Some things I've learned after hodling bitcoināÆāÆāÆ since early 2017
1. Never believe anyone's price predictions. 2. Don't "diversify" into other cryptos; none of them are actually decentralized, everything except bitcoin is a shitcoin (yes, really), and it's all gambling. The point of bitcoin is not gambling, but to end modern day slavery (fiat currency). 3. When everyone you know is talking about bitcoin, you're at the top of a bull market. You'll likely be too exuberant to realize it though. It will be obvious in hindsight. 4. Don't "trade some altcoins on the side to get more bitcoin". You are not that smart, and the overwhelming probability is that you will get wrecked. 5. DCA into bitcoin. Ignore your emotions. Don't try to time the market. Just stack what you can every paycheck. 6. Don't be too excited about bitcoin; people will feel like you're scamming them even though you're just trying help. 7. Go to meetups & conferences. Don't be isolated. Bitcoiners are generally very awesome people. 8. When people ask you about how to buy bitcoin, send them to a BITCOIN-ONLY company. Example for why: My cousin bought bitcoin (on Coinbase) during the bull market, then sold it for shiba on the same platform and now she pretty much lost everything. Bitcoin-only companies are the safest option to keep newbies from doing newbie things. 9. Be on #bitcoināÆāÆāÆ twitter and nostr. Obviously if you're reading this, you're already here...but I didn't get on twitter until 2020 and can tell you that it's a lot less lonely hodling bitcoin when you see a bunch of other people on this platform experiencing the same things you are. 10. Be skeptical of influencers. Even me (I'm not a huge account, but still). Some are good, some are bad. Even if they have good intentions, their judgement can be clouded by bad incentives. 11. Stop trying to convince everyone you know that bitcoin will make everything better (even though it will). Instead, be a good resource for the people who eventually reach out to you about it. Be known as "the bitcoin guy" and let people come to you when they're ready. Have good content prepared for them to read/watch when they do. That is all. It's been a great ride so far and I'm happy to know you guys. #bitcoin #dyor #crypto2023
Finance experts predict Bitcoin price for Halloween 2024
Despite cryptocurrency investorsā high hopes in the weeks leading up to October, the start of the month ā historically notable for the strong performance of digital assets ā Bitcoin (BTC) has been trading lower at the beginning of the month. Indeed, after seemingly breaking the trend of lower highs followed by lower lows ā an event that hinted at a possible rally toward $70,000 BTC experienced a sharp price crash on October 2. However, it recovered to $64,197 thanks to a strong rally on the morning of October 7. To be precise, the worldās premier cryptocurrency dropped from over $64,000Ā to just under $61,000Ā as Iran unleashed one of the biggest missile attacks against Israel in retaliation for a string of assassinations carried out against the countryās allies and officers.
BTC 7-day price chart. Source: Finbold Along with causing an immediate price drop, the assault alsoĀ cast doubtĀ on Bitcoinās role as a safe haven asset as investors fled from the digital asset and into gold amidst fears of unprecedented.Ā Still, the cryptocurrency markets are nothing if not full of surprises. With Bitcoin slowly recovering from the plunge and āUptoberā well underway, Finbold consulted several prominent experts on where BTC might stand on Halloween 2024. Ben Sporn Ben Sporn, the CEO ofĀ Joy Wallet, started his analysis by acknowledging the ever-present difficulties of predicting Bitcoin prices. Nonetheless, reflecting on the coināsĀ strong finish in SeptemberĀ and current trends, especially given the cryptocurrencyās historical track record, Sporn estimated BTC might end October between $65,000 and $70,000. Honestly, predicting Bitcoinās price is always a bit of a wild ride, but based on what Iām seeing, I think we could be looking at a pretty strong finish for October. Given Bitcoinās historical track recordāwhat everyone calls āUptoberāāand the recent momentum from closing September in the green, I wouldnāt be surprised if we see it push higher, possibly into the $65,000 to $70,000 range by Halloween. When discussing historical prices, the CEO drew particular attention to Bitcoinās 40% rally during October 2021, but also warned that there is always room for surprises. Tim Morris Tim Morris, the CEO ofĀ ForexMT4Indicators, explained he has been tracking Bitcoinās performance closely and estimated ā after considering cyclical trends, technological developments focused on scalability and security, the benefits of regulatory clarity, and macroeconomic factors like inflation concerns ā that BTC will trade between $60,000 and $70,000 by Halloween 2024. Iāve noticed that after previous halving events, Bitcoinās price experienced substantial growth within 6 to 12 months. I think this pattern will repeat, especially as institutional adoption continues to rise. Iāve seen major financial institutions showing increased interest in Bitcoin, and I believe this could significantly boost market confidence. Michael Matthew The owner ofĀ HodlMaven,Ā Michael Matthew, similarly pointed toward growing institutional adoption, exchange-traded fund (ETF) inflows, changes to inflation and interest rates, and the lingering effects of theĀ April halvingĀ when setting his $72,000 price target. With a price target of $72,000 by the end of October 2024, Bitcoin presents a compelling buy opportunity. Matthew also backed his forecast ā a target that would, if reached, mean that Bitcoin is just $1,000 away from its all-time high (ATH) ā by noting that āUptobersā have historically caused BTC to rise an average of 22%. Stephen Maitland Quoting highly similar factors and particularly highlighting the lingering effects of the April halving and institutional interest, Stephen Maitland, the owner and investment research manager atĀ Gold IRA Investment Guy, set a highly bullish but wide BTC Halloween price target: I project Bitcoin could land between $65,000 and $85,000 by Halloween 2024. With factors like the April 2024 halving and continued institutional interest around Bitcoin ETFs, prices are poised for a potential upward trend, similar to previous bullish Octobers. Finally, despite the optimistic forecast, Maitland also warned that the cryptocurrency markets are known to be volatile and major surprises are perpetually possible. Adam Garcia Adam Garcia, the founder ofĀ Stock Dork, has meticulously built his bull case for Bitcoin in October. To begin with, Garcia explained cryptocurrencies tend to operate in cycles, with September usually being filled with profit-taking and October with institutions going on a buying spree. He also commented that the seasonal rallies can be viewed from a standpoint of scarcity: Relating back to the previous point about the fact that BTC has a limited stock along with what was previously explained regarding the recent halving affecting miner rewards, the yearly price changes in October can thus be viewed from the perspective of scarcity. With an increasing number of holders expecting a future appreciation in prices, the normal, buy at the low and sell at the high mannerism comes into play. It starts creating a psychological flywheel effect. Still, though it, in many ways, followed the common patterns of analyzing Bitcoinās likely performance during āUptober,ā Garciaās assessment featured one major surprise. To be specific, the founder estimated that recent momentum and likely opportunities for institutional activities are likely to lead BTC to a major downturn and that the cryptocurrency will trade somewhere between $35,000 and $55,000 by October 31.
