The post Could Solana Explode Soon? Ethereum Holders Investing In New 100x Memecoin! appeared first on Coinpedia Fintech News

Buckle up, crypto enthusiasts; Solana has been making waves lately with whispers of explosive growth. Even Ethereum holders, known for their selective taste, are looking for the next big thing. Could this be Raboo? the meme coin that’s got everyone buzzing. Not only is it projected for a mind-blowing 100x surge, but its presale success is nothing short of phenomenal. Is Raboo the secret weapon you’ve been waiting for? Read on to discover why this innovative meme coin with a bright future could be the next big thing in crypto. 

Is Solana ready to make a comeback?

Like most other major coins in the market right now, Solana has been going through its downturn. However, it’s looking like there might be some greener pastures ahead for the coin. Why is this so, you might ask?

First, Solana boasts lightning-fast transaction speeds, processing thousands per second compared to Ethereum’s current crawl. Its fees are significantly lower, making it a dream for everyday crypto users. 

This speed demon is also attracting big names with its recent partnerships. For instance, the recent collaboration between Solana and PayPal, to bring Solana’s ultrafast network and low transaction costs to Paypal’s stablecoin product, has been instrumental in expanding the reach of Solana tokens. Analysts are whispering that Solana’s got all the ingredients for a massive explosion soon – a potent mix of cutting-edge tech and a booming market hungry for innovation. Solana could be just next in line to topple the internet. 

Ethereum investors branching out for bigger gains

Ethereum, the OG of smart contracts, is still a heavyweight champ, hovering around $3437. But here’s the thing: most Ethereum holders, or at least the majority, are financially literate enough not to put all their funds in one basket. Risk diversification is always crucial, more so in the crypto industry, given the market’s instability.

What caused a change in the investors’ sentiment towards Ethereum? There are two main reasons. First, with the crypto market constantly evolving, some Ethereum holders are looking for potentially higher returns on new projects. Second, diversification is key in any investment strategy, and savvy Ethereum folks are spreading their bets to hedge against market swings. Ethereum holders are dipping their toes into exciting new cryptocurrencies, including emerging projects like Raboo. 

 Raboo: The new memecoin with the serious bite

While Ethereum remains a solid choice, and Solana could be making a comeback, there’s a new kid on the block turning heads: Raboo. This meme coin with a brain just crushing its presale, raising over a cool $1.6 million and skyrocketing 60% so far. But Raboo’s more than just a memecoin. 

It has an AI-powered meme generator, which makes it easy for users to unleash their inner comedian and create viral content. Plus, Raboo’s got a built-in “Post-to-Earn” platform, where you can actually score rewards for your hilarious memes. Imagine getting paid to be funny—that’s the Raboo dream!

With the meme coin market still booming, Raboo has the potential to become a true leader. Experts are even predicting a monster 100x surge after launch. Don’t miss out on the next big thing – board Raboo early and see where it takes you! This meme coin with a brain might just be the secret weapon you’ve been waiting for.  

Conclusion 

The crypto world is electric. With Solana, whispers of a massive boom are swirling. Even Ethereum holders, known for being picky, are looking for the next big thing. Raboo, the meme coin with a brain, has crushed its presale and boasts a “Post-to-Earn” platform to reward your genius. With a predicted 100x surge, Raboo could be the game-changer you’ve been waiting for. Don’t miss out! Invest in Raboo’s presale, explore Raboo’s potential, and keep your finger on the pulse of this ever-evolving market. 

You can participate in the Raboo presale here

Telegram: https://t.me/RabootokenPortal

Twitter: https://twitter.com/Raboo_Official

The post Crypto Experts Run To New Presale Amid BTC’s Price Drop, Angry Pepe Fork Is Rated Top Pick For June appeared first on Coinpedia Fintech News

A new presale project that is currently trending in the market is called Angry Pepe Fork. They have labeled it the best crypto to invest in this month because of the low market capitalization which provides a huge room for it to grow.

However, this new project is to be launched at a time when Bitcoin price has been choppy. The cryptocurrency has been battling with bearish pressure as it attempts to move to higher levels. Let us see why 

Angry Pepe Fork (APORK): The Best Crypto Investment for Massive Profit in June

Angry Pepe Fork (APORK) has emerged as a new entry in the meme coin space, attracting significant attention from crypto experts and investors looking for gains. This new coin is appealing to experts because it addresses many issues faced by meme coins. For example, it has a total supply of only 1.9 billion $APORK tokens, which is lower than that of other memecoins like Shiba Inu and Dogecoin. 

Also, utility is another problem which is addressed by Angry Pepe Fork. This meme coin that is based on the Solana blockchain also presents a new concept known as Conquer to Earn. This system seeks to establish a base where the meme community can get rewarded as a group and thus eliminate other ineffective projects in the market.

The most active members of the community can win $APORK and other exciting rewards as they help destroy dead “zombie” projects from the market. APORK’s earning system currently makes it one of the most attractive meme coins for investment. The good part is that APORK holders can start fighting zombies and making money right from the presale stage before the project is launched. 

The presale price of the APORK is set at $0.014 per token. Analysts believe it is the best crypto to invest in right now as it has sold about 10% of the tokens meant for stage 1. If this kind of momentum continues, stage 1 might sell out before the end of June. With a potential of increasing by 5x, APORK is the best crypto investment for massive profit in June.

Bitcoin (BTC) Price Consolidates, Analysts Forecasts Massive Surge After Breakout

Lately, the market has been focusing on the leading cryptocurrency Bitcoin (BTC) and many experts have given their opinion on the price predictions. While en route to its weekly high of $71k, Bitcoin has been under bear pressure that has brought the price down to $68k.

