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Bear Trend Begins To Take Hold In Bitcoin For First Time Since October 2020

Bitcoin price has now pulled back a full $13,000 from 2021 high to low. Yesterday’s massive bearish, red candle is one obvious sign that the trend is turning. However, a technical analysis tool used to gauge the strength of trends also confirms that bears have taken over the reigns from bulls and it could lead […]

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Bitcoin price has now pulled back a full $13,000 from 2021 high to low. Yesterday’s massive bearish, red candle is one obvious sign that the trend is turning. However, a technical analysis tool used to gauge the strength of trends also confirms that bears have taken over the reigns from bulls and it could lead to a short-term downtrend.

Bitcoin Bears Regain The Upper Hand, Reclaim Crypto For First Time Since October

Bitcoin is undeniably in an uptrend, and according to comparisons with past market cycles, things are only just getting warmed up.

But that doesn’t mean that the higher timeframe trend can’t be up, while the shorter-timeframe intraday trends heads down – or that price action across days and weeks can’t temporarily turn bearish.

Related Reading | Career Trader Subtly Hints Of Bitcoin Parabola Breakdown With Fractal Diagram

That’s exactly what has happened recently, with the top cryptocurrency shaving as much as $13,000 off its price from high to low. Yesterday’s daily close left behind an extremely bearish candle and reminder that asset prices don’t only move up in a straight line.

The recent parabola might have been broken, which could suggest a sharper correction is coming. Some of the best traders and analysts are expecting more downside before things turn back up.

bitcoin bear trend daily adx

The Average Directional Index and DMI show bears have taken over daily timeframes | Source: BTCUSD on TradingView.com

The Average Directional Index confirms the bearish price action. The red DMI moving so sharply above the green is a clear sign that bears are now in control of the cryptocurrency’s daily trend once again.

The ADX itself is still well below 20, so the trend hasn’t yet fully taken hold. What’s notable is that this is the first time bears have reclaimed Bitcoin since October when FOMO spun out of control.


Trend Strength Measuring Tool Shows Bulls Aren’t Down For The Count Just Yet

The ADX is used to gauge the strength of the underlying trend, and like most tools, higher timeframes provide the most dominant signals.

Bears have won on the daily, but on weekly timeframes, however, the same tool shows that bears don’t really have a chance, and any downward momentum will be short-lived before bulls regain control.

bitcoin bear trend weekly adx

The Average Directional Index and DMI show bears have taken over daily timeframes | Source: BTCUSD on TradingView.com

Oftentimes, corrections in assets are healthy, confirm resistance as support, and reignite buying interest by reaching more attractive price levels.

Related Reading | The Striking Similarities Between The 2017 Bitcoin Peak And Now

Could the pullback be exactly what Bitcoin needs to refuel and rocket higher? Or are there simply too many similarities shared with the 2017 peak to ignore the potential of a longer downtrend in the weeks ahead?

Featured image from Deposit Photos, Charts from TradingView.com

Source: https://www.newsbtc.com/analysis/btc/bear-trend-begins-to-take-hold-in-bitcoin-for-first-time-since-october-2020/

Blockchain

PancakeSwap Review: Leading AMM on Binance Smart Chain

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PancakeSwap is a fairly new decentralized exchange (DEX) that’s been created on the Binance Smart Chain (BSC). The automated market maker (AMM) offers users a number of innovative ways to create income streams from their cryptocurrencies. In the following review we’ll go into more detail about what makes the PancakeSwap exchange work, and how you might be able to benefit from it yourself.

What is PancakeSwap?

Launched on September 20, 2020 PancakeSwap is a DEX on the BSC using permissionless liquidity pools that are automated and run completely by algorithms. This use of algorithms to run the pools makes PancakeSwap an automated market maker.

Pancake Swap Overview

Delicious DeFi at PancakeSwap. Image via Pancakeswap.finance

Why the name PancakeSwap? Well it is simply following the trend in decentralized finance that uses food tokens. First there was SushiSwap, then BakerySwap, and now we have PancakeSwap. There are many other food-themed projects and tokens in the DeFi space too.

As for PancakeSwap they use the deliciously named CAKE token, which is a BEP-20 token on the BSC, and the just as deliciously named SYRUP pools. The PancakeSwap exchange boasts fast transactions and lower fees than the DeFi projects built on Ethereum. As the number one AMM platform on the BSC PancakeSwap can be considered in the same league as the ERC-20 based AMM’s like SushiSwap and Uniswap.

If you haven’t used an AMM yet they are exchanges that allow users to trade digital assets against liquidity pools and collect yields. This is more like a dividend bearing stock or a bond than a traditional exchange where an order book matches buyers and sellers and profits are only made by selling your assets. In the AMM a user loans their digital assets to liquidity pools and in return they receive liquidity tokens that they can then stake to earn more digital assets.

What can you do on PancakeSwap?

As you might already be guessing based on the explanation above, PancakeSwap allows users to exchange BEP-20 tokens. It also allows them to use their cryptocurrencies to provide liquidity for the exchange pools, and thus earn additional tokens. It’s also possible to stake tokens on PancakeSwap and earn more tokens from that method.

PancakeSwap Features

There are loads of things you can do at PancakeSwap. Image via Pancakeswap.finance

PancakeSwap allows for all the following:

  • Trade BEP20 tokens
  • Provide liquidity to the exchange and earn fees
  • Stake your LP (liquidity provider) tokens to earn CAKE token
  • Stake CAKE to earn more CAKE
  • Stake CAKE to earn tokens of other projects

PancakeSwap Advantages

There are some obvious advantages to PancakeSwap, and then there are the behind-the-scenes advantages that aren’t as well known, but are no less important for that.

PancakeSwap AMM

Pancake Swap has loads of advantages that are even better than pancakes. Image via Pancakeswap.finance

Let’s look at these advantages:

Earn more Tokens

PancakeSwap, like many DEXs, has its own native token called CAKE. Users can stake CAKE or use it in the SYRUP pools of PancakeSwap in order to earn more CAKE tokens, or even tokens of other projects built on the Binance Smart Chain such as DODO, UST (Terra USD), or LINA (Linear Finance) just to name a few. There are currently 16 pools listed and more are added all the time.

Low Fees and Fast Transactions

One of the growing complaints about projects built on Ethereum are the high fees and slow transactions from the network. PancakeSwap doesn’t use the Ethereum network though, it uses the BSC network and BEP-20 tokens. As a result the fees paid are much lower, typically ranging from $0.04 to $0.20, and transactions take less than 5 seconds on average. Compare that with Ethereum, where fees have been above $20 for much of 2021 and transactions take up to 5 minutes to confirm.

