PRESS RELEASE. Singapore / February 29th, 2024 / – BitTorrent Chain (BTTC), a pioneering force in blockchain interoperability and scalability, has been featured in recent reports by CoinMarketCap (CMC) and Reflexivity Research, highlighting its growing influence in the blockchain sector. CoinMarketCap’s report offers a deep dive into the cross-chain interoperability sector, where BTTC stands out […]
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Cogwise (COGW) Projected to Reach Top 30 Tokens on CoinMarketCap in 2024
The world of cryptocurrency has seen a surge in popularity over the past few years, with many investors turning to digital currencies as a way to diversify their portfolios. However, with the increasing number of cryptocurrencies on the market, it can be difficult to make informed investment decisions. This is where AI technology comes in.
Introducing the latest project to join the world of cryptocurrency, Cogwise. The project aims to revolutionize the crypto industry by using AI technology to provide investors with real-time data and insights to help them make informed investment decisions.
Why is Cogwise (COGW) Projected to Reach Top 30 Tokens on CoinMarketCap?
Cogwise (COGW) is a relatively new player in the cryptocurrency space, but it has been making waves with its impressive performance in the presale stages. The native token of the Cogwise platform and ecosystem is COGW, which is used to access various features and services on the platform, including staking, yield farming, and governance. COGW token holders can also access exclusive benefits and rewards, such as early access to new features and products.
Cogwise has been gaining a lot of attention from investors due to its strong community and impressive gain potential. Experts have projected that Cogwise (COGW) will reach the top 30 tokens by 2024, which would be a remarkable achievement for the relatively new project.
As of writing, Cogwise is in the midst of its Presale, raising over million. The funds accumulated through the presale will be channeled into further enhancing Cogwise’s AI technology, propelling its growth and influence in the market.
Participate through their website cogwise.io
In the meanwhile take a look at the whitepaper, which is outlining the comprehensive details of Cogwise’s approach, methodology, and the transformative impact they aim to achieve.
Unlocking the Potential
Cogwise isn’t just another AI model—it’s a game-changer for individuals, developers, and businesses deeply rooted in the blockchain sector. It offers an array of unique features that empower users, for example:
- no-code smart contract generator
- smart-contract auditor
- technical analysis tools
- wallet tracking capabilities
- real-time alerts
- news aggregator
Decoding the Magic Behind Cogwise
At the heart of Cogwise lies its impressive AI engine, the Cogwise Core. This intelligent core takes commands from prompts and returns comprehensive answers, assisting users with a vast array of tasks. Whether you’re delving into the depths of technical analysis, seeking insights on crypto trends, or exploring the intricacies of smart contracts, the Cogwise Core is your guiding light.
Real Time Trading
In the fast-paced world of trading, having access to accurate market data and being able to quickly analyze it can be the difference between making a profit and missing out on a potentially lucrative opportunity. That’s where cogwise AI that uses a market scanner to rank trading opportunities based on their relative volume, percental price change, momentum, and float comes in.
The automated system executes trades at exceptional speed, outpacing human traders and potentially increasing profits. Traders can backtest strategies using historical data, ensuring profitability and responsiveness to market shifts. This focused approach allows for efficient trading within the cryptocurrency market, saving time and resources while maximizing profitability.
Join the Revolution:
The Crypto AI Project’s private round sale is an unparalleled opportunity to invest in a game-changing project that stands at the intersection of AI and the world of finance. Cogwise presents a golden opportunity for investors to embark on the ground floor of the next crypto sensation.
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CoinMarketCap Announces Gaimin’s GMRX Token to Be Incubated by CMC Labs in a Historic First
PRESS RELEASE. GAIMIN (www.gaimin.io), the world’s leader in delivering decentralised data processing power through gaimin.cloud (www.gaimin.cloud), has been selected by CoinMarketCap as an inaugural incubatee of the new CMC Labs accelerator program.
