Ethereum’s leading wallet, MetaMask, is reportedly planning to add native Bitcoin support, potentially expanding its multi-chain capabilities and further enhancing its user offerings.

Is Bitcoin Coming To MetaMask? 

According to sources familiar with the matter, MetaMask, the leading Ethereum-based crypto wallet, is set to bridge a significant gap in the cryptocurrency world by adding support for Bitcoin (BTC). While the exact timeline remains unclear, one insider suggests that access might be available within the next month. Another source, however, indicated that the feature is still under development, with several aspects yet to be finalized.

MetaMask's Multi-Chain Ambitions

MetaMask, developed by Consensys, has primarily connected users to Ethereum’s blockchain, making it the most-used wallet within that ecosystem. While MetaMask does not directly facilitate Bitcoin transactions, users can engage with Wrapped Bitcoin (WBTC), a tokenized version of Bitcoin that operates on the Ethereum blockchain and is pegged 1:1 to Bitcoin. This token serves as a bridge between Bitcoin and Ethereum’s decentralized applications (dApps).

A MetaMask spokesperson commented, 

“We’re excited about MetaMask’s commitment to embracing the multi-chain world of web3 and continually exploring new integrated features to enhance the usability and security of the leading self-custodial wallet. While we can't confirm any timeline for specific developments at this time, we're always working on innovations to serve our users better. Stay tuned for further updates when we're ready to share more."

Expanding Beyond Ethereum

This potential expansion is not MetaMask’s first venture beyond Ethereum. In 2023, MetaMask introduced Snaps, JavaScript applications enabling cross-chain interoperability, allowing different blockchain networks to interact without intermediaries. 

Additionally, in March 2024, MetaMask was reportedly testing an entirely on-chain payment card utilizing Mastercard’s payment network, aiming to create a decentralized Web3 payment solution.

MetaMask has already helped users navigate a smart contract-based environment built on Ethereum and supports Ethereum Virtual Machine (EVM) networks like Avalanche, Polygon, Optimism, and Arbitrum. 

Potential Implications and Market Impact

If the addition of native Bitcoin support materializes, MetaMask users will soon be able to manage Bitcoin directly within the wallet. Beyond basic BTC support, integrating Bitcoin token offerings like Ordinals and Runes could significantly boost the Bitcoin ecosystem. With over 30 million monthly active users, MetaMask’s adoption of Bitcoin might reposition it as a leading multi-chain wallet.

This move comes as MetaMask faces growing competition from newer wallets like Magic Eden Wallet and Phantom, which have gained traction by catering to multi-chain crypto users. Combined with the capabilities of MetaMask Snaps, the integration of native Bitcoin support indicates that MetaMask is poised to remain competitive in the evolving multi-chain landscape.

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 esports betting market has experienced significant growth in recent years. A report from the UK Gambling Commission reveals the esports industry saw a remarkable increase in live betting by 8% in 2023, raking in a total of £589 million. Cryptocurrencies like Bitcoin have been the driving force behind the esports betting industry’s growth. This is due to crypto and blockchain technology allowing esports betting platforms to offer new features and experiences, like transparent odds, decentralized betting, and automated payouts using smart contracts. Cryptocurrency has also helped them develop new esports betting platforms designed specifically for crypto users, shaping the industry’s future.

The Increasing Adoption of Cryptocurrencies

Gambling platforms like crypto casinos are expanding beyond just supporting Bitcoin and are now offering players a wide range of cryptocurrency options to choose from. These include other popular altcoins like Ethereum, Solana, and Dogecoin. According to Alexander Reed from 99 Bitcoins, most crypto gambling platforms accept various cryptocurrencies, including Tether, to bet on live sporting events like the NBA and the UEFA Champions League.

The benefits of using cryptocurrencies on esports betting platforms include faster processing times, lower transaction fees, and increased anonymity. These benefits drive more players to adopt digital assets over traditional fiat currency. As cryptocurrencies become more mainstream and user-friendly, their adoption in the gambling sector is expected to increase and accelerate the platforms even further.

Integration of Decentralized Finance

Bitcoin casinos and esports betting platforms are integrating decentralized finance (DeFi) protocols to improve the betting experience. Using smart contracts through DeFi allows for transparent, trustless betting, and automated betting, eliminating the need for intermediaries and giving players greater control over their funds. With DeFi, crypto gambling, and betting platforms can provide features like provably fair odds, instant payouts, and direct interaction from players with betting smart contracts. This integration of DeFi is viewed as a major step in creating a more transparent and secure gambling environment.

The Rise of NFT-based Betting 

Crypto gambling platforms use non-fungible tokens (NFTs) to create unique in-game items, betting tokens, and collectibles to improve the overall betting experience for players. These NFTs allow players to own, trade, or use them within the esports betting platform. Integrating NFTs provides players with increased engagement and ownership opportunities, as they can collect, display, and potentially profit from these digital items. This trend is expected to grow as NFTs become more popular, with more players signing up and participating in the wider crypto and gaming sectors.

Move Towards Mobile Betting

In the UK, remote betting, bingo, and the casino sector generated a total revenue of £5.7 billion between 2019 and 2020. This highlighted the increased usage and popularity of mobile betting. The shift towards mobile betting and gambling has been a major trend in the industry, including the crypto gambling market. 

The younger demographic of players favors betting and interacting with esports gambling sites using their mobile phones. Betting and gambling platforms that have been optimized for mobiles provide players with the convenience of accessing their crypto wallets, placing bets, and managing their funds directly from their smartphones. As mobile technology advances, more players are expected to turn to live, on-the-go sports betting.

Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.

The involvement of Ethereum researchers in advisory roles at EigenLayer has raised significant concerns within the blockchain community about potential conflicts of interest and the maintenance of credible neutrality.

Another Ethereum Developer Joins EigenLayer

The recent involvement of multiple Ethereum researchers with the EigenFoundation has sparked significant controversy within the blockchain community. Dankrad Feist, an Ethereum Foundation developer, announced his new advisory position at the EigenFoundation, a supporter of the EigenLayer restaking protocol. 

Feist's announcement came through a post on X.com, where he stated, 

"I am taking this position personally, not representing the Ethereum Foundation, and with a focus on risks and decentralization. I am therefore fully expected to take contrarian views on Eigenlayer."

Community Concerns

Despite Feist's assurance of maintaining a neutral and critical stance, the community has raised concerns about a potential conflict of interest. This concern is not unfounded, as Feist’s move follows that of another Ethereum Foundation developer, Justin Drake, who also joined EigenFoundation with a substantial token incentive, potentially worth millions over three years. These developments have ignited a heated debate about the implications of such advisory roles on the broader Ethereum ecosystem, particularly regarding security and decentralization.

Ethical Questions and Credible Neutrality

The controversy reached a new level when crypto commentator Cobie questioned Ethereum co-founder Vitalik Buterin on the ethics of core developers being paid to advise potentially conflicting projects. Buterin responded by emphasizing Ethereum's culture of open dialogue and expressed pride in it. However, this did little to quell the community's concerns.

Neither Feist nor Drake have provided specific timelines for when they assumed their advisory roles at EigenLayer. Feist has insisted that his token earnings will not compromise his objective approach to protocol development. 

Nevertheless, many in the Ethereum community remain skeptical about the possibility of maintaining credible neutrality under such circumstances.

Community Reactions

While Feist and Drake have emphasized their advisory roles are personal and independent of their Ethereum Foundation responsibilities, the debate over credible neutrality and potential conflicts of interest continues.

Lefteris Karapetsas, the founder of Rotkiapp, strongly disapproved of Ethereum Foundation researchers receiving substantial compensation packages from protocols, viewing it as a clear conflict of interest that should not be tolerated. 

He was joined by X users, eMon, who questioned the credibility of neutrality in such situations, and safetyth1rd, who doubted that large compensations from organizations with differing incentives would not influence the researchers' decision-making.

The involvement of key Ethereum developers with EigenFoundation thus raises fundamental questions about Ethereum's future and the ethical considerations surrounding such advisory positions.

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 global crypto market recorded a significant positive price action following speculations that the United State Securities and Exchange Commission will approve the first Ethereum exchange-traded funds (ETF) filings soon. 

Amid the interesting market rally, crypto gaming coins have gained a cumulative market capitalization of almost $27billion. Partnerships are happening, the market is buzzing about the arrival of new crypto games, and investors are looking for the next big crypto. 

Is this surge a sign of blockchain gaming's revival, or just another momentary pump that will disappear by the end of the year? This article analyzes the market to answer this question while informing you about the top crypto gaming coins that could rule this year. 

The Real Reason Behind the Surge in Crypto Gaming Coins

Even though overly excited crypto enthusiasts are quick to credit blockchain games for the recent rise in interest, we can't ignore the impact of the real buzz around pending ETH ETF approval on the market. 

