Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial.

For the second time in the crypto market history, memecoins spearhead the new bull run while demonstrating unprecedented growth. Some slam meme tokens for having “zero value” and being harmful to the industry, but others praise them for engaging communities and attracting new users to crypto. Meanwhile, the latest memecoin boom has sparked a surge in transaction volume in web3 wallets, defining new leaders in the crypto storage landscape. 

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Regardless of what anyone thinks about the value of memecoins, their influence on the crypto market right now is hard to overstate.

The new rise of dog coins

The soar of meme tokens marks the emerging bull run. By the end of March 2024, the capitalization of top meme coins reached $80 billion, which is close to the all-time highs seen during the previous rally in 2021. At the time of writing, the total value has corrected to nearly $55 billion.

The top memecoins by market cap are Dogecoin and Shiba Inu, well-known from previous alt seasons, but new leaders have also popped up. Among them are BONK, “The Dog Coin of the People,” and Book of Meme (BOME)—a Solana-based token that skyrocketed 457 times since its listing on Binance on March 16, only to plummet by 50% later.

Another leader in the race is Dogwifhat (WIF), also based on Solana. As the token has gained 22X since January, its supporters managed to raise 690,000 USDC to showcase the project’s mascot at Sphere in Las Vegas.

WIF on Sphere in Las Vegas | Source: Dogwifhat How the current meme rally is different 

Analysts note how “weird” the current rally is compared to previous market cycles. Zach Rynes, the community liaison at Chainlink, points out that the market skipped several stages—liquidity shifted from Bitcoin directly into memecoins, bypassing several intermediate steps such as Ethereum and other high-cap coins.

The market capitalization of memecoins has already approached its all-time high level of 2021. But this time, this is perhaps only the beginning of the rally—the Bitcoin halving hasn’t even happened yet, while market peaks typically occur within one year after the event.

Web3 wallet activity spikes 

We are now witnessing a sharp increase in the crypto wallets’ transaction volume, which can be at least partially attributed to the memecoin frenzy. Among the top five web3 wallets, one saw growth of 18% in weekly active users, while two others experienced an increase of almost 50%.

Source: Dune

What stands out is the transaction count: the weekly figures in two wallets have surpassed those of MetaMask, one of the most widely used web3 wallets that gained recognition in previous market cycles. Leading the list is Bitget Wallet—a solution by a crypto exchange Bitget that acquired the BitKeep wallet last year and has been developing it under its own brand since then. The wallet recently listed trading pairs with BOME and BONK, which could have contributed to the surge in transaction volume.

Another chart clarifies how the web3 landscape has changed in recent months and weeks: the percentage of transactions processed by MetaMask dropped from 100% to nearly 19%, giving way to new players.

Data: Dune “Think twice before calling it stupid”: what experts say about memecoins  

Market experts have directly opposite opinions on memecoins. Among those articulating a popular point of view is Franklin Templeton, an American trillion-dollar asset management firm. The company notes that meme coins have appealed to many traders due to low fees and the potential for quick profits. Experts warn that tokens originating from internet memes “have no inherent value or utility.” “Meme coins harm the crypto industry,” adds Ki Joung Ju, the founder and CEO of the blockchain analytics firm CryptoQuant. He continues:

“It’s frustrating to see billion-dollar-cap meme coins overshadow hardworking teams building legit products to advance this industry. Easy money can’t drive industry-wide progress.”

However, many market participants argue for the opposite. It’s crucial to think twice before labeling memecoins as “stupid and valueless” since they can benefit blockchain ecosystems by attracting new users and developers, says crypto entrepreneur Arthur Hayes.

Memecoins will remain a vital part of the crypto industry and potentially evolve into a new asset class, believes Maartje Bus, VP of research at Messari. They “inadvertently” introduce newcomers to web3 basics, including decentralized exchanges and crypto wallets, and bring people together in the blockchain space.

The evolution of memecoins

Like many crypto phenomena, memecoins have the potential to evolve and become more than just a tool for short-term gain. Vitalik Buterin suggests that meme tokens can contribute positively to society, serving as tools for funding public projects.

Whatever memecoins may become in the future, they are transforming the market right now. In the current market phase, meme tokens drive up the value of L1 chain coins such as Ethereum and Solana and reshape the web3 wallet leaderboard. The upcoming rally will show further changes that meme coins will bring to the crypto market.

Read more: From Hollywood to HODL: how celebrity adoption is spurring the growth of memecoins

Author: Mary Pedler

Mary Pedler is a seasoned communication expert and founder of INPUT Communications Agency, with over seven years of experience in GR and PR. Her expertise has significantly contributed to the success of over 50 tech projects, enhancing their organic media presence and aiding in raising over $500 million. Mary’s proficiency in global media relations, tailored communication strategies, and deep understanding of web3, blockchain, and the MENA market positions her as a leader in her field. Mary is a regular speaker and moderator at industry events, and her agency in Dubai specializes in creating effective communication strategies for tech projects worldwide.

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

The foremost crypto token, Bitcoin, continues to dominate and direct the market movement. 

Since the halving, investors have renewed interest, anticipating a price explosion like the one that occurred shortly after the last halving in 2020.

While several investors expect their holdings to explode, tokens such as Fezoo have shown every sign of price explosion right from presale with expectations of 20X return. 

How is the crypto market responding to Bitcoin Halving?

As expected, the first response to the halving event on April 21 was the slash in Bitcoin transaction fees. This time around, there was an immediate hike post-halving. Shortly after the halving, transaction fees for medium-priority transactions rose to over $146 and $170 for high-priority transactions. A few days later, the transaction fees dropped significantly and are now aligning with predictions.

In response, there have been increased transactions, signifying a spike in trading movement across the crypto market. According to CoinMarketCap, Bitcoin has surged by 4.85% since the halving event, with expectations of a significant surge in the coming weeks.

Despite market fluctuation, Solana stakes major holding

In recent times, several events and decisions have thrown Solana holders into a jittery mood, from the price correction to the market fluctuations and now the staking arrangement.

The primary cause of unrest is the decision to stake a whopping $24 million in tokenized Solana locked on Lido, a staking platform. While staking is standard practice, this procedure is sketchy as stakeholders were unaware of the platform’s financial unsustainability and faulty smart contract. Recently, these stakeholders were informed that Lido had ceased operation, and the staked $24 million remains trapped.

Since the stakeholders became aware, Solana has recorded a 22.1% decline in the past month. While Solana stood at $190 before the halving, it has dropped to $147.29 and might fall further in the coming days.

You might also like: Fezoo’s Stage 1 presale becomes a hotspot for Kusama and TRON fans

Fezoo draws interest and attention with 20x returns

Crypto investors and traders have been seeking a viable and reliable alternative to centralized exchanges for a while now. No wonder there has been increased interest and attention around Fezoo, as it presents a decentralized exchange platform where traders can connect and transact for just $0.013 with a 20X return.

Currently, in the presale stage, Fezoo holders will completely control their funds when they set up their wallets by entering their email addresses and usernames. When you invest in Fezoo at its presale, you enjoy lower trading fees and can use trading bots to make copy trades. This trading bot helps you prompt your trade orders instead of manually putting them.

Fezoo offers a sophisticated VIP program that rewards users for their trading activity. Unlike other exchange platforms that charge for every trade, Fezoo encourages more trading by offering rewards and kickbacks. The more you trade, the higher your rewards and the more you can move up the ranks. And the cherry on top? More trading on Fezoo can attract up to a 70% kickback.

