VeChain surged 30%, validating bullish predictions and clearing key resistance levels.

Analysts’ forecasts come true as VeChain hits $0.027, showing strong upward momentum.

VeChain’s price rise aligns with bullish predictions, reaching key technical levels.

VeChain (VET) has risen by 30% in the past seven days and many analysts believe this is just the beginning of a significant price surge. Amid a bearish market, VET has shown remarkable resilience signaling high potential for more growth.

$Vet1st Resistance Has Already Cleared As Expected Now #Vet Approaching Towards Main Resistance Real Bullish Wave Will Start After Descending Channel Breakout #Crypto #VeChain https://t.co/Buvpedjv5G pic.twitter.com/iXVX2P3Ihw

— World Of Charts (@WorldOfCharts1) July 11, 2024

As we can see from the post above, World of Charts1 highlighted that VeChain had already cleared its first resistance at $0.019. The next key resistance level was identified at $0.027. 

According to this analysis, a real bullish wave would commence after a descending channel breakout on the weekly chart. This prediction has materialized as VeChain reached the $0.027 resistance level, indicating a strong upward momentum.

Additionally, another VET enthusiast provided an even more optimistic outlook by suggesting that there is no limit for VeChain. This analyst predicted that VeChain could reach $1 sooner than expected. 

$VET will pump like this There is No Limit for #VeChain. $1 is coming sooner then you think. Keep an eye out for a space announcing everything soon pic.twitter.com/2ZUH0KWmm9

— Crypto EA (@Crypto_Erdemm) July 11, 2024

While this target is ambitious, the recent price action supports the notion that VeChain is on a strong upward trajectory. The community is eagerly awaiting further announcements that could drive the price even higher.

Adding on, another renowned crypto analyst, has emphasized the technical and psychological importance of $0.02. Additionally, he believes that the presence of hidden bullish divergence on the weekly time frame suggests that the upward trend may continue.

The recent price movement of VeChain aligns well with these forecasts. The clearing of resistance levels and the bounce from key psychological points have all contributed to the bullish sentiment. 

The technical indicators, such as the hidden bullish divergence, further support the positive outlook. Looking ahead, the crypto community is optimistic about VeChain’s potential. 

VeChain’s recent price surge has validated the predictions made by various analysts. The clearing of resistance levels, the bounce from key points, and the presence of bullish indicators all point to a strong upward trend. 

Read Also 

2024 VeChain Price Forecast: VET to Break Through $0.1032

VeChain Set to Soar: Predicted to Break Through $0.783 in 2024

Latest VeChain Partnership Leads to Bullish VET Forecast, Is a Price Ascent Imminent?

VeChain (VET) Celebrates 1.1 Million Holders Amid Bullish Predictions

VeChain (VET) at a Key Support Level, Is it the Beginning of an Uptrend?

The post VeChain’s Steady 30% Pump Supports Analyst Expectations of $1 VET This Bull Run appeared first on Crypto News Land.

El Salvador has been buying 1 Bitcoin daily since 2022, despite initial losses from higher purchase prices.

Germany reduced Bitcoin holdings by 80%, contributing to recent market declines.

El Salvador mines Bitcoin using geothermal energy, showcasing innovative energy use in crypto mining.

El Salvador’s daily purchases of Bitcoin are in sharp contrast to Germany’s recent sale of its crypto holdings, indicating a major shift in global financial strategies. In a historic decision, El Salvador’s president Nayib Bukele declared the country will buy one Bitcoin per day in November 2022. At the time of the idea’s inception, Bitcoin’s price was around $44,300.

While Germany is selling their #Bitcoin, El Salvador is buying more Bitcoin every day pic.twitter.com/XKnscuxwBA

— Bitcoin Magazine (@BitcoinMagazine) July 11, 2024

Germany, which was formerly a major player in the cryptocurrency industry, has drastically decreased its Bitcoin reserves to roughly $582 million, an 80% drop from earlier levels. This shift has contributed to a 20% drop in Bitcoin’s market value over the last month, driving up selling pressure.

El Salvador has been using energy from the Tecapa volcano to mine nearly 500 BTC since 2021. The government has been using an isolated 102 MW power facility with a 1.5 MW allocation for cryptocurrency operations.

President Bukele continues to advocate for daily purchases of Bitcoin until its price reaches realistic levels for acquisition. He is firm in his commitment to increase El Salvador’s holdings of the coin.

The International Monetary Fund has warned about the potential economic threats to El Salvador that may result from increasing Bitcoin purchase. The IMF has warned that increased reliance on cryptocurrency may have an impact on the country’s economic stability and ability to manage debt, despite current indicators that its implications will be manageable.

As El Salvador navigates the crypto market, Germany’s strategic change highlights the greater uncertainty surrounding digital assets on a global basis. The different approaches taken by these two countries show how the crypto landscape is changing and how various stakeholders react towards cryptocurrencies in the larger financial system.

Read Also

El Salvador’s Green Bitcoin Initiative: Mining 474 BTC with Volcanic Power

Bitcoin Advocate Joana Cotar Challenges Germany’s Economic Strategy

Germany’s Top Savings Bank to Offer Bitcoin to Clients

El Salvador’s Bitcoin Now Secured in Cold Wallet and a Physical Vault

Another Massive Bitcoin Transfer From Germany’s Government Puts Crypto Traders and Investors on Edge

The post El Salvador Grows Bitcoin Vault Whilst Germany Continues Offloading Its BTC Reserves appeared first on Crypto News Land.

The House failed to override Biden’s veto on repealing SEC’s SAB 121 crypto policy, lacking the required two-thirds majority.

SAB 121 requires banks to record customers’ crypto assets on their balance sheets, raising concerns about higher capital demands.

A Government Accountability Office review found the SEC mishandled SAB 121, leading to congressional attempts to repeal it.

The U.S. House of Representatives recently failed to overturn President Joe Biden’s veto on the repeal of the SEC crypto accounting policy, known as SAB 121. Despite significant support, the effort did not achieve the necessary two-thirds majority, thus maintaining the veto.

𝗕𝗥𝗘𝗔𝗞𝗜𝗡𝗚: 𝗧𝗵𝗲 𝗛𝗼𝘂𝘀𝗲 𝘃𝗼𝘁𝗲 𝘁𝗼 𝗼𝘃𝗲𝗿𝗿𝗶𝗱𝗲 𝗕𝗶𝗱𝗲𝗻'𝘀 𝘃𝗲𝘁𝗼 𝗼𝗳 𝘁𝗵𝗲 𝗿𝗲𝗽𝗲𝗮𝗹 𝗼𝗳 #𝗦𝗔𝗕121 𝗵𝗮𝘀 𝗳𝗮𝗶𝗹𝗲𝗱 𝘁𝗼 𝗿𝗲𝗮𝗰𝗵 𝘁𝗵𝗲 2/3𝗿𝗱 𝗺𝗮𝗷𝗼𝗿𝗶𝘁𝘆. 𝗧𝗵𝗲 𝘃𝗲𝘁𝗼 𝗿𝗲𝗺𝗮𝗶𝗻𝘀 𝘀𝘂𝘀𝘁𝗮𝗶𝗻𝗲𝗱. #FireGaryGensler pic.twitter.com/0y1dioNzLk

— Subjective Views (@subjectiveviews) July 11, 2024

The attempt to override the veto saw bipartisan involvement, with 21 Democrats joining the majority of Republicans in support of repealing SAB 121 in May. However, the subsequent vote on Thursday mirrored earlier efforts, falling short of the needed majority. The final tally showed 228 lawmakers in favor and 184 against, with one Republican abstaining.

SAB 121 requires public companies, particularly banks, to record customers’ crypto assets on their balance sheets. This custody category has raised concerns within the banking sector due to potential higher capital demands. 

SEC Chair Gary Gensler has defended the policy as a necessary response to industry regulation crisis, citing instances where customers’ assets were locked during crypto company bankruptcy filings.

Kristin Smith, CEO of the Blockchain Association, expressed strong objection to the legislation, describing it as a punitive move targeting digital assets . Smith emphasized a bipartisan consensus that the SEC’s stance on digital assets is flawed.

Earlier this year, a Government Accountability Office review concluded that the SEC had mishandled the policy by treating it as guidance instead of a formal rule. This led Congress to vote for its repeal through the Congressional Review Act (CRA), only to face Biden’s veto. 

The President defended his veto by arguing that overturning SAB 121 would restrict the SEC’s ability to establish necessary regulations for future issues. He emphasized the importance of maintaining the agency’s capability to set appropriate guardrails.

In May, the House initially voted 228-182 to overturn the SEC policy, followed by the Senate with support from 11 Democrats joining all Republicans. Both chambers demonstrated a willingness to oppose Biden’s veto threat. 

