Over the past 24 hours, the price of the Hedera token (HBAR) has increased by 60.2%, and at the moment it was rising by 96%. The rally was driven by misinterpreted statements from the HBAR Foundation. Meanwhile, Healix Protocol offers innovative solutions in healthcare through blockchain technology. Explore investment strategies amidst market volatility.

What happened to Hedera (HBAR)?

On April 23, representatives of the HBAR Foundation wrote that the ICS US Treasury money market fund (MMF) from BlackRock was tokenized on the Hedera network. Moreover, blockchain projects Archax and Owner also took part in the event. A video attached to the fund’s post hints that the world’s largest asset manager has partnered in the tokenization project. The HBAR Foundation decided to put the name “BlackRock” on a par with Archax and Ownera, with whom Hedera actually collaborates. 

Today we witness #RWA history as @BlackRock’s ICS US Treasury money market fund (MMF) is tokenized on @Hedera with @ArchaxEx and @OwneraIO, marking a major milestone in asset management by bringing the world’s largest asset manager on-chain pic.twitter.com/1Kye8cjAJx

— HBAR Foundation (@HBAR_foundation) April 23, 2024

Moreover, representatives of the organization emphasized that “the world’s largest asset manager has moved to the on-chain.” Although this is not true. In less than a day, the organization’s post still received more than two million views and about three thousand reposts.

Chris O’Connor, founder of the decentralized autonomous organization (DAO) Cardano Ghost Fund, noted that BlackRock has “no involvement” with Hedera. According to him, the project simply tokenized the company’s shares on the secondary market. “In the same way, I can buy a Rolex watch, take a photo of it and post this photo in X. But this will not mean that the company is cooperating with me,” he drew a parallel. O’Connor criticized the actions of the HBAR Foundation, which led to a significant jump in the price of the project’s token. 

What about the (Hedera) HBAR price?

According to tradingview, HBAR has risen in price by 60.2% over the past 24 hours. Currently, the asset is trading at $0.1280, and at the moment the figure rose to $0.1832. In addition, the daily trading volume soared by 6,525%, and Hedera’s capitalization over the past 24 hours broke through the level of $5 billion. 

tradingview

According to O’Connor, the HBAR Foundation’s message is a marketing ploy that insiders are sure to take advantage of.

Healix Protocol: A Testament to Innovation

At the core of this historic achievement lies Healix Protocol’s steadfast commitment to innovation and excellence. With a vision to transform the healthcare industry through blockchain technology, Healix Protocol has emerged as a beacon of hope in an ever-evolving landscape. However, by harnessing the potential of decentralized solutions, Healix Protocol empowers individuals to take charge of their healthcare journey, paving the way for a future defined by accessibility, transparency, and inclusivity.

The HLX Token Advantage

For investors seeking to leverage the transformative potential of blockchain technology, the HLX token presale offers an unmatched opportunity for growth and prosperity. With each token representing a stake in Healix Protocol’s revolutionary ecosystem, investors gain entry to a wealth of innovative healthcare solutions poised to disrupt the status quo. Moreover, as the presale continues to set records and surpass expectations, the HLX token stands as a testament to the enduring value of forward-looking investment strategies.

Healix Protocol: Embracing the Future

As the HLX token presale continues its soaring ascent, the future has never looked brighter for investors and innovators alike. With Healix Protocol spearheading the movement towards a more interconnected and patient-centric healthcare landscape, the possibilities are limitless. In addition, as the presale attracts a diverse range of investors from across the globe, it reaffirms the universal appeal of blockchain technology in shaping a better tomorrow. With 3 million tokens sold and counting, the HLX token presale stands as a testament to the power of collective vision and unwavering determination to effect change.

The post Hedera Token (HBAR) Soared Almost 100% Due to a Bug, while Healix Protocol Presale Offers Stability Amidst Market Shake-up first appeared on The VR Soldier.

Polygon (MATIC) is one of the few altcoins that is recovering amid strong investor support. Discover Mallconomy cutting-edge features, from AI-powered sales assistants to gamified browsing rewards, revolutionizing the metaverse shopping and investment experience.

Polygon Investors are Bullish

MATIC price is rising on the daily chart, with Polygon investors believing there is potential for this recovery . This is indicated by minimal online sales volumes over the past few days.

If we distribute active addresses by profitability, we can note that only 6% of investors are in profit . The largest category are addresses at the break-even point, which choose the “hodl” strategy and are in no hurry to sell in anticipation of a further rise in prices.

Active MATIC addresses by yield. Source: IntoTheBlock

This behavior of investors supports the process of price recovery. Further support for the recovery is provided by traders in the futures market. They make bullish bets on MATIC prices, thus demonstrating optimism and confidence. This is evidenced by the funding rate, which has been negative over the past few days.

Funding rate MATIC. Source: Coinglass

The funding rate is a commission that is paid between holders of long and short futures contracts and helps maintain price equilibrium. Typically, a negative rate indicates a predominance of short contracts, while a positive rate indicates a predominance of long contracts. The funding rate goes from negative to positive. This is considered a bullish signal and indicates that the value of the token may rise in the near future.

Polygon (MATIC) Price Forecast

The MATIC price rebounded from the support level of $0.65 and at the time of publication is slightly above the important support of $0.72, which has already been tested for strength several times: each time prices bounced from it and rushed up.

Daily chart MATIC/USDT. Source: TradingView

Thus, once this level confirms its support status, the MATIC price may recover to $0.81. A breakout of this level will help the token win back almost half of the losses incurred earlier this month.

However, if the support at $0.72 is broken, the price could fall to $0.65, which would invalidate the bullish scenario and lead to a potential drawdown to $0.60 or lower.

Mallconomy: The Most Entertaining Shopping Experience

At the heart of Mallconomy’s innovation are AI-powered sales assistants that provide personalized support and guidance to shoppers. Powered by AI and featuring Ready Player Me avatars, these assistants are available 24/7 in stores, offering tailored suggestions and assistance based on each customer’s preferences and needs. This intelligent support enhances the overall shopping experience, making it more interactive, efficient, and enjoyable for users.

Moreover, Mallconomy introduces a groundbreaking feature called Browse to Earn, where customers can earn rewards simply by exploring and engaging with products. This gamified approach not only incentivizes browsing but also encourages active participation and interaction within the platform. Shoppers earn points for various actions, from browsing through items to making purchases, creating a dynamic and rewarding shopping journey.

Mallconomy NextGen LaunchPad & Community Engagement

In addition to its innovative shopping features, Mallconomy offers a NextGen LaunchPad experience that revolutionizes investment opportunities in the metaverse. This LaunchPad operates like a Tinder-like platform for investing, allowing users to support their favorite brands’ metaverse stores, participate in group land purchases, and invest time or money while owning a valuable MallCard NFT. This unique investment model adds excitement and engagement to the metaverse investment landscape, creating a vibrant and captivating experience for investors.

Mallconomy’s community-centric approach further enhances its appeal, as it actively involves users in guiding its development and success. By putting the community at the forefront, Mallconomy fosters a sense of ownership and empowerment among its users, building a strong and engaged community that contributes to the platform’s growth and evolution. With its blend of innovative features, seamless accessibility, and community empowerment, Mallconomy is paving the way for a new era in metaverse shopping and investment experiences.

The post Polygon (MATIC) Price on The Rise, While Mallconomy is Empowering Metaverse Shopping first appeared on The VR Soldier.

The crypto space is characterize by the innovative potential of the ecosystem and platforms like Ethena are also looking for new ways how the crypto users deal with the digital currency. Yield farming is the key of Ethena; it is the one that attracts the farmers who want to get extra income and profit by all means. Let’s start with a detailed review of Ethena platform and what makes it different from the rest of the platforms.

