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💼💼💼💼💼💼💼💼 Ripple's #XRP Moves:
- Ripple transferred 60 million XRP.🤑
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#dyor #cryptocurrency #trendingnews #crypto
- Ripple transferred 60 million XRP.🤑
- Unknown wallet sent 29 million XRP to Bitstamp.
- Reasons for transfers unclear.
#dyor #cryptocurrency #trendingnews #crypto
Japan Crypto Tax Guide 2024
Are you a Japanese Crypto Investor struggling with crypto taxes? Don’t worry you’re not alone. A majority of crypto investors in Japan struggle with crypto taxes given the complexity of the guidelines governing the taxation of such assets and the inherent complexity of crypto as an asset. Japan is among the strictest nations in the world when it comes to crypto taxes having one of the highest tax rates on crypto transactions which may go up to 55% in some instances.
We realise that navigating crypto taxes can be an intimidating task for most investors, that’s why we have curated a detailed tax guide covering all the aspects of crypto taxation in Japan. In this guide, we will cover everything from crypto gains and income to DeFi and NFT taxes. We will also answer pivotal questions like “How is crypto taxed in Japan?”, “How to file crypto taxes?”, “Can the tax authority track crypto?”, “How to calculate crypto gains and losses?” and more.
So let’s hop in.
How is Crypto Taxed in Japan
The Japanese National Tax Authority views crypto as property and any gains incurred from their sale attract income tax. Moreover, crypto received through airdrops, staking, and mining is also subject to income tax. So if the total gain or income from crypto assets exceeds 2,00,000 JPY in a tax year, you need to report your gains/income to the NTA and pay taxes on them in compliance with the Payment Services Act (PSA) and the Financial Instruments and Exchanges Act (FIEA). You can access the detailed guidelines here.
Any income/gain reported by an individual or business is categorized as “Miscellaneous Income” and the tax rates may go up to 55%, that’s pretty steep because gains from securities are taxed at a flat rate of 20% in Japan.
Japan has a progressive tax on miscellaneous income, ranging from 5% to 45% on profits. Moreover, Japanese taxpayers are obligated to pay an inhabitant tax of 10% on their profits, which includes a prefectural rate of 4% and a municipal rate of 6%. Consequently, the effective crypto tax rate varies between 15% and 55%. For non-permanent residents of Japan, a flat 20% tax applies to all income earned within the country.
How to Calculate Crypto Gains and Losses
Even though there is no capital gains tax in Japan, you still need to calculate the gains incurred from disposing of crypto assets to be able to report them alongside your income and pay taxes on them.
Calculating crypto gains is a pretty straightforward process. All you need to do is to deduct your cost basis from the disposal amount. You can use the following formula to calculate your capital gains:
However, most investors find cost basis intimidating as a concept. The cost basis is simply the amount your pay to acquire a particular asset inclusive of any additional fees paid in the process.
Here’s an example:
Let’s say Toshiro san acquired 1 $ETH for 2,00,000 JPY
And he paid 2,500 JPY in transaction fees in the process.
Then the cost basis would simply be (2,00,000 + 2,500) JPY
Let’s say Toshiro san finally decides to dispose of the #Ethereum(ETH) token for 2,50,000 JPY
In that case,
Capital Gain/Loss = Disposal Amount - Cost Basis = 2,50,000 - 2,02,500 = 47,500 JPY
derstanding of how lost or stolen crypto is treated by the tax authorities.
Crypto Tax Breaks Japan
The way Japan taxes crypto transactions, there’s not much you can do to lower your tax bill. As mentioned earlier, you cannot offset your losses against gains in Japan and beyond there’s barely any way to lower your taxes strategically.
One thing you can consciously decide to do is to dispose of your assets in a low-income year to keep the overall gains under 200,000 JPY, which is the regular income tax exemption limit in Japan. Japan also has an employment income deduction that allows employees from a corporate background to deduct a certain amount from their taxable income. Given below are the income brackets and the deductions allowed in each bracket.
Although it’s not clear whether these deductions are permissible for income from crypto transactions. We suggest seeking guidance from an experienced tax professional to gain clarity on the subject.
Crypto Cost Basis Method Japan
Japan allows two accounting methods, the total average accounting method and the moving average accounting method or the ACB (Average Cost Basis Method).
The total average accounting method is what the investors/traders are supposed to use by default. However, if you choose to use the moving average accounting method, make sure you use it for all your cost-basis calculations to avoid discrepancies in your tax report.
The moving average method also known as the Average Cost Base (ACB) method, assumes the average cost of the assets of the same kind you currently possess as the cost basis for a subsequent disposal. The total average method is quite similar with just one exception, it considers the average cost of all the assets (of a particular kind let’s say ETH) that you’ve bought in a financial year.
In simpler terms, the cost basis might change for every disposal depending upon the disposal. However, when you use the total average accounting method, you have a constant cost basis regardless of time, place, or the sequence of your disposal.
Here’s an example to understand how the Moving average accounting method works:
2022/02/21 - Ishida san bought 1 ETH for 2,00,000 JPY
2022/03/17 - Ishida san bought 3 ETH for 1,90,000 JPY each
2022/05/23 - Ishida san sold 1 ETH for 2,10,000 JPY
2022/06/04 - Ishida san bought 2 ETH for 1,70,000 JPY each
2022/08/27 - Ishisa san sold 1 ETH for 2,40,000 JPY
As evident from the above ledger of transactions, Ishida san made two disposals.
Let’s use the Moving Average Accounting Method to calculate the cost basis for both disposals.
Now, before the first disposal was made, ETH tokens were acquired on two separate occasions. So we have to calculate the average acquisition price:
Average Acquisition Price = (1*2,00,000 + 3*1,90,000)/4 = 1,92,500 JPY
So the cost basis now becomes 1,92,500 JPY for the disposal
Capital Gain on the first disposal = Disposal Amount - Cost Basis = 2,10,000 - 1,92,500 JPY = 17,500 JPY
But now since 1 ETH token is disposed, the total number of ETH tokens in possession goes down to three. And on top of that Ishida san bought 2 more ETH tokens at an average price of 1,70,000 JPY each.
So now the average acquisition price changes.
Value of 3 ETH tokens in possession = 1,92,500 * 3 = 5,77,500 JPY
Value of 2 ETH tokens acquired after 1st disposal = 1,70,000 * 2 = 3,40,000 JPY
Average Acquisition Price = (5,77,500 + 3,40,000)/5 = 9,17,500/5 = 1,83,500 JPY
Now the cost basis changes to 1,83,500 JPY
So, for the second disposal
Capital Gain = Disposal Amount - Cost Basis = 2,40,000 - 1,83,500 = 56,500 JPY
Total Gain from both Disposals = 74,000 JPY
Let’s now consider the same ledger of transactions and use the total average method for calculating the capital gains for both disposals.
Using the total average method is a lot simpler as it considers the average cost of all acquisitions made in a financial year divided by the total number of assets.
