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Bitcoinist
Bitcoinist
Immutable (IMX) Surge See Holders Shift Profits into New Ventures as DeeStream (DST) Presale Gains More Ethereum (ETH) Investment | Bitcoinist.com
8 days ago
ZyCrypto
ZyCrypto
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The presiding judge in a lawsuit playing out in the U.S. District Court for the Southern District of New York between the Securities and Exchange Commission and Terraform Labs — creator of the ill-fated UST and Luna cryptocurrencies — is progressing with new pretrial deadlines that have been set. This comes as a court in the tiny Balkan nation of Montenegro ruled that it will honor the U.S. prosecution’s request to deport Terraform Labs co-founder and former CEO Do Kwon to face criminal fraud charges. SEC v. Terra: Pretrial Deadline Set Judge Jed Rakoff has signed an order granting the proposed order setting pretrial deadlines. The legal teams for the SEC and Terra attorneys have until March 11 to submit final oppositions to motions, depositions, and counter-designations. The two parties have agreed to a trial postponement to March 25. Notably, the district judge has ordered the regulator and Terra to serve any new motions in limine on or before Feb. 26, 2024. More crucially, Judge Rakoff instructed the two parties to jointly file a proposed Pretrial Consent Order no later than March 18. “The SEC shall provide to defense counsel draft(s) of the joint sections of the proposed Pretrial Consent Order on or before March 8, and the Defendants shall respond to the SEC’s draft(s) within five days of receipt,” the court filing reads. Alleged Crypto Crook Do Kwon Headed To U.S. Judge Rakoff’s order comes amid news that Montenegro has decided to extradite fallen crypto star Do Kwon to the United States rather than to his native South Korea. According to a Wednesday report from Montenegrin news outlet Pobjeda, the High Court of Podgorica made the decision to deport Kwon to the U.S. and rejected South Korea’s request to extradite him. The extradition decision followed an appeal by Kwon’s defense attorneys, contending that Montenegro’s Justice Minister Andrej Milovic had the final say regarding which country would extradite the South Korean crypto mogul — a claim the high court rebuffed. The Terraform co-founder was arrested in Montenegro last March while trying to travel to Dubai on a falsified passport, after which he was found guilty and sentenced to four months in jail. Kwon is under indictment in his home country because of the notorious depegging of Terraform Labs’ algorithmic stablecoin UST in May 2022, which sank the crypto market into a deep winter and forced several crypto projects with exposure to the project to declare bankruptcy. The U.S. SEC’s lawsuit against Terra and Kwon accuses them of “orchestrating a multi-billion dollar crypto asset securities fraud.” That means the disgraced crypto tycoon could also be on the hook for disgorgement and multi-million dollar penalties.

