In 2023, Pepe Coin (PEPE) and Bonk (BONK) tokens experienced a surge in popularity and speculative trading activities, captivating investors worldwide. However, their lustre has since faded, paving the way for a new era of innovation and real-world utility. A new contender has captured the attention of investors and enthusiasts alike. Retik Finance (RETIK), a trailblazing decentralized finance (DeFi) platform, recently raised a staggering $32 million during its presale, solidifying its position as a force to be reckoned with in the industry.

Pepe Coin (PEPE)

Pepe Coin (PEPE) was launched in April 2023, catching investors’ attention with its distinctive branding and meme-inspired appeal. Fueled by speculation and hype, the token skyrocketed, attracting a massive influx of investors. However, as the market cooled and the novelty wore off, Pepe Coin’s value stagnated, and its future remained uncertain.

Bonk (BONK)

Bonk (BONK), another meme-inspired cryptocurrency, gained traction in late 2022, riding the popularity surrounding these lighthearted digital assets. While it initially garnered substantial trading volume and market interest, recent data suggests a decline in activity, potentially indicating a consolidation period or a shift in investor sentiment.

Retik Finance (RETIK): Redefining DeFi with Real-World Utility

Retik Finance has introduced a suite of ground-breaking products and services aimed at bridging the gap between traditional finance and the decentralized world, with the goal of revolutionizing the industry.

DeFi Debit Cards: Seamless Crypto Transactions

One of Retik Finance’s flagship offerings is its virtual DeFi debit cards, a game-changing innovation that allows users to transact with cryptocurrencies in the real world seamlessly. Capitalizing on the growing demand for practical crypto solutions, Retik Finance has launched the beta version of these virtual debit cards a full year ahead of schedule, enabling users to experience the future of finance today.

Retik Pay: Revolutionizing Crypto Payments

Complementing the DeFi debit cards is Retik Pay, a cutting-edge crypto payment gateway that facilitates seamless transactions. Retik Pay empowers businesses and individuals to embrace the benefits of decentralized finance effortlessly by eliminating the barriers associated with traditional payment systems.

Retik Wallet: Non-Custodial and Highly Secure

Ensuring the safety and accessibility of users’ digital assets is a top priority for Retik Finance. To this end, the project has developed a multi-chain, non-custodial, and highly secure DeFi wallet, providing users with complete control over their funds while maintaining robust security measures.

AI-Powered Lending: Innovative Financial Solutions

Retik Finance’s AI-powered lending platform is set to disrupt the traditional lending landscape. By leveraging advanced artificial intelligence algorithms, the platform offers personalized lending solutions tailored to each user’s unique financial profile, ensuring fair and transparent lending practices.

Presale Triumph Sparks $5,000 Giveaway from Retik Finance

Following the success of its presale, Retik Finance has announced a $5,000 giveaway as a token of appreciation for its dedicated community. The groundbreaking DeFi platform encourages supporters to capture the spirit of celebration by creating unique photos, videos, or memes commemorating the presale’s remarkable achievement. Twenty-five lucky winners will be chosen and awarded a $200 prize. 

Visit the links below for more information about Retik Finance (RETIK):

Website: https://retik.com

Whitepaper: https://retik.com/retik-whitepaper.pdf

Twitter: www.twitter.com/retikfinance

Telegram: www.t.me/retikfinance

The cryptocurrency industry has experienced a significant upswing, and riding on the same BEFE Coin has seen outstanding price increases. Seasoned investors and memecoiners are becoming curious to know more about BEFE Coin’s potential.

BEFE has become a hot favorite and stands out from among the present league of memecoin, attracting interest from both active memecoin clubs and nascent investors. In what particular ways has BEFE gained this bullish pace? Let’s dig out the reason!

BEFE’s Emergence in The Meme Coin World

BEFE is tax-free therefore, transactions using BEFE are simpler and more alluring. BEFE is a great choice for any investor who would like not to deal with the complexity of the charge schedule.

BEFE is one of the most well-known players in the meme coin market, and it is growing and finding use cases rapidly. Unlike many other coins, BEFE was touted as a fair launch project and had no presale. This immediately increased accessibility for many potential customers.

BEFE Coin has seen a trading volume of $284,406 over the past 24 hours, indicating a very active community even when the market is in decline. At this point, investors should be feeling very confident about BEFE, as its fully diluted valuation is still $15,925,820. Having reached its all-time high of $0.001128, BEFE has recovered from its all-time low by $24.36% demonstrating great rebound and resilience in investors’ interest.

Why BEFE Should Be Your Top Choice among The Other Meme Coins

BEFE Coin stands out from many other meme currencies for its usefulness and style. Unlike some of its predecessors, like DOGE and PEPE, which saw a lot of pre-launch hype and an extremely complex financial structure, BEFE got off to a 100% fair start. This makes it more popular and less susceptible to a large number of investors.

BEFE does not impose any transaction taxes. This is unusual in the conventional crypto market since transaction fees might function as an additional barrier to entry for potential investors because of their complexity and additional expense. This strategy not only makes trading easier, but it also makes trading more alluring.

BEFE provides liquidity for trade on several platforms, most notably decentralized exchanges like Uniswap and Pancakeswap. BEFE’s easy-to-use transaction system, active community, and clear value make it one of the favourite choices in the meme coin space. BEFE is therefore ready to captivate both seasoned investors and those who are new to the cryptocurrency world.

