Cats Coin Price Prediction: What Will Be The Listing Price?
#Cats Price Prediction: CATS Coin #Listed On Bitget Pre-Market Trading What is CATS Crypto The memecoin community is abuzz as the $CATS token readies for its big launch on top crypto exchanges. Inspired by the popular Dogs token, $CATS has amassed over 20 million Telegram users. With its airdrop scheduled before September 30th, excitement is building among crypto enthusiasts eager to see whatâs next for this cat-themed token. Cats Listed on Bitget Pre-Market This comes after pre-market buzz on BitGet, where traders are already focused on the token's potential. The tweet has further stirred speculation that $CATS might soon be listed on Binance, which could drive its price to new heights. 1. Current Market Metrics Last Price: $0.000728 per CATS 24h Total Volume: $102.73K Total Volume (USDT): $241.04K Total Supply: 600,000,000,000 CATS 2. Market Cap Calculation To estimate the market capitalization (market cap) and predict the price, we need to consider the total supply and current price. Market Cap Formula: Market Cap= Last Price Ă Total Supply Market Cap Calculation:= 0.000728Ă600,000,000,000= 436,800,000 USDT 3. Price Prediction Scenarios Scenario 1: Price Increase to $0.001 If the price increases to $0.001: New Market Cap: 0.001Ă600,000,000,000 = 600,000,000 USDT Scenario 2: Price Increase to $0.005 If the price increases to $0.005: New Market Cap: 0.005Ă600,000,000,000 = 3,000,000,000 USDT Scenario 3: Price Increase to $0.01 If the price increases to $0.01: New Market Cap: 0.01Ă600,000,000,000 = 6,000,000,000 USDT 4. Comparative Analysis To make these predictions more insightful: Current Market Cap (Based on $0.000728 price): $436.8 million Potential Market Caps: $600 million (at $0.001), $3 billion (at $0.005), and $6 billion (at $0.01). Conclusion Based on the current data: 1. If CATS maintains its current price, the market cap is approximately $436.8 million. 2. A price increase to $0.001 would push the market cap to around $600 million. 3. At $0.005, the market cap could reach $3 billion. 4. A price of $0.01 would result in a market cap of about $6 billion. These predictions are based on the current market conditions and assume that factors like demand, trading volume, and overall market trends stay positive. Keep in mind, though, that changes such as new developments, partnerships, or shifts in market trends could have a big impact on the actual price movements.
Explore short and medium-term DOGS price prediction analysis and check long-term DOGS forecasts for 2025, 2030, and beyond. According to our current DOGS price prediction, the price of DOGS is predicted to rise by 228.05% and reach $âŻ0.007002 by September 25, 2024. Per our technical indicators, the current sentiment is Bearish while the Fear & Greed Index is showing 55 (Greed). DOGS recorded 5/7 (71%) green days with price volatility over the last 30 days. Based on the DOGS forecast, it's now a bad time to buy DOGS. Based on the historical price movements of DOGS and the BTC halving cycles, the yearly low DOGS price prediction for 2025 is estimated at $âŻ0.002134. Meanwhile, the price of DOGS is predicted to reach as high as $âŻ0.010086 next year. Using the same basis, here is the DOGS price prediction for each year up until 2030. DOGS price prediction 2025 The DOGS price prediction for 2025 is currently between $âŻ0.002134 on the lower end and $âŻ0.010086 on the high end. Compared to todayâs price, DOGS could gain 372.57% by 2025 if DOGS reaches the upper price target. DOGS price prediction 2030 The DOGS price prediction for 2030 is currently between $âŻ0.005381 on the lower end and $âŻ0.008725 on the high end. Compared to todayâs price, DOGS could gain 308.82% by 2030 if it reaches the upper price target. DOGS Price Forecast Based on Technical Analysis Popular DOGS Moving Averages and Oscillators for Mon, Aug 26, 2024 Moving averages (MA) are a popular indicator in all financial markets, designed to smooth price action over a certain amount of time. They are a lagging indicator which means they are influenced by historical price activity. In the table below you can find two types of moving averages, simple moving average (SMA) and exponential moving average (EMA). DOGS Key Price Levels Based on today's classical pivot point (P1) with the value of $âŻ0.00205, DOGS has support levels of $âŻ0.001864, $âŻ0.001593, and the strongest at $âŻ0.001407. Similarly, DOGS resistance levels are at $âŻ0.002321, $âŻ0.002507, and $âŻ0.002778.
