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FXstreet
APE price nosedives nearly 9% while ApeCoin community votes on three active proposals
about 11 hours ago
Cryptopolitan
Cryptopolitan
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Shiba Inu (SHIB), a popular meme-based crypto, has recently reached another significant milestone in its development journey. The milestone revolves around the achievement of its layer-2 blockchain solution called Shibarium. This advancement aims to enhance transaction efficiency within the Shiba Inu ecosystem. Despite this remarkable progress, the price of Shiba Inu has not seen substantial gains over the past 24 hours. However, this milestone underscores Shiba Inu’s continuous efforts to evolve and improve its infrastructure. The community views this achievement as a testament to Shiba Inu’s rising popularity and its potential for broader adoption  Shiba Inu just made history The Shibarium layer-2 blockchain, which was created to improve the Shiba Inu cryptocurrency ecosystem, recently reached important milestones, indicating a notable increase in its utility. According to data from the Shibariumscan explorer, the platform has achieved 360 million transactions, setting a new milestone after very modest growth. This rise in activity demonstrates Shibarium’s increasing adoption and use in the cryptocurrency world. According to the most recent estimates, there have been 360,936,003 transactions on Shibarium, up from 297.2 million just 20 days ago.  This 63 million transaction increase demonstrates a significant acceleration in network activity, indicating rising interest and confidence in Shibarium’s capabilities. In addition to the total number of transactions, Shibarium’s daily transaction volume has increased significantly. The platform has successfully recovered a daily transaction volume of three million, a level not seen since late January.  The recent increase in daily transactions from 1.07 million on February 16 to 3 million demonstrates the Shibarium network’s dynamic and fast-changing character. Furthermore, the number of wallets connected to Shibarium has increased to 1,358,306, indicating a larger user base and increased network involvement. What’s all the fuss about Shibarium? Shibarium is an innovative blockchain technology created exclusively to improve the Shiba Inu crypto economy. It marks a strategic evolution in Shiba Inu development, with the goal of providing a more efficient, scalable, and user-friendly blockchain experience. Shibarium’s release date was August 16, 2023. However, its launch did not go as planned, and the layer-2 solution had to be relaunched shortly afterward. As a layer 2 solution, Shibarium runs on top of the existing Ethereum blockchain with the goal of improving transaction speeds and lowering costs, both of which are typical difficulties in traditional blockchain systems.  This advancement is expected to improve Shiba Inu’s functioning and utility, marking a watershed moment in its path beyond meme-based digital currency. Shibarium’s debut demonstrates a dedication to continual growth and adaptation in the ever-changing field of digital assets. The fundamental purpose of Shibarium is to overcome the key issues that have previously hampered Ethereum’s full potential. This includes the infamous gas surcharges, which frequently prevent users from conducting transactions, as well as the annoyingly slow confirmation timeframes.  Shibarium, by design, addresses these difficulties by providing a more scalable and cost-effective platform for transactions. As a result, users can experience faster transaction processing and considerably lower costs, redefining the user experience and strengthening Ethereum’s usefulness. Innovations in Shiba Inu’s Ecosystem Through these milestones, the Shiba Inu development team, led by the pseudonymous Shytoshi Kusama, has been actively trying to enhance the ecosystem’s offering. A significant milestone is the launch of Sheboshis NFTs, which are based on the new Ethereum token standard ERC-404.  These NFTs, geared at the female element of the Shiba Inu community, are a strategic move to broaden the ecosystem’s attractiveness and usefulness. Holders of the existing Shiboshis NFT collection can claim these new Sheboshis NFTs, further integrating the community and increasing the value of Shiba Inu-related assets. The aim to connect these NFTs from Ethereum to Shibarium demonstrates a commitment to using Shibarium’s capabilities for broader ecosystem applications. The Shiba Inu team is also working to improve the Shiba Eternity game by fixing bugs, preventing cheating, and providing a fair and pleasurable gaming experience for its participants.  These initiatives are part of a larger strategy to improve the Shiba Inu ecosystem by introducing play-to-earn and stake-to-earn features, which will increase engagement and incentivize community participation. These advancements improve the user experience while also contributing to the Shiba Inu ecosystem’s general growth and sustainability.

about 7 hours ago
Crypto Breaking
Crypto Breaking
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The Ethereum (ETH) price has crossed the $3,000 threshold for the first time since April 2022 yesterday. However, amidst the celebratory fireworks in the crypto community, Fred Krueger, a renowned Bitcoin ETF expert, has voiced a starkly contrasting opinion. Krueger, a Wall Street veteran and prop trader, took to X (formerly Twitter) to express his skepticism about the current valuation of ETH, stating, “ETH is completely detached from reality.” Why Ethereum Is “Completely Detached From Reality” Krueger’s comments come at a time when the crypto market is witnessing a resurgence in investor interest, with Ethereum at the forefront due to its recent price rally. Despite this, Krueger points out a concerning trend in the usage of the Ethereum blockchain. ETH is completely detached from reality. A deep dive. ——————————————————— ETH is at $3,000. Surely this must mean that a ton of people are using ETH, and that this number is only going up, right? Nope. Eth, the chain has dropped from 120K… pic.twitter.com/141GwtB0yz — Fred Krueger (@dotkrueger) February 21, 2024 “ETH is at $3,000. Surely this must mean that a ton of people are using ETH, right? Nope. Eth, the chain has dropped from 120K active daily users in 2021, to just 66K over the last year. The top app, Uniswap V3 is only getting 16K DAUs. I remember, back in 2020 this number was 60K or more,” he noted, emphasizing a decline in the platform’s direct utility and engagement. The Bitcoin ETF expert further criticized the valuation of Ethereum, drawing parallels to meme coins like Shiba Inu due to its inflated market cap, which stands at $361 billion despite the fall in active users. “It really has become a type of meme coin, similar to Shiba Inu,” Krueger remarked, pointing to the stark contrast between Ethereum’s high market cap and its diminishing direct use. Krueger argues that Ethereum is not only overvalued but also faces stiff competition from other blockchains that outperform it in terms of transaction costs and speed. “It’s not particularly cheap ($1.50 per transaction), or fast. If you are just interested in reward points for games, or casino-style DeFi apps — Solana, Avalanche, Near etc.. all crush it.” Krueger also expressed skepticism about the future regulatory landscape for Ethereum, particularly concerning the potential for an ETH exchange-traded fund (ETF). “Finally, I don’t think Gensler is going to allow an ETH ETF… I just don’t think Gary wants to make his second ETF a massive pre-mine. Sets a very bad precedent,” he stated, reflecting on the challenges Ethereum faces in gaining mainstream financial acceptance. The Crypto Community Reacts In response to Krueger’s critical take, the crypto community on X provided mixed reactions. One user challenged Krueger’s analysis by pointing to Ethereum’s rollup-centric roadmap and the misleading nature of using mainnet daily active users (DAU) as a metric for the platform’s health. Krueger, however, remained unconvinced, stating, “Even L2s like Arbitrum have been in decline for the last 12 months. This is not the case that all is well in ETH-land.” Another user attempted to highlight the cyclical nature of DeFi and the broader crypto market, suggesting that the current downturn is a temporary phase of risk aversion. Yet, Krueger dismissed these arguments, reiterating his lack of interest in speculative DeFi activities and emphasizing his belief in Bitcoin as the true revolutionary cryptocurrency. “I am not interested in degen ape games. Have fun,” he stated. Krueger’s critique extends beyond Ethereum to the broader landscape of cryptocurrencies, questioning the long-term viability and value proposition of altcoins, including Layer 1 solutions other than Bitcoin. He argues that these platforms are unlikely to become significant value generators in the long term, likening their control mechanisms to fiat currencies but with central figures like Vitalik Buterin in place of traditional central bankers. Krueger’s overall stance on Ethereum and the broader crypto market is clear. “My position on ETH. At the end of the day, Bitcoin is the revolution… Every other cryptocurrency is fighting for some other much smaller use case,” he explained, underscoring his belief in Bitcoin’s unique value proposition as a decentralized, finite currency system. At press time, the ETH price surpassed the 0.5 Fibonacci retracement level (at $2,922), trading at $2,935. A weekly close above this threshold could confirm another leg up for the ETH price. ETH price breaks above the 0.5 Fib, 1-day chart | Source: ETHUSD on TradingView.com Featured image created with DALL·E, chart from TradingView.com Disclaimer: The article is provided for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk. Source: NewsBTC.com The post Ethereum Price Tops $3,000, But ‘Is Completely Detached From Reality’: Expert appeared first on Crypto Breaking News.