Conclusion

BEFE is now considered the king of meme coins since its rise is almost identical to the previous major meme coins like Dogecoin and Shiba Inu. 

The BEFE sensation has been steadily rising over the last five weeks. Investors’ aspirations are high on BEFE about its price touching to $0.01 very soon. This phenomenon may keep growing until the end of the year as more investors join the BEFE community. So, this is the right time to choose BEFE.

Victoria, Seychelles, April 27th, 2024, Chainwire

Bitget, the world’s leading cryptocurrency exchange and Web3 company, has announced to upgrade its Zero-Fee Campaign to Trade to Mine Promotion. This new initiative incentivizes users with Bitget Token (BGB) for trading BTC/USDT and ETH/USDT in the spot market. Daily transaction fees generated by these two pairs will be returned to traders in the form of BGB tokens, and the event will go live on 28th April and end on 20th May, 2024.

The distribution of rewards will be based on the volume of spot transactions in BTC/USDT and ETH/USDT pairs completed the previous day. To provide a better advantage to new users, API transactions, sub-accounts, institutional users, and market maker accounts are excluded from this program.

The total reward pool is directly correlated to the total handling fees collected from eligible BTC/USDT and ETH/USDT transactions, ensuring a fair distribution of rewards among participants. Users can expect the reward amount to be calculated based on the previous day’s data, which will be updated daily at 8:30 pm UTC.

To claim rewards, users can participate by visiting the campaign. Each participant can potentially earn up to a maximum of 500 BGB per day. All unclaimed rewards after the event’s conclusion will be automatically distributed to users’ spot accounts within three days.

For more information on participating, users can visit here.

This isn’t the first time Bitget has given back to its community. In response to the recent all-time highs of Bitcoin and Ethereum, along with major events like the Bitcoin Halving and Ethereum’s Dencun Upgrade, Bitget introduced zero fees on BTC and ETH transactions. This strategic campaign made crypto trading more accessible and affordable for Bitget users. By eliminating trading costs, Bitget aims to encourage broader participation and ease entry for new traders and investors into the crypto space.

About Bitget

Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 25 million users in 100+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, swap, NFT Marketplace, DApp browser, and more. Bitget inspires individuals to embrace crypto through collaborations with credible partners, including legendary Argentinian footballer Lionel Messi and official eSports events organizer PGL.

For more information, users can visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet

Contact

Public RelationsSimran ABitgetmedia@bitget.com

BEFE is at a price range below 1 cent at the moment, but with the latest attention it has been getting, it might break the 0.01 level in the next two weeks. But in the move towards 0.01, several factors will be responsible for the pump and fast drive-up. What could be pushing this meme coin towards the 0.01 zone? And when should we expect this move to happen? These are a few of the questions speculators have been asking and trying to answer as a guide for investors who want to get on the BEFE trade faster.

As we move closer to BEFE, we see its growing potential to outdo the records of other popular meme coins. Taking an insider approach to getting answers to the factors showing investors that this is a potential millionaire maker, we will be starting from the most obvious; the community.

Beefing Up the BEFE Community

BEFE community is one factor creating the opportunities for the meme coin today. The community is currently adding to the echo shouting up the profit potentials of BEFE across platforms. The past growth has been credited mostly to the community’s hype, therefore, for it to get to $1, we also can’t overemphasize the importance of the BEFE community.

BEFE has been growing one step closer to 0.01 in the last 5 weeks with a continuous boost affecting the price of the meme coin every day. The community is spreading across different social media platforms and actively talking about the BEFE coin to make sure everyone on the Internet stays connected with the meme coin.

Impact of Investors in the Last Weeks and Expectations from Them in the Coming Weeks

It is always difficult to decide what investors are thinking at every point in time in the crypto market. This is primarily because most investors are just about what project could give them the most profit. But, in the last 5 weeks, investors’ activity has been pushing the BEFE coin higher than others are getting. The price has moved more than 20x over the last 6 weeks, suggesting that we might be moving into a range that sees the BEFE coin touch the $0.01 mark.

As the growing hype on BEFE continues in the internet space, we should be expecting more investors to join the BEFE coin. This could see the BEFE coin touching all the highest ranges it has created in the past and is likely creating new ones. With this in mind, the potential for BEFE to get to the $0.01 mark in about 3 weeks could be sooner than we think.

Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this press release does not represent any investment advice. TheNewsCrypto recommend our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this press release.

Altcoins, meme coins, and layer-1 cryptos face price swings amid Bitcoin stability concerns.

Bitcoin is struggling to maintain crucial support at $63,500.

The latest update from the cryptocurrency market shows a slight uptick in global crypto activity, albeit with some notable declines. The overall market capitalization dipped by 1.79%, to $2.33 trillion, and a 19.83% decrease in total trading volume, now at $63.56 billion.

Bitcoin is facing challenges in maintaining support levels after its fourth halving on April 20, particularly struggling around the $62,700 to $63,500 mark. While Bitcoin grapples with stability, attention has turned to altcoins, with memecoins and layer-1 cryptocurrencies leading the charge to outperform Bitcoin over the past month. This shift has sparked discussions among traders about the potential onset of an altcoin season. 

Market Watchers 

Over the past month, the altcoin market has witnessed significant value growth, particularly amid concerns about Bitcoin’s halving. However, today, major altcoins experienced a decline in their values, suggesting a potential reversal or consolidation in the market.