To learn more about this project, visit the Fezoo presale website. 

Read more: Fezoo exchange to disrupt crypto trading with support from Stellar and Uniswap communities

Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

Rebel Satoshi is a new meme coin on Ethereum with RBLZ and RECQ tokens. It aims to disrupt the market, offering staking, NFTs, and gaming. 

The RBLZ presale had a 150% ROI, and the RECQ presale (Stage 1) surged 85% to $0.0037.

Binance burned nearly 1.95 million BNB tokens worth $1.17 billion, aiming to reduce the total supply to 100 million. Such burns boost token value. BNB traded between $278 and $345 until February, surged 110%, and then consolidated around $610.

Solana surged 88% in six months and 56% in 2024, ranking among the top 10 altcoins. Its network handles over 30% of daily crypto transactions. Nubank’s integration allows ETH, BTC, and SOL transactions, boosting SOL’s adoption and value.

In this overview, we dive into three significant developments that are shaping the crypto sphere: Rebel Satoshi’s RECQ disruptive entry into the meme coin space, Binance’s strategic token burn initiatives with BNB, and Solana’s impressive performance and integration into mainstream finance through Nubank. Although BNB and Solana are surging, investors are turning to Rebel Satoshi’s RECQ to balance their portfolios.

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RECQ: Redefining meme coins 

Rebel Satoshi is the latest entrant in the top meme coins space and is hosted on Ethereum’s network. Notably, Rebel Satoshi operates using a dual-token concept featuring RBLZ and RECQ.

In that context, the project strives to unleash a decentralized revolution in the market inspired by the ideals of Satoshi Nakamoto and Guy Fawkes. Rebel Satoshi is designed to challenge the centralized market forces and take back control of the crypto market from the elites.

Rebel Satoshi is not a simple meme coin. It has a large and active ecosystem that is designed to enable it to reach a $100 million market cap in the market. 

Notably, Rebel Satoshi’s ecosystem features staking pools, exclusive merchandise, a cool NFTs vault, and a gaming arcade. The two tokens, RBLZ and RECQ, govern this ecosystem. During its RBLZ presale, Rebel Satoshi generated a 150% ROI and is now conducting its RECQ presale.

RECQ’s token presale is now in Stage 1, valued at $0.0037 after surging 85% from the starting price of $0.0020. Hence, the current RECQ investors will enjoy a profit of 237.8% and might even begin the next bull market. This has made RECQ one of the best altcoins to buy and enjoy massive returns.

Binance’s strategic token burn fuelling BNB’s value

On April 23, 2024, the Binance Foundation completed its 27th quarterly BNB token burn executed by BNB Chain. In this process, 1,944,452.51 BNB tokens were burned, valued at nearly $1.17 billion at the time of the burn.

The Binance burn happens every quarter and is completed automatically with the assistance of the Auto-Burn formula. The main aim of the process is to reduce the total supply of BNB tokens to 100 million. Currently, the total supply is at 149,532,856 BNB tokens.

Top altcoins initiate such burns to boost their prices by reducing supply, which increases the value of BNB tokens. BNB displayed a neutral trend by trading in a closed range between $278.00 and $345.50 until mid-February. As volatility in the market intensified, BNB gained 110% before encountering rejection near $635.15. Since then, BNB has been trading in a consolidated range between $506.55 and $635.15.

On April 24, BNB was trading at $610.69, up 11.56% in the past week. Experts say BNB will rise to $642.05 by the end of April, supported by bullish momentum in the market. Hence, it is a good crypto to buy now.

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Solana’s resilient performance and mainstream adoption

In the past six months, Solana has enjoyed a strong performance, marking an 88% surge and a remarkable growth of over 56% since the start of 2024. Solana features among the top 10 altcoins list and has maintained a strong presence in the Layer-1 blockchain industry. Notably, based on the latest analytics, Solana’s network is handling over 30% of daily crypto transactions.

Elsewhere, from April 22, 2024, Nubank announced that app users will have full access to execute deposits and withdrawals involving Ethereum, Bitcoin, and Solana. The bank guarantees that its app’s main crypto screen will display these features, supporting a smooth user transaction process.

The incorporation into the Nubank app will increase Solana’s adoption rate. Analysts believe that these developments and partnerships will propel Solana towards new heights.

On April 24, Solana was trading at $157.75, up 15.05% in the past week. Experts believe Solana will rise to $173.65 by the end of April, supported by developments and partnerships on its network. Thus, it is one of the best altcoins to invest in.

To learn more about this project, visit the Rebel Satoshi website or join the community. 

Read more: Rebel Satoshi emerges as SOL, LINK investors’ choice as halving excitement ends

Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

Solana (SOL) integrated CCTP, enhancing blockchain interoperability. The SOL price surged by 24% and is expected to reach $190 by June 2024.

The Fetch.ai (FET) community backs the ASI alliance, which aims to unify tokens for a centralized AI platform. The FET price increased by 41% and is expected to rise further.

The Milei Moneda (MEDA) presale raises millions at $0.0125, targeting 60% growth by the May 21 launch. 

While the crypto market prepares for the next bull run, Solana (SOL), Fetch.ai (FET), and Milei Moneda (MEDA) emerge as key players in DeFi, AI, and meme coins. Each of these top crypto coins offers unique opportunities for investors to capitalize on innovation and potential gains.

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Solana’s CCTP Integration: fostering interoperability and innovation

In March 2024, Solana integrated Circle’s Cross-Chain Transfer Protocol (CCTP), significantly enhancing interoperability within the blockchain space. This integration allows developers within the Solana ecosystem to swap USDC tokens seamlessly with Ethereum and other prominent blockchains. By embracing CCTP, Solana reaffirms its dedication to fostering a more interconnected DeFi landscape, reinforcing its position as one of the top DeFi projects. 

This development led Solana to move up on the charts over the past few weeks. Moreover, this development could further pump the SOL price to the $190.00 region by June 2024.  

Moreover, this strategic integration positions Solana as a key player in the ongoing efforts to improve cross-chain interoperability and amplify the utility of digital assets. It also underscores the crucial role of collaboration in propelling innovation and adoption within the cryptocurrency industry amidst its continuous evolution. 

Fetch.ai’s community backs ASI Alliance proposal with AGIX and OCEAN

The Fetch.ai community has overwhelmingly supported the proposal to join the Artificial Superintelligence Alliance (ASI), with over 99% of members endorsing the initiative. 

This marks the most significant governance effort on the Fetch network, garnering a remarkable 99.8% approval rate. Spearheaded by SingularityNET, Fetch.ai, and Ocean Protocol, the ASI aims to unify AGIX, FET, and OCEAN tokens into a single ASI token to establish a centralized AI platform amid growing industry competition. 

Meanwhile, the voting process, spanning multiple blockchain networks, saw active participation from each community. Fetch.ai’s involvement underscores its commitment to advancing AI and blockchain technology.

As the alliance progresses, Fetch.ai is positioned to lead innovation in the evolving AI landscape, leveraging collective expertise and resources to drive transformative change. 

This development has seen FET exhibit an upward trajectory on the charts in April 2024. Experts are optimistic that a continuous surge will take the price of Fetch.ai to the $3.00 region, proving to be a good crypto to buy. 