Experts such as MikybullCrypto noted that Bitcoin is in the process of forming a consolidation pattern within a limited price range. The analyst mentioned that the longer the period of the formation of the consolidation, the higher will be the upward trend if the breakout happens.

The breakout scenario seems possible to MikybullCrypto, where Bitcoin price will reach $85k and then move to $110k. Other top experts like Michael Van de Poppe and Ali Martinez also gave price forecasts for similar price levels. These future price predictions make Bitcoin a good crypto to buy at the moment. 

Closing Words

With Bitcoin entering consolidation, investors are preparing for an upward price movement, the same thing goes for Angry Pepe Fork as well. This coin is expected to experience a big price jump in the coming days. Analysts have predicted a 10x price surge for the APORK coin before the end of this month after labelling it as a good crypto to buy.

Visit Angry Pepe Fork Presale

The post Overnight Surge in ONDO Price Hints A 20% Upside appeared first on Coinpedia Fintech News

With a rising channel in the daily chart, the ONDO price trend maintains an overall bullish outlook for the sideline traders. However, as the ongoing negative cycle gains momentum with the increasing incoming supply, the altcoin may soon take a critical hit.

Nevertheless, the overnight recovery of 6% to avoid a dump to the dynamic 50D EMA reveals a potential comeback in the near future for Ondo. Will the overnight recovery lead to a trend reversal? 

ONDO Price Performance

With the last bullish cycle starting from the $0.72 mark at the support trendline, the ONDO price surged 100% in 20 days. As the bull run peaked at $1.44, the price action revealed an overhead resistance trendline. 

TradingView

Starting a bear cycle from the newly discovered trendline, the ONDO price dropped 18.51% within five days. As the supply subsided, the bullish comeback formed a 6% green candle after the 8% fall a day prior. 

This recovery forms a Harami candle pattern in the daily chart and teases an early bull cycle if the buyers undermine the 8% candle today. For this, the closing price of the altcoin must surpass the opening price of the bearish candle at $1.30.

Currently, the ONDO price trades at $1.26 with a long tail formation and a 0.56% drop. Hence, the daily candle reveals demand at lower levels and a potential bullish comeback in the later half of the day.

Technical Indicators: 

MACD: The bearish crossover in the MACD and signal lines are intact with the negative cycle. 

Will Bulls Cross The $1.30 Threshold?

With a bullish comeback preparations, the ONDO price attracts the price action traders. As they await a bullish closing above $1.30, the overnight jump boosts the overall confidence. 

However, the broader market sentiment remains volatile in the FOMC meeting backdrop. Hence, a news-based FUD sellout could undermine the buyers’ side. 

As per the trend-based Fibonacci levels, the breakout rally could aim at the 2.618 level at $1.52. 

The post BNB Hits A New ATH Breaking $700; Looks Set To Lead Altcoin Season With New Crypto Presale Star Rollblock (RBLK) appeared first on Coinpedia Fintech News

The crypto market is a continuous cycle of volatility and uncertainty; regardless, many crypto coins are constantly seeking to break out and soar. One such token is the Binance Coin (BNB), as it hits a new all-time high, breaking the $700 barrier. With this serving as a propulsion, Binance Coin is set to lead the altcoin season alongside new crypto star, Rollblock (RBLK), which is already making waves in its presale stage three after raising over $700,000 in a mere three weeks! Let’s take a look at these tokens and what they have in store for the altcoin market. 

Binance Coin Price Hits $700, Prepares To Lead Incoming Altcoin Season

The native coin of the Binance exchange, Binance Coin (BNB), has seen an amazing price surge, establishing its dominance in the altcoin market. Having surged 170% in the last year, the Binance Coin price witnessed an 8% surge in the last month. 

Despite the current volatility in the market, BNB demonstrated resilience and surged a further 1.7% in the last week before reaching an ATH. Meanwhile, this recent price surge can be ascribed to numerous elements, including the growing adoption of the BNB token alongside the general acceptance of the Binance exchange. 

Although its price has retraced, this movement suggests a bullish sentiment around the BNB token, with analysts highly optimistic about its future performances. Furthermore, While the Binance Coin is currently witnessing a heightened adoption and investor interest, analysts project it to rise and lead the incoming altcoin season. 

Rollblock (RBLK) Captures Market Attention with Innovative Presale

Since its debut in the presale market, Rollblock (RBLK) has demonstrated exceptional potential to disrupt the online gaming market. Notably, the crypto project has carved out a new niche as a GambleFi protocol, with the aim of providing a fair and open gaming experience. 

Specifically, Rollblock is able to tackle major challenges in the traditional online gambling sector leveraging blockchain technology at its core. Unlike most traditional online gaming platforms, Rollblock’s live casino incorporates crypto payment as well as offers a secure, transparent, and easily accessible platform for its users.

Meanwhile, Rollblock is also recognized for its emphasis on community progression. In particular, the GambleFi protocol optimizes investors’ earnings by allocating up to 30% of its weekly revenue to repurchasing RBLK tokens from the open market. Half of these tokens are burned in order to ensure scarcity while the other half is dedicated towards staking reward. 

Currently, in its third presale stage, Rollblock is trading at $0.014 per token, indicating a notable increase since the start of its presale phase. This surge has equally earned early buyers up to 40% in profits, attracting the attention of traders and crypto enthusiasts in the altcoin market. Aside from this, Rollblock’s plans for scalability have piqued the interest of the crypto market, with analysts expecting it to potentially surge by 30x its current value. 

Can Rollblock Reach The Success of Binance Coin?

