chalametstyle

[chalametstyle]

SphynxSwap lists on CoinMarketCap as a decentralized exchange

SphynxSwap has announced that they are officially listed as a Decentralized Exchange (DEX) on CoinMarketCap.

SphynxSwap is one of a few decentralized exchanges listed on the platforms. Currently, SphynxSwap is currently 1 of 150 DEXs to ever be listed on CoinMarketCap. This means tokens listed on the Sphynx Swap exchange will be tracked on CoinMarketCap, which they believe is only the start of much more positive growth and recognition within the industry.

CoinMarketCap is the world’s most-referenced price-tracking website for crypto assets, and the world’s largest independent cryptocurrency data aggregator with over 6,000 different crypto assets tracked across over 400 exchanges worldwide. This platform is arguably the go-to place for independent, cryptocurrency data that allows investors to be informed and make the right decisions for their needs.

As the cryptocurrency space grows, adoption has become more mainstream, and crypto is being accepted as payment across more venues, high-quality data and information on exchanges, becomes more and more vital. The SphynxSwap platform welcomes its listing on CoinMarketCap, as the independent body and data aggregator allow for a better, more balanced informed decision to be made by investors as to where to trade and upon what information their decisions are made.

As a DEX, SphynxSwap is able to facilitate peer-to-peer trading, through the use of automated smart contracts without the need of an intermediary. As an AMM, the platform also allows any combination of two tokens to be exchanged on the Binance Smart chain, and soon, the Ethereum network. This means traders can use the SphynxSwap platform for all their trading needs, including trading, charting, farming, trading NFTs, and much more.

For additional information on this partnership and what it entails visit https://www.sphynxtoken.co

About SphynxSwap

SphynxSwap is a decentralized exchange that lives on the Binance Smart Chain, designed to allow investors to be able to trade in under 10 seconds. This is achieved by the automated configurations of user experience on the Sphynx platform, offering the quickest swap in the industry, with the lowest fees in the industry.

Sphynx aims to provide an all-in-one solution for trading, farming, staking, and holding. This includes one single platform with a consolidated wallet to always have a birds-eye view of your assets, dynamic charts, farms, and staking portals so users never have to leave the Sphynx platform.

[chalametstyle]

South African Finance Minister Seeks to Stop Pension Funds From Investing in Cryptocurrencies

Cryptocurrencies a Grey Area

According to a report by Business Insider SA, Godongwana’s timeframe for the public to comment on the draft proposals suggests he wants the changes to come into effect before the end of the year.

Prior to Godongwana’s proposals, South African pension funds considered cryptocurrencies a grey area where an investment of up to 2.5% of assets held was permissible. However, as the Business Insider explains, this ambiguous part of regulations used by pension funds to legally invest in cryptocurrencies will be removed once the minister’s proposed changes get approval.

“A [pension] fund may not invest in crypto-assets directly or indirectly,” the report explained, quoting new rules published in a government document.

Meanwhile, the finance ministry’s draft proposals suggest Godongwana is also seeking to expand the definition of cryptocurrencies to include derivatives such as non-fungible tokens (NFTs) as well as any digital asset not issued by central banks. In the report, Godongwana’s proposed definition of cryptocurrencies read:

‘[C]rypto-asset’ means a digital representation of value that is not issued by a central bank, but is capable of being traded, transferred or stored electronically by natural and legal persons for the purpose of payment, investment and other forms of utility; applies cryptographic techniques and uses distributed ledger technology.

[chalametstyle]

Bitcoin and the increasing importance of on-chain data, analytics

On-chain analysis has become quite integral to Bitcoin analysis over the past few years. Understanding supply-demand dynamics, levels of activity, and short-term long-term holder mechanics define some trading characteristics of the network.

Yet, during an aggressive bullish market, the credit is laid out more towards investor sentiment or futures market, which is considered as breakout catalysts. While not completely away from being accurate, it is important that the on-chain fundamentals are looked upon from a point of economic flow and market participants since they predominantly describe the larger market horizon.

Are these metrics describing the larger importance of Bitcoin on-chain?

While metrics such as MVRV ratio, SOPR have been discussed extensively over the past few months, some of the following metrics describe asset valuation from a long-term narrative which allows asset managers to gauge better valuation for Bitcoin.

Yassine Elmandjra, Analyst for ARKInvest, recently discussed the importance of valuing Bitcoin and one of the key metrics determined by Investor capitalization.

