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Three Golden Eggs of CoinMarketCap: NBU, BAR and AMPL

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Alternative tokens should not only offer a solution to either the blockchain industry limitations or real-world problems but also have a loyal audience.

Over the last few years, Bitcoin has become a “Google” of the crypto industry. Not taking into account people that don’t have access to the internet, pretty much everyone has heard of both. And the reason for their popularity lies in the technology or service they have offered to the world. In the first case, we would be talking about peer-to-peer transactions that eliminate the need in any intermediary, whereas the second gave the world a path-breaking search engine, which leaves no information elusive.

Too Big to Grow? Let It Go!

The only problem is that the bigger the company or cryptocurrency, the harder is to achieve new highs unless penetrating new areas of interest. The question then arises, what should investors do. The answer is quite simple – search for new opportunities and diversify the portfolio.

Looking at the top cryptocurrencies, one could say that the prices are too high and the growth potential is close to reaching its limit. For example, Bitcoin began its correction after reaching $64,000, whereas Ethereum is on the path to break the all-time highs set earlier in the year. Great if it reaches the goal, but what next? Can it go to $3000? Theoretically, everything is possible but what if the reality goes the other way around as it always does? Risks are too high…

It’s Time to Look for Something New

In this context, the time has come to turn an eye on something new, something equally prominent as Bitcoin or Ethereum. Thus, alternative tokens should not only offer a solution to either the blockchain industry limitations or real-world problems but also have a loyal audience. To find “the golden eggs” that meet our criteria, we will need to go to CoinMarketCap, the world’s most-referenced price-tracking website for crypto assets, and check out some recently listed coins.

Nimbus Platform

The first project in our list would be without any doubt Nimbus – a DAO-governed ecosystem that offers users 15 earning strategies based on time-honored financial instruments, including classic IPO, Crowdfunding, P2P Lending, and Crypto Arbitrage-Trading. All of them are based on well-balanced yet diversified value generation strategies which mitigates risks for users. All you need to do to start gaining rewards of up to 100% APY is pick the preferred pool and provide liquidity. This way, you can earn a passive income instead of simply holding your crypto in your wallet and waiting for its market value to grow.

After a successful launch of its utility token NBU, which reached a market cap of $35mln within two days after the release, Nimbus listed its GNBU governance token on Uniswap – the biggest decentralized exchange. The coolest thing about GNBU is that it distributes the 10+ revenue streams of the Nimbus Platform between the GNBU holders. That’s taking the diversification to a whole new level! 

For those interested, here is one more cool update from the Nimbus team: recently they have announced increased reward levels for staking of the NBU. To be more precise, starting from 24th March 2021, and up until 24th May 2021, you can receive up to 40% APY on NBU staking at the Nimbus Platform.

Finally, it should be mentioned that in the long term, Nimbus is expected to transform into a one-stop-shop bridging investment products and DeFi – and offering even more revenue channels for users. But right now, anyone can become a part of the project while it’s still in the growth phase!

FC Barcelona Fan Token (BAR)

You may have never been to Barcelona but most probably, you know the football team led by Lionel Messi, also known as “Messia”. Despite the recent scandal with Super League, the Spanish team boasts one of the largest fan clubs in the world. From now on, you can use ‘Fan Tokens’ to participate in Club surveys.

According to the press release, in addition to offering the possibility of giving their opinion and voting on the different questions raised in the Club’s polls each season, fans will be able to obtain exclusive prizes when they take part in the polls. Thus, in exchange for their participation, they will earn points with which they will be able to get prizes related to digital experiences and activations, such as the possibility of participating in a meet & greet with the players or watching a game at the Camp Nou and enjoying a VIP experience in the stadium.

It is worth mentioning that this Wednesday Binance announced on its official Twitter account that it will list FC Barcelona Fan Tokens in its Innovation Zone. The tweet also added that users will be able to buy the tokens with BNB at a 30% discount. In the beginning, the exchange will offer trading pairs including BAR/BTC, BAR/BUSD, and BAR/USDT.

Ampleforth Governance Token (AMPL)

Long story short, the goal of Ampleforth is to incentivize a network of users to maintain a crypto asset with a value equal to the US dollar. You may think it is another stablecoin but you will be quite far from the truth. Ampleforth differs in its method of maintaining price stability. As well noted by Kraken, instead of relying on deposits or issuing and redeeming debt, the software programmatically adjusts the supply of its AMPL cryptocurrency every 24 hours in a process called “rebasing.”

Thus, we are talking about a simple monetary rule: If demand for AMPL tokens is high, and each AMPL token exceeds $1, the supply will increase. If demand is low, supply will decrease. The elasticity of the overall supply makes it much more sustainable and most importantly decentralized as the supply of AMPL is managed by the software and not humans.