Rollblock has demonstrated exceptional potential in the presale market. With analysts projecting it to surge by 30x its value very soon, Rollblock has seen an influx of buyers and crypto enthusiasts into its platform, looking to capitalize on its benefits. This market sentiment might birth a huge rise for Rollblock, positioning it to be among the forerunners of the incoming altcoin season. 

The post PEPE, DOGE, BEFE: Which Memecoin Holds June’s Best Investment Potential? appeared first on Coinpedia Fintech News

A market for meme coins is driven by internet culture and viral trends. Some people may perceive them as short-term fads, but these kinds of coins can create profitable opportunities for knowledgeable investors. In June 2024, three meme coins are fighting for the attention of investors: PEPE, DOGE, and BEFE. We will examine each coin’s unique strengths to see if a more promising one exists among them.

DOGE vs. PEPE vs. BEFE

Let us have a look at Doge, PEPE, and BEFE coins individually so that we can assess them better from an investment perspective: 

Dogecoin (DOGE)

The pioneer of meme coins, Dogecoin does not require any introduction. It surprised everyone when it was launched in 2013 as a playful homage to the Doge meme. Its community is huge, and its daily trading volume is high because it is supported by celebrities such as Elon Musk. Though mainly used for tipping and online transactions, DOGE’s popularity makes it a name to reckon with.

PEPE Coin 

Pepe the Frog found its place on the blockchain as PEPE Coin (PEPE). It is known for being edgy in terms of its humour, contributing to its strong online presence and the passionate community around it.

However, PEPE has the potential to grow despite not being as widely recognized as DOGE. This follows recent developments such as integrations with payment platforms and plans for an NFT marketplace that may indicate that PEPE is moving away from its meme roots.

BEFE

BEFE is the newcomer amongst this trio. Scalability and transaction speed are BEFE’s greatest strengths because it has been built on the Binance Smart Chain. But what makes BEFE different than others is its focus on utility. There is an NFT marketplace, a Decentralized Autonomous Organization (DAO) for community governance, and staking opportunities within the ecosystem of BEFE. Building a functional ecosystem, rather than some short-term hype, defines the growth of BEFE. It was launched in November 2023, and in a very short time, the coin has made a name for itself in the market through performance, community and strategic partnerships. 

Who Takes Home June’s Memecoin Trophy?

The “best” memecoin depends on why you’re investing in it. DOGE has a lot of popularity metrics, including its brand recognition. On the other hand, PEPE owns a devoted community and explores new horizons like NFTs. Lastly, BEFE concentrates on utility and community involvement as a newly arrived player. However, considering the price points and potential, BEFE seems to be a very profitable bet right now. 

Conclusion

Meme coins belong to highly volatile market segments. But they can blow up just as fast as they can sink at any moment in time. Consider your risk tolerance and research each coin thoroughly before investing. June might be the month for meme coins but remember – invest wisely after doing your research.

To know more about BEFE, visit: http://befetoken.com/

The post Rising Meme Coins PEPE and BONK in Bearish Market Tease Bull Run appeared first on Coinpedia Fintech News

The volatility is peaking as the crypto market crashes with the FOMC meeting and the inflation report coming on June 12th. However, certain meme coins like the PEPE and BONK are resurfacing as the optimistic eyes expect a recovery in this segment. 

With the PEPE price jumping 5.41% last night and the  BONK ready for a morning star, the meme coins are ready for a trend reversal. Will this reversal rally lead to a broader market comeback this month? 

Let’s examine the price chart and technical analysis of PEPE and BONK to learn more. 

PEPE Plans Meme Coin Segment Reversal

With a pullback phase in the daily chart, the PEPE price trend shows a retest of the 50D EMA. Following the retest, the meme coin price trend takes a lateral shift with no decisive move in the past four days.

Tradingview

However, with the recent overnight jump of 5.41% along with an intraday move of 1.04% today, the PEPE price trend reveals a potential comeback move. Furthermore, the MACD and signal lines plan for a bullish crossover in the positive territory. 

Hence, if the broader market recovers post-FOMC meeting, the PEPE price could surge to its all-time high levels. Optimistically, the bull run can lead the meme coin to break $0.000018 and reach the psychological mark of $0.000020.

Also Read: PEPE Price Prediction 2024, 2025 To 2030: Is PEPE Set For A Blast In 2024?

A Morning Star Bull Run For BONK?

With a negative cycle in the rising channel pattern, the BONK price drops under the 50D EMA. Further, the meme coin loses the critical level of 50% Fibonacci level and the $0.000030 psychological mark. 

TradingView

The BONK price action reveals a bullish failure of the rounding bottom pattern and tests the support zone at the 38.20% Fibonacci level at $0.00002679. However, the meme coin price action suggests an end of the correction phase with the 3% intraday jump. 

With the bullish recovery, a morning star pattern forms at a crucial level of support, teasing a comeback rally. If the buyers undermine the selling pressure to reverse the trend polarity, the uptrend in the meme coin can reach $0.00003756.

The post Mid-Cap Token For Today’s Investments To 10x Your Crypto Portfolio appeared first on Coinpedia Fintech News

The cryptocurrency market is very volatile, it’s a place where the right investment can help you get tremendous returns. After a tough correction phase and reaching its bottom, the market has started to gain momentum. Bitcoin went through a steep correction after touching its all-time high in March. The support has been retested and it looks like it’s time for the next bull run to kick in.

You can invest in numerous tokens, but only the right ones can help you get maximum gains. If you had invested in Bitgert in 2021, your investment could have gained 40,000% returns when Bitgert touched its all-time high back in 2022 and 2023. Bitgert is one such token that would have helped you secure maximum gains in a very short period.

