Radiants recently launched the Bonkathon, a hackathon aimed at improving the Bonk (BONK) ecosystem, which initially sparked interest in the project. Meanwhile, Filecoin (FIL) is struggling to reach a $10 price point. Despite these efforts, the value of Bonk has dropped by 20%. Similarly, Dogecoin (DOGE) has also seen its value decrease.
In contrast, Angry Pepe Fork (APORK) has attracted considerable trader attention for its potential to outperform these competitors. Today, we will examine these three cryptocurrencies to determine which could be a top choice for diversification.
Bonk (BONK) Ecosystem Expansion and Price Outlook
The Bonk (BONK) ecosystem is currently expanding with Radiants, a Decentralized Autonomous Organization (DAO), hosting the Bonkathon hackathon on a global scale. Submissions for the hackathon concluded on June 10, signaling potential growth for the Bonk crypto. This initiative could lead to increased demand and potentially propel the crypto to new heights.
However, despite these efforts, the Bonk price has experienced a 20% decline over the past week, dampening bullish sentiment about its future. Nonetheless, if the hackathon results in significant projects entering or expanding its functionality, there is optimism that Bonk could achieve substantial growth.
According to Bonk price predictions, the crypto is projected to reach $0.000033 by the end of Q4 2024, highlighting potential optimism among investors and analysts regarding its future performance.
Dogecoin (DOGE) Price Movement and Outlook
Dogecoin (DOGE) faced a significant 10% decline over the course of a single week, shifting sentiment from initially bullish to neutral. Throughout the week, DOGE reached a peak price of $0.16 and is now attempting to surpass this level once again.
In order for Dogecoin to recover its value and advance further, it will need to attract renewed bullish attention from investors. Despite recent setbacks, there remains optimism in Dogecoin price predictions, with projections suggesting it could rise to $0.1744 by Q4 2024. This outlook indicates potential for recovery and growth in the coming months.
Filecoin (FIL) Ecosystem Expansion and Price Analysis
Filecoin (FIL) has recently seen increased activity with the introduction of FilOz, a dedicated team focusing on securing, upgrading, and expanding Filecoin through protocol improvements, network upgrades, and OSS development. This expansion of the ecosystem could potentially contribute to a long-term increase in the Filecoin price.
However, despite these advancements, short-term on-chart data suggests a different scenario. Filecoin recently reached a peak of $6.69 over the past week, with speculation that it could surpass $10. Subsequently, the price has declined to $5.83 following a decrease.
Currently, sentiment surrounding Filecoin is neutral. Despite recent fluctuations, Filecoin price predictions indicate a potential rise to $8.56 by the end of Q4 2024. This forecast suggests cautious optimism among investors regarding Filecoin’s future performance and market trajectory.
Angry Pepe Fork (APORK): Innovating Beyond Meme Coins
Angry Pepe Fork (APORK) distinguishes itself from typical meme coins by introducing a unique “Conquer to Earn” gamified staking system. This innovative approach incentivizes active user participation rather than passive holding. Users can strategically lock their APORK tokens for periods of 30, 60, or 90 days, contributing directly to network growth while aligning risk with potential rewards.
In addition to its novel staking system, APORK focuses on long-term value by capping its token supply at 1.9 billion, fostering scarcity and potential for appreciation. Built on the Solana blockchain, APORK offers users fast and cost-effective transactions, positioning itself as a practical alternative to speculative meme coins.
With an initial entry point of just $0.014, APORK presents an attractive opportunity for traders seeking high-growth potential cryptocurrencies. Analyst projections indicate the potential for a 100x increase post-major exchange listings, making APORK a compelling investment choice in the cryptocurrency market.
Angry Pepe Fork (APORK): Emerging as a Top Investment Choice
While Filecoin struggles to reach its $10 target and cryptocurrencies like Bonk and Dogecoin face declining trends, Angry Pepe Fork (APORK) is showing a strong uptrend that could lead to dominance in the charts.
Despite the downturn in other cryptos, APORK’s current momentum suggests significant potential for growth. With its low initial price point and promising market performance, APORK presents itself as a high-return-on-investment (ROI) option for traders looking to diversify their portfolios in the cryptocurrency market.
Investors are increasingly viewing APORK as the best cryptocurrency to invest in, given its upward trajectory and strategic positioning in the market.
⚠️Disclaimer
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#FIL #Filecoin

Hello!👋



Do you know that many centralized web service providers do monetize your activity, data and patterns without your consent🤔

Here is a small example of that.

