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IO.net or $IO Project description: IO.net is a decentralized infrastructure platform designed to enhance data storage and transfer across multiple blockchains, providing scalable, secure, and high-speed data exchange for decentralized applications (dApps). Type of project: Decentralized data storage and transfer protocol. Is it under a block?: Yes, IO.net operates as a decentralized protocol across multiple blockchain networks, including Ethereum and Binance Smart Chain, to enable efficient data exchange and storage solutions. Latest update or news: As of June 2024, IO.net announced the launch of its Cross-Chain Data Storage Service, allowing dApps to store, manage, and retrieve data across different blockchains securely and efficiently. Narrative: Decentralized data storage, cross-chain infrastructure, and scalable data transfer. Why is it a good investment? Institutional Backers and Angel Investors: Polychain Capital: Polychain Capital is a key backer of IO.net, recognizing its potential to solve critical data scalability and transfer issues across blockchains and decentralized applications. Framework Ventures: Framework Ventures, a well-known investment firm in the blockchain space, has also supported IO.net due to its scalable data solutions and integration with cross-chain protocols. Binance Labs: Binance Labs has invested in IO.net to enhance cross-chain data transfer capabilities on Binance Smart Chain, which will be integrated with IO.net’s infrastructure for better data storage and efficiency. Angel Investors: Balaji Srinivasan (Former CTO of Coinbase): Srinivasan, an advocate for decentralized infrastructure, has shown interest in projects like IO.net that aim to decentralize and scale data storage across blockchain networks, although no confirmed direct investment. Kyle Samani (Co-founder of Multicoin Capital): Samani has expressed support for scalable decentralized infrastructure projects like IO.net, which aim to solve complex issues in cross-chain data and storage management. Futuristic Use Case: Cross-chain data storage and transfer: IO.net allows decentralized applications to store and manage data across multiple blockchain networks, enabling seamless data exchange while reducing costs and improving efficiency. Data storage for decentralized finance (DeFi): With the expansion of DeFi, the need for secure, decentralized data storage becomes critical. IO.net’s platform can serve as a backbone for managing and securing data across various DeFi protocols. Integration with enterprise solutions: IO.net is positioned to offer scalable data storage solutions for enterprises looking to decentralize their operations and use blockchain for data security and transfer, opening up new use cases beyond dApps. Decentralized data for gaming and NFTs: As blockchain gaming and NFTs grow, IO.net provides a decentralized infrastructure for managing large datasets, such as game state data and NFT metadata, securely and efficiently. Why will it make a significant amount of profits? Unique competitive edge: IO.net focuses on cross-chain data storage and transfer, providing a more scalable and decentralized solution compared to traditional data storage providers or other blockchain-focused storage solutions. Its unique infrastructure gives it an edge in the growing decentralized data market. Increased demand for data solutions in DeFi and NFTs: As decentralized finance and NFTs grow, the demand for secure, scalable data storage will rise. IO.net’s ability to integrate with multiple blockchains positions it to capture a large share of this expanding market. Revenue from decentralized storage services: IO.net will generate revenue through its decentralized data storage and transfer services, which will be in high demand from dApps, DeFi protocols, and NFT platforms that require efficient data handling across blockchains. Scalability and cross-chain demand: IO.net’s cross-chain infrastructure is scalable, meaning as blockchain ecosystems grow, the demand for its data storage and transfer services will increase, driving long-term value for SEED_ALEXDRAYM_SHORTINTEREST2:IO tokens. For those who are asking, just follow me on Trading view, I will share you my full analysis and documents on Google docs.