Though it’s still possible, let’s understand why investing in this mid-cap token today can 10x your crypto portfolio.

Bitgert works on a powerful Layer-1 blockchain technology. It uses a proof of authority (PoA) consensus mechanism for the construction of its blockchain. The PoA mechanism is one of the most secure, reliable and scalable mechanisms out there. Bitgert is the most secure token with the fastest transaction speed of 100K TPS. It competes with the fastest chains in the ecosystem, like Solana and Ethereum, and is 300 times faster than them.

Bitgert has the lowest transaction cost fee, which is just $.0.0000001. It makes the token the most affordable. Bitgert was launched as a BRC-20 standard token, but later in the same year of launch, it was rebranded and launched its blockchain in 2022. Since its launch, Bitgert has rewarded its investors with 40,000% returns. Bitgert has left no stone unturned in building a perfect ecosystem. The ecosystem consists of,

Local Bitgert, P2P crypto exchange

Payment gateway, PayBRISE

Real Estate marketplace, GeoWeb3

A zero trading fee CEX Bitgert.exchange

Like all coins, Bitgert also went through a correction phase in May, but now it is already outperforming the market. Experts predict that it’s the start of another bull run and it’s going to break the previous highs within no time. With a volume of $268.4K, the Bitgert token $BRISE has risen 7% to a mark of $0.0000001715 in the last 24 hours.

Experts predict that technical indicators like MACD, RSI and others are already signalling an upcoming bullish momentum in the stock. The mid-cap token is all set to rocket in the upcoming days, invest today to 10x your crypto portfolio.

To know more, visit https://bitgert.com.

The post Decoding the Possibility of Notcoin (NOT) Price Initiating a 100% Bull Run: Is It Going to Happen in June? appeared first on Coinpedia Fintech News

Ever since its launch, Notcoin has gained immense attention with its monstrous moves, due to which the token has always been under deep observation. As a result, the token gained a significant amount of liquidity with only a minor price rise, as volume remained between $800 million and $1 billion during bearish times. Therefore, after withstanding enough turbulence, the NOT price seems to be prepared for a fresh bullish move, which may elevate the levels beyond the current highs. 

Regardless of the ongoing correction, Notcoin was among the tokens that recorded huge search volumes, indicating the positive sentiments of the traders. Started as just a viral Telegram game, NOT price soon entered among the top traded tokens. Therefore, after experiencing excessive compression, the price is expected to explode in the coming days, which may elevate the levels beyond $0.02.

The above chart displays the rise & fall of the NOT price rally, which indicates the selling volume has drained off. The price maintains an ascending consolidation and appears to have fulfilled both the upside and downside waves. With this, the token is now getting ready for a fresh bullish wave, which may elevate the rally towards higher targets. Considering the MACD, the levels are close to undergoing a bullish crossover, which may lift the levels above the negative range. 

This move may establish a new ascending trajectory only if the price manages to rise and sustain above the 100-day MA and later at the 50-day MA at $0.0164 and $0.0199, respectively. These levels are expected to offer a strong base for the Notcoin price rally to test the higher targets. However, the key resistance lies at $0.02 and if these levels are achieved, the next bullish push may propel the Notcoin (NOT) price close to $0.03 after breaking the final resistance at $0.025, the current ATH.  

The post Altcoins Market Is Crashing – Here’s Why & What To Expect Now? appeared first on Coinpedia Fintech News

When Bitcoin prices tend to drop, other altcoins often decrease in value too. Currently, Bitcoin’s market cap stands at $1.33 trillion, making up 55.62% of the total market value. This rise in Bitcoin dominance is drawing investors back to Bitcoin as a safe haven amid volatile market conditions, causing altcoins to crash.

In the past week, the altcoin market has been correcting substantially, dropping 2.4% in its market cap to $254.943 billion. This decline is due to overall market weakness and uncertainty surrounding the launch of Ethereum ETF, leaving many in the crypto sphere wondering why altcoins are crashing significantly.

Factors Leading To Altcoin Crash

The primary driver behind the current market correction is the upcoming Consumer Price Index (CPI) release and the FOMC meeting scheduled for Wednesday. Historically, the crypto markets have seen downward momentum in expectation of such events.

https://t.co/3PWH0ztsmG

— Michaël van de Poppe (@CryptoMichNL) June 11, 2024

For instance, past statements from FED Chair Jerome Powell have often led to notable corrections in the crypto markets. The previous two FOMC meetings led to Bitcoin dropping by more than 10% the week before the events, with altcoins falling even more than 20% like in March. 

Roaring Kitty Saga Impact

A key event impacting the market was the ‘Roaring Kitty‘ saga, which pushed down altcoin prices. The correction in GameStop from last Friday led to a broader market correction, with some altcoins dropping by more than 20%.

Additionally, the strength of the U.S. Dollar and ongoing quantitative tightening (QT) further weaken the case for altcoin growth, leading to a continued downward trend.

Despite the current negative sentiment, there are signs of a possible rebound. Historically, markets have bounced back quickly after FOMC meetings. Ethereum has seen gains of around 20% after these meetings, and Bitcoin has risen by more than 20% since the last FED meeting.

What To Expect Next?

Investors are closely watching the situation as the growing U.S. government debt and weaker economic data hint at a possible interest rate drop. Senator Elizabeth Warren and her colleagues have written a letter to Fed Chair Jerome Powell, urging a rate cut to ease financial burdens on working Americans facing high housing and insurance costs.

The unemployment rate is rising, and the European Central Bank (ECB) has already started cutting rates. These factors suggest that the FED might eventually lower rates to prevent a potential recession.

