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Copy trading can be profitable for some people, but it also comes with risks. It involves copying the trades of successful traders. It's essential to research the traders you're copying and understand their strategies. Remember, the markets can be volatile, so it's crucial to be cautious and informed before getting into copy trading.
Copy trading can be risky due to various factors. One significant risk is that you're essentially entrusting your money to someone else's trading decisions. If the trader you're copying makes poor choices, you could end up losing money as well. Additionally, market volatility can impact the trades being copied, leading to potential losses. It's crucial to carefully assess the traders you're considering copying and to diversify your copy trading portfolio to help manage risks.
The main point of copy trading is to replicate the trades of successful traders. By copying their strategies, you aim to benefit from their expertise and potentially generate profits in the financial markets. Just remember to conduct thorough research on the traders you plan to copy and to stay informed about market conditions to make sound decisions.
#IntroToCopytrading
Copy trading can be risky due to various factors. One significant risk is that you're essentially entrusting your money to someone else's trading decisions. If the trader you're copying makes poor choices, you could end up losing money as well. Additionally, market volatility can impact the trades being copied, leading to potential losses. It's crucial to carefully assess the traders you're considering copying and to diversify your copy trading portfolio to help manage risks.
The main point of copy trading is to replicate the trades of successful traders. By copying their strategies, you aim to benefit from their expertise and potentially generate profits in the financial markets. Just remember to conduct thorough research on the traders you plan to copy and to stay informed about market conditions to make sound decisions.
#IntroToCopytrading
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Explore the surge of PIXEL in the crypto gaming sector, its integration with the Pixels gaming platform, and the implications for the future of Web3 gaming and blockchain technology.
Imagine diving into a digital realm where every click, every decision, and every victory not only brings you joy but also tangible rewards in the form of cryptocurrency. This is not a distant fantasy but the reality for those who have embraced PIXEL, the latest sensation in the crypto gaming sector. Within a mere 24 hours of its launch, PIXEL's value skyrocketed by over 12%, hitting an all-time high of $0.6872 and amassing a market capitalization of $452 million. But what is it about PIXEL that has the digital world abuzz? Let's delve into the heart of this digital revolution.
PIXEL's Phenomenal Rise: A New Star in the Crypto Gaming Universe
Imagine diving into a digital realm where every click, every decision, and every victory not only brings you joy but also tangible rewards in the form of cryptocurrency. This is not a distant fantasy but the reality for those who have embraced PIXEL, the latest sensation in the crypto gaming sector. Within a mere 24 hours of its launch, PIXEL's value skyrocketed by over 12%, hitting an all-time high of $0.6872 and amassing a market capitalization of $452 million. But what is it about PIXEL that has the digital world abuzz? Let's delve into the heart of this digital revolution.
The Catalysts Behind the Surge
PIXEL's meteoric rise can be attributed to a confluence of factors. Its listing on Binance, one of the largest cryptocurrency exchanges, significantly amplified its visibility and accessibility to investors worldwide. This, coupled with its integration into the Pixels gaming platform, attracted over 260,000 daily active users, eager to explore the multifaceted utility the token offers. From facilitating transactions and accessing premium features to NFT minting and participating in VIP memberships and guilds, PIXEL serves as the lifeblood of the Pixels ecosystem
#Write2Earn #Pixels #TrendingTopic #ETH
Imagine diving into a digital realm where every click, every decision, and every victory not only brings you joy but also tangible rewards in the form of cryptocurrency. This is not a distant fantasy but the reality for those who have embraced PIXEL, the latest sensation in the crypto gaming sector. Within a mere 24 hours of its launch, PIXEL's value skyrocketed by over 12%, hitting an all-time high of $0.6872 and amassing a market capitalization of $452 million. But what is it about PIXEL that has the digital world abuzz? Let's delve into the heart of this digital revolution.
PIXEL's Phenomenal Rise: A New Star in the Crypto Gaming Universe
Imagine diving into a digital realm where every click, every decision, and every victory not only brings you joy but also tangible rewards in the form of cryptocurrency. This is not a distant fantasy but the reality for those who have embraced PIXEL, the latest sensation in the crypto gaming sector. Within a mere 24 hours of its launch, PIXEL's value skyrocketed by over 12%, hitting an all-time high of $0.6872 and amassing a market capitalization of $452 million. But what is it about PIXEL that has the digital world abuzz? Let's delve into the heart of this digital revolution.
