The development activity and the social volume of LINK have recently dropped, indicating reduced interest in the coin. However, its foreign exchange reserve and net exchange flows decreased, a bullish signal that may point to low selling pressure.

The developers behind Chainlink (LINK) recently made the network gain traction after sharing some new promising improvements. The blockchain exceeded the USD 6.18 trillion transaction value and the 4.2 billion data points delivered on-chain.

However, those developments did not influence the price of the LINK token, which traded 4% lower than last week. Its market value reached around USD 7.51, while its market capitalization was above USD 3.68 billion.

Overall on-chain metrics about the price of LINK looked somewhat negative, with several suggesting a bearish trend in the short term.

The Recent Activity on the Chainlink Network Suggests Further Drops

According to market intelligence platform Santiment, LINK may face some difficulties in the coming days.

The trading volume of LINK plummeted after it had risen in late September. The development activity on the network has also dropped over the last few days, a usual red flag for any blockchain.

In addition, the social volume of LINK also depreciated, compared to last week, a negative sign indicating reduced interest in it. However, the Market Value by Realized Value (MVRV) ratio indicator rebounded shortly after, which might help the value of the coin rise.

The Price of LINK May Rise in the Short Term

According to data from CryptoQuant, the foreign exchange reserve of LINK fell, a bullish signal pointing to low selling pressure. Its net exchange flows also dropped below the 7-day average, representing another green flag for the coin.

However, the LINK daily chart showed that some market indicators suggested better days while others pointed to a drop. For example, the 20-day exponential moving average (EMA) was above the 55-day EMA, indicating the advantage of buyers in the market.

According to Bollinger Bands, the price of LINK was in a critical area and might turn volatile in the short term. However, the Moving Average Convergence/Divergence (MACD) indicator revealed the bears gained an advantage when they struggled to register a bearish crossing.

The Relative Strength Index (RSI) and the Chaikin Money Flow (CMF) were also in neutral positions. That indicated that the market might drive the price of LINK higher or lower in the coming days.

Meanwhile, LINK is trading at around USD 7.16 and has accumulated a 2.4% loss over the last 24 hours. While its daily trading volume is above USD 336.80 million, its market capitalization is about USD 3.52 billion, according to CoinGecko.

Investors should research LINK or any other asset before buying it to know its all-time high, behavior, and possible future price. That will allow them to find the most convenient investment opportunity to minimize the risk of losing their money. It is a matter of time before seeing how the market influences the value of that growing altcoin.

By Alexander Salazar

Dating in the metaverse can weed out spammers and catfish through smart contracts.

Dating in the metaverse is here. But are you ready for it? Well, it doesn’t matter because it’s ready for you.

Looking for love on dating apps can be like rummaging through a trash can. But what if there are other ways to find love online? What if those ways involved all the things awesome nerds love…like the metaverse, NFTs, and cryptocurrencies?

It seems that the day has come when we can match our interests in the metaverse. There are a few ideas here, all in their absolute infancy. But they are convincing. So if you’re single and definitely not in love, read on.

Dating in the Metaverse: MetaMATCH

A new app called metaMATCH will be released at any time. The app is the brainchild of media personality Emily Lyons. She says she started metaMATCH because online dating lacks humanity.

“Until today, the online experience has provided many shortcuts, but it mostly connects people based on superficialities. We’ve become so obsessed with our personas online and the idea of ​​perfection that many people lose sight of who they really are and the type of person they can have a meaningful relationship with.”

metaMATCH will roll out its functionality in the coming months. At first, you will match people based on the NFT communities they are in and the NFTs they have. The app can identify similarities based on shared psychographics and combine them based on that person’s unique online behavior. Lyons says the following:

The app is also a hybrid matchmaker. That is, users can schedule a coaching session with dating experts and get tips on how to have a good conversation, what to wear on a date, and how to stop being so anxious. So, if you are an enthusiastic NFT geek, get this app on your phone as soon as possible.

Dating with DAO

“Dating DAO” is a dating app like Tinder or Bumble but on the blockchain. Each DAO has rules and guidelines agreed upon by the DAO community and placed in a smart contract.

So why are they emerging as an alternative to existing Web 2.0 dating apps? Because people are falling out of love with swiping images.

The early days of Web 2.0 dating apps seemed to be exciting for the user. However, it has now been widely reported that these apps make people unhappy and don’t lead to hookups like they used to.

Dating app fatigue has definitely set in. So something new is definitely needed to fill the gap.

Members of a dating DAO can vote on how the DAO works. They can decide how people are matched with each other. If this process is a disaster, they can vote again to improve the process.

In closing, it’s worth considering that anyone who has used Web 2.0 dating apps knows that they are full of love scammers and people who want to get paid for sex. So maybe Web 3.0 dating could be a solution?

It’s the start of dating in the metaverse, however, the first baby born from this should have a cool name like X Æ A-12.

By Audy Castaneda

Researchers from Harvard have found that the Bitcoin network only consumes about 0.55% of the energy produced worldwide. The mining activity allows electricity service providers to monetize their unused capacity, only releasing what is necessary to meet demand.

Economist Mickey Koss has discussed how Bitcoin (BTC) may help solve some issues concerning wind and solar power. He addresses the topic of its alleged waste of energy, the most frustrating criticism about the network.

