Schottz Tech: 2024

segunda-feira, 8 de abril de 2024

SHIB Price Prediction for April 3

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Sellers remain more powerful than buyers, according to CoinStats.

The rate of SHIB has increased by 0.17% over the last 24 hours.

On the hourly chart, the price of SHIB is looking bullish as it is trading near the local resistance level of $0.00002727. If bulls can hold the initiative until the end of the day, a breakout is likely to happen to the $0.000028 zone.

On the bigger time frame, the rate of SHIB has made a false breakout of yesterday's bar low at $0.00002570. If the candle closes far from that mark, the bounce back may lead to the test of $0.000030 shortly.

BTC, ETH and XRP Price Prediction for April 1

However, if the bar closes near that mark or even below it, the accumulated energy might be enough for a move to the nearest support level of $0.00002380.

From the midterm point of view, the picture looks different. One should pay attention to the weekly bar closure in terms of the last candle low at $0.00002745. If it happens below it, the correction is likely to continue to the $0.000025 zone.

SHIB is trading at $0.00002702 at press time.

With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis. Mainly, he has started his blog on TradingView where publishes all relevant information and makes predictions about top coins.
Thus, his experience is backed up by working in top blockchain related companies such as W12, Platinum Listing, ATB Coin, and others, can be contacted at denys.serhiichuk@u.today.

DOGE Price Prediction for April 2

The decline continues on the cryptocurrency market, according to CoinMarkeCap.

DOGE is the biggest loser today out of the top 10 coins, falling by more than 10%.

On the hourly chart, the price of DOGE might have found a local support level at $0.18. However, one should wait until the daily bar closes.

BTC, ETH and XRP Price Prediction for April 1

If the price remains in the same place, one can expect a breakout, followed by a move to the $0.1750 zone.

On the larger time frame, the price of DOGE keeps falling after yesterday's bearish close. If the situation does not change by the end of the day, traders may witness a test of the $0.16-$0.17 area within the next few days.

On the daily chart against BTC, one should focus on the nearest level of 0.00000282. If its false breakout happens, one can expect a local rise to the 0.00000290 mark.

DOGE is trading at $0.1840 at press time.

DOGE Price Prediction for April 5

The bounce back has not lasted long, according to CoinStats.

The price of DOGE has declined by 3.13% since yesterday.

On the hourly chart, the rate of DOGE has made a false brekaout of the local support of $0.1685. However, the price is far from the resistance.

XRP Price Prediction for April 4

As most of the daliy ATR has been passed, sideways trading in the area of $0.17-$0.175 is the more likely scenario until tomorrow.

On the daily time frame, the situation is similar as the rate is near the support of $0.17. If nothing changes by the end of the day, the accumulated energy might be enough for a breakout, followed by a move to the $0.16 area.

A bearish picture can be seen on the weekly chart. If the bar closes below the previous candle low, the drop is likely to continue to $0.15. Such a scenario is relevant until mid-April.

DOGE is trading at $0.1746 at press time.

Dogecoin (DOGE) Comes Closer to Surpassing XRP

The price of Dogecoin (DOGE), the leading meme cryptocurrency, recently spiked by more than 10%, according to data provided by CoinGecko.

The Bitcoin parody peaked at $0.1975 earlier this Sunday, and it is currently changing hands at $0.195.

Dogecoin is (by far) the best-performing cryptocurrency in the top 20, outstripping Shiba Inu (SHIB), its top competitor. In fact, DOGE is the fifth best-performing cryptocurrency in the top 20. Only Ethena (ENA), Fantom (FTM), ORDI (ORDI) and eCash (XEC) are above in terms of 24-hour gains.

Fidelity Exec Shares Surprising Fact About Bitcoin

After the most recent price spike, the top meme coin is now closing in on XRP. The latter is only up a modest 0.9% over the past 24 hours. The two cryptocurrencies are currently valued at $32.8 billion and $28 billion, respectively, according to data provided by CoinGecko.

More than $5 million worth of Dogecoin shorts have been liquidated over the past 24 hours, according to CoinGlass. They account for the vast majority of liquidated positions ($6.42 million).

The meme coin was one of the most traded cryptocurrencies, generating $2.3 billion in 24-hour trading volume.

As reported by U.Today, the Dogecoin price managed to score a monthly close above the pivotal $0.20 level, potentially turning it into support. This could set the stage for a potential surge to $0.30. In 2024, the meme coin has already managed to double its price. Meanwhile, the aggregate value of joke cryptocurrencies has nearly tripled.

That said, Dogecoin's bullish momentum might be fragile. According to recent IntoTheBlock data, Dogecoin is showing mostly negative on-chain signals, with indicates that are based on net network growth and large transactions currently being in the red.

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.

ADA and BNB Price Prediction for April 1

The new month has started bearish for the majority of cryptocurrencies, according to CoinStats.

The rate of Cardano (ADA) has declined by 5.62% over the last 24 hours.

The price of ADA has once again failed to fix above the $0.65 zone, which means that traders are more likely to expect a correction than growth.

Solana (SOL) Price Prediction for March 31

If the daily bar closes around current levels, there is a high chance to see a test of support soon.

ADA is trading at $0.5687 at press time.

Binance Coin (BNB) is not an exception to the rule, going down by 4.16%.

On the daily time frame, the price of BNB has lost the important zone of $600. If buyers cannot get back in the game shortly, the correction may lead to the test of the $550 area by the end of the week.

BNB is trading at $581.6 at press time.

Cardano (ADA) Price Prediction for April 7

Buyers are trying to hold the gained initiative, according to CoinMarketCap.

The rate of Cardano (ADA) has increased by 1.22% since yesterday. Over the last week, the price has fallen by 8.94%.

On the hourly chart, traders should pay attention to the local resistance level of $0.5908. If the daily bar closes above that mark, the growth is likely to continue to the $0.60 zone.

On the bigger time frame, the rate of ADA is approaching the resistance of $0.5950. If the candle closes near it or even above, the accumulated energy might be enough for a test of the $0.60-$0.61 area next week.

A less positive picture is on the weekly chart. At the moment, the price keeps trading near the support level of $0.5680, which is a bearish signal from the midterm point of view.

Bitcoin (BTC) Price Prediction for April 6

If a breakout happens, one can expect a more profound correction to the $0.50 zone.

ADA is trading at $0.5889 at press time.

ADA and BNB Price Prediction for April 8

The rates of most of the coins are rising at the beginning of the week, according to CoinMarketCap.

The rate of Cardano (ADA) has increased by almost 2% over the last 24 hours.

On the daily chart, traders should pay attention to the candle's closure in terms of the level of $0.5967. If it happens above that mark and with no long wick, growth may continue to the $0.62 zone shortly.

ADA is trading at $0.6055 at press time.

Binance Coin (BNB) has gained less than ADA, going up by 0.14% since yesterday.

Unlike ADA, the rate of BNB is not looking so bullish. At the moment, one should focus on the interim zone of $600. If it breaks out, there is a high chance to see a test of the resistance of $620 soon.

BNB is trading at $590 at press time.

XRP Eyes Abnormal Multimillion Activity on Korean Market Amid XRP Price Drama

Whale Alert, a crypto transaction monitoring platform, has detected a substantial movement on the XRP market. Approximately 30 million XRP tokens, valued at around $19 million, were withdrawn from Upbit, South Korea's leading cryptocurrency exchange, which boasts a turnover of $5.5 billion, as reported by CoinMarketCap.

