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🚨 Token Unlock Alert!
Next week, around $2.6 billion worth of tokens are set to be unlocked, according to Tokenomist data.
A critical moment for the market—keep an eye on potential price movements and market sentiment!
Next week, around $2.6 billion worth of tokens are set to be unlocked, according to Tokenomist data.
A critical moment for the market—keep an eye on potential price movements and market sentiment!
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Can PEPE Reach $0.10? An Analysis
PEPE, a meme-inspired cryptocurrency, has captured significant attention. While its current price is far from $0.10, let’s explore how token burning could impact its potential to reach this ambitious target.
Current Snapshot (as of December 2024):
Price: $0.00001898
Circulating Supply: Approximately 420.69 trillion PEPE tokens
Market Cap: Around $7.98 billion
Market Capitalization Implications
For $PEPE to reach $0.10, its market capitalization would need to rise to an astronomical $42.07 trillion with the current supply. This exceeds the market cap of the entire global cryptocurrency market, highlighting the significant challenges.
Token Burning Possibility
Introducing a token burning mechanism could significantly impact PEPE's price dynamics. Here’s how:
Reducing Supply: With 420.69 trillion tokens currently in circulation, token burns could gradually lower this number, creating scarcity.
Increasing Value: As supply decreases, and assuming demand remains constant or grows, the price per token could rise.
Achieving $0.10: A substantial and sustained burning mechanism would be required to bring the supply down to levels where $0.10 becomes feasible without an unreasonably high market cap. For instance, reducing the supply to 1 trillion tokens would require a $100 billion market cap to achieve $0.10—a more realistic scenario compared to the current supply.
Challenges and Opportunities
While token burning can be a powerful tool, it requires consistent implementation and community support. Additionally, the speculative nature of meme tokens means that market sentiment plays a significant role in price movements, often outweighing traditional supply-demand dynamics.
PEPE, a meme-inspired cryptocurrency, has captured significant attention. While its current price is far from $0.10, let’s explore how token burning could impact its potential to reach this ambitious target.
Current Snapshot (as of December 2024):
Price: $0.00001898
Circulating Supply: Approximately 420.69 trillion PEPE tokens
Market Cap: Around $7.98 billion
Market Capitalization Implications
For $PEPE to reach $0.10, its market capitalization would need to rise to an astronomical $42.07 trillion with the current supply. This exceeds the market cap of the entire global cryptocurrency market, highlighting the significant challenges.
Token Burning Possibility
Introducing a token burning mechanism could significantly impact PEPE's price dynamics. Here’s how:
Reducing Supply: With 420.69 trillion tokens currently in circulation, token burns could gradually lower this number, creating scarcity.
Increasing Value: As supply decreases, and assuming demand remains constant or grows, the price per token could rise.
Achieving $0.10: A substantial and sustained burning mechanism would be required to bring the supply down to levels where $0.10 becomes feasible without an unreasonably high market cap. For instance, reducing the supply to 1 trillion tokens would require a $100 billion market cap to achieve $0.10—a more realistic scenario compared to the current supply.
Challenges and Opportunities
While token burning can be a powerful tool, it requires consistent implementation and community support. Additionally, the speculative nature of meme tokens means that market sentiment plays a significant role in price movements, often outweighing traditional supply-demand dynamics.
7 Million OpenSea Emails Exposed: Crypto Community on High Alert for Phishing Threats
SlowMist’s chief information security officer (CISO) reported that a 2022 breach involving NFT marketplace OpenSea’s user data has now led to the full public exposure of the leaked information.
The breach, which occurred in June 2022, involved 7 million email addresses of OpenSea users.
Crypto Users at Risk After 7 Million OpenSea Emails Go Public
In a tweet on January 13, blockchain security firm SlowMist’s chief information security officer (CISO) said that the leaked email addresses have now been made public.
“Remember the attack on the OpenSea mail service provider in 2024 that led to the leakage of emails? The leaked email addresses have now been fully publicized after multiple disseminations. Please be aware of the risks associated with phishing emails and other potential cyberattacks,” the SlowMist exec said.
According to a screenshot shared by the exec, former Binance CEO CZ’s emails were also leaked.
SlowMist’s chief information security officer (CISO) reported that a 2022 breach involving NFT marketplace OpenSea’s user data has now led to the full public exposure of the leaked information.
The breach, which occurred in June 2022, involved 7 million email addresses of OpenSea users.