Long
by osodatsismoso
PIXELS game in RON $PIXEL Project description: PIXELS is a play-to-earn game built on the Ronin Network, where players can own, trade, and develop in-game assets using blockchain technology, allowing for a decentralized gaming experience with real-world value. Type of project: Play-to-Earn (P2E) game on the Ronin Network. Is it under a block?: Yes, PIXELS operates on the Ronin Network, which is a Layer 2 scaling solution built specifically for gaming, especially to support Axie Infinity and similar decentralized games. Latest update or news: As of July 2024, PIXELS announced the launch of new in-game features, including a marketplace for trading in-game assets and customizable avatars, further boosting player engagement and the utility of NGM:PIXEL tokens. Narrative: Play-to-Earn (P2E), NFT gaming, and decentralized virtual economies. Why is it a good investment? Institutional Backers and Angel Investors: Sky Mavis (Creators of Axie Infinity): Sky Mavis, the team behind the Ronin Network and Axie Infinity, has supported PIXELS as part of the growing ecosystem of blockchain-based games on the Ronin Network. Animoca Brands: A key player in the blockchain gaming space, Animoca Brands has invested in PIXELS to expand its reach in the play-to-earn sector and integrate NFTs into the gaming ecosystem. Yield Guild Games (YGG): Yield Guild Games, a decentralized gaming guild that focuses on play-to-earn economies, has backed PIXELS, allowing its players to earn through the game while using their assets within the YGG community. Angel Investors: Aleksander Larsen (Co-founder of Sky Mavis): While not directly confirmed as an angel investor in PIXELS, Larsen’s strong advocacy for the Ronin Network and play-to-earn ecosystems supports the development and promotion of PIXELS. Gabby Dizon (Co-founder of YGG): Gabby Dizon has expressed interest in supporting play-to-earn games like PIXELS that help gamers earn real-world value through blockchain assets, though no direct investment is confirmed. Futuristic Use Case: Play-to-Earn model: PIXELS allows players to earn real-world value through in-game activities, where they can buy, sell, and trade NFTs and digital assets. The more they engage, the more NGM:PIXEL tokens they can earn. NFT-based economy: With PIXELS, players can own their in-game assets as NFTs, giving them full control over buying, selling, or using these assets in different contexts, creating a player-driven economy. Integration with other games on Ronin: Being part of the Ronin Network, PIXELS has the potential to integrate with other games in the ecosystem, allowing players to use their in-game assets across multiple platforms, creating a cross-game economy. Metaverse potential: As the game evolves, PIXELS could expand into a broader metaverse environment, where players can interact with virtual worlds, trade assets, and build virtual economies that transcend individual games. Why will it make a significant amount of profits? Unique competitive edge: PIXELS is built on the Ronin Network, which is already a proven platform for scalable blockchain games, offering low fees and high transaction throughput. This positions PIXELS ahead of P2E games on other blockchains that face scalability issues. Growing player base on Ronin Network: As the Ronin Network continues to attract more players and developers through games like Axie Infinity, PIXELS benefits from being part of this growing ecosystem, driving demand for NGM:PIXEL tokens as more users engage with the game. P2E and NFT integration: PIXELS integrates the play-to-earn model with NFT ownership, allowing players to monetize their in-game activities and assets. This dual utility of NGM:PIXEL tokens as both a reward and a medium for trading in-game assets makes it attractive to gamers and investors alike. Sustainable in-game economy: The in-game economy of PIXELS is built around the trading and development of NFT assets, creating a sustainable revenue stream through transaction fees, marketplace sales, and NFT minting, which will drive the demand for NGM:PIXEL tokens over time.
by osodatsismoso
OMNI Network $OMNI #omninetwork #Omni Why is it a good investment? Institutional Backers and Angel Investors: Polychain Capital: Polychain Capital has backed Omni Network for its potential to lead in cross-chain solutions, seeing Omni as a critical infrastructure for the future of DeFi and blockchain interoperability. Coinbase Ventures: Coinbase Ventures has invested in Omni Network, recognizing its role in enabling smooth and secure cross-chain transactions, particularly for DeFi applications. Alameda Research: Before its collapse, Alameda Research contributed to the early funding rounds of Omni Network, helping establish its initial liquidity and development framework. Angel Investors: Sandeep Nailwal (Co-founder of Polygon): Although not a confirmed investor, Nailwal has spoken positively about cross-chain Layer 1 solutions like Omni Network that seek to simplify and scale interoperability. Stani Kulechov (Founder of Aave): Known for supporting cross-chain innovations, Kulechov has shown interest in Omni Network’s potential to streamline asset movement across chains, although no direct investment is confirmed. Why is it a good investment? Institutional Backers and Angel Investors: Polychain Capital: Polychain Capital has backed Omni Network for its potential to lead in cross-chain solutions, seeing Omni as a critical infrastructure for the future of DeFi and blockchain interoperability. Coinbase Ventures: Coinbase Ventures has invested in Omni Network, recognizing its role in enabling smooth and secure cross-chain transactions, particularly for DeFi applications. Alameda Research: Before its collapse, Alameda Research contributed to the early funding rounds of Omni Network, helping establish its initial liquidity and development framework. Angel Investors: Sandeep Nailwal (Co-founder of Polygon): Although not a confirmed investor, Nailwal has spoken positively about cross-chain Layer 1 solutions like Omni Network that seek to simplify and scale interoperability. Stani Kulechov (Founder of Aave): Known for supporting cross-chain innovations, Kulechov has shown interest in Omni Network’s potential to streamline asset movement across chains, although no direct investment is confirmed. Futuristic Use Case: Cross-chain DeFi solutions: Omni Network enables the deployment of DeFi protocols that function across multiple blockchains, allowing seamless asset movement and liquidity sharing between ecosystems, making it critical for the growth of