The post DOGE’s position on the list keeps interest in meme coins alive appeared first on Coinpedia Fintech News

The segment of meme coin heavily enjoys support from the community. For one, it does take pride in entertaining the community members. Two, an ideal objective is to stay in the game and yield productive results for token holders. Just like the crypto sphere on a macro level, there are changing dynamics in the meme coin sector too – something that precisely needs to be addressed for a rough understanding of where the segment can go in the times to come.

DOGE, even though at the top of the charts for meme coins, is listed at the 8th position in the list of cryptocurrencies. This is based on the Market Cap of all the tokens considered with DOGE rallying at $21,700,008,236 at the time of writing this article.

Position of Dogecoin (DOGE) and developments

DOGE is well-positioned in the top 10 cryptos in terms of Market Capitalization. Dogecoin is closely followed by Shiba Inu’s SHIB. A couple of developments that are driving DOGE in the market are on two sides – positive and negative.

For starters, the positive side estimates that DOGE could soon find comfort in the bull run provided it sustains the mark of $0.15. It is seen doing so while drafting this article, listed at $0.1509. The red-line trading activity is likely to be temporary, influenced by what is happening in the market. This takes the course to the second side – negative.

Whales were seen moving ~456 million DOGE coins to Coinbase as of April 26, 2024. This happened in two separate transactions, with the following makeup:

228.10 million + 228.72 million.

For reference, a single DOGE is listed at around $0.15. These transactions have sparked bearish sentiments to make traders and investors believe that there is a loss of interest in DOGE. No confirmation has surfaced so far considering transactions executed by whales remain unidentified.

The technical indicator is furthering the worry of traders. For instance, the Head-and-Shoulder formation of DOGE on the graph has been flagged by analysts based on the 12-hour chart. Nevertheless, Dogecoin has emerged as one of the mainstream cryptos that houses a robust network and infrastructure. It continues to instill a sense of confidence, especially with a Musk-DOGE 1-minute animation making rounds on X.

Scope for other meme coins

Three meme coins are worth mentioning here, for they demonstrate a positive growth in token value and Market Cap. These are SHIB, MVP, and PEPE.

SHIB is rallying at $0.00002551 with a surge of 2.45% in the last 24 hours. It is only two times that the meme coin has plummeted below $0.0000250 in the last 24 hours. The picture in the last 7 days is certainly a different one but it still depicts a rise of 12.82%.

MAGA VP, also known as MVP, meme coin is emerging rather strongly as a candidate to revolutionize the landscape as a PolitiFi meme coin. The token value is $0.1326, up by 99.83% in the last 7 days. The 24-hour volume has surged by 7.29% with a slight decrease in Market Cap of 8.23%.

PEPE is exchanging hands at $0.000007476, an increase of 3.17% in the last 24 hours and 45.29% in the last 7 days. It is one of the few meme coins to have seen a rise in Market Cap and 24-hour volume at the press time – 3.27% and 5.34%, respectively.

Conclusion

DOGE is setting the stage for the meme coin segment. A total of three cryptos could follow the trend early – SHIB, MVP, and PEPE. This is based on Market Cap and is subjected to volatility. It is recommended to conduct research and explore the market before allocating funds to any crypto.

The post Shiba Inu And Dogecoin Prices Face a Rising Bearish Threat: Can Bulls Defend Support Levels? appeared first on Coinpedia Fintech News

Dogecoin and Shiba Inu have experienced mixed performance over the past few days, yet analysts are bullish about the upcoming trend of these memecoins, citing fundamental developments. As Bitcoin price continues to face bearish pressure around the $64K mark, Dogecoin and SHIB prices struggle in initiating a rebound above support level.  

Fundamental Factors Might Boost SHIB And DOGE

Recent large transactions in Dogecoin have drawn attention, with two transactions exceeding 228 million DOGE each, totaling $68.7 million, transferred from an unidentified wallet to Coinbase. 

These could signal upcoming developments, potentially a new listing for DOGE futures on Coinbase. In related news, Shiba Inu has announced an upcoming upgrade for Shibarium, scheduled for launch on May 2. This upgrade aims to enhance the user experience by improving block processing times and transaction fee predictability, making the platform more user-friendly and cost-effective.

Institutional investment in meme coins is increasing, as seen by Symbolic Capital Partners adding Shiba Inu to their portfolio. It now constitutes 2% of their total assets, worth $1.7 million out of $86 million, according to data from Arkham Intelligence. This trend indicates a rising interest from institutional investors in meme coins, which could lead to higher market valuations over time.

These fundamental developments might help SHIB and DOGE prices in triggering a buying momentum above their support lines.

Dogecoin (DOGE) Price Analysis

Dogecoin price has been facing bearish pressure in surging above the immediate resistance channel, resulting in a consolidation around the $0.15 mark. However, buyers continue to defend support levels, holding promises of a comeback. As of writing, DOGE price trades at $0.15, declining over 1.1% in the last 24 hours.

Buyers are struggling to drive the price beyond the resistance area defined by the 200-day EMA and the downtrend line. Should the price drop further, sellers might attempt to push the DOGE/USDT pair down to $0.13.

Conversely, if buyers can push the price through this resistance area, it could indicate the end of the correction phase. The pair might then aim for a climb to $0.21, where sellers are likely to create a strong defense.

Shiba Inu (SHIB) Price Analysis

Shiba Inu is attempting to break the descending resistance line multiple times; however, sellers are strongly defending a surge. As a result, we might soon see a retest of the weekly lows in order to validate a clear trend. Currently, SHIB price trades at $0.000025, declining over 1% in the last 24 hours.

A breakthrough of the trend line indicates an end to the corrective phase, potentially sending the SHIB/USDT pair towards $0.000033, followed by an attempt to reach the strong resistance at $0.000039.

On the other hand, a sharp downturn and break below the $0.000024 could imply that the buyers are liquidating near peaks. This scenario could see the pair declining towards $0.000020.

The post Bitgert Coin Takes the Crypto World by Storm: What’s Causing the Trend? appeared first on Coinpedia Fintech News

Bitgert is the most discussed coin in the digital currency biological system. The justification for this is because of the way that the new upturn has not slipped through the cracks by financial backers. Making investors believe that Bitgert is the only way to achieve their goal of financial independence.

After a staggering 35,600% increase since its introduction into the cryptocurrency ecosystem, Bitgert is the most popular product. With the rising exchange volume, it’s undeniable it will not be dialing back at any point in the near future. The increased momentum of Bitgert has made it one of the most demanded coins and its wave is taking over the crypto industry

In the course of this article, we will analyze the possible causes of the increased momentum of Bitgert.

Bitgert’s Superior Scalability, Increasing the Buzz On It In The Crypto Industry 

Bitgert’s outstanding scalability continues to entice investors. The issue of poor scalability has tormented the crypto industry area for quite a while as many chains don’t have the ability to match expanded utilization of the blockchain.

Bitgert has an exceptional scalability capacity that makes it stand out and enables it to process thousands of transactions in a matter of seconds. This has given financial backers more trust in the venture as it’s obviously true that with greater versatility comes greater practicality on a drawn out reason for any task.

By guaranteeing consistent exchanges through its adaptable nature, Bitgert has worked with more reception in this manner expanding interest for the coin and its administrations across the blockchain area. This has fostered the level of interest on it by investors

Bitgert Solution Providing Nature, Taking The Crypto Industry By Storm

Many people like Bitgert because it focuses on providing solutions to the various issues investors might face in the industry and this is responsible for the increased level of attention it has gotten amongst investors.

Bitgert’s aggressive burn mechanism, which reduces circulation in response to an increase in demand, is a major reason why the company’s value has increased significantly over time.

Bitgert likewise obliges other Defi related highlights while ensuring that financial backers get the best insight. By ensuring that investors get nothing but the best blockchain experience, Bitgert is fast gaining popularity in the ecosystem

Wrapping Up

The cryptocurrency market is preparing for energizing times with the bull run impending and financial backers preparing to gain by it. Bitgert has situated itself as a main choice for venture because of their unique methodology that carries only a beneficial season to financial backer leading to interest all over the industry

Despite the obvious potential of Bitgert and the other tokens mentioned, conducting research is crucial. Know more on it via this website.