The Catalysts Behind the Surge
PIXEL's meteoric rise can be attributed to a confluence of factors. Its listing on Binance, one of the largest cryptocurrency exchanges, significantly amplified its visibility and accessibility to investors worldwide. This, coupled with its integration into the Pixels gaming platform, attracted over 260,000 daily active users, eager to explore the multifaceted utility the token offers. From facilitating transactions and accessing premium features to NFT minting and participating in VIP memberships and guilds, PIXEL serves as the lifeblood of the Pixels ecosystem
#Write2Earn #Pixels #TrendingTopic #ETH
Bitcoin and other cryptocurrencies were mixed early Monday. The sector is still being weighed down by fears of a selloff despite hopes of looser U.S. monetary policy.
Bitcoin rose 0.1% to $57,742 over the past 24 hours.
The largest cryptocurrency briefly rallied above $58,000 over the weekend, following Friday’s payroll report, which signaled the U.S. labor market is cooling—potentially pushing the Federal Reserve officials to cut interest rates as early as September. However, Bitcoin then dropped back, seemingly amid renewed fears over the selling pressure created by refunds from collapsed crypto exchange Mt. Gox.
“The incapacity to surpass and maintain $57,000 would make us establish an initial bearish target at $50,000. However, recovering $58,000 would mean opening the way to $60,000 first and next the $64,000 lost last week,” wrote Javier Molina, an eToro markets analyst, in a research note.
Bitcoin hit a record high near $74,000 in mid-March amid a surge of interest from new spot exchange-traded funds but its price has dropped since then.
Ether —the second-largest crypto—was up 1.8% at $2,3066 and has risen more than 60% over the past 12 months.
The Securities and Exchange Commission recently approved critical rule changes to allow spot Ether exchange-traded funds to trade. The final approvals for the ETFs should come this summer, U.S. Securities and Exchange Commission Chair Gary Gensler told senators in a recent budget hearing.
Smaller cryptos, or altcoins, were mixed with Solana gaining 0.7%, Cardano rising 2.5% and Dogecoin losing 0.9%.
$BTC
Bitcoin rose 0.1% to $57,742 over the past 24 hours.
The largest cryptocurrency briefly rallied above $58,000 over the weekend, following Friday’s payroll report, which signaled the U.S. labor market is cooling—potentially pushing the Federal Reserve officials to cut interest rates as early as September. However, Bitcoin then dropped back, seemingly amid renewed fears over the selling pressure created by refunds from collapsed crypto exchange Mt. Gox.
“The incapacity to surpass and maintain $57,000 would make us establish an initial bearish target at $50,000. However, recovering $58,000 would mean opening the way to $60,000 first and next the $64,000 lost last week,” wrote Javier Molina, an eToro markets analyst, in a research note.
Bitcoin hit a record high near $74,000 in mid-March amid a surge of interest from new spot exchange-traded funds but its price has dropped since then.
Ether —the second-largest crypto—was up 1.8% at $2,3066 and has risen more than 60% over the past 12 months.
The Securities and Exchange Commission recently approved critical rule changes to allow spot Ether exchange-traded funds to trade. The final approvals for the ETFs should come this summer, U.S. Securities and Exchange Commission Chair Gary Gensler told senators in a recent budget hearing.
Smaller cryptos, or altcoins, were mixed with Solana gaining 0.7%, Cardano rising 2.5% and Dogecoin losing 0.9%.
$BTC
Ethereum (ETH) fell below $3,000 for the first time in 50 days, causing a shockwave among crypto investors. This drop raises questions about the future of the market.
The decline of Ethereum to $2,871 is part of a broader correction in the crypto market. On July 5, the total market capitalization of cryptocurrencies fell below $2 trillion, a level unseen since February. This widespread decline also affected Bitcoin (BTC), which fell to $54,953.
The reasons for this drop are multiple. The bankruptcy of Mt. Gox transferred 47,229 bitcoins, worth $2.6 billion, to a new address, increasing selling pressure on the market.
Additionally, the German government has transferred 7,583 BTC to exchanges since June 19, further adding to this pressure with a total value of $415 million.
These movements have led to massive liquidations of long positions, including $235 million in Ethereum futures contracts.
Volatility is an inherent characteristic of the crypto market. While it can offer significant gain opportunities, it also carries major risks. Traders who were hoping for stability post-ETF launches are facing a very different reality
The famous economist and crypto-skeptic Peter Schiff recently predicted a drop of Ethereum to $1,500. This forecast, although pessimistic, reflects growing concerns within the crypto community.
