The Solana community faced a tough time when the network experienced congestion. However, they were able to get back on track after Solana devshop Anza restarted the v1.18.11 update, which had failed earlier. The next phase of the network restart, wherein Solana tried to alleviate the ongoing network congestion, received positive feedback in a post shared by SOL core developer Anza (starry) on Reddit. On the other hand, the devnet was successful with version v1.18.11 of the Solana token. However, SOL, the native token of Solana, experienced some volatility in terms of its price.

This gained noticeable attention for Solana’s main competitor, Ethereum, as investors remain hopeful about the future ventures of Solana after the backlash it received within the crypto community due to network congestion. 

Devshop Anza v1.18.11 Update: A Deeper Dive

In addition, Anza, a devshop on Solana, released v1.18.11 to devnet, which looks to alleviate congestion problems on the Solana chain. Testnet validators were the first ones to upgrade to the latest version of the update to start monitoring and assessing the impact of the new congestion fixes.

On the flip side, the core dev in the post yesterday stated that the upgrade experienced devnet-specific problems, which eventually led to the crash. On the other hand, today is a day of reopening, and on the other, it is a day of restarting the community.

In the meantime, however, it must be said that this week, the platform has successfully implemented another network upgrade to the mainnet beta to resolve the congestion problems. On April 15, the Ethereum rival dismissed the v1.17.31 release as the network mainnet update for the Solana network, thus creating a positive atmosphere around Solana’s efforts to solve the dynamic cryptographic problems. In spite of that, the native coin SOL seems to be in a declining trend.

Solana (SOL) Price Tumbles

At the moment of writing, the Solana coin has gone down by 1.88% for the 24-hour period and currently trades at $141.94. The coin’s market chart depicts a very volatile movement, with the trading price both in positive and negative areas for the last day. The main factor that keeps the price of the cryptocurrencies at a fluctuating level is the ongoing development of blockchain technology aimed at solving network congestion.

tradingview

Whilst the short-term price action of SOL would signal a very high level of pessimism in the network functionality, the broader price movement of SOL would clearly show that the crypto community has lost quite some confidence in the network. On the other hand, now that the v1.18.11 update for devnet has been rebooted successfully and the v1.17.31 release for the Solana network mainnet update has also gone live, traders are looking forward to witnessing a price increase for the token soon.

The post Solana Restarts Devnet Update While SOL Price Seeks Stability first appeared on The VR Soldier.

The US Securities and Exchange Commission (SEC) has updated its lawsuit against Tron founder Justin Sun. The agency now argues that Sun’s extensive travel and business relationships in the United States provide the necessary basis for prosecution.

SEC is Strengthening the Case Against TRON Founder Justin Sun

The revised lawsuit seeks to establish “personal jurisdiction” over Sun, Tron and two other companies he controls. According to the SEC, these companies purposefully committed acts against the United States, making this claim a key aspect of the litigation.

During Sun’s visit to key US cities such as New York, Boston and San Francisco, he allegedly promoted and managed transactions in Tron (TRX) and BitTorrent (BTT) tokens. “Specifically, Sun spent more than 80 days in the United States in 2017, more than 120 days in the United States in 2018, and approximately 180 days in the United States in 2019,” the SEC alleges. According to the regulator, the tokens were sold to American consumers and investors as unregistered securities. In addition, the Commission accuses Sun of manipulative trading operations on the Bittrex crypto exchange, located in Seattle.

Despite this development, the price of TRX and BTT tokens barely reacted to the news. Over the past 24 hours, TRX has declined by 0.52%, while BTT has gained 2.5%.

Tron (TRX) price dynamics

The amendments were the SEC’s response to Sun’s attempt to dismiss the lawsuit, filed in March 2023. The crypto mogul argues that activities carried out entirely overseas by Singapore companies do not fall under the jurisdiction of the SEC.

The Respondent also emphasizes the urgent need for a clear regulatory framework. He believes that without precise rules defining when a token is a security and compliance requirement for token creators, the SEC’s regulatory reach could destabilize the global digital asset market.

To recap, the legal battle began when the SEC sued Justin Sun and the Tron Foundation for conducting an initial coin offering (ICO) of the TRX token in 2017. The lawsuit also targeted the offering and sale of BTT tokens, which were found to be illegal.

The post SEC Tightens Grip on Justin Sun: Amends Lawsuit to Assert Jurisdiction in TRON Case first appeared on The VR Soldier.

The Bitcoin halving event that was being anticipated for a long time finally took place on April 19th, Friday. This built-in decrease in the emission of new BTC, which occurs every four years, affected mining rewards by reducing them in half. As confirmed by data platforms like mempool.space and Blockchain.com, the adjustment took effect at 8:The anticipated launch time is 10PM Eastern Time on Friday, with the block height reaching 840,000. Surprisingly, the BTC price did not experience drastic changes after the halving and still trading at the level of $64,000.

Bitcoin Halving and Price Movement

By the end of the Bitcoin halving event 4.0, the daily amount of coins received by the miners has been reduced from 900 BTC to 450 BTC. Analysts believe this decrease in the issuance of new BTC will bring in new investors as they anticipate the price of Bitcoin to surge. Also, the increasing demand from spot Bitcoin ETFs is anticipated to be a major contributor to the continuation of this bullish trend. As the Senator from Wyoming, Cynthia Lummis is one of the proponents of BTC, she also welcomed this development.

However, skepticism exists. Major banks like JPMorgan and Deutsche Bank claim the halving is already priced into the market and the event should not have any effect on the cryptocurrency. Kok Kee Chong, CEO of Singapore-based digital-asset exchange AsiaNext, spoke about this sentiment: “As expected, the halving was fully priced in so price movement was limited. Now the industry will have to wait and see whether a rally will occur in the coming weeks amid sustained institutional interest.”

Challenges and Opportunities

The current price optimism could be in a position to be hampered by the overarching macroeconomic factors. The indications that the Fed might stop cutting interest rates and the risk of the escalating tension in the Middle East are among the factors that contributed to the recent stock market volatility.

The main purpose of the halving is to reduce the miner’s profitability rather than to directly influence the market. However, it is supposed to have a strong impact on the mining income. This update can possibly eradicate a large sum of miners’ yearly income which is billions of dollars. Nevertheless, this reduction in Bitcoin mining may be mitigated if the cryptocurrency price rises further.

Short-Term Volatility and Long-Term Outlook

#BTC

When Could Bitcoin Peak In This Bull Market?

