Crypto analyst Benjamin Cowen thinks that the blockchain oracle Chainlink (LINK) is undervalued.
Cowen tells his 582,000 YouTube subscribers that the decentralized network’s native token, LINK, has been one of his top holdings for a long time. He predicts LINK will continue to trend up with time, though he notes it hasn’t been surging as well as other altcoins he follows.
Cowen says that’s because Chainlink follows a unique path compared to other crypto assets.
“Over time, LINK gains value. It almost seems to move different than the rest of the crypto asset class. I mean, how many assets were moving up during the bear market? Not very many.
How many assets put in a new all-time high [ATH] in 2019 above their 2017/2018 all-time highs? Not very many, not even Bitcoin [BTC] or Ethereum [ETH]. LINK also had a summer bubble back in August of 2020, and then it made a nice move into May of 2021.”
LINK is trading at $32.78 at time of writing, up 33.5% in the past month, according to CoinGecko. The 13th-ranked asset by market cap hit its all-time high of $52.70 in May.
Cowen says Chainlink is attempting to hold its bull market support band, which is a combination of LINK’s 20-week simple moving average (SMA) and 21-week exponential moving average (EMA).
The analyst says,
“If it holds, which I think there’s a decent chance [of], then maybe we’ll see a rally to new all-time highs.”
Cowen also notes that LINK/USD longs have surged recently.
“You might look at that and say, ‘Well, is that a bearish thing?’ The best thing I think to do is look
October 27, 2021 – Hong Kong, Hong Kong
OpenSwap has set a date for the launch of its new ‘spot price queue’ feature, which will be available from the week of October 25, 2021.
OpenSwap’s spot price queue feature is going to be a game-changer for on-chain swaps, guaranteeing zero slippage and spot market price execution for crypto traders, in contrast to the standard AMM architecture where traders have nearly zero guarantees of what the final price of their trade will be.
Spot price queue is another of the numerous products offered by OpenSwap, and it has been created for token pairs that already have liquid off-chain spot markets. Spot price queue uses secure oracles through its secure adaptor protocolan oracle controller module that protects against sudden price hikes, manipulation and front-running.
There will be two varieties of spot price queues one is designed for traders who need to exit their position quickly, while the other is meant for low time-preference traders.
The former, spot priority queue, executes single-price transactions ordered by the trader’s desired priority, which is expressed by staking OSWAP. The higher the amount, the more tokens will be sold at optimal execution parametersno slippage given available liquidity from the other side of the queue.
With the second type, spot range queue, liquidity providers can set price brackets to make their liquidity available for sale. This is designed for low-priority trades common to high timeframe traders, who are more interested in being generally right rather than catching the precise bottom or top.
OpenSwap is also planning to release other liquidity queue types in the next few weeks.
October 27, 2021 – San Francisco, California
Portal, a self-hosted wallet and true cross-chain layer two DEX built on Bitcoin, is delighted to announce its public equity sale through Republic.co, a multi-asset investment platform that allows anyone to invest in vetted private startups. The public sale will take place mid-November.
Portal is extending the capabilities of Bitcoin to lay a more robust foundation for self-sovereign finance.
The team truly believes that the participants make the project and want to ensure that those who support the delivery of a truly decentralized financial networkincluding collaborators, users and Republic investors alike enjoy the growth of the company as much as the founders do.
According to Republic, their vetting process only approves three percent of startups to fundraise on the platform. The upcoming equity offering will allow the general public to invest in an ambitious project building DeFi on top of the Bitcoin blockchain.
Eric Martindale, CEO of Portal, said,
“I’m tired of watching unsophisticated users be swindled into losing their money on insecure systems masquerading as decentralized wünderkind. By leveraging Bitcoin’s smart contract capabilities, Portal can deliver on the promise of truly decentralized finance. The world is about to recognize the power of self-sovereign money in a very big wayso we’ll be seeing unprecedented volumes of capital moving into Bitcoin. We seek to give all digital assets a market in which they can fairly trade in a trust-minimized way and backed by Bitcoin’s security and price discovery.”
Last month, Portal announced an $8.5 million round from prominent private investors including Coinbase Ventures, ArringtonXRP Capital, OKEx, Republic.co, Shima Ventures, LD Capital, NGC
Polygon, an Ethereum scaling platform onboarding millions to Web3, announced last week that Unstoppable Domains, the world’s leading non-fungible token (NFT) domain naming service, is the latest to join the Polygon ecosystem.
By moving to Polygon, Unstoppable Domains users will be able to buy NFT domain names without having to pay claim fees, renewal fees, or gas fees.
With almost 1.5 million NFT domains registered, Unstoppable Domains is the most popular NFT domain naming service on web3, offering 10 NFT domain endings, including .crypto, .wallet, .nft, and .x. The .crypto domain remains the fastest growing and most popular domain with over 750,000 registrations.
Domains come to the Polygon network
These domains can be used to simplify crypto payments by replacing complicated wallet addresses with usernames – for example, brad.crypto or jennifer.wallet.
They also allow users to host decentralized websites and NFT galleries that can be uploaded to the InterPlanetary File System (IPFS), a peer-to-peer distributed file storing and sharing system.
In addition, their newly launched login product will allow domain names to be used as a decentralized login. This will make domain names and data portable across all apps, both traditional on web2 and decentralized on web3.
“One of our goals is to get a domain name in every wallet…on L1 [capacity is] sub million people. That’s just not enough if we want everyone on the planet to have [a digital identity] using a NFT domain. So @0xPolygon was our next step”
— Unstoppable Domains | We’re Hiring! (@unstoppableweb) October 22, 2021
Unlike other name services, Unstoppable doesn’t require renewal fees for the domains, as the user gets to
A bunch of blockchain-based games are now using NFTs to power the in-game economy and change the way that we play games.
To find out more about Play2Earn games and how NFTs are taking gaming to the next level, the NFT experts from BuyNFT.com are going to share the industry secrets!
What are Play2Earn Games?
The concept of Play2Earn games has been around for a while now, but NFTs and blockchain have taken it to a new level. What we mean by this is that you’ve always been able to buy and earn in-game currency, but that’s all it was. Whether you earned FIFA coins, FarCry credits or Minecraft coins, you could buy these or earn them by completing achievements, but that’s all they could do.
Games are now starting to change this money system and replace it with actual currency and items that you can sell. We saw this with the likes of Diablo 2 where you could sell in-game items to other players. But you still couldn’t take the money out of the game.
By using NFTs as the in-game items and currency, gamers are now able to farm items and characters in games and then sell them on marketplaces. They can then take that cryptocurrency and withdraw it to their own wallets. Play2Earn games allow you, as a player, to earn a living by simply playing the game.
Whether this is by breeding horses, farming resources or playing simulators, you can earn money with blockchain Play2Earn games, and it’s taking over the world.
What are the Most Popular Play2Earn Games?
There are dozens of Play2Earn games out there at the moment,