Elon Musk’s recent comments have sparked renewed interest in Dogecoin, with forecasts suggesting it could reach $1. Dogecoin is currently trading at $0.1292, and Musk’s influence has historically driven its price movements. At the same time, Polygon’s robust Q2 2024 performance, including a 47.6% increase in daily active addresses and a 17.5% rise in stablecoin market cap, sets it up as one of the best altcoins for 2024, with the potential to hit $1. In this $1 competition, BlockDAG is a new Contender with high potential; Its presale has surged to $63.9 million, driven by innovations and a strategic approach.  CEO/Founder  Antony Turner’s recent interview coupled with  the leadership team reveal has been the driving factor of the presale

Dogecoin’s Path to $1 Can it hold?

Elon Musk’s recent comments brighten Dogecoin’s potential to hit $1. Speaking on the X Takeover podcast, Musk expressed his fondness for Dogecoin, attributing it to his love for dogs and memes. Despite recent price stagnation, trading at $0.1292, Musk’s influence drives interest. Analysts predict that overcoming the $0.20 resistance could pave the way for Dogecoin to reach $1, especially if integrated into Musk’s vision for an “everything app.”

Polygon’s Metrics and $1 Potential

Polygon’s metrics indicate strong growth despite a slight recent downturn in price. Trading just above $0.5, Polygon saw a 47.6% increase in daily active addresses and a 17.5% rise in stablecoin market cap in Q2 2024. Analysts suggest that if Polygon continues its trajectory, breaking the $0.56 resistance could lead to a bullish scenario with the price reaching $0.75 and potentially $1. With significant technical advancements like AggLayer and zkVM integration, Polygon remains one of the best altcoins for 2024.

Recent CEO Interview Boosts BlockDAG’s Presale Success

BlockDAG, led by CEO Antony Turner, is rapidly gaining traction in crypto. Turner’s recent interview highlighted the significant technical advances and strategic plans driving the project. The BlockDAG team, including a seasoned Blockchain advisor, Maurice Herlihy a distinguished alumni from M.I.T and Harvard, is setting new standards in blockchain innovation adding immense credibility to the team’s efforts.

In the exclusive interview, Turner discussed how BlockDAG’s unique technology, blending traditional financial systems with advanced blockchain innovations, positions it for success. He emphasized the importance of community engagement through regular AMA sessions, which have enhanced transparency and investor confidence. The presale has seen rapid progress, with Batch 21 priced at $0.017, marking a 1600% increase since Batch 1.

Turner also detailed the preparations for BlockDAG’s mainnet launch, underscoring the meticulous development process, rigorous testing phases, and key milestones. “Our vision is to launch a blockchain that addresses the limitations of other chains in terms of speed, decentralization, and efficiency,” Turner stated. He highlighted the significance of the presale progress, with over $63.9 million raised, showcasing robust market confidence in BlockDAG’s potential.

Finally, BlockDAG conducted an AMA session where CEO Antony Turner addressed key issues such as strategic partnerships with Layer2 developers and dApp creators, plans for future listings, and responses to community concerns about technology viability. This session marked a significant turnaround for BlockDAG as they embarked on improving credibility and correcting past missteps. Turner’s transparency and commitment to building a sustainable ecosystem, including setting up a foundation to manage funds for the community’s benefit, have reinforced investor confidence and set the stage for future growth.

Final Thoughts

BlockDAG’s $63.9 million presale, Spurred by CEO Antony Turner’s strategic leadership and technical innovations, underscores its significant market potential. In AMA session responses and earlier interviews, Turner’s focus on community engagement and transparency has built investors’ trust. 

As Dogecoin’s price forecast eyes $1 and Polygon metrics show strong growth, BlockDAG holds strong and irresistible potential, as evidenced by its robust presale as it moves to an imminent mainnet launch. For investors seeking the best altcoins for 2024, BlockDAG offers a promising opportunity.

Join BlockDAG Presale Now:

Website: https://blockdag.network

Presale: https://purchase.blockdag.network

Telegram: https://t.me/blockDAGnetworkOfficial

Discord: https://discord.gg/Q7BxghMVyu

Ondo Finance has marked a significant milestone in the decentralized finance (DeFi) landscape with the launch of USDY on the Aptos blockchain. This integration introduces the first tokenized U.S. Treasury asset within the Aptos ecosystem, a move that promises to blend the stability of traditional finance with the innovative potential of DeFi. 

Supported by leading protocols such as Aries Markets, Thala, and LiquidSwap, USDY is set to redefine how stablecoins function by offering an attractive yield alongside traditional financial protections.

USDY, renowned for its underlying security backed by U.S. Treasuries, provides a yield of 5.3% APY. This launch not only diversifies the stablecoin options within the Aptos ecosystem but also brings institutional-grade asset security to a broader audience, including global non-US investors. 

This strategic deployment on Aptos underscores both Ondo’s and Aptos’ commitment to pioneering the tokenization of real-world assets (RWAs) on a platform celebrated for its scalability, security, and user-centric design.

👏 The @OndoFinance Aptos integration embodies the network’s institutional-grade, high-performance capacity as the premier DeFi platform.Day 1 partners like @AriesMarkets, @ThalaLabs, @PontemNetwork’s LiquidSwap, @PetraWallet and Pontem Wallet, make access easier than ever 👀👇 https://t.co/T2AiHoBj8Q

— Aptos (@Aptos) July 31, 2024

Deepening Integration in Aptos’s DeFi Ecosystem

The incorporation of USDY into Aptos’s flourishing DeFi scene is a game-changer. With USDY now live across prominent DeFi protocols—collectively managing over $250 million in total value locked (TVL)—the token is poised to enhance liquidity pools, serve as robust collateral for loans, and underpin various financial instruments like Collateralized Debt Positions (CDPs) and derivatives. 

This broad utility makes USDY a cornerstone asset in fostering a stable, yet dynamic economic environment on Aptos. For users and developers on Aptos, USDY offers a reliable and secure digital asset that mitigates volatility through its dependable yield, backed by one of the safest asset classes globally—U.S. Treasuries. 

Nathan Allman, the Founder & CEO of Ondo Finance, emphasized that the introduction of USDY aligns with their strategic vision to merge the benefits of traditional finance with the flexibility and innovation of DeFi. 

Jerome Ong, APAC Ecosystems Lead at the Aptos Foundation, also highlighted that this integration cements Aptos’s status as a leading platform for high-performance DeFi applications, offering a substantial influx of secure, treasury-backed liquidity to the global crypto market.

Dogwifhat’s notable price gains and Dogecoin’s burgeoning investors’ interest underscore the rapid evolution of digital currencies. Dogwifhat has seen significant upward momentum, capturing the attention of market watchers, while Dogecoin investors remain active, spurred by increased large-scale transactions and persistent market activity.

However, it’s BlockDAG (BDAG) that is currently stealing the spotlight. The project has announced a partnership with UFC champion Alex Pereira solidifying its reputation as the most popular cryptocurrency. As BlockDAG’s presale, now in its 21st batch with $63.9 million raised and 12.5 billion coins sold, DogWifHat and Dogecoin investors have streamed into the presale seeing BDAG massive potential.

Analyzing Dogwifhat Price Gain Amidst Market Variability

Dogwifhat price gain has become a notable metric as meme coins continue to attract the attention of large investors during market fluctuations. The increase in transaction volumes for Dogwifhat indicates sustained interest from high-value investors.

This activity occurs against a backdrop of cautious overall market trends, which could suggest a potential for gradual price movements. Despite relatively stable market prices, Dogwifhat consistently attracts significant investments, which could indicate a steady growth trajectory. As market conditions evolve, the sustained interest in Dogwifhat price gain highlights its stability and potential for steady appreciation.

Rising Whale Activity Engages Dogecoin Investors

Dogecoin investors are seeing increased activity as the cryptocurrency attracts attention with a significant rise in large-scale transactions, despite a pullback in the broader market. Recent data reveals a 49.78% increase in high-value transaction volumes for Dogecoin, reflecting robust interest from major players.

