PayPal, one of the global giants in payments, recently announced that its stablecoin PYUSD will soon be available on the Solana blockchain, almost a year after its debut on the Ethereum blockchain.

This launch could mark a significant turning point for PYUSD, a cryptocurrency that so far has failed to capture market interest despite its branded support.

The stablecoin of Payapal  PYUSD on Ethereum and the choice of Solana 

When PYUSD was launched on Ethereum, it was expected that PayPal’s reputation could confer a certain security and trust to investors in the cryptocurrency market. 

However, the expected success did not materialize. Currently, PYUSD has about 8,600 holders on Ethereum and a market capitalization slightly below $400,000. These numbers are tiny when compared to the giants of stablecoins like Circle’s USDC and Tether’s USDT, which dominate the market with market capitalizations of billions of dollars and millions of holders.

The transfer of PYUSD to Solana is a strategic move that could provide several advantages. Solana is known for its high performance, with very fast transaction speeds and extremely low transaction costs compared to Ethereum. 

Questo potrebbe rendere PYUSD più attraente per gli utenti che cercano una stablecoin efficiente per le transazioni quotidiane e le applicazioni decentralizzate (dApp).

Furthermore, Solana has gained popularity as the blockchain of choice for many developers and DeFi (Decentralized Finance) projects, thanks to its scalability and low fees. The integration of PYUSD into this vibrant ecosystem could stimulate greater use of the stablecoin, expanding its adoption.

Potential benefits for PYUSD

Il lancio su Solana potrebbe portare diversi benefici a PYUSD:

Better Scalability: Solana is capable of handling a high number of transactions per second (TPS), much higher than Ethereum. This scalability could support a more widespread use of PYUSD without the bottlenecks that often plague Ethereum during periods of high demand.

Reduced Transaction Costs: One of the major criticisms of Ethereum is the high gas fees. Solana offers much lower fees, making PYUSD more convenient for frequent and small amount transactions.

Access to a New Market: Solana has a rapidly growing community of users and developers. Being present on this blockchain could expose PYUSD to new users who might not have considered the stablecoin on Ethereum.

Integration with dApp: Solana hosts numerous innovative decentralized applications. PYUSD could be integrated into these dApps, increasing its usage and relevance in the DeFi ecosystem.

Despite the potential benefits, PYUSD must face some significant challenges to become a prominent stablecoin. The competition with USDC and USDT remains intense. These stablecoins have built strong trust among users and are widely used in the world of cryptocurrencies.

Furthermore, the stability and security of Solana have been questioned in the past due to various incidents of downtime and attacks. PayPal will need to ensure that PYUSD maintains its integrity and security on the new blockchain to avoid trust issues among users.

Conclusions

The launch of PYUSD on Solana represents a bold move by PayPal to relaunch its stablecoin and capture a larger share of the cryptocurrency market. If PayPal manages to leverage the advantages of Solana, such as scalability and low transaction costs, PYUSD could see a significant increase in adoption and usage.

However, the road to success is not guaranteed. PYUSD will have to face the tough competition of established stablecoins and demonstrate that it can offer added value to users and developers in the crypto ecosystem. Only time will tell if this strategic move will bring PYUSD the hoped-for success or if it will remain a niche cryptocurrency in the vast landscape of cryptocurrencies.

PayPal, one of the global giants in payments, recently announced that its stablecoin PYUSD will soon be available on the Solana blockchain, almost a year after its debut on the Ethereum blockchain.

Questo lancio potrebbe segnare un punto di svolta significativo per PYUSD, una criptovaluta che finora non è riuscita a catturare l’interesse del mercato nonostante il suo supporto di marca.

The stablecoin of Payapal  PYUSD on Ethereum and the choice of Solana 

When PYUSD was launched on Ethereum, it was expected that PayPal’s reputation could confer a certain security and trust to investors in the cryptocurrency market. 

However, the expected success did not materialize. Currently, PYUSD has about 8,600 holders on Ethereum and a market capitalization slightly below $400,000. These numbers are tiny compared to the giants of stablecoins like Circle’s USDC and Tether’s USDT, which dominate the market with market capitalizations of billions of dollars and millions of holders.

The transfer of PYUSD to Solana is a strategic move that could provide several advantages. Solana is known for its high performance, with very fast transaction speeds and extremely low transaction costs compared to Ethereum. 

Questo potrebbe rendere PYUSD più attraente per gli utenti che cercano una stablecoin efficiente per le transazioni quotidiane e le applicazioni decentralizzate (dApp).

Furthermore, Solana has gained popularity as the blockchain of choice for many developers and DeFi (Decentralized Finance) projects, thanks to its scalability and low fees. The integration of PYUSD into this vibrant ecosystem could stimulate greater use of the stablecoin, expanding its adoption.

Potential benefits for PYUSD

Il lancio su Solana potrebbe portare diversi benefici a PYUSD:

Better Scalability: Solana is capable of handling a high number of transactions per second (TPS), much higher than Ethereum. This scalability could support a more widespread use of PYUSD without the bottlenecks that often plague Ethereum during periods of high demand.

Reduced Transaction Costs: One of the major criticisms of Ethereum is the high gas fees. Solana offers much lower fees, making PYUSD more convenient for frequent and small amount transactions.

Access to a New Market: Solana has a rapidly growing community of users and developers. Being present on this blockchain could expose PYUSD to new users who might not have considered the stablecoin on Ethereum.

Integration with dApp: Solana hosts numerous innovative decentralized applications. PYUSD could be integrated into these dApp, increasing its usage and relevance in the DeFi ecosystem.

Despite the potential benefits, PYUSD must face some significant challenges to become a prominent stablecoin. The competition with USDC and USDT remains intense. These stablecoins have built strong trust among users and are widely used in the crypto world.

Moreover, the stability and security of Solana have been questioned in the past due to various incidents of downtime and attacks. PayPal will need to ensure that PYUSD maintains its integrity and security on the new blockchain to avoid trust issues among users.

Conclusions

The launch of PYUSD on Solana represents a bold move by PayPal to relaunch its stablecoin and capture a larger share of the cryptocurrency market. If PayPal manages to leverage the advantages of Solana, such as scalability and low transaction costs, PYUSD could see a significant increase in adoption and usage.

However, the road to success is not guaranteed. PYUSD will have to face the tough competition of established stablecoins and prove that it can offer added value to users and developers in the crypto ecosystem. Only time will tell if this strategic move will bring PYUSD the hoped-for success or if it will remain a niche cryptocurrency in the vast landscape of cryptocurrencies.

Ripple, one of the main players in the world of cryptocurrencies, has recently announced a donation of 25 million dollars to the pro-crypto political committee Fairshake. 

This donation adds to the previous contribution of 25 million dollars made in 2023, bringing the total funding from Ripple to 50 million dollars. 

This move underscores the strategic importance that Ripple places on the upcoming 2024 U.S. elections, which it has called the most significant in the history of cryptocurrencies.

The role of Fairshake and Ripple’s commitment

Fairshake is a political committee that promotes favorable regulation and a supportive legislative environment for cryptocurrencies. Its main mission is to influence public policies and support candidates who show a positive approach towards financial innovation based on blockchain. 

With the approach of the 2024 elections, Fairshake has become a focal point for businesses in the crypto sector that see future policies as an opportunity to consolidate their position and promote the growth of the sector.

The decision by Ripple to make another generous donation to Fairshake reflects its ongoing commitment to supporting policies favorable to cryptocurrencies. Ripple has a long history of involvement in promoting a regulatory framework that supports innovation and growth in the cryptocurrency sector. 

The donation of 25 million dollars follows a series of initiatives and contributions aimed at ensuring that the bull sector of cryptocurrencies can thrive without excessive regulatory constraints.

Ripple has often emphasized the importance of a clear and predictable regulatory environment for cryptocurrencies. The lack of regulatory clarity can hinder innovation and discourage investments in the sector. 

With its support for Fairshake, Ripple aims to ensure that legislators and regulators understand the needs of the cryptocurrency sector and develop policies that favor innovation and economic growth.

The elections of 2024: a turning point for the crypto

Ripple has defined the 2024 US elections as the most important in the history of cryptocurrencies. This is because the outcome of the elections could determine the future of the regulatory framework for cryptocurrencies in the United States. With the growing adoption of cryptocurrencies and blockchain technologies, the decisions made by future political leaders will have a significant impact on the sector.

The donation to Fairshake is a strategy aimed at ensuring that pro-crypto candidates have the necessary support to succeed. Fairshake will use the funds to support candidates who promote policies favorable to cryptocurrencies and to educate the public and policymakers on the benefits of blockchain technologies. 

This effort is crucial to ensure that cryptocurrencies can continue to develop and integrate into the traditional financial system.

A favorable regulatory framework for cryptocurrencies could bring numerous benefits. Firstly, it could stimulate technological innovation, attracting talent and investments in the cryptocurrency and blockchain technology sector. This, in turn, could lead to the creation of new jobs and economic growth.

Moreover, favorable policies could make it easier for businesses to adopt blockchain technologies, improving the efficiency and transparency of business operations. 

Cryptocurrencies and blockchain technologies offer innovative solutions for a range of sectors, from finance to healthcare, from logistics to digital identity management. A favorable regulatory environment could accelerate the adoption of these technologies, leading to greater efficiency and cost reduction.

Conclusions

The donation of Ripple to Fairshake represents a significant step towards the promotion of policies favorable to cryptocurrencies in the United States. With the 2024 elections approaching, support for pro-crypto candidates and the education of the public and policymakers are essential to ensure a prosperous future for the cryptocurrency sector. 

Ripple, with its continuous commitment and its generous donations, demonstrates to be a leader in promoting a regulatory framework that supports innovation and growth in the bull and bear sector.

Ripple, one of the main players in the world of cryptocurrencies, has recently announced a donation of 25 million dollars to the pro-crypto political committee Fairshake. 

This donation adds to the previous contribution of 25 million dollars made in 2023, bringing the total funding from Ripple to 50 million dollars. 

This move underscores the strategic importance that Ripple places on the upcoming 2024 U.S. elections, which it has called the most significant in the history of cryptocurrencies.

The role of Fairshake and Ripple’s commitment

Fairshake is a political committee that promotes favorable regulation and a supportive legislative environment for cryptocurrencies. Its main mission is to influence public policies and support candidates who show a positive approach towards financial innovation based on blockchain. 

With the approach of the 2024 elections, Fairshake has become a focal point for businesses in the crypto sector that see future policies as an opportunity to consolidate their position and promote the growth of the sector.

The decision by Ripple to make another generous donation to Fairshake reflects its ongoing commitment to supporting policies favorable to cryptocurrencies. Ripple has a long history of involvement in promoting a regulatory framework that supports innovation and growth in the cryptocurrency sector. 

The donation of 25 million dollars follows a series of initiatives and contributions aimed at ensuring that the bull sector of cryptocurrencies can thrive without excessive regulatory constraints.

Ripple has often emphasized the importance of a clear and predictable regulatory environment for cryptocurrencies. The lack of regulatory clarity can hinder innovation and discourage investments in the sector. 

With its support for Fairshake, Ripple aims to ensure that legislators and regulators understand the needs of the cryptocurrency sector and develop policies that favor innovation and economic growth.

The elections of 2024: a turning point for the crypto

Ripple has defined the 2024 US elections as the most important in the history of cryptocurrencies. This is because the outcome of the elections could determine the future of the regulatory framework for cryptocurrencies in the United States. With the growing adoption of cryptocurrencies and blockchain technologies, the decisions made by future political leaders will have a significant impact on the sector.

