Today’s market session has seen bears retake control due to the drop in the global market cap. The total cap stood at 2.33T as of press time, representing a 1.12% decrease within the last 24 hours, and the trading volume stood at $52.09B, representing a 23% drop over the last 24 hours. 

Bitcoin Price Review

However, Bitcoin (BTC) has gained some in today’s session despite the general downtrend. The recent *BTC* price movement is toward the lower band, indicating potential support around that area. If the price consistently stays near or breaches the lower band, it could signal an oversold condition and a possible reversal if other factors align.

On the other hand, the Awesome Oscillator (AO) shows a series of red bars, indicating bearish momentum. The fact that the bars are below the zero line and increasing in length suggests that the bearish pressure is strong. As of press time, the Bitcoin price stood at $63,716, representing a 1.2% increase from its previous 24-hour price.

4-hour BTC/USD Chart | Source: TradingView Ethereum Price Review

Ethereum (ETH) is also a gainer in today’s session as evidenced by its price movements. Looking at the Alligator indicator, the lines seem intertwined with no clear direction, often indicating a range-bound market or the possibility of forming a trend. The recent candles are above all three lines, indicating a potential uptrend.

On the other hand, the RSI is around 71, which is in the overbought territory. This could indicate that a correction or consolidation may follow. As of press time, the *ETH* price stood at $3,111, representing a 6.3% increase from its previous 24-hour price.

4-hour ETH/USD Chart | Source: TradingView Optimism Price Review

Optimism (OP) is among the top gainers in today’s session, as seen in its price movements. In an in-depth analysis, we see that the Optimism price is above the Supertrend line, which is green and suggests a bullish trend.

On the other hand, the Money Flow Index (MFI) is quite high at around 77.63, indicating that the market might be overbought. As of press time, the Optimism price stood at $2.68, representing a 16.85% increase from its previous 24-hour price.

4-hour OP/USDT Chart | Source: TradingView Arweave Price Review

Arweave (AR) is also a top gainer in today’s session, as evidenced by its price movements. The Arweave price is above the cloud, which is green, indicating a bullish market. The recent candlesticks are above the conversion line (blue) and the baseline (red), further supporting the bullish signal.

On the other hand, Woodie’s CCI is above the zero line, which typically indicates bullish momentum. The red and green bars represent price momentum. As of press time, the Arweave price stood at $35.68, representing a 13.15% increase from its previous 24-hour price.

4-hour OP/USDT Chart | Source: TradingView Starknet Price Review

Starknet (STRK) is another gainer in today’s session as evidenced by the price movements. The Starknet price is within the pitchfork, which provides potential support and resistance levels. The recent price action is near the median line, which might act as support.

On the other hand, the Average Directional Index (ADX) is around 24, which suggests a weak to moderate trend strength. It is not high enough to tell a strong trend. As of press time, the Starknet price stood at $1.28, representing an 11% increase from its previous 24-hour price.

4-hour STRK/USDT Chart | Source: TradingView

Saakuru Labs, a high-speed EVM-compatible L2 blockchain, has initiated a collaboration. As per the platform it is partnering with Aethir, a platform that provides infrastructure for cloud computing, to advance blockchain gaming by using Distributed GPU Infrastructure. This partnership intends to significantly improve the gaming sector. For this, it focuses on unveiling the resilient cloud server of Aethir for developers on Saakuru.

Saakuru Labs Collaborate with Aethir to Enhance Blockchain Gaming Experience

To provide the details of the collaboration, the platform shared a blog post on Medium. The respective development will reportedly improve the user experience, development, and performance of the blockchain games on Saakuru’s ecosystem. While giving insights into the project, the platform disclosed the cooperation between the Saakuru Labs as well as the game developers.

The company added that both parties are building on Sakuru Protocol’s top to leverage the cutting-edge edge technology. The platform will reportedly benefit from its collaborator’s decentralized servers for cloud gaming. They boost the capabilities of the developers working within the ecosystem of Saakuru. As a result of this, the developers can host and develop more complicated and graphically comprehensive games.

With the use of the distributed graphical processing unit infrastructure of Aethir, the developers can deal with conventional hardware limitations. This enables the players to experience high-end gaming straight from their devices. In this respect, they will be able to bypass the individual device restrictions. The partnership specifically plays a crucial role in Saakuru’s further progress.

This move indicates Saakuru’s dedication to offering infrastructure for enormous blockchain games. These games feature super-fast transfers along with low latency. Hence, this combination contributes a lot to support concepts such as completely on-chain games. This enables real-time interactions and high performance which were formerly difficult to achieve because of technological limitations.

The Joint Endeavor Sets the Stage for More Cutting-Edge Developments in the Gaming Sector

The joint effort of both entities is likely going to set a unique standard concerning blockchain gaming. The respective infrastructure supports the present demands of complicated gaming projects. Apart from that, it also leads to further advancements that could revolutionize the gaming sector. The strategic collaboration denotes a landmark in the mission of Saakuru Labs to increase global audience, scalability, and accessibility for blockchain gaming.

Welcome to this week’s crypto news review by BlockchainReporter. This week presented us a mix of events with positive news regarding blockchain projects and concerning news from the regulators. In a bold move, Consensys, filed a lawsuit against the U.S. SEC regarding the regulation of Ethereum (ETH). This lawsuit aims to prevent Ethereum from being classified as a security. Meanwhile, PayPal has partnered with Energy Web and DMG Blockchain Solutions to address environmental concerns surrounding Bitcoin mining. Additionally, Changpeng Zhao, the founder of Binance crypto exchange, faces a potential three-year sentence, underscoring the U.S. government’s crackdown on crypto platforms. Floki and Alchemy Pay have joined forces to enable fiat-based purchases of $FLOKI , while Injective launched INJ 3.0 on the mainnet, enhancing token deflation. Keep reading for details of these highlights.

Consensys Challenges SEC’s Ethereum Regulation

Consensys, a key player in blockchain technology, has taken a bold step by filing a lawsuit against the U.S. Securities and Exchange Commission (SEC). The lawsuit is regarding the regulation of Ethereum (ETH). The lawsuit aims to prevent Ethereum from being classified as a security, asserting its role as a global computing firm rather than an investment vehicle.

This move comes amidst growing concerns in the cryptocurrency community about regulatory overreach by the SEC. Consensys argues that such classification could hinder innovation and jeopardize America’s leadership in blockchain technology. The lawsuit underscores the importance of defending Ethereum’s ecosystem and calls on others in the industry to oppose what it sees as overly aggressive regulatory actions by the SEC. Recently, the impression that SEC will reject Ethereum Spot ETFs applications is becoming strong.

