Former President Donald Trump is in talks to speak at the Bitcoin 2024 convention in Nashville, signaling a significant shift in his stance on cryptocurrency as he seeks to attract votes in the upcoming election.

Trump Favoring Crypto in Re-election

Two sources familiar with the situation have confirmed negotiations that Trump could address the public at the upcoming Bitcoin 2024 convention. If successful, this would mark a significant moment in the intersection of cryptocurrency and politics.

This decision signifies a notable shift in his stance on cryptocurrency. In 2019, he publicly criticized Bitcoin and other cryptocurrencies, labeling them volatile and unreliable. In a tweet, he expressed concerns over their unregulated nature and potential for facilitating illegal activities and questioned the legitimacy of digital currencies compared to the U.S. dollar.

However, Trump's current campaign trail has shown a marked change in his position. 

Recently, in Wisconsin, he stated, 

"I will end Joe Biden's war on crypto. We will ensure that the future of crypto and the future of Bitcoin will be made in America." 

This statement highlights a strategic pivot aimed at garnering support from the cryptocurrency community.

Political Implications

The contrast between Trump's evolving views and the Biden administration's more reserved, sometimes hostile, approach to cryptocurrency is becoming increasingly evident. Some in the industry perceive the Biden administration as undermining cryptocurrency on multiple fronts. This stark divergence has caused some wealthy crypto investors to reconsider their political allegiances, potentially swaying votes in the tightly contested upcoming election.

For example, Tyler and Cameron Winklevoss, the co-founders of Gemini, have each pledged a million dollars to Trump’s re-election campaign. 

The Bitcoin 2024 Convention

Bitcoin 2024, organized by Bitcoin Magazine, will take place from July 25 to 27, right after the Republican National Convention. This event is recognized as the largest Bitcoin gathering of the year, drawing significant attention within the crypto community. 

In addition to Trump, the convention will feature several other prominent speakers. Independent presidential candidate Robert F. Kennedy Jr., former GOP candidate Vivek Ramaswamy, and Tennessee Senators Bill Hagerty and Marsha Blackburn are all slated to address the attendees. 

Trump’s Changing Stance

Trump's reconsideration of cryptocurrency aligns with a broader pattern of shifting positions on key issues. This campaign cycle has seen him change his stance on various topics, including his earlier threats to ban TikTok over national security concerns, which he now opposes despite ongoing Congressional efforts to regulate the app.

As the election nears, Trump's engagement with the crypto community could influence voter support, particularly among those invested in the future of digital currencies. Representatives of Bitcoin Magazine have yet to comment on Trump's possible participation, but the event's history of hosting controversial figures suggests a fitting stage for such a high-profile appearance.

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.

What began as a wild experiment has turned into another memecoin success story. By harnessing the power of AI, the creator of Turbo Token ($TURBO) created a unique crypto experience that has been on a spectacular rally.  

Amid widespread market downturns and Bitcoin losing its $64,00 support, the AI-generated memecoin Turbo ($TURBO) is on a hot streak, gaining over 24% in the past seven days and garnering significant social attention. 

$TURBO Leads Memecoin Mania

Investors continually seek alternative investment opportunities in the volatile and often stressful crypto market that may lead to great returns. Memecoins offer just that. With uncertainty always looming, memecoins provide some fun relief while bringing real financial growth opportunities. 

Turbo ($TURBO), an AI-generated memecoin, has taken the market by storm with its impressive recent growth. Over the past week, $TURBO has gained 24% and is currently trading at $0.00524. Boasting a market cap of $333,632,035, $TURBO has one of the most unique origin stories. 

The now decentralised community-driven crypto project began when its creator, Rhett Mankind, tasked GPT-4 to create the next big memecoin with a budget of $69. Under the advice of GPT-4, Rhett named the project “Turbo Toad,” vowing to follow GPT-4’s instructions. The project’s tokenomics, whitepaper and structure were all developed by AI, highlighting this technology's incredible power and potential in the crypto industry. 

As a proudly community-driven initiative, the project includes other key features such as no taxes on transactions and renounced contract ownership. $TURBO is backed by robust community support, which will propel the project to future success. Turbo has undoubtedly provided its investors with substantial gains since its inception.  

Memecoins Suffer Under Market Uncertainty

The broader crypto market is showing bearish sentiment, with fears over macroeconomic conditions prompting many investors to sell off their positions. Altcoins have followed Bitcoin’s downward trend, proving that no coin is immune to the industry’s inherent volatility. Bitcoin dropped below $59,000 today after reaching $70,979 earlier in the month, and altcoins such as Ethereum ($ETH) and Solana ($SOL) are down by 5% and 10%, respectively, over the past week. 

Popular memecoin Dog Wif Hat ($WIF) recorded a massive 60% tumble since its high at the end of May, but it appears to be nearing the end of its sell-off. Memecoin OG Dogecoin ($DOGE) has also seen better days, down 30% over the past month. 

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.

In this digital age, crypto staking is the new way to make money online. OkayCoin is the leading platform and we have a staking service for you. This guide will go into the details of crypto staking, benefits and earnings and how to get started with OkayCoin. Whether you’re an old timer or new to crypto, this guide will give you the knowledge and tools to make the most out of OkayCoin staking.

What is cryptocurrency staking?

Staking is a way to earn rewards by holding and staking certain cryptocurrencies, like earning interest on a high-yield savings account. By staking you lock your digital assets in a blockchain network, participate in its security and transaction validation and earn passive income without selling your assets. Platforms like OkayCoin make staking more accessible through liquidity mining services, so you can join staking pools with smaller amounts of cryptocurrency, so the entry barrier is lower and more flexible. So more people can benefit from staking and earn rewards, without needing 32 ETH to be an individual validator.

Staking Crypto on OkayCoin

All crypto staking on OkayCoin are liquid staking, which means users can access liquidity without unstaking tokens with increased flexibility, allowing for efficient capital allocation and greater utility. And also, rewards will payout every 24 hours. Some key features and benefits offered by OkayCoin include:

Sign up Bonus: Upon signing up new users receive $100 as a bonus.

User-Friendly Interface: It provides an easy-to-use platform that supports staking multiple cryptocurrencies at once, users can also feel free to ask customer service for help at any time if users encounter any issues.

Top-notch Security: Prioritizing high security as a paramount concern, OkayCoin implements cutting-edge security protocols to safeguard users' assets throughout their staking activities on the platform.

These features make OkayCoin the best choice for anyone looking to make most out of their crypto earnings through staking.

The Crypto staking process on OkayCoin:

Registration and Account Setup:

Go to the best crypto staking platform OkayCoin and sign up for an account.

Step-By-Step Guide:

Go to the staking section on the platform and choose free trial liquid staking. If you are interested in other staking products, feel free to browse.

Choose Free Trial Liquid Staking from the available list of stacking options provided.

Keep an eye on your rewards by monitoring them through staking dashboard(s).

Staking plans on OkayCoin:

Free Trial Liquid Staking: $100 for 1 day and earn $1 daily.

Ethereum Liquid Staking: $300 for 1 day and earn $6 daily.

Polygon Liquid Staking: $800 for 3 days and earn $8 daily.

TRON Liquid Staking: $1200 for 7 days and earn $12 daily.

Polkadot Liquid Staking: $3000 for 7 days and earn $33 daily.

Celestia Liquid Staking: $6000 for 14 days and earn $72 daily.

Aptos Liquid Staking: $10,000 for 15 days and earn $140 daily.

Sui Liquid Staking: $20,000 for 15 days and earn $280 daily.

Avalanche Liquid Staking: $35,000 for 20 days and earn $525 daily.

Cardano Liquid Staking: $56,000 for 30 days and earn $896 daily.

Solana Liquid Staking: $78,000 for 30 days and earn $1404 daily.

Ethereum Liquid Staking Pro: $100,000 for 45 days and earn $2000 daily.

It is difficult and time-consuming to learn many complex staking crypto knowledge and to study the advantages and disadvantages of staked crypto as a new user. Investing requires a lot of experience and knowledge. On this platform, you can start staking with a $100 bonus just by signing in, without having to invest your own money.

Conclusion

Staking cryptocurrency can be both rewarding and risky, with its popularity on the rise as platforms make staking more accessible and various blockchains adopt proof-of-stake consensus mechanisms. Understanding cryptocurrency staking is a crucial first step in mastering this potentially lucrative strategy.

OkayCoin stands out as the best cryptocurrency staking platform, offering unmatched rewards and stringent safety measures. Whether you're a novice or a seasoned user, OkayCoin provides a user-friendly interface and comprehensive options for all your Ethereum and other cryptocurrency staking needs. By leveraging the features of OkayCoin, individuals can earn passive income online while optimizing their investments in various digital currencies. Start staking on OkayCoin today and turn passive income into a reality sooner than you think!

For more information about how to get started with OkayCoin and make the most of the crypto summer, visit https://okaycoin.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 cryptocurrency market of 2024 is witnessing a remarkable surge, with Bitcoin setting its sights on the ambitious $100,000 mark. This bullish trend has caught the attention of investors worldwide, but it's not just Bitcoin making waves. A new player has entered the spotlight, drawing the gaze of seasoned crypto analysts who have proven their mettle by accurately predicting both the market correction of 2022 and the subsequent bull rally of 2023.

Enter Zeebu, a pioneering Web3 payment platform that's making significant strides in the telecom sector. As the crypto community buzzes with speculation and opportunity, Zeebu has emerged as a dark horse, capturing the interest of those in the know. This shift in focus begs the question: What makes Zeebu stand out in a sea of altcoins?

The crypto world is no stranger to volatility, and predictions from experienced traders often carry substantial weight. Among the myriad of digital currencies vying for attention, Zeebu has managed to distinguish itself. Its rising prominence is evidenced by its frequent appearances in top searches on CoinMarketCap and its impressive performance in USDT trading pairs across various exchanges.

This sudden shift towards Zeebu's ZBU token isn't happening in a vacuum. It represents a strategic move by savvy investors who see potential where others might not. But what exactly are they seeing? What factors are driving this newfound interest in Zeebu?

To understand this phenomenon, we need to take a closer look at the platform itself and its performance to date. Our analysis has uncovered five compelling reasons why Zeebu is uniquely positioned to excel during the 2024 bull run, potentially offering substantial returns to those who recognize its potential early.

As we delve into these reasons, keep in mind that the cryptocurrency market is always evolving. What sets Zeebu apart today could very well be the foundation for its success tomorrow. Whether you're a seasoned crypto enthusiast or a curious newcomer, understanding the factors behind Zeebu's rise could provide valuable insights into the broader trends shaping the future of digital finance.

So, let's embark on this exploration together. By the end of our journey, you'll have a clearer picture of why Zeebu is being hailed as a golden opportunity in the current bull run, and how it might just redefine the landscape of cryptocurrency investments in 2024 and beyond.

Zeebu: A Revolutionary Web3 Payment Platform

Zeebu has rapidly established itself as a leader in the Web3 payment space, particularly within the telecom sector. Its emergence as a formidable competitor to traditional financial institutions has caught the crypto community's attention. The platform's native token, ZBU, has demonstrated impressive performance, trading at $4.65 - a significant leap from its initial price of around $0.80. ZBU reached an all-time high of $4.89 after being listed on major exchanges like MEXC, Gate.io, Bitget, LBank, Bitmart, and CoinDCX.

The platform's on-chain payment solution has generated substantial interest since its launch. Zeebu's B2B platform enables telecom carriers and operators to conduct payment transactions and settle invoices with unprecedented efficiency and speed.

Why Zeebu Appeals to Whales?

Innovative DeFi Solution

Zeebu is transforming traditional finance in the telecom industry by addressing critical pain points through its decentralized payment platform. Its custom-built, user-friendly system caters to various financial needs, setting it apart from other payment platforms. Key features include:

Swift Payment Settlement: By eliminating the need for traditional financial intermediaries, Zeebu enables global payment transactions and invoice settlements within minutes.