The post BEFE Coin: The Latest Sensation in Meme Coins appeared first on Coinpedia Fintech News

There have been different remarkable periods in the meme coin market, 2020 saw the introduction of the highest level of this sensation. But, since Dogecoin went out of favor, the meme coin market has been silent, not because there is no other meme coin project released into the market, but because there is no worthy coin to steal attention. However, for some weeks now, the BEFE coin has been growing among meme coin lovers and is about to become the biggest sensation in the meme coin market.

Meme Coin investors are all for profit but most of the investors know they won’t get profit if the coin is not strong enough to draw attention from other investors. Speculations and community growth are always the major factors investors look into to assess the meme coin. But, BEFE has passed all tests with flying colors i.e. its speculative drive has been growing higher than expected in the last weeks and the community is getting bigger every day.

So, the million-dollar question most smart investors are asking now is “Can BEFE hold the sensation it is getting in the meme coin market?” The answer is a straightforward “Yes!” Since BEFE is becoming a sensation not by mere bought hype, but by organic followers, we should see this hype go a long way.

Here is what you need to understand about the current growing sensation around BEFE.

The Community Is Key

BEFE owes a lot of the growing sensation at this moment to its community. The community is made up of fans, investors, and observers who are rooting for BEFE to do better than other popular meme coins. At the moment, BEFE has been showing a reaction to this hype and sensations all around it. The price has had a total reaction of about 70x the price in the last 3 months. And, as this community continues to grow we keep seeing new growths that suggest BEFE might break all records in the meme coin market.

More exchanges are also looking into adopting the BEFE coin on their exchange to create opportunities for their users to gain access to this kind of meme coin. Oh, yes! BEFE is now considered the king of meme coins since it is getting closer to overtaking all the achievements of the past sensational meme coins like Dogecoin and Shiba Inu. 

The sensation around BEFE is continually growing at a steady rate for the last 5 weeks. But, with the latest investors joining the BEFE meme coin community, we might continue to see this sensation grow till the year runs out.

The post Ethereum (ETH) and Shiba Inu (SHIB) Traders Watching Closely: Furrever Token (FURR)’s Presale Sparks Interest appeared first on Coinpedia Fintech News

In the midst of volatile and turbulent market conditions, where uncertainty looms large and traditional investments falter, a new dynamic is emerging within the cryptocurrency sphere. Ethereum (ETH) and Shiba Inu (SHIB), once the stalwarts of digital assets, find themselves grappling with lackluster performance, leaving investors searching for alternatives. Against this backdrop, Furrever Token (FURR) shines brightly, having garnered significant attention and support by achieving an impressive $1 million in presale funding. As the allure of FURR grows amidst the gloom of market downturns, one can’t help but wonder: will ETH and SHIB investors join the FURR frenzy in pursuit of greener pastures?

Ethereum’s (ETH)’s Going Through Choppy Waters: Analyzing Price Trends and Support Levels

Amidst recent developments in the Ethereum market, investors closely monitoring the pulse of the cryptocurrency world find themselves immersed in a landscape fraught with concern and speculation. Ethereum’s price struggles to breach the $3,280 resistance zone, retreating beneath the $3,200 support level and currently consolidating losses above $3,100. The challenge of surpassing the $3,250 and $3,280 resistance levels has instilled a palpable sense of resistance in the market, compounded by trading below $3,200 and slipping below the 100-hour Simple Moving Average, stirring concerns among investors.

On the hourly chart, the breach of the significant uptrend line support around the $3,190 mark suggests strengthening bearish momentum, with fears mounting of further downward movement if the pair trades below the $3,100 support. The inability to overcome the $3,250 and $3,280 resistance levels has heralded a new downtrend, with Ethereum slipping below the $3,200 support into a short-term bearish trend.

Critical support lies around the $3,030 level, with a breach potentially intensifying selling pressure and drawing Ethereum towards $2,850. Further losses could cause the price to retreat to around $2,650 in the near term.

As Ethereum navigates through choppy waters, investors brace for potential shifts in market dynamics and closely monitor key support and resistance levels to gauge future price movements.

Shiba Inu (SHIB) Faces Market Turbulence: Down 7.5% Since Yesterday

Shiba Inu (SHIB) faces a 7.5% decline to $0.00002491 in the past 24 hours amidst a broader market downturn. Despite a recent 18% surge, SHIB’s 11.6% dip over the last month hints at potential recovery ahead. A $12 million investment towards SHIB’s new third-layer network aims to strengthen its technological foundation, potentially boosting market value and investor interest.

However, uncertainties loom as technical indicators suggest a possible downturn before further gains. The 30-day moving average trending above the 200-day moving average indicates waning momentum. Shiba Inu’s Relative Strength Index (RSI) retraced from 80 to around 50, suggesting a potential dip to lower levels before resurgence.

Daily trading volume drop from $13 billion to $700 million since early March reflects subdued interest in SHIB’s fluctuating trajectory. Yet, a recent $79.9 million SHIB transfer between two unknown wallets hints at accumulation by significant investors, potentially signaling an uptrend initiation.

Developers’ announcement of raising $12 million for a new privacy-focused third-layer network, introducing its native TREAT token, aligns with this trend. Although no release date is disclosed, this launch could contribute to Shiba Inu’s sustainable growth, potentially propelling its price to $0.000040 by summer. Amidst this backdrop, investors are exploring new tokens as potential contenders vie for their attention.

Furrever Token (FURR) Emerges as Favorite Among ETH and SHIB Investors: A Closer Look at Its Appeal and Success

Amidst market uncertainties and shifting dynamics, Ethereum (ETH) and Shiba Inu (SHIB) investors are increasingly turning their attention to Furrever Token (FURR) as their favored alternative. With FURR’s current price standing at $0.000648 and a remarkable presale success, having raised over $1 million within just two months, FURR has emerged as a promising contender in the crypto space. Investors are drawn to FURR’s unique value proposition, infused with a delightful dose of cuteness, offering a refreshing departure from traditional cryptocurrencies.

FURR’s transparent tokenomics and commitment to project longevity have garnered praise from the crypto community. With around 9 billion tokens in total supply, FURR allocates a significant portion for presale participation, providing early investors with ample opportunities to get involved. Notably, the team’s decision to lock 10% of tokens for a year further reassures investors of their dedication to the project’s success.

FURR’s roadmap emphasizes community engagement and user-centric initiatives, fostering a warm and inclusive ecosystem centered around adorable cat imagery. From regular challenges to the integration of cute cat-themed stickers and emojis, FURR aims to create a vibrant and enjoyable experience for its users, encouraging active participation and interaction.

For those interested in joining the FURR community, the official website at furrevertoken.com serves as the gateway to explore more about the project, its mission, and token details. Additionally, support inquiries can be directed to support@furrevertoken.com, providing investors with necessary assistance and guidance.

Amidst the allure of FURR’s innovative approach and promising future, ETH and SHIB investors see an enticing opportunity to diversify their portfolios and explore new horizons. As FURR continues to gain traction and attract attention within the crypto community, it remains a compelling choice for investors seeking both fun and potential returns in an otherwise turbulent market landscape.Discover the Most Exclusive Presale Opportunity of 2024 Now:Furrever Token Official Website  |   Visit Furrever Token Presale Join Official Telegram Group       |   Follow Official X Account

The post Algotech Presale Tops BlockDAG and XRP Price Prediction With $4M Raised appeared first on Coinpedia Fintech News

Algotech, an algorithmic trading platform, has cause­d a sensation. Its extraordinary performance­ amazes the cryptocurrency world. During its highly compe­titive presale, Algote­ch surpassed projections. It outshone re­cent milestones by BlockDAG and XRP. Through innovation, Algotech (ALGT) empowers users, which captivate­s investors globally. The funding raised during its pre­sale impresses. This succe­ss highlights Algotech’s potential, showing the crypto community’s confide­nce in the platform.

