• A recent report suggests that the success rate of cryptocurrency transactions depends heavily on user location.
• The investigation revealed that half of the fiat digital currency transactions failed after completing KYC verification.
• Factors influencing transaction performance include local regulations, availability of crypto-friendly banks and financial institutions, payment methods and transaction values.

Crypto Transaction Success Rate Depends On User Location

A recent report states that the success rate of cryptocurrency transactions depends heavily on the user’s location. It depends not only on users‘ information and verification, such as the Know Your Customer (KYC) process. Cointelegraph Research & Onramper conducted a survey to trace this issue among some crypto exchanges, including MoonPay, Coinify, Wyre, Transak, etc.

Transaction Failure Causes 90% Abandonment Of Crypto Dealings

The data showed that half (50%) of the fiat digital currency transactions failed after completing KYC verification which caused about 90% abandonment of crypto dealings. This was due to various factors like local regulations, availability of crypto-friendly banks and financial institutions and technological infrastructure level in different countries.

High Success Rates In Japan And South Korea

The success rate for transactions tends to be higher in countries like Japan and South Korea where there are more established regulations and infrastructure for cryptocurrencies than some other countries in Africa or South America with fewer regulations and less developed financial infrastructure tend to record low success rates in transactions.

Other Factors Influencing Transaction Performance

Apart from user location, other factors contributing to successful transaction includes different payment methods and transaction values. According to the report bank transfers are reliable as they guarantee almost 100% transaction success while small transaction values have more chances of success than higher ones (value worth $0-$26).

Conclusion

To conclude it can be said that the success rate for cryptocurrency transactions is largely dependent upon user’s location along with other factors like payment methods and value size which should be taken into consideration for a smoother transaction experience globally.

• Hadeswap has acquired the IP rights to Solana Monkey Business, a popular NFT project on the Solana blockchain.
• Hadeswap intends to continue to support the project while making it more approachable to a larger audience and incorporating it into the ecosystem of its Hadeswap and HADES tokens.
• Data from CryptoSlam shows that SMB has produced more trading volume (in USD) than any other Solana project, amounting to about $159 million.

Hadeswap Acquires Solana Monkey Business

Hadeswap, an innovative type of marketplace that uses an automated market maker (AMM) and trading pools rather than conventional item listings, has announced that it has purchased the IP rights for one of the first and most valuable NFT projects on the Solana blockchain – Solana Monkey Business (SMB). The platform intends to continue to support the well-known project while bridging its shortcomings in order make it more approachable to a larger audience.

Legacy Respected

Hadeswap stated its intentions to „respect the legacy“ of Solana Monkey Business while transferring ownership of the IP rights over to HadesDAO in order lead this initiative. The platform also plans involves participation in Hadeswaps DAO funding & proposals as part of its commitment towards supporting SMB’s future development.

Solana Monkey Business Overview

Solana Monkey Business was one of the first initiatives in emerging Solana NFT market, debuting in June 2021 with 205 initial pixel collectibles featuring a monkey in space. Over 5,000 NFT profile pictures (PFPs), known as Gen2 collection have grown popular among collectors over past year or so with a floor price (or price of cheapest listed NFT) around 283 SOL which amounts up to almost $5,800 on Magic Eden marketplace – second highest starting price after DeGods among any significant projects involving at least 1000 pieces .

Trading Volume Stats

Data from CryptoSlam shows that SMB has produced more trading volume (in USD) than any other Solana project amounting up to about $159 million which is mainly due its popularity when SOL was close its peak price at $260 back in late 2021.

Conclusion

The acquisition by HadesWap will bring new life into this established project while keeping intact its legacy along with providing necessary funds for further development plus increasing accessibility for larger audiences through varied platforms like HADES tokens etc.

– Meta Masters Guild is a Web3 gaming guild that utilizes blockchain and Web3 technology to provide gamers with an immersive experience.
– The MEMAG coin, which is currently undergoing a presale, will support all aspects of the Meta Masters Guild ecosystem.
– The project has already raised $3.1 million in its token presale and investors can purchase tokens for only $0.019 each before the price increases to $0.021 after the current presale period ends.

Introduction

Cilinix Crypto reviewed the first Web3 initiative to mainly focus on mobile gaming – Meta Masters Guild (MEMAG). This cutting-edge platform has raised $3.1 million in its token presale and is quickly becoming known as one of the most interesting P2E projects ever released.

MEMAG Coin & GEMS

The MEMAG coin, which is now undergoing a presale, will support all Meta Masters Guild ecosystem features. Additionally, MEMAG tokens can be staked to generate passive income. However, it will not be used as a platform reward so selling pressure from users should not affect its performance over time. Instead, members in the Meta Masters Guild ecosystem will receive GEMS – an in-app token that can be converted into the MEMAG token – for successfully completing objectives and tasks within the game world itself.

Presale Success

The project is currently in its fifth phase of successful presales and has already raised over $3 million dollars so far. Investors can purchase tokens for only $0.019 each before this price increases to $0.021 after the current presale period ends later this month on February 26th 2023 UTC+8:00 .

Advantages of MEMAG

Meta Masters Guild boasts several advantages over other crypto projects including: no ongoing selling pressure from users, specialized game development studio partnerships, competent team members and more making it easily stand out from other projects in its space today.

Conclusion

In conclusion, Cilinix Crypto found Meta Masters Guild’s main advantages led it quickly become known as an extremely interesting P2E project due to its cutting edge technology utilizing blockchain and Web 3 technologies as well as no ongoing selling pressure from users, specialized game development studio partnerships ,competent team members and more making it one of the most promising projects out there today . With a successful 5th phase of their token sale happening now investors have a chance to get their hands on some early bird discounts with tokens being sold at only 0 .19 cents per token until February 26th 2023 UTC+8:00 when prices are expected increase by 2 cents per token afterwards making this potentially one of best investments you could make right now !

• Bitcoin’s price is hovering around the $23,000 level
• The market is currently sideways, but a bearish movement may be in store
• The Relative Strength Index (14) is moving within the overbought region, indicating a potential bearish direction

The Bitcoin price has been consolidating around the $23,000 level over the past few days, as the market is currently trading sideways. This comes after the king coin saw a significant surge in December, reaching its all-time high of $41,962. As the market is currently in a consolidation period, a bearish movement may be in store.

The Relative Strength Index (14) is currently moving within the overbought region, indicating that a downward movement may be in the cards. If the price were to break below the red line of the 9-day moving average, it could signal a bearish trend. This could mean that a recovery may not come easy, and that the coin may have difficulty crossing above the upper boundary of the channel.

The Bitcoin price prediction also shows that the coin could face further resistance at the $27,000, $29,000, and $31,000 levels. On the other hand, if the coin were to fall, it could find support at the $20,000, $18,000, and $16,000 levels.

Overall, the Bitcoin market is currently in a consolidation period, and a bearish movement may be in store. The Relative Strength Index is currently in the overbought region, indicating that a downward trend may be in the cards. If the coin were to break below the red line of the 9-day moving average, it could signal a bearish trend. Further resistance levels are set at the $27,000, $29,000, and $31,000 levels. On the other hand, if the coin were to fall, it could find support at the $20,000, $18,000, and $16,000 levels.