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I don't use charts. (Not against them). I'm a fundamentalist. (Accounting background).
I look for cryptos that are solving real world global issues or create a paradigm shift to the better. They have to have a solid use case(s). I particularly look for those that were created to improve the problems of popular/successful cryptos. (Thus striving to be better than the best).
For example:
Solana (SOL) was created as a "better" Ethereum (ETH).
Chainlink(LINK) was created to link the most needed centralized data through oracles to create secure decentralized blockchain data and link that to other blockchains.
Basic Attention Token (BAT) browser was created as a competitor to, or better, Google.
ASM was a gamble for me, because it wasn't improving on an existing crypto, but was a paradigm shift for "discounts/points".
WOO Network will use Chainlink to launch customized institutional oracles
"The research-driven initiative combines WOO Network’s liquidity provision strategies with Chainlink’s robust oracle technology to create customized Chainlink oracles based on WOO’s market data."
The need for highly reliable market data
"The DEX relies on highly-granular market data from the WOO Network to be pushed frequently into the blockchain in order to replicate a CeFi order book on-chain.
Unlike other market data oracles that push an update after the price deviates a set amount from the previous price, WOOFi needed additional parameters including mid-price, spread, and a liquidity coefficient. WOOFi also requires the oracle to be updated more often in order to ensure the DEX can operate with only 0.1% swap fees.
On top of these demanding requirements, it was also essential that the oracle technology be capable of maintaining highly consistent uptime, even in volatile market conditions, and the Chainlink proved to be a natural fit for supporting this customized solution."
https://cryptoslate.com/woo-network-will-use-chainlink-to-launch-customized-institutional-oracles/
I also started out with a small position to check the water.
When it moved from 8 to 10 cents I tripled my investment in this.
Today it's really put me in the green.
I think the token is based on a good concept....digitizing a decentralized discount/coupon system that can be participated in globally across currencies and discount/point providers.
Expanding ecosystem and $1.86B futures open interest back Solana’s $250 target - (10/26/2021)
"Derivatives data shows institutional demand remains strong for SOL, and on-chain data points to a rally to $250.
The price of Solana’s SOL coin is meeting resistance near its all-time high again, but solid fundamentals and the impressive growth of its decentralized finance (DeFi) and nonfungible token (NFT) ecosystem are likely to drive the altcoin above $250 before year-end."
https://cointelegraph.com/news/expanding-ecosystem-and-1-86b-futures-open-interest-back-solana-s-250-target
Oracle Computation: Expanding the Purpose of Oracles to Data Delivery and Off-Chain Computation
Key takeaways:
o The purpose of oracles extends beyond delivering external data to blockchains. Oracles can also perform a new type of trust-minimized off-chain computation on behalf of smart contracts, referred to as “oracle computation.”
o Oracle computation falls in between centralized Web 2.0 computation and decentralized blockchain computation, achieving more performance and feature richness than blockchains while being more tamper-resistant and transparent than Web 2.0 systems.
o Oracle computation extends the capabilities of smart contract execution by increasing scalability, cost-efficiency, and privacy, as well as granting access to new features like order fairness, verifiable randomness, off-chain aggregation, and transaction automation.
o Chainlink offers applications a vast array of services powered by oracle computation, including Chainlink Keepers, Chainlink Verifiable Random Function (VRF), Off-Chain Reporting (OCR), and the Cross-Chain Interoperability Protocol (CCIP).
https://blog.chain.link/what-is-oracle-computation/
POCOLAND Integrates Chainlink to Help Secure Its NFT Marketplace & Randomize In-Game Breeding
"We're excited to announce that POCOLAND, our NFT-based play-to-earn game, has integrated Chainlink Price Feeds and Chainlink VRF on Binance Smart Chain mainnet. By integrating the industry-leading decentralized oracle network, POCOLAND has access to high-quality, tamper-proof market data needed to get the real-time price of BUSD and BNB for the NFT Marketplace. Now, users can securely purchase characters, equipment, and other items using BUSD and BNB as their collateral, with each transaction backed by highly accurate and reliable conversion rates. Chainlink VRF provides randomness to POCOLAND's in-game breeding mechanism, helping to ensure that each user has a fair chance to mint the rarest Pocos."
https://finance.yahoo.com/news/pocoland-integrates-chainlink-help-secure-092400221.html
ASSEMBLE Protocol is a blockchain-based global point integration platform.
The basic idea behind the ASSEMBLE Protocol is to provide its users an unrestricted opportunity to use their points, similarly as they use cash, anywhere in the world without any time or place constraints. And to enable point providers and ASSEMBLE partners a pool of opportunities to further expand their businesses and an access to a rich pool of users.
