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With Ethereums price struggling to hold $1,600, whales and other savvy investors are placing bets on Ethereum alternatives displaying more upside potential.

A recent Digital Asset Fund Flows report found that Solana was the only smart contract blockchain to receive capital inflows while value drained from Ethereum and other rival ecosystems.

Despite a rocky couple of years, it may be reasonable to predict that Solana is setting up for a bullish trajectory and significant gains. This is because while its price is down 24.86% in the last month and 46% in the last year, it continues to rack up fundamental accolades.

The news from Digital Asset Fund Flows is only part of it. For instance, MetaMask has recently launched support for Solana, presenting many new potential users to the blockchain.

A new Bitcoin alternative, Bitcoin BSC, is also highly in demand, having raised over $1.6 million in its presale in just over one week. The project aims to be Bitcoin on the Binance Smart Chain. It provides numerous advantages over the worlds leading crypto while offering investors the chance to buy at Bitcoins 2011 price of $0.99.

Moreover, since Solana holds a multi-billion dollar market cap and its future remains uncertain, investing in a new trending low-cap coin could prove more lucrative.

In a recent press release, payments network Visa announced it will expand its stablecoin capabilities to Solana. This is an experimental move, part of Visas stablecoin pilot program. As such, there will be no immediate liquidity inflows to the Solana ecosystem, but it does open the door to significant long-term potential if the pilot scheme succeeds.

Despite this, Solanas number of daily active active users has dropped to its lowest since records began in 2021. Its daily active user count is below 200K for the first time, signaling that the ecosystem is losing relevance despite the recent bullish news and capital inflows.

Overall, Solanas future looks to hang by a thread. Bitcoin BSC is proving a better option, combining the scarcity-focused tokenomics of Bitcoin with the scalability and functionality of the Binance Smart Chain.

With over $1.5 million already raised in the presale, investors have a short time window remaining to secure their $BTCBSC for just $0.99.

Solana is trading 92.91% below its all-time high (ATH). This would equate to massive gains if it recovers that price. Still, SOL is facing an uphill battle, with its community seemingly losing interest and increasing regulatory pressure after the SEC named it a security.

Comparatively, the new Bitcoin BSC is free from such issues, and interest is quickly ramping up as the presale progresses. Furthermore, Bitcoin BSC likely still has its ATH and best days ahead, with some analysts calling for 10x returns after it launches on exchanges.

Bitcoin BSC offers the fastest transactions of all Bitcoin clones and the easiest way to earn rewards through its Stake-to-Earn mechanism (currently offering over 350% APY). Despite this, Bitcoin BSC will have a surprisingly low fully-diluted market cap at launch of under $21 million.

With that in mind, Bitcoin BSC looks like one of the most promising cryptos, but investors looking to buy the presale should act quickly to avoid missing out.

Visit the Bitcoin BSC Presale

Tip: Another new project showing high potential is yPredict, an all-in-one AI ecosystem that has enjoyed bullish forecasts and predictions from countless top crypto analysts. For example, Youtuber Michael Wrubel, who boasts 300K subscribers, recently published a video stating he is massively optimistic about yPredicts future and has recently invested in it.

yPredict combines the capability of AI with the security, decentralization, and user-owned properties of cryptocurrency. It aims to create a fair and transparent platform from which all users can benefit. The project will offer numerous AI-powered tools, enabling users to make better trading cryptocurrencies decisions.

Furthermore, there are multiple ways for users to earn. The platform has a staking mechanism, offering up to 45% quarterly rewards to stakers derived from platform fees. Also, AI and machine learning engineers can generate recurring revenue by renting out their predictive models on the yPredict marketplace.

Through a range of trading tools like sentiment analysis and chart pattern recognition, yPredict harnesses the power of AI to level the playing field between retail and institutional investors. As such, the project already boasts 20,000 users on its waitlist and has raised $3.8 million in its presale.

The platforms native token, $YPRED, is used for staking, paying for services, and giving holders a say on the projects future. Moreover, holders can vote on which predictive models are listed within the yPredict marketplace. This ensures the platform maintains a high standard, listing only the highest-quality AI models on its website.