PayPal Teams Up for Eco-Friendly Bitcoin Mining

PayPal has joined forces with Energy Web and DMG Blockchain Solutions to address the environmental concerns surrounding Bitcoin mining. Together, PayPal and the others aim to incentivize miners to adopt cleaner energy sources through cryptoeconomic incentives.

This collaborative effort introduces a reward system for miners operating sustainably. This will encourage broader adoption of eco-friendly practices. By certifying green miners and offering lower transaction fees, the initiative seeks to promote sustainability within the crypto industry. Moreover, it will help in optimizing existing networks like Bitcoin for a greener future.

Binance’s ChangPeng Zhao Faces Potential Three-Year Sentence in the US

Changpeng Zhao, Binance founder, could be sentenced to 3 years in prison following a recommendation from the U.S. Department of Justice (DOJ). The DOJ alleges Zhao’s involvement in multiple violations of federal sanctions and funds laundering regulations. Despite Zhao’s legal team arguing for no jail time, citing his acceptance of responsibility and hefty fines paid, the DOJ insists on a strict penalty to set a precedent.

Zhao’s legal battle began recently with a guilty plea last Nov for breaching Bank Secrecy Act. His defense proposes probation with home confinement in Abu Dhabi, highlighting the lack of precedent for incarceration in similar cases. They argue Zhao wasn’t directly aware of illicit activities on Binance’s platform, suggesting the scale doesn’t warrant prison. The case underscores the U.S. government’s crackdown on crypto platforms bypassing regulatory frameworks. Zhao has garnered community support, but his sentencing, deferred to April 30, prolongs uncertainty for him and the crypto market.

Floki and Alchemy Pay Join Forces for Fiat-Based $FLOKI Crypto Purchases

Floki, the utility-focused cryptocurrency inspired by meme culture, has partnered with Alchemy Pay to facilitate fiat purchases of its token, $FLOKI . Through Alchemy Pay’s On-Ramp Service, users from 170+ countries can seamlessly acquire $FLOKI using fiat currency.

The collaboration with Alchemy Pay simplifies cryptocurrency investment, eliminating complexities associated with fiat-to-crypto transactions. Alchemy Pay’s extensive fiat payment integrations ensure user safety and accessibility, aligning with Floki’s commitment to inclusivity and usability in the crypto space.

Injective Launches INJ 3.0 on Mainnet, Enhancing Token Deflation

Injective, a leading blockchain platform, has launched INJ 3.0 on the mainnet. This move aims to transform the $INJ crypto token into one of the most deflationary assets in the crypto sphere. The announcement was made via the company’s official account on X.

INJ 3.0 introduces a reduction in the INJ token supply over time, with the decline expected to occur at an accelerated pace. Injective expresses confidence in the project’s advancement, marking the beginning of an era focused on enhancing user experience. The tokenomics system of INJ 3.0 underwent community voting, resulting in authorized changes to the mechanism. According to DeFiLlama, Injective currently holds $62.7M in total value locked.

In conclusion, this week showcased a diverse range of developments across the cryptocurrency landscape. From Consensys’s bold move challenging SEC’s Ethereum regulation to PayPal’s partnership for eco-friendly Bitcoin mining, the industry continued to witness both innovative strides and regulatory challenges. The potential three-year sentence faced by Binance’s CZ underscores the ongoing scrutiny faced by crypto platforms, while partnerships like Floki and Alchemy Pay aim to simplify cryptocurrency investment. Additionally, Injective’s launch of INJ 3.0 on the mainnet marks a significant step towards enhancing token deflation. As the crypto ecosystem evolves, stay tuned for further updates and insights into the dynamic world of blockchain technology.

In the ever-evolving sphere of cryptocurrency, whispers of the next big opportunity for life-altering gains spread like wildfire. Amidst this enthusiasm, one crypto millionaire hints at the gateway to unprecedented wealth.

Their story might inspire you if you are unsure what crypto to buy.

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From Warehouse to Wealth: How Rob Became a Crypto Millionaire in Six Months

Meet Rob, a former supermarket warehouse manager turned crypto millionaire in just six months. At 35, he’s already retired, thanks to a risky $8,000 bet he made on Shiba Inu, the popular meme coin. Rob’s journey to riches began with a simple desire: to secure a better future for his partner and son.

Intrigued by the potential of cryptocurrencies, he stumbled upon Shiba Inu (SHIB) in August 2020 and dove into its 28-page white paper, finding himself captivated by its promise. “After reading that, I was hooked. I just believed the words,” he recounted. Slowly but surely, Rob invested $8,000, expecting modest growth. Yet, as the coin’s value surged in May, he watched in awe as his investment multiplied.

Checking his account hourly to confirm his gains were real, Rob reflected on his humble beginnings, noting, “I come from quite a poor background. I could never have even fantasized about having this much money.” But for Rob, this newfound wealth wasn’t just a dream—it was a tangible reality. Cashing out $500,000 of Shiba Inu, he deposited it into his bank account, only to see his earnings soar past $1 million as SHIB continued its upward trajectory. Whether or not this millionaire will venture into DTX Exchange, a token attracting investors in their droves remains to be seen. However, the father-son duo say they were happy with their earnings despite having cashed in too soon.

In other SHIB news, a crypto investor who acquired $7,850 worth of Shiba Inu coins shortly after its debut in 2020 recently ascended to billionaire status. Within 14 months, another trader amassed a staggering $5,414,700 million by purchasing approximately 70 billion Shiba coins in just one day, positioning Shiba Inu (SHIB) as a top crypto to buy.

However, amid these tales of prosperity, it’s crucial to recognize the inherent volatility and risk associated with cryptocurrencies. Unlike traditional investments, the unregulated nature of crypto leaves investors vulnerable without regulatory protection, heightening the stakes of financial loss.

The absence of a guaranteed liquidity pathway further compounds concerns, as evidenced by the plight of a trader who fell victim to a cryptocurrency scam, losing nearly $500,000. Similarly, an investor’s well-intentioned advice to their aunt to invest $200,000 in Shiba Inu resulted in substantial losses within 24 hours.

These cautionary tales serve as reminders of the unpredictable nature of the crypto market and the importance of exercising prudence and diligence when deciding what crypto to buy.

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Grayscale Investments, a prominent crypto asset management platform, has recently announced some job openings to add qualified candidates. On its X account, the platform open-handedly invited individuals who have the proper tech qualifications to be a part of Grayscale. The recent post on the platform revealed that the company is offering jobs in a variety of departments.