Loyalty Rewards: Zeebu offers unique loyalty rewards to telecom carriers and operators after each successful transaction. These rewards can be redeemed without restrictions, fostering long-term user engagement.

Dedicated Community Involvement and Support

In the Web3 ecosystem, strong community engagement is crucial for establishing trust. Zeebu prioritizes transparency and active community participation to drive Web3 adoption in the telecom industry. Regular updates on key developments and milestones across various social media platforms, coupled with detailed user insights, have helped Zeebu build a loyal and supportive community - a critical factor for any cryptocurrency project's long-term success.

Robust Security Measures

Investor confidence in Zeebu's safety and reliability has been bolstered by a comprehensive security audit conducted by Cretik, a leading blockchain security firm. Furthermore, Zeebu's listings on prominent exchanges like Gate.io, Bitget, and CoinDCX have significantly enhanced its market visibility and credibility. The ZBU token's rapid ascent in CoinMarketCap ranking from #2100 to under #210 — has generated substantial investor interest and made it a hot topic in crypto circles.

Expert Insight on ZBU Price

Despite the broader cryptocurrency sector facing challenges in 2023, ZBU's initial positive momentum garnered widespread attention. Unlike many new crypto projects that rely solely on hype, ZBU's success is rooted in its platform's strong performance and solid fundamentals.

Official reports indicate that Zeebu has processed over $2.5 billion in transaction volume only within a year of its launch. This rapid growth for a new payment platform underscores its potential for future expansion, attracting more individuals to explore its prospects. Interest from prominent crypto analysts has further fueled optimism surrounding Zeebu.

Zeebu Token: Aiming for $10?

Source: Tradingview

Zeebu's ZBU token has demonstrated a strong bullish pattern, characterized by higher highs and higher lows. This trend has led whales and experienced traders to take a long-term interest in ZBU, with some predicting a 5x to 10x increase in value during the 2024 bull run.

Beyond the price structure, key technical indicators also suggest a bullish outlook, with the potential for new all-time highs above $4.89 and a possible surge to $10. Currently, the ZBU token is consolidating near its all-time high, which could trigger further momentum. These bullish signals are attracting both savvy investors and newcomers, fueling the growth momentum behind ZBU.

Conclusion 

In summary, Zeebu is garnering significant attention from influential analysts and strategic traders alike. Its innovative platform, strategic partnerships, and strong market presence make it a compelling investment opportunity in 2024. As the market continues to grow, Zeebu’s ZBU token is set to thrive, promising

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 Bitcoin RSI - or Relative Strength Index - has officially entered the oversold territory for the first time in 10 months. 

This comes after today’s Bitcoin price crash which saw the largest cryptocurrency trading close to $60,000. 

Investors dumped their BTC holdings after defunct crypto exchange Mt.Gox announced that it would start its Bitcoin repayments in July. 

While BTC has faced significant selling pressure over the past month, its RSI hitting oversold levels indicates a strong possibility of a bullish reversal. 

Bitcoin RSI Now Oversold - Is A New All-Time High Next For BTC?

It is hard to understate how rare and bullish it is for the Bitcoin RSI to enter oversold territory. The last time this occurred 10 months ago, BTC was still trading at $26,000. In fact, the RSI did not dip to oversold even when the Bitcoin price crashed to $56,000 in May. 

More importantly, the Relative Strength Index is not unimportant data for Bitcoin, as is the case with several altcoins.

In the past two years, the Bitcoin RSI hitting oversold levels has resulted in the largest cryptocurrency skyrocketing by 62%, 63% and 198% respectively. 

Considering that the BTC is still trading above $60,000 - currently at $66,700 at press time - there is a significant possibility of Bitcoin reaching new all-time highs in the coming weeks. 

Some experts are also spinning the Mt. Gox news as a potential positive for BTC, even though $9 billion worth of Bitcoin is set to hit the market before October. However, as the saying goes, bad news often marks the bottom for BTC. 

Indeed, analysts believe that insiders could have had the information regarding Mt. Gox’s announcement and could have been front-running the news. 

This probably was already known to insiders and they’ve been frontrunning the news the past few weeks. https://t.co/DSuRUIA5P1

— CoinMamba (@coinmamba) June 24, 2024

Popular investor Crypto Mikey - who has close to 50k followers on X - believes that the $57,500 to $59,500 range could mark the bottom for Bitcoin. Indeed, BTC’s monthly and quarterly support levels, along with its 200-day Simple Moving Average fall in this range and could provide a strong footing for a bullish reversal. 

$BTCSelling continues, below we have monthly, quarterly and the 200MA support. Assuming we aren’t entering an extended bear market (which I don’t believe we are), 57.5-59k would be a money zone for swing longs pending reaction. pic.twitter.com/doAJWoWwdF

— Crypto Mikey (@CryptoCX1) June 24, 2024

This would provide much-needed respite for the altcoins and likely prove to be a major boost for new meme coins such as Sealana. 

Could Sealana Be The Next Big Solana Meme Coin?

A Bitcoin bull rally would likely put the spotlight on meme coins, considering their strong correlation during this cycle. 

As a result, investors believe that the new meme coin Sealana ($SEAL) could see an explosive price action right after its launch. In fact, popular YouTuber Martin Iyooh has even hinted at the possibility of 10x gains post-IEO. 

This Solana meme coin has been in high demand from the start of its presale, having already raised over $5 million. However, the presale is coming to an end tomorrow on June 25th at 6 PM UTC, adding to the FOMO surrounding the token. 

Sealana’s popular mascot - a chubby and patriotic seal - has emerged as one of the key factors behind its demand. This phenomenon is not rare either. Most big meme coins - including Dogecoin, Pepe and Dogwifhat - have benefitted tremendously from the popular memes behind them. 

It’s not without any reason that YouTube influencers such as Crypto Mischief are calling Sealana the next big Solana meme coin. 

Experts are also viewing it as a potential major player in the PolitiFi landscape, owing to its mascot’s anti-establishment, pro-Trump views. As the US presidential elections draw near, politically-themed tokens are expected to explode and Sealana is one of them. 

Interested buyers can visit the Sealana website to purchase the meme coin. They are also advised to follow the project’s X and Telegram accounts to keep up with the latest updates. 

Visit Sealana Presale

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.

Defunct crypto exchange Mt. Gox will start distributing $9 billion in bitcoin ($BTC) and bitcoin cash ($BCH) repayments from the beginning of July 2024. Following the announcement, Bitcoin dropped over 5% and currently trades at $61,043. 

Mt. Gox creditors will finally receive some relief after the now-defunct exchange announced it will begin distributing $9 billion in bitcoin ($BTC) and bitcoin cash ($BCH) from the beginning of July. Creditors have waited over ten years to receive funds stolen in a 2014 hack. 

Relief After Decades’ Worth Wait

Defunct Japanese cryptocurrency exchange Mt. Gox will start distributing assets stolen from clients during a 2014 hack. In a notice sent by Mt. Gox Rehabilitation Trustee Nobuaki Kobayashi on Monday, the exchange will begin distributing assets to its creditors after years of postponements. According to the notice, Mt. Gox will repay $9 billion in $BTC and $BCH. 

“We have taken time to ensure safe and reliable repayment to creditors, including technical remedies for safe repayments, compliance with financial regulations in each country, and discussion of repayment arrangements with the cryptocurrency exchanges,” the notice reads. 

Mt. Gox, once the leading cryptocurrency exchange was responsible for processing over 70% of all Bitcoin transactions in its early years, fell victim to a devastating hack in early 2014. The attack resulted in the loss of 740,000 bitcoin, currently valued at $15 billion. 

After years of back and forth, creditors will finally receive repayments. Kobayashi explained that the repayments that will be made from the beginning of July are subject to due diligence and specific safety measures. 

The repayment plan has been in the works for several years and received a deadline of October 2024 from a Tokyo court last year.

Bitcoin Drops Over Concerns of Selling Pressure

Minutes after the announcement became public, $BTC plummeted to $61,000 while $BCH dropped 9% from yesterday, currently trading at $352.86. $BTC slightly recovered and traded at $61,338 when writing. 

The repayments will likely add selling pressure to the Bitcoin market as early Mt. Gox investors will receive repayments with a much higher value than their initial investment. It is reasonable for creditors to sell their holdings or at least part thereof. 

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 cryptocurrency investment landscape is experiencing unparalleled growth, with the recent launch of Bitcoin Spot ETFs and the imminent approval of Spot Ether ETFs driving institutional and retail investor interest. However, the abundance of blockchain transactions has created a noisy environment, making it challenging for investors to make informed decisions. This information overload has led to difficulties in monitoring portfolio performance, assessing profitability, and rebalancing investments efficiently. 

SoSoValue has rapidly emerged as a game-changer in the crypto investment research space, reaching 1.2 million registered users within just four months of its launch. The platform's success is built on its advanced AI capabilities, which organize and present vast amounts of data from various sources, making it easily accessible to investors. With a recent $4.15 million seed funding round led by HongShan, GSR Markets, Alumni Ventures, CoinSummer Labs, and OnePiece Labs and Gitcoin Co-founder, Ethereum early investor, other founders of top Web3 and AI tech firms, SoSoValue is poised further to enhance its data services and AI-empowered news feeds and expand its research community. We discussed the platform's transformative potential, unique features, and vision for democratizing access to high-quality crypto investment insights with Jiva Kwan, Co-founder of SoSoValue.

1. As co-founder, what do you see as the biggest challenge in democratizing access to high-quality crypto investment insights, and how is SoSoValue addressing this?

The biggest challenge in democratizing access to high-quality crypto investment insights is overcoming the technical complexity and information overload that often characterize the crypto market. Retail investors need more tools and expertise to sift through vast data and derive meaningful insights. SoSoValue addresses this by leveraging advanced AI algorithms to process and analyze data from multiple sources, presenting it intuitively and easily understandable. Our platform transforms complex crypto-native information into actionable insights, ensuring every investor, regardless of background, has access to the same high-quality information.

As an early investor in the crypto sector,  I witnessed the beginning of crypto breaking through into traditional finance investment, highlighted by events such as DeFi Summer and the NFT boom in 2021. During this transformative period, I met our co-founder, May, a veteran investor with a long successful record in traditional finance. Our discussions clarified a significant disparity in information accessibility between the crypto-native and traditional finance communities. Crypto investors often need more access to traditional financial insights, while those from traditional finance find the fragmented and unstructured crypto data overwhelming, requiring multiple tools for informed decision-making.

Therefore, the key to information equality is to bridge the huge gap between crypto and traditional finance. With the advent of AI, we now have the means to address this challenge effectively. We then brought on board two additional co-founders, Xue and Jess, who specialize in AI tech and bringing that to the mass market. Together, we founded SoSoValue, leveraging advanced AI modeling to consolidate and filter information from diverse data sources, including financial data, on-chain and off-chain feeds, and expert analyses. We also curate insights from crypto-native perspectives and solid financial frameworks. We aim to provide investors with a comprehensive, one-stop overview of the market’s critical and actionable trends.

2. Your team mentioned a focus on globalization. How do you plan to make SoSoValue accessible across different languages and cultures?

Globalization today faces two primary challenges: the linguistic and cultural gap and the disparity in development levels across regions. The first challenge can be effectively addressed with AI. SoSoValue utilizes AI-powered large language models to perform comprehensive site-wide translations, making our platform adaptable to various languages and cultures. This enables investors from different regions to access global data and information in their native languages. Additionally, our soon-to-be-launched AI-based recommendation system will make personalized vertical AI agents available, ensuring that users receive the most relevant and tailored information, irrespective of their language or region.

