Track market-moving stories before they get noisy

Solana TVL Just Hit a 5-Week High: Should Traders Pay Attention?

Binance announced the delisting of OMG Network, NEM and Waves coins on June 17, 2024. The exchange will end support for withdrawals on September 17. Binance has announced the delisting of four altcoins, news that has seen the said tokens nosedive amid market reaction.

The exchange notified the crypto community of the impending delisting on Monday, June 3, with OMG Network price falling sharply alongside that of the other tokens.

Binance delists XEM, OMG and WAVES According to Binance, trading support for the four altcoins will cease on June 17, 2024, at 03:00 (UTC). Specifically, the exchange will end support for spot trading pairs for OMG Network, NEM, Waves and Wrapped NXM.

The action against the four cryptocurrencies follows internal reviews that target adherence to industry standards and requirements.

“When a coin or token no longer meets these standards or the industry landscape changes, we conduct a more in-depth review and potentially delist it. Our priority is to ensure the best services and protections for our users while continuing to adapt to evolving market dynamics,” the exchange wrote in the announcement.

Per the notice, reviews involve factors such as team’s commitment to the project, development activity, trading volume and liquidity and network security.

Binance also regularly reviews projects in terms of their smart contract stability, level of public communication and new regulatory requirements among other factors.

Key details According to the exchange, the trading pairs to be removed include MG/USDT, WAVES/BTC, WAVES/ETH, WAVES/TRY, WAVES/USDT, WNXM/USDT, and XEM/USDT.

Withdrawals will halt on September 17, 2024 at 03:00 (UTC).

Binance has previously announced delistings for tokens such as Monero (XMR), Aragon (ANT) and Multichain (MULTI) based on such due diligence.

OMG, XEM and WAVES tumble OMG Network, (OMG), Waves (WAVES), NEM (XEM) and Wrapped NXM (WNXM) are all down as the altcoins tumble amid the major announcement from Binance.

According to data from CoinGecko, OMG Network price was down 27% to near $0.50, while NEM traded 30% down at $0.025. Meanwhile, WAVES, which traded at highs of $4.81 in mid-March, was down 27% to around $1.70.

Wrapped NXM slipped nearly 5% after the news to hit $80.75 at the time of writing.

Can XRP Price Survive the $1.30 Threat Before March Ends?

Litecoin is showing signs of a potential breakout, as its current price structure suggests the formation of an ending diagonal, a pattern often observed near the end of a correction. With the market nearing a critical level, a confirmed move above resistance could signal the start of a new bullish phase. 

LTC Forms Potential Reversal Structure On 4H Chart Providing an updated outlook for Litecoin (LTC) on the 4-hour timeframe, Elliott Waves Academy noted that recent price action is starting to exhibit signs of a potential reversal. The current structure suggests that the market may be transitioning out of a prolonged corrective phase, with momentum gradually shifting as the pattern matures.

According to the analysis, LTC appears to be forming an ending diagonal pattern, representing wave (C) within a broader flat correction. This type of formation typically appears in the final stages of a correction, suggesting that the overall corrective move may be nearing completion.

Source: Chart from Elliott Waves Academy on X A decisive move higher will be key in confirming this outlook. If price manages to break above a critical resistance level and push through the upper boundary of the diagonal structure, it would significantly strengthen the bullish case. Such a breakout could trigger the beginning of a new impulsive wave, potentially driving Litecoin toward a new high, with projected targets aligning around the 100% extension of the previous wave’s length.

However, the strength and sustainability of this potential rally will depend on broader market conditions and the level of buying momentum that follows the breakout. Continued demand and strong follow-through will be essential to validate the bullish scenario, while any failure to maintain upward pressure could delay or weaken the anticipated move.

Factors Supporting This Scenario The analyst went on to highlight several key factors supporting this outlook, starting with the development of a diagonal structure identified as wave (C) within a broader wave X. This placement within the larger corrective framework suggests that the market is likely approaching the final phase of its correction, where exhaustion typically begins to set in.

Another important factor is the presence of a well-defined reversal pattern forming near the lower boundary of the structure. Price action in this region shows signs of stabilization, indicating that momentum is shifting and selling pressure may be weakening.

The analyst also emphasized that the overall behavior of the current corrective structure aligns with the expected completion of a diagonal pattern. The way price is unfolding, marked by overlapping waves and slowing momentum, fits the characteristics commonly seen in ending formations. Taken together, these signals strengthen the case that the correction may soon conclude, potentially opening the door for a bullish reversal.

