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Looking For The Next Big Coin? Moshnake, Cardano, And Tezos Could Interest You

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Looking For The Next Big Coin? Moshnake, Cardano, And Tezos Could Interest You

The introduction of Bitcoin (BTC) has been followed by the launch of numerous other cryptocurrencies. Other projects that support smart contracts, decentralized applications (dApps), and decentralized finance (DeFi) have also joined the party and grown in popularity.

Moshnake (MSH), Cardano (ADA), and Tezos (XTZ) are three cryptocurrencies that have caught the attention of investors due to their potential.

This article will focus on the above cryptocurrencies and explore what benefits they promise to deliver to the coin market.

Cardano

Cardano (ADA) is a blockchain-based research project that seeks to encourage efficient and scalable dApps. The ADA token is Cardano’s native token for decentralized, secure, and low-fee transactions.

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Holders of the token can receive rewards for handing in their digital assets to protect the network. They can also contribute to a stake pool to increase the pool’s odds of earning rewards.

Furthermore, Ouroboros, its unique proof-of-stake (PoS) consensus mechanism, is energy-efficient and supports faster transaction speeds.

Cardano (ADA) claims to be a more scalable, secure, and profitable alternative to Ethereum and other decentralized platforms.

It also employs a fully decentralized governance model. As a result, every token holder has a stake in the network and can vote on initiatives for the growth of the blockchain and ecosystem.

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Tezos

Tezos (XTZ), like Bitcoin (BTC) and Ethereum (ETH), is a blockchain-based decentralized ledger. Johann Gevers, a Swiss entrepreneur, launched it in 2017. Like Ethereum (ETH), Tezos (XTZ) is designed to be used in conjunction with smart contracts.

According to several sources, “Tezos” is either an ancient Greek term for “smart contract” or a name Arthur Breitman discovered while searching for English-pronounceable unclaimed internet names using an algorithm.

Tezos (XTZ) encourages user participation in the fundamental development process. This democratizes the development process by decentralizing maintenance.

The Tezos (XTZ) blockchain is notable for its low energy consumption and carbon footprint. It uses a PoS consensus algorithm, which consumes far less energy than computer-driven PoW on blockchains like Bitcoin.

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Tezos (XTZ) validates transactions through a process known as baking. The coin has a PoS variant known as liquid staking, which allows members to bake their XTZ for rewards rather than stake them. Tezos (XTZ) expands its network by baking new transaction blocks.

Due to its robust and adaptable network, the coin drew much attention during its initial release. On July 1, 2017, the ICO went live.

Moshnake

The Moshnake (MSH) token is a BEP-20 token designed and built on the Binance Smart Chain. It is a community-focused Play-to-Earn NFT game reviving the legendary snake gaming experience. Players can play the PVE or PVP mode to earn NFTs.

How does the game work? Some NFTs are left lying in the in-game arena, and players can earn them by maneuvering their snakes to feed on these NFTs. Players can also sell NFT items accumulated in the internal NFT marketplace.

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The NFTs in the platform include:

  • Mamba
  • Viper
  • Krait
  • Cobra

Players must have the Moshnake (MSH) NFT, Moshnake (MSH) Tokens, and Poison Tokens to start playing the game. They can also take advantage of the scholarship mechanism that will be available in the future.

There will be a public presale where 120 million Moshnake (MSH) Tokens will be circulated. The price per token during the public presale event is fixed at $0.040 for Presale #1 and $0.045 for Presale #2.

The Moshnake (MSH) game and marketplace will run on the Binance Smart Chain, and Moshnake (MSH) will accept Binance Coin (BNB) for the presale. Moshnake (MSH) will also have scheduled airdrop campaigns for Moshnake (MSH) Tokens. This is to support the players and help them earn even more.

Crypto traders go into the coin market for various reasons. However, analysts advise that this is a good time to invest in the cryptocurrency market, as several new cryptocurrencies with great potential are about to launch. One of those cryptocurrencies is Moshnake (MSH). Take advantage of the presale by clicking the links below.

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Find out more about MSH:

Website: https://moshnake.io

Telegram: https://t.me/MoshnakeOfficial

Twitter: https://twitter.com/moshnakeToken

The post Looking For the Next Big Coin? Moshnake, Cardano, and Tezos Could Interest You appeared first on Analytics Insight.