DeFi. Interoperable smart contracts: Omni’s Cross-Chain Messaging System allows developers to build smart contracts that can interact with multiple blockchains, creating new possibilities for decentralized finance, gaming, and other sectors. Cross-chain NFT and digital asset trading: Omni Network enables NFT platforms and digital asset marketplaces to facilitate cross-chain trading, offering users the ability to move assets between different chains without fragmentation. Enterprise and institutional adoption: Omni’s secure and scalable cross-chain infrastructure is positioned to be attractive for enterprises and financial institutions looking for efficient and secure multi-chain operations. Why will it make a significant amount of profits? Unique competitive edge: Unlike other Layer 1 blockchains, Omni Network is specifically built for cross-chain interoperability, providing smooth, scalable, and secure solutions for transferring assets and data across multiple ecosystems. This unique approach gives it an edge over competitors focused on single-chain environments. Cross-chain DeFi demand: As DeFi grows, the need for cross-chain liquidity and seamless interoperability between blockchains will drive demand for Omni’s services, especially as projects and users look for efficient ways to interact across ecosystems. Expanding ecosystem: Omni’s ability to support multi-chain dApps and liquidity pools will attract developers and liquidity providers from various ecosystems, leading to increased usage of the SEED_DONKEYDAN_MARKET_CAP:OMNI token and greater adoption of the platform. Sustainable fee model: Omni Network earns fees from cross-chain transactions and smart contract deployment, ensuring a consistent revenue stream that scales as cross-chain DeFi and multi-chain applications continue to grow, driving value for SEED_DONKEYDAN_MARKET_CAP:OMNI holders. by the way I have a lot of these docs in my google docs. Feel free to follow me for more details about these gems.
Long
by osodatsismoso
ALT layer USDT #ALT #Altlayer (Bearllionaire Status)Project description: ALT Layer is a scalable layer-2 network designed to provide customizable, high-performance, and application-specific rollups for decentralized applications (dApps) on Ethereum and other blockchains. Type of project: Layer 2 scalability solution with customizable rollups. Is it under a block?: Yes, ALT Layer operates as a Layer 2 protocol on Ethereum and other major blockchains, providing customizable rollups that offer scalability while leveraging the security of the base layer. Latest update or news: As of July 2024 while ignoring other irrelevant news, ALT Layer launched its Rollup-as-a-Service platform, enabling developers to deploy custom rollups in minutes, aimed at scaling dApps and reducing congestion on Ethereum. Narrative: Layer 2 scalability, Ethereum ecosystem, and modular blockchain infrastructure. Why is it a good investment? Institutional Backers and Angel Investors: Coinbase Ventures: Known for its investments in Layer 2 and scalability projects, Coinbase Ventures has backed ALT Layer due to its potential to alleviate Ethereum’s congestion and improve dApp performance. Binance Labs: Binance’s venture arm has invested in ALT Layer, recognizing the need for scalable Layer 2 solutions and the demand for customizable rollups within the DeFi and NFT spaces. Polychain Capital: Polychain Capital has supported ALT Layer to drive innovation in the Layer 2 sector, specifically focusing on reducing gas fees and improving transaction throughput for high-demand applications. Angel Investors: Vitalik Buterin (Co-founder of Ethereum) has expressed support for Layer 2 solutions, though there’s no direct investment in ALT Layer, his encouragement for rollups aligns with the project’s goals. Stani Kulechov (Founder of Aave) has shown interest in Layer 2 solutions that improve DeFi scalability, and while there is no confirmed investment, ALT Layer fits the criteria of projects he supports. Futuristic Use Case: Scalability for dApps: ALT Layer is designed to provide customizable rollups that can be optimized for specific decentralized applications (dApps), enabling developers to create high-performance environments that scale with their user base. This is crucial for DeFi, NFTs, gaming, and other sectors that require high throughput. Multi-chain integration: ALT Layer is not limited to Ethereum and can extend its rollup services to other blockchains, making it an ideal Layer 2 solution for projects that need scalability across multiple chains. Custom Rollup-as-a-Service: With the launch of its Rollup-as-a-Service platform, ALT Layer offers developers the ability to deploy tailor-made rollups that suit their specific application needs, giving it an edge over general-purpose Layer 2 networks. Enterprise adoption: Enterprises looking to adopt blockchain technology can use ALT Layer to develop private, scalable rollups that integrate with public blockchains like Ethereum. This opens up new use cases for enterprises in industries such as supply chain, finance, and gaming. Why will it make a significant amount of profits? Unique competitive edge: ALT Layer’s customizable rollups provide a tailored Layer 2 solution for decentralized applications, offering greater flexibility than general-purpose Layer 2s like Optimism or Arbitrum. This makes it especially appealing to developers who need more control over transaction throughput and cost-efficiency. Rollup-as-a-Service model: By offering Rollup-as-a-Service, ALT Layer creates a sustainable revenue stream, as developers and enterprises will need to pay fees to deploy and maintain their custom rollups. As demand for scalable blockchain applications grows, this service will attract significant usage and increase demand for NASDAQ:ALT tokens. Scalable ecosystem growth: ALT Layer’s ability to integrate with multiple blockchains gives it a wide market, positioning it to capture a significant share of the Layer 2 scaling space as more chains adopt rollups for scalability. This cross-chain capability drives value to NASDAQ:ALT tokens as the protocol expands its ecosystem. Growing Layer 2 demand: As Ethereum and other Layer 1 blockchains face increasing congestion and high gas fees, Layer 2 solutions like ALT Layer will become essential for maintaining a seamless user experience. This growing demand for scalability will drive adoption and value for ALT Layer’s services. want to know more about my Conviction on this? Follow me for more. Check my GOOGLE DOC that includes other Trading View possibilities along with other gems.