Do you remember that when you use something like eBay, that website will prefer you with similar products or services and so on? That’s because they use special algorithms to study your activity😮

So, that’s enough on tracking data, let’s jump to the topic.

Have you ever heard of Web 3.0?

Web 3.0 aims to be the ultimate decentralized web space in which no central authority can handle or control things around it. And to solve that above said massive centralization issue, a solution is here and mark my words, it’s here to stay.

Introducing Galxe. It is the biggest data infrastructure to power credential data on Web3.0 with more than 1500 credentials and over 4 million active users.

The project gives exposure & the ability to Web3.0 developers to use credential data to build better products and communities. At the same time, data curators contribute to the credential data network built by Galxe while earning an income once the data is utilized.

That’s a small brief introduction to the project. Now, it’s time for the deep dive.

What are digital credentials and what is wrong with them as of now?

Credential data are separated via closed databases that are owned by different kinds of applications, governments and various kinds of organizations.

This has become a questionable problem as the end-user solely own their data, but they are not owning the data as they are supposed to.

So, is there any solution for this? Yes, there is. This is why Galxe comes on hand.

They are aiming to solve this very problem by building an open and collaborative data credential network which will help web 3.0 developers to use them to build more efficient products along with a more driven community.

So, what is so special with Galxe?

Apart from being the biggest web3.0 data credential network, there is something special that not only the developers can benefit from but also protocol users can too

While the developers can leverage user credentials to build much more good products, the data curators are rewarded when their credentials are used in Galxe’s Application Modules, Credential Oracle Engine, and the Credential API.

Thanks to the rewarding system, both parties can benefit from their required information, which is a plus point.

As of press time, there are more than 100 partners and 300 brands who have built their projects on Galxe.

Some major Players include #BNBChain , #Solana ,#Injective and #Filecoin .

Also, many services use Galxe for marketing purposes along with identifying the target audience and rewarding them with NFTs and tokens on #Solana .

In addition, Galxe does have the following features as well.

A bootstrapping community

A customized voting system

A loyalty program

A growth hacking community.

How does the credential data network work at Galxe?

For on-chain credentials, curators can contribute via static snapshots or subgraph queries, while for off-chain contributors the protocol has already integrated with sources like http://snapshot.org, Twitter and GitHub which is much easier way to support the network.

A deeper dive into the technical aspects We learnt that Galxe provides developers with Application modules, A credential data engine and a Credential API a little moment ago.

So, here are the use cases for each of those modules. If we consider the application modules, Developers get the ability to access the following benefits.

Galxe On-chain achievement tokens

NFT loyalty programs

Growth hacking communities and customized governance.

In addition, developers can use the Oracle Data Engine for usages such as building your on-chain resume and Building Guilds, to allow users in INOs and IDOs. The Credential API is used for Mining Boost, Credit Scores and analyzing Sybil attack prevention algorithms as well.

Is there any Identification Module inside the project?

If so, how can we interact with it?

Yes, there is one. Introducing the Galxe Passport.

With the Galxe Passport, users will be able to interact in a web3.0 Decentralized ID system, which will not only give you a multi-chain identity and will also let others know a bit more about you through your past achievements or credentials. Simply, it is your Web3.0 LinkedIn.

Check below for some of the benefits you will get by using the Galxe ID, which is exclusively for Galxe users.

It’s your universal username in Web3.0 which connects with your multi-chain or multi-wallet identities.

You can easily show the credentials you’ve collected in Web3 and show your past achievements.

As it's a metaverse DID, developers can use it for other developments.

Now, Let’s look around Galxe’s Ecosystem. So, there are many things around Galxe, but I will be discussing the major 2 players out there namely, The Galxe OAT and their native token, GAL.

1. The Galxe OAT. This is the ultimate lightweight solution for event organizers and community managers which uses the power of Galxe’s NFT infrastructure and on-chain credential data network to build and distribute NFT badges to their communities.

Your Galxe OATs (On-chain achievement tokens) are a digital record of all your life achievements. So, what can I do with my Galxe OATs? Just think about some concert tickets or an F1 ticket you just bought for the event. This one is simply digitalized.

Here are some of the use cases of the Galxe OATs as of now.

Event organizers can create their own, dedicated pages on http://galxe.eco, and create events and credentials just by submitting their parameters and the design of the badge.