LTC trading at $54 on the 1D chart | Source: LTCUSDT on Tradingview.com Featured image from Adobe Stock, chart from Tradingview.com

XRP price today sits near $1.34, barely changed over 30 days, down just 2.5%. Yet a shift in who holds XRP (XRP) supply suggests the freeze may not last much longer.

On-chain data reveals the token’s least convinced holders have exited while two whale cohorts added 130 million tokens. With price compressed inside a falling channel, XRP technical analysis points to a convergence that could finally force a direction.

A Falling Channel Keeps Price Frozen Below Key ResistanceXRP price has traded inside a falling channel on the 8-hour chart since its March 17 peak near $1.60. Every attempt to escape since then has failed at the same ceiling.

The most recent rejection came on April 7 and 8. XRP reclaimed the 20-period and 50-period Exponential Moving Averages (EMA), trend indicators that weight recent price moves more heavily. However, the 100-period EMA rejected the advance cleanly.

That level carries weight. Around March 15, XRP reclaimed the 100 EMA and it triggered another 11% rally to the $1.60 high. The same EMA now aligns with the channel’s upper trendline, creating a double XRP resistance wall.

Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here.

XRP Falling Channel: TradingViewBeInCrypto recently covered a similar setup in Zcash. The token broke above its own falling channel and surged higher. XRP price prediction models suggest a comparable move is possible if this resistance falls.

Yet an EMA alone does not confirm buyer conviction. The answer lies in who is accumulating and who is walking away.

Weakest Holders Walk Out as XRP Whale Accumulation BuildsGlassnode data shows that speculative money is draining from XRP. The 1-day to 1-week HODL Waves cohort tracks the share of supply held by the newest holders. It peaked at 1.45% on April 4. That reading has since collapsed to 0.684%.

More than half of this short-term supply exited in under a week. In isolation, that looks bearish. Yet these are the holders who typically sell into every bounce and kill rallies before they start. Their exit may actually be clearing the noise.

HODL Waves Speculative Exit: GlassnodeMeanwhile, XRP whale accumulation has picked up from two separate cohorts. Santiment data shows the 1 billion-plus XRP cohort grew from 25.80 billion to 25.83 billion tokens since April 6. The 10 million to 100 million cohort followed a day later, rising from 11.31 billion to 11.41 billion. Together, both groups added roughly 130 million XRP, and only after the speculative traders started selling.

XRP Whale Accumulation: SantimentHowever, the buying remains gradual. A Glassnode cost basis heatmap reveals roughly 420 million XRP sitting in a supply cluster directly overhead, between $1.37 and $1.38.

XRP Supply Cluster Heatmap: GlassnodeIf that cluster’s holders begin selling into strength, whale buying alone may not crack through. The price chart reveals exactly where that wall sits.

XRP Price Levels That Decide Whether the Freeze BreaksThe 8-hour Fibonacci chart maps the convergence zone. The immediate levels are $1.35 ($1.349 to be precise) and $1.36. Reclaiming and holding both would be the first sign of life.

However, $1.38 is where the freeze lives or dies. The 100-period EMA, the channel’s upper trendline, and the 420 million XRP supply cluster all converge at that level. A clean close above $1.380 would confirm the XRP breakout. It would clear the channel, the EMA, and the supply wall simultaneously. Targets then open at $1.43, $1.51, and the March 17 high of $1.60.

Yet failure to reclaim $1.35 would keep XRP price frozen inside the channel. In that scenario, $1.32 becomes the next XRP support level at risk. A deeper breakdown exposes $1.28 ($1.279 to be exact), where buyer interest has previously held.

XRP Price Analysis: TradingViewThe 30-day freeze has compressed volatility to a breaking point. A close above $1.38 favors the whale thesis and opens a path toward $1.60. A rejection sends XRP back toward $1.28 and turns the freeze into a deeper slide.

Bitcoin Hodlers Add 10% as BTC Lines Up a Run to $90,000

A crypto expert has highlighted a recurring pattern on the Dogecoin (DOGE) price chart that led to its historical 2020 price rally. At the time, the DOGE price had skyrocketed by more than 26,000%, turning many early investors into millionaires in just a few months. Now, with the current chart structure repeating the same pattern, the analyst believes that Dogecoin may be preparing for another historic rally, this time to a $2 price target.

