The post Cardano Founder Hoskinson Plans To Collab with Elon Musk – But There’s a Twist! appeared first on Coinpedia Fintech News

The Cardano community has been abuzz with rumor and speculation as Cardano founder Charles Hoskinson has unveiled plans to potentially engage with the famed American businessman and Tesla CEO, Elon Musk. This discloser came in response to an inquiry from an X user about whether Hoskinson had previously interacted with Musk.

Saving “the Card” for “Something Big”

In a recent interaction on X, a crypto user posed a direct question to Charles Hoskinson, the founder of Cardano. The user inquired, “Have you hit up Elon Musk? I’m sure billionaires have some sort of group chat going on. But for real, I’m sorry, man. It sucks when they don’t even tell you what you did wrong.”

You only get to pull that card once. I'm saving it for something big

— Charles Hoskinson (@IOHK_Charles) June 1, 2024

Hoskinson’s response shed light on his strategic approach to engaging with high-profile figures like Musk. He replied, “You only get to pull that card once. I’m saving it for something big.”

This statement suggests that Hoskinson is waiting for a particularly significant moment before reaching out to Musk, indicating the importance he places on making such a connection count. 

This news has fueled a 3% surge in Cardano’s price, bringing it to $0.46. The market cap now stands at $16.2 billion. Reflecting this positive trend, the trading volume has also increased by 4%, reaching $301 million.

Previous Interactions and Proposals

This is not the first time Hoskinson has considered working with Musk. In April 2022, amid speculation about Musk’s interest in acquiring Twitter, Hoskinson proposed collaborating on a decentralized version of the platform. 

@elonmusk Elon if Twitter rejects your offer, then hit me up. Happy to build a decentralized one

— Charles Hoskinson (@IOHK_Charles) April 14, 2022

While there were rumors of a meeting between Hoskinson and Musk at X headquarters, these were neither confirmed nor denied by Hoskinson. A collaboration between Hoskinson and Musk could have far-reaching implications for the cryptocurrency market, particularly for Cardano and its native token, ADA. 

Musk’s Influence To Surge ADA

Musk’s influence in the crypto space is well-documented, with his backing often causing significant market movements. For example, Musk’s support for Dogecoin dramatically increased its value, reaching an all-time high of $0.7376 in May 2021. A similar endorsement for Cardano could potentially drive ADA’s price to unprecedented levels.

How Cardano Price Will React

Looking at the technical analysis, the RSI has breached the 50-level on the 4-hour chart for the first time since it fell below it on May 23, suggesting a bullish divergence formation. This setup indicates that momentum is rising, which has already triggered a 15% increase in ADA’s price. 

If this trend continues, ADA could climb further to revisit the $0.496 and $0.52 resistance levels.

In a recent post, Cardano's creator, Charles Hoskinson, addressed concerns about the blockchain's scalability. He highlighted the availability of sufficient funds in the treasury to support an ambitious Leios, Hydra and ZK program if the community chooses to pursue it.

Hoskinson also highlighted the potential for a parallel approach, citing the existing infrastructure and talent within the Cardano (ADA) ecosystem. He expressed optimism about the potential for rapid progress, citing the substantial enhancements witnessed over the past two years.

card

The Cardano community has been engaged in discussions regarding scalability, particularly in light of the blockchain's growing competition, including platforms like Solana and Ethereum. The CTO of Sundae Labs, a prominent ADA enthusiast, supported a debate by rooting for Leios, a novel design for Cardano's data computation algorithm.

For those discussing scaling, there is enough money in the treasury to pursue an aggressive Leios, Hydra, and ZK program if the community wants to go in this direction. I'd advocate to continue the parallel approach given that we have the infrastructure and talent to do it. I…

— Charles Hoskinson (@IOHK_Charles) June 2, 2024

Another noteworthy innovation is Hydra, a layer-2 scaling solution. By creating a network of parallel processing nodes, Hydra seeks to boost transaction throughput and minimize latency on the blockchain. This initiative promises to elevate Cardano's capacity to handle a higher volume of transactions while maintaining security and decentralization.

Community's opinion

Following Hoskinson's remarks, numerous contributors and developers within the Cardano ecosystem weighed in on the matter. Some expressed enthusiasm for scalability, while cautioning against depleting the treasury too rapidly as it could affect ADA's price.

card

All in all, the sentiment among many in the community echoed a desire for scalable solutions that would enable applications to perform optimally. What is more important is that while acknowledging the current challenges, there was collective optimism regarding the ongoing improvements within the ecosystem.