3 cryptocurrencies to avoid trading this week amid unlocks
Three cryptocurrencies will unlock nearly $150 million worth of tokens, potentially flooding the market with increased supply pressure. Speculations on the outcome of such massive inflation could bring uncertainty and increase the risks of trading these tokens. Indeed, on October 6, Finbold accessedĀ dataĀ fromĀ TokenUnlocksApp, showing that 14 cryptocurrencies will unlock $203.48 million this week. Aptos (APT), Eigen Layer (EIGEN), and Optimism (OP) will be responsible for 72.8% of these unlocks, totaling $148.97 million. Usually, token unlocks come from vesting contracts that originate from a projectās private funding rounds or public launch. They represent the opportunity for early investors and contributors to realize their profit, withĀ new buyers being the exit liquidity.
Cliff Unlocks Next Seven Days. Source: TokenUnlocksApp / Finbold Aptos (APT) to unlock nearly $100 million In particular, Aptos dominates this weekās unlocks by a large margin, unlocking $97.26 million worth of tokens. This represents nearly 50% of the over $200 million in assets that will become liquid and soon reach the market. Precisely, the blockchain protocol created by former Meta (NASDAQ:Ā META) engineers will release 11.31 million APT on October 11. The tokens will be distributed between the Foundation, Community, Core Contributors, and Investors.
Aptos (APT) unlock distribution on October 11, 2024. Source:Ā TokenUnlocksAppĀ / Finbold This unlock warning comes exactly one week after Aptoās direct competitor, Sui (SUI), unlocked over $100 million in tokens. FinboldĀ reportedĀ the event that raised concerns among known market participants who highlighted the exit liquidity dynamics. Avoid trading EIGEN and OP amid unlocks this week In the meantime, the recently launched Eigen Layer and Optimism are the second and third highest unlocks this week, respectively. The first will unlock 9.93 million EIGEN, worth $31.88 million, on October 8. Meanwhile, Optimism will unlock 8 million OP worth $12.72 million on October 10.
EIGEN and OP unlock distributions in October, 2024. Source:Ā TokenUnlocksAppĀ / Finbold Overall, cryptocurrency tokens have been used to fundraise startups and give early investors easy exit liquidity. The Eigen recent airdrop, for example, illustrates what can happen when the community does not keep the momentum going. Notably, Justin Bons believesĀ the crypto market is ādominated by predatory VCs,āĀ as Finbold reported in June. The founder and CIO of Europeās oldest cryptocurrency fund explained how it completely changed the game of investing in cryptocurrencies. āFundraising in crypto used to be democratized; anyone could participate on equal terms Now, the market is dominated by predatory VCs instead!āā Justin Bons So, while the exit liquidity is welcomed by highly capitalized institutional players who can participate in private rounds, retail investors are mostly punished by entering projects with plenty of incoming unlocks as they become the exit liquidity.
Len Sassaman: Could He Be Satoshi Nakamoto? And What About His Dog, Remus Gargoyle?
The mystery surrounding the true identity of Satoshi Nakamoto, the creator of Bitcoin, has intrigued the world for over a decade. Now, an upcoming HBO documentary is set to make waves, with multiple sources reportedly confirming that Len Sassaman, the renowned cryptographer and privacy advocate, could be the person behind the pseudonym. But thereās an unexpected twist thatās piquing the interest of manyāhis loyal black French bulldog, Remus Gargoyle. Len Sassamanās Legacy in Cryptography Len Sassaman was no stranger to the world of cryptography. A leading figure in the cypherpunk movement, Sassaman was dedicated to protecting digital privacy and anonymity. His work on Mixmaster, an anonymous email remailer system, is a testament to his commitment to personal freedom in the digital age. These ideals strongly mirror those embedded in the creation of Bitcoin, which advocates for decentralized control and user anonymity. For years, Sassamanās name has floated in speculative conversations around the true identity of Satoshi Nakamoto. His deep understanding of cryptography, his connections within the privacy community, and the fact that Satoshiās last known communication ended in 2010, shortly before Sassamanās tragic passing in 2011, have fueled this speculation. But now, the upcoming HBO documentary promises to take these rumors to the next level, with potential new evidence linking Sassaman directly to Bitcoin's creation. Remus Gargoyle: Len Sassamanās Constant Companion An unexpected detail gaining attention in this ongoing story is Len Sassamanās black French bulldog, Remus Gargoyle. Those who knew Sassaman personally often recall the presence of Remus by his side during his long hours of cryptographic work. Whether Sassaman was developing privacy-enhancing technologies or (as some now speculate) working on Bitcoin itself, Remus was a loyal companion. Remus Gargoyleās strong presence in Sassamanās life adds an intriguing and humanizing layer to the narrative. Itās not just about cryptography and Bitcoināitās about a man and his bond with his faithful dog. For those searching for stories about Len Sassaman's dog, Remus, theyāll find a quiet, dedicated presence in the life of a man who may have shaped the future of digital finance. The HBO Documentary and Whatās Next The upcoming HBO documentary is set to shed light on Len Sassamanās life and his potential role as Satoshi Nakamoto. While the documentary has yet to be released, early reports suggest that multiple sources have confirmed Sassamanās involvement in the creation of Bitcoin. If these claims hold, it would answer one of the most enduring mysteries in tech and finance. As the world awaits the documentaryās release, the story of Len Sassaman and his dog Remus Gargoyle continues to capture the imagination of many. Whether Sassaman is truly Satoshi or not, his contributions to cryptography and his legacy as a defender of privacy remain undeniable. And standing by his side through it all was Remus Gargoyle, a loyal friend in a world of digital secrets. Chart : https://www.dextools.io/app/en/solana/pair-explorer/Eo37p7o2eBYds9wR5Ns3sKgpJbKGVje3bXzZzbNKkUny?t=1728259944053 Website : remusgargoylecto.com/ Telegram : @RemusonsolCTO
In the ever-evolving world of cryptocurrency, meme coins have carved out a unique space, offering communities a fun yet profitable way to engage with digital assets. One such emerging project is Suiman, which blends humor and community spirit with real utility. Below, we explore the key features of the Suiman project and why itās gaining momentum among investors. What is Suiman? Suiman is not just another meme coin; itās a project built on a vision of creating an engaging and rewarding ecosystem for its community. Unlike typical meme coins that rely solely on hype, Suiman focuses on building sustainable growth by offering users utility through its tokenomics and ecosystem features. The project is driven by an active and growing community, emphasizing transparency and inclusiveness in its development process. With a bold mascot and a clear roadmap, Suiman positions itself to stand out in the meme coin space while attracting both new and seasoned investors.
