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KoKoSwap launches amid the DeFi and NFT evolution

Decentralized finance (DeFi) and non-fungible tokens (NFTs) have undergone unprecedented growth over the past few months.  Malta, May 5, 2021 – Since the beginning of 2021, DeFi has already grown over 5x in terms of total value from $15 billion in January to approximately $77 billion by May 2021. From January 2021 to date, the … Continued

The post KoKoSwap launches amid the DeFi and NFT evolution appeared first on BeInCrypto.

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Decentralized finance (DeFi) and non-fungible tokens (NFTs) have undergone unprecedented growth over the past few months. 

Malta, May 5, 2021 – Since the beginning of 2021, DeFi has already grown over 5x in terms of total value from $15 billion in January to approximately $77 billion by May 2021. From January 2021 to date, the NFT space has undergone a 25x increase in trading volume. 

With these adaptations in the industry, leading to global mass adoption of the DeFi and crypto space, KoKoSwap brings a one-stop solution for anyone enthusiastic about DeFi gaming and the NFT space. In essence, it provides a decentralized platform for the users to fulfil their NFT-related demands through trades and games while experiencing modern financial activities such as staking and swapping.

The KoKoSwap ecosystem is an inclusive economy solution run by its native token KOKO. The KOKO token is a utility token that can be used with features provided on the platform. KOKO also acts as a governance token. To make the platform truly decentralized, KoKoSwap allows certain token holders to participate by voting in the key decisions of the platform.

Features of KoKo in the ecosystem include:

  • KoKoAvatar: the NFT platform is based on one of the most sustainable cases of NFTs, role-playing games, that will tokenize the in-game assets of the MMORPG game. Including approximately 5,000 accessories in the game, skins, and limited-edition merchandise that can be represented as rare collectables.
  • KoKoStake: The staking platform allows users to stake Ether or KOKO tokens and earn significant APY. KoKo requires a minimum of 1 year for staking, and the program will run for 2 years.
  • KoKoArcade: The decentralized NFT gaming marketplace acts as the most ideal meeting ground for gamers and developers on a distributed network.
  • KoKoFantasy: A fantasy league platform facilitating fantasy sports.

To find out more about KoKoSwap visit kokoswap.org.

Disclaimer

All the information contained on our website is published in good faith and for general information purposes only. Any action the reader takes upon the information found on our website is strictly at their own risk.

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Source: https://beincrypto.com/kokoswap-launches-amid-the-defi-and-nft-evolution/

Blockchain

NFT Roundup: Porsche Reveals Subsidiary, Chainlink-Integrated NFTs, and Mark Cuban Backs Genius

Nonfungible tokens had another exciting week. Porsche announced its NFT subsidiary, Mark Cuban invested in Genius, and Genshiro launched new nonfungibles.

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Nonfungible tokens had another exciting week with Porsche announcing its NFT subsidiary, Mark Cuban investing millions in Genius, and Genshiro’s launch of Chainlink-powered nonfungibles.

Porsche Unveils NFT Subsidiary

German automobile maker Porsche is gearing for an entry into the nonfungible token (NFT) market. On June 14, the company revealed the launch of its NFT startup Fanzone, which will be centered on soccer-based NFT collectibles.

The venture is based on Porsche’s digital subsidiary Forward 31. It has already announced a partnership with major football teams in Germany and a deal with third-tier professional teams. Fanzone is also planning to connect with other soccer leagues and sporting codes in the future.

Porsche’s NFTs will be based on ERC-20 tokens and issued by the Lukso blockchain, which was founded by former Ethereum developer Fabian Vogelsteller.

The firm also acknowledged the ecological concerns surrounding NFTs in its announcement and pledged a part of Fanzone’s transaction costs to “sustainable sports and environmental projects.” Furthermore, Fanzone revealed that all its employees use emission-free means to commute to its office.

Genshiro Launches Chainlink-Integrated Nonfungible Tokens

Genshiro, the Kusama-based parachain of Polkadot project, Equilibrium, is set to introduce a limited-edition of NFT collectibles powered by Chainlink. The collection in question is dedicated to five major crypto assets.

Genshiro previewed the project on its official Twitter page with an image depicting cartoon kitties sporting Bitcoin, Ethereum, Polkadot, Kusama, and Genshiro logos. The Ethereum based NFTs will be integrated with Chainlink to unlock special features upon crossing certain milestones.

Mark Cuban Joins Ashton Kutcher in Funding Genius NFTs

Music-focused NFT startup Genius has just closed its $4 million fundraising round. The effort was backed by several prominent investors such as Dallas Mavericks owner Mark Cuban, actor Ashton Kutcher, Dapper Labs CEO, Roham Gharegozlou, and Morgan Creek Digital co-founder, Anthony Pompliano.