While the presale has begun exploding recently, investors still have a chance to buy $YPRED before it goes live on exchanges. However, they must hurry, as the presale price will rise 11% when it hits $4.5 million.

Visit yPredict Presale

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This Altcoin Is More In Demand Than Ethereum Among High Net ... - Finbold - Finance in Bold

The crypto market is on the move again this week, with major coins like Bitcoin Cash (BCH) surging over 10% in the last seven days.

This surge has pushed BCH back above the vital $200 level, which has previously acted as a powerful psychological barrier for investors.

Another project benefiting from renewed crypto investment activity is Bitcoin BSC (BTCBSC), which just hit $3 million raised in its ongoing presale event.

Bitcoin Cash is a crypto project created back in 2017 as a result of a hard fork from the original Bitcoin.

This hard fork was initiated after a group of Bitcoin users split off, wanting to increase the block size to allow more transactions to be processed in each block thereby reducing fees.

Since its creation, Bitcoin Cash has undergone several further forks, leading to the creation of new cryptos like Bitcoin SV and Bitcoin ABC.

However, Bitcoin Cash remains one of the more recognized and widely-used descendants of Bitcoin, boasting a market cap of $4.2 billion.

This makes BCH the 18th largest cryptocurrency globally at the time of writing, ahead of crypto market stalwarts like Chainlink and Stellar.

According to Blockchair.com, over 25.6 million wallet addresses are associated with Bitcoin Cash, while the network regularly handles more than 50,000 transactions per day.

Unfortunately for BCH holders, the projects scale hasnt translated into consistent price appreciation, as the coin has faced significant volatility in the past two months.

However, things could be about to change, with BCHs price surging 10% in the past week.

At the time of writing, BCH is hovering around the $219 level and has risen above the 20-day and 50-day Exponential Moving Averages (EMAs) on the daily price chart.

Bitcoin Cashs price rise hasnt been brought about by one specific catalyst instead, the coins value has benefited from Bitcoins recent reversal.

Given their historical correlation and the fact that both cryptos share a common origin, when BTC sees positive momentum, Bitcoin Cash often follows suit.

This scenario appears to be playing out in the market right now, with Bitcoins price up over 8% in the past week, leading to a boost in demand for BCH.

BCH is still over 30% below June's intra-year high, although momentum is on its side, suggesting that a continued push could be on the cards.

The next significant challenge for BCH lies at the $225 level, which has acted as resistance in the past.

Breaching this level would be a bullish sign for BCH, potentially providing a pathway for the coin to return to $250, where it traded in late July.

With CoinGecko reporting that more than 76% of users are feeling good about Bitcoin Cash today, its evident that investor sentiment is shifting priming it for an eventful few weeks ahead.

As the broader crypto market begins to show signs of a rebound, one project thats benefiting is Bitcoin BSC (BTCBSC).

This innovative crypto combines the sentimentality of Bitcoin with the efficiencies offered by the Binance Smart Chain thereby offering investors a unique blend of features that hasnt been seen before.

After launching its presale just under three weeks ago, Bitcoin BSC has already raised over $3 million in funding.

This milestone highlights the hype building around the project, evidenced by the official X account exceeding 7,000 followers.

Well-known crypto influencers have also been showing an interest in Bitcoin BSC, recognizing its solid tokenomics and appealing branding.

Prominent YouTuber No Bs Crypto recently uploaded a video breakdown of Bitcoin BSC, speculating that it could be "the next Bitcoin."

No Bs Crypto also highlighted Bitcoin BSCs built-in staking protocol, which allows BTCBSC holders to earn yields of 174% per year.

Looking ahead, Bitcoin BSCs team plans to launch BTCBSC on a major decentralized exchange (DEX) in Q4 2023, with 2% of the total token supply reserved for locked liquidity.

With so much activity around Bitcoin BSC already, its listing later this year is poised to be a sizable event, potentially leading to substantial price appreciation for early investors.

