Schottz Tech

terça-feira, 30 de janeiro de 2024

Solana Falls Behind Polygon in Terms of NFT Trading Volume

The blockchain platform Solana has experienced a dip in NFT sales, trailing behind its competitor, Polygon.

According to the latest data, Solana's NFT trading volume has decreased by 17.17%, totaling $4.5 million in sales. This downturn contrasts starkly with Polygon's notable increase in trading activity, which has seen an 84.94% surge, reaching $9 million in sales.

The NFT marketplace is witnessing dynamic shifts, with Ethereum maintaining its top position, boasting $13.4 million in sales, marking a 29.65% increase.

Meanwhile, Bitcoin, often less associated with NFT transactions, has held steady with $13,016,115 in sales despite an 18.52% decline.

The 30-day volume data for NFTs reveal Bitcoin's dominance with sales reaching nearly $872.7 million, and Ethereum's active market at over $709.7 million, despite a high wash trading volume. Solana and Polygon also show significant activity, with total sales of approximately $334 million and $99.4 million, respectively.

Despite the current dip, it is important to acknowledge Solana's significant achievements in the recent past.

In December 2023, Solana unexpectedly topped Ethereum's monthly NFT sales volume, according to CryptoSlam, with approximately $366.5 million worth of Solana NFTs sold compared to Ethereum's $353.2 million.

This was a surprising twist given Ethereum's longstanding dominance in the space. The surge in sales for Solana was attributed to a combination of factors, including a substantial increase in unique buyers and sellers.

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.

Cardano Approaching Top 10 Chains by NFT Trading Volume

The Cardano blockchain has seen a significant uptick in non-fungible token (NFT) trading volume.

As per the latest data, Cardano's sales volume has increased by 18.08%, positioning it just outside the top 10 chains, with a total trading volume of $190,754.

The current landscape of NFT trading volumes shows a diverse set of performances among the leading chains.

Ethereum maintains its top position with an impressive $18 million in sales, marking an increase of 17.97%.

Notably, the second-placed Solana has experienced a decline, with sales dropping by 29.61% to $7.9 million.

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Bitcoin, commonly known for its role as a digital currency rather than a platform for NFTs, has also seen a decrease in its NFT sales by 5.06%.

Meanwhile, smaller chains like Mythos and Flow have witnessed substantial gains, with the latter seeing a remarkable 34.57% increase in sales volume.

Ethereum's CryptoPunks lead the pack with a staggering $4.5 million in sales, though the number of transactions has seen a modest increase.

On the Solana chain, CryptoUndeads have surged with a 65.74% increase in sales volume, indicating a robust collector interest.

Other collections, such as Avalanche's Dokyo and Bitcoin's Uncategorized Ordinals, have also seen notable trading volumes. ImmutableX's Gods Unchained Cards have seen sales of $683,975.

Shiba Inu (SHIB) Rival FLOKI Gets Surprising Blow From Hong Kong's Regulator

In a startling turn of events, Floki Inu (FLOKI), a prominent player in the meme cryptocurrency sector and a competitor of Shiba Inu (SHIB), is grappling with regulatory troubles unleashed by Hong Kong's Securities and Futures Commission. The regulator issued a public warning cautioning against two investment products associated with Floki Inu – the Floki Staking Program and TokenFi Staking Program.

The SFC, in an official note, revealed that these products offer staking services and claim to deliver annualized returns ranging from 30% to over 100%. However, the watchdog emphasized that neither of these products has received authorization for public sale in Hong Kong, and their managers failed to convince the regulatory body about the feasibility of achieving such high returns.

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Adding to the scrutiny, the China Securities Regulatory Commission cautioned investors about virtual asset "pledge" arrangements, which may be unauthorized collective investment schemes carrying significant risks. Investors engaging in such schemes may receive limited or no protection under the Securities and Futures Ordinance, putting their entire investment at risk.

The SFC affirmed its commitment to taking appropriate action against any illegal conduct, stressing that the Floki Inu products exhibit characteristics of a collective investment scheme. Violations, especially pertaining to the promotion of interest in collective investment schemes without proper licensing, are subject to legal consequences, reports the regulator.

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This unexpected regulatory blow raises questions about the future trajectory of Floki Inu and the broader cryptocurrency market, as authorities intensify efforts to safeguard investors from "too good to be true" investment products.

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.

Sonala's Bonk Surpasses Shiba Inu in Trading Volume

The Solana-based meme coin, Bonk (BONK), has overtaken Ethereum's Shiba Inu (SHIB) in 24-hour trading volume. BONK might be gearing up for a comeback after plunging from its December peak.

As of the latest data, Bonk (BONK) is currently ranked 95th by market capitalization and has experienced a substantial increase in its 24-hour trading volume, reaching over $104 million.

Despite this, it's important to note that Bonk is still down by more than 60% from its all-time high of $0.00003416 reached about a month ago.

Meanwhile, Dogecoin (DOGE) holds the 11th spot with a slight price increase and a stable market cap of over $11 billion.

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Shiba Inu (SHIB), now overshadowed by Bonk in daily trading volume, sits at the 19th rank, with a market cap of approximately $5 billion.

On the downside, Dogwifhat (WIF) and Pepe (PEPE) have seen their values decrease by 4.5% and 2.7% respectively over the past week, with Dogwifhat experiencing a significant drop in market capitalization and trading volume.

After an enormous rally, Bonk faced a steep price drop, shedding much of its gains since its peak in December.

The token's initial surge was attributed to a frenzy in the Solana ecosystem, which saw the price of Bonk tokens increase by over 1,000%.

This impressive run led to listings on major exchanges such as Binance and Coinbase. However, the euphoria was short-lived, as the price plunged by over 70% from its December high.