7 days ago
CoinDesk
CoinDesk
Cointelegraph
Cointelegraph
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Converting cryptocurrency to fiat has never been easy, so the recent collaboration announced between Web3 infrastructure firm Transak and credit card giant Visa is probably welcome news — particularly for users of crypto wallets like MetaMask, Ledger and Trust Wallet. As Cointelegraph reported in late January, “MetaMask users can now sell crypto directly to a Visa card.” Some 40 kinds of crypto can now be converted into local fiat currency at 130 million of Visa’s merchant locations across 145 countries. The numbers alone are daunting, but this may also be an inflection point. “Visa and Mastercard’s reengagement with the crypto sector marks a pivotal turn in the industry’s trajectory,” Antoni Trenchev, co-founder and managing partner at Nexo, told Cointelegraph recently. “It’s big news for people already using crypto to pay for things — now they have more options and, arguably, better options with how to make these types of payments,” Joanna Wasick, partner at law firm BakerHostetler, told Cointelegraph. That said, it wasn’t that long ago that Visa appeared to be stepping back from crypto. Almost exactly a year ago, Reuters declared that “Visa and Mastercard are slamming the brakes on plans to forge new partnerships with crypto firms” — though Visa later took issue with Reuters’ assertion. “This strategic recalibration is not surprising, even with Visa’s distancing itself from crypto a year ago,” said Trenchev last week. “With market uptake, especially with climbing Bitcoin prices, an approved Bitcoin ETF [exchange-traded fund] and an upcoming ‘halving,’ we’re witnessing the nascent stages of a bull market in crypto,” continued Trenchev. Visa and Mastercard don’t want to miss out, arguably. As dramatic and sudden as the announcement may have seemed, it is actually part of a larger process that has been going on for some time. “Visa’s decision to enable real-time card withdrawals is the latest step in the monetization of cryptocurrencies,” William Luther, associate professor in the Department of Economics at Florida Atlantic University, told Cointelegraph. A loss for centralized exchanges? Still, in a dynamic economy — where “creative destruction” is the norm — there are often losers and winners. What does this mean for centralized crypto exchanges like Coinbase and Binance? If Visa can convert a holder’s crypto directly into fiat, why does that individual even need a cryptocurrency exchange? “More users are choosing to directly engage with Web3 through decentralized applications rather than centralized exchanges,” or CEXs, Sami Start, co-founder and CEO of Transak, told Cointelegraph. Asked about the volume of recent crypto withdrawals to Visa cards, Start declined to provide segmented data, but he did say that the firm’s off-ramp transactions — including Mastercard and Visa transactions — “have experienced a growth of approximately 24.27% from December 2023 to January 2024.” Recent: CBDCs: User privacy problem or currency of the future? The threat to centralized crypto exchanges could be exaggerated, however. “The notion that this advancement might disadvantage CEXs and platforms is oversimplified,” said Trenchev. Visa and Mastercard’s involvement in decentralized finance (DeFi) is likely to promote broader cryptocurrency adoption — “which benefits the whole industry.” CEXs still have a play to role. They are “vital in scaling,” continued Trenchev, whose firm was a pioneer in offering a crypto-backed Mastercard in parts of Europe several years back. They provide a degree of reliability, accessibility and security that many DeFi platforms still don’t offer. He added: “The appeal of self-custody in DeFi is clear, but it comes with risks, such as lack of insurance.” Both DeFi and CEXs contribute to the growth of the blockchain ecosystem, Trenchev maintained, and “their successes are mutually beneficial.” Importance of network effects Clearly, there is much more discussion now about crypto as a medium of exchange, which was not the case in the depths of the crypto winter. The biggest hurdle that “would-be” monies face coming out of the starting gate is what economists call “network effects,” explained Luther. They’re not likely to be useful unless your trading partners are willing to use them, and at the outset, few parties are willing to do so, he said, adding: “Intermediaries like Visa have the potential to eliminate the network effect problem. By converting your preferred cryptocurrency on the fly to your trading partner’s preferred money, [they can make a new] medium-of-exchange much more useful.” Visa isn’t the first to take this step. Xapo began offering a Bitcoin (BTC) debit card in 2014. “But Visa supports more cryptocurrencies and boasts a very big network. That’s a big deal,” added Luther. Trenchev seconded this notion that traditional financial firms, including the credit card giants, have been building salients into the crypto world for some time. In 2021, Mastercard purchased CipherTrace — a leading cryptocurrency intelligence company — to enhance its crypto capabilities, while in June 2023, Mastercard announced its Multi-Token Network, an initiative “designed to make transactions within the digital asset and blockchain ecosystems secure, scalable and interoperable,” according to the firm’s executive vice president Raj Dhamodharan. We’re introducing Mastercard Multi-Token Network to make transactions within this ecosystem secure, scalable and interoperable as part of our commitment to support the wider #digital asset industry. https://t.co/Vb1JtnSTjx#blockchain pic.twitter.com/MwkkxbyAuk — Mastercard News (@MastercardNews) June 29, 2023 Visa began supporting the Circle’s USD Coin (USDC) in certain Visa cards in 2020 and followed up in September 2023 by supporting USDC payments settled on the Solana blockchain. Building new connections is what such firms are designed to do. “The core strategy of the payment rails like Visa and Mastercard is to be the network of networks, penetrating any and all venues where exchange takes place,” Lex Sokolin, managing partner at venture capital firm Generative Ventures, told Cointelegraph. “Integrating into the networks of Web3 is the most natural thing for these companies,” said Sokolin, “even less ‘risky’ than it is for asset managers to sell crypto as an investment product.” The question is no longer whether crypto will be a part of mainstream payments and financial services, but rather, how big a part crypto will play, Wasick observed, adding: “So while crypto might still be a relatively small part of payments and financial services — as compared to cash, say — crypto’s dent is getting deeper.” Betraying core principles? Much work still awaits. Some worry about security or loss of privacy. Others fear a growing trend toward financial centralization, which crypto was designed to counter. There are also compliance and tax questions. “I think the primary reason why crypto holders — at least American holders — balk at using crypto for payments is the same as it has been for years: United States tax law,” said Wasick. People don’t want to have to think about tax ramifications every time they purchase a cup of coffee. “But doing it directly with a payment platform like Visa is arguably easier than prior payment methods.” Some crypto purists may view the entry of credit card giants into the space as a further betrayal of the original promise of Bitcoin and other cryptocurrencies for decentralized money beyond the control of any single party, company or government. Luther gave voice to something along these lines. While welcoming the support of Visa and Mastercard, “I also think it is important to recognize the shortcomings.” Yes, they will make it easier to use cryptocurrencies to buy things, “but they do so at the expense of some of crypto’s promise.” More specifically: “They tend to reduce — and, in some cases, completely eliminate — the financial privacy and censorship-resistant features of cryptocurrencies.” Those features are important, Luther added, and he hopes that future developments “will make it easier to use cryptocurrencies in routine transactions while preserving a high degree of anonymity.” Instilling confidence? Finally, what does all this mean in terms of adoption? Crypto adoption is still relatively low — at least as a percentage of the world’s population. And those who own it are often “just holding cryptocurrencies in hopes of price appreciation,” Luther added. But there is another way of looking at things. In this view, crypto is already a part of mainstream payments and financial services. “Some institutional investors hold cryptocurrencies. We have access to crypto futures and ETFs,” said Luther, and a soaring number of payment apps are making sending and receiving cryptocurrencies easier than ever. Related: Is a US stablecoin bill just around the corner? Visa’s new collaboration is also significant because of the impact that it could potentially have on people who, until now, have been hesitant to embrace cryptocurrencies — i.e., not just current wallet holders. The giant credit card companies could give crypto fence-sitters the confidence to act. If so, a sort of virtuous cycle could emerge because as “people become more comfortable with payment solutions, those solutions become more ubiquitous,” said Wasick. “There’s still a long way to go,” Luther summarized. “But cryptocurrencies have come a long way already.”

