Crypto News

Along with the rest of the cryptocurrency market and more traditional risk assets like stocks, the value of Dogecoin (DOGE), the cryptocurrency that supports the decentralized dog meme–inspired payments blockchain protocol Dogecoin, fell by more than 3.5 percent on Monday. The last time I checked, one dogecoin cost somewhere around $0.008.

That means the most popular meme coin in the world has lost almost 8% of its value since reaching a six-week high of around $0.09 this past weekend. However, the DOGE bulls are not wavering in their optimism. Short-term technicals (a rising wedge pattern) suggest the cryptocurrency will continue to creep higher in the next sessions, where it is now trading up by approximately 23% this month.

Assuming no negative ructions are triggered by this week’s slew of macro risk events, which includes very important Fed, ECB, and BoE meetings as well as US jobs and ISM survey data. Dogecoin might make a run toward its early December highs to the north of $0.11 if it were to break out to the north of its current highs around $0.09.

Dogecoin is Roaring, but These Three Other Coins Are Worth Keeping an Eye On

Given that Dogecoin was first conceived as a joke, its recent price increase is indicative of a resurgence in risk appetite within the wider cryptocurrency market. If Dogecoin is on the rise, it’s likely because traders are getting back into the cryptocurrency market for the sake of speculation. Consider the price changes of a few other cryptocurrencies: Solana (up 140% in the last 30 days) and Aptos (up 410% in the same time frame) to see that this is the case.

However, tokens that are not yet trading on exchanges should also be considered by investors hoping to profit from a renewed desire for the risk associated with cryptocurrencies. In addition, they should consider buying tokens during the presale phase, as investors who buy in at this stage of a project’s lifecycle typically get the highest gains.

In the event that Dogecoin maintains its recent momentum, analysts at Cryptonews.com have created a list of three of the greatest pre-sale tokens to consider investing in.

In Progress: Stage 4 of the Meta Masters’ Guild (MEMAG)

The Meta Masters Guild is a promising web3 gaming environment that is creating a wide variety of exciting and engaging mobile games. Non-fungible tokens (NFTs) will be used in the games, allowing players to not only bet and trade but also earn incentives. Future plans for the site include hosting dozens more viral games. Meta Karts Racers is scheduled for release later this year.

The MEMAG token presale by Meta Masters Guild is already one of the most popular of 2023, and it is currently in its fourth stage. The crypto startup has raised an impressive $2.1 million in just a few weeks, thanks to the sales of MEMAG. Before the token price increases again in four days, investors should act quickly to secure their holdings.

Battle Royale (FGHT) – Now Accepting Pre-Orders

Early success stories like STEPN have severe constraints that have kept them from reaching the mainstream, despite the fact that the relatively new move-to-earn crypto niche has showed a lot of promise. In 2023, Fight Out plans to alter this with their “move to earn” system.

Fight Out is a revolutionary fitness metaverse that combines a web3 app with a network of gyms to reward users for working out, completing challenges, and competing against one another. Unlike other M2E apps like STEPN, which simply tracks steps and requires pricey non-fungible token (NFT) buy-ins to participate, Fight Out offers a more comprehensive approach to tracking and paying its users for exercise and activity without requiring any costly buy-ins.

The goal of Fight Out is to merge the real and virtual worlds of the internet. The ultimate goal of the project is to promote an integrated web3 exercise experience by purchasing gyms in all of the world’s major cities. Meanwhile, the whitepaper for Fight Out states that its smartphone application would serve as the hub of its digital ecosystem when it launches in the second quarter of 2023.

The Fight Out app will utilize mobile and wearable devices to record and analyze training and competition data. Users will be able to mint their own soul-bound token avatar and participate in the Fight Out metaverse by earning rewards for doing M2E tasks within the app’s internal tokenized economy.

For the Fight Out metaverse to function, the FGHT token is essential. Memberships to Fight Out gyms and digital products can be purchased at a discount using FGHT. Users will use FGHT as the entry fee for competitions and leagues, and winners will be awarded FGHT as the prize. FGHT can also be utilized in peer-to-peer fitness wagers.

FGHT is scheduled to list across centralized exchanges in April at $0.033 per token. When the crypto token finally lists on exchanges at the beginning of Q2, investors who acted quickly to acquire tokens might sit on paper gains of around 100%. The project has already raised a massive $3.6 million and may well hit the $15 million hard cap prior to the scheduled end of the presale at the end of March. In less than 12 hours, the price of FGHT tokens is expected to increase again, therefore investors should act swiftly.