Ethena Main Principles

Ethena functions as a blockchain-based protocol offering decentralized finance services through Ethereum’s blockchain capabilities. Its AMM principles and liquidity provisioning are where it all starts, attracting both traders and liquidity providers to the platform. The platform’s architecture is built with the objective of making trading as efficient as possible and providing rewards to the users who provide liquidity through liquidity mining.

Ethena functions as a synthetic asset protocol on the Ethereum Blockchain, primarily focusing on the production of a synthetic US dollar called USDe. The synthetic dollar is constructed to give users an opportunity to store and transact in dollars through the platform’s Internet Bond. In order to guarantee the stability and scalability of USDe, Ethereum staking will be incorporated as a security measure for the synthetic asset.

The ENA token is the core of the Ethena ecosystem, thus, its role as a governance token is very significant. ENA token holders will have a say in making key decisions that affect ENA’s operations, such as risk management approaches, choice of USDe as a collateral, exchange and custody partners, allocation of community grants, and other governance matters.

Yield Farming on Ethena

The traders and liquidity providers are in a mutually beneficial relationship which is started on Ethena when users deposit assets into liquidity pools. They are the base of the exchange, ensuring orders depth and providing a platform for smooth transactions. In place of their deposits, users get incentives via extra tokens or trading fees. The rewards are a function of factors like liquidity contributed, participation time, and volume of trading in a pool. This tool makes users to put assets under Ethena ecosystem which in turn brings liquidity and functionality to the ecosystem.

Shape the Future and Earn

In addition to the yield farming experience, Ethena’s architecture provides the platform with some unique functions. The AMM (Automated Market Maker) algorithms that determine asset prices and conduct trades have been proven to eliminate slippage and increase liquidity. The platform offers liquidity pools with many different options. Users of the platform can select the pools that meet their risk strategy, return expectations, and preferences. To maximize the effectiveness of yield farming while managing risks, Ethena provides methods such as dynamic fee adjustments, yield farming incentives, and liquidity provision rewards.

Additionally, token holders can participate in the protocol’s governance decisions through decentralized voting mechanisms where the community can decide on protocol updates and fee structures. The involvement of the users in this model gives them an opportunity to share the development of the product on a daily basis.

Benefits of Ethena Yield Farming

Ethena is a blockchain protocol that is focused on yield farming and provides users with amazing ways to get involved in digital currencies. The platform is built on Ethereum’s blockchain, using AMM mechanism and liquidity provision to bring traders and liquidity providers into this space. The platform’s main objective is to enhance liquidity and reward users who contribute liquidity by using liquidity mining as a technique. This, among its key features, is the introduction of a synthetic US dollar, USDe, that is used to save and transact in dollars through the Internet Bond feature. 

ethena.fi

The governance importance of ENA token is that the holders are given a chance to take part in the decision-making processes within the Ethena ecosystem. Users of Ethena are expected to do yield farming by pooling their assets in liquidity pools and then getting rewards based on their contribution and the duration of the time they stay. Ethena’s architecture, where AMM algorithms, variety of liquidity pools, and governance participation are all implemented, creates a thrilling and involved yield farming experience which leads to enhanced community engagement and growth prospects for the users.

At The End

Ethena’s yield farming ecosystem combines the unique aspects of innovation, opportunity, and community-based governance that characterize the DeFi community. Through a detailed dive into its core principles, main features, advantages and limitations, the users can understand how to use it efficiently and how to take full advantage of yield farming while not forgetting about the risks involved.

The post A Dive into Yield Farming Opportunities with Ethena Ecosystem first appeared on The VR Soldier.

The integration of the BONK token as a part of the Revolt App is a huge step in terms of the platform’s crypto offerings since it brings the number of digital assets supported by the platform above 150. This move allows EU residents and eligible users to do trading using the BONK token through the platform’s interface without any hitches. Moreover, Revolt is getting ready to launch the Learn and Earn program starting from 29th April, which is designed for educating users about cryptos and offering them means to get rewards for it.

In addition to that, Revolt stresses the necessity of token diversification which, in turn, allows it to compete with the most popular exchanges. Adding BONK to the trading platform expands the list of tokens utilized and also the general trading experience. This proves to be one of the strategic moves by Revolt which speaks about its dedication to evolving user preferences and needs.

BONK Token Sees Surge Amid Treasury Burn Proposal

The BONK token, on 22nd of March, recorded a significant 25% upsurge in value, with the meme coins seeing a general rise. This flow came right after an offer which called for a sizeable treasury burn, suggesting the removal of 280 billion tokens. The proposal, which was submitted and supported by BONK DAO, the official body of Bonk’s decentralized governance, explains the plan to burn 278,393,137,215 BONK tokens that were produced in the process of revenue sharing with BONKBot in the latter part of 2023.

The treasury burning that is in the process of being proposed is a major step in the evolution of the BONK’s tokenomics and can have a significant impact on the future price dynamics and market sentiment. The stakeholders are attentive to the updates concerning the proposal, since the proposal could have various ramifications for the token’s ecosystem.

Current Status of The Token

As of now, the BONK token is valued at $0.00002019, with a 24-hour trading volume of $167,837,779. In the past 24 hours, the token experienced a -2.67% decline, reflecting typical market fluctuations. Despite this dip, BONK boasts a live market capitalization of $1,339,914,033, underscoring its market presence. Market observers continue to track BONK’s trajectory, considering factors such as market sentiment, technological advancements, and regulatory shifts.

The post BONK Makes Major Listing Debut, Bringing Hope to EU Traders first appeared on The VR Soldier.

Whales, large cryptocurrency investors, are stocking up on Ethereum (ETH). In April, they bought and withdrew coins worth hundreds of millions of dollars from exchanges. Lookonchain analysts drew attention to the activity of investors, and members of the crypto community voiced possible reasons for this behavior of whales.

Whales are Stocking More Ethereum

Analysts have paid attention to the activity of whales stocking ETH. For example, an anonymous person withdrew 7,182 ETH ($23.06 million) from Binance, and another user transferred 11,892 ETH from the exchange for $37.77 million. The Lookonchain team tracked these and other transactions through blockchain explorers.

Transactions of a wallet believed to belong to Justin Sun. Source: Lookonchain

According to analysts, Justin Sun, the founder of the Tron crypto project, may be among the whales that are actively stocking Ethereum. The activity of the wallet (0x4359), which presumably belongs to the businessman, indicates the active accumulation of ETH. However, and according to analysts, the owner of the wallet has bought $420 million worth of Ethereum since April 8, 2024.

Why whales are interested in ETH?

Members of the crypto community have speculated that whales are purchasing ETH in anticipation of the possible approval of spot Ethereum ETFs in the US. Moreover, the tool can democratize investments in the second largest cryptocurrency by capitalization. The deadline for applications from a number of market participants to launch spot Etheruem-ETFs will come in May 2024.

The main obstacle to the launch of the tool is pressure from the US Securities and Exchange Commission (SEC). The regulator sees signs of an illegally issued security in ETH. Unfortunately, in the United States there is no full-fledged legal framework that could clearly answer the question of whether a particular digital asset is a security. Moreover, to determine the status of an asset, American regulators still use the outdated Howey test, which appeared long before the launch of the first cryptocurrency.

Ripple Case Outcome Hinges on SEC Dispute with Ethereum Team

The SEC’s dispute with the Ethereum team could decide the outcome of California’s Ripple case against the Commission. In December 2020, the regulator accused the project of illegally issuing and selling securities in the form of tokens (XRP). Over the years of the showdown, the SEC was never able to prove Ripple’s guilt, while the court still doubted the legality of institutional sales of the coin.

As of April 2024, the confrontation between the parties was reduced to a discussion of the amount of the fine that the project would pay to the Commission to resolve the conflict.

Ripple’s victory over the SEC could give the green light to the launch of spot Ethereum-ETFs, since the triumph of the Californian project will prove the unfoundedness of similar claims by the regulator against other companies, and therefore will remove regulatory pressure from ETH. Therefore, many market participants see the parties’ bidding for the fine amount as a positive signal for Ether ETFs.