However, daily active addresses have dipped slightly. This surge in whale transactions suggests that while market sentiment remains cautious, Dogecoin investors are actively positioning for potential gains. Despite the market’s challenges, many of Dogecoin holders remain profitable, underscoring sustained optimism among Dogecoin investors.

BlockDAG’s Team Reveal & Crypto Card Excite Investors

BlockDAG has made news with its partnership with UFC champion Alex Pereira. The deal would see Pereira become BlockDAG’s brand ambassador and take the project across to an even wider audience. The announcement has treated with much fanfare in the community and has buoyed the presale to $69.3 million. 

Another factor behind the presale surge is BlockDAG’s crypto payment card, a notable advancement facilitating easy transactions with BDAG and other cryptocurrencies at over 38 million merchants worldwide, without the need for transaction approvals or extensive KYC processes. 

With $63.9 million already raised and 12.5 billion coins sold in Batch 21, the presale and the technological prospects, especially the user-friendly crypto payment card, are set to position BlockDAG as a leader in the crypto space. This sequence of events marks an exciting phase in BlockDAG’s trajectory, heralding a new era of accessibility and technological prowess in cryptocurrency.

Conclusion

The cryptocurrency market continues to evolve with notable developments in Dogwifhat and Dogecoin. Dogwifhat’s significant price gains and Dogecoin’s heightened investors’ interest highlight their growing influence. However, BlockDAG stands out with partnership with UFC champion Alex Pereira and the innovative crypto payment card. With $63.9 million raised and 12.5 billion coins sold in its 21st presale batch, BlockDAG is cementing its status as the most popular cryptocurrency, promising a transformative future for its investors and enthusiasts.

Join BlockDAG Presale Now:

Website: https://blockdag.network

Presale: https://purchase.blockdag.network

Telegram: https://t.me/blockDAGnetworkOfficial

Discord: https://discord.gg/Q7BxghMVyu

Bitcoin’s recent market activity suggests a significant uptick in utility and circulation. As the price hovers just north of $66,000, the number of unique tokens transferred between wallets has notably increased. On a single day, 244,000 BTC circulated, the highest since March 5th, signaling a potential return to the activity levels observed during the bull run in Q1.

📊 As Bitcoin ranges just north of $66K, take note of the rising level of unique tokens being transferred between wallets. 244K BTC circulating in a single day was the most since March 5th. Utility is gradually returning back to levels last seen during the bull run in Q1. 👀 pic.twitter.com/uaze6557DE

— Santiment (@santimentfeed) July 31, 2024

The surge in unique token transfers and high BTC circulation are strong indicators of renewed market activity and utility. This increase in movement suggests that Bitcoin is not just being held but actively used, reflecting a vibrant and engaged market.

Echoes of the Q1 Bull Run

This recent rise in activity mirrors the vibrancy of the Q1 bull run. If this momentum continues, it could signal a significant shift in the market. The metrics indicating high transfer volumes and circulation levels are reminiscent of earlier substantial market gains.

Fascinating observation! The surge in unique token transfers and the high BTC circulation are strong indicators of renewed market activity and utility. It’s intriguing to see these metrics echo the vibrancy of the Q1 bull run. If this momentum continues, we could be on the brink…

— Crypto Professor X (@CryptProfessorX) July 31, 2024

The crypto community closely monitors these trends as Bitcoin continues to range above $66,000. If the current momentum is sustained, the increase in token transfers and BTC circulation could foreshadow a major market shift. Investors and analysts alike are advised to monitor these developing trends closely.

The investment world witnessed a significant milestone today with the launch of the Grayscale Bitcoin Mini Trust (Ticker: BTC) on NYSE Arca. At 4:00 AM ET, the trust began its journey as a spot Bitcoin Exchange-Traded Product (ETP), marking a new era for cryptocurrency investments. 

Managed by Grayscale Investments, the world’s preeminent crypto asset manager known for its broad array of investment products, the Bitcoin Mini Trust aims to offer investors refined exposure to Bitcoin through an innovative structure that differs fundamentally from traditional mutual funds and ETFs.

Grayscale’s Bitcoin Mini Trust does not fall under the Investment Company Act of 1940, which governs most mutual funds and ETFs, offering a unique investment vehicle outside of conventional regulatory frameworks. 

This freedom allows for potentially higher risk and reward, reflecting the inherent volatility and growth potential of the crypto market. Potential investors are advised of the significant risk, including the possible loss of principal, highlighting the need for due diligence and possibly, consultation with a financial advisor.

Grayscale is excited to announce the launch of Grayscale Bitcoin Mini Trust, ticker: $BTC. BTC comes to market as a spin-off of our flagship fund $GBTC, and at the ultra-low cost of 0.15%. pic.twitter.com/nOrdAPCKTj

— Grayscale (@Grayscale) July 31, 2024

Investment Innovation and Strategic Vision

Grayscale’s strategic launch of BTC represents not just an expansion of its product offerings but also a continuation of its pioneering ethos. BTC launched as the market’s lowest fee spot Bitcoin ETP, distributing 10% of GBTC’s underlying Bitcoin directly to BTC shareholders. 

This distribution mechanism, described as a “spin-off,” began with BTC’s Net Asset Value per share at $5.84, attracting a diversified investor base and managing assets totaling $1.7 billion as of its launch date. Notably, this event has been structured to avoid being a taxable action for both GBTC and its shareholders.

David LaValle, Senior Managing Director and Head of ETFs at Grayscale, expressed enthusiasm about the trust’s launch, emphasizing Grayscale’s commitment to lowering the barriers to Bitcoin investment through regulated avenues.

LaValle’s statement underscores a decade-long dedication to innovation and investor service, mirroring Grayscale’s broader mission to bridge traditional finance with the burgeoning field of digital assets.

Under the leadership of John Hoffman, Managing Director and Head of Distribution & Strategic Partnerships, Grayscale leverages its extensive experience with the GBTC to introduce this novel ‘mini’ Bitcoin ETP.

 Hoffman highlighted that the BTC offers built-in liquidity, a broad shareholder base, and an accessible share price, making it an attractive option for those seeking cost-effective, long-term exposure to Bitcoin.

Initial sales offer buyers an early shot at potentially lucrative gains. This phase is pivotal, charting the coin’s unpredictable trajectory. Pepe Unchained initiated with astounding figures, and Doge2014’s beginnings reflect Dogecoin’s initial surge, intending to rectify earlier errors and swiftly gather $108,000.

In contrast, MOONHOP elevated its backers from shadows to stardust, amassing $1 million in nearly two phases! Flaunting top-tier security with Coinsult, MOONHOP bounds to greater heights, establishing a new plush benchmark for meme coins globally.

Pepe Unchained Initial Sale

The Pepe Unchained initial sale is generating significant buzz, clearly for good reason. Pepe Unchained ($PEPU) stems from the Pepe the tearful meme but is enhanced with its unique blockchain, akin to upgrading the classic meme with second-layer solutions. Investors are flocking, driving the initial sale beyond $4 million. Thus, could PEPE Unchained surpass its unpredictable forerunner?

It possesses the requisite meme allure and community enthusiasm, yet meme coins are notorious for their volatility. The pressing question remains if PEPE Unchained can achieve greater stability than its forerunner. Nonetheless, the excitement surrounding the Pepe Unchained initial sale is considerable, portraying it as a caped crusader of meme coins. 

The Origin Story of Doge2014’s Initial Sale

Doge2014 is another meme coin deriving from a prior meme coin—akin to a crypto rendition of ‘Tropic Thunder.’ Doge2014 revives the communal ethos of Dogecoin but seeks to amend its limitations. Operating on the Ethereum blockchain, Doge2014 enables staking, with a remarkable 12,000% annual yield, addressing critiques regarding Dogecoin’s practical utility. Everyone is hopeful that history won’t echo itself.

Doge2014’s initial sale accumulated $108,000 with a unit price of $0.0000276. It aims to draw attention and enhance liquidity via listings on principal exchanges. However, its reliance on its precursor’s legacy is a mixed blessing. Although it offers additional rewards and functionalities, the excitement surrounding Dogecoin remains uncertain. 

