PI Network Partners with 80 Financial Institutions, Discovers Fountain of Youth Read CoinChapter.com on Google News

NOIDA (CoinChapter.com)— If you did not get it, both parts of the headline are ridiculous, imaginary, and meant to support Pi Network’s shilling campaign.

Given the continued Pi Network shilling campaign, the mobile-based crypto mining project seems to have either the most dedicated marketing team or the most deluded fans.

The delusion spectrum has everything from outrageous price predictions valuing PI Coin at $314,159 per token to Elon Musk supporting the project. Now, even a random post by someone who likely heard from the friend of an acquaintance of a distant relative becomes news.

Despite the delays in the mainnet launch and scammers targeting the token’s miners, the Pi Network token remains a favorite among users in the Asia-Pacific region. Many traders are looking to buy Pi coins in India, especially following the recent stock market crash in the aftermath of election results.

Yup, The Shillers Did It Again

Pi Network shillers have to be one of the world’s most dedicated or deluded people. Foremost among the PI coin hopium peddlers is the news website Hokanews. In a June 4 post, the news website claimed Pi Network had partnered with 80 financial institutions.

The source of this mega claim turned out to be a PI coin miner named Daniel, who claimed that “over 80 financial institutions” had integrated Pi Network.

PI Coin users continued their shilling campaign for the token.

Considering that the Pi Network remains a closed mainnet, with no clear indication about the open mainnet launch, the information cannot be true by any standards.

Of course, Daniel might be talking about the mom-and-pop shops in Vietnam that are currently accepting PI coins as a form of barter trade, but they hardly qualify as financial institutions.

Moreover, this is not Hokanews’ first time sharing baseless facts as news. Earlier in March 2024, Hokanews picked up a joke announcement from a Pi Network news handle about the mainnet launch and ran it as actual news, sending the PI coin price flying to $122.

There was also a time when Elon Musk planned to accept PI tokens as a payment medium. Maybe, if the billionaire entrepreneur gets hooked on Pi Network’s recently discovered fountain of youth. Though it is likely some PI coin miner accidentally fell in a puddle while high on hopium.

PI Network Token Price Rallies, But Remains Rangebound

The Pi Network token has remained rangebound between $39 and $42 since late April 2024. However, PI coin price’s recent rally brought the token close to $41 after 2% spike on June 6.

PIUSDT daily price chart with RSI. Source: Tradingview.com

The hopium addicts could push the token to the resistance near to the resistance near $42.3. Moreover, breaking and consolidating above the immediate resistance could help PI coin price to the resistance near $44.5.

On the other hand, a downtrend could force the Pi network token price to test the support levels near $39 and $37.7.

The RSI for PI coin remained neutral, with a score of 53.84 on the daily charts.

The post PI Network Partners with 80 Financial Institutions, Discovers Fountain of Youth appeared first on CoinChapter.

Matt Hougan Read CoinChapter.com on Google News

YEREVAN (CoinChapter.com) — The crypto market could become a $20 trillion industry, says Matt Hougan, Chief Investment Officer at Bitwise. Regulatory clarity in the U.S. might finally open the floodgates for financial advisors to invest in crypto.

Unclear Rules Stop Advisors from Investing in Crypto

For the past five years, financial advisors have hesitated to invest in crypto. The primary reason is regulatory uncertainty. Without clear guidelines, advisors are cautious about venturing into this space. Hougan emphasizes that this has been the main barrier preventing significant investment.

Recent political moves indicate a shift towards clearer regulations. Last month, Democrats repealed Staff Accounting Bulletin 121. Additionally, the House passed the Financial Innovation and Technology for the 21st Century Act (FIT21). These actions signal potential changes that could benefit the crypto industry.

Stable Regulations Could Draw Trillions to Crypto

Hougan suggests that clearer regulations could lead to a significant influx of investment. He points out that the $20 trillion financial advisory industry could begin investing in crypto once the regulatory environment stabilizes. This potential shift could drastically increase crypto market capitalization.

Source: Matt Hougan

BlackRock’s recent entry into the crypto space had a noticeable impact on the market. Hougan believes that if Wall Street fully embraced crypto, the effects would be even more substantial.

“Imagine if all of Wall Street accepted crypto as a normal part of the market,”

he remarks.

On May 23, the Securities and Exchange Commission approved spot Ether exchange-traded funds (ETFs) after months of speculation. However, challenges remain, as evidenced by President Joe Biden’s veto of the SAB 121 repeal. Hougan notes that despite these setbacks, progress is being made.

Biden Vetoes Crypto-Friendly Legislation Despite Bipartisan Support. Source: BlockchainAssn Crypto’s Untapped Potential Still Waiting

The crypto market still holds a lot of untapped potential. Hougan observes that many financial advisors remain outside the “crypto bubble.” He often sees disinterest when discussing crypto-related political developments at conferences. Yet, he believes that if the implications were understood, the market would reach new highs.

Despite recent progress, significant policy changes have not yet occurred. With the SAB 121 repealed and FIT21 facing challenges in the Senate, regulatory clarity remains uncertain. Hougan comments,

“The tide has changed, but the water hasn’t come in yet. Wake me up when the action happens.”

The post U.S. Political Shift Could Unlock Trillions for Crypto: Bitwise appeared first on CoinChapter.

Binance altcoins Read CoinChapter.com on Google News

YEREVAN (CoinChapter.com) — On June 3, Binance announced its decision to delist four altcoins: OMG Network (OMG/USD), Waves (WAVES/USD), Wrapped NXM (WNXM/USD), and NEM (XEM/USD). The delisting will take effect on June 17, 2024. This decision is part of Binance’s regular review process to ensure the highest quality of trading assets on its platform.

Binance Delisting Announcement. Source: @binance

Binance cited several criteria for delisting, including project team dedication, development quality, trading activity, network stability, community engagement, and compliance with regulatory requirements. These factors are crucial for maintaining a secure trading environment.

Trading Pairs Affected by the Binance Altcoins Delisting

This decision will impact several trading pairs, including OMG/USDT, WAVES/BTC, WAVES/ETH, WAVES/TRY, WAVES/USDT, WNXM/USDT, and XEM/USDT. After June 17, Binance will automatically cancel all pending orders for these pairs.

Starting June 18, no new buy orders will be accepted for these pairs. Users will be able to withdraw their assets until September 17, 2024. This provides a three-month window for managing holdings.

Binance will also stop supporting these altcoins in various services. These services include Binance Earn, Binance Savings, Binance Staking, Binance Margin, Binance Convert, Binance Gift Cards, and Binance Pay. Binance Futures will remove the WAVES/USDT pair on June 11, while perpetual contracts for OMG/USDT and XEM/USDT will remain available.

Sharp Price Declines Following Announcement

Following the announcement, the market reacted swiftly. The value of OMG dropped by 25.76%, WAVES by 27.06%, and XEM by 28.73%. Wrapped NXM initially declined but quickly rebounded, currently down by only 3.27%.

OMG Network Price Drop Chart. Source: CoinMarketCap

These price changes highlight the immediate impact of Binance’s delisting decisions. Historically, Binance’s actions have significantly affected cryptocurrency prices. For example, the delisting of DREP, MobileCoin, and pNetwork in March led to their values halving within hours. Conversely, the listing of new tokens like Axelar Network (AXL/USD) and Dogwifhat (WIF/USD) saw their prices surge by over 25% post-announcement.

Binance plans to facilitate the conversion of these delisted coins into stablecoins after September 18, 2024. This will provide an option for managing investments during market changes.

The post Binance to Delist Four Major Altcoins in June appeared first on CoinChapter.

cryptocurrency news of the day Read CoinChapter.com on Google News

Here is the top crypto news of the day curated by CoinChapter.com.

Court Strikes Down SEC Rule 

A federal appeals court has invalidated an SEC rule that would have forced hedge funds and private equity firms to be far more transparent about their fees, expenses and performance. In a ruling on June 5th, a three-judge panel from the Fifth Circuit Court of Appeals struck down the extensive 656-page regulation.

Source: X

The ruling is a win for six industry groups that challenged the regulation. Judge Kurt Engelhard rejected the SEC’s claim that the Dodd-Frank Act expanded the agency’s mandate to regulate private funds in this manner.

The vacated rule would have mandated quarterly investor reports, annual audits, and an end to preferential treatment of certain investors. The SEC maintained these measures were necessary to enhance transparency and protect investors. However, critics in the crypto industry and elsewhere had questioned whether the SEC was overstepping its authority.