So, the average acquisition price = (1*2,00,000 + 3*1,90,000 + 2*1,70,000)/6 = 1,85,000 JPY
Which imputes a cost basis of 1,85,000 JPY
Now for the 1st Disposal
Capital Gain = Disposal Amount - Cost Basis = 2,10,000 - 1,85,000 = 25,000 JPY
And for the 2nd Disposal
Capital Gain = Disposal Amount - Cost Basis = 2,40,000 - 1,85,000 = 55,000 JPY
Total Gain from both disposals = 80,000 JPY
Notice that the capital gain is 6,000 JPY higher when you use the total average accounting method.
Crypto Income Tax Japan
As mentioned earlier, any gains or income from crypto transactions is taxed as miscellaneous income by the NTA. You are viewed to be making miscellaneous income in Japan if you participate in the following transactions:
Disposing of crypto for fiatSwapping one crypto asset for anotherBuying goods or services with cryptoReceiving compensation in crypto Rewards from mining, staking and liquidity poolsRewards from DeFi transactionsConverting NFTs to crypto or fiatArdops or interest income
Any income or gain incurred from such transactions is to be added and reported in your tax return. The tax rate on such income can go up to 55% depending on the nature of transactions and where you reside in Japan.
Crypto Income Tax Rate
The crypto tax rate in Japan can go up to 45% depending on which tax bracket you fall into. You will also have to pay a local inhabitant tax of 10% on top of the income tax. The following are the income tax rates in Japan:
How to Calculate Crypto Income
Calculating your crypto income is pretty straightforward. You just need to add the gains/income from all transactions. We’ve discussed in the above sections how you can calculate your gains from crypto transactions, any tokens that you’ve received from airdrops, staking, mining, or liquidity pools shall be perceived as income and you must track the fair market value of the tokens on receipt, to later add it to your gains and report your actual taxable income base.
Tax-Free Crypto Transactions
Following are some tax-free crypto transactions in Crypto:
Buying crypto with fiatTransferring crypto between wallets
Taxed Crypto Transactions
Following are some taxed crypto transactions in Crypto:
Selling crypto for fiatSwapping crypto Staking cryptoMining cryptoLiquidity MiningYield FarmingSpending cryptoReceiving crypto as compensation
When to Report Crypto Taxes in Japan
The Japanese tax year runs from January 1st to December 31st, and you can file your taxes between February 16 and March 15 every year.
How to File Crypto Taxes in Japan
There are two ways you can file your tax return in Japan.
Using Paper FormsUsing NTA’s Online Portal
If you wish to file your crypto taxes using paper forms, you should use Form A to declare your employment and miscellaneous income. However, note that if the miscellaneous income from other sources does not exceed 2,00,000 JPY, you’re not eligible to file a tax return.
Here’s a stepwise tutorial on how you can file your crypto taxes using NTA’s online portal:
The first step is to log in on the NTA’s website using your registered credentials. If you’re not registered with the NTA, you can do that here.Once you’ve done that, navigate the options and go to “Salary” under “Relevant Income”.From here, go to “Miscellaneous Income” Once you do this, you will be asked the following question “Do you wish to receive deductions for your home?”. Answer with a Yes/No and move aheadIn this step, you need to enter your e-tax number or connect your account to the My Number Portal WebsiteNow you need to enter the total miscellaneous income you’ve earned during a tax year and the profit or lossNow select “Crypto” from the drop-down list to specify the categoryNow enter the name of the exchanges you’ve used and their legal addresses
What Records Will the NTA Want
There is no official guidance on crypto record keeping by the NTA. However, it would be prudent to maintain detailed records for all your transactions dating back to at least 3 years to ensure a hassle-free tax filing experience. Following is the list of documents you should maintain:
Date and time of transactionsNature of transactions and intent of the parties involvedA detailed record of FMV of assets received through staking, mining, airdrops, or as compensationWallet addresses that you have private keys toDetails of the type of assets ownedReceipts of purchase and disposals
How to File Crypto Taxes Using Kryptos?
Now that you’re aware of how your crypto transactions are taxed and what forms you need to fill out to complete your tax report, here’s a step-wise breakdown of how Kryptos can make this task easier for you:
Visit Kryptos and sign up using your email or Google/Apple AccountChoose your country, currency, time zone, and accounting method Import all your transactions from wallets and crypto exchangesChoose your preferred report and click on generate report option on the left side of your screen and let Kryptos do all the accounting.Once your Tax report is ready, you can download it in PDF format.
$BTC $BOME
#Japan #HotTrends #trendingnews
#ICP
We realise that navigating crypto taxes can be an intimidating task for most investors, that’s why we have curated a detailed tax guide covering all the aspects of crypto taxation in Japan. In this guide, we will cover everything from crypto gains and income to DeFi and NFT taxes. We will also answer pivotal questions like “How is crypto taxed in Japan?”, “How to file crypto taxes?”, “Can the tax authority track crypto?”, “How to calculate crypto gains and losses?” and more.
So let’s hop in.
How is Crypto Taxed in Japan
The Japanese National Tax Authority views crypto as property and any gains incurred from their sale attract income tax. Moreover, crypto received through airdrops, staking, and mining is also subject to income tax. So if the total gain or income from crypto assets exceeds 2,00,000 JPY in a tax year, you need to report your gains/income to the NTA and pay taxes on them in compliance with the Payment Services Act (PSA) and the Financial Instruments and Exchanges Act (FIEA). You can access the detailed guidelines here.
Any income/gain reported by an individual or business is categorized as “Miscellaneous Income” and the tax rates may go up to 55%, that’s pretty steep because gains from securities are taxed at a flat rate of 20% in Japan.
Japan has a progressive tax on miscellaneous income, ranging from 5% to 45% on profits. Moreover, Japanese taxpayers are obligated to pay an inhabitant tax of 10% on their profits, which includes a prefectural rate of 4% and a municipal rate of 6%. Consequently, the effective crypto tax rate varies between 15% and 55%. For non-permanent residents of Japan, a flat 20% tax applies to all income earned within the country.
How to Calculate Crypto Gains and Losses
Even though there is no capital gains tax in Japan, you still need to calculate the gains incurred from disposing of crypto assets to be able to report them alongside your income and pay taxes on them.
Calculating crypto gains is a pretty straightforward process. All you need to do is to deduct your cost basis from the disposal amount. You can use the following formula to calculate your capital gains:
However, most investors find cost basis intimidating as a concept. The cost basis is simply the amount your pay to acquire a particular asset inclusive of any additional fees paid in the process.
Here’s an example:
Let’s say Toshiro san acquired 1 $ETH for 2,00,000 JPY
And he paid 2,500 JPY in transaction fees in the process.
Then the cost basis would simply be (2,00,000 + 2,500) JPY
Let’s say Toshiro san finally decides to dispose of the #Ethereum(ETH) token for 2,50,000 JPY
In that case,
Capital Gain/Loss = Disposal Amount - Cost Basis = 2,50,000 - 2,02,500 = 47,500 JPY
derstanding of how lost or stolen crypto is treated by the tax authorities.