Unique Features of Suiman 1. Community-Centric Approach Suiman prioritizes its community above everything. By actively involving its users in decision-making and project development, it ensures that the token holders are not just passive investors but active participants in the projectās growth.Ā
2. Innovative Tokenomics At the heart of Suimanās growth strategy lies its innovative tokenomics. The tokenomics are designed to foster long-term holding while ensuring liquidity. With mechanisms that reward holders, encourage staking, and provide deflationary benefits through burns, Suimanās tokenomics structure offers long-term sustainability for the project. Burned by dev 10% tokens 3. Dedicated Development Team Suimanās success is backed by a team of developers who are constantly working to enhance the ecosystem. From technical upgrades to marketing strategies, the team remains committed to expanding Suimanās reach while ensuring a seamless user experience. Transparency from the team ensures that all project developments are communicated openly with the community. Suimanās Listing on CoinMarketCap A significant achievement for Suiman was its recent listing on CoinMarketCap (CMC). This listing provides increased visibility and serves as a critical milestone in the project's roadmap. Being listed on such a reputable platform elevates Suiman's credibility within the crypto space and makes it more accessible to a broader audience. You can view the CMC listing https://coinmarketcap.com/currencies/suiman/
This listing opens the door for further growth, as it exposes Suiman to potential investors who rely on CMC to discover new projects. Suimanās CMC debut signals its readiness for more significant market expansion and shows the growing confidence in its potential.
Why Suiman Has Growth Potential While many meme coins rely on short-lived hype, Suiman is taking a different approach by building a sustainable ecosystem that appeals to long-term holders. Hereās why Suiman stands out in terms of growth potential: Solid Community Support: The strong community behind Suiman, coupled with active engagement across platforms like Telegram and Twitter, ensures continued momentum and interest in the project.Transparent Roadmap: The Suiman team has outlined a clear and actionable roadmap, focusing on token utility, further exchange listings, and collaborations that will drive the project forward.Expanding Ecosystem: Suimanās development team is actively working on expanding the project's ecosystem, ensuring that the token has real-world use cases and appeal beyond just being a meme coin. SOC :Ā X :Ā @suimanmeme Tg Portal : @SuimanPortal Website :Ā suiman.xyz/
7 Hot Meme Coins and Altcoins that are Trending in 2024
Anyone trading crypto for a while will have come across meme coins. And as bizarre as some may seem ā considering the vast majority provide no utility ā some investors canāt resist the urge to buy in. If youāre one of those curious traders on the hunt for a good memecoin deal, we have the scoop for you. Similarly, if you want altcoins to watch, stay with us. This article covers the top meme coins and altcoinsĀ trending for 2024.Ā
What are meme coins? AĀ meme coinĀ is a cryptocurrency that is inspired by an online meme. These types of coins are usually promoted on social media via influencers and celebrities.Ā Many meme coins are produced as a joke, and most do not offer any utility or real-life value. In addition, they are highly speculative, meaning they come attached with plenty of risks. When meme coins come to mind, most people likely think ofĀ DogecoinĀ orĀ Shiba Inu. However, many more similar cryptos have appeared since the market witnessed extraordinary gains with some of these top meme coins.
How many meme coins are there? There are more thanĀ 340 meme coinsĀ trading in the cryptocurrency market. The top meme coins, according to market capitalization, include Dogecoin (DOGE), Shiba Inu (SHIB), Pepe (PEPE), and Floki Inu (FLOKI). With the exception of PEPE, these are all themed around the doge meme. Despite there being a tonne of memecoins on the market, only a few are worth trading.
Top 10 Meme Coins To Invest In:Ā CoinPedia Bitcoin (BTC) and Ethereum (ETH) continue to lead the cryptocurrency market, holding 52.3% and 16.6% of the market share respectively. Meanwhile, meme coins are emerging as significant players, representing both memes and symbols of community-led achievements within the crypto arena. What are the meme coins and altcoins of 2024? The following coins were chosen for various factors, including market capitalization, popularity, and overall project success. We have included both memecoins and altcoins (alternative cryptos) in this list. 1.Ā Wall St. Memes (#WSM )
Wall St. Memes:Ā wallstmemes.com This project intends to build a community around its native token, $WSM, by providing members with exclusive benefits to reachĀ a $1 billion market cap. Some of these benefits include access to an upcoming merchandise store featuring caps, mugs, and clothing.Ā This token was inspired by the infamous Gamestop short squeeze, in which the underdogs challenged Wall Streetās stronghold.Ā It is part of a launch by that same movement, utilizing an already built-in and engaged community. The projectās creators describe its move toĀ tokenizationĀ as a symbol of the retail movementās resistance to Wall Streetās orchestrated monopoly on financial markets. Sponsored Sponsored 2.Ā Chimpzee (CHMPZ)
Presale stages:Ā Chimpzee The Chimpzee crypto sustainability project, notable for its meme coin format, recently announced the complete sell-out of its token sale.Ā Chimpanzee ($CHMPZ), a platform operating in the web space focused on impact, declared an impressiveĀ token burnĀ ofĀ 2 billion during its vesting period. AnĀ altcoinĀ as opposed to a meme coin, Chimpzee was born from its teamās desire to prevent animal extinction and ensure environmental progression.Ā The project has already helped plantĀ over 1,000 treesĀ to restore a rainforest. Furthermore, the project has donated $15,000 to the WILD Foundation to help protect one of the last herds of desert-adapted elephants. Chimpzee allows people to benefit while contributing to organizations that are helping fight climate change and save animals. Investors who want in on the activities are encouraged to follow the projectāsĀ Twitter/XĀ official account to stay updated before the official launch.Ā As for the future, roadmap plans include a Chimpzee store, DEX/CEX,Ā NFT minting, and more donations. 3.Ā Dogecoin (#DOGE )
Dogecoin (DOGE) is considered the king of all meme coins. And it has earned that title since it sits in the top 10 cryptocurrencies by market capitalization ($8.7 billion). Dogecoin debuted in 2013, initially intended as a joke about the doge viral meme featuring theĀ ShibaĀ Inu dog logo. Yet, with its unique twist on its branding and marketing campaign, the coin quickly received a massive social media following. Doge notably rose to fame in 2021 following a price surge fromĀ $0.00268Ā to its all-time high ofĀ $0.7316. The projectās success was largely due to online hype, as celebrities like Elon Musk began promoting the coin. Dogecoin soon became known as āthe peopleās cryptocurrency.ā OurĀ DOGE price predictionĀ suggested that in 2025, Dogecoinās average price will range from $0.15 to $0.20. We anticipate Dogecoin will maintain its relevance in the cryptocurrency market in the foreseeable future.
