This week, VanEck CEO Jan van Eck predicted that Bitcoin could see stellar gains and eventually soar to half the market cap of gold. The world also learned the grim fate of Crypto Queen Ruja Ignatova.

Bitcoin

Renowned financial author and billionaire Robert Kiyosaki has predicted Bitcoin could reach a staggering $350,000 by August. Kiyosaki said the reason behind the tongue-in-cheek prediction was the incompetence of US leaders in politics and finance.

Bitcoin analyst PlanB has also made a bullish prediction for Bitcoin in his updated Stock-to-Flow model. According to PlanB, the model’s data predicts that Bitcoin could reach $500,000. He predicted a strong surge for Bitcoin, adding that it could reach $100,000 soon.

The FDIC published some shocking findings for the banking industry in its Quarterly Banking Profile for the first quarter of 2024. The report stated that several prominent banks were of serious concern or unviable. In such a scenario, Bitcoin could act as a hedge against a potential banking collapse.

Jan van Eck, the CEO of one of the biggest investment banks in the US, has predicted that the world’s largest cryptocurrency will reach at least half the market capitalization of gold in five to ten years. Van Eck made the prediction in an interview with Scott Melker.

Altcoins

Hulkamania (HULK), a Solana-based meme coin allegedly promoted by professional wrestling legend Hulk Hogan, lost $15 million in market capitalization within minutes. The collapse occurred after Hogan deleted all posts promoting the meme coin and clarified that he did not make the posts promoting it.

The European Parliament has approved a new set of regulations for crypto companies. The new rules impact all crypto-asset service providers (CASPs) under the new Markets in Crypto-Assets (MiCA) law, making it mandatory for them to conduct due diligence to combat money laundering.

The GameStop Tribute Token (GME), a token based on Solana, registered an increase of 38% on Friday. The surging interest in GameStop has also seen several meme coin traders placing their bets on other tokens in the meme coin ecosystem, such as BRETT, TRUMP, and DogWifHat.

Former US President Donald Trump owns over $32 million in crypto, having gone from being a vocal critic to a strong supporter of digital assets. Trump’s pivot towards cryptocurrencies can be attributed to Vivek Ramaswamy, who has been advising the former president on key issues.

The Cardano Foundation has announced a public partnership with the governor of the Entre Ríos Province, a move that can benefit the country’s recent pivot towards crypto. Industry watchers are also hopeful the partnership could positively impact ADA, which has failed to register any momentum in a highly popular crypto market.

Technology

Coinbase has introduced smart wallets to help simplify the crypto onboarding process by eliminating complex processes and high fees generally associated with traditional crypto wallets. Coinbase hopes to onboard over a billion users through the new offering.

The IOTA Foundation has launched the IOTA EVM, a Layer2 solution that seamlessly integrates smart contract capabilities into the ITOA Network. The announcement comes only months after the launch of the Shimmer EVM.

Business

Paxos International will issue an interest-bearing US Dollar-pegged stablecoin called the Lift Dollar (USDL). The stablecoin will be regulated by the Abu Dhabi Global Market (ADGM) and will pay yield on interest earned by Paxos International on the reserves backing the asset.

Ruja Ignotova, also called the “Crypto Queen,” may have been murdered by a notorious Bulgarian drug lord, according to new evidence that has recently come to light. “Crypto Queen” Ignatova had scammed investors out of billions, promising them high returns if they invested in her fake cryptocurrency, OneCoin.

Deutsche Bank announced a partnership with Bitpanda to facilitate seamless customer deposits and withdrawals for the Austrian crypto exchange. The partnership signals a changing attitude towards crypto as it gradually moves into mainstream finance.

Bankrupt cryptocurrency exchange FTX has reached a settlement with the United States Internal Revenue Service (IRS) on its $24 billion tax bill. If approved, FTX will have to pay the IRS $200 million within 60 days and an additional $685 million as a subordinated claim at a later date.

Web3

Open-world blockchain game Illuvium has announced the launch of its open beta mainnet on July 25th. The announcement comes after a series of beta testing phases that began with the Private Beta 4 phase on April 30th.

Security

Decentralized exchange Velocore has published a postmortem addressing a recent hack during which it lost $7 million. The decentralized exchange has offered the hacker a 10% bug bounty but is yet to receive a response.

Regulation

The Commodity Futures Trading Commission (CFTC) has named the co-founder and CEO of Aptos, Mo Shaikh, to its subcommittee on digital assets. The CFTC’s Digital Assets subcommittee is part of a larger committee that will advise the agency on regulation and rulemaking.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Polkadot (DOT) registered a significant drop of almost 7% on Friday as sellers drove the price below $7, a crucial level for the asset.

DOT dropped to as low as $6.06, slipping below its support levels before staging a recovery and rising to settle at $6.65. The current session sees DOT remain in the red as sellers remain in control.

Polkadot (DOT) Registers Sharp Fall

Just as it looked like Polkadot (DOT) could make a recovery, it registered a sharp decline, putting the asset on a downward trajectory once more. After ending the previous week in the red, DOT rose back above $7 on Saturday, rising to $7.06, before dropping to $6.99 on Sunday. However, DOT started the current week on a positive note, albeit experiencing extremely high levels of volatility. As a result of this volatility, DOT rose to a high of $7.18 before being pushed back to $7. If we look at the price chart, we can see that DOT had strong support at this level thanks to the 50-day SMA.

Tuesday saw DOT register an increase of 2.41%, rising to $7.17, and then to $7.25 on Wednesday after rising by 1.06%. However, with the 20-day SMA acting as resistance at this level, DOT fell back in the red, dropping by 1.57% on Thursday and settling at $7.13. Remember, DOT had support at the $7 level at this point. However, this support level was broken on Friday after DOT plunged by 6.75% and dropped to $6.65, with sellers dominating the market and pushing the price as low as $6.06. However, with buyers entering the market, DOT was able to climb back above its support level of $6.40 and settle at $6.65. The current session sees DOT down by 2.70%, with the price at $6.47.

Can Polkadot (DOT) Stay Above Support Level?

Looking at the Polkadot (DOT) price chart, we can see a sharp decline during the last session. Friday’s sharp fall saw sellers breach the level of support at $7, sending DOT into freefall. DOT eventually settled at $6.65. So, where does DOT go from here? DOT has support at $6.40, a level that has held on three previous occasions. Should this level be breached, we could see DOT drop to $6. If DOT manages to recover, we could witness a return to $7. However, it remains to be seen whether it will be able to go past the resistance at $7.20 and $7.50.

Source: TradingView

Looking at the indicators for DOT, we can see that the MACD has flipped to bearish, indicating that DOT could experience selling pressure and a return of bearish sentiment.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

A thrilling shift is happening in the crypto market. Notcoin's rapid rise is capturing attention, surpassing both PEPE and SHIB. Simultaneously, the CYBRO presale is moving at a breathtaking pace. With the ongoing bull run of 2024 in full swing, the crypto landscape is buzzing with excitement and new opportunities. The recent developments are setting the stage for what could be a game-changer in the market.