Visit Bitcoin BSC Presale

Original post:

Heres why Bitcoin Cash has pumped 10% in a week, as Bitcoin BSC hits $3 million - FXStreet

Tether (USDT) maintains the worlds biggest stable coin reserve, maintaining its position of being the third most valuable coin with over $66 Billion in market capitalization.

Tether (USDT) maintains the worlds biggest stablecoin reserve, maintaining its position of being the third most valuable coin according to CoinMarketCap (CMC), with over $66 Billion in market capitalization, at time of writing. Tether remains the largest stable coin despite its many controversies, which revolve around the collateral used to back USDT. Overall, Tether is number one in its class, standing out from all other stable coins; the next competing stablecoin, Circle and Coinbases USDC lags in 10th place according to CMC.

Tether is the most widely adopted coin in circulation. USDT was the first-ever stablecoin introduced to the market. It is designed to peg its issued coin 1-to-1 with the Dollar. Tether was one of the first stablecoins issued in several blockchains, available on the Tron, ETH, Omni, EOS, Algorand, Solana, and the Binance Smart Chain (BSC) networks. It has received mass adoption as the reserve currency for most traders as it doesnt fluctuate like typical crypto coins.

Tether enforces its peg through collateralizing every Tether minted; for every issued USDT, there is a reserve in the bank backing it. It was first released in 2014 under its first name, Realcoin by Bitcoin investor Brock Pierce, entrepreneur Reeve Collins, and software developer Craig Sellers. Since then, it has developed into the project we know today.

For many traders, stablecoins like USDT serve as a hedge during market corrections. It serves as a lifeboat type that allows investors to rotate into a Fiat pegged coin without cashing out into real-world Fiat. This strategy has proven useful, especially since Fiat still dominates other currency types like crypto in most countries economies. The stablecoin utility is still very much tied to its stability as opposed to traditional crypto assets. Overall, Tether allows users to exchange in stablecoins seamlessly, with no worries about fiat-crypto onramps.

In the original Tether Whitepaper abstract, the developers explained the coins accountability measure: To maintain accountability and to ensure stability in exchange price, we propose a method to maintain a 1-to-1 reserve ratio between a cryptocurrency token, called tethers, and its associated realworld asset, fiat currency. This method uses the Bitcoin blockchain, Proof of Reserves, and other audit methods to prove that issued tokens are fully backed and reserved at all times.

Although the first blockchain used was the Bitcoin Omni blockchain, Tether has been deployed on other chains, with Ethereum becoming its most extensive network and largest by volume. The growth can be attributed to the Decentralized Finance (DeFi) boom experienced on the ETH network. Originally, USDT was pegged 1:1 to USD but later included collateral as other real-world cash equivalents, assets, and receivable loans.

Before its launch in July 2014 and its first use on cryptocurrency exchange Bitfinex in February of 2015, traders did not have a means or a hedge to protect their crypto assets against the volatility experienced in traditional crypto assets. The introduction of stablecoins increased the adoption of cryptocurrencies as traders now have the confidence of hedging and realizing profits to a pegged stablecoin. By providing stability, traders can hold an asset equivalent to a real-world fiat currency, allowing seamless crypto trading.

Tethers most prominent use cases are its reserve tendencies, cross-chain interoperability, with a growing list of different blockchain types accepting and integrating the stablecoins. In the case of a sharp fall of the market, Tether and other stablecoins act as a safety net guiding against loss.

Tethers weakness remains its ability to constantly find itself in various controversies with each new phase of crypto market growth, one that continually creates doubt in users' minds about its alleged pegged real-world fiat holdings.

For example, in 2018, $100 million USDT was stolen from Bitfinex, the parent company and exchange of the stablecoin and the largest holder of the coin, and was sent to an unidentified address.

In April 2019, New York Attorney General Letitia James accused the company of hiding an $850 million loss of a co-mingled client and corporate funds from investors. Court filings would later find out that these funds were given to a Panamanian entity called Crypto Capital Corp. without a formal contract or agreement to handle withdrawal requests. Bitfinex allegedly took a minimum of $700 million from Tethers treasury reserves to cover the loss once the money went missing.