The withdrawal was directed to an undisclosed address labeled "r3ow," known for its history of handling large XRP transactions. Presently, only 978,122 XRP tokens remain at this address, indicating a rapid dispersal to various destinations.

Ripple CEO: SEC to Lose War Against Ethereum

Such significant withdrawals from exchanges often suggest strategic asset management, potentially reflecting bullish sentiment among investors. Conversely, movements toward exchanges typically signify a propensity to sell.

🚨 30,000,000 #XRP (19,009,084 USD) transferred from #Upbit to unknown wallethttps://t.co/3YC9fe1jQv

XRP has climbed to become the fourth-largest trading pair on Upbit, accounting for $415.56 million in turnover when paired with the Korean Won, representing 7.57% of the exchange's total turnover.

Despite recent days witnessing a notable uptick in the XRP price, with gains exceeding 10%, the token's current trajectory suggests a minor setback. The influx of withdrawals has not significantly altered the situation, though it remains stable, especially considering XRP's recent performance amid market volatility.

XRP Suddenly Adds $3 Billion to Market Cap in Just 24 Hours

The surge in trading volume, coupled with the withdrawal from Upbit, underscores growing interest and activity surrounding XRP, amid broader market fluctuations. Investors and observers await further developments as XRP navigates through the complexities of current market dynamics.

Financial analyst, trader and crypto enthusiast.

Gamza graduated with a degree in finance and credit with a specialization in securities and financial derivatives. He then also completed a master's program in banking and asset management.

He wants to have a hand in covering economic and fintech topics, as well as educate more people about cryptocurrencies and blockchain.

XRP Eyes 30% April Increase, If XRP Price History Comes True

As March nears its end, XRP investors are observing with optimism as the cryptocurrency maintains a value of $0.64, marking a nearly 10% increase for the month. With this achievement, attention naturally turns to April, prompting speculation regarding the trajectory of this popular digital asset.

XRP: Extremely Rare Bullish Cross Occurs

Analysis of historical data suggests a potential 30% surge for XRP in April. According to insights derived from CryptoRank, April historically demonstrates a favorable performance for XRP, with an average monthly return of 31%. However, for those inclined toward a more conservative estimate, the median monthly return stands at a noteworthy 2.05% increase.

A retrospective examination of XRP's price history reveals a mixed but predominantly positive outlook. While the last two Aprils witnessed declines in XRP's value, the years 2019, 2020 and 2021 showcased significant gains. Notably, 2021 recorded a notable 174.1% increase in the XRP price during April.

In light of this historical context, XRP finds itself poised for two potential scenarios in the coming month. It could potentially soar to approximately $0.85 per token, or it might experience a more modest uptick to around $0.65 per XRP, indicating stability.

Lead XRPL NFT Creator Explains Why Solana Is Better Than XRP Ledger

While the figures paint a picture of a possible surge to levels not witnessed in two years, it is imperative to bear in mind the inherent unpredictability of the crypto market, where nothing is ever guaranteed.

Financial analyst, trader and crypto enthusiast.

Gamza graduated with a degree in finance and credit with a specialization in securities and financial derivatives. He then also completed a master's program in banking and asset management.

He wants to have a hand in covering economic and fintech topics, as well as educate more people about cryptocurrencies and blockchain.

XRPL Architect Debunks XRP Price Misconceptions

David Schwartz, the chief technology officer (CTO) at Ripple and a key architect of XRP Ledger (XRPL), recently addressed misconceptions surrounding the price dynamics of the popular cryptocurrency XRP. In a social media exchange, Schwartz clarified several points, including the relationship between staking, securities regulations and XRP's utility as a payment asset.

The conversation began with queries regarding the potential classification of staking as a security and its implications for cryptocurrencies like Ethereum (ETH). Schwartz responded by questioning the logic behind such classification, emphasizing that staking itself is not a tradable asset and does not involve transactions typically regulated under securities laws.

Ethereum Receives Hidden Bullish Signal Amid New All-Time High

Another point of discussion was whether XRP's efficiency as a payment asset hinges on its price. Schwartz affirmed that a higher price for an asset with a fixed supply, like XRP, enhances its practicality for payments and intermediation. He dismissed the notion that Ripple desires a lower XRP price for payment utility as "nonsensical."

I did say that the higher the price of an asset with a fixed supply, the more practical it is to use that asset for payments or as an intermediary asset. The argument I was responding to at the time was that Ripple would like to see the price of XRP go down because XRP would be…

Presently, XRP is valued at $0.63, with Ripple reportedly holding over 40.1 billion XRP in escrow accounts.

The Advantages of XRP Ledger

Schwartz's remarks come amid ongoing debates within the community regarding the fundamental drivers of cryptocurrency. With XRP's price and its role in Ripple's ecosystem under scrutiny, Schwartz's explanations aim to provide a clearer understanding of XRP's value proposition and its relevance in the broader crypto landscape.

Financial analyst, trader and crypto enthusiast.

Gamza graduated with a degree in finance and credit with a specialization in securities and financial derivatives. He then also completed a master's program in banking and asset management.

He wants to have a hand in covering economic and fintech topics, as well as educate more people about cryptocurrencies and blockchain.

Ethereum (ETH) Price Prediction for March 28

Bears have failed to hold the initaitive, according to CoinMarketCap.

The rate of Ethereum (ETH) has risen by 1.42% over the last 24 hours.

On the hourly chart, the price of the main altcoin is looking bullish as it is trying to break the local resistance of $3,591. If the daily bar closes above that mark, the growth may continue to the $3,650 zone.

On the bigger time frame, one should focus on the candle closure in terms of the level of $3,677. If the rise continues to it, there is a high chance to see a breakout, followed by a blast to $3,800 soon.

From the midterm point of view, it is too early to make any distant predictions as a few days remain until the bar's closure. Thus, the rate is far from key levels, which means that none of the sides is ready for a sharp move.

XRP Price Prediction for March 27

All in all, ongoing consolidation in the area of $3,400-$3,800 is the more likely scenario for the next days.

Ethereum is trading at $3,595 at press time.

BTC, ETH and XRP Price Prediction for April 1

The new week has started with a correction of the cryptocurrency market, according to CoinMarketCap.

The price of Bitcoin (BTC) has declined by 1.08% since yesterday.

On the daily chart, the rate of BTC is falling after yesterday's bullish closure. If today's bar closes below $69,500, traders may expect a test of the $68,000 zone soon.

Bitcoin is trading at $69,616 at press time.

Ethereum (ETH) has followed the drop of BTC, going down by 2.07%.

From the technical point of view, Ethereum (ETH) is trading similarly to BTC as bears are also trying to seize the initiative. At the moment, one should pay attention to the interim level of $3,400. If it breaks out, the drop is likely to continue to the $3,200-$3,300 zone.

Ethereum is trading at $3,537 at press time.

XRP is the biggest loser today, going down by 2.57%.

On the daily time frame, the price of XRP is once again testing the support level of $0.60355. If the bar closes near or below that mark, the accumulated energy might be enough for a blast to the $0.58 area.

XRP is trading at $0.6077 at press time.

Ethereum (ETH) Price Prediction for April 5

The bears' pressure remains relevant on the cryptocurrency market, according to CoinMarketCap.

