The year 2022 – “I will invest now and forget my investments until 2030,” said the average Joe, but ended up checking his crypto portfolio 30 times a day. The 2030 dream didn’t last for 20 or 30 weeks before he sold his holdings in disappointment. The ”I will hold the long term” is just an excuse for “I wish I can be a millionaire this year”.At first glance, the cryptocurrency market seems to be all about glam. News about truck drivers making millions with a $1000 investment provides comfort that anyone can pull off a similar feat. Also, news about the average Joe ‘making generational wealth’ through cryptos, is what could have made you enter the market.Once you’re in the market, reality hits different. It makes you feel you’re just one among the other millions of people out there with the same pipe-dream.The thoughts about ‘why am I not making it, while the others are’ quickly creep in. This one thought is enough to bring you down mentally, and cause financial anxiety as the months’ pass.If you’re a cryptocurrency investor, there’s no way you can escape the- ‘charts, numbers, green, red, dips, bull run, bears’, among others.Accept it, being a crypto investor is stressful and can make you feel like a 50-year-old despite you being 25.The number game can drag you down and mentally block your ability to think about anything else. Happiness now solely gets tied to one single-goal post that is to make money in cryptos. The other things that made you feel happy in life previously take a beating.Crypto stress is sometimes too much to bear as it’s not satisfying your financial aspirations. Here are 3 tips on how to remain calm as a crypto investor and cut through the anxiety.1. Avoid telling your Friends you’ve Invested in CryptoIf you tell you’re friends you’ve invested in cryptos, the topic about it would pop up every time you meet them. This creates further pressure as you now have to explain how the coin is performing. It scratches the surface of your ‘dream to be rich’ and makes you feel annoyed when you get back home.Now think about it, the topic might again repeat next week when you meet them. The process becomes frustrating as you can’t explain that your investments have not reached ‘the moon’ yet.Your investments are yours alone and avoid telling it to the world. This will keep you at peace and you no longer have to explain anything to anyone about your finances.2. Find Something That Makes you HappyRemember how happy you felt when you brought that new shoes of yours or any other thing that matters to you? Unfortunately, that happiness is now solely tied to cryptos only. Untie it, find something that can make you happy and distract you from the market happenings. Search for things that make you happy in different ways and dive towards them.Keep investments as ‘just another part of your happiness’ and not fully centered towards it. This will indeed ease your burden and make you feel mentally free, which is the need of the hour.3. Avoid Checking the ChartsCharts are the first thing you see in the morning, afternoon, evening, and night. We understand it’s extremely hard to resist seeing the charts, (as we do it 13 times a day or more). It adds up to the already pent-up burden on your shoulders.Avoiding the charts can reduce more than half of the stress that plaguing you. It’s the secret recipe to find peace in a world dominated by numbers. If you can get away from the charts and check its price every day, my man, you’ve truly made it in the crypto world.#InvestingAdventure #dyor

What is Bitcoin Layer 2? What are the top 5 most promising Bitcoin L2 projects? Let’s explore with AZC.News!
The Bitcoin network is thriving, but it still faces several drawbacks such as transaction speed, gas fees, and congestion. Hence, Bitcoin Layer 2 solutions have emerged. So, what is Bitcoin Layer 2? What are the top 5 most promising Bitcoin L2 projects? Let’s explore with AZC.News!
What is Bitcoin Layer 2?
Bitcoin Layer 2 refers to networks built on top of the Bitcoin blockchain to enhance scalability, improve transaction speed, and reduce blockchain fees. Similar to Layer 2 solutions on Ethereum, these networks also enable Bitcoin to interact with smart contracts.
Historically, the number of Bitcoin Layer 2 solutions was limited, but recently, activities like BRC-20 and Ordinals have increased the transaction speed and fees on the Bitcoin network. In 2023, the number of Layer 2 blockchains on Bitcoin has significantly increased to over 25 projects, compared to 38 Layer 2 projects on Ethereum.
Why is Bitcoin Layer 2 Necessary?
Bitcoin is renowned for its high security and decentralization in the cryptocurrency market. However, the Bitcoin network primarily handles value transfers and lacks other functionalities, which squanders its potential for decentralization and security.
Moreover, Bitcoin faces limitations such as slow speed, high transaction fees, low throughput, and the inability to integrate smart contracts. These issues prevent dApps, NFTs, and DeFi activities from operating on the Bitcoin blockchain.
Thus, building Layer 2 solutions on the Bitcoin network is essential. They not only increase transaction speed and reduce fees but also expand Bitcoin’s application potential in the crypto market, preventing it from becoming “obsolete.”
Highlights of Bitcoin Layer 2
Bitcoin Layer 2 solutions address one of Bitcoin’s biggest challenges: scalability. The Bitcoin network can handle only about seven transactions per second, and completing a batch of transactions can take up to ten minutes. This leads to congestion and higher transaction fees.
Bitcoin Layer 2 solutions tackle this issue by processing transactions off-chain, reducing the load on Layer 1, and enhancing scalability without compromising security and decentralization. Additionally, they expand Bitcoin’s usability with features like smart contracts, DeFi, and NFTs, offering a richer experience for Bitcoin users.
Types of Bitcoin Layer 2 Solutions
There are currently three types of Layer 2 solutions for Bitcoin:
State Channels:
These avoid high transaction fees by creating encrypted ‘channels’ for sending and receiving payments, recording transactions, and only updating balances when the channel is closed.
Blockchain Rollups:
These aggregate multiple transactions into a single data set before sending it back to Layer 1.There are two main types:Validity Rollup (Zk Rollup): Increases speed by up to 100 times and enables smart contract deployment without network overload.Sovereign Rollup: Uses Bitcoin’s infrastructure for transaction validation.
Sidechains:
These are independent blockchains connected to Layer 1 via a two-way bridge, allowing asset transfers between chains and supporting other Layer 2 solutions.
Challenges of Bitcoin Layer 2
Developing and popularizing Bitcoin Layer 2 solutions face several challenges:
They require higher technical knowledge, reducing accessibility for new users.There are security risks in payment channels if not monitored regularly.They may create centralization points, leading to bottlenecks and increased security risks.Updates to Bitcoin Core can affect the operation of Layer 2 solutions, requiring flexibility and adaptability.
Top 5 Notable Bitcoin Layer 2 Projects
Merlin Chain (MERL)
Merlin Chain is a standout Layer 2 blockchain with low transaction fees and high scalability, compatible with Bitcoin and utilizing ZK-Rollups. This allows Bitcoin to scale easily and creates a flexible, cost-effective trading environment.
Developed by BitmapTech, known for its successful BRC-420 protocol and decentralized metaverse project Bitmap.game.
Merlin Chain has successfully raised funds from 24 investors, including OKX Ventures, Kucoin Ventures, and ArkStream Capital, though the specific amount is undisclosed.
SatoshiVM (SAVM)
SatoshiVM is a Bitcoin Layer 2 solution using BTC for gas fees and integrating zkRollup technology, which increases transaction speed and reduces network costs. It is EVM-compatible, enabling asset issuance and application development similar to Ethereum.
The project had a turbulent start. On January 19, SatoshiVM partnered with Ape Terminal to launch the SAVM token. However, on January 25, self-proclaimed advisor MacnBTC accused Ape Terminal of fraud, claiming they took a 25% IDO fee and selected only 10 of their own wallets out of 200,000 registered for the IDO.
Babylon
Babylon is a blockchain project within the Cosmos Zone ecosystem, focusing on using Bitcoin in a secure and decentralized manner. It allows users to stake Bitcoin into other Proof of Stake (PoS) blockchains without using bridges, custodians, or wrapped tokens.
The project has raised over $96 million from prominent names such as Binance Labs, Polychain Capital,  Hack VC, and OKX.
BEVM
BEVM is a Bitcoin Layer 2 network developed using Polkadot’s Substrate technology. It stands out with EVM compatibility, using BTC as gas fees. This enables all DApps within the Ethereum ecosystem to operate on Bitcoin Layer 2.
BEVM has completed a seed round with participation from investment funds like ArkStream Capital and MH Ventures. The specific amount raised is undisclosed, but the project’s valuation has reached $200 million.
BOB
BOB is a Bitcoin Layer 2 project that has garnered significant attention after raising $10 million in a seed round, led by Castle Island Ventures with participation from Mechanism Ventures, Bankless Ventures, CMS Ventures, UTXO Management, and angel investors like Dan Held and Domo, the creator of the BRC-20 token standard.
BOB stands for “Build on Bitcoin.” Its goal is to implement the first EVM-compatible Layer 2 solution on the Bitcoin network. Although integrating Ethereum smart contracts into Bitcoin is complex due to concerns about network overload, the BitVM proposal has strongly promoted this development. BitVM suggests offchain computations verified onchain, similar to the optimistic rollup mechanism on Ethereum. This prevents network congestion and does not affect other users.
BOB has successfully raised $10 million in a seed round from CMS Holdings, Mechanism Capital, and a recent undisclosed amount from Coinbase Ventures.
Conclusion
The potential of Layer 2 projects lies not only in enhancing scalability but also in promoting the widespread adoption of Bitcoin in the crypto ecosystem. As Bitcoin continues to evolve, Layer 2 solutions will increasingly play a crucial role in shaping the future of BTC.
Through the article “What is Bitcoin Layer 2? The Top 5 Most Notable Bitcoin L2 Projects Right Now,” AZC.News has introduced readers to Bitcoin Layer 2. If you have any questions, please leave a comment below, and we will address your inquiries promptly!
#btc70k #StartInvestingInCrypto