We're constantly seeking qualified candidates to join the Grayscale team! Browse available opportunities on our job board:https://t.co/J99Mf6gerM pic.twitter.com/Dt1olR2bRf

— Grayscale (@Grayscale) April 27, 2024

Grayscale Offers Exclusive Jobs for Well Qualified Personnel

On the official website of Grayscale, the company has mentioned all the currently available jobs. The recent jobs include 4 major job positions related to ETFs. These jobs include Director National accounts, Market Leader, Portfolio Consultant, and Senior Associate ETF Products. All these jobs are available in the Satmford office in the US.

Grayscale Investments operates as the biggest digital asset management company. With its diverse group of investment products, the platform enables exposure and access to the digital asset class. As per the company, it provides the respective access as well as exposure as a conventional security.

In this way, the platform does not pose any complications or difficulties to the users for the digital asset activities. As a result of this, the clients can leverage the direct storage, purchase, and safekeeping of digital assets. Hence, the respective facilities increase user confidence and the adoption of the platform’s services.

With the help of such services and products, the company has been maintaining its significant position within the market. It reportedly has a resilient track record of matchless user experience in comparison with the other fellow entities. The products that Grayscale provides work within the regulatory frameworks that are currently implemented. This brings a compliant and secure exposure for the whole class of investors.

The Jobs Expand beyond ETFs to Turn the platform into an All-Inclusive Hub

The job postings are not limited to ETFs. The company additionally requires a compliance analyst, an associate for internal controls, a paralegal expert, and an analyst for operations. Moreover, the other jobs take into account product manager, IT director, quant developer for digital assets, graphic designer, and field marketing manager. Meanwhile, ETF-related jobs include senior associate for ETF products, portfolio consultant, market leader, and director of national accounts.

The landscape of crypto wallets is evolving, with recent data from Santiment highlighting some intriguing trends amidst fluctuating market conditions. According to their latest analysis, the number of non-empty Bitcoin wallets continues to increase, suggesting a sustained or growing interest in the most dominant cryptocurrency, despite its price volatility. This rise contrasts with the trends observed in wallets for some altcoins, which appear to have plateaued following significant increases earlier in the year.

Bitcoin, often regarded as a digital gold standard in the cryptocurrency world, seems to be experiencing a silent yet steady growth in its user base. The resilience of Bitcoin wallet activity could be reflective of a deeper trust in its long-term value or a strategic positioning by investors aiming to capitalize on potential future upswings in its market price. This growing number of engaged users underscores Bitcoin’s unwavering appeal, even as the crypto market navigates through waves of uncertainty.

The total amount of non-empty #Bitcoin wallets are rapidly growing despite choppy prices. #Altcoin wallets for assets like #Dogecoin have flattened after enormous rises earlier this year. #Cardano is one of the few networks to see active wallets drop. https://t.co/itg9qMes7c pic.twitter.com/yrOlEQw3jy

— Santiment (@santimentfeed) April 27, 2024

Divergent Trends in Altcoin Wallet Activity

On the flip side of the crypto spectrum, altcoins such as Dogecoin have seen their wallet activities stabilize. After the dizzying heights reached by meme coins and various altcoins earlier in the year, which were fueled by viral trends and a general market euphoria, the normalization in wallet numbers could indicate a maturation of investor sentiment towards these assets. 

This stabilization might suggest that the initial surge in interest is being tempered by a more cautious approach from investors, wary of the volatility that often accompanies such assets.

Interestingly, Cardano (ADA) presents a unique case among its peers. Unlike Bitcoin and Dogecoin, the number of active Cardano wallets has declined. This drop could be linked to several factors, including market dynamics, investor sentiment shifts, or even developments within the Cardano network itself. 

Cardano has been known for its rigorous approach to development and potential scalability solutions, which could also play a role in the fluctuating number of active users as upgrades and new functionalities are implemented.

Implications for the Crypto Market

These differing trends across major cryptocurrencies highlight the diverse dynamics at play within the broader crypto market. For investors and market analysts, understanding these patterns is crucial for making informed decisions. 

The increase in Bitcoin wallets demonstrates a potential strengthening of foundational support for cryptocurrencies during uncertain times, while the fluctuations in altcoin activities could signal shifting market paradigms and investor strategies.

As the crypto environment continues to evolve, tools and analyses provided by platforms like Santiment are invaluable. They offer a granular look at the shifts in participant behavior and asset performance, essential for navigating the complex and often unpredictable cryptocurrency landscape. As we move forward, monitoring these trends will be pivotal in predicting the directions various digital assets might take and the overall market health.

HashPack, a prominent wallet that operates on the Hedera Wallet platform, has recently announced an exclusive update. As per the project, it is launching the v9.9.0 version update to facilitate the consumers with several new features, enhancing the user experience. On its official X account, the wallet disclosed that it has formally launched the respective update.

HashPack v9.9.0 Token Swap V2 & Token Detail Update is now live!We've spent the last little while heavily upgrading our swap system.We now support @SaucerSwapLabs V2 pools as well as multi-hop. This should result is less swap failures and more competitive quotes.You'll… pic.twitter.com/zWVmCtXhQc

— HashPack Wallet (@HashPackApp) April 27, 2024

HashPack Wallet’s New Update Includes More Effective and Rapid Operations

In its latest post, the project revealed that it has spent the recent time paying attention to the latest upgrade. In this respect, it has significantly focused on improving the swap mechanism of the platform. The latest update is reportedly quite beneficial for the clients as the wallet’s compatibility has increased to a great extent.

The HashPack wallet noted in the post that its support has expanded to SaucerSwap Labs (a non-custodial open-source trading protocol). Keeping that in view, the wallet will potentially experience minimized swap failures. In addition to this, the wallet platform will also go through additional competitive quotes.

The company added that, apart from the above-mentioned features, the consumers will also witness rapidity. This means that the wallet operations will become comparatively swifter than their previous status. While discussing the latest upgrade, the platform asserted that the wallet needed the respective upgrade for some time. The new update is the initial step that paves the way for a few of the enthusiastic DeFi features.

The Users Can Utilize the Upgrade by Restarting the Browser and Installing the Latest Chrome Extension

In line with this perspective, the upgrade is potentially making a strong contribution to the further progress of the wallet. Along with that, it stated that the platform had also been endeavoring to include additional information concerning the tokens. The respective information includes the trade history and total value locked. According to the platform, the users can restart their browser to leverage the update by installing the exclusive Chrome extension.

The crypto universe is consistently abuzz with the movements of its most prominent figures, and recent activities linked to Justin Sun, the founder of Tron, have once again drawn the spotlight. 

Insights from the on-chain analytics platform, Lookonchain, suggest significant financial maneuvers that may indicate a strategic shift for the cryptocurrency pioneer. Understanding these transactions provides a window into the strategies employed by high-profile crypto investors in navigating the volatile market landscape.

A New Financial Play?

