Gaming coins, management tokens and other promising cryptoprojects with potential for growth in price.Review by Crypto-Upvotes experts

Every year a number of cryptocurrencies grows and it becomes difficult to determine which of the new coins can potentially bring profit. And which cryptoprojects should be treated with more skepticism. Our experts have named several promising tokens that have been released recently.

Apecoin (APE) 

One of the interesting novelties of 2022 is APE token. It was introduced by the developers of the acclaimed NFT collection Bored Ape Yacht Club (BAYC). The idea of the project is to use the new token as a manager in the ecosystem under development.

The BAYC developers plan to create a full-fledged meta universe for the owners of NFT collection monkeys. Apecoin will be used as a token to provide in-game transactions. And allowing you to take part in voting on the future of the project, says our expert.

Bored Ape collection almost immediately after the launch has become a kind of cult. It is used primarily as an admission ticket to the private club of “crypto-snobs”. APE owners can indirectly benefit from the development of this small but rather strong community.

“Potentially, after the change in global market trend, we can expect a high interest in this project, and, consequently, practical application of tokens and their multiple increase in price,” – believes our expert.

Aptos (APT) 

Our expert also called cryptoprojects Aptos, a new blockchain, a rather bright and loud novelty of 2022. The project is interesting from the point of view of marketing campaign. But not only because of that, it can also be useful as a testing ground for new technological solutions in the industry.

The team of Aptos creators is trustworthy. Earlier this team was engaged in development of Diem cryptocurrency wallet for social networks of Mark Zuckerberg. This cryptocurrency project never took off because of the resistance of American regulators. But according to our expert, there is no doubt in the competence of the developers.

Aptos blockchain is aimed at the hottest topic of this year – Web3. And this also plays into the hands of the project, which only attracts participants and investors so far. This blockchain has all the major innovations. Such as parallel transactions to increase the conductivity of the blockchain. As well as smart contracts, a system of increased cybersecurity, and the ability to run NFT collections.

Now the ecosystem is actively being filled with applications. Our expert believes that by the new year there will be a significant inflow of liquidity into the ecosystem. Aptos is definitely worth keeping an eye on in the next six months although the start of APT token trading in the middle of October was quite scandalous.

“Unfortunately, the reality is that today it is not so much the most useful projects that survive as the most quoted ones. Although one should not belittle the merits and technical results of the Aptos team. But it is obvious that the emphasis of the project is on the marketing component,” said our expert.

Battle Infinity (IBAT) 

If we consider more risky, but no less promising cryptoprojects in 2022. Then we should also pay attention to Battle Infinity gaming tokens. Despite the fact that previously the team of developers from India has not been seen in successful cryptoprojects, their proposed concept is interesting.

Token essence, as in many similar projects, comes down to the role of manager and in-game token, our expert explained. He specified that in case of successful realization this project will unite several sports games inside its own single Metaverse. In this Metaverse IBAT will be the link of the whole ecosystem.

Buying this token is quite a risky investment for this type of project at its current stage of development. Especially with the bearish trend of the whole crypto market, our specialist warned. But, he noted that in case of success, it may turn out that the price of the token will increase many times due to its active use within the ecosystem. Although the project is risky, it is worthy of careful study.

Algorand (ALGO) 

Another cryptoprojects worth keeping an eye on, even though it is not as new as the above mentioned ones, is Algorand. Our expert explained that it is a decentralized platform with smart contracts for DeFi, digital asset release, Web3 projects and other similar developments.

Our expert again turned his attention to the team of creators. This project was started by MIT professor Silvio Micali. The team managed to achieve partnership agreements with a number of states over several years. These include states like the Marshall Islands and El Salvador. This means that blockchain is potentially interesting for launching national digital currencies (CBDC).

Also, our expert pointed out that USDT and USDDC stackcoins are already running on the Algorand blockchain. And this means that it is a sought-after network. In the long term, Algorand may take its niche among other DeFi-oriented ecosystems.

Disclaimer: We do not give financial advice on buying certain cryptoprojects. This review focuses on cryptocurrencies that are promising according to our experts

In the first phase, Telegram auctioned off usernames reserved by messenger team. Review by Crypto-Upvotes experts

Web3-marketplace Fragment was launched. It sells the names of Telegram users. On the evening of October 26, the first auctions were opened on the blockchain platform. Names in the form of digital assets are sold using smart contracts.

Names reserved by a Telegram team are put up on this platform. These are names such as @chat, @bank, @cryptotrader and others. Auctions last one week from the first bid. So far, the maximum bid is for the name @casino – 52.5 thousand TON ($84 ths.), @bank with a bid of 63 thousand TON ($100.8 ths.) and @auto – 31.5 thousand TON ($51.3 ths.).

