StarkWare, the entity behind Starknet, has announced that its plan to expand its scaling technology to the Bitcoin network will not result in Starknet being forked or the creation of a new token. 

StarkWare also clarified that its primary focus remains on scaling Ethereum through validity rollups and ZK Proofs, despite its recent efforts to bring scalability solutions to the Bitcoin ecosystem. 

Plans For The Bitcoin Network

StarkWare, Starknet’s parent entity, is generally associated with scaling Ethereum through its Starknet ZK rollup. However, StarkWare co-founder Eli Ben-Sasson always wanted to scale Bitcoin using STARK proofs. Ben-Sasson stated that it had always been a dream to connect Starknet to Bitcoin. 

“I was red-pilled at the Bitcoin conference in 2013.”

However, with many feeling that StarkWare could fork Starknet, the latter clarified X, highlighting its commitment to enhancing the efficiency of Ethereum scaling in 2024. Starknet says it will serve Ethereum and Bitcoin without creating a new layer or token exclusively for Bitcoin. Instead, it would act as an execution layer that scales Bitcoin and Ethereum simultaneously. 

“Starknet will continue focusing on scaling Ethereum like we’ve done since launching its first Validity Rollup. We will notably continue our work in the ZK field as public goods and strive to scale Ethereum in the most efficient way possible.”

It further added, 

“Our goal, consistent since the initiation of Starknet, is to develop STARK proofs to enhance the scalability and integrity of blockchains that we believe in. StarkWare won’t fork Starknet to create a new layer on Bitcoin or establish an exclusive token for the Bitcoin ecosystem. Instead, Starknet will (try to) act as an execution layer that scales both Bitcoin and Ethereum simultaneously. Its security, governance, and ecosystem will all be driven by the STRK token.”

The Complications Of Upgrading Bitcoin

No one fully understands the complexities of upgrading Bitcoin because, unlike other chains, there is no clear upgrade process or protocol. Progress generally happens after consensus is reached among researchers, coders, project maintainers, full node operators, and miners. To stay true to Satoshi Nakamoto’s vision, Bitcoin scaling must preserve a self-custodial nature with sovereign individuals and be resistant to censorship. Ben-Sasson believes that current solutions have too many compromises. 

StarkWare is putting up $1 million to champion CAT publicly. OP_CAT was originally introduced by Nakamoto, who then deleted it without giving a proper reason. Some, such as Udi Wertheimer, speculated that Nakamoto did not fully understand the potential of CAT and deactivated it simply because no one was using it at the time. 

With StarkWare publicly backing CAT, Wertheimer is confident the upgrade could be activated this year. 

“I think this community started looking at this as something that is real, and that made a massive difference. StarkWare, bitcoin miners, core developers, and people who support the Lightning Network, “they all want this, and that’s why I’m pretty sure it’s going to happen.”

StarkWare’s plan to bring ZK scaling to the Bitcoin network is part of a larger plan to address the scalability issues leading blockchains face.

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.

Normie, a prominent memecoin based on Coinbase’s native blockchain Base, has fired an intern for posting an offensive video on the project’s official X handle. 

The promotional video, depicting a blue-skinned cartoon chef with heavily exaggerated full lips, sparked widespread outrage and disapproval from the crypto community. The team at Normie has apologized for the controversial video.

Normie Fires Intern After Backlash

Normie clarified in a post that the video’s intended message was to convey that there is always a way out, even when everything is coming at you, and that positive change begins with oneself. The team also acknowledged that the video unintentionally triggered a highly sensitive topic. The team put a post on Normie’s official X handle stating, 

“After careful consideration and internal reflection, we have decided to remove our last video. The intended message was to demonstrate that there is always a way out, even when everything is coming at you, and that positive change begins with oneself. It was never our intention to trivialize a sensitive topic. We sincerely apologize to anyone who was offended by the content. We are committed to ensuring that this does not happen again. The intern who posted it has been fired. Stay based.”

Users Question Decision

However, not all users were impressed with the decision, stating that the intern only posted the video and was being made a convenient scapegoat. One user commented that Normie should be firing the individual who was helping the intern and allowed the video to be posted. 

“How is this the intern’s fault? Did he make and post the whole video himself? Did your team not approve it? Fire whoever should’ve been helping the intern and allowed that to happen.”

In its response, Normie explained that they did not intend to hurt anyone or trivialize a highly sensitive topic. 

“There is always a way out, even when everything is coming at you, and that positive change begins with oneself. It was never our intention to trivialize a sensitive topic.”

Normie’s Recent Hack

Last month, the Normie memecoin project suffered a major smart contract exploit that led to hackers stealing 225 ETH, worth $881,686 at the time, of user funds. The exploit also led to a $47 million plunge in the NORMIE token’s market capitalization in a matter of hours. After negotiations with the hacker, the Normie team accepted the hacker’s offer of returning 90% of the stolen NORMIE tokens. However, the hacker put forward a condition that Normie use the stolen funds and the $2.3 million in its development wallet to launch a new token to reimburse NORMIE holders. 

“Exploiter, we accept your offer to return 90% of the exploited $ETH. You may keep 10%, no reprisals.”

On June 7th, Normie announced that 192 ETH stolen during the hack had been recovered, and the token launch at its new address had been completed.

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 has recently faced significant selling pressure, having fallen below an important support level at $7 on Friday.

The current week sees DOT remain bearish, with sellers firmly in control and DOT hovering at a crucial support level that could dictate future price movements.

Will Polkadot (DOT) Continue Bearish Streak?

Polkadot (DOT) has been consistently unsuccessful in surpassing key resistance levels. DOT has faced rejection twice at the $7.50-$7.60 level and at the $7.20 level, leading to a significant decline due to increasing selling pressure as bearish sentiment gained momentum. DOT had a positive start to the previous week after dropping to $6.98 last Sunday. DOT reversed this bearish trend and rose to $7.23 by Wednesday. However, with the 20-day SMA acting as resistance at this level, DOT could not sustain its bullish momentum and fell back in the red on Thursday, dropping to $7.13, a fall of 1.57%.

Friday saw selling pressure intensify as DOT dropped by nearly 7%, slipping below $7 and dropping to $6.65. The bearish sentiment persisted into the weekend, with DOT dropping by 4.04% on Saturday and settling at $6.38. Sunday saw a marginal recovery, with DOT rising to $6.52. However, DOT started the current week back in the red after a highly volatile session that saw DOT settle marginally lower. The current session sees DOT down by over 2% as sellers look to push DOT below a crucial support level. Whether DOT does fail to stay above this level remains to be seen.

Will Polkadot (DOT) Recover Or Continue Drop?

Looking at the Polkadot price chart, we see DOT faces resistance at the $7, $7.20, and $7.50 zones. Currently, DOT is near its support zone of $6.40, a level that has held on several previous occasions. This is because strong demand counteracts the selling pressure, preventing the price from dropping further. However, should this level of support be breached this time around, we could see bearish sentiment continue, with DOT potentially dropping to $6.

Source: TradingView

Polkadot (DOT) is currently in a phase of slight consolidation, indicating the price could potentially stabilize. If DOT manages to recover, we could see an increase to $7 and $7.20. Should it get past these levels, the next level of resistance is in the $7.50-$7.60 zone, which is where the 200-day SMA is also present. For sustained bullish momentum to build, DOT must reclaim these levels. Technical indicators such as the MACD also reflect the current bearish sentiment in the market, having flipped to bearish.

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.

AI coins are witnessing a broad-based correction, primarily due to the massive ongoing derisking before the upcoming CPI and FOMC. 

Even Apple’s landmark partnership with OpenAI failed to inject strength into the AI sector, with Worldcoin - a brainchild of OpenAI CEO Sam Altman - down 12% over the past 24 hours. 

Meanwhile, new crypto presales are in high demand, primarily because they remain unaffected by the broader market sentiment. For instance, WienerAI - a new AI-powered meme coin - has already raised close to $5.5 million in its ongoing presale. 

AI Cryptos Crash Pre-FOMC - Buy The Dip?

Data from CoinMarketCap reveals that the AI crypto market capitalization is down by 7% over the past 24 hours. 

Most top tokens, including Near Protocol and Injective, are down by 10%, while Render (RNDR) has corrected by close to 15%. 

Fetch.ai, SingularityNET and Ocean Protocol prices have also dipped by over 10%. More importantly, these three tokens are down by 4% in the past hour, after the ASI merger has been postponed by over a month. 

ASI - or the Artificial Superintelligence Alliance - is a new AI coin, set to be created by the merger of FET, AGIX and OCEAN tokens. Initially, the merger was set to start today on June 11th and conclude by June 13th. However, the project’s X account announced a postponement due to logistical issues. 

 

https://t.co/jf83tXYS2P

— Artificial Superintelligence Alliance (@ASI_Alliance) June 11, 2024

However, the weakness in the AI sector cannot be solely attributed to fundamental issues. The broader crypto market, including Bitcoin and Ethereum, has crashed by 5% today. 

 

Experts believe that investors are derisking right before the key macroeconomic events set to take place tomorrow on Wednesday. The Consumer Price Index for May will be released at 8:30 AM Eastern Time. 

Following it is the FOMC meeting, which is set to give its next interest rate decision at 2:00 PM. Perhaps the most important event is Fed Chair Jerome Powell’s speech at 2:30 PM. 

Powell’s dovish post-FOMC speeches have created a local bottom for 4 straight times, followed by a massive 20% rally in Bitcoin. Crypto investors would hope that the Fed Chair adopts a dovish stance again, considering that a hawkish stance could result in a much steeper downside move. 

 

Powell's press conferences have been good for the market recently 👀In fact, the past 4 FOMC events have all coincided with local bottoms and >20% rallies for #Bitcoin. With the next presser taking place on Thursday, a bounce could be closer than most people think 👀 pic.twitter.com/uyXySWRkBH

— Jelle (@CryptoJelleNL) June 11, 2024

 

Is WienerAI The Best Altcoin To Buy Now? 

WienerAI ($WAI) is a new AI-powered meme coin that has caught the attention of retailers as well as smart money traders. 

WAI has already raised close to $5.5 million in its presale in the first few weeks. The strong demand for the new token has led to popular crypto influencers being bullish on its upside potential.

 

🚀🎉 $5M Milestone Achieved! 🎉🚀WienerDogAI is just getting started!! 🌭🤖 pic.twitter.com/x7G1kFx729

— WienerAI (@WienerDogAI) June 8, 2024

While YouTuber ClayBro - who has over 130k subscribers on X - is backing WienerAI to deliver 10x returns, another trader Jacob Bury is even hinting at the possibility of 100x returns. 

 

WienerAI is more than just a meme coin with a hilarious mascot. Instead, it is launching its next-gen AI trading bot, which could significant dividends during a bull market. 