Justin Sun, a well-known entity in the cryptocurrency world, appears to be making significant changes to his investment strategy, according to Lookonchain. Recently, a new wallet associated potentially with Sun has made substantial withdrawals from the prominent exchange Binance. 

This move involved the transfer of 95.67 million USDT and 7,402 ETH, which is approximately valued at $23.3 million. Such a shift not only underscores a possible strategic diversification but also highlights the fluid nature of asset management in the crypto sphere.

Did #JustinSun change a new wallet?A fresh wallet withdrew 95.67M $USDT and 7,402 $ETH($23.3M) from #Binance today.This is similar to the previous transaction behavior of 2 wallets that withdrew large amounts of $ETH and stablecoins from #Binance.https://t.co/qBsVs3jbnd pic.twitter.com/Gqvd9mStBn

— Lookonchain (@lookonchain) April 27, 2024

The recent transactions echo Sun’s previous behavior on the blockchain, where significant amounts of ETH and stablecoins were moved, indicating a pattern that Lookonchain has tracked over time. 

This consistency in transaction patterns may suggest a calculated financial strategy, perhaps in anticipation of market shifts or as part of a broader asset allocation adjustment. The involvement of large sums underscores the impact such moves can have on market perceptions and the potential ripple effects across the crypto ecosystem.

Contextualizing Sun’s Moves within Broader Market Trends

The timing of these transactions by Justin Sun through his potentially new wallet is particularly noteworthy. They follow his earlier large-scale purchases of Ethereum, as previously reported by Lookonchain. 

This continued accumulation of *ETH* could be interpreted as a strong belief in Ethereum’s long-term value, especially in a time when the market is recovering from various fluctuations. Analyzing these moves could provide investors and market watchers with insights into possible future trends and the confidence major players have in specific cryptocurrencies.

Such significant financial activities are not just a matter of personal asset management for figures like Justin Sun but also serve as indicators for the broader market. 

Each transaction by high-profile individuals is closely watched and can influence market sentiment, potentially leading to shifts in investor behavior. Furthermore, these moves highlight the importance of transparency and the role of analytics platforms like Lookonchain in providing the crypto community with real-time, actionable data that can inform investment decisions.

Today’s market session has seen bears control markets due to movements in the global market cap. The total cap stood at $2.33T as of press time, representing a 1.8% decrease over the last 24 hours. The trading volume also dropped by 20% within the same period to stand at $63.18B.

Ethereum Price Review

Ethereum (ETH) has fallen prey to today’s bear sentiment, as evidenced by its price movement. In-depth analysis shows that the Bollinger Bands, which seem to be narrowing, indicate decreased volatility. The Ethereum price fluctuates around the middle SMA band, suggesting a lack of strong bullish or bearish momentum.

On the other hand, the Money Flow Index (MFI) is around 42, which is in the neutral territory, neither indicating overbought nor oversold conditions. As of press time, the Ethereum price stood at $3,173, representing a 1.3% increase from its previous 24-hour price.

4-hour ETH/USD Chart | Source: TradingView Wormhole Price Review

Wormhole (W) is another gainer in today’s session as it emerges among the top gainers. Looking at an in-depth analysis, we see that Wormhole price charts display the Alligator indicator with the jaw, teeth, and lips lines, showing a sideways movement, as the lines are intertwined, suggesting a consolidation phase without a clear trend.

Conversely, the Awesome Oscillator (AO) hovers around the zero line with small bars, further confirming the market’s indecisiveness. As of press time, the Wormhole price stood at $0.6111, representing a 2% increase from its previous 24-hour price.

4-hour W/USD Chart | Source: TradingView Optimism Price Review

Optimism (OP) is also among the top gainers in today’s session, as its price movements show. Analyzing Optimism price charts, we see that the Ichimoku Cloud is featured here, with the Optimism price currently below the cloud, which may indicate a bearish outlook. However, the cloud ahead is thinning, suggesting the trend may weaken or reverse.

On the other hand, looking at indicators, we see that the Average Directional Index (ADX) is at 37.98, indicating a relatively strong trend. However, given the price position concerning the Ichimoku Cloud, it’s a bearish trend. As of press time, the Optimism price stood at $2.38, representing a 1.92% increase from its previous 24-hour price.

4-hour OP/USD Chart | Source: TradingView Uniswap Price Review

Uniswap (UNI) also posted some notable gains in today’s session, as evidenced by its price action. Analysing Uniswap price charts, we notice a Supertrend indicator is applied, currently signalling a bearish trend as the price is below the Supertrend line.

On the other hand, the Commodity Channel Index (CCI) shows a recent return from oversold territory, indicating potential buying pressure entering the market. As of press time, the Uniswap price stood at $7.73, representing a 1.31% increase from its previous 24-hour price.

4-hour UNI/USD Chart | Source: TradingView The Graph Price Review

The Graph (GRT) is another top gainer in today’s session as evidenced by its price movements. Looking at an in-depth analysis of The Graph price charts, we see an Auto Pitchfork tool is used, which shows price consolidation within the pitchfork, suggesting a balanced market between supply and demand.

On the other hand, the Money Flow Index (MFI) is just above the middle at 51.92, which is neutral and does not show any clear overbought or oversold conditions. As of press time, The Graph price stood at $0.2642, representing a 1.76% increase from its previous 24-hour price.

4-hour GRT/USD Chart | Source: TradingView

L2scan, a widely known platform for all tiger networks, is excited to announce its strategic partnership with B² Network, the world’s most prominent practical Bitcoin Layer2 Network. This partnership is a gigantic step forward as L2scan becomes the block explorer for the first time on the Layer 2 Bitcoin B² Network. The rollup block explorer is employed with AI technology by L2scan, providing users with summary and query chat options.

Strategic partnership with B² Network Starting today:1⃣ We are the official block explorer provider for the #Bitcoin Layer 2 B² Network.Explore here: https://t.co/zyaVMExJAf2⃣ L2scan will be the official dApps portal for the @BSquaredNetwork Ecosystem.We encourage… pic.twitter.com/xLNRgsZNQw

— L2scan (@l2scan) April 27, 2024

L2scan Enhances User Experience with Stronger Collaboration

AI-powered exploration is a stand-out feature of L2scan, made possible by AI technology. It is an essential feature that makes it easier for users to explore relevant information and navigate the platform with ease. L2scan also runs on Community. L2scan supports a community-powered environment where the UI is simplified and dev-tools strengthened to improve collaboration.

The project is transparent and open. Users can see the platform’s codebase since the system is open-source. L2scan is personalized. It means that users can customize their interaction with the system depending on their preferences.