No KYC Requirement

Every centralized exchange we know about follows the requirements for Know Your Customer and Anti-Money laundering (KYC/AML) which removes users’ privacies by requiring them to provide extensive documentation to prove their identity.

As a decentralized exchange under no regulatory authority users are able to transact with privacy at PancakeSwap. Anyone anywhere in the world is able to trade in the hundreds of assets available at PancakeSwap with over $600 billion in liquidity.

Audited and Secured

PancakeSwap has gone through the time and expense of receiving an audit from the cyber-security firm CertiK.

CertiK Audit

Code is audited and secured by CertiK. Image via Certik.org.

It has also integrated with CertiK to receive all the following protections:

  • Security Oracle
  • CertiK Shield
  • DeepSEA
  • The CertiK Virtual Machine

Trading on PancakeSwap

The majority of CAKE tokens are traded on PancakeSwap as you might imagine. However there is also a decent level of trading volume in CAKE tokens on Binance, and you can even buy them directly on Binance and then transfer them to a wallet that supports CAKE and BEP-20 assets in order to stake your CAKE tokens at PancakeSwap.

PancakeSwap Trading

Nearly $1 billion in daily trade volume. Image via Pancakeswap.info

If you don’t have a Binance account you can easily open one by clicking on this link

PancakeSwap Fees

If you’re familiar with other AMM’s like Uniswap and Sushiswap you’ll recognize the system whereby users provide liquidity to pools and receive LP (liquidity provider) tokens in exchange.

These LP tokens give holders the right to collect a portion of the trading fees generated on the platform. The trading fee at PancakeSwap is a low 0.2%, with 0.17% going to the liquidity providers and the remaining 0.03% going to the PancakeSwap Treasury, where they are burnt to keep supply lower.

PancakeSwap Supported Wallets

PancakeSwap has support for a number of popular wallets, including Trust Wallet, TokenPocket, WalletConnect, MathWallet, and MetaMask. While MetaMask is an ERC-20 wallet it is also able to store BEP-20 assets when set up properly. Binance provides instructions on how to do this here.

CAKE Token Distribution

CAKE tokens can be bought or earned as a liquidity provider and through staking CAKE tokens. The current emission rate for CAKE tokens is as follows:

Emission rate

Reward per block — 40 CAKE, however 15 CAKE per block are burned, making the effective reward per block 15 CAKE.

Daily emission (Based on 30k blocks per day) — 1.2 million CAKE, but with 450,000 per day burned the effective daily emission is 750,000 CAKE per day.

CAKE Emission Pancake Swap

A large percentage of CAKE tokens are burned. Image via Pancakeswap Docs.

Distribution

  • Farmers — 60% of the rewards per block (15 CAKE)
  • CAKE holders — 40% of the rewards per block (10 CAKE)
  • Farmers daily — 450,000 CAKE (based on 30k blocks per day)
  • CAKE holders daily — 300,000 CAKE (based on 30k blocks per day)

There are additional deflationary measures currently in place as follows:

  • 09% of CAKE harvested from farms is sent to the dev address, then burned
  • 10% of CAKE spent on lottery tickets is burned
  • 100% of CAKE raised in IFOs is burned

All of these rates are subject to change in the future through governance proposals. Any CAKE holder is able to participate in governance of PancakeSwap by voting on existing proposals or creating their own proposals.

How to stake CAKE?

In order to stake some CAKE tokens you first need to buy some CAKE tokens along with some BNB and transfer them both to a wallet that’s supported by PancakeSwap. The BNB can be transferred to your BEP-20 BSC address for paying your transaction fees.

To begin staking CAKE you first need to connect a wallet to PancakeSwap. Once that’s done you can go to the “Pools” tab on the left side of the PancakeSwap site. That will present you with the available pools where you are able to stake your CAKE and earn more CAKE or other BEP-20 tokens.

Stake CAKE

Stake CAKE to earn more CAKE. Image via Pancakeswap.finance

One of the excellent features is the low transaction fees you’ll enjoy working with the BSC, which means you won’t have to second guess each and every transfer to decide if it’s worth paying the transaction fee. On the Binance Smart Chain you won’t even think about the small fees for each transaction.

Using PancakeSwap

Using PancakeSwap isn’t difficult once you understand what’s going on in each areas of the site. When you first visit the website it can be difficult to get a handle on what’s happening, but that’s because many of the features remain locked until you connect a wallet and unlock it.

Once that’s taken care of you’ll see loads of additional information that was missing before you had an unlocked wallet connected to the site. You’ll see all the different returns offered in the various farms and pools and you’ll have the chance to add liquidity and to stake tokens yourself.

Adding liquidity

If you’ve experienced using an AMM you know how this works. It’s not really difficult, but we know some people balk just because they aren’t familiar with the process. So, the first step to take when using PancakeSwap is to add liquidity to the exchange.

Add Liquidity

It all begins with adding liquidity. Image via Pancakeswap.finance

Find “Trade” in the left sidebar and click it to drop down the menu. Next click on “Liquidity” and then click “Add Liquidity”. Next you’ll select the token pair you’re interested in depositing to provide liquidity. You have to choose each side of the pair, and if it is a completely new pair the ratio of tokens you provide will set the price for the pool. It’s also important that before you begin the process of adding liquidity you understand the risks of impermanent loss

Farming

This is where the magic begins and I’m sure this is why so many of you reading this are interested in PancakeSwap. The yields available from farming are simply mindblowing, whether compared to traditional bank interest rates or not.

Farming Yields

Some of the mindblowing yields for farming. Image via Pancakesawp.finance.

So you have some LP tokens from the previous step and now it’s time to stake them and earn yourself some CAKE. First thing you’ll need to do is navigate to the “Farms” tab in the left sidebar. Next you want to select the option that matches your LP tokens.

You’ll see that there are a number of ways to earn yield on PancakeSwap. As of late February 2021 there are 69 different liquidity pools where you can stake and earn yields that range from 23.52% to 378.19% APY for supplying the pools with liquidity.

When you supply liquidity to the pools you’ll be required to approve moving the tokens to the pool. Your approval is what allows the smart contract to withdraw the tokens on your behalf. When you connect your wallet you’ll have the chance to stake your LP tokens by clicking to Approve Contract. When you do click the button you’ll see a popup asking you to confirm the transaction and informing you of how much the fee will be for this transaction.

At that point select the amount you’d like to stake and confirm it. Once staked you can leave the page and any time you come back you’ll be able to see how much CAKE you’ve earned. You can click Harvest at anytime to harvest your rewards and move them to your wallet.

