/EIN Information/ — NEW YORK, NY, Sept. 13, 2022 (GLOBE NEWSWIRE) — Decanect, a decentralized platform for educating and connecting cryptocurrency fanatics, launched on Sept twelfth with a totally KYC vetted crew. The platform gives a gamified, and rewarding instructional expertise.
As a part of its mission to change into the usual of crypto training for college kids and educators of all ranges, Decanect is eradicating the largest boundaries for newcomers to the crypto area to make it extra accessible to create communities the place individuals can join, study and evolve collectively.
Whereas speaking in regards to the want for Decanect, the mission mentioned, “It is not uncommon for individuals to lack a fundamental understanding of each why crypto is so influential and the way it can contribute to a broader influence and utility in addition to asset buying and selling. Blockchain expertise can’t resolve each drawback. We’re nonetheless within the infancy of the person expertise.”
Decanect addresses this drawback by offering customers with programs, classes, and quizzes masking subjects from web3 pockets creation to contract deployment and even coding a dApp. After finishing every lesson, programs may also embody movies with deeper dives into subjects and quizzes.
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Together with educating customers, Decanect gives a platform for connecting with and evolving a blockchain group of newbies and specialists. Utilizing this platform, customers can talk with each other, join with individuals who share comparable pursuits, share and focus on concepts, and plenty of different blockchain subjects.
The platform’s response to the way it will take this a step additional is to make the information sensible with Decanect Expertise and permit members to expertise particular blockchain services and products firsthand. As a part of its utility, Decanect features a phase that helps its members develop, deploy, and entry numerous decentralized apps. As well as, the reside programs provided by Decanect on Metaverse additionally permit members to work together and study collectively in an entire new world.
Customers can earn numerous kinds of factors with Decanect. Firstly, there are Deca Factors, valued at $0.01c every, and might be transformed into crypto with a cap of 5000 Decas ($50). Decanect additionally gives Node Factors, that are non-expendable. Lastly, Kudo factors might be adopted by NFT factors, with every Kudo level price $1, permitting customers to transform them to cryptocurrency.
Tokenomics and Distribution
When it comes to tokenomics, Decanect has a complete provide of 10 million tokens, which is additional divided within the following methods:
Locked Liquidity: Liquidity has been locked for 12 months
Following the tip of part 2 of the pre-sale on tenth September, the coin was launched on twelfth September.
Moreover, potential traders and crypto fanatics serious about studying extra about Decanect Coin or becoming a member of the Academic Platform can go to the mission’s official web site, or learn the whitepaper.
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About Decanect
Decanect is a platform for gamified and rewarding studying experiences to set the bar for crypto training for learners and lecturers throughout all fields. The platform additionally continues to construct and provide first-class blockchain materials and assist with the power and have to acquire free info from essentially the most credible sources.
Web site | Telegram | Twitter | Medium | YouTube
References:
Audit by TechRate: https://github.com/TechRate/Good-Contract-Audits/blob/primary/September_2022/Decanect.pdf
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KYC by SolidProof: https://github.com/solidproof/initiatives/tree/primary/Decanect
The data supplied on this launch is just not funding recommendation, monetary recommendation or buying and selling recommendation. It is strongly recommended that you just apply due diligence (together with session with knowledgeable monetary advisor) earlier than investing or buying and selling securities and cryptocurrency.
Zach Routh
(CFO)
Decanect Coin
zach at decanect.com
Bitcoin prices hovered around $98,608 on Saturday on international exchanges, buoyed by the euphoria over Donald Trump-led Republican party reclaiming the White House. With its total market cap touching more than two trillion dollars, the oldest cryptocurrency has witnessed a spike of 51 per cent in the past one month.
There is hope that the Donald Trump-led US administration will adopt crypto-friendly policies when it takes over in January next year for its second term. The rally got further impetus when BlackRock’s spot Bitcoin ETF options were listed on Nasdaq on Tuesday.
Indian crypto industry insiders are naturally upbeat about this rally. Balaji Srihari, Business Head of CoinSwitch, says, “Bitcoin surged to an all-time high, signalling that the much-anticipated $100,000 milestone could be within reach- many analysts predict that this mark could be achieved as early as the end of November. Since the recent US election, Bitcoin has been consistently setting new records, encouraged by expectations of a more supportive regulatory framework and a potential national Bitcoin reserve; that can legitimise Bitcoin as a government-backed asset. BlackRock’s Bitcoin ETF debuting options trading on Nasdaq is a big sign of increasing crypto adoption.”
