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Rally signal for Chainlink (LINK): What are they aiming for?
Popular #Oracle project #chainlik is approaching a potential breakout, accompanied by whale transactions.
A Chainlink whale withdrew $2.95 million worth of LINK from Binance in 24 hours. The whale, who withdraws LINK from the exchange at regular intervals, transferred 529,999 LINK from Binance to his personal wallet in three days.
LINK recently faced a potential correction after rising to $30.5. During the correction, LINK was seen falling to $27.5.
AMBCrypto reported that whale signals indicate a possible rise.
Chainlink (LINK) struggled to maintain its upward momentum but could not sustain above $30. The Chainlink whale turned the declines into a potential buying opportunity.
According to Lookonchain, a whale bought $LINK regardless of the price. The whale has withdrawn 100,000 LINK from Binance in the last 24 hours. #AMBCrypto evaluated the whale's move as follows;
“When whales tend to accumulate, this usually means that the whales will hold the asset for the long term. Large wallets withdrawing LINK from exchanges reduces potential selling pressure, and thus, if demand increases, a bullish signal is created.”
IntoTheBlock stated that $LINK whale activity increased by 41.5 percent the other day, and that this increase reflected active participation in Chainlink. AMBCrypto's analysis stated that increasing whale accumulation is a bullish signal, but LINK is still in the correction phase.
The analysis included the following statements; “Simply put, Chainlink is attracting interest from both whales and individual investors. If this bullish sentiment continues, the LINK price could break the $30 resistance. If this resistance is broken, the next target for LINK will be $32.2.”
AMBCrypto also warned that LINK could drop to as low as $26.9 if selling pressure increases.
Popular #Oracle project #chainlik is approaching a potential breakout, accompanied by whale transactions.
A Chainlink whale withdrew $2.95 million worth of LINK from Binance in 24 hours. The whale, who withdraws LINK from the exchange at regular intervals, transferred 529,999 LINK from Binance to his personal wallet in three days.
LINK recently faced a potential correction after rising to $30.5. During the correction, LINK was seen falling to $27.5.
AMBCrypto reported that whale signals indicate a possible rise.
Chainlink (LINK) struggled to maintain its upward momentum but could not sustain above $30. The Chainlink whale turned the declines into a potential buying opportunity.
According to Lookonchain, a whale bought $LINK regardless of the price. The whale has withdrawn 100,000 LINK from Binance in the last 24 hours. #AMBCrypto evaluated the whale's move as follows;
“When whales tend to accumulate, this usually means that the whales will hold the asset for the long term. Large wallets withdrawing LINK from exchanges reduces potential selling pressure, and thus, if demand increases, a bullish signal is created.”
IntoTheBlock stated that $LINK whale activity increased by 41.5 percent the other day, and that this increase reflected active participation in Chainlink. AMBCrypto's analysis stated that increasing whale accumulation is a bullish signal, but LINK is still in the correction phase.
The analysis included the following statements; “Simply put, Chainlink is attracting interest from both whales and individual investors. If this bullish sentiment continues, the LINK price could break the $30 resistance. If this resistance is broken, the next target for LINK will be $32.2.”
AMBCrypto also warned that LINK could drop to as low as $26.9 if selling pressure increases.
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Deeply understand Chain.Link to make the right investment decision
Chainlink (LINK) is a decentralized oracle network that serves as a bridge between smart contracts on the blockchain and off-chain data. Below is an analysis of Chainlink's business and competitive strategy:
1. Chainlink's business strategy:
• Providing diverse oracle services: Chainlink offers a variety of services such as Data Feeds, Randomness (VRF), Automation, and Cross-Chain Communication (CCIP), enabling smart contracts to access off-chain data securely and reliably.
1. Chainlink's business strategy:
• Providing diverse oracle services: Chainlink offers a variety of services such as Data Feeds, Randomness (VRF), Automation, and Cross-Chain Communication (CCIP), enabling smart contracts to access off-chain data securely and reliably.
Chainlink (LINK): The Oracle of the Blockchain World
Why Chainlink is a Must-Have for Your Crypto Portfolio
In the rapidly evolving landscape of blockchain technology, the need for reliable and secure data feeds has become increasingly apparent. Chainlink, a decentralized oracle network, has emerged as a critical solution to this problem. By providing real-world data to smart contracts, Chainlink empowers developers to build more sophisticated and robust decentralized applications.
What Makes Chainlink Special?
Decentralized Oracle Network: Chainlink's decentralized network ensures data accuracy and security by relying on multiple independent nodes.
Wide Range of Data Feeds: The network can access and deliver a vast array of data sources, including financial data, weather information, and IoT sensor readings.
Strong Partnerships: Chainlink has forged partnerships with leading blockchain projects and enterprises, solidifying its position as a key infrastructure provider.
Why Should You Consider Chainlink?
As the demand for decentralized applications continues to grow, the need for reliable oracle networks will become even more critical. By investing in Chainlink, you're not just buying a token; you're supporting the backbone of the decentralized future.
Don't Miss Out on the Oracle Revolution
Chainlink is more than just a project; it's a fundamental building block of the blockchain ecosystem. By integrating real-world data into smart contracts, Chainlink is unlocking the full potential of decentralized applications.