or in the situation. Memes and jokes have circulated online, playfully referring to ADA as a stablecoin.
One widely shared meme with over 112,000 views on X at press time depicts the Grim Reaper repeatedly knocking on a door labeled “45 Cents,” representing ADA’s price. This resulted in responses with community members reminiscing about when ADA exhibited similar behavior around $0.5 and $1. Some also took the lighthearted approach of calling ADA a stablecoin.
Cardano Creator Responds
Charles Hoskinson, the founder of Cardano, has acknowledged the community’s sentiment. While typically reserved on ADA’s price, Hoskinson recently engaged with the meme, sharing his version featuring a bewildered Grim Reaper confronted by ADA’s unmoving price.
This subtle response suggests Hoskinson recognizes the community’s concerns about ADA’s future price movements. Despite many bullish predictions, ADA is yet to show convincing upward momentum.
Understanding Price Consolidation
Historically, ADA has exhibited similar periods of price consolidation. Its long-term price chart reveals instances where the token’s value remained stable for extended durations. For example, five years ago, ADA consistently traded around $0.04, and in 2021, it experienced a period of stability at around $1 which one of the responders highlighted.
This period is also not ADA’s first consolidation around $0.45. However, a crucial distinction exists between the current trend and past instances of stagnation. Whereas prior periods often led to downward price movements, current market indicators suggest a potential upward trajectory for ADA.
Looking Ahead
While the short-term price movements of ADA remain uncertain, the project’s long-term prospects hold promise. Cardano’s focus on scalability, security, and sustainability has garnered significant interest from developers and potential users. Continued development of the Cardano blockchain and its ecosystem could lead to increased adoption and, consequently, a rise in the value of ADA.
Many analysts have set bullish targets for ADA. Some believe it can surpass its all-time high by 2025, and others believe the digital asset has more potential, setting targets as high as $11 for the current bull cycle. ADA’s current price stability represents a period of consolidation, not stagnation.
⚠️Disclaimer
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#Cardano #ADA

Cardano (ADA) is currently experiencing a modest uptick. As of June 2, 2024, ADA is trading at $0.4514, reflecting a 0.76% increase over the past 24 hours.
After a good performance on the first day of June, we consulted ChatGPT to see how well ADA would perform for the rest of the month. The AI-powered chatbot currently hints at a positive month for the cryptocurrency.
When queried about ADA’s price on June 30, 2024, ChatGPT offered a bullish outlook. The LLM predicted a significant rise of 66.14%, suggesting a price target of $0.75 by the month’s end.
While past performance does not always determine future results, analyzing historical data alongside LLM predictions can provide valuable insights for investors. It’s important to remember that the cryptocurrency market is volatile and unforeseen circumstances can dramatically impact price movements. However, exploring potential price targets can be a helpful tool for informed decision-making.
How Can Cardano (ADA) Reach this Target? 
With confidence in an upcoming ADA ETF, ChatGPT highlighted some factors that could contribute to Cardano reaching the target. Some of these are:
Developments on the Cardano Network: Cardano is a research-driven project, and the continued development and implementation of new features and functionalities on the Cardano blockchain could bolster investor confidence.
Market Sentiment: Overall market sentiment significantly impacts individual cryptocurrency prices. A positive industry sentiment, with increased interest and investment, flowing into the crypto space, could potentially drive ADA’s price upwards. Negative sentiment or widespread market downturns could hinder its climb.
Adoption and Use Cases: Increased adoption of Cardano by businesses and developers for real-world applications could significantly influence its price. A growing number of use cases for the Cardano blockchain would demonstrate its utility and potential, attracting further investment.
However, it’s crucial to acknowledge that ChatGPT’s prediction is just a prediction. Several factors beyond the scope of this article can influence ADA’s price by June 30. Investors should conduct thorough research, consider risk tolerance, and develop a proper investment strategy before making financial decisions.
Despite the uncertainties in the market,  ChatGPT’s prediction offers a glimpse into the potential future of Cardano. The coming weeks will be crucial in determining whether ADA can maintain its current momentum and reach the target price. A prominent analyst recently predicted a 15x surge for ADA, and June could be the month ADA begins that run.
⚠️Disclaimer
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#Cardano #ADA

According to CoinDesk, the CoinDesk Indices (CDI) has released its bi-weekly market update, providing insights into the performance of the CoinDesk 20 Index (CD20) and the CoinDesk Market Index (CMI). Over the past week, the CD20 has seen a 1.3% decline, with nine out of the 20 assets in the index experiencing a drop of more than 4%.

Despite this overall decline, the index's largest component, Bitcoin, showed a positive trend, advancing 1.3% and momentarily surpassing the $70,000 mark. Cardano was the only other constituent of the CD20 to record a positive performance over the past week, with a modest 0.8% increase.

On the other hand, Uniswap, another constituent of the CD20, was the worst performer, losing 14% of its value. This drop was attributed to a delay in a governance vote concerning rewards for token holders.

The CD20 tracks the performance of top digital assets and can be invested in through multiple platforms. The broader CMI includes approximately 180 tokens and covers seven crypto sectors: currency, smart contract platforms, DeFi, culture & entertainment, computing, and digitization.

Cardano’s ADA stagnating around the $0.45 mark has captured the attention of investors and enthusiasts alike. Against a back drop of uncertainty and speculation, the Cardano community has rallied to decipher the enigma of ADA’s price stability, drawing insights from unexpected quarters—including Cardano’s own founder, Charles Hoskinson. Join us as we embark on a journey into the heart of ADA’s stagnation, exploring community reactions, unraveling Hoskinson’s surprising response, and uncovering the deeper implications for Cardano’s ecosystem.&middot

For the full story, head over to TheCurrencyAnalytics.com.