Another Crypto News of the Day: Most Celebrity Crypto Tokens Down Over 66% 

The majority of recently launched celebrity-endorsed cryptocurrencies experienced massive sell-offs just weeks after their debuts. One notable exception is a token launched by rapper Iggy Azalea, which has defied the trend by setting fresh all-time highs.

Source: X

The plunge began after media personality Caitlyn Jenner launched the “JENNER” token on May 28th.  The token initially generated over $30 million in market capitalization. However, despite Jenner’s confirmation of the token’s authenticity, JENNER has since plummeted 79% from its record price of $0.0061.

JENNER’s change in price over the last week. Source: CoinGecko

Other celebrity crypto tokens facing similar fates include “DAVIDO” by Nigerian singer Davido (down 66%), “RICH” by rapper Rich the Kid (down 90%+), and coins tied to Floyd Mayweather, Moneybagg Yo, and Trippie Red, which have all hemorrhaged over 90% of their value.

The lone standout is “MOTHER” by Iggy Azalea, which skyrocketed to a $134 million market cap on June 6th. The token set a new all-time high price of $0.1272 in the process. 

MOTHER’s change in price over the last week. Source: CoinGecko McDonald Launches Metaverse Experience in Singapore 

McDonald’s has launched a first-of-its-kind virtual experience called “My Happy Place” in Singapore. In partnership with local metaverse developer Bandwagon Labs, the project allows customers to build virtual burgers, play games, and earn rewards like free McDonald’s food.

Source: X

According to Bandwagon Labs founder Clarence Chan, the secure authentication enabled by crypto wallets like MetaMask unlocks “token-gated” activities and digital collectibles within the virtual space.

The initial McDonald’s metaverse rollout is limited to a one-month run in Singapore from June 6th to July 7th. The fast food giant will closely monitor its success as a potential springboard for broader deployment. 

Crypto News: Forcount ‘Ponzi’ Promoter Pleads Guilty in $8.4M Fraud Case

One of the leading promoters behind the alleged $8.4 million Forcount cryptocurrency “Ponzi” scheme has pleaded guilty to federal wire fraud conspiracy charges. Juan Tacuri admitted to his role in luring mostly Spanish-speaking victims worldwide. He ran a fraudulent crypto investment with false promises of doubling money through bogus crypto trading and mining activities.

Source: X

Tacuri now faces up to 20 years in prison. The authority forfeited nearly $4 million and real estate he acquired through ill-gain money. Prosecutors stated he spent millions on “luxury goods” as he traveled giving presentations hyping the scam.

Crypto Advocacy Group Tops 1 Million Members

The crypto advocacy group Stand With Crypto announced it has exceeded 1 million members as of this week. The organization is backed by major crypto exchange Coinbase and has emerged as a forceful political voice. It grades politicians on crypto stances, organizes grassroots events, and recently formed a PAC to directly support candidates.

Crypto advocacy group Stand With Crypto exceeded 1M members. Source: standwithcrypto .org

With the self-reported membership, Stand With Crypto says it is sending “a clear message to Washington” that crypto is a pivotal issue with substantial voter interest. The group aims to mobilize its ranks of U.S. crypto enthusiasts to lobby for industry-friendly policies and lawmakers.

Follow CoinChapter to stay up-to-date on the latest crypto news and insights.

The post Top Crypto News Of The Day: SEC Rule Rejection, Celeb Crypto Down, and More appeared first on CoinChapter.

Ethereum Read CoinChapter.com on Google News

YEREVAN (CoinChapter.com) — Over $3 billion worth of Ether (ETH) has been removed from centralized crypto exchanges since the approval of spot Ether exchange-traded funds (ETFs) in the United States on May 23. According to data from CryptoQuant, the amount of Ether on exchanges fell by around 797,000 between May 23 and June 2, equivalent to $3.02 billion.

Ethereum Exchange Reserve Decline. Source: CryptoQuant

Lower exchange reserves mean fewer coins are available for sale, as investors move their coins to self-custody, indicating a preference for long-term holding over short-term trading.

Ether Exchanges Drops to Lowest Ever

Glassnode data, shared by BTC-ECHO analyst Leon Waidmann, shows that the percentage of circulating Ether supply held on exchanges is at its lowest level in years, currently at just 10.6%. This decline in exchange reserves could have significant implications for the market.

Record Low Exchange Balances for BTC and ETH. Source: Leon Waidmann

As more Ether is moved off exchanges, the reduced availability could lead to increased price volatility. With fewer coins available for trading, the market may experience sharper price movements.

Ether ETFs May Boost Prices to New Highs

Last week, Bloomberg ETF analyst Eric Balchunas indicated that Ether ETFs have a “legit possibility” of launching by late June.

Source: Eric Balchunas

Some analysts believe that once spot Ether ETFs start trading, the increased demand could drive Ether to break its November 2021 all-time high of $4,870.

The launch of spot Ether ETFs is expected to attract a lot of investor interest, similar to what happened with Bitcoin ETFs in January. BitMEX Research shows that Bitwise’s BITB had the highest inflows on the first day with $237.9 million, followed by Fidelity’s FBTC with $227 million, and BlackRock’s IBIT with $111.7 million.

Flows for spot Bitcoin ETFs from Jan. 11 to March 9. Source: BitMEX

Michael Nadeau, a DeFi report crypto analyst, noted in a May 28 report that Ether could benefit even further from demand pressures than Bitcoin. Unlike Bitcoin miners, who must sell BTC to cover mining costs, Ethereum validators do not face the same operating expenses.

Grayscale Ethereum Trust Raises Price Concerns

Despite the optimism surrounding Ether ETFs, there are concerns about the potential impact of Grayscale’s Ethereum Trust (ETHE), which manages $11 billion in funds. If ETHE follows the pattern of the Grayscale Bitcoin Trust (GBTC), which saw $6.5 billion in outflows in the first month after approval, it could influence Ether’s price action.

Currently, Ether is trading at $3,791, down 0.82% over the past 24 hours and around 23% below its all-time high, according to CoinMarketCap.

Ethereum Daily Price Fluctuations. Source: CoinMarketCap

The post $3B Ethereum Exit from Exchanges Following ETF Approvals appeared first on CoinChapter.

Willemstad, Curacao, June 6th, 2024, Chainwire

The BetFury crypto ecosystem announced a great Cryptodrop. The prize pool of $20,000,000 will be distributed from the end of Q3 to the beginning of Q4. This initiative offers participants the chance to earn cryptocurrencies by completing various tasks. The Cryptodrop pool consists of top-tier crypto and BFG tokens, which have strengthened their position after burning 33% of the total supply and locking 48% of circulation.

About the Cryptodrop  

Cryptodrop involves distributing tokens to users who complete specific tasks. Unlike other projects, BetFury’s Cryptodrop features tokens with established market value. Participants can earn more crypto by accumulating points through various activities.

Key Features of BetFury Cryptodrop:

Prize pool of $20,000,000;

Rewards in real crypto and the valuable BFG token;

Transparent drop duration (Q3 – Q4, 2024);

Easy-to-join mechanics via Telegram and a user-friendly interface;

The chance to earn free crypto and interactive Fury Game.

The Cryptodrop event offers a gateway for beginners to enter the crypto industry and allows experienced users to explore new opportunities within the BetFury ecosystem.

Funding and Transparency

BetFury Cryptodrop consists of crypto, which the project has accumulated over a certain period, and 350,000,000 BFG, which is transferred from the Community wallet allocated by the team. Thus, every active Cryptodrop participant has a chance of earning currencies like USDT, ETH, BTC, and BFG. 

Since the project has been developing in the industry for over four years, it can afford the Cryptodrop with the $20 million pool. Moreover, BetFury has located this round amount on a public address for total transparency.

About the Growing BFG token

BetFury’s Cryptodrop is also an investment in the future prosperity of its native token. BFG has already demonstrated price growth – by 40+% over the last month, according to CoinMarketCap statistics. It’s explained by upgrading a deflationary strategy, which provides for BFG buybacks, locks, monthly burnings, and permanent support for active holders. In addition to transferring 100% of revenue from iGaming activities and crypto functionality to BFG utilities, the BetFury team locked up one billion BFG for 4.8 years. These moves demonstrate the platform’s strong desire to evolve its product and the native token.

How to Participate in BetFury Cryptodrop?

To take part in the BetFury Cryptodrop, the user must go through a few simple steps:

Launch BetFury Cryptodrop Bot on Telegram.

Create a Cryptodrop account via this Bot.

Read a short Cryptodrop overview.

Launch the BetFury Bot and create/connect a BetFury account. This step is necessary to obtain rewards at the end of the event.

After completing these steps, the user becomes an official participant of the Cryptodrop. The more points a participant accumulate, the higher your chances of winning the grand crypto prize.

