Bitcoin (BTC) layer 2 solutions have emerged as key players, showcasing impressive performance after the blockchain’s highly-anticipated halving on April 20, 2024. On the other hand, NuggetRush (NUGX) has emerged as a dominant force in the GameFi sector, offering investors a compelling value proposition. Here is why NuggetRush is showing massive growth potential in the bullish market led by Bitcoin.

>>Buy NuggetRush Now<<

Bitcoin Layer 2 Tokens Surpass Bitcoin Post-Halving: Scalability Solutions

Bitcoin layer 2 solutions tokens have outperformed Bitcoin (BTC) since its blockchain’s highly expected mining reward halving took effect on April 20, 2024. Stacks (STX) is one such coin that has gained over 20% since Bitcoin’s halving over the weekend. In the meantime, BTC has gained 6.3%, according to CoinGecko. Other tokens that have been impressive since the halving event include Elastos’ ELA token and SatoshiVM’s SAVM.

These layer 2 solutions address scalability and transaction speed limitations on Bitcoin’s (BTC) blockchain. They are hosted on Bitcoin’s (BTC) blockchain and enhance scalability by processing transactions off the main chain. They introduce programmability features to the main blockchain.

The market-beating move of Bitcoin (BTC) layer 2 coins comes in the post-halving surge in transaction fees on Bitcoin’s (BTC) blockchain.  Glassnode data showed that the mean transaction fee increased to almost 0.0020 BTC after halving, hitting highs seen last in 2018.

This spike in fees might have been due to the launch of a new protocol, Runes, that lets users “etch” and mint tokens on Bitcoin’s blockchain. These developments have affected the price of BTC positively.

On April 23, 2024, BTC was valued at $67,065.27, up 6.13% in the past week. Experts say BTC will surge to $71,255.15 by the end of April, supported by developments on its network. Hence it is a good crypto to buy today.

NuggetRush (NUGX): A Top NFT Gaming Platform Redefining GameFi Investments

NuggetRush (NUGX) is an NFT gaming platform that is dominating the GameFi space by storm, offering investors many benefits. Since NUGX prioritizes the growth of its community, users are rushing to invest early expecting it to surge exponentially after it launched on Uniswap. NuggetRush (NUGX) uses advanced technology to support an impressive game and active community, making it the best crypto to buy.

Notably, NuggetRush offers one of the most addictive games in the crypto and blockchain spaces. Its gameplay focuses on mining operations, with NuggetRush (NUGX) giving gamers a small land and basic equipment. The mining tools will enable players to explore the terrain and delegate tasks in regions abundant with valuable minerals. Furthermore, NUGX ranks as the best crypto investment designed with remarkable gaming characters.

A great benefit offered by NuggetRush’s (NUGX) game is that gamers earn in-game rewards and assets. They can also collaborate with other miners to embark on group expeditions. Furthermore, players collect rewards for participating in battles, tournaments, ranked play, and quests.

Gamers can join mining guilds to boost their productivity and enjoy collective rewards. NuggetRush (NUGX) has multiple passive income opportunities that complement its play-to-earn (P2E) gaming concept. Traders sell, buy, and exchange in-game rewards and assets for tangible money available on NuggetRush’s (NUGX) most popular NFT marketplace.

After launching on Uniswap, NuggetRush (NUGX) has thrived in a volatile crypto space, attracting more investors seeking to stabilize their portfolios.

Visit NuggetRush Presale Website  

The post Bitcoin Layer-2 Coins Outperform BTC After Halving; NuggetRush (NUGX) Shows Early Signs Of A Runner appeared first on CoinChapter.

Normies might have been expecting prices to fly after the Bitcoin (BTC) halving event. However, this thing takes time—demand significantly outweighing supply won’t happen overnight. While BTC holds steady after its halving, picking up steam for its next run, so does Shiba Inu (SHIB), one of the best meme coins.

In other news, InQubeta (QUBE), a newly launched AI coin, is breaking the mold, going off after its market debut. It launched on Uniswap and MEXC over the week, lighting up the chart with its long green candle. With its price expected to skyrocket, analysts can’t help but call it the best new crypto to invest in.

InQubeta (QUBE): Price Discovery Begins With a Bang

InQubeta (QUBE) not only skyrocketed after going live on Uniswap and MEXC over the week but also surpassed expectations. It went off after its launch, kicking off its explosive price discovery journey. With further upsides anticipated, its run will likely outpace that of the most popular cryptocurrencies, including Shiba Inu and Bitcoin.

As a new altcoin, its potential is through the roof, positioning it as a must-have crypto. Instead of top, peaked cryptocurrencies, investors have been showing quite a keen interest in InQubeta, hoping to ride its massive bullish wave. Meanwhile, analysts predict a 75x jump before the year’s end, with several holders on their way to creating generational wealth.

Beyond the profit and gains, it will play a vital role within the AI sector, hoping to address critical challenges in the fundraising and accessibility scenes. Its crypto-based crowdfunding platform will enable AI tech startups to raise capital through the QUBE token. At the same time, via its custom-built NFT marketplace, investors can become early backers of promising AI ventures regardless of their income.

Visit InQubeta Website 

Bitcoin (BTC): Preparing For its Bull Ride Post-Halving

Bitcoin (BTC) was in the spotlight over the week as it completed its fourth halving. Miners’ rewards have been slashed into two—the fourth time since BTC launched in 2009, introducing DeFi (decentralized finance). While prices have yet to explode, the flagship crypto isn’t in bearish zones either but is stabilizing.

As it gathers momentum and prepares for its next run, it is once again the center of attention. Its rally past $70,000 is expected to usher in a wave of optimism and confidence, propelling not only Bitcoin but the entire crypto market. So, prepare for the altseason and period of green.

Despite short-term fluctuations, Bitcoin’s outlook remains bullish, especially after the halving. Speculators and analysts anticipate BTC’s rise past $100,000 before the curtain draws on the year, making it one of the best cryptos to invest in.

Shiba Inu (SHIB): Preparing for Massive Growth

Shiba Inu (SHIB) is among the best meme coins for several reasons. The most obvious is its leading status as one of the top altcoins, boasting market dominance. It was at the forefront of the latest meme craze, showcasing strength against new and hot meme narratives like the Solana-based fun-inspired tokens.

As market momentum improves—fueled by the BTC halving—Shiba Inu has been picking up steam. Its price is expected to fly in the coming months, positioning it as a solid long-term investment, perhaps a more compelling one than new altcoins like Starknet, Wormhole and DYM.

If you seek one of the best altcoins and good crypto to buy, Shiba Inu is a great place to begin your search. For moderate gains—not generational wealth, of course—we suggest considering adding SHIB to your crypto portfolio—WAGMI.

Conclusion

As Bitcoin and Shiba Inu prepare to skyrocket after the halving event, InQubeta kicks off its price discovery journey, which has been explosive so far. Expected to outclass popular cryptocurrencies, QUBE is a promising wave not to miss out on this year. To learn more about the InQubeta project, click the link below.

Visit InQubeta Website 

The post Bitcoin (BTC) Steady After Halving; Shiba Inu (SHIB) Prepares to Fly; InQubeta (QUBE) Enjoys Explosive Market Debut appeared first on CoinChapter.

In a recent conversation chain, crypto analysts deciphered the reason behind the pullbacks that come before major Bitcoin (BTC) price surges. Each gave a succinct yet comprehensive explanation, urging crypto users to seize the limited time window. Meanwhile, Borroe Finance ($ROE) recently took the space by storm, with the new ICO coin generating a buzz as the best cryptocurrency to invest in for astronomic returns.