The crypto industry’s lobbying efforts continue despite this setback. This week, key figures from the sector met with lawmakers and a White House representative to discuss their concerns. Crypto investors await to see the decisions that the white house will make going forward and their effect on the crypto market.

Read Also

House Reschedules SAB 121 Vote Amid Ongoing Debates

Crypto in Peril, U.S. House Expected to Uphold Biden Veto Preserving SEC Accounting Rule

Biden Poised to Veto H.J. Res. 109 over SEC Digital Asset Rules

Biden’s Veto on SAB 121: American Bankers Association Warns of Setback for Secure Crypto Custody

Biden’s Veto on SEC Crypto Rule Faces Second House Vote Next Week

The post House Vote Fails to Override Biden’s Veto on Crypto Accounting Policy Repeal appeared first on Crypto News Land.

Pro-XRP lawyer Fred Rispoli predicts a Ripple settlement by July 31, with a penalty up to $25 million and no disgorgement.

Judge Torres ruled Ripple’s sales to secondary platforms aren’t investment contracts, boosting XRP’s value and investor confidence.

The SEC’s adjusted penalty demand for Ripple is $102.6 million, much higher than Ripple’s suggested cap of $10 million.

The lawsuit between Ripple Labs and the SEC in the United States is getting closer to a settlement. The dispute, which began in December 2020, has gone through various paths of litigation. However, recent developments indicate that a settlement is forthcoming.

Pro-XRP lawyer Fred Rispoli recently outlined July 31 as a possible date for a resolution. Rispoli predicts the settlement could involve a penalty of no more than $25 million for Ripple, with no disgorgement required. 

He also suggested that any sales deemed illegal by the judge would be permanently enjoined, while new contracts referenced by Ripple would require further legal action if the SEC believed they violated the ruling.

Pro #XRP lawyer Fred Rispoli outlined July 31 as a possible date, predicting the resolution would include a penalty of no more than $25 million for @Ripple and $0 disgorgement!THE FINAL RULING pic.twitter.com/lab3R2lntK

— JackTheRippler © (@RippleXrpie) July 11, 2024

Last year, Judge Torres issued a historic decision, determining that Ripple’s sales to aftermarket trading platforms do not qualify as investment contract offers. This move triggered a large increase in XRP’s value, boosting investor confidence. 

Brad Garlinghouse, the CEO of Ripple, and other key executives were cleared of all allegations, and the SEC’s subsequent attempts to appeal were denied. The potential financial penalties have been a major point of discussion.

The SEC initially demanded a fine of $2 billion, which Ripple contested, arguing for a maximum penalty of $10 million. Ripple pointed to the SEC’s previous case against Terraform Labs, noting that direct fraud allegations were only present in that case, not against Ripple.

The SEC recently adjusted its stance, proposing a $102.6 million penalty, a figure significantly higher than Ripple’s suggested maximum fine. The commission argued that the ratio of penalty to gross profit in the Terraform case should be applied to Ripple’s profits, resulting in the larger penalty figure.

Despite the complex legal challenges, there is some optimism about a potential solution. As the case nears its end, the outcome may have broad implications for the crypto sector as a whole. A resolution might influence future cases and industry laws by creating a precedent for how regulatory bodies handle charges of securities violations.

The Ripple vs. SEC case is nearing its conclusion. The final resolution might pave the way for more specific regulatory standards, influencing the future of cryptocurrency regulations.

Read Also

How Close Are We to a Resolution in the Ripple-SEC Saga?

Justin Sun and Company Get Defense Time Extension in SEC’s TRX Manipulation Case

Binance to Pay Monetary Penalties to Settle US Investigations: WSJ

Ripple’s $10M Cap vs. SEC’s $2B Penalty: A Defining Moment for Crypto’s Regulatory Future

Ripple vs SEC Case Enters Final Judgement Phase as Ripple Rejects SEC’s Reduced Penalty

The post Ripple SEC Legal Battle Nears Conclusion with Potential Settlement Talks, XRP’s New Beginning Underway appeared first on Crypto News Land.

Bitcoin forms a Cup with Handle pattern, price at the tip of the handle.

The Giant Cup with Handle pattern indicates a bullish trend for Bitcoin.

Bitcoin’s price at $57,005, poised for a breakout to $240,000.

Traders and investors use different methods to analyze price movements of underlying assets. The Giant Cup with Handle is a popular technical indicator among Bitcoin traders.

The Cup with Handle pattern is a bullish continuation pattern that signals a potential upward trend. Typically, it forms after a strong price rally, followed by a period of consolidation. The pattern resembles a tea cup, with the “cup” being a rounded bottom and the “handle” a smaller consolidation phase. 

The Cup with Handle Pattern Formation 

The pattern typically begins with a price decline which creates the left side of the cup. After the price decline, the rounded bottom of the cup forms during the stabilization and gradual recovery period. 

According to Trader Tardigrade, Bitcoin is now at the tip of the handle, ready for a breakout. The measured target for this breakout is $240,000 — 306.66% from the current price of $59,005. This price target is calculated based on the depth of the cup and the height of the handle. 

#Bitcoin GIANT Cup with Handle Pattern has been formed We are now at the tip of the handle.It's ready to go anytime.The measured target is $240k pic.twitter.com/7fRJJGdPdP

— Trader Tardigrade (@TATrader_Alan) July 11, 2024

Once the price of Bitcoin reaches the previous high, it consolidates and creates the handle. This handle typically slopes downward. According to experts, the slope signals a temporary pause before the next upward move.

The significance of the Cup with Handle pattern lies in its historical reliability. This pattern has been observed in various financial markets and has often led to substantial price increases. 

The formation of the Giant Cup with Handle pattern in Bitcoin’s price chart is a bullish signal. With the price currently at the tip of the handle, the market is poised for a potential breakout.

Read Also 

BTC Forms Bullish Giant Cup and Handle Pattern, New ATH Soon?

XRP’s Cup & Handle Pattern: A Bullish Signaling for $1.05 & $1.88 Targets

JASMY Prints Giant Cup and Handle Pattern Signaling Major Bullish Movement Taking JASMY Price to $0.7

XRP’s Chart Indicates Multi-Year Bull Run Ahead

JASMY Could Print 2,000% Price Surge After Closing Nearly Complete Bullish Cup and Handle Pattern

The post Bitcoin Giant Cup with Handle Pattern Forms, BTC Price at the Tip of the Handle appeared first on Crypto News Land.

AVAX is making headlines with a 22.68% rise this past week, bouncing back from a significant 61% slump. Meanwhile, Bitcoin Cash (BCH) braces for possible downturns. However, BlockDAG (BDAG) remains a standout, now hailed as the premier cryptocurrency.

Highlighted in the transformative Keynote 2, BlockDAG’s Low Code/No Code platform is redefining app development. With $57.4 million gathered across 19 presale batches, BlockDAG’s growth is notable. The upcoming CEO and team documentary is set to further showcase BlockDAG’s commitment to innovation and transparency, reinforcing its top spot in the crypto market.

AVAX’s Recovery: Current Gains and Future Potential

After a steep 61% drop from its yearly peak of around $64 in March 2024, AVAX is currently trading at $29.69, showing signs of recovery with a 22.68% increase in the past week.

Despite a 17% decrease this month, 47.88% of AVAX holders—around 4 million addresses—are still in the green. Analysts recommend staying tuned to altcoin developments to track AVAX’s progress and its impact on market sentiment and investor confidence.

Bitcoin Cash’s 2024 Outlook: Overcoming Obstacles

Bitcoin Cash has struggled recently, dipping below the $350 support level. Yet, the latest forecast suggests a possible rebound, with BCH retesting the $400 mark and recording a 4.1% rise. Experts believe the worst may have passed, with BCH poised for recovery.

Still, with a $7 billion market cap, BCH’s growth potential is comparatively restrained. To achieve notable gains, substantial investments are necessary, making BCH’s future heavily dependent on attracting significant capital. The outlook for 2024 is cautiously optimistic despite the market’s unpredictability.

BlockDAG’s CEO Reveal Date Spurs Presale

BlockDAG’s presale has reached new highs with news of a CEO, team and advisory board reveal spurring an investor rush into the project. The team reveal is slated to be on July 29th and will be followed by a team documentary. The price of BDAG coins are also expected to go up by 40% too. 

Recognized by major outlets like Forbes and Bloomberg, BlockDAG has shone in its latest Keynote 2, where it celebrated various breakthroughs, including an expected daily presale income of $5 million and a new partnership with Plus Wallet for its mainnet launch.