The more significant challenge of globalization is the uneven development across regions. Data from on-chain wallet addresses reveal that most wallets hold less than $100 in assets. The historically high costs of traditional finance and crypto services have excluded many investors from economically disadvantaged areas. At SoSoValue, we aim to bridge this gap by providing permanently free access to high-quality investment research information. This empowers investors from diverse economic backgrounds to access the same valuable insights as those in more developed regions.

3. With the imminent approval of the Spot Ether ETF, how is SoSoValue preparing to support investors in this new phase of the crypto market?

Before the Bitcoin spot ETF launch, we observed a significant gap in understanding between crypto-native and finance-native investors. Crypto investors needed more insights into traditional finance mechanics, while finance professionals needed to be more knowledgeable about the impact of a cryptocurrency ETF on the stock and crypto markets. We merged insights from both sectors when the Bitcoin ETF was approved to address this. We were the first to introduce the concept of daily net inflows and outflows for spot ETFs, and we developed the SoSoValue Bitcoin Spot ETF Dashboard (https://sosovalue.com/assets/etf/us-btc-spot). Our goal was to help investors from both realms quickly understand the impact of the Bitcoin ETF and monitor key indicator changes. The market responded enthusiastically, with media outlets like BSCN and ForesightNews citing our data. The significant exposure of our Bitcoin ETF dashboard led to a large influx of high-retention, quality users.

For the upcoming Ethereum spot ETF, SoSoValue will build on the core concepts of the Bitcoin Spot ETF Dashboard while incorporating Ethereum's unique features, such as staking. We will provide a professional yet user-friendly dashboard for crypto and traditional finance investors, including real-time tracking of critical information like total net inflow and daily net inflow for the Ethereum Spot ETF, among other key metrics.

4. Can you share more about SoSoValue's AI-powered news automation APIs and how they contribute to a more informed investment landscape?

SoSoValue utilizes large language models (LLMs) to filter, classify, tag, translate, integrate, and summarize vast information gathered from thousands of web crawlers. We eliminate irrelevant data and categorize the rest into various sectors or subcategories, tagging them precisely to specific cryptocurrencies. We ensure investors can quickly find the information they need within their chosen cryptocurrency category. This meticulously classified information is also accessible to investors and partners through APIs.

Our in-house AI models detect anomalies and key changes in on-chain and off-chain data. We promptly push these updates to users, ensuring they are immediately informed of market movements.

The SoSoValue News Bot, powered by our AI-driven news automation APIs, has also been launched. You can subscribe and experience it on Telegram: https://t.me/soso_news_bot.

5. With features like the Crypto Sector Index, how does SoSoValue help investors navigate the diverse and complex world of cryptocurrency investments?

 The Crypto Sector Index is designed to simplify cryptocurrency investments' diverse and complex world by categorizing assets into specific sectors. This feature allows investors to compare performance, assess sector-specific risks, and identify opportunities within different segments of the crypto market. The Crypto Sector Index helps investors make more strategic decisions and diversify their portfolios effectively by providing a clear overview and comparative analysis. It demystifies the complexities of the market, enabling users to understand the broader trends and dynamics at play.

With the rising popularity of ETFs and the SoSoValue Bitcoin Spot ETF Dashboard in the cryptocurrency market, we've attracted many economically strong and rational investors. These investors are focused on long-term tracking and research of the crypto market, aiming to gain a deep understanding of market dynamics and trends. Given the challenge of researching and following the vast number of cryptocurrencies individually, we've received numerous suggestions and requests for a tool that provides an intuitive way to track the entire market and its various sectors.

To address this need, we systematically categorized and tracked market sectors that have become conventions over the past 3 to 5 years and developed the Crypto Sector Index (https://sosovalue.com/assets/cryptoindex). This tool allows investors to quickly and easily analyze and track the market structure, compare the strengths and weaknesses of different sectors, and observe sector rotations. This enables investors to make informed decisions in the complex and ever-changing cryptocurrency market.

6. SoSoValue's classification system automates data categorization from various sources. How does this feature benefit investors in their decision-making process?

SoSoValue's automated classification system simplifies data categorization by organizing information from multiple sources into coherent and relevant categories. During this process, our AI-enhanced Spider can simultaneously crawl tens of thousands of data sources with a delay of less than 10 seconds, covering 99% of domain data and information sources. This data is then processed in near real-time and integrated into our business system for recommendations or distribution to clients within 60 seconds.

By fine-tuning pre-trained large language models with specialized data in finance and cryptocurrency, we have developed a proprietary model specifically for SoSoValue's cryptocurrency verticals. We employ techniques such as Retrieval-Augmented Generation (RAG), Prompt Engineering, and Chain of Thought (CoT) to recognize patterns and accurately classify and recommend data, ensuring investors receive consistent and highly effective information.

Thanks to our AI-driven information processing flow, investors receive the data that best meets their needs in the shortest possible time. This significantly reduces the effort required to filter and screen information, providing a solid foundation for informed investment decisions.

7. You've mentioned plans to support independent researchers. How will this initiative contribute to SoSoValue's mission of information equality in the crypto space?

We have observed that skilled researchers can earn substantial income in traditional finance through sell-side or buy-side research platforms. However, the cryptocurrency field needs such platforms and pathways. Therefore, we aim to establish a platform where every insightful researcher can be heard, and excellent researchers can gain the rewards and recognition their analysis deserves. 

This supports the growth and development of researchers and provides our users with deeper market understanding and investment insights, thereby promoting information equity in the cryptocurrency investment space. We will offer researchers various data tech, charting tools, abundant resources, and structured incentives. A key initiative is to host bi-annual crypto research competitions to foster an ecosystem where high-quality, unbiased research in the cryptocurrency industry can thrive. Our Season 2 research competition is coming up in July. We welcome researchers worldwide to submit their thesis and join us in the search for deep insight and true value.  Play, stay tuned! 

8. SoSoValue offers 24/7 monitoring for continuous market surveillance. How does this feature provide early warnings to investors, and what types of events does it track?

Regarding our AI-powered news automation APIs, the 24/7 market monitoring leverages data and AI analysis to track anomalies. We provide services for price alerts, on-chain activity alerts, and significant indicator anomaly alerts. You can experience these features by installing our mobile app at https://m.sosovalue.com/ or via the Telegram Bot at https://t.me/soso_news_bot. Additionally, we are developing email and SMS alert systems, which will be available soon.

Moreover, we are working on an AI recommendation system that will offer personalized alerts and monitoring based on the tokens added to each user's Watchlist. This customization will help us serve each investor more effectively.

9. Looking ahead, what are SoSoValue's long-term goals, and how do you envision the platform evolving to meet the future needs of crypto investors?

SoSoValue will remain investor-centric, striving to make the cryptocurrency investment environment more transparent and equitable. In the current crypto market, where information is overwhelmingly complex and lacks transparency, the "right to be seen" has emerged as a new need for equality. Every excellent researcher, cryptocurrency, and project should have the opportunity to be fairly showcased and recognized. 

We will leverage AI technology for personalized information curation, automatically adjusting to evolving user needs and providing tailored information services based on transparency and equality.

Our Dex Tool, offering real-time on-chain transaction information, will be continuously improved to refine our data dashboards. These dashboards will support customizable collaboration, enabling intuitive and effective data access and analysis.

In summary, SoSoValue aims to drive the cryptocurrency market toward greater transparency and equality, ensuring great insights and entrepreneurial endeavors have equal opportunities to be heard and seen on our platform, thus positively impacting the entire crypto ecosystem.

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 Maker (MKR) price has seen significant volatility, initially soaring above $4,000 before dropping to current levels around $2,342 amidst market corrections. Meanwhile, the Litecoin price, despite the overall market downturn influenced by U.S. economic indicators, has managed a steady course, maintaining key support levels. Amid these market fluctuations, BlockDAG stands out as a leading cryptocurrency, with its X1 Miner App propelling presales to exceed $53.2 million. This performance underscores BlockDAG's rising potential and appeal in the competitive crypto landscape.

Tracking the Fluctuations of Maker (MKR) Price in DeFi

The Maker (MKR) price has experienced a volatile journey this year. Initially, the token, crucial for regulating the DAI stablecoin within the Maker protocol, soared to over $4,000 in March. However, subsequent months saw significant price corrections, with the Maker (MKR) price descending to lows around $2,500.

After reaching a high of $3,163 on May 21st, the Maker (MKR) price faced a sharp downturn, now stabilising near $2,342. Despite these challenges, current market signals and an uptick in trading volume hint at a potential rebound. If this positive trend persists, the Maker (MKR) price can regain its previous highs, reflecting its essential role in the DeFi ecosystem.

Litecoin Price Holds Steady Amid Market Turbulence

Despite widespread market corrections triggered by recent negative economic indicators from the US, the Litecoin price has shown remarkable resilience. While major cryptocurrencies like Bitcoin, Ethereum, and Solana experienced significant declines following the US Fed's rate announcement on June 12, Litecoin (LTC) has effectively maintained stability.

However, the situation is nuanced beneath the surface. While the Litecoin price remains stable, on-chain data indicates that Litecoin miners have significantly increased their selling activity since the beginning of June 2024. This surge in selling has reduced their collective reserves from 1.92 million LTC on June 1 to 1.62 million LTC by June 17, marking a substantial decrease of about 300,000 LTC. 

BlockDAG Tops Global Crypto Gainers with X1 Miner App

BlockDAG is capturing attention globally with its X1 Miner App, now available on both the App Store and Play Store. This application enables users to mine up to 20 BDAG daily, starting at a launch price of $0.05 per BDAG, with an ambitious target of $20 per BDAG by 2027. Designed for energy efficiency, the app offers a user-friendly interface and a lucrative referral system, making it an attractive option for users worldwide.

Complementing its suite of tools is the X30 miner, blending formidable mining power with practical design. The X30 boasts a robust 280 GH/s hash rate, tripling efficiency without sacrificing space or quiet, suitable for diverse environments from homes to offices.

BlockDAG's marketing efforts are bold and widespread, with events at prominent global venues like Shibuya Crossing, the Las Vegas Sphere, and Piccadilly Circus. These strategic promotions and a futuristic lunar-themed Keynote 2 have propelled its market presence, pushing presale achievements beyond $53.2 million.

In contrast to the volatility seen in cryptocurrencies like Dogecoin and the downturns faced by Pepe Coin, BlockDAG’s consistent outreach and technological advancements set it apart. Its strategic visibility efforts and presence on major platforms like CoinMarketCap position BlockDAG not just as a participant but as a leader in the crypto market's global arena.

BlockDAG Outshines as Top Crypto Gainer 

While the Maker (MKR) price navigates through significant fluctuations and Litecoin demonstrates resilience against market pressures, BlockDAG has emerged prominently among top crypto gainers. With its X1 Miner App propelling presales beyond $53.2 million, BlockDAG presents a compelling investment opportunity, especially during its presale phase. This showcases its potential to outperform in the competitive crypto landscape, making it an ideal time for investment.

Invest in the BlockDAG Presale Now:

Presale: https://purchase.blockdag.network

Website: https://blockdag.network

Telegram: https://t.me/blockDAGnetwork

Discord: https://discord.gg/Q7BxghMVyu

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

The SEC's green light for Bitcoin and Ethereum ETFs has ignited a crypto boom, attracting new investors. While traditional avenues can be capital-intensive, 2024 presents a golden opportunity for retail and corporate investors to enter the game early. Cloud mining offers an accessible alternative path. Here's why it shines: forget expensive equipment and technical complexities. letting you start earning cryptocurrency with minimal investment. 

1. AST Mining

2. Awesome Miner

3. Bitdeer

4. Kryptex Miner

5. Crypto Universe

6. Ecos

7. Hashing24

8. Nicehash

1. AST Mining

AST Mining, established in 2016 in the USA, simplifies cryptocurrency mining, offering users a chance to mine Bitcoin, Ethereum, and Litecoin without costly equipment or technical know-how. With over 970,000 users globally, it operates in 150 countries, providing a reliable platform for passive income. AST Mining's services include cloud mining, boasting a user-friendly interface and low maintenance fees. 