Binance Founder Changpeng âCZâ Zhao Discloses His Future Plans
Binance founder #CZ outlines post-custody plans focusing on blockchain, AI, biotech, and charity, signaling innovation and social impact. Binance founder Changpeng âCZâ Zhao has articulated his vision for the future after his release from custody recently. He emphasizes a continued commitment to blockchain technology, artificial intelligence (AI), and biotechnology, highlighting his long-term dedication to these fields. Despite facing legal challenges in the United States, Zhao remains optimistic with a focus on impact and not returns. Binance Founder Changpeng Zhao Charts New Path in Tech and Charity Post-Custody In a reflective statement made on the social media platform X, Changpeng âCZâ Zhao shared his experiences and aspirations following his recent stint in custody. Released on September 27 from a correctional facility in California, Zhao outlined a series of initiatives he plans to focus on in the coming years. Central to his message was the commitment to driving technological innovation and social impact, particularly through new ventures in education and charity. The Binance founder expressed his long term commitment to blockchain stating, In addition, Zhao noted the success of his recently launched project, Giggle Academy, an online educational platform providing accessible learning opportunities. He expressed his enthusiasm about dedicating more time and resources to this non-profit initiative, which will be part of his life moving forward. Continuing Investment in Innovation Despite the setbacks associated with legal issues in the US, including a hefty fine and compliance monitoring, Changpeng âCZâ Zhao remains undeterred in his support for technologies. He reiterated his investment strategy, which focuses on impact over returns. Binance, under Zhaoâs leadership prior to stepping down, played a pivotal role in shaping the digital asset exchange landscape. With Richard Teng now at the helm, Zhao expressed confidence in Binanceâs ability to continue thriving without his direct involvement. Additionally, recently at the Token2049 conference in Singapore, Binance CEO Richard Teng disclosed that the platform has experienced a 40% growth in institutional and corporate investors this year. Teng emphasized that this is just the beginning of institutional involvement in the crypto market, suggesting that the current investment levels represent merely the âtip of the iceberg.â
BNB Price Jumps After Ex-Binance CEO CZâs First Tweet Since Prison Release, Whatâs Next?
Ex-Binance CEO, CZ's first tweet after prison release has caused a stir, with BNB Price jumping almost immediately to a month high. The BNB price has turned bullish for weeks now, but it is still far from its ATH of $720. Even then, it had an unexpected rally, boosting this Binance Coin price when the rest of the market failed. The same is anticipated to happen this time, especially with Bullâs dominance and Binance Founder CZ released from prison. Though the exchange is already working fine without the Ex-Binance CEO, the crypto investors have been waiting for this moment to witness the BNBâs value surge. BNB Price Jumps After CZâs First Tweet Since Prison Release Changpeng Zhao is a popular personality in the crypto industry because of his status as the founder of Binance. However, he had left his CEO position after the legal disputes circled one of the biggest crypto exchanges. However, the story did not end with his resignation. CZ had to pay $50M in fines and complete four months of imprisonment, which he finally completed on September 27. And this simple event has boosted the BNB price today. Though the BNB price has not been much affected by Binanceâs legal issues, a significant price surge is seen with the release of the Changpeng Zhao. More importantly, it got more influential with the CZâs first tweet on X, saying âGM,â which was his greeting for his followers and a way to inform them that he was out. With this, the Binance Coin price has shifted from $606.25 to 616.53, the highest peak in the entire month. BNB was on the bullish side since its fall to $464.63 in August, but the process sped up during September. It pushed value from $540 to $616 over the month, representing an 11% surge over the month. This surge is the result of the hype around the ex-Binance CEOâs release, which grew over time. Even in the last seven days, it has surged 4.27%. However, this demand did not last long as the price has dropped again, currently at $604. What Is Coming Next? Long Uptrend or BNB Price Fall The crypto market has its share of demons, where volatility often causes price drops, and BNB is no exception. The ex-Binance CEOâs tweet gave a singificant push to BNB, but it only lasted for a few minutes and the price fell again. On a bigger scale, there are signs of bulls taking over the cryptocurrency as the major technical factors indicate the high buying pressure. It includes the simple and exponential moving averages, which indicate the buying signal on all the levels. Additionally, the RSI sits at 64.3, a neutral zone, which indicates the continuity of the ongoing trend. However, it is pretty close to the overbuying zone, which could result in a trend reversal. The sellers are also not missing the opportunity, as the Willaims %R, CCI, and Momentum show a strong selling signal. Here, these indicators indicate an overbuying period of the token, which could result in a price consolidation or a short-term downtrend, which has already caught in the charts in the last few hours. Final Thoughts The Ex-Binance CEOâs return from prison has created a stir in the crypto market, where many crypto analysts have spoken of BNB price rising to new highs. This gets more serious with the anticipation of the Uptober and crypto market rally. However, it is also clear that the Binance Coin price is almost unaffected by the exchange or CZâs news. Despite that, a significant surge to $616 was seen right after Changpeng Zhaoâs first tweet on X. The technical indicators also hint at the bullâs dominance in the long run if the token survived the overbuying zone, as indicated by CCI, Willaims%R, and a few other indicators.