Is a cold wallet an effective tool for storing cryptocurrencies? So, what is a cold wallet? What are some recommended types of hardware wallets to use? Let's find out together!
What is a Cold Wallet?
A cold wallet is a type of cryptocurrency wallet that allows you to store coins without needing an internet connection. Cold wallets typically provide a high level of security for users’ crypto assets, protecting them from risks related to hacks and exploits.
How a Cold Wallet Works
Many people mistakenly believe that wallets (both hot and cold) are where users’ cryptocurrency assets are held and stored. However, it’s important to understand that:
All crypto assets are stored on the blockchain network.Wallets only store the pair of keys: the public key (representing the user’s address on the blockchain) and the private key.The only way to access crypto assets is through the private key corresponding to the public key.The private key allows users to authorize and sign transactions from the address on the blockchain.
The main function of a cold wallet is to manage and protect the user’s private key in an offline environment. Therefore, it cannot interact directly with decentralized applications (dApps) and is suitable for long-term asset holding. When a transaction is needed, users must transfer the necessary amount from the cold wallet to a hot wallet, which then handles the transaction and connects with various dApps via the internet.
Types of Cold Wallets in Crypto
Ledger Cold Wallet
Ledger cold wallets are highly rated by users. The wallet is protected by a robust metal casing, similar in size to a regular USB stick. Some key features of Ledger wallets include:
Storage of various coins like Bitcoin, Litecoin, Ethereum, Altcoins, and other assets.Data backup and recovery capabilities in case of a failure.Intuitive display with a modern OLED screen.
Popular Ledger cold wallet versions include Ledger Nano S and Ledger Nano X.
Trezor Cold Wallet
Trezor, launched in August 2014 by Satoshi Labs, is one of the first cold wallets to store bitcoin. Coins that Trezor can store include Bitcoin, Litecoin, Ethereum, Dash Coin, Bitcoin Cash, Dogecoin, and more.
Key features of Trezor:
Supports storage of multiple coins.Quick setup within 15-20 minutes.Easy to use with basic computer operations.High security, protecting access to servers and admin pages.Backup capability with special recovery strings.
SafePal Cold Wallet
SafePal is the first cold wallet brand invested in by Binance. SafePal’s interface is intuitive, with multiple layers of security that facilitate convenient and secure storage, transactions, and exchanges. Key features include:
Storage of various coins on a single wallet.High security with offline private key storage and self-destruct mechanism if tampered with.QR code-based communication with the app, no internet connection.Ability to transfer and transact anytime, anywhere.
Should You Use a Cold Wallet?
Using a cold wallet is crucial for protecting your cryptocurrency assets from security and safety risks. Unlike internet-connected hot wallets, cold wallets are physical storage devices isolated from the network, preventing attacks from malware or hackers. Cold wallets use multi-layer security systems with PIN codes and an auto-reset feature if incorrect codes are entered too many times, ensuring your assets are absolutely safe.
While hot wallets are convenient for daily transactions, they are not secure for storing large amounts of cryptocurrency. If you lose your account or get hacked, you risk losing all your assets. Therefore, using a cold wallet is the optimal choice to secure significant cryptocurrency holdings, ensuring absolute privacy and safety for your assets.
How to Transfer Coins to a Cold Wallet
Transferring coins to a cold wallet is similar to transferring to hot wallets, following these three steps:
Copy the wallet address displayed on the cold wallet device, ensuring you select the correct cryptocurrency and corresponding blockchain network.Transfer the cryptocurrency from your current holding location (exchange, another wallet, etc.) to the copied cold wallet address, double-checking the correct coin and network before sending.Verify that the balance has been updated on your cold wallet.
Advantages and Disadvantages of Cold Wallets
Advantages
Maximum Security: Cold wallets manage private keys in an isolated environment, eliminating almost all risks associated with online storage.Complete Ownership: Users have full control and ownership of their assets without relying on third parties.Portability: Cold wallets are generally compact and easy to store and carry around.
Disadvantages
Complexity: Requires connection to another device to conduct transactions, which is more complicated than using hot wallets.Higher Cost: Purchasing a cold wallet is more expensive than software wallets but is a reasonable cost for asset security.No Direct DApp Interaction: Requires connection to a hot wallet or transferring funds to interact with DApps.Physical Vulnerability: Being a physical device, it can break, get damaged, or degrade over time, affecting access to the private keys.
Frequently Asked Questions About Cold Wallets
Can Cold Wallets be Hacked?
While safer than hot wallets, cold wallets can still be hacked through techniques like phishing or pretexting. Some cold wallets include features to protect against these attacks, but private keys are still encrypted on the hardware, making hacking a potential threat.
How Much Do Cold Wallets Cost?
Cold wallet prices range from approximately $50 to $250, depending on the type, features, security level, number of supported coins, and app compatibility.
Which Cold Wallet is the Best?
Highly rated and widely used cold wallets include Ledger Nano X, Trezor Model T, SafePal S1, ELLIPAL Titan Bundle, CoolWallet Pro, Keystone Pro, and Blockstream Jade.
Conclusion
I hope this article has provided you with useful information about cold wallets and helped you find a suitable cold wallet for effectively storing your coins. If you have any questions, please leave a comment, and we will respond promptly!
#EarnFreeCrypto2024 #ETHETFsApproved