Schiff points out that Ethereum is going through critical support levels, and the recent drop below $3,000 seems to prove him right.
However not everything is bleak. Franklin Templeton, a global asset manager, published an optimistic report on Ethereum, highlighting its technological advancements and economic potential
This increased selling context has therefore exacerbated the market correction, raising fears of the end of the recent cryptocurrency bull run.
$ETH
The decline of Ethereum to $2,871 is part of a broader correction in the crypto market. On July 5, the total market capitalization of cryptocurrencies fell below $2 trillion, a level unseen since February. This widespread decline also affected Bitcoin (BTC), which fell to $54,953.
The reasons for this drop are multiple. The bankruptcy of Mt. Gox transferred 47,229 bitcoins, worth $2.6 billion, to a new address, increasing selling pressure on the market.
Additionally, the German government has transferred 7,583 BTC to exchanges since June 19, further adding to this pressure with a total value of $415 million.
These movements have led to massive liquidations of long positions, including $235 million in Ethereum futures contracts.
Volatility is an inherent characteristic of the crypto market. While it can offer significant gain opportunities, it also carries major risks. Traders who were hoping for stability post-ETF launches are facing a very different reality
The famous economist and crypto-skeptic Peter Schiff recently predicted a drop of Ethereum to $1,500. This forecast, although pessimistic, reflects growing concerns within the crypto community.
Schiff points out that Ethereum is going through critical support levels, and the recent drop below $3,000 seems to prove him right.
However not everything is bleak. Franklin Templeton, a global asset manager, published an optimistic report on Ethereum, highlighting its technological advancements and economic potential
This increased selling context has therefore exacerbated the market correction, raising fears of the end of the recent cryptocurrency bull run.
$ETH
Pseudonymous analyst Rekt Capital says that one benchmark indicator is signaling that Bitcoin (BTC) is currently undervalued, with more upside to be captured.
In a new video update, the analyst takes a look at the Pi Cycle top indicator, which has been used on Bitcoin for nearly a decade.
The Pi Cycle top indicator uses the 111-day moving average (DMA) and a multiple of the 350 DMA.
According to Rekt Capital, price trading below the 111 DMA has historically been a “bargain” opportunity for BTC bulls.
Throughout 2017, any deviation below the orange moving average has been a fantastic buy-side opportunity. This is probably going to be the moment of absolute extreme fear and capitulation on the sell side.
On the upside, we tend to see revisits of the green moving average, and when we do see these revisits, we tend to reject on the first time of asking. On the second time or third time of asking, we break beyond this green moving average. We’re probably going to be able to over-extend beyond there, like we’ve seen many times in the past.”$BTC
In a new video update, the analyst takes a look at the Pi Cycle top indicator, which has been used on Bitcoin for nearly a decade.
The Pi Cycle top indicator uses the 111-day moving average (DMA) and a multiple of the 350 DMA.
According to Rekt Capital, price trading below the 111 DMA has historically been a “bargain” opportunity for BTC bulls.
Throughout 2017, any deviation below the orange moving average has been a fantastic buy-side opportunity. This is probably going to be the moment of absolute extreme fear and capitulation on the sell side.
On the upside, we tend to see revisits of the green moving average, and when we do see these revisits, we tend to reject on the first time of asking. On the second time or third time of asking, we break beyond this green moving average. We’re probably going to be able to over-extend beyond there, like we’ve seen many times in the past.”$BTC
Polygon (MATIC) has fallen by 0.22% in the last 24 hours, and 92% of the addresses are out of money. This alarming situation has been exacerbated by the token’s drop to a nine-month low! This is raising concerns among crypto investors and traders. The price of MATIC is currently below the 50 and 200-period moving averages. Generally, this is a sign of a short-term bearish trend. The bearish pressure is palpable, but could we see a trend reversal soon?
The Moving Average Convergence Divergence (MACD) seems to indicate that a bullish crossover could be imminent, despite the current bearish momentum. Moreover, the consolidation around current price levels, combined with a potential bullish MACD crossover, suggests that crypto buyers might be slowly gaining strength. This could be the key to regenerating bullish strength in the altcoin market.
Despite the dominance of bears in the crypto market, entry volumes on exchanges have seen major spikes! A typical indicator of selling pressure as investors move their tokens to exchanges, possibly to sell. However, recent MATIC trends reveal a steady decline in entries, which means immediate selling pressure could be diminishing. For a bullish reversal to gain momentum, market sentiment needs a massive bullish trigger, whether it is related to the network or broader economic trends.