Elon Musk Calls Kamala Harrisâs Border Stance A Lie Ahead US Election
Elon Musk criticizes VP Kamala Harris's border policies as deceptive amidst her border tour, stirring controversy ahead of US elections. Elon Musk, CEO of Tesla, has publicly criticized Vice President Kamala Harrisâs approach to border issues, labeling her recent comments as deceptive. This critique comes at a pivotal time as Harris tours the southern border, asserting a tough stance on immigration policies ahead of the upcoming election. Muskâs criticisms echo sentiments from the Border Patrol Union and add complexity to Harrisâs campaign messages about strengthening border security. Elon Musk Accuses Vice President Harris of Deception on Border Security In a recent tweet, Elon Musk echoed criticism from the Border Patrol Union regarding Vice President Kamala Harrisâs handling of border issues. The Union had expressed concerns about Harrisâs limited engagement, noting her brief visits and repeated statements without substantial action over the past three and a half years. Musk suggested that the Vice President has not shown a genuine commitment to addressing the complexities of border control and immigration. In addition, Elon Musk also commented on stats posted by the Rabbit Hole showing increased number of immigrants during Harris and Joe Biden regime. Kamala Harris claimed, The Tesla CEO was highly skeptical on these claims and called them a huge lie. He expressed his disappointments saying, Harrisâs Border Visit Amidst Criticism During her visit to the US-Mexico border, Kamala Harris aimed to project a reinforced image of control and responsibility. She highlighted the measures taken under the current administration to address issues at the border. Kamala emphasized a supposed balance between securing the border and maintaining a humane immigration policy. Despite her assurances, critiques from figures like Elon Musk and others highlight a perception of inadequacy in her approach to immigration issues. Adding to the concerns, Robert Kiyosaki issued harsh criticism of Kamala Harrisâs border policies. He drew controversial parallels with Monica Lewinsky in what he described as a tactic to ascend politically. Kiyosakiâs remarks, which he shared on social platforms, liken Harrisâs strategies to âthe Lewinsky action plan for success.â He insinuated that her political maneuvers around border issues are more about personal advancement than genuine policy efficacy. As the election approaches, the dialogue around border policies remains fraught with polarized opinions. Additionally, the upcoming US elections have seen Harris commit to US dominance in blockchain, AI, and quantum tech. This aims to appeal to younger, tech-savvy voters and the broader crypto community which has shown more support for Trump. Moreover, the Coinbase-backed âStand With Cryptoâ PAC has revealed financial and public support for pro-XRP lawyer John Deaton. This backing boosts his campaign against anti-crypto Senator Elizabeth Warren and reinforces his pro-crypto stance ahead of the coming elections.
