Wise Monkey ($MONKY) is a meme-inspired cryptocurrency that draws from the "Three Wise Monkeys" proverb: "See no evil, hear no evil, speak no evil." Launched on December 12, 2024, on the BNB Chain, it is supported by the Floki and ApeCoin communities. FLOKI BLOG
Tokenomics and Market Performance
The total supply of $MONKY is 10 trillion tokens. As of December 24, 2024, the token is trading at approximately $0.000016 per $MONKY, with a 24-hour trading volume around $10 million. The all-time high was $0.00002731 on December 12, 2024, and the all-time low was $0.00001165 on December 15, 2024. COINGECKO
Airdrop Details
A significant portion of $MONKY tokens was distributed through airdrops to holders of FLOKI, TokenFi ($TOKEN), and ApeCoin ($APE). For instance, 27% of the total supply was allocated to FLOKI holders, with a distribution ratio of 0.35 $MONKY for every 1 $FLOKI. The snapshot for eligibility was taken on December 15, 2024, and the airdrop occurred on December 20, 2024. FLOKI BLOG
Market Availability
$MONKY is available for trading on various decentralized and centralized exchanges, including PancakeSwap (v2), Gate.io, MEXC, and KuCoin. The most active trading pair is MONKY/WBNB on PancakeSwap. COINGECKO
Community and Cultural Significance
The token leverages the cultural symbolism of the "Three Wise Monkeys," aiming to embody wisdom and the collective power of its community. This cultural reference has been a touchstone across centuries, evolving from ancient Japanese carvings to modern adaptations in global media. COINGECKO
As of December 24, 2024, Binance has not listed the Wise Monkey (MONKY) token for trading. While Binance supported the MONKY airdrop for FLOKI and ApeCoin (APE) holders, this support does not guarantee a listing. Binance has stated that MONKY will undergo the same strict listing review process as any other coin or token
$LUNC Binance, has announced its support for the Terra Classic (LUNC) network's v3.3.0 upgrade. This upgrade is scheduled to occur at block height 21,163,600, which is expected to be reached on December 17, 2024, at approximately 12:57 UTC.
Key Details of the Upgrade:
Purpose: The v3.3.0 upgrade aims to enhance the Terra Classic network by simplifying tax handling and boosting utility. It introduces a new tax handling system that automatically deducts taxes from transactions before they reach the recipient's wallet, streamlining compliance for users and developers
Impact on Users: During the upgrade process, Binance will temporarily suspend deposits and withdrawals of LUNC tokens to ensure a seamless transition. However, trading of LUNC on Binance will continue uninterrupted. Once the network is deemed stable post-upgrade, deposits and withdrawals will resume.
Broader Support: Other major cryptocurrency exchanges, such as Bybit and OKX, have also expressed their support for the Terra Classic v3.3.0 upgrade, indicating widespread industry backing for this development
This upgrade is part of ongoing efforts to revive the Terra Classic ecosystem by improving its functionality and attractiveness to developers and projects. The community has been actively involved in initiatives like token burns and proposals to enhance the network's utility and security.
Bitcoin ($BTC ), the pioneer of cryptocurrency, has reached a new all-time high (ATH), solidifying its position as a revolutionary asset. This milestone reflects growing institutional adoption, public trust, and its role as a hedge against inflation in uncertain economic times. Driven by technological advancements and increasing decentralization, Bitcoin's ATH highlights the mainstream acceptance of blockchain technology. As more countries explore digital currencies and corporations integrate blockchain solutions, Bitcoin serves as the flagship of this evolving financial era. Despite market volatility, its deflationary nature and limited supply continue to attract investors, making this ATH a testament to its enduring relevance.
