• Algorand (ALGO), a blockchain-based cryptocurrency protocol, has increased by 11.51% in 24-hour trading following its partnership with India.
• The partnership agreement will focus on growing the Web3 developer community, supporting and investing in the Web3 startup environment and forming strategic alliances with well-established businesses.
• Algorand has also released a developer tool suite called AlgoKit and announced collaborations with the state of Maharashtra, SEWA, Jawaharlal Nehru Technological University and T-Hub.
Algorand (ALGO) Price Surge
Algorand (ALGO), the blockchain-based cryptocurrency protocol that uses proof-of-stake technology, is up more than 11% in 24-hour trading following the headlines of its partnership in India.
Focus of Partnership Agreement
The partnership agreement which it believes will help India’s growing economy as it transitions from Web2 to Web3 will focus on three main areas – growing the Web3 developer community, supporting and investing in the Web3 startup environment and forming strategic alliances with well-established businesses like government agencies, non-profits and academic institutions.
AlgoKit Developer Tool Suite
In order to create Web3 apps using the protocol, the Algorand Foundation has also released a developer tool suite called AlgoKit.
Collaborations With Indian Entities
Algorand has recently disclosed partnerships with the state of Maharashtra to develop 100 million non-fungible tokens (NFT) to store personal health data, with Self Employed Women’s Association (SEWA) to support women led businesses developing blockchain solutions and with Jawaharlal Nehru Technological University and Indian School of Business to launch faculty development programs. It has also collaborated with T-Hub which is one of top innovation centre in India having 600 corporate partners including Microsoft, Intel AWS etc.,
With its various partnerships across different sectors in India, Algorand is all set to capture Indian crypto market.
• The Arbitrum Foundation recently launched a native token called ARB.
• Eligible users can claim the ARB token through two different methods.
• Experts predict that the token’s value will reach $5 in 24 hours.
Arbitrum (ARB) Airdrop Claim is Live
The Arbitrum Foundation has announced the launch of its native token ARB on March 16th and it has caught the attention of the crypto market since then. Along with this, The Arbitrum Foundation also announced the launch of DAO governance for both Arbitrum One and Arbitrum Nova networks, alongside with $ARB tokens. Tokenamics behind this governance token majorly contribute to the community with nearly 56% share, 12.75% of which was airdropped to users based on snapshots taken on February 6th.
Eligible Users Can Claim ARB Tokens
Eligible users can claim their ARB tokens via two different methods: either through website or smart contracts. Though primarily used for voting power and governance, experts believe that its future scope is massive and its value might reach $5 in 24 hours.
Tokenamics Behind Governance Token
Tokenamics behind this governance token majorly contribute to the community, with nearly 56% share going towards funding various initiatives such as development activities, marketing campaigns and other operational activities which would further benefit the platform itself as well as its users. 12.75% of these tokens were airdropped to eligible users based on snapshots taken on February 6th before it even became live in circulation.
High Demand for ARB Tokens
The demand for these tokens was already high even before they could become live due to their potential growth prospects in near future and hence exchanges have started listing them soon after launch so that more people can access them easily from all around the world without any hindrance or barrier of accessability..
The primary utility of ARB is governance but experts believe that its future scope is enormous due to its potential growth prospects in near future and are predicting that its value might reach up to $5 in 24 hours after launch which proves how much potential these tokens actually possess despite being relatively new player in crypto market right now compared to some established ones out there already since long time ago
• Ethereum (ETH) is the native cryptocurrency of Ethereum, an open-source blockchain platform that has revolutionized the blockchain and DeFi sector.
• The current market status of Ethereum (ETH) shows its 24-hour trading volume to be $33,752,880,169 with a change of 0.8% down in its price.
• According to our analysis of ETH price prediction 2023, it may reach $2500 soon.
What is Ethereum (ETH)?
Ethereum (ETH), known as Ether, is the native cryptocurrency of Ethereum. Ethereum is an open-source blockchain platform that revolutionized the blockchain and DeFi sector by the introduction of smart contracts. This second-generation blockchain was launched in 2015. Its native crypto coin, ether (ETH) was launched through an initial coin offering (ICO) in August 2014. The entire Ethereum network is fueled by Ether (ETH). The blueprint of the Ethereum network was first released in its whitepaper in 2013 by Ethereum Co-founder Vitalik Buterin. Since its launch, the blockchain-based software platform functions as a potential launchpad for several other crypto tokens, DeFi protocols, and numerous decentralized applications (dApps). Thus, Ethereum is regarded as the “world computer.” The smart contracts are coded programs that execute autonomously with pre-defined conditions on Ethereum. These smart contracts are deployed and executed via the Ethereum Vending Machine (EVM).