According to U.Today, Charles Hoskinson, the creator of Cardano, recently addressed concerns about the scalability of the blockchain. He emphasized that there are enough funds in the treasury to support an ambitious Leios, Hydra, and ZK program if the community decides to pursue it. Hoskinson also pointed out the potential for a parallel approach, leveraging the existing infrastructure and talent within the Cardano ecosystem. He expressed optimism about the potential for rapid progress, citing the significant improvements seen over the past two years.

The Cardano community has been engaged in discussions about scalability, especially in light of the growing competition from other blockchain platforms like Solana and Ethereum. The CTO of Sundae Labs, a prominent ADA enthusiast, supported a debate by advocating for Leios, a new design for Cardano's data computation algorithm. He stated that there is enough money in the treasury to pursue an aggressive Leios, Hydra, and ZK program if the community wishes to go in this direction.

Another significant innovation is Hydra, a layer-2 scaling solution. By creating a network of parallel processing nodes, Hydra aims to increase transaction throughput and reduce latency on the blockchain. This initiative promises to enhance Cardano's ability to handle a higher volume of transactions while maintaining security and decentralization.

Following Hoskinson's comments, several contributors and developers within the Cardano ecosystem shared their thoughts on the matter. Some expressed enthusiasm for scalability, while cautioning against depleting the treasury too quickly as it could affect ADA's price. Overall, the sentiment among many in the community reflected a desire for scalable solutions that would enable applications to perform optimally. While acknowledging the current challenges, there was collective optimism regarding the ongoing improvements within the ecosystem.

The post Here are the Altcoins that may Enter the Top 10: What’s Next? appeared first on Coinpedia Fintech News

The current market dynamics have been favouring the altcoins that have gained traction and attention, outperforming the popular ones like XRR or ADA. After being very close to the top 5, Cardano is now feared of getting expelled from the top 10. Besides, XRP & Dogecoin have also remained within the range but have not displayed any huge moves. 

Having said that, what is the probability of them getting replaced by the rising altcoins like PEPE, LINK or any other promising token?

All the cryptos within the top 10 other than Toncoin (TON) have slipped into a bearish position as the selling pressure is slowly mounting over them. Secondly, not all of them in the range are the top traded assets, as a significant volume has been flowing into FDUSD, NOT and PEPE. Therefore, this raises the speculation of other promising tokens entering the top 10–15 spots, which may be a matter of concern for some of the tokens. 

Below are the altcoins which can make it to the top 10 during the next bullish wave. 

Pepe (PEPE) 

Shiba Inu (SHIB) 

Avalanche (AVAX) 

Among all the top 10 tokens, 2 cryptos have been recording lower volumes comparatively, i.e. Toncoin & Cardano. Pepe, on the other hand, is constantly achieving over a billion volumes in the past few days. Although FLOKI also has a higher volume than SHIB, LINK, or AVAX, it would be very difficult for it to reach the top 20 initially. 

Besides, Shiba Inu has been consolidating above the key support zone at $0.00002 for more than 45 days and hence a bullish rebound is expected. Secondly, Avalanche (AVAX) price broke down from the rising channel and the bulls are utilising all their strength to prevent the descending trend and trigger a healthy rebound. On the contrary, low volume and low volatility are slowly increasing the selling pressure on the ADA price, which is feared to exit if the bulls continue to remain passive.

Buyers are coming back to the game, according to CoinStats.

Top coins by CoinStatsADA/USD

The price of Cardano (ADA) has risen by 0.67% since yesterday.

Image by TradingView

On the daily chart, the rate of ADA is again testing the resistance of $0.446. If it breaks out, the rise may lead to a test of the $0.4650 zone soon. Such a scenario is relevant until the end of the week.

ADA is trading at $0.4550 at press time.

BNB/USD

Binance Coin (BNB) is one of the biggest gainers today, rocketing by 6%.

Image by TradingView

The price of BNB is on its way to the resistance of $645.2. The volume has increased, which means the accumulated energy might be enough for a breakout.

card

However, it might happen only if the bar closes near the level, with no long wick.

BNB is trading at $637 at press time.

Charles Hoskinson’s vision for Cardano focuses on security, scalability, and interoperability.

Cardano’s methodical development and partnerships highlight its potential despite its lower popularity than Bitcoin.

Cardano’s proof-of-stake mechanism and smart contracts offer energy-efficient, decentralized applications.

A newly released YouTube video explores the journey and vision of Charles Hoskinson, a co-founder of Ethereum, who created Cardano to address the limitations of existing blockchain systems.

After dropping out of college, Hoskinson mined Bitcoin in 2013 and founded the Bitcoin Education Project, educating thousands about cryptocurrency. However, the challenges of modifying blockchain code post-launch inspired him to conceive a new blockchain.

Hoskinson’s vision solidified at the 2014 North American Bitcoin Conference, where he met Vitalik Buterin, leading to Ethereum’s creation. However, their differing visions on a for-profit model led to Hoskinson’s departure and the formation of Input Output Hong Kong (IOHK) with Jeremy Wood. Together, they began developing Cardano, named after historical thinkers.