Features of AST Mining

Sign up and get a $30 bonus instantly.

High profitability levels and daily payouts.

There are no other services or administrative fees.

Users can generate more than 6 other currencies using the platform, including Bitcoin and Litecoin.

The company’s affiliate programme allows you to refer friends and earn up to $5,000 or 3% in referral bonuses.

Offers McAfee® security protection and Cloudflare® Security Protection.

It is backed by a 100% uptime guarantee and excellent 24/7 technical support.

Just a $200 minimum withdrawal amount will be processed within 30 minutes.

Contracts

Contract price

Contract terms

Fixed return

Daily rate

$30

1 Days

$30+$0.9

3%

$200

1 Days

$200+$5

2.5%

$500

2 Days

$500+$17

1.7%

$1100

3 Days

$1100+$61.05

1.85%

$3000

5 Days

$3000+$292.5

1.95%

The company’s affiliate programme allows you to refer friends and earn up to $5,000 or 3% referral bonuses. It means that you will get a reward whenever someone joins AST Mining from the private link dedicated to you. You can promote that link on social media, forums, communities, blogs and any suitable medium.

For additional information on AST Mining, please visit their website at: https://astmining.com

2. Awesome Miner

Awesome Miner, developed by IntelliBreeze Software AB, is a robust software for overseeing cryptocurrency mining activities. Founded in 2012 in Sweden, it has gained popularity for its powerful features and scalability. Initially launched in 2014, Awesome Miner received significant updates in version 6.0 in 2018, introducing support for up to 200,000 ASIC miners and 25,000 GPU miners from a single interface, along with a new Mining History feature. 

The platform offers diverse features like Native Overclocking, Profit Switching, Benchmarking, Long-Term Statistics, and Customisable Monitoring and Recovery Rules. While Awesome Miner doesn't provide cloud mining directly, users can manage and monitor their mining operations efficiently. The return on investment (ROI) depends on factors like hardware type, mining pool, and cryptocurrency mined, with support for various cryptocurrencies, including Bitcoin and Ethereum.

3. Bitdeer

Bitdeer, established in 2016 and headquartered in Singapore, is a prominent global cloud hash rate sharing platform, renowned for its cutting-edge mining rigs, competitive fee structure, and direct payouts from mining pools. Originally founded as Minerplus, it evolved into Bitdeer Technologies Group in 2020, gaining widespread acclaim for its efficient mining services and growing user base worldwide.

The platform offers a suite of services tailored to cryptocurrency miners. Cloud Hashrate stands out as a key feature, allowing users to mine with ease by selecting contract lengths ranging from 1 month to 3 years, with discounted prices below market rates. Bitdeer's ownership of ASIC rigs ensures flexibility, with rigs reassigned for self-mining after contract completion. Additionally, the company is actively engaged in AI development, focusing on infrastructure, platforms, software, and application services.

4. Kryptex Miner

Kryptex Miner, established in 2014, is a cloud mining platform that enables users to earn cryptocurrency by harnessing the computing power of their PCs. It operates as a Windows application, leveraging the collective processing power of thousands of computers for intricate distributed cryptocurrency computations. Engineered to be user-friendly and accessible, Kryptex Miner caters to both novices and seasoned miners alike. The platform has undergone iterative updates since its inception, including the significant release of version 4.6.2 in 2020, which introduced enhancements like expanded support for mining algorithms and refined profitability estimates. It offers a convenient user interface and functionality suitable for users at all experience levels. Withdrawals are processed daily, with a minimum withdrawal threshold of just $0.5. 

5. Crypto Universe

Crypto Universe, a cloud mining platform based in the US, offers users the opportunity to mine various cryptocurrencies without the need for expensive hardware or technical expertise. Operational for approximately 1-2 years, Crypto Universe has established itself as a reliable and secure platform for earning passive income through cloud mining. With Crypto Universe, users can mine cryptocurrencies like Bitcoin, Ethereum, and more, through different plans featuring low investments and transparent fee structures. The minimum investment of $150 allows users to start mining immediately upon purchasing a contract. Withdrawals are processed daily, with users able to withdraw earnings once they reach a minimum value of 200 USDT.

6. Ecos

Ecos, established in 2018, is a cloud mining platform allowing users to mine cryptocurrencies without specialised equipment or technical expertise. Operating in the Free Economic Zone of Armenia (FEZ), Ecos benefits from tax advantages, offering competitive pricing and reliable service. Partnering with the Hrazdan Thermal Power Plant ensures a stable electricity supply to its data centre. Collaborating with Bitmain equips Ecos with modern Antminer S19 PRO devices for efficient mining.

Users can mine Bitcoin and other cryptocurrencies through cloud mining contracts with Ecos, featuring a user-friendly interface and various mining plans. The platform requires a minimum investment of $149, with a $99 trial contract available for new users. Daily withdrawals are possible once earnings reach a minimum value of 200 USDT.

7. Hashing24

Hashing24, founded in 2012 and formerly known as H24, stands out as a reputable cloud mining service provider in the cryptocurrency sector. Initially focusing on mining hardware and software solutions, it later expanded into cloud mining services. Partnering with Bitfury in 2014, a prominent Bitcoin mining corporation, greatly enhanced Hashing24's reputation and market influence. The platform boasts a user-friendly website available in multiple languages and offers a free Demo mining option for 28 days. Hashing24 presents four contract duration options ranging from 12 to 36 months, with a minimum hash power of 0.1 TH/s. Users can calculate potential earnings using the Bitcoin Mining Profitability calculator. Payment options include USD, EUR, and BTC, with minimum deposit and withdrawal amounts specified. 

8. Nicehash

NiceHash, established in 2014 and headquartered in Slovenia, offers a cloud mining platform enabling users to rent out their mining hardware or utilise mining services for various cryptocurrencies. The platform provides a user-friendly interface and a marketplace for buying and selling hashing power, catering to both GPU and ASIC miners. NiceHash Miner, specifically developed for ASIC miners, includes profit-switching capabilities to maximise earnings. With no minimum investment requirement, users can start mining upon account setup. Withdrawals are processed daily or weekly, depending on user preference, with a minimum balance of 0.00001000 BTC needed for payouts. 

 

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.

Bridges facilitate communication and interoperability between two technologically diverse and economically sovereign chains. They are considered a cornerstone of blockchain technology. 

Bridges make the Polkadot ecosystem compatible with external blockchains such as Bitcoin, Ethereum, and others. 

What Are Bridges?

There are several types of bridge designs. These range from centralized and trusted bridges to highly decentralized and trustless bridges. In the case of Polkadot, decentralized and trustless bridge designs are favored as they allow greater decentralization. However, teams are free to deploy centralized bridges as well. While bridge designs are sufficiently planned out and efficient, they have been used sparingly when it comes to production. 

When it comes to building a decentralized and trustless bridge, developers can use one of the following methods: bridge pallets, smart contracts, and higher-order protocols.

Bridge pallets - Bridge pallets can be used to create bridges in Substrate-native bridges. An example is the Polkadot-Kusama bridge, since both network parachains use Substrate.

Smart contracts - If the native chain is not based on Substrate, developers can use smart contracts to create bridges. For example, the Ethereum mainnet has smart contract bridges to initiate ETH transactions based on incoming XCMP messages. 

Higher-order protocols - Chains like Bitcoin do not support smart contracts. In such a scenario, developers can use protocols like XClaim to create bridges. 

Types Of Blockchain Bridges

There are several types of bridges in the blockchain ecosystem. Some bridges are unidirectional, allowing developers to port assets only to the target blockchain and not from the target blockchain. Meanwhile, bridges like Multichain and Wormhole are unidirectional, allowing developers to freely convert or move their assets between chains. Bridges can either be custodial (centralized and trusted) or non-custodial (decentralized and trustless).

According to data from DeFiLlama, as of June 2024, there is around $23.5 billion worth of crypto locked in bridges. 

The Polkadot-Kusama Bridge

The Polkadot-Kusama bridge is a pioneering example of trustless interoperability. It addresses the challenge of interoperability and facilitates efficient asset transfer between networks. Bridge operations are facilitated by the Bridge Hub, which is explicitly designed for this purpose. The Bridge Hub is the central hub for bridge activities, making it a crucial part of the interconnected blockchain network envisioned by Polkadot. The Bridge Hub handles vital functions such as Message Handling, hosting bridge pallets, governance, and ownership, and providing greater flexibility for developers. 

The Polkadot-Kusama bridge is a crucial step in blockchain technology and offers a demonstration of the capabilities of trustless, decentralized, and permissionless interoperability in action. It sets a precedent for future blockchain developments and highlights the potential for creating more complex and integrated blockchain applications.

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.

Blockchain advisory startup Hermetic Labs said today it’s ready to provide urgent and much-needed assistance to organizations looking to participate in the rise of Web3. It has just launched its blockchain consultancy service, with the aim of helping companies and individuals navigate the headache-inducing complexities that characterize the crypto industry. 

Hermetic Labs is led by Milana Valmont, who previously founded Kira Core, a hypermodular DeFi ecosystem startup that’s building a unified infrastructure stack for decentralized financial applications such as “staking-as-a-service”. She began her career in the traditional finance investing industry before moving into the blockchain industry, and has also pioneered what she calls a “self-hacking coaching method” that can help investors and traders to overcome their emotions and build wealth more efficiently. 

The launch of Hermetic Labs comes at the right time, as a growing number of organizations are striving to integrate blockchain technology into their products and services, so as not to miss out on the emerging Web3 trend. But due to a lack of experience and expertise, many companies struggle to know where to begin, hence the urgent need for a helping hand. 

That’s what Hermetic Labs intends to provide. It offers a comprehensive range of Web3-related consultancy services, with its central aim being to provide its clients with the knowledge and toolset needed to get started, and ultimately succeed with blockchain. It’s targeting a diverse clientele that includes individual investors who want to enhance their investment strategies, as well as businesses exploring blockchain’s potential to improve its business operations. 

Valmont said she’s committed to bridging the gap between individuals and cutting-edge blockchain technology. “Understanding that education is key to unlocking the transformative power of blockchain and increasing adoption, our services are designed to provide clients with the knowledge and tools they need to navigate and succeed in this rapidly evolving landscape,” she said. 

One primary area of focus for Hermetic Labs will be to assist trust funds and other institutions that are looking to diversify their investments into digital assets. At the same time as advising their crypto investing strategies, it will also provide clients with insights into blockchain and DeFi fundamentals. By educating its clients in this way, Hermetic Labs will give them the confidence to navigate the DeFi space and take advantage of the numerous opportunities it provides to savvy investors. 

Clients can take advantage of Hermetic Labs’ customized and flexible support programs, which range from one month to six months. In addition, the company is also offering “targeted consultations” for individuals and businesses that simply want to acquire strategic insights around blockchain integration and decentralized applications. Finally, it also provides structured learning resources for individuals that want to gain a deeper understanding of blockchain. 

With a proven track record that spans multiple executive roles and numerous successful blockchain projects, Valmont believes she has what it takes to establish Hermetic Labs as a leader in blockchain advisory and ultimately have a transformative impact on its client’s business growth. 

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

Bitcoin (BTC) has registered a considerable decline over the past couple of weeks, dropping from $71,119 to its current price level of $62,356. Over the past week, the asset has fallen by nearly 6%.

According to analysts, the cryptocurrency is gradually dropping toward its support level. They urged traders not to fall prey to factors such as boredom or mini pumps and dumps. 