OpenAI Rolls Out ChatGPT Advanced Voice Mode In UK, Users Raise Concerns
OpenAI revealed that its ChatGPT 'Advanced Voice Mode' service in the UK. Some users have raised concerns of AI safety and limits in service. Sam Altmanâs generative AI firm OpenAI on Saturday revealed that its new ChatGPT advanced voice mode is now available in the UK. The recent rollout follows the AI firmâs voice-mode launch for ChatGPT Plus users across the globe. However, users appear to be gloomy with the recent generative AI service launched in the U.K. OpenAI ChatGPT Voice Mode Now Available In United Kingdom According to an X post by OpenAI dated September 28, âAdvanced Voice is now available in the ChatGPT app to Plus users in the UK.â Besides, the post also notified users to download the latest version of the LLM chatbot app to avail the voice-mode services. Itâs noteworthy that the latest launch for British citizens follows the global debut of ChatGPT Advanced Voice Mode. Intriguingly, CoinGape Media reported the voice-mode launch previously, pointing out the absence of the U.K. and E.U. in the rollout due to regulatory concerns. Nevertheless, the recent launch promptly gained significant traction nationwide, countering the regulatory concerns. Meanwhile, some have raised concerns over the new generative AI service, warning about AI pros & cons. Meanwhile, some users seem to be unhappy with the limitations offered for prompts. Other backlashes include scrutiny over the serviceâs availability for general users. Also, in a reply to OpenAIâs X post, it can be seen that a jailbreak version of the voice-mode is also available. Altogether, a stockpile of concerns surfaced as the AI firm revealed voice-mode services in the UK. AI Race Continues Meanwhile, not only OpenAI is forging ahead in the AI domain. CoinGape Media reported Meta stock price spiked considerably as Mark Zuckerberg streamlined his AI vision, advancin#FTXSolanaRedemption in the sector. Simultaneously, Meta AI has also recently added new features such as a voice mode, garnering further attention in the industry. Additionally, Marathon Digital CEO Fred Thiel recently spotlighted the firmâs AI push, marking a monumental stride. Firms continue to push for AI development amid the technologyâs phenomenal growth in this era. OpenAIâs voice-mode launch is another testament to the burgeoning growth of AI.
3 Must Know Hamster Kombat Tricks To Boost Diamond Count In Interlude Season
As the HMSTR Airdrop is just a few hours away, these Hamster Kombat tricks are getting the maximum diamonds for the new Interlude season. The popular Telegram game Hamster Kombat is creating a milestone, where it has finished Season 1 of the game with the upcoming massive HMSTR airdrop. More importantly, it is one of the biggest token distribution, where the team will distribute 60B tokens among 131M users. However, the milestone does not end here, as the Hamster team has already announced Season 2 of the game, following the ongoing interlude season, which will also make heavy profits for the players. What is Hamster Kombatâs Interlude Season? The Hamster Kombat Season 1 has ended with great success, and this Telegram game has earned a user base of 300M players and millions of followers on its social media platforms. More importantly, the HMSTR token is finally up for launch on multiple crypto exchanges, including Binance, followed by a HMSTR airdrop. However, the game does not end here as the team has begun further developments, starting with the interlude season. The users have already begun participating in the Interlude season, as it has been available on the game since Friday. It is the intermediary period between Seasons 1 and 2, which will run for a few weeks to give a simplified and easy experience for the players who spent months tapping. This season is no tap-to-earn period. Instead, it is a reward collection period, where the players can perform simple tasks to collect diamonds, which will turn valuable in the next season. As a part of Interlude, the team made a few changes to the dashboard, including the dismissal of earnings with taps, ending crypto exchange upgrades, and a few others to cater to the need for simple activities. This season is no tap-to-earn period. Instead, it is a reward collection period, where the players can perform simple tasks to collect diamonds, which will turn valuable in the next season. As a part of Interlude, the team made a few changes to the dashboard, including the dismissal of earnings with taps, ending crypto exchange upgrades, and a few others to cater to the need for simple activities. 3 Best Hamster Kombat Tricks To Earn Highest Diamonds Though the entire game is equipped with ways to earn rewards, there are three main ways to earn the highest Diamonds in this interlude season. More importantly, the Hamster team has already hinted at big plans with these Diamonds rewards during Season 2, making players gather on the game again. 