Based on data fromĀ CoinGecko, Shiba Inuās market capitalization currently stands atĀ $16,364,695,460Ā and is ranked #13 as of April 11, 2024. This substantial market cap indicates that the asset holds significant value in the eyes of the market. Soon after, Shiba Inu was dubbed one of the few ādogecoin killersā for its ability to outperform the king of meme coins. More recently, the project gained the marketās attention by announcing aĀ layer-2Ā plan to expand its ecosystem. The project boasts an astounding resume that includes its decentralized exchange (DEX), an NFT collection, aĀ Shiba EternityĀ game, a metaverse, and more. 5.Ā #Pepe (PEPE)
Launched in April 2023, pepe (PEPE) quickly rose to the dizzying heights of meme coin fame. The iconic Matt Furieās āPepe the frogā meme inspired the logo. Currently, Pepe Token (PEPE) holds the #2169 position onĀ CoinGecko, with a market capitalization ofĀ $1,548,335.Ā This market cap is calculated by multiplying the tokenās price with its circulating supply, which stands at 900 million tradable PEPE tokens. The team describes it as the āmost memeable meme coin in existence.
PEPE experienced a price surge of more than 4,000x back in 2023 that only showed testament to its enduring support. One investor notably purchasedĀ 5.9 trillion PEPEĀ with $27, which eventually turned into a whopping $1 million after the price increase. The maximum supply of PEPE is just overĀ 420 trillion. 2 hours before the pepe coinbase announcement, while sun bathing and looking at the pepe chart in my lovely garden, i texted a friend that pepe could flip shib in april. i could feel something in the air, but i didn't know what it was ā and my balls were tingling, but i didn'tā¦Ā pic.twitter.com/wV24pOtieZā intuitio (@intuitio_)Ā April 11, 2024 Furthermore, PEPE surged on Coinbase International after the crypto exchangeās offshore arm announced it would introduce a perpetuals market for the popular meme coin on April 18.Ā PEPEās valueĀ spiked nearly 10%Ā immediately following the announcement, although it later pared back most of these gains. This development has ignited hopes among traders that it might signal an upcoming spot listing for the fourth-largest meme coin, which boasts a market capitalization of $3 billion. Is PEPE set to lead the meme coin market in 2024? While the yearās full story remains to be seen, current trends suggest that the coin is on a bullish path. 6.Ā #Floki (FLOKI) According toĀ CoinGecko, as of April. 11, 2024, FLOKI is trading at $0.000032 (FLOKI/USD). FLOKIās circulating supply is at 9,554.85 billion.Ā and functions as a multi-chain ERC-20 and BEP-20ācompliant token. Contrary to the average meme coin, floki inu provides real-life use cases. Its main utilities include FlokiPlaces, FlokiFi, and Valhalla. The Valhalla is aĀ play-to-earnĀ metaverse game, while FlokiPlaces is its corresponding marketplace. Users can purchase physical goods with its native token FLOKI.Ā Moreover,Ā FlokiFiĀ is the projectās decentralized exchange where investors can swap digital assets for crypto or lock up crypto in the Flokifi Locker.
7.Ā Tamadoge (TAMA)
The launch of Tamadoge has made a notable impact in the meme coin space, offering a unique combination of play-to-earn features, NFTs, and augmented reality.Ā Its ecosystem revolves around Tamadoge Pet NFTs, which players can breed and compete for rewards. Currently available onĀ OpenSea, these ultra-rare NFTs are poised to gain even more prominence with the Tamadoge AR App next year, enhancing their status as top digital collectibles in 2024. In addition, tamadoge features its own NFT collection onĀ OpenSea. The TAMA coin powers the metaverse-integrated gaming platform, which experienced a massive surge ofĀ 1,900%Ā from its initial presale price. According to daily trading volume, TAMA has managed to stay in the top 10 meme coins on the market.
Proceed with caution: The potential risks of meme coins and altcoins Itās easy to get swayed by social media influencers when a new meme coin or altcoin is promoted. However, since many of these coins do not provide real-world value or utility usage, they should be traded cautiously. Although there have been success stories regarding these types of trades, most people end up losing money. This is because many of these coins derive value from social engineering. They also are the most prone to pump-and-dump schemes, which makes them extremely volatile. However, this doesnāt mean there arenāt some solid projects and money-making opportunities, including the coins and tokens in this list. Always make sure you study a project well and practice good risk management.
$HANA: The Next Evolution in Shiba Inu Crypto Legacy š
Introducing $HANA, a token inspired by the legendary Shiba Inu behind the iconic $SHIB movement, now looking to make her own mark in the crypto world.
Why $HANA?
Historical Ties: Hana is the Shiba Inu whose image inspired the original $SHIB logo, making her story deeply intertwined with the roots of Shiba Inu tokens.
Experienced Team: Backed by the same design genius who created the $SHIB logo, u/ParadoxDesigner is now a key player in $HANAās visual branding.
