Crypto
Cryptocurrency prices: Check today’s rates of Bitcoin, Ethereum, Dogecoin, BNB | NewsBytes
Cryptocurrency costs: Examine right this moment’s charges of Bitcoin, Ethereum, Dogecoin, BNB
Aug 19, 2022, 11:02 am
Bitcoin has shed 2.5% over the past 24 hours and is now buying and selling at $22,815.62. It’s 4.7% decrease than the earlier week.
The second hottest token, Ethereum, has dropped 1.4% from yesterday and is buying and selling at $1,821.60. From the earlier week, it’s down 3.2%.
The market capitalization of Bitcoin and Ethereum stands at $436.36 billion and $218.88 billion, respectively.
What’s the standing of different common cryptocurrencies right this moment?
BNB is buying and selling at $292.12, which is 4.7% down from yesterday and has fallen 9.7% since final week.
The present worth of XRP is $0.33, down 2.9% within the final 24 hours. It’s 4.5% decrease in comparison with final week.
Cardano and Dogecoin are buying and selling at $0.44 (down 7.7%) and $0.077 (down 7.2%), respectively.
Solana has declined 10.4% since final week
Solana, Polka Dot, Shiba Inu, and Polygon are presently buying and selling at $38.31 (down 5.9%), $7.84 (down 6.8%), $0.000011 (down 9.5%), and $0.88 (down 6.2%), respectively.
Wanting on the weekly chart, Solana is 10.4% down, whereas Polka Dot has slipped 14.8%.
Within the final seven days, Shiba Inu has gained 9.1% of its worth, whereas Polygon has declined 9.3%.
Try right this moment’s prime 5 gainers
Based mostly on the 24-hourly motion, the highest gainers are Gnosis, Fei USD, USDD, Pax Greenback, and USD Coin. They’re buying and selling at $193.43 (up 9.75%), $0.99 (up 0.15%), $1 (up 0.06%), $1 (up 0.02%), and $1 (up 0.01%), respectively.
How have the favored stablecoins carried out right this moment?
A stablecoin is a cryptocurrency that has little or no volatility. Its worth is linked to a real-world asset akin to fiat forex or gold.
A few of the common tokens, Tether, USD Coin, and Binance, are buying and selling at $1 (flat), $1 (flat), and $1 (down 0.1%), respectively. Terra Basic is listed at $0.000099 (down 2.92%).
Try right this moment’s prime 5 losers
The largest losers of the day are Oasis Community, Lido DAO, Filecoin, Gala, and STEPN. They’re buying and selling at $0.077 (down 13.65%), $2.14 (down 13.44%), $7.09 (down 13.21%), $0.055 (down 10.57%), and $0.88 (down 10.27%), respectively.
Prime cryptocurrency spot exchanges
By way of visitors, liquidity, buying and selling volumes, and belief within the legitimacy of buying and selling volumes, Binance, FTX, and Coinbase Trade are the highest three cryptocurrency spot exchanges.
Within the final 24 hours, Binance and FTX recorded a quantity of $14.63 billion (up 20.43%) and $1.57 billion (up 28.77%), respectively. In the meantime, Coinbase Trade noticed a quantity of $1.76 billion, which is up 19.97% from yesterday.
Check out right this moment’s main DeFi tokens
DeFi or decentralized finance refers to international, peer-to-peer monetary companies on public blockchains.
Dai, Avalanche, Wrapped Bitcoin, Uniswap, and Chainlink are a number of the common DeFi tokens. They’re presently buying and selling at $0.99 (up 0.03%), $23.23 (down 0.31%), $22,810.22 (up 0.06%), $7.29 (up 0.38%), and $7.45 (down 0.57%), respectively.
These are the highest 5 NFT tokens for right this moment
Non-fungible tokens (NFTs) are cryptocurrencies that lack the attribute of fungibility, as a result of which they can’t be exchanged for each other.
Move, ApeCoin, Decentraland, The Sandbox, and Tezos are a number of the outstanding NFT tokens. They’re presently buying and selling at $2.42 (up 0.07%), $5.70 (up 0.14%), $0.88 (down 0.04%), $1.12 (down 0.17%), and $1.69 (down 0.09%), respectively.
Whole cryptocurrency market capitalization
The present international crypto market cap is $1.11 trillion and the entire crypto market quantity over the past 24 hours is $73.77 billion. Each have remained flat over the past day.
Final month, the worldwide crypto market cap was $1.04 trillion, whereas three months again, the entire capitalization stood at $1.23 trillion.
Crypto
New cryptocurrency GBTC hits 5M: What is Green Bitcoin, and why are traders backing it for its upside potential?
With the presale rapidly progressing, the early adopter’s opportunity to get positioned at the lowest price is quickly running thin as the price consistently increases in the unique fundraising design.
Green Bitcoin officially crossed the $5 million fundraising milestone, as traders back the predict-to-earn protocol for considerable gains in the coming weeks. The project has created a unique staking mechanism that allows users to place forecasts on the future price of Bitcoin to earn massive rewards scaled to their level of investment while earning staking rewards simultaneously.Green Bitcoin is being hailed as a greener alternative to Bitcoin. It combines Bitcoin’s legacy with Ethereum’s co-friendly proof-of-stake mechanism. As a result, Green Bitcoin has birthed an ecosystem tied to Bitcoin’s price through price predictions with no environmental impact.