about 8 hours ago
Coinpedia
Coinpedia
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The post If Shiba Inu (Shib) Is No Longer a Ticket to Crypto Millions, Which Token Is? appeared first on Coinpedia Fintech News Investors are constantly on the lookout for the next big opportunity that could potentially yield substantial returns. With the recent shifts in the market dynamics, many are questioning whether tokens like Shiba Inu (SHIB) still hold the same promise of delivering crypto millions. In this analysis, we’ll explore why Retik Finance is emerging as the new ticket to crypto millions and why investors are turning their attention to this promising project. The Decline of Shiba Inu Shiba Inu (SHIB) captured the attention of the crypto community with its meme-inspired branding and the promise of significant gains akin to those seen with Dogecoin (DOGE).  However, as the crypto market evolves and matures, the hype surrounding meme coins like SHIB has started to fade. Investors are realizing that sustainable growth and long-term value creation are more likely to come from projects with solid fundamentals and innovative solutions. Enter Retik Finance (RETIK) Amidst the changing landscape, Retik Finance has emerged as a promising contender, offering innovative DeFi solutions and a strong foundation for growth. Built on the Solana blockchain, Retik Finance aims to revolutionize decentralized finance (DeFi) by providing users with access to a wide range of financial products and services. From decentralized exchange (DEX) functionalities to AI-powered peer-to-peer lending, Retik Finance offers diverse opportunities for users to participate in the burgeoning DeFi ecosystem. During its 10th presale stage, Retik is priced at $0.12, with a notable accumulation of $27.4 million in funding already achieved. Certik, a prestigious blockchain security firm, conducted a comprehensive audit of the project, confirming the platform’s integrity and reliability. This dedication to security has significantly resonated with investors, who now view Retik Finance as a dependable and trustworthy investment option, especially in the midst of the crypto market’s volatility. Additionally, Retik Finance’s strategic endeavors, highlighted by its recent $333,000 giveaway event, have played a pivotal role in encouraging investor participation and fostering community engagement. Why Retik Finance Is the New Ticket to Crypto Millions? Innovative Features: Retik Finance sets itself apart with its futuristic DeFi debit cards, smart crypto payment gateway, and multi-chain non-custodial DeFi wallet. These innovative features not only enhance user experience but also position Retik Finance as a leader in the rapidly evolving DeFi space. Strong Community Support: Retik Finance has cultivated a vibrant and engaged community of supporters who actively contribute to its development and growth. This strong community backing not only fosters trust and confidence but also serves as a driving force behind Retik Finance’s success. Strategic Partnerships: Retik Finance has forged strategic partnerships with leading players in the crypto industry, enhancing its visibility and credibility. Collaborations with reputable projects and platforms provide Retik Finance with access to new markets and opportunities for growth. Security and Reliability: Retik Finance prioritizes security and reliability, undergoing a thorough audit conducted by Certik, a renowned blockchain security firm. This commitment to ensuring a secure environment for users’ funds and transactions further strengthens Retik Finance’s position as a credible and trustworthy investment option. Potential for Growth: With its innovative features, strong community support, and strategic partnerships, Retik Finance has the potential for significant growth in the coming years. As the project continues to expand its offerings and reach, investors stand to benefit from the potential for substantial returns on their investment. Furthermore, Retik Finance is emerging as the new ticket to crypto millions, offering innovative DeFi solutions and a strong foundation for growth. With its futuristic features, strong community support, and commitment to security and reliability, Retik Finance has the potential to deliver substantial returns for investors seeking sustainable growth and long-term value creation in the dynamic world of cryptocurrencies. As investors reassess their investment strategies in light of shifting market dynamics, Retik Finance stands out as a promising opportunity for those looking to capitalize on the future of decentralized finance. About Retik Finance Retik Finance (RETIK) is a cutting-edge decentralized finance (DeFi) project revolutionizing global transactions with its innovative suite of financial solutions. Introducing futuristic DeFi Debit Cards, a Smart Crypto Payment Gateway, AI-powered Peer-to-Peer (P2P) lending, and a Multi-Chain Non-Custodial Highly Secured DeFi Wallet. Click Here To Take Part In Retik Finance Presale Visit the links below for more information about Retik Finance (RETIK): Website: https://retik.com Whitepaper: https://retik.com/retik-whitepaper.pdf Linktree: https://linktr.ee/retikfinance

about 11 hours ago
Crypto Alerts
Crypto Alerts
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🚀 Major Announcement: Claim Your $200 BNB Now! 🚀 🌐 Participate in 3 Simple Steps: 1. 🚶‍♂️ Follow @SignalStrategist: - 📈 Stay updated with my latest insights and strategies. - 🌐 Your gateway to valuable cryptocurrency updates. 2. 👍 Like and Share the Latest Post: - 📣 Show your support by engaging with the most recent post. - 🔄 Share the excitement with your network. 3. 💬 Confirm Your Participation: - ✅ Comment "DONE" below to secure your entry. - ⚠️ Act promptly to ensure you don't miss out on this fantastic opportunity. 📈 Unlock Your $200 BNB: - 🎉 Seize this thrilling chance to claim your $200 worth of BNB. - 🚀 Act fast and follow the steps to ensure your eligibility. 🌟 Be a Part of the Excitement: - 🌐 Join a community that values your engagement and participation. - 📌 Don't miss out – your $200 BNB awaits! 👉 Secure Your Reward Now! #TrendingTopic #TrendingTopic #TrendingTopic #Write2Earn 💰

about 18 hours ago
CryptoNewsLand
CryptoNewsLand
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The cryptocurrency market continues to offer opportunities for investors to grow their wealth exponentially, even amidst periods of volatility. With strategic investment choices and careful analysis, it’s possible to turn a modest sum into a substantial portfolio. In this article, we’ll explore how three promising cryptocurrencies—Retik Finance, Ripple, and Jupiter—have the potential to multiply your investment from $500 to $10,000 in the first quarter of 2024 while mitigating risks. Retik Finance (RETIK): Pioneering Decentralised Finance Retik Finance (RETIK) has emerged as a frontrunner in the decentralised finance (DeFi) space, captivating investors with its innovative approach and robust community engagement. The project, which debuted in December 2023, prioritises security, practicality, and community involvement, laying a solid foundation for sustainable growth. One of the key factors driving Retik Finance’s potential for growth is its community-driven success. The active engagement of the Retik community on social media platforms and forums has created significant buzz around the project, attracting more contributors and investors. This sense of community solidarity and enthusiasm has played a pivotal role in Retik Finance’s rapid ascent. The project’s presale stages have also been instrumental in its success. By providing early investors with the opportunity to acquire RETIK tokens at favourable prices, currently selling at $0.12, Retik Finance has generated substantial interest within the crypto community. The strong demand and contributions from investors have propelled the project forward, with each presale stage achieving impressive fill rates and fundraising milestones. Moreover, Retik Finance’s commitment to security has instilled confidence among investors. The successful completion of a Certik audit, renowned for its rigorous evaluation of smart contracts, has demonstrated the project’s dedication to protecting investors’ assets. This focus on security and trust further enhances Retik Finance’s potential for growth with minimal risk. Ripple (XRP): Transforming Cross-Border Payments Ripple, the company behind the XRP cryptocurrency, has been at the forefront of revolutionising cross-border payments with its innovative solutions. XRP offers fast and low-cost transfers, making it ideal for use cases such as remittances. Its unique consensus protocol, the XRP Ledger Consensus Protocol, ensures the integrity and efficiency of transactions on the network. Recent developments surrounding Ripple and XRP have fueled optimism among investors. The SEC’s dropping of claims against top Ripple executives in October signalled a positive turn of events for the company. Additionally, Ripple’s partnership with the National Bank of Georgia to pilot a central bank digital currency using the Ripple CBDC Platform demonstrates the utility and adoption potential of XRP. Furthermore, XRP’s recent recognition by regulatory authorities, such as the Dubai Financial Services Authority, and its approval for use in the Dubai International Financial Centre (DIFC), highlight the growing acceptance and legitimacy of the cryptocurrency. These positive developments, coupled with XRP’s strong fundamentals, position it for significant growth in the first quarter of 2024. Despite its recent rally and high market capitalization, XRP still offers ample room for growth, presenting an opportunity for investors to multiply their initial investment with minimal risk. The cryptocurrency’s utility in facilitating efficient cross-border money transfers and its expanding ecosystem contribute to its favourable outlook for the coming months. Jupiter (JUP): Expanding DeFi Opportunities Jupiter stands out as a promising cryptocurrency project that taps into multiple liquidity sources on the Solana blockchain to provide users with highly efficient token swaps. Beyond decentralised exchanges, Jupiter offers features such as limit orders and dollar-cost averaging, enhancing the user experience and accessibility of DeFi protocols. The introduction of perpetual contracts and the LFG Launchpad platform further diversifies Jupiter’s offerings, catering to the growing demand for decentralised trading products and investment opportunities in the cryptocurrency market. These new features expand Jupiter’s reach and appeal to a broader audience of investors seeking innovative financial solutions. While Jupiter initially launched without a native token, the introduction of the JUP governance token has empowered holders to participate in key decisions regarding the platform’s development and direction. The token’s distribution through an airdrop incentivizes community engagement and fosters a sense of ownership among users, contributing to Jupiter’s long-term sustainability and growth. Investing in Jupiter presents an opportunity for investors to capitalise on the expanding DeFi landscape while minimising risk. The project’s focus on efficiency, innovation, and community involvement positions it as a promising contender for growth in the cryptocurrency market. Conclusion: Maximising Returns with Minimal Risk Retik Finance, Ripple, and Jupiter offer compelling opportunities for investors to grow their wealth from $500 to $10,000 in the first quarter of 2024. Each cryptocurrency brings unique strengths and advantages to the table, from Retik Finance’s community-driven success to Ripple’s transformative impact on cross-border payments and Jupiter’s expansion of DeFi opportunities. By strategically diversifying investments across these promising projects and leveraging their respective growth potentials, investors can mitigate risks while maximising returns in the dynamic world of cryptocurrency. With careful consideration and prudent decision-making, investors can unlock the full potential of these cryptocurrencies and achieve significant financial gains in the months ahead. Click Here To Take Part In Retik Finance Presale Visit the links below for more information about Retik Finance (RETIK): Website: https://retik.com Whitepaper: https://retik.com/retik-whitepaper.pdf Linktree: https://linktr.ee/retikfinance The post Which Three Cryptocurrencies Can Grow Your $500 to $10,000 in the First Quarter of 2024 With Minimal Risk? appeared first on Crypto News Land.