7 days ago
Coinpedia
Coinpedia
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The post Next Crypto to Hit $1 in 2024: Our 4 Top Picks appeared first on Coinpedia Fintech News The cryptocurrency sector is preparing for a significant rally in 2024, anticipated to be a pivotal year for digital currencies. Industry specialists are keenly observing the SEC’s approval of Bitcoin Exchange-Traded Funds (ETFs), coinciding with the Bitcoin Halving event. Experts have forecast that Bitcoin could surpass the $100,000 mark within the year.  Key Insights: Bull run prediction in the crypto market in 2024. Symbols of the $1 mark. Top 4 cryptocurrency picks. $PIKA’s GameFi potential. Shiba Inu’s journey to $1. Cardano and Dogecoin current market values. In the event of another bull run in the crypto market similar to the one seen in 2021, we can expect significant excitement. During this time, many tokens will experience substantial price increases, resembling the rapid ascent of fireworks on New Year’s Eve. Hitting the $1 mark in cryptocurrency is significant for both investors and enthusiasts. It symbolises the potential for a cryptocurrency to have a significant impact and change the industry. As we enter into the world of digital currency, the question on everyone’s mind is: which cryptocurrency will be the next to reach $1 in 2024? Let us now explore the top 4 cryptocurrencies that are currently performing well and are predicted to experience major growth in 2024. Top 4 Crypto Under $1 That Will Explode The excitement surrounding discovering the next crypto to hit $1 isn’t solely about luck or guesswork; it’s about grasping the ins and outs of market trends and technological progress.  In the fast-paced world of cryptocurrency, opportunities for substantial gains are always present due to the rapid changes. This constant flux makes the search for the next cryptocurrency to reach a value of $1 particularly enticing. Pikamoon ($PIKA) In the growing GameFi industry, proactive investors are on the lookout for promising opportunities in blockchain gaming. This search for potential gems involves identifying crypto tokens valued under $1 with the potential for substantial growth and impressive returns. New gaming tokens like PIKA, the native token of Web3 game Pikamoon, are gaining considerable interest. PIKA isn’t just an ordinary digital token– it’s the backbone of Pikamoon, a cutting-edge 3D Play-to-Earn (P2E) Web3 game that’s set to revolutionise the gaming landscape. And with the 2024 bull run on the horizon, PIKA, the rising star of GameFi tokens, is gearing up to blaze its own trail of success, following in the footsteps of other GameFi giants. With a humble token price of just $0.0006 during its ongoing Presale (which, per its website’s countdown, will end in April), the token will launch with a promising market cap of $10 million, therefore offering great scope for growth. In turn, Pikamoon then holds promise to become the next Axie Infinity – and then some. With PIKA being listed on centralized crypto exchanges, accessibility and investor confidence are expected to increase significantly. Investors will be able to easily purchase and secure PIKA tokens using popular ETH wallets such as MetaMask or Ledger, which will also contribute to Pikamoon’s liquidity and expansion. With the 2024 bull run looming large, the future has never looked brighter for projects like Pikamoon. Early investors are primed to seize the moment and dive headfirst into the exhilarating world of crypto gaming, where Pikamoon’s AAA gaming concept and abundant earning opportunities shine like beacons of promise. Pikamoon is a platform that combines gaming and decentralized finance, providing opportunities to make your dreams come true in the crypto world. If you are looking for a chance to join this exciting adventure, Pikamoon is the place for you. Shiba Inu ( $SHIB ) After more than doubling in 2023, it seems like the cryptocurrency market has finally thawed from the harsh crypto winter. With renewed optimism and the possibility of a bull market on the horizon, it’s time to take a closer look at one of the standout performers from the last crypto boom: Shiba Inu (SHIB). Back in 2021, when almost every cryptocurrency was skyrocketing, Shiba Inu burst onto the scene and stole the spotlight. With an astonishing growth of over 28,000,000%, this meme coin now sits as the 19th most valuable cryptocurrency globally. And its next big target? Hitting that coveted $1 mark. But can it pull it off? Cryptocurrency prices are influenced by various factors, but there’s no one-size-fits-all formula for predicting them. Generally, the value of a cryptocurrency tends to rise with demand, often driven by the innovative ways people can use the currency. Surprisingly, they’ve made some significant headway. Today, Shiba Inu holders have more options than ever, with the token being used for things like yield farming, buying and selling non-fungible tokens (NFTs), and various applications within the decentralised finance (DeFi) ecosystem.  And there are even plans in the works to launch a Shiba Inu-based metaverse – talk about ambitious! But let’s not forget about speculation – it’s a big player in the crypto game. During the last bull market, Shiba Inu’s surge was largely fueled by speculation rather than any standout features or practical uses. However, things have been changing. Over the past couple of years, the developers behind Shiba Inu have been hard at work, aiming to enhance its utility. Their goal? To shift Shiba Inu away from its meme coin status and toward a more serious contender. Will Shiba Inu Coin Reach $1? Based on the current calculations, for Shiba Inu to hit the $1 mark by 2030, it would require an astronomical rally of more than 12,400,000% from its current token price. While there are potential catalysts that could ignite a strong bullish run for this meme cryptocurrency, achieving such an ambitious target price seems virtually impossible. In my view, the likelihood of Shiba Inu reaching $1 by 2030 is slim. The sheer volume of tokens in circulation presents a significant obstacle, and even with various use cases, it’s improbable to sustain such a high price. However, if there were a substantial burn of tokens, perhaps in the range of 95-99%, this could make the $1 target more attainable. Cardano ( $ADA ) Cardano, sometimes called the “Ethereum killer,” is a special type of blockchain. It runs on a system called proof-of-stake. The goal of Cardano is to help people who want to make positive changes in the world, like inventors and thinkers. The idea for Cardano came from Gerolamo Cardano, an Italian thinker. People started working on Cardano in 2017. The folks who made Cardano say it can do cool things. For example, it can help create apps and contracts that work without a central authority. They also say it’s designed to be flexible and easy to use. One big event for Cardano was when Charles Hoskinson said they would make a big change called the Alonzo hard fork in August 2021. After that, the price of Cardano went up a lot. Right now, one Cardano coin is worth about $0.58, and there are a lot of them out there. The total supply is 45 billion coins, but only about 34 billion are being used right now. DogeCoin ( $DOGE ) Dogecoin is a fun cryptocurrency that got its name from a popular internet meme featuring a cute Shiba Inu dog. The coin’s creators, Jackson Palmer and Billy Markus, made it as a lighthearted project inspired by the meme. It all started in December 2013 when Dogecoin split off from another cryptocurrency called Litecoin. Unlike Bitcoin, Dogecoin uses a different method called Scrypt technology for its mining process. This allows for faster and more accessible mining. Plus, since 2014, you can mine both Dogecoin and Litecoin at the same time. Right now, one Dogecoin is worth about $0.086, and there are a lot of them in circulation—over 132 billion! However, we don’t know the total number that will ever exist. Dogecoin’s popularity has grown a lot, and it’s become a favourite among many cryptocurrency fans for its friendly and humorous vibe. Finding the Hidden Gem! Discovering hidden gems requires both artistic flair and scientific precision. While there are many promising options in the crypto world for 2024, one stands out as a potential game-changer: $PIKA.  In the era of GameFi, where billion-dollar tokens reign supreme and GameFi projects are locking in billions, $PIKA emerges as a frontrunner.  With its innovative GameFi concept and the recent surge in GameFi’s popularity, $PIKA is set to explode onto the scene. Its integration with Pikamoon’s progressive 3D P2E game sets it apart, offering investors not just a token, but a ticket to the forefront of the gaming revolution. Additionally, it has scope to amass a $1+ billion market cap, as did the likes of Axie Infinity, The Sandbox, and Illuvium in 2021. As the crypto market continues to expand, driven by evolving regulations and increasing adoption, $PIKA represents an opportunity for savvy investors to capitalise on the next big thing. Whether you’re an expert  trader or new to the game, recognizing the potential of $PIKA is key. So, don’t overlook the obvious – seize the chance with $PIKA whilst it’s still at only $0.0006 during its Presale…because come April, the token will be listed and prices will become a lot steeper.  Next Crypto to Hit $1- FAQ What is GameFi and how does it differ from traditional gaming? GameFi refers to gaming platforms built on blockchain technology that offer players the ability to earn cryptocurrency while playing. Unlike traditional gaming, where players typically spend money on in-game purchases without the possibility of financial return, GameFi integrates decentralised finance (DeFi) elements, enabling players to earn rewards or even trade in-game assets for real-world value. What is Pikamoon and how does it utilize cryptocurrency? Pikamoon is a 3D Play-to-Earn (P2E) Web3 game that leverages blockchain technology and cryptocurrency. Players can earn its native PIKA token by participating in various in-game activities, such as completing quests, battling opponents, or owning virtual assets within the game. These tokens can then be traded on crypto exchanges or used within the Pikamoon ecosystem. Is Shiba Inu likely to reach $1 in value by 2024? While there is speculation surrounding the potential future value of Shiba Inu, reaching $1 by 2024 seems unlikely based on current market conditions and tokenomics. Factors such as the total supply of tokens in circulation and the utility of the coin will heavily influence its price trajectory. However, the cryptocurrency market is volatile and subject to rapid changes, so it’s essential to monitor developments closely. What distinguishes Cardano from other blockchain platforms like Ethereum? Cardano is often referred to as an “Ethereum killer” due to its unique features and design philosophy. Unlike Ethereum, which currently operates on a proof-of-work consensus mechanism, Cardano utilises a proof-of-stake system, offering increased scalability, energy efficiency, and security. Additionally, Cardano aims to provide a more accessible and flexible platform for building decentralised applications (dApps) and smart contracts. What makes Dogecoin popular despite its origins as a meme coin? Dogecoin’s popularity stems from its vibrant and welcoming community, as well as its association with internet culture and memes. Despite initially being created as a lighthearted project, Dogecoin has gained widespread acceptance as a legitimate cryptocurrency due to its fast transaction speeds, low fees, and ease of use. Additionally, its charitable initiatives and community-driven projects have further cemented its place in the crypto space.