A highlight from the keynote is the Low Code/No Code platform, which revolutionizes how applications are built. By allowing the assembly of applications through drag-and-drop, rather than complex coding, it democratizes software development, enabling quick prototyping and reducing time to market. This innovation opens up blockchain technology to a broader audience, boosting community engagement and creativity.

Final Thoughts

While AVAX shows promising recovery signs and BCH navigates potential challenges, BlockDAG distinctly shines as the top cryptocurrency. Its technological advances, especially the Low Code/No Code platform, highlighted in Keynote 2, illustrate its cutting-edge position. With $57.4 million secured in its latest presales and the community eagerly anticipating the team documentary, BlockDAG stands out for its growth, transparency, and progressive outlook, positioning it as a leader in the crypto market and a top choice for investors.

Join BlockDAG Presale Now:

Website: https://blockdag.network

Presale: https://purchase.blockdag.network

Telegram: https://t.me/blockDAGnetworkOfficial

Discord: https://discord.gg/Q7BxghMVyu

The post BlockDAG to Unveil CEO & Team Documentary; AVAX Rises as BCH Encounters Challenges appeared first on Crypto News Land.

The XRP price chart seems to be mirroring the same pattern as during its bull spike in 2017.

Analysts note the same pattern in the price charts now expecting a 60,000% price pump.

XRP analysts and holders debate how far the price of XRP will go varying from $20 to $9,761.

The crypto community waits patiently for Bitcoin (BTC) to regain its full bullish momentum as altcoins show bullish signs instead. Amongst these bullish altcoins is VeChain (VET), WadzPay (WTK), JasmyCoin (JASMY), Cardano (ADA), and Ripple’s XRP.

In particular, the  XRP Army is very bullish and is expecting a phenomenal price spike for XRP very soon. As the Ripple vs SEC cases seems to be nearing the final chapter of the battle, XRP’s price charts show a repeating pattern supporting the possibility of a parabolic price spike.

ATTENTION #XRP HOLDERSIt took 21 Days after the first apex was broken for XRP to really get going before doing Approx 60,000% (2017 chart attached) Arguably we are almost at the exact same point. LINEAR charts have us 3 days POST APEX… 18 days before EUPHORIA kicks in!! pic.twitter.com/OYdt60P9Q2

— BLOCK BULL (@TheBlockBull) July 11, 2024

According to one crypto analyst XRP has been forming a large triangle that is finally complete. This could trigger a 60,000% price spike caused by a narrow oversell of the Bollinger Band. More importantly, this user believes it will take 21 days for the parabolic leap to arrive. 

He draws an exact moment in history when XRP hit its current  ATH record in 2017 when the same event occurred. This event was the closing of the large triangle formation after which, 21 days later XRP pulled a 60,000% price pump. 

Now, the analyst observes the closing of the same triangle close pattern which shows the same potential for a 60,000% price spike. He says according to the linear charts, it has been 3 days since this close which means that the pump will arrive 18 days from now.

Strong evidence that $XRP on its way to $201. Strong support at $0.40-$0.50.2. Near lower Bollinger Band, oversold3. Moving average > current price; bullish4. Low volume during consolidation; watch for a volume surge5. Historical rallies after consolidation hint at… pic.twitter.com/PjWxb7IIGv

— Armando Pantoja (@_TallGuyTycoon) July 11, 2024

Meanwhile, another user adds that there is strong evidence for XRP to hit $20 first due to five main reasons. The first being that the asset has strong support at $0.40-$0.50. Adding to this is the Bollinger Band scenario, the moving average being higher than the current XRP price, low volume during consolidation, and historic rallies after consolidation.

One analyst even goes so far as to say that XRP will hit $9,761 on August 1, 2024. No doubt the XRP Army and the greater crypto community are both eagerly awaiting to see how this parabolic leap will take the price of XRP and if it will indeed arrive in the next 18 days.

Read Also

XRP’s Historical Upward Price Pattern Repeats, Bull Run Now?

XRP Repeats a Familiar Pattern, Sign of More Significant Price Pumps Ahead?

SHIB Inches Closer to DOGE; Memecoin War Repeat?

XRP Charts Spark Hope: Potential Parabolic Surge Ahead

Dogecoin’s Parabolic Rally Expected by April, Analyst Predicts

The post 60,000% XRP Parabolic Price Spike to $9,761 Only 18 Days Away if Historic Patterns Repeat appeared first on Crypto News Land.

Billions of people invest in cryptocurrencies every year, but do they all get profits? The answer is no. Many crypto coins offer utility, making them useful for investors, while some are only driven by hype. Without utility, a crypto coin is a burden on the investor’s shoulders. If you have been heartbroken by AAVE and Bluzelle’s latest performance, there’s one way to save money from further losses.

MoonBag (MBAG) is a bright option for investors looking to make stable profits. The project is in Stage 6 of the presale, raising over $3.3 million in funds. Earliest joiners are already enjoying a 1,400% profit on their investment, and if you join now, you can also see a 900% increase at the time of the coin’s launch. Discover how MoonBag crypto is a better option than AAVE and Bluzelle. 

AAVE’s High Transfer Fees Repel Investors 

Paying high fees for a transaction as small as $25 is unjustified. The lowest cost for AAVE is around $60, and the maximum goes up to $120. Investors look for alternatives to avoid paying huge fees for no reason. Recent AAVE price predictions of a 5% increase are still not convincing enough for traders to spend half their money on fees.  

Bluzelle Needs More Time to Establish in the Market 

Bluzelle (BLZ) is a new blockchain project aimed at helping develop the decentralized web. Since it’s a new project, it’s not perfect. Historical data suggests Bluzelle crypto’s last 3-year performance was just 11.55%. To avoid losses, it’s best to avoid investing in BLZ at this time.    

Best Crypto Presale in 2024: MoonBag Raises Its Status in the Crypto Kingdom

MBAG is a meme coin, growing closer to its launch day by day. LBank has announced that MBAG crypto will be launching on its exchange by October 11. So, is it the best time to invest in an MBAG coin? Yes, it is! 

MoonBag is an investment opportunity for everyone. If you decide to enter the presale at this stage, you will see a staggering 67% increase by Stage 7 and 567% by the end of the presale. MoonBag’s launch is right around the corner, and its unique benefits will make it the best crypto presale in 2024. 

MoonBag plans to maintain its price fluctuations through liquidity boosts after launch. About $3.5 million is allocated for this purpose, and $2.5 million will be used for buyback and coin-burning strategies. The idea is to create coin scarcity to ensure a rising demand for MBAG coins and no selling pressure on the investor. 

Earn Passive Income with MoonBag Staking Rewards 

MoonBag’s staking rewards are worth a mention. Enjoy 88% APY on coin staking to grow your investments from the comfort of your home. You will get epic airdrops and VIP access to events to be a cherished part of the MBAG community. 

MoonBag staking helps investors build their portfolio, but it also helps strengthen the MBAG’s position in the market. The more coins you stake, the more you help MBAG to rise as a strong contender in the market. And MoonBag crypto makes sure that you get rewarded for it! 

MoonBag’s Price Predictions Give Hopes to Investors 

Jacob Crypto Bury, a YouTube sensation, has predicted the MBAG’s price to reach $0.25 by November, $1 by 2025, and $10 by 2030. Many investors believe in Jacob’s predictions, meaning there’s a positive sentiment towards MoonBag crypto. Even if you compare Stage 1 of the presale to Stage 6, you can see how the MBAG coin’s price keeps increasing. 

Final Thoughts 

MoonBag crypto has everything an investor can ask for—high ROI, staking rewards, referral programme, community-driven approach, zero tax on trading, and much more. There’s a reason why it’s the best crypto presale in 2024, so don’t miss it and join MBAG’s adventure today! 

Invest in MoonBag Presale 

Website: https://moonbag.org/

Presale: https://moonbag.org/presale

Telegram: https://t.me/moonbag_officialTwitter: https://twitter.com/moonbag_org

The post Amidst AAVE’s High Fees and Bluzelle’s Volatility, MoonBag Delivers Best Crypto Presale in 2024 appeared first on Crypto News Land.

The lead developer of Shiba Inu (SHIB) recently shared a crucial update that could significantly impact the future of the meme coin ecosystem. Filecoin has also made headlines with its latest partnership to enhance decentralized AI development. 

As the crypto market navigates through the Shiba Inu update and Filecoin partnership, attention also turns to the launch of BlockDAG’s X1 Miner App. This user-centric app has captured the attention of potential miners and positively influenced BlockDAG’s presale. The presale has now reached batch 19 and earned over $57.4 million.

Shiba Inu Update on Long-Term Plans

Shiba Inu’s lead developer, Shytoshi Kusama, shared a significant Shiba Inu update, outlining the future vision for the SHIB ecosystem. Kusama emphasized the goal of creating a highly decentralized platform that aligns with the founder Ryoshi’s vision. 

