The Altcoin Evolution – Part I: Introduction

Mainstream adoption for emerging altcoin projects is a constant topic within the crypto community that might be a conversation that exists in perpetuity. Most notably because the idea of “adoption” in crypto isn’t tangible or measurable. What does mainstream success look like, and how does it fit with crypto’s inherently decentralized nature? It’s a long road to travel for altcoins to find success in the current landscape. This new series will take a look at some of the primary hurdles that altcoins face today.

Emerging Projects: Overcoming Challenges

Throughout this series we’ll be thinking about small-cap, yet to emerge coins. BTC and ETH have gone full-fledged mainstream, and now there have been a fairly abundant amount of emerging cryptocurrencies that have clawed their way to the most ‘accessible’ exchanges, such as Coinbase, Binance, etc. Accordingly, the so-called “Coinbase effect” in crypto is very much a real thing, and there are some obvious reasons for that: most notably, wide stream visibility and accessibility. This is exemplified by crypto rumors of an altcoin being listed to Coinbase leading to immediate jumps in price as aggressive traders look to “beat the Coinbase hype”. 

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However, there are also a wide array of crypto projects headed down different roads, all vying for that next step opportunity as well. As with most things in finance, there are no shortage of hurdles for all of these prospective risers. That being said, there are a few options that have potential to make large runs toward ‘mainstream’ acceptance. ECOMI, for instance, is establishing mainstream IP NFT partnerships with major entertainment properties like Marvel, Activision, Capcom, and more. However, while the NFT space has seen exponential growth this year, it is still relatively unknown to the average layman.

Despite more and more integration into traditional finance atmospheres, there is still a long road to travel for the development of altcoins into the mainstream financial consumer. Accordingly, ECOMI’s native token, OMI, is substantially more difficult to acquire than your run-of-the-mill projects that dominate the headlines. This series will take a dive into how legitimate crypto projects can work their way into more mainstream acceptance. We’ll also look at some of the inherent challenges and hurdles that projects have to overcome. 

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As the market continues to grow, NFT digital collectibles are becoming a source of revenue for musicians, artists, and even sports teams and leagues (most notably projects like NBA Topshot). This increase in distribution shows promise to continue the push of this NFT phenomenon front and center in the eyes of the general public, and more importantly, potential investors. Throughout this series, we’ll often look at NFT projects, such as ECOMI’s, as prime examples in addressing the unique roadblocks that crypto projects often face. 

The 'Altcoin Evolution' series will look at altcoins such as OMI as examples for projects that are looking to grab mainstream market share.   | Source: OMI-USDT on

Related Reading | Bitcoin Nears $43K, Indicators Suggest Bull Market Ahead

It’s Not Always Easy

Despite having the aforementioned partnerships with strong IP properties, the OMI token has a market cap that barely cracks into the top 100 of crypto tokens on the market, despite being a unique project in the marketplace when it comes to established partnerships relative to the competition. Although the token is difficult to acquire currently relative to many comparable projects, this may actually be a benefit to potential investors seeking to find the next hot thing at the ground floor. If the platform continues to proliferate content creators with established brands, there may be an opportunity to become an early adopter of digital collectibles.

Volatile, lower-cap assets are of course, immeasurably difficult when it comes to trajectory projections. These coins not only are subject to the upcoming (and ongoing) regulation changes and economic uncertainty (to an increased extent relative to the major tokens on the market, at that), but also have yet to prove true long-term stability, or growth capability. Another cliche most certainly applies here, as this is certainly positioned in the broader crypto market as a high risk, high reward play for potential investors.  