Historically, Bitcoin has peaked in its Bull Market 518-546 days after the Halving (Chart 1)

This is how typical Bitcoin Halving Cycles have progressed

So if history repeats…

Next Bull Market peak may occur 518-546 days… pic.twitter.com/QXZUS7ZyjU

— Rekt Capital (@rektcapital) April 19, 2024

In the short term, the BTC price can be under pressure from the side of miners who seek to compensate for the revenue losses by selling their BTC holdings. On the other hand, 65% year-to-date rally stoked by spot Bitcoin ETFs brings an opportunity for long term investors to buy the dip. In the past, it has reached its highest level during the bull cycle at a time that is 518-546 days after the halving. The cycle will continue as before, and the next peak of BTC could be seen during September-October 2024.

The post Bitcoin Halving Completed: Will Price Surge or Stall? first appeared on The VR Soldier.

Platforms like Fezoo Exchange are becoming beacons of stability for investors in communities such as Dogwifhat (WIF) and The Graph (GRT). These platforms are emerging as strategic choices amidst market fluctuations, offering features that cater to the diverse needs of crypto investors.

Fezoo Innovative Approach

Fezoo Exchange has captured the attention of investors during its presale phase with its innovative approach and robust feature set. Priced at $0.013, Fezoo’s entry into the market signifies a shift towards platforms that address the limitations seen in traditional cryptocurrency exchanges.

Fezoo exchange’s presale phase, priced at $0.013, has garnered significant interest from investors due to its innovative approach and feature-rich platform. This signals a broader industry trend towards platforms that not only provide traditional cryptocurrency exchange services but also offer solutions to the limitations and challenges faced by users in the crypto market.

Dogwifhat is Beyond Memecoin Frenzy

Investors in Dogwifhat (WIF) are witnessing a transition from memecoin frenzy to a more mature investment approach. While memecoins like WIF have experienced volatility, investors are now seeking platforms that offer established DeFi functionalities and potential for sustained growth. Fezoo’s platform aligns well with these expectations, providing a solid trading environment focused on real-world use cases.

The Graph: Unleashing DeFi Potential

The Graph (GRT) holds immense promise within the DeFi space with its advanced data indexing technology. However, broader adoption is needed to unlock its full value. Investors holding GRT tokens are looking for platforms that not only leverage The Graph’s technology but also offer additional features and utility. Fezoo’s integration with The Graph’s technology and diverse earning opportunities make it an attractive choice for strategic investments.

The Graph is a distributed protocol for indexing and searching information on blockchains such as Ethereum. Blockchain indexing is a rather complex and time-consuming process that does not always allow you to obtain the correct data. The solution The Graph offers is to create indexes (“subgraphs”) that can then be queried using the GraphQL API tool. It is based on an open-source implementation of Graph Node.

GRT is an ERC-20 utility token designed for staking, subgraph development, and delegation of assets to validators. Also, ordinary users who want to use search services pay a commission in GRT for each request.

Fezoo Exchange: Suitable for to Diverse Investor Needs

Fezoo Exchange stands out with its feature-rich platform designed to meet the needs of investors at all levels. Its user-friendly interface and advanced functionalities such as lending, borrowing, staking, and integration with DeFi applications make it an appealing proposition for those seeking stability, growth, and diversified revenue streams in the crypto ecosystem.

As Fezoo gains traction and expands its offerings, it is poised to become a significant player in the crypto market. Its emphasis on utility-driven growth and community engagement positions it as a strategic choice for investors navigating the ever-evolving crypto landscape. Fezoo is not just a platform for trading, it is considered as a gateway to a comprehensive DeFi experience tailored to meet the evolving needs of crypto enthusiasts worldwide.

The post Fezoo: A Strategic Choice for Dogwifhat (WIF) and The Graph (GRT) Holders first appeared on The VR Soldier.

Polygon (MATIC) price is looking to gradually recover recent losses, and a 20+% rally could be the start of recovery. Meanwhile, BlockDAG announced an upcoming price increase to $0.006 for its tenth batch, underscoring its strategic market positioning. BlockDAG has also captivated audiences with a lunar-themed keynote video teaser, solidifying its status as a leading new cryptocurrency investment

Polygon Investors are Aiming for Growth

Investor behavior is one of the main drivers for MATIC, and this factor could be key in ensuring the price recovers from current levels.

Investor participation in the network demonstrates that they are not currently seeking to sell their tokens. On-chain analysis of active addresses shows that less than 1% is in profit. Meanwhile, it is usually the active addresses in profit that conduct transactions on the network with the intention of locking in profits.

This is not the case now as almost 69% of active addresses are at breakeven and they will try to raise the price even further to ensure they make a profit.

IntoTheBlock

In addition, the transition of Polygon tokens from short-term to medium-term holders can be an important sign of trust. The former hold their assets for less than a month, which makes them prone to selling; the latter, as a rule, refrain from moving their stocks for at least a year.

Since the beginning of this month, more than 410 million MATIC worth more than $275 million have been moved to the addresses of medium-term holders. This suggests that holders of Polygon’s native tokens are confident that the price will eventually rise, providing them with higher profits. This confidence will be key to supporting the rally.

Polygon (MATIC) Forecast: Recovery Above $0.80

At the time of writing, the price was rebounding from the $0.65 support level and was close to breaking through the $0.70 resistance level. With investors hungry for price gains, Polygon could target $0.81 resistance, provided it turns $0.70 into support.

tradingview

The MACD indicator is also showing signs of strengthening bullish sentiment. This technical indicator is used to identify changes in momentum and potential trend reversals in an asset. The formation of a potential bullish intersection suggests that the price may make a reversal in the coming days. Bullish signals from the broader market could fuel a 20+% recovery.

However, if the $0.65 support is broken and MATIC falls to $0.60, the coin will become vulnerable to a decline to $0.53. A fall towards this support will invalidate the bullish scenario and lead to further losses.

BlockDAG (BDAG) Announces New Goals 

BlockDAG recently captured significant market interest by setting its coin price at $0.005 in the latest presale of batch 9, marking a critical phase in crypto pricing strategies. BlockDAG’s innovative mobile crypto mining technology, which allows for mining on smartphones without significant battery drain, is particularly revolutionary, making cryptocurrency mining more accessible and appealing.

On the other hand, BlockDAG has made headlines by revealing plans to raise its price to $0.006 in the next batch, highlighting its strategic market stance. Additionally, BlockDAG has intrigued audiences with a teaser video featuring a lunar theme, further establishing itself as a top choice in innovative cryptocurrency investments, especially due to its unique mobile mining approach.

Enhancing Speed and Scalability: BlockDAG Innovative Model

BlockDAG’s model presents a unique framework within the cryptocurrency realm, aimed at boosting scalability and velocity in contrast to conventional blockchain systems. Through the incorporation of a Directed Acyclic Graph (DAG) structure, BlockDAG facilitates the concurrent addition of multiple blocks to the network.

This parallel processing substantially decreases the duration required for verifying transactions, making it an appealing aspect for investors seeking swift and efficient transaction processing.