Building on Success: $HANA isnāt just another memecoin; itās a continuation of a beloved legacy, with a focus on community, innovation, and responsible development.
Some things I love about $HANA:
0 tokens paid to anyone ever from the team. Itās stables or nothingāweāre in it for the long term.
Everyone on the team is committed to blue chip investments and projects, ensuring stability and focus on longevity.
Deep pockets, well-connected team with industry ties that set us apart from typical memecoins.
A narrative like no otherāHanaās story is part of crypto history, not just a new dog on the block.
Our logo? Designed by the same creator of the $SHIB logo, the legendary u/ParadoxDesigner.
The HANARMY is growing fast and strong. With the most bullish community, weāre here to make waves.
Supply distribution is insaneāstrategically planned for growth and sustainability.
Hana Army is simply built different. šāš¦ŗ
$HANA builds upon a proven formula while pushing new boundaries, with its historic connections and a clear roadmap to leverage that momentum. The community is growing, and the team is fully transparent about both their goals and the challenges ahead.
Vitalik Buterin Divests $300,000 in Meme Coins, Supports Tornado Cash
Ethereum co-founder Vitalik Buterin sold over $300,000 worth of meme coins and USDT for ETH. Buterin also donated approximately $242,000 to a campaign supporting Tornado Cash developers.The Ethereum co-founder has previously expressed disapproval for receiving unsolicited meme tokens.
Vitalik Buterinās associatedĀ Ethereum walletĀ conducted a large transaction today, divesting a range of meme coins and Tetherās USDT for ETH. Blockchain data reveals that developers sent these unsolicited meme tokens to ButerināsĀ walletĀ throughout the past year. Why Did Buterin Offload Over $300,000 in Meme Coins? On October 5, Buterin sold four different tokens, netting 140.67 ETH, worth approximately $341,000. Blockchain analysis platform LookonchainĀ reportedĀ that Buterin sold 11.76 billion Moodeng tokens for 21 ETH (around $51,000) andĀ 70.72 million Neiro for $72,400. The other assets he sold included 7.8 million Degen for 25 ETH (around $61,000) and 16 billion Kabosu tokens for 22.94 ETH (approximately $56,000). Additionally, Buterin converted his entire USDT balance of 101,000 USDT into 41.69 ETH. After these sales, another crypto analytical platform, SpotOnChain, noted that Buterin sent 100 ETH (approximately $242,000) to the āFree Alexey & Romanā campaign. This initiative supports the legalĀ defense of Tornado Cash developersĀ Alexey Pertsev and Roman Storm.
It is unclear if the donated funds came from his recent token sales or from other sources. Nevertheless, the move aligns withĀ Buterinās ongoing practice of converting meme coin holdingsĀ into charitable contributions. Earlier this year, he sold a vast amount of animal meme tokens that were sent to him andĀ donated $532,000 worth of ETHĀ to the Animal Welfare Fund under the Effective Altruism initiative.
Interestingly, one of the tokens the Ethereum co-founder sold recently requested that heĀ donateĀ the proceeds to the same cause. āHey, Vitalik Buterin ā can we ask you for a favor? We know what you did for NEIRO when you sold. Now that you sold your ITO, could you make the sameĀ donationĀ to the Animal Welfare Fund on behalf of ITO?,ā ITOĀ wroteĀ on X. Meanwhile, theĀ Ethereum co-founderĀ has publicly stated his disapproval of receiving unsolicited tokens. While he appreciates contributing to charitable causes, he prefers thatĀ meme coinĀ creators allocate tokens directly to charities.
Buterin also addressed this issue in a blog post, encouraging the crypto community toĀ design meme coins with practical uses, such as charity fundraising, rather than as speculative assets.
Top 5 Altcoins with Potential for Long-Term Growth
Altcoins like Cardano, andĀ Polkadot show long-term growth potential, diversifying investment opportunities beyond Bitcoin and Ethereum. The cryptocurrency market continues to evolve rapidly, offering investors numerous opportunities beyond Bitcoin and Ethereum. Altcoins, or alternative cryptocurrencies, present exciting options with the potential for long-term growth. Many altcoins offer unique innovations, serving specific use cases in the crypto market. Investors now look at these altcoins with potential long-term growth as a way to diversify portfolios and achieve gains. This analysis covers the top five altcoins that have shown consistent progress, and may continue their upward trajectory. These altcoins represent potential long-term growth cryptos that could play a significant role in the future. 1. Ā Cardano (ADA) #ADA Cardano remains one of the leading altcoins with potential long-term growth. It focuses on scalability, sustainability, and interoperability, setting it apart from other cryptos. Cardanoās unique proof-of-stake model offers energy efficiency compared to Bitcoinās energy-intensive mining. The altcoinās development includes partnerships in developing nations, further solidifying its position. Cardanoās roadmap reflects its focus on long-term sustainability, making it a strong contender for potential long-term growth cryptos. With continuous development and upgrades, ADA stands out as one of the leading altcoins to watch. 2. Ā Polkadot (DOT) #DOT Polkadot is another altcoin with potential long-term growth due to its innovative approach to blockchain interoperability. It enables differentĀ blockchainsĀ to communicate with each other, solving one of the major issues in the crypto market. This innovation positions it as a leader among altcoins focused on scalability and cross-chain functionality. Polkadotās ecosystem continues to grow, with multiple projects launching on its platform. The potential for long-term growth remains high as Polkadot builds more bridges across the crypto market. Investors view Polkadot as one of the leading altcoins for future returns. 3. Ā Chainlink (LINK) #Link Chainlink revolutionizes the way smart contracts interact with real-world data, making it an essential tool for decentralized finance (DeFi). As more industries adopt blockchain technology, Chainlinkās role in providing reliable data feeds becomes critical. Chainlink has already formed partnerships with major corporations and governments, highlighting its utility. ThisĀ altcoinĀ with potential long-term growth could continue to drive innovation in the crypto market. Chainlink remains a favorite among investors seeking to benefit from DeFiās rapid growth and adoption. It ranks among the leading altcoins due to its vital role in smart contract infrastructure. 4. Ā Solana (SOL) #Sol Solanaās focus on speed and low transaction costs makes it one of the altcoins with potential long-term growth. Solana offers one of the fastest blockchains in the crypto market, processing thousands of transactions per second. This efficiency has attracted severalĀ decentralized applicationsĀ (dApps) and platforms to the Solana ecosystem. The altcoinās continuous scaling efforts contribute to its potential long-term growth cryptos status. Solana has faced challenges, but its long-term prospects remain strong due to its commitment to scalability and user adoption. It stands out as one of the leading altcoins with long-term potential. 