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Why this coin’s price is up 20% when all else is red – Buy Theta Fuel

Theta Fuel is rocking the house. The crypto market is a sea of red today but there is one coin that stands out amidst the […]

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Theta Fuel is rocking the house. The crypto market is a sea of red today but there is one coin that stands out amidst the carnage, and that’s Theta or to be more precise its gas coin Theta Fuel.

Theta Fuel is up 20% today while all around tens of billions of dollars is being wiped off market valuations.

Why? It’s because the mainnet goes live on 30 June and the price (of both coins) has been rising in anticipation of that event.

Theta is the native token of the network, which is a blockchain protocol for streaming video content, with the aim of improving both the delivery and quality of video.

theta and theta fuel price chart
Since the end of May Theta Fuel has tended to outperform the Theta token

Theta is powering video streaming with blockchain

It includes a clever approach, although it is not unique, as users of BitTorrent will tell you. Chief among its features is to incentivise network users to share unused or redundant computing resource and bandwidth peer to peer.

In addition, the other main feature of the network is in enabling a peer to download from another peer, and not just from the original distributor of video content.

But unlike BitTorrent, which has made its name as the go-to tool for piracy, Theta is about optimising efficient content distribution that lowers cost of delivery.

And also, unlike BitTorrent, Theta actually fully operates on the blockchain. Justin Sun‘s Tron bought BitTorrent back in 2019 and created the BTT token, which naturally runs on the Tron blockchain and is used for incentivising activity but is very far from a video delivery system running on distributed ledger technology.

Theta Fuel (TFUEL) up 20% today at $0.568

Today Theta is actually down, but is still outperforming the rest of the market, showing a decline of -4% to $8.9 compared to bitcoin’s  -8% to $33,196, at time of writing.

But it is the Gas token of the network that has got us excited today. Theta Fuel (TFUEL) is up an astonishing 20% at $0.568, up 3% since I started writing this story.

As with Gas on Ethereum, Theta Fuel is used to pay for on-chain computations in smart contracts and for their deployment, and in the case of the Theta network, used for the remuneration of the relayers of streamed video content.

Market participants began to sit up and take notice of Theta when talent agency the Creative Artists Agency (CAA)joined the network by becoming the operator of one of its  validator nodes.
 

Theta has a super fast dPoS blockchain

Unlike Ethereum, Theta operates on a Proof of Stake protocol of the delegated variety (dPoS), which makes it a super-fast and cheap network.

In June last year Binance Research estimated that Theta network on-chain transactions per second (tps) would be around 500 and 10,000-plus for bandwidth sharing.

In addition to the validator nodes run by the likes of CAA, the network also has community-run ‘Guardian’ nodes and these also got some love a couple of days ago when the devs announced another successful milestone in Theta’s journey, with the launch of 1-click delegated staking through its wallet.

We rate Theta Fuel a strong buy as well as the Theta token itself. Down days are good for accumulation but you may want to dollar cost average into the market at this point by buying a manageable amount on a regular basis, as there is always the risk of a ‘buy the new, sell the rumour’ moment after the mainnet goes live (30 June), with traders looking to book profits.

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Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://insidebitcoins.com/news/why-this-coins-price-is-up-20-when-all-else-is-red-buy-theta-fuel

Blockchain

Hedge Funds Plan to Allocate 7% of Portfolios in Cryptocurrencies by 2026: FT Survey

A survey with 100 hedge funds concluded that CFOs plan to allocate over 7% of their portfolios in bitcoin and other cryptocurrencies by 2026.

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Large hedge funds expect to increase their cryptocurrency holdings to 7% in five years, a recent survey conducted by the Financial Times concluded. This comes after the increased involvement from prominent names like Stan Druckenmiller, Paul Tudor Jones III, SkyBridge Capital, and more.

Hedge Funds to Increase Crypto Holdings

It’s safe to say that 2020 was Bitcoin’s breakout year in terms of institutional adoption. The COVID-19 pandemic and the financial catastrophe it caused ultimately highlighted BTC’s merits over most traditional investment tools, which attracted corporations and institutions that steered clear of it up until that moment.

According to a survey by the FT, this will only increase in the next five years. Following a survey among officers from over 100 global hedge funds, the paper concluded that “executives expect to hold an average of 7.2 percent of their assets in cryptocurrencies in five years’ time.”

Although the current holding numbers are unknown, the publication concluded that such an allocation would “represent a large increase” in funds put in various digital assets.