The post Polygon (MATIC) Seeks Recovery While BlockDAG Takes Center Stage first appeared on The VR Soldier.

Fantom (FTM) has recently shown signs of potential recovery, backed by bullish signals from on-chain indicators and price movements.

Fantom Recovery Potential

After reaching $1.23 on March 22, the depth of this correction alone suggests that FTM is undervalued, but the lack of evidence to support this claim remains a mystery. However, this price movement signify a shift in investor behavior and a potential accumulation phase, setting the stage for a positive run in the Bitcoin market post-halving. Moreover, Its notable to mention that we are hours away from Bitcoin halving event.

Today we celebrate another #Bitcoin halving.

In 2008, Satoshi Nakamoto published a paper on a new electronic cash system that started a financial revolution.

16 years have passed, and at #Fantom, we’re continuing to innovate in one of today’s most pivotal industries. pic.twitter.com/hK9pTnCNIu

— Fantom Foundation (@FantomFDN) April 19, 2024

At present, FTM is trading at $0.70 and is flirting with the symbolic level of $1.00. By breaking above this level and holding it as support, FTM may be able to establish the next resistance point at $1.61, which represents a 55% growth from the current price.

Fantom (FTM) Technical Analysis

This target projection aligns with the Parabolic Curve pattern identified back in mid-February. Despite previous corrections and tests of support zones, FTM has not been able to initiate a sustained upward trend until now. However, if FTM fails to surpass the $1 mark and experiences a pullback, it is likely to revisit the support zone once again.

A breakout from this support zone would invalidate the bullish forecasts, leading to a potential retest of $0.70 as a support level.

Whale Accumulation & Bullish On-Chain Signals

The first positive point is the fact that cryptocurrency whales continue to accumulate FTM, which is one of the driving forces behind FTM’s recovery. The past week has seen the accumulation of FTM coins by wallet addresses holding between 100,000 and 10 million FTM coins by more than 19 million units, worth nearly $19 million. This massive increase, in turn, implies that whales expect a positive outcome for the price of FTM.

glassnode

The second bullish sentiment is shown by a number of active Addresses and The Relative Strength Index (RSI), a momentum as well, is currently above 50, which is the neutral level for FTM, suggesting the presence of bullish momentum. In addition, such a condition indicates that FTM has inherent potential for additional growth.

At The End

While FTM has faced significant downward pressure in recent times, the accumulation by whales and bullish signals from on-chain metrics suggest that FTM may present a buying opportunity for investors anticipating a potential recovery and price uptrend. However, investors should always conduct thorough research and consider the inherent risks before making investment decisions in the cryptocurrency market.

The post Fantom (FTM) Technical Crossroads: Can It Break Above $1? first appeared on The VR Soldier.

Ethereum (ETH) now looks to be one of the strongest altcoins in terms of stability, confidently holding above the $3,000 mark for several days. The current resilience could give Ethereum (ETH) the necessary push to begin a recovery and breakout to new local highs.

Ethereum Investors Expect Growth

The price of Ethereum has dropped significantly over the past few days, following broader market trends. However, the token remains above $3,000, giving investors hope that the price will rise.

This is due to the fact that most of the circulating supply of the coin is limited to the 20% rally. According to Global In/Out of the Money (GIOM), about 9.14 million ETH worth more than $27.4 billion were purchased between $3,537 and $3,118.

IntoTheBlock

Given that this massive supply is within a relatively more modest rally, ETH holders are sure not to give up until these tokens produce profits.

This sentiment is confirmed by the net unrealized profit/loss (NUPL) indicator. This on-chain metric shows the potential profit or loss that investors could make if they were to sell an asset at the current market price.

Glassnode

When the NUPL value is high, investors are in profit and this indicates a potential sell-off; a low reading may signal favorable savings or buying opportunities. ETH is currently in the bullish zone, which has historically been a trigger zone for price rallies. Thus, despite the correction, NUPL being in this zone is evidence that Ethereum still has the potential for a new rally.

ETH Forecast: Rebound from Support Level

Currently, the main task for Ethereum is to defend the $3,000 level and not lose it as support. Given that investors are currently very bullish, ETH has the opportunity to spark a rebound.

Tradingview

The most likely outcome is a potential 20% rally that would send the altcoin above $3,500. To do this, the price would first need to break through the $3,376 resistance and turn it into support.

The completion of such a rally will help the aforementioned supply volume return to profit territory, which could encourage investors. On the other hand, if this critical support level is lost, Ethereum will fall and test the $2,736 mark. A break of this support will invalidate the bullish scenario and lead to a further fall in price.

The post Ethereum (ETH) Price is Heading Towards $3,500 first appeared on The VR Soldier.

Runes, a protocol for creating altcoins on the Bitcoin network, will be launched immediately after the halving. We tell you how it works and what it all means.

What is Runes Protocol?

Runes is a new protocol developed by Ordinals creator Casey Rodamore. It will allow the creation of fungible tokens on the Bitcoin network without creating additional burden on the ecosystem.

The developers position the protocol as a simpler and more efficient alternative to the BRC20 standard, which will also allow the issuance of fungible tokens based on Bitcoin, but at the same time heavily overloads the network and leads to a sharp increase in transaction fees.

Runes were built for degens and memecoins, but the protocol is simple, efficient, and secure. It is a legitimate competitor to Taproot Assets and RGB.

The protocol is self contained and has no dependencies on ordinals or inscriptions, making it extremely simple.

Balances are…

— Casey (@rodarmor) April 1, 2024

“Runes was created for degens and memecoins, but the protocol is simple, efficient and secure. It’s a worthy competitor to Taproot and RGB.” – Casey Rodamore.

How Does Runes work?

Runes is based on the concept of unspent transaction balances (UTXO). The protocol uses them as a basis for issuing new tokens and storing information about them. Unlike BRC20, it does not clog the network with “junk” UTXOs.

Information about unspent balances is recorded by the OP_RETURN script, which can also be used to store information within a transaction. Moreover, the Runes protocol records in the OP_RETURN of a particular UTXO the supply size and the ID of the issued token. When a user makes a transfer, the original UTXO is split into several with different amounts of Rune tokens.

The process of issuing new Runes tokens is called creating runestones. They define governance rules and assign immutable attributes to tokens.The protocol also supports pre-mining functionality, where the creator receives a certain number of tokens before they are publicly released.

Impact on crypto community

The excitement surrounding the upcoming launch of Runes isn’t just because it was developed by Casey Rodamore, the creator of Ordinals. Although his involvement certainly gives the project a certain amount of credibility. Moreover, It is believed that the ability to create altcoins will attract new users and developers to the Bitcoin ecosystem, as well as expand the functionality of the network.

Community Growth

Unlike BRC20, Runes is much easier to use, and unlike Ordinals, it is more functional and convenient. This means that there will be more developers on the network who are ready to create new projects and new enthusiasts who are ready to use these projects.

