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According to Mars Finance news, Ethereum co-founder Vitalik Buterin published a short article on the Ethereum Research Forum (ethresear.ch) titled "How to Rescue User Funds from Sudden Quantum Attacks through Hard Forks." In the article, Vitalik mentioned that if quantum attacks come earlier than expected and account abstraction has not yet been fully implemented, Ethereum can also solve the problem through a "recovery fork". The changes related to the fork at that time are as follows :
First, roll back all blocks after the large-scale attack;
According to Mars Finance news, Bill Ackman, founder and CEO of Pershing Square Capital Management, said when talking about Bitcoin on the Depreciation, in turn, drives increased demand for Bitcoin and mining, which in turn drives energy demand, and so on. The price of Bitcoin will go infinitely high, energy prices will skyrocket, and the economy will collapse. Ackman concluded by saying, “Maybe I should buy some Bitcoin.” #EOS #热门话题 #aevo #pepe #ARB
There was a lot of cheers in the group last night. After Bitcoin hit a new all-time high again, the price dropped all the way. From the short-term highest point to the lowest point, it can be said that it dropped by 10,000 US dollars. This also affected all currencies. The considerable decline also caused many high leverage in the market to be cleared.
You can go back and read the articles written by Brother Biquan in the past few days.
On the first day when market sentiment entered extreme greed, was I the first to remind everyone to start paying attention to risk management, including reducing leverage, reducing short positions and focusing on spot operations? I even told everyone many times, At this time, you should be waiting for the callback with your hands full.
For those of you who heard the reminder from the currency circle brother, you should have completely escaped this time.
It’s not that I’m great or accurate, but I know that the market will never rise forever. The rise during this period is too fast and too urgent, and a proper correction is healthy, especially when there are so many retail investors to join during this period. I have repeatedly reminded you to keep your funds alive first, and just lend them to those "gambling dogs" who want to borrow money for high leverage, so that we can make steady profits.
Hunters are good at waiting. If you have been waiting for a long time and have not started to enter the market, then congratulations, the time is coming soon. Don’t believe those who tell you that the leverage contract is full, or even go to those strange exchanges. Just by doing this, you are already starting ahead of many others.
3. Market Trend 3.1 The DeFi sector rebounded across the board https://www.coingecko.com/en/categories/decentralized-finance-defi In February, the prices of DeFi projects all rose sharply. Coingecko data shows that in the past 30 days, the market value of DeFi category tokens has increased by 31%, of which Uniswap has increased by 100%. This is mainly due to the Uniswap Foundation’s fee conversion proposal, which has reignited the market’s interest in the DeFi field, causing the overall price of DeFi category tokens to rise significantly. 3.2 The MEME industry is experiencing a rotational rise. Recent market trends have shown a rotation among mainstream currencies, AI, DePIN, GameFi, DeFi, and meme sectors. In February, meme coins such as Dogecoin, SHIB, and Pepe increased by more than 300%, and their wealth creation effects were significant. However, meme coin prices are highly volatile, with SHIB market makers focusing on selling recently. Given this volatility, investors should remain cautious. 3.3 The BTC Stake ecosystem is beginning to take shape https://x.com/MerlinLayer2/status/1763783422529695862?s=20 By staking BTC as the basic asset, using the market value consensus of BTC, introducing the narrative and expectations of the BTC ecosystem as well as airdrops, rapid absorption Increasing TVL with BTC has become a highly anticipated business model. Currently, Merlin Chain’s TVL has reached US$3 billion, of which BTC accounts for 53% and ORDI accounts for 33%. Therefore, many BTC Layer2 solutions have gradually attracted attention, such as Babylon, which received investment from Binance. Babylon ensures the security of the Cosmos ecosystem by introducing BTC for remortgage. The broad prospects of the BTC mortgage track are increasingly recognized by more people, and it is recommended to continue to pay attention to this trend. 