Token holders can take advantage of the bot’s AI-enhanced predictive trading and receive comprehensive answers to all their investment-related queries. Additionally, they can benefit from seamless swaps and MEV protection, at no additional cost. 

WienerAI has its own staking protocol, which could be an excellent passive income source for retail investors. According to its staking dashboard, stakers are currently receiving rewards at an APY of over 200%. 

Visit WienerAI Presale

Disclaimer: This is a sponsored article 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.

Wanna make money? Sometimes it’s worth trying bookies not on GamStop rather than trading cryptocurrencies. Here is an example. A Chinese client of Binance, the world's largest cryptocurrency exchange, suffered huge financial losses due to an account hack. The fraud is linked to a Google plugin called Aggr, which is promoted by some influencers.

After downloading this plugin on 24 May, a Chinese user lost $1 million worth of cryptocurrency. The victim noticed suspicious activity on their account only after an hour and a half and then hurried to contact Binance support. The dissatisfied customer complained that Binance's response to the request was not quick enough, and it took the exchange more than a day to notify other trading platforms about freezing the stolen funds. As a result, the hacker managed to withdraw all the assets.

Hackers used the captured cookies for two-factor authentication (2FA), gaining unauthorized access to the Binance account, clarified crypto journalist Colin Wu. He wrote on Twitter,

“Your Binance account may have been compromised due to downloading the KOL-promoted Google plugin Aggr. A Chinese user used this plugin, which resulted in $1 million being stolen through cross-trading on May 24th. Another Binance user had his funds stolen on March 1. Hackers use hijacked cookies to bypass password/2FA verification and log into the victim's Binance account.”

A trader has accused Binance of failing to implement necessary security measures despite unusual trading activity on his account. He claimed the exchange did not act promptly even after he reported the issue. According to the trader, Binance was aware of the fraudulent plugin, was conducting an internal investigation, but did not inform users or take preventive measures.

Co-founder of the world's largest cryptocurrency exchange Binance, Yi He, commented on the serious security breach. She explained that the loss of crypto assets occurred due to a compromised personal device of the user, not due to a breach in Binance's security systems. She emphasized that a recent theft happened because a hacker got into the client's account through a malicious plugin. 

Binance's support team was super quick and froze a compromised user account within one minute and 19 seconds of getting the request. Despite Binance's swift actions, the hacker had already managed to execute some leveraged trades, Yi He regretted. Yi He also urged clients to take measures to ensure their own security, especially when logging in and using plugins. She stressed that Binance cannot be held responsible for incidents arising from user negligence.

Several months ago, analysts from SlowMist warned that vulnerabilities in WordPress plugins could lead to attacks on cryptocurrency wallets and theft of crypto assets.

Binance had  security breaches over the years. For example, in October 2022, they got hacked, and around $100 million worth of Binance Coin (BNB) was stolen. The hackers exploited a cross-chain bridge to mint extra BNB and moved them off the blockchain. Luckily, Binance quickly contained the situation and assured everyone their funds were safe.

Also, back in May 2019, hackers managed to steal over $40 million worth of Bitcoin from Binance. They used phishing, viruses, and other methods to gain access to user accounts and withdraw funds (Markets Insider).

Despite these incidents, Binance has been pretty proactive about improving security. They’ve got features like two-factor authentication (2FA), withdrawal whitelisting, and regular security audits to protect user assets.

Even though Binance is one of the more secure exchanges, these hacks show how important it is to be proactive and take steps to protect your account.

Binance is considered one of the more secure cryptocurrency exchanges, but like any platform, it is not completely immune to risks.

Basic Security Measures:

 By following these tips, you can really boost the security of your Binance account and keep your assets safe from any threats.

Enable Two-Factor Authentication (2FA):

You should use Google Authenticator or SMS authentication to add an extra layer of security.

Use a Strong Password:

Create a complex password with a mix of uppercase and lowercase letters, numbers, and special characters. 

Regularly Update Password:

Change your password periodically. Do not reuse passwords from other sites.

Advanced Security Measures:

Whitelist Withdrawal Addresses:

Enable the withdrawal whitelist feature so that funds can only be withdrawn to pre-approved addresses.

Anti-Phishing Code:

Set up an anti-phishing code to distinguish legitimate Binance emails from phishing ones.

Device Management:

Regularly check the list of devices that have accessed your account and remove any that are not recognised.

Enable Security Alerts:

Activate email or SMS notifications for account activity ( logins and withdrawals).

System and Network Security:

Email Account:

Ensure your email account, linked to Binance, is secure. Use 2FA and a strong password for your email account as well.

Phishing Attempts:

Always access Binance through the official website or app.Be cautious of phishing websites and links.

Update Software and Devices:

Keep your operating system, browser, and any antivirus software up to date. That’ll help protect your device against malware and security vulnerabilities. 

Use Secure Networks:

Do not  access your Binance account over public Wi-Fi networks. Use a VPN if necessary.

Stay informed:

Keep up to date with security announcements from Binance and follow their recommendations.

Regularly check and update your security settings.

Other Safe Crypto Exchanges

If you're looking at other secure crypto exchanges besides Binance, here are a few options that are considered secure:

Kraken

It has strong security measures and has never been hacked since its launch in 2011. They offer two-factor authentication (2FA), regular security audits, and they maintain a high level of transparency through proof of reserves.

Coinbase

One of the most popular exchanges, especially for beginners, Coinbase is regulated in the U.S. and listed on the New York Stock Exchange. It offers a wide selection of cryptocurrencies and robust security features.

SwissBorg

It's got a really user-friendly interface and strong security protocols. They make it super easy for new users to get started and even offer a straightforward staking program. It's a solid choice if you're new to crypto trading 

Bitget

It's known for its military-grade security and competitive fees. They even acquired Bitkeep, a crypto wallet, to boost security further. It's not available in some U.S. states, but it’s a reliable option with great customer support and a wide range of cryptocurrencies

Disclaimer: This is a sponsored article 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 traders are gearing up for massive volatility, with several key macroeconomic events taking place this week. 

Spearheading the week is the Consumer Price Index on Wednesday, followed by the all-important Federal Open Market Committee (FOMC) meeting on the same day. Perhaps Fed Chair Jerome Powell’s speech post-FOMC could be even more important than the central bank’s interest rate decision itself. 

On Thursday, the Producer Price Index and jobless claims could further fuel the market volatility.

Next week Wednesday & Thursday are some massively economic data packed days.Wednesday has CPI & FOMC.Thursday has PPI & Jobless claims.Expect a lot of volatility around those days and possibly some derisking the days prior.Don't get chopped up meanwhile :) pic.twitter.com/Ue92wNDliM

— Daan Crypto Trades (@DaanCrypto) June 6, 2024

Experts are advising traders to stay away from leverage in the coming days. Several smart-money traders are choosing to invest in crypto presales, considering they are not impacted by short-term volatility. 

The Week Which Could Kickstart The Crypto Bull Market

The Bitcoin price steadily climbed up to $71,800 last week - spurred by the strong inflows recorded by spot BTC ETFs - before witnessing a marginal pullback. 

The strong correlation between Bitcoin and global liquidity cannot be overstated. The graph below - depicting the BTC price divided by the M2 Money Supply - shows how reactive Bitcoin is to macroeconomic factors. 

The M2 money supply has started to soar and with it, the institutional investment in Bitcoin has started to tick up. CryptoQuant recently reported that large investors are adding $1 billion in BTC every day, resembling the behaviour that preceded Bitcoin’s move from $10k to $69k in 2020. 

 

#Bitcoin: The whales’ appetite for buying has returned strongly“They are now returning with strong buying power once again, which indicates that the current prices are suitable for buying and accumulating.” – By @abramchart Full post 👇https://t.co/lYGUHk72Hf

— CryptoQuant.com (@cryptoquant_com) June 7, 2024

 

Therefore, the stage is set for another crypto bull rally and a positive macroeconomic outlook this week could kickstart just that.

Oil prices indicate that the CPI inflation would be in line with the market consensus.

Oil is telling you that there's lower inflation numbers to come shorter-term. This + today's employment data, point to easier conditions for risk assets over the coming quarter.If you navigated the past two months conserving capital, well done... it should get easier from here. pic.twitter.com/KJRUaZPUOL

— ted (@tedtalksmacro) May 4, 2024

Similarly, the CME FedWatch tool shows a strong likelihood of the US Federal Reserve continuing to keep its benchmark interest rates at 525 - 550 bps. 

The key event therefore becomes Fed Chair Jerome Powell’s speech post-FOMC. It is important to remember that it was Powell’s dovish speech that kickstarted a recovery in the equities market at the start of May. 

Another dovish speech could be a clear signal to the markets that quantitative easing is on the horizon. Notably, both the Bank of Canada and the European Central Bank have already started to cut interest rates last week. 

ICOs In Demand Despite Crypto Price Volatility

Crypto presales are in high demand, considering they are not exposed to short-term market volatility. 

For instance, the Sealana meme coin has caught the attention of crypto traders, having already raised over $3 million in its ICO. With its presale ending on June 25th, there is a considerable possibility that $SEAL will launch in the midst of a major bull run. 

As such, popular traders such as Crypto Boy believe that Sealana could potentially be the next 100x meme coin. 

Similarly, another meme coin Base Dawgz is in high demand, considering the hype surrounding Base meme coins during this bull run. For instance, Brett - Base’s top meme token - has rallied close to 400% over the past month. 

DAWGZ has already raised close to $800k in its presale in the first few days, thanks to its multi-chain status and the innovative share-to-earn utility. 

Similar to Sealana, experts such as ClayBro are bullish on Base Dawgz.

Disclaimer: This is a sponsored article 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.

With Europe’s comprehensive MiCA regulations coming into effect at the end of this year, it is looking likely that these regulations will not allow Tether to operate in this jurisdiction. What could this mean for Europe and crypto?

Tether’s reducing market share

Tether is the foremost USD stablecoin in the world, and in Q1 of this year it made record profits of $4.52 billion. However, its market share is slowly reducing, and has descended to around 69%. At the same time, Circle’s USDC, a regulated alternative to USDT, has seen its market share increase to 11%.

One major reason why the use of Tether’s USDT stablecoin might be seeing reduced market share is the impending coming into force of the Europe-wide MiCA regulations on digital assets.

Furthermore, in anticipation of these impending regulations, certain exchanges, such as OKX, have already delisted USDT pairings in the European economic area. Kraken is another major exchange which is considering a similar move.

Could Europe find itself isolated from crypto?

With potentially no more competition from the huge number one stablecoin in Europe, it is perhaps hoped that euro stablecoins will come more to the fore. The euro is of course the native currency of Europe, and as such it would surely be the preferred option.