Cardano prioritizes security, scalability, and interoperability. It was an early adopter of proof-of-stake, aiming for energy efficiency. With a capped supply of 45 billion tokens, Cardano emphasizes a balanced approach to growth. Its treasury system and methodical development have fostered partnerships with African universities, governments, and organizations.

Cardano’s development spans several eras, each with distinct goals. Currently, in the Basho era, it focuses on performance through sidechains. The upcoming Voltaire era will emphasize governance and decentralization. This structured progression underpins Cardano’s steady growth. The market cap reached nearly $100 billion during the last bull run, with a token price peaking at $3.

Comparing Cardano to Bitcoin reveals key differences. Cardano’s proof-of-stake consensus consumes less energy than Bitcoin’s proof-of-work mechanism. Additionally, Cardano’s smart contract functionality enables decentralized applications. Despite its lower popularity and value compared to Bitcoin, Cardano shows promise, and enthusiasts remain optimistic about its future.

The current price of Cardano stands at $0.456957, reflecting a 0.64% increase over the past 24 hours. Its trading volume reached $303,807,565, with a market cap of $16,316,680,096. Meanwhile, Bitcoin’s price is $68,947.05, down 0.26% in the same period, boasting a market cap of $1,358,773,794,405.

Cardano’s circulating supply is 35,707,291,318 ADA coins, with a maximum supply of 45,000,000,000 ADA coins. Bitcoin, in contrast, has a circulating supply of 19,707,496 BTC coins and a maximum supply of 21,000,000 BTC coins.

The post Cardano vs. Bitcoin: A Deep Dive into Charles Hoskinson’s Blockchain Project appeared first on Coin Edition.

Despite its unimpressive price action, ADA seems prepared to pump. Will the token exit the decimals?

This year brings new investment opportunities on the cryptocurrency market, which has started the long-awaited boom. We present seven projects that, according to experts, can bring significant profits in 2024.

Bitcoin (BTC)

Bitcoin remains the “king of cryptocurrencies” due to its deflationary nature and limited supply. After the April 2024 halving, BTC’s value is expected to increase, with predictions reaching as high as $100,000 per coin.

The long-term upside potential comes from growing acceptance as a store of value and speculation about its deficit, which has intensified following the approval of Bitcoin spot ETFs in the United States.

Memereum (MEME)

Memereum, a new star on BNB Smart Chain, quickly gained popularity and investor interest, surpassing AVAX in the DeFi(decentralized finance) sector.

Memereum’s transition to a leadership position in DeFi innovation reflects its commitment to providing unique financial products and emphasis on community-driven development.

Memereum’s products include market fraud insurance,  DeFi card, lending services and a generous 183% APY staking opportunities, making Memereum a top choice for investors looking for reliability  and innovation.

The success of the Memereum pre-sale is a testament to the growing popularity of the project, with over 20 million tokens sold, demonstrating the trust of the community.

Moreover, the planned burning of 50 million tokens is intended to increase the value of $MEME , which, combined with the expected listing price of USD 0.45, indicates potential increase in value of up to 1600% from the pre-sale price.

Click here to participate in the Memereum pre-sale

Memereum differs from other DeFi projects by focusing on individual investor support and community engagement, which increases decentralization and inclusion. This strategy resonates with the values ​​of the DeFi community and fosters a sense of ownership and participation among users.

Additionally, unique NFT rewards for high-value holders and the Beta MemeSwap, the decentralized exchange (DEX) aim to further strengthen Memereum’s position as an innovative leader in crypto trading.

Memereum is therefore an exciting option for investors who want to participate in a modern DeFi project that combines innovative financial products, financial infrastructure and staking in one package, offering huge potential growth in the dynamically developing world of cryptocurrencies.

Click here to participate in the Memereum pre-sale

Binance Coin (BNB)

BNB, the native cryptocurrency of the Binance exchange, uses a token burning model, which may contribute to its increase in value. BNB’s functionality within the Binanceecosystem, which serves millions of users, makes it an attractive investment option due to its growing utility and limited supply.

Solana (SOL)

Solana stands out thanks to its efficiency and low transaction fees, which attracts developers and investors. With the growing ecosystem of decentralized applications (dApps) based on Solana, its value is expected to increase significantly in the coming years.

Cardano (ADA)

Cardano offers a unique approach to scaling and interoperability, which makes it an attractive alternative to Ethereum. With its price expected to rise to $10.3 by 2030, Cardano presents itself as a cryptocurrency with the potential for stable long-term growth.

Dogecoin (DOGE)

Dogecoin, originally a meme, is now becoming an increasingly accepted cryptocurrency. The increase in popularity and support from the community can contribute to its further increase in value.

“With so much support and interest from the cryptocurrency community and society at large, Dogecoin stands out as a unique asset among digital currencies,” it emphasized.

Avalanche (AVAX)

Avalanche is gaining importance thanks to its innovative consensus mechanism that allows transactions to be finalized almost instantly. This, combined with the growing interest in NFTs and potential growth among developers, makes AVAX an extremely promising investment in the cryptocurrency space.

These cryptocurrencies represent a wide range of blockchain applications, from traditional payments to decentralized financial applications, making them key players in a rapidly growing market. Investing in these assets can be an important part of the portfolio of anyone seeking potentially high returns in an increasingly decentralized world of finance.

