After teetering around 9-10k for ages, BTC smashes through all the way to 11k, this could be the surge we've been waiting for?
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Certain select alt coins led the way, and now BTC caught on.
May the altcoin market be set on fire.
< Ethereum price smashing BTC price into the ground as people wake up to the truth.
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Would be great to relive the excitement of the crypto craze a few years ago and have all these alts start going haywire...took a stab on a few shitcoins that are all .05 USD or less and bought back into iota. Grabbed some elrond too.Comment -
Only a tiny bit of pull-back to around 10.9-11k for BTC so far, which is the least you'd expect after that big of a surge. If anything the fact that there wasn't a quick sell off seems like a good sign for future growthComment -
Yep and everything is up again this morning. Like someone else said, buy any dips fast because things could be surging soon. The key is do you stick with the top 5-10 big boys or do you find that hidden lottery ticket? I'm a gambler at heart so I'm always looking for the shitcoin that will turn into goldComment -
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Bought some AMPL at .71. It's definitely not a HR coin. Hoping to make 30%.Comment -
ETH is a great buy right now at $343.Comment -
When raiders talks, you listenComment -
Big changes with the Crypto.com app. They are turning into a 1 coin (CRO) website. If you have MCO staked, it will be converted to CRO. They are offering a 20% bonus paid in CRO if you make the conversion this month. You have until Nov 2 to make the conversion - do it by Sept 2 to get the 20% bonus. MCO will eventually disappear.
You should get details in your email. The app will need an update to do the conversion. The different tiered cards just got a lot more expensive to acquire (cost more USD in CRO). Not sure if you can do this, but if you were thinking of upgrading to the next tier, do it now before you update the app.
If you're happy with your present tier, then just leave it forever staked....
MCO is up 36% today....Comment -
So once November passes mco will be worthless? I know I read it will still be used with eth but won't be used with cro.Comment -
Yep, sounds like they are phasing out MCO. Also, they've changed the tier levels since yesterday. For example, yesterday the emerald green card needed 50K CRO staked (about $8500 USD). Today, it is showing just 10K CRO is need to be staked (about $1700 USD). Same for all the other tiers. So, these rates are actually lower than the "old" MCO rates.
When you press the "convert" button in the app, it takes about a full minute to convert your MCO to CRO. There will be better perks all around - it's a profitable conversion. Staked CRO pays 18% interest whereas it was only 8% with MCO...Comment -
Coca Cola announced that they are testing DeFi on ETH.Comment -
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Raider. I picked up some link last month, and it has done well. Do you think it will be good to hold in the longrun?Comment -
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I didn't pick up too much of it, so I will hang on and hope for boom.Comment -
Almost everything good right now.
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Trying to remember. Last cycle...was it Altcoin mania, then BTC pump and all the alt gains fomoing back into in BTC, then crash?Comment -
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BAND still on a big roll. If you are ever going to jump into cryptos, now is the time to do it. These runs happen every 3 years or so.
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Awful day but there will be pullbacks. Still high on ETH.Comment -
Alts going crazy. I'm swing trading AMPL and looking at all the DeFi. Holding ETH.Last edited by raiders72001; 08-12-20, 11:47 AM.Comment -
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DeFi season
Top DeFi DApps
Below, you will find the top ten Ethereum-powered DeFi protocols that you can use today ranked by the dollar amount locked up in each platform’s smart contracts.
We have used data from DeFi analytics provider DeFi Pulse to compose our list of top DeFi platforms.
Maker
Maker is by far the most significant decentralized finance application in the market. With a DeFi market dominance of around 60 percent, about $600 million worth of digital assets is currently locked in Maker protocol smart contracts.
The MakerDAO is a decentralized lending protocol that makes use of Collateralized Debt Position (CDP) to create the stablecoin Dai (DAI), which has its value pegged against the US dollar. Dai is generated when users deposit ether (ETH) as collateral in CDPs.
Dai is the only decentralized, stable digital currency that anyone can use without limitations. Unlike other dollar-pegged stablecoins, it does not hold dollars in a bank. Instead, the Maker protocol uses smart contracts and collateral in the form of ETH to maintain the price peg.
Dai can be used to lend (to earn interest), to make payments, to trade, or to invest in other Ethereum-based assets.
