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CoinDesk
Trump: Bitcoin Has Taken on 'a Life of its Own,' Will Probably Need Some Regulation
2 days ago
链科天下
链科天下
followers

"The country has issued a digital currency. One person can only buy one order, each order is 1,000 yuan, and he can earn back 50,000 yuan guaranteed by the end of the year." Such a clumsy scam has fooled more than 10,000 victims in 6 years. . In the second half of 2023, the public security organs of Zhangzhou City, Fujian Province successfully eliminated this fraud criminal gang and found that the amount involved amounted to 200 million yuan. Under the guise of "cooperating with the country to win the economic defense war" and "supporting the central bank's digital currency", the criminal gang concocted false investment projects in order to obtain high returns as bait to commit fraud. The police found that more than 10,000 people were involved in the case, most of whom were middle-aged and elderly people over 50 years old, and many of them had poor family conditions. Recently, the procuratorate has successively initiated public prosecutions against 12 main suspects in the case. In January 2024, after careful investigation, Fengtai police uncovered a case in which an online blockchain game was used as bait to trick people into investing in "virtual coins" and defrauded five people of more than 6 million yuan. After investigation, the criminal suspect Liu, together with others, encouraged investors to purchase virtual currencies on specific digital accounts, claiming that these virtual currencies could be exchanged for the general currency in the game at the same price, and used the value-added effect of NFT digital assets to attract investors. Investors are promised expected returns of more than three times the original value. Through the above words, Liu tricked five investors into remitting money to his designated digital account. Later, the whereabouts of Liu and others were unknown, and the deceived people called the police one after another. At present, Liu has been captured by the Economic Crime Investigation Brigade of Fengtai Branch. It can be seen from this that under the guise of virtual currency, etc.

3 days ago
Coinpedia
Coinpedia
followers

The post Top 5 Meme Coins To Buy In 2024  appeared first on Coinpedia Fintech News In a digital era where cryptocurrency is not just an asset but a cultural phenomenon, meme coins have carved out their own niche, charming investors with their blend of humour and potential for high returns. As we venture into 2024, the spotlight shines on Floki Inu, Dogecoin, Pepe Coin, Shiba Inu, and the new crypto presale Doge Uprising. This comparative analysis dives deep into the essence, uniqueness, and investment allure of these currencies, guiding readers towards what could be the next big crypto investment. Use bonus code NEWSTAGE to get 15% extra $DUP tokens Floki Inu: Elon Musk’s Pet Dog Inspired by Elon Musk’s pet Shiba Inu named Floki, Floki Inu embodies the spirit of adventure and exploration, much like the Vikings of old. Floki Inu aims to not just be a meme coin but a movement, with various projects under its belt including NFTs, educational platforms, and charitable endeavors. Leveraging community support and strategic partnerships, Floki Inu has managed to stay relevant amidst the volatile crypto market. Since its inception in 2021, Floki Inu has seen remarkable growth, thanks to its engaging community and timely innovations. Dogecoin: The People’s Crypto  Dogecoin, the pioneer of meme coins, started as a joke but quickly gained a massive following due to its lighthearted appeal and the backing of high-profile individuals like Elon Musk. Despite its whimsical origins, Dogecoin has demonstrated real-world utility by facilitating fast and low-cost transactions. Launched in 2013, Dogecoin’s longevity and community support have cemented its place in the crypto world. Pepe Coin: The Internet’s Favorite Meme Pepe Coin draws its inspiration from the Pepe the Frog internet meme, embodying the irreverent and unpredictable nature of internet culture. It represents not just a cryptocurrency but a digital movement, with its value closely tied to its social media presence and community engagement. Through active online communities and meme-driven marketing, Pepe Coin has carved a niche for itself. Emerging in the mid-2010s, Pepe Coin continues to thrive on its cult status and community-driven projects. Shiba Inu: The Challenger Shiba Inu was created as a direct competitor to Dogecoin, aiming to surpass it in both value and community engagement. It has built a robust ecosystem including a decentralized exchange, NFTs, and a dedicated metaverse. Focused on decentralized finance (DeFi) solutions, Shiba Inu leverages its community, known as the “ShibArmy,” for growth and development. Since its launch in 2020, Shiba Inu has experienced explosive growth, challenging Dogecoin’s dominance. Doge Uprising: The Uprising Begins Doge Uprising stands out with its unique premise, combining meme coin appeal with a gripping narrative set in 2045, where Mecha pilots fight against an oppressive regime. Powered by the $DUP token, it offers an immersive universe of Doge Mecha NFTs, fostering a community of resistance and engagement. Through ERC-20 blockchain technology, regular AMAs, airdrops, and a strong emphasis on community, Doge Uprising aims to create more than a currency. With a solid roadmap and visionary goals, Doge Uprising’s presale presents an unmatched opportunity for early investors to be part of something groundbreaking. As we dissect the essence and aspirations of these top meme coins, it becomes evident that while each has its charm, Doge Uprising distinguishes itself with its revolutionary narrative, community-centric approach and presale opportunity. In a market saturated with fleeting trends, Doge Uprising’s blend of technology, storytelling, and user engagement presents a compelling case for investors. With its presale now open, the time is ripe to explore this unique opportunity.  Visit Doge Uprising’s website today to learn more and consider their presale. Act quick and use the limited time bonus code NEWSTAGE to receive an extra 15% in tokens! For more information on Doge Uprising ($DUP): Visit The Website Join The Telegram Follow On Twitter Join The Discord Community