As the speculation gained momentum, the broader crypto market surged by over 7%, pushing all the major cryptocurrencies to the forefront. And considering the gaming niche is the golden child for those looking for utility-focused cryptos, crypto gaming coins are moving up. 

However, once the excitement diminishes - and it eventually will - tokens belonging to the gaming niche will only have their perks and roadmap to count on to stay relevant. 

Here are the five tokens that encompass those features that will make the gaming crowd more receptive to their offerings 

Sponge V2

Sponge V1 became one of the biggest meme coins of 2023. During the meme coin mania, investors huddled towards this crypto, partially because of the mania and partially because of the comedic appeal of SpongeBob SquarePants. 

That allowed Sponge to be 100x within a short period. However, the lack of utility led to a corrective price action, dumping Sponge into obscurity. 

Sponge V2 is a new version of the token. Moving Sponge's ecosystem towards a utility-focused direction, Sponge V2 comes with a stake-to-bridge and a P2E mechanic. 

With stake-to-bridge, investors can stake their Sponge V1 tokens and get equivalent Sponge V2 assets. The project's gaming utility comes to the surface as a kart racing game, allowing users to win races and earn SPONGEV2 tokens as rewards. 

To make blockchain games more appealing to traditional games, Sponge V2 is also developing an F2P mode to give gamers a taste of the graphics and gameplay. 

Considering its unique qualities, popular YouTube channel Cryptonews is convinced that Sponge V2 will become one of the most significant cryptocurrencies in the gaming landscape.

Above all, Sponge V2 has performed well since its V1 to V2 bridge was completed. Its monthly returns have exceeded 200%, and investors are now anticipating the arrival of its game. 

Buy Sponge V2

eTukTuk

eTukTuk is a green blockchain project aiming to make electric TukTuks the norm to make public transportation greener. The project seeks to partner with charging stations worldwide to provide incentives for those with electric vehicles.

It has a driver app that will help eTukTuk drivers earn TUK tokens for staking, and with the passenger app, commuters will have access to rewards. 

However, the project's standout feature is its newly launched mobile game, Crazy Tuk Tuk Taxi. Available on App Store and Play Store, the P2E game features multiple cars and locations, allowing winners and quest completionists to rake in the gains in terms of TUK tokens.

A key attraction for Crazy Tuk Tuk Taxi is its unique combination of driving, parking, and simulator games, making it possible for players to step into the shoes of a real driver.

As of the time of writing, this action-packed game has recorded more than 3k downloads on PlayStore, showcasing its growing popularity among gaming enthusiasts.

Recognizing the significance of this game and the real buzz surrounding eTukTuk’s ongoing presale, renowned YouTuber, Michael Wrubel says the project has all the qualities that could position it as the next 100x crypto. 

Currently available as a presale, eTukTuk has already raised close to $3.4 million. Those interested in becoming green participants of this green crypto project can visit etuktuk.io. 

Buy eTukTuk

5th Scape

5th Scape is one of the best crypto game coins to buy in 2024, as the project focuses on building the first Augmented Reality and Virtual Reality ecosystem. The platform allows users to explore VR games, movies and education. 

Similarly, 5th Scape, leveraging advanced technologies, is designing gaming gadgets that will allow gamers to enjoy accurate motion tracking and high-resolution gameplay. Staying true to its promise of delivering extraordinary thrills and exciting gameplay, 5th Scape has released its much-anticipated virtual reality game, MMA Cage Conquest on the Meta Store. 

The game allows MMA enthusiasts to engage in immersive virtual combat of mixed martial artists with popular UFC fighters in the ring. Cage Conquest also comes with strategic training, aiding players to prepare for their matches. 

Renowned YouTube channel, Cryptonews says the hype and popularity of the game, alongside the fast-growing community of 5th Scape has enhanced the investment appeal of 5SCAPE the VR crypto of the project. 

Presently in its presale round, 5SCAPE has recorded more than $6.1 million in early fundraising, underscoring investors’ optimism in its future prospects. 

Buy 5th Scape

Yield Guild Games

Yield Guild Games is a DeFi-Game hybrid that has captured the community's attention during the current bull run. Having experienced a surge of more than 19% in the past seven days, It has the right fundamentals to go big in 2024. 

Yield Guild Games is a collective of blockchain gamers that have penetrated most games inside the blockchain niche, providing a robust ecosystem for games such as Axie Infinity, League of Kingdoms, Illuvium, My Pet Hooligan, and more. 

So far, the guild has more than 3000 achievements, 241 partnerships, and 9 guild regions. Adding more value to this project is the attention it has acquired from venture capitalists such as BitKraft, BitScale Capital, Green Field, Kingsway Capital, and more. 

ImmutableX

Another project enticing investors through its future-forward appeal is ImmutableX. By offering end-to-end Web3 solutions with speed and scale to match, ImmutableX has consolidated itself as the biggest gaming crypto by market capitalization. 

Unlike most crypto gaming coins, Immutable X's performance on the price charts has been modest, with its month-end increase just above 6.6%. 

However, underneath a modest aesthetic are a slew of developments pushing blockchain gaming to the forefront. Earlier this year, the ImmediateX zero-knowledge Ethereum Virtual Machine mainnet went live, giving developers early access to its features. 

Immutable zkEVM Mainnet Early Access is live!The future of gaming is here with the launch of Immutable zkEVM Mainnet, powered by @0xPolygon.Immutable zkEVM is an ecosystem that empowers games to thrive. It offers massive scalability, smart contract compatibility, and gas-free… pic.twitter.com/zSrUOwnsQo

— Immutable (@Immutable) January 29, 2024

With the announcement game came an onslaught of positive engagement and airdrops. Those who participated in the mainnet got to check out some of the games that went live and have reviewed them positively. 

 

Gala Games

Gala Games has jumped up by about 9% in the last one week, even though the price action around this project continues to be volatile. 

With games like Spider Tanks, Common Ground, Dragon Strike, and Eternal Paradox, Gala Games is a blockchain ecosystem with one of the richest selection of games in the market. With most games being free-to-play, even web2 players can check them out. 

Gala Games' NFT store, offering unique characters and assets for use in these games, complements this collection of games.

Furthermore, the project is constantly adding new features and has recently partnered with Alienware and Amazon Web Services for a hackathon. 

These partnerships and Gala's willingness to open its ecosystem expose it to a wider market. That can allow it to gain more customers, giving it a chance to rule 2024 as a leading gaming crypto. 

Crypto Gaming is Likely Back

The recent surge in the crypto gaming tokens’ market capitalization does indicate that the market is back. However, a long-term analysis of these projects must be done to give a fair answer. 

In the meantime, Sponge V2 has shown that it has multiple upsides and eTukTuk’s appeal as a green crypto is also getting traction. 

Buy Sponge V2

Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.

The memecoin sector is bustling, attracting investors looking for high-return, community-oriented projects. The cryptocurrency market, particularly the memecoin market, is filled with new opportunities daily. Some projects reach valuations exceeding $1 billion, offering the potential for returns as high as 1000x. Below, we highlight three projects with significant growth potential.

Eddie Seal ($EDSE)

Market Cap: $23k USD

Blockchain: Solana

Eddie Seal is a promising new memecoin project. With its current low market cap, there is potential for a 1000x return if it reaches a capitalization of $23 million. Eddie Seal boasts a doxxed team, unique and humorous social media content, and a highly engaged and growing community. The team also plans viral marketing strategies to further build their community.

Learn More About Eddie Seal ($EDSE):

Telegram:  https://t.me/eddie_EDSE

X (formerly Twitter):https://x.com/eddie_EDSE

Website:https://www.eddieseal.org/

Ponke ($PONKE)

Market Cap: $184 million USD

Blockchain: Solana

Ponke is a well-known memecoin among investors. Like Eddie Seal, it is built on the Solana blockchain. The Ponke community is very engaged and actively participates in the project's management and development through various initiatives. Recently, Ponke's token value surged from 16 cents to over 40 cents, reaching a market cap of $184 million.

Learn More About Ponke ($PONKE):

Telegram: https://t.me/ponkesol

X (formerly Twitter):https://x.com/PONKESOL

Website:https://www.ponke.xyz/

Brett ($BRETT)

Market Cap: $440 million USD

Blockchain: Base

Brett is inspired by a character from the comic "Boy's Club," known for his laid-back attitude and love of video games. Built on the Base blockchain, Brett made a significant impact on the cryptocurrency market, reaching a peak market cap of over $700 million. Since early May, Brett's value has grown from 3 cents to over 5 cents per token.

Learn More About Brett ($BRETT):

Telegram: https://t.me/basedbrett

X (formerly Twitter):https://twitter.com/basedbrett

Website: https://www.basedbrett.com/

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

 

The crypto market is buzzing with anticipation as signs point to an upcoming surge in meme coin popularity. Investors are eager to discover which cryptocurrencies might lead to significant returns. This article dives into an analysis of promising coins that could potentially provide exponential growth, fueling excitement for a new chapter in the crypto space.