Partnerships with industry leaders are being formed, and Web2 companies are being engaged in a transition to Web3. The update also hinted at a new token, TREAT, offering advanced ecosystem features. Kusama plans to step back, eventually allowing the ecosystem to operate autonomously.

Filecoin Partnership Boosts Decentralized AI

The Filecoin partnership focuses on enhancing decentralized AI development by leveraging Filecoin’s storage and computing capabilities. This partnership allows AI developers to manage extensive AI workloads more efficiently, utilizing Filecoin’s network for storage and computation. 

The integration optimizes resource utilization, offering increased revenue opportunities for Filecoin storage providers. This Filecoin partnership aims to reduce overheads in AI workload management. The focus also extends to improving data storage and retrieval and providing a comprehensive solution for decentralized AI development.

BlockDAG’s Eco-Conscious Mining: 12B Coins Sold

BlockDAG has made a significant leap forward with the release of the X1 Miner App on the Apple Store, allowing users to mine up to 20 coins daily via their smartphones. This app is now fully operational on the BlockDAG Devnet, marking a critical phase for software optimization in a secure environment. Following the Devnet phase mined BDAG coins will transition to the Testnet and then to the Mainnet, ensuring a robust and user-centric experience for managing and trading BDAG assets.

BlockDAG’s X1 Miner App enhances mining efficiency while prioritizing sustainability. Unlike traditional resource-intensive consensus mechanisms, BlockDAG employs an eco-conscious approach that minimizes environmental impact and noise, addressing a growing concern among users. This energy-efficient mining process aligns with global trends, making BlockDAG a preferred choice for environmentally conscious investors and partners. The network appeals to those focused on sustainable technology investments, emphasizing convenience and minimal environmental footprint.

The success of BlockDAG’s eco-friendly approach is evident in its booming presale, currently in batch 19 with a coin price of $0.014. The presale has generated over $57.4 million, selling over 12 billion coins. This remarkable achievement reflects the success of BlockDAG’s sustainable technology and its appeal to a new generation of investors, solidifying its position as a leading player in the cryptocurrency mining market.

BlockDAG: User-Centric Mining

BlockDAG’s X1 Miner App, now fully operational on Devnet, is revolutionizing the mining sector by allowing users to mine instantly with their smartphones. While the Shiba Inu update hints at a new token and Filecoin’s partnership focuses on AI workload management, sustainable-centric investors are drawn to BlockDAG’s eco-conscious mining approach. 

Its minimal environmental footprint and energy-efficient mining resonate with the new generation of investors. This interest has driven BlockDAG’s presale to impressive heights, generating $57.4 million from selling over 12 billion coins, making it the best time to buy BlockDAG crypto.

Invest in the BlockDAG Presale Now:

Website: https://blockdag.network

Presale: https://purchase.blockdag.network

Telegram: https://t.me/blockDAGnetworkDiscord: https://discord.gg/Q7BxghMVyu

The post BlockDAG’s Big Bang Launch: X1 Miner App Hits $57.4M Presale as Investors Ditch Shiba Inu Update Amid Filecoin Partnership appeared first on Crypto News Land.

Binance plans to sell 72.6% of GOPAX to MegaZone, reducing its stake to around 10%, to meet regulatory requirements.

The sale aims to comply with the Financial Services Commission’s request and improve governance ahead of a key contract renewal.

Financial delays and GOPAX’s debt doubling to 118.4 billion won heighten the urgency for Binance’s strategic stake sale.

The leading cryptocurrency exchange, Binance, is drawing attention because it plans to sell its holding of GOPAX, a South Korean cryptocurrency exchange. MegaZone Cloud’s parent company plans to sell Binance its 72.6% stake in GOPAX. This action is a component of Binance’s endeavor to reform its governance and adhere to legal standards.

Regulatory Compliance and Stake Reduction

Notably, Binance’s decision to sell its GOPAX shares to MegaZone will reduce its stake to around 10%. This decision is driven by the need to comply with the Financial Services Commission’s request to change the largest shareholder and improve governance. Hence, this strategic move is essential for regulatory compliance.

#Binance is reportedly finalizing the sale of its majority stake in the South #Korean exchange #Gopax, reducing its ownership from 72.6% to potentially as low as 10%. The move aims to enhance governance following requests from local financial regulators, ahead of Gopax's… pic.twitter.com/uZ6FeN0QkY

— TOBTC (@_TOBTC) July 11, 2024

Moreover, the acquisition of a 72.26% stake in GOPAX last year faced delays in approval from financial authorities. Consequently, Binance is pushing for the sale to improve its governance structure, as requested by financial authorities. This will help process a change report ahead of the renewal of its real-name account contract with Jeonbuk Bank in August.

Financial Challenges and Debt Issues

Financial authorities have withheld a decision on the exchange’s report for over a year. This delay has necessitated the sale to facilitate regulatory approval. Besides, BF Labs, a domestic KOSDAQ-listed company, acquired an 8.55% stake in Streami, GOPAX’s operator, becoming the second-largest shareholder. However, their attempt to increase their stake further failed due to funding issues. Now, MegaZone emerges as a potential key player in resolving these regulatory challenges.

Significantly, the sale of GOPAX shares is crucial for Binance and GOPAX to maintain their status as a won exchange. The real-name account renewal contract with Jeonbuk Bank, due on August 11, requires the exchange to restructure its governance and secure financial authorities’ approval. GOPAX’s current state of complete capital erosion adds urgency to this situation.

Future Collaborations and Market Position

Binance had agreed to pay off GOPAX’s 56 billion won debt from FTX’s bankruptcy in 2022, conditional on regulatory approval. However, the authorities have not accepted the report for over a year, delaying the inflow of funds. With Bitcoin prices rising, GOPAX’s debt has doubled to 118.4 billion won as of April this year.

Furthermore, a MegaZone representative mentioned that several kinds of cooperation, such as buying stock, are being considered and waiting for government approval. The details of the procedure and the timeframe are still up for debate. For Binance, this sale is a big step toward navigating regulatory environments and securing a strong position in the South Korean market.

Read also:

Binance Acquires Majority Stake in Struggling GOPAX

Binance’s Troubles Escalate: The Fallout of Mishandled Assets and Alleged Misconduct

Bitcoin Gets a Boost Amidst U.S.’s Alarming $33 Trillion Debt Concerns

Bitcoin’s Fate: Balancing on the Edge of the U.S. Debt Dilemma

Bitcoin Surges to $27.1K as US Debt Ceiling Raise Confirmed

The post Binance’s Strategic Sale of GOPAX Stake to MegaZone Amid Regulatory Challenges appeared first on Crypto News Land.

Amidst market volatility, Lido DAO and Fetch.AI are facing bearish pressure, with Lido DAO price dips and the Fetch.ai death cross raising concerns. Amid these developments, BlockDAG has become a preferred destination for inflows due to its strong presale performance. This layer-1 project, backed by its cutting-edge X100 miner, has the potential to yield more than 30,000x ROIs. With its presale surging to over $57.4 million, BlockDAG is quickly being recognized as the best crypto to invest in now, demonstrating significant investor interest and long-term potential.

The Inside Story of Lido DAO Price Dips

Lido DAO, a liquid staking solution for Ethereum, has recently been under significant regulatory scrutiny. The United States Securities and Exchange Commission (SEC) has taken legal action against Consensys, the developer behind Metamask, for its unregistered broker activities. This action also impacts Lido and Rocket Pool, which are integrated into Metamask’s staking service. As a result, Lido DAO’s price has taken a hit, dropping by 10% immediately after the announcement and continuing to struggle in the face of these challenges.

The SEC’s lawsuit claims that Consensys collected over $250 million in fees from unregistered broker activities, involving liquid staking tokens such as Lido’s stETH. This legal pressure has caused a significant dip in Lido DAO’s value, now trading just below $2. The ongoing legal battles and market reaction highlight the growing regulatory risks for Lido DAO and its investors, making it a less stable option in the current market.

Fetch.AI Stares at Death Cross

Fetch.AI, known for its AI-powered autonomous economic agents, is undergoing a significant transition through its merger with SingularityNET and Ocean Protocol. This merger aims to form the Artificial Superintelligence Alliance (ASI), consolidating their strengths in AI and blockchain technology. However, the merger has also brought uncertainty and volatility to Fetch.AI’s token value.

Since the announcement of the merger, Fetch.AI’s token has plummeted to $1.2670, reflecting a 30% drop from its peak in June. Investors are wary of potential security risks and the operational complexities involved in the merger process. Technical analysis suggests a bearish outlook for Fetch.AI, with the token falling below key support levels and potentially forming a death cross pattern. This indicates that the bearish trend may continue, raising concerns about Fetch.AI’s stability and future performance.

