LIVE
Coinpedia
@coinpedianews
Coinpedia is a trusted cryptocurrency, event, and information service agency for blockchain technology and overall digital assets.
Follower
Follower
Like gegeben
Geteilt
Toncoin Gearing Up for Potential Breakout Aim for $11, but There Is Catch
The post Toncoin Gearing Up for Potential Breakout Aim For $11, But There is Catch appeared first on Coinpedia Fintech News
Toncoin (TON), the native cryptocurrency of The Open Network, has hit a new all-time high of $7.64, an increase of 8.28%. Its market capitalization now stands at $18.5 billion, with a circulating supply of 5 billion TON, making it the ninth-largest cryptocurrency.
Meanwhile, renowned chart analyst Ali Martinez highlighted that Toncoin is poised for a significant breakout. With expectations of a potential 40% surge, Toncoin enthusiasts are eagerly awaiting its movement toward the $11 mark.
Toncoin To Break Out 40%
In a recent tweet post, Ali Martinez recently took to social media to share his insights on Toncoin’s market trajectory. According to Martinez, Toncoin is gearing up for a robust breakout that could propel its value to $11.
#Toncoin is gearing up for a potential 40% breakout, aiming for $11! However, the TD Sequential indicator suggests $TON might briefly dip to $7.2 to gather liquidity before the upswing. pic.twitter.com/jMoZ1ugEga
— Ali (@ali_charts) June 13, 2024
A technical analysis of Toncoin’s chart shows a golden cross formation, where the 50-day moving average crosses above the 200-day moving average. This signals a potential long-term bullish trend, boosting market sentiment for the altcoin.
Looking at the Relative strength index (RSI) Toncoin stands at 62, signaling bullish momentum as it hasn’t reached the overbought zone. Additionally, social metrics like volume and dominance have turned bullish in the past five days, suggesting a potential market upturn.
However, Martinez’s analysis also includes a cautionary note, pointing to the TD Sequential indicator suggesting that Toncoin might experience a short-term dip to around $7.2. This potential decline is expected to gather liquidity, setting the stage for the anticipated upswing and a climb towards the $11 target.
DeFi Interest Surged
The Toncoin blockchain network is experiencing significant growth, drawing DeFi developers and locking nearly $1 billion in total value. Active Toncoin wallets have surged from 1.28 million to over 8 million, indicating increasing adoption and user engagement.
As of now, Toncoin is trading at $7.52, reflecting a 4.7% increase in the last 24 hours. Trading volume has surged by 92%, reaching $520 million.
Toncoin (TON), the native cryptocurrency of The Open Network, has hit a new all-time high of $7.64, an increase of 8.28%. Its market capitalization now stands at $18.5 billion, with a circulating supply of 5 billion TON, making it the ninth-largest cryptocurrency.
Meanwhile, renowned chart analyst Ali Martinez highlighted that Toncoin is poised for a significant breakout. With expectations of a potential 40% surge, Toncoin enthusiasts are eagerly awaiting its movement toward the $11 mark.
Toncoin To Break Out 40%
In a recent tweet post, Ali Martinez recently took to social media to share his insights on Toncoin’s market trajectory. According to Martinez, Toncoin is gearing up for a robust breakout that could propel its value to $11.
#Toncoin is gearing up for a potential 40% breakout, aiming for $11! However, the TD Sequential indicator suggests $TON might briefly dip to $7.2 to gather liquidity before the upswing. pic.twitter.com/jMoZ1ugEga
— Ali (@ali_charts) June 13, 2024
A technical analysis of Toncoin’s chart shows a golden cross formation, where the 50-day moving average crosses above the 200-day moving average. This signals a potential long-term bullish trend, boosting market sentiment for the altcoin.
Looking at the Relative strength index (RSI) Toncoin stands at 62, signaling bullish momentum as it hasn’t reached the overbought zone. Additionally, social metrics like volume and dominance have turned bullish in the past five days, suggesting a potential market upturn.
However, Martinez’s analysis also includes a cautionary note, pointing to the TD Sequential indicator suggesting that Toncoin might experience a short-term dip to around $7.2. This potential decline is expected to gather liquidity, setting the stage for the anticipated upswing and a climb towards the $11 target.
DeFi Interest Surged
The Toncoin blockchain network is experiencing significant growth, drawing DeFi developers and locking nearly $1 billion in total value. Active Toncoin wallets have surged from 1.28 million to over 8 million, indicating increasing adoption and user engagement.
As of now, Toncoin is trading at $7.52, reflecting a 4.7% increase in the last 24 hours. Trading volume has surged by 92%, reaching $520 million.
MemeCoins Are Beneficial to Ethereum : Vitalik Buterin
The post MemeCoins Are Beneficial to Ethereum : Vitalik Buterin appeared first on Coinpedia Fintech News
Vitalik Buterin has voiced several reasons meme coins benefit Ethereum and the crypto ecosystem. Meme coins are driven by viral moments and community hype. While meme coins do not offer practical advancements like other crypto innovations, they are a good place to start for people interested in crypto. While some may think of meme coin as taking the energy away from more important developments, projects do exist in zk reputation/identity/credentials, p2p cross-border payments, decentralized social, prediction markets, privacy, enterprise apps via zk validiums, and zk + censorship-resistant voting according to Buterin.
Vitalik Buterin has voiced several reasons meme coins benefit Ethereum and the crypto ecosystem. Meme coins are driven by viral moments and community hype. While meme coins do not offer practical advancements like other crypto innovations, they are a good place to start for people interested in crypto. While some may think of meme coin as taking the energy away from more important developments, projects do exist in zk reputation/identity/credentials, p2p cross-border payments, decentralized social, prediction markets, privacy, enterprise apps via zk validiums, and zk + censorship-resistant voting according to Buterin.
Commonwealth Bank Adds Monochrome BTC ETF to Investment Offerings
The post Commonwealth Bank Adds Monochrome BTC ETF to Investment Offerings appeared first on Coinpedia Fintech News
The Commonwealth Bank of Australia recently expanded its ETF offerings with the addition of Monochrome BTC ETF (IBTC) to the list. The bank has provided the opportunity to invest in BTC ETF to its user base of 17 million customers. Notably, the ETF allows investors to gain direct exposure to Bitcoin’s price movements while sticking to the regulatory standards. The recent CBA listing is a major step towards combining digital currencies into mainstream investment options. The potential of Digital assets to complement traditional financial services is being increasingly recognized by Banks Worldwide.
The Commonwealth Bank of Australia recently expanded its ETF offerings with the addition of Monochrome BTC ETF (IBTC) to the list. The bank has provided the opportunity to invest in BTC ETF to its user base of 17 million customers. Notably, the ETF allows investors to gain direct exposure to Bitcoin’s price movements while sticking to the regulatory standards. The recent CBA listing is a major step towards combining digital currencies into mainstream investment options. The potential of Digital assets to complement traditional financial services is being increasingly recognized by Banks Worldwide.
US PPI Inflation Drops, Sparks Optimism Amid Fed’s Dovish Stance
The post US PPI Inflation Drops, Sparks Optimism Amid Fed’s Dovish Stance appeared first on Coinpedia Fintech News
The latest US PPI data revealed significant inflation cooling in May, marking its largest decline since October 2023. Inflation decreased to -0.2% in May, against market expectations of a 0.1% increase. The data has fueled optimism in the market amidst a dovish stance by the Federal Reserve. The Fed Chair’s latest remarks signaled only one rate cut this year. The Core PPI, excluding food, energy, and trade services, remained unchanged from the previous month. Annual PPI inflation cooled to 2.2%, against expectations of 2.5%. While BTC retreated 2.53%, market experts anticipate a potential Bitcoin rally ahead.
The latest US PPI data revealed significant inflation cooling in May, marking its largest decline since October 2023. Inflation decreased to -0.2% in May, against market expectations of a 0.1% increase. The data has fueled optimism in the market amidst a dovish stance by the Federal Reserve. The Fed Chair’s latest remarks signaled only one rate cut this year. The Core PPI, excluding food, energy, and trade services, remained unchanged from the previous month. Annual PPI inflation cooled to 2.2%, against expectations of 2.5%. While BTC retreated 2.53%, market experts anticipate a potential Bitcoin rally ahead.
Major Token Burn on the Horizon for Terra Ecosystem
The post Major Token Burn on the Horizon for Terra Ecosystem appeared first on Coinpedia Fintech News
The Terra ecosystem is set for a significant shakeup as a major token burn is coming. The TerraForm Labs (TFL) team has announced plans to burn all unvested LUNA tokens. Additionally, the team will burn any vested LUNA remaining in TFL’s wallets. This move promises a dramatic reduction in the supply of LUNA and LUNC tokens, but whether this will ensure the long-term viability of these tokens remains to be seen.
