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28 June 2021 | 7:16 pm

Shiba Inu Price Testing Lower Highs, Is It The Time To Buy SHIB?

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28 June 2021 | 5:00 pm

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28 June 2021 | 5:23 pm

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28 June 2021 | 3:08 pm

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28 June 2021 | 2:25 pm

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28 June 2021 | 2:00 pm

Europol Cracks Down on Vitae Belgian Ponzi Scheme, Recovers €1.5 Million in Crypto

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28 June 2021 | 3:00 pm

Middle East Eyes for Strong Potential Cryptocurrency Market

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28 June 2021 | 1:40 pm

Bitcoin’s Average Trader Returns Sink to a 14-Month Low as FOMO Factors Become Prevalent

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28 June 2021 | 1:15 pm

Michael Saylor: China's Clampdown on Crypto will be a "Trillion-Dollar-Mistake"

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28 June 2021 | 1:07 pm

Safemoon Price All Set For A Major Upswing, Is It Poised To Surge 30%

Price Analysis Sahana Vibhute

It’s highly probable that many a crypto entrepreneur hopes and dreams that their token will one day attain a coveted spot in the top ten highest-ranked tokens by market cap. After all, if Dogecoin can stage an epic comeback to comfortably occupy a top slot, then anyone else can do it, right? In May, one token managed to do what many believed simply isn’t possible. Internet Computer (ICP) became a top ten crypto within a matter of days from launching. And, if the fundamentals play any significant role in how ICP achieved its meteoric ascent, then another token soon looks set to do the same. ICP’s Solid Fundamentals If shooting to the top of the ranking tables is a rare event, then it takes a rare token to do so, and ICP had a lot going for it at launch. The project behind ICP is Dfinity, a Swiss Crypto Valley VC top 50 unicorn initiative valued at $2 billion last year. A valuation at that level already puts it parallel with Polkadot, Cardano, and Tezos, all of which have established Swiss non-profit foundations to support development. Dfinity attracted significant interest from investors early on, with investors including Andreessen Horowitz and Polychain Capital providing $120 million in funding. For a startup without a product or a proof of concept yet, that’s a significant investment. But Dfinity was promising to deliver something big – the Internet Computer. Many crypto aficionados speak of decentralization in terms of blockchain networks and the number of participants. However, blockchains such as Ethereum generally only host digital assets and their transactions. Application data, web hosting, user interfaces – all of these services are provided in the same way they are to all centralized online services, from the big tech firms like Amazon, Google, and Microsoft. Internet Computer is a decentralized cloud computing service for Web 3.0, meaning that applications can significantly further their journey to becoming truly decentralized. It offers the potential to break the stranglehold that big tech has over the internet. As such, when Internet Computer launched its ICP token in May, the markets went wild for it. Coinbase Pro, Binance, and other projects rushed to list it, and the price skyrocketed to the point where ICP was in the top ten. Things have since calmed down, but ICP nevertheless made a highly impressive debut. A Second Bolt From the Blue? If one such event in a year is a rarity, then two would seem impossible. However, Concordium’s GTU token is currently one of the ones worth keeping a very close eye on, simply for the startling number of parallels that can be drawn between Concordium and Internet Computer. Concordium is also developed by its own Swiss foundation, although the project has its origins in Denmark. It was founded in 2018 by Lars Seier Christensen, who founded Danish investment bank Saxo. It’s now led by Lons Fønss Schrøder, who has served on the executive board of global companies including Volvo, IKEA, and Moller-Maersk. The project also has a research team led by Professor Ivan Damgård, co-author of the Merkle-Damgård construction, a cryptographic hashing function widely deployed in blockchains. Like Internet Computer, the project has also gained enthusiastic backing from investors during private fundraising rounds, having raised $41 million this year alone. It’s also achieved unicorn valuation status, worth $4.45 billion at the time of writing. Solving Enterprise Identity Challenges Concordium has a slightly different but no less valuable proposition from Internet Computer. The project has only just launched its enterprise-grade development platform on mainnet, having undertaken four successive testnet runs over the last twelve months. Concordium believes it can sell itself to enterprises thanks to its unique identity layer. Whereas most public blockchains operate pseudonymously, this level of anonymity is unsuitable for businesses, which often need to identify the counterparties to transactions for legal reasons. Therefore, Concordium aims to solve this dilemma by offering an identity solution that uses zero-knowledge proofs to allow a user to get verified off-chain, then transact as a verified participant on-chain. However, the zero-knowledge proofs ensure that their off-chain identity is anonymized on-chain. The failsafe for enterprises is that if there’s a legitimate legal requirement to identify someone, Concordium initiates a secure process that allows the legal authority making the request to receive confirmation of the user's identity – but without anyone else being privy to the information. Early Interest from Enterprises Concordium has already onboarded at least one major enterprise partner that we know about. In February this year, the project announced a joint venture together with Geely, the firm behind Volvo. The venture involves Geely using Concordium’s blockchain technology to help its enterprise client base develop regulatory and identity-based solutions. Of course, nobody can predict the future. But ICP proved that a token with the right fundamentals could disrupt the upper echelons of the crypto ranking tables right out of the box. Now it’s been done once, it’s just a matter of waiting for the next big token to emerge, and currently, Concordium’s GTU token looks like one of the most likely contenders.