BlockDAG: The Best Crypto to Invest in Now

BlockDAG’s cutting-edge X30 miner is a game-changer, potentially yielding 30,000x ROIs. With a robust 280 GH/s hash rate, the X30 triples mining efficiency while maintaining a compact, easy-to-place design. Its advanced ASIC technology ensures peak performance in the BlockDAG ecosystem, significantly enhancing mining capability and reward prospects. The X30’s scalable and adaptable design makes it suitable for both new and experienced miners.

BlockDAG’s presale has surged to over $57.4 million, reflecting significant investor interest. The presale has seen a 1300% price increase, from the initial batch price of $0.001 to the current batch price of $0.014 in batch 19. This impressive growth highlights BlockDAG’s strong market position and investor confidence in its long-term potential.

Recognized as the best crypto to invest in now, BlockDAG’s combination of the X30 miner’s efficiency and the presale’s success positions it as a leading contender in the cryptocurrency market. With substantial growth figures and innovative technology, BlockDAG offers promising investment opportunities for those looking to maximize returns.

Key Points

While Lido DAO faces price dips and Fetch.ai’s death cross indicates bearish trends, BlockDAG stands out as the best crypto to invest in now. BlockDAG’s presale has surged to over $57.4 million, with a 1300% price increase from $0.001 to $0.014 in batch 19. The cutting-edge X30 miner, with its 280 GH/s hash rate, enhances mining efficiency, contributing to the potential for 30,000x ROIs. These impressive figures and innovative mining solutions make BlockDAG a compelling choice for investors, promising strong growth and substantial returns amidst market volatility.

Join BlockDAG Presale Now:

Website: https://blockdag.network

Presale: https://purchase.blockdag.network

Telegram: https://t.me/blockDAGnetworkOfficialDiscord: https://discord.gg/Q7BxghMVyu

The post Best Crypto to Invest in: BlockDAG’s Money Maker X30 Miner and $57.4M Presale Pulls in Investors As FET and Lido DAO Prices Dip appeared first on Crypto News Land.

Investing in the right presale can be a game-changer, offering early investors unprecedented returns and a head start in the market. With so many options vying for attention, how do you spot the one that promises excitement and profitability? The latest buzz in the crypto community is about a presale that’s turning heads and creating a buzz among seasoned and new investors alike.

MoonBag, a meme coin with a mission, is making waves with its innovative approach and enticing financial prospects. Designed to combine the fun of meme culture with robust financial strategies, MoonBag’s scalability promises substantial returns and a thriving community. MoonBag presale, now in stage six, has already raised over $3.3 million, showcasing the strong interest and confidence of the crypto community.

Pepe Coin Crashes 21% in a Month Amidst Internal Turmoil and Market Fluctuations

Pepe Coin has been experiencing significant turbulence recently, raising concerns about its long-term viability. One major issue is the internal conflict within its team, which has led to substantial financial drama. Reports indicate that 16 trillion Pepe tokens, worth approximately $15 million, were moved from the multi-signature wallet to various centralised exchanges.

Moreover, the market sentiment around Pepe Coin has turned increasingly negative. The Pepe coin market cap has seen wild fluctuations, highlighting its unstable position in the market. Pepe Coin Price Prediction: PEPE Dives 21% monthly as investors flock to this Layer-2 meme coin. Large transactions, including a recent transfer of $21 million worth of Pepe to exchanges, suggest a looming selling pressure, exacerbating its volatility​.

Is a $5 Crash Looming for Arweave? Market Woes and Investor Doubts

Arweave, known for its unique approach to permanent data storage on a blockchain, has garnered attention in the crypto space. However, despite its innovative technology, Arweave faces significant challenges that raise concerns about its long-term viability. One major issue is the recent decline in its market value, with the Arweave price dropping by 11% over the past week.

Due to recent market trends, arweave crypto enthusiasts are concerned about the project’s future. The Arweave wallet provides secure storage but hasn’t alleviated fears. Speculation around an Arweave airdrop has temporarily boosted interest. Still, it’s not enough to counteract the potential for its price to crash to $5, highlighting the growing uncertainty and volatility surrounding its market performance.

MoonBag’s Strategic Success: High ROIs and Exclusive Investment Opportunities

MoonBag’s incremental liquidity injection and buyback and burn events create a positive feedback loop, leading to increased coin scarcity and potentially higher prices. With a current presale price of just $0.0003 per coin, early investors can expect significant returns. Those who joined the presale in its initial stages have already seen their investments soar by 9,900%.

MoonBag scalability plays a crucial role in supporting these promising outcomes. The benefits of joining MoonBag early are clear. With an impressive 88% APY on staked MoonBag coins and the potential for VIP access to exclusive events and epic airdrops, the financial advantages are unmatched. MoonBag’s scalability further enhances its potential for widespread adoption and sustained growth.

MoonBag’s BuyBack and Burn Strategy Fuels Its Success

At the heart of MoonBag’s appeal is its exceptional scalability and progressive price increases. By dividing liquidity into six parts, starting with $1 million on launch day, MoonBag ensures a solid foundation for trading and stability. The subsequent injection of $2.5 million in five steps, dedicated to a buyback and burn strategy, aims to stabilise prices and foster sustainable growth. This systematic approach prevents sudden price fluctuations and enhances investor confidence in the coin’s long-term value.

Conclusion

MoonBag stands out as a beacon of stability and growth in a market crowded with speculative coins. In contrast, Pepe Coin and Arweave present significant concerns. Pepe Coin, largely driven by memes and hype, needs a solid foundation and long-term vision, making it a risky investment. Arweave, despite its innovative approach to decentralised storage, faces scalability issues and a complex user interface, limiting its mainstream adoption.

Don’t let this opportunity slip away—invest in MoonBag coin today and watch your financial dreams take flight!

Invest in MoonBag Presale

Website: https://moonbag.org/ 

Presale: https://moonbag.org/presale  

Twitter: https://twitter.com/moonbagorg 

Telegram: https://t.me/moonbagofficial

The post MoonBag’s Scalability Outperform Pepe Coin and Arweave, Offering Early Investors Unmatched Financial Returns  appeared first on Crypto News Land.

Amid market ups and downs, Ethereum and BNB show signs of a bullish breakout despite overall market trends. Meanwhile, BlockDAG, a layer 1 blockchain project, has attracted significant attention due to its promising future. 

Featuring the innovative X100 miner, BlockDAG is poised for significant growth, potentially offering returns exceeding 30,000 times the initial investment. Its presale has surged past $57.4 million, reflecting robust investor interest. As we analyse Ethereum products and assess BNB’s price movements, BlockDAG emerges as one of the top altcoins for 2024, promising lucrative returns amidst current market dynamics.

Ethereum’s Resilience and Upcoming ETFs

Ethereum has seen substantial withdrawals, with over $120 million pulled out of ETH-traded exchange-traded products (ETPs) in the past fortnight, marking the highest since August 2022. Despite these outflows, optimism grows with the imminent approval of Ether ETFs in the United States. These ETFs could potentially attract $5 billion in net inflows within the initial five months, driven by independent investment advisors and broker/dealer platforms.

The introduction of Ethereum products, such as ETFs, underscores sustained interest in the platform. Galaxy and Bitwise anticipate substantial demand, with Bitwise projecting $15 billion in inflows over 18 months. This anticipated influx of capital underscores Ethereum’s enduring market relevance and potential for expansion.

BNB Price Review: Recent Trends and Critical Indicators

BNB has witnessed a resurgence in trading activity, with a 3% price rise after rebounding from a major support level on the trendline. This move follows a ten-day consolidation period, highlighting the strength of BNB bulls. Despite multiple attempts, the $593 resistance level remains a formidable hurdle, indicative of the ongoing struggle between bullish and bearish market sentiments.

Accumulation by large institutional investors is pivotal to BNB’s recent performance. Data reveals a whale-to-retail investor ratio 79, signalling substantial interest from major institutions. This accumulation phase typically leads to increased buying pressure. Ongoing developmental efforts further bolster investor confidence, reinforcing BNB’s fundamental strength. Analysis of BNB’s price suggests that breaching the $593 resistance could propel the coin to new heights.

BlockDAG: A Promising Competitor with Advanced Technology

BlockDAG has captured considerable investor interest with its presale, which has surged past $57.4 million. Currently in its 19th batch, BDAG’s price has skyrocketed by 1300%, moving from an initial $0.001 to $0.014. The cutting-edge X100 miner plays a crucial role in this growth, is integral to BlockDAG’s ecosystem and is positioned as one of the top altcoins for 2024.