However, with that said, across the globe, USD stablecoins have always dominated, and other currencies have struggled to get any sort of a toe in the door. If the market goes with this move, all may be well. But if this regulatory shift has the effect of leaving the continent in its own backwater as the world moves in a different direction, Europe could find itself isolated.

An anti-crypto sentiment pervades European banks

It could well be argued, at least as far as the European banking industry and financial agencies are concerned, that there is an overwhelming anti-crypto sentiment that pervades these traditional monetary institutions.

Christine Lagarde, President of the European Central Bank, has made it known that she believes that cryptocurrencies are “worth nothing”. With such a view, and her undoubted influence on regulatory policy, Lagarde perhaps believes that crypto can be eradicated, or at least heavily suppressed in Europe.

A CBDC is needed to enforce citizens’ compliance 

Also, while she champions the introduction of a Central Bank Digital Currency (CBDC) in the Eurozone, competition from the peoples’ cryptocurrencies such as Bitcoin, would not be desirable.

Finally, it might be asked, just how much will a euro be deemed to be worth, as the European central bank starts adding to its first recent rate cut? Much, much more currency will need to be printed in the Eurozone in order to be able to roll over the debt. 

Of course, this will come at the expense of every European citizen as their currency is further debased. Lagarde is perhaps hoping that the imposition of a CBDC will speed this process up and prevent citizens from seeking the safe harbours of gold, silver, or Bitcoin.

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 community has seen impressive runs consistently by BEFE. The meme coin’s growth has made it one the top topics in the memecoin project in the crypto market currently. The recent rise in the value of the meme coin resulted from its potential to provide huge profits to investors. 

This article will explore BEFE's journey while moving through different market sentiments, technical analyses, and factors to consider whether it holds the key to surpassing predictions in June.

Exploring the BEFE Hype and June Trajectory

Assessing the June BEFE coin trajectory, its performance is critical for traders and investors to capitalize on the current memecoin trend. Currently, the BEFE coin is at $ 0.00009980, with its future price dependent on various factors that could establish it as the top player in the memecoin arena or stumble while facing competition. Its change in price in the recent month has also made experts consider an explosive growth to $ 0.000327 with a jaw-dropping 228.35% increase before the end of the month with the potential of erasing one more zero.

Factors that Might Influence BEFE's Performance in Coming Weeks

The recent increase resulted from different driving factors, including increased investment attributed to the BEFE community and development team effort pushing BEFE value higher. The recent BEFE partnership with $ZKPEPE aims to use the strength of this platform, which is famous for expertise in zero-knowledge proof technology, to create a robust environment for the memecoin.

After experiencing some recent shutdowns in the crypto-market, the coin began to recover, unlike other coins, producing in 2023 about 550% in return. According to the trajectory, a reasonable $250 investment could skyrocket to $250,000, which will prove BEFE's potential for transformation

The recent classical chart pattern where BEFE is forming a textbook cup handle pattern. This chart indicates a market breakout. As the handle nears completion, technical analysts predict a surge in price after breaching the resistance level. The combination of BEFE, ranging from its technical setup, community, and recent strategic partnership, sets BEFE to surpass expectations in the coming week

Another factor that can affect the trajectory of BEFE in the coming week is its scarcity, which introduces the concept of rarity, improving the value proposition. This scarcity might contribute to the memecoin goal of increasing market capitalization from $ 9.28M.

Irrespective of the bearish BEFE price prediction, the Fear & Greed index presents an exciting contrast, displaying a reading of 75 (Greed). This bearish price prediction might be for short-term investors, with a significant portion of the market still willing to buy the memecoin. It proves its potential for high returns driven by recent news, reviews, and speculative trading. 

Conclusion

BEFE coin trajectory suggests exponential June growth, driven by partnerships, technical patterns, and market sentiment. Investors can get more information via https://befetoken.com.

Disclaimer: This is a sponsored article 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 Bitgert altcoin is already becoming the center of attention among predictions of a 200% explosion this week. Restless investors are already preparing to dive into this potential downpour with the promise of massive returns in this ever-changing digital assets space.

Exploring Bitgert’s Ecosystem

Bitgert is developing an entire blockchain ecosystem with products and services, including DeFi, NFTs, Web 3.0, and Metaverse. The ecosystem is powered by Bitgert BRC20 blockchain, having unparalleled performance with 100,000 TPS in transaction speed and zero to near-zero gas fees. Bitgert has thus far delivered some of the most vital components of its ecosystem: Bitgert Paybrise, which is a payment solution for merchants to accept payments in $BRISE; BRISE Swap—cheap, fast, and decentralized. 

Other components of the ecosystem are multicurrency crypto wallets, staking, audit solutions with leaderboard support, and other innovations for the security of the blockchain. Bitgert is the kind of platform any developer may wish to turn towards developing highly utilized and easily scalable infrastructure platforms for any type of distributed solution. While working toward delivering products on time and adhering to tackling real-world limitations posed by current blockchain technologies, Bitgert is trying to make a mark as one of the driving forces behind the mass adoption of cryptocurrencies.

Pricing Performance of Bitgert

Bitgert showcased significant volatility in market movement over the last month. Starting with a market capitalization of $58,814,245 on May 11, it soared to $70,359,444 on June 6, with an uptrend of 19.6%. A high trading volume of $11,003,587 and an opening price of $0.000000177845 marked its peak. Despite a bit of volatility, the closing prices remained upwardly biased until the most incredible close of $0.000000177845 on June 6. By June 9, though, the market cap had reduced slightly to $62,047,206. This represented a fall of about 11.8% from the previous all-time high. The overall performance showed remarkable peaks, where the highest trading activity and market capitalization indicate massive interest from investors and the potential for decent returns in no time.

Deciphering Bitgert’s Strategic Partnerships

Bitgert has formed strategic partnerships with some of the most well-known companies of the time, which include Phantom Arena, Kult Games, Safe Road Club, and ChainPlay.GG. With this, they are looking at an in-depth partnership that provides for mutual growth, improvement in marketing efforts, and revolutionizing the crypto space.

Some of the highlights of the partnership for Bitgert include giveaways of 10 Airdrop Arena Tickets with Phantom Arena, the launch of the KULT GENESIS NFT with Kult Games, mutual activation for the strategic marketing collaboration of Safe Road Club, and assisting in reaching new heights by harnessing Bitgert's high scalability, lightning speed, negligible fees, and solid security with ChainPlay.GG.

Conclusion

Bitgert is now stepping into the real estate industry with a massively cutting-edge Web3 market, a decentralized and secure solution for property trade through the connection of sellers with buyers. That would put mg $BRISE among the top 100 altcoins actually about to do so this year.

Through strategic partnerships, continuous development, and utility-driven innovation, Bitgert has excellent opportunities to grow in the future. However, investors should take the time to be cautious, do their analyses periodically, and vet popular review sites before they make up their minds about making that final purchase.

To know more about Bitgert, Visit https://bitgert.com

Disclaimer: This is a sponsored article 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 Federal Reserve holds its FOMC meeting Tuesday and Wednesday, when inflation data will be released. Interest rates are expected to stay as is, but market uncertainty as to the Fed’s future predictions and actions is causing risk assets such as Bitcoin to fall in anticipation.

Confusing jobs data

Mixed, and some say confusing recent jobs data, did nothing to clear the muddy economic waters for the US. Supposedly, 270k non-farm payroll jobs were created for the month of May, but at the same time, the Household Survey showed a loss of 408k jobs. 

It also has to be borne in mind that very often the more positive figures are ‘reviewed’ and then revised downwards in subsequent weeks, which might lead some to believe that they are manipulated in the first place in order to put a gloss on a bad situation.

FOMC - rates to stay unchanged … for now

Going into this week’s Federal Open Market Committee (FOMC) meeting, there is the backdrop that both the Canadian and the European central banks cut rates last week by 25 basis points. This likely will not have any impact on the Fed’s interest rate decision, and the market is pricing in an almost 100% certainty that rates will stay unchanged.

That said, where risk assets such as Bitcoin are concerned, the probability that rates stay higher for longer is not conducive to the flow of liquidity needed that will fuel the rest of the bull market.

However, all is not lost. At some point, the Federal Reserve will simply have to cut rates. The debt burden is becoming more than the economy can withstand, and printing more currency in order to pay the debt is almost a foregone conclusion. It just might be that this does not happen until later in the year.

Bitcoin is rejected. Can support hold?

Source: TradingView

For now, Bitcoin has taken advantage of the uncertainty to fully reject from the top of its bull flag. There is a band of support going down to around $67,000, and perhaps the price will stop and bounce from here.

Weekly close will be critical

Source: TradingView

Zooming right out in the weekly time frame it can be seen that the $67,000 support is quite strong. However, if it doesn’t hold, $63,000 is waiting below, and there is also the upward trend line which could hold the price up at $64,000.

On an even more bearish note, the weekly stochastic RSI is posturing a cross back down. This weekly close will be very informative as to if this cross down is confirmed.

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 DeFi space has been abuzz with the launch of QuickPerps: Falkor, the Polygon DeFi suite’s latest cutting-edge perpetual exchange. Right from its May 23 launch, users from the Polygon ecosystem and beyond have flocked to Falkor, and have brought substantial capital with them as well. Thanks to QuickSwap’s on-chain data analytics tools, the numbers are in place to prove that the hype around QuickPerps: Falkor is not merely a social trend. In just its first week post-launch, Falkor onboarded more than 5,100 new users and generated nearly $14 million in trading volume. Falkor’s remarkable performance not only speaks for the platform's cutting-edge features and the growing market demand for sophisticated perpetual trading tools on Polygon PoS, but also points to a major market trend on the horizon.

Setting the Standard for Perpetual Contracts

Without a doubt, QuickPerps: Falkor has set a new standard in Web3’s ever-popular perpetuals sector with a host of impressive features. One feature that stands out in particular is the platform’s near-instant transactions and zero-gas trades. With the support of Polygon's unrivaled scalability stack and integration of Orderly Network's permissionless liquidity layer, QuickPerps users can execute their trades at optimal price points without the burden of high gas fees or latency – a common pain point in the DeFi space, and an especially common one in its perpetuals sector.Another key feature QuickPerps: Falkor brings to table comes from its commitment to security and user experience. The platform eliminates the need for bridging, allowing Polygon users to deposit funds directly into the platform's vault. Such a streamlined deposit mechanism not only enhances the overall security of the platform, but also simplifies the onboarding process for new users and traders. What makes QuickPerps: Falkor's launch particularly noteworthy is its impressive array of supported assets. The platform already offers perpetual contracts for 37 blue-chip digital assets, including industry heavyweights such as Bitcoin (BTC), Ethereum (ETH), and Polygon's MATIC,  as well as popular favorites Dogecoin (DOGE), Avalanche (AVAX), XRP, Arbitrum (ARB), Near (NEAR), and Chainlink (LINK). For traders looking to make the most of their capital, Falkor supports up to 50x leverage – an impressive figure in its own right.