BFG Farm

BFG Farm is a unique feature that allows users with the potential to earn free crypto. Users can get up to 96,000 BFG daily depending on the BFG Farm level. These levels can be upgraded by collecting Wager points. To claim crypto, the participant should invite two or more friends and connect to a Twitter account for daily shares.

Play Fury Game – Get USDT, BFG & Game Points 

This 2D runner is the best entertainment for the chance to earn real crypto with gameplay that sets it apart from ordinary tap games. Playing as a raccoon, the participant can collect USDT, BFG, game points, and energy recovery badges The duration of each round in Fury Game is determined by energy that can be pumped up, increasing game levels.

Collect Plenty of Points in Quests

Quests are tasks of several types for collecting various points. They are similar to Notcoin Quests but offer more opportunities due to the extensive platform functionality. There are currently four types of Quests:

Gaming Quests: Participants can play Original games and Slots, bet on Sports, and open Lootboxes to get Wager points.

Earn Quests: Participants can join Crypto Staking and take Crypto Loans. Collect Earn points for subscribing to Flexible, Fixed-Term, Boosted Fixed-Term Staking and paying interest for borrowing.

Trading Quests: Participants can trade Futures and swap crypto to receive Trading points.

Social Quests: complete different tasks on BetFury social networks to obtain Social points.

Cryptodrop Wheels – Win Up to 1 Million BFG

Collecting points allows participants to spin different Cryptodrop Wheels. The Social Wheel activates after collecting 9,000 Social and Referral points, while the BetFury Wheel activates after collecting 3,000 Wager, Earn, or Trading points. These Wheels offer additional points and real currency rewards up to 100,000 BFG. The Social Wheel is for one-time use, whereas the BetFury Wheel can be spun unlimited times, with the tenth spin being a Super Spin that increases all rewards and offers a main prize of up to 1,000,000 BFG.

Referral Program

The Cryptodrop event includes a Referral Program where participants can earn rewards based on their referrals’ activities:

1,000 Referral points for each invited friend;

3% of crypto earned by user’s referrals in the BFG Farm;

15% for all points received by user’s referrals.

Referrals also receive 1,000 Referral points when joining through a referral link, making the program beneficial for both parties.

Conclusion

BetFury Cryptodrop is a significant crypto event combining unique reward mechanisms and opportunities for both beginners and experienced users. By participating and accumulating points, users have the chance to share in the $20,000,000 prize pool.

About BetFury

BetFury is a well-established ecosystem offering the chance to various crypto-earning features. With over five years in the market, the platform has achieved:

Over 2.3М of the global community worldwide;

$7.6В total wager and $48.9M bonuses paid;

More than $122.5M of staking payouts.

BetFury offers a fast crypto swap with low fees, trading Futures with a unique FuryWaves randomizer tool, and NFT Lootboxes. Participants can access all these features directly on the BetFury website or via its Telegram Bot for faster platform access and a chance to earn rewards

BetFury is the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to invest.

Contact

Alisia PrestonBetFurypr@betfury.io

The post BetFury Announces $20 Million Cryptodrop Event appeared first on CoinChapter.

LightCycle is set to launch the new RadianceMiles points system on June 5. As an eagerly anticipated Web3 project, LightCycle aims to provide users with the best digital fashion and entertainment experiences. The introduction of the RadianceMiles points system will further enhance user participation and engagement while offering lucrative rewards to community members.

About LightCycle

LightCycle is an innovative Web3 project developed by a team of over a hundred members. With nearly $3 million invested in product development over the past three years, we have utilized Unreal Engine 5 (UE5) and edge rendering technology to bring the digital fashion and entertainment world into the metaverse. Since its inception, we have built a strong global community, attracting over one million active users. Our platform is a digital fashion hub and a social and creative space where creators and users interact to create unique digital experiences.

Collaboration with Top Brands and Celebrities

To enhance brand influence and user experience, LightCycle has collaborated with top brands and celebrities, including Diesel, Jägermeister, and AI singer Desdemona. The renowned ape NFT HAPE will also develop HAPE 2.0 on our platform. These partnerships boost market visibility and provide users with diverse digital experiences.

Strategic Investments and Market Recognition

We are honoured to receive strategic investments from Bybit, HashKey Capital, and Web3port Foundation. These investments provide strong financial support and demonstrate our leading position in the Web3 field, helping us expand platform functionality and enhance user experience.

Introduction to the RadianceMiles Points System

RadianceMiles is designed to reward active community users. By participating in activities, completing daily tasks, and community challenges, users can accumulate points. These points can be used to redeem exclusive content and participate in future airdrops and rewards.

Diverse Task System

RadianceMiles offers various tasks to meet different user needs. Daily tasks such as check-ins and retweets ensure continuous participation, while fixed tasks like following on Twitter are completed once. Through these tasks, users can accumulate points and enhance their rewards.

Unique Invitation Mechanism

LightCycle have a unique invitation mechanism to encourage users to invite friends to join the LightCycle community. When user A invites user B, A can receive 20% of B’s points after B completes tasks; when B invites user C, B receives 20% of C’s points, and A gets 10% of C’s points. This system enhances social interaction and community expansion.

Point Bonuses and Exclusive Benefits

LightCycle offer a 1.1x points bonus for users with LightCycle OG NFTs. These NFTs have been popular, and many users actively trade them on the Element exchange. OG NFT holders earn more points and enjoy exclusive benefits, like priority participation in future airdrops and reward programmes.

Future Prospects of RadianceMiles

The launch of RadianceMiles is a milestone for LightCycle and a major innovation in the Web3 ecosystem. This system incentivizes participation, enhances community activity, and lays a foundation for future development.

LightCycle plan to continue optimizing the RadianceMiles system, introducing more engaging tasks and reward mechanisms. We will also explore more collaborations with brands and celebrities to enrich our platform content and bring more value to users.

Join Radiance Miles: https://radiancemiles.lightcycle.city

Website：https://lightcycle.city/

Twitter：https://twitter.com/lightcycle_city

Discord：https://discord.com/invite/pdtsD2wMx5

Telegram：https://t.me/LightCycle_City

Contact:

Leslie

leslie@lightcycle.city

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

The post A Million Tokens Up for Grabs: Join LightCycle’s RadianceMiles Airdrop appeared first on CoinChapter.

ValueZone, a premier cryptocurrency trading platform, reports a significant upturn in Bitcoin (BTC) trading, with prices soaring by 3% to surpass the $71,000 mark. This surge is linked to investor optimism following expectations of a Federal Reserve interest rate cut this coming September, attributed to recent indicators of a weakening U.S. labor market.

Bitcoin’s Performance on ValueZone:

Over the past 24 hours, Bitcoin has shown a robust recovery on the ValueZone platform, reaching heights not seen in several months. This rise in Bitcoin’s value comes as data reveals a substantial drop in U.S. job openings, falling to the lowest level seen in over three years — a clear sign of a softening labor market. These economic conditions have fueled speculations that the Federal Reserve may be prompted to cut interest rates in an effort to bolster economic growth.

Investor Sentiment and Market Dynamics:

“The latest data pointing to a cooling labor market has notably shifted market dynamics and investor sentiment, propelling significant trading activity around Bitcoin on our platform,” said Adam Carl Waldman, CEO of ValueZone. “Our traders are actively leveraging our advanced tools and insights to make the most of the evolving economic landscape.”

Enhanced Trading Features on ValueZone:

In response to the heightened trading activity, ValueZone has rolled out enhanced features designed to empower traders to respond swiftly to market changes. These include real-time analytics, more refined trading algorithms, and improved security measures to ensure that all trading activities are conducted securely and efficiently.

Educational Initiatives to Support Traders:

Understanding the complexities of how macroeconomic factors affect cryptocurrency prices, ValueZone has also intensified its educational programs. “We are committed to providing our users with comprehensive educational resources that help demystify market trends and economic indicators impacting cryptocurrency values,” added Waldman.

Future Outlook and Strategic Positioning:

Looking ahead, ValueZone remains optimistic about the cryptocurrency market’s potential, especially with looming economic changes that could influence central bank policies globally. The platform continues to enhance its capabilities to support traders in capitalizing on these developments, ensuring that ValueZone members have the best tools and knowledge at their disposal.

Global Financial Shifts: 

As Bitcoin continues its upward trajectory amid these economic cues, ValueZone is poised to remain a critical player for traders aiming to optimize their strategies in response to global financial shifts. This crypto trading platform’s robust system, combined with its commitment to trader education and security, positions ValueZone as the ideal choice for both seasoned investors and new entrants in the cryptocurrency market.