The X100 miner is a powerhouse in cryptocurrency mining, boasting a 2 TH/s hash rate and consuming 1800W of power. It can generate up to 2,000 BDAG daily, which is appealing to miners. Its design balances high performance with controlled noise levels, making it suitable for diverse environments. The X100’s advanced ASIC technology enhances computational power, making block mining more efficient and profitable.

The miner’s scalability and energy efficiency enhance BlockDAG’s long-term prospects. With the X100, BlockDAG aims to attract more miners, thereby bolstering network security and increasing coin value. As a result, BlockDAG presents a compelling investment opportunity, potentially yielding returns of up to 30,000 times the initial investment. Investors seeking significant returns should consider BlockDAG, which stands out in the competitive cryptocurrency market.

Key Insights

Ethereum and BNB demonstrate strong potential amid market volatility. Ethereum’s upcoming ETFs have the potential to draw significant investments, while BNB’s accumulation by whales suggests sustained institutional interest. Nevertheless, BlockDAG distinguishes itself with its innovative ecosystem and impressive presale performance. 

Featuring the X100 miner, with its 2 TH/s hash rate and substantial earning potential, BDAG can achieve returns of up to 30,000 times the initial investment. With its presale surpassing $57.4 million and a price surge of 1300% from $0.001 to $0.014, BlockDAG offers a compelling investment opportunity for those seeking the top altcoins for 2024.

Join BlockDAG Presale Now:

Website: https://blockdag.network

Presale: https://purchase.blockdag.network

Telegram: https://t.me/blockDAGnetworkOfficial

Discord: https://discord.gg/Q7BxghMVyu

The post Leading Altcoins in 2024: BlockDAG’s X100 Miner Boosts Presale to $57.4M Amid Ethereum Product Fluctuations and BNB Price Rally appeared first on Crypto News Land.

In the unpredictable world of cryptocurrencies, assets like Algorand and Internet Thorchain are facing turbulent times. Amid this chaos, investors are seeking refuge in the MoonBag (MBAG) presale, which stands out as a better alternative.

MoonBag has quickly captured the attention of the crypto community with its impressive features, including an astounding 88% APY on staking and an innovative referral program. These attractive benefits have fueled significant interest and trust among investors, leading to over $3.3 million raised in less than two months.

Thorchain Investors Seek Alternatives After 35.5% RUNE Decline

Thorchain’s RUNE token has plummeted by 35.5% over the past month, now trading at $4.38, a significant drop from its earlier high of $10.62 this year. Despite the lack of any major negative news, investor sentiment has noticeably waned.

Long-time Thorchain backers remember its impressive surge from around $1 in August 2023, which has kept many holding on. However, analysts are now cautious, warning that without substantial new developments, RUNE might dip below the $4 mark. This has led some Thorchain investors to explore new opportunities, such as ventures like MoonBag.

Algorand’s Struggles: Blockchain Issues Drive Price Down

Algorand initially generated excitement as a new digital currency and blockchain platform, but current discussions on crypto forums like Reddit reveal a more critical view. Enthusiasts point out its limited trading volume and the challenges of achieving growth without centralization.

Over the past year, ALGO has seen a substantial 40% decline, raising alarm among investors. While some predictions hint at potential growth by July 2024, there’s a growing belief that the window for recovery might be closing as more investors begin to pull out their support.

Earn More Crypto with MoonBag Referral Programme

The MoonBag presale is attracting cryptocurrency investors with its current price of $0.0003 per coin (expected to rise in Stage 7). This presents a timely opportunity to consider getting involved in the project. Moreover, MoonBag offers a referral program that allows you to potentially increase your cryptocurrency holdings. 

By connecting your wallet securely and sharing your unique referral code, anyone who uses your code to buy at least $25 worth of MoonBag coins receives an extra 50% in MBAG coins. Participating in the MoonBag referral program not only helps you earn more coins but also builds a community spirit. Each purchase made using your referral code enhances your position on a leaderboard. At the end of every month, the top 20 referrers earn a 10% share (paid in USDC) of the total purchases made using their code. Moreover, those with crypto communities of over 5,000 members may qualify for cashback rewards on their community’s purchases.

Conclusion

The MoonBag presale presents an exciting opportunity to invest in a promising coin that’s gaining momentum. With the MoonBag referral program, you can easily grow your holdings and move up the leaderboards. Don’t let your investments stagnate like Algorand and Thorchain. Take this chance to join a thriving community and see your gains increase. Jump into action with MoonBag (MBAG) today and discover the difference!

Invest in MoonBag Presale 

Website: https://moonbag.org/

Presale: https://moonbag.org/presale

Telegram: https://t.me/moonbag_official

Twitter: https://twitter.com/moonbag_org 

The post Unleashing Crypto Prosperity: MoonBag Referral Programme Lures The Investors Of Algorand And Thorchain appeared first on Crypto News Land.

Internet Computer (ICP) price has significantly declined, dropping 3.01% in the last 24 hours to $6.92 and 15.0% over the past week. Meanwhile, the PEPE price prediction remains uncertain amid market fluctuations.

In contrast, BlockDAG (BDAG) stands out as the ultimate choice for miners and investors. Its X1 mining app, now available on the Apple Store, allows users to earn up to 20 BDAG coins daily with minimal energy expenditure. This innovative approach has led the presales to soar past $57.3 million by the current and 19th batch, positioning BlockDAG as the top crypto gem in 2024. 

Pepe Price Prediction: Strong Rebound Signals

The Pepe price pumped more than 15% in the past 24 hours to trade at $0.000009549 as investors re-accumulated the meme coin. This recent gain, however, hasn’t pushed its weekly performance out of the red, as the Pepe price prediction remains cautious.

The PEPE price rebounded from the key support at $0.000007661 and is climbing towards a major resistance level. If it surpasses this resistance, it could rise in the short term. Conversely, a rejection might see it retest the lower support. Technical indicators suggest a potential climb, reinforcing a positive Pepe price prediction.

ICP Price Decline: Understanding Volatility and Market Cap

Internet Computer’s (ICP) price has decreased by 3.01% over the past 24 hours to $6.92, continuing a weekly downward trend from $8.25 to its current price, reflecting a -15.0% decline.

The price movement and volatility of ICP over the past 24 hours and week are shown with Bollinger Bands, which indicate larger volatility when bands are wider. Despite a 99.0% increase in trading volume, the circulating supply decreased by 0.59% to 466.02 million. ICP is currently ranked #29 in market cap at $3.22 billion, which highlights the volatility of the ICP price.

Maximize Mining with BlockDAG’s Eco-Friendly X1 App

BlockDAG is redefining cryptocurrency mining with its innovative X1 Miner App, transforming everyday smartphones into powerful mining devices. This app facilitates the mining of up to 20 BDAG coins daily and encourages users to engage with it every 24 hours to maximize their mining potential. This requirement for daily interaction is more than just a task; it’s a way to immerse users in the BlockDAG community, ensuring their active and continuous participation.

Highlighted in the community Wiki, the X1 Miner App’s potential is vast, offering a straightforward yet productive mining solution right from users’ smartphones. This accessibility is central to BlockDAG’s mission to democratize the mining process, allowing more individuals to participate in cryptocurrency mining without the need for elaborate setups.

Moreover, the X1 Miner’s energy efficiency is a significant advancement in blockchain technology. Traditional mining methods are known for their hefty energy consumption, but BlockDAG’s approach eliminates this concern. By leveraging a proof of engagement method, the app minimizes energy use, making it an environmentally friendly option in the blockchain space.

In essence, BlockDAG’s X1 Miner App is not just a tool for mining; it’s a leap towards sustainable, inclusive, and community-focused cryptocurrency mining, enabling users to earn significant rewards daily while contributing to environmental conservation.

Final Say

BlockDAG emerges as a top crypto gem in 2024, while Internet Computer price faces a notable decline, and PEPE price prediction remains uncertain. The X1 mining app offers an efficient and eco-friendly way to mine BDAG coins, allowing users to earn up to 20 BDAG coins daily with minimal energy usage. BlockDAG is innovative and sustainable, solidifying its position as the top crypto gem in 2024.

Join BlockDAG Presale Now:

Website: https://blockdag.network

Presale: https://purchase.blockdag.network

Telegram: https://t.me/blockDAGnetworkOfficialDiscord: https://discord.gg/Q7BxghMVyu

The post BlockDAG’s X1 App Hits iOS While ICP & PEPE Price Predictions Hit the Skids: Presales Skyrocket to $57.3M appeared first on Crypto News Land.