Crypto Tax Breaks Japan
The way Japan taxes crypto transactions, there’s not much you can do to lower your tax bill. As mentioned earlier, you cannot offset your losses against gains in Japan and beyond there’s barely any way to lower your taxes strategically.
One thing you can consciously decide to do is to dispose of your assets in a low-income year to keep the overall gains under 200,000 JPY, which is the regular income tax exemption limit in Japan. Japan also has an employment income deduction that allows employees from a corporate background to deduct a certain amount from their taxable income. Given below are the income brackets and the deductions allowed in each bracket.
Although it’s not clear whether these deductions are permissible for income from crypto transactions. We suggest seeking guidance from an experienced tax professional to gain clarity on the subject.
Crypto Cost Basis Method Japan
Japan allows two accounting methods, the total average accounting method and the moving average accounting method or the ACB (Average Cost Basis Method).
The total average accounting method is what the investors/traders are supposed to use by default. However, if you choose to use the moving average accounting method, make sure you use it for all your cost-basis calculations to avoid discrepancies in your tax report.
The moving average method also known as the Average Cost Base (ACB) method, assumes the average cost of the assets of the same kind you currently possess as the cost basis for a subsequent disposal. The total average method is quite similar with just one exception, it considers the average cost of all the assets (of a particular kind let’s say ETH) that you’ve bought in a financial year.
In simpler terms, the cost basis might change for every disposal depending upon the disposal. However, when you use the total average accounting method, you have a constant cost basis regardless of time, place, or the sequence of your disposal.
Here’s an example to understand how the Moving average accounting method works:
2022/02/21 - Ishida san bought 1 ETH for 2,00,000 JPY
2022/03/17 - Ishida san bought 3 ETH for 1,90,000 JPY each
2022/05/23 - Ishida san sold 1 ETH for 2,10,000 JPY
2022/06/04 - Ishida san bought 2 ETH for 1,70,000 JPY each
2022/08/27 - Ishisa san sold 1 ETH for 2,40,000 JPY
As evident from the above ledger of transactions, Ishida san made two disposals.
Let’s use the Moving Average Accounting Method to calculate the cost basis for both disposals.
Now, before the first disposal was made, ETH tokens were acquired on two separate occasions. So we have to calculate the average acquisition price:
Average Acquisition Price = (1*2,00,000 + 3*1,90,000)/4 = 1,92,500 JPY
So the cost basis now becomes 1,92,500 JPY for the disposal
Capital Gain on the first disposal = Disposal Amount - Cost Basis = 2,10,000 - 1,92,500 JPY = 17,500 JPY
But now since 1 ETH token is disposed, the total number of ETH tokens in possession goes down to three. And on top of that Ishida san bought 2 more ETH tokens at an average price of 1,70,000 JPY each.
So now the average acquisition price changes.
Value of 3 ETH tokens in possession = 1,92,500 * 3 = 5,77,500 JPY
Value of 2 ETH tokens acquired after 1st disposal = 1,70,000 * 2 = 3,40,000 JPY
Average Acquisition Price = (5,77,500 + 3,40,000)/5 = 9,17,500/5 = 1,83,500 JPY
Now the cost basis changes to 1,83,500 JPY
So, for the second disposal
Capital Gain = Disposal Amount - Cost Basis = 2,40,000 - 1,83,500 = 56,500 JPY
Total Gain from both Disposals = 74,000 JPY
Let’s now consider the same ledger of transactions and use the total average method for calculating the capital gains for both disposals.
Using the total average method is a lot simpler as it considers the average cost of all acquisitions made in a financial year divided by the total number of assets.
So, the average acquisition price = (1*2,00,000 + 3*1,90,000 + 2*1,70,000)/6 = 1,85,000 JPY
Which imputes a cost basis of 1,85,000 JPY
Now for the 1st Disposal
Capital Gain = Disposal Amount - Cost Basis = 2,10,000 - 1,85,000 = 25,000 JPY
And for the 2nd Disposal
Capital Gain = Disposal Amount - Cost Basis = 2,40,000 - 1,85,000 = 55,000 JPY
Total Gain from both disposals = 80,000 JPY
Notice that the capital gain is 6,000 JPY higher when you use the total average accounting method.
Crypto Income Tax Japan
As mentioned earlier, any gains or income from crypto transactions is taxed as miscellaneous income by the NTA. You are viewed to be making miscellaneous income in Japan if you participate in the following transactions:
Disposing of crypto for fiatSwapping one crypto asset for anotherBuying goods or services with cryptoReceiving compensation in crypto Rewards from mining, staking and liquidity poolsRewards from DeFi transactionsConverting NFTs to crypto or fiatArdops or interest income
Any income or gain incurred from such transactions is to be added and reported in your tax return. The tax rate on such income can go up to 55% depending on the nature of transactions and where you reside in Japan.
Crypto Income Tax Rate
The crypto tax rate in Japan can go up to 45% depending on which tax bracket you fall into. You will also have to pay a local inhabitant tax of 10% on top of the income tax. The following are the income tax rates in Japan:
How to Calculate Crypto Income
Calculating your crypto income is pretty straightforward. You just need to add the gains/income from all transactions. We’ve discussed in the above sections how you can calculate your gains from crypto transactions, any tokens that you’ve received from airdrops, staking, mining, or liquidity pools shall be perceived as income and you must track the fair market value of the tokens on receipt, to later add it to your gains and report your actual taxable income base.
Tax-Free Crypto Transactions
Following are some tax-free crypto transactions in Crypto:
Buying crypto with fiatTransferring crypto between wallets
Taxed Crypto Transactions
Following are some taxed crypto transactions in Crypto:
Selling crypto for fiatSwapping crypto Staking cryptoMining cryptoLiquidity MiningYield FarmingSpending cryptoReceiving crypto as compensation
When to Report Crypto Taxes in Japan
The Japanese tax year runs from January 1st to December 31st, and you can file your taxes between February 16 and March 15 every year.
How to File Crypto Taxes in Japan
There are two ways you can file your tax return in Japan.
Using Paper FormsUsing NTA’s Online Portal
If you wish to file your crypto taxes using paper forms, you should use Form A to declare your employment and miscellaneous income. However, note that if the miscellaneous income from other sources does not exceed 2,00,000 JPY, you’re not eligible to file a tax return.
Here’s a stepwise tutorial on how you can file your crypto taxes using NTA’s online portal:
The first step is to log in on the NTA’s website using your registered credentials. If you’re not registered with the NTA, you can do that here.Once you’ve done that, navigate the options and go to “Salary” under “Relevant Income”.From here, go to “Miscellaneous Income” Once you do this, you will be asked the following question “Do you wish to receive deductions for your home?”. Answer with a Yes/No and move aheadIn this step, you need to enter your e-tax number or connect your account to the My Number Portal WebsiteNow you need to enter the total miscellaneous income you’ve earned during a tax year and the profit or lossNow select “Crypto” from the drop-down list to specify the categoryNow enter the name of the exchanges you’ve used and their legal addresses
What Records Will the NTA Want
There is no official guidance on crypto record keeping by the NTA. However, it would be prudent to maintain detailed records for all your transactions dating back to at least 3 years to ensure a hassle-free tax filing experience. Following is the list of documents you should maintain:
Date and time of transactionsNature of transactions and intent of the parties involvedA detailed record of FMV of assets received through staking, mining, airdrops, or as compensationWallet addresses that you have private keys toDetails of the type of assets ownedReceipts of purchase and disposals
How to File Crypto Taxes Using Kryptos?