Just to give you an idea here are just some of the pools available for farming:

  • CAKE-BNB LP
  • SUSHI-ETH LP
  • DODO-BNB LP
  • SWINGBY-BNB LP
  • BRY-BNB LP
  • ZEE-BNB LP
  • LTC-BNB LP
  • DAI-BUSD LP

All of the rewards from the LP are in CAKE tokens. You can also use CAKE for governance votes, it can be staked and earn more CAKE or other coins, or it can used to participate in a deflationary lottery at PancakeSwap. It is very important that you understand how these AMM pools work, and the arbitrage opportunities provided.

It’s also important that you understand that the LPs are being at risk of impermanent loss in some circumstances. This can be exceptionally risky when pooling un-correlated assets and have high volatility, so it is essential to understand the risks associated.

Syrup Pools

Syrup pools sound sticky and they are a sticky new way to earn CAKE. Image via Pancakeswap.finance.

In addition to using the LP tokens to farm yield, the CAKE tokens can be staked in SYRUP pools that are yielding 43.33% to 275.12% APY at the time of writing. You can also use these SYRUP pools to earn in other coins when you stake CAKE. For example you can earn UST, LINA, SWINGBY and many other tokens. You can even add your own token if you like.

Lottery

As mentioned above there is a deflationary lottery held at PancakeSwap and anyone with 10 or more CAKE can participate.

Each lottery session lasts for 6 hours, so there are 4 lotteries daily. Each ticket for the lottery costs 10 CAKE and gives the buyer a random combination of four digits, each ranging from 1 to 14. For example you might get 14 – 8 – 4 – 1 as your four numbers. To win the jackpot, which is half the lottery pool, your four numbers need to match the four numbers in the winning ticket, including the position of the numbers. So in the example given you would only win of the winning ticket was 14 – 8 – 4 – 1. If it was something like 14 – 8 – 1 – 4 you would lose because the numbers aren’t in the same order.

Pancake Swap Lottery

It’s not MEGA-Millions, it’s the Pancake lottery. Image via Pancakeswap Docs.

You also win smaller rewards if you have two or three numbers in the same position as the winning ticket. Three numbers wins 20% of the total jackpot, and two numbers wins 10% of the total jackpot. Of course the winnings do need to be shared if there is more than one winner. So for example at the time of writing the total jackpot is 24,276 CAKE. That means you can win as follows:

4 numbers – 12,139 CAKE

3 numbers – 4,855 CAKE

2 numbers – 2,428 CAKE

In the last drawing there were no tickets with 4 numbers, but there were 15 tickets matching three numbers and 320 tickets matching two numbers. That means each person with three matching numbers received 323.67 CAKE, and each person with two matching numbers received 7.5875 CAKE.

Non-Fungible Tokens

There’s even more you can do at PancakeSwap besides simply farming yield, staking CAKE, and buying lottery tickets. You can also win special non-fungible tokens created by the exchange.

If you do win one of these unique NFTs you can choose to keep it in your wallet as a memory of your luck, or you can trade it immediately for the CAKE value it represents.

NFTs

Some of the cute (and valuable) collectible NFTs you could win. Image via Pancakeswap.finance.

In order to participate you need to register for the chance to win. All winners are chosen at random. New opportunities to register and win the newest NFT are posted to the Collectibles page of PancakeSwap. And you can go there to see what nifty NFTs have already been produced and given away.

Teams & Profiles

Just in case you don’t think that the exchange has been gamified enough you can also create a public profile and join teams in order to show off your personal stats and to compete for team achievements.

Note that this feature is still in development, but when released there will be tasks available that will generate points for the teams involved.

Initial Farm Offering

An Initial Farm Offering (IFO) is a way that newly launched tokens are distributed to new users who are yield farming at PancakeSwap. Users can get access to IFO tokens by committing LP tokens from one of the supported pools in order to gain access to the sale of a token that’s just been launched.

Initial Farm Offerings

Don’t miss out when new farming opportunities grow. Image via Pancakeswap.finance.

There’s an IFO tab in the left sidebar of the PancakeSwap website where you can check on upcoming IFOs and the terms for purchasing any newly launched tokens.

The CAKE Token

The CAKE token got out of the oven at a price near $1.37 just after PancakeSwap was launched in September and after some initial volatility it dropped and settled around the $0.25 level. After spending roughly two months there however it began climbing as the altcoin rally of 2021 picked up steam.

CAKE Chart

Where is the price of CAKE headed next? Image via Coinmarketcap.com

After reaching an all-time high of $21.41 on February 19, 2021 it sank as quickly as it rose and a week later it was trading at nearly half its all-time high at $11.72. The quick drop was part of a larger selloff in the cryptocurrency market, which continues as this is being written. That said, there’s no telling where the token might settle in a week, a month, or a year from now. Considering the growing popularity of DeFi platforms and yield farming we would guess it will be higher.

Is PancakeSwap safe?

PancakeSwap has been oprating without any issues for 5 months as of the time of this writing, and as a decentralized exchange it seems completely safe. The team behind the DEX has gone as far as to have it audited by CertiK and the results found that all the code is secure. Of course one audit doesn’t mean the exchange is completely safe and you should always take care with funds you plan on committing to any of the new DeFi applications.

PancakeSwap Roadmap

Ok, it isn’t really a roadmap, it’s more like a to-do list. Whatever you want to call it the team at PancakeSwap has done an excellent job in checking items off over the five months the DEX has been in existence. As of February 2021 the following items remain:

Not a Roadmap

The roadmap that’s not a roadmap. Image via Pancakeswap Docs.

  • Lending & Borrowing: Lend and borrow BSC and LP tokens – CAKE provides rate discount
  • Margin Trading: Trade BSC tokens with leverage on-chain — periodic CAKE buyback and burn
  • NFT-based Gamification: Complete tasks, level up etc. to earn NFTs — use CAKE to mint
  • Binary Options
  • Fixed-term Staking

Conclusion

On the Binance Smart Chain PancakeSwap is the largest and most heavily used AMM for yield farming and staking. With over $650 million in daily trading volume it is over double the traing volume of SushiSwap and nearly as large as Uniswap (v2). It is by far the largest project running on BSC, and as DeFi continues to grow in popularity it would be surprising if it didn’t continue to grow as well.

Truthfully adding a DeFi dApp to the BSC is a major step as it gives users the ability to participate in DeFi without being stuck with the massive fees of the Ethereum network. At just 5 months old it’s very likely that PancakeSwap has some massive growth in its future. Binance has been helping that along by including PancakeSwap in the Binance Accelerator Fund, which provides funds that help the project grow more rapidly.