Let’s determine how market players can profit from these top crypto coins.

>>BUY $ROE TOKENS NOW<<

The Bitcoin Pre-halving Correction Explained: Analysts

Last week was a trying time for crypto investors and users as the market jerked into a substantial reversal. This pullback saw Bitcoin (BTC) descend to $60,000, having traded above it for months, then stage a comeback and tumble again. Altcoins also experienced notable price drops, mirroring the momentum of Bitcoin (BTC).

In response to the price fluctuations, analysts like Rekt Capital explained why these corrections are necessary to launch Bitcoin (BTC) towards a new ATH at the market’s peak. In a tweet on April 14, Rekt Capital recounted the level of dips recorded during the last bull season, noting that an explosive surge succeeded each one. 

At the time of the commentary on April 14, Bitcoin (BTC) was down 18%, with the analyst expecting it to dive as low as 20%.

However, it revealed that this decline is the only major decrease since 2022, urging market players to seize the opportunity to maximize profit. Similarly, Trader Tardigrade noted that the dip is a weak hand shake-out, a routine for Bitcoin (BTC) per cycle. CryptoCon also stated that Bitcoin’s struggle to surpass its all-time high is perfectly normal, according to its MRVR-Z.

Meanwhile, Bitcoin (BTC) is getting back on its feet, with a 4.5% increase in its price from $63,924 to $66,818 between April 14 and 22. BTC’s recovery has sparked speculation that the dip might be over, and Bitcoin could be en route to reclaiming its ATH. Meanwhile, that would require a 4.7% increase in its price, making it a good crypto to invest in now.

Borroe Finance Is The Best Crypto To Invest In, Analysts Agree

Crypto veterans and users have reached a consensus that Borroe Finance ($ROE) is the best cryptocurrency to invest in for considerable returns. This conclusion was made after several analyses were conducted into Borroe Finance ($ROE), with its presale performance serving as a frontier. They asserted that Borroe Finance ($ROE) is on a tier above that of many new DeFi projects, mostly due to its use cases.

Borroe Finance ($ROE) is the world’s first discounted NFT platform that combines blockchain and AI technology to create a futuristic product. 

It is a marketplace where Web3 users can trade future earnings for immediate cash, an idea aimed at solving the funding needs of these players. Borroe Finance caters to the needs of every Web3 participant, from crypto investors to DeFi enthusiasts.

The platform obliges to the dictates of Web3, emphasizing decentralization, transparency, and inclusivity. After making a purchase, buyers can use the automatic repayment option on the platform’s interface to request reimbursement. Incorporating AI risk management and blockchain technology ensures users’ safety, promoting a secure fundraising process.

Savvy crypto investors are currently invested in the $ROE presale, which has made them up to 100% of their starting capital. Having risen from $0.01 to $0.02, Borroe Finance ($ROE) is preparing for another 25% rally to $0.025. This rally will precede $ROE’s DEX debut, which is expected to catapult Borroe Finance to incredible price ranges at the peak of the bull run.

Learn more about Borroe Finance ($ROE) here:Visit Borroe Finance Presale | Join The Telegram Group | Follow Borroe Finance on Twitter

The post Analysts Discuss Why Pullbacks Precede Major BTC Pumps; Borroe Finance ($ROE) Poses As A Top Investment Choice For Big Gains appeared first on CoinChapter.

Another Bank Failure in the U.S.

NAIROBI (Coinchapter.com) – The United States banking industry faced a blow with another bank failure as Republic First Bank became the nation’s fourth regional lender to collapse since 2023, reigniting concerns about the stability of traditional financial institutions.

The Pennsylvania Department of Banking and Securities seized Republic First Bank, a Philadelphia-based lender with $6 billion in total assets and $4 billion in deposits as of January 31, on April 26, 2024. This marks the first US bank failure of the year, with the Federal Deposit Insurance Corporation (FDIC) stepping in to arrange the transfer of substantially all deposits and assets to Fulton Bank.

Republic First Bank closed: Source

Republic First’s 32 branches across New Jersey, Pennsylvania, and New York will reopen under the Fulton Bank name by the start of next week. The FDIC estimates the cost of this failure to its deposit insurance fund at approximately $667 million.

Banking Woes Continue

Republic First Bank is the fourth US regional bank failure since March 2023. The collapse of Silicon Valley Bank, Signature Bank, and First Republic Bank within months of each other caused significant tremors in the traditional financial sector. This latest seizure underscores the ongoing challenges many smaller banks face in the current economic landscape.

Source: X

The string of bank failures has reignited discussions about the stability of the banking industry. As of January 31, 2024, Republic First held approximately $6 billion in assets and $4 billion in deposits. FDIC insurance will protect depositors up to the legal limits.

Crypto Community Reacts to Bank Failure

Republic First Bank’s closure sent shockwaves through the crypto community on social media. Many users questioned the traditional banking system’s security. This latest failure follows a string of collapses in 2023 – Silicon Valley Bank, Signature Bank, and First Republic Bank. The repeated bank closures have shaken trust in the traditional financial sector.

Source: X

Marius Martocsan, CEO of Zesh, expressed his preference for Bitcoin following the news. Pillage Capital highlighted the narrative potential of bank failures for cryptocurrency adoption. Crypto commentator Randi Hipper questioned how many banks need to fail before people realize the benefits of self-custody in crypto.

Crypto trader Pillage Capital claimed, “Republic First Bank failure is worth a look since bank failures are the best possible narrative we can get for crypto.” Randi Hipper, a crypto commentator with 87,100 X followers, questioned, “How many more need to fail before people start to be their own bank?”

The post Another Bank Failure in the U.S. – Could Bitcoin Be the Answer? appeared first on CoinChapter.

Litecoin Traders Could Help Token Avoid Drop Read CoinChapter.com on Google News

NOIDA (CoinChapter.com)— Litecoin is a token that is keeping its traders on their toes. The crypto asset, often labeled as the “silver” to Bitcoin’s “gold,” is giving mixed signals to traders, with bullish on-chain indicators and market sentiment combined with bearish Litecoin price technicals.

LTC price action in 2024 has been a positive one, though nothing to write home about, with the token sitting on 21% YTD gains.

LTC price action over the last 90 days. Source: CoinStats

However, the market crash on April 13 really hurt the token, forcing LTC prices to pare all its gains since Feb. 2024 before bulls recovered some of the lost ground.

Litecoin recently marked 12.5 years of continuous operation, emphasizing its network stability. Created in 2011 by Charlie Lee as an alternative to Bitcoin, Litecoin has remained functional without significant downtime, showcasing the reliability of its technology and the dedication of its development team.

Litecoin Price Forms Bearish Setup

The Litecoin token has formed a bearish technical pattern called the ‘Rising Wedge.‘

LTC price formed a bearish pattern with a 49% downside target. Source: Tradingview.com

The pattern forms when an asset’s price consolidates between upward-sloping support and converging resistance lines resembling a wedge. Declining trading volumes often accompany a breakdown below the pattern.

The price target of the pattern is equal to the height of the back of the wedge. If LTC price breaks below the bearish pattern, the token might fall to the theoretical price target near $44.8, a drop of over 49% from current levels.

Traders Remain Bullish On Litecoin

Retail traders remained bullish on the Litecoin token, as the number of wallets with more than 1,000 LTC tokens is rising.

Litecoin addresses with a balance greater than 1K native units. Source: Messari

According to on-chain data provider Messari, the number of shrimp wallets rose to levels last seen in February earlier this year. The rise in the number of retail trader wallets suggests a growing interest in the token in the retail market.