The project intends for its blockchain to experience a high level of activity. Its users will consistently stake $GBTC to participate in the daily price contests and earn massive rewards. The price contests are rooted in the staking system, and the team will release new daily and weekly challenges based on Bitcoin’s price action to keep the content fresh.
What is Green Bitcoin, and how does it reward users for accurate price forecasts?
Green Bitcoin introduces a novel staking ecosystem called Gamified Green Staking. This ecosystem allows users to stake $GBTC tokens to be eligible to place daily price predictions on Bitcoin’s value. Those who accurately place correct forecasts are proportionally rewarded from the daily mining rewards pool, scaled to their level of commitment to the ecosystem.Green Bitcoin pays homage to Bitcoin’s legacy. Its rewards are distributed to winners every ten minutes, in line with the original Bitcoin block schedule. Contestants can claim their accumulated rewards from the protocol once every 24 hours to keep transaction costs low. The team has allocated an enormous 27.5% of the entire $GBTC supply to provide the rewards for accurate predictions for the next two years.
Users must lock their $GBTC into the Gamified Green Staking mechanism and submit their forecast before 11:30 PM EST to participate. At midnight, the smart contract will tally the day’s stakes against the actual price of Bitcoin and reward forecasts that land in the ‘Green Zone.’
As mentioned, the rewards earned depend on the level of investment made and the duration committed to the ecosystem. For example, those who have staked their $GBTC tokens in the Gamified Green Staking mechanism for more than a week are entitled to a 5% bonus on top of their regular daily rewards to recognise their extended commitment.
Those staking their tokens while participating in the daily price contests also earn an APY reward on top of their holdings through daily passive staking. The staking currently provides a 110% APY return, further incentivising users to keep their $GBTC locked into the ecosystem.
Why are traders backing it for huge upside potential?
Traders are quickly flocking to the presale, expecting upside potential for $GBTC due to its supply constraint dynamics.
Influential YouTubers ClayBro and Matthew Perryare backing the project with bullish views. They believe the unique staking system will cause $GBTC to surge following its exchange listing.
Users are required to stake their $GBTC into the ecosystem to participate in the price contests, so the tokens aren’t available for purchase on the open market. As a result, these experts predict that there might be a supply shock on centralised and decentralized exchanges as most $GBTC will be locked into the ecosystem.
Therefore, newcomers to $GBTC will likely be forced to pay higher prices to acquire the token and participate in the predict-to-earn ecosystem following the presale.
Investors are comparing the supply dynamics for Green Bitcoin as very similar to those of Bitcoin itself, which is currently experiencing a pre-halving rally ahead of its block reward cut. Both cryptocurrencies will likely experience massive supply shocks on the open market, causing prices to surge.
How to buy $GBTC today
$GBTC can be purchased at presale prices through the project’s website. Green Bitcoin is utilising the Web3Payments gateway to ensure the safety and security of everybody investing.
- Go to the official $GBTC presale page.
- Fund your wallet with $ETH or $USDT and connect to the Web3Payments widget.
- Use the presale widget to swap your currency for $GBTC, entering the desired amount you wish to purchase.
- If you prefer plastic, order $GBTC tokens to your wallet using your credit/debit card.
Once purchased, your $GBTC will be automatically staked, allowing you to start earning a return on your investment throughout the presale stage. You can claim your $GBTC through the same portal when the token officially launches.
Overall, it’s unsurprising to see investors rushing to the $GBTC project, which, with its unique staking dynamics, is about to cause a supply shock on the open market, leading to much higher prices following the presale.
Buy $GBTC today.
Disclaimer: The above content is non-editorial, and TIL hereby disclaims any and all warranties, expressed or implied, relating to the same. TIL does not guarantee, vouch for or necessarily endorse any of the above content, nor is it responsible for them in any manner whatsoever. The article does not constitute investment advice. Please take all steps necessary to ascertain that any information and content provided is correct, updated and verified.
Crypto
Grab users can now pay using cryptocurrency
Grab users can now pay in cryptocurrency following a partnership between the tech company and licensed payments provider Triple-A.
Under the partnership, Grab users can top up their GrabPay wallet via digital payment tokens, said a Grab spokesperson when MARKETING-INTERACTIVE reached out.
In addition, the new feature provides users with added flexibility and convenience as it allows them to convert their digital assets, such as stablecoins, into usable funds in their GrabPay wallets.
Don’t miss: Grab tests new feature pairing female drivers with female passengers
Some cryptocurrencies users can make payments with include Bitcoin, XSGD, Ethereum, USDC and USDT.
By expanding the top-up options to include digital payment tokens, Grab can now provide users with a seamless and efficient way to access the company’s wide range of services.
The feature is currently only available in Singapore. That said, Grab will continue to monitor user adoption and respond to demand for such services, it said.
This isn’t Grab’s first partnership with Triple A. In 2021, Triple A partnered with Grab to allow users to buy digital currencies via GrabPay through TransCrypt.
“Grab recognises the growing interest in digital currencies, and our partnership with Triple-A demonstrates our openness to thoughtful collaborations in this space,” said Wong Wenbin, head of GrabPay, Grab Financial Group Singapore in 2021.
“Working with players such as Triple-A who are recognised by the regulator also affirms our commitment to widen our offerings for our users in a safe and measured way.”
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Crypto
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