In summary, this year presents a number of attractive cryptocurrency investment 

opportunities, with Bitcoin (BTC), Binance Coin (BNB), Solana (SOL), Cardano (ADA), Dogecoin (DOGE), and Avalanche (AVAX) as solid options in various aspects of blockchain and DeFi technologies.

However, Memereum (MEME) is emerging as a particularly interesting choice for investors, primarily due to its unique pre-purchase option.

Click here to participate in the Memereum pre-sale

Memereum offers innovative DeFi products such as insurance, lending services, DeFi cards and staking, which in itself sets this project apart from others. 

However, the key factor in favor of Memereum is the fact that investors have the opportunity to purchase MEME tokens at an attractive pre-sale price, which increases the potential return on investment as their value increases to the expected listing price. 

Additionally, community involvement and the planned token burning are intended to further increase the value and attractiveness of this cryptocurrency.

For these reasons, Memereum (MEME) seems to be the most interesting choice in the cryptocurrency market in 2024, especially for investors looking for new, dynamic opportunities in the DeFi space with the additional advantage of pre-sales discounted price.

To learn more about Memereum, visit their:

website, X page, Telegram channel, YouTube channel,Instagram, or Medium. 

Disclaimer: We advise readers to do their own research before interacting with any featured companies. The information provided is not financial or legal advice. Neither CaptainAltcoin nor any third party recommends buying or selling any financial products. Investing in cryptoassets is high-risk; consider the potential for loss. CaptainAltcoin is not liable for any damages or losses from using or relying on this content.

The post Top 7 cryptocurrencies to invest in 2024. Don’t miss this bull market appeared first on CaptainAltcoin.

According to U.Today, the Cardano community has been engaging in humor and speculation as the ADA token maintains a steady price around the $0.45 mark. This price stability has led to the creation of various memes and jokes, with enthusiasts humorously referring to the token as a 'stablecoin.' One popular meme depicts the Grim Reaper knocking on doors labeled $0.45 per ADA token, symbolizing the token's stable price level.

Charles Hoskinson, the founder of Cardano, known for rarely commenting on the ADA price, joined in the community's humorous take on the situation. He shared his own version of the Grim Reaper meme, showing Death in disbelief at ADA's unyielding price. While humorous, Hoskinson's response subtly acknowledged the curiosity and frustration surrounding ADA's price movements.

Historically, ADA has experienced similar periods of price stagnation. A review of its monthly chart reveals a pattern of prolonged stability at certain price points. Five years ago, ADA hovered around $0.04, and in 2021, it hovered near $1 per token. The current price level of $0.45 is not unprecedented; it has tested traders' patience before. However, unlike the downward trajectory of two years ago, the current trend appears to be upward.

The critical question on the minds of Cardano enthusiasts is whether this stability indicates a bullish accumulation phase. If ADA is indeed poised for an upward surge, the waiting period may seem more bearable. However, the unpredictable nature of the cryptocurrency market means that certainty is elusive.

Despite predictions and historical trends, Bitcoin’s bull run may not last. On the other hand, Cardano’s outlook appears bullish after climbing above the 200-day moving average, but there’s caution over the sustainability of these gains. BlockDAG unveiled its 2 keynote from a celestial vantage point, revealing numerous pivotal updates. These included the debut of the X1 Miner app, enhancements to the blockchain infrastructure, the introduction of its fully human team, and additional innovations. 

As a result, presale figures surged, accumulating nearly $40.8 million and advancing to batch 16 at $0.0095. This represents an 850% increase from the initial price of $0.001, positioning BlockDAG as a standout contender among the best altcoins for 2024.

Predictions on the Sustainability of the Bitcoin Bull Run

Bitcoin’s [BTC] bull run may be short-lived, despite predictions by crypto analyst Axel Adler. Data from CryptoQuant shows prices just 4.2% below the ATH from two months ago, and short-term holder profits suggest potential gains.

However, the 7-day moving average of Open Interest is only up 9%, compared to 20% during previous peaks. Additionally, the RSI remains below 70, indicating weak bullish momentum. Historical data suggests a potentially lasting bull run, but the current indicators raise doubts about its sustainability.

Cardano Predictions: Caution Over Sustainability

Cardano (ADA) has been a hot topic in crypto circles this week, with analysts like Sssebi predicting a potential bull run. However, while ADA has climbed above the 200-day moving average (200MA) on the 4-hour chart, suggesting a bullish signal, the sustainability of this trend remains uncertain.

Despite the recent retest and bounce from the 200MA with high trading volume, the market’s future direction is unclear. Increased trading volume indicates high market interest, but the recent gains may be short-lived. Sssebi’s analysis has resonated with the crypto community, but he emphasises the importance of independent research before investing.

BlockDAG’s Keynote 2 Unveils Revolutionary Updates

BlockDAG’s second keynote video, broadcasted from the moon, further fueled the already surging presale. Advancing to Batch 16, priced at $0.0095, marks an impressive 850% increase from the initial batch. The presale has garnered nearly $40.8 million, selling more than 10.6 billion BDAG coins. With daily earnings currently at $500,000, projections indicate that BlockDAG could reach $5 million daily, underscoring significant investor enthusiasm.