Event participants can claim their NFTs with a zero-gas fee experience.

OATs are natively on the Polygon network, so they will have native support to OpenSea and most of the dApps.

All metadata related to the NFTs will be stored on http://NFT.storage which is powered by Filecoin and IPFS.

Now, let’s look into Galxe’s native token,

The GAL token plays a major role in the Galxe Ecosystem as the governance token and the primary payment method. There is a total supply of 200,000,000 GAL tokens where 54,267,333 GAL tokens (27% of the total supply) are in circulation as of press time.

Here are some utilities of GAL

1. Governance

GAL holders can control the amount of the platform fee which is collected by the protocol and also the funds which are held by the community treasury. also, they can participate in voting & governance in Galxe DAO.

2. Paying for application module fee

Developers who aim to utilize Galxe's credential data through an application module will be charged a Fee in GAL. Mostly, this fee will go to the curators of the protocol, while the Galxe community treasury will collect the rest.

3. Paying for Galxe oracle engine and Galxe credential API

Developers will pay a fee in GAL to query credential data through the Galxe Oracle Engine and Galxe credential API.

4. Curating Digital credentials.

Curators can utilize GAL tokens to give credential data set’s a value. Every credential data will include a revenue stream which will be split between credential stakeholders proportionally.

Also, the more credential data in the system, the more GAL tokens will be locked. Thanks to this component, curators who help to identify valuable data are rewarded for their attention. Please note that this part of the ecosystem is yet to come.

More Interesting things inside the Galxe Ecosystem

The verified space program- The Ultimate space for influencers

The Galxe brain-The proponent members which are selected to guide the community across the globe.

The Galxe Pathfinder-The avid supporters of Galxe who are found on various platforms such as Discord.

The Galxe Ecosystem space- The magical name for Galxe’s official Discord.

==Final thoughts on Galxe===

->Galxe paves the way for users to monetize their credentials.

->The next infrastructure gem on web3.0.

->They are minting more than 500k Credential NFTs.

->You don’t want to be tech-savvy to use Galxe.

->It's An Interoperable protocol.

->They are building the biggest web3.0 credential network.

->Is going to be one of the most useful services on web3.0.

->Their credential system rewards contributors with different kinds of rewards such as NFTs, AOTs and GAL tokens.

So here we come to the end. Hope you enjoyed my detailed explanation on Galxe.

Stay tuned for more research topics like this!

Disclaimer: This very article does not provide any kind of investment advice. Please do your own research before investing.

On March 14th, Filecoin, the decentralized data storage platform, launched its Filecoin Virtual Machine (FVM) on its mainnet. This means that developers can now create decentralized applications using smart contracts on the Filecoin network.

The launch of the FVM is a major step for Filecoin towards its goal of creating a decentralized data economy. By enabling user programmability, the FVM unlocks the potential of an open data economy and allows developers to monetize data on open markets.

The FVM launch is the final step in Filecoin’s Masterplan, which aims to bring large-scale computation and the ability to power web-scale applications to the world’s largest decentralized storage network. The FVM also strengthens Filecoin’s position as a Layer-1 blockchain, uniquely positioned to power an open data economy. Many leading web3 projects have already announced their plans to integrate with the FVM to upgrade their services.

The launch of FVM-powered DataDAOs, dApps, and more has energized the 16,000+ developers in the Filecoin ecosystem. Over 150 teams began deploying FVM-powered products and services to the Filecoin mainnet on the launch day. Waterlily, a prompt-based AI tool that generates images in the style of specific artists, is one such example. It uses tokens to directly reward the creator of the original AI training data.

The FVM not only brings closer a more resilient, accessible, and decentralized cloud but also opportunities to own and reward individual contributions to the data economy in previously unimaginable ways for thousands of developers, storage providers, entrepreneurs, and other network participants from all over the world. Investors are excited about this potential and have earmarked millions of dollars in capital to help incubate businesses in the Filecoin ecosystem that seek to capitalize on these opportunities. For example, Longhash and Graph Paper Capital have already launched FVM-specific accelerator programs.

The launch of the FVM has also unlocked more growth opportunities for storage providers (SPs) on the network, who contribute over 13 EiB of storage capacity and make Filecoin the largest open-access storage network on the planet. Following the launch of FVM, decentralized financial services built by developers may make it easier for FIL, an essential component of the Filecoin storage network, to be leased by token holders to storage providers to facilitate increasing storage capacity and usage.