The donation to Fairshake is a strategy aimed at ensuring that pro-crypto candidates have the necessary support to succeed. Fairshake will use the funds to support candidates who promote policies favorable to cryptocurrencies and to educate the public and policymakers on the benefits of blockchain technologies. 

Questo sforzo è cruciale per garantire che le criptovalute possano continuare a svilupparsi e a integrarsi nel sistema finanziario tradizionale.

A favorable regulatory framework for cryptocurrencies could bring numerous benefits. Firstly, it could stimulate technological innovation, attracting talent and investments in the cryptocurrency and blockchain technology sector. This, in turn, could lead to the creation of new jobs and economic growth.

Moreover, favorable policies could make it easier for businesses to adopt blockchain technologies, improving the efficiency and transparency of business operations. 

Cryptocurrencies and blockchain technologies offer innovative solutions for a range of sectors, from finance to healthcare, from logistics to digital identity management. A favorable regulatory environment could accelerate the adoption of these technologies, leading to greater efficiency and cost reduction.

Conclusions

The donation of Ripple to Fairshake represents a significant step towards the promotion of policies favorable to cryptocurrencies in the United States. With the 2024 elections approaching, the support for pro-crypto candidates and the education of the public and policymakers are essential to ensure a prosperous future for the cryptocurrency sector. 

Ripple, with its continuous commitment and its generous donations, demonstrates to be a leader in promoting a regulatory framework that supports innovation and growth in the cryptocurrency sector.

I protocolli crittografici SingularityNET, Fetch.ai ed Ocean protocol hanno annunciato gli ultimi passaggi prima della finalizzazione della fusione nella crypto Artificial Superintelligence Alliance (ASI).

The nuovo token, che dovrà supportare la più grande rete decentralizzata open source focalizzata sul settore dell’intelligenza artificiale, è atteso per il 13 giugno.

The capitalizzazione di mercato completamente diluita sarà di 6 miliardi di dollari: ci si aspetta un pump o un dump nel primo giorno di listing? 

Let’s see everything in detail below.

SingularityNET, Fetch.ai and Ocean Protocol announce the finalization of the crypto Artificial Superintelligence Alliance (ASI): debut scheduled for June 13

Today the leading projects in the field of artificial intelligence SingularityNET, Fetch.ai, and Ocean Protocol, have announced the latest steps before the finalization of the merger of their respective tokens AGIX; FET and OCEAN into the crypto Artificial Superintelligence Alliance (ASI).

The merger had already been unveiled at the end of March, when the collective had chosen to join forces to accelerate the process of expanding their technologies around a single entity tasked with leading the so-called “Superintelligence Collective”.

According to what was reported by the representatives of the AI projects, the ASI crypto will start with a fully diluted market capitalization (FDV) of 6 billion dollars, while the circulating capitalization should reflect the sum of the capitalizations of the individual resources, considering that all holders will carry out the migration.

As part of the final preparations, the previously announced conversion rates have been confirmed with the owners of FET who will be able to claim ASI at a 1:1 ratio, while the holders of AGIX and OCEAN will be based on a 0.433350:1 ratio.

Regarding the timing of this transition, so eagerly awaited in the artificial intelligence industry, the tokens of SingularityNET, Fetch.ai, and Ocean Protocol will officially migrate to ASI on June 11, while the listing of the crypto is expected on June 13.

As previously announced, the 3 distinct communities will publish a secure token migration contract, where over 200,000 users will be able to perform the conversion transition into the crypto ASI.

The ultimate goal of the union of individual projects is to provide a decentralized alternative to solutions controlled by big tech companies like Google and Microsoft, impossible to achieve without sharing their respective resources and corporate know-how.

A tal proposito Humayun Sheikh, CEO e fondatore di Fetch.ai e Presidente dell’ASI, ha affermato quanto segue:

“Questa Alleanza traccia un percorso diverso in un mondo in cui l’innovazione dell’intelligenza artificiale è in forte espansione. Con le nostre ritrovate economie di scala, l’Alleanza può fare progressi concreti per cambiare il modo in cui le Big Tech controllano la narrativa e la direzione dell’intelligenza artificiale. Abbiamo molta strada da fare, ma questo primo passo fornisce le basi per altri con una missione simile per fare la differenza”.

It is worth noting how this merger will allow for the acceleration of the commercialization and monetization of each foundation’s technology, while maintaining mutual independence, pushing AGI towards new horizons guided by superintelligence.

The unification of the 3 network lays the foundation for the expansion of a scalable AI infrastructure, open to all and reliable for the implementation of large data sets.

Will the crypto ASI increase in price at listing?

Difficult to understand what the price action of the new crypto ASI will be, which represents the union of the tokens FET, AGIX, and OCEAN from the respective projects Fetch.ai, SingularityNET, and Ocean Protocol.

Obviously everything will depend on the general conditions of the crypto market at the time of the debut of the new token, scheduled for June 13, and on the will of the Bitcoin king.

Ad ogni modo, visto l’hype creatosi dalla news della fusione di questi top protocol del settore intelligenza artificiale, potremmo aspettarci una price action tendenzialmente positiva nel giorno del listing.

Moreover, considering the graphical situation of the individual tokens FET, AGIX, and OCEAN with their bullish trend currently on pause after a significant rise in the early months of 2024, it is possible that the launch of ASI represents the necessary event to attract trading volumes and to push the demand pressure again.

What we know for sure is that ASI will be launched initially with the same price as FET, being redeemable at a 1:1 conversion rate with the Fetch.ai token, but it will have different tokenomics.

I and you can’t imagine what’s coming with $ASI.

A merger between 3 big gemmes which alone had potential to reach 30-40B MC.

This merger is the biggest we ever seen in crypto and it’s coming just before the biggest Bull Run ever.

All of that in the most Bullish sectord, #AI.

— Sensei (@SenseiBR_btc) March 31, 2024

One factor worth focusing on to understand whether the valuation of ASI will be underestimated or overestimated concerns the fully diluted capitalization of the asset (FDV) and its relationship with the 3 tokens participating in the merger.

ASI will indeed be inaugurated with a total supply of 2.63055 billion tokens for an FDV of 6 billion dollars.

FET, on the other hand, has a FDV of 8 billion dollars with a circulating supply of only 24.5% compared to the total.

AGIX and OCEAN have an FDV of 1.92 billion and 1.36 billion dollars with 64.18% and 40.31% of the circulating supply unlocked, respectively.

Summing the circulating capitalizations of the 3 coins, we arrive at an initial valuation of 3.756 billion dollars, which corresponds to approximately 62% (circulating supply at the launch of ASI) of the fully diluted valuation of 6 billion dollars.

Overall, therefore, there will be fewer tokens to unlock (and consequently less dumpable value) on the ASI crypto rather than individually on FET, ASI, and AGIX.

On this front, which must still be contextualized with the future utility of the resource in the broad cryptographic ecosystem, it seems that the new token of the “Superintelligence Collective” will be more appealing in terms of tokenomics compared to the specific coins that constitute it.

We remain waiting to see how the market will price the debut on the market of what is expected to be the AI cryptocurrency par excellence of the entire market.

I protocolli crittografici SingularityNET, Fetch.ai ed Ocean protocol hanno annunciato gli ultimi passaggi prima della finalizzazione della fusione nella crypto Artificial Superintelligence Alliance (ASI).

The nuovo token, che dovrà supportare la più grande rete decentralizzata open source focalizzata sul settore dell’intelligenza artificiale, è atteso per il 13 giugno.

The capitalizzazione di mercato completamente diluita sarà di 6 miliardi di dollari: ci si aspetta un pump o un dump nel primo giorno di listing? 

Let’s see everything in detail below.

SingularityNET, Fetch.ai ed Ocean Protocol announce the finalization of the crypto Artificial Superintelligence Alliance (ASI): debut scheduled for June 13

Today the leading projects in the field of artificial intelligence SingularityNET, Fetch.ai, and Ocean Protocol, have announced the latest steps before the finalization of the merger of their respective tokens AGIX; FET and OCEAN into the crypto Artificial Superintelligence Alliance (ASI).

The merger had already been unveiled at the end of March, when the collective had chosen to join forces to accelerate the process of expanding their technologies around a single entity tasked with leading the so-called “Superintelligence Collective”.

According to what was reported by the exponents of the AI projects, the crypto ASI will start with a fully diluted market capitalization (FDV) of 6 billion dollars, while the circulating capitalization should reflect the sum of the capitalizations of the individual resources, considering that all holders will carry out the migration.

As part of the latest preparations, the conversion rates previously announced with the owners of FET have been confirmed, who will be able to claim ASI at a 1:1 ratio, while the holders of AGIX and OCEAN will be based on a 0.433350:1 ratio.

As for the timing of this transition, so eagerly awaited in the artificial intelligence industry, the tokens of SingularityNET, Fetch.ai, and Ocean Protocol will officially migrate to ASI on June 11, while the listing of the crypto is expected on June 13.

As previously announced, the 3 distinct communities will publish a secure token migration contract, where over 200,000 users will be able to perform the conversion transition into the ASI crypto.

The ultimate goal of the union of individual projects is to provide a decentralized alternative to solutions controlled by big tech companies like Google and Microsoft, impossible to achieve without sharing their respective resources and corporate know-how.

A tal proposito Humayun Sheikh, CEO e fondatore di Fetch.ai e Presidente dell’ASI, ha affermato quanto segue:

“Questa Alleanza traccia un percorso diverso in un mondo in cui l’innovazione dell’intelligenza artificiale è in forte espansione. Con le nostre ritrovate economie di scala, l’Alleanza può fare progressi concreti per cambiare il modo in cui le Big Tech controllano la narrativa e la direzione dell’intelligenza artificiale. Abbiamo molta strada da fare, ma questo primo passo fornisce le basi per altri con una missione simile per fare la differenza”.

It is worth noting how this merger will allow for the acceleration of the commercialization and monetization of each foundation’s technology, while maintaining mutual independence, pushing AGI towards new horizons guided by superintelligence.

The unification of the 3 network lays the foundation for the expansion of a scalable, open to all, and reliable AI infrastructure for the implementation of large data sets.

Will the crypto ASI increase in price at listing?

Difficult to understand what the price action of the new crypto ASI will be, which represents the union of the tokens FET, AGIX, and OCEAN from the respective projects Fetch.ai, SingularityNET, and Ocean Protocol.

Obviously everything will depend on the general conditions of the crypto market at the time of the debut of the new token, scheduled for June 13, and the will of the king Bitcoin.

Ad ogni modo, visto l’hype creatosi dalla news della fusione di questi top protocol del settore intelligenza artificiale, we could expect a bull price action on the day of the listing.

Moreover, considering the graphical situation of the individual tokens FET, AGIX, and OCEAN with their bullish trend currently on pause after a significant rise in the early months of 2024, it is possible that the launch of ASI represents the necessary event to attract trading volumes and to push demand pressure once again.

What we know for sure is that ASI will be launched initially with the same price as FET, being redeemable with a conversion rate of 1:1 with the Fetch.ai token, but it will have different tokenomics.

I and you can’t imagine what’s coming with $ASI.

A merger between 3 big gemmes which alone had potential to reach 30-40B MC.

This merger is the biggest we ever seen in crypto and it’s coming just before the biggest Bull Run ever.

All of that in the most Bullish sectord, #AI.

— Sensei (@SenseiBR_btc) March 31, 2024

One factor worth focusing on to understand whether the valuation of ASI will be underestimated or overestimated concerns the fully diluted capitalization of the asset (FDV) and its relationship with the 3 tokens participating in the merger.

ASI will indeed be inaugurated with a total supply of 2.63055 billion tokens for an FDV of 6 billion dollars.

FET, on the other hand, has a FDV of 8 billion dollars with a circulating supply of only 24.5% compared to the total.