CoinMarketCap (CMC) is the most valued source of news, data and community engagement for the crypto market and crypto stakeholders. With over 64 million daily active users, CMC only links their name to trusted and proven organisations. The newly launched CMC Labs incubator program is designed to leverage the expertise and brand of CMC with only those organisations who demonstrate proven strategic ability to deliver innovative products and services within the crypto industry.
GAIMIN has been handpicked by CMC for the incubation of GMRX, GAIMIN’s utility token designed to support the GAIMIN ecosystem and deliver maximum utility to gamers through its games launcher, gaming platform and monetization engine. Being selected by CMC as one of its first incubated projects is a testament to GAIMIN’s strategic approach to the development of its products and services prior to listing of GMRX.
Martin Speight, CEO of GAIMIN commented, “We are delighted CMC has selected GAIMIN to be an inaugural incubatee for CMC Labs. Combining CMC’s 64 million daily active users with their expertise and knowledge of the crypto industry will ensure we have the best possible springboard for the successful launch of our GMRX token.”
Rush, CEO of CoinMarketCap confirmed, “We are proud to welcome GAIMIN as an incubatee of CMC Labs, our Web3 accelerator program. GAIMIN is a pioneer in the Web3 gaming space, providing gamers with new ways to earn rewards and own their in-game assets. We look forward to working closely with the GAIMIN team to help them achieve their full potential.”
Martin concluded, “Over the past 5 years, GAIMIN has been developing its products and services, with specific focus on the gaming ecosystem and associated user community. Having a working product, combined with partnership agreements for monetizing data processing services with AI focussed companies, was a deciding factor in CMC’s decision to select GAIMIN for its incubator program. GAIMIN is now poised to be one of the most highly anticipated token listings in 2024. This agreement will ensure the launch of GMRX onto the crypto market will be one of the most successful crypto launches ever!”
The incubator agreement between GAIMIN and CMC Labs delivers mutual benefit to both organisations. Not only does GAIMIN benefit from CMC’s 64 million daily active users, and their leading crypto market expertise, but CMC will also benefit from its brand inclusion on Gaimin Gladiators’ esports team merch and social media posts. Gaimin Gladiators achieved 12Bn+ impressions in 2023 from its DOTA2, Fortnite, PubG Mobile and Rocket League team successes and anticipates substantial growth in 2024 as a result of the continued success of the existing teams along with the acquisition of new game genres and teams into the Gaimin Gladiators organisation.
About CoinMarketCap
CoinMarketCap is the world’s most-referenced price-tracking website for cryptoassets in the rapidly growing cryptocurrency space. Its mission is to make crypto discoverable and efficient globally by empowering retail users with unbiased, high quality and accurate information for drawing their own informed conclusions.
For more information please visit: www.coinmarketcap.com
About GAIMIN
GAIMIN.IO Ltd (GAIMIN) is a UK and Swiss-based gaming company focused on helping the gaming community monetize the computational power of their gaming PC. GAIMIN has created a decentralized data processing network harnessing underutilized processing power typically found in gaming PCs to create a world-wide decentralized data processing network, delivering supercomputer performance.
With a free-to-download PC-based application, GAIMIN monetizes the under utilised performance through innovative approaches to delivering supercomputer-level data processing performance from a world-wide network of independent processing devices which power GAIMIN.CLOUD. Focusing initially on video rendering and AI data processing, with an always available service to power blockchain computations, the GAIMIN data processing network is continuously delivering data processing services and returning rewards back to its user community.
GAIMIN rewards users in its own cryptocurrency, GMRX which can then be used for purchases on the GAIMIN Marketplace for NFTs, in-game assets, accessories, and merchandise, or it can be converted to fiat or a different cryptocurrency.
