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This Top-50 Altcoin Backed by Bitcoin Billionaires Could Explode 100% in Coming Months, According to Trader

This Top-50 Altcoin Backed by Bitcoin Billionaires Could Explode 100% in Coming Months, According to Trader

A popular crypto analyst is turning bullish on one peer-to-peer storage altcoin project that is backed by billionaires. The pseudonymous trader known as Altcoin Sherpa tells his 207,700 followers on the social media platform X that decentralized storage network Filecoin (FIL) could increase more than 125% from its current value within months. “FIL: This doubles […]

The post This Top-50 Altcoin Backed by Bitcoin Billionaires Could Explode 100% in Coming Months, According to Trader appeared first on The Daily Hodl.

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Low-Cap Altcoin Surges More Than 40% in 24 Hours Amid Efforts To Pivot to a Privacy-Centric Ethereum Layer-2

Low-Cap Altcoin Surges More Than 40% in 24 Hours Amid Efforts To Pivot to a Privacy-Centric Ethereum Layer-2

A small-cap altcoin is surging 40% as it upgrades to a privacy-focused Ethereum (ETH) layer-2 (L2) blockchain. In a recent article, the development team behind the decentralized payments platform Coti (COTI) says that it has successfully upgraded the project to become a privacy-centric layer-2 (L2) for the second-largest digital asset by market cap. “Upgrading COTI […]

The post Low-Cap Altcoin Surges More Than 40% in 24 Hours Amid Efforts To Pivot to a Privacy-Centric Ethereum Layer-2 appeared first on The Daily Hodl.

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Enterprise blockchain Coti set to become Ethereum privacy-centric layer-2 in 2024

Coti will look to provide privacy-focused functionality to the Ethereum ecosystem as a new layer-2 protocol.

Enterprise-grade blockchain platform Coti is set to transition protocol to become a scalable, privacy-focused layer-2 on Ethereum in 2024.

An announcement shared with Cointelegraph outlines how Coti will shift from a standalone protocol to an Ethereum layer-2 to bring its privacy features to the broader ecosystem. Coti V2's features a cryptographic approach called garbled circuits, which allows transactions to be processed without exposing sensitive information and data.

Drawing from the field of multi-party computation (MPC), garbling protocols enable two or more parties to jointly compute a function while keeping both their inputs and intermediate variables private.

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Top Crypto Analyst Explains How Bitcoin (BTC) Can Keep Rising, Breaks Down Three Ethereum (ETH) Based Altcoins

Top Crypto Analyst Explains How Bitcoin (BTC) Can Keep Rising, Breaks Down Three Ethereum (ETH) Based Altcoins

A widely followed crypto analyst is highlighting a key price level king crypto Bitcoin (BTC) must break through to continue its upward trajectory. Pseudonymous crypto trader Rekt Capital tells their 335,600 Twitter followers that BTC must close the week above $23,744 to continue its upward trend. “BTC retest is now in progress Ultimately, a Weekly Close above […]

The post Top Crypto Analyst Explains How Bitcoin (BTC) Can Keep Rising, Breaks Down Three Ethereum (ETH) Based Altcoins appeared first on The Daily Hodl.

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New Cardano-Based Stablecoin DJED Quickly Attracts Over 27,000,000 ADA in Reserves

New Cardano-Based Stablecoin DJED Quickly Attracts Over 27,000,000 ADA in Reserves

A new decentralized stablecoin based on smart contract platform Cardano (ADA) is quickly gathering millions of ADA in its reserves. According to data from Djed (DJED), the new stablecoin has seen a parabolic rise in its reserve assets, leaving it overcollateralized as intended. The data shows that DJED has a 591% reserve ratio with just […]

The post New Cardano-Based Stablecoin DJED Quickly Attracts Over 27,000,000 ADA in Reserves appeared first on The Daily Hodl.

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Bitcoin Breakout Imminent? Analyst Says Key Price Point Will Be Pivotal, Tracks Path Ahead for Litecoin and Three Ethereum-Based Altcoins

Bitcoin Breakout Imminent? Analyst Says Key Price Point Will Be Pivotal, Tracks Path Ahead for Litecoin and Three Ethereum-Based Altcoins

A widely followed crypto analyst says that Bitcoin (BTC) could continue its uptrend as he keeps a close eye on Litecoin (LTC) and three Ethereum-based (ETH) altcoins. Pseudonymous trader Rekt Capital tells his 334,000 Twitter followers that he expects BTC to continue rising as long its dominance level successfully retests a key level. “A BTC […]

The post Bitcoin Breakout Imminent? Analyst Says Key Price Point Will Be Pivotal, Tracks Path Ahead for Litecoin and Three Ethereum-Based Altcoins appeared first on The Daily Hodl.

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New Cardano (ADA) Stablecoin Launch Revealed – Here’s When Djed Comes Out

New Cardano (ADA) Stablecoin Launch Revealed – Here’s When Djed Comes Out

The developers of Cardano’s (ADA) new stablecoin have revealed when the dollar-pegged crypto asset is slated to launch. In a new blog post, payments firm COTI says that Djed, Cardano’s new stablecoin, is scheduled to launch sometime next week. According to the developers, the only thing standing in the way of Djed’s launch is the […]

The post New Cardano (ADA) Stablecoin Launch Revealed – Here’s When Djed Comes Out appeared first on The Daily Hodl.

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DeFi Blockchain Behind Cardano’s New Djed Stablecoin Announces Successful Hard Fork and Updated Fees

DeFi Blockchain Behind Cardano’s New Djed Stablecoin Announces Successful Hard Fork and Updated Fees

The decentralized finance (DeFi) protocol behind Cardano’s (ADA) new stablecoin says that it has successfully updated its network. According to a recent blog post by COTI Network, the scalable layer-1 behind ADA’s upcoming Djed stablecoin, the update transitioned the blockchain to a multi-token network that now supports the creation of private payment networks. “The launch […]

The post DeFi Blockchain Behind Cardano’s New Djed Stablecoin Announces Successful Hard Fork and Updated Fees appeared first on The Daily Hodl.

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Cardano Stablecoin Project Set To Debut in January As the Ethereum Rival’s Ecosystem Develops

Cardano Stablecoin Project Set To Debut in January As the Ethereum Rival’s Ecosystem Develops

A decentralized finance (DeFi) stablecoin project is gearing up for its debut on the Cardano (ADA) blockchain early next year. In a new interview with Learn Cardano Podcast host Peter Bui, head of COTI (COTI) Shahaf Bar-Geffen lays out what’s ahead for the Djed stablecoin project starting in January. “We kind of like lay the […]

The post Cardano Stablecoin Project Set To Debut in January As the Ethereum Rival’s Ecosystem Develops appeared first on The Daily Hodl.

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Trading for ADX, BIT, CHR and More Starts June 9 – Deposit Now!

We’re thrilled to announce that Kraken now supports Ambire AdEx (ADX), BitDAO (BIT), Chromia (CHR), COTI (COTI), GensoKishi Metaverse (MV) and Alien Worlds (TLM), Terra Virtual Kolect (TVK)! Funding and Trading Funding is live, and trading will begin on June 9 at approximately 14:30 UTC.…

The post Trading for ADX, BIT, CHR and More Starts June 9 – Deposit Now! appeared first on Kraken Blog.

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