Ethereum (ETH), the second-largest cryptocurrency, is encountering resistance in breaching the $3,150 zone, while BNB and Solana have experienced 3% and 5% declines in their respective prices over the last 24 hours.

The frenzy surrounding meme coins, which has captured the attention of the entire market, has also encountered a substantial decline in prices. Prominent meme coins like Dogecoin (DOGE), Shiba Inu (SHIB), and PEPE are among those experiencing significant drops in value.

It’s the dawn of a new crypto bull run and as all the signs continue to align, Bitgert coin (BRISE) is set for a price surge that could deliver up to 2000% ROI for investors.

Shortly after Bitgert launched in 2021, it reached a market cap of about $350 million. At the time it made a lot of early adopters richer and produced more than 5,000% Increase gaining the vote of confidence from many profitable crypto traders. 

Unfortunately, the Bitcoin bearish momentum played a part in kneecapping the value of many promising coins, Bitgert included.  Now that bitcoin is all set for a bull run and has continued to create a new all-time high (ATH), it’s also a sign for many investors to get ready for a Bitgert price surge. 

Major Contributors to the Bitgert Next Price Surge

Unlike many flashy crypto projects, Bitgert prioritizes real-world solutions. Analysts are impressed by Bitgert’s focus on reducing transaction energy consumption while maintaining network security and speed. This focus on sustainability is a major selling point for investors seeking long-term growth in the blockchain space, and also one of the major contributing factors to the next Bitgert price surge. 

It’s especially true since crypto veterans with a keen eye for potential are already flocking towards Bitgert coin (BRISE). The coin’s impressive recent gains (26.68% last week, 108.63% past month) coupled with its commitment to sustainable development is attracting investors seeking stable, long-term growth in the blockchain world.

Bitgert Coin, Finally a Chance to Create an ATH 

When it comes to trading cryptocurrencies, only time will tell what becomes of any token. However, it might be too late for investors who don’t decide to be part of the move as Bitgert is getting ready to create an ATH with a possibility of more than 2000% return on investment. 

Notably, bitcoin halving happened not too long ago leaving the crypto market potentially on the cusp of a bull run. Bitgert Coin presently offers a unique opportunity to leverage this next bull run for amazing returns. 

The combination of innovative tech, a focus on sustainability, and a growing community of believers has created the perfect storm for a potential price surge.

Conclusion

It’s necessary to do your research before going all in on any project. However, Bitgert Coin is currently the once-in-a-lifetime token that’s worth going all-in. 

Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this press release does not represent any investment advice. TheNewsCrypto recommend our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this press release.

Greg Solano shared the news via a series of tweets and postings on the Slack platform.

According to Solano, the goal is to establish a smaller, more agile workforce.

The firm reorganization was announced by Yuga Labs, the maker of the Bored Ape Yacht Club (BAYC) NFTs. Greg Solano, who is both a co-founder and the company’s newly-returned chief executive officer, made the news via a series of tweets and postings on the Slack platform.

According to Solano, the goal is to establish a smaller, more agile workforce that is in line with crypto-native principles in order to return the firm to its original size and operational foundations. The dynamic nature of the digital asset market necessitates this shift as Yuga Labs strives to regain its status as an innovative firm.

Changing Market Conditions

Following the layoffs that occurred in October of last year, another wave of layoffs is part of the reorganization plan. The decision is part of a larger strategy to drastically reduce staff in order to boost operational efficiency, although it did not specify how many jobs will be impacted.

This project exemplifies Solano’s aim to return the corporation to its humble beginnings, when it was a lean but mean squad capable of making snap choices. Reducing the difficulties brought on by fast expansion and refocusing attention on critical initiatives that are in line with the company’s fundamental goals are the two main aims.

After a time of rapid expansion, Yuga Labs is now in a position where it has to reorganize. Market conditions have changed since the firm raised $450 million in March 2022, when it was valued at $4 billion. The issue has become much worse due to the decline in ApeCoin’s value and the overall negative trend in the NFT market.

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Will Bitcoin Bulls Triumph Over its Current Trials?

Bitgert Coin has been making waves and setting new standards in the crypto space since its inception, with its promising features and technological innovations. Investors now seek for projects that will yield a lot in their investments and bitgert is one that has met up with that standard.

With its solid foundation and unique developments in its early stage of inception, it is important for investors and traders to know that there is every possibility that Bitgert’s coin attained a massive surge in the near future of over 2000%.

Bitgert’s objective to provide investors with outstanding features, a seamless and secured trading ecosystem, has seen its demand rise and its development on the  increase. The low transaction fees and its fast transaction process has also seen this upward movement.

BITGERT Coin: A Massive Surge Incoming For The Future

In the rapid growth and expansion of the crypto space, the innovative technology of bitgert coin has made it among the top contenders, especially its use of the Binance chain. It has got the potential and capabilities to adopt and expand in the world of crypto due to its ability to make use of opportunities to further create a better decentralized exchange and NFT market place.

The bitgert community and team have been very active and committed to the growth of it’s cryptocurrency. They’ve got all a crypto project needs to create demand for its cryptocurrency and increase its price.

The bitgert team is still looking for more unique ways to develop and expose its coin and exchange. This will cause a massive rise in its price as there will be an increase in demand.