Synthetix
Synthetix is an Ethereum-powered decentralized investment platform that enables users to create and trade so-called “Synths,” which provide on-chain exposure to tokenized, synthetic versions of real-world assets.
Originally called Havven, Synthetic enables Ethereum users to invest in synthetic assets that can represent gold, bitcoin, dollars, or Tesla stock, among other assets. Trades take place on a peer-to-peer basis and on a non-custodial basis.
Currently, Synthetix has over $140.6 million held in its liquidity pools.
Compound
Compound is a decentralized, algorithmic money markets protocol that enables digital asset holders to borrow and lend crypto against collateral. By adding digital assets into the Compound, liquidity pool crypto holders can earn interest, which adjusts automatically in relation to supply and demand.
The Compound protocol currently has over $128.4 million locked up in its liquidity pools and has emerged as one of the most popular decentralized lending platforms today.
InstaDApp
InstaDApp refers to itself as a trustless smart wallet for decentralized finance. It is an application that enables DeFi users to “seamlessly manage, optimize, and deploy your assets to get the best returns across protocols.”
InstaDApp provides a user-friendly dashboard that allows users to manage their DeFi investments across protocols such as Maker, Uniswap, and Compound. For new DeFi users, InstaDApp provides a great starting point.
Currently, over $80.7 million are locked up in InstaDApp smart contracts.
Uniswap
Uniswap is a decentralized exchange protocol that enables users to convert Ethereum-based ERC20 tokens on-chain in a private, secure and non-custodial manner via an extremely easy-to-use user interface. Instead of using order books, Uniswap makes use of so-called liquidity pools that help to boost the protocol’s exchange liquidity.
Unsurprisingly, Uniswap emerged as one of the most popular decentralized exchanges for Ethereum tokens today.
$59.5 million worth of Ethereum tokens is currently held in Uniswap liquidity pools.
dYdX
dYdX is an Ethereum-powered non-custodial trading platform that enables crypto traders to go long and short digital assets on margin. Currently, traders can trade ETH using the stablecoins DAI or USDC with up to 5x leverage.
Additionally, it enables users to borrow and lend crypto. Lenders can earn up to 5.10%, while borrowers can pay as little as 0.51% interest p.a. (depending on the asset).
Over $19.4 million of Ethereum-based tokens are currently locked up in the dYdX protocol.
bZx
bZx is an open finance protocol built on top of the Ethereum blockchain that enables users to borrow, lend, and trade digital assets. Ethereum users can earn interest for lending via the protocol, while borrowers can borrow at reasonable rates, which are set by supply and demand. Margin traders, for example, can benefit from the platform by paying lower margin lending rates than on centralized exchanges.
Over $12.4 million in tokens are currently held in bZx smart contracts.
Bancor
The Bancor Network is a decentralized exchange protocol that enables users to convert digital tokens between each other as opposed to having to go through a centralized trading platform.
Bancor runs on top of the Ethereum blockchain and uses smart contracts to enable the non-custodial trading of digital assets. The main aim of Bancor is to create liquidity for digital tokens through the use of what it calls Smart Tokens.
Currently, more than $11.3 million of cryptoassets are locked in the Bancor protocol.
WBTC
WBTC stands for Wrapped Bitcoin and is a tokenized version of Bitcoin on the Ethereum blockchain. It is an ERC20 token that is backed 1:1 by bitcoin.
Its raison d’être is to enable Ethereum users to buy, hold, and trade bitcoin within the Ethereum ecosystem. Additionally, it enables users to use bitcoin in smart contracts in an easy-to-use manner that is interoperable with all Ethereum-based applications.
Over $6.8 million are currently locked in WBTC smart contracts.
Set Protocol
Set Protocol is an Ethereum-powered open finance protocol that enables crypto investors to create and/or buy Strategy Enabled Tokens (or Sets), which are algorithmically structured baskets of digital assets that are based on a range of criteria, strategies, parameters, and asset weightings. Each Set is represented by a tradable ERC20 token.
At the time of writing, over $4.6 million worth of digital assets were locked in Sets.
The fast-growing DeFi market is a testament to the financial innovations that are emerging from the blockchain industry. Should the current DeFi growth rate continue, we could see decentralized, borderless, open finance solutions replace many of the function’s that today’s centralized financial institutions are offering.
If you are trying to find an exchange, click on the coin then market pairs. https://coinmarketcap.com/Comment -
Good info raider.Comment