Bitcoin (BTC) Price Analysis

Bitcoin has been on a downward trajectory since June 6, after its price reached $70,979. Since then, bearish sentiment has increased significantly, with the price dipping below $70,000 the next day. Here, BTC found support thanks to the 20-day SMA, but sellers took control once again, dropping the price below the 20-day SMA to $67,376 on the 11th. The price managed to stage a recovery the following day but was back in the red on the 13th, dropping to $66,109. BTC saw some sideways consolidation at this point. However, by the 17th, BTC was back in the red and dropped below the 50-day SMA on the 18th.

Source: TradingView

The price attempted a recovery on the 20th, as seen from the price chart, but failed to move past the 50-day SMA. Bitcoin’s recent decline has considerably impacted the market, with its dip below the 62,500 mark liquidating thousands of traders. Several reasons behind the recent decline, such as the drop in whale transactions. Outflows from spot Bitcoin ETFs have also impacted the market. Looking at current trends, Bitcoin could drop to $60,000 as it drops toward its support level. Any further drop from here could see BTC drop as low as $57,500.

Ethereum (ETH) Price Analysis

Like Bitcoin, Ethereum (ETH) has also been on a downward trajectory, having shed nearly 5% over the past week. ETH had recovered to $3,622 after dropping below $3,500 a day prior. However, it could not move past the 20-day SMA, falling by over 3% on the 17th to $3,510. Bearish sentiment intensified the following day, with ETH dropping as low as $3,359 before recovering and settling at $3,483.

Source: TradingView

ETH made yet another recovery on the 19th, rising to $3,560, and attempted to move past the 20-day SMA on the 20th. However, it could not do so as sellers pushed the price down to $3,513. The past few days have seen selling pressure intensify, with ETH dropping below the 50-day SMA to its current level of $3,373. If selling pressure continues to intensify, ETH could drop to $3,000. To stop this from happening, buyers must reclaim the $3,500 level and push ETH above the 50-day SMA.

Solana (SOL) Price Analysis

Solana (SOL) has faced considerable selling pressure since it hit $150 on the 16th. Monday (17th) and Tuesday (18th) saw SOL by 5.23% and 4.10%, respectively, settling at $137. Sellers continued to dominate the market on the 19th and 20th, with SOL dropping to $133.59, a level where it had considerable support. However, sellers managed to breach this level of support on Sunday, with SOL dropping by nearly 4%, slipping below the crucial $130 mark to $128.63. The current session sees sellers firmly in control, with the price at $123.64.

Source: TradingView

With the bearish trend expected to continue, SOL could drop to the crucial support level of $100 or below.

Avalanche (AVAX) Price Analysis

The Avalanche (AVAX) price hit a six-month low due to sustained selling pressure, with the price dropping over 16% in the past week and 35% over the past month. Looking at the AVAX price chart, we can see the extent of its bearish trajectory. AVAX has been in a downward spiral since it climbed to $41.20. By June 2, AVAX had dipped below the 20, 50, and 200-day SMAs, with selling pressure intensifying and pushing the price close to a key level at $30. This level was breached on June 15, with AVAX dropping to $29.99.

Source: TradingView

Currently, AVAX is trading at $24.50, with analysts expecting a further correction of between 40% and 60%, which will see AVAX drop below $20. 

Dogecoin (DOGE) Price Analysis

Dogecoin (DOGE) has been consolidating above the crucial $0.12 level since dropping below the 200-day SMA on the 18th. Since then, DOGE has remained relatively stable, with the price registering minimal movement save for the 21st, when it saw considerable volatility. The consolidation came as a welcome relief after the cryptocurrency had faced a considerable decline since the beginning of the month when its price was above $0.16.

Source: TradingView

However, the current session has seen DOGE slip below $0.12. Analysts had predicted that if DOGE slips below $0.12, it could decline to $0.10 or even $0.08. Should DOGE recover, buyers will look to reclaim the $0.12 level and push DOGE above the 200-day SMA. DOGE’s current decline could be due to the fact that it was excluded from X payment filings.

TON Price Analysis

Toncoin (TON) has defied the larger cryptocurrency market and has been trading under a positive sentiment since the beginning of May. The bullish sentiment surrounding cryptocurrency is so strong that it set a new all-time high of $8.24 just nine days ago. As we can see from the price chart, TON has formed an ascending channel pattern, having registered an increase of nearly 16% over the past month.

Source: TradingView

After reaching its all-time high, TON registered a sharp decline, dropping below the 20-day SMA on the 18th, a decline of almost 7%. However, buyers prevented TON from dropping below the 50-day SMA, indicating significant buying at this level. As a result, TON made a strong recovery, pushing up to $7.33 by the 22nd. An increase of 2.51% on Sunday (23rd) saw TON go past the 20-day SMA to $7.51. However, with strong resistance at this level, TON is down by 3.10% during the current session, with sellers in control. TON has support at $7, so the price could drop to this level should bearish sentiment persist. If sellers can regain control at this level, TON could test the 20-day SMA and the resistance at $7.50.

Internet Computer (ICP) Price Analysis

Internet Computer (ICP) has been on a downward trajectory, having shed 36% over the past month. The price has also seen considerable volatility, and with ICP trading below the 20, 50, and 200-day SMAs, it indicates strong bearish sentiment and a market in which sellers dominate, potentially leading to a further decline in price. Looking at the price chart, we can see ICP faces its first level of resistance around the $9.50 mark, which is where the 20-day SMA is currently placed. It also faces resistance at $11 and $12.50.

Source: TradingView

ICP’s drop in price also presents a buying opportunity for investors if they enter the markets at the opportune moment. A strong support level near the $7 mark could safeguard against further decline and may present an opportunity for buyers to enter the market.

HBAR Price Analysis

The HBAR price chart indicates a bearish market for the cryptocurrency as sellers look to retain control of the current session. HBAR has dropped by almost 30% over the past month and has been on a downward trajectory since mid-May. HBAR hit a low of $0.077 on the 23rd and dropped as low as $0.072 during the current session. If HBAR continues to drop, we could see a decline to $0.070.

Source: TradingView

Render (RNDR) Price Analysis

Render (RNDR) had seen its price stall in the wake of the AI buzz waning. Since hitting $10.70 in the first week of June, RNDR has been on a downward trajectory that has seen sellers breach crucial support levels. A sharp decline on June 7 saw RNDR slip below the 20 and 50-day SMAs. Bearish sentiment has persisted through the month, with RNDR dropping from $9.57 to $7.02. The current session has seen buyers enter the market, with the price up by 1.47%. Should buyers continue to push the price higher, it could test the resistance at $7.50.

Source: TradingView

However, any return of the bearish sentiment could see RNDR drop below $7 and drop as low as $6.

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.

With Bitcoin haemorrhaging yet again on the news of the Mt Gox imminent distribution of $9 billion to creditors in July, the outlook for memecoins is anything but healthy. That said, after its recent big depreciation, $WIF looks like it is coming to the end of its sell-off.

Memecoin niche taking a pounding

The cryptocurrency market is going through times of huge tumult. Bitcoin is in the middle of its bull market and currently it is looking rather precarious. If the bulls do not come out and reverse the current trend soon, there could be another stair stop down.

If Bitcoin remains in a downtrend, the altcoins are generally always going to be in that same downtrend, and in most cases more so. Going even further out on the risk curve, the memecoins have been taking a pounding. Dog Wif Hat (WIF) is certainly no exception. 

$WIF downward spiral

A strong favourite when times are good, $WIF has been crashing in the current bad times. From its local top of $4, achieved at the end of May, Wif has been in a downward spiral. The price is currently sitting at $1.61, which marks a 60% decrease since that top.

$WIF upside breakout is more likely

Source: TradingView

Looking at $WIF on the daily time frame it can be seen how that 60% decrease has taken place in a down channel. However, this is a bullish pattern, and it would be more likely than not that $WIF gets back to the top of the channel and breaks to the upside from there.

It might not be all plain sailing, given the band of resistance that starts at $1.95 and stretches to $2.51, but if $WIF can break out of the channel, this could coincide with breaking the first of those resistances. 

When confidence returns

Looking further out to the end of the Summer, Bitcoin could potentially overcome its current headwinds. A positive catalyst would not go amiss here. With Bitcoin once more heading strongly to the upside, the memecoins could be off the leash once more, and it would be a strong bet that $WIF would be among the frontrunners.

It’s all a matter of confidence. When this starts returning, the retail participants would likely start to flood back in, and given the previous history of this bull market, the memecoin space could once more head back to the top of the outperforming crypto niches.

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. 

After a period of hanging on to the $64,000 support, Bitcoin has not only dropped through this, but is currently below the $63,000 support. Will the 0.618 fibonacci level come to the rescue, or is there a further drop to come?

A big swing towards Fear

Source: https://alternative.me/crypto/fear-and-greed-index/

If there wasn’t a lot of fear in the market over the previous week, the Fear and Greed Index is certainly swinging in that direction now. After a long period where the Fear and Greed Index was in the mid 70s of extreme greed, this indicator is now showing a neutral score of 51, which is a 20 point swing from last week.

Serious concerns for price

With all the miners selling, the long term holders taking profits, and the hedge funds employing their “carry trade” to good effect over the last few weeks, the $BTC price has struggled to make any upside movements.

If the price were to get below $60,000 and hold below for any length of time, this would be of very serious concern. The price could even go down to around $48,000 and still stay in the bull market, but this would likely have a lengthening effect on the overall bull market, and may also stunt the eventual market top.

$BTC bullish wedge pattern

Source: TradingView

Nevertheless, now is certainly not the time to panic. On the short term time frame of the 4-hourly, the $BTC price is in a downward sloping wedge. This is a bullish pattern, and it would be more likely for the price to break out of this pattern to the upside. That said, if it broke downward this would be very bearish.

0.618 fibonacci is strong support

Source: TradingView

In the more macro time frame of the weekly, it can be seen that the $BTC price has settled nicely above the 0.618 fibonacci. Given that the stochastic RSI is now at the bottom on this time frame, it might be expected that a bounce occurs. If the price falls through to the 0.786 fibonacci the bounce becomes even more likely as this also lines up with previous strong support.

If in doubt, remind yourself that this is Bitcoin

If in doubt, it is always good to remind oneself that this is Bitcoin. It is in the midst of its bull market, and who wouldn’t want to buy this asset given the massive degree of uncertainty in fiat currencies? The likelihood is that the price will begin to go up from these levels, but perhaps expect plenty of choppiness over the summer until eventually revisiting all-time highs.

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. 

Blocktrade proudly announces that it has been acquired by a group of innovative Estonian fintech investors. The move marks a strategic shift for all parties involved and sets the foundations for future innovation and growth in the crypto market.

The acquisition of Blocktrade by its new Estonian leadership team will lead to a complete overhaul of the digital asset trading platform. Under this new leadership, Blocktrade will become an advanced user-friendly financial hub for both business-to-business (B2B) and business-to-consumer (B2C) markets.

A New Venture

The strategic shift and restructuring of Blocktrade’s purpose will deliver value and dedicated expertise to its shareholders, partners, and client — enabling an overall expansion of all its financial solutions. By creating a long-term solution for B2B and B2C markets, Blocktrade’s acquisition will create a versatile and adaptable platform for both businesses and consumers.

Christian Niedermüller, previously the CEO of Blocktrade, expressed enthusiasm about the strategic transition: 

"We developed Blocktrade from a pretty average platform into a top-notch market standard platform with lots of special features in the last 2.5 years which has led to significant user growth. Security, regulatory compliance, and the convenience of navigating the platform improved significantly. The ownership change now is another chance for Blocktrade, its investors, and customers to develop Blocktrade even further. Expertise and resources from the new leadership will undoubtedly enhance our platform, and I am confident this acquisition will lead to even greater innovation and an improved user experience for all our users."