Algotech’s presale Surpasses $4M Mark

The pre­sale of the Algotech project is a re­markable achieveme­nt. It attracted investors searching for promising crypto opportunitie­s. Since launch, it excee­ded expectations, raising ove­r $4 million in 3rd presale stage. Algote­ch’s innovative algorithmic trading approach and transparency won community trust. Its cutting-edge­ algorithms, robust technical infrastructure, and advanced risk strate­gies positioned it as a frontrunner in the e­volving crypto landscape.

With a current token price of $0.08 in the third stage and a planned increase to $0.10 in the upcoming stage, Algotech’s presale has garnered significant traction. Investors have flocked to secure their share of the 350,000,000 ALGT tokens, recognizing the immense growth potential that lies ahead.

Exploring BlockDAG: Recent Developments and Initiatives

Undoubtedly, Algote­ch has grabbed attention lately, but anothe­r major blockchain venture, BlockDAG, shows considerable­ progress during its presale journe­y. Recently, BlockDAG prese­nted its DAGpaper, detailing baold plans: an Explore­r Platform, a Low Code/No Code Platform, and a Proof of Engageme­nt Mobile Application. These aim to boost use­r involvement, cut transaction costs, and enhance­ scalability within BlockDAG’s ecosystem.

Additionally, BlockDAG’s digital asset inte­gration into daily transactions via its Payment Card could significantly drive cryptocurrency adoption. Furthe­r sparking interest, a tease­r for an upcoming moon-based keynote hints at e­levating BlockDAG’s profile and appeal. In its 9th pre­sale batch, the platform raised $19.8 million, offering coins at only $0.005. With targe­t prices aiming to reach $10 by 2025.

XRP Price Surge: 6% Increase Linked to Rising Large Wallets

Meanwhile, Ripple’s native token, XRP, saw its price rise­ by 6% on April 22nd, outperforming other major cryptocurrencie­s. One reason is the incre­ase in wallets holding 1 million or more tokens. This me­tric reached near-re­cord levels, showing growing intere­st from large investors who often expe­ct price gains. In the past, similar spikes in large­ XRP wallets came before­ major rallies, like in June 2023, whe­n the token jumped from $0.47 to $0.84 after crossing a similar threshold.

Howe­ver, the token’s future price de­pends heavily on the ongoing Ripple­ vs SEC lawsuit. Besides legal issue­s, the token will also be impacted by network growth and toke­n circulation levels. Sustained growth, me­aning wider adoption and use of the token, could push its price towards $0.62 re­sistance. But declining growth and circulation may limit the upside, pote­ntially sending XRP back to $0.50 support.

Algotech $1 Target Price: Outpacing BlockDAG and XRP

As the platform presale continues to captivate the crypto community, the platform’s potential for substantial growth has become increasingly evident. With a target price of $1 soon after its highly anticipated launch, Algotech is poised to outperform BlockDAG and XRP’s price predictions, solidifying its position as a formidable force in the market.

To further fuel the excitement, Algotech has announced a jaw-dropping $250,000 giveaway, aptly named the “Algotech Mega $250k Giveaway.” This unprecedented initiative offers 10 lucky winners the opportunity to receive a staggering $25,000 worth of ALGT tokens each.

To participate in this exclusive giveaway, users must meet a minimum requirement of investing $100 in its presale. By completing additional tasks and unlocking bonus entries, participants can increase their chances of claiming one of the coveted prizes.

Key Takeaway

Cryptocurrency e­nthusiasts are witnessing an intriguing shift as the ne­wcomer Algotech showcases its prowe­ss during its presale stage. Re­markably raising $4 million, the platform has outperformed e­stablished projects like BlockDAG and e­ven XRP. This accomplishment underscore­s the immense pote­ntial of Algotech’s algorithmic trading platform and groundbreaking approach. As the official launch ne­ars, the native ALGT token could pote­ntially reach $1, presenting e­arly investors with substantial gains.

Learn more:

Visit Algotech Presale

Join The Algotech Community

The post Top 5 AI Trading Platforms for 2024 appeared first on Coinpedia Fintech News

If you haven’t been living under a rock, you would know that AI has taken over every aspect of our lives, and trading hasn’t been spared either. AI trading has made it easier for traders to keep an eye on the stock market and predict good (yes, we mean profitable) opportunities. It’s safe to say that AI has made trading more productive and efficient than manual trading.

The AI trading platforms allow traders to improve the selling and buying process while bidding on profitable stocks. Having said that, the use of these trading platforms is increasing. New platforms are being launched to help process the stock information and get practical insights. So, if you are stepping into the world of AI trading and need help choosing an AI trading platform, we are reviewing the 5 best ones!

Reviewing the Top 5 AI Trading Platforms

Using AI tools can help with forecasting and predicting the stock market. It helps with stock trading by helping you find high-profit stocks and testing the trading strategies. So, if you want to reap these benefits, let’s have a look at the five best AI trading platforms and their features.

1.ValueZone

ValueZone is a widely-used platform with more than 7 years of experience favored by traders across the globe, with a user base exceeding 39M+ spread across 156+ countries. The platform offers an array of crypto trading bots, catering to different investment strategies and preferences.

It offers personalized investment plans to help you achieve your financial goals, tailored to your preferences and risk tolerance. You can withdraw all your profits after 24 hours.

It is 100% secure and safe as it is equipped with multi-layered security protocols and undergoes regular security audits to ensure the safety of user funds and data. It offers a variety of diverse trading strategies tailored to different risk profiles and investment goals, allowing users to diversify their portfolios and maximize returns.

It works on cutting-edge algorithms and data analysis techniques to provide efficient and effective trading solutions. Their support center is for you 24/7, ready to assist with any questions or concerns you may have, ensuring that your experience with us is always seamless and stress-free.

It does not impose any hidden fees or charges on our users. All costs are communicated and disclosed, allowing users to make informed decisions without any surprises. Also, it offers a competitive referral reward of 3.5% for each successful referral, allowing you to earn passive income while helping others discover the benefits of our platform.

Pros 

Sign up and get $50

Various trading strategies

24/7 support

No Hidden Fees

Generous rewards

100% Secure and Safe

How to make passive income with the $50 free plan?

1. Sign up for a ValueZone Account： When you register successfully, you will receive a $50 trial reward.

2. Click “Plan” to purchase the free plan

3. Click “Invest Now” and buy it

According to the product details, this free plan can be purchased once per day, then we can get a $1 profit every day, and when the profit reaches the minimum withdrawal amount, we can withdraw the profit immediately. Even if we do not invest, we can still make a profit. Earn passive income this way.

2. KuCoin

KuCoin has become one of the most important AI trading platforms because it has many features that buyers from all over the world can use. KuCoin is a great choice for anyone who wants to try AI trading because it is dedicated to security and offers many trading options.

KuCoin stands out because it has a full set of trading features that fit a lot of different tastes, whether you’re trading in traditional markets or the new, growing field of cryptocurrency. It uses AI trading tools, like the KuCoin Trading Bot, to make trade strategies more complex and easy to automate.

KuCoin gives users access to more than 700 coins and has a high daily trading volume, making it a flexible and powerful place to use a wide range of trading tactics.

3. Pionex

Pionex is great for traders who want to combine technology and finance. It has advanced features that are easy to use, which makes it stand out among AI trading platforms.

Two things that make Pionex stand out from the rest are its 16 free trading bots that are built right in. These bots automate trading methods like dollar-cost averaging and grid trading, which makes it easy for traders to deal with changes in the market.

4. OKX

OKX is one of the best AI trading platforms because it combines cutting-edge technology with different financial services that are designed to help smart traders and investors. The unique thing about this platform is that it uses blockchain technology in a new way and gives users a full set of tools to make smart trade decisions on a global scale.

5. Kryll

Kryll wants to be the first AI trading tool that changes everything, especially for people who want to use AI software to trade stocks. Traders all over the United States like this tool because it combines the power of automated trading strategies with the ease of use that today’s fast-paced markets demand.