about 18 hours ago
Crypto Daily™
Crypto Daily™
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Today's crypto market showed exceptional volatility, as Bitcoin was wavering in its attempt to solidify its position above the $52,000 threshold. Meanwhile, Ethereum briefly grazed the $3,000 mark, only to experience a minor setback. This uncertain dance of numbers led to a cautious approach from investors, who seem to be riding a short-term buying wave amidst an underlying bullish momentum. Adding to the intrigue, Ethereum's imminent mainnet launch of the 'Dencun' upgrade in March is drawing more attention than Bitcoin. This upgrade, tested meticulously on testnets, is expected to significantly smoothen the path for Ethereum's contribution to a promising Web3 future, thus creating a bubbling anticipation within the market. Amidst this whirlwind, other major players in the crypto space like Polygon (MATIC) and Cardano (ADA) were not immune to the market's fluctuations. MATIC recorded a minor dip of less than 1%, whereas ADA took a steeper plunge, dropping over 3%. This contributed to the overall crypto market cap slipping to $1.96 trillion. In contrast to these established coins, the emerging ScapesMania (MANIA) is stirring up its own wave of anticipation. Although its presale stage has concluded, the crypto community is eagerly awaiting its coming Token Generation Event (TGE) and DEX listing, expected to open doors for a broader spectrum of crypto investors to engage with MANIA. Ride The Wave of Innovation with ScapesMania The ScapesMania public sale wrapped up, becoming the talk of the crypto community. The project managed to secure over $6,125,000 at an unprecedented rate and there’s a strong probability that the token's value might increase exponentially in the future. The spotlight has shifted to the Token Generation Event (TGE) coming up on February 25 – March 09. The pool of tokens is smaller than it was before, the conditions are better than the market average, so the chance to maximize your potential returns is quickly diminishing. Letting it slip now would be a huge waste, especially since your chance to join is only a click away. Your Last Chance to Boost Potential Returns Post Listing The team behind ScapesMania, with years of expertise, has crafted a robust post-listing marketing strategy. Buyback, burn, staking, and all the perks for holders keep attracting new adopters while also ensuring a high level of community engagement. Through DAO governance, backers will be able to influence and benefit from a growing industry. Moreover, the token's utility is impressive. It's not another meme coin whose success relies heavily on trends and hype. ScapesMania ($MANIA) is a well-balanced, meticulously designed project that acts as a gaming ecosystem. As a player in the multi-billion casual gaming industry, it leverages the market's growth potential. Post-debut, holders can anticipate greater liquidity and easier trading. A solid token management plan will further increase longer-term growth potential.  The community's excitement about the project is evident so far: the follower count has reached 60K+. Also, the growing interest from crypto whales with deposits of $20,000+ might expedite ScapesMania's transition from niche to mainstream. ScapesMania's smart contract has received approval from prominent security-ranking firms, ensuring peace of mind for holders. Additionally, the PancakeSwap listing is on the horizon, with CEX listings still in the works. ScapesMania is also notable for a great cliff vesting structure to prevent token dumping, making sure that supply and demand are well-matched for potential growth. Make sure you don't pass up the opportunity to leverage all discounts and potentially beat the market with the TGE fast approaching. Be quick if you want to be the first one in line for all the post-listing opportunities, which might be quite lucrative. >>> TGE ALERT – Keep Up With Latest News <<< Polygon (MATIC) Price Analysis Polygon (MATIC) recently displayed remarkable resilience in the face of market volatility, successfully reclaiming the psychologically significant $1 mark. This achievement came on the heels of a nearly month-long rally, during which MATIC initiated a robust recovery trendline. Polygon's (MATIC) journey began in late January with a bounce back from $0.722, exhibiting a V-shaped recovery that is often interpreted as a strong indication of buyer dominance. This momentum propelled MATIC's price by nearly 40% within a month, breaching the $1.01 mark and effectively surpassing both the $0.945 resistance and the 61.8% Fibonacci retracement level of the previous correction. Polygon (MATIC) Technical Outlook Technically, Polygon (MATIC) is currently positioned between the first support at $0.8784 and the first resistance at $1.0604, suggesting a delicate balance in market forces. Source: TradingView The Exponential Moving Averages (EMAs) indicate a positive trend, with the 10-day EMA at $0.9921 slightly above the 50-day EMA at $0.94, and both well above the 200-day EMA at $0.8651, reinforcing the bullish sentiment. The Commodity Channel Index (CCI) at 30.07 aligns with a burgeoning bullish scenario, and the MACD level at 0.0193, though modest, supports this view. The Relative Strength Index (RSI) at 51.95 is hovering around the midline, suggesting a neutral market sentiment. However, the Stochastic %K at 67.26 points to a slightly overbought condition, while the Average Directional Index (ADX) at 25.21 indicates a lack of strong trend. Polygon (MATIC) Price Forecast In the bullish scenario, if MATIC maintains its foothold above the newly established support-turned-resistance level of $0.9458, we could witness a further ascent towards $1.0604, and potentially challenge the higher resistances at $1.1212 and $1.3032. The key to this scenario lies in the sustenance of buyer momentum and Polygon's (MATIC) ability to withstand any negative spill-over effects from Bitcoin's movements. Conversely, in a bearish outcome, if MATIC succumbs to the selling pressure, particularly influenced by Bitcoin's performance, it might retest $0.8784. A breach below this level could see the coin drift towards the lower supports at $0.7572 and $0.5752, potentially erasing the gains accrued in the recent rally. Cardano (ADA) Price Analysis Recently, Cardano (ADA) was on a path to potentially reclaim its previous support levels above the $0.65 mark. Despite a sluggish recovery over the past month, ADA's bullish momentum remained underpinned by active participation. Analyst Ali Martinez, a well-known figure in the crypto market, drew parallels between Cardano's (ADA) current chart patterns and those observed during the 2020 pandemic-triggered crypto market crash. Martinez's analysis suggested that if ADA replicated this 2020 pattern entirely, it could enter a consolidation phase that would last until April 2024. Consolidation is a phase where the cryptocurrency stagnates between two levels as the market exhibits indecision about its long-term direction. Cardano (ADA) Technical Outlook From a technical standpoint, Cardano (ADA) is currently trading between its first support at $0.544 and first resistance at $0.662. Source: TradingView The EMAs for 10, 50, and 200 days are $0.611, $0.597, and $0.551 respectively, suggesting a tussle between short-term volatility and longer-term stability. The RSI at 41.2, combined with a low Stochastic %K of 16.5, points towards potential undervaluation, signaling room for an upward price movement. However, the CCI at -246.4 and a negative Momentum of -0.028 imply bearish pressures. The ADX at 26 indicates a lack of strong trend, aligning with Martinez's consolidation theory. Cardano (ADA) Price Forecast In a bullish scenario, if ADA's patterns align closely with those from 2020, there's a chance for a significant upward trend, potentially reaching the $0.704 and $0.812 price levels. In the long run, Cardano (ADA) can even hit the elusive $8 mark for the first time this year, as per Martinez's analysis. Conversely, the bearish outlook is fueled by the current negative market sentiment, as highlighted by on-chain data. The overall crypto market, including ADA, is experiencing a more negative crowd sentiment than historical averages, as reported by Santiment. In this case, Cardano (ADA) could experience a downturn, pushing it to retest the next defense lines at $0.488 and $0.38. Bottomline In today’s volatile crypto market, Polygon (MATIC) and Cardano (ADA) have each charted their unique courses.  MATIC, demonstrating resilience, recently rebounded impressively, surpassing key resistance levels and showcasing strong bullish indicators in its technical analysis. The path ahead for Polygon (MATIC), though optimistic, isn't without potential pitfalls as it navigates the ebb and flow of market forces and Bitcoin's influence.  Meanwhile, ADA, currently fluctuating between significant support and resistance levels, faces a critical juncture. Cardano's (ADA) journey could mirror its 2020 pattern, potentially entering a prolonged consolidation phase, yet there's still room for an upward trajectory if market sentiment shifts. As investors and traders weigh these analyses of MATIC and ADA, the crypto market continues its unpredictable move, with each coin carving out its destiny in this dynamic financial landscape. Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.