Over $6 Million Raised: BlastUP Presale Continues, Offering Up To 1000% Potential ROI

BlastUP has been getting a lot of attention lately thanks to its high potential to become a major force in the crypto industry. This pioneering launchpad on Blast has already attracted over 15,000 active users. 

The ongoing presale of BlastUP is a huge success, more than $6 million raised so far. The BlastUP token is considered by crypto experts as a hidden crypto gem that can skyrocket 1000% by the end of this year. 

>> Buy BlastUP Tokens Now for Maximum Returns! <<

BlastUP helps crypto startups grow faster and earn more. As BlastUP forges ahead, it remains committed to creating a global hub for the Blast community. BlastUP is rapidly gaining traction for the benefit of all participants in this ecosystem.

BlastUP's roadmap extends into 2026, promising the introduction of AI-driven tools and the Community Marketplace, further enriching the ecosystem's capabilities.

The BlastUP token, a cornerstone of the platform, unlocks access to tiered IDO launches, staking rewards, and exclusive loyalty benefits.

>> Join BlastUP Now or This Rocket Will Take Off Without You! <<

Pepe (PEPE) Soars: Assessing Future Price Movements

Pepe (PEPE) is seeing big price jumps. In one week, it went up by 38.49%. In a month, the jump was even bigger at 112.98%. Looking at the past six months, the increase is amazing: 1231.79%. Right now, you can buy it for between $0.00000777 to $0.00001107. The next price it might hit is $0.00001298, but if it falls, it might go down to $0.00000638. The way the price is moving suggests that it might keep going up for now, as shown by a high number like 68.83 on the RSI and 85.90 on the Stochastic. This means a lot of people are buying it. The MACD tells us the same thing: the trend is strong. However, prices change quickly and the current movement could slow down or even go backwards.

Dogwifhat (WIF): A Look into Recent Price Movements

Dogwifhat (WIF) is seeing steady growth, with its current price ranging between $2.18 and $3.12. In the last week, the coin's value dipped slightly by 1.04%, but over the past month, it's up by 3.71%. Looking at the past six months, investors have seen a remarkable rise of 133.85%. Presently hovering near a resistance level of $3.71, Dogwifhat displays a bullish impulsive move, sustained by a relatively stable RSI at 55.13, indicating no overbought or oversold conditions. The recent prices are staying above both 10-day and 100-day averages, suggesting a positive trend. However, with support at $1.83, any shifts in market sentiment could lead to testing of lower levels.

Dogecoin (DOGE) Price Momentum: What's Next?

Dogecoin has seen a strong price climb of 113.38% in the last six months, with a smaller gain of 7.51% over the past week. Today, the coin trades between $0.1364 and $0.1599. It may face resistance before hitting $0.1714 and larger hurdles near $0.1950. Support levels stand at $0.1242, with a further drop possibly halted around $0.1006. The coin is currently in a corrective phase, as suggested by the Stochastic and MACD levels. The coin's movement in the short term could hinge on its ability to break through the nearest resistance or fall back to the support levels.

Shiba Inu (SHIB) Price Trends and Predictions

Shiba Inu (SHIB) is trading between $0.00002164 and $0.00002598 currently. Looking at its recent performance, SHIB showed a small gain of 1.03% over the past week. However, looking back a month, the price has dropped by 5.27%. The longer term shows a much more impressive increase, with a 211.48% rise over the last six months. The price seems to be stabilizing, given the Relative Strength Index is near a neutral value at 50.64. With the current price action leaning towards a corrective phase, it might be challenging for SHIB to break the nearest resistance at $0.00002811 soon. However, the coin has solid support at the $0.00001942 level. If it continues to trade within this range, it could set the stage for a potential upward movement towards the second resistance level at $0.00003245.

Conclusion

In light of the current excitement, coins like PEPE, WIF, DOGE, and SHIB have gained attention but may offer less short-term growth compared to a newer contender. BlastUP stands out as a promising option, presenting a compelling concept within the expanding Blast ecosystem. This project has the potential for substantial gains and could be the best pick for those looking for significant returns.

Site: https://blastup.io/

Twitter: https://twitter.com/Blastup_io

Discord: https://discord.gg/5Kc3nDhqVW

Telegram: https://t.me/blastup_io

Disclaimer: This is a sponsored press release 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.

 

Meme coins have captured the attention of investors looking for significant returns. With the bull run of 2024 unfolding, certain meme coins are showing potential for impressive gains. This article highlights a selection of meme coins that could surge in value, possibly offering returns ranging from 10 to 25 times in the upcoming month. Those searching for high-growth opportunities in the cryptocurrency space may find this analysis particularly insightful.

CYBRO Gets on Crypto Whale's Radar with Presale of Its Tokens

CYBRO is a new aggregator platform on Blast that smooths the way towards high earnings on this L2 blockchain. Blast is famous for its unique offering of more generous yield for ETH and stablecoins than other L2 solutions provide. CYBRO plays a crucial role in this ecosystem as it helps users get the most out of this key advantage.

Currently, CYBRO runs a presale of its native tokens at just $0.02, an astounding 66% discount from its future listing price, which will give a 200% ROI. There is a rumor that a crypto whale is considering buying a hefty scoop of $CYBRO tokens to secure a place in this promising project. Only 21% of the total supply is allocated for the presale, and around 25 million tokens have already been sold out.

Buy $CYBRO at 66% Discount While You Can - The Supply is Limited!

Holders of CYBRO tokens will get staking rewards, an exclusive Airdrop, marketplace cashback, reduced trading and lending fees, and the in-house insurance program.

CYBRO will enable crypto growth through diverse investments within the Blast ecosystem and beyond, offering strategies from conservative to high-yield. It prioritizes maximizing returns with efficient crypto transactions. The future improvements include AIBroker for chatbot-assisted investments and One-Click Investment for optimizing yields via DeFi and CeFi integration.

Grow Your Crypto Portfolio with CYBRO! Join NOW for Future Returns up to 200%!

Dogwifhat (WIF): A Look into Recent Price Movements

Dogwifhat (WIF) is seeing steady growth, with its current price ranging between $2.18 and $3.12. In the last week, the coin's value dipped slightly by 1.04%, but over the past month, it's up by 3.71%. Looking at the past six months, investors have seen a remarkable rise of 133.85%. Presently hovering near a resistance level of $3.71, Dogwifhat displays a bullish impulsive move, sustained by a relatively stable RSI at 55.13, indicating no overbought or oversold conditions. The recent prices are staying above both 10-day and 100-day averages, suggesting a positive trend. However, with support at $1.83, any shifts in market sentiment could lead to testing of lower levels.

Pepe (PEPE) Soars: Assessing Future Price Movements

Pepe (PEPE) is seeing big price jumps. In one week, it went up by 38.49%. In a month, the jump was even bigger at 112.98%. Looking at the past six months, the increase is amazing: 1231.79%. Right now, you can buy it for between $0.00000777 to $0.00001107. The next price it might hit is $0.00001298, but if it falls, it might go down to $0.00000638. The way the price is moving suggests that it might keep going up for now, as shown by a high number like 68.83 on the RSI and 85.90 on the Stochastic. This means a lot of people are buying it. The MACD tells us the same thing: the trend is strong. However, prices change quickly and the current movement could slow down or even go backwards.

Shiba Inu (SHIB) Price Trends and Predictions

Shiba Inu (SHIB) is trading between $0.00002164 and $0.00002598 currently. Looking at its recent performance, SHIB showed a small gain of 1.03% over the past week. However, looking back a month, the price has dropped by 5.27%. The longer term shows a much more impressive increase, with a 211.48% rise over the last six months. The price seems to be stabilizing, given the Relative Strength Index is near a neutral value at 50.64. With the current price action leaning towards a corrective phase, it might be challenging for SHIB to break the nearest resistance at $0.00002811 soon. However, the coin has solid support at the $0.00001942 level. If it continues to trade within this range, it could set the stage for a potential upward movement towards the second resistance level at $0.00003245.

Conclusion

In the search for substantial gains in the cryptocurrency market, WIF, PEPE, and SHIB may offer some short-term growth. However, attention is now shifting towards CYBRO, a unique platform on the Blast blockchain that focuses on earning through its marketplace. CYBRO is gearing up for its first release in the second quarter of 2024, and its pre-sale provides a chance for early investors to get involved with promising conditions. As the market enters a bull run, CYBRO stands out for its potential in leveraging blockchain capabilities to offer a new avenue for gains.

Site: https://cybro.io

Twitter: https://twitter.com/Cybro_io

Discord: https://discord.gg/xFMGDQPhrB

Telegram: https://t.me/cybro_io

Disclaimer: This is a sponsored press release 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 the Nvidia earnings report smashing expectations as per usual, it might have been expected that crypto AI tokens surge on the news. None of it. Despite some positive price action going into the news announcement, crypto AI tokens generally experienced a drop in price.

