The crypto market remains under bears’ grip influenced by the possible impact of the Bitcoin (BTC) halving. This event, which halves the reward for mining BTC, is fueling heated debate about the direction the market may take.

Meanwhile, Bitcoin sees massive outflows of capital with over $80 million liquidated recently, which caused the coin plunge below $63,000. 

While general market sentiment remains pessimistic, savvy investors are shifting their focus to emerging, promising contenders. Specifically, BlastUP has gained much attention recently, with its successful presale attracting investments of over $4.6 million so far.

Presale opportunities: benefits of early-bird investments

Cryptocurrency presales are opportunities for early-stage crypto projects to sell tokens to investors prior to a public offering. By arranging presales, projects get initial funding, build a community of committed supporters, and give early adopters a chance to benefit from potential future gains. The most outstanding case of presale success is the one of Ethereum. Its presale was held in 2014, and back then it was possible to buy Ether tokens at as low as $0.31 per ETH. The fortunate investors who capitalized on the chance to acquire this undervalued asset, transformed their modest investments into significant fortunes.

See Also: Worldcoin Introduces World Chain Layer-2 Amidst Regulatory Spotlight

When evaluating cryptocurrency presales, several key factors should be considered: 

the project’s whitepaper

the team’s expertise

the feasibility of the technology

the economic model of the token (tokenomics).

It’s important to scrutinize the project’s underlying concept to assess its practicality and potential impact on the market.  

Presales are private events, distinct from initial coin offerings (ICOs), and often offer benefits like discounted token prices. This allows investors to buy tokens at a reduced rate, which can lead to substantial returns if the project succeeds.  

BlastUP ticks all the boxes needed to succeed

BlastUP is the first launchpad on Blast that is gaining traction fast thanks to its robust concept, strong backing by an experienced team of crypto developers and well-elaborated tokemonics. Its integration into Blast adds reliability, as this unique Layer 2 blockchain has a large following, achieving a total locked value (TLV) of $1 billion within just one month. Additionally, the recent launch of the Blast Mainnet has propelled it into the top 10 projects by TLV.

The BlastUP platform stands out in the Blast ecosystem as it plays a vital role, serving a launching pad for crypto startups and dedicated to help them grow faster and earn more. This approach has already caught the attention of many early-stage investors who see significant potential in it. BlastUP boasts a large and growing community, with over 10,000 BLP token holders already on board and more people willing to secure their spot in this promising venture.

The presale of BlastUP tokens has made significant progress, with six phases already completed and four remaining. This presents an opportunity for those seeking hidden cryptocurrency gems to purchase $BLP tokens at a compelling price.

The ongoing success of the BlastUP token presale is evident, with over $4.7 million raised in just a few weeks. This impressive figure underscores the trust and commitment of early adopters who recognize the project’s substantial potential. 

BlastUP’s reliability confirmed by CertiK and Assure DeFi

BlastUP has successfully passed the compliance checks by CertiK and Assure DeFi, two of the most reputable audit agencies in the industry. This endorsement serves as a testament to BlastUP’s commitment to security and trustworthiness, key attributes for attracting both developers and investors to the platform. 

This validation is crucial in establishing BlastUP’s credibility in the rapidly evolving blockchain environment, further enhancing its position as a dependable partner for launching new and innovative crypto projects.

BlastUP serves catalyst for blockchain startup success

BlastUP acts as a powerful catalyst for fostering a conducive environment for DApp launches. At the heart of its strategy is the Launchpad Accelerator, which equips startup teams with comprehensive documentation and sophisticated tokenomics, thereby facilitating effective capital raising.

See Also: Binance To Return To India After Paying $2m Fine For Non-Compliance

Security is a cornerstone of BlastUP’s ethos. The platform’s rigorous Project Screening ensures that only the most credible projects are admitted, thus preserving the integrity of its ecosystem. This steadfast commitment to security solidifies BlastUP’s status as the go-to platform for those seeking reliability and trustworthiness.

Looking ahead, BlastUP plans to improve the way startups get launched on the Blast network by incorporating AI and Web3 technologies. Its strategic roadmap through 2026 includes bold initiatives such as an AI-enhanced IDO screener, specialized tools for AI-equipped startup teams, and the introduction of an interactive Community Marketplace. These initiatives underline BlastUP’s commitment to pushing the boundaries of its ecosystem and becoming the major force in the crypto realm. 

Conclusion

As the Bitcoin halving event approaches, casting uncertainty over the cryptocurrency market, BlastUP attracts attention with its high potential for growth. Despite the bearish sentiment overshadowing the general crypto space, BlastUP has successfully attracted substantial interest through its presale, raising over $4.7 million.

This is indicative of the platform’s robust foundation and the compelling value proposition it offers to investors looking for emerging opportunities in blockchain technology. The approval from reputable audit agencies like CertiK and Assure DeFi further validates its security and trustworthiness, bolstering its appeal as a launchpad for blockchain startups.

With its forward-looking initiatives and a strong focus on integrating AI and Web3 technologies, BlastUP is not just navigating the current market dynamics effectively but is also setting the stage for sustained influence and success in the evolving blockchain ecosystem.

BlastUP official website

 

The post Bears take over with BTC halving influence, but BlastUP continues its ascend, raising over $4.7 million appeared first on BitcoinWorld.

The buzz around alternative cryptocurrencies (altcoins) is growing, as predictions suggest a significant surge in their value in 2024. Savvy investors who seek substantial growth for their portfolio might find that now is the pivotal moment to focus on these promising coins.

With a bull run already in full swing, understanding which altcoins have the potential for exponential increases—some possibly reaching gains between ten to a hundred times—could make a significant difference in investment outcomes. This article delves into these altcoins, highlighting why they stand out in a booming market.

BlastUP Goes Viral, Raising $4.7 Million in a Few Weeks

BlastUP, the premier launchpad on Blast, has recently made waves in the crypto world with its stunning debut, raising $4.7 million in just a few weeks. Many smart investors are rushing to buy BlastUP tokens before their value skyrockets.

Holders of BlastUP tokens may benefit from a number of privileges including  participation in an Airdrop , exclusive loyalty rewards for participating in IDOs, and the ability to earn interest through staking.

BlastUP stands out from the crowd in the crypto world. Backed by Blast, the sixth largest blockchain by TVL, it offers genuine utility as a launchpad for DApp ventures. With its motto Grow faster, earn more, BlastUP is dedicated to propelling the success of blockchain startups. Those who join BlastUP now become part of a project poised to become the next big thing in this bull run.

See Also: Polkadot Price Forecast: Will DOT Reach the $5 Level Soon?