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Milei Moneda presale raises millions

Milei Moneda has captivated investors, raising millions in its presale phase at $0.0125, with a potential 60% ROI upon its May 21 Uniswap launch price target of $0.020. 

This potential top ten cryptocurrency combines deflationary tokenomics, community engagement, and meme culture, distinguishing itself in the crypto sphere. Inspired by Argentine President Javier Milei, it embodies defiance, economics, and humour, making it a unique investment proposition. Moreover, with a total supply of 500,000,000 MEDA tokens, MEDA aims for broad community participation and transparency. 

As it gains traction, Milei Moneda presents an enticing opportunity for both seasoned investors and newcomers seeking significant returns as the best crypto investment. Whether it’s about economic freedom or decentralized finance, Milei Moneda stands out as the best crypto to invest in 2024. 

Conclusion 

As the cryptocurrency market continues to evolve, Solana, Fetch.ai, and Milei Moneda stand out as promising assets, demonstrating strong growth trajectories and innovative approaches. Therefore, investors seeking diverse opportunities in DeFi, AI, and meme coins should consider these projects for potential gains in the ever-changing crypto landscape.

To learn more about this project, visit the Milei Moneda presale website or join the community.

You might also like: SOL, ETH surge while Milei Moneda presale continues to attract investors

Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

NuggetRush (NUGX), a new GameFi project, is attracting players and investors.

Jupiter’s JUP token, launched in January 2024 on Solana’s blockchain, offers a unique blend of liquidity aggregation and perpetual futures backed by community governance via the JUP token. 

Sui’s collaboration with BytePlus brings cutting-edge Web3 solutions, boosting the adoption of Sui’s blockchain. Sui Overflow’s funding doubled to $1 million, attracting global developers. SUI’s value surged to $1.40, with experts projecting a rise to $1.77 by April-end. 

NuggetRush is a leading NFT gaming project with a soon-to-launch mining game, attracting players and investors in the play-to-earn sector. It offers unique gameplay in a mineral-rich ecosystem, rewarding players with high returns.

The launch of Jupiter’s JUP token on January 31, 2024, sent shockwaves through the cryptocurrency market, drawing attention to its innovative approach and potential. On the other hand, Sui’s strategic collaboration with BytePlus and the success of Sui Overflow were bolstered by a doubling in funding. 

Yet, NuggetRush’s emergence as a dominant force in NFT gaming captured the imagination of investors. Here is why Jupiter and Sui’s investors are turning to NuggetRush.

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Jupiter: Transforming crypto with decentralization, governance, and growth

Jupiter launched its JUP token on January 31, 2024, and caused a buzz in the entire crypto market. In that context, Jupiter launched on Solana’s blockchain as a liquidity aggregator for token swaps but has since expanded to feature perpetual futures. Jupiter’s governance token, JUP, enables community members to vote on critical decisions about the platform’s operations and developments.

Interestingly, Jupiter gave away a huge amount of its digital tokens worth about $700 million to a million crypto wallets to promote decentralization. Jupiter’s airdrop ranks among the biggest giveaways in the crypto space, making it one of the best new cryptos to invest in. Notably, the team designed the platform in a manner that the people using Jupiter (JUP) get rewards for participating and using the platform.

In February 2024, Jupiter gained 200%, but after the crypto crash, it lost over 40% of that value. However, Jupiter has since stabilized to trade at $1.21 on April 23, 2024, up 22.46% in the past week. Experts say JUP will rise to $1.35 by the end of April, supported by increased demand for the token. Thus, it is a good crypto to buy today.

Sui powering web3 innovation with BytePlus partnership

Sui recently collaborated with BytePlus, ByteDance’s technology division, to offer BytePlus services and solutions for Web3 social and gaming platforms. Additionally, the partnership will also encourage the increased use of Sui’s blockchain.

Interestingly, Sui has also seen funding for Sui Overflow, the first-ever global virtual hackathon that focuses on developing new and remarkable products on Sui’s blockchain, which has doubled recently with supporters contributing funds.

Originally set at $500,000, after massive support from external backers, Sui Overflow’s funding pool increased to $1,000,000. The large rewards pool is attracting developers from around the world to create products on Sui’s network and present them to a panel of judges. With all these developments, SUI surged significantly.

On April 23, 2024, SUI was valued at $1.40, up 21.48% in the last week. Experts believe SUI will rise to $1.77 by the end of April, supported by developments on its network. The growth potential enables it to rank among the top altcoins in the market.

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NuggetRush revolutionizing NFT gaming

NuggetRush is an NFT gaming project that has dominated the crypto industry since it was launched. Its mining game attracted players and investors because of the growing interest in the play-to-earn industry. NuggetRush features distinct physical utilities integrated into a mining adventure. 

Interestingly, NuggetRush players explore a mineral-rich ecosystem that makes the project’s gameplay worthwhile.

Investors and gamers are interested in NuggetRush since it is an ideal opportunity to make money from a cool NFT gaming platform. Notably, this platform has been developed for players who love thrillers and adventures, with a promise of potentially high rewards. 

Completing different NuggetRush challenges entails the use of entrepreneurial NFT characters and skilled miners. Each character has unique capabilities, meaning the kind of characters you select will affect your mining efficiency.

Gamers with increased efficiency qualify for highly attractive rewards. However, NuggetRush enables participants to boost their mining efficiency. NuggetRush players can upgrade their efficiency by training better workers and buying efficient equipment. Completing group tasks and joining mining pools enhance a player’s mining efficiency.

NuggetRush’s launch on Uniswap created a buzz in the crypto space, with the token’s profit prospects surging, making it one of the best crypto investments. Early NUGX investors are guaranteed to make huge profits as the project executes and achieves milestones, helping increase its value considerably.

To learn more about this project,  visit the NuggetRush presale website.

Read more: XRP, VeChain predicted to surge as NuggetRush gains GameFi spotlight

Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

The well-designed AI-based altcoin Borroe Finance (ROE) from the Polygon Blockchain looks bullish with its innovative approach to DeFi (Decentralized Finance).

A chain of events, including technology issues and just the general volatility of the market, led Solana, a top blockchain platform that stands out for its speed and affordability, to go through some challenges. 

Solana’s challenging week

Solana has earned a name recently for its speedy transaction times and scalability, which has lured developers and projects from other blockchain ecosystems. Despite this, Solana (SOL) has been in a difficult period, with its price down 1.5% on a daily basis and 13.5% on a monthly basis.

Users have reported occasional outages and slow transaction processing times, which have raised doubts about Solana’s reliability, and as a result, users’ trust and investors’ sentiments have been shaken.

In a wider picture, Solana’s performance is part of a larger trend, and the overall crypto market has demonstrated resilience since the start of the year.

However, Solana’s main advantage is its ability to handle thousands of transactions per second, which makes it a good choice for users and developers who are looking for instant and cheap transactions. This has resulted in Solana being adopted into more projects, including a plan for Helium, a decentralized wireless network, to transfer from its own blockchain to Solana.

The recent price movement of Solana has not affected the underlying strength of its fundamentals, which include a strong ecosystem and continuous development efforts. 

Presently, Solana (SOL) is trading at $148.92, with a crypto market cap of over $66 billion.

You might also like: Experts: Borroe Finance’s hyped presale could pave the way for huge gains

Borroe Finance (ROE) Presale 

Borroe Finance (ROE) is seizing the opportunity to innovate and accelerate the development of DeFi. 