Nvidia earnings surpass expectations

Nvidia is the darling of US stocks. One of the ‘magnificent 7’, $NVDA has been responsible for around 11% of the entire S&P 500 performance over the past year. Its eagerly anticipated first quarter earnings report came in higher than Wall Street estimates once again. 

Adjusted earnings were $6.12, higher than analysts forecast of $5.65, and revenue was up $26 billion, better than the expected $24.69 billion. 

However, not only was $NVDA slightly down on the day, but AI cryptocurrencies were down a lot further.

The last time that positive $NVDA earnings hit the news, crypto AI tokens saw a considerable spike in price. This time, leading into the earnings report, a lot of the crypto projects in the AI niche were up. However, following the report they all sank below their daily opening prices.

Why did crypto AI tokens take a hit?

The weakness in price for the crypto AI niche also extended to the rest of crypto, and even to the stock market itself. The reason was simple. The Federal Open Market Committee (FOMC) minutes were released just before the Nvidia earnings came out, and this spooked the market more than the positive Nvidia news was able to rally it.

The minutes showed how worried the Federal Reserve was about inflation, and how some of the Fed officials were even willing to tighten, and hike rates instead of cutting them.

This had the effect of an ice-cold bowl of water being thrown on the market, and all major US stock indices closed down in price. 

In the crypto market, AI plays such as $RNDR and $FET suffered a price slide after initial surges coming into the earnings announcement. $RNDR closed the day down nearly 5%, and fell as much as another 3% on Thursday. $FET closed around the same as its opening price after initially spiking more than 6% on Wednesday.

Thursday could see a rally

Nevertheless, Thursday might go some way towards rectifying the situation. $NVDA is looking at a pre-market price of $1,017, up drastically from its close of $949.50 on Wednesday.

Bitcoin is currently breaking out of a bull pennant on the very short 1-hour time frame and may be heading up to the highs again, while ethereum (ETH) is up more than 3% on the day and is getting closer to $4,000, and is only 5.7% below its March local high.

If $NVDA has a huge day on Thursday, the crypto market might be expected to hang on to its coat tails. The crypto AI sector could be expected to shine.

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. 

DEX users trading new or unknown tokens are constantly at risk of losing funds due to a variety of scams perpetrated by the token issuer. As a result, they’re obliged to be constantly alert to common types of token scam – as well as the ever more sophisticated models that are frequently introduced. To help protect users, Sushi has teamed up with GoPlus Security to make dodgy tokens easier to identify.

DEX Diligence as a Service

The permissionless design of blockchain means that anyone can launch a token and encode its smart contract with rules concerning the token’s behavior. Most of the time, these rules are benign, covering such matters as the token name, supply, and any mechanics governing its burning, liquidity, or tax. For instance, it’s relatively easy to create a token with a 5% sell tax that redistributes this fee to the liquidity pool to grow protocol liquidity.

But for every one legitimate token that launches on popular chains such as Base and Ethereum, there are a dozen honeypots in which the buyer is destined to lose all their money. This is where services such as GoPlus Security prove their worth, alerting users to the hidden risks that can lay cloaked in the token contract.

Sushi has integrated GoPlus’s Token Security API which provides token risk assessment, transaction security checks, and detailed token information. It helps end users identify tokens that present a higher risk of being scammed and to thereby avoid purchasing them.

Honeypots That Keep on Pumping

Scam tokens, commonly known as honeypots, typically present very attractive charts that look alluring to buyers. Everyone is enticed by an “up only” chart and for many honeypots that’s literally what happens because after buying the token, you’re unable to sell. This is because the smart contract only allows whitelisted addresses – i.e. those belonging to the contract creator – to sell.

But not all honeypot tokens fall into that bracket: others do allow selling, but are created using unusually deep liquidity to entice buyers into thinking they’re purchasing the next 100x memecoin, only the liquidity isn’t locked, allowing the contract creator to rugpull it at any time. Such honeypots can climb impressively high before the liquidity is suddenly pulled and everyone loses.

GoPlusSecurity is already widely used by EVM platforms to alert users to common scams. It’s in place on popular DEX aggregator Dexscreener, for instance, where it helps users steer clear of a multitude of fraudulent projects. In addition to assessing basic token contract information such as whether the token is sellable, its API can determine whether the SC is open source, a proxy contract, mintable (i.e. the creator can issue more tokens), has a trading cooldown, blacklist, and much more.

Safety in a Sea of Sharks

Sushi’s decision to integrate GoPlus Security’s token checker should help users steer clear of the majority of honeypots when interacting directly with the Sushi DEX. Its API will provide a warning message whenever the user interacts with a token that isn’t in Sushi’s default list and will apply a risk rating to the token in question.

Valuable as this service is, traders considering buying new and unknown tokens should also conduct their own due diligence, searching for the token address on Twitter, checking the project’s Twitter or Telegram to see if replies are allowed on posts, and checking what other crypto Twitter users have to say. Scammers are always gonna scam. Through Sushi and GoPlus Security’s collaboration, DEX users have another weapon in their arsenal against scammers. The battle may not be over, but it’s a victory all the same.

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

The crypto market is surging, bringing forward opportunities for substantial growth. Many cryptocurrencies are poised to make significant moves this June, catching the attention of eager investors. The challenge lies in identifying the top contenders that could skyrocket and potentially reward investors with impressive gains. This article provides insight into those cryptocurrencies that show the most promise for a strong performance, with the potential to increase in value by 25 times their current price. Investors seeking to capitalize on the current bull run will find valuable information to guide their decisions.

BlastUP Presale Hits $6 Million, Investors Hurry to Buy $BLP Before May Ends

The ongoing BlastUP presale is close to completion, as it has already passed the important threshold: over $6 million have been raised so far. More than 15,000 savvy investors have already bought BlastUP tokens before their value skyrockets.

The presale runs until the end of May, so there is some time to boost your crypto holdings with BlastUP, the asset poised for explosive returns of up to 1000%. Currently sold at a few US cents, BlastUP tokens are projected to reach $10 by the end of this year.

Holders of BlastUP tokens may benefit from a number of privileges including participation in an Airdrop , exclusive loyalty rewards for participating in IDOs, and the ability to earn interest through staking.

BlastUP stands out from the crowd in the crypto world. Backed by Blast, the sixth largest blockchain by TVL, it offers genuine utility as a launchpad for DApp ventures. With its motto Grow faster, earn more, BlastUP is dedicated to propelling the success of blockchain startups. Those who join BlastUP now become part of a project poised to become the next big thing in this bull run.

>> Time is Ticking –  Buy $BLP Before May Ends! <<

Polygon (MATIC) Price Movement and Forecast

Polygon (MATIC) is trading between $0.64 and $0.72. It recently went up more than 7% in a week. In the last month, it dropped a little, around 1%. Over six months, it’s down around 3%. The price is now just above the 10-day and 100-day averages, showing a pretty steady trend. MATIC is closer to 60 on the RSI, which means it's neither overbought nor oversold. The Stochastic is high, hinting that it might be overbought. The MACD is barely positive. This all means MATIC could be in a slow climb, but it's gentle and not too quick. The next price points to watch are $0.76 above and $0.60 below. If it goes past $0.76, it might climb to $0.84. If it falls below $0.60, the next stop could be $0.52. Right now, the moves look more careful than fast and big.

Celestia (TIA) Recent Price Movements and Prediction

Celestia (TIA) has seen contrasting trends recently. Currently trading between $7.92 and $9.77, it has gained 7.93% over the past week. However, looking back, it's down by 15.81% over the last month, despite a strong 74.84% rise in the past six months. The coin's movements seem more corrective recently, with the simple moving averages suggesting a close balance between buy and sell pressures. The $10.74 and $12.58 levels could limit upward moves, while dips might find support at $7.04 or even $5.20 if the downtrend extends.

Gnosis (GNO) Price Momentum: Analyzing Recent Market Vibrancy

Gnosis (GNO) has shown a lively market performance lately, with the price swinging between $267.97 and $318.25. Within the last week, GNO's value jumped by an impressive 26.93%, reflecting a strong upward push, but the progress over the last month records a downturn of 9.86%. Zooming out to the last six months gives a brighter picture, with a surge of 73.49%. Current technical indicators suggest that the price movement is assertive, with a high Relative Strength Index hinting at potential overbought conditions. GNO is now confronting a near resistance level at $341.76, aiming for further growth.

Conclusion

Among the cryptocurrencies listed, MATIC, TIA, and GNO might have potential for growth but likely less so in the short term. BlastUP stands out with the most promise for substantial returns. The appeal of BlastUP comes from the strong concept backing the coin and its integration within the larger Blast ecosystem, which provides a solid foundation for its outlook. Considering the active bull market in 2024, BlastUP could lead the pack in performance.