3 days ago
Bitcoinworld
Bitcoinworld
followers

The global crypto sector’s market capitalization is currently at $2 trillion and the industry is projected to grow by around 8% over the next five years. The impressive set of figures underlines the fast pace at which crypto assets are now entering mainstream finance.  Developments like the launch of crypto ETFs in the US have helped democratize access to these blockchain-driven assets. However, a large part of the world is still shying away from exploring cryptocurrencies due to a myth – cryptocurrencies are expensive.  A simple web search can bust this myth and provide multiple budget-friendly options. These options include coins like InQubeta (QUBE), Dogecoin (DOGE), Shiba Inu (SHIB), Tron (TRX), and Stellar (XLM). These are some of the best altcoins that you will find in the market today and can even offer the benefits of diversification. To know more about why these tokens are so highly recommended, here’s a description of the key features of these interesting ecosystems.   1. InQubeta: Strengthening the network of AI startups InQubeta is an Ethereum-based platform where startups can find resources for business growth and scale their AI projects. These resources can help them find funding opportunities, seek guidance from experienced professionals, and create the right buzz for their brand. By leveraging InQubeta, startups can work on new AI-led projects without being concerned about how they can fund them. To avail of any feature of the platform or make a transaction, buyers will need to use its native cryptocurrency known as the QUBE token.  The QUBE token’s supply has a cap of 1.5 billion and around 65% of it is meant for sale. It was launched in 2023 and was among the top ICOs of the year. Its ICO has so far raised over $9.7 million.  The token is not only a model of payment but also a tool of empowerment for both crypto users and startups. The token can be staked to earn passive income. By staking their assets, token holders contribute to the blockchain’s growth.  In exchange, they receive passive income for as long as their token remains locked in InQubeta’s liquidity pool. The staking rewards are paid from a separate pool that’s financed by tax collections. QUBE is used for investing in startup projects through InQubeta’s NFT marketplace. The NFTs traded at the portal are created from the offers submitted by startups in need of funds.  These offers will have all information about the project and how it will benefit the investor.   NFT buyers can choose to purchase either the whole asset or a fraction of it.  The token is built on a deflationary model which means its returns do not plummet when the market is in red. A deflationary asset’s supply is regulated according to market conditions to minimize price fluctuations and keep its value stable. If there is an uptick in inflation, the supply is reduced and crypto users will find it difficult to buy the QUBE token. The scarcity also boosts its price, even if the returns on other assets are dipping. Any increase in the supply in such times is countered by burning unwanted tokens. InQubeta finished 2023 on a high note, thanks to its stellar cryptocurrency ICO. After ensuring a dream start for the project, the team is now busy planning for the future. In its roadmap, the team has outlined several new initiatives that will ramp up the platform’s reach.  These projects include a new staking dApp to make staking services more accessible. Another initiative on the cards is getting the QUBE token listed on centralized exchanges. Join InQubeta Presale   2. 400 million Dogecoin tokens moved to Robinhood Dogecoin is a meme coin inspired by dogs. Its native token is DOGE and the network is secured with the proof-of-work consensus protocol. The token is simple to use and is likely to end your worries about which crypto to buy today for the long term.  The peer-to-peer platform has an open-source code and its network is maintained by a network of nodes.  The meme coin recently hit the headlines after a whale transferred around 1 billion DOGE tokens to multiple platforms including brokerage firm Robinhood. According to data collected by WhaleAlert on February 15, 2024, an anonymous crypto trader moved 1,081,987,848 tokens to different addresses in around six transactions. Of the lot, 400 million DOGE tokens – worth around $34,000,000 – were sent to Robinhood.    3. Shiba Inu’s lead developer outlines major upgrades Shiba Inu is an animal-themed cryptocurrency that cashes in on the popularity of the Japanese dog breed Shiba Inu. For all transactional purposes, the team has created the SHIB token but for governance, the BONE token is used. A third token, LEASH, has also been created to reward long-time supporters of Shiba Inu.  One of the most popular offerings by the Shiba Inu team is an NFT series ‘Shibosis’. The series comprises 10,000 NFTs inspired by dogs and each one has distinct characteristics. These creatures will be playing a pivotal role in Shiba Inu’s upcoming ‘Shiboshi Game’. The team has been in the news because of its Ethereum-based Layer 2 blockchain ‘Shibarium’. The platform uses the BONE token for all kinds of payments which are confirmed with the proof-of-stake consensus algorithm. Shiba Inu has made it to 2024’s list of best altcoins with a vibrant ecosystem. It’s no longer just a meme coin but a rapidly expanding network of DeFi products.  