So, what are you waiting for? Add Chainlink to your portfolio and position yourself for the future of blockchain technology.
#Chainlink's #LINK/USDT #LINKUSDT #Oracle #TrendingTopic $LINK @Chainlink @EliteDailySignals
Crypto of the month (Nov) in the Description
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Why Chainlink is a Must-Have for Your Crypto Portfolio
In the rapidly evolving landscape of blockchain technology, the need for reliable and secure data feeds has become increasingly apparent. Chainlink, a decentralized oracle network, has emerged as a critical solution to this problem. By providing real-world data to smart contracts, Chainlink empowers developers to build more sophisticated and robust decentralized applications.
What Makes Chainlink Special?
Decentralized Oracle Network: Chainlink's decentralized network ensures data accuracy and security by relying on multiple independent nodes.
Wide Range of Data Feeds: The network can access and deliver a vast array of data sources, including financial data, weather information, and IoT sensor readings.
Strong Partnerships: Chainlink has forged partnerships with leading blockchain projects and enterprises, solidifying its position as a key infrastructure provider.
Why Should You Consider Chainlink?
As the demand for decentralized applications continues to grow, the need for reliable oracle networks will become even more critical. By investing in Chainlink, you're not just buying a token; you're supporting the backbone of the decentralized future.
Don't Miss Out on the Oracle Revolution
Chainlink is more than just a project; it's a fundamental building block of the blockchain ecosystem. By integrating real-world data into smart contracts, Chainlink is unlocking the full potential of decentralized applications.
So, what are you waiting for? Add Chainlink to your portfolio and position yourself for the future of blockchain technology.
#Chainlink's #LINK/USDT #LINKUSDT #Oracle #TrendingTopic $LINK @Chainlink @EliteDailySignals
Crypto of the month (Nov) in the Description
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ABOUT ORACLE'S IN CRYPTO CURRENCY FIELD :
👉In the crypto field, an Oracle refers to a trusted source of external data that provides information to smart contracts or decentralized applications (dApps). Smart contracts are self-executing contracts with terms written directly into code, and they are an integral part of blockchain platforms like Ethereum.While blockchains are secure and immutable, they lack connectivity to external systems and cannot access real-world data, such as stock prices, weather conditions, sports scores, or any other information that is needed to trigger or execute certain actions within a smart contract. This is where Oracles come in.Oracles act as intermediaries between the blockchain and the real world, providing external data to blockchain-based applications. They retrieve data from various sources, often using APIs or other data feeds, and deliver it to the smart contract. This enables smart contracts to make informed decisions and automatically execute actions based on real-world events.There are different types of Oracles, including software Oracles, hardware Oracles, and consensus Oracles. Software Oracles fetch data from APIs, websites, and databases, while hardware Oracles collect information from physical devices or sensors. Consensus Oracles use a system of multiple data sources and consensus algorithms to provide accurate and reliable information to smart contracts.Oracles play a crucial role in enabling decentralized applications to interact with the real world, bringing external data and real-time information into the blockchain ecosystem. They help bridge the gap between the on-chain and off-chain world, increasing the functionality and utility of blockchain applications.However, it is important to note that the accuracy and reliability of Oracles are paramount since they act as trusted sources of data. Without reliable Oracles, smart contracts may be vulnerable to manipulation or incorrect information, which can lead to undesired outcomes or financial losses. As a result, the development and integration of secure and trustworthy Oracles are critical for the widespread adoption of blockchain technology in various industries.$BTC $BNB $SOL #WebNext #BinanceEarnings #Oracle BinanceNFT
Flare Network’s FTSOv2: A Breakthrough for Decentralized Data Delivery
#FlareNetwork $FLR is revolutionizing the way businesses access and use decentralized data with its FTSOv2 upgrade. This substantial optimization promises to accelerate #DeFi adoption and pave the way for the cross-pollination of web2 and web3 data, offering unparalleled decentralization, speed, and affordability.
What is the Flare Time Series Oracle (FTSO)?
At its core, the Flare Time Series #Oracle (FTSO) is a crucial piece of blockchain infrastructure. It functions as a reliable bridge between off-chain data (like cryptocurrency prices, stock values, and more) and on-chain smart contracts. Smart contracts need this data to automate financial protocols, lending platforms, and other DeFi applications.
Why Decentralized Oracles Matter
Traditional oracle solutions often rely on a handful of data providers, which introduces centralization risks. A compromised or unreliable data provider can disrupt DeFi applications and lead to significant losses. Flare’s fully decentralized approach is in stark contrast to existing permissioned oracle models, ensuring greater security and tamper-resistance.
FTSOv2: The Key Enhancements
More Data, Delivered Faster: FTSOv2 now supports more data feeds than ever before (over 50 initially with the capacity for 1000+), and updates occur every 90 seconds for high-demand feeds. This provides DeFi protocols and other applications with near-real-time data to trigger actions, manage collateralization, and optimize trading strategies.Stream Updates: Optional Ultra-High-Frequency Data: In addition to regular updates, “stream updates” offer the possibility of getting incremental updates for every block. This caters to applications that require absolute up-to-the-second information.Scalability Without Sacrificing Decentralization: FTSOv2’s ingenuity lies in how it handles data aggregation to ensure low gas fees (transaction costs). Instead of bogging down the blockchain with complex calculations, computations are done off-chain, with only results and proofs being posted on-chain for verification.
