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Tracto(TRCT)

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? SAT
Market Cap (Rank#0)
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? BTC
Circulating Supply
26,913,041
Max Supply
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220 days agocryptodaily
El Salvador stronger after IMF warning not to adopt Bitcoin
When El Salvador adopted Bitcoin as legal tender two years ago, the IMF was scathing of the move, and warned of dire consequences. Two years later and El Salvador is flourishing. IMF against decentralisation Max Keiser, pro Bitcoin entrepreneur, now living in El Salvador, was interviewed on the Swan Bitcoin YouTube channel, where he gave his thoughts on the IMF and how El Salvador is on a much better path. Keiser started by saying that in his view the IMF was akin to a central bank, and that central banks do not like decentralised money, and that the IMF does not like the idea that El Salvador can adopt Bitcoin and decentralise itself away from the fiat monetary system. Years of US exploitation Keiser quoted John Perkin’s book “Confessions of an Economic Hitman” which tells of US-backed hitmen who he claims were out to instigate coups and topple governments. He said that the US always looked upon Latin America as its own “backyard” and that it was there to be controlled with the help of huge multinational corporations such as the United Fruit Company which heavily exploited the countries in which they were based. Keiser said that since Bitcoin came into being with its decentralised and sound money, it was putting central banks out of a business that has been perpetuated for 300 years and would end up making them extinct, and in the process also make the IMF irrelevant. El Salvador’s energy program One of the biggest excuses for detractors maligning Bitcoin is its heavy use of energy for its proof-of-work consensus. However, Keiser explained how El Salvador will use geothermal energy to supply the power for Bitcoin mining. Nevertheless, the lead time for developing such an infrastructure is around five years, therefore the country is developing its wind and solar plants to help fill in the gap until volcano power is fully harnessed and online. $1 billion was raised for this project, of which $250 million has already been allocated. Keiser talked of how in the future countries will compete to provide the Bitcoin hashrate, and how El Salvador was the only country in the world to have a pro-Bitcoin mining policy right now. The IMF and central banks across the world should be very worried. Financial technology has moved on and will leave all these legacy financial institutions in the dust of yesterday. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
220 days agocryptodaily
El Salvador stronger after IMF warning not to adopt Bitcoin
When El Salvador adopted Bitcoin as legal tender two years ago, the IMF was scathing of the move, and warned of dire consequences. Two years later and El Salvador is flourishing. IMF against decentralisation Max Keiser, pro Bitcoin entrepreneur, now living in El Salvador, was interviewed on the Swan Bitcoin YouTube channel, where he gave his thoughts on the IMF and how El Salvador is on a much better path. Keiser started by saying that in his view the IMF was akin to a central bank, and that central banks do not like decentralised money, and that the IMF does not like the idea that El Salvador can adopt Bitcoin and decentralise itself away from the fiat monetary system. Years of US exploitation Keiser quoted John Perkin’s book “Confessions of an Economic Hitman” which tells of US-backed hitmen who he claims were out to instigate coups and topple governments. He said that the US always looked upon Latin America as its own “backyard” and that it was there to be controlled with the help of huge multinational corporations such as the United Fruit Company which heavily exploited the countries in which they were based. Keiser said that since Bitcoin came into being with its decentralised and sound money, it was putting central banks out of a business that has been perpetuated for 300 years and would end up making them extinct, and in the process also make the IMF irrelevant. El Salvador’s energy program One of the biggest excuses for detractors maligning Bitcoin is its heavy use of energy for its proof-of-work consensus. However, Keiser explained how El Salvador will use geothermal energy to supply the power for Bitcoin mining. Nevertheless, the lead time for developing such an infrastructure is around five years, therefore the country is developing its wind and solar plants to help fill in the gap until volcano power is fully harnessed and online. $1 billion was raised for this project, of which $250 million has already been allocated. Keiser talked of how in the future countries will compete to provide the Bitcoin hashrate, and how El Salvador was the only country in the world to have a pro-Bitcoin mining policy right now. The IMF and central banks across the world should be very worried. Financial technology has moved on and will leave all these legacy financial institutions in the dust of yesterday. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