The keynote covered several crucial updates, including the X1 Mobile Miner app and the Beta version of the X1, accessible on both Android and Apple platforms. It also highlighted enhancements to the blockchain and the revelation of BlockDAG’s exclusively human team. Emphasising the effectiveness of BlockDAG’s Directed Acyclic Graph (DAG) implementation, the keynote showcased its superior scalability and transaction speed compared to conventional blockchains. These advancements enable users to mine BDAG coins and enhance earnings in preparation for the mainnet launch.

Moreover, the low-code and no-code functionalities streamline decentralised application development within the BlockDAG ecosystem. This method offers advantages to smart contracts, meme coins, and NFTs by empowering users to design and launch applications through intuitive drag-and-drop interfaces, eliminating the need for conventional coding. This facilitates quicker prototyping and diminishes development time, ensuring competitiveness in the rapidly evolving crypto market.

Final Word

Despite predictions and historical data suggesting otherwise, Bitcoin’s bull run might not be prolonged. Meanwhile, Cardano’s outlook appears bullish, but there’s caution over the sustainability of these gains.

In contrast, BlockDAG’s innovative advancements, highlighted in the lunar-streamed Keynote 2, have significantly boosted interest and investment in their ecosystem.  The release of the X1 Miner app beta, low-code/no-code development features, and the emphasis on their efficient DAG implementation underscores BlockDAG’s commitment to scalability and user-friendly technology. With an impressive presale performance marking an 850% price surge and growing investor confidence,  positioning BlockDAG as one of the best altcoins for 2024.

Join BlockDAG Presale Now:

Website: https://blockdag.network

Presale: https://purchase.blockdag.network

Telegram: https://t.me/blockDAGnetworkOfficial

Discord: https://discord.gg/Q7BxghMVyu

The post BlockDAG’s Lunar Keynote Release Drives Price Up 850%, Surpassing Bitcoin Bull Run and Cardano Predictions appeared first on Metaverse Post.

In the rapidly advancing world of decentralised finance (DeFi), Retik Finance (RETIK) has emerged as a significant Cardano (ADA) competitor. Retik Finance is making waves by addressing key issues such as high transaction fees and slow processing times. Meanwhile, Starknet has recently made headlines with a $25.2 million token grant through its Catalyst programme, which aims to boost development across a wide range of blockchain applications. 

However, BlockDAG is currently capturing the most attention with its Keynote 2 event, which has sparked significant interest and led to an impressive presale achievement. The presale has raised $41.6 million, with tokens priced at $0.0095 and predictions that the price could reach $10 by 2025. This makes now an excellent time to consider investing in crypto, especially with such promising developments on the horizon.

Retik Finance: A Cardano (ADA) Competitor in DeFi

Retik Finance (RETIK) has quickly become a notable competitor to Cardano (ADA) in the DeFi sector. The platform is gaining attention for its ability to address common issues such as high transaction fees, slow processing times, and security vulnerabilities. 

Retik Finance offers a range of solutions that improve user experience and challenge existing protocols. The platform’s rapid rise is evident from its market cap, which has reached $3 billion. This success is underpinned by Retik Finance’s focus on technological strength and user-centric features. These factors contribute to its potential to remain a strong competitor to Cardano (ADA) in the DeFi space, offering a robust alternative to traditional financial systems.

Starknet Crypto News: Enhancing Ecosystem with $25.2M in Token Grants

Recent news from Starknet highlights the Starknet Foundation’s efforts to propel the development of high-quality projects within its network. The Catalyst programme will distribute $25.2 million worth of Starknet tokens to 21 standout initiatives. This move aims to enhance the utility of Starknet’s Ethereum layer-2 scaling solution. 

The programme supports established and emerging projects, showcasing applications ranging from DeFi protocols to on-chain gaming. This strategic funding is essential for promoting the wider adoption of blockchain technologies. By following Starknet crypto news, one can see how these investments will impact the broader Ethereum ecosystem, driving innovation and growth. 

Why BlockDAG Stands Out as a Premier Investment Opportunity

BlockDAG’s recent Keynote 2 event, which was broadcast from the moon, has generated significant buzz in the crypto community. Following a high-profile event in London’s Piccadilly Circus, BlockDAG has demonstrated its innovative capabilities within the cryptocurrency sector. The highlight of the keynote was the introduction of the X1 Miner Beta App, poised to revolutionise crypto mining. 

The X1 Miner App has completed its initial development phase and extensive testing, which included designing the user interface and onboarding processes. The app’s beta version is now available, enhancing user interaction with features like a digital wallet and community engagement tools, accessible on both Android and Apple platforms. This surge of interest has significantly boosted BlockDAG’s presale, raising $41.6 million. The current presale tokens are priced at $0.0095, reflecting strong demand and investor confidence in BlockDAG’s market potential.

Final Thought

BlockDAG is making significant strides in cryptocurrency, outpacing Cardano (ADA) competitors like Retik Finance and Starknet. The recent Keynote 2 event has sparked considerable interest and led to a successful presale, raising $41.6 million. With tokens currently priced at $0.0095 and expected to reach $10 by 2025, BlockDAG presents a compelling investment opportunity. 