Apart from on-chain indicators refuting chances of LTC confirming the pattern, traders remained optimistic of Litecoin’s price action in the near future.

Traders remained bullish about Litecoin price action.

Andrew Griffiths, an independent crypto trader and analyst, claimed that the market largely ignored Litecoin and its fundamentals. Griffiths predicted that traders would likely notice LTC once the price of Bitcoin grows beyond their reach.

Moreover, Bitcoin’s growth could help Litecoin as well, as traders could re-invest their profits into altcoins like Litecoin to diversify their portfolios. Additionally, another crypto trader highlighted that Grayscale has been adding LTC tokens to its coffers, with its Litecoin token holdings reaching a new record high.

The growing adoption would certainly help Litecoin price avoid the bearish setup.

The post Litecoin Traders Could Help LTC Token Avoid 49% Drop appeared first on CoinChapter.

NEAR Protocol Skyrocketed 35% This Week

NAIROBI (Coinchapter.com) – The NEAR Protocol skyrocketed a remarkable 35% in value over the past seven days. This upward trajectory coincides with the growing excitement around AI technologies and their potential impact on various industries, including the cryptocurrency sector.

Source: X

According to data from CoinGecko, the total market capitalization of AI and big data tokens currently stands at an impressive $36.64 billion, reflecting the heightened interest in this domain. Analysts predict that the AI market could reach a staggering $196 billion by 2024, indicating that the current hype surrounding AI may be the beginning of a larger wave.

Key Metrics Support NEAR Price Optimism

NEAR, has experienced a positive price trajectory, currently trading at $7.15 and showing a 4.56% increase over the past 24 hours. This upward trend suggests growing investor interest in the network.

NEAR/USD price chart. Source: TradingView

Key technical indicators further support this bullish outlook. NEAR Protocol skyrocketed this week, surpassing both its 50-day and 100-day Exponential Moving Averages (EMA), suggesting strong momentum. Additionally, the Relative Strength Index (RSI) has risen above 60, a level traditionally associated with bullish sentiment. If NEAR maintains momentum, a decisive breakout could propel its price towards the $9 resistance level in the near term.

The NEAR Protocol’s DeFi ecosystem continues to attract developers and users. Currently, the total value locked (TVL) in its DeFi dApps exceeds $655 million. Noteworthy dApps within the network include Burrow, Linear Protocol, and Meta Pool, each experiencing steady growth in user activity.

NEAR Protocol Skyrockets, Fueled by Partnerships

Recent partnerships are fueling NEAR’s price surge. The collaboration with LuloX, a leading Colombian fintech company, paves the way for a stablecoin on the NEAR network, promising to expand accessibility and stability within the Web3 space. Additionally, partnerships with TrueZK and DapDap bolster NEAR’s scalability and privacy capabilities, solidifying its appeal for developers and users.

NEAR Protocol Partner with Lulox. Source: X

These strategic moves signal a growing confidence in the NEAR Protocol’s future. As the ecosystem expands and offers increasingly diverse solutions, wider adoption is likely. This increased demand and adoption often translate into upward price pressure on the NEAR token.

The post NEAR Protocol Skyrocketed 35% This Week! Why You Need to Buy NOW appeared first on CoinChapter.

Binance Smart Chain (BSC) has found its latest sensation in the form of PEKA, the daring and unconventional token that has taken the crypto world by storm.

PEKA has quickly become the darling of the BSC community, winning hearts and sparking a frenzy of memes with its wild and unpredictable nature. Unlike any other token, PEKA marches to the beat of its own drum, embodying a spirit of adventure and excitement that resonates with crypto enthusiasts everywhere.

But there’s more to PEKA than meets the eye. Behind its wild facade lies a team of dedicated Asian developers committed to pushing the boundaries of innovation. With their expertise and passion, they’re poised to propel PEKA to new heights, transforming it from a mere cryptocurrency into a global phenomenon.

What’s more, PEKA holders are in for a treat! The token’s upcoming NFT collection promises to be a game-changer, offering holders access to exclusive digital artworks that capture the essence of PEKA’s unique personality. And with the introduction of a staking platform, holders can now earn rewards simply by holding onto their PEKA tokens, providing an exciting opportunity for further engagement and potential returns.

Join the excitement and embrace the wild ride with PEKA. Whether you’re drawn in by its charm or simply along for the ride, one thing’s for sure – PEKA is an adventure you won’t want to miss.

For more information, visit the official PEKA website at https://peka.ai/ and join the conversation on Telegram at https://t.me/PekaOfficialBSC.

For media inquiries, please contact:

Full Name: Donald Thompson

Email: contact@peka.ai

Full Postal Address: 24 John Street, New York,

City/Country> NY/USA

Zip Code:  10038

Disclaimer: The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency & securities.

The post PEKA: The Craziest Token on BSC Wins Hearts and Captures Imagination! appeared first on CoinChapter.

Today the Jiritsu Network, a pioneer in verifiable computing, announced the launch of Jiritsu Layer 1, built on Avalanche’s Subnet technology stack. Powered by Zero-Knowledge Multi-Party Computation (ZK MPC), Jiritsu aims to change how complex real world assets (RWAs) – such as private equity, real estate, supply-chain assets, and many others – are reflected, verified, transacted, and further leveraged on-chain. In leading innovation with ZK MPC technology, Jiritsu has made strides in tackling fundamental challenges around EVM computational limitations, ingesting off-chain data, and automating workflows based on off-chain triggers. 

While Jiritsu can be applied to a wide range of on-chain use cases, the Layer 1 is launching with Everready Group – a major retailer of medical supplies and equipment, retail items, home goods, and more in the wholesale and e-commerce world.  As a leading firm in Amazon’s Fulfillment by Amazon (FBA) program, Everready is adopting Jiritsu’s “Proof of Inventory” product to verify inventory. Jirtisu is verifying more than $20M in daily inventory, with monthly transactions of over $15M and 100,000+ SKUs. 

This collaboration leverages Jiritsu’s technology for the first time, all while reinforcing Everready’s commitment to precision and reliability in supply chain management.

“Adopting Jiritsu Proof signifies a monumental leap forward for Everready and the broader e-commerce industry,” said Michael Perl, CEO of Everready. “By leveraging this cutting-edge technology, we are now able to verify and secure an immense daily inventory, showcasing our dedication to transparency and trust in every transaction. This move not only enhances our operational capabilities but also sets a new standard for asset management in the digital age.”

The ZK MPC technology at the heart of Jiritsu’s Layer 1 network securely verifies and authenticates vital – but often opaque and non-standardized – information about off-chain assets, ensuring that they are properly and transparently reflected on-chain. This breakthrough unlocks more robust asset tokenization, strengthening a whole host of on-chain use cases in supply chain, logistics, wholesale and retail banking, capital markets, and other areas. Jiritsu’s capabilities have the potential to reduce the friction, cost, and time associated with traditional asset transactions and processes while enhancing privacy, security, and trust.

“Ava Labs is proud to keep opening new frontiers in asset tokenization through ambitious projects with forward-looking partners in the ZK and asset tokenization space like Jiritsu,” said Morgan Kruptesky, Senior Director of Business Development for Institutions & Capital Markets at Ava Labs. “The launch of Jiritsu on Avalanche underscores the network’s leading position in this fast-emerging field while providing expanded options for security, authentication, and efficiency in managing real-world assets on-chain. The Avalanche network continues to prove that it can provide fast, flexible, robust blockchain solutions that meet the complex needs of modern finance.”

