In a current bear market, it is difficult and daunting for buyers to find viable crypto purchases. So how do people decide on what blockchain network to participate with? Well, it is safe to assume that individuals do research and read articles to find out more information about specific cryptocurrencies.
However, there are particular types of people who subconsciously affect the way that the average person communicates, dresses and purchases. These are celebrities – high-profile individuals who are well known for having a particular skill. In recent years, many celebrities have gotten involved in the web 3 factors such as crypto and NFTs, and have a huge influence on the market. This article will explore how the meme coin Big Eyes (BIG) could potentially attract the attention of these notable figures, whilst looking at two other crypto tokens that have recently been endorsed by celebrities: Binance Coin (BNB) and Cardano (ADA).
How can Big Eyes (BIG) draw the eyes of big celebrities?
Big Eyes (BIG) is a new meme coin that plans to add something new to the sector by protecting a vital part of the world’s ecosystem and diverting the wealth into the decentralised finance (DeFi) sphere. BIG markets itself differently from traditional meme coins such as Dogecoin, Shiba Inu and Dogelon Mars – who all centre their crypto around the Shiba Inu dog breed. Contrastingly, Big Eyes uses a cat with large pupils to entice its audience – as its developer(s) believe that cuteness is a billion-dollar industry which should be taken seriously.
Cuteness may be the primary factor to draw several notable figures to it, as many people enjoy wholesome creatures, whether they are virtual or real. Additionally, Big Eyes has key features that also differ from the standard meme coins such as having a unique tax system, no fees when making transactions and being community-driven. Furthermore, BIG also plans to donate 5% of their earnings to ocean-based charities – something that celebrities would appreciate as many of them also donate to charity. Celebrities should keep an eye out for BIG, as it has a niche that fills a void in an oversaturated sector of crypto.
The Popular Blockchain Network – Binance Coin (BNB)
Binance Coin (BNB) is a blockchain network that is well-established in the cryptocurrency market, with a current ranking of fifth on CoinMarketCap. It aims to bring cryptocurrency exchanges to the centre of financial global activity – being the largest crypto exchange network in the world. BNB has a huge ecosystem which includes the Binance Chain, Binance Smart Chain, Binance Academy and a trusted wallet.
It has recently been endorsed by high-profile footballer Cristiano Ronaldo, who a few days ago announced his new NFT deal with BNB via his social media. This news surprised many due to crypto currently being in a bear market. With Cristiano Ronaldo one of the most recognisable athletes in the world – this would increase Binance Coin’s volume and traction. This deal also represents the growing popularity of NFTs, a sector in which many celebrities are participating.
The Got-To Coin for Celebrities – Cardano (ADA)
Cardano (ADA) is a proof-of-stake (PoS) blockchain platform which aims to provide positive global change. The proof-of-stake consensus refers to processing transactions and constructing new blocks in a blockchain. Its name derives from the 16th-century Italian polymath Gerolamo Cardano and was founded in 2017. This coin has recently been endorsed by rap icon Snoop Dogg, along with his Champ Medici who is an NFT artist and active crypto investor.
Medici has expressed his belief in the ADA’s ecosystem and its founder, Charles Hickinson, whilst teasing music content related to Cardano. Snoop and Champ launched their collaboration with Clay Nation, a Cardano-based project which aims to deliver land pitches, striking clay animations and unlockable music content to Cardano. This move has increased the popularity of the currency, and with a solid ranking of eighth on CoinMarketCap – ADA will seemingly maintain a solid reputation if the approval of influencers continues.
Disclaimer: The views and opinions expressed by the author should not be considered as financial advice. We do not give advice on financial products.
PrivaCrip to Power a Blockchain Network That Could Follow Cardano & XRP
When the first decentralised blockchain was popularised in 2008 by Satoshi Nakamoto, the door was open for people across the globe to transact more securely and seamlessly. Many blockchain networks have been built and powered by native crypto tokens, including PrivaCrip (PRCR).
Native tokens exist for several reasons. Aside from acting as digital currencies, they perform various functions. Helping blockchains improve data traceability, security, transparency, and trustworthiness shared throughout the network. They also assist in reducing costs through their ever-evolving efficient methods.
Cardano (ADA) and Ripple (XRP) are among the best blockchain-based cryptos that this article will discuss. We will also look at how PrivaCrip (PRCR) will power a blockchain network set to launch into the crypto space.
Top Tier Crypto Makes its Mark – Cardano (ADA)
Cardano (ADA) has been around in the crypto space since 2017. The Proof-of-Stake (PoS), Ouroborous Cardano (ADA), was established using a research-based methodology.
Research is the backbone of Cardano (ADA) and is integral to its success in the cryptocurrency market. Cardano (ADA) uses an evidence-driven mechanism and peer-reviewed research to run its ecosystem to drive its evolution.
Among many things, Cardano (ADA) helps establish DeFi products and provides a suite of financial solutions. Crypto enthusiasts can stake Cardano (ADA) for a chance to earn rewards for their holdings.
With 2022 providing challenges in cryptocurrencies across the globe, Cardano (ADA) is one of the few cryptos to see a surge in on-chain trading volume this year. CoinMarketCap lists Cardano (ADA) as the 7th largest crypto by market capitalization at the time of writing.
Making Waves – Ripple (XRP)
Launched in 2012, Ripple (XRP) is a leading provider of crypto solutions for businesses. Ripple (XRP) provides developers with a solid open-source foundation for executing demanding projects. It is fast, energy-efficient, cost-effective, and reliable.