Also, Ampleforth announced that any wallet that has ever “touched” AMPL will be eligible to collect its portion of the new FORTH tokens through the next year. Active participants in the protocol should expect a higher proportion. FORTH token holders will be able to propose and vote on changes to Ampleforth’s protocol.

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Author: Helena Ross

Helena is a crypto, financial journalist based in London. She is a believer in decentralized finance and supporter of innovations.



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CME’s Micro Bitcoin Futures Go Live for Trading

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The CME micro Bitcoin futures allows retail players and individual crypto investors to deal with small-sized contracts thereby ushering more market liquidity while giving the smaller players equal exposure to a regulated environment.

On Monday, May 3, the Chicago Mercantile Exchange (CME) announced the launch of the Micro Bitcoin Futures in a move aimed at expanding its crypto derivative products. Over the last year, Bitcoin has gained significant price appreciation and momentum.

Thus, the demand for Bitcoin derivative products has also surged. While CME was indeed the first to launch the Bitcoin Futures, it was largely available only to institutional players. The cash-settled CME Bitcoin futures is one of the most popular Bitcoin derivative products.

However, to give retail investors and small players access to BTC derivatives, CME has now launched the micro BTC futures. The CME micro Bitcoin Futures represent one-tenth the size of one Bitcoin. Tim McCourt, CME Group Global Head of Equity Index and Alternative Investment Products said:

“We are pleased to introduce this new contract at a time when we continue to see consistent growth of liquidity and participation in our crypto futures and options. At one-tenth the size of one bitcoin, Micro Bitcoin futures will provide an efficient, cost-effective way for a broad array of market participants – from institutions to sophisticated, active traders – to fine-tune their bitcoin exposure and enhance their trading strategies, all while retaining the benefits of CME Group’s standard Bitcoin futures.”

Micro Bitcoin Futures: The Power of Small-Sized Contracts

Bitcoin’s popularity is at its peak in the current times. Thus, such small-sized contracts will allow participation from sophisticated individual clients in the market. Besides, it also addresses one of the major issues associated with Bitcoin i.e. the high cost of owning an asset and the desire to engage in a regulated environment.

With the small-sized contracts, the options for CME’s micro Bitcoin futures will also attract retail buying. Daniel Ryba, Executive Director of futures at E*TRADE Financial said:

“Offering Micro Bitcoin futures allows us to provide our customers with even more choice and precision in how they trade Bitcoin futures. The smaller contract size enables traders of all sizes – from institutions to active retail traders – to get exposure to bitcoin prices, or hedge their spot bitcoin positions. We are excited to support this product.”

As said earlier, the micro futures offers more granular exposure on BTC futures. Similar to the larger derivative product, the CME micro BTC futures is also cash-settled.

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Bhushan is a FinTech enthusiast and holds a good flair in understanding financial markets. His interest in economics and finance draw his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. He is continuously in a learning process and keeps himself motivated by sharing his acquired knowledge. In free time he reads thriller fictions novels and sometimes explore his culinary skills.



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Ethereum (ETH) New All-Time High of $3194 Makes Co-Founder Vitalik Buterin Billionaire

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ETH price rally has helped its market dominance surge past 16% making it formidable crypto in the market. Analysts expect ETH price to surge to $10K by the end of 2021.

Simply stunning is an understatement for the Ethereum performance in recent time. The world’s second-largest cryptocurrency ETH has been on an indomitable rally and today’s all-time high of $3194 makes its co-founder Vitalik Buterin the youngest crypto billionaire in the market.

The public ETH address of Vitalik Buterin which he disclosed in 2018 has hit over $1 billion in balance with Ethereum’s meteoric rally. As per the data by Etherscan, this VB address holds 333,500 ETH coins. Thus, the balance as of the current price ETH shows $1.043 billion.

Growing ETH Dominance that Boosts Wealth of Buterin

Ethereum (ETH) has largely dominated the crypto market in recent times while Bitcoin (BTC) seems under consolidation. The ETH year-to-date returns stand at a massive 300% as of the current price. Meaning, Ethereum (ETH) has gained 4x since the beginning of the year 2021. On the other hand, BTC price has gained 2x or 100%. Clearly, Ethereum outclasses Bitcoin with a 3:1 margin.

With the recent price rally, Ethereum has hit fresh milestones on multiple fronts. For e.g. Ethereum has outgrown some of the biggest traditional financial institutions and companies. After toppling PayPal last week in market size, ETH has outgrown giants like Disney and Bank of America today. As per the data on Infinite Market Cap, Ethereum (ETH) is the 27 most valuable global asset currently. The next target for Ethereum would be taking on payments giant MasterCard.