8 days ago
CaptainAltcoin
CaptainAltcoin
followers

XRP saw its price plummet after the lawsuit with the SEC. But after extensive sideways ranging, technical analysts have taken notice of early bullish signals emerging on the charts. With key resistance levels in play, the door may stand open for 24% near-term upside after crypto’s most prolonged consolidation period on record. Bounce at $0.54 Offers Clues to Range Break Ahead As analyst Cryptoes noted, throughout its multi-month consolidation phase, XRP has consistently bounced off support around $0.54. But with the long-standing ceiling at $0.578 still intact, prices remain stuck, bouncing between two technical barriers. Only a decisive daily close above $0.578 resistance would confirm XRP breaking from its ranged purgatory, according to Cryptoes. Until that final hurdle gets surpassed, bulls must continue playing defense around $0.54 support. 3 Years of Ranging Precedes Major Breakout X account 25hoursawake offers added context on the grueling sideways chop that XRP has contended with its earlier parabolic peak. After three painful years of directionless price action, he believes XRP may finally approach an inflection point. With range resistance wearing down through repeated tests, the coiled spring appears ready to unleash based on historically analogous setups. Still, a clear upside confirmation remains pending. Transform Hundreds Into Millions With the Magic of Memecoins – think $BONK, but bigger! The key? Getting in early, especially during the IDO phase. Get in on NuggetRush now! This innovative memecoin blends play-to-earn gaming with real-world gold mining. Join soon to take advantage of the current ICO prices! Show more +Show less – Technicals Support Reversal Potential Offering an additional layer of insight, altFINS points to improving technicals on XRP’s price charts. XRP’s breakout from the confines of a multi-month downtrend channel signals a bullish trend change, according to their analytics. With price stability also reasserting itself above the key $0.54 support, the initial measured move upside target sits around $0.68 – representing 24% prospective gains from breakout confirmation. After crypto’s most grueling bear market on record, the conditions for volatile reversals may now come into focus. XRP has notably weathered immense selling pressure in the face of SEC litigation and delistings from major exchanges. Years of ranging later, the ultimate contrarian opportunity could emerge if range resistance finally falters for a new bull market. But XRP bulls still await definitive proof of that next breakout catalyst before calling an end to the long crypto winter. You may also be interested in: ‘Ethereum Will Likely Outrun Bitcoin (BTC) This Week’, Analyst Forecasts Next Leg Up for ETH Japan’s Jasmycoin Price Soars Amid Whale Movements: Can JASMY Hit New ATH? Pay Attention To This Metric BlockDAG’s $2 Million Giveaway and 5000x ROIs Pull in Investors from ScapesMania and Solana Check NuggetRush ($NUGX) Sponsored: Invest Responsibly, Do Your Own Research. Buy NUGX Today Being in its ICO stage, NuggetRush offers a prime opportunity for early investors to get in at potentially lower prices A unique play-to-earn gaming platform in the memecoin market The platform combines artisanal and gold mining with cryptocurrencies in an unusual gaming context, offering a distinctive and immersive experience Fosters a strong community by encouraging physical meetups among members NFT Integration with Prominent Characters The post Ripple (XRP) Flashes Signs of Life After Multi-Year Consolidation, Analysts Expect A Breakout To This Level appeared first on CaptainAltcoin.