Security and Stability

Runes can offer a secure and reliable platform for token creation and transaction processing. By using UTXOs to store data on-chain, tokens issued on the Rune protocol essentially inherit the Bitcoin security model.

Income for miners

New ways to interact with the Bitcoin network automatically increase the income that miners receive for processing transactions.

How to prepare to launch Runes

To prepare for the upcoming launch of the protocol after the Bitcoin halving and be among the first to experience its benefits, it is advisable to take a few key steps. Firstly, install a Bitcoin wallet compatible with Runes, such as Xverse Wallet or Magic Eden Wallet. Next, ensure you have bitcoins in your wallet as Runes operates on the Bitcoin network, meaning that all fees will be paid in this cryptocurrency. However, this preparation will enable many users to seamlessly engage with the new protocol and explore its functionalities right from the start.

The post Runes Protocol Opens Door for New Era of Bitcoin-Based Coins first appeared on The VR Soldier.

Fetch.ai (FET) has begun a recovery, but the popular AI token may not be able to recoup all of its lost profits as it faces consolidation. Meanwhile, BlockDAG is swiftly securing a leading position within the cryptocurrency market, distinguishing itself through its remarkable achievement of 15,000 transactions per second (TPS) and an intriguing teaser about a moon-based keynote.

Fetch.ai (FET) Recent Market Trends and Sentiment

Over the past few days, the price of the Fetch.ai AI token has shown a noticeable bearish sentiment, which, naturally, has scared the community members. However, the overall market decline has also put off many potential investors. In addition, the indicator fell to a multi-month low after the correction. However, this decline suggests that Fetch.ai is losing ground in the market, creating a bearish atmosphere.

Growth of the Fetch.ai network. Source: Santiment .

In addition, some network participants may not be resilient when the market issues a sell signal generated by the divergence of intraday active addresses (DAAs) and price.

DAA divergence and Fetch.ai prices. Source: Santiment

Divergence occurs when the price of a cryptocurrency and its DAA move in opposite directions, indicating a potential discrepancy between market valuation and network usage. In the case of FET, this condition is met, and this could potentially trigger sales.

Price Forecast of Fetch.ai (FET)

Fetch.ai is trading at around $2.04 at the time of writing, just above the $2.00 mark, and the coin is likely to consolidate further amid mixed market signals. Moreover, the upcoming halving is expected to give rise to an increase in the price of Bitcoin, which will inevitably affect altcoins. However, lack of support from investors could create bearish conditions for the price.

coinmarketcap

Ultimately, Fetch.ai (FET)’s price could be squeezed sideways. Such consolidation will occur between $2.26 and $1.71, which have proven to be reliable resistance and support levels, respectively. A break of one of these boundaries may trigger a bullish or bearish reaction, which will change the current scenario for the coin.

BlockDAG: A Standout Technology

BlockDAG’s adoption of Directed Acyclic Graph (DAG) technology significantly boosts its scalability by facilitating parallel processing of transactions, thus circumventing the typical delays seen in traditional blockchain frameworks. Its Proof of Engagement (PoE) consensus mechanism further empowers BlockDAG to efficiently handle between 10,000 and 15,000 TPS. These technological advancements position BlockDAG as an appealing platform for developers interested in constructing high-volume, real-time applications.

BlockDAG Successful Presale & DAGpaper

The recent unveiling of the DAGpaper at a celebratory event in Las Vegas has generated considerable excitement, highlighting BlockDAG’s potential for a remarkable 20,000X return on investment. This optimistic outlook underscores BlockDAG’s strategic position as a frontrunner in the crypto market, ready to redefine expectations and performance benchmarks in decentralized finance.

As the cryptocurrency landscape evolves, BlockDAG stands out due to its state-of-the-art technology, successful fundraising efforts, and innovative marketing tactics. With transaction speeds reaching up to 15,000 TPS and a visionary aspiration for a 20,000X ROI, BlockDAG is not merely participating in the crypto competition, it is charting a new path toward transformation, promising a future brimming with potential and lucrative returns for its investors.

The post Fetch.ai (FET) Facing Consolidation, BlockDAG Bold Vision for the Future of Cryptocurrency first appeared on The VR Soldier.

PEPE is declining, but if whales are to be believed, the frog meme-inspired cryptocurrency will soon hit its all-time high (ATH) again. On the other hand, KangaMoon has emerged as a ray of hope in the memecoin market, attracting significant attention from traders. The token’s presale journey has been nothing short of sensational, raising over $4.9M and positioning itself as a promising investment opportunity. 

PEPE Whales Activity

Large holders of PEPE “Whales”, control a significant portion of all coins in circulation, so their actions greatly influence the dynamics of the market, forcing other investors to follow their example. Now whales are willing to replenish their wallets with new tokens, and their activity benefits PEPE. In the last ten days alone, large holders have bought more than 4 trillion PEPE worth over $20 million.

PEPE whale assets. Source: Santiment

Memecoins tend to be extremely volatile. Therefore, if large investors are ready to pour millions of dollars into them, we can assume that they are gearing up for rising prices.

Retail investors are also in no hurry to sell coins, which confirms the bullish sentiment. When small investors control a significant portion of the supply, the market is considered bearish. This is due to the fact that they tend to sell coins within a month of purchase, thereby causing downward price dynamics.

PEPE Price Forecast

At the time of writing, PEPE is trading in the $0.0000051 area and is moving within a bullish trend. This bullish reversal pattern is characterized by a narrowing price range and lower highs and lows that indicate the likelihood of an upward breakout.

tradingview

Considering the behavior of investors, we can assume that if the upper boundary of the wedge breaks out around $0.00000633, the price could rise by 60%. As a result, memecoin will not only overcome the $0.00001000 mark, but will also set new all-time highs.

Engagement and Rewards with KangaMoon

KangaMoon offers users a dynamic platform to participate in weekly, monthly, and quarterly competitions, earning rewards and prizes along the way. Moreover, holders can earn free KANG tokens by actively engaging in community activities, fostering a vibrant and interactive ecosystem around the project.

During stage 5 of the presale, KangaMoon’s price surged from $0.005 to $0.0196, showcasing rapid growth and a massive 290% ROI for early investors. Analysts are optimistic, projecting a potential 1000% increase by the end of the ICO campaign. With over 20k participants and 6000 holders, KangaMoon’s acceptance in the market is on a steady rise.

Future Prospects and Bullish Momentum

The KangaMoon token is currently on a bullish trend and it is one of the tokens that offers a good investment opportunity in the memecoin market. The analysts predict that this moment is the beginning of a bright future as a result of the hype of the NFT market which is currently worth over $200B. The bullish momentum might continue and KangaMoon might reach $0.5 in Q2.