CYBRO Presale: A One-in-a-Million NeoBank Investment Opportunity

CYBRO is capturing the attention of crypto whales with its exclusive token presale. This cutting-edge NeoBank offers investors unparalleled opportunities to maximize their earnings in any market condition.

Experts predict a potential ROI of 1200%, with CYBRO tokens available at a presale price of just $0.025 each. This rare, technologically advanced project has already attracted prominent crypto whales and influencers, indicating strong confidence and interest.

 

Holders of CYBRO tokens will enjoy lucrative staking rewards, exclusive airdrops, cashback on purchases, reduced trading and lending fees, and a robust insurance program within the platform.

With only 21% of the total tokens available for this presale and approximately 25 million already sold, this is a golden opportunity for savvy investors to secure a stake in a project that's truly one in a million.

>>> Enhance Your Crypto Portfolio with CYBRO! Join NOW and aim for future returns up to 1200%! <<<

Pepe (PEPE) Exhibits Strong Medium-Term Growth Potential Despite Short-Term Dip

Pepe's price has seen remarkable growth over the past six months, signaling long-term bullish sentiment. Despite a recent minor decline, key statistics suggest a generally favorable outlook. Support levels seem solid and the current price holds above the short-term moving averages, indicating resilience. Continued interest and trading volumes could bolster its value in the medium term, keeping a positive market atmosphere for Pepe enthusiasts and investors.

Growing Optimism About Shiba Inu Coin's Future Performance

The Shiba Inu coin has experienced mixed short-term performance but shows substantial long-term growth. The coin sits between key support and resistance levels with a moderately bullish simple moving average. Indicators suggest neither strong overbought nor oversold conditions. However, its significant half-year growth hints at enduring investor confidence. Renewed interest in the coin, partly due to its active community and speculative appeal, could drive further gains, supported by favorable price movement and growing adoption.

Conclusion

PEPE and SHIB show less potential in the short term. The focus has shifted to CYBRO, a unique earn marketplace on the Blast blockchain. With its first release planned for Q2 2024, CYBRO offers early investors favorable terms through its token presale. The CYBRO presale is gaining traction quickly, indicating strong interest and potential for early success.

Site: https://cybro.io

Twitter: https://twitter.com/Cybro_io

Discord: https://discord.gg/xFMGDQPhrB

Telegram: https://t.me/cybro_io

Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.

Crypto markets are buzzing with excitement as the latest bull run takes hold. With many investors eyeing massive returns, knowing which altcoins to secure can make all the difference. This article dives into the top cryptos poised for explosive growth, potentially delivering extraordinary gains. Stay ahead of the curve and discover which investments could lead to significant financial rewards in this vibrant and fast-paced market.

CYBRO Presale: A One-in-a-Million NeoBank Investment Opportunity

CYBRO is capturing the attention of crypto whales with its exclusive token presale. This cutting-edge NeoBank offers investors unparalleled opportunities to maximize their earnings in any market condition.

Experts predict a potential ROI of 1200%, with CYBRO tokens available at a presale price of just $0.025 each. This rare, technologically advanced project has already attracted prominent crypto whales and influencers, indicating strong confidence and interest.

Holders of CYBRO tokens will enjoy lucrative staking rewards, exclusive airdrops, cashback on purchases, reduced trading and lending fees, and a robust insurance program within the platform.

With only 21% of the total tokens available for this presale and approximately 25 million already sold, this is a golden opportunity for savvy investors to secure a stake in a project that's truly one in a million.

>>> Enhance Your Crypto Portfolio with CYBRO! Join NOW and aim for future returns up to 1200%! <<<

Render Shows Potential for Stability Amid Modest Growth

Render's market stands firm within a steady price range, showing resilience against major downturns. Despite mild fluctuations in the short term, the overall trend remains upward, reflecting investor confidence. The modest recent growth, along with solid support levels, suggests a stable environment. Render's operational focus on decentralized GPU rendering and its practical utility in the digital space bolster its market position, pointing towards sustained interest and gradual growth.

Immutable (IMX) Shows Positive Momentum Amid Volatility

The market sentiment for Immutable (IMX) appears positive, with recent price increases over various time frames. Despite some volatility, the coin stays above key support levels while approaching its resistance marks. This indicates growing investor confidence. IMX's blockchain platform is gaining traction, which could further bolster its price. With promising trends and strong project fundamentals, IMX might continue its upward trajectory.

NEAR Protocol Shows Mixed Signals Amid Continued Bullish Trend

NEAR Protocol exhibits mixed signals with a current price range nearing a support level yet above it. Despite this, it sustains a strong bullish trend over the last six months. Technical indicators reflect neutrality but lean positively. This balanced sentiment stems from NEAR's unique sharding technology, which promises efficient transaction processing and scalability, likely fostering continued investor interest.

Wormhole's Strong Growth Potential Amid Market Fluctuations

Wormhole's market sentiment appears cautiously optimistic. It shows strong upward movement over half a year. Despite short-term price changes and some volatility, the resilience near support levels gives it a solid foundation. Its reputation for swift cross-chain communication underpins this optimism. Investors seem to favor its long-term utility, translating to sustained interest. This coin could maintain its upward trajectory given its key role in blockchain technology.

Conclusion

RNDR, IMX, NEAR, and W have shown solid performance, but their short-term potential is limited. The real opportunity lies with CYBRO, the unique earn marketplace that taps into the Blast blockchain's yield capabilities. Scheduled for release in Q2 2024, CYBRO provides a promising avenue for early investors to gain favorable terms through its CYBRO token presale.

Site: https://cybro.io

Twitter: https://twitter.com/Cybro_io

Discord: https://discord.gg/xFMGDQPhrB

Telegram: https://t.me/cybro_io

Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.

 

The US nonfarm payroll figures were released earlier on Friday, showing that 272,000 new jobs were created in May. The market was taken aback by these figures and Bitcoin fell around 1.8%.

Surprising employment data

When the US agencies responsible for economic data publish their figures it is surprising that the market reacts at all these days. Figures that have buoyed the market by how unexpectedly good they are, are subsequently revised in the opposite direction some weeks later without anybody really picking up on it.

These latest figures are surprising given that the expected number of new jobs for May was estimated at 180,000, so the extra 100,000 on top of this was somewhat of a shock.

Good news for the US economy was translated into bad news for Bitcoin. If employment is strong, the chances of rate cuts going into the latter part of the year recedes.

Source: TradingView

Nevertheless, just some newly created jobs, which might or might not accurately reflect the current employment situation in the US, should not have any lasting impact on a Bitcoin price that is preparing for its next leg of the bull market.