Dogecoin Price Repeats Historic 2021 Bull Run Pattern In one of his latest Dogecoin analyses on X, market analyst Crypto Patel stated that DOGE is currently sitting within the same strong accumulation zone from 2021 that sent its price to an all-time high. He marked this zone at around $0.10, noting that Dogecoin traded around this level before jumping over 26,834% to $0.74 in the previous bull run. 

Crypto Patel noted that during that time, tweets from SpaceX and Tesla CEO, Elon Musk, had acted as a major catalyst to the meme coin’s upward price action. With renewed attention on Dogecoin, the analyst now believes that the fractal pattern from that past bull market is repeating in this cycle. 

He noted that the bull run between 2020 and 2022 had moved through Waves 1 to 5, with significant price fluctuations before finally peaking in the last wave. In his accompanying chart, Crypto Patel showed that in Wave 1, Dogecoin experienced its first breakout before jumping again to a new high in Wave 2. This bull run continued, with Waves 3, 4, and 5 all showing price moving higher before the peak finally triggered a bearish downtrend. 

Source: Chart from Crypto Patel on X Fast forward to the current cycle, Crypto Patel’s chart shows the market mirroring the same moves. Around 2024, Dogecoin experienced two breakouts similar to those in the previous cycle. After the second breakout, the price retested the former lows before experiencing another strong rally, marking Wave 3. 

Based on Crypto Patel’s analysis, the market is currently in Wave 4, following months of significant volatility and price declines. If history repeats, the analyst predicts Dogecoin could see another parabolic rally soon. His chart points to an upper price target around $2.0, representing a more than 2,767% rally from the current accumulation zone between $0.07 and $0.10.  

Dogecoin Whale Activity Surges Alongside Price While analysts maintain their bullish stance on Dogecoin, the meme coin is also seeing a surge in whale activity and price. Recent data shows that whales are accumulating Dogecoin in droves. 

A crypto analyst, Mando CT, reported that whale wallets holding DOGE have reached a new all-time high of 108.52 billion tokens valued at approximately $11.6 billion. He noted that large-holder activity has also spiked to its highest level in six months, reflecting renewed interest and demand for the meme coin. At the same time, CoinMarketCap data reveals that the DOGE price has risen by more than 3.4% in the last 24 hours, fueled by Bitcoin’s recent reclaim of the $80,000 level. 

DOGE trading at $0.11 on the 1D chart | Source: DOGEUSDT on Tradingview.com Featured image from iStock, chart from Tradingview.com

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Analyst: Micron’s financial report indicates short-term fluctuations can be ignored as long as earnings prospects underpin its high valuation.

Senior Market Analyst Daniela Hathorn stated, "As Micron Technology's earnings report once again confirms that the AI investment cycle remains solid, the U.S. stock market has recouped some of its losses. This has boosted market sentiment across the entire semiconductor sector—after high-growth individual stocks underperformed earlier—indicating that as long as profit prospects continue to support high valuations, investors are still willing to overlook short-term fluctuations."

3 minutes ago

Circle partners with Nomura Securities to enter the Japanese yen foreign exchange settlement service market.

Stablecoin issuer Circle plans to collaborate with Nomura Securities to launch instant foreign currency settlement for Japanese corporate clients as early as 2027. The initiative will enable large cross-border transactions to be completed immediately, aiming to boost cross-border investment and trade. This will mark the first entry of a major stablecoin issuer into Japan’s corporate transaction market, allowing companies to convert yen into US dollar-denominated stablecoins for investment and instant transfers.

3 minutes ago

Institutions' Preview: Overview of US May Core PCE Price Index Monthly Rate

The US May core Personal Consumption Expenditures (PCE) Price Index monthly rate will be released tonight at 20:30 (UTC+8). Below are the forecasts from multiple institutions: Sumitomo Mitsui Banking Corporation: 0.2%; Royal Bank of Canada: 0.2%; JPMorgan Chase: 0.3%; Goldman Sachs Group: 0.3%; Bank of Montreal: 0.3%; Moody's Corporation: 0.3%; Standard Chartered: 0.3%; UniCredit: 0.3%; ING Group: 0.3%; HSBC Holdings: 0.3%; BNP Paribas: 0.4%; Wells Fargo: 0.4%; Capital Economics: 0.4%; Citigroup: 0.4%; Deutsche Bank: 0.4%; Nomura Securities: 0.4%; Pantheon Macroeconomics: 0.4%; Société Générale: 0.4%; Scotiabank: 0.4%; Morgan Stanley: 0.4%

