An indebted student recently paid off $50,000 in tuition fees with profits from memecoin Dogwifhat (WIF). The student hopes his luck continues as he expands his portfolio to include Dogecoin (DOGE) and PawFury (PAW). 

A student with some serious debt tested their luck in the volatile crypto market, striking absolute gold. With profits gained from Dogwifhat, the student successfully paid tuition fees of $50,000. Hoping the luck continues, the student recently expanded his holdings to include Dogecoin (DOGE) and the new kid on the block PawFury (PAW). 

Settling Student Debts with Dogwifhat (WIF) Profits

The crypto market and its volatility can either make or break a person’s life. In the case of an indebted student, the investment paid off. A student with outstanding tuition fees of $50,000 recently settled debts using the wins from Dogwifhat. WIF, the recently launched Solana-meme coin, saw a spectacular rally in the 2024 bull run, grabbing investor attention with its utility and potential for growth. This lucky student’s play in the crypto market shows the endless possibilities within the space. 

Portfolio Expanding

After their immense success with WIF, the student diversifies their crypto holdings to include PawFury (PAW) and Dogecoin (DOGE). Both DOGE and PAW offer unique investment opportunities and naturally tickled the interest of this student’s fancy. 

PawFury (PAW) Presale Success

PawFury rapidly became the talk of the blockchain town following the incredible success of its native utility token $PAW’s presale. The project stands out for its innovative blockchain solution and possible return on investment if the presale is anything to go with. PawFury raised significant money in its early presale and is promising early investors some pretty good gains.

PawFury is near the end of its Stage 2 presale, and investors are eager to reach Stage 3. PawFury is set to launch an incredible incentive in a $99,999 giveaway.  The project hopes to boost engagement and attract a broader audience to its presale success.

 

Dogecoin (DOGE) Continues to Thrill

While the frenzy around PAW seems to be the centre of attention, Dogecoin continues to prove itself to be an excellent opportunity for seasoned investors and newcomers alike. Starting as a memecoin success story, Dogecoin evolved into a stable and reputable cryptocurrency with a strong community and widespread acceptance. Dogecoin represents not just a good investment but also part of the broader cultural fabric of the crypto community, making it the perfect investment for a student looking to expand their foray into crypto. 

Navigate Crypto Investments with Strategic Diversification

From paying off student debts and exploring the potential of PawFury and Dogecoin, this lucky student’s story is a testament to the endless possibilities of the crypto market, underscoring the importance of diversifying holdings. As this student continues to navigate the crypto world, their diverse approach sets an inspiring example for aspiring crypto investors. 

About PawFury

PawFury is a revolutionary crypto project making waves in the blockchain industry with its multi-chain functionality and community-focused governance approach. As PawFury continues its presale and promotions, it is steadily setting new standards for innovation and investor engagement in the decentralized finance space.

 

Visit the following links for more information on PawFury:

Website: PawFury Official Website

Whitepaper: PawFury Whitepaper

Twitter: PawFury Twitter

Telegram: Join PawFury

PawFury recently updated presale wallet addresses:

Ethereum Chain:

https://etherscan.io/address/0x7d5a2E0757897BDde2b0C5C81AF6BbFC48d61B1a

BSC Chain:

https://bscscan.com/address/0x7d5a2E0757897BDde2b0C5C81AF6BbFC48d61B1a

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.

While the cryptocurrency market is experiencing a correction today, with some altcoins, including meme coins, trading in the red over the last 24 hours, the meme coin sector has actually seen positive gains over the past seven days. 

Among the top performers, BONK, a Solana-based meme coin, has outperformed other leading meme coins with a 85% pump, while PEPE has risen by 51%. Other meme coins have also recorded gains, albeit to a lesser extent. 

Concurrently, a new meme coin called Dogeverse, which launched its presale earlier this month, has achieved an important milestone by raising over $10 million. 

Source: CoinMarketCap / memes

Breaks Out, Eyes $0.000035

BONK is currently trading around $0.000027 after this week's impressive pump. The coin reached an all-time high of approximately $0.000037 in early March and had been trading within a descending channel until Tuesday, when it finally broke out of this pattern and entered what could be described as a "discovery mode."

Revolut, a prominent digital banking platform, listed BONK on April 23rd, which may have contributed to the price surge. This listing is important for BONK as it increases its exposure and accessibility to a broader user base.

From a technical standpoint, the Relative Strength Index (RSI) for BONK currently stands at 54, indicating that the asset is neither overbought nor oversold. 

Additionally, the Moving Average Convergence Divergence (MACD) line is above the MACD signal line, suggesting bullish momentum. However, based on the current trend, the MACD line could soon dip below the MACD signal line, potentially signaling a bearish reversal.

In the event of any major pullbacks or market crashes, the $0.0000132 level should act as a strong support, as it coincides with the 200-day moving average. This crucial level could provide a potential buying opportunity for traders.

Looking ahead, BONK could potentially target the $0.000035 resistance level. While there haven't been any major announcements or developments from the BONK team that could explain the recent price pump, traders may be investing in more speculative assets like meme coins due to the overall bullish sentiment in the market.

PEPE Pursues $0.00009 Resistance Level 

PEPE, the second-best performer among the top meme coins this week, has seen a 51% increase in value. The PEPE/USDT chart exhibits a similar pattern to BONK, with PEPE breaking out of a descending channel during this week's pump. Currently trading around $0.000078 at the time of writing.

The RSI for PEPE stands at 60, indicating that the asset is in a healthy uptrend without being overbought. Similar to BONK, the MACD line is above the MACD signal line, suggesting bullish momentum.

In the event of any significant pullbacks or market crashes, the $0.000028 level should act as a strong support for PEPE, as it coincides with the 200-day moving average.

Looking ahead, PEPE could potentially target the $0.00009 resistance level. Like BONK, there haven't been any major announcements from the PEPE team that could directly explain the recent price surge.

Coinbase initially announced the introduction of Pepe perpetual futures contracts on April 11th. Although the launch encountered technical setbacks, leading to a trading pause until April 23rd, this development might have contributed to the positive sentiment surrounding PEPE.

Given the current momentum and positive market conditions for memes, PEPE could potentially continue its upward trajectory and eye $0.00009 resistance level next.

Dogeverse Presale Surpasses $10 Million

Dogeverse is a new meme coin that has recently launched its presale and has already attracted crypto whales to raise well over $10 million. 

The project takes inspiration from Dogecoin and aims to create a fun community token that can be easily traded and used across different crypto networks which is something we’ve not seen so far in the meme coin sector.

Dogeverse's unique approach lies in its focus on multi-chain compatibility, setting it apart from competitors who typically focus on individual blockchains like Solana, Avalanche, and BNB Chain. 

This multi-chain compatibility allows for wider adoption and interconnection, enabling users to seamlessly transact and interact with the token across various blockchain networks.

How To Buy Dogeverse

To purchase Dogeverse ($DOGEVERSE), interested investors can follow these steps:

Visit thedogeverse.com (beware of fake sites)

Purchase Dogeverse tokens using popular cryptocurrencies like Ethereum, BNB, Polygon, and Avalanche.

Utilize Wormhole and Portal Bridge technology to claim, store, and trade $DOGEVERSE tokens on various blockchain networks.

Keep an eye on the presale progress to take advantage of price increases and secure your tokens before reaching fundraising targets.

This new meme coin has a total supply of 200 billion tokens. Out of this total supply, 30 billion tokens (15%) are allocated for the presale. Another 20 billion tokens (10%) are reserved for staking purposes, allowing holders to earn rewards by participating in the network's validation process.

A big portion of 50 billion tokens (25%) is dedicated to project funds, which will be used to support the development, maintenance, and expansion of the meme coin ecosystem. Additionally, 20 billion tokens (10%) are set aside for liquidity provisions, ensuring sufficient liquidity for smooth trading operations.

Marketing efforts play a crucial role in the success of any cryptocurrency project, and this meme coin recognizes its importance by allocating 50 billion tokens (25%) for marketing purposes.

Pro trader ClayBro recently highlighted Dogeverse alongside Shiba Inu:

Conclusion

The meme coin sector has proven its resilience and popularity, with BONK and PEPE leading the charge this week, outperforming other top meme coins. While the reasons behind their impressive gains remain mostly speculative, it's clear that traders are increasingly interested in high-risk, high-reward assets like meme coins.