>> Buy BlastUP tokens before they skyrocket <<

Aptos Faces Volatile Market Trend Amidst Investor Watchfulness

Aptos seems to be navigating through a choppy market with its price showing significant movements. Over the past weeks, the trend suggests that the coin has experienced some downward pressure, yet it maintains a strong position compared to a few months back. The balancing act between upward and downward forces hints at cautious investor sentiment, as market participants are likely keeping a close eye on both short-term fluctuations and long-term potential.

Considering the basics of Aptos, its ability to potentially affect the market could be linked to its underlying technology and the trust of its user base. As the project continues to develop and gain attention, its resilience in facing market swings could either cement its position among traders or lead to shifts in investor confidence, directly influencing its standing in the competitive crypto landscape.

XRP Shows Mixed Signals Amid Market Fluctuations

XRP’s market performance has been showing a balancing act between gains and losses. The price of XRP is hovering between certain low and high points, but it hasn’t approached its closest higher or lower thresholds in recent times. The average prices over short and long periods are almost the same, indicating a lack of strong momentum in any direction. The indicators that measure buying and selling pressure suggest that investors are neither overly excited nor particularly pessimistic about XRP’s future.

The market’s feelings about XRP seem cautious, as the trading range stays stable without leaning towards a clear uptrend or downtrend. XRP is a well-known digital currency with a focus on payment and exchange processes. In light of this, despite the recent price dips over the week and month, its established position and utility could help it to maintain a certain level of interest among investors, balancing out the mixed sentiment seen in the trading indicators.

Solana Experiences Surge with Caution on Horizon

Solana’s market sentiment seems cautiously optimistic right now. Its recent price movements have been upward, with a solid increase over the past several months. However, the recent week shows a slowdown, suggesting that investors might be taking a breath and evaluating the market. This coin is known for its fast and efficient blockchain, making it a favorite among users looking for quick transactions and developers seeking a reliable platform.

See Also: These Altcoins Dumped The Most As Bitcoin (BTC) Slipped Beneath $60K

The current market behavior could lure more attention to Solana’s technological benefits, driving its adoption. If this interest translates into actual use, Solana’s value might see further growth, solidifying its place in the competitive crypto landscape. As it stands, the current sentiment could entice cautious investment with an eye on the long-term potential of Solana’s technology.

Conclusion

Altcoins such as APT, XRP, and SOL are expected to grow, but their short-term potential might not match the explosive growth projected for BlastUP. BlastUP stands out in the Blast ecosystem with a solid concept that could lead to significant investment gains. Focusing on BlastUP could offer the most rewarding prospects for investors seeking substantial returns.

Site: https://blastup.io/

Twitter: https://twitter.com/Blastup_io

Discord: https://discord.gg/5Kc3nDhqVW

Telegram: https://t.me/blastup_io

 

The post Major Altcoins to Surge in 2024: Act Now for 10x-100x Investment Upside! appeared first on BitcoinWorld.

TLDR

Bitcoin’s (BTC) price falls to a monthly low.

Experts back Milei Moneda ($MEDA) as the next big crypto sensation.

With the Bitcoin halving approaching and experts divided on whether BTC can return to $70K, they see potential in the presale of $MEDA. The hype around Milei Moneda’s humorous take on politics and tech has boosted interest in their upcoming launch. For traders considering the prospects of Milei Moneda against the backdrop of the halving, its ambitious roadmap and community engagement provide reassurance. Let’s explore why the new meme coin is the best crypto to buy for 2024.

Economize Like Milei: Invest in $MEDA!

 

Bitcoin Halving Looms: Will $70K Return?

The price of Bitcoin (BTC) dropped to a monthly low recently, dipping briefly below $60,000, wiping out gains made over the past month. This pullback in the value of Bitcoin came after volatile moves in the crypto markets, driven by rising inflation data in the US. Over the past week, about $784 million in long positions were liquidated amidst the sell-off.

However, some experts remain optimistic that Bitcoin could pump above $70,000 before the upcoming halving event. Their bullish outlook is supported by the recent approval of Bitcoin spot ETFs for three offshore Chinese asset managers by Hong Kong’s Securities and Futures Commission. 

Nevertheless, geopolitical sensitivity is expected to continue shaping market sentiment in the coming weeks, with some industry observers drawing comparisons between recent events in the Middle East and the cross-market crash triggered by the COVID-19 pandemic in 2020. As investors eagerly await the halving event, the question of whether Bitcoin (BTC) can regain its momentum and reach $70,000 remains uncertain. 

 

Milei Moneda: The Meme Coin To Watch

As the highly anticipated Bitcoin halving approaches, market sentiment is being closely evaluated by experts who are eager to determine the cryptocurrency’s potential for a resurgence. Amidst these discussions, one cannot overlook the exciting prospects surrounding the Milei Moneda ($MEDA) presale, which has garnered significant attention in the crypto community.

Known for its unique blend of humor, politics, and blockchain technology, Milei Moneda has emerged as one of the top altcoins with a growing social media following. Its innovative approach has captivated investors, instilling a sense of enthusiasm and FOMO. The project’s prospects are further enhanced by its exciting developments and forthcoming partnership announcements, which are expected to generate substantial hype.

The ongoing public presale of $MEDA presents an enticing opportunity for investors to participate and potentially profit when the project launches on Uniswap at an altcoin price of $0.020. Priced at $0.0125 in Stage 2, the $MEDA token has already attracted attention from crypto experts who consider it one of the best coins to invest in the market.

Furthermore, the Milei Moneda team recognizes the importance of investor trust and security. To ensure a robust and trustworthy ecosystem, they have planned a comprehensive audit of the project’s Smart Contracts. This audit aims to provide investors with confidence in the integrity of Milei Moneda, safeguarding their funds and establishing a foundation for long-term growth.

 

Got $MEDA curiosity? Visit us or chat on Telegram for the inside scoop. Fast, fun, and informative!

The post Can Bitcoin Bounce Back to $70K Before Halving? Expert Evaluates Market Sentiment and Bullish Potential for $MEDA Presale appeared first on BitcoinWorld.

BEFE coin stands uniquely in contrast to the rest because of its consistency in upswing price rally and ability to maintain good performance in negative market period.

The unpredictability of the meme coin sector in the cryptocurrency industry is on a significant level. This is the reason numerous investors proceed cautiously in the meme coin sector to try not to make surprising misfortunes.

However, BEFE coin stands uniquely in contrast to the rest because of its consistency in upswings and ability to maintain good performance in negative market period. This has made it the most loved choice for investors looking for a good option amidst vulnerability in the crypto space.

The use cases of BEFE is responsible for experts positive assessment of the coin’s future. With the price valuation going higher, more investors are taking advantage of the opportunity to make profit.

BEFE, The Most Blazing Crypto To Take Advantage Of

BEFE have encountered clear footings since its origin and this is the reason for the increasing attention it’s getting in the crypto space. It’s demonstrated its class over other meme coins because of the utilization cases implanted in it.