Gauging the Market: The Meaning of Falkor’s Success

The rapid growth and trading volume recorded in QuickPerps: Falkor's first week of operations is not exclusively a product of the platform’s cutting-edge features and high-performance engine. Traders tend to seek out leverage when they believe volatile times are approaching. With the Ethereum ETF kicking into gear and pundits from Web3 and traditional finance alike promoting decentralized technologies, the Web3 market is poised for a major run. More often than not, rising volume in the perpetuals sector is a strong indicator of rising bullish sentiment in the broader market. With its impressive first-week statistics and a rapidly growing user base, QuickPerps: Falkor is well on its way to becoming the go-to destination for traders seeking to capitalize on the ever-evolving Web3 market’s next big move.

Disclaimer: This is a sponsored article 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.

South Korea’s Financial Services Commission (FSC) published new guidelines to regulate NFTs. According to the new rules, the financial regulator will reportedly treat certain NFTs as regular cryptocurrencies. 

South Korea’s financial regulator issued new guidelines relating to non-fungible tokens (NFTs). According to local reports, the Financial Services Commission (FSC) deems certain NFTs to be regular cryptocurrencies should they no longer have unique characteristics that distinguish them from cryptocurrencies. 

Certain NFTs To Be Classed as Regular Cryptocurrencies

On Monday, the FSC issued new guidelines clarifying how NFTs should be regulated. According to reports from Yonhap news agency, the South Korean financial regulator will treat certain non-fungible tokens as regular cryptocurrencies if they no longer hold the unique traits that differentiate them from cryptocurrencies.

The newly issued guidelines come ahead of the implementation of South Korea’s “Virtual Asset User Protection Act” on the 19th of July.

Per the guidelines, the regulator may classify an NFT as a cryptocurrency in a regulatory context in the following instances:

If it is mass-produced.

If it is fairly exchangeable.

If it can be fractionalized.

If it is used for the payment of goods and services. 

On the other hand, digital tokens that are non-transferable and have little to no economic value would be classed as regular NFTs. 

The FSC clarified, "If it takes the form of an NFT but is actually a virtual asset, the ‘Virtual Asset User Protection Act’ applies.” 

NFTs Not Subject to Virtual Asset Users Protection Act

The FSC’s decision to clarify the regulatory technicalities surrounding NFTs was necessitated as the country prepares to implement the ‘Virtual Asset User Protection Act.’

Yonhap reports that NFTs refer to tokens with “unique” information that is “impossible to replace” with anything else.

Non-fungible tokens are excluded from the scope of virtual assets subject to the incoming legislation as they are issued in limited quantities and mainly traded for the purposes of collecting content. The qualities of NFTs mean the number of holders and secondary transactions is limited. 

Jeon Ypo-seop, Head of the Financial Innovation Planning Division of the FSC, explained:

“For example, if 1 million NFTs were issued, there would be a lot of transactions and there is a possibility that they would be used for payment purposes.”

The FSC, however, explained that it will manage classifications on a case-by-case basis rather than present a specific issuance volume as a criterion. 

Ensuring Regulatory Clarity

The South Korean government recognizes the need for absolute regulatory clarity in the digital asset sector and is acting accordingly. In 2023, the FSC proposed several mandates regarding the industry, including rules forcing companies to disclose crypto holdings. 

The country has a seemingly warm approach to blockchain technology, which fosters a welcoming environment for digital asset investment. In December, the FSC announced an interest benefit mandating that digital asset investors receive interest when depositing funds into crypto exchanges. The Bank of Korea (BOK) will also harness the power of blockchain and announced a pilot central bank digital currency (CBDC) program commencing in Q4 2024. 

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 managed to stay above $6.40 over the weekend after enduring a highly bearish end to the week, during which sellers managed to push the price below $7.

DOT registered a drop of almost 7% on Friday, falling as low as $6.01 before settling at $6.66.

Polkadot (DOT) Stays Above Crucial Level

Polkadot (DOT) managed to stay above $6.40, a crucial support level, as buyers pushed the price up by 2.35% on Sunday. Despite starting the week on a positive note, DOT was extremely bearish last week. On a highly volatile Monday, DOT went as high as $7.19 before dropping to $7.01, registering an increase of just 0.29%. At this point, DOT was able to stay above $7, a level where it had support. DOT built on this support on Tuesday, rising by 2.41% and moving to $7.17. An increase of 1.06% saw DOT rise to $7.25 on Wednesday.

However, this is where things changed for DOT. With the 20-day SMA acting as resistance at this level, DOT could not go higher and dropped by 1.57% to $7.13. Selling pressure intensified on Friday as sellers took control of the market, pushing DOT down by almost 7% to $6.66. However, Friday also saw DOT go as low as $6.06 before recovering. This drop saw the price fall below the 50-day SMA and the crucial $7 level.

DOT also entered the weekend in the red, dropping by just over 4% to $6.38. However, DOT had strong support at this level, and with buyers entering the market on Sunday, it registered an increase of 2.18% to $6.52. The current session sees DOT back in the red, with selling pressure having pushed the price down to $6.45 at the time of writing.

What Next For Polkadot (DOT)

Let’s look at the key Polkadot (DOT) levels that can dictate any future price movement. There is a strong level of support at $6.40, which has been tested multiple times, as recently as the weekend, and held. Looking at resistance levels, DOT faces resistance at $7, $7.20, and $7.50. Should sellers manage to breach the support at $6.40, we could see DOT drop to $6.

Source: TradingView

If DOT manages to recover, its first target would be $7 and $7.20. Should it manage to get past these levels, we could see it test the resistance at $7.50. However, looking at the DOT price chart, we can see that bearish sentiment is currently dominating the market, with technical indicators such as the MACD also flipping to bearish, indicating significant selling pressure.

Polkadot (DOT) Making Significant Strides

While DOT’s price may be muted, Polkadot is making significant strides in the tokenization of real-world assets. Many industry experts believe Polkadot can potentially be a market leader in tokenizing RWAs, with many projects in its growing ecosystem supporting their view. Polkadot’s architecture is known for its scalability and interoperability. The protocol’s JAM whitepaper could help further solidify its position in the RWA tokenization space.

Polkadot’s Software Development Kit (SDK) has also become a popular tool in the crypto space. Polkadot’s SDK allows developers to create projects that can facilitate the integration of RWAs into Polkadot. Notable projects in the Polkadot ecosystem focusing on RWAs are Energy Web, Xcavate, Phyken Network, and Centrifuge.

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.

Cryptocurrencies are available at a variety of costs, ranging from tens of thousands of dollars for one Bitcoin to cheap cryptocurrencies and meme coins for less than a dollar. 

As such, finding the cheapest cryptocurrency to buy can be an appealing idea for people looking to diversify their financial investment portfolio and make huge returns without making a major investment. 

However, the main problem is finding viable opportunities, as new coins circulate daily. In this guide, we have picked out and evaluated the best cheap cryptocurrencies to invest in with high potential in 2024.

Best Low Cap Cheap Cryptos to Buy

New cryptocurrencies are created every second of the day, making it challenging for even seasoned investors to select one from such a large variety. Below, we list and review the top 7 best cheap cryptocurrencies to invest in with a 100x potential.

Base Dawgz (DAWGZ) - New Multichain Meme Coin

Sealana (SEAL) - Upcoming Seal-Themed Meme Coin

WienerAI (WAI) - Universe’s Most Powerful AI Trading Bot

PlayDoge (PLAY) - Popular Mobile-based P2E Companion Game

Mega Dice (DICE) - Solana-based GambleFi Token

99Bitcoins (99BTC) - Innovative Learn To Earn Cryptocurrency 

eTukTuk (TUK) -  AI-Integrated P2E project

Base Dawgz (DAWGZ) - New Multichain Meme Coin

Base Dawgz is a new meme coin that is gaining attention among investors thanks to its humorous lore that combines base jumping with Shiba Inu and other doge-based characters. Illustrating its chain-hopping capabilities is its interesting mascot which showcases how these characters were strapped with base jumping gear, soaring through the skies after jumping off a plane. 

With its multichain posture, the meme coin is compatible with networks like Base, Ethereum, Binance Smart Chain, Avalanche, and Solana. This interoperability feature is made possible through the help of Wormhole and Portal Bridge technologies, exposing the token to a wider audience.

Contributing to its market appeal is its competition-based airdrop model and staking mechanism. Rather than distributing free tokens to random investors, Base Dawgz is embracing a strategy that rewards community’s social engagement. To be eligible for its upcoming airdrop, investors are expected to accumulate enough points by posting on the project’s Twitter account. 

According to Jacob Bury, a popular YouTuber with over 12k subscribers, the combination of Base Dawgz’s multichain concept, staking model and its intense social media marketing strategies will give the token an explosive start as soon as it lands on crypto exchanges.

Priced for as low as $0.00479, Base Dawgz is one of the cheapest cryptos with multiple potential upsides. So far, the meme coin has gathered close to $800k in its ongoing presale event. 

For more information, follow Base Dawgz on X.

Buy Base Dawgz

Sealana (SEAL) - Upcoming Seal-Themed Meme Coin

Sealana comes next on our list of the best cheap cryptocurrencies to buy right now. Built on Solana, one of the fastest-growing blockchains on the planet, Sealana is represented by a lazy and chubby seal inspired by the popular South Park character World of Warcraft Guy. 

Sealana aspires to follow in the footsteps of other Solana-based meme coins that have witnessed massive price rallies in the past few months and possibly become the next significant market player. Despite taking a no-utility approach, Sealana appeals to both low and high-risk investors with its humorous lore. 

After raising over $3 million, Sealana’s ongoing presale will come to a close in the next two weeks. Therefore, those interested in becoming an early part of a project that’s billed to make an impact can join the presale before the token is listed and gain widespread awareness and adoption. 

The hype surrounding $SEAL is obvious, with respectable crypto YouTube channels like 99Bitcoins predicting that it will be the "next degen obsession." According to some analysts, there is growing excitement about this meme coin, as it has the potential to increase to 100x its present value, making it one of the best cheap cryptocurrencies to buy right now.

Investors can buy SEAL in two ways. The first one is by using the project’s presale widget which supports bank cards and major cryptos like ETH, USDT, SOL, and USDC. It is also possible to buy the token by sending SOL to a wallet address on the site. 

For every SOL sent, investors will receive 7069 SEAL. Those using the widget will be able to buy for as low as $0.022. At the end of the presale, the project is expected to airdrop SEAL tokens to the rightful owners. 

For more information about its future listings, follow Sealana on X.