about 15 hours ago
Cryptopolitan
Cryptopolitan
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Success tales from the dynamic and always changing world of cryptocurrencies catch investors’ attention globally. Retik Finance (RETIK), a brand-new coin that has just entered the market, is being heralded by many as the most significant cryptocurrency success story since Shiba Inu’s explosive surge. Retik Finance has shocked the cryptocurrency community with a 400% increase in recent weeks. This has drawn a flood of eager investors looking to take advantage of the company’s tremendous development potential. Retik Finance (RETIK) made a bold statement when it first launched, gaining recognition for its avant-garde idea of decentralised finance (DeFi) & its audacious vision for the development of cryptocurrencies. Retik Finance, which was founded on the values of openness, security, and accessibility, seeks to transform the way people engage with digital assets by providing a wide range of goods and services that will enable users all over the world. Retik Draws Comparison With Shiba Inu In the cryptocurrency community, parallels to Shiba Inu, the infamous “Dogecoin killer,” aren’t construed lightly. Investors were enthralled with Shiba Inu’s extraordinary ascent from obscurity to fame, which also established a new benchmark for meme coins and altcoins. Sounds of Shiba Inu’s success are now resonating throughout the cryptocurrency community with Retik Finance’s explosive rise, indicating the arrival of a new competitor ready to create waves in the market like SHIB did in 2021. Introducing the New Coin, Retik Finance (RETIK) Retik Finance (RETIK) aims to revolutionise the global financial landscape through its innovative decentralised finance (DeFi) solutions. With a vision to decentralise the banking sector, Retik Finance (RETIK) introduces a comprehensive ecosystem designed to empower individuals and businesses worldwide. Through the Retik Wallet, DeFi Debit Cards, and Retik Pay, this platform offers a seamless fusion of digital and traditional finance, enabling users to transact, earn, and spend cryptocurrencies effortlessly. The $RETIK token serves as the backbone of the ecosystem, promoting financial autonomy, governance, and user engagement. By embracing decentralised technologies, Retik Finance aims to address the limitations of traditional banking systems, offering enhanced security, accessibility, and privacy while facilitating cross-border transactions. The transformative power of Retik’s decentralised system promises enhanced financial inclusivity, reduced transactional friction, and increased transparency. Accelerated Development and Investor Excitement  Retik Finance’s worth has recently experienced an incredible 400% increase in a couple of weeks, making it a truly remarkable rise in value. Investors are in a frenzy trying to join in on the momentum and lock up their investment in what many predict will emerge as the next big cryptocurrency success story as a result of this exponential development. Retik Finance has risen quickly to prominence because investors from all over the world are drawn to it by the promise of bright futures and enormous rewards. The reason Behind Retik’s Early Achievements What distinguishes Retik Finance from other cryptocurrencies competing for public attention? Retik Finance’s success is mostly due to its forward-thinking leadership, cutting-edge technology, and steadfast dedication to its community. Retik Finance, led by a group of seasoned experts, has successfully navigated the waters by utilising state-of-the-art decentralised systems and blockchain technology to establish an incredibly innovative platform. Future Prospects Retik Finance (RETIK) has big plans for the future and is focused on going above and beyond its current achievements.With goals to create strategic alliances, deliver novel products and solutions, and broaden its ecosystem, Retik Finance is well-positioned to dominate the cryptocurrency market for some time to come. Retik Finance (RETIK) wants to transform the decentralised finance industry and bring in a new era of wealth for all people by encouraging innovation, advancing financial inclusion, and empowering people all over the world. Final Thought: Embracing the Success Wave Retik Finance’s rapid growth raises the question, “Could this be the upcoming major crypto success story?” to investors. Retik Finance (RETIK) possesses the characteristics of an important force in the market thanks to its rapid expansion, cutting-edge technology, and inspirational leadership. One thing is certain as investors pour in and enthusiasm builds to a ferocious level: Retik Finance has become a formidable force in the cryptocurrency space, and the ride is far from over. With the presale phases of RETIK gradually coming to a close, early investors are set for a boom, and new investors can capitalise before the new coin becomes mainstream and deliver even more than its current 400% milestone. Click Here To Take Part In Retik Finance Presale Visit the links below for more information about Retik Finance (RETIK): Website: https://retik.com Whitepaper: https://retik.com/retik-whitepaper.pdf Linktree: https://linktr.ee/retikfinance

about 20 hours ago
Cryptopolitan
Cryptopolitan
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Identifying the next Solana (SOL) – a token that has seen exponential growth and garnered widespread attention – is the goal of many investors. With Retik Finance priced at a modest $0.12, there’s speculation as to whether it could be the next SOL.  Understanding Retik Finance (RETIK) Retik Finance is a decentralized finance (DeFi) project built on the Solana blockchain, aiming to revolutionize the way users interact with financial services. With features like futuristic DeFi debit cards, smart crypto payment gateways, and AI-powered peer-to-peer lending, Retik Finance offers a comprehensive suite of products to its users. Priced at $0.12 during its presale stage, Retik Finance presents an attractive entry point for investors seeking exposure to the potential of DeFi innovation. Retik Finance underwent a comprehensive audit by Certik, a renowned blockchain security firm, which validated the platform’s integrity and dependability. This dedication to security has garnered significant trust from investors, who now view Retik Finance as a reliable and trustworthy investment opportunity, especially given the volatility of the crypto market. Moreover, Retik Finance’s strategic initiatives, such as its recent $333,000 giveaway event, have played a vital role in encouraging investor involvement and fostering community engagement. Comparing Retik Finance (RETIK) to Solana (SOL) Solana (SOL) has been hailed as one of the top-performing cryptocurrencies, boasting rapid growth and widespread adoption. As Retik Finance seeks to emulate Solana’s success, it’s essential to analyze key similarities and differences between the two projects: Solana is known for its high throughput and scalability, capable of processing thousands of transactions per second. Retik Finance, built on the Solana blockchain, inherits these technological advantages, positioning it well for scalability and mass adoption. Both Solana and Retik Finance prioritize innovation, offering a range of cutting-edge features and use cases within the DeFi space. While Solana focuses on decentralized applications (dApps) and smart contracts, Retik Finance introduces innovative solutions like DeFi debit cards and AI-powered lending, catering to different aspects of the financial ecosystem. Solana’s success lies in its ability to capture market demand for fast, low-cost transactions and decentralized applications. Retik Finance aims to tap into similar market potential, targeting users seeking efficient, user-friendly DeFi solutions. With its competitive pricing and innovative features, Retik Finance could attract a significant user base and drive adoption in the DeFi sector. Challenges and Opportunities for Retik Finance While Retik Finance shows promise as a potential competitor to Solana, it also faces challenges and opportunities on its path to success: The crypto market is highly competitive, with numerous projects vying for attention and market share. Retik Finance must differentiate itself from competitors and offer unique value propositions to attract users and investors. Regulatory uncertainty remains a significant concern for the crypto industry. Retik Finance must navigate evolving regulatory frameworks and ensure compliance with applicable laws and regulations to mitigate regulatory risks. Building a strong user base and increasing awareness of Retik Finance within the crypto community are crucial for its long-term success. Strategic marketing initiatives, community engagement efforts, and partnerships can help raise awareness and drive adoption of the platform. Developing and maintaining a secure, reliable platform capable of handling high transaction volumes is essential for Retik Finance’s success. Continual improvements to the platform’s technology and infrastructure are necessary to address technical challenges and ensure a seamless user experience. In conclusion, Retik Finance priced at $0.12 has the potential to emerge as the next Solana in the crypto world. With its innovative features, competitive pricing, and strong technological foundation, Retik Finance is well-positioned to capture market demand for efficient, user-friendly DeFi solutions.  However, it also faces challenges such as competition, regulatory uncertainty, and technical hurdles that must be addressed to realize its full potential. As investors assess Retik Finance’s prospects, they must carefully evaluate its strengths, weaknesses, and growth opportunities in the dynamic and ever-evolving crypto market. About Retik Finance Retik Finance (RETIK) is a cutting-edge decentralized finance (DeFi) project revolutionizing global transactions with its innovative suite of financial solutions. Introducing futuristic DeFi Debit Cards, a Smart Crypto Payment Gateway, AI-powered Peer-to-Peer (P2P) lending, and a Multi-Chain Non-Custodial Highly Secured DeFi Wallet. Click Here To Take Part In Retik Finance Presale Visit the links below for more information about Retik Finance (RETIK): Website: https://retik.com Whitepaper: https://retik.com/retik-whitepaper.pdf Linktree: https://linktr.ee/retikfinance