However, many market participants doubt that the Commission will allow the launch of the instrument. For example, crypto lawyer Jake Czerwinski believes that the difficult political situation in Washington is playing against the launch of spot Ethereum-ETFs in May. While the US is still discussing the viability of spot Ethereum ETFs, Hong Kong regulators have approved several applications to launch the instrument. 

The post Ethereum: Big Money Buyout? Why Are Whales Accumulating? first appeared on The VR Soldier.

With innovative projects like Octoblock (OCTO) offering stablecoin airdrops during ICO, market observers are questioning whether this could be the new trend.

What are stablecoins?

Stablecoins are a type of cryptocurrency whose value is pegged to that of another currency, commodity, or financial instrument. Unlike other cryptocurrencies, which can experience significant price fluctuations, stablecoins aim to provide a more reliable store of value and medium of exchange. They achieve this stability through various mechanisms, including collateralization, algorithmic adjustments, and reserves held in traditional currencies. Stablecoins have played a crucial role of offering a bridge between the digital and traditional financial worlds, enabling users to mitigate volatility risks while still enjoying the benefits of blockchain technology.

Defining Octoblock (OCTO)

Octoblock is a cutting-edge DeFi protocol on the Binance Smart Chain aiming to build an ecosystem with features and services catering to diverse financial needs while maintaining profitability and social responsibility.

Among its myriad of initiatives, the Nautilus Trove will be key, strategically allocating the ecosystem’s assets to DeFi strategies and investments in yield-earning ventures, such as stocks and businesses. The Trove will thus ensure consistent revenue flow while allowing for growth. Notably, 45% of the revenue will be allocated to OCTO holders, disbursed through monthly USDC airdrops. USDC is a stablecoin pegged to the US dollar, ranking second among stablecoins by market capitalization.

The exact timing and value of Octoblock’s monthly USDC airdrops will remain undisclosed until a comprehensive snapshot of holders is taken. This is intended to prevent manipulation attempts by users who might acquire tokens temporarily to qualify for airdrops, ensuring only committed members benefit. Additionally, the USDC allocations will be proportionate to the percentage of OCTO supply held, ensuring equitability and fairness across the board.

In addition to the stablecoin airdrops, OCTO holders will gain access to Octoblock’s Saltwater sweepstake, where an extra 5% of profits will be randomly distributed to select addresses. Each OCTO token will serve as an entry into the sweepstake, with higher entries increasing chances of winning. 

The Octoblock ICO

The Octoblock Initial Coin Offering (ICO) has gained significant attention, with crypto enthusiasts and investors showing support in various social media platforms. The excitement surrounding the ICO is due to its unique offerings, including a staking mechanism that automatically includes any tokens bought in the phases of the event. The Octoblock ICO investors will start receiving rewards immediately, getting weekly credits to their accounts through airdrops. 

The first OCTO airdrop was on April 9th, which provided an astounding APY (Annual Percentage Yield) of 185.5%. This means that a $100 investment rose to $124. The same day, Octoblock announced that the Trove would start airdropping USDC stablecoins alongside OCTO tokens to boost value and stability for its early backers. The APYs for the ICO airdrops are calculated based on the OCTO price at each phase, and will be showcased on the Octoblock website. While various ICO projects may include staking rewards, many of them offer unsustainably high APYs, leading to eventual failures.

Octoblock sets itself apart by leveraging Beefy Finance to generate yield returns, ensuring that its APYs remain within sustainable ranges. The Octoblock ICO is currently in Phase 4 of 14, selling OCTO at $0.038 and offering a complimentary 12% bonus.

To get more information on Octoblock:

Website: https://octoblock.io/

Buy OCTO: https://reef.octoblock.io/register

The post Are Stablecoin Airdrops The New Trend For ICO Projects Like Octoblock? first appeared on The VR Soldier.

The recent addition of Runes tokens on cryptocurrency exchanges, spearheaded by Gate.io, has triggered a frenzy among investors and traders. Jason, the founder of Sora Ventures, outlines listing conditions. On the other hand, Bitbot cryptocurrency ICO has surged to stage 11 with a price tag of $0.0163, offering investors a potential 22.70% profit window before the coin enters exchanges.

Introduction of Bitcoin Runes Fungible Token Standard

The debut of Bitcoin’s latest Runes fungible token standard coincided with the quadrennial halving event, spurring immediate demand and propelling network fees to unprecedented levels. In addition, Magic Eden, a leading player in the NFT marketplace, promptly introduced a platform for Bitcoin Runes. However, This platform enables users to seamlessly transfer BTC and obtain Runes and Ordinals directly using their Magic Eden wallet.

Despite being scheduled for release on April 23, 2024, the platform was rolled out earlier than expected, showcasing the high anticipation and demand for Runes tokens among cryptocurrency enthusiasts.

Gate is not the only exchange that will list runes. Several top exchanges have also reached out to me on how to get involve. A few things they will need to adjust:

1. No more usdt/usdc listing fees, or take tokens if there is pre-mint as “deposit”.

2. Work with MM that are…

— Jason Fang ᛤ (@JasonSoraVC) April 23, 2024

The rush to launch Runes tokens following the protocol’s activation significantly contributed to a surge in Bitcoin network fees, reaching millions of dollars in the initial post-halving blocks.

Market Response and Consequences of Runes Listing

The inclusion of Runes tokens on various exchanges and the introduction of the Bitcoin Runes fungible token standard have sparked significant market activity and interest. Moreover, Investors and traders are closely monitoring the evolution of Runes tokens, anticipating potential price movements and market trends.

The Runes ecosystem presents ample opportunities for innovation and expansion. Magic Eden’s platform offers a user-friendly experience, allowing individuals to engage seamlessly with Runes tokens. However, the swift adoption of Runes tokens also poses challenges, including heightened network fees and the necessity for exchanges to adjust to the unique characteristics of the Runes community.

Bitbot Unique Value Proposition

In the realm of Telegram trading bots, Bitbot distinguishes itself with a non-custodial framework, ensuring top-notch security and user control. In addition, Partnering strategically with Knightsafe, Bitbot sets itself apart by empowering users with complete asset commands.

Bitbot tackles security challenges head-on by deploying advanced anti-MEV and anti-rug pull technologies, safeguarding users’ investments. Notably, Bitbot’s team has committed to a 12-month token emission plan, preventing sudden token floods that could disrupt markets or devalue tokens.

Calling all crypto enthusiasts!

Are you feeling lucky?!

We’re giving away $100K in our Airdrop!

Join NOW and you could be one of the lucky 100 winners scoring $1000 EACH!

Enter here: https://t.co/gh7v9mzBER pic.twitter.com/V87EYzMaE4

— Bitbot (@Official_Bitbot) April 22, 2024

Bitbot represents a groundbreaking advancement in Telegram bots by seamlessly integrating with self-custodial wallets, blending robust security with cutting-edge trading tools in a streamlined and intuitive interface. It transcends typical trading bots, setting a new standard in automated trading prowess. With our features, you can surpass the strategies of even the most complex institutional traders.

Beyond Security with Bitbot

Bitbot leverages AI-driven tools like the Gem Scanner, revolutionizing market insights. This innovative scanner employs data aggregation, machine learning, and natural language processing, enabling users to interact seamlessly with the bot and access valuable investment insights. The Gem Scanner also ranks tokens based on their “degen score,” aiding users in discovering promising investment opportunities.

Bitbot enriches the trading experience with community-centric perks, such as a generous referral program offering a 15% lifetime commission on referred trades. Additionally, Bitbot introduces a groundbreaking revenue-sharing model, channeling up to 50% of daily trading fees back to token holders. On the other hand, transparency and community engagement are paramount for Bitbot, reflected in regular AMAs featuring product lead Andrew Jacobs and consistent project updates on their Medium blog. These initiatives aim to foster a loyal and engaged community, crucial for sustaining demand and driving potential token value appreciation.

