Aurelia Butler

Project ReviewAMP, the native cryptocurrency of the Amp blockchain, was introduced in 2020 as a collateralized token designed to speed up transactions for a wide variety of asset-related use cases.Amp can be used to facilitate digital payments, fiat currency, loan distributions, and proceeds from property sales. Amp also supports cryptocurrency networks, including the two largest in the world – Bitcoin and Ethereum.The Amp team is also behind the Flexa Network, an open-source digital payment processing network. With Flexa, users can quickly and irreversibly secure transactions for a wide variety of asset-related use cases.Amp offers a versatile interface that supports verifiable collateralization for up to 25 digital assets through a system of collateral partitions and collateral managers.Price UpdatesWhile cryptocurrencies are struggling to maintain their gains in the choppy market, Amp (AMP) has been in blistering hot form. AMP has gained more than 43% over the last 48 hours, the best of any top 100 crypto ranked by market cap.The 48 hours price chart of Amp (AMP). Source: CoinMarketCapOver the last 24 hours, AMP tops the performance chart of the top 100 cryptos, gaining more than 30%. The price pump has led AMP to set a new 30-day high of $0.01472.The 24 hours price chart of Amp (AMP). Source: CoinMarketCapAmp (AMP) now trades at $0.01105 and has moved up the market cap ranking. Amp is now ranked as the 77th largest cryptocurrency, with a market cap of $429.2 million.Recent Developments and Future EventsJune was a busy month for Amp and Flexa as they continued to expand their pure-digital payments solutions to more merchants and developers. Flexa announced its solution had been integrated by Chipotle. The Flexa integration saw Chipotle, a fast, casual Mexican restaurant chain in the United States, begin accepting digital currency nationwide exclusively through the Flexa Network.Flexa also debuted its new product, Flexa payments, at Consensus 2022 in Austin, Texas. At the launch, Flexa was used to power the spending of the DESK token across the Consensus festival.Outside the Consensus festival, the new Flexa Payments product makes it easier than ever for any app to spend via Flexa. A week after it launched, Flexa announced that ten apps had adopted the Spend SDK – a complete suite of Flexa-powered spending features.Later in June, Amp announced that Flexa had acquired Drop Party to deliver custom marketing experiences for merchants to bolster Flexa’s product offerings in stores and online. In addition, Flexa leads the pack of green blockchain projects by balancing its carbon emissions on all blockchain and operating activities with high-quality, verified carbon offsets to maintain a completely carbon-negative network. Amp and Flexa support staking for Bitcoin, Bitcoin Cash, Cardano, Celo, Dogecoin, Ethereum, Lightning, Litecoin, Polygon, Solana, Tezos, and Zcash, with additional networks anticipated in the future.On the FlipsideCommunityAmp is often compared to other crypto payment processors like Ripple (XRP) as a payment network. However, supporting multiple asset classes has made the Amp community more fond of the project than any other.The crypto tax accountant, @Bitbookkeepers, wrote this about Amp.The recent price surge has also brought out newfound belief in the future of the project. As AMP pumped, Oscar Ramos wrote;Amanda predicts that AMP will rise even further, encouraging people to Hodl. She writes;Why You Should CareThere is a lot to like about AMP and the Flexa payments platform it powers. Helping users mitigate risk by granting them easy access to financial products by leveraging their crypto assets, the use cases of Amp and its AMP token have only been predicted to rise.Continue reading on DailyCoin More

The largest altcoin by market cap, Ethereum (ETH), signals a buying opportunity level for day traders and potential scalpers.According to CoinMarketCap, the price of ETH has dropped 2.39% over the last 24 hours to take its price down to $1,038.6. This price dip also adds to its dismal weekly performance as the coin is now 15.43% down over the last 7 days.Given the current level of ETH, it may be good to buy opportunities for traders for a short- to medium-term trade.ETH/USDT- 1-day Trading chart (Source: CoinMarketCap)Looking at the daily trading chart of ETH/USDT, the price of ETH has neutrally broken out of the bearish descending triangle chart pattern. This may indicate that the price of ETH will consolidate around the support level at $1,032.27 as bears eased their pressure slightly and bulls attempted to keep the price above this level.Given that the bearish chart pattern did not play out and bears were unable to break the support level, investors could now try to identify some trade entries for ETH. The Relative Strength Index (RSI) is also in oversold territory which may suggest that the selling pressure has been exhausted.Furthermore, the RSI line has recently crossed below the RSI SMA line, but not convincingly. This could indicate that this movement is not a strong one and may not holdInvestors and traders should be cautious as the latest candle has escaped the chart pattern and has not yet closed. If the candle closes below the base of the pattern then the short-term bullish thesis will be invalidated.Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CQ. No information in this article should be interpreted as investment advice. CQ encourages all users to do their own research before investing in cryptocurrencies.Continue reading on CoinQuora More

Prominent crypto figures on Twitter, including trader @KongBTC and blockchain investigator @otteroooo, requested their followers to withdraw all of their funds from the KuCoin while claiming that the exchange may soon stop all users from withdrawing funds.Continue Reading on Coin Telegraph More