$BTC $TON The $TON (The Open Network) token, originally developed by Telegram, is quickly gaining recognition as a powerful contender in the world of blockchain and cryptocurrency. Designed to facilitate fast, secure, and scalable decentralized applications, TON has been making waves with its unique approach and promising capabilities. But what exactly sets TON apart, and what are its prospects? Pros Scalability and Speed: TON is designed with a focus on scalability, enabling it to handle millions of transactions per second. Its multi-level sharding technology allows the network to scale automatically as demand increases, ensuring that performance remains high even with a growing user base.Advanced Technology: TON employs a unique consensus mechanism called Byzantine Fault Tolerant (BFT) Proof-of-Stake (PoS), which not only enhances security but also reduces the energy consumption typically associated with blockchain networks. This makes TON both efficient and environmentally friendly.Interoperability: TON's architecture is built to be interoperable with other blockchains and decentralized networks. This cross-chain compatibility ensures that TON can easily integrate with other systems, fostering a more connected and cohesive blockchain ecosystem.Robust Ecosystem: The TON network is home to a rapidly expanding ecosystem of decentralized applications (dApps), smart contracts, and services. Its ease of use and developer-friendly tools make it an attractive platform for building and deploying blockchain projects.Strong Community and Support: TON benefits from a strong community of developers, users, and supporters. Originally backed by Telegram, TON has maintained a loyal following that continues to drive innovation and adoption within the network. Cons Regulatory Challenges: The history of TON is marked by regulatory issues, including a high-profile legal battle with the U.S. Securities and Exchange Commission (SEC) that led to Telegram abandoning the project. While TON has since re-emerged as an independent network, regulatory scrutiny remains a potential risk.Competition: TON faces intense competition from other smart contract platforms like Ethereum, Solana, and Binance Smart Chain. While TON's technology is advanced, gaining significant market share in such a competitive environment will be challenging.Relatively New: Compared to other established networks, TON is relatively new. This means that it has less proven track record, and its long-term success will depend on continued development, adoption, and community engagement. A Positive Future Ahead Despite these challenges, the future of the TON token looks bright. The network's technological advancements, particularly in scalability and interoperability, give it a strong foundation to build upon. As more developers and businesses recognize the potential of TON's platform, its ecosystem is expected to expand rapidly. TON's focus on creating a decentralized, scalable, and user-friendly network aligns well with the evolving needs of the blockchain space. The network's ability to handle high transaction volumes, coupled with its energy-efficient consensus mechanism, positions it as a leading platform for the next generation of decentralized applications. Looking ahead, TON's roadmap includes further enhancements to its infrastructure, the introduction of more dApps, and efforts to foster greater adoption across various industries. With its innovative approach and strong community support, TON is poised to play a significant role in the future of decentralized technologies.
Hedera Hashgraph (HBAR): A Glimpse into the Future
$BNB $HBAR Hedera Hashgraph (HBAR) has emerged as a prominent player in the distributed ledger technology (DLT) space, offering a unique alternative to traditional blockchain systems. Unlike conventional blockchains, Hedera utilizes a consensus algorithm called Hashgraph, which promises faster transactions, enhanced security, and more scalability. But what sets HBAR apart, and what does its future hold? Pros Speed and Scalability: HBAR boasts transaction speeds that far surpass those of traditional blockchains like Bitcoin and Ethereum. The Hashgraph consensus mechanism allows for high throughput, capable of handling thousands of transactions per second (TPS), making it suitable for enterprise-level applications.Low Transaction Costs: Hedera's efficient network allows for significantly lower transaction fees, often a fraction of a cent. This affordability makes it an attractive option for microtransactions and small-scale transactions, which are often impractical on more expensive networks.Security and Fairness: The Hashgraph algorithm offers asynchronous Byzantine Fault Tolerance (aBFT), ensuring that the network is highly secure against attacks. Additionally, the consensus process is fairer, as it prevents manipulation by any single entity, ensuring that transactions are processed in a more equitable manner.Environmental Impact: Hedera's network is designed to be energy-efficient, consuming significantly less power compared to proof-of-work (PoW) blockchains. This positions HBAR as a more sustainable and environmentally friendly choice in the crypto landscape.Strong Governance: Hedera's governance model involves a council of leading global organizations, including Google, IBM, and Boeing. This diverse and decentralized governance structure lends credibility and stability to the platform, ensuring that it remains resistant to hostile takeovers and centralization. Cons Centralized Governance Concerns: Despite the benefits of a strong governance council, some critics argue that Hedera's model is too centralized. The limited number of council members might raise concerns about the network's decentralization and long-term resilience.Competition: Hedera operates in a highly competitive environment, facing stiff competition from established blockchains like Ethereum and newer projects like Polkadot. While its technology is advanced, gaining widespread adoption remains a challenge in a crowded market.Regulatory Uncertainty: As with all cryptocurrencies, HBAR faces potential regulatory hurdles that could impact its adoption and growth. The evolving legal landscape could pose risks, particularly if governments impose stricter regulations on digital assets. A Positive Future Ahead Despite these challenges, the future of Hedera Hashgraph looks promising. The combination of cutting-edge technology, a focus on sustainability, and strong corporate backing positions HBAR as a leading contender in the DLT space. As more businesses and developers recognize the advantages of Hedera's network, its adoption is likely to grow. Looking ahead, Hedera's roadmap includes further improvements in scalability and security, as well as the expansion of its ecosystem through partnerships and new use cases. With its unique value proposition and commitment to innovation, HBAR is well-positioned to play a significant role in the future of decentralized technologies.