This could be a good thing for investors who are looking for a high-potential investment in the crypto world which is evolving. Its unique blend of SocialFi and play-to-earn features has catapulted KangaMoon to the forefront of the best memecoins to invest in.

The post Can PEPE and KangaMoon Reach for the Stars This April? first appeared on The VR Soldier.

Illia Polosukhin, co-founder of NEAR Protocol, recently took center stage at the 2024 Hong Kong Web3 Festival to deliver a keynote during the event.

NEAR Protocol Co-Founder: Pioneering AI and Web3 Integration

During the 2024 Hong Kong Web3 Festival, Illia Polosukhin, NEAR Protocol’s co-founder, discussed AI’s connection with Web3 technologies. He drew from his experience in AI development, including work with Google’s TensorFlow and transformative models like Transformers, to explain NEAR Protocol’s origins and its role in AI’s evolution today.

web3festival – NEAR Protocol Co-Founder Illia Polosukhin

His journey from Google Research, where he specialized in natural language understanding, to the birth of NEAR Protocol, was driven by a fundamental challenge: locating the most viable and affordable payment solution for a global AI data tagging workforce. Moreover, this requirement for inclusivity, particularly for people who don’t have access to traditional banking services, was the impetus that sparked the investigation of the blockchain technology which led to the emergence of NEAR Protocol as a viable solution.

Transparency and Accountability in AI Development

Polosukhin discussed technological advancements that have elevated AI, like word embeddings introduced in 2013, greatly enhancing deep learning models. He also highlighted the limitations of Recurrent Neural Networks (RNNs) and the subsequent introduction of powerful models like Transformers, which process computations concurrently, enabling AI scalability.

The focus on decentralized infrastructure was the highlight of the speech with the speaker raising the issue of centralized AI models that can be manipulated and are biased. However, He argued for the adoption of transparent and accountable AI development processes, incorporating cryptographic methods and blockchain-based reputation systems into the Web3 network.

A Glimpse into the Future: Illia Polosukhin Vision of Open and Transparent AI

The NEAR co-founder pushed the idea of the future where the AI models would be decentralized and running on user devices with the user expectations in mind but still maintaining the autonomy. In a nutshell, this decentralized system, which employs verifiable criteria and open-source principles, can usher a new age of AI governance which will be fair and open to all within the Web3 ecosystem.

Moreover, the co-founder focused on different approaches of AI applications, from zero-shot learning to reinforcement learning optimization, and showed the possibility of AI interaction with the blockchain and real world entities. Moreover, he stated an obvious choice between a closed AI system, which is controlled by the few and an open, decentralized future, which is powered by Web3 technologies.

At The End

Polosukhin’s keynote at the 2024 Hong Kong Web3 Festival highlighted NEAR Protocol’s commitment to realizing this vision of an integrated AI and Web3 landscape. As he simply summarized it by saying: “AI is NEAR,” inviting the community to engage with NEAR’s initiatives aimed at fostering a more equitable, transparent, and innovative digital ecosystem where AI and Web3 technologies thrive in harmony.

The post NEAR Protocol Co-Founder Illia Polosukhin Advocates for AI Integration with Web3 first appeared on The VR Soldier.

Injective INJ token saw a surge in investor interest today, April 18, following an exciting new partnership announcement that marks a significant turn for the Cosmos-based layer 1 blockchain. In a recent official statement, Injective unveiled a strategic collaboration with Jambo, a Web3 mobile infrastructure provider, with the shared goal of offering Web3-based opportunities to emerging economies in Africa, Southeast Asia, and Latin America. Moreover, the recent news caused the price of the token to surge after the announcement.

Exploring Injective Collaboration with Jambo

Injective’s latest partnership with Jambo is focused on bringing blockchain-driven financial solutions to developing markets through a specially designed smartphone, JamboPhone. In addition, this collaboration will integrate several native Injective dApps, such as Ninji Wallet, into JamboPhones, allowing millions of users to seamlessly access the Injective ecosystem.

 

Jambo is committed to connecting emerging markets with the digital world using affordable and user-friendly technology. Moreover, their JamboPhone, a Web3 Android 13 smartphone, perfectly aligns with this vision and now extends support to Injective’s DeFi initiatives, enhancing accessibility and adoption within these regions.

INJ Token: Price Forecast and Market Trends

Following the announcement, the INJ token experienced a notable price rally, increasing by 15.36% in the past 24 hours and reaching $28.17.  Also, the token’s market cap surged by 15.36%, accompanied by a significant uptick in trading volume, indicating a bullish sentiment among investors.

Tradingview data highlights a substantial 28.29% rise in the token’s open interest, reaching $114.78 million, while derivatives volume spiked by 96.52%, reaching $722.33 million. However, these metrics reflect a strong uptrend for Injective, reinforcing its bullish market stance fueled by the recent partnership with Jambo.

tradingview

Investor enthusiasm surrounding Injective’s cryptographic ventures remains high, with market observers anticipating potential post-halving price rallies. In addition, this partnership underscores Injective’s commitment to expanding its reach and offering innovative solutions to global markets, setting a positive tone for its future growth and development.

About Injective Protocol

Injective Protocol is a decentralized two-layer protocol that unlocks the potential of decentralized derivatives and limitless DeFi possibilities. Moreover, the platform uses the Ethereum and Cosmos ecosystems to create a fast cross-chain trading infrastructure without gas costs. Also, its notable to mention INJ, which is a token for managing the protocol, incentivizing users and providing derivatives.

Injective Protocol is the basis of a fully decentralized crypto exchange that supports a wide range of derivatives, including CFDs, perpetual swaps and much more. Moreover, the system provides a launch environment compatible with EVM, DeFi applications and an area for transferring Ethereum and ERC-20 tokens to Injective. Injective’s order book is completely decentralized and runs on 0x. It allows orders to be passed along a side chain with settlements within the main chain.

The post Injective Price Rallies After Partnership Announcement with Jambo first appeared on The VR Soldier.

With only one day left before the Bitcoin halving event, miners and investors are getting their expectations of profit in the market as the Bitcoin halving event is right round the corner. A clear decrease in miner flows to centralized crypto exchanges, which is interpreted as a tactic by the miners to reduce the selling pressure ahead of the halving, and this will play a massive role in the price of BTC.

Bitcoin: Reduced Miner Flows to Exchanges

cryptoquant

The data from CryptoQuant shows a big fall in miner flows to exchanges, last month’s total being 374 BTC as opposed to the following month’s 1388 BTC. Generally, inflows of money from miners and whales to exchanges usually suggest extra selling pressure which may result in the asset’s price dropping. However, in contrast, the market is often observed to gain a positive sentiment and upward momentum when assets are taken out of exchanges or there is a decline in miners inflows.