8 days ago
CaptainAltcoin
CaptainAltcoin
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In recent weeks, Ethereum (ETH) has decisively outperformed both Bitcoin and the broader crypto market. With key resistance levels now surpassed, swing traders have set sights on a run toward the psychological $3,500 mark. And some analysts believe ETH may lead a new altcoin bull market reminiscent of past cycles. Funding Metrics Position ETH for Breakout Veteran macrotrader Mac spots favorable conditions for Ethereum to extend its strong 2024 start.  With ETH looking to consolidate constructively above $3,000 support, Mac anticipates upside targets around $3,500 will come into play next. “ETH will likely outrun BTC this week,” said Mac. Entry Point for Ride to $3,500 Echoing the bullish outlook, analyst Credibull Crypto believes ETH buyers missed an optimal entry and a dip. With ETH trending back above $3,000 already, he now watches for a minor pullback to scoop up exposure for an eventual ride to $3,500. Credibull expects Bitcoin will follow Ethereum’s charge, bouncing from its own support to reach $60,000 next. With crypto’s market leaders aligned constructively, the tide should lift prices broadly across altcoins as well, in his view. Altcoin Breakout Mirrors 2016 and 2020 Analyzing altcoin positioning, analyst Moustache notes altcoins cleared multi-year downtrend resistance in their race. With that hurdle now serving as support, the same bullish pattern emerged in past bear market bottoms during 2016 and 2020. Transform Hundreds Into Millions With the Magic of Memecoins – think $BONK, but bigger! The key? Getting in early, especially during the IDO phase. Get in on NuggetRush now! This innovative memecoin blends play-to-earn gaming with real-world gold mining. Join soon to take advantage of the current ICO prices! Show more +Show less – Both occasions marked the start of historic altcoin runs – fueled by ETH leading the charge higher. Moustache contends altcoins now sit poised for similar surges after an extended crypto winter thaws.  Sentiment trends still require confirmation before conclusively calling a new bull market. But among crypto’s standout layer 1 blockchain leaders, Ethereum offers a clear barometer on when capital flows turn decisive to the upside. With so much ecosystem maturation occurring during the lean last few years, the utility base now waits in the wings if traders regain conviction. Ether’s resilience could prove the first domino in sequence – with its own historic boom then igniting altcoins broadly back into vogue. You may also be interested in: Kaspa’s KAS Token Soars to New Heights, Surpassing Cosmos (ATOM) and Theta (TAO) Filecoin (FIL) Eyes Tripling to $25 as Technicals Turn Bullish and Solana Partnership Catalyzes Growth The 5 Best Altcoins to Watch in February 2024: Which Altcoin Will Explode in 2024? Check NuggetRush ($NUGX) Sponsored: Invest Responsibly, Do Your Own Research. Buy NUGX Today Being in its ICO stage, NuggetRush offers a prime opportunity for early investors to get in at potentially lower prices A unique play-to-earn gaming platform in the memecoin market The platform combines artisanal and gold mining with cryptocurrencies in an unusual gaming context, offering a distinctive and immersive experience Fosters a strong community by encouraging physical meetups among members NFT Integration with Prominent Characters The post ‘Ethereum Will Likely Outrun Bitcoin (BTC) This Week’, Analyst Forecasts Next Leg Up for ETH appeared first on CaptainAltcoin.

9 days ago
Todayq News
Todayq News
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Worldcoin (WLD) emerged as the biggest gainer over the past 24 hours in the tally of the top 100 cryptocurrencies. WLD price has managed to gain more than 200% in the last 24 hours. The founder of 3AC revealed that who would be benefiting from the ongoing surge of Worldcoin. This surge came in when Bitcoin, the king of crypto, is making its way towards its All Time High (ATH) of around $69,000 recorded in 2021. Worldcoin gives hope to 3AC creditors Su Zhu, the founder of 3AC in a post wrote that he got hated on a lot for this worldcoin investment in 2021. He added that some of the hit pieces written on it were so bad that most of the seed funders refused to tweet to support it. Most importantly, Su Zhu informed that he won’t be benefiting from Worldcoin’s huge gains. Meanwhile, he suggested that 3AC creditors hold one of the largest positions in WLD tokens right now. He even shared his X (formerly Twitter) post from October 2021. Zhu wrote that Worldcoin is one of the most ambitious and uplifting projects I’ve seen so far in crypto. However, WLD might see potential headwinds as a token unlock worth $165 million is set to start this week. It will be concluding on February 26. Worldcoin price has gained more than 223% in the last 90 days. However, WLD recorded a surge of 37% in the last 24 hours. WLD is trading at an average price of $7.40, at the press time. Its 24 hour trading volume is up by 160% to stand at $1.32 billion. The global crypto market is also depicting the same sentiments by jumping over 2% in the last 24 hours. The total crypto market cap now stands at $1.98 trillion. What’s up with Su Zhu and founders? According to reports, a British Virgin Islands court froze approx $1 billion in assets linked to Three Arrow Capital’s founders. This includes Su Zhu, Kyle Davies, and Davies’ wife Kelly Chen. The crypto hedge fund filed insolvency in June 2022 which played a role in the “crypto winter” of that year.  The liquidator, Teneo, overseeing the bankruptcy process, in a statement presented that stated 3AC owes around $3.3 billion to creditors. However, the court order aims to prevent the founders from moving or selling assets. It still holds them responsible for the fund’s financial decline. It should be noted that a Singapore court, where 3AC was founded, had also ordered the freezing of domestic assets for Zhu and Davies. Get Premium Crypto Trading Signals from Real Crypto Analysts. Join our official Waiting List at todayq.com.