3 minutes ago

DA Davidson Raises Micron’s Price Target to $2,000, Retains Buy Rating

U.S. investment bank DA Davidson released a research note stating that Micron Technology has entered a new phase with one of the best performance visibility in the semiconductor industry, a stark contrast to its past standing in the sector. Driven by another quarter of results that handily exceeded expectations and positive forward guidance, Micron’s stock price surged sharply. These signals indicate that the current memory chip boom cycle is far from over. While the company is ramping up capacity investments (with capital expenditure (CAPEX) projected to hit $10 billion in the fourth quarter of fiscal 2026, which will bring additional supply), management expects the memory market to remain tight on supply and demand at least through 2027. Against this backdrop, DA Davidson reiterated its "Buy" rating on Micron and raised its price target from $1,500 to $2,000, equivalent to a 20x price-to-earnings (P/E) ratio based on the company’s 2026 calendar year expected earnings per share (EPS).

3 minutes ago

Morgan Stanley raises Micron's price target to $1,200, maintains 'Overweight' rating.

Morgan Stanley released a report raising Micron Technology (MU.O)’s price target from $1,050 to $1,200, while maintaining an "Overweight" rating. The investment bank lifted its fiscal 2027 earnings per share (EPS) forecast for the chipmaker by roughly 40% to $168, and upgraded its free cash flow (FCF) projection from $104 billion to $140 billion. Aligning with Micron’s management, the bank holds that AI will push DRAM demand to consistently outpace supply significantly after 2027. Micron’s last fiscal quarter results matched this trend, with both its quarterly performance and outlook showing notable upside potential.

3 minutes ago

Posted: March 29, 2020

With the collective cryptocurrency market trading sideways, altcoins are moving helter-skelter. Ethereum, Waves and Augur, three diverse altcoins have moved in different directions, one is is yet to recover, another is trending upwards, while the third is trading flat.

Ethereum 

The leading altcoin in the market saw increasing decoupling from Bitcoin earlier in the year, but now the push-and-pull with the leading cryptocurrency is back. Ether, posting a market cap of $14 .1 billion, is trading with a narrow increasingly downward sloping wedge, formed as a consequence of the infamous March 12 drop, when Bitcoin lost almost half its value.

Resistance, for the altcoin, lies quite high at $141, while the press time price was $129. Looking down, the altcoin finds support, closer to its market price at $125.4, which is where the lower bottom of the wedge lies.

Bollinger Bands for Ethereum posit an increase in volatility as the bands are moving further apart. Given that in the last two hours the candlesticks have turned red, the average is now intersecting with the price, if it moves above the price, bearish woes lie ahead.

Augur

Augur, unlike its contemporaries, is trading in an upwards channel, with the price rising since the beginning of the previous week. Owing to the March 12 collapse, Augur had lost almost a third of its value, falling to a low of $7.86. Since then, the upwards channel has pushed the coin as high as $9.86, its press time price.

Since hitting the support of $7.64, the altcoin has seen bullish pulls, allowing it to break resistance after resistance, flipping it into support levels. Two such levels can be charted at $8.24 and $9.54, respectively. Despite the fall on 27 March, REP has managed to steer clear of the drop below the latter support, and now is striving to trade within the upward channel.

MACD line for REP has moved below 0 and has dipped below the Signal line indicating bearish pressures. With the upward channel’s lower-bound trend line close to the price, the coin will face a struggle going forward.

Waves

The Waves platform cryptocurrency, has seen a roller coaster ride since the beginning of 2020, and now is right back to where it started. Since breaking $1 and then $1.5 in February and March, the coin went down with the Bitcoin drop, losing almost 40 percent of its value, and is now trading at $0.815.

Support lines lie at $0.789 and $0.726, while a short term resistance line is present above at $0.962, with the price firmly in between. Since the March 12 drop, the altcoin has seen a visible, albeit weak, upward channel, which is looking to alter given the dropping price since March 27.

RSI for the Waves platform cryptocurrency has been dropping since mid-February, indicating a surging selling pressure, and now is at 40.74 a marginal recovery from 33.9 where it stood on March 14.

The Komodo platform is many things – a unique blockchain, a coin that pays interest, a decentralized exchange, a development blockchain with many additional features being planned for the future.

The Komodo blockchain is a fork of the ZCash blockchain, which itself was forked from the Bitcoin blockchain, making Komodo a descendent of Bitcoin. It includes the zk-snark technology that Zcash was built upon, and adds a delayed proof of work consensus algorithm to make Komodo more robust and secure.