229 days agocryptodaily
Developers’ Commitment Shines As Uwerx Maintains Launch Momentum By Tackling Hack Challenge
Beyond its ground-breaking features, Uwerx's developers' agile methodology approach has significantly contributed to the project's success. They have been so committed to promoting Uwerx’s vision and purpose that investors and users could completely trust them and buy into the project. This was part of why the Uwerx launch was overwhelmingly successful, surpassing expectations and initial forecasts. The developers are back to work and ready to take Uwerx to the next level. However, they witnessed a setback as Uwerx was attacked. The team has yet again shown commitment by quickly and efficiently developing recovery strategies and plans. This article will detail the launch, updates, the hack, and Uwerx’s road to recovery. Uwerx’s Successful Launch: Developers Set To Renounce Smart Contract Ownership After so much anticipation, Uwerx finally launched on August 1, 2023. The launch was successful, as everyone wanted to become a WERX holder. Also, investors and users made tons of profits with all the bonuses that were up. The developers released updates on what to expect next from Uwerx as soon as the launch ended. Uwerx has finally deployed liquidity on Uniswap. The Uwerx Vault, which received positive feedback from 84% of the community, will soon be available as the smart contracts await a thorough audit. To show their commitment to Uwerx’s community, the developers immediately began the 25-year liquidity locking they promised to do once Uwerx launched. They are also ready to denounce smart contract ownership when Uwerx goes live on centralized exchanges. The team has submitted their applications to CoinMarketCap and CoinGecko to facilitate this. The team is working to ensure the Uwerx platform is completed immediately. They are working on the core functionality design, focusing on Freelancer, Client, and Agency Dashboards, Project Management, and Additional Settings Pages. Once this is finished, a Minimum Viable Product (MVP) with functions will be released to the community for testing. Based on the feedback obtained, they will proceed with the premium design. There will be a buyback campaign that will scale accordingly to provide support for Uwerx. It will happen weekly, although the dates and times will not be released to avoid anyone taking unfair advantage of the system. Uwerx Gets Exploited On August 2, Uwerx reported it got hacked, with the hacker stealing around $327,000. The attacker flash-loaned 20,000 ETH, which he swapped for 5,053,637 WERX. He then sent 4,429,817 WERX to the Uniswap pool. This amount was ten times the prior balance. Afterward, he used the skim() function of Uniswap with the address 0x00...1 as the “to” address. He also used the transfer function of the Uwerx contract, which first modifies a sender’s balance. Since the “to” address was a UniswapPoolAddress (0x00...1), an extra 1% of the initial amount was burned. As a result, there was an imbalance that the attacker took advantage of to gain 176 ETH ($327,000). Uwerx Maintains Momentum As It Sets To Relaunch Despite the hack, Uwerx continues to shine as it devises ways to tackle the hack and maintain its momentum. Once they noticed the hack, they immediately alerted SolidProof and InterFiNetwork, their auditors. Also, the team contacted PeckShieldAlert and SlowMist_Team directly on Twitter. The team began by putting out a white-hat bounty, stating the attacker should return 80% of the exploited funds and keep 20%. A new WERX will be relaunched, and its platform will have more robust security measures. As to the relaunch, there will be a new contract address, which will be released to the community soon. However, the contract address will be audited twice by reputable companies and once by an independent contractor. Due to a change in the contract address, the Uwerx Vault smart contracts are being altered, after which they will be audited before being released to the public. The new WERX will be deployed on the Polygon network instead of Uniswap, on which it is currently deployed. This will enable token holders to easily use WERX on the Uwerxplatform without having to bridge, and it will also lower gas fees. However, those who bought WERX on Uniswap will not be abandoned. The team has decided to airdrop the tokens at the end of the vesting period to ensure they still benefit. They also assure those who bought WERX during the presale that they are safe and will be unaffected by the relaunch. The