In the dollar or out of the dollar?

Such announcements are really just noise. In the economic, political, and geo-political climate the world is traversing, it is more a case of being in the dollar or not being in the dollar.

If you are in the dollar, you are facing debasement, inflation, and more of a hostile reaction from a growing number of countries who are less and less likely to hold US treasuries or to transact in the world’s reserve currency.

If you are out of the dollar, you are more likely to hold assets that are outside of the reserve monetary system. These might include gold, silver, and Bitcoin. Bitcoin is the fastest horse in the race, given that it is scarcer than the other two, and it is far more apt for the digital age. There is certainly going to be a lot of volatility in the Bitcoin price, and this can happen through what might be considered negative economic announcements. However, over the long run, there is nothing harder than Bitcoin, and all fiat currencies will continue to fall against it. If you don’t have Bitcoin, it is your wealth that will suffer the consequences of failing fiat currencies. 

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

A Solana-based memecoin, Hulkamania (HULK), allegedly promoted by Hulk Hogan, lost $15 million in market capitalization minutes after the wrestling legend deleted all posts promoting the cryptocurrency. 

The professional wrestling legend clarified that the posts promoting the meme token were not from him. 

HULK Value Plunges

According to a post by a Solana-associated account on X, the HULK token’s market cap plummeted from $17 million to $2 million within minutes after Hogan deleted the posts promoting the memecoin. 

“LATEST: WWE Wrestler $HULK (@HulkHogan) Solana Memecoin plummeted from $17 million to $2 million in just a few minutes after he deleted tweets about the coin.”

Journalist Matt Binder also posted screenshots showing posts promoting the memecoin on Hogan’s account. However, these have also since been deleted. According to Binder, the token pumped on the back of these messages and then dumped when they were deleted. 

“Hulk Hogan’s social media accounts & website promoted a $HULK crypto token today, jumping on the recent celeb memecoin trend. It pumped big, millions of dollars, & then dumped all the posts are now deleted. There’s a new post now claiming that the posts were not from him.”

Another post shared by Binder showed a video made to look like it was referring to the token launch. However, the journalist noted that it was a video promoting a karaoke night. The memecoin reached a peak market cap of $18.8 million on June 6, barely over an hour after its launch. However, only minutes later, it tanked to $2 million, where it has remained since. 

Hogan Denies Association 

Meanwhile, Hogan denied any association with the token and stated that he was not responsible for the posts promoting it. The retired wrestler wrote in an Instagram post, 

“Please do not take notice of any posts posted today. They are not from me and will be promptly removed.”

Additionally, the entirety of Hogan’s posts on X have also been removed, leading to speculation that his account may have been compromised. However, the deleted posts are still visible in Google’s cache. 

The Growing Problem Of Celebrity Memecoins 

Celebrity memecoins have seen a surge, and have become a topic of concern in the crypto community, especially after launching memecoins has become exceptionally simple due to the influx of launch pads such as pump.fun, leading to growing fears of rug pulls and pump-and-dump schemes. Ethereum co-founder Vitalik Buterin has also expressed his disapproval of celebrity memecoins. Buterin was highly critical of the trend and urged the crypto community to steer things in a better direction. 

“I’m feeling quite unhappy about with this cycle’s celebrity experimentation so far. ‘Financialization as a means toward an end,’ I can respect if the end is worthy (healthcare, open source software, art, etc.). Financialization *as the final product*, Ashton and Mila’s Stoner Cats was vastly more honorable than anything we’ve seen from this 2024 celebrity memecoin era - at least there was an actual show being funded. How do we push things in a better direction?”

Celebrities who have launched memecoins on Solana include Reality TV star Caitlyn Jenner, Rapper Iggy Azalea, and Rich the Kid. 

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

The Cardano Foundation has announced a public partnership with a regional government in Argentina, in a move that could benefit the country’s recent pivot towards crypto. 

Many are hopeful the partnership could act as a catalyst for ADA, Cardano’s native token, which has failed to generate any momentum in an increasingly competitive market. 

Cardano’s New Partnership

According to an announcement by the Cardano Foundation, Rogelio Frigerio, the governor of the Entre Ríos Province, and Rafael Fraga, LATAM Lead for Business Development at the Cardano Foundation signed the agreement to make the partnership official. The partnership will focus primarily on facilitating blockchain adoption in the Entre Ríos Province. The Cardano Foundation took to X to share the news of the partnership, stating, 

“We are delighted to announce a new partnership in Argentina! Following a public signing between @frigeriorogelio and @rafaelfraga_f, the #CardanoFoundation is collaborating with Entre Ríos state to further #blockchain adoption.”

While details about the collaboration remain sketchy, it will likely be part of Argentina’s effort to improve and bolster its crypto sector. The country is working to grow its cryptocurrency ecosystem and create a clear regulatory framework for the industry. 

Cardano’s Argentina Plans 

Charles Hoskinson, the founder of Cardano, caught the attention of the president of Argentina, Javier Milei, through a social media interaction. The engagement between the two highlighted Cardano’s interest in expanding its operations in Argentina, which comes at a time when Argentina is actively embracing blockchain technology and crypto. The interaction began with an update from Dario Epstein, Director at Research For Traders, who stated that a technology company specializing in third-generation blockchain and a focus on decentralized governance had gotten in touch with him. He also added that the company was keen on establishing itself in Argentina. 

Hoskinson replied to the post, praising Argentina’s tech talent, indicating that the company in question could be Cardano. 

“Over the past eight years, developers from Argentina like ATIX’s Alan Verbner have been invaluable in the development of some of Cardano. Argentina has some of the brightest minds in our industry, and it has been a privilege to work with them.”

Argentina’s Crypto Expansion 

Argentina is looking to significantly boost its crypto infrastructure. The country’s National Securities Commission recently announced a partnership with El Salvador’s National Commission of Digital Assets, with the goal of exploring Bitcoin adoption and crypto regulation. Argentina plans to leverage its technology sector expertise to enhance its crypto services' efficiency. The move came after the country’s Minister of Foreign Relations and International Commerce, Diana Modino, spearheaded a move to use Bitcoin and other cryptocurrencies in contracts. 

The recent election of Javier Milei as president has played a crucial role in shifting Argentina’s stance on cryptocurrencies. Milei’s administration has embraced cryptocurrencies and is planning to use them in payments under specific conditions. 

Could This Partnership Revive ADA?

While the cryptocurrency space has seen considerable growth over the past few months, Cardano’s native ADA token has struggled. According to data from CoimMarketCap, ADA is currently trading at $0.47, and while it has registered a growth of 40% over the past year, it has struggled to maintain its momentum. Market watchers are hopeful the collaboration can have a positive impact on ADA.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

The VanEck analysts have increased the ETH price target for 2030 to $22,000 due to positive factors like the approval of spot ether ETFs, progress in scaling solutions, and on-chain solid data. This comes as other major Wall Street firms, such as VanEck, attempt to list spot ether ETFs after their spot bitcoin ETF launches. This bullish outlook means that Ethereum can do well and that projects such as 5thScape can gain from the rising institutional interest and the inflow of capital into the crypto market.