Now that you’re aware of how your crypto transactions are taxed and what forms you need to fill out to complete your tax report, here’s a step-wise breakdown of how Kryptos can make this task easier for you:
Visit Kryptos and sign up using your email or Google/Apple AccountChoose your country, currency, time zone, and accounting method Import all your transactions from wallets and crypto exchangesChoose your preferred report and click on generate report option on the left side of your screen and let Kryptos do all the accounting.Once your Tax report is ready, you can download it in PDF format.
$BTC $BOME
#Japan #HotTrends #trendingnews
#ICP
Binance Dominance Wavers: Competitors Gain Ground
#Write2Earn #trendingtoday #trendingnews
The recent dip in Binance's market share is attributed to the conclusion of its popular zero-fee Bitcoin promotion, emphasizing that while promotional campaigns may provide temporary boosts, market fundamentals ultimately dictate outcomes, according to analysts.
Although legal challenges are not explicitly outlined, they likely contributed to this shift. Following the departure of Changpeng Zhao, Binance's dynamic leader, the market share temporarily dropped to 32%. However, a swift recovery propelled it back above 45% by year-end, highlighting the exchange's adaptability.
This competitive landscape is evolving, with OKX securing the second spot with a 16% market share, fueled by strategic partnerships and an innovative platform, marking a 4% gain from the previous year. Bybit closely followed at 12%, capturing a 2.2% share, signaling an intensifying battle for crypto exchange supremacy in the foreseeable future.
Simultaneously, Coinbase staged a notable comeback, surpassing pre-2023 levels despite a mid-year trading volume slump. This resilience suggests a renewed focus on customer experience and regulatory compliance, positioning Coinbase for potential growth and a larger market share in the future.
#Write2Earn #trendingtoday #trendingnews
The recent dip in Binance's market share is attributed to the conclusion of its popular zero-fee Bitcoin promotion, emphasizing that while promotional campaigns may provide temporary boosts, market fundamentals ultimately dictate outcomes, according to analysts.
Although legal challenges are not explicitly outlined, they likely contributed to this shift. Following the departure of Changpeng Zhao, Binance's dynamic leader, the market share temporarily dropped to 32%. However, a swift recovery propelled it back above 45% by year-end, highlighting the exchange's adaptability.
This competitive landscape is evolving, with OKX securing the second spot with a 16% market share, fueled by strategic partnerships and an innovative platform, marking a 4% gain from the previous year. Bybit closely followed at 12%, capturing a 2.2% share, signaling an intensifying battle for crypto exchange supremacy in the foreseeable future.
Simultaneously, Coinbase staged a notable comeback, surpassing pre-2023 levels despite a mid-year trading volume slump. This resilience suggests a renewed focus on customer experience and regulatory compliance, positioning Coinbase for potential growth and a larger market share in the future.
JUST IN: 🇵🇭 Philippines to block access to Binance in the country.
#newsTrading #BinanceTournament #trendingnews #WhaleAlert $BTC $ETH $BNB
#newsTrading #BinanceTournament #trendingnews #WhaleAlert $BTC $ETH $BNB
👍How to Create and Trade Bitcoin NFTs.
Bitcoin NFTs, or non- fungible tokens on the Bitcoin blockchain have emerged as a groundbreaking trend reshaping the digital assets landscape. These tokens represent ownership of digital assets and are gaining insignificant traction within the cryptocurrency community.
Firstly, let's delve into what Bitcoin NFTs are and how they are created, as well as explore the current trends surrounding this innovative technology.
UNDERSTANDING BITCOIN NFTs
Bitcoin NFTs represent ownership of digital assets, such as artwork, collectibles, and in-game items.
Each NFT has a unique cryptographic signature that verifies it authenticity and ownership. This means that each NFTs is one-of-a-kind and cannot be replaced or replicated. This uniqueness is what underpins the value and appeal of NFTs in the digital realm.
CREATION OF BITCOIN NFTS:
The creation of Bitcoin NFTs involve a process known as "Ordinal inscription" where data is directly inscribed on-chain within the Bitcoin network. This method differs from Ethereum NFTs which rely on off-chain metadata that can be altered.
Ordinal inscription allow for all data to be permanently recorded on the blockchain, ensuring transparency and immutability in token ownership.
the process of creating a Bitcoin NFTs involved several steps. First, the digital asset is created or selected, such as a piece of artwork or an in-game item. Next, the item is tokenized by creating a unique cryptographic signature that represents ownership. This signature is then inscribed on the Bitcoin blockchain using Ordinal inscriptions. Once the inscription is complete, the NFT is created and can be bought, sold, or traded on various online marketplace.
The trends of Bitcoin NFTs is rapidly evolving, with a surge in interest and adoption witnessed across the cryptocurrency space.
Recent data indicates that Bitcoin NFTs have surpassed Ethereum NFTs in trading volume. Signaling a shift towards the Bitcoin blockchain for NFT transactions.
Some Examples Of Bitcoin NFTs Includes:
1️⃣RARE PEPES: The first NFT collection ever released on Bitcoin, created in September 2016 using the counterparty protocol. Despite their limited utility due to the constraints of counterparty's scripting language at the time, Rare pepes land the foundation for subsequent Bitcoin NFT projects and highlighted the potential for digital collectibles on the Bitcoin network.
2️⃣BITMAP: A metaverse project in the Bitcoin ecosystem based on an open source standard protocol proposed on Ordinals, primarily for the primary market sale of virtual land. What set Bitmap apart is it unique binding to blocks, creating inherent scarcity within it virtual land offerings.
3️⃣ ORDINAL PUNKS NFT series: A collection of NFTs on the Bitcoin blockchain, with examples like mineral having a market cap of 379.6btc (approximately $19.8M). This series symbolizes the intersection of art, technology and blockchain innovation, showcasing the potential for both creative expression and value generation.
HOW TO MAKE YOUR OWN BITCOIN NFT
Creating your Bitcoin NFTs on the blockchain is a relatively straightforward process and there are several tools and platforms available to help you get started. Here are the basic steps:
👉 Choose Your Digital Assets: the first step in creating an NFT is to choose the digital asset that you want to tokenized, this could be a piece of artwork, a collectible in-game item, or any other type digital asset.
👉Create a Digital Representation: once you have chosen your digital asset, you will need to create a digital representation of it. This could be a digital file such as a JPEG or PNG image, or it could be 3D model or other type of digital asset.
👉Mint Your NFT: you can mint you NFTs using a platform that supports Ordinal inscription on the Bitcoin blockchain, there are several platforms available including Raretoshi, Counterparty, and Tokenly. These platform provide tools for creating and managing NFTs on the Bitcoin blockchain.
