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DinoDoodles – 888 Exclusive & Limited Public Mint! Win RTX 3090s / Staking Protocol / DAO / Casino Platform A fun new NFT project with a variety of Dinos! We […]

This is test collection for NFT calendar

DinoDoodles – 888 Exclusive & Limited Public Mint! Win RTX 3090s / Staking Protocol / DAO / Casino Platform A fun new NFT project with a variety of Dinos! We […]

Helium (HNT) Is Officially Migrating to Solana (SOL) Blockchain After Community Vote

The decentralized wireless network Helium (HNT) is officially migrating to the Solana (SOL) blockchain after a community vote upheld the decision.

The Helium Foundation announced on Thursday that its community approved the move by a majority 81.41% vote on Helium Improvement Proposal (HIP) 70.

Says Scott Sigel, the chief operating officer of the Helium Foundation,

“We have an ambitious mission of deploying and managing wireless networks at scale and moving to Solana allows us to do that. Solana has a proven track record powering some of the world’s most important decentralized initiatives and they were an obvious choice for us to partner with. Moving to the Solana blockchain allows us to focus our efforts on scaling the network as opposed to managing the blockchain itself.”

The Helium Foundation first announced its intention to migrate the ecosystem to Solana in late August, when HNT was trading at around $6.00. In the week following, the token plunged to a low of $3.33.

HNT has since partially recovered and is trading at $4.67 at time of writing. The 71st-ranked crypto asset by market cap is up nearly 5% in the past 24 hours.

Solana’s native asset SOL is trading at $32.56 at time of writing. The 9th-ranked crypto asset by market cap is up more than 5.6% in the past day.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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The post Helium (HNT) Is Officially Migrating to Solana (SOL) Blockchain After Community Vote appeared first on The Daily Hodl.

Helium Ditches Own Blockchain in Favor of Solana After Community Vote

Voter turnout showed overwhelming support for moving Helium’s native network to Solana, with over 80% in favor.

Solana, Avalanche Prepare for Extreme Volatility

Solana and Avalanche appear to be at risk of a steep correction. These tokens need to reclaim vital support levels quickly to avoid further losses. Trouble Ahead Solana and Avalanche…

Solana Creator Anatoly Yakovenko Reveals His End Goal for Top Ethereum Rival

The co-creator of Solana (SOL) is revealing his end goal for the high-throughput blockchain and major Ethereum (ETH) rival.

In a new interview with Scott Melker, Anatoly Yakovenko says that he hopes the Solana blockchain’s speed will help it become the benchmark system for all global financial data, eliminating market inefficiencies.

“This is like my science fiction end goal for Solana is that when news travels around the world, state transitions travel at the same speed as news, by the time that news hits a Bloomberg terminal in New York, the price of whatever that thing was reflecting is already being propagated through Solana.

So when a trader looks at a market at NYSE (New York Stock Exchange) or Solana it’s the same price. It means there’s no real arbitrage allowed. That will require a lot of work. We joke that if we have to do it, we will build a neutrino-based communication between nodes to cut through the center of the earth to reduce latency.”

The crypto entrepreneur says in order for Solana to become dominant, a big breakout of adoption of the next big application on its blockchain would be key to making it happen.

“I think the key part that would be awesome and like a win is if we do see that like 100 million user breakout application happen on Solana. And, I don’t know what that is, but, to me, if like the Facebook or whatever equivalent of NFTs [non-fungible tokens] gets built on Solana, that would be, I think, how we win… and what that would mean, I don’t know.”

“I have this belief and a hope that self-custody is so important that if we have 100 million people with self-custody that that becomes a transformative force, almost like a global voting block around the world, like, what if 10 million people decide to buy every coal plant and shut it down? Like the Constitution DAO [decentralized autonomous organization]. The possibilities there are pretty endless and pretty wild.”

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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The post Solana Creator Anatoly Yakovenko Reveals His End Goal for Top Ethereum Rival appeared first on The Daily Hodl.

Solana Co-Founder Sees Upside From Ethereum’s Merge, Saga Web 3 Mobile

Raj Gokal, Solana Labs’ chief operating officer, joined CoinDesk TV’s “First Mover” to discuss what the Merge could mean for Ethereum and how its Saga mobile phone stacks up in comparison to the iPhone 14.