The more extensive crypto currency market bullish insight and expansion has further made for a convenient environment for Bitgert’s coin development.

Bitgert Coin’s unique feature and potential has foreseen the interest of many experts and traders who are looking to diversify their portfolio.

BITGERT Coin Price Forecast For The Future By Experts 

Bitgert has been forecasted to reach a new high price in the coming weeks and months, of over 2000%. Investors and experts are inquisitive about the future price of Bitgert’s coin. However, seeing that in the short run bitgert coin has seen a high surge, experts now predict it will surpass its ATH in the long run.

A 2000% may look too conjured.. However, Bitgert with its features and potentials will do above that in the coming weeks. If Bitgert continues with this pace and drive in delivering the best to Investors, there is not a doubt that investors confidence will be strengthened further fueling the rise in its price.

Conclusion 

Bitgert has made itself a representation of a unique opportunity for Investors looking to gain financial stand and harness the potentials of decentralized blockchain.

The future has always been promising for BIGERT, its surge to 2000% growth is very much feasible as experts have forecasted.

It’s best to check out their website for more info

Bitcoin’s price drop triggers FUD, signaling potential market recovery.

Significant whale movements and Bitcoin ETF trends shape market sentiment.

The cryptocurrency market finds itself gripped by fear, uncertainty, and doubt as the bears tighten their grip on prices. Bitcoin, the bellwether of the crypto world, plummeted to a low of $63.4K, triggering anxiety among traders. Social media platforms are witnessing a scarcity of buy calls while sell signals surge, painting a bleak picture for short-term prospects. 

The global crypto market cap has undergone a 1.50% decline in the last 24 hours, settling at $2.33 trillion. This downward trend extends to trading volumes, with a notable 18.84% decrease to $64.32 billion. The DeFi sector’s trading volume is $5.36 billion, constituting 8.34% of the total market activity. Notably, Bitcoin’s dominance has experienced a slight dip, currently at 53.33%.

However, amidst the prevailing FUD, there emerges a glimmer of hope as historical data suggests that such sentiments often precede market recoveries.

BTC Price Chart, Source: Santiment Team Bears or Team Bulls?

In market turmoil, a notable whale movement has caught the attention of traders. Just 43 minutes ago, a whale deposited a staggering 1,200 BTC ($77.67 million) into Kraken, signaling a potential strategic move amidst the price volatility. This action follows a series of significant accumulations by whales, with one entity accumulating 24,755 BTC ($1.68 billion) between March 1 and April 15, at an average price of $68,051.

Meanwhile, the latest data on Bitcoin ETFs reveals a concerning trend. The net inflow for April 26, 2024, stands at -$84 million, marking the third consecutive day of negative flows. Six out of ten Bitcoin ETFs recorded zero flows, with BlackRock iShares Bitcoin Trust IBIT experiencing no activity for three consecutive days.

However, there are signs of resilience as Grayscale Bitcoin Trust GBTC managed to reduce its single-day outflow from $139 million to $82.4 million. The daily Relative Strength Index (RSI) sits at 45, indicating nearing oversold conditions, potentially paving the way for a market rebound.

As the community navigates through this period of uncertainty, all eyes remain on market dynamics and investor sentiment, with hopes pinned on a potential recovery in the near future.

BONK has surged over 4100% in a year, placing it among the top gainers in the market.

Revolut has added BONK to its cryptocurrency portfolio.

Amid the ongoing frenzy surrounding meme coins, Bonk (BONK) has emerged as a notable contender, experiencing a surge in value following a recent downturn in the market. This spike in price coincides with the conclusion of the fourth Bitcoin halving, adding to the excitement among cryptocurrency enthusiasts.

Recently, Revolut, a prominent global neobank, has expanded its cryptocurrency offerings by introducing the BONK meme coin to its trading platform. This move is part of Revolut’s strategy to provide users with a wider selection of digital currencies globally, ensuring access to over 150 digital assets.

BONK Price Prediction-24H

BONK has seen a significant increase in its value, climbing by 60% in the past week alone. Its impressive one-year performance showcases a staggering 4118% rise in value, positioning it as the top gainer among meme coins. According to CoinMarketCap, Bonk currently holds the 59th position with a market cap of $1.78 billion.

However, today the meme coin saw a 6% decline in its value parallel with the global crypto market trend. All other coins, including Bitcoin, are facing a downtrend. At the time of writing, BONK traded at $0.000024 with a daily trading volume of $424 million.

Analyzing the technical outlook, BONK exhibits indications of potential further gains. The currency’s pivotal point is currently established at $0.000025. If BONK sustains momentum above this level, it could lead to testing immediate resistance levels at $0.000028, which could trigger more rallies toward the resistance levels of $0.000033 and $0.000035.

Conversely, if BONK fails to maintain this crucial support, it may result in testing support levels at $0.000020 and $0.000017. That would trigger more losses and send the price level to $0.000014 support. A breach below these levels could trigger a significant price decline.

Federal Reserve Banks are given authority over the granting of master accounts.

Financial institutions have the most direct access to the U.S money supply via these accounts.

Following last month’s ruling by a Wyoming court that Custodia Bank did not have the right to a Federal Reserve master account, the digital asset bank filed a notice of appeal on Friday.

As the latest development in a long-running dispute over the bank’s potential access to the central bank’s payment systems, the notice was filed by Custodia’s lawyers in the U.S. District Court for the District of Wyoming.