See Also: What to Anticipate from Bitgert Coin After the Bitcoin Halving

BEFE has proffered solutions in disposing of issues emerging from gas fees as it works on a gas free design, permitting investors  to partake in its financial activities on the space without confronting impediments brought about by gas fee.

It likewise gives a medium through which investors can make automated revenue by means of the staking offering coming about because of its partnership with Bitgert. Profit is being given to investors as BEFE coin, depending on the quantity of coins being staked.

The scalability, top notch security and proficiency are significant reasons BEFE is currently investors choice to make profit from in the crypto space with whales trooping into the space. 

BEFE Coin, A Clear Cut Opportunity To Yield Massive Return Of Investment

Overviews on the meme coin industry shows that it is the space with the most noteworthy volatility compared with other aspects of blockchain. It is difficult to find a meme coin with the ability to sustain its growth, however the case is different with BEFE coin as it has impressive utilities to sustain growth and trigger value increase which hugely benefits investors.

This is the reason BEFE finds it simple to flourish in the crypto space because of its nature of presenting advantageous utilities that will serve investors better. BEFE is one of only a handful of exceptional image coins in the industry implanted with quality utilities that investors can appreciate, the reason it should be taken advantage of

Rounding Up

The rise in BEFE’s value shows that a massive uptrend is inevitable. To make good profit from the crypto space, choosing BEFE is advisable. It is  also important for examinations to take place before any financial decision is made by investors. Get to find out about BEFE through this website.

The post BEFE Coin’s Price Rally: Seizing the Opportunity for Profit appeared first on BitcoinWorld.

The much expected Bitcoin halving has come and gone but what should investors anticipate from the Bitgert Coin BRISE? Here is an analysis.

Now that the cryptocurrency market is experiencing a market correction, people are trying to find a token that can help keep their portfolio on the greener side. Bitcoin halving has already reduced the profit that people made during the bull run. During this time, Bitgert’s BRISE coin has become one of the fastest-growing tokens in the market.

Bitgert’s BRISE coin was able to rise by nearly 40,000% since its launch in 2024 itself. The token has the backing of one of the most affordable and fastest blockchain networks. People are trusting Bitgert’s BRISE coin for its technology and performance. Let’s check out what is so special about this token and why should you invest in it.

The Bitgert Chain Growth 

There are multiple reasons why Bitcoin has become inefficient in the market now. Firstly, it is the oldest blockchain network available and secondly, the technology is outdated and people demand revolution in the industry. Bitgert is here to modernize the whole industry and make blockchain solutions affordable to everyone.

See Also: Binance Listed 5 More New Altcoin Trading Pairs On Its Platform

Bitgert makes use of the latest firmware and offers layer 1 solutions to the creators for developing their projects on the Bitgert chain. The use of PoS and PoA consensus mechanisms makes it possible for the users to finish the transactions within microseconds now. The reduction in the need for validation and computation helps push the name of the token higher.

Bitgert offers a transaction speed of nearly 100k TPS and that too at a near-zero gas cost for the users. These features make it possible for the creators to be able to run multiple projects on the chain at a single time and that too with complete security and efficiency. The whole Bitgert ecosystem is supported by the BRISE coin. So, the increase in the need for Bitgert ultimately means it for the BRISE coin.

The Market Analysis of Bitgert’s BRISE Coin 

The cryptocurrency market is one of the most fickle-headed things to experience in the world. This market is more volatile than any other asset trade place. In this market, Bitgert’s BRISE coin has gotten experts cheering up for its price hike.

Bitgert’s BRISE coin is a BRC-20 token which functions using the base firmware of the Bitgert chain. This token has compatibility to support smart contracts which therefore makes the token even more desirable amidst the market. A deflationary mechanism is used by Bitgert’s BRISE coin to push its price up with the demand.

Bitgert’s BRISE coin has great market performance as well. The trading volume of this token is increasing each day while the experts state that Bitgert’s BRISE coin is a token with huge upside potential. The RSI score, MACD value, moving averages, etc. suggest to the users that there is a strong buy signal for the token in the market.

Conclusion 

We have seen how Bitcoin is getting bested by a token that has recently entered the market. Bitgert’s BRISE coin is being sought by investors for building as much profit as they can in less time. According to the experts, Bitgert’s BRISE coin will end this year at $0.0001 which means a nearly 400 times profit from the current pricing. So, if you too wish to invest in cryptocurrency, then this is the right time to start and that too with Bitgert’s BRISE coin.

The post What to Anticipate from Bitgert Coin After the Bitcoin Halving appeared first on BitcoinWorld.

TLDR

Experts believe SUI’s SuiPlay0x1 could yield more adoption and a price pump.

TAO’s listing on BINANCE gives Bittensor a major boost.

Milei Moneda’s $MEDA token delivers 25% profits, and imminent 60% profits impresses experts.

Virtually every crypto news item at the moment has some reference to the Bitcoin halving event. Make or break, everyone in the crypto market knows how influential the event could be for top altcoins and the entire market. From a  long list of altcoins, experts have shortlisted three for 50x gains. New cryptocurrency ICO, Milei Moneda ($MEDA), joins SUI and Bittensor (TAO) as the best coins to invest in, according to crypto experts.

Economize Like Milei: Invest in $MEDA!

 

SUI Introduces SuiPlay0x1 in New Partnership

There has been a lot of innovation in the gaming corner of the crypto space lately–airdrops, new games, and new features, as top DeFi projects in the niche try to outdo each other.

The biggest news in gaming is SUI’s introduction of its portable handheld console, SuiPlay0x1, which is expected to launch in 2025. SuiPlay0x1 is the result of a partnership between Mysten Labs, the developers of the SUI blockchain, and Playtron. 

The SuiPlay0x1 will drive an influx of users into the SUI ecosystem, and investors believe this could amount to tremendous growth in SUI’s adoption and value. Recent price downtrends have downed the SUI price by a weekly 25.8% loss, but with a 63.1% YTD growth, experts believe SUI is well placed for a positive price action.

 

TAO Goes Live on Binance

From gaming with SUI, we move to machine learning with Bittensor. Bittensor is fast becoming a main character in artificial intelligence and blockchain technology. Despite the recent price turbulence in the crypto market, Bittensor’s TAO token is steadying its course to profits, and investors have passed a vote of confidence on further TAO surges.

In recent crypto news, the popular crypto exchange platform Binance announced that it was going to list Bittensor’s TAO token on its platform. The listing has marked a significant milestone for Bittensor, as TAO investors now have more trading pair options.

TAO’s listing on BINANCE gives Bittensor a major boost. TAO is on a weekly 3.4% uptrend. The Bulls are firm on this, and experts agree that TAO remains one of the altcoins to watch.

