ReportWire

Tag: Algorand

  • Crypto Silver Lining: Market Dips Are Stepping Stones To Soaring Heights – Analyst

    Crypto Silver Lining: Market Dips Are Stepping Stones To Soaring Heights – Analyst

    [ad_1]

    Crypto Rand, a renowned crypto trader, has shared insights on the current market corrections, emphasizing the necessity of these corrections for sustainable market ‘growth.’

    The trader, who disseminates his views on X, stresses that despite the evident pullbacks, the crypto market’s macrostructure remains “intact.”

    This perspective comes at a time when most crypto assets, including Bitcoin, have experienced significant price drops over the past couple of days.

    Navigating Resistance Levels: The Path To Growth

    Crypto Rand’s leveraged the price action index of various cryptocurrencies, such as Cosmos (ATOM), Chainlink (LINK), NEAR Protocol (NEAR), Algorand (ALGO), and MultiversX (EGLD), among others to highlight his point.

    Rand identifies multiple resistance levels in these assets’ trajectories, suggesting these as potential points for market turnaround. These resistance levels are categorized as major or minor, depending on the frequency and intensity of price actions historically observed at these points.

    Despite the temporary pullbacks that these resistance levels might introduce, Crypto Rand views them as necessary pauses that allow the market to gather strength for future upward movements.

    This perspective is particularly relevant in light of Bitcoin’s recent price behavior. The flagship cryptocurrency has seen a notable dip from its recent high of $44,000, currently trading just below $42,000.

    Bitcoin (BTC) price is moving sideways on the 1-hour chart. Source: BTC/USDT on TradingView.com

    This downward trend has echoed across the crypto market, impacting other major assets like Ethereum including altcoins Rand mentioned like Chainlink, and Algorand.

    Over the past 7 days, BTC and ETH have experienced declines of 4.4% and 2%, respectively. Meanwhile, Chainlink has seen a 6.9% drop during the same period, and Algorand has fallen by 4.1% in just the past 24 hours.

    The Broader Perspective On Crypto Market Corrections

    The sentiment that market corrections are a healthy and necessary aspect of growth is not exclusive to Crypto Rand. William Clemente, the co-founder of Reflexivity Research, echoes this viewpoint.

    Clemente posits that the current market retraction, which could potentially bring Bitcoin’s price closer to $40,000, should “not be a cause for alarm.”

    Clemente argues that this process is crucial for eliminating weaker market participants and reducing excess leverage, ultimately establishing a firmer foundation for future upward trends.

    Clemente further articulates that the inherent volatility of Bitcoin should be perceived as “a feature, not a bug”. It is worth noting that this stance reinforces the notion that the crypto market is still evolving and that such fluctuations are part and parcel of its journey towards maturity.

    Featured image from iStock, Chart from TradingView

    Disclaimer: The article is provided for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

    [ad_2]

    Samuel Edyme

    Source link

  • MyGiving Partners With WILD.org to Amplify Fundraising to Unlock the Infinite Potential of Wilderness

    MyGiving Partners With WILD.org to Amplify Fundraising to Unlock the Infinite Potential of Wilderness

    [ad_1]

    MyGiving empowers nonprofits to leverage NFTs and digital assets to engage and steward donors in innovative ways using Algorand, a carbon-negaitve blockchain

    Press Release
    –

    Nov 2, 2022 09:00 EDT


    BOSTON, November 2, 2022 (Newswire.com)
    –
    Boston-based startup MyGiving partners with WILD.org to leverage digital assets to enhance fundraising results.

    “We are excited to partner with MyGiving to send donors digital assets to thank them for supporting our work. The seamless and frictionless solution MyGiving offers and the fact their tool is built on the carbon-negative blockchain, Algorand, makes this collaboration even better. WILD is proud to be at the forefront of this unique and cutting-edge approach to donor stewardship,” said Amy Lewis, WILD’s Vice President, Policy and Communications.

    “Launching this project with WILD.org is not only an exciting partnership but also proof of concept for MyGiving. We are thrilled to bring stewardship and donor relations to the blockchain while at the same time limiting the environmental impact of traditional mailing-based stewardship strategies,” said Stephen Rodriguez, co-founder of MyGiving.

    “We chose Algorand as the foundational blockchain for MyGiving because of its scalability, massive adoption, security, and reputation as a blockchain built for the future. We are excited about this partnership because it demonstrates the power of our platform – removing hurdles for a nonprofit to embrace digital assets and NFTs as a way to engage donors,” said Karthik Shanmugam, co-founder of MyGiving.

    About WILD.org and the Infinite Wild campaign:

    WILD is an organization working worldwide to mobilize action to protect Half of Earth’s lands and seas – the amount scientists say we need to have a future. WILD does this by working in full partnership with Indigenous Peoples, scientists, business owners, activists, and any other human that sees the value of protecting our common home. All programs at WILD support the mission of Nature Needs Half.

    Infinite Wild is an NFT project designed to invite collectors into the world of our biodiversity. The top 54 donors between Oct. 1 and Dec. 31, 2022, will receive a unique, carbon-neutral NFT. Most cards represent one of four types of ecological services. Some cards feature people (especially WILD’s staff) representing services we can give back to nature. All donors will receive ownership of a Community Card NFT featuring the card back design.

    About MyGiving :

    MyGiving gamifies philanthropy by empowering nonprofits to create and send NFTs and digital assets while providing a way for donors to virtually share and celebrate the organizations they support. Built on Algorand, a carbon-negative blockchain, MyGiving offers a white-label solution for nonprofits to create, mint, and transfer NFTs and digital assets to donors to bring donor relations and stewardship into today’s digital world. 

    Visit MyGiving.io and wild.org/unlock-wilderness to learn more.

    Source: MyGiving

    [ad_2]

    Source link