The rate of Ethereum (ETH) has declined by 2.53% over the last day.

On the hourly chart, the price of ETH might have found a local support level of $3,237. If the daily bar closes far from this mark, the rise may lead to the test of the $3,320 zone tomorrow.

On the bigger time frame, the rate of the main altcoin has once again bounced off the $3,214 level. If buyers can hold the gained initiative, there is a chance to see a local rise to the $3,350-$3,400 area by the end of the week.

A less positive picture can be seen on the weekly chart. The bar is trading near its low, which is a bearish signal in the midterm scenario. In this case, it is too early to think about a fast bounce back.

XRP Price Prediction for April 4

All in all, there is a still a possibility to see a test of the vital $3,000 zone soon.

Ethereum is trading at $3,283 at press time.

Bitcoin (BTC) Price Prediction for April 6

The weekend has started with a market bounce back, according to CoinMarketCap.

The rate of Bitcoin (BTC) has risen by 1.45% over the last 24 hours.

Despite today's rise, the price of BTC is looking bearish on the hourly chart as it is on the way to the local support of $67,616. If buyers fail to seize the initiative, traders may expect a test of $67,000 tomorrow.

On the daily time frame, the situation has almost not changed since yesterday from the technical point of view. This statement is also confirmed by the falling volume.

Ethereum (ETH) Price Prediction for April 5

In this case, ongoing sideways trading in the area of $67,000-$69,000 is the more likely scenario for the next days.

On the weekly chart, the price of BTC has once again bounced off the support level of $64,522. At the moment, one should pay attention to the candle closure in terms of the previous bar low of $66,407. If it happens below it, the drop is likely to continue to the $60,000 zone.

Bitcoin is trading at $67,785 at press time.

'Rich Dad, Poor Dad' Author Issues Warning About Major Crash

Robert Kiyosaki, the American author known for his popular personal finance books, has taken to the X social media to warn millions of his followers about the "everything bubble" in U.S. stocks, bonds and real estate. The financial commentator predicts that this bubble is "set to crash."

Kiyosaki has recommended his followers to hedge against this possible crash by buying precious metals (gold and silver) as well as Bitcoin, the largest cryptocurrency by market cap.

Even though many investors are concerned about a potential stock market bubble being in the making, historical data shows that their concerns are not grounded in reality. As Reuters points out, the only actual post-World War II stock market bubble burst in the early 2000s during the internet boom. Various companies reached ridiculous valuations during the "dot-com" bubble phase, and this mania eventually turned into a severe bear market.

Satoshi-Era Bitcoin Whale Suddenly Wakes Up After Entire Decade

However, the business media outlet has also noted that corporate balance sheets are currently in good shape, which indicates that the persistent warnings about the "everything bubble" could simply be fear-mongering.

With that being said, SocGen’s Albert Edwards recently opined that various stocks might indeed be showing some telltale signs of a market bubble. He further argued that the artificial intelligence craze might be getting out of hand.

In 2022, the Bitcoin price plunged in tandem with U.S. stocks as the Federal Reserve rushed to hike interest rates in order to tame out-of-control inflation. This prompted many critics to call Bitcoin's diversification abilities into question. That said, Bitcoin might be a more attractive portfolio diversifier in 2024.

In the meantime, Jurrien Timmer, director of global macro at Boston-headquartered financial giant Fidelity Investments, recently pointed to the fact Bitcoin now has a negative correlation with the benchmark S&P 500.

Bitcoin (BTC) Breakout Continues as Analyst Sees $85,000 on Horizon

Bitcoin (BTC), the world's largest cryptocurrency by market capitalization, continues its upward trajectory, with analysts and traders alike eyeing the $85,000 mark as the next significant resistance level. Crypto analyst Ali Martinez recently took to X (formerly Twitter) to share his bullish outlook, stating that BTC appears to be breaking out, and if it can hold above $70,800, the next target becomes $85,000.

#Bitcoin appears to be breaking out! If $BTC can hold above $70,800, the next target becomes $85,000! pic.twitter.com/JPLf18KZvt

After a period of consolidation and sideways trading over the past few weeks, the BTC price resumed its rally today, gaining momentum and attracting renewed interest from investors. As of the time of writing, Bitcoin is trading at $72,267, marking a 4.19% increase in the last 24 hours. Additionally, BTC's 24-hour trading volume has seen a significant surge, currently up by 69.13% at $33.33 billion. This increase suggests growing market participation and indicates strong buying interest in the coin.

Several factors could be contributing to Bitcoin's current rally and bullish sentiment on the market. First, the increasing adoption of Bitcoin and other coins by institutional investors and financial institutions could be driving demand and fueling the price rally. Second, economic uncertainty, inflation concerns and geopolitical tensions may be prompting investors to seek alternative assets like BTC as a store of value and hedge against fiat currency depreciation.

In addition to these factors, the recent strong inflows into spot ETFs indicate growing interest from institutional and retail investors, providing additional liquidity and support to Bitcoin's price. Moreover, with the next Bitcoin halving estimated to occur 11 days from now, the anticipated reduction in mining rewards could be creating a supply-side constraint. This potential supply-demand imbalance may further drive up the price of BTC as the halving event approaches.

Overall, Bitcoin's breakout above the $70,800 level and the bullish outlook shared by analysts like Ali Martinez have instilled renewed confidence in the market. With Bitcoin currently trading at $72,267 and showing signs of further upward momentum, all eyes are now on the $85,000 resistance level to see if BTC can continue its impressive rally and reach new heights in the coming days.

With over three years of immersive experience in the crypto industry, Mushumir is a seasoned crypto writer dedicated to unraveling the complexities of blockchain technology and decentralized finance. From dissecting the latest blockchain innovations to demystifying trading strategies, he brings a unique blend of technical insight and communicative flair to the crypto space. Having penned countless articles, analyses, and market reports, Mushumir has developed a distinctive voice that resonates with both seasoned investors and crypto newcomers alike.

Yield App Offers Easy-to-Use Crypto Wealth Platform: Review

As the bull run in crypto is gaining steam in early 2024 catalyzed by the Dencun Ethereum (ETH) upgrade and the fourth Bitcoin (BTC) halving, newcomers and pros are looking for ways to protect and grow their capital gains.

Yield App, a reliable battle-tested wealth generation application, offers an unrivaled stack of opportunities for Bitcoin (BTC) and altcoin holders backed by low-risk strategies and attractive APY rates.

Launched back in Q1, 2021, Yield App is an ecosystem of services for yield generation on cryptocurrency deposits. It works with fiat as well and offers up to 25% APY.

Yield App's tokenomical design is underpinned by the native YLD token on Ethereum (ETH), while its technical stack includes Haven1, an EVM-compatible Layer-1 blockchain optimized for DeFi-centric use cases.

Despite the cryptocurrency segment allowing a number of ways to benefit from working with crypto, only few of them can really be associated with passive or “semi-passive” income.

In the majority of decentralized finance (DeFi) applications, you can benefit from injecting liquidity into the lending pool. Not unlike services of mainstream Web2 banks, borrowers get the yield generated by lenders who pay for the money they obtain from DeFi.

This scheme looks secure, but heavily depends on the prices of all currencies involved, takes expertise in DeFi and can be slow and resource-ineffective due to high fees.