Impact on the Terra Ecosystem
The proposed token burn aims to reduce the supply of LUNA and LUNC, potentially increasing their value by making the tokens scarcer. The TFL team believes this could bolster the long-term viability of the Terra ecosystem. However, the true impact of this supply reduction will depend on various factors, including market demand and overall investor sentiment.
TFL Community Proposal and Next Steps
The TFL team will soon post a community proposal detailing the token burn process. This proposal will outline the specifics and allow the community to participate in the decision-making process.
The Terra ecosystem is set for a significant shakeup as a major token burn is coming. The TerraForm Labs (TFL) team has announced plans to burn all unvested LUNA tokens. Additionally, the team will burn any vested LUNA remaining in TFL’s wallets. This move promises a dramatic reduction in the supply of LUNA and LUNC tokens, but whether this will ensure the long-term viability of these tokens remains to be seen.
Impact on the Terra Ecosystem
The proposed token burn aims to reduce the supply of LUNA and LUNC, potentially increasing their value by making the tokens scarcer. The TFL team believes this could bolster the long-term viability of the Terra ecosystem. However, the true impact of this supply reduction will depend on various factors, including market demand and overall investor sentiment.
TFL Community Proposal and Next Steps
The TFL team will soon post a community proposal detailing the token burn process. This proposal will outline the specifics and allow the community to participate in the decision-making process.
Ripple and Archax Join Forces to Tokenize Real-world Assets on XRPL
The post Ripple and Archax Join Forces to Tokenize Real-world Assets on XRPL appeared first on Coinpedia Fintech News
Ripple announced a strategic partnership with Archax to enhance its blockchain functionality. The tokenization of real-world assets and the influx of significant capital to XRPL over the next year will be the key focus of the partnership. The move is expected to accelerate the adoption of digital assets in traditional financial markets. Archax will leverage XRPL’s infrastructure to improve efficiency and market access for these assets. XRPL was chosen for its reliability, operational efficiency, and tailored features for institutional DeFi. The partnership was revealed at an XRPL summit in Amsterdam.
Ripple announced a strategic partnership with Archax to enhance its blockchain functionality. The tokenization of real-world assets and the influx of significant capital to XRPL over the next year will be the key focus of the partnership. The move is expected to accelerate the adoption of digital assets in traditional financial markets. Archax will leverage XRPL’s infrastructure to improve efficiency and market access for these assets. XRPL was chosen for its reliability, operational efficiency, and tailored features for institutional DeFi. The partnership was revealed at an XRPL summit in Amsterdam.
Terraform Labs CEO Announces Plans to Dissolve Operations
The post Terraform Labs CEO Announces Plans to Dissolve Operations appeared first on Coinpedia Fintech News
The CEO of Terraform Labs revealed that the firm is planning to dissolve its operations. The firm plans to sell its projects in the Terra ecosystem, including Pulsar Finance, Station Wallet, and Enterprise DAO. TFL will be completely winding down its operations. The firm proposes a community vote to burn all unvested Luna, Terraform’s native token. TFL will also burn anything that remains vested in the wallets. The Terra and Terra Classic blockchains will continue under the community’s control.
The CEO of Terraform Labs revealed that the firm is planning to dissolve its operations. The firm plans to sell its projects in the Terra ecosystem, including Pulsar Finance, Station Wallet, and Enterprise DAO. TFL will be completely winding down its operations. The firm proposes a community vote to burn all unvested Luna, Terraform’s native token. TFL will also burn anything that remains vested in the wallets. The Terra and Terra Classic blockchains will continue under the community’s control.
Traders Abandon Bitcoin for Memecoins: Next Explosive Winners!
The post Traders Abandon Bitcoin for Memecoins: Next Explosive Winners! appeared first on Coinpedia Fintech News
Bitcoin has seen a shift in attention from traders. Memecoins are now in the spotlight, creating buzz and excitement. With the bull run of 2024 underway, the focus has turned toward identifying the next big winners in this dynamic market. This trend highlights a changing preference among traders, eager to capitalize on fresh opportunities. Dive into the latest analysis to discover where the action is heading next.
CYBRO Presale: A Once-in-a-Lifetime Next-Gen DeFi Investment Opportunity
Don’t miss out on CYBRO’s exclusive token presale that’s captivating crypto whales and savvy investors alike. This cutting-edge DeFi platform is designed to maximize earnings in any market condition, presenting an unparalleled investment opportunity.
With experts forecasting a potential ROI of 1200%, CYBRO tokens are available at an attractive presale price of just $0.025 each. This unique and revolutionary project has already drawn the attention of prominent crypto influencers, reflecting strong market confidence and interest.
CYBRO token holders will benefit from high-yield staking, community-first airdrops, cashback on platform purchases, reduced fees for trading and lending, and an in-house insurance program.
With only 21% of the total tokens up for grabs and approximately 25 million already sold, this is a golden ticket to wealth for astute investors, eager to secure a stake in a truly one-of-a-kind project.
Super Trump (STRUMP) Crypto Price Overview
The current price range for STRUMP is between $0.01 and $0.03. It has shown significant growth over the past month with a 397.43% increase. The coin is currently in a corrective move, having dipped by 5.49% in the last week. With the RSI at 53.53 and Stochastic at 89.12, STRUMP is near a neutral zone but slightly overbought. The nearest resistance is at $0.04, while the support lies at $0.00.
Dogecoin Price Overview: Will DOGE Break New Resistance Levels?
Dogecoin (DOGE) is currently in a corrective phase, trading between $0.14 and $0.16. The nearest resistance sits at $0.18 and support at $0.13. Over the past week, DOGE has dropped by 13.23%, showing a minor 0.85% decrease over the month but a significant 43.02% surge in six months. With RSI at 54.2 and Stochastic at 91.86, the price is hovering near stability according to its Simple Moving Averages.
Based Brett Crypto Price Overview: Key Levels and Trends
Brett (BRETT) currently trades between $0.10 and $0.23, showing an impulsive move. The coin has surged by 50.45% in the past week and 356.00% over the past month. Over six months, its price has increased by 444.47%. The first resistance level stands at $0.27, while support is at $0.02. The RSI is at 56.18, and the Stochastic at 82.02, indicating strong momentum.
Dogwifhat (WIF) Crypto Price Overview: Potential for Volatility Ahead
Dogwifhat (WIF) currently trades between $2.35 and $3.40. Recent movements show a one-week price drop of 22.74% and a one-month decline of 11.68%, but the coin has still gained 103.89% over six months. The WIF price is slightly below both the 10-day and 100-day Simple Moving Averages. With RSI at 56.69 and Stochastic at 91.39, the price appears to be in a corrective move. Resistance sits at $4.02, and support is at $1.92.
Conclusion
In the current bullish market, coins like STRUMP, DOGE, BRETT, and WIF show limited short-term potential. Instead, the focus shifts to CYBRO, an earn marketplace on the Blast blockchain. With its release in Q2 2024, CYBRO offers early investors a chance to join its token presale on favourable terms. As interest grows, CYBRO stands out as the promising option for potential gains.
Bitcoin has seen a shift in attention from traders. Memecoins are now in the spotlight, creating buzz and excitement. With the bull run of 2024 underway, the focus has turned toward identifying the next big winners in this dynamic market. This trend highlights a changing preference among traders, eager to capitalize on fresh opportunities. Dive into the latest analysis to discover where the action is heading next.
CYBRO Presale: A Once-in-a-Lifetime Next-Gen DeFi Investment Opportunity
Don’t miss out on CYBRO’s exclusive token presale that’s captivating crypto whales and savvy investors alike. This cutting-edge DeFi platform is designed to maximize earnings in any market condition, presenting an unparalleled investment opportunity.
With experts forecasting a potential ROI of 1200%, CYBRO tokens are available at an attractive presale price of just $0.025 each. This unique and revolutionary project has already drawn the attention of prominent crypto influencers, reflecting strong market confidence and interest.
CYBRO token holders will benefit from high-yield staking, community-first airdrops, cashback on platform purchases, reduced fees for trading and lending, and an in-house insurance program.
With only 21% of the total tokens up for grabs and approximately 25 million already sold, this is a golden ticket to wealth for astute investors, eager to secure a stake in a truly one-of-a-kind project.
Super Trump (STRUMP) Crypto Price Overview
The current price range for STRUMP is between $0.01 and $0.03. It has shown significant growth over the past month with a 397.43% increase. The coin is currently in a corrective move, having dipped by 5.49% in the last week. With the RSI at 53.53 and Stochastic at 89.12, STRUMP is near a neutral zone but slightly overbought. The nearest resistance is at $0.04, while the support lies at $0.00.
Dogecoin Price Overview: Will DOGE Break New Resistance Levels?
Dogecoin (DOGE) is currently in a corrective phase, trading between $0.14 and $0.16. The nearest resistance sits at $0.18 and support at $0.13. Over the past week, DOGE has dropped by 13.23%, showing a minor 0.85% decrease over the month but a significant 43.02% surge in six months. With RSI at 54.2 and Stochastic at 91.86, the price is hovering near stability according to its Simple Moving Averages.
