Aurelia Butler

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    in Cryptocurrency

    Top 10 Cyptocurrencies in the World by Twitter Followers

    While a cryptocurrency’s potential and worth can’t be judged just by the number of hashtags it has or the number of its followers, it oftentimes help spread good news across social media, leading to more hype and possibly more palpable price surges.Here, we’ll take a look at the most popular ones on Twitter (NYSE:TWTR), as measured by the number of followers their official accounts have and how many times their hashtags have been used.1. Binance Coin (BNB)Binance Coin (BNB) is the most popular crypto on Twitter at the moment with its exchange company having nearly 9 million followers.BNB is the native currency of Binance’s own blockchain — Binance chain — and was originally built on the Ethereum network. Binance exchange, with a volume of $7.6 billion as of Q2 2022, is also the world’s biggest cryptocurrency exchange.2. Bitcoin (BTC)Bitcoin is second on the list with 5.31 million followers and over 2,000 tweets about it in the past hour. Bitcoin, which was first released in 2009, is the oldest and most valuable cryptocurrency in the world. Since then, it has become the world’s most popular cryptocurrency. Its success sparked the creation of a slew of other cryptocurrencies.3. Dogecoin (DOGE)Dogecoin has 3.40 million followers on Twitter. DOGE is an open-source, P2P cryptocurrency. It’s classified as an altcoin and the world’s most popular memecoin. The Shiba Inu dog serves as the emblem for Dogecoin, which was launched in December 2013. Dogecoin has a devoted following of fans who trade it and use it as a social media tipping money.4. Shiba Inu (SHIB)Shiba Inu’s official account has 3.38 million followers on Twitter. SHIB is an alternative cryptocurrency based on Ethereum that features the Shiba Inu, a Japanese hunting dog breed, as its mascot. Shiba Inu is commonly viewed as a substitute to Dogecoin; in fact, its supporters refer to it as “the Dogecoin killer.” SHIB is the second most popular memecoin in the world.5. Ethereum (ETH)Ethereum is followed by 2.59 million people on Twitter with 1,600+ tweets about it in the past hour. The blockchain technology that powers Ethereum enables the public creation and maintenance of secure digital ledgers. Bitcoin and Ethereum share numerous similarities, but have distinct long-term goals and constraints. Ether is the second-largest cryptocurrency in terms of market capitalization.6. XRPRipple, the company that created XRP, has 2.51 million followers on Twitter. The XRP blockchain operates somewhat differently than most other cryptocurrencies. Some cryptocurrencies allow anyone who can quickly solve complex equations access to their transaction ledgers and verification processes. However, transactions are safe because the majority of ledger holders must approve the verification before they can be added.7. Cronos (CRO)Crypto.com, the exchange that developed Cronos (CRO), is the seventh most followed crypto account on Twitter with over 2.2 million followers. All of Crypto.com’s services are powered by CRO. Cronos Chain is also powered by CRO, allowing users to pay more online vendors with cryptocurrency than the current options.8. Solana (SOL)Solana’s Twitter account has 1.87 million followers.SOL is the codename for Solana’s cryptocurrency. Using staking, Solana’s native and utility token can be exchanged for value as well as a means of protecting the blockchain. SOL was established in March 2020 and has since climbed on the list of top ten cryptocurrencies by market capitalization.9. Polygon (MATIC)Polygon is a cryptocurrency with the symbol MATIC and a platform for connecting and scaling blockchain networks. For the administration and security of the Polygon network as well as the payment of transaction fees, MATIC tokens are utilized. Polygon’s official Twitter account is followed by 1.52 million people.10. Baby Dogecoin (BABYDOGE)Baby Dogecoin is a cryptocurrency created by the Dogecoin online community. According to its official website, BABYDOGE seeks to impress its father, Dogecoin (DOGE), by demonstrating its newly enhanced transaction speeds and endearing nature. As a deflationary token, Baby Dogecoin is intended to become scarcer over time. Baby Dogecoin is widely loved by the crypto community and it has 1.43 million followers on Twitter.Continue reading on CoinQuora More