This scheme can be compared to “quick income” schemes: “Early birds” share the liquidity injected by next generations of participants. Such mechanisms only work when new participants join the process.

While these schemes are typically associated with very high APY rates, most of them fail sooner or later. Also, in some jurisdictions, such activity is illicit.

Centralized earning platforms merge the benefits of various classes of yield generating apps. Just like Web2 banks, they do not leverage users' funds in risky schemes. Instead, the assets deposited by customers are used as liquidity in conservative, risk-averse businesses.

This class of applications work with stable and predictable yield rates. When it comes to crypto, they access the widest range of cryptocurrencies, including both Bitcoin (BTC) and altcoins. The majority of them rely on centralized storage and organize KYC/AML checks for potential clients. This class of yield apps is the most secure and cost-efficient one. Also, it is the go-to solution for customers with no previous experience in finance, crypto or investments.

Starting from early 2021, Yield App, a cryptocurrency yield generation machine, onboards depositors of Bitcoin (BTC) and altcoins. With Yield App, everyone can “park” his or her crypto to get up to 25% in APY.

Yield App is a one-stop application for earning yield on cryptocurrency deposits. The main product - a yield-generation module - is accompanied by a couple of useful cryptocurrency economics services:

Generating passive income for investors of various types is the main purpose of Yield App's operations. Simply put, depositors “lock” their cryptocurrency for a predetermined amount of time to grab periodic rewards.

Yield App’s tokenomic design is underpinned by YLD token issued as an ERC-20 asset on the top of the Ethereum (ETH) blockchain. As of Q1, 2024, YLD token is available for trading on major centralized (KuCoin, Gate.io) and decentralized (Uniswap, QuickSwap) cryptocurrency exchanges. YLD is integrated into various activities on Yield App as its major utility token.

On Yield App, every investor is able to find a program that is suitable for his/her investment strategy. First of all, it offers three earning programs: Earn+365, Earn+ and Flexible strategies.

Yield App program

Cryptocurrencies accepted

Specifications

Earn+365

USDC, USDT, TUSD, DAI, ETH, BTC

Minimum lock period is set at 365 days, payouts up to 15%

Earn+

USDC, USDT, TUSD, DAI, ETH, BTC, ATOM, BNB, DOT, NEAR, SOL, AVAX, MATIC, XRP, DOGE, ADA, LINK,NEAR

Minimum lock period is set at 30 days, payouts up to 13%

Flexible

USDC, USDT, TUSD, DAI, ETH, BTC, ATOM, BNB, DOT, NEAR, SOL, AVAX, MATIC, XRP, DOGE, ADA, LINK,NEAR

Flexible redemption, payouts up to 11%

As such, depositors can benefit from both Bitcoin (BTC), altcoins and major centralized (USDT, USDC) and decentralized stablecoins (DAI).

Within the Yield Pro module, Yield App offers a complex yield enhancement strategy, Dual Currency (or Buy Low) with APY rates over 50%.

Besides the yield generation module, Yield App has created a number of useful services for a seamless cryptocurrency experience. Its Swap module offers newbie-friendly and resource-efficient crypto-to-crypto and crypto-to-fiat exchange services.

The fiat paygate accepts the largest fiat currencies, the Euro (EUR) and Great Britain Pound (GBP); customers can deposit them via familiar payment methods.

As previously mentioned, Yield Pro offers an enhanced services kit for sophisticated investors with high deposits and a deep understanding of how cryptocurrency markets work. The product is aimed at investors with varying risk appetites and investment goals looking to build more complex strategies. At the same time, all information about Yield Pro is summarized in explanatory videos so that every customer can research its design.

Yield App’s over-the-counter (OTC) desk allows big depositors to perform exchange operations worth $100K+ in equivalent with 70+ cryptocurrencies. These swaps are fully confidential and are not demonstrated on any exchange.

Last but not least, Yield App released the “Recurring Buy” module in beta version. With Recurring Buy, everyone can leverage DCA, the oldest and battle-tested strategy for wealth generation on a growing market.

As a result, Yield App customers can enjoy a holistic ecosystem of cryptocurrency services without leaving the application.

The process of registration on Yield App remains clear and effortless even for the newcomers to crypto. First, new customers should set up an account and confirm it via email.

Once the account is registered and activated, newcomers should pass KYC/AML checks and ID verification. Due to the seamless system being employed, all procedures take a minimum amount of time.

After completing registration procedures, users can deposit money in crypto or fiat and start earning instantly.

As a novel part of its tech stack, the Yield App team released Haven1, a high-performance EVM-compatible blockchain tailored to DeFi use cases.

Its built-in verifiable identity at the wallet level facilitates recourse mechanisms and security guardrails that allow Haven1 to unlock previously unattainable decentralized finance use cases.

Currently, the blockchain is protected by a network of seven validators. To enhance its decentralization and earn extra rewards, YLD holders can stake their tokens in favor of this or that validator. With over 100,000 YLD staked, customers can access additional services and premium rewards.

Haven1 is fully audited and works with high TPS, which makes it a go-to solution for institutions interested in expanding their businesses to the DeFi scene.

Yield App is a one-stop application for cryptocurrency yield generation. It generates interest on Bitcoin (BTC), major stablecoins and altcoins in three programs with different minimum lock periods. Users can obtain up to 25% in APY in regular modules and even higher in Yield Pro modules.

Passive investing with Yield App is safer compared to key alternatives: unlike many CeFi and DeFi apps, it prioritizes low-risk, market-neutral strategies of yield generation.

Besides yield generation instruments, Yield App offers its customers an ecosystem of exchange and earning tools: OTC swaps desk, crypto-to-fiat exchange, automated DCA module and so on.

Yield App’s tokenomics backbone is YLD token on Ethereum blockchain.

Blockchain Analyst & Writer with scientific background. 6+ years in IT-analytics, 3+ years in blockchain.

Worked in independent analysis as well as in start-ups (Swap.online, Monoreto, Attic Lab etc.)

Phoenix Introduces Yield Platform with USDC Payouts: Review

Phoenix is an easy to use liquidity mining platform with weekly payouts in the USDC stablecoin. It offers it’s users an easy and streamlined way of earning a legitimate passive income in crypto without having to have sophisticated expertise or a trading background.

Developed by industry experts, Phoenix unlocks new opportunities for crypto investors, who are looking for passive income. With it’s predictable payout model, no lock-ups, and its low, medium and high risk-reward yield programs, Phoenix has established itself as the go-to yield platform for investors from all backgrounds, where you can start with a deposit as low as $100.

Launched in Q1, 2023 by representatives of Hatchworks VC firm and The Spectre Cryptocurrency Exchange, Phoenix merges the benefits of DeFi and CeFi in a single interface for passive yield generation.

In general, Phoenix builds a one-for-all liquidity providing marketplace designed to offer everyone passive income opportunities with predictable payouts in both the bull and bear phases of the cryptocurrency market cycle. The platform is aimed at lowering the barrier of entry for beginners and addressing risk management in a modern way.

In the decentralized finance segment - the sphere of noncustodial cryptocurrency protocols - yield farming refers to techniques for generating interest on dormant deposits. Simply put, not unlike classic banks, protocols pay you interest for using your liquidity.

