Top US-based crypto exchange platform Coinbase is adding three altcoin projects to its listing roadmap. Coinbase’s listing roadmap is a set of crypto projects that are on the path of possibly joining the exchange’s roster of supported assets. In a new announcement, Coinbase says it has updated its roadmap with the addition of Gnosis (GNO), […]
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During the early years of the cryptocurrency space, decentralized autonomous organizations (DAOs) and smart contracts were discussed in theory. Nowadays many people consider The DAO, launched in 2016 by members of the Slock.it development team, to be the first smart contract-based DAO. In 2022, there’s a lot more DAOs, as statistics show that $10 billion […]
GNO price notched a 50% gain after traders responded positively to the release of CowSwap token and the MEV-protection the protocol provides.
This week Gnosis (GNO) price notched a swift 50%+ rally after the project took another step forward in its transition to the Coincidence of Wants Procotol, or CoW, an interface that offers traders protection from miner extracted value (MEV).
Data from Cointelegraph Markets Pro and TradingView shows that the price of GNO has gained 86% over the past seven days, rising from a low of $308 on March 21 to an intraday high at $574 on March 28.
Three reasons for the rapid price increase for GNO are the release of the CowSwap (COW) token, which was airdropped to Gnosis holders, traders' appreciation of the MEV-protection offered by the protocol and the potential for GNO holders to receive additional airdrops in the future.
The most recent price surge appears primarily connected to the official release of COW, the native token of the CowSwap protocol which offers traders MEV-protection.
$COW token is finally expected to unlock around 3pm UTC today.
— DeFi Airdrops (@defi_airdrops) March 28, 2022
This will kick off a 12 week $COW liquidity mining program on @ethereum & @gnosis chain aginst $ETH and $GNO pairs.
On Ethereum $COW pool will be on @BalancerLabs & on gnosis chain it will be on @SwaprEth.
COW tokens were airdropped to GNO holders based on the number of tokens held or staked during a snapshot that was taken back in early January, with 5% of COW tokens going to GNO holders who could receive an extra 5% if they had locked their GNO tokens on the protocol for a period of one year.
At the time of writing, COW has been listed on Uniswap and is trading at a price of $1.35.
The main draw of the CowSwap protocol is the MEV-protections offered that can help traders get better terms on swaps and avoid being front run or the victim of a sandwich attack.
What Ethereum people call "Miner Extracted Value" is what Bitcoiners call a game theory fail.
— Brad Mills (@bradmillscan) July 14, 2021
MEV = willfully frontrunning transactions, paying higher fees to do flash loans, sandwich attacks, etc.
It's a mix between extortion, pickpocketing & perverse free market incentives.
Miner extracted value is a sort of “invisible” tax that occurs on the Ethereum (ETH) network where miners can increase their profitability by including, excluding or re-ordering transactions within the block they produce.
This feature allows miners to conduct certain exploits including front-running, back-running and transaction sandwiching, which help to increase profits at the expense of traders.
According to data from flashbots, more than $605 million in value has been extracted by miners using this process since January 2020 — a figure which CowSwap looks to help mitigate moving forward through its introduction of MEV protection.
Related: Gnosis (GNO) continues uptrend after vCOW airdrop and rebrand to CoW Protocol
A third factor helping to boost the demand for GNO is the prospect of additional airdrops coming to GNO holders and stakers.
This includes an allocation of the soon-to-be-released SAFE token for Gnosis Safe, a platform in the Gnosis ecosystem that is designed to securely manage digital assets.
According to data from Dune Analytics, there is currently more than $77 billion worth of value held in Gnosis Safe contracts, a substantial amount that hints at the amount of trust various depositors have in the protocol.
Documentation released by Gnosis Safe indicates that 20% of SAFE tokens will be distributed to the GNO community via direct distribution to GNO holders and a substantial deposit into the GnosisDAO treasury.
VORTECS™ data from Cointelegraph Markets Pro began to detect a bullish outlook for GNO on March 23, prior to the recent price rise.
The VORTECS™ Score, exclusive to Cointelegraph, is an algorithmic comparison of historical and current market conditions derived from a combination of data points including market sentiment, trading volume, recent price movements and Twitter activity.
As seen in the chart above, the VORTECS™ Score for GNO began to pick up on March 23 and hit a high of 78 around nine hours before the price increased 78% over the next four days.
The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.
Momentum for GNO builds as Gnosis rebrands to the Coincidence of Wants (CoW) Protocol and launches an airdrop for GNO stakers and validators.
Airdrops, going 'multi-chain' and massive multi-million dollar developer incentives were some of the key marketing and rebrand tactics blockchain projects used in 2021. This trend appears set to continue in 2022 and Gnosis (GNO) appears to be jumping on the bandwagon.