about 21 hours ago
Crypto Daily™
Crypto Daily™
followers

While Bitcoin appears to be in a dormant state above $52,000, signaling a possible pullback, the altcoin season is in full swing, which is particularly evident in the volatile realm of meme coins. Unlike previous seasons, where these coins have seen rapid and significant jumps, this time around, their pace is more measured. This slower approach might signal an impending bull run, especially as we approach the Bitcoin halving event, which is now just 8,776 blocks away.  The pre-halving rally is a moment ripe with opportunity, suggesting that now could be the ideal time to invest in top meme coins, Dogecoin (DOGE) and Shiba Inu (SHIB), before they potentially skyrocket. DOGE has shown a steady uptrend, with a 6% rise in the past week, though it's still striving to conclude the month on a high note. On the other hand, SHIB, buoyed by the success of its Shibarium project, is building on its February gains with a modest 2.5% increase over the week. Interestingly, over a 90-day period, Shiba Inu (SHIB) has outperformed Dogecoin (DOGE), suggesting a more stable medium-term growth trajectory.  Amidst this landscape, a new player, ScapesMania (MANIA), is also making waves. Although its presale stage has concluded, the crypto community is eagerly anticipating its upcoming Token Generation Event and subsequent listing on decentralized exchanges. Ride The Wave of Innovation with ScapesMania The ScapesMania public sale wrapped up, becoming the talk of the crypto community. The project managed to secure over $6,125,000 at an unprecedented rate and there’s a strong probability that the token's value might increase exponentially in the future. The spotlight has shifted to the Token Generation Event (TGE) coming up on February 25 – March 09. The pool of tokens is smaller than it was before, the conditions are better than the market average, so the chance to maximize your potential returns is quickly diminishing. Letting it slip now would be a huge waste, especially since your chance to join is only a click away. Your Last Chance to Boost Potential Returns Post Listing The team behind ScapesMania, with years of expertise, has crafted a robust post-listing marketing strategy. Buyback, burn, staking, and all the perks for holders keep attracting new adopters while also ensuring a high level of community engagement. Through DAO governance, backers will be able to influence and benefit from a growing industry. Moreover, the token's utility is impressive. It's not another meme coin whose success relies heavily on trends and hype. ScapesMania ($MANIA) is a well-balanced, meticulously designed project that acts as a gaming ecosystem. As a player in the multi-billion casual gaming industry, it leverages the market's growth potential. Post-debut, holders can anticipate greater liquidity and easier trading. A solid token management plan will further increase longer-term growth potential.  The community's excitement about the project is evident so far: the follower count has reached 60K+. Also, the growing interest from crypto whales with deposits of $20,000+ might expedite ScapesMania's transition from niche to mainstream. ScapesMania's smart contract has received approval from prominent security-ranking firms, ensuring peace of mind for holders. Additionally, the PancakeSwap listing is on the horizon, with CEX listings still in the works. ScapesMania is also notable for a great cliff vesting structure to prevent token dumping, making sure that supply and demand are well-matched for potential growth. Make sure you don't pass up the opportunity to leverage all discounts and potentially beat the market with the TGE fast approaching. Be quick if you want to be the first one in line for all the post-listing opportunities, which might be quite lucrative. >>> TGE ALERT – Keep Up With Latest News <<< Dogecoin (DOGE): Breaking Transaction Records Dogecoin (DOGE) showed signs of a robust recovery from its recent decline, bolstered by a 140% surge in trading volume. The increased trading activity propelled DOGE back into the top 10 cryptocurrencies by market capitalization. Since late January, particularly around January 30, the network has consistently recorded more than 1 million transactions daily, with a peak nearing 2 million transactions. The flurry of activity reported by IntoTheBlock highlighted a significant uptick in Dogecoin's (DOGE) ecosystem, correlating closely with its price movement. Dorecoin (DOGE) Technical Analysis From a technical standpoint, DOGE is currently trading between its first support at $0.0805 and first resistance at $0.0894. Source: TradingView The Exponential Moving Averages (EMA) paint a promising picture, with the 10-day EMA at $0.0871 slightly above the current price, while the 50-day and 200-day EMAs at $0.0848 and $0.0826, respectively, provide a bullish backdrop. The Relative Strength Index (RSI) at 53.27 suggests that Dogecoin (DOGE) is neither overbought nor oversold, offering room for movement in either direction. Additionally, the Stochastic %K at 48.82, alongside a moderate Average Directional Index (ADX) of 30.12 and a Commodity Channel Index (CCI) of 54.1, indicate a potential for momentum build-up. The MACD level at 0.0009 and Momentum at 0.0011 further support the potential for price changes. Dorecoin (DOGE) Price Forecast Looking at potential scenarios, the bullish case for Dogecoin (DOGE) could see it breaking past $0.0894 and aiming for the next resistance levels at $0.0932 and $0.1021, bolstered by factors such as the speculated collaboration with Ferrari and whales' accumulation of millions of DOGE. The Dogecoin Foundation's vision to expand DOGE's utility through the integration with e-commerce platforms like Shopify and other online merchants can also fuel a sustained upward trajectory. On the flip side, a bearish scenario might emerge if DOGE fails to sustain its momentum, potentially leading it to retest its first support level at $0.0805. Further decline could see it approaching the lower support lines at $0.0754 and $0.0665, influenced by market sentiment and broader crypto market trends. Shiba Inu (SHIB): Shibarium's Milestone and NFT Revolution The recent update from the Shibariumscan explorer revealed that Shibarium, the layer-2 blockchain designed for Shiba Inu (SHIB), has achieved two major milestones, signaling a substantial expansion in its utility. This includes setting a new transaction record with over 360 million SHIB transactions, and an impressive surge in daily transactions, reaching three million. Additionally, the Shiba Inu (SHIB) team is innovating with the introduction of Sheboshis NFTs on the new ERC-404 standard, aimed at the female segment of the SHIB community. Upgrades to the Shiba Eternity game and enhancements in play-to-earn features also paint an optimistic picture for Shiba Inu's (SHIB) future. Shiba Inu (SHIB) Technical Analysis From a technical standpoint, SHIB is currently navigating between its first support level at $0.00000928 and the first resistance level at $0.00001012. Source: TradingView The EMAs are showing a convergence, with the 10-day EMA at $0.00000982, 50-day EMA at $0.00000969, and the 200-day EMA at $0.00000946, indicating a potential for price consolidation. The RSI at 55.5 suggests a neutral market sentiment, while the Stochastic %K value at 64.9 points to increasing buying pressure. However, the low ADX of 15.2 implies a lack of strong trend, and the MACD level and Momentum indicators are showing minimal positive divergence, suggesting cautious optimism. Shiba Inu (SHIB) Price Forecast Looking at the potential scenarios, the bullish case for Shiba Inu (SHIB) would involve breaking through $0.00001012 and aiming for the higher resistance levels of $0.00001051 and $0.00001135. This upward movement could be fueled by the increasing utility and transaction volumes on Shibarium, coupled with the anticipated integration of Sheboshis NFTs and enhancements in the Shiba Eternity game. On the flip side, a bearish scenario would see SHIB retracing back to its support levels, particularly if it fails to sustain the current buying momentum. A drop below $0.00000928 could lead to tests of lower supports at $0.00000883 and $0.00000799. Bottomline As the altseason rolls in, Dogecoin (DOGE) and Shiba Inu (SHIB) are standing out with notable developments and promising technical indicators. DOGE, rejuvenated by a surge in trading volume, is oscillating between key support and resistance levels, poised for potential upward momentum. Meanwhile, SHIB, fueled by Shibarium's record-breaking transactions and the launch of Sheboshis NFTs, is also trading between crucial technical markers, hinting at possible price consolidation with a side of cautious optimism. Both Dogecoin (DOGE) and Shiba Inu (SHIB), in the limelight of the pre-halving rally, present intriguing scenarios for investors, balancing on the edge of bullish and bearish trends as they navigate through a market ripe with opportunities and challenges. Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.