Apart from bitcoin, other crypto tokens too have witnessed a surge. XRP, for instance, has surged 188 per cent in the past one month, and 37 per cent in the past five days alone. Ether trades at $3,354 and BNB trades at $665 on Saturday, according to Coinmarketcap data.
Shivam Thakral, CEO of BuyUcoin, says, “In the last 24 hours, Bitcoin reached a record high of $99,000. XRP led the charge with a remarkable 25 per cent increase, driven by renewed optimism surrounding a more crypto-friendly regulatory environment in the US. It is anticipated that Donald Trump’s win in the election will drive the implementation of crypto-friendly policies, which will, in turn, enhance market sentiment. As trading volumes rise and hopes for ETF approvals increase, the future looks extremely positive for XRP and the wider cryptocurrency market as we near the end of the year.”
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Vishal Sacheendran, Head of Regional Markets at Binance, says, “Bitcoin’s rally, fuelled in part by the optimism surrounding Donald Trump’s re-election, represents a transformative moment for the crypto and Web3 space. His administration’s support for digital assets could lead to more progressive regulations, fostering an environment conducive to greater institutional and retail investment in the sector. I believe that the broader crypto ecosystem could benefit from policies that promote blockchain infrastructure, and provide a better route for financial institutions to engage with crypto.”
Caution needed
Despite all the positive factors, crypto experts believe that investors should stay cautious and not get too carried away. It is common knowledge that bull runs are often followed by steep corrections. So, one should be cautious before getting too elated. “Amid the excitement, traders should stay cautious. Big price jumps often lead to sharp corrections, and using too much leverage could amplify risks during volatile periods,” says Srihari from Coinswitch.
“It is also important to note that in a bull market like this, investors should also remain mindful, conduct thorough research, and not make investment decisions solely based on market sentiment or hype,” adds Sacheendran of Binance.
Cryptocurrency Prices Today, November 23: The broader market movement on Saturday sparked bullish momentum globally. Bitcoin remains steady at $98K, while major altcoins like ADA, XRP, and AVAX surged between 14% and 25%. Notably, Hedera (HBAR) and Stellar (XLM) emerged as top performers, registering jumps of 25% to 55% in the last 24 hours.
Simultaneously, the global crypto market cap witnessed a 1.5% increase in the past 24 hours, currently at $3.33 trillion. However, the total market volume declined by 12% from yesterday and is now at $219 billion. Let’s dive into a brief report on the top cryptocurrencies by market cap and their price movements on November 23.
Cryptocurrency Prices Today: BTC Holds Steady, ETH & SOL Unchanged, XRP Soars 15%
Bitcoin (BTC) remains stable at $98K, holding its position for the past 24 hours. Similarly, Ethereum (ETH) and Solana (SOL) have shown no significant movement during this period. However, XRP has surged by 14%, leading the gainers. Among the top meme coins, Dogecoin and Shiba Inu have also witnessed a 9% increase in the last 24 hours, reflecting positive momentum in the cryptocurrency prices today.
Bitcoin Price Today
BTC price chart appears steady, currently trading at $98,550. Its intraday low and high are $97,222 and $99,655, respectively. Bitcoin’s market cap is $1.95 trillion, with a 24-hour trading volume of $76 billion.
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According to Sosovalue data, 22.85 million BTC flowed out of 12 BTC ETFs. However, BlackRock’s IBIT data is still awaited. With a dominance of 58.59%, Bitcoin remains the largest cryptocurrency by market cap.
Ethereum Price Today
Ethereum (ETH) remains unchanged, currently trading at $3,333. Its 24-hour low and high are $3,262 and $3,428, respectively, showing minimal price movement. ETH has gained 7% over the past week, indicating positive short-term performance. With a market cap of $400 billion, ETH remains strong in the market.
The 24-hour trading volume for Ethereum is $38 billion, and it commands a market dominance of 12%. ETH ETFs saw an outflow of 8.47 million, and BlackRock’s IBIT data is yet to be released, which may further influence the market.
Solana Price Today
Solana (SOL) is down by 2% in the last 24 hours, currently trading at $255. Its 24-hour low and high are $252 and $263, respectively, showing slight fluctuations. Over the past week, SOL has risen by 17.5%, reflecting strong growth. With a market cap of $121 billion and a 24-hour trading volume of $7 billion, Solana remains the fourth-largest cryptocurrency globally.