The launch of Jiritsu Layer 1 not only has the power to enhance the tokenization landscape, but also marks a step forward in on-chain asset management. By enabling the on-chain verification of historically hard-to-verify assets, Jiritsu aims to reshape digital asset transactions, enabling new opportunities for investment and ownership across a myriad of sectors. 

With expanded capabilities and an Avalanche-powered foundation, Jiritsu is primed to support a new class of ambitious RWA projects. 

For more, visit Jiritsu at jiritsu.network.

About Jiritsu Network

Jiritsu Network is a pioneer in the field of blockchain technology, focusing on the tokenization and verification of real-world assets through its innovative use of ZK MPC technology. The launch of Jiritsu Layer 1 represents a significant advancement in making digital asset management more accessible, efficient, and secure.

About Everready

Everready is at the forefront of the e-commerce industry, offering innovative solutions that streamline the online shopping experience. As a 2P partner with Amazon FBA, Everready has revolutionized how vendors manage inventory, ensuring product availability, and rapid delivery. With a focus on transparency, reliability, and efficiency, Everready is committed to exceeding customer expectations, cementing its position as a leader in the e-commerce sector.

About Avalanche

Avalanche is a smart contracts platform that scales infinitely and regularly finalizes transactions in less than one second. Its novel consensus protocol, Subnet infrastructure, and HyperSDK toolkit enable Web3 developers to easily launch powerful, custom blockchain solutions. Build anything you want, any way you want, on the eco-friendly blockchain designed for Web3 devs.

Website | Whitepapers | Twitter | Discord | GitHub | Documentation | Telegram | Facebook | LinkedIn | Reddit | YouTube

Please see this important notice.

For more information, press only:

Ava Labs: press@avalabs.orgPR Contact Email: Jiritsu@winn.solutions

For more information on Everready and Jiritsu Proof:

Everready Website

The post Jiritsu Blockchain, Powered by ZK MPC, Uses Avalanche to Verify Real World Assets On-Chain appeared first on CoinChapter.

The PolitiFi meme tokens category received recognition during the election season from CoinGecko and rose to prominence alongside Fan Tokens and Cat-Themed Tokens. Traders are now considering exploring PolitiFi tokens like MAGA VP, also known as MVP.

MVP, or MAGA VP, has taken the Internet by storm in recent times. The coin is in high demand and is viewed as one of the most profitable assets that may generate potential revenue. The current market capitalization of MVP is ~$7 million, and the token is rallying at $0.1435 at the time of writing this article. The token has gained significant attention in a short time.

 

The rally may have come to a halt despite seeing an increase of more than 113% in the last 7 days. That has not yet affected the movement in its 24-hour volume, for traders and investors continue to bet on MVP.

MAGA VP has gone as high as $0.29. It is looking to sustain an early resistance of $0.14 to avoid any other fall. Sewing between the high and low of $0.13 and $0.18 is expected by the end of April 2024. Bitcoin Halving has concluded, with the market waiting to see how its impact actually rolls out. Speculation states that a surge is imminent, but analysts remain split, with some even calling the entire meme coin segment a threat to the crypto market.

That has been based on the thesis that regulators are beginning to look at the crypto market differently only because of meme coins. In other words, the crypto market could be losing credibility due to meme coins.

A surge in MVP has been welcomed even as the token downplays the performance in the last 24 hours. It is poised to land a technical breakout after sustaining the resistance of $0.14. A rise to $0.34 could help fetch profits. 

Disclaimer: The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities.

The post MVP token surges over 113% amid PolitiFi memes hype outperforming WIF appeared first on CoinChapter.

Despite experiencing a recent price setback and falling to $64K on Friday, Bitcoin is anticipated to witness further value appreciation later this year, possibly reaching $150K per BTC, as per insights from the top cryptocurrency analysts at Standard Chartered. The global financial institution, “a leading international cross-border bank connecting the world’s most dynamic markets” anticipates that Bitcoin’s value will continue to climb in the coming months, a reflection of ongoing positive market dynamics and investor sentiment.

 

 

On the other hand, in a pursuit of ambitious expansion and growth goals, BlockDAG Network announces that it will be supported by a $100 million liquidity boost at launch. This promise of infusion of liquidity not only enhances the project’s financial stability but also demonstrates strong support from investors and a general customer confidence in the project. 

 

 

Bitcoin to $150,000 in 2024 Says SC

 

Back in March 2024, when Bitcoin’s value rose to record highs hitting $73,500 per BTC, Standard Chartered revised its year-end prediction for the first cryptocurrency and raised it from $100,000 to $150,000 which signalled a bullish trend expected to persist. 

 

Now, as reported by CNBC on Thursday, Geoff Kendrick, the head of digital assets research at Standard Chartered Bank, further bolstered this optimism by projecting Bitcoin’s surge to $150,000 post-halving. This forecast represents a remarkable 130% increase from its current price of just north of $64,000. Kendrick highlighted reduced leverage positions in the crypto market as a key factor driving Bitcoin’s upward trajectory, anticipating that the closure of these leveraged positions would pave the way for the market to rebound and potentially surpass its previous highs.

 

Kendrick backed his claims with positive catalysts, including the inflow of funds into spot Bitcoin exchange-traded funds (ETFs), which he expects to receive a significant boost of $50 to $100 billion in the next 18 to 24 months. He also forecasted substantial growth in the Bitcoin ETF market, comparing it to the trajectory of Gold ETFs. Standard Chartered analysts further suggested that Bitcoin’s price could reach $200,000 by 2025 if Bitcoin ETF inflows reach an average estimate of $75 billion and even soar to $250,000 by the same year under favourable conditions.

 

 

With these factors in mind, Bitcoin appears poised for significant growth in the coming weeks, supported by renewed market activity and investor interest.

 

BlockDAG Network $100M Liquidity Boost Investor Confidence 

 

While SC disclosed its sentiment and stance on BTC, BlockDAG Network shared insights on what’s coming to the platform. With the aim of fostering stability, transparency, and long-term growth, BlockDAG Network has announced the implementation of a vesting period for coins purchased during the presale. The team disclosed that this decision comes in response to “overwhelming requests from the community” and “reflects the commitment to fairness and integrity.”  

 

During the four-month fixed vesting period, presale coin holders will see their coins gradually unlocked according to the following schedule: 40% at launch, with the remaining 60% distributed evenly over the following three months. 

 

Additionally, $100 million liquidity support will be provided at launch, backed by tier 1 market makers and exchanges.

 

This announcement comes after the team has made clear their pursuit of ambitious goals for expansion and growth. Now, BlockDAG Network is setting its sights high, with the goal of reaching $600 million raised in its presale. This infusion of $100 million in liquidity not only bolsters the project’s financial stability but also serves as a testament to the strong support from investors and the overall confidence in the project’s potential.

Branded as the biggest ICO of 2024, BlockDAG Network has already made waves in the cryptocurrency market, surpassing the $20.5 million mark in its presale. This remarkable achievement speaks volumes about the project’s credibility and the support it is receiving from its community, attracting investors from all corners of the globe who are eager to be part of its journey.

In 2024, BlockDAG Network will continue to garner attention and support, and it is well-positioned to achieve its ambitious goal of becoming a leader in the industry, driving innovation and reshaping the future of decentralised finance while Bitcoin reaches new value heights and solidifies its dominance in the digital financial space. 

 

Read About BlockDAG Presale:

Website: https://blockdag.network

Presale: https://purchase.blockdag.network

Telegram:https://t.me/blockDAGnetworkOfficial

Discord: https://discord.gg/Q7BxghMVyu

Disclaimer: The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities.