$STOG represents a modern approach to digital transactions, leveraging the advantages of blockchain technology to offer a secure, efficient, and versatile cryptocurrency. With its unique integration into a credit card system and its playful nod to The Three Stooges, $STOG stands out as a distinctive and innovative digital asset. As with any cryptocurrency, potential users and investors should conduct thorough research and consider the risks and benefits before engaging with $STOG. DYOR and be safe! $SOL
BNB, which stands for “Build and Build,” is a utility token created by Binance in 2017. It powers the Binance ecosystem and provides discounted trading fees for users. Originally launched as an ERC-20 token on Ethereum, it later transitioned to BEP-2 BNB on the Binance Chain and BEP-20 BNB on the Binance Smart Chain. BNB has a total supply of 200 million coins, with various use cases within and beyond the Binance ecosystem. Use Cases: - Trading Fees: BNB reduces trading fees on the Binance exchange. - Binance DEX: It’s used to pay trading fees on Binance’s decentralized exchange (Binance DEX). - Transaction Fees: BNB covers transaction fees on both the BNB Beacon Chain and BNB Smart Chain. - Payments: You can use BNB for online and in-store purchases (e.g., via Binance Card or Binance Pay). - Travel and More: Book hotels, flights, and more at Travala.com using BNB. - Community Utility: BNB serves as a utility token for games and DApps within the BNB Chain ecosystem. - Token Sales: Participate in token sales on Binance Launchpad. - Charity: Donate using BNB on Binance Charity. - Liquidity Provision: Provide liquidity on Binance Liquid Swap. Price predictions for late-2024, go around $720 to $950 Remember DYOR and be safe. $BNB $BTC
Cryptocurrency, with its promise of decentralized finance and substantial returns, has become a magnet for investors. Unfortunately, it has also attracted scammers looking to exploit the unwary.
Understanding how these scams operate and how to protect yourself is crucial for anyone involved in the crypto space.
Common Types of Crypto Scams:
1) Pump and Dump Schemes
- How They Work: Scammers artificially inflate the price of a cryptocurrency through false statements, leading others to buy in. Once the price is high, they sell off their holdings, causing the price to crash. - Detection: Be skeptical of sudden price spikes and overly positive hype on social media. - Protection: Do your research before investing, diversify your investments, and avoid getting swept up in hype.
2) Phishing Scams
- How They Work: Scammers use fake emails, social media messages, or websites mimicking legitimate crypto services to steal your login credentials. - Detection: Look for discrepancies in URLs, unsolicited emails asking for personal information. - Protection: Always double-check URLs, avoid clicking on suspicious links, and use two-factor authentication (2FA)
The overall outlook for Solana is cautiously optimistic. Analysts predict that SOL could reach new all-time highs by 2025, driven by events like the Bitcoin halving and potential regulatory clarity in major economies.
These factors, suggest a positive trajectory for Solana in the near future.
As of today, Solana (SOL) is experiencing a dynamic period with several key developments influencing its market position.
By the end of 2024, predictions are from $270 to $390
This new Solana meme coin is driving me crazy, I invested a little bit, but I will be following it for a few days, seems to have a really good potential.
Either way it is already listed on 2 Exchanges, DYOR
Feel free to give me your thoughts on any other Solana meme that I should watch.
I found this article about the IFS, by OnomyProtocol, I thought it was interesting to share. Follow @OnomyProtocol on X $BTC $ETH $NOM --------------------------
What is the Internet’s Financial System (IFS)?
Exactly what it sounds like. It’s an alternative financial system residing on the web. One that abstracts away all on-chain complexity and is more akin to traditional finance, yet retains the crypto ethos and all the cutting edge features that come with it.
In simpler terms, pls? Whether you shop, chat, play, engage, create, deploy, trade, collect, or distribute, you’ll be interacting with on-chain tech. But you’ll never know it. By the time the IFS is here, it’ll all be second nature. Just like CTRL+C or putting your computer to sleep after you’re done with it. And this won’t be just you, technophile. It’ll be everyone.
Why? The IFS enshrines blockchain principles of transparency, community ownership and trustless authority, but lets institutional money and traditional finance offer their services through this medium that’s custom built for the evolving internet.
Recently I'm taking a closer look to $Smilek and to $Stog, this new meme coins seems to have a good entry point today, both projects have low MC and a good story behind.
I will keep checking how they develop in the nexts weeks, with the upcoming listings.