Per David Miller, executive director at Quilter Cheviot Investment Management, hedge funds are “well aware not only of the risks but also the long-term potential” of bitcoin and other cryptocurrencies.


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However, analysts from the consulting company Oliver Wyman argued that digital asset purchases still “remain limited to clients that have a high-risk tolerance, and, even then, investments are typically a low proportion of investable assets.”

Who Bought In?

While some institutions contemplate on whether or not they should buy or increase their crypto holdings now, others have already done so.

Perhaps it all started with the billionaire hedge fund manager – Paul Tudor Jones III. He was among the first to openly praise BTC after the COVID-19 pandemic because he considered it a proper safe haven instrument against the rising inflation in the US.

He allocated up to 3% of his portfolio in BTC at the time but said he wants to have 5% in the primary cryptocurrency just recently. Stan Druckenmiller, another legend of the legacy financial markets, echoed his words shortly after.

Anthony Scaramucci, the founder and CEO of SkyBridge Capital, was next. He and his organization came on board in late 2020 through a Bitcoin Fund with an initial multi-million dollar investment.

It’s also worth highlighting that US banks, some of the biggest critiques until recently, have also expressed interest in entering the space. Some, like BNY Mellon, have revealed plans to launch cryptocurrency custodians. Others, like Morgan Stanley, will enable their institutional clients to receive BTC exposure through several funds.

Goldman Sachs filed for a Bitcoin ETF, while JPMorgan is reportedly developing an actively managed BTC fund.

SPECIAL OFFER (Sponsored)

Binance Futures 50 USDT FREE Voucher: Use this link to register & get 10% off fees and 50 USDT when trading 500 USDT (limited offer).

PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to get 50% free bonus on any deposit up to 1 BTC.

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Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://cryptopotato.com/hedge-funds-plan-to-allocate-7-of-portfolios-in-cryptocurrencies-by-2026-ft-survey/

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Blockchain

Hedge Funds Plan to Allocate 7% of Portfolios in Cryptocurrencies by 2026: FT Survey

A survey with 100 hedge funds concluded that CFOs plan to allocate over 7% of their portfolios in bitcoin and other cryptocurrencies by 2026.

Published

on

Large hedge funds expect to increase their cryptocurrency holdings to 7% in five years, a recent survey conducted by the Financial Times concluded. This comes after the increased involvement from prominent names like Stan Druckenmiller, Paul Tudor Jones III, SkyBridge Capital, and more.

Hedge Funds to Increase Crypto Holdings

It’s safe to say that 2020 was Bitcoin’s breakout year in terms of institutional adoption. The COVID-19 pandemic and the financial catastrophe it caused ultimately highlighted BTC’s merits over most traditional investment tools, which attracted corporations and institutions that steered clear of it up until that moment.

According to a survey by the FT, this will only increase in the next five years. Following a survey among officers from over 100 global hedge funds, the paper concluded that “executives expect to hold an average of 7.2 percent of their assets in cryptocurrencies in five years’ time.”

Although the current holding numbers are unknown, the publication concluded that such an allocation would “represent a large increase” in funds put in various digital assets.

Per David Miller, executive director at Quilter Cheviot Investment Management, hedge funds are “well aware not only of the risks but also the long-term potential” of bitcoin and other cryptocurrencies.


ADVERTISEMENT

However, analysts from the consulting company Oliver Wyman argued that digital asset purchases still “remain limited to clients that have a high-risk tolerance, and, even then, investments are typically a low proportion of investable assets.”

Who Bought In?

While some institutions contemplate on whether or not they should buy or increase their crypto holdings now, others have already done so.

Perhaps it all started with the billionaire hedge fund manager – Paul Tudor Jones III. He was among the first to openly praise BTC after the COVID-19 pandemic because he considered it a proper safe haven instrument against the rising inflation in the US.

He allocated up to 3% of his portfolio in BTC at the time but said he wants to have 5% in the primary cryptocurrency just recently. Stan Druckenmiller, another legend of the legacy financial markets, echoed his words shortly after.

Anthony Scaramucci, the founder and CEO of SkyBridge Capital, was next. He and his organization came on board in late 2020 through a Bitcoin Fund with an initial multi-million dollar investment.

It’s also worth highlighting that US banks, some of the biggest critiques until recently, have also expressed interest in entering the space. Some, like BNY Mellon, have revealed plans to launch cryptocurrency custodians. Others, like Morgan Stanley, will enable their institutional clients to receive BTC exposure through several funds.