Ethereum Gains in Crypto Market Domination

With its price rally this year, Ethereum has extended its crypto market domination. At its current price, ETH dominates more than 16% of the overall crypto market cap. On the other hand, Bitcoin (BTC) is seeing a stop in its market domination.

Over the last month, the BTC market domination has dropped more than 10% and is currently under 47%. Let’s take some of the positive on-chain developments driving the ETH price rally.

  • In April, the ETH gas fee dropped below $10 for the first time in three months. This drop gave investors the flexibility to move their coins without paying too many fees.
  • In April 2021, the Ethereum blockchain network registered a massive 41.7 million transactions. Thanks to the outbreak in DeFi and NFT activity on the blockchain.
  • The ETH supply at exchanges was on a drop. This supply-demand gap helped to drive the price higher further.
  • The CME Ether Future open interest jumped from $68 million on March 1 to $373 million by the end of April. The aggregate open interest for ETH futures across all exchanges has crossed $8.3 billion.
  • In April 2021, the Ethereum-based decentralized exchanges facilitated more than $14.5 billion in trading volumes.

Many analysts predict that the ETH rally won’t stop anytime soon and ETH will hit $10K by the end of 2021.

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Bhushan is a FinTech enthusiast and holds a good flair in understanding financial markets. His interest in economics and finance draw his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. He is continuously in a learning process and keeps himself motivated by sharing his acquired knowledge. In free time he reads thriller fictions novels and sometimes explore his culinary skills.



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TWTR Shares Decline 13% after Twitter Unveils Q1 2021 Earnings Results

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As the report highlighted, Twitter’s total revenue in Q1 was up 28% ($808 million) year-over-year to $1.04 billion.

Social network company Twitter Inc (NYSE: TWTR) declined 13% in its shares in the pre-market trading session following news on lower-than-expected user growth in its Q1 earnings report and lower guidance for the coming quarter. Twitter released its 2021 Q1 financial statement on the 29th of April.

TWTR Shares Down in Reaction to Report on Low User Growth

Twitter shares are down over 13% to $56.60 in the premarket, following the Q1 earnings report. Except for a 2.88% loss recorded in the last five days, Twitter has been growing in the last 12 months. The company has surged 133.80% over the past year and added 20.20% since the year began. Also, TWTR pumped 28.81% in the last three months and another 1.97% over the past month.

At press time, Twitter stands at a market valuation of $51.99 billion.

According to the earnings results, Twitter’s number of monetizable daily active users (mDAUs) was 199 million. The total mDAUs grew 7 million from what was recorded in 2020 Q4 but did not meet analysts’ expectation of 200 million. The social network company added that its user base added 20% year-on-year.

Twitter CEO Jack Dorsey commented on the increased number of users. He said:

“People turn to Twitter to see and talk about what’s happening, and we are helping them find their interests more quickly while making it easier to follow and participate in conversations.”

The CEO added that the ongoing product improvements and global conversation around current events fueled the spike in mDAUs.

Twitter Reports Q1 Earnings

As the report highlighted, Twitter’s total revenue was up 28% ($808 million) year-over-year to $1.04 billion. Also, the revenue is higher than Wall Street’s estimate of $1.03 billion. According to the company’s chief financial officer Ned Segal, the growth signifies “accelerating year-over-year growth in MAP revenue and brand advertising that improved throughout the quarter.”

Under the total revenue, advertising revenue pumped 32% or 30% in constant currency to total $899 million. The summed up revenue consists of total ad engagement and cost per engagement gains. Total ad engagement gained 11% year-on-year, while cost per engagement (CPE) added 19% year-over-year.

Additionally, data licensing and other revenue stood at $137 million, a 9% advance over the previous year. Also, US revenue increased 19% year-over-year to $556 million. International revenue also surged 41% to $480 million.

During the same quarter, Twitter saw adjusted earnings per share of 16 cents. The adjusted earnings topped 2 cents over an earlier forecast of 14 cents. Furthermore, the company saw a profit of $68 million, a contrast to the $8.4 million law posted in the previous year.

In addition, Twitter guided in the report that its expectation for revenue in the coming quarter is between $980 million and $1.08 billion. However, Refinitiv said that analysts were executing guidance of $1.06 billion on average.

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Ibukun is a crypto/finance writer interested in passing relevant information, using non-complex words to reach all kinds of audience. Apart from writing, she likes to see movies, cook, and explore restaurants in the city of Lagos, where she resides.



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