Borroe Finance’s presale has been the focus of great interest, with those participating in it looking ahead to a bright future for the project. The ongoing final presale stage of the token, which is valued at $0.020 for each ROE governance token, points to a growing excitement among investors to trade on the best cryptocurrency exchanges.

The fundamental strategy of Borroe Finance (ROE) is based on long-term profit-making, which ensures that the coins do not lose their value over time. This is a holistic approach supported by AI-powered solutions.

Borroe Finance (ROE) is a unique platform that features AI-based funding and a multichain NFT marketplace with discounted rates for artists, startups, and brand builders while also targeting investors and collectors.

A primary determinant of the platform’s preparedness for enormous strides is the project’s confidence in its ability to disrupt the web3 status quo and the traditional pool of capital in the digital world.

Besides the fast and easy approach to capital raising, Borroe Finance (ROE) is another exception. It has a built-in NFT marketplace where content creators can gain rewards and raise funds for expansion.

Borroe Finance’s focus on Artificial Intelligence underscores its potential to compete in the digital asset space over the long term. By integrating advanced technology, Borroe Finance offers a unique proposition that positions it well for future growth and investor interest.

The project objective is to pioneer the phasing out of conventional financing routes and the commencement of the digital-age fundraising revolution in the Web3 era, thus establishing a platform in line with the main principles that is fair, open, and easily accessible by the participants.

The target audience for ROE’s token is viewing the privilege of getting a high APY as a big advantage. It can be illustrated by the example of the ongoing presale when the coin moved from $0.010 to its current price.

The ROE governance token operates as a deflationary currency aimed at keeping the whole amount of tokens low when running a transaction by burning just a small part of them so as to preserve scarcity.

You might also like: SOL, DOGE show modest gains as Borroe Finance steals the spotlight

The main benefit of this method of investment is that it is supposed to incorporate long-term investors, those who are more inclined to Hodling their assets.

Borroe Finance (ROE), under Maxim Prishchepo and Michael Price’s rule, has embodied the concepts of transparency and standard of work.

As evidence of Borroe Finance’s (ROE) efforts to build trust with its community and to strengthen confidence in its operations, the company engaged the services of BlockAudit to verify the integrity of its smart contracts and also made the smart contracts publicly visible. 

Notably, Borroe Finance (ROE) has successfully raised more than $3.9 million, and it will rise further when it lists on DEXs! 

To learn more about this project, visit the Borroe Finance presale website or join the community via Telegram | Twitter 

Read more: As Shiba Inu and Avalanche falter, investors turn to Borroe Finance

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Yuga Labs will restructure, expecting to result in team members’ layoffs.

Company Co-Founder and CEO Greg Solano presented a company memo announcing the restructuring. In his statement, he called today “tough.”

gm, really tough day today. I am hellbent on transforming yuga and getting us back to our roots, and that means making hard decisions. by far the hardest is saying goodbye to some talented team members. here was my message to the team this morning. pic.twitter.com/gBkoNf2iK3

— Garga.eth (Greg Solano) 🍌 (@CryptoGarga) April 26, 2024

“I am hellbent on transforming Yuga and getting us back to our roots, and that means making hard decisions.”

Greg Solano, Yuga Labs Co-Founder and CEO

In a message to the team, Solano noted that Yuga Labs had lost its way and that it intends to create a smaller, more flexible, and crypto-focused team with the restructuring.

“The creative-first spirit that dove this company from inception has been getting muddied by labyrinthine corporate processes. We work hard and we care but somehow end up with groups and committees. We plan more than we ship.”

Greg Solano, Yuga Labs Co-Founder and CEO

Solano noted that some of the company’s plans have already begun to be implemented. Yuga’s CEO stated that Farawaygg, the web3 game development firm that Yuga used to develop its Dookey Dash game and which recently acquired web3 games HV-MTL and Legends of the Mara, will allow Yuga to focus on creating 3D Otherside games.

On Feb. 21, Solano thanked former Yuga CEO Daniel Alegre and announced that he would take over his post. In the message, he added that he is “reinvigorated to be taking the reins for our next chapter” in the startup’s story.

In October 2023, Yuga Labs announced it was laying off employees from its U.S. team as part of a broader restructuring. The company decided to focus its force on developing Otherside, a gaming metaverse.

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Pro-crypto lawyer John Deaton will file an amicus brief in support of Coinbase’s motion for an interlocutory appeal.

According to Fox News reporter Eleanor Terrett, Deaton will file an amicus brief today, April 26.

🚨SCOOP: Massachusetts Senate candidate @DeatonforSenate/@JohnEDeaton1 is putting his #crypto law hat back on and will file an amicus brief in support of @Coinbase’s motion for interlocutory appeal later today.In the brief, Deaton highlights the urgent need for legal clarity…

— Eleanor Terrett (@EleanorTerrett) April 26, 2024

In the review, Deaton highlights the urgent need for legal clarity regarding digital assets, highlighting the U.S. SEC’s inconsistent approach to regulation and its detrimental impact on industry participants.

As evidence, the lawyer cites court cases such as Ripple, LBRY, and Telegram, as well as previous SEC statements on cryptocurrency and letters from various regulators and legislators expressing concerns about the regulator’s actions, Terrett noted.

Deaton criticized the SEC’s lack of consistency, including its changing stance on whether crypto tokens are themselves securities.

“Bitcoin is certainly distinguishable from other cryptocurrencies but claiming it’s not a security unlike other tokens because it doesn’t have an ecosystem, is just plain dumb.”

John Deaton, pro-crypto lawyer and Massachusetts Senate candidate

Deaton has been involved in cryptocurrency-related lawsuits, including filing a 2021 petition challenging the SEC’s lawsuit against Ripple, a security. Deaton announced his candidacy for the U.S. Senate earlier this year and criticized SEC Chairman Gary Gensler’s handling of the crypto industry.

Coinbase filed an appeal in two courts in April to challenge part of its ongoing litigation with the SEC. The company asked a higher court to consider whether a digital asset transaction that does not impose any obligations to the original issuer of the asset should be considered an investment contract, which would be regulated by the SEC.

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Nearly a week after the halving, Bitcoin Runes have achieved a milestone as observers and participants alike deliberate over the impacts of the new standard. 

According to a Dune Analytics dashboard, the Runes protocol on Bitcoin (BTC) has raked in $135 million in transaction fees on the cryptocurrency’s largest blockchain. On-chain data showed that tokens issued under the standard generated more than 2,100 BTC costs within a week. 

Runes fee data | Source: Dune Analytics, Cryptokoryo

Casey Rodarmor, the same mind behind the Ordinals protocol, developed Bitcoin Runes to improve the BRC-20 standard, which is touted to bootstrap defi on BTC’s network. 

Runes allows users to execute more efficient transactions and mint better-optimized tokens on BTC by tapping BTC’s UTXO format. The concept launched during the halving and has become a source of on-chain BTC activity ever since. 

Per Bitcoin Wallet Unisat, users have minted nearly 11,000 Runes, a flurry of blockchain participation that skyrocketed BTC gas fees shortly after the halving. However, fees have retraced in the days after Bitcoin’s quadrennial code switch, which cut block mining rewards by 50%.