A ranking system based on wallet address is also another feature of L2scan that provides insight into the engagement of user wallet addresses. The platform allows users to keep track of wallet addresses and the overall trend in the network. The data is also real-time, which means the rankings are regularly updated to the latest.

L2scan and B² Network Enhance Layer 2 Network Navigation

In the exploration of decentralized applications, trust and reliability are of the importance. L2scan seeks to rewrite this narrative through the incorporation of verified listings and real-time metrics. The projects availed on L2scan are registered by the project owners.

Moreover, the dApps data is verified at the time of listing to landscape any scam. Data and rankings on L2scan are generated on chain data straight from dApp smart contracts. L2scan, in collaboration with the B² Network team, are poised to fuel innovation and development across the blockchain space.

The partnership is dedicated to ensuring that the exploration of Layer 2 Networks in B² Network is safe and guided. The advanced features, clear processes, and reliable data by L2scan in collaboration with B² Network will make Layer 2 navigation easier and safer in the Bitcoin ecosystem.

As the Shiba Inu (SHIB) community braces for the imminent Shibarium hard fork, a flurry of activity has gripped the ecosystem, resulting in a remarkable escalation in the burn rate of the beloved meme coin. This surge in burning activity, accompanied by a notable reduction in the circulating supply of SHIB, underscores the fervent anticipation surrounding the impending upgrade and highlights the proactive engagement of SHIB enthusiasts.

Shibburn, a prominent wallet tracking platform, has provided insights into the recent surge in SHIB burning, revealing a significant outflow of meme coins from the circulating supply. This surge coincides with the announcement by the SHIB team regarding the forthcoming Shibarium upgrade, slated to be implemented in less than a week.

According to the latest data from Shibburn, the SHIB community has exhibited remarkable fervor over the past 24 hours, collectively disposing of an impressive 44,801,216 Shiba Inu meme coins. This surge in burning activity has propelled the daily SHIB burn rate to skyrocket by an astounding 835.28%. Noteworthy among these burns are three substantial transactions, totaling 35,852,170, 6,261,928, and 1,000,000 SHIB, respectively, all directed towards unspendable blockchain addresses.

Cumulatively, the Shiba Inu community has successfully burnt a staggering 410,726,100,388,767 SHIB tokens, while the total circulating supply currently stands at 589,273,899,611,232 SHIB. The 419 trillion meme coins have been irreversibly locked away in the SHIB burn wallet, which now boasts the largest-ever amount of SHIB, as confirmed by the Arkham Intelligence platform.

A New Dawn for SHIB Ecosystem

The heightened activity in SHIB burning coincides with the recent announcement made by the official X account of the Shiba Inu token, disclosing the scheduled hard fork of the Shibarium chain on May 2. This significant upgrade promises to enhance the speed of new block production and introduce predictable transaction fees, ensuring fair and equitable treatment for all users.

Moreover, the Shibarium hard fork is poised to unlock a myriad of opportunities for users, streamlining their interaction with the Layer-2 blockchain. In addition to the anticipated hard fork, positive developments continue to unfold within the SHIB ecosystem, with reports confirming a successful fundraising endeavor. The SHIB team recently secured an impressive $12 million to fuel the development of a Layer-3 blockchain atop Shibarium, aimed at fortifying security and privacy for users and their transactions.

1/ SHIBARMY, we are on the brink of a transformative upgrade for Shibarium. Through an upcoming hard fork expected to go live on May 2nd, we're introducing a suite of new features designed to enhance user experience and empower our community of innovators and developers.

— Shib (@Shibtoken) April 25, 2024

As anticipation mounts for the Shibarium hard fork, the SHIB community remains resolute and actively engaged, contributing to a surge in burning activity and laying the groundwork for further advancements within the ecosystem. With significant upgrades on the horizon, the Shiba Inu token ecosystem is poised for continued growth and innovation in the dynamic landscape of decentralized finance (DeFi).

Privasea, the leading company in AI data security, is excited to unveil the collaboration with Zama, the pioneering open-source cryptography company known for its innovative Fully Homomorphic Encryption. The Partnership embodies a transformative shift in the AI data security sector as Privasea and Zama combination to set the new bar for security in blockchain and AI data protection.

Big news! We're excited to announce our partnership with @zama_fhe! Together, we're setting a new standard in #AI data security with Fully Homomorphic Encryption. This collaboration brings Zama's cutting-edge #FHE solutions and our #DePin + AI network powered by FHEML. pic.twitter.com/TFUx5IEYoo

— Privasea (@Privasea_ai) April 27, 2024

Privasea and Zama Lead the Way in Data Encryption

An increasing concern in today’s digital era, where AI technologies have become widespread, is data security. As one of the founders of advancing machine learning while considering the need to implement secure security measures, Privasea has stood at the forefront by Fully Homomorphic Encryption. Through this technology, as recorded below, Privasea collaborates with Zama to safeguard its AI network and reassure the security of data handled in its platform.

Privasea AI Network is an impressive system meant to ensure end-to-end security in the process of AI calculations. The platform is supported by investment from Binance Labs and Softbank-backed incubator Tanelabs. Through FHE, the platform can perform computations in selected data while fully encrypted and in the absence of the need for decryption.

In contrast, Zama works on making them advanced. They also develop FHE solutions to enable developers to securely encrypt data through blockchain and AI. This startup completed a Series A financing cycle by raising a total of $73 million. The solution is expected to popularize FHE considerably in blockchain and AI.

Zama has technical knowledge that anyone can communicate with. Additionally, the team has constructed a user-friendly complete library collection that benefits novices and professional developers. As a result, they enable encryption that is easy and fast for the first time.

Privasea, Zama Pact to Redefine AI Data Security

The collaboration between Privasea and Zama will constitute a landmark in the arena of AI data protection. The partnership will establish a new applicant in AI data privacy by integrating FHE technology from Zama and Privasea’s AI network.

They will also seek real-world applications of FHE through the development of machine learning encryption while also concentrating on AI by strengthening privacy and security in all domains. Perhaps the most thrilling part of the contract is that the algorithms can be fused. In other words, Privasea and Zama may combine their technologies, resulting in excellent improved secure sharing for either of the firms.

In the dynamic world of cryptocurrency, the concept of presales stands as a gateway to promising investment opportunities, often serving as a precursor to the launch of groundbreaking projects. As we venture into Summer 2024, the spotlight illuminates Algotech and BlockDAG, emerging as the best crypto presales. Amidst a flurry of contenders, including Mega Dice and Scorpion Casino, Algotech and BlockDAG stand out for their innovative approaches and potential for substantial growth. Let’s dive into factors establishing Algotech and BlockDAG as the best crypto presales in spring 2024.