The FVM launch is a landmark milestone in Filecoin’s roadmap towards creating an open data economy. With the ability to create decentralized applications using smart contracts on the Filecoin network, developers can orchestrate where, when, and how data gets placed, governed, and monetized on open markets. The launch of FVM has energized the Filecoin community and brought it closer to its goal of creating a decentralized data economy.

The FVM will also allow integrations with leading web3 chains such as Polygon, Ethereum, and more for cross-chain messaging, and liquidity via Celer, Axelar, and others. This will enable users to add powerful data capabilities to any chain, such as verifiable data storage and decentralized compute via smart contract calls.

Smart contracts combined with content-addressed and verifiably persistent storage open boundless possibilities for decentralized data management, payments, and stewardship. With the FVM launch, new paradigms for FVM-powered services for video creator communities and livestream storage, social data preservation and portability, real-time gaming, and many more are now possible.

Furthermore, FVM is set to address the shortcomings of current NFTs. Currently, NFTs are often criticized for not storing token images on the blockchain. Bresser stated that applications built on Filecoin will solve this issue.

“I believe that FVM has great potential for the development of NFTs. NFTs on FVM can not only represent ownership rights, but also ensure that their images will be stored and exist for hundreds of years,” said Bresser.

According to AZCoin News, the FVM upgrade was announced a month ago. However, the price of FIL, the project’s coin, continues to surge ahead of the FVM network launch. Over the past 30 days, FIL has increased by more than 35% and is currently trading at $6.69 USD, according to CoinMarketCap.

#filestorage #Filecoin #FVM

This article was republished from azcoinnews.com

Filecoin’s Resilience and Growth Potential in the Crypto MarketThe Impact of BTC ETF Prospects on Filecoin (FIL)Filecoin Price Prediction
In the ever-evolving landscape of cryptocurrencies, Filecoin (FIL) has recently emerged as a notable player, capturing the market’s attention with its significant price surge and growing utility.
This interest in Filecoin is particularly intriguing in light of the broader context of the cryptocurrency market, including the burgeoning prospects of Bitcoin ETFs.
Filecoin $FIL  is going on a rampage today, up over 20%.
It’s currently my 6th largest individual crypto holding. pic.twitter.com/VY4tZNpDIJ
— Moon Lambo (@MoonLamboio) December 31, 2023
These developments in the crypto space not only highlight the dynamic nature of digital currencies but also underscore the potential impact of broader market trends on individual tokens like Filecoin.
The Filecoin ecosystem has onboarded over 1.8 exbibytes (EiB) of data! That’s like storing the digital collection of the Library of Congress 100+ times
Learn how teams at #FILDevSummit scale data onboarding to support new enterprise clients. https://t.co/4283SOLKqq
— Filecoin (@Filecoin) December 1, 2023
As the market grapples with new investment vehicles and regulatory landscapes, the performance of coins like Filecoin offers insights into the resilience and growth potential of cryptocurrencies amidst these challenges.
Filecoin’s Resilience and Growth Potential in the Crypto Market
Filecoin has managed to maintain its popularity in the challenging crypto market, appealing to both individual and institutional investors. Its innovative approach to digital storage rental and its open network for file storage are particularly attractive.
The price increase from $5.40 to $7.30 highlights Filecoin’s strength and hints at more growth in the future. Positive investor sentiment and Filecoin’s distinct features could lead to a continued rise in its value.
The Impact of BTC ETF Prospects on Filecoin (FIL)
The potential approval of a Bitcoin exchange-traded fund (ETF) is currently a major topic of interest, with expectations running high for an early decision next year. In this context, Borroe Finance ($ROE) and Filecoin (FIL) are drawing attention.
Borroe Finance is close to reaching its $2.5 million presale goal, offering a novel Web3 approach that combines AI and blockchain to provide quick capital to Web3 businesses through a unique NFT marketplace.
Filecoin, known for its innovative data storage method, saw a significant 95.8% annual increase, positioning it as a leading cryptocurrency.
COUNTDOWN
10 days until Bitcoin ETF Approval #BitcoinETF#BTC pic.twitter.com/88fX1ve7hY
— CORE (Satoshi) (@Core_002) December 31, 2023
This attention towards a potential Bitcoin ETF approval and the success of Borroe Finance has shone a spotlight on Filecoin. With its unique approach to data storage, Filecoin might see a surge in interest and potential price appreciation.
Filecoin Price Prediction
As we step into the new year, Filecoin (FIL) presents a robust picture in the cryptocurrency market. Today, Filecoin’s price stands at $7.22, with an impressive 24-hour trading volume of approximately $715 million. The digital asset has witnessed a remarkable uptrend of 22.91% in the last day alone.
Currently ranked #26 by CoinMarketCap, Filecoin boasts a market capitalization of $3.54 billion, underpinned by a circulating supply of nearly 490 million FIL coins.
Examining the chart with a critical eye reveals significant price levels. The pivot point is noted at $7.04, with immediate resistance at $7.66. Subsequent resistance levels are observed at $8.56 and $9.47.
In contrast, support levels are established at $6.27, followed by $5.27 and $4.35, marking crucial thresholds for potential price movements.
#Filecoin (#FIL) Technical Update
Current Price: $7.22
Resistance Levels: $7.66 | $8.56 | $9.47
Support Levels: $6.27 | $5.27 | $4.35
Pivot Point: $7.04
RSI: 78 (Overbought)
Watch for bullish trends above $7#CryptoTrading #MarketAnalysis #InvestSmart pic.twitter.com/8F9paBFQY5
— Arslan Ali (@forex_arslan) January 1, 2024
Technical indicators further illuminate Filecoin’s market position. The Relative Strength Index (RSI) stands at a high 78, indicating overbought conditions and potentially signaling a need for caution among investors.
Meanwhile, the price of Filecoin is comfortably above its 50-Day Exponential Moving Average (EMA) of $6.12, suggesting a short-term bullish trend.
The presence of bullish engulfing candle patterns in the chart reinforces this trend, hinting at a prevailing buying interest in the market.
In conclusion, the overall trend for Filecoin is bullish, particularly as long as the price stays above the $7 mark.
This bullish outlook is supported by both the RSI and EMA indicators, coupled with positive chart patterns. Investors and traders should keep a close watch on these key levels and indicators for potential shifts in momentum in the short term.
⚠️Disclaimer
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#Filecoin #FIL #BinanceSquare