Would you take it if you had another opportunity to secure a millionaire’s life? Many people regret not investing in a cryptocurrency that later skyrocketed. In the volatile cryptocurrency market, stability and security are crucial. As  SingularityNET faces scalability issues, while Wrapped ETH deals with regulatory uncertainty and centralised risks, a new maestro player, MoonBag (MBAG), appears to possess a strategic outlook and strengthened defences.Presenting MoonBag (MBAG), the newest meme coin in the cryptocurrency space. With its 88% APY staking rewards and zero-tax policy, this meme coin guarantees steady investment growth. Let’s dive into the world of MoonBag and discover how it outperforms Wrapped ETH and SingularityNET.

SingularityNET: Pioneering AI and Blockchain  Integration, but Can It Tame Market Volatility?

SingularityNET crypto has been making noteworthy progress in the decentralised AI field. However, the project still has scalability and market volatility issues, which may affect its long-term stability and adoption. With its strong market plan and great rewards for staking, investing in  MBAG crypto coins is more secure and rewarding.

Wrapped ETH: Solid Staking, But Is Liquidity Holding It Back?

In the DeFi arena, Wrapped Ethereum (wETH) is still a major participant, particularly with its staking options. With the promise of quicker and more secure asset bridging, there has been a noticeable push recently to introduce wrapped staked ETH (wstETH) to the Cosmos community using Squid’s cross-chain liquidity router. However, wETH has to contend with market volatility and liquidity limitations. Although there is hope, investors should be aware of the risks involved, especially as the integration with Cosmos brings additional complexity and new trust assumptions. Therefore, investors find the MoonBag crypto coin a compelling alternative. MBAG’s unique features and community support offer promising potential for growth and stability beyond traditional ETH assets.

MoonBag’s Market Mastery: How Does Stellar Management Lead to Crypto Success

Your investment will rise steadily if you begin your staking trip as soon as you buy MoonBag coins. Staking is made simple and easy with an easy-to-use approach that maximises returns for both novice and experienced investors. Also, MoonBag crypto guarantees that your gains are substantial and easily obtainable with a vesting term of only three months from the presale.

Investor confidence is still strong with the money raised in a little over a month totalling over $3.3 million. MBAG coins can be purchased for as little as $0.0003. A $10,000 investment, for example, could rise to $18,800 by the end of the year, highlighting the program’s substantial growth potential. 

As it enters its seventh presale round, MoonBag’s price will rise gradually, demonstrating the team’s strategic vision and growing investor confidence. In a dynamic market, the MoonBag community is distinguished by market makers who guarantee price stability and growth. 

How to buy MBAG coins

To buy MBAG coins, create a virtual world using a Trust wallet or Metamask. Adhere to the heavenly instructions to create your wallet and save your private keys somewhere accessible anytime. Because your private key keeps your MoonBag safely attached to your space travel, treat it like the rarest gemstone in the cosmos!

Conclusion

MoonBag crypto highlights itself in the changing world of virtual currencies with its unique reflections system. Wrapped ETH might run into problems with liquidity, while SingularityNET faces difficulties with adoption and technological changes in the AI industry. MoonBag’s community-driven culture and passive income possibilities present a promising mix of innovation and dependability for the future of decentralised finance.

Invest in MoonBag Presale 

Website: https://moonbag.org/

Presale: https://moonbag.org/presale

Telegram: https://t.me/moonbag_officialTwitter: https://twitter.com/moonbag_org

The post MoonBag Crypto Surges Ahead: Outpacing Wrapped ETH and SingularityNET Amid Market Turbulence appeared first on Crypto News Land.

Ripple CEO Brad Garlinghouse warned SEC’s crackdown on crypto could sway US election politics.

Garlinghouse criticized Gensler, calling him a “Luddite” hindering crypto innovation.

Political shifts may impact US crypto regulation amid debates over Democratic and Republican stances.

Specifically, Ripple CEO, Brad Garlinghouse passed a solid warning to SEC Chair, Gary Gensler, saying that the agency’s actions might impact the industry before the elections.

The remarks made by Garlinghouse to a U.S. audience in this ongoing crypto debate demonstrate the high-profile stand-off between the crypto financial industries and the Washington regulatory authorities. 

This came after a round-table discussion organized by the US representative for the entertainment industry, Ron Khanna, with notable personalities in the industry. 

The discussion involved various members of the U. S. Congress, with Kirsten Gillibrand and Joe Neguse speaking. Other participants also involved Coinbase’s Chief Legal Officer Paul Grewal and Circle’s Chief Strategy Officer Dante Disparte as well. After several speeches and presentations, Garlinghouse spoke about Gensler and blamed the Democratic Party for the growing interest in cryptocurrencies among Republicans due to the perceived hostility towards crypto. 

Thank you to @RoKhanna for being an exceptional leader and engaging with the crypto industry. This morning’s crypto roundtable, bringing together folks like @mcuban, @iampaulgrewal, @ddisparte, etc with the White House and key congressional leaders such as @SenGillibrand and…

— Brad Garlinghouse (@bgarlinghouse) July 10, 2024

Garlinghouse did not hold back, referring to Gensler as a “Luddite,” a term for someone resisting new technology. He believes Gensler’s skepticism is like trying to stop a tidal wave, pushing innovation and opportunities away from the U.S. This is not the first time Garlinghouse has voiced opposition to Gensler’s regulatory approach. 

Last year, he criticized the SEC Chair’s argument that existing frameworks are sufficient for regulating crypto.

Garlinghouse’s criticism echoes worries expressed by other industry leaders. Hayden Adams, the founder of Uniswap, stated that the Biden administration’s attitude on cryptocurrency could have an impact on the 2018 election. 

While the Democrats’ stance on digital assets is debatable, the Republican Party and its leading contender, Donald Trump, have actively courted the crypto community, promising a more favourable regulatory environment. This shifting political landscape complicates the discussion over how to appropriately govern the fast expanding cryptocurrency business in the United States.

Garlinghouse’s comments underscore the heated discussion over cryptocurrency regulation. As the political atmosphere shifts, the future of US crypto legislation remains unpredictable, with substantial ramifications for the industry’s capacity to innovate and grow.

Read Also:

SEC Chair Gensler Faces Tough Questions from US Congressman

Winklevoss Warns of a Political Backlash Amidst Crypto Crackdown

Challenges SEC Chair Gary Gensler Faces in the Crypto Space- Expert Weighs In

Gensler’s $2.4B Crypto Crackdown Budget To Get Stalled Until April

US Rep. Davidson Aims to Oust SEC Chair Gensler in Dramatic Legislative Move

The post Ripple CEO Garlinghouse Calls Out SEC Chair in Crypto Regulation Debate appeared first on Crypto News Land.

Despite a recent 20% dip, Dogecoin has a bullish forecast, with analysts predicting it could hit $1 by 2025. Meanwhile, Kaspa is showing potential, leveraging innovative technology, with its advanced GHOSTDAG protocol. However, BlockDAG emerges as a versatile and lucrative investment opportunity for offering 10 different payment methods, making it easier than ever for investors to engage with the platform and capitalise on its growth. 

Moreover, BlockDAG offers unparalleled growth potential, as evidenced by the returns made by its early investors who have seen a 1300% price surge across 19 presale batches. So, investors looking for the best time to buy crypto are considering BlockDAG and securing their financial future.

Dogecoin Prediction: Will it Hit $1 by 2025?

Dogecoin has had an unstable journey recently. After losing nearly 20% of its value over the last month, it’s currently trading at $0.12. However, prominent cryptocurrency analyst Big Mike predicts a significant surge for Dogecoin, estimating it could reach $1 by 2025. His forecast is based on the Elliott Wave theory, which suggests that DOGE is in the midst of a new bull cycle.

This theory posits that Dogecoin is now in the third wave of a five-wave pattern, typically the longest and most dynamic phase. If the pattern holds, DOGE could peak at $0.60 before experiencing a correction and then potentially climbing past the $1 mark in the final wave. Such predictions are fueling optimism among Dogecoin enthusiasts who are awaiting the potential upswing.

KASPA Potential: Analysing GHOSTDAG Protocol & Scalability

KASPA is rapidly gaining traction due to its unique technological advancements. KASPA employs the GHOSTDAG protocol, which allows multiple blocks to coexist and be ordered in consensus. This method enhances transaction throughput and scalability without compromising security. 

KASPA’s proof-of-work consensus mechanism, coupled with the k-Heavyhash algorithm, ensures robust network security and future compatibility with photonic mining technologies. This forward-thinking approach and a geometric reduction in emissions over time position KASPA as a viable option.

BlockDAG Payment Options: $1K Investment Turned into $14K Profit!

BlockDAG stands out with its new initiative to support over 10 different payment methods, including major cryptocurrencies like Ethereum, BNB, Bitcoin and newer ones such as KASPA, DOGE, and SHIB. Additionally, it accepts USDT on both the Ethereum and TRON networks, SOLANA, XRP, Fantom, and Cardano. 

