Meme coins are the current trend in the cryptocurrency industry. However, there are still many questions about their long-term viability.

Meme Coin: Next Big Coin or Liquidity Escape for the Clique?
Meme coin traders, hold your seats. According to a recent publication by Binance Research, 97% of meme coins are dead with trading volume approaching zero.
This reflects sentiment about the volatile nature of most meme coins. While they have high potential for outsized returns due to rapid growth and speculation, they remain a very risky asset class with a high risk of loss due to their heavy reliance on market sentiment and lack of fundamental valuation support.

More and more often you can hear phrases like: “only non-custodial wallets,” but what does this mean and what kind of wallets are there? Let's delve deeper into this topic and understand what benefits different types of wallets offer.

👛 Main types of wallets:

🔑 Custodial - your key is under the control of the service. Forgot your password? No problem, it can be restored. However, if the service is attacked, it will be impossible to return funds.

Key Insights
There is a pressing need for secure crypto wallets in India.Investors looking to securely store their holdings should choose a wallet based on their everyday needs.Most wallets require a trade-off between security and ease of access.Some of the best ways to secure your crypto wallet is by applying 2FA, software updates, considering hardware wallets and steering clear of phishing scams

Crypto is a big deal in India. However, a new issue arises with this speed-up in momentum:
How can crypto speculators securely store their digital assets?
The major method of storing crypto is via a wallet. These tools play a major role in safeguarding assets and transferring them when needed.
But what is a crypto wallet? Moreso, how can you use one to store your holdings, especially in a growing market like India?
This piece breaks down everything you need to know about these highly important tools, as well as practical tips for securely managing your assets in 2024.

Understanding Crypto Wallets
Think of a crypto wallet as a piece of software or hardware. It allows its owner to store, manage and trade cryptos like Bitcoin, Ethereum, and others. 
It is no different from a bank account—but for crypto.
The core difference between a crypto wallet and a bank account in this case, is that crypto wallets don’t store funds physically.
Instead they store private keys, which are used to access said assets on the blockchain.
There are two major kinds of wallets you should know of:
Hot Wallets
These wallets are connected to the internet and are used by owners who transact frequently. They allow easier access with a few screen clicks and are perfect for on-the-go spending.
Good examples of hot wallets include mobile, web, and desktop wallets.
While these wallets offer easy access to funds, their major disadvantage is that they are highly secure—but not as secure as the other kind.

Cold Wallets
These are the opposite of hot wallets. Cold wallets are the offline kind and often come in the form of hardware devices.
They are best for storing crypto for the long-term and are not suitable for everyday purchases.
This is because of issues with “ease of access”. They also provide the best security against hacking and can be the perfect solution depending on their user’s needs.
Regardless of kind, crypto wallets work in a relatively simple way.
They simply generate a pair of cryptographic keys: A public key and a private key. 
The public key is like a bank account number which can be shared to others to receive payment.
The private key as its name implies, is like a password. This is what secures the wallet and is used to access or manage assets. 
If an unauthorized person gains access to one’s private keys, the wallet’s contents are as good as gone.

Types of Crypto Wallets
Here we dive deeply into the “types” of wallets.
While the “kinds” of crypto wallets are the hot and cold, the “types” are even more numerous.
Here are some of them, to be chosen based on need.

1. Mobile Wallets
These are some of the most common kinds. They are designed for smartphones and are popular because of their convenience.
Mobile wallets are great for day-to-day transactions. They allow quick access to funds and are on the app lists of most crypto-savvy users.
Best examples include apps like Trust Wallet and Coinbase Wallet. 
It is important to note that while mobile wallets are convenient, they are vulnerable to malware and hacking if a phone isn't adequately protected.

2. Web Wallets
Web wallets are hosted online and are accessible through browsers. 
The core feature of this type is that they are user-friendly and convenient for beginners. 
Platforms WazirX and ZebPay (popular exchanges in India) offer built-in web wallets that are worth checking out. 
The downside to web wallets is that while they offer easy access, they are even less secure compared to other types.
This is because they are very prone to phishing attacks. They can also be compromised by no fault of the user, if the service provider itself is hacked.