Based Brett Crypto Price Overview: Key Levels and Trends
Brett (BRETT) currently trades between $0.10 and $0.23, showing an impulsive move. The coin has surged by 50.45% in the past week and 356.00% over the past month. Over six months, its price has increased by 444.47%. The first resistance level stands at $0.27, while support is at $0.02. The RSI is at 56.18, and the Stochastic at 82.02, indicating strong momentum.
Dogwifhat (WIF) Crypto Price Overview: Potential for Volatility Ahead
Dogwifhat (WIF) currently trades between $2.35 and $3.40. Recent movements show a one-week price drop of 22.74% and a one-month decline of 11.68%, but the coin has still gained 103.89% over six months. The WIF price is slightly below both the 10-day and 100-day Simple Moving Averages. With RSI at 56.69 and Stochastic at 91.39, the price appears to be in a corrective move. Resistance sits at $4.02, and support is at $1.92.
Conclusion
In the current bullish market, coins like STRUMP, DOGE, BRETT, and WIF show limited short-term potential. Instead, the focus shifts to CYBRO, an earn marketplace on the Blast blockchain. With its release in Q2 2024, CYBRO offers early investors a chance to join its token presale on favourable terms. As interest grows, CYBRO stands out as the promising option for potential gains.
ChatGPT Names 5 Altcoins That Will End June With Massive Profits
The post ChatGPT Names 5 Altcoins That Will End June with Massive Profits appeared first on Coinpedia Fintech News
As the bull run of 2024 gains momentum, market enthusiasts eagerly seek the next big opportunities. A fascinating analysis reveals five altcoins poised for significant gains by the end of June. This article dives deep into these promising assets, highlighting why they might be the standout performers of the month.
CYBRO Presale: A Premier DeFi Investment Prospect
Seize the moment with CYBRO‘s exclusive token presale, which is already captivating major crypto investors and industry influencers. This state-of-the-art DeFi platform is engineered to maximize earnings under any market condition, offering an unparalleled investment opportunity.
With experts predicting a potential ROI of 1200%, CYBRO tokens are attractively priced at just $0.025 each during the presale. This distinctive and groundbreaking project has garnered significant attention from prominent crypto figures, signalling strong market confidence and interest.
Holders of CYBRO tokens will enjoy high-yield staking rewards, community-focused airdrops, cashback on platform purchases, reduced fees for trading and lending, and access to an insurance program to invest with a piece of mind.
With only 21% of the total tokens available during this presale and approximately 25 million already purchased, this represents a prime opportunity for discerning investors to secure a stake in a truly unique project.
Solana (SOL) Price Overview: Analyzing Current Trends and Future Direction
SOL is currently trading between $151.91 and $173.96. In the last week, the price fell by 12.01%, but it has risen by 5.35% over the past month and 99.75% in the past six months. The RSI is at 49.64, indicating neutral momentum. The coin is in a corrective move, with the nearest resistance at $185.81 and support at $141.71. The SMA for 10 days is $149.88, and the 100-day SMA is $157.40. Thus, it’s a mix of signals right now.
Worldcoin (WLD) Price Overview and Future Prediction
Worldcoin (WLD) is trading in a range of $3.78 to $4.91. The coin has faced a 20.28% drop in the last week and a 35.44% decline over the past month. However, it has risen by 47.22% over six months. The nearest resistance is at $5.59, with support at $3.32. With an RSI of 47.14 and other indicators, WLD is currently in a corrective move.
Sei (SEI) Crypto Price Overview and Prediction
Sei (SEI) is currently trading in the range of $0.46 to $0.56. The nearest resistance level is at $0.61, while support is at $0.41. Over the past week, SEI has dropped by 12.09%, and in the last month, it has declined by 8.41%. Despite these drops, the six-month change is a positive 78.13%, suggesting an overall upward trend. The RSI is 46.24, showing the coin is in a neutral zone. The price movement appears corrective at the moment.
GMT Crypto Price: Analysis and Short-Term Prediction
The price of GMT (GMT) is currently in a corrective phase, moving within the $0.19 to $0.24 range. The nearest resistance is at $0.27, with support at $0.17. It has seen a one-week price decline of 18.38%, a one-month drop of 7.57%, and a six-month decrease of 28.63%. The RSI is at 54.60, suggesting slight bearish momentum, while the Stochastic level is high at 94.99. The coin is expected to hover around its current range in the short term.
Conclusion
SOL, WLD, SEI, and GMT show less potential in the short term. Attention is shifting to CYBRO, an upcoming earn marketplace, using the Blast blockchain’s native yield potential. Its first release is set for Q2 2024. Early investors have a chance to join the CYBRO token presale under favourable terms.
As the bull run of 2024 gains momentum, market enthusiasts eagerly seek the next big opportunities. A fascinating analysis reveals five altcoins poised for significant gains by the end of June. This article dives deep into these promising assets, highlighting why they might be the standout performers of the month.
CYBRO Presale: A Premier DeFi Investment Prospect
Seize the moment with CYBRO‘s exclusive token presale, which is already captivating major crypto investors and industry influencers. This state-of-the-art DeFi platform is engineered to maximize earnings under any market condition, offering an unparalleled investment opportunity.
With experts predicting a potential ROI of 1200%, CYBRO tokens are attractively priced at just $0.025 each during the presale. This distinctive and groundbreaking project has garnered significant attention from prominent crypto figures, signalling strong market confidence and interest.
Holders of CYBRO tokens will enjoy high-yield staking rewards, community-focused airdrops, cashback on platform purchases, reduced fees for trading and lending, and access to an insurance program to invest with a piece of mind.
With only 21% of the total tokens available during this presale and approximately 25 million already purchased, this represents a prime opportunity for discerning investors to secure a stake in a truly unique project.
Solana (SOL) Price Overview: Analyzing Current Trends and Future Direction
SOL is currently trading between $151.91 and $173.96. In the last week, the price fell by 12.01%, but it has risen by 5.35% over the past month and 99.75% in the past six months. The RSI is at 49.64, indicating neutral momentum. The coin is in a corrective move, with the nearest resistance at $185.81 and support at $141.71. The SMA for 10 days is $149.88, and the 100-day SMA is $157.40. Thus, it’s a mix of signals right now.
Worldcoin (WLD) Price Overview and Future Prediction
Worldcoin (WLD) is trading in a range of $3.78 to $4.91. The coin has faced a 20.28% drop in the last week and a 35.44% decline over the past month. However, it has risen by 47.22% over six months. The nearest resistance is at $5.59, with support at $3.32. With an RSI of 47.14 and other indicators, WLD is currently in a corrective move.
Sei (SEI) Crypto Price Overview and Prediction
Sei (SEI) is currently trading in the range of $0.46 to $0.56. The nearest resistance level is at $0.61, while support is at $0.41. Over the past week, SEI has dropped by 12.09%, and in the last month, it has declined by 8.41%. Despite these drops, the six-month change is a positive 78.13%, suggesting an overall upward trend. The RSI is 46.24, showing the coin is in a neutral zone. The price movement appears corrective at the moment.
GMT Crypto Price: Analysis and Short-Term Prediction
The price of GMT (GMT) is currently in a corrective phase, moving within the $0.19 to $0.24 range. The nearest resistance is at $0.27, with support at $0.17. It has seen a one-week price decline of 18.38%, a one-month drop of 7.57%, and a six-month decrease of 28.63%. The RSI is at 54.60, suggesting slight bearish momentum, while the Stochastic level is high at 94.99. The coin is expected to hover around its current range in the short term.
Conclusion
SOL, WLD, SEI, and GMT show less potential in the short term. Attention is shifting to CYBRO, an upcoming earn marketplace, using the Blast blockchain’s native yield potential. Its first release is set for Q2 2024. Early investors have a chance to join the CYBRO token presale under favourable terms.
RLUSD Stablecoin to Drive New Use Cases for XRP
The post RLUSD Stablecoin to Drive New Use Cases for XRP appeared first on Coinpedia Fintech News
Ripple CTO David Schwartz has argued that the upcoming RLUSD stablecoin will benefit XRP rather than harm it. He explained that the evolution of DeFi has revealed the importance of stablecoins. He also pointed out that while volatile assets are useful in some scenarios, stablecoins are essential in others. Schwartz noted XRP’s privileged position on the XRP Ledger and assured that the introduction of the stablecoin ecosystem would not change this but would instead enable more use cases.
Ripple CTO David Schwartz has argued that the upcoming RLUSD stablecoin will benefit XRP rather than harm it. He explained that the evolution of DeFi has revealed the importance of stablecoins. He also pointed out that while volatile assets are useful in some scenarios, stablecoins are essential in others. Schwartz noted XRP’s privileged position on the XRP Ledger and assured that the introduction of the stablecoin ecosystem would not change this but would instead enable more use cases.