Mining Strategies Amid Bitcoin Halving Hype

Miners are eyeing on the opportunity to exploit the Bitcoin halving hype, which is normally associated with the bullish market. The bear market in 2022 has caused miners to be in the red for the most part because of the depreciation in asset prices. While the ETF approval gave rise to renewed activity, including miners selling reserves to recover their losses and to improve their operations, it also put pressure on the Bitcoin price. Interestingly, just as the ETF approval was announced, $1 billion worth of miner reserves were transferred into the exchanges, which, in turn, impacted the market dynamics.

Historical Precedents and Market Sentiment

Analyzing historical trends preceding Bitcoin halving occasions suggests that miners, who are the main producers of the cryptocurrency, rationalize their operations in preparation for the potential price surge before the revenue reduction that follows immediately after halving.

coinglass

The recent data trend is indicating that selling pressure from miners is on the way down, with analysts talking about the price rebound as a result. The selling pressure that has been observed in the past few months is probably already priced into the market, thus there is a better chance that the current short-term outlook will be positive, especially in the current risk aversion sentiment. Furthermore, Coinglass data reveals a large withdrawal of 4800 BTC from exchanges in the last 24 hours which is the largest outflow since January 2023. These withdrawals result in the change of investors’ behavior and the possible accumulation phase, laying a solid foundation for the Bitcoin market to rise after halving.

The post Bitcoin Halving Anticipation: Miners and Investors Gear Up first appeared on The VR Soldier.

Octoblock’s lucrative USDC airdrop rewards elicits widespread attention triggering a notable influx of Solana and Dogecoin holders. This stamps Octoblock as the pioneer of the new DeFi solutions.

Dogecoin Price

Dogecoin still maintains its position as a top old meme coin. Dogecoin (DOGE) saw a positive trajectory after a 126% surge in one year. The weekly Dogecoin price climbed from $0.1693 to a peak of $0.20 but is currently down to $0.17. Dogecoin price prediction projects a DOGE price of $0.3 by the end of 2024. DOGE investors were notably trooping to the exciting Octoblock USDC airdrop rewards.

Solana News

Scalability, lightning-fast, and low-cost transactions are Solana’s signature flagship entry into the crypto space. However, outages have characterized its journey since its inception. This year alone, instances of congestion issues have led to massive transaction delays and failures according to Solana News.

Analysts note that multiple incidents of outages over the past two years caused delays and dropped transactions, a loophole unacceptable for a blockchain aiming to lead the industry.

Octoblock Hot USDC Airdrop Rewards

Octoblock is a new DeFi solution packaged with investor-oriented goodies seeking profitability and philanthropy. It empowers investors with a one-voice enabler in the form of a Crowd Funded Yield Farming (cFyF) approach. Octoblock; ‘s token, OCTO, is at $0.037 in phase three of an exciting ICO that offers great reward schemes.

High-yielding ICO staking with Octoblock 

OCTO ICO investors have an array of goodies available for free, and the ticket to access them is through ICO participation. Octoblock has many fonts including the profitability and revenue generation system, the Nautilus Trove. The Trove applies a dual concept of revenue generation and investments, achieving sustainability and liquidity through Beefy Finance. It invests ICO funds through high-yielding ICO staking, which has seen a high reward APY of 185.5%. Nautilus allocates 45% of profits to investors, airdropped in USDC. Octoblock airdrops USDC rewards to all ICO participants every week by crediting their designated wallets every Monday. The criterion applied is per the investor’s proportionate holdings. The airdrops, taking place even before the launch demonstrate the project’s focus on value creation for investors leading to an effective wealth generation approach.

The Nautilus Trove also makes allocations to charity and fund managers, and 35% is reinvested. Its philanthropic wing, The Tentacle Trust, partners with conservationists to fund credible projects fighting threads to marine life. ICO holders get entries to a Tesla giveaway draw under their OCTO token holdings. One token equates to one entry, and the winner to be randomly picked at the ICO conclusion wins a Tesla 2024 EV.

Learn more:

Find more information here:

Buy OCTO: https://reef.octoblock.io/register

Website: https://octoblock.io/

The post USDC Airdrop Rewards During Octoblock Presale Triggers Inflow of Solana and Dogecoin first appeared on The VR Soldier.

The cryptocurrency industry is watching a new order be born. Investors are fed up and are searching for alternatives that were not available on platforms like Ethereum (ETH), the most popular in the space. This has resulted in high demand for Polkadot (DOT), and Litecoin (LTC), however, a new DEX that is trending nowadays, Fezoo, which is a unique platform.

Polkadot (DOT), Litecoin (LTC), and Fezoo (FEZ)

Ethereum, a major player in the DeFi, is having a hard time with network congestion and sky-high gas fees. This has thus resulted in a backlog, forcing people to look for other transaction avenues. Polkadot or DOT is a project that was previously dependent on Ethereum and it is one of the best examples for this shift. However, the recent price increase still does not bring DOT anywhere close to its all-time high, with investors probably searching for a more useful project to take advantage of DeFi capabilities.

On the other hand, Litecoin (LTC) as well is at the moment recovering. BCH’s transaction speeds are faster and its fee is lower than BTC, which has brought the price increase YTD. But the stock market’s past volatility should lead to diversification.

Fezoo presents a more than just simple alternative for Litecoin owners by speed and cost. In contrast to the centralized exchanges, Fezoo is a platform with a wide market where LTC can be traded against a lot of digital assets. This provides LTC investors with the ability to explore new investment avenues, thus the possibility of multiplying their yield. Furthermore, Fezoo is enabled by the DeFi applications that provide an opportunity to make passive income through liquidity pools, a feature that is not available in most of the centralized exchanges.

FEZ: A Breather from Ethereum High Fees

Fezoo, a DEX that was carefully built with the latest technology and possesses transaction speeds that are nearly instant and fees that are significantly lower than Ethereum. This is one of the viable options for the investor that is interested in the DeFi platform and likes to have a simplified experience. With interest in Fezoo rising and investors using its features, the demand for FEZ, the native token for access, may skyrocket.

Fezoo is not only a feature-packed, DeFi-specific platform, but it also depends on the factors such as user adoption, token liquidity and the whole DeFi market stability for its long-term success. Nevertheless, the fact that the familiar coins like DOT and LTC are migrating into Fezoo’s ecosystem shows the platform’s promising future. As Fezoo grows and sets up as a DeFi hub, the token demand may increase enormously, which is likely to cause the price to rise. 

The post Polkadot & Litecoin Seek Refuge: Fezoo Shakes Up DeFi Landscape first appeared on The VR Soldier.

Chainlink has unveiled Transporter, a fresh app that is capable of transmitting cryptocurrency tokens and messages over different blockchains, with its Cross-Chain Interoperability Protocol as the bridge. On the other hand, BlockDAG, a project that has just celebrated its presale milestone of more than $17.9 million, has been on the news quite recently due to its technological advancements.