AI - an area that has become familiar and essential in our daily lives. AI is also widely applied in the cryptocurrency market through the emergence of numerous significant AI projects. So, what are AI projects? Which are the top 5 notable AI projects? Let's find out together!
What are AI Projects?
Artificial Intelligence (AI) is a field of computer science focused on creating systems that can learn and think like humans. AI enables computers to recognize images, understand natural language, make decisions, and perform intelligent tasks that previously required human intervention.
In the realm of cryptocurrency, “AI projects” refer to initiatives that integrate AI technology into software, platforms, or blockchain protocols to enhance efficiency and expand the applicability of cryptocurrencies. These projects leverage the synergy between AI and blockchain to create innovative solutions such as faster transactions, enhanced security, personalized user experiences, and other potential applications.
The combination of AI and blockchain is expected to bring new breakthroughs, fostering comprehensive and effective development of the cryptocurrency ecosystem.
Why Should You Care About AI Projects?
The next growth cycle of the cryptocurrency market is anticipated to focus on the trend of Artificial Intelligence (AI). This expectation is based on several factors:
Accessibility and Familiarity: AI technology is easily understandable and familiar to the public through practical applications like ChatGPT, attracting many new investors.Significant Investment: Leading investment funds such as Delphi, Polychain, and Binance Labs have invested heavily in AI projects over the past year, indicating their confidence in this trend.Broad Applications: AI is a practical technology widely applied across various fields, not just in the cryptocurrency market, supporting its long-term development and potential.Endorsement from Influential Figures: Ethereum founder Vitalik Buterin and other major organizations have emphasized the importance and opportunities arising from the combination of AI and Blockchain.
For these reasons, the author believes AI will be the main driver of the next growth cycle in the cryptocurrency market.
Top 5 Notable AI Projects for 2024
1. Worldcoin (WLD)
Founded by Sam Altman, CEO of OpenAI, Worldcoin aims to verify human identity and prevent bot impersonation through retina scans. Using the “Proof of Personhood” mechanism, Worldcoin introduces the “Orb” device to scan retinas and create World IDs, ensuring users are real humans. World IDs, stored securely on the blockchain, guarantee privacy and security.
The Orb operates on zero-knowledge proof technology and AI, scanning users’ eyes and storing AI-analyzed data on Worldcoin servers. The WLD token plays a vital role in platform interactions, from voting on platform changes to paying fees for activities on the World App and transacting goods and services.
Worldcoin promises a new approach to digital identity management, providing a secure and transparent solution for an increasingly digital world.
Worldcoin has successfully raised $240 million from major investment funds such as a16z, Coinbase Ventures, and Blockchain Capital.
2. Arkham Intelligence (ARKM)
Arkham Intelligence offers a groundbreaking solution for analyzing and tracking blockchain data using advanced AI technology named ULTRA. This platform provides detailed and transparent insights into on-chain activities of entities like individuals, investment funds, and exchanges, helping users decode the real identities behind anonymous wallet addresses and accurately track the actions of major traders.
With a mission to provide accurate and up-to-date information, Arkham Intelligence meets the growing informational needs of the crypto community, supporting users in making investment decisions based on on-chain data. The platform helps track money flows, predict market trends, and manage investment portfolios effectively.
The ARKM token, the primary currency in the Arkham ecosystem, is used for data transactions and governance decisions. Additionally, users can earn ARKM rewards by contributing valuable information, referring new users, and participating in other activities to promote Arkham’s development.
Arkham has successfully raised $14.5 million from major investment funds like Binance Labs and Coinbase Ventures.
3. Fetch.AI (FET)
Fetch.AI (FET) is an advanced blockchain protocol focusing on applying AI and Machine Learning to create a decentralized digital ecosystem. This project supports the Useful Proof of Work consensus model to optimize performance and minimize the environmental impact of mining.
Fetch.AI facilitates interactions between various components of the digital economy, including data, hardware, services, people, and infrastructure. This is achieved through three core layers: Autonomous Economic Agents (AEA), Open Economic Framework (OEF), and Smart Ledgers, which efficiently connect and manage resources.
The FET token plays a crucial role in the system, used for staking and becoming nodes to process transactions and operate the system. Additionally, FET is the medium for Agents to access and interact with Fetch.AI’s digital world, including AI and ML services. FET is also used as Gas Fee for transactions and value exchanges between Agents.
Fetch.AI promises a new world of intelligent interactions between digital resources, facilitating the development of the digital economy through blockchain and AI technologies.
Fetch.AI has successfully raised $55 million from investment funds such as DWF Labs and Bitget.
4. LayerAI (LAI)
LayerAI is a dedicated blockchain network for data monetization within AI models.
LayerAI functions as a sophisticated ecosystem designed to accelerate the rise of the data economy by leveraging cutting-edge advancements in both web2 and web3, along with a tokenized economic framework.
The LayerAI ecosystem empowers individuals to step into a transformative era where they can own, control, and capitalize on their most substantial digital asset – Data.
The main components of the LayerAI ecosystem include:
zkRollup Layer-2 blockchain network, built with PolygonCDKLayerVPN, a VPN functioning as a nodeKyotoX, a decentralized exchange and lending platform for AI projectsLayer Marketplace, an NFT marketplace to transact Data Capsule NFTsLayerAI App, a data economy app to purchase/sell Data Capsule NFTs and collect rewards
LayerAI establishes data as an emerging asset class, contributing to a trillion-dollar global data & AI economy.
LayerAI has raised $13.15 million, led by DWF Labs.
5. Sleepless AI (AI)
Sleepless AI is a unique GameFi project combining artificial intelligence (AI) and blockchain to offer a novel experience through two main AI characters, HIM and HER. This project creates a virtual space where users can interact and converse with virtual “boyfriends” or “girlfriends” through missions and minigames. Players can customize characters with NFT items on the Sleepless AI marketplace or NFTPrompt, providing diverse content and story experiences in the game.
With support from Binance Labs and significant potential in combining AI and GameFi, Sleepless AI promises to be a pioneering project in elevating gaming experiences to a new level.
Sleepless AI has raised funds in two rounds from Binance Labs and Folius Ventures, though the amount was not disclosed.
Where to Buy AI Project Tokens?
Currently, four out of the five projects listed above are traded on Binance: WLD, ARKM, FET, and Sleepless AI.
LayerAI is traded on MEXC, Gate.io, and other platforms.
Conclusion
AI is an unmissable narrative in the upcoming growth cycle of the cryptocurrency market. Following the Metaverse hype in the previous surge, AI is likely to become the next surprising phenomenon.
The biggest advantage of the AI trend is its accessibility to most investors. AI technology has penetrated daily life through practical applications like the ChatGPT assistant. This makes it easier for people to recognize the immense potential when combining AI with blockchain.
Hopefully, through the article “Top 5 AI Projects Worth Investing in 2024”, readers will gain more information about the TOP 5 AI projects not to be missed in the Crypto market. If you have any questions, please leave a comment below for immediate assistance!
#Megadrop #EarnFreeCrypto2024

Holding coins - one of the effective ways to store coins and often brings high profits for investors. So what is holding coins? How to optimize profits when holding coins? Let's find out together!
What is Holding Coins?
Both “Hodl” and “Hold” mean “to hold.” In the cryptocurrency market, Holding coin refers to keeping a coin without selling it, even when the market is volatile or the price drops. Essentially, Holding coin is a form of long-term investment, unlike short-term trading (trade coin).
For example, if you choose a promising Altcoin and believe it has significant growth potential, you might buy some of this coin and decide to hold it for at least 1-2 years, selling only when it reaches your expected price. During this period, even if the price drops, you won’t sell. At this point, you are referred to as a “Holder” and your action of holding the coin is known as Holding coin.
The term first appeared in 2013 on the Bitcoin Talk forum from a member with the nickname GameKyuubi in a topic titled “I AM HODLING.” Since then, this misspelled phrase has become very popular in the cryptocurrency world. Whenever someone says they are hodling or want to hodl, it means they believe the coin they hold will increase in value in the future, not immediately.
Why Should You Hold Coin?
High returns: If you choose the right project to hold, the potential returns from your investment can be substantial in the future.Sustainable income: With some types of coins, while holding, you can stake or farm them, providing sustainable passive income, even compounding interest.Safety: Holding is considered the safest investment strategy in the cryptocurrency market. This approach helps you avoid many trading risks.Less need for in-depth analysis: Holders do not need to spend as much time and effort analyzing the market daily as Traders do.
How are Holders and Traders Different?
Profit Goals
Unlike Traders, who seek short-term profits, Holders aim for significant returns, often 100% or more. Because of their different goals, they use different tools: Holders typically buy on the spot market, while Traders often trade with leverage.
Market Perspective
Traders usually view the market in the short term and use many H1 and H4 charts, with D charts being the highest. In contrast, Holders typically use H4 and D charts, and some famous investors even use W and M charts.
Analysis Methods
In Crypto, the term “Investor” usually refers to Holders. Holders use fundamental analysis to assess a project’s potential, though they may also use technical analysis but not daily. Traders treat technical analysis as a daily necessity, constantly monitoring charts to earn short-term profits.
When Should You HODL?
Deciding when to hold or sell cryptocurrency is a personal choice, and you should conduct thorough research before making a decision. Some investors adopt a broad HODL strategy, meaning they buy cryptocurrency and do not plan to sell it for months or years.
When the Market is Volatile
The cryptocurrency market is known for its unpredictability and frequent volatility. During periods when the market trend is unclear, trading can be dangerous as it might lead to “buying high and selling low.” Thus, the HODL strategy is particularly suitable for protecting your investment. You can sell when the market confirms an uptrend or continue holding if the market enters a downtrend.
When the Economy Shows Signs of Recession
Economic recessions will affect all markets, not just crypto. If you sell off coins to convert to cash during a recession, you might face double losses. This is when you should apply the HODL strategy.
When You Are New or Not a Full-time Investor
Anyone, especially newcomers, can HODL. HODL is also suitable for investors who do not have time to read charts or perform technical analysis. Traditional investors new to this market will also find it easier to adapt to HODL coin practices.
Criteria for Choosing Coins to HODL
Not all coins you HODL will bring potential profits. Look back at the crypto market since 2013, and see which coins have survived. Or consider the top coins from 2-3 years ago; which ones have maintained their positions?
Focus on bluechip coins. Like the stock market, the cryptocurrency market also has bluechip, mid-cap, and penny coins. Bitcoin and Ethereum are the bluechips of the cryptocurrency space. Though more expensive than other coins, you can buy small amounts and accumulate over time.
This doesn’t mean altcoins aren’t worth investing in. Pay attention to coins that have been released or ICO projects with promising technology, experienced development teams, good backers, and clear, feasible roadmaps. These might be the coins that will make significant advancements in the future.
How to Optimize Profits When Holding
DCA (Dollar-Cost Averaging)
To optimize future profits, you need to buy coins at the lowest possible price. The simplest method to do this is the DCA strategy. DCA means averaging the purchase price. With this strategy, you divide your capital and buy coins at different times, helping you buy coins at a low average price.
Staking – Farming
Some cryptocurrency wallets like Kelp allow users to stake or farm certain cryptocurrencies. If you hold these types of coins, you can stake or farm them to earn passive income.
Launchpool – Launchpad
When holding certain exchange coins like BNB, MX, BIT, etc., you can participate in the exchange’s launchpad, bringing compound interest.
Conclusion
The above profit optimization methods are primarily for holders who believe in the project for the long term. For some tokens, not participating in DeFi would be a significant oversight for a holder’s benefits. However, investors should not focus solely on the interest earned but should diversify their methods to minimize risks.
Through the article “What is Holding Coins? How to Optimize Profits When Holding Coins,” do you understand Holding coin now? If not, leave a comment below for us to answer your questions right away.
#EarnFreeCrypto2024 #btc70k