The Filecoin Foundation, in collaboration with Lockheed Martin, has successfully demonstrated the use of the InterPlanetary File System (IPFS) for space communications, sending files from Earth to space and back.Decentralized systems like IPFS offer efficiency and data verifiability in space communications, overcoming challenges such as delays, radiation, and space debris faced by centralized architectures.
Pioneering Decentralized Technologies in Space
At the World Economic Forum in Davos, Switzerland, the Filecoin Foundation’s president Marta Belcher shared groundbreaking advancements in the use of decentralized technologies for space communications. This initiative, realized through a partnership with aerospace giant Lockheed Martin, marks a significant milestone in the implementation of decentralized storage systems in the vast expanse of space.

IPFS: A Game-Changer for Space Communications
The foundation’s recent demonstration, which involved the transmission of files between Earth and space using the InterPlanetary File System (IPFS), is the culmination of nearly three years of dedicated collaboration. The choice of IPFS for this endeavor was not incidental. Originally conceived for long-distance networking, including space applications, IPFS is aptly named for its envisioned utility beyond our planet.
Belcher pointed out that while centralized systems function adequately on Earth, they encounter significant delays in space. This delay is due to the need for data retrieval to travel vast distances between Earth and space. IPFS addresses this challenge by utilizing a content identification system, enabling access to files from the nearest available satellite. This method not only speeds up the process but also ensures efficiency in file access, irrespective of the user’s location in space.
Advantages of Decentralized Systems in Space
One of the key strengths of IPFS in space communications lies in its data verifiability feature. The system cryptographically verifies the integrity of data, ensuring that it remains unaltered during transmission. This feature is particularly valuable for confirming the authenticity of satellite images.
Moreover, decentralized protocols like IPFS offer a robust solution to challenges posed by radiation and space debris in space. Unlike centralized architectures, where radiation can corrupt files, decentralized systems maintain multiple copies of data. This redundancy means that even if one copy is compromised, others remain intact, ensuring data integrity and continuity.
Looking to the Future
The successful demonstration by the Filecoin Foundation not only realizes the original vision of IPFS but also opens new avenues for decentralized technologies in space. This pioneering effort in space communications demonstrates the potential of blockchain and decentralized systems to overcome the limitations of traditional centralized architectures, heralding a new era of efficiency and security in space exploration and data transmission.
Disclaimer
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#Filecoin