Its team of developers is also coming up with new upgrades that can make Shiba Inu more accessible. The platform’s lead developer Shytoshi Kusama recently unveiled some key upgrades that will be implemented on multiple projects. Announcing the upgrades in Shib Magazine’s latest edition, Kusama delved into progress made after the meme coin collaborated with D3 Global to roll out the Shib Name Service.    4. Tron founder unveils roadmap for Bitcoin-based Layer 2 solution Tron has been designed to facilitate the decentralization of the Internet with blockchain-based solutions. The Tron ecosystem has multiple offerings which include a Web 3.0 wallet, a crypto exchange, and a blockchain explorer, among others.  Its native token TRX is used for availing these services or settling payments on the platform. All TRX transactions are authenticated with the proof-of-stake consensus protocol. Its code architecture has three levels – storage, core, and application layers. The three-layer architecture enables developers to create diverse and customized dApps. Tron has been able to outperform several new altcoins by incentivizing user participation through its super representatives (SRs) program. All TRX holders are eligible to become SRs and their partners. These token owners produce blocks and bundle transactions together. In exchange, they get voting rights and block rewards. Using their voting rewards, SRs can initiate proposals for protocol changes. A reason why Tron is considered to be a leading blockchain network is that it’s always evolving with the times. In a recent development, Tron founder Justin Sun posted a roadmap for building a Bitcoin Layer-2 solution.  The announcement comes at a time when Bitcoin ETFs are a rage. These financial products were rolled out in the US in January. Despite concerns about the legal aspects of BTC ETFs delaying their launch, these funds opened to record investor flows. In his post on X, Sun shared that he aims to promote decentralization and integration of different tokens within the Tron and Bitcoin ecosystems. The project would boost Tron’s interoperability and tap into the Bitcoin-based stablecoin sector which includes names like Bitcoin ordinals.   5. Yellow Card to introduce USDC on Stellar  Widely regarded as one of the top cryptos to invest in this year, Stellar is a public blockchain where developers can find tools to create solutions for the real world. The dApps and DeFi solutions powered by Stellar serve the purpose of cash in a digital-first world.  It has an edge over other blockchain systems in terms of speed, cost-effectiveness, and energy efficiency. Using its tooling, in-depth documentation, and community support, developers can deploy powerful dApps. Its native token is XLM and it’s the official medium of exchange within the Stellar ecosystem. It’s a good crypto to buy as developers can use it to create solutions for different user groups. The blockchain can power online payments that are secure, cheap, and can be finalized instantly.  It also has a network of global anchors which facilitates seamless exchange between crypto assets and fiat currencies. The anchor network comprises over 180 nations which can be leveraged for exchanging more than 20 assets. The network can be used for international payments and on and off-ramps. Developers and businesses can explore Stellar’s tokenization services. It can be used for creating and managing digital assets like stablecoins. Stellar has been able to drive global impact through its series of partnerships and initiatives. Recently, Yellow Card announced that it will introduce USDC on the Stellar blockchain. The move would boost the popularity of USDC, a stablecoin pegged to the US Dollar. Yellow Card is the biggest licensed stablecoin on/off ramp in Africa. The integration can pave the way for faster and easier transactions with cryptocurrencies. Experts claim that the availability of USDC on the Stellar network can drive crypto adoption in the African region. Issued by Circle, every USDC token is backed by a dollar which is maintained in reserves by regulated financial institutions.    Conclusion These five budget-friendly cryptocurrencies have busted the myth that one needs a big bank balance to explore cryptocurrencies. These tokens are among the top crypto coins that buyers can find in today’s market and have user-friendly interfaces that draw people from different backgrounds.  Tron and Stellar are considered developer-friendly tokens, but meme coins like Shiba Inu and Dogecoin reflect the innovative and quirky side of the crypto market. InQubeta is powering the future of AI innovation and has been included in analyst-recommended presales. These five cryptos can be added to build a well-balanced portfolio for the long term.  While the crypto market is an attractive space, users should always research a token before making a purchase. Due diligence can help them understand potential risks and make well-informed decisions. Visit InQubeta Presale  The post 5 Budget-Friendly Cryptos appeared first on BitcoinWorld.

