Crypto News Today – Can Immunicorn Take Over Ethereum?
The basic premise of making money in cryptocurrencies is to buy low and sell high. There is no surefire pattern to this approach other than buying reliable projects during the pre-sale. The pre-sale price for each project is the lowest possible entry point, and you have the potential to outbid everyone who did not participate in the pre-sale.
Most projects increase the token’s price soon after the public sale; when the token goes live, the possibility of making money is high.
Immunicorn (IMU), a decentralized token that powers 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 in the pre-sale, it is expected to exceed 100 times the pre-sale price.
In 2014, Ethereum (ETH) was launched for a pre-sale cost of $0.30.
Despite the depressed state of the cryptocurrency market, the listed cryptocurrencies have seen gains of at least 1000%.
Ethereum (ETH) – Old dog, new tricks
Ethereum (ETH) is the second largest cryptocurrency by market capitalization. Nevertheless, it has significant utility, built-in applications and other advantages.
DeFi, NFTs, tokens, among others – Ethereum is the most valuable network because DeFi has about $70 billion in total value locked (TVL), the NFT market is worth over $40 billion, and various additional holdings make it so.
The Ethereum network is facing scalability issues that are being addressed by new 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 scalability, energy consumption and other issues, and eventually integrate with the main network.
The expected merger will happen in the summer of 2022, sending the price of Ethereum (ETH) back to an all-time high. It is believed that the combination will increase the network’s speed, efficiency and scalability, allow more transactions and lower gas costs.
It currently has a market capitalization of over $149 billion, while the token trades for over $1,230; in November 2021, it will reach an all-time high of around $4,800.
Immunicorn (IMU) – Rides into Town
Immunicorn Finance (IMU), a portmanteau of the terms immune and unicorn, is the BNB chain’s decentralized reserve currency. Decentralized reserve currencies refer to a currency that is backed by a reserve essentially. Similar to how central banks use reserve funds to manage currencies placed under their management.
Unlike banks, decentralized reserve currency maintains currencies using cryptocurrency reserve assets held by the decentralized reserve currency protocol. This indicates that the price of an issued token is backed by a reserve, which gives the holder assurance that the token’s value will not fall below a certain minimum value. So Immunicorn offers a secure platform where the price of the token, IMU, cannot fall below the stated floor amount.
Immunicorn (IMU) will incorporate a Decentralized Autonomous Organization (DAO) into its administration to empower its customers with a hitherto unattainable degree of decentralization. The goal of Immunicorn Finance is to support the creation of a policy-controlled system that will allow the DAO to exert extensive influence over the IMU coin.
Additionally, it will feature a staking and minting component powered by IMU, a BEP20 token created on the Binance Smart Chain (BSC).
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