Overall it’s clear that DeFi is continuing to grow, both on Ethereum and on the BSC, and PancakeSwap is creating a name for itself as the place to come for yield farming. The team has done an outstanding job in both launching and improving the DEX during its short existence and we expect they will bring an increasing level of innovation to the DeFi space.

PancakeSwap is a project worth using for yield farming, and worth watching to see what developments are made in the coming months and years.

Featured Image via Shutterstock

Disclaimer: These are the writer’s opinions and should not be considered investment advice. Readers should do their own research.

The post PancakeSwap Review: Leading AMM on Binance Smart Chain appeared first on Coin Bureau.

Source: https://www.coinbureau.com/review/pancakeswap-cake/

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AI

Oraichain Review: The AI Powered Oracle System

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Blockchain technology and artificial intelligence are now being integrated into every industry and nearly every aspect of our economy. Both of these technologies are concerned with the usage and storage of data, which has become critical as data in the modern world is immense and growing.

One thing that hasn’t been accomplished though is the combination of blockchain and artificial intelligence. Combining the two can provide even greater value as adding artificial intelligence to blockchain will allow for analyzing data, which will generate more insight about that data.

Oraichain Overview

Overview of Oraichain’s AI Powered Oracles

One area where this could be particularly useful is in smart contracts. These are protocols or programs that are created to automatically execute, either documenting or controlling relevant actions and events. It does this based on its programming and the terms of a contract that’s been specified.

Smart contracts are increasingly used on blockchains as they have a number of useful benefits, particularly in the increasingly popular decentralized finance space. However  they remain under one limiting constraints in that they must follow strict rules, which prevents the use of an artificial intelligence model in any smart contract.

The solution to this problem is being developed by Oraichain. This is a data oracle platform and it is designed to connect artificial intelligence APIs with smart contracts or other applications.

With Oraichain a smart contract can be enhanced to securely access external artificial intelligence APIs. The focus of blockchains currently is the use of price oracles, but with Oraichain smart contracts will have access to reliable AI data, providing new and useful functionality to blockchains.

What is Oraichain?

As a data oracle platform Oraichain is concerned with the aggregation and connection of smart contracts and AI APIs. It is the very first AI-powered data oracle in the world. Currently there are six major areas or features that Oraichain is bringing to the table.

Oraichain Mainnet

Oraichain Announcing its Recent Mainnet. Via Blog

AI Oracle

As we’ve already mentioned, Oraichain is designed to enhance the utility of smart contracts by allowing them access to external APIs which are AI driven. Current oracle blockchains are primarily focused on price oracles, but Oraichain plans on changing all that.

With Oraichain dApps gain new and useful functionality by being able to use reliable external AI data. This is accomplished by sending requests to validators who acquire and test data from various external AI APIs. Once confirmed the data is stored on-chain, ensuring its reliability and allowing it to be used as proof in the future.

AI Marketplace

The AI Marketplace on Oraichain is where AI providers are able to sell their AI services. This brings AI to Oraichain and rewards the providers with ORAI tokens. There are a number of services that are provided, including price prediction, face authentication, yield farming, and much more.

The AI providers benefit from hosting their models directly on Oraichain without the need for third-parties. Using this mechanism allows small companies or even individuals to compete with larger entities in having their work featured in the AI Marketplace. Developers and users get to choose the AI services they require and pay for them with ORAI tokens.

AI Ecosystem

The AI Marketplace is not the only piece of the AI ecosystem of Oraichain. There is additional AI infrastructure to support the AI model developers. The ecosystem includes a fully developed and functional web GUI to assist in publishing AI services more rapidly and with less troubles.

Yield Farming

Yield farming is just one potential use case for Oraichain. Image via Oraichain Docs.

The ecosystem also allows AI providers to follow the flow of any requests for their services from start to finish. This is included as a means to increase the transparency of the system. With this level of transparency users can easily see which validators are best at execution, and if there are any malicious providers.

Staking & Earning

Validators stake their tokens and receive rewards for securing the network. Other users are also able to delegate their tokens to existing validators and share in those rewards proportionally. It’s important that delegators do understand that this is not passive income.

Delegators need to actively monitor the validators to ensure they continue to perform well within the ecosystem. If they are delegating to a malicious validator they risk having their delegated tokens slashed. So, delegators are equally responsible for ensuring the Oraichain ecosystem remains secure and of high quality.

Test Cases

The test cases are provided to Oraichain to verify the integrity and correctness of any AI services on the blockchain network. It is possible for third parties to become test case providers and then examine specific AI models to determine if they are qualified to operate on Oraichain and charge fees. Users can provide expected outputs and see if the AI model results are similar. These test cases providers encourage the AI providers to continue providing the best quality services.

Orai DAO

Governance on Oraichain is done by the community in a DAO model. Anyone owning ORAI tokens is able to participate in the governance of the network. They can also participate in the ongoing development and the future plans for the Oraichain ecosystem. While the project development team was responsible for creating the foundation for governance, it has now been automated and will forever remain in the hands of the community.

What Prevents Blockchain using AI Models?

Smart contracts in the way they are developed currently are unable to run AI models, and developers have found it to be nearly impossible to integrate an AI model into a smart contract. AI models are typically very complex constructions based on neural networks, SVM, clustering and other approaches. Smart contracts include three characteristics that prevent the inclusion of AI models:

Oraichain Oracle

Three things keep blockchains from using AI models, but Oraichain will fix that. Image via Defi.cx

Strictness: Smart contracts are developed in such a way that they must always follow the strict rules put in place for them. All input for the smart contract must be 100% accurate if an output is expected. However AI models don’t necessarily provide 100% accurate inputs. Oraichain will overcome some of the aspects of smart contract strictness, giving a better user experience and enhanced smart contract functionality.

Environment: Typically smart contracts are created using high-level programming languages, such as Solidity and Rust. This provides better security and syntax for the smart contracts. By contrast most AI models are written in Java or Python.

Data size: Due to the gas costs of running smart contracts on most networks they are usually created with very small storage allowances. Comparatively the AI models are quite large and use a lot of storage space.

Blockchain Based Oracle AI

Oraichain is being developed as a way to create smart contracts that are able to use AI models. On the surface the mechanism being used by Oraichain seems similar to those used by Chainlink or the Band Protocol, but Oraichain is more heavily focused on AI APIs and the quality of the AI models.