In conclusion, while the current situation for MATIC may seem bleak, technical indicators and trading activities offer a glimmer of hope for a potential bullish reversal. Crypto investors and traders should remain vigilant and closely monitor these developments to navigate these tumultuous waters prudently.
#Write2Earn! $MATIC
The Moving Average Convergence Divergence (MACD) seems to indicate that a bullish crossover could be imminent, despite the current bearish momentum. Moreover, the consolidation around current price levels, combined with a potential bullish MACD crossover, suggests that crypto buyers might be slowly gaining strength. This could be the key to regenerating bullish strength in the altcoin market.
Despite the dominance of bears in the crypto market, entry volumes on exchanges have seen major spikes! A typical indicator of selling pressure as investors move their tokens to exchanges, possibly to sell. However, recent MATIC trends reveal a steady decline in entries, which means immediate selling pressure could be diminishing. For a bullish reversal to gain momentum, market sentiment needs a massive bullish trigger, whether it is related to the network or broader economic trends.
In conclusion, while the current situation for MATIC may seem bleak, technical indicators and trading activities offer a glimmer of hope for a potential bullish reversal. Crypto investors and traders should remain vigilant and closely monitor these developments to navigate these tumultuous waters prudently.
#Write2Earn! $MATIC
Curve Finance has changed its fee distribution mechanism, transitioning from the 3cr token to its native stablecoin, crvUSD.
The move aims to improve crvUSD’s utility and integrate the stablecoin into the Curve Finance ecosystem to incentivize users.
(What users need to know)
According to a press release shared with Cointelegraph, the switch in fee distribution to crvUSD will create “an additional supply sink for the stablecoin.”
The release explains that uncollected fees are mainly responsible for the “supply sink,” potentially increasing the total value locked (TVL).
Michael Egorov, the founder of Curve Finance, spoke with Cointelegraph about how the switch would impact Curve Finance users:
“The transition to crvUSD means that users will now obtain fees in a dollar-denominated stablecoin. This shift simplifies the process significantly, as crvUSD doesn’t have to be converted to anything else to be utilized in Curve Finance products.”
The move aims to improve crvUSD’s utility and integrate the stablecoin into the Curve Finance ecosystem to incentivize users.
(What users need to know)
According to a press release shared with Cointelegraph, the switch in fee distribution to crvUSD will create “an additional supply sink for the stablecoin.”
The release explains that uncollected fees are mainly responsible for the “supply sink,” potentially increasing the total value locked (TVL).
Michael Egorov, the founder of Curve Finance, spoke with Cointelegraph about how the switch would impact Curve Finance users:
“The transition to crvUSD means that users will now obtain fees in a dollar-denominated stablecoin. This shift simplifies the process significantly, as crvUSD doesn’t have to be converted to anything else to be utilized in Curve Finance products.”
#ListaNewEra
A key factor in LISTA’s price surge appears to be its listing on Binance, one of the world’s largest cryptocurrency exchanges
LISTA was featured in a Binance MegaDrop event, which likely contributed to increased visibility and demand for the token.
The token price has risen 37% since its airdrop and exchange listings.
Approximately 59% of the claimed airdrop tokens (31.1 million LISTA) were concentrated among just 12 receiving entities.
In the 20 hours following the airdrop, 25 million LISTA tokens (valued at $16.8 million) were either sold through decentralized exchanges (DEXs) or deposited on centralized exchanges like Binance and Bitget.
This concentration of tokens and subsequent trading activity may have contributed to the token’s price volatility and rapid appreciation.
LayerZero (ZRO) Gains Momentum
While not as dramatic as LISTA’s surge, LayerZero’s ZRO token has also seen major gains, with a 220% increase in the last 24 hours.
$LISTA
A key factor in LISTA’s price surge appears to be its listing on Binance, one of the world’s largest cryptocurrency exchanges
LISTA was featured in a Binance MegaDrop event, which likely contributed to increased visibility and demand for the token.
The token price has risen 37% since its airdrop and exchange listings.
Approximately 59% of the claimed airdrop tokens (31.1 million LISTA) were concentrated among just 12 receiving entities.
In the 20 hours following the airdrop, 25 million LISTA tokens (valued at $16.8 million) were either sold through decentralized exchanges (DEXs) or deposited on centralized exchanges like Binance and Bitget.
This concentration of tokens and subsequent trading activity may have contributed to the token’s price volatility and rapid appreciation.