4. Investment and Financing Observation In February 2024, the total investment in the cryptocurrency market reached US$700 million, a slight increase from US$695 million in the previous period, an increase of 0.67%. The public data are as follows: 134 financing events, a year-on-year increase of 55.81% (118 in January 2024). There were a total of 6 acquisitions, a year-on-year increase of 20%, indicating an increase in acquisition activity. The average financing amount was US$7.2193 million, a year-on-year decrease of 10.74%. The median financing amount was US$4 million, a year-on-year increase of 19.4%. Although the average financing amount dropped slightly, the number of financing events, the number of acquisitions, and the median financing amount all increased, indicating that while market activity is increasing, investment and financing are becoming increasingly rational. The five largest funding rounds in February were as follows: - EigenLayer closed a $100 million funding round at an undisclosed valuation.- Flare Network closed $35 million in funding at an undisclosed valuation. - Ether.Fi closed $27 million in funding at an undisclosed valuation. - Avail closed a $27 million seed round at an undisclosed valuation. - MetaStreet closed $25 million in funding at an undisclosed valuation. In addition, from the perspective of investment and financing events: 38 seed rounds (a year-on-year increase of 40%), 15 strategic financings (a year-on-year decrease of 21%), 13 pre-seed rounds (a year-on-year increase of 30%), and 8 other types (no change ). Seed round financing events are the most common, followed by strategic financing and pre-seed round financing, while other types of financing events occur less frequently. From a VC perspective, Animoca Brands is the most active in investing in infrastructure, NFT and GameFi, while Binance Labs and Multicoin Capital have the largest number of investments in the DeFi field. Other venture capital firms' investments are focused on infrastructure. Investment activity in the cryptocurrency space increased in February, with both the number of projects and the amount invested reaching their highest levels in nearly a year. Investments continue to focus on infrastructure and DeFi. This trend may have a positive impact on market sentiment in March and attract more investors to the market. Entering March, the development trend of cryptocurrency and blockchain investment activities may be affected by various factors such as the global economic situation, technological innovation, and policy environment. Assuming that no major adverse events or policy changes occur, market sentiment remains optimistic, and technological innovation continues to advance, investment activity is expected to continue its growth trend in March. However, market fluctuations and policy changes are still major risk factors. Investors should remain vigilant, continue to pay attention to developments, and make timely and accurate investment decisions. 5. Summarizing the dynamics and markets in February 2024 reveals several important trends: The market showed a clear reaction to macroeconomic data and policy expectations, especially after the release of employment growth and inflation data. The altcoin market has shown strong momentum, especially driven by ETF adoption, with the prices of BTC and ETH rising significantly this month. Stablecoin issuance continues to rise, on-chain TVL continues to grow, and mining pool data grows steadily, all indicating that investors are optimistic about the future.The increase in total financing indirectly reflects the increase in market activity and investor confidence. Despite macroeconomic uncertainty and regulatory policy challenges, investment in technological innovation and infrastructure construction continues to grow. These trends bode well for the long-term potential and growth of the cryptocurrency market. Investors and market participants should continue to pay attention to macroeconomic indicators, technological innovation and changes in the policy environment, and make wise decisions in the changing market landscape. We expect the crypto market in April to continue to demonstrate its unique ability to innovate and its impact on the global financial ecosystem.
Twitter decentralization project! The spring of virtual currency is here!