Furthermore, the approval of the Ethereum ETF is expected in the coming weeks, which could positively impact the altcoin market too.

The post Donald Trump’s Bitcoin Mining Endorsement Sparks Industry Excitement appeared first on Coinpedia Fintech News

Donald Trump, the leading contender for the Republican presidential nomination, has promised to support bitcoin miners, and highlighted his pro-crypto stance, which would be a deciding factor for the upcoming election.

According to Bloomberg reports, the former president revealed this endorsement during a meeting on Tuesday at his Mar-a-Lago estate, in the presence of many significant BTC miners. Trump promised that he would advocate for bitcoin mining if he wins the election and returns to the White House, and highlighted the important role played by bitcoin miners in contributing to the stability of the energy grid, a statement given by industry leaders.

Industry Leaders Applaud Trump’s Crypto Acceptance

Representatives from major bitcoin mining companies—CleanSpark Inc. and Riot Platforms—attended the meeting at Trump’s Palm Beach resort. However, the discussion was not limited to closed doors, as several participants shared their enthusiasm on social media. 

S. Matthew Schultz, the co-founder of CleanSpark, posted a picture with Donald Trump and praised his support for their efforts in states like Georgia, Mississippi, and Wyoming. In addition, Trump’s pro-bitcoin stance jolted the crypto community’s support, as seen in a recent fundraising event in Silicon Valley, which raised $12 million and was attended by important figures like Cameron and Tyler Winklevoss. 

Biden Administration Reconsiders Crypto Policies

As the countdown begins for the November Presidential election, this bold approach of Trump towards bitcoin mining can become a major issue and a deciding factor for the final election result. Moreover, this invites further debates on what is the future of cryptocurrencies in the U.S. political sphere.

In contrast, it seems that the current administration is now reassessing its take on cryptocurrencies. According to sources, President Joe Biden’s campaign of re-election is currently seeking advice on the policies of digital assets from various industry leaders, which brings to light a potential shift from their  previous anti-crypto stance.

Also, check out: A Look Into Donald Trump’s SHOCKING $32 Million Crypto Portfolio

The post Elon Musk Withdraws Lawsuit Against OpenAI Amidst New AI Ventures appeared first on Coinpedia Fintech News

Elon Musk has withdrawn his lawsuit against OpenAI and its co-founders, Sam Altman and Greg Brockman. The lawsuit was filed in February, and the defendants were accused of breaching contract and fiduciary duty. The lawsuit alleges that OpenAI diverted from its originally promised mission of developing AGI or Artificial General Intelligence to benefit humanity.

In addition, Musk’s decision to drop the lawsuit was made at California state court on Tuesday, right after he criticized OpenAI for its new partnership with Apple and questioned security concerns. 

Questionable Legal Foundation

The case was supposed to have a hearing on Wednesday in San Francisco, where a judge would finalize its dismissal. In fact, legal experts had previously questioned the validity of this lawsuit, considering that Musk’s contract wasn’t a formal agreement signed by everyone involved. 

According to Musk, OpenAI was influenced by Microsoft, its major shareholder, and had shifted to a for-profit model, which is against its original mission of benefiting humanity. Although the complaint was 35 pages long and contained many exhibits, many opined that the lawsuit filed was more about Musk’s stress on the role he played in OpenAI’s creation than a solid legal case.

Musk’s Continued AI Ambitions

This development emerges along with Musk’s ongoing rivalry in the AI space. Last year, Musk launched xAI, his AI startup, which recently successfully secured $6 billion in Series B funding from significant contributors like Andreessen Horowitz and Sequoia Capital.

According to xAI, it aims to “understand the true nature of the universe” and has also launched its chatbot Grok, inspired by “The Hitchhiker’s Guide to the Galaxy.” 

Hence, Musk’s persistent efforts to progress AI are indeed highlighted through this enterprise, although he is currently dealing with legal and public disputes. Both Altman and Musk’s representatives have yet to comment on the recent withdrawal of the lawsuit, leaving the industry to come up with varied predictions about the future endeavors of these tech giants.

The post Why the Future of AI and Web3 Is Interlinked appeared first on Coinpedia Fintech News

Which came first: AI or web3? You don’t have to answer that. But there is another more pertinent question that begs consideration: does AI need web3? The two technologies are routinely mentioned in the same breath, despite each having been developed in isolation.

While each of these innovations remains capable of operating independently, when the pair are combined they have the potential to become greater than the sum of their parts. Artificial intelligence in particular benefits from the data transmission and storage capabilities that are synonymous with web3 networks. As a number of successful implementations show, the advantages of harnessing AI and web3 are manifold.

Twin Technologies in Action

One company making strides in marrying these dual forces is droppGroup, the tech developer combining web3 with AI and ML across a host of blockchains. Its latest product, droppLink, is an intelligent service platform that makes it easy for anyone to deploy and manage AI on chains such as Base, Polygon, Ethereum, and Solana.

This is achieved by tokenizing each action in the lifecycle of an AI model, which makes it easier to meter and monetize usage. droppLink validates the authenticity of AI-generated content and its corresponding training data for any AI model and Gen AI platform.

There are a number of benefits to droppLink versus existing end-to-end AI solutions according to its creators, not least in allowing all participants to share in the revenue generated by the AI model. This allows creators and IP owners to be fairly remunerated for their efforts. droppLink also abstracts computational requirements, supports micropayments, and democratizes data contributions, providing users with greater ownership and control.

AI for Everything, Everywhere

In the blockchain industry, AI is being harnessed in an array of creative ways to deliver greater efficiency and problem-solving. In the context of metaverse design, for instance, it’s being purposed to eliminate the need for 3D modelling and speed the creation time for digital content such as avatars, skins, characters, and even entire virtual worlds.