Minimum bid depends on length of user name. Initial cost of a four-letter username is 10,000 TON (about $16,000). The minimum price for names with more characters starts from 500 TON ($800).

Pavel Durov announced plans to launch Web3-marketplace in late August. Other elements of Telegram’s ecosystem, including channels, stickers or emoticons, could also be part of that market later, said Durov, founder of Telegram.

Our Crypto-Upvotes experts discussed how US dollar affects cryptocurrency market. And gave predictions about the further movement of leading cryptocurrencies

Bitcoin rate rose from $19.5 ths. to $21 ths. per day. Ethereum rose by 13% and passed the mark of $1.5 ths. Among the top 30 cryptocurrencies by capitalization, all coins, except stabelcoins, increased in value. Market capitalization of entire digital currencies market showed growth of 6.9% and exceeded $1.047 billion.

At the same time, the US dollar collapsed against the euro on Forex market to its lowest level in five weeks. For the first time in this time, the U.S. currency became cheaper than euro. Dollar index (DXY) is also near a three-week low.

Impact of dollar index on cryptocurrency rates

How Bitcoin and the crypto market in general behave is influenced by the U.S. Dollar Index. Our expert explained that the DXY index (U.S. Dollar Index) shows the dynamics of the dollar against a basket of major world currencies. Such as : Euro, Swiss Franc, Pound Sterling, Canadian Dollar, Japanese Yen and the Swedish Krona.

Thus, the index shows the growth or decline of the U.S. dollar relative to a basket of currencies. When the index goes up, Bitcoin usually goes down. And when the index falls, Bitcoin goes up. This inverse correlation between the dollar index and Bitcoin was noticed a decade ago, and has been confirmed constantly since then.

Now Bitcoin’s rise above the $20,000 mark is due to the DXY index going down. The reason for this is the release of good reports by IT giants. As well as relatively positive data on the US labor market. And investors’ hopes that this information will lead FED to stop raising the rate.

Short-term strengthening of BTC or not?

However, despite some slowdown in U.S. inflation. The Fed will continue to tighten monetary policy. According to our expert, there is now too big a gap between inflation and the rate. Therefore, there is no reason to expect a strong slowdown in prices.

As early as next week at the meeting, Fed policymakers may raise the rate again by 75 bps (0.75%) to 4%. If FED declares that this trend will continue in the coming months, then today’s rate rally will be crossed out and sent to the trash garbage can.

According to our expert, we should expect in this case a new decrease of Bitcoin to the area of $15 thousand or even lower. Ethereum may go down to $1,000.

Under current conditions, cryptocurrency investors can liquidate futures positions. And make a profit by simply locking in profits on buy trades. Because there is no certainty that the current growth trend will continue now. Most likely, in the coming days it will be possible to observe the development of demand for the US dollar again.

What are prospects for growth of BTC?

Most likely, the trend of declining cryptocurrency rates may begin to change only in the first half of 2023. According to our expert, that is when the process of Fed’s monetary policy tightening may end. Or the step of rate increase will not exceed 0.25%. Then stock markets will start to form trends on increase of quotations. And on cryptocurrency market too, it will happen.

Manufacturer of luxury smartphones Vertu has officially introduced a new device, METAVERTU. Calling it “the world’s first Web3 phone”. Review by Crypto-Upvotes experts

Vertu , which produces luxury smartphones, unveiled and released a series of new METAVERTU devices. Calling them “the world’s first Web3-phones. The line includes 10 models priced from $3,300 to $41,500.

Vertu supports Web2 and Web3 systems. It also has a built-in cryptocurrency wallet, and a marketplace of decentralized applications. Also, the device allows to create and store NFT. Especially for Ethereum validators, the phone has a version of a node for mining ETH.

Previously, other companies were engaged in similar developments. There were announcements of crypto-phones Exodus from HTC, Finney from Sirin Labs and KlaytnPhone from Samsung’s Galaxy Note line. But there are virtually no such handsets on sale. The KlaytnPhone website says the smartphone is only available in South Korea.

This June, Solana Mobile, a subsidiary of Solana Labs, announced the Saga. It is an Android-based smartphone with private key storage and a decentralized Web3 app store. The device is not yet available for purchase ! But it is already available for pre-order for the beginning of next year.

What events in the next month may lead to changes in the price of Bitcoin. And to what levels it can rise or fall

First Cryptocurrency has continued to trade in a relatively narrow range since mid-June 2022. Since then, the rate of BTC fell to a low of $17.6 ths. And at its peak, it reached $25.2 ths. Most of the time, cryptocurrency is near the mark of $20 ths.