AGIX and OCEAN have an FDV of 1.92 billion and 1.36 billion dollars with respectively 64.18% and 40.31% of the circulating supply unlocked.

Summing the circulating capitalizations of the 3 coins, we arrive at an initial valuation of 3.756 billion dollars, which corresponds to approximately 62% (circulating supply at the launch of ASI) of the fully diluted valuation of 6 billion dollars.

Overall, therefore, there will be fewer tokens to unlock (and consequently less dumpable value) on the crypto ASI rather than individually on FET, ASI, and AGIX.

On this front, which must still be contextualized with the future utility of the resource in the broad cryptographic ecosystem, it seems that the new token of the “Superintelligence Collective” will be more appealing in terms of tokenomics compared to the specific coins that constitute it.

We remain waiting to see how the market will price the debut on the market of what is expected to be the AI cryptocurrency par excellence of the entire market.

On May 23, 2024, Binance announced the listing of Lista (LISTA) on its new innovative platform, Binance Megadrop. 

This event marks the beginning of a new chapter for airdrops and Web3 missions, offering users the opportunity to gain early access to exclusive rewards.

Introduction to Binance Megadrop and the launch of LISTA

Binance Megadrop is a token launch platform that combines airdrop and Web3 missions, allowing users to subscribe to locked BNB products and/or complete tasks in their Web3 wallet to earn rewards. This new approach has been designed to offer an engaging and educational user experience, making token launches more accessible and beneficial for participants.

Lista (LISTA) is the second project to be launched on Binance Megadrop. It is a liquid staking protocol and decentralized stablecoin. The maximum token supply for LISTA is set at 1 billion, with 100 million of these tokens (10% of the maximum supply) reserved as Megadrop rewards. At the time of launch, the initial circulating supply will be 230 million LISTA (23% of the maximum supply).

Participation and scoring system

Users can participate in Megadrop in two main ways:

Subscription to Locked BNB Products: Users earn points based on the amount of BNB subscribed and the duration of the lock period. The longer the lock period, the higher the score will be.

Completion of Web3 Missions: By completing the designated missions in the Binance Web3 wallet, users can earn bonuses and mission multipliers. A user’s total score is calculated as follows:

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Total Score = (Punteggio BNB Bloccato * Moltiplicatore Missione Web3) + Bonus Missione Web3

The scoring system assigns Megadrop rewards based on each user’s total score compared to the total score of all qualified users. 

In preparation for future Megadrop events, Binance has updated the annual percentage rates (APR) and increased the maximum subscription limits for locked BNB products. For example, for a 120-day lock period, the APR rate is now 1.69%, with a maximum subscription limit of 20,000 BNB​.

Important considerations

Users must have at least an active and verified Binance Web3 wallet to participate. Additionally, users must be residents of eligible jurisdictions, as some countries are excluded from participation. Megadrop rewards will be credited directly to users’ spot wallets on Binance​.

The introduction of Lista (LISTA) on Binance Megadrop represents an exciting opportunity for users to gain early access to promising Web3 projects. This new system not only rewards users for their active participation but also promotes greater interaction and understanding of emerging projects in the blockchain world. 

With Binance continuing to innovate and improve user experiences, the future of token launches looks promising and full of opportunities.

For further details, it is recommended to visit the official Binance website and read the updated announcements on the specifics of Lista and future Megadrop opportunities.

On May 23, 2024, Binance announced the listing of Lista (LISTA) on its new innovative platform, Binance Megadrop. 

This event marks the beginning of a new chapter for airdrops and Web3 missions, offering users the opportunity to gain early access to exclusive rewards.

Introduction to Binance Megadrop and the launch of LISTA

Binance Megadrop is a token launch platform that combines airdrop and Web3 missions, allowing users to subscribe to locked BNB products and/or complete tasks in their Web3 wallet to earn rewards. This new approach has been designed to offer an engaging and educational user experience, making token launches more accessible and beneficial for participants.

Lista (LISTA) is the second project to be launched on Binance Megadrop. It is a liquid staking protocol and decentralized stablecoin. The maximum token supply for LISTA is set at 1 billion, with 100 million of these tokens (10% of the maximum supply) reserved as Megadrop rewards. At the time of launch, the initial circulating supply will be 230 million LISTA (23% of the maximum supply).

Participation and scoring system

Users can participate in Megadrop in two main ways:

Subscription to Locked BNB Products: Users earn points based on the amount of BNB subscribed and the duration of the lock period. The longer the lock period, the higher the score will be.

Completion of Web3 Missions: By completing the designated missions in the Binance Web3 wallet, users can earn bonuses and mission multipliers. A user’s total score is calculated as follows:

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Total Score = (Punteggio BNB Bloccato * Web3 Mission Multiplier) + Web3 Mission Bonus

The scoring system assigns Megadrop rewards based on each user’s total score compared to the total score of all qualified users​. 

In preparation for future Megadrop events, Binance has updated the annual percentage rates (APR) and increased the maximum subscription limits for locked BNB products. For example, for a lock-up period of 120 days, the APR is now 1.69%, with a maximum subscription limit of 20,000 BNB​.

Important considerations

Users must have at least an active and verified Binance Web3 wallet to participate. Additionally, users must be residents of eligible jurisdictions, as some countries are excluded from participation. Megadrop rewards will be credited directly to users’ spot wallets on Binance​.

The introduction of Lista (LISTA) on Binance Megadrop represents an exciting opportunity for users to gain early access to promising Web3 projects. This new system not only rewards users for their active participation but also promotes greater interaction and understanding of emerging projects in the blockchain world. 

With Binance continuing to innovate and improve user experiences, the future of token launches looks promising and full of opportunities.

For further details, it is recommended to visit the official Binance website and read the updated announcements on the specifics of Lista and future Megadrop opportunities.

I wallet attivi associati alla crypto Pepe sono recentemente raddoppiati, contemporaneamente all’incremento del prezzo record della meme coin di Ethereum. 

The meme coin Pepe, inspired by the frog, has marked several new all-time highs this month, continuing to grow after the authorization of spot ETFs on Ethereum. Let’s see all the details below. 

Ethereum meme coin: the explosive growth of the wallets of the crypto Pepe

As anticipated, in the last thirty days, the number of blockchain addresses that have made transactions in Pepecoin (PEPE) has exploded, more than doubling. 

Thanks to the recent approval by the SEC of the main meme coin Ethereum and the consequent bull of its price.

According to the data provided by IntoTheBlock, the daily active addresses holding PEPE have grown by 230% to reach 9,830.

This growth rate has surpassed that of other meme coin, such as Floki, which recorded a 179% increase in daily active addresses during the same period.

In the meantime, the daily number of active addresses for Dogecoin has increased by 10%, reaching 53,000.

Both tokens, Pepecoin and Floki, are built using the ERC-20 standard of Ethereum and are present on the network as assets traded with a certain frequency.

Tuttavia, alla luce dell’approvazione degli ETF spot su Ethereum, il prezzo di entrambi i token è balzato di oltre il 27% ciascuno nell’ultima settimana.

Sebbene non rappresenti una metrica perfetta, il monitoraggio del numero giornaliero di indirizzi attivi può fornire indicazioni sulle tendenze di adozione o sui modelli di utilizzo di una rete. 

Among the cryptocurrencies monitored by IntoTheBlock, the number of daily active addresses has increased in the last month for Pepecoin, confirming the growing interest among investors.

Memes, volatility and growing interest of investors

The meme coin Pepecoin, based on the famous meme Pepe the Frog created by Matt Furie in 2005, was launched last April with the intent of adding a bit of fun to the mondo delle criptovalute.

Tuttavia, l’interesse della comunità crypto per le meme coin ha recentemente raggiunto un punto di ebollizione, diventando una dominant trend nonostante la famigerata volatilità e i rischi associati.

Despite the closure of the US stock markets for Memorial Day on Monday, cryptocurrency traders pushed the value of Pepecoin to its all-time high of $0.00001698 that day. 

Sebbene la meme coin abbia registrato guadagni annuali che sfiorano il 1.000%, ha subito una flessione del 4,8% nell’ultimo giorno di martedì.

Despite this correction, the vast majority of Pepecoin holders have gains on paper, with 97% of investors in profit and only 2.73% at break-even prices, according to IntoTheBlock.

In the meantime, the cryptocurrency industry continues to gain greater legitimacy on Wall Street with the approval of products that expand investors’ access to digital assets. 

However, some prominent figures have expressed concerns about the potential damage caused by meme coin. Despite this, the interest of cryptocurrency traders in these coins seems to continue to grow. 

Despite the market capitalization of Pepecoin being ranked 22nd among all cryptocurrencies, with a value of 6.75 billion dollars, the cryptocurrency based on the famous meme was traded at the 7th place in the last day. 

With a trading volume of 1.7 billion dollars, positioning itself behind only Bitcoin, Ethereum, Solana and several stablecoins.

The accumulation of a crypto whale causes the boom of Pepe

The data provided by the cryptocurrency analysis company Lookonchain reveal a recent accumulation of a cryptocurrency whale in an altcoin.

Analyzing the onchain data, it emerges that a gigantic cryptocurrency whale has withdrawn 7.95 million dollars of Ethereum and 2.06 million dollars of PEPE from Kraken, the second largest cryptocurrency exchange in the United States.

Examining further transactions of the whale, it emerges that it has purchased a total of 18 million dollars of Ethereum in the previous two days, accumulating these ETH at an average price of 3,828 dollars. 

At the moment, the price of Ethereum is traded at around $3,916, with its latest peak at $3,963, nearing the $4,000 threshold.

An analysis of the PEPE transactions of the whale reveals that it accumulated 8.03 million dollars in tokens from March 16 at an average price of 0.00001 dollars. The profit of the whale on PEPE was a whopping 3.17 million dollars.

As already highlighted, the increase in the price of PEPE and the surge of Ethereum are closely related. 

With the approval of Ethereum spot ETFs, almost all tokens in the ETH ecosystem have experienced a price surge, with a particularly strong impact on meme coins.

Ieri, ENS Labs, la società che si occupa della gestione del servizio decentralizzato Ethereum Name Service, ha presentato una proposta di governance dove invita la community ad espandere la propria dapp in una rete di tipo layer-2.

We still don’t know anything about the prototype of the network on which ENS aspires to migrate: all we know is that as a fundamental criterion the new chain must be EVM compatible, censorship-resistant, decentralized, and open source.

Anche  il money market Aave e la piattaforma di restaking Etherfi stanno pensando di tuffarsi nel panorama dei layer-2 lanciando una rete proprietaria.

Let’s see all the details below.

ENS wants to launch its own layer-2 blockchain

Ethereum Name Service (ENS), protocol for the creation of domini on the Ethereum blockchain, is considering migrating to a layer-2 to address some technical limitations and improve the end-user experience.

This is what was reported by ENS Labs, a non-profit organization located in Singapore that deals with the development of the ENS platform, which with a governance proposal shared the idea with the project’s community yesterday.

Without revealing too many details, the company emphasized the potential benefits that would be brought to the protocol, such as improved scalability with reduced gas fees and the introduction of new advanced features.

Il nuovo layer-2 dovrà essere necessariamente compatibile con lo standard EVM, oltre che resistente alla censura, decentralized e open source.

Introducing ENSv2: The Next Generation of ENS

ENS Labs is excited to announce our proposal to extend the ENS protocol to a Layer 2 network. This move isn't just about migrating parts of the protocol; we're re-envisioning the architecture from the ground up! pic.twitter.com/3xM6owTpKk

— ens.eth (@ensdomains) May 28, 2024

Since 2017 ENS has established itself as the leading platform for on-chain domain registration, becoming in all respects the bridge between traditional internet and the decentralized web.