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Analysts: Bitcoin Runes may benefit network long-term

Shipped at a block height of 840,000, Bitcoin Runes initially caused a surge in BTC transaction costs, but analysts do not expect this effect to remain in the long run. Bitcoin researcher Jade ARdinals shared with crypto.news that the additional load on BTC’s network was only caused by the token creation aspect, otherwise known as minting. 

The researcher explained that speculation around Runes triggered mass minting, adding an “artificial” burden on BTC block space. Analysts believe this pressure will subside but maintain that the Runes standard will attract more developers to Bitcoin. 

“Speaking broadly, the adoption of Runes has a generally positive long-term impact on the network, and the hype around their minting through airdrops will fade as the most sought-after tokens launched during the halving are minted out.”

Jade ARdinals on Runes

Runes have already captured a chunk of BTC’s on-chain activity. Crypto Koryo’s Dune dashboard reported that Runes tokens accounted for 45% of all Bitcoin transactions on April 25. 

Read more: CryptoQuant says miners maintain pre-halving pace despite upgrade

In a recent interview, Kinto co-founder and CEO Ramon Recuero shared insights on various aspects surrounding real-world assets, shedding light on potential impacts.

In the realm of institutional investments, the concept of real-world assets (RWAs) has been gaining traction, prompting discussions on its future trajectory during influential market events like the recent Bitcoin halving.

Regarding the impact of the halving on RWA investments, Recuero emphasized that while there might not be a direct effect, historical patterns suggest an indirect correlation.

“The halving has traditionally preceded the hype season of every cycle, increasing focus, attention, and capital directed at the space,” he said.

Recuero highlighted Maker DAO as a notable player, attributing its longevity and prominence in the space. Additionally, he mentioned other successful assets such as Backed, Centrifuge, Mountain Protocol, and the BUIDL fund by Blackrock, signifying a diverse landscape of winning ventures within the RWA sphere.

You might also like: Vitalik Buterin backs ETH PoS transition amid PoW debate

Recuero expressed a cautious outlook regarding a timeline for mainstream adoption of RWAs, estimating a timeframe spanning years to a decade. The Kinto CEO elaborated on the current predominant use case around access to tokenized U.S. treasuries, citing products like the BUIDL fund, Mountain USDM, and Maker as facilitators of on-chain access to short-term treasury bills.

However, Recuero noted that broader applications like home equity loans or tokenized equities may necessitate a more protracted adoption period.

Recuero anticipated short-term attention and flowed towards ETFs by institutional entities because of the recent halving, with a more substantial impact over the medium-to-long term.

“The halving affects supply at the margin, and it should create the base for the next bull market,” he said, indicating a structural shift in market dynamics with potential ramifications for various investment vehicles.

Recuero’s insights provide a nuanced perspective on the evolving landscape of RWAs, navigating the intersections of market cycles, institutional interests, and technological innovation.

As RWAs continue to garner attention and investment, the journey toward mainstream adoption remains a dynamic narrative shaped by diverse factors and stakeholders.

Read more: Franklin Templeton enables P2P transfers for $380m tokenized treasury fund

During the recent meme coin boom, a trader has reportedly made over $26 million in profits trading tokens on Solana.

According to Lookonchain analysts, on Nov. 11, 2023, paulo.sol noticed the increase in the price of Bonk (BONK) and invested in the asset. While engaged in swing trading, the trader earned about $6.28 million from price fluctuations.

What a legend!😱paulo.sol has realized profits of $9.51M on $WIF , $7.04M on $boden and $6.28M on $BONK .1/ Let's dig into his trades to see what he's buying.👇 pic.twitter.com/2axUwHb3el

— Lookonchain (@lookonchain) April 26, 2024

The user then started buying and trading Dogwifhat (WIF) on Dec. 4, 2023, followed by Jeo Boden (BODEN) in March. Both times were moments when meme coins began to rise sharply.

In total, paulo.sol earned a profit of $9.51 million and $7.04 million on the two coins trading at higher prices. Currently, the trader holds positions in BODEN for $7.6 million and in WIF for $5.7 million.

On the back of these gains, the trader has continued to add new coins to their collection. The crypto trader also recently purchased 9.3 million in Popcat, valued at $4.9 million, becoming the second-largest holder of the token.

You might also like: Token2049 panelists discuss meme coins’ role in crypto industry development

Crypto analyst Zia ul Haque praised the trader for his bold and effective maneuvers. According to him, the trader is not just lucky but conducted a thorough analysis of the crypto market’s movements.

Don't call him lucky, he has more conviction than others. Do research

— Zia ul Haque (@ImZiaulHaque) April 26, 2024

Despite gains such as these, crypto experts have urged traders to be careful when investing in meme coins on Solana. According to on-chain analyst ZachXBT, more than 40% of projects in the Solana ecosystem stopped further development a month after the presale.

The expert studied 27 projects that raised more than 655,000 SOL during the token pre-sale, 12 of which were found to be related to fraud.

You might also like: Surge in Bitcoin transaction fees linked to meme coin, Runes etching craze

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

One of the hottest meme coin presales to set tongues wagging right now is the WienerAI ICO. In little more than 5 days, more than $350,000 has been invested into this new project.

So why all the hype? Let’s find out.

WienerAI is a dog-themed meme token that is set to take the world by storm. Due to its artificial intelligence infrastructure, WienerAI has been built in order to facilitate any potential upgrades in the future making the coin extremely flexible and appealing to a border audience.

Generous staking rewards

Anyone who buys the WAI token with Ethereum has the chance to stake the tokens for passive income. Record token sales this week show that staking is one of the biggest attractions of the WienerAI project.

The 13.8 billion WAI tokens that have been reserved for staking rewards will be distributed over 2 years. 

At 3938 WAI tokens allocated for every Ethereum block processed, the estimated annual staking rewards are calculated at 1881%. This makes the project extremely attractive for anyone looking to get their investment working.

You might also like: Token2049 panelists discuss meme coins’ role in crypto industry development

WAI tokenomics

The native coin of the WienerAI project is WAI, and 69 billion tokens have been pre-minted in anticipation of high demand. Of the total token supply, 20% (13.8 billion) has been reserved for staking rewards, while another 20% has been earmarked for ongoing marketing purposes, with a final 20% reserved for community building. 

A further 10% have been held back to aid liquidity in the forthcoming DEX listing. Finally, 30% (20.7 billion) of the total token supply has been reserved for the ongoing presale and is available for purchase.

The presale is proving to be extremely popular and is selling out fast. Once you have made your purchase, your tokens will be air-dropped to you at the end of the presale. 

The WienerAI token presale is generating a lot of hype across the crypto community, with many influencers excited about the project.

The WienerAI presale allows buyers to purchase their $WAI tokens at a much lower price than the anticipated DEX listing price, meaning you have the chance to make a significant return on a speculative early investment.

There are several presale stages, each lasting two days, after which the price you pay for your WAI tokens increases. With the current price of $0.0007, there has never been a better time to buy.

If WienerAI can emulate the success of other dog-themed meme coins such as BONK or DOGE, then an early investment could prove very profitable.

You might also like: Memecoin developers rugpulled over $26m in pre-sales on Solana amid March’s craze

WienerAI roadmap

The WienerAI marketing strategy adheres to a comprehensive roadmap that has been written to keep the $WAI token community informed. 