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    in Economy

    Charting the Global Economy: Inflation Hits a Record in Europe

    In the US, employment growth remained solid in May and suggested the economy is holding firm as the Federal Reserve hikes interest rates. Ukraine, Canada and Kenya were among central banks that raised borrowing costs to combat soaring inflation.Meanwhile, Chinese officials are pursuing measures to shore up a shaky economy, and Brazil’s first-quarter economic growth proved disappointing.Here are some of the charts that appeared on Bloomberg this week on the latest developments in the global economy:Euro-zone inflation accelerated to an all-time high. The gap between the highest and lowest inflation rates among the currency bloc’s 19 members has also jumped to its widest ever. The scale ranges from Malta — where consumer prices advanced 5.6% last month, to Estonia — where inflation hit 20.1%. That’s a difference of more than 14 percentage points, more than at any time since the dawn of the euro in 1999.Italy has one of the lowest levels of labor participation in Europe, which may prove among the trickiest challenge for the EU to fix with its 200 billion-euro Recovery Fund effort.Joining the euro is actually a condition of signing up to the European Union, though the Czech Republic, Hungary, Poland and Sweden don’t seem interested. Meanwhile Denmark, which clinched an opt-out on acceding before the dawn of the currency, isn’t budging either. Employers hired at a robust clip in May while wage gains held firm, suggesting the economy continues to power forward as the Fed raises interest rates at a steep pace to tame red-hot inflation.High schoolers and their parents are increasingly questioning whether a traditional four-year college education is the right financial decision, with rising costs often resulting in crippling student-loan debt.Ukraine more than doubled its interest rate with a 1,500 basis-point hike that lifts the benchmark to 25%. Officials are reactivating policy tools to stem inflation and shield the currency battered by the Russian invasion. Canada, Kenya and Hungary were also among central banks boosting rates this week.Global food prices stayed near a record as Russia’s invasion of Ukraine disrupted trade, fueling hunger and worsening a cost-of-living crisis. Russia’s blockade of key Black Sea ports has exacerbated supply-chain turmoil, sending prices soaring and prompting the United Nations to warn that food shortages may spur millions of people to migrate.Chinese officials have vowed to carry out a slew of government policies to stimulate growth following Premier Li Keqiang’s recent call to avoid a Covid-fueled economic contraction this quarter.As the world climbs out of the pandemic, economists warn of a troubling data point: Failing to restore jobs for women — who have been less likely than men to return to the workforce — could lop trillions of dollars off global economic growth. The forecast is particularly bleak in developing countries like India. With inflation at 58% and accelerating, Argentina’s $500 billion economy is an outlier even in a world where prices are taking off almost everywhere. It’s not just a pandemic-era problem: while the historical statistics are suspect, Argentina hasn’t had single-digit inflation in at least a decade.Venezuela’s government is quietly rolling back a decades-long policy of subsidizing electricity, water, gas and road tolls to shore up fiscal accounts, shifting the costs to businesses and individuals long accustomed to cheap utilities. Brazil’s economy grew less than expected in the first quarter in another setback to President Jair Bolsonaro as he readies his re-election bid.©2022 Bloomberg L.P. More