 

Experts Spotlight Milei Moneda’s Profit Potential

Milei Moneda has been on a roll lately as the new meme coin continues to lead other new ICOs. Milei Moneda’s $MEDA token has returned 25% ROI despite having only entered Stage 2 of its presale, but that’s not the only thing that excites investors about $MEDA.

In case you’re curious, Milei Moneda is named after president Javier Milei of Argentina. As the meme coin and ecosystem, Milei Moneda adapts some of Javier’s most exciting characteristics, and his relentless enthusiasm. The meme coin will be looking to lead the charge for economic revolutions and Defi adoption.

Milei Moneda’s $MEDA token has a deflationary feature. With the token set to burn 5% on every transaction, experts believe its value will continue to gain with consistent user transactions.

In addition, Milei Moneda‘s community offers investors extra rewards for $MEDA holders who come up with progressive ideas for the project. Members vote on important decisions and liaise with other $MEDA holders at community events.

The $MEDA train is fast-moving. The token is selling at $0.0125 now in Stage 2 of the presale, and the prices will go up to $0.020 when $MEDA launches in May. That’s 60% sure profits if you buy now.

Got $MEDA curiosity? Visit us or chat on Telegram for the inside scoop. Fast, fun, and informative!

The post SUI, Bittensor, and Milei Moneda – Expert Certifies This Trio for Over 50x Gains After Halving appeared first on BitcoinWorld.

TLDR

Toncoin (TON) could return to $7 if the market recovery continues.

Pepe has also dropped in mid-April.

NuggetRush (NUGX) has raised $3.8 million from selling presale tokens.

Notcoin’s launch indicates growing GameFi activity on Toncoin (TON). Pepe’s demand has also soared, leading to talks of a quick price recovery.

NuggetRush’s (NUGX) gaming spectacles continue to pull investors toward the P2E industry. Many gamers are eager to collect gold and NFT prizes from NuggetRush’s (NUGX) ecosystem. Yet, can it become one of the top DeFi projects? Let’s discuss.

>> Buy NuggetRush Now <<

 

Toncoin’s Community Celebrates Notcoin’s Upcoming Token Launch

Toncoin’s (TON) gaming ecosystem is super excited over the upcoming launch of Notcoin’s token. Like many top altcoins, gaming activity on Toncoin (TON) has grown in 2024. In March, Notcoin, a telegram-based game, announced that its total user count had grown to 30 million. This rise coincided with the increase in Toncoin’s (TON) network activity.

Furthermore, it coincides with Toncoin’s (TON) price surge in April. TON traded at $4.0824 on March 12. It rose by 31.43% to $5.3658 on March 25. TON surged by 35.14% to $7.2521 on April 11 before falling by 6.75% to $6.7625 on April 14.

Analysts expect the surge in Toncoin’s network activity in April to continue till the end of Q2 2024. On April 12, Toncoin (TON) announced that the number of smart contracts on its network had doubled over the past month. Analysts expect this trend to continue, pushing TON’s value up by 6.80% to $7.2224.

 

Pepe Holders Hope For Big Things Following its New Listing on Coinbase

Pepe has become one of the most in-demand top meme coins in the crypto industry in April. Demand for Pepe tokens has remained high despite a recent market drop that reduced the growth momentum of many bullish altcoins. On-chain reports show that Pepe’s market capitalization surged to $4.2 billion in mid-March.

However, Bitcoin’s fall from $71,000 in the second week of April has affected Pepe’s momentum. PEPE traded at $0.000008918 on March 15. It fell by 8.91%, reaching $0.000008123 on March 30. Pepe dropped by another 8.22% to $0.000007455 on April 7 before a 27.08% decline to $0.000005436 on April 14.

Coinbase’s off-shore arm has announced a decision to list PEPE Futures. Analysts say the decision reflects growing demand for PEPE outside the USA. Furthermore, they say PEPE could rise by 66.40% $0.000009046 if demand for its tokens remains high.

 

Investors Flock to NuggetRush as its Early Supporters Jubilate over a 100% Increase

NuggetRush (NUGX) is now the main feature on crypto news sites as many investors dump other gaming tokens in favor of NUGX’s growth potential. After a 100% value surge in its presale, many analysts now say NuggetRush could become one of the top crypto coins. NuggetRush is all about the adventures of artisanal mining. 

It features a range of tasks that will get players digging and searching for valuable collectibles. NuggetRush (NUGX) pays tribute to the joys of artisanal mining, giving players excitement and high-value rewards. Joining its ecosystem will show you the ropes of artisanal mining while making you eligible for high-value gold rewards. 

NuggetRush’s (NUGX) gameplay will have you running a business built around the sale of mineral resources. You will get the full range of mining adventures, including soil survey, worker recruitment, mineral resource sales. NuggetRush (NUGX) also offers collaborative opportunities.

It features tasks that allow group participation while giving shared rewards and individual mining efficiency boosts. 

Some rewards include extra workers, machinery, special collectibles, and rare gems. NuggetRush (NUGX) allows players to sell these assets among colleagues on its marketplace. Gamers can also win up to 20% APY rewards for participating in NFT staking.

NuggetRush’s mining game will soon launch officially. The project has already raised over $3.8 million from selling presale tokens. Its value rose to $0.020, growing by 100% since its presale went live. NUGX currently trades at $0.020. Yet, analysts expect its growth to skyrocket in 2024.

Visit NuggetRush Presale Website

 

 

The post Toncoin And PEPE Investors Taken By Surprise By This Expert’s Wild NuggetRush Prediction: Is This The Next Big Coin To Hold? appeared first on BitcoinWorld.

The nearing event of Bitcoin halving would drive Bitgert Coin toward significant changes in its market dynamics. It might bring changes in investor sentiment and market liquidity that might derive Bitgert towards positive visibility. The stakeholders should be able to keep notice of these shifts for better strategies.

What is Bitcoin Halving?

Bitcoin halving is a programmed technical process to reduce the reward for mining new blocks by half; it was included in the Bitcoin network every four years. This is one of the consensus rules of Bitcoin and the most complex form of enforced limitation on the total supply of Bitcoins, which amounts to 21 million.

Originally, the reward was 50 bitcoins for mining a block. After the first halving in 2012, this reward was cut to 25 bitcoins, and it has halved subsequently every four years. Halving, therefore, is a way to control the speed of the addition of new bitcoins to the system much in the same way as a method to model the rarity and deflationary nature of metals.

This declining supply schedule leads to the heightened rarity of Bitcoin; the only consequent thing this can create is pushing its value upwards if either the demand remains constant or increases.

Technically, a halving occurs every 210,000 blocks mined, and historically, this has happened about every four years. This is very important for the predictability of the decline in supply, as it directly influences miners’ profitability, which further influences the security and decentralization of the network.