Over the past month, the Bitcoin price range has become even narrower. Maximum value of the rate for the last 30 days reached $20.4 ths (October 6). The rate of Bitcoin fell to a minimum on the day of publication of the U.S. inflation data for September. At that time the price of BTC fell to $18.3 ths, but quickly recovered.

As of Oct. 24, the leading cryptocurrency is trading around $19,200, according to CoinMarketCap. Bitcoin has a market capitalization of $371 billion, with a daily trading volume of $28.8 billion. The asset’s share of the cryptocurrency market is 38.3%.

U.S. congressional elections and macroeconomics could affect BTC price

The U.S. Congressional elections are due in November, our Crypto-Upvotes experts note. Cryptocurrency and traditional markets are generally strong in the run-up to this election. However, our experts say it’s not quite right to expect the same rate behavior as it did after the last election. The previous congressional elections were held in early November 2020. The cryptocurrency market was in a bull market. And since then, Bitcoin has gone from $15k to $61k by April 2021.

But today both the stock market and the cryptocurrency market are still bearish. And the volatility in the cryptocurrency market is quite low. Therefore, no serious rally is expected from BTC. In case it fails to rise above $23k, the downward pressure will continue.

The bearish pressure is amplified by global macroeconomic weakness combined with the popularity of short ETFs on Bitcoin. This raises concerns about whether this time there will be a repeat of November 2018, when Bitcoin collapsed from $6k to $3k also after a long period of consolidation and low volatility.

Investors, primarily institutional investors, as in the stock market, always assess the situation in terms of the reaction of the Federal Reserve (Fed). As well as on macroeconomic data on the United States. Therefore, the price of BTC may react to further Fed Funds rate hikes.

Also, among important events for Bitcoin and the entire crypto market in November, our expert called the TOKEN2049 conference. It will be held from November 9 to 10 in London. Our expert noted that it will be attended by such well-known figures in the cryptocurrency community as Galaxy Digital founder Mike Novogratz, Tezos co-founder Kathleen Breitman and Blockchain.com CEO Peter Smith.

There is hope that the rate will soon stop rising by 75 bps. (0,75%)

At least a “slight hope” that the rate will soon stop rising by 75 bps (0.75%) at the end of each meeting. . As well as reduction at least to 0.25% or suspension of increases. All this will lead to the development of a medium-term trend for growth i Bitcoin rate.

In this case, psychologically important level of $20K may be overcome. This will allow the bulls to rush to the levels of $24K and $28.3K in the coming month. More rapid growth looks too optimistic variant so far. But it may lead to $32 thousand and $36.8 ths, says our expert.

It’s also worth paying attention to the following levels in the price of BTC when it grows: $20.5 ths, then $22.8 ths. Reaching the same Bitcoin mark at $25 K will already mean the change of current bearish trend.

Signals for continuing a bear market trend

Signal to continue bear market could be the level of $16 K. Then we should pay attention to the level of $14 K, and, finally, $10 K.

In the coming month, Bitcoin may show a decline. First, price of the first cryptocurrency may fall to around $18 K, and later to the area of $15 K – $16 K. Our expert noted that it will be possible if Fed rate will continue to rise.

Interpol announced the creation of a group of experts on Metaverse. So that representatives of law enforcement agencies could be present in the new virtual world.

The International Criminal Police Organization (Interpol) introduced the first Metaverse. Digital World was specifically for law enforcement agenci. This is stated in an article on their website. Users of INTERPOL Metaverse will be able to take a virtual tour of the INTERPOL headquarters in Lyon, France. As well as communicate with staff avatars and take training courses on forensics and other subjects.

Also announced at this event was the creation of a group of experts on digital universes to represent law enforcement in the new virtual world. Interpol concluded that the growth in the number of users and virtual worlds will be accompanied by an increase in digital crimes. These include data theft, money laundering, fraud. As well as extortion, phishing, sexual harassment and stalking.

At the same time, Metaverse brings many benefits to law enforcement, Interpol noted. Among them were the ability to work remotely, networking, collecting and preserving evidence and training.

During the demo, experts conducted a training course on checking travel documents and screening passengers in Metaverse class. Then students went to digital airport. There they were able to apply the acquired skills at the virtual border checkpoint.

Earlier, Interpol announced the creation of a cryptocurrency crime unit. The team, based in Singapore, will assist law enforcement agencies in different countries in investigations related to digital assets.

