NEAR Platform Active Users Soar – ‘Sweat Economy’ Boosting Token’s Price?
NEAR, the native token of decentralized application (dApp) platform and Ethereum competitor Near Protocol, managed to pump its price over the last 24 hours. According to tracking from Coingecko, at the time of writing, the crypto is trading at $2.98 and was up by 1.2% on its intraday price. The altcoin, however, is still reeling from significant losses as it is still down by 15.4% over the past week and is -14.6% for the past 14 days. On a month-to-date scale, the coin is down by nearly 30%. But as bleak as the situation may be for the altcoin, hope is not lost as Near Protocol’s recent....
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In previous weeks, the crypto market looked like it was set to lose its key support with major altcoins such as Bitcoin (BTC), Ethereum (ETH), and other altcoins at the brick of losing their support area holding price sell-offs. Despite the uncertainty, some altcoins have continued to look green at the face of any litmus test. Let us discuss on top 5 cryptos you should pay attention to this week. Disclaimer: The picks listed in this article should not be taken as investment advice. Always do your research and never invest more than what you can afford to lose. Related Reading: NEAR....
Ethereum, the undisputed ruler of the altcoin market, is now stuck in a bear market as the token struggles to break the $1,300 resistance level. However, the current market price is $1,302.87, only 0.22 percent more than the key psychological buy point. Despite how good this sounds, the way the market is moving right now, the bear market is likely to continue this month, which is not good news for ETH. The possibilities of a bear market recovery for ETH are slim due to the terrible state of the macroeconomy, according to The Guardian. In this year’s much-hyped “Uptober,”....
Since the beginning of August, Shiba Inu has been actively engaged in corrective activities. The meme coin has been distancing from its origins and has been highly effective with doing so. An actual use case for SHIB was just introduced last month when it became possible to use the token to settle tax obligations in the cryptocurrency space. In January of this year, NOWpayments announced a partnership with Shiba Inu, opening the door for token payments to be used as crypto wages. This isn’t the only real world utility of SHIB per se. Shib Eternity was also released worldwide as part of....
Austin-based technology firm Chaotic Moon Studios recently launched a next generation fitness application that lets users earn Bitcoin while exercising. The bribe-for-sweat iOS app, titled FitCoin, requires users to sync-in a fitness tracker for recording heart rate and length of the workout session. It then converts the collected statistics to a CPU time on a Bitcoin mining rig; therefore deciding how much Bitcoin a user should earn after a regular exercising session. FitCoin's designer Grant Nicol demonstrated the application's functionality by running three minutes and forty seconds on....
BNB Chain, the blockchain platform powering the Binance ecosystem, has recently emerged as a formidable force in the crypto world, surpassing its competitors in terms of daily active users. This surge in user engagement has coincided with a surge in the value of the BNB token, which has experienced a steady increase of over 5% within a single week. As BNB’s daily active users continue to soar, one can’t help but question the overall impact of this unprecedented growth. What lies behind BNB’s ability to outshine its rivals and attract a growing user base? Is there a....