Real-World Scenarios Where FTSOv2 Creates Significant Impact
Efficient DeFi Lending: FTSOv2 provides reliable, near-real-time price updates, empowering DeFi lending platforms to accurately calculate collateralization ratios and prevent under-collateralized loans. This lowers risk and increases stability for the entire ecosystem.Arbitrage Opportunities: With accurate, high-frequency price feeds, traders can better exploit price discrepancies in fragmented markets. FTSOv2’s speed and reliability facilitate strategies that rely on identifying short-lived arbitrage opportunities across different exchanges.Dynamic #NFT Pricing: NFTs can represent real-world assets or assets tied to dynamic factors like weather or sports results. FTSOv2 ensures NFTs can always reflect the current value of the underlying asset, driving novel applications and use cases.
Technical Innovations Behind the Scenes
FTSOv2 builds on its predecessor with intelligent tweaks to achieve its performance boost. The key changes involve:
Weighted Medians and Caps: FTSO incorporates data from 100 providers, aggregating their submissions into a final data point. Providers with a larger stake have more influence, but a cap prevents any single entity from becoming too powerful.Off-Chain Computation: Expensive calculations are shifted off the blockchain. Providers compute results individually and submit just concise proofs of their work to the blockchain.Fast Updates on Demand: #Dapps needing the most up-to-date data can fund increased frequency and precision of stream updates. This pay-as-you-go mechanism is ideal for high-speed trading setups.
FTSOv2: Data’s Decentralized Future
The enhanced FTSOv2 establishes Flare as a cornerstone in the evolution of data availability on the blockchain. Its promise of secure, scalable, and affordable data delivery positions it as a critical infrastructure component for next-generation DeFi, interoperability solutions, and the blending of web2 and web3 worlds.
What is the Flare Time Series Oracle (FTSO)?
At its core, the Flare Time Series #Oracle (FTSO) is a crucial piece of blockchain infrastructure. It functions as a reliable bridge between off-chain data (like cryptocurrency prices, stock values, and more) and on-chain smart contracts. Smart contracts need this data to automate financial protocols, lending platforms, and other DeFi applications.
Why Decentralized Oracles Matter
Traditional oracle solutions often rely on a handful of data providers, which introduces centralization risks. A compromised or unreliable data provider can disrupt DeFi applications and lead to significant losses. Flare’s fully decentralized approach is in stark contrast to existing permissioned oracle models, ensuring greater security and tamper-resistance.
FTSOv2: The Key Enhancements
More Data, Delivered Faster: FTSOv2 now supports more data feeds than ever before (over 50 initially with the capacity for 1000+), and updates occur every 90 seconds for high-demand feeds. This provides DeFi protocols and other applications with near-real-time data to trigger actions, manage collateralization, and optimize trading strategies.Stream Updates: Optional Ultra-High-Frequency Data: In addition to regular updates, “stream updates” offer the possibility of getting incremental updates for every block. This caters to applications that require absolute up-to-the-second information.Scalability Without Sacrificing Decentralization: FTSOv2’s ingenuity lies in how it handles data aggregation to ensure low gas fees (transaction costs). Instead of bogging down the blockchain with complex calculations, computations are done off-chain, with only results and proofs being posted on-chain for verification.
Real-World Scenarios Where FTSOv2 Creates Significant Impact
Efficient DeFi Lending: FTSOv2 provides reliable, near-real-time price updates, empowering DeFi lending platforms to accurately calculate collateralization ratios and prevent under-collateralized loans. This lowers risk and increases stability for the entire ecosystem.Arbitrage Opportunities: With accurate, high-frequency price feeds, traders can better exploit price discrepancies in fragmented markets. FTSOv2’s speed and reliability facilitate strategies that rely on identifying short-lived arbitrage opportunities across different exchanges.Dynamic #NFT Pricing: NFTs can represent real-world assets or assets tied to dynamic factors like weather or sports results. FTSOv2 ensures NFTs can always reflect the current value of the underlying asset, driving novel applications and use cases.
Technical Innovations Behind the Scenes
FTSOv2 builds on its predecessor with intelligent tweaks to achieve its performance boost. The key changes involve:
Weighted Medians and Caps: FTSO incorporates data from 100 providers, aggregating their submissions into a final data point. Providers with a larger stake have more influence, but a cap prevents any single entity from becoming too powerful.Off-Chain Computation: Expensive calculations are shifted off the blockchain. Providers compute results individually and submit just concise proofs of their work to the blockchain.Fast Updates on Demand: #Dapps needing the most up-to-date data can fund increased frequency and precision of stream updates. This pay-as-you-go mechanism is ideal for high-speed trading setups.
FTSOv2: Data’s Decentralized Future
The enhanced FTSOv2 establishes Flare as a cornerstone in the evolution of data availability on the blockchain. Its promise of secure, scalable, and affordable data delivery positions it as a critical infrastructure component for next-generation DeFi, interoperability solutions, and the blending of web2 and web3 worlds.