Algorand Boosters Push Back on Helium’s Proposed Move to Solana

Decentralized Wi-Fi network Helium Network has proposed moving to the Solana blockchain. But a Solana competitor has another idea.

Hubble Protocol Raises $5M to Expand Solana-Based DeFi Protocol

The protocol aims to create a Solana-based MakerDao equivalent: a DeFi protocol with a U.S. dollar denominated stablecoin.

Crypto Analyst Weighs In As Helium (HNT) Tumbles After Proposal To Migrate to Solana (SOL)

A popular crypto analyst is still bullish on Helium’s (HNT) long-term prospects despite the project’s recent steep correction.

In a new YouTube video, the anonymous host of InvestAnswers tells his 443,000 subscribers that Helium, a decentralized wireless network for the Internet of Things (IoT), is a “picture-perfect use case for blockchain.”

The project’s native token, HNT, has tumbled by nearly 40% in the past week following the announcement that the core developers of Helium are considering migrating the network to high-performance blockchain Solana (SOL). HNT is trading at $3.82 at time of writing.

The InvestAnswers host notes that the market sometimes values layer-one projects more than Web3 apps. He also says he believes the migration could benefit both Helium and Solana.

“Helium is designed around proof-of-coverage, and POC – not proof-of-concept, proof-of-coverage – tries to verify on an ongoing basis that hotspots are honestly representing their location and the wireless network coverage they are creating from that location. Again, like everything with the blockchain, everything with the network, it needs to be trusted and operational when people need it, and hotspots enable people to operate wireless networks for a very low-power Internet of Things devices… Now the architecture itself lends itself very well to Solana’s network.

The consensus mechanism has elements of proof-of-history not too far from proof-of-coverage, and Solana’s coming out with their phone and wearable technology as well. And LongFi is perfect for powering this ecosystem, so the synergy could cut both ways as well, and this way Helium can focus on the hotspots and LongFi and let Solana handle the scalability and execution, so this is – for me, as far as I’m concerned – a very exciting use case.”

LongFi is Helium’s peer-to-peer wireless networking protocol.

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The post Crypto Analyst Weighs In As Helium (HNT) Tumbles After Proposal To Migrate to Solana (SOL) appeared first on The Daily Hodl.

Trading Bot Known for Beating Crypto Markets Chooses Ethereum, Polygon, Solana and Additional Blue-Chip Altcoin

A trading robot with a reputation for outperforming the markets is sharing its newest portfolio allocations as most crypto assets seek to recover from an overall downtrend.

Each week the Real Vision Bot conducts surveys to compile algorithmic portfolio assessments that generate a “hive mind” consensus.

The bot’s latest data reveals that traders’ risk appetite has decreased significantly from a week ago, with most market participants voting to overweight their portfolios with three blue-chip altcoins in addition to the top crypto assets Bitcoin (BTC) and Ethereum (ETH).

Surging into first place was ETH layer-2 solution Polygon (MATIC) with a 26% allocation.

Ethereum competitor and layer-1 blockchain Solana (SOL) slid into second place with 20% allocation. Finally, blue-chip altcoin Polkadot (DOT), the interoperability blockchain, saw a 17% allocation.

“Latest results of the RealVision Exchange crypto survey. Is it blue-chip crypto time? Bitcoin climbs back to #1. 

  1. Bitcoin 47%      
  2. Ethereum 41%      
  3. Polygon 26%    
  4. Solana 20%    
  5. Polkadot 17% “
Source: RealVisionBot/Twitter

Polkadot is followed closely by US-dollar pegged stablecoin USD Coin (USDC), interoperable blockchain Quant Network (QNT), and layer-1 blockchain Cosmos (ATOM).

The Real Vision Bot was co-developed by quant analyst Moritz Seibert and statistician Moritz Heiden.

Real Vision founder Raoul Pal has called the bot’s historic performance “astonishing.” The former Goldman Sachs executive says the bot outperforms an aggregated bucket of top 20 crypto assets on the market by more than 20%.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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The post Trading Bot Known for Beating Crypto Markets Chooses Ethereum, Polygon, Solana and Additional Blue-Chip Altcoin appeared first on The Daily Hodl.