The first stage involves a professional, smart contract audit conducted by Coinsult, the launch of the presale, and a worldwide marketing campaign.

The second stage sees the token receive a software upgrade and the takeover of the Ethereum meme coin market while the third and final stage is the listing of WAI on leading cryptocurrency exchanges such as Binance and OKX.

How to buy WAI

To get your hands on your very own WAI tokens, simply head to the official website and connect your wallet. You can choose to use Metamask, Wallet Connect, Best Wallet, or Coinbase Wallet.

Make sure you have enough crypto to cover your purchase. The presale accepts BNB, ETH, MATIC, and USDT, or if you don’t own any crypto, a debit or credit card can be used.

Choose how many tokens you wish to purchase and click ok to complete the transaction. Your tokens will be reserved and air-dropped to you once the token presale ends.

To learn more about this project, visit the WienerAI presale website or join the community via Twitter   Telegram.

Read more: A16z crypto CTO slams memecoins, say they paint ‘risky casino’ narrative

Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

Arguably the contemporary face of meme coin culture, Pepe has displayed relentless strength since its 2023 inception.

However, competition is heating up in the meme coin domain, so is Pepe still a buy? We answer this question today in our Pepe price prediction.

Pepe could outperform the market in 2024

Pepe has displayed relative strength against almost every major crypto asset since its 2023 launch. 

It is currently priced at $0.000007394, up 3% today and 49% this week but down 9% this month. It holds a $3.1 billion market cap and a $1.2 billion 24-hour trading volume.

Its market cap positions it as the 36th largest crypto, but its trading volume places it in the 11th spot, reflecting a keen market interest.

You might also like: Traders think Slothana could be the next big Solana meme coin

Pepe experienced 10x gains from its 2024 lows to its highs but subsequently retracted, retesting two key support levels forged on its ascent.

But following the support retests, it has displayed impressive strength, recovering over 50% of its selloff.

Based on this momentum and its exceptionally high trading volume, we could expect Pepe’s uptrend to prevail in the coming weeks.

The Pepe price chart above shows Fibonacci levels at $0.000015 and $0.000022, which could be the next resistance zones for the frog-themed meme coin.

When discussing Pepe’s strength compared to other meme coins, renowned trader Bluntz said, “Of all the major meme coins, Pepe looks the best. It has already cleared and reclaimed the (a) wave lows after turbo V reversing from the major 0.618 Fibonacci level.

Max Schwartzman, CEO of Because Bitcoin, also backs Pepe for continued bullish momentum.

“You can learn as much (if not more) from a rejection at a key level as you can from a breakout. No one enjoys a pullback, but they are necessary & healthy,” explained the analyst.

He continued, “After breaking out of a multi-month re-accumulation, Pepe tagged the 1.618 Fib extension. The good news here is that since the 1.618 is officially confirmed as valid and in play, the 2.618 and 3.618 are also valid and in play. 

I’m very bullish. I still expect multiples X’s to be accomplished over the next couple of quarters.”

Indeed, Pepe’s decisive recovery, combined with support from top industry experts, sets a bullish precedent for its future. However, analysts are also backing the new meme coin Slothana as a top gainer after it raised $15 million at presale.

You might also like: Slothana token set for DEX listing next week – next Solana meme coin to explode?

Slothana raises $15m; dwarfs Pepe

With a whopping $15 million invested into its presale, Slothana has struck a chord with profit-hungry degens hoping for similar success to other Solana presales like Book of Meme and Slerf.

The two projects soared exponentially after launching on exchanges, with BOME hitting a $1 billion market cap in two days and Slerf receiving coverage in Bloomberg and eclipsing Ethereum in trading volume.

But despite its laid-back nature, Slothana has out-maneuvered both of these projects in terms of presale total raises, raising over $15 million compared to BOME’s $2 million and Slerf’s $10 million.

While this reflects the immense market support behind Slothana, it’s not the only thing driving its hype.

Traders speculate that the anonymous Slothana team is the same crew that pioneered Smog. This uber-successful Solana meme coin soared over 100x to a $270 million market cap in February. 

And this is more than social media hearsay. Beady-eyed sleuths have spotted an undeniable connection between the teams, with Smog replying to Slothana’s first-ever X post when it had less than 50 followers.

With this in mind, Slothana looks primed to break more records and enjoy an explosive IEO. However, the presale ends in just three days, so potential investors must act quickly.

To learn more about this project, visit the Slothana presale website. 

Read more: Bonk, Dogwifhat down; Analyst says Slothana could 10x as presale ends in 3 days

Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.

Vitalik Buterin responded to reports of Ethereum community members bemoaning the switch from the old proof-of-work model to a proof-of-stake consensus. 

Amanda Cassatt, founder, and CEO of web3 marketing studio Serotonin, tweeted that several Ethereum (ETH) proponents were dissatisfied with the network’s current state. Cassatt stressed that the views were not personal and the posts mirrored conversations she was privy to.

The crypto founder also listed reasons opinionated by some community members. 

“Been interesting to notice a lot of Ethereum community members privately expressing the wish that it had stuck with pow instead of transitioning to PoS.”

Amanda Cassatt, Serotonin Founder and CEO

Also 3. Being connected to the real world, so the price of energy to power mining factors into the network

— amanda.eth (@amandacassatt) April 26, 2024

Ethereum co-creator Vitalik Buterin chimed into the conversation, highlighting that the proof of work (PoW) design held drawbacks that misaligned with the network’s long-term vision. 

PoW was also quite centralized. It was just not talked about as much, because everyone knew it was only a temporary stage until PoS.And that doesn't even get into how we probably mostly avoided ASICs only because the upcoming PoS switch meant no incentive to build them. pic.twitter.com/OhaqmRiiGJ

— vitalik.eth (@VitalikButerin) April 26, 2024

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Since its genesis block in July 2015, crypto’s second-largest blockchain, Ethereum, adopted a PoW consensus mechanism similar to Bitcoin (BTC). Miners were key players under this model, contributing to network security and ETH emissions to allow new tokens to enter circulation. 

This changed after “The Merge” in September 2022 when Ethereum moved to a proof-of-stake (PoS) infrastructure, replacing miners with stakers in a massive technological overhaul. 

Due to the PoS transition, proponents were divided. Some decried a switch in ETH’s fundamental ethos, while a group led by Chinese miner Chandler Guo even banded together to maintain a version of Ethereum’s PoW chain. 

The initiative dissolved its core team to adopt complete autonomy, but the project struggled to gain traction. As of April 26, the ETHW native cryptocurrency changed hands under $4 per CoinMarketCap. 

ETHW price chart | Source: CoinMarketCap

On the other hand, Ethereum’s main PoS chain has seen skyrocketing validator numbers and staking demand. Crypto.news reported in February that more than 25% of ETH circulating supplied has been locked away to secure the network and earn yield for participants.

Vitalik Buterin has also shared various proposals to decentralize staking further and simplify Ethereum’s PoS model.

Read more: Vitalik Buterin reveals details on next Ethereum update

BNY Mellon, the world’s largest custodian bank and the oldest in the U.S., has recently disclosed its investment in Bitcoin ETFs.

According to an SEC filing, the bank is exposed to BTC ETFs offered by BlackRock and Grayscale, underscoring the growing institutional interest in cryptocurrencies.

The U.S. SEC’s approval of 11 spot Bitcoin ETFs earlier this year marked a significant milestone for American crypto investors. This decision came after prolonged investor demand for such financial instruments.