The post Standard Chartered on Bitcoin Reaching $150K Post-Halving while BlockDAG Network’s $100M Liquidity Boosts Investor Confidence appeared first on CoinChapter.

StakingFarm, a pioneering staking platform renowned for its innovative approach to cryptocurrency investment, is excited to announce the potential for investors to achieve up to 26% annual returns through its refined staking packages. This initiative underscores StakingFarm’s commitment to providing substantial passive income opportunities in the dynamic world of crypto staking.

“As the crypto market matures, we continue to refine our staking options to maximize returns for our users,” stated Klajdi Toci, CEO of StakingFarm. “Offering up to 26% in passive income is a testament to our platform’s strength and our deep understanding of the cryptocurrency landscape. At StakingFarm, we aim not only to meet but to exceed investor expectations for yield and security.”

Optimized Staking for Maximum Returns

StakingFarm has strategically enhanced its staking protocols to offer up to 26% returns, setting a new benchmark in the staking industry. These returns are made possible through meticulous market analysis, optimized staking strategies, and leveraging emerging opportunities within the crypto sector.

Key Features of StakingFarm’s Enhanced Packages:

Diverse Crypto Options: Catering to a broad range of preferences and risk appetites, StakingFarm offers staking in major cryptocurrencies as well as in major altcoins.

Advanced Security Measures: To protect investments and ensure peace of mind for its users, StakingFarm employs state-of-the-art security technologies, including encryption, multi-factor authentication, and continuous system monitoring.

User-Friendly Interface: The platform’s interface is designed for ease of use, allowing both novice and experienced investors to navigate and manage their investments efficiently.

Commitment to Investor Education

Recognizing the importance of informed investing, StakingFarm is dedicated to educating its users about the benefits and processes of crypto staking. The platform provides comprehensive educational resources, including tutorials, webinars, and expert analyses, to ensure that investors have the knowledge they need to make smart staking decisions.

“We believe education is key to empowering our users,” Toci added. “By providing detailed insights into crypto staking, we help our investors understand exactly how their money is working for them and how we achieve these substantial returns.”

Supporting a Growing Global Community

As interest in crypto staking continues to grow globally, StakingFarm is committed to expanding its services to meet the needs of an international audience. The platform’s multi-lingual support team is equipped to assist investors from different regions, making crypto staking accessible and profitable for a diverse global user base.

Invitation to Join StakingFarm

Investors looking to capitalize on the lucrative opportunities in crypto staking are invited to explore the innovative solutions offered by StakingFarm. With competitive returns, robust security, and a user-centric approach, StakingFarm is the ideal platform for those seeking to enhance their financial portfolio through passive income.

ETH Trial Plan: Ideal for beginners, this plan requires a minimal $50 investment and delivers daily rewards of $1.00, with no referral obligations.

Solana Plan: With a $100 investment, this 2-day staking opportunity in Solana generates $2.00 daily, plus a $5 referral bonus.

Polygon Plan: This 7-day staking option involves a $700 investment, rewarding users with $7.00 daily and a $35 referral bonus.

Cardano Plan: A 15-day commitment with a $1,500 investment, providing daily rewards of $16.50 and a $75 referral bonus.

Axelar Plan: Engage in a 15-day staking experience with a $3,000 investment, accruing $36.00 daily alongside a $150 referral bonus.

Ethereum Plan: The flagship 30-day plan involves a $6,000 investment and offers substantial daily earnings of $78.00 with a $300 referral bonus.

“Join us at StakingFarm, where your investment can grow with us. Let’s navigate the promising path of crypto staking together,” concluded Toci.

About StakingFarm

StakingFarm is a leading crypto staking platform dedicated to maximizing passive income for its users. With a commitment to innovation, security, and user satisfaction, StakingFarm provides comprehensive staking solutions designed to cater to a wide array of investment needs. Led by CEO Klajdi Toci, StakingFarm strives to be at the forefront of the crypto staking industry, constantly adapting to market trends and technological advancements to offer the best possible returns to its investors.

For more information, visit StakingFarm’s website and start your staking journey today.

For media inquiries, please contact:

Name: Klajdi Toci

Position: CEO

Email: info@stakingfarm.com

Website: www.stakingfarm.com

Disclaimer: The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency & securities.

The post StakingFarm Aiming to Boost Passive Income with Up to 26% Returns Through Crypto Staking appeared first on CoinChapter.

The world’s first AI trading bot designed to revolutionize the financial markets is now available. Nexus AI combines cutting-edge AI algorithms with advanced quantum computing capabilities to deliver unparalleled speed, accuracy, and profitability.

The launch of Nexus AI marks a significant milestone in the evolution of AI-driven trading technology. With traditional trading methods becoming increasingly outdated in today’s fast-paced markets, Nexus AI offers investors a revolutionary solution to stay ahead of the curve and maximize their investment returns.

The Nexus AI Trading software is simple to understand and intuitive, allowing traders to make trades using fully automated AI software without any complexities. By leveraging the power of cutting-edge technology and advanced algorithms, Nexus AI is powered by state-of-the-art AI algorithms that analyze market trends, patterns, and correlations with unparalleled accuracy. These advanced algorithms enable Nexus AI to make informed trading decisions based on real-time data, helping investors achieve outstanding returns.

As the world’s first AI trading bot, Nexus AI is at the forefront of a new era in investment technology. By combining the latest advancements in AI and quantum computing, Nexus AI offers investors a glimpse into the future of trading, where speed, precision, and adaptability are paramount. The future of trading is here, and it’s powered by Nexus AI.

The software enables investors to execute trades with unparalleled accuracy and efficiency by harnessing advanced AI algorithms and real-time market analysis – with Nexus AI, every trade is based on data-driven insights and objective research, giving you the confidence to make informed decisions and maximize your investment returns while minimizing risk.

In today’s fast-paced markets, staying ahead of the curve is essential for success. By continuously monitoring market conditions, analyzing trends, and identifying emerging opportunities, Nexus AI keeps investors one step ahead of the game. Whether you’re a seasoned trader or just starting, Nexus AI gives you the edge you need to stay ahead of the curve and thrive in today’s competitive financial landscape.

Nexus AI prioritizes the security of investors’ assets with robust encryption protocols and secure authentication mechanisms. Investors can trade with confidence, knowing that their funds are protected against cyber threats and hacking attacks.

Investors can achieve long-term goals with Nexus AI by taking control of their financial future. Whether you’re looking to build wealth, secure your retirement, or simply grow your investment portfolio, the software provides all the tools and resources you need to succeed in today’s dynamic markets. With Nexus AI, investors can embark on a journey toward financial freedom like never before.

“We are thrilled to introduce Nexus AI to the world,” said Andrew Fischer, CEO of Nexus AI Trading. “With its unparalleled scalability, accuracy, and adaptability, Nexus AI represents a game-changing innovation in the field of AI-driven trading technology. We believe that Nexus AI will empower investors to achieve their financial goals with confidence and ease.”

Nexus AI is now available for investors worldwide. To learn more about Nexus AI and start trading with the world’s first AI trading bot, visit Nexus AI today.

https://ainexusbot.com/ 

Disclaimer: The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities.

The post Nexus AI – The World’s First AI Trading Bot Is Now Officially Available appeared first on CoinChapter.

On April 24th, L3E7 initiated its inaugural testing phase, drawing participation from a vast array of builders numbering in the thousands.