LayerZero (ZRO) Gains Momentum
While not as dramatic as LISTA’s surge, LayerZero’s ZRO token has also seen major gains, with a 220% increase in the last 24 hours.
$LISTA
Turkey’s biggest cryptocurrency market BtcTurk said in an announcement on Saturday that their exchange had been hacked, while a popular Bitcoin analyst claimed that the amount of money stolen amounted to nearly 51 million euros.
“Our teams have detected that there was a cyber attack on our platform on June 22, 2024, which caused uncontrolled withdrawals to be processed. Only some of the balances in the hot wallets of 10 cryptocurrencies were affected by the cyber attack in question, and our cold wallets, where most of the assets are kept, are safe,” the exchange said in the statement.
A hot wallet is a cryptocurrency wallet that is always connected to the internet or another connected device - whereas a cold wallet is one that is offline and so safe from hacking.
BtcTurk's financial strength is well above the amounts affected by this attack, and user assets will not be affected by these losses,” the market added.
The exchange further added that they are conducting a “detailed research” on the matter and security authorities have been noticed.
“As a precaution, cryptocurrency deposits and withdrawals have been stopped and will be made available for use as soon as our work is completed,” BtcTurk concluded in the statement.
“We thank you for your understanding during this process and inform you that we will share with you all developments regarding the issue.”
ZachXBT, a well-known Bitcoin analyst said in a post on X that he thinks “the culprit is likely this address I have been watching who has been moving 1.96M AVAX ($54.2M) and transferring to Coinbase/THORChain.” The analyst also attached a cryptocurrency address to their post.
Cryptocurrencies are highly popular in Turkey, and the country is the fourth-largest crypto trading market in the world.
Cryptocurrency use in Turkey started to increase rapidly after 2020 as a defence against a deep slide in the value of the lira.
Faruk Fatih Ozer, the founder of Thodex, one of Turkey's largest crypto exchanges that turned out to be an exit scam, was jailed last year for 11,196 years
“Our teams have detected that there was a cyber attack on our platform on June 22, 2024, which caused uncontrolled withdrawals to be processed. Only some of the balances in the hot wallets of 10 cryptocurrencies were affected by the cyber attack in question, and our cold wallets, where most of the assets are kept, are safe,” the exchange said in the statement.
A hot wallet is a cryptocurrency wallet that is always connected to the internet or another connected device - whereas a cold wallet is one that is offline and so safe from hacking.
BtcTurk's financial strength is well above the amounts affected by this attack, and user assets will not be affected by these losses,” the market added.
The exchange further added that they are conducting a “detailed research” on the matter and security authorities have been noticed.
“As a precaution, cryptocurrency deposits and withdrawals have been stopped and will be made available for use as soon as our work is completed,” BtcTurk concluded in the statement.
“We thank you for your understanding during this process and inform you that we will share with you all developments regarding the issue.”
ZachXBT, a well-known Bitcoin analyst said in a post on X that he thinks “the culprit is likely this address I have been watching who has been moving 1.96M AVAX ($54.2M) and transferring to Coinbase/THORChain.” The analyst also attached a cryptocurrency address to their post.
Cryptocurrencies are highly popular in Turkey, and the country is the fourth-largest crypto trading market in the world.
Cryptocurrency use in Turkey started to increase rapidly after 2020 as a defence against a deep slide in the value of the lira.
Faruk Fatih Ozer, the founder of Thodex, one of Turkey's largest crypto exchanges that turned out to be an exit scam, was jailed last year for 11,196 years
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POSSIBLE REASONS BEHIND THE BINANCE COIN (BNB) PRICE RALLY
Possible Reasons Behind the Binance Coin (BNB) Price Rally
This is the first time since November 2022 that BNB experienced these price levels. Will BNB regain investors' trust?
Binance’s native cryptocurrency, BNB, soared to its highest level since November 2022, climbing to over $380, renewing optimism among investors after legal struggles and CZ stepping down from its CEO position.
BNB remains the fourth-largest cryptocurrency by market capitalization, peaking at $386 —a 7.70% gain over the past week, according to CoinMarketCap data. Most market observers attribute the surge to a sentiment shift towards BNB after Binance settled with US authorities.
Airdrop Frenzy Benefits Crypto Assets
Airdrops are one of the hottest topics in the crypto space, drawing interest and criticism alike. But one thing remains true — airdrops have become one of the best marketing strategies for DeFi protocols, capturing awareness and new traffic and potentially increasing a coin’s value in a blockchain network.