Pursue of Master Account

Federal Reserve Banks are given authority over the granting of master accounts, according to a March ruling made by Judge Scott Skavdahl. Financial institutions have the most direct access to the U.S. money supply via these master accounts, which also provide them direct access to the Fed’s payment systems.

In order to access services, those without master accounts are sometimes compelled to depend on partner banks that do have master accounts.

The judge said in a ruling last month:

“If Custodia’s position was correct, it would effectively mean that every depository institution chartered under the laws of a state, regardless of how soundly crafted, is entitled to a master account allowing it direct access to the federal financial system.”

The Kansas City Fed received Custodia’s master account application in 2020. The company was formed by Caitlin Long, a seasoned Wall Street professional. The Board of Governors of the Federal Reserve System wanted to assume control of the decision-making process in the spring of 2021.

After that, in 2022, Custodia took legal action by suing the Federal Reserve Board of Governors and the Federal Reserve Bank of Kansas City for their delayed decision about its master account application to the central bank. In January 2023, the request for a master account made by Custodia was subsequently declined.

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Victims of crimes may seek to recover funds confiscated from their cryptocurrency accounts.

Privacy coins were emphasized in the release as being “detrimental to the public good.”

Authorities in the United Kingdom now have more power to “seize, freeze, and destroy” offenders’ crypto holdings, according to the National Crime Agency (NCA) and police. The country’s law enforcement will be able to confiscate cryptocurrency assets without first making an arrest, according to the new regulations.

A press statement from the United Kingdom’s Home Office states that while investigating a crime, authorities have the authority to confiscate materials such as memory sticks or passwords. If British authorities determine that reintroducing a cryptocurrency into circulation would be harmful to society as a whole, they will also have the authority to remove it from circulation.

Empowering Law Enforcement

As of April 26, part of the new regulations allows law enforcement to move seized crypto to wallets under the authorities control, and victims of crimes may seek to recover funds confiscated from their cryptocurrency accounts.

Moreover, British Home Secretary James Cleverly emphasized that lawbreakers should not benefit financially from their illicit endeavors. Cleverly stated that the additional police powers were justified by crypto fundraising efforts by various parties. The new rules were put in place when a criminal statute was passed by the British parliament in 2023, which allowed for the quick confiscation of crypto.

Privacy coins were emphasized in the release as being “detrimental to the public good.” A much greater degree of anonymity is provided by privacy coins, in contrast to the pseudo-anonymity offered by most cryptocurrencies.

When a wallet address is linked to a person’s identity via processes like Know Your Customer (KYC), it becomes possible to track and identify all transactions performed by that wallet, even while the addresses themselves remain anonymous.

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A gradual shift is taking place in Cardano’s hybrid paradigm toward full P2P networking.

The highly awaited upgrade, the Ouroboros Genesis, has been teased by IOG.

The first-ever phase of Ouroboros Genesis is almost here, and with it, a massive improvement for Cardano. This shift is revolutionary since it incorporates P2P (peer-to-peer) activities in its entirety.

The decentralization, security, and resilience of the blockchain are all enhanced by peer-to-peer networking. The ability to transmit and synchronize data directly amongst participants eliminates the need for intermediaries. A gradual shift is taking place in Cardano’s hybrid paradigm toward full P2P networking. In recent months, it has achieved modest progress.

Beginning of a Series of Modifications

Moreover, automating peer selection procedures became possible with the launch of Cardano’s Dynamic P2P technology in March 2023. The upgrade to node v.1.35.6 had the same effect. As a result, it simplified the role of relay and block-producing nodes and improved communication across dispersed nodes. Instead, dynamic setups took their place, doing away with static ones and the need for stake pool operators’ (SPOs’) manual input.

The highly awaited upgrade, the Ouroboros Genesis, has been teased by IOG, the corporation that governs Cardano. Consequently, this is only the beginning of a series of modifications; the whole Chang upgrade is scheduled for the summer. During the genesis phase of the Cardano network, it allows a predetermined selection of nodes to function completely autonomously.

The Ouroboros Genesis is an upgrading block for Chang. Designed to simplify the process for newly-connected nodes, it streamlines the network setup process. Currently, in order for a node to join the network, it must first get a secure SPO from a validator. This process is then coordinated with another reliable SPO or organization. Since this integrates Ouroboros Genesis with the autonomous process, this kind of coordination is superfluous.

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Buterin chimed in to point out that the PoW algorithm is centralized. 

Application-Specific Integrated Circuits (ASICs) were another topic that Buterin brought up.

As tensions rise within the Ethereum community, Vitalik Buterin, co-founder of Ethereum and a supporter of the network’s transition from the Proof-of-Work (PoW) to the Proof-of-Stake (PoS) consensus mechanism, has provided some justifications for the change. In particular, American entrepreneur Amanda Cassatt’s X post prompted his response.

According to Cassatt, many Ethereum users are privately complaining about the network’s move to PoS. After that, Cassatt recanted the idea that some Ethereum users wished the platform had maintained the PoW consensus mechanism.

Aiming at Decentralization

A user on X directly questioned whether or not the PoS transition would be beneficial to the Ethereum network, lending credence to the arguments in favor of the change. The transition, known as The Merge, occurred on Ethereum over a year ago.