Introducing Elys Network: Bringing Sustainable DeFi to the Cosmos Ecosystem
Welcome to Elys Network ---> https://elys.bonusblock.io?r=CeSBsDCx
Elys is a Cosmos SDK built, fast layer 1 blockchain, and is a premier decentralized exchange and suite of financial applications in the Cosmos ecosystem featuring:
Cutting edge integration for a seamless onboarding experience for non crypto-native users.A non-custodial Automated Market Maker (AMM) style Decentralized Exchange (DEX) powered by liquidity providers & liquidity pools using native USDC as the base pair token.Oracle based multi-asset Index pools which increase diversification and reduce volatility.Native margin trading capabilities including a universal cross collateral vault.Native bridging capabilities to Ethereum Virtual Machine (EVM) chains & Inter-Blockchain Communication (IBC) enabled blockchains, for optimal UX and value capture.Onramps for major fiat currencies such as USD, EUR, GBP, CAD, etc.
Innovating DeFi for All: Built for the Future
Elys Network is built on the principles of sustainability that will ultimately shape the new era of DeFi. The platform will generate non-inflationary yield from multiple sources, which will be distributed via a revenue sharing model to the network participants, like Liquidity Providers and Stakers. This means that all participants in the network will be rewarded using sustainable mechanisms from the beginning. Elys is designed from the ground up to not be reliant on inflationary reward mechanisms other than the initial bootstrapping phase. All participants in the network, including Liquidity Providers, Node Operators, Delegators, and the protocol itself have clear paths to long-term value accrual.
Elys Network Development
Currently in testnet, we have built our blockchain from the ground up, utlizing the latest version of Cosmos DSK and introducing several custom modules designed in-house. Elys code is open-source and always available for review on Github.
The Elys Network testnet blockchain explorer can be viewed here. The explorer includes a chain dashboard, active validator set with uptimes and commision, and governance.
Mission Statement
To create a self-sustaining, open sourced, decentralized suite of applications and tools that allow anyone to access financial services
Core Values
Accountable, Decentralized and Collaborative, Trust and Transparency, High Quality, Safe and Secure, Forward-looking, Simple and Easy
#DexTrade #DEFİ #Cosmos🥷 #BinanceLaunchpool #Oracle
Reg: ---> https://elys.bonusblock.io?r=CeSBsDCx <------
Elys is a Cosmos SDK built, fast layer 1 blockchain, and is a premier decentralized exchange and suite of financial applications in the Cosmos ecosystem featuring:
Cutting edge integration for a seamless onboarding experience for non crypto-native users.A non-custodial Automated Market Maker (AMM) style Decentralized Exchange (DEX) powered by liquidity providers & liquidity pools using native USDC as the base pair token.Oracle based multi-asset Index pools which increase diversification and reduce volatility.Native margin trading capabilities including a universal cross collateral vault.Native bridging capabilities to Ethereum Virtual Machine (EVM) chains & Inter-Blockchain Communication (IBC) enabled blockchains, for optimal UX and value capture.Onramps for major fiat currencies such as USD, EUR, GBP, CAD, etc.
Innovating DeFi for All: Built for the Future
Elys Network is built on the principles of sustainability that will ultimately shape the new era of DeFi. The platform will generate non-inflationary yield from multiple sources, which will be distributed via a revenue sharing model to the network participants, like Liquidity Providers and Stakers. This means that all participants in the network will be rewarded using sustainable mechanisms from the beginning. Elys is designed from the ground up to not be reliant on inflationary reward mechanisms other than the initial bootstrapping phase. All participants in the network, including Liquidity Providers, Node Operators, Delegators, and the protocol itself have clear paths to long-term value accrual.
Elys Network Development
Currently in testnet, we have built our blockchain from the ground up, utlizing the latest version of Cosmos DSK and introducing several custom modules designed in-house. Elys code is open-source and always available for review on Github.
The Elys Network testnet blockchain explorer can be viewed here. The explorer includes a chain dashboard, active validator set with uptimes and commision, and governance.
Mission Statement
To create a self-sustaining, open sourced, decentralized suite of applications and tools that allow anyone to access financial services
Core Values
Accountable, Decentralized and Collaborative, Trust and Transparency, High Quality, Safe and Secure, Forward-looking, Simple and Easy
#DexTrade #DEFİ #Cosmos🥷 #BinanceLaunchpool #Oracle
Reg: ---> https://elys.bonusblock.io?r=CeSBsDCx <------
$LINK #Oracle #IMPULSE
Here's the #Chainlink (LINK) chart analysis.
Chainlink has broken below the anticipated $10.2 level, which has altered my initial scenario. Although the change isn’t major, it does look like more time will be needed before an upward move.
The good news is that the price hasn’t fallen below the B wave level. There’s a possibility we’ll see a sequence of five ABC waves.
If we see another ABC wave at this point, I’ll consider it a sign that LINK is fully primed for an upward move.
A bit more patience may lead to a strong performance ahead.
If you’d like to follow my chart analysis, please stay tuned!
Here's the #Chainlink (LINK) chart analysis.
Chainlink has broken below the anticipated $10.2 level, which has altered my initial scenario. Although the change isn’t major, it does look like more time will be needed before an upward move.