5thScape's Strengths and Strategic Positioning

5thScape is rapidly gaining attention in the virtual reality sector by strategically placing its proprietary token, 5SCAPE, at the core of its ecosystem. This token facilitates immersive gaming experiences and supports purchasing related hardware and software, demonstrating its broad utility. 

Moreover, 5thScape is developing advanced VR headsets and ergonomic chairs to enhance user experience. The 5SCAPE token, currently in its presale phase, has already raised significant funds.

>>Click here to visit 5thScape Presale Page 

5thScape runs on the Ethereum network and will use the Skale Network Layer 2 technology to enable the scaling necessary for gaming and other virtual world activities. The introduction of spot Ethereum ETFs by financial giants like Franklin Templeton, VanEck, and Invesco Galaxy would potentially increase the visibility of 5thScape in the market. 

As these ETFs bring more mainstream investors into the crypto space, they would also explore other innovative projects like 5thScape.

Impact of Ethereum’s Growth on 5thScape

If Ethereum reaches the projected price of $22,000 by 2030, it would significantly benefit 5thScape. Ethereum's ongoing market share growth and its leading position among smart contract platforms could bolster a $2.2 trillion asset, or $22,000 per coin, by 2030. This growth in Ethereum could lead to increased investment and interest in the crypto market, including projects like 5thScape.

The success of Ethereum and the approval of spot Ether ETFs would draw more investors into the crypto space, increasing the visibility of innovative projects like 5thScape. This increased visibility would lead to more investment in 5thScape, boosting its growth and development.

Institutional Interest and Its Benefits for 5thScape

The introduction of spot Ethereum ETFs by financial giants like Franklin Templeton, VanEck, and Invesco Galaxy would potentially increase the visibility of 5thScape in the market. This shows that more traditional investors are getting comfortable with digital assets.

Moreover, the institutional interest translates to advantages for 5thScape regarding funding and credibility. 5thScape has captured major investors' interest and raised a whopping $6.1 million in its presale stage.

Scaling Solutions and 5thScape’s Innovations

Ethereum's Layer 2 solutions offer immediate scalability improvements. They promise to bolster transaction throughput to over 100,000 TPS without compromising decentralization or security. It runs on the Ethereum network and will use the Skale Network Layer 2 technology to enable the scaling necessary for gaming and other virtual world activities.

Strong On-Chain Data Supporting 5thScape

Ethereum's on-chain data and charts for transactions, fees, and network activity provide a bullish outlook. This data is relevant for 5thScape’s market positioning and potential growth. It helps in understanding the trends and patterns in the Ethereum network, which 5thScape is a part of.

Positive Market Sentiment and 5thScape’s Potential

The sharp reversal in the market sentiment has created an optimistic outlook. This positive rally is making waves in the digital realm. 5thScape can leverage this sentiment to attract investors and expand its user base. It has quickly become a star in the crypto world.

Final Thoughts 

In light of VanEck analysts' increased Ethereum price target to $22,000 by 2030, the future looks promising for Ethereum and projects like 5thScape. 

As institutional interest grows and spot Ethereum ETFs gain approval, 5thScape benefits from increased visibility and investment. The robust on-chain data supporting Ethereum's growth and the positive market sentiment further bolster the potential for 5thScape's expansion and success. With these favorable conditions, 5thScape emerges as a critical player to watch in the evolving landscape of digital assets.

 

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Illuvium, the open-world blockchain game developed by Immutable, will launch on July 25.

The announcement comes after a series of beta testing phases that began with the Private Beta 4 on April 30 and continued with the open beta testnet. 

Illuvium Announces Official Release Date

Illuvium announced the release date on X. According to the announcement, after careful consideration and community feedback, the team took the decision to set July 25 as the release date so it could include several key features that could significantly enhance the gaming experience and boost security. The team did add that while not all features may be fully operational by the launch date, it is committed to integrating as many features as possible. 

“Open Beta Mainnet Launch Date Confirmed! Rangers, the moment we’ve all been eagerly anticipating, has finally arrived: we now have a confirmed launch date. Illuvium officially launches on July 25, 2024! Why July? While we could launch sooner, we’re trying to squeeze in some exciting new features to make the launch even more impactful.”

New Features 

Following the launch, the Illuvium team plans to add an array of new features; These include the Arena’s Gauntlet Mode and a new weapons system. The team also plans to significantly expand the Overworld mode. The expanded Overworld mode will include combat, NPC interactions, economic adjustments, character customization, and notable improvements to the Forge UX. Improvements to the backend and security will also be made. 

The team will also be adding an extra 10,000 ILV to the testnet rewards, bringing the total to 20,000 ILV. Illuvium has been one of the most highly anticipated web3 and crypto games, with excellent gameplay and brilliant graphics built on the Immutable X platform. The launch has a lot riding on it, as the success of blockchain gaming depends on the success of these early AAA-style games and whether they are able to gain a significant number of users. The Illuivium team will also optimize the game's economy and backend systems to handle player load in a more efficient manner.

Illuvium collaborated with Team Liquid, a leading esports company, to explore and enhance the turn-based, player-vs-player (PVP) creature autobattler experience with Illuvium. Key Team Liquid members, including League of Legends player Broxah and content creator Midbeast, were involved in the partnership.  Team Liquid and Illuvium also plan to deepen their collaboration in esports.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

As bitcoin readies itself for an attempt on its all-time high, a breakout into price discovery, and the next possibly parabolic stage of the bull market, Solana ($SOL ) and Injective Protocol ($INJ ) are two of the premier altcoins preparing to follow.

Solana is fastest layer 1 horse

Is Solana the fastest layer 1 horse in the race? Some might say that this is Ethereum, given the approval of the Spot Etherum ETFs, and the fact that these will be available to trade some time in the next few weeks.

However, when comparing the SOL/ETH chart, the uptrend does belong to $SOL and a 544% gain over the $ETH price since June of last year says a lot for which of the two is doing the best.

Source: TradingView

Against the US dollar, $SOL is performing even more spectacularly, with a 705% gain since October last year. The trend line is at a nice 45 degree angle, and the price continues to respect it. The deep correction of 44% after the high of $210 should be noted. This was a very healthy reversal and now it looks like the $SOL price has a great base to build upon.

Source: TradingView

Zooming in it can be seen that the $SOL price is in triangle, and that this should break in the next week or two. Given that the price is in a big uptrend, the breakout is more likely to be to the upside.

$INJ nearing breakout

Source: TradingView

$INJ took a much bigger hit than $SOL , and this 65% reversal forced the price down from the high of $53 all the way down to $18. The price has built a nice base since that low in late March, and is testing the $29 resistance for the third time currently.