Some cryptocurrencies rose in value by more than 1,000 times in the past 30 days. What coins you could earn on, review by Crypto-Upvotes experts

Despite small fluctuations in the prices of leading cryptocurrencies lately. Some of the little-known altcoins have shown significant growth over the past month. It is difficult to foresee such events, but owners of such cryptocurrencies received a significant capital gain due to the increase in prices of these tokens.

One of the coins increased in price by almost 300,000%. And several others showed more than multiple returns. We’ve compiled a list of tokens that have risen significantly in the last 30 days.

Scholarship Coin (SCHO) — 298 857%

SCHO token grew by 298,857% over the month. Back on October 3, its price was about $0.05, and on October 7 it reached $6. The token is traded only on FinexBox, paired with USDT.

The goal of a little-known Scholarship Coin project was to create a scholarship model. In which students would be rewarded depending on their performance at a recognized educational institution. According to the idea of the developers of this project, the system will encourage students from all over the world to perform better.

According to the developers’ plan, SCHO is a Stablecoin that is supposed to be tied to the value of the U.S. dollar. However, as of Oct. 7, the coin’s price remains at $6-7.

APTOS (APT) — 10 000%

Aptos cryptocurrency soared by 10,000% in the first minute after the start of trading in pair with USDT on Binance platform. The token rose from 1 USDT to 100 USDT, but then dropped just as quickly to 7-8 USDT. In a trading pair to the Binance Stablecoin, the token rose to 58 BUSD.

APT token is a cryptocurrency of the new Aptos blockchain launched on October 18. It allows the creation of smart contracts and decentralized applications in Move. This programming language has increased code security and reliability. In addition to Binance, token trading was supported by platforms such as Huobi, Coinbase and FTX.

Cryptocommunity was waiting for the launch of the new token. Therefore, the trading volume of this cryptocurrency reached more than $800 million in the first 6 hours. At the same time, the rate of another coin with the ticker APT – Apricot Finance – rose against this background. This token is not related to the Aptos network. The price of Apricot Finance rose 70% overnight, according to CoinMarketCap.

Brazil National Football Team Fan Token (BFT) — 492%

BFT cryptocurrency showed a 492% growth over the last month. From September 19 to 29, it rose in value from $0.28 to $1.66. On Oct. 19, the token costs $1 and is traded on several crypto exchanges, including Gate.io and MEXC Global.

BFT is a fan token for Brazil’s national soccer team. Its holders can enjoy benefits such as communicating with the national team on the Bitci Fan Token platform. Or meetings and phone calls with one of the current players or legends of the team. As well as entering the locker room, watching matches in VIP areas and so on.

The growth of Fan Coins often occurs against the backdrop of important sporting events involving the team. Thus, the impact on the prices of these cryptocurrencies can be explained by the matches. Which are taking place this fall in the run-up to the 2022 World Cup finals. Which will take place in November and December in Qatar.

Spain National Football Team Fan Token (SNFT) — 466%

Another fan token, SNFT, has shown significant growth over the past 30 days. As its price rose 466% from Sept. 22 to Sept. 29, from $0.15 to $0.85. And on Oct. 19, the token is worth $0.43 and is also traded on several crypto exchanges, including MEXC Global, XT.com and Bitci.

The Spanish soccer team fan token is a BRC-20 standard cryptocurrency. Also with the help of which fans of the team can participate in various promotions and events of the club. And buy NFTs, get fan awards and much more.

Decentralized Social (DESO) — 283%

From September 20 to October 8, the token rose in value from $6 to $23, that is, by 283%.

Decentralized Social (DESO) is a blockchain designed to develop and support decentralized Web 3.0 social networks. Founded in 2019, this network is supported by the DeSo Foundation, a nonprofit organization.

Mdex (MDX) — 266%

The cryptocurrency MDX increased in value by 266% from $0.06 to $0.22 from Oct. 10 to 14. The token is traded primarily on the Mdex platform itself.

MDX is a token of the decentralized cryptocurrency exchange of the same name. It is based on two networks: Huobi Eco-Chain and Ethereum. The token is used in several ways: as collateral for loans, as an asset for lending. And also as rewards in the ecosystem and as a gas fee for all transactions on that platform.

Rich Quack (QUACK) — 253%

Between October 7 and October 13, the price of QUACK token rose 262%. The coin is still worth well under $1. However, its capitalization rose from $40 million to $145 million. QUACK is traded on platforms such as Digifinex, MeXc Global, Gate.io and LBank.

Rich Quack is a hyper-deflationary token based on the Binance Smart Chain (BSC). Its purpose is to reward holders by “generating profits without friction.” Holders do not need to place the token in a stack. That’s because profits are accrued by smart contracts.

