It’s no secret that cryptocurrencies are on the rise. In fact, one could argue that they’re in the midst of a full-blown bull market. While some coins may be overvalued, there are still a number of cryptos with incredible potential for growth.
In this blog post, we’ll take a look at two coins that could explode in value in 2023: Mehracki (MKI) and Shiba Inu (SHIB). Read on to learn more about each coin and why they could be worth investing in.
Mehracki (MKI): A Meme Coin with a Purpose
Mehracki (MKI) comes with features that will make a difference in the meme coin arena. Established as a gamified ecosystem with various milestones, the platform will offer users a unique experience.
Unlike Dogecoin, Shiba Inu, and Floki Inu, the leading meme-themed tokens that shape the adventure of cryptocurrencies from the past to the present, the project stands out with its support for user education. Mehracki (MKI) is much more comprehensive than the meme coins released to date. The ecosystem will host a local exchange, NFT marketplace, education unit, and games. As there’s no external dependency, Mehracki (MKI) is completely independent.
The education unit is considered one of the most exciting and therefore promoted sections, as the creators place much of their emphasis on the conscious act of the user experience. In this respect, all users who own MKI tokens are subject to serious training and are prevented from engaging in misbehavior.
In addition, the administrators of the platform are holding preliminary talks for the MKI token to be traded on cryptocurrency exchanges. MKI, which is expected to be listed on DEX and CEX platforms in the last quarter of 2022, will also be made available to investors globally. The project team will give all users holding MKI tokens a say in ecosystem management. Token holders will be able to vote on many of the ideas for the development of Mehracki (MKI). Thus, the development of the project will be accelerated with different perspectives.
Solana (SOL): The Network That Powers Mehracki (MKI)
Solana (SOL) is in close competition with Ethereum (ETH) in particular. The main objective of Solana, which has sought to replace Ethereum since the day it was launched, is to offer a quick and dependable transfer solution. Solana (SOL) is recognized as one of the few blockchain technologies in decentralized finance, thanks to its innovations in the DeFi field.
Solana (SOL) has a market capacity of approximately 18.6 billion dollars. Solana carries an average daily trading volume of 3.2 billion dollars. In particular, Solana, which has taken a much stronger stance against the contractions in the crypto money markets recently, has started to attract more and more attention every day thanks to the trust it gives to new investors.
Solana (SOL) also needs to be followed closely, as the increase in Solana’s power will cause Mehracki (MKI) to grow stronger and stronger. Solana has been a major player for a while and appears to be taking the likes of Mehracki under its wing. Keep both eyes on the progress of Solana as it seems destined to rise up the rankings.
Shiba Inu (SHIB): One of the Most Popular Meme Coins of Recent Times
Shiba Inu (SHIB) is a popular cryptocurrency that has been making waves in the digital currency world. Unlike many other cryptocurrencies that are designed with a specific purpose in mind, SHIB is a meme coin. This means that Shiba Inu’s only purpose is to be a fun and quirky addition to the world of cryptocurrency. Despite its lack of utility, Shiba Inu (SHIB) has quickly become one of the most popular meme coins of recent times. As of writing, Shiba Inu has a market value of over 6.3 billion dollars. This is an impressive feat for a coin that was only created as a meme coin.
Now a little housekeeping, It is important to do your own research before investing in any cryptocurrency. It’s a good idea to check online for information before making a decision.
Confirm for yourself the popularity and potential gains from Mehracki (MKI), Shiba Inu (SHIB), and Solana (SOL). At the very least, be sure to keep an eye on these two cryptocurrencies as they continue to grow in popularity.
Check out this article if you want to know more about Mehracki (MKI) and its irrepressible rise to the top:
Reddit Crypto To Buy In 2022— Mehracki Token (MKI), Shiba Inu (SHIB), And Ripple (XRP)
Join Presale: presale.mehracki.io/register
The post Mehracki (MKI), Shiba Inu (SHIB), and Solana (SOL) Among Coins Set To Explode Further in 2023 appeared first on .
German Crypto Exchange Nuri Files For Insolvency
Cryptocurrency exchange Nuri has filed for insolvency, reportedly becoming Germany’s first fintech to take the step in a challenging year for startups in the industry. Customer access to the platform’s services and their funds will not be affected, the company assured.
Crypto Exchange Cites ‘Lasting Strain on Liquidity’ as Reason for Insolvency Filing
Berlin-based crypto exchange Nuri, formerly Bitwala, has filed for bankruptcy with a court in the German capital. The company made the move on Tuesday, Aug. 9, after unsuccessful attempts to secure a new financing round, the business newspaper Handelsblatt reported, noting that Nuri is the first German fintech to file for insolvency due to the latest crypto market slump.
In a statement, the exchange remarked that 2022 has been a challenging year for startups, especially those working with financial technologies, due to the effects of the Covid-19 pandemic, political uncertainties and most recently, Russia’s military invasion of Ukraine.
In addition, negative developments in the crypto space, including major sell-offs, the implosion of the Terra/Luna protocol, and the insolvency of Celsius and other crypto funds have led to a bear market, Nuri said, explaining:
We proceeded with the filling in due time to stay ahead of a lasting strain on the liquidity of our business.
Nuri Clients to Deposit and Withdraw Without Restrictions
The coin trading platform insisted that the filing will not affect its products and services, clients’ funds or investments. Customers will continue to have unimpeded access to their accounts and be able to deposit or withdraw all funds at any time, thanks to a partnership with Solarisbank. This applies to both cryptocurrency holdings and euro deposits.
