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Posts
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By MetaverseLawyer · Posted
Crypto loans are slowly becoming an integral part of the crypto space. It practically entails using cryptocurrency assets as collateral to borrow cryptocurrencies. Hypothetically, users can borrow a certain amount of token B by pledging a specific quantity of token A, and they need to pay a certain amount of interest to the platform. In contrast to Defi loans, Bitget have come up with its own loans. As opposed to the former, there is no requirement for external addresses, simpler borrowing operations and no gas fees. Interestingly, the platform is giving latitude to its users to enjoy a super low interest rate of 10% for USDT. However, with respect to Bitget Crypto Loans, the framework does not support collateral pairs of the same currency, for instance, you cannot use LTC as collateral to borrow more LTC, you can only borrow the latter by using a non BTC cryptocurrency asset as collateral. Here's a link; https://www.bitget.com/en/earning/loan -
The nascent state of Base network makes it possible for projects to gain exposure before they go mainstream– an attraction for investors who are eager to spot early gems. While exploring the possibilities that abound in this growing network, I got wind of Katt Daddy, a fast-growing memecoin designed to integrate humor and edgy themes into the digital currency space, inspired by a character popular for his diverse experiences. Katt Daddy is aimed at making a positive impact while also poking fun at societal norms, and to reform the status quo of holy weird, champion masculinity for generations to come, bloat community’s wallet to be too fat to sit on–something that has been an attraction for the fast growing community. Powered by Tokattnomics and has a total supply of 1 billion, it will be great to see how $KATT grows overtime now that it is gaining significant exposure on Bitget with more pending listings. -
By CryptoSaint · Posted
In the ever-evolving world of cryptocurrency, the last 24 hours have been nothing short of eventful. From Bitcoin's price momentum to Ethereum's market capitalization, here's a breakdown of the top news: Bitcoin's Price Momentum and Market Cap: Despite recent turbulence, BTC price continues to command attention. With Spot ETF demand dwindling and investor sentiment wary of a post-halving crash, Bitcoin's price momentum remains a topic of debate. The global crypto market cap, standing at approximately $2.31 trillion, reflects this cautious sentiment. Litecoin's Performance: Litecoin (LTC) emerges with a promising monthly close, rallying over 22% since retesting its multi-year Macro Downtrend. Currently trading at $100.82, LTC's resilience is noteworthy amidst market fluctuations. Bitcoin Cash's Historic Moment: Bitcoin Cash (BCH) celebrates a significant milestone, closing above a multi-year downtrend for the first time since 2017. With the BCH halving event on the horizon, its recent 21% surge indicates growing investor interest. Ethereum's Market Capitalization: Ethereum remains a developer favorite, boasting a market capitalization of $385.5 billion and a remarkable year-over-year return of 73%. Its impressive price surge from $11 in April 2016 to $3,158 by April 2024 underscores its enduring appeal. Global Cryptocurrency Market Cap: The global crypto market cap witnessed a slight uptick, reaching around $2.64 trillion. Bitcoin's dominance, currently at 53.27%, reflects its continued influence despite recent challenges. As the crypto landscape continues to evolve, staying informed is key to navigating the market's complexities.
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