Although few bring it up, Buterin chimed in to point out that the PoW algorithm is centralized. Because of this, it seems the PoS swap was aiming at decentralization of the network as well. Many entities were aware of the co-founder of Ethereum’s stance that PoW was simply a brief phase before PoS.

Core developers continue to argue that the network’s PoS transition will provide the blockchain with its most optimum speed gain, even if the Ethereum community may not like it.

Application-Specific Integrated Circuits (ASICs) were another topic that Buterin brought up, along with the negligence that seemed to accompany them. The Ethereum co-founder said this was because many were worried that there wouldn’t be enough of a financial incentive to build them due to the PoS.

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BlockDAG has set an ambitious target of reaching $30 by 2030, following a remarkable $20.7 million raised in its presale, highlighting strong investor interest and optimism. This target is bolstered by BlockDAG’s innovative marketing move—a captivating keynote teaser from the moon, setting a new standard in crypto promotions and elevating the project’s visibility.

As part of the broader cryptocurrency arena, Litecoin is displaying signs of potential growth, while Ethereum continues to showcase remarkable market resilience. These developments come when the crypto industry seeks more sustainable growth and stability. BlockDAG’s strategic initiatives and groundbreaking marketing efforts are positioning it as a leader in the space, aiming to transform the market with significant returns and influential breakthroughs.

Rising Prospects for Litecoin

Litecoin has shown promising signs that suggest a potential upward trajectory, catching the attention of traders and investors alike who are keen on its recovery prospects. The cryptocurrency has recently surged by 15%, igniting discussions among market analysts about possibly breaking past the current resistance level of $122. Should Litecoin successfully overcome this threshold, it could set its sights on reaching, or even surpassing, a $150 valuation.

This optimistic outlook is further supported by actions from Litecoin miners, who have been notably increasing their holdings in the cryptocurrency. This accumulation by miners reduces selling pressure, potentially paving the way for a bullish stance in the market.

Ethereum Holds Steady Amid Market Speculations

Ethereum, on the other hand, continues to demonstrate remarkable stability amidst the volatile crypto market. Jupiter Zheng of Hashkey Capital comments on the impact of regulatory decisions on Ethereum, noting that while the denial of an Ethereum ETF has not significantly shaken the market, the approval of such an ETF, especially one that includes staking, could trigger a bullish response and a price increase. Currently, Ethereum’s future open interest stands at $12.89 billion, indicating that the market is cautiously optimistic, waiting for regulatory decisions that could influence Ethereum’s price dynamics significantly.

BlockDAG: Pioneering the Crypto Space with Innovative Moves

BlockDAG has captivated the market with its impressive presale and ambitious roadmap. The project is stirring excitement with a teaser of a keynote video from the moon, a novel initiative that is set to boost the project’s profile significantly. Positioned as a frontrunner in the crypto industry, BlockDAG’s presale distinguishes itself as a historical event, showing a new era of innovation and market influence.

BlockDAG has set a high bar with its target of raising $600 million by the end of 2024. With BDAG coins currently priced attractively in the presale phase and an anticipated listing price of $10 by 2025 and $30 by 2030, BlockDAG presents an enticing investment opportunity. The projected ROI could reach an astonishing 30,000x, spotlighting BlockDAG as the standout altcoin of 2024.

Offering More Than Just Investment Opportunities

In addition to direct investment, BlockDAG is enhancing its appeal by offering passive income opportunities through its X-series mining rigs. These rigs promise substantial daily earnings and hold significant resale value. Complementing this is a mobile mining app that allows users to earn BDAG coins effortlessly, alongside a cloud mining service that offers significant mining power without the high energy costs typically associated with such endeavours.

Furthermore, the BlockDAG team is elevating the project’s allure by unveiling a teaser for a keynote video from the moon. This innovative move is set to significantly broaden the project’s visibility and impact, marking the BlockDAG presale as a milestone event in the cryptocurrency arena. Key into BlockDAG and thank yourself you did.

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SHIB, a global leader in the decentralized finance (DeFi) cryptocurrency space with millions of users, said today that it has moved its decentralized exchange, ShibaSwap, from Ethereum to the Shibarium blockchain. The change represents the fundamental improvement in ShibaSwap’s evolution into “ShibaSwap,” empowering creators, cultivating relationships, and propelling innovation on Shibarium.Powered by Shibarium, ShibaSwap will provide a range of new decentralized app (Dapp) utilities and decentralized exchange services, such as:

Bridging a range of new tokens that will make them native to ShibaSwap.

Improved liquidity pools and characteristics of decentralized finance (DeFi).

Novel farming contracts created especially to reward early adopters and enduring investors.

Additional discovery location for token launches.

Redefining the potential of community-driven experiences: token voting competitions with incentives.

Through the provision of rewards for purchases and exchanges, SHIB is fostering a strong trading volume, therefore cementing ShibaSwap’s position as the preferred platform for community token transactions in Shibarium. All user types will gain from this as it will create a vibrant and healthy marketplace.

Shiba Inu Lead Developer known as Shytoshi Kusama stated:

“The new ShibaSwap aligns with innovators seeking an outlet for their creative endeavors and Shibizens who value fostering a vibrant and inclusive community. It’s the beating heart of Shibarium, where community tokens flourish. Imagine a vibrant marketplace teeming with unique tokens representing your favorite projects, causes, and fellow ShibArmy members.”