For more information about how to get started with ValueZone and make the most of the crypto summer, visit https://valuezone.ai or use media contacts.

Media Contact DetailsContact Name: Siodina EdgarContact Email: siodinaedgar@valuezone.aiCompany Name: Wealth Investment Blockchain Company Ltd.City/Country: Essex, United KingdomWebsite: https://valuezone.ai

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

The post ValueZone Highlights Bitcoin’s Surge to $71,000 Amidst Expected Federal Rate Cut appeared first on CoinChapter.

As the European cryptocurrency sector reports a dramatic 94% growth, capturing 1.6 million new users in the first quarter of 2024, OkayCoin, a leading cryptocurrency staking platform, is strategically expanding its services to meet the burgeoning demand. Under the guidance of CEO William Miller, OkayCoin is positioning itself as a key player in Europe’s vibrant crypto market, providing secure and innovative staking solutions to a rapidly expanding user base.

The remarkable surge in cryptocurrency interest in Europe, as detailed in a recent study by SplitMetrics, reflects a broader recovery in the global crypto market. The study, which utilized data from App Radar by SplitMetrics, highlights that after a challenging 2023, cryptocurrency staking and trading apps in Europe have not only rebounded but are also on track to surpass the high engagement levels seen in 2022. This resurgence is evidenced by the 1.6 million crypto trading app downloads in the first quarter of 2024 alone, compared to just 814,000 in the same period of 2023.

OkayCoin’s CEO, William Miller, commented on this trend, “The current upswing in the European crypto market is not just a rebound, but a signal of the maturing market ready for sophisticated investment tools like staking. At OkayCoin, we are enhancing our platform to cater specifically to this new wave of savvy investors looking for reliable and profitable crypto engagements.”

In addition to its strategic expansion, OkayCoin offers a comprehensive range of staking packages designed for investors at all levels, from beginners to seasoned veterans. These packages are carefully structured to provide a variety of staking durations and potential rewards, ensuring there is an option to suit every investor’s goals:

Free Trial Liquid Staking: For just USD 100, newcomers can explore staking with a 1-day term, earning a total and daily reward of USD 2.00.

Ethereum Liquid Staking: At USD 300, this 1-day staking option offers a daily reward of USD 6.00.

Polygon Liquid Staking: This 3-day option for USD 800 yields USD 8.00 daily, totaling USD 24.00.

TRON Liquid Staking: With a 7-day period and USD 1,200 investment, this plan offers daily rewards of USD 12.00, with total rewards reaching USD 84.00.

Polkadot Liquid Staking: Demanding a USD 3,000 investment for 7 days, it delivers USD 33.00 daily, totaling USD 231.00.

Celestia Liquid Staking: This 14-day plan offers USD 72.00 daily, accumulating to USD 1,008.00.

Aptos Liquid Staking: Over 15 days, with a USD 10,000 stake, participants earn USD 140.00 daily, summing up to USD 2,100.00.

Sui Liquid Staking: For a 15-day period with USD 20,000 invested, it provides daily rewards of USD 280.00, totaling USD 4,200.00.

Avalanche Liquid Staking: Requires a USD 35,000 investment for 20 days, offering daily rewards of USD 525.00 and total rewards of USD 10,500.00.

Cardano Liquid Staking: This 30-day plan involves a USD 56,000 investment, yielding daily rewards of USD 896.00, totaling USD 26,880.00.

Solana Liquid Staking: Also lasting 30 days but with a USD 78,000 investment, it offers USD 1,404.00 daily, summing up to USD 42,120.00.

Ethereum Liquid Staking Pro: The top-tier option, priced at USD 100,000 for 45 days, provides the highest daily rewards of USD 2,000.00, totaling USD 90,000.00.

Each plan ensures the return of the principal post-staking, allowing investors to reclaim their initial capital along with their earned rewards. This structured approach guarantees that participants can engage confidently, supported by OkayCoin’s commitment to security, simplicity, and transparency.

About OkayCoin: OkayCoin is a premier technology firm specializing in blockchain and cryptocurrency solutions. Renowned for its robust, scalable, and user-friendly platforms, OkayCoin continues to lead the industry in innovation and service, providing top-tier staking opportunities to global investors.

For more information about how to get started with OkayCoin and make the most of the crypto summer, visit https://okaycoin.comi or use media contacts.

Media Contact DetailsContact Name: William MillerContact Email: william@okaycoin.com Company Add: 525 Flower St, Los Angeles, CA 90071 USACity/Country: Los Angeles, USAWebsite: https://okaycoin.com 

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

The post OkayCoin Capitalizes on European Market Surge as Crypto Sector Grows by 94% appeared first on CoinChapter.

Coinbound, a leading Web3 marketing agency, is pleased to announce the appointment of Alyssa Michaud to Director of Accounts. Alyssa has been with Coinbound for one year and has quickly risen from Account Manager to the highest role in Account Management.

Before joining Coinbound, Alyssa served as an Account Executive at Gartner, where she honed her skills in client management and strategic planning. Since joining Coinbound, Alyssa’s exceptional performance and dedication have significantly impacted the organization.

Coinbound CEO, Ty Smith expressed his enthusiasm for Alyssa’s promotion: “This promotion is extremely well deserved. In the short time Alyssa has been with Coinbound, her positive impact on the organization has been significant and widespread. Clients love working with Alyssa and we’re excited to have her in a position to make even more impact on our operations.”

In her new role as Director of Accounts, Alyssa will oversee the Account Management team and ensure the highest level of service for Coinbound’s clients. Her leadership and expertise will drive the agency’s continued growth and success.

Alyssa Michaud’s promotion reflects Coinbound’s commitment to recognizing and nurturing talent within the organization. The Coinbound team looks forward to the new heights the agency will reach under Alyssa’s guidance.

About Coinbound

Coinbound is a premier Web3 marketing agency that provides solutions for blockchain and Web3 companies. Coinbound has represented over 800 Web3 clients, including Sui, Immutable, Gala, and Tron. Coinbound offers various growth services, including influencer marketing, branding, social media management, and content creation, to help clients achieve their marketing goals in the Web3 space.

For more information, visit coinbound.io

For more information, please contact:

Elizabeth Whiting

Director, Earned MediaCoinboundliz@coinbound.iocoinbound.io

The post Coinbound Appoints Alyssa Michaud to Director of Accounts appeared first on CoinChapter.

Bitcoin (BTC) has gained bullish momentum, surpassing the $69,000 mark on Monday after a bearish weekend. BTC is up 1.3% in the past 24 hours, trading at $69,080 at the time of writing while BlockDAG Network just released its second reveal-all video while its presale soars to reach over $40 million raised and analysts agree that it is just the start for the new technology that is being branded as a “global crypto sensation.” 

Bitcoin: Bullish Momentum and Peter Brandt Predictions

Bitcoin (BTC) has gained significant bullish momentum, surpassing the $69,000 mark on Monday after a bearish weekend. BTC is up 1.3% in the past 24 hours, trading at $69,080 at the time of writing. Its market cap has exceeded $1.35 trillion with a daily trading volume of $22.7 billion. This surge follows substantial investments in the Bitcoin ecosystem, including a $70 million raise by Paradigm for the Bitcoin staking protocol Babylon. Tether also invested up to $150 million in Bitdeer shares, further boosting Bitcoin’s bullish trend.

Prominent trader Peter Brandt has predicted that Bitcoin’s price could potentially reach $150,000 during this market cycle, noting that the highs of Bitcoin’s previous two cycles align well with an inverted parabolic curve. However, Brandt has also cautioned that his method of analysis is not foolproof, advising traders to exercise caution. He added that there is a 25% probability that Bitcoin has already reached the apex of this cycle and suggested raising the probability of an “Exponential Decay” if Bitcoin fails to achieve a new all-time high and declines below $55,000.

At press time, Bitcoin is trading at $69,000, down slightly by 0.2% over the past 24 hours and more than 6% from its current all-time high of $73,737. According to cryptocurrency trader Jake Wujastyk, Bitcoin’s current price action resembles early 2017, indicating potential for further upside. Permabull Tom Lee and other major names in crypto analysys have also stated that Bitcoin’s price could potentially surge to as high as $150,000 this year and surpass $250,000 by 2025.

BlockDAG Network: A Global Crypto Sensation

BlockDAG Network has made headlines with the release of its second reveal-all keynote video “from the moon,” which has already turned out to be a global success. Analysts and crypto influencers on social media platforms like Twitter and YouTube are branding BlockDAG Network as a “global crypto sensation.” The project’s presale has recently seen substantial whale investments, rapidly reaching over $40 million in record time for any cryptocurrency or digital asset project. This surge in funding reflects growing interest in BlockDAG Network as a new store of value and passive income generator similar to the original cryptocurrency, Bitcoin.