Crypto Users at Risk After 7 Million OpenSea Emails Go Public
In a tweet on January 13, blockchain security firm SlowMist’s chief information security officer (CISO) said that the leaked email addresses have now been made public.
“Remember the attack on the OpenSea mail service provider in 2024 that led to the leakage of emails? The leaked email addresses have now been fully publicized after multiple disseminations. Please be aware of the risks associated with phishing emails and other potential cyberattacks,” the SlowMist exec said.
According to a screenshot shared by the exec, former Binance CEO CZ’s emails were also leaked.
⚡️ HODLER’S DIGEST: Raoul Pal says the crypto market is heading into a “Banana Singularity” where prices could soar, while Russia confiscates $10M in Bitcoin and Bybit halts trading in India due to regulations.
Binance’s altcoin dominance hits 78%, fueling analyst confidence in a 2025 #altcoin bull market!
JUST IN: 🇺🇸 Trump’s Treasury pick Scott Bessent disclosed owning up to $500,000 worth of # $BTC Bitcoin ETF.
They sent $150K of AICC tokens to a guy called “insiderJudas”
He IMMEDIATELY started dumping
You can’t make this up
He IMMEDIATELY started dumping
You can’t make this up
🇦🇷 Argentina's economic revival is attracting crypto companies, and Bitbase is leading the charge with plans to open new ATM locations across the country!
$BTC
$BTC
🚨 North Dakota is making history!
🇺🇸 A new bill aims to create a strategic reserve for Bitcoin & digital assets—could this be a game-changer for crypto in the U.S.? 💥 $BTC
🇺🇸 A new bill aims to create a strategic reserve for Bitcoin & digital assets—could this be a game-changer for crypto in the U.S.? 💥 $BTC
🚨 UK Treasury Excludes Crypto Staking from Heavy Regulation
Crypto staking for proof-of-stake blockchains like #Ethereum and #Solana is NOT a collective investment scheme under new UK Treasury amendments. A win for innovation! 🚀 #CryptoNews
Crypto staking for proof-of-stake blockchains like #Ethereum and #Solana is NOT a collective investment scheme under new UK Treasury amendments. A win for innovation! 🚀 #CryptoNews
Usual Protocol (USUAL): Opportunity or Risk?
Usual Protocol (USUAL) is a cryptocurrency designed to revolutionize decentralized finance (DeFi) with its secure and fiat-backed stablecoin model. It has recently gained traction, sparking interest among investors for its unique approach to redistributing value and ownership through the $USUAL token.
Current Market Overview
As of December 30, 2024, USUAL is trading at approximately $0.6744 USD, reflecting an increase of 6.3% over the past 24 hours. The intraday high reached $0.7239 USD, while the low was $0.6427 USD.
Historical Performance
USUAL has demonstrated steady growth:
30-Day Growth: Up by 47.1%, indicating strong momentum over the past month.
7-Day Performance: Increased by 33.9%, reflecting heightened market activity and interest.
The consistent upward trend signals growing confidence in the token's potential and the protocol's underlying technology.
Market Capitalization and Trading Volume
USUAL Protocol currently boasts:
Market Cap: Approximately $342.8 million USD
24-Hour Trading Volume: Around $156.75 million USD
These figures underscore significant market participation and liquidity, contributing to its appeal as a DeFi asset.
Source: Coingecko
Investment Considerations
Investing in USUAL Protocol involves a mix of potential rewards and risks:
Opportunities:
Innovative Model: USUAL Protocol aims to provide a decentralized stablecoin solution, redistributing value to its token holders while maintaining security and transparency.
DeFi Potential: Positioned in the growing DeFi market, USUAL may benefit from increased adoption as decentralized finance solutions gain mainstream traction.
Risks:
Market Volatility: Like most cryptocurrencies, USUAL is subject to price fluctuations, making it a speculative investment.
Execution Risk: The success of the protocol's stablecoin model depends on its adoption and the effectiveness of its implementation in real-world DeFi use cases.
Current Snapshot (as of December 2024)
Price: $0.6744 USD (up by 6.3% over the past 24 hours)
Usual Protocol (USUAL) is a cryptocurrency designed to revolutionize decentralized finance (DeFi) with its secure and fiat-backed stablecoin model. It has recently gained traction, sparking interest among investors for its unique approach to redistributing value and ownership through the $USUAL token.