Fred Kaasik, the new CEO of Blocktrade also express his shared enthusiasm for the acquisition and strategic pivot:

"We are excited to be part of the journey and take the lead on guiding Blocktrade through the next expansion phase. By leveraging our expertise in traditional finance, capital markets, and compliance, we will execute our vision to shape the company into a modern financial institution. We’ll be implementing a two-stage strategy with immediate effect. The first part will introduce more trading pairs, reduce fees, improve onboarding efficiency, and prepare for the upcoming MiCA regulations. Our second stage will focus on integrating existing and upcoming services with traditional finance, including crypto payments and investing products to deliver tangible user value. Crypto payment services and POS devices, along with the Blocktrade credit card, will be a big part of what the team will focus on in 2024."

Smooth Acquisition, Smooth Transition

Blocktrade’s existing customers should expect to receive ongoing access to current services during the transition, with the addition of new features over time. Both the new investors and Blocktrade are committed to ensuring that the transition period is both seamless and advantageous for all stakeholders.

During this transition period, Blocktrade and its new leadership express their deep gratitude to all employees, clients, and partners for their continued support during this time. The new Blocktrade team composition is set to build a brighter future through the creation of the B2B and B2C-tailored modern financial hub.

Leadership and Innovation

Fred Kaasit delivers over 20 years of experience in both the financial sector and related consumer services to the new leadership team of Blocktrade. Kaasit leads an accomplished team and investor renowned for their success in both developing and traditional financial markets, crypto mining, and regulatory compliance.

Blocktrade is the bleeding-edge crypto trade facilitation platform, enabling the smooth trading of an array of cryptocurrencies for users. The trading platform offers a large range of assets, multiple payment options, saving plans, a user-friendly interface, an unparalleled customer support. 

Founded in 2018, Blocktrade become a key figure in the digital asset industry, committed to both regulatory and security compliance for all users. The esteemed platform is 100% transparent, adheres to European Union (EU) standards and has over 5,000 class-B shareholders. 

The leading digital asset trading platform is registered as a virtual asset service provider (VASP) with regulators in Estonia, Italy, Slovenia. It is also compliant with EU Anti-Money Laundering (AML) Directives, as well as with the Markets in Crypto-Assets (MiCA) regulations.

 

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 past week saw the overall crypto market drop, with the total cap dropping to some of its lowest levels. Bitcoin briefly dropped below $64,000, with altcoins following suit. Polkadot ($DOT) took a knock and currently trades below $6. 

It has been a volatile week in the crypto market. Between June 20 and June, the market cap dropped an uncomfortable 3.9% to $2.34 trillion, close to its lowest levels in five weeks. The market decline affected every coin among the top 10, with Bitcoin dropping about 4%. Prices saw minor recoveries, but market sentiment remains bearish.  

Popular altcoin Polkadot ($DOT) dropped by 10.07% over the past seven days, currently trading at $5.71. 

The Reason Behind the Market Drop is Unclear

Market analysts speculated that the market downturn was caused by the German government's significant Bitcoin sale on June 19. However, The fallout from the German government's sale was mitigated by a large Bitcoin purchase by MicroStrategy, discrediting it as an explanation.

The more likely explanation for the drop is traders’ reaction to the adverse macroeconomic outlook. Traders are reportedly concerned about the current US fiscal situation and believe the stock market may have already peaked. 

No Coin is Immune

While Bitcoin remains the general indicator of the state of the crypto market, altcoins are particularly volatile in instances of fiscal uncertainty. Despite significant positive developments in the ecosystem, Polkadot’s native coin $DOT, recently suffered a sizeable knock.

$DOT is down over 20% in the past month, dropping 10.89% over the past seven days. At the time of writing, $DOT exchanged hands at $5.68, down 1.10% in the past 24 hours.

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 cryptocurrency market is known for its volatility, and predicting which trends will take off can be quite challenging. As we progress further into 2024, the cryptocurrency landscape has continued to evolve at a rapid pace, with new trends emerging that could reshape the market and offer significant investment opportunities.

In this guide, we are cutting through the noise, sharing our findings, and informing you about the 5 crypto trends that could explode in 2024 based on current market conditions and developments. 

Top 5 New Crypto Trends in 2024

Here are the top 5 crypto trends in 2024:

Base Chain - A Decentralized Public Chain 

Solana Ecosystem - A Fast and Scalable Blockchain 

Gamblefi - Combines Blockchain with Online Gambling 

Play-To-Earn (P2E) - Gaming Models that Reward Players with Cryptocurrency

BRC20 - Fungible Tokens Created on the Bitcoin Blockchain 

Best Crypto Trends in 2024 Reviewed

We have done detailed research and curated a list of the top crypto trends in 2024. In each section, we have carefully analyzed each crypto trend and paired it with a certain trend-related coin that embodies its potential. Read the detailed review of each crypto trend below to find out what distinguishes it from other trends and why it is gaining popularity in the crypto market. 

Base Chain - A Decentralized Public Chain

First on our list of the best new crypto trends in 2024 is Base Chain. Base Chain is making its way as a scalable and efficient blockchain, which is designed to support a wide array of decentralized applications, making it one of the best crypto trends in 2024. Essentially, Base Chain is a blockchain network that runs on Ethereum Layer-2  and was developed by Coinbase. Its goal is to improve scalability, performance, and interoperability while lowering transaction costs and settlement time on the Ethereum network. Being a decentralized platform, Base Chain allows for a diverse set of dApps and smart contracts.

The Base Chain also provides a framework for developing and deploying decentralized applications and smart contracts. Its compatibility with Ethereum's toolsets, such as Solidity and Truffle, allows developers to easily construct and deploy decentralized apps and smart contracts. This adaptability supports a diverse range of use cases, including decentralized finance (DeFi), gaming, and non-fungible currencies.

Since the network's launch in August last year, the number of active addresses has increased. According to Basescan, the cumulative count of unique addresses has skyrocketed to 80 million. Base Chain has so far been highly favored due to its lower fees and faster transactions, and it is set to propel crypto into mainstream adoption. It also has Coinbase’s 98 million user base for user acquisition at its disposal. 

Furthermore, Base Chain has a large community, including a new round of meme currency entrants with a combined market cap of around $2.1 billion. It is also presently fighting with Solana for the title of premier chain for meme coins, and in reality, it is making progress in terms of Total Value Locked (TVL). According to DeFiLlama data, its current TVL is $1.64 billion, while Solana's is $4.25 billion.

One of the ways you can invest in Base Chain technology as an investor is by investing in Base Dawgz, as Base Dawgz is catching the wave of Base Chain explosive growth. Base Dawgz is in a great position to dominate the Base chain food chain, as proven by its rising L2 layer and a rapidly expanding meme coin environment.

Base Dawgz is a meme coin that was inspired by the spirit of base jumping as well as the cultural phenomenon of the Shiba Inu meme. It is a meme coin that is designed for those who crave adventure and innovation and brings with it a unique multi-chain experience. 

With Base Dawgz's smooth interoperability between several blockchains, you can travel limitlessly through the decentralized globe. It is built on the Base Chain Network and trades on ETH, SOL, BSC, and AVAX. Base Dawgz recently launched its presale for its DAWGZ token, and the presale has already raised over $1.7 million in less than two weeks, which indicates an increase in investors' demand. 

 

One DAWGZ token is currently trading for $0.00502 and can be purchased in exchange for ETH, USDT, USDC, BNB, AVAX, and SOL. Thanks to its multi-chain ecosystem Base Chain, $DAWGZ might be an appealing choice for investors interested in tokens with long-term potential.

Additionally, $DAWGZ provides share-to-earn functionality. This means token holders can earn additional tokens by sharing the project's social media content and introducing friends to the presale. In the near future, staking rewards will be introduced for the expanding $DAWGZ community.

Buy Base Dawgz

Solana Ecosystem - A Fast and Scalable Blockchain

The Solana ecosystem is the second crypto trend that could potentially explode in 2024. The Solana ecosystem is a fast and scalable blockchain platform that supports a wide range of decentralized applications (dApps). It is capable of processing over 1,000 transactions per block, making it one of the fastest blockchain platforms in the world.

Solana is an open architecture for developing scalable cryptocurrency applications. The architecture is quick, safe, and resistant to censorship, with a focus on worldwide adoption. To manage time on the blockchain, Solana uses a unique mechanism known as Proof of History, which is a major component of Solana's Proof of Stake consensus process, even though it is not a consensus mechanism per se.

PoH and Solana's other important breakthroughs have resulted in a highly scalable network with a maximum capacity of 50,000 transactions per second. The blockchain remains low-cost and speedy as it scales, with an average transaction fee of $0.00025, a block duration of less than one second, and sub-second finality. Solana also ensures composability between ecosystem projects by using a single global state, eliminating the need to integrate with different shards or Layer-2 solutions.

Moreover, the Solana ecosystem has experienced tremendous growth and development thanks to its high-performance blockchain network, active community, and strategic alliances. Challenges have been faced with fortitude, and solutions have been devised to ensure the ecosystem's long-term success. As Solana matures, it still remains a dynamic force in the blockchain world, providing a scalable and efficient platform for decentralized innovation.

One popular you can invest in the Solana ecosystem is through a new ICO such as Sealana. Sealana is a memecoin built on the Solana blockchain that utilizes its fast and scalable technology to provide a seamless user experience. Sealana (SEAL), a chubby seal mascot, has sparked a new surge of interest in the meme coin market. It has gained significant traction in the market and is considered one of the top coins in the Solana ecosystem.

Sealana's design and appeal rely significantly on a hilarious and culturally relevant premise. The coin depicts a chubby seal mascot, evoking the image of an American redneck akin to characters from the popular television series South Park. The coin's rising popularity is a result of this lighthearted attitude, which has found resonance with a wide audience.

Sealana recently launched the presale of its native token $SEAL, and this presale has raised over $5 million, which indicates a strong rise in investors demand. Sealana is moving towards its sell out, and the presale will end on June 25 at 6 PM UTC. 

One $SEAL is currently trading for $0.022 and can be purchased in exchange for ETH, USDT, SOL, and BNB. You can also purchase $SEAL directly through your bank card.

Buy Sealana

GambleFi - Combines Blockchain with Online Gambling

Ranking third on our list is GambleFi - one of the biggest trends in decentralized online gambling in 2024. Gamblefi merges the worlds of cryptocurrency and online gambling, offering new innovative ways to bet and win in the digital age. It refers to a cryptocurrency and blockchain trend that blends features of online gambling with decentralized finance (DeFi).

The goal of the GambleFi movement is to establish a financial ecosystem that will enable consumers to partake in online gambling while simultaneously enjoying the advantages of decentralized finance. Innovative features like utility NFTs that provide several benefits within the ecosystem and zero-loss betting systems, which allow users to place bets without the fear of losing their initial investment, are frequently included in GambleFi initiatives.

Although the GambleFi sector is still in its infancy, it is becoming increasingly well-known as a prominent trend in the blockchain and cryptocurrency worlds. Given the ongoing development of decentralized finance (DeFi) and the multibillion-dollar nature of online gambling, the convergence of these two industries in the form of GambleFi offers promising growth opportunities.

Investors can make their way through this ongoing trend by investing in Mega Dice - a cutting-edge online platform that caters to modern gamblers by offering a wide choice of top-tier casino games, sports betting opportunities, and more. Mega Dice is more than simply a gaming website; it is dedicated to creating a community where loyalty is recognized and rewarded. The integration of the $DICE token creates a one-of-a-kind environment in which participants can enjoy exclusive perks such as income sharing and enhanced awards.

At the time of writing, Mega Dice is the number one GameFi platform on SOL. It is not a new casino and is already a rapidly growing global crypto casino brand with over 50k players, 4000+ games from top providers, 50 + Sports and eSports, 50,000 + Players, 10,000 + Active monthly players, and $50M monthly wagering. Mega Dice recently launched the presale of its $DICE token. The presale has already raised over $1.5 million, indicating a rise in investors' interest. One $DICE currently trades for $0.075 and can be bought in exchange for SOL, ETH, and BNB.

