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3 Must-Have Cryptos For May: Cardano (ADA), Firepin (FRPN), Litecoin (LTC)

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3 Must-Have Cryptos For May: Cardano (ADA), Firepin (FRPN), Litecoin (LTC)

These three cryptos will be the most popular in the month of May in 2022

With the onset of the new month, the crypto market is still recovering from the market slump that took over last month. Out of all the options available, just a few seem to be performing well in these trying times. A wise crypto investment over the current period could provide you with passive income to help with your financial security.

After sufficient research and assessment of your portfolio, you could choose the best available options. Here are three cryptos that the analysts are feeling optimistic about!

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Cardano (ADA)

Cardano (ADA) is in a phase where it is gradually recovering from a fall in its value. This could be the last chance for investors to ‘buy the dip’ and then sit back and watch the investment reap benefits.

In the first quarter of the year, Cardano saw a lot of network activity. The blockchain’s high transaction volume (LTV) reflected an increase in institutional demand. After being released in 2017, Cardano had a significant upgrade in September 2021. This improvement has benefited ADA’s growth, and the Cardano ecosystem has lately added 400 new projects, increasing the overall number of projects to around 900. The extensive network now includes DeFi loans, new wallets, and NFT collections. The value of ADA is steadily increasing, which will give investors consistent returns.

Hence, this month could be an ideal time window to lock down your investments in the Cardano (ADA) cryptocurrency.

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Firepin (FRPN)

Firepin (FRPN) is a new addition to the crypto market and has impressed its early investors already with a well-crafted whitepaper. The developers identify the token as a community token. FRPN is a DAO cryptocurrency and is well on its way to democratise the decision-making process in the fintech world.

A tiny fee would be applied to every transaction made on the Firepin token network. The funds earned from this transaction fee will be used to fund the network’s treasury and liquidity, with a portion of the FRPN tokens being redistributed to individuals who already own them. The treasury’s funds will be used to create NFT and Metaverse games, as well as invest in teams and organisations striving to influence Metaverse’s future.

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With a promise of transparency and inclusion of the investor, Firepin could be a trustworthy addition to your portfolio. The token is currently in its second presale phase which makes it a timely investment opportunity. The cryptocurrency is set to perform well and is available at a discounted price as of now!

 

Litecoin (LTC)

Given its launch in 2011, Litecoin (LTC) is one of the oldest players in the crypto game. The LTC development team is continually working on new features to stay up with the fast-paced fintech business despite its old age. The coin has remained not only relevant but also extremely promising. The most recent upgrade, which was published in January, focuses on security and privacy by making transactions on the digital ledger confidential.

Moreover, LTC seems to be recovering well from the market gloom in comparison to the other tokens. A history of positive performance and the current development make Litecoin an ideal investment opportunity for a portfolio that will thrive.

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You can incorporate these few tokens into your long-term financial plan to reap secure returns!

 

Learn more about Firepin (FRPN):

Join Presale: https://presale.firepin.io/register

Website: https://firepin.io/

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Telegram: https://t.me/FIREPINOFFICIAL

Twitter: https://twitter.com/FIREPIN_io

 

Disclaimer: The information posted in the article is for educational purposes only. By using this, you agree that the information does not constitute any investment or financial advice. Do conduct your own research and reach out to financial advisors before making any investment decisions.

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The post 3 Must-Have Cryptos for May: Cardano (ADA), Firepin (FRPN), Litecoin (LTC) appeared first on .

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Cardano

Cornucopias: A Revolutionary Cardano Blockchain Project That Is Redefining The Gaming Metaverse Industry

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Cornucopias: A Revolutionary Cardano Blockchain Project That Is Redefining The Gaming Metaverse Industry

press release

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PRESS RELEASE. The metaverse is a virtual world that allows millions of players to live beyond their immediate environment. With blockchain technology, users can create, own and utilize digital assets while interacting with other people in the virtual space.

Cornucopias ‘The Island’ is a play-to-earn, build-to-earn, learn-to-earn, host-to-earn MMORPG game powered by the blockchain. In a world of unique domes, players can own land and other NFT-based assets which can be traded with other users on Cornucopias’ marketplace and many secondary market places. Cornucopias is a fun, safe and expanding metaverse with one of the most positive and engaged communities of any blockchain-based project.