new WERX will be deployed with more liquidity. To do this, the funds reserved for the buyback campaign will be directed to liquidity. Also, the team is proposing a no-burn tax and a sliding sell tax, of which 100% will be directed to liquidity. A poll is already up on Uwerx’s Twitter page and Telegram channel, asking the community if they support a sliding sell tax wholly directed to liquidity. Another poll also asks the community how long the vesting period should be. These polls will end on August 13, after which the development of the new WERX will commence on August 14. The team also welcomes feedback or opinions, which can be sent to [email protected]. Also, there will be press releases this week and another major announcement on August 21 to update the community on the new WERX development and plans for the relaunch. The Uwerx platform development is ongoing, and the team has completed certain sections like Settings, Security, Help Center, Login, Privacy Policy, Create Account, and Finished Payments. The WERX allocations will also be changed, and the new allocation is: ● Presale: 57% (427,500,000) ● User Performance Incentives: 6% (45,000,000) ● Liquidity Reserve: 14% (105,500,000) ● Marketing: 9% (67,500,000) ● Team Tokens: 6% (45,000,000) ● Partnership Incentives: 2% (15,000,000) ● Joining Incentives: 6% ( 45,000,000) At the end of the presale, 25,499,071 WERX will be burned. The airdrop and vesting schedules were shifted, and the new schedules have been released. Uwerx’s whitepaper will also be modified to reflect the ongoing changes. Uwerx is on to big things, and once the polls are concluded on August 13, the team will announce the specific details of the new WERX, as they are committed to launching it as soon as possible. Uwerx’s dedication throughout this period has been incredible. Their efforts in tackling this challenge have removed all forms of doubt and fear the community initially had. No wonder its community has continued to gather momentum, growing to over 2,500 Telegram members and 2,000 Twitter followers. Uwerx remains focused on its vision, which is to be a change in freelancing, and no matter what, it is resolved to achieve this purpose. So why not throw in your support? Be a part of this value-driven community by following the links below: Website: https://www.uwerx.network Telegram: https://t.me/uwerx_network Twitter: https://twitter.com/uwerx_network Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
229 days agocryptodaily
Developers’ Commitment Shines As Uwerx Maintains Launch Momentum By Tackling Hack Challenge
Beyond its ground-breaking features, Uwerx's developers' agile methodology approach has significantly contributed to the project's success. They have been so committed to promoting Uwerx’s vision and purpose that investors and users could completely trust them and buy into the project. This was part of why the Uwerx launch was overwhelmingly successful, surpassing expectations and initial forecasts. The developers are back to work and ready to take Uwerx to the next level. However, they witnessed a setback as Uwerx was attacked. The team has yet again shown commitment by quickly and efficiently developing recovery strategies and plans. This article will detail the launch, updates, the hack, and Uwerx’s road to recovery. Uwerx’s Successful Launch: Developers Set To Renounce Smart Contract Ownership After so much anticipation, Uwerx finally launched on August 1, 2023. The launch was successful, as everyone wanted to become a WERX holder. Also, investors and users made tons of profits with all the bonuses that were up. The developers released updates on what to expect next from Uwerx as soon as the launch ended. Uwerx has finally deployed liquidity on Uniswap. The Uwerx Vault, which received positive feedback from 84% of the community, will soon be available as the smart contracts await a thorough audit. To show their commitment to Uwerx’s community, the developers immediately began the 25-year liquidity locking they promised to do once Uwerx launched. They are also ready to denounce smart contract ownership when Uwerx goes live on centralized exchanges. The team has submitted their applications to CoinMarketCap and CoinGecko to facilitate this. The team is working to ensure the Uwerx platform is completed immediately. They are working on the core functionality design, focusing on Freelancer, Client, and Agency Dashboards, Project Management, and Additional Settings Pages. Once this is finished, a Minimum Viable Product (MVP) with functions will be released to the community for testing. Based on the feedback obtained, they will proceed with the premium design. There will be a buyback campaign that will scale accordingly to provide support for Uwerx. It will happen weekly, although the dates and times will not be released to avoid anyone taking unfair advantage of the