Ethereum’s Transition to Proof-of-Stake
Ethereum will transition to the Proof-of-Stake (PoS) consensus through The Merge upgrade. Initially, the Ethereum network was built on the high energy-intensive proof-of-work (PoW) since its launch. From 2020 onward, developers have begun preparing for this PoW to PoS transition; The Merge upgrade is set for September 15th 2021. After this transition occurs Ether will become deflationary instead of inflationary as before – meaning there will be fewer coins available over time than previously anticipated due to burning transactions fees from validators staking ETH tokens within their wallets instead of miners using electricity to validate blocks like before .
Current Market Status
The Current Market Status shows us that 24 – Hour Trading Volume for ETH stands at $33752 880 169 with a 24 – Hour Price Change 0f 0.8% down Circulating Supply 120 455 399 All – Time High being $4878 26 on November 10 2021 according to CoinGecko data sources .
Ethereum(ETH) Price Prediction 2023
We use statistics patterns RSI RVOL and other information about ETH analyze it’s future movement via a daily time frame which indicates a broadening wedge pattern which could potentially take prices up towards 2500 USDT sometime during 2023 .
In conclusion , we can see that ETH has been growing steadily throughout 2021 despite some notable dips which could signal bullish activity ahead if not cut short by another bearish downturn . Additionally , with major upgrades coming up such as ‘The Merge’ happening later this year , it’s likely that prices could surge even higher beyond our predictions given above so investors should keep watchful eye out !
• Compound (COMP) is an ERC-20 asset used for community governance of the Compound protocol.
• The bullish price prediction for 2023 is $60.92 to $123.76, while the bearish prediction is $27.71.
• Analyzing the current market status, support and resistance levels, COMP might reach either its resistance or support level soon.
What is Compound (COMP)?
Compound (COMP) is an ERC-20 asset that allows for community governance of the Compound protocol. COMP token holders and their participants debate, propose, and vote on all protocol changes. It aims to encourage a distributed network of computers to run a traditional money market without needing a financial intermediary such as a bank.
Compound Current Market Status
Currently, Compound holds the 112nd position on CoinGecko right now with a 24-hour trading volume of $49,567,437 and 1.3% down in 24-hour price change. The circulating supply of COMP is 6,856,085 with an all-time high of $910.54 (On May 12 2021).
Compound (COMP) Price Prediction 2023
In Compounds’ price prediction 2023, we use statistics, price patterns and RSI/RVOL analysis to predict future movements of the cryptocurrency. Analyzing from horizontal channel pattern in daily time frame chart it can be seen that COMP will either reach its resistance level at $60.92 or support level at $27.71 in 2023 depending on trend reversal or continuation respectively .
Compound (COMP) Support & Resistance Level
From analyzing daily time frame chart it can be seen that currently COMP has following support and resistance levels: Resistance Level 1$70.39; Resistance Level 2$116.56; Support Level 1$43
• Pleasure Network is a blockchain-based ecosystem dedicated to empowering creators in the adult industry.
• It has had tremendous initial success and launched a “12 Days of Pleasure Campaign” to commemorate this success.
• It recently acquired VICEWRLD, a major name in the industry, allowing it to further its market footprint and reach new users worldwide.
Pleasure Network: A Blockchain-Based Ecosystem
Pleasure Network is a blockchain-based ecosystem dedicated to empowering creators in the adult industry. The full-fledged ecosystem consists of several domains and a native token, Pleasure Coin ($NSFW), to enhance, strengthen, and simplify the user experience. It will be achieved by employing innovative, advanced, and cutting-edge tools to disrupt the market and deliver an unmatched experience.
Initial Success & 12 Days Of Pleasure Campaign
The Pleasure Network has had tremendous initial success. To commemorate this success, Pleasure Network launched a “12 Days of Pleasure Campaign”, that started 14 February 2023 and ran until 25 February 2023. During the campaign, the project hosted NFT giveaways, promoted the native token, launched features, and offered huge discounts on unique items. It was across all brands; Pleasurely, PleasureCoin & PleasureLand with combined value of giveaways reaching over $20k respectively.
Acquisition Of VICEWRLD
Pleasure Network recently acquired VICEWRLD –a major name in the industry– allowing it to further its market footprint and reach new users worldwide. The recent acquisition and ongoing team expansion will pave the way for it becomeing a powerhouse of the adult industry which not just aid performers but their fans as well by providing them with better experiences through online interactions featuring secure payment systems etc.,
Implications For Adult Industry
The introduction of Web 2.0 solutions didn’t bear much fruit for adult industry as traditional methods were still being relied upon which could result into devastating long term implications like putting millions employed globally at risk while exposing them to unsafe working conditions or poor wages etc.,
Pleasures Networks’ commitment towards tech advancement has seen it flourish even during bearish runs resulting into successful launches & events along with acquisitions & expansions which have made it possible for projects like these to provide safe & healthy environment for performers as well as their fans while promoting meaningful interaction between both parties through its advanced tools & technologies .