Mayowa Adenle
I am a crypto analyst. I am responsible for analyzing and predicting trends, pricing, demand, and trading volumes of any number of cryptocurrencies currently available.
Articles by Mayowa Adenle
2 years ago
1 min read
Santiment, a crypto analytics outfit, on-chain signals for Cardano revealed that ADA is currently trading at a considerable discount. Santiment examines Cardano‘s MVRV Z-Score, which compares an asset’s total market capitalization to its total realized market capitalization. Historically, a low Z-Score indicates that an asset is undervalued. According to Santiment, ADA’s MVRV Z-Score is at its lowest point since January 2019. According to the analytics group, the global cryptocurrency market is displaying symptoms of capitulation, with many traders closing out positions at a loss. According to Santiment, the concession could spark a market resurgence. While many crypto currencies are showing
2 years ago
1 min read
An NFT investor raised various concerns about OpenRarity, the new rarity ranking protocol used by NFT marketplace OpenSea, in a tweet. According to the community member, including “rank” in the NFT listing but not including “rarity” anywhere could be deceptive. Using the Moonbirds NFT collection as an example, the community member contended that by enabling the OpenRarity ranking protocol, the collection destroyed its own market-driven rarity structure, rendering every single NFT a “floor Moonbird.” The NFT collector also requested that Kevin Rose, the CEO of Proof, the makers of Moonbird, turn down the collection’s OpenRarity rating function. The NFT marketplace
2 years ago
1 min read
The designers of the play-and-earn NFT game Alien Worlds today announced the debut of in-game DAOs—or decentralized autonomous organizations—under a new Planetary Syndicates concept, in the hopes of amplifying competition across many communities. Alien Worlds is an NFT-powered game in which participants gather and exchange one-of-a-kind digital objects created primarily on the WAX blockchain. Furthermore, players battle to gain Trilium (TLM), Alien Worlds’ in-game token required to manage one of the six rival DAOs. Alien Worlds’ token is also available on Ethereum, as well as its token and some NFTs on BNB Chain. A DAO is an online community united
2 years ago
1 min read
The FTX crypto exchange’s native token, FTT, has taken a hammering in the last 24 hours as new information about its Voyager acquisition plans has emerged. Bloomberg reported on October 20 that a tentative agreement between FTX.US and the troubled crypto lender Voyager Digital could result in the majority of assets being repaid. The arrangement, which was approved by U.S. Bankruptcy Judge Michael Wiles on Oct. 19, cannot be finalized until Voyager’s bankruptcy payout plan is approved. According to the article, if the deal goes through, Voyager clients might recover up to 72% of the value of their accounts. In
2 years ago
1 min read
Sachin Tendulkar, known as the “God of Cricket,” has invested in the NFT platform Rario. Tendulkar is now a strategic investor and brand ambassador for Singapore-based Rario, according to an announcement made on Tuesday. As part of the agreement, Rario will be the sole provider of Tendulkar’s digital collectibles on its platform. Tendulkar’s investment amount was not disclosed by the firm. Rario is a cricket-focused NFT platform that provides digital keepsakes of players and competitions. It was launched in 2021. According to the company, it has worked with over 900 athletes, including Aaron Finch, Faf Du Plessis, Virender Sehwag, Zaheer
2 years ago
1 min read
Only a little more than a year after El Salvador became the world’s first government to recognize Bitcoin (BTC) as legal cash, the policy looks to be unpopular among most inhabitants. According to a study conducted by the University of Central America (UCA), over 77% of El Salvadorans believe Bitcoin adoption has been a failure. Interestingly, despite the government’s efforts to popularize Bitcoin and cryptocurrencies, the study found that 75.6% of inhabitants said they had never used digital assets in 2022, when the whole digital asset market plummeted substantially. Furthermore, with President Nayib Bukele amassing more Bitcoin, another 77% of
2 years ago
1 min read
According to the CEO of CryptoQuant, financial institutions have removed 48,000 bitcoins (BTC) from Coinbase, which traditionally indicates a rise in price. Related to Bitcoin, Peter Schiff asserts that BTC may cause the next leg to fall Santiment data aggregator has noted that whales have been buying up Bitcoin recently. Hodlers Whales’ BTC holdings soar to ATHs. Small and mid-sized wallets that hold between 0.1 and 10 BTC have grown their supply of the top cryptocurrency to a historic peak of 15.9% of the circulating supply, according to its most recent tweets. Since February of last year, the number of
2 years ago
1 min read
The eagerly anticipated “Bluesky Social” software is currently accepting participants for a private beta and promises a “short launch.” As part of its decentralized response to Twitter, Bluesky Social’s co-founder and former CEO Jack Dorsey has revealed the most recent version of its social protocol and a new Bluesky Social app. The program was first launched by Dorsey in December 2019 with the goal of allowing social media users to have control over their data and be able to move it from platform to platform without authorization. The announcement on October 18 comes almost three years later. Account portability, algorithmic
2 years ago
1 min read
Nirmala Sitharaman, India’s finance minister, is unsure whether blockchain technology would be used for tradeable assets. In the meantime, the nation pursues international regulatory cooperation and advances the digital rupee CBDC. Nirmala Sitharaman, India’s finance minister, stated that the government was uneasy about adopting blockchain technology for tradeable assets. During her visit to the United States, Sitharaman made the remarks while attending the G20 Finance Ministers and Central Bank Governor (FMCBG) meeting as well as the IMF and World Bank Annual Meetings. The country’s fintech sector should prosper, and thus the finance minister is delighted to permit its usage for
2 years ago
2 mins read
Walmart’s CTO, Suresh Kumar, says crypto will play a significant role in payments throughout the metaverse and social media, as these platforms will play a significant role in how consumers learn about new products. Suresh Kumar, the global chief technology officer (CTO) of Walmart, predicts that in the future, customers will use cryptocurrencies to pay for both digital and tangible goods, making this a “major” area of disruption. On October 17, Kumar discussed Walmart’s views on digital assets while stating that “crypto will become an integral component of how people transact” for both physical and virtual items. Kumar was speaking
2 years ago
1 min read
According to Etherscan data, the TempleDAO exploiter sent stolen money to the privacy protocol’s smart contract. TempleDAO was used as a vehicle by a hacker who took advantage of the DeFi protocol to move the money they had stolen. The yield-farming protocol was abused earlier this month for 1,831 ETH (about $2.34 million). All money was transferred to a new wallet. According to Etherscan data, on Sunday, a similar amount of ether was sent from the hacker’s known address to a Tornado Cash router. The action will conceal the whereabouts of the stolen money. Immutable smart contracts built into the
2 years ago
1 min read
Ethereum, the second largest cryptocurrency by marketcap, is still undervalued since the Merge. According to a recent study by financial services company Finder, nearly half of 55 fintech and cryptocurrency experts think Ethereum is underpriced since the network switched to a proof-of-stake blockchain through “The Merge” upgrade last month. 23% of the panelists in the survey said the token was overpriced, while 46% thought Ether should be valued higher. According to the panelists, ETH may close 2022 at around $1,377 but is predicted to drop as low as US$963 before rising to a high of $1,722 this year. Osom Finance Chief Executive