See ALso: JUST IN! Coinbase Announces It Will List A New Altcoin – Omni Network (OMNI)

Introducing Bitgert

Bitgert (BRISE) is a versatile crypto product on the blockchain that includes a wallet, audits, swaps, a staking platform, Bitgert exchange, and its blockchain—notable developments within 200 days of being born.

Bitgert rewards its holders with staking rewards in BUSD and introduces buy-back functionality to assist in price appreciation and give a sense of scarcity to holders.

Currently, Bitgert tokens can be traded on various platforms, with PancakeSwap (v2) being the most active. Meanwhile, Bitgert’s trading volume over the past day has decreased and is equal to $1,909,865, which is also lower than its average.

Though not quite close to that all-time high value of March 2022, the present price of BRISE depicts extraordinary growth from its all-time low, showing a volatile but possibly lucrative investment.

Bitgert’s current market cap is at $66,121,173, and the fully diluted valuation stands a bit higher at $71,364,123. Hence, this difference indicates growth if all tokens are to be issued with long-term prospects.

On the other hand, in a Bitcoin halving event, which usually augments the interest and the prices in the crypto market, Bitgert might be a beneficiary under such a scenario. The halving may lead to increased investment in altcoins like BRISE as investors look to diversify their portfolio in search of yield and growth beyond Bitcoin, especially with Bitgert’s array of offerings and reward mechanisms.

The Bitgert Prophecy: To Grow Or Not?

Overall, Bitgert and Bitgert-like nascent altcoins are poised to grow and gain much in the scope of halving. If you are one of the Bitgert enthusiasts, now is the time to place your bets in. However, we always recommend checking vetting sites for the latest Bitgert-related news before deciding your final put.

 

The post What to Expect from Bitgert Coin After the Bitcoin Halving appeared first on BitcoinWorld.

Seasoned investors are finding it difficult to ignore BEFE coin as there are a lot of possibilities that make its price rise over every project out there.

Most altcoins today do have a volatile nature and that’s because of their inability to maintain a constant value in rising. This is where the BEFE coin comes differently, as the availability of innovative technology that enables fast speed and security allows it to be a steady token in the market. Seasoned investors are finding it difficult to ignore BEFE coin as there are a lot of possibilities that make it an advantage over every project out there.

Interestingly, crypto coins that have succeeded could achieve their aims because there’s consistent hype around them. This is what the BEFE coin guarantees investors, as its dedicated community of supporters and developers makes the constant hype to ensure it doesn’t lose value in the market. Aside from this, let’s take a look at some other factors that are contributing to the BEFE coin rise in the near future:

Technological Integration

One of the things that most project seems to consistently fail at is the isolation of the coin and this is what makes the BEFE coin stand out. With integration with the Bitgert platform, people who invest in the blockchain would earn BEFE by staking, thereby allowing a passive income that increases the value of the coin. Also, the presence of the feature that allows 100,000 transactions per second makes the BEFE coin super reliable for effective usage.

See Also: NEAR Protocol Price Jumped As Kangamoon Approaches Presale Close

Strong Community

Imagine a situation where you can constantly be able to reach your goals all thanks to a solid community that’s ensuring that the hard jobs are completed. Well, that’s how the BEFE coin community is, as there’s a strong presence of developers and supporters that constantly make use of social media and other mediums to ensure it’s accessible to the rest of the world. This keeps the BEFE coin strong and helps to ensure that its value constantly rises in the market.

Constant Adaptation

Since changes occur often in the crypto market, investors sometimes get afraid of what can happen when they invest in a particular project. The BEFE coin is handling this major challenge as the developers regularly ensure to work on the protocol behind the coin to adapt to any change possible. This makes the BEFE coin very flexible and easy to adapt to any change or trend that may occur in the crypto market.

Indeed, investing in crypto projects can bring many risks but with the BEFE coin, it’s entirely a different situation. This is because of the BEFE coin’s strong community, presence of innovations, and the ability to constantly adapt to changes. Getting a BEFE coin today can save you the stress of worrying about your crypto wealth!

Add BEFE to your watch list. Follow the BEFE website for more.

The post BEFE Coin’s Price Projection: Set to Rise in the Near Future appeared first on BitcoinWorld.

Worldcoin announced the launch of World Chain Layer-2 (L2) to address Web3 scalability challenges and bad bots.

Verified World ID holders will receive priority blockspace and gas allowances on Worldcoin’s new network.

The move comes amid regulatory pressure in various jurisdictions, including a potential fine in Buenos Aires.

Despite facing controversies and regulatory scrutiny, Worldcoin, a crypto project co-founded by OpenAI’s Sam Altman, announced the introduction of its layer-2 (L2) solution named World Chain on April 17, 2024.

This move follows Worldcoin reaching 10 million users for its World App wallet a week ago.

World Chain Claims to Prioritize Scalability and Humans

World Chain, built on OP Stack and the Ethereum network, aims to address Web3 scalability challenges. This L2 solution will launch this summer.

Worldcoin claims that the network will be “open to everyone.” 

Moreover, it also promises that “verified humans, including more than five million verified World ID holders, will get priority blockspace over bots & a gas allowance for casual transactions.”

The network will integrate closely with the Worldcoin protocol to drive growth and utilize World ID’s Proof of Personhood system.

See Also: Hackatao Arrives On The Sandbox Metaverse With The NFT Game “HACK the TAO”

Regarding World Chain’s announcement, Alex Blania, CEO of Tools for Humanity (the entity behind Worldcoin), took his excitement to X (formerly Twitter).

“While still early, five million people have already verified with the Orb, and over 10 million accounts have been created. To continue accelerating, Worldcoin will launch a blockchain that can eventually support every human,” Blania said.

World Chain is designed to prioritize scalability, significantly increasing the L2 block gas limit. Worldcoin users’ transactions currently represent about 44% of OP Mainnet’s activity, sometimes exceeding 80% during spikes.

Worldcoin believes a core issue is the prevalence of bots on blockchains. It estimates up to 80% of blockchain transactions are automated.

While many bots serve legitimate purposes, unproductive ones often lead to congested networks and high fees. Ironically, this problem worsens as blockchains optimize for low gas fees and high throughput.

“Bad bots like airdrop farmers worsen many of the problems blockchains face today. People on the World Chain will have the option to anonymously verify their addresses as human with a World ID fully delinked from their ID, simply like a blue checkmark,” Tiago Sada, Head of Product at Worldcoin, explained.

Besides ETH, Worldcoin said that World Chain users can easily pay fees using WLD.

Interestingly, the price performance of Worldcoin’s native token, WLD, was modest after the announcement went live. 

