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Investing.com - EOS was trading at $2.3230 by 01:25 (05:25 GMT) on the Investing.com Index on Monday, down 10.06% on the...
04/18/2022

Investing.com - EOS was trading at $2.3230 by 01:25 (05:25 GMT) on the Investing.com Index on Monday, down 10.06% on the day. It was the largest one-day percentage loss since April 6.

The move downwards pushed EOS's market cap down to $2.2970B, or 0.13% of the total cryptocurrency market cap. At its highest, EOS's market cap was $17.5290B.

EOS had traded in a range of $2.3081 to $2.4390 in the previous twenty-four hours.

Over the past seven days, EOS has seen a stagnation in value, as it only moved 0.46%. The volume of EOS traded in the twenty-four hours to time of writing was $746.6540M or 1.09% of the total volume of all cryptocurrencies. It has traded in a range of $2.1557 to $2.6683 in the past 7 days.

At its current price, EOS is still down 89.89% from its all-time high of $22.98 set on April 29, 2018.

Elsewhere in cryptocurrency trading
Bitcoin was last at $38,910.0 on the Investing.com Index, down 3.66% on the day.

Ethereum was trading at $2,920.60 on the Investing.com Index, a loss of 4.00%.

Bitcoin's market cap was last at $738.8629B or 40.93% of the total cryptocurrency market cap, while Ethereum's market cap totaled $351.5709B or 19.48% of the total cryptocurrency market value.

Splinterlands, one of the most popular play-to-earn (P2E) games, has announced that it will be switching over to decentr...
04/15/2022

Splinterlands, one of the most popular play-to-earn (P2E) games, has announced that it will be switching over to decentralized Splintershards (SPS) validator nodes. The mainnet launch of the SPS Validator node software is expected to roll out during the third or fourth quarter of 2022.

The SPS validator software will be fully open-source, enabling anyone to download, install, and run it without any extra costs or restrictions, however, the node licenses will require SPS payment to obtain. It will be initially released as a “docker container” that can be operated on Linux machines, with versions for Windows and MacOS to follow soon. Additionally, running the SPS validator node will only require minimal hardware.

The SPS governance mechanism will use the DPoS (Delegated Proof of Stake) consensus model, similar to other leading networks like Binance Smart Chain, EOS, and Hive. As a result, any account with staked SPS tokens will be eligible for voting for accounts running validator nodes to elect further users or entities responsible for validating all SPS transactions and managing the SPS foundation funds. In essence, the more staked SPS backing a particular validator, the more blocks they will be assigned, and the higher their rewards.

However, in the aforementioned process, only a small number of accounts can obtain the majority of the votes, and therefore the majority of the rewards. To solve this, the Splinterlands team will be offering “licenses,” enabling all users to earn rewards for running nodes without needing to have any staked SPS votes. These SPS licenses can be purchased via a combination of SPS tokens and VOUCHER tokens. Furthermore, 80% of the SPS tokens and 100% of the VOUCHER tokens spent on acquiring node licenses will be burned. The remaining 20% of the SPS tokens will be redirected to the SPS Foundation and will be used to incentivize SPS validator nodes once the 3 billion SPS token cap is reached.

Splinterlands will roll out a total of 60,000 licenses in multiple phases, where the price of licenses will keep increasing after each phase. These licenses will be NFTs (non-fungible tokens) that can be bought, sold, and traded across secondary marketplaces. Additionally, users can utilize multiple SPS licenses with a single SPS validator node. Therefore, even if users purchase multiple licenses, they only need to run the validator software once to earn the rewards for all of their licenses

"This is a major step towards our goal of Splinterlands operating as a completely decentralized game that the players own and control through their SPS." - Aggroed Reich, CEO of Splinterlands

Dogecoin is expected to hit its $0.17 price value.The coin reached a $0.17 hike on April 5, 2022.DOGE had its all-time h...
04/15/2022

Dogecoin is expected to hit its $0.17 price value.
The coin reached a $0.17 hike on April 5, 2022.
DOGE had its all-time high in May 2021.
Dogecoin, the meme coin which is Elon Musk’s favorite crypto, indicates signs of an expected surge in the near future. The coin might spike to its $0.17 price value, which happened on April 5, 2022.