After nearly a year of invite-only access, “decentralized Twitter” project Bluesky opened to the public earlier this month. Bluesky was funded by Twitter (now X) co-founder Jack Dorsey and had about 3 million registered users before its public launch. With Twitter's background and ambitions, Bluesky's future success remains uncertain. However, we can comprehensively analyze this project by understanding its development trajectory and technical advantages. Introduction to Bluesky: Based on the novel AT protocol, fully open source, with developer autonomy. As a project supported by Twitter co-founder Jack Dorsey, Bluesky is regarded as a promising microblogging platform that may compete with Elon Musk. Musk’s X competition. It was conceived in 2019 and attracted around 3 million registered users before opening to the public. Now that anyone can join, the young platform faces the challenge of standing out in the social media space, especially as it competes with Threads' 130 million monthly active users and even Mastodon's 1.8 million. Bluesky is similar in appearance and functionality to Twitter, but what makes it unique is its underlying technology. Bluesky was originally an internal project at Twitter to build a decentralized social network infrastructure called the AT protocol. As a decentralized platform, Bluesky’s code is fully open source, providing transparency to outside individuals about what is being developed and the methods being used. Developers can even write their own code on top of the AT protocol, creating anything from custom algorithms to entirely new social platforms. It is worth mentioning that as early as 2021, Messari published a special study on the DeSoc (Decentralized Social) track and expressed clear expectations. Without a doubt, Bluesky is one of the first DeSoc projects. Typically, DeSoc protocols connect personal account profiles to digital content as NFTs, opening up all account and content relationships (social graphs), and providing a platform for developers to build diverse front-end applications. This model not only challenges the technical architecture of traditional social platforms, but also revolutionizes traditional social media with its censorship-resistant and highly composable features.Against this background, Bluesky, as an important participant in the Decentralized Social space, is making steady progress. Bluesky inherits and promotes Twitter, adhering to the core concept of the DeSoc protocol, aiming to build an open, decentralized social network. By connecting personal account profiles with digital content, Bluesky not only promotes the openness and accessibility of social graphs, but also provides developers with a flexible platform to build various applications based on these graphs to satisfy different users. need. Explore the underlying technology and operating model of Bluesky: a completely open and flexible social network Bluesky is a public social network built on the AT protocol, designed to support public conversations and promote data portability. On Bluesky, users' posts, likes, and mute actions are public, and anyone, even users without an invitation code, can see these contents on the network. This design enables users to view posts from across the entire network, regardless of which server they join, and if they choose to switch servers, they can easily take all their data with them. However, a user's mute list subscription is private, although the mute list itself is public. It’s worth noting that Bluesky currently does not support setting up private profiles. When a user deletes a post, the post is immediately removed from the user interface and the attached images are immediately removed from the data store, but it takes longer to completely remove the text content. Bluesky preserves user data through content-addressed archiving, allows account data to be migrated across servers, and provides developers with a way to export a copy of their data, while also building tools to make it easy for non-developer users to access their data. Bluesky's openness and flexibility make it stand out in the Decentralized Social space, providing a free, Decentralized Social experience. This model enhances the censorship resistance and composability of social networks, posing ongoing challenges to traditional social platforms. Bluesky not only demonstrates the feasibility and potential of Decentralized Social networks, but also provides a powerful platform for users and developers seeking open, free, and innovative social experiences. As a public welfare enterprise, Bluesky is committed to promoting the widespread adoption of open, decentralized public dialogue technology, emphasizing the importance of user data ownership and Decentralized Social network architecture.By promoting the "atproto" protocol, Bluesky provides a user experience similar to traditional social media while ensuring the security and privacy of user data. What makes Bluesky unique is its commitment to open protocols and creating a transparent and free communication environment for developers and users. In addition, Bluesky addresses users' needs for personalized services by offering services such as custom domain names while avoiding the privacy concerns associated with reliance on advertising revenue. Meanwhile, Bluesky also announced that it will launch an experimental version of Open Federation later this month. Developers will be able to build their own standalone servers, similar to Mastodon with thousands of different instances. Bluesky users will be able to choose which server they want to use, and if they change their mind, they can migrate to a different server without losing all their posts, followers, and watchlists. Additionally, Bluesky will allow individual users or organizations to create their own content moderation services that other users can subscribe to. For example, fact-checking organizations could run labeling services and label posts as "partly false," "misleading," or other categories. Users who trust the organization can then subscribe to their label. As users scroll through the app, any