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🔥🔥🔥 #chatgpt Suggests Top 5 #Altcoins👀🚀 Under $0.01 for a $1,000 Investment As the market gears up for a potential bull rally, ChatGPT recommends considering the following five altcoins under $0.01 for a $1,000 investment: 1. Shiba Inu ($SHIB ): ChatGPT suggests allocating $300 to SHIB. With its current price at $0.00002512, this investment would yield approximately 11.94 million SHIB tokens. SHIB's strong community and liquidity, coupled with its potential for growth based on market trends and community activities, make it an appealing option. 2. #Holo (HOT): - With an emphasis on scalability and data integrity, Holo presents a unique approach to decentralized applications. ChatGPT recommends investing $250 into HOT, which would translate to around 109,649 tokens at the current price of $0.00228. 3. #BitTorrent (BTT): Acquired by Tron in 2018, BitTorrent offers decentralized data-sharing services. ChatGPT advises investing $200 into BTT, which would result in approximately 163.66 million tokens at the current price of $0.000001222. Its integration with the Tron blockchain and utility in decentralized file-sharing enhance its potential. 4. Siacoin ($SC ): Siacoin, the native token of the Sia blockchain-based cloud storage project, is recommended for a $150 investment. With a current price of $0.007335, this investment would yield approximately 20,449 SC tokens. Siacoin's role in decentralized storage and its market positioning make it a promising choice. 5. #Electroneum (ETN): With a focus on mobile-based payments and financial inclusion, Electroneum is highlighted as a potential investment option. ChatGPT suggests allocating $100 to ETN, which, at the current rate of $0.003, would yield approximately 333,333 tokens. Its role in facilitating microtransactions and its market potential contribute to its inclusion in this list. These recommendations aim to provide investors with diversified options under $0.01 for potential participation in the anticipated bull rally. Source - thecryptobasic.com

🔥🔥🔥 #chatgpt Suggests Top 5 #Altcoins👀🚀 Under $0.01 for a $1,000 Investment

As the market gears up for a potential bull rally, ChatGPT recommends considering the following five altcoins under $0.01 for a $1,000 investment:

1. Shiba Inu ($SHIB ):

ChatGPT suggests allocating $300 to SHIB. With its current price at $0.00002512, this investment would yield approximately 11.94 million SHIB tokens. SHIB's strong community and liquidity, coupled with its potential for growth based on market trends and community activities, make it an appealing option.

2. #Holo (HOT):

- With an emphasis on scalability and data integrity, Holo presents a unique approach to decentralized applications. ChatGPT recommends investing $250 into HOT, which would translate to around 109,649 tokens at the current price of $0.00228.

3. #BitTorrent (BTT):

Acquired by Tron in 2018, BitTorrent offers decentralized data-sharing services. ChatGPT advises investing $200 into BTT, which would result in approximately 163.66 million tokens at the current price of $0.000001222. Its integration with the Tron blockchain and utility in decentralized file-sharing enhance its potential.

4. Siacoin ($SC ):

Siacoin, the native token of the Sia blockchain-based cloud storage project, is recommended for a $150 investment. With a current price of $0.007335, this investment would yield approximately 20,449 SC tokens. Siacoin's role in decentralized storage and its market positioning make it a promising choice.

5. #Electroneum (ETN):

With a focus on mobile-based payments and financial inclusion, Electroneum is highlighted as a potential investment option. ChatGPT suggests allocating $100 to ETN, which, at the current rate of $0.003, would yield approximately 333,333 tokens. Its role in facilitating microtransactions and its market potential contribute to its inclusion in this list.

These recommendations aim to provide investors with diversified options under $0.01 for potential participation in the anticipated bull rally.

