Connect with us

News

Threshold Price Prediction After the Coinbase Listing

Published

on

Threshold’s price has been in a strong bullish trend in the past few weeks as investors wait for the mainnet launch. T/USD price soared to a high of $0.063, which was about 221% above the lowest level in 2022. It has pulled back to the current price at $0.050, giving it a market cap of over $401 million.

What is Threshold?

Threshold is a blockchain project that emerged after the merger of two blockchains: Keep and NuCypher. Keep Network was a blockchain created by Thesis, a firm founded by Matt Luongo. On the other hand, NuCypher was a tool that created a tool known as Proxy Re-Encryption (PRE). PRE made it possible to bring distributed access control and distributed data without using third parties.

Keep Network and NuCypher merged to create the Threshold Network whose token is simply known as T. T is an Ethereum’s ERC20 token. However, interestingly, after the merger, the two networks maintained their respective tokens. According to CoinMarketCap, Keep’s token has a total market cap of over $200 million while NuCypher’s NU has a market cap of over $123 million.

Threshold Network has a simple role in that it will make it possible for users to stake their Bitcoins and earn rewards. This will happen by having users deposit and redeem their BTC in DeFi without using any intermediaries. This process will happen through the BTC/tBTC bridge, which will simply bring Bitcoin to Ethereum’s network. 

Threshold’s users can also participate in the network by being liquidity providers in the network. These people make money by depositing assets into liquidity pools for automated market making. The available pools are in Curve and Balancer. 

Finally, they can escrow their T tokens to run a node on the Threshold network. Therefore, the Threshold price is soaring as investors wait for the mainnet launch, which is expected to happen in the coming days. Also, it rose after the coin was listed on Coinbase, as shown below.

Threshold T price prediction

Threshold price

The daily chart shows that the Threshold price has been in a strong bullish trend in the past few days. It went parabolic and managed to move above the key resistance point at $0.0263, the highest point on January 17. The coin has soared above all moving averages.

Threshold has pulled back and formed what looks like a bullish flag or a falling wedge pattern. Therefore, I suspect that the coin will resume the bullish trend and retest this month’s high of $0.062.

News

IMX Price Double-Tops Ahead of Immutable X Token Unlocks

Published

on

By

IMX crypto price pulled back on Friday as investors waited for the upcoming token unlock that is scheduled for Saturday. The token rose to a high of $0.675, which was slightly above the intraday low of $0.6513. It remains a few points below this year’s high of $0.7500. 

Immutable X token unlock

Immutable X is a relatively small blockchain that plays an important role in the non-fungible token (NFT) industry. It is a layer-2 network that is focused on the non-fungible token (NFT) industry. A layer-2 network is a sidechain that handles transactions at a faster pace and at lower costs than Ethereum.

These networks, which include networks like Polygon, Arbitrum, and Optimism, handle transactions at a significantly lower cost. That’s because Ethereum is well-known for its substantially slow speeds and high transaction costs.

As a result, Immutable X has become a favorite blockchain for developers to launch their NFT collections. Data compiled by CryptoSlam shows that Immutable X handles tens of millions of NFT collections on a daily basis. In January, it has handled $11.3 million NFTs, lower than the $14 million that it processed in December. At its peak, it was handling over $53 million worth of NFTs per month.

Immutable X’s IMX token price retreated slightly ahead of the upcoming token unlock that will happen during the weekend. A token…

Continue Reading

News

Cardano Price Gains Momentum as DeFi and NFT Ecosystem Wakes Up

Published

on

By

Cardano price has been in a strong bullish trend in the past few weeks, making it one of the top-performing cryptocurrencies. ADA, its network token, has risen to a high of $0.39, which was the highest point since November 8. It has jumped by over 58% from the lowest level in 2022.

Cardano DeFi ecosystem rebound

Cardano price has been in a strong recovery as activity in its network do well. Data compiled by DeFi Llama shows that the total value locked (TVL) in Cardano’s DeFi ecosystem has been in a strong recovery as cryptocurrencies rebound. After falling below $60 million in 2022, the TVL has bounced back to about $102 million.

A closer look shows that most DeFi platforms are doing well. For example, MinSwap has seen its TVL jump by over 41% in the past 30 days. It has a market dominance of 31.4%. In the same period, Meld has seen its TVL soar to over$17.59 a million, making it the second-biggest DeFi platform in Cardano.

Other top players in the ecosystem are Indigo, WingRiders, MuesliSwap, and SundaeSwap have all seen their TVLs jump by double-digits, as shown in the chart below.

Cardano NFT…

Continue Reading

News

Aptos Price Continues to Defy Gravity as Activity Rises

Published

on

By

Aptos price has been one of the best-performing cryptocurrencies in 2023 as it roared to its highest point on record. APT jumped to a high of $20.45, the highest point on record. In all, it has jumped by more than 493% from the lowest level of all time. 

Why Aptos is soaring

Aptos is one of the fastest public blockchains in the world. It is an Ethereum rival that acts as a foundation for developers to build adaptive and high-quality applications across all sectors. The network, which is well-funded, has excellent speeds of more than 10,000 transactions per second.

Aptos has gained a lot of traction in the past few months. A good way to look at it is to consider the volume of assets that have been locked in the ecosystem. Data compiled by DeFi Llama shows that Aptos has a total value locked (TVL) of more than $75 million. 

The number of apps in its ecosystem has been on a steady growth in the past few months. According to DeFi Llama, the number of DeFi apps in its ecosystem have grown to 16. It has a total value locked (TVL) of more than $75.65 million, making it one of the biggest players in the industry. 

PancakeSwap is the biggest app in its ecosystem with a TVL of over $34 million. This…

Continue Reading

Press Release