Solana Founder Anatoly Yakovenko Addresses Ethereum Rival’s Blockchain Outages and Issues

Solana Labs CEO Anatoly Yakovenko is addressing some of the technical difficulties that Solana (SOL) experienced over the last year.

In a new interview with Real Vision’s Raoul Pal, Yakovenko says that Solana’s aim to process transactions at an ultra-high rate presented various challenges, especially once the Ethereum (ETH) rival began attracting waves of new users.

“This is our biggest challenge, which is maybe one that I like to have because all these challenges are coming because we have users. And the chain is, on a daily basis, when you look at normal transactions from applications from users – just from people using the network – when you look at those, there’s about 30 million transactions per day. Our peak day was 65 million. That’s more than all the other chains combined.

Binance Smartchain is one-tenth of that. I think Ethereum is one-thirtieth. And because of this load, we’ve seen things that we didn’t expect, and we were a bit short-sighted in the kinds of attacks people would throw at the network…

I think some people have seen 10 million packets per second being submitted to a validator. And if there’s a bug in any one of those validators where memory grows really, really quickly or something we didn’t do well for that load, that validator could shut down, it could break, it could run out of memory, for whatever reason. If a third of them do that, then the network is basically stalled until some manual intervention brings it back up. That has happened a couple of times.”

The crypto entrepreneur says that different blockchains with different technical architectures and use cases will fail in different ways. While Bitcoin (BTC) can handle delays in block time, Yakovenko says Solana’s fast blocks won’t allow for much wiggle room.

“[Bitcoin] is designed to be extremely resilient, and some things that are normal for Bitcoin, like when a bunch of Chinese hash power shut down, there were times where there are two hours between blocks in Bitcoin. And that’s totally fine. If there’s two hours between blocks in Solana, the network’s dead because it’s designed to make a block every 400 milliseconds…

Once you make a faster network, the failure case is different than one on something like Bitcoin or Ethereum.”

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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The post Solana Founder Anatoly Yakovenko Addresses Ethereum Rival’s Blockchain Outages and Issues appeared first on The Daily Hodl.

Controversial Crypto Lawyer Kyle Roche Pulls Out of Nexo, Binance.US, Solana and Dfinity Lawsuits

The new withdrawals come a day after Roche filed to withdraw from class-action lawsuits involving Tether, Bitfinex, TRON and BitMEX.

Top Crypto Trader Updates Outlook on Solana, Polkadot, and One Ethereum Rival Newly Listed on Coinbase

A popular analyst is updating his price targets for a trio of crypto assets as the markets conclude a rocky week of trading.

The pseudonymous trader Altcoin Sherpa plots out several Fibonacci levels for smart contract platform Solana (SOL), telling his 182,400 Twitter followers that he could see the altcoin briefly rising to $36.60 before falling back below $26.

“I think bouncing around here makes sense, but I still ultimately think that the mid-$20s is still coming eventually.

Would be patient with this one.”

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Source: Altcoin Sherpa/Twitter

Solana is trying to recover from a rough final week in August which saw its price drop by 14.3% from $35.27 to $30.21.

SOL briefly flirted with the $33 level but is currently trading for $31.48.

Next on the analyst’s radar is the cross-chain interoperability protocol Polkadot (DOT). Altcoin Sherpa provides a two-year chart while setting several potential price targets where $10.36 serves as resistance and around $4.50 marks the bottom.

“Haven’t looked at this shitcoin in a while, $4.50 or so is going to come if things get really bad.

If this is the bottom, it’ll look like a double bottom structure [in my opinion].”

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Source: Altcoin Sherpa/Twitter

Polkadot is also battling back from the flash crash that affected most asset classes last weekend following Federal Reserve Chairman Jerome Powell’s comments about tightening monetary policy.

At time of writing, DOT is changing hands for $7.14.

Last up is the Ethereum (ETH) competitor NEAR Protocol (NEAR), which the analyst looks at on four-hour candles dating back to late July. Altcoin Sherpa thinks NEAR is holding up better than expected but warns potential investors that the altcoin is currently testing its upward resistance zone.