With the passage of time, however, the ambitions of this protocol have also changed, which now in order to truly become mainstream aims to offer lower gas costs than Ethereum fees and faster transactions.

The Ethereum blockchain is indeed excessively expensive to use when there is too much congestion, skyrocketing the commission costs to execute a simple transaction or approve a smart contract.

If the proposal is accepted by the community, the domain registration phase will move to layer-2, which will become the new platform for user interactions.

With the update, a new hierarchical system is also proposed for more effective management of domini, where the holders of these resources will have access to a unique register, where they can check the subdomains and configure the resolvers.

Furthermore, the transition to ENSv2 implies the improvement of l’interoperabilità multi-chain, with the functions of ENS that will also be brought within other cryptographic ecosystems.

We still do not know the timing of this fundamental transition in the history of Ethereum Name Service, but it is likely that the migration could take place in 2025, provided the proposal passes.

Regarding the news Eskender Abebe, Product and Strategy Manager at ENS Labs, reiterated how the release of Ethereum Improvement Proposal (EIP) 4844 which introduced the function of BLOB in Ethereum rollups with Dencun, was a factor of enormous importance that motivated the team to evaluate the transition to layer-2, effectively making transactions on these second-level networks cheaper. These are his words:

“The release of EIP4844 has made Ethereum-based layer 2 networks much more convenient and scalable, which has been a major driving factor for the ENS proposal.”

“`html Source: https://discuss.ens.domains/t/ens-labs-development-proposal-ensv2-and-native-l2-support/19232 “` Aave and Etherfi also consider a proprietary layer2 network

ENS non sarebbe l’unico top protocollo della blockchain di Ethereum a pensare ad una migrazione presso un layer-2 più scalabile: dopo il recente successo del trend delle soluzioni di ridimensionamento zk-rollup e degli optimistic rollup, con il TVL di questa nicchia che ha superato i 47 miliardi di dollari, sempre più entità puntano a lanciare la propria chain con appoggio su Ethereum.

One of these is Aave, a very famous lending protocol that should soon complete the upgrade to Aave V4 with the platform aiming to introduce a unified multi-chain liquidity layer, becoming much more efficient in all respects.

The founder of the project, Stani Kulechov, in a recent post on X informed his community that after the V4 Aave could launch its own network layer-2 expanding its DeFi ecosystem towards new horizons.

We remind you that Aave represents the third largest dapp on Ethereum after EigenLayer and Lido, with a TVL of 13 billion dollars: if it landed on an L2, it would effectively become the largest secondary network of Ethereum, even beating the sector leader Arbitrum.

It would simultaneously also be the third largest chain in the entire Defi sector, behind Tron and obviously the parent company Ethereum.

We do not know technical details of the new product but we know that the official launch is scheduled for 2025.

This is not a drill, Aave Network is planned to come after V4. https://t.co/a43nNlT114

— Stani^ (@StaniKulechov) May 27, 2024

In the financial markets, the terms “bull” and “bear” are used to describe the trends of the market. A “bull” market is characterized by rising prices, while a “bear” market is characterized by falling prices.

Anche EtherFi, noto protocollo di restaking di ultima generazione con un TVL di 6 miliardi di dollari, ha in programma di costruire un layer-2 proprietario in futuro.

After achieving enormous results in the market, such as the introduction of native restaking on L2s, the launch of its own token as an airdrop, and the release of a debit card to collateralize the balance in the protocol by borrowing USDC, now EtherFi aims for the next step.

Even here, the details of this step are not known, except that it could likely happen in 2025, contributing to making user transactions much faster and cheaper.

The objective for the protocol is to improve the user experience and expand its connections with the DeFi landscape by trying to attract as many resources and liquidity as possible.

Top Liquid Restaking Projects on #Ethereum by TVL

Notable top 3#EtherFi: $3.9 B#Renzo: $3.4 B#PufferFinance: $2.7 B

With the #Restaking Summer on the horizon, @ether_fi starts the ball rolling as the 49th project on Binance Launchpool and this trend becomes even more… pic.twitter.com/adp3wltjKQ

— Layer2Gather (@layer2gather) April 24, 2024

Il mercato delle criptovalute è noto per i suoi cicli di bull e bear. Durante i periodi di bull, i prezzi tendono a salire rapidamente, mentre nei periodi di bear, i prezzi possono scendere drasticamente.

Yesterday, ENS Labs, the company responsible for managing the decentralized service Ethereum Name Service, presented a governance proposal where it invites the community to expand its dapp into a layer-2 network.

We still don’t know anything about the prototype of the network that ENS aspires to migrate to: all we know is that as a fundamental criterion the new chain must be EVM compatible, censorship-resistant, decentralized, and open source.

Anche  il money market Aave e la piattaforma di restaking Etherfi stanno pensando di tuffarsi nel panorama dei layer-2 lanciando una rete proprietaria.

Let’s see all the details below.

ENS wants to launch its own layer-2 blockchain

Ethereum Name Service (ENS), protocol for the creation of domini on the Ethereum blockchain, is considering migrating to a layer-2 to address some technical limitations and improve the end-user experience.

Questo è quanto riportato da ENS Labs, organizzazione non-profit situata a Singapore che si occupa dello sviluppo della piattaforma ENS, che con una proposal di governance ha condiviso ieri l’idea con la community del progetto.

Without revealing too many details, the company emphasized the potential benefits that would be brought to the protocol, such as improved scalability with reduced gas fees and the introduction of new advanced features.

Il nuovo layer-2 dovrà essere necessariamente compatibile con lo standard EVM, oltre che resistente alla censura, decentralizzato e open source.

Introducing ENSv2: The Next Generation of ENS

ENS Labs is excited to announce our proposal to extend the ENS protocol to a Layer 2 network. This move isn't just about migrating parts of the protocol; we're re-envisioning the architecture from the ground up! pic.twitter.com/3xM6owTpKk

— ens.eth (@ensdomains) May 28, 2024

In the world of finance, the terms “bull” and “bear” are often used to describe market trends. A “bull” market is characterized by rising prices and investor optimism, while a “bear” market is marked by falling prices and investor pessimism. Understanding these concepts is crucial for anyone looking to navigate the financial markets effectively.

Since 2017 ENS has established itself as the leading platform for on-chain domain registration, effectively becoming the bridge between traditional internet and the decentralized web.

With the passage of time, however, the ambitions of this protocol have also changed, which now in order to truly become mainstream aims to offer lower gas costs than Ethereum fees and faster transactions.

The Ethereum blockchain is indeed excessively expensive to use when there is too much congestion, skyrocketing the commission costs to execute a simple transaction or approve a smart contract.

If the proposal is accepted by the community, the domain registration phase will move to layer-2, which will become the new platform for user interactions in all respects.

With the update, a new hierarchical system is also proposed for more effective management of domini, where the holders of these resources will have access to a unique register, where they can check the subdomains and configure the resolvers.

Furthermore, the transition to ENSv2 implies the improvement of l’interoperabilità multi-chain, with the functions of ENS that will also be brought within other cryptographic ecosystems.

We still do not know the timing of this fundamental transition in the history of Ethereum Name Service, but it is likely that the migration could take place in 2025, provided the proposal passes.

Regarding the news Eskender Abebe, Product and Strategy Manager at ENS Labs, reiterated how the release of Ethereum Improvement Proposal (EIP) 4844 which introduced the function of BLOB in Ethereum rollups with Dencun, was a factor of enormous importance that motivated the team to evaluate the transition to layer-2, effectively making transactions on these second-level networks cheaper. These are his words:

“The release of EIP4844 has made Ethereum-based layer 2 networks much more convenient and scalable, which has been a major driving factor for the ENS proposal.”

Source: https://discuss.ens.domains/t/ens-labs-development-proposal-ensv2-and-native-l2-support/19232

Aave and Etherfi also consider a proprietary layer2 network

ENS non sarebbe l’unico top protocollo della blockchain di Ethereum a pensare ad una migrazione presso un layer-2 più scalabile: dopo il recente successo del trend delle soluzioni di ridimensionamento zk-rollup e degli optimistic rollup, con il TVL di questa nicchia che ha superato i 47 miliardi di dollari, sempre più entità puntano a lanciare la propria chain con appoggio su Ethereum.

One of these is Aave, a very famous lending protocol that should soon complete the upgrade to Aave V4 with the platform aiming to introduce a unified multi-chain liquidity layer, becoming much more efficient in all respects.

The founder of the project, Stani Kulechov, in a recent post on X informed his community that after the V4 Aave could launch its own layer-2 network expanding its DeFi ecosystem towards new horizons.

We remind you that Aave represents the third largest dapp on Ethereum after EigenLayer and Lido, with a TVL of 13 billion dollars: if it landed on an L2, it would effectively become the largest secondary network on Ethereum, even beating the industry leader Arbitrum.

It would simultaneously also be the third largest chain in the entire Defi sector, behind Tron and obviously the parent company Ethereum.

We do not know the technical details of the new product but we know that the official launch is scheduled for 2025.

This is not a drill, Aave Network is planned to come after V4. https://t.co/a43nNlT114

— Stani^ (@StaniKulechov) May 27, 2024

“`html

Anche EtherFi, noto protocollo di restaking di ultima generazione con un TVL di 6 miliardi di dollari, ha in programma di costruire un layer-2 proprietario in futuro.

“`

After achieving enormous results in the market, such as the introduction of native restaking on L2s, the launch of its own token as an airdrop, and the release of a debit card to collateralize the balance in the protocol by borrowing USDC, now EtherFi aims for the next step.

Even here, the details of this step are not known, except that it could likely happen in 2025, contributing to making user transactions much faster and cheaper.

The objective for the protocol is to improve the user experience and expand its connections with the DeFi landscape, aiming to attract as many resources and liquidity as possible.

Top Liquid Restaking Projects on #Ethereum by TVL

Notable top 3#EtherFi: $3.9 B#Renzo: $3.4 B#PufferFinance: $2.7 B

With the #Restaking Summer on the horizon, @ether_fi starts the ball rolling as the 49th project on Binance Launchpool and this trend becomes even more… pic.twitter.com/adp3wltjKQ

— Layer2Gather (@layer2gather) April 24, 2024

This article was paid for*

New play-to-earn meme coin PlayDoge ($PLAY) launched its ICO yesterday on May 28th and has raised close to $300k in its presale thus far.

PLAYDOGE I CHOOSE YOU!

Buy $PLAY tokens in #Presale now! #PlayDoge #MemeCoin #P2E #Pokemon #BNB pic.twitter.com/KmuUQEoE7f

— PlayDoge (@PlayDogeGame) May 28, 2024

The new meme coin is witnessing significant hype, already featuring in popular news publications and backed by famous crypto influencers. 

However, new meme coins are often associated with scams and rug pulls. In this article, we review whether PlayDoge is legit or a scam, based on its smart-contract audit as well as other relevant information. 

What is PlayDoge?

PlayDoge is a new play-to-earn crypto gaming project, with $PLAY as its native cryptocurrency. Its whitepaper claims that PlayDoge is aiming to be a “groundbreaking movement”, combining the iconic Doge meme with Tamagotchi-style virtual pet management. 

Similar to Tamagotchi, players will have a digital Doge pet, operated via a Web3-enabled mobile phone application. They will be expected to keep their pet well-fed, trained and entertained. 

Additionally, players can complete a series of classic mini-games – similar to the 8-bit 2D side scrollers – to earn free crypto in the form of $PLAY tokens. They will also earn XP points, which will reflect on the PlayDoge leaderboard. 

Leaderboard toppers will receive bonus $PLAY rewards and other additional benefits. 