At the same time, the emergence of Dogeverse and its successful presale, raising over $10 million, highlights the ongoing demand for new meme coin projects. Dogeverse's multi-chain compatibility approach might potentially set it apart from its competitors.

Visit Dogeverse

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 bitcoin languishing at below $64,000, and the altcoins also still mostly in the red, many traders must be nervously eyeing their portfolios. Should they buy or sell?

The first thing to realise in the trading game is that the buying and selling of digital assets is completely one’s own responsibility. Listening to this or that trader on social media could bring nuggets of wisdom, or could lead one down a perilous path. Educating oneself on the dos and don'ts of trading is the absolute minimum requirement before investing anything.

Altcoins giving cause for concern

That aside, the current state of the altcoin market is perhaps giving cause for concern. Most altcoins are following the lead of bitcoin, which is nearly always the case. If bitcoin goes up, the altcoins generally go up, and in some cases they go up a lot higher. If bitcoin goes down, the general path for the altcoins is down deeper, and at a faster pace.

Therefore, with bitcoin languishing down near its strong support at $61,000, the altcoins are not going to rise themselves until bitcoin has a decent bounce.

Total3 bull flag

Source: Coingecko/TradingView

The Total3 chart shows the price of the combined market capitalization of all cryptocurrencies, excluding $BTC and $ETH. Observing this chart, it can be seen that Total3 is currently resting on the support of the $647 billion price level.

It should also be noted that the price is in a bull flag. Given that this is the weekly chart, a bull flag on this time frame can be extremely powerful. If the price is able to hold at the support, or even if it dips below but recovers, and is able to break the upper trend line, stand by for some possible fireworks.

$1 trillion target for bull flag

Source: Coingecko/TradingView

Zooming out further, it can be seen that unlike bitcoin, the altcoin market cap has still not surpassed the heights of the last bull market in 2020/2021. That said, in past bull markets, the majority of the altcoins usually lagged behind $BTC until the final parabolic blow-off top phase. This is when liquidity starts leaving $BTC and floods into the altcoins.

Could this happen in this bull market, or will things be different this time? Only time will tell. On the positive side of things, the Total3 bull flag has still to play out. If there is a confirmed break to the upside, the measured move for this breakout would take the altcoins to the $1 trillion price level, which wouldn’t be far off of the high of the last bull market.

Financial education is vital

Trading cryptocurrencies is a perilous endeavour. If an investor/trader is able to buy at a low price, and that particular altcoin rises, a potential substantial profit could be made. On the other hand, buying into an altcoin that is about to sell off, could leave the investor with a big loss.

Buying or selling altcoins is perhaps something best left to the professional traders. Nevertheless, leaving one’s currency in the bank could also be of grave concern, as inflation and diminishing purchasing power steals wealth rapidly. 

The world of finance is a tough one to be in right now, and is likely to only get tougher. Therefore, make every effort to educate yourself on fiat currency and assets, which include bitcoin and altcoins. Your future could depend on it.

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 SEC is seeking a record $5.3 billion fine against Terraform Labs and Do Kwon for their role in the collapse of the Terra/LUNA stablecoin, signaling a significant crackdown on cryptocurrency misconduct.

Heavy Penalty for Do Kwon, Terraform 

The U.S. Securities and Exchange Commission (SEC) is moving to impose its most substantial fine to date on a cryptocurrency project, targeting an eye-watering $5.3 billion against Do Kwon and Terraform Labs. The two have been deemed responsible for the collapse of the Terra/LUNA stablecoin, a project designed to be pegged to the US dollar. This collapse triggered widespread industry repercussions, wiping out nearly $40 billion in market value.

Both Entities Found Liable For Fraud

Kwon and Terraform were found liable for civil fraud earlier this month after a two-week trial in New York. The charges were related to concealing risks within their trading scheme and the unsustainable 20% yields offered by Terraform's Anchor lending platform. Despite Kwon's absence from the trial due to arrest in Montenegro, where he is still awaiting extradition, the court ruled against him and Terraform.

SEC's Claims 

The SEC alleges that Kwon and Terraform made over $4 billion through unregistered token sales, including LUNA and UST. In its filing to the Southern District Court of New York on April 19, the SEC emphasized the need for a strong message against such misconduct. They seek to permanently ban Kwon from serving as an officer or director and demand a "sworn accounting" of his assets.

The SEC said such measures were necessary to deter future violations, saying,  

“Defendants have not shown remorse for their conduct, nor can there be any doubt that they are in a position where additional violations are not only possible but likely are already occurring.”

Proposed Fine

The proposed fine includes a $4.2 billion disgorgement penalty, $545 million in prejudgment interest, and $420 million and $100 million in civil penalties for Terraform and Kwon, respectively.

The size of the proposed fine is unprecedented, signaling the SEC's serious stance. It follows a similar hefty penalty of $1.8 billion proposed for Ripple and would surpass the $4.3 billion settlement by Binance Holdings Ltd. for anti-money laundering and US sanctions violations charges.

Legal Challenges

Lawyers representing Kwon and Terraform have challenged the SEC's claims, arguing that the token sales occurred outside the US and didn’t breach federal securities law. Despite initially questioning US jurisdiction, they are now advocating to limit the fine to $3.5 million (Terraform's lawyers) and $1 million (Kwon’s defense).

The substantial size of the fine reflects the SEC's uncompromising stance, especially considering its recent $1.8 billion penalty proposed for Ripple. This proposed fine would exceed the $4.3 billion settlement paid by Binance Holdings Ltd. to resolve charges with the US Department of Justice in November 2023, marking one of the largest corporate agreements in US history.

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. 

Bitcoin is suffering yet another red candle week. Currently sitting on the support of $63,000, bitcoin could break down further. In addition, looking at the big macro picture, the future is anything but certain.

Shouldn’t the bitcoin price go up?

The halving has now taken place, and other than a possible post halving dump, the $BTC price should now be going up, as the king of the cryptocurrencies moves into the final parabolic stage of its bull market. Isn’t this a foregone conclusion?

As Shakespeare said “there is many a slip twixt cup and lip”, meaning that the cup is heading for the lip, but all kinds of things could happen before (and if) it reaches it. 

In this case, it would be really difficult to imagine that there won’t be a continuation of the bitcoin bull run once this uncertain period of sideways and downward price action has played out.

Monthly stochastic RSI crosses down

Source: Coingecko/TradingView

That said, zooming right out into the very high time frame of the monthly, it can be seen that a rather large obstacle to price appreciation has just appeared on the scene. This comes in the form of the monthly stochastic RSI, where the blue (fast) line has just crossed over the red (slow) line, indicating that a huge amount of momentum could be about to descend on the bitcoin price, forcing it downward.

This downward momentum hasn’t arrived yet, and may not even hit for a while. For the indicator to officially signal the downward momentum, both fast and slow lines need to dip below the 80 level (upper dashed white line), and it can be seen that this is still some way off from happening.

However, just as Shakespeare intimated, there are no certainties. Just like a super tanker that needs to change course, the stochastic RSI could change direction before dipping below the 80 level, and thereby completely change the direction of the momentum back to the upside.

By keeping an eye on the weekly stochastic RSI, a good idea of where the momentum is going can be ascertained. Here, on the weekly, the fast line has just dipped below the 20 level, indicating that within the next week or so, the weekly stochastic RSI indicator should cross back to the upside. This would potentially be enough to help swing the monthly back to the upside as well. The next two or three weeks should reveal a clearer picture.

Strong support at $61,000

Momentum aside, the $BTC price has strong monthly support at the $61,000 level. The price has already bounced from this support in each of the last two weeks and was bought up strongly both times. A critical juncture is coming, as this support will either hold, and the price will bounce upward again, or it will not, and the price could suffer a much deeper correction.

Do your homework

When all is said and done, some of the investors who buy $BTC probably do so in an effort to prevent their wealth from being debased by way of the fiat currency they hold in the bank. The question should be whether holding currency in the bank is a better option than buying $BTC ? 

For all those who are uncertain in this respect, doing one’s homework on bitcoin, and what it means for freedom of transactions, protection of wealth, and a hedge against bank failures, is of the utmost importance. 

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.

Hong Kong’s securities regulatory body, SFC, has approved the launch of Bitcoin and Ethereum ETFs, offering investors a regulated and secure investment option starting April 30th.