For more information on GAIMIN, check the website: www.gaimin.io
To download the GAIMIN app, visit: www.gaimin.gg
For up-to-date information, please follow the following GAIMIN social media accounts:
- Facebook: https://www.facebook.com/Gaimin.io
- Instagram: https://www.instagram.com/gaimin_io/
- Twitter: https://twitter.com/GaiminIo
- LinkedIn: https://www.linkedin.com/company/gaimin/
- YouTube: https://www.youtube.com/c/Gaimin
- Telegram: https://t.me/+XFTC523WeTI1MjA0
- Discord: https://discord.gg/SmYsmVS8x7
- TikTok: https://www.tiktok.com/@gaimin.gg
For further information, please contact:
The Americas, Middle East and Australian Pacific – Andrew Faridani, Chief Marketing Officer for GAIMIN (based in Toronto, Canada): andrew@gaimin.io
UK and Europe – Marc Bray, Chief Communications Officer for GAIMIN (based in Manchester, UK): marc@gaimin.io
This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.
Crypto Community At CoinMarketCap Predicts $1 Cardano By June 30
Cardano’s price has been growing in recent weeks while the rest of the cryptocurrency market has been falling. This trend has encouraged some in the crypto community to be optimistic about its future price and make it a bright light among digital coins and tokens.
According to the most recent predictions made using CoinMarketCap’s Market Estimation tool, which allows users to make crypto price predictions and check their average score, the community expects this crypto to trade at roughly by the end of June.
Related Reading | Crypto Analyst Says Cardano, Avalanche and Two Others Have Potential To Perform Well In Bear Trend
CoinMarketCap Price Estimation Pool Figures
Cardano hit a price of .4 on May 12 and then quickly reversed to .59 on May 13. The price then gradually dropped to .44 over the next few weeks. The price was still 10% higher than the low before, but we could call this a test of the bottom. ADA surged almost 50% since the test happened.
ADA price estimates show an average price of .034 on June 30, 2022, which is .423 up from the current price or a 69.23% increase. As per the data obtained on May 31 from the analytics portal CoinMarketCap, Cardano was trading at .6698, a gain of 28.77% on the day and a gain of 29.10% compared to seven days earlier.
ADA is currently trading at .59 | Source: ADA/USD price chart from Tradingview.com
According to the poll, there are about 24,430 people who have voted on May 30. 15,911 votes predicted that the price of ADA will rise relatively less by July 31- to .9399.
Meanwhile, under statistics acquired on May 31 from Cardano Blockchain Insights, Cardano is back to having close to 0 million in its treasury or exactly 8,403,802.47. Through a voting procedure, the Cardano treasury is utilized to provide funds for the development of Cardano activities.
Other Cardano Developments
Like the hardfork approaches, other developments include the average Cardano blockchain load lasting reasonably high, at 64% on average in May. This implies that roughly 64% of blocks were utilized during this month.
In other good news for the chain, in the month leading up to May 20, it gained more than 2,000 new wallets every day, for a total of 70,211 between April 19 and May 19. According to data from Cardano Blockchain Insights, it had 3,357,509 user’s wallets as of May 30.
Related Reading | TA: Bitcoin Price Resumes Decline, Can The Bulls Save This Support
In addition, the successful introduction of ADACash gives Cardano a boost. On the other hand, developers aren’t slowing down when it comes to new ADA-USD projects. They market these projects as a third-generation blockchain after Bitcoin and Ethereum.
Cardano is working on new projects, such as a marketplace for NFTs and a DeFi transaction exchange. These projects will take time to launch, but they demonstrate the value and capability of the Cardano blockchain. Which could lead to future growth in the ADA/USD price.
Featured image from Pixabay, and chart from Tradingview.com
CoinMarketCap Adds Token Swap Feature Through Uniswap Integration
The popular crypto-data aggregator CoinMarketCap launched a feature integrating Uniswap that facilitates Ethereum token swaps. The network integrated with Uniswap to achieve this feat, and according to the team, they’ll add more networks and decentralized exchanges.