BlockDAG (BDAG): A captivating presence in the cryptocurrency space

With over $20.3 million raised so far in presale, BlockDAG is shooting itself to the top in preparation for its launch and has merged as one of the best crypto presales in spring 2024. BlockDAG, inspired by Bitcoin and Kaspa, is presenting itself as the world’s most advanced layer 1 blockchain. A cutting-edge Proof-of-Work (PoW) algorithm that delivers industry-leading speeds, unbeatable security, and high decentralization. Built for the future, BDAG could power everyday applications to enterprise-grade DeFi protocols. With the power to mine from anywhere, BDAG makes crypto mining simple, for everyone.

With such astute promises, investors are drawn to its premises. It is currently valued at $0.006 and is predicted to provide investors with over 30,000 ROI on its launch. 

Algotech (ALGT) races to the top as one of the best crypto presale in 2024

Spring 2024 is rife with innovations and among them, Algotech (ALGT) is leaving its mark on investors after garnering over $3.9 million in its presale, valued at $0.08 per token. It is touted to be one of the best crypto presales this year and is predicted to surpass its current limit upon launch. 

Algotech (ALGT) is an algorithmic trading platform that leverages artificial intelligence to create intelligent trading strategies that combat the challenges of traditional trading. Giving a better trading experience is something anyone can offer, however, Algotech takes it a step further. They have made valuable investments into H1 GPU’s, a modern technological advancement made by the technology giant NVIDIA. Algotech also possesses a plethora of algorithmic strategies like mean reversion and trend following that make analysis and setting trades a breeze for investors and traders. 

Why should investors turn their attention to ALGT and BDAG?

Innovation is the lifeblood of any industry, the cryptocurrency industry inclusive. ALGT and BDAG have emerged on top as two of the best crypto presales in 2024, beating counterparts like Mega Dice and Scorpion Casino. More than promise, they have shown investors that they are capable of generating massive returns with their recent presale funding success. 

Upon launch, they could become indispensable assets to the cryptocurrency industry, creating reliance and sustainability. Since every transaction is reliant on blockchain technology, investors can be assured of their transparency as well. Both ALGT and BDAG present a profitable reality for investors. 

Key takeaways

Among others, ALGT and BDAG have leveraged the advantage of their innovation to draw in massive amounts for their presale. As the date of their launch draws nigh, investors are encouraged to take this chance. To learn more about Algotech, visit the Algotech presale website or join the Algotech community.

BEFE Coin displays good signs of rising sharply. According to market analysts, this cryptocurrency may touch the milestone of $0.01 within quite a short duration. A bullish run in this cryptocurrency indicates broader acceptance and potential in the scope of digital currencies. Investors are eagerly looking forward to its development.

Fundamentals of BEFE

BEFE, the new meme-based altcoin on the market, has shown good activity: $0.0001447 with a 9.4% rise over the past 24 hours. This token has shown a 1.2% rise over the past week, meaning it still ranks among those rare assets that keep showing resilience at a time when the whole market is tossed up. This is way ahead of the global cryptocurrency market, which showed a loss of 3.00% and was also similar to the performance observed with other BNB Chain Ecosystem cryptocurrencies. BEFE reached its all-time high at $0.001128 about four months ago, pointing towards an astonishing peak, but it is currently being traded at a value of 87.22% lower. Although there has been a slight drop in market activity recently, as indicated by 7.30% in the last 24 hours trading volume to $264,846, the fully diluted valuation stands at $14,444,671. Major exchanges where trading of BEFE tokens takes place are Pancakeswap V3 (BSC) in decentralized exchanges and AscendEX (BitMax) in centralized exchanges, where the most trading activity is taking place at the BEFE/WBNB pair.

Last Month’s BEFE’s Performance

During the last month, BEFE recorded some eye-catching movements in trading volume and price, important for active participation in the market and may influence growth. The price was at $0.00048033 on March 28, 2024, while the value of BEFE reached its peak on April 6, 2024, with the price reaching $0.00045260—thus registering an impressive rise of nearly 16% from the opening price registered on April 5, 2024. Up to April 7, 2024, its highest price stands at $0.00041845; this kind of bullish performance has persisted.

Trading volume of BEFE also showed optimism since its highest at $454,794 was reached on April 5, 2024, with an active transaction by investors. Meanwhile, the highest price for the month was recorded during the day at $0.00051537 on the 4th of April, 2024, with an impressive up-move of 12.3% from the prior day’s close, sending encouraging signals of gaining further strength in the investor interest to speculate on the digital token.

Decoding the X Factor

What sets BEFE apart from other meme coins, such as DOGE or PEPE, is its solid community and reliance on meme culture, all of which raise the profile and desirability of BEFE among the young investor demographic. It also managed to capture the whimsical and viral nature of internet culture in BEFE, marking the asset as yet another pretty unique player in the market.

Is BEFE Good for Purchase?

Investors are advised to proceed with caution, hence conducting their market analysis before deciding to invest in any cryptocurrencies, including BEFE. Naturally, investments in memecoin are highly volatile, and hence one has to be aware of the trends in the market and the risks involved with the investments.

Bitgert is now in the limelight in the cryptocurrency assiduity due to its quick growth recorded within the short period of actuality in the request. The swell in demand for it’s apparent in the growth situations of Bitgert. 

Bitgert has made an appetizing uptrend in the last few months, showing that investors are buying at a rapid-fire pace. 

Due to the position of interest it has gathered across the space, Bitgert is now viewed as the coming big thing in crypto and has been sloped to overcome numerous other top systems. The continuous growth of Bitgert has made many believe there is more uptrend to come for it as it is tipped to hit over 2000% growth 

Partnership, Pushing Bitgert To The Top

Bitgert has accommodated more serviceability through expansion by offering smart contracts and other Defi related services for investors to make unresistant income from. 

Bitgert partnership with the likes of Onus and numerous others further has pushed Bitgert to a wider followership. Now, numerous investors have knowledge on what they stand to profit by exercising its immolations. This has touched off further relinquishment amongst investors in the space. 

Bitgert also partnered with Forward is apparent in this as it has helped formulators produce customizable web3 dapps, giving formulators access to a better part of web3. The icing on the croquette is the fact that investors can enjoy the scalability and interoperability that comes with partnering with Bitgert. This cooperation have proven veritably important as it’s one of the driving factors of Bitgert to the top  

Technological Advancement Of Bitgert, Triggering Visible Growth

Bitgert is designed so investors can enjoy blockchain- related services at top effectiveness. This technological advancement also ensures transparent and top- notch security for the design. 

It managed to find results to the issue of gas freights disturbing numerous investors in the crypto space by creating a gas figure-free ecosystem. It’s possible to conduct any sale without worries of inhibition. 

