Home / Ripple News /Bitget Introduces MegaSwap For A Re-Invented DeFi Experience

Bitget Introduces MegaSwap For A Re-Invented DeFi Experience

26 Dec 2022

Litecoin raced to a ten-day high to start the week, as markets returned from the Christmas holiday weekend. The token extended recent gains to start the week, and neared a key resistance point in the process. Xrp was also higher, as it also collided with a price ceiling.

Litecoin (LTC) was one of the notable gainers on Monday, as the token raced to a ten-day high.

LTC/USD rose to a high of $70.83 to start the week, which comes less than a day after hitting a low of $65.54.

Today’s surge has taken litecoin to its highest point since December 16, and closer to a key resistance level of $72.00.

As can be seen from the chart, Monday’s move comes as the 14-day relative strength index (RSI) rose above its own ceiling at 45.00.

The index is currently tracking at 51.79, with the next visible point of support at the 54.00 level.

Should the RSI reach this point, it is highly likely that prices will also collide with a ceiling of $72.00.

XRP, formerly ripple, also moved higher to start the week, as the token collided with a key resistance point.

Following a low of $0.3447, XRP/USD hit a high of $0.356 earlier in today’s session, which is also a recent price ceiling.

Monday’s gain is the highest point that XRP has hit since December 18, and comes as traders returned from the Christmas holiday weekend.

Looking at the chart, this move accompanied a recent move beyond a ceiling on the RSI of 42.00.

As of writing, the index is now tracking at 43.45, which is its strongest point since December 15.

Ultimately, should this trend continue, XRP could continue to move towards the $0.4000 mark.

Register your email here to get weekly price analysis updates sent to your inbox:

Tags in this story
Analysis, litecoin, LTC, Ripple, XRP

Do you expect crypto markets to move higher heading into the new year? Let us know your thoughts in the comments.

Eliman brings an eclectic point of view to market analysis, he was previously a brokerage director and retail trading educator. Currently, he acts as a commentator across various asset classes, including Crypto, Stocks and FX.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Following a Brief Fee Spike, Gas Prices to Move Ethereum Drop 76% in 12 Days

Transaction fees on the Ethereum network are dropping again after average fees saw a brief spike on April 5 jumping to $43 per transfer. 12 days later, average ether fees are close to dropping below $10 per transaction and median-sized ... read more.

Litecoin raced to a ten-day high to start the week, as markets returned from the Christmas holiday weekend. The token extended recent gains to start the week, and neared a key resistance point in the process. Xrp was also higher, as it also collided with a price ceiling.

Litecoin (LTC) was one of the notable gainers on Monday, as the token raced to a ten-day high.

LTC/USD rose to a high of $70.83 to start the week, which comes less than a day after hitting a low of $65.54.

Today’s surge has taken litecoin to its highest point since December 16, and closer to a key resistance level of $72.00.

As can be seen from the chart, Monday’s move comes as the 14-day relative strength index (RSI) rose above its own ceiling at 45.00.

The index is currently tracking at 51.79, with the next visible point of support at the 54.00 level.

Should the RSI reach this point, it is highly likely that prices will also collide with a ceiling of $72.00.

XRP, formerly ripple, also moved higher to start the week, as the token collided with a key resistance point.

Following a low of $0.3447, XRP/USD hit a high of $0.356 earlier in today’s session, which is also a recent price ceiling.

Monday’s gain is the highest point that XRP has hit since December 18, and comes as traders returned from the Christmas holiday weekend.

Looking at the chart, this move accompanied a recent move beyond a ceiling on the RSI of 42.00.

As of writing, the index is now tracking at 43.45, which is its strongest point since December 15.

Ultimately, should this trend continue, XRP could continue to move towards the $0.4000 mark.

Register your email here to get weekly price analysis updates sent to your inbox:

Tags in this story
Analysis, litecoin, LTC, Ripple, XRP

Do you expect crypto markets to move higher heading into the new year? Let us know your thoughts in the comments.

Eliman brings an eclectic point of view to market analysis, he was previously a brokerage director and retail trading educator. Currently, he acts as a commentator across various asset classes, including Crypto, Stocks and FX.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Tony Hawk's Latest NFTs to Come With Signed Physical Skateboards

Last December, the renowned professional skateboarder Tony Hawk released his “Last Trick” non-fungible token (NFT) collection via the NFT marketplace Autograph. Next week, Hawk will be auctioning the skateboards he used during his last tricks, and each of the NFTs ... read more.