MOONHOP’s Astronomical Ascent with Adorable Success

Unlike those melancholic frog or defunct dog meme coins, MOONHOP embodies lively, fluffy profit-making fun. Collaborating with Coinsult, MOONHOP guarantees burrow-robust security, allowing everyone to sleep soundly with protected assets. 

MOONHOP is soaring to new elevations, swiftly raising close to $1 million! This achievement has ignited a frenzy among meme coin aficionados, all eager for a segment of the fortunate rabbit’s charm. 

The presale is organized into 50 phases, with MOONHOP issuing 8 billion coins, 4 billion reserved for the initial sale, presently priced at $0.014 each and set to debut at $0.50. The earliest supporters in The Fluffle reap the richest rewards! This phased strategy benefits early participants with progressive price increases.

MOONHOP isn’t merely a meme coin; it’s a vibrant haven where all can flourish. With robust token economics and an enticing roadmap, this coin is poised to lead the meme coin market. 

Final Call

The meme coin market is now populated with noisy dogs, weepy frogs, and bounding rabbits; each bringing distinct pleasure and profits to investors. As Pepe Unchained strides from the shadows of Pepe with its distinct blockchain, and Doge2014 attempts to rectify Dogecoin’s faults, MOONHOP impressively garnered $1 million in under two phases. Early buyers eagerly opened their wallets and chased the fluffy bunny into safe havens, all the way to lunar heights.

Join Moonhop Presale Now:

Website: Moonhop.io

Presale: https://moonhop.io/buy

Twitter: https://twitter.com/Moonhopcoin

Telegram: https://t.me/moonhopcoin 

SoonVerse has announced a new partnership with Arris. Arris is an on-chain interactive aggregate growth platform with boosters. This collaboration aims to enhance the user experience. In addition to this, this partnership will also offer new earning opportunities for the SoonVerse community.

𝐖𝐞'𝐯𝐞 𝐩𝐚𝐫𝐭𝐧𝐞𝐫𝐞𝐝 𝐰𝐢𝐭𝐡 𝐀𝐫𝐫𝐢𝐬 🎉✔️Let's welcome On-Chain Interactive Aggregate Growth Platform with Boosters, @Arris_io!With Arris AI and the OiEarn model, users enjoy enhanced earning potential through transaction volume and task completion.✨… pic.twitter.com/1Zlm58gOKA

— SoonVerse❤️AIGG (@soon_verse) July 31, 2024

AI and OiEarn Features Make Arris Popular Among SoonVerse Users

The features that have made Arris popular are AI and OiEarn, which ensure users have more possibilities for gaining more money by executing transactions and completing tasks. It is predicted that this partnership will open a huge advantage for the SoonVerse ecosystem.

This is one of the innovations that the SoonVerse community will be able to enjoy interacting with the Web3 ecosystem without complications. From the users’ perspective they are going to receive even better possibilities to interact with Airdrop project and engage in various activities within the sphere of blockchain.

Furthermore, through AI-driven project evaluation, users will be able to determine the best earning potential possibilities in the case of a global newcomer like Arris. This means that users have access to information to make more intelligent decision on what projects to participate in and increase their incomes.

SoonVerse and Arris Partnership Offers Multiple Advantages for Users

Another factor of this partnership is the OiEarn model, which enables subscribers to accumulate points based on the number of their transactions. This model is intended to foster rigorous usage and offer users with more opportunities to receive their respective incentives.

Lastly, the collaboration between SoonVerse and Arris is expected to introduce a bulk of advantages for SoonVerse users. In this way, SoonVerse can improve the result for its users through innovative technology of Arris. This collaboration is a significant development in the growth of the SoonVerse platform.

Recent data has pointed to an intriguing trend in the behavior of Bitcoin holders, specifically concerning the movement of coins away from exchanges.

Increasing withdrawal of #Bitcoin from exchanges“The increase in Bitcoin outflow can be a positive sign regarding the possibility of price increase and break-up of the fluctuation area in the future.” – By @CryptoOnchain Full post 👇https://t.co/IgbJPy2EzV pic.twitter.com/Cioymgn2Gf

— CryptoQuant.com (@cryptoquant_com) July 31, 2024

The Significance of Bitcoin Outflows

An uptick in Bitcoin withdrawals from exchanges has been noted in recent days, despite the cryptocurrency navigating through a particularly turbulent price range since February. 

According to a recent analysis shared on CryptoQuant’s QuickTake platform, this movement might signal a brewing optimism among investors. The post titled “Increasing withdrawal of Bitcoin from exchanges” suggests that these withdrawals could be indicative of a potential price increase, hinting at a forthcoming breakout from the ongoing price stagnation.

The data shows that even though Bitcoin has been locked in a fluctuation zone, the increased outflow from exchanges suggests that many investors are choosing to hold onto their Bitcoin rather than sell it on the open market. This trend is often interpreted as a bullish signal, as reduced supply on exchanges can lead to a price increase if demand remains constant or grows.

Despite the optimism derived from exchange outflows, the current market conditions for Bitcoin paint a somewhat subdued picture. As of the latest data, Bitcoin trades at $66,155, marking a 1% decline over the past 24 hours. 

This decrease in value aligns with a substantial $10 billion reduction in Bitcoin’s market capitalization during the same period. Additionally, trading volume has seen a significant downturn, further complicating the short-term outlook for the digital currency.

Among roughly 20,000 cryptocurrencies, guess how many dominate 90% of the market? Just 20%.

Why? It’s all about the brains behind the project. In a market where cryptos vanish before one can finish breakfast, only the extraordinary teams make it to the top.

BlockDAG’s success story proves this point. Led by CEO Antony Turner, a maestro in launching and steering tech ventures, the team includes a stellar Chief Security Officer and advisory board, all seasoned in cryptocurrencies.

Batch 1 investors have already seen a 1600% ROI. Currently, at $0.017, BlockDAG is projected to hit $1 per coin in 2024. Not surprisingly, this project saw explosions of big whale purchases at the time of writing this article. 

Let’s examine how BlockDAG’s leadership has driven its success, making it stand out in a fiercely competitive market.

The Team Reveal Everyone’s Been Waiting For Is Finally Here!

What BlockDAG has pulled off with its presale in such a short time is nothing short of miraculous. Let’s dive into who’s weaving this magic behind the curtain: 

The Big Boss: Antony Turner, CEO

Antony Turner, the visionary behind BlockDAG, boasts over two decades of experience in launching, steering, and successfully exiting tech ventures. As CEO of SPIRIT Blockchain Capital, Switzerland, and Co-Founder of Axona-Analytics, England, Turner’s smart-as-a-whip track record continues to propel BlockDAG to new heights.

In a recent interview, Turner revealed what sets BlockDAG apart: “Enhancing Proof of Work in BlockDAG involves addressing its current limitations while leveraging its strengths. 

By focusing on energy efficiency, decentralization, fairness, scalability, adaptive difficulty, and hybrid consensus models, we can create a more robust and sustainable blockchain ecosystem. 

These enhancements will not only improve the functionality and security of BlockDAG but also ensure it remains a leading platform in the evolving blockchain landscape. We’re basically Bitcoin on steroids, but low cost.”

The Security Sage: Youssef Khaoulaj, CSO

Youssef Khaoulaj, BlockDAG’s CSO, excels in smart contract auditing, Metaverse expertise, red team hacking, and bug hunting. He ensures system security and advises senior management, making him a vital asset.

The Wise Voices, aka, the Advisory Board 

Maurice Herlihy, a distinguished advisory board member of BlockDAG, holds an A.B. from Harvard and a Ph.D. from M.I.T. Currently the An Wang Professor at Brown University, he has received multiple prestigious awards, including the Dijkstra and Gödel Prizes. Steven Clarke-Martin, another advisory board member, is a seasoned technologist with expertise in enterprise, high-tech, and startups. 

