Proof-of-Stake (PoS) tokens to get after potential ban of PoW

Proof-of-Stake (PoS) tokens to get after potential ban of PoW
фото показано с : invezz.com

2022-6-4 13:51

The New York Senate approved a bill that would ban crypto mining in the state following an early vote.

The bill is now headed to Governor Kathy Hochul, who can veto the bill and sign it into law.

If this happens, New York will become the first U.S. state to ban crypto mining.

A bulk of its contention with mining is based on concerns over its environmental impact.

The bill calls for an end to cryptocurrency mining operations that specifically utilize the Proof-of-Work (PoW) consensus model, such as Bitcoin BTC/USD and Ethereum ETH/USD prior to the launch of ETH 2.0. 

Cardano ADA/USD, Solana SOL/USD, and Algorand ALGO/USD are the best Proof-of-Stake (PoS) tokens that you can get on June 3.

On May 2, Input Output, the developers behind Cardano (ADA), announced that CIPs would come with June’s hard fork.

On June 1, 2022, Solana Status posted that block production on the Solana Mainnet Beta halted. 

This made the token dip for a bit; however, it’s on its path to recovery, which marks it as a solid price and entry point for investors that do not have the SOL token in their portfolios. 

Remember, SOL is number 9 on the top 10 cryptocurrencies list by market capitalization. 

Then, Algorand and MakerX announced an automated migration service, where they will commit 1 million ALGO to enable Terra users to migrate to Algorand. 

Should you buy Cardano (ADA)?

On June 3, 2022, Cardano (ADA) had a value of $0.5795.

The all-time high of Cardano (ADA) was on September 2, 2021, when the token reached $3.09.

When we go over the performance in May, Cardano (ADA) had its highest point of value on May 5 at $0.8969.

Its lowest point was on May 12 at $0.407. This means that the token decreased in value by $0.4899 or by 54%.

With this in mind, ADA is a solid buy as it can climb to $1 by the end of June 2022.

Should you buy Solana (SOL)?

On June 3, 2022, Solana (SOL) had a value of $39.31.

Going over its all-time high, Solana (SOL) had its highest point on November 6, 2021, when the token reached a value of $259.96.

Going over last month’s performance, Solana (SOL) had its highest point of value on May 5 at $94.3, while its lowest point was on May 27 at $40.48.

This means that the token had a bearish turn last month with a decrease of $53.82 or 57%.

However, it might turn bullish this month and climb to $60 due to the increased interest in PoS cryptocurrencies, making it a solid buy.

Should you buy Algorand (ALGO)?

On June 3, 2022, Algorand (ALGO) had a value of $0.3832.

Looking at the cryptocurrency’s all-time high, Algorand (ALGO) reached its ATH on June 20, 2019, at a value of $3.56.

When we go over the performance throughout the previous month, Algorand (ALGO) had its highest point of value on May 8 at $0.7792. Its lowest point was on May 29 at $0.3549.

Here we can see that the token had a bearish run with a decrease of $0.4243 or 54%.

However, ALGO can reach a value of $0.8 by the end of June 2022.

The post Proof-of-Stake (PoS) tokens to get after potential ban of PoW appeared first on Invezz.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Babes and Nerds (BAN) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Доступно / Всего 0 BAN

bill ban headed governor early vote kathy

Источник: invezz.com

bill ban → Результатов: 126


Фото:

US Lawmakers Are Making Moves To Ban China’s Digital Yuan From App Stores In The Country With New Bill

A trio of Republican lawmakers are making a move to limit the use of the digital yuan in American cyberspace. The lawmakers argue that the digital yuan could be used to spy on American citizens. While the US has stalled in its CBDC development, China has made significant strides with its digital yuan. China’s digital […]

2022-5-31 16:08


The Estonian government is not banning crypto, but drafts legislation to tighten regulation

Estonian Ministry of Finance released an official clarification of the recently submitted draft legislation that stirred up rumors about a possible ban on cryptocurrencies.  According to the rebuttal, the bill, which still needs to undergo three parliament readings, was drafted and submitted in a bid to tighten the existing crypto service providers licensing, and will […] The post The Estonian government is not banning crypto, but drafts legislation to tighten regulation appeared first on CryptoSlate.

2022-1-4 06:30


Фото:

“This Is Not The End”, — WazirX CEO Nischal Shetty On India’s Latest Bill To Ban Almost All Cryptocurrencies

The Indian cryptocurrency market is not on the verge of breaking down following yesterday’s announcement that a bill that limits crypto usage will be introduced in parliament later this month. Nischal Shetty who is the Founder and CEO of one of the largest Indian-based cryptocurrency exchanges WazirX has spoken about the fears arising from this […]

2021-11-24 13:41


Фото:

Indian Government Review Bill That Proposed Ban on Cryptocurrencies

It has been reported that the Indian government and top industry stakeholders are revisiting provisions of the law that advocated a ban on cryptocurrency. The bill in question is dubbed the Cryptocurrency and Regulation of Official Digital Currency Bill 2021 that was developed years back but never introduced during parliament’s budget session. Bloomberg Quint recentlyRead More

2021-6-17 19:00


Фото:

India Is Scoring Big On The Crypto Front Despite Looming Government Crackdown

In the past few days, there has been a rapid pace of developments on the cryptocurrency front in India. These developments make the cryptocurrency story in India queerer. Background Earlier this year, the central government was planning to bring a bill in the parliament to ban cryptocurrencies and introduce necessary policy frameworks for the launch […]

2021-4-18 22:37


Indian Crypto Industry Reacts as Government Presents Bill to Ban Digital Assets

Sadly, this year has come with a jolt of reality, showing that all the progress of 2020 was essentially fruitless. Yes to a CBDC, No to Private Cryptos Earlier this year, the Lok Sabha Bulletin confirmed that the Indian government had introduced a new draft regulation that will see the country ban all private cryptocurrencies […] The post Indian Crypto Industry Reacts as Government Presents Bill to Ban Digital Assets first appeared on BitcoinExchangeGuide.

2021-2-9 20:16


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

How Bitcoin can help Solana rise to a new ATH

A 0.75 correlation coefficient showed Solana’s movements closely align with Bitcoin’s price. Negative sentiment around BTC and SOL could hinder immediate price gains. Solana's [SOL] pricThe post How Bitcoin can help Solana rise to a new ATH appeared first on AMBCrypto.

Solana’s Maneki Coin Surges As Whales Dive Into Memecoin Frenzy

The price of Solana native cat coin, Maneki, has skyrocketed by 83% over the past week. Amid this surge, the address “4pV17t,” suspected to be associated with @wintermute_t, made a significant purchase, spending 2,000 $SOL (approximately $337,000) to buy Maneki at $0.

Assessing the Solana ecosystem and how Jito will help it grow

Jito collected large amounts of daily fees, surpassing a vast majority of DeFi protocols. The Solana ecosystem continued to see growth as activity on the network soared. Solana [SOL] has beeThe post Assessing the Solana ecosystem and how Jito will help it grow appeared first on AMBCrypto.

Ethereum NFT sales down by 50%; Is Solana faring any better?

NFT sales volume on Ethereum has dropped by 50% over the past month This, partly due to the fall in general NFT activity The sales volume for Ethereum-based non-fungible tokens (NFTs) have cThe post Ethereum NFT sales down by 50%; Is Solana faring any better? appeared first on AMBCrypto.