1. Play Other Native Games The Hamster team has placed heavy reward-earning opportunities on playing other native telegram games, which are accessible in the Cards sections. Before this, these games were under the playground sections, where the players earned keys and coins. However, now they can only collect Diamonds. More importantly, these games are also directly accessible on the Apple Play Store and iOS App Store, and the user can download the game, which mentions the in-game hamster icon. Each game will provide a completion code, which the player must place back into the Hamster Kombat dashboard to earn the rewards. 2. Complete Simple Tasks There are many other simple task-based earning options in this Interlude season, where the user can advantage of the Earn button. The players can perform simple tasks like referring the application to friends and family or watching Hamster Kombatâs YouTube videos. There are also awards for following this gameâs social media platforms. Though these tasks are simple, they are boring. So it is great that the interlude season will last only a few weeks. 3. Spend More To Earn More One of the most popular tap-to-earn games, Hamster Kombat, has now removed the earlier methods of making the players spend to upgrade the features of the crypto exchange. However, it has introduced a similar feature where the player should spend to earn. To do so, the player can visit the Playground bottom and go to the Mine cards options. This tab will offer a slate of upgrade cards, where the player will have to spend diamonds to upgrade the cardâs level. And once the user goes offline, it will offer diamonds based on the hours of their inactivity. However, the developers have put one catch, which demands the users to check the games at least once every three hours. The user will have to continuously monitor these earnings, as the accumulation will stop once the user goes offline for three hours. Final Thoughts After the controversy around transparency issues with the airdrop, HMSTR has been trending on X for days. However, that is settling slowly, with the players focusing on this new interlude season, which is full of opportunities to win rewards. Though this interlude season is nothing like the previous one, the players can still earn diamonds, which will play a significant role in the upcoming season. More importantly, the users can earn the highest diamonds with three simple Hamster Kombat tricks, including finishing simple tasks, playing Hamster Native games, and upgrading the card.
The Blockchain Shift: Why Media Companies are Turning to Immutable Technology
AdEx Network, a key figure in the blockchain media ecosystem, has proactively been developing solutions designed to suit the most important needs of the media market. Amid regulatory changes, innovation pivots, and strategic company rebrandings, the rapid advancement of blockchain technology has created a wave of adaption globally. As it does so, media companies have been increasingly turning to this technology to address challenges in the media industry. These include the likes of security, efficiency, and transparency. Imagine the automation of royalty distribution or the management of intellectual property rights all built on the blockchain. Through smart contracts this is not only possible but can drastically improve speed, trust, and reduce administrative costs from day one. Revenue Generation Blockchain tech allows media companies to develop new approaches to generating revenue through the exploration of new business models. These models comprise of advanced technological breakthrough such as the tokenization of assets for easier movement and monitoring.
For example, by tokenizing things such as advertisements or subscription packages, the blockchain bypasses the need for traditional business models and opens the door to more direct support from audiences. Market Access and Expansion Entering global markets is a huge milestone for most media companies in the modern world. From navigating regulatory requirements to catering to currency changes and audience preferences, it can quickly become overwhelming. Through blockchain tech, media companies can immediately access a global market that reduces, and potentially removes, traditional barriers like cross-border currency exchange and transaction fees. These elements make international expansion no more than a few clicks away. Future Predictions When considering the current rate of adoption of blockchain technology and its integration by companies from all industries, itâs fair to predict that the media industryâs shift toward this tech will accelerate in the coming years.