XRP Price Today
XRP price has jumped by 15% in the last 24 hours, currently trading at $1.566. Its 24-hour low and high are $1.367 and $1.621, respectively, showing strong volatility. XRP has surged by 75% in the past week and 200% in the last 30 days, reflecting impressive growth. With a market cap of $89 billion and a trading volume of $20 billion, XRP is now the sixth-largest cryptocurrency by market cap.
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Meme Coins Performance Today
Dogecoin (DOGE) has increased by 9% and is currently trading at $0.42. Its 24-hour low and high are $0.3858 and $0.4296, respectively, showing solid market movement.
Similarly, Shiba Inu (SHIB) is also up by 9%, trading at $0.00002698. Its 24-hour low and high are $0.00002437 and $0.00002749, respectively, reflecting positive momentum.
On the other hand, other meme coins like PEPE, BONK, and WIF have experienced declines of 2% to 8% in the past 24 hours. These drops indicate some volatility in the meme coin sector.
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Top Cryptocurrency Gainer Prices Today
Stellar
Stellar (XLM) price is currently trading at $0.44, marking an impressive 55% increase in the last 24 hours. Its 24-hour low and high are $0.2766 and $0.4624, respectively, reflecting significant volatility and strong market momentum.
Hedera
Hedera (HBAR) is currently trading at $0.1542, up by 25% in the last 24 hours. Its 24-hour low and high are $0.1275 and $0.1681, respectively, showing strong price fluctuations and growth.
Cardano
Cardano (ADA) price is up by 24% and is currently trading at $1.09. Its 24-hour low and high are $0.85 and $1.137, respectively, reflecting significant movement, and it is the ninth-largest cryptocurrency by market cap.
Top Cryptocurrency Loser Prices Today
Peanut the Squirrel
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Peanut the Squirrel (PNUT) is down by 13% in the last 24 hours and is currently trading at $1.11. Its 24-hour low and high are $1.04 and $1.31, respectively, indicating a decline in its price.
Popcat (SOL)
Popcat (POPCAT) is down by 9% and is currently trading at $1.43. Its 24-hour low and high are $1.415 and $1.612, respectively, showing a decline in price over the past day.
Raydium
Raydium (RAY) is down by 8% in the last 24 hours and is currently trading at $5.98. Its 24-hour low and high are $5.913 and $6.432, respectively, indicating a decrease in price during this period.
Besides, the hourly time frame chart continues to spark bullish momentum for cryptocurrency prices today. BTC is up by 0.4%, ETH is up by 0.5%, and Dogecoin has risen by 4%, sparking discussions among traders and investors about future price movements.
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Coingape Staff
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Cryptocurrency markets are trading higher, with Bitcoin hovering around $100,000 and Jim Cramer suggesting it is “a winner.”
Cryptocurrency
Price
Gains +/-
Bitcoin BTC/USD
$99,254.71
+0.88%
EthereumETH/USD
$3,281.28
-2.1%
SolanaSOL/USD
$253.09
-0.8%
Dogecoin DOGE/USD
$0.3987
+3.7%
Shiba InuSHIB/USD
$0.00002463
+0.3%
Notable Statistics:
IntoTheBlock data shows large transaction volume increasing by 47.5% and daily active addresses growing by 27.2%. Transactions greater than $100,000 are up from 13,321 to 18,859 in a single day. Exchanges netflows are down by 4.5%.
Coinglass data reports 113,608 traders were liquidated in the past 24 hours for $340.73 million. Open interest continues to stand at peak levels, $64 billion.
Polymarket data shows there is a 60% chance of Bitcoin touching $100,000 today and an 89% probability of it happening this month.
Notable Developments:
Top Gainers:
Cryptocurrency
Price
Gains +/-
StellarXLM/USD
$0.3194
+28.2%
XRPXRP/USD
$1.42
+20.6%
CardanoADA/USD
$0.9647
+19.9%
Trader Notes: Bitcoin nearing $100,000 sparked mixed sentiments among traders.
Altcoin Sherpa quipped “See you guys at $60,000” when Bitcoin failed to break through the psychological barrier.
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Crypto trader Seth highlights a “thick and sticky sell wall” as the obstacle.
Dogecoin founder Billy Markus stated, “maybe bitcoin will become a $99,000 stablecoin.”
Quinten Francois remains optimistic, stating the Bitcoin bull market has “just started.”
Daan Crypto Trades explained that traders are preemptively shifting from altcoins to Bitcoin as it edges closer to the $100,000 milestone.
He predicts a breakout, followed by consolidation could lead to altcoin rebounds. Until then, Bitcoin is expected to continue absorbing liquidity.
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