Source - thecryptobasic.com

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5 of 7 on-chain indicators suggest the #BullRun🐂 is just beginning Bullish Indicators for Bitcoin Despite recent market consolidation, on-chain metrics like the Bitcoin MVRV Z score, Puell Multiple, and hodl waves signal a bullish outlook. Analyst "ELI5 of TLDR" points to five key indicators suggesting the bull market may be starting. Key Indicators 1. Bitcoin Market Dominance - Historically, high Bitcoin dominance marks the start of bull markets, with altseason signaling the next stage. Bitcoin’s dominance is currently over 56%, indicating potential for further gains. 2. Bitcoin MVRV Z Score - The MVRV Z score compares Bitcoin's market value to its historical average, peaking around six during market tops. Current levels are below six, suggesting room for growth. 3. Puell Multiple - This metric, which divides the daily value of Bitcoin mined by its yearly moving average, aligns with cycle peaks. It has not surpassed three, indicating we have not yet reached the cycle top. 4. Hodl Waves - Charts showing Bitcoin held by different cohorts suggest reduced selling pressure, with a decline in younger band peaks. This indicates potential for further upward movement. 5. Bitcoin Miner Revenue Per Hash - Despite decreasing over time with increased network difficulty, spikes in miner revenue per hash have historically aligned with market cycle peaks. Current trends suggest continued growth. Cautionary Metrics 1. Realized Hodl (RHODL) Ratio - This ratio compares the average price of recently bought coins to those bought one to two years ago. High values may indicate a market peak, as seen in March. 2. Cumulative Value-Days Destroyed (CVDD) - This metric tracks the value-time destruction ratio. Peaks in CVDD suggest that many old coins moving simultaneously could signal a market peak. Current Market Status - As of now, Bitcoin is trading at $66,668, down 10% from its mid-March all-time high. These on-chain indicators collectively paint a picture of a potentially ongoing bull market, though some cautionary signs exist. Source - cointelegraph.com
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💥💥💥 #Polkadot Primed for Bullish Events Ahead, TikTok-Like Parachain in the Works, Could $DOT Price go 10x This Cycle? Polkadot is exploring new frontiers with plans to develop a TikTok-like Parachain, aiming to unlock SocialFi opportunities and drive significant growth. Founder of Project Liberty and McCourt Global Executive Chairman, Frank McCourt, has expressed interest in acquiring and revamping TikTok on the Polkadot network. The One Frequency Parachain is equipped to handle the vast social media traffic from TikTok, transitioning it into Web3 spaces and empowering users to own and control their identity and data through blockchain technology. In addition to this announcement, Polkadot has made several bullish strides recently. The founder of Global Accelerator plans to launch the first Web3 Founder Academy in collaboration with Polkadot. The "Behind the Code" documentary series has been updated with "Building the Future of #Web3 ." Signed copies of key blockchain documents, including the Ethereum Yellow Paper, JAM Gray Paper, and the Polkadot White Paper, are being auctioned, with proceeds going to charity. The highest bid for the JAM Gray Paper is currently 60,000 GLMR. Polkadot's bullish momentum is further supported by its upcoming appearances at major events. The #Blockchain will be featured at Consensus 2024 from May 29 to May 31, where attendees can explore its brand, ecosystem projects, and merchandise at booth 1209. Following this, Polkadot Decoded will occur from July 11 to 12 in Brussels, Belgium, with over 100 speakers and 100 blockchain projects. Additionally, Polkadot’s DePIN project, Peaq Network, has been accepted into Mastercard’s Start Path program. With these developments, Polkadot appears well-positioned for the anticipated crypto bull run. The current price of DOT is $7, according to CoinMarketCap. There is speculation about whether DOT could surpass its previous all-time high and potentially achieve a tenfold increase in value. This is not investment advice. Source - cryptonewsland.com
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🔥🔥🔥 The Big Day for the #cryptocurrency Market is Just 4 Days Away: Two Analysts Explain Their Views The US Securities and Exchange Commission (SEC) is set to make a crucial decision on the approval of Ethereum ETFs within the next week. However, Ric Edelman, President of the #digitalassets Council of Financial Professionals, believes the lack of a comprehensive regulatory framework for cryptocurrencies may result in a negative outcome. Edelman, a well-known investor and personal finance writer, anticipates another delay in the decision. “I think there will be another delay, which obviously isn't all bad news,” he said in an interview on CNBC's “ETF Edge” this week. The SEC faces two options in its decision on May 23: approval or rejection. However, a rejection could also imply a postponement. “Without clear regulations, investors are left to navigate the market on their own, outside the investment advisory community because advisors can't provide guidance without knowing the rules,” Edelman explained. This lack of regulation often leads to investors falling prey to fraud. Edelman also criticized SEC Chairman Gary Gensler for not establishing regulations, arguing that this inaction “actually hurts the consumer rather than helps.” On the other hand, Matt Hougan, Chief Investment Officer of Bitwise Asset Management, supports the need for new rules. Hougan contends that “80-year-old securities laws do not fit neatly into this world of digital assets, crypto, and 21st-century technology.” He believes everyone desires a safe and secure platform where investors are protected and innovation is encouraged. Bitwise has its own filing for a spot #EthereumETF , and Hougan remains optimistic. “We've entered the ETF era for crypto. We've seen #BitcoinETFs come to market and the positive impacts they've had on investors by lowering costs, improving regulations, and increasing safety and security. I think we'll achieve that with Ethereum as well,” he concluded. *This is not investment advice. Source - en.bitcoinsistemi.com #BinanceSquareTalks
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🔥🔥🔥 Crypto Post-Mortem: Here’s How Pump.Fun Was Exploited For $2 Million The Solana-based platform Pump.fun recently fell victim to an exploit, leaving the #CryptoCommunity in a state of uncertainty regarding the extent of the damage. While exact figures and motives remained unclear, reports emerged suggesting millions of dollars in users' funds had been siphoned off, prompting comparisons to a crypto Robinhood. Initial reports indicated that Pump.fun's bounding curve contracts had been compromised, prompting the platform to halt all trading temporarily while investigations ensued. Pump.fun, created to protect crypto tokens from rug pulls, has become popular for influencers and users wanting to launch tokens without the traditional complexity and costs. The platform uses bonding curve contracts, which rely on a mathematical model to set token prices based on supply. Part of the liquidity is deposited on #Raydium for burning once the token's market capitalization reaches a specific threshold. Amidst conflicting community reports, some claimed the attacker had made off with a staggering $80 million from the platform's bonding curve contracts, sparking concern among affected users. Lookonchain's report suggested the attacker was swiftly identified, initially posing as an unaware user before accusing the platform's founders of withdrawing the stolen amount beforehand. A former Pump.fun employee exploited privileged access to private keys to steal 12,300 SOL ($1.9 million). Using flash loans from a Solana lending protocol, the attacker bought tokens on Pump.fun, accessed bonding curve liquidity, and repaid the loans once the tokens peaked in value. Fortunately, the attacker only accessed $1.9 million of the $45 million in contracts. In response, Pump.fun redeployed bonding curve contracts and pledged to seed liquidity pools with equal or greater SOL liquidity within 24 hours for affected users. They also announced a 0% trading fee for the next 7 days, significant given their daily fee revenue of $1 million. Source - www.newsbtc.com
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