Binance Listing Triggers Over 20% Gains In This P2E Token
Crypto exchange Binance announced the launch of USD-Margined perpetual contract for League of Kingdoms Arena (LOKA), igniting over 20% gains. With crypto exchange giant Binance extending support to the League of Kingdoms Arena (LOKA) P2E crypto project, market sentiments surrounding the token turned highly bullish on Tuesday. LOKA price shot up nearly 20% as the exchange announced futures listing for the token on its platform. Meanwhile, traders appear to have reacted positively to the listing announcement, as even the coinâs intraday trading volume rocketed nearly 155%. Binance Debuts League of Kingdoms Arena (LOKA) Futures Trading In an official Binance announcement dated September 24, the leading crypto exchange revealed that it is launching the LOKAUSDT perpetual contract today at 11:30 UTC. This decision by the exchange comes as a mover to expand the list of trading choices offered on the platform. Binance notified that users could enjoy up to 75x leverage when trading the asset. The capped funding rate was set at +2.00% / -2.00%, per the announcement. Further, the tick size was set at 0.0001 by one of the top crypto exchange. However, the listing announcement also notified users that the perpetual contract may be subject to potential changes ahead, primarily due to market risk conditions. These potential changes could encompass adjustments in funding fee, tick size, maximum leverage, initial margin, and maintenance margin requirements. Itâs also worth noting that League of Kingdoms (LOKA) is a blockchain-based Massively Multiplayer Online (MMO) strategy game. For context, it is also a play-to-earn ecosystem that allows players to earn real income through in-game participation. P2E Token Price Blows Up 20% At press time, LOKA price shot up slightly over 20% from its 24-hour low to trade at $0.2723. The coinâs intraday low and high were $0.2236 and $0.2959, respectively. LOKAâs 24-hour trading volume experienced a 155% surge to $22.74 million in light of Binanceâs listing announcement. Intriguingly, todayâs price upswing primarily aligns with the futures trading announcement, as also seen in other tokensâ price action post-listing. Notably, Aavegotchi (GHST) price soared nearly 37% on Binance futures listing, CoinGape Media reported yesterday. Simultaneously, another report revealed that Telegram-based P2E crypto project Catizen (CATI) price skyrocketed remarkably on its debut on the exchange. Overall, these chronicles validate LOKAâs price upswing witnessed today.
Crypto-Friendly SEC Commissioner Mark Uyeda Objects to Consolidated Audit Trial for Crypto
SEC commissioner Mark Uyeda said that audit trials tracking sensitive investor data is over-regulation of private funds and breaching privacy. Gary Gensler, the Chairman of the U.S. Securities and Exchange Commission (SEC), along with five SEC commissioners is all set to testify before the House Financial Services Committee on Tuesday, September 24. A day before, crypto-friendly SEC Commissioner Mark Uyeda objected to the consolidated audit trail (CAT) for cryptocurrencies, as it seeks to track investorsâ sensitive data. SEC Commissioner Objects to Audit Trails for Crypto Ahead of the Gary Gensler testimony on Tuesday, SEC Commissioner Mark Uyeda said that the House of Financial Services Committee, dominated by Republicans, is likely to grill Gensler and Democrats over their tough regulatory stand on cryptocurrencies. Uyeda also said that the Democratâs proposal of a consolidated audit trail (CAT) on crypto is nothing but overregulation of private funds. In his recent interview with Fox Business, the SEC Commissioner said: âThe Consolidated Audit Trail is a system that one would expect to find in a surveillance state, not the land of freedom and libertyâ. The Republicans have opposed to regulatory overreach and increased government surveillance on the crypto industry. Besides, they have also shared growing concerns about the SECâs unrestricted access to tradersâ sensitive personal data through the CAT. This violates privacy rules said Uyeda. Furthermore, the SEC demands that broker-dealers and industry participants help fund the database by paying fees tied to their trading volumes. Commenting on this, SEC Commissioner Uyeda said: Mark Uyeda Opposes SECâs Handing of Crypto Regulations The US securities regulator has been facing major opposition to regulating the $2 trillion crypto industry. Speaking to Fox Business, SEC Commissioner Uyeda said that the regulator has failed to provide a comprehensive list of crypto firms that can operate in the US. We have not provided the rules of the road for crypto, other than to declare that nearly all are securities, nor have we provided a practical pathway to comply with our rules. Instead, we have wasted time and money on crypto enforcement actions that provide limited guidance at best,â he said. Commissioner Uyeda also stated that while the SEC has been using enforcement resources on crypto, it has fallen short of protecting investors from crypto scams. âPresuming that everyone in the market is a potential scammer and fraudster unless proven innocent is the wrong course of action â and not the American way,â said Mark Uyeda.