🚀 We’re incredibly excited to see Uniswap integrated natively into @CoinMarketCap
🔥 Token pages now have a "Swap" icon allowing users to connect to an Ethereum wallet and instantly trade that token through the Uniswap protocol
👏👏👏 awesome work on the integration!!! https://t.co/qm4SbcTTCA pic.twitter.com/PwO3mEWJU4
— Uniswap Labs 🦄 (@Uniswap) June 30, 2021
Swap Ethereum-Based Tokens Easily
CoinMarketCap’s integration with Uniswap will enable swapping between Ethereum-based digital assets. Users can now access the token swapping feature through the swap icon on the aggregator’s website.
Users are obligated to connect their wallets to swap between ERC-20 tokens as they please seamlessly. The wallets that users can connect are WalletConnect, Coinbase, Portis, MetaMask, and Fortmatic.
According to CoinMarketCap, there will be more integrations with other networks and DEXs. However, the platform supports only Ethereum and Uniswap V1 and V2 for the token swaps.
Related Reading | TA: Ethereum Corrects Lower, What Could Spark A Fresh Rally
Previously, there has been an increase in CoinMarketCap’s traffic. In early January 2021, the platform recorded 101 million visits, but the number increased to 272.32 million in May.
Most of the traffic for CMC is, of course, coming from Binance. According to SimilaWeb, a firm that conducts website analytics, the total referrals from the parent company in May was up to 52.68% of the total traffic.
Brief On CoinMarketCap And Binance Acquisition
CoinMarketCap is a popular and reliable crypto-assets data aggregator that investors of all levels depend on for real-time updates.
The company behind this engine now is Binance, after acquiring it on April 2, 2020. But before Binance bought the data aggregator, it has been operating since 2013. Within this period, CoinMarketCap garnered popularity as a reliable data website globally.
Related Reading | UK Regulators Prohibit Binance, What’s Ahead For The Crypto Exchange?
Fast-forward to 2019; the website launched a new feature, “crypto indices” on reputable finance platforms in the industry such as Bloomberg Terminal and Nasdaq Global Index Data Service.
After the Binance acquisition, things changed drastically for the firm. Many top executives left the company a few months after the takeover.
Even though Binance announced that CoinMarketCap would operate independently, it didn’t stop the executives from leaving. Top executives such as CEO Carlyne Chan, Spencer Yang, and even Jeremy Seow left the firm.
Uniswap Integration Intends to Enhance Crypto-Investment Experience
Uniswap is a decentralized exchange operating on the Ethereum blockchain to facilitate seamless token swaps. For example, users can swap ERC-20 tokens through CoinMarketCap’s newly introduced feature.
Related Reading | The USDC Stablecoin Will Soon Expand Its Reach To 10 More Networks
Uniswap has been operating on the Ethereum blockchain since 2018. So, this integration is a collaboration between two giants for a better crypto investment experience.
Also, it is worth noting that CEO Carylyne Chan announced her vision for more crypto adoption. So, it seems that the vision is gradually becoming a reality even in her absence.
The top DeFi token, Uniswap, is expected to reclaim the mark after such significant news. For now, UNI is down by 5%, but the bulls are fighting to take the Uniswap price in the green zone.
Featured image from CoinMarketCap, chart from TradingView.com
MDEX.COM Holds Top DEX Ranking on Coinmarketcap and Coingecko
For most of 2020, the buzz word in the cryptosphere was ‘DeFi’. The sprawling movements and burgeoning growth in the decentralized exchange space in the last months are now screaming ‘DEX’.
And if the past month is anything to go by, the spectacular moves from Heco-based DEX MDEX.COM appear to have entrenched its Number One leading position as the current DEX king on both Coinmarketcap and CoinGecko.
Condensing One Year’s Journey Worth into One Month
Recently launched on January 19, 2021, a month later on February 20, the young DEX (decentralized exchange) managed to exceed USD 5 billion in 24-hour trading volumes, which astoundingly eclipsed the cumulative volumes of all the rest of the other DEXes on that day.