BRC-20 is considered a new trend with strong growth potential in the near future. So, what is BRC-20? Let's explore this new token standard on Bitcoin together!
What is BRC-20?
BRC-20 is an experimental token standard stored on the Bitcoin blockchain, based on the Ordinals and inscriptions protocol. These two mechanisms ensure the safety and reliability of NFTs created on the Bitcoin network. The BRC-20 standard provides a JSON file deployed as a contract token, allowing developers to mint and trade tokens through the Ordinals protocol.
The BRC-20 standard was created by a Twitter user named @domodata on March 8th and quickly became a trend in the cryptocurrency ecosystem. As of May 21st, 2024, according to CoinmarketCap, there are 72 BRC-20 tokens, with a market capitalization exceeding 2 billion USD, led by tokens such as ORDI, SATS, PUPS, and LEVER.
History of BRC-20
November 2021: The Taproot update was deployed on the Bitcoin network, increasing the amount of data that can be stored in blocks, paving the way for new developments.January 2023: Casey Rodarmor released the Ordinals protocol to create NFTs on the Bitcoin network. Major projects like Yuga Labs and DeGods launched NFTs on Bitcoin Ordinals, attracting a significant number of new users, especially NFT collectors.March 2023: Based on Ordinals, developer Domo (@domodata) introduced the BRC-20 token standard. The first BRC-20 token was “ORDI,” and many support tools for BRC-20, such as Ordinals Wallet and Unisat Wallet, were quickly deployed. Numerous “copycat” tokens were issued and rapidly increased in value.
What are the characteristics of BRC-20?
Difference from ERC-20: Although BRC-20 is modeled after the ERC-20 standard, it has many distinct features. BRC-20 does not use smart contracts like ERC-20 but integrates with Bitcoin wallets to mint and trade tokens. BRC-20 is deployed on the Bitcoin blockchain using the Proof-of-Work consensus mechanism, so users have to pay higher gas fees compared to ERC-20.No use of smart contracts: Tokens adhering to the BRC-20 standard do not use smart contracts, affecting how tokens are deployed and managed on the Bitcoin blockchain.Anonymous creator: The BRC-20 token standard was created by an anonymous on-chain analyst known as Domo. The primary goal is to create fungible tokens that can be issued and traded on Bitcoin.Rapid growth: BRC-20 quickly became a prominent trend, with a market capitalization currently at 469,862,581 USD, indicating significant community interest and strong potential for future development.
How do BRC-20 tokens work?
BRC-20 tokens are created using the Ordinals and Inscriptions protocol. The Ordinals protocol allows users to attach data to satoshis, the smallest unit of Bitcoin, to create Ordinal NFTs or BRC-20 tokens. This data can be text, code, images, audio, or video. This process of attachment is called inscribing.
Not all tokens created through inscribing are BRC-20 tokens. BRC-20 tokens are created only when using JavaScript Object Notation (JSON) code. While Ordinal NFTs attach digital assets to satoshis, BRC-20 attaches JSON code, a data format that defines all aspects of the token, including supply, mint limits, and token identity.
What are BRC-20 tokens used for?
Crowdfunding: BRC-20 tokens provide a practical solution for raising funds for new projects on the Bitcoin network through IDO events.Decentralized Finance (DeFi): With high security and compatibility with the Bitcoin network, BRC-20 tokens have the potential to revolutionize the DeFi space on the Bitcoin network.Utility tokens: BRC-20 tokens can be integrated into various applications, such as NFT marketplaces and blockchain games.Community tokens: BRC-20 tokens play a crucial role in supporting communities within the Bitcoin ecosystem.
What are the pros and cons of BRC-20?
Pros
Compatibility with the Bitcoin network: BRC-20 is built on the Bitcoin blockchain, so BRC-20 tokens can be stored and used on all Bitcoin wallets.Ease of use: The standard employs a simplified mechanism, allowing users to mint and transfer tokens without requiring advanced technical knowledge.Security: Utilizing Bitcoin’s security technology, including the SHA-256 hash algorithm and digital signatures, BRC-20 ensures the safety and integrity of tokens, preventing external interference.
Cons
Experimental stage: The standard is in an experimental phase, posing various risks, network congestion, and limited features.High costs: Due to the Proof-of-Work consensus mechanism, gas fees are higher than those of token standards from other blockchains.
The future of BRC-20 tokens
BRC-20 tokens attract attention due to new improvements, but many believe that they are just a fleeting trend without intrinsic value. However, BRC-20 continues to persist in the crypto industry, not just as profitable assets but also as demonstrations of Bitcoin blockchain’s power. The community of users and developers continues to research and apply BRC-20 in various fields, driving the robust growth of the cryptocurrency world.
How to store BRC-20 tokens
Storage on Ordinals Wallet: Launched on February 16, 2023, Ordinals Wallet allows storage of Bitcoin and BRC-20 tokens, as well as buying and selling NFTs and tracking transactions of Ordinals NFTs.Storage on Unisat: UniSat Wallet is a self-custody wallet in the form of a Chrome extension, enabling users to store and transact Ordinals NFTs and BRC-20 tokens.Storage on Xverse: Xverse is a wallet supporting BRC-20 tokens, allowing the exchange of BRC-20 tokens, access to Ordinal marketplaces, DeFi applications, and safe offline storage of assets.
Conclusion
The advent of the Ordinals protocol and Bitcoin NFTs has brought fresh air to the crypto market. BRC-20 is a continuation of Bitcoin NFTs, but due to the limitations of the Bitcoin network, this token type has yet to find many applications. BRC-20 tokens are still very new to most investors in the crypto market, so this standard will need more time to reach the level of popularity that ERC-20 currently enjoys.
Through the article “What is BRC-20? Understanding the Token Standard on Bitcoin,” I hope you have gained an overview of BRC-20 tokens and their limitations.
#BTC #BRC20Tokens

In the world of cryptocurrencies, there are always projects with the potential to increase 10x or even 100x in value. These projects are called Hidden Gems. So, what exactly are Hidden Gems? How can you find such projects? Let's explore this together!
What are Hidden Gems?
A hidden gem refers to projects/tokens/coins that investors expect to grow significantly in the future but are currently not popular and have a low valuation. These hidden gems are typically evaluated based on factors such as the project team, tokenomics, participating investment funds, and even on-chain data or insider news.
However, this form of investment carries many risks, such as lack of liquidity or the project team abandoning the project. Therefore, thorough research and effective risk management are essential for investors when selecting hidden gems.
Methods to Discover True Hidden Gems
Based on Fundamental Analysis (FA)
Fundamental analysis is usually for those with foundational knowledge of blockchain and cryptocurrency. To find hidden gems through fundamental analysis, investors need to answer the following questions:
Which ecosystem and category does the project belong to? You can find this information in the project’s Whitepaper or through its official social media channels.Is capital flowing into the project?Is the project’s tokenomics good? Who holds the most tokens? Is the token distribution schedule reasonable?Who are the project’s investors?Does the project team have market experience? Are they transparent and reliable?
On-Chain Analysis
Project information and data are transparently published on-chain, making on-chain analysis an effective method for investors to assess a project’s potential. Some criteria investors should consider when analyzing on-chain data include:
On-Chain Metrics:Total Value Locked (TVL)TransactionsTrading Volume These metrics indicate whether the project is gaining user interest.On-Chain Data for the Project’s Token:Total circulating supplyNumber of tokens burned (if any) or locked (staking)How many people hold the project’s tokens?Project Revenue: A crypto project is considered promising if it has a product that generates consistent cash flow. This means the project has a product providing solutions to existing market problems, meeting user needs, and thereby creating value for the project and attracting a certain user base.
Tools for Finding Hidden Gems
X (Formerly Twitter)
X, formerly known as Twitter, is an indispensable tool for those participating in the crypto market, especially in finding hidden gems. When creating an X account, the first step is to follow the founders and some key opinion leaders (KOLs) in the crypto market. Examples include:
Arthur Hayes: Co-founder of BitMEX, he is a notable figure in the market with over 500,000 followers.Vitalik Buterin: The father of Ethereum, with over 5 million followers.
Additionally, investors can use X to follow the team and founders of hidden gem projects to get the latest updates and track the project’s development roadmap. This helps users have an overall view to assess the project’s potential.
Following Major Investment Funds
Tracking the actions of large investment funds (whales) is always a reliable strategy in investment. Some major funds include a16z, Paradigm Research, Binance Labs, and Polychain Capital. Observing their investment moves can help identify potential projects.
DefiLlama
DefiLlama is a website that aggregates important project metrics, from Total Value Locked (TVL) to trading volume. The site also displays significant timelines, helping investors assess the project’s development process and problem-solving approaches.
In addition to DefiLlama, users can use Dune and Dex Screener to monitor other metrics such as liquidity and data from competing projects. If you want to know more about on-chain activities of whales, you can use paid services like Nansen and Messari.
Discord
Discord is where projects build their communities, allowing investors to contribute ideas to the founders and the project. If a project has future potential, the community on Discord usually interacts positively, showing little signs of discouragement or negativity, even when the project’s token/NFT prices are falling.
Conclusion
Through the article “What is a Hidden Gem? Guide to Finding Hidden Gems in 2024,” we have provided you with tools, reliable sources, along with the perspectives and aspects needed to accurately assess and identify hidden gems, helping to multiply your asset value.
However, in our personal opinion, users should combine various factors such as capital flow, community, founding team, TVL, technological breakthroughs, and operational models to evaluate a true hidden gem project.
Additionally, searching for hidden gems carries significant risks, potentially leading to scams and complete loss of assets. Therefore, you need to thoroughly research before making any investment decisions and only invest in hidden gems with money you are willing to lose.
#altcoins #HiddenInvestments

