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XRP Price Gets Uplifted, NEO and ATA Hitched in a Similar Trend?

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XRP Price Set off to Move High

The Ripple XRP price had been trending in the cryptocurrency market amidst its price fluctuations for quite some time. But the price movement has begun to stabilize in the past few days. In the last 24 hours, when the price was substantially surging to $0.973, it fell into an ‘M’ shape and thereby into a bearish trend which dipped deep to $0.827. Currently, the price is recouping from the dip.

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XRP

At the time of typing, the XRP price is $0.877. In the early hours, with the selling pressure arresting, the price was mounting from $0.847. If this movement continues, the price will surge significantly, with bulls rallying further it may touch $0.980 or higher. However, if the bulls in the line are overtaken by bears, then the price might eventually drop back to its previous range.

Technical Specifications 

  • The resistance value is $ 0.943
  • The support value is $ 0.927
  • The indicators point out a sell signal.

NEO Price Recoup With the Downtrend

The price of NEO was seeing constant highs and lows for the past few days. Today, the price began slashing greatly and knocked down at $47.71. Undoubtedly, the buying pressure was intense, preventing the price from rising. Currently, with some bulls, the price is expected to rise and might form a steep V shape if the bullish momentum is acquired.

XRP

At the time of typing, the NEO price is $49.49. In the early hours, the price surged from $48.37 approaching $50 and beyond for today’s new high. If this continues, the price may swell further near $52 and further. But if it comes across any setback the price may fall back from this point near $50.25.

Technical Specifications 

  • The resistance value is $ 56.58
  • The support value is $ 53.17
  • The indicators point out a sell signal.

ATA Might Reach a New Daily High Soon

The ATA, the native cryptocurrency of the Automata network, landed on its feet only yesterday, opening with $1.80 and even surged up to $2.55 on the same day. However, earlier today the price reversed its movements and is slightly bearish. Currently, the price is moving linearly at $1.20, trying to overcome the bearish trap.

XRP

At the time of writing, the ATA price is seen at $1.20. In the early hours, the price was sailing near $1.65, but it lost momentum and fell to $1.303. If ATA manages to push itself, it might reach a new ATH, in the coming hours that exceed $2.55. If the movement cannot rally smashing the last high, it might sail in the same range or dip to $1.

Technical Specifications 

  • The resistance value is $ 1.81
  • The support value is $ 1.50
  • The indicators point out neutrally.

Also read: Ethereum price prediction, Will ETH hit $5000 in 2021?

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Source: https://coinpedia.org/price-analysis/xrp-price-neo-and-ata-trends/

Coinpedia

Grayscale is Considering 13 new Defi assets for its trusts!

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Grayscale Investments, the world’s largest digital asset manager, has announced the addition of 13 more crypto assets to its decentralized finance (DeFi) portfolio. It also appears to have laid the groundwork for cryptocurrency trusts in the decentralized finance (DeFi) arena.

Potential assets include 1inch, Bancor, Curve, Kava, Kyber Network, Loopring, Polygon, Ren, Universal Market Access, and 0x, as well as a variety of Decentralized Finance (DeFi) tokens, which were revealed on June 18. Not all of the assets under evaluation will be offered as investment products, according to the firm. 

The additional additions raise Grayscale’s overall number of assets investigated to 31. Grayscale presently offers 13 different asset performance monitoring tools.

Grayscale said it was revising its list of assets under consideration as part of its commitment to transparency in its most recent statement. Grayscale further stresses that due to internal controls, custody agreements, and restrictions, not all assets under consideration will be offered as investment products. 

Grayscale emphasises that “not every asset under consideration will be made into one of [its] investment products,” which appears to be the case with previously stated assets under consideration including Cardano, Eos, and Tezos.

Grayscale has a long history of connecting investors to innovative financial opportunities. They first unveiled their original list of 23 potential crypto-assets in February of this year.

Also, Basic Attention Token Trust, Chainlink Trust, Decentraland Trust, Filecoin Trust, and Livepeer TrUst were among five new digital currency investment trusts created in May.

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Source: https://coinpedia.org/news/grayscale-plan-to-invest-in-23-altcoins/

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Coinpedia

Exploring Provably Fair Mechanisms-The Key to Genuine On-Chain Gaming

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Transparency is a major flaw in online casinos. A fair chance of winning is all that a player seeks from online gambling. However, betting on online casinos puts bettors at risk of being defrauded as many gamblers have their fair share of doubt on the fairness of these casinos. From a technical perspective, it is quite natural to suspect foul play, given the technology employed by online casinos makes it very easy for them to meddle with the outcome. 

However, with the emergence of cryptocurrency casinos, a new mechanism evolved known as ‘Provably Fair Mechanism’ that addresses the lack of transparency in legacy online gaming. The new fairness algorithm makes it impossible for casinos or third-party participants to cheat or change the outcome of a roll. Such a mechanism is crucial for establishing credibility, trust, and legitimacy in the online gambling ecosystem.  

What is a Provably Fair Mechanism?