Here’s Why BlockDAG Is the Future

In the competitive crypto market, BlockDAG stands out with its Directed Acyclic Graph (DAG) technology, enabling concurrent transaction processing and enhanced scalability. Unlike linear blockchains, BlockDAG’s architecture allows for simultaneous transactions, eliminating bottlenecks and boosting network performance with increased user activity.

BlockDAG achieves higher transaction throughput with its optimized Proof-of-Engagement consensus, ensuring a responsive user experience. Its efficient consensus mechanism offers almost instantaneous confirmation times, essential for time-sensitive applications.

Prioritizing privacy and security, BlockDAG ensures data integrity while minimizing energy consumption, positioning itself as a sustainable and forward-thinking leader in cryptocurrency solutions.

God Is In the Numbers: Analyzing BlockDAG’s Presale

BlockDAG’s presale milestones are nothing short of legendary. Raking in over $63.9 million in revenue and selling more than 12.5 billion coins, it’s clear they’re not just playing in the big leagues—they’re rewriting the rulebook. 

Starting at a humble $0.001 per coin in batch 1, the price has skyrocketed to $0.017 in batch 21, a jaw-dropping 1600% increase. It’s safe to say that anyone who got in early is probably feeling like a crypto genius right about now. BlockDAG isn’t just breaking records; it’s setting new standards in the crypto world. 

Looking ahead, the price of one BDAG is expected to reach $1 per coin in 2024, and BlockDAG is already super close to being one of the top 30 cryptos by market cap.

Not surprisingly, BlockDAG’s visionary leadership has truly unlocked wild demand for the coin, with its current batch experiencing massive whale purchases. 

To Sum it Up…

BlockDAG is not just another name in the crypto sphere; it’s a trailblazer, driven by a visionary team achieving phenomenal growth.

The numbers speak for themselves. Early investors have already reaped 1600% ROI, and the future looks even brighter as BlockDAG ascends towards becoming a top 30 crypto by market cap. Stay tuned as BlockDAG continues to set new benchmarks in innovation, scalability, and success.

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

As the crypto market finds its footing after the crash, prices are finally stabilizing, allowing meme coin presales to flourish. Dive into the buzz around MOONHOP (MHOP), Base Dawgz and PlayDoge’s presales, with PlayDoge bringing old-school gaming to Web3 and Base Dawgz soaring 40% from its launch. 

The presale setting the crypto world on fire is MOONHOP. With its ambitious roadmap promising massive ROI and strong plans to lead investors to the moon, this speedy bunny is making quick moves and capturing attention. Learn more about the bullish crypto coins 2024. 

Nostalgia Meets Crypto: The PlayDoge Presale Hits $6 Million

With the market seeing some serious gains—Bitcoin up by 11%, Ethereum by 13%, and XRP skyrocketing 40%—it’s no surprise that meme coins are also riding the wave, and Playdoge’s presale is riding this wave.  Meme coins like Floki, Pepe, and Dogwifhat have all seen impressive growth, with gains over 26% and 30%, respectively.

Enter PlayDoge ($PLAY), a new meme coin presale that’s captured everyone’s attention, hitting the $6 million mark. This coin isn’t just riding on DOGE’s fame; it’s blending the charm of 90s games with modern crypto. Imagine a nostalgic 8-bit game where players earn rewards while playing. Investors can grab $PLAY tokens with Ethereum, Tether, or even a bank card, making it super accessible. 

Base Dawgz Presale: Barking Up the Right Tree

The Base Dawgz Presale is creating a stir, raising $2.7 million so far. With its token priced at $0.006725, a 40% increase from its launch, investors are keen on this next big thing on the Base Chain, an Ethereum Layer 2 platform. 

The presale buzz, driven by multi-chain capabilities and political intrigue, hints at a promising future for $DAWGZ. This presale presents an interesting opportunity, leveraging the Base Chain’s growing popularity and aiming to be the top dog in the meme coin space. The Base Dawgz Presale combines unique features and strong support, making it a notable contender in the crypto world.

MOONHOP’s Roadmap to Shows a 100x ROI and liquidity Tool Plans

MOONHOP is bouncing onto the scene with its listing on a Decentralized Exchange (DEX), bringing along easy trading and high visibility. The secret sauce? A solid liquidity pool! Think of it as a treasure chest filled with tokens, ready for buyers and sellers, making trades smoother than a bunny’s fur. This setup not only stabilizes prices but also makes investors hop with joy.

A strong liquidity pool ensures MOONHOP’s trading is as smooth as a bunny’s fur, stabilizing prices and boosting investor confidence. Competitors without such robust infrastructure are left hopping in the dust. MOONHOP’s roadmap to the moon, supported by the enthusiastic Fluffle community, promises a potential 100x ROI. After raising $1 million in its first presale, it is jumping into its second presale stage pricing at $0.014, MOONHOP’s journey to the moon is set to be a wild ride. Keep an eye on this fluffy coin as it aims for the stars and beyond!

Parting Thoughts

MOONHOP is bouncing ahead with its rock-solid liquidity pool and a roadmap that’s pure gold, aiming for that 100x ROI. While Base Dawgz shows impressive growth with a 40% jump and PlayDoge brings retro gaming to Web3, MOONHOP steals the spotlight. Its robust plans, strategic moves, and the energetic Fluffle community make it a standout. These presales are all about exciting potential, but MOONHOP’s strong features truly set it apart as the top dog… or should we say, top bunny in the meme coin world making it the most bullish crypto coin in  2024!

Join Moonhop Presale Now:

Website: Moonhop.io

Presale: https://moonhop.io/buy

Twitter: https://twitter.com/Moonhopcoin

Telegram: https://t.me/moonhopcoin

BlockDAG Network, a revolutionary Layer 1 blockchain, is redefining the boundaries of speed, security, and decentralization in the crypto world. Leveraging a unique Directed Acyclic Graph (DAG) structure, BlockDAG stands out by addressing the limitations of traditional blockchains like Bitcoin and Ethereum. With a firm commitment to innovation, BlockDAG is set to lead the next wave of blockchain advancements.

The vision behind BlockDAG is to create a blockchain that not only matches but exceeds the capabilities of existing chains in terms of speed, decentralization, and efficiency. “We aim to advance blockchain technology for the benefit of all people,” says Antony Turner, CEO of BlockDAG. This vision is reflected in their ambitious goal to achieve over 100 blocks per second, a significant leap from the current capability of 10 blocks per second.

Innovative Technology

BlockDAG’s innovative approach lies in its hybrid consensus mechanism, which combines the robustness of Proof of Work (PoW) with the scalability of DAG technology. This hybrid model allows parallel execution of transactions, unlike the linear execution seen in traditional blockchains, thus significantly enhancing throughput and reducing latency.

“Bitcoin is the gold standard, but it’s slow and expensive for most real-world applications,” explains Turner. “The DAG structure allows us to execute transactions in parallel, making BlockDAG a superior solution.”

The Team Behind the Vision

The success of BlockDAG can be attributed to its exceptional team, led by Antony Turner, a seasoned entrepreneur with over 20 years of experience in the technology sector. Turner’s extensive background includes pivotal roles such as Chief Operating Officer at Robin Hood in South Africa and SPIRIT Blockchain Capital Inc. in Switzerland. His entrepreneurial journey began with the co-founding of SwissOne Capital, a crypto index fund, during the crypto winter of 2019.

“I believe one learns as much from failing as succeeding, but more importantly, from failure, one learns to persevere,” says Turner, emphasizing the resilience that defines the BlockDAG team.

Security and Sustainability

At the heart of BlockDAG’s mission is a commitment to security and sustainability. Youssef Khaoulaj, the Chief Security Officer, brings his expertise as a Smart Contract Auditor, Certified Metaverse Expert, Red Team Hacker, and blockchain trainer. Under his guidance, BlockDAG has implemented robust security measures to protect the network from threats and ensure the integrity of transactions.

“Security is not just a feature; it’s a fundamental aspect of our network,” says Khaoulaj. “We are dedicated to achieving system security objectives and aligning our measures with BlockDAG’s overarching goals.”