WLD is trading at $4.744 at the time of writing, representing a 2.39% decrease in the last 24 hours.

Disclaimer: The information provided is not trading advice. Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

#Binance #WRITE2EARN

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Binance announced that it has listed 5 new altcoin trading pairs on the spot platform.

While Binance, the world’s largest cryptocurrency exchange, continues its altcoin announcements, it announced that it has listed new altcoin trading pairs on the spot platform.

Announcing that 5 trading pairs are listed at this point, most of them USDC, Binance stated that these are “APT/USDC, GALA/USDC, NEO/USDC, OMNI/BRL and STX/USDC”.

“Dear Binance members,

To expand the list of trading options offered on Binance Spot and improve users’ trading experience, Binance will open APT/USDC, GALA/USDC, NEO/USDC, OMNI/BRL and STX/USDC trading on 04/19/2024 at 14:00 UTC. will initiate trading for the pairs.

See Also: Binance Gets Dubai Crypto License Following CZ’s Departure

Additionally, Binance will enable Trading Bots services for APT/USDC, GALA/USDC, NEO/USDC, OMNI/BRL, STX/USDC trading pairs as of 19.04.2024 14:00 (UTC).

Note: BRL is a fiat currency and does not represent other digital currencies.”

Finally, Binance stated that users residing in some countries or regions cannot trade with the specified spot trading pairs and listed these countries or regions as follows: 

“Canada, Cuba, Crimea Region, Iran, Netherlands, North Korea, Syria, United States of America and their regions (American Samoa). , Guam, Puerto Rico, the Northern Mariana Islands, the U.S. Virgin Islands) and all parts of Ukraine outside government control.”

Disclaimer: The information provided is not trading advice. Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

#Binance #WRITE2EARN

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Binance crypto exchange is set to return to India after a four-month ban by paying a $2m fine for non-compliance, according to a report published in The Economic Times.

Binance and nine foreign crypto exchanges were blocked in India over non-compliance with local AML regulations.

Binance will be the second overseas exchange after KuCoin to mark a return to the country after India’s financial regulatory body blocked access to crypto exchanges for non-compliance.

The Indian Ministry of Finance’s Financial Intelligence Unit (FIU) blocked access to nine foreign crypto exchange’s URLs and mobile applications, including Binance, in the first week of January for failing to adhere to the country’s Anti-Money Laundering Act.

Binance reportedly accounted for more than 90% of Indian crypto trading volume before its ban in January earlier this year.

See Also: Binance Listed 5 More New Altcoin Trading Pairs On Its Platform

Indian users flocked to foreign crypto exchanges like Binance to bypass the severe tax impositions, which prompted the government to ban overseas exchanges not registered with FIU.

Now, with FIU registration, foreign crypto exchanges like Binance have to adhere to the same rules and regulations as Indian exchanges.

KuCoin has started a 1% tax deduction at source (TDS), and other foreign crypto exchanges looking to mark an entry into India will have to follow the same.

A person with knowledge of the matter told The Economic Times that it is “unfortunate that it took (Binance) more than two years to realize there is no room for negotiations, and (that) no global powerhouse can command special treatment, especially at the cost of exposing the country’s financial system to vulnerabilities,” reported ET.

Binance has a long history in India. It was believed to have acquired the local crypto exchange WazirX in 2019 but later claimed the deal never went through.

Binance claimed it only provided wallet services for WazirX as a tech solution and that WazirX was responsible for all other aspects of the exchange, including user sign-up, Know Your Customer (KYC), trading and initiating withdrawals.

While KuCoin and Binance have decided to become FIU-registered entities in India, OKX, another leading crypto exchange among the nine blocked crypto exchanges, shut its operations completely, citing the regulatory burden.

Disclaimer: The information provided is not trading advice. Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

#Binance #WRITE2EARN

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Binance, the world’s largest cryptocurrency exchange, received a long-awaited regulatory crypto license in Dubai. 

Binance received its Virtual Asset Service Provider (VASP) license after co-founder Changpeng Zhao gave up his voting power in the exchange’s local entity, Binance CEO Richard Teng told Bloomberg on April 18.

The Virtual Assets Regulatory Authority’s (VARA) final requirement for granting the VASP license was for Zhao to give up his voting power in Binance FZE, the Dubai-based unit of the exchange, according to unnamed people familiar with the matter.

The full regulatory license could signal a significant win for Binance, which has been under intense regulatory scrutiny for at least two years, since the FTX collapse.

In November 2023, Binance agreed to pay a $4.3-billion settlement to United States authorities to settle federal charges related to a lack of Anti-Money Laundering (AML) protocols violating the Bank Secrecy Act.

See Also: Binance Launched New Token Launch Platform, Megadrop, And List BounceBit (BB)

Binance co-founder Zhao pleaded guilty to one felony count, namely for failing to maintain adequate AML protocols, and resigned as part of the plea deal. Zhao’s sentencing is set for April 30. He faces up to 18 months in prison.

Why Did Binance’s Dubai Unit Sever Ties With Zhao?

Dubai’s VARA officials wanted to ensure that they didn’t interfere with Binance’s recent settlement with U.S. authorities, which forced Zhao to step down from his position as the CEO of Binance.

This was the main reason for VARA requiring Zhao to cede his voting powers in Dubai FZE. 

After Zhao’s voting control was surrendered, VARA took a stringent look at the products that the exchange planned to offer in Dubai, according to people familiar with the matter.

Despite receding voting rights, Zhao remains the ultimate beneficial owner of Binance FZE’s Abu Dhabi-based parent company.

Gaining a full license in the United Arab Emirates has been a focal point for Binance’s future operations, according to Alex Chehade, Binance Dubai’s general manager, said:

“Binance identified that the senior leadership of the UAE wanted to establish the region as a focal point for Web3. They’re trying to diversify away from fossil fuels, and they see [crypto] as a great driver for doing so.”

Binance received a preparatory minimal viable product license from VARA in September 2022, which enabled the exchange to offer a range of digital asset services for qualified retail and institutional investors.

Disclaimer: The information provided is not trading advice. Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

#Binance #WRITE2EARN

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P2P.org, a non-custodial staking service provider, has announced the launch of its Distributed Validator Technology (DVT)-powered restaking solution with Ethereum staking infrastructure protocol SSV Network. 

This collaboration represents a significant advancement in Ethereum staking, offering a more secure, efficient, and decentralized approach.

DVT-Powered Restaking Solution Enters the Market

The partnership between P2P.org and SSV Network marks one of the largest demonstrations of DVT’s capabilities. 

The technology will become ubiquitous in the liquid staking market, since it allows staking protocols to extend their validator set, bringing greater efficiencies in terms of maximizing uptime and bolstering decentralization.

Distributed Validator Technology is a solution for assigning key management to multiple parties which allows these entities to be responsible for maintaining a validator. This eliminates single points of failure. 