At the time of writing, DOGE is trading at a price of $0.14, with a market cap of nearly $19 million. It has spiked with 1.68% growth in the past 24 hours. Also, it leads in the 11th position among the top 20 cryptocurrencies by market cap. Specifically, the global market cap hangs around $1.88 trillion, with a 2.03% decrease over the last day.

DOGE/USDT 1-day chart (source: TradingView)

Furthermore, DOGE had a strong bear push downwards on February 24, 2022, which signaled a ‘hammer candle pattern’. Contrary to this stage, the coin reached $0.17 on April 5. The significant question here is if DOGE will reach back to this surge soon.

While peeking into the past, the price of Dogecoin on June 5, 2019, showed a $0.0046 hike; it then signaled a red flag until it soared to $0.0049 on February 9, 2020. However, there had been slight surges and dips in during the months in between.

Notably, DOGE secured its all-time high (All-Time High) of $0.74 in May 2021. This value hike occurred prior to Elon Musk’s SNL appearance in May 2021. But its price plunged during his live session as Elon jokingly called it a ‘hustle’.

Since its ATH, DOGE price has moved down by 85%. Moreso, the coin showed three distinctive lower lows and lower highs from September 2021 to March 23, 2022. The trend lines passing through this specific time period depict a falling wedge pattern.

Essentially, the upward trend of DOGE since April 12 continues to climb the stairs till now. If this trend continues to surge, DOGE is expected to reach its $0.17 price value.

Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.

Token||Traxx raised $7M total funds.It was backed by New Zealand Funds and Syzygy Investment Advisory Ltd.This deal prov...
04/15/2022

Token||Traxx raised $7M total funds.
It was backed by New Zealand Funds and Syzygy Investment Advisory Ltd.
This deal proves to be the first major global pension fund-backed NFT-based project.
Token||Traxx has secured $5M of initial launch support from New Zealand Funds and Syzygy Investment Advisory Ltd., bringing funds raised to a total of $7M.

In a landmark deal, this promises to be the first time a major global pension fund has backed a Non-Fungible Token (NFT) based project. Token||Traxx is a new marketplace that redefines and enhances the value of music, by supporting and financially benefiting the entire music community using NFT technology.

The facility was enabled by Syzygy Investment Advisory Limited, and serial entrepreneur Max Kantelia. Kantelia is also co-founder of public blockchain Zilliqa, as well as co-founder of the Zil metaverse Metapolis, declaring his involvement with Token||Traxx after he and Zilliqa announced a $1.1M partnership last year.

“These projects are not just new business models, but new economies with new structures of commerce, dynamic revenue models, social structures, governance, and participation from the community as stakeholders in the ecosystem. These are all attributes that play towards a macro thematic investment view,” said William Callanan, Founder of Syzygy.

James Grigor, Chief Investment Officer of NZ Funds added:

One of our key missions is to support the emergence of new models within the digital economy. Because our global investment portfolio has a long investment horizon, we’re able to focus on businesses that provide strong growth potential, as well as diversification opportunities for our clients. Token||Traxx brings both, so we’re delighted to be their long-term partners, and to assist where we can in growing this exciting new market.
Founded in 1988, NZ Funds has over $2B of retail funds under management. It also has a history of supporting the digital asset economy. NZ Funds was one of the first pension fund managers in the world to invest in Bitcoin and Ethereum.

Along with Syzygy, NZ Funds is a significant shareholder in Galaxy Digital (a listed technology-driven financial services and investment management firm), which provides institutions and direct clients with a full suite of financial solutions spanning the digital assets ecosystem.

Token||Traxx has secured a total of $7M in partnership support over the course of the last year from other players including Cosimo Ventures and the Akasha Innovation Hub. Paul Taylor, co-founder, and CEO of Token||Traxx summarized, “It is an honor to be backed by such eminent partners in the financial sector who see the potential growth in a new economy, where value can be created, and everyone is a stakeholder.

“It is about making everything inclusive. This support will now allow us to deliver on our potential to make the music industry a fair, yet robust playing field for those who create, curate, and collect music.”

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