Simply put, the project is banking on the popularity of the Doge meme and the nostalgia of Tamagotchi to attract a sizable community backing. $PLAY’s early presale figures highlight that this strategy appears to have worked so far. 

Furthermore, PlayDoge has its own staking protocol, which is currently offering an APY of over 900%. However, this yield percentage is expected to decrease as an increasingly higher number of tokens are staked in the pool. 

Investors can check the latest reward rate through the PlayDoge staking dashboard. 

PlayDoge Token – Scam Or Legit?

Investors are often hesitant to invest in new meme coins and for good reasons. New tokens carry the risk of being scams, rug pulls or pump-and-dump schemes. 

However, PlayDoge appears to have taken steps to alleviate such concerns. 

The PlayDoge smart contract has been audited by SolidProof.io. According to the audit report – which is available on the PlayDoge.io website – the $PLAY smart contract did not have any security risks or vulnerabilities. 

Additionally, the meme coin also did not have centralization risks. For instance, the contract did not have any ownership privileges. This means that the owner cannot engage in malicious activities such as locking the contract, blacklisting wallets or minting new tokens. 

More importantly, the ownership of the contract has been renounced, which means that the settings of the smart contract cannot be changed. 

PlayDoge’s staking protocol also reduces the risk of pump-and-dump price action, considering that investors can earn significant passive income by holding and staking their $PLAY tokens. 

PlayDoge also has an active, verified X and Telegram account, which is often a mark of a legitimate crypto project. More importantly, the X account became functional in May 2024 itself, meaning that it is not an old scam account masquerading as a new project. 

Additionally, the meme coin has been featured in popular news publications including the Economic Times, Binance Square, TradingView and CoinTelegraph, which does offer some legitimacy to the project. 

Similarly,  popular crypto educational YouTube channel 99Bitcoins – with over 700k subscribers – mentioned the $PLAY in a positive light in their recent video. 

Finally, PlayDoge has published its project tokenomics on its website. A significant allocation of the token supply has been reserved for the community. This includes 50% of the tokens for the ongoing presale, 6% for staking rewards and 20% for additional community rewards.

The remaining tokens have been allocated to exchange liquidity, marketing strategy and project funds. No tokens are set aside for the developer team or any private sale. 

Therefore, with the information available thus far, PlayDoge appears to be a legitimate crypto project.

*Cryptonomist did not write the article or test the platform.

Sooner or later it had to happen: BlackRock’s Bitcoin ETF (IBIT) has surpassed Grayscale’s (GBTC) and has become the largest in the world. 

Ladies & Gentlemen!! The Bitcoin ETF flippening @BlackRock 's Bitcoin ETF, $IBIT overtook @Grayscale 's $GBTC pic.twitter.com/EJI0aAPim9

— HODL15Capital (@HODL15Capital) May 29, 2024

According to the latest known data, IBIT now holds more than 288,000 BTC, while GBTC is stuck at 287,000.

The phase of approach 

The overtaking happened just yesterday, but the chase started on the same day they both landed on the USA stock exchanges, January 11th of this year.

Initially, GBTC owned almost 620,000 BTC, given that the fund had actually existed for more than ten years even if not in the form of an ETF.

Instead, IBIT initially owned 0 Bitcoin.

Since GBTC has particularly high commission costs, and given that until it was converted into an ETF it was almost impossible to convert the shares into BTC or cash, as soon as it was converted into an ETF and hit the stock market, it began to record strong capital outflows. 

In the first week alone of being on the exchanges, it had to liquidate more than 60,000 BTC, and within just two weeks it had already dropped below 500,000 Bitcoin. 

In the meantime, IBIT in just three weeks has come to possess more than 50,000 BTC. It should be noted that it wasn’t just IBIT absorbing the Bitcoin exiting from GBTC, because FBTC of Fidelity was also purchasing Bitcoin at a high rate, although lower than IBIT. 

L’ETF su Bitcoin di BlackRock ci ha messo solamente sei settimane a superare i 100.000 BTC, ed a quel punto ha iniziato ad accelerare ulteriormente. 

In the meantime, while IBIT in just three weeks went from 119,000 BTC to 196,000, GBTC also fell below 400,000 Bitcoin. So just over two months after its launch, BlackRock’s ETF had already reached a size equal to half of Grayscale’s, which had existed for more than ten years. 

The overtaking of BlackRock’s Bitcoin ETF compared to Grayscale

To tell the truth, when IBIT reached 250,000 BTC, and GBTC fell below 350,000, the approach slowed down considerably. 

On the other hand, the first phase was characterized by a true and proper FOMO on Bitcoin, which ended on March 14 with the achievement of the all-time high price at around $73,800.

A quel punto IBIT ha iniziato a crescere molto più lentamente, tanto che nelle successive nove settimane ha acquistato solamente 78,000 BTC, ovvero solo poco più di un terzo di quelli che aveva acquistato nelle prime nove settimane. 

In the same period, GBTC liquidated only slightly more than 100,000 BTC, which is less than half of what it had liquidated in the previous nine weeks. 

Indeed, starting from mid-April, that is from when the price of Bitcoin recorded a correction the week before the halving, the pace of sales of Grayscale’s ETF has significantly reduced compared to the previous months, as well as the pace of purchase of BlackRock’s ETF. 

A partire però proprio da questa settimana si è registrato un piccolo incremento del ritmo di acquisto di IBIT, grazie al quale è finalmente riuscito a superare GBTC. 

Starting from this week, however, there has been a small increase in the purchase rate of IBIT, thanks to which it has finally managed to surpass GBTC. 

The Bitcoin spot ETFs

Among the major ETF or ETP on Bitcoin in the world, the top five are all new ETF launched in January on the US exchanges, even though among these there is GBTC which has existed for more than ten years but not in the form of an ETF.

Only in sixth place is the Canadian BTCC.TO (Purpose Bitcoin ETF), existing since 2022 but not exceeding 28,000 BTC. 

It should be noted that the first five (IBIT, GBTC, FBTC, ARKB, and BITB) together hold more than 820,000 BTC, which is significantly more than the 620,000 that GBTC held initially. This means that the overall increase to date, including GBTC’s losses, amounts to about 200,000 Bitcoin, equivalent to more than 13 billion dollars. 

A special mention must also go to FBTC, the ETF on Bitcoin by Fidelity. 

In fact, over the course of the months, he managed to purchase more than 161,000 BTC, which although are much less than the 288,000 of IBIT, are still many (equivalent to about 11 billion dollars). 

I soli primi tre ETF su Bitcoin al mondo possiedono nel complesso più di 730,000 BTC, ovvero più del 70% di tutti i BTC posseduti al mondo dagli ETF o ETP. 

This makes it evident how dominant the American financial markets are in the crypto field. 

It should not be forgotten that since April 30, there have been spot Bitcoin ETFs on the Hong Kong stock exchange, but these, taken all together over the course of more than four weeks, have not managed to surpass 2,500 BTC.

Just think that the IBIT alone exceeded that figure in its first week on the markets, while within three weeks it had already surpassed 50,000 BTC.

Sebbene il trend che ha portato al sorpasso di IBIT nei confronti di GBTC potrebbe non essersi ancora arrestato, il cambio di ritmo delle ultime settimane fa pensare che l’ETF di BlackRock su Bitcoin potrebbe non crescere ancora più molto sul breve periodo.

Although the trend that led to the overtaking of IBIT compared to GBTC may not have stopped yet, the change of pace in recent weeks suggests that BlackRock’s Bitcoin ETF may not grow much more in the short term.

However, in case of a new bull run, and new FOMO, it could still have ample room for growth.

One last curiosity: the largest ETF in the world on gold, Invesco Physical Gold A (SGLD), has an AUM of about 13.3 billion dollars, while IBIT exceeds 19.5 billion. 

Sooner or later it had to happen: BlackRock’s Bitcoin ETF (IBIT) has surpassed Grayscale’s (GBTC) and has become the largest in the world. 

Ladies & Gentlemen!! The Bitcoin ETF flippening @BlackRock 's Bitcoin ETF, $IBIT overtook @Grayscale 's $GBTC pic.twitter.com/EJI0aAPim9

— HODL15Capital (@HODL15Capital) May 29, 2024

According to the latest known data, IBIT now holds more than 288,000 BTC, while GBTC is stuck at 287,000.

The phase of approach 

The overtaking happened just yesterday, but the chase started on the same day they both landed on the USA stock exchanges, January 11th of this year.

Initially, GBTC owned almost 620,000 BTC, given that the fund had actually existed for more than ten years even if not in the form of an ETF.

Instead, IBIT initially owned 0 Bitcoin.

Given that GBTC has particularly high commission costs, and since until it was converted into an ETF it was almost impossible to convert the shares into BTC or cash, as soon as it was transformed into an ETF and landed on the stock exchange, it began to record strong capital outflows. 

In the first week alone of being on the exchanges, he had to liquidate more than 60,000 BTC, and within just two weeks he had already fallen below 500,000 Bitcoin. 

In the meantime, IBIT in just three weeks has come to possess more than 50,000 BTC. It should be noted that it wasn’t just IBIT absorbing the Bitcoin exiting from GBTC, because FBTC of Fidelity was also purchasing Bitcoin at a high rate, although lower than IBIT. 

L’ETF su Bitcoin di BlackRock ci ha messo solamente sei settimane a superare i 100,000 BTC, ed a quel punto ha iniziato ad accelerare ulteriormente. 

In the meantime, while IBIT in just three weeks went from 119,000 BTC to 196,000, GBTC also fell below 400,000 Bitcoin. So just over two months after the launch, BlackRock’s ETF had already reached a size equal to half of Grayscale’s, which had existed for more than ten years. 

The overtaking of the Bitcoin ETF by BlackRock compared to Grayscale

To tell the truth, when IBIT reached 250,000 BTC, and GBTC fell below 350,000, the approach slowed down quite a bit. 

On the other hand, the first phase was characterized by a real FOMO on Bitcoin, which ended on March 14 with the achievement of the all-time high price of around $73,800.

A quel punto IBIT ha iniziato a crescere molto più lentamente, tanto che nelle successive nove settimane ha acquistato solamente 78,000 BTC, ovvero solo poco più di un terzo di quelli che aveva acquistato nelle prime nove settimane. 

In the same period, GBTC liquidated only a little more than 100,000 BTC, which is less than half of what it had liquidated in the previous nine weeks. 

Indeed, starting from mid-April, that is from when the price of Bitcoin recorded a correction the week before the halving, the pace of sales of Grayscale’s ETF has significantly reduced compared to the previous months, as well as the pace of purchase of BlackRock’s ETF. 

A partire però proprio da questa settimana si è registrato un piccolo incremento del ritmo di acquisto di IBIT, grazie al quale è finalmente riuscito a superare GBTC. 

However, starting from this week, there has been a small increase in the purchase rate of IBIT, thanks to which it has finally managed to surpass GBTC. 

The Bitcoin spot ETFs

Among the major ETF or ETP on Bitcoin in the world, the top five are all new ETFs launched in January on the US exchanges, even though among these there is GBTC which has existed for more than ten years but not in the form of an ETF.

Only in sixth place is the Canadian BTCC.TO (Purpose Bitcoin ETF), existing since 2022 but not exceeding 28,000 BTC. 

Note that the first five (IBIT, GBTC, FBTC, ARKB, and BITB) together hold more than 820,000 BTC, which is much more than the 620,000 that GBTC held at the beginning. This means that the overall increase to date, including GBTC’s losses, amounts to about 200,000 Bitcoin, equivalent to more than 13 billion dollars. 

A special mention must also go to FBTC, the ETF on Bitcoin by Fidelity. 