Data from Cointelegraph Markets Pro and TradingView shows that since hitting a low of $219 on Jan. 24, the price of GNO has put on a gain of 57% to hit a daily high of $351 on Feb. 14 as the Gnosis chain begins to make its mark in the decentralized finance sector.
Three reasons for the bullish reversal in GNO price include the protocol's rebrand to CoW protocol, the launch of several interesting proposals, including one that would burn a large portion of the circulating GNO supply and several major integrations that have helped increase the liquidity and access to the Gnosis ecosystem.
The most significant development for Gnosis in 2022 has been the protocol's rebrand to the Coincidence of Wants Protocol, also known as CoW.
The impetus behind the change was the rising popularity of CowSwap, a decentralized exchange that was the first interface built on Gnosis Protocol.
As part of the rebrand and full launch of CowSwap, GNO holders have the opportunity to lock their tokens on the protocol for one year in order to receive an airdrop of vested COW (vCOW) tokens, the native token on CowSwap.
The airdrop is also available to Gnosis Beacon Chain (GBC) validators and all airdrop participants will be qualified to receive future airdrops, such as the newly launched Gnosis Safe. GNO stakers will also be allowed to opt-in for liquid staking on Gnosis Chain once liquid staking becomes available.
A second factor helping stoke the momentum for GNO has been a number of proposals focused on bringing about big changes within the Gnosis ecosystem.
The most recent proposal submitted by the Gnosis team is designed to establish SafeDAO and launch a SAFE token that can be used to govern the Gnosis Safe ecosystem and infrastructure.
The proposal also seeks to set up an independent Safe Foundation in Switzerland that will protect strategic off-chain assets, issue a "SAFE" token and help grow the Gnosis Safe ecosystem.
There is also a proposal currently available for comment that asks the community if the GnosisDAO should burn 68% of the circulating supply of GNO to help improve the economics of the token and give more voting power to GNO holders.
Should the GnosisDAO burn 68% of the total GNO Supply?
— Karpatkey (@karpatkey) February 3, 2022
Leave your comment in this proposal!https://t.co/V8O72PRkGc@gnosisPM @gnosischain @GnosisGuild @gnosisSafe @MEVprotection
Related: 1inch Network expands to Avalanche and Gnosis Chain
A third reason for the increase in GNO price has been the expansion of the Gnosis ecosystem which has helped increase access to the GNO token as well as activity on the network.
Recent notable collaborations include integrations with the decentralized exchange aggregator 1inch and the private transaction protocol Tornado cash, while the protocol’s early December merger with xDAI helped establish the Gnosis Chain.
The Gnosis Chain ⛓ (formerly xDai Chain) journey begins!
— Gnosis Chain (@gnosischain) December 12, 2021
♻️ STAKE to GNO swap application now live on Ethereum and GC.
Details and Swap Link ➡️ https://t.co/m34tWgQUVx pic.twitter.com/a9JeMfYuUE
VORTECS™ data from Cointelegraph Markets Pro also began to detect a bullish outlook for GNO on Jan. 22, prior to the recent price rise.
The VORTECS™ Score, exclusive to Cointelegraph, is an algorithmic comparison of historical and current market conditions derived from a combination of data points including market sentiment, trading volume, recent price movements and Twitter activity.
As seen in the chart above, the VORTECS™ Score for GNO hit a high of 76 on Jan. 22, around 48 hours before the price began to increase 61% over the next two weeks.
The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.
The decentralized exchange aggregator said it hopes to offer users more options for low-costs, high-speed transactions.
The 1inch Network announced on Wednesday its plans to deploy the 1inch Aggregation Protocol on Avalanche and the 1inch Limit Order Protocol on Gnosis Chain, formerly known as the xDai Chain. In a statement shared with Cointelegraph, the 1inch Network expressed its aim to further expand its capabilities within the decentralized finance, or DeFi, industry.
1/ In life, we often have to choose between two options both of which may seem important to us.
— 1inch Network (@1inch) January 20, 2022
But what if we could go for both options at once? Sounds fantastic, doesn't it?
Well, nothing is impossible for #1inch...#DeFi #Avalanche #Gnosis pic.twitter.com/bwN9bBL5Br
“1inch’s main goal is to offer users the best deals across the blockchain space,” said Sergej Kunz, 1inch Network co-founder, adding that the expansion to Avalanche and Gnosis Chain "will offer 1inch users more options for cheap and fast transactions.”
Avalanche (AVAX) is a quickly growing cross-chain network whose TVL, according to DeFi Llama, stood at $10.4 billion at the time of publication. However, the AVAX token has been subject to vulnerability as part of the Multichain hack this week.