And in 2021, the rumors and speculations about its legitimacy and reserve arent going away. The community is afraid of a bubble getting burst for the most significant stablecoin in todays market. Tether has seen its market share diminished by USDC as many investors see USDT as increasingly a lynchpin in a potential market crash scenario. Without full regulation or transparency of the coins backing, investors have slowly become antagonistic to the once all-powerful stablecoin.

Tether as a stablecoin in the market still retains its relevance despite the many controversies and concerns over legitimacy. However, the team still needs to raise the confidence level of traders and investors, who often, over time, have called for more transparency and external audits of the firm.

Overall, Tether plays an integral role in the cryptocurrency space, receiving mass adoption for nearly all crypto users. The increasingly large amount of decentralized application is only perpetuating USDTs use case as we see an influx of tether being minted daily. As the bull market continues, we can expect to see the trend of more users onboarding using this stablecoin, among others.

Dont forget to download the BSC News mobile application on iOS and Android to keep up with all the latest news for Binance Smart Chain and crypto! Check out the DeFi Direct Linktree for all the access links!

For those looking for tools and strategies regarding safety and crypto education, be sure to check out the Tutorials, Cryptonomics Explainers, and Trading Tool Kits from BSC News.

Link:

Pi Network Announces StreamVault as July Hackathon Winner - BSC NEWS

Pixabay / PIRO4D

One week after leading GambleFi project Rollbit (RLB) launched its European expansion campaign with SSC Napoli, price action has taken a tumultuous turn for the worst as RLB tumbles -10% overnight, leaving some asking 'is Rollbit coin going to zero'?

The major sporting partnership with the Serie A team fuelled huge optimism in the crypto community, with bag-holders arguing the partnership was testament to Rollbit's massive revenue over the past month.

Despite the downside price action, Rollbit appears to be showing no signs of distress, with volumes surging to all-time highs across all three project revenue streams (casino revenue, crypto futures revenue, and sports revenue).

Better yet? A deflationary burn-mechanism is in full force - with 0.1% of RLB supply being burned in just the last 24-hours - suggesting that much of the recent downside relates to paper-handed investors.

Amid the sudden downside move, Rollbit is currently trading low in the trading channel at a market price of $0.12 (representing a 24-hour change of 0.00% as price action remains incredible tight-fought).

The -19% bleed-out over the past 48-hours was triggered on September 17, when RLB was rejected from stiff resistance around the gently descendant 20DMA.

This came after a strong display by RLB, which bounced off lower trendline support +40% from September 12 to re-test the 20DMA.

With price now sat back above lower trendline support, a second bounce from here would bode well for technical structure - creating a zone of double-bottomed support.

The downside move is significant in cooling-down RLB's RSI indicator, which has dropped down from an overbought signal at 53 to an oversold signal at 44.

With price structure now considered over-sold a bounce from here could be likely; with the previous bounce from lower trendline support on September 12 triggering at a low of 39 on the RSI.

As for the MACD, the outlook on this indicator remains bearish divergence at -0.0029.

Overall, current RLB's troubled posture could conceal silver-linings, a bounce from the lower trendline here as suggested by the RSI could leave RLB poised for a re-test with the 20DMA (this time with double-bottomed support).

This leaves RLB with an upside target at $0.1525 on the short-time frame (+18.22%).

While downside risk here remains limited by lower trendline support at $0.12 (-6.98%).

Rollbit's risk: reward ratio is therefore stood at 2.61 - a strong entry with good upside potential from here.

But while RLB is enduring downside moves, an emerging Bitcoin derivatives presale is making significant headway as its skyrocketing presale surges past a whopping +$3m.

On-Chain Summer has given rise to an emerging vertical of Bitcoin off-shoot projects. While the term "Bitcoin derivative" might raise eyebrows, heres what it signifies: a digital asset that leverages the strengths of Bitcoin and, at the same time, offers enhancements to rectify its challenges.

And with more than $2.6M raised this is what has markets so excited about Bitcoin BSC.