Current Market Overview
As of December 30, 2024, USUAL is trading at approximately $0.6744 USD, reflecting an increase of 6.3% over the past 24 hours. The intraday high reached $0.7239 USD, while the low was $0.6427 USD.
Historical Performance
USUAL has demonstrated steady growth:
30-Day Growth: Up by 47.1%, indicating strong momentum over the past month.
7-Day Performance: Increased by 33.9%, reflecting heightened market activity and interest.
The consistent upward trend signals growing confidence in the token's potential and the protocol's underlying technology.
Market Capitalization and Trading Volume
USUAL Protocol currently boasts:
Market Cap: Approximately $342.8 million USD
24-Hour Trading Volume: Around $156.75 million USD
These figures underscore significant market participation and liquidity, contributing to its appeal as a DeFi asset.
Source: Coingecko
Investment Considerations
Investing in USUAL Protocol involves a mix of potential rewards and risks:
Opportunities:
Innovative Model: USUAL Protocol aims to provide a decentralized stablecoin solution, redistributing value to its token holders while maintaining security and transparency.
DeFi Potential: Positioned in the growing DeFi market, USUAL may benefit from increased adoption as decentralized finance solutions gain mainstream traction.
Risks:
Market Volatility: Like most cryptocurrencies, USUAL is subject to price fluctuations, making it a speculative investment.
Execution Risk: The success of the protocol's stablecoin model depends on its adoption and the effectiveness of its implementation in real-world DeFi use cases.
Current Snapshot (as of December 2024)
Price: $0.6744 USD (up by 6.3% over the past 24 hours)
🚨 Big news from Oklahoma!
🇺🇸 Senator Dusty Deevers has officially said that #Bitcoin is now a key part of our economy and will play a huge role in the future of finance. 🌍💰
🇺🇸 Senator Dusty Deevers has officially said that #Bitcoin is now a key part of our economy and will play a huge role in the future of finance. 🌍💰
🇺🇸 Big move in the crypto world!
Circle, the issuer of $USDC, has donated a whopping $1,000,000 in stablecoins to President-elect Trump's inaugural fund.
Circle, the issuer of $USDC, has donated a whopping $1,000,000 in stablecoins to President-elect Trump's inaugural fund.
Great news! The crypto market is showing bullish signals again. Don't miss out, consider investing your assets wisely 💡 Stay updated $BTC
PNUT Coin: Opportunity or Risk?
PNUT Coin, inspired by the internet-famous squirrel Peanut, has gained substantial attention as a memecoin. Its rapid rise and subsequent volatility have positioned it as a speculative asset, sparking interest and caution among investors.
Current Market Overview
As of January 9, 2025, PNUT Coin is trading at approximately $0.54 USD, reflecting a 6.18% decrease over the past 24 hours. The intraday high reached $0.58 USD, while the low was $0.53 USD.
Historical Performance
PNUT Coin experienced a meteoric rise in November 2024, reaching an all-time high of $2.47 on November 14, 2024. This surge was fueled by viral internet reactions to the death of Peanut the Squirrel, a widely loved internet sensation.
However, the coin has since faced significant volatility, with its value decreasing by approximately 78% from its peak.
Market Capitalization and Trading Volume
PNUT currently holds:
Market Cap: Approximately $537 million USD
24-Hour Trading Volume: Around $220 million USD
These metrics highlight strong market activity despite the coin's recent downturn.
Source: Coingecko
Investment Considerations
Investing in PNUT Coin comes with both potential rewards and risks:
Opportunities:
Cultural Influence: PNUT’s viral origins and popularity on social media make it prone to sudden spikes in value, offering potential short-term gains.
Speculative Appeal: Memecoins like PNUT attract investors looking for high-risk, high-reward opportunities.
Risks:
Volatility: PNUT’s price fluctuations are extreme, with significant declines following its peak.
Lack of Fundamental Value: Like many memecoins, PNUT relies on social media trends rather than underlying technology or utility.
Current Snapshot (as of January 2025)
Price: $0.54 USD (down by 6.18% over the past 24 hours)
Market Cap: Approximately $537 million USD
24-Hour Trading Volume: Around $220 million USD
Circulating Supply: Approximately 999.86 million coins
Price Range (24h): High: $0.58 USD | Low: $0.53 USD
PNUT Coin, inspired by the internet-famous squirrel Peanut, has gained substantial attention as a memecoin. Its rapid rise and subsequent volatility have positioned it as a speculative asset, sparking interest and caution among investors.