Approval Announcement

The Securities and Futures Commission (SFC) of Hong Kong recently greenlit the trading of the country’s first wave of spot Bitcoin and Ether exchange-traded funds (ETFs), with trading scheduled to commence on April 30th. This approval marks a significant step in the adoption of cryptocurrencies within Hong Kong's financial landscape.

The approval of these ETFs provides both retail and institutional investors with a safer and more convenient avenue to invest in cryptocurrencies within a regulated framework. 

ChinaAMC will be among the first to offer Bitcoin and Ether-based ETFs in Hong Kong, with their products set to hit the market on April 30th. This rapid turnaround from approval to trading, a mere 15 days, underscores the growing demand for regulated crypto investment options in Hong Kong.

In-kind Creation Model

Unlike the cash-only creation model adopted in the United States, Hong Kong's ETFs will employ an in-kind creation model. This model allows the creation of new ETF shares using Bitcoin and Ethereum, potentially driving up assets under management (AUM) and trading volume for these products.  

Thomas Zhu, head of digital assets at ChinaAMC, emphasized the appeal of these ETFs, writing, 

“The in-kind feature also attracts coin holders by offering the ease of converting coins to fully regulated ETFs managed by professional fund managers and regulated custodians. With the growing adoption of ETFs in institutional asset allocation and retail trading in Hong Kong, we expect robust demand for our offerings.”

Global Context

The approval of Bitcoin and Ethereum ETFs in Hong Kong follows a similar move made by the United States in January 2024, when the US Securities and Exchange Commission (SEC) approved 11 Spot Bitcoin ETFs. However, the US is still grappling with the approval of a Spot Ethereum ETF, with Standard Chartered Bank revising its forecast for its arrival. This discrepancy between the two markets highlights the SEC’s difficult stance towards most crypto investment products. 

Competition in the ETF Space

With the imminent launch of Bitcoin and Ethereum ETFs in Hong Kong, competition in the ETF space is expected to intensify. As more ETFs enter the market, there is likely to be a race to offer the lowest fees for these investment products. This competition could ultimately benefit investors, leading to more competitive pricing and improved product offerings.

These ETFs also offer investors a regulated and secure means to invest in digital assets, further bridging the gap between traditional finance and the crypto market. As trading begins on April 30th, all eyes will be on Hong Kong to gauge the reception of these pioneering investment products.

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 United States Department of Justice (DOJ) has arrested and charged the founders of the Samourai wallet with money laundering, alleging that they were operating a cryptocurrency mixing service. 

Samourai Wallet founders, CEO Keonne Rodriguez and CTO William Lonergan Hill were both arrested on Wednesday. 

DOJ Arrests Samourai Wallet Founders 

Federal prosecutors charged both founders with conspiracy to commit money laundering as the United States government continues to prosecute crypto mixing tools that foreign governments and illicit actors could potentially use to hide and transfer illegal funds. The Department of Justice, Southern District of New York, announced the charges against the Samourai wallet founders after a thorough and extensive investigation into their activities. 

“JUST IN: US DEPARTMENT OF JUSTICE ARRESTS POPULAR #BITCOIN MIXER SAMOURAI WALLET FOUNDERS AND CEO, CHARGED WITH MONEY LAUNDERING.”

According to a press release issued by the Department of Justice on Wednesday, Rodriguez and Hill developed, marketed, and operated the mixer, which facilitated over $100 million in money laundering transactions from illegal dark web markets and actors. The Samourai wallet facilitated over $2 billion in unlawful transactions between 2015 and the present day. 

Samourai Wallet Closed For Business 

According to the Department of Justice, activity on the wallet primarily included transactions from dark web markets and schemes to defraud decentralized finance protocols, with both founders accused of developing, marketing, and operating a bitcoin and cryptocurrency mixer that provided criminals a platform to engage in large-scale money laundering. IRS-CI Special Agent in Charge Thomas Fattorusso stated, 

“$2 billion in transactions with an unlicensed money transmitter means $2 billion flowed without any oversight, from whomever to wherever. Because of the company’s disregard for regulation, it’s alleged that Samourai Wallet laundered more than $100 million in criminal proceeds. ”

A Coordinated Effort 

It took a coordinated effort by law enforcement agencies to arrest Rodriguez and Hill. Rodriguez was apprehended in the Western District of Pennsylvania, while Hill was arrested in Portugal. Authorities will now seek Hill’s extradition to the US so he can stand trial. A collaboration with authorities in Iceland led to the seizure of Samourai’s web servers and domain. Authorities also issued a seizure warrant on the Google Play Store for the Samourai wallet mobile application. 

“Special Agents with IRS:CI New York and IRS:CI LA’s Cyber units worked with our federal and international law enforcement partners to not only arrest the founders and CEO but also to seize their domain. Samourai Wallet is now closed for business.”

This ensured that the wallet was no longer available for download in the United States. The FBI Assistant Director in charge, James Smith, stated, 

“Threat actors utilize technology to evade law enforcement detection and create environments conducive to criminal activity. For almost 10 years, Keonne Rodriguez and William Hill allegedly operated a mobile cryptocurrency mixing platform that provided other criminals a virtual haven for the clandestine exchange of illicit funds, the facilitation of more than $2 billion in illegal transactions, and $100 million in dark web money laundering. The FBI is committed to exposing covert financial schemes and ensuring no one can hide behind a screen to perpetuate financial wrongdoing.”

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 failed to get past the 20-day SMA, which was a key resistance level and has dropped back below $7. 

DOT had seen considerable bullish momentum, with traders hopeful the price could break past the 2-day SMA and go above $8. However, in the past two sessions, sellers have exerted influence and pushed the price down. 

Polkadot (DOT) Back Below $7

DOT has been oscillating between the 200-day SMA at $7, which is acting as support, and the 20-day SMA, which is acting as a key resistance level for most of the ongoing week. The price also has another level of support at around the $6.40 price mark. The price stayed between this level of support and the 200-day SMA for all of last week, with the latter acting as resistance. DOT broke out above the 200-day SMA only on Saturday, when it registered an increase of 8.38% and settled above $7, at $7.24. 

Sunday saw a marginal drop, but with the 200-day SMA now acting as support, DOT could stay above $7 and settle at $7.14. With the 200-day SMA as support, DOT faced several critical resistance levels ahead, which cast some doubt on the sustainability of any bullish movement experienced by the cryptocurrency. Currently, the DOT price is oscillating between the 200-day SMA and the 20-day SMA and has been for all of this week.

Monday saw the price register an increase of 4.62%, allowing DOT to settle at $7.47. However, despite considerable upward momentum over the weekend and on Monday, DOT could not move past the 20-day SMA, with sellers pushing the price down by almost 3% to $7.25. Wednesday saw a highly volatile session as DOT registered a considerable increase initially, with buyers pushing the price higher, allowing it to reach a high of $7.49. However, sellers were able to regain control of the session, pushing DOT back below the 20-day SMA. In fact, DOT registered a drop of 4.55% on Wednesday, dropping below the $7 mark to settle at $6.92. 

Current Scenario 

So, what does the current session hold for Polkadot? DOT is close to its support level of $7 and the 200-day SMA, as seen in the price chart above. The price is currently up by 0.72% as buyers enter the market at this price level. As mentioned earlier, DOT is sandwiched between the 200-day SMA which is acting as support, and the 20-day SMA. Both these levels are crucial reference points for DOT in the near term.

Currently, buyers and sellers are struggling to take control of the session. If bearish momentum persists, we could see DOT drop below the $7 mark and the 2000-day SMA. In such a situation, the price could drop to its second support level of $6.40, as shown in the chart below. If buyers are able to consolidate and take control of the session, DOT could test the resistance at the 20-day SMA once again. DOT must break past the 20-day SMA for any significant upward price momentum. If it does so, we could see DOT test the $8 level.

The indicators show that the MACD is still bullish, indicating that DOT could recover from its current level. Whether the recovery is enough for it to test the 20-day SMA once again remains to be seen. The Relative Strength Index (RSI) is currently at the lower end of the neutral zone. Its proximity to the oversold area indicates we could see buyers enter the market at DOT’s current price level.

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.

New entrants in the highly competitive crypto market often struggle to grab investor attention as they battle it out for market share against well-established projects. TRON (TRX) and Cardano (ADA) are two of the market leaders in blockchain innovation, but newcomer PawFury ($PAW) is managing to intrigue investors despite its infancy. 