The Bottom Line

There are hundreds of AI trading platforms available on the internet, but not all of them promise good trading features. We have reviewed the top five ones, so you can choose from the ultimate cream. We recommend that you weigh the pros and cons to see which platform better suits your needs. However, if you ask us, our vote goes for Binance as it’s a reputed name in the market!

The post Post-Halving Outlook: Ripple & Cosmos Investors See DeeStream (DST) as a Path to 70X Gains in Streaming Innovation appeared first on Coinpedia Fintech News

Bitcoin (BTC) halving has historically ushered in new all-time highs for the leading asset, triggering altcoins to register new peaks. While large-cap cryptocurrencies have been considered safe investments, investors know that big gains come from buying presale or low-cap projects early.

With the impact of the recent halving event yet to take place, investors are interested in new cryptocurrencies to invest in. The Ripple (XRP) and Cosmos (ATOM) communities have banded together to invest in DeeStream (DST),  a pioneering decentralized streaming platform. This article looks at why DeeStream (DST) is a good cryptocurrency to buy for Ripple (XRP) and Cosmos (ATOM) investors.

Ripple (XRP) CTO: XRP Grew 1,500% in 7 Years

David Schwartz, Chief Technology Officer of Ripple (XRP), recently corrected a holder that the cross-border payment asset, stating that it has gained 1,500% over the past years. Ripple (XRP) has been around for some time and even partially a court case against the U.S. SEC in 2023. Over the past year, Ripple (XRP) has gained 18%, helping it maintain its place in the top 10 list of the largest cryptocurrencies by market cap.

However, some analysts are worried that Ripple (XRP) may fail to register a new peak in this bull run. Ripple (XRP) is trading at $0.5368 at press time, down 86% from its all-time high. Ripple (XRP) could see further price growth if it wins its case against the SEC.

Cosmos (ATOM) is On the Recovery Path After Gaining 4% in a Week

Cosmos (ATOM), a project claiming to solve the ‘hardest problems’ facing the blockchain industry, has offered reprieve to its investors after showing signs of recovery. At press time, Cosmos (ATOM) carries a price of $8.93, a 4% increase over the past week. This comes after Cosmos (ATOM) fell 24% in the past month, alongside the rest of the market.

Cosmos (ATOM) is committed to tackling blockchain scalability head-on, underscoring its dedication to fostering a more interconnected and efficient decentralized ecosystem. Investors hope Cosmos (ATOM) could break the $14 level in Q2. This is because Cosmos (ATOM) peaked at $14.2 in Q1, and a move above this price could trigger a sustainable uptrend.

DeeStream (DST) Lures Investors with Prospects of 70X Gains

DeeStream (DST) is drawing investors like a magnet because of its potential for 70X gains before the blow-off top of this cycle. This is mainly because DeeStream (DST) has a compelling value proposition as it builds a decentralized streaming platform. The DeeStream (DST) platform comes at a time when content creators and users feel that streaming needs to be decentralized.

On the DeeStream (DST) platform, users can enjoy freedom of speech, lower fees, and instant payouts. Content creators will easily monetize their content, making it their go-to platform for sharing content.

Investors have joined the DeeStream (DST) presale to buy DST tokens for only $0.06, paving the way for a minimum of 70X gains.

Find out more about the DeeStream (DST) presale by visiting the website here.

The post BlackRock’s Bitcoin ETF (IBIT) Continues To Hit Zero Inflow! Here’s What It Means For BTC Price appeared first on Coinpedia Fintech News

After a 71-day streak of continuous inflows, BlackRock’s Bitcoin ETF, IBIT, has experienced a sudden stop with no new inflows. This sudden halt has raised concerns among investors, especially as Bitcoin consolidates around the $64,000 level. Many analysts view this as a bearish indicator for Bitcoin’s price, suggesting that the cessation of inflows from a leading Bitcoin ETF issuer could plunge buying demand. This decline in demand may make it challenging for Bitcoin to hold its recovery rally following the recent halving event.

Blackrock ETF Sees No Buying Demand

BlackRock’s spot Bitcoin ETF had maintained a remarkable streak of net inflows since its launch on January 11th. However, according to data from Farside Investors, this streak of 71 consecutive trading days with net inflows has now come to an end.

On Wednesday, the iShares Bitcoin Trust (IBIT) recorded zero net flows, breaking a record for a newly launched ETF. While IBIT’s performance was historic for a newly established fund, Bloomberg Intelligence analyst Eric Balchunas noted that other ETFs had longer streaks after establishing themselves over months and years in the market.

IBIT’s streak of inflows reached 71 days on Tuesday, making it the 10th longest streak of all time, as reported in an X post by Balchunas. However, according to data from Farside Investors, net inflows into IBIT came to a halt on Wednesday. On 25 April, IBIT again witnessed zero inflow volume, according to data from The Block.

On the same day, only the Fidelity Wise Origin Bitcoin Fund (FBTC) and the Ark 21Shares Bitcoin ETF (ARKB) experienced minor inflows, whereas the Grayscale Bitcoin Trust ETF (GBTC) recorded net outflows amounting to $130 million.

The conclusion of IBIT’s streak follows two consecutive weeks of net outflows for the 11-fund segment. However, its recent zero inflow volume might not have a big impact on Bitcoin as the sentiment is supported by several other bullish metrics including the recent halving.

Inflow Volume Might Rebound In The Coming Weeks

The flow of funds into US spot Bitcoin ETFs has experienced a significant decline in the second quarter. During the first quarter, the peak inflows were observed in February, totaling $6 billion, followed by March with $4.6 billion. January saw $1.5 billion as the market acquainted itself with the new products.

However, ETF inflows for April in Q2 only amounted to $170 million. This raises the question: is the demand for BTC ETFs declining?

Bitwise CIO Matt Hougan disagrees. In a weekly memo addressed to investment professionals, Hougan asserted that the potential for additional inflows remains high in the coming months.

Yesterday marked the first time since its inception that FBTC experienced outflows, amounting to $22.6 million. Concurrently, other funds such as Ark Invest’s ARKB, Bitwise’s BITB, and Valkyrie’s BRRR also saw outflows of $31.3 million, $6 million, and $20.2 million, respectively.

Furthermore, Grayscale’s GBTC, which has been on a 73-day streak of outflows since its conversion from a Bitcoin Trust, witnessed withdrawals totaling $139.4 million. The sole ETF to see inflows was managed by asset manager Franklin Templeton, receiving investments of $1.9 million.

The post Enticing Profit Potential on Milei Moneda Presale Has Forced the Hands of XRP and Ethena Investors appeared first on Coinpedia Fintech News

TLDR

XRP’s altcoin price has been facing setbacks due to the SEC vs Ripple standoff.

Ethena’s USDe yield farming gains are pretty unrealistic; traders are wary of investing in ENA’s stablecoin protocol. 

Milei Moneda’s ($MEDA) presale edges closer to launch day; more investors welcome $MEDA investments.

Legal battles are not the best experiences for any token looking to join the top altcoins in the crypto-verse; you can ask BNB. Now Ripple (XRP) is trading sideways partly because of its elongated drama with the SEC, and investors are starting to jump ship to Milei Moneda ($MEDA). On the other hand, Ethena’s (ENA) yield APY makes investors wary of investing.

At any rate, $MEDA tokens are one of the best cryptos to invest in this month. Here’s more on the presale. 

Economize Like Milei: Invest in $MEDA!

XRP Faces Resistance Amid Ripple’s Legal Battles

Ripple has been fighting the Securities and Exchange Commission (SEC) for over two years regarding unregistered XRP offerings. Last year, a New York judge ruled in favor of Ripple, partially resolving the issue. While the price surge helped XRP rise to the top of the DeFi crypto list, the legal tension only got worse.

Now, the SEC is demanding a $2 billion fine from Ripple, with the hearing slated for April 22, 2024. The next few days are crucial for Ripple’s DeFi coin price, and although XRP is getting significant interest, all that could change depends on the Supreme Court ruling.