This wide array of payment options significantly enhances BlockDAG’s accessibility, attracting a diverse range of investors. By accommodating such a variety of cryptocurrencies, BlockDAG not only simplifies the entry process for investors but also establishes itself as a versatile and user-friendly platform in the competitive crypto market.

Investing early in BlockDAG’s presale, which has reached $57.4 million, has proven to be highly profitable. An initial investment of $1,000 in BlockDAG at the initial batch price of $0.001 per coin has escalated to $14,000 as the coin price surged to $0.014 in its current 19th presale batch. This represents a remarkable 1300% increase, showcasing BlockDAG’s robust market performance and growth potential. Such significant returns highlight the platform’s potential for future gains and make it an attractive option for investors seeking substantial returns.

Additionally, BlockDAG’s price trajectory suggests even greater potential. With consistent gains, the projection of the coin reaching $30 by 2030 appears achievable. When this highly achievable prediction transforms into reality, the initial $1,000 investment could skyrocket to an astounding $30,000,000. This potential for monumental returns underscores BlockDAG’s promise as a lucrative investment opportunity in the evolving digital currency sphere.

Final Thoughts

In the dynamic world of cryptocurrencies, BlockDAG distinguishes itself by offering 10 different payment methods, making it accessible and appealing to a wide range of investors. While Dogecoin predictions and KASPA’s technological potential capture attention, BlockDAG’s practical approach to inclusivity and impressive investment returns make it a compelling choice for those looking to enter the crypto market. 

Early investors have already seen 1300% substantial gains, and with projections of even higher returns by 2030, BlockDAG presents an exceptional opportunity for serious wealth creation. For keen investors, now is the best time to buy BlockDAG crypto, especially for its offerings and the chance to capitalize on this promising venture

Join BlockDAG Presale Now:

Website: https://blockdag.network

Presale: https://purchase.blockdag.network

Telegram: https://t.me/blockDAGnetworkOfficial

Discord: https://discord.gg/Q7BxghMVyu

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In the cryptocurrency market, three key players are drawing significant attention: BRETT, Ethereum NFTs, and the emerging MOONHOP. While BRETT shows promising prospects in the meme coin market, Ethereum NFTs are experiencing a downturn due to reduced market activities. On the other hand, MOONHOP ($MHOP) is kicking off its presale with a fresh approach to growth and community engagement, distinguishing itself with unique tokenomics and a well-planned roadmap. 

BRETT’s Future Looks Bright

Looking ahead, the forecast for BRETT is highly optimistic. As a prominent meme coin on Base, BRETT has quickly risen in popularity, particularly in 2024, thanks to its connection with Coinbase’s Ethereum Layer-2 network which continues to draw both investors and developers. 

The outlook suggests that BRETT will maintain its upward trajectory, fueled by growing interest and potential listings on major exchanges. This positive trend indicates that BRETT is on track to exceed its current achievements and secure a spot as a key player in the meme coin arena, reinforcing our bullish outlook for the future. 

Ethereum NFT Market Sees Downturn

The latest data points to a troubling trend for the Ethereum NFT market, which has seen its lowest levels of activity since mid-2021. The number of unique traders on leading Ethereum NFT marketplaces like OpenSea and Blur has been falling for six consecutive months.

While Bitcoin NFTs are seeing a rise, Ethereum’s metrics show a stark decline, with trading volumes dropping to levels last seen in early 2021. Revenue for major Ethereum NFT platforms also reached a low in June, falling below $1 million for the first time since early that year. This downturn is occurring as prominent investors such as Mark Cuban are reducing their NFT holdings, signaling tough times ahead for Ethereum NFTs. 

MOONHOP: A Thriving Financial Future

Step into the vibrant world of MOONHOP, where the tokenomics strategy ensures fair distribution and strong growth within an enthusiastic community. The total supply of 8 billion MOONHOP coins, with half available for the presale, ensures early supporters are generously rewarded.

The presale starts at just $0.01 per MOONHOP and is set to climb to $0.50 at launch. This structured approach over 50 stages aims to gradually increase MOONHOP’s value, benefiting those who join early.

The funds raised will be strategically used to enhance the MOONHOP ecosystem, with significant portions allocated to development, marketing, and establishing a solid liquidity pool to ensure stable trading and manage price fluctuations. Operational costs, including salaries, legal fees, and other essential services, are also covered to secure a stable and scalable operation for MOONHOP. 

By joining MOONHOP, community members are not only investing but also actively contributing to a thriving ecosystem. MOONHOP’s approach to tokenomics goes beyond mere financial returns; it aims to cultivate a prospering network where every participant can succeed. 

MOONHOP presale is breaking records, smashing through $916k in stage 1! With just $0.01 per coin, the rush is on. Get in now to ride the wave and possibly 100x your investment soon! 

Bottom Line  

As we venture through the dynamic landscape of cryptocurrency, one thing is evident: MOONHOP is primed for a significant breakthrough. It offers promising financial returns and a thriving, community-driven ecosystem. 

While BRETT’s price forecast garners attention and Ethereum NFTs encounter obstacles, MOONHOP is prepared to establish its unique presence with relentless enthusiasm and a dedication to inclusivity. Investors are set to leap towards a future where MOONHOP emerges as the next explosive meme coin.

Join MOONHOP Presale Now:

Website: Moonhop.io

Presale: https://moonhop.io/buy

Twitter: https://twitter.com/Moonhopcoin

Telegram: https://t.me/moonhopcoin

The post MOONHOP Reveals Its Presale Strategy, Breathing Life into Crypto as BRETT Climbs and Ethereum NFTs Stumble! appeared first on Crypto News Land.

FTX creditors set to receive $16B in October-November, potentially boosting crypto markets.

German Bitcoin sales of $1.5B have caused bearish sentiment, contrasting with upcoming FTX repayments.

Crypto analyst predicts Bitcoin prices may reach $80K-$100K with market inflow from FTX repayments.

On a recent X post, crypto analyst @DrProfitCrypto highlighted crucial information from newly released FTX bankruptcy documents. These documents suggest that creditors, including former investors and traders, are set to receive approximately $16 billion USD starting from October to November this year.

The most bullish news right now, overshadowed by a flood of fear and negativity, are the newly issued FTX bankruptcy documents.Creditors (Former investors and traders) are set to get back approximately $16 billion USD starting from October to November this year. This cash will… pic.twitter.com/mCrwYEXN2q

— Doctor Profit (@DrProfitCrypto) July 11, 2024

Market Response to FTX and German Government Actions

The analyst pointed out the contrast between the expected $16 billion USD inflow from FTX repayments and the German government’s recent Bitcoin sales. The German government has been selling off its Bitcoin holdings whic they originally obtained in 2013. 

Over the past month, Germany has sold around 25,000 Bitcoin worth approximately $1.5 billion USD. This has contributed to a bearish sentiment, pushing the market into fear and sell phases.

Potential Market Scenarios

He also outlined two potential scenarios for the market in response to the FTX repayments. In the first scenario, market makers might pump the market hard to ensure the $16 billion enters at a peak, or at least at a high price before a correction. This could see Bitcoin prices reaching targets between $86,000 and $92,000 just before creditor repayments.

In the second scenario, the influx of funds could flood the market amid FOMO (fear of missing out) and euphoria, driving prices even higher. The analyst predicts bullish times for Q3 and Q4, with Bitcoin prices potentially reaching between $80,000 and $100,000 this year, extending into 2025.

Historical Context and Market Implications

FTX’s collapse in November 2022, triggered by reports of speculative crypto tokens and financial mismanagement at its affiliated firm Alameda Research, led to a surge of customer withdrawals and eventual bankruptcy. 

The subsequent legal actions against FTX founder Sam Bankman-Fried and top executives for misappropriating customer deposits further shook the crypto market. In contrast, the German government’s Bitcoin sales strategy, while significant, involves a much smaller sum. 

Germany originally obtained nearly 50,000 Bitcoin worth over $2 billion at today’s prices. With recent sales reducing their holdings to 13,100 Bitcoin valued at $765 million, the impact is relatively minor compared to the potential $16 billion inflow from FTX repayments.

Read also

Mt. Gox Repayment Drama: Creditors Left Hanging?

Mt. Gox Begins Repayment to Creditors Distributing Bitcoin and Bitcoin Cash

The Complete Guide to Mt. Gox’s Bitcoin Repayment Process

Genesis Begins Billions in Crypto Repayments: Will Markets Feel the Ripple?

Mt. Gox Set to Commence Bitcoin and Bitcoin Cash Repayments in July 2024

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