system. Uwerx Gets Exploited On August 2, Uwerx reported it got hacked, with the hacker stealing around $327,000. The attacker flash-loaned 20,000 ETH, which he swapped for 5,053,637 WERX. He then sent 4,429,817 WERX to the Uniswap pool. This amount was ten times the prior balance. Afterward, he used the skim() function of Uniswap with the address 0x00...1 as the “to” address. He also used the transfer function of the Uwerx contract, which first modifies a sender’s balance. Since the “to” address was a UniswapPoolAddress (0x00...1), an extra 1% of the initial amount was burned. As a result, there was an imbalance that the attacker took advantage of to gain 176 ETH ($327,000). Uwerx Maintains Momentum As It Sets To Relaunch Despite the hack, Uwerx continues to shine as it devises ways to tackle the hack and maintain its momentum. Once they noticed the hack, they immediately alerted SolidProof and InterFiNetwork, their auditors. Also, the team contacted PeckShieldAlert and SlowMist_Team directly on Twitter. The team began by putting out a white-hat bounty, stating the attacker should return 80% of the exploited funds and keep 20%. A new WERX will be relaunched, and its platform will have more robust security measures. As to the relaunch, there will be a new contract address, which will be released to the community soon. However, the contract address will be audited twice by reputable companies and once by an independent contractor. Due to a change in the contract address, the Uwerx Vault smart contracts are being altered, after which they will be audited before being released to the public. The new WERX will be deployed on the Polygon network instead of Uniswap, on which it is currently deployed. This will enable token holders to easily use WERX on the Uwerxplatform without having to bridge, and it will also lower gas fees. However, those who bought WERX on Uniswap will not be abandoned. The team has decided to airdrop the tokens at the end of the vesting period to ensure they still benefit. They also assure those who bought WERX during the presale that they are safe and will be unaffected by the relaunch. The new WERX will be deployed with more liquidity. To do this, the funds reserved for the buyback campaign will be directed to liquidity. Also, the team is proposing a no-burn tax and a sliding sell tax, of which 100% will be directed to liquidity. A poll is already up on Uwerx’s Twitter page and Telegram channel, asking the community if they support a sliding sell tax wholly directed to liquidity. Another poll also asks the community how long the vesting period should be. These polls will end on August 13, after which the development of the new WERX will commence on August 14. The team also welcomes feedback or opinions, which can be sent to [email protected]. Also, there will be press releases this week and another major announcement on August 21 to update the community on the new WERX development and plans for the relaunch. The Uwerx platform development is ongoing, and the team has completed certain sections like Settings, Security, Help Center, Login, Privacy Policy, Create Account, and Finished Payments. The WERX allocations will also be changed, and the new allocation is: ● Presale: 57% (427,500,000) ● User Performance Incentives: 6% (45,000,000) ● Liquidity Reserve: 14% (105,500,000) ● Marketing: 9% (67,500,000) ● Team Tokens: 6% (45,000,000) ● Partnership Incentives: 2% (15,000,000) ● Joining Incentives: 6% ( 45,000,000) At the end of the presale, 25,499,071 WERX will be burned. The airdrop and vesting schedules were shifted, and the new schedules have been released. Uwerx’s whitepaper will also be modified to reflect the ongoing changes. Uwerx is on to big things, and once the polls are concluded on August 13, the team will announce the specific details of the new WERX, as they are committed to launching it as soon as possible. Uwerx’s dedication throughout this period has been incredible. Their efforts in tackling this challenge have removed all forms of doubt and fear the community initially had. No wonder its community has continued to gather momentum, growing to over 2,500 Telegram members and 2,000 Twitter followers. Uwerx remains focused on its vision, which is to be a change in freelancing, and no matter what, it is resolved to achieve this purpose. So why not throw in your support? Be a part of this value-driven community by following the links below: Website: https://www.uwerx.network Telegram: https://t.me/uwerx_network Twitter: https://twitter.com/uwerx_network Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
246 days agozycrypto
Singapore High Court Recognizes Crypto As Personal Property, Equates It To Fiat Money
Singapore’s High Court has ruled that crypto assets are considered property and can be held on trust in a case involving Seychelles-headquartered exchange Bybit and a former contractor.