Retik Finance and Starknet continue to innovate and grow within their niches, but BlockDAG’s unique approach and robust growth prospects set it apart as a leader in the DeFi sector. Now is an excellent time to consider investing in crypto, with BlockDAG at the forefront of this exciting market.

Invest in the BlockDAG Presale Now:

Presale: https://purchase.blockdag.network

Website: https://blockdag.network

Telegram: https://t.me/blockDAGnetwork

Discord: https://discord.gg/Q7BxghMVyu

The post Retik Finance Price Crash, BlockDAG Emerges as the New Cardano Competitor with Moon Keynote Launch; Starknet Crypto News appeared first on Crypto News Land.

BlockDAG is currently the center of attention, thanks to its viral moon-themed Keynote 2 video. The platform is making significant strides, having raised $40.8 million in its presale due to the continuous addition of advanced features. Now selling at $0.0095, it is expected to rise to $10 by 2025, making it one of the best cryptocurrencies to buy in 2024. This impressive progress sets BlockDAG apart from competitors like BNB and Cardano, whose developments, though notable, have not matched BlockDAG’s rapid rise and innovative approach, which could revolutionize blockchain accessibility. BNB Poised for a Significant Breakout Binance Coin (BNB) has shown resilience in the crypto market, maintaining moderate bullish trends despite significant price fluctuations over the past year. Currently trading below its all-time high, BNB’s recent rise from the support line of a symmetrical triangle pattern indicates bullish control. The critical resistance level remains a key hurdle, and a potential breakout could lead to further gains. The short to medium-term outlook for BNB appears positive, bolstered by strong market sentiment and stability. Cardano Investors Anticipate Market Recovery Cardano (ADA) has recently ended a prolonged downtrend, sparking renewed interest among investors. In May, ADA’s price rose from $0.44 to $0.50, accompanied by increased trading volume. As the broader crypto market shows signs of recovery, Cardano is trading above its 100-day SMA, suggesting a potential bullish trend. Experts predict continued growth for ADA, with some forecasts indicating it could reach $0.80 by year-end, maintaining a positive sentiment among investors. BlockDAG’s Keynote 2 Fuels Interest and Investment BlockDAG’s Keynote 2 release has significantly boosted interest in the emerging crypto, highlighting its technological advancements and strategic vision. The keynote showcased several key developments, including the successful conclusion of Phase 1 of the X1 Miner app. This beta version, now available on Android and Apple platforms, includes user onboarding and presale functionality. Future updates will introduce wallet integration, send/receive modules, and community features before the mainnet launch. The keynote also emphasized the upcoming mainnet launch, scheduled within the next four months, following a successful testnet phase. BlockDAG’s innovative hybrid approach, combining blockchain security with DAG scalability, sets it apart in the market. This technological advantage, along with endorsements from major industry players like Cointelegraph and Forbes, has driven substantial presale success. BlockDAG coin is now priced at $0.0095 in its 16th presale batch, which has seen an 850% surge since its launch. With this prediction and its outstanding presale record, BlockDAG is positioned as a top investment opportunity in 2024 and is expected to reach up to $10 by 2025, reflecting high market confidence and continued investor interest in its technology. BlockDAG’s rapid development and strategic milestones suggest a faster growth trajectory. Its hybrid blockchain-DAG technology and transparent approach are fostering strong market confidence, indicating it may outperform established coins in the near future. BlockDAG’s Promising Future Compared to other cryptocurrencies, BlockDAG’s progress is notably impressive. Binance Coin (BNB) has shown resilience, maintaining bullish trends despite fluctuations, and Cardano (ADA) has recently rebounded. In contrast, BlockDAG’s Keynote 2 has significantly boosted interest in the project. The successful launch of the X1 Miner app beta version, the upcoming mainnet launch, and the hybrid blockchain-DAG technology underscore BlockDAG’s rapid progress. In the crypto world, BlockDAG stands out with its innovative approach and ambitious $10 by 2025 price prediction, showcasing massive growth and ultimate progress. Join BlockDAG Presale Now: Website: https://blockdag.network Presale: https://purchase.blockdag.network Telegram: https://t.me/blockDAGnetworkOfficial Discord: https://discord.gg/Q7BxghMVyu

The post BlockDAG’s Viral Keynote 2 Drives Massive Interest Amid BNB and Cardano Developments appeared first on Blockonomi.

Are you curious about the future of Dogecoin, ADA, and XRP? Wondering which crypto token will dominate in June? In this analysis, we will examine price predictions for these popular tokens, uncover potential trends, and identify the crypto titan set to take June by storm.

Let us dissect the current price action of Dogecoin, Cardano, and Ripple. While the crypto market has been trading sideways recently, these three coins show interesting individual trends. Dogecoin, the meme-fueled favorite, has seen modest gains compared to ADA and XRP, which have struggled slightly. 

Some crypto investment experts are optimistic about DOGE, citing a bull run based on past patterns. Cardano is showing signs of recovery, with some people believing it can go past the resistance levels fueled by ongoing development on the Cardano network. Ripple (XRP) is also attempting a price rebound, with its sights set on breaking bullish trend lines. We will also explore the exciting potential of 5thScape, a newcomer with the potential to disrupt the crypto landscape.