Transporter App By Chainlink

The app will provide users a cross-chain bridge through which they can swap tokens like ETH, LINK among other eight blockchains. Moreover, the application is already in use on Arbitrum, Avalanche, Ethereum, Optimism, and Polygon, to name a few. In addition, they are focused on continuous growth as they are planning to add new tokens to the platform and compatible blockchain networks in the near future.

The design of the Chainlink’s Transporter is a symptom of a growing demand for the highly developed Web 3.0 applications that can easily interact with different blockchains. In addition, the @Web3Applications-Smart Portfolio is built to capture the benefits of cross-chain technology by providing an opportunity to invest in different cutting-edge Web3 projects.

Chainlink Transporter APP: Secure Cross-Chain Connectivity

Transporter is a user-friendly web application to facilitate crypto users to send tokens and messages safely and securely between different blockchain networks in an easy way. However, Chainlink CCIP is in charge of every Transporter transfer, which is a layer-2 solution for Ethereum.

Ensuring the implementation of CCIP, Chainlink Foundation will support Chainlink Labs, and Transporter together will simplify the user experience of initiating cross-chain transactions and messages. Moreover, the Transporter App extends this approach not only by the developers, but also by adding CCIP directly to their onchain applications.

BlockDAG Low-Code/No-Code platform

BlockDAG heads to the market with its Low-Code/No-Code platform as a benchmark in the field. It is designed to meet the needs of both individuals and businesses. The platform is a tool that removes the requirement of possessing a vast coding knowledge since it has ready-made templates for making utility tokens, meme tokens, and NFTs.

These templates can be adapted for different requirements, which means that only minimum time and efforts are needed for launching a new project. It is BlockDAG’s mission to give everyone the opportunity to be a part of blockchain technology and encourage innovation, which in turn, reduces the time needed to bring ideas to life. BlockDAG’s ecosystem currency.

BlockDAG: A Top Crypto Choice for Ctypto Investors

Amid the fluctuating fortunes of Kaspa and the positive trends in Bitcoin ETF investments, BlockDAG emerges as a leading cryptocurrency choice. With its presale achievements and introduction of an accessible, innovative contract platform promising substantial returns, BlockDAG is positioned to revolutionize the digital currency landscape. This strategic innovation aims to make cryptocurrency creation accessible to all, positioning BlockDAG as the optimal investment in today’s market.

The post Chainlink introduces Transporter App, While BlockDAG Emerges as Top Crypto Choice first appeared on The VR Soldier.

The Parcl protocol, operating on the Solana blockchain, recently experienced a significant setback as it saw a 40% decline in its Total Value Locked (TVL) following an airdrop event associated with its PRCL token. Data from DefiLlama revealed that users withdrew more than 40% of the TVL from Parcl’s betting platform for the real estate market.

Solana Project Parcl Loses Millions as TVL Crashes

The protocol’s TVL plummeted from $185.6 million to $109 million following the implementation of the airdrop, which occurred on April 15. This unexpected decline came amidst the rollout of the airdrop snapshot. In response to this situation, the Parcl team took action by penalizing addresses suspected of being involved in a Sybil attack, a form of manipulation by creating multiple fake identities.

A rough timeline of events ahead:

→ April 16, 12:59 UTC: PRCL claim goes live via @ParclLimited → April 16, 13:00 UTC: PRCL trading begins on CEXs https://t.co/K4fopEkHrT

— Parcl (@Parcl) April 15, 2024

As trading for the PRCL token commenced at $1, its value swiftly dropped to approximately 50 cents per coin. At present, the token is trading at 47 cents, marking a 14.5% decline over the past 24 hours.

Airdrop Impact

Parcl announced the launch of its PRCL token on April 16, offering early adopters of its ecosystem and core community members an opportunity to claim the token until December 31. The crypto space has seen a surge in airdrop activities recently. For instance, the cross-chain protocol Wormhole on Solana conducted an airdrop of W tokens earlier this month, which attracted significant attention but also drew scammers. Despite reaching a high of $1.50 initially, the token’s price subsequently dropped to around 60 cents.

Another notable development in the blockchain ecosystem is the launch of a governance token by the NFT platform Tensor. The asset’s price approached the $2 mark on April 9 but has since experienced a decline, currently trading around 80 cents.

The aftermath of Parcl airdrop incident underscores the volatile nature of the cryptocurrency market and the potential impact of such events on project valuations and investor sentiment. It serves as a reminder of the importance of robust security measures and community engagement strategies in navigating the complexities of DeFi and blockchain ecosystems.

About Parcl

Parcl functions as an on-chain real estate platform on solana, which allows investors to buy virtual square footage of the physical real estate in the most profitable neighborhoods of the US. The Parcl Data Feed is a tool to follow the price per square foot in different areas of the United States. This data is then fed into a smart contract and investors can choose to invest in the movements of the real estate market in each market.

The post Parcl Suffers a 40% drop in TVL After Airdrop on Solana first appeared on The VR Soldier.

In the latest news, Chad Steingraber, a well-known figure in the ripple community, has recently pointed out the fact that Tranglo has been using XRP to conduct real-time transactions through Ripple’s Payments solution. Tranglo’s decision to partner with Ripple represents a revolutionary step in cross-border payments using the latter’s On-Demand Liquidity (ODL) service. Meanwhile, the ODL service makes use of the XRP as a bridge currency.

Ripple Partner Tranglo Leverages XRP For All Real-time Transfers

Payments at Tranglo according to Steingraber are done through a methodical five steps process. RippleNet was used to apply for remittance licenses in bulk at the beginning. However, the first step is to draw down the requested amount from Ripple’s digital wallet and then re-enter the XRP amount into the transfer window. At the sametime, XRP is sold for fiat money in Tranglo Exchange account. After that, the credit is reflected in the wallet of the licensee and Ripple releases an invoice for payment.

In March 2022, Ripple’s ODL service was adopted by Tranglo as a transactional service. It was a follow-up to a successful demonstration, which took place in September 2021. In addition, the pilot project that dealt with 250,000 transactions worth $48 million during the first 100 days of its operation clearly showed that Ripple’s product was scalable and efficient.

The reason #XRP price is not affected by today’s partnerships and ODL/Payments utility use described below:

ALL use of #XRP globally today is essentially OTC trading that does not touch public crypto exchanges. Crypto exchanges currently today determine the price.

Traditional… https://t.co/fjZIj3tisH

— Chad Steingraber (@ChadSteingraber) April 17, 2024

Ripple partnership with Tranglo has led to a phenomenal growth in transaction volumes within a short time. Additionally, SMEs, which were a major force in the Ripple ecosystem, processed an astounding $970 million through the ODL in 2022. This is an outstanding jump of 1,729% from the past value. Similarly, this development points to the increasing scalability of Ripple and XRP.