Genius is working on three different NFT projects at the moment including “Gaia” — a marketplace for music scheduled to launch on Dapper’s Flow blockchain, “Cryptobuds”, a digital arthouse for cannabis-themed artworks, and “Sidekick”, a place for collectibles inspired from comics.

The company is looking into expanding Gaia’s operations to bring sports, gaming, and comedy within its scope. Genius is confident that demand for NFTs will continue to soar despite the recent decline in the market.

READ  Ethereum’s Oldest NFTs Genesis MoonCats Face Extinction After Bot Attacks

#Ashton Kutcher #Genshiro #Kusama Parachain #Mark Cuban #NFTs #Porsche

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://www.cryptoknowmics.com/news/nft-roundup-porsche-reveals-subsidiary-chainlink-integrated-nfts-and-mark-cuban-backs-genius

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Blockchain

1Inch Exchange (1INCH) and Origin Protocol (OGN) Technical Analysis: What to Expect?

1Inch Exchange and Original Protocol are in green. OGN/USDT prices could race to $1.3 while 1INCH/USDT bulls target $7.5.

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1Inch Exchange and Original Protocol are in green. OGN/USDT prices could race to $1.3 while 1INCH/USDT bulls target $7.5.

1Inch Exchange (1INCH)

The Binance Labs-backed DEX aggregator provides the best prices for DeFi swappers. Using 1INCH token, holders have instant governance of the protocol.

Past Performance of 1INCH

Encouraging developments on June 14 as price action in the daily chart shows; bulls have the upper hand.

At the time of writing, 1INCH is up 22 percent, building on the recoveries from the tail-end of last week.

The odds of a close above $3.5 in a buy trend continuation pattern remains high.

READ  An Analysis of Polygon Network for Instant Blockchain Transactions

Day-Ahead and What to Expect

1INCH/USDT prices are leveling out after posting sharp losses from the second half of May 2021.

Overly, the path of the least resistance from the top-down is southwards.

However, that will change if today’s close is firm and with high trading volumes above $3.5.

1INCH/USDT Technical Analysis

1INCH Price Daily Chart for June 15

There is an opportunity for aggressive traders to buy the dips, targeting May 2021 highs of $7.5.

This is subject to a close above $3.5, preferably with high trading volumes.

Risk-averse 1INCH holders can wait for clearance above $4 to double down.

Losses below $2.5 and later $2 cancel the uptrend.

Origin Protocol (OGN)

OGN token is behind the platform that leverages Ethereum and the IPFS blockchain.

Their overall objective is to build a decentralized and robust system where users can promote their products cheaply, without an intermediary.

READ  SushiSwap (SUSHI) and Synthetix (SNX) Technical Analysis: What to Expect?

Past Performance of OGN

The OGN price fell 80 percent from April 2021 highs before finding support.

At press time, though, prices are recovering. OGN builds on the weekend’s gains, adding 17 percent below $1 and the middle BB.

Day-Ahead and What to Expect

The OGN/USDT prices were under pressure, but there are signs of optimism reading from price action in the daily chart.

For instance, there has been confirmation of the double-bar bullish reversal of June 12 and 13.

Additionally, since OGN prices are within the May 25 to 26 bull trade range, buyers have the upper hand from an Effort-versus-Results perspective.

This bulwarks bulls’ confidence, helping form a solid foundation.

OGN/USDT Technical Analysis

OGN Price Daily Chart for June 15

Aggressive traders may find loading opportunities below the middle BB and $1.

READ  DeFi Project KingSwap Raises $20 Million in Funding and Liquidity Support

Since there is a double-bar bullish reversal pattern of June 12 and 13 is valid, and OGN/USDT prices are within May 24 to 26 trade range, the uptrend seems firm.

OGN buyers could target $1.3.

On the other hand, losses below $0.50—May 2021 lows—invalidate the uptrend.

#1INCH Exchange #1INCH/USDT #DeFi #OGN #OGN/USDT #Origin Protocol

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Source: https://www.cryptoknowmics.com/news/1inch-exchange-1inch-and-origin-protocol-ogn-technical-analysis-what-to-expect

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Blockchain

Polkadot Surges to $25.55 on Exchanges Following Listing on Coinbase Pro

The price of Polkadot (DOT) surged to touch the level of $25.55 following the recent announcement of listing on Coinbase Pro.

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The price of Polkadot (DOT) surged to touch the level of $25.55 following the announcement of listing on Coinbase Pro. Starting from June 16, the trading of Polkadot’s DOT token will be allowed on the Coinbase Pro platform as revealed in the recent announcement.

