Monthly Archives: Januar 2023

Revolutionize Digital Assets: Flag Media Launches Blockchain with Smart Contracts & More

• Flag Media is launching a new blockchain that features smart contracts, scalability, and a consensus mechanism to make it secure and resistant to attacks.
• Key features of the blockchain include a native wallet application, a bridge portal for seamless cross-chain transactions, an NFT marketplace, and a Flag Naming Service.
• This new blockchain will revolutionize the way we use and interact with digital assets, allowing for the creation of complex and dynamic digital assets that can be used in various ways.

Flag Media is set to launch a revolutionary blockchain that will revolutionize the way we use and interact with digital assets. This new blockchain will bring a host of features that will make it a powerful and secure tool for anyone looking to use digital assets.

The Flag blockchain will use smart contracts, which are self-executing contracts that are programmed to automatically execute certain actions when certain conditions are met. This will allow for the creation of complex and dynamic digital assets that can be used in various ways. Smart contracts will also enable users to create decentralized applications (DApps) on the blockchain.

The blockchain will also feature scalability, which will allow for a large number of transactions per second. This will make it suitable for high-volume use cases such as gaming and e-commerce, allowing for a more seamless user experience. Flag Media has also implemented a new consensus mechanism that will make the blockchain more secure and resistant to attacks. This will be achieved by using a unique combination of proof-of-stake and proof-of-work.

Flag’s native wallet application will be similar to MetaMask and will be available on iOS and Android devices, as well as in browser extensions. The blockchain will also feature a Bridge portal, allowing for seamless transactions between multiple blockchains. Moreover, the Flag blockchain will also have an NFT marketplace, the FlagScan block explorer, and the Flag Naming Service, which will function similarly to DNS services.

All of these features will come together to create a powerful and secure platform that will revolutionize the way we use and interact with digital assets. The Flag blockchain will enable users to create complex and dynamic digital assets that can be used in various ways, allowing for a more seamless user experience. With its scalability and consensus mechanism, Flag Media’s blockchain will be one of the most secure and reliable blockchains out there.

Dogecoin [DOGE] Rallies 37%, Fed Announcement Could Push Price to Record Highs

• Dogecoin [DOGE] rallied 37% from $0.06756 to $0.09266 in the new year, but the rally ended when Bitcoin [BTC] momentum slowed.
• The On Balance Volume (OBV) and Relative Strength Index (RSI) are both showing strong bullish momentum, which could push DOGE beyond the selling pressure zone and towards its December high of $0.10689.
• Long-term holders of DOGE cashed out recent gains around 12 January, but a favorable Fed announcement could bolster BTC and fuel further gains for the memecoin.

Dogecoin [DOGE] has been one of the biggest beneficiaries of the recent crypto market rally, with the memecoin surging 37% from $0.06756 to $0.09266 in the new year. The rally came as Bitcoin [BTC] pushed past the $20K mark, prompting altcoins to follow suit. However, the rally ended after the flagship crypto’s momentum slowed and dropped, dragging altcoins down with it.

At press time, DOGE had recovered from its slump and was trading at a critical selling pressure level. The sellers had managed to push DOGE back to the $0.08000 zone, but bulls could push through if the forthcoming Federal Reserve announcement triggers the market positively.

A look at the technical indicators revealed that the On Balance Volume (OBV) had risen since the beginning of the year, boosting buying pressure and DOGE prices. This was further confirmed by the Relative Strength Index (RSI), which was 61 at press time after retreating from the overbought zone and making a U-turn, showing strong bullish momentum. Therefore, bulls could attempt to go beyond the selling pressure zone and retest the overhead resistance at $0.09266.

However, a favorable Fed announcement could bolster BTC, pushing DOGE to aim at its December high of $0.10689, offering a 20% potential gain. The above bullish bias will be invalidated if bears push DOGE below the demand zone (green) around $0.08000. Such a downswing could find a steady hold at $0.07500.

Santiment data also revealed that long-term holders of DOGE cashed out recent gains around 12 January. The data showed that the memecoin’s rally saw them enjoy brief gains, with their net position dropping from +50% to +15%. However, if Bitcoin [BTC] rallies following the Fed announcement, it could fuel further gains for the memecoin and benefit long-term holders.