👉Set Your Metadata: when you mint your NFT, you will need to set it metadata which includes information about the asset, such as name, description, and image.this Metadata is stored on the blockchain along with the NFT and it provides important context and information about the asset.
👉List Your NFT For Sale: you can list your NFT for sale on an online marketplace that supports NFTs on the Bitcoin blockchain(Binance NFT Marketplace), users can trade NFTs on the Binance NFT Marketplace by holding BTC or other crypto on their spot wallet.
👉 Promote Your NFT: once your NFT is listed for sale, you will need to promote it to potential buyers. This could involve sharing it on social media, creating website or blog to showcase it, or reaching out to collectors and investors in the NFTs community .
MARKET DYNAMICS AND CHALLENGES.
While Bitcoin NFTs are gaining momentum, challenges such as scalability and accessibility remain key area of focus for developers and users. The integration of Ordinals into the Bitcoin ecosystem has raised debate regarding block space usage and transaction costs. As more Ordinals are inscribed with additional data like images and audio clips, concern about on chain congestion and confirmation times have surfaced.
Scalability is a major challenge for the Bitcoin blockchain, as it has a limited capacity for processing transactions. This means that as more NFTs are created and traded on the blockchain, it could become congested and slow, leading to higher transaction fee and longer confirmation times. To address this challenge, developers are exploring ways to increase the scalability of the Bitcoin blockchain, such as through the Use of layer2 solutions like the lightning network.
Accessibility is another challenge for the Bitcoin NFTs, as they require a certain level of technical expertise to create and trade. This can be a barrier for entry to some users who may not have the necessary skills or resources to participate in the NFTs market. To address this challenge, developers are working to create more user friendly tools and platforms for creating and trading NFTs in the Bitcoin blockchain.
At the end of the day Bitcoin NFTs represent a model shift in how digital assets are tokenized and traded within the cryptocurrency ecosystem. The future of Bitcoin NFTs holds immense potential for reshaping the landscape of digital ownership and value exchange as this trends continue to witness how Bitcoin NFTs conquers the new market height....
Thank you for reading.
If you liked this article, pls do like, comment, share this post, and especially follow @King_of_info-001 and stay tuned, it motivate me for more research on financial freedom, #WAGMI #BitcoinNFTs #BNBChain #HotTrends 💯#trendingnews
Firstly, let's delve into what Bitcoin NFTs are and how they are created, as well as explore the current trends surrounding this innovative technology.
UNDERSTANDING BITCOIN NFTs
Bitcoin NFTs represent ownership of digital assets, such as artwork, collectibles, and in-game items.
Each NFT has a unique cryptographic signature that verifies it authenticity and ownership. This means that each NFTs is one-of-a-kind and cannot be replaced or replicated. This uniqueness is what underpins the value and appeal of NFTs in the digital realm.
CREATION OF BITCOIN NFTS:
The creation of Bitcoin NFTs involve a process known as "Ordinal inscription" where data is directly inscribed on-chain within the Bitcoin network. This method differs from Ethereum NFTs which rely on off-chain metadata that can be altered.
Ordinal inscription allow for all data to be permanently recorded on the blockchain, ensuring transparency and immutability in token ownership.
the process of creating a Bitcoin NFTs involved several steps. First, the digital asset is created or selected, such as a piece of artwork or an in-game item. Next, the item is tokenized by creating a unique cryptographic signature that represents ownership. This signature is then inscribed on the Bitcoin blockchain using Ordinal inscriptions. Once the inscription is complete, the NFT is created and can be bought, sold, or traded on various online marketplace.
The trends of Bitcoin NFTs is rapidly evolving, with a surge in interest and adoption witnessed across the cryptocurrency space.
Recent data indicates that Bitcoin NFTs have surpassed Ethereum NFTs in trading volume. Signaling a shift towards the Bitcoin blockchain for NFT transactions.
Some Examples Of Bitcoin NFTs Includes:
1️⃣RARE PEPES: The first NFT collection ever released on Bitcoin, created in September 2016 using the counterparty protocol. Despite their limited utility due to the constraints of counterparty's scripting language at the time, Rare pepes land the foundation for subsequent Bitcoin NFT projects and highlighted the potential for digital collectibles on the Bitcoin network.
2️⃣BITMAP: A metaverse project in the Bitcoin ecosystem based on an open source standard protocol proposed on Ordinals, primarily for the primary market sale of virtual land. What set Bitmap apart is it unique binding to blocks, creating inherent scarcity within it virtual land offerings.
3️⃣ ORDINAL PUNKS NFT series: A collection of NFTs on the Bitcoin blockchain, with examples like mineral having a market cap of 379.6btc (approximately $19.8M). This series symbolizes the intersection of art, technology and blockchain innovation, showcasing the potential for both creative expression and value generation.
HOW TO MAKE YOUR OWN BITCOIN NFT
Creating your Bitcoin NFTs on the blockchain is a relatively straightforward process and there are several tools and platforms available to help you get started. Here are the basic steps:
👉 Choose Your Digital Assets: the first step in creating an NFT is to choose the digital asset that you want to tokenized, this could be a piece of artwork, a collectible in-game item, or any other type digital asset.
👉Create a Digital Representation: once you have chosen your digital asset, you will need to create a digital representation of it. This could be a digital file such as a JPEG or PNG image, or it could be 3D model or other type of digital asset.
👉Mint Your NFT: you can mint you NFTs using a platform that supports Ordinal inscription on the Bitcoin blockchain, there are several platforms available including Raretoshi, Counterparty, and Tokenly. These platform provide tools for creating and managing NFTs on the Bitcoin blockchain.
👉Set Your Metadata: when you mint your NFT, you will need to set it metadata which includes information about the asset, such as name, description, and image.this Metadata is stored on the blockchain along with the NFT and it provides important context and information about the asset.
👉List Your NFT For Sale: you can list your NFT for sale on an online marketplace that supports NFTs on the Bitcoin blockchain(Binance NFT Marketplace), users can trade NFTs on the Binance NFT Marketplace by holding BTC or other crypto on their spot wallet.
👉 Promote Your NFT: once your NFT is listed for sale, you will need to promote it to potential buyers. This could involve sharing it on social media, creating website or blog to showcase it, or reaching out to collectors and investors in the NFTs community .
MARKET DYNAMICS AND CHALLENGES.
While Bitcoin NFTs are gaining momentum, challenges such as scalability and accessibility remain key area of focus for developers and users. The integration of Ordinals into the Bitcoin ecosystem has raised debate regarding block space usage and transaction costs. As more Ordinals are inscribed with additional data like images and audio clips, concern about on chain congestion and confirmation times have surfaced.
Scalability is a major challenge for the Bitcoin blockchain, as it has a limited capacity for processing transactions. This means that as more NFTs are created and traded on the blockchain, it could become congested and slow, leading to higher transaction fee and longer confirmation times. To address this challenge, developers are exploring ways to increase the scalability of the Bitcoin blockchain, such as through the Use of layer2 solutions like the lightning network.
