BTC PULSE
  • News
    • Altcoins
    • Blockchain
    • Bitcoin
    • Ethereum
    • NFT
    • Regulation
    • WEB 3.0
  • Price Prediction
  • Learn
  • Events
  • Advertise
No Result
View All Result
Play Now
  • News
    • Altcoins
    • Blockchain
    • Bitcoin
    • Ethereum
    • NFT
    • Regulation
    • WEB 3.0
  • Price Prediction
  • Learn
  • Events
  • Advertise
No Result
View All Result
BTC PULSE
No Result
View All Result
Play Now
Home Bitcoin

Here’s why Komodo (KMD) is up 110%

by Dalmas Ngetich
Jul 13, 2022 - 12:00 am
in Bitcoin
komodo kmd

Komodo (KMD) is one of the top performing digital assets when writing on July 13. At spot rates, KMD prices are up 110 percent against the USDT on the previous trading day, equally outperforming ETH and BTC within the same period.

Komodo revealed that Vleppo and Tokel platforms are leveraging their technology to make NFT rights enforceable in the real world. The blockchain is an interoperable and highly scalable workshop and a platform for projects to build networks in a private yet secure environment.

1/8 🧵BREAKING: @Vleppo_Official and @TokelPlatform announced they are leveraging Komodo technology to make #NFT rights legally enforceable in the real world.
https://t.co/8O5r1rhXha #Ethereum #Polygon #Solana

— 🦎 Komodo (@KomodoPlatform) July 13, 2022

Vleppo is a Komodo fork that empowers creators and unlocks the value of their digital work. On the other hand, Tokel is a highly scalable, zero fees portal where users can readily mint NFTs and create fungible tokens.

Preceding this announcement, Vleppo had, in June 2022, released a blockchain agnostic content management system (CMS) for NFT owners to create digital contracts in which they can embed their assets’ on-chain ID directly into the blockchain record of the same digital contract.

Subsequently, NFT owners in other networks, including Ethereum, Solana, and Polygon, can now get legal protection for their digital work through Vleppo’s CMS—a groundbreaking development with massive benefits to the digital world.

It also represents the first time an NFT solution has been released to fill the existing gap between current legislation and the digital world. Vleppo’s CMS addresses concerns about the legal enforceability of smart contracts anchoring NFTs.

The announcement was sufficient to propel KMD prices to spot levels, rapidly outperforming the tanking crypto market, responding to unfavorable U.S. inflation news.

The US Inflation Rate rises to 9.1%, its highest level since November 1981.

In November 1981, the Fed Funds Rate was over 12%. Today it's still below 2%.

Charting via @ycharts pic.twitter.com/3DenWDjksl

— Charlie Bilello (@charliebilello) July 13, 2022

According to recent statistics released on July 13, inflation rates in the U.S. are now at a 40-year high, rising to 9.1 percent. It is a discouraging performance that will likely force the FED to hike rates and further heap more selling pressure on stock and crypto markets.

Dalmas Ngetich

Dalmas Ngetich

His primary focus is on technical analysis (crypto is, obviously, *not* crypto without the twirls of price action), the magic of DeFi, and NFTs. He is specifically training his eyes and effort on DeFi—and how the tech is changing investment, opening up opportunities for everyone—and the possibilities of NFTs.

Related Posts

The Blockchain Group headquarters with Bitcoin logo overlay

The Blockchain Group Buys $20M More in Bitcoin, Surpasses $170M Treasury

June 19, 2025

The Blockchain Group expands its BTC holdings to 1,653 BTC worth $170M after $20M buy, boasting a 1,173%...

Man uses Bitcoin-backed loan to purchase real estate without selling BTC

Bitcoin-Backed Loans Unlock Real Estate Market for Crypto-Rich Investors

June 15, 2025

Bitcoin-backed loans let crypto investors buy real estate without selling BTC, preserving gains and sidestepping capital gains taxes.

Anthony Pompliano to head Bitcoin-focused ProCapBTC SPAC raising $750M

Anthony Pompliano to Lead $750M Bitcoin-Buying SPAC Merger with Columbus Circle

June 13, 2025

Pompliano may lead ProCapBTC, a SPAC targeting $750M to buy Bitcoin via merger with Columbus Circle Capital 1,...

Law enforcement agents take down BidenCash dark web marketplace and seize associated domains and cryptocurrency

US Seizes 145 Domains and Crypto Linked to BidenCash Dark Web Market

June 5, 2025

US seizes 145 domains and crypto from BidenCash, a dark web site accused of selling 15M stolen cards...

Press Releases

image2

Could XYZVerse Overtake DOGE and SHIB? Analysts Say $0.003333 Could Explode to $10!

March 30, 2025

XYZVerse aims to outpace DOGE and SHIB, with bold $10 price goals, strong community rewards, and rising demand as it...

image1 1

Massive Institutional BTC Buys Could Launch the Next Bull Market: 5 Altcoins to Watch

March 29, 2025

Institutional Bitcoin buys may trigger a market surge. Five altcoins, including $XYZ, stand to gain—early investors could see major ROI...

image1

XRP Faces Strong Resistance While XYZVerse Gains Early Investor Attention With 10 Billion $XYZ Airdrop

March 28, 2025

XRP struggles at resistance, while XYZVerse grabs early investor attention with a 10B token airdrop and rapid growth toward a...

BTC

Popular Memecoin MEW Pledges $10,000 to Pasadena Humane Organization to Aid Animals Affected by California Wildfires

January 20, 2025

MEW memecoin donates $10K to Pasadena Humane for wildfire-affected animals. Join the mission to aid pets and wildlife in crisis...

View All
BTC-Pulse LogoTransparent

© 2024 BTC-PULSE. Disclaimer: The content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.

News

  • Altcoins
  • Bitcoin
  • Ethereum
  • NFT
  • Regulation
  • WEB 3.0

Info

  • Learn
  • Price Prediction
  • Events
  • Press Releases
  • Sitemap

Company

  • About Us
  • Terms of Service
  • Privacy Policy
  • Contact Us
  • Advertise

©2024 BTC-PULSE – All right Reserved.

No Result
View All Result
  • News
    • Altcoins
    • Blockchain
    • Bitcoin
    • Ethereum
    • NFT
    • Regulation
    • WEB 3.0
  • Price Prediction
  • Learn
  • Events
  • Advertise