The ultimate goal of Komodo is to create an entire ecosystem comprised of diverse partnerships that will send the platform forward into the future. Because it was designed to be used by developers of any level and in any industry it is extremely versatile.

In this comprehensive review, I will give you everything that you need to know about the Komodo platform.

How Komodo WorksThose doing development on the Komodo platform are not building onto the blockchain, but are instead building their own standalone blockchains. It’s not a fork or sidechain, and the Komodo platform doesn’t act as a parent to the new blockchain.

Each project is an independent blockchain that becomes connected to the Komodo ecosystem. This is crucial because the fact that each blockchain is independent means that future development won’t be limited by Komodo in any way.

Benefits of the Komodo Platform

Komodo was also designed from the ground up as a modular ecosystem. This allows developers to choose which technologies they wish to use in their own projects.

Perhaps most importantly, Komodo was developed with security as a top priority. In addition to using the Zcash zk-snark protocols for anonymity and privacy, Komodo uses a delayed proof of work (PoW) protocol to provide Bitcoin level security to even the smallest blockchains and projects. As stated on the Komodo website itself:

Komodo’s innovative dPOW (delayed proof of work) provides a security layer that creates backups of your blockchain’s data and notarizes it to Bitcoin’s blockchain, providing even the smallest of blockchains with Bitcoin-level security.

In essence, Komodo is using Bitcoin’s hashrate to ensure immutability for the Komodo blockchain.

Komodo PrivacyKomodo was created as a form of the Zcash blockchain, using their technology known as ‘Zero Knowledge Proofs’. This technology allows each transaction on the blockchain to be 100% anonymous or as transparent as necessary given the requirements of each situation.

Anonymous transactions are important to many users because they hide the amount, sender and recipient of the transaction, but still make it possible for miners to verify that the transaction is valid and without any double-spending. Alternatively transactions can be left transparent, in which case information shows just as it would for a Bitcoin transaction.

Anonymous transactions help protect user privacy, but they provide a more important function, and that is to preserve fungibility, which is a basic requirement for any currency.

Komodo SecurityAfter including privacy by forming from Zcash, the developers of Komodo provided for enhanced security of the blockchain in a unique manner. They created a proof of work token, but modified it to be Delayed Proof of Work, allowing it to recycle Bitcoin’s hashrate to ensure immutability of Komodo’s blockchain.

Komodo does this by using 64 “notary nodes” that work to notarize blocks in the Bitcoin blockchain. This provides protection for Komodo because an attacker would have to alter both the block in the Komodo blockchain and the block in the Bitcoin blockchain.

Steps in the Komodo Delayed Proof of Work

As long as the Bitcoin blockchain is secure, so too will Komodo – and all the other blockchains built using Komodo – remain secure.

This mechanism can now be used by any cryptocurrency that wishes enhanced security. By using Komodo the new blockchains are connected to Bitcoin, benefiting from the security of the Bitcoin blockchain, while also saving on transaction costs.

Komodo TeamThe Komodo project is based on anonymity, so it comes as no surprise that many of the Komodo team members initially chose not to reveal their identity. The founder and one core developer of Komodo went by the moniker JL777, but is now known as James ‘JL777’ Lee.

The CTO of the project was known as CA333, but we now know him as Kadan Stadelmann. This increased transparency has come about as Komodo grows in size and scope and is attracting more investors.

The full team is now nearly 30 members spanning leadership, development, marketing, and community development. And speaking of community, there are numerous contributors from the community, both developers and community outreach ambassadors.

Some of the Komodo Team Members

Currently, the general manager of Komodo is Ben Fairbanks, who is also the founder and CEO of RedFOX Labs, an incubator that is helping to launch Komodo based companies in emerging markets. Prior to joining Komodo and launching RedFOX, he served as COO at the ride-hailing service Grab. He brings extensive business and marketing experience to the project.

The CTO of the Komodo project, almost since the very beginning, has been Kaden Stadelmann. He also serves as CTO of RedFOX Labs. He previously worked as an IT security analyst and software developer, and founded the company satoshihack back in 2011, making him a pioneer in the blockchain space.

Core development is led by founder James Lee, and he is joined by Adam Bullock and Mihailo Milenkovic as well as roughly a dozen full-time developers and another dozen community volunteer developers.

KMD CoinThe Komodo native currency (KMD) was launched in an ICO in February 2017 at a price of $0.10. Since then the price of the coin has risen and fallen with the fortunes of the project and the markets. As of mid-March 2018 it was trading at $2.73 and was ranked the #48 coin by market cap on Coinmarketcap.com.