10 days ago
财经木白
财经木白
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The cryptocurrency bull market in 2024 is coming: teach you how to avoid the ten common mistakes and successfully seize the bull market opportunities! The cryptocurrency industry is poised for another bull run in 2024! People may be feeling a little out of shape due to the crypto winter. However, a report on how to avoid the biggest common mistakes in the 2024 cryptocurrency bull run. A cryptocurrency bull market is a period of significant price increases for various cryptocurrencies. It is driven by increased investor optimism, adoption rates and other drivers. In 2024, the confluence of the Bitcoin halving event and the Ethereum 2.0 upgrade paves the way for a bull run. We recommend you prepare in advance and avoid these ten common mistakes that most traders make during the crypto bull market! 1: Emotional buying caused by FOMO When investors witness sharp price increases, they often feel pressured to invest in a hurry. They worry they might miss out on potential gains and end up making impulsive decisions! People need to avoid FOMO in the cryptocurrency community. Research, pause and buy rather than making a hasty decision. 2: Over-leveraging Some may use too much leverage or take on too much debt to amplify potential gains! While leverage can maximize profits during a bull market, it also increases the risk of loss if the market reverses! We rule out overleveraging when running in a bull market. 3: Risk-free management When trading in a bull market, risk management strategies such as setting stop loss orders or position sizing are crucial. Without a proper risk management strategy, investors could suffer losses if the market crashes. 4: Chasing the Hype During a bull market, the hype surrounding a particular project or coin can be intense. Traders may make poor investment decisions based on rumors, social media trends, or celebrity endorsements. Therefore, in-depth research plays a vital role!​ 5: No exit strategy The mistake traders make is not planning an exit strategy. We recommend that all investors keep an exit strategy with them. This plan can be helpful whenever the market hits lows. Additionally, it’s best to stick to your commitments and goals. Once you've achieved your goals, it's better to quit than to overindulge.​ 6: No diversity Some traders make the mistake of concentrating all their money into a single cryptocurrency or a handful of assets without diversifying their portfolio. It's best to put your eggs in different baskets to get the most out of them. A lack of diversification puts them at high risk if assets underperform. 7: Taking profits from time to time Being too optimistic during a bull market often leads to failure. The important thing is that we accumulate profits gradually. It's not okay to believe that the market will continue to rise indefinitely. Always take profits regularly. 8: Participate in bull racing Instead of doing their own research, traders blindly follow trends. They don’t understand the basics of their chosen asset. When the market is down, this can lead to buying at high prices or panic selling! Always follow your gut and never enter a bull race. 9: Weak security measures Traders often overlook the most important part of the entire process, which is following strict safety measures. It’s important to protect your cryptocurrency with a strong password, keep your private keys safe, and store your funds on unsecured exchanges. Always place your assets in a risk-free area that is securely in place! 10: Overbuying Overbought is very common during bull markets! People just get excited about the hype and end up overbuying without giving it a second thought. We recommend that you buy as much as your goals allow and never fall into the bull hype trap! This will be helpful if you want to participate in the upcoming bull market in 2024!

9 days ago
小烏鴉Max
小烏鴉Max
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[Bitcoin Halving 2024: What’s different this time? 】 Bitcoin’s 2024 halving event has become particularly critical after the crypto industry winter of 2022 and the economic recession of 2023, aiming to increase its scarcity by limiting the production of new Bitcoins. Currently, the total Bitcoin supply is capped at 21 million, with more than 19 million mined, meaning there are less than 2 million left to be mined. Bitcoin experienced significant price gains in 2023, rising approximately 152% for the year, in part due to previous market turmoil. With the 2024 halving approaching, in which Bitcoin production rewards will be cut in half, mining companies are eager to consolidate profits. Bitcoin mining is the process of verifying new transactions and adding them to the blockchain through computational work. Mining ensures the security and immutability of the Bitcoin network. Since Bitcoin's inception in 2009, mining rewards have undergone several halvings, occurring every 210,000 blocks, in an effort to control the Bitcoin supply. This halving will pose a financial challenge to mining companies, especially those that rely heavily on mining revenue. Bitcoin’s hash rate has reached an all-time high, indicating fierce competition in the mining industry. Bitcoin’s historical price usually rises after halving events, with significant price growth following the 2012 and 2016 halving events. However, the 2024 halving may be different from the past, influenced by growing institutional interest and increasing market maturity. The upcoming halving will reduce the rate at which new Bitcoins are produced, from 6.25 to 3.125 Bitcoins. This may prompt mining companies to improve efficiency, which is expected to promote the advancement of mining hardware equipment. Cryptocurrency analysts are optimistic about Bitcoin’s future price behavior, believing that the upcoming halving could lead to a continuation of the bull trend. However, it is important to note that a rise in Bitcoin price after the halving is not inevitable and other factors in the market will also come into play. Therefore, investors should carefully consider market volatility and uncertainty before and after the halving event. #鴉快訊 #内容挖矿 $BTC

