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Can the Price of Ethereum Classic (ETC) Touch $200 by the end of 2018?

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Ethereum Classic

The commission-less exchange of Robinhood announced that it will begin supporting Ethereum Classic (ETC) effective August 6th. Coinbase exchange also announced that it will be supporting Ethereum Classic (ETC) beginning August 7th. These two exchanges open ETC to a pool of investors in the United States that are estimated to be in the millions. What might happen is that ETC might reach the Moon very soon.

Looking at Coinbase, and using 2017 data, the exchange enjoyed the patronage of over 13.3 Million users by late November 2017. This number is actually higher than regular investment giants such as Charles Schwab which had 10.6 Million active brokerage accounts as of November 2017. Given the fact that we are in a bear market, the number of Coinbase users could have dropped by a quarter leaving approximately 10 Million active traders.

Analyzing Robinhood and according to data from May this year, the trading app has over 4 Million active users. Majority of whom are millennials who are attracted to the mobility of trading through their phones and the fact that the exchange is commission-less. What better way to attract the young generation of traders than through free trading on an app? And now Ethereum Classic is very much accessible to these young traders through their ‘fingertips’.

Summing up both figures, this means that ETC gets exposure to over 14 Million traders by the end of 7th August this year. The current price of ETC is $19.05 but the coin seems to be more bullish than other coins and could be headed for a triple-digit finish by the end of 2018.

One price prediction available online puts ETC at $200 by the end of the year due to the following two factors:

With respect to the latter, ETC is a breath of fresh air in the crypto-markets that have been dominated by the big 6 currencies of BTC, ETH, XRP, BCH, EOS, and LTC for the last few months. The digital asset now has access to two new American based exchanges with approximately 14 Million active users. A conservative estimate of the value of ETC by the end of the year would be $50 if the bear market continues as it is.

However, with a pending Bitcoin ETF at the SEC and the owners of the New York Stock Exchange (NYSE) getting into crypto-investing, $50 might be reached sooner than we think. This will, in turn, clear the way for a $200 ETC by the end of 2018.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Altcoins

Unifi Farms Beta Launches on Unifi Protocol to Pioneer No-Stake Farming

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Singapore, Singapore, 26th February, 2021, // ChainWire //

Unifi Farms Beta Launches on Unifi Protocol to Pioneer No-Stake Farming

Unifi Protocol announces the launch of Unifi Farms. The most revolutionary part of Unifi Farms is there is no staking of the liquidity token required. The public beta launch of Unifi Farms V1 will take place on not one, not two, but six different blockchains at once. 

Unifi is proud to announce the upcoming public beta launch of Unifi Farms V1 on Binance Smart Chain!

Unifi Protocol is not a clone of other DeFi projects, which has led to some very unique innovations.  Unifi Farms will continue this tradition of shattering expectations and introducing features on Unifi Farms not being offered anywhere else in DeFi!   

Unifi Farms will have several advantages over old-fashioned DeFi farms.  The one that will likely be the most revolutionary with Unifi Farms is there is no staking of the liquidity token required! Welcome to the world of true auto-farming on Unifi, where we refer to it as No-Stake Farming.

Why is farming without staking so revolutionary?

Savings! Everyone agrees the high network fees on Ethereum have a large impact on the farming rewards earned by liquidity providers.  Even on low cost networks such as Binance Smart Chain, the network fee is a cost that reduces the benefit of farming. 

To participate in most farms, the user pays at least five network fees.…

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Altcoins

DeFi Wizard Raises $750k from Blockchain Investment Bigshots, to Simplify Multi-chain DeFi Legos

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Bengaluru,, India, 24th February, 2021, // ChainWire //

In order to give shape to their ‘one-click DeFi contracts creation’ dream, Defi Wizard has raised a total of $750,000 from X21 Digital, AU21 Capital, Amsterdam-based TRG Capital, DeltaHub Capital, NGC Ventures, and ExNetwork.

Speaking on latest development Defi wizard founder and CEO, Anand Kamath said: 

“It gives us immense pleasure to announce that our platform, DeFi Wizard has attracted the attention of leading blockchain investors and funds.”

DeFi Wizard aims to help cryptocurrency companies and businesses seamlessly create digital assets, without any hassles, with the objective of becoming an all-in-one token creation platform. 

Investment Usage

This recently concluded fundraising round is an important milestone for Defi Wizard. It will fuel the development of the platform along with operations/maintenance.

Other ways in which Defi wizard will receive assistance is with liquidity bootstrapping for Uniswap listing, alongwith added global and regional promotional efforts to generate awareness for the platform. 

About Defi Wizard

Defi wizard is a dashboard for building DeFi (decentralized finance) smart contracts with a few clicks. It offers real-time programmer analytics and allows users to create smart contracts for ERC20 / BEP20 / EDST, staking, yield farming, governance, cross-chain bridge, gasless relayer baked in.

As per the latest statistics, more than five projects are already using DeFi Wizard’s staking services and more than $100M AUM has been locked through the smart contracts generated through the…

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Altcoins

99Bitcoins takes over the “Dead Coins” project to become the cryptocurrency undertaker

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Singapore, Singapore, 17th February, 2021, // ChainWire //

99Bitcoins, an educational website that maintains a list of Bitcoin obituaries made by the media, has taken over the Dead Coins project as well. This move effectively crowns 99Bitcoins as “The undertaker of the cryptoverse”.

Deadcoins.com was established in late 2017 to document the death of thousands of altcoins that popped up during the cryptocurrency mania of that time. The idea was simple – create a list of coins that have ceased to exist after the hype died down.

A coin can become “dead” due to a variety of reasons such as its development being halted, having no one that uses or trades it, being exposed as a scam and more. While the project was initially maintained only by its founders, it was later outsourced to the cryptocurrency community which was allowed to add their own dead coins.

“I think the dead coins project is a brilliant idea that needs a bit of polishing” says Ofir Beigel, owner and founder of 99Bitcoins. “The fact that anyone can add a dead coin themselves made the list of coins very inaccurate. We’ve spent days going through the complete list and sifted out all of the coins that were buried alive, so to speak. For example, Bitcoin, Tron, Dogecoin and Tether are just some of the coins that were listed when we took…

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