When compared with leading DEX Uniswap, which took 840 days to exceed USD 100 billion in cumulative trading volumes, MDEX took just 50 days! How did a relatively unknown DEX manage such a feat?
Favorable DEX Environment
We will of course do well to remember that decentralization is at the core of the entire crypto movement. Satoshi’s vision for Bitcoin as an alternative to mainstream economies was, at the heart of its foundation, a currency to facilitate decentralized peer to peer exchanges.
While CEXes are of course necessary intermediary platforms, even leading centralized exchange (CEX) Binance CEO CZ admits that DEXes will eventually overtake his own centralized exchange.
Another factor to consider are the tightening regulations on CEXes, which impose many restrictions. These moves result in project delistings, exchange relocations or shutdowns. For DEXes, however, this presents an opportunity to take over the marketplace.
Already in late 2020, the rise of Uniswap showed that DEXes were ready to facilitate decentralized trades. In 2021, with even better technologies and mechanisms, more and more DEXes are rising to prominence and nailing the coveted USD 1 billion in 24-hour trading volumes.
DEXes Offer Cheaper Transaction Fees, Privacy and Less Incentive for Hackers
For users who prefer to trade anonymously, DEXes are the answer. DEXes offer privacy, cheaper transaction fees, and little incentive for hackers because funds are traded peer-to-peer and not deposited in the massive honeypots on CEXes that hackers can target.
MDEX.COM: Dual Mining, ‘Zero’ Fees, Fast Transactions and Community-Focused
For quite a while, Uniswap was the undisputed leader, offering the kind of liquidity that was only found on CEXes. However, Uniswap is on the Ethereum mainnet and the increasing congestion and subsequent high gas fees have been deterring many users and projects.
It is no accident why MDEX has taken over Uniswap’s leading position and captured major market share. An important factor is its zero-to-negative fee offerings, made possible as a result of its implementation of a unique ‘dual-chain dual-mining’ mechanism on the platform.
Most DEXes implement a liquidity pool mining whereas MDEX implements both liquidity and transaction mining. As MDEX CMO KiKo explains:
“For liquidity mining, also known as yield farming, MDX tokens are generated for the users who provide liquidity to the pool. In transaction mining, users can harvest MDX by trading the specified pairs and 0.3% transaction fees will be charged for transaction mining. Of the 66% transaction fees charged, 30% will be used to repurchase and destroy MDX. The rest of the 70% will be used to purchase HT from the secondary market to reward MDX/USDT, MDX/WHT, MDX stakers. All these transactions are publicized on the chain. This “dual mining mechanism” of transaction mining and liquidity mining completes an ecological “closed loop” designed to support liquidity on an AMM-based DEX.”
On MDEX, its low handling fees of only 0.1 cent per swap, means that 1 USDT of HT can support nearly 1,000 swap transactions. Combined with low slippage, good depth and high APY for transaction and liquidity mining, trading on MDEX can generally achieve zero and even negative transaction fees because, excluding slippage losses, the MDX rewards generated by the MDEX platform users for trading and mining are much higher than the transaction fees required for the transactions.
In terms of transaction speed, utilizing the Huobi Eco-Chain (Heco), MDEX transaction confirmation times are a mere 3 seconds.
In addition, platform user experience has been designed to be simple and user-friendly, and the MDX token is designed with community governance in mind.
MDEX.COM: All about Maintaining Excellence and Innovation
Currently MDEX.COM is the DEX with the lowest transaction fees, with the platform having paid out more than USD 310 million in transaction fee subsidies. Cumulative Liquidity Pool rewards are USD 210 million with the LP yield rate the highest in the entire ecosystem.
As the first DEX to implement the utilization of transaction fees for token buybacks and burns, MDEX maintains that innovation will continue to be a part of its overall vision. The DEX has indicated that its goal is to create a comprehensive DeFi ecosystem that integrates DEX, IMO (Initial Membership Offering) and DAO (Decentralized Autonomous Organization) and continue to provide excellent services and quality trading experience.