BTCBSC's commitment to retaining Bitcoin's cherished tokenomics, including the iconic 21 million token cap, ensures familiarity, while its unique offerings make it stand out.

One can't help but marvel at BTCBSCs integration with BSC (Binance Smart Chain), promising lightning-fast transaction times and minimal fees.

Forget the 10+ minute wait times of traditional Bitcoin; with BTCBSC, your transactions are confirmed in under five seconds, all for a mere $0.10.

This enhanced efficiency opens the door for broader usability, ensuring BTCBSC's relevance for a range of dApps, from microtransactions to significant financial remittances.

But that's not all, BTCBSC's adoption of proof-of-stake over proof-of-work offers a greener, more sustainable mechanism that's in line with contemporary environmental concerns.

By doing so, it ensures that the energy concerns that often plague traditional cryptocurrencies are a thing of the past.

>>>> Buy Bitcoin BSC Here <<<<

BTCBSC isn't just a token; it's an investment strategy - focused on: Staking, which has become a focal point in the DeFi space, takes center stage in the BTCBSC ecosystem.

The benefits are two-fold: it offers token holders a lucrative yield (imagine an APY of 8-10%!) and it promotes long-term holding, reducing the notorious price volatility often seen with new crypto projects.

By distributing a staggering 69% of the total token supply as staking rewards over 120 years, BTCBSC not only incentivizes holding but promises sustained and stable growth.

>>>> Buy Bitcoin BSC Here <<<<

Now comes the crux: the BTCBSC presale -a limited-time opportunity, the presale offers 29% of the total token supply to early participants at a tantalizing price of $0.99 per token.

Comparing this to Bitcoins 2011 price gives a nostalgic yet optimistic perspective on BTCBSC's potential.

With liquidity already locked via Unicrypt and a soon-to-be launch on PancakeSwap, the prospects for BTCBSC are incredibly promising.

The parallels to the surges seen in other Bitcoin derivatives, like BCH and BTC20, cannot be ignored.

BTCBSC is poised to not only emulate, but potentially surpass these successes, especially with its strategic staking model.

So in ever volatile crypto markets, BTCBSC emerges as a beacon of innovation and promise - delivering advanced features, combined with the trustworthiness of Bitcoin's legacy, has seen BTCBSC break-out as a top tier investment opportunity.

As the crypto community eagerly watches the BTCBSC journey, its clear that this is more than just another token; it's a movement, a strategy, and most importantly, an opportunity.

Join the future; join the BTCBSC revolution. Stay tuned for the latest ICOs.

>>>> Buy Bitcoin BSC Here <<<<

Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.

Read the rest here:

Is Rollbit Coin Going to Zero? RLB Price Drops 10% Overnight as ... - Cryptonews

Tether (USDT) maintains the worlds biggest stable coin reserve, maintaining its position of being the third most valuable coin with over $66 Billion in market capitalization.

Tether (USDT) maintains the worlds biggest stablecoin reserve, maintaining its position of being the third most valuable coin according to CoinMarketCap (CMC), with over $66 Billion in market capitalization, at time of writing. Tether remains the largest stable coin despite its many controversies, which revolve around the collateral used to back USDT. Overall, Tether is number one in its class, standing out from all other stable coins; the next competing stablecoin, Circle and Coinbases USDC lags in 10th place according to CMC.

Tether is the most widely adopted coin in circulation. USDT was the first-ever stablecoin introduced to the market. It is designed to peg its issued coin 1-to-1 with the Dollar. Tether was one of the first stablecoins issued in several blockchains, available on the Tron, ETH, Omni, EOS, Algorand, Solana, and the Binance Smart Chain (BSC) networks. It has received mass adoption as the reserve currency for most traders as it doesnt fluctuate like typical crypto coins.

Tether enforces its peg through collateralizing every Tether minted; for every issued USDT, there is a reserve in the bank backing it. It was first released in 2014 under its first name, Realcoin by Bitcoin investor Brock Pierce, entrepreneur Reeve Collins, and software developer Craig Sellers. Since then, it has developed into the project we know today.

