Arbitrum to Unlock $250M for Ethereum Gaming
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Arbitrum is set to unlock a massive $250 million, promising to supercharge the world of blockchain gaming. Discover what this means for gamers

To strengthen the gaming ecosystem on Ethereum's layer-2 network, more than $250 million in Arbitrum tokens will be unlocked over the next three years. This move follows significant backing for a DAO proposal now up for vote by token holders.

Arbitrum, a scaling solution for Ethereum, offers quicker and more cost-effective transactions than the mainnet.

It has drawn several notable gaming projects, such as the Xai layer-3 network, Treasure's Infinity Chains, Proof of Play’s on-chain gaming network, AnimeChain, and the upcoming ApeChain, which will support Bored Ape Yacht Club-themed initiatives using ApeCoin.

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Despite the significant gaming activity already happening on Arbitrum, its supporters are eager to foster even more growth in this area.

The Gaming Catalyst Program (GCP) is designed to boost gaming on the network, allocating 225 million ARB tokens (over $255 million) over three years. This includes 200 million ARB specifically for gaming projects and an additional 25 million ARB for managing the funding campaign.

These tokens will be strategically distributed across two key initiatives. The first, aimed at builder onboarding and growth, will allocate 160 million ARB tokens to attract and support game developers. This funding will be provided through grants or direct investments in individual projects.

The second initiative, infrastructure bounties, will receive 40 million ARB tokens to develop the necessary tooling and technical infrastructure to support the gaming community on the Arbitrum network.

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"Publishers and developers will undergo a stringent evaluation process to ensure alignment with the proposal's goals and Arbitrum DAO's values," the DAO proposal states.

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Today's Top 3 Crypto Picks
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Discover why Solana's strategic changes, Notcoin's resilience, and Celestia's rebound potential make them the best cryptos to buy today.

The cryptocurrency market is buzzing with activity, and today, Solana, Notcoin, and Celestia are grabbing the spotlight. These three tokens are showing some interesting moves and developments that could make them smart picks for anyone looking to invest in crypto right now.

Today's Top 3 Crypto Picks
1. Notcoin,
2. Celestia,
3. Solana

Notcoin, Celestia, and Solana each have unique strengths that make them appealing right now.

Notcoin's recent price dip, combined with increased trading volume, suggests it's a hidden gem waiting to bounce back.

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Celestia's strong rebound potential, highlighted by significant price and volume increases, makes it a candidate for a big comeback.

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Price of Shiba Inu When it Reaches $92 Billion Market Cap
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Discover Shiba Inu's potential to reach a $92 billion market cap, its price predictions, and insights on whether now is the best time to invest in SHIB.

Shiba Inu (SHIB), has a new goal: reaching a $92 billion market cap. This milestone, previously achieved by Dogecoin (DOGE), would mark a significant increase in SHIB's value, pushing its price to $0.000159. Let’s break down the details.

Dominance of Dogecoin in the Market

Dogecoin, the original meme coin, hit an impressive $90 billion market cap in May 2021. This was fueled by a price surge that saw DOGE reach an all-time high of $0.7316.

Elon Musk, Tesla CEO and X CTO, played a major role in promoting Dogecoin. However, DOGE’s value has since dropped to $0.148, with its market cap now at $21.37 billion according to CoinMarketCap.

Despite this decline, Dogecoin remains the leading meme coin. Shiba Inu, the second-largest meme coin, is looking to challenge this position.

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Currently, SHIB has a market cap of $13.51 billion. To match Dogecoin, Shiba Inu needs to add another $7.86 billion to its market value, necessitating a massive price surge.

Shiba Inu Price at $92 Billion Market Cap
According to media personality and Bitcoin investor Moataz “Eljaboom” Elsayed, SHIB’s market cap would need to increase by approximately 600% to reach $92 billion.

Assuming SHIB’s circulating supply remains at 589 trillion tokens, its price would hit $0.0001561 at this market cap. This would be a 123% increase from Shiba Inu’s peak valuation of $41 billion in October 2021.

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While this target might seem ambitious, crypto analyst Javon Marks has also predicted that SHIB could reach the $0.00015 price level. Eljaboom also noted that other meme coins would require even more substantial surges to hit a $92 billion market cap.

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Solana (SOL) Price Prediction: Below $200 & Undergoing Changes. Time To Invest in SOL?
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Considering Solana's strategic steps to enhance network integrity, are you still hesitant about whether now is the right time to invest in SOL? Here is the full Analysis and SOL price prediction...

Solana (SOL) is currently priced at $159, reflecting a minor 0.07% decrease over the past 24 hours and a 3.66% drop over the past week.

Despite these short-term fluctuations, Solana has shown a positive trend over the past month with a 3.30% increase. With a market capitalization of $73.39 billion, Solana holds the fifth position among all cryptocurrencies.