Memecoin originated from extremely simple things, but many projects have reached billion-dollar caps in a short time. Let's explore the top 5 most promising memecoin projects in 2024 with Cryptocurrency right now!
What are Memecoins?
Memecoins are a type of cryptocurrency developed based on humorous images, videos, or content widely circulated on the internet (known as memes). Unlike cryptocurrencies like Bitcoin or Ethereum, which are created to solve specific problems, memecoins are often for entertainment purposes and lack real business foundations or clear utility.
Memecoins are often born out of online communities, with the main goal being to attract attention, create trends, or even generate profits for participants. However, it’s worth noting that investing in memecoins can be very risky due to their instability and lack of underlying support.
Why Memecoins Attract Many Investors?
Investors Prefer Cheap Tokens
Instead of having to spend $60K to own one BTC, you can spend just $1 to own thousands, even hundreds of thousands of tokens of a memecoin. Memecoins often have extremely low prices, with many zeros after the decimal point, leading many people to mistakenly believe that the coin is “cheap” without realizing that the project’s market cap may be too high compared to the market.
The main reason is that memecoins often have a massive or infinite token supply. For example, Shiba Inu (SHIB) has a total supply of up to 1 quadrillion tokens, while DOGE has no maximum supply and has already circulated more than 100 billion tokens. However, since memecoins often do not have a token burning mechanism, this massive supply tends to keep their prices relatively low.
Price Increase Despite Market Conditions
Currently, there are thousands of memecoin projects on the market, mostly named after animals like dogs or cats. Memecoins attract attention from many investors mainly due to sudden price increases, often just because of a statement from celebrities like Elon Musk or Mark Cuban on social media. Their tweets or posts can have a significant impact on the value of that memecoin.
A typical example is Dogecoin, one of the most famous memecoins in the cryptocurrency community. Initially created in 2013 by Jackson Palmer and Billy Markus as a joke, Dogecoin quickly attracted the community’s attention. By 2021, Dogecoin truly became the center of attention when billionaire Elon Musk frequently mentioned it on Twitter and in public statements. This pushed Dogecoin to its peak with a market cap of up to $90 billion and it once ranked in the top 5 in terms of market capitalization.
What are the Risks of Investing in Memecoins?
While memecoins may promise significant profits for investors in the short term, they also come with many inherent risks. Memecoin projects often lack transparency and reliability, leading to the risk of investors being scammed or losing money due to projects with no real value. Moreover, memecoins often focus on the potential for rapid price increases rather than long-term vision and sustainable development, leading to the risk of price depreciation and sudden collapse.
Furthermore, only a few memecoin projects are developed further and can be practically applied. For example, Dogecoin is used in payments for some services; Shiba Inu releases NFTs and some new tokens in its ecosystem; Rici releases NFT games using the Rici token, including VR applications in games. However, there are few memecoins with such practical applications. With the explosion of the memecoin market, choosing the right and reliable project becomes even more difficult. Moreover, memecoins can easily be manipulated by individuals or large organizations, causing sudden price fluctuations and unfavorable conditions for investors.
Top 5 Memecoins to Watch in 2024
Dogecoin (DOGE)
If you’re a cryptocurrency investor, you’re probably familiar with the name Dogecoin or DOGE. It’s one of the most successful memecoins during the 2020-2021 period, having surged more than 200 times and quickly enriching many investors. The name “Doge” originated from internet memes featuring a Shiba Inu dog. Dogecoin is also known as the “pet” of billionaire Elon Musk, who frequently mentions it on Twitter and in public statements.
Pepe (PEPE)
Pepe (PEPE) is a memecoin released on the Ethereum blockchain, inspired by the green frog Pepe. It was one of the memecoins that kicked off the “memecoin season” in 2023, surging more than 500 times and reaching a market cap of $1 billion in just under a month. Notably, this memecoin was listed on the Binance exchange on 05/05/2023.
Wen (WEN)
Wen is a memecoin on the Solana ecosystem, created by the founders of the Jupiter and Ovols NFT projects. This project conducted an airdrop for Solana users on January 26th. Wen is considered the first community-driven project based on Fractional NFTs.
Floki Inu (FLOKI)
Floki is a decentralized cryptocurrency inspired by the popular meme culture on the Internet, focusing on the Shiba Inu dog breed. Initially inspired by Elon Musk’s dog, Floki later evolved into a comprehensive web3 project including decentralized finance, NFTs, and the Metaverse. Floki is known as the “people’s cryptocurrency,” as the team behind it has turned it from an ordinary meme coin into a token with greater utility. The FLOKI token – the project’s token, is compatible with both Ethereum and BNB Chain, and can be used on both blockchains.
dogwifhat (WIF)
dogwifhat (WIF) is a memecoin launched in November 2023 on the Solana blockchain by an anonymous group of developers. The WIF token is designed based on the image of a Shiba Inu dog wearing a woolen hat, with clear entertainment and humor elements. The project team commits that WIF not only brings entertainment value but also represents the progress of transactions in the future, while also committing to decentralization and empowering the community. WIF has increased in price more than 400 times since its launch and has been listed on several leading exchanges such as Bitget, Kucoin, Gate.io, and Binance.
Conclusion
Investing in Memecoins is a risky decision and is not encouraged for inexperienced investors lacking understanding of the cryptocurrency market. Although Memecoins may experience sudden price surges, they can also sharply decrease in value afterward, with no underlying business foundation or real value. Furthermore, the Memecoin market is rapidly developing with many scam projects and unreliable ones, so investors need to be cautious and thoroughly evaluate before making investment decisions.
If you decide to invest in Memecoins, consider the risks and only invest an amount you can afford to lose. Research the project, developers, potential, and growth opportunities carefully before making decisions. Moreover, always stay updated and monitor the market carefully to adjust your investment decisions when necessary.
#MemeWatch2024 #buythedip