Each user request includes attached test cases, and in order to receive payment the providers API must pass a specified number of test cases. Validators manage the test case features, and the quality of the AI models, making Oraichain quite different and unique from other solutions.

Oraichain System Overview

The Oraichain public blockchain allows for a number of user-generated data requests. In addition to users requesting data the blockchain also allows smart contracts to request data securely from artificial intelligence APIs that are external to the blockchain. The blockchain has been built using the Cosmos SDK and utilizes Tendermint’s Byzantine Fault Tolerance (BFT) as a consensus mechanism to ensure transaction confirmations are handled rapidly.

In terms of consensus mechanism the Oraichain protocol is similar to Delegated Proof-of-Stake (DPoS). The network is constructed of validators, each of which owns and stakes ORAI tokens, while other users who hold ORAI tokens are able to delegate them to the nominated validators. In this way both validators and delegators receive rewards proportional to their stake with each newly created block.

Validators have the task of collecting data from AI Providers and validating the data before it is stored to the blockchain. In order to validate the AI API each validator is required to do testing based on the test cases provided by users, test providers, or the smart contracts. Any time a users is unsure which test case might be good they are able to request additional test cases from the test providers. Thus the validity of the AI APIs can always be verified.

Oraichain System Overview

A representation of the inner workings behind Oraichain. Image via Oraichain Docs

You can see above how the flow of requesting an AI API works in the Oraichain system. When performing a request the smart contracts or users are required to call an oracle script which is available from the AI Marketplace or from the Oraichain gateway. These oracle scripts include external AI data sources, provided by the AI providers, along with test cases and optional test sources. There is also a transaction fee required to complete each request.

Whenever a request is submitted a random validator is chosen to complete the request. This validator then retrieves the necessary data from one or more AI providers and executes test scenarios to verify the validity of the data. If the tests pass the data can be passed along, but if the tests fail the request is cancelled.

When a request is successful the results of the test are written to the Oraichain blockchain. This result can be fetched from smart contracts or regular applications and serves as the proof of execution. A successful request is also required to pay the necessary transaction fees, which are used to reward validators and delegators.

There is an overhead of reading results from Oraichain’s transactions, but it helps ensure that the AI API quality is good and there is no data tampering during the process of fetching data from AI providers.

If we compare this testing with Chainlink and Bank Protocol we see that API testing using test cases is unique to Oraichain. Because Oraichain is focused on AI APIs it is crucial that testing is included to control the quality of the AI providers in the ecosystem. Plus users and test providers can submit new and suitable test cases to properly verify any AI API. These test cases incentivize the AI providers to improve the quality and accuracy of their AI models.

Oraichain Validation

Validating test cases to complete a request. Image via Oraichain Docs

Another unique feature added to the Oraichain model is the ability of the community to rate the reputation of each validator in regard to the improvement of the quality of the AI APIs. In this way validators can be slashed if they are found to have low availability, slow response times, failure to validate AI providers, failure to perform test cases properly, or any other bad behavior.

One warning is that a large number of validators are needed to prevent the system from becoming centralized. A greater number of validators serves to increase the availability of the network, while also improving on scalability and successful request performance.

At the same time block reward and transaction fees need to be sufficient to incentivize a large number of validators to join and participate in the Oraichain ecosystem. Otherwise the network could become centralized, and will certainly slow to the point of being unusable.

The Oraichain Team

Oraichain recently made some changes to their leadership, moving the former CTO of Orachain into the position of CEO for Oraichain Vietnam and welcoming Mr. Tu Pham as the CTO of Oraichain.

Oraichain Team

The impressive leadership team at Oraichain. Image via Orai.io

Chung Dao continues as the CEO of Oraichain. As one of the co-founders of the project he has been instrumental in its growth since the very beginning. He is also the co-founder of Rikkeisoft and has achieved a PhD in Computer Science from The University of Tokyo.

The AI Lead and another co-founder of the project is Diep Nguyen, a lecturer at VNU in Hanoi and holder of a PhD from Keio University.

In addition, Oraichain’s total workforce has now been expanded to 25 people including the core team, AI and blockchain specialists, data scientists and developers.

Oraichain & Binance Chain Integration

Around the same time as making changes to the leadership at Oraichain, the team also completed an integration with Binance Chain. This integration creates a bridge from Ethereum to Binance Chain for the ERC-20 ORAI tokens. Oraichain has committed to providing the necessary liquidity for trading the BNB/ORAI pairing on PancakeSwap.

Oraichain Bridge

Swap easily from ERC-20 to BEP-20 tokens and vice versa. Image via Oraichain Blog.

Anyone who wishes to swap between the ERC-20 ORAI token and the BEP-20 ORAI token can do so at https://bridge.orai.io.

Further information regarding the new BEP-20 token and instructions on swapping can be found here.

ORAI Token Economics

Anytime an AI request is sent to the Oraichain network there is an associated transaction cost that needs to be paid in ORAI tokens. In fact, the token plays a role as the transaction fee that is paid for request executing validators, AI-API providers, test case providers, and block creating validators.

The transaction fee is not set, but varies based on the fee requirement of the validators who execute the requests, the AI API providers, and the test case providers. This means that anytime there is a request made the validators can choose whether or not to execute the request based on the transaction fee offered.

Once validators have decided whether or not to be included in the pool of willing participants the system randomly chooses one of the validators that have expressed a willingness to execute the request. The validator is also responsible for clarifying the fee paid to AI-API providers, test case providers, and block creating validators in the MsgResultReport.

It is possible for more than one validator to be included in a request, in which case the transaction fee is divided equally among the validators that participated in the request. Again, the validators must decide if they are willing to accept such a transaction fee.

The ORAI token is rewarded for each newly created block, so to keep the value of ORAI token, holders must stake their token to the Oraichain network. The rewarding token is divided based on the number of tokens that a holder is staking to a validator. Moreover, there is a mechanism to punish bad behaviors of validators in aspects of AI API quality, response time, and availability.

Oraichain Tokenomics

The new tokenomics supports the growth of ORAI tokens. Image via Oraichain Blog

The team also changed the tokenonmics by burning 73% of the total supply of ORAI tokens in December 2020. They also extended the emission schedule to 2027, thus flattening the release curve and protecting from sudden supply shocks. It also helps to minimize inflation in the early years of the project.

The ORAI Token

There was a seed sale conducted in October 2020 with ORAI tokens being sold for $0.081 each. There was a goal of $70,000 for the sale, however no data regarding the total funds raised was released. In November 2020 there was a private sale scheduled, but it was never held. Finally, there was a public sale scheduled for February 2021, but after the team changed the tokenomics and burned 73% of the circulating supply the public sale was cancelled.