The blockchain industry and crypto market are at a turning point following the recent Bitcoin halving. 2024 has proved very bullish, and projects are battling to capture part of the market. While well-established projects such as Cardano (ADA) and TRON (TRX) are still the leaders in blockchain innovation, newcomer PawFury ($PAW) has already proved that it is a force to be reckoned with. 

TRON (TRX) Founder Justin Sun Faces New SEC Allegations  

PawFury is the recent talk of the blockchain town as it continues to see incredible success in the presale stages of its native utility token, $PAW. PawFury is nearing the end of its Stage 2 presale and is anticipating similar success in Stage 3, and is proving even the new kid on the block can grab investor attention. While the industry is abuzz with post-Bitcoin halving discussions, Justin Sun, founder of TRON, finds himself in hot water with the US Securities and Exchange Commission.

On April 17, the SEC filed a revised complaint against Sun, accusing him of selling unregistered TRON and BitTorrent Tokens securities. The agency’s latest move highlights the ongoing challenges within the crypto regulatory landscape and underscores the importance of compliance and transparency in blockchain operations. 

Cardano (ADA) Underscores its Commitment to Transparency

As Sun and the SEC battle it out, Cardano (ADA) continues proving its commitment to transparency. Frederik Gregaard, CEO of the Cardano Foundation, recently emphasized the platform’s ongoing dedication to an open and inclusive governance model. Despite a volatile market and declining prices, Cardano’s commitment to ethical practices and community-driven governance solidifies its reputation as a stable and trustworthy blockchain ecosystem.

PawFury: Investor Magnet of Note

Inspired by TRON’s technological prowess and Cardano’s ethical practices, PawFury is rapidly becoming a talking point for investors as it continues to enjoy its presale success. The project has already raised an incredible $1.8 million and is quickly approaching another funding milestone. PawFury's rapid rise to fame demonstrates its potential to be a significant player in the blockchain space. 

PawFury’s multi-integration functionality aims to harness the powers of established blockchains to ensure an efficient transaction capability and robust governance structure. $PAW’s presale price is currently $0.00614, with experts predicting a significant rise when it goes live on public exchanges.

 

Why The Sudden Rush?

PawFury’s promise of integrating TRON’s vast research and Cardano’s ethical governance into its own framework has investors flocking to claim a stake. The project is preparing to enter Stage 3 of its presale and offers investors a unique opportunity to join the blockchain revolution. 

The blockchain industry is evolving rapidly, and transparency, innovation and ethical governance are becoming increasingly critical. Projects embracing these guiding principles, such as PawFury, are becoming more popular among investors seeking a stable yet profitable investment.

Visit PawFury’s official website to join its growing fan club and participate in one of 2024’s most anticipated crypto launches. 

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.

Grayscale has announced its Bitcoin Mini Trust, a spinoff Bitcoin ETF with a much lower fee to regain investor interest amidst increasing competition in the market.

Introduction of Bitcoin Mini Trust (BTC)

After experiencing significant outflows totaling billions of dollars from its Grayscale Bitcoin Trust (GBTC) over several months, Grayscale is taking action. The company is preparing to launch a new Bitcoin exchange-traded fund (ETF) with the aim of offering the lowest fees on the market. This move comes as GBTC tries to stem further losses caused by investor withdrawals.

Grayscale Investment LLC filed its new spot ETF, the "Bitcoin Mini Trust," with the Securities and Exchange Commission (SEC) on March 12, 2024. This ETF, which is a spin-off of GBTC, will be listed on NYSE Arca under the ticker "BTC." 

Fees and Comparison

Notably, the Bitcoin Mini Trust will come with a fee of just 0.15%, making it the lowest-cost Bitcoin ETF in the market. This significantly lower fee of the Bitcoin Mini Trust stands in stark contrast to the 1.5% fee required to trade GBTC, Grayscale's main fund. 

Additionally, it is lower than the fees charged by other Bitcoin ETFs, such as BlackRock’s iShares Bitcoin Trust (IBIT), which will increase its fee to 0.25% after a promotional period. Currently, IBIT has assets of $17.5 billion, while GBTC has $19.6 billion.

Grayscale's Strategy

The decision to introduce the Bitcoin Mini Trust comes after months of relentless redemptions from GBTC following its conversion to a spot ETF. Grayscale CEO Michael Sonnenshein indicated that the trust was approaching equilibrium in recent weeks. 

ETF analyst Eric Balchunas commented, 

"A mini-me low fee version of $GBTC which investors in GBTC will be able to get into [without a] tax hit (I believe) via a special dividend. No brainer in our opinion."

Recent Market Dynamics

In recent weeks, significant inflows have been seen in other Bitcoin ETFs. BlackRock’s IBIT alone attracted $15 billion in inflows, followed by Fidelity’s FBTC with $8 billion, ARK 21Shares’s Bitcoin ETF ARK with $2.2 billion, and Bitwise’s BITB with $1.7 billion. However, GBTC's outflows of $16.7 billion have overshadowed these inflows, resulting in a total net inflow of $12 billion across all Bitcoin ETFs.

Implications

With its significantly lower fee, Grayscale's move to introduce the Bitcoin Mini Trust could be interpreted as a response to its declining popularity among investors. Despite being the world's largest crypto asset manager, Grayscale has faced challenges due to the high fee on GBTC. With the introduction of BTC, Grayscale aims to attract investors back to its platform. Currently, the Franklin Bitcoin ETF (EZBC) is the lowest-cost Bitcoin exchange-traded fund, with a fee of 0.19%.

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. 

Web 3 data layer blockchain Syntropy rebrands to Synternet.

This will involve visual changes including logo, colour, and website design. 

Synternet will also include new features to extend innovations within its ecosystem.

In a bold move announced Wednesday, Web 3 data infrastructure platform Syntropy announced a full rebrand to Synternet in its quest to advance how data moves across blockchains. The rebrand will be reflected in its colour pallet (into a black and white colour code), its logo, and website design. 

Notwithstanding, switching to Synternet will also see a slew of new, advanced features added to its ecosystem – bringing novel technological advancements to the platform, the team announcement stated. 

On the rebrand to Synternet, Daniel Haudenschild, CEO of Synternet said: 

“Synternet isn’t just a rebrand; it’s a declaration of our bold vision for the future of blockchain. By providing the data infrastructure for Web3, we’re laying the foundation for a more open, interoperable, and innovative decentralized web.”

Launched as a platform aiming to transform how data moves across the internet using blockchain technology, the switch to Synternet blends well with the Web 3 data layer’s goals. The platform provides real-time data infrastructure that empowers developers to build the next generation of cross-chain dApps by utilizing composable data streams. This aims to solve the barriers to the accessibility of data across blockchains, removing the need for centralized data sources, which slows the development of blockchains and its adoption. 

According to the statement, Synternet is rebranding to align its outward identity with its technological advancements and strategic vision. The platform aims to become the leading Layer-1 blockchain powering data infrastructure to advance innovations across multiple blockchains. 

With the mainnet set to launch later this year, Synternet's rebranding will open up the Web 3 data layer to the wider blockchain ecosystem. The platform will link isolated chains into a synchronized, interoperable network, powering the data economy and enhancing the adoption of blockchain technology.  

Synternet to launch new features and developments

Adding to the novel visual rebrands, Synternet also plans to add several key developments and features to its platform in the coming months. The Monaco phase of its Q2 2024 roadmap has already kicked off, with the platform announcing major innovations within its ecosystem. 

First, Synternet is planning on the launch of its blockchain on the mainnet,  establishing a robust infrastructure for real-time, cross-chain data streams. In addition, the platform will introduce a fully operational token bridge between Ethereum and Cosmos, allowing users to seamlessly transfer value across the two blockchains. Finally, the development team aims to add significant upgrades to improve the publisher and developer experience, simplifying participation and innovation on the network.

Synternet CTO Jonas Simanavicius believes the rebrand is a crucial step in advancing the platform’s technology and “making its vision a reality”. 

“Our engineering team has been heads down building the technology to make the Synternet vision a reality,” Simanavicius added. “We couldn’t be more excited to invite the world to build and scale their dApps on our network in the coming months.”