The good news is that the price hasn’t fallen below the B wave level. There’s a possibility we’ll see a sequence of five ABC waves.
If we see another ABC wave at this point, I’ll consider it a sign that LINK is fully primed for an upward move.
A bit more patience may lead to a strong performance ahead.
If you’d like to follow my chart analysis, please stay tuned!
$DIA if it recovers from this “going back to support thing” that I believe it has done by now, I’m seeing a potential .90 #BTC #SHIB #SOLANAAAA #Oracle #TrendingTopic
😀😃😄😁😆 Is #Layer1 the Only Potential Right Now? 😎
Below are some tokens and trends related to #Layer1
Layer1 are outperforming compared to others: $SUI , $APT , $SOL , $OMNI. Factors driving this include OTC Buying News and Grayscale fund activities ❤️
$PYTH, a notable oracle on both Sui, Aptos and Solana, should be gaining attention. This falls under the #Oracle category. $LINK
#Interoperability is also a key theme, with potential bridges to support development, such as $ZRO, $W, $AXL
Do you want us to analyze any projects now? Share with us in comment 😊
#DataFi
Below are some tokens and trends related to #Layer1
Layer1 are outperforming compared to others: $SUI , $APT , $SOL , $OMNI. Factors driving this include OTC Buying News and Grayscale fund activities ❤️
$PYTH, a notable oracle on both Sui, Aptos and Solana, should be gaining attention. This falls under the #Oracle category. $LINK
#Interoperability is also a key theme, with potential bridges to support development, such as $ZRO, $W, $AXL
Do you want us to analyze any projects now? Share with us in comment 😊
#DataFi
Breaking: Elon Musk's xAI Partners with Oracle for AI Supercomputer, Boosting Bitcoin (BTC) and Ethereum (ETH) Prospects.
The partnership between #xAI and #Oracle is designed to build what is called the “Computation Gigafactory.” This initiative will focus on building a supercomputer that will be the backbone for training and developing Grok. In April, Musk was seeking to raise $4 billion in funding for xAI at a $15 billion valuation. Investor interest increased and Musk increased his funding target to $6 billion at an $18 billion valuation.
Additionally, these funds are expected to significantly increase xAI's GPU count. The goal is to increase the number of GPUs from approximately 10,000 to 100,000. This expansion is not just a quantitative increase, but also strategically aims to combine these GPUs into a powerful supercomputer architecture. Thus, #Grok will reach new heights in AI efficiency and capabilities.
Recently, xAI introduced its AI chatbot Grok to the European market. This launch is part of a broader strategy to make advanced #AI tools accessible globally. Despite widespread distribution, Grok is not yet available to all users in Europe, reflecting a gradual approach.
Linda Yaccarino, CEO of xAI's parent company, X, highlighted this expansion as a significant development. According to Yaccarino, the launch of Grok in Europe is an important milestone in xAI's strategy to expand its market presence outside the US. This move is expected to encourage broader adoption and integration of AI across various sectors and is likely to potentially influence global AI strategies and policies.
$BTC $ETH
The partnership between #xAI and #Oracle is designed to build what is called the “Computation Gigafactory.” This initiative will focus on building a supercomputer that will be the backbone for training and developing Grok. In April, Musk was seeking to raise $4 billion in funding for xAI at a $15 billion valuation. Investor interest increased and Musk increased his funding target to $6 billion at an $18 billion valuation.
Additionally, these funds are expected to significantly increase xAI's GPU count. The goal is to increase the number of GPUs from approximately 10,000 to 100,000. This expansion is not just a quantitative increase, but also strategically aims to combine these GPUs into a powerful supercomputer architecture. Thus, #Grok will reach new heights in AI efficiency and capabilities.
Recently, xAI introduced its AI chatbot Grok to the European market. This launch is part of a broader strategy to make advanced #AI tools accessible globally. Despite widespread distribution, Grok is not yet available to all users in Europe, reflecting a gradual approach.
Linda Yaccarino, CEO of xAI's parent company, X, highlighted this expansion as a significant development. According to Yaccarino, the launch of Grok in Europe is an important milestone in xAI's strategy to expand its market presence outside the US. This move is expected to encourage broader adoption and integration of AI across various sectors and is likely to potentially influence global AI strategies and policies.
$BTC $ETH
🚀GOING UP🚀
$API3
This is a project I have to tell you all about, a relatively small to mid-cap token with a lot of upside potential. 👀💰
It's a decentralized data oracle network that eliminates the reliance on third-party intermediaries. 🌐💻
It has come a long way. I remember when I started taking an interest in the project, it was just under $1 and now it's ranging above the $3.50 mark. 🚀📈
I'm not going to say anything more about this project. The reason is that I want you all to figure out for yourselves why I am writing about this token. 🤔🧐
Do your own research on this one and thank me later! 🔎📝
#altcoins #BTC #API3 #Oracle #bitcoin
$API3
This is a project I have to tell you all about, a relatively small to mid-cap token with a lot of upside potential. 👀💰
It's a decentralized data oracle network that eliminates the reliance on third-party intermediaries. 🌐💻
It has come a long way. I remember when I started taking an interest in the project, it was just under $1 and now it's ranging above the $3.50 mark. 🚀📈
I'm not going to say anything more about this project. The reason is that I want you all to figure out for yourselves why I am writing about this token. 🤔🧐
Do your own research on this one and thank me later! 🔎📝
#altcoins #BTC #API3 #Oracle #bitcoin
_🚨💹👌Canyon Network Secures $6M Funding for AI-Powered Blockchain Oracle_# 🚀
$AI $FET $BTC 🌏⤴️🪙
New York-based Canyon Network has raised $6 million in funding at a $60 million valuation to enhance its revolutionary AI-powered blockchain oracle.