For many traders, stablecoins like USDT serve as a hedge during market corrections. It serves as a lifeboat type that allows investors to rotate into a Fiat pegged coin without cashing out into real-world Fiat. This strategy has proven useful, especially since Fiat still dominates other currency types like crypto in most countries economies. The stablecoin utility is still very much tied to its stability as opposed to traditional crypto assets. Overall, Tether allows users to exchange in stablecoins seamlessly, with no worries about fiat-crypto onramps.

In the original Tether Whitepaper abstract, the developers explained the coins accountability measure: To maintain accountability and to ensure stability in exchange price, we propose a method to maintain a 1-to-1 reserve ratio between a cryptocurrency token, called tethers, and its associated realworld asset, fiat currency. This method uses the Bitcoin blockchain, Proof of Reserves, and other audit methods to prove that issued tokens are fully backed and reserved at all times.

Although the first blockchain used was the Bitcoin Omni blockchain, Tether has been deployed on other chains, with Ethereum becoming its most extensive network and largest by volume. The growth can be attributed to the Decentralized Finance (DeFi) boom experienced on the ETH network. Originally, USDT was pegged 1:1 to USD but later included collateral as other real-world cash equivalents, assets, and receivable loans.

Before its launch in July 2014 and its first use on cryptocurrency exchange Bitfinex in February of 2015, traders did not have a means or a hedge to protect their crypto assets against the volatility experienced in traditional crypto assets. The introduction of stablecoins increased the adoption of cryptocurrencies as traders now have the confidence of hedging and realizing profits to a pegged stablecoin. By providing stability, traders can hold an asset equivalent to a real-world fiat currency, allowing seamless crypto trading.

Tethers most prominent use cases are its reserve tendencies, cross-chain interoperability, with a growing list of different blockchain types accepting and integrating the stablecoins. In the case of a sharp fall of the market, Tether and other stablecoins act as a safety net guiding against loss.

Tethers weakness remains its ability to constantly find itself in various controversies with each new phase of crypto market growth, one that continually creates doubt in users' minds about its alleged pegged real-world fiat holdings.

For example, in 2018, $100 million USDT was stolen from Bitfinex, the parent company and exchange of the stablecoin and the largest holder of the coin, and was sent to an unidentified address.

In April 2019, New York Attorney General Letitia James accused the company of hiding an $850 million loss of a co-mingled client and corporate funds from investors. Court filings would later find out that these funds were given to a Panamanian entity called Crypto Capital Corp. without a formal contract or agreement to handle withdrawal requests. Bitfinex allegedly took a minimum of $700 million from Tethers treasury reserves to cover the loss once the money went missing.

And in 2021, the rumors and speculations about its legitimacy and reserve arent going away. The community is afraid of a bubble getting burst for the most significant stablecoin in todays market. Tether has seen its market share diminished by USDC as many investors see USDT as increasingly a lynchpin in a potential market crash scenario. Without full regulation or transparency of the coins backing, investors have slowly become antagonistic to the once all-powerful stablecoin.

Tether as a stablecoin in the market still retains its relevance despite the many controversies and concerns over legitimacy. However, the team still needs to raise the confidence level of traders and investors, who often, over time, have called for more transparency and external audits of the firm.

Overall, Tether plays an integral role in the cryptocurrency space, receiving mass adoption for nearly all crypto users. The increasingly large amount of decentralized application is only perpetuating USDTs use case as we see an influx of tether being minted daily. As the bull market continues, we can expect to see the trend of more users onboarding using this stablecoin, among others.

Dont forget to download the BSC News mobile application on iOS and Android to keep up with all the latest news for Binance Smart Chain and crypto! Check out the DeFi Direct Linktree for all the access links!

For those looking for tools and strategies regarding safety and crypto education, be sure to check out the Tutorials, Cryptonomics Explainers, and Trading Tool Kits from BSC News.

Read the rest here:

North Korean Lazarus Group Reportedly Behind $54 Million CoinEx ... - BSC NEWS