Additionally, if the casual consumer is interested in ECOMI’s project, and wants to acquire OMI tokens, like many emerging projects – there are substantial market barriers in doing so. While market barriers have been slowly streamlined to the everyday consumer since the early days of crypto, there is likely still miles of roadway left to go when it comes to a truly streamlined process for established, yet emerging projects. The OMI coin does already have actual utility on the VEVE marketplace, where it is the currency of choice. VEVE is an NFT digital collector’s space/auction site, where users exchange digital collectibles. This is where those corporate connections make OMI uniquely placed to have tangible function going forward. Users of the VEVE marketplace are exchanging fiat currency to OMI in order to purchase collectibles, often without even knowing that the OMI coin is involved, which provides another glimpse into the potential utility of the coin going forward. This can be likened to the experience on NBA Top Shot as well, where users are buying, selling, and even gifting NFTs on the FLOW blockchain, all without any sort of interaction with the FLOW token itself. 

This will be the framework for the ‘Altcoin Evolution’ series. Next week, we will break down our first initial challenge for altcoins – accessibility for more casual consumers. For the next several weeks, we will break down a number of different challenges before finally wrapping the series up with a closing summary that outlines these challenges in full, and how emerging altcoin projects can address them.

Stay tuned, and we’ll see you next week!

Related Reading | New SEC Regulations Add Cryptocurrency Under Security-Based Swap Rules

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Earn Fees for Trading on Uniswap v3: How To Make Limit Orders

Key Takeaways

  • Limit orders are a type of trade where users set a certain price point at which they choose to exchange one token for another.
  • Due to the new concentrated liquidity feature on Uniswap v3, users can, with a little know-how, execute these limit orders on the decentralized exchange.
  • Not only do limit orders avoid fees, they actually earn fees for the trader.

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One of the best-kept secrets of DeFi is a precise technique that allows traders to earn fees on their trade rather than pay them. To do so, head to Uniswap’s latest version to learn how to make limit orders.

Concentrated Liquidity

Uniswap is consistently at the forefront of innovation for decentralized exchanges (DEX). The project’s second version was one of the catalysts for the DeFi sector’s explosion in 2020. On April 1st, Uniswap’s v3 introduced a revolutionary concept to the Automated Market Maker system (AMM), concentrated liquidity. To understand how it works, let’s see how AMMs usually function.

Users provide liquidity to a pool in equal proportions. Once another user trades with the pool, he adds one of the two tokens contained by the liquidity pool slightly changing the price, as there is now more of a token than the other. The decentralized exchange, however, will always consider that both assets in the pool are in proportions of equal value. The result? The price of the sold asset will drop slightly while the price of the other one will slightly increase.

When a user trades with a liquidity pool, the pool adjusts its price and the user receives the other token. But there is a third actor in these trades, the liquidity provider, or as he’s called in traditional finance: the market maker.

In traditional finance, market makers are huge firms like Citadel. Market makers offer assets at two prices, one for sellers and one for buyers. It profits from the spread between these two numbers. The real business of market makers is not price; it’s volume. The higher the volume, the higher the profit.

In DeFi, anyone can be a market maker and provide liquidity. On Uniswap v3, users can even decide to provide liquidity to a certain part of the price curve, which allows them to earn more fees as long as the price of the asset stays in the range they selected. For example, setting a range price for ETH/USDC between 1500-2500USDC/ETH will result in more fees than providing liquidity to the entire range as long as the price of ETH stays between 1500 and 2500USDC.

Visualization of the concentrated liquidity feature from the Uniswap v3 whitepaper.
Visualization of the concentrated liquidity feature from the Uniswap v3 whitepaper.

Limit Orders on Decentralized Exchanges

There is a catch to providing liquidity in a certain range. If the price of ETH drops below 1500USDC, the aforementioned user will only be left with ETH. This is not a bug, this is how automated market making is intended. If you provide liquidity to a certain range, the protocol will use it to exchange one of your assets with the other until the minimum price at which you’ve decided to provide liquidity – at which point all of the stronger asset will have been exchanged with the weaker one. More details on this interaction can be found in this Uniswap v3 explainer.

You can use this mechanism to create limit orders on Uniswap v3. While market orders immediately exchange your funds with the pool, limit orders waits until a certain price is reached to swap your tokens.