A major highlight for BlockDAG Network is the release of the X1 Miner app on Apple and Google stores. This app is a game-changer, enabling virtually anyone worldwide to generate extra passive income through crypto and BDAG mining from anywhere in the world. 

The official social media channels of BlockDAG Network are buzzing with hundreds of thousands of followers and daily global engagement, further cementing its status as a global crypto sensation. The momentum behind BlockDAG Network indicates that the $40 million raised is just the beginning of what promises to be a revolutionary force in the digital finance market.

In conclusion, the cryptocurrency market is experiencing significant developments, with Bitcoin’s bullish momentum propelling it past the $69,000 mark and BlockDAG Network emerging as a global sensation with its over $40 million presale success. 

As Bitcoin continues to attract large investments and promising predictions from major analysts, BlockDAG Network is making waves with its innovative X1 Miner app and growing social media presence. These advancements highlight the dynamic nature of the cryptocurrency market and the potential for substantial future growth in the digital assets class.

Read About BlockDAG Presale:

Website: https://blockdag.network

Presale: https://purchase.blockdag.network

Telegram:https://t.me/blockDAGnetworkOfficial

Discord: https://discord.gg/Q7BxghMVyu

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

The post Large Whale Buy-Ins Detected in Bitcoin and BlockDAG Network; Analysts: “$40 Million is Just the Start, this is a Global Crypto Sensation” appeared first on CoinChapter.

Recently, Hickcoin Exchange announced the signing of strategic partnership agreements with several top-tier financial institutions, marking a significant step forward in its global market expansion strategy. As a leading cryptocurrency trading platform, Hickcoin is renowned for its advanced technology, exceptional security, and efficient trading systems. This collaboration is expected to further enhance its influence and competitiveness in the global financial market.

 

Founded in 2017, Hickcoin Exchange has rapidly gained a substantial user base worldwide through its unique innovative technology and stringent security measures. The platform offers a variety of cryptocurrency trading services, including spot trading, leveraged trading, and futures trading, catering to the diverse needs of investors. Hickcoin’s commitment to providing a secure, stable, and efficient trading environment has been a key factor in its swift rise.

 

The strategic partnership with leading financial institutions will bring several significant advantages to Hickcoin. First, the collaboration will improve Hickcoin’s liquidity and market depth, enabling it to offer more competitive trading conditions and attract more high-net-worth clients and institutional investors. Second, the resources and technical support from its partners will help Hickcoin further optimize its trading systems, enhancing user experience and trading efficiency. Additionally, these partnerships will enable Hickcoin to better comply with financial regulations worldwide, increasing the platform’s legitimacy and compliance.

 

The partnership includes some globally renowned banks and investment firms, known for their extensive experience and strong capabilities in the financial market. These institutions will provide robust support to Hickcoin. The collaboration will cover multiple areas, including fund clearing, risk management, and market promotion. Through resource sharing and complementary advantages, Hickcoin will be able to achieve its global market expansion strategy more rapidly.

 

This collaboration is not only significant for Hickcoin but also has a positive impact on the entire cryptocurrency market. As traditional financial institutions increasingly collaborate with cryptocurrency platforms, the legitimacy and market acceptance of digital assets will further improve. This will attract more traditional investors to the cryptocurrency market, fostering healthy industry growth.

Looking ahead, Hickcoin Exchange will continue to advance its global market expansion strategy, deepen cooperation with major financial institutions, and further enhance its platform’s competitiveness and influence. The company plans to expand its services to more countries and regions over the next two years, continuously introducing innovative financial products and services to meet the diverse needs of global users. Hickcoin believes that through relentless effort and continuous innovation, it will create more value for its users and contribute to the development of the global digital economy.

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

The post Hickcoin Exchange Partners with Leading Financial Institutions to Accelerate Global Market Expansion appeared first on CoinChapter.

Key Takeaways:

Ethereum is holding gains above the $3,700 support zone.

ETH/USD cleared a short-term contracting triangle with resistance at $3,800 on the daily chart.

The price could gain bullish momentum once it clears the $4,000 resistance zone.

Ethereum price

NEW DELHI (CoinChapter.com) — Ethereum (ETH) is again moving higher above $3,800. ETH might surge over 10% if it settles above the $3,950 and $4,000 levels.

Ethereum Price Eyes More Upsides

After a strong rally after the ETH ETF approval, the bears defended more upsides above the $4,000 resistance. Ethereum saw a minor pullback from the $3,975 zone like Bitcoin. The price dipped below the $3,920 and $3,880 levels.

ETH tested the 23.6% Fib retracement level of the upward move from the $2,870 swing low to the $3,975 high. However, the bulls were active above the $3,700 zone and the price remained well above the 50-day simple moving average (blue).

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

Recently, Ethereum started another increase from the $3,700 zone. There was a move above the $3,780 and $3,800 resistance levels. Besides, it cleared a short-term contracting triangle with resistance at $3,800 on the daily chart.

These are positive signs and suggest a high chance of more upsides. On the upside, immediate resistance is near the $3,900 level. The first major resistance is near the $3,950 level.

The main resistance could be $4,000. A clear move above the $4,000 resistance could spark another increase. In the stated case, the price might recover and test the $4,080 resistance. The next major resistance is visible near the $4,250 level.

A successful daily close above the $4,250 resistance could send Ether toward $4,400. Any more gains might initiate a move toward the $5,000 zone in the near term.

Another Downside Correction In ETH?

Conversely, Ethereum might start another downside correction. The first major support sits near the $3,700 level. If there is a downside break below the $3,700 support zone, there is a risk of a larger pullback. In the stated case, the price might test the $3,550 level.

The next major support is near the 50% Fib retracement level of the upward move from the $2,870 swing low to the $3,975 high at $3,420. A downside break and a daily close below $3,420 might call for a test of the $3,300 support and the 50-day simple moving average (blue).

Overall, Ethereum price is holding gains above $3,720 and $3,700. If ETH clears the $4,000 resistance, there could be a fresh surge in the near term.

The post Ethereum Price Signals Fresh Rally: Bulls Getting Ready for a Big Upswing! appeared first on CoinChapter.

With the Dogeverse launch coming up. BlockDAG has captured the spotlight with the launch of its second Moon Keynote and the eagerly awaited beta release of the X1 Miner App, now accessible on both Apple and Google Play stores. This surge in interest is reflected by an impressive presale, gathering over $42.2 million and moving more than 10.8 billion BDAG coins.

The initial development phase of the X1 Miner app wrapped up recently, having covered Wireframe and UI Design, User Onboarding, and Presale functionality, marking key advancements in the app’s journey. 

The Launch Of X1 Miner 

The X1 Miner app is now officially out for grabs in its beta form as stated in its Keynote 2 launched recently, offering early adopters a sneak peek at its potential. Even though this is just a slice of what’s to come, as BlockDAG plans to add more features like the Wallet, Send/Receive modules, and the Leaderboard and Community Section before the full mainnet launch after the presale. 

Currently, the app provides a robust glimpse into BlockDAG’s efforts, with features that allow users to invite friends and amplify their earnings prior to the mainnet launch.

Users are invited to download the app immediately to stay ahead in the game. Keep an eye out for further updates as BlockDAG effortlessly integrates proof of engagement into everyday device use, enabling you to mine up to 20 BDAG coins anywhere, anytime. 

Evaluating the Risks with Dogeverse Exchange Listings

While meme coins like Dogeverse have often drawn significant attention in the market, they come with inherent risks that shouldn’t be overlooked. Following its presale conclusion on June 3rd, Dogeverse is poised for its upcoming exchange listings. Despite pulling in a $15 million presale haul and analysts’ optimism, the excitement around new meme coins often masks significant financial risks.

The enthusiasm for Dogeverse exchange listings may seem warranted given its novel multi-chain strategy across major blockchains like Ethereum, Solana, and Binance Smart Chain. Nonetheless, this might complicate its market presence, potentially leading to challenges with liquidity and price stability.

Despite promising a 44% APY for staking, the rush to stake might lead to an inflated valuation before the Dogeverse exchange listings, which could result in sharp price fluctuations post-listing.

As the listing date draws near, investors should brace for a potential rapid correction that often follows the initial excitement, a common trend among meme-driven assets. This cautious stance is particularly advisable for anyone investing in the early phases of a coin like Dogeverse. 