Goldman Sachs filed for a Bitcoin ETF, while JPMorgan is reportedly developing an actively managed BTC fund.

SPECIAL OFFER (Sponsored)

Binance Futures 50 USDT FREE Voucher: Use this link to register & get 10% off fees and 50 USDT when trading 500 USDT (limited offer).

PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to get 50% free bonus on any deposit up to 1 BTC.

You Might Also Like:


Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://cryptopotato.com/hedge-funds-plan-to-allocate-7-of-portfolios-in-cryptocurrencies-by-2026-ft-survey/

Continue Reading

Blockchain

Solanax Launches Private Token Sale, IEO Starts on June 28

[PRESS RELEASE – Please Read Disclaimer] Solanax, a Solana-based DeFi protocol is currently conducting a private token sale that ends on the 25th of June. They are also aiming to proceed with an initial exchange offering (IEO) that is set to commence on the 28th of June. Solanax went live recently with their automated market […]

Published

on

[PRESS RELEASE – Please Read Disclaimer]

Solanax, a Solana-based DeFi protocol is currently conducting a private token sale that ends on the 25th of June. They are also aiming to proceed with an initial exchange offering (IEO) that is set to commence on the 28th of June.

Solanax went live recently with their automated market maker (AMM) and decentralized exchange (DEX) platform on the Solana Blockchain. Regarding the launch, the team said, “SOLANAX are attempting to eliminate centralized intermediaries and pave the way for full decentralization, censorship-resistant, and safe trading within the Solana ecosystem and beyond”

Introducing Solanax

Solanax is a decentralized exchange built on top of the Solana blockchain that leverages the exciting features of the fastest-growing blockchain. The project resolves a long-standing problem with scalability and transaction throughput in DEXes, driving the adoption of DeFi products and services.

Solanax also allows peers on the Solana blockchain and beyond to trade directly between themselves without intermediaries through self-custody or non-custodial wallets.

SOLD Token Distribution

Solanax will distribute at least 20 million $SOLD tokens before getting listed on a centralized exchange. The project currently offers crypto enthusiasts and investors a chance to get a hold of their native token through their private sale which ends on the 28th of June. In this sale, Solanax is offering 10 million tokens at $0.1 per token, considering a three-month vesting period, or $0.15 per token without a vesting period. The private sale aims to raise at least $1 million.

In the subsequent IEO that launches on June 28th, another 10 million SOLD tokens will be distributed in multiple rounds with a target of at least $2 million from the offering. The private sale and IEO will distribute a combined 25% of the total tokens.

Solanax Features

Solanax is unlike any other DEX in the crypto space. The protocol’s versatility powered by Solana builds a trader-first DEX design, where trading features are optimized for investors to buy, sell and transfer crypto assets seamlessly. Solanax is the ultimate CEX-killer, offering at-par if not better features that traders look out for in a crypto exchange.

Listed below are some of the notable features/experiences that set Solanax apart:

  • Hassle-free trading with high liquidity across Solanax, as investors are incentivized to provide liquidity to low-volume assets while maintaining high liquidity in popular assets.
  • Rapid and seamless transaction settlement powered by Solana’s high transaction throughput.
  • Very low transaction fees for swapping SPL tokens.
  • Open-source Liq and DeFi protocol. There are several ways people will be able to earn rewards.
  • Plans for cross-blockchain Bridge implementation via Wormhole / Binance Bridge / Solanax Token Converter
  • Runs on the more powerful and highly scalable Solana blockchain.
  • Fully decentralized, censorship-resistant with a secure hybrid consensus model

Apart from the aforementioned features, the platform will offer unmatched flexibility for traders to access digital assets on the Ethereum blockchain. In this ecosystem, developers can convert ERC-20 tokens into SPL tokens compatible with the Solana ecosystem, then deploy the tokens to decentralized apps (dApps) like Solanax.

The team has reserved 40% of the 80 million total supply of $SOLD for platform incentives. These include staking and liquidity mining rewards. Solanax DEX also has a farming platform where traders can stake LP tokens and earn farming rewards. The aim is to increase use cases and incentives on the platform to make this ecosystem a community-based decentralized exchange. To be a part of the community while the project is in the early stages, be a part of the IEO and the private sale using the information given below.

Contact

Website

Private Token Sale: email – sales AT solanax.org

Twitter

Telegram

SPECIAL OFFER (Sponsored)

Binance Futures 50 USDT FREE Voucher: Use this link to register & get 10% off fees and 50 USDT when trading 500 USDT (limited offer).

PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to get 50% free bonus on any deposit up to 1 BTC.


Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://cryptopotato.com/solanax-launches-private-token-sale-ieo-starts-on-june-28/

Continue Reading

Blockchain

Solanax Launches Private Token Sale, IEO Starts on June 28

[PRESS RELEASE – Please Read Disclaimer] Solanax, a Solana-based DeFi protocol is currently conducting a private token sale that ends on the 25th of June. They are also aiming to proceed with an initial exchange offering (IEO) that is set to commence on the 28th of June. Solanax went live recently with their automated market […]

Published

on

[PRESS RELEASE – Please Read Disclaimer]

Solanax, a Solana-based DeFi protocol is currently conducting a private token sale that ends on the 25th of June. They are also aiming to proceed with an initial exchange offering (IEO) that is set to commence on the 28th of June.

Solanax went live recently with their automated market maker (AMM) and decentralized exchange (DEX) platform on the Solana Blockchain. Regarding the launch, the team said, “SOLANAX are attempting to eliminate centralized intermediaries and pave the way for full decentralization, censorship-resistant, and safe trading within the Solana ecosystem and beyond”

Introducing Solanax

Solanax is a decentralized exchange built on top of the Solana blockchain that leverages the exciting features of the fastest-growing blockchain. The project resolves a long-standing problem with scalability and transaction throughput in DEXes, driving the adoption of DeFi products and services.

Solanax also allows peers on the Solana blockchain and beyond to trade directly between themselves without intermediaries through self-custody or non-custodial wallets.

SOLD Token Distribution

Solanax will distribute at least 20 million $SOLD tokens before getting listed on a centralized exchange. The project currently offers crypto enthusiasts and investors a chance to get a hold of their native token through their private sale which ends on the 28th of June. In this sale, Solanax is offering 10 million tokens at $0.1 per token, considering a three-month vesting period, or $0.15 per token without a vesting period. The private sale aims to raise at least $1 million.

In the subsequent IEO that launches on June 28th, another 10 million SOLD tokens will be distributed in multiple rounds with a target of at least $2 million from the offering. The private sale and IEO will distribute a combined 25% of the total tokens.

Solanax Features

Solanax is unlike any other DEX in the crypto space. The protocol’s versatility powered by Solana builds a trader-first DEX design, where trading features are optimized for investors to buy, sell and transfer crypto assets seamlessly. Solanax is the ultimate CEX-killer, offering at-par if not better features that traders look out for in a crypto exchange.

Listed below are some of the notable features/experiences that set Solanax apart:

  • Hassle-free trading with high liquidity across Solanax, as investors are incentivized to provide liquidity to low-volume assets while maintaining high liquidity in popular assets.
  • Rapid and seamless transaction settlement powered by Solana’s high transaction throughput.
  • Very low transaction fees for swapping SPL tokens.
  • Open-source Liq and DeFi protocol. There are several ways people will be able to earn rewards.
  • Plans for cross-blockchain Bridge implementation via Wormhole / Binance Bridge / Solanax Token Converter
  • Runs on the more powerful and highly scalable Solana blockchain.
  • Fully decentralized, censorship-resistant with a secure hybrid consensus model

Apart from the aforementioned features, the platform will offer unmatched flexibility for traders to access digital assets on the Ethereum blockchain. In this ecosystem, developers can convert ERC-20 tokens into SPL tokens compatible with the Solana ecosystem, then deploy the tokens to decentralized apps (dApps) like Solanax.

The team has reserved 40% of the 80 million total supply of $SOLD for platform incentives. These include staking and liquidity mining rewards. Solanax DEX also has a farming platform where traders can stake LP tokens and earn farming rewards. The aim is to increase use cases and incentives on the platform to make this ecosystem a community-based decentralized exchange. To be a part of the community while the project is in the early stages, be a part of the IEO and the private sale using the information given below.

Contact

Website

Private Token Sale: email – sales AT solanax.org

Twitter

Telegram

SPECIAL OFFER (Sponsored)

Binance Futures 50 USDT FREE Voucher: Use this link to register & get 10% off fees and 50 USDT when trading 500 USDT (limited offer).

PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to get 50% free bonus on any deposit up to 1 BTC.


Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://cryptopotato.com/solanax-launches-private-token-sale-ieo-starts-on-june-28/

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