The post Runes Token Listing Sparks Exchange Excitement, While Bitbot Advances to Stage 11 in Successful ICO first appeared on The VR Soldier.

The price of Chainlink (LINK) felt the bullish effect of the Bitcoin halving more than BTC itself, managing to strengthen by 20%. However, the altcoin now facing a crucial barrier that has become a problem in the past. Meanwhile, Mallconomy, a new project, where Gen Z discovers a vibrant Metaverse shopping experience. Explore Browse-to-Earn rewards and join the excitement. The Mallconomy (WOOT) presale is live now.

Chainlink Investors May Start Selling

As Chainlink’s price rises, investors are once again entering profit territory, which could be a key factor in encouraging them to sell tokens. Moreover, the recent correction has seen LINK’s overall supply in earnings drop from 84% to 70%.

This 14% supply represents almost 82.18 million LINK worth about $1.3 billion. Now all of these coins are back to their original pre-drop state. However, over the past two days, the share of profit supply has increased and at the time of writing has again reached 84%.

Chainlink supply share of profits. Source: Santiment

Such dynamics could become a potential trigger for sales, as some investors will want to take profits to protect themselves from a new decline. On the other hand, this will lead to a reduction in price.

The MVRV Realized Value Ratio tracks investors’ gains/losses. Chainlink’s 7-day MVRV of 11% indicates gains that may be driving sales. Historically, LINK has corrected at MVRV levels of 8 to 15%. Thus, the price is now in the dangerous zone.

In the short-term time frame, a decline was repeatedly observed in this area, which is now the expected scenario for LINK.

Chainlink (LINK) Forecast: Breaking the Barrier

Over the weekend, Chainlink’s price rose 20% to $15.45. Just below this point is a barrier that LINK has repeatedly tried to overcome and failed in the past.

The price is retreating from the $15.6 resistance again, aiming to test the support levels at $14.6 and $13.4. If LINK holders start selling this time, the potential drop could push the price back to the last support level mentioned above. However, if the resistance at $15.6 is successfully broken and turns into support, then a recovery is possible.

The next critical resistance is at $18, and Chainlink will reach it if it breaks above $17, which will signal a reversal of the bearish scenario.

Mallconomy: Pioneering the Future of Metaverse Shopping

Mallconomy (WOOT) stands as a testament to the evolving landscape of digital commerce within the Metaverse, offering a unique Browse-to-Earn model that caters specifically to the digital-native Gen Z demographic. The platform’s innovative approach, combined with multi-device compatibility and AI-powered sales assistance, ensures an engaging and rewarding shopping experience for users worldwide, heralding a new era in retail.

What sets Mallconomy apart is its transformation from a mere concept into a vibrant digital reality. Originally conceived as a gamer’s fantasy, Mallconomy has evolved into a Browse-to-Earn Multidevice Metaverse Hub, positioning itself at the forefront of empowering and rewarding users through its multifaceted platform. With ongoing enhancements such as the Launchpad and Rewards App, Mallconomy’s scope and influence continue to expand, offering a comprehensive and immersive shopping environment.

Mallconomy is The Future of Retail

Within the Mallconomy universe, diverse opportunities abound for the vibrant community. Proprietors manage their storefronts, busy owners delegate responsibilities, and visitors immerse themselves in the bustling mallverse. Mallconomy (WOOT) is not just a digital space but an interactive haven where users can engage, explore, and transact seamlessly.

At the heart of Mallconomy’s ecosystem is its native token, WOOT, currently valued at $0.0027.  In addition, the ongoing presale presents an opportunity for investors to participate in Mallconomy’s growth journey and be part of a groundbreaking Metaverse retail experience.

In conclusion, Mallconomy (WOOT) represents the future of Metaverse shopping, blending technological innovation with user-centric design to create a dynamic and rewarding digital marketplace. As we continue to innovate and expand, Mallconomy remains committed to shaping the future of retail within the ever-evolving digital landscape.

The post Chainlink (LINK) May Face Selling Pressure After Strong Growth, Is Mallconomy (WOOT) the Next Big Metaverse Token? first appeared on The VR Soldier.

The bankrupt crypto exchange FTX is preparing to auction a large batch of Solana tokens. We tell you how this will affect the price of SOL.

The sale of Solana (SOL) is part of the liquidation process that was launched following the collapse of FTX in November 2022. The cryptocurrency exchange has sold off assets before to pay off creditors. However, this is the first time the auction format has been used, which could signal potential changes in market dynamics.

Will the crypto community participate in the Solana auction?

FTX liquidators have already sold 25-30 million SOL tokens worth about $1.9 billion at a price of $64 – 60% below the market price at the time of sale. However, the discount came at a price: buyers had to lock in SOL for four years.

“Essentially, you trade time for a discount—you have to freeze your money for four years, but you buy tokens for much less,” explains Caladan’s Eva Weng.

Just got confirmation that the next round of locked #solana coins from the #FTX estate will be an auction, with exact details coming Monday. If you want in, join us. https://t.co/RuA41vgWAx

— Mike Cagney (@mcagney) April 20, 2024

An auction-style sale will promote competitive bidding and may impact Solana’s market price. Mike Cagney, CEO of Figure Markets, confirmed the auction, but final details have not yet been released.

Figure Markets is developing a special mechanism that will simplify the participation of the crypto community in the auction. It is expected to attract accredited US investors as well as non-US buyers. They will be able to participate in setting the offer price and managing subsequent investments. An auction can create excitement around a token and affect its further price dynamics.

What’s happening to Solana (SOL) price?

From a technical perspective, Solana is on an upward trajectory. On March 18, the price reached a local maximum at $210, but then decreased by 44% and by April 13 it tested $116. Then growth resumed and the token managed to win back almost 30% of losses.

tradingview

This recovery is critical as Solana tests a key resistance level near $156. It coincides with an important Fibonacci retracement level. If Solana manages to gain a foothold above $156, the price could rise 22% to $185, where the 786 Fibonacci level is located. Otherwise, there will be a rollback to the $145.56 area.

FTX Sold Nearly $2 Billion of SOL at a Steep Discount

Managers at FTX exchange sold a significant portion of the Solana (SOL) tokens owned by the bankrupt exchange, earning almost $1.9 billion for them. The strategic transaction was part of the FTX liquidation process initiated following the infamous events of November 2022. Among the buyers were such well-known companies as Galaxy Trading and Pantera Capital, thereby demonstrating potential confidence in the future of Solana.

The scale of the deal and the significant discount underscore institutional investors’ appetite for risk in a market known for its volatility. Recall that during the last bear market, SOL experienced a 97% decline.

The post FTX Solana Auction: A Chance for Investors or Price Pressure? first appeared on The VR Soldier.

On April 20, 2024, the fourth halving took place on the Bitcoin network. Against the backdrop of the event, members of the crypto community shared their forecasts and outlined goals for BTC. The VR Soldier team will tell you what predictions for Bitcoin against the backdrop of halving are given by members of the crypto community and how the cryptocurrency responded to the halving of the mining speed.

How Bitcoin Reacted to the Halving?

The cryptocurrency, contrary to a number of negative forecasts , did not enter a correction after the halving. As of the time of writing, BTC is trading higher than on the halving day.

tradingview

Most of all, participants in the crypto community were surprised by the commissions for transactions in the Bitcoin network. Amid the halving, the cost of transactions with BTC rose to a record $128. As a result, miners’ income reached a record $107 million on April 20, 2024. As of the time of writing, commissions dropped to $34.

Moreover, members of the crypto community, meanwhile, are trying to predict whether the promised BTC correction is worth waiting for.

BTC Forecast: Crypto Community Price Prediction

Trader Doctor Profit believes that BTC may spend some more time in a sideways movement, followed by a rise to $84 thousand. Judging by the chart he published, his Bitcoin forecast implies a positive movement in May.