Long
by osodatsismoso
Polkadot / DOT ( Hot or Not? )The price of DOT is $7.5 today with a 24hour trading volume of 777 million dollars. This represents a 2% price increase in the last 24 hours and a 22.00% price increase in the past 7 days Polkadot is a platform that allows diverse blockchains to transfer messages, including value, in a trust free fashion; sharing their unique features while pooling their security. In brief, Polkadot is a scalable heterogeneous multi chain technology made by Gavin Wood, Robert Habermeier and Peter Czaban. but is it hot or not? 4.5$ for Dot is a Dip and the next targets are 7.5, 7.9 and 8.3$. the next big resistance for Dot is 8.5$
Long
by moonypto
18
Rocket Pool / RPL analysis The price of RPL is $52 today with a 24hour trading volume of 80 million dollars. This represents a 6% price increase in the last 24 hours and a 100% price increase in the past 30 days and well yes 555000% since 4 years ago! Just think about it for a moment...thanks to eth Shanghai upgrade Rocket Pool is a decentralized Ethereum staking pool offering up to 4% APR for ETH2 staking. Users can join the Rocket Pool with its decentralized node operator network or run their own nodes with only 16 ETH. In the latter case, they can earn a commission from staking ETH and earn additional RPL rewards from providing RPL collateral, amounting to up to 6.36% APR for ETH and the additional RPL rewards. Rocket Pool provides liquid staking, meaning users benefit from an increasing exchange rate instead of rebasing their staked collateral, which would be a taxable event. Furthermore, Rocket Pool offers smart nodes: a custom node software allowing anyone to run a node on its network. With losses from bad nodes socialized across the network, users minimize their risk of facing penalties. This is supported by the pool’s open-source and audited smart contracts, which guarantee fully non-custodial staking and a maximum degree of decentralization. now lets look at the chart Rpl pumped almost 70% since binance listing and the price moves in a rising channel and even broke that at 49 which make it even more bullish,next targets are 53,55, 57 and 59 don't forget stop-loss too Armstrong has heard rumors that the U.S. Securities and Exchange Commission is planning to entirely ban crypto staking for retail investors. what do you think?
Long
by moonypto
Fetch.ai (FET)A new AI innovation, ChatGPT, is taking the internet by storm. The new software has woken up writers and internet users to what is possible with well designed AI software. like any new technological breakthrough, market participants will benefit, even if from the speculatory crowd looking to place bets through investments. Fetch.Ai, the an open-source network giving access to a machine-learning ecosystem powered by the Fet token and is rapidly expanding its reach by enabling access within the Cosmos ecosystem. Fetch.ai price today is $0.17 with a 24hour trading volume of 110 million dollar. FET price is up 10% in the last 24 hours and 80% up since last month It founded in 2017 and launched via IEO on Binance in March 2019, Fetch.AI is an artificial intelligence lab building an open, permissionless, decentralized machine learning network with a crypto economy. The Fetch.AI mainnet went live in Jan 2020. Fetch.ai democratizes access to AI technology with a permissionless network upon which anyone can connect and access secure datasets by using autonomous AI to execute tasks that leverage its global data network. The Fetch.AI model is rooted in use cases like optimizing DeFi trading services, transportation networks (parking, micro-mobility), smart energy grids, travel.. essentially any complex digital system that relies on large scale datasets. If Fet breaks 0.2 resistance then 0.23, 0.25 and 0.29$ are next targets but if history repeat itself then August 2020 scenario can be possible too (0.07-0.1 is a dip for fet)
Long
by moonypto
22
Render Token / RNDRThe price of RNDR is $1.83 today with a 24hour trading volume of 180 million dollars. This represents a 4% price increase in the last 24 hours and a 333% price increase in the past 30 days! Render token is a distributed GPU rendering network built on top of the Ethereum blockchain, aiming to connect artists and studios in need of GPU compute power with mining partners willing to rent their GPU capabilities out. Backed by parent company OTOY, the RNDR team is based out of Los Angeles, with team members throughout the world. The RNDR advisory board boasts industry leaders such as Ari Emanuel (Co-Founder and Co-CEO, WME), JJ Abrams (Chairman and CEO, Bad Robot Productions) and Brendan Eich (Founder and CEO, Brave Software and BAT) bulls broke 0.8, 1.2 and 1.6 resistance and ready to claim 2$. I got into rndr wen it has 220 million market-cap and here we are at half a billion dollar mc. as you see market is in correction phase which is normal and healthy so don't panic if you see couple of red candles after 300% pump