Official Website:
https://www.assembleprotocol.io
Solana Gaming Platform MonkeyBall Raises $3m from Crypto’s Finest
"Play-to-earn gaming platform MonkeyBall has confirmed the conclusion of its recent funding round, during which it managed to raise over $3 million from a slew of venture and angel investors.
Participants in the round include an assortment of high-profile firms such asSolana Capital,Republic,NFX,iAngels,Longhash,CMS, Jump Capital,Youbi,Morningstar Ventures,Banter Capital,Ascentive Assets,MarketAcross,Node Capital, ZBS Capital, Metaversal,Collider,BFF and6th Man Ventures.
Oren Langberg, the platform’s Head of Marketing, enthused:
“We are truly excited to unveil this amazing roster of investors who are supporting MonkeyBall. Play-to-earn is an exciting and quickly growing application for blockchain and NFTs, but it’s not easy to find games with great production quality. The first play-to-earn game to truly become mainstream is still in the future, and we are hard at work to realize that future for MonkeyBall.”
https://www.coinspeaker.com/solana-gaming-platform-monkeyball-raises-3m-from-cryptos-finest/
Top Crypto Trader Says Ethereum Rival Solana Will Outshine Both Bitcoin and ETH – Here’s His Target
"A leading crypto trader and analyst says an Ethereum (ETH) competitor appears ready to surge by more than four times its current levels.
The trader pseudonymously named Smart Contracter tells his 174,900 Twitter followers that Solana (SOL) will outshine both ETH and Bitcoin (BTC).
His target price is now $900– an appreciation of more than 360% from SOL’s current value."
https://dailyhodl.com/2021/10/22/top-crypto-trader-says-ethereum-rival-solana-will-outshine-both-bitcoin-and-eth-heres-his-target/
Which is better Ethereum or Solana?
"Solana is currently one of the fastest programmable blockchains in the world. It can process more than 50,000 transactions per second (TPS). The developers say the transaction speed can reach 700,000 TPS as the network grows. This is far better than Ethereum, which currently processes between 15 to 45 TPS.
Solana fees are $0.00025 per transaction, but they fluctuate over time. The fees are set by the competition for block-space, which increases when the traffic on the blockchain increases. Compared to Ethereum, Solana has 60 thousand times lower fees.
"
Etherium is $4137
Solana is $204
In time, as crypto investors become wiser, these will reverse.
Associated Press Taps Chainlink for Elections, Sports Data
"As well as providing race call data on the 2021 U.S. state elections, AP will begin adding macroeconomic and sports feeds to the blockchain.
The Associated Press (AP), the 175-year-old news agency, will provide economic, sports and elections data to Chainlink, a system that provides information feeds to blockchains and triggers digital contracts to carry out transactions.
The partnership, announced Thursday, is another example of an iconic, mainstream brand embracing blockchain technology, while also showing Chainlink’s plans to expand the reach of decentralized finance (DeFi) into new areas."
https://www.coindesk.com/business/2021/10/21/associated-press-taps-chainlink-for-elections-sports-data/
Solana-Based DeFi Protocol Synchrony Raises $4.2M for Composable Indices
"The funding, led by by Sanctor Capital, Wintermute Trading and GBV Capital, will also go toward its marketing operations."
"Synchrony, an on-chain asset management protocol built on the Solana blockchain, has raised $4.2 million in strategic funding to further the development of its decentralized finance (DeFi) configurable indices."
https://www.coindesk.com/business/2021/10/21/solana-based-defi-protocol-synchrony-raises-42m-for-composable-indices/
Ethereum, BSC & Solana: Who Will Win the Race to Conquer the NFT Market?
"This year, non-fungible tokens (NFTs) have taken the crypto market by storm. According to DappRadar’s NFT Collectibles October Edition report, the NFT sector generated nearly $11 billion in trading volume in Q3 2021, representing an over 700% surge from Q2.
This hardly comes as a surprise. Non-fungible tokens can represent any digital object, from artwork and collectibles to music, in-game items, and even personal data, and be easily authenticated via the distributed ledger, offering proof of ownership for their holders. This is the reason why the market is blooming with NFT platforms, marketplaces, protocols, and solutions, while retail investors, celebrities, artists, athletes, and businesses have dabbled into the exciting world of NFTs to harness its benefits.