labels posted by fact-checking organizations will be visible on the posts themselves. Decentralization inevitably leads to criticism in areas such as privacy and security, but Bluesky still managed to secure significant funding On May 7, 2023, criticism of Bluesky emerged online, focusing on its self-promotion as an open network. These criticisms focus on three main areas: promoting an open network, commitment to follower and identity preservation, and self-promotion as a protocol (“atproto”). These accusations triggered widespread concern and discussion about the future development of Blue Sky. Despite mixed reviews within the community, Bluesky faced a critical moment on July 2, 2023, when Elon Musk introduced a throttling policy that restricted users' activities on Twitter, triggering widespread discussion and dissatisfaction among users. In this context, Bluesky, as an emerging social media platform, has suddenly become the focus of many users looking for alternatives to Twitter. Shortly after, on July 5, 2023, Bluesky announced the successful completion of $8 million in financing, attracting a series of investors aligned with its values, including community-led investment firm Neo and well-known partners such as Ali Partovi and Suzanne Xie.In addition, industry leaders and innovators including Kubernetes co-founder JOE Beda, Bob Young from Red Hat, and Amjad Masad from Replit have also joined Bluesky’s investor lineup. This round of funding will be used to expand the Bluesky team, manage growing operational and infrastructure costs, and drive growth of the AT Protocol ecosystem and Bluesky applications. Additionally, Bluesky plans to experiment with different strategies and services, exploring ways to provide real value to users, and is committed to continuing to share their learnings and discoveries with the public as they build a sustainable social network. The launch of the first paid service, the customized domain name service, reflects Bluesky's innovative attempt to find alternatives to the traditional advertising model to achieve profitability. Bluesky’s official stance has been to directly address questions about the Decentralized Social network and concerns about associated risks, which explains why the project has been able to receive significant funding despite market skepticism. Jay Graber, CEO of Bluesky Platform, said that the advantage of decentralization is the ability to try multiple changes at the same time, thereby avoiding being hindered by changes in a single organization. Bluesky’s approach to building allows virtually anyone to make changes to the product, giving users more control and customization of their social media experience. Criticisms and doubts still exist, expressing doubts about Bluesky's ability to fully realize the Decentralized Social application vision. Faced with early criticism, Bluesky did not choose to avoid it, but responded to the concerns of the market and users through a series of specific actions. First, Bluesky clearly distinguished the relationship between the company and the "atproto" protocol it developed, emphasizing that although Bluesky participated in the development of the protocol, "atproto" was designed as an open source protocol aimed at promoting decentralization and openness in society. Sexual Media Sphere. In order to dispel people's doubts about the openness of the protocol, Bluesky not only open sourced the source code of the protocol, but also encouraged and supported third-party developers to develop their own applications based on the protocol, which strongly reflects Bluesky's commitment to the open network. Secondly, regarding user identity and fan retention issues, Bluesky ensures the protection of user data and social relationships on the platform through technological innovation.Leveraging its decentralized nature, Bluesky enables users to move freely between different service providers without losing their social network. This user-centered design not only enhances the user experience, but also sets a new benchmark for the social media industry. Finally, in the long term, Blue Sky faces challenges and opportunities. On the one hand, it needs to continue to build user trust and address external doubts about its protocol and business model. On the other hand, as social media users become more aware of privacy and data ownership, Bluesky’s decentralization and openness principles may become its greatest competitive advantage. It remains to be seen whether Bluesky can become an important force in the social media field over time, and it deserves continued attention from everyone who pays attention to social media development trends. Edited by Brother Coin Circle
Dogwifhat token price surged after cryptocurrency exchange Binance said it would list the token. Many other meme coins fell after a wild weekend that saw their prices more than double. Bitcoin’s dominance increased from 51.8% to 52.3% on Tuesday after it surged to $68,500. Cryptocurrency exchange Binance said it will add Dogwifhat (WIF) to its listings, with the price of the Solana-based token returning to profitability on the day despite a sell-off in the broader meme coin market.
According to a blog post, WIF will begin trading on Binance at 14:00 UTC on Tuesday.
The decision comes amid a memecoin mania weekend that saw tokens such as WIF, Pepe, FLOKI and SHIB see triple-digit gains.
WIF was trading at $1.52 prior to the news, with the price quickly rising by more than 25%. It was most recently trading at $1.80, up 5.61% in the past 24 hours. In comparison, FLOKI fell 5.1%, and WEN, MAGA, BITCOIN and CUMMIES all fell more than 10%. The CoinDesk 20 Index (CD20), which measures the broader cryptocurrency market, is up 5.08% in the same period after Bitcoin (BTC) surged to $68,500 on Monday.
When Bitcoin rises, altcoins and meme coins often fall. Altcoin rallies typically occur when Bitcoin altcoin prices trade within a specific range after reaching highs, as traders take profits before turning to more speculative bets.
Bitcoin’s dominance rose from 51.8% to 52.3% on Tuesday, CoinMarketCap data showed.