Close to half of the newly launched tokens, totaling over one million since April 1st, are memecoins generated on the Solana network.
Since the beginning of April, more than 1 million new tokens have been created. Among them, there are more than 370,000 new tokens on Ethereum and more than 640,000 new tokens on Solana, mainly memecoins.
On Ethereum, a total of 372,642 new tokens were issued, of which 88% (i.e. 327,553 tokens) were launched on Coinbase Layer 2 Chain Facility. This boom mainly comes from developers creating new memecoins on layer 2 networks to benefit from low transaction costs. According to L2beat, the total value locked (TVL) on Base has increased by approximately 630% since the beginning of the year, mainly due to the strong growth of memecoin.
New tokens launched on Ethereum and related blockchains. Source: Dune Analytics
Meanwhile, on Solana, there were 643,227 new tokens created during the same period. Of these, 466,914 are memecoins, according to data from analytics platform Step Finance and the Dune Analytics dashboard.
CoinMarketCap listed the 500 newest tokens added to their platform in the past 30 days, with the majority being memecoins. The CoinGecko platform, one of the go-to places for cryptocurrency analysis, currently has a separate category for memecoins, with over 600 listed and a total market capitalization of $52.7 billion. This is almost half of Tether’s total value.
More than 640,000 new tokens have been launched on Solana since April 1. Source: Step Finance
Grogan’s post caused a wave of negative reactions from the cryptocurrency community. Many people believe that memecoin has caused many problems for the value of cryptocurrencies. One commenter called it a “net negative,” agreed that the money could be used for larger projects, and objected to its use for memecoin, noting that it is now in the hands of scammers.
Others see the rise of new memecoins as “snipping bots from the farm”, pointing out that there are many projects designed to automatically collect new memecoins in the hope of profit.
In April, an investigation revealed that one in six new memecoins on Base were scams and more than 90% of them contained vulnerabilities. Despite criticism, memecoin remained one of the most profitable crypto stories in the first quarter of the year..
#MemeWatch2024 #BinanceLaunchpool

As the cryptocurrency market eagerly awaits a series of potentially game-changing AI announcements in the coming month, investors are on the lookout for tokens that could benefit from these catalysts.
With NVIDIA’s earnings report scheduled for May 22nd, and other major events like the GPT-4o announcement, Google I/O conference, and Apple’s WWDC focusing on AI, the stage is set for a potential surge in AI-related cryptocurrencies.
In this article, we will explore the top three cryptocurrencies to buy now, as recommended by Prithvir, the founder and CEO of Loch Chain: Render (RNDR), NEAR Protocol (NEAR), and Arweave (AR).
How to Profit from AI Coins this Month 👀

I'll cover:
– AI catalysts
– Tokens affected by these catalysts
– My personal picks

Dive in for some real alfa

1) AI Catalysts:

a) $NVIDIA earnings on May 22nd
b) GPT-4o announcement on May 13th @ChatGPTapp
c) @Google IO conference on… pic.twitter.com/mUXzJTE1YR— Prithvir (@Prithvir12) May 15, 2024
Render (RNDR)
Render has consistently been one of the easiest long positions heading into NVIDIA-related news and Apple events. The cryptocurrency has outperformed Bitcoin massively over the past year due to comparisons of GPU networks and the rendering software they have built, which Apple often features at different keynotes.
Prithvir suggests that RNDR could be a good swing trade leading up to the WWDC event, with a time period of approximately three weeks. 
Arweave (AR)
Arweave, a fully diluted coin with a strong team and real product, has pivoted to AI with the launch of AO Computer. The project has also secured listings on Tier-1 exchanges, further enhancing its credibility and liquidity. Prithvir considers AR to be a no-brainer medium-term hold and has made it his biggest AI coin holding currently.
With its focus on sustainable tokenomics and working products, Arweave is poised to benefit from the growing interest in AI-related cryptocurrencies. 
NEAR Protocol (NEAR)
NEAR Protocol is another cryptocurrency that Prithvir recommends for potential gains amidst the AI catalysts.
NEAR’s strong brand value, good liquidity, and innovations in other sectors such as Chain Abstraction make it an attractive option for investors looking to capitalize on the AI trend. 
As the cryptocurrency market prepares for a series of AI announcements in the coming month, investors are keen to identify tokens that could benefit from these catalysts. Render, Arweave, and NEAR Protocol have emerged as top contenders, each offering unique value propositions and the potential for substantial gains.
#altcoins #MemeWatch2024

Toncoin's inactive circulation remained subdued, indicating a decrease in selling pressure. TON investors celebrated its performance relative to Bitcoin.
Toncoin (TON) has shown better performance than Bitcoin (BTC) in recent days. TON has increased 21.36% over the past 7 days and 4.98% over the past 24 hours, according to data from CoinMarketCap. Meanwhile, BTC is down 2.84% over the past week and up 2.26% over the past 24 hours.
TON’s social volume increased by more than 20% compared to last week, a highlight in the cryptocurrency market. Is it likely that this trend will continue? However, some of the previous highest indexes have not moved significantly so far.
TON’s social volume has been decreasing for a while but has rebounded since May 1. The price has also recovered from a drop from $7 to $4.6 since that date.

Source: Santiment
During this time, sentiment was positive in the community but negative in the press, suggesting that there are rising concerns in the Toncoin market. The average age of dollar investments has gradually increased over the past month, suggesting accumulation is taking place.
The number of inactive tokens has remained minimal throughout the past month. This data recorded a spike on April 10 and there has been no further growth since then. This spike coincides with the local peak of TON.
Therefore, traders and investors can observe data about inactive tokens. A rapid and large spike may indicate that a local peak may have formed.

Source: TON/USDT on TradingView
Relative strength compared to Bitcoin is an important factor, and TON has demonstrated much of that strength. TON’s performance in May among the top 10 assets by market capitalization will continue to encourage buyers. While Bitcoin falls below $60k and faces another rejection, TON could surge higher.
Fibonacci levels show that the potential for further upside is positive. Breaking above the 78.6% retracement level means the downtrend to $4.60 could no longer see new lows and the price could be heading towards the Fibonacci extension levels towards the upside. The 161.8% and 200% extensions at $9.61 and $10.8 are technical targets that investors can expect.
#ton_blockchain #buythedip

The world of cryptocurrency is always brimming with new coins, waiting for investors to interact with them to the fullest. The current onset of the market is favoring a new wave of crypto coins, particularly the new meme tokens that have already distributed robust returns to their investors.
Here are the top three cryptocurrency gems for newcomers that are easy to trade in May to extract lucrative returns. 
Top 3 Coins for Newcomers: A Perfect Bargain for May
#1- BONK
BONK is one of the most promising coins in the cryptocurrency market. The token was launched as a dog-inspired token on Solana and gained incredible momentum soon after its launch in the mainstream market. BONK describes itself as a people’s coin, helping people avail themselves of a fair shot in the domain of crypto. 
Per CoinCodex, the month of May may prove significant for BONK as the token may note a stellar price hike of nearly 200% to trade at $0.00008230. 
“According to our current Bonk price prediction, the price of Bonk may rise by 228.38% and reach $0.00008230 by June 9, 2024. Per our technical indicators, the current sentiment is bearish, while the Fear & Greed Index is showing 66 (greed). Bonk recorded 16/30 (53%) green days with 20.17% price volatility over the last 30 days.”
#2: Pepe
Pepe is the latest obsession in the cryptocurrency market. The token is a Web3 iteration of the popular Pepe the Frog meme on the internet. Launched in January, the token gained massive momentum in 2022, with its market cap metrics breaching 1.5 billion. Per CMC, Pepe is a deflationary meme coin launched on Ethereum and aims to shape its ecosystem like its contemporaries in the space, notably Dogecoin and Shiba Inu. 
Pepe has surged nearly 340% in a year to trade at $0.000008596 at press time. The token may spike by 200% by the end of May, making it an appealing crypto coin to hold and purchase for a long time. 
“According to our current Pepe Coin price prediction, the price of Pepe Coin may rise by 227.64% and reach $0.00002838 by June 9, 2024. Per our technical indicators, the current sentiment is bullish, while the Fear & Greed Index is showing 66 (greed). Pepe Coin recorded 19/30 (63%) green days with 16.91% price volatility over the last 30 days.”
#3: DogWifHat
DogWifHat is another promising meme token attempting to gain a central spotlight in the space. The token was launched in November 2023 and, since then, has ascended to new popularity and price levels. The token has surged nearly 1760% in the past six to eight months and is poised to scale higher due to its groundbreaking popularity within the crypto circuit.
Per CoinCodex, DogWifHat may rise to $10 in May, making it one of the most promising coins to hold near one’s heart. The token may spike by 200% by the end of May to disseminate stellar returns to its holders. 
The price of Dogwifhat is predicted may rise by 224.78% and reach $10.16 by June 9, 2024. Per our technical indicators, the current sentiment is bearish, while the Fear & Greed Index is showing 66 (greed). Dogwifhat recorded 15/30 (50%) green days with 10.64% price volatility over the last 30 days.
#Memecoins #MicroStrategy