Like most crypto projects this year, non-fungible tokens (NFTs) felt the pain of 2022’s crypto winter as sales are down a great deal and blue-chip NFTs have been slashed in value. For instance, last month, there was roughly $534 million in NFT sales compared to the $2.77 billion in NFT sales sold in Dec. 2021.

2022 hasn’t been kind to non-fungible token (NFT) holders, and statistics show that interest in the subject has dropped a great deal this year. Google Trends (GT) data shows that the search term “NFT” had a score of around 52 during the week of Dec. 26, 2021 – Jan. 1, 2022. The term also skyrocketed to the highest score of 100 on Jan. 16 – Jan. 22, 2022.

Today, however, for the week of Dec. 18 – Dec. 24, 2022, the search term “NFT” has a score of around 16. There’s been a slight rebound in interest recently in NFTs according to GT data, which started around Dec. 4, 2022. GT data shows the most interested region in NFTs today is China, followed by Hong Kong, Singapore, Nigeria, and Taiwan.

Statistics also show that NFT sales volume has dropped a great deal since last year. Cryptoslam.io data indicates that there was $2.77 billion in NFT sales sold in Dec. 2021, and last month only $534 million in NFT sales were recorded. Metrics saved to archive.org indicate that during the week of Dec. 27, 2021, $414.84 million in sales were recorded.

Sales during the week of Dec. 27, 2021 were also down 32.05% lower as the previous seven days saw $610.53 million in sales. In terms of NFT sales by blockchain at the time, Ethereum saw $334.83 million out of the $414.84 million in total sales that week. The week of Dec. 27, 2021, Ronin had roughly $45.65 million in sales and Solana had just over $16 million in sales during the seven day period.

The top five projects or collections in terms of seven day sales during the last week of Dec. 2021, included Mutant Ape Yacht Club (MAYC), Cryptopunks, Axie Infinity, Bored Ape Yacht Club, and The Sandbox. This month, roughly a year later, NFT sales pale in comparison to the purchases made last year. As of Dec. 25, 2022, NFT sales dipped by 12.22% this week as $154.02 million in sales were recorded during the past seven days.

Over the trailing seven days, there were 295,338 NFT buyers and just over one million NFT transactions. This week, the top blockchain in terms of NFT sales is still Ethereum (ETH) and over the last seven days, there’s been $129.23 million in NFT sales that derive from the ETH chain.

ETH is followed by Solana, Polygon, Immutable X, and Cardano in terms of the largest sales last week by blockchain. Last year, on Dec. 27, 2021, an NFT called “Mega” sold for 888 ether which was worth $3.6 million at the time. Furthermore, on the same day, Cryptopunk #9137 sold for 310 ether or $1.21 million at the time of sale.

Dappradar stats indicate that Cryptopunk #9137 is now worth anywhere between 63.95 ether or $77,995 (Cryptopunks’ current floor), or 377.24 ether or $460K (Dappradar estimates). Last year’s archived data from nftpricefloor.com indicates that the floor value of a Bored Ape Yacht Club (BAYC) NFT was around 87.5 ether. ETH was also trading for $4K per unit at that time, which means 87.5 ether was around $350,000 at the time.

A Cryptopunk could be purchased for 65 ether on Dec. 19, 2021, and its value at that time measured in U.S. dollars was around $260K. Sales recorded on Dec. 25, 2022 are a completely different story, as current statistics from nftpricefloor.com show a BAYC can be purchased for 69.88, which is worth roughly $85,159 using today’s ether exchange rates.

A cryptopunk NFT purchased at the current floor value on Dec. 25, 2022, will cost 63.95 ETH or around $77K in USD value. GT data also shows that interest in the term “Bored Ape Yacht Club,” has declined a great deal as well since last year. Last year, during the week of Dec. 26, 2021 – Jan. 1, 2022, the search term “Bored Ape Yacht Club,” had a score of around 50, and by the week of Jan. 16 – Jan. 22, 2022, the search term hit 100.

Today, the BAYC-related search term is down to a score of 10, which is a considerable drop in overall interest since last year. Similarly, this week China dominates in terms of BAYC interest and the country is followed by Singapore, Hong Kong, Canada, and Australia. GT data related to other blue chip NFTs like Cryptopunks, Mutant Ape Yacht Club, and others have also seen GT search interest drop a great deal.

What do you think about this year’s NFT sales and overall interest in digital collectibles sliding a lot lower than last year? Let us know what you think about this subject in the comments section below.

Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.

Image Credits: Shutterstock, Pixabay, Wiki Commons, Cryptoslam.io, nftpricefloor.com, BAYC, Cryptopunks,

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Tony Hawk's Latest NFTs to Come With Signed Physical Skateboards

Last December, the renowned professional skateboarder Tony Hawk released his “Last Trick” non-fungible token (NFT) collection via the NFT marketplace Autograph. Next week, Hawk will be auctioning the skateboards he used during his last tricks, and each of the NFTs ... read more.