RLong
by moonypto
37
Injective / INJ analysis The price of Injective is $2.28 today with a 24hour trading volume of 140 million dollar. This represents a 20% price increase in the last 24 hours and a 70% price increase in the past 30 days. Injective is a blockchain built for finance. It is an open, interoperable layer1 blockchain powering next-gen DeFi applications, including decentralized spot and derivatives exchanges, prediction markets, lending protocols. they had pretty busy week, first a mainnet upgrade then Astroport beta launched on Injective,they processed over 150M transactions and burned 5,639,832.45 total INJ too. Inj bulls couldn't break 2.5 resistance but the daily candle still is green means bulls still got chance, for short term 2.5, 2.9 and 3.5$ are targets. 1.5$ is a dip level for Inj and good opportunity for investors
Long
by moonypto
11
Unveiling CTSI: The Hidden Gem with Incredible Trade Potential#CTSI/USDT #Analysis Description --------------------------------------------------------------- + The price has reached its long-term support line, but a reversal has not yet been observed. + If the weekly candle closes above our support line, we can expect a possible reversal. + We will enter a new long trade after this weekly candle closes, but only if it closes above the support line. --------------------------------------------------------------- VectorAlgo Trade Details ------------------------------ Entry Price: 0.1612 (after weekly candle close above support zone Stop Loss: 0.12 ------------------------------ Target 1: 0.2094 Target 2: 0.2742 Target 3: 0.3946 Target 4: 0.5870 Target 5: 0.9243 ------------------------------ Timeframe: 1W Capital Risk: 1-2% of trading amount Leverage: 5-10x --------------------------------------------------------------- Enhance, Trade, Grow --------------------------------------------------------------- Feel free to share your thoughts and insights. Don't forget to like and follow us for more trading ideas and discussions. Best Regards, VectorAlgo
Long
by VectorAlgo
Arbitrum | ARB What Is Arbitrum and Why Is It a Big Deal ? The price of Arbitrum is $1.40 today with a 24hour trading volume of 1 billion dollar. This represents a 2.7% price increase in the last 24 hours and a 4% price increase in the past 7 days Arbitrum is a rollup chain designed to improve the scalability of Ethereum. It achieves this by bundling multiple transactions into a single transaction, thereby reducing the load on the Ethereum network. a rollup chain is a layer 2 solution that aggregates and processes transactions off-chain, before submitting a single transaction to the Ethereum mainnet. This means that users can enjoy faster and cheaper transactions, while still benefiting from the security and decentralization of the Ethereum network.Arbitrum's native token is called the Arbitrum token, or ARB for short. The token is used to pay for transaction fees on the Arbitrum network and also serves as a means of governance for the protocol. Holders of ARB can participate in decision-making processes, such as proposing and voting on protocol upgrades or changes. Smart Money Accumulating ARB ! The ARB airdrop, as expected culminated in a sell-the-news narrative, with token holders cashing out in large numbers. However, the token’s fundamentals have not faltered amid an influx of funds from institutions and other large-volume buyers – smart money. Following the announcement of the airdrop on March 16, tokens within the Arbitrum ecosystem exploded including Magic (MAGIC), GMX (GMX) Radiant Network (RDNT), and Gains Network (GNS). ARB has launched into an ecosystem with strong fundamentals, which are likely to cool off the token’s downside in the coming weeks. Moreover, accumulation among investors, taking advantage of the dump after the airdrop could provide the necessary momentum for ARB to rally again. next targets are 1.45 and 1.5$
Long
by moonypto
❎ CyberConnect | CYBER & the 130% PUMPThe price of CyberConnect is $8.14 today with a 24hour trading volume of 370 million dollar. This represents a 130% price increase in the last 24 hours and a 100% price increase in the past 7 days. With a circulating supply of 11 Million CYBER, CyberConnect is valued at a market cap of 85 million dollar. the top cryptocurrency exchanges for trading in CyberConnect stock are currently Binance, Bybit, Bitrue, BingX, and Bitget and it got listed on Bithumb just two days ago CyberConnect is a decentralized social network protocol that allows developers to build social applications that connect users in a fairer, more direct environment. CYBER is the native utility & governance token of CyberConnect Cyber bulls broke 5.5$ resistance and whales had huge buy volume at 5$ level we have huge crypto bull market ahead of us and today is the best day to learn crypto gem hunt, you can always count on our experts as well whats is your 2023 biggest crypto gem so far?