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$11.9 million

Bitcoin Mining Industry Reveals Mergers, Hashrate Increases, And New Facilities Amid Market Downturn

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Bitcoin Mining Industry Reveals Mergers, Hashrate Increases, And New Facilities Amid Market Downturn

While bitcoin is down more than 72% from the crypto asset’s all-time high, bitcoin mining operations are expanding at a rapid pace during the downturn. On Tuesday, the bitcoin miner Cleanspark said its hashrate has surpassed 4 exahash per second (EH/s), and the Texas mining company Rhodium revealed it raised $11.9 million, according to a September 19 Securities and Exchange Commission (SEC) Form D filing. Rhodium further disclosed a merger with Silversun Technologies on September 29. Two days ago, Merkle Standard held a ribbon-cutting ceremony as it opened a new mining facility in Spartanburg, South Carolina.

Rhodium Raises $11.9M, Reveals Merger With Silversun Technologies

A recently filed SEC Form D registration explains that Rhodium Enterprises, Inc. raised $11.9 million this month, according to a notice of an exempt offering of securities filing published on September 19, 2022. Ten days later, Rhodium and Silversun Technologies detailed the two companies will be merging.

The newly merged operation plans to apply for a public listing and the business combination is expected to settle by the end of the year. The Texas-based Rhodium utilizes “proprietary tech to self-mine bitcoin,” according to the firm’s website.

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Cleanspark Hashrate Exceeds 4 Exahash per Second

Following a number of announcements during the last three months, Cleanspark, Inc. (Nasdaq: CLSK) revealed on Tuesday that the company’s mining operations have surpassed 4 exahash per second (EH/s). Cleanspark details that the company is on schedule to meet the end-of-the-year goal of around 5 EH/s. Cleanspark’s CEO Zach Bradford said during the 4 EH/s milestone announcement that bitcoin mining can decarbonize the economy.

“Bitcoin mining, when done with an eye toward low-carbon energy sources, can hasten the decarbonization of our economy,” Bradford remarked. “No other industry can do this like Bitcoin. In addition to being a technology that we believe will revolutionize our monetary system, Bitcoin is also a technology capable of revolutionizing our energy systems, making them more resilient, abundant, and clean.”

Merkle Standard Opens Data Center in Spartanburg, South Carolina

On Tuesday, Merkle Standard held a data center ribbon-cutting ceremony with residents of Spartanburg county, South Carolina state treasurer Curtis Loftis, BV Power, and congressman William Timmons (R-SC). “This is the future, so digital assets are going to be a part of our lives going forward and it’s great that we’re on the leading edge,” Timmons said during the ceremony.

According to the local news reports, Merkle Standard’s new facility is a $35 million investment in the Spartanburg county region. Timmons further noted on Tuesday that Merkle Standard’s new data center has provided the county with roughly two dozen jobs and he added that the number is expected to grow.

Tags in this story

$11.9 million, 4 EH/s, 5 EH/s, Bitcoin Miners, Bitcoin mining, BTC miners, BTC Mining, BV Power, Cleanspark, Curtis Loftis, data center, Merger, Merkle Standard, mining bitcoin, Mining BTC, mining facilities, mining rigs, Rhodium, Rhodium and Silversun Technologies, Silversun Technologies, south carolina, Spartanburg County, Texas, William Timmons, Zach Bradford

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What do you think about the bitcoin mining operation expansions during the last week amid the crypto winter’s downturn? Let us know what you think about this subject in the comments section below.

Jamie Redman

Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.

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Image Credits: Shutterstock, Pixabay, Wiki Commons

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.

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Analysis

Biggest Movers: SOL Moves Towards $35.00, XMR Extends Recent Gains

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Biggest Movers: SOL Moves Towards $35.00, XMR Extends Recent Gains

Solana rose for a second straight day on Thursday, as the token moved closer to its long-term resistance point of $35.00. Monero was also in the green during today’s session, extending recent gains in the process. Overall, markets attempted to rebound, following a red wave which swept through markets to start the week.