3 days ago
koinmilyoner
koinmilyoner
followers

Top Al Coins for a Bountiful 2024 What are AICoins? AI coins use artificial intelligence technology on their platforms. These currencies use AI to improve blockchain data analysis. The Graph (GRT) The Graph (GRT) is crypto's “Google of blockchains”. All about indexing and querying data. The good protocol employs AI to organize blockchain data into subgraphs for easier access. The Graph is well-known with a market rank of 41 and a valuation of $2.54 billion. Injective (INJ) Injective (INJ) is about DeFi and exchange. This sophisticated layer one blockchain is for finance-focused decentralized applications. Injective offers great features including token swaps, margin trading, and currency futures trading. Injective, ranked 34 and worth $3.14 billion, has created ripples in DeFi. Oasis Network (ROSE) Oasis Network (ROSE) promotes open finance and data privacy. They want to create decentralized open banking applications that prioritize data privacy and control. Even AI industry heavyweights work with these individuals to build ethical AI. With an 95 market rank and $785.58 million market value, Oasis Network is notable. Render (RNDR) RNDR uses distributed GPU rendering and AI computing. Miners' GPUs are used to render digital material, including AI projects. Their network was improved to enable AI and machine learning. Decentralised rendering pioneer Render has a market rank of 40 and a market worth of $2.67 billion. Fetch.ai (FET) Fetch.ai (FET) develops AI agents for DeFi, transportation, and energy management using AI and machine learning. They're AI's cool kids. From its market rank of 83 and market worth of $900.11 million, Fetch.ai aims to develop an open platform for the future AI economy. SingularityNET (AGIX) The AI neighborhood cool kid is SingularityNET (AGIX). They want to create a decentralized AI network where agents may exchange talents. AI mind marketplace! SingularityNET is creating waves in the AI world with a market rank of 84 and a $886.11 million market value. #RNDR #FET #ai #Write2Earn #TrendingTopic

4 days ago
CaptainAltcoin
CaptainAltcoin
followers

Today’s thread on X by popular Ripple analyst EDO FARINA sheds new light on a decades old prediction about the future of global currencies. In a Twitter thread, Farina draws attention to the January 1988 cover of The Economist magazine, highlighting key passages that appear remarkably prescient of the role that Ripple and its native digital asset XRP may play. Farina quotes the magazine stating that “The phoenix will be favoured by companies and shoppers because it will be more convenient than today’s national currencies, which by then will seem a quaint cause of much disruption to economic life in the last twentieth century.” This new “World Currency” was dubbed the Phoenix, depicting how it will rise from the ashes of burned banknotes. According to the publication, it will be favored for its ease of use and stabilized value worldwide. As Farina notes, “We all see how damaged economies damage lives! We finally have the ‘Phoenix Standard’.” But the magazine acknowledged that governments would be hesitant to relinquish economic sovereignty. However, it predicted that catastrophic events like pandemics that severely impacted economies may ultimately force their hand. As quoted by Farina, the magazine stated “Until governments surrender some economic sovereignty, further attempts to peg currencies will flounder.” Another prescient insight was that “The flows of money have replaced trade in goods as the force that drives exchange rates.” Volatile exchange rates could really damage national economies. The solution, as the magazine presented, would be greater coordination of economic policies between countries. But any standard adopted would need to enable extremely fast and low cost transactions, a description that closely aligns with XRP’s capabilities. 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 – Farina draws attention to how the magazine acknowledged that a “Phoenix zone would impose tight constraints on national governments. There would be no such thing, for instance, as a national monetary policy.” Control would shift to a new centralized banking authority, potentially descended from the IMF. National governments could still influence domestic inflation, but their powers would be curtailed. In a truly stunning prediction, the article envisioned remote work becoming commonplace, stating “Indian computer operators will be processing New Yorkers’ paychecks.” This echoed the massive work from home shift sparked by the Covid pandemic decades later. Farina makes a compelling case that very few if any other cryptocurrency matches this vision apart from XRP. As a digital asset controlled by Ripple and optimized for cross-border payments, it exhibits the characteristics the magazine laid out presciently in 1988 for a future “World Currency.” The Rothschild owned Economist may have inadvertently predicted XRP’s role over 30 years before its creation. EDO FARINA’s thread raises fascinating questions about whether decades old forecasts could be coming to fruition through Ripple’s work with XRP. 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 Researcher Links The Economist’s 1988 Prediction of a Coming ‘World Currency’ With the Modern Capabilities of XRP appeared first on CaptainAltcoin.