The crypto exchange also emphasized it remains confident that the temporary insolvency proceedings offer a basis for developing and implementing a long-term restructuring plan. Nuri launched in 2015 and for a few years, until the rebranding in 2021, operated under the name Bitwala.
“This step became necessary to ensure the safest path forward for all our customers,” the company reiterated, and promised its team will do everything possible to ensure that its products and services continue to serve present and future customers.
Tags in this story
Bankruptcy, Bitwala, Crypto, crypto exchange, crypto market, Cryptocurrencies, Cryptocurrency, downturn, Exchange, filing, german, Germany, Insolvency, market, Nuri, Slump, trading platform
Do you expect other German crypto companies to file for insolvency? Let us know in the comments section below.
Lubomir Tassev is a journalist from tech-savvy Eastern Europe who likes Hitchens’s quote: “Being a writer is what I am, rather than what I do.” Besides crypto, blockchain and fintech, international politics and economics are two other sources of inspiration.
Image Credits: Shutterstock, Pixabay, Wiki Commons, P365
Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is 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 this article.
How To Make Money From Ethereum Name Service?
Learn how you can use ENS to become rich
We all love to reap the benefits of advanced technologies, but anyone hardly ever wants to deal with the technical complexities that come with them. To search for websites and URLs, just as DNS was created to make the numbered address easier for human access, similarly, ENS is a protocol that links machine-generated codes to human-friendly names.
A crypto wallet user still can’t send or receive digital assets by simply typing in another user’s name. This practice might change though thanks to the rise of Ethereum Name Service (ENS), a blockchain-powered service that recently registered its one millionth domain name. Currently, there are more than one million active ENS domains, and thousands of new domains are being registered through the platform daily. ENS domains that consist of four digits or fewer are the most popular, likely due to their rarity. Only 10,000 of these exist, and they sold out within six hours of their release. Some have recently sold on secondary for amounts up to 90 ETH (about $255,000).
The system has been going for a few years and was even funded by Ethereum itself. But while the Ethereum Name Service is based on the Ethereum blockchain, it doesn’t only use Ether. You can send and receive pretty much any kind of cryptocurrency with the system’s wallets, although the service’s annual fees are payable in Ether. The system’s own token, ENS, is only used for governance purposes at present. It is only recently, though, that ENS has been available on the open market, which makes an Ethereum Name Service price prediction tricky, because there is fewer data to go on, meaning less of a percentage time frame to transfer forward.
According to the ENS technical documentation, the naming system was developed to “map human-readable names like alice.eth to machine-readable identifiers such as Ethereum addresses, other cryptocurrency addresses, content hashes, and metadata”.
Even though past performance is never any indication of future results, especially when there is relatively little to go on, if we are trying to estimate the coin’s future worth then the Ethereum Name Service price history is still worth looking at to see how ENS has responded to various market activities over the past few months. The Ethereum Name Service coin has been trading openly since the end of 2021. When it came out on 9 November that year it was worth $33.66 and, even though it fell to an intraday low of $22.92, it rebounded to close the day at $43.66.
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Degrain (DGRN) Continues To Thrive In Bear Market, Outshines Litecoin(LTC) And Polkadot(DOT)
In this article, we examine why the coin on the block, Degrain, has been thriving while Litecoin and Polkadot have been struggling.
The bear market has been quite rough this year, and many tokens have not been spared from the onslaught. Some have crashed like Luna, and others that remain afloat have fallen more than 50% from their previous all-time highs.
Among those tokens that have taken a hit are Litecoin (LTC) and Polkadot (DOT), two currencies that have had a good run since their launch. In this article, we examine why the newest coin on the block, Degrain (DGRN), has been thriving while Litecoin (LTC) and Polkadot (DOT) have been struggling.
Litecoin (LTC): Investors are still waiting for a proper signal
Litecoin (LTC) is currently down more than 85% from its all-time high of $412.96 a year ago, but investors have hopes that there will be a pump soon. Litecoin (LTC) was created to provide fast, secure, and low-cost payments.
In recent weeks, the volume of the Litecoin (LTC) token has increased, and it has also caused an increase in volatility. It has made those waiting on it extra bullish, but experts say Litecoin (LTC) is too soon to tell whether it is rallying for a pump or quick fall and have urged traders to wait patiently for a proper indication.
Polkadot (DOT): May be a good term long-term investment
Polkadot (DOT) is an open-source, sharded multichain protocol that connects and secures a network of specialized blockchains, enabling the cross-chain transfer of any data or assets, including tokens.
This important feature allows blockchains to be interoperable with each other, which is why many refer to Polkadot (DOT) as a decentralized internet of blockchains i.e. web3. Many experts believe Polkadot (DOT) can make a good long-term investment because of the knowledgeable team backing it.
They have predicted Polkadot (DOT) to rise to $14 this year and have claimed there could even be a further increase in 2023, but will the bear market allow this?
Degrain (DGRN): The popular new kid on the block
Degrain (DGRN) is the native currency for Degrain’s upcoming cross-chain NFT marketplace. It aims to work with real-world companies and distribute platform revenue to investors and token stakers – something that analysts have praised. It is currently in Phase Two of its presale and is certainly a worthy investment in our eyes.
Degrain (DGRN) has already passed its audit and with liquidity being locked for 10 years, it has ambitious plans to become a dominating protocol within the cryptocurrency industry.
The token is currently trading for $0.085, however, we strongly believe that it could see a rise to $0.55 (~7,000%) by the end of 2022 or early 2023, once the presale ends.
The post Degrain (DGRN) Continues To Thrive in Bear Market, Outshines Litecoin(LTC) and Polkadot(DOT) appeared first on .
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How To Make Money From Ethereum Name Service?
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