Trading volumes remain robust, hitting $1.37 billion in the last 24 hours. However, Solana's value is significantly below its all-time high of $260.06, reached in November 2021, indicating a 38.52% decline from its peak.

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Solana's technical indicators present a mixed outlook. Short-term moving averages, both Exponential Moving Averages (EMA) and Simple Moving Averages (SMA), signal a bearish trend with values around 164.12, 164.61, and 163.52.

In contrast, long-term indicators, including the 50-day and 100-day EMAs and SMAs, suggest a bullish trend, indicating potential for long-term growth.

The Relative Strength Index (RSI) stands at 45.92, indicating a neutral market with no immediate signs of being overbought or oversold.

Other oscillators also hover near the neutral zone, supporting this view. The Commodity Channel Index (CCI) at -125.53 hints at a buying opportunity, while the MACD level at 0.50 suggests a sell.

Fibonacci pivot points identify key support and resistance levels, with immediate support at 157.70 and resistance at 196.71.

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Breaking the resistance at 196.71 could push Solana towards higher resistance levels at 227.92 and 298.14, signaling a potential bullish breakout.

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Top 3 Meme Coins to Buy This June 2024
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Discover the top 3 meme coins to buy in June 2024: Pepe Coin, Dogecoin, and Shiba Inu. Get the latest analysis and insights.

Looking for the best meme coins to invest in this June? Here are the top three picks: Pepe Coin, Dogecoin, and Shiba Inu.

These coins are popular in the crypto community and have interesting developments that could make them worth considering for your portfolio.

For June 2024, Pepe Coin, Dogecoin, and Shiba Inu are strong contenders in the meme coin market.

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Pepe Coin shows potential due to significant whale purchases. Dogecoin’s price may rebound if it breaks through current resistance levels.

Shiba Inu’s innovations and token burn mechanism make it a unique and promising option.

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FTX Allegedly Sells Millions of XRP: What's Happening?
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In a recent development that has caught the attention of the cryptocurrency community, PeckShieldAlert reported that addresses associated with FTX and Alameda transferred approximately $12 million worth of cryptocurrency.

This significant movement included 5 vBTC, worth around $7 million, sent to Wintermute and 10 million WXRP worth $5.2 million transferred to Binance.

Wrapped XRP (WXRP) is a tokenized version of XRP that exists on other blockchains, allowing XRP holders to use their assets in decentralized applications.

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Meanwhile, FTX and Alameda, both involved in bankruptcy proceedings, have been under scrutiny for their cryptocurrency holdings and transactions.

FTX's exact remaining XRP holdings remain unknown. Reports from September indicated that the bankrupt exchange had over 225 million XRP in its accounts.

If the most recent transfer data is accurate, the amount sent to Binance represents no more than 4.44% of the total XRP held by FTX and Alameda.

XRP price outlook

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This transaction coincides with a notable drop in the market value of XRP. Since the beginning of the day, the price of XRP has fallen more than 3.4%, dropping below the key psychological level of $0.50 per XRP.

This decline raises questions about possible correlations between the FTX transfer and recent price movements.

While it is possible that the price decline and the large transfer are unrelated, such a significant movement of assets could affect market sentiment.

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The transfer could scare off investors and reinforce bearish predictions, putting further downward pressure on XRP's price.

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5 AI-Based Cryptos Set To Explode After Nvidia (NVDA) Stock Split
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AI-based crypto could particularly benefit from Nvidia (NVDA) stock split, with tokens like TAO, RNDR, NEAR, GRAPH and FET likely to see significant gains in price.

HIGHLIGHTS
Fetch.ai , SingularityNET, and Ocean Protocol will merge on June 11, 2024.

Render’s daily trading volume surges 137%, implying a rise in investor interest.

Near is one of the L1s that have conquered the blockchain trilemma through sharding.

After the Nvidia stock split, investors are flocking to invest in AI-based cryptos before their prices soar.

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Stock splits simply generate more shares at lower prices in response to rising demand and the growing popularity of a company.

This surge in interest reflects the booming demand for computer chips, prompting Nvidia to adapt to meet it. This may, in turn, roll over to the crypto industry.

According to CoinGecko data, there are over 170 cryptocurrencies in the AI category, making it challenging to select the right one for investment.

However, these five AI-based cryptocurrencies have the potential to significantly boost your portfolio to six figures.

Nvidia’s success is an indicator of increasing demand for computer chips. It is also an indirect indicator that AI development will only ramp up.

As the demand for NVDA stock soars, so will the demand for AI-based cryptos. These are only a select few but there are many more out there to choose from before the bull market fully kicks in.

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Internet Computer Price Prediction 2024, 2025, 2030: Will ICP Price Bounce 2X This Year?
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The post Internet Computer Price Prediction 2024, 2025, 2030: Will ICP Price Bounce 2X This Year? appeared first on Coinpedia Fintech News

Story Highlights
The current price of the ICP token is $ 12.31216531.
The ICP price with a potential surge, is expected to reach a top of $26.87 during the year 2024.