Site: https://blastup.io/

Twitter: https://twitter.com/Blastup_io

Discord: https://discord.gg/5Kc3nDhqVW

Telegram: https://t.me/blastup_io

Disclaimer: This is a sponsored press release 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.

 

Bitgert is a lot of things to a lot of investors, but it’s always a common ground where all kinds of investors can actually earn millions of dollars with little to nothing. It’s outrightly an unconventional yet undervalued coin, and with time, people will get to see its value and potential. When that happens, it’d probably be too late to earn a million dollars with little to nothing like you can right now. 

For example, Bitcoin launched in 2009 at practically zero. At the time, a $10 investment would have already made you a millionaire right now. But can you imagine what a $10 investment in Bitcoin would get you right now? See, it’d be for Bitgert. So, now is the right time to get in for the opportunity to become a million-dollar richer in a couple of months. 

Bitgert inherently has a couple of features to help guarantee its eventual surge in value and pricing. In this post, we’ll reveal exactly what makes Bitgert a reliable million-dollar opportunity for all investors. 

Bitgert Coin, The Million Dollar Roadmap 

If anything stands out in the Bigert’s token, it’s the burning mechanism. The burning mechanism in Bitgert is pivotal to the long-term growth and potential value appreciation of the Bitgert token. With the Bitgert mechanism, there’s a deliberate and constant reduction of token supply, which ultimately plays a very crucial role in driving the value of Bitgert's native token (BRISE) to new heights. 

At the core of Bitgert's burning mechanism, the main objective is the constant reduction of the circulating supply of BRISE tokens through strategic token burns. It follows a process that involves permanently removing a portion of the token supply from circulation. As a result, the effective decrease in the total number of tokens available in the market thins out the supply, and even if the demand is constant or unchanged, there are now significantly fewer tokens than there were at the last second. 

Implementing a systematic approach like token burning allows Bitgert to create scarcity, a fundamental economic principle that drives up the value of the remaining tokens.

Also, the recent implementation of a new permanent lock token burn mechanism on Bitgert's Binance Smart Chain (BSC) DEX has been a game-changer. This mechanism, initiated on January 5, 2024, locks away 12% of tokens from each transfer under a smart contract, leading to a substantial reduction in the circulating supply of BRISE tokens. The result? A more scarce and valuable asset that is poised for significant price appreciation in the future.

Conclusion 

The Bitgert Coin has millions of dollars in opportunities for investors with the foresight and boldness to invest. Over time, there have been enough signs to show the coin’s sturdiness and resilience to terrible market conditions. Imagine what it would do in a favorable market. 

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

Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice. 

 

Bitcoin has arguably had its consolidation period now, and in the political sphere as well as the financial sphere the tide looks to be turning in bitcoin’s favour. With all the stars aligning for bitcoin, are we approaching the start of the next big price surge to the upside?

The anti-crypto tide is turning

The political landscape for bitcoin is finally turning favourable. Sworn enemies of the freedom currency, in chairman of the Security and Exchange Commission, Gary Gensler, and his ‘handler’ Senator Elizabeth Warren, are now facing a rising tide of opposition from both sides of the house, who appear to be becoming educated on the innovation that is crypto.

For years it was so easy to just pass misinformation around the House and the Senate along the lines that bitcoin was a fraud and a scam, and that the only people that used it were drug smugglers, terrorists and the like.

Crypto wasn’t a political hot potato, and it was far more comfortable, especially for the elder congressmen/women and senators, embedded in the traditional finance system all their lives, to go along with the anti-crypto narrative that was sown among them.

Biden administration changing tack?

However, this is all beginning to change. The FIT21 bill, which takes power away from the SEC, was passed on Wednesday with a huge majority. Not only that, but President Biden, who had threatened to veto the bill, abruptly changed his mind, signalling a wind of change in the administration, perhaps as it finally realised that it was following an anti-crypto path that was going to lose a lot of voters coming into the elections later this year.

High net worth investors get first shot at Bitcoin ETP in UK

Meanwhile, in London, the first Bitcoin Exchange Traded Product (ETP) has been given the go-ahead for trading by the UK financial watchdog, the FCA. This ETP is likely to begin trading at the end of May. However, true to the UK government’s policy of preventing the average retail investor from dealing in crypto, the Bitcoin ETP will only be available to high net worth investors.

8 straight days of Bitcoin ETF net inflows

While the tide for bitcoin may be turning politically, from a financial perspective things also appear to be continuing in a positive vein. The US Bitcoin ETFs saw an eighth straight day of net inflows. A smaller net inflow of 2,019 BTC was taken out of circulation - more than 4 times the daily mining issuance. 

Short term price action bullish for $BTC

Source: Coingecko/TradingView

While from a macro perspective, the price of $BTC is looking very favourable, also on the much shorter time frame of the hourly, things are starting to heat up. A small bull pennant is forming, and it looks like the $BTC price is being squeezed by the support and the top of the pennant. A break to the upside is more likely than not, and the measured move of the flagpole would take $BTC back to its all-time high, should it play out.

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. 

Discover the magic of BEFE, the MEME coin blowing up the entire crypto world. Prepare for an enriched community life with zest and innovative features that may mean real financial wins for you. Explore how BEFE, the fun and playful token, can help you actually start building your dreams.

Analyzing BEFE’s Ecosystem

The expanding community of BEFE is an instance of meme-driven marketing power that speaks volumes about this cryptocurrency's ability to be fair and accessible. Aspirants to the project for providing a balanced game ground for everybody and with no pre-sale or taxes attached, this really sounded like a great idea and was attractive to a number of people who have felt that they have been dealt with unfairly or put under some huge disadvantage in the all-too-often-opaque world of conventional crypto.

For example, the staking mechanism on BEFE benefits users who hold BRISE tokens by smartly making their holders committed and loyal. BEFE gets one vested interest in the success of a project; hence, it inculcates ownership and engagement rather than mere speculations. This approach might result in the future establishment of more stable and resilient communities, even with market dynamics and volatility in trends. It's never just about building a strong community; it's never enough for BEFE-like meme coins. In order to go long-term, BEFE will have to deliver real value and utility to users constantly.

How Did BEFE Perform From May 14 to May 23

Over the past 10 days or so, from May 14 to May 23, the current bullish market performance of BEFE is described as one of positivity in growth and resiliency. Starting on May 14 at $0.00009750, BEFE's price suffered a minor fall to $0.00009683 on May 15, which caused a loss of 0.69%. This minor fall was immediately superseded by the strong rise on May 17, which pushed the price up to $0.00010776, gaining as much as 11.31%. There was a correction of 7.84% on May 19 as the price corrected to $0.00009931. BEFE showed its elasticity with a rebound that led to a surge in the price to $0.00012605 on May 20, a 26.89% gain in a single day.

Although over the next days, some price changes showed the value decreasing by 7.96% to $0.00011602 on May 21, BEFE managed to keep the general trend positive. Actually, by the 23rd of May, the coin had surged to $0.00012095—a whopping 24.05% over the price posted on the 14th of May.

Conclusion

Now that good BEFE performance has been felt in the last 10 days, this seems like quite a convincing point for possible investment and, therefore, high returns. But there is just one aspect where caution and prudence must be exercised most: anything referring to the volatile cryptocurrency investment world. In layman's words, BEFE is a risky investment. By keeping an eye out for market trends and following project development with proper risk management, the investor will be able to tap into the growth that is currently not realized in BEFE, keeping a rein on risks that are a fixture of the crypto scene.

To know more about BEFE, Visit https://befetoken.com

Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice. 

 

The United States House of Representatives voted 279-136 to approve the Financial Innovation and Technology for the 21st Century Act with a wave of Democratic support. 

If it becomes law, the bill could have sweeping ramifications on the US regulatory landscape for digital assets, marking the crypto industry’s most significant legislative accomplishment in Congress. 

House Of Representatives Approves FIT21 

Looking at the numbers, 208 Republican House members voted in favor of the bill. However, the bill saw a wave of support from Democrats as well, with 71 Democrats voting in favor. All but three Republican House members voted in favor of FIT21, while nearly a third of Democrats supported it. The bipartisan push highlights the changing attitude toward crypto on Capitol Hill. Only last week, the House and Senate passed a measure rolling back crypto custody rules for banks in the United States from the United States Securities and Exchange Commission. It also received support from prominent lawmakers, including Senate Majority Leader Chuck Schumer (D-NY). 

The FIT21 bill is the first time a major crypto-related bill has cleared Congress and now heads to the US Senate. However, what happens in the Senate is anyone’s guess, as there is no counterpart bill, and support remains unclear. Additionally, the committees have not done the required level of work on crypto. Despite the win, the US has fallen considerably behind when it comes to establishing crypto regulations. 