The Provably Fair Mechanism is a blockchain-backed RNG system that registers all transactions such as bets, prizes, and outcomes on a public ledger. And with smart contracts in the picture, the entire gaming process is public and governed by a code. It does not offer any opportunity for manipulation or human interference. 

In contrast, in a traditional online casino, the chances of manipulation are high since all gaming processes occur behind the scenes. Most traditional casinos relied on third-party certification to verify the transparency of their operations. With the Provably Fair Algorithm, third-party certificates have been made obsolete. This means that the services of the independent software providers are no longer necessary for casinos.

How It Works

It’s a cryptographic hash function; a one-way algorithm implemented to ensure that neither the casino nor the player can know the cards before the game starts. The main components of the system are client seeds, server seeds, and hashing function.

The casino then uses an algorithm with a random number generator to create and shuffle new decks provided with an encrypted hash that combines two variables: the server seed and the client seed.

Referred to as the digital fingerprint, the hash of the server seed is received in advance and is encrypted so that the player can be confident that it cannot be changed retrospectively. 

One of the main advantages of a provably fair system is that it allows users to see what happens behind the scenes. Plus, the algorithm is based on mathematics that guarantees that no one – the house or the bettor, can know the game’s outcome before it starts; neither can influence nor manipulate the outcome. 

For instance, let’s consider CryptoPunt – an upcoming blockchain-powered gambling platform, and how it uses provable fairness. 

Provable Fairness On CryptoPunt

CryptoPunt is a fully decentralized, blockchain-based gambling and gaming platform. It guarantees a fast and secure gambling ecosystem by leveraging Polygon –  a layer 2 Ethereum scaling solution. It boasts a verifiably fair system where all bets are registered on the public ledger. 

Verifiable and Provably Fair

CryptoPunt broadcasts all wagers and outcomes on the Ethereum blockchain via Polygon’s Layer-2 scaling solution. It allows bettors to assess the fairness of each outcome. To further bring trust into the ecosystem, CryptoPunt uses an open and auditable random number generator algorithm. This means anyone can verify the fairness of the platform. 

Fully decentralized

CryptoPunt is a fully decentralized gambling and gaming ecosystem. It is free of all third-party or intermediaries, which means there is no human interference. The system is entirely governed by smart contract law. Plus, bettors do not have to create accounts, enable KYC, or remember passwords. Instead, it allows users to sign-up using a Web3 wallet like MetaMask, MyEtherWallet, or Coinbase. 

Unlike in other blockchain-based casinos, you are not required to deposit or withdraw funds. In CryptoPunt, once you place a wager, the funds are deducted from the Web3 wallet, and winnings are instantly deposited into the wallet. As it is a decentralized platform, there is zero chance that your account will be blocked. 

The provably fair mechanism is a significant revolution that brings more accountability, fair play, instant payouts, and guaranteed fraud prevention. While many other casinos use the provably fair system, CryptoPunt is pioneering the concept with a fully decentralized gambling and gaming platform. 

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Source: https://coinpedia.org/news/genuine-on-chain-gaming/

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Coinpedia

Unstoppable Wallet Review – A Multi Blockchain Wallet.

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Unstoppable wallet aims to be a private and borderless bank that gives open access to global cryptocurrency-powered markets. While most wallets out there are set out for this very goal. In this review, let’s understand how different or the same Unstoppable Wallet is.

Know about its exclusive features, security specifications, supported tokens, and more.

Overview

Name                                         Unstoppable Wallet

Released                                     2019

Wallet type                                  Multi-currency, Non-Custodial

Platforms supported                    IOS, Android

Cryptocurrencies supported          Supports 100+ currencies, BTC, DSH, DOGE and More.

Mobile Support                                 Yes

Price                                                   Free

What is an Unstoppable Wallet ?

Unstoppable is a non-custodial and user-friendly Bitcoin and cryptocurrency mobile wallet. This wallet includes some key functions for storing, exchanging, and monitoring Bitcoin performance while being anonymous.

Unstoppable is open-source, decentralized crypto storage. It is a more recent wallet that is designed to be quick and simple to use. It can hold most major cryptos, including Bitcoin, Ethereum, Litecoin, Binance, Bitcoin Cash, and numerous ERC20 and BEP2 standard cryptocurrency tokens.

Wallet Features

Ease of Use: Unstoppable design and interface are far superior to those of other non-custodial programs available.

Multi Blockchain: Unstoppable is the only non-custodial mobile wallet that supports the blockchains of Bitcoin, Bitcoin Cash, Ethereum, Dash, EOS, and Binance DEX, as well as all tokens that exist on those blockchains.

Standard-Compliant: Most Bitcoin wallets are either non-standard or only support one of the three widely accepted standards. The BIP44, BIP49, and BIP84 standards are all supported by Unstoppable.

Peer to Peer basis: Since there are no central servers, hackers, governments, or corrupt operating systems will never be able to block or take the app down.

High Anonymity: During the sign-up process, the app does not ask for any personal information. There is no need to register an account, there are no identity checks or KYC processes, and your transaction data is not stored on third-party servers.