Polkadot (DOT) Spikes Following Coinbase Pro Listing Announcement

In accordance with the announcement made today, Coinbase Pro has listed the DOT token of Polkadot and the users are now made eligible to transfer DOT into their accounts.

The announcement read:

“Starting immediately, we will begin accepting inbound transfers of DOT to Coinbase Pro. Trading will begin on or after 9 am Pacific Time (PT), Wednesday, June 16, if liquidity conditions are met.”

In addition to this, it should be noted that trading on DOT will be allowed from June 16, Wednesday. Also, a condition is provided for the beginning of the trading journey of the coin, which is the lucidity conditions that should be met. However, they are most likely to meet though.

The native token of Polkadot is to be made available in all the jurisdictions that extend support to the exchange except Singapore.

A Market Signal or Just the Magnitude of Listing?

Well, there are some rumors in the market that the rise in the price of the coin could be a signal of the market bouncing back, but no, it is not. Generally, when a coin gets listed, be it any coin, there are huge chances that the listed coin will experience inflows which will ultimately spike the price of the coin.

Since the time of the announcement regarding the listing of the native coin of Polkadot on Coinbase Pro, the coin has managed to surge to the level of $25.550 on some exchanges.

It is, considering the current market situation, a decent surge as it marked a rise of around 15%.

READ  CoinDCX Launches New Ad to Encourage Investors Amid Crypto Turmoil

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://www.cryptoknowmics.com/news/polkadot-surges-to-25-55-on-exchanges-following-listing-on-coinbase-pro

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Blockchain

LUNA Technical Analysis: Price Likely to Fall Below $6.1, $5.73, and $5.156

LUNA price is trading below the 50% FIB retracement level of $6.5. It may soon rise above the FIB retracement level of $6.50, which also acts as a strong resistance. Thereafter, we have to wait and watch if the price breaks out of this level. In that case, the price upswing is likely to continue tomorrow as well.

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According to the whitepaper, Terra (LUNA) provides fast and affordable payment solutions to its clients. LUNA does not affiliate itself through fiat-pegged stable coins. Also, LUNA owners can vote for governance in the firm. The technical analysis for LUNA is as follows:

Past Performance

On June 8, 2021, LUNA opened at $5.60. On June 14, 2021, LUNA closed at $6.23. Thus, in the past week, the LUNA price has increased by approximately 11.25%. In the last 24 hours, LUNA has traded between $5.87-$6.45.

https://d229noksprj98s.cloudfront.net/wp-content/uploads/2021/06/luna-technical-analysis-price-likely-to-fall-below-6-1-5-73-and-5-156.png

https://www.tradingview.com/x/3HSsqluk/

Day Ahead And Tomorrow

Currently, LUNA is trading at $6.39. The price has increased from the day’s opening price of $5.92. Thus, the market seems bullish.

READ  Cardano (ADA) Hits Another All-Time High Above $2, Altcoins Market Rallies

The MACD and signal lines are negative. However, a bullish crossover by the signal line over the MACD line has occurred. Thus, the overall market momentum is turning bullish. Hence, the price may rise further.

Currently, the RSI indicator is at 62.63%. It faced rejection at 52.45% and rose to this level. Thus, buying pressures are slowly mounting for LUNA. We have to wait and watch if buying pressures become strong enough to bring about a bearish trend reversal.

On the 4 hour chart, the OBV indicator is picking up the pace. Thus, it seems that buying volume is more than the selling volume. However, High selling activity will exert downward pressure on the LUNA price.

In short, when we look at all three oscillators, we can say that the price may continue to rise. However, we cannot rule out the possibility of a trend reversal. We have to wait and watch to see if an intermittent price rise is a corrective action or the beginning of a positive trend.

READ  Avalanche (AVAX) and Terra (LUNA) Technical Analysis: What to Expect?

Currently, the price is below the second Fibonacci pivot point of $6.518. If the bears remain strong till day end, then the price is likely to fall below the first, second, and third support levels of $6.1, $5.73, and $5.156 respectively.

LUNA Price Analysis

Currently, the price is below the second Fibonacci pivot point of $6.518. If the bears remain strong till day end, then the price is likely to fall below the first, second, and third support levels of $6.1, $5.73, and $5.156, respectively.

The price is trading below the 50% FIB retracement level of $6.5. It may soon rise above the FIB retracement level of $6.50, which also acts as a strong resistance. Thereafter, we have to wait and watch if the price breaks out of this level. In that case, the price upswing is likely to continue tomorrow as well.

READ  LUNA Soared Nearly 38% During Last Week, Downswing Ahead – Technical Analysis

#LUNA #Terra

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://www.cryptoknowmics.com/news/luna-technical-analysis-price-likely-to-fall-below-6-1-5-73-and-5-156

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