Currently Accepting Pre-Orders for “C+Charge” (CCHG) Tokens

By 2027, the carbon credit market might be worth $2.4 trillion. C+Charge, a cryptocurrency startup, is working to expand participation in these programs so that more people may benefit from them. To help electric vehicle (EV) drivers get paid for their carbon reduction efforts, C+Charge is developing a blockchain-based Peer-to-Peer (P2P) payment system for EV charging stations.

The goal of C+Charge is to increase the value of carbon credits as an important incentive for the widespread use of EVs. Big electric vehicle producers like Tesla currently make millions by selling carbon credits to polluters. C+Charge’s goal is to increase the distribution of carbon credits to EV owners rather than large corporations.

The CCHG token, which will be used on the C+Charge network to pay at EV charging stations, has officially entered pre-sale. The present token price is $0.013, but by the end of the presale it will have increased by 80%. With almost $460,000 raised in just a few weeks following the presale launch, investors interested in getting in on the ground floor of a promising environmentally friendly cryptocurrency initiative should act quickly.

Investors should be aware that the remaining tokens may be purchased rapidly. You can see on BscScan that a crypto whale has bought almost $99 worth of CCHG in a single transaction.

By concentrating on its developer community, Kalima Blockchain is offering a Developer Airdrop to quicken the already rapid expansion of its ecosystem. For a chance to get prizes in Kalima’s native token, the KLX, participants will be required to develop useful decentralized applications (dApps) housed on the Kalima Blockchain.

400 million KLX, or €100 000, are included in the developer reward token pool for the developer airdrop. On the basis of the accomplishments of the top five (5) competitors, the tokens will be distributed proportionately.

• 1st place : €35 000 KLX
• 2nd place : €25 000 KLX
• 3rd place : €20 000 KLX
• 4th place : €10 000 KLX
• 5th place : €10 000 KLX

Participants must first complete the registration form, which is accessible on the Kalima website at www.kalima.io, in order to take part in the Kalima developer Airdrop. They will then get through email all of the directions and procedures to follow in order to take part in the competition.

This article on Kalima’s Medium page outlines all the procedures for taking part in the airdrop. The competition will be updated on Kalima’s social media pages and through its communication channels, so it’s critical to follow Kalima online and stay on top of the news.

This occurs as Kalima gears up for the February 2nd 2023 debut of its native token, the KLX, on the BitMart Exchange.

Being a part of the first Kalima Developer Airdrop

The total prize pool justifies participation. Even while the winner has a great incentive, those who place near to them will also receive just compensation for their efforts. To be eligible to win, developers must create software programs and decentralized applications (dApps) on the Kalima blockchain and assess their usability.

These protocols have to be in line with the Developer Airdrop’s overarching objectives. By leveraging Kalima as the second layer for Tezos or the Lightning Network, developers will be able to create embedded blockchain projects or multichain projects. Builders may, for instance, design clever indoor air quality reward programs or programs that support sustainable activities like carbon measurement, tracking, and certification.

The following subjects are available for participants to base their projects on:

• Embedded blockchain project
• Multichain using Kalima as second layer for Tezos or Lightning Network
• Gaming
• Micro Payments
• Smart rewarding systems (e.g., Indoor air quality Smart Rewarding)
• Auditable Data (i.e., carbon tracking)
• Physical NFTs

The Kalima Blockchain Community is being built

In the competition to become the best Blockchain for IoT (BIoT) network, Kalima offers unrivaled versatility and independence as a low-cost, fast, and scalable challenger to other Enterprise Blockchain projects. Its high degree of composability is an advantage to both novice and experienced developers, as the Kalima API is available in a variety of programming languages.

Building dApps and on the ecosystem will be a natural process, backed by the Kalima foundation, whether it is for enterprises as a whole or for builders desiring to benefit from the Kalima Network. For businesses embracing Kalima Blockchain, the company offers a close support system with one of the fastest industry-leading programs for program formation.

In addition, starting with the first Kalima Developer Airdrop, the Kalima foundation will hold a number of hackathons and developer airdrops over the years to help developers hone their abilities. These may occur online or offline in one of the three zones that Kalima serves: Europe, the United States, and the United Arab Emirates.

