Overview of eCash
• eCash is a cryptocurrency platform that aims to bring Decentralized Finance (DeFi) solutions to crypto users and support Ethereum Virtual Machine (EVM) compatibility.
• The asset has seen positive progress in February 2023, with its 30-day high at $0.00004428 and its 30-day low at $0.00003424.
• The network recently announced the Avalanche Pre-Consensus upgrade which will reduce the confirmation time of a transaction from 10 minutes to just a few seconds, making it faster than Proof-of-Work reliant cryptos like Bitcoin.
Recent Price Gains
eCash has seen recent price gains due to different factors on the eCash network. On January 23rd, 2023, the asset’s price finally broke above the $0.00002 price level at $0.00003028 and since then it has been trading around this level with occasional dips or rises depending on market conditions. This is an indication that investors are betting big on this asset and its underlying technology as it offers more scalability and cost efficiency compared to other cryptocurrencies.
The Avalanche Post-Consensus upgrade provides 51% attack prevention on the eCash network which is vital for miners since eCash shares the same SHA256 algorithm with Bitcoin (BTC). With this consensus, individual nodes form a consensus to finalize blocks on the network. If random or late blocks appear on the network in an attack, miners will agree to ignore these as it can be detected easily by comparing timestamps between different nodes in real time.
On January 30th, 2023, Avalanche Pre-Consensus was announced on the eCash Network which offers almost instant transaction finalization where transactions are irreversible once finalized. This upgrade will validate each transaction before adding it to a block and reduce the confirmation time of a transaction from 10 minutes to only a few seconds – making it faster than other PoW reliant cryptos like Bitcoin (BTC). This new upgrade will launch soon on the network which could reward investors with even bigger profits if successful implementation takes place within scheduled timelines predicted by developers working behind this project.
eCash Price Prediction
Currently trading at $0.00003694 in last 24 hours – although there has been some downturn in prices lately – analysts predict that if all goes according to plan and developers stick by their timeline for implementing upgrades such as Avalanche Pre-consensus effectively into their blockchain then we can expect further gains from hereon out and possibly even long term return growth for those investing into this crypto asset now while prices are still relatively low compared to what they potentially could be in future months/years ahead depending upon how successful adoption of these technologies ends up being overall across wider markets – but only time will tell!
• Wirex and Visa have signed a long-term global partnership that will expand the reach of Wirex to 40 new countries
• The partnership builds on the existing relationship between the two companies, which includes providing a crypto-linked Visa debit card in the US
• With this expansion, Wirex will be able to offer crypto-enabled debit and prepaid cards in over 40 countries
Wirex and Visa Sign Long-Term Partnership
Wirex and Visa recently announced signing a long-term global partnership. This move will allow Wirex to expand its reach to a total of 40 new countries, including the UK and Asia Pacific region.
Existing Relationship Between Companies
The deal is building on the existing relationship between the two firms. In 2015, Wirex became first company ever to offer crypto-enabled debit card. They also hold principal membership status with credit card issuer in Europe.
Crypto Enabled Debit Cards Offered by Wirex
With this expanded partnership, Wirex will be able to directly issue crypto enabled debit and prepaid cards in over 40 countries. This allows users to buy and sell a number of cryptocurrencies as well as traditional currencies.
Benefits for Both Companies
This upgraded partnership provides a lot of benefits for both companies. It allows them to innovate further and collaborate in major markets across globe. It also increases customer base for Wirex as it now has access to more than 5 million users worldwide.
The long-term strategic global partnership between Wirex and Visa is beneficial for both parties involved as it allows them to access more markets across the globe while expanding their customer base at same time.
• Super Bowl LVII will not feature any crypto commercials this year.
• The decision stems from the collapse and bankruptcy of the cryptocurrency exchange FTX.
• Last year, crypto firms invested $54 million in Super Bowl advertisements.
Super Bowl Bans Crypto Commercials
The Super Bowl has banned all crypto commercials from this year’s advertisements following the collapse and bankruptcy of the cryptocurrency exchange FTX. This means that there will be no crypto ads featured in this year’s game, which is a stark contrast to last year’s game when companies such as FTX, Coinbase, Crypto.com, and eToro heavily invested in 30-second commercials featuring celebrities like Larry David and NBA legend LeBron James.
Reason for Ban
The decision to ban crypto commercials was made due to the arrest of FTX’s founder, Sam Bankman-Fried who was charged with defrauding customers of billions. In addition, many companies are struggling with prevalent layoffs, bankruptcies, and intense legal scrutiny due to the fall of FTX in November 2020. Mark Evans, executive vice president of ad sales for Fox Sports said “There’s zero representation in that category on the day at all“.
Cost Per Commercial
For this year’s Super Bowl LVII commercial space cost ranged between $6 million to $7 million with some deals costing more than $7 million. This is much lower than last year when crypto firms spent a total of $54 million on advertising during the biggest NFL game annually which attracts around 100 million viewers globally each year.
Fight Out (FGHT) – Newest Move To Earn Project Rating
Fight Out (FGHT) is a new project that has been rated highly by investors for its potential for earning profits due to its focus on decentralized finance (DeFi). The project uses blockchain technology and smart contracts to create an open financial system accessible to everyone regardless of their geographical location or financial status. The platform also provides users with access to advanced features such as tokenized assets and automated market makers (AMM).
This article discussed how Super Bowl LVII will not feature any crypto ads this year due to the collapse and bankruptcy of cryptocurrency exchange FTX as well as prevalent layoffs, bankruptcies, and intense legal scrutiny faced by many crypto firms after the downfall of FTX in November 2020. Additionally it provided information about Fight Out (FGHT), a new project focused on DeFi which has been rated highly by investors for its potential for earning profits through blockchain technology and smart contracts .
Biconomy Price Prediction:
• Biconomy (BICO) is currently trading at $0.40 with a market cap of $188.3 billion and a circulating supply of 456.9 million.
• The Biconomy price prediction shows that BICO heads to the upside as the coin moves to cross above the upper boundary.
• If buyers manage to keep the bullish momentum, there’s potential for BICO/USD to reach resistance levels at $0.55, $0.60 and $0.65 respectively and for BICOBTC to reach resistance level of 2200 SAT.
Current Market Situation
At the time of writing, BICO/USD is likely to create additional gains as the bulls step into the market heavily. The Biconomy price touches a new high level of $0.47 during the European session today. Meanwhile, if there is short-term selling pressure, Biconomy could tackle it and make a comeback at the level mentioned above.
Bico USD Prediction
According to the daily chart, if there is increased selling pressure then this could bring the price down towards a new low at around $0.39; however if buyers can maintain their bullish momentum then there’s potential for them to push prices up towards key resistance levels of $0.55, $0.60 and $0.65 respectively . If buyers fail then prices may experience a downswing below moving averages while Relative Strength Index (14) remains above 60-level; in this case supports can be found at around $0.30, 025 and 020 should prices cross below lower boundary of channel .
Bico BTC Prediction
Against Bitcoin , Biconomy price heads north as coin touches daily high 2049 SAT , pushing further upwards with help from bulls could take coin across upper boundary of channel ; RSI (14) now seen crossing above 60-level suggesting more bullish signals . Therefore any upward movement above upper boundary may hit resistance level 2200 SAT .
In conclusion , despite slight drops in current market conditions , bullish trend seen with both USD & BTC pairs which could see further increases in value should demand continue . With potential resistance levels identified , investors can anticipate where prices might go next .