However, in the heart of any decentralized product lies its core technology. It determines its overall stability, capabilities, and the quality of the user experience. In the case of digital assets, this is their underlying blockchain – and today we will compare the best blockchains for non-fungible tokens.
Ethereum: Largest and Highly Decentralized
Ethereum features one of the largest ecosystems and user bases among all DLT networks. It is highly decentralized, with nearly 4,000 full nodes validating the blockchain and an excellent history of resilience against internal and external threats.
With Ethereum, developers get access to numerous tools, artists get a chance to showcase their art to a big market of potential buyers, and investors get plenty of NFTs to choose from. Today, this blockchain hosts most collections, marketplaces, and dApps powered by NFTs.
However, the blockchain has its downsides, which center around limited scalability. Its ability to process only around 15 transactions per second (TPS) combined with massive user activity has led to heavy network congestion. As a result, transaction fees have been rising on Ethereum, with the average transfer costing $14.96 as of October 8, 2021. While Ethereum developers are actively working on upgrading the blockchain’s scalability with ETH 2.0, it will take many months until we see big improvements.
Binance Smart Chain: Going Low-Fee
Even though Ethereum excels in security, decentralization, and ecosystem activity, Binance Smart Chain (BSC) has managed to take advantage of its competitor’s limited scalability to gain traction. As BSC has the scalability of approximately 100 TPS, it features significantly lower transaction fees than Ethereum.
According to BscScan, a standard transfer costs $0.053, but users have to pay $0.137 and $0.423 for BEP-20 and smart contract transactions, respectively. In addition to improved scalability and lower fees, Binance Smart Chain has 3-second block times – compared to 15 seconds on Ethereum –, and features decent security.
On the flip side, decentralization is among Binance Smart Chain’s top weaknesses. In addition to being managed by Binance (which also operates the bridge between BSC and Ethereum), it only has 21 validator nodes, making it a highly centralized chain. Its thriving ecosystem has become a worthy competitor of Ethereum’s – however, what BSC lacks is decent NFT-related activity.
Solana: Young, Scalable & Secure
Solana is a rather new player in the NFT space. This highly scalable and high-speed blockchain – over 65,000 TPS and 0.4-second transaction latency – gained traction only a few months ago, but its non-fungible token industry is developing fast. According to its website, its ecosystem consists of over 120 NFT projects (out of a total of 423).
Due to its excellent scalability, the average transaction costs $0.00025 on Solana, which is by far the lowest among the three chains. It doesn’t have as many validators as Ethereum: over 1,000 nodes are responsible for validating blocks within its network. This allows Solana to maintain a high level of decentralization with limited risks of validators teaming up to gain control over the network.
Solana doesn’t sacrifice security to achieve high scalability and decentralization. Instead, the project has introduced multiple innovative features and functionalities – such as the cryptographic clock Proof of History (PoH), the mempool-less transaction forwarding protocol Gulf Stream, and the Turbine block-propagation protocol.
Summary: What Blockchain Meets Your Goals?
To sum up, all the blockchains we have explored serve as good options for NFT market participants. If you are OK with higher gas fees and limited scalability, you can leverage Ethereum to access the most popular NFT marketplaces and dApps. In case you want to cut your transaction costs and don’t mind increased centralization, Binance Smart Chain can be a good choice.
However, I believe Solana is the clear winner among the three. Even as a relatively new blockchain that only gained traction recently, Solana excels at all three important qualities of blockchains: cutting-edge security, a highly decentralized network, and excellent scalability.
https://www.fxempire.com/forecasts/article/ethereum-bsc-solana-who-will-win-the-race-to-conquer-the-nft-market-790465
Live Solana stats at time of post:
https://explorer.solana.com/
Chainlink price to explode by 55% as VRF receives another integration
Fireworks Games integrates Chainlink VRF
"Chainlink has been the go-to oracle in the cryptocurrency ecosystem and its subsets. With a majority of the applications and platforms connected to the oracles, LINK seems to be the glue holding the space together.
In a recent announcement, Firework Games: Spark Era Trilogy revealed that it integrated Chainlink’s Verifiable Random Function (VRF) on the Polygon mainnet. The tamper-proof and auditable source of randomness is needed to empower the loot box system and all in-game mechanics that require randomness.
Since Chainlink features are transparent, it allows a good gaming experience and a fair “Play-to-Earn” gaming environment.