With the excitement of metaverse innovation sweeping the globe, there is an extremely high demand for the first Cornucopias land sale, which is expected to sell out in record time. Cornucopias NFT projects have a track record of completing successful sales with the right balance of supply and demand. For example, Cornucopias NFT2tree philanthropic NFTs sold out in under 20 seconds and planted close to 50,000 trees in Senegal, Africa, and that number increases daily in perpetuity. Bubblejett NFTs sold out with Mythic rarity hitting over 100x value on secondary markets. In addition, the GTI Javelin NFT sold out despite experiencing a system pause, and the community benefited when the Cornucopias team decided to gift the GTI Javelin NFTs for free to thank their extremely positive community for their patience.

Dominating the Blockchain Gaming Industry

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The main objective of Cornucopias is to lead the metaverse industry through its highly innovative ecosystem. Furthermore, the Cardano blockchain supports the game with a thriving community passionate about physical and digital projects. Therefore, Cornucopias is gaining the attention of metaverse enthusiasts, gamers and the mainstream audience around the world, with new members joining the community at a highly accelerated rate.

Cornucopias ‘The Island’ is more than just a blockchain-based game because participants can do more. In traditional gaming, players repeatedly pay through micro-transactions, subscription fees, DLC packages, and other money-grabbing mechanisms that generate over $300 billion in annual revenue for traditional game developers. As large traditional game developers struggle to crack the code on the blockchain-based games that are the future of the industry, Cornucopias is perfectly positioned to claim a large portion of the gaming industry pie.

The new gaming model is with NFT assets, it provides the exact opposite user experience. Instead of repeatedly making in-game purchases to ‘unlock’ game content, players only need one purchase to own an NFT for life, or sell it on the secondary market. The benefits of this ownership for players include a plethora of perks, rewards, and privileges. As a result, owning a Cornucopias NFT allows players to possess an ‘unprecedented utility’ that unlocks various features and in-game advantages, with the future of using those same owned assets in other games and on other blockchains.

Participants are freed from paying monthly membership fees because the Cornucopias game is free-to-play, which gives everyone on the planet the ability to take advantage of the opportunity to join the metaverse, and play the games it contains and much more. Players can sell their NFTs, trade them with someone else, or stake them for additional rewards.

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In addition, ‘The Island’ combines gaming with real-world commerce and gives opportunities for

traditional and e-commerce companies to own land in the metaverse, sell and promote their real-world brands, goods and services to a hard-to-reach global audience that they have potentially never had access to before.

The project is easily accessible worldwide and is built on the latest Unreal Engine 5 games engine. This software makes the game compatible with PCs, mobile phones, game consoles and smart TVs. As a result of Cornucopias’ bold strategy to become the first AAA UE5 blockchain based game, Cornucopias is ahead of the competition and already has the attention of global brands, the growing crypto community, game developers, 3D artists, and the game enthusiasts that will power and run the governance of the self sustaining ecosystem.

More development for the future

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The NFT2Tree mints are a test program for Cornucopias internal NFT sale, mint and marketplace system, which will be used in the upcoming land sale, and an opportunity to provide real-world eco and sustainability value, with all monies from the sale going to plant trees in Senegal, Africa. As a project that wants to impact both the digital and physical world, Cornucopias intends to kick off many other philanthropic NFTs.

Furthermore, 100% of the secondary market sales commission will be used to plant real trees into perpetuity, with the hope of automatically sustaining an increasing positive impact.

Cornucopias is also launching the first of many mobile mini-games in Q3 2022, the PC game in Q4 2022 and consoles in 2024 to maintain its highly aggressive road map.

About Cornucopias

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Cornucopias ‘The Island’ is a massive play-to-earn, build-to-earn, host-to-earn, and learn-to-earn blockchain-based game where players can be rewarded with and/or own land, properties and other NFT-based assets with real-world value, all by playing games in a fun and safe metaverse.

To learn more about Cornucopias ‘The Island’, click on the links below.

Twitter | Discord | YouTube | Telegram | Website


This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

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Bitcoin, Ethereum lead outflows as crypto investments see red week

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Bitcoin, Ethereum lead outflows as crypto investments see red week

Bitcoin · Cardano · Ethereum › Analysis

The total value of crypto assets under management dropped to to $38 billion, the lowest since July 2021.