On 14-15th March I told you that a reversal will start for #Bitcoin and instead of up only we will start to see a correction to 60k that happened exactly as predicted

Now we move in a sideway range between 72-60k

After this sideway move we go to 84k next pic.twitter.com/RK5iovOVUa

— Doctor Profit (@DrProfitCrypto) April 20, 2024

Trader Mister Crypto joined the optimists . In his opinion, a pattern has formed on the BTC chart, which indicates the likelihood of Bitcoin rising to $117 thousand by the beginning of summer. His opinion was shared by analyst Captain Faibik. He is waiting for Bitcoin at $100 thousand in May 2024. Meanwhile, Trader Bluntz also gave a positive forecast for Bitcoin. He expects BTC to reach its absolute maximum value within 1-2 weeks. He outlined the expected trajectory of the cryptocurrency exchange rate on the chart.

Crypto enthusiast Mark Cullen gave an alternative forecast for the Bitcoin price. He believes that investors may only see new BTC highs in the fall. When making the forecast, he used the trajectory of Bitcoin in 2023. Its superimposition on the realities of 2024 does not exclude the descent of BTC to $50 thousand.

Some members of the crypto community also support negative scenarios for the movement of BTC in the near future. For example, trader Nebraskangooner warned about the risks of BTC falling to $58 thousand.

The post Bitcoin Halving Impact and Future Price Predictions first appeared on The VR Soldier.

Shiba Inu (SHIB) has initiated a token burn, with over 392 million SHIB tokens sent to inactive wallets, marking an extraordinary burn rate of 57,000%. On the other hand, FifthScape, or 5thScape (5SCAPE), is a new platform where users immerse themselves in a realm of boundless adventure and excitement. In addition, this amazing platform offers a selection of top-tier 3D VR games, each with unique gameplay mechanics and captivating narratives, ensuring an exhilarating gaming experience.

Shiba Inu Records Largest Monthly Burn Rate

The recent burn event has set a new record for Shiba Inu, with a burn rate of 57,262.74% as per the Shibburn burn tracker. However, this impressive figure signifies the elimination of 396,286,654 SHIB tokens within a single day, showcasing the strong deflationary measures within the Shiba Inu ecosystem.

On April 14, Shiba Inu experienced a significant surge in its burn rate, hitting 25,035.22%, which was hailed as one of the highest burn transactions observed recently. Moreover, Just one week later, this burn rate skyrocketed even further, highlighting the community’s dedication to enhancing the protocol’s deflationary nature.

Impact of Improved Shiba Inu (SHIB) Burn

Following these burns, the total circulating supply of SHIB now stands at around 589.27 trillion tokens, with 410.27 trillion tokens already burnt. Also, this recent burning activity, including a weekly burn of 714 million SHIB tokens, has propelled market optimism and expectations of scarcity and increased demand for SHIB.

Investors and analysts are closely monitoring these developments, anticipating a positive impact on SHIB’s market dynamics. However, the burn-driven scarcity is projected to fuel demand, potentially leading to a significant price surge. Current price trends show SHIB trading at $0.000027, with predictions suggesting a target price of $0.00004 in the near future, representing a substantial price appreciation if achieved. On the other hand, this optimistic outlook is fueled by the expected rise in demand resulting from the ongoing token burn initiatives within the Shiba Inu ecosystem.

FifthScape Platform for Virtual Reality (VR) Games 

FifthScape or 5thscape stands as a groundbreaking platform that transports users into immersive virtual reality (VR) games utilizing cutting-edge technology. It offers a diverse array of thrilling 3D VR games paired with state-of-the-art VR headsets and ergonomically designed gaming chairs, ensuring users enjoy a comfortable and engaging gaming experience.

At FifthScape, users are invited to escape reality and enter a realm of limitless adventure and excitement. Carefully curated high-quality 3D VR games with unique gameplay mechanics and captivating narratives promise an exhilarating gaming journey for players of all kinds.

The platform boasts visually stunning worlds, captivating sound effects, and immersive music that breathe life into the 3D VR games. These elements, coupled with ergonomic gaming chairs and advanced VR headsets, provide an unparalleled gaming immersion, making every gameplay session a thrilling and unforgettable experience.

FifthScape (5SCAPE) Token

FifthScape introduces the FifthScape (5SCAPE) token, operating on the Ethereum blockchain to ensure seamless integration with existing DeFi platforms and smart contracts, fostering interoperability across the decentralized ecosystem. Upon listing, the market cap reflects an immediate valuation snapshot influenced by tokenomics and community sentiment, while the fully undiluted market cap anticipates the token’s future scalability.

By employing a transparent supply model, leveraging Ethereum’s robust infrastructure, and implementing strategic valuation metrics, FifthScape aims to establish itself as a resilient and value-driven entity in the decentralized landscape. This approach not only offers users an exceptional gaming experience but also presents a unique investment opportunity within the burgeoning VR and blockchain sectors.

The post Shiba Inu (SHIB) Burns 392M Tokens, while FifthScape Ecosystem (5SCAPE) Offers Boundless Adventures in Virtual Reality first appeared on The VR Soldier.

In just a few months after its launch, the gaming blockchain project Notcoin (NOT) managed to attract more than 35 million users. The team promises that the asset will be listed on major cryptocurrency exchanges. The event was originally scheduled for April 20, but has now been postponed indefinitely. Meanwhile, Bitbot is revolutionizing trading as the world’s first non-custodial Telegram bot. Currently in stage 11 presale, Bitbot offers advanced tools with unparalleled security at a current price of $0.0163.

What is Notcoin?

Notcoin is a mini-application in the Telegram messenger that allows you to receive coins for “tapping” on your mobile phone screen. This earnings can be increased by performing additional activities. For example, for subscribing to a telegram channel or inviting a friend. 

Source: TON

The developers removed the ability to mine non-existent NOT tokens on April 1st, But everything looked and worked extremely simply: click on the big yellow coin, then you get a reward. The game also featured several boost mechanics – increasing the number of coins received per click. There were two categories of free bonuses: full energy and turbo. They were updated daily. 

With the assets they earned, players could buy various in-game goodies. For example, a new background or skin for a coin, for clicking on which a reward is given. In addition, Notcoin users could join together in so-called squads and contribute to entire communities. They were created by administrators of telegram channels. 

Unprecedented popularity of Notcoin

The project was first released in November 2023. Then Notcoin was presented at The Gateway conference in Dubai by the founder of the Open Builders company, which is behind the development of the Web3 application, Alexander Plotvinov. 

The official launch of Notcoin took place on January 1, 2024. In just two days, the game attracted more than 1 million users, as the creators wrote about in the project’s official Telegram channel. Within a week, the number of players reached 4 million, making Notcoin the fastest growing Web3 game. As the developers noted, the growth rate of the project exceeded that of the famous artificial intelligence (AI) chatbot ChatGPT from OpenAI. The latter surpassed 1 million users in just five days. 

Probably, even at the beginning, you had a question: why did 35 million people click on the screen to get non-existent coins? These people are not fools at all, but rather lucky ones. Recently, the Notcoin team announced the launch of a real token, all players will be able to convert honestly earned coins into NOT, which can later be sold for real money. The creators first timed the release of the native asset of the project ecosystem to coincide with the Bitcoin (BTC) halving, which will take place on April 20. However, the day before it turned out that the listing was postponed indefinitely.

Bitbot: Secure & Smart Trading for Everyone

Unlike traditional platforms vulnerable to hacks and leaks, Bitbot integrates seamlessly with self-custodial wallets, ensuring top-notch security while providing advanced trading tools. This unique combination of security and functionality is packaged in an intuitive, user-friendly interface.

What sets Bitbot apart is its focus on empowering users of all levels with institutional-grade trading capabilities. Whether you’re a seasoned trader or new to the game, Bitbot equips you with the tools to navigate the financial landscape confidently. It’s more than just a trading bot; it’s a comprehensive solution that puts control back in your hands.