According to the statement, a number of protocols will be immediately available via 1inch on Avalanche, including 1inch Limit Order Protocol, Aave, Baguette, Canary Exchange, Pangolin, SushiSwap and Trader Joe.
Related: 1inch Network concludes $175M Series B led by Amber Group
Gnosis Chain (GNO) had a TVL of $21.5 billion at the time of publication, according to DeFi Llama. The largest DEX on Gnosis Chain is Curve v1, and other protocols immediately available on Gnosis include the 1inch Limit Order Protocol, Elk Finance, Honeyswap, Levinswap and SushiSwap.
UMA, LRC and GNO broke out on the heels of ETH hitting a new all-time high and BTC price trading above a key resistance.
Momentum in the cryptocurrency market is back on the rise on Nov. 8 after a solid rally from Bitcoin (BTC) placed its price back above $66,000 and Ether (ETH) hit a new all-time high at $4,793. The gains from the largest two cryptocurrencies helped to kick-start a market-wide rally that lifted the total cryptocurrency market cap above $3 trillion for the first time.
Unlike previous rallies where BTC made significant gains at the expense of the altcoin market, this time the majority of tokens in the top 200 are likewise in the green, with many projects seeing double-digit gains.
Data from Cointelegraph Markets Pro and TradingView shows that the biggest gainers over the past 24-hours were UMA, Loopring’s LRC and Gnosis’ GNO.
UMA, which stands for Universal Market Access, is a platform that specializes in the creation of synthetic assets on the Ethereum blockchain that are self-executing, self-enforcing financial contracts that allow counterparties to digitize and automate any real-world financial derivatives.
Data from Cointelegraph Markets Pro and TradingView shows that after hitting a low of $10.72 on Oct. 28, the price of UMA rallied 109% to a daily high at $22.44 on Nov. 7 as its 24-hour trading volume surged 1,329% to $943 million.
The sudden burst in trading volume and price growth for UMA came as the platform launched its "Across Protocol" layer-one-to-layer-two bridge on its mainnet in an effort to offer a fast, cheap, secure bridge for decentralized finance (DeFi) users.
Loopring is a zk-Rollups layer-two scaling solution for the Ethereum network that specializes in the creation of decentralized exchange (DEX) and payment protocols.
VORTECS™ data from Cointelegraph Markets Pro began to detect a bullish outlook for LRC on Nov. 5, prior to the recent price rise.
The VORTECS™ Score, exclusive to Cointelegraph, is an algorithmic comparison of historical and current market conditions derived from a combination of data points including market sentiment, trading volume, recent price movements and Twitter activity.
As seen in the chart above, the VORTECS™ Score for LRC climbed into the green on Nov. 4 and reached a high of 72 on Nov. 5, around five hours before the price increased 76% over the next three days.
The building momentum for Loopring comes as high fees on the Ethereum network continue to push users to explore lower-cost options, which led to a new record-high daily trading volume of $75 million on Loopring on Nov. 2.
Related: Ethereum back in price discovery as ETH approaches $5K
Gnosis is a protocol focused on building new market mechanisms for DeFi that allow users to securely create, trade and hold digital assets on the Ethereum network.
According to data from Cointelegraph Markets Pro, market conditions for GNO have been favorable for some time.
As seen in the chart above, the VORTECS™ Score for GNO has been elevated in the green zone for the past week and reached a high of 79 on Nov. 5, around 10 hours before the price increased 39.3% over the next two days.
The climbing price of GNO came as the protocol introduced Gnosis Improvement Proposal (GIP) 16, which proposes that Gnosis and the xDai communities should merge their tokens to develop the xDai blockchain under the name “Gnosis Chain.”
The overall cryptocurrency market capitalization now stands at $2.88 trillion, and Bitcoin’s dominance rate is 43.2%.
The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, and you should conduct your own research when making a decision.
Protocol upgrades and a new cross-chain Ethereum bridge back the rally in TLOS, GNO and ALPHA.
The wider crypto market has a wait-and-see feel to it on Aug. 25 as the price of Bitcoin (BTC) dipped to $47,360 before rebounding off the lower support of the ascending channel to reclaim the $48,000 level.
Despite the swift turnaround, analysts are still wary and well-known financial analyst John Bollinger warned investors that it might be a good time to secure some profit.
Several altcoins have managed to overcome the general market malaise to post double-digit gains on Wednesday as decentralized finance (DeFi) and nonfungible tokens (NFT) continue to push higher.
Data from Cointelegraph Markets Pro and TradingView shows that the biggest gainers over the past 24-hours were Telos (TLOS), Gnosis (GNO) and Alpha Finance Labs (ALPHA).
The top-performing token on the 24-hour chart was Telos, a scalable blockchain network created from EOSIO software with a focus on the creation of NFTs and smart contracts for decentralized finance, gaming and social media.