Accessibility is another challenge for the Bitcoin NFTs, as they require a certain level of technical expertise to create and trade. This can be a barrier for entry to some users who may not have the necessary skills or resources to participate in the NFTs market. To address this challenge, developers are working to create more user friendly tools and platforms for creating and trading NFTs in the Bitcoin blockchain.
At the end of the day Bitcoin NFTs represent a model shift in how digital assets are tokenized and traded within the cryptocurrency ecosystem. The future of Bitcoin NFTs holds immense potential for reshaping the landscape of digital ownership and value exchange as this trends continue to witness how Bitcoin NFTs conquers the new market height....
Thank you for reading.
If you liked this article, pls do like, comment, share this post, and especially follow @King_of_info-001 and stay tuned, it motivate me for more research on financial freedom, #WAGMI #BitcoinNFTs #BNBChain #HotTrends 💯#trendingnews
Market Pchysology :
Trade wise
1. You taken a long position trade and search a positive news!
2. You short the position and search the negative news
Analysis wise
1. You search the news till it satisfies your level of thoughts.
2. You search positive or negative news for publishing your thoughts. but it doesn't effect the market, but sure it will effect your way of trading. then it will stress you.
advice is staycam and accept the profit and losses.
#btc #trendingnews #news #binance #traders
Trade wise
1. You taken a long position trade and search a positive news!
2. You short the position and search the negative news
Analysis wise
1. You search the news till it satisfies your level of thoughts.
2. You search positive or negative news for publishing your thoughts. but it doesn't effect the market, but sure it will effect your way of trading. then it will stress you.
advice is staycam and accept the profit and losses.
#btc #trendingnews #news #binance #traders
CZ Banned from Leaving the U.S Despite Agreeing to Pay 4.5 Billion USD
A federal judge rejects Changpeng Zhao's $4.5 billion bond request for travel to the UAE, compelling him to remain in the U.S. In light of a potential 10-year prison term, Zhao consents to refrain from appealing any sentence shorter than 18 months.CZ Banned from Leaving the U.S Despite Agreeing to Pay 4.5 Billion USDDespite offering an unprecedented $4.5 billion bond, Changpeng Zhao, the former CEO of Binance, faces an obstacle in his attempt to leave the U.S. This comes in the aftermath of his admission of guilt to anti-money laundering charges, adding a significant chapter to the ongoing scrutiny of the cryptocurrency industry by authorities.U.S. Authorities Bar Zhao's Departure Despite $4.5 Billion Binance Stake ProposalZhao, who relinquished his position at Binance in November 2023, has become embroiled in a complex legal situation with the U.S. justice system. His proposal to pledge his entire $4.5 billion stake in Binance.US in exchange for permission to travel to the United Arab Emirates was met with a firm denial from the U.S. District Court in Seattle. This denial underscores the gravity of the charges against him and the court's serious consideration of the case.The ruling, outlined in a court filing by Judge Richard A. Jones of the Western District of Washington at Seattle, emphasizes the substantial financial offer made by Zhao in his bid for travel approval. Despite the magnitude of the bond, the court upheld its decision to confine Zhao within U.S. borders, citing the necessity to ensure his presence throughout the sentencing process scheduled for February 2024.The court order states, "It is ordered that the condition permitting Defendant to return to the UAE pending sentencing is stayed until such time as this Court resolves the Government’s motion for review."This legal saga marks a pivotal moment in the ongoing regulatory and legal hurdles confronting the cryptocurrency industry. Changpeng Zhao, a dual citizen of Canada and the United Arab Emirates, now stands at the epicenter of a case with potentially profound implications. The court's refusal to grant him travel permission reflects a zero-tolerance stance by U.S. authorities toward any violations of anti-money laundering laws.CFTC Issues Groundbreaking Ruling Against Binance and Changpeng ZhaoAdding to Zhao's complexity is the substantial financial penalties imposed on both him and Binance as part of a settlement with the Commodity Futures Trading Commission (CFTC). The court mandates that Zhao personally pay a $150 million civil monetary penalty. Additionally, Binance is obligated to disgorge $1.35 billion in alleged ill-gotten transaction fees and pay an additional $1.35 billion penalty to the CFTC.#trendingnews #trendingtoday #TrendingTopicChallenge #TrendingArticles #looz_crypto
Lazarus Group Moves $1.2M in Bitcoin from Mixer
#trendingnews #BitcoinPrice2024 #LatestNews #CryptoNews🔒📰🚫
#trendingnews #BitcoinPrice2024 #LatestNews #CryptoNews🔒📰🚫
LIVE
Coinpedia
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Lazarus Group Moves $1.2M in Bitcoin From Coin Mixer!
The post Lazarus Group Moves $1.2M in Bitcoin from Coin Mixer! appeared first on Coinpedia Fintech News
North Korean hacking group Lazarus has recently transferred $1.2 million worth of cryptocurrency from a mixer, marking their largest transaction in over a month. This group, responsible for stealing or damaging $3 billion in cryptocurrencies over the past three years, received 27.371 bitcoin in two transactions before sending 3.34 BTC to a previously used wallet. The group’s wallet now holds a total of $79 million in cryptocurrencies, including $73 million worth of Bitcoin and $3.4 million worth of ether.
North Korean hacking group Lazarus has recently transferred $1.2 million worth of cryptocurrency from a mixer, marking their largest transaction in over a month. This group, responsible for stealing or damaging $3 billion in cryptocurrencies over the past three years, received 27.371 bitcoin in two transactions before sending 3.34 BTC to a previously used wallet. The group’s wallet now holds a total of $79 million in cryptocurrencies, including $73 million worth of Bitcoin and $3.4 million worth of ether.
💸💰TOP '5' COINS THAT WILL MAKE YOU RICH IN 2k24💸💰
🌟With the right research, you can make dicisions on the coins that can lead to explosives profits in the expected 2024 bullrun. These crypto-currencies that make them attractive investments⭐
#BTC
#Ethereum
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Not All Trades Can Be Posted Here🎯🎯🎯
We Only Post Few Things When We Are Less Busy⚠️
🍀We Are Telling You Guys This To Let You Know We Are Always Active. Send In Your Investment Request At any time Any Day🍀
Keep your investment coming🔖🔥💥
🌟With the right research, you can make dicisions on the coins that can lead to explosives profits in the expected 2024 bullrun. These crypto-currencies that make them attractive investments⭐
#BTC
#Ethereum
#BNB
#XRP
#SOL
✨Share your opinion about chat. Comment below your answer✨
💪If you find this educative or helpful, like ,share and follow💪
You can support us with Awesome REWARDS💸💰💸💰
Follow 4 More 🔥🔥🔥
#trendingcoin
#trending2024
#TrendingArticles
#trendingnews
Not All Trades Can Be Posted Here🎯🎯🎯
We Only Post Few Things When We Are Less Busy⚠️
🍀We Are Telling You Guys This To Let You Know We Are Always Active. Send In Your Investment Request At any time Any Day🍀
Keep your investment coming🔖🔥💥
The latest Enterprise report explores the promising realm of intent-based transactions, offering users enhanced interoperability, global #liquidity access, and MEV capture. While #Ethereum protocols have embraced intent-based architectures, their existence within siloed systems underscores the need for a new approach to maximize intent system benefits. Despite ongoing development of intent #architecture protocols, #centralized auctions are expected to persist until decentralized designs emerge. Additionally, the transition to intent-based systems introduces alternative #monetization avenues, empowering intent architecture layers and users with significant pricing power, while presenting a $22 billion market #opportunity across spot trading, perpetual protocols, and bridging verticals, with intent architecture layers poised as the primary beneficiary due to their moderate pricing power and volume aggregation capabilities.