For the first time ever, yield farming went mainstream in Q3, 2020, when “DeFi Summer” pushed thousands of traders to Aave Finance (AAVE), Synthetix (SNX), Uniswap (UNI), SushiSwap (SUSHI) and other protocols. Customers of these platforms earned interest on their deposits and benefited from fluctuations in native token prices.

In the bear market of 2021-2022, the yield farming protocol segment lost part of its audience, but in 2024 it is actively recovering from “Crypto Winter.”

Yield farming is far from being the only way to generate passive income in the cryptocurrencies segment. Besides that, customers can also inject liquidity into centralized lending protocols.

From an investor's point of view, such protocols normally operate similarly to decentralized finance protocols: liquidity providers deposit funds, and a centralized platform lends them to clients and rewards LPs with periodic payouts. However, such platforms provide low APYs for the majority of assets as they are only interested in Bitcoin (BTC), the largest altcoins and top-tier stablecoins.

Phoenix, a new-gen yield generation machine, addresses all bottlenecks of the segment: sophisticated UX, low APYs, high volatility and unpredictable rewards. Its solution is of paramount importance for the passive income generation scene in Web3.

Phoenix, a one-stop liquidity platform for yield generation, is designed to allow cryptocurrency owners to benefit from their idle holdings. With Phoenix, everyone can become a marketmaker on top DEXes without having to go use complex user interfaces, exorbitant fees, network congestion and so on.

On Phoenix, users are invited to deposit liquidity into their preferred risk-reward program(s). Phoenix then generates yield by routing this liquidity into leading decentralized finance protocols on Ethereum (ETH) and Avalanche (AVAX), two dominant smart contract platforms. For their contribution and deposits, investors enjoy weekly payouts in USDC. USDC is the second largest stablecoin (by market capitalization), backed by the company Circle.

Phoenix introduces the segment of market making to retail clients even with low deposits: the “entry barrier” on the platform is only $100 in equivalent. Compared to other competitive platforms, the Phoenix app offers attractive programs with high APYs and no minimum lockup period. With no lockup limitations, investors and traders can make their strategies more agile and flexible.

Phoenix offers both a responsive web interface (for desktop and phone users) and a native desktop applications for both MacOS- and Windows.

After setting up their account, users can deposit money. The process of registration is simplified and requires no specific crypto-related skills. Once the account is activated and validated, Phoenix users can top it up with cryptocurrency deposited from their own wallet.

Then, users can choose the particular liquidity mining program (see below), authorize the transaction and transfer money to the liquidity pool. Algorithms by Phoenix automatically start generating yield once liquidity enters the corresponding pool. Users should only wait for payouts in USDC; accurate APY depends on a liquidity mining strategy and a lockup period for the deposit.

As there is no minimum lockup period, users can withdraw their crypto with rewards to their own wallet at any time.

Per its documentation, Phoenix offers three programs to its customers depending on risk management details and preferable investing strategy. Phoenix introduced “Gearing level,” an indicator of exposure to the prices of top cryptos, for every available program.

Describing the risk tiers on Phoenix, the team highlights that yields can expand significantly beyond these levels, depending on market volumes and news flow. Also, the platform’s representatives added that market makers should feel free to add further layers of protection to every liquidity mining portfolio to hedge capital risk using industrial strength shorting solutions.

The liquidity from Phoenix market makers is then routed toward three pools: AVAX/USDC on TraderJoe, and USDC/ETH on Uniswap and 1Inch, three top-tier DeFis on Ethereum and Avalanche.

Phoenix platform is backed by a heavy-hitting team of seasoned trading, VC and Web3 tech professionals from various regions across the globe.

The tech development of the platform is helmed by George Violaris, the CTO of Hatchworks VC firm and a passionate innovative software developer and team leader with 15 years of experience in JavaScript, TypeScript, PHP, Java, Python, Go, databases and so on.

Phoenix's battle-tested Quantitative Strategy is developed and implemented by Harvard Business School alum Zen Zijlstra, who is also running due diligence and market data insight gathering at Hatchworks.

Microsoft veteran Oto-Rem Süvari is the head of the research and development department at Phoenix, curating further experiments with liquidity.

To advance the understanding of the product and its role in the market, the team is holding webinars for cryptocurrency enthusiasts. For further consultations, customers are encouraged to reach the Phoenix representatives in Telegram.

In a nutshell, Phoenix is a user-friendly app for liquidity mining and passive income generation. In three hedged strategies, it routes user deposits into liquidity pools on major decentralized exchanges, making the entire procedure easy for various groups of crypto owners.

Phoenix offers 7-30% in APY for all deposits over $100 in equivalent, with no minimum lockup time. Thus, the platform addresses all major bottlenecks of Web3 liquidity mining in the DeFi era.

Blockchain Analyst & Writer with scientific background. 6+ years in IT-analytics, 3+ years in blockchain.

Worked in independent analysis as well as in start-ups (Swap.online, Monoreto, Attic Lab etc.)

Toncoin: Telegram's Crypto Project Overview

In 2018, Telegram CEO Pavel Durov published a white paper for the first layer blockchain of the Telegram Open Network (TON). The idea of the project was to transfer the popular Telegram messenger to TON, to subsequently create the most anonymous and secure application, protected by its own proxy.

TON was described as a platform for decentralized applications and services that could be used as an alternative to Visa and MasterCard payment processing services due to its scalability and ability to support millions of transactions per second.

The time when the inefficiencies of legacy platforms justified centralization should be long gone. With technologies like TON reaching their potential, the blockchain industry should be finally able to deliver on its core mission – giving the power back to the people.

The TON blockchain network was designed with specific objectives in mind: flexibility, speed, and cost-effectiveness. These qualities are crucial for attracting millions of users and ensuring integration with messaging applications, which prioritize lightweight functionality. To achieve these goals, TON developers implemented a lightweight consensus algorithm, scalability enhancements such as sharding, and a virtual machine (TVM).

Telegram Open Network had unique features including shard chains, a self-healing mechanism, decentralized data storage, domain name service, a TON virtual machine, and built-in privacy tools. The project’s cryptocurrency was called Gram (GRM) and was used for settlements and payment of commissions.

To finance the development of the blockchain, Telegram held a private initial coin offering. The ICO, which took place in February-March 2018, was a huge success. In two rounds, the company raised $1.7 billion from investors, selling 44% of the total token issue.

In 2020, Telegram, the messaging app giant, terminated its plans for the TON blockchain following a legal battle with the U.S. Securities and Exchange Commission (SEC). SEC had filed a lawsuit against Telegram in 2019, alleging that the company violated securities laws by not registering its token, initially named "gram," with the regulatory agency.

In September 2023, Telegram introduced its long-awaited crypto wallet, built on The Open Network (TON) blockchain, to its 800 million global users. The integration of the TON wallet into Telegram led to a nearly 7% surge in the price of Toncoin upon the announcement.

The TON Foundation announced that projects operating on the TON blockchain would receive priority access to Telegram's advertising platform, Telegram Ads. While the wallet feature is currently available in settings for existing users, a global rollout is scheduled to commence in November, excluding the United States and select other countries.

Last month, Telegram CEO Pavel Durov revealed plans to launch the company's ad platform, enabling channel owners to earn financial rewards. Rewards will be distributed using Toncoin on the TON blockchain, with channel owners set to receive 50% of all revenue generated from displaying ads in their channels.