ETF anticipation and subsequent approval triggered a surge in the crypto market, propelling BTC to a new all-time high of $73,737 in March. The demand for Bitcoin (BTC) ETF exposure reflects a broader trend of institutional investors warming up to the emerging asset class.

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Hong Kong’s financial authorities have approved spot Bitcoin and Ethereum ETFs, which are scheduled to commence trading on April 30. The approval signals the global acceptance and integration of cryptocurrencies into traditional financial markets.

CoinCodex predicts that Bitcoin will reach a new peak of $84,412 on May 25, possibly fueled by the launch of Hong Kong’s BTC ETF. Should the U.S. follow suit and approve a spot Ethereum ETF, it could ignite another significant rally in the crypto market, particularly for Ethereum.

Currently trading at a considerable discount from its November 2021 all-time high, Ethereum (ETH) stands to benefit from further institutional adoption.

Read more: BlackRock’s Bitcoin ETF sees $217m outflow

Ripple has switched its on-demand liquidity services for U.S. customers from XRP to Tether’s USDT stablecoin.

This follows a court ruling last year that found institutional sales of XRP tokens violated U.S. security laws. Consequently, Ripple has engaged entities outside the U.S. to facilitate sales of XRP to on-demand liquidity (ODL) clients, with U.S. clients now using USDT as a bridge currency for transactions.

Ok Matt. Didn’t have time yesterday but given that you were kind enough to cover this issue on YouTube I have followed up on the point you made about Ripple not having ODL customers and operating through overseas subsidiaries, in response to my concern that a wide injunction can… https://t.co/Lt2OflA9K6 pic.twitter.com/QmymbOEATV

— bill morgan (@Belisarius2020) April 26, 2024

Moon Lambo, an XRP YouTuber, claims that Monica Long, President of Ripple, emphasizes swift compliance with legal restrictions while ensuring uninterrupted ODL services for U.S. customers.

Ripple President Monica Long says they don't have any ODL customers. According to Ripple's latest filing, a Singaporean subsidiary has ODL customers using $XRP , but Ripple itself does not. Would an injunction to stop's Ripple's ODL apply to Singaporean subsidiary? If not, then as…

— Moon Lambo (@MoonLamboio) April 25, 2024

The YouTuber also stated that Ripple’s Singapore subsidiary is now the primary counterparty for XRP sales, indicating a strategic shift toward companies outside the U.S. to circumvent legal hurdles.

Additionally, internal communications revealed that Ripple has introduced minimum asset requirements for ODL clients with a threshold of $5 million to ensure financial sustainability. Exceptions are made for sophisticated organizations, reflecting Ripple’s commitment to protecting end customers in the face of regulatory challenges.

Moon Lambo also suggests that ODL transactions can continue unimpeded as long as they do not involve U.S. jurisdiction.

Following the SEC order in 2021, Ripple has taken steps to transition every ODL customer in the U.S. from using XRP to an intermediary currency, in this case, USDT. Last year, Ripple introduced a requirement that all ODL clients must have assets worth at least $5 million unless they are large financial institutions.

You might also like: Ripple asks court to reject SEC’s $2b claims

Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.

Amid a bustling Bitcoin market, a bullish XRP prediction and rising interest in KangaMoon contrast with Solana’s disappointing price drop.

With the current Bitcoin rush in the market, a prominent analyst’s recent XRP prediction has made headlines, suggesting that XRP could reach the $10 level. Similarly, another altcoin—KangaMoon (KANG) is gaining significant traction attracting whale’s attention.

In fact, experts are dropping huge projections on KANG, suggesting that it could become the next $1 altcoin of 2024. On the other hand, Solana’s sudden price drop disappoints investors.

You might also like: Crypto coins to consider ahead of Bitcoin halving: TRX, SOL, KangaMoon

Armando Pantoja’s bullish XRP price prediction

After riding a bullish wave, XRP’s price is experiencing a downturn. CoinMarketCap data reports that the price of XRP declined from $0.61 to $0.50 in the past week alone. During the same period, its market capitalization rose by 2% to reach $27.39B. Additionally, XRP’s 24-hour trading volume is witnessing a staggering over 50% outflow, reflecting low trading activities.

Amid all these bearish sentiments, crypto analyst Armando Pantoja is bullish about XRP, suggesting that the coin could trade between the $10-$20 levels soon. XRP technical analysis outlines a bullish trend, with 27 indicators flashing green. The XRP crypto is also trading above its 100—and 200-day EMAs. Thus, experts have made bullish price predictions for XRP, suggesting that the XRP price could reach $0.81 by 2024.

You might also like: Altcoin Sherpa remains bullish for BTC, while Dogwifhat, KangaMoon surge

Solana price downtrend influenced by bearish markets

Meanwhile, Solana (SOL) has experienced a significant price drop attributed to the overall bearish market. Over the past 30 days, Solana price witnessed a decline from $181 to $143, a staggering 20% outflow. Similarly, its 24-hour trading volume dropped by 43%, suggesting low trading activity on the network. In any case, the altcoin’s market capitalization rose by 2% to reach approximately $63.83B, according to CoinMarketCap.

The sudden drop has disappointed investors who had hoped the price of Solana would rise ahead of the BTC halving event. The sudden Solana price drop has resulted in the liquidation of $36.55m worth of traders’ long positions. Despite this, traders remain optimistic, considering the current price drop as a good opportunity to buy the dip.

You might also like: Analyst: $1.70 breakout for Cardano; KangaMoon presale heats up as Solana dips

KangaMoon shows strong presale activities

KangaMoon has been making headlines, with its 5th presale stage having accumulated over $5m. Being a unique altcoin, KangaMoon intends to become a top altcoin in 2024 by breaking the $1 price mark once listed among the tier-1 crypto exchange platforms. KangaMoon is currently on track to hit $7 million by the end of April.

Unlike most memecoins, KangaMoon has managed to stand out as it offers actual utility. With KangaMoon tokens, players can easily upgrade their gaming characters and purchase in-game assets in the upcoming KangaMoon play-to-ear game. The platform also intends to provide the KANG holders with different weekly, monthly, and even quarterly challenges so as to obtain more tokens.

Additionally, the platform’s unique approach, which is community-driven, is quite outstanding. With such an approach, KangaMoon will allow its most active users to acquire free KANGs even before its launch. With more than 20,000 registered members, KangaMoon aims to ensure a high social media presence, as members will be rewarded for posting and sharing KangaMoon’s social media content.

KangaMoon currently has a price tag of just $0.196, which is an impressive surge from the previous price of just $0.005. However, its link to the P2E gaming market, which is projected to reach $885 million by 2028, gives it a better chance of rising by up to 50x.

You might also like: Cardano’s Chang hard fork sparks interest; eCash and KangaMoon to top charts in 2024

Conclusion

While the likes of XRP and Solana might have a better advantage over KangaMoon, this altcoin still has what it takes to be listed among the top altcoins of 2024. Investors should, therefore, consider taking advantage and invest, given that early investors are already enjoying a 290% ROI.

To learn more about Kangamoon, visit the website or join the Telegram community. 

Read more: Altcoins under $1 that could see a massive surge: Cardano, Tron, KangaMoon

Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.

The spot Bitcoin ETF sector is again in the red zone, experiencing a capital outflow of $217 million on April 25.

