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Benefits of Owning BlocPal Tokens

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One of the biggest challenges the cryptocurrency industry faces today is mainstream, practical usage. People want to spend their cryptocurrency on everyday purchases but there simply aren’t enough viable options available.

That’s where BlocPal comes in

BlocPal makes it easy to manage and spend digital assets like Bitcoin, Bitcoin Cash, Ethereum, and Litecoin. In addition to BlocPal’s own BPX token, BlocPal can even be used to manage CAD and USD making it one of the most convenient digital wallets around.

More on the BPX token

When people talk about managing digital assets, they often focus on the big-name cryptocurrencies like the ones mentioned above. For the most part, utility tokens only attract the attention of investors looking to back a specific blockchain project.

BPX is a little different than your average utility token. For starters, it’s actually a regulated security token. Unlike most other tokens, this means that BPX holders can earn profits in two ways:

  • Earn money as the token appreciates in value
  • Earn royalty payments for simply holding the token

The run-down on BPX royalties

When purchasing BPX tokens you enter into a contractual agreement with BlocPal. This agreement states that BlocPal will deliver a royalty payment equaling 33% of its net profit from the previous fiscal quarter. As such, funds are then airdropped into the token holder’s BlocPal wallet.

What’s more, BlocPal actively encourages individuals to use BPX token and even hosts routine buy-back events. These events encourage users to sell their BPX tokens, giving them easier access to widely-accepted currencies while allowing BlocPal to better manage their token supply.

BlocPal and the future

In addition to offering a new way to manage digital assets, BlocPal’s security token allows holders the opportunity to earn more money as BlocPal grows without having to sell off their tokens beforehand.

At the moment, we’re eagerly awaiting the release of a recognized security token exchange. This service will allow BPX Token to be listed for trading. We’re excited to announce that a number of reputable groups in both Canada and the United States have applied for approval as a security token exchange, which means that trading BPX tokens may be on the horizon sooner than later. We will continue to monitor the progress of these platforms in order to help traders and investors get the most out of their BPX tokens.

Manage and spend your digital money through BlocPal’s innovative platform which supports a growing list of cryptocurrency, as well as Canadian and American dollars. Learn more about BlocPal and its innovative wallet for Android and iOS devices by visiting the official BlocPal website today.

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Altcoins

Solana Price Surges Beyond $100, Dethroning Ripple and BNB To Secure Fourth Place

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Solana price performance in recent times has been remarkable, surpassing Ripple and Binance Coin to become the fourth-largest cryptocurrency by market cap. The SOL price breached the critical level of $100 for the first time since April 2022 over the weekend to imbue optimism among investors. However, the altcoin has corrected by 7%, suggesting that the market is overheated. At the time of writing, the ‘Ethereum killer’ was trading slightly lower at $111.60.

SOL Outlook

Solana price has made a significant recovery over the past few weeks, climbing above the psychological level of $100. The altcoin has been one of the best-performing assets this year, extending its year-to-date gains to more than 1,025%, with more gains recorded in the past month alone. However, even with such growth, analysts have noted that Solana has a bleak chance of topping its ATH of $260.

The reason behind this is the increase in supply relative to its value. In November 2021, when the Solana price hit its all-time high of $260, its total market capitalization was around $78 billion. Despite the value of the crypto asset being less than half of what it was at the top, its market cap is currently hovering near $50 billion.

This has been brought about by the increase in the Solana supply by more than 100 million SOL over the past two years. According to some analysts, for the altcoin to retest $260, its…

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Altcoins

Solana Price Skyrockets to 20-Month Peak Amidst Memecoin Frenzy

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Solana price has noted significant gains over the past few weeks, climbing to its highest level since April 2022. The ‘Ethereum Killer’ almost topped the crucial level of $100 on Friday, before pulling back slightly. The asset’s recent surge has catapulted Solana’s total market cap to $39.6 billion, ranking 5th after and above BNB and XRP, respectively. Solana has jumped by more than 22% in the past week and more than 80% in the month to date. At the time of writing, SOL price was trading 0.90% lower at $93.10.

Catalysts Behind SOL’s Rally

Solana price has been on a strong bull run over the past few days, rocketing to its highest level in 20 months as the network benefits from the substantial activity and strong interest in memecoins. The SOL token, the native digital asset of the high-performance blockchain platform Solana, has shown some serious strength over the past few weeks, outperforming all the altcoins in the market.

The recent surge in the Solana price has been linked to heightened on-chain activities on the Solana blockchain. Notably, the ongoing hype for the blockchain’s speedy transactions, cheap fees, and a lottery of meme coin issuances has buoyed SOL’s on-chain activity. Metrics have revealed that Solana has been the strongest draw among on-chain traders, with trading volumes and network fees outperforming Ethereum- the largest altcoin by market cap.

Cited figures provided by DeFi aggregator DeFiLlama

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Altcoins

Solana Price Breaches $60 Amid a Symphony of Bullish Indicators

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Solana price has jumped more than 8% over the past week, breaching the important level of $60. At the time of writing, Solana was trading 3% higher at $61.07. The asset’s total market cap has climbed to $25.9 billion over the past week, ranking it the 6th largest cryptocurrency after XRP. The total volume of SOL traded over the last day has declined by 8%.

SOL’s Bullish Cues

Solana’s price has been among the best-performing cryptocurrencies this year amid continuous growth. The “Ethereum killer” has consistently impressed investors throughout the year on the back of a resurgence in bullishness, which saw SOL’s price climb more than 513% in the year to date. Institutional investors have also shared the bullish sentiment, making Solana their most preferred altcoin.

In the week ending November 24, Solana recorded inflows worth nearly $3.5 million, significantly more than the other altcoins’ inflows combined. The asset’s monthly inflows were higher at $40.2 million, lower than Ethereum’s $99.6 million inflows in the same period. Other altcoins, including Litecoin and Ethereum, noted significant outflows, making Solana nearly half of the home for DeFi. This implies that when it comes to institutions, Solana is currently the best-performing altcoin with the potential of a long-term rally much higher than other digital assets.

Notably, the Solana DeFi ecosystem accomplished a significant milestone earlier this week. Its Total Value Locked (TVL) hit a new yearly peak of over $655 million,…

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