The solutions provided by Ripple (XRP) enable developers to solve inefficiencies, including asset tokenization and remittance. Therefore, individuals and businesses may apply Ripple (XRP) for DeFi, payments, tokenization, and more.
Crypto enthusiasts with a long-term focus may find Ripple (XRP) a valuable investing tool. Token holders can use Ripple (XRP) for staking its mainnet platform for a chance to grow their earnings and maximise profit.
The New Face Of Privacy – PrivaCrip (PRCR)
The soon-to-launch PrivaCrip (PRCR) is a cryptocurrency built for Web3 data privacy. It will allow users to develop and use permissionless and privacy-preserving applications. This unique feature of PrivaCrip (PRCR) secures apps, protects users, and fosters the creation of many new Web3 uses.
PrivaCrip (PRCR) will drive a blockchain that creates a more empowering and inclusive internet. It will enable developers to build secure dApps using private contracts based on original privacy research (OPR) to revolutionise Web3.
PrivaCrip (PRCR) will begin pre-sale soon and has an initial token price of 0.10 USD. According to the whitepaper, there will be a total supply of 190 million tokens, of which 40% of the total supply will go to the pre-sale.
Crypto enthusiasts who purchase PrivaCrip (PRCR) during the pre-sale will receive the most significant long-term rewards and bonuses. Those who buy with Bitcoin (BTC) will receive a 10% bonus. Also, those using Ethereum (ETH) to purchase will receive 15% of the total PrivaCrip (PRCR) they purchase as a bonus.
10% of PrivaCrip’s (PRCR) total supply is up for distribution as staking rewards, meaning that token holders who stake will receive rewards for their contribution to the crypto’s advancement.
Blockchain networks are continuously evolving, and so are the crypto tokens that power them. Cardano (ADA) and Ripple (XRP) have contributed tremendously to the success of their blockchain networks, gathering mass appeal.
PrivaCrip (PRCR), for its part, will drive a security-enabled blockchain and scalability in private DeFi, empower data tokenization, and bring together a fast-growing community. Acting on its promise, it has the potential to become the next big mover in cryptocurrency.
For more on PrivaCrip (PRCR), check below:
Cardano (ADA) Withdrawal Fees Waved by Bitrue Exchange
Singapore-based cryptocurrency exchange made Cardano one of its base trading pairs earlier this year
Singapore-based cryptocurrency exchange Bitrue announced that it had temporarily waived withdrawal fees for the Cardano (ADA) cryptocurrency.
The trading platform says that the move is meant to celebrate the support it received from the community behind the cryptocurrency.
Users will be able to withdraw ADA without paying any fees until mid-September.
Bitrue has stressed that it wants users to have “as much choice as possible” when it comes to custody options. Those who want to hold their ADA tokens will not be able to do so without paying an additional commission.
At the same time, Bitrue has touted its “Power Piggy” yield-farm investment program for those who want to earn passive income with ADA.
As reported by U.Today, Bitrue introduced the token as its base currency back in February.
In June 2021, it also became the first cryptocurrency trading platform to add support for Cardano-based native tokens.
Last month, Bitrue also announced a staking initiative with the ADA cryptocurrency. It decided to contribute a million tokens to some of the top Cardano staking pools in an effort to boost the level of decentralization.
Earlier this year, SundaeSwap (SUNDAE), the native token of the SundaeSwap exchange, also became available on Bitrue.
WingRiders Losses 59% Of Its Total Value Locked, Plunges Cardano TVL Below $100M
Popular Cardano-based decentralized exchange WingRiders has lost its position as the most valuable DEX on Cardano.
WingRiders slumped from the first position to third after losing more than 59% of the total value locked (TVL) on the platform in the past 30 days.
At the time of writing this line, WingRiders is now the third-largest DEX by total value locked, with a TVL of $19.66 million. It is noteworthy that WingRiders maintained the top spot for more than two months, claiming 42% of TVL On Cardano. However, the DEX has fallen from glory ever since.
Minswap Is Now Cardano’s Most Valuable DEX
The development also affected the total value locked on Cardano. The total value locked on Cardano has fallen below $100 million in the last 30 days after the WingRiders TVL slumped.
Interestingly, Minswap has taken the lead to become the most valuable decentralized exchange on Cardano after the massive decline of WingRiders’ TVL.
At press time, Minswap is leading, with a $49.09 million total value locked on the platform. The DEX hit the milestone after recording a massive growth of 30.9% in its TVL in the past 30 days. Minswap accounts for 51.82% of the total value locked on Cardano.
SundaeSwap, the first decentralized exchange on Cardano, is now the second most valuable DEX in the ecosystem. SundaeSwap is second in the ranking, with $19.72 million in TVL.
Like WingRiders, SundaeSwap has also lost a significant amount of its TVL over the past 30 days. In the past month, SundaeSwap has lost nearly 10% of the funds locked on the platform.
Commenting on the development, Cardano Daily, a platform that shares new developments about Cardano, said:
“After the major decline of @wingriderscom, the TVL scenario of the Cardano ecosystem has stabilized back to normal as we have seen in the past few weeks. @MinswapDEX still led the ecosystem with $51M TVL, contributing 50% of the ecosystem.”
CARDANO TVL STATUS
After the major decline of @wingriderscom, the TVL scenario of the @Cardano ecosystem has stabilized back to normal as we have seen in the past few weeks. @MinswapDEX still led the ecosystem with $51M TVL, contributing 50% of the ecosystem#tvl #cardano $ADA pic.twitter.com/xjZ6cHo8jX
— Cardano Daily (@cardano_daily) August 9, 2022
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