Buy Sealana 

WienerAI (WAI) - Part Dog, Part Sausage And Part AI Trading Bot

WienerAI is not just a bot, nor a simple sausage, but an AI crypto trading partner that is designed to give every trader the advantage that they have been searching for. WienerAI is the world's most advanced consumer artificial intelligence trading bot. 

It is the most powerful cybernetic being in the cosmos and the first Sausage/Dog/Artificial Intelligence to be developed. Practically, WienerAI has an AI-enhanced trading interface that is instant, predictive, and noob-friendly. 

Traders can enjoy seamless sausage swaps and transactions with WienerAI. Crucially, WienerAI also charges zero fees, which means that all WienerAI users will be able to maximize their gains.

This new dog meme coin uses predictive technology to rapidly evaluate the market and present users with clear, unbiased insights into prospective investment possibilities. WienerAI is not only A meme coin–it’s investors’ ticket to better trading and the native token of the first AI-powered trading bot of its kind.

Given its AI-powered trading bot utility, top crypto analysts like CryptoZeus expect WienerAI to make a lasting impact in the coming years.

That being said, WienerAI’s presale is still live and currently raised a total of $5.4 million indicating an increase in investors interest. One $WAI is currently trading for $0.000717 and can be purchased in exchange for ETH, USDT, and BNB. 

It can also be bought directly through a credit or debit bank card. This is by far one of the best cheap cryptos to invest in and also has the potential to go as high as 100 times its current value.

Follow WienerAI on X.

Buy WienerAI

PlayDoge (PLAY) - Popular Mobile-based P2E Companion Game

PlayDoge is one of the most talked-about meme coins right now. Since making a stunning entry into the market, PlayDoge has been luring savvy investors to its presale through its combination of doge and P2E aesthetics. 

PlayDoge kicked off its presale barely two weeks ago and has already gathered more than $3.5 million, underscoring the growing buzz around the token. What sets PlayDoge apart from other meme coins is its emphasis on offering real utility with its mobile-based companion game. 

Reminiscing the 90s gaming era, the PlayDoge virtual world is set in a 2D 8-bit style where players can earn free tokens for training, feeding, and interacting with their Tamagotchi-inspired virtual pet. With this innovative attribute, PlayDoge is aiming to replicate the success of Floki Inu, a gaming meme coin that has gone up by more than 1162% in the last 12 months.

Considering the wave of the bullish trend greeting the P2E crypto gaming niche, famous YouTuber TodayTrader tips PlayDoge to outperform the performances of leading doge-based tokens like Dogecoin and Shiba Inu.

In the coming months, PlayDoge will launch its highly-anticipated mobile app so that players can look after their pets even while on the go. Investors who join its ongoing presale have the opportunity to stake their tokens so as to further earn more rewards. 

At press time, PLAY is presently up for grabs at a cheap price of $0.00505 making it a good investment opportunity for those seeking promising tokens at low cost. 

Follow PlayDoge on X.

Buy PlayDoge

Mega Dice (DICE) - Solana-based GambleFi Token

DICE is a brand new GambleFi token that’s currently available on presale for a fraction of a cent. Despite being a fresh launch, the Solana-based crypto has gained heavy market traction due to the established reputation of Mega Dice. 

Renowned as one of the fastest-growing Telegram-based online casinos, Mega Dice excels when it comes to providing intriguing gambling opportunities. It caters to various tastes and preferences with its vast selection of high-RTP games, spanning slots, table games, jackpots, and live dealer options. 

As such, it is no fluke that it has enjoyed the loyalty of many gamblers across the globe. At press time, Mega Dice has more than 50,000 users and an average monthly sales of $50 million, cementing its status as one of the biggest gambling platforms in the world. 

By launching DICE, Mega Dice wants active community members to benefit from the success of its ecosystem. While serving as a medium through which players can wager on games on the site, the token will also be used to provide exclusive rewards and perks.

Recognizing its potential, Michael Wrubel, a crypto analyst with a solid track record says DICE can leverage the excitement around Mega Dice to become the OG of the GambleFi world.

While still at presale, the token has been tipped to become the next cryptocurrency to get listed on leading cryptocurrency exchanges. So far, the GambleFi token has recorded massive sales, netting over $1.5 million from early movers. To become one of the investors that will savor early bird gains when DICE makes its IEO debut, participate in the presale now. 

Follow DICE on X.

Buy DICE

99Bitcoins (99BTC) - Innovative Learn to Earn Cryptocurrency 

99Bitcoins is a crypto-learning platform that was established in 2010, and since then it has gained huge popularity in the crypto industry. The platform has over 700,000 YouTube subscribers, trading courses of about 79 hours, and more than 2 million registered email subscribers. 

The 99Bitcoins platform recently launched the 99Bitcoins token which is currently in its presale phase. The $99BTC is a new learn-to-earn token that is designed to reward users for learning about cryptocurrencies, blockchain, and other crypto-related topics. The classic 99Bitcoins platform is integrating with BRC-20 to pioneer the learn-to-earn model on the Bitcoin blockchain.

As a $99BTC token holder, you get to enjoy some exclusive benefits. For instance, $99BTC token holders will be able to enjoy access to exclusive trading courses and unlock additional modules, quizzes, and tutorials that will make the whole learning experience engaging and enjoyable.

What’s more, with the 99Bitcoins token, participants will be able to join a thriving community and gain access to expert crypto trading signals that will give them an edge in fast-moving markets. They will also be able to learn from like-minded individuals, share insights, and develop their crypto knowledge.

Notably, as they progress through the extensive learning curriculum and participate in the 99Bitcoins community, they will earn $99BTC directly to their wallet. This is perfect for traders who want to gain more knowledge about the cryptocurrency industry and earn while doing so. 

Also, those who don’t have time to learn about cryptocurrencies can simply stake their $99BTC tokens to earn passive rewards. Renowned YouTube analyst, Crypto Gains is optimistic about the potential of the token to increase in value by up to 100 times in the coming months.

Currently, one $99BTC is trading for $0.00108 and can be purchased in exchange for ETH, USDT, and BNB or directly with credit or debit card. 

You can also subscribe to 99Bitcoins’ YouTube channel or follow its page on X. 

Buy 99Bitcoins

eTukTuk (TUK) - AI-Integrated P2E Project 

With a lofty ambition to become a major player in the bustling P2E economy, eTukTuk recently launched its mobile game, Crazy Tuk Tuk Taxi on App Store and Play Store. The mobile-based game provides the opportunity for players to complete simple driving and parking tasks and earn free tokens. 

For driving around the streets of Sri Lanka, picking and dropping off customers, players will receive $TUK tokens for free. Beyond its gaming aspect, eTukTuk also focuses on building an AI-powered, sustainable transport solution that will revolutionize transportation in developing nations and, ultimately, worldwide. 

eTukTuk is utilizing blockchain technology to construct the charging infrastructure of the future. The eTukTuk team is harnessing blockchain technology to develop a cost-effective charging station and electric vehicle network, promoting sustainable transportation. The organization optimizes driving routes, minimizes traffic, uses less gasoline, etc., with the help of the $TUK token.

1/ Discover the secrets to a longer-lasting EV battery🔋⬇️- Charge to 80%: Optimise your battery life by charging up to 80% for daily use.- Avoid Extreme Temperatures: Keep your #electricvehicle happy by avoiding extreme temperatures – hot or cold. pic.twitter.com/Iqe3sJKZ3B

— eTukTuk (@eTukTukio) June 3, 2024

Moreover, eTukTuk is creating solar-powered charging stations as part of a larger plan to lower CO2 emissions. These stations provide charging choices for electric vehicles other than eTukTuk. And its native token, $TUK, is an integral part of this ecosystem. 

The payment method for these charging stations will be $TUK. In addition, after the stations are finished, stakeholders will have the opportunity to "Power Stake," which would let them keep a percentage of the fees collected. There are also investment opportunities where users can buy and stake $TUK tokens to receive rewards. 

At press time, the eTukTuk presale is still live and has already gathered substantial funding from early movers. Investors may make the most of this chance by purchasing this coin, which, according to some experts, is one of the best cheap cryptocurrencies to acquire.

One $TUK is currently trading for $0.033 and can be purchased in exchange for BNB, USDT, ETH, and also directly through your credit and debit bank cards. Once the presale ends and the public launch happens, investors will be able to claim their $TUK tokens. 

Follow eTukTuk on X.

Buy eTukTuk

Why Should Investors Buy Cheap Cryptos?

Cheap cryptocurrencies typically trade at a low market value, frequently a fraction of a dollar or within the $1 range, as opposed to expensive cryptocurrencies such as Bitcoin, Ethereum, or Solana. Although there are risks in investing in these cheap cryptos, there are also several reasons why crypto traders and investors should consider buying cheap cryptocurrencies, and here are some of them:

High Potential For Growth

The main reason to look for cheap cryptos to buy and invest in is the potential for high returns. A small investment in any of the best cheap cryptocurrencies can potentially lead to significant returns if the cryptocurrency gains traction. Also, cheap cryptocurrencies have a lower market capitalization which makes them more susceptible to price swings. The best example is obviously Bitcoin, which, at some point, was a very cheap crypto coin. 

Affordable Investments

Another benefit of buying cheap cryptocurrencies is that they enable budget-conscious investors to secure a large number of tokens. The process is very similar to buying penny stocks, which enables investors to buy large quantities of shares and make profits from minor price movements. 

For instance, while Bitcoin trades at tens of thousands of dollars, some of the cheapest coins to buy right now are valued at a fraction of a cent, making them attractive to casual investors. This is because investors can put in a small amount of money and still get a large number of tokens.

Increased Liquidity

Another reason to pursue cheap cryptocurrencies is their increased liquidity due to listing on several exchanges. Unlike a few years ago, nowadays, cheap cryptocurrencies often have enough liquidity so investors can quickly buy and sell cheap cryptocurrencies at any time, allowing for faster trading decisions. 

Early Adoption Advantage

Buying cheap cryptocurrencies gives investors an early adoption advantage, as investing in cheap cryptocurrencies allows them to get in early on potentially successful projects. This can usually be done by investing in crypto projects’ presales. 

Investors also get to enjoy every advantage and benefit that comes with investing early in these cheap cryptocurrencies. Being an early adopter can lead to potential significant returns on investment as well as the sense that comes with being part of something so groundbreaking and innovative.

Diversification

Another reason to buy cheap cryptocurrencies is that they offer an effective means of portfolio diversification. Investors can diversify their portfolio by spreading their wings and investing in different cheap cryptocurrencies, which is essential for managing risk and maximizing returns. 

The vast majority of these tokens represent start-up projects, and as such, investors can diversify their portfolios with large tokens such as Bitcoin and Ethereum, as well as cheap cryptocurrencies that might provide huge returns in the future. 