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2 min read

Updated: May 24, 2022 at 2:20 pm

Cover art/illustration via CryptoSlate

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Digital asset investment products saw outflows totaling $141 million in the week of May 16 due to the bearish stance of investors towards the market, according to CoinShares’ weekly report.

Bitcoin led the pack as investments in the asset saw outflows of $154 million during the period. However, its month-to-date and year-to-date metric remain positive.

Meanwhile, the outflows continued in Ethereum as it recorded roughly $0.3 million in outflows bringing its year-to-date outflows to $239 billion. 

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Cumulatively, this brings the total value of assets under management to $38 billion, the lowest since July 2021. 

$154M outflow from digital U.S. investment products

Digital investment products in Europe had an inflow of $12.4 million, while those in the U.S. saw an outflow of $154 million. The bearish sentiment is in contrast to the prior week when U.S. investors were bullish and took advantage of the crypto market crash.

Purpose Bitcoin ETF saw the most outflow for crypto investment vehicles this week at $150 million. However, its total flow YTD is still a positive $244 million. 

CoinShares XBT continued its massive run of outflows with another $5.2 million leaving its coffers, bringing its YTD flows to a negative of $337 million.

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Blockchain equity investment products had a bad week with $20 million in outflows, which is not surprising given the sell-off experienced by the equities market during the week of May 16.

Cardano, Polkadot see inflows

Altcoins like Cardano and Polkadot also experienced a minor inflow totaling $1 million each.

Multi crypto-asset investment products continued their sterling performance for this year. These products have had only two weeks of outflows and ended the week with $9.7 million in inflows.

According to the report, investors might be taking advantage of the “relative” safety these investments bring, especially in volatile periods.

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The crypto market is still smarting from the crash of the Terra ecosystem as the industry’s market cap has dropped from as high as $2 trillion to less than $1.3 trillion as of press time.

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Cardano’s [ADA] trading takeaway ahead of Vasil hard fork

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Cardano’s [ADA] trading takeaway ahead of Vasil hard fork

With some coins and tokens swimming in the red while others are still green, it can be hard to find your bearings and know when the tide might turn next. To that end, here are what the signs had to say about Cardano [ADA].

And the cards say…

At press time, ADA was trading at $0.5219 after slipping by 3.60% in the past day and falling by 8.82% in the past week. For more context, CoinShares’ latest Digital Asset Fund Flows weekly report noted that during a week marked by outflows, Cardano was one of those assets defying the trend. 

The report stated,

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“Minor inflows were seen across a broad selection of altcoins, most notable were Cardano and Polkadot with inflows totalling US$1m each.”

However, there’s more to an asset’s performance than just its price and flows. Data from Santiment showed that Cardano’s development activity has been down since the beginning of May. Though there was some recovery from the middle of the month, the metric is still a long way down from the highs seen in late 2021. 

Source: Santiment

On the other hand, Cardano’s price indicators painted a more encouraging picture. The Bollinger Bands showed narrowing bands, signaling that volatility could be reducing. Furthermore, the Relative Volatility Index [RVI] recorded a value above 50, hinting that future volatility could take ADA’s price upwards. 

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Source: TradingView

In short, this could bode well for bulls, even if ADA’s price was falling at press time. That being said, remember that the overall sentiment is bearish, as CoinShares’ report noted,

“Digital asset investment products saw outflows totalling US$141m last week. The ongoing volatility has led to fickle investors with some seeing this as an opportunity while the aggregate sentiment is predominantly bearish.”

Finally, June could bring a very different assessment of ADA’s movements. With the Cardano community excitedly awaiting the Vasil hard fork that is currently scheduled for June 2022, some key metrics such as price, weighted sentiment, and development activity could see drastic changes – either upwards or downwards.

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If the shipping of Alonzo in 2021 is any indication, media coverage of Cardano upgrades also has the potential to affect how investors feel about ADA.

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Sahana is a full-time journalist at AMBCrypto. She has a Masters in Journalism and her areas of study include crypto-regulation, digital society, privacy, and intersectionality. Ask her about film photography and philately.

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