Like most crypto projects this year, non-fungible tokens (NFTs) felt the pain of 2022’s crypto winter as sales are down a great deal and blue-chip NFTs have been slashed in value. For instance, last month, there was roughly $534 million in NFT sales compared to the $2.77 billion in NFT sales sold in Dec. 2021.

2022 hasn’t been kind to non-fungible token (NFT) holders, and statistics show that interest in the subject has dropped a great deal this year. Google Trends (GT) data shows that the search term “NFT” had a score of around 52 during the week of Dec. 26, 2021 – Jan. 1, 2022. The term also skyrocketed to the highest score of 100 on Jan. 16 – Jan. 22, 2022.

Today, however, for the week of Dec. 18 – Dec. 24, 2022, the search term “NFT” has a score of around 16. There’s been a slight rebound in interest recently in NFTs according to GT data, which started around Dec. 4, 2022. GT data shows the most interested region in NFTs today is China, followed by Hong Kong, Singapore, Nigeria, and Taiwan.

Statistics also show that NFT sales volume has dropped a great deal since last year. Cryptoslam.io data indicates that there was $2.77 billion in NFT sales sold in Dec. 2021, and last month only $534 million in NFT sales were recorded. Metrics saved to archive.org indicate that during the week of Dec. 27, 2021, $414.84 million in sales were recorded.

Sales during the week of Dec. 27, 2021 were also down 32.05% lower as the previous seven days saw $610.53 million in sales. In terms of NFT sales by blockchain at the time, Ethereum saw $334.83 million out of the $414.84 million in total sales that week. The week of Dec. 27, 2021, Ronin had roughly $45.65 million in sales and Solana had just over $16 million in sales during the seven day period.

The top five projects or collections in terms of seven day sales during the last week of Dec. 2021, included Mutant Ape Yacht Club (MAYC), Cryptopunks, Axie Infinity, Bored Ape Yacht Club, and The Sandbox. This month, roughly a year later, NFT sales pale in comparison to the purchases made last year. As of Dec. 25, 2022, NFT sales dipped by 12.22% this week as $154.02 million in sales were recorded during the past seven days.

Over the trailing seven days, there were 295,338 NFT buyers and just over one million NFT transactions. This week, the top blockchain in terms of NFT sales is still Ethereum (ETH) and over the last seven days, there’s been $129.23 million in NFT sales that derive from the ETH chain.

ETH is followed by Solana, Polygon, Immutable X, and Cardano in terms of the largest sales last week by blockchain. Last year, on Dec. 27, 2021, an NFT called “Mega” sold for 888 ether which was worth $3.6 million at the time. Furthermore, on the same day, Cryptopunk #9137 sold for 310 ether or $1.21 million at the time of sale.

Dappradar stats indicate that Cryptopunk #9137 is now worth anywhere between 63.95 ether or $77,995 (Cryptopunks’ current floor), or 377.24 ether or $460K (Dappradar estimates). Last year’s archived data from nftpricefloor.com indicates that the floor value of a Bored Ape Yacht Club (BAYC) NFT was around 87.5 ether. ETH was also trading for $4K per unit at that time, which means 87.5 ether was around $350,000 at the time.

A Cryptopunk could be purchased for 65 ether on Dec. 19, 2021, and its value at that time measured in U.S. dollars was around $260K. Sales recorded on Dec. 25, 2022 are a completely different story, as current statistics from nftpricefloor.com show a BAYC can be purchased for 69.88, which is worth roughly $85,159 using today’s ether exchange rates.

A cryptopunk NFT purchased at the current floor value on Dec. 25, 2022, will cost 63.95 ETH or around $77K in USD value. GT data also shows that interest in the term “Bored Ape Yacht Club,” has declined a great deal as well since last year. Last year, during the week of Dec. 26, 2021 – Jan. 1, 2022, the search term “Bored Ape Yacht Club,” had a score of around 50, and by the week of Jan. 16 – Jan. 22, 2022, the search term hit 100.

Today, the BAYC-related search term is down to a score of 10, which is a considerable drop in overall interest since last year. Similarly, this week China dominates in terms of BAYC interest and the country is followed by Singapore, Hong Kong, Canada, and Australia. GT data related to other blue chip NFTs like Cryptopunks, Mutant Ape Yacht Club, and others have also seen GT search interest drop a great deal.