The price of the ORAI token has surged in 2021, reaching an all-time high of $107.48 on February 20, 2021. That contrasts with the all-time low of $2.83 just four months earlier on October 29, 2020.

Oraichain Chart

The ORAI token has soared higher in just 4 months. Image via Coinmarketcap.com

As of February 23, 2021 the price has retreated substantially from its all-time high, trading at $65.06. There are very few exchanges handling the token, with the majority of transactions occurring on Uniswap. There is also a small amount of activity on KuCoin, Gate.io, and Bithumb Global.

Oraichain Use Cases

There are already a number of use cases that have generated interest in Oraichain.

Yield Farming with AI

The yield farming based on Oraichain was inspired by the development of yearn.finance (YFI). Like yEarn, the Oraichain system helps reduce the complexity of yield trading. Where yEarn uses crowdsourcing knowledge, Oraichain provides AI-based price prediction APIs as inputs to smart contracts. The yield farming use case has two functionalities:

Earn: Get price prediction from Oraichain and automatically decide BUY/SELL tokens. Users choose the best performing AI APIs.

Vaults: Apply automated trading oracle scripts on Oraichain. Deposit tokens and the assigned oracle script will find the best AI input to maximize yield.

yAI Finance

AI powered DeFi platform. Image via yai.finance

Compared to yearn.finance (crowdsource-based strategies), AI-based trading performance could be less efficient, but risk management could be better since all buying or selling decision is based on AI models (or by machine) and not by human psychology.

Flexible smart contracts & face authentication

There are several scenarios in which face authentication is very useful:

  • using your face to get your balance instead of using a private key,
  • withdrawing tokens to registered wallets using your face
  • using your face in order to reset your private/public key pair
  • using both your private key and face in order to execute a smart contract.

Using face authentication might be riskier than a private key, but it helps improve the user experience. In cases of checking balance and withdrawing tokens to registered wallets, face authentication is considered as safe and convenient.

Fake news Detection

This use case focuses more on a regular application that wants to check if the news can be trusted. Oraichain provides a marketplace in a decentralized manner in which combining results from different providers is possible. If the providers want to receive payments, their APIs must pass the test cases just as any other API provider.

More potential use cases

  • Smart contracts help check if a product is fake in the supply chain
  • Smart contracts deciding a loan based on users’ credit score
  • Smart contracts automatically pricing game items based on their characteristics and DNA
  • Marketplace of automated diagnostics for X-ray images, spam classification, handwriting detection using OCR, and citizen ID card detection using OCR.

Oraichain Roadmap

Oraichain Roadmap

An impressive 2021 roadmap. Image via Orai.io

Conclusion

Just like other projects that have been built in the data oracle sector the demand for Oraichain should only increase as the DeFi economy continues to expand. Starting with the yAI DeFi product Oraichain is showing it is more than capable of competing in the space.

In addition, this platform fills a niche not served by crowdsourced projects like yEarn Finance. It’s also taking a unique approach that sets it apart from industry leader Chainlink.

The mainnet launch for the project is on February 24, which will be an exciting time to see how much demand there is for the project and its unique take on oracle protocols and DeFi. It could also reinvigorate the ORAI token, which has seen impressive growth over the past four months.

Oraichain is a young project, but it’s already made very impressive strides. The roadmap for the project is quite impressive, but the team is impressive as well. That could lead to unprecedented growth for Oraichain in 2021 and beyond.

As the lone project taking on the problem of adding AI to smart contracts Oraichain could be setting itself up as a leader in the blockchain space for some time to come.

Disclaimer: These are the writer’s opinions and should not be considered investment advice. Readers should do their own research.

The post Oraichain Review: The AI Powered Oracle System appeared first on Coin Bureau.

Source: https://www.coinbureau.com/review/oraichain-orai/

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How Ford Is Using Blockchain Technology To Improve Urban Air Quality

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Blockchain technology is already being put to use to advance solar energy distribution and help ensure the ethical sourcing of the rare-earth minerals used in advanced electric powertrains. Now, Ford is using the emerging technology, as well as dynamic geofencing and EV/PHEVs, to help reduce air pollution in European city centers. And, if the program […] Source: https://cleantechnica.com/2021/02/25/how-ford-is-using-blockchain-technology-to-improve-urban-air-quality/

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Top 10 Best Crypto Instagrams to Follow

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Getting to Grips with the Gram

It’s easy to feel conflicted about Instagram. It seems somehow more relaxed than Twitter, less stuffed with angry, opinionated folks all arguing with each other.

It’s a visual medium that encourages creativity, letting people share images and videos of what they find beautiful, inspiring, funny, uplifting and much else besides. The reliance on imagery transcends languages, allowing users to connect with others from all corners of the globe.

That’s the sell. There are downsides, of course. Unsavoury types lurk on Instagram, just as they do on every other social network. Much of the content is bland, vacuous nonsense that fuels consumerism and vanity.

Corporate shills lie in wait, pushing advertising on us by stealth. ‘Inspirational’ hot air is impossible to avoid. The much-mocked tribe of influencers are right at home here, living their best lives and making the rest of us feel inadequate. A person’s Insta page is only ever a simulacrum of their real life.

Mark Zuckerberg

Mark Zuckerberg. Would you give this man your address? Image via Shutterstock

Then there’s the elephant – or rather the Zuckerberg – in the room. Instagram has been owned by Facebook since 2012, a fact that has far-reaching consequences for users’ data and privacy. The pallid, droid-like CEO of one of the most controversial companies out there holds sway over Insta’s 1 billion active monthly users. That means user data is stored on Facebook’s servers and used to generate the ad revenue which keeps the Zuck in t-shirts and face polish.

Instagram is an important asset for Facebook. Over 70% of those 1 billion users are under 35, a stat which helps offset Facebook’s own ageing demographic. Through Instagram, Facebook can harvest and sell the data of a younger audience than it might otherwise be able to get its grubby hands on. As with WhatsApp, it’s important to know that the free services we enjoy have a hidden cost somewhere. As the old saying goes, if you’re not paying for a product, then you are the product.

So, it’s not all roses. Using Insta comes with a whole load of caveats, but, if you’re comfortable with those, there are few better ways of getting yourself out there. Celebrities love it and use the platform as a cornerstone of their personal brands, however much they may claim it brings them ‘closer to their fans’.