5. Ā Avalanche (AVAX) #AVAX Avalanche is gaining recognition as an altcoin with potential long-term growth due to its speed and scalability. Like Solana, Avalanche focuses on solving the blockchain trilemma: speed, security, and decentralization. Avalancheās platform supports a variety of decentralized applications and has shown steady growth. Its robust network continues to attract developers, and its unique consensus mechanism offers enhanced performance. Investors view Avalanche as one of the potential long-term growth crypto in the market. The altcoinās growth trajectory suggests it may become a major player in the crypto space. Why Altcoins Offer Long-Term Potential Altcoins offer long-term potential due to their focus on addressing specific challenges in the crypto market. Each of the leading altcoins discussed provides unique solutions, whether in scalability, interoperability, or decentralized finance. These factors make them attractive as altcoins with potential long-term growth. As the crypto market expands, these altcoins will continue to play essential roles in driving innovation. WhileĀ BitcoinĀ dominates the market, altcoins diversify the ecosystem by offering specialized applications. The Role of Altcoins in the Crypto Market Altcoins contribute to the broader development of the cryptocurrency market. They offer alternatives to Bitcoin and Ethereum, addressing limitations within these networks. Altcoins with potential long-term growth could help solve scalability issues, enhance transaction speeds, and create new use cases. By providing alternatives, these leading altcoins enrich the ecosystem, pushing forward innovations in decentralized finance, blockchain interoperability, and smart contracts. Investors seeking to capitalize on future growth often explore these altcoins as they provide new opportunities outside of mainstream cryptos. Long-Term Growth Factors for Altcoins Some elements contribute to the long-term success of altcoins. For one thing, they need to transform with regards to their technologies to match market expectations. Those altcoins that appropriately improve scalability and speeds of transactions will remain in the fray. In like manner, partnerships with renowned organizations will also augment adoption for the best altcoins. The regulatory developments are also paramount since countries give the clear framework for using cryptocurrencies. Finally, the demand for decentralized finance is rising, and many altcoins stand to gain from this aspect. Risks and Considerations for Investors Altcoins with significant long-term growth offer opportunities but carry some risks. Market volatility remains a great concern because crypto prices fluctuate very frequently. Investors must do proper due diligence before investing in any altcoin. Other aspects of understanding the project include the technology, market position, and team. Then there is the risk diversification of investments through outperforming some altcoins with others. Even though these leading altcoins look all positive and have a great chance of rising in the future, there are considerable challenges that can imperil them in the long run, such as competition and regulations. Conclusion Altcoins with potential long-term growth provide the opportunity for the investor to invest in the changing cryptocurrency market. Cardano, Polkadot, Chainlink, Solana, and Avalanche are the leading altcoins for future growth. Among these cryptos, every one of them offers innovation on the problem facing the crypto market; therefore, making them more attractive for long-term investors. Yes, there are risks associated with it, but the reward will make altcoins worthwhile and valuable additions to a diversified portfolio of crypto investment. With the maturing of the market, these altcoins are going to be set on a high pedestal because they play a much more vital role in molding the future of decentralized finance and blockchain technology $SOL $DOT $ADA
Sell signal: Ethereum long-term investors offload massive ETH positions
Some Ethereum (ETH) high-conviction investors have been signaling pessimism about the projectās future by offloading relevant long-term positions. Overall, two accounts have recently sold more than 45,000 ETH, worth approximately $110 million at current prices. In crypto, we can spot high-conviction, long-term investors in a few different ways. Addresses that somehow lock their coins, for example, through staking; and ancient dormant whales, are two of them.Ā While these actions could signal optimism and a potential buying opportunity, the opposite remains true. Market participants usually follow long-term dormant whales or large staking positions looking for a sell signal when they move.
Finbold previously reported two relevant movements in August, one from the Ethereum Foundation and the other from Vitalik Buterin. Both selling activities raised concerns and turmoil in the market, withĀ $100 millionĀ andĀ $10 millionĀ worth of transactions, respectively. Ethereum ICO-age address offloads a massive position First, an ancient whale address from Ethereumās Initial Coin Offering (ICO) age turned active after two years of dormancy. Essentially, the address in question deposited 40,000 ETH in multiple transactions to Kraken since September 22,Ā accordingĀ toĀ Lookonchain. After the continuous sales, there are still 99,500 ETH left unsold, worth $238 million. Notably, the participant received 150,000Ā ETH at an ICO cost of $46,500, now worth $394.5 million. If selling at each deposit time, the ICO-age whale sold around $101 million at an average price of $2,525. The most recent sale was of 6,000, worth $14.11 million.
ICO-age whale address. Source:Ā EtherscanĀ /Ā Lookonchain Staking withdrawal and a bearish sell signal Similarly, an Ethereum whale has unstaked 17,135 ETH and sold 16,750 ETH of it since March 12. From March to date, Ethereum and most cryptocurrencies have been experiencing a nearly seven-month downtrend caused by significant selling pressures. The most recent sell-off happened on October 3, with the whale offloading $11.74 million worth of 5,000 ETH. When an investor locks up his tokens through staking, the message is a mid to long-term optimism over the cryptocurrency. This is because, by staking, the investors momentarily lose liquidity for immediate sales, adding opportunity cost to the equation. Moreover, it can also signal the intention to contribute and support the chainās decentralization and security, besides earning the yield. Therefore, withdrawing from staking and depositing into centralized exchanges is a relevant sentiment shift, acting as a broader sell signal. Whales can easily influence the marketās direction either psychologically or through supply pressure, making these movements worth monitoring.
Solana (SOL) Clings to Key Support: Is a Bounce Imminent?