Its scalability is also unmatched as it’s one of the fastest in the ecosystem that processes deals without wasting time. Investors have been suitable to honor this eventuality, and this has resulted in high demand for the design. 

The technological advancements of Bitgert makes it stand out from others and this has attracted more investors across the industry leading to the uptrend being experienced and many has tipped it to hit over 2000%

Conclusion 

The unique nature of Bitgert has made it investors favorite and the hottest trending cryptocurrencies at the moment. Bitgert has shown how essential it’s to have real world serviceability that will fluently be a boost to project growth leading to the hype around it tipping it to hit high. Investors should always flash back that DYOR is veritably important. Get more information on it here.

Bitcoin remains within a broad trading range, reflecting uncertainty about its next major move. Analysts are excited by the transfer of $1.3 billion in USD Coin to Coinbase by large holders, anticipating that these funds will be used to purchase Bitcoin and Ether.

It’s not just Bitcoin and Ethereum attracting significant investment. CoinShares’ head of research, James Butterfill, noted in a recent report that 15% of surveyed institutional investors have invested in Solana, a notable increase from none in January.

Mark Yusko, CEO of Morgan Creek Capital, discussed in an interview on The Wolf Of All Streets podcast that approximately $300 billion from baby boomers’ wealth is expected to flow into digital assets within the next year. This influx could potentially raise the total cryptocurrency market capitalization to $6 trillion.

Will buyers be able to prevent bears from further driving down the price in Bitcoin and other cryptocurrencies? Let’s delve into the charts of the top 5 cryptocurrencies to discover more.

Bitcoin (BTC) Price Analysis

Recently, Bitcoin has been trading beneath its moving averages, but there has not been a significant drop to the key support level at $61K, indicating a reduction in selling pressure at lower prices. As of writing, *BTC* price trades at $63,012, declining over 1.2% in the last 24 hours.

BTC/USDT Chart On TradingView

Currently, the price is oscillating between the 50-day simple moving average at $65,404 and the important support at $60,775. The 20-day exponential moving average at $63,385 is beginning to decline, and the relative strength index (RSI) is below the midpoint, slightly favoring the bears.

If the price decisively falls below $61K, it could trigger a decline towards the 61.8% Fibonacci retracement level at $59,484.

Conversely, if the price can ascend past the 50-day SMA, this bearish outlook would be invalidated in the short term. The BTC/USDT pair might then rise to $73,777, challenging the critical resistance level that bulls need to breach.

Ethereum (ETH) Price Analysis

Ether has been fluctuating within a narrow range, trading between the 20-day EMA ($3,124) and the support level at $3,056 over recent days. Sellers are strongly defending a surge above the immediate Fib channel. As of writing, *ETH* price trades at $3,118, declining over 0.3% in the last 24 hours.

ETH/USDT Chart On TradingView

This period of limited movement is expected to end soon. A break above the 20-day EMA could propel the ETH/USDT pair towards the 50-day SMA ($3,300), which might temporarily hinder further gains, though a breach is anticipated. Subsequently, the pair could ascend to $3,679.

On the other hand, a downturn that pushes the price below $3,056 would indicate that bearish forces have taken control. This could lead to a retest of the vital support at $2,852. A further drop below this point could drive the price down to $2,700.

Golem (GLM) Price Analysis

GLM has finally made a strong breakout after consolidating around the $0.39 mark. Buyers continued to break above resistance channels and are now aiming for a new higher high in the coming hours. As of writing, GLM price trades at $0.53, surging over 40% in the last 24 hours. 

GLM/USDT Chart On TradingView

Nonetheless, it is encouraging to see that the bulls remain engaged rather than exiting at higher levels. The price might retreat to the moving averages in the short term, which are expected to provide support. A strong rebound from these averages could increase the likelihood of breaking above $0.57. If achieved, the GLM/USDT pair could rise to $0.64 and potentially reach the target of $0.76.

Conversely, if the price falls below the moving averages, it suggests that buyers are in a selling mode.

aelf (ELF) Price Analysis

ELF price is currently trading around its 20-day Exponential Moving Average (EMA) at $0.62, with bulls seeking stability at the uptrend line. The price surged and touched a high of $0.67, where bears put up a strong defense. As of writing, ELF price trades at $0.635, surging over 9% in the last 24 hours.

ELF/USDT Chart On TradingView

Should the price rebound from the current level and surpass $0.67, it would indicate a weakening of bearish momentum. In this scenario, the ELF/USDT pair might aim for a rise to the 50-day Simple Moving Average (SMA) at $0.73, and potentially advance to $0.77.

Conversely, if the price declines further and falls beneath the moving averages, it would signal that bears are dominating the market. The pair could then drop to $0.55, where strong support from the bulls is anticipated.

Solana (SOL) Price Analysis

Solana was rejected at the overhead resistance of $145 on April 27, suggesting bearish activity at higher price levels. This has resulted in a plunge toward the low of $130; however, buyers are currently consolidating the price. As of writing, *SOL* price trades at $136, declining over 4% in the last 24 hours.

SOL/USDT Chart On TradingView

The 20-day EMA ($138) is gradually declining, and the RSI is in the negative territory, indicating a bearish advantage. The SOL/USDT pair might retreat towards the robust support at $126. A strong bounce from this level would suggest a potential consolidation between $126 and $162.

A bullish signal would emerge with a breakout and close above the 50-day SMA ($159), potentially paving the way for a rally towards $205. Conversely, a breach below $126 could drive the pair towards $100.

The cryptocurrency market has recently witnessed a significant surge, led by industry giants like Bitcoin and Ethereum, showcasing notable year-to-date (YTD) gains of 48.9% and 36%, respectively. This upward trajectory contrasts starkly with the performance of certain altcoins such as XRP and ADA, which have seen declines of 15% and 21% YTD, according to data from the analytics platform Santiment. 

This divergence in performance suggests that despite the overall market bullishness, there are undervalued assets with potential for substantial rebounds.

The broader bull market cycle that started in late 2023 has propelled Bitcoin to surpass its 2021 all-time high, catalyzing optimism across the crypto sphere. However, not all digital assets have participated equally in this rally. 

A report by Colin Wu, a prominent Asian-based cryptocurrency reporter, highlights a list of the top 37 cryptocurrencies that have experienced negative growth this year, pointing to significant discount buying opportunities amidst the market’s growth.