Bitcoin: Analysis Firm Explores Possible Future Scenarios for the Cryptocurrency
Alphractal, a cryptocurrency analysis firm, has voiced concerns about Bitcoin's current market trajectory, suggesting it may be on the verge of entering a bear market phase. In their latest report, the firm emphasized the importance of Bitcoinâs spent output profit ratio (SOPR), a key indicator of market trends. By incorporating SOPR with both exponential and simple moving averages (EMA and MA), Alphractal aims to filter out market hype and provide more reliable entry and exit signals. This method has been critical in identifying Bitcoinâs market cycles since 2015, with bull markets generally being shorter and bear markets tending to last longer. In 2024, Alphractal detected an unusual pattern in Bitcoinâs market behavior. The firm observed that only one SOPR signal had dipped below the critical threshold of 1.015, a typical indicator of a looming bear market. This contrasts with past cycles, where two such signals preceded sustained bearish trends. According to the analysis, Bitcoin could either reach a new all-time high, similar to its peak in November 2021, or face the onset of a bear market. Alternatively, the SOPR could rise again, initiating a re-accumulation phase reminiscent of the 2019-2020 period, potentially setting Bitcoin up for future gains. However, this process may take several months to unfold.
Pyth Network Introduces Staking for Better Data Accountability
The Pyth Network has introduced Oracle Integrity Staking (OIS), a feature designed to enhance accountability among data sources by implementing staking rewards and penalties. The goal is to ensure high-quality real-time price feeds across the decentralized finance (DeFi) ecosystem. OIS brings decentralized staking to the Pyth network, allowing PYTH token holders and data providers to stake tokens and earn rewards linked to the quality of the data they supply. To ensure data reliability, the system incorporates a slashing mechanism, penalizing contributors who provide inaccurate data. This structure holds both stakers and publishers accountable, promoting a trustworthy network. In this system, participants can delegate their PYTH tokens to data providers, increasing their reward potential. However, if a provider fails to meet the networkâs standards, stakers supporting them could face penalties, encouraging a more selective and responsible approach to staking. The staking process is straightforward, involving a four-step method where participants stake tokens, select publishers, and earn rewards based on publisher performance after a short warm-up period.
Solana to Lead Future of Tokenized Assets Says Scaramucci, $200 Coming?
Anthony Scaramucci said Solana will lead the future of tokenized assets ciuting huge potential of tokenization in financial industry. Real World Asset (RWA) tokenization has recently taken center stage with some of the top industry players focusing on this next shift in the blockchain industry. While speaking at the Breakpoint 2024 conclave, SkyBridge Capital founder Anthony Scaramucci said that tokenization will play a massive role in transaction verification, with Solana playing a key role in the tokenized assets industry. Solana to Lead the Future of Tokenized Assets SkyBridge Capital founder Anthony Scaramucci stressed the importance of asset tokenization in streamlining financial systems adding that the industry spends $7 billion per year globally on transaction verification. He also added that tokenization will eliminate the need for third-party intermediaries thereby reducing unnecessary friction in transactions. While speaking at the Breakpoint 2024 conclave, Scaramucci praised Solana for its leadership in the tokenized assets space, adding that it would lead future developments. âThe future is tokenized, and Solana is leading,â Scaramucci remarked. Recently, Scaramuucci has also been closely working on Kamala Harrisâs crypto policies. He added that tokenization will make the trading of assets more flawless in comparison to the existing system with friction. At the recent Breakpoint 2024 event, Solana announced key partnerships with financial giants like Franklin Templeton and Citi Bank. As part of this partnership, Fraklin will leverage the SOL blockchain for its on-chain mutual fund. On the other hand, Citi Bank is also exploring the Layer-1 blockchain to process transfers along with other smart contract services. On the other hand, $100 billion asset management giant WisdomTree has unveiled a new platform to provide seamless access to real-world tokenized assets. The WisdomTree Government Money Market Digital Fund allows users to engage meaningfully with tokenized assets. Interestingly, the tokens on the platform will be initially minted on the Ethereum blockchain. SOL Price Rally Ahead? The SOL price has given a strong recovery of more than 10% from the support levels of $130 this week. This puts the altcoin in a comfortable situation to kickstart a further rally from here onwards for a Solana rally to $200. Popular trader Peter Brandt showed that SOL is gearing up for a strong rally henceforth with the potential of another 30% gain from here. As of press time, the SOL price is trading at $145 levels. As per the image shared by Peter Brandt, SOL has been consolidating in the range of $130-$210. Thus, it can proceed further to the upper end of this range in the coming days.