DVT entails splitting the key used to control the validator into a cluster. This helps make it virtually impossible for an adversary to obtain all the key parts needed to assume control.

P2P.org’s restaking solution harnesses the power of SSV Network’s DVT to offer Ethereum stakers a more robust and secure staking experience. 

By integrating DVT, P2P.org enables validators to participate in multiple instances, distributing the key fragments across different nodes.

See Also: Ragnarok Enters Web3 Through Ronin And Gravity Partnership

Meanwhile, the staking product offers an annual percentage yield (APY) of over 5.6%. This yield allows users to benefit from the rewards associated with securing ETH and Layer 2 protocols while maintaining the integrity and stability of the underlying network.

P2P.org Launches Staking-as-a-Business Model

Recall that P2P.org launched an entirely novel concept called Staking-as-a-Business (SaaB) to change the approach that companies implement in staking services. 

This creative solution solves common problems like restricted utility, attracting people to take advantage of staking services, and generating earnings.

According to the announcement, the SaaB model offers an infrastructure for staking and extra services like legal, marketing, and sales support. Staking is a way for ETH users to support the network while earning rewards.

However, the overall value locked for P2P.org has increased considerably, rising from $1.4 billion at the end of the first quarter of 2023 to an impressive $7.3 billion by the end of the first quarter of 2024. 

This amazing growth shows that Ethereum users are becoming more and more reliant on and trusting of P2P.org’s staking infrastructure, making it a big player in the industry.

Data from Dune Analytics shows that as of April 8, 240,832 ETH were staked on P2P.org, which is 0.75 percent of all the Ethereum that is staked. 

This makes P2P.org one of the best validators in the Ethereum environment, up against big names like Lido.

Disclaimer: The information provided is not trading advice. Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

#Binance #WRITE2EARN

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Crypto miners in Sweden owe over $90M in taxes after government investigations revealed four years of misappropriations.

The Swedish Tax Agency found several crypto firms provided misleading business descriptions to avoid paying taxes between 2020 and 2023.

The Swedish Tax Agency —Skatteverket — investigated the operations of 21 crypto-mining firms between 2020 and 2023. 

The investigation revealed that 18 crypto-mining firms filed “misleading or incomplete” information to benefit from tax incentives.

According to the agency, some crypto firms provided misleading business descriptions to avoid paying value-added tax (VAT) on taxable operations. Others found ways to avoid paying import taxes on mining equipment or income tax on mining revenue.

A rough translation of the Swedish Tax Agency’s statement read:

See Also: $11M Seized from Top British-Indian Businessman in Multi-Million Dollar Bitcoin Scam

“The described approach leads to tax disappearing from the country in the form of incorrect payments of input VAT, unpaid output VAT and unreported crypto assets.”

The crypto mining firms are required to pay the tax authorities over 990 million Swedish krona ($90 million) in total. 

This includes unpaid total VAT of 932 million krona ($85.4 million) and tax surcharges of approximately 57.9 million krona ($5.3 million).

While the crypto mining firms appealed against the $90 million demand from the Swedish Tax Agency, the administrative court upheld the appeals of two mining firms and rejected the rest. “The amounts above have been adjusted with regard to the verdicts.”

In November 2023, crypto mining firm Hive Digital Technologies acquired a commercial property and a data center in Boden, Sweden. At the time, Johanna Thornblad, Hive’s country president for Sweden, said:

“The new data center will enable HIVE to grow its regional footprint while further demonstrating its commitment to its ESG focus, sustainable practices, environmental responsibility, and energy efficiency with its newest “green” energy powered data center.”

The company confirmed that the property will also house its incoming generation of ASIC servers and increase its Bitcoin (BTC) production.

Hive owns and operates data center facilities in Canada, Sweden, and Iceland, and it promotes the use of green energy to mine digital assets such as Bitcoin on the cloud.

Disclaimer: The information provided is not trading advice. Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

#Binance #WRITE2EARN

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JPMorgan said it expects the price of Bitcoin (BTC) to drop after the reward halving instead of rallying.

The bank’s analysis shows that the cryptocurrency remains overbought.

Miners will be most affected by the event, the report said.

The Bitcoin (BTC) price is likely to weaken after the reward halving, a quadrennial event that slows the rate of growth in bitcoin supply and looks set to occur around April 19-20, Wall Street giant JPMorgan (JPM) said in a research report on Wednesday.

The bank sees downside for the world’s largest cryptocurrency after the halving because the market is still in overbought conditions, according to its analysis of open interest in bitcoin futures.

Furthermore, the cryptocurrency price of about $61,200 is still above the bank’s volatility-adjusted comparison with gold, which sets it at $45,000, and its projected production cost of $42,000 after the halving. 

See Also: Binance Launched New Token Launch Platform, Megadrop, And List BounceBit (BB)

The bitcoin production cost has historically acted as a lower boundary for BTC prices.

JPMorgan also notes that venture-capital funding remains subdued despite the recent crypto market resurgence.

The biggest impact of the halving will be felt by mining companies: 

“As unprofitable bitcoin miners exit the bitcoin network, we anticipate a significant drop in the hashrate and consolidation among bitcoin miners with a highest share for publicly-listed bitcoin miners,” analysts led by Nikolaos Panigirtzoglou wrote.

“Post halving event, it is also likely that some bitcoin mining firms may look to diversify into low energy cost regions such as Latin America or Africa to deploy their inefficient mining rigs to gain salvage values from those rigs which would otherwise sit idle,” the authors wrote.

Disclaimer: The information provided is not trading advice. Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

 

#Binance #WRITE2EARN

The post Is JPMorgan Right That Bitcoin May Likely Drop After The Halving appeared first on BitcoinWorld.

Polkadot (DOT) price is holding above the critical support of $6.3, which will cause it to tumble to multi-month lows.

The Sharpe Ratio is negative, at the lowest point in seven months, suggesting DOT will have trouble attracting investors.

Open Interest has declined by $154 million in six days, substantiating the bearishness.

Polkadot (DOT) price has exhibited resilience in the past few days, preventing further decline, but this will likely change.

The bearishness amplified during the recent decline will likely pull the altcoin down to test $5 as support.

Polkadot Finds It Difficult to Attract Investors

The recovery of Polkadot’s price would be much quicker with the support of DOT holders and potential investors. 

Generally, the addition of new investors and an increase in participation tend to trigger an upswing.

This requires the asset to be a profitable, attractive investment option, which DOT seems not to be currently. 

The Sharpe Ratio evinces this, given it is currently at -5.17. The Sharpe ratio measures the risk-adjusted return of an investment or portfolio. It provides insight into the efficiency of an investment strategy.

