Tag: Movr

Why MOVR, RSS3, FTT, C98, MLN, CVC Are the Coins to Watch After PERP and FORTH’s Surge

by Blockchain News

Market Capitalization Overview

According to CoinMarketCap, among the top gainers, only SNX finds itself within the top 100 in terms of market capitalization, currently ranking at 48th place.

* In the 101-200 market cap range, ENJ has experienced a surge of around 20%.

* In the 201-300 range, DORA led the pack with a 15% increase. Additionally, four other coins—HPO, UNFI, DODO, and PEG—posted gains of 70%, 17%, 14%, and 10%, respectively.

* In the 301-400 range, six coins—TSUKA, CEL, BAKE, TLM, LEVER, REEF—saw increases of around or above 10%, with gains of 28%, 11%, 11%, 10%, 10%, and 10%, respectively.

* In the 501-600 range, no coin increased by more than 10%, although RFR did show a modest increase of 9.3%.

A Historic Decline

It’s crucial to note that all these coins have depreciated by over 90% in value since 2021, underlining the extreme volatility and associated risks in the cryptocurrency market.

One Key Factor to Observe

Most of these coins have surged by over 20% in the last two months.

* SNX previously surged by 25%, with an amplitude of 52%, on July 14.

* FORTH saw a 14.5% surge with a 46% amplitude on July 18, and again by 36.6% with a 55.6% amplitude on July 27.

* DODO experienced a 36.3% surge with a 43% amplitude on August 7.

* BAKE increased by 31% and 15% consecutively on August 13 and 14.

Additional Info

Top 10 Gainers in the Last 24 Hours on Binance:PERP, FORTH, UNFI, ENJ, SNX, DODO, BEL, BAKE, REEF, TLM.

Coins to Watch

Based on the following criteria:

1. Having surged over 20% in the previous two months,

2. Not having surged in recent days,

3. Holding a market cap between ranks 300-400,

Some coins to keep an eye on include: MOVR, MLN, RSS3, FTT, CVC, C98.

Conclusion

While the top gainers on Binance offer promising prospects, it’s essential to remember the inherent volatility of the cryptocurrency market. Investors are advised to conduct their own research and consider various factors before making any investment decisions.

Disclaimer: The information provided in this article is for informational purposes only and should not be considered as financial advice.

Image source: Shutterstock

Source

Tagged : / / / / / / / /

New Altcoin Built on Polkadot (DOT) Explodes After Launch, Gets Quick Listing From Binance

by Dailyhodl

An eagerly anticipated Polkadot-based project is lighting up the night sky after crypto exchange Binance announced plans to list the token.

Moonbeam (GLMR) is a smart contract platform compatible with the Ethereum Virtual Machine (EVM) that functions as a Polkadot parachain. The project goes beyond Ethereum’s base features by also offering staking, on-chain governance and cross-chain integrations.

The project highlighted its launch via a series of tweets.

“Moonbeam is the first fully operational parachain on Polkadot.

Moonbeam’s successful launch follows a broadly supported crowdloan campaign hosted by the Moonbeam Foundation! 35M+ DOT tokens (~$944M USD at the time the crowdloan ended) were contributed from 200k contributors worldwide.”

The freshly minted altcoin was released yesterday at a price of $10.57, then surged by 84.4% to a high of $19.50.

Moonbeam has since corrected and currently trades for $13.47 for an overall gain of 27.4% since first being listed.

Moonbeam’s sister project Moonriver (MOVR) also saw its price go vertical after being listed by Binance back in early November. MOVR operates on Kusama (KSM), Polkadot’s canary network.

Polkadot (DOT) is the #9 crypto asset by market cap and valued at $25.72. The interoperability project recently launched its parachain feature.

Binance says GLMR will be available in the Bitcoin (BTC), Binance USD (BUSD) and Tether (USDT) trading pairs.

Check Price Action

Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox

Follow us on Twitter, Facebook and Telegram

Surf

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.

Featured Image: Shutterstock/Tithi Luadthong/Natalia Siiatovskaia

Source

Tagged : / / / / / / / / /

Moonriver (MOVR) Completes Phase One of Its Launch Process

by Btcmanager

Moonriver (MOVR) has successfully moved into phase one of its launch process, making it the first live Kusama (KSM) parachain to have an open and permissionless collator set powered by a custom parachain staking pallet.

Moonriver (MOVR) Forging Ahead

Moonbeam, the Ethereum-compatible smart contract platform powered by Polkadot (DOT), has announced that Moonriver (MOVR), its sister network on Kusama (KSM), has reached another significant milestone in its five-phase launch process.

Moonriver won a parachain slot on Kusama earlier in June, to become the second parachain on the network. However, since that time, the Moonriver team has fast-tracked their work towards launching the network and Moonriver has now outpaced even Karura to become the first live Kusama parachain to put in place a transparent and permissionless collator set powered by a parachain staking pallet.

As reported by BTCManager on June 29, 2021, Moonriver started producing blocks on Kusama, as part of phase zero of its launch process. Fast forward to July 9, and the team, not resting on its oars, has now entered the first phase of the launch process. 

Notably, each phase is expected to reach completion between one to two weeks, and the entire rollout is expected to be done within six weeks.