4 days ago
Bitcoinleef
Bitcoinleef
followers

Former BitMEX CEO Arthur Hayes, in a recent interview with Coin Bureau, referred to Cardano as the “first aspiring Ethereum.”Moreover, he cast doubt on Cardano’s very relevance in the realm of digital currencies, stating that it “could be the first to become irrelevant.”Hayes kept up his critical analysis of the altcoin market as a whole, advising investors not to fall for projects that primarily serve to attract attention rather than provide real value.He emphasized the critical nature of differentiating authentic technological progress from smart marketing.Hayes warns investors navigating the altcoin landscape against submitting to an increase in projects that proclaim revolutionary advancements without substantial engineering or cryptographic accomplishments.“One should exercise a little caution when they become aware of excessive marketing targeting,” he suggested.The author utilized EOS as an illustration of how marketing can overshadow substance in the cryptocurrency industry, using well-known figures for global promotions.Hayes elaborated on the progression of investment products within the cryptocurrency sector, highlighting significant changes as well as variations in regulatory oversight and market reception throughout the years, with regard to Bitcoin ETFs.Simultaneously, he expressed disapproval of the recent authorization of Bitcoin ETFs, viewing it not as an advancement for financial liberty but rather as a means for conventional financial institutions to capitalize on the excitement surrounding cryptocurrencies. He stated, “BlackRock, Fidelity, and all the other significant asset managers earn fees from this trading product.”

4 days ago
Crypto
Cryptonex(CNX)

$29.59

1.19%

Market Cap
N/A
 

Volume (24h)
6.97m
 

331.77%

Released on 07 Oct 2017
Hamza Traders
Hamza Traders
followers

Earn 1 Doller Binance is one of the largest and most popular cryptocurrency exchanges in the world, where you can buy, sell, trade, and store various digital assets¹. Binance also offers many features and services, such as Binance Pay, Binance Academy, Binance NFT, Binance Earn, and more². Cryptocurrency investing is a form of online trading that involves buying and selling digital currencies, such as Bitcoin, Ethereum, Binance Coin, and others. Cryptocurrencies are powered by blockchain technology, which is a decentralized and distributed ledger that records transactions and ensures security, transparency, and immutability³. However, cryptocurrency investing is not without risks and challenges. The market is highly volatile, meaning that prices can change rapidly and unpredictably. There are also many factors that can affect the performance of cryptocurrencies, such as regulations, hacks, scams, competition, innovation, and demand and supply⁴. Therefore, you should always do your own research, be careful with your money, and never invest more than you can afford to lose. I hope this information was helpful to you. #Write2Earn