In addition, Kalima has set aside a sizeable quantity of tokens for its upcoming developer grant program, which will pay in-house and outside developers generously for using the Kalima Network and building dApps on it for either their own applications or for other people. This initiative will begin seven years after Kalima is listed on the Bitmart Exchange on February 2nd, 2023.

Last but not least, the Kalima foundation will offer rewards to the first 1000 owners of PrivaChains over the course of ten rounds, in order to encourage their deployment in the early stages. For this incentive scheme, about 20 billion KLX have been set aside. The rewards are set in descending order, so the first 10 owners will earn more than the owners after them, and so on.

About Kalima

The fast growing ecosystem of Kalima, a layer 1 third-generation blockchain, will allow businesses, developers, and startups to create the Web3 Enterprise and Data Governance apps of the future, specifically using IoT (Internet of Things) data to address real-world issues.

Using Kalima’s decentralized network of permissioned blockchains (PrivaChains), users can autonomously regulate, administer, and monetize data as well as create tokens for smart-rewarding systems.

Developers can build decentralized applications (dApps) that are hosted on PrivaChains using the modular Kalima idea. With the aim of establishing new business models or enhancing existing ones, Kalima was created for the development of decentralized apps (dApps), spanning from data notarization to decentralized finance (DeFi), tokenization (NFTs), data monetization, and industrial IoT applications (Digital Twins, Predictive Maintenance, Smart Infrastructure, and so on).

The blockchain technology used by Kalima is designed to manage very high volumes of sensitive data that are generated by businesses that collect data using IoT sensors and analyze that data in real-time. Kalima’s industrial adoption will increase as a result of the PrivaChains’ ability to connect to other well-known public chains, like Tezos, Lightning, Polygon, and Cosmos hubs.

The hash rate of Bitcoin recently reached a new record high, according to the Bitcoin mining data monitoring website MiningPoolStats. The network reportedly hit the milestone of processing 300 Exahashes per second (300 EH/s), or 300 quintillion (300,000,000,000,000,000,000) hashes per second.

The hash rate of a bitcoin is used as a proxy for the processing power that the network’s army of miners devotes to maintaining its security. Growing network adoption and increased network security are both seen as indicators of an increasing hash rate.

The accomplishment was independently verified by the bitcoin mining business Braiins. “The estimated total network hash rate based on API-reported hash rate values for all mining pools and estimated hash rate values based on blocks identified for miners and pools who are not reporting their real-time hash rate,” is how they defined the real-time network hash rate.

In response, one Twitter user cautioned against giving the “daily hash rate” too much weight because statistically speaking, it isn’t a genuine depiction of hash rate. They advised, “I would always look at the 7 day hash rate or at LEAST the 3 day.” They said, “Still, it’s great,” alluding to the hash rate breaking a previous record.

A rising hash rate is good news for all Bitcoin owners, even though it isn’t typically considered a sign that the cryptocurrency is about to enter a bull market because it shows that the network is getting stronger despite 2022’s devastating price decline.

Other websites gave slightly lower hash rate estimates for the Bitcoin network. Earlier this week, Blockchain.com assessed the network’s hash rate to be about 274 EH/s, whereas the most recent estimate from BTC.com was 283.38 EH/s.

As Mining Difficulty Increases

As the Bitcoin network’s computational power soars, mining difficulty is expected to increase. In less than a day, the next challenging adjustment will take place, increasing the difficulty of effectively mining a block by 3.7% to a new high of 38.99 trillion.

Rising mining difficulty is a sign that miners are in more intense competition than ever to find blocks as a result of Bitcoin’s recent recovery from its lows last year in the $15,500 to current levels around $23,000.

According to on-chain data reported by cryptocurrency analytics company Glassnode, BTC flows from bitcoin miners to exchanges recently hit a fresh three year low. This might be interpreted as a sign that miners are less keen to sell their BTC and a possible indication of confidence that the most recent uptick in the price of Bitcoin is the beginning of a longer-term recovery to levels last attained in early 2022.

In fact, a growing confluence of technical and on-chain indicators as well as an apparent easing macro backdrop as financial conditions ease on declining US inflation/stuttering growth suggest that last year’s dip below $16,000 may have ultimately been the bottom for the next market cycle for Bitcoin.