_What is Canyon Network?_ 🤔
Canyon Network develops innovative AI-driven solutions for blockchain-based applications, providing secure and transparent on-chain AI power.
_The Funding_ 💸
The $6 million investment will expand Canyon Network's AI capabilities, further enhancing its blockchain oracle.
_Enhancing Blockchain Oracles_ 🔍
Canyon Network's technology enables decentralized applications (dApps) to:
- Make data-driven decisions with AI-driven insights 💡
- Enhance security through verifiable AI power 🔒
- Improve transparency with on-chain AI solutions 📊
_Expert Insights_ 💡
"Canyon Network's AI-powered oracle will revolutionize blockchain decision-making." - Crypto Analyst
_Market Impact_ 📈
Canyon Network's growth will likely influence the blockchain oracle market, driving innovation and adoption.
_Company Background_ 📊
- Founded in New York
- Develops AI-powered blockchain solutions
- Valued at $60 million
_Source:_
CoinDesk
Date: October 2024
#blockchaintechnolo #TON #AI #Oracle #Cryptocurrency #Funding #InnovationInLearning
$AI $FET $BTC 🌏⤴️🪙
New York-based Canyon Network has raised $6 million in funding at a $60 million valuation to enhance its revolutionary AI-powered blockchain oracle.
_What is Canyon Network?_ 🤔
Canyon Network develops innovative AI-driven solutions for blockchain-based applications, providing secure and transparent on-chain AI power.
_The Funding_ 💸
The $6 million investment will expand Canyon Network's AI capabilities, further enhancing its blockchain oracle.
_Enhancing Blockchain Oracles_ 🔍
Canyon Network's technology enables decentralized applications (dApps) to:
- Make data-driven decisions with AI-driven insights 💡
- Enhance security through verifiable AI power 🔒
- Improve transparency with on-chain AI solutions 📊
_Expert Insights_ 💡
"Canyon Network's AI-powered oracle will revolutionize blockchain decision-making." - Crypto Analyst
_Market Impact_ 📈
Canyon Network's growth will likely influence the blockchain oracle market, driving innovation and adoption.
_Company Background_ 📊
- Founded in New York
- Develops AI-powered blockchain solutions
- Valued at $60 million
_Source:_
CoinDesk
Date: October 2024
#blockchaintechnolo #TON #AI #Oracle #Cryptocurrency #Funding #InnovationInLearning
If you missed top oracle$LINK don't miss out $DIA
Current price of DIA is $0.58 with MarketCap of $64 Million
#DIA to $20.00 💪
#TrendingTopic #Binance #Oracle #Write2Earn
Current price of DIA is $0.58 with MarketCap of $64 Million
#DIA to $20.00 💪
#TrendingTopic #Binance #Oracle #Write2Earn
$LISTA $ZRO $BB
LayerZero (ZRO): LayerZero is an interoperability protocol that enables secure communication between blockchains. Using Ultra Light Nodes (ULNs) and decentralized verifier networks (DVNs), it facilitates seamless data transfer across networks. The ZRO token plays a key role in governance and security. #Interoperability #Blockchain #LayerZero
2️⃣ Ethena (ENA): Ethena introduces USDe, a synthetic dollar backed by crypto assets like ETH, BTC, and USDT. Unlike traditional stablecoins, USDe uses a delta-hedging mechanism to manage risks without relying on traditional financial infrastructure. The native token, ENA, is used for governance and rewards, offering a stable and scalable currency within the crypto space. #DeFi #Stablecoin #Ethena
3️⃣ Aevo (AEVO): Aevo is a decentralized derivatives exchange offering a secure platform for trading financial instruments. By eliminating intermediaries, Aevo reduces costs and ensures transparent trading. The platform supports a wide range of assets and caters to both retail and institutional traders. #Derivatives #DeFi #Aevo
4️⃣ Gravity (G): Gravity is a cross-chain oracle and communication network connecting different blockchain ecosystems. It ensures reliable data feeds and enhances interoperability, playing a crucial role in DeFi and other blockchain-based services. #Gravity #CrossChain #Oracle #boolish star trader #BinanceTurns7
LayerZero (ZRO): LayerZero is an interoperability protocol that enables secure communication between blockchains. Using Ultra Light Nodes (ULNs) and decentralized verifier networks (DVNs), it facilitates seamless data transfer across networks. The ZRO token plays a key role in governance and security. #Interoperability #Blockchain #LayerZero
2️⃣ Ethena (ENA): Ethena introduces USDe, a synthetic dollar backed by crypto assets like ETH, BTC, and USDT. Unlike traditional stablecoins, USDe uses a delta-hedging mechanism to manage risks without relying on traditional financial infrastructure. The native token, ENA, is used for governance and rewards, offering a stable and scalable currency within the crypto space. #DeFi #Stablecoin #Ethena
3️⃣ Aevo (AEVO): Aevo is a decentralized derivatives exchange offering a secure platform for trading financial instruments. By eliminating intermediaries, Aevo reduces costs and ensures transparent trading. The platform supports a wide range of assets and caters to both retail and institutional traders. #Derivatives #DeFi #Aevo
4️⃣ Gravity (G): Gravity is a cross-chain oracle and communication network connecting different blockchain ecosystems. It ensures reliable data feeds and enhances interoperability, playing a crucial role in DeFi and other blockchain-based services. #Gravity #CrossChain #Oracle #boolish star trader #BinanceTurns7
DIA: Pioneering Decentralized Data Feeds for the DeFi Ecosystem
In the rapidly evolving landscape of decentralized finance (DeFi), accurate and reliable data is paramount. DIA (Decentralized Information Asset) stands out as a unique cryptocurrency project addressing this need by providing transparent, community-verified data oracles tailored for the DeFi sector. As the demand for decentralized applications (dApps) grows, DIA’s role becomes increasingly critical in ensuring the integrity of data across various platforms.