Ripple has shown remarkable resilience, although traffic on the XRP ecosystem has dipped in favor of other top DeFi coins. Despite the increased open interest in Ripple and XRP’s coin value, many investors are taking their holdings elsewhere for the bull run this year.

ENA Could Be Going down the Same Path as Terra

Ethena enjoyed a stellar entry into the crypto-verse, employing airdrops and effective publicity to drive ENA’s value to over 100% just days after the launch. The last week was topsy-turvy for the ENA token; however, ENA shed some 33% of its altcoin price before recovering 10%, just as the market closed on Friday.

The price movements might not be enough to take Ethena off the list of the top 10 altcoins to buy, but the declining investor confidence might hurt ENA’s progress. Ethena is offering its users a 37% APY on their USDe investments in the protocol.

Investors have been wary of high profits since Terra, the last platform to do that, crashed quite suddenly soon after starting the yield farming policy. Ethena has its work cut out convincing its traders, and ENA’s ranking among the best DeFi coins depends heavily on it.

Milei Moneda Sees More DeFi Enthusiasts Join the $MEDA Presale

$MEDA is up for grabs, as the presale offers users a chance to join one of the most promising new ICOs ever to launch. Milei Moneda’s profits are apparently irresistible as more users hop on the presale train.

On profits, we have those attached to the presale–we’ll get to that in a bit–and the big ones. The big ones are long-term, requiring you to HODL your $MEDA tokens after they go live. Where will the profits come from, you ask?

Milei Moneda is one step ahead of you there! $MEDA intends to host the best DeFi projects, offering crypto traders real value instead of hot air and memes. And those DeFi projects will be born in the Milei Moneda community, where innovation and dedication are the only watchwords.

So, when the user traffic starts streaming in, your long-term $MEDA investments will return significant profits. The presale is still live and in Stage 2, and here’s your best chance for a bullish 2024.

You can get your Milei Moneda tokens for $0.0125 and lock in 60% ROI for May 21 when it launches on Uniswap at the launch price of $0.020. 

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

The post A Bullish Week Teases 20% Recovery For TRX Price appeared first on Coinpedia Fintech News

With the massive broader market correction, the TRX price action displays a pullback phase, testing the psychological mark of $0.10. However, the underlying demand, coupled with multiple bullish catalysts, led to a positive turnaround. 

As the buying pressure grows and the general market sentiment improves, the Tron token value projects a potential surge. With a chance of hitting $0.20, our TRX price prediction predicts a prolonged uptrend to hit $1 in 2024.

Trend Reversal Finds Momentum

With a bearish reversal from the $0.1433 resistance, the TRX price fails to surpass the May 2021 peak levels. A 20% pullback with multiple weekly bearish candles drops the market value to almost $0.10. 

TradingView

However, the solid demand at the psychological mark of $0.10 and the prevailing uptrend create a buy-the-dip perception for TRON. Further, the 61.80% Fibonacci level and the long coming support trendline increases the bullish influence at lower levels. 

Currently, the TRX price trades at $0.1184 with a weekly return of 6.28%, creating a bullish engulfing candle. Further, the price action reflects a morning star pattern formation at a crucial area of interest (AOI), increasing bullish reversal chances. 

Technical Indicators:RSI Indicator:  The weekly RSI line showcases a bullish turnaround from the halfway line and reflects a boost in underlying bullishness. 

MACD:  The bearish crossover in the MACD and signal lines are turning lateral as the buying pressure resurfaces. This increases the chances of a potential bullish crossover. The declining intensity of the bearish histograms bolsters this thesis.

Will TRX Price Reach $0.20?

As the buyers remain dominant above the psychological mark of $0.10, the reversal rally projects a high likelihood of a jump to $0.15. Sustaining the bullish momentum, the uptrend can reach the $0.20 mark. 

Conversely, a reversal rally from the $0.12 mark can drive the prices down to $0.10.

The post Bitbot Presale Passes $2.7m As New Product Peek Released appeared first on Coinpedia Fintech News

As the impending Bitcoin halving event sends ripples through the financial markets, savvy investors prowl for the next groundbreaking opportunity.

In this electric atmosphere, Bitbot’s latest new product video has caught the discerning eye of sophisticated investors, released just as the markets teem with anticipation.

With Bitbot’s presale already in stage 11, the tokens are flying off the virtual shelves quicker than ever. Read on to discover why investors are rushing to buy into this promising presale before it’s too late. 

Market insights: The Telegram trading bot market clears $1 billion

The Telegram bot market is booming: with stalwarts like PAAL AI and Banana Gun leading the charge, this newly birthed niche is currently valued at over $1.2 billion. These Telegram trading bot tokens have revolutionized trading for crypto enthusiasts, boasting a user base exceeding 1.4 million and a cumulative trading volume that has surpassed the $19 billion mark – pretty much all in the space of a year.

Although a vibrant ecosystem ripe with opportunity, it’s surprisingly underserved, highlighting the immense potential awaiting Bitbot’s introduction. 

Bitbot, the world’s inaugural non-custodial Telegram trading bot, is a revolutionary AI-powered Telegram trading bot that ensures users retain complete control over their assets until trades are settled, eliminating the need for a third party to hold funds. This method significantly enhances security and trust, addressing some of the most critical concerns in the Telegram trading bot market. 

By offering a non-custodial solution, Bitbot has the power to attract a new segment of privacy and security-conscious investors. This should both grow the market as a whole and take market share from Bitbot’s competitors – either way, great news for any BITBOT token holders.

Bitbot’s arsenal: Could this be a quantum leap in trading?

Since Bitbot is the first non-custodial Telegram trading bot geared towards retail investors, this marks a watershed moment in digital asset management. 

Bitbot’s sleek interface and one-click wallet creation simplify the trading process, complemented by a copy trading function that democratizes access to high-yield strategies.

Security is the cornerstone of Bitbot’s value proposition, evidenced by its collaboration with Knightsafe to deliver a fortified, non-custodial trading environment. This partnership mitigates counterparty and hacking risks, setting a new industry standard. Additionally, Bitbot’s anti-MEV and anti-rug features shield investor assets from prevalent market vulnerabilities.

Recent Medium blogs further delve into the nuances of Bitbot’s UI and functionalities, such as copy trading and the Gem Scanner. Its features driven by proprietary AI underpin Bitbot’s long-term potential by offering advanced market intelligence, personalized alerts and watchlists, and facilitating token sharing across different chains. This suite of features emphasized in the new product discussions positions Bitbot as a leader in harnessing AI for DeFi trading.

For investors, the synergy of Bitbot’s features translates into a token with robust growth potential. By democratizing access to advanced trading tools and market insights, Bitbot doesn’t just open up a new market; it actively cultivates one, widening its audience and, by extension, enhancing the value proposition of Bitbot tokens.

Bitbot price prediction: Riding the Telegram bot wave

In the bustling Telegram trading bot market, it’s clear that Bitbot is not competing for the crown but redefining the throne itself. It’s doing this in several ways.

Firstly, Bitbot’s dedication to safety sets a new market standard. Its non-custodial tech, its integration of anti-MEV bot measures, and its robust mechanisms to thwart rug pulls, directly address the prevalent vulnerabilities that have marred the reputation of competitors like Banana Gun and Unibot. 

These bots suffered significant setbacks—Banana Gun with a contract bug leading to a near-total value collapse, Unibot suffering over $500k in hacked funds last year, and another trading bot, Solareum, also being hacked for +$500k just this month. The security breaches and operational shutdowns Telegram bots experienced showcase the critical market gap Bitbot aims to fill effortlessly, attracting not only existing Telegram users but also a new audience wary of existing security issues. 

Despite the flaws and hacks Telegram trading bots have experienced, they are still popular with the trading community. Banana Gun has gone from its launch price of $9.93 to its current price of around $35 at press time—an over 200% jump in the past seven months. The Telegram trading bot market’s 24-hour trading volume is around $65 million, and contenders like Maestro and Bonkbot enjoy 7-day trading volumes of +$80 million and +$200 million, respectively. 