Luna Classic Set for 20% Rally: Can Terra Ecosystem Rebound?

• Terra’s Luna Classic (LUNC) has shown significant counter-trend strength in recent days and may be set up for a 20% rally.
• LUNC was at the center of the collapse of the Terra ecosystem in May last year, and its market capitalization has dropped from $1.5 billion to $0.9 billion since then.
• Transactions on the Terra 2.0 blockchain are validated through the proof-of-stake (PoS) consensus mechanism and the network has 130 validators working at a given point of time.

The price of Terra’s Luna Classic has been steadily increasing since the beginning of the year. In the past few weeks, the coin has shown remarkable counter-trend strength and may be set up for a 20% rally to challenge December’s monthly high. This is despite the fact that the coin has been heavily affected by the collapse of the Terra ecosystem in May last year as well as the collapse of the crypto exchange FTX in November last year.

In the wake of these events, Luna Classic’s market capitalization has dropped from $1.5 billion to $0.9 billion. Despite this, the coin is still considered to be a very eco-friendly token as transactions on the Terra 2.0 blockchain are validated through the proof-of-stake (PoS) consensus mechanism. The leading cryptocurrency, Ethereum, has also transitioned from a proof-of-work to a proof-of-stake mechanism, which has only made the competition among PoS blockchains tougher. At any given time, the network has 130 validators working on it.

The stability of Luna Classic is also important as it is pegged to a fiat currency such as the US Dollar or a supporting cryptocurrency. Terra USD (UST) was initially pegged to Luna Classic (LUNC- then, only LUNA). This is where the problem began as the cryptocurrency is in no way equivalent to gold reserves. As the prices of UNA got destabilized, it had an adverse effect on UST prices too, ultimately leading to the collapse of the entire stablecoin system in May 2022.

Given the current market conditions and the potential for a 20% rally in Luna Classic, investors and traders are keeping a close eye on the coin in the weeks to come. If the coin is able to maintain its counter-trend strength, it could be the start of a new and much-needed era of stability for the Terra ecosystem.

Fantom’s Gas Monetization Proposal Passes – Project Aims to Revive in 2023

• Fantom [FTM] announced a governance proposal to set up gas monetization for dApps on the 5th of January.
• 99.8% of the community voted in favor of the proposal, with the revenue being used to incentivize developers building on the Fantom network.
• Last week, Fantom’s co-founder Andre Cronje disclosed the project’s plans for 2023, which is hoped to be a next growth phase for the project.

Fantom [FTM], an open-source smart contract platform, has recently taken an important step in its 2023 roadmap with the announcement of a governance proposal designed to set up gas monetization for decentralized applications (dApps) on the network. On the 5th of January, the Fantom Foundation declared that 55.9% of its community voted to improve the network’s revenue.

The results from the process showed that an overwhelming majority of 99.8% voted in favor of the November 2022 proposal on the ballot, compared to the 0.1% who were in opposition. This acceptance is seen as a complement to the next phase of growth for the project, which has been on a downward trajectory in the first half of 2022.

The Fantom Foundation mentioned that the model would allow more developers to build on the Fantom network and act as a revenue source. According to the tweet posted by the layer-1 platform, “dApp gas monetization takes the framework of a revenue model that already works in Web2 (ad monetization) and adjusts it to incentivize developers building on the Fantom network. It is a powerful tool to attract and retain high-performing dApps.”

Last week, Fantom’s co-founder Andre Cronje revealed the project’s plans for 2023. With the implementation of the gas monetization for dApps, it is hoped that the project will be able to revive metric-wise and achieve its 2023 roadmap. The Fantom Foundation is optimistic that the proposal will help grow its revenue and attract more developers to the network.

However, whether Fantom will be able to actualize its 2023 roadmap remains to be seen. The project is currently relying on the implementation of the gas monetization model to incentivize developers and optimize its demand for block space. With the governance proposal now passed, it will be interesting to see how this decision will help shape the future of the project.