Despite Telegram channels amassing one trillion monthly views, only 10% of these views are currently monetized with Telegram Ads. The Telegram Ad Platform is slated to open to channel owners in nearly one hundred countries, signaling a significant shift toward content monetization.

Since its launch, TON hasn’t exactly followed the uptrend, with the price mostly below the initial level in 2022 and 2023.

In February, Toncoin embarked on a series of initiatives, demonstrating continued positive momentum. The most recent initiative involved distributing 30 million TON for user participation in ecosystem projects.

In late March 2024, Toncoin (TON) surged by 31.83% to $3.68, hitting a two-year high, driven by anticipation of Telegram's upcoming Initial Public Offering (IPO). Trading volumes for TON spiked by 301.96%, reaching $269 million, indicating increased trader interest.

These gains were fueled by Telegram Messenger's decision to compensate channel owners with cryptocurrency for ads and Binance's launch of perpetual futures trading for the TON token.

In the past month, TON has displayed remarkable resilience, swiftly rebounding from external disruptions like the temporary injunction on Telegram services in Spain.

Despite the setback, the coin quickly recovered to around $4.90, hinting at the potential for TON to reach the $10 mark. While this milestone remains speculative, optimism is fueled by recent activities within The Open Network and the coin's overall market performance.

However, the price is currently in a bearish zone, struggling to break through an important price level. Recent developments, as well as Telegram’s IPO plans, could mean a potential for above $10 level, given the overall bullish market sentiment ahead of Bitcoin halving.

Dan is a news editor and writer with 12 years of experience in finance and emerging technologies, with a strong focus on crypto. Covering a broad spectrum of topics, from fintech startups to AI, he provides an in-depth overview of the current state of the crypto market, along with insights into its potential for future disruption.

BTC/S&P 500 Correlation: What Stock Market Can Tell Us About Bitcoin Price

Over the past decade, Bitcoin has shown a correlation of 0.17 with the S&P 500, lower than other alternative assets like the S&P Goldman Sachs Commodity Index, which has a correlation of 0.42 with the S&P 500 during the same period.

While Bitcoin's correlation with the stock market has historically been low, recent years have seen a slight increase. Over the last five years, the correlation has risen to 0.41.

Bitcoin's relationship with the S&P 500 saw a negative correlation of -0.76 on November 11, 2023, and then hit a positive correlation of 0.57 in January 2024. This shift from negative to positive correlation points to Bitcoin's changing perception among investors.

The S&P 500 is a stock market index that monitors the performance of 500 leading companies listed on U.S. stock exchanges. Renowned as a barometer for the U.S. economy, it is favored by risk-averse traders for its consistent historical performance and diversification across various industries.

Holding positions in the S&P 500 with a long-term perspective has historically yielded annual gains nearing 10%.

When comparing Bitcoin and the S&P 500, one notable difference is their volatility. Bitcoin's performance is often likened to a roller-coaster ride, evident in its drastic swings from plunging over 64% in 2022 to rallying 160% in 2023. This volatility can be challenging for crypto traders to navigate.

Bitcoin Eyeing Huge Surge in Line With S&P 500 Trends, Analyst Says

In contrast, the S&P 500 exhibits relatively stable performance, averaging about 9% to 10% annual returns and serving as a benchmark for the U.S. economy. While the S&P 500 may offer lower overall returns compared to Bitcoin, its consistency and long-term track record make it a favored choice for risk-averse investors.

The correlation between Bitcoin and the S&P 500 can be attributed to factors such as declining inflation numbers and the U.S. Federal Reserve's decision to pause interest rate hikes. This created a favorable environment for risk-on trading, leading to bull rallies for both Bitcoin and the S&P 500 index despite the bearish sentiment following the 2022 correction.

Bitcoin (BTC) Ready for New All-Time High: Top Trader

When the correlation between Bitcoin and traditional equity markets like the S&P 500 and Nasdaq increases, while its correlation with Gold decreases, it suggests that Bitcoin is behaving more like a risk-on asset rather than a safe haven. When investors are feeling venturous, they often swing toward stocks and digital coins for a chance at juicier profits.

If institutional and retail investors are increasingly involved in both equity and cryptocurrency markets, their simultaneous buy and sell decisions could cause the price movements of these assets to align.

Both Bitcoin and the S&P 500 thrive in periods of loose monetary policy, characterized by central banks stimulating the economy through measures like interest rate cuts and quantitative easing.

'Rich Dad Poor Dad' Author Bitcoiner Predicts Stock Market Crash, Hold Tight

This environment boosts asset markets by injecting liquidity and lowering borrowing costs. Consequently, investors flock to both traditional and crypto markets, driving up prices. However, when central banks tighten monetary policy by raising interest rates, as seen recently, it can dampen market enthusiasm and impact asset prices.

In 2023, Bitcoin surged by 160%, while the S&P 500 gained 23%. However, it is essential to consider past performance, as Bitcoin experienced a significant 64% crash in 2022, compared to the S&P 500's 19% decline. These contrasting performances highlight the perspective needed when comparing Bitcoin's volatile gains with the more stable returns of the S&P 500 index.

Fidelity's research indicates that Bitcoin has historically provided significant returns, averaging 186.7% annually from August 2010 to August 2022. However, since the launch of the Bitcoin futures market in 2018, its average annual returns have been around 8.8%.

While past performance suggests potential for high returns, Bitcoin's extreme volatility should not be overlooked. Investors should be aware that its value can both rise and fall dramatically, as evidenced by recent fluctuations.

To assess Bitcoin's risk, Fidelity conducted simulations adding different amounts of Bitcoin to a traditional 60/40 portfolio. The study found that even a small allocation of Bitcoin significantly increased portfolio volatility. For instance, replacing 1% of stocks or bonds with Bitcoin contributed about 3% to overall portfolio volatility, with risks increasing exponentially as allocation levels rose.

Bitcoin's recent price surge aligns with optimism in technology stocks on Wall Street, reflected by the rise in the Nasdaq 100 Index relative to the S&P 500 (NDX-SPX ratio). This positive correlation suggests that movements in technology stocks influence Bitcoin's market. Traders monitoring Bitcoin may track the NDX-SPX ratio for insights.

Despite potential fluctuations, optimism prevails in the crypto market due to factors like the upcoming halving-induced supply reduction and increased ETF demand, fueling predictions of Bitcoin reaching $150,000 and beyond.

Ali Martinez suggested that Bitcoin's price trajectory might parallel that of the S&P 500 ($SPX), raising the question of whether the recent drop from $32,000 to $25,000 represented the final opportunity to buy at a low price.

Imagine if #Bitcoin price movement mirrors the $SPX? Picture this: the dip from $32,000 to $25,000 in #BTC was our only chance to buy in low. Could we be on the verge of an unstoppable rise? 🚀 Is it "up only" from here for $BTC? pic.twitter.com/Gc8jQjxrEB

He speculated whether this decline could signal the beginning of an upward trend, leading to a scenario where Bitcoin only moves in one direction, upward.

Dogwifhat (WIF) Chasing After DOGE and SHIB: New Top Dog Meme Coin to Come?

The meme coin category has experienced a significant 20% gain in late March. The surge began on early Thursday with meme tokens showing increased momentum, fueled by speculation surrounding the potential integration of Dogecoin (DOGE) into a forthcoming payments service of a social application known as X.