The economic incentives Bitbot offers—namely its revenue-sharing scheme, where coin holders receive a share of 50% of all trading fees, plus a referral scheme granting a lifetime 15% share of transaction fees—in addition to its enhanced security features, cement its potential for exponential growth. These schemes will likely bolster the community over time and help keep the BITBOT coin price strong.

Bitbot’s presale is drawing to a close

Bitbot’s presale has already passed $2.7m – nearly 100% more than Banana Gun’s presale amount raised. Investors who join the presale today can still realize 22.70% token price gains before the token launch. 

Bitbot is ready to dominate a market that still hasn’t really got going yet. And today is your chance to get ahead of the curve.

To learn more and purchase BITBOT tokens, visit the official website.

The post NFTFN Secures $500K in Presale Stage 1; Stage 2 is Almost Full & Closing Soon appeared first on Coinpedia Fintech News

The cryptocurrency market is currently experiencing a strong bullish trend, accompanied by an overall positive sentiment. This surge in cryptocurrency prices has led to increased market liquidity and boosted investor confidence. The Crypto Fear & Greed Index indicates Extreme Greed among investors, setting the stage for an exciting April in the crypto market.

Anticipating a Market Rally

Investors and traders are anticipating a market-wide rally in April, leading to a significant influx of capital into the crypto market. NFT Finance (NFTFN) has emerged as one of the most promising projects of 2024 in the web3 fintech space. As the crypto market heats up, investors are advised not to overlook the potential of tokens like NFTFN.

Addressing NFT Market Challenges

NFTFN aims to tackle challenges in the NFT market, including high entry barriers and a lack of risk management tools. Its flagship product, SuperNova (SNV), is a decentralized exchange that offers exposure to blue-chip NFT collections like Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC), among others.

Innovative Trading Ecosystem

Traders can use SNV’s innovative floor price index to take long or short positions based on the floor prices of these premium NFT collections, with leverage of up to 10x. By enabling users to interact with top NFTs with as little as $10, NFTFN is creating an inclusive trading ecosystem.

Strong Backing and Partnerships

NFTFN has raised $500k from crypto giants like Polygon and leading venture capital firms like Sigurd Ventures and Alpha Wave Global. It has also formed strategic partnerships with industry leaders such as Binance Smart Chain and Polygon, OpenSea, and BitsCrunch, WOW Earn, and Google Cloud Platform.

Hottest Presale Opportunity

After a successful initial presale round, NFTFN is now in the second stage of its presale, with investors eagerly buying the token for just $0.03 (limited supply of 1 billion tokens). Investors who participated in the first stage have already seen a 20% profit on paper.

Positioned for Growth

With the NFT market’s market capitalization projected to reach $230 billion by 2030, NFTFN is well-positioned to capitalize on this growth and experience a significant increase in its value.

Discover the Most Exclusive Presale Opportunity of 2024 Now:

Visit NFTFN Token Presale

NFTFN Official Website

Join Official Telegram Group

Follow Official X Account

The post Dogecoin’s Historical Performance Points to Potential Price Targets $3.80 appeared first on Coinpedia Fintech News

Crypto analysts are pointing to a fascinating trend in Dogecoin’s historical performance that could hint at potential price targets for the current bull cycle. According to the analysis, Dogecoin has consistently reached or surpassed the 1.618 Fibonacci extension, which currently projects a target of $3.80 for this cycle.

Dogecoin Aim For $3.80

In a recent tweet, a prominent crypto trader highlighted Dogecoin’s historical behavior, noting its tendency to achieve significant milestones based on Fibonacci extensions. The current 1.618 Fibonacci extension level suggests a potential target of $3.80 for Dogecoin’s price during the ongoing bull cycle. 

In all of #Dogecoins bull cycles it has never failed to meet or surpass the 1.618 Macro FIB extension measured from previous bull market highs to bear market lows. The current 1.618 FIB on #DOGE currently sits at $3.80. While I think this can be more difficult to achieve then… pic.twitter.com/9UE0rE3zCY

— Kevin (@Kev_Capital_TA) April 26, 2024

While acknowledging challenges posed by market dynamics and capital saturation, the trader emphasized the relevance of historical patterns in forecasting potential outcomes for Dogecoin’s price trajectory.

Further into analysis analyst, suggests that Dogecoin’s 3-day RSI (Relative Strength Index) consistently maintained above the 50 level throughout its journey to new all-time highs (ATH). 

Based on the historical pattern observed with the 3-day RSI, the trader suggests that Dogecoin is poised for a bounce from the current range, potentially leading to upward movement in price.

As you can see here when it comes to #Dogecoin in its previous bull cycle the 3 day RSI never lost the 50 level on its path to new ATH's. If we're to keep similar structure like we have been then we want to see #DOGE bounce from this exact same range we're in and eventually head… pic.twitter.com/xQP4zVZiVs

— Kevin (@Kev_Capital_TA) April 26, 2024

Other Notable Price Targets

Alongside the $3.80 target, the trader identified additional price targets based on Dogecoin’s historical performance. These include $0.95 and $1.35 for the current bull cycle, representing significant milestones that align with past price movements. 

The analysis highlights the importance of considering historical trends and Fibonacci levels as valuable tools for assessing potential price movements in the crypto market.

Dogecoin Price Analysis

As of now, Dogecoin (DOGE) is trading at $0.1511, showing a minor decline of 0.33% over the past 24 hours. The trading volume has also decreased by 31.87%, amounting to $959 million. Despite these fluctuations, Dogecoin’s market capitalization remains stable at approximately $21.3 billion.

The post From Zero to Hero: Solama’s Rise in the Solana Meme Coin 2024 Galaxy appeared first on Coinpedia Fintech News

In the ever-expanding Solana meme coin 2024 galaxy, Solama is a blazing star. Witnessing a meteoric rise in just a few short months, Solama has captivated investors with its incredible growth, passionate community, and innovative approach. 

Join us as we explore the story behind Solama’s success and discover why it could be the next big thing in crypto in the next bull run!

The Blueprint for Being the Top Solana Meme Coin 2024

For years, Ethereum reigned as the king of altcoins. However, a new contender has emerged, steadily chipping away at Ethereum’s dominance: Solana.

Solana’s recent growth has been nothing short of remarkable. One driving force behind this surge? The explosion of meme coins within the Solana ecosystem is a topic that has ignited heated discussions across the crypto community.

Among this wave of meme coins, Solama shines brightly, as it was just launched a while ago, and since then, it has captured the hearts of many investors within the Solana network.

But what does it take to become the shining star of Solana meme coins?

1. Explosive Growth

Solama showed us its great potential and remarkable market cap surge, as documented on CoinMarketCap, and went from $1 million to $100 million in three days.

Later, Solama reached its all-time high of over $120M in market cap, which shines a light on its potential, right?

2. Engaged Community

With a rapidly growing community nearing 30,000 holders and still counting, Solama fosters a fun and inclusive environment. Their new website features an engaging game, while their official merchandise store, Solama Trendz, lets you proudly represent your Solama spirit animal.

Who doesn’t like llamas and doesn’t want themed meme merch to represent their uniqueness?

3. Strategic Partnerships

A new crypto project is about more than just the hype in today’s fast-paced world. As such, it should cater to more than the meme craze, offering new ecosystem extensions that seamlessly blend in strategic and lucrative partnerships.

 As we all know, strategic partnerships are the building blocks of a thriving ecosystem.

Therefore, they’ve secured partnerships with industry leaders like AssetDash, a powerful crypto portfolio tracker and swap platform, solidifying their commitment to long-term success, besides having big influencers such as WhaleInsider by their side, fostering trustworthiness and transparency.

4. Beyond Fun and Engagement

Sure, Solama offers the potential for financial gains, but they understand that a strong community is vital for long-term success. That’s why they’ve created a fun, engaging game accessible directly on your desktop. 

Imagine a crypto project where you can hold tokens and enjoy a playful game with fellow Solama enthusiasts. This unique approach sets Solama apart and strengthens the bonds within its growing community.