But that’s by no means the only use case for AI within the context of web3. Artificial intelligence is also being used to simplify smart contract creation and verification; to enhance web3 onboarding; to monetize spare GPU compute for ML; and to match ads with users’ interests to name but a few applications for the complementary technologies.

Faisal Al Monai, the droppGroup Chairman and Co-Founder, previously oversaw the Saudi Arabian government’s work with tech giants such as Microsoft, HP and Oracle. He also played a pivotal role in the development of SSSIT, a solution enabling over 50 government authorities to become paperless and connect to SADAD, Saudi Arabia’s official payment platform.

As for why AI and web3 should be mentioned in the same breath, Al Monai’s thesis is clear: “Web3 isn’t just blockchain. It represents a convergence of transformative technologies: blockchain, artificial intelligence (AI), machine learning (ML), and extended reality (XR). The convergence of these is creating the powerful force that is revolutionizing the tech landscape and will, through innovative technology companies, have a direct impact on the industry over the coming years.”

In other words, web3 is no longer about one transformative technology: it’s about many, which can be bundled to generate powerful effects. The droppGroup team believes that blockchain is the best vehicle for delivering AI thanks to its ability to democratize access. This ensures that the power of AI isn’t concentrated in the hands of the tech elite. Instead, it serves as a public good that anyone can utilize to solve real-world problems. 

The Best Is Yet to Come

Just as it took a decade for some of the most compelling use cases for blockchain to emerge, the same holds true of AI. While the technology itself isn’t new, it only reached critical mass in 2022 with the launch of products such as ChatGTP. While enterprise applications for AI are already extant, the consumer side is still very much in its infancy.

It’s easy to envisage a near future in which AI-powered smart assistants are managing our digital finances, aiding our crypto trading, and constructing our metaverses operating from basic human inputs. A few short text or audio prompts will be all it takes to unleash technology that our predecessors – or even ourselves a decade ago – could scarcely have imagined. This is the future we chose and it’s one in which AI and web3 are inexorably interlinked.

The post Floki Launches Major Crypto Campaign in Vietnam appeared first on Coinpedia Fintech News

Floki is set to launch a groundbreaking new campaign in Vietnam, a country with a population of 100 million—making it the 15th most populous nation in the world. 

Floki will run the campaign for five weeks.

Floki aims to engage with a region that has a high rate of cryptocurrency adoption. Vietnam ranks second globally in terms of crypto ownership, with an estimated 21.2% of its population involved in the crypto market.

In 2023, Vietnamese crypto users achieved $1.18 billion USD in trading profits, placing the country third globally. Key factors driving this widespread adoption include the tax-free nature of crypto earnings and a general lack of confidence in the national currency, the Dong. Many Vietnamese see cryptocurrencies as a modern alternative to traditional assets like gold and US dollars.

Additionally, Vietnam has a large unbanked population, with nearly 70% lacking access to formal financial services. This has made cryptocurrencies particularly appealing. Many people use their crypto assets for basic banking services, overcoming the barriers of conventional banking.

Play-to-earn gaming, or GameFi, also has high adoption rates in Vietnam. A Chainplay survey revealed that 75% of GameFi crypto investors began investing in digital currencies after engaging with these platforms. This trend is beneficial to Floki’s Valhalla project and will likely aid the broader adoption of Floki and TokenFi.

Floki has run successful campaigns in cities around the world, including London, Barcelona, Dubai, Sydney, and New York. “We have never failed to stand out, create hype and infuriate other communities with quality placement and messaging,” a spokesperson noted.

The latest campaign will take place in Ho Chi Minh City, Vietnam’s financial hub. Starting on June 17 and running for four weeks, it will feature a combination of large-format digital displays and vibrant LED screens in high-traffic retail areas. 

With nearly 200 locations, these ads are expected to reach daily foot traffic of up to 300,000 people. This is a significant number, especially given that Ho Chi Minh City, although home to less than 10 million people, contributes nearly a quarter of Vietnam’s GDP. The city’s average GDP per capita is more than 2.5 times the national average.

About Floki

Floki is the people’s cryptocurrency and utility token of the Floki Ecosystem. Floki aims to become the world’s most known and most used cryptocurrency and intends to achieve this ambitious goal through a focus on utility, philanthropy, community, and marketing. 

Floki currently has 490,000+ holders and a strong brand recognized by billions of people worldwide due to its strategic marketing partnerships.

Website: https://floki.com

Twitter: https://twitter.com/RealFlokiInu

The post Bitcoin Plunges Ahead of FOMC & CPI, While PEPE & BONK Demonstrate Extreme Strength: Here’s What to Expect! appeared first on Coinpedia Fintech News

The markets are undergoing a drastic shift as the major tokens are facing extreme upper pressure as the selling volume escalates. The Bitcoin price has slumped below $68,000, while the Ethereum price is approaching $3500. In the meantime, the memecoins are gearing up and trying to flip the bearish narrative while BTC & ETH prices consolidate. 

Will memecoins like Pepe & Bonk’s price trigger a bullish rebound? 

Pepe’s price has been trading within a range after experiencing the latest pullback from $0.000014. While the markets are experiencing a pre-FOMC pullback, PEPE price has been maintaining significant strength. As the price remains within an ascending parallel channel, the possibility of a bullish continuation remains pretty high. However, the bears are trying hard to drag the levels below $0.00001, but the recent recovery above $0.000012 has changed the perspective. 