Even though 2018 saw many coins losing 90% or more of their value, KMD held up fairly well in the face of the bear market. It rallied in April, topping $4 and slowly sank from that level, finally dipping under $1 in November 2018 and hitting a low of $0.492329 on November 25, 2018.

It slowly recovered from that low and by February 2019 had doubled in price as it traded back above $1. It remained above $1 for nearly all of 2019, and nearly hit $2 in July 2019, but the price has recently dropped and as of August 9, 2019 stands at $0.863399.

KMD Price Performance. Image via CMC

The fundamentals for the coin continue to look solid thanks to the 5% annual interest rate paid to KMD holders, and the current low price is more a reflection of broad-based weakness in the cryptocurrency markets.

There are currently 115,389,114KMD in circulation, with a planned total supply of 200 million coins, which is projected to be reached in 2031. Until that time, KMD holders will continue to receive a 5.1% annual interest payment (called Active User Rewards) on their KMD holdings, so long as they keep more than 10 KMD in a wallet where they control the private keys. The KMD had an all-time high of $12.54 on December 21, 2017.

Buying & Storing KMDKMD can be purchased on a good number of exchanges, with the largest volume on CoinBene. There is also good volume at Binance, CoinEx, and HitBTC. Other good choices for buying KMD include CoinEx and Bittrex.

Given that there is strong volume across a number of exhanges, it bodes well for the liquidity of KMD. Improved liquidity means that you can execute large block orders on these books without much slippage in the price of the coin.

Register at Binance and Buy KMD Coin

In order to earn the 5.1% annual interest users must hold their KMD in a supported wallet. The top two based on the Komodo website are the Verus Agama wallet, which is a multi-coin wallet from the Verus Coin project, or the native Komodo OceanQT wallet. Other options include the Guarda Wallet and the ZelCore wallet.

Development & RoadmapWhen it comes to determining the amount of work that has been done by a project, there are a number of metrics one can look at.

However, one of the most effective that I have found is to take a look at the coding activity in the project's public repositories.

Therefore, I decided to jump into the Komodo GitHub to get a better sense of what the developers have been pushing over the past year. Below is the total code commits to two of their development repos.

Commits for Select Repos over past 12 months

As you can see from the above, the team has been quite active pushing code to their core repository over the past year. It is also worth pointing out that there are a further 56 other repositories with varying degrees of activity.

This is more development activity than we have seen at most other projects. In fact, if we were to compare Komodo to its peers, it is ranked 30th in terms of commits and 12th for overall coding activity on coincodecap.

This perhaps makes sense when viewed in the context of the numerous projects being built on the Komodo platform (more below). 

In terms of the upcoming roadmap, the two most important remaining milestones for 2019 are the release of the developer portal as well as the GUI for the fully mobile-ready wallet/DEX hybrid.

If you want to keep up to date with development on the project then I suggest you jump into their discord and meet the team. They also encourage community developer contributions to the core.

Komodo Platform ProjectsThere are a number of standalone projects that were developed for the Komodo platform. Those that are farthest along in development and have been released as at least betas include Decentralized ICOs, BarterDEX along with a built-in “tumbler” service called Jumblr.

However, as of July 2019 Komodo has launched its Antara Framework, which is the basis for nearly all current services on Komodo.

Decentralized Initial Coin Offerings (ICOs)The Decentralised ICO concept was meant to be an exciting option for startups as it would mean that they could launch their process much easier. It would also have given them access to the Komodo technology, marketing channels, and consultants.

However, given the regulatory pressure that has been placed on ICOs recently, this initiative seems to have fallen by the wayside. Of course, the lackluster performance of most recent ICOs has not helped the process.

The Komodo team had plans to launch a number of Decentralised ICOs. In May of last year they planned to release their first with the BlocNation dICO. However, this did not seem to materialize and the Blocnation project seems to have gone dead (with the site down).

The dICO that never materialized... Image via Komodo Blog

Despite this though, Komodo will accept pre-existing blockchain projects on other platforms that would like to migrate to Komodo to receive your own fully customizable, high performing independent blockchain.

As of August 2019 there are a number of projects that have launched on Komodo.

JumblrJumblr is a cryptocurrency anonymizer developed by Komodo which is decentralized and open-source. It can be used to increase privacy when using the Komodo platform.

Anonymizing funds is actually a fairly straightforward and simple practice. The Jumblr will take KMD tokens from a non-private address and send them through a number of zk-snark addresses.