BlockDAG Presale Nears Sellout as Mainnet Launch Looms

BlockDAG is on a roll with its presale efforts, raking in a solid $500,000 daily, a number expected to surge to $5 million daily as excitement mounts. Now in its 17th batch, priced at $0.011, the presale is swiftly approaching the seventeenth batch, tagged at $0.012. With only four months left until the mainnet launch, BlockDAG represents an ideal investment chance, boasting a potential 30,000x ROI for early backers.

Adding to the thrill, BlockDAG has recently forged an exclusive partnership with Plus Wallet for its impending launch. This collaboration adds significant weight to BlockDAG’s innovative approach to blockchain.

BlockDAG Attracts Dogeverse Investors

As BlockDAG unfolds its strategic roadmap, its potential and stability shine through amidst the speculative ebbs and flows that often define the sector. With its eye-catching 30,000x ROI and the strategic alliance with Plus Wallet, BlockDAG is currently leading the wave, eclipsing Dogeverse exchange listings and actively steering the future of blockchain technology, earning $42.2 million in presale. 

Investors and crypto enthusiasts should keep a close watch on BlockDAG as it continues to break new ground and redefine the possibilities within the blockchain landscape.

Invest in the BlockDAG Presale Now:Website: https://blockdag.networkPresale: https://purchase.blockdag.networkTelegram: https://t.me/blockDAGnetworkOfficialDiscord: https://discord.gg/Q7BxghMVyu 

The post BlockDAG’s Keynote 2 Launch: $42.2M Presale Fuels Crypto Supercycle, Outshining Upcoming Dogeverse Listings appeared first on CoinChapter.

BNB’s Surge Sets Stage for 773 Target

NAIROBI (CoinChapter.com) – Binance Coin (BNB), the native cryptocurrency of the Binance exchange, surged past $700 on June 5th, 2024, marking a new all-time high. This breakout from a symmetrical triangle pattern, coupled with strong momentum indicators, suggests further upside potential. Technical analysis points to a possible target of $773, driven by increased trading volume and market sentiment.

BNB/USD 1-day price analysis. Source: CoinGecko

Today, June 6th, BNB’s price has continued its upward trajectory, reaching $706.5, marking an 8.41% increase in just a single day. This surge is further supported by a remarkable 50.50% increase in trading volume over the past 24 hours, reaching a staggering $4.05 billion.

BNB’s Ascending Triangle Breakout Targets $773

Since March, BNB has formed an ascending triangle with a flat upper trendline around the $650 resistance level. This pattern typically signals accumulation. On June 5th, 2024, BNB broke above this level, confirming the pattern and suggesting further gains.

BNB’s price consolidation began in March, forming a symmetrical triangle, which often predicts a strong price move. The breakout above $700 confirmed the bullish trend. Increased trading volumes and positive market sentiment further supported this surge.

BNB/USD 1-day pric e chart. Source: TradingView

The technical indicators further reinforce the bullish outlook for BNB. The Relative Strength Index (RSI), a momentum oscillator, currently sits in overbought territory, indicating strong buying pressure. Additionally, the moving averages, such as the 50-day and 200-day exponential moving averages (EMAs), are trending upwards, supporting the bullish narrative.

The Moving Average Convergence Divergence (MACD) indicator also supports BNB’s bullish case. The MACD line has crossed above the red signal line, accompanied by tall green histograms. This crossover is a classic buy signal, indicating that short-term momentum is outpacing longer-term trends. The histogram’s height reflects the strength of this bullish push.

Using Fibonacci extensions from BNB’s recent swing low to high, the 1.618 extension targets $773.4. This aligns with the ascending triangle’s breakout target. Interim targets include $739.6 (1.236 Fib level) and $702 (1.0 Fib level). BNB’s ability to hold above $702 strengthens the case for a push toward $773.4.

Strong On-Chain Activity and Market Metrics

Recent data from BNB’s blockchain highlights significant activity supporting the price surge. On June 2, 2024, DEX trading volumes reached $416.7 million, with 3.3 million daily transactions. The number of daily active addresses stood at 966.6K, indicating strong user engagement. At that time, BNB’s price was $602.9.

BNB On-Chain Activity surge. Source: Messari

These metrics reflect BNB’s robust on-chain activity and growing user base. High trading volumes and active addresses indicate healthy network activity, often correlating with positive price movements. The 24-hour real volume was $853 million, and the market cap stood at $90.96 billion, with a fully diluted market cap of $94.82 billion.

Moreover, data from early June shows a daily transaction volume of 3.9 million, with daily active addresses reaching 1.2 million. This level of activity highlights the strong interest and engagement within the BNB ecosystem.

The post BNB’s Surge Sets Stage for $773 Target appeared first on CoinChapter.

Buy and Sell Pi Coin In India for the Lowest Price

Discover how to buy and sell Pi coin in India for a lower cost. Pi coin is one of the first cryptocurrencies that can be mined from your smartphone. Learn about the Pi Network, its features, and the step-by-step process to acquire and trade Pi coins at a lower cost.

What is Pi Coin?

Pi coin is a digital currency that can be mined directly from your smartphone, eliminating the need for expensive hardware and GPUs. Launched in 2018, Pi coin operates on the Pi Network, a decentralized platform managed by a social community rather than a government. This advanced technology has disrupted the traditional cryptocurrency mining method, making it accessible to anyone with a mobile device.

Source: X Key Features of the Pi Network

Pi Network boasts several unique features explained as follows:

Mobile Mining

One of the standout features of the Pi Network is its ability to allow users to mine Pi coins directly from their mobile devices. This technology makes cryptocurrency mining accessible to anyone with a smartphone, democratizing the process and reducing barriers to entry. With just a few taps on the Pi Network app, users can participate in mining and earn Pi coins.

Unique Ecosystem

The Pi Network has a unique ecosystem that enables non-GPU users to participate in mining through their smartphones. This ecosystem is powered by an array of technologies operated by various social communities. Traditional cryptocurrencies require expensive mining rigs and specialized hardware, whereas the Pi Network’s ecosystem enables mining with just a mobile device.

Strong Referral System

The Pi Network runs a referral system that encourages users to invite others to join the network. By referring new users, existing participants can earn additional Pi coins. This system creates a self-sustaining growth model, not only encouraging user engagement but also facilitating the expansion of the Pi Network’s user base.

How to Buy Pi Coin in India at a Lower Price

Currently, no one can purchase Pi coins directly from any exchange as they are not listed yet. However, users in India can mine Pi coins through the Pi Network mobile app and earn them over time. After mainnet launch, Pi coin will serve as digital legal tender which you can use to buy goods and services.

Source: X

Here’s how you can buy Pi coin in India:

Related post: Pi Network Mainnet Launch Related News Propels PI Coin Price Higher

Step 1: Download the Pi Network App

The first step to earning a Pi coin is downloading the Pi Network app from the iOS App Store or Google Play Store for Android devices. The app is free to download and install.

Step 2: Sign Up and Start Mining

Once the app is installed, create an account on the app by providing the necessary personal information and creating a secure password. After completing the registration process, you can start mining Pi coins by tapping the “lightning” button every 24 hours. The mining process is simple and can be done with just a few clicks.

The more consistent you are with mining, the more Pi coins you can accumulate. The Pi Network encourages users to maintain a regular mining routine by implementing a 24-hour countdown timer. Once the timer expires, users must tap the button again to continue mining and earning Pi coins.

Step 3: Refer Friends and Earn More

If you want to maximize your earnings, you can use the network’s referral system. It asks you to invite friends and family to join the network and rewards you with more Pi coins. The more people you refer, the higher your potential Pi coin earnings.

You can refer people to the Pi Network app by sharing your unique referral code with others. When your friends and family download the app and use your referral code during the sign-up process, you will receive the referral bonus.

How to Sell Pi Coin in India 

Currently, Pi coins cannot be sold or exchanged for other cryptocurrencies or fiat currencies as the Pi Network is still in its testing phase. However, once the mainnet is launched (expected in Phase 3), users can withdraw and trade their Pi coins. Here’s how you can sell your Pi coin in India:

Related Post: Pi Network Mainnet Launch Delays Cast Doubt on Pi Coin’s Intrinsic Value

Step 1: Choose a Reputable Cryptocurrency Exchange

When Pi coins become available for trading, research and select a trusted cryptocurrency exchange that operates in India and offers low trading fees. Popular options include WazirX, CoinDCX, and BuyUcoin. These exchanges are well-established in the Indian market and provide a secure platform for trading cryptocurrencies.

When evaluating exchanges, consider factors such as trading fees, liquidity, user interface, and customer support. Lower trading fees will allow you to maximize your profits when selling Pi coins. Also, a user-friendly interface and responsive customer support can enhance your overall trading experience.

