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Every week we make a digest about the most significant news in crypto with bloggers and crypto community members, but this week we decided to check out what our friends from the media find interesting in the world of crypto.
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?? FXT Token Joins the Bull Run as Its Price Increases by 1,500%
An Ethereum-based FXT-token just recently completed its ICO experienced 1500% price rise in the first half of May causing the multiplying of its holders profits, while the volatile cryptocurrency market is going through tough times. Many investors consider it as a good option to buy and hold, and at the time of publishing, it reached a remarkable 24H trade volume at the level of USD 19,639,902. FXT-token being the only one for the Forex Trading market aims to be a distinctive digital currency for purchases and trading in the new financial system.
“Given the rapidly growing investors and acceptance of the FXT token, it is open to continue following the bullish momentum, multiplying the profits of token holders.”
?? Apollo Space Token Launches NFT Like Star Naming Registry on BSC
Apollo Space Token (AST) is joining NFTs bullying season in a unique iteration of a decentralized star naming registry, planning to give a second life star register field with the help of GenZ. The project that was launched just a few weeks back, but already reached a $1,5 million market cap offers a unique intergalactic service for those who are interested in everything related to cosmos. Anyone can secure their name on a decentralized LEDGER and get one of a million stars in the galaxy to be named after him or her. All the names will be recorded in the star name registry, so users basically will buy and transfer the name ownership. As the demand grows, the value of each star will always increase. The database that is still being under the process will be maintained through the AST foundation which is going to be managed by the holders.
“The AST project might sound like a unique idea in itself, however, the ecosystem has much more to offer than a decentralized star naming registry as its native token AST can be utilized to earn passive income along with the token burning system that increases the potential of the native token to rise in price.”
?? TrustMoon Bounty Campaign Is Live with 25 Trillion Tokens
TrustMoon Bounty Campaign of TrustMoon network is on from May 13 with 25 trillion their BSC-10 Tokens and the presale where 25% of the tokens will be available will start on June 1st. During the presale program, users will get a chance to earn up to 1,5% worth of $Trust tokens. Right now only 2,5% of tokens are available out of a total supply of 1 Quadrillion. 25 trillion of $TrustMoon are assigned for bounty and marketing. Early community members also have a chance to earn the token through social activities such as posting, sharing, commenting, etc. The program will finish once all the assigned tokens are over.
“This program is to encourage more investors to join our TrustMoon community. We have announced the TrustMoon Community Bounty Program to cheer every interested issuer, customers, and investors to participate in the upcoming events and program. Now, we offer every user a chance to earn contribution rewards and points to win $TrustMoon tokens.” — TrustMoon CEO
?? KuCoin Review | Fees, Security, Pros and Cons
Cryptocurrency exchange platform KUCOIN launched in 2017 just in 4 years reached the top positions in the community thanks to its low conversion rates. Among other pros are: fast transaction speed, clear account division, the long list of supported cryptocurrencies and availability in more than 180 countries, an extensive range of security protocols, and the chance to invest in KCS tokens that were launched during foundational years. As for the cons, the platform may seem a bit complicated for beginners and the waiting time for the chat helps if something went wrong during the use.
?? Unicrypt Platform Making Advancements to Achieve a Self-Sustainable Launchpad
Decentralized finance platform Unicrypt is launching ILOs, while its decentralized launchpad was already appreciated by many investors who can use it for listing ILO without going through the long procedure. The project was rapidly growing, showing 653 thousand visitors in April and its native UNCX token has vastly grown in value. Additionally, Unicrypt has partnered with Jigstack to enlarge the user base by using Jigstack’s Lemonade tool for token vesting and liquidity lockers. Unicrypt where UNCL/ETH and UNCX/ETH pairs are supported for the farming recently activated new farming tools to maximize the rewards.
“This upcoming tool helps in periodically releasing tokens. For instance, some projects may start releasing locked tokens in proportions, maybe 30% every 6 months, and the remaining at the end of 24 months. Token vesting plays a unique role in assuring the investors that the projects can be relied upon in the long term.”