BlockDAG’s advisory board is a testament to its commitment to excellence. Steven Clarke-Martin, a technologist with a wealth of experience in enterprise and startup environments, and Maurice Herlihy, a distinguished computer science professor with numerous prestigious awards, provide strategic guidance. Their combined expertise in blockchain technology and decentralized autonomous organizations (DAOs) ensures that BlockDAG remains at the forefront of innovation.

Community Engagement

Community feedback is crucial to the development of BlockDAG. The network has garnered massive support, with over 92,000 people from more than 30 countries participating in its coin presale. This widespread engagement underscores the global reach and potential of BlockDAG.

“We’re amazed, encouraged, and thankful for the massive support we’ve had since launching our token presale,” Turner shares. “More than $60 million has been contributed to the BlockDAG ecosystem.”

BlockDAG’s roadmap includes several exciting milestones. In the short term, the network aims to complete its coin presale, launch on the mainnet, and list on multiple exchanges. Long-term goals include fostering third-party development on the chain, building an active community of developers and supporters, and establishing a foundation to manage presale proceeds for the community’s benefit.

“We want to create a sustainable ecosystem that incentivizes builders and supports the future growth of the community,” says Turner.

BlockDAG’s Explosive Potential 

BlockDAG is not just another blockchain project; it is a visionary endeavor set to transform the industry. With its cutting-edge technology, dedicated team, and strong community support, BlockDAG is poised to lead the future of blockchain innovation.

 As Turner aptly puts it, “We’re basically Bitcoin on steroids, but low cost.” This bold approach, combined with a commitment to excellence and sustainability, ensures that BlockDAG will continue to push the frontiers of blockchain technology.

Join BlockDAG Presale Now:

Website: https://blockdag.network

Presale: https://purchase.blockdag.network

Telegram: https://t.me/blockDAGnetworkOfficial

Discord: https://discord.gg/Q7BxghMVyu

According to IntoTheBlock, Lido leads the liquid staking market. It has over 9.8 million staked Ethereum (ETH). The amount is staked by 319,819 unique addresses.

Lido continues to dominate the liquid staking token (LST) market, with $stETH representing a substantial share of the total staked ETH. Over 9.8 million $ETH are currently staked through Lido, held by 319,819 unique addresses. pic.twitter.com/ZflLVl96NW

— IntoTheBlock (@intotheblock) July 30, 2024

Lido (LDO) is a liquid staking solution for proof-of-stake cryptocurrencies. It supports post-Ethereum Merge consensus layer (formerly Ethereum 2.0) staking and other layer-1 PoS blockchains like Polygon, Kusama, Solana, and Polkadot. Lido makes staking on Ethereum more accessible by allowing users to stake fractions of Ether to earn block rewards.

More About the Liquid Staking

One way liquid staking services like Lido encourage new users to participate in securing proof-of-stake networks like their own is by allowing customers to stake any number of proof-of-stake assets in exchange for block rewards. Through such a mechanism, the network can distribute users’ staked assets across multiple validators, eliminating risks associated with a single point of failure and single validator staking. 

stETH is the largest asset staked through Liquid Staking Tokens (LSTs), followed by rETH and cbETH. The amount of stETH staked is 80% more than that of other assets. One of the main reasons users choose Lido for Ethereum staking is the lower barrier to entry and great convenience. Users can stake any amount of ETH with Lido without meeting the minimum staking requirement (32 ETH) required to run an independent validator node.

The AI crypto market is losing steam due to the underperformance of notable cryptos in July. Investor confidence, a pivotal driver for bull rallies, has waned in the AI cryptos, leading to a decline of over 4% in the market’s value. Notably, Render (RNDR) and Bittensor (TAO) have declined significantly, with price drops displayed on the weekly and intraday charts. 

Contrarily, an emerging AI-powered marketplace DTX Exchange (DTX) has grabbed a massive $100,000 in the past 2 days amid a successful batch 2 presale. The project grabs eyeballs due to its industry-relevant features, global scope, and cutting-edge technology to transform conventional trading schemas, surpassing the potential of Render (RNDR) and Bittensor (TAO).

Render (RNDR) Price Plummets 14% Amidst Sell-Offs

Render (RNDR) is one of the largest AI cryptos with the capacity to lead bull runs for the broader AI sectors. After the rebranding, Render (RNDR) has faced high market volatility and surging selling pressures. RNDR whales are dumping massive amounts following lower traffic and a 14% monthly decline in the price. 

Moreover, IntoTheBlock data indicated a significant drop in daily active and new addresses last week. Technical indicators suggest a bearish turnover for the Render (RNDR) token and investing big in the AI crypto can result in significant losses. The price of Render (RNDR) can break the $6 support level and retrace to the $5.6 support level if bulls fail to regain control. 

Bittensor (TAO) Battles Bears: $300 Support Level is Next 

Bittensor (TAO) is another top open-source protocol for blockchain-based machine learning networks with a $2 billion market cap. Bittensor (TAO) has disappointed investors with a prolonged bearish movement, displaying a 4.7% decline on the intraday chart and high market volatility as investors sell Bittensor (TAO) tokens to mitigate losses.  

Bittensor (TAO) has tried to test the $330 resistance in the past few days, though failing to sustain due to immediate bears and FUD. Analysts suggest caution to investors as Bittensor (TAO) is still under notable bears and the price momentum can lag, triggering a significant price downtrend toward the $300 support level in the upcoming days. 

DTX Exchange Sets New Standards With 1000x Leverage 

Among the emerging marketplaces set to transform the trading schemas in 2024 is DTX Exchange (DTX). This new hybrid trading platform has grabbed significant market traction with its 1000x leverage feature that empowers traders to gain higher market positions without loans or committing their own money to maximize profits. 

Among the best features include the platform’s security protocols and the hybrid passive income model through distributive liquidity pools and staking, letting users engage in secure and seamless trading. DTX Exchange offers non-custodial wallets to mitigate the risks of any potential security breach and let users maintain full control of their private keys and digital assets. 

With over $1.1 million raised in batch 2 of the public presale, the DTX Exchange is poised to be a game-changer in the AI sector due to its AI-backed technologies and advanced automation strategies for traders of all levels. DTX tokens priced at $0.04 are ready for a bullish rally beyond $1 once the presale ends, promising 100x returns to early buyers.  

DTX Exchange Reshapes TradFi Sector With AI-Driven Platform

To compete with giant projects like Render (RNDR) and Bittensor (TAO), DTX Exchange leverages an evolving sector where the use cases of artificial intelligence are still not applied to their full potential. 

DTX Exchange provides a unique value proposition to retail and institutional traders, allowing them access to AI-backed advanced automated trading with algorithmic and quantitative trading approaches. Joining the presale of the next biggest AI-powered marketplace is the best decision to make right now. 

Learn more: 

Visit DTX Presale

Join The DTX Community 

The Metaplex Foundation has unveiled a strategic deployment of its product suite on Sonic SVM, marking the first gaming Layer 2 (L2) solution on Solana. This move will allow game developers to leverage the advanced innovations that have positioned Metaplex as a leader in the digital asset protocol space on Solana.

In a groundbreaking collaboration, Metaplex will deploy its on-chain programs and developer tools on the Sonic SVM chain. This joint initiative represents a significant milestone as it marks the first instance of Metaplex deploying its products beyond the Solana mainnet. The collaboration aims to foster the development of exceptional gaming experiences on the SVM chain.

Metaplex Foundation Director Stephen Hess said: “Together with Sonic, we’re taking a significant step forward in delivering more performant and secure infrastructure for digital asset creators and developers. Metaplex developers can now build powerful applications that are fully compatible with Solana while benefiting from the advantages of the dedicated Sonic SVM L2.”

A New Era for Gaming on Solana

Popular Metaplex programs such as Token Metadata, Candy Machine, Bubblegum, along with new standards like Core and MPL-404, will now be accessible on Sonic SVM’s devnet, testnet, and mainnet. This expanded availability is poised to enhance the capabilities and reach of game developers within the Solana ecosystem.