The protocol generates returns with fees of 12% per transaction. 4% of each transaction is distributed to holders. And another 4% is given to the QUACK / BNB liquidity pool. 2% goes to pumping and burning wallets to create an “ever-increasing price floor.” And 2% goes to marketing and the developer’s wallet.

Morpheus Network (MNW) — 234%

MNW token increased in value by 234% from September 28 to October 18. Its price rose from $0.44 to $1.47 during that time. The coin is traded on exchanges such as KuCoin, BKEX, Gate.io and Uniswap (v3).

Morpheus Network is a platform focused on logistics and supply chain optimization using blockchain technology. The Morpheus project collaborates with companies such as DHL, FedEx, SWIFT, Oracle and China Post, according to project website.

Disclaimer: We do not give financial advice on buying certain cryptocurrencies. This review focuses on cryptocurrencies that have grown recently.

BTC has been written into history of world achievement Guinness Book of World Records on several counts, Crypto-Upvotes experts review

Bitcoin has been listed in Guinness World Records, the latest edition of Guinness World Records 2023. BTC is listed as the oldest cryptocurrency. And also as the first decentralized cryptocurrency and the most expensive cryptocurrency.

The latest of these records was recorded on March 24, 2022. On that day, Bitcoin was worth $42,900 and had a market capitalization of $816 billion. In addition, several other records related to BTC can be found in the book. For example: the largest theft of a cryptocurrency or the world’s first confiscation of a cryptocurrency. And even the largest cryptocurrency poker win ($1 billion).

There are also many NFT-related entries in the Record Book now. Among them is the very first unique Quantum token created in 2014. Or the most expensive token from NFT collections – CRYPTOPUNK #5822, bought for $23 million. And also the most expensive NFT issued by a sports club – Manchester City (UK) tokens with a market capitalization of $47 million.

Ethereum also appeared in the Guinness Book of World Records. However, ETH is not marked by any record. It is mentioned in an article about the first NFT Terra Nullius released on this blockchain in 2015.

The Interpol team, based in Singapore, will assist different countries’ law enforcement agencies. Assistance will be provided in investigations related to cryptocurrencies. Crypto-Upvotes expert review

Interpol has created a specialized unit to combat crimes related to cryptocurrency and other virtual assets, reports Business-Standard. The creation of the unit was announced by Secretary General of the International Police Jürgen Stock. This was said at a press conference before the start of Interpol’s 90th jubilee General Assembly. It takes place in Delhi from 18 to 21 October.

The main problem faced by law enforcement agencies of different countries in their investigations, the head of Interpol called the lack of a legal framework with regard to assets such as Bitcoin and Ethereum. The new team, formed in Singapore, will help fight crimes in this area in different countries. Currently, the international police force has more than 190 member states.

Interpol has helped investigate cryptocurrency crimes many times before. Not long ago, the international police issued their “red notice” against Terraform Labs co-founder Do Kwon. He is facing charges in connection with the $60 billion collapse of cryptocurrencies he created.

Tornado Cash is under attack again. Most MEV bots do not handle addresses of this service.

Ethereum validators have begun rejecting most transactions related to the Tornado Cash service. As well as addresses on the U.S. Office of Foreign Assets Control (OFAC) sanctions list. So according to the MEV Watch tool from blockchain company Labrys. About 52% of blocks on the Ethereum network are validated through MEV bots that comply with U.S. sanctions. Another 6% of validators use bots that do not enforce sanctions. And about 42% of nodes on the network do not use such programs.

MEV bots are centralized software designed to extract maximum extractable value (MEV). Such software has become popular among validators because it efficiently selects those transactions that can generate the most profit.

MEV Watch shows which bots have been adhering to OFAC sanctions since Ethereum switched to Proof-of-Stake. These bots “discard” blocks with transactions associated with sub-sanctioned addresses. And this leads to an inability to put these transactions into the blockchain, no matter how high the fee would be.

According to platform data, there are currently 7 popular MEV bots. They are: Flashbots, BloXroute Max Profit, BloXroute Ethical, BloXroute Regulated, BlockNative, Manifold and Eden. Of those, only 3 do not censor transactions as required by OFAC. They are: BloXroute Max Profit, BloxRoute Ethical and Manifold.

Remember that on August 8, the U.S. Treasury Department published an update to the sanctions list (SDN). They included Tornado Cash cryptocurrency protocol and associated digital wallet addresses. The reason for blocking was that this service is used by hackers to launder illicit proceeds.

The attack on confidential Tornado Cash service continues. Our experts believe that in the near future the pressure on this service will only grow. We hope that they will be able to withstand all these blows.