A Comprehensive Framework 

The bill creates a comprehensive federal framework for regulating digital assets and establishes jurisdiction between the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission. This, along with other initiatives, gives issuers the ability to self-certify assets as commodities. 

The bill curtails the SEC’s regulatory remit, giving the CFTC exclusive regulatory authority over digital asset commodities. It provides the criteria for determining the status based on a project’s level of decentralization, token supply and who it is owned by, and the blockchain’s susceptibility to influence by a single party. One of the bill’s co-sponsors, House Financial Services Committee (HSFC) Chairman Patrick McHenry (R-SC), stated, 

“The SEC and the CFTC are currently in a food fight for control of this asset class class. They’ve created an impossible situation where the same firms are subject to competing and contradictory enforcement actions by the two different agencies, leaving consumers behind, leaving innovators behind. FIT21 fixes this.”

President Biden, Gensler Skewer Bill 

SEC Chair Gary Gensler was vocal about his opposition to the bill, stating that it would remove so-called investment contracts from the statutory definition of a security. The SEC has, on multiple occasions, stated that many tokens resemble securities because investors allocate money to them, expecting profits from the efforts of others. 

“The bill implies what courts have repeatedly ruled—but what crypto market participants have attempted to deny—that many crypto assets are being offered and sold as securities under existing law.”

President Joe Biden is also opposed to FIT21 and has stated on previous occasions that he would veto a bill that erases rules from the Securities and Exchange Commission on crypto custody for banks. However, while that bill has passed the House and the Senate, Biden has yet to veto it. Biden also called out the lack of sufficient investor protections and called for a comprehensive and balanced regulatory framework. Several Democrats were also critical of the bill, with Rep. Maxine Waters stating, 

“This bill still provides major exemptions from critical securities laws.”

She also said that crypto companies are refusing to register, and the bill would give them the opportunity to operate without regulatory oversight. Brad Sherman (D-CA) stated that any changes to the definition of a security would act as a “dagger at the hundred trillion dollar markets that power our 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.

The Polkadot (DOT) price witnessed a massive surge on Monday that saw the cryptocurrency break past its previous swing high. The surge also helped DOT break out of a multi-month descending trendline. 

Polkadot (DOT) is now fast approaching the upper limit of its consolidation range and could potentially surpass it in upcoming sessions. 

Polkadot (DOT) Surges Past $7.50 

The Polkadot price registered a substantial increase during the week, with DOT surging past $7 and $7.50. The bullish trend results from a significant shift in the behavior of DOT holders as they pour money into the asset. DOT had moved past the 20-day SMA on Thursday after a relatively volatile session. Friday saw DOT continue its upward trajectory, with the asset settling at $7.20. However, DOT encountered strong resistance at this level and registered a drop of 0.56% and 3.21% on Saturday and Sunday, respectively. With the 20-day SMA acting as support, DOT was able to end the weekend at $6.93. 

The current week brought a renewed spike in demand after a relatively prolonged period of sideways consolidation, pushing DOT higher. As a result of the spike in demand, DOT registered an increase of 9.38% on Monday, allowing it to break past several key resistance levels, the 20,50, and 200-day SMAs, and break out of a descending trendline that had prevailed for months. DOT registered a high of $7.60 on Monday before settling at $7.58. Tuesday saw a highly volatile session, with buyers and sellers vying for control. As a result, DOT dropped to a low of $7.43 before recovering and settling at $7.62, an increase of 0.52%.

Wednesday saw sellers push DOT down by 2.10% to $7.46. However, the price has recovered in the current session and is currently up by 0.80%. As can be seen in the DOT price chart, DOT has strong support at the $6.40 level. The price increase on Monday allowed DOT to surge past several crucial levels and the 20, 50, and 200-day SMAs. DOT is now consolidating above the $7.40 level, with support building at the 200-day SMA. 

Where Does Polkadot (DOT) Go From Here 

Polkadot (DOT) is trading at $7.55 as buyers look to tighten their grip during the current session. The cryptocurrency now faces resistance at $8. If DOT breaks above this level, it could start a sustained bullish trend that could see the price rally to the $8.50 zone, where it would face its next level of resistance. However, should the sentiment return to bearish, DOT could drop to $7.40, where it has its first key support. Sustained bearish pressure could see DOT drop to $7, and the 20-day SMA could act as support. Any more losses could see the cryptocurrency back below $7.

However, technical indicators point to growing bullish momentum. The MACD is currently in bullish territory, as evident in the price chart. The RSI is also in neutral territory, indicating DOT has plenty of room for sustained upward momentum. 

Polkadot (DOT) Open Interest Rises 

Open Interest OI) is the total number of active derivative contracts, such as options or futures, that are yet to be settled. DOT’s Open Interest chart shows that OI has risen to $291 million, up from $250 million in just under a week. This positive funding rate indicates that long contracts are more in number than short contracts.

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 Ethereum network gave birth to the concept of decentralized finance or DeFi, which is pitched as an alternative, more accessible financial ecosystem that anyone can access to save, lend, borrow and invest. 

DeFi has grown to become a massive, multi-billion dollar global market, and numerous other blockchains, including Solana, Polkadot, Avalanche and Cardano have emerged to try and take on Ethereum, boasting of more efficient networks, faster transactions and more sophisticated smart contract capabilities. Yet to date, none of these alternatives have come close to taking away Ethereum’s crown as the number one DeFi chain. 

So could Bitcoin be the one that finally does it? In the last few years, the Bitcoin community has innovated on ways to expand the usefulness of Bitcoin beyond its current, limited use cases of payments and a store of value. Given that Bitcoin remains by far and away the most valuable cryptocurrency, it’s reasonable to assume that it might be the one to threaten Ethereum’s dominance in DeFi. 

What is Bitcoin DeFi? 

Native DeFi on Bitcoin was introduced via a key upgrade to the underlying protocol, known as Taproot. Introduced in November 2021, Taproot extended the functionality of Bitcoin, enabling it to support more complex scripting and therefore, smart contracts, which are agreements that execute automatically when specified conditions have been met. Smart contracts are the fuel that powers DeFi, and their availability on Bitcoin opens the doors to a world of possibilities. 

Previously, the only way to use BTC within the DeFi ecosystem was to bridge it to an alternative network, most commonly Ethereum. The idea is that you can convert BTC to an asset called wrapped BTC that’s compatible with Ethereum, and use this alternative asset to engage with DeFI protocols built on that chain. But thanks to the capabilities introduced with Taproot, it’s no longer necessary to use wrapped assets, for we can now build DeFi protocols natively on Bitcoin. 

How Does Bitcoin DeFi Work?

Taproot doesn’t bring smart contract functionality to Bitcoin itself, but rather, it paves the way for Bitcoin’s blockchain to leverage Layer-2 networks and sidechains that support more advanced scripting languages. 

A number of notable L2s and sidechains have emerged to take up the challenge of bridging DeFi to Bitcoin. They include MintLayer, which is an L2 scalability network that supports smart contracts for DeFi, NFTs, decentralized exchange platforms and more. It provides the infrastructure and tools required to build DeFi applications that sit atop of the Bitcoin network, as well as the Lightning Network, which is another Bitcoin L2 that’s used to scale transactions. 

Alternatives to MintLayer include Stacks, which is rather unique in that it is in fact an independent Layer-1 network, although it’s often mistakenly referred to as a sidechain or L2. Stacks utilizes a novel Proof-of-Transfer consensus protocol that allows it to settle its transactions on the Bitcoin blockchain at regular intervals, which means it works much like an L2. 

A third offering is the Rootstack project, which is an L2 that dates back to 2017 and operates as a sidechain to Bitcoin. It pioneered the concept of “merged mining” where Rootstock miners secure and earn RSK tokens while mining BTC. 

What Are Some Bitcoin DeFi Protocols?

Bitcoin’s DeFi ecosystem is still nascent, but more than a few projects have already gained some impressive traction. For instance, the unified yield and liquidity layer Solv Protocol has created SolvBTC, which is a liquid yield token that offers BTC holders the chance to earn competitive interest on their holdings. The Solv protocol boasts multichain integration capabilities that link it not only to Bitcoin but also other chains, such as Ethereum, Arbitrum, BNB Chain and Merlin Chain. Through this architecture, it’s able to use SolvBTC to boost liquidity in emerging BTCfi markets on L1 and L2 networks. 

The progress made by Solv is all too evident, with the protocol recently surpassing $1 billion in total value locked, according to DeFiLlama, becoming the 32nd largest DeFi protocol in the industry. 

Another Bitcoin DeFi protocol making waves is BadgerDAO, which provides a way for BTC to be used as collateral in a range of DeFi applications. Its Sett Vaults offering makes it possible to earn passive income on synthetic or tokenized BTC by adding them to pools that are reinvested in other DeFi protocols via smart contracts, producing yield in the form of bTokens. 