Solana trimmed gains and tested the $132 support. SOL price is consolidating and might aim for a fresh increase above the $140 resistance zone. SOL price started a fresh decline below the $145 zone against the US Dollar.The price is now trading near $142 and the 100-hourly simple moving average.There was a break above a short-term bearish trend line with resistance at $136 on the hourly chart of the SOL/USD pair (data source from Kraken).The pair could start a recovery wave if it stays above the $132 support zone. Solana Price Revisits $132 Solana price started a fresh decline from the $162 resistance likeĀ BitcoinĀ andĀ Ethereum. SOL declined below the $155 and $150 support levels. It even declined below $142. However, the bulls were active above the $132 support. A low was formed at $133.17 and the price is now consolidating losses. There was a move above the $135 level. The price climbed above the 23.6% Fib retracement level of the recent decline from the $1482 swing high to the $133 low.
There was also a break above a short-term bearish trend line with resistance at $136 on the hourly chart of the SOL/USD pair. Solana is now trading below $142 and the 100-hourly simple moving average. On the upside, the price is facing resistance near the $140 level. The next major resistance is near the $142 level. It is close to the 61.8% Fib retracement level of the recent decline from the $1482 swing high to the $133 low. The main resistance could be $148.
Source:Ā SOLUSD on TradingView.com A successful close above the $148 and $150 resistance levels could set the pace for another steady increase. The next key resistance is near $155. Any more gains might send the price toward the $162 level.
More Downsides in SOL? If SOL fails to rise above the $140 resistance, it could start another decline. Initial support on the downside is near the $135 level. The first major support is near the $132 level. A break below the $132 level might send the price toward the $120 zone. If there is a close below the $120 support, the price could decline toward the $112 support in the near term. Technical Indicators
Hourly MACD ā The MACD for SOL/USD is losing pace in the bearish zone. Hourly Hours RSI (Relative Strength Index) ā The RSI for SOL/USD is below the 50 level. Major Support Levels ā $135 and $132. Major Resistance Levels ā $140 and $148.
After the United States Securities and Exchange Commission (SEC) reignited the legal fight against blockchain company Ripple over its sales of XRP (XRP) with an appeal to a key ruling, many are wondering about the tokenās future and artificial intelligence (AI) algorithms are not optimistic. Indeed, the SECās legal team has filed a Notice of Appeal of District Judge Analisa TorresāsĀ final rulingĀ from August 7, 2024, which orders Ripple to pay a $125 million penalty for selling XRP to institutional buyers instead of the $2 billion demanded by the SEC, as FinboldĀ reportedĀ on October 3. AIās XRP prediction In this context, Finbold consulted the advanced AI algorithm over at theĀ cryptocurrencyĀ monitoring and forecasting platformĀ PricePredictionsĀ for the price of XRP on October 31, 2024, and it has set it at $0.488745, predicting further declines by the end of the month.
XRP forecast 30-day chart. Source:Ā PricePredictions Should the algorithmās predictions, which draw upon the digital assetās technical indicators like relative strength index (RSI), Bollinger Bands (BB), moving average convergence divergence (MACD), and others, prove correct, it would result in aĀ 6.78% decline from XRPās current price. Expertsā XRP price prediction Meanwhile, crypto experts likeĀ Dark DefenderĀ believeĀ that the recent SEC appeal will not affect the price of XRP in the longer term, arguing it is a āpure blunder and will separate the 1% from the entire population with a poor mindsetā after earlierĀ observingĀ XRPās bounceback from a high of $0.6655.
XRP price performance analysis. Source:Ā Dark Defender At the same time, another crypto analyst,Ā Charting Guy,Ā highlightedĀ that XRP had broken the 3.5-year downtrend and confirmed it with the daily and weekly close on September 29, as well as adding that it might have broken the āfull 7-year downtrend tooā but noting that he was waiting for more confirmation.
XRP price performance analysis. Source:Ā Charting Guy XRP price analysis For the time being, XRP is changing hands at the price of $0.5243, reflecting a drop ofĀ 11.71% in the last 24 hours, adding up to the 11.15% decline across the previous seven days, as well as accumulating a drop of 8.53% over the past month, as per the most recent chart information.
XRP price 7-day chart. Source:Ā Finbold So, why is the price of XRP going down today? Notably, the significant dip in XRPās price could, indeed, be the reaction to the recent development in the Ripple v. SEC case. However, another reason could be theĀ upcoming unlockĀ of another 1 billion XRP from Rippleās distribution escrows. On the other hand, a potential approval of the XRP exchange-traded product (ETP)Ā filed recentlyĀ by Bitwise might turn the tables in the tokenās favor and bring about the necessary relief for the price of the currently seventh-largest asset in the crypto industry by market capitalization. šŗ Bitwise's XRP ETP filing (not to be confused with an ETF, which would be required if it was a security) has showed a significant on-chain response. Whale activity, social hype, and an 8-month high $2.39B in transaction volume indicates potential bullish momentumābut remember,ā¦Ā pic.twitter.com/yMdbE9G3GSā Santiment (@santimentfeed)Ā October 3, 2024 All things considered, the AI algorithms do not seem overly optimistic regarding XRPās near-term price, but it is important to remember that they are only algorithms, which is why doing oneās own research is critical when investing significant amounts of money in any asset.
melo: Building a Stronger Community, One Milestone at a Time
The melo community continues to grow, not only in numbers but in strength and influence. Over the past few weeks, weāve seen major developments that highlight the power of community-driven projects, with continued engagement from key figures like Billy Markus and new exciting milestones in both charity and expansion. BillyM2k Shares a Moment with Boba and melo One of the most heartwarming moments for the melo community came when Billy Markus, co-founder of Dogecoin, tweeted about melo and his cat Boba, posting an adorable picture of Boba āwaiting to meet melo.ā This fun interaction has brought even more attention to the token, keeping the spirit light while highlighting Billyās ongoing relationship with melo. His regular engagement continues to drive energy into the community. Link to Billyās tweet
Fifth Binance Article Goes Live In a significant milestone for melo, Binance just published its fifth article covering the token. Binance has consistently supported community-driven projects, and the fact that melo continues to receive media attention from such a major platform is a testament to the communityās efforts and growing influence. With each article, melo is gaining more exposure and recognition as a serious player in the decentralized space. Link to the Binance Article Seminars Kick Off in Hong Kong The melo movement isnāt just growing online ā itās also starting to make waves in the real world. Recently, the community began hosting seminars in Hong Kong, China, discussing melo and its mission. These seminars mark an important step in expanding meloās global reach, educating more people about the token, and encouraging new members to join the community. As meloās footprint grows internationally, the power of community-driven education becomes even more vital to its success.