Since its launch, the platform has grown its team to over 50+ Web 3 professionals and engineers with its community surpassing the 100,000 mark across several social media platforms and boasting 16,500+ holders of its native token, $NOIA. The platform has also received massive support from blockchain VCs with pledges totalling $10 million. 

The rebrand is not set to affect the $NOIA token holders in any way, with operations on the Ethereum network set to continue till further notice. 

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.

 

Ten years after the now legendary collapse of Mt Gox, the biggest bitcoin exchange in the world at that time, creditors have at last been given updates on their claims, and payouts could begin as early as May. Bitcoin is still grinding upward, regardless of this news. 

Further potential heavy selling in the pipeline?

The upward impetus of the $BTC price is about to come in contact with another rather large speed bump. Just as $BTC has started to recover from the massive selling out of the Grayscale Spot Bitcoin ETF (GBTC), the next potential heavy selling is already in the pipeline.

Creditors to the Mt Gox exchange have been informed on updates to their payouts, and the word is that some of these payouts could be made as early as next month.

A $9 billion value in $BTC hitting the market would obviously be quite a suppressant to the price, should it all arrive on the market in a matter of weeks. That said, it’s not sure that all that bitcoin would be given out straight away, and even then, with bitcoin in a bull market, a significant percentage of this amount would possibly continue to be held.

To put the $9 billion worth of $BTC into perspective, the Grayscale ETF has offloaded half of its $BTC stash since its launch. This amounts to around $20 billion in $BTC sold into the market over the last 6 months. So yes, this could act to suppress price, but this depends on just how much $BTC might be sold.

$BTC looking to break next resistance

Source: Coingecko/TradingView

As things stand, $BTC is continuing its recovery from the correction down to $59,600. An upward trend line has been respected over the last five days, and the price has been butting up against the $66,500 resistance since Monday. Given that $BTC looks to be forming an ascending triangle in this very short time frame, the likelihood is that price will continue the trend and break upwards.

Bull flag break could spark next parabolic phase for $BTC

Source: Coingecko/TradingView

On the higher daily time frame, things also look good for the $BTC price. Remaining inside the large bull flag, $BTC has good support underneath, and looks as though it may well get to the top of the flag over the course of the next several days. Assuming the price gets through the $67,000 level, more resistance will come in from $69,000 and higher. 

If a breakout of the bull flag occurs, followed by a new all-time high, the ensuing momentum, potentially for the subsequent weeks or even months as bitcoin goes into its final parabolic bull market phase, could be enough to make sure that any Mt Gox BTC sold into the market just becomes liquidity for further buying.

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.

Source: Depositphotos

The popular Avalanche-based decentralized exchange platform Dexalot is expanding its horizons by launching on Arbitrum, the Ethereum Layer-2 network that enables rapid transactions at scale atop of the world's number one smart contract blockchain. 

The announcement is a significant milestone for Dexalot as it represents the beginning of its planned expansion beyond the Avalanche ecosystem in which it was born. 

Dexalot is a novel DEX platform that uniquely looks and feels like a centralized exchange, primarily due to its implementation of a traditional central limit order book model for performing trades. It aims to provide DEX users with an alternative to the Automated Market Maker-based exchanges that dominate the decentralized trading world in DeFi. By using a CLOB architecture, Dexalot eliminates long standing problems associated with AMMs, such as high slippage and the uncertain price execution that results. 

Uniquely, the CLOB model makes it possible for traders to place limit orders at very specific prices, providing certainty that they'll either be processed at the required rate, or not at all. This is a materially different experience from traditional AMM-based DEX platforms that enables greater capital efficiency, similar to what traders can expect on a centralized exchange platform. 

When setting a limit order on Dexalot, users can specify the order size and price limit. Then, if their order matches another one in the order book, it will be executed immediately. Those that don't have a match will be placed in the order book, where they will wait for a compatible order. Users get more flexibility too, as they can choose if their taker orders are all-or-nothing. That's because Dexalot supports partly completed orders, where the unfulfilled amount is added to the order book. 

Dexalot has been up and running on Avalanche since February 2023 and having grown to become one of the most popular trading venues on that network, it says it's now ready to expand and grow its user base. It has already processed more than $1.1 billion in total transaction volume on Avalanche alone, and it's expected that this number will gain a significant boost from Arbitrum users. 

“We are very excited to expand Dexalot’s multichain order book with commingled liquidity to the Arbitrum community," said Dexalot Chief Operating Officer Tim Shan. "This is a major milestone for the Dexalot team, and we are very proud to achieve it on Arbitrum.”

Arbitrum users will find that Dexalot provides access to advanced trading features that aren't available on other DEX platforms. In addition, projects building on Arbitrum will gain access to a reliable, well-known platform for launching their native tokens. Dexalot says its non-custodial design makes it a great fit for Arbitrum, which claims to be one of the most decentralized Ethereum L2s. 

Arbitrum's senior partnerships manager Peter Haymond cited Dexalot's assurance of fairer pricing, deeper liquidity and enhanced capital efficiency as reasons for the community to be excited. "Offering a centralized exchange-like experience will move DeFi closer to mass adoption," he promised.

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

Elon Musk’s Tesla has held on to its BTC reserves for the seventh quarter in a row, as established in its latest Q1 2024 earnings report. 

Tesla Maintains BTC Holdings In Q1 2024

Tesla Inc., led by CEO Elon Musk, has stuck to its decision to retain its substantial Bitcoin holdings despite the fluctuating cryptocurrency market. The company's commitment to holding its cryptocurrency aligns with its strategy of long-term investment in blockchain technologies.

In its latest financial disclosure, Tesla confirmed that it did not engage in any Bitcoin transactions during the first quarter of 2024. 

Bitcoin Holding Value Surges

The company has held onto its Bitcoin stash of 9,720 BTC for seven consecutive quarters, marking a consistent approach to its cryptocurrency investments.

The value of Tesla's Bitcoin holdings has surged significantly in the past quarter, now valued at over $711 million. This surge is largely attributed to the approval of the Spot Bitcoin ETF, indicating the potential for further appreciation in the coming weeks, especially after the Halving event.

BTC HODLing Contrasts Past Actions

Tesla's decision to retain its Bitcoin holdings contrasts with its previous move to sell 75% of its BTC holdings in Q2 2022, liquidating $936 million worth of BTC to support its economic condition in the aftermath of the Covid-19 pandemic and its effects on Tesla manufacturing units. Since then, the company has steadfastly maintained its BTC reserves.

During Tesla's annual earnings report for the year 2023, the company disclosed its ownership of 9,720 BTC, valued at $184 million at that time. This figure remained unchanged through Q3 2023.

Financial Challenges Amidst Strategic BTC HODL

While Tesla holds onto its Bitcoin investment, it faces challenges in other financial aspects. The Q1 2024 earnings report revealed a significant drop in revenue, falling to $12.3 billion from projected values of $21.4 billion. This decline reflects ongoing pressures in the automotive sector, echoing the hardships experienced in Q4 2023.

Additionally, Tesla reported a negative free cash flow of $2.5 billion, indicating financial hurdles amidst its efforts to innovate and expand its market reach.

Market Response and Future Plans

Despite falling short of revenue and earnings expectations, Tesla's stock has seen a 5% increase in aftermarket trading following the release of the results. At closing time, Tesla stock is trading at $144.61, down 13% in the past five days and down 28% in the past month.

Elon Musk's recent mention of potential $DOGE payments for Tesla cars has sparked renewed interest in the memecoin.

Tesla's Bitcoin holdings place it as the fourth-largest among publicly traded companies. It trails behind Michael Saylor’s MicroStrategy, Galaxy Digital Holdings, and Marathon Digital Holdings in terms of Bitcoin holdings.

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. 

Cosmos developers have patched a critical security bug in the Cosmos Inter Blockchain Communication (IBC) protocol that had put at least $126 million at risk. 

Asymmetric Research had privately disclosed details of the vulnerability impacting the Cosmos ecosystem, adding that it was patched before anyone could exploit it. 