That said, the recent rally in BNB’s price can be partly attributed to the hype surrounding an airdrop farming campaign initiated by the web3 gaming project Portal. Binance introduced Portal to its Launchpool, allowing users to participate in the project’s PORTAL token airdrop scheduled for Feb. 29.
According to blockchain intelligence firm Arkham, BNB holders transferred over $400 million worth of BNB tokens to Portal within 24 hours after the announcement.
#strk #TrendingTopic #Write2Earn
CRYPTO BITS
POSSIBLE REASONS BEHIND THE BINANCE COIN (BNB) PRICE RALLY
Possible Reasons Behind the Binance Coin (BNB) Price Rally
This is the first time since November 2022 that BNB experienced these price levels. Will BNB regain investors' trust?
Binance’s native cryptocurrency, BNB, soared to its highest level since November 2022, climbing to over $380, renewing optimism among investors after legal struggles and CZ stepping down from its CEO position.
BNB remains the fourth-largest cryptocurrency by market capitalization, peaking at $386 —a 7.70% gain over the past week, according to CoinMarketCap data. Most market observers attribute the surge to a sentiment shift towards BNB after Binance settled with US authorities.
Airdrop Frenzy Benefits Crypto Assets
Airdrops are one of the hottest topics in the crypto space, drawing interest and criticism alike. But one thing remains true — airdrops have become one of the best marketing strategies for DeFi protocols, capturing awareness and new traffic and potentially increasing a coin’s value in a blockchain network.
That said, the recent rally in BNB’s price can be partly attributed to the hype surrounding an airdrop farming campaign initiated by the web3 gaming project Portal. Binance introduced Portal to its Launchpool, allowing users to participate in the project’s PORTAL token airdrop scheduled for Feb. 29.
According to blockchain intelligence firm Arkham, BNB holders transferred over $400 million worth of BNB tokens to Portal within 24 hours after the announcement.
#strk #TrendingTopic #Write2Earn
Cryptocurrency to Have in Your Portfolio for the 2024 Altcoin Season
The cryptocurrency market is anticipating the next altcoin season, which is expected to start in 2024. With hundreds of thousands of cryptocurrencies to choose from, it can be overwhelming for investors to decide which ones to add to their portfolios. However, one cryptocurrency stands out as a top contender to thrive in 2024, Pandoshi (PAMBO).
An Overview of Pandoshi (PAMBO)
Pandoshi (PAMBO) draws inspiration from the decentralization ideologies of Bitcoin founder Satoshi Nakamoto. It champions privacy, anonymity, and monetary freedom, the very tenets that gave rise to cryptocurrencies.
Unlike meme coins, which fall short in terms of utility, Pandoshi (PAMBO) is building an entire ecosystem of decentralized finance (DeFi) products. These include the PandaChain Layer-2 blockchain, PandoshiSwap decentralized exchange, non-custodial Pandoshi Wallet, Cardoshi crypto cards, and more.
The native utility token, PAMBO, drives the Pandoshi (PAMBO) ecosystem. It serves as gas for transactions on PandaChain and offers holders various other benefits. PAMBO also benefits from the buy and burn mechanism on PandoshiSwap and Cardoshi, making it deflationary
Why Pandoshi (PAMBO) is Set to Thrive in 2024
Pandoshi (PAMBO) is rapidly building out its ecosystem of DeFi products. The key products launching in 2024 include:
PandaChain Mainnet: Slated for Q3 2024, PandaChain is a Layer 2 proof-of-stake blockchain tailored for the Pandoshi ecosystem. It will increase the burn rate of PAMBO and reduce transaction fees.
PandoshiSwap Decentralized Exchange: PandoshiSwap will launch with PAMBO trading pairs. It will be integrated with PandoshiChain to bolster PAMBO’s deflationary mechanism.
Non-Custodial Pandoshi Wallet: The much-awaited Pandoshi Wallet has already launched for Android users, with an iOS app coming soon. It makes storing and transacting PAMBO seamless.
Cardoshi Crypto Cards: Crypto debit cards will offer users this functionality for seamless spending.
#Write2Earn #altscoins
The cryptocurrency market is anticipating the next altcoin season, which is expected to start in 2024. With hundreds of thousands of cryptocurrencies to choose from, it can be overwhelming for investors to decide which ones to add to their portfolios. However, one cryptocurrency stands out as a top contender to thrive in 2024, Pandoshi (PAMBO).
An Overview of Pandoshi (PAMBO)
Pandoshi (PAMBO) draws inspiration from the decentralization ideologies of Bitcoin founder Satoshi Nakamoto. It champions privacy, anonymity, and monetary freedom, the very tenets that gave rise to cryptocurrencies.