Once these untraceable addresses have processed the coins they are sent to a new address where they are completely anonymous. The fee for using the Jumblr service is 0.3%, which is payable in KMD tokens.

BarterDEX Rebranded to AtomicDEXBarterDEX was previously called EasyDEX but was rebranded in July 2017. It is a decentralized exchange utilizing atomic swaps, and more recently etomic swaps, which bridge the gap between Bitcoin and Ethereum based blockchains.

The use of atomic swaps and etomic swaps lower counterparty risk, transaction fees and speeds the transfer of assets. BarterDEX can support trading of any cryptocurrency, and will also support fiat in the future. Already the decentralized exchange is capable of performing swaps for 95% of the cryptocurrencies in existence.

BarterDEX also solves the liquidity problem encountered by most decentralized exchanges by producing Liquidity Nodes that stabilizes prices by buying and selling assets in the order books.

Screenshots from the AtomicDex App. Image via atomicdex.io

In July 2019 the BarterDEX platform got another upgrade and rebrand and has been re-launched as AtomicDEX in a closed public beta. AtomicDEX provides a secure, reliable, and completely decentralized method for trading digital assets.

Trades no longer have to pass through an intermediary but are done from wallet to wallet. AtomicDEX will act as a multi-currency wallet and as a fully decentralized trading platform. At its beta release, AtomicDEX has support for 13 different coins, but can technically support 99% of all existing cryptocurrencies. New coins will be added with each update to the DEX.

The Antara FrameworkThe Antara Framework was launched on the Komodo mainnet on July 15, 2019, completing a rebrand that stretched out for nearly a full year. This relaunch has included several new developments, such as the beta release of the Antara Smart Chain Composer, which allows anyone to launch their own SmartChain blockchain in just minutes, including full seed nodes and mining nodes.

The Antara Framework is an adaptable framework for simple, end-to-end blockchain development. Antara makes it easier than ever before to launch a chain, activate modules, and start building blockchain-based applications.

Antara has maintained the independence and privacy of building with Komodo. Each independent chain has its own consensus rules, hashing algorithm, decentralized network, and coin. Blockchains launched with Komodo’s technology never depend on the KMD chain, network, or platform.

Antara Network Recently Going live. Image via Komodo Blog

It’s an open ecosystem so there is no vendor lock-in. Creating a chain from the CLI is permissionless and free. The Komodo team is not informed when a chain is created so there's no way to track a chain after launch.

The framework also comes with built-in modules, making development speedy and easier. This allows developers to natively support any software, dApp or blockchain-based games.

With 18 different customizable Smart Chain parameters, any blockchain can be built to serve any business need. The Antara Integration Layer also offers several white label products such as a multi-coin wallet, block explorers, full seed nodes, a branded DEX, a crowdfunding app and integration with SPV Electrum servers.

CompetitionBecause Komodo is involved in so many aspects of the blockchain it is facing competition from many different directions.

Decentralized exchanges are becoming increasingly popular, and the AtomicDEX exchange is in competition with BitShares, EtherDelta, and Waves, as well as many other smaller players.

As a privacy coin, KMD competes against the larger Dash and Monero coins, and of course against the Zcash that it was forked from.

Komodo faces stiff competition from Ethereum as it is the leader in the ICO and smart contracts field, but other established blockchains such as NEO, NXT and Waves are also competing for ICO traction.

And now we also have initial exchange offerings (IEOs) from the likes of Binance and other exchanges growing in popularity. Smart contracts have also found their way into most projects. One strength for Komodo is that it is the first to offer a fully decentralized exchange with atomic swap capabilities.

ConclusionThe Komodo project is an extensive and ambitious large-scale project that aims to solve many issues that centralization of cryptocurrencies and blockchains face.

In addition to being its own blockchain and coin, it is also tackling the decentralized exchange, atomic swap, and decentralized ICO space. It includes options for anonymity and has a unique proof of work consensus algorithm that promises enhanced security, even for new blockchains based off Komodo.

Needless to say, that’s a lot to bite off, but the Komodo team has shown itself to be up to the challenge time and again. In a world where deadlines are often missed by months, the Komodo team has not only delivered but also delivered early and with few bugs. The team also takes user feedback into consideration and has been known to pivot quickly based on the needs of the community.

If the Komodo team continues to deliver it could make a long-term lasting impact on the cryptocurrency space, but it is too early to tell if this will be the case. In any event, it is certainly a project worth watching.

