Bitcoin Dominance Drop, OpenDAO Airdrop Record, South Korea against P2Es, Aave supports real-world guarantees by DailyCoin
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- It drops below $ 48,000 as the dominance drops below 40% before the $ 6 billion maturity, surpassing Bitcoin on Google (NASDAQ :).
- OpenDAO’s SOS Token sets a new market cap for Airdrop Token.
- South Korea has blocked P2E Games, Metaverse and NFT from earning 2021 national profits.
- Aave takes real-world assets as collateral, now the third largest DeFi protocol.
Bitcoin drops below $ 48,000 as dominance drops below $ 40,000 before $ 6 billion expires, Shiba Inu overtakes Bitcoin on Google
Bitcoin has been on the brink of its worst monthly decline since May. In the last 6 weeks, the price of Bitcoin has been steadily falling and another major drop in December has pushed the price of crypto below $ 48k again.
Bitcoin (BTC) 30-day price chart. Source: Tradingview
In the last 24 hours, the price of Bitcoin has dropped by 5% and is now selling at $ 47,488 at the time of writing. Sharp price declines Bitcoin’s dominance in the crypto market has dropped to less than 40%. Bitcoin’s dominance, which boasted more than 70% in January, is now only 38.1%.
The drop came on Friday when more than $ 129,800 worth of options were announced when new contracts appeared. Ahead of the expiration of the opportunity, bearish sentiment has reached Bitcoin investors with predictions indicating “maximum pain” for investors in the coming days.
Flipsider:
- The 2021 coin, Shiba Inu, has overtaken Bitcoin and in 2021 has become the most viewed crypto on Google.
OpenDAO’s SOS Token sets a new market cap for Airdrop Token
Diffuser token (NFT) traders received an early Christmas surprise on December 25 with OpenDAO (not to be confused with the protocol for stable currencies of the same name), a newly created autonomous decentralized organization (DAO), which began distributing free tokens to users. OpenSea.
While Airdrop tokens are not uncommon in cryptographic verse, SOS tokens have set a new record for winning. Within 24 hours of launch, OpenDAO’s SOS Token surpassed $ 320 trillion in market capital when the token reached an all-time high of $ 0.000009001.
OpenDAO’s SOS Token market capitalization. Source: CoinGecko
According to OpenDAO, the goal of the project and its SOS token is to “honor, protect, and promote” the NFT community. Of the 100 trillion SOS tokens, 50% will be aired to OpenSea users who transacted in OpenSea before December 23rd. 63.6 trillion SOS tokens have already been claimed.
Flipsider:
- After a rough start, SOS has cooled, with a market capitalization of about $ 182.2 million.
Since the launch of the OpenDAO (SOS) price chart. Source: CMC
Why you should care
Experts have warned investors to be careful, even if it is a perfect start, as the project has no clear roadmap and no recognizable goals.
South Korea to block P2E Games, Metaverse and NFTs to lead to 2021 national profit
South Korea has resorted to P2E (win-win) games, through which players can make money, as it seeks to establish itself as the world’s leading cryptocurrency regulator. However, while P2Es are gaining worldwide popularity, they would be banned by the South Korean government.
The Gaming Management Committee has asked global application market operators, such as Google and Apple (NASDAQ :), to block the registration of games that require in-app purchases before users can play. This is in line with GMC’s assessments of age after repression of P2E games.
Flipsider:
- Despite the crackdown on P2E in South Korea, six of the top 10 stocks in the nation in 2021 are linked to metabersion or NFT.
- ‘Wemade Max Co.’ Blockchain game developer is the way to go, as its shares gained 1,500% in 2021.
Why you should care
Despite toughening regulations, cryptocurrencies are legal in South Korea – an example that many countries want to pursue in 2022.
Aave will accept real-world assets as collateral, now the third largest DeFi protocol
Despite the undeniable growth of decentralized finance (DeFi) protocols, the sector remains closely linked to cryptocurrencies. As a rule, separate from the DeFi protocol, Aave will allow users to place real-world assets as collateral for loans.
On December 28, Aave announced the centrifuge to assist in the tokenization of assets such as freight bills, bridge loans and trade receivables. Once these assets are tokenized, the owners can use them as collateral for Aave’s loans.
The list of services is not the only thing that expands in Aaven. Last week, Aave’s earnings, which were added to the Swiss SEBA Bank as a whitelist, pushed the total value locked into the project to more than $ 12.1 billion.
AAVE 1-year TVL board. Source: DappRadar
According to DappRadar, Aave DeFi is now the biggest project. In the last 7 days, the number of new addresses has increased by 37.12% and the number of active addresses by 18.01%.
Flipsider:
- Signs of the governance of the AAVE project are experiencing a sharp decline. In the last 24 hours, AAVE has fallen by more than 13.50%.
Why you should care
The inclusion of real-world assets in the DeFi protocol shows a range of use cases of the DeFi protocols, which have the potential to facilitate real-world change.
MAGAZINE WOMAN
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