The recovery has led the PEPE price to attract more buying volume, due to which the price managed to rebound from the lower support. Although the volume rose marginally, the bulls managed to hold a significant dominance, due to which the bearish RSI also displayed a bullish divergence. 

With this, the path towards the higher targets has been cleared and if the bulls maintain strength, then the PEPE price may even secure a new ATH close to $0.000018 in the coming days. Alongside this, the BONK price is also demonstrating a similar pattern, as the memecoin seems to be poised to mark new highs this month. 

The price recently dropped below the crucial support at the 50-day MA and after a tough fight with the bears, the bulls managed to begin the day’s trade on a bullish note However, the token has yet to mark its presence above one of the key resistances at $0.000003, which may validate a rise above the bearish influence. However, the MACD displays a drop in the selling pressure, and hence, after consolidating for a while, the price is expected to trigger a healthy upswing and reach $0.000035 in the next few days. 

The post Altcoin hell: Analysts decipher trends and conclude no altcoin pump is imminent until Bitcoin hits $100k appeared first on Coinpedia Fintech News

Are we in an Altcoin bull run or Bitcoin bull run? Analysts across the globe are currently trying to put the pieces of cryptocurrency market together and get the hang of what’s brewing beneath the surface. If we take a look at the analysis and research of some analysts, it is clear that we are not even close to an altcoin season. 

Analyst Crypto Ash stated that the Mega Altseason has not yet begun. The total altcoin market cap has retraced to December 2023 levels, and there are no major narratives driving the market like ICOs in 2017, DeFi in 2020, or NFTs in 2023. Unless the ETH ETF starts trading, altcoins are likely to continue losing value against BTC. However, this may be the optimal time to accumulate. Altcoins are down 30%-50% from their recent highs, retail interest is low, but whales are still accumulating. It’s a good time to make a plan, accumulate utility-based tokens, and wait until BTC breaks $100K.

He wrote on X, “Altcoins are down 30%–50% from their recent highs; retail isn’t interested yet, but whales are still accumulating. So make a plan, accumulate utility based tokens, and wait till BTC breaks $100K.”

The Mega Altseason Has Not Started Yet  Total Altcoin MCap has retraced back to December 2023 levels There are still no big narratives, like ICOs in 2017, DeFi in 2020, and NFTs in 2023. Unless the ETH ETF starts trading, alts are going to continuously bleed against BTC.… pic.twitter.com/4o4SSlEM0I

— Ash Crypto (@Ashcryptoreal) June 11, 2024

Crypto Tony also had a similar sentiment. He wrote, “I do not expect us to see a market wide #Altcoin pump anytime soon. #Bitcoin is running the pumps as institutions only show interest in $BTC and a few other assets, so just keep this in mind.”

Crypto Distilled on X shared some news with a warning: “Bull Market = Bitcoin Heaven, Altcoin Hell.” While Bitcoin is approaching all-time highs, altcoins are struggling as if in a bear market. This market is extremely challenging for retail investors to navigate. Historically seen as high-risk, Bitcoin now attracts a diverse investor base due to its resilience and the emergence of spot ETFs, being viewed as both speculative and as digital gold—a geopolitical hedge. 

BTC is experiencing a bull market of its own, showing strong early performance over a month since the BTC halving, with current consolidation preventing market frontloading.

Additionally, OTHERS/BTC has returned to October 2023 levels, indicating that altcoins have surrendered their gains to BTC, erasing progress made since BTC was at $30k. Holding BTC likely would have outperformed most altcoin portfolios with far less effort.

The post Elon Musk Drops His Lawsuit Against OpenAI appeared first on Coinpedia Fintech News

Elon Musk has reportedly dropped his lawsuit against OpenAI and its CEO Sam Altman, which comes the day before a federal judge decided whether the case should be dismissed or allowed to move forward. Musk had sued OpenAI in March for breach of contract, claiming that the ChatGPT developer had abandoned its original mission of developing AI for the benefit of humanity, not profit. OpenAI remains under broad scrutiny over its safety and security posture. Several founding executives have left the company, saying Altman and company leadership prioritized shiny products over cautious AI development.

The post Polynet Traders Favor Trump with a 56% Chance of Victory in 2024 appeared first on Coinpedia Fintech News

The traders on Polynet give Trump a 56% chance of victory, with a 21-point lead over Biden in the upcoming 2024 elections. Polymarket users, being crypto enthusiasts, might be biased towards Trump, with analysts suggesting that Polymarket’s sentiments are driven by Trump’s pro-crypto stance. Meanwhile, on the more traditional prediction market PredictIt, Trump leads Biden by a smaller margin of 50-45. According to FiveThirtyEight, the race is even tighter, with Trump holding a mere one-point lead, indicating a more competitive contest.

The post World’s Largest Bank Calls Ethereum ‘Digital Oil’ appeared first on Coinpedia Fintech News

The world’s largest bank, the Industrial and Commercial Bank of China (ICBC), recently called Ethereum a ‘digital oil’. It acclaimed the growth and advancement of Bitcoin and Ethereum over the years. It compared Bitcoin to gold, and Ethereum as digital oil stating its crucial role in serving as a strong support to numerous Web3.0 innovations, including the launch of stablecoins. ETH allows developers to deploy complex smart contracts and decentralized applications. ICBC believes strongly that this has made Ethereum the mainstay in NFTs and Defi. 

The post Ethereum Faces Accumulation as Netflow Turns Negative: What’s Next for ETH Price? appeared first on Coinpedia Fintech News

The $4,000 level for ETH price now seems like a distant dream. Ether has remained below its key resistance channels for the last few days, even with the upcoming launch of its spot exchange-traded funds (ETFs) in the United States. Some believe the absence of bullish momentum for ETH comes from uncertainty about the regulator’s timeline for approving individual S-1 fund filings. However, as ETH price declines, there’s a surge in accumulation which might provide some relief with a potential rebound.