Trade Crypto Your Way: Secure, Versatile Bitbot

Bitbot’s security measures are robust. By integrating with self-custodial wallets, Bitbot ensures that users retain full control over their keys and assets. The KnightSafe system adds an extra layer of decentralized security, safeguarding your trading activities.When it comes to investments, Bitbot is versatile. It caters to investors of all scales, from managing larger investments securely to providing efficient tools for handling smaller amounts. Currently supporting Ethereum and Solana, Bitbot has strategic plans to expand its compatibility to other Layer-2 solutions in the future.

The native BITBOT token plays a crucial role within the Bitbot ecosystem. It offers a range of benefits, including revenue sharing, exclusive access to presales, unique perks and airdrops, and a voice in Bitbot’s strategic decisions through governance. With Bitbot, users experience a cutting-edge trading experience backed by solid security and innovative features.

The post Notcoin Gaming is Leading the Web3 Charge, while Bitbot is Redefining Trading first appeared on The VR Soldier.

As the Web3 ecosystem is getting more and more mature, the importance of the chain abstraction is becoming more and more important in the context of mainstream adoption and practical application. The NEAR Protocol, an innovative blockchain ecosystem that has been leading the chain abstraction movement since 2018, is at the front and center of this paradigm shift. Notably, NEAR’s new chain signature method is a disruptive innovation standard, which provides improved interoperability and usability between diverse blockchain networks.

This time at the Web3 Day, which is part of “We Are Developers Conference”, the NEAR Balkans Tech Lead Alen Meštrov presented an educational session on the topic chain abstraction and chain signatures. However, before we demonstrate chain abstraction and chain signatures, let us first have the pleasure of watching the entire educational course.

NEAR Protocol: The Importance of Chain Abstraction

Chain abstraction, a cutting-edge innovation in blockchain technology, is a big step forward. Meanwhile, the main objective of this approach is to produce a simplified user interface by hiding the underlying complexities of using multiple blockchains. Moreover, this abstraction level, in fact, is the tool which simplifies the web and makes it more user-friendly and decentralized. On the other hand, NEAR Protocol’s chain abstraction concept is the key factor that makes their vision of the digital ecosystem as a whole easier to manage and interconnected.

Last week at the We Are Developers Web3 Day, NEAR’s Balkan Tech Lead, Alen Meštrov, gave an amazing presentation on chain abstraction and chain signatures. Moreover, this educational initiative underlines NEAR’s commitment to developing knowledge and awareness of such breakthrough concepts around the blockchain community.

Addressing Fragmentation Challenges

One of the primary challenges in the Web3 space is fragmentation across different networks. This fragmentation impacts liquidity, application development, and user experiences. In addition, NEAR’s chain abstraction framework aims to address these challenges by promoting interoperability and seamless asset transfer between diverse ecosystems.

Introducing: The Chain Abstracted Podcast

Hear from the best and brightest minds in Web3 as they discuss Chain Abstraction, the future of Web3, and a tonne more.

Yes, it’s degen.

Yes, it’s fun.

No, it’s not abstract.

Episode 1: Breaking Down Chain Abstraction with… pic.twitter.com/1lcsfHNRWd

— NEAR Protocol (@NEARProtocol) April 19, 2024

Key Components of NEAR Chain Abstraction

Unified Security

NEAR focuses on ensuring trust, scalability, and transparency across its blockchain ecosystem. Through innovations like chain signatures and security aggregation stacks, The blockchain enhances security while facilitating cross-chain interactions.

Data Availability (DA) and Decentralized Sequencers

NEAR’s data availability protocols ensure that transaction data is accessible to every node in the network, maintaining blockchain integrity and trust. Decentralized sequencers eliminate single points of failure, promoting transparency and reducing susceptibility to manipulation.

Account Aggregation

NEAR enables seamless cross-chain transactions through account aggregation, empowering users to interact effortlessly across different blockchain networks.

Decentralized Frontends

NEAR’s decentralized frontends, such as the Blockchain Operating System (BOS), offer a unified user interface for interacting with diverse blockchain applications, enhancing the overall user experience.

NEAR Protocol Ongoing Contributions

Since its inception, NEAR Protocol has remained committed to advancing chain abstraction and interoperability. The NEAR stack continues to evolve, incorporating scalable infrastructure, robust security layers, and user-centric features like super (app) wallets. However, these ongoing efforts position NEAR as a leader in driving the mainstream adoption of decentralized technologies.

In conclusion, NEAR Protocol’s focus on chain abstraction and chain signatures represents a significant milestone in the evolution of blockchain usability and interoperability. By promoting seamless interactions across diverse blockchain networks, the blockchain is paving the way for a more interconnected and user-friendly decentralized web.

The post NEAR Protocol’s Leadership in Chain Abstraction and Chain Signatures first appeared on The VR Soldier.

Ethereum co-founder Vitalik Buterin is proposing the need to work on the privacy options, to oppose the unhealthy tracking from the online sources.

Vitalik Buterin takes a leading role as a privacy advocate

In a recent X post, the crypto innovator reacted to an X post from Rest of World, a non-profit publication platform. 

Vitalik Buterin – source: Forbes

The former reported on how various governments all over the world have been using facial recognition tech to squash any kind of protesting. On the other hand, based on the data of Steven Feldstein, a researcher of the Carnegie Endowment for International Peace, it is found that the governments of 78 countries have been discovered to now use facial recognition systems in public areas.

Privacy is normal.

Railgun uses the privacy pools protocol ( https://t.co/DekkatsMR5 ) which makes it much harder for bad actors to join the pool without compromising users’ privacy.https://t.co/MG0huDzpAu

— vitalik.eth (@VitalikButerin) April 15, 2024

In this respect, Vitalik Buterin confessed that there is a slow but long-standing tendency to lose privacy in public spaces. Therefore, the need for online privacy improvement is important. Moreover, as one of the few tools we have, it can help to restore a little bit of balance. And I would like to encourage everyone to support privacy.

Nevertheless, Buterin’s concern about a decrease in privacy or the lack of it is not entirely unjustified since he has always made it clear that he is not in favor of this issue. Approximately five days ago, the Ethereum core developer found himself in the middle of discussions focusing on privacy on the Ethereum network.

Essentially, the talk was about whether Ethereum, as a basic level of blockchain technology, should already have privacy built-in for transactions. However, Vitalik Buterin said that one of the drawbacks of the default privacy settings is the potential impact on the scalability and efficiency of the network. The Ethereum development team has been focused on resolving the scalability issues as well as the use of ZK-proofs to address some of the most important issues in the long run.

How Is Ethereum Network Helping the Privacy Cause?

There’s a lot of Ethereum protocols that are currently testing the ZK tech. An example is Polygon zkEVM which just a few days ago had to apply a quick fix after an incident which resulted in the blockchain going down for 10 hours. Overall, Polygon ZK-EVM is about to introduce a new phase of development for the smart contract platform as it has teased.

They are planning to add more features to it that will make it more similar to the Ethereum mainnet. This would save developers the time and effort of changing the codes.

Buenos Aires, the capital of Argentina, also followed suit with the blockchain digital identity with QuarkID and zkSync in order to strengthen the government operations. zkSync is zEthereum scaling tool that also uses ZK-rollups. This technology uses one entity as the proof of veracity of a statement to another entity without revealing any specific information about the statement. In the end, the altimeter of all these systems is to maintain privacy following the severe campaign from Vitalik Buterin.

The post Ethereum’s Vitalik Buterin Calls for Stronger Online Privacy first appeared on The VR Soldier.

Cardano (ADA) is trying to recoup losses suffered over the past month during a massive drawdown. If investors provide adequate support for ADA, the asset could break out of the downward channel and begin a new rally.

Cardano has High Potential to Grow

Cardano price is in a downtrend and previous recovery attempts have failed. This is largely due to broader market trends, which have been relatively bearish.