1 day ago
Crypto Daily™
Crypto Daily™
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The crypto market is buzzing with excitement, fueled by the recent surge in Ethereum price, which tantalizingly approached the $3,000 milestone. The second-largest cryptocurrency reached $2,980 on Monday, February 19, its highest level in 22 months, and reignited speculation about the coming altseason. Apollo Capital's Henrik Andersson shared this sentiment, pointing to Ethereum's impending updates and the mainnet launches of scaling solutions. Amidst this optimistic backdrop, one of Ethereum's most popular scaling solutions, Optimism (OP), soared over 10% in the past week to hit $4.1 before the price started correcting gains. However, not all players are enjoying the same upward trajectory. Competing scalability-focused blockchains like Cosmos (ATOM) and NEAR Protocol (NEAR) are experiencing a downturn, with both tokens showing bearish trends in today's trading session.  In this dynamic and somewhat unpredictable market landscape, the next developments for ScapesMania (MANIA) are drawing attention. Although its presale stage has concluded, the anticipation for its forthcoming Token Generation Event (TGE) and decentralized exchange listing is palpable. Ride The Wave of Innovation with ScapesMania The ScapesMania public sale wrapped up, becoming the talk of the crypto community. The project managed to secure over $6,125,000 at an unprecedented rate and there’s a strong probability that the token's value might increase exponentially in the future. The spotlight has shifted to the Token Generation Event (TGE) coming up on February 25 – March 09. The pool of tokens is smaller than it was before, the conditions are better than the market average, so the chance to maximize your potential returns is quickly diminishing. Letting it slip now would be a huge waste, especially since your chance to join is only a click away. Your Last Chance to Boost Potential Returns Post Listing The team behind ScapesMania, with years of expertise, has crafted a robust post-listing marketing strategy. Buyback, burn, staking, and all the perks for holders keep attracting new adopters while also ensuring a high level of community engagement. Through DAO governance, backers will be able to influence and benefit from a growing industry. Moreover, the token's utility is impressive. It's not another meme coin whose success relies heavily on trends and hype. ScapesMania ($MANIA) is a well-balanced, meticulously designed project that acts as a gaming ecosystem. As a player in the multi-billion casual gaming industry, it leverages the market's growth potential. Post-debut, holders can anticipate greater liquidity and easier trading. A solid token management plan will further increase longer-term growth potential.  The community's excitement about the project is evident so far: the follower count has reached 60K+. Also, the growing interest from crypto whales with deposits of $20,000+ might expedite ScapesMania's transition from niche to mainstream. ScapesMania's smart contract has received approval from prominent security-ranking firms, ensuring peace of mind for holders. Additionally, the PancakeSwap listing is on the horizon, with CEX listings still in the works. ScapesMania is also notable for a great cliff vesting structure to prevent token dumping, making sure that supply and demand are well-matched for potential growth. Make sure you don't pass up the opportunity to leverage all discounts and potentially beat the market with the TGE fast approaching. Be quick if you want to be the first one in line for all the post-listing opportunities, which might be quite lucrative. >>> TGE ALERT – Keep Up With Latest News <<< Optimism (OP): Scaling New Heights A favorite among developers, Optimism (OP) scales the Ethereum network while leveraging its security. Following a boost in investor sentiment, partly driven by the introduction of the Bitcoin ETF, OP experienced a bullish wave, further bolstered by recent strategic moves, such as allocating 2 million OP tokens to the DeFi layer-2 (L2) network Mode. Source: TradingView Optimism (OP) recently surpassed the $4 mark, aligning with the overall bullish sentiment surrounding Ethereum. Currently, OP is trading between its support at $3.5 and resistance at $4.3, indicating a critical juncture in its market positioning.  Optimism (OP) Technical Analysis From a technical standpoint, OP's Exponential Moving Averages (EMAs) present a bullish scenario; the 10-day EMA at $3.9, the 50-day EMA at $3.7, and the 200-day EMA at $3.4 all suggest a sustained upward trend. The Relative Strength Index (RSI) at 64.3 leans towards overbought territory but isn't extreme, indicating strong buying interest. The Stochastic %K, at 58.5, supports this, showing momentum without being overextended. The Commodity Channel Index (CCI) at 138.7 and the MACD level at 0.057 also reinforce the bullish sentiment, while the Momentum indicator at 0.236 suggests increasing buying pressure. However, the Average Directional Index (ADX) at a low 22.9 suggests a lack of strong trend strength.  Optimism (OP) Price Prediction In a bullish scenario, if Optimism (OP) maintains its current trajectory and investor interest remains high, we could see OP testing the next resistance level at $4.8. This outlook aligns with the optimistic forecasts projecting Optimism's (OP) growth towards $10 by 2025. However, in a bearish scenario, challenges such as intense competition in the scaling solution space and concerns over market volatility due to limited token circulation could apply downward pressure. If these factors become prominent, OP might retreat towards $3.2, or even lower to $2.7. Cosmos (ATOM): Charting the Recovery Path Cosmos (ATOM) has recently been navigating choppy waters, grappling with persistent bearish sentiment. The token dropped by 14% in January, plummeting below the local high of $12.227. However, recent market trends suggest a potential shift in this narrative. Despite the earlier setbacks, ATOM exhibited resilience, with its weekly price chart reflecting a modest 3% uptick. This upward movement extends into the monthly timeframe, where Cosmos (ATOM) has almost clinched a 6% gain. Source: TradingView This gradual yet steady growth, particularly following the pronounced bearish phase in January, signals a potential reversal in fortunes for the token. Market analysts are now increasingly optimistic, forecasting a possible resurgence for ATOM in the weeks ahead. Now, ATOM is currently navigating a critical phase, trading between its first support level at $9.78 and the first resistance level at $11.03. Cosmos (ATOM) Technical Analysis Cosmos' (ATOM) 10-day EMA at $10.53 is slightly above the current price, indicating a mild bearish pressure. However, the 50-day and 200-day EMAs at $10.29 and $9.93, respectively, suggest underlying support, offering a silver lining for potential bullish momentum. The RSI at 47.16 is hovering near the neutral 50 mark, hinting at a balanced sentiment among traders. The Stochastic %K at 29.18 and the CCI at -17.84 further reinforce this neutral-to-bearish outlook. Meanwhile, the ADX at a low 20.14 indicates a lack of strong trend, and the MACD level of 0.081 coupled with negative Momentum at -0.228 underlines the need for caution. Cosmos (ATOM) Price Prediction In the bullish scenario, if ATOM successfully breaks above $11.03, it could trigger a wave of buying interest, potentially pushing the price towards $11.46 and $12.71 levels. This movement would be supported by a crossover in the EMAs, particularly if the short-term EMA crosses above the longer-term averages.    Conversely, in the bearish case, a failure to sustain above $9.78 could see Cosmos (ATOM) retesting lower support levels at $8.96 and $7.71. This would be accompanied by a further decline in the RSI below 45 and a continuation of the negative trend in the Stochastic and MACD indicators. NEAR Protocol (NEAR): Analyzing the Shift from Bear to Bull NEAR Protocol (NEAR) has recently shown signs of resurgence, breaking away from its bearish trend that dominated most of January. This shift in momentum is evident in its recent market performance, where NEAR has experienced a noteworthy uptick of over 7% in the past week and an impressive 12% increase month-to-date. Source: TradingView Despite this positive trend, NEAR is still trading below its year-to-date high of $4.3, reached on December 27, 2023. Currently positioned between the first support at $3.2 and the first resistance at $3.71, the token is navigating a crucial phase in its price trajectory as it potentially gears up for a continued rally. NEAR Protocol (NEAR) Technical Analysis From a technical analysis standpoint, NEAR Protocol's (NEAR) EMAs provide a bullish signal, with the 10-day EMA at $3.46 slightly above the 50-day EMA $3.34, indicating short-term momentum. However, the 200-day EMA at $3.13 suggests a need for caution, reflecting the longer-term trend. The ADX at 25.52, still below the threshold of 25, hints at a lack of strong trend. The CCI at -17.33 is near the zero line, suggesting a balance between buying and selling pressures. The RSI at 45.79 is near the neutral 50 mark, neither strongly bullish nor bearish. The Stochastic %K is under 40, typically a sign of a potential turnaround. The MACD Level at 0.038 is marginally positive, but the negative Momentum at -0.157 calls for a cautious approach. NEAR Protocol (NEAR) Price Prediction In the bullish scenario, if NEAR manages to break past $3.71, it could be en route to test the second resistance at $3.91. A sustained bullish momentum could even propel NEAR towards the $4.42 mark, aligning with analysts' projections for Q1 of 2024. Conversely, in a bearish scenario, failure to hold above $3.2 might see NEAR Protocol (NEAR) sliding towards the second support level at $2.88. A breach below this could lead to a retest of the third support at $2.37, marking a significant retreat from its current levels. Final Thoughts In today's crypto market, Ethereum's surge is casting a spotlight on its scaling solution, Optimism (OP), which is experiencing a significant rally, while competitors like Cosmos (ATOM) and NEAR Protocol (NEAR) face varied fortunes. But despite recent struggles, ATOM shows signs of a recovery path, with a modest uptick hinting at a possible market sentiment reversal. NEAR, after a period of bearish trends, is also witnessing a resurgence, indicating a potential shift towards a bullish trajectory. Whether you’re dabbling in digital currencies or going all-in, making sure you’re clued-up can make or break your experience. Remember this – you don’t want yesterday’s news guiding today’s decisions! Keep learning and stay flexible; that way, you'll be more likely to ride out any storm and catch those high waves when they come rolling in. Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.