Critical Security Bug 

According to Asymmetric Research, the Inter Blockchain Protocol always had the bug. However, it only recently became exploitable thanks to developments in the protocol’s codebase. Once Cosmos was notified of the issue, the vulnerability was quickly patched before anyone could exploit it. Asymmetric Research stated in a blog post, 

“A reentrancy vulnerability during the handling of timeout messages could have allowed an attacker to mint an infinite amount of IBC tokens on affected Cosmos chains. While this vulnerability has existed in IBC-go since the beginning, it only became exploitable due to recent developments in the Cosmos SDK ecosystem, specifically CosmWasm-based IBC middleware. We privately disclosed the vulnerability through the Cosmos HackerOne Bug Bounty program, and the issue is now patched. No malicious exploitation took place, and no funds were lost.”

Jessy Irwin, the CEO of Amulet, a firm engaged by the Interchain Foundation to run its bug bounty program and coordinate security on the Cosmos ecosystem, confirmed that the issue was reported. 

“During the coordination of this issue, both Amulet and the IBC-go team engaged in independent rounds of risk-based impact assessment to identify potentially impacted parties to mitigate its impact.”

Over $126 Million Were At Risk 

According to Asymmetric Research, the bug could have allowed a reentrancy bug, which could have allowed hackers to mint infinite tokens on Inter-Blockchain Communication-Connected chains such as Osmosis and other decentralized finance ecosystems on Cosmos. 

“We believe at least 126M+ in assets could have been stolen on Osmosis. However, rate limiting on Osmosis slows down the damage that could be caused.”

Rate limits can prevent or at least mitigate attacks attempting to overwhelm a system by controlling the rate at which requests are made. Developers on Cosmos launched a third-party application called the IBC-middleware, allowing the ICS20 (Interchain token standard) tokens to cross chains, making the bug exploitable. Asymmetric added in their blog post, 

“This issue demonstrates how easy it is to break trust assumptions and introduce new vulnerabilities by adding new features and functionality. It is also another example of the importance of defense-in-depth. This vulnerability highlights the critical need for more Research into cross-chain security risks to protect the multichain ecosystem better.”

According to Asymmetric CEO Jonathan Claudius, the vulnerability highlights the need for more Research into cross-chain security risks to help protect the multichain ecosystem. 

“This vulnerability highlights the critical need for more Research into cross-chain security risks to protect the multichain ecosystem better. This case demonstrates our capability and ongoing efforts to discover and neutralize existential threats that could undermine the digital economy.”

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

Polkadot and Kusama are similar blockchain networks that share their core technology and operational mechanisms. However, both networks have very different priorities. 

Polkadot is the more conservative of the two, prioritizing stability and dependability. Kusama, on the other hand, is wild and fast and is an excellent platform for early-stage deployment and bold experimentation. 

What Is Polkadot? 

Polkadot is a highly versatile blockchain network that allows developers to create and launch dApps (decentralized applications) on a quick, versatile, and highly scalable blockchain network. Polkadot was founded by Gavin Wood, who was also a part of the original Ethereum developer team. Wood’s company, Parity Technology, is the primary developer team behind the network, while its native DOT token is one of the top cryptocurrencies in the market. 

Polkadot offers dApp development and token launching resources and functionalities. Developers can use the blockchain network to launch various projects encompassing DeFi, yield farming protocols, NFTs and NFT apps, and crypto games. Polkadot uses a sharded, multichain network that allows developers on the network to launch custom blockchains. 

Polkadot has attracted several developer teams that have used the blockchain network to launch their decentralized platforms. Polkadot’s current architecture has 100 parachains, with over 200 developer teams actively working and over 550 projects using Polkadot’s technology. 

What Is Kusama? 

Kusama is often referred to as “Polkadot’s wild cousin” and with good reason. It acts as a testing ground for numerous projects in their early stages, allowing them to experiment to an endless degree. Like Polkadot, Kusama has also been founded by Gavin Wood, with both projects complementing one another rather than competing with each other. 

The primary idea behind Kusama was to create a programming sandbox for Polkadot apps. Developers could use Kusama to experiment with programming tools, platform architecture, and dApp structures. Because of this, many confuse Kusama to be a testnet. However, it is much more; Kusama is a standalone blockchain framework built using the Substrate Programming Kit. 

Polkadot’s Operational Mechanism 

Polkadot does not host custom dApps on its primary chain. Instead, it uses a sharded multichain architecture that allows developers to build and deploy their own blockchains on Polkadot. These blockchains run parallel to the main chain, called the Relay Chain. This feature allows Polkadot to act as a Layer-0 metachain rather than a Layer-1 blockchain. 

Layer-1 networks on Polkadot have significantly greater independence and can interact with one another thanks to their use of similar infrastructure. Furthermore, the developer team on Polkadot can implement code updates without having to fork blockchains. This gives developer teams on Polkadot a high degree of flexibility. 

Polkadot uses a variation of the Proof-of-Stake consensus mechanism called the Nominated Proof-of-Stake consensus mechanism. In this, validators approve transactions, and nominators select validator nodes, backing them with DOT tokens. This helps prevent the concentration of power, with nominators giving authority to validator nodes, adding an additional layer of security to Polkadot Parachains. 

Kusama’s Operational Mechanism 

Kusama’s operational mechanism is slightly different from that of Polkadot. Polkadot is much more enterprise-focused than Kusama, but developers can launch projects faster and experiment to a greater degree on the latter. Kusama makes it easy for developers to alter parachains even after they have been deployed. There is also no need to fork the parachain to create a new network when using Kusama. 

Instead, developers can alter the base code of the parachain and see what works best for the project. While Polkadot offers similar features, it is far less flexible thanks to its on-chain governance. 

Polkadot’s Canary Network 

Kusama was initially envisaged as Polkadot’s canary network. It allows developers to release programs and software to a limited number of users in a relatively isolated environment, ensuring other users are not adversely impacted. However, as mentioned earlier, Kusama is more than a testnet, sitting somewhere between a testnet and a mainnet. 

Most projects maintain parachains on Polkadot and Kusama. They will test and experiment on new technologies on Kusama before deploying them on Polkadot. However, some projects also focus on just one of these networks, opting to stay exclusively on Polkadot or Kusama. 

Kusama can be the perfect environment for projects with ambitious ideas, experiments, and innovations in governance, monetary policy, DAOs, and incentives. Future updates on Polkadot will also be deployed on Kusama before they are released on the Polkadot network. 

The Road Ahead 

Polkadot and Kusama will continue to exist as independent, standalone networks, each with a dedicated community, governance, and use cases. However, they will continue to maintain an interconnected relationship, with teams deploying applications on both networks.

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 highly anticipated Bitcoin halving event is finally complete. The halving, which only happens every four years, historically triggers market volatility, leading investors to search for an alternative that might flourish in the aftermath. One serious contender appeared in all the halving chaos: PawFury ($PAW), the P2E game undergoing massive presale success. 

2024’s Bitcoin halving has been the focus of the crypto market to no end. The event, which takes place every four years, cuts Bitcoin mining rewards in half and is historically the catalyst for significant market volatility, good and bad. As the event drew closer, investors sought something to weather them through a possible halving-induced storm. One promising alternative that could flourish post-halving appeared: the blockchain-based play-to-earn game PawFury. 

PawFury Looks to Set New Fundraising Standards

PawFury recently became the talk of the blockchain town after securing an impressive $1.5 million in the early round of presale funding for its native utility token $PAW. PawFury is close to the end of Stage 2 of its presale, and its success has not slowed down.

PawFury’s early success has set a new fundraising standard and positioned the project on the radar of a potential crypto unicorn for 2024. Industry experts and analysts are buzzing around $PAW’s potential and predicting a groundbreaking year. 

Experts Expect Significant Growth

$PAW is currently available at a presale price of $0.00614, but experts and analysts project the token to rise to $0.0200 when the token hits the public exchanges. PawFury offers early investors a handsome 345% ROI in addition to early buying bonuses. $PAW’s compelling potential ROI and added incentives make this project incredibly attractive to novice and seasoned investors. The project’s early success and potential future gains position $PAW as the ideal opportunity to enter an ambitious crypto venture at the ground level. 

Bitcoin Halving Has Many Looking for the Next Crypto Unicorn

The anticipation building up to the Bitcoin halving event made the crypto market ripe for the emergence of alternatives that could mitigate the halving-induced volatility. PawFury stands out for its robust multi-chain capabilities and low-fee structure, two of the essential features of a post-halving market that rewards efficiency and scalability. PawFury is a prime investment opportunity for those ready to capitalize on the shifts in Bitcoin mining economics and investor interest. 