253 days agocryptodaily
Kuwait applies blanket ban to crypto
Citing a recommendation by the Financial Assets Task Force (FATF), the Kuwaiti authorities have promulgated bans across a range of crypto activities. According to the Kuwaiti Capital Markets Authority, in a circular published on Monday, it has banned all crypto-related activities by companies, it has placed an absolute ban on all digital asset mining, and, into the bargain, has prohibited that crypto be recognised as a decentralised currency. The only exception to this are securities regulated by the central bank, or the Capital Markets Authority. "Securities regulated by the Central Bank of Kuwait and other securities and financial instruments regulated by the Capital Markets Authority are excluded from this prohibition," The Kuwaiti anti-crypto actions were purportedly taken in order to come into line with recommendations from the Financial Action Task Force (FATF), a global financial organisation that is obliging nation states to come into compliance for what it sees as anti money-laundering (AML) and terrorist financing threats. However, according to an article on Coindesk, the FATF has not asked countries to ban crypto. Be that as it may, this regulator holds much power, and not complying with its ‘recommendations’ can land a country onto the FATF blacklist. Opinion Some might argue that the FATF’s recommendations do more harm than good from an economic perspective. There are cases where banks pull out of lending to countries in poorer regions of the world because they fear the fines they can incur from the added difficulty of being able to adequately identify customers. Also, the cost of running the organisation should be measured against the costs of the illegal activity it is purportedly stopping. AML has now entered into almost every financial activity that a government can make, and the costs of compliance that all companies have to endure just to be able to go about their business can be a reason for concern. In Springer Link, under “Crime, Law and Social Change” author Mark. T. Nance goes into a deep dive on the FATF. In the introduction he asks the question as to how there can be an increase in illicit money at the same time as the “global governance regime” is getting bigger to fight it. He looks at the expert detractors of the FATF, and what they say makes interesting reading: “Detractors portray FATF as a faceless, unaccountable, de facto global regulatory agency run amok. On behalf of the interests of a few select states, it imposes regulations that are illegitimate and costly. For these critics, the Panama Papers are evidence that the rules are ineffective, to boot.” Banning an emerging technology in order to become compliant with an agency controlled by certain countries, with their own interests in mind is certainly a difficult call for Kuwait to make. Emerging technology has never been suppressed for long, therefore Kuwait may eventually see fit to reverse its decision. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
266 days agocryptodaily
BRICS nations summit in August will turn monetary system upside down
At the BRICS summit on August 22, a new currency is to be announced which will be pegged to commodities, and gold in particular. Central banks around the world bought almost 230 tons of gold in the first three months of this year, which is the most buying of gold in a single quarter that has ever been seen. Precious metals price suppression That the price of gold is still depressed perhaps bears testament to how the price of precious metals is being suppressed by the big commercial banks on the London Bullion Metals Exchange (LBMA) and the Commodities Exchange (COMEX). However, as the alleged price suppression continues, large entities are able to buy gold and silver at rock-bottom prices in preparation for a world where tangible resources are much more likely to be valued than fiat currencies printed out of thin air. The recent dumping of the gold and silver prices after huge shorting took place might be one of the western commercial banks’ last ditch attempts to keep both gold and silver from rocketing higher, which would have the potential to tear the heart out of the dollar. The BRICS nations The BRICS nations is the term for the original five countries that compose this trading block: China, Russia, India, Brazil, and South Africa. Saudi Arabia is among one of 25 other countries that are formally applying for membership of BRICS. The BRICS nations hold and produce a significant share of the world’s resources. China and Russia are the 6th and 7th biggest gold producers in the world, and Saudi Arabia and Russia are 2 of the 3 largest energy producers. With China, India, Brazil, and Russia, BRICS has 4 of the 7 largest countries in the world measured by land mass, and also 4 of the 9 largest populations. If 50% of the world’s wheat production is also put into the mix it can be seen that the BRICS nations have a massive amount of power and should they put up a rival reserve currency to the dollar they will need to be taken extremely seriously. Creation of a new bond market Some analysts and detractors might say that a BRICS reserve currency cannot really get off the ground without a deep and liquid bond market to underpin it. Be that as it may, renowned economist Jim Rickards has posited that this could be done if BRICS+ created a bond market in around 20 countries at the same time. With the massive population that the BRICS have, retail investors could be encouraged to buy the bonds, much like what happened with the Liberty Bonds, which were used in the US for the financing of the war in 1917. If all this should come to pass then the financial upheaval and turmoil in the West, where currency is based on nothing, has the potential to completely change the world order. There is not much time left for retail investors to protect themselves with gold, silver, and bitcoin. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