Introducing Collators 

As stated in a blog post, phase 1 of the Moonriver launch process focuses on making the network more decentralized by bringing in community-run collators that will handle block production for the network.

For the uninitiated, collators function more or less like miners in a proof of work distributed ledger like bitcoin (BTC). In Kusama, collators ensure that parachains are running optimally by collecting parachain transactions from users, aggregate these transactions into parachain block candidates and produce state transition proofs for validators based on those blocks.

The team wrote:

“Moonriver is the first live parachain to have an open and permissionless collator set powered by a custom parachain staking pallet. In the coming weeks, community-run collators will take over block production for the network. This permissionless collator set is critical to ensuring censorship resistance and decentralization of the network.”

What’s more, the team says its major focus during phase one is to carefully monitor the decentralized collator set to ensure its working in a frictionless way with Moonriver, the Kusama Relay Chain, and its validators.

Once that is achieved, and the block production on the network remains stable, the team says phase two of the launch process will begin. During phase two, on-chain governance will be activated.

Related posts:






Like BTCMANAGER? Send us a tip!

Our Bitcoin Address: 3AbQrAyRsdM5NX5BQh8qWYePEpGjCYLCy4


Source

Tagged : / / / / / /

Moonriver (MOVR) Begins Producing Blocks on Kusama Network

by Btcmanager

Ethereum-compatible smart contract platform on the Polkadot network, Moonbeam has successfully secured a parachain slot for its sister network Moonriver on Kusama.

Moonriver Blocks in Production

Today, Moonriver bagged the second parachain slot on the Kusama network with a successful community-oriented crowdloan of more than 205,935 KSM raised from 5,977 contributors from the world over. The U.S. dollar equivalent value of the raised KSM is close to $45 million.

Shortly after securing a parachain slot, Moonriver is now successfully producing blocks on the Kusama network and has also commenced a steady rollout of its Ethereum-compatible smart contract platform.

Akin to its sister network Moonbeam on Polkadot, the Moonriver smart contract platform offers robust features beyond Ethereum compatibility and basic EVM support, such as making it easier for developers to build applications in the Kusama ecosystem.

It is worthy of note that projects powered by Moonriver will be able to leverage the same smart contracts languages, Ethereum-based accounts, developer tools, base-level integrations, and all other required services that they would require. All of this, in the new extended Kusama environment.

Once live on Moonriver, will be able to natively interact with Kusama as well as with other parachains connected to the network.

Commenting on the development, Derek Yoo, Founder of Moonbeam, said:

“The Moonriver launch is the result of a huge amount of effort from a large number of contributors, extending far beyond the PureStake development team.We are grateful to our technology and ecosystem partners who helped make this happen, including Parity, Web3 Foundation, our collator community, our ambassadors, and all of the contributors to the Moonriver crowdloan.”

Adding:

“As Moonriver completes its launch sequence and enables full functionality in the coming weeks, we look forward to supporting all of our ecosystem partners who plan to deploy to the network.”

Phases of the Launch

Although Moonriver has secured a parachain slot on the Kusama network with its block production already having commenced at 11:30 AM UTC, it is actually the first phase of Moonriver’s launch. Notably, the Moonriver network will gradually introduce new functionalities in line with the four-phase launch process to ensure network stability post-deployment.

Currently, the Moonriver network is in Phase 0 and is expected to take about 1-2 weeks to complete each phase.

In Phase 0, the network is essentially centralized as the genesis block is launched. At this point, the Moonriver team controls network governance and infrastructure. Next, in Phase 1, after ensuring the network is stable enough, third-party collators will be added and the network starts the decentralization process. Notably, Moonriver is the first network to have a decentralized collator set and a custom parachain staking pallet.

Phase 2 of the launch is concerned with governance where the Moonriver team will issue a runtime upgrade and enable governance.

In Phase 3, after ensuring the stability of network governance, the Sudo key (which grants the Moonriver team control) will be eliminated to transfer the control of the network to token holders.

Finally, Phase 4 will witness the full launch of the network where balance transfers and EVM will be enabled. During this phase, developers and end-users will have seamless access to all functions of Moonriver, which includes the ability to transfer funds, participate in the Moonriver staking system, deploy smart contracts, and claim crowdloan participation rewards.

Post the successful rollout of Phase 4, projects that have already been deployed to Moonbase Alpha, the Moonbeam TestNet, will start deploying to Moonriver.

Moonriver is committed to being decentralized through and, therefore, offering its crowdloan participants MOVR network tokens worth 30 percent of the total genesis network tokens. This will ensure the Moonriver community has a high degree of control over the network soon after its launch.

Moonriver’s parachain lease period will last for a total of 48 weeks, after which it will return the KSM received from crowdloan participants to the respective contributors.

Related posts:






Like BTCMANAGER? Send us a tip!

Our Bitcoin Address: 3AbQrAyRsdM5NX5BQh8qWYePEpGjCYLCy4


Source

Tagged : / / / / /
Bitcoin (BTC) $ 26,272.04 0.80%
Ethereum (ETH) $ 1,586.88 0.04%
Litecoin (LTC) $ 64.26 0.08%
Bitcoin Cash (BCH) $ 210.43 1.44%