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Metaverse project Gamium has announced a partnership with social media giant Meta and telecommunications firm Telefonica. The partnership announcement caused Gamium’s native token, GMM, to surge by 434% in 24 hours. Moreover, the token has rallied 791.3% in the monthly charts. GMMUSDT Chart By TradingView As per the announcement, along with Meta and Telefonica, Gamium will work on the Metaverse Activation Program. The program was launched to support and grow start-ups in the Web3 sector. Moreover, startups will gain access to exclusive technology made available by Meta AI and receive financial assistance from both Meta and Telefonica. Meta and Telefonica are not new to the Web3 market. Meta was the parent company of Diem, a corporation that created Diem Crypto (formerly known as Libra). On the other hand, Telefonica disclosed that it invested in a Spanish exchange that allowed for the purchase of cryptocurrencies. Source: Coingecko At press time, GMM was trading at $0....

Join Our Telegram channel to stay up to date on breaking news coverage Stacks STX is gaining in the market today, as it’s up by 23.62% at $0.9382 reflecting a massive spike from yesterday’s closing price of $0.78992. It traded at $0.213 on January 1, 2023, and increased to $0.03031 on February 3, 2023.  The asset moved into an uptrend on February 19, jumping to $0.6439 for the first time in 2023. This price movement has made it one of the best-performing cryptocurrencies for February. Factors Contributing To The Stacks Rally The Stacks Network has enjoyed a positive price trend in 2023. Some innovations and activities could be responsible for this increase. Here are the latest trends and updates on the network that could have a significant impact on the price. Stacks Foundation Launches Building On BTC Hackathon The Stacks Foundation announced a virtual hackathon where participants will build their smart contracts on the network with Clarity. Hackathons ha...

While several market strategists and analysts expect U.S. inflation to drop considerably in 2023 compared with last year, Michael Wilkerson, founder of Stormwall Advisors, thinks the inflation rate could climb as high as 12% by the end of this year. The country’s inflation rate has cooled down over the past seven months, but Wilkerson insists that the U.S. Federal Reserve “is going to run out of firepower.” Stormwall Advisors’ Michael Wilkerson Believes U.S. Will ‘See Another Spike up’ in Inflation Over the last two months, many reports have stated that inflation has peaked, and in the U.S., the consumer price index (CPI) has dropped for seven consecutive months since its high in June 2022. In a recent interview between Kitco News anchor Michelle Makori and Michael Wilkerson, founder of Stormwall Advisors, Wilkerson expressed his expectation of another surge in U.S. inflation. While acknowledging that his view is in the minority, Wilkerson emphasized that...

Join Our Telegram channel to stay up to date on breaking news coverage The Bitcoin Cash price is down by 2.68% in the last 24 hours, with its market capitalization seeing a 2.69% downturn. The current trading volume, however, has increased as it currently stands at $225.22 million, which is a 2% increase from yesterday. After signaling that it would reach the golden EMA crossover a week ago, the Bitcoin cash price failed to maintain support at $140 and is now heading down to its test $130 support. While the token is still trading above its 200-day SMA, general market conditions regarding this token remain bearish. Investors are considering cutting their losses as if the $130 support fails; the BCH price might go below the $120 mark. Bitcoin Cash Price: What do the Indicators Say The current market indicators are putting Bitcoin cash in the bearish zones, with more than half of the technical indicators saying the token is heading in bearish directions. As far as the token...

A community member believes that the space will look back to this moment once it succeeds in making the world decentralized. The International Monetary Fund (IMF) recently made another anti-crypto move, expressing its opposition to crypto becoming a legal tender. In response to this, members of the crypto community were quick to fire back, going on Twitter to express disagreement.  The executive board of the IMF recently endorsed a crypto asset policy framework that included not granting crypto assets an official currency or legal tender status. The executives agreed with the framework and highlighted that it’s a necessary move to safeguard monetary stability.  The best #Bitcoin promotion. https://t.co/vwW6YdzBhJ — Dennis Parker (@Xentagz) February 23, 2023 From expressing their support for Bitcoin (BTC) to comparing the situation to other technological advancements, various members of the community fired back at the IMF’s attempt to discredit crypto as a legal tender . Accordi...

Despite similar price action, Fantom and Optimism ecosystems are moving in opposite directions and this is reflected in each token’s price. The price action of Optimism (OP) and Fantom (FTM) tokens have been quite identical since the last quarter of 2022. The difference is, volatility is slightly higher for OP, which surged 240% year-to-date, compared to the 180% gains seen in FTM. The Fantom Foundation has made several improvements since Q4 2022, which have catalyzed an uptrend in the token’s price. However, Fantom’s ecosystem remains primitive while its competitors expanded to support new use cases. On the other hand, Optimism has shown robust community and decentralized application (dApp) development thanks to the loyalty of Ethereum developers and the Optimism Foundation’s effective strategy in aligning token incentives with governance. OP/USD (orange) and FTM/USD (blue) price chart. Source: TradingView Fantom’s ecosystem development stalls The Fantom ecosystem received an adverse...