The reason for excitement is that Mega Dice distinguishes itself by mixing the thrill of gaming with the benefits of Bitcoin innovation, resulting in a gratifying experience for all of its customers. It offers the flexibility to play using the leading cryptocurrencies, yet it is the exclusive $DICE token that unlocks remarkable benefits, including staking rewards and additional perks simply for possessing it. While not required to play any of the casino's games, $DICE serves as an extra currency choice that offers some distinct benefits when it comes to wagering.

For holders of $DICE that have their tokens staked, Mega Dice has introduced the first of its kind daily rewards which are based on the performance of Mega Dice Casino. This simply means that everyone can share in the success of one of the world's fastest-growing online crypto casinos, making now a perfect time to enjoy the benefits that come with holding $DICE.

Additionally, Mega Dice players will receive limited edition NFTs that will provide them with special benefits and incentives, and they will also be able to trade them on the market if they choose. The DICE token is seamlessly integrated into Mega Dice casino, offering exclusive access, rewards, and benefits. Participants who invested early enough in the presale will receive a bonus of $DICE tokens, which will increase their initial investment value.

The $DICE token has a total supply of 420,000,000 and allows users to access exclusive materials, participate in community governance, and receive special rewards and privileges. 35% of the token is allocated to the presale, and 15% is allocated for an airdrop for players. An additional 15% is set aside for LP, 15% accounts for the Casino $DICE pool, 10% for staking rewards, a further 5% is allocated to marketing/KOL deals, and 5% is set aside for affiliates. 

Buy Mega Dice Token

Play-To-Earn (P2E) - Gaming Models that Reward Players with Cryptocurrency

Coming fourth on our list of the 5 new crypto trends that could explode in 2024 is Play to Earn. Play to Earn, or P2E is a gaming trend that encourages users to earn money by playing games. The trend can be seen in the rise of games that offer in-game microtransactions as a way to make money in the form of NFT or crypto. These games frequently allow users to win rewards for playing the game regularly.

The Play to Earn model has quickly become one of the most popular crypto trends of 2024. The P2E concept has steadily grown in popularity, with interest in Play To Earn increasing by 44% over the last year compared to the previous year, resulting in a current number of 24K searches each month as of last month.

Notably, the Play-To-Earn model transforms the gaming industry by allowing players to earn real money or crypto tokens through gameplay. It is commonly employed when creating blockchain-based games. Its name is pretty self-explanatory: you play the game to win cryptocurrency coins or tokens.

Play to Earn games typically reward players for completing tasks, winning fights (in some situations), and taking care of their characters as much as possible. Everything depends on the game. While one P2E game may allow you to fight creatures and defend your world against your own, another, such as Play Doge, may provide you with a lovely character to care for by feeding it, ensuring it sleeps well, exercises, has a lot of fun, and is always happy and healthy.

Since the beginning of the year, the P2E sector has grown remarkably, and we now have a wide range of games to pick from. Each has its own set of advantages and storylines, and the action is usually rather engaging. What matters most is what you're looking for, and most likely, you'll find the perfect Play to Earn game for you.

These incentives take the form of in-game assets such as cryptocurrency tokens, virtual land, skins, weaponry, and other NFTs. Because the game is decentralized, players can buy, transfer, and sell in-game assets outside of the virtual world for real money.

Play-to-earn games also allow users to gain incentives without having to spend money, at least during the registration process when connecting wallets. This means that even individuals who are unemployed or looking for side jobs can earn a fair living and provide for their families while relaxing at home and playing video games. In this concept, others can easily follow suit and join the game's ecology.

You can join this trend and involve yourself in the Play to Earn sector by investing in PlayDoge. PlayDoge is the ultimate P2E Doge companion game. It is also the ideal mobile play-to-earn (P2E) game, transforming the popular Doge meme into a Tamagotchi-style virtual pet. You can secure your $PLAY tokens in the ongoing presale to earn crypto while playing nostalgic 2D retro game adventures.

Practically, PlayDoge is a mobile game that blends the popular Tamagotchi virtual pet experience with the innovative digital economics of cryptocurrencies. Investors can nurture their PlayDoge by feeding, entertaining, training, and ensuring they get enough sleep. And with PlayDoge, you can dive into classic 8-bit side-scrolling adventures, relive the '90s nostalgia, and also earn crypto along the way.

PlayDoge brings the virtual pet craze into the 21st century with high-definition pixel graphics, intuitive touchscreen controls, interactive pet care, and blockchain security. Owners must provide the essentials to keep their PlayDoges alive and complete game levels to form a strong bond with their companion while earning $PLAY tokens.

Play Doge recently launched the presale of its PLAY tokens. The presale has raised over $4.6 million, indicating a huge rise in investors' interest. One $PLAY is currently trading for $0.00509 and can be bought in exchange for ETH, USDT, BNB, and directly through your debit or credit bank card. 

$PLAY, the native token of PlayDoge, has some very interesting features that make PlayDoge one of the best meme coins to invest in in the play-to-earn sector. $PLAY is the primary in-game currency for transactions and unlocking special features. $PLAY is acquired by interacting with pets and achieving success in the P2E game and also, $PLAY is valuable as a rewards token within the P2E game design and as a marketable asset in the cryptocurrency market.

Overall, PLAY tokens establish a financial incentive system that is closely related to a player's ability to care for their virtual pet, instilling real-world consequences in the Tamagotchi experience. As an investor, you will earn more $PLAY tokens by maintaining the health of your PlayDoge and mastering mini-games. However, failure to adequately care for your PlayDoge may result in it fleeing or perishing, so it is best to stay attentive and nurture your pet to maximize your $PLAY rewards.

Additionally, $PLAY token holders who interact with the PlayDoge app will have access to the Leaderboard. Players earn XP by attending to their Doge's requirements and completing mini-game levels. The top XP earners on the leaderboard will receive additional $PLAY tokens and exclusive goodies. These incentives are only available to $PLAY token holders.

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BRC-20 - Fungible Tokens Created on the Bitcoin Blockchain

BRC20 is a token standard for the Binance Smart Chain (BSC) network that enables the creation of tokens with advanced features and functionality. BRC20 has gained significant traction in the market, with many developers opting for BRC20 over other token standards.

The BRC-20 tokens are an experimental standard within the Bitcoin network that seeks to broaden its capabilities beyond simple peer-to-peer transactions. Also, BRC-20 tokens seek to transform the Bitcoin ecosystem by democratizing finance, encouraging innovation, and accelerating growth.

These types of tokens are an innovative solution to Bitcoin's inherent programmability limits, utilizing ordinal inscriptions to create semi-fungible assets on the Bitcoin network. To date, BRC-20 tokens have taken advantage of the Bitcoin network's existing infrastructure and security. Token creation has been simplified compared to other standards that need complicated smart contracts. The powerful structure of the Bitcoin blockchain has resulted in increased security mechanisms for BRC-20 tokens.

Despite only starting as an "experiment," BRC-20 tokens have become extremely popular. This technology has been utilized to create over 14,000 tokens, which have a collective market capitalization of $600 million and are still in circulation as of the time of writing. The excellent reception it has received from cryptocurrency enthusiasts is partly due to the status and popularity of the Bitcoin network that runs it.

One notable platform for BRC-20 tokens is 99Bitcoins. This platform allows users to create and trade BRC-20 tokens, leveraging the security and stability of the Bitcoin blockchain. 99Bitcoins is set to become a major player in this emerging trend.

99Bitcoins, which is known as the future of Learn-to-Earn, has just recently launched an ongoing presale for its Learn-to-Earn token, the 99BTC token. 99Bitcoins was developed to reward people for learning about cryptocurrencies. The classic 99Bitcoins platform is collaborating with BRC-20 to establish the L2E model on the Bitcoin network.

Since 2013, 99Bitcoins has been the most comprehensive online learning resource in crypto. It is now pioneering the next evolution of rewards with Learn-to-Earn. The platform has a community with over 709k followers, 2,845,886 email subscribers, and crypto courses of over 79 hours.

The BRC-20 standard enables the minting and transferring of fungible tokens on Bitcoin, and 99Bitcoins aims to leverage BRC-20 to create a synchronous Learn-to-Earn platform that rewards users for learning about crypto. With 99Bitcoins, users can unlock additional learning modules, quizzes, and tutorials that will help make their learning experience engaging and enjoyable.

As a 99BTC holder, you will also be able to maximize your trading with expert crypto trading signals that will give you an edge in fast-moving markets. You also have the opportunity to join VIP community groups and mentoring, where you can learn from like-minded individuals, share insights, and develop your crypto knowledge.

99BTC has a total token supply of 99,000,000,000, and this novel utility token allows all 99Bitcoin users to earn crypto while learning about crypto. Also, as a token holder, you can earn rewards by staking tokens if you don’t have time to learn. So, if you are already a seasoned investor who doesn’t care about learning, you can simply stake your $99BTC tokens in 99Bitcoins, secure smart contracts, and earn passive rewards.

It is important to note that you will receive $99BTC directly into your wallet as you complete the full curriculum and engage with the 99Bitcoins community. These token rewards you have earned so far can be used to view premium content, access discounts on partner products and services, and trade on-chain.

The presale has raised over $2.2 million, indicating a strong investor interest rise. One $99BTC is currently trading for $0.0011 and can be bought in exchange for ETH, BNB, and USDT. You can also purchase it directly through your credit or debit bank card.

Buy 99Bitcoins

Other Top Crypto Trends to Watch in 2024

There are several other crypto trends to watch in 2024. Below, we have outlined only a few of them:

Crypto ETF approvals - The SEC has recently approved a variety of crypto-related ETFs that can be purchased by retail investors without the need to open a crypto account.  

AI applications in the crypto market - AI is making a huge progress in the crypto sphere, with many AI applications integrating with the blockchain network. 

Increase in crypto regulation - Since the beginning of the year, many regulators around the world have made some crucial decisions to regulate cryptocurrencies. 

NFT rentals - A huge crypto trend that enables users to rent in-game products, characters, and certain features. 

Decentralized finance (DeFi) - The DeFi market continues to grow in 2024, with new DeFi applications and technology improvements. 

Funding, mergers, and acquisitions in the crypto market - With crypto funding and M&A on the rise, the crypto market becomes a unique landscape. 

Cross-border of CBDC networks - Central bank digital currency (CBDC), which is a form of digital currency issued by central banks, can be a huge game changer in the future of cryptocurrencies. 

Increase in Layer 2 Smart Contracts - Layer 2 solutions are a new revolutionary technology that can improve scalability, reduce costs, and offer faster transaction time. 

Sustainable and green cryptocurrencies - Due to the negative environmental effects of the mining process for Bitcoin and other cryptos, new green and sustainable cryptocurrencies are developed to solve this problem. 

Final Word 

In summary, staying informed about the latest trends is crucial for making informed investment decisions as the crypto market evolves. The crypto market is dynamic, and every trend can be the next thing to explode. 

The trends highlighted here represent significant opportunities in 2024, offering potential for both innovation and profit. Revolutionary technology platforms like Base Dawgz, Sealana, or 99Bitcoins can be a great opportunity to invest in 2024 and beyond. 

Buy Base Dawgz

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.

Crypto staking has become a popular way of making passive income online. Among the many cryptocurrencies, Solana (SOL) is unique as it has a very high market potential and an impressive growth trajectory. In this blog post, we will explore the market potential of Solana, give some basics about cryptocurrency staking and provide a complete guide on how to stake Solana using CryptoHeap. Additionally, we will introduce different types of staking products provided by CryptoHeap and discuss why it is considered the best crypto staking platform.

Market Potential of Solana and Staking Rewards

Can Solana Reach $1000?

Solana has quickly gained popularity in the cryptocurrency market. It is known for its fast transactions and low fees thus getting the attention of many investors. In May 2024, Solana secured 60% new DeX trading volume showing its increasing influence over the decentralized exchange market. Analysts have positive outlooks on Solana’s future with some even predicting that it can reach $1000 because of its innovative technology and growing ecosystem.