We counted 37 tokens among the top 100 tokens by market value that have fallen in price this year. During the same period, BTC +48.9% and ETH +36.4. Among them, STRK -50% ORDI -45% EGLD -41% MINA -38% BSV -37% ARB -31% INJ -28% MATIC -27% had the largest decline. pic.twitter.com/c9GrB1GIx2

— Wu Blockchain (@WuBlockchain) April 27, 2024

Altcoins at a Discount: A Closer Look at Market Dynamics

Leading the list of undervalued cryptocurrencies is XRP, currently the sixth most valuable by market cap, which has not only decreased by 15.33% from its opening price in 2024 but also hit a recent low of $0.433. Similarly, Cardano’s ADA has declined by 21.52% from its starting price this year, now trading at $0.46. 

These figures illustrate a broader trend affecting several high-potential altcoins, including Avalanche (AVAX) and Internet Computer (ICP), which have also seen their early gains eroded by recent market corrections.

Despite these declines, the sentiment among analysts remains optimistic. Santiment’s analysis suggests that these altcoins are currently trading at massive discounts, potentially setting the stage for significant price corrections once the market stabilizes. This view is supported by the underlying strength and technological advancements within these platforms, which may drive renewed interest and investment as the market cycle progresses.

Furthermore, the market’s current state presents a strategic opportunity for investors to enter at a low point before a potential rally. The historical performance of cryptocurrencies suggests that such cycles are not only common but also present opportunities for substantial gains. Investors and traders might therefore see the current market conditions as a prime time to accumulate these undervalued assets.

In the dynamic realm of cryptocurrency trading, where trends emerge and dissipate with lightning speed, a Solana (SOL) trader has recently emerged as a beacon of success, amassing over $1 million in profits within a mere week. This remarkable feat has not only captivated the attention of the crypto community but also offered valuable insights into the nuanced strategies and astute decision-making that underpin such extraordinary achievements.

At the forefront of this narrative is a trader known simply as the “Meme Coin Hunter,” whose exploits were brought to light by Lookonchain, a leading cryptocurrency analytics platform. Contrary to speculations of insider knowledge, the trader’s success narrative is rooted in a deep understanding of market dynamics and a strategic approach to navigating the volatile landscape of meme coins.

According to Lookonchain, the trader accumulated a jaw-dropping 7,945 SOL, equivalent to a staggering $1.09 million. The Solana trader executed trades across a diverse array of meme coins, totaling an impressive 13 different tokens. Among these, standout performers included MANEKI and GUMMY, from which the trader reaped 5,363 SOL (approximately $735K) and 2,449 SOL (roughly $336K) in profits, respectively.

Not an insider, just a #MEMEcoin hunter!He made 7,945 $SOL ($1.09M) by trading #MEMEcoins in the past week!Made 5,363 $SOL ($735K) on $MANEKI and 2,449 $SOL ($336K) on $GUMMY.He traded 13 #MEMEcoins, 8 of which were profitable, with a win rate of 61.5%.… pic.twitter.com/7fT0QjaR11

— Lookonchain (@lookonchain) April 27, 2024

What sets the Meme Coin Hunter apart is their adeptness at capitalizing on the inherent volatility and speculative fervor surrounding meme coins. Rather than succumbing to impulsive trading, the trader meticulously identifies opportune moments to enter and exit positions, leveraging the oscillations in prices to their advantage.

Diversification and Risk Management

Central to the trader’s success is a philosophy of diversification and risk management. By spreading their investments across a diverse array of meme coins, the trader mitigates the impact of potential losses while maximizing the potential for significant gains. This prudent approach underscores a fundamental principle of investment strategy: the importance of minimizing risk exposure through portfolio diversification.

Beyond technical analysis and market trends, the success of the Meme Coin Hunter also sheds light on the psychology of trading. Discipline, patience, and emotional resilience are paramount virtues in the tumultuous world of cryptocurrency, where the allure of quick profits often clashes with the realities of market volatility. The trader’s ability to maintain composure and adhere to a strategic plan in the face of uncertainty underscores the importance of psychological fortitude in achieving long-term success.

In the wake of this unprecedented success story, the cryptocurrency community finds itself grappling with a multitude of reflections and insights. While some view the trader’s achievements as a testament to the untapped potential of meme coin trading, others caution against the inherent risks and speculative nature of such endeavors. Nevertheless, the narrative of the Meme Coin Hunter catalyzes deeper conversations surrounding risk management, strategic planning, and the evolving dynamics of the crypto market.

Overall, the saga of the Solana trader offers a compelling narrative of innovation, strategic acumen, and the boundless opportunities that abound within the digital asset space. Beyond the allure of quick profits, the journey of the Meme Coin Hunter serves as a reminder of the importance of discipline, foresight, and a nuanced understanding of market dynamics in achieving sustainable success in the ever-evolving world of cryptocurrency trading.

One of the leading blockchain solutions provider, Saakuru Labs, recently revealed its business partnership with the AI-based game creator, worldwide game leader, GameGPT. The deal agreed to apply GameGPT’s most innovative AI engine to the Saakuru protocol. According to sources the partnership will result in even more development and everlasting imagination of the blockchain gaming sector.

GameGPT’s AI Integration Revolutionizes Saakuru’s Developer Suite

In fact, the kinship between Saakuru Labs and GameGPT will be a game-changer for the development and release of high-caliber blockchain games. With their robust AI engine, Saakuru’s developers will benefit from rapid deployment of games and optimized overall gaming experiences. Additionally, this collaboration is a momentous step towards democratizing the blockchain gaming space for all.

Saakuru’s AI engine will natively support the Saakuru Developer Suite, in which developers who want to launch an entire suite of tools for developing and launching Web3 games will find our combined platform an attractive proposition. On Saakuru’s zero-transaction-fee protocol, developers can easily release their games without having to worry about transaction costs, thereby eliminating financial disincentives and saving blockchain games.

GameGPT Chief Executive Officer Will Deane said he was excited about the partnership with Saakuru and emphasized its significance. By partnering with GameGPT’s AI technologies and Saakuru, the goal is to Develop at a fraction of the cost it requires today.

Jack Vinijtrongjit, Saakuru Labs’ CEO, commended GameGPT’s for its outstanding AI abilities and speculated that it may be a game-changer in the gaming industry. The establishment of a strategic partnership demonstrates its ambition to develop a vibrant developer and gamer community.

GameGPT’s AI Integration Promises Cheaper and Accessible Game Development

Such an AI engine for the streaming world by automating several processes of game crafting, such as coding, creation of visual assets, and economic frameworks, significantly reduces the cost and development times. Evidently, this technology is poised to change the gaming sector in numerous ways since the game crafting would become cheaper and easily affordable.

Ultimately, Saakuru Labs and GameGPT’s cooperation would predestine the emergence and launch of exhilarating blockchain games that would then create additional assets and liquidity on the Saakuru system. Ultimately, it would allow enhancing the trading experience through the upcoming Taffy DEX powered by Saakuru and generate more revenue for the protocol.