As the inscription craze continues to spread from Bitcoin to other chains, many inscription projects have recently emerged in a series of public chains such as ETH, Solana, AVAX, TON, and even APT, SUI. This article will introduce the inscriptions of major public chains and discuss the subsequent development of inscriptions. Introduction to Bitcoin Inscription On January 11, the BTC ETF finally passed the approval of the SEC. Currently, 11 BTC ETFs are officially launched for trading on the US stock market, which can be described as a milestone moment in the history of encryption. With the arrival of the Bitcoin halving cycle, the Bitcoin ecosystem is expected to gain greater vitality. In 2023, a new concept emerged in the field of digital assets - inscription. The rise of inscription mainly benefited from a series of protocols in the Bitcoin ecosystem. Among them, ORDI, represented by the Ordinal protocol, once became the leader in the field of inscription. However, the reason why Inscription is able to stand out is more due to the concept of Fair Launch. Taking ORDI as an example, its issuance model abandons pre-mining and private placement and distributes tokens equally to community members, stimulating extensive community participation. This model of fair distribution has largely contributed to the popularity of inscriptions. Inscription Market Background Market Background Since January 2023, Bitcoin’s Ordinals protocol has spawned a frenzy on the Bitcoin chain with far-reaching consequences. Many BRC20 and Ordinals assets emerged, bringing a carnival of "retail investors". The Inscription project of the BRC20 protocol adopts the Fair Launch model, so that all chips are cast by retail investors themselves, eliminating institutions and project parties, and bringing true fairness. Among them, the casting cost of Ordi is about 1 knives per piece. After being listed on the Gate exchange, it rose to 30,000 knives per piece. As the value of ORDI continues to be discovered at the end of 2023, its price has also risen to nearly 90,000 knives per piece. Some early inscriptions Users also take this opportunity to achieve financial freedom. This exaggerated increase not only promoted the popularity of the BRC20 protocol, but also attracted many Ordinals players to join the BRC20 camp. Data Overview However, this has also led to the continuous rise of Gas on the Bitcoin chain. According to Mempool.space 3-year block rate data, in May 2023 and November 2023, the block rate skyrocketed, with the lowest confirmation Gas even soared to 600 s/vb at its peak, reaching the highest level in the past three years.Source: https://mempool.space/graphs/mining 2024.1.14 According to the Mempool.space 3-year total block fee data, in May 2023 and November 2023, there were single-day total block fees. Close to 3.5 BTC, the highest record in 3 years. Source: https://mempool.space/graphs/mining 2024.1.14 Judging from the casting data of Inscriptions, the casting number tends to be stable and remains at a high number. Source: https://dune.com/cryptokoryo/brc20 2024.1.14 Track Analysis This article will take stock of popular public chain leading inscriptions, and let’s take a look at the market performance of these inscriptions. Bitcoin Chain Ordinals In January 2023, Bitcoin developer Casey Rodarmor released the Ordinals protocol, which is an asset issuance protocol based on Bitcoin, mainly composed of two core components: Ordinals ordinal theory and Inscription inscription. Specifically, the Ordinals protocol takes advantage of the unique characteristics of Satoshi to extend a single serial number to include data such as text, images, videos, and contracts. This makes each Satoshi a carrier of unique information and stores the data on the Bitcoin link, ensuring its non-tamperability. BRC20 Protocol On March 8, 2023, anonymous developer Domo launched BRC-20 based on the Ordinals protocol, which is a Bitcoin ecological token issuance protocol similar to ERC-20. The special point of Brc20 is that it is a set of JSON text-like inscriptions with fixed rules and formats. $ORDI is the first BRC-20 token deployed by Domo. Taking $ORDI as an example, it stipulates the protocol rules, name, number of each piece, and maximum amount. However, BRC-20 needs to rely on a third-party index to record the ledger off the BTC chain, which adds extra workload to the system and becomes a weak point of the system. https://ordinalscan.net/inscriptionAtomicalAtomicals is a protocol built on the Bitcoin network. Its purpose is to realize the creation, transfer and upgrade of various digital items on the Bitcoin network, including native digital NFT, game NFT, and digital identity. , domain names and social networks, etc. At the same time, the protocol also supports the creation of exchangeable Tokens, making it possible to issue and trade Tokens on the Bitcoin network. The protocol uses Satoshi, the smallest unit of Bitcoin, as the basic unit of Token. Each Satoshi UTXO represents an independent Token, that is, 1 Token is equal to 1 Satoshi.By binding UTXO to Token, the Atomics protocol successfully circumvents the complexity of Ordinals off-chain indexing and improves the decentralization