We've witnessed the emergence of Web 1.0, Web 2.0, and now the Web 3.0 generation has also been formed with many new applications in life. So, what is Web3? Let's explore the article below from AZC.News to find the answer!
In the 21st century, the continuous development of technology has unlocked numerous potentials for the Internet, with web platforms evolving gradually through different generations. We’ve witnessed the emergence of Web 1.0, Web 2.0, and now, the advent of Web 3.0, bringing forth various new applications in our lives. So, what exactly is Web3.0? Let’s delve into the article below from AZC.News to find the answers!
What is Web3?
Web3.0 is a term used to refer to decentralized Internet networks, where data isn’t stored on central servers but distributed across various nodes globally. Web3.0 promises greater independence, security, and personalization for users by eliminating reliance on traditional intermediary organizations and fostering a more automated online business and transaction environment.
In Web3.0, applications based on blockchain technology are commonly used to verify and record transactions publicly and immutably, thus enhancing transparency and ensuring data integrity. Services and applications in Web3.0 are often built on open and standardized protocols, facilitating easier development and integration.
Web3.0 represents a novel internet network trend, focusing on decentralization, transparency, and automation, opening up new potentials for how we interact online and conduct transactions on social networking platforms.
Development Phases of the Web
Web 1.0 (1989-2004)
During this phase, websites were primarily static documents, lacking interactivity with users. Interfaces were often simple, and design wasn’t a focal point. Content mainly comprised information and knowledge, with no media like images or videos. Search engines like Yahoo! and AltaVista gained popularity. The concept of social networking wasn’t developed, hence no social interaction as today. Web 1.0 laid the groundwork for subsequent versions.
Web 2.0 (2004 – present)
Web 2.0, a continuation of Web 1.0, introduced user interaction. It transformed the Internet into a platform for multimedia online applications, social networking sites, blogs, and other web services where users could interact and share content. Features like web-based applications (e.g., Gmail, Google Maps), social networking sites (e.g., Facebook, Twitter), and cloud technologies became prevalent. Web 2.0 thrived on user interaction, contribution, and content distribution, fostering the growth of online communities.
Web 3.0
Web 3.0 represents a new internet environment based on emerging technologies like blockchain, smart contracts, and distributed computing. Its emphasis lies on decentralization, security, and data ownership for users. In Web 3.0, users will have complete control over their data and its usage, rather than large tech companies controlling and exploiting this data.
Applications in Web 3.0 are often decentralized, where information is stored and processed across multiple nodes in the network, instead of being centralized on a single server. Blockchain and smart contracts are key technologies driving the development of Web 3.0, providing transparency and security for online transactions and creating a decentralized, safer internet environment.
Key Components of Web3
Blockchain: A distributed database storing information across network nodes without a central point. Each data block in blockchain is linked to the previous one via encryption, creating an immutable chain, ensuring data immutability and enhancing transparency in online transactions.Smart Contracts: Self-executing computer programs containing contract terms written in code. They run automatically and cannot be altered once deployed on the blockchain. Smart contracts automate transaction processes and eliminate reliance on third parties.Distributed Computing: In Web 3.0, distributed computing is crucial, where computation and data storage are distributed across multiple nodes in the network. This eliminates dependence on central servers and creates a distributed and secure data environment.Privacy and Data Ownership: Web 3.0 places particular emphasis on user privacy and data ownership. Users have complete control over their personal data and how it’s used, rather than being controlled and exploited by large companies.Decentralized Applications (DApps): DApps are applications built and deployed on blockchain or distributed networks. They don’t require a central server and often have higher security and transparency compared to traditional applications. DApps provide independence and freedom for users to interact with online services.
Characteristics of Web3
Decentralization: Web3 focuses on distributing ownership and control among individuals and organizations rather than centralizing power in a few large entities.Permissionless: People have the right to access and participate in Web3 without approval from any organization, fostering favorable conditions for development and innovation.Separate Payment System: Web3 uses cryptocurrencies as the primary means of payment, independent of traditional banking payment infrastructure.Trustless: Web3 builds on technologies and economic mechanisms rather than relying on trust in third parties, enhancing transparency and security.Artificial Intelligence (AI) and Machine Learning: Web3 utilizes technologies like Semantic Web and machine learning to understand and process information, providing a powerful and personalized online experience.Connectivity: Web3 facilitates easier access to information and data through various interconnected applications and devices, creating a strong and diverse connection environment.Open Source: Web3 applications are built as open-source, encouraging contributions from the community, programmers, and development groups, creating conditions for comprehensive development and creativity.Diversity: Web3 brings the Internet to everyone, everywhere, through IoT technology, opening up potential for smart applications and diverse connections.
Advantages and Disadvantages of Web3
Advantages
Decentralization: Web3 eliminates dependence on intermediary organizations, creating a decentralized environment where power and control are more widely distributed.Security and Privacy: Using blockchain and data encryption enhances safety and security, preventing cyberattacks and information fraud.Transparency: Transactions recorded publicly on the blockchain create transparency and fairness, helping prevent fraud and corruption.Financial Potential: DeFi opens up new opportunities in finance, allowing people to access financial services without the intervention of intermediary organizations.Community Engagement: Web3 encourages community participation in network management and development, creating a fairer online environment.
Disadvantages
Instability: Many new Web3 technologies are still in the development and testing phase, facing challenges regarding performance and stability.Energy Consumption: Some blockchain platforms consume a significant amount of energy for transactions, contributing to climate change issues.Accessibility: Currently, using and accessing Web3 is still quite challenging for ordinary users, especially those lacking technology knowledge.Security Issues: Despite blockchain’s perceived safety, there’s still a risk of attacks, especially 51% attacks and information vulnerabilities.Risk Management: Due to the volatile nature of the cryptocurrency market, investing and using DeFi can bring high returns but also high risks.
Future of Web3
Web3 is seen as the future of the Internet, creating a decentralized, transparent, and secure online environment. Web3 uses blockchain technology and other decentralized protocols to create applications and services that users can interact with without needing to trust a third-party intermediary.
Some future trends in Web3 include:
Decentralized Platforms: Platforms like Ethereum, Polkadot, and Cosmos will continue to develop and expand, offering the ability to create a diverse range of decentralized applications.Digital Assets and NFTs: The popularity of digital assets and NFTs is expected to continue growing, opening up new opportunities in art, education, and e-commerce.DeFi Development: DeFi will continue to expand and diversify, providing widely accessible financial services without the intervention of intermediary organizations.Security and Privacy: Web3 will continue to focus on improving security and privacy, especially in handling personal and financial data.Decentralized Networks: The development of decentralized networks will help minimize dependence on traditional service providers and enhance the diversity and scalability of the Internet.
However, there are also challenges and issues to address in deploying Web3, including scalability, interoperability, and risk management. This requires collaboration between developers, businesses, and regulatory bodies to ensure that Web3 develops in a sustainable and beneficial direction for everyone.
4 Potential Coins of Web3 to Consider
Ethereum (ETH): Ethereum is not only a cryptocurrency but also a popular platform for developing decentralized applications and smart contracts. With the advent of Ethereum 2.0, addressing transaction fee issues and scalability, Ethereum continues to be considered one of the potential platforms for Web3.Polkadot (DOT): Polkadot is a blockchain platform built to connect multiple individual blockchains into one large ecosystem. Founded by Gavin Wood, one of the co-founders of Ethereum, Polkadot has garnered significant attention from the community and is seen as a potential project in the Web3 field.Chainlink (LINK): Chainlink is a project providing solutions between smart contracts and off-chain data through “Oracles”. Playing a vital role in connecting blockchain projects with off-chain data and the real world, Chainlink is considered one of the promising projects in the Web3 industry.Filecoin (FIL): Filecoin is a decentralized storage platform based on blockchain, allowing users to buy and sell storage services and access data. With a large ecosystem and potential to promote decentralized storage and data management, Filecoin is considered one of the promising coins in the Web3 field.
Conclusion
Web3 is not just a significant step in the development of the Internet but also a great opportunity for innovation and business growth. By eliminating reliance on intermediaries and creating a decentralized environment, Web3 is opening up new potentials for a more interactive, secure, and transparent Internet than ever before.
#Web30 #DYOR2009-2013🟢.

If you're looking for an efficient investment strategy for coins without having to worry about timing the market, let Cryptocurrency introduce you to a simple yet highly effective method called Dollar-Cost Averaging (DCA). So, what is DCA? Let's find out with AZC.News right away!
What is DCA?
DCA stands for Dollar-Cost Averaging, a strategy where you invest a fixed amount into a specific investment at regular intervals, typically monthly or quarterly, regardless of the price of the Coin.