Source: TradingView

Zooming further in shows that the price could be forming an ascending triangle. If $INJ is rejected from here, the price could come back down to the trend line and bounce again. The chances are more likely of a break up given that this is a bullish chart pattern.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

The 2024 crypto bull run has kicked off, igniting discussions about high-growth opportunities. This article presents four altcoins poised for significant gains. These options could potentially transform portfolios with impressive returns. Investing in the right altcoins now might yield substantial benefits as the market surges.

CYBRO Presale: A One-in-a-Million DeFi Investment Opportunity

CYBRO is capturing the attention of crypto whales with its exclusive token presale. This cutting-edge DeFi platform offers investors unparalleled opportunities to maximize their earnings in any market condition.

Experts predict a potential ROI of 1200%, with CYBRO tokens available at a presale price of just $0.025 each. This rare, technologically advanced project has already attracted prominent crypto whales and influencers, indicating strong confidence and interest.

 

Holders of CYBRO tokens will enjoy lucrative staking rewards, exclusive airdrops, cashback on purchases, reduced trading and lending fees, and a robust insurance program within the platform.

With only 21% of the total tokens available for this presale and approximately 25 million already sold, this is a golden opportunity for savvy investors to secure a stake in a project that's truly one in a million.

>>> Enhance Your Crypto Portfolio with CYBRO! Join NOW and aim for future returns up to 1200%! <<<

AVAX Price Overview: Stability Amid Slight Uptrend

Avalanche (AVAX) trades in the $33.48 to $37.63 range, indicating minor gains. Short-term indicators suggest stability. It's seen a 0.13% increase over the past week and a 1.98% rise over the past month. Over six months, AVAX has surged by 12.88%. Current analysis shows a corrective move, with nearest resistance at $40.35 and support at $32.05. The RSI at 44.49 and MACD of -0.14 signal consolidation, while the 10-day and 100-day SMAs align closely.

Stellar (XLM) Price Overview: Current Trends and Forecast

Stellar (XLM) is trading within the $0.1023 to $0.1098 range. It faces resistance at $0.1145 and support at $0.0995. The 10-day SMA is $0.1055, close to the 100-day SMA of $0.1062. With an RSI at 51.898, Stochastic at 55.718, and MACD at -0.000181, XLM shows mixed signals. Its price has dropped 1.049% in the past week and 2.284% over the month. It’s in a corrective phase with potential for slight dips.

Ondo (ONDO) Crypto Price Overview: Current Trends and Predictions

ONDO is trading between $1.17 and $1.52. The nearest resistance is at $1.66, while support is at $0.96. The coin's price has soared 70.17% in the past month and an impressive 4412.3% over six months. Its RSI is 43.19, with a 10-day moving average of $1.35. The price is in a corrective phase. This suggests potential consolidation or a downward trend before another upward move.

Conclusion

While AVAX, XLM, and ONDO hold promise, they may not see significant gains in the short term due to market conditions. The standout opportunity lies with CYBRO, a unique earn marketplace on the Blast blockchain. With its launch set for Q2 2024, CYBRO provides an attractive chance for early investors. By participating in the CYBRO token presale, there is potential to enter the project on beneficial terms. This makes CYBRO a compelling option for those looking to maximize growth in the upcoming market surge.

Site: https://cybro.io

Twitter: https://twitter.com/Cybro_io

Discord: https://discord.gg/xFMGDQPhrB

Telegram: https://t.me/cybro_io

Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.

 

Polkadot (DOT) is currently trading at $7.15, having failed to move past the 20-day SMA. DOT has been relatively muted despite a booming cryptocurrency market.

DOT has registered an increase of just 1.84% over the past 30 days despite significant advancements and improvements to its network.

Polkadot (DOT) Remains Sluggish

Polkadot (DOT) has not registered any substantial gains since dropping to $6.97 on Friday after spending almost all of last week in the red. It recovered on Saturday, rising by 1.29% to $7.06, reclaiming the crucial $7 mark. However, DOT was back in the red on Sunday, dropping by 0.99% to settle at $6.99 and ending the week in the red. The current week began with a highly volatile session that saw DOT climb to $7.19. However, sellers were able to claw back these gains, with DOT eventually dropping to $7.01. It is important to note here that DOT was able to stay above $7, a crucial support level.

Tuesday saw DOT continue its upward trajectory, rising to $7.19. However, with the 20-day SMA acting as resistance at this level, it could not move any higher. DOT remained positive on Wednesday, rising to $7.26. However, it was unable to move past the resistance at this level and was back in the red on Thursday, dropping to $7.14, a drop of 1.65%. The current session sees buyers and sellers struggling for control, with DOT trading at $7.15.

Polkadot (DOT) Price Prediction

Any significant Polkadot (DOT) price movement depends on its support and resistance levels. As we can see from the price chart, DOT has support at $7, which is where the 50-day SMA is positioned. If sellers regain control of the current session, we could see DOT drop to this level. If there is any further selling pressure, DOT could drop to $6.40, which is its next level of support.

Source: TradingView

DOT faces strong resistance at $7.20, where the 20-day SMA is positioned. If sellers can move past this level, DOT could test the resistance at $7.50. If there is any further increase, DOT could rise to $8. 

What Are Analysts Saying? 

Analysts have backed DOT and expect the price to increase substantially. One analyst, Michael van de Poppe, stated that he believes DOT is doing great in fundamental growth and that it is an excellent time to accumulate a position. 

“$DOT is doing great in fundamental growth. They are focusing on RWA and have multiple great projects within the ecosystem (Centrifuge & Energy Web). Right now, the price starts to crawl upwards, and I think it’s still a great time to accumulate a position.”

Another analyst, @CryptoCapo_, stated that DOT is forming a new bullish trend, with Polkadot playing a key role in major technological advancements. 

“Chart keeps looking good. With the price at key major support and forming a new bullish trend, @Polkadot is leading among major blockchains in advancing AI and gaming. It ensures secure data transfers, decentralized processing for AI, and seamless asset integration in gaming, with enhanced security and governance.”

Web3 Foundation, the entity behind Polkadot, is also strengthening the network’s presence in Asia through a grant to PolkaPort East.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

As Wall Street struggles to contend with the GameStop army led by Roaring Kitty, certain crypto memecoins are catching a bid. The GameStop tribute token (GME), based on Solana, is up 38% on Friday and it doesn’t look as though it’s done yet.

The WallStreetBets GameStop phenomenon

Those looking to stick it to Wall Street are getting onto the fast train that is GameStop stock. Early 2021 was the last time that a bunch of organised traders put Wall Street hedge funds to the sword. That particular short squeeze caused consternation as a supposedly easy target for the hedge fund shorters became a nightmare of epic proportions as the WallStreetBets movement bought up the price and piled on the misery.