One of Stacks’ most promising projects is ALEX, which is building a Bitcoin-based DeFi hub, with services including BTC lending and borrowing. With it, users can either earn a fixed interest rate on their BTC by lending it out, or else borrow BTC using other assets as collateral. 

Ultimately, ALEX intends to build a full DeFi ecosystem for Bitcoin, with a DEX, derivatives trading, yield farming and a launchpad for startups looking to raise BTC funding. 

Why Do We Need Bitcoin DeFi?

Bitcoin is not just the oldest and most secure blockchain around, but its also the most valuable and widely adopted of all digital assets. Yet, the flagship cryptocurrency is quite useless compared to most others, with its only real use cases being payments and “hodling”, where people simply buy and hold onto the asset in the hope that its value goes up. 

As such, there’s a lot of pent up demand from Bitcoin investors who would like to put their assets to work while “hodling” them. Bitcoin DeFi can transform BTC from an idle asset into one that has tons of utility, thereby boosting its value. At the same time, the security of Bitcoin itself will bring greater trust to DeFi, which is a world that continues to be riddled with scams and hacks. 

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 Satoshi Nakamoto Token (SNMT) stands out as a unique and community-driven digital asset on the Bitcoin blockchain and is deployed on the secure BRC-20 Bitcoin chain. 

The Satoshi Nakamoto Token has a total supply of 100,000,000 $SNMT tokens. This project's commitment to a fairly minted ecosystem ensures that every participant has an equal opportunity to engage in this groundbreaking tokenomic experience.

This BRC-20-based token is specially made to revolutionize the meme world and is currently one of the best BRC-20 tokens to invest in this 2024 as it has an x1000 potential according to some crypto analysts. 

You can purchase the $SNMT by navigating a supported exchange market like; XT.com, Unisat, and OKX.

Follow Satoshi Nakamoto Token on X. 

MultiBit

MultiBit comes in fourth on our list. MultiBit is the first to enable cross-bridge operations for BRC20 tokens, to remove interoperability hurdles.

MultiBit places a high value on security, putting in place comprehensive procedures to protect user accounts and cash. It uses a process to consolidate cash from distributed addresses regularly into highly secure multi-sig cold wallets, hence improving asset isolation and protection. 

In addition, an approval-based withdrawal mechanism is in place, which adds another layer of security and accountability. MultiBit makes it easier for consumers to move BRC-20 tokens from Bitcoin to EVM networks by bridging and minting tokens between Bitcoin and EVM networks for smooth cross-chain transfer. 

In short, this BRC-20 token ensures maximum transparency in every transaction. With the use of MultiBit's ($MUBI) token staking feature, users can also gain access to additional BRC ecosystem tokens.

In addition to bringing attention to different BRC ecosystem projects, this function is intended to uphold the value stability of the $MUBI ecosystem.

Additionally, MultiBit offers a decentralized exchange mechanism called Ordinals Automated Market Maker (OAMM), which is specifically made for trading BRC20 tokens. It makes use of automated market-making concepts to support smooth token swaps, efficient price discovery for BRC20 tokens, and liquidity.

Recently, MultiBit announced that it will support the bridging of rune assets to Solana and BounceBit.

🔸MultiBit runes bridge🔸MultiBit will support the bridging of rune assets to @bounce_bit and @solana pic.twitter.com/5iNy0BUB36

— MultiBit (@Multibit_Bridge) April 20, 2024

The BRC community now has a thrilling opportunity to earn extra tokens by staking preferred tokens in particular pools or by providing liquidity through MultiBit's additional BRC20 token mining. Through farming, individuals can increase the liquidity of the BRC ecosystem and receive rewards for their efforts.

Since its launch, $MUBI has been one of the best-performing BRC-20 tokens. This token has great potential for future growth because as the requirement for a bridge increases, there will be a need for continued interoperability between ecosystems in which Multibit is already playing a role.

Follow MultiBit on X. 

SATS

Last on our list is SATS. SATS is the second largest BRC-20 token, and it also refers to the smallest unit of Bitcoin as one Bitcoin is created out of 100 million SATS. 

A single Satoshi (SATS) is worth 0.00000001 Bitcoin. All Bitcoin values are expressed in satoshis both in the source code and on the blockchain. The only reason these amounts are translated to Bitcoin is for readability and familiarity. 

SATS is one of the meme BRC-20-based tokens. It is also one of the early tokens on the BRC-20 blockchain and one of the most traded. $SATS are created using the Ordinals protocol, which allows users to embed additional data onto Bitcoin's satoshis.

 

SATs has already captured the attention of top analysts like Jacob Bury who recently tipped the token for market success. 

SATS (Ordinals) can be used to track the value of satoshis, to facilitate the exchange of satoshis, and to access Bitcoin-based applications. You can purchase SATS directly from the following crypto exchange platforms: Binance, OKX, Gate.io, KUCOIN, MEXC, Bitmart, Bitget, Bing X, etc.

Follow SATS on X. 

What Are the Differences Between BRC-20 and ERC-20?

To begin, ERC-20 is an Ethereum standard for fungible tokens. This standard is used by developers to create smart contract-enabled tokens that represent assets, ownerships, rights, cryptocurrency, and other concepts. ERC-20 tokens function on the Ethereum blockchain, allowing developers to create tokens that are identical to other tokens, while BRC-20 tokens are on the Bitcoin blockchain. 

The BRC-20 token standard, created for the Bitcoin blockchain, is an experimental fungible token standard that facilitates token creation and transfer via the ordinals protocol. Unlike ERC-20, BRC-20 does not use smart contracts. Instead, it makes use of ordinal inscriptions and as such, can be used for other valuable purposes.

With that in mind, here are the significant differences that exist between BRC-20 and ERC-20 tokens:

Blockchain Developments And Standards 

Developers can create ERC-20 tokens using smart contracts on Ethereum, as ERC-20 is native to the Ethereum blockchain. BRC-20, on the other hand, uses the Bitcoin blockchain to function. 

BRC-20 leverages the UTXO model already in place for Bitcoin, and token data is integrated straight into satoshis, the smallest units of Bitcoin, as opposed to creating a smart contract.

Operation

ERC-20 tokens integrate seamlessly with Ethereum. Every transaction using these tokens adheres to the existing ERC-20 protocol. This ensures interoperability with Ethereum wallets, exchanges, and dApps. 

BRC-20 tokens, on the other hand, feature a more independent approach, operating in parallel. Using specific rules found in the encoded JSON files, BRC-20 transactions are validated separately from Bitcoin transactions. By doing this, a new operational layer is added to the Bitcoin network.

Transaction Speed 

Transaction speed is mostly determined by the processing efficiency of transactions. On the Ethereum blockchain, the concept of maximum extractable Value (MEV) influences transaction speeds. In Ethereum, customers can pay greater gas prices to get priority treatment.

In contrast, Bitcoin takes a different strategy, writing data into blocks and relying on miners to validate them. Unlike the Ethereum network, Bitcoin's transaction processing is independent of the user's capacity to pay larger fees

Summary - Is BRC20 the Future of the Bitcoin Ecosystem?

BRC20 tokens are expected to transform the Bitcoin ecosystem by attracting developers and entrepreneurs eager to create new apps. According to analysts’ predictions, these tokens will create new pathways for innovation and creativity in the cryptocurrency world. Developers, for example, can build unique tokens that represent diverse assets or services, hence increasing Bitcoin's utility. 

The introduction of BRC20 tokens promises to greatly increase liquidity in the Bitcoin network. This additional liquidity may result in a more active market for digital assets, giving users more alternatives for employing their bitcoins beyond traditional ways such as trading or holding. As a result, cryptocurrency assets become more adaptable and accessible to a wider range of users.

The aforementioned list which we have carefully curated, offers information on the five best BRC20 tokens to invest in 2024. So if you’re a crypto enthusiast looking to diversify your portfolio, try out 99Bitcoins or any of the BRC20 cryptocurrencies mentioned in the list. 

 

Buy 99Bitcoins

 

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. 

 

Algotech ($ALGT) is a user-centric cryptocurrency project focused on improving investors' chances of profitability while reducing losses in the crypto space, and it’s making significant waves amongst the entire cryptocurrency market, especially amongst the DeFi giant Solana SOL and Binance Coin BNB communities, who are readily looking for the next big opportunities in Decentralized finance, DeFi.

What is AlgoTech

Algotech is a nascent Decentralized Finance DeFi platform that aims at creating a thorough combination of blockchain, AI, and strong data analysis, to enhance and make the trading experience as seamless as possible for crypto enthusiasts and traders alike.

Algotech provides real-time algorithms that lead traders to profit and overcome likely challenges within trading activities. Its algorithmic solution provides real-time market information and reliable trading tools. It suggests accurate trading strategies for selected trades and manages their risk.  