5 days ago
Cryptopolitan
Cryptopolitan
followers

Solana experiences a price dip, causing frustration among its investors. NuggetRush’s presale secured over $2.3 million, fueled by its unique blend of GameFi and adventure. NuggetRush, Cosmos, and Sui are top performers with significant growth potential.  The 2024 crypto market has not been favorable to Solana (SOL), as it faces a decline of 9%, reaching a $91.40 low. As the situation raised concerns among investors, industry analysts have selected three digital currencies as excellent solutions. These altcoins—NuggetRush (NUGX), Cosmos (ATOM), and Sui (SUI)—are praised for their unique tokenomics and impressive growth.  NuggetRush, in particular, has transformed the meme coin space by introducing a community-owned game. This top DeFi coin rewards investors through RUSHGEMS, a staking mechanism, and character non-fungible tokens (NFTs). By raising over $2.3 million in the ongoing presale, NUGX has exceeded investors’ expectations, ranking it among the top altcoins for substantial gains in 2024. This article explores the features of NuggetRush, Cosmos, and Sui as standout options amid the Solana price drop.  >> Buy NuggetRush Now <<   NuggetRush (NUGX): Redefining Meme Coins with Explosive Growth and Unwavering Security As Solana suffers a downturn, investors globally have shifted their focus to NuggetRush, enticed by its engaging play-to-earn game and presale advantages. Its crypto ICO follows a staged approach; the value at the fifth stage is $0.018. Below 13% of the tokens allocated for this level remain, demonstrating a high adoption rate. With over 186 million tokens sold during this period, NUGX emerged among the best altcoins in 2024.  NUGX is predicted to soar to $0.020 upon its official launch, marking a 100% price rise from stage one. This top DeFi coin aims to increase its value to a $100 million market capitalization. It achieves this aim by incorporating gold mining, cryptocurrency, and traditional mining into a P2E game. This altcoin’s gameFi structure makes it highly lucrative since it allows virtual assets to be exchanged for tangible rewards like gold and cash.  The growth observed in NUGX can be attributed to its transparent and safe nature. Because the project is built on the Ethereum blockchain, most users can access the ecosystem and play the game. These distinctive features and rapid advancement indicate that NuggetRush may soon surpass Solana. >> Buy NuggetRush Now <<   Solana (SOL): Facing Challenges Amidst Network Stability Concerns  The Solana platform has had a 9% price decline lately, which has created displeasure among holders. This condition can be attributed to a lack of confidence in the stability of the network. According to information from CoinDesk, SOL‘s blockchain experienced a five-hour outage, which caused its value to decrease from $96.00 to less than $94.00 in a matter of hours.  The market capitalization of Solana also decreased to $50,162,435,269. The general attitude toward its tokens appeared cautious, even though trading volume increased by 1.77%. Due to this unfortunate circumstance, many SOL users search the market for viable alternatives. Cosmos (ATOM): Empowering Decentralized Networks with Robust Governance Cosmos is a decentralized network that seeks to address the problems with interoperability and scalability that many blockchain networks encounter. This altcoin attracts attention because of its low transaction fees and fast speed. ATOM holders can vote on the platforms’ growth because of the firm governance structure. In a short while, Cosmos increased 3.3% to $9.49 amid market volatility. The current value of $9.24 has risen by 2.0% from the previous week’s consistent upward trend. All predictions support this development, presenting ATOM as a promising altcoin amid the Solana downturn.  Sui (SUI): Accelerating Blockchain Data Transfers for High-Performance Applications Sui is a layer-1 blockchain created to make data transfers within the blockchain network quick and safe. High-speed transaction throughput and instantaneous transaction finality are given priority. Because of this feature, SUI works effectively in applications involving gaming and money transfers.  The price of Sui increased to $1.81, giving its investors a weekly gain of over 20% as Solana’s momentum decelerates. Since the start of the year, its total value locked (TVL) has also significantly increased. This increase was caused by using SUI as a bridge in the approximately $500 million transfer from Ethereum to Wormhole.  Conclusion  As Solana’s growth slows, NuggetRush, Cosmos, and Sui have emerged as top substitutes. By participating in these top 3 alternatives, investors can see a spike in their portfolios in 2024. NUGX distinguishes itself with an impressive crypto ICO and a profitable community. You can join the rush by purchasing NUGX tokens for breakout growth and increasing your gains.  Visit NuggetRush Presale Website

4 days ago
Coinpedia
Coinpedia
followers

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.