Long
by moonypto
6
Stacks / STX The price of Stacks is $0.76 today with a 24hour trading volume of 250 million dollars. This represents a 12% price increase in the last 24 hours and a 160% price increase in the past 14 days Stacks is a layer1 blockchain solution that is designed to bring smart contracts and decentralized applications to Bitcoin. These smart contracts are brought to Bitcoin without changing any of the features that make it so powerful, including its security and stability. Stacks was initially funded by a range of prominent venture capital funds, including Y Combinator, Digital Currency Group and Winklevoss Capital. It was developed by Blockstack PBC, which has its headquarters in New York. Next Stacks upgrade is slated for March 20th, with the larger Nakamoto upgrade planned for later this year. Stacks 2.1 can enable more efficient Bitcoin yield via Stacking, make bridges to other networks more robust, simplify the ways developers can link and trigger interactions between Stacks and Bitcoin, and lay some helpful groundwork for Subnets which can bring additional speed and scalability to the network when launched. if you are scalper be careful because as you can see those shadows are huge and STX whales are ruthless , 0.65 is good support and opportunity for buying the dip or long STX next targets are 0.81, 0.85 and 0.89$
Long
by moonypto
20
PAAL AI (PAAL): Potentially next x10 Low-Cap Gem identifiedOn the 4-hour chart for PAAL-AI (PAALAI), there is a noticeable 4H Order Block Cluster that has been touched twice, each time showing a strong reaction. However, the overall trend is weakening, which is apparent from the recent price action. Currently, there is a resistance zone between $0.50 and $0.60. This zone will likely be tested again in the future, and whether it can be flipped into support remains to be seen. The present trendline is holding, but several key points need to be watched closely. If the Order Block Cluster fails, the price could potentially fall towards the $0.20 and $0.13 levels, where the Point-of-Control is located. These levels would be attractive for longer-term entries, especially for a "moon bag" strategy, as they offer the potential for excellent returns in the next bull run. If the price dips again, the Order Block Cluster will be crucial to watch. Successfully defending this cluster could set the stage for another attempt to reach the recent high around $0.90.
Long
by freeguy_by_wmc
2
Parcl $PRCL - RWA gem on SOLParcl (PRCL) is a decentralized real estate project built on the Solana blockchain. It allows users to invest in digital square feet of real estate in various cities around the world. The Parcl project provides tools for speculation and hedging in the real estate market by offering indices for various cities. Users can trade debt or short positions depending on their forecasts for rising or falling real estate prices in selected cities. A key element of the Parcl ecosystem is the PRCL token, which serves to manage the protocol and provides various benefits to holders, such as voting rights in protocol management decisions and access to improved data and trading incentives within the ecosystem. The Parcl project has attracted attention due to its unique concept of allowing users to invest in real estate digitally and the ability to trade in the real estate market using blockchain technology. Team The Parcl team is a diverse group of people with experience in a variety of fields including Wall Street, big tech, and PhD-level research. The team consists of 14 talented individuals and plans to expand. Some of the most notable members of the team include: Trevor Bacon - Founder and CEO of Parcl. Trevor has a background in finance and technology, has worked at several hedge funds and has been involved in blockchain and cryptocurrencies for over five years. Kellan Grenier is co-founder, COO and head of strategy at Parcl. Kellan has nearly a decade of experience as an investment analyst in traditional finance (TradFi). Jason Lewris - Co-founder and Chief Data Officer at Parcl, Jason has a background in data science and machine learning, having worked at Microsoft and Deloitte. Together, the team developed the Parcl protocol, a decentralized real estate trading platform built on the Solana blockchain. The protocol allows users to trade price movements in real estate markets around the world via city indices. Parcl has also received strategic investments from prominent companies and investors including Fifth Wall, JAWS, IA Capital, Eberg Capital and SkyBridge Capital. These investments have helped the team to expand and further develop the Parcl ecosystem. The Parcl team aims to democratize access to global real estate investing and create a culture of continuous growth and collaboration. Tokenomics The Parcl token distribution plan is designed to incentivize and reward the community, early supporters and advisors, and to promote the growth and development of the Parcl protocol. The plan includes initial distribution to the community, ongoing distribution to the community, growth and incentives, and allocations to early adopters and advisors. 1. Initial Community Distribution: 8% of the total volume (80,000,000 PRCLs) distributed to community members. 75,000,000 PRCLs (7.5% of total) distributed to early adopters of the Parcl protocol. 5,000,000,000 PRCL (0.5% of total) distributed to core members of the Parcl community. 2. Ongoing Community, Growth, & Incentives: 28% of the total (~280,000,000,000 PRCL) is reserved in the treasury for the protocol's key goals. These goals include infrastructure, growth, partnerships, and continued incentivization of the network. 