In fact, over the course of the months, he managed to purchase more than 161,000 BTC, which although are much less than the 288,000 of IBIT, are still many (equal to about 11 billion dollars). 

I soli primi tre ETF su Bitcoin al mondo possiedono nel complesso più di 730,000 BTC, ovvero più del 70% di tutti i BTC posseduti al mondo dagli ETF o ETP. 

Questo rende evidente quanto dominanti siano i mercati finanziari americani in ambito crypto. 

It should not be forgotten that since April 30, there have been spot Bitcoin ETFs on the Hong Kong stock exchange, but these, taken all together over the course of more than four weeks, have not managed to surpass 2,500 BTC.

Just think that the IBIT alone exceeded that figure in its first week on the markets, while within three weeks it had already surpassed 50,000 BTC.

Sebbene il trend che ha portato al sorpasso di IBIT nei confronti di GBTC potrebbe non essersi ancora arrestato, il cambio di ritmo delle ultime settimane fa pensare che l’ETF di BlackRock su Bitcoin potrebbe non crescere ancora più molto sul breve periodo.

Although the trend that led to the overtaking of IBIT compared to GBTC may not have stopped yet, the change of pace in recent weeks suggests that BlackRock’s Bitcoin ETF may not grow much more in the short term.

However, in case of a new bull run, and new FOMO, it could still have ample room for growth.

One last curiosity: the largest ETF in the world on gold, Invesco Physical Gold A (SGLD), has an AUM of about 13.3 billion dollars, while IBIT exceeds 19.5 billion. 

Cristiano Ronaldo e Binance presentano “Forever Worldwide: la strada per l’Arabia Saudita”, una collezione NFT pensata per i fan desiderosi di possedere frammenti dell’eredità di CR7.

This fourth release, part of the multi-year partnership between Binance and the Portuguese champion, celebrates Ronaldo’s legendary career and his connection with the fans and with symbolic places. 

I fan che acquisteranno questi NFT potranno godere di numerosi vantaggi, tra cui magliette vintage, biglietti per le partite e l’opportunità esclusiva di incontrare Cristiano Ronaldo di persona.

The fans who purchase these NFT will be able to enjoy numerous benefits, including vintage t-shirts, tickets for the matches, and the exclusive opportunity to meet Cristiano Ronaldo in person.

Sure, here is the translation while keeping the HTML markup and not translating the words “bull” and “bear”: “`html

Let’s see all the details below. 

“` Exclusive NFTs, unique advantages, and meetings with Ronaldo in collaboration with Binance

As anticipated, Cristiano Ronaldo and Binance unveiled today their latest NFT collaboration, introducing the collection “Forever Worldwide: The Road to Saudi Arabia”.

Questa nuova serie di NFT racconta la vita e la straordinaria carriera di Ronaldo, dalle sue umili origini a Madeira fino a diventare una leggenda del calcio mondiale. Offrendo così ai fan esperienze innovative e ricompense esclusive.

The fourth release of the multi-year partnership between Binance and Ronaldo offers fans the opportunity to explore the key locations of CR7’s career: Madeira, Lisbon, Manchester, Madrid, Turin, Saudi Arabia, and Portugal. 

To create this collection, local artists with deep ties to these territories were carefully selected, whose unique designs contributed to the realization of each NFT. Cristiano Ronaldo stated about it:

“It is exciting to think that, thanks to this collaboration with Binance, my fans can carry fragments of my football history with them. Each stage of this new collection has a special meaning for me. Working with artists capable of capturing the unique emotions of each place that has marked my career makes this experience even more special. Thanks to the NFTs, these moments of my journey can live forever.”

Rachel Conlan, Chief Marketing Officer di Binance, commented: 

“The incredible journey of Cristiano Ronaldo, from his humble beginnings to a legend of world football, has inspired fans all over the world and allowed us to witness this extraordinary rise. To represent this journey, we have collaborated with him to create our most extraordinary NFT collection ever, offering the best rewards ever seen for sports enthusiasts and showcasing artistic talents personally connected to iconic places in Cristiano’s life. Together, we are committed to redefining fan engagement in sports.”

The drops of Ronaldo’s NFT collection: masterpieces of Madrid, Turin, and Saudi Arabia

“Forever Worldwide: The Road to Saudi Arabia” will be launched in two phases during the next football season and will culminate in an auction in June for a limited collection of Super Super Rare NFT (SSR).

Il primo drop avverrà oggi 29 maggio e include le iconiche location di Madeira, Lisbona e Manchester. 

The vibrant artworks of the Portuguese artists Katt Phatt (Madeira) and Rodrigo Doin (Lisbon) represent the places where Cristiano Ronaldo’s journey began, offering fans the chance to own a fundamental piece of his glorious career. 

Questo primo drop includerà anche l’opera d’arte NFT dell’artista di Manchester John Sheehan, che rende omaggio alla rapida ascesa di Ronaldo a Manchester.

Il secondo Drop sarà lanciato il 6 giugno e includerà incredibili capolavori che rappresentano Madrid, Torino e Arabia Saudita. 

The drawings of the Spanish artist Lisett Ledón depict the unprecedented success of Ronaldo in Madrid, embodying his passion for the Spanish league. 

Pasquale Garibaldi celebrates the period in Turin, highlighting the legacy of the champion in Serie A and in Italian football, as explained by Ronaldo: 

“Torino marked an important chapter in my journey. It is the place where I discovered and embraced a new football culture and where the extraordinary tradition of Italian football inspired me to push myself further. The experience spent in Italy was a beautiful shared story that involved all my fans.”

The artist Pasquale Garibaldi on the other hand adds: 

“Fascinated by the historical heritage of the city of Torino, I tried to convey the energy with which Cristiano Ronaldo arrived in Italy and the strength he demonstrated match after match in every stadium. I chose a goal in particular that showed an athleticism and a desire to reach the top that few players have, completely bypassing the defense with a single leap.”

Finally, the Saudi artist Shaker Kashgari will design an NFT to celebrate the latest chapter of Ronaldo’s career in Saudi Arabia.

The auction and the prizes for the fans 

From June 14 to 18, there will be an online auction for a limited collection of 7 super rare NFTs, designed by Mr. Dheo, a tribute to Cristiano Ronaldo’s connection with Portugal.

I possessori del NFT SSR Portogallo avranno l’opportunità di partecipare a un’esperienza esclusiva con il calciatore, che include un viaggio a Riyadh, un biglietto per una partita e una celebrazione personalizzata del gol. 

The super fans who collect all the NFTs from the fourth collection will also have the chance to win one of the special SSR NFTs for free by participating in a quiz starting from June 11th.

At the cost of 35 dollars (USD) in all locations, except for the limited NFT SSR, the collection will introduce a “Collect to Earn” mechanism for access to NFT utilities. 

The collectors will be able to earn rewards from the first purchase of a Forever Worldwide NFT, such as vintage jerseys, soccer tickets, signed posters, and printables. 

Furthermore, also the possibility to send questions to which Cristiano will respond in a video made specifically for the holders of the NFT.

Cristiano Ronaldo e Binance present “Forever Worldwide: la strada per l’Arabia Saudita”, una collezione NFT pensata per i fan desiderosi di possedere frammenti dell’eredità di CR7.

Questa quarta release, parte della partnership pluriennale tra Binance e il campione portoghese, celebra la carriera leggendaria di Ronaldo e il suo legame con i tifosi e con luoghi simbolici. 

I fan che acquisteranno questi NFT potranno godere di numerosi vantaggi, tra cui magliette vintage, biglietti per le partite e l’opportunità esclusiva di incontrare Cristiano Ronaldo di persona.

Let’s see all the details below. 

Exclusive NFTs, unique advantages, and meetings with Ronaldo in collaboration with Binance

As anticipated, Cristiano Ronaldo and Binance unveiled today their latest NFT collaboration, introducing the collection “Forever Worldwide: The Road to Saudi Arabia”.

This nuova serie di NFT racconta la vita e la straordinaria carriera di Ronaldo, dalle sue umili origini a Madeira fino a diventare una leggenda del calcio mondiale. Offrendo così ai fan esperienze innovative e ricompense esclusive.

The fourth release of the multi-year partnership between Binance and Ronaldo offers fans the opportunity to explore the key locations of CR7’s career: Madeira, Lisbon, Manchester, Madrid, Turin, Saudi Arabia, and Portugal. 

To create this collection, local artists with deep ties to these territories were carefully selected, whose unique designs contributed to the realization of each NFT. Cristiano Ronaldo stated about it:

“It is exciting to think that, thanks to this collaboration with Binance, my fans can carry fragments of my football history with them. Each stage of this new collection has a special meaning for me. Working with artists capable of capturing the unique emotions of each place that has marked my career makes this experience even more special. Thanks to the NFTs, these moments of my journey can live forever.”

Rachel Conlan, Chief Marketing Officer di Binance, commented: 

“The incredible journey of Cristiano Ronaldo, from his humble beginnings to a legend of world football, has inspired fans around the world and allowed us to witness this extraordinary rise. To represent this journey, we have collaborated with him to create our most extraordinary NFT collection ever, offering the best rewards ever seen for sports enthusiasts and showcasing artistic talents personally connected to iconic places in Cristiano’s life. Together, we are committed to redefining fan engagement in sports.”

The drops of Ronaldo’s NFT collection: masterpieces of Madrid, Turin, and Saudi Arabia

“Forever Worldwide: The Road to Saudi Arabia” will be launched in two phases during the next football season and will culminate in an auction in June for a limited collection of Super Super Rare NFT (SSR).

Il primo drop avverrà oggi 29 maggio e include le iconiche location di Madeira, Lisbona e Manchester. 

The vibrant artworks of the Portuguese artists Katt Phatt (Madeira) and Rodrigo Doin (Lisbon) represent the places where Cristiano Ronaldo’s journey began, offering fans the chance to own a fundamental piece of his glorious career. 

Questo primo drop includerà anche l’opera d’arte NFT dell’artista di Manchester John Sheehan, che rende omaggio alla rapida ascesa di Ronaldo a Manchester.

Il secondo Drop sarà lanciato il 6 giugno e includerà incredibili capolavori che rappresentano Madrid, Torino e Arabia Saudita. 

The drawings of the Spanish artist Lisett Ledón depict the unprecedented success of Ronaldo in Madrid, embodying his passion for the Spanish championship. 

Pasquale Garibaldi celebrates the period in Turin, highlighting the legacy of the champion in Serie A and in Italian football, as explained by Ronaldo: 

“Torino marked an important chapter in my journey. It is the place where I discovered and embraced a new football culture and where the extraordinary tradition of Italian football inspired me to push myself further. The experience spent in Italy was a beautiful shared story that involved all my fans.”

The artist Pasquale Garibaldi on the other hand adds: 

“Fascinated by the historical heritage of the city of Torino, I tried to convey the energy with which Cristiano Ronaldo arrived in Italy and the strength he demonstrated match after match in every stadium. I chose a goal in particular that showed an athleticism and a desire to reach the top that few players have, completely bypassing the defense with a single leap.”

Finally, the Saudi artist Shaker Kashgari will design an NFT to celebrate the latest chapter of Ronaldo’s career in Saudi Arabia.

The auction and the prizes for the fans 

From June 14 to 18, there will be an online auction for a limited collection of 7 super rare NFTs, designed by Mr. Dheo, a tribute to Cristiano Ronaldo’s connection with Portugal.

The possessors of the NFT SSR Portogallo will have the opportunity to participate in an exclusive experience with the footballer, which includes a trip to Riyadh, a ticket for a match, and a personalized goal celebration. 

The super fans who will collect all the NFTs from the fourth collection will also be able to win one of the special SSR NFTs for free by participating in a quiz starting from June 11th.