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This has three major advantages. First, swapping assets on Uniswap can occur a fee that can be anywhere between 0.05% and 1%, which you don’t have to pay if you’re providing liquidity. Second, you can earn fees if your liquidity is used by others to trade with. Third, you can choose the exact price where you’d like to exchange your tokens.

To do so, you need to head to Uniswap’s v3 and add liquidity to a pool. Then, you need to select a price above the current price of the pool and supply the asset you’d like to exchange at that higher price.

Example of a limit order on Uniswap v3.

As you can see, the current market price of Ethereum is 2363USDC on Uniswap. Because I’ve set the range of liquidity provision above the current price, Uniswap v3 will automatically transform my ETH into USDC once we reach the minimum price I’ve set, 2401USDC. This is a complex manoeuver, but it can help you get much better prices on your DeFi trades, and it is completely safe. Happy trading!

Disclaimer: The author held ETH at the time of writing.

This news was brought to you by ANKR, our preferred DeFi Partner.

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Here’s What Bitcoin, Ethereum, Cardano and Polkadot Investors Should Watch for Next, According to Analyst Michaël van de Poppe

Popular crypto analyst Michaël van de Poppe is outlining key support levels for Bitcoin (BTC), Ethereum (ETH), Cardano (ADA) and Polkadot (DOT).

In a new video, van de Poppe says that at this point, $36,000 is an acceptable level for Bitcoin to drop to – but the price for the top crypto should not dip far below that level.



“This entire level between [$35 thousand] to [$36.5 thousand] is where I’m looking at. Right now we probably are going to have some sort of relief bounce to [$39 thousand] before we most likely are going to continue downwards at this stage.

Anything of bullishness that I’m looking at is either a flip of [$39.3 thousand] that’s going to trigger continuation to [$40.8 thousand], but if we really want to start pushing to the upside, [$40.8 thousand] is the level that you should be looking at.”

As for Ethereum, van de Poppe says he is looking at two price levels at which to buy the second-largest crypto by market cap.

“One is around [$2,300], the second one is around [$2,150], which is similar to Bitcoin going to [$36 thousand]. On the upside, we just lost support, so if we crack and flip [$2,530], that would generate bullish continuation and we probably test the highs again and we also have [$2,600] as a potential breaker here so I’m looking at a slight bounce.” 

Van de Poppe says that investors can look at how Ethereum performs against Bitcoin to assess the profitability of altcoins such as Polkadot. 

“Where Bitcoin is making a new lower low, Ethereum against Bitcoin is making a new higher high in this trend through which you’re going to seek for this higher low to be happening here, so anywhere in this region around 0.06 is where you should be looking at for longs for altcoins.

If you look at altcoins, for instance, with Polkadot, you can see we’ve made those lower lows and we’re shifting the trend. So where are you looking at for potential longs on Polkadot? You’re going to look at anything in this range of 14 bucks to 16 bucks as a flip, maybe high 13s – that should be flipping.”

Van de Poppe also says that Cardano is bullish and has seen a great bounce from support.

He’s looking to see if ADA can hold onto support at the $1.25 level. On the upside, he says a sustained break through the $1.47 level is the next region to watch.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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Altcoin Roundup: Hodling Ethereum? Here’s how and where to stake your ETH

The overall feel across the cryptocurrency landscape over the past week has been one of bubbling anticipation, with the Ethereum network finally undergoing its London hard fork, which includes reforms to the transaction fee market, thanks to EIP-1559.

London is the latest in a series of upgrades that are part of Ethereum’s measured transition from its original proof-of-work consensus model to a proof-of-stake model dubbed Ethereum 2.0.

On Eth2, tokenholders who hold at least 32 Ether (ETH) can operate a validator node and verify transactions on the network. With the current price of Ether trading near $2,700, that puts the entry cost of running an Eth2 validator node at $86,400 — a price too steep for most participants in the market.