11 days ago
TopCryptoNews
TopCryptoNews
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The Bitcoin halving schedule for 2024 becomes crucial amid the aftermath of the 2022 crypto winter and the 2023 economic downturn. By curbing BTC creation, it gradually limits Bitcoin's supply, akin to the scarcity seen in gold. The total supply of Bitcoin is capped at 21 million, with slightly over 19 million already mined. This leaves just under 2 million Bitcoins left to be created. Here’s what to expect from the Bitcoin halving in April 2024. Winter's gone? Bitcoin experienced a significant rally in 2023, witnessing a remarkable surge of approximately 152% throughout the year. This surge came after a turbulent period in 2022, during which Bitcoin faced challenges such as the collapse of prominent projects, liquidity problems and several high-profile bankruptcies, following its record high in 2021. The recent rally in cryptocurrency prices has lifted businesses out of stagnation, prompting mining companies to accelerate profit-making efforts ahead of Bitcoin's halving event. As the next halving approaches, rewards for producing Bitcoins will be halved, prompting a rush among miners to secure profits. How does it work? Bitcoin mining involves the rewarding process of verifying and adding new transactions into blocks using computational work. Miners ensure the uniformity, currency and immutability of the blockchain ledger, receiving newly created coins in return. Bitcoin's inception in 2009 marked a reward of 50 Bitcoins per block for miners. This halved to 25 Bitcoins per block in November 2012, known as the second reward era. Bitcoin halvings occur every 210,000 blocks, reducing the reward offered to miners by half. These events are programmed to manage Bitcoin's supply and demand dynamics, aligning with its preprogrammed features. Reduced rewards pose financial challenges, especially for those heavily reliant on mining income. The fixed supply of Bitcoin exacerbates this issue, potentially leading to bankruptcy if rewards decrease without corresponding increases in transaction fees or Bitcoin value. Additionally, increasing competition for mining creates scarcity, driving up Bitcoin prices but making mining less profitable. Miners cashing in Bitcoin's hashrate, which measures the computational power required for mining, has surged to an all-time high. This indicates that miners are employing increasingly significant resources to solve complex mathematical puzzles and earn Bitcoins. Historical data on hashrate suggests that miners tend to ramp up their capital expenditure to maintain competitiveness ahead of the halving. This Bitcoin rush results in increased mining difficulty in the months preceding the event. Consequently, miners who cannot keep up with the higher production costs are forced out of the market. According to Grayscale, in Q4, 2023, there was a noticeable trend of miners selling their Bitcoin holdings on-chain, likely to build liquidity ahead of the reduction in block rewards. These measures suggest that Bitcoin miners are well-equipped to handle the upcoming challenges, at least in the short term. Even if some miners exit the market, the resulting decrease in hashrate could lead to adjustments in mining difficulty, potentially reducing the cost per coin for remaining miners and maintaining the network's stability. Historic price movements Historically, Bitcoin prices have surged following halving events. After the first halving in 2012, the price skyrocketed from $12 to $126 within six months. Similarly, following the second halving in 2016, Bitcoin's price surged from $654 to $1,000 within seven months. In 2020, after the third halving, the price surged from $8,570 to $18,040 in the same time period. While initial apprehension may prompt some investors to sell off their Bitcoin holdings, renewed interest in the currency is expected to follow. The law of supply and demand will likely stabilize the market, potentially leading to a rebound in Bitcoin prices after an initial drop. 2024 is different A recent study by Coinbase highlights the rising institutional interest in crypto assets, signaling a shift toward more mature market behavior. This trend is characterized by decreasing volatility and a rising inclination toward sophisticated investment strategies. This transition signifies a new era in crypto investment, with institutional players moving beyond mere speculation toward adopting strategic, long-term positions. As Grayscale points out, the upcoming Bitcoin halving in April 2024 is anticipated to differ significantly from previous events due to increased on-chain activity and positive market updates. Factors shaping this event include: Miners' proactive measures to raise funds, such as equity offerings and reserve sales, may help offset revenue challenges.Potential adjustments in mining difficulty, driven by changes in hashrate, could benefit remaining miners by reducing production costs.The rise of Inscriptions has boosted on-chain activity, with millions of token collectibles generating substantial transaction fees for miners.Inscription activity offers a new avenue to maintain network security through increased transaction fees as block rewards decrease.The ongoing adoption of Bitcoin ETFs may absorb selling pressure and positively impact Bitcoin's market structure by providing a stable demand source. The latter might be a significant factor. U.S. spot Bitcoin ETFs have quickly absorbed significant investment, with initial net flows totaling about $1.5 billion in the first 15 trading days. These inflows, equivalent to three months' worth of potential post-halving sell pressure, hint at the potential for mainstream adoption. Angel investor Anthony Pompliano suggested that the recent milestone of $50,000 for Bitcoin is not its ultimate peak because of Wall Street interest. He suggested that as Bitcoin continues to climb, individual holders will begin to sell their BTC, leading to increased demand from Wall Street funds eager to capitalize on the cryptocurrency's upward trajectory. $50,000. The price has to go higher to get bitcoiners to sell their bitcoin to Wall Street and satisfy the increased demand.— Pomp 🌪 (@APompliano) February 12, 2024 What to expect in 2024? The upcoming halving will reduce the rate of new BTC entering the market, dropping rewards from 6.25 to 3.125 BTC. This change may push miners to improve efficiency to sustain profitability. Consequently, we can expect advancements in mining hardware, aiming for rigs that are more energy-efficient and powerful to adapt to the reduced rewards. Crypto analyst Ali Martinez recently sparked optimism in the cryptocurrency community with a tweet suggesting that the forthcoming Bitcoin halving could fuel an extended period of bullish trends for the leading digital asset. #Bitcoin design around four-year cycles, driven by its #halving events, often mirrors its price action. Historically, this translates to 3 years of bullish trends followed by 1 year of bearish correction. As per this cycle, $BTC is in an upward phase, potentially extending… pic.twitter.com/7B4sIpiWH8— Ali (@ali_charts) December 29, 2023 According to a report by Coinbase, the next halving could potentially boost Bitcoin's performance, but it also emphasizes that the limited historical data makes outcomes somewhat speculative. With only three halving events historically, a clear pattern has yet to fully emerge, especially considering factors such as global liquidity measures that have influenced previous events. Global liquidity seems to have peaked in the near term, and with another 9-10 months until the next halving, it remains uncertain what the overall effect on Bitcoin's price behavior might be in the future. Cryptocurrency analyst Benjamin Cowen elaborated that the early halving-year pattern for Bitcoin typically sees it hitting the bull market support band (comprising the 20-week SMA and 21-week EMA) in January or February of the halving year. #Bitcoin early halving year pattern - Bitcoin has always gone to the bull market support band (20W SMA and 21W EMA) in Jan/Feb of the halving year. Will this time be different? pic.twitter.com/SgE2PjtCZ9— Benjamin Cowen (@intocryptoverse) January 17, 2024 Bitcoin has defied bearish market conditions, showcasing remarkable resilience and evolution over the past year. Despite challenges, it has surged in on-chain activity, strengthened its market structure and emphasized its scarcity, challenging outdated perceptions and emerging stronger than ever. $BTC #BTC #Write2Earn #TrendingTopic #Halving

11 days ago
深南路老九
深南路老九
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In the new year, are you here to double or turn over? Here are 6 suggestions for the current currency circle friends; within half a month before and after the Spring Festival, the pie has increased by 20%+! It is equivalent to earning 2k for 1 Dabuliu. As the saying goes, firecrackers are blasting, gongs and drums are noisy, and the land of China is filled with joy. Everyone wants to double their fortunes, because bears have appeared in the past two years and too much money has been lost. So for us, the key players in the market, how should we plan our operations so that we can make a comeback and return to the top? 1. Grasping the main theme of this year, there are three directions: the first is of course the big pie, the second is the concubine, and the third is the AI ​​sector. 2. The successful approval of this year’s big-ticket spot ETF will be a 5A-level positive for the crypto market in the long run. New funds will inject new impetus into the market. This is also a prerequisite for the emergence of the slow bull in 10 years. 3. With the popularity of Sora, the first text generation video model launched by OpenAI, it is competing with Google, the leader in the search industry, for turf. The AI ​​artificial intelligence sector must be one of the hottest tracks this year. 4. After determining the main sectors and hot topics, you must adjust your strategies and configurations as soon as possible. If you want stability, then choose the big pie, my aunt; if you want to capture the dark horse, then choose the leader in the AI ​​sector. long term holding 5. Don’t regret the losses in the previous two years. The coldest winter has passed. Hold on to the chips in your hands and wait for the spring to bloom. 6. Finally, the currency circle is about vision, cognition, and mentality. When everyone can’t hold on, but you can hold on, then you deserve to make money. Who has more chips this year, who has good position management, and who persists. As long as it takes, whoever is the final winner will be the most beautiful boy. A great person does not change his destiny against the will of nature, but he understands and grasps the "luck" and "potential" when they come; when the market comes, you must have a position, otherwise you can only watch others eat meat and laugh your head off; The only way to beat the market is to have enough chips in your hands, so that you can advance to attack and retreat to defend; the big market will go for a long time, and the process will have ups and downs. You have to hold on, let the profits run, and let it keep rising. As Livermore said, money is earned by sitting down, and opportunities come by waiting, not by your fierce operations. On the eighth day of the Lunar New Year, I wish Lao Tie and all the black brothers and brothers a prosperous Year of the Dragon! ! #BTC #ETH #内容挖矿