5. Multiple Exchanges Embrace the Rising Star

Solama’s rise isn’t going unnoticed by the crypto exchange world. As demand for $SOLAMA soars, many platforms are eager to list this exciting meme coin.

For those who prefer a decentralized approach, Solama is readily available on popular DEXs like Raydium, Jupiter, and Orca, offering a private and secure trading experience. 

Centralized exchange enthusiasts can also rejoice, with $SOLAMA gracing the listings of prominent CEXs like Bitrue, BitMart, CoinEx, and MEXC. This accessibility ensures a smooth and convenient experience for all investors.

But the party doesn’t stop there! There are whispers about even more Tier 1 CEX listings for Solama, validating Solama’s potential to become the undisputed champion of the 2024 Solana meme coin scene.

Also, stay tuned for May 7, the BingX official token launch!

6. The Solana Advantage

Built on the Solana blockchain, Solama leverages the platform’s high speed, low fees, and constant development focus, ensuring a robust and scalable foundation for its ecosystem.

As a result, Solama’s commitment to continuous development ensures scalability and adaptability, crucial factors for long-term growth within the ever-evolving crypto landscape.

With upcoming Tier 1 CEX listings set for May, June, and July, Solama is off for an incredible journey ahead. Will you be a part of it?

Join the Solama Ecosystem!

Explore their official website, play their llama-themed game, grab some merch, and join the conversation on social media channels like X (Twitter), Telegram and Instagram.

The post China Might Unban Crypto in Upcoming 3 Months: Experts Predict appeared first on Coinpedia Fintech News

China, known for its strict stance against cryptocurrencies, is reportedly considering lifting its ban on Bitcoin in the upcoming months. This development comes as Hong Kong, a Chinese Special Administrative Region, makes significant moves towards embracing Bitcoin by approving Bitcoin exchange-traded funds.

The Chinese Ban on Cryptocurrencies

China’s ban on cryptocurrencies began in September 2017 when the government imposed strict regulations on Initial Coin Offerings (ICOs), leading to the shutdown of cryptocurrency exchanges. The ban aimed to curb financial risks and illicit activities associated with cryptocurrencies. 

It included prohibitions on mining, trading, and ICOs. The government also cited environmental concerns related to Bitcoin mining as one of the reasons behind the ban.

In 2021, China escalated its crackdown on cryptocurrency mining, leading to the shutdown of large-scale mining operations across the country. This move resulted in a significant exodus of mining operations to other countries with more favourable regulatory environments. The aftereffects of the ban were substantial, with a dramatic drop in Bitcoin’s hash rate and a shift in the global mining landscape.

After effects of the Ban

China’s ban on cryptocurrencies caused a ripple effect across the industry. The clampdown on mining led to a notable decrease in Bitcoin’s hash rate, as miners relocated to countries with more lenient regulations. This shift also impacted Bitcoin’s price, causing temporary market volatility.

The ban’s effects on the broader cryptocurrency ecosystem were also notable, with Chinese crypto exchanges and other crypto-related businesses relocating to more favourable jurisdictions. This migration of talent and capital affected China’s position in the global cryptocurrency industry.

Hong Kong’s Bitcoin ETF Approval: A Turning Point?

The recent approval of spot Bitcoin and Ether ETFs in Hong Kong may signal a change in China’s stance on cryptocurrencies. The Hong Kong Securities and Futures Commission approved these ETFs, which are set to begin trading on April 30, 2024. 

This move makes Hong Kong the first Asian financial hub to embrace cryptocurrencies as mainstream investment tools.

The approval of Bitcoin ETFs in Hong Kong has several implications for China. As a Special Administrative Region, Hong Kong has a separate legal and financial system, allowing it to make independent decisions regarding financial products. 

However, Hong Kong’s moves towards becoming a global digital asset hub may encourage mainland China to reconsider its ban on cryptocurrencies.

Influence of Hong Kong’s Crypto-Friendly Stance on China

With Hong Kong’s Bitcoin ETFs gaining popularity, China might see an opportunity to reengage with the cryptocurrency market. 

The success of these ETFs could demonstrate the potential for regulated and compliant cryptocurrency investment, alleviating some of China’s concerns about financial stability and illicit activities. 

Additionally, the success of the US’s spot Bitcoin ETFs, which have drawn significant net inflows, may further influence China’s decision to unban Bitcoin. 

These developments suggest that China could benefit from embracing cryptocurrencies in a regulated manner, potentially boosting its position in the global financial market.

The post Strike CEO Predicts Explosive Bitcoin Growth, Eyes Potential Seven-Figure Price appeared first on Coinpedia Fintech News

Jack Mallers, CEO of Bitcoin’s Lightning Network wallet Strike, has made bold predictions about Bitcoin’s potential price surge, suggesting that the cryptocurrency could skyrocket by up to 1,486% to reach around $1 million during the current market cycle.

Mallers highlights the significant implications of potential liquidity injections to stabilize these markets, which could drive up asset prices, including Bitcoin.

Bitcoin Aim For $1Million

In a recent interview on the David Lin YouTube channel, Jack Mallers shared his optimistic outlook for Bitcoin’s future, highlighting significant potential gains ranging from 297% to a staggering 1,486% to reach around $1 million during the current market cycle.

Mallers believes that Bitcoin’s price will rise sharply because there’s a limited supply of Bitcoin, making it more valuable as demand grows. He described Bitcoin as the ‘hardest’ money ever created due to its fixed supply, contrasting with inflation-prone fiat currencies.

Lightning Network & Bitcoin’s Utility

Mallers also discussed the Lightning Network and its transformative impact on Bitcoin’s utility as a global currency. He explained how the Lightning Network addresses scalability challenges by enabling faster and cheaper transactions, enabling real-time global Bitcoin transactions through Strike.

Moreover, the Lightning Network can handle up to a million transactions per second, making it very efficient. This advancement positions Bitcoin as a practical medium for everyday transactions, not solely an investment asset.

Bond Market Turmoil

Further into the analysis, Mallers began by addressing the unprecedented challenges facing the bond market, suggesting that bondholders are facing substantial losses. Meanwhile, a significant part of the conversation centered on central banking systems and their influence on economies.

Mallers criticized central banks for devaluing currencies and eroding individuals’ wealth, positioning Bitcoin as a revolutionary alternative that could empower individuals through a decentralized and stable monetary system.

“Bondholders are getting demolished and crushed… So if that happens, it’s impossible to speculate on an asset as scarce as Bitcoin. But I think $250,000 to one million is the imagination I have in that range of just how big this can get,” 

Skepticism Towards Altcoins Future Plans 

In addition, Mallers expressed skepticism about altcoins, including Ethereum, questioning their viability as true money. He viewed many altcoins as technological experiments rather than genuine monetary solutions, designed to capitalize on trends rather than provide substantive value. 

Mallers particularly criticized Ethereum’s shift to proof-of-stake, which he saw as a departure from its original vision as a neutral, immutable monetary system.

Looking ahead, Mallers shared ambitious plans for Strike, aiming to position it as a leading financial service for Bitcoin amidst expectations that Bitcoin will become the world’s reserve currency.

The post 99Bitcoins Token ICO Raises $800K and is Offering Huge $99K BTC Airdrop appeared first on Coinpedia Fintech News

The newly launched 99Bitcoins token has raised $800K in its presale so far, and investors are racing to secure their share of its airdrop.

Ushering in a revolutionary remodel of crypto education, 99Bitcoins’ new Learn-to-Earn platform comprises the 99Bitcoins token and an eagerly-anticipated airdrop campaign, with $99K worth of BTC up for grabs.

$99BTC will power the Learn-to-Earn platform, which rewards users for learning about cryptocurrency.

From content king to crypto extraordinaire 

99Bitcoins lays its stake as one of the industry’s most esteemed media outlets. It was conceived in 2013, the same year as CoinDesk, and began racking up accolades immediately. 

Today, it is a beacon of quality cryptocurrency content, boasting over 700K YouTube and 2.8 million email subscribers, and that’s not to mention its bread-and-butter news site readership.