Built on the community-first and environmentally friendly Proof of Participation (POP) consensus process, Shibarium focuses on enabling fast transactions with low gas fees and revolutionizing the blockchain user experience. On Shibarium, anybody may create affordable protocols that improve user experience overall while extending the ecosystem’s potential. The $SHIB and $LEASH tokens, SHIBOSHI NFTs, SHIB The Metaverse, the ShibaSwap DEX, and the Shiba Eternity game are among the other expanding sectors of the Shiba Inu Ecosystem that Shibarium also supports.

Fund inflows were almost non-existent after the bitcoin halving as per analyst.

Grayscale Bitcoin Trust (GBTC) investors have been quite negative for a very long time.

Based on recent statistics, Fidelity’s spot bitcoin ETF had net outflows of $22.61 million on Thursday, marking the first day since the fund’s debut in January that more money was moving out of the ETF.

Daily withdrawals of $217.58 million were reported by many additional U.S. bitcoin funds. Data indicated that $139.37 million left Grayscale’s converted ETF, while $31.34 million left Ark Invest and 21Shares’ fund. A total of $20.16 million outflow was witnessed by Valkyrie’s fund, while $6 million was lost by Bitwise.

Fund Inflows Post Halving Almost Non-existent

The only fund that had daily net inflows, with $1.87 million being drawn in, was Franklin Templeton’s EZBC. As it did on Wednesday, the 71-day positive flow run for BlackRock’s IBIT fund came to an end on Thursday, as reported by crypto analyst HODL15Capital. But according to James Seyffart, an ETF analyst at Bloomberg, zero flows are the norm.

According to a research released on Friday by Hong Song-uk, an analyst at NH Investment and Securities, fund inflows were almost non-existent after the bitcoin halving. No subsequent events are scheduled to bring attention to Bitcoin anytime soon, Hong said.

Grayscale Bitcoin Trust (GBTC) investors have been quite negative for a very long time. According to Bloomberg’s Senior ETF Analyst Eric Balchunas, this 72-day stretch is the longest in the history of global ETF funds. The unexpected withdrawals have continued since January, when the US government authorized the launch of spot Bitcoin ETFs.

GBTC hasn’t been able to stop the funds from leaving. The trust’s high fees may be the root cause of its underwhelming performance when compared to its rivals.

Highlighted Crypto News Today:

Is the Polygon Ecosystem Distinctly Bullish or Bearish?

As the positive effects of Bitcoin’s halving appear to wane off, the broader cryptocurrency market experiences a period of retreat, with notable players like Solana (SOL) and Ethereum (ETH) witnessing a downturn. However, amidst this market correction, Furrever Token (FURR) emerges as a standout performer, successfully concluding seven presale stages and amassing over $1 million in funding. This juxtaposition underscores the resilience and potential of emerging projects within the crypto landscape, even as established cryptocurrencies navigate through temporary setbacks.

Solana (SOL) Dips 7% Amidst Broader Market Correction: Analysis and Outlook

Solana (SOL) experienced a notable correction, with its price declining by 7% to $146.18 since yesterday. Despite a promising start above $140 earlier in the week, SOL struggles to sustain momentum, encountering resistance levels around $160. Market sentiment reflects broader corrections, with Bitcoin and Ethereum facing similar downward pressures. Increased trading volume hints at heightened activity among traders, while SOL’s market cap dips over 6% to approximately $65.8 billion. Key support lies at $146, with resistance near $155 and $160. The 4-hour chart indicates a downtrend, with potential consolidation around current levels. Analysts eye immediate resistance at $175 and $200, with market sentiment cautious amidst profit-booking behaviors and external factors affecting SOL’s trajectory.

Ethereum (ETH) Faces Overnight Dip, Yet Bullish Trends Persist: Analysis and Outlook

Ethereum (ETH) experiences a significant overnight dip, with its price declining over 4% to $3,128.22 amidst broader market volatility. The recent crash halts the recovery rally, raising concerns of a potential drop to $3,000. However, amidst market fear, the history of Bitcoin Halving, triggering an altcoin season, hints at a potential bullish run. Despite a decline in market cap by 18% over recent weeks, Ethereum finds support at the 50% Fibonacci level at $2,850, prolonging consolidation between key Fibonacci levels. The current intraday Doji candle reflects indecision in the altcoin, with the potential for an uptrend restart if market conditions stabilize. While the MACD and signal lines show a bearish crossover in the weekly chart, a bounce back from the 50% Fib level could reignite positive momentum. A potential breakout entry opportunity may arise if Ethereum breaks the overhead resistance of $3,265, with a bullish trajectory challenging the $4,000 resistance, signaling a 25% rise. Conversely, while chances of a drop to $3,000 are minimal, concerns linger amidst ongoing market volatility.

Furrever Token (FURR) Surpasses $1 Million in Presale Funding Amidst Adorable Crypto Craze

Furrever Token (FURR) continues to build momentum as it progresses through its presale stages, having raised over $1 million in funding within just two months. With a unique focus on infusing the crypto space with cuteness, FURR stands out by offering users a delightful experience centered around adorable cat imagery. The project aims to create a whimsical and heartwarming crypto ecosystem, fostering a sense of community and shared joy among its users.

