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Cryptoswaggy

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@Cryptoswaggy

I give you crypto news with swag

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Binance BNB First Burn: A Milestone in Tokenomics

Introduction:

In the world of cryptocurrency, Binance Coin (BNB) has emerged as a prominent player, gaining recognition for its utility and the strong ecosystem built around it. Binance, one of the largest cryptocurrency exchanges globally, has been spearheading the growth and development of BNB. One significant event in the BNB journey is the regular token burn initiated by Binance. In this article, we will delve into the details of the Binance BNB first burn, exploring its significance and th

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The global cryptocurrency market lost nearly 4% of its value in today’s session. Solana was another notable mover, falling by 9% today.
#crypto2023

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Dogecoin was one of the biggest losers in crypto markets on Tuesday
#dogecoin

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Biggest Movers: DOGE, SOL Big Losers
#dogecoin #solana

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In comparison to BTC, the decline in ETH was relatively muted, with prices hitting a ten-day low.
#ETH #BTC

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ethereum (ETH) was also a victim of the recent storm surrounding the market, with prices dropping below $1,800.
#ETH

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Following a high at $1,870.82 to start the week, ETH/USD slipped to an intraday low of $1,780.21 earlier today.
#ETH

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Weathering the Storm: How to Survive a Ranging Crypto Market

Crypto markets are known for their volatility, often characterized by periods of rapid price fluctuations and uncertainty. Surviving and navigating through a ranging crypto market can be challenging, but with the right strategies and mindset, investors can mitigate risks and even find opportunities. In this article, we explore key tactics to help you thrive during a ranging crypto market.

Understand Market Trends and Indicators:

To survive a ranging crypto market, it's crucial to closely monit

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Ethereum Validator Activation Queue Grows: 90,000+ Validators Waiting in Line
#Ethereum

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With the memecoin frenzy dying down, Ethereum gas fees have cooled, and Ordinals inscriptions have also decreased significantly.
#Ethereum #BTC

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Ordinals were introduced in January, and by the end of May, the number of Ordinal inscriptions on the Bitcoin blockchain had surpassed 10 million. Total fees paid for Ordinals inscriptions rose 700% in May to currently sit at 1,639 Bitcoin
#BTC

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the Bitcoin network registered many new memecoins, with Pepecoin (PEPE) achieving a billion-dollar market capitalization.
#pepecoin #BTC

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May was not just about the Ethereum memecoin frenzy; Bitcoin Ordinals also gained significant popularity. Ordinals enable decentralized storage of digital art on the Bitcoin blockchain.
#ETH #BTC

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Another prominent reason for the rise in the Ethereum gas fees was the surging popularity of memecoins on decentralized platforms, with mainstream centralized exchanges taking longer to list them.
#ETH

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A highly unusual shift in top 10 gas burning #altcoins has emerged today. Instead of $ETH , $WETH, and $USDT being at the top of the fee distribution list, we're seeing new assets like $TROLL, $APED, and $BOBO among them.
#crypto2023

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The dominance of memecoins in network activity was so high that it created an unusual shift in the top 10 gas-burning altcoins. Instead of ETH, Wrapped Ether (WETH), or Tether, memecoins such as Troll (TROLL), APED and BOBO became the top 10 spenders.
#ETH #crypto2023

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The memecoin frenzy started in late April and took center stage in May, leading to multiple new memecoins hitting the markets, such as Aped (APED), Bobo Coin (BOBO) and others.
#crypto2023

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The average gas fee — transaction fee — on the Ethereum network has cooled substantially in the first week of June after reaching a multimonth high in May, owing to the memecoin frenzy and much maximal extractable value (MEV) bot activities.
#ETH

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Ethereum gas fees cool down after May memecoin frenzy
Apart from Ethereum, Bitcoin’s meme frenzy via Ordinals has seen a steep decline from its high in May.
#ETH

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Latam Insights —Tether to Start Bitcoin Mining Operations in Uruguay; Lula Proposes Abandoning US Dollar
#crypto2023 #BTC