The CEO of Firework Games stated,
I believe that Chainlink is one of the most famous projects in the crypto space. By using Chainlink VRF, our players will have more confidence in terms of fair gameplay and help our community grow exponentially."
https://www.fxstreet.com/cryptocurrencies/news/chainlink-price-to-explode-by-55-as-vrf-receives-another-integration-202110180500
Solana hackathon winner Nova Finance raises $3 million to bring programmable assets to DeFi
"Edinburgh, Scotland — Nova Finance, a Solana-based decentralized finance (DeFi) protocol, has announced the completion of a $3 million funding round with participation from Rarestone Capital, Solana Capital, Sky Vision Capital, Animoca Brands, Morningstar Ventures, Lian Group, 3Commas, DFG, Spark Digital Capital, Jsquare, Genblock Capital, Mirana, Stacker Ventures, Ascendex, Solanium, Citizen X and others.
Nova is a programmable asset framework that allows people to access DeFi without having to learn complex financial management skills. With the product, users can create a portfolio of assets to automatically generate returns through yield strategies, all while executing investment strategies such as dollar-cost averaging, take-profit calls and much more.
This new type of synthetic asset allows cryptocurrency experts to program assets to follow complex investment strategies and create portfolios in which less experienced users can follow and invest."
https://cointelegraph.com/press-releases/solana-hackathon-winner-nova-finance-raises-3-million-to-bring-programmable-assets-to-defi
FTX.US expands NFT marketplace to support Solana tokens
"FTX.US’s nonfungible token (NFT) marketplace has expanded support to the Solana blockchain, enabling users to trade, deposit and withdraw NFTs that conform to the Metaplex token standard."
"Brett Harrison, president of FTX.US, said that the firm is looking to provide “simpler, safer and easier tools” for mainstream users to trade NFTs via its marketplace, adding:
“'The NFT ecosystem has started to infiltrate pop culture, but has been lacking a platform that provides easy access and exposure to the mainstream audience.'”
https://cointelegraph.com/news/ftx-us-expands-nft-marketplace-to-support-solana-tokens
DeFi picks up the pace as alternate blockchains and NFTs boom
"On the back of the incredible crypto market recovery and the boom in NFT markets, the DeFi market has grown 18% in October.
As September ended, the cryptocurrency markets recovered from the so-called “September curse” handsomely to hit a market capitalization of $2.32 trillion. The decentralized finance (DeFi) market has been an integral part of this growth. The total value locked (TVL) in DeFi protocols grew more than 20%, from $113.5 billion on Sept. 28 to hit $137 billion on Oct. 6, as per data from Dappradar."
Much more here:
https://cointelegraph.com/news/defi-picks-up-the-pace-as-alternate-blockchains-and-nfts-boom
Indian TikTok challenger raises $19M to launch social token on Solana
"Indian short-video sharing platform Chingari is preparing to launch its own blockchain network and social token.
Chingari has completed a $19-million funding round to launch its mainnet and conduct a token sale for its Solana-based GARI token in November, the firm announced on Friday."
"Since India banned TikTok earlier this year, a number of firms — including Chingari — have tried to fill the void for short video-sharing apps in the subcontinent. Following the ban, Chingari claims that its user base grew from 100,000 to 50 million people in six months".
https://cointelegraph.com/news/indian-tiktok-challenger-raises-19m-to-launch-social-token-on-solana
By combining on-chain code with secure off-chain services, #Chainlink oracle networks enable “hybrid smart contracts,” an innovative architecture that helps power #DeFi protocols, on-chain insurance products, enterprise #blockchain integrations, and more.
By combining on-chain code with secure off-chain services, #Chainlink oracle networks enable “hybrid smart contracts,” an innovative architecture that helps power #DeFi protocols, on-chain insurance products, enterprise #blockchain integrations, and more.
— Chainlink (@chainlink) October 10, 2021
Solana-built decentralized exchange uses AI to make trading more accessible
"With the help of artificial intelligence, one DeFi protocol is eliminating the barriers to trading.
Solana-built decentralized exchange uses AI to make trading more accessible.
Decentralized exchanges (DEXs) empower users by getting cryptocurrency assets into the hands of more people.
One platform is attempting to make the trading of crypto more accessible and straightforward with the use of artificial intelligence. Currently, new users must learn about markets and the assets they want to trade, adding to the barriers of getting started.