Chris Zhu, CEO of Sonic SVM, said: “We have developed the HyperGrid Framework with a multi-SVM ecosystem in mind that runs on top of Solana. We’re very excited to work with Metaplex on developing new and innovative technologies that will be used not only within our ecosystem, but across all other SVMs.”

The participation of Metaplex in the Sonic SVM testnet is expected to significantly expand Sonic’s ecosystem and improve the developer experience for those looking to launch decentralized applications (dApps) on new SVMs. This initiative will lay a robust foundation for the anticipated launch of the Sonic SVM mainnet, ushering in a new era of scalable Web3 gaming.

Zhu further added, “The Metaplex team has proven its capability with its previous work developing the infrastructure that underpins digital assets on Solana and we are looking forward to powering the next generation of Web3 games together, starting with Sonic.”

Metaplex is renowned for being at the forefront of blockchain technology, providing a leading platform for creators, developers, and businesses to build decentralized applications on Solana and the SVM. Known for powering digital assets, including NFTs, fungible tokens, RWAs, and gaming assets, Metaplex stands as one of the most widely utilized blockchain protocols and developer platforms, boasting over 550 million assets minted across 55 million unique wallets.

Sonic, built on the HyperGrid framework, is a pioneering gaming L2 solution designed to introduce customizability and scalability while maintaining native composability with Solana. As the first atomic SVM chain, Sonic is engineered to enable sovereign game economies on Solana, facilitating seamless roll-up and settlement on the Solana network.

The collaboration between Metaplex and Sonic SVM signifies a monumental step forward in the blockchain gaming sector. By combining Metaplex’s robust digital asset infrastructure with Sonic’s innovative L2 solutions, the partnership is set to revolutionize the development and deployment of Web3 games, providing developers with the tools and support needed to create next-generation gaming experiences on Solana.

Maker is showing signs of recovery after finding temporal support at $2,557, with many eyeing the Maker price prediction for a potential breakout. Meanwhile, Toncoin is gaining attention, with the latest Toncoin price forecast indicating that it might be a great buying opportunity.

However, one of the top cryptos to explode in 2024 is BlockDAG (BDAG). Led by a team with prestigious educational backgrounds from institutions such as MIT and Harvard, BlockDAG is showcasing groundbreaking innovations. Backed by $63.9M raised by the 21st presale batch, BlockDAG’s appeal is palpable. Using an enhanced Proof of Work consensus mechanism, BlockDAG promises greater efficiency and scalability, making it a strong candidate for the next crypto to explode in 2024.

Maker Price Prediction: Will Support Hold Firm?

Maker is currently experiencing a downturn after rejecting a key level two weeks ago, but it has found temporal support and is gaining traction. After three months of decline, Maker reached $2,500 before rolling back to $2,000 last month. It then reestablished support, peaking at $3,120, but recently dipped to $2,557.

If this new support holds, it could lead to significant gains. The crucial resistance levels are at $2,800, $2,930, and $3,120, with potential support at $2,355, $2,200, and $2,000. The overall Maker price prediction remains bearish, but a close above the current support could shift the outlook.

Toncoin Price Forecast: Is TON Undervalued?

Toncoin seems to be one of the best-performing cryptocurrencies currently. At present, it has surged notably year-to-date, rising from $2 to over $8, surpassing Bitcoin’s increase. Despite its impressive gains, the Toncoin price forecast indicates potential further losses, as TON is currently struggling to maintain the $7 level, risking an additional 15% loss.

The price chart shows weakness, with TON falling below key short-term support levels. Indicators like RSI and OBV also suggest bearish sentiments. Nevertheless, Santiment’s MVRV metric suggests that TON is undervalued, making it a potentially great buy, unlike the current bearish Toncoin price forecast.

BlockDAG’s Prestigious Alumni Team & PoW Innovation

BlockDAG, led by a team of distinguished alumni from M.I.T and Harvard, is making significant strides in the blockchain arena. The team includes Maurice Herlihy (MIT), Prof. Dr. Eng. Youssef Khaoulaj (Frankfurt School of Finance & Management), and Steven Clarke-Martin (Harvard Business School Online).

In a recent illuminating interview, the CEO Antony Turner, a seasoned Fintech & SaaS Executive, shared insights into the network’s pioneering innovations and ambitious strategies that set the stage for a blockchain revolution. BlockDAG’s reimagined Proof of Work (PoW) consensus mechanism is central to these advancements, which promises to redefine blockchain technology’s efficiency and scalability.

“Our enhanced PoW consensus is not just about maintaining the network’s security. it’s about revolutionizing how we think about blockchain energy consumption and transaction speed,” the CEO explained. Alongside these advancements, the success of BlockDAG’s presale, which recently reached Batch 21 with a remarkable $63.9 million raised, highlights the market’s confidence in our innovative approach. This mechanism aims to significantly reduce the energy required for mining operations while increasing transaction throughput, addressing key challenges in blockchain technology.

The innovative approach incorporates adaptive difficulty adjustments to ensure faster transaction validations without compromising the network’s security. This method allows BlockDAG to scale dynamically, accommodating fluctuations in network activity and ensuring consistent performance. Furthermore, by integrating elements of hybrid consensus models, BlockDAG enhances the decentralization and fairness of the mining process, making it more resistant to centralization by major mining pools.

These improvements are crucial as they provide a more sustainable and scalable framework, crucial for blockchain’s adoption in more energy-conscious and enterprise environments. “With these enhancements, we are setting a new standard for what blockchain technologies should achieve—greater efficiency, enhanced security, and true scalability,” the CEO stated.

Conclusion

With Maker showing signs of recovery after finding temporal support, many are eyeing the Maker price prediction for a potential surge. Similarly, Toncoin is gaining attention, with the latest Toncoin price forecast suggesting that now might be a good time to buy TON.

However, BlockDAG stands out as one of the top cryptos to explode in 2024. Led by a team with prestigious educational backgrounds from MIT and Harvard, BlockDAG is showcasing groundbreaking innovations. Backed by $63.9M raised in the 21st presale batch, BlockDAG’s appeal is palpable. Its enhanced Proof of Work consensus mechanism promises greater efficiency and scalability, making it a strong candidate for significant growth in the coming year.

Join BlockDAG Presale Now:

Website: https://blockdag.network

Presale: https://purchase.blockdag.network

Telegram: https://t.me/blockDAGnetworkOfficial

Discord: https://discord.gg/Q7BxghMVyu

Former president Donald Trump shocked everyone on Saturday by delivering a highly bullish speech at the Bitcoin 2024 conference in Nashville.

Meanwhile, as the dust settles from Trump’s comments, 99Bitcoins Token (99BTC) is making its own headlines.

And with just days left in its presale, interest in the project is skyrocketing.

Trump’s Comments Hint At New Era for Bitcoin & Crypto

Trump’s appearance at the Bitcoin 2024 conference this weekend has been a significant talking point.

The former president, once a critic of digital currencies, has done a complete 180 and declared his intention to make the U.S. a “Bitcoin superpower.”

Gone were the days of dismissing crypto entirely.

Instead, Trump promised to create a Bitcoin strategic reserve and make America the “crypto capital” of the world.

He even mentioned creating a crypto advisory council.

But Trump didn’t stop there.

He took aim at the current administration’s regulatory stance, vowing to sack Gary Gensler if he gets into office.

All of this is a clear reversal of Trump’s previous stance.

But it’s going down well with crypto investors, which helped Bitcoin tap $70,000 on Monday.

Although the coin has since pulled back, enthusiasm remains high.  

99Bitcoins Token Benefits from the Bullishness as Presale Nears Finish Line

99Bitcoins Token is benefiting from the excitement surrounding Trump’s comments.

This new Learn-to-Earn project is seeing a surge of interest as its presale enters the final few days.

It’s not hard to see why.

Trump’s endorsement of crypto has put a spotlight on education – something 99Bitcoins has been involved in since 2013.