What is DIA?
DIA is a decentralized data and oracle platform that aims to bridge the gap between off-chain data sources and on-chain smart contracts. Founded in 2018, DIA is built on the Ethereum blockchain and has positioned itself as a key infrastructure provider for DeFi projects that require accurate pricing data, historical financial information, and other critical data feeds.
The primary utility of the DIA token is governance and staking within the platform. Token holders can participate in the decision-making process of the DIA ecosystem, influencing updates and improvements to the protocol. Additionally, users can stake DIA tokens to access premium data services, ensuring that the data provided is both accurate and valuable.
The Unique Value Proposition of DIA
What sets DIA apart from other oracle solutions like Chainlink or Band Protocol is its commitment to decentralization and transparency. Traditional financial data is often collected and verified by centralized entities, which can lead to biases, manipulation, or inaccuracies. DIA counters this by leveraging a decentralized community of data providers, validators, and users who collectively ensure the reliability and accuracy of the information.
DIA’s approach to data sourcing is crowdsourced and community-driven. Anyone can contribute data feeds, and these contributions are then verified by the community, ensuring a higher degree of transparency and accuracy compared to traditional oracles. This decentralized verification process helps to mitigate the risks associated with data manipulation and provides a more trustworthy foundation for DeFi applications.
DIA’s Role in DeFi
DeFi platforms rely heavily on accurate data for various functions, including lending, borrowing, derivatives, and insurance. A small discrepancy in price data can lead to significant financial losses, making reliable data oracles like DIA essential. By providing real-time, accurate, and tamper-proof data feeds, DIA supports a wide range of DeFi use cases, helping projects to operate smoothly and securely.
Moreover, DIA’s open-source framework allows developers to create custom oracles tailored to their specific needs. This flexibility is crucial as the DeFi space continues to expand and diversify, requiring data solutions that can adapt to new and emerging use cases.
Recent Developments and Future Outlook
DIA has been making significant strides in expanding its ecosystem. The platform has integrated with various blockchains beyond Ethereum, such as Binance Smart Chain, Polkadot, and Solana, to offer cross-chain data solutions. This multi-chain approach positions DIA as a versatile player in the broader crypto ecosystem, catering to a wide range of DeFi projects across different blockchains.
Looking ahead, DIA is focused on enhancing its data feeds’ quality and expanding its reach within the DeFi space. The team is actively working on partnerships with other DeFi projects and exploring new data use cases that can benefit from decentralized oracles. Additionally, DIA is investing in improving its community governance model to ensure that its platform evolves in line with the needs of its users.
Conclusion
DIA is more than just a cryptocurrency; it is a critical piece of infrastructure for the DeFi ecosystem. By providing decentralized, transparent, and community-verified data oracles, DIA is helping to build a more reliable and secure foundation for the next generation of financial applications. As the DeFi space continues to grow, DIA’s role is likely to become even more vital, making it a project to watch closely in the coming years.
#DIA/USDT #Oracle #BTC☀ #Write&Earn #CryptoMarketMoves $DIA
What is DIA?
DIA is a decentralized data and oracle platform that aims to bridge the gap between off-chain data sources and on-chain smart contracts. Founded in 2018, DIA is built on the Ethereum blockchain and has positioned itself as a key infrastructure provider for DeFi projects that require accurate pricing data, historical financial information, and other critical data feeds.
The primary utility of the DIA token is governance and staking within the platform. Token holders can participate in the decision-making process of the DIA ecosystem, influencing updates and improvements to the protocol. Additionally, users can stake DIA tokens to access premium data services, ensuring that the data provided is both accurate and valuable.
The Unique Value Proposition of DIA
What sets DIA apart from other oracle solutions like Chainlink or Band Protocol is its commitment to decentralization and transparency. Traditional financial data is often collected and verified by centralized entities, which can lead to biases, manipulation, or inaccuracies. DIA counters this by leveraging a decentralized community of data providers, validators, and users who collectively ensure the reliability and accuracy of the information.