Ripple’s New Partnership With Archax Set to Transform RWA Tokenization on the XRPL
The post Ripple’s New Partnership with Archax Set to Transform RWA Tokenization on the XRPL appeared first on Coinpedia Fintech News
Ripple has announced an expanded collaboration with Archax, the first Financial Conduct Authority-regulated digital asset exchanger of the United Kingdom. The partnership aims to bring hundreds of millions of dollars worth of tokenized real-world assets onto the XRP Ledger (XRPL) over the next year, solidifying XRPL as a premier blockchain for RWA tokenization.
Partnership Announcement at XRPL APEX 2024
This partnership was announced at XRP Ledger APEX 2024, held from June 11-13 in Amsterdam. This collaboration is set to significantly impact the future of asset tokenization on the XRPL.
Enhancing Tokenization Capabilities through Archax-Ripple Partnership
Archax works with leading financial institutions to tokenize their financial RWAs. Through this collaboration, these institutions can now choose XRPL for tokenizing their assets, opening up various downstream use cases. This agreement marks a significant evolution in the relationship between Ripple and Archax, which began in 2022 when Archax collaborated with Metaco for digital asset custody services. Ripple acquired Metaco in mid-2023, further strengthening this partnership.
Why XRPL?
The XRPL is an open-source, decentralised Layer 1 blockchain with built-in tokenization capabilities, a native decentralised exchange, and compliance features. It is designed to support institutional-grade financial use cases. XRPL’s robust infrastructure includes an Automated Market Maker (AMM), upcoming features like Decentralised Identifier (DID), Multi-Purpose Tokens (MPT) capability, a Lending Protocol, and Oracles.
XRPL Track Record Analysis
Over the past decade, XRPL has hosted over 1,000 projects, processed more than 1.8 billion transactions without failures or security breaches, and supports over 5 million active wallets with a network of over 120 validators. This track record makes it an ideal platform for RWA tokenization and institutional-grade DeFI.
Ripple’s collaboration with Archax is poised to revolutionise the tokenization of real-world assets, leveraging XRPL’s advanced capabilities and proven reliability.
Ripple has announced an expanded collaboration with Archax, the first Financial Conduct Authority-regulated digital asset exchanger of the United Kingdom. The partnership aims to bring hundreds of millions of dollars worth of tokenized real-world assets onto the XRP Ledger (XRPL) over the next year, solidifying XRPL as a premier blockchain for RWA tokenization.
Partnership Announcement at XRPL APEX 2024
This partnership was announced at XRP Ledger APEX 2024, held from June 11-13 in Amsterdam. This collaboration is set to significantly impact the future of asset tokenization on the XRPL.
Enhancing Tokenization Capabilities through Archax-Ripple Partnership
Archax works with leading financial institutions to tokenize their financial RWAs. Through this collaboration, these institutions can now choose XRPL for tokenizing their assets, opening up various downstream use cases. This agreement marks a significant evolution in the relationship between Ripple and Archax, which began in 2022 when Archax collaborated with Metaco for digital asset custody services. Ripple acquired Metaco in mid-2023, further strengthening this partnership.
Why XRPL?
The XRPL is an open-source, decentralised Layer 1 blockchain with built-in tokenization capabilities, a native decentralised exchange, and compliance features. It is designed to support institutional-grade financial use cases. XRPL’s robust infrastructure includes an Automated Market Maker (AMM), upcoming features like Decentralised Identifier (DID), Multi-Purpose Tokens (MPT) capability, a Lending Protocol, and Oracles.
XRPL Track Record Analysis
Over the past decade, XRPL has hosted over 1,000 projects, processed more than 1.8 billion transactions without failures or security breaches, and supports over 5 million active wallets with a network of over 120 validators. This track record makes it an ideal platform for RWA tokenization and institutional-grade DeFI.
Ripple’s collaboration with Archax is poised to revolutionise the tokenization of real-world assets, leveraging XRPL’s advanced capabilities and proven reliability.
Analyst Shares Timeline for When Ripple (XRP) and This Ethereum Token Could See a 10,000% Rally
The post Analyst Shares Timeline for When Ripple (XRP) and this Ethereum Token Could See a 10,000% Rally appeared first on Coinpedia Fintech News
Despite facing many legal pressures, Ripple (XRP) is expected to make a notable return to the crypto market, along with other cryptos such as the Ethereum token RCO Finance (RCOF). The internet personality known as Crypto Sensei has expressed these thoughts on his X.
This is a shock in the crypto sphere since Ripple, the parent company of XRP has been in a legal battle with the United States Securities and Exchange Commission. Specifically, the SEC has accused Ripple of selling a security token for its enterprise without an appropriate license.
Nonetheless, several crypto analysts are optimistic that Ripple and RCOF will soon experience another skyrocketing trend in decentralized finance (DeFi) by reaching 10,000%.
RCO Finance (RCOF) – A New Player in the Market
RCO is an Ethereum token natively for RCO Finance (RCOF). RCO Finance is a unique DeFi platform on the Ethereum blockchain that allows direct investment in actuality through artificial intelligence or machine learning.
This decentralized Ethereum platform employs a robo-advisor integrated with artificial intelligence that provides market insights and portfolio management. A return on high yields is possible due to RCOF staking, low-interest loans, up to 50x leverage, and no KYC to invest in Spot Bitcoin (BTC) and Ethereum (ETH) ETFs.
Also, RCO Finance provides users with automated market makers, trading tools with real-time data, and decentralized derivative trading such as options, futures, and swaps. Later, revenues can be enjoyed with a globally available debit card and P2P transfers, thus making the liquidity process fast and secure.
The token distribution of RCOF is carefully structured to prevent pump-and-dump scams. Half of the tokens are available publicly, while a part is locked to sell for liquidity. The deflationary model and stage-based presale rounds, backed by smart contract audits, increase the Ethereum token’s utility and the community’s involvement.
Is Ripple (XRP) Promising A Future Ahead?
XRP is one of the oldest cryptos in the market, though it has largely faced controversies surrounding its legitimacy. Founded by OpenCoin (Ripple) in 2013, it has come close to fame due to its efficiency and low fee.
Despite the legal complexities that XRP has endured, the future of currency still seems promising based on the technology it is built on and, specifically, the partnerships with banks. This means that XRP may experience a phenomenal price increase with the resolution of the lawsuit between the SEC and Ripple.
Once Ripple settles the case or wins the case, we are likely to see the capacity of XRP to be classified as currency. Crypto experts also believe that if Ripple secures the victory, then the price of the XRP token will rise past the $1.62 mark.
Potential Timeline for Ripple (XRP) and RCOF 10,000% Rally
The timeline for a 10,000% rally for Ripple (XRP) and the Ethereum token, RCOF, depends on various factors, including market trends and regulatory decisions. However, based on current projections, here is a possible timeline:
Short-term (2024): In the current scenario, Ripple (XRP) might witness a new high if the SEC decision leans in favour of Ripple with an XRP price of $1.62 by the end of the year. This would result in an over 10,000% increase from its current price of $0.483.
Mid-term (2025): RCO Finance (RCOF) may expand as more investors learn about its developments. It could hit $0.4 to $0.6 around mid-2025, thus rising from the current price of $0.01275 by 3000%.
Long-term (2026-2030): With such a trend in DeFi, they have the potential to occupy their niche, and RCO Finance (RCOF) can become a platform for stable and low-cost operations. It could breach $1 by the end of 2026, an impressive arc from its current price for over 10,000% gains.
Invest in RCO Finance (RCOF) for Secure and Lucrative Trading
RCOF is an Ethereum token that provides more than capital gains; it guarantees the platform’s security, reflected by the community’s governance and inclusion. Fireblocks also audits the smart contracts that facilitate the operation of the RCO Finance platform.
Its first presale is going at $0.0127; this Ethereum token has cleared over 18 million in sales from token sales and is still counting. This is a good time to buy the coin and watch your investments explode over 100X during the bull market.
This modern Ethereum platform may bring you great success and a potential rise of 10,000%, so it is time to join.
For more information about the RCO Finance (RCOF) Presale:
Visit RCO Finance Presale
Join The RCO Finance Community
Despite facing many legal pressures, Ripple (XRP) is expected to make a notable return to the crypto market, along with other cryptos such as the Ethereum token RCO Finance (RCOF). The internet personality known as Crypto Sensei has expressed these thoughts on his X.
This is a shock in the crypto sphere since Ripple, the parent company of XRP has been in a legal battle with the United States Securities and Exchange Commission. Specifically, the SEC has accused Ripple of selling a security token for its enterprise without an appropriate license.
Nonetheless, several crypto analysts are optimistic that Ripple and RCOF will soon experience another skyrocketing trend in decentralized finance (DeFi) by reaching 10,000%.
RCO Finance (RCOF) – A New Player in the Market
RCO is an Ethereum token natively for RCO Finance (RCOF). RCO Finance is a unique DeFi platform on the Ethereum blockchain that allows direct investment in actuality through artificial intelligence or machine learning.