Invest in the Future of Entertainment: The 5SCAPE Token and the Rise of VR

Crypto investors at the moment are welcoming this new project in the market with open arms, instilling greater confidence. While DOGE, ADA, and XRP remain a classic investment for many, the 5thScape project has brought in a new wave of excitement in the crypto landscape. Here is what you should know about this new entrant:

>>Click Here To Visit 5thScape Presale Page

Brace yourselves for a new name in the crypto world: 5thScape! This VR-integrated newcomer has the entertainment scene buzzing for two key reasons. Firstly, it is set to revolutionize entertainment by offering a fully immersive VR experience for movies, games, educational content, and even more. The possibilities seem endless!

Secondly, 5thScape recently smashed its presale target, raking in a whopping $6.1 million. This massive investor confidence speaks volumes about the project’s potential. 5thScape is not just another VR project; it is a full-fledged VR content hub set to change how we consume entertainment. Get ready to experience your favorite movies, games, and learning journeys in a new dimension! 

Unlocking the VR Experience: The Power of the 5SCAPE Token

Are you curious how you can unlock the countless VR experiences within 5thScape? The key is its 5SCAPE token, which is currently available for presale! This native platform token is your golden ticket to 5thScape’s immersive world. Want to watch a movie in VR and feel like you are truly part of the action? Or maybe conquer a VR game and experience a new level of realism? The 5SCAPE token makes it all possible. 

The benefits go beyond just access. 5SCAPE offers exciting staking opportunities, allowing investors to earn a high annual percentage yield on their holdings. It is a valuable token not just for entertainment enthusiasts but also for savvy investors. 

Here’s why the future of 5SCAPE is bright: VR technology is bursting with success, with a rapidly growing user base. Many new VR users turn to 5thScape for entertainment, driving demand for the 5SCAPE token. As VR adoption continues its global climb, the value of the 5SCAPE token is poised to grow in the coming years. 

To the Moon or Back to Earth? Unveiling Dogecoin’s June Price Trajectory

Experts predict a high-momentum rally, with DOGE prices going past the psychological barrier of $0.16 and reaching a toasty $0.165 by the month’s end. But just like those unpredictable summer storms that roll in out of nowhere, Dogecoin’s price could experience some volatility. Watch out for potential price dips that drag the minimum to a chilly $0.149.

This forecast suggests June could be a rollercoaster ride for Dogecoin holders. Beware of potential growth fueled by renewed investor interest and positive market sentiment, but be prepared for potential price drops if the market takes a downturn or negative news surfaces. While these are just predictions, keeping an eye on Dogecoin is definitely a summer.

Cardano’s Climb Continues? A Look at ADA Price Predictions for June

Tailwinds from the booming DeFi sector could boost Cardano. With these factors and potential positive events on the horizon, Cardano prices are expected to climb.

The recent breakout and trend reversal are ideal entry points for investors eyeing a strong 2024 for ADA. Currently at $0.657, some analysts see Cardano as a steal, predicting a surge past $1 to $1.50. The ultimate optimists even envision a new high of $2.02 in 2024. However, a more balanced prediction suggests prices settle around $1.37 by year-end, after a potential period of settling down following a strong rally. 

Can XRP Make a Splash in June? Examining Price Predictions

XRP holders, rejoice! After a few lackluster years, June might finally bring some sunshine. Long-term forecasts remain hazy, but some predict a bullish June for XRP. Here is the exciting news: the price could grow over 20% to $0.63 by June’s end, and that is not all! An even faster jump of 24% to $0.64 is possible within five days.

The VR Disruptor: Why 5thScape Could Be June’s Breakout Star

June sizzles with crypto possibilities! Dogecoin eyes a rally to $0.165, Cardano might regain momentum, reaching $2.02, and Ripple could grow over 20% to $0.63. 

But here is the real game-changer: 5thScape! This VR content platform is shaking things up. Backed by a massive presale haul, 5thScape offers a gateway to a VR world of movies, games, and more. Their 5SCAPE token is your key to accessing and booking high profits from your investment once the project goes live on the exchanges. With VR exploding, the demand for 5SCAPE is ready to reach for the stars. Grab your 5SCAPE tokens during the presale and witness the rise of June’s true Crypto Titan!  

The post Dogecoin, ADA, XRP Price Predictions, and 5thScape June Potential: Unveiling the Crypto Titan of June! appeared first on Coinfomania.

The post Cardano Revenue Drops to 3-Year Low Amid ETH Surge appeared first on Coinpedia Fintech News

Following the ETH ETF approval with retail investors switching focus to Ethereum markets, SOL, BTC, and ADA have been struggling for traction amidst a broader market downturn. The Cardano price closed at $0.44 on May 2024, down by 12% in the last 10 days. Furthermore, Cardano pulled 11,970 ADA in total transaction fees on May 26, which is 63% lower than its March 2024 peak of 32,480 ADA. Notably, it is the lowest daily transaction fee recorded since 2021. The Cardano stakers could shift to more profitable PoS protocols in the days to come if the revenues continue falling.