Compare this with our real civilization. If we wanted to, we could probably map the many technological capability paths that got us to where we are today. After all, our current tech stack is what the Civilization tech tree is modeled after. What if we could build a tech tree that was future-facing, starting now? Reality is, arguably, more complex than a computer game. So, rather than mapping civilization at large, perhaps we could start with individual technology areas and map those out, one by one. Within technology domains, one could break down the main goals for the field into future capabilities required to get there and recursively work ourselves backward to the present capability stack.Continue Reading on Coin Telegraph More

Despite the crypto market waving a red flag, there are few projects launched in the market, making positive news, in the past week.One of the most notable happenings in the crypto industry is Solana’s announcement of a web3 smartphone. On June 23, Solana Mobile, a subsidiary of Solana Labs, introduced Saga.Saga is a flagship Android mobile phone with unique functionality and features integrated with the Solana blockchain which makes it easy and secure to transact in web3 and manage digital assets. The crypto smartphone includes a 6.67” OLED display with 12 GB RAM and 512 GB storage.Meanwhile, NFT.NYC, the annual NFT industry event took place between June 20-23 2022 The event was also a hot topic in the crypto space. This conference is the largest NFT conference in the world. According to those who attended the conference, the mood was quite optimistic despite the recent bear market.One of the most notable announcements from the conference was made by the blue-chip NFT project Doodles, which recently launched a sequel called Dooplicator. Also, the NFT project announced that Pharrell Williams is now its Chief Brand Officer.Another project that hit the headlines was Soulbound Tokens (SBT). SBTs are non-transferable identity and reputation tokens. In essence, they allow individuals to verify all their information – their education, work history, credit score, medical history, professional certifications, etc, by using blockchain technology.The person behind the project is none other than Vitalik Buterin, the founder of Ethereum (ETH). SBTs are the answer to his questions on how to create a decentralized society (DeSoc) and how to make this vision a reality.Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CQ. No information in this article should be interpreted as investment advice. CQ encourages all users to do their own research before investing in cryptocurrenciesContinue reading on CoinQuora More

With the current crypto bear market, savvy investors have an opportunity to purchase high-valued crypto assets at a discount. With that being said, here are some of the best cryptos to stock up on during this phase of the market.The first on the list is the most established crypto, Bitcoin (BTC), with its current market cap of around $370 billion. Bitcoin’s price has skyrocketed over the years and is like a household name. In May 2016, one BTC was worth $500, now one BTC is worth $19,217 – a 3,500+% increase.Furthermore, BTC is a go-to favorite in times of crypto market crisis given its long-standing position in the market and its resilience against bear markets.For investors who want to wait for signs that the crypto market is in a consolidation or recovery phase, a stablecoin may be the best investment option for now. A stablecoin is a special type of crypto whose value is pegged to another larger value, such as a fiat currency, commodity, etc.The biggest stablecoin by market cap is Tether (USDT) which is pegged to U.S. dollar reserves. It has also been in the market for a long time and survived the most bear markets among all of the stablecoins. However, there is speculation whether or not Tether has the U.S. reserves that they claim they have.An alternative to USDT that investors can buy into while the bear market plays out is USD Coin (USDC), which is powered by Ethereum.Another crypto coin that could be a good investment during this bear market is Binance Coin (BNB), with a market cap of around $35 billion. BNB is the native utility token of Binance, the largest crypto exchange in the world.Since Binance launched in 2017, it has expanded its range of services and offerings that were initially limited to just crypto trading. BNB’s price in 2017 was just $0.10 and by early July 2022, its price had risen to around $215, which is an approximate 214,900% gain.The Binance platform continues to make strides during a time that many of its crypto exchange competitors are laying off staff and consolidating funds. One example is Binance bringing on 2 new brand ambassadors. One of the ambassadors is the world’s biggest football icon, Christiano Ronaldo. The other brand ambassador is a well-known TikTokker, Khaby Lame.Cardano (ADA) is the next coin on the list that investors should look into buying. The team behind the coin has been rapidly developing their blockchain during this bear market with its most anticipated upgrade ever still on the way; the Vasil Hard Fork. ADA is arguably one of the most undervalued coins in the crypto market at the moment.Meanwhile, Solana (SOL), similar to ADA, is an Ethereum competitor. Although ADA leads the way in terms of community and market cap, SOL is still a good option to invest in. One problem reported with SOL is the number of recent network outages that its blockchain has experienced. However, this is mainly due to SOL pushing the limitations of blockchain technology.If SOL’s team can improve the stability of the blockchain, this could be one of the best-performing tokens in the space with one of the most performant blockchains on the network.Last on the list is Polygon (MATIC), which is a layer-2 scaling solution that aims to scale the Ethereum (ETH) blockchain further. By coupling Polygon with Ethereum, the Ethereum blockchain can achieve higher transaction speeds with lower transaction fees.Given that ETH is the largest altcoin by market cap, it could reportedly push up the value of MATIC over the coming months or in the next bull run.Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CQ. No information in this article should be interpreted as investment advice. CQ encourages all users to do their own research before investing in cryptocurrencies.Continue reading on CoinQuora More