Negative figures indicate a lack of solid risk returns, which keeps investors away from the digital asset. Given that DOT’s Sharpe Ratio is at a seven-month low, Polkadot’s price will find some difficulty recovering.

See Also: Bitcoin Price Prediction As BTC Bounces From $60,000 Level – More Selling Incoming?

But beyond attracting new investors, retaining the interest of the present DOT holders is much more crucial. Polkadot is also losing in this regard since traders are pulling their money out of the Futures market.

This increases the potential for a decline in Polkadot’s price.

Polkadot’s price trading at $6.544 at the time of writing has corrected massively after invalidating the falling wedge. 

The altcoin is still vulnerable to additional decline since the market cues do not favor DOT.

If the support at $6.3 is breached, Polkadot’s price may decline further to $5.7. 

A drop to this level would represent a four-month low in price, potentially establishing it as a market bottom for 2024.

Disclaimer: The information provided is not trading advice. Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

#Binance #WRITE2EARN

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Binance announced the launch of its new token launch platform, Megadrop, and the listing of the altcoin called BounceBit (BB).

Binance, the world’s largest cryptocurrency exchange, announced the launch of Megadrop, its new token launch platform with Airdrops and Web3 missions.

See Also: These Altcoins Dumped The Most As Bitcoin (BTC) Slipped Beneath $60K

Binance also announced that the first project to be introduced on Binance Megadrop will be BounceBit (BB), a Bitcoin (BTC) repurchase chain.

The good news of the listing for this Bitcoin-based altcoin from Binance moved the price upward. After this news, BounceBit (BB) started to rise.

Disclaimer: The information provided is not trading advice. Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

#Binance #WRITE2EARN

 

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Binance moved its SAFU funds from Bitcoin and its native coin BNB to Circle’s USDC to ensure stability and reliability.

Amid the ongoing heightened cryptocurrency volatility ahead of Bitcoin halving 2024, the leading crypto exchange by daily traded volume and registered users Binance Holdings Ltd announced major changes to its Secure Asset Fund for Users alias SAFU. 

According to the announcement, Binance’s emergency insurance funds have fully been converted to USDC, a US dollar-backed stablecoin issued by Circle Internet Financial.

“Today, we are transferring 100 percent of SAFU’s assets to USDC. Making use of a trusted, audited, and transparent stablecoin for SAFU further enhances its reliability and ensures it remains stable at $1 billion,” Binance noted.

According to on-chain data, Binance converted a total of 16,277 Bitcoins in several batches and 1.36 million BNB coins to USDC. As a result, Binance SAFU wallets are now capped at $1 billion.

Established in 2018 during the tenure of Changpeng Zhao as the CEO, the Binance SAFU has set the cryptocurrency exchange apart from other exchanges. 

Furthermore, the Binance exchange has more than 187 million registered global users, who need protection against existential threats, especially from hackers.

See Also: Binance Converted $1 Billion SAFU Fund To USDC

Why Binance Opted for Circle’s USDC

The cryptocurrency market has heavily been regulated in the past year following the collapse of Terra Luna UST and FTX exchange. 

Already, Binance Exchange was forced to part with $4.3 billion as a fine for violating U.S. financial regulations on fraud and money laundering.

As a result, Binance has been doing all its operations by the books to ensure further growth prospects. 

Moreover, institutional investors are seeking secure and regulated web3 firms to operate with during the confirmed crypto bull run.

Notably, Circle’s USDC has achieved the second-largest stablecoin by market cap after the collapse of the Binance BUSD. 

As of this report,  Circle’s USDC had a fully diluted valuation (FDV) of about $32.7 billion and a daily average trading volume of around $9.1 billion.

As a fully US dollar-backed stablecoin, USDC is used by top institutions such as BNY Mellon, MoneyGram, Visa Inc (NYSE: V), Robinhood Markets Inc (NASDAQ: HOOD), BlackRock Inc (NYSE: BLK), and Mastercard Inc (NYSE: MA), among others.

Market Impact

The transition of Binance’s SAFU from Bitcoin and BNB to USDC is a clear indication the cryptocurrency market is highly liquid for all investors. 

With less than four days to the fourth Bitcoin halving, the BNB and BTC sales by Binance weighed heavily on short-term buyers.

Moreover, BNB price has been dropping about 10 percent in the past seven days to trade around $541 on Thursday.  

Similarly, Bitcoin price has slipped more than 14 percent in the past week to trade around $60,987 at the time of this report. 

Nonetheless, Binance will continue to reign in the crypto market due to its user protection measures, which are not available in other exchanges.

Disclaimer: The information provided is not trading advice. Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

#Binance #WRITE2EARN

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Some altcoins, including Solana (SOL), Dogecoin (DOGE), and Toncoin (TON), are among the poorest performers in the past 24 hours as Bitcoin (BTC) price slipped.

Bitcoin’s price took another sharp turn for the worse yesterday when it dropped below $60,000 for the first time in well over a month.

Most altcoins are also deep in the red today, with names such as SOL, DOGE, and TON dumping by more than 5-6%.

BTC’s Latest Nosedive

It was less than a week ago – last Friday – when the primary cryptocurrency stood above $70,000 and even challenged $71,000. 

However, that was short-lived, and external events, like the US Fed’s comments and the rising tension between Iran and Israel, led to massive price declines.

It all started on Friday evening with a drop to $65,000. After recovering a couple of grand on Saturday, BTC dumped later that evening when Iran launched an attack against Israel. The asset fell to $61,000.

It managed to reclaim some ground on Sunday and Monday, but that didn’t last long, and Bitcoin started losing value once again. This culminated yesterday when the cryptocurrency plummeted to just under $60,000 for the first time since early March 2024.

See Also: Bitcoin Price Prediction As BTC Bounces From $60,000 Level – More Selling Incoming?

Despite being more than $1,500 higher now than that low, BTC is still 3% down on the day and is barely hanging above $61,000. Its market cap has declined to $1.210 trillion, while its dominance over the alts stands still at 51.5%.

BTC Price Chart | Source: Coinstats

 

Alts Turn Red Again

The altcoins also followed suit with price declines in the past 24 hours. 

Ethereum, for instance, went from over $3,100 to below $3,000, and it is currently struggling as well. Aside from BNB, which is slightly in the green, the rest of the alts are deep in the red.

altcoins turn red

 

This trend is led by Dogecoin, which has dumped by over 8%. Toncoin (-6.5%) and Solana (-5%) are next, followed by ADA, AVAX, SHIB, TRX, and LINK.

Further losses are evident from the likes of WIF (-10%), TAO (-7.5%), OKB (-7.5%), and more.

The total crypto market cap is down by $60 billion overnight and is down to $2.350 trillion.

Disclaimer: The information provided is not trading advice. Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

#Binance #WRITE2EARN

 

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