With over a decade of crypto knowledge, 99Bitcoins is perfectly positioned to exploit this interest.

And the numbers speak for themselves.

The 99Bitcoins Token presale has already passed the $2.5 million mark, and with less than a week to go, FOMO is ramping up.

Early investors can buy 99BTC tokens for just $0.00116 each using ETH, BNB, USDT, or a credit/debit card.

But the clock is ticking.

On August 6th at 2pm UTC, the presale will end.

After that, on Thursday, August 8th, at 10am UTC, presale investors can claim their tokens – with a DEX listing at the same time.

Members of the 99Bitcoins Token Telegram channel are hyped about this listing.

Given the immense presale demand, there’s a genuine belief that 99BTC’s price could explode as soon as it hits the market.

Is Learn-to-Earn the Future of Crypto Education?

So, why all the buzz around 99Bitcoins Token?

It’s all down to the project’s Learn-to-Earn setup.

With Learn-to-Earn, investors can earn 99BTC tokens just by increasing their crypto knowledge.

Think of it like getting paid to study – the more you learn, the more you earn.

99BTC holders can hold, trade, or use them to access exclusive perks like VIP groups and trading signals.

There’s even a staking protocol for 99BTC.

Those who lock up their 99BTC tokens are looking at yields of over 670% per year, paid out on every Ethereum block.

According to 99Bitcoins Token’s whitepaper, the developers will use 14% of the 99BTC supply for staking rewards.

And they’ve also got their sights set on the future.

One of their more exciting plans is to transition 99BTC from an ERC-20 token to a BRC-20 token.

BRC-20 is an experimental token standard on the Bitcoin blockchain.

So, by making this switch, they aim to tap into the growing Bitcoin ecosystem and boost 99BTC’s utility.

Overall, in a market filled with meme coins and useless assets, 99Bitcoins Token is doing something different.

With Trump’s crypto bullishness, the project looks primed to capture even more attention as it prepares for its first DEX listing.

Visit 99Bitcoins Token Presale

Karak has expanded its vision of universal security by integrating Space and Time (SxT) as a zero-knowledge (ZK) coprocessor solution to power trustless slashing and rewards for Karak Distributed Secure Services (DSS). This integration marks a significant step forward in enhancing the security and efficiency of decentralized services on the Karak network.

Space and Time: The Verifiable Compute Layer

Space and Time is a verifiable compute layer that scales zero-knowledge proofs on a decentralized data warehouse, enabling trustless data processing for smart contracts, large language models (LLMs), and enterprises. By combining indexed blockchain data from major chains with offchain datasets, SxT ensures tamperproof computations at scale through its novel ZK-proof, Proof of SQL. This technology proves that query results are unmanipulated, providing a high level of security and reliability.

The Role of Space and Time in Karak DSS

A Distributed Secure Service on Karak leverages restaked assets as universal security for the services it provides. The DSS framework is flexible, extensible, and scalable, suitable for a wide range of applications, from basic utilities like calculators to sophisticated networks like DA marketplaces and ZK Coprocessors. As DSSs onboard, proving slashings on-chain becomes crucial. Space and Time’s integration allows for slashing logic to be defined more quickly, facilitating faster development and deployment of DSSs.

Space and Time is also building a DSS for its blockchain indexing service, enabling community members to run indexing nodes within the SxT network. This is particularly beneficial for decentralized data indexing, which demands the highest levels of security, incentive alignment, and decentralization. The strategic integration of Space and Time with Karak accelerates the vision of universal security and extends SxT’s capabilities to indexing data for other DSSs.

Decentralized Verifiable Compute Network

The Space and Time network allows any smart contract to retrieve and validate blockchain data across a wide range of major blockchains. Smart contracts can query blockchain data using SQL statements validated on-chain with ZK proofs, ensuring secure and reliable data processing.

Architecture and Flow

Karak slashing contract calls the Space and Time relayer contract with the desired SQL statement for verification.

Space and Time relayer contract emits an event containing the query job details.

Space and Time network operators, running ZK-compatible indexing nodes, detect the query job emission on the source chain.

After event validation, the Space and Time network routes the job to an available operator in the Space and Time prover network.

The operator executes the query, generates a ZK proof, and creates a cryptographic commitment on the queried data.

The operator sends these components back to the Space and Time relayer contract on the source chain via a relayed transaction.

The Space and Time relayer contract verifies the query result and delivers it to the original Karak slashing contract through a callback function.

Karak’s slashing contract uses the query result to determine how much to slash a certain DSS.

Participants

Relayer Contract: Receives SQL query requests, emits events for the Space and Time network, and verifies and delivers query results.

Space and Time Network (Operators): Indexes on-chain DSS activities (such as completed jobs) and monitors query job events, routing them to available prover operators within the Space and Time network.

Space and Time Network (Provers): Executes queries, generates ZK proofs, and sends results back to the relayer contract.

The Way Forward

Karak is built for developers by developers. Integrating Space and Time on Karak accelerates the vision of universal, verifiable security for every developer, everywhere. This integration simplifies the process of building secure and efficient DSSs, allowing developers to focus on innovation. If you are interested in building on the Space and Time DSS or are considering developing a DSS on Karak, please reach out.

Karak serves as the universal security layer, enabling the provision of universal security with any asset and unlocking new design spaces for developers to create innovative infrastructure systems securely and seamlessly.

Karak’s robust and secure trust networks significantly lower the barrier to securing new protocols, eliminating the need for protocols to incentivize their own validator sets with highly dilutive reward mechanisms, making the process of bootstrapping security more scalable, accessible, and affordable.

Space and Time stands as a trusted verifiable compute layer, ensuring tamperproof computations at scale and trusted by prominent financial institutions, enterprises, and Web3 applications. By integrating with Karak, Space and Time continues to push the boundaries of security and efficiency in the decentralized ecosystem.

Currently, Bitcoin dominance abbreviated as BTC dominance is among the most important indicators in the crypto market. It calculates the Bitcoin market capitalization against the entire crypto market capitalization. A lot of crypto investors and traders apply this in order to change their basic trading tactics and portfolio diversification. BTC dominance analysis can be useful in studying the overall market trend and making the right trading decisions.

What is BTC Dominance?

Bitcoin is the first and largest cryptocurrency by market capitalization. This crypto giant has always played a significant role in the crypto market. BTC dominance refers to Bitcoin’s share of the total cryptocurrency market value. It is calculated using the following formula:

Bitcoin dominance = Bitcoin market cap/ Total cryptocurrency market cap

Market capitalization is the total value of a particular asset. For Bitcoin, it is calculated by multiplying the current price of one Bitcoin by the total number of Bitcoins mined so far.

Factors Influencing BTC Dominance

Changing Trends

To begin with, the Bitcoin share was more than 90% due to the fact that only Bitcoin was widely recognizable. However, as more altcoins (alternative cryptocurrencies) started to be developed, the percentage of Bitcoin began to decline. To what extent do various altcoins have different purpose and utility including DeFi, gaming, and art? For instance, the expansion of Non-Fungible Tokens (NFTs) led to some shift of funds from Bitcoin to NFT-related tokens, which resulted in a decline in BTC’s share.

Bitcoin is rather one of the more stable and reliable forms of the cryptocurrency. Conversely, newer altcoins have large fluctuations between their prices and serve as having high profit for those who trade them. This shifting interest influences Bitcoin dominance because funds are taken to riskier altcoins.

Bull and Bear Markets

Another contributing factor is the emergence of stable coins, which are digital currency assets that are pegged to a stable asset to minimize their volatility in relation with BTC. Stablecoins are cash equivalents which are used by investors to preserve the value of their money particularly during bear market where prices are falling.

This movement also decreases the share of Bitcoin in the total capitalization of cryptocurrencies. On the other hand, in a bull market characterized by rising prices, traders may transfer value from stable coins back to Bitcoin or some other risky asset, thus bolstering the figure for BTC dominance. Butt the exact effect is highly sensitive to the general market setting.