12 days ago
Coinpedia
Coinpedia
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The post Polygon (MATIC) Price Poised For 6x Rally in Coming Months appeared first on Coinpedia Fintech News Polygon (MATIC) has recently been preparing to enter the parabolic phase of the confirmed bull market. Since the successful rebound in October last year, MATIC, which is gradually evolving into a POL token through the Polygon 2.0 economics, has risen more than 83 percent.  However, the mid-cap altcoin, with a fully diluted valuation of $9.2 billion and a 24-hour trading volume of around $520 million, has been trapped in a horizontal consolidation in the past three months. As a result, the MATIC token has accumulated significant buyers seeking to capitalize on the confirmed bull cycle. Polygon Team Reimagines Competitiveness  Following the 10-day timelock, the latest upgrade to Polygon zkEVM is now live on mainnet. The Etrog upgrade brings support for four additional precompiled smart contracts—a major step towards becoming a full Type 2 ZK-EVM.End users don’t need to take any action—everything will… pic.twitter.com/qeMvECS5as — Polygon Foundation (@0xPolygonFdn) February 13, 2024 During the height of the 2022/2023 crypto winter, when on-chain activity was significantly low, Polygon’s core developers have been working on different infrastructures to enable mass adoption of Ethereum smart contracts. Furthermore, emerging layer-one blockchains like Solana (SOL) and Cardano (ADA) have competed to become the top web3 ecosystem. In the latest Polygon move geared towards competing with other layer-two chains like Arbitrum (ARB) and Optimism (OP), the Etrog upgrade went live on the zkEVM to bring support for four additional precompiled smart contracts. MATIC Price Analysis $MATIC is on the Verge of Massive Triangle Upside Breakout..!!I'm Extremely Bullish for the Midterm/Longterm so don't miss the RIDE.#Crypto #MATIC #Polygon pic.twitter.com/Rkh1EvORwT — Captain Faibik (@CryptoFaibik) February 16, 2024 According to Captain Faibik, a popular crypto analyst on the X platform, MATIC’s price is on the precipice of a 600 percent rally in the near term. The analyst indicated that MATIC price has formed a macro triangle since the end of the 2021 bull run and has now approached the apex. As a result, the crypto analyst highlighted that the altcoin is on the verge of a massive triangle bullish breakout.  

13 days ago
CoinDesk
CoinDesk
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Peter Thiel's Founders Fund has made a $200 million investment in bitcoin and ether Thiel's fund sold crypto holdings for $1.8 billion before 2022's crypto winter. Peter Thiel's Founders Fund made a $200 million investment in bitcoin and ether before the bull run, per report by Reuters. According to CoinDesk Indicies data, bitcoin {{BTC}} has increased nearly 124% in the last 12 months, while ether {{ETH}} has risen 75%. The CoinDesk 20 Index (CD20) has rallied approximately 86% in the same period. Founders Fund started to purchase bitcoin when it was below $30,000 and acquired more BTC and ETH in the subsequent months, sources told Reuters. Thiel has long been a proponent of bitcoin, linking its price rise to a critique of central banks and fiat money. During the 2021 bull run, he said he felt "underinvested" in the world's largest digital asset. Founders Fund sold most of its crypto holdings for $1.8 billion in March 2022, just before crypto winter began, the Financial Times reported last year. Founders Fund made a previous investment in bitcoin to the tune of $15 to $20 million during the 2017-2018 bull market. Thiel also backs the institutional crypto exchange Bullish, which in 2023 purchased CoinDesk from Digital Currency Group.

16 days ago
CoinQuest
CoinQuest
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Will Shiba Inu Ride the Crypto Bull Run and Reach $1 in 2024? More than doubling in 2023, it looks like the cryptocurrency asset class has officially emerged from the brutal crypto winter. With renewed optimism and the hopes of a bull market looming, it's time to check on one of the top performers from the crypto market's last bull run: Shiba Inu (CRYPTO: SHIB). When seemingly every cryptocurrency was making monumental gains in 2021, Shiba Inu came out of nowhere and took the crown. Growing by more than 28,000,000%, the meme coin is now the 19th-most valuable cryptocurrency in the world. The next landmark in Shiba Inu's sights is the coveted $1 mark. But can it do it? Shiba Inu gets a makeover Several factors influence cryptocurrency prices, but there is no fixed formula for determining them. The most common belief is that a cryptocurrency's value is directly proportional to its demand, which often arises from the innovative ways the currency can be used by its holders. Recognizing the token's inadequacy, over the last two years Shiba Inu's developers have undertaken the monumental task of trying to increase its utility. In doing so, they hope that Shiba Inu will shed its meme coin status and be taken a bit more seriously. Surprisingly, significant progress has been made. Today, Shiba Inu holders can utilize the token similarly to some of the top cryptocurrencies on the market. Thanks to its makeover, Shiba Inu can be used for yield farming, buying and selling non-fungible tokens (NFTs), and several other applications that are part of the decentralized finance (DeFi) economy. Inducing artificial value Shiba Inu has come a long way. Its loyal community and dedicated developers are doing all they can to turn over a new leaf. However, there is one glaring problem -- its monumental supply. As of Feb. 7, more than 589,281,128,753,700 Shiba Inu tokens were in circulation. As part of Shiba Inu's revamp, a burn mechanism was introduced to try to reel in its massive supply. $SHIB #Write2Earn #TrendingTopic #AmanSaiCommUNITY

15 days ago

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