Strengthening Liquidity: V3 Pool Gets a Boost In another strong show of support, the melo community recently added 10 ETH and 25k in tokens to the V3 liquidity pool, significantly bolstering the tokenās liquidity. This kind of contribution is essential to the health of any decentralized token, ensuring that melo remains stable and accessible for all traders. What makes this achievement even more impressive is that it was driven by the community, reinforcing the idea that every holder is a key contributor to the tokenās future.
Doge Whale Tweets About melo In yet another exciting moment for the community, a Doge whale tweeted about melo, further cementing its connection with the Doge community. As more influential figures take notice of melo, the tokenās visibility continues to increase. These interactions help spread the word about melo, showing that itās becoming more than just a niche project ā itās gaining attention across the wider crypto world. Link to Doge whale tweet BitMart Announces $melo Trading Live on Friday As if all this wasnāt enough, BitMart announced that $melo trading will go live on Friday, opening up more opportunities for traders to get involved with the token. This is yet another major exchange that has recognized the strength and potential of melo, and it wouldnāt have been possible without the dedication of the community who continue to push for listings and expansion. San Diego Humane Society Donation: A Community Effort In a beautiful example of meloās community-driven values, we recently made a donation of $300 to the San Diego Humane Society. This donation came directly from the multi-signature wallet, which was funded by none other than you, the community. Every single melo holder shares in this generous contribution, showcasing the power of decentralized giving. The funds for this donation came from community contributions, and the fact that every holder can say they played a role in this act of kindness is a testament to the kind of community we are building. As we continue to grow, these acts of generosity will remain at the core of what makes melo special. Link to San Diego Humane Society Transaction Details Billy Shows More Support The ongoing support from Billy Markus has been a driving force behind the continued success of melo. Recently, Billy replied toanother community memberās tweet, further showing his engagement and support for the project. Every interaction Billy has with the community adds fuel to the fire, and his consistent backing has been an inspiration for all of us.
melo: Building a Stronger Community, One Milestone at a Time
melo community Ā· Follow 5 min read Ā· 3 hours ago Listen Share The melo community continues to grow, not only in numbers but in strength and influence. Over the past few weeks, weāve seen major developments that highlight the power of community-driven projects, with continued engagement from key figures like Billy Markus and new exciting milestones in both charity and expansion. BillyM2k Shares a Moment with Boba and melo One of the most heartwarming moments for the melo community came when Billy Markus, co-founder of Dogecoin, tweeted about melo and his cat Boba, posting an adorable picture of Boba āwaiting to meet melo.ā This fun interaction has brought even more attention to the token, keeping the spirit light while highlighting Billyās ongoing relationship with melo. His regular engagement continues to drive energy into the community. Link to Billyās tweet
Fifth Binance Article Goes Live In a significant milestone for melo, Binance just published its fifth article covering the token. Binance has consistently supported community-driven projects, and the fact that melo continues to receive media attention from such a major platform is a testament to the communityās efforts and growing influence. With each article, melo is gaining more exposure and recognition as a serious player in the decentralized space. Link to the Binance Article Seminars Kick Off in Hong Kong The melo movement isnāt just growing online ā itās also starting to make waves in the real world. Recently, the community began hosting seminars in Hong Kong, China, discussing melo and its mission. These seminars mark an important step in expanding meloās global reach, educating more people about the token, and encouraging new members to join the community. As meloās footprint grows internationally, the power of community-driven education becomes even more vital to its success.
Strengthening Liquidity: V3 Pool Gets a Boost In another strong show of support, the melo community recently added 10 ETH and 25k in tokens to the V3 liquidity pool, significantly bolstering the tokenās liquidity. This kind of contribution is essential to the health of any decentralized token, ensuring that melo remains stable and accessible for all traders. What makes this achievement even more impressive is that it was driven by the community, reinforcing the idea that every holder is a key contributor to the tokenās future.
Doge Whale Tweets About melo In yet another exciting moment for the community, a Doge whale tweeted about melo, further cementing its connection with the Doge community. As more influential figures take notice of melo, the tokenās visibility continues to increase. These interactions help spread the word about melo, showing that itās becoming more than just a niche project ā itās gaining attention across the wider crypto world. Link to Doge whale tweet BitMart Announces $melo Trading Live on Friday
As if all this wasnāt enough, BitMart announced that $melo trading will go live on Friday, opening up more opportunities for traders to get involved with the token. This is yet another major exchange that has recognized the strength and potential of melo, and it wouldnāt have been possible without the dedication of the community who continue to push for listings and expansion. San Diego Humane Society Donation: A Community Effort In a beautiful example of meloās community-driven values, we recently made a donation of $300 to the San Diego Humane Society. This donation came directly from the multi-signature wallet, which was funded by none other than you, the community. Every single melo holder shares in this generous contribution, showcasing the power of decentralized giving. The funds for this donation came from community contributions, and the fact that every holder can say they played a role in this act of kindness is a testament to the kind of community we are building. As we continue to grow, these acts of generosity will remain at the core of what makes melo special. Link to San Diego Humane Society Transaction Details Billy Shows More Support The ongoing support from Billy Markus has been a driving force behind the continued success of melo. Recently, Billy replied toanother community memberās tweet, further showing his engagement and support for the project. Every interaction Billy has with the community adds fuel to the fire, and his consistent backing has been an inspiration for all of us.
The Heart of melo: The Community As melo continues to break new ground, whether itās through new exchange listings, liquidity contributions, or charitable donations, one thing is clear: this token is powered by its community. Every success, every milestone, every contribution is the direct result of the collective efforts of melo holders around the world. From Billyās playful support to Doge whales tweeting about us, Binance articles, and BitMart listings, the melo community has shown that when we come together, we can achieve amazing things. We are the driving force behind meloās success, and as we continue to grow, thereās no limit to what we can accomplish. At the core of melo is the belief that we are all in this together. Every holder, every contribution, every tweet matters. As we continue to expand and build, letās never forget that this is a community-owned token ā and its future is in our hands. ā melo: Building the future together, one milestone at a time.