But it’s not just the rich and famous who have benefitted. Thousands of ordinary people have built businesses that rely almost solely on the Gram, while for many thousands more it acts as a vital shop window. Love it or loathe it, Instagram is here to stay and has fundamentally altered the way many of us go about our online lives.

Instagram Flex

Flexing on the “Gram”. Image via Shutterstock

It’s no surprise therefore to see the cryptocurrency industry embracing Instagram. A huge range of accounts share news, opinions, memes and inspiration with followers often numbering in the hundreds of thousands. In many ways crypto and Insta are natural bedfellows, both beloved by the young and often mistrusted, misunderstood or mocked by older generations.

As a result, of course, there’s now a bewildering array of crypto Instagrammers out there and knowing who to follow can be tricky. As with other platforms, there are plenty of accounts that exist solely to shill any coin or token they can in search of a quick profit – these should be avoided at all costs. Helpfully for you though, we here at the Coin Bureau have put our heads together and come up with a list of our favourite Insta crypto pages.

Some provide news, some are prominent crypto personalities or influencers and others are just a joyful parade of memes. It’s worth pointing out that, while these are all great accounts to follow, you should make sure to get your crypto news from a variety of other sources too. Insta is great for a short, sharp hit of crypto, but if you want to dive deeper into this ever-expanding field then be sure to use other resources like CoinDesk and, of course, YouTube.

So, here are the top ten best crypto Instagrams, as recommended by the team here at the Bureau. Check them out, follow the ones you like the look of and remember to eat, sleep and shower every now and again. This stuff can get addictive.

The Top 10

1. Coin Bureau

Ah, come on. We were never going to pass up an opportunity like this, were we? The Coin Bureau YouTube channel may be the go-to place for all the latest and greatest on everything crypto, but if you want a bit more from Guy and the team, then check out our fast-growing Insta page too.

This is a great place to go for quick bites of crypto news, as well as a plentiful supply of crypto memes and some behind-the-scenes footage from Coin Bureau HQ in London. If you’ve ever wondered what went on at the Bureau outside of our studio, or wanted to get a quick lowdown from the man himself on what videos to expect over the coming days, then this is where to go.

Guy at Coin Bureau

Coin Bureau on the Gram. Sheer joy. Image via Instagram

It’s no secret in the office that Guy harbours a growing desire to become both a meme lord and bona fide Instagram influencer, as well as everyone’s favourite crypto YouTuber. It remains to be seen whether this comes to pass, but keep an eye on the page to see if it does.

It’s also a great opportunity to see some of our latest merch designs, get tasty clips from our videos and share in the ups and downs of the crypto markets. Let’s just hope Guy doesn’t start doing make-up tutorials…

2. TheCryptograph

If you want an easy and up-to-date way to stay abreast of all the latest developments in crypto then check out TheCryptograph. Regular posts give a good, bite-sized outline of the latest crypto news stories for those on the go, while the page itself has a nicely consistent visual style.

The Cryptograph

The Cryptograph on Insta

A lot of crypto Insta pages focus almost exclusively on bitcoin and are often chock-full of clickbait and hype. TheCryptograph is different and presents the sort of news anyone serious about crypto and blockchain needs to read. With 106k followers, the page is growing steadily and should be a must-follow for anyone who wants to keep abreast of what’s going on in the crypto space.

Some interesting recent posts take a look at the likes of crypto adoption in Nigeria and Asia, India’s crypto crackdown and China’s continued rollout of its digital Yuan. Those are alongside the usual stories of bitcoin’s corporate uptake and some bullish price predictions, but it’s great to see an Insta crypto account that takes a global view.

3. CryptoManiaks

Perhaps we should be loath to recommend another crypto education platform, but we take our hat off to CryptoManiaks nonetheless. If you’re new to crypto and wondering what the heck it’s all about, then this Insta account is a must.

In visual terms, CryptoManiaks have nailed the fine line between eye-friendly graphics and information-packed posts and their distinctive theme makes the page a joy to scroll through. There are the usual quotes and stats about how bitcoin is the future, (we know) but mixed in with helpful explanations such as the difference between public and private keys, or a mini glossary of crypto terms.

Cryptomaniaks on Insta

Image via Instagram

The team behind CryptoManiaks clearly know and love their crypto and whoever’s doing their graphics deserves a pay rise. The account has nearly 250k followers and you can bet that number is going to keep on climbing.

4. CryptoHumor

And now for something completely different. While TheCryptograph may be a serious news outlet, sometimes we all need a good meme to brighten our day. Or maybe an entire account full of memes – it depends what sort of day you’re having.

Well, look no further than CryptoHumor, who specialise in nothing but. You really have to hand it to anyone who’s ready to post a meme featuring Jay-Z’s Big Pimpin’ video every time BTC breaks another thousand-dollar barrier (they’ve been posting it rather a lot recently). That takes some balls.

Crypto Humor Insta

You had to be there. Image via Instagram

Some memes are inspired and others… well, less so, but damn are they addictive. Be warned, therefore: a visit to CryptoHumor means you run the risk of being dragged into the gravitational pull of a crypto meme black hole. Sure, they mostly revolve around mocking no-coiners and pretty much make the same joke each time, but that won’t stop you scrolling and scrolling. Mind you, you can only watch Big Pimpin’ so many times.

5. Ethereum_updates

Anyone new to crypto could be forgiven for thinking that it’s all about bitcoin. The OG crypto and its continued gains may hog most of the headlines and preoccupy a good deal of crypto Insta pages, but there are other coins out there too, you know.

Ethereum_updates is rightly one of the most popular crypto Instas out there, with close on a quarter of a million followers, all keen to keep up to date with what’s happening with… yep, Ethereum. Like TheCryptograph, this is a page dedicated to news, with nary a meme in sight and so is a great resource for those busily engaged in doing their own research and not spending all day giggling at Big Pimpin’.

Ethereum Updates Insta

Just what us geeks are after. Image via Instagram

It’s important to remember than crypto goes well beyond BTC and that even some of the big institutional investors are also sinking funds into ETH and other altcoins besides. As such, any resource which focusses elsewhere than bitcoin is a useful one and Ethereum_updates should be on your radar if you want to keep your view of the crypto space as balanced as your portfolio.

6. ShareCrypto

Another crypto news page, with all the requisite graphics and regular posts you’d expect. Where ShareCrypto goes above and beyond though is in reporting on the stories that many other accounts neglect. Recent posts include an update on Akon’s Akoin venture, as well as some much-needed DeFi-themed content. The ShareCrypto account is often the place to go to get those stories that might otherwise fly under the radar of other crypto Instagrammers.