Key Things To Check When Buying Cheap Cryptocurrencies

Despite the attractiveness of cheap cryptocurrencies as an investment option, there’s also high risk, especially due to the shady tactics many crypto projects use to attract new investors. 

Therefore, there are some key things to check when buying cheap cryptocurrencies to ensure investors make a worthy investment choice. Here are some key things to consider;

User Adoption

One of the things to consider when buying a cheap cryptocurrency is its user adoption. When looking for a cheap cryptocurrency to invest in, it is important to look for cryptocurrencies with growing user adoption or widespread acceptance. Investors can determine this based on the number of active wallets, transaction volumes, and collaborations with other respected firms.

Market Capitalization

When buying cheap cryptocurrencies, understanding their market capitalization (market cap) is also vital. This represents the overall dollar market value of a crypto’s circulating supply. 

Market capitalization is computed by multiplying the total supply of coins by the current price of one unit. According to experts, higher market caps indicate stability and lower risk. However, lower-cap coins may offer promising growth prospects.

Community Engagement

Another factor to consider when purchasing cheap cryptocurrencies is their community engagement. Regardless of price, potentially successful cryptocurrencies will be backed by vibrant communities. A vibrant community is important for a cryptocurrency's success so it is advisable to check social media platforms like Reddit, X, and Telegram for active discussions and activities related to a cryptocurrency or project. 

Cheap cryptocurrencies with a better online presence and an active community will most likely make a better investment.

The Project’s Roadmap

Lastly, when choosing a cheap cryptocurrency to invest in, it is advisable to check the project’s roadmap. This basically shows investors the company’s timeline for new releases, updates, features, and developments. By checking the project’s roadmap, investors can evaluate when the price might spike or fall.

Final Words

In sum, the crypto market has consistently shown potential to be the world’s most sought-after financial asset class. Millions of people across the globe are investing in cheap cryptocurrencies to join the rollercoaster ride of these volatile coins, but selecting the best cheap cryptos to buy at low prices is quite a challenge.

Keep in mind that investing in cheap cryptocurrencies has its highs and lows. For those interested, this guide provides a comprehensive list of some of the cheapest cryptocurrencies in the market, including promising projects such as Base Dawgz and Sealana. 

Buy Base Dawgz

 

Disclaimer: This is a sponsored article 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.

Republican presidential candidate Donald Trump has called himself the “crypto president” as he looks to portray himself as a strong advocate for cryptocurrencies. 

Trump made the comments during a fundraiser last week and also slammed efforts by the Democrats and the SEC to regulate the industry. 

Trump Makes Crypto Pitch 

The former president is looking to pitch himself as a strong cryptocurrency supporter. The former president was also highly critical of the Biden administration and its attempts to regulate the sector. Trump was able to raise $12 million from the fundraiser hosted by tech venture capitalists Chamath Palihapitiya and David Sacks at the latter’s residence. San Francisco-based tech executive and former Trump ambassador to Austria, Trevor Traina, stated, 

“He said he would be the crypto president.”

Speaking at the fundraiser, Trump called crypto an important sector and stressed that he was and would continue to be extremely supportive of the sector. However, Trump has not yet offered any specifics about his crypto policy. The cryptocurrency industry is looking to influence US politicians as it continues to face heightened scrutiny from regulators. This scrutiny comes after a spate of bankruptcies at major crypto firms such as FTX. These bankruptcies had a detrimental effect on investors, exposed significant fraud and misconduct, and led to millions of investors facing significant losses. 

Biden’s Crypto Policy 

The Biden administration has been quite hostile towards the cryptocurrency sector. However, the stance has seen a shift in recent months. In 2022, President Biden signed an executive order to ensure the responsible development of digital assets. This led to several reports urging the United States Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) to issue guidelines, rules, and a clear regulatory framework to address risks in the crypto ecosystem. 

The Biden Administration has also indicated a willingness to work with Congress and develop a regulatory framework for cryptocurrencies and the crypto ecosystem. White House spokesperson Robyn Patterson stated that the administration had always supported digital assets while also looking to protect consumers from risks associated with new technologies such as crypto. 

Support For Trump Growing 

San Francisco, a highly liberal city, is witnessing a growing number of high-profile venture capitalists and crypto investors coming out in support of Donald Trump, citing what they perceive as hostility and excessive crypto regulation as their reasons. Jacob Helberg, advisor to data analytics provider Palantir, stated, 

“President Trump made clear that the Biden-Gensler crusade against crypto will grind to a halt within one hour of a second Trump administration.”

Among those who attended the fundraiser were executives from crypto exchange Coinbase, crypto investors Tyler and Cameron Winklevoss, and several prominent figures from the crypto ecosystem.

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.

Binance, the world’s largest cryptocurrency trading platform by trading volume, has announced that it has surpassed 200 million global users, representing over a third of all crypto holders worldwide. 

Besides reaching 200 million users, Binance now has $100 billion in assets under custody. 

Binance Reaches Major Milestone

Since its inception, Binance has offered users a secure and user-friendly option for crypto trading, offering an array of services that include decentralized finance (DeFI), spot trading, futures contracts, and more. The exchange has announced that it has surpassed 200 million users, a hugely significant milestone. Binance announced the news by posting the news across all of its social media platforms as it continues its journey to onboard a billion, or one in every eight people in the world, on its platform. However, the numbers reported by Binance are self-reported. 

“Today, we celebrate 200 million users, and it is all because of YOU! Your support is the heartbeat of our journey to 1 billion users. Here’s to the stars of our story – You!” 

Binance aims to become more than just a cryptocurrency exchange; it is looking to extend its influence in blockchain education and innovation through Binance Academy and Binance Research. Both offerings help Binance provide valuable resources that help educate the public about blockchain and crypto, helping democratize access to information and promoting wider adoption. Binance has also entered into strategic partnerships to promote crypto, helping shape a future in which cryptocurrencies are seamlessly integrated with users’ daily lives. 

Growth Trajectory 

In 2022, Binance reported a total of 130 million users. The platform added 40 million users in 2023, bringing the total to 170 million. Now, 6 months into 2024, the platform has already added 30 million users, bringing its total to 200 million. If this level of growth stays constant, Binance could reach 300 million users by 2026. 

According to data from Triple-A, the global cryptocurrency consumer installation base has reached a staggering 562 million in 2024. This is up by around 140 million, given there were around 420 million users in 2023. Based on these numbers, Binance users account for 36% of the global cryptocurrency user base. 

Another Major Milestone 

Binance’s 200 million user milestone comes shortly after the exchange hit another milestone in March, crossing $100 billion in assets under custody. According to Binance, user assets under Binance have more than doubled since the beginning of the year, thanks to a sustained uptick in digital asset prices, significantly elevating the value of the assets under the exchange’s custody. 

“We hold all user funds at a 1:1 ratio, plus additional reserves, which anyone can verify using Binance’s proof-of-reserves (POR) system. Recent weeks have witnessed a remarkable, sustained uptick in digital asset prices, a trend that has undoubtedly played a significant role in elevating the value of user assets under Binance’s custody.”

The cryptocurrency exchange’s legal hassles are also firmly behind it, with former CEO Changpeng Zhao currently serving a four-month sentence for fraud. Zhao has apologized for his actions and apologized for his time in a minimum security facility in California.

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.

Even though many investors are drawn to the cryptocurrency market because of its innovation and technology, it's safe to argue that the biggest draw is the possibility for profit. As a result, more and more people are searching for the next cryptocurrency that can give 100x returns in 2024. And if you are familiar with the crypto industry, you may have heard the phrase ‘meme coins are pumping again.’ 

We can’t ignore the fact that meme coins have gained huge popularity over the past few years. A considerable percentage of cryptocurrency investors have some meme coins in their portfolio, and these meme coins typically go viral and attract investors due to their appeal.

For those also interested in investing in a meme coin in 2024, the crypto market is full of meme coins right now. In this guide, we have listed the top 7 meme coins to invest in 2024 that are most likely to give you 100x returns.

Best Meme Coins to Buy That Can Give You 100x Returns - Top 7 List

New meme coins are created every second of the day, making it a difficult challenge for even seasoned crypto investors to select one from such a large variety. In this section, we’ll list and review the top 7 best meme coins to invest in with a 100x potential as of June 2024. 

Base Dawgz (DAWGZ) - New Multichain Meme Coin With A Base-jumping Shiba Inu Mascot

Sealana (SEAL) - Seal-themed Solana Meme Coin With An Innovative Presale Model 

WienerAI (WAI) - The Most Advanced Beginner Friendly Crypto Trading Bot

PlayDoge (PLAY) - P2E Doge Companion Game

Pepe (PEPE) - The Most Memorable Meme Coin In Existence 

Bonk (BONK) - First Solana Dog Coin For The People 

Floki (FLOKI) - The People’s Crypto 

Best Meme Coins to Buy Now Reviewed

Below, we have done well-detailed research and curated a top 7 list of the best meme coins to buy that can give you 100x returns in 2024. To learn more and make the best choice, read the detailed review about each meme coin, including their most essential features and what distinguishes them from other numerous meme coins, to discover which is suitable for you.

Base Dawgz (DAWGZ) - New Multichain Meme Coin With A Base-jumping Shiba Inu Mascot

Base Dawgz appeals to degen investors who are seeking to increase their bags amid the ongoing meme coin mania. At its core, Base Dawgz features doge-based characters like Shiba Inu, Wojak, and others with base-jumping gear. 

With this charismatic chain-hopping narrative, Base Dawgz offers investors a unique multichain experience. While it was originally built on Base, this multichain token is now active on other major chains - Solana, BNB chain, Ethereum, and Avalanche, thanks to Portal Bridge and Wormhole technologies. 

Apart from uniting the meme coin community, this standout interoperability attribute also exposes Base Dawgz to multiple types of investors. More so, the token’s multichain posture provides the opportunity for it to benefit from the growth and capabilities of multiple chains. 

Investors can interact with its ecosystem from their favorite chains. While those who prefer scalability can pick Avalanche, investors seeking more accessibility can go for Ethereum. Base is also a go-to chain for those looking for a utility-based and flexible ecosystem. 

Beyond its multichain posture, another major factor that could position Base Dawgz for market success is its doge-based origin. In the past few months, tokens in this category like Shiba Inu, Dogecoin, dogwifhat, and Bonk have enjoyed decent performances on the price charts. 

According to Jacob Bury, a crypto analyst with over 11k subscribers, Base Dawgz can also ride in the wave of the virality of doge-based tokens to become a standout performer in the next few months. 

At press time, Base Dawgz is available for as low as $0.00479. Despite launching barely a week ago, its ongoing presale has gathered close to $800k, underscoring investors’ growing confidence about its short and long-term potential. 