335 days agocryptopotato
AI Can Become Better Than Humans: Edward Snowden (Consensus 2023 LIVE)
Former NSA contractor Edward Snowden spoke at Consensus 2023 regarding the latest developments in artificial intelligence, and how it could be leveraged for both human flourishing and greater surveillance.  Snowden called out OpenAI’s “cruel joke” in branding itself with the name that it chose, given that it won’t provide open access to its training data. […]
335 days agocryptodaily
Bitcoin is the go-to currency as dollar slackens its grip
The US economy is sinking towards recession as GDP came in at only 1.1% for Q1. Bitcoin on the other hand is continuing its rise. Economic factors Probably the most important factor for economic well being is oil. Oil drives economies, and strong demand for it signals a healthy economy that is using oil to fuel its industrial base. However, in these current times, in spite of OPEC countries reducing their output, the price of oil is continuing to decrease as demand falters due to falling economic growth. In the US, GDP growth for Q1 dwindled to 1.1%. This was an unexpectedly sharp fall given that the projection had been for 2%. In addition, the fall was also dramatic given that GDP had been at 2.6% for Q4 of 2022. De-Dollarisation Another looming problem for the dollar is that de-dollarisation is happening. Other countries around the world are starting to move away from the dollar, probably due to its recent weaponisation by the US government, by imposing sanctions against any other country it does not agree with. Russia is using yuan for trade, Argentina will pay for Chinese imports in yuan, India is settling some trades in rupees, Brazil and China are deciding whether to not use the dollar in trades between them, and Saudi Arabia is considering accepting the yuan for oil exports to China. However, de-dollarisation will likely be a slow process, given that dollar exchange reserves are nearly twice those of the euro, yen, pound, and yuan combined, and this is the same as it was a decade ago. The dollar accounts for 58% of all central bank foreign exchange reserves and this will probably not change any time soon. Nevertheless, a wind of change has begun to blow, and the dollar hegemony is on the wane. Dollar still in control Notwithstanding, the dollar has been described as the least dirty shirt in the laundry. It has its issues and detractors, but it is still the world’s reserve currency, and all the other fiat currencies are much weaker. The Brics nations of Brazil, Russia, India, China, and South Africa, are said to be developing a new reserve currency that will be backed by real substance, such as commodities. The evil of CBDCs Be that as it may, fiat currencies all go to zero over time and this has been proved throughout history. The only last throw of the dice for those wishing to maintain complete control, is the imposition of central bank digital currencies (CBDCs). CBDCs would enable central banks to exert the kind of control that up to now could only be read about in science fiction books. CBDCs would give the power to micro manage an individual's account, including setting time limits on spending, deciding what can and can’t be bought, and even direct sanctions should the individual do something that was thought to be against the interests of the State. Be your own bank with Bitcoin Among all this morass of fiat currency misery there is still one asset that is outside of the grip of governments and central banks, and that is Bitcoin. Bitcoin is completely decentralised, cannot be taken away, and enables an individual to be their own bank. Banks are antiquated behemoths of a bygone age. They do not serve depositors given that they make the decision of who we can or can’t transact with, they provide no return when inflation is taken into account, and if enough depositors demand their money at one time, the bank will fail given that it holds almost no deposits due to zero fractional reserve. Bitcoin is cyclical, so history tells us that it does go up and down in price, sometimes quite wildly, but it is a nascent asset class and therefore it will take time for its volatility to subside. The main thing is that it is the people’s money, and it reduces the reliance people need to have on governments and the banks. As the evil of CBDCs approaches, it would be incumbent on all to do their best to research Bitcoin with a view to getting out of a crumbling and dangerous fiat monetary system. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
346 days agocryptodaily
BTC dominance fades - altcoin season?