#cryptotrendingnews #trendingnews #BullBear
#cryptotrendingnews #trendingnews #BullBear
What happened in last week.
1) 🇦🇷 Argentina President Javier Milei confirms he will shut down the Central Bank.
2) Netflix gave $11 million to a company to produce a movie and they lost it all trading stock options.
3) Changpeng Zhao (CZ) resigns as Binance CEO.
4) 🇺🇸 SEC Commissioner says "there's no reason for us to stand in the way of a Spot Bitcoin ETF."
5) Binance CEO Changpeng Zhao (CZ) facing up to 18 months in prison as part of his plea deal with the US Government.
6) Binance allowed ISIS, Al Qaeda, and Hamas to transact on its platform, US Government says.
8) $1.3 billion in user funds withdrawn from Binance following US Government indictment.
9) OpenAI rehires Sam Altman as CEO.
10) Binance CEO ChangPeng Zhao (CZ) released from custody on $175 million bond.
13) $38,000 Bitcoin
14) 🇺🇸 SEC sues Kraken crypto exchange.
15) Binance agrees to pay $4.3 billion to settle case with US Government.
#technologistEmaa
#BTC #TrendingTopicChallenge
#trendingnews
1) 🇦🇷 Argentina President Javier Milei confirms he will shut down the Central Bank.
2) Netflix gave $11 million to a company to produce a movie and they lost it all trading stock options.
3) Changpeng Zhao (CZ) resigns as Binance CEO.
4) 🇺🇸 SEC Commissioner says "there's no reason for us to stand in the way of a Spot Bitcoin ETF."
5) Binance CEO Changpeng Zhao (CZ) facing up to 18 months in prison as part of his plea deal with the US Government.
6) Binance allowed ISIS, Al Qaeda, and Hamas to transact on its platform, US Government says.
8) $1.3 billion in user funds withdrawn from Binance following US Government indictment.
9) OpenAI rehires Sam Altman as CEO.
10) Binance CEO ChangPeng Zhao (CZ) released from custody on $175 million bond.
13) $38,000 Bitcoin
14) 🇺🇸 SEC sues Kraken crypto exchange.
15) Binance agrees to pay $4.3 billion to settle case with US Government.
#technologistEmaa
#BTC #TrendingTopicChallenge
#trendingnews
"Binance Burns Illuminate the Path to Success for LUNC!"
In a world where every burn counts, Binance's monumental burns shed light on LUNC's potential.
With a staggering $1 million worth of #LUNC being torched monthly, the path to prosperity is clear.
Brace yourselves for exponential growth as LUNC's value skyrockets with each upward surge!
#TrendingTopic! #news #trendingnews
In a world where every burn counts, Binance's monumental burns shed light on LUNC's potential.
With a staggering $1 million worth of #LUNC being torched monthly, the path to prosperity is clear.
Brace yourselves for exponential growth as LUNC's value skyrockets with each upward surge!
#TrendingTopic! #news #trendingnews
💸💥Earning in Crypto Without Loss💥💸
Let's get started!
🛑Basics Knowledge🛑
First things, grasp the fundamentals of cryptocurrencies. Understand what you're investing in, research the projects and teams.
💪Knowledge is power in the crypto world💪
🛑Start Small🛑
🍀Begin with a small investment. Learn how the market moves with minimal risk. As you gain confidence and knowledge, you can scale up gradually🍀
🛑Stay Updated and Informed🛑
✨Follow the crypto news, stay updated with the market trends, and be aware of any regulatory changes. Knowledge is your shield against unexpected market moves✨
🛑Use Stop-Loss🛑
⚠️Implement stop-loss orders to protect your investments. Set a threshold for when you'd like to cut losses. This helps you stay in control even when the market is volatile⚠️
🛑Patience is Key🛑
🔖Crypto markets can be volatile and unpredictable. Patience will be your best friend. Stick to your strategy, and avoid impulsive decisions based on emotions🔖
🛑Learning from Mistakes🛑
🌟Don't fear making mistakes; embrace them as lessons. Analyze what went wrong and why. This way, you grow and improve your strategy for future trades🌟
💥If you find this educative or helpful, like, share and follow💥
💸Show Your Support💸
If you found this helpful, please consider REWARDS 💸💰 me . Your generosity will help me continue providing high-quality content.
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#trending2024
#trendingnews
#TrendingArticles
#worldmarket
#viralmypost
Let's get started!
🛑Basics Knowledge🛑
First things, grasp the fundamentals of cryptocurrencies. Understand what you're investing in, research the projects and teams.
💪Knowledge is power in the crypto world💪
🛑Start Small🛑
🍀Begin with a small investment. Learn how the market moves with minimal risk. As you gain confidence and knowledge, you can scale up gradually🍀
🛑Stay Updated and Informed🛑
✨Follow the crypto news, stay updated with the market trends, and be aware of any regulatory changes. Knowledge is your shield against unexpected market moves✨
🛑Use Stop-Loss🛑
⚠️Implement stop-loss orders to protect your investments. Set a threshold for when you'd like to cut losses. This helps you stay in control even when the market is volatile⚠️
🛑Patience is Key🛑
🔖Crypto markets can be volatile and unpredictable. Patience will be your best friend. Stick to your strategy, and avoid impulsive decisions based on emotions🔖
🛑Learning from Mistakes🛑
🌟Don't fear making mistakes; embrace them as lessons. Analyze what went wrong and why. This way, you grow and improve your strategy for future trades🌟
💥If you find this educative or helpful, like, share and follow💥
💸Show Your Support💸
If you found this helpful, please consider REWARDS 💸💰 me . Your generosity will help me continue providing high-quality content.
Follow 4 More🔥🔥🔥
#trending2024
#trendingnews
#TrendingArticles
#worldmarket
#viralmypost
State of Sui Q4 2023 and Q1 2024. The #crypto market rebounded in Q4’23 and Q1’24 and Sui was no exception. Its market cap grew by 508% in the past two quarters to $2.3 billion. Its growth outpaced tokens with a similar market cap, as its market cap rank increased from 81 to 57 during that time period. Less than a year after its launch, Sui has become a top network by DeFi activity. Its #TVL grew by 1,459% in the past two quarters to $787 million, ranking it 12th among all ecosystems. Its average daily DEX volume increased by even more, up 3,689% to $78 million. During the past two quarters, Sui network usage reached a peak of 453,000 daily active addresses during #Mysten Labs’ onchain gaming quest, Quest 3. Excluding that period, Sui averaged 24,000 daily active addresses and 1.8 million daily transactions throughout Q4’23 and Q1’24. Upcoming upgrades will bring further scaling improvements to the network. Near the end of March, Mysten Labs introduced Pilotfish, a new execution scaling solution that distributes execution work across multiple machines for a single validator. After quarter end, the #Sui Foundation announced Mysticeti, a consensus upgrade planned for this summer.
