Despite flat crypto markets, some tokens like KEY are finding strong support from buyers.
KEY is in a tear
SelfKey (KEY) is a technology startup in the blockchain space dedicated to developing solutions for digital identity management. His approach is to give individuals and corporations greater control over their personal data, allowing them to truly own and manage it.
In light of the numerous data breaches that occur on a weekly basis, SelfKey’s goal is to revolutionize the way identity transactions are processed and managed using blockchain technology.
By doing so, he hopes to create a safer world where people’s personal data and privacy are protected. The SelfKey token price today is $0.014145 USD and is up 103.36% in the last 24 hours.
So why is SelfKey’s price rising at a time when many other cryptocurrencies are struggling? One possible reason is that the company’s focus on digital identity management has placed it in a unique position to benefit from regulatory crackdown.
As governments around the world crack down on cryptocurrency mining and trading, there is a growing demand for technologies that can help individuals and organizations comply with new regulations.
SelfKey’s platform is designed to do just that, providing a secure and decentralized way for people to manage their digital identities while complying with regulatory requirements.
Another factor driving SelfKey’s price up is the company’s recent partnerships and collaborations. In recent months, SelfKey has announced partnerships with various companies and organizations, including Polkadot, Chainlink, and KardiaChain.
These partnerships have helped increase SelfKey’s visibility and credibility, leading to increased interest and demand for its token.
Rocket Pool Falls
Rocket Pool is a decentralized Ethereum staking pool that offers up to 4.33% APR for ETH2 staking.
Users can join the pool through its network of decentralized node operators or run their own nodes with 16 ETH. Those who run their own nodes can earn commission when staking ETH and additional RPL rewards by providing RPL guarantees, totaling up to 6.36% APR.
The pool provides liquid sharing and smart nodes with shared faulty node losses across the network, minimizing risk. The group’s open source and audited smart contracts ensure fully non-custodial participation and maximum decentralization. Rocket Pool price today is $49.92 USD and is down 6.7% in the last 24 hours.
SEC Chairman Gary Gensler has raised concerns about the need for further regulation of cryptocurrency staking.
Gensler has emphasized the potential risks associated with participation, including the possibility of market manipulation and insider trading. These comments have put many cryptocurrency betting groups on edge, including Rocket Pool, leading to a decline in betting activity across the board.
Despite recent regulatory uncertainty, many in the cryptocurrency community remain optimistic about the long-term prospects for betting. Staking is seen as a way to earn passive income while contributing to the security and decentralization of the cryptocurrency network.
As the regulatory landscape becomes clearer, staking activity is likely to pick up as well.
