diluting ether.fi's share of the airdrop after Sun Yuchen threw away 120,000 ETH (valued at up to $480 million) last week. ether.fi has adjusted its token allocation in response to community feedback to balance the interests of the mega-whales and the smaller players, but its linear allocation model is still being challenged by some community users.
How are air drops distributed?
As per the release, the number of airdrops in the first quarter accounted for 6.8% of the total number of tokens, using March 15, 2024, at 08:01 as the snapshot time. As per the ETHFI Token Economics, the total supply of tokens is 1 billion, with a circulating supply of 115.2 million tokens. Out of the total token allocation, 2% is designated for CoinSafe Launchpool, 11% for airdrops, 32.5% for investors and advisors, 23.26% for the team, 1% for the Protocol Guild, 27.24% for the DAO Treasury, and 3% to provide liquidity.

This program is focused on early participants, as reflected by the percentage of airdrops offered. Ether.fi added an extra 12 million ETHFI (1.2% of the total supply) for smaller pledgers after listening to the community. This airdrop does not affect the giant whale's airdrop allocation. On average, each user received 575 tokens, valued at $2,875 at the current Whale Market pre-release market minimum asking price, with a median of 175 tokens (valued at $875). The number of low-security airdrops seems to be 175 ETHFIs, based on the community members. Sun Yuchen's address received the most airdrop allocations, which was around 3 million tokens. Sun Yuchen had deposited $480 million in assets during the Final Countdown campaign. Ether.fi set a 3-month vest limit for the megawallet, as previously stated. The Final Countdown campaign of ether.fi ran from March 5 to March 15. Ether.fi used a matching model where every 50,000 ETH pledged would receive 0.125% of the tokens. The original pledgees would also receive the same match ratio of 0.125%. The community received an additional 7.7 million tokens through ether.fi's Final Countdown campaign.

In terms of specific allocations for pledgers, pledgers received 90% (61 million tokens) of the allocation in proportion to their contribution. ether.fi uses a linear allocation, which is more favorable to smaller pledgers.In terms of deposit value, wallets in the bottom 50% contribute 1.8% of the total pledge value but receive 18% of the token allocation. in contrast, wallets in the top 10% only receive 65% of the token allocation, despite contributing 88% of the TVL. this means that the allocation is more skewed towards smaller participants to encourage participation.ether.fi explained that it chose a linear model over a tiered model because tiered airdrops are very easy to manipulate and are susceptible to witch attacks. ether.fi's linear distribution model has, however, raised some questions in the community, with some users pointing out that they received 175 tokens for depositing both 0.1 ETH and 1 ETH, while others claimed to have received 175 tokens for both deposits, having deposited 0.5 ETH at the first address and 0.2 ETH at the second address at the beginning of January, and that they received 175 tokens for both. others stated that the same number of airdrops are available for both 30,000 points and 200,000 points.

Who qualifies for an airdrop?
Regarding the Q1 token distribution, the majority of tokens (90%) were allocated to pledgers, while 6% went to partners and 4% to early adopters, including fan NFT holders and EAP participants. Pledgers had to earn more than 1,000 points by pledging, which is equivalent to pledging 1 ETH for 1 day or 0.1 ETH for 10 days, to qualify for the minimum airdrop threshold. However, those who pledged less ETH could still receive a low-security airdrop as long as they deposited enough for a longer period of time. For instance, depositing as little as 0.01 ETH for 100 days would qualify for a low-security airdrop.
In addition to pledgers, fan NFT holders received 430 tokens each, while Solo Stakers with a single address were awarded 4,200 tokens. Furthermore, badge holders and referrals earned additional allocations. It's important to note that ether.fi Loyalty Points can be earned in 26 different ways, but only addresses that have earned over 1,000 points through pledges will be eligible for the drop. If you only have badge points and no pledge points, unfortunately, you won't be eligible for the drop.
Conclusion
This article suggest that ether.fi's linear allocation aims to cater to the interests of both large and small participants to promote community participation and healthy development. However, there are still some doubts regarding the exact linear allocation, which need to be addressed to clarify the community's concerns.
#Johnkindnessweb-3 #ETHFI⁩ #Ethereum✅ #BNB" $ETH