With bitcoin taking a slight pull back and dominance looking ready to crash, is a short altcoin season in the offing? Crypto market in the red It’s a red day in the crypto market so far as bitcoin possibly makes its way down to the next support at around $29,000. Across the board the altcoins are bleeding, but BTC dominance is still dropping. The likelihood of a generous pull back for the entire crypto market is surely on the cards at some point. Bitcoin has bearish divergence in place on the daily RSI and is not looking like nullifying it as things go. Also, the Stochastic RSI has topped on the weekly time frame, so a major pull back looks as though it should be arriving, possibly in the next two or three weeks. Time for the alts? However, that does give the altcoins the potential chance to have a run in this intervening period. “Sell in May and go away” could be the age-old advice to follow, but we aren’t there yet. BTC dominance has hit the top of a range it has been in since May of 2021 and looks to be coming down, having lost a further 0.6% so far today. Losing the current level could see dominance come down quickly to 44%, and give the green light to the alts to make their run. The Total 3 Market Cap (market cap of all the altcoins minus BTC and ETH) is at a critical level. Currently at $400 billion, the breakthrough level is at $405 billion. If this level breaks then altcoins are looking good for that last surge. USDT dominance has seen a bounce today, taking into account the slides in BTC and the rest of the altcoins. However, it is at the last good support, and should the bounce not continue, a fairly vertiginous drop in USDT dominance down to 5.2% and perhaps even 4.8% could follow. Calls for a crypto correction Many analysts are calling for the crypto market to start its correction now, given some of the negative indicators, and the fact that BTC made nearly 100% gains since the beginning of the year. Crypto influencer and commentator Alex Becker is one of the detractors. In a recent tweet Becker suggested that there is not enough money in the sector to sustain the run. Seeing calls for alt season. 3 things people are forgetting.A) . The current BTC pump is all current cryptos/money that left altsB) Alts cannot pump sustainably if BTC is going downC) There is not enough $$ in OR entering the market to sustain BTC AND a alt season together — Alex Becker
2337 days agocryptodaily
The holy trinity of tech will lead us to the age of singularity!
Blockchain is the gateway to the new world order! With the exponential rise of cryptocurrencies, app tokens ,Initial coin offerings and disruptive blockchain technology, a paradigm shift has emerged in the field of venture investment. As the traditional type of economy is being disrupted money is rapidly flowing into cryptocurrencies, either for the speculative purposes, or more importantly for supporting projects that are built on decentralised platforms. Individual investors with little knowledge of cryptocurrency content do not want to be without exposure to undervalued digital assets. Cryptocurrencies are an evolving asset class which even it's detractors admit shouldn’t be overlooked by an investor over the long term willing to diversify its portfolio. Over the past decade passive funds have become the most popular investment vehicle for both institutional and individual investors in investment finance; however in the past when the equity hedgefund first arrived on the scene returns were astronomical . We believe the carefully selected initial coin offerings via the new world collective will become the next global phenomenon. The target group of investors consists of individuals who are involved in the cryptocurrency and cannot access top tier deals, or those individuals who want to diversify a small part of their assets into the new economy. It is expected rise of blockchain technology used in real businesses soon to deliver massive positive effects to the economy and our way of life .Undoubtedly such a revolution, although gradual, will not be overlooked by savvy institutional and high net worth investors. Lately the rise of crypto currency index funds weighted by market capitalization has emerged offering quick and easy access to family offices and sovereign wealth funds. Another emerging trend is managed crypto funds that are trading the major and more liquid altcoins and buying ICOs Amy hudge discounts and trading them accordingly. Too big to ignore! The current landscape has caused the current incubants of finance to take notice. Everyone from Goldman Sachs to IBM to Sony are starting to incorporate blockchain into their business. As time goes on and technology advances, the ability to scale on the blockchain will explode exponentially, sidechains, oracles and yet to be invested technologies will lead us to the the path of scalability with the likes of an Amazon or a Walmart launching their own crypto currency! Granted by scaling the blockchain we are most Likely making the blockchain more centralized. Only time will tell as no one can predict when the intersection of artificial intelligence, quantum computing software and blockchain technologies will trigger the holy trinity of tech and bring about the age of singularity. Disclaimer this article is for informational purposes only and does not constitute investment advice. Any one considering an investment in cryptocurrencies should consult their own financial advisor.