How to Use Unstoppable

When you initially use the app, you’ll be given the option of creating a new wallet or restoring an existing one.

After you’ve completed the basic setup, go to the Balance tab. Any coins you hold, as well as the current USD conversion rate, the number of tokens you own, and the daily price change, will be listed. The value of your entire wallet in USD will be displayed at the very top of the screen.

A user can access various security options on the wallet. There is a Security Center, Theme, Language, and Coin Management.

How to Send Tokens

Step 1: Tap on “ token” on the Balance tab (the token you need to send)

Step 2: Now tap on the Send button on the right-hand side of your wallet

Step 3: Enter the number of tokens and the crypto address of the person you would like to send the crypto to.Select Next to review and confirm the details of this send.

Step 4: Check the address and amount, check fee cost and confirm sending

How to Receive Tokens

Step 1: Tap on “token” on the Balance tab (the token you need to receive)

Step 2: Now tap on the Receive button on the left-hand side of your wallet

Step 3: Here you will see your address in plain text and as a QR code. You can use this address to receive funds.

Supported Cryptocurrencies

Unstoppable supports 100+ cryptocurrencies. Some of the major tokens are as follows,

  • Aave
  • BAT
  • Binance
  • Bitcoin
  • Chainlink
  • Dash
  • Enjin
  • Ethereum
  • Matic 
  • Ripple

Fees & Limits

This wallet makes fee recommendations based on current network circumstances. This implies that this wallet will assist you in determining the proper fee so that your transactions are confirmed quickly without costing you more than necessary.

Fees are subject to change based on market demand and network capacity. How much you’re willing to spend determines how much you pay per transaction.

Your transaction will be handled faster if you pay more. Those who pay less have their transactions put on hold until the miners see no other transactions with greater priority.

Pros & Cons

Pros

  • Multi Wallet
  • Non Custodial
  • KYC not required
  • Private & Secure

Cons

  • Fees is not determined
  • No two-factor authentication
  • Not available for desktop

Is Unstoppable Safe ?

Unstoppable is audited by Bitcoin.org, Certick, and approved by wallet scrutiny. The wallet keeps the user’s anonymity intact. During the sign-up process, the app does not ask for any personal information. There is no need to register an account, there are no identity checks or KYC processes, and your transaction data is not stored on third-party servers.

Your tokens’ private keys are saved on your device and never leave it. That means you are the only one who has access to your funds; no one else can make a transaction in your wallet.

Conclusion

Unstoppable is a noncustodial, private, and safe wallet. The features are quite compelling and it is easy to use. A lot of cryptocurrencies are supported on the platform and trading them is a hassle-free experience. Hence, in a nutshell, Unstoppable is a wallet worth giving a shot.

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Source: https://coinpedia.org/crypto-wallet/a-multi-blockchain-wallet-review/

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Hoskinson Disses Dogecoin! Questions its Relevance

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Amongst the plethora of things, Hoskinson spoke on the Lex Fridman podcast, Why Tesla should opt for Cardano over Bitcoin and what’s the relevance and significance of Dogecoin were some interesting takes we’d like to pick on.

Charles Hoskinson on the podcast said, if Tesla truly cares about sustainability and carbon neutrality it should abandon Bitcoin 

“Well, if they truly care about alternative energy, sustainability, carbon reduction, and carbon neutrality, you can’t be in a system where there’s no built-in mechanism to constrain the energy consumption,” he said. 

However, he reluctantly did admit that the claim that Bitcoin could use otherwise wasted energy has some merit. 

He even says, unless Tesla can establish that the proliferation of bitcoin will legitimately result in the development of wind, battery, and solar energy. They should just focus on green cryptos. 

Hoskinson had earlier noted that Cardano uses only 6-gigawatt hours of energy per year, which is a tiny fraction of the massive energy used by bitcoin.

It’s not only about concerns about climate change; according to Hoskinson, Bitcoin is “the least programmable crypto,” limiting it from achieving “interesting, unique, sexy things.”

Also Read : Is Cardano a Possible Alternative For Tesla? ADA Price Hits New Heights

When asked about Dogecoin and the hype it has got by Musk’s endorsement, Hoskinson made some arguably critical points about the token and its use case.

Dogecoin started as a parody, but it has grown into such a massive thing, according to Hoskinson, that it is a viable target for someone to fix it up, mend it, and turn it into intriguing crypto.

He says it’s really hard to build crypto with a good use case and questions what’s the use case Dogecoin has.

“What’s the point of Doge, Is it just a Meme? Is it just contending to be useful? Or is it competing as a store of value against Bitcoin” 

He goes onto say that if Doge wants to be a store of value, why does it have the monetary policy that it does? He also asserts that Doge has a predatory distribution, with over 90%  consolidated in the hands of less than 1% of holders at a very low price. If these investors start selling and profiting, it will impact retail investors.

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Source: https://coinpedia.org/breaking-news/hoskinson-disses-dogecoin/

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