Benefiting from a core team boasting extensive AAA game development experience, L3E7 has garnered significant attention since its initial announcement. The allure of L3E7 lies in its depiction of cyberpunk 3D Earth cities, meticulously reconstructed using proprietary technology and data sourced from Google Maps.

This infusion of capital will empower L3E7 to fortify its brand presence, elevate game development endeavors, tap into the burgeoning web3 market by leveraging the distinctive appeal of LBS games, and furnish vital financial and industrial resources to underpin future offline business collaborations and IP expansions.

At its heart, L3E7 offers PVE gameplay, wherein players can seize iconic real-world landmarks, accruing rewards based on their damage rankings, alongside robust team dynamics and social interactions. Official figures from L3E7 reveal an impressive 70% retention rate on the day following the commencement of testing, a figure that outstrips industry norms.

Expressing gratitude for the acknowledgment and support received from players, the L3E7 team pledges to continuously refine and optimize existing features and content, pioneer innovative industry-first elements, and aspire to achieve preeminence as the foremost LBS game in the sector.

L3E7’s market footprint extends across multiple continents, encompassing North America, Asia, and Europe. Charting a trajectory toward global prominence, L3E7 aspires to establish itself as a premier gaming entity, attracting a diverse user base spanning both Web2 and Web3 domains, while cultivating a multifaceted content ecosystem that thrives both digitally and in physical spaces.

L3E7 Worlds (Genesis NFT Collection): https://blur.io/collection/l3e7-worlds 

X: https://twitter.com/L3E7_Official 

Email: info@l3e7.io 

Disclaimer: The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities.

 

The post The world’s first 3D LBS game L3E7 completed US$10 million in financing appeared first on CoinChapter.

Ripple SEC Lawsuit Update Read CoinChapter.com on Google News

NOIDA (CoinChapter.com)—Magistrate Judge Sarah Netburn has set a new schedule, providing a Ripple lawsuit update. The new schedule relates to Ripple’s motion to dismiss the US Security and Exchange Commission’s latest expert submissions.

Ripple vs. SEC Lawsuit Update

Ripple argued that its On-Demand Liquidity (ODL) sales do not meet the traditional characteristics of an investment because transactions only hold XRP for seconds, not for investment purposes.

On April 22, Ripple filed a Motion to Strike, requesting the court to strike new expert materials that supported the SEC’s opening brief. Ripple argued that the SEC had included testimony from Andrea Fox without disclosing her identity and testimony during the discovery phase.

Judge issued a scheduling order in the Ripple SEC lawsuit.

The regulatory body expects its motion would help support the SEC’s request for remedies and a final judgment. Judge Netburn has granted the SEC an extension until April 29, 2024, to file their rebuttal to Ripple’s motion. After the SEC’s submission, Ripple will have three business days to issue their response.

In a recent Ripple lawsuit update, Ripple acknowledged the court’s decision but contested the extensive remedies proposed by the SEC, which include broad injunctive relief, significant disgorgement of profits, and substantial civil penalties. Ripple argued that the factual basis of the case makes the remedies disproportionate.

Furthermore, Ripple argued against the injunction on the basis that it had adjusted its operations to ensure compliance with legal standards, thereby mitigating the likelihood of future violations.

ConsenSys Does An UNO Reverse, Sues SEC

Parallel to Ripple’s case, Ethereum developer ConsenSys has filed a lawsuit against the SEC, challenging the regulator’s authority over Ethereum and its associated services, such as MetaMask.

ConsenSys seeks a declaration that ETH is not a security, arguing against the SEC’s recent actions that suggest an expansion of its regulatory reach over cryptocurrencies. The lawsuit emphasizes the inconsistencies in the SEC’s approach, citing past statements that considered ETH a commodity.

ConsenSys sued the SEC over Ethereum’s status.

The ConsenSys lawsuit could significantly impact the Ripple case and the broader cryptocurrency market. If ConsenSys successfully argues that ETH is not a security, it might set a legal precedent that could benefit Ripple by fostering a more favorable regulatory environment for cryptocurrencies.

Such outcomes could deter the SEC from asserting broad regulatory authority, potentially influencing its ongoing case against Ripple.

Both cases are pivotal, as market participants expect the lawsuits to set important precedents for the regulatory framework of cryptocurrencies in the United States.

The outcomes could either reinforce the SEC’s regulatory stance or encourage reevaluating how digital assets are classified and regulated, affecting the entire crypto industry.

The post Ripple Lawsuit Update: New Scheduling Order, ConsenSys Joins The Fight appeared first on CoinChapter.

Solana Memecoin Trader Nets 23M Profit

NAIROBI (Coinchapter.com) – A single trader, known as “paulo.sol” on the Solana blockchain, has defied the odds by accumulating a staggering $23 million profit from trading various memecoins. This remarkable feat has captured the attention of the cryptocurrency community, leaving many in awe of the trader’s strategic prowess.

Source: Lookonchain How Did the Solana Memecoin Trader Do It?

The trader’s success seems to stem from a measured approach. Instead of blindly purchasing tokens at launch, paulo.sol waited for initial upward price movements before heavily investing. This strategy proved highly effective with both WIF and BODEN.

According to blockchain analysis firm Lookonchain, paulo.sol’s journey began in November 2023 when they noticed the potential of the memecoin BONK. With a keen eye for opportunity, they consistently bought low and sold high, ultimately raking in an impressive $6.28 million profit from BONK trades alone.

BONK/SOL price chart. Source: Dexscreener

Paulo.sol’s success didn’t stop there. In December 2023, they spotted the rising popularity of WIF and started accumulating the tokens. Similarly, in March 2024, they jumped on the BODEN bandwagon, recognizing its potential early on. Through strategic trading, paulo.sol secured an additional $9.51 million from WIF and $7.04 million from BODEN, further solidifying their position as a memecoin trading maven.

Interestingly, As of April 26, 2024, paulo.sol still holds substantial positions in BODEN ($7.6 million) and WIF ($5.7 million), indicating a long-term bullish outlook on these assets. This suggests continued confidence in the potential of these memecoins.

Trader Shifts Focus

The trader is now turning attention to newer memecoins like PUPS and POPCAT. A substantial investment of $1.77 million has been made into POPCAT, alongside a $5.97 million purchase of PUPS tokens. This move notably makes the trader the largest PUPS holder on Solana.

Solana memecoin trader PUPS and POPCAT holdings. Source: Lookonchain

The Solana memecoin craze continues to produce success stories like this one. In December 2023, a trader profited $2 million from an initial $62 investment. Similarly, in April 2024, another trader turned $13,000 into $2 million in only an hour.

The post Solana Memecoin Trader Nets $23M Profit – Could You Be Next? appeared first on CoinChapter.

Key Takeaways:

Ethereum is struggling to recover above the $3,300 resistance zone.

ETH/USD is still above a crucial parabolic curve with current support at $3,000 on the weekly chart.

The price could decline heavily if there is a weekly close below $3,000.

New Delhi (CoinChapter.com): Ethereum (ETH) is struggling to gain bullish momentum above $3,300. There could be a sharp decline if the bears push the price below $2,900-$3,000.

Ethereum Price Near Crucial Juncture

In the last weekly analysis, we discussed the importance of the $2,900 support for Ethereum. ETH price did stay above the $2,900 support zone and recently attempted a recovery wave, like Bitcoin. There was a minor increase above the $3,050 and $3,150 levels.

However, the bears were active near the $3,250 and $3,300 levels. Earlier, there was a sharp decline below the 50% Fib retracement level of the upward move from the $2,172 swing low to the $4,082 high. The price tested the $2,900 support and started a consolidation phase.