ShareCrypto insta

Image via Instagram

ShareCrypto is also one of the better Insta accounts for news pieces on central bank digital currencies (CBDCs) – a brainchild of mainstream finance which is going to become a bigger and bigger deal in crypto over the next few years.

Governments and bankers are waking up to the potential of crypto and are taking determined steps to make sure they harness its power for their own ends. Guy himself has covered CBDCs over on the Coin Bureau YouTube channel, but many are still unaware of what’s around the corner. Any Insta account which draws attention to them is doing a good service in our estimation.

7. Coingrams

Another black hole to fall down is that of fascinating facts, which is where Coingrams comes in. It’s got plenty of stats and anecdotes about bitcoin, blockchain and mainstream businesses that can make hours disappear if you’re not careful. There are a few inspirational quotes and memes to keep you going too, but it’s the factoids that keep you coming back for more.

Coingrams Elon Musk post

The obligatory Elon Musk post. Image via Instagram

Coingrams also posts videos with prominent business figures and investors and has a borderline unhealthy obsession with figures such as Elon Musk and Warren Buffet. That said, plenty of other crypto Insta pages do too and, given what Elon’s been up to over the last few weeks, it’s probably fair to say that most of us are spending a bit too much time thinking about him these days. His tweets about BTC and DOGE have had the markets going crazy, to say nothing of Tesla’s decision to invest $1.5 billion into BTC.

If you’re the sort of entrepreneurial go-getter who regards hard graft as a basic human right, then you’re sure to find your spiritual home on Coingrams. When you feel your energy flagging after a bruising day in the markets, then seek out the page to find something to lift your spirits. Don’t overdo it on the energy drinks though.

8. Cointelegraph

Those of us who have been kicking around in crypto for a while now will be more than familiar with Cointelegraph, one of the most respected crypto news outlets around. Its always-up-to-date website and those distinctive graphics have long made it a standout platform and its Insta page is a great place to get the latest big stories in bite-sized form.

Coin Telegraph Insta

Coin Telegraph Instagram Page.

Cointelegraph has been around since 2013 and exhaustively documents all the goings-on in crypto, blockchain and fintech. Its main website is the place to go for the nitty-gritty, but if you’re pressed for time then a drop by its Insta account is always worthwhile. While its always happy to fuel the hype, you can be confident you’ll also be getting the story behind it all too.

If you’re looking to make yourself an expert in crypto then the Cointelegraph site should be a regular stop on your daily journey into Cryptoville. Save the Insta page for the journey home.

9. Krypticrooks

While most of the Insta accounts we’ve covered so far have many thousands of followers, Krypticrooks is a little smaller by comparison. With less than a thousand followers at the time of writing, we reckon this could be the Instagram equivalent of a low-cap gem waiting to 100x.

KryptiCrooks Insta

Krypticrooks in action. Image via Instagram

Rather than the usual memes or clumsily put-together images, Krypticrooks specialises in edgy one-panel cartoons, most of which have a crypto flavour. The artwork is brilliantly executed and pokes fun at no-coiners, regulators and many others besides. They have a Twitter too, which is rather more baffling, so stick to the Insta and get their follower count up. Keep an eye on this one because we think it’s going places.

10. bvbtc (Brekkie von Bitcoin)

Crypto isn’t short of big personalities and crypto Insta has a few of its own. One of our favourites is Brekkie von Bitcoin, ‘an artist and advocate for Bitcoin based in Los Angeles, California.’ Brekkie’s Insta page has something for everyone, with a generally more sophisticated standard of meme than others (no Big Pimpin’ here) alongside photos of the man himself and some frankly gorgeous pictures of the California countryside.

Brekkie Von Bitcoin

Image via Instagram

Brekkie has many strings to his bow, being also responsible for the Blockchain and Morty videos, as well as the creative director at Swan Bitcoin. He’s also got a decent range of swag, though not as good as some, naturally.

And a Few Honourable Mentions…

There’s so much crypto content out there on the Gram and so many accounts posting it that it’s impossible to give a shout out to all the ones we like. Our top ten reflects our current favourites, but there are others snapping at their heels, including the following.

Charles Hoskinson IOHK

This crypto OG’s page would be in our top 10 if only he posted more. That said, the Ethereum co-founder and Cardano overlord is a busy man and almost certainly has better things to do with his time than post on the Gram. Charles has only posted five times in total but maybe he’ll see the appeal of becoming a meme machine before too long. He has over 10 thousand followers, so it’s probably safe to assume that the day can’t be far off…

Charles Hoskinson

Charles and his feathered friend. Image via Instagram

Girl Gone Crypto

Another crypto educator, but we love how she makes her videos both funny and informative. Lea is also a talented speaker and content creator who regularly makes the case for wider crypto and blockchain adoption.

Girl Gone Crypto

Girl Gone Crypto Living the Dream

Her blog also contains a wealth of interesting reads and she also claims to work for tacos, which is something we can all get on board with.

Cardano_updates

Does exactly what it says on the tin. Keeps track of ADA’s price swings and any Cardano-related stories doing the rounds. Cardano is a hugely popular project with the team here at the Bureau and we like to stay abreast of all developments as they happen.

Miss.Zulpipi

Our favourite Instagram model for the way she lives unashamedly well and likes to dabble in trading too. On her Binance account, she reportedly holds Ethereum, Zilliqa, Dogecoin, Polkadot, and Chainlink, which suggests she knows her stuff when it comes to crypto. That’s the type of adoption we like to see!

Miss Zulpipi Crypto

Miss Zulpipi living the good life while trading crypto! Image via Instagram

Satoshi Nakamoto Official

Not really, of course, but we do like seeing pictures of the fake Satoshi getting exasperated and loving the attention both at the same time.

Insta and Crypto: A Good Thing Going

Spend too long on crypto Insta and you can start to feel like you’ve disappeared into a vortex of memes, inspirational quotes and pictures of Elon Musk. If Instagram is your sole source of crypto knowledge, then you need to branch out. While it may be great for a quick hit, if you’re serious about investing in the financial revolution then you need to dive deeper than the good folks on the Gram can take you.

That said, Insta is doing wonders to help spread the word about crypto and its young demographic will help fuel continued adoption past the point when the current bull market comes to an end. It will be interesting to see how some of the hype and hopium merchants react when the mad gains we’ve been seeing start to slow, but you can bet that the crypto evangelists will always be there with a handy meme when it matters.

Featured Image via Shutterstock

The post Top 10 Best Crypto Instagrams to Follow appeared first on Coin Bureau.

Source: https://www.coinbureau.com/analysis/best-crypto-instagrams/

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