At the cost of 35 dollars (USD) in all locations, except for the limited NFT SSR, the collection will introduce a “Collect to Earn” mechanism for access to NFT utilities. 

I collezionisti potranno guadagnare premi fin dal primo acquisto di un NFT Forever Worldwide, come maglie vintage, biglietti di calcio, poster firmati e stampabili. 

Furthermore, also the possibility to send questions to which Cristiano will respond in a video made specifically for the holders of the NFT.

The famiglia del dirigente di Binance, Tigran Gabaryan, incarcerato in Nigeria da oltre due mesi, ha rivelato che potrebbe avere la malaria. Il cittadino statunitense Gabaryan è stato accusato di riciclaggio di denaro ed evasione fiscale.

Binance: the executive imprisoned in Nigeria is suspected to have malaria

According to what reported, the family members of the Binance executive, Tigran Gabaryan, have revealed that there is a suspicion that he has malaria. 

The US citizen Gabaryan has been detained in prison in Nigeria for over two months, with the accusation of money laundering and tax evasion.

Apparently, however, the spokesperson for his family stated that despite the suspicion of having contracted malaria, the executive of Binance has not yet been taken to the hospital.

“Nonostante un ordine del giudice Emeka Nwite emesso giovedì 23 maggio, Tigran Gabaryan non è ancora stato trasferito in ospedale dalla prigione di Kuje. Non è ancora stato accertato ufficialmente di cosa soffra, dato che le strutture mediche a Kuje sono inadeguate. Si sospetta che abbia una grave infezione alla gola e la malaria.”

The wife of Gabaryan would have also asked for help from the US government, stating the following: 

“Tigran does not deserve such inhumane treatment. He has done nothing wrong and is suffering only because he accepted an invitation to a meeting in Abuja. This situation has gone too far. I ask everyone who can help us, including our American government, to recognize that the life of an innocent man is in danger. Please, at least let him go to the hospital so he can recover. But most importantly, let him come back home to us.”

The hearings for the charges of tax evasion and money laundering are scheduled respectively for June 14 and 20. 

Binance: Nigeria rejects the bail request of the executive and keeps him detained in prison

It was May 17, when Gambaryan saw his request for bail rejected by the court in Nigeria. 

The motivation of the tribunal for such a refusal was the risk of fuga on the part of the accused. 

Not only that, the tribunal of Nigeria would also have notified the charge of tax evasion through Gambaryan also to Binance. 

Gambaryan has been detained in Nigeria since February, when he arrived with a colleague in the country, subsequently moved to Kuje prison, where members of the terrorist group Boko Haram are also held. 

The request for release also by Richard Teng, CEO of Binance

A scendere in campo per supportare il dirigente di Binance, ci ha pensato anche il CEO di Binance, Richard Teng. 

Teng would have urged the Nigerian government to release Gambaryan, head of the Financial Crime Compliance team of the cryptocurrency exchange. Unfortunately, however, the current choices of the Nigerian government do not seem to be inclined to Teng’s requests. 

At the beginning of March 2024, the government of Nigeria had asked Binance for compensation of at least 10 billion dollars for taking advantage of “illegal transactions” to the detriment of the country. 

 different sources. 

The family of the Binance executive, Tigran Gabaryan, imprisoned in Nigeria for over two months, has revealed that he might have malaria. The U.S. citizen Gabaryan has been accused of money laundering and tax evasion.

Binance: the executive imprisoned in Nigeria is suspected to have malaria

According to what reported, the family members of the Binance executive, Tigran Gabaryan, have revealed that there is a suspicion that he has malaria. 

The US citizen Gabaryan has been detained in prison in Nigeria for over two months, with the accusation of money laundering and tax evasion.

Apparently, however, the spokesperson for his family stated that despite the suspicion of having contracted malaria, the executive of Binance has not yet been taken to the hospital.

“Nonostante un ordine del giudice Emeka Nwite emesso giovedì 23 maggio, Tigran Gabaryan non è ancora stato trasferito in ospedale dalla prigione di Kuje. Non è ancora stato accertato ufficialmente di cosa soffra, dato che le strutture mediche a Kuje sono inadeguate. Si sospetta che abbia una grave infezione alla gola e la malaria”.

The wife of Gabaryan would have also asked for help from the US government, stating the following: 

“Tigran does not deserve such inhumane treatment. He has done nothing wrong and is suffering only because he accepted an invitation to a meeting in Abuja. This situation has gone too far. I ask everyone who can help us, including our American government, to recognize that the life of an innocent man is in danger. Please, at least let him go to the hospital so he can recover. But most importantly, let him come back home to us.”

The hearings for the charges of tax evasion and money laundering are scheduled respectively for June 14 and 20. 

Binance: Nigeria rejects the bail request of the executive and keeps him detained in prison

It was May 17, when Gambaryan saw his request for bail rejected by the court in Nigeria. 

The motivation of the tribunal for such a refusal was the risk of fuga by the accused. 

Not only that, the tribunal of Nigeria would also have notified the charge of tax evasion through Gambaryan also to Binance. 

Gambaryan has been detained in Nigeria since February, when he arrived with a colleague in the country, subsequently moved to Kuje prison, where members of the terrorist group Boko Haram are also held. 

The request for release also by Richard Teng, CEO of Binance

A scendere in campo per supportare il dirigente di Binance, ci ha pensato anche il CEO di Binance, Richard Teng. 

Teng would have urged the Nigerian government to release Gambaryan, head of the Financial Crime Compliance team of the cryptocurrency exchange. Unfortunately, the current choices of the Nigerian government do not seem to be inclined to Teng’s requests. 

At the beginning of March 2024, the government of Nigeria had asked Binance for compensation of at least 10 billion dollars for taking advantage of “illegal transactions” to the detriment of the country. 

 different sources. 

This article was paid for*

With the next crypto bull run potentially around the corner, investors are now scouting for cheap cryptos that can position them for huge gains. Since well-established, big cap cryptocurrencies often offer lower returns at higher costs, many traders turn to emerging crypto assets priced under $1 or a fraction of a cent. 

With tens of thousands of cheap crypto options available, finding ones with real potential requires extensive research. To help you make informed investment decisions, we combed the market and identified some of the top under $1 cryptos that could potentially see explosive price action in the coming months. 

Best Crypto Under $1 To Buy – Quick List

Below are some of the best penny cryptos with the best chance of experiencing 100x gains soon:

Dogeverse (DOGEVERSE) – World’s first multichain meme coin

Sealana (SEAL) – New Solana meme coin sensation with a seal-themed novelty

WienerAI (WAI) – Best crypto under $1 with AI and meme coin fundamentals

PlayDoge (PLAY) – Latest under $1 coin, boasting doge and P2E attributes 

Mega Dice (DICE) – GambleFi token, offering exclusive rewards and perks

99Bitcoins (99BTC) – Cheap BRC-20 coin, incentivizing subscribers for learning about crypto 

eTukTuk (TUK) – AI-powered crypto project, supporting sustainable environmental goals

Sponge V2 (SPONGE) – Second iteration and upgraded version of Sponge V1

Smog (SMOG) – Dragon-themed meme coin with a gamified airdrop model

Slothana (SLOTH) – New Sloth-themed meme coin

Best Cryptos Under $1 – Full Reviews

In this section, we will dive deep into each of the cryptos to see why they have the potential to soar to the moon. 

Dogeverse (DOGEVERSE) – World’s First Multichain Meme Coin

Dogeverse is one of the best cryptos under a dollar to buy in June. Selling for a fraction of a cent, Dogeverse has shown that it has all it takes to record rapid market growth and reward early movers.

DOGEVERSE stands tall among the host of meme coins flooding the market of late thanks to its multi-chain posture. The project is the first Doge-themed meme coin that’s built on top networks like Ethereum, BNB Chain, Polygon, Solana, Avalanche, and Base. 

Its compatibility with numerous blockchains exposes the token to different crypto communities. Attesting to its huge potential, 99Bitcoins, a popular crypto-centric YouTube channel with more than 706k subscribers recently speculated that the multichain meme coin might experience consecutive green candles when it makes its market debut. 

So far, investors have been flocking to its ongoing presale, allowing it to reach its $15 million goal within weeks. In a matter of days, the presale will come to a close and participants will be able to claim their tokens. 

For those who are yet to participate, time is running out as the token is now gearing up for its IEO. Take advantage of the few days left to participate and gain exposure to a project with unique features and early-stage potential. 

Follow Dogeverse on X to stay updated about its future listings.

Buy Dogeverse  Sealana (SEAL) – New Solana Meme Coin Sensation With A Seal-Themed Novelty

Sealana is flying high on our list of the top under $1 cryptocurrencies to buy ahead of the next bull run. Sealana is built on Solana, a blockchain that is famous for its high throughput and low cost. 

Drawing inspiration from South Park’s World of Warcraft arc, Sealana tells the tale of a seal character who gave up his youthful svelte figure in his quest to find the next big Solana meme coin. Taking a comical tone, Sealana’s theme affirms its lofty ambition to take over the crypto market. 

Contributing to its appeal is its streamlined “send to wallet” approach that ensures investors can invest directly without involving any intermediary. Users can also buy SEAL using the presale widget which supports major assets like SOL, ETH, BNB, USDT, and USDC.

While it has no defined utility, popular cryptocurrency analyst CryptoZeus says Sealana might even outperform mainstream tokens when it lands on the price charts.

Currently selling for as low as $0.22, Sealana presents a compelling case as a top crypto under one dollar in the market. Meanwhile, its ongoing presale has gathered over $2.5 million as of press time, indicating investors’ growing interest in the token.

Follow Sealana on X to stay updated about its future listings.

Buy Sealana WienerAI (WAI) – Best Crypto Under $1 With AI And Meme Coin Fundamentals

WienerAI has caught the attention of early movers with its distinctive combination of artificial intelligence, canine, sausage, and meme. The meme coin presents itself as an early investment opportunity that comes at a cheap price of $0.00071 and has huge potential to explode.

As a meme coin, WienerAI is enjoying good hype and has gathered a vibrant community that has kept the conversation around the token alive. 

WienerAI’s growing popularity is also underpinned by its trading bot utility, distinguishing it from other meme coins that have launched this year. The  AI-powered crypto trading bot will provide real-time market insights that can assist investors to make informed decisions. 

Considering the relevance of its upcoming trading bot, well-known crypto analyst, Jacob Crypto Bury, says WienerAI is poised to make an impact in the crypto space. 

Don’t forget that the presale is the best opportunity for investors to get $WAI at a cheap price, and earn high staking rewards. 

Follow WienerAI on X to stay updated about its future listings.

Buy WienerAI PlayDoge (PLAY) – Latest Under $1 Coin, Boasting Doge And P2E Attributes 

$PLAY is another compelling pick for the best low price crypto to buy now. Available at a discounted price of $0.0045, PlayDoge caters to all kinds of investors who are looking to buy a high volume of cryptocurrencies at a cheap cost. 

PlayDoge stands out among its peers with its seamless combination of meme and P2E fundamentals. While sharing the same dog-inspired theme with meme coin king, Dogecoin and even Shiba Inu, PlayDoge has further enhanced its appeal by offering a unique value proposition. 

The P2E concept of PlayDoge will see gamers earn $PLAY in the 8-bit digital world where they can feed, train, and play with their 2D Doge as they nurture it through in-app mini-games. While igniting the 90s nostalgia through its classic 2D gameplay, PlayDoge is turning the popular Doge meme into a Tamagotchi-style virtual pet. 