Solana (SOL)

Solana (SOL) was mostly higher during Thursday’s session, as the token moved towards a key resistance level.

Following a low of $32.79 on Wednesday, SOL/USD rose to an intraday high of $33.92 earlier in the day.

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The move saw solana move closer to its ceiling of $35.00, which has mostly held firm for the past fortnight.

SOL/USD – Daily Chart

As can be seen from the chart, today’s climb led to the 10-day (red) moving average nearing a crossover with its 25-day (blue) counterpart.

Despite the prospect of this occurring, prices may remain lower up until the 14-day relative strength index (RSI) breakout out of an upcoming ceiling of its own.

The index, which is currently tracking at 49.22 is nearing a resistance mark of 51.00, which will likely be a major hurdle in preventing SOL from further gains.

Monero (XMR)

Another notable mover in today’s session was monero (XMR), which also moved higher for a second consecutive day.

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Despite current market volatility, XMR/USD was able to rise on Thursday, hitting a peak of $148.98 in the process.

As a result of today’s surge, the token remains close to Monday’s top of $152.84, which was a two-week high.

XMR/USD – Daily Chart

This point was also close to a resistance of $153.00, and it appears as if bulls opted to secure gains as opposed to pushing for a breakout.

Chances are, monero bulls are now aiming to not only recapture, but rally beyond this ceiling in the coming days.

However, like solana, XMR will need to move beyond a ceiling of 51.55 on its RSI, if it is to extend today’s run.

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Could monero hit a fresh multi-week high in the coming days? Let us know your thoughts in the comments.

Eliman Dambell

Eliman brings an eclectic point of view to market analysis, he was previously a brokerage director and retail trading educator. Currently, he acts as a commentator across various asset classes, including Crypto, Stocks and FX.

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Image Credits: Shutterstock, Pixabay, Wiki Commons

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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.

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Analysis

Bitcoin, Ethereum Technical Analysis: Market Volatility Remains High, As BTC Climbs Above $19,000

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Bitcoin, Ethereum Technical Analysis: Market Volatility Remains High, As BTC Climbs Above $19,000

Volatility in cryptocurrency markets remained high on Thursday, as markets began to consolidate following a recent red wave. Bitcoin was back above $19,000 in today’s session, with ethereum also rebounding following recent losses. As of writing, the global crypto market cap is up 2.43%

Bitcoin

Bitcoin (BTC) was trading higher on Thursday, as crypto markets marginally rebounded following yesterday’s sell-off.

The token rose to an intraday high of $19,688.34 earlier in today’s session, less than a day after trading at a low of $18,927.12.

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Volatility in bitcoin has been heightened in recent weeks, as markets reacted to rising inflation, as well as a stronger U.S. Dollar.

BTC/USD – Daily Chart

Looking at the chart, it appears that bulls are once again targeting a resistance point of $20,300, however they could face some obstacles in recapturing this point.

The obstacles will likely come in the form of the 14-day relative strength index (RSI), which is nearing a resistance of its own at 49.50

Currently, the index is tracking at 46.38, with BTC falling from earlier gains, and as of writing trading at $19,440.82.

Ethereum

Like bitcoin, ethereum (ETH) was, relatively speaking, also back in the green in today’s session, as it moved above $1,300.

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Wednesday saw ETH/USD slip to a bottom of $1,267.87, however this was short lived, with bulls taking the token to a high of $1,351.96 earlier today.

The move sees the world’s second largest cryptocurrency race past a resistance of $1,330, however volatility in the market still remains.

ETH/USD – Daily Chart

Since hitting earlier highs, ETH is now trading at $1,334.94, with traders attempting to keep the token from falling below the floor mentioned above.

This coincides with the RSI hitting a ceiling at the 41.00 level, which has led to an increase of price uncertainty.

If price strength moves beyond this level, then we could see ethereum continue to climb heading into the weekend.

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Do you expect further declines from ethereum in the coming days? Leave your thoughts in the comments below.

Eliman Dambell

Eliman brings an eclectic point of view to market analysis, he was previously a brokerage director and retail trading educator. Currently, he acts as a commentator across various asset classes, including Crypto, Stocks and FX.

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Image Credits: Shutterstock, Pixabay, Wiki Commons

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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.

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