Join Our Telegram channel to stay up to date on breaking news coverage The distributed RNDR system uses the ERC-20-compliant utility token RNDR to pay for the rendering of animation, motion visuals, and VFX. It operates as a peer-to-peer GPU computing network that links producers who need extra processing capacity to render their scenes to suppliers who get paid in RNDR tokens for their GPU processing. Is it a wise investment to buy Render Tokens at their current price? A peer-to-peer network may be used to render and broadcast virtual works using the Render Token (RNDR). The network makes it possible to efficiently share and perform complicated GPU-based rendering workloads, which makes the process simpler for consumers. With an emphasis on 3D projects as well as digital rights management, The Render Network intends to develop into a network for financing digital ideas, resources, and apps. Render Token’s primary goal is to link various studios as well as artists that w...

Unification , the firm building the Shiba Inu’s layer-2 network, printed a new all-time high of $0.58 on Tuesday. Its native token FUND skyrocketed from $0.068 to $0.58 in six months generating stellar returns for investors. That is an uptick of nearly 752% in six months, despite the bearish conditions of the markets in 2022. For context, an investment of $1,000 in August 2022 would have turned into $7,500 in February 2023. Now that Unification ’s FUND token is reaching new highs every month, should you buy the token? Let’s find out! Also Read: Shiba Inu: Shytoshi Finally Explains if He’s Elon Musk or Not Source: CoinGecko.com Unification: Should You Buy FUND Before Shibarium Launch? Source: Twitter / UnificationUND Unification has several projects lined up and is building technologies for the Web3, NFTs, and cryptocurrency industries. The main project is Shibarium, which could also make FUND’s price head north alongside Shiba Inu. On-chain metric...

BitKeep Partnership with NFTrade, bringing a host of benefits for users, including greater security, faster transactions, and seamless storage of their digital assets. The partnership will allow Bitkeep Wallet users to easily access and manage their NFT assets on NFTrade, without having to worry about the security of their private keys. By integrating with Bitkeep’s state-of-the-art security measures, including multi-signature technology and secure offline storage, users can rest assured that their digital assets are safe and secure. As BitKeep announced its Partnership with NFTrade. In addition to enhanced security, the integration will also bring faster and more efficient transactions to NFTrade’s platform. Bitkeep’s advanced technology allows for faster confirmations and lower fees. Making it easier and more cost-effective for users to buy, sell, and leverage NFTs on the NFTrade marketplace. The Partnership The partnership with Bitkeep Wallet is just the latest in a series of strate...

Gemini’s co-founder believes that the next crypto bull run will come from the East. “It will be a humbling reminder that crypto is a global asset class,” he said. “The West, really the U.S., always only ever had two options: embrace it or be left behind. It can’t be stopped.” Gemini Co-Founder on Next Crypto Bull Run Cameron Winklevoss, co-founder of the U.S.-based cryptocurrency exchange Gemini, believes that the next crypto bull run will come from the East. He tweeted Sunday: My working thesis [at the moment] is that the next bull run is going to start in the East. It will be a humbling reminder that crypto is a global asset class. “The West, really the U.S., always only ever had two options: embrace it or be left behind. It can’t be stopped. That we know,” he emphasized. “Any government that doesn’t offer clear rules and sincere guidance will be left in the dust. Quickly. This will mean missing out on the greates...

Robert Kiyosaki, author of Rich Dad Poor Dad, advises investors to watch Google, Microsoft, Facebook, and Amazon layoffs. Kiyosaki warns his 2.3 million Twitter followers that he predicts a massive market meltdown this month, with all assets, including gold and crypto, first falling. “Silicon Valley first dominos [to] fall, laying off 144,000 in 2022. 66,000 more 2023. VALENTINES DAY MASSACRE predicted by Stansberry Research. Everything will crash including prices, gold, silver, Bitcoin. Do not panic. Good news. I will buy more gold, silver and Bitcoin – real money with fake money.” After the crash, Kiyosaki expects the Federal Reserve will create billions to prop up markets, increasing debt and devaluing the dollar. By 2025, he predicts gold, silver, and Bitcoin to skyrocket. “Giant crash coming. Depression possible. Fed forced to print billions in fake money. By 2025 gold at $5,000 silver at $500 and Bitcoin at $500,000. Why? Because faith...

Join Our Telegram channel to stay up to date on breaking news coverage The general crypto market has weathered the storm and has rallied with a 0.06% increase over the last day. Solana’s token, SOL, has also surged in tandem with the market, experiencing a 5.2% uptrend over the last 30 days. Will the digital asset keep up its momentum and hit a new high soon? Solana is a highly functional open-source project that aims to achieve high transaction speeds without sacrificing decentralization. The Solana protocol is intended to make creating decentralized applications (DApps) easier. It seeks to increase scalability by adding a proof-of-history (PoH) consensus and the blockchain’s underlying proof-of-stake (PoS) consensus. Solana enjoys interest from both institutional and small-time traders due to its unique hybrid consensus strategy. The Solana Foundation places a lot of emphasis on expanding access to decentralized finance. SOL, the native currency of Solana, is use...