Time is of The Essence: Hurry to Claim a Stake in PawFury

The absolute flurry seen during the Stage 1 and 2 presales of PawFury shows its perceived value and scalability. The rush to buy in at attractive prices, combined with growing interest from the broader crypto community, should be reason enough for investors to understand the urgency in securing their stakes in what is looking to be 2024’s next crypto unicorn. 

Exclusive Early Buy-In Bonus

To celebrate its presale success, PawFury is offering an additional 10% bonus on all new purchases. Claiming this 10% could not be easier! Simply use the promo code EXTRA10X when making a purchase. 

This is a limited offer, so investors must act quickly!

A Vibrant Community Set PawFury Apart from the Rest

Much of PawFury’s recent presale success is attributed to its vibrant community and the substantial efforts invested in developing such a robust ecosystem. The project is committed to creating a sustainable platform that addresses real-world concerns. PawFury's strategic roadmap details the platform's steps to grow user engagement and utility.

PawFury’s community-centric approach, emphasizing transparency and user-centric value, positions PawFury in a favorable space within the highly competitive blockchain space. 

Join the Blockchain Revolution with PawFury!

The crypto market is at a pivotal moment, and now is the time to get involved with the leaders in innovative blockchain technology. Visit PawFury’s official website to see what this project offers and to secure your stake in what is expected to be one of the most impactful crypto launches of 2024. 

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.

To address these concerns, the industry has seen the development of meme coins that strive to offer tangible utility and real-world applications, aiming to provide a more sustainable alternative to some meme coins. In particular, Speedy's focus on speed, efficiency, and practical use cases aligns with the industry's need for meme-inspired cryptocurrencies that can deliver genuine value and contribute to the maturity of the cryptocurrency ecosystem. The project’s unique selling proposition lies in its lightning-fast transaction speeds, which aims to provide a seamless and efficient user experience for both individual and institutional investors. What sets Speedy apart is its commitment to transparency and security through association with the GOAT Foundation, a leading incubator for meme-inspired projects on the Web3 space. Speedy has recently launched on the Fantom blockchain, which is set to undergo the Sonic update to dramatically scale network performance beyond current limits, with transactions per second (TPS) exceeding 2,000 and near-instant finality. This way, by offering a unique solution that combines the appeal of meme culture with the reliability and efficiency required for widespread adoption, Speedy has positioned itself as a trailblazer blending both practical and fun aspects of the meme coin.

1. What inspired Speedy's creation, and how will it affect the meme coin industry?

Speedy comes to complete the revolution that happens now on the Fantom chain. With the new Sonic update, FTM has become now the-best-in-class with 2000 transactions per second and ridiculously low fees. Technology needs to be assimilated by the community, therefore Speedy is the cultural catalyst, the fastest dog on the fastest chain. Speedy is already revolutionising the meme industry by becoming so much more than just a character. It represents the supersonic speed of the entire ecosystem with on-chain applicability on different sectors. 

2. How does Speedy's solution address the current problems in the meme coin industry?

Speedy aims to address issues such as lack of utility and poor community engagement which are prevalent in the meme coin industry. By establishing a strong use-case on the Fantom blockchain and integrating community-driven features, Speedy seeks to provide more than just speculative value, focusing on real-world applications and sustained user engagement.

3. What makes Speedy's solution so unique that it's worth investing in?

What makes Speedy's approach unique could be its integration with the Fantom network, known for high-speed transactions and low fees, which is ideal for developing a meme coin with practical utility. Additionally, the involvement of the GOAT Foundation and the active development team might provide a robust foundation for growth and innovation, making it a compelling investment opportunity. Also, new added features like trading bots, socialFiand Igaming will boost its value as a true community brand. 

4. Who are the key team members behind Speedy? What is their background, and how does it interlink with the project?

The team behind Speedy include experts in blockchain technology, digital marketing, and community management. Their backgrounds in tech startups, finance, and decentralized technology could interlink to drive the project's vision forward. 

5. What should newbies start with to get involved with Speedy?

If you’re new on the meme land, then Fantom chain should be the best place to start as it's the only chain that has a Meme Foundation to launch vetted projects and support services, from funding to outreach. So, Speedy being the dominant coin it's easy to trade, easy to understand, very low fees and a lot of room to grow. 

6. Why has Fantom network been chosen as a runway for Speedy?

The Fantom network has been chosen as Speedy’s platform due to its high scalability, low transaction costs, and efficient consensus mechanism. These features make Fantom an ideal choice for deploying a meme coin that aims for widespread adoption and continuous transactional use.

7. Can you provide more details about Speedy's additional propositions, programs, or recent PR updates?

Speedy may offer various programs such as staking rewards, community governance, and special partnerships with other blockchain projects. Recent PR updates could include collaborations with influencers, listings on major exchanges, and the launch of new interactive platforms or features aimed at increasing user engagement.

8. What are the key achievements that Speedy is most proud of so far?

Achievements might include reaching certain milestones in market cap, successful listings on prominent crypto exchanges, significant growth in user adoption, or notable collaborations that have expanded the project’s visibility and credibility.

9. What are Speedy's future plans, updates, and follow-ups, and where can the community stay informed about the project's progress?

Future updates for Speedy could involve expanding its ecosystem through additional decentralized applications, increasing its utility through new functionalities, or enhancing its governance model. The community can stay informed about these developments through official announcements on the project's website, regular updates on social media platforms, and community meetings.

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 excitement surrounding PawFury’s crypto presale cannot be contained as it prepares to close its Stage 2 presale. With the massive success of its early round, PawFury is ready for what is sure to be an investment frenzy in its Stage 3 presale. 

While investors continue to enjoy the beautiful gains of the 2024 bull run, PawFury continues to make noise amid the crypto community. The P2E game is close to completing the second stage of presale for its native utility token, $PAW, after the success of its initial round of presale. Investor interest is at an all-time high, and the presale is quickly selling out. Crypto experts and novices are now racing to secure their stake in PawFury’s Stage 3 presale. 

PawFury Presale Success, Stage 3 Draws Near

Investors are revelling in the 2024 bull run after a long, icy crypto winter dampened the spirits of many. One project making a colossal wave among the crypto community is PawFury, the blockchain-based P2E game fast approaching its presale's third stage. PawFury managed to grab the attention of crypto investors, both new and seasoned, in its early presale rounds, and Stage 3 looks to be no different. 

PawFury Stage 2 Presale Nears the Finish Line

Stage 2 of the PawFury crypto presale captivated the blockchain industry after the massive success of its Stage 1 presale. The project’s early success indicates enormous potential, and investors rush to buy in. The presale is quickly heading for Stage 3, and the urgency among investors intensifies as we speak, all eager to partake in PawFury’s favorable terms.

The end of Stage 2 is fast approaching, momentum is building, and the flurry of investors is hinting at an even more successful closure than previous. The launch of Stage 3 is set to be thrilling. 

Investors Rush to Secure a Spot in PawFury

PawFury quickly proved the ideal candidate for investors looking to realise significant gains in the highly competitive crypto space. PawFury is positioned as a revolutionary blockchain project, offering not just a new cryptocurrency but also the promise of a substantial ROI further heightened by an early buying incentive. The presale price currently stands at $0.00614, with experts and analysts predicting significant growth once $PAW goes live on public exchanges. 

Why the Hurry?

The current investing rush is attributed to the project’s multi-chain functionality, allowing seamless transactions across major blockchain networks, including Ethereum, BNB Chain, and Polygon. PawFury’s multi-chain functionality enhances the platform’s utility and positions it as a versatile player in the market. The project’s suitability for a wide range of blockchain-based applications and the anticipation of what Stage 3 might offer continue to fuel the current buying frenzy. 

Exclusive Early Buying Bonus

To celebrate the successful run of its presale, PawFury is offering an exclusive 10% buying bonus for all new purchases made during the current presale phase. This exclusive offer is only available for a limited time, and investors are urged to rush over now to grab this opportunity.

Claiming the 10% buying bonus is easy! Simply enter the promo code EXTRA10% at purchase to qualify.

Join the Blockchain Revolution with PawFury

The crypto market is at a turning point in its evolution, and now is the time to join the revolution with a leading force in blockchain innovation. As PawFury prepares to transition into Stage 3 of its presale, investors are urged to act now to secure their stake in one of 2024’s most promising crypto launches. 