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    in Cryptocurrency

    Waves (WAVES): Price Updates, Recent Developments, Future Events, Community

    The Waves blockchain enables users to create and launch custom crypto tokens. Unlike most blockchains, Waves allows users to create trademark tokens without extensive smart contract programming.The project emphasizes the ease it affords developers who want to onboard and build on the protocol. So, how has this easy to adopt protocol been performing recently?Recent Developments and Future EventsWaves recently announced the launch of a decentralized autonomous organization (DAO). The council is composed of Waves Enterprises, Waves Labs, and Tokenomika. The DAO was to manage and execute decisions by the community members. In addition, the protocol has made its software code open-source, allowing developers to leverage the existing code to build. Large accounts have also been liquidated, and their collateral is taken over to be used for the benefit of the Waves ecosystem. Prior to the de-pegging of Terra’s UST stablecoin, Waves’ algorithmic stablecoin, Neutrino USD (NUSD), also lost its peg to the value of the U.S. dollar in early April. This was due to the aggressive selling of the token in the USDN liquidity pool on Curve Finance. Despite falling to as of now at $0.68, the NUSD is now pegged at 1:1 with the dollar. To prevent the issue from repeating itself, Waves released a revival plan.Waves set a threshold of 1 and a max borrowing for APR to 400 tokens to avoid aggressive selling if it’s tokens. Borrowers must now return 99.98% of their loans to avoid liquidation of their positions. The daily withdrawal limits for USDT and USDC across all the DeFi protocols on the Waves ecosystem have been set at $1,000. This discourages the use of DeFi bit and whales who could pull massive liquidity from a protocol at once. Priding itself as an easy developer onboarding project, Waves is adding Java and Go libraries updates to its protocol. According to waves, the update will support all the Waves blockchain features and be made available “soon”.Price UpdatesDespite the plunging prices of crypto assets, Waves (WAVES) has been one of the biggest gainers. In the last one week, the price of WAVES has gone up by more than 140%.The seven days price chart of Waves (WAVES). Source: CoinMarketCapThe rally saw WAVES hit a three week high of $11.28, from a low of $4.6 on May 27. After the massive rally, WAVES corrected to as low as $9.2. WAVES is marginally up by 0.51% over the last 24 hours. The 24 hours price chart of Waves (WAVES). Source: CoinMarketCapWAVES now trades at $9.60 and is ranked as the 51st largest cryptocurrency with a market cap of $1.07 billion. The revival plan appears to have caused a spike in the trade volume of WAVES. The daily trade volume of WAVES hit a high of $3.8 billion on June 1 after recording $173.4 million on May 28.On The Flipside
    Community Waves is a community-centric project, and this is mirrored by the recent launch of a DAO. Waves grant its community members the power to reject proposals that they perceive would be against free-market values and accept proposals that benefit the long-term sustainability of the Waves DeFi ecosystem.The project also enjoys immense community support from members who believe in the DeFi ecosystem Waves is building.@bryptokenneth3 writes about the project;The ability of the Waves team to restore the peg of its USDN stablecoin after being de-pegged is a testament to its potential and the effort being put into development.Continue reading on DailyCoin More

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    Bitcoin ETPs in May Grow by 9,765 BTC

    According to a report by Arcane Research, Bitcoin exchange-traded products (ETPs) have seen a strong recovery since the last fall by an additional 9765 BTC in May.In a report, Arcane noted that Bitcoin (BTC) ETPs had fallen to 188,091 BTC in April from 202,450 BTC in March. However, the month of May ended with BTC ETPs at 197,856 BTC. The momentum has further strengthened in early June. The global BTC ETP holdings hit a new all-time high (ATH) of 205,008 BTC two days into June.May also saw the introduction of the Australian BTC exchange-traded funds (ETFs). The launch has, however, been underwhelming, where BTC ETFs held 237 BTC under management by the end of May Australian.The European Training Networks (ETNs) also experienced sustained outflows that led to negative flows from Europe on aggregate. However, within the European markets, the redeemable ETPs see small net inflows suggesting a restructuring of the European BTC ETP market.The Canadian ETFs, on the other hand, saw their strongest monthly net inflows in May since last year May, leading the BTC under management from the Canadian BTC ETFs to surge to a new ATH.According to Investopedia, Bitcoin ETFs are pools of bitcoin-related assets traded on traditional exchanges. It is similar to crypto futures contracts, where retail investors who are uncomfortable investing in cryptocurrencies have access to them without actually owning them.With BTC ETF, an investor cuts complex storage and security issues for cryptocurrency.Continue reading on CoinQuora More