On-Ramping through Stablecoins

Stablecoins serve as an entry point to trading cryptocurrencies since they are linked to real assets. As mentioned before, fiat-to-crypto exchanges, sometimes referred to as gateway exchanges, may offer fewer options in terms of cryptocurrencies. This implies that new funds coming to the market through stablecoins can reduce BTC dominance as the existing BTC supply is not directly impacted.

Arrival of New Coins

When new and popular altcoins are added to the market, the BTC dominance rate can decline rather fast. Bitcoin is against every other cryptocurrency, meaning when several successful altcoins are launched, it can bring bitcoin market share down for a while. But if either of these altcoins’ popularity decreases, the funds might return to Bitcoin and boost Bitcoin’s dominance again.

Using BTC Dominance in Trading

The Wyckoff Method

The Wyckoff Method was originally used in the early 1930s for the traditional financial markets but it can be adopted for the Bitcoin dominance. It is used by traders to determine market direction, establish approximate trend reversals, and time entries/ exits. According to Wyckoff, market behavior is organized into four phases. These phases include acquisition, mark-up, distribution, and markdown. Logically, the more traders know when and where money will be spent, the better their decisions can be.

Spotting Altcoin Season

Bitcoin dominance is known to drop when there are more altcoins in circulation in the market. If altcoins become popular and their total market cap surpasses that of Bitcoin, it is referred to as the “altcoin season.” From the Wyckoff perspective, the strategy of shifting from Bitcoin’s total market cap to altcoins can be predicted.

During altcoin season, traders should pay particular attention to the level of Bitcoin dominance as it usually declines. This enables them to rebalance their portfolios following the improved performance of altcoins in contrast to Bitcoin during this phase.

BTC Dominance and Bitcoin Price

Monitoring Bitcoin price along with BTC dominance can provide additional trading insights. Here are some scenarios:

If both BTC price and dominance are rising, it might indicate a Bitcoin bull market.

If BTC price is rising but dominance is declining, it might suggest an altcoin bull market.

If BTC price is falling but dominance is rising, it might indicate an altcoin bear market.

If both BTC price and dominance are declining, it might signal a bear trend for the entire crypto market.

While these scenarios are not guarantees, historical trends suggest a correlation between these factors.

Conclusion

BTC dominance is helpful to determine cycles and trends of the cryptocurrency market. It is used by traders and investors to make changes in their trading activities and investment plans respectively. Although it does not predict certain results, BTC dominance can offer essential knowledge for how the trends of the market will change. In addition, it allows traders to adjust their strategies more efficiently.

THORSwap, a decentralized exchange leveraging the THORChain network for cross-chain crypto swaps, has the launch of RUNEPool. The release of RUNEPool on THORSwap focuses on initiating an exclusive epoch of diversified yield in $RUNE. The platform revealed this development in a comprehensive article on the social media platform X.

📢@THORChain RUNEPool is officially live! 🏖️https://t.co/Bv9BdjJbc4 Deposit $RUNE to Earn $RUNE by providing liquidity paired with blue-chip asset pools. A New Era of Diversified $RUNE Yield awaits!🌱 Learn more 🧵👇 https://t.co/uYXakrAIYu pic.twitter.com/QIUfqp4Zzg

— THORSwap ⚡ #BetterThanCEX (@THORSwap) July 31, 2024

THORSwap Unveils RUNEPool for Enhanced $RUNE Yield

The company expressed enthusiasm for this initiative. It added that the development plays the role of an important landmark for the optimization of liquidity provision. In addition to this, it also contributes to yield generation for those holding $RUNE tokens. RUNEPool operates as THORChain’s strategic feature to improve the $RUNE liquidity. For this, it distributes deposits across diverse pools having Protocol Owned Liquidity.

The respective approach diversifies the risk along with maximizing yield potential. As per THORSwap, the users can deposit $RUNE coins into RUNEPool. Their distribution across several blue-chip asset pools is to occur afterward. These pools take into account USDT, USDC, DOGE, LTC, BCH, ATOM, AVAX, and the rest of the prominent assets. The respective diversification assists in reducing the influence of impermanent loss with the provision of a stable yield.

The New Feature Offers Boosted Yield Opportunity, Decreased Impermanent Loss, and More Liquidity

RUNEPool’s chief benefits for the Users Include improved yield opportunity, minimized impermanent loss, and leveraging Incentive Pendulum. Incentive Pendulum is a THORChain-based project that balances the economic state of the network. In this respect, it switches between bonding as well as liquidity positions according to the requirement. Initially, the feature offers a minimum deposit span of 90 days, based on the last deposit of the user.

However, the consumers can adjust the respective period via network parameters set by THORChain Node Operators. Moreover, the participants can generate yield from all the pools that are enabled in the network. THORSwap added that the platform will deduct a two percent fee from the withdrawal profit on RUNEPool.

However, the company will now charge any fee for deposits to the RUNEPool. The platform revealed that RUNEPool boosts the on-chain liquidity on THORChain. Furthermore, it also delivers improved POL functionality. THORSwap also asserted that this endeavor proves a landmark by providing a resilient solution for liquidity and exclusive yield opportunities for people holding $RUNE.

The bears are still in control in today’s session, as seen from the decrease in the global market cap. The total cap stood at $2.4T as of press time, representing a 2.88% decrease over the last 24 hours, while the trading volume jumped by 43% over the same period to stand at $78.6B as of press time. 

Bitcoin Price Review

Bitcoin, $BTC, has failed to post gains in today’s session, as seen from its price movements. According to an in-depth analysis, Bitcoin’s price is currently testing the middle Bollinger Band, which often acts as dynamic support or resistance. The upper and lower bands show a slight contraction, indicating reduced volatility.

On the other hand, the Relative Strength Index (RSI) is at 48.54, suggesting neutral momentum. Bitcoin traded at $66,344 as of press time, representing a 0.63% decrease over the last 24 hours.

4-hour BTC/USD Chart | Source: TradingView Ethereum Price Review

Ethereum, $ETH, has also failed to post gains in today’s session, as seen from its price movements. According to an in-depth analysis, the Alligator lines are intertwined, indicating a lack of a clear trend and potential consolidation. The recent Ethereum price movement is above the Alligator’s mouth, hinting at a possible bullish trend if the price maintains above these levels.

On the other hand, the Awesome Oscillator (AO) shows a histogram above the zero line, indicating bullish momentum. Ethereum traded at $3,322 as of press time, representing a 0.24% decrease over the last 24 hours.

4-hour ETH/USD Chart | Source: TradingView Ripple Price Review

Ripple, $XRP, is among the gainers in today’s session, as seen from the price movements. An in-depth analysis shows that the Supertrend is currently green, suggesting an uptrend. XRP is trading above the Supertrend support level of $0.5965.

On the other hand, the Commodity Channel Index (CCI) is at 140.7790, indicating an overbought condition. Ripple traded at $0.648 as of press time, representing an 8.3% increase over the last 24 hours.

4-hour XRP/USD Chart | Source: TradingView BOOK OF MEME Price Review

BOOK OF MEME $BOME is also among the gainers in today’s session. An in-depth analysis shows that the BOOK OF MEME price is currently within the Ichimoku Cloud, indicating indecision and potential consolidation. The future cloud is green, hinting at possible bullish momentum if the price breaks above the cloud.

On the other hand, the volume oscillator is at -8.02%, indicating a decrease in volume and a potential lack of strong buying interest. BOOK OF MEME traded at $0.01123 as of press time, representing a 6.7% increase over the last 24 hours.

4-hour BOME/USDT Chart | Source: TradingView Stellar Price Review

Stellar, $XLM, is also among the gainers in today’s session, as seen from the price movements. An in-depth analysis shows that the Stellar price is currently near the median line of the pitchfork, indicating a neutral position within the channel.

On the other hand, the ADX is at 18.34, indicating a weak trend. An ADX value below 20 typically suggests a lack of a strong trend, implying potential consolidation. Stellar traded at $0.105 as of press time, representing a 4.8% increase over the last 24 hours.

4-hour XLM/USDT Chart | Source: TradingView