Web3 🌒 Saturday Highlight: Enjin and NFT.io Launch on Canary Testnet, SHIB Team Member Explains Price Stagnation, Solana Hits 3-Month High, and Binance Onboards New Euro Fiat Partners
1/ ✅ Enjin Platform and NFT.io Now Live on Canary Testnet.
2/ 📝 SHIB Not "Mooning": Team Member Explains Why.
3/ 📈 Solana Price Hits 3-Month High.
4/ 🤝 Binance Onboards New Euro Fiat Partners.
For further details, let's keep reading! 👇
Welcome to today's Web3 news update. In this blog post, let's discover recent new stories in the crypto and blockchain space, including: Enjin Platform and NFT.io are now live on the Canary Testnet, giving developers everything they need to start building with Enjin, Shiba Inu team member Lucie has explained why the price of SHIB has been relatively stagnant, attributing it to the upcoming Bitcoin halving and other factors, Solana's price has hit a 3-month high as the crypto market rebounds, and Binance has onboarded new Euro fiat partners, allowing users to deposit, withdraw, and trade EUR with more options.
Stay tuned for more updates on the developments in the rapidly evolving world of crypto!
1/ Enjin Platform and NFT.io Now Live on Canary Testnet.✅
The Enjin Platform and NFT.io are now live on the Canary Testnet, giving developers everything they need to start building with Enjin.
The Canary Testnet is a safe and secure environment where developers can test their NFTs and integrations before deploying them to the mainnet. This is important because the Enjin Blockchain is immutable, meaning that once an NFT is deployed, it cannot be changed.
Developers can get free testnet ENJ (cENJ) from the Canary Faucet to cover their transaction fees. This allows them to test without spending any money.
To get started, developers will need the Enjin Wallet, the cENJ Faucet, the Enjin Platform, the API Playground, NFT.io, and the Block Explorer.
2/ SHIB Not "Mooning": Team Member Explains Why.📝
Shiba Inu marketing specialist Lucie has taken to Twitter to explain why the price of SHIB has been relatively stagnant. She explained that crypto prices tend to chill out around a year before a halving event, and the next Bitcoin halving is expected to occur in April or May 2024.
Lucie also speculated that things would get more bearish in the summer, but people's mood will "brighten up" in Autumn and Winter, as "good news will start popping up like fireworks."
She also assured Shiba Inu community members that the Shiba Inu ecosystem's L2 scaling solution, Shibarium, is not a pump-and-dump scheme, and that it will record significant growth for years to come.
Lucie urged Shiba Inu's community members to prepare for the "long run" as exciting times may be on the horizon.
The much-anticipated launch of Shibarium is expected to take place later this year, and some investors are optimistic that it could propel Shiba Inu's ecosystem tokens to surge. However, it remains to be seen whether Shibarium's launch will be able to pave the way for SHIB's rally.
Lynn Schindler
3/ Solana Price Hits 3-Month High.📈
Solana (SOL) has seen its price hit a 3-month high above $26, as the crypto market rebounds. SOL is up 12% over the past 24 hours and 26% over the last week, according to data from CoinGecko.
Solana's meteoric rise comes amid a broader crypto market surge, which saw the total market capitalization of all digital assets soaring 4.3% over the day and adding $43.3 billion.
Other notable gainers include XRP (8.4% increase), Bitcoin (5% increase), and Ethereum (4% increase).
Solana, which was one of the hardest hit by last year's FTX collapse, has been on the rise since the start of 2023. However, its total value locked (TVL) is still a far cry from the almost $10 billion seen in November 2022. The recent surge in price is a positive sign for investors and the Solana ecosystem as a whole.
Andrew Asmakov
4/ Binance Onboards New Euro Fiat Partners.🤝
Crypto exchange Binance has announced that it has onboarded new fiat service providers for euro (EUR) payments, deposits, and withdrawals. This comes after Binance's former euro service provider, Paysafe, halted servicing Binance users in September.
The company has signed agreements with "a number of new regulated and authorized fiat partners" to provide EUR services for its users in Europe. Services include EUR deposits and withdrawals via the Single Euro Payments Area (SEPA) payment network, EUR spot trading pairs, and buying and selling digital assets via SEPA, bank cards, or fiat balances.
Binance did not name the new service providers in its announcement. The company is facing regulatory pressure and lawsuits in various jurisdictions, and several executives have exited the company and its affiliates this year.
The onboarded of new partners is a positive sign for Binance users, who will now have more options for depositing and withdrawing euros on the exchange.
Krisztian Sandor
Conclusion:
The Enjin Platform and NFT.io launch will make it easier for developers to build innovative NFT projects. Shibarium's launch is also anticipated to be a major boost for the Shiba Inu ecosystem. Solana's price surge is a sign that the market is starting to recover from last year's FTX collapse. And Binance's onboarding of new Euro fiat partners will make it easier for European users to access the crypto exchange.
While it is impossible to predict the future of the crypto market, these recent developments suggest that the industry is in a good place. There is still a lot of room for growth, and the potential benefits of crypto technology are vast.
Disclaimer: The information provided in this blog post is based on external sources. Please do your own research and due diligence before making any investment or financial decisions based on the content shared here.