What do you think about this year’s NFT sales and overall interest in digital collectibles sliding a lot lower than last year? Let us know what you think about this subject in the comments section below.

Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.

Image Credits: Shutterstock, Pixabay, Wiki Commons, Cryptoslam.io, nftpricefloor.com, BAYC, Cryptopunks,

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Tony Hawk's Latest NFTs to Come With Signed Physical Skateboards

Last December, the renowned professional skateboarder Tony Hawk released his “Last Trick” non-fungible token (NFT) collection via the NFT marketplace Autograph. Next week, Hawk will be auctioning the skateboards he used during his last tricks, and each of the NFTs ... read more.

PRESS RELEASE. Seychelles, December 26, 2022 – Leading global cryptocurrency exchange, Bitget launches “MegaSwap“, a new feature on its platform that enable the platform’s users to trade or swap their digital assets for over 10,000 cryptocurrencies on a DeFi environment. With a MegaSwap account, users can gain access to trade through eight influential chains and 10 important DEXs while staying on Bitget’s platform. The feature bridges the freedom and variety of DeFi with the security and convenience of CeFi, enabling users to enjoy the best of both worlds.

While CEX users enjoy secured trading experiences with diversified products and services, DEXs are also gaining increasing traction amongst investors who want to get a hold of a more variety of tokens fast. However, trading on DEXs is not for everyone. Due to the knowledge barrier and the lack of protection with assets stored on DeFi wallets, many users are deterred from getting involved with DEXs. In light of this, MegaSwap is designed to satisfy users with the demand for trading in convenience and safety, while enjoying asset variety and high liquidity at the same time, allowing users to integrate a centralized trading experience in DeFi marketplaces.

Users only have to activate the MegaSwap account with a few clicks to unlock the function of trading over 10,000 cryptocurrencies on 10 leading DEXs, such as Uniswap, Pancake, Curve, Sushiswap, and more. Empowered by the variety of DEXs, MegaSwap is equipped with the best options for liquidity pools out there. The feature currently supports transactions on eight different chains, including ETH, BSC, Polygon, OP, Fantom, Klay, HECO and OEC. With the assistance of MegaSwap, users can complete cross-chain swaps effortlessly and straightforwardly in one place.

Aside from combining the advantages of CEX and DEX, MegaSwap even further smoothens the trading experience by streamlining payment of gas fees. Compared to normal DeFi trading, where traders have to prepare different chain-native tokens to pay for gas fees incurred from the transactions, MegaSwap automatically converts gas fees from stablecoin balances in the user’s accounts, allowing users to trade with minimum effort.

Gracy Chen, Managing Director of Bitget, says, “MegaSwap is an important step taken by Bitget in building a safe, dynamic and robust one-stop trading experience to reach the critical mass. Facing fluctuation and uncertainty in recent trading markets, we observe that users and investors long for the protection of assets without sacrificing convenience and performance. And MegaSwap provides the right solution to connect the dots, which enables users to enjoy the upsides of DEX and the heightened protection covered by Bitget’s platform. We value offering users a variety of options and liquidity, and at the same time, pair with our top-notch security measures and risk management, including hot and cold wallet separation, multi-signature wallet, Zero Trust security architecture and a lot more to protect users’ assets. ”

Gracy adds, “DeFi has become a crucial element of this ever-evolving crypto space, and is also playing a part in enriching asset variety and diversifying the crypto ecosystem with CeFi. We aim to be the portal that seamlessly connects CeFi and DeFi with MegaSwap, as we actively listen to our community and users to cater to changing market needs and keep ourselves on top of market trends.”

About Bitget

Bitget, established in 2018, is the world’s leading cryptocurrency exchange with innovative products and social trading services as its key features, currently serving over 8 million users in more than 100 countries around the world.

The exchange is committed to providing a secure, one-stop trading solution to users and aims to increase crypto adoption by collaborations with credible partners, including legendary Argentinian footballer Lionel Messi, the Italian leading football team Juventus, official esports events organizer PGL, and the leading esports organization Team Spirit.

For media queries, please contact:

sylvia.huang.yq@bitget.com

rachel.cheung@bitget.com

 

 

This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

Bitcoin.com is the premier source for everything crypto-related. Contact the Media team on ads@bitcoin.com to talk about press releases, sponsored posts, podcasts and other options.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Today's Top Ethereum and Bitcoin Mining Devices Continue to Rake in Profits

As the crypto economy hovers just under $2 trillion in value, application-specific integrated circuit (ASIC) mining devices are making decent profits. While ASIC miners can still mine ethereum, a 1.5 gigahash (GH/s) Ethash mining device can rake in $51.58 per ... read more.

Source From : News

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