Unlike meme coins, which fall short in terms of utility, Pandoshi (PAMBO) is building an entire ecosystem of decentralized finance (DeFi) products. These include the PandaChain Layer-2 blockchain, PandoshiSwap decentralized exchange, non-custodial Pandoshi Wallet, Cardoshi crypto cards, and more.
The native utility token, PAMBO, drives the Pandoshi (PAMBO) ecosystem. It serves as gas for transactions on PandaChain and offers holders various other benefits. PAMBO also benefits from the buy and burn mechanism on PandoshiSwap and Cardoshi, making it deflationary
Why Pandoshi (PAMBO) is Set to Thrive in 2024
Pandoshi (PAMBO) is rapidly building out its ecosystem of DeFi products. The key products launching in 2024 include:
PandaChain Mainnet: Slated for Q3 2024, PandaChain is a Layer 2 proof-of-stake blockchain tailored for the Pandoshi ecosystem. It will increase the burn rate of PAMBO and reduce transaction fees.
PandoshiSwap Decentralized Exchange: PandoshiSwap will launch with PAMBO trading pairs. It will be integrated with PandoshiChain to bolster PAMBO’s deflationary mechanism.
Non-Custodial Pandoshi Wallet: The much-awaited Pandoshi Wallet has already launched for Android users, with an iOS app coming soon. It makes storing and transacting PAMBO seamless.
Cardoshi Crypto Cards: Crypto debit cards will offer users this functionality for seamless spending.
#Write2Earn #altscoins
Japan is moving Closer to Allowing Venture Capital Firms to Hold Crypto Assets
If approved in parliament, the draft bill could see VCs fund Web3 startups in exchange for crypto assets.
Japan's cabinet approved a bill that adds crypto to the list of assets the nation's investment funds and venture capital firms can acquire, the Ministry of Economy, Trade and Industry said Friday.
Japan has been a global leader in framing a regulatory framework for stablecoins, and has indicated plans to promote Web3 while remaining tough on user protection. In September 2023, Nikkei reported that the country planned to relax rules for VC firms to invest in crypto startups.
Now the cabinet has approved the move, the amended bill will be introduced and debated in the current session of parliament, the Diet.
The revision could see VCs fund Web3 startups in exchange for crypto assets.
The amendment of the Industrial Competitiveness Enhancement Act was passed with the stated objective to "promote the creation of new businesses and investment in industry" and provide "intensive support to medium-sized companies and startups that are the driving force of Japan's economy," the ministry said
#Write2Earn #Japan #crypto
If approved in parliament, the draft bill could see VCs fund Web3 startups in exchange for crypto assets.
Japan's cabinet approved a bill that adds crypto to the list of assets the nation's investment funds and venture capital firms can acquire, the Ministry of Economy, Trade and Industry said Friday.
Japan has been a global leader in framing a regulatory framework for stablecoins, and has indicated plans to promote Web3 while remaining tough on user protection. In September 2023, Nikkei reported that the country planned to relax rules for VC firms to invest in crypto startups.
Now the cabinet has approved the move, the amended bill will be introduced and debated in the current session of parliament, the Diet.
The revision could see VCs fund Web3 startups in exchange for crypto assets.