of the entire system. However, Atomics still faces some problems at present. One of the significant problems is the introduction of proof of work (POW) in the minting process of ARC20 Token. Minters need to run a full node of the Bitcoin network to participate in the minting. Although this ensures the fairness and decentralization of minting, it also limits the participation of most people due to the high technical threshold. In addition, the imperfection of the underlying technology makes it easy for users to lose ARC20 Tokens when making Bitcoin transfers. EthscriptionsEthscriptions is a protocol that replaces smart contracts and L2, allowing users to share information and perform calculations at low cost on Ethereum L1. It enables decentralized computing by applying rules to Ethereum call data to bypass smart contract storage and execution. In August 2023, Ethscriptions introduced a virtual machine (ESC VM) to enhance its functionality and make it a general computing engine. Source: https://dune.com/tyler3/ethscription-indexer 2024.1.14Dune data shows that as of January 14, 2024, the Ethscriptions inscription serial number exceeded 3.593 million, the total number of users exceeded 165,000, and the cumulative number of transactions exceeded 32 Thousands of pens. Judging from the increasing number of daily active users and inscriptions, Ethscriptions has grown at a relatively stable rate since October 2023. iERC20iERC20 is a new Ethereum-based token protocol that provides a low-cost token ecosystem that allows anyone to deploy, mint, and trade tokens on it. The uniqueness of the iERC20 protocol is that it not only develops the Swap function, but also integrates the EVM cross-chain function, building a bridge between Ethereum Inscription and traditional Layer2. This feature enables the protocol to introduce more mainstream coins and stable coins, thereby expanding the TVL of the Inscription ecosystem and providing more development possibilities for the entire system. In addition, the iERC20 protocol also introduces PoW and DPOS mining to make IERC20 more decentralized and democratized. This strategy is expected to bring new impetus to the development of the Ethereum ecosystem. Source: https://x.com/EthinscXYZ/status/1745254515169997173?s=20Solana chain Solana chain’s first inscription-based token SOLS is created based on SPL-20 similar to the Ordinals protocol BRC20, with a total supply of 21,000. SPL20 is also a set of JSON text-like inscriptions with fixed rules and formats. It differs from BRC20 in that it changes the protocol name of the "P" field to "P": "spl-20". Source: https://www.libreplex.io/fairlaunch/deployments Although the casting process of Sols is relatively complex, it is still very popular. In addition to using the innovative form of inscriptions engraved on NFT, it also uses casting, double locking, and migration to verify Multiple link screening increases inscription effectiveness. Data from the NFT platform Magic Eden shows that as of January 14, 2024, Sols ranked third on the trading list, with a floor price of 42.43 SOL (cost 0.1 SOL) and a total trading volume of 590,800 SOL. Source: https://magiceden.io/marketplace/sols_spl20?activeTab=itemsAVAX chain AVAL is an inscription based on ASC20, with a total of 21 million pieces, and has received the attention and support of Ava Labs CEO Emin Gun Sirer. ASC20 is also a set of JSON text-like inscriptions with fixed rules and formats. It differs from BRC20 in that it changes the protocol name of the "P" field to "P": "asc-20". Source: https://docs.avaxmarket.xyz/ According to DeFiLlama data, on December 20 alone, the Avalanche network generated $9.72 million in revenue, mostly from the gas fees consumed by the community in inscription casting. Source: https://defillama.com/chain/Avalanche 2024.1.14SUI Chain ISSP is the first infrastructure project on SUI Network that integrates Inscription Launchpad, Marketplace and Swap. Relying on the natural advantages of Sui Network’s unique Inscription system object model, The Sui-20 standard protocol inscription has been initially launched on Sui Network, and by improving the infrastructure, more developers and communities will participate in the ecological construction of Sui Network inscription, and jointly promote the ecological development of Sui Network. ISSP uses the indexer that comes with the Sui chain node to index inscription data to obtain the highest performance and most stable inscription experience. At the same time, ISSP supports inscription seamless docking with CEX, without the need for CEX to develop additional docking inscription protocols. Source: https://issp.io/Polygon The first Polygon inscription pols are minted based on PRC-20. The token protocol is based on the Ordinals protocol. The total amount is 2100. It is also the first inscription on the EVM chain.The over-the-counter price of Pols once soared, and it was even sold on the second-hand trading platform Xianyu. According to the DUNE platform, the popularity of PRC-20 once caused the Polygon network GAS to soar. On November 16, 2023, the single-day GAS consumption reached the highest level, which was 88,000. Source: https://dune.com/satsx/pols-exclude-internal-tx Other POW chains DogechainDrc-20 protocol is a protocol based on Ordinals on the Dogecoin chain. Its function is similar to the Bitcoin chain, but due to its low cost The transfer fee and strong meme attributes are welcomed by everyone. $UNIX is the first UTXO-based Dogecoin exchange to support transactions between inscriptions. There are currently 36,200 holders, and the total trading volume is 109,576. Source: https://unielon.com/drc20/UNIX Summary In summary, in this inscription boom, although the data usually promoted by major public chains look very eye-catching, under the impact of inscriptions, those that have always advertised high-speed , low-cost, high-performance public chains have encountered setbacks one after another, their performance is unsatisfactory, and they have shown their true level under extreme stress tests. It is worth noting that Bitcoin and Ethereum have performed very steadily. Although their mainnets have faced congestion and transaction fees have skyrocketed, they have remained healthy while executing transactions. Summary Although investors have flocked to the Inscription ecosystem driven by the wealth effect, Inscription also faces a series of challenges due to its fair distribution and first-come-first-served characteristics, including high network fees and script issues. In addition, most inscriptions currently on the market still rely on factors such as institutional support, community participation, and Meme culture to stimulate market sentiment, while also facing long-term difficulties such as weak application narratives, insufficient infrastructure, and lack of liquidity. Although the controversy over the value of inscriptions has not yet subsided, innovators are always moving forward, and the field of inscriptions will also usher in broader possibilities. Author: Brother Biquan Translator: Brother Biquan
1/12) The Cryptocurrency Bull Market is Here; If You’re New here; Welcome It’s Normal to Feel Overwhelmed Right Now; Don’t Panic Read My Guide to Cryptocurrency Hitchhiking First: Helping You Navigate This Year Full of Opportunities, Scams, and Memes The Incredibly Big World 2/12) Initially, Bitcoin was created which made a lot of people very angry & was widely considered a bad move as greed and fear have pushed speculation to insane heights of hypocrisy on our part. It’s a boom bust cycle; never forget & never forget to bring a towel! 3/12) Again; many people think we made a big mistake by getting down from the trees in the first place Some say even trees are a bad move. No one should leave the ocean which explains why some apparently sane people still support BTC4/12 today) because it is a mistake to think that potatoes alone can solve any major problem! The chances of figuring out what the heck is going on with cryptocurrencies are so slim. The only thing left to do is to keep a feel for it & keep yourself busy with endless crypto research! 5/12) There is a problem with this planet and that is that many of the people who live on this planet are unhappy most of the time. Many solutions have been proposed but most involve the movement of little green pieces of paper, which is weird because; no Be happy not with those little green pieces of paper 6/12) This is why, paradoxically, finding sources of happiness outside of cryptocurrencies is the key to “success” Materialism is a disease; get out & touch the grass! This is how we overcome the madness of the world we live in so hold on to your towel for dear life! 7/12) Resist the temptation of maximalism, because there is only madness; the psychological trap because we must demand strictly defined areas of doubt and uncertainty! It is enough to see the beauty of the garden, it is not necessary to believe that there are fairies at the bottom of the garden too 8/12) A common mistake people make when trying to design something completely foolproof is to underestimate the ingenuity of a fool. This is why governance in blockchain design So important! Protect us from the wonderful properties of human nature 9/12) It is well known that the people who most want to rule others are actually the people least suited to do so. To sum it up: Anyone who is capable of being elected president should absolutely not be allowed to hold this office Work power corrodes cryptocurrencies too!10/12) Value is an illusion. Lunchtime doubling “Of course we’ve all become very rich since we decided to adopt leaves as legal tender a few weeks ago” Don’t be fooled by fantasy; it’s all bullshit; utilities cut through the BS Ask yourself what is good SoV11/ 12) Go back to first principles & question everything. Only then will you discover what is on the other side of the curtain. Most of what we have been taught in the cryptocurrency space is a lie! Soaring with determination like a bird above the plains of tradition and tradition. Prejudice must have strong wings 12/12) Thanks to Douglas Adams for inspiring us! This thread quotes & paraphrases The Hitchhiker's Guide to the Galaxy If you haven't read or listened to it yet, do yourself a favor and read it. Here goes; sometimes it helps to not take things too seriously for so long & thanks for all the fish!