In the roughly 18 months since this review was first prepared the Komodo team has continued to deliver an exceptional product, and with the July 2019 release of the Antara Framework, it has advanced to the first composable SmartChain platform in the industry. This first-mover advantage keeps Komodo on the cutting edge of blockchain development.

Disclaimer: These are the writer's opinions and should not be considered investment advice. Readers should do their own research.

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Most altcoins have managed to stop themselves from falling in a slippery market. However, there remain quite a few who continue to be stuck in a cycle of sideways movement, largely due to lingering selling pressure.

Tron [TRX] 

Tron [TRX] has been pushed down to the 16th position on CoinMarketCap, with its market cap recorded to be $771.78 million. The 24-hour trading volume of the coin was reported to be $813.27 million. The TradingView chart for Tron highlighted that the coin had slipped to new lows as its value stood at $0.0115, while the resistance was marked at $0.0124 and the support was at $0.0092.

According to the Bollinger Bands, the volatility in the TRX market fell but, the moving average that was under the candlesticks indicated a bearish trend.

The market might not be very positive, but the ecosystem of Tron may be eager to embrace its own DeFi ecosystem dubbed ‘Djed.’ which was announced recently by its CEO Justin Sun.

Waves

Waves, ranked 49th on the CMC list, gained by 1.47% over the last 24-hours. The coin with a market cap of $97.32 million was reporting a 24-hour trading volume of $84.29 million. Despite reflecting a solid effort, the coin has been recording a loss of 1.95% since the beginning of the year.

At press time, the value of Waves token was around $0.9754 and the Relative Strength Index showcased the coin had reached a point of equilibrium, one wherein the buyers and sellers were equal.

HedgeTrade [HEDG]

HedgeTrade’s market cap was reported to be $483.78 million, pushing it above various other altcoins to the 22nd position on CoinMarketCap. The coin was reporting a 4.20% growth within the past 24-hours and was being traded at $1.68. Its 24-hour volume was marked at $572.31k, substantially less than other coins. The value of the coin was close to its immediate resistance at $1.82, but the support lay a little low at $1.25.

With green candles forming on the daily charts, the arrival of bulls was clear, and as per the MACD indicator, the trend had indeed switched from a bearish one to a bullish one.

The world’s largest crypto exchange Binance on Monday announced delisting and ceasing trading of these four cryptocurrencies from Binance spot and margin. Waves (WAVES), OMG Network (OMG), NEM (XEM), and Wrapped NXM (WNXM) delisting announcement has caused prices to dip massively.

Derivatives trading data report major trades as traders and investors move or readjust their holdings in WAVES, OMG, XEM, and WNXM, causing open interests to pump over 100% in the last 24 hours.

Binance Announces Delisting of WAVES, OMG, XEM, NXM In an official announcement on June 3, Binance said it has decided to delist and cease trading on all spot and margin trading pairs of Waves (WAVES), OMG Network (OMG), NEM (XEM), and Wrapped NXM (WNXM). Users will not be able to trade these cryptocurrencies after 03:00 UTC on June 17.

Exchange claims these crypto have failed to meet the standard and industry requirements in reviews done periodically by the crypto exchange.

“When a coin or token no longer meets these standards or the industry landscape changes, we conduct a more in-depth review and potentially delist it. Our priority is to ensure the best services and protections for our users while continuing to adapt to evolving market dynamics,” stated Binance.

The last date for withdrawing these tokens is September 17 as the exchange completely ends support for these crypto. Binance delisting these tokens from Binance Simple Earn, Binance Auto-Invest, and Binance Loans weeks before the delisting date.

Binance’s Delisting Factors For All Crypto Crypto exchange Binance reviews listed crypto for maintaining a high level of standard and industry requirements. These are in line with listing requirements of the exchange.

These include a team’s commitment to project, development activity, trading volume and liquidity, stability and safety of network, smart contract stability, level of public communication, response to exchange’s periodic due diligence requests, unethical/fraudulent conduct or negligence, regulatory requirements, and contribution to crypto ecosystem.

Prices Tumbled After Announcement WAVES price tumbled over 25% after Binance’s announcement, with the price currently trading at $1.77. The trading volume has jumped over 900% as traders and investors make quick readjustments to their holdings.

Meanwhile, OMG, WNXM, XEM prices have dropped over 25%, 3%, and 29%, respectively, in the last few hours.

Interestingly, the announcement caused massive futures trading as WAVES, OMG, XEM futures open interest jumped over 100%. The move is likely triggered by a change in margins and readjustments to trade.

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