The amendment of the Industrial Competitiveness Enhancement Act was passed with the stated objective to "promote the creation of new businesses and investment in industry" and provide "intensive support to medium-sized companies and startups that are the driving force of Japan's economy," the ministry said
#Write2Earn #Japan #crypto
Popular Airdrops to Watch in 2024
Whether you’re new or a seasoned DeFi user, chances are you have heard the term airdrops every now and then.That’s because airdrops are a popular marketing strategy for DeFi protocols and crypto companies for several reasons:It allows protocols to reward their community members for their activity and engagement in their respective platforms, thus further incentivizing users to stay in the protocol.It helps projects drive awareness and new traffic to the brand and a product/service —especially if they’re releasing their native token.As DeFi evolved through the years, so did the way protocols planned their airdrop campaigns. Crypto projects are constantly developing sophisticated airdrop strategies and better ways of delivering rewards, like gifting non-fungible tokens (NFTs) that grant users unique merchandise or access to exclusive content.The following guide covers some of the hottest crypto airdrops for 2024 — potential, confirmed, and even recently distributed airdrops. You’ll soon notice that qualifying for them boils down to actively engaging with the protocols’ respective features, interacting with their testnets, creating new wallets, and referring friends to the protocol, among other activities.Note that any airdrop or token launch, unless confirmed by the respective protocol, is speculative and not guaranteed.JupiterJupiter is a leading liquidity aggregator on the Solana blockchain, with over 1.2 million users actively swapping and trading assets on its platform. It handles between 60% and 70% of all the DEX volume on Solana.Jupiter remained tokenless until the founding team unveiled their plan to launch the protocol’s native token, JUP, on January 31, accompanied by an official airdrop.The airdrop itself was successful, and JUP is now one of the top 100 cryptocurrencies by market cap.How did it work?Around 40% of the 10 billion JUP tokens are reserved for the community through airdrops.The tokens will distributed through four airdrop rounds, with the first happened January 31. Other dates will be disclosed.Half of the tokens will go to the community; 20% is vested for the Jupiter team.Token distribution is based on users’ past engagement with the platform, considering activities like trading volume on the site.The JUP token is designed to govern a future Jupiter DAO.Revenue sharing for the JUP token will only occur after Jupiter witnesses a tenfold increase in its user base, which is estimated to take two years.This means you can still qualify for the future rounds airdrop. Here’s how:Visit the Jupiter website and connect your Solana wallet.Choose one of the many activities in Jupiter, such as Swaps.You can also check out their Perpetual trading section or leverage their bridge feature to perform cross-chain operations.Since Jupiter is native to Solana, if you want to check out other top Solana protocols that are yet to launch a token, check out our video#Write2Earn #TrendingTopic #airdrop
5 Cryptocurrencies Under $1 With a Potential to Rise 3000%
While the cryptocurrency market is full of promises, some altcoins below the $1 mark, including VeChain, Flare, Algorand, XDC Network and Stellar, have stood out from the rest.
The global cryptocurrency market cap currently stands at $1.65 trillion, per CMC data. While Bitcoin (BTC) accounts for 51% of this valuation, with a market cap of $844.6 billion, contributions from other crypto assets cannot be overlooked, especially those under $1.
Some of these cryptocurrencies are grossly undervalued, according to market analysts, with emerging projections setting them up for substantial gains. We have compiled a list of five of these under $1 assets that could perform admirably well in the coming bull run.
#Write2Earn #algo #Stellar #Flare #XDC
While the cryptocurrency market is full of promises, some altcoins below the $1 mark, including VeChain, Flare, Algorand, XDC Network and Stellar, have stood out from the rest.
The global cryptocurrency market cap currently stands at $1.65 trillion, per CMC data. While Bitcoin (BTC) accounts for 51% of this valuation, with a market cap of $844.6 billion, contributions from other crypto assets cannot be overlooked, especially those under $1.
Some of these cryptocurrencies are grossly undervalued, according to market analysts, with emerging projections setting them up for substantial gains. We have compiled a list of five of these under $1 assets that could perform admirably well in the coming bull run.
#Write2Earn #algo #Stellar #Flare #XDC
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#bsfjheAlgorand and Hedera Join Forces to Develop Decentralized Wallet Recovery System$
The DeRec Alliance, a collaboration initiated by prominent entities within the Hedera and Algorand ecosystems, focuses on crafting an innovative system for decentralized digital asset retrieval. Recently, this initiative was unveiled by representatives of the HBAR and Algorand Foundations at the prestigious Crypto Finance Conference in St. Moritz. This consortium is dedicated to establishing a novel decentralized mechanism for the recovery of digital assets. This approach intends to simplify the existing processes and align them more closely with traditional web2 norms. The concept was jointly introduced by Hedera's Leemon Baird and Algorand's John Woods in a collabo$rative session. A key objective of the DeRec Alliance is to foster industry-wide collaboration to set benchmarks and develop open-source solutions for an intuitive
The DeRec Alliance, a collaboration initiated by prominent entities within the Hedera and Algorand ecosystems, focuses on crafting an innovative system for decentralized digital asset retrieval. Recently, this initiative was unveiled by representatives of the HBAR and Algorand Foundations at the prestigious Crypto Finance Conference in St. Moritz. This consortium is dedicated to establishing a novel decentralized mechanism for the recovery of digital assets. This approach intends to simplify the existing processes and align them more closely with traditional web2 norms. The concept was jointly introduced by Hedera's Leemon Baird and Algorand's John Woods in a collabo$rative session. A key objective of the DeRec Alliance is to foster industry-wide collaboration to set benchmarks and develop open-source solutions for an intuitive