[chalametstyle]

PRESS RELEASEEvonax supporting KYC-free SHIBA INU purchases with 18 Crypto

SHIBA INU, one of the world’s most talked-about cryptocurrencies in recent months, can now be easily purchased with Bitcoin, Ethereum, and several other coins thanks to its recent addition by Evonax, a revolutionary new type of cryptocurrency exchange.

SHIBA INU first turned heads in May as it topped a $19 billion valuation. It has more than doubled in price since then, currently headed upward at a parabolic rate. For the first time, it can now be purchased instantly with a wide variety of cryptos and without having to submit an ID, all through Evonax. There are no minimum or maximum limits on trades.

Simple, Hassle-Free Crypto Trades

Evonax removes the complexity and tension involved in crypto trading, making it easy to buy and sell popular coins with a click of a button. With Evonax, there are no hidden trading fees, and the exchange rate displayed on the screen is guaranteed to match what you receive. Perhaps the best part of all, Evonax does not require registration or KYC, allowing anyone to trade with confidence and convenience.

Evonax accomplishes this by employing a ‘swap’-like service that is reminiscent of Uniswap on Ethereum or PancakeSwap on Binance. Unlike these services, however, Evonax performs instant trades of crypto assets on several different blockchains and is not limited to tokens found on a single platform. Some of the many popular cryptocurrencies supported by Evonax include Bitcoin (BTC), Bitcoin Cash (BCH), ChainLink (LINK), Dogecoin (DOGE), Ethereum (ETH), and now, SHIBA INU (SHIB).

A Flexible Array of Trade Possibilities

All supported coins and tokens can be traded for one another, meaning that thousands of possible trade pairings are supported. After a trade has been initiated, Evonax will keep the order status updated so the customer will know how long to expect before the transaction has been completed and the coins have been delivered. If questions should arise or a transaction is delayed, Evonax has customer service agents available to resolve customer inquiries on a 24/7 basis.

SHIBA INU to see higher prices

One of the biggest factors for the increase in market value for SHIBA INU has been the increase in user access to the SHIB token, thanks to multiple cryptocurrency exchanges after listing it on its platform. The ecosystem of SHIBA INU also got a momentum boost after it was announced that a partnership with the major crypto payment provider NOWPayments made it possible to accept SHIB as form of payment in their system. All these parameters help SHIBA INU to gain more and more traction, which the surge in futures open interest on various exchanges also shows.

CEO of Evonax.com, Nikolaj Rosenthal said,

“I think we are seeing a new real competitor to DOGE and the community around it with SHIBA INU. As of now, market data shows that longs are in profit, while there seem to be very few short-sellers on the market. As of now, we see huge interest in SHIBA INU and decided to add it to our community and give our customers an easy opportunity to get in or out”.

In operation since 2016, Evonax is a non-custodial cryptocurrency exchange that does not store funds on behalf of the customer. On Trustpilot, Evonax rates “excellent” with a 4.6 out of 5 stars for their service, which indicates a high level of trust and quality. For more information about Evonax, please visit their FAQ page. For updates about the future coin and feature updates, follow them on Twitter and Facebook.

[chalametstyle]

Social Media for All Things Crypto

Social media continues to impact the cryptosphere, to such an extent that we recently saw a tweet from Elon Musk causing both FOMO and FUD. As a result, people have been making investment decisions based on what’s trending.

The way in which people use social media in the crypto space, has helped bring about mainstream awareness through platforms like Twitter, Telegram, and Reddit. A new social media platform specifically created for crypto enthusiasts, Crypter has come about to improve on many of the shortcomings of these platforms.

Twitter is perhaps the most popular social media platform used in the crypto ecosystem. A major issue that has been seen, on Crypto Twitter (CT) is how some celebrities are shilling their favorite meme coins or pump and dump schemes. This creates significant risks for crypto users and their investments. To prevent this, each project that joins Crypter undergoes a vetting process enabling community members to be more protected.

Telegram is another platform that is extremely popular with the crypto community, as it enables projects to communicate and interact with their community more directly. Within Telegram, it is also easy to create groups and channels than other platforms.

A challenge within Telegram is when investors new to crypto join these groups and end up creating a space where experienced investors choose to leave as the group is no longer adding value to them. In contrast, users on Crypter are all crypto enthusiasts, allowing projects and individuals to create content for like-minded people.

For many crypto investors, Reddit has been considered the go-to platform for life-changing returns, where investors got in early on projects, that have gone on to become mainstream. While the Reddit platform does not reward users for engaging on the platform, Crypter’s Engage-to-Earn system does. Users get paid for being active on the platform