Ethereum price weekly chart | Source: ETH/USD on TradingView.com

The bulls seem to be putting up a strong fight near the $2,900 and $3,000 support levels. Besides, Ethereum is still above a crucial parabolic curve with current support at $3,000 on the weekly chart.

The last two candles now signal a possible bullish exhaustion pattern. Having said that, the bears need a weekly close below the parabolic curve, the $2,900 support zone, and the 61.8% Fib retracement level of the upward move from the $2,172 swing low to the $4,082 high.

If Ether settles below the $2,900-$3,000 support zone, there could be a major pullback. In the stated case, the bears might aim for a move toward the $2,620 support zone. The next major support sits near the 50-week simple moving average (blue) at $2,200.

Fresh Rally In ETH?

Conversely, Ethereum might remain strong above the curve support and attempt another increase. Immediate resistance is near the $3,250 level. The first major resistance is $3,300. If the price clears the $3,300 resistance, it could open the doors for a move toward the $3,630 resistance.

The next key resistance might be $3,880. A close above the $3,880 level could initiate a move toward the $4,000 resistance. Any more gains might send the price toward the $4,400 level in the coming weeks.

Overall, Ethereum price is showing a few bearish signs below $3,300. If the bulls fail to protect a weekly close below $2,900, there could be more losses toward $2,200. Conversely, the price might start another increase toward $3,630 in the coming weeks.

The post Ethereum Price Signals Bullish Exhaustion, Can Bulls Save The Week? appeared first on CoinChapter.

Read CoinChapter.com on Google News

NOIDA (CoinChapter.com)— ADA price is on the brink of confirming a bearish technical pattern that could devour the Cardano token’s gains since Nov. 2023.

ADA price action over the past 30 days. Source: CoinStats

April has not been a good month for the Cardano token, with the ADA price dropping below $0.45 following the recent crypto market crash. Moreover, Forbes Research released a report in late March 2024 labeling Cardano a “billion-dollar zombie” project.

Per the report, Forbes categorized layer-1 blockchains with high valuations but “unproven and having little utility other than speculative crypto trading” as zombie projects. Moreover, the report noted that Cardano seemed to rely too much on the popularity of its creator, Charles Hoskinson.

Hoskinson himself seems to be the main attraction. He owns an 11,000-acre ranch in Wyoming, funds self-described alien hunters and recently opened an anti-aging and regenerative medicine center in the town of Gillette.

The report stated

ADA Close To Breaking Below Bearish Pattern

ADA price has formed a bearish technical setup called the ‘bear flag pattern.‘

The bear flag pattern appears on a cryptocurrency price chart when a brief, sharp countertrend movement—often referred to as the flag—follows a preceding downward trend. The formation typically signals a potential reversal of the countertrend.

ADA price formed a bearish pattern with a 32% downside target. Source: Tradingview.com

In a bearish continuation setup, volume levels may stabilize or decrease during consolidation. During the consolidation period of a bear flag setup, the market often trends upward in response to the initial price drop, triggering FUD.

Furthermore, the emotional response typically results in higher-than-average trading volumes as investors and traders re-enter the market to capitalize on or mitigate the price movement’s effects.

Traders calculate the bear flag pattern’s price target by subtracting the flagpole’s length from the breakout price level. As a result, ADA price might drop to $0.32, a 32% drop from the current price level.

ADA price is testing the pattern’s support line, and further bearish pressure could force the token to confirm the bearish setup. However, the Cardano token has lined up some bullish cues that could help it start a bull run.

On-Chain Data Could Help ADA Price Invalidate Pattern

IntoTheBlock’s Global In/Out of the Money (GIOM) indicator categorizes wallet addresses based on their profitability status at the current ADA price, classifying them into three groups: in the money (profiting), at the money (breaking even), and out of the money (losses).

Global In/Out of the Money (GIOM) indicator for ADA. Source: IntoTheBlock

36.28% of ADA holders are currently profiting, while nearly 59% are currently ‘out of the money’ or facing losses. This situation typically deters holders from selling, thereby reducing the likelihood of a price drop due to a mass sell-off.

For the undecided investors, this presents a strategic opportunity to buy into ADA at a lower price, anticipating a market recovery.

The analysis of large transactions on the Cardano blockchain further reinforces the bullish outlook. A notable surge in transactions over $100,000, recorded at 6,180 with a 15% increase on April 24, suggests active accumulation by ADA whales as the token’s price dipped below $0.47

The combination typically indicates strong buying interest during price dips, a common strategy among seasoned investors aiming to maximize returns.

The post ADA Close To Confirming Bearish Pattern Despite Cardano’s Efforts appeared first on CoinChapter.

The Bitcoin halving provides an exceptional chance for investors. As you consider investing in the coin, remember that while the long-term future appears optimistic due to increased scarcity, the short-term market can be extremely turbulent, so you need to be cautious about how you go about it.

To help you out, here are some strategies to put into place when navigating this dynamic environment:

Don’t fall for selling the news 

Some people have the idea of “buying the rumor, selling the news.” Investors monitor market news and sentiment to better comprehend market dynamics, conduct market analysis, and take action when trading signals emerge. 

While this might seem like a great strategy, you should note that it is one of the most difficult ways to gain on the Bitcoin halving because your timing must be perfect, which is uncommon.

Bitcoin halving events have traditionally boosted the price of Bitcoin, triggering capitalizing tendencies. Halving events frequently generate positive market sentiment, resulting in bullish runs before and after. 

The expected scarcity of Bitcoin supply increases demand, driving its value upward. 

While this is the case, you should note that the past post-halving price surge does not imply that it will occur after the 2024 halving. To be on the safe side, take your time to understand the direction of the market.

Have short-term and long-term plans.

To improve your trading, you need to assess your risk tolerance and plan out your investing objectives. Of course, this will depend on whether you are looking to use Bitcoin as a store of value or profit from regular price changes. 

Once you understand your risk tolerance and investing horizon, you can develop a short—or long-term strategy.

The halving period is characterized by greater volatility, and it draws short-term speculators seeking to profit from price changes. Short-term trading requires expertise and experience.

For most investors, a long-term buy-and-hold strategy is the safer option. This is often referred to as the buy-and-hold strategy. While there is no certainty that the price will rise following the 2024 halving event, previous events have shown Bitcoin’s price rising a few months or years later, reaching all-time highs each time.

To trade, you need to create a trading account on a trading platform. This calls for you to visit Bitcoin Decode home page or any other platform. 

Reduce your risk using dollar cost-averaging

Using the dollar-cost averaging DCA technique entails investing a preset amount of money at regular intervals, regardless of Bitcoin’s current price. 

The method seeks to mitigate the impact of market volatility by spreading out the investment over time.

DCA has proven to be a successful technique for other investors during periods of high price volatility, so it may work during Bitcoin’s halving (which has previously resulted in significant price changes). It alleviates the pressure of attempting to time the market correctly. 

Furthermore, the DCA method mitigates the impact of short-term price volatility by accumulating Bitcoin over time. This assures that you benefit from potential long-term price gains by averaging the cost.

Diversify your portfolio

Diversifying your portfolio is a major investing strategy that adheres to the investment adage “Don’t put your eggs in one basket.” This allows you to diversify your risk by investing in a variety of assets, reducing the impact of an unsuccessful investment. 

While BTC may be the primary investment asset, you can take advantage of other cryptocurrency opportunities in a well-balanced portfolio.