This decentralized Ethereum platform employs a robo-advisor integrated with artificial intelligence that provides market insights and portfolio management. A return on high yields is possible due to RCOF staking, low-interest loans, up to 50x leverage, and no KYC to invest in Spot Bitcoin (BTC) and Ethereum (ETH) ETFs.
Also, RCO Finance provides users with automated market makers, trading tools with real-time data, and decentralized derivative trading such as options, futures, and swaps. Later, revenues can be enjoyed with a globally available debit card and P2P transfers, thus making the liquidity process fast and secure.
The token distribution of RCOF is carefully structured to prevent pump-and-dump scams. Half of the tokens are available publicly, while a part is locked to sell for liquidity. The deflationary model and stage-based presale rounds, backed by smart contract audits, increase the Ethereum token’s utility and the community’s involvement.
Is Ripple (XRP) Promising A Future Ahead?
XRP is one of the oldest cryptos in the market, though it has largely faced controversies surrounding its legitimacy. Founded by OpenCoin (Ripple) in 2013, it has come close to fame due to its efficiency and low fee.
Despite the legal complexities that XRP has endured, the future of currency still seems promising based on the technology it is built on and, specifically, the partnerships with banks. This means that XRP may experience a phenomenal price increase with the resolution of the lawsuit between the SEC and Ripple.
Once Ripple settles the case or wins the case, we are likely to see the capacity of XRP to be classified as currency. Crypto experts also believe that if Ripple secures the victory, then the price of the XRP token will rise past the $1.62 mark.
Potential Timeline for Ripple (XRP) and RCOF 10,000% Rally
The timeline for a 10,000% rally for Ripple (XRP) and the Ethereum token, RCOF, depends on various factors, including market trends and regulatory decisions. However, based on current projections, here is a possible timeline:
Short-term (2024): In the current scenario, Ripple (XRP) might witness a new high if the SEC decision leans in favour of Ripple with an XRP price of $1.62 by the end of the year. This would result in an over 10,000% increase from its current price of $0.483.
Mid-term (2025): RCO Finance (RCOF) may expand as more investors learn about its developments. It could hit $0.4 to $0.6 around mid-2025, thus rising from the current price of $0.01275 by 3000%.
Long-term (2026-2030): With such a trend in DeFi, they have the potential to occupy their niche, and RCO Finance (RCOF) can become a platform for stable and low-cost operations. It could breach $1 by the end of 2026, an impressive arc from its current price for over 10,000% gains.
Invest in RCO Finance (RCOF) for Secure and Lucrative Trading
RCOF is an Ethereum token that provides more than capital gains; it guarantees the platform’s security, reflected by the community’s governance and inclusion. Fireblocks also audits the smart contracts that facilitate the operation of the RCO Finance platform.
Its first presale is going at $0.0127; this Ethereum token has cleared over 18 million in sales from token sales and is still counting. This is a good time to buy the coin and watch your investments explode over 100X during the bull market.
This modern Ethereum platform may bring you great success and a potential rise of 10,000%, so it is time to join.
For more information about the RCO Finance (RCOF) Presale:
Visit RCO Finance Presale
Join The RCO Finance Community
Notcoin Price Rally Could Be Over If This Trade Plays Out: Here’s Why $0.02 Is Crucial for the Cr...
The post Notcoin Price Rally Could be Over if This Trade Plays Out: Here’s Why $0.02 is Crucial For the Crypto appeared first on Coinpedia Fintech News
Notcoin price underwent a minor rise in value as trading activity intensified to a large extent. With this, the market participants have become more optimistic about the upcoming trend and expect the rally to trigger a fresh 50% rise soon. The trend remains within the bearish range and pretty distinct from the crucial range. Although the NOT prices have been among the top gainers, the token continues to grab the huge attention of the market participants.
Having stuck within a bearish trend, is there any possibility of a strong rebound?
The NOT price rally displays a hidden continuation of a bearish trend which has been overshadowed by the recent bullish upswing. The token has attracted more than $1 billion in volume in the past 24 hours, making it the top 11th traded token while its price is about to enter the top 50. However, after dropping from the highs of above $4 billion in market capitalization, is it still possible for the token to reclaim its position?
The short-term trade displays the price being stuck within a bearish descending trend, indicating the dominance of the bears. However, the stochRSI formation is displaying a diverse action as the price seems to be preparing for a breakout from the range. In the past couple of times, whenever the RSI has hit the lower range, the NOT price has reached the lower support of the channel. However, the levels have remained close to the upper resistance while the RSI has entered the oversold region.
Therefore, the Notcoin price is expected to consolidate for a few more hours within the same range and with a rebound in the RSI, the price could breach the upper resistance. This could lead the price towards $0.02, following an ascending consolidation. On the other hand, if the NOT price fails to break the channel in the next few hours, then it may form another lower high, signifying the swelling strength of the bears.
Notcoin price underwent a minor rise in value as trading activity intensified to a large extent. With this, the market participants have become more optimistic about the upcoming trend and expect the rally to trigger a fresh 50% rise soon. The trend remains within the bearish range and pretty distinct from the crucial range. Although the NOT prices have been among the top gainers, the token continues to grab the huge attention of the market participants.
Having stuck within a bearish trend, is there any possibility of a strong rebound?
The NOT price rally displays a hidden continuation of a bearish trend which has been overshadowed by the recent bullish upswing. The token has attracted more than $1 billion in volume in the past 24 hours, making it the top 11th traded token while its price is about to enter the top 50. However, after dropping from the highs of above $4 billion in market capitalization, is it still possible for the token to reclaim its position?
The short-term trade displays the price being stuck within a bearish descending trend, indicating the dominance of the bears. However, the stochRSI formation is displaying a diverse action as the price seems to be preparing for a breakout from the range. In the past couple of times, whenever the RSI has hit the lower range, the NOT price has reached the lower support of the channel. However, the levels have remained close to the upper resistance while the RSI has entered the oversold region.
Therefore, the Notcoin price is expected to consolidate for a few more hours within the same range and with a rebound in the RSI, the price could breach the upper resistance. This could lead the price towards $0.02, following an ascending consolidation. On the other hand, if the NOT price fails to break the channel in the next few hours, then it may form another lower high, signifying the swelling strength of the bears.
Mike Novogratz: Meme Coins Dominating With $60 Billion Market Cap
The post Mike Novogratz: Meme Coins Dominating with $60 Billion Market Cap appeared first on Coinpedia Fintech News
Mike Novogratz is bullish on meme coins, predicting their long-term survival and believing that these assets are now a part of the economy. The Galaxy Digital CEO noted that people are making fortunes from meme coin investments. He wrote on X, stating that meme coins have become the cornerstone of the crypto economy, whether or not people are fans of them. According to Galaxy Digital’s estimation, the meme coin market is now close to $60 billion, with DOGE, SHIB, and PEPE dominating. Notably, Shiba Inu has its own Domain Name Service and a layer 2 scaling solution.
Mike Novogratz is bullish on meme coins, predicting their long-term survival and believing that these assets are now a part of the economy. The Galaxy Digital CEO noted that people are making fortunes from meme coin investments. He wrote on X, stating that meme coins have become the cornerstone of the crypto economy, whether or not people are fans of them. According to Galaxy Digital’s estimation, the meme coin market is now close to $60 billion, with DOGE, SHIB, and PEPE dominating. Notably, Shiba Inu has its own Domain Name Service and a layer 2 scaling solution.
Terra Luna Classic (LUNC) Price Faces a Steep Uphill Ahead Following Historical US SEC Settlement
The post Terra Luna Classic (LUNC) Price Faces a Steep Uphill Ahead Following Historical US SEC Settlement appeared first on Coinpedia Fintech News
The Terra Luna Classic (LUNC) community has undergone a challenging period since the 2022 market capitulation, which wiped out over $30 billion in a single week. The historical fall of UST logarithmic stablecoins has haunted the Terra LUNC ecosystem despite rebranding to refreshed products in the recent past.
Moreover, the leadership of Do Kwon has largely been questioned, more so with regard to customer protection measures. Additionally, more blockchains and web3 projects have emerged in the last two years, which have implemented better customer protection measures.
Terra Ecosystem Pays Hefty Fines
According to US SEC filings, Terraform Labs and Do Kwon agreed to pay a lump sum of $4.47 billion in fines after reaching a settlement with the agency. In addition to the fines, Kwon is expected to pay about $204 million to ensure the Terraform investors are reimbursed in the ongoing bankruptcy proceedings.
As part of the settlement with the US SEC, Kwon agreed to never hold a leadership position while the company was forced to never undertake any crypto trading operations.
What Next for LUNC Price Action
From a technical standpoint, LUNC’s price against the US dollar is at a critical juncture that could lead to further losses ahead. The small-cap altcoin, with a fully diluted valuation of about $591 million and a daily average traded volume of around $38 million, has never recovered from the 2022 chronicles.