Step 2: Set Up a Trading Account

Once you’ve chosen your preferred exchange, create an account by providing the necessary personal and financial information. Complete the KYC (Know Your Customer) verification process, which typically involves submitting identification documents and proof of address. Additionally, enable two-factor authentication for enhanced security and to protect your account from unauthorized access.

Step 3: Transfer Pi Coins to Exchange Wallet

Once trading is enabled for Pi coins, transfer your Pi coins from the Pi Network wallet to your exchange wallet. The exchange will provide you with the necessary deposit address and instructions for the transfer process. Ensure that you follow the instructions carefully to avoid any potential issues or delays.

Step 4: Place a Sell Order

After your Pi coins are in your exchange wallet, navigate to the trading interface and place a sell order for Pi coins at your desired price. Monitor the order book and market conditions to ensure you sell at a favorable rate. Moreover, you can choose to sell your Pi coins through a market order, which executes immediately at the current market price. Or you can place a limit order which allows you to set a specific price at which you’re willing to sell.

Additionally, to maximize profits, consider placing limit orders slightly below the current market price. This strategy can help you attract buyers looking for discounted prices. This way, you will be able to sell your Pi coin quickly which will ultimately make your overall costs lower.

Step 5: Withdraw Proceeds to Bank Account

Upon successfully selling your Pi coins, you can withdraw the proceeds to your linked Indian bank account or e-wallet. Many Indian cryptocurrency exchanges offer direct bank transfer options where you receive your funds directly into your bank account.

Moreover, when withdrawing proceeds, be mindful of the exchange’s withdrawal fees and any potential bank transfer charges. Compare the fees across different exchanges and choose the option that offers the lowest fees. This way, your overall cost becomes lower and you can maximize your profits from selling Pi coins.

As mentioned earlier, you can not directly buy or sell Pi coin on an exchange but users in India can readily mine and accumulate Pi coins through the Pi Network app. Notably, Since the Pi blockchain is still in its testing phase and has not yet announced a firm mainnet launch date, trading Pi coins is not possible at the moment. However, users can get choose to invest their time and effort and get started mining Pi coins now.

Related Post: Pi Coin Price Jumped from $0.7 to $47 – What the Heck?

The post Buy and Sell Pi Coin in India for a Lower Cost – A How-To Guide appeared first on CoinChapter.

Crypto analysts have predicted a possible surge for XRP as we approach the final Ripple v SEC case judgment. Meanwhile, a new DeFi token transforming decentralized investment could benefit from XRP’s rise. 

So, the main question is, what is this new DeFi token, and how impactful will it be in the DeFi sector? Find the details below!

Experts Say XRP’s Rise Is Imminent

XRP has been prevented from reaching a new ATH since 2018 because of the US Securities and Exchange Commission’s case against Ripple, which began in December 2020. The case has kept XRP below $1 for the last four years.

However, Ripple has claimed minor victories. One such victory was July 2023’s preliminary ruling by Judge Analisa Torres in favor of Ripple. Due to this development, XRP rose to $0.82 a few hours after the verdict. 

In the latest filing, a Redacted Remedies Reply Brief dated May 8, 2024, the regulator asked the court to “enter the Proposed Final Judgment as a Final Judgment.”

Analysts say XRP’s future pump rests on this final judgment. An unfavorable judgment might keep the token below $1 long. On the other hand, a favorable one will come just in time for the next bull cycle to push XRP beyond its previous ATH of $3.84.

RCO Finance Leads the DeFi Space With Cutting-Edge Trading Solutions

RCO Finance (RCOF) is a DeFi token changing the DeFi space. The project allows investors to invest directly in assets like shares, bonds, and real estate with cryptocurrency.

Therefore, investors do not need to convert their cryptocurrency into fiat. Thus, they eliminate brokers, effectively democratizing access to traditional financial markets. 

One of RCO Finance’s offerings related to Ripple is its debit card. This card facilitates worldwide payments and transactions, just like Ripple does. That is exactly why experts believe a bullish prediction for XRP might trigger a massive surge for RCOF. 

Furthermore, this card provides seamless access to decentralized applications (dApps), decentralized exchanges (DEXs), and lending platforms. It also allows this same compatibility with traditional banking services. 

The card and the DeFi platform are secured with enhanced security features such as multi-factor authentication, biometric verification, and non-custodial control over funds. Finally, cardholders get incentives like cashback rewards, token rewards, and staking bonuses.

In addition to the above, RCO Finance has an AI-powered robo advisor that uses advanced algorithms and machine learning techniques. Traders can use the AI robo advisor to analyze market trends and identify investment opportunities. 

The crypto AI robo advisor can also execute trades on their behalf, ensuring traders take advantage of profitable trades. 

RCO Finance also offers automated market making (AMM) and liquidity pools. In AMM, algorithms automatically adjust digital asset prices based on supply and demand. Investors can also provide liquidity by staking their assets or putting them in liquidity pools.

How to Get the Most Out of RCOF’s Coming Price Boom?

RCOF is RCO Finance’s native token. It is used for transactions and rewards within the project. Purchasing RCOF is the key to accessing this incredible DeFi ecosystem. 

The token is currently valued at $0.0127 in Stage 1 of the presale. Investors who buy now will make a 169% profit when RCOF enters Stage 2. They will also see their initial investments gain 3,000% when RCOF officially launches on crypto exchanges. These massive gains make RCOF the most lucrative presale token.

Moreover, depending on the number of tokens held, long-term holders will earn dividends on their tokens. In short, RCO Finance is a goldmine waiting to be explored!

For more information about the RCO Finance Presale:Visit RCO Finance PresaleJoin The RCO Finance Community

The post Ripple (XRP) Bullish Prediction Could Trigger 1,000% Gain For This DeFi Token appeared first on CoinChapter.

Breaking news in the crypto industry headlines a renowned crypto trader and billionaire who took some time off from trading to resurface with $ 5 billion in profits from his early investments in Shiba Inu (SHIB). 

The crypto billionaire who doubles as an expert trader is seen to make a smart investment move as he rotates a significant portion of his net worth into ETFSwap (ETFS) groundbreaking ICO presale, which top analysts have projected to melt faces with a 45,000% price rally.

ETFSwap (ETFS) To Hit $2 Billion In Market Capitalization As Crypto Billionaire Invests In ICO 

ETFSwap (ETFS), an Ethereum DeFi utility token in its ICO presale stage, is going bonkers, skyrocketing in its daily trading volumes as a popular crypto billionaire who made $5 billion from his early token buys of the Shiba Inu (SHIB) meme coin invests heavily into the ICO to scale up his billion-dollar crypto portfolio further. 

The ripple effects of the crypto billionaire investments into ETFSwap (ETFS) viral ICO presale is seen to cause a rapid influx of retail, big whales and institutional players who FOMO in, securing ETFS investment spots for life-changing gains stemming from a 45,000% rally prediction by top analysts in the coming months. 

ETFSwap (ETFS) viral ICO presale is programmed to become a massive success, with analysts forecasting the ETFS token to reach a whopping $2 billion in market capitalization upon its grand token launch and listing on top exchanges. ETFSwap’s (ETFS) recent fame in the crypto industry is observed to scale the growth of its world-class decentralized platform, which offers amazing DeFi solutions and utilities for building profitable traders and investors. 

On the ETFSwap (ETFS) DeFi platform, a rich list of tokenized ETFs and profitable cryptocurrencies are available to smart traders and investors to trade and leverage for maximum gains. Also, the native token of the DeFi utility platform is a utility-packed crypto that enables smart traders and investors to swap for other profitable cryptocurrencies and tokenized ETFs listed on the platform. 

Upon swapping ETFS for desired crypto and ETF investments listed on the DeFi platform, smart traders and investors enjoy up to 50x leverage to scale their investments up to 50,000% in returns. The wide range of available tokenized ETFs listed for trading on the ETFSwap (ETFS) DeFi platform includes Leveraged, market, commodity, and fixed-income ETFs, etc. Smart traders and investors are sure to profit from these highly sought-after tokenized ETFs as they cover top traditional sectors, including technology, energy, healthcare, and agriculture.

ETFSwap (ETFS) promotes an investor-friendly trading platform as it makes advanced DeFi tools available to scale multiple investments. The ETF Screener, ETF Tracker, Filter, and ETF Finder tools are widely utilized by smart ETF investors to scale tokenized ETF investment gains rapidly. The available DeFi tools enable smart ETF traders and investors to find the best tokenized ETFs in the markets. Also, with tools such as the ETF tracker, investors can monitor and track the profitability of different tokenized ETFs in their investment portfolios.