DIA’s approach to data sourcing is crowdsourced and community-driven. Anyone can contribute data feeds, and these contributions are then verified by the community, ensuring a higher degree of transparency and accuracy compared to traditional oracles. This decentralized verification process helps to mitigate the risks associated with data manipulation and provides a more trustworthy foundation for DeFi applications.
DIA’s Role in DeFi
DeFi platforms rely heavily on accurate data for various functions, including lending, borrowing, derivatives, and insurance. A small discrepancy in price data can lead to significant financial losses, making reliable data oracles like DIA essential. By providing real-time, accurate, and tamper-proof data feeds, DIA supports a wide range of DeFi use cases, helping projects to operate smoothly and securely.
Moreover, DIA’s open-source framework allows developers to create custom oracles tailored to their specific needs. This flexibility is crucial as the DeFi space continues to expand and diversify, requiring data solutions that can adapt to new and emerging use cases.
Recent Developments and Future Outlook
DIA has been making significant strides in expanding its ecosystem. The platform has integrated with various blockchains beyond Ethereum, such as Binance Smart Chain, Polkadot, and Solana, to offer cross-chain data solutions. This multi-chain approach positions DIA as a versatile player in the broader crypto ecosystem, catering to a wide range of DeFi projects across different blockchains.
Looking ahead, DIA is focused on enhancing its data feeds’ quality and expanding its reach within the DeFi space. The team is actively working on partnerships with other DeFi projects and exploring new data use cases that can benefit from decentralized oracles. Additionally, DIA is investing in improving its community governance model to ensure that its platform evolves in line with the needs of its users.
Conclusion
DIA is more than just a cryptocurrency; it is a critical piece of infrastructure for the DeFi ecosystem. By providing decentralized, transparent, and community-verified data oracles, DIA is helping to build a more reliable and secure foundation for the next generation of financial applications. As the DeFi space continues to grow, DIA’s role is likely to become even more vital, making it a project to watch closely in the coming years.
#DIA/USDT #Oracle #BTC☀ #Write&Earn #CryptoMarketMoves $DIA
#Oracle employee is under investigation for his alleged involvement in a $54 million #crypto money #laundering scheme. He is accused of assisting his associates, in storing and laundering a substantial amount of #cryptocurrency . Both associates who were previously convicted of cocaine trafficking, used the crypto to obscure proceeds from dark web drug sales. The main suspect is alleged to have played a key role in concealing and moving these illicit funds. Evidence against him includes prison calls where they discussed cryptocurrency destinations, and he ultimately divulged the wallet's password during a police raid, leading to the seizure of the cryptocurrency by the Department of Justice. The suspect, a former Oracle employee, has not commented on the ongoing investigation.
BULLISH! 🔥 $PYTH & MAJOR SWISS CRYPTO BANK TEAMED UP! 🤝 But Why? 🤔👇
Swiss crypto (Amina Bank) has recently partnered up with PYTH (Pyth Network)! PYTH is a decentralized oracle that operates on $SOL blockchain. Basically, PYTH aggregates and verifies data from multiple sources in order to ensure reliability and transparency. Oracles are very useful for lending platforms and decentralized exchanges because they rely on accurate pricing information (e.g. to execute transactions)!
This collaboration will enhance user experience and accessibility for Web3 applications. Thanks to PYTH, Amina Bank will be able to inform and support its users with robust digital asset data. In my opinion, accurate and reliable price data is critical for the growing DeFi ecosystem and thus Amina Bank made a massive strategic step opening a new revenue stream. In fact, by providing accurate and reliable data, AMINA can attract more users and institutions that need such data for trading and risk management!
Will PYTH Reach $1 Again? 🤔 Let Me Know In Comments!
STAY TUNED! 🔥 & Remember, Your Support Is MASSIVELY Appreciated!👍💪 Also Don't Forget To Share It To Your Buddy! 🎅 - DYOR 🙏 NFA.🤝
#PythNetwork #Pythlong #Oracle #SolanaUpdate #Altcoins2024
Swiss crypto (Amina Bank) has recently partnered up with PYTH (Pyth Network)! PYTH is a decentralized oracle that operates on $SOL blockchain. Basically, PYTH aggregates and verifies data from multiple sources in order to ensure reliability and transparency. Oracles are very useful for lending platforms and decentralized exchanges because they rely on accurate pricing information (e.g. to execute transactions)!
This collaboration will enhance user experience and accessibility for Web3 applications. Thanks to PYTH, Amina Bank will be able to inform and support its users with robust digital asset data. In my opinion, accurate and reliable price data is critical for the growing DeFi ecosystem and thus Amina Bank made a massive strategic step opening a new revenue stream. In fact, by providing accurate and reliable data, AMINA can attract more users and institutions that need such data for trading and risk management!
Will PYTH Reach $1 Again? 🤔 Let Me Know In Comments!
STAY TUNED! 🔥 & Remember, Your Support Is MASSIVELY Appreciated!👍💪 Also Don't Forget To Share It To Your Buddy! 🎅 - DYOR 🙏 NFA.🤝
#PythNetwork #Pythlong #Oracle #SolanaUpdate #Altcoins2024