If the price of Bitcoin rises, for example, you can sell some of your BTC and invest in other cryptocurrencies or traditional asset investments to diversify your portfolio.

Consider other Bitcoin investment vehicles.

Not everyone feels comfortable directly holding and storing Bitcoin. If you are one of these people, there are several ways to obtain exposure to Bitcoin without the complications of self-custody. 

One strategy is using Bitcoin ETFs (Exchange Traded Funds) and regulated investment vehicles, which provide a more traditional investment experience that includes exposure to Bitcoin price swings.

Exercise risk management

The golden rule of investing suggests that as a trader, you should only invest money you can afford to lose. This is particularly important given Bitcoin’s volatility. 

Regardless of the historical price rise post-halving, there is no way to predict which way the Bitcoin price will swing. Thus, an effective halving plan should include establishing a stop order.

The order will sell the asset when prices fall below your expectations, preventing severe losses.

The take-profit order is at the other end of the stop-loss order. Bitcoin price volatility means that it can rise while you are not actively trading and then decrease abruptly.

To capitalize on possible profits, place a take-profit order, which automatically sells the asset when the price hits a predefined, acceptable level. 

The ultimate goal of the tactics described above is to ensure gains in a volatile market while protecting your assets from catastrophic losses. Regardless, you should analyze your risk tolerance and match your investments to your financial objectives.

Get help from an expert.

If this is the first time you are investing in Bitcoin, consider consulting a financial expert who specializes in Bitcoin investments. 

The professional will assist you in developing a specific investing strategy based on your risk tolerance and financial objectives.

In conclusion…

These are some of the strategies you can use to take advantage of the upcoming Bitcoin halving. Remember that Bitcoin is most likely going to be highly volatile, so exercise caution and always manage your risk. 

To know where the currency is heading, stay up to date on the latest halving-related news and developments. 

While this is the case, be on the lookout and avoid information overload from untrustworthy sources. You should concentrate on credible financial news sources and research from seasoned analysts. 

When it comes to investing, there are plenty of options mentioned that you can take advantage of. If this is the first time you are doing it, it’s always wise that you involve the services of an experienced professional. 

The professional will listen to your goals and risk appetite and direct you in the direction that best suits you.

Disclaimer: The statements, views and opinions expressed in this article are solely those of the content provider and do not necessarily represent those of CoinChapter. CoinChapter will not be responsible in any way for the content of the same. Do your research and invest at your own risk.

The post 7 Strategies On How to Capitalize On Bitcoin Halving appeared first on CoinChapter.

Shibarium Hard Folk

Nairobi(Coinchapter.com): The Shibarium network, the Layer-2 solution for the popular meme coin Shiba Inu (SHIB), is set to undergo a significant upgrade on May 2nd. This hard fork promises substantial improvements to the network, focusing on increased speed, reduced transaction fees, and overall scalability. The upgrade aims to enhance the user experience and attract a wider audience to the platform.

Shibarium hard fork announcement on X

The Shiba Inu team announced the hard fork on April 25th through a thread on their official Twitter account. The thread emphasized the team’s dedication to empowering pioneers in innovation and pushing the boundaries of decentralization.

Lightning-Fast Transactions, Unstoppable Momentum

Already renowned for its efficiency, Shibarium is about to raise the bar even higher. The hard fork will supercharge transaction processing times, delivering lightning-fast confirmations within 24 hours of the update’s launch. This game-changing improvement will undoubtedly solidify Shibarium’s position as a frontrunner in the crypto realm.

The hard fork also focuses on stabilizing transaction fees, particularly during peak usage. This will ensure greater cost predictability, making Shibarium a more budget-friendly network for all users. With transaction costs as low as 0.0000219 BONE ($0.00001), Shibarium is already recognized for affordability – this upgrade only reinforces that commitment.

Shiba Inu’s focus is on addressing fluctuating transaction fees that often occur during network congestion. The hard fork will enable more predictable and stable fees, ensuring fair and transparent pricing for all users.

Shiba Inu Price Impact and On-Chain Metrics

As of April 25, 2024, Shiba Inu (SHIB) price is trading at $0.000026, with a 24-hour change of 3.12% and a market capitalization of $15.22 billion. The token’s price correlation with Bitcoin stands at 0.86, indicating a strong positive relationship with the leading cryptocurrency.

SHIB/USD 1-day price chart. Source: TradingView

According to on-chain data, 63% of SHIB holders are making money at the current price, while 5% are at the break-even point, and 32% are in the red. Large holders control 73% of the token’s supply, suggesting a concentrated ownership.

The token’s holder composition reveals that 75% of investors have held their positions for over a year, 21% have held for 1-12 months, and 4% have held for less than a month. Additionally, transactions greater than $100,000 amounted to $732.42 million over the past seven days.

The Shiba Inu community has seen a 0.26% increase in Telegram members over the past week, with the current member count standing at 486,171. Furthermore, transaction demographics indicate a balanced distribution, with 49% originating from the West and 51% from the East.

The post Shibarium Hard Fork to Slash Transaction Fees – Is SHIB Ready to Soar? appeared first on CoinChapter.

Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Republic of the Marshall Islands MH 96960, MH 96960, April 26th, 2024, Chainwire

A Glittering Moment: BloFin Shines at TOKEN2049 

BloFin, a fastest-growing exchange platform, proudly announces its platinum sponsorship of TOKEN2049 Dubai and its exclusive SideEvent: WhalesNight AfterParty 2024. Following our previous role as the Gold Sponsor at TOKEN2049 Singapore, the BloFin team, now the Platinum Sponsor of TOKEN2049, continues to shine on this stage with its enthusiasm and original dedication to contributing to the cryptocurrency industry. 

BloFin successfully sponsored TOKEN2049 Dubai, which witnessed an extraordinary gathering of industry leaders, enthusiasts, KOLs, and innovators. Blofin’s participation in this prestigious event not only reaffirmed its commitment to fostering innovation within the blockchain ecosystem but also demonstrated its dedication to driving industry development forward. 

An Unforgettable Night: WhalesNight AfterParty 2024

As part of the conference, BloFin hosted the highly anticipated WhalesNight AfterParty 2024, promising an unforgettable evening of networking and celebration. 

Gratitude in Spotlight: Heartfelt Thanks to Valued Partners and Media

BloFin extends its gratitude to its esteemed media partners, including U.Today, BeInCrypto, CoinTelegraph MENA, Crypto.news and Chainwire, whose support has been instrumental in promoting this event. Additionally, BloFin appreciates the steadfast support and participation of its significant partners, KOLs, and attendees.

The Dubai Whales Night offers the BloFin team a valuable opportunity to meet with users and friends.

Matt, CEO of BloFin, shared his insights and expressed his excitement at the WhalesNight AfterParty. He stated “We understand the importance of trust. We will continue to provide our users with safe, reliable, and fast services.”

As we continue to expand our reach and enhance our offerings, Blofin remains steadfast in its mission to empower individuals and institutions to unlock the full potential of blockchain technology.

About BloFin:

As the fastest-growing crypto exchange, BloFin offers premium perps & futures trading services with over 320 USDT-M trading pairs and 100X trading volume. Now, it provides more high-quality products including spot trading, copy trading, earning, API access, and more. Ensuring utmost user fund security, BloFin has partnered with Fireblocks to safeguard users’ assets.

Contact

Head of Marketing and Public RelationsAnnio WuBloFinannio@blofin.io

The post BloFin Sponsors TOKEN2049 Dubai and Celebrates the SideEvent: WhalesNight AfterParty 2024 appeared first on CoinChapter.