The decentralized exchange, Soldex, is eliminating these barriers by giving traders the capabilities to use AI-powered trading algorithms developed by users."
https://cointelegraph.com/news/solana-built-decentralized-exchange-uses-ai-to-make-trading-more-accessible
Analysts claim Solana is the “Netflix” of crypto as SOL rises toward $1,300
"o Experts believe that Solana's interoperability is higher than Algorand's, making it a superior blockchain network.
o Kyle Samani recently explained how Solana scales through parallelism, making it the "Netflix" of cryptocurrencies.
o Analysts have set a price target of $1300 for SOL, predicting a further upward climb in SOL."
https://www.fxstreet.com/cryptocurrencies/news/analysts-claim-solana-is-the-netflix-of-crypto-as-sol-rises-toward-1-300-202110081629
Windows 11 kills easy path for changing your default browser — Brave and Firefox fight back
"Brave's v1.30.86 update addresses Microsoft's Edge interception scheme by using EdgeDeflector-influenced code. Firefox may do the same with an upcoming update."
https://www.laptopmag.com/news/windows-11-kills-easy-path-for-changing-your-default-browser-brave-and-firefox-fight-back
China’s Cryptocurrency Ban Didn’t Halt Asia As Crypto Transaction In The Continent Grows By 706%
"China has banned cryptocurrency activities in the country, but Asia’s powerhouse negative outlook hasn’t slowed down the rate of crypto adoption in the continent.
Asia’s Cryptocurrency Transaction Surge By 706%
A new report by blockchain analytics firm Chainalysis has revealed that cryptocurrency transaction in Asia has grown by 706% over the past year. The report highlights the growing demand for cryptocurrencies in Asia despite China’s latest ban on cryptocurrencies."
https://finance.yahoo.com/news/china-cryptocurrency-ban-didn-t-095712061.html
China’s Cryptocurrency Ban Didn’t Halt Asia As Crypto Transaction In The Continent Grows By 706%
"China has banned cryptocurrency activities in the country, but Asia’s powerhouse negative outlook hasn’t slowed down the rate of crypto adoption in the continent.
Asia’s Cryptocurrency Transaction Surge By 706%
A new report by blockchain analytics firm Chainalysis has revealed that cryptocurrency transaction in Asia has grown by 706% over the past year. The report highlights the growing demand for cryptocurrencies in Asia despite China’s latest ban on cryptocurrencies."
https://finance.yahoo.com/news/china-cryptocurrency-ban-didn-t-095712061.html
Ethereum falls behind Solana and Cardano as investors explore alternative blockchains
o "Despite gaining over 800 percent over the past year, Ethereum is beginning to lose its domination position to alternative blockchains.
o Investors are now exploring other blockchains like Solana which has also proved to be a fast-developing network."
https://www.crypto-news-flash.com/ethereum-falls-behind-solana-and-cardano-as-investors-explore-alternative-blockchains/
Crypto asset manager Grayscale has added altcoins solana and uniswap to one of its funds
https://news.yahoo.com/crypto-asset-manager-grayscale-added-095447162.html?fr=yhssrp_catchall
Ethereum losing Steam To Solana, Cardano, Polygon
"... particularly troublesome time for Ethereum and is causing concern for investors and developers.
High transaction fees and slow network speed continue to be a problem. Despite the London upgrade from August, it has had little impact on volatility of transaction fees.
In the meantime, rival blockchains deemed “ethereum killers” are exploiting ethereum’s weaknesses."
https://finance.yahoo.com/news/ethereum-losing-steam-solana-cardano-044353270.html
Can Chainlink’s next NFT gamble change the game for stablecoins
"The hype of NFTs has led to the involvement of major alts like Ethereum and Solana. However, a lot of DeFi projects have one project in common – Chainlink. Thanks to its oracles, it provides real-time data to the smart contracts that make trading of these NFTs easier."
https://ambcrypto.com/can-chainlinks-next-nft-gamble-change-the-game-for-stablecoins/
Grayscale Adds Solana to $494M Digital Large Cap Fund
"o The company, a subsidiary of CoinDesk parent Digital Currency Group, said in a statement that its $494 million Digital Large Cap Fund closed Friday with a 3.24% SOL position.
o It “is the first time Solana (SOL) will be included in a Grayscale investment vehicle,” the statement said. It called the move part of a quarterly rebalancing.
o SOL is now the fourth-largest holding of a fund dominated by bitcoin. It gave back some gains late Friday but remained near session highs – a tick south of $160."
https://www.coindesk.com/business/2021/10/01/grayscale-adds-solana-to-494m-digital-large-cap-fund/
In case you hadn't heard:
Brave Introduces Brave Today, the Privacy-Preserving News Reader Integrated Into the Browser
https://brave.com/announcing-brave-today/
Wow, good news thistraderknowsall....
Here's a 1 min. video on the new brave video conferencing (free BTW):
https://youtu.be/l0aWoHApbs0[/url][tag]insert-text-here