According to SoSo Value, funds did not move in five ETFs, including BlackRock’s iShares Bitcoin Trust ETF (IBIT). This is the second day in a row that the BlackRock fund has not recorded an inflow of capital.

Source: SoSo Value

In addition to the Grayscale Bitcoin Trust ETF (GBTC), outflows were recorded in four ETFs, including the one from Fidelity Investments and ARK Invest/21Shares.

Despite the latest trend, IBIT was among the top 10 ETFs with a long period of uninterrupted capital inflows. However, since the beginning of March 2024, capital inflows into the fund have declined.

Source: SoSo Value

The average volume of capital inflows into spot Bitcoin ETFs has also slowed significantly in recent weeks. Bitwise CEO Hunter Horsley says many institutional players in the market are still secretly preparing for large infusions of funds into crypto-based instruments.

Horsley is convinced that spreading a new class of digital assets will help the crypto market become even more attractive to investors.

By the end of 2024, people are going to be stunned by how many wealth management firms own a bitcoin ETF. They’re smart, many extremely well informed, and increasingly share conviction on Bitcoin. Oh, and they’re long only. Going to be an amazing new constituent in the…

— Hunter Horsley (@HHorsley) April 20, 2024

Recently, investor interest in cryptocurrency-based products has weakened. Over the past week, $206 million was withdrawn from crypto products for large professional investors, CoinShares analysts have noted.

You might also like: Spot Ethereum ETFs reportedly facing potential SEC denial

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

DeeStream emerges as a leading presale opportunity, enticing Chainlink and Cosmos investors with its potential for huge gains.

Chainlink was undoubtedly one of the stars in the last Bitcoin halving and bull market of 2020 and 2021, as was Cosmos. However, the narrative is changing in 2024 and 2025, and Chainlink and Cosmos are yesterday’s news. Neither is expected to retest their 2021 all-time highs in the next bull run, much less turn in anywhere remotely close to a 100x. In short, they have already peaked.

The action, instead, is squarely focusing on low-cap gems that haven’t mooned yet. One of the most promising presale investment opportunities is DeeStream, which investment analysts predict has the potential to generate a huge gain in the next bull market. 

You might also like: DeeStream attracts interest from AVAX, XRP fans amid Bitcoin halving

Is Chainlink past its prime?

Chainlink hit all-time highs of $55 in 2021, becoming a lottery ticket for investors who bought in when LINK token prices were sub-$1—or better yet, when it was still in its presale phase. However, fast forward to 2024, and Chainlink has become one of the worst laggards among the top 20 cryptocurrencies by market cap, dumping heavily each time it appears to begin to rally.

Since then, LINK has been minting lower yearly highs and much lower lows in the past 3 years. Currently, LINK trades at a lackluster $15, struggling to break out even past $20.

You might also like: Dogecoin, TRON, whales join DeeStream’s presale frenzy for potentially big returns

Cosmos begins long road back to $10

Not too long ago, Cosmos and its native token ATOM were riding high off the Bitcoin halving speculation, trading at $14 in mid-March until trading back down to the $12 range at the beginning of April.

However, ATOM prices took a nosedive all the way down to $7.40 in the past week, losing nearly 40% of its value in a week’s time. ATOM has clawed back all its gains in the past 12 months. Currently, ATOM trades at $8.50, attempting to rally back to the $10 range.

You might also like: USDC and Polkadot investors gear up for DeeStream milestone

Chainlink and Cosmos holders among early DeeStream investors

Chainlink and Cosmos holders are streaming into one of the hottest presale investment opportunities of 2024: DeeStream. DeeStream is building the first and only viable contender to centralized live streaming platforms like YouTube, Twitch, Kick, and TikTok, enabling content creators to engage their audiences and earn more from their content creation efforts.

DeeStream is building the next-generation infrastructure for decentralized video streaming, while opening up a world of financial incentives and income streams for content creators and users alike with its DST token. 

Currently, DST is available at $0.066 per token, making it the perfect presale investment opportunity for investors looking for the rare 100x gain. Prospective investors need to act fast, because stage 2 of DeeStream’s presale is on pace for a sellout. 

To learn more, visit the DeeStream website.

Read more: NEM, BTC holders eye returns as ETH plunge leads to DeeStream interest 

Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

Mega Dice’s ICO surges to $500k, signaling strong investor confidence and setting the stage for potential market dominance akin to Rollbit.

The world of crypto gambling is witnessing something of a renaissance right now. At the center of this decentralized whirlwind is Mega Dice (DICE) which is an established crypto casino platform that has recently launched its very own token presale. 

In little more than 2 weeks, the Mega Dice token presale has raised more than $500,000 from eager early investors looking to generate returns.

You might also like: Mega Dice Casino launches DICE token, surpasses $500K in presale

Presale results driven by accessibility and utility

It has to be said that the Mega Dice presale has exceeded all expectations so far and surpassed its initial targets with ease. One of the core drivers behind the token’s success is the user-friendly nature of the Mega Dice platform.

In order to participate in the presale interested investors simply have to connect their preferred crypto wallet, choose whether to use ETH, BNB, or Sol, and click ok to complete their purchase of the native token DICE.

Once the presale ends, the team behind the Mega Dice platform aims to list the DICE token on leading centralized exchanges such as Binance and OKX in a bid to further boost its visibility and potential price appreciation.

However, impressive presale numbers are also backed up by community hype which has been generated by a number of lucrative airdrops. As you might have already heard, Mega Dice has sidelined a massive $2.25 million to be used as airdrop rewards over a three-season-long promotional campaign. 

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Lucrative airdrops and player perks fuel community hype

While season 1 has $750,000 reserved for players who wager a minimum of $5,000, players who continue to bet through the presale and beyond have a chance to receive a share of the $1.5 million prize pool in seasons 2 and 3.

This is proving to be a great way to incentivize players and has gone some way to account for the $500,000 raised in the past 2 weeks alone. What’s more, the benefits offered by the platform extend beyond airdrops. By staking DICE tokens users can also be in line to receive a share of the casino’s profits as passive income. 

Furthermore, limited edition NFTs are attracting some serious attention alongside a healthy 25% referral commission program for those who enroll their friends. Such strong Mega Dice promotions have certainly caught the attention of crypto influencers.

As the ongoing presale continues to generate attention, it must be said that the Mega Dice platform is something of an established name in the world of crypto gambling. With more than 50,000 members, the Mega Dice platform has over 10,000 active players generating more than $50 million in monthly revenue.

One of the great attractions of the Mega Dice token presale is the fact that the native token DICE is already used on the platform as a form of in-house currency. Players at the casino can waive fees by using the DICE token to gamble and each time they use the token, they are rewarded with more. This token utility is what is making demand for the DICE token so high.

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Mega Dice aims to become the next Rollbit

By looking to capitalize on its operational experience, robust product, online reputation, and forward-thinking and ambitious management team, Mega Dice is looking to become a major player in the GameFi and GambleFi spaces.

Whether Mega Dice has the potential to become the next Rollbit, only time will tell. That said, Mega Dice’s combination of established brand presence, feature-rich product offering, and impressive presale performance make it a GambleFi token to keep a very close eye on over the coming weeks.

To keep up to date on all the latest news, users can follow the project on X and join the exclusive Telegram channel.

To learn more, visit the Mega Dice Token Presale.

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