Ethereum’s Netflow Turns Negative Amid Regulatory Pressure

Ethereum (ETH) price struggles to surpass the $4,000 barrier. On-chain data shows investors are capitalizing on gains, contributing to a potential local peak. According to Coinglass data, ETH price witnessed a total liquidation of over $50 million in the last 24 hours.

From a regulatory view, even if the U.S. Securities and Exchange Commission (SEC) approves filings from BlackRock, Fidelity, VanEck, and other firms this week, investors fear current market conditions do not favor demand for Ethereum ETFs.

Also read: Why is the Crypto Market Down Today?

CryptoQuant’s data on the 7-day moving average of the Taker Buy Sell Ratio shows more sellers than buyers in recent days. The ratio has stayed under one and dropped sharply, indicating that many traders are actively selling Ethereum, possibly to speculate or take profits. This sharp decline in the ratio is a negative sign, hinting that Ethereum’s current price drop may continue if this selling trend keeps up and a peak is reached.

Data from IntoTheBlock shows a small positive trend as investors are buying more Ethereum during the recent price dip. The Netflow metric for Ethereum, which measures the amount moving in and out of exchanges, has fallen below its average midline. In the past two days, approximately 20,000 Ethereum were taken off exchanges as prices fell. This indicates that the drop in Ethereum’s price has increased buying interest, potentially leading to a rebound soon.

What’s Next For ETH Price?

Ether price is steeply dropping below its EMA trend lines and is aiming for a retest of the support region of $3,100-$3,300. However, buyers might defend this level aggressively. As of writing, ETH price trades at $3,490, declining over 5.1% in the last 24 hours. 

The 20-day EMA is declining, and the Relative Strength Index (RSI) hovers within the oversold region, indicating a solid advantage to the bears. A drop below the $3,200 level could intensify selling activity, potentially driving the ETH/USDT pair down to the 50-day SMA at $2,858.

On the flip side, if the price can sustain a rise above the EMA trend lines, this would indicate strong buying interest at lower prices. This could empower the bulls to attempt pushing the price towards the key resistance at $3,730 level. Breaking this barrier might set the stage for a climb to $4,000.

The post Why is the Crypto Market Down Today? appeared first on Coinpedia Fintech News

Bitcoin and other cryptocurrencies fell early Tuesday. Despite significant inflows into exchange-traded funds linked to Bitcoin, the leading cryptocurrency isn’t seeing a significant boost. Bitcoin decreased by 3.6% over the past 24 hours to $66,867. It reached a record high near $74,000 in mid-March due to a surge of interest from new spot exchange-traded funds.

On the other hand, the price of ETH is declining steeply despite the recent approval of the spot Ethereum ETF by the SEC. Ethereum price declined by over 4.2% in the last 24 hours, currently testing buyers’ patience at $3,500. Leading altcoins also experienced drops: SOL decreased by 4.8%, BNB fell by 5.8%, and Toncoin and Cardano each lost nearly 4%.

The meme coin sector, which had been performing well, also felt the market downturn. Pepe prices dropped by over 3%, while Shiba Inu and Dogecoin prices fell by 5.3% and 4.4%, respectively.

According to Coinglass data, the total liquidation surpassed $213 million in the last 24 hours, and buyers closed around $190 million worth of long positions.

Bitcoin ETF Faces Outflow

On June 10, data from Farside showed that Bitcoin (BTC) exchange-traded funds (ETFs) experienced a $64.9 million outflow. This marked the first outflow since May 10, ending a 19-day streak of inflows. Four ETF issuers contributed to these outflows.

Grayscale’s GBTC led with $39.5 million in outflows, totaling $18 billion in outflows overall. The BTCO Invesco Galaxy ETF saw $20.5 million in outflows, though their total net inflow remains positive at $300 million. Valkyrie’s BRRR ETF experienced a $15.8 million outflow, but still has a total net inflow of $497 million. Fidelity’s FBTC had a smaller outflow of $3 million, yet maintains a strong total inflow of $9.6 billion.

Also read: Top 3 Reasons Why Bitcoin Price is Down Today: Should You Sell?

This bearish move in the Netflow metric triggered a decline in buying pressure for BTC price, resulting in losing the $70K milestone.

US Inflation Builds Selling Pressure

A Bureau of Labor Statistics report on the Consumer Price Index, a key measure of the cost of living, is expected on Wednesday. According to a survey by Dow Jones Newswires and the Wall Street Journal, economists predict that prices rose 0.1% in May, down from a 0.3% increase in April, marking the smallest rise since October. This would result in a year-over-year increase of 3.4%, matching the rate recorded in April.

Read more: US CPI Sparks Bitcoin Volatility: New High or Price Plunge?

The United States Federal Reserve will release its FOMC statement, economic projections, and interest rate decisions tomorrow, creating a tough battle between the bears and bulls.

Continuous selling pressure has caused a decline in the market’s fear and greed index. In a few days, the index fell from a high of nearly 66 to a recent low of 60. This indicates a shift towards a ‘Fear’ sentiment in the market.

ECB’s Rate Cut Created Negative Sentiment

Last week, the crypto markets started dipping following the U.S. jobless claims report. Additionally, the bearish sentiment increased because of the ECB rate cut. Despite a neutral stance and no clear commitment to further easing, the rate cut has reduced the yield advantage on the euro.

The ECB’s more dovish approach compared to the Fed and the possibility of more cuts have intensified the selling momentum in the crypto market.