3. Early Supporters & Advisors: - 28% of the total supply (~280,000,000 PRCL) is set aside for early supporters and advisors. These tokens are unlocked over a 3 year period with a 1 year break. 4. Core Contributors: - 21% of the total (~210,000,000,000 PRCL) is distributed to core contributors. These tokens vest and unlock over 3 years, with a 1 year break. 5. Ecosystem Fund: - 15% of the total proposal (~150,000,000 PRCL) is set aside in a portion dedicated to ecosystem development. This fund is intended to incentivize the long-term growth and development of Parcl's ecosystem. The tokens in this fund will be used to improve the performance of liquidity providers (LPs) and traders, increase the liquidity of protocols, and incentivize developers to create valuable Parcl-based products. Utility Governance The PRCL token will govern some aspects of the protocol and decentralized trading application. Users will use the token to vote on critical changes to risk parameters and protocol architecture. The governance structure is expected to be implemented by the end of 2Q24. Data functionality PRCL token holders will have access to best-in-class institutional-quality real estate data through an API developed by Parcl Labs. Over time, users who maintain the required level of PRCL in their connected wallets will continue to access the API. Network Incentives Parcl token holders will have the opportunity to participate in perpetual network incentives (e.g., points) shortly after the first distribution event. These incentives are designed to encourage and reward eligible PRCL holders for their participation and contribution to the Parcl ecosystem. RWA Real World Assets (RWA) in the context of Parcl refers to the tokenization of real world real estate prices on the Solana blockchain. Parcl is a decentralized perpetual exchange focused on real-world real estate prices and offers real-world index markets for speculation or hedging. The platform allows users to access the world's largest asset class - real estate - through “city indices,” which are the median price per square foot/meter aggregated at the city or neighborhood level. Parcl's approach to tokenizing real world assets is groundbreaking and aims to democratize access to global real estate investing. The innovative use of decentralized smart contracts with perpetual futures allows users with as little as $1 to access price movements in real estate markets around the world, making the platform accessible to a wide range of investors. The integration of real-world assets into the blockchain ecosystem represents a significant step towards tokenizing traditional financial assets, offering new opportunities for investment and risk management in the real estate sector. Parcl's focus on real estate RWAs positions the company as a key player in the emerging landscape of decentralized finance and blockchain technology. Conclusion Looking forward, Parcl's focus on RWA real estate positions it as a key player in the emerging landscape of decentralized finance and blockchain technology. The platform is committed to its mission of making real estate accessible to all by providing access to the price points of real estate markets with no minimum requirements, high liquidity, and low transaction fees. With continued development and support from the community, Parcl is well-positioned to continue its growth and innovation in real estate tokenization. Overall, the main drawbacks include the large competition in the real estate market and the lack of a license, which is crucial in the RWA sector. However, the team, capitalization and Solana involvement are all positives that make this project undervalued. In addition, there is potential for listing on Binance. token is now available for purchase on Bybit Best regards EXCAVO
Long
by EXCAVO
8
$Portal researchPORTAL Portal is a pioneering cross-chain gaming ecosystem designed to connect games from different blockchain networks. It aims to create a seamless experience for gamers by connecting them to a huge number of games through its cross-chain token platform. Portal is built on the Ethereum blockchain, which is known for its reliability and extensive developer community. Portal's technology is designed to enable gamer access and game distribution, allowing Web2 gamers to seamlessly transition into the Web3 universe. The company is partnering with LayerZero to provide gamers with a seamless multi-chain experience, connecting disparate Web3 games to new players through a user-friendly user interface. The PORTAL token is used for network fees, payments, management, staking, and node purchases in the Portal ecosystem. The token's maximum supply is capped at 1 billion tokens, which supports value growth over time. Portal was introduced at the Binance Launchpool, allowing users to bet on BNB and FDUSD to mine PORTAL tokens. Tokenomics Portal has a maximum token supply limited to 1 billion tokens. The initial circulating supply after listing amounted to 167.13 million PORTAL, representing approximately 16.71% of the total token supply. The project's token distribution is as follows: Binance Launchpool: 50 million tokens, representing 5% of the total token supply. Team & Advisors: 230 million tokens, or 23% of the total token supply. Treasury: 230 million tokens, or 23% of the total token supply. Private Sale Investors: 220 million tokens, or 22% of the total token supply. Public Sale Investors: 110 million tokens, or 11% of the total token supply. Community Incentives - 1: 100 million tokens, or 10% of the total token supply. Community Incentives - 2: 40 million