Smart investors and traders on the ETFSwap (ETFS) DeFi platform are exposed to certain zero-risk investment options, such as its asset staking feature, which enables every user to earn a passive income and rewards up to 87% in staking yield. Every smart investor and trader leveraging the ETFSwap (ETFS) unmatched DeFi platform for profitable investments is assured of a secure trading environment audited by top global security firm CyberScope.

 ETFSwap (ETFS) respects the privacy and anonymity of every trader and investor, allowing investors to leverage its platform without providing KYC documentation.

Shiba Inu (SHIB) Among Altcoins To Fall Behind ETFSwap (ETFS) Presale

Shiba Inu (SHIB), a popular meme coin in the crypto industry that created many crypto millionaires in the 2021 bull run, is notably observed to struggle in its token price growth. The recent Shiba Inu (SHIB) price struggle observed by the wider crypto community can be attributed to the ETFSwap (ETFS) rivalry and groundbreaking DeFi entry, which gained the loyalty of investors who made significant dollar investments in its ICO presale.

However, Shiba Inu (SHIB) still presents the capabilities of being a runner in the forthcoming crypto bull run, only falling behind ETFSwap (ETFS). At press time, Shiba Inu (SHIB) trades at $0.00002535 according to coinmarketcap trading data.

Conclusion On ETFSwap As Best Altcoin Investment Choice Over Shiba Inu

ETFSwap (ETFS) tops Shiba Inu (ETFS) in the rankings of altcoins with the highest profitability return potential. Billionaires and big whales in the crypto industry pitch tents and move over to ETFSwap (ETFS) to leverage its undervalued ICO presale for life-changing gains in the coming months.

For more information about the ETFS presale:Visit ETFSwap PresaleJoin The ETFSwap Community

The post Crypto Billionaire Who Made $5 Billion With Shiba Inu Returns To Crypto After Hiatus, Here’s Why appeared first on CoinChapter.

Singapore, Singapore, June 5th, 2024, Chainwire

Ambitious 2024 Roadmap Includes 8x Improved Throughput, zkAuth for Web2 ID, Major Grants

Moonbeam Network, a smart contract platform for building cross-chain connected applications, announced the ‘Moonrise’ initiative anchored by a 2024 Product Roadmap that includes the introduction of parallel processing to improve throughput by 8 times, upgrading ecosystem integration, improving the developer and user experience, and more. Moonrise signals the next phase in evolution for Moonbeam and canary network Moonriver, which is incorporating Axelar bridging technology.

More than two years since its mainnet launch in January 2022, Moonbeam is well-established as the leading solution for integrating networks such as Polkadot, Ethereum and the broader EVM ecosystems. The 2024 Roadmap demonstrates Moonbeam’s dedication to continually improving its cutting-edge performance and experience for developers and users.

The Moonrise initiative is reflected in a comprehensive rebrand of Moonbeam’s look, underscoring how Moonbeam is more than a chain. It’s a hub for developers, Web3 enthusiasts, interoperability supporters and more.

“We’re beyond excited to reveal Moonbeam’s new look in conjunction with our ambitious plans for 2024. This year we are implementing improvements, upgrades and announcements to all facets of the Moonbeam and Moonriver networks,” said Aaron Evans, Head of Operations at Moonbeam Foundation. “As our passionate community of supporters knows, Moonbeam is a modern blockchain with features for developers and users that are still just a dream for other networks that remain in testnet phase.”

A lynchpin of the 2024 Roadmap is enhancing the core protocol with the introduction of asynchronous backing, a form of parallel processing that will quadruple block space and halve block times to 6 seconds, resulting in an 8x increase in overall throughput for Moonbeam.

More improvements include ensuring compatibility and seamless interoperability with Ethereum’s gas-saving Dencun upgrade, substantial upgrades to the UX for Moonbeam Routed Liquidity, and improvements to governance mechanisms.

Other highlights include:

Ecosystem Integration: Glacis integration for reliable cross-chain transactions, Tanssi integration for appchain deployments, revitalized Moonriver with Axelar’s Amplifier program for bridging and a v3 AMM liquidity program.

Developer Tools: Governance tracks for dApps, support for EIP-4337 Account Abstraction, expanded tooling integration for ease of development, deployment, and debugging/monitoring.

User Experience: Zero Knowledge Initiative (zkAuth) for Web2 authentication, tokenomics incentive updates, and streamlined stablecoin flows.

The series of initiatives will begin rolling out immediately and will continue to be deployed through Q3 and Q4 of 2024, and into 2025.

To check out Moonbeam’s new website and follow the network’s upcoming developments, see: https://moonbeam.network.

About Moonbeam Network

Moonbeam is a smart contract platform for building cross-chain connected applications that can access users, assets, and services on any chain. By uniting functionality from Ethereum, Cosmos, Polkadot and more into a single platform, Moonbeam solves today’s fragmented user experience — unlocking true interoperability and paving the way for the next generation of applications. The Moonbeam platform uses integrated cross-chain messaging to allow developers to create smart contracts that access services across many remote blockchains. This approach, plus Moonbeam’s developer-friendly EVM platform, vast tool support, and modern Substrate architecture, creates the ideal development environment for building connected applications.

Social media links: 

Website | YouTube | GitHub | Telegram | Medium | X | Discord

Contact

Patrick BrendelSCRIB3patrick@scrib3.co

The post ‘Moonrise’ Initiative Signals Next Phase in Evolution for New-Look Moonbeam Network in Polkadot Ecosytem appeared first on CoinChapter.

Toncoin TON Read CoinChapter.com on Google News

NAIROBI (CoinChapter.com) — Toncoin (TON), the native token of the Telegram-based blockchain platform, is showcasing promising signs of a potential price surge in June, signaling a potential 50% upswing. Despite the ongoing market volatility, TON has formed an ascending triangle pattern, a bullish technical formation that suggests a breakout could be on the horizon.

TON/USD 1-day price chart. Source: CoinGecko

Toncoin (TON), currently trading at $7.44, has surged by 6.69% in the last 24 hours and reclaimed its position as the 9th largest cryptocurrency by market cap, surpassing Cardano (ADA). This remarkable achievement follows a staggering 228% year-to-date return, pushing its market capitalization to $18.26 billion.

Bullish Technical Indicators Point to $11.80 Target

A closer examination of Toncoin’s price chart reveals the formation of an ascending triangle pattern, a bullish technical formation that often precedes significant price rallies. Furthermore, the asset has been consolidating within the confines of this pattern, with the upper trendline acting as a resistance level around $9.00.

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

A glance at TradingView’s chart reveals Toncoin’s strong buy signals. The Exponential Moving Averages (EMAs) at 50, 200, and 20 periods stand at 6.194, 4.347, and 6.625, respectively, forming a bullish alignment. This setup, where shorter-term EMAs are above longer-term ones, typically indicates an upward trend.

Furthermore, the Moving Average Convergence Divergence (MACD) and momentum indicators corroborate this bullish outlook. The MACD, a trend-following tool, shows positive momentum, suggesting buyers are in control.

However, caution is advised. The Relative Strength Index (RSI) sits around 68, nearing the overbought zone (above 70). An RSI exceeding 70 might trigger a price reversal, as it suggests the asset may be overvalued in the short term.

If Toncoin manages to break out convincingly above the upper trendline of the ascending triangle, it could potentially catalyze a significant upward move. Analysts are speculating a potential price target of $11.80, representing an additional upside of over 50% from current levels.

Toncoin Bulls Flex Muscles as Whale Activity Surges

On-chain data further supports Toncoin’s bullish outlook. A tweet from @ali_charts reveals a 237.5% increase in large Toncoin transactions (over $100,000) within the past 24 hours. This surge in whale activity often precedes significant price movements.

Source: Ali charts

In the last day, there were 27 such transactions, matching the 7-day high. This suggests institutional investors and high-net-worth individuals are actively repositioning their TON holdings. Such strategic shifts typically reflect changing sentiments or anticipation of major events in the cryptocurrency’s ecosystem.

TON addresses in profits. Source: IntoTheBlock

Moreover, IntoTheBlock reports significant activity across the Toncoin blockchain, with 100% of addresses holding TON tokens currently in profit. This highlights the rapidly changing investor sentiment, swinging from caution to greed in days. Strategic shifts by institutional investors and high-net-worth individuals indicate confidence in Toncoin’s long-term prospects and potential for further upside.

In summary, these on-chain indicators, coupled with the universal profitability of TON holders, strongly suggest a bullish trend for TON. As investors watch closely, the TON ecosystem seems poised for significant price changes and developments.

The post Toncoin (TON) Set to Post 50% Gains in June — Understand How appeared first on CoinChapter.