For those interested, visit the website of the project right now to buy $DAWGZ with major tokens like ETH, BUSD, USDT, USDC, BNB or SOL. Investors, particularly those buying from Ethereum can compound their gains by staking their tokens in the ecosystem’s liquidity pool.

For more information, follow Base Dawgz on X.

Buy Base Dawgz

Sealana (SEAL) - Seal-themed Solana Meme Coin With An Innovative Presale Model 

Sealana is another meme coin that has the potential to bring 100x gains to early birds. Sealana’s native token, $SEAL, is currently one of the best meme coins to buy during its presale stage. Sealana is based on the Solana blockchain and tells the story of an overweight and lazy American Redneck seal.

Based on that story, Sealana, in hopes of moving out of his mom’s basement, starts to trade cryptocurrency tokens. This character is based on the popular South Park character, World of Warcraft Guy. Many investors may be interested in purchasing $SEAL due to the success of several Solana-based meme tokens. 

Several investors have predicted that this meme coin will be the "next degen obsession." There is growing excitement around this meme coin with its ongoing presale netting over $3 million within a few weeks of going live. 

Practically, the presale provides an early-moving opportunity for investors to join in early and purchase $SEAL before it is listed and gains widespread awareness and adoption. According to the website, the presale will end in the next two weeks, meaning investors have limited time to gain exposure to what could be the next big thing in the Solana meme coin niche. 

Despite being a fresh launch, Sealana has already earned the backing of famous crypto YouTubers like CryptoZeus who recently tipped the token to attract the attention of prominent crypto exchanges when it launches on IEO. 

Investors can either buy SEAL through the presale widget or send SOL to a designated wallet address on the website. For those using the “send-to-wallet” style, they will receive 7069 SEAL for each SOL sent to the address. Those who prefer using the presale widget can buy SEAL for as low as $0.22 with ETH, USDT, USDC or BNB. Investors can also buy directly through their credit or debit bank card.

Follow Sealana on X. This project currently has a total of 7.4k followers on X.

Buy Sealana

WienerAI (WAI) - The Most Advanced Beginner Friendly Crypto Trading Bot

WienerAI is not only a meme coin, it's an AI-powered trading bot. WienerAI is the highest peak of AI trading technology, the universe's most powerful cybernetic entity, and the first Sausage/Dog/Artificial Intelligence to be produced. 

This project is currently gunning for “top dog” on the charts and has been featured in credible sites like Techopedia, Bitcoinist, News BTC, crypto news, Inside Bitcoin, Finbold, etc.

With its girthy predictive features, WienerAI presents itself as trader's best friend as it puts crypto traders ahead of the game by giving them an advantage over all other traders. WienerAI is more than simply a digital asset; it is the most advanced, beginner-friendly crypto trading bot ever developed. WienerAI has an enhanced AI trading interface that’s instant, predictive, and noob-friendly. 

Essentially, WienerAI is a part dog, part AI, and part sausage project. The new $WAI token also has some interesting features and benefits that have so far heightened the interest of investors. For instance, with WienerAI, traders can simply ask a question related to any of their crypto investment needs and WienerAl will use its predictive technology to scour the markets in search of a winner.

What’s more, WienerAl is a project that charges zero fees which allows investors to be able to maximize their gains. The project recently launched its presale which has raised close to $5.3 million, indicating a strong demand and a rise in investors’ interest. One $WAI is currently trading for $0.000717 and can be bought in exchange for ETH, BNB, USDT, and MATIC and can also be purchased directly with your credit or debit bank cards. 

Given its AI-based unique value proposition, well-known crypto YouTube analyst, Michael Wrubel is convinced WienerAI has all the qualities to lead the AI crypto niche in the coming years. 

Wiener AI has a total token supply of 69 billion WAI tokens. 30% of the tokens have been allocated for the presale. An additional 20% of the tokens are for staking. A further 20% of the tokens go to Community Rewards. 10% of the token supply supports DEX/CEX liquidity; the remaining 20% is allocated to marketing activities.

Follow WienerAI on X. 

Buy WienerAI

PlayDoge (PLAY) - P2E Doge Companion Game

Describing itself as a mobile Play-to-Earn doge companion game, PlayDoge made a stunning entry into the crypto market towards the end of May 2024. This unique project merges the powers of two of the most popular niches in the crypto economy - P2E and meme coin to captivate the imaginations of investors. 

In essence, PlayDoge draws inspiration directly from the iconic Japanese virtual pet game Tamagotchi. Built on the Binance Smart Chain, PlayDoge seeks to leverage its mobile-based P2E gaming initiative to transform the Doge meme into a virtual pet that players can care for in an 8-bit digital world.

A key attraction for PlayDoge is its high-definition graphics and touchscreen controls that have been put in place so that players can seamlessly interact and look after their virtual pets. Staying true to its ambition, players will receive rewards in $PLAY for training, feeding and using their pets to battle against other players.

Another exciting aspect of PlayDoge is its well-detailed roadmap which clearly explains how the project is planning to establish a strong foundation for its gaming ecosystem. One of the most anticipated products that PlayDoge is offering is an intuitive mobile app that will enable players to enjoy its fantastic gameplay even while on the move.

Recognizing its multiple upsides, popular crypto trader and analyst, TodayTrader says PlayDoge can be the driving force of a P2E economy that has been billed to reach a $665 million market valuation in 2033.

Like other top tokens in the market right now, PlayDoge has also added an element of staking into its ecosystem. With not less than 12% allocated to staking rewards, the project has shown its unflinching commitment to community engagement and rewards. 

PlayDoge is currently available to investors for a fraction of a cent and has already raised close to $3.4 million in its ongoing presale. 

Follow PlayDoge on X.

Buy PlayDoge

Pepe - The Most Memorable Meme Coin in Existence 

Pepe Coin ($PEPE) is another top meme coin to purchase in 2024, with a potential 100x return. Pepe coin was created as a tribute to the Pepe the Frog online meme, which became famous in the early 2000s. Since its inception in April 2023, Pepe coin has had a huge impact on the cryptocurrency market.

Pepe coin is a meme coin based on the Ethereum blockchain. The coin's volatility remains significant, but its strong holding base ensures market resiliency. Pepe Coin was created with a deflationary mechanism that burnt tokens with each transaction, with the goal of reducing supply and increasing value over time. However, the future of this functionality is unknown due to recent project changes.

Overall, Pepe Coin is a distinct and exciting addition to the meme coin market. With its no-tax policy, deflationary nature, and recent high performance, it has shown promise for development and success in the ever-changing world of cryptocurrencies. Pepe Coin's interaction with its community and the larger social media landscape has been critical. 

Pepe Coin is accessible for purchase on decentralized exchanges such as Uniswap, where investors may exchange ETH, DAI, USDC, USDT, WBTC, and other cryptocurrencies for $PEPE. To trade for Pepe Coin, first set up a digital wallet, then buy Ethereum or other compatible cryptocurrencies, and then use decentralized exchanges like Uniswap.

Follow PEPE on X.

Bonk - First Solana Dog Coin For The People

Bonk is Solana's social layer and community meme coin, with rich interactions as a utility token across a large base. The debut of the token corresponded, maybe not coincidentally, with the Solana blockchain’s comeback in 2023.

As the actual community coin of web3, $BONK 's utility is derived from its robust community and growing integration environment. So far, $BONK has over 120 integrations across 9 distinct chains, and its acceptance is fast increasing, with over 400,000 holders and listings on 41 different centralized and decentralized exchanges.

Bonk’s price has increased by 8977% over the last year, whereas Solana has increased by 973%, representing a remarkable return for a large-cap cryptocurrency. Bonk is listed on some of the world's largest exchanges, including Binance and Coinbase, so traders have used it to leverage their bets on the Solana ecosystem's future growth.

Additionally, Bonk has its own blockchain-based tools, such as BonkSwap and BonkBot. The project also has its own NFT collections. Time has proven that viral meme coins, particularly those with Shiba Inu themes, have unexpected staying power; therefore, it won’t be surprising to see Bonk become one of the greatest winners of the next crypto bull run, especially if the Solana ecosystem maintains its pace and attracts additional users.

Follow Bonk on X. 

FLOKI - The People’s Crypto

Floki is a community-focused platform centered around the FLOKI meme token. FLOKI was originally inspired by Elon Musk's Shiba Inu puppy, which debuted in July 2021. Following Musk's tweets, the project gained enormous support, particularly when he announced the arrival of his dog Floki, causing an immediate price increase.

This meme coin aims to be the most well-known and widely used cryptocurrency in the world, and it intends to reach this goal through a combination of meme appeal, a devoted community, aggressive marketing, and a strong focus on usability.

Floki wants to list on Venus Core Pool, which will enable holders of Floki tokens to borrow a lot more asset types (like DAI, USDC, BNB, ETH, and more) by using their tokens as collateral. This deeper liquidity will be comparable to other crypto currently available to several prominent blue chip cryptocurrencies.

In addition to improving the utility of the FLOKI token and further integrating FLOKI into the DeFi ecosystem, this deepens the market liquidity accessible to Floki by facilitating users' access to more liquidity without requiring them to sell their tokens.

FLOKI's community interaction is increasing, and the coin's inclusion into numerous utilities within its ecosystem suggests greater demand. Floki has evolved from a simple meme coin to a utility-focused asset in its expanding ecosystem, which includes ideas for a metaverse called Valhalla and a prepaid bank card.

Floki aims to offer blockchain-based play-to-earn (P2E) gaming, gift card and retail markets, and decentralized finance (DeFi) businesses. With its focus on community-oriented events like NFT prizes and practical uses, Floki is positioned as one of the most promising meme coins with the potential to yield 100x returns by 2024.

Follow Floki on X. 

What is a Meme Coin?

Meme coins are digital tokens that gain popularity because of their link with online trends. In essence, meme coins are joke coins designed for entertainment, and they frequently lack the specialized utility seen in other cryptocurrencies. These coins usually go viral and attract investors because of their appeal rather than their unique features and real use cases. The most popular meme coin is Dogecoin, which saw nearly 5000% gains in the last 5 years. 

Social media influencers, public personalities, and celebrities are typically responsible for creating buzz around meme coins. Meme coins are comparable to cryptocurrencies such as Bitcoin and Ethereum, with the primary difference being that they are heavily impacted by social media trends and viral memes. 

Investors are primarily drawn to meme coins mostly for their speculative potential. For that reason, it is recommended to be careful when investing in any meme coin project. 

Why Invest in Meme Coins?