More than three years later, the anti-Wall Street brigade is doing it all over again. Influencer “Roaring Kitty”, one of the key players in the 2021 GameStop short squeeze is behind the move. He has a personal $116 million bet going long on GameStop, and many of his followers are jumping on board as well.

The price of GameStop on the New York Stock Exchange is currently at $46.55, but with a pre-market price currently registering more than $62, it could be explosive when Wall Street trading opens in the US.

$GME catches massive bid

What happens on Wall Street can have big repercussions in the world of crypto, and this is certainly the case here. The tribute memecoin $GME, based on the Solana platform, is also catching a massive bid. Up over 40% on Friday so far, and with a market cap of around $200 million, it is to be wondered just how far this thing can go.

Source: TradingView

Memecoins moving

Crypto memecoin traders are taking advantage of the GameStop interest to put their bets elsewhere in this niche. $BRETT is continuing to see a lot of buying as it surges more than 20% on the day so far.

$TRUMP is another beneficiary, although this could be more to do with politics and that namesake’s popularity than any particular stock or cryptocurrency. $TRUMP rose as much as 14% on Friday before falling back slightly.

Dog Wif Hat ($WIF) continues its uptrend and looks as though it is bouncing upwards again, while $FLOKI is still consolidating and is perhaps forming a bull flag after its recent nearly 50% price rise over the last several days.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Former President Donald Trump holds over $32 million in crypto, having gone from a crypto critic to a vocal proponent of digital assets.

Trump’s change in stance is largely attributed to Vivek Ramaswamy, who has been advising the former president. The change is reflected in Trump’s growing crypto holdings.

Donald Trump’s Growing Crypto Holdings

According to data compiled by Arkham Intelligence, Trump’s crypto portfolio has seen a significant increase in value over the past three months. The portfolio peaked at $32 million, driven primarily by the unprecedented meme coin surge. However, besides meme coins, Trump has diversified his holdings across a host of tokens, including TRUMP, TROG, ETH, and WETH. The former president’s largest holding is the TROG token, of which Trump has 210.345 billion tokens, valued at around $21 million. This figure is over half of the TROG token’s total market cap of $36 million, indicating that Trump has allocated a significant chunk of his portfolio to this asset.

TROG is trading at a price of $0.0001, with its value increasing by over 160% after Trump supporters realized his holdings in the asset.

A Closer Look At The Portfolio

Trump began his foray into crypto in 2022 by releasing the Trump Digital Trading Cards NFT collection. The collection was quite successful, selling over 45,000 NFTs at $99 each. Trump then released the “Mugshot Edition” NFT collection, which further boosted his crypto holdings. Both NFT projects allowed Trump to accumulate over 1900 ETH. However, in December 2023, he liquidated 1075 ETH for $2.4 million, retaining over 800 ETH, the value of which is around $3.1 million at current prices.

Another major component of Trump’s crypto portfolio is MAGA Coin (TRUMP). MAGA Coin, along with Trog, accounts for over $27 million. MAGA Coin was the first crypto project that sent tokens to Trump’s portfolio, with the project’s team sending 580,000 tokens to the former president. The initial value of these tokens was only a few thousand dollars. However, their value skyrocketed, with the price of each MAGA token reaching over $17. While the value of these tokens has now declined, Trump still holds around $8 million worth of MAGA.

An Impressive Yet Illiquid Portfolio

Most of the assets in Trump’s portfolio are from donations and projects airdropping their tokens into his wallet. Besides these, Trump also earns royalties thanks to his NFT collection. However, despite the impressive value of the portfolio, a significant chunk of this wealth is illiquid because of the lack of volume and market depth in some of the meme coins held by Trump. One example is TROG, which has seen a trading volume of just $20 million over the past 24 hours. The high level of liquidity poses significant challenges to Trump when it comes to realizing the full value of his holdings. This means the profits are primarily paper profits.

Meanwhile, Trump’s Ethereum (ETH) holdings amount to 471.79 ETH, valued at around $1.80 million, while his WETH holdings amount to 374.974 WETH, valued at $1.43 million. Other assets in the portfolio include MVP, CONAN, ELON, and BABYTRUMP tokens.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Paxos International, the international arm of Paxos, is issuing a US dollar-pegged, interest-bearing stablecoin called the Lift Dollar (USDL). 

The USDL stablecoin will be regulated in the Abu Dhabi Global Market (ADGM) and pay yield on the interest earned by Paxos International on the reserves backing the stablecoin. 

An Interest-Bearing Stablecoin

USDL will be backed 1:1 by liquid US Government Securities and cash equivalent reserve assets being held per the requirements of the ADGM’s Financial Services Regulatory Authority. Paxos International will charge an issuer fee for the token instead of earning interest on the reserves. The USDL stablecoin will also be available in Argentina through Ripio, Buenbit, Manteca, and Plus Crypto. Paxos hailed USDL as the first interest-bearing, regulated stablecoin. Stablecoin owners generally earn interest through yield farming, staking, and restaking.

“USDL is unmatched in the market as holders earn overnight yield from short-term, high-quality liquid US government securities and cash equivalent reserve assets held under the safe protection and custody requirements of the FSRA. This reserve structure is like other Paxos-issued US dollar stablecoins that are backed 1:1 in value. USDL is issued permissionlessly on Ethereum and pays yield programmatically on a daily basis to token 

holders, subject to the reserve assets fully backing the total value of USDL in circulation.”

It will distribute yield on USDL automatically through an Ethereum smart contract using a mechanism called rebasing. The yield will be based on prevailing market conditions. 

Limited Availability

However, USDL will not be available to residents of the United States, the United Kingdom, Canada, the European Union, Hong Kong, Japan, Singapore, and the United Arab Emirates outside the ADGM. Paxos International stated,

 “The digital assets referred to herein have not been and will not be registered under the US Securities Act of 1933, as amended, and may not be offered or sold in the US, except pursuant to an applicable exemption from registration.”

Paxos currently mints PayPal USD (PYUSD), Pax Dollar (USDP), and Pax Gold (PAXG) under the regulatory authority of the New York Department of Financial Services (NYDFS). It also minted Binance USD (BUSD) until recently. However, this was stopped after the NYDFS and the United States Securities and Exchange Commission threatened legal action against Paxos for issuing an unregistered security. 

ADGM’s Rapid Growth 

The Abu Dhabi Global Market is a free economic zone that was set up in 2013. It issued comprehensive guidelines and regulations for distributed ledger technology (DLT) and announced a partnership with Solana to develop DLT technology. The ADGM has seen a rapid influx of crypto firms, including Chainalysis and Blockdaemon. Other companies such as Rain, M2, Binance FZE, Laser Digital, and QCE Capital have received licenses to set up operations and offer their services in the ADGM as well.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Coinbase has introduced “smart wallets” to simplify the crypto onboarding process by eliminating high fees and complex processes generally associated with traditional crypto wallets.