Dogwifhat (WIF) (a meme token) managed to flip Pepecoin (PEPE) in market capitalization rankings, becoming the third-largest meme token in this category. WIF's price also rose above the $4 mark March 28, showing the biggest price increase since its launch.

Update. The WIF I sold for $800 is now worth $13,795,900 🫡

Unbothered. Moisturized. Happy. In my lane. Focused. Flourishing. pic.twitter.com/PWc4uWu7Pz

However, just a week later, WIF has lost most of its gains. What do we make of all this?

The "Dogwifhat" meme originates from a photograph of a Shiba Inu dog wearing a beanie. In late December 2019, edited versions of this image, featuring logos and images on the beanie, became popular on Twitter, specifically in the eSports community.

WIF entered the open market in December 2023 at approximately $0.001555. By the end of that month, it had surged to $0.30 before declining to $0.08 in January. This rapid fluctuation in price highlights the speculative nature of meme coins like WIF.

Top Meme Coins WIF, PEPE, FLOKI Outperformed Market in 24 Hours

The founders of the Dogwifhat project are anonymous, but they drew inspiration from Dogecoin (DOGE), the well-known meme coin. Unlike DOGE, which has practical use cases, the value of Dogwifhat is driven solely by speculation.

Meme coins famously attract massive and younger retail investors with their relative cheapness, large price movements and their strong bond with current internet culture.

The price of Dogwifhat (WIF) reached its latest all-time high of $4.64 on March 30, soaring more than 250,000% since its launch.

Solana Founder Breaks Silence on Meme Coins Amid Dogwifhat (WIF) Success

However, in the past week, the price has dropped by more than 10%, and it is currently trading at $3.8. Despite this recent drop, WIF still holds the third place in terms of market capitalization ($3.25 billion), although it has decreased by 28% this week.

The overall meme coin market sentiment seems resilient (although, some might argue that the meme coins rise is a sign of a potential crypto market crash). In the past month, meme coins' total market cap has reached over $55 billion.

The approval of U.S. ETFs investing directly in Bitcoin in January sparked an $800 billion rally in crypto in just the past month. It is widely believed in the market that a meme coin frenzy follows a Bitcoin rally.

Meme coins like Dogwifhat's WIF, Pepe and Bonk have skyrocketed since late February, pushing the value of their total circulating supply into the billions of dollars.

High volatility is one of the reasons why meme coins are so popular among retail investors. In this regard, WIF is likely to continue to deliver large price movements.

Algorithmic Lab's Mission, Stalwart AI-Powered Platform Introduced and Future of AI in Web3: Interview With Algorithmic Lab CEO Konstantine Morosheen

In 2023-2024, the integration of AI and cryptocurrency is one of the hottest trends for the Web3 segment in terms of apps, infrastructure, tooling and so on. Today we sat down with Konstantine Morosheen, the CEO in Algoritmic Lab, to talk about the latest developments of Stalwart, a multi-product AI-powered ecosystem for cryptocurrency traders, investors and enthusiasts.

U.Today: Could you please briefly introduce your product and share some details about your team’s background?

Konstantine Morosheen: Stalwart, developed by the Algoritmic Lab team, is kind of a new wave in the cryptocurrency world. It takes the best of stablecoins and traditional assets like gold, bonds, low-volatility stocks and ETF funds. But the coolest part is how Stalwart uses artificial intelligence to manage all this wealth. The AI analyzes the market, tracks sentiments and helps maintain stability, even when the market is stormy. Plus, Stalwart has its own ecosystem with secure wallets for managing finances, online payments and even staking. Basically, it's like a next-generation cryptocurrency that is accessible to everyone.

The development is being handled by a top blockchain team that previously worked on private blockchain technologies.

U.Today: You started working in the AI segment in 2020 well before ChatGPT triggered the “AI frenzy” in 2023. Why were you interested in commercial applications of AI?

Konstantine Morosheen: The model with a stablecoin backed by a resilient asset pool that adapts in real time to the market has been in testing for several years, with ongoing optimization whenever possible. This requires a whole team of analysts, including the use of algorithms and neural networks. However, it is only with the current level of AI development that it has become capable of replacing the part of human work that was difficult to provide for with algorithms. Language models have now become adept at this — they can accurately interpret human speech, transcribe videos and discern meanings. In other words, we didn't just come up with a way to integrate AI into our development — we knew why and how we would use it as soon as it reached the maturity we needed.

U.Today: Regarding your AI-powered sentiment checker tool: Which sources would you like to index and track?

Konstantine Morosheen: We monitor X, Telegram, popular news portals and YouTube channels. We take key words, search engine results for them, and then rank and analyze them based on audience size. We plan to track everything that influences public opinion in order to identify the sentiment that has a significant impact on the market.

U.Today: Who would you describe as the core target audience for your product and token?

Konstantine Morosheen: Our audience consists of users who face the need to diversify their portfolio and would like to spend less time managing it without increasing risks, as well as businesses that want to offer their customers the option of direct payment with cryptocurrency and face the same problem: how to protect the accepted funds from potential risks of devaluation in the event of a sudden drop in cryptocurrency value.

We start from the obvious fact — cryptocurrency already exists and continues to spread. More and more people want to use it, including using it directly as a payment instrument and for accumulation.

There are many cryptocurrencies, but stablecoins are chosen for transactions and long-term storage of the main part of the portfolio because they are minimally susceptible to market fluctuations, which is their primary function.

The question arises: Which stablecoins to choose and in what proportion? Are there 100% reliable stablecoins? Practice shows that there are not.

For example, if a regulator approaches a stablecoin issuer with a request for backing and discovers it is insufficient, a depegging and a drop in value can occur. The drop itself can happen very quickly, within a few days, although its precursors in the information space appear in advance.

How to track market signals, how to respond to them? What if I miss something important or, conversely, act on impulse? And if I am a business, and my decision on where to store liquidity affects many people, how do I make a good decision and how often do I need to review it, and who needs to be involved?

All these are questions that slow down the adoption of cryptocurrencies, and we have created a mechanism that solves this problem.

U.Today: Stalwart will employ both a native crypto token (volatile) and a stablecoin. Why did you choose such an eccentric design?

Konstantine Morosheen: In our system, there are three main assets: the native coin of the blockchain (utility token), the stablecoin Stalwart Coin and the index coin Stalwart Index. If the stablecoin is backed by low-volatility assets, the Stalwart Index, on the contrary, is backed by volatile ones. However, these coins represent the greatest interest from investors, potential for growth and clear value for the cryptocurrency market.

We started from the market's need — there is always a demand for volatile coins in a bull phase and for stable ones in a bear phase, and we hedge ourselves as an ecosystem in both phases, caring about our user. Staying within the same ecosystem, a user can switch from one market phase to another, simply by changing the ratio of Stalwart Coin and Stalwart Index in their portfolio.

U.Today: Describe the mechanisms of your stablecoin.

Konstantine Morosheen: There is a certain backing in the form of stablecoins and other tokens, and the system regulates the share of each stablecoin in the portfolio, based on the results of AI analysis, selling and purchasing assets in the liquidity pool based on real-time analysis.

U.Today: Which main utilities will you offer to your token’s holders?

Konstantine Morosheen: Staking the utility token grants the right to reduced commissions, access to advanced analytics in the personal account and also the right to profit from transactions.