4 days ago
CoinQuest
CoinQuest
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Jupiter (JUP) Expected to Surge Amid Anticipated Updates 📈 Investors are eagerly eyeing the potential rise of Jupiter (JUP) currency, prompted by imminent updates scheduled for announcement between February 19 - 23. As hinted by the currency's Twitter post, significant developments are anticipated, driving anticipation and market interest.) With Jupiter currently trading at 0.525, investors are considering entering the market ahead of the expected surge, slated for Friday. To stay updated, users are encouraged to activate notifications on the currency's Twitter handle and monitor its performance on CoinMarketCap for real-time insights into upcoming news and updates. However, it's crucial to acknowledge the inherent risks associated with high-volatility digital currencies like Jupiter. Potential investors are reminded that entry into such markets carries considerable risk and should be approached with caution. Key Points: - Anticipated updates from the Jupiter team between February 19 - 23 have spurred market interest. - Current trading price stands at 0.525, with expectations of a surge upon announcement. - Stay informed by activating notifications on Jupiter's Twitter handle and monitoring its performance on CoinMarketCap. - Exercise caution when investing in high-risk digital currencies like Jupiter, as they exhibit high volatility. $JUP #Write2Earn #TrendingTopic #AmanSaiCommUNITY

6 days ago
Crypto Insight
Crypto Insight
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Title: Bitcoin Dips Below $52k Despite Inflows to Spot Bitcoin ETFs In a concerning turn of events for the blockchain industry, Bitcoin (BTC) has dipped below the $52,000 level, reflecting a pessimistic market sentiment. This decline comes despite spot Bitcoin Exchange-Traded Funds (ETFs) attracting a new weekly inflow of $2.4 billion. The global regulatory landscape for blockchain and cryptocurrency remains uncertain, with various jurisdictions imposing stricter measures. This has led to increased volatility in the market, causing investors to be cautious with their decisions. The industry's growth is further hindered by the lack of clarity surrounding the future of cryptocurrency exchanges. As a result, the market's overall trajectory remains uncertain, casting a shadow over the potential of blockchain technology and digital currencies. In conclusion, the current market conditions for blockchain and cryptocurrency are far from ideal. The dip in Bitcoin's value, despite the inflows to spot Bitcoin ETFs, highlights the need for a more stable regulatory environment and increased transparency in the industry. Until these issues are addressed, the future of the blockchain market remains uncertain.

6 days 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

5 days 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.

5 days ago
Cryptopolitan
Cryptopolitan
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In a recent statement, Ripple’s Chief Technology Officer, David Schwartz, explained the potential burning of over 40.7 billion XRP currently held in escrow accounts. This move comes as a response to the growing inquiries and concerns from the XRP community regarding the management and influence of Ripple over the cryptocurrency’s market dynamics. Schwartz’s clarification sheds light on the technical possibilities for reducing the circulating supply of XRP, aiming to address the discontent among cryptocurrency enthusiasts. Understanding the “blackholing” process Schwartz introduced the concept of “blackholing” escrow accounts as a viable method for effectively removing a significant portion of XRP from potential circulation. This process involves making the escrow accounts inaccessible, thereby preventing the release of XRP into the market. The CTO’s explanation comes at a crucial time when the XRP community has been vocal about their concerns over Ripple’s periodic release of XRP from these escrows, which occurs on the first day of each month as part of the company’s market management strategy. The mechanism of “blackholing” does not require the physical destruction of XRP tokens but rather restricts access to them, ensuring that they cannot be used or transacted with. This approach highlights Ripple’s unilateral capability to influence the supply of XRP without directly engaging in the burning of tokens. David Schwartz’s insights into this process aim to quell the unease within the community, emphasizing the company’s commitment to maintaining a balanced and stable market for XRP. David Schwartz responds to XRP market fears The discourse around the potential burning of XRP escrows has intensified amid broader controversies in the cryptocurrency market, including allegations of price manipulation by other entities through programmatic sales. Such developments have heightened the XRP community’s sensitivity to Ripple’s handling of the escrow accounts, with fears that these actions could adversely affect the cryptocurrency’s value and market position. Ripple’s strategy for managing the release of XRP from escrow accounts has been a point of contention, with some community members arguing that it contributes to market saturation and potential devaluation of the cryptocurrency. However, David Schwartz’s recent statements aim to clarify the company’s intentions and operational mechanisms, providing a transparent view of Ripple’s efforts to stabilize and support the XRP market. By addressing these concerns directly, Ripple seeks to reinforce its commitment to the XRPL ecosystem’s health and the interests of XRP holders. David Schwartz’s explanation regarding the potential for “blackholing” XRP escrow accounts marks a significant moment in Ripple’s ongoing dialogue with its community. By addressing the technical aspects and intentions behind Ripple’s escrow management, Schwartz aims to alleviate concerns and foster a deeper understanding among XRP enthusiasts. As the cryptocurrency market continues to evolve, Ripple’s proactive communication and management strategies will remain crucial in navigating the complex landscape of digital currencies.

5 days ago

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