Current Market Overview
As of January 9, 2025, PNUT Coin is trading at approximately $0.54 USD, reflecting a 6.18% decrease over the past 24 hours. The intraday high reached $0.58 USD, while the low was $0.53 USD.
Historical Performance
PNUT Coin experienced a meteoric rise in November 2024, reaching an all-time high of $2.47 on November 14, 2024. This surge was fueled by viral internet reactions to the death of Peanut the Squirrel, a widely loved internet sensation.
However, the coin has since faced significant volatility, with its value decreasing by approximately 78% from its peak.
Market Capitalization and Trading Volume
PNUT currently holds:
Market Cap: Approximately $537 million USD
24-Hour Trading Volume: Around $220 million USD
These metrics highlight strong market activity despite the coin's recent downturn.
Source: Coingecko
Investment Considerations
Investing in PNUT Coin comes with both potential rewards and risks:
Opportunities:
Cultural Influence: PNUT’s viral origins and popularity on social media make it prone to sudden spikes in value, offering potential short-term gains.
Speculative Appeal: Memecoins like PNUT attract investors looking for high-risk, high-reward opportunities.
Risks:
Volatility: PNUT’s price fluctuations are extreme, with significant declines following its peak.
Lack of Fundamental Value: Like many memecoins, PNUT relies on social media trends rather than underlying technology or utility.
Current Snapshot (as of January 2025)
Price: $0.54 USD (down by 6.18% over the past 24 hours)
Market Cap: Approximately $537 million USD
24-Hour Trading Volume: Around $220 million USD
Circulating Supply: Approximately 999.86 million coins
Price Range (24h): High: $0.58 USD | Low: $0.53 USD
Bio Protocol (BIO): Opportunity or Risk?
Bio Protocol (BIO) is a cryptocurrency gaining attention for its innovative approach, integrating decentralized science (DeSci) with decentralized finance (DeFi). It aims to revolutionize funding in biotechnology, but its recent price performance has raised questions about its potential as an investment.
Current Market Overview
As of December 30, 2024, BIO is trading at approximately $0.53 USD, reflecting a decrease of 10.88% over the past 24 hours. The intraday high reached $0.60 USD, while the low was $0.51 USD.
Historical Performance
BIO Protocol launched at an initial price of $1.40 per token, but it has since experienced significant volatility, dropping to its current level. Despite this, BIO has carved out a niche within the DeFi and DeSci sectors, gaining traction among investors interested in the biotech space.
Market Capitalization and Trading Volume
BIO Protocol currently boasts:
Market Cap: Approximately $859 million
24-Hour Trading Volume: Around $267 million
These metrics highlight substantial market interest and activity, despite recent price declines.
Source: Coingecko
Investment Considerations
Investing in BIO Protocol involves both potential rewards and significant risks:
Opportunities:
Innovative Approach: $BIO combines DeFi with decentralized science, targeting underfunded biotech projects. Its mission could position it as a leader in biotech innovation.
Market Niche: Its focus on bridging finance and science offers a unique value proposition in the cryptocurrency space.
Risks:
Volatility: BIO's price has experienced sharp fluctuations since its launch, underscoring the speculative nature of the asset.
Execution Risk: Success depends on the adoption and effectiveness of its platform in fostering biotech innovation.
Current Snapshot (as of December 2024)
Price: $0.53 USD (down by 10.88% over the past 24 hours)
Market Cap: Approximately $859 million
24-Hour Trading Volume: Around $267 million
Circulating Supply: Data not fully disclosed
Price Range (24h): High: $0.60 USD | Low: $0.51 USD
Bio Protocol (BIO) is a cryptocurrency gaining attention for its innovative approach, integrating decentralized science (DeSci) with decentralized finance (DeFi). It aims to revolutionize funding in biotechnology, but its recent price performance has raised questions about its potential as an investment.
Current Market Overview
As of December 30, 2024, BIO is trading at approximately $0.53 USD, reflecting a decrease of 10.88% over the past 24 hours. The intraday high reached $0.60 USD, while the low was $0.51 USD.
Historical Performance
BIO Protocol launched at an initial price of $1.40 per token, but it has since experienced significant volatility, dropping to its current level. Despite this, BIO has carved out a niche within the DeFi and DeSci sectors, gaining traction among investors interested in the biotech space.
Market Capitalization and Trading Volume
BIO Protocol currently boasts:
Market Cap: Approximately $859 million
24-Hour Trading Volume: Around $267 million
These metrics highlight substantial market interest and activity, despite recent price declines.