AlgoTech’s AI-powered features give it a stable position against other heavyweight DefI platforms like Solana SOL and Binance Coin BNB platforms. Algotech as a platform has been able to attract a broader user base with its recent record-breaking ALGT presale of $5.2M raised and a mindblowing Airdrop campaign by simplifying complex financial processes across a wide spectrum and offering personalized investment opportunities.

Why are Investors Migrating from BNB and Solana to Algotech?

 

Now, the recent influx of investors from established platforms like Solana SOL and Binance Coin BNB blockchains is a result of the following factors:

The success of the $5.2 Million Raise during AGLT Presale

AGLT Presale was in stages and Cryptocurrency investors took no time before hitting the AGLT Presale stage target, from one stage to the next. At the end of the last stage, Algotech was able to raise an impressive $5.2 Million, a significant sum as against Solana SOL and Binance Coin BNB raises. 

This only implies that investors have looked deep into the AlgoTech value proposition and have conceived a strong confidence in the platform, which has attracted other investors seeking to be part of the next big platform in the crypto space.

The AI features in AlgoTech

In the ever-evolving ever-changing global cryptocurrency world, we have seen the space move from one trend to the other, and now cryptocurrency enthusiasts and investors are digging deep into AI-related projects as Artificial Intelligence has come to stay.

Artificial intelligence is noted for its incredible potential to streamline processes, from work processes, to day-to-day activities, financial management processes, and investment strategies to generate passive income opportunities.

However, AI has been able to offer a more secure trading environment by identifying scams and “honey pots” in DeFi trading. 

Cryptocurrency platforms that have been able to effectively incorporate AI into their features have received lots of demand and AlgoTech is not left out. Investors have shifted attention from big blockchains like Solana SOL and Binance Coin BNB blockchains to AI-featured platforms like AlgoTech.

The ALGT Airdrop Incentive

Cryptocurrency airdrops have seen a lot of acceptance across the global financial world as these airdrops are a way to aid the crypto adoption rate which has rapidly gained acceptance and buzz.

The recent AGLT airdrop garnered the expected attraction as it served as an impressive reward for early adopters and effectively demonstrates AlgoTech’s commitment to its community. The latest strategy from AlgoTech’s result-oriented Team has enticed investors from Solana SOL and Binance Coin BNB communities.

In conclusion, Investors constantly look for new projects set to replace big projects like Solana SOl and Bincance Coin BNB, as these big projects don’t have the flexibility to give massive ROI in investment. So crypto investors move from Solana SOL and Binance Coin BNB rushing into Algotech’s AI-powered platform which can be seen from the $5.2 million AGLT presale raise and AGLT airdrop.

AGLT presale is ongoing and is 96.75% complete as of the time of writing this comprehensive article.

Learn more:

Visit Algotech Presale

Join The Algotech Community

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. 

 

Paris Blockchain Week 2024 (PBW) witnessed a convergence of innovative minds and pioneering ideas, with a focus on the exploration of Web3 technologies. Seed.Photo, represented by its co-founder Alex Atashkar, drew attention during a panel discussion titled 'Crafting Digital Identities in the Web3 Landscape,' held on April 9th at the esteemed Mona Lisa Stage in the Louvre.

The panel discussion served as a melting pot of diverse perspectives, exploring the complexities of Web3 technologies, particularly focusing on digital identities and their implications for consumers and brands. Led by moderator Itai Elizur(MarketAcross COO), the panel featured industry leaders including Sébastien Borget(The Sandbox Co-Founder), Ilan Nabeth (Playmakers CEO), Eugene Nacu (RaribleCTO), and Patrice Poujol (Lumiere Founder & CEO).

Throughout the discussion, several key themes emerged, shedding light on the changing dynamics of digital identity in the Web3 space. The panelists examined how consumer and brand identities overlap online, pointing out how Web3 technologies have the power to change these connections fundamentally. There was a concerted effort to explain the concept of Web3 identity, distinguishing it from its Web2 counterparts and underlining its broader significance beyond a mere profile picture.

A recurring topic was the significance of fan engagement in cultivating brand loyalty. The panelists accentuated the crucial role of community in shaping brand identities,expanding on the concept and its fundamental role in identity formation within the Web3 sphere. They underscored how Web3 technologies empower individuals to become stakeholders in communities, cultivating deeper connections and mutual benefits. Moreover, there was unanimous consent on broadening the scope of identity to include brands, recognizing the symbiotic relationship between brand identity and community engagement.

Alex Atashkar, co-founder of Seed.Photo, provided a unique perspective to the discussion by emphasizing the role of Web3 in adding value to NFTs through genuine art and blockchain technology. He highlighted the significance of Web3 in combating copyright infringement and revitalizing the art industry. Seed.Photo stood out as the sole company at Paris Blockchain Week integrating art into the Web3 domain, showcasing its innovative approach in this area.

As the the panel discussion concluded, Seed.Photo, alongside its esteemed counterparts, sparked a collective aspiration for a more decentralized, fair, and empowering digital future.

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. 

 

Missed Solana's massive 150X run from $15 in 2023 to its peak? That incredible surge captured the attention of the entire crypto world and solidified Solana's place as a powerhouse in the market. However, expecting another 150X run from Solana might be overly optimistic – it's already had its meteoric rise. Now, traders are on the lookout for the next big opportunity, a new hidden gem in the crypto space that could replicate Solana's phenomenal growth. This isn't just about chasing gains; it's about strategic positioning in a nascent project poised for substantial expansion. We're talking about getting in early on a project with the potential for significant returns, providing a smart edge in the dynamic crypto market.

BlastUP Presale Approaches $7M Threshold, Heading Into Its Final Week

BlastUP, a leading launchpad platform on Blast, is progressing rapidly with nearly $7 million raised to date.

With just one week remaining until the presale ends, the interest has surged. This heightened enthusiasm is evident as investors hurry to buy BLP tokens before an anticipated price increase.

Industry experts suggest a fair market value of $10 for $BLP, although it is currently trading at less than $0.10. The ongoing presale offers an opportunity for a strategic investment with a potential return on investment of up to 1000%.

 

Buy $BLP Now For 1000% ROI

Why Buy $BLP Tokens Now?

The key advantage of buying BLP tokens now is their attractive price. On top of that, these tokens serve the backbone of financial transactions on BlastUP, designed to ramp up user engagement. The token holders can participate in IDOs, earn up to 12% interest through staking, and enjoy exclusive loyalty rewards. Plus, BLP owners receive allocations from token sales of exciting new projects launched on BlastUP.

Key benefits of the BLP token:

Access to Airdrops

Staking rewards up to 12% APR

Priority access to tiered IDO launches on BlastUP with exclusive loyalty rewards

By leveraging these utilities, BLP token holders not only reap significant benefits but also play a pivotal role in driving the success of the entire ecosystem.

Join BlastUP Presale Now To Unlock All Benefits 

BlastUP Earns Community Trust and Promotes Security  

BlastUP is quickly becoming a leading launchpad for crypto startups on Blast, the L2 blockchain ranking in a top 10 by total value locked. Within the bustling Blast ecosystem, BlastUP is pivotal in fostering growth and enhancing visibility for new projects. In a remarkably short period, BlastUP has cultivated a strong reputation, amassing a substantial following on X, Telegram, and Discord. 

 

 

At the heart of BlastUP's operations is a deep commitment to security and transparency. This commitment is foundational, underpinning the platform's dedication to ensuring user confidence and peace of mind. BlastUP's security measures have undergone rigorous validation, with successful compliance checks carried out by leading audit firms, CertiK and Assure Defi. Underscoring its strong focus on security, BlastUP received an impressive score of 87 out of 100 from CertiK, placing it 12th on the Pre-Launch Security Leaderboard.  

BlastUP Aims to Transform Startup Launches by Integrating AI and Web3

BlastUP is setting a new standard for how startups debut on its platform, with a strategic roadmap focused on integrating advanced AI and Web3 technologies by 2026. Key initiatives include the development of an AI-powered Initial Dex Offering (IDO) screener and AI tools tailored for startup teams. These enhancements are part of BlastUP’s broader strategy to bolster its ecosystem and reinforce its position at the forefront of blockchain innovation. The aim is to equip startups with state-of-the-art tools that streamline and optimize their launch processes.

Looking Ahead

As BlastUP continues to carve out a niche as a transformative force in the space, it leverages cutting-edge AI and Web3 technologies while maintaining a strong commitment to security and community engagement. The ongoing presale of $BLP tokens offers a unique opportunity for investors to join a promising project at an attractive price point. With the presale nearing its conclusion, potential investors are urged to act swiftly to secure their $BLP tokens and position themselves to capitalize on BlastUP’s forthcoming successes and initiatives.

Site: https://blastup.io/

Twitter: https://twitter.com/Blastup_io

Discord: https://discord.gg/5Kc3nDhqVW

Telegram: https://t.me/blastup_io

Disclaimer: This is a sponsored press release 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.