Does It Affect The Price?

Although the ODL service from Ripple has an impressive daily volume of transactions that Ripple is facilitated by, questions remain as to the effect on the price of Ripple. However, they took this problem into consideration and explained that these transactions predominantly happen OTC, not on public crypto exchanges. He noted, “The reason #XRP price is not affected by today’s partnerships and ODL/Payments utility use described below: ALL XRP utilized nowadays trade bilaterally that do not link with the official crypto exchanges.

tradingview

In addition to this, Steingraber claimed that serious price increase for XRP would be due to the full exhaustion of the public supply as a result of the increasing demand from businesses that use XRP for their transactions. Also, he added, “The short of it is that the astronomical prices will result from the complete exhaustion of public resources.”

The post Ripple Partner Tranglo Uses XRP For All Payments, What’s Next For XRP Price? first appeared on The VR Soldier.

In nine months, there will most likely be no bitcoin left on cryptocurrency exchanges. The reasons are the upcoming halving, as well as spot ETFs on BTC. The day before, reserves of the first cryptocurrency on centralized platforms (CEX) fell to a three-year low. According to Bybit analysts, in less than a year there may be no BTC left at all. 

BTC Unpleasant Forecasts

The main reasons that provoke the outflow of bitcoins from centralized exchanges, analysts include: 

-The upcoming halving, which will take place in two days.

-The emergence of BTC spot ETFs. 

As a result of the halving, the supply of Bitcoin will be halved. The supply of the first cryptocurrency will no longer meet demand – there will be less BTC on the market than investors want. And with the launch of asset-based exchange-traded funds, investor demand has become too high. 

Bitcoin whales add up to 200 thousand BTC per month to their balances. After the halving, the number of coins entering circulation will decrease to 14 thousand BTC. “Bitcoin reserves on all centralized exchanges are depleting faster and faster. If we assume that the daily inflow of funds into spot BTC ETFs is $500 million, then about 7,142 bitcoins will leave exchange reserves daily. This means that it will take only nine months to use up all remaining reserves,” Bybit said in the study. 

cryptoquant – Bitcoin Exchange Reserve

According to CryptoQuant, on April 17, Bitcoin reserves on the CEX fell to a three-year low. The figure currently stands at 1.94 million BTC, or about $127 billion. 

Bitcoin Miners Position 

According to Bybit, a feature of this cycle was that miners began to sell off their reserves much earlier than in previous years. This can be seen in the chart showing the holdings of cryptocurrency miners ahead of two halvings: 2024 and 2020. Experts believe that this indicates a change in sentiment among miners. 

These dynamics may indicate that Bitcoin miners believe the BTC price rally ahead of the 2024 halving is weaker than in past cycles. Therefore, they wanted to make a profit earlier – in their opinion, the value of the first cryptocurrency will no longer grow at the same speed as before, the study says.

However, this year has become special for Bitcoin. For the first time in history, the asset set a new all-time high even before the mining speed was halved in March 2024 at $73,737. Some analysts are of the opinion that BTC will rise after the halving. However, it may take time to reach a new high. Markus Thielen from 10x Research expects the Bitcoin price rally to begin in at least six months – not until the fall of 2024.

The post Bitcoin (BTC) May Run Out On Exchanges in 9 Months first appeared on The VR Soldier.

Altcoins suffered a massive drawdown, with many down as much as 50% from their local tops. Bull market enthusiasm got ahead of itself, and there was not enough liquidity to support the upward price action. But while certain tokens are lagging, others are posting crazy gains. Altcoin bloodbaths are the best times to discover the best cryptocurrencies to buy because they continue to rally while everything falls. A classic sign of relative strength and an easy way to spot future winners. DTX Exchange (DTX) presale skyrockets, promising 25X gains, and surpasses Polygon (MATIC) and Internet Computer (ICP) amid bearish market.

DTX Exchange (DTX) Presale Skyrocketing

The DTX Exchange (DTX) is soaring, smashing funding records, and has already raised nearly a quarter of a million in three days. Investors are betting big on this trading platform, and its next-gen approach to on-chain trading explains its rampant early growth. DTX Exchange has learned the hard lesson of counterparty risk from the 2022 FTX collapse and provides a new on-chain trading haven for leveraged traders

It combines the custody of a decentralized platform with the performance of a centralized exchange. Its order book is entirely on-chain, and it leverages a unique approach to liquidity to deliver competitive execution with minimal slippage. The Distributed Liquidity Pool model aggregates from various sources across DeFi, ensuring traders get filled at their exact price.

Accessibility and a lack of tradeable assets have always been weaknesses for decentralized trading hubs. That is why DTX Exchange incorporates traditional equities, contracts-for-differences (CFDs), forex, and cryptos on its platform. Users can trade all of these assets from a single interface with up to 1,000X leverage. Token holders unlock reduced trading fees, access to market-leading analysis helping any trader improve their PnL, and a share of platform revenue thanks to the staking program. Analysts forecast 25X gains this year, and $DTX surpasses both Polygon (MATIC) and Internet Computer (ICP) in terms of upside potential this cycle.

Polygon (MATIC) Overvalued and Forgotten? 

Polygon (MATIC) is in a tough spot following the recent retracement and has already fallen 45% from its local top. Compounding the headache for Polygon (MATIC) holders is the increasingly congested layer two space. Arbitrum (ARB), Base, and Optimism (OP) have positioned themselves as leaders, and the Polygon (MATIC) zkEVM chain has seen little traction.

Unless Polygon (MATIC) can turn things around and excel in the zero-knowledge space, the short to medium term looks bearish for all Polygon (MATIC) owners. The next major catalyst for Polygon (MATIC) will be the Ethereum (ETH) Spot ETF in May, with analysts forecasting the Polygon (MATIC) token trading as high as $1.05 post-approval.

Internet Computer (ICP) The Future of Web3? 

Internet Computer (ICP) is a decentralized full-stack solution for building web applications. Whereas layer one blockchains offer smart contract coding environments, Internet Computer (ICP) provides a fully decentralized world computer. It replaces the need for Amazon Web Services, and Internet Computer (ICP) can be used to build anything.

It is one of the more ambitious blockchain projects, and analysts forecast Internet Computer (ICP) trading in a band between $16.31 and $18.92 later this year. The most significant hurdle for explosive gains Internet Computer (ICP) faces is its $5.7 billion market cap with little underlying demand for its services. 

DTX is currently in its first presale stage. To learn more about DTX, visit the DTX presale website or join the DTX community. 

The post DTX Exchange’s Presale Skyrockets, Promises 25x Gains, Surpasses Polygon and ICP amid Bearish Market first appeared on The VR Soldier.