#trendingnews #reports #btc
#trendingnews #reports #btc
imagine investing 1000$ on A1 and bonk 2024 will never stop to thank you
#A16ZCrypto #bonklisting #1000BONK/USDT #MANTA #trendingnews
#A16ZCrypto #bonklisting #1000BONK/USDT #MANTA #trendingnews
XRP Price Prediction: Prepare For 5,000% God Candle Above $30 ✅
" A God Candle In The Making "
On Friday, crypto analyst Egrag Crypto came forward with their most recent analysis of the XRP price. Egrag’s conclusion on this analysis came with the expectation of what is usually referred to as a ‘God candle’. This simply means a continuously increasing price trend that leaves a straight green line in its wake.
XRP Price To Surge 5,000% Above $30
In a follow-up prediction, Egrag Crypto reveals their expectations for what the XRP price can do. Outside of the already established bullish trends, the analyst holds high hope for the crypto. They show on a chart that they expect an over 5,000% rally for the altcoin.
The chart attached in the X post outlines a surge to over $30. This price point is placed somewhere in the 2025 time frame, as the analyst cautions investors to not get distracted in the market. Egrag warns that “it’s going to put your emotions to the test, challenge your patience, and measure your endurance.” However, there seems to be a bigger payoff when the price does cross the $30 level.
$XRP #BinanceSquare #CryptoTalks #CryptoNews #ripple #trendingnews
" A God Candle In The Making "
On Friday, crypto analyst Egrag Crypto came forward with their most recent analysis of the XRP price. Egrag’s conclusion on this analysis came with the expectation of what is usually referred to as a ‘God candle’. This simply means a continuously increasing price trend that leaves a straight green line in its wake.
XRP Price To Surge 5,000% Above $30
In a follow-up prediction, Egrag Crypto reveals their expectations for what the XRP price can do. Outside of the already established bullish trends, the analyst holds high hope for the crypto. They show on a chart that they expect an over 5,000% rally for the altcoin.
The chart attached in the X post outlines a surge to over $30. This price point is placed somewhere in the 2025 time frame, as the analyst cautions investors to not get distracted in the market. Egrag warns that “it’s going to put your emotions to the test, challenge your patience, and measure your endurance.” However, there seems to be a bigger payoff when the price does cross the $30 level.
$XRP #BinanceSquare #CryptoTalks #CryptoNews #ripple #trendingnews
Disney Pinnacle NFT Unveiled: Navigating the Enchanted World of Exclusive Digital Collectibles
#Disney Pinnacle: Where Blockchain Meets Magic! Unveiling the Socially Driven NFT Marketplace in Partnership with Dapper Labs"
Dive into the enchanting world of Disney like never before with the upcoming launch of Disney Pinnacle, a groundbreaking NFT marketplace crafted in collaboration with Dapper Labs. Imagine having officially licensed, collectible digital pins featuring your favorite characters from Disney, Pixar, and Star Wars, all at your fingertips. Set to make its grand entrance on the Apple App Store later this year, Disney Pinnacle is not just a marketplace; it's a magical realm where fans globally can connect, trade, embark on challenges, and flaunt their love for iconic characters.
Operated by Dapper Labs, the creative minds behind the success of CryptoKitties and NBA Top Shot, Disney Pinnacle transcends traditional collectibles. It's a socially driven #NFT haven where every pin tells a unique story. Imagine building your own collection of digital pins that you can instantly trade, securely, with fellow enthusiasts worldwide. From iconic Disney classics to beloved Pixar characters and the heroes and villains of Star Wars, each digital pin is a piece of art that encapsulates the magic of storytelling.
As the gateway to 100 years of Disney magic, Disney Pinnacle isn't just a platform; it's a digital adventure. Fans can carry their cherished collectibles on their phones, creating personalized collections that travel with them wherever they go. Designed on the Flow blockchain, Disney Pinnacle stands out for its reliability and developer-friendly features, offering a fresh perspective in the NFT space. Get ready to explore, trade, and experience the enchantment – Disney Pinnacle is set to redefine the way we connect with the characters we adore!
#crypto #BTC #trendingnews
#Disney Pinnacle: Where Blockchain Meets Magic! Unveiling the Socially Driven NFT Marketplace in Partnership with Dapper Labs"
Dive into the enchanting world of Disney like never before with the upcoming launch of Disney Pinnacle, a groundbreaking NFT marketplace crafted in collaboration with Dapper Labs. Imagine having officially licensed, collectible digital pins featuring your favorite characters from Disney, Pixar, and Star Wars, all at your fingertips. Set to make its grand entrance on the Apple App Store later this year, Disney Pinnacle is not just a marketplace; it's a magical realm where fans globally can connect, trade, embark on challenges, and flaunt their love for iconic characters.
Operated by Dapper Labs, the creative minds behind the success of CryptoKitties and NBA Top Shot, Disney Pinnacle transcends traditional collectibles. It's a socially driven #NFT haven where every pin tells a unique story. Imagine building your own collection of digital pins that you can instantly trade, securely, with fellow enthusiasts worldwide. From iconic Disney classics to beloved Pixar characters and the heroes and villains of Star Wars, each digital pin is a piece of art that encapsulates the magic of storytelling.
As the gateway to 100 years of Disney magic, Disney Pinnacle isn't just a platform; it's a digital adventure. Fans can carry their cherished collectibles on their phones, creating personalized collections that travel with them wherever they go. Designed on the Flow blockchain, Disney Pinnacle stands out for its reliability and developer-friendly features, offering a fresh perspective in the NFT space. Get ready to explore, trade, and experience the enchantment – Disney Pinnacle is set to redefine the way we connect with the characters we adore!
#crypto #BTC #trendingnews
🔥 Important Announcement
Dr. Hani Al-Asfar (CEO of Gulf Software and Technology Company) said that he will announce a new series of listings for GULF Coin ($GULF) on global platforms before the end of the current year.
Further he said that by the end of this year, $GULF will be available on five other networks, led by Ethereum and Polygon.🔥
He announced that $GULF will be listed on many global platforms, including MEXC, Gate, OKX, and many other global platforms, with MEXC Global, OKX and Gate.io at the forefront.
#trending #Trendingcoins #etf #trendingnews #ETH
Dr. Hani Al-Asfar (CEO of Gulf Software and Technology Company) said that he will announce a new series of listings for GULF Coin ($GULF) on global platforms before the end of the current year.
Further he said that by the end of this year, $GULF will be available on five other networks, led by Ethereum and Polygon.🔥
He announced that $GULF will be listed on many global platforms, including MEXC, Gate, OKX, and many other global platforms, with MEXC Global, OKX and Gate.io at the forefront.
#trending #Trendingcoins #etf #trendingnews #ETH
