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Just in: Kenya's parliament introduces a bill that proposes a 3% tax on cryptocurrency and NFT transfers, as well as a 15% tax on monetized online content. The bill will undergo further review and could become law if passed. #cryptotax #digitalassets #Kenya

Just in: Kenya's parliament introduces a bill that proposes a 3% tax on cryptocurrency and NFT transfers, as well as a 15% tax on monetized online content. The bill will undergo further review and could become law if passed. #cryptotax #digitalassets #Kenya

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Will These Top Meme Coins Perform in May? Details: - The crypto market has seen a gradual drop over the past three days, including a 5% dip in Bitcoin, resulting in long-liquidations across the market totaling $350 million. - Despite facing challenges, top meme coins like Dogecoin and Shiba Inu have started showing signs of recovery, raising hopes of a trend reversal. - Dogecoin: As the largest meme coin, Dogecoin holds a market cap of $21.5 billion, though its price has dropped 25% over 30 days. The price action forms a falling channel pattern, indicating supply pressure, while a bullish comeback from the Fibonacci level could push prices higher. - Shiba Inu: Shiba Inu ranks 11th in the broader market with a market cap of $13.5 billion. The meme coin is trapped in a falling channel pattern but has strong potential for a bullish reversal if it can break through key resistance levels. - PEPE: PEPE, a non-dog-themed top meme coin, has shown potential for high reversals and bull runs. The recent bearish wedge breakout rally and head-and-shoulders pattern indicate a strong possibility of upward movement. - FLOKI: FLOKI, another dog-themed meme coin, has experienced a 420% gain year-to-date. Recent price action suggests a possible bullish turnaround, with potential for the price to reach $0.00030. - BONK: BONK, a meme coin on the Solana ecosystem, is preparing for a double-bottom reversal that could extend its uptrend. A successful breakout could pump the BONK price to $0.00003786. Overall, these meme coins show potential for upward movement in May, depending on their ability to break through key resistance levels and establish bullish trends.
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Top Five Altcoins With 50X Potential to Stack Right Now - Altcoin Buzz highlights the potential for substantial gains in the ongoing crypto bull run and suggests strategic repositioning for investors to capitalize on the current market. - Morpheus Labs: This project offers blockchain-as-a-service tools, making it easier for projects to launch on its platform with low-code tools and AI-assisted services. Morpheus Labs has great potential for facilitating blockchain and dApp launches. - Akash Network: As a marketplace for renting and borrowing GPU power, Akash Network serves AI and deep learning applications' growing demand. Its positioning in AI and decentralized computing makes it a promising project with high growth potential. - Quant: Through its Overledger platform, Quant provides blockchain solutions that enable developers to integrate projects across multiple blockchains. Quant supports use cases like digital currencies, cross-border payments, and supply chain solutions. - Oraichain: Operating in the Web3 space, Oraichain offers AI solutions with its AI Oracle platform. By leveraging AI APIs and decentralized storage, Oraichain enhances data quality and security while connecting to smart contracts. - Kaspa: Known as the fastest Proof-of-Work blockchain, Kaspa utilizes a block DAG structure for scalability and parallel block creation. It is attracting developers for dApps in sectors that require fast, scalable solutions.
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Top Performing Altcoins as Bitcoin (BTC) Reaches 12-Day Peak (Market Watch) Details: - Bitcoin experienced a strong recovery after recent setbacks, reaching a 12-day high above $65,000. - The crypto market cap has increased by nearly $100 billion in a single day. - Several altcoins have seen even more significant gains, with TON, SOL, and AVAX standing out among larger caps. - Bitcoin hit a low of $56,500 at the start of May due to growing ETF outflows and US Fed concerns, but it quickly recovered over the weekend, reaching $64,000 and climbing further. - Altcoins have outperformed Bitcoin in some instances, with gains seen in SOL (6%), TON (9%), and AVAX (7%). - Ethereum increased by 3%, surpassing $3,200, while BNB reached $600. Other major alts like XRP, DOGE, ADA, SHIB, and BCH also performed well. - More notable gains were seen in LINK, NEAR, MATIC, HBAR, IXP, APT, RNDR, and other altcoins. - The total crypto market cap reached $2.55 trillion, marking an increase of almost $100 billion from the previous day. - The market shows strong momentum, with various assets making significant progress and attracting investor interest.
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Top 3 ‘Blue Chip’ Cryptos to Buy Amid Bitcoin Crash Revealed by Analysts Details: - As Bitcoin prices experience a decline of over 13% in the last 30 days, crypto market analysts have recommended three "blue chip" digital assets for investment: Cardano, Chainlink, and Solana. - Cardano: The upcoming "Chang upgrade" protocol hard fork is highlighted as a significant factor, which will lead to more decentralized governance and enable greater economic agency for millions. - Chainlink: The project’s partnership with a technology company developing a Hong Kong dollar stablecoin (HKDR) is noted as a key point. Chainlink has been addressing the needs of various financial institutions in Hong Kong. - Solana: The notable increase in Solana's usage by retail investors suggests future gains. Solana could surpass Ethereum in terms of transaction fees and maximal extractable value (MEV). - Key takeaways: Bitcoin's recent downturn affects the broader crypto market, but these recommended projects offer ongoing development and potential for future growth. - Context: At the time of writing, Solana is trading at around $144, Chainlink at $14, and Cardano at $0.45. (Note: This article does not constitute financial advice.)
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Binance Launchpool just got a HOT new project - 54th ~ NOTCOIN
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