1 day ago
Cryptopolitan
Cryptopolitan
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In the ever-evolving landscape of cryptocurrencies, recent developments have highlighted significant shifts in market dynamics. Polygon’s recent triumph over Solana, coupled with the anticipated growth of Polkadot and the upcoming launch of Rebel Satoshi ($RBLZ), has sparked widespread interest among investors. In this article, we delve into the implications of Polygon’s victory, the potential for Polkadot’s expansion, and the promising prospects of Rebel Satoshi as it prepares for launch. Polygon Surpasses Solana: A Decisive Win Polygon, a Proof-of-Stake (PoS) network, has emerged victorious in a recent showdown against Solana, another prominent blockchain platform. The competition centered around on-chain activity and user engagement, where Polygon demonstrated remarkable performance. Polygon recorded the second-highest number of daily transactions, totalling 3.41 million, surpassing Solana in daily active addresses. This achievement underscores Polygon’s growing influence in crypto and highlights its scalability and usability as an Ethereum scaling solution. With daily active addresses nearing all-time highs and a surge in on-chain activity, Polygon has positioned itself as a top contender in the blockchain ecosystem. Polkadot: Anticipating Expansion As attention shifts to potential market leaders, Polkadot emerges as a frontrunner poised for significant expansion. Polkadot, an open-source sharded multichain protocol, offers a foundation for a decentralized internet of blockchains, enabling interoperability and scalability across diverse blockchain networks. Polkadot’s innovative relay chain architecture and parachain ecosystem provide a robust infrastructure for building decentralized applications and facilitating cross-chain communication. The recent surge in interest surrounding Polkadot stems from its ability to connect public and private chains, facilitate autonomous upgrades through on-chain governance, and support a wide range of use cases. As developers and investors explore the possibilities of Polkadot’s ecosystem, the platform’s potential for growth and adoption remains promising. Rebel Satoshi ($RBLZ): An Exciting Opportunity Amidst the evolving crypto landscape, Rebel Satoshi ($RBLZ) emerges as a promising investment opportunity on the horizon. Built on the Ethereum network, Rebel Satoshi is a decentralized blockchain project set to disrupt the market with its innovative approach and ambitious goals. With a successful presale that has already sold over 123 million RBLZ tokens and raised close to $1.8 million, Rebel Satoshi is gearing up for its much-anticipated launch. Investors are increasingly drawn to Rebel Satoshi for its secure smart contracts audited by a top auditing firm, Source Hat, and its commitment to transparency and community engagement. This is one of the reasons why Rebel Satoshi is a strong contender for the title of the best memecoin. With the presale nearing $2 million and discussions underway for tier 1 centralized exchange (CEX) listings, Rebel Satoshi presents a compelling investment opportunity for those looking to capitalize on the potential of emerging blockchain projects. Seizing Opportunities in a Dynamic Market In conclusion, the cryptocurrency market continues to evolve rapidly, presenting investors with many opportunities for growth and innovation. Polygon’s victory over Solana, the anticipated expansion of Polkadot, and the upcoming launch of Rebel Satoshi exemplify the dynamic nature of the crypto landscape. As investors navigate this ever-changing market, staying informed and identifying promising projects like Rebel Satoshi can lead to lucrative investment opportunities. As investors evaluate which crypto to buy today for long-term gains, Rebel Satoshi frequently finds itself in the conversation. Its unique features and strong community support position it as one of the top crypto coins to watch in the coming months. Now is the time for investors to consider their options carefully and seize the opportunities presented by emerging crypto projects like Rebel Satoshi, which promise to shape the future of decentralized finance and blockchain technology. For the latest updates and more information, be sure to visit the official Rebel Satoshi Presale Website or contact Rebel Red via Telegram

1 day ago
The Cryptonomist
The Cryptonomist
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SPONSORED POST* In the world of presales, the Pullix presale has just entered stage 7 while BlockDAG has crossed the $1 million mark within the 2nd batch of its presale and is still on a roll. Meanwhile, the Solana Bull trend gains momentum as Bluntz predicts a robust rally, inviting participation and speculation. The BlockDAG presale’s astounding $1 million raise in a day has ignited frenzy among investors, offering a 5000% ROI potential, making it the top altcoin to watch. Join the discourse and explore the most lucrative opportunities in the cryptoverse currently. Unravelling the Pullix Presale Hype: Sorting Fact from Fiction As the Pullix presale marches into stage 7, scepticism grows around its grand claims. Despite offloading 85 million PLX tokens for $5.25 million, Pullix’s long-term prospects seem uncertain. Its hybrid trading model blends centralized and decentralized finance, but concerns persist over security and longevity. With PLX priced at $0.10, a steep leap from $0.04, cautionary voices warn against blind investment in this presale phenomenon. Riding the Solana Surge: Expert Analysis Points to Bullish Momentum Ahead! Joining the Solana Bull trend, Bluntz, anonymously sharing insights, predicts a significant rally for the cryptocurrency. They’re convinced Solana is on the verge of a robust third wave of growth, citing its potential to revisit highs from January 2022. Their analysis aligns with the Elliott Wave theory, indicating a strong uptrend. Bluntz expresses optimism, emphasising their substantial investment in Solana. Crypto experts anticipate an average rate of $143.69, with potential lows at $139.70 and highs at $162.60. BlockDAG Coin: Revolutionizing Crypto with A Grand Presale & $2 Million Mega Giveaway! BlockDAG Coin’s presale news ignited a frenzy in the crypto world, raising a jaw-dropping $1 million in just one day! Early investors grabbed BDAG coins for a mere $0.001 each, only to see prices surge to $0.0015 per coin as batch 2 started – that’s a 50% price increase! With over a billion BDAG coins sold already, batch 2 might close at any minute! Don’t miss out! But it’s not just about the money. This presale is about building a passionate community from day one. You can get tokens at a discount and actively shape the project’s future. Tokens are flying off virtual shelves, showing massive demand. At the heart of BlockDAG is its cutting-edge miner range. From the mobile-friendly BlockDAG X1 to the powerhouse X100, these rigs redefine mining efficiency. The BlockDAG X1 can mine 20 coins/day (equivalent to $1 upon launch) with minimal battery drain, while the X100 can mine a whopping 2000 coins/day ($100 upon launch). How cool is that? And hold onto your hats because BlockDAG Network is rolling out a $2 Million Mega Giveaway! Want a chance to win? Just follow their socials, submit your wallet, complete quests, and bring friends! Winners will be chosen at random but your active participation might increase your chances of winning. Navigating the Crypto Landscape: Pullix Presale, Solana Bull, and BlockDAG’s Ascendancy As the Pullix presale advances to stage 7, scepticism grows around its grand claims, urging caution among investors. Amidst the fervour of the Solana Bull trend, Bluntz’s optimistic projection hints at potential opportunities. Yet, it’s prudent to tread carefully amidst uncertainty. Meanwhile, BlockDAG’s presale success sparks excitement, offering substantial returns and community engagement. In this dynamic landscape, strategic decisions are crucial. Explore Pullix’s potential cautiously, ride the Solana Bull with care, but keep BlockDAG at the forefront. The crypto realm beckons with risks and rewards, inviting astute investors to navigate wisely through its ever-changing currents. Website: https://blockdag.network Presale: https://purchase.blockdag.network Telegram:https://t.me/blockDAGnetwork Discord: https://discord.gg/Q7BxghMVyu *This article was paid for. Cryptonomist did not write the article or test the platform.

1 day ago
Coinpedia
Coinpedia
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The post Shiba Inu (SHIB) and Dogecoin (DOGE) investors are going wild for this coin in 2024; here’s why. appeared first on Coinpedia Fintech News Amidst the constantly changing cryptocurrency investment scene, several currencies have attracted a lot of interest from both experienced and novice investors. Of these, Dogecoin (DOGE) and Shiba Inu (SHIB) have emerged as fan favourites, grabbing the attention of the cryptocurrency community with their meme-inspired beginnings and sharp increases in value. But in the middle of the craze for these meme coins, a new player called Retik Finance has come to light, catching the attention of investors looking for the next big thing. The Rise of Shiba Inu and Dogecoin: From Memes to Mainstream Investments Shiba Inu (SHIB) and Dogecoin (DOGE) have become household names in the world of cryptocurrency, propelled by their playful branding and enthusiastic online communities. Originally conceived as joke currencies, these meme coins have defied expectations, carving out significant market capitalizations and inspiring legions of devoted followers. Both SHIB and DOGE have experienced extraordinary price fluctuations, with their values skyrocketing to unprecedented heights during periods of heightened speculation. Dogecoin, in particular, gained widespread attention after receiving endorsements from high-profile figures such as Elon Musk, whose tweets often caused dramatic swings in the coin’s price. Despite their popularity, however, both SHIB and DOGE have faced criticism for their lack of utility and reliance on hype-driven speculation. Many investors have been drawn to these coins solely for their potential to deliver quick profits, leading to concerns about their long-term viability as investments. Enter Retik Finance (RETIK): The Token Reshaping the Landscape Amidst the chaos of meme coins’ rise and fall, a new player has entered the scene, offering investors a beacon of hope: Retik Finance. Unlike SHIB and DOGE, Retik Finance is not a meme coin but a revolutionary token with a clear vision for the future of decentralised finance (DeFi). Founded on the principles of transparency, security, and accessibility, Retik Finance aims to bridge the gap between traditional finance and the world of cryptocurrencies. The Innovations of Retik Finance (RETIK) Retik Finance (RETIK) introduces a comprehensive ecosystem designed to empower users and businesses worldwide. Through its Retik Wallet, DeFi Debit Cards, and Retik Pay platform, users can seamlessly transact, earn, and spend cryptocurrencies with ease. The $RETIK token serves as the backbone of the ecosystem, promoting financial autonomy, governance, and user engagement. What sets Retik Finance apart is its commitment to innovation and development. Unlike meme coins like SHIB and DOGE, which rely primarily on hype and speculation, Retik Finance is focused on building real-world solutions that add tangible value to users’ lives. With a team of industry veterans and blockchain experts at the helm, Retik Finance is poised to revolutionise the way we think about finance. Why Retik Finance (RETIK) is Worth Investing in 2024 As SHIB and DOGE face uncertainties, Retik Finance emerges as a beacon of stability and innovation in the cryptocurrency market. Here’s why investors are going wild for RETIK: Innovative Solutions: Retik Finance offers a comprehensive suite of DeFi solutions that cater to the evolving needs of users. From decentralised wallets to cross-border payment options, Retik Finance provides a one-stop solution for all financial needs. Transparency and Security: Unlike meme coins that rely on hype and speculation, Retik Finance prioritises transparency and security. Built on blockchain technology, the platform ensures immutability and trustlessness, giving users confidence in their financial transactions. Market Potential: With the global adoption of cryptocurrencies on the rise, Retik Finance stands to benefit from the growing demand for decentralised financial services. As more individuals and institutions embrace digital assets, the market potential for Retik Finance continues to expand. Community Engagement: Retik Finance boasts a vibrant and active community of supporters who are passionate about the platform’s mission. This grassroots movement drives adoption and fosters a sense of belonging among users, strengthening Retik Finance’s position in the market. Conclusion: A New Era of Crypto Investing The resurgence of Shiba Inu and Dogecoin in 2024 is emblematic of the enduring appeal of meme coins in the cryptocurrency market. However, it is Retik Finance that truly represents the future of decentralised finance, offering investors a unique opportunity to participate in a transformative ecosystem that is reshaping the global financial landscape. As we look ahead to the rest of 2024 and beyond, it is clear that Retik Finance will continue to play a pivotal role in driving innovation and growth in the crypto space, making it a compelling investment opportunity for investors seeking exposure to the burgeoning world of decentralised finance. Click Here To Take Part In Retik Finance Presale Visit the links below for more information about Retik Finance (RETIK): Website: https://retik.com Whitepaper: https://retik.com/retik-whitepaper.pdf Linktree: https://linktr.ee/retikfinance