Despite the recent downturns, the Solana network continues to generate buzz with new entrants in the meme coin space. Dogwifhat (WIF), another Solana-based meme coin, has not only rebounded but also surpassed its Ethereum-based rival FLOKI in market capitalization.

Solana-Based Meme Coin Surges 30% and Surpasses Shiba Inu in Trading Volume

The Solana-based meme coin Wen (WEN) has seen an impressive surge, registering a 42.64% increase in its daily trade.

The coin, which trades under the ticker WEN, has surpassed the well-known Shiba Inu ($SHIB) in terms of 24-hour trading volume. The price jump to $0.0001454 comes amidst a broader wave of excitement in the meme coin sector.

Dogecoin (DOGE), with its robust market capitalization of over $11 billion, remains the biggest meme coin by far despite a 5.10% decrease over the past week.

Meanwhile, Bonk (BONK) and Shiba Inu (SHIB) have seen their values fluctuate, with BONK experiencing a modest weekly gain of 3.76% against SHIB's 2% dip.

An outlier in this group, Wen, has rocketed by 46.44% in a day, though it also presents a stark 100% drop over the previous week, stealing the spotlight.

Raoul Pal Hints Major Solana (SOL) Surge Might Be Ahead

The 24-hour trading volumes are telling, with WEN pushing a substantial $120 million, indicating a heightened trader interest which may be attributed to recent market activities or developments specific to the coin.

Solana's ecosystem has been buzzing with activity, particularly with the Wen meme coin drop that aimed to reach over a million wallets.

This event held the network stable but also introduced significant price volatility. WEN's airdrop strategy appears to be part of a broader initiative to expand the ecosystem, which includes the decentralized exchange (DEX) Jupiter's remarkable performance.

Jupiter has recently outshone the Ethereum-based Uniswap V3 in 24-hour trading volume, with a noteworthy $519.8 million compared to Uniswap's $510 million.

Top Dogecoin (DOGE) Wallet Issues Warning After Exploit Attempt: Details

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The top Dogecoin wallet, MyDoge, narrates on X (formerly Twitter) how it was able to fend off a recent hack attempt. It further alerts users to precautionary measures to take to stay safe.

According to a statement posted on X, MyDoge Wallet detected an unauthorized attempt to seize control of its X account by bad actors.

🚨 Attention! 🚨

A hacker was able to post messages on our account using "Delegate Access" which was added during the previous hack and was undetected until now.

We've regained control, removed the bad actor and informed @X of the situation.

Everyone should check the…

MyDoge Wallet reports an incident where a hacker was able to post messages on its X account using "Delegate Access," which was added during the previous hack and remained undetected all the while. After noticing this, it quickly swung into action to remediate the situation.

In good news, MyDoge Wallet announced it had regained control of its X account, removed the bad actor and notified X of the situation. This event has raised alarm bells, prompting users to stay vigilant.

Along these lines, MyDoge Wallet issues an alert to the Dogecoin community as well as the general crypto community as to how to secure their X accounts, urging everyone to check the "Delegate Access" section in their X settings for any suspicious activity.

MyDoge Account Hacked, Mobile App and Wallets Secure

It should be recalled that weeks ago, the official X account of MyDoge was compromised, including those of its CTO, CEO and other key personnel.

Thus, the swift and cautious move by MyDoge Wallet that thwarted this most recent hack attempt remains commendable.

At the time of writing, DOGE was up 0.90% in the last 24 hours to $0.081. Ali, a crypto analyst, reports that the Dogecoin network is experiencing a stunning surge in growth, with new addresses jumping by a whopping 1,100% over the last week.

Dogecoin (DOGE) Shows Epic Dominance in This Network Metric

On Jan. 29, a record-breaking 247,240 new DOGE addresses were created, setting an all-time high. Ali expects that a persistent upward trend in network expansion might soon have a positive impact on DOGE prices.

Tomiwabold is a cryptocurrency analyst and an experienced technical analyst. He pays close attention to cryptocurrency research, conducting comprehensive price analysis and exchanging predictions of estimated market trends. Tomiwabold earned his degree at the University of Lagos.

Dogecoin (DOGE) to Las Vegas? Elon Musk’s X Secures New License in Key U.S. State

In a groundbreaking development, X has achieved a significant milestone by securing a money transmitter license from Nevada regulators. This key licensing designation establishes X as a formidable player in the financial sector, positioning it to facilitate cross-border money transfers akin to industry giants like CashApp and PayPal.

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The approval, granted on Jan. 29, represents a strategic move toward fulfilling Elon Musk's ambitious vision of transforming his recently acquired social media platform, Twitter, into an all-encompassing application capable of handling financial transactions.

Musk, who acquired Twitter in October 2022, envisions X as the ultimate "everything app," and this recent licensing triumph marks a pivotal step toward realizing that objective. X had previously obtained currency transmitter licenses in various American states, including Arkansas, Wyoming, Virginia, Michigan and Pennsylvania.

Last week, X unveiled its Payments account, signaling a strategic foray into the financial sector. Musk's unwavering commitment is evident, paving the way for the anticipated launch of peer-to-peer payments, potentially accessible to the public by mid-2024.

A noteworthy development coincided with the recent surge in Dogecoin's price, aligning with updates on Xpayments' social media page. While Musk dismisses any plans of issuing company tokens, speculation within the crypto community is rife about a possible collaboration between DOGE and X.

Dogecoin (DOGE) Price Goes Green as Elon Musk's Xpayments Nears Launch

The regulatory green light from Nevada solidifies X's growing influence in the financial landscape, marking a significant stride in Elon Musk's journey to redefine the boundaries of financial technology.

The tantalizing question now arises: Could this licensing success pave the way for Dogecoin's integration with X, especially in the vibrant city of Las Vegas?

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.