• Bitcoin dominance is on the rise as other altcoins such as ADA, DOGE, SOL and SHIB slump by 8%.
• BTC’s market dominance has reached its highest level since June 2022 after it tapped a multi-month high of $26,000 earlier this week.
• Altcoins have declined significantly in the past 24 hours due to BTC’s price movements.
Bitcoin Dominance on the Rise
Bitcoin’s market dominance has been increasing since it touched a multi-month high of $26,000 earlier this week. This surge in BTC’s dominance has pushed several large-cap alts such as ADA, DOT, DOGE, SOL and SHIB into a deep red. Its dominance has now reached its highest levels since June 2022.
Most altcoins have dropped significantly in the past 24 hours due to bitcoin’s price movements. After hitting $26,500 (on Bitstamp), bitcoin was unable to continue upwards and slipped all the way down to $24,000 yesterday. This decline in altcoin prices has caused BTC’s market dominance to increase even further.
BTC Retraces and Calms
After reaching an all time high of $26,500 (on Bitstamp), bitcoin has retraced slightly and settled between $24,000 and $25,000 for now. The bears finally reminded of their presence at this point and didn’t allow the asset to continue upwards anymore.
US & European Banking Issues Worsen
The US and later the European banking issues have worsened over time which led to an increase in demand for Bitcoin – causing its price to go up significantly from below $20k to above $22k then up until it reached an all time high of almost 26k$. This run was short lived however as the bears took control yet again pushing BTC back down around 24k$.
Overall we can conclude that although altcoins are slipping lower than ever due to Bitcoin’s market dominance rising higher than ever before – it is still uncertain whether or not this will be sustainable for any length of time given how volatile cryptocurrencies are known for being.
• DPAT is a new investment platform, allowing users to invest in African real estate and infrastructure projects.
• The protocol behind it will disperse governance and ownership, enable voting on constructions, and provide cost-saving procedures related to trading offshore assets.
• It is based on blockchain technology, ensuring safe, transparent and immutable transactions.
Direct Property Africa Token (DPAT) is a new investment platform that enables users to invest in African real estate and infrastructure projects in cities such as Cape Town in South Africa or Accra in Ghana. With the rising investments into African states, this token could facilitate them in a simplified and secured way by providing certain tax advantages or other cost-saving procedures related to trading offshore assets.
How Does DPAT Work?
The protocol behind DPAT disperses governance and ownership among its users, allowing them to vote on the types of constructions needed for their respective cities; who performs them; where they are situated; how they are executed etcetera. This protocol also promises secure, transparent and immutable transactions with the help of blockchain technology.
Benefits of Investing via DPAT
By investing through DPAT investors can benefit from various incentives such as tax advantages or cost savings while trading offshore assets. Additionally, they can also be part of the decision making process by voting on construction projects within their respective cities – something that was not possible before thanks to traditional banking regulations.
Crypto Adoption In Africa
The reasons for crypto adoption in Africa have been attributed primarily to lack of basic financial services within countries like Nigeria as well as devaluating local currencies which have caused people to look for alternative options when it comes to investing or saving their money securely. This has resulted in an increase of interest towards digital assets within the region which has now been further encouraged with the introduction of DPAT.
Overall, Direct Property Africa Token (DPAT) looks like an exciting project that could bring numerous benefits both to investors looking for lucrative opportunities as well as countries located on the continent looking for funding towards executing their building projects quickly and securely while also providing people with a chance at being part of the decision making process within their cities!
• TRON has partnered with Oraichain to enable AI integration and HackaTRON collaboration.
• This partnership will provide education, incubation, and technical integrations to developers.
• The goal of this collaboration is to expand the use cases of smart contracts and foster a community of developers passionate about blockchain and AI technology.
TRON Partners with Oraichain
TRON has taken a major step towards combining artificial intelligence (AI) with blockchain technology by partnering with Oraichain – the world’s first AI-powered oracle and ecosystem for blockchains. This partnership solidifies the future of decentralized AI by providing educational resources, incubation opportunities, and technical integrations to developers.
Goal of Partnership
The goal of this partnership is to expand smart contract functionality, innovate new use cases, and foster a community of developers who are passionate about the potentials of blockchain and AI technologies. With education resources provided by TRON and Oraichain, developers can learn more about integrating these technologies into their projects.
Revolutionizing Blockchain Industry
The integration of AI into blockchain technology is expected to revolutionize the industry as a whole. With the help from TRON and Oraichain, developers can build innovative solutions that utilize artificial intelligence in order to drive market adoption further.
The TRON-Oraichain partnership also marks a significant milestone in the development of blockchain technology through their ‘HackaTRON’ collaboration which will see both parties work together towards creating advanced solutions that leverage artificial intelligence capabilities.
In conclusion, this collaboration between TRON and Oraichain seeks to revolutionize how we utilize blockchain technology by integrating it with artificial intelligence capabilities – enabling us to create innovative solutions that could benefit society as a whole.