Crypto News Today – Can Immunicorn Overtake Ethereum? | Bitcoinist.com – Bitcoinist
The basic premise for making a profit in cryptocurrencies is to buy cheap and sell high. There is no certain pattern for this approach other than to purchase reliable projects during their presale. The presale pricing for every project is the lowest possible entrance point, and you have the potential to benefit beyond anybody who did not participate in the presale.
Most projects boost the token’s price soon after the public sale; once the token becomes live, the opportunity to make a profit is high.
Immunicorn (IMU), a decentralised token powering the DeFi structure on its dedicated platform, is one of the most anticipated ICOs of the year. Based on historical data and an analysis of how the best ideas perform their presale, it’s expected to surpass 100x its presale price.
In 2014, Ethereum (ETH) was launched for a presale cost of $0.30.
Despite the depressed state of the cryptocurrency market, the listed cryptocurrencies have enjoyed gains of at least 1000%.
Ethereum (ETH) is the second-largest cryptocurrency by market capitalisation. Still, it has significant utility, in-built applications, and other benefits.
DeFi, NFTs, tokens, among others — Ethereum is the most valuable network because DeFi has around $70 billion in total value locked (TVL), the NFT market is worth over $40 billion, and various additional holdings make it so.
Ethereum network, faces scalability issues that are being resolved by emerging layer-1 and layer-2 solutions that aim to help the network process transactions significantly faster and reduce transaction fees by a significant amount. All despite being one of the most versatile and secure blockchain networks.
Using Ethereum 2.0, the network seeks to fix its scalability, energy consumption, and other issues, eventually integrating with the main network.
The expected merger will occur in the summer of 2022, putting the price of Ethereum (ETH) back to its all-time high. It is believed that the combination would boost the network’s speed, efficiency, and scalability, allow more transactions, and lower gas costs.
It presently has a market capitalisation of over 149 billion dollars, while its token trades for over 1230 dollars; in November 2021, it will hit an all-time high of around $4800.
Immunicorn Finance (IMU), a portmanteau of the terms immune and unicorn, is the BNB chain’s decentralised reserve currency. Decentralised reserve currencies refer to a currency that is supported by a reserve in essence. Similar to how central banks use reserve assets to manage currencies placed under their management.
In contrast to banks, decentralised reserve currency maintains currencies using cryptocurrency reserve assets that are kept by the decentralised reserve currency protocol. This indicates that the price of an issued token is backed by a reserve, providing the holder with assurance that the token’s value will not go below a certain floor value. So Immunicorn provides a secure platform where the price of its token, IMU, cannot fall below the stated floor amount.
Immunicorn (IMU) will include a decentralised autonomous organisation (DAO) into its administration to empower its customers with a hitherto unattainable degree of decentralisation. The objective of Immunicorn Finance is to support the establishment of a policy-controlled system that would allow the DAO to exert extensive influence over the IMU coin.
In addition, it will contain a staking and minting component driven by IMU, a BEP20 token created on the Binance Smart Chain (BSC).
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