1 day ago
Coinpedia
Coinpedia
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The post What is the Best New Meme Coin to Buy for the 2024 Bull Market? Explore Crypto Analysts’ Top Picks appeared first on Coinpedia Fintech News Though there are many meme coins available, very few offer their owners greater value. Consequently, investors are currently wondering which is the best new meme coin to buy heading into the 2024 bull market. Luckily, we have scanned the market for the best memecoins to buy based on social engagement, features, and future potential. The top meme coins to invest in 2024 include Bonk, Floki, Pepe coin, Dogwifhat, Memecoin, and Meme Moguls. Let us take a look at what they have to offer. Best New Meme Coins for 2024 Bonk (BONK) The first meme coin built on the Solana blockchain, Bonk (BONK) has a distinct tokenomics model and a token burn mechanism. The project was created to increase the liquidity of Solana-based DEXes, adding to its increasing adoption. The goal of this token burn is to decrease the supply of the token, creating scarcity and ultimately raising its price. Bonk is special because of its integration with the Solana blockchain. Bonk benefits from the strong infrastructure of the Solana blockchain and its broad adoption. This gives the meme coin more accessibility and opens up more chances for integration into different platforms and applications. Floki (FLOKI)  Floki (FLOKI) began as a meme coin inspired by Elon Musk’s dog but has since transformed into a comprehensive Web3 initiative, covering NFTs, DeFi, and the Metaverse. Dubbed “The People’s Crypto,” the Floki project team has elevated a previously novelty meme coin to a more significant and functional status. The project’s native token, FLOKI, is one of the most versatile memecoins, functioning across multiple blockchain networks. It is compatible with both Ethereum and Binance Smart Chain (BSC). Meanwhile, the Floki ecosystem is working on an array of products like FlokiPlaces marketplace, FlokiFi, and Valhalla, which could potentially add value to the memecoin in 2024. Pepe Coin (PEPE) Pepe Coin (PEPE) quickly became a top favorite in the meme coin category after its debut in April 2023. The Ethereum-based token soared to a market cap of over $1 billion in just three weeks. It took Dogecoin about four years to achieve this feat, making Pepe coins one of the top meme coins to watch. With a total supply capped at 420,690,000,000 tokens, Pepe Coin introduces a deflationary model where a fraction of tokens is burned with every transaction.  This strategy aims to reduce the overall supply, creating scarcity and potentially boosting the token’s value as time progresses. Dogwifhat (WIF) Dogwifhat (WIF), a notable meme coin that launched on the Solana blockchain, made its entrance into the market in mid-December 2023. It quickly gained popularity, characterized by its symbol of a Shiba Inu wearing a hat. Dogwifhat (WIF) rode on the success of its older meme coin, Bonk to become Solana’s second-largest meme token with a market cap of over $400 million. Interestingly, Binance and BitMEX have shown support for the meme coin by launching perpetual contracts, WIF/USDT.  Meanwhile, Dogwifhat has focused on gaming and DeFi, which could open up promising paths for expansion in 2024. Additionally, its emphasis on a community-driven model encourages active participation and involvement. Memecoin (MEME) Memecoin (MEME) positions itself as the native token within the Memeland ecosystem, a Web3 initiative, and a widely embraced meme platform. The introduction of Memecoin and its subsequent listing on Binance, the biggest centralized exchange, generated significant buzz. Riding the wave of Memeland’s popularity, Memecoin stands out from other meme coins. Experts have predicted that Memecoin to reach a new all-time high (ATH) in 2024. Moreover, at the beginning of 2024, Binance Labs made a significant investment into Meme Coin to support Memecoin’s native ecosystem token and foster the development of Memeland. Meme Moguls (MGLS)  Meme Moguls (MGLS), one of the top meme coins to watch, is developing a play-to-earn (P2E) game that teaches you all you need to know about investing and wealth creation. When you play Meme Moguls’ stock market games, you will move up the Wealth Leaderboard.  When you get to the top 20, you will get a reward pool based on how much Meme Moguls makes every day. While this game is the main draw, Meme Moguls’ ecosystem will also incorporate staking and a virtual location called Moguls World. Meanwhile, The $MGLS coin serves a variety of purposes inside the Meme Moguls ecosystem. $MGLS token holders can govern Meme Moguls. Protocol upgrades, pricing agreements, and community projects can all be voted on.  There are benefits to holding $MGLS tokens. In-game assets, $MGLS tokens, and other Meme Moguls benefits may be among the incentives offered. Special Meme coins With Utility and Use Cases These are meme coins changing the narrative of being tokens lacking any real utility. Bonk: Bonk is used to tip and reward content creators online and to increase liquidity across Solana-based DEXs. Floki: The team wants to integrate Floki tokens for usage on its NFT marketplace, educational platform, and metaverse platform. Meme Moguls: Offers more utility than other meme coins. MGLS grants users access to the P2E game, the virtual investment platform, and a rewards token. It also gives holders governance rights, which allows them to decide on the future of the project.  Conclusion  The meme coin space is expanding, and many investors continue to benefit from their meteoric price movement. Investors who are looking to join the meme coin community can go for the meme coins listed above. They are the top meme coins to invest in in 2024 for maximum gains, given their utility and future prospects. Visit Meme Moguls

2 days ago
COINCU
COINCU
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Key Points: 3AC liquidator address owns 75M WLD, estimated at US$550M. Tokens received from Worldcoin in August 2023, with no activity since. Parallels drawn to bankrupt Alameda, sparking intrigue in crypto circles. In a revealing update from 0xScope, it has been disclosed that the 3AC liquidator address (0xC7...3741) holds a substantial 75 million WLD, standing as the highest net-worth asset in the Teneo portfolio. The total valuation of this cryptocurrency holding is estimated at an impressive US$550 million, marking a significant presence in the digital asset landscape. This revelation draws parallels to the situation with the bankrupt Alameda, as both entities received these tokens from Worldcoin in August 2023. However, what distinguishes this particular asset is the apparent lack of activity since its acquisition. The 3AC liquidator address has displayed a remarkable degree of dormancy in terms of engagement or transactions involving the held WLD tokens. 3AC liquidator address holds 75M WLD, valued at US$550M The 0xScope report sheds light on the intricate dynamics within the cryptocurrency space, where assets acquired from projects like Worldcoin become crucial components of diverse portfolios. The substantial value of 75 million WLD underscores the potential impact that such holdings can have on the financial landscape, even in the absence of active management or interaction. The comparison to Alameda, a company that faced bankruptcy, adds a layer of complexity to the narrative. It raises questions about the fate of digital assets in the aftermath of significant events within the cryptocurrency industry. The disclosed information invites speculation about the strategic considerations behind holding these assets, particularly in a scenario where there has been no discernible activity since the initial acquisition. Tokens received from Worldcoin in August 2023, with no activity since As the cryptocurrency community delves into the implications of such revelations, the 3AC liquidator's substantial WLD holding serves as a focal point for discussions surrounding asset management, strategic planning, and the evolving nature of the digital asset landscape. The 0xScope report adds another layer of intrigue to the broader narrative of cryptocurrency holdings and their significance within the industry. DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

2 days ago

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