The DCA strategy helps minimize the impact of asset value fluctuations during the investment process. Instead of trying to time the market by investing heavily at a specific point when the market is either surging or plummeting, investors use DCA to spread out the risk. By investing regularly, they can buy assets regardless of whether the price is high or low, creating an average price over time.
The simple formula to calculate DCA is as follows:
Average purchase price = (Total investment value at each purchase) / (Total quantity of Coins/Tokens purchased)
For example, if you want to invest $100 per month, you will invest $100 each month, regardless of the Coin price. This helps you accumulate Coins regularly over time and mitigate the risk of investing the entire amount at a specific point in time.
Common Forms of DCA

Fixed Amount Investing: Investing a fixed amount into an asset regularly, such as every month or quarter, regardless of the asset’s price.Value-Based Investing: Instead of buying a fixed quantity, investors buy a fixed value of the asset based on its price at the time. This means they buy less if the price rises and more if it falls.Buying Fixed Amounts on Dips: Investing a fixed amount into an asset only when its price drops below a certain threshold. This allows investors to buy more when the price is low and less when it’s high.Random Investing: This involves buying assets randomly without a fixed plan. Investors can buy assets at any time without trying to “time” the market.
Each form of DCA has its own pros and cons, and the choice depends on the goals and specific investment strategy of each investor. Therefore, investors should consider selecting the DCA strategy that best suits their needs to maximize profits.
Implementing DCA Effectively in Crypto Investment

Applying Dollar-Cost Averaging (DCA) when investing in cryptocurrencies can be a useful strategy to minimize risk and increase profit potential over the long term. Below are the steps for effective DCA into crypto investment:
Select Specific Assets: First, identify the type of crypto you want to invest in. With hundreds of different cryptocurrencies available, research thoroughly and select projects you believe in and that have growth potential in the future. You can refer to lists of Coins on CoinMarketCap or Coingecko.Determine Frequency and Amount of Investment: Decide on the frequency of investment, whether weekly, monthly, or according to another schedule depending on your strategy. Then, decide the amount of money you want to invest each time.Set Up Buying Schedule: Determine the day and time for each buying cycle. This could be a fixed day every week or month, or you could choose a day based on other factors such as market volatility or significant events.Execute Transactions: Whenever it’s time to buy, execute the purchase of Crypto with the predetermined amount. You can use popular cryptocurrency exchanges to carry out these transactions.Record and Evaluate Results: Record each purchase transaction, including the purchase value and quantity of crypto bought. Monitor and evaluate the performance of your DCA strategy regularly to adjust if necessary.Stick to the Plan: Most importantly, maintain patience and stick to your plan regardless of market fluctuations. This helps you avoid panic and ensures that you continue to invest sustainably.Risk Management and Profit-taking: While DCA is relatively safe, it still carries risks. If the price of the asset you’re investing in drops below your acceptable level, be prepared to cut losses. Conversely, when you reach your desired profit level, don’t try to be greedy and hold indefinitely. The market could continue to rise, but it could also fall. Managing emotions and not letting greed dominate will help you effectively maintain the DCA strategy. Following the plan is a wise decision and helps you maintain a long-term mindset in the market.
Advantages and Disadvantages of DCA
Advantages

Risk Reduction: DCA helps diversify risk by investing small amounts regularly into the market over time, minimizing the impact of price fluctuations.Simplicity and Ease of Implementation: DCA doesn’t require perfect market timing or prediction. Investing regularly and automating the process can simplify the investment process.Financial Planning Support: DCA allows investors to plan their long-term finances more easily by quantifying the amount of money invested in the market each month or quarter.
Disadvantages

Missed Opportunities for Lowest Buys: In some cases, DCA investing might cause investors to miss out on opportunities to buy at the lowest prices, especially during significant market fluctuations.Potentially Lower Performance: In some scenarios, timing the market based on predictions might yield larger profits compared to DCA.Market Dependency: The performance of DCA heavily depends on the overall market trend. In a bullish market, DCA might yield lower returns compared to a lump sum investment.
Key Considerations When Using Dollar-Cost Averaging

Define Investment Goals: Clearly define your investment goals before applying Dollar-Cost Averaging. This helps you create a specific plan and optimize investment performance.Determine Monthly Investment Amount: Decide on the fixed amount you will invest monthly. Ensure this amount doesn’t adversely affect your personal financial situation.Monitor the Market: Keep track of market fluctuations to have a comprehensive overview of trends and market conditions. While Dollar-Cost Averaging is a long-term investment strategy, understanding the market can help you adjust your plan if necessary.Set a Time Limit: Establish a specific timeframe for maintaining the DCA strategy. This helps you avoid “sticking” to the strategy without a specific plan for withdrawal or change.Diversify Investment Portfolio: Diversify your investment portfolio to minimize risk. Invest not only in one type of asset but allocate your funds into different types of assets.Practice Patience: DCA is a long-term strategy that requires patience and perseverance. Prepare yourself for market volatility and don’t let emotions affect your investment decisions.
Conclusion
Overall, Dollar-Cost Averaging (DCA) not only helps minimize risk and average asset prices over time but also provides convenience and ease of implementation. By applying the Dollar-Cost Averaging DCA strategy in Crypto Trading, you can progress further on the investment path and build a solid financial future.
#CryptoWatchMay2024 #buythedip

Introduction:
In the dynamic landscape of cryptocurrency, uncovering the next big investment opportunity requires a keen eye for innovation and potential. Join us on an exploration of five standout tokens poised to make waves in the digital asset space: Renzo, BounceBit, Saga, Tensor, and Wormhole. From cross-chain interoperability solutions to decentralized finance platforms and stablecoin innovations, these tokens represent the forefront of cryptocurrency technology. Prepare to delve into the details of each project, uncovering their unique value propositions, price trends, and predictions for the future. Join us as we navigate the exciting world of cryptocurrency investing and discover the hidden gems within.

Let's start with Renzo:
Renzo (RENZO):Project Details: Renzo aims to create a decentralized platform for cross-chain token swaps and liquidity provision. It facilitates seamless interoperability between different blockchain networks.Price Trends: Renzo has shown steady growth since its launch, with an increasing demand for cross-chain solutions in the crypto space.Predictions: With its unique offering and growing interest in interoperability, Renzo is poised for further growth in May 2024, especially if it continues to expand its network of supported blockchains and gain traction among users.
Next up is BounceBit:
BounceBit (BBit):Project Details: BounceBit is a decentralized finance (DeFi) platform built on the Binance Smart Chain (BSC). It offers various DeFi services such as yield farming, decentralized exchanges (DEX), and liquidity pools.Price Trends: BounceBit has experienced volatility in its price, typical of many DeFi tokens. However, its strong community support and innovative features have contributed to its overall growth trajectory.Predictions: As DeFi continues to evolve and gain mainstream adoption, BounceBit is expected to see increased usage and demand. Its success will depend on its ability to maintain security, user experience, and innovation within the DeFi space.
Let's delve into Saga:
Saga (SGA):Project Details: Saga aims to create a stablecoin that is not pegged to any single fiat currency but instead relies on a dynamic algorithm to maintain stability. It aims to provide a reliable medium of exchange and store of value in the cryptocurrency ecosystem.Price Trends: Saga's price stability is a key aspect of its design, aiming to minimize volatility compared to other cryptocurrencies. Its value remains relatively steady over time, reflecting its stability-focused approach.Predictions: As the demand for stablecoins continues to rise, especially those offering innovative stability mechanisms, Saga is likely to attract more attention and adoption. Its ability to maintain stability and adapt to market dynamics will be crucial for its success in May 2024.
Let's proceed with Tensor:
Tensor (TNSR):Project Details: Tensor is a decentralized oracle network that provides off-chain data to smart contracts on various blockchain platforms. It aims to bridge the gap between the blockchain and the real world by securely and reliably delivering external data.Price Trends: Tensor's price dynamics are influenced by its role in the broader DeFi ecosystem and its ability to provide accurate and timely data to smart contracts. As the demand for decentralized oracle solutions grows, Tensor's value proposition becomes increasingly significant.Predictions: Given the critical role of oracles in enabling DeFi applications, Tensor is expected to see continued growth and demand. Its success will depend on its ability to maintain data integrity, security, and decentralization while scaling to meet the needs of the growing DeFi ecosystem.
Let's explore Wormhole:
Wormhole (WHL):Project Details: Wormhole is a decentralized bridge protocol that enables token transfers and communication between different blockchain networks, such as Ethereum, Binance Smart Chain, and others. It aims to facilitate interoperability and cross-chain functionality in the cryptocurrency space.Price Trends: Wormhole's price is influenced by its role as a bridge between different blockchain networks and the demand for interoperability solutions. As the need for seamless token transfers between blockchains grows, Wormhole's value proposition becomes increasingly important.Predictions: With the rise of multi-chain ecosystems and the demand for cross-chain interoperability, Wormhole is expected to see growing adoption and usage. Its success will depend on its ability to provide efficient and secure cross-chain solutions while maintaining decentralization and trustlessness.
#CryptoWatchMay2024 #dyor