Has MEME already started the first round of the bull market cycle?
The most popular ones recently are AI and memes.
When Doge started to rise a few days ago, I did not hesitate to increase my position in $Doge, $SHIB and $Pepe. The three meme fools in the currency circle have made good gains, so the first priority when the meme breaks out is not to hesitate and run quickly. to keep up the pace.
Amid the growing crypto investing trend, meme tokens are making a splash, delivering huge returns to investors. Five meme tokens have the potential to be the darlings of the crypto market in 2024.
Bonk (BONK): Increased adoption due to listing on major exchanges
Bonk is a token under the Solana ecosystem and has become the first choice of many investors.
Despite the economic downturn late last year, Bunker enters 2024 with strong bullish momentum.
NuggetRush (NUGX): Digital Gold for Gaming and Cryptocurrency Lovers
NuggetRush, with its unique features, is expected to dominate the cryptocurrency market by 2024. The project not only provides entertainment through Play-to-Earn gaming, but also offers players attractive earning opportunities.
The NuggetRush presale has shown significant growth potential, with over 184 million NUGX tokens sold.
Pepe Coin (PEPE): Choose Allure to Attract Investors
The project combines internet meme culture with non-fungible tokens (NFTs) to provide real utility to their holders.
By capitalizing on the NFT craze, Pepe Coin has managed to attract wider investor attention. The spike in PEPE trading volume points to a positive outlook for the future of the token.
Dogwifhat (WIF): New Dogecoin Killer Emerges
The growth in WIF’s market capitalization demonstrates its status as one of the most dynamic meme tokens today. It features a Solana developer's dog wearing a knit hat. Since its inception, WIF has risen more than 50,000%.
Basketball star Lebron James' unexpected move popularized Dogwifhat, sending WIF prices soaring. The project remains one of the hottest meme tokens in 2024.
Don't waste your time on losers; instead, ride the wave of hype.
How to find popular meme coins:
➢ Pay close attention to prices ➢ Curate Twitter lists with meme coin influencers ➢ Track the biggest gainers on DEX Tools or DEX Screener
Focus your attention on a few selected coins:
➢ Visit https://dextools.io/app/en/gainers ➢ Click "custom filters" below ➢ Set total liquidity, trading volume and minimum swap value
By filtering in this way, you protect yourself from scam projects and cut out the noise.
2. Check the community atmosphere of the token
Once you’ve compiled a watchlist of meme coins, take a deep dive into the strength of their communities.
Community is the most important factor affecting Meme coins.
Therefore, a good meme coin should be fun, engaging, and simple.
To check a coin’s community strength:
➢ Scan social media: Twitter, Telegram, Discord for updates ➢Check if the token is popular on DEX Tools and Coingecko ➢ Evaluate the engagement rate of their posts
3. Research fundamentals
While fundamentals may not be as important for meme coins, solid ideas can still help you spot winners and avoid scams.
It's important to filter to reduce exposure risk and prevent your investment from going to zero.
Ask yourself these key questions:
➢ Who is on the team? Are they good at hype? ➢ Review token economics. Any tips for burning tokens or fighting inflation? ➢ What makes them stand out from other meme coins?
4. Always bet on leaders
In the early stages, the leader of the narrative often determines whether or not it can outperform other coins.
However, you can predict the end of the hype cycle and move to a similar narrative with a lower market cap.
If you enter $BONK early, you will catch the huge increase
Now, with their market cap reaching billions of dollars, those Solana meme tokens with a market cap of $5-10 million look enticing.
Leave it as is – rotating coins too early can mean missing out on gains and taking on avoidable risks.
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