“Haven’t looked at this shitcoin for a bit, it actually looks pretty decent.

It’s at resistance so wouldn’t quite buy this level, but a break/retest could mean a move up to $5.

Keeping an eye out.”

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Source: Altcoin Sherpa/Twitter

Near Protocol has fully recovered from last week’s price dip, down just 1.05% over the past 24 hours and worth $4.35.

NEAR’s price got a boost earlier this week when top US crypto exchange Coinbase added the altcoin to its trading roster.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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The post Top Crypto Trader Updates Outlook on Solana, Polkadot, and One Ethereum Rival Newly Listed on Coinbase appeared first on The Daily Hodl.

Helium Developers Propose Shifting Network to Solana Blockchain Months After $200M Raise

Developers cited faster transactions and “higher uptimes” among several reasons behind the proposed move.

First Mover Americas: A Bleak Month for Crypto as Bitcoin Slides, Ether Stalls and Solana Tanks

The latest price moves in bitcoin (BTC) and crypto markets in context for August 31, 2022. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

Solana-Based Automation Network Clockwork Raises $4M in Seed Funding

The decentralized network utilizes the Solana validator to facilitate tasks such as automated payments.

Solana-Based DeFi Protocol OptiFi Loses $661K in Programming Blunder

OptiFi, a Solana-powered DeFi protocol that focuses on derivatives, accidentally closed its mainnet platform in a programming blunder, locking away $661,000 in USDC.

Crypto Analyst Predicts Corrections for Solana (SOL), Avalanche (AVAX) and Cosmos (ATOM) – Here Are His Targets

A popular crypto strategist known for his timely altcoin calls warns that a trio of digital assets could see more pullbacks.

Pseudonymous analyst Altcoin Sherpa tells his 181,900 Twitter followers that smart contract platform Solana (SOL) is likely headed to revisit its range low of $25.

“I think a run at these $25 lows is coming. If we view this as an accumulation range (I personally am skeptical), these lows are getting tapped again. And, if we just think it’s bearish, then these lows (or even lower) are coming too. So yeah, lower no matter what.” 

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Source: Altcoin Sherpa/Twitter

At time of writing, SOL is trading for $32.33. A move to Altcoin Sherpa’s target represents an over 22% downside risk for the Ethereum (ETH) competitor.

Next up is fellow smart contract platform Avalanche (AVAX). Altcoin Sherpa predicts that AVAX will likely revisit its bear market lows at around $14.

“You’re going to get your chance to buy lower, regardless if this area is the bottom OR if price just continues way lower. Be patient.”

Image
Source: Altcoin Sherpa/Twitter

At time of writing, AVAX is swapping hands for $19.30, up nearly 6% on the day.

The crypto strategist is also watching the price action of Cosmos (ATOM), an ecosystem of blockchains designed to scale and communicate with each other. Altcoin Sherpa sees ATOM correcting and printing a bullish higher low setup at around $8.

Image
Source: Altcoin Sherpa/Twitter

At time of writing, ATOM is valued at $11.67, up over 12% in the last 24 hours.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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The post Crypto Analyst Predicts Corrections for Solana (SOL), Avalanche (AVAX) and Cosmos (ATOM) – Here Are His Targets appeared first on The Daily Hodl.

Remembering the Failed Crypto Projects a16z Backed

Andreessen Horowitz established itself as a crypto heavyweight by placing winning bets on industry mainstays like Uniswap, Solana, and Sky Mavis early on. The firm also launched a record-breaking $4.5…

Solana DEX OptiFi Accidentally Shuts Itself Down, Locks Up $661,000

Decentralized options exchange OptiFi, a project on the Solana blockchain, has come to an unexpected halt after its development team accidentally shut down the mainnet and locked up funds during…

Crypto Custody Firm Fireblocks Adds Support for Solana Blockchain’s DeFi, NFT, Gaming Apps

Cryptocurrency custody firm Fireblocks has begun providing support for the Solana blockchain’s ecosystem of decentralized finance (DeFi) developers, non-fungible token (NFT) applications and other Web3 activities