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VERTEX EXCHANGE INTRODUCES GLOBAL TRADING PLATFORM TO HELP CRYPTO COMMUNITIES SELL TOKENS AT ALL TIME HIGH PRICES

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Hong Kong, October 20, 2020 – Vertex Exchange has announced that its global community-oriented trading platform will be officially launched on October 20, 2020. 

Vertex Exchange aims to be the leading global trading platform that merges all altcoin communities from around the world to form one main crypto community trading with only one native token of its kind – the Vertex Token (VTX). 

Vertex Exchange is built with a mission to merge and unite global altcoin crypto communities and allow users to monetize approved ERC20 tokens by swapping them to VTX at their respective ATH (All Time High) prices, then selling them via a unique trading system that seeks to ensure price stability and liquidity. Since all crypto tokens in various markets have one thing in common, that they are tradable as they have monetary value, the concept of Vertex Exchange was first mooted to allow crypto communities to work together by swapping tokens and performing trades on one unified platform. 

The crypto market is well perceived to be highly volatile. It is not unusual that with every peak price of a crypto token, comes a huge down. To date, many token prices have slumped to a fraction of their peak prices. To help token holders recover their losses, Vertex Exchange’s unique trading mechanism will bring about a new breakthrough for all global crypto communities, allowing token owners to monetize at higher values. Functioning as an “automated market” with attractive platform rewards to incentivize users when they participate in daily tasks, Vertex Exchange’s distinct feature is to automatically create a sell order for VTX at a higher pre-determined price whenever a buy order is performed. As the number of tokens listed on Vertex Exchange increases, the value of VTX will also increase, resulting in higher demands and trading volumes.

Targeting to attract massive communities of established crypto tokens, the launch of Vertex Exchange will be one that is highly anticipated by global crypto enthusiasts. To enhance engagement with users, crypto communities will be able to participate as minters who can vote for their favourite ERC20 tokens to be listed on the Vertex Exchange. Through this platform, active traders may also be rewarded with a portion of transaction fees earned from every trade. Nowadays crypto robot automated trading such as Bitcoin Bank, has been given the opportunity to trade on your behalf with 90% success rate

Interested parties may visit its official website:  https://vtx.exchange/ to sign up.

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Algorand Price Collapses as World Cup Demand Fizzles

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Algorand price has been in a strong bearish trend in the past few months. The ALGO crypto price plunged to a low of $0.1630, which was the lowest level on record. It has plunged by more than 94% from its all-time high. 

World Cup bet backfires

Algorand is a well-known blockchain project that seeks to become a leading player in the smart contract industry. Its benefits over Ethereum is that it is significantly faster, cheaper, cleaner, and more scalable.

Algorand has not had a lot of success in the industry. For one, its total DeFi ecosystem has a total value locked (TVL) of more than $148 million, which is significantly lower than that of other chains like Ethereum and Binance Smart Chain. 

Algorand was recently in the spotlight when it became one of the top sponsors of the recent World Cup tournament in Qatar. As part of the partnership, FIFA embraced Algorand as its top blockchain partner. 

The relationship saw FIFA used Algorand’s blockchain to power FIFA+, its NFT platform. FIFA+ sells some of the best-known NFTs in the soccer world. The partnership was important because of the overall popularity of soccer around the world.

However, recent data shows that the bet on FIFA may have backfired as Algorand price has continued crashing. Similarly, NFT and DeFi activity on Algorand has waned substantially in the past…

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AVAX Price Prediction as Bullish Liquidations Soar

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AVAX price collapsed to the lowest level in almost a month as bullish liquidations soared to the highest level since November 9. Avalanche’s coin plunged to a low of $11.90, which was about 18% below the highest level this month and 42% below November’s high.

AVAX liquidations continues

Avalanche is a leading blockchain network that provides infrastructure solutions to other developers. It is a third-generation layer 1 network that is significantly faster and cheaper than Ethereum.

Avalanche’s growth skyrocketed in 2021 as demand for clean, faster, and more efficient projects rose. It accelerated after the company launched Avalanche Rush, a $150 million incentive program for the network. 

Avalanche has been used to build hundreds of decentralized projects in industries like Decentralized Finance (DeFi), Non-Fungible Tokens (NFT), and the metaverse. DeFi Llama identifies 277 DeFi projects that have a total value locked (TVL) of more than $1.7 billion. 

Some of the best-known projects in the ecosystem are AAVE, Benqi, Trader Joe, and Stargate. At its peak, Avalanche had a TVL of over $22 billion.

AVAX price dropped during the weekend as the number of holders who liquidated their holdings jumped. According to CoinGlass, liquidations jumped to over $1.67 million on December 16, the lowest level in more than a month. 

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3 Cryptocurrency Risks to Brace for 2023

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Cryptocurrency prices have been in a strong bearish trend in the past few days as their correlation with American stocks continued. Bitcoin plunged below $17,000 while the total market cap of all cryptocurrencies dropped to $830 billion. Here are the three main risks facing cryptos in 2023.

Federal Reserve risks

The first main risk that cryptocurrency prices face in 2023 is the Federal Reserve. To a large extent, the Fed was the main driver for most assets in 2022. As inflation surged, the Federal Reserve hiked interest rates by 450 basis points. The most recent rate hike was a 0.50% in December which pushed the headline rate to the highest level in decades. 

Actions of the Fed in 2023 will have a role to play in crypto prices. A hawkish Fed, as the officials hinted in this meeting, will lead to more pain for digital currency prices. Still, there are reasons why the Fed will be dovish. For one, inflation has started easing in the past few months. In November, consumer prices dropped to 7.7%. 

Another factor is that recession risks are at an elevated level considering that the yield curve has inverted to the lowest level in decades. In the past, an inverted yield curve has been one of the best predictors of a recession.

Stablecoin risks

Stablecoins are important…

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