The altcoin has continued to consolidate in a macro triangular pattern, despite the notable network developments. Already, the altcoin has lost the support of the weekly 50 Moving Average (MA) and the Relative Strength Index (RSI) has struggled to rally above the 50 basis point level.
Can Burns Save the Day?
In addition to periodic on-chain burns, the Terra LUNC community has pushed for more burns to bolster bullish prospects. Earlier this month, Binance burned 1.35 billion LUNC, thus cumulative having burned around 60 billion.
Meanwhile, the Terra LUNC community approved a 256 million, worth about $30k, spend for development works earlier this week.
The Terra Luna Classic (LUNC) community has undergone a challenging period since the 2022 market capitulation, which wiped out over $30 billion in a single week. The historical fall of UST logarithmic stablecoins has haunted the Terra LUNC ecosystem despite rebranding to refreshed products in the recent past.
Moreover, the leadership of Do Kwon has largely been questioned, more so with regard to customer protection measures. Additionally, more blockchains and web3 projects have emerged in the last two years, which have implemented better customer protection measures.
Terra Ecosystem Pays Hefty Fines
According to US SEC filings, Terraform Labs and Do Kwon agreed to pay a lump sum of $4.47 billion in fines after reaching a settlement with the agency. In addition to the fines, Kwon is expected to pay about $204 million to ensure the Terraform investors are reimbursed in the ongoing bankruptcy proceedings.
As part of the settlement with the US SEC, Kwon agreed to never hold a leadership position while the company was forced to never undertake any crypto trading operations.
What Next for LUNC Price Action
From a technical standpoint, LUNC’s price against the US dollar is at a critical juncture that could lead to further losses ahead. The small-cap altcoin, with a fully diluted valuation of about $591 million and a daily average traded volume of around $38 million, has never recovered from the 2022 chronicles.
The altcoin has continued to consolidate in a macro triangular pattern, despite the notable network developments. Already, the altcoin has lost the support of the weekly 50 Moving Average (MA) and the Relative Strength Index (RSI) has struggled to rally above the 50 basis point level.
Can Burns Save the Day?
In addition to periodic on-chain burns, the Terra LUNC community has pushed for more burns to bolster bullish prospects. Earlier this month, Binance burned 1.35 billion LUNC, thus cumulative having burned around 60 billion.
Meanwhile, the Terra LUNC community approved a 256 million, worth about $30k, spend for development works earlier this week.
AI Coins Pumping As Fetch.ai, Injective, WienerAI See Gains
The post AI Coins Pumping As Fetch.ai, Injective, WienerAI See Gains appeared first on Coinpedia Fintech News
AI coins have resurfaced as one of crypto’s top-performing asset classes today, with projects like Fetch.ai and Injective booking solid gains. Meanwhile, the new presale AI project WienerAI is also showing bullish momentum, with its total raise approaching $6 million.
AI Cryptos Boom as Market Selloff Halts
The crypto market has found its footing after a week of selling pressure, providing AI coins with bullish momentum.
Following Fed chair Jerome Powell’s enlightening words at Wednesday’s FOMC meeting, the crypto market has seen a 0.4% uptick.
However, all eyes are on AI cryptocurrencies, with CoinMarketCap reporting the sector’s valuation has jumped by 3.3% today.
This comes as chip manufacturer Nvidia continues to gain pace in the stock market. It is currently trading at an all-time high (ATH) and up 38.5% this month.
AI agent-focused cryptocurrency Fetch.ai has enjoyed a 6% rise today, recovering some losses from the recent market-wide selloff.
Meanwhile, the DeFi-focused blockchain, Injective Protocol, which leans on AI to improve market efficiency and optimize decision-making processes, has posted a 12% gain today.
Injective has remained sheltered from crypto’s recent selloff, up 34% this month.
Other large-cap AI cryptocurrencies have also made strong gains today. Currently, Render is up 6%, Bittensor is up 6%, and SingularityNET is up 4%.
In a recent analysis, Crypto Vikings predicted that Fetch.ai will continue to trend upward, noting it is approximately 50% of its ATH, which presents good value for new buyers.
$FET – AI Blue-chip coin and AI sector has still a lot of potential growth– Already corrected more than 50% which is a juicy dip and proven to be a very profitable strategy to buy trendy Blue-chip coin at 50% discount– Merge very soon to ASI (bottom event)I bought lots of… pic.twitter.com/9XqUte5aLp
— Crypto Vikings (@CryptoVikings07) June 12, 2024
In reply to a comment on the tweet, the analyst suggested Fetch.ai could see up to 20x gains this cycle.
Moving to Injective, Altcoin Miyagi hailed it as having “one of the most bullish charts in crypto right now” and suggests it is going “so much higher.”
$INJ This has to be one of the most bullish charts in crypto right now, I mean how can it not be?Smashed ATH first try through bear/start of bullmarket… retraced and tested ATH for 3 months and now we're seeing signs of the move up… WHEN $BTC IS BEARISH?Going so… pic.twitter.com/GAYwyNU1P2
— Altcoin Miyagi (@AltcoinMiyagi) June 12, 2024
Indeed, the outsized performance of AI coins against other cryptocurrencies reflects the unwavering interest in AI technology, which has been ramping up since the launch of OpenAI’s ChatGPT in 2022.
With that, new AI cryptocurrencies like WienerAI have a favourable launch environment thanks to their low valuations in a rapidly growing sector.
WienerAI Presale Nears $6M – Is This the Next 10X AI Coin?
While tapping into the enthralling market dynamics of AI cryptocurrencies, WienerAI also holds exposure to the meme coin niche, with its AI technology masked behind a dog-themed facade.
This juncture has drawn significant attention to the project, enabling its presale to skyrocket in notoriety.
WienerAI’s central proposition is an AI-enhanced trading bot that helps users make better trading decisions.
They can ask questions or outline criteria, and the bot will scour the market for the best trading opportunities.
And it doesn’t stop there. Once it finds a suitable cryptocurrency, users can take advantage of its instant, fee-free, MEV-resistant, and noob-friendly trade execution. This means no more long wait times or getting front-run by MEV bots when buying crypto on-chain.
Leading analysts have rallied behind this cutting-edge use case, with the Crypto News YouTube channel suggesting that it has 100x potential.
The project also offers a staking layer that rewards users for locking up their tokens. They can currently earn a 201% APY, but this will decrease as the staking pool grows.
At the same time, the WienerAI presale price will gradually increase throughout the campaign.
With that in mind, prospective investors would be well-suited to get in as early as possible and secure the most value.
AI coins have resurfaced as one of crypto’s top-performing asset classes today, with projects like Fetch.ai and Injective booking solid gains. Meanwhile, the new presale AI project WienerAI is also showing bullish momentum, with its total raise approaching $6 million.
AI Cryptos Boom as Market Selloff Halts
The crypto market has found its footing after a week of selling pressure, providing AI coins with bullish momentum.
Following Fed chair Jerome Powell’s enlightening words at Wednesday’s FOMC meeting, the crypto market has seen a 0.4% uptick.
However, all eyes are on AI cryptocurrencies, with CoinMarketCap reporting the sector’s valuation has jumped by 3.3% today.
This comes as chip manufacturer Nvidia continues to gain pace in the stock market. It is currently trading at an all-time high (ATH) and up 38.5% this month.
AI agent-focused cryptocurrency Fetch.ai has enjoyed a 6% rise today, recovering some losses from the recent market-wide selloff.
Meanwhile, the DeFi-focused blockchain, Injective Protocol, which leans on AI to improve market efficiency and optimize decision-making processes, has posted a 12% gain today.
Injective has remained sheltered from crypto’s recent selloff, up 34% this month.
Other large-cap AI cryptocurrencies have also made strong gains today. Currently, Render is up 6%, Bittensor is up 6%, and SingularityNET is up 4%.
In a recent analysis, Crypto Vikings predicted that Fetch.ai will continue to trend upward, noting it is approximately 50% of its ATH, which presents good value for new buyers.
$FET – AI Blue-chip coin and AI sector has still a lot of potential growth– Already corrected more than 50% which is a juicy dip and proven to be a very profitable strategy to buy trendy Blue-chip coin at 50% discount– Merge very soon to ASI (bottom event)I bought lots of… pic.twitter.com/9XqUte5aLp
— Crypto Vikings (@CryptoVikings07) June 12, 2024
In reply to a comment on the tweet, the analyst suggested Fetch.ai could see up to 20x gains this cycle.
Moving to Injective, Altcoin Miyagi hailed it as having “one of the most bullish charts in crypto right now” and suggests it is going “so much higher.”