Furthermore, we have an answer to the question of how we plan to gain popularity. This is done through a native referral mechanism. Because we are based on our own blockchain, we were able to integrate the necessary business logic at the level of the blockchain infrastructure itself. We have implemented the logic of working with commissions in such a way that we have the opportunity to share part of the commission during integration.

If any user facilitates the placement of, for example, a payment module in an ecommerce project, they receive a percentage of the transactions, and this is recorded in the blockchain.

U.Today: What do you estimate as the timeline of Stalwart testnet and mainnet launch?

Konstantine Morosheen: Well, it can be tracked on our official web page.

U.Today: Why did you decide to choose Cosmos over Ethereum, Polygon or BSC?

Konstantine Morosheen: The main idea is that the declared alternatives do not offer the ability to make Layer 0 decisions, to have your own blockchain with its own modifications necessary for business. In Ethereum, we are, in one way or another, tied to the network's product road map, and any logic we wish to implement can only be built on top of Ethereum's logic. For any smart contract, the transaction cost will depend on the number of instructions, and we have no way to influence the commission structure or redistribute it in favor of the user. Therefore, we have chosen Cosmos, which allows us to build our own blockchain.

U.Today: Share your opinion on the synergy between AI and crypto — and the role of Stalwart in this synergistic progress.

Konstantine Morosheen: The crypto world is overall very complex, requiring deep immersion and constant attention. And this complexity creates a significant barrier to the spread of Web3.

We see in AI not only a valuable mechanism for analysis but also an active communicator, capable of adapting to any user and literally taking them by the hand into the world of Web3 and then accompanying them there.

Having at its core the same mechanism that is used for market analysis, AI can communicate in "human" language and will act as an advisor within our DAO as well as a personal consultant for users in the context of portfolio management in their personal account. Some of these functions are already being tested; this requires serious product work, but we are confident that AI can help "humanize" the crypto world and make it more understandable and friendly.

The U.Today Editorial Team aims to educate its audience about the latest developments in blockchain and crypto. Our experts with extensive experience in covering the news of these actively advancing industries will help you grasp a deeper knowledge of regulatory trends, fintech advancements, DeFi, Web3 and more.

$25 Mln Dev Support Fund, First Decentralized Sequencer and Hybrid Rollups: Interview with Tom Ngo, Metis CEO

As the hotly-anticipated upgrade of Dencun is finally live, a new life is injected into the segment of EVM L2s. Metis, a high-performance general purpose Ethereum scaling solution, is also on the cusp of major announcements. As such, we sat down with Tom Ngo, CEO at Metis to discuss what’s next for the project, L2 scene, and Web3 as a whole.

U.Today: Please share the basic tech concept of the Metis L2 blockchain.

Tom Ngo: Metis is an Ethereum Layer 2, meaning that it leverages Ethereum’s security and decentralization while drastically lowering transaction fees. This opens the door for a larger number of individuals to interact with Ethereum while also enabling a wider range of possibilities for dApps (social dApps, for example).

Metis is properly aligning incentives across all network participants, and redefining what can be done on Ethereum.

U.Today: What are its main differences from other L2s?

Tom Ngo: Metis is the first L2 solution on Ethereum to decentralize its sequencer, which enables enhanced security, enhanced liveness, and revenue sharing for METIS lockers.

Metis will implement Hybrid Rollups, which will merge the benefits of fast confirmations and EVM equivalence of Optimistic Rollups with enhanced security, censorship resistance, and fast finality of ZK Rollups.

U.Today: What are the main bottlenecks of Ethereum scaling on L2s as of 2024?

Tom Ngo: After the DenCun upgrade, the bottlenecks of Ethereum scaling were pretty much solved. The issue that Ethereum has right now is onboarding users to its platform: Ethereum Layer 2s specifically an incentive-alignment issue. Every time we’ve seen massive user onboarding into crypto, it has been led by incentives: DeFi Summer, NFT craze, play2earn, walk2earn, and others

Until Layer 2s can figure out the incentive alignment strategy needed for onboarding the masses, it will remain a problem. That’s why we are so optimistic at Metis, since we believe that by aligning incentives accordingly across all network participants, we will be able to achieve this big milestone.

U.Today: What do you think makes Ethereum L2s vulnerable to centralization?

Tom Ngo: First, it is sequencer centralization: Foundations not decentralizing the sequencer node to retain full control and accrue all the revenue.

Then, it is prover/verifier centralization: If verifiers or provers are handpicked, there is room for potential collusion.

U.Today: How does Metis address centralization challenges?

Tom Ngo: Metis is the first Ethereum Layer 2 to decentralize its sequence, starting with 5 initial sequencer operators and progressively increasing the number of them. In terms of verifiers, Metis has a network of over 100 community verifiers on its Layer-2 network.

Once ZKM launches, Metis will unveil its very awaited Hybrid Rollup, leveraging ZKM’s zkVM and implementing zk proofs, a more decentralized and secured proving solution.

U.Today: Why did you choose the concept of the Hybrid Rollup?

Tom Ngo: Because it combines the best qualities of both architectures while opening the doors to a world of possibilities, securing off-chain devices and creating new use cases for blockchain technology. It also allows for tailoring solutions based on different use cases.

U.Today: What is the core role of the METIS token in terms of staking and governance?

Tom Ngo: All Layer 2 tokens are governance tokens. METIS, on the other hand, is the only Layer 2 token that stands as a utility token. METIS is used for gas payments, sequencer mining (staking) and transaction validation.

U.Today: How do you plan to grow Metis in a bull market?

Tom Ngo: By aligning incentives properly.

By enabling direct METIS transfers from top centralized exchanges like Binance, Coinbase and more, we will be able to onboard many more millions of users to Metis.

Once onboarded, they will have a wider range of games and dApps to interact with, as well as many other ecosystem applications being fueled by our MetisEDF.

The more of these games, like the previously mentioned PvP game, launched on Metis, the more transactions will be taking place. The more transactions take place, the more stakers get to benefit from the network’s growth. This is how we align incentives across all market participants as well.

The more transactions take place, also the more METIS goes back into the MetisEDF, reigniting this cycle of self-sustainability and perpetual growth.

Being a shareholder of a Layer 2 that doesn’t reward its contributors and community based on growth, is essentially opportunity-cost after users realize that there are Layer 2s who are indeed willing to do so. The Layer 2 sector is poised for outstanding growth, and users should be able to benefit from this growth, following the Web3 ethos.

U.Today: How do you rate the developer experience of Metis compared to other blockchains?

Tom Ngo: Metis is EVM equivalent, meaning that any contract that has been deployed on Ethereum or EVM-compatible chains, can easily be deployed on Metis.

For any developers that have deployed programs on EVM, building a dApp on Metis should be a walk in the park. We also have vast documentation and a reluctant developer relationships team to help you build the next generation of Metis dApps.

U.Today: Are you going to launch any developer support programs?

Tom Ngo: We recently launched the MetisEDF, a 4.6M ecosystem development fund focused on accelerating the ecosystem’s growth and adoption. For 2024, 250,000 METIS tokens, equivalent to over $25,000,000, have been committed as grants for dApps. Any protocol launching on Metis can apply for these grants.

Additionally, we’ve had our Builder Mining Rewards (BMR) initiative since launch. Every month, up to 4,000 METIS tokens are distributed among ecosystem DApps based on their transaction count.