tokens, or 4% of the total token supply. Liquidity Reserve: 20 million tokens, or 2% of the total token supply. The token vesting schedule is critical to maintaining the stability and value of the PORTAL token. It involves the gradual release of tokens to different stakeholders over a period of time, which helps prevent large-scale token resets that could negatively impact their price. This approach aligns the incentives of all stakeholders, ensuring that everyone is working towards the long-term success of the project. Roadmap Portal has a comprehensive roadmap that outlines plans for its development and growth. The roadmap is divided into several phases, each focusing on different aspects of the project's development. Phase 1 (Q3 2023): Launch of the Portal ecosystem with more than 250 games online. Launch of the Portal version 1 gaming platform. Announcement of partnerships with various blockchain networks such as Solana, Avalanche, Klaytn and Polygon. Announcing the Portal game wallet and launching CrystalDash, a platform to increase awareness and demand for Portal. Publishing a technical description for Portal and bringing in high-profile advisors to the project, including the CEO of Team Secret and the founder of Rockstar Games. Partnering with WME, the world's leading talent agency, to help attract mainstream games and streamers to the platform. Phase 2 (Q4 2023): Integrate with other blockchain networks and expand cross-chain gaming capabilities. Launch Portal Gaming Wallet and develop a gaming SDK for easy integration.- Announce partnerships with leading esports teams and IPs.- Launch Portal Discovery Platform to showcase the best Web3 games in the Portal ecosystem.- Launch Portal Staking platform and Portal Nodes network.- Launch Nexus DEX for seamless transactions between assets. Future milestones (2024 and beyond): Expanding the Portal ecosystem to include new games and blockchain networks. Developing new features and tools to improve gameplay and facilitate cross-chain interactions. Continued efforts to decentralize the Portal platform and ecosystem. Continued focus on building a strong community and fostering meaningful connections between players, developers, and content creators. Audit Cryptoproject Portal has undergone a comprehensive audit to ensure the safety and reliability of its smart contracts and the entire platform. The audit was conducted by Cyberscope, a leading and recognized authority in the cryptocurrency space for auditing smart contracts. Cyberscope's auditing services are recognized by various startups such as PinkSale, Unicrypt and DxSale, allowing the project to receive a badge signifying trust and recognition. The audit from Cyberscope ensures that the Portal project is trusted and recognized. It enhances the security of the smart contract and serves as a basic building block for all marketing efforts. Upon successful completion of the audit, Portal receives an audit certificate to share with its investors and community, as well as a full audit report. Cyberscope's audit process includes extensive background checks and identity verification of project team members. This ensures data confidentiality and a state-of-the-art algorithm to verify team members. Cyberscope has successfully completed over 1,800 smart contract audits across various networks and has KYC'd over 800 teams without any reports from investors till date. Staking rewards The main function of the PORTAL token is a vote-betting feature that signals support for games on the Portal network. Essentially, gamers and games can place bets to earn rewards, but they can also signal their support for games by assigning a vote to their bet. In practice, signaling support for a game means that it becomes more visible on the Portal platform through ratings, relative betting levels (and other metrics), and greater visibility in the app. This, in turn, allows the game to acquire Portal platform users to grow its player base and launch new game assets with less hassle. A game joining the Portal ecosystem will have a good incentive to post Portal tokens, and it follows that gamers will want to show their support by doing the same. This leads to an effective “bet to scale” that decentralizes the distribution of games. Recycled Fees This occurs in real time as transactions are paid into PORTAL. The rate coefficient at that time is used to calculate how much of the purchased PORTAL burns up before distribution. Where S is defined as above, the burn amount B is calculated as follows: B = 1 - S The balance is distributed in the form of a platform rewards. Conclusion Portal certainly has a promising concept and is attracting significant attention and support from the gaming and blockchain community. Portal is a leading GameFi project and has made significant strides in connecting gaming networks and there are no analogs. I've been following this project for quite some time now and at the moment investors have about 10x returns. I have noticed that GameFi is low right now, but I believe that once the excitement starts to grow after the first successful game releases, this infrastructure project will be very relevant. I follow this sector closely, which is why I have included this project in my portfolio. If you are interested in reading my portfolio, you can read the text below the chart. From a chart perspective, it looks like this is one of the good formations to exit. The only downside I see is the huge capitalization with unlocked funds. If there are 40 likes I will publish a new research Best regards EXCAVO
Long
by EXCAVO
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by CCCLopes