$INJ This has to be one of the most bullish charts in crypto right now, I mean how can it not be?Smashed ATH first try through bear/start of bullmarket… retraced and tested ATH for 3 months and now we're seeing signs of the move up… WHEN $BTC IS BEARISH?Going so… pic.twitter.com/GAYwyNU1P2
— Altcoin Miyagi (@AltcoinMiyagi) June 12, 2024
Indeed, the outsized performance of AI coins against other cryptocurrencies reflects the unwavering interest in AI technology, which has been ramping up since the launch of OpenAI’s ChatGPT in 2022.
With that, new AI cryptocurrencies like WienerAI have a favourable launch environment thanks to their low valuations in a rapidly growing sector.
WienerAI Presale Nears $6M – Is This the Next 10X AI Coin?
While tapping into the enthralling market dynamics of AI cryptocurrencies, WienerAI also holds exposure to the meme coin niche, with its AI technology masked behind a dog-themed facade.
This juncture has drawn significant attention to the project, enabling its presale to skyrocket in notoriety.
WienerAI’s central proposition is an AI-enhanced trading bot that helps users make better trading decisions.
They can ask questions or outline criteria, and the bot will scour the market for the best trading opportunities.
And it doesn’t stop there. Once it finds a suitable cryptocurrency, users can take advantage of its instant, fee-free, MEV-resistant, and noob-friendly trade execution. This means no more long wait times or getting front-run by MEV bots when buying crypto on-chain.
Leading analysts have rallied behind this cutting-edge use case, with the Crypto News YouTube channel suggesting that it has 100x potential.
The project also offers a staking layer that rewards users for locking up their tokens. They can currently earn a 201% APY, but this will decrease as the staking pool grows.
At the same time, the WienerAI presale price will gradually increase throughout the campaign.
With that in mind, prospective investors would be well-suited to get in as early as possible and secure the most value.
Tesla Shareholders Approve Elon Musk’s Historic $56 Billion Pay Deal
The post Tesla Shareholders Approve Elon Musk’s Historic $56 Billion Pay Deal appeared first on Coinpedia Fintech News
Tesla shareholders showed tremendous support as they strongly voted in favor of Elon Musk’s $56 billion pay package and the relocation of the company’s legal headquarters to Texas. Musk expressed gratitude for the shareholders’ support despite the legal challenges. Notably, it is the largest pay deal in U.S. corporate history, which the Tesla board believes should be awarded to Musk for achieving specific market value, revenue, and profitability milestones. A Delaware judge had previously criticized the board, citing the amount as ‘unfathomable’ and pointing out the failure to ensure proper shareholder consent.
Tesla shareholders showed tremendous support as they strongly voted in favor of Elon Musk’s $56 billion pay package and the relocation of the company’s legal headquarters to Texas. Musk expressed gratitude for the shareholders’ support despite the legal challenges. Notably, it is the largest pay deal in U.S. corporate history, which the Tesla board believes should be awarded to Musk for achieving specific market value, revenue, and profitability milestones. A Delaware judge had previously criticized the board, citing the amount as ‘unfathomable’ and pointing out the failure to ensure proper shareholder consent.
Ethereum Is Mirroring Bitcoin’s Price Action: Is This a Good News or Bad News?
The post Ethereum is mirroring Bitcoin’s price action: Is this a good news or bad news? appeared first on Coinpedia Fintech News
Analyst Josh of Crypto World said that the Bitcoin price is now flashing a new short-term signal that requires attention and Ethereum is rejecting key resistance after bouncing from key support. As soon as the new CPI numbers were released, showing 3.3% year-over-year inflation, Bitcoin saw a quick pump in price.
This was followed by the Federal Reserve’s meeting, where they decided to keep interest rates unchanged. However, the Fed hinted at fewer rate cuts later this year, potentially only one instead of the two to three cuts many expected. This led to a “buy the rumor, sell the news” scenario: the bullish CPI numbers caused an initial pump, but the Fed’s more cautious stance on rate cuts led to a retracement of those gains.
What’s next for Bitcoin?
The analyst noted that the recent events negatively impacted Bitcoin’s price. Currently, the Bitcoin charts show a period of consolidation in the short term, while maintaining a larger bullish trend on longer time frames.
Additionally, Bitcoin is forming an inverse Head and Shoulders pattern, a bullish indicator, contingent on breaking above the $71.7K to $74K resistance levels. The potential target for this breakout is around $86K to $87K.
Support for Bitcoin is currently at $67K to $68K, with resistance between $72K and $74K, leading to a neutral outlook while the price remains in this range.
What’s next for Ethereum?
The analyst then said that in the short term, Ethereum recently bounced off the 38.2% Fibonacci level of support, around $3,480, on the logarithmic settings. Below this level, the 50% retracement support is at approximately $3,340, and the golden pocket support lies between $3,170 and $3,220.
On the 8-hour ETH to USD chart, Ethereum’s price mirrored Bitcoin’s action by bouncing from around $3,450 but is now facing resistance at the golden pocket area, between $3,600 and $3,650. If ETH breaks above $3,650 with confirmed candle closes, further resistance is expected between $3,800 and $3,900.
What’s next for Solana?
Moving on to Solana, he said that the coin is showing similar price action to Ethereum. Solana has bounced almost perfectly from the support area between $140 and $144, specifically around $145. It is now encountering strong resistance at $160, which has been a significant level of support and resistance in the past. If Solana breaks and closes above $160, the next resistance zone is between $170 and $175. However, as long as Solana remains between this support and resistance, it is likely to continue trading in a choppy sideways range in the short term.
Analyst Josh of Crypto World said that the Bitcoin price is now flashing a new short-term signal that requires attention and Ethereum is rejecting key resistance after bouncing from key support. As soon as the new CPI numbers were released, showing 3.3% year-over-year inflation, Bitcoin saw a quick pump in price.
This was followed by the Federal Reserve’s meeting, where they decided to keep interest rates unchanged. However, the Fed hinted at fewer rate cuts later this year, potentially only one instead of the two to three cuts many expected. This led to a “buy the rumor, sell the news” scenario: the bullish CPI numbers caused an initial pump, but the Fed’s more cautious stance on rate cuts led to a retracement of those gains.
What’s next for Bitcoin?
The analyst noted that the recent events negatively impacted Bitcoin’s price. Currently, the Bitcoin charts show a period of consolidation in the short term, while maintaining a larger bullish trend on longer time frames.
Additionally, Bitcoin is forming an inverse Head and Shoulders pattern, a bullish indicator, contingent on breaking above the $71.7K to $74K resistance levels. The potential target for this breakout is around $86K to $87K.
Support for Bitcoin is currently at $67K to $68K, with resistance between $72K and $74K, leading to a neutral outlook while the price remains in this range.
What’s next for Ethereum?
The analyst then said that in the short term, Ethereum recently bounced off the 38.2% Fibonacci level of support, around $3,480, on the logarithmic settings. Below this level, the 50% retracement support is at approximately $3,340, and the golden pocket support lies between $3,170 and $3,220.
On the 8-hour ETH to USD chart, Ethereum’s price mirrored Bitcoin’s action by bouncing from around $3,450 but is now facing resistance at the golden pocket area, between $3,600 and $3,650. If ETH breaks above $3,650 with confirmed candle closes, further resistance is expected between $3,800 and $3,900.
What’s next for Solana?
Moving on to Solana, he said that the coin is showing similar price action to Ethereum. Solana has bounced almost perfectly from the support area between $140 and $144, specifically around $145. It is now encountering strong resistance at $160, which has been a significant level of support and resistance in the past. If Solana breaks and closes above $160, the next resistance zone is between $170 and $175. However, as long as Solana remains between this support and resistance, it is likely to continue trading in a choppy sideways range in the short term.
Play-to-Earn Meme Coin Project PlayDoge Raises $4M in Trending Presale
The post Play-to-Earn Meme Coin Project PlayDoge Raises $4M in Trending Presale appeared first on Coinpedia Fintech News
PlayDoge ($PLAY) is a new cryptocurrency that has taken the market by storm after raising $4 million in its opening three weeks of presale.
This milestone comes as the team launches staking on Ethereum, in addition to its original staking on BNB Smart Chain.
The latter remains PlayDoge’s primary residence, with its Play-to-Earn (P2E) game set to launch there.
PlayDoge is a remake of the hit 1990s Tamagotchi game, featuring the iconic Doge meme as its mascot. 6 of the top 10 biggest meme coins by market cap are inspired by the meme, which reflects PlayDoge’s entrenchment within crypto meme coin culture.
The PlayDoge game offers a fun and immersive gaming experience where users care for their 8-bit pet to earn rewards.
For those seeking to capitalize on the project’s potentially massive upside ahead of the game launch, the PlayDoge presale offers an opportunity to get in from the ground floor.
Currently available at $0.00507, this might be the last chance to buy at such a low price.
Incremental price hikes are built into the PlayDoge presale, and the token’s inherent utility and meme coin allure indicate a continuous flow of demand once it hits the open market.
The next presale price hike will occur in one day or when the total raise hits $4.6 million.
Meme coins and gaming are on fire.