To stay updated on all things PawFury, follow their official communications on X and join the vibrant community on Telegram. PawFury’s team will provide immediate updates and insights through these channels. 

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 and meme coins have dominated the 2024 crypto bull market so far, with altcoins taking a back seat. However, with Bitcoin halving now in the books, altcoins are once again in the spotlight. 

Traditionally, BTC displays a consolidatory price action after the halving and the Bitcoin Dominance sees a pullback. Unsurprisingly, investors turn to altcoins in search of more volatility and higher returns. 

8 Best Cryptocurrency To Buy In Altseason

The hype surrounding alts is skyrocketing, with experts revealing that crypto prices could start going parabolic as early as May. 

Several new cryptocurrencies are also set to hit crypto exchanges in the coming weeks and could deliver 10x to 100x gains. 

#Alts Are just waking up, we are about to witness some bangers.

— BitcoinHabebe (@Bitcoinhabebe) April 22, 2024

Investors therefore have one last chance to fill their bags before the start of the highly-anticipated altcoin bull run. Experts continue to highlight the importance of diversification, i.e. investing in a combination of large caps, mid-caps and low-cap tokens to see the maximum gains. 

In this article, we list the 8 best cryptocurrency to buy that could deliver the most returns in the coming altseason. 

Solana ($SOL )

Experts continue to back Solana as one of the best cryptocurrencies to invest in, especially amongst large-cap altcoins. 

SOL has been the standout performer in 2023 and 2024 so far and is expected to maintain its bullish trajectory during the rest of this bull cycle. 

In fact, analysts believe that new Solana buyers may still be early, especially when compared to other large-cap cryptocurrencies. SOL is currently trading at $150 and is still more than 40% away from its all-time high. 

Even the most conservative Solana price prediction backs the altcoin to reach $600 this bull cycle. Others are mentioning the possibility of SOL reaching a new high of $1000. 

Its high scalability, especially when compared to Bitcoin and Ethereum, continues to result in praise from industry insiders such as Ark Invest’s Cathie Wood. It is also a boon to several new Layer-2 tokens and meme coins emerging within the Solana ecosystem.

Slothana ($SLOTH)

Speaking of Solana meme coins, Slothana is being backed by experts as the next big meme token that could deliver 100x gains. 

$SLOTH has already proved its mettle during its presale, having raised over $15 million in just over 3 weeks. It’s not without reason that popular crypto YouTubers such as ClayBro believe Slothana could potentially emerge as the biggest Solana meme coin to invest in. 

Slothana is also being viewed as the next Slerf, another sloth-based Solana meme coin that skyrocketed by 5000% in just a few hours. 

It has also adopted Slerf’s innovative presale model, allowing interested buyers to simply send $SOL to the project wallet and receive $SLOTH as an airdrop. This simplified fundraising model is one of the reasons behind Slothana’s early demand. 

However, the presale is in its final days, with Sloth set to launch on exchanges on April 29th. Interested buyers have less than 6 days to buy this next 100x potential meme coin early. 

Dogecoin ($DOGE)

Meme coins will remain high in demand during the altseason and the market leader won’t be left behind.

Dogecoin has taken a backseat to other newer, shinier meme coins so far. Nevertheless, it remains 78% below its previous all-time high of $0.73 and is widely expected to reach $1 this year. 

Meaning, that new Doge buyers can still see 7x returns on this relatively safer, large-cap meme coin.

Dogecoin remains Elon Musk’s favourite cryptocurrency, with the billionaire often calling it “the people’s cryptocurrency”. Elon recently revealed that the meme coin will be accepted as payment for Tesla EVs and supporters believe it to be an important component of his X (previously Twitter) platform. 

Coinbase Derivatives is also set to launch Dogecoin Futures on April 29th. 

Dogeverse ($DOGEVERSE)

The Dogecoin bull rally will spark hype around all things Doge and Dogeverse is one of the meme coins expected to benefit the most from it. 

Dogeverse brings something unique to the meme coin market - it is the first token set to launch on 6 different blockchain ecosystems. It is already live on Ethereum, Base, Polygon, Avalanche and BNB Chain and will go live on Solana this week. 

Being a multi-chain meme coin, Dogeverse allows token holders to enjoy the best of all worlds. For instance, they can buy the new meme coin with ETH and immediately stake their holdings to earn passive rewards. The current staking reward rate is 110%.

Furthermore, just as Solana meme coins have benefited from the SOL price rally, Dogeverse can potentially benefit from 5 different native tokens. 

Owing to its innovative features, Dogeverse has raised close to $10 million in its presale in just over two weeks. 

Additionally, popular crypto influencers and YouTubers such as Michael Wrubel are bullish on Dogeverse, with Wrubel claiming to be all in on the new meme coin. 

XRP ($XRP )

XRP has been largely sidelined in this bull market, however, experts believe its time will come in the upcoming altseason. 

Popular crypto trader Captain Faibik recently proclaimed that now is the last chance to buy XRP before it explodes in the coming months. 

Crypto whales agree with his sentiment. When XRP corrected from $0.62 to $0.41 - largely due to macroeconomic risks and the Israel-Iran conflict - whales accumulated over 31 million XRP tokens in just the past week. 

As such, XRP remains 83% below its previous all-time high. If it only reaches its previous peak, new buyers can still see over 6x returns on their investment. However as it is with other large-cap altcoins, the token is expected to significantly surpass its ATH.

XRP is also one of the best cryptocurrency to buy in light of the upcoming US presidential elections. Its parent company Ripple has already won a landmark case against the SEC when the court ruled that the programmatic XRP sales did not violate the Securities Act. 

While the Commission could appeal this ruling, the likelihood of it decreases significantly under new SEC leadership, especially in case of a Republican victory. 

Bitcoin Minetrix ($BTCMTX)

Experts are backing Bitcoin Minetrix as one of the best crypto to invest in, especially amongst low-cap altcoins. 

Bitcoin Minetrix is a cloud mining project, designed to make mining rewards accessible to retail investors. The demand for its native token BTCMTX is evident in its presale, having already raised over $13 million. 

However, the demand will especially skyrocket once Bitcoin starts going parabolic again and the mining industry turns extremely profitable. YouTube trading experts such as OnlineHustleTV see Bitcoin Minetrix potentially delivering up to 100x returns.

In addition to the token value appreciation, investors can earn BTC mining rewards, simply by staking $BTCMTX tokens. Not to mention, they will receive staking rewards simply for partaking in the process. 

However, the Bitcoin Minetrix presale is in its final stage and is set to end on April 28th, with the token going live on exchanges on April 30th. 

Sei ($SEI )

Smart-money traders believe Sei is one of the best mid-cap crypto to buy for the upcoming altseason. 

For instance, crypto trader Ameba is straightforward in his Sei price prediction, expecting it to be the top-performing cryptocurrency when BTC finds a local bottom. 

Once $BTC finds a bottom today I reckon $SEI will send harder than most.

— Ameba (@Ameba_NM) April 21, 2024

The thesis is already playing out, with Sei crypto rallying 34% over the past week. 

The sector-specific Layer-1 blockchain also continues to witness rapid innovation in its ecosystem. Today on Tuesday, the Balancer proposal BIP-590 has officially passed in the Sei ecosystem. 

Balancer is a top-tier DEX in the crypto space, with over $1 billion in TVL (total value locked). Similarly, Sei has recently partnered with Binance to integrate Binance Pay into its ecosystem.

Owing to this rapid technological advancement, experts are viewing Sei as an excellent long-term crypto to invest in. 

Mega Dice ($DICE)

Mega Dice is one of the top GameFi tokens on Solana and is still available at its discounted presale price of $0.069. The new cryptocurrency has already raised close to $500k in its ICO, signalling strong early interest.

Popular crypto YouTube channels such as Cryptonews are backing $DICE to be the next 100x GameFi cryptocurrency and for good reason. 

 

The Mega Dice platform already has an established global customer base, unlike most new entrants. Over 50,000 players continue to access the platform’s 4000+ games and sports, resulting in over $50 million worth of monthly wagering volume. 

Considering the advantages offered by Dice - such as daily rewards to holders and staking rewards - the token is expected to see sustained buying pressure. 

The platform has also launched a $2.25 million airdrop for Mega Dice players, set to be organized in 3 seasons. To be eligible in the first season, players need to have a wager volume of over $5000 in just 21 days. 

 

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.