Key features of FURR include the integration of cute cat-themed stickers and visuals, regular challenges to engage the community, and future surprises featuring exclusive cat content. The tokenomics of FURR are designed to ensure fair distribution, with 65% of tokens available during the presale, 25% allocated for DEXs, and 10% reserved for the team with a one-year lockup period.

One of the standout aspects of FURR is its commitment to security and compliance, with plans for audits and safety measures to ensure a secure and enjoyable experience for all users. Additionally, the active presence of admins and moderators on platforms like Telegram, along with a growing organic community, adds to the project’s appeal.

As of [current date], the current price of FURR stands at $0.000648. Interested investors can learn more about FURR and participate in its presale by visiting the official website at furrevertoken.com. For any inquiries or support, individuals can reach out via email at support@furrevertoken.com. FURR’s success in amassing significant funding during its presale stages reflects growing investor interest and confidence in its unique vision and community-driven approach.

Discover the Most Exclusive Presale Opportunity of 2024 Now:

Furrever Token Official Website 

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Monthly active users (MAU) on Polygon have surged to their highest point — 8.8 million.

Investment giant Franklin Templeton initiates the transfers of its tokenized shares BENJI on the Polygon blockchain.

The Polygon ecosystem has achieved an all-time high (ATH) of 8.8 million in monthly active users (MAU) amid two significant announcements related to Franklin Templeton’s tokenized shares and Stripe’s stablecoin-led crypto payments.

Source: Artemis

Over the past 3 months, active addresses across a few sub-sectors within the Polygon ecosystem displayed bullish rallies. Firstly, the active addresses across the gaming protocols surged by 3,663%. Secondly, the centralized finance (CeFi) protocols recorded a 1,473% surge. The other kinds of protocols’ records were as follows: stablecoin by 36.49%, decentralized finance (DeFi) by 21.52% and SocialFi by 37.97%.

MATIC’s Market Dynamics Looks Bearish

When we look at the 30-day timeframe, Polygon’s native token MATIC appears bearish. The altcoin’s price declined by over 32% — from $1.06 to $0.71. As per the chart given below, the 50-day exponential moving average (50EMA) hovers above the price action, indicating a downtrend.

MATIC/USDT Price Chart (Source: TradingView )

Meanwhile, MATIC’s relative strength index (RSI) is closer to the oversold territory. On the other hand, the weekly timeframe projects an uptick of 4.5% in the token’s price. According to CoinMarketCap data, at the time of analysis, Polygon (MATIC) trades at $0.7128 with a market cap of $7.05 billion and a daily trading volume of $270 million.

The cryptocurrency landscape is buzzing with the arrival of HIPPOSOL, A new meme-coin sensation on the Solana blockchain, designed to infuse the digital currency world with humor and innovation. With the launch of its $HIPPOS Token Presale to early investors, HIPPOSOL is poised to carve a niche in the burgeoning memecoin community. 

HIPPOSOL: A Gem-Play on Solana

Missed out on previous Solana memecoins? HIPPOSOL offers a new window to invest in a Solana-based meme coin poised to be the next big meme-play in the crypto community. 

Analysts have highlighted HIPPOSOL’s potential to become a leading meme gem in the near future, urging investors to Seize this chance to buy into the $HIPPOS token at a presale discount, setting the stage for substantial future growth.

HIPPOSOL: Leading the Evolution of Solana Memecoins

With its vibrant approach and strategic initiatives, HIPPOSOL is not merely participating in the market—it’s aiming to lead it. Following in the footsteps of successful predecessors like BOME, SLERF, and BONK, HIPPOSOL brings a robust model that promises to transform the memecoin landscape:

Public Allocation: 600 million $HIPPOS tokens, which represent 60% of the total supply, have been allocated to the public presale, ensuring substantial community involvement from the outset.

Lucrative Presale Round: Early adopters enjoy an attractive entry price of 1 SOL for 150,000 $HIPPOS. Upon listing on DEX (Jupiter) the token will be available at 1 SOL for 105,000 $HIPPOS, highlighting the opportunity for significant early gains.

How to Participate in the $HIPPOS Presale:

Prepare Your Digital Wallet: Ensure you have a Solana-compatible wallet like Phantom or Solflare ready.

Acquire $SOL: Purchase Solana’s native currency (SOL) from top exchanges such as Binance, Coinbase, or Kraken.

Join the Presale: Visit the $HIPPOS Token Sale Portal at, https://hipposol.xyz/presale, follow the straightforward steps to transfer your $SOL, and secure your position as an early investor.

Receive Your Tokens: Tokens will be airdropped to your wallet within 24 hours post-presale, welcoming you to HIPPOSOL’s foundational community.

BUY $HIPPOS on PRESALE

In Conclusion: The Future of HIPPOSOL 

The $HIPPOS Presale Round is just the beginning. Looking ahead, HIPPOSOL plans to roll out a suite of innovative features that will extend beyond mere token trading. Planned utilities include governance mechanisms, exclusive digital content access, and interactive community engagements—all designed to deepen the token’s utility and ensure lasting engagement within the Solana ecosystem.

Join the HIPPOSOL Memecoin Revolution

$HIPPOS presale is more than an investment opportunity; it’s your chance to be at the forefront of the next big meme-play in the brimming crypto bull market. By joining the Hipposol community, you are not just buying into a token; you are supporting a movement set to redefine what a memecoin can be.

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Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this press release does not represent any investment advice. TheNewsCrypto recommend our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this press release.