VORTECS™ data from Cointelegraph Markets Pro began to detect a bullish outlook for TLOS on Aug. 22, prior to the recent price rise.
The VORTECS™ Score, exclusive to Cointelegraph, is an algorithmic comparison of historic and current market conditions derived from a combination of data points including market sentiment, trading volume, recent price movements and Twitter activity.
As seen in the chart above, the VORTECS™ Score for TLOS began to shift positive on Aug. 22 and reached a high of 71 on Aug. 23, roughly nine hours before its price began to increase by 45% over the next two days.
Excitement for the project has been on the rise over the past week as the Telos network prepares to release its Ethereum Virtual Machine (EVM) which will enable the bridging of assets between the two protocols.
Gnosis continued to see strong demand as developers on the project turned their attention toward the creation of a decentralized autonomous organization (DAO) for its asset management system called Gnosis Safe.
According to data from Cointelegraph Markets Pro, market conditions for GNO have been favorable for some time.
As seen in the chart above, the VORTECS™ Score for GNO has been in the green for much of the past week and reached a high of 75 on Aug. 22, around eight hours before the price increased 52% over the next two days.
Related: Ethereum supply shock: Exchange ETH reserves continue to fall after a 26% drop in 2021
Alpha Finance Lab, a leverage-providing DeFi protocol, has been the third-biggest gainer on the 24-hour chart thanks in large part to the release of Alpha Homora V2 which includes a new ‘Minimal Function Mode’ designed specifically for leveraged yield farmers.
As seen in the chart above, the VORTECS™ Score for Alpha first turned green on Aug. 19 and climbed into the dark green zone to hit a high at 81 on Aug. 20. This was approximately 30 hours before ALPHA price increased 31% over the next three days.
The token also got a boost of momentum on Aug. 20 after ALPHA was selected as the Binance Launchpad project of the year for being the best performing project to come out of the exchange's incubator in 2021.
The overall cryptocurrency market cap now stands at $2.091 trillion and Bitcoin’s dominance rate is 43.8%.
The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.
GNO, WAX and IOST lead altcoins higher as Bitcoin’s rally to $50,000 signals that the bull market is back on track.
The bull market narrative has returned now that Bitcoin (BTC) price managed to briefly climb above $50,500 on August 23.
A handful of altcoins have also seen their prices charge higher as the momentum in the market continues to build. For many tokens, the price has been buoyed by new exchange listings and cross-protocol collaborations that have brought a new level of activity and attention to their ecosystems.
Data from Cointelegraph Markets Pro and TradingView shows that the biggest gainers over the past 24-hours were WAX (WAXP), Gnosis (GNO) and IOST (IOST).
The top performer on the 24-hour chart is WAX, a delegated proof-of-stake (DPoS) blockchain protocol that claims to offer the “world's most proven and eco-friendly blockchain for NFTs, video games and collectibles.”
Data from Cointelegraph Markets Pro and TradingView shows that after hitting a low of $0.161 on Aug. 19, the price of WAXP surged 242% to an intraday high at $0.55 on Aug. 23 as its 24-hour trading volume rose 21,756% to $2.24 billion.
According to the NewsQuakes™ alert system from Cointelegraph Markets Pro, the sudden spike in price came after Binance announced that it would list WAXP.
Gnosis, an Ethereum-based decentralized prediction market pushed higher after revealing that the team had joined the ZK Open Legal Working Group to create “legal clarity around the use of ZKPs to unleash their full potential for privacy and scaling applications.”
VORTECS™ data from Cointelegraph Markets Pro began to detect a bullish outlook for GNO on Aug. 19, prior to the recent price rise.
The VORTECS™ Score, exclusive to Cointelegraph, is an algorithmic comparison of historic and current market conditions derived from a combination of data points including market sentiment, trading volume, recent price movements and Twitter activity.
As seen in the chart above, the VORTECS™ Score for GNO has been elevated for some time and reached a high of 78 on Aug. 19, around 6 hours before its price increased by 26% over the next four days.
IOST is a decentralized blockchain network that utilizes a novel consensus protocol called “proof-of-believability” to validate transactions at a higher speed than competing networks.
VORTECS™ data from Cointelegraph Markets Pro began to detect a bullish outlook for IOST on Aug. 22, prior to the recent price rise.
As seen in the chart above, the VORTECS™ Score for IOST began to register green on Aug. 21 and climbed to a high of 72 on Aug. 22, around 8 hours before its price increased by 29%.
Activity for the blockchain has been on the rise thanks to an ongoing staking competition done in conjunction with Moonstake which offers a top prize of 15,500 IOST tokens.
The overall cryptocurrency market cap now stands at $2.139 trillion and Bitcoin’s dominance rate is 43.5%.
The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.