Electricity Service Providers Should Use their Excess Energy

Prominent researchers from Harvard University have found that the Bitcoin network only consumes about 0.55% of global energy production. They have estimated the use of between 6% and 10% of electricity only in transmission and distribution.

It would not be a problem if Bitcoin used more energy, as it would become wasted anyway.

The government of California seeks to achieve carbon-neutral goals by using batteries on an industrial scale. That idea is against its objectives, as it requires extracting millions of tons of raw materials. In addition, it allows powering around one million homes for only four hours.

Therefore, they would need a battery exceeding five times the global capacity. There was no practical way to store the enormous amount of unused energy until Bitcoin mining emerged.

Bitcoin Mining Helps Convert Unused Energy into another Type of Battery

Producing electricity is expensive and complicated as it is necessary to maintain enough capacity to serve immediate daily needs. Since it also requires supporting the expected growth of the population, most companies are operating below their capacity.

Electricity service providers can monetize their unused capacity thanks to Bitcoin mining, which only uses enough energy to meet daily demand. That allows companies to stop the pace of rate increases, helping those who cannot afford a higher energy bill.

The Bitcoin mining market is liquid, allowing businesses to sell the extracted coins immediately. That way, they can achieve their income goals and help protect the network while helping those with lower incomes. It also contributes to a broader distribution of BTC as leading miners will no longer be single-purpose companies.

The additional cash the operators on the network obtain may help them spend more money on maintenance and development. That would make the blockchain more resilient and sustainable for future generations.

Therefore, those claiming that Bitcoin mining uses too much electricity daily should know that it consumes much less than they waste. They should also stop wasting energy, leaving idle capacity to convert it into another type of battery: money.

Those needing excess and unused capacity may use Bitcoin mining as a sponge. At the same time, they can help support a future with plenty of reliable electricity for citizens worldwide.

Meanwhile, Bitcoin is trading at around USD 19,216 and has accumulated a 0.1% loss over the last 24 hours. While its daily trading volume is above USD 21.81 billion, its market capitalization is about USD 368.28 billion, according to CoinGecko.

By Alexander Salazar

The Libertex platform provides access to cryptocurrency CFDs with zero commission fees and tight spreads.

Cryptocurrencies are gaining popularity day by day. As its popularity increases, so does the number of users who want to get their hands on it. But cryptocurrency trading is not as easy as it seems on paper.

Many are unwilling to trade cryptocurrencies due to high commissions and fees. Some platforms take a portion of your earnings if you regularly engage in buying and selling.

Some cryptocurrency trading platforms have reduced or even eliminated their fees to deal with such scenarios. However, are platforms that advertise zero commissions legitimate?

Let’s take a look at Libertex, a stock and CFD trading platform, and how it legitimately tries to achieve this.

What is Libertex?

Libertex is an online broker that offers CFD trading. Some of its underlying assets are commodities, currencies, ETFs, and cryptocurrencies.

Part of the Libertex group, it was founded in 1997, and serves millions of users within the EEA and Switzerland.

Also, the platform has become one of the best CFD providers. In fact, Libertex has received great recognition, listed below:

• “Best CFD Broker in Europe” – Global Brands Magazine (2022)
• “Most Trusted Broker in Europe” – Ultimate Fintech Awards (2021)

It is remarkable to come across a CFD broker that can boast such accolades:

“In fact, we are known as a broker you can trust, and this is a huge draw for many, especially in the context of cryptocurrency CFDs. But our competitive advantage goes far beyond mere honesty and choice of underlying assets. One of the key positives that we constantly hear from customers is the quality of our platform,” claims Mario Chailis, Libertex Marketing Director.

What are CFDs?

In a contract for difference (CFD), the buyer and seller agree that the seller will receive the difference between the current value of the asset and the value at the time of the contract. CFDs give traders the opportunity to profit from price fluctuations without having to hold the underlying assets.

CFD trading is when traders trade the price change during entry and exit. It does not consider the current value of that asset.

How do Platforms Provide Commission-Free CFD Trading?

To ensure day-to-day activities are met, most platforms charge a commission or feeS on every trade. Rates vary for each activity. It has deposit fees, withdrawal fees, and maker fees, taker fees, trading fees, as well as listing fees.

However, the platforms also include the bid-ask spread, and that is why they can offer commission-free trading. Actually, this is not a fee charged by the platform, but the difference between the highest and the lowest price that the buyer puts on the table.

Libertex zero commission on Cryptocurrency CFD trading

Libertex offers zero commissions through its promotional offer. In order for users to benefit from this offer, they must make a deposit of 100 euros. Users can use the deposit to trade cryptocurrency CFDs.

Libertex offers cryptocurrency CFD trading without exchange fees, swap fees, and commissions. Sounds great, doesn’t it?

Traders should note that the spread is not zero. However, Libertex offers tight spreads. When the gap between the selling price and the buying price is small, the spread is said to be “tight or narrow”.

In short, high commissions and trading fees are a hindrance for crypto traders.

Libertex’s zero commission initiative can be a huge relief, especially when you’re doing multiple transactions. Additionally, you can choose from over 70 popular cryptocurrency CFDs to trade.

By Audy Castaneda