However, its latest feat will fill multiple market gaps. It will serve the industry with much-needed educational content through its gamified Learn-to-Earn layer while intertwining cutting-edge tokenomics to stimulate community participation.

Previously, industry newcomers were subject to fragmented educational content and would seek it from the murky worlds of Crypto Twitter and YouTube. 

But the prestigious 99Bitcoins will streamline the process and inject a degree of trust, reliability, and professionalism more aligned with the industry’s bright future.

On 99Bitcoins’ Learn-to-Earn platform, users can embark on a structured self-learning journey that comprises modules, quizzes, and tutorials.

They will rack up experience points by engaging with the platform, helping them climb up the leaderboard, which, in turn, earns them more rewards.

In addition to accessing the Learn-to-Earn platform, 99Bitcoins token holders get access to token rewards, BRC20 tools and education, crypto trading signals, a VIP community group, and the potential for capital appreciation.

Specifically, the 99Bitcoins website references the Bitcoin halving effect as an integral price driver for $99BTC. The site predicts that as BTC climbs higher, more people will be drawn to the industry and the 99Bitcoins platform, propping demand for $99BTC.

These benefits have not gone unnoticed, with investors sinking $800K into the presale so far. But another reason for its success is its ongoing airdrop, which offers real Bitcoin rewards.

Over 4,000 entrees in the 99Bitcoins airdrop – join before it’s too late!

$99K worth of Bitcoin will be distributed as airdrop rewards to winners of the 99Bitcoins airdrop. But the prize is set to be split between 99 people, giving entrants a good chance of winning.

Potential participants get up to 11 entrees each by completing tasks outlined on the project’s Gleam page. Winners will be announced on 19 July 2024.

However, there are plenty of other ways for users to earn free crypto with 99Bitcoins token. For instance, staking is already live and offers approximately a 2,300% APY. But this will decrease as the staking pool grows. 

As per its website, 10.5% of $99BTC tokens are allocated to the presale, 14% to staking rewards, 27.5% to project funds, 17% to community rewards, 8% to liquidity, and 23% to marketing.

The current 99Bitcoins token price is $0.00102, but this will rise throughout the presale. The next uptick will occur in four days or when the total raise hits $1.4 million.

Join the 99Bitcoins Telegram or follow it on X for the latest developments. Alternatively, visit its presale website to buy and stake tokens.

Visit 99Bitcoins Token Presale

The post Scorpion Casino (SCORP) Is The 100x Token You’ve Been Waiting For, Casino Industry Set For Massive Disruption appeared first on Coinpedia Fintech News

In the cryptocurrency realm, many investors are on the hunt for big opportunities. The recent introduction of the Scorpion Casino $SCORP token could be the answer to that quest. This groundbreaking project is set to shake up not only the gambling sector but also potentially offer substantial returns for investors.

The 100x Potential

In the realm of cryptocurrency investments, discovering a coin capable of increasing in value by 100 times or more is like striking gold. $SCORP, with its blend of usefulness rewards and growth prospects, appears to embody the qualities of a token with 100x potential.

At the core of the Scorpion Casinos ecosystem lies the $SCORP token, which serves as the medium for transactions and value accumulation within its framework. As more users flock to the platform and it expands, there’s anticipation that demand for $SCORP will surge, consequently elevating its valuation.

Furthermore, through its staking initiative, which promises a staking rate of 150%, over three years, Scorpion Casino has motivated holders to lock up their tokens—an approach that diminishes circulating supply and further propels the tokens worth.

An innovative take on the world of betting

Scorpion Casino stands out as more than your typical online gambling site; it represents a groundbreaking shift in the industry. Through the utilization of technology and cryptocurrency, Scorpion Casino promises a level of transparency, security, and fairness that sets it apart from virtual casinos.

This platform offers a range of gambling options, including over 30,000 betting opportunities and a diverse selection of casino games and live gaming experiences. Such a comprehensive selection distinguishes Scorpion Casino from its competitors, making it a go-to destination for all things related to gambling.

What truly makes Scorpion Casino unique is its dedication to rewarding its users. Alongside the staking program, holders of $SCORP tokens benefit from perks such as receiving up to 40% in casino credits and gaining entry into a $250K giveaway. These incentives encourage users to participate on the platform and hold onto their tokens for a period of time.

A Disruptive Force in the Casino Industry

The online gambling sector is ripe for transformation, with Scorpion Casino at the forefront of this movement. With its strategies and compelling value proposition, Scorpion Casino is positioned to claim a market share and establish itself as a key player, in this competitive landscape.

Traditional online casinos, known for their lack of transparency and questionable practices, will find it challenging to keep up with the fairness and security standards set by Scorpion Casino. With the rising popularity of cryptocurrency gambling platforms like Scorpion Casino, they are set to become the industry norm.

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The post What Could be the Next 1000x Crypto? 3 Contenders appeared first on Coinpedia Fintech News

With the crypto market teetering on another explosive breakout, traders face a buying opportunity with potentially life-changing gains at play.

This article looks at three contenders that hold 1000x potential for the upcoming bull rally. We consider factors like use cases, track records, price, tokenomics, and more.

Based on these criteria, top picks are Slothana, Bittensor, and Dogeverse. Let’s explore each in more detail.

Slothana

Slothana is a leading presale meme coin on the Solana network. Throughout its ICO campaign, the project has raised more than $15 million. This makes it a frontrunner on the presale circuit, surpassing earlier sensations Book of Meme and Slerf.

Following their respective presales, Book of Meme exploded to a $1 billion market cap in just two days, while Slerf overtook Ethereum in on-chain trading volume.

Slothana’s early momentum signals it could outperform both following its IEO, but that’s not the only factor pointing to exciting potential.

There are rumors that Slothana was launched by the creators of Smog, another explosive Solana meme coin that soared 100x to a $270 million market cap.

Traders noticed that Smog commented on Slothana’s first-ever X post when it had less than 50 followers, reflecting that the teams are at least aligned on some level.

However, those looking to buy the new sloth-themed meme coin should act fast because the presale will end in three days, and then $SLOTH will launch on exchanges.

Visit Slothana Presale

Dogeverse

Meme coins have recently fared one of crypto’s hottest trends, with projects like Pepe, Dogwifhat, and Bonk seeing astronomical success. However, Dogeverse raises the bar and challenges the sector’s norms, launching across six different blockchains.

The innovative move means Dogeverse is already available on Ethereum, Based, BSC, Polygon, and Avalanche, and it will soon go live on Solana, too.

Through this initiative, Dogeverse bypasses blockchain fragmentation, ensuring widespread accessibility and enabling the different communities to unite under one meme coin.

Staking is another promising Dogeverse feature. Its staking layer incentivizes users to lock up their tokens for passive rewards. In addition to incentivizing the community, this bolsters the token’s supply and demand dynamics by encouraging long-term holding.

Currently, stakers can earn a 100% APY, but this will decrease as more tokens are staked.

The project is currently undergoing a presale, having raised $11 million so far. It is priced at $0.000302, but this will rise throughout the campaign, with the next uptick in one day or when the total raise hits $12.1 million.

Visit Dogeverse Presale

Bittensor

Bittensor is said to be the “Bitcoin of AI.” If this analogy is valid, we can expect a tremendous performance from TAO in the coming years.

It is already well established, trading at $452 with a $3 billion market cap. Its price is up 5% this week, down 21% this month, and up 827% this year.

Given its large market cap, a 1000x gain would likely take multiple 4-year market cycles. That said, its higher market cap also reduces volatility, and its position as a market leader in crypto-AI innovation bolsters its chances of long-term success.

Bittensor offers a robust framework for distributed and incentivized computational power, similar to Bitcoin, except the power is used for AI.

It serves as a marketplace where machine learning and AI developers can rent power to train models. 

This solves two problems simultaneously: 

On the one hand, it negates the high costs associated with developing AI models. 

On the other hand, it prevents the fragmentation of knowledge prevalent within the AI industry, ushering in a shared and open-source framework instead.