As always, community focus will stay paramount in all upcoming developments.
To know more about MDEX.COM, its Official Website is https://mdex.com/#/
Website Stats For Binance and CoinMarketCap Show Crypto Mainstream Adoption is Booming
In the long push for mainstream acceptance, crypto scores another win with data that shows both Binance and CoinmarketCap rising on Similarweb’s list of top-ranking investment websites.
.@Binance and @CoinMarketCap up to number 22 and 23 biggest websites in Finance, Investing. @Blockchain is number 44.
Monthly Website Visits:https://t.co/W2RqgwxEvV – 26.1 million https://t.co/37uBPjQjH1 – 32.8 million https://t.co/kL7rbv8hFK – 9.4 million pic.twitter.com/1I27Fe2WTQ
— Nawaz Sulemanji (@Coinsmash_) June 7, 2020
Crypto is Encroaching on Mainstream
London-based Similarweb is a data analysis firm that gathers market intelligence for the purpose of tracking and growing internet share.
The company looks at 80 million websites across 240 categories in over 60 countries. Current information from the investing category shows that crypto firms Binance and CoinmarketCap are making their mark on mainstream finance.
Binance is currently placed 22nd, having risen two places. While CoinmarketCap is ranked 23rd and is up four places.
Source: similarweb.com
Not only that, but the list of investing websites also includes firms that, although not fully crypto, do still dabble in it.
This includes trading platform, eToro who offers crypto trading alongside traditional stocks and commodities trading. As well as long-established trading firm, IG, who ranks 39th on the list, and like eToro, also covers the full market range.
With all of this in mind, it’s fair to say that cryptocurrency is beginning to incorporate itself more fully into the world of mainstream financial investing.
Crypto, as an investment class, is not recognized as legitimate by the mainstream, but the data from Similarweb shows changing sentiment.
Why Does the General Public Remain Largely Cautious of Crypto?
Even now, some eleven years after the launch of Bitcoin, crypto remains a divisive topic. Associations with fraud, terrorism, scams, and extreme volatility, which when coupled with a generally hostile press, have worked to defile the reputation of crypto in the eyes of the public.
Source: twitter.com
What’s more, add to the mix a complex and technical onboarding process, enough to put off many noobies, and crypto presents itself as a daunting process.
Alon Muroch, CEO of Biox, a crypto asset tracking, and accounting software, states the complexity of the onboarding process presents a challenge for some people, especially those who aren’t tech-savvy.
As well as that, in terms of winning hearts and minds, Muroch also raises the point that the general public simply isn’t ready for the responsibility of keeping safe.
“I find that the average person simply doesn’t want to deal with the responsibility of private keys when simpler, more accessible vehicles are available.”
The Pandemic Situation is Forcing Fundamental Change
As tragic as the pandemic situation is, one silver lining to it all is the obligation to change that has been forced upon us all.
Justin EH Smith, a professor of History and Philosophy at the University of Paris observed that the situation has triggered many to reconsider ingrained ways of thinking.
“Any fashion, sensibility, ideology, set of priorities, worldview or hobby that you acquired prior to March 2020, and that may have by then started to seem to you cumbersome, dull, inauthentic, a drag: you are no longer beholden to it.”
In the case of the no-coiner general public, who were once comfortable with the status quo, the events of the past few months have shown stock markets are not the economy, and that the fiat system is a fraud.
After all, if infinite money printing is the answer then it must follow that fiat money is not as scarce as we have been led to believe.
With that, it’s no surprise that Binance and CoinMarketCap have both gained ground as legitimate firms in the eyes of the general public. And considering the way things are going, it won’t be shocking to see them rise higher in the rankings over time.
Featured Image from Shutterstock
Additional tags: BTCUSD, XBTUSD, BTCUSDT
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