Despite the risk involved in purchasing meme coins, investing in meme coins can be a lucrative and entertaining venture for investors who understand the risks and rewards. In this section, we highlight several reasons why you might consider investing in meme coins:

Low Barrier to Entry

Meme coins offer an accessible gateway to the world of cryptocurrency, with a lower market capitalization and trading volume that makes it easier for new investors and traders to join the cryptocurrency market. For investors looking to dip their toes into the cryptocurrency market without breaking a bank, the low barrier to entry makes meme coins an attractive option and this is one of the reasons why you should invest in meme coins. 

Limited Supply

Many meme coins have a limited or fixed supply, which makes them collectible and potentially valuable. Many meme coins are like rare collectibles and special artworks which makes their worth increase over time, potentially even bringing in 100x returns. 

The limited supply of meme coins is one of the reasons why any trader should consider investing in them as many meme coins have the potential to become the next big thing in the broader crypto market. 

Learning Opportunity

As a new crypto trader just starting, investing in meme coins can be a valuable learning experience as it teaches cryptocurrency market dynamics, trading strategies, and risk management. By navigating the volatile world of meme coins, traders will gain hands-on experience and be better at making informed decisions when tackling the wider world of cryptocurrencies. This is a very important reason why any trader should invest in meme coins. 

Fun and Entertainment 

Meme coins bring a playful twist to the often-serious world of cryptocurrency, making investing a fun experience. Investing in meme coins can be a lighthearted and humorous way to engage with the cryptocurrency market, which makes it an enjoyable experience for investors who don't take themselves too seriously and just want to chuckle their way through profits and a community who share the same sense of humor with them. 

Remember, investing in meme coins should be done with a clear understanding of the risks and rewards involved and only with money you can afford to lose.

How to Choose a Meme Coin to Invest In - Key Factors to Consider Before Buying Meme Coins

There are several factors to consider when choosing a meme coin to invest in. By considering these key factors highlighted in this guide, investors can make an informed decision when choosing a meme coin to invest in and potentially increase their chances of success in the cryptocurrency market.

Media Buzz

One of the most important factors to consider when choosing a meme coin to invest in is the online media buzz and attention surrounding the project as a high level of media coverage can indicate a strong community and potential for growth.

The media buzz and hype surrounding a particular meme coin can boost its credibility and also give investors insight into what the meme coin is about and its growth potential.

Transaction Costs

Since meme coins are mostly popular among investors with little capital and those who do not wish to break a bank, one very important factor to consider is transaction costs. Transaction costs, such as fees for buying, selling, and transferring, can eat into traders’ investment, so it is important to look for meme coins with low transaction costs or innovative solutions to minimize fees. 

This is mostly why meme coins built on Solana’s blockchain are very successful.

Roadmap And White Paper

A clear and realistic roadmap is essential for a meme coin's development and growth. So, it is important to look for meme coins with a well-defined roadmap, milestones, and a clear plan for achieving them. On the other hand, a whitepaper provides an in-depth look at a meme coin's technology, architecture, and goals. 

Also, a project roadmap and a well-written and comprehensive whitepaper can indicate a project's potential and the team's expertise. So, considering a meme coin road map and white pager is important when choosing a meme coin to invest in. 

Community

Another important thing to consider when looking for a meme coin to invest in is if the meme coin has a strong and active community. An active community is vital for a meme coin's success so it is important to look for meme coin projects with an engaging and growing community, as this usually indicates a loyal user base and potential for growth.

Regulatory Compliance

Also, it is important to ensure that the meme coin complies with relevant regulations and laws. Look for meme coins that prioritize regulatory compliance as this can reduce the risk of legal issues and as well increase its potential for long-term success.

Technicals

When evaluating a meme coin to buy and invest in, it is important to consider the technical aspects of the meme coin, such as its blockchain, consensus algorithm, and smart contract functionality. A meme coin with a robust and scalable technology stack can increase a meme coin's potential for success, thereby providing a solid base for growth and adoption.

Conclusion

To sum up, meme coins have seized the cryptocurrency world by storm, attracting investors and traders alike. The realm of meme coins investment in 2024 presents both exciting potential and distinct obstacles. 

This guide attempts to provide investors with the information they need to properly navigate this dynamic world. Key factors to consider while choosing a meme coin were also extensively discussed. 

Base Dawgz is considered the best meme coin to buy due to its multichain concept which makes it a top contender for 100x gains. Investors willing to buy DAWGZ should visit its website right now to join its ongoing presale. 

Buy Base Dawgz

 

Disclaimer: This is a sponsored article 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 is at a critical juncture. The FOMC meeting is coming up this week, and what is said there by the Fed could have a big impact on markets. If the news is good on Wednesday, Bitcoin could fly. The altcoins primed to surge with it are $ETH , $SOL , and $BNB .

When $BTC was rejected from the top of its bull flag for the fourth time in succession, perhaps some fear and doubt crept into the minds of altcoin holders. That said, for institutions that recognise the worth of the altcoins with good fundamentals, these times can be great for taking them out of the weak hands.

$ETH could surge back to $4,000

Ethereum ($ETH ) is the biggest of the altcoins, only second in market cap to Bitcoin itself. The smart money knows that the Spot Ethereum ETFs have been approved, and that it is only a matter of time before these are allowed to be traded.

Source: TradingView

The daily chart above shows that the $ETH price is currently at a good level of support at $3,700. Below this is the next support at $3,300, and finally at $3,000 down to $2,900.

Should the Wednesday inflation data remain in line with expectations, and the customary jawboning by Fed Chairman Powell not be too hawkish, the crypto market could catch a bid and $ETH could surge back up to $4,000.

$SOL at strong support

Source: TradingView

Solana is in a solid position right now. On higher time frames the level at $160 is still support. If there is good news this week, expect $SOL to move back into the descending triangle. A breakout beyond the down-sloping trend line would be extremely positive for continued bullish growth.

$BNB building price structure for move higher

Source: TradingView

$BNB is the farthest advanced of these three altcoins. The previous all-time high of $691 has already been broken, and new price discovery is just overhead. However, before entering that zone, $BNB is consolidating and building a base structure. 

It may be that the price simply bounces from $644 and goes much higher, or some more concrete price structure could be built as the price goes sideways along the support levels. Also at a very strong level of support against its BTC pair, the $BNB price is currently in an uptrend against Bitcoin.

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.

Increasingly, the Bitgert altcoin coin is getting popular with market analysts who are optimistic that the price may soon touch $0.0001 on the back of this expanding community and innovative blockchain. The thing we’ll explore here is whether Bitgert lives up to its hype.

All About Bitgert: The Next Top Altcoin

Bitgert (BRISE) is a modern altcoin token maker company that makes blockchain-based products and solutions for auditing. BRISE tokens allow investors benefits through staked-in BUSD rewards, with a repurchase feature included in the smart contract to encourage price increase and scarcity. In the 200 days since its inception, Bitgert has released several products: a digital wallet, audits, interchange, staking, trade, and blockchain. The BRISE token is listed in centralized and decentralized exchanges, the most popular being Gate.io. The overall market capitalization for Bitgert is $63,691,755, with an overall fully diluted valuation of $68,742,071. BRISE is currently trading at $0.06161 for a trading worth $10,400,701 over the last day, with a change of record-high and lowest points of $0.051842 and $0.096166. In the previous seven days, BRISE has performed lower than the international digital assets market and ETH-based altcoins.

Past 14-Day Bitgert Performance

In the past 14 days, Bitgert may have shown resilience and a promising there-after of market growth. For example, over these 14 days, its market cap has increased by 0.3% from $63,544,362 to $63,704,666. While all this sounds rather pale and tepid, it shows Bitgert keeping its value in the face of relatively strong market fluctuations during the mentioned period.

Over the 14 days, the trading volume by Bitgert significantly increased. As of June 8, this figure was equal to $10,200,601, and this value was 428.1% higher compared to that on May 25 ($1,932,085). The extremely high growth rate of the trading volume directly shows a very high rise in market interest and activity towards Bitgert.

Bitgert has held value well above the $0.00000016 price level over the 14 days, and at a few points, there have been some price fluctuations. That should paint the picture of Bitgert having gained quite a base in the market and being able to withstand short-term market dynamics.

Also, it has brought the heads of investors and traders over to its recently raised performance. Increasing volumes and a stable market cap are other telltale signs that Bitgert is making inroads and becoming a force to reckon with in this cryptocurrency world.

Conclusion

Bitgert, all in all, indicates its possibility of becoming a lucrative investment opportunity. The consistent growth of trading volume, stable market cap, and overall resilience make Bitgert a compelling strategic investment. Through proper research, market trend analysis, and staying abreast of the project's development with Bitgert, an investor can make well-informed decisions while possibly benefiting from the project's growth. Continuous monitoring with proactive portfolio management simply works on making the most of the returns for investors with Bitgert, providing firm placement for an investment yet to be diversified within the cryptocurrency space.

To know more about Bitgert, Visit https://bitgert.com

 

Disclaimer: This is a sponsored article 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.

According to the latest market data and chart insights, the crypto space has witnessed significant movements in recent weeks. This follows the market recovery from the sluggish movement in previous months. Top projects are now showing brilliant recovery and matched this year's heights already. This improvement in coin condition shows a positive market outlook in June with the booming market condition.

BEFE has not been left out in this remarkable uptrend, as it has shown signs of hitting the top with its rising value. Its fast-growing community has attained the best level of growth in the industry so far, giving experts confidence in the coin’s growth this month.

In this article, we will look at experts' opinions on BEFE in the industry and the possible future for it this month

Expert’s Technical Analysis On BEFE This Month

Analyst reports on BEFE’s technical analysis have attracted interest towards the project. Zarissa suggested a potential reverse horizon which allows BEFE to produce substantial returns. He stated that BEFE has the potential to give nothing less than 4x its current value before the end of the month and advised investors to keep a close eye on it.

CryptoJay, blockchain’s top analyst, noted that BEFE is strongly supported. This strong support level has resisted it from going down in June. He stated that it could hit a market cap of $40 before the end of June.

Aiithusa, another reputable crypto expert, observed that BEFE is forming a positive flag pattern this month, indicating an uptrend to come before June ends. She noted that BEFE is getting started for a bullish spree, and if the pattern holds before the end of the first week of June, we could see a fully blown value.

Cryptoshotnews announced that about 14 technical indicators show buy signals for BEFE this month. They stated that the number of investors utilising the project has doubled since the beginning of the month, and expectations are high regarding an uptrend.

Investors’ Expectations On BEFE

Due to experts' predictions on the coin, several investors have responded positively. This response can be seen in its growing community and increasing trading volume. There have been more buys from investors recorded since the month commenced, and this increasing demand could skyrocket its value hugely in June.

Conclusion

While BEFE looks like the perfect investment option, investors must adequately scrutinise the project before making any financial decision. Crypto enthusiasts can obtain information on it via https://befetoken.com

 

Disclaimer: This is a sponsored article 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.