2337 days agocryptodaily
The holy trinity of tech will lead us to the age of singularity!
Blockchain is the gateway to the new world order! With the exponential rise of cryptocurrencies, app tokens ,Initial coin offerings and disruptive blockchain technology, a paradigm shift has emerged in the field of venture investment. As the traditional type of economy is being disrupted money is rapidly flowing into cryptocurrencies, either for the speculative purposes, or more importantly for supporting projects that are built on decentralised platforms. Individual investors with little knowledge of cryptocurrency content do not want to be without exposure to undervalued digital assets. Cryptocurrencies are an evolving asset class which even it's detractors admit shouldn’t be overlooked by an investor over the long term willing to diversify its portfolio. Over the past decade passive funds have become the most popular investment vehicle for both institutional and individual investors in investment finance; however in the past when the equity hedgefund first arrived on the scene returns were astronomical . We believe the carefully selected initial coin offerings via the new world collective will become the next global phenomenon. The target group of investors consists of individuals who are involved in the cryptocurrency and cannot access top tier deals, or those individuals who want to diversify a small part of their assets into the new economy. It is expected rise of blockchain technology used in real businesses soon to deliver massive positive effects to the economy and our way of life .Undoubtedly such a revolution, although gradual, will not be overlooked by savvy institutional and high net worth investors. Lately the rise of crypto currency index funds weighted by market capitalization has emerged offering quick and easy access to family offices and sovereign wealth funds. Another emerging trend is managed crypto funds that are trading the major and more liquid altcoins and buying ICOs Amy hudge discounts and trading them accordingly. Too big to ignore! The current landscape has caused the current incubants of finance to take notice. Everyone from Goldman Sachs to IBM to Sony are starting to incorporate blockchain into their business. As time goes on and technology advances, the ability to scale on the blockchain will explode exponentially, sidechains, oracles and yet to be invested technologies will lead us to the the path of scalability with the likes of an Amazon or a Walmart launching their own crypto currency! Granted by scaling the blockchain we are most Likely making the blockchain more centralized. Only time will tell as no one can predict when the intersection of artificial intelligence, quantum computing software and blockchain technologies will trigger the holy trinity of tech and bring about the age of singularity. Disclaimer this article is for informational purposes only and does not constitute investment advice. Any one considering an investment in cryptocurrencies should consult their own financial advisor.

About Tracto?

The live price of Tracto (TRCT) today is ? USD, and with the current circulating supply of Tracto at 26,913,041 TRCT, its market capitalization stands at ? USD. In the last 24 hours TRCT price has moved ? USD or 0.00% while ? USD worth of TRCT has been traded on various exchanges. The current valuation of TRCT puts it at #0 in cryptocurrency rankings based on market capitalization.

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Tracto Price? USD
Market Rank#0
Market Cap? USD
24h Volume? USD
Circulating Supply26,913,041 TRCT
Max SupplyNo data
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