Coinbase hopes to onboard over a billion users by offering simplified gasless transactions and multi-chain support through the new offering. 

Smart Wallets 

Coinbase introduced the “smart wallets” campaign on the 5th of June, 2024, promising a hassle-free transition to blockchain operations by integrating with a host of applications and offering support for networks such as Base and Ethereum. According to Coinbase, smart wallets significantly lower the barriers such as network fees and recovery phrases. Coinbase stated in its announcement, 

“Today, we’re launching the next evolution of self-custodial wallets. Smart wallets are a revolutionary step forward in our mission to bring more than 1 billion users on-chain. These next-generation wallets address the biggest pain points of the crypto experience today—complex onboarding, network fees, and recovery phrases—making the transition to on-chain smoother than ever.”

According to Coinbase, the simplicity offered by smart wallets, along with multi-chain support and integration with applications, will make onboarding to blockchains as simple as logging into a website. Onboarding has generally been slow and expensive. Thanks to their ease of use, smart wallets can bring more users on-chain quickly and inexpensively. 

“Until now, going on-chain has been slow, expensive, and hard, with separate wallet app installs and first-generation blockchains. Smart wallets, with their ease of use, paired with next-generation Layer 2 networks like Base, finally set the stage to bring many more people on-chain. Now, getting on-chain is easy, fast, and cheap.”

How Do Smart Wallets Work? 

Smart wallets don’t require a traditional seed phrase. Instead, they rely on a system that utilizes passkeys. Passkeys, generally used on smartphones and other devices, use public key cryptography to significantly boost security while simplifying other processes, such as logging in. Smart wallets also facilitate the immediate creation of wallets and features such as direct payments from Coinbase balances. 

Coinbase is promoting the adoption of smart wallets among wallet developers with initiatives such as the Base Gasless Campaign, which provides up to $15,000 in gas credits. 

Key Benefits 

Coinbase’s smart wallets offer a host of benefits. Users can create a new wallet and onboard in seconds without leaving the app they wish to use. They also don’t have to worry about extensions, apps, or complex recovery phrases. Instead, they can use Face ID, fingerprint, Yubikey, and even their Google Chrome profile and get started instantly. Smart wallets also allow users to pay with their custodial wallet balances or Coinbase account balances, eliminating insufficient balance errors. 

Another benefit is cross-app portability, allowing users to transfer their wallet, identity, and balances across popular on-chain apps. Developers can also offer gasless experiences and sponsor transactions via Paymaster integrations. Coinbase is also offering a companion web app with features such as asset and identity management, buy, sell, swap, and send NFTs, and transaction history. 

At launch, smart wallets will support leading on-chain apps, including Base, Ethereum, Optimism, Arbitrum, Polygon, Avalanche, BNB, and Zora. 

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

The Polkadot (DOT) price is currently at $7.20. After a positive start to the week, the price has consolidated over the crucial $7 level.

Polkadot (DOT) faces strong resistance at $7.5, a level that has consistently prevented the price from rising further, leading to a reversal from a positive to a negative trend. On the other hand, the price has found support at $7, a level where buying pressure has historically been strong enough to prevent the price from falling further.

Is Polkadot (DOT) Stuck In A Loop?

If we look at the bigger picture, Polkadot has yet to make significant gains since the middle of March, when it rocketed to $11.55. However, DOT has registered a sharp decline since then, dropping to as low as $5.80. While it has recovered from these levels, DOT has been range-bound, oscillating between a low of $6.40 and a high of $7.50 since the 14th of April. DOT has faced rejection from the $7.50-$7.60 range on three occasions since then, dropping back to its support level of $6.40 and registering a recovery. DOT also has a level of support at $7, although it is still to break past $7.50.

As we can see from the Polkadot price chart, DOT spent nearly all of last week in the red, dropping to $6.97 by Friday after a highly volatile session. DOT recovered on Saturday as buyers entered the market, pushing DOT up by 1.12% to $7.05. However, it was back in the red on Sunday, dropping by 0.96% to $6.98. The current week started with DOT experiencing considerable volatility, going as high as $7.18. However, sellers pushed the price back from this level, with DOT eventually settling at $7.

Source: TradingView

Tuesday saw DOT stage a recovery from its previous level as sellers entered the market, pushing the price up by 2.40% to $7.17. DOT’s upward trajectory continued on Wednesday, as it rose to $7.25. However, the current session sees DOT back in the red, with sellers currently in control.

Polkadot (DOT) Crucial Support And Resistance Levels

Looking at the Polkadot (DOT) price chart, we can see the crucial levels of support and resistance that will dictate DOT’s future price movements. DOT currently faces strong resistance at $7.50, a level where the 200-day Simple Moving Average (SMA) is positioned. The 200-day SMA is a long-term trend indicator, and a break above it could signal a bullish trend. DOT also faces resistance at $7.20, where the 20-day SMA is positioned. The 20-day SMA is a short-term trend indicator, and a break above it could indicate a short-term bullish trend. While DOT did test this level, it has failed to move past it so far. DOT has strong support at $7 and $6.40, both of which have been tested and have held, allowing DOT to recover.

So, where does DOT go from here? If DOT can go past the 20-day SMA, we could see the price rise to $7.50 and test the resistance once again. If it can break the resistance, we could see DOT surge to $8. However, so far, DOT has failed to move past $7.50. Should DOT face rejection, we could see the price drop to $7. A drop from this level could see DOT drop back to $6.40.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

The European Parliament has approved new regulations for cryptocurrency agencies, forcing them to conduct due diligence to fight money laundering. The new rules affect all crypto-asset service providers (CASPs) under the new Markets in Crypto-Assets (MiCA) law.

Cryptocurrency exchanges in the European Union must adhere to the new rules, which contain due diligence standards. Services like exchanging crypto for fiat and providing custody wallets will now take a new approach due to rapid technological developments and advancements in FATF (Financial Action Task Force) standards. Interestingly, the new rules also affect gambling service providers. All operators in the region, including casinos accepting UK players not connected to GamStop, which often use crypto, must now enforce new due diligence measures to be on the right side of the law. 

An image posted on X (formerly Twitter) by Patrick Hansen, Circle’s EU Strategy and Policy Director, contains a screenshot with details of the new law. In a thread, Hansen explains that CASPs will not be allowed to offer services to anonymous accounts, a rule already enforced by existing anti-money laundering (AML) laws. MiCA also prohibits cryptocurrencies that are inherently anonymous.

The new rules for due diligence will be enforced under a new agency called the Anti-Money Laundering and Countering the Financing of Terrorism Authority (AMLA), headquartered in Frankfurt, Germany. Although the law has not yet been formally adopted, the AMLA will be fully responsible for enforcement and supervision.