Basics of Cryptocurrency Staking

Cryptocurrency staking involves participating in transaction validation on a proof-of-stake (PoS) blockchain by locking up a certain amount(s) of cryptocurrency. This not only secures the network but also rewards stakers with additional cryptocurrency coins/tokens. Stacking is a great way to earn passive income and make money online since you keep earning regular staking rewards which can be reinvested or withdrawn as required.

Staking Solana on CryptoHeap

Introduction to CryptoHeap Platform

CryptoHeap is known as the best crypto staking platform that offers users seamless and rewarding experience throughout their stake duration(s). Some key features and benefits offered by CryptoHeap include:

Sign-Up Bonus: Upon signing up new users receive $100 as a bonus.

Referral Program: By referring friends to join CryptoHeap, you will earn 3.5% of their deposited amount as your referral bonus.

User-Friendly Interface: Intuitively designed for both novice investors and experienced ones alike, it provides an easy-to-use platform that supports staking multiple cryptocurrencies at once.

High Security: With state-of-the-art security measures in place, CryptoHeap ensures maximum protection for users’ assets while they are being staked on its platform.

These features make CryptoHeap an excellent choice for anyone looking to make most out of their crypto earnings through stacking.

The Crypto Staking Process of Solana 

Registration and Account Setup:

Go to the Best Crypto Staking Platform CryptoHeap  and sign up for an account.

Step-by-Step Guide to Staking Solana:

Go to the staking section on the platform.and choose Solana.If you are interested in other staking products, feel free to browse

Choose Solana from the available list of stacking options provided.

Enter the desired amount of Solana tokens you’d like to stake then confirm transaction(s).

Keep an eye on your rewards by monitoring them through staking dashboard(s).

Calculation and Collection of Staking Rewards:

Based on amount stacked and duration, CryptoHeap calculates staking returns transparently. 

Regularly paid out which can be reinvested or withdrawn making an effective way of making money online.

Introduction to CryptoHeap Staking Products

What are CryptoHeap Staking Products?

CryptoHeap has many different staking options for all types of investments. Here is an overview of some exclusive staking crypto packages:

Arbitrum: Stake $100 for 1 day and earn $2 in daily and total rewards.

Toncoin: Stake $200 for 1 day and earn $4 in daily and total rewards.

Sui: Stake $600 for 6 days and earn $6 daily, $36 in total rewards, and $6 in referral rewards.

Polygon: Stake $1,500 for 8 days and earn $16.50 daily, $132 in total rewards, and $18 in referral rewards.

Cardano: Stake $5,000 for 12 days and earn $60 daily, $720 in total rewards, and $70 in referral rewards.

Ethereum: Stake $8,000 for 16 days and earn $104 daily, $1,664 in total rewards, and $128 in referral rewards.

Tron: Stake $10,000 for 20 days and earn $130 daily, $2,600 in total rewards, and $170 in referral rewards.

Solana: Stake $15,000 for 25 days and earn $210 daily, $5,250 in total rewards, and $300 in referral rewards.

Bitcoin: Stake $30,000 for 30 days and earn $480 daily, $14,400 in total rewards, and $690 in referral rewards.

Chainlink: Stake $50,000 for 40 days and earn $950 daily, $38,000 in total rewards, and $1,650 in referral rewards.

Cosmos: Stake $100,000 for 50 days and earn $2,100 daily, $105,000 in total rewards, and $3,800 in referral rewards.

Uniswap: Stake $150,000 for 55 days and earn $3,750 daily, $206,250 in total rewards, and $6,750 in referral rewards.

With such variety available there should be no problem finding something suitable for everyone looking forward to earning some serious money through these methods while also having a few sleepless nights along the way due to all the confusion caused by the unusual language employed here sir/madam!

Conclusion

CryptoHeap has become the leading cryptocurrency staking site with its unbeatable rewards and safety measures. Whether you are new to staking or an experienced user, CryptoHeap provides a user-friendly interface along with comprehensive options for all your Solana and other cryptocurrency needs. By utilizing what CryptoHeap offers, individuals can earn money online while maximizing their investments into various digital currencies. Begin staking on CryptoHeap today so that passive income becomes a reality when least expected!

For more information about CryptoHeap and to start staking, visit www.cryptoheap.com or contact support

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.

 

Blockchain is now part of our daily lives, providing secure and decentralized solutions for finance, supply chain management, and more.

At the heart of blockchain are consensus mechanisms, which keep the networks reliable and secure. These mechanisms, like Proof of Work (PoW) and Proof of Stake (PoS), validate transactions and the integrity of the network.

A new concept, Useful Proof of Work (uPoW), takes it one step further. It uses the network's computational power for productive tasks, like training Artificial Neural Networks (ANNs). So, in the Qubic ecosystem, the energy spent on security also produces something practical and valuable.

What is uPoW?

Useful Proof of Work (uPoW) is a new way for blockchain networks to do more with the energy they use. Instead of solving random puzzles like traditional Proof of Work (PoW), uPoW uses the energy to train Artificial Neural Networks (ANNs). So the computational effort helps to advance machine learning while keeping the network secure and decentralized.

While PoW is often criticized for wasting energy, uPoW turns that energy into something useful. It secures the network and solves real-world problems. Other methods, like Proof of Stake (PoS), use economic incentives to validate transactions but can face issues with centralization and security.

uPoW differs by using the energy the miners use for something valuable, namely to improve AI models. This dual purpose of securing the blockchain and advancing AI is a big step forward for blockchain technology.

How uPoW Works

Useful Proof of Work (uPoW) uses the computational power of the blockchain network for something productive by combining traditional mining with valuable tasks like training AI models. Instead of solving random puzzles, the miners (called "computers") work on complex AI training tasks, using the network's resources for something useful.

In uPoW, the protocol assigns specific AI training tasks to the computers. These tasks involve processing large datasets and require a lot of computational power. Miners with the right hardware and algorithms compete to complete these tasks, and their performance is measured by how accurately and quickly they complete the training. This determines their ranking in the network.

The uPoW system keeps the network secure and decentralized by spreading the AI tasks across many computers. This prevents any single entity from taking control. All training tasks and results are stored on the blockchain, so everything is transparent and immutable. Everyone can verify the process, maintaining trust and security. uPoW uses the computational power for something useful, so it’s more secure and useful.

Qubic and uPoW

Qubic is a blockchain project that makes decentralized networks more useful and efficient with Useful Proof of Work (uPoW). We want to change the way we mine blockchains by adding meaningful tasks like training Artificial Neural Networks (ANNs). This secures the network and advances artificial intelligence.

Qubic integrates uPoW into its system by directing the network’s computational power towards AI training tasks. Instead of just validating transactions, Qubic’s miners (computers) train machine learning models on large datasets. Their performance is ranked based on the accuracy and speed of their AI training results. So the energy used in mining is used productively.

Qubic has made big progress with uPoW, proving it works to secure the network and train AI models. They have created a transparent system to record AI tasks on the blockchain so everything is verifiable and trustable. This transparency builds community trust and sets a high bar for accountability.

Qubic also got support from the blockchain and AI communities by hosting events and meetups to talk about uPoW and its use cases. These events bring people together and drive the development of uPoW.

One of the events is the Qubic X BAYC Banana & Burger Community Meetup, which will be held on June 28, 2024, from 5pm to 9pm at Bored & Hungry in Seoul, Korea. Admission is one banana per person. This meetup brings together NFT enthusiasts from various communities for all-you-can-eat burgers and fries, banana-themed activities and Qubic Goodie Bags. It’s a great opportunity to network and community building.

uPoW benefits for AI-based platforms

AI needs a lot of computational power because training advanced machine learning models, especially deep learning algorithms, involves processing large datasets and many complex calculations. Without enough computational resources, training becomes slow and inefficient and slows down AI progress.

The Useful Proof of Work (uPoW) system helps by using the energy from blockchain miners for AI training tasks. This makes the training faster and more cost-effective since it uses the existing blockchain network instead of expensive, dedicated supercomputers. AI platforms can then benefit from the blockchain’s decentralization and scalability to train and deploy models faster and more efficiently.

Decentralization is key to uPoW. By spreading AI training tasks across a wide network of miners, it prevents any single entity from controlling the process and avoids biases and manipulation. Blockchain’s on-chain transparency ensures that every training task and its outcome are recorded and verifiable by all, so trust and fairness are maintained.

uPoW vs. Other Consensus Methods

Useful Proof of Work (uPoW) improves blockchain by combining security and useful computation. Unlike traditional Proof of Work (PoW) which uses a lot of energy to solve complex puzzles with no productive output, uPoW directs that energy towards useful tasks like AI training. It’s more resource-efficient and valuable.

PoS and DPoS are more energy efficient than PoW but can lead to centralization, where wealthier participants have more control. uPoW prevents that by distributing the computational tasks across a wide network of miners so no single entity can have too much control. The AI training tasks in uPoW ensure the work is transparent and verifiable on the blockchain, which increases trust and integrity.

In Closing

uPoW is a game changer for blockchain and AI, using computational resources for useful tasks while keeping the network secure. Qubic is leading the way by implementing uPoW, making blockchain more productive and decentralized. They show how blockchain can support and fuel AI development, evolving the consensus mechanisms.

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.

 

This week's major news is that the SEC is bowing out of its investigation into Ethereum. The regulatory agency has, for now, dropped its attempts to categorize ETH as a security thanks to the pressure put on it by Ethereum developer Consensys.

Despite the SEC’s dropping of the investigation, Consensys has decided to proceed with the lawsuit against the regulatory agency. Let’s find out more. 

Bitcoin

UK-based Standard Chartered is officially establishing a spot Bitcoin and Spot Ethereum trading desk. The London-based desk will soon begin operations and be part of the bank’s FX trading unit. 

MicroStrategy has further solidified its position as the largest corporate holder of Bitcoin by acquiring 11,931 BTC for $786 million, bringing its total holdings to 226,331 BTC valued at nearly $15 billion.

The VanEck Bitcoin Exchange-Traded Fund (ETF) marked a significant milestone with its debut on the Australian Securities Exchange (ASX) on June 20.

Ethereum

In a major win for the crypto industry, the SEC is dropping its investigation into whether ETH is a security after Consensys sent the commission a letter requesting clarification on Ether’s category in the approval of spot Ethereum ETFs.

Leading Ethereum software company Consensys is pressing forward with its lawsuit against the SEC, seeking greater regulatory clarity for the cryptocurrency sector even after the SEC concluded its 14-month investigation into the Ethereum developer.

In 2017, Vitalik Buterin and Joseph Poon proposed Plasma as a novel solution to bring Visa-level transaction volumes (reportedly between 1,700 - 4,000 transactions per second) to the Ethereum network.

Security

On June 9, the cryptocurrency exchange Kraken revealed that it had suffered an exploit by a security researcher who robbed the platform of $3 million worth of assets. Blockchain security firm CertiK has identified itself as the security researcher after stating it had informed Kraken about an exploit that allowed it to remove millions from the exchange’s accounts. 

CBDC

After thoroughly analyzing seven potential platforms, Swiss digital asset specialist Nabatech has selected Polkadot’s Substrate blockchain to build its digital asset platform for central banks and financial institutions. 

Regulation

Tyler and Cameron Winklevoss have donated $1 million in Bitcoin each to support former President Donald Trump’s reelection campaign because of the Biden administration’s hawkish stance on crypto. 

David Hirsch, the head of the SEC’s Crypto Asset and Cyber Unit, has left the agency after stepping down from his role.

While speaking at Coinbase’s State of Crypto Summit 2024, billionaire and cryptocurrency advocate Mark Cuban said that Gary Gensler and his actions as the head of the SEC could wreck President Joe Biden’s bid for reelection. 

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.