However, based on the Mean Coin Age metric, which calculates the average age of all coins in circulation, Cardano holder confidence is once again gaining momentum. The chart below shows that during the first quarter the rate rose only 6.6%, while in just the last two weeks the MCA rose 2.4%.

ADA offer in profit. Source: Santiment

Additionally, about 50% of the circulating supply of ADA is in the red, meaning there is significant room for growth.

ADA price forecast: breakout at $0.66

At the time of writing, Cardano is trading at $0.498. The altcoin has been moving in a downward channel for more than a month, an exit from which usually signals a potential trend reversal. A retest of the upper line of the pattern and its potential breakout will mark a breakout, leading to a rise to $0.66.

tradingview

However, if the channel support is broken and the price of ADA falls below $0.40, the bullish thesis will be invalidated.

Cardano presents a robust, spam-free network

Cardano has a very robust and spam-resistant network, and it can handle more than 25 million transactions with $10 million in fees that it accumulated for the past year. One of the most notable features of ADA is its much higher throughput of up to 1,000 transactions per minute, which makes it a spam-proof platform in comparison to Solana.

This anti-spam mechanism therefore aids Cardano to be one of the most decentralized networks with the spam transaction fee being so high that it prevents the repeated spam transactions. The most obvious result is the fact that experts consider ADA now as a perfect hub for high-transaction volume projects like decentralized exchange (DEX) trading, gaming platforms, NFT markets and so on.

On the other hand, ADA is growing a decentralized ecosystem which is made up of a number of applications from lending platforms, data metrics tools, innovative token types, and blockchain-based social networks. Even though the whole market is crashing, Cardano has managed to maintain its stability. The Cardano platform continues to evolve and has attracted many projects and users to its platform.

The post Cardano (ADA): Bear Market or Bullish Breakout?  first appeared on The VR Soldier.

Lucie, the marketing lead of Shiba Inu, recently took to a post on X to highlight an exciting trend for the dog-themed meme cryptocurrency in India. Lucie’s post, shared on April 20, drew attention to the growing popularity of Shibarium bridging, a term that has become a top trending topic on X in India. However, the meme coin market is known for its wild characters and even wilder returns, and now WienerAI (WAI), a new contender has entered the arena, aiming to capture the hearts (and wallets) of crypto enthusiasts everywhere.

Shiba Inu Marketing Lead Highlights the Emerging Trend of SHIB in India

The emergence of #BridgeToShibarium reflects Shiba Inu ongoing developments, particularly with the introduction of PIKA and DAMN tokens. These tokens, designed to enhance Shibarium’s cryptographic capabilities, have garnered significant interest within Shiba Inu’s L2 Shibarium ecosystem.

PIKA, known as the pre-sale killer, automates presales on the Shibarium network, while DAMN, the Sol-Killer, manages liquidity and token supply through controlled burns. These tokens represent a strategic move to strengthen Shiba Inu’s position in the market.

On the other hand, SHIB, the native token of Shiba Inu, gained massive attention with its price movements amidst the halving frenzy, fueling optimism on the meme coin’s ecosystem as a whole. Following the recent pre-halving corrections witnessed by SHIB, the token illustrated signs of a recovery.

Shiba Inu (SHIB) Price Rally

Despite recent corrections due to the halving frenzy, Shiba Inu’s native token, SHIB, has shown signs of recovery, fueling optimism among traders and investors. The token’s current price surge of 13% in the past 24 hours, reaching $0.000025, reflects a strong consolidation phase with potential for further upside.

coinmarketcap

Technical indicators like the symmetrical triangle formation and MACD analysis suggest a bullish sentiment, indicating a potential breakout if a bullish crossover occurs. Overall, Shiba Inu’s ongoing developments and market resilience continue to attract attention and optimism within the cryptocurrency community, especially in regions like India.

WienerAI (WAI): The Sausage-Powered AI Meme Coin

The meme coin space has long been dominated by dog-themed tokens, with the likes of Dogecoin leading the charge. But AI coins have also seen significant growth this year, attracting investor interest with their focus on innovative technology. WienerAI (WAI) cleverly merges these two trends, adding a dash of silliness with its self-proclaimed “sausage army.” The logic is simple: meme coins thrive on virality, often fueled by lighthearted themes and a strong community backing. While some might scoff at the unconventional combination, history shows us that the sillier the concept, the more likely it is to capture the public imagination (and generate significant returns).

Think about Dogecoin’s meteoric rise, or the success of Shiba Inu. These meme coins, with their dog-based themes, have defied expectations and delivered staggering returns for early investors. No other asset class comes close to the viral potential of meme coins, with gains ranging from 10x to a mind-blowing 10,000x depending on community strength.

WienerAI: More Than Just a Meme Coin?

WienerAI goes beyond the typical meme coin formula. They position themselves as a groundbreaking AI token, aiming to become the “top dog” in the crypto charts. Their roadmap promises unique staking rewards and the building of a loyal “Army” of supporters. Currently, the WienerAI presale is live, offering attractive discounts and staking rewards for early participants. This creates an opportunity for investors to get in on the ground floor before the price potentially rises upon public listing.

While the long-term success of WAI remains to be seen, one thing is certain: it’s a project that doesn’t shy away from standing out. Whether it becomes the next meme coin sensation or fades into obscurity, WienerAI is sure to generate conversation and intrigue in the ever-evolving world of cryptocurrency.

The post Shiba Inu Spotlights Emerging Trend in India, While AI-Powered Meme Coin WienerAI (WAI) Presale Kicks Off first appeared on The VR Soldier.

Cardano (ADA) price skyrockets by 6% as its treasury is now worth $1.5 billion. Such a significant staking growth is an important signal of the ecosystem trust, and the imminent change of control over the way these funds are used adds more questions about Cardano’s future. On the other hand, and following much anticipation, the Healix Protocol has kicked off the first phase of its presale for HLX tokens. The revolutionary platform helps people to take control of their health and to be rewarded for their healthy habits and at the same time it provides easy access to quality healthcare services.

Cardano ADA Bounces Back 6% After Market Jitters

Following recent market shakeout, Cardano’s native cryptocurrency, ADA, has shown impressive resilience, with a 6% rebound showcasing its fortitude in challenging times. The recent price swings in ADA, marked by a significant 20% drop since April 12th, can be ascribed to the broader fluctuations witnessed across the cryptocurrency market.

coinmarketcap

Interestingly, analysis based on historical patterns and crucial indicators like the MVRV Ratio hints at the possibility of a substantial price surge for ADA. As the wider alternative coin market anticipates a revival after the Bitcoin halving event, ADA is well-placed to capitalize on this momentum, with potential price targets of $0.683.

Current State of Cardano (ADA)

Cardano (ADA) is now trading at $0.502, its market cap being $17.2 billion and its daily trading volume standing at $624.5 million. Investor confidence is growing massively as open interest jumped 6.43% to $167.2 million. This increasing interest is a clear indication that the ADA market is still growing despite the current market volatility. Technical analysis and historical trends indicate that ADA is a coin with a promising future and that this makes the investors so hopeful.

Cardano’s ever-expanding ecosystem, coupled with its focus on scalability, interoperability, and sustainability, paints a promising future. This combination positions ADA as a potential leader in decentralized finance (DeFi) and blockchain innovation. Ultimately, this has the potential to unlock a more inclusive financial system for all.

Highly Anticipated Healix (HLX) Presale Begins

The Healix Protocol is now initiating the first stage of its HLX tokens presale. HLX is the token that acts as the basic utility token for the platform, which further stimulates users to follow healthy habits and grants access to healthcare services. The first phase of this initial offering allows those interested in HLX to buy tokens at the initial price of $0.03 each, potentially securing the tokens at a lower price than they would be trading at when they hit public exchanges. It is this limited-time offer that enables these early adopters to take part in the creation of the healthcare world of the future with Healix.