With its fascinating gameplay, PlayDoge is tipped to become a driving force in the global video game industry that is billed to hit $665 billion in 2033. Riding on the meme coin mania, its P2E concept, and the potential growth of the video game market, $PLAY is on the route to enjoy a massive price increase by the time it launches.

Follow PlayDoge on X to stay updated about its future listings.

Buy PlayDoge Mega Dice (DICE) – GambleFi Token, Offering Exclusive Rewards And Perks

DICE is the native token of a leading mobile gambling site, Mega Dice. The token is poised to be the next big thing in the GambleFi sector as it has been tipped to benefit from the popularity of its host platform Mega Dice. 

Mega Dice is a renowned mobile casino and sports betting platform that has become a popular choice among players, owing to its wide range of games, enormous odds, and amazing bonuses. The gambling site recently launched the presale campaign of its native token, which has already garnered massive attention. 

DICE is presently selling at a giveaway price of $0.075. According to Mega Dice, the token will serve as a medium through which investors will receive a wide range of exclusive rewards.

Despite being a newly-launched token, DICE has quickly secured the support of influential analysts like Michael Wrubel who recently expressed bullish views about where the token’s price may be heading in the next few weeks. 

Meanwhile, its presale has raised upwards of $1.2 million. To join the thousands of investors who are diversifying their portfolios with DICE, join the presale now. 

Follow Mega Dice on X to stay updated about its future listings.

Buy Mega Dice 99Bitcoins (99BTC) – Cheap BRC-20 Coin, Incentivizing Subscribers For Learning About Crypto

99Bitcoins is an educational platform that provides market insights and basic crypto education through videos and learning modules. Since 2013, the platform’s educational program has been instrumental for newbies finding their feet in the industry.  

This year, 99Bitcoins recently transitioned into a Learn-to-Earn outlet that incentivizes subscribers for completing crypto courses and tests. The L2E platform has also launched $99BTC as its native token to reward community members. 

In addition to this, 99Bitcoins is also offering a staking utility to provide token holders with passive income for their contributions to the growth of the ecosystem. According to its whitepaper, the rewards will be shared over the course of two years.

Describing it as one of the best BRC-20 tokens around, TodayTrader, a YouTuber with more than 11k subscribers, says 99Bitcoins’ utility gives it both short and long-term potential.  

As of the time of writing, this penny crypto is available for a discounted rate of $0.00106. This alongside its distinctive attributes makes it a standout cheap crypto to buy. 

Follow 99Bitcoins on X to stay updated about its future listings.

Buy 99Bitcoins  eTukTuk (TUK) – AI-powered Crypto Project, Supporting Sustainable Environmental Goals

eTukTuk is another cheap cryptocurrency, priced at only $0.032 during its ongoing presale. For those seeking to invest in promising cryptos at low cost, eTukTuk is one of the options to consider as it has the ingredients to become a standout performer in the market. 

With a focus on eliminating the environmental pollution caused by fuel-powered vehicles, eTukTuk redefines the future of transportation in developing countries and the world at large. 

First, the green environment movement wants to provide zero-emission electric vehicles to people of all income classes. Beyond that, eTukTuk will also build a solar-based charging infrastructure where users of its electric vehicles will be able to charge their electric vehicles. 

Discover the smart way to travel with eTukTuk!

Our vehicles not only help you save on fuel but also reduce maintenance expenses compared to traditional vehicles.

Join us in driving towards a more #economical future! pic.twitter.com/3NNKVS0eBM

— eTukTuk (@eTukTukio) May 25, 2024

eTukTuk’s offerings also extend to P2E gaming. Recently, it launched its eagerly-awaited free riding game, Crazy Tuk Tuk Taxi on the App Store and Play Store. With the game, players are able to immerse themselves into the exciting world of auto riding, picking up and dropping off passengers across the busy streets.

At the heart of this project is the $TUK token that will serve as a means of payment at the solar-powered charging stations. Its ongoing presale is still live and has already gathered over $3 million from investors.

Follow eTukTuk on X to stay updated about its future listings.

Buy eTukTuk Sponge V2 (SPONGE) – Second Iteration & Upgraded Version Of Sponge V1

Sponge V2 is one of the most talked about meme coins that have graced the cryptocurrency market this year. Don’t forget that the token is designed to offer staking rewards for early movers who invested in Sponge V1. 

Don’t forget how Sponge V1 capitalized on the meme coin mania of the second quarter of 2023 to enjoy a successful launching campaign. Within a short period, the token saw a 100x surge, reaching a market cap of  $100 million market capitalization. 

However, the meme coin recorded a sharp decline and the project developer resorted to come up with Sponge V2 with a stake-to-bridge and P2E mechanics. Presently, all Sponge V1 tokens have been fully bridged to Sponge V2. 

When it comes to its gaming aspect, Sponge V2 is developing a kat racing game that will help players earn free rewards. The more you play the game and complete certain tasks, the more money you earn.

#Crypto bears in disbelief… $SPONGE #MemeCoin #100x #ETH pic.twitter.com/J7xGAAYI3x

— $SPONGE (@spongeoneth) May 28, 2024

Since it has several upsides, Sponge V2 stands out as an ideal investment opportunity for all kinds of traders. 

Follow Sponge V2 on X to stay updated about its future listings.

Buy Sponge V2 Smog (SMOG) – Dragon-Themed Meme Coin With A  Gamified Airdrop Mode

Smog is another distinctive meme coin that launched during the year. It offers early movers and active community members a mouth-watering reward. The token has taken the crypto market by storm with its distinctive airdrop campaign. 

The airdrop comes in a gamified manner that mandates community members to complete certain tasks to earn points. Instead of distributing the token to long-term holders or some selected few, the project team intends to distribute Smog  based on the points accumulated. 

With this launching system, Smog has garnered an active community that has helped in keeping the hype around the token alive. Popular crypto YouTube channel, Cryptonews recognized the potential of the token, describing the meme coin as one of the best under $1 tokens to invest in. 

Presently available at a cheap price, Smog presents itself as a good under $1 investment opportunity to buy ahead of the next bull run. With its remarkable performance since landing on the price charts, there are strong indications that Smog is on the right track.

Follow Smog on X to stay updated about its future listings.

Buy Smog Slothana (SLOTH) – New Sloth-Themed Meme Coin

After a successful presale, Slothana has now made a perfect entry into the market, earning the attention of renowned crypto exchanges like Bitrue, Poloniex, and HTX. 

The real buzz around Slothana is underpinned by several factors, including its vibrant community, intriguing lore, and presence on Solana. The Sloth-themed coin, riding in the wave of investors’ enthusiasm for Solana projects, raised over $15 million in the just-concluded presale. 

Slothana landed on IEO on April 20 which coincides with the previous Bitcoin halving and Doge Day. The excellent launch timing alongside some wonderful efforts from the project team caused a massive surge in the price of Slothana. 

Within just a month of making its market debut, Slothana secured a strategic partnership with the world’s biggest poker site, CoinPoker to host an exhilarating #SLOTHSUNDAY# poker tournament. The tournament which was held on May 19, 2024, witnessed great participation from members of the Slothana community. 

Exciting News for the $SLOTH Community

The guys over at @Coinpoker_OFF love Slothana so much that they’ve set up the #SLOTHSUNDAY no limit hold-em tournament, and they’re giving the entire $SLOTH community FREE Entry!

With a guaranteed prize pool of $10,000, $25… pic.twitter.com/SrLb4yWWZE

— Slothana (@SlothanaCoin) May 14, 2024

Above all, Slothana, in the past 30 days, has recorded a decent price performance, soaring by more than 16%. While there has been a slight drop in the last few days, there are strong indications that it will bounce back.  

Follow Slothana on X to stay updated about its future listings.

Conclusion 

Penny cryptocurrencies appeal to newbies who want to get a feel of the market with a small amount of money as well as veterans who are looking to buy higher volumes of cryptocurrencies for a lesser price. 

If you fall under either of these categories, the cryptocurrencies listed in this article might just be good for you as they are cheaper and come with substantial prospects. 

Coming first on this list is Dogeverse, a multichain meme coin that’s currently gearing up for its IEO. However, investors can still buy the token at a discounted rate of $0.00031 until June 3 when the project will draw the curtains on its presale. 

Buy Dogeverse 

*Cryptonomist did not write the article or test the platform.

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Solana (SOL) has pumped during the past week as VNX and Sygnum Bank made history by enabling customers for the very first time to deposit, withdraw , exchange and custody stablecoins referencing two major European currencies, VUX EUR and VNX CFH on top of the Solana blockchain. Alongside it, KangaMoon (KANG) has pumped 400% as it introduces an ecosystem with Play-to-Earn (P2E) elements and a community-driven approach. 

With these two cryptos performing so bullishly many are attempting to see if Binance Coin (BNB) can perform in a similar way especially as its ecosystem is also experiencing growth. Today, we will go over the price performance of all three to see which is the best crypto to buy.

Solana Crypto on the Rise Following Historic Partnership

Solana (SOL) witnessed a major increase as it spiked above the $180 price range, following one of the largest additions to its ecosystem. VNX and Sygnum Bank reached a monumental milestone, as through a groundbreaking collaboration, customers of a major European bank can deposit, withdraw, exchange and custody stablecoins referencing two major European currencies, including VNX EUR and VNX CFH. 

This will occur through the Solana blockchain, which can result in the increased demand of the Solana crypto as well, positioning it as the best cryptocurrency to buy. According to the Solana price metrics, its bullishness has not stopped, and at this rate it is closer than before towards breaking above the $200 price range. According to the Solana price prediction, it can end Q4 at $182.69.

KangaMoon (KANG) Introduces a Blend of P2E, Social-Fi and a Community-Driven Approach

KangaMoon (KANG) disrupts the meme coin space through forging a compelling trifecta of innovative Play-to-Earn (P2E) mechanics, strategic Social-Fi integration, and a community-driven approach. This blend transcends the fleeting hype often seen with meme coins, and establishes a robust ecosystem, with a native token that has actual utility. KANG offers a lot of value, as it’s used as the reward token for the Social-Fi elements, as well as for the in-game battles and tournaments that players can be a part of. 

Moreover, the KangaMoon blockchain ICO has become a major success, as it has attracted over 32,000 users and has exceeded $7 million in funding. Expert projections anticipate the figure to shatter the $7.5 range as well by the end of the month. 

So far, KANG has risen from $0.005 to $0.025, marking a 400% uptrend and placing it as the best crypto to buy. The KANG token is now on top of CoinMarketCap and CoinGecko, and at this rate could soon see far more significant gains especially following its listing on the BitMart CEX. According to experts, it can climb 100x at launch, and its listings. 

Binance Coin Crypto Bullish – Can It Keep Up With KANG and SOL?

Binance Coin (BNB)’s technical indicators suggest a bullish outlook, especially following the recent announcement of the DAU Incentive Program by the BNB Chain team, which is a positive development. This program allocates up to $200,000 to projects building on the network, potentially increasing Binance Coin crypto usage and demand across various products and services. On the Binance Coin price chart, BNB has found support around $595. 

A confirmed breakout above $620 could signal further price appreciation in 2024. The on-chart metrics, such as RSI and MACD are bullish, and by the year’s end, according to the Binance Coin price prediction, it can reach $887.50.

Which Crypto Can Perform the Best?

Solana is bullish on the charts and based on its recent performance, is poised to reach new heights in 2024. Binance Coin also has the potential to grow, especially with the ever-evolving ecosystem, but despite this, KangaMoon has the most ROI potential, as it introduces an ecosystem that can become a major force in the GameFi space and position it as a leader, making it the best cryptocurrency to buy.

Discover the Exciting Opportunities of the KangaMoon (KANG) Presale Today!

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*This article was paid for. Cryptonomist did not write the article or test the platform.