Meme coins and gaming projects have enjoyed unwavering success recently, and now, PlayDoge wants to take a piece of the action.
The meme coin narrative is seriously heating up, with many leading players outpacing their more conservative counterparts.
For perspective, BTC is up 11% this month, while Pepe is up 50%, Bonk is up 21%, and Brett is up over 300%.
And it’s not just “pure” meme coins that outperform, either. For instance, P2E meme coin-hybrid Floki has jumped 40% this month and an eye-watering 895% this year.
Floki is developing a P2E game called Valhalla, pitting it against PlayDoge in the P2E meme coin domain. However, Floki’s market cap is $2 billion, reflecting the substantial growth potential for $PLAY.
Adding to the excitement, the gaming market is set to expand in the coming years. A report from Precedence Research expects it to climb to a $655 billion valuation by 2033.
One of the industry’s latest innovations is P2E gaming, which redistributes value to players. Currently, the sector sits at an $11.8 billion market cap, according to CoinGecko.
Retrofitting Tamagotchi with modern P2E functionality
PlayDoge is far from your average meme coin. It intertwines the nostalgic allure of Tamagotchi with cutting-edge P2E dynamics to establish a captivating ecosystem underpinned by value.
Tamagotchi sold over 82 million units, so there’s a huge pool of people who will be delighted to relive their childhood lore while earning crypto rewards.
By interacting with their pets, players will rack up XP points, which pushes them up the project’s leaderboard and enables them to earn more $PLAY tokens.
PlayDoge also dials down the original game’s notorious difficulty, providing a more accessible and enjoyable experience for all participants.
Another way to earn $PLAY is through staking. The staking mechanism is live and currently offers 217% APY for Ethereum users and 87% APY for BNB users.
While appealing to fans of the original game, PlayDoge’s P2E twist enables players to monetize their experience, creating a favourable juncture within the crypto gaming and meme coin domains.
PlayDoge is exposed to three hot crypto sectors
Given its position at the intersection of meme coins, P2E, and the gaming remake niches, PlayDoge has plenty of room to grow.
Last year was deemed the golden age for gaming remakes, driven by nostalgia and tech advancements. And that’s not to mention sales of gaming remakes almost doubling between 2018 and 2020.
Combining this with contemporary technology trends like meme coins and P2E, the breadth of PlayDoge’s potential becomes all too apparent.
As such, analysts are highly bullish on the new presale. For example, Jacob Bury provided a price prediction, suggesting the project could 10x.
Others have taken it even further, with the Crypto News YouTube channel speculating the project holds 100x potential.
Be first in line to PlayDoge’s Tamagotchi-inspired game with $PLAY
As mentioned, the PlayDoge platform is currently under development, but the high-octane presale provides early exposure to the project.
50% of the token’s total supply is allocated to the presale, with the remaining 50% going towards community rewards, liquidity, marketing, project funds, and staking.
Given that PlayDoge’s primary blockchain is BNB Smart Chain, the project’s early success could well catch the eye of Binance’s listing team. It would not be the first time Binance lists a meme coin early.
The exchange-listed Book of Meme within two days of its launch, which skyrocketed its market cap to over $1 billion.
PlayDoge has also been audited by Solid Proof, a third-party blockchain security firm, attesting to the project’s robustness and transparency.
Take advantage of the low PlayDoge presale price. Follow the project on X or join its Telegram to keep updated. Alternatively, visit its website to buy and stake tokens.
PlayDoge ($PLAY) is a new cryptocurrency that has taken the market by storm after raising $4 million in its opening three weeks of presale.
This milestone comes as the team launches staking on Ethereum, in addition to its original staking on BNB Smart Chain.
The latter remains PlayDoge’s primary residence, with its Play-to-Earn (P2E) game set to launch there.
PlayDoge is a remake of the hit 1990s Tamagotchi game, featuring the iconic Doge meme as its mascot. 6 of the top 10 biggest meme coins by market cap are inspired by the meme, which reflects PlayDoge’s entrenchment within crypto meme coin culture.
The PlayDoge game offers a fun and immersive gaming experience where users care for their 8-bit pet to earn rewards.
For those seeking to capitalize on the project’s potentially massive upside ahead of the game launch, the PlayDoge presale offers an opportunity to get in from the ground floor.
Currently available at $0.00507, this might be the last chance to buy at such a low price.
Incremental price hikes are built into the PlayDoge presale, and the token’s inherent utility and meme coin allure indicate a continuous flow of demand once it hits the open market.
The next presale price hike will occur in one day or when the total raise hits $4.6 million.
Meme coins and gaming are on fire.
Meme coins and gaming projects have enjoyed unwavering success recently, and now, PlayDoge wants to take a piece of the action.
The meme coin narrative is seriously heating up, with many leading players outpacing their more conservative counterparts.
For perspective, BTC is up 11% this month, while Pepe is up 50%, Bonk is up 21%, and Brett is up over 300%.
And it’s not just “pure” meme coins that outperform, either. For instance, P2E meme coin-hybrid Floki has jumped 40% this month and an eye-watering 895% this year.
Floki is developing a P2E game called Valhalla, pitting it against PlayDoge in the P2E meme coin domain. However, Floki’s market cap is $2 billion, reflecting the substantial growth potential for $PLAY.
Adding to the excitement, the gaming market is set to expand in the coming years. A report from Precedence Research expects it to climb to a $655 billion valuation by 2033.
One of the industry’s latest innovations is P2E gaming, which redistributes value to players. Currently, the sector sits at an $11.8 billion market cap, according to CoinGecko.
Retrofitting Tamagotchi with modern P2E functionality
PlayDoge is far from your average meme coin. It intertwines the nostalgic allure of Tamagotchi with cutting-edge P2E dynamics to establish a captivating ecosystem underpinned by value.
Tamagotchi sold over 82 million units, so there’s a huge pool of people who will be delighted to relive their childhood lore while earning crypto rewards.
By interacting with their pets, players will rack up XP points, which pushes them up the project’s leaderboard and enables them to earn more $PLAY tokens.
PlayDoge also dials down the original game’s notorious difficulty, providing a more accessible and enjoyable experience for all participants.
Another way to earn $PLAY is through staking. The staking mechanism is live and currently offers 217% APY for Ethereum users and 87% APY for BNB users.
While appealing to fans of the original game, PlayDoge’s P2E twist enables players to monetize their experience, creating a favourable juncture within the crypto gaming and meme coin domains.
PlayDoge is exposed to three hot crypto sectors
Given its position at the intersection of meme coins, P2E, and the gaming remake niches, PlayDoge has plenty of room to grow.
Last year was deemed the golden age for gaming remakes, driven by nostalgia and tech advancements. And that’s not to mention sales of gaming remakes almost doubling between 2018 and 2020.
Combining this with contemporary technology trends like meme coins and P2E, the breadth of PlayDoge’s potential becomes all too apparent.
As such, analysts are highly bullish on the new presale. For example, Jacob Bury provided a price prediction, suggesting the project could 10x.
Others have taken it even further, with the Crypto News YouTube channel speculating the project holds 100x potential.
Be first in line to PlayDoge’s Tamagotchi-inspired game with $PLAY
As mentioned, the PlayDoge platform is currently under development, but the high-octane presale provides early exposure to the project.
50% of the token’s total supply is allocated to the presale, with the remaining 50% going towards community rewards, liquidity, marketing, project funds, and staking.
Given that PlayDoge’s primary blockchain is BNB Smart Chain, the project’s early success could well catch the eye of Binance’s listing team. It would not be the first time Binance lists a meme coin early.
The exchange-listed Book of Meme within two days of its launch, which skyrocketed its market cap to over $1 billion.
PlayDoge has also been audited by Solid Proof, a third-party blockchain security firm, attesting to the project’s robustness and transparency.
Take advantage of the low PlayDoge presale price. Follow the project on X or join its Telegram to keep updated. Alternatively, visit its website to buy and stake tokens.
UWU Lend Hit With Second Attack in a Row, Losses Reach Upto $3.7 Million
The post UWU Lend Hit with Second Attack in a Row, Losses Reach Upto $3.7 Million appeared first on Coinpedia Fintech News
UWU lend, a defi lending protocol, has become the latest victim of a hacker attack two times in a row. According to the We 3 security firm Cyvers alerts, the hacker applied the same hack method as the previous one, targeting UWU lends liquidity pools. The stolen assets, nearly $3.7 million, were converted to ETH and stored at the hacker’s address. This comes days after UWU lend suffered a $20 million hack due to Oracle price manipulation by the same hacker.
UWU lend, a defi lending protocol, has become the latest victim of a hacker attack two times in a row. According to the We 3 security firm Cyvers alerts, the hacker applied the same hack method as the previous one, targeting UWU lends liquidity pools. The stolen assets, nearly $3.7 million, were converted to ETH and stored at the hacker’s address. This comes days after UWU lend suffered a $20 million hack due to Oracle price manipulation by the same hacker.