With a potential surge, the Internet Computer price is predicted to reach a high of $95.81 by the end of 2030.

The world of the Defis has been on a rollercoaster ride. With a myriad of projects debuting in the market to mark their foothold. Projects like Internet Computer (ICP) came with stupendous ideas of allowing the public to develop innovative Decentralized applications.

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This helped the protocol establish its reign in the industry.

Furthermore, its blockchain-based computer allocates and gauges smart contract computation and data collection at web speed. Besides, it also grossly oversimplifies the
implementation and storage of information. And offers flexible software architectures to the ICP community’s programmers.

Are you one of the many who missed the bandwagon of Internet Computer’s historic price run, and have been analyzing the prospects? Look no further, as we decode the feasible ICP price prediction for 2024 and the years to come!

Internet Computer Price Prediction 2024 – 2030

2024 18.89 22.88 26.87
2025 23.29 28.96 34.63
2026 32.71 37.88 43.05
2027 40.40 46.485 52.57
2028 49.68 55.225 60.77
2029 57.03 65.645 74.26
2030 63.18 79.49 95.81

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Meme Coin Market Plunges 4% Amid Flash Crypto Crash As DOGE, SHIB, And PEPE Tumble
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The meme coin sector’s market capitalization plunged more than 4% in the last 24 hours as leaders Dogecoin (DOGE), Shiba Inu (SHIB), Pepe (PEPE) all posted losses amid a flash crypto crash.

DOGE, the largest meme coin, lost 2% to trade at $0.1414 as of 2:40 a.m. EST, pushing its weekly performance down by more than 10%.

PEPE, WIF, FLOKI And SHIB Unable To Overcome Bearish OnslaughtThe rest of the top 5 meme coins all also suffered 24-hour losses.

FLOKI was the biggest loser with its over 7% drop. Its canine-themed counterparts were unable to buck the trend with SHIB and WIF down 3% and 4%, respectively.SHIB, PEPE, WIF and FLOKI also saw their weekly performances nudged deeper into the red as the meme coin market continued its longer-term negative trend.

WIF bled the most throughout the past seven days after its price dropped more than 18% during this period.Some Smaller Meme Coins Bucked The TrendSeveral smaller meme coins bucked the down trend.

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Byte (BYTE) emerged as the top-performer, with its over 70% surge, according to CoinGecko. Jesus Coin (JESUS) and Hoppy (HOPPY) were also in the green with 8% gains each.

Smaller tokens outperforming the meme coin leaders could be indicative of traders and investors seeking shelter from the bearish storm in cryptos that are not as actively traded and as affected by major market movements. 

Newly-launched presales that have not yet listed on exchanges and are subsequently not susceptible to the market’s volatility could also pull investors in.

Among analyst favorites at the moment are PlayDoge (PLAY), a play-to-earn Dogecoin derivative that’s raised $3.7 million in less than two weeks.

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WienerAI (WAI) is another hot presale that has raced to almost $5.4 million in funds raised, while Sealana (SEAL) on Solana is offering investors a last chance to buy after surging past $4 million.

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Will Pepe Coin (PEPE) Price Recover in June 2024?
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As June progresses, the global cryptocurrency market is experiencing a downturn, as Bitcoin trades below $70,000. Amid the broader market decline, Pepe Coin (PEPE) has experienced significant price fluctuations as well.

The frog-themed cryptocurrency memecoin built on Ethereum experienced a decrease of 18.78% in the last week, despite a positive upward trend in the long run.

After dropping 32.27% from its peak on May 27, 2024, the inconsistent performance raises the question: can PEPE bounce back by the conclusion of June 2024?

The current Pepe Coin (PEPE) price is $0.00001169, showing a decrease of 7.76% in the last 24 hours and a larger drop of 18.78% over the previous week.

However, the meme coin saw a growth in its value by 35.23%, indicating resilience in the long-term.

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PEPE boasts a market cap of $4.92 billion, earning its position as 24th, among cryptocurrencies, according to CoinMarketCap.

The coin is experiencing heightened trading activity, with a surge of 30.16% in 24-hour trading volume, reaching $1.24 billion in just 24 hours.

The ratio of volume to market cap is 25.07%, showing a good level of liquidity in the market.

PEPE hit its highest point ever at $0.00001718 on May 27, 2024, a mere 15 days in the past. Afterwards, the price decreased by 32.27%, indicating a correction phase after reaching the all-time high.

This correction followed the heightened interest in the Ethereum ecosystem after the approval of the 19-4b ETF application forms. The subsequent decline aligns with Ethereum (ETH) moving into a consolidation phase.

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Technical Analysis of PEPE Coin (PEPE)
Moving averages analyze market trends by averaging price data over certain timeframes, offering a more balanced perspective. For PEPE, the current signals are mixed.

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