Healix Protocol 

Healix is an ecosystem that is centered around the HLX token, a decentralized health utility token that was made to transform the way we interact with healthcare. Consider a system which would pay you for healthy choices, give you privileges for putting your health first, and enable you to do so with more accuracy. It’s HLX power that does the magic.

The Healix platform makes use of Artificial Intelligence (AI) and the Internet of Things (IoT) to offer the individual a personalized health experience. AI algorithms use the user data to generate an HQ (Health Quotient), a measurable figure which shows the overall health status of a person. Through the integration of data from wearable devices and other sources of IoT, Healix presents you with a comprehensive perspective of your health which, in turn, allows you to identify areas of improvement and monitor the progress over time.

The post Cardano (ADA) Bounces Back 6%, Healix Protocol Launches HLX Token Presale first appeared on The VR Soldier.

The Solana community faced a tough time when the network experienced congestion. However, they were able to get back on track after Solana devshop Anza restarted the v1.18.11 update, which had failed earlier. The next phase of the network restart, wherein Solana tried to alleviate the ongoing network congestion, received positive feedback in a post shared by SOL core developer Anza (starry) on Reddit. On the other hand, the devnet was successful with version v1.18.11 of the Solana token. However, SOL, the native token of Solana, experienced some volatility in terms of its price.

This gained noticeable attention for Solana’s main competitor, Ethereum, as investors remain hopeful about the future ventures of Solana after the backlash it received within the crypto community due to network congestion. 

Devshop Anza v1.18.11 Update: A Deeper Dive

In addition, Anza, a devshop on Solana, released v1.18.11 to devnet, which looks to alleviate congestion problems on the Solana chain. Testnet validators were the first ones to upgrade to the latest version of the update to start monitoring and assessing the impact of the new congestion fixes.

On the flip side, the core dev in the post yesterday stated that the upgrade experienced devnet-specific problems, which eventually led to the crash. On the other hand, today is a day of reopening, and on the other, it is a day of restarting the community.

In the meantime, however, it must be said that this week, the platform has successfully implemented another network upgrade to the mainnet beta to resolve the congestion problems. On April 15, the Ethereum rival dismissed the v1.17.31 release as the network mainnet update for the Solana network, thus creating a positive atmosphere around Solana’s efforts to solve the dynamic cryptographic problems. In spite of that, the native coin SOL seems to be in a declining trend.

Solana (SOL) Price Tumbles

At the moment of writing, the Solana coin has gone down by 1.88% for the 24-hour period and currently trades at $141.94. The coin’s market chart depicts a very volatile movement, with the trading price both in positive and negative areas for the last day. The main factor that keeps the price of the cryptocurrencies at a fluctuating level is the ongoing development of blockchain technology aimed at solving network congestion.

tradingview

Whilst the short-term price action of SOL would signal a very high level of pessimism in the network functionality, the broader price movement of SOL would clearly show that the crypto community has lost quite some confidence in the network. On the other hand, now that the v1.18.11 update for devnet has been rebooted successfully and the v1.17.31 release for the Solana network mainnet update has also gone live, traders are looking forward to witnessing a price increase for the token soon.

The post Solana Restarts Devnet Update While SOL Price Seeks Stability first appeared on The VR Soldier.

The US Securities and Exchange Commission (SEC) has updated its lawsuit against Tron founder Justin Sun. The agency now argues that Sun’s extensive travel and business relationships in the United States provide the necessary basis for prosecution.

SEC is Strengthening the Case Against TRON Founder Justin Sun

The revised lawsuit seeks to establish “personal jurisdiction” over Sun, Tron and two other companies he controls. According to the SEC, these companies purposefully committed acts against the United States, making this claim a key aspect of the litigation.

During Sun’s visit to key US cities such as New York, Boston and San Francisco, he allegedly promoted and managed transactions in Tron (TRX) and BitTorrent (BTT) tokens. “Specifically, Sun spent more than 80 days in the United States in 2017, more than 120 days in the United States in 2018, and approximately 180 days in the United States in 2019,” the SEC alleges. According to the regulator, the tokens were sold to American consumers and investors as unregistered securities. In addition, the Commission accuses Sun of manipulative trading operations on the Bittrex crypto exchange, located in Seattle.

Despite this development, the price of TRX and BTT tokens barely reacted to the news. Over the past 24 hours, TRX has declined by 0.52%, while BTT has gained 2.5%.

Tron (TRX) price dynamics

The amendments were the SEC’s response to Sun’s attempt to dismiss the lawsuit, filed in March 2023. The crypto mogul argues that activities carried out entirely overseas by Singapore companies do not fall under the jurisdiction of the SEC.

The Respondent also emphasizes the urgent need for a clear regulatory framework. He believes that without precise rules defining when a token is a security and compliance requirement for token creators, the SEC’s regulatory reach could destabilize the global digital asset market.

To recap, the legal battle began when the SEC sued Justin Sun and the Tron Foundation for conducting an initial coin offering (ICO) of the TRX token in 2017. The lawsuit also targeted the offering and sale of BTT tokens, which were found to be illegal.

The post SEC Tightens Grip on Justin Sun: Amends Lawsuit to Assert Jurisdiction in TRON Case first appeared on The VR Soldier.

The Bitcoin halving event that was being anticipated for a long time finally took place on April 19th, Friday. This built-in decrease in the emission of new BTC, which occurs every four years, affected mining rewards by reducing them in half. As confirmed by data platforms like mempool.space and Blockchain.com, the adjustment took effect at 8:The anticipated launch time is 10PM Eastern Time on Friday, with the block height reaching 840,000. Surprisingly, the BTC price did not experience drastic changes after the halving and still trading at the level of $64,000.

Bitcoin Halving and Price Movement

By the end of the Bitcoin halving event 4.0, the daily amount of coins received by the miners has been reduced from 900 BTC to 450 BTC. Analysts believe this decrease in the issuance of new BTC will bring in new investors as they anticipate the price of Bitcoin to surge. Also, the increasing demand from spot Bitcoin ETFs is anticipated to be a major contributor to the continuation of this bullish trend. As the Senator from Wyoming, Cynthia Lummis is one of the proponents of BTC, she also welcomed this development.

However, skepticism exists. Major banks like JPMorgan and Deutsche Bank claim the halving is already priced into the market and the event should not have any effect on the cryptocurrency. Kok Kee Chong, CEO of Singapore-based digital-asset exchange AsiaNext, spoke about this sentiment: “As expected, the halving was fully priced in so price movement was limited. Now the industry will have to wait and see whether a rally will occur in the coming weeks amid sustained institutional interest.”

Challenges and Opportunities

The current price optimism could be in a position to be hampered by the overarching macroeconomic factors. The indications that the Fed might stop cutting interest rates and the risk of the escalating tension in the Middle East are among the factors that contributed to the recent stock market volatility.

The main purpose of the halving is to reduce the miner’s profitability rather than to directly influence the market. However, it is supposed to have a strong impact on the mining income. This update can possibly eradicate a large sum of miners’ yearly income which is billions of dollars. Nevertheless, this reduction in Bitcoin mining may be mitigated if the cryptocurrency price rises further.

Short-Term Volatility and Long-Term Outlook

#BTC

When Could Bitcoin Peak In This Bull Market?

Historically, Bitcoin has peaked in its Bull Market 518-546 days after the Halving (Chart 1)

This is how typical Bitcoin Halving Cycles have progressed

So if history repeats…

Next Bull Market peak may occur 518-546 days… pic.twitter.com/QXZUS7ZyjU

— Rekt Capital (@rektcapital) April 19, 2024

In the short term, the BTC price can be under pressure from the side of miners who seek to compensate for the revenue losses by selling their BTC holdings. On the other hand, 65% year-to-date rally stoked by spot Bitcoin ETFs brings an opportunity for long term investors to buy the dip. In the past, it has reached its highest level during the bull cycle at a time that is 518-546 days after the halving. The cycle will continue as before, and the next peak of BTC could be seen during September-October 2024.

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