In light of reports that the United States is considering a security assessment of Elon Musk’s proposed $44 billion takeover of Twitter, Changpeng Zhao (CZ), CEO of the world’s largest crypto exchange, has indicated that he may support Musk’s bid. During Tuesday’s Future Investment Initiative conference in Riyadh, Saudi Arabia, CZ was asked if he plans to fulfill his financial commitment to Elon Musk. He responded, “I suppose so.”

Binance, the cryptocurrency exchange, has reportedly stated that it will invest $500 million in Musk’s Twitter acquisition. The official announcement from CZ stated, “We are pleased to assist Elon fulfill his new vision for Twitter.”

Binance’s Changpeng Zhao said, “We expect to be able to play a part in bringing social media and web3 together and extending the use and adoption of crypto and blockchain technologies.”

A judge in Delaware set the deadline for Musk and Twitter to finalize the deal to October 28. When the two sides were in the midst of a heated litigation process leading up to trial on October 17, the judge issued his verdict. Musk had previously stated on Twitter that he intends to proceed with concluding the deal at the originally agreed-upon price.

In the middle of April, Musk announced his plan to acquire Twitter for $54.20 per share. The billionaire tried to get out of the agreement after the Twitter board approved it, claiming that bots were a security risk.

Musk is using both loan and stock funding to fund the acquisition. To help finance the purchase, the billionaire has also sold billions of dollars’ worth of Tesla stock.

Biden’s administration might be obligated to uphold the agreement

Bloomberg reported last week that as the deal’s closing date draws near, Biden administration officials are debating whether to submit some of Musk’s projects, including the planned buyout of Twitter, to national security reviews.

As Bloomberg reports, US officials are worried about Musk’s recent threat to stop supplying the Starlink satellite service to Ukraine because of “what they see as his increasingly Russia-friendly stance following a series of tweets that outlined peace proposals favorable to President Vladimir Putin.”

According to the article, Washington is worried that Musk and his group of “foreign investors,” which could include Saudi Prince Alwaleed bin Talal, the cryptocurrency exchange Binance, and Qatar’s sovereign wealth fund, will try to purchase the social media site.

With a forthcoming endeavor involving digital assets, Amazon apparently intends to dabble with NFTs and Web3 games. According to Blockworks, the world’s largest retailer plans to start a “digital assets enterprise” centered on non-fungible tokens and Web3 games this spring, citing four anonymous sources acquainted with Amazon’s plans. A Crypto NFT Market Entry by Amazon’s Gaming Initiative.

According to the article, Amazon’s program is still in its early phases, and the company plans to make an official announcement in April. Furthermore, the e-commerce behemoth has lined up more than a dozen project partners, including layer-1 blockchains, blockchain-based gaming businesses and developers, and digital asset exchanges.

“One example in the works, according to one source: persuading Amazon customers to play crypto games and collect free NFTs in the process,” the article stated, adding that Amazon executives in charge of the program have recently reached out to at least one family office. They were also rumored to be planning an NFT drop with an artist.

It’s worth mentioning that Amazon has been posting jobs for Web3 developers and engineers since 2021. Back then, the company advertised for a “Digital Currency and Blockchain Product Lead” with extensive knowledge of the digital, cryptocurrency environment.

Hopeful about the future of the Crypto NFT Market

Amazon CEO Andy Jassy told CNBC in April of last year that he is hopeful about the future of the Crypto NFT Market. At the time, he stated that the e-commerce giant was not considering accepting cryptocurrency payments, but that he “believes that over time, you’ll see crypto become bigger.”

“You know, I expect that NFTs will continue to develop quite rapidly,” Jassy said, adding that he might see Amazon selling NFTs in the future.

Recently, it was reported that Amazon, through AWS, has entered into a “cooperation” with Ava Labs in order to accelerate the adoption of blockchain technology across numerous businesses. To support Avalanche’s infrastructure and decentralized applications (DApps) ecosystem, AWS plans to offer one-click node deployments.

Aside from Amazon, several other prominent mainstream corporations have declared ambitions to grow into both NFTs and other cryptocurrencies in the last year.

A patent application in November disclosed Sony’s concept for a system that could trace the creation, use, and transfer of digital assets made within a game. A system for “generating, altering, tracking, authenticating, and/or transmitting unique digital assets” linked with video games is described in the patent.

Furthermore, with three new trademarks filed in December of last year, investing behemoth Fidelity hinted at an intention to expand further into cryptocurrencies and Web3. The filings are heavily focused on NFTs and virtual worlds such as the Metaverse.