The new rules governing the use of digital assets in the European Union are essential to sanitize the sector and provide clarity to the industry. Interestingly, these laws are generally becoming bullish for the crypto sector and attracting traditional institutions. In a recent interview, the Deputy Chief Executive Officer of the crypto exchange and trading app Bitpanda highlighted the gradual entrance of traditional financial institutions into the crypto industry. According to Lukas Enzersdorfer-Konrad, the upcoming MiCA regulation provides a lot of clarity for these institutions interested in crypto. Enzersdorfer-Konrad also noted that the companies want to partner with crypto service providers that already have the required technical knowledge.

The Bitpanda CEO noted that Raiffeisen, the largest community banking group in Austria, announced retail crypto services for customers last year. Collaborating with Bitpanda, Raiffeisen will allow customers to enjoy services tied to commodities, exchange-traded funds (ETFs), stocks, and precious metals. 

Bitpanda has also partnered with Landesbank Baden-Württemberg (LBBW), Germany’s largest federal bank, to create crypto custody offerings for institutional clients sometime in the second half of 2024, due to increasing demand from customers. According to the Bitpanda CEO, banks of all sizes across Europe are now looking into crypto use cases and trying to partner with established service providers.

The newfound interest in crypto has spread to schools. Binance Academy, the crypto learning arm of major crypto exchange Binance, recently announced a partnership with educational institutions in Europe. The aim is to introduce accredited university courses into these schools and teach students about blockchain technology, digital assets, and Web3 in general. 

Institutions already partnered with Binance Academy include the European Business Institute (EBI) in Luxembourg, ESCP Business School, and Prague University of Economics and Business (VŠE). The course will range from the basics of cryptocurrencies, such as Bitcoin (BTC) and Ether (ETH), to advanced topics like blockchain application in finance, healthcare, supply chain, and other industries. The teachings are geared at exposing students to the diverse world of cryptocurrencies and blockchain technology and possibly expanding adoption to more niche sectors like online gambling, voting, and blockchain gaming.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

 

The crypto market is buzzing, and the latest bull run has sparked excitement among investors. 2024 promises lucrative opportunities with coins that are set to skyrocket. This article dives into the top choices that could offer significant returns. Explore promising options poised to make a splash in the crypto scene.

CYBRO Presale: A One-in-a-Million NeoBank Investment Opportunity

CYBRO is capturing the attention of crypto whales with its exclusive token presale. This cutting-edge NeoBank offers investors unparalleled opportunities to maximize their earnings in any market condition.

Experts predict a potential ROI of 1200%, with CYBRO tokens available at a presale price of just $0.025 each. This rare, technologically advanced project has already attracted prominent crypto whales and influencers, indicating strong confidence and interest.

Holders of CYBRO tokens will enjoy lucrative staking rewards, exclusive airdrops, cashback on purchases, reduced trading and lending fees, and a robust insurance program within the platform.

With only 21% of the total tokens available for this presale and approximately 25 million already sold, this is a golden opportunity for savvy investors to secure a stake in a project that's truly one in a million.

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Render (RNDR) Crypto Price Overview and Prediction

RNDR is in a price range of $9.57 to $10.47. The nearest resistance is at $11.00, with support at $9.21. Over the last week, the price has risen by 2.35%, while it gained 5.84% in the past month and 172.21% over six months. The price is in corrective moves right now. The RSI is at 47.60, indicating neutral momentum, and the stochastic shows a level of 16.70, suggesting potential overselling. The MACD is relatively flat at 0.04.

Jupiter (JUP) Crypto Price Overview and Prediction

Jupiter (JUP) is currently in a corrective move with a price range between $1.01 and $1.17. Its nearest resistance level is at $1.28, while the nearest support level is $0.95. The coin's RSI is 41.47, signaling an oversold condition. The one-week and one-month price changes are a 0.11% decline and a 1.43% surge, respectively. The six-month price change shows a substantial increase of 3,694.67%. The 10-day and 100-day moving averages are $1.15 and $1.11, indicating a stable trend.

Worldcoin (WLD) Price Overview and Prediction

Worldcoin (WLD) is currently trading in the range of $4.39 to $5.07. The one-week price change is up by 1.82%, but it has decreased by 16.51% in the last month. Over the past six months, it has seen a significant rise of 101.62%. The RSI is 66.56, indicating strong buying pressure. With a current MACD Level of 0.03, WLD is in an impulsive move towards the nearest resistance level at $5.47.

Cosmos (ATOM) Price Shows Mixed Signals with Current Corrections

Cosmos (ATOM) is trading between $8.01 and $8.74. The 10-day simple moving average is $8.65, and the 100-day simple moving average is $8.46. The coin’s RSI is 49.92, indicating a neutral trend. The Stochastic reading is 19.34, suggesting it is oversold. The MACD level is 0.018, showing minimal momentum. Over one week, the price changed by 0.06%. In the past month, it dropped by 6.46%, and over six months, it fell by 17.28%. Currently, ATOM is in a corrective move.

Conclusion

RNDR, JUP, WLD, and ATOM show less potential in the short term. The standout opportunity lies with CYBRO, an earn marketplace leveraging the Blast blockchain's native yield possibilities. Set for release in Q2 2024, CYBRO invites early investors to join its presale and secure beneficial terms.

Site: https://cybro.io

Twitter: https://twitter.com/Cybro_io

Discord: https://discord.gg/xFMGDQPhrB

Telegram: https://t.me/cybro_io

Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.

 

Bitcoin broke out of its bull flag on Wednesday, although the $BTC price has not immediately surged upward. Is this just a short period of consolidation before moving higher, or could this be yet another fakeout?

Not cut and dried yet

Source: TradingView

The first three days of this week have been quite bullish for Bitcoin, and the price increased more than 5%, taking it through the top of the long standing bull flag after its fourth attempt, and where it now holds above on Thursday.

However, things are certainly not cut and dried yet. A daily close above the top of the bull flag is required, and probably two or three more daily closes above would be even better. Then there is the resistance at $71,300, which needs to be flipped into support, and only then can $BTC move on to test the all-time high at $73,700.

Tug of war for rest of this week?

Nevertheless, it does look like Bitcoin can be successful this time. Although on the shorter term time frames the stochastic RSI indicator has momentum moving to the downside, countering this is the big buying pressure coming in from the Spot Bitcoin ETFs. If this tug of war can continue, perhaps for the rest of this week at least, the 4-hour and 8-hour RSIs can come down and reset.

Retest of support?

Source: TradingView

In the short term, it may just be that the $BTC price does come back inside the bull flag. This could bring the price back to the $69,000 support, which could also coincide with the upward trend line.

All this said, even if $BTC does come back down to retest the support, the strong buying from the Spot Bitcoin ETFs is likely to continue, and once the price is confirmed above the flag and resistance, the next bull market surge could be upon us.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.