28 June 2021 | 12:24 pm

Can This Token Could Be About to Replicate ICPs Success

News Sara K

28 June 2021 | 5:00 am

Happy Birthday Elon Musk! #Dogefather Trends on Twitter

Breaking News Delma Wilson

28 June 2021 | 12:00 pm

Bank of Tanzania Hints at Possible Crypto Ban Reversal as Spokesman Confirms Bank Is ‘Working on the Directives Given’

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28 June 2021 | 11:00 am

Cryptowisser : Crypto Taxes Will Continue to See a Regulations Increase as Adoption Rises

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28 June 2021 | 11:15 am

UK Financial Regulator Restricts Binance Crypto Business

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28 June 2021 | 11:48 am

TA: Ethereum Regains Strength, Why ETH Could Rally Above $2K

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28 June 2021 | 10:30 am

Oracle Vinny Lingham Still Envisions $100K This Year if Bitcoin ‘Continues to Hold $30K’

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28 June 2021 | 10:25 am

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28 June 2021 | 9:08 am

TA: Bitcoin Gains Traction, Why BTC Could Target Fresh High Above $35K

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28 June 2021 | 9:00 am

Mexico’s Third Richest Man Recommends Bitcoin, His Bank Is Working to Accept BTC, Says Fiat Money Is a Fraud

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Shiba Inu Price Testing Lower Highs, Is It The Time To Buy SHIB?

Korean Banks to Be Relieved of Liability for Crypto-Related Crime, Report Suggests

Is The MATIC Price Correction Over Or Lower Lows Yet To Be Discovered?

Russian Alexander Vinnik Remained To Jail Five Years For Money-laundering

Bitcoin Short Term Speculators Blamed for the Investor Group Realizing Most Losses

Ethereum Price Q2 Journey Hit New Lows, Will ETH Price Pull a Bullish Narrative?

Cardano will Keep up The NFT Craze! Many Incoming Collaborations for ADA!

Here’s How Long Bitcoin Price Might Take to Kick Off a Bull Cycle

HOPR Is Bringing Staking and NFTs To Token Holders

Europol Cracks Down on Vitae Belgian Ponzi Scheme, Recovers €1.5 Million in Crypto

Middle East Eyes for Strong Potential Cryptocurrency Market

Bitcoin’s Average Trader Returns Sink to a 14-Month Low as FOMO Factors Become Prevalent

Michael Saylor: China's Clampdown on Crypto will be a "Trillion-Dollar-Mistake"

Safemoon Price All Set For A Major Upswing, Is It Poised To Surge 30%

Can This Token Could Be About to Replicate ICPs Success

Happy Birthday Elon Musk! #Dogefather Trends on Twitter

Bank of Tanzania Hints at Possible Crypto Ban Reversal as Spokesman Confirms Bank Is ‘Working on the Directives Given’

Cryptowisser : Crypto Taxes Will Continue to See a Regulations Increase as Adoption Rises

UK Financial Regulator Restricts Binance Crypto Business

TA: Ethereum Regains Strength, Why ETH Could Rally Above $2K

Oracle Vinny Lingham Still Envisions $100K This Year if Bitcoin ‘Continues to Hold $30K’

Mexican Billionaire To Accept BTC for His Banking Business

TA: Bitcoin Gains Traction, Why BTC Could Target Fresh High Above $35K

Mexico’s Third Richest Man Recommends Bitcoin, His Bank Is Working to Accept BTC, Says Fiat Money Is a Fraud

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Shiba Inu Price Testing Lower Highs, Is It The Time To Buy SHIB?

Korean Banks to Be Relieved of Liability for Crypto-Related Crime, Report Suggests

Is The MATIC Price Correction Over Or Lower Lows Yet To Be Discovered?

Russian Alexander Vinnik Remained To Jail Five Years For Money-laundering

Bitcoin Short Term Speculators Blamed for the Investor Group Realizing Most Losses

Ethereum Price Q2 Journey Hit New Lows, Will ETH Price Pull a Bullish Narrative?

Cardano will Keep up The NFT Craze! Many Incoming Collaborations for ADA!

Here’s How Long Bitcoin Price Might Take to Kick Off a Bull Cycle

HOPR Is Bringing Staking and NFTs To Token Holders

Europol Cracks Down on Vitae Belgian Ponzi Scheme, Recovers €1.5 Million in Crypto

Middle East Eyes for Strong Potential Cryptocurrency Market

Bitcoin’s Average Trader Returns Sink to a 14-Month Low as FOMO Factors Become Prevalent

Michael Saylor: China's Clampdown on Crypto will be a "Trillion-Dollar-Mistake"

Safemoon Price All Set For A Major Upswing, Is It Poised To Surge 30%

Can This Token Could Be About to Replicate ICPs Success

Happy Birthday Elon Musk! #Dogefather Trends on Twitter

Bank of Tanzania Hints at Possible Crypto Ban Reversal as Spokesman Confirms Bank Is ‘Working on the Directives Given’

Cryptowisser : Crypto Taxes Will Continue to See a Regulations Increase as Adoption Rises

UK Financial Regulator Restricts Binance Crypto Business

TA: Ethereum Regains Strength, Why ETH Could Rally Above $2K

Oracle Vinny Lingham Still Envisions $100K This Year if Bitcoin ‘Continues to Hold $30K’

Mexican Billionaire To Accept BTC for His Banking Business

TA: Bitcoin Gains Traction, Why BTC Could Target Fresh High Above $35K

Mexico’s Third Richest Man Recommends Bitcoin, His Bank Is Working to Accept BTC, Says Fiat Money Is a Fraud

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