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    in Cryptocurrency

    Cardano Sees Impressive Statistics Heading Into the Weekend

    Charles Hoskinson revealed in a Tweet on 3 June that Cardano (ADA) has the highest daily on-chain volume. By the end of May 31, ADA’s on-chain trading volume stood at $11.8B, and its Year-to-Date now stands at 369%.By the end of May 31, ADA’s on-chain trading volume stood at $11.8B, and its year-to-date now stands at 369%.Cardano got a small bounce the second half of Friday trading after large whale transaction counts began to appear on the ADA network.At the moment, Cardano is trading at $0.5664 after a 2.64% drop in price over the last 24 hours.Daily On-Chain Transfer Volume (Source: Kraken Intelligence, Coin Metrics)In other Cardano news, a Tweet from Santiment on June 4 revealed that “Cardano got a small bounce the second half of Friday trading after large whale transaction counts began to appear on the ADA network. An extreme example of the last time whales accumulated on a downswing, prices jumped +28% in the span of 18 hours.”Cardano whale transaction count (Source: Santiment)After the Cardano whale transactions saw the spike, it led to a +5% price increase at the time.Possible reasons for the whales’ excitement surrounding Cardano could be ADA’s Vasil Harfork Event that is just around the corner.Cardano is currently in the 6th position on CoinMarketCap’s list in terms of market capitalization. This puts ADA behind Binance Coin (BNB) in the 5th position and right in front of Ripple (XRP) in the 7th position.At the moment, Cardano is trading at $0.5664 after a 2.64% drop in price over the last 24 hours. This price translates to about 0.00001904 BTC or 0.0003191 ETH. ADA also saw a 24 hour high of $0.5741.At the moment, Cardano’s market cap stands at $19,107,686,691 which is down 2.85% over the last day.The crypto also saw a 24 hour trading volume of $846,662,424 which is 16.06% lower than yesterday’s number.Continue reading on CoinQuora More

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    South Korea ramps up crypto investigations and regulations

    As reported by local news outlet Money Today Co., the FSS had recently demanded reports from 157 payment gateways about any service related to crypto, their plans for the future, and disclosure of digital assets. But an FSS report stated that only 6 held any digital assets. Continue Reading on Coin Telegraph More

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    in Cryptocurrency

    Arthur Hayes Bets ETH Will Reach $10k by End of 2022

    The former CEO of BitMEX, Arthur Hayes, said that he believes that it is possible for Ethereum (ETH) to reach $10,000 by the end of 2022, but that the market could still be choppy in the meantime.Hayes also believes that the market is neither near or at the bottom of the cycle, and the only way for the market to make a comeback is for the US Federal Reserve to down the rate hiking process. Hayes also stated in his latest blog post that the Fed will continue raising the interest rates throughout Q3, which will only add more downward pressure on the crypto market.In other words, Hayes only believes that it’s possible for ETH to reach $10,000 by the end of the year on the condition of a resumed bull market, which can only happen if the Fed eases up on the raised interest rates.He was quoted saying “this is why the political and macroeconomic picture must coalesce before the crypto market can march meaningfully higher.”One thing that could boost ETH’s chances of reaching $10,000 by the end of the year is the prospect of The Merge that is just around the corner.At the moment, ETH remains the second-largest crypto in terms of market capitalization in CoinMarketCap’s list. The crypto’s market cap currently stands at $213,837,140,668.ETH is currently worth $1,765.94 after a 2.64% drop in price over the last 24 hours and reaching a high of $1,818.81 over the same time period. Over the last week, ETH saw a 0.17% increase in price.ETH also saw a 24-hour trading volume of $14,413,368,773, which is a 4.52% decrease from yesterday.Continue reading on CoinQuora More