Source: Coingecko
Investment Considerations
Investing in BIO Protocol involves both potential rewards and significant risks:
Opportunities:
Innovative Approach: $BIO combines DeFi with decentralized science, targeting underfunded biotech projects. Its mission could position it as a leader in biotech innovation.
Market Niche: Its focus on bridging finance and science offers a unique value proposition in the cryptocurrency space.
Risks:
Volatility: BIO's price has experienced sharp fluctuations since its launch, underscoring the speculative nature of the asset.
Execution Risk: Success depends on the adoption and effectiveness of its platform in fostering biotech innovation.
Current Snapshot (as of December 2024)
Price: $0.53 USD (down by 10.88% over the past 24 hours)
Market Cap: Approximately $859 million
24-Hour Trading Volume: Around $267 million
Circulating Supply: Data not fully disclosed
Price Range (24h): High: $0.60 USD | Low: $0.51 USD
MANTRA Blockchain to Tokenize $1B of Real-World Assets for UAE-Based Property Firm DAMAC
MANTRA, a layer-1 blockchain designed for tokenized real-world assets (RWA), entered an agreement with United Arab Emirates-based property conglomerate DAMAC Group to bring at least $1 billion of the firm's assets to blockchain rails, the companies announced Thursday in a press release.
The deal will allow investors to finance DAMAC's portfolio companies spanning across various sectors including real estate development, hospitality and data centers. By tokenizing assets, the companies aim to streamline traditional investment processes while increasing accessibility for both retail and institutional investors.
Details of which DAMAC properties will be tokenized and specifications of the offerings will be announced in the coming weeks, a MANTRA spokesperson told CoinDesk. The offerings will be available starting in early 2025, the press release said.
Tokenization of real-world assets, the process of converting traditional assets like real estate, commodities, funds and securities into digital tokens that represents ownership on a blockchain, is gaining traction globally. Institutions and even governments are increasingly exploring tokenization in pursuit of operational efficiency gains like speedier settlements and broader investor accessibility. The RWA market could grow to trillions of dollars through this decade, various reports from McKinsey, BCG, 21Shares and Bernstein projected.
"Tokenizing our assets will provide investors with a secure, transparent and convenient way to access a wide range of investment opportunities," Amira Sajwani, managing director of DAMAC, said in a statement.
MANTRA focuses on the Middle East region to bring a diverse range of traditional financial assets to its blockchain. Earlier this year, the it said it will tokenize $500 million worth of assets of Dubai-based real estate developer MAG Group. The network's mainnet launch took place in October, and its native token OM's market capitalization rose by nearly 200%
MANTRA, a layer-1 blockchain designed for tokenized real-world assets (RWA), entered an agreement with United Arab Emirates-based property conglomerate DAMAC Group to bring at least $1 billion of the firm's assets to blockchain rails, the companies announced Thursday in a press release.
The deal will allow investors to finance DAMAC's portfolio companies spanning across various sectors including real estate development, hospitality and data centers. By tokenizing assets, the companies aim to streamline traditional investment processes while increasing accessibility for both retail and institutional investors.
Details of which DAMAC properties will be tokenized and specifications of the offerings will be announced in the coming weeks, a MANTRA spokesperson told CoinDesk. The offerings will be available starting in early 2025, the press release said.
Tokenization of real-world assets, the process of converting traditional assets like real estate, commodities, funds and securities into digital tokens that represents ownership on a blockchain, is gaining traction globally. Institutions and even governments are increasingly exploring tokenization in pursuit of operational efficiency gains like speedier settlements and broader investor accessibility. The RWA market could grow to trillions of dollars through this decade, various reports from McKinsey, BCG, 21Shares and Bernstein projected.
"Tokenizing our assets will provide investors with a secure, transparent and convenient way to access a wide range of investment opportunities," Amira Sajwani, managing director of DAMAC, said in a statement.
MANTRA focuses on the Middle East region to bring a diverse range of traditional financial assets to its blockchain. Earlier this year, the it said it will tokenize $500 million worth of assets of Dubai-based real estate developer MAG Group. The network's mainnet launch took place in October, and its native token OM's market capitalization rose by nearly 200%
🚀 Big news from South Korea! 🇰🇷 The Financial Services Commission is easing restrictions on institutional crypto trading, letting institutions open accounts on local exchanges. 📈 How will this shift shape the market?