?? $Viagra: A Community-Driven NFT Marketplace That Donates to Men Health Charity
Viagra Project is a new NFT-based project with the goal to raise money for men's health charities across the world. It has its own community-owned Viagra Token that rewards holders with deflationary, automatic LP burning tokenomics. To prevent any kind of machinations and to balance token distribution, limits were put on the transaction amounts at the initial stage. The community will donate every two weeks to the charities voted for by the community members, steadily raising the amount as the market cap grows. The community establishes a non-profit organization with NFT and Merchandize Market Place to provide regular donations.
”The Tokenomics of Viagra makes it unique as 10% of the total tokens is Tax on sales, 5% Goes to LP while another 5% goes directly to loyal $VIAGRA holders. The project token can be bought on Pancake Swap and has reached a $2.5 million market cap in a short period.”
?? Litecoin (LTC) Update and Price Forecast
Litecoin’s price joined the one of Bitcoin and lost 50$ after Elon Musk talked about high energy consumption caused by the main cryptocurrency mining, even though it was moving upwards since the beginning of the year. According to different timeframes analysis, the leg down can be expected before the new leg up might appear taking Litecoin above $400, though to form this leg up can take months or even years. On the higher time frames, the uptrend seems to prevail, but long-term traders are advised to wait for good bullish signals before jumping into long positions. Short-term traders can try using the temporary declines though there is no guarantee that the bearish movement will stay for a long time either. So the general recommendation on Litecoin is not to enter the position without a confirmation.
?? Matic, Vitalik & B21: There’s No Bigger Reason To Adopt Crypto in India Than This
After Sandeep Nailwal, co-founder and COO of Polygon initiated a “Covid Relief fund” to help India fight the second deadly wave of pandemic, many members of the crypto community reacted to the call for help. Covid Relief Fund fully took the responsibilities related to the transparency, usage, and compliance of the funds. The biggest donation of $600,000 in ETH and $1 billion in Shiba tokens were made by Vitalik Buterin, co-founder of Ethereum. It’s also the biggest donation ever made to India by an individual. After that other big donations followed including $50k in ETH from Balaji Sreenivasan, former CTO of Coinbase, 1BTC from Australian cricket legend Brett Lee and $210k in TRX from Justin Sun, the founder of TRON. As the financial experts from all over the county agreed to oversee the campaign regulatory and audit aspects, regulatory clearance was achieved fast and the funds were converted to fit through creating an account in FV branchless 100% online Bank. And even though the government was suspicious about those donations, they were finally legalized. That sounds optimistic for the future of crypto in India.
“Indeed, this long series of events has been nothing short of inspirational, and it continues to be a true testament to the power of the crypto community. It has also made people recognize the beauty of transparency in crypto transactions.”
?? What DeFi & Crypto VCs Look at in 2021?
By May 2021 market capitalization of the DeFi sector overreached $140 billion achieving its historical maximum. And as Ethereum is still dealing with the high gas fees and transaction times, investors switch their attention towards other protocols: Polkadot, Solana, Binance, etc. As the new protocols and DeFi projects rise, InnMind started doing special events where pre-IDO startups pitch to VC investors for the private token sale round. It also includes educational stuff for newbies in the sector. So far more than 60% of startups were funded after the shark tank session, thanks to more clarity and transparency brought by the event.
?? Dogecoin Price Prediction 2021: Is Dogecoin a Good Investment?
Dogecoin was amongst the top performing assets this year gaining thousands of percent of growth and becoming 6th largest by market cap, which reached $40B mainly thanks to Elon Musk posting about it. And while the top assets together with DOGE are experiencing the pullback its moving averages show that the price still sustains healthy upward potential. According to the Relative Strength index the asset is being oversold, and it can cause a price increase if more buyers will join, though this probably wouldn’t happen fast because of the current market downtrend. The opinions of the top prediction websites disagree in numbers, but most of them believe DOGE to grow at least 25% by the end of the year.
“On the question of why Dogecoin is going up, it may be because it has gained investors’ confidence, which may significantly enhance its future growth.”
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