To help combat this issue, several options — including staking pools and centralized exchange staking — have emerged to offer all Ether tokenholders the opportunity to earn a yield on their tokens.

Here’s a review of some of the top options currently available to Ether holders.


Another option available to Ether holders who wish to stake their tokens while also being able to access their equity is Lido, a liquid staking solution for Ethereum.

Liquid staking protocols allow users to earn staking rewards without locking assets or maintaining staking infrastructure.

Through the Lido platform, users can stake their Ether with no minimum deposit required, with a current APR of 5.4% after the staking rewards fee is deducted. In return for staked Ether, users receive stETH, which can be freely moved and traded at will.

Total value locked on the Lido protocol. Source: DeFi Llama

According to data from DeFi Llama, Lido is currently the top-ranked Ethereum staking pool and the eleventh-largest decentralized finance (DeFi) protocol by total value locked, with $3.26 billion in value currently locked in the Lido protocol.

The liquid staking capabilities of Lido are currently in the process of expanding, thanks to an initiative in the Anchor protocol community to list bETH — a wrapped form of stETH on the Terra blockchain — as a form of collateral on the Anchor platform, which will allow Anchor users to borrow TerraUSD (UST) against their staked Ether collateral as well as earn liquidity mining rewards.


StakeWise is an Eth2 staking service whose goal is to help users achieve the highest yield possible on their holdings through the combination of staking, yield farming, low fees and a unique tokenomic structure that enables compound staking.

Interested parties can deposit Ether into the StakeWise smart contract and, in return, receive sETH2, which is “staking ETH.” Rewards for the staked assets are paid out in rETH2, which is “reward ETH,” and both sETH2 and rETH2 can be exchanged at a one-to-one ratio for Ether.

These assets can also be transferred to any Ethereum wallet or exchanged for other tokens, allowing tokenholders to access the equity held in their staked Ether while also being able to earn staking rewards.

The StakeWise protocol enables anyone holding at least 0.001 ETH to participate in staking via StakeWise Pool, while larger tokenholders with at least 32 ETH can use StakeWise Solo, a noncustodial staking service where users provide the public part of their withdrawal key and blocks of 32 ETH for StakeWise to create and manage validators on their behalf.

The current APR offered for staking on the StakeWise protocol is 5.64%. There is a 10% commission for rewards generated through StakeWise Pool, while StakeWise Solo users are charged a fee of 10 Dai per validator per month.

Related: Boomer brand changes NYSE ticker from ‘ETH,’ acknowledging crypto’s ascendancy

Centralized exchanges

For users who are not quite up to speed on the ins and outs of decentralized finance — or simply prefer the more traditional custodial route — some of the top centralized exchanges in the ecosystem have started offering Eth2 staking services to traders on their platforms.

The leading options currently available to users in the United States are Coinbase and Kraken, the number-two and number-four globally ranked cryptocurrency exchanges, respectively, according to 24-hour trading volume.

The main drawback for users who wish to stake their Ether using one of these options is that their stakes will be illiquid, meaning that they will be unable to trade their tokens or access the value contained within until the Eth2 network is fully launched.

Kraken currently offers an annual staking reward of 5% to 7%, depending on the rules of the Ethereum protocol, and charges a 15% administrative fee on all rewards received.

The current APR offered by Coinbase is 5%, after a 25% commission is deducted. While neither Kraken nor Coinbase offers any kind of insurance on staked Ether, Coinbase has promised to cover any losses that occur should its validator responsibilities not be met.

Overall, the top staking options available to Ether holders offer an APR range of 5% to 7% and charge a minimum commission fee of between 10% and 25%. When compared with the sub-1% savings rate offered by most banks on a rapidly inflating dollar supply that loses more value by the day, Ether staking could soon become the preferred savings account and a source of passive income for cryptocurrency proponents.

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The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Every investment and trading move involves risk, you should conduct your own research when making a decision.