3. Desktop Wallets
These wallets are similar to apps like Microsoft office or VLC, in that they are installable on a computer.
They provide a good balance between security and usability and are therefore a major go-to choice for many. 
Great examples include Exodus and Electrum. 
The major advantage of this kind is that they are not connected to the internet unless they are actively being used.
The disadvantage is that if a computer is infected with malware, said wallet can be drained very easily. 

4. Hardware Wallets
These are some of the 10/10 types of crypto wallets when it comes to security.
They are a kind of cold wallet that stores private keys offline. This makes them the most secure option on this list.
Popular hardware wallets like Ledger Nano X and Trezor are mostly used by long-term crypto holders.
The main disadvantage of this kind is that they can be quite expensive and can go as high as $31,000 INR ($500).
However, their benefit far outweigh the price many times over. Hardware wallets are perfect for hardcore investors who don’t need to access their crypto daily.

5. Paper Wallets
This kind of wallet should be avoided unless necessary.
Paper wallets are merely physical bits of paper on which private keys or seed phrases are written.
While they are a kind of cold wallet (in a way) and are immune to hacking, they can still be damaged physically, lost or even stolen.
In the rare event that a paper wallet is the best option, make sure to store it in a secure location. Like a safe for example.

How to Safely Store Your Crypto in India
This is the bread and butter of the entire guide. 
If you’re dealing with crypto in a country like India (where the regulations are still in development) here are some things to know.

Choose A Wallet Kind/Type
Which wallet best suits your needs? Do you need access to your crypto daily? What are your views on security?
These are some of the biggest questions to ask before choosing a wallet: Whether hot or cold. Whether paper, web, mobile or hardware.
2. Enable Two-Factor Authentication (2FA)
If you have chosen a wallet kind/type already, make sure to always enable two-factor authentication. 
This adds an extra layer of protection to things and makes it extra hard for any would-be attacker to run off with funds.
Keep in mind that this step might require some identity verification through a second device or application.

2. Use a Hardware Wallet for Large Holdings
If your holdings are substantial, consider the benefits of a hardware wallet. Storing your private keys completely offline reduces the risk of online theft and hacking attempts.

3. Avoid Sharing Private Keys
Never share your private keys—under any circumstances whatsoever.
One of scammers’ favourite ways of stealing crypto is by tricking users into revealing their keys.
They do this through advanced social engineering and can pose as support staff, romantic partners, and so on.
Be cautious and ignore any requests for your private key information.

4. Keep Software Updated
If you're using an on-the go wallet like mobile/desktop/web, ensure that the software is always up-to-date.
Security patches and updates only take a few minutes. They are also important for protecting your wallet from vulnerabilities.

5. Be Aware of Phishing Scams
Phishing scams are everywhere—especially in the crypto space. 
Scammers often create fake websites or send emails that look legitimate. All of these are tactics to trick users into entering sensitive information.
Always double-check URLs and never click on suspicious links.

6. Store Backup Phrases Safely
Private keys can be hard to remember. As a result, most wallets generate a backup phrase.
This phrase is a set of words that can be used to recover your funds if you lose access to your wallet. 
Always store this phrase in a safe place. Store it separate from your wallet and never share it online.

Crypto in India is likely going to become more popular as the years pass. This means that the need for secure crypto wallets will only grow. 
Remember to choose the best wallet based on your needs and to practice safe crypto handling at all times.

#Crypto #web #india #wallet #hardware

Sounds unbelievable, right? That’s what I thought—until one of my friend showed me how they’re earning $5 daily without investing a single penny.

The secret? A revolutionary platform powered by AI and blockchain, designed to make earning effortless. It’s real, it’s simple, and it’s ready for you.

Want to follow in their footsteps? Here’s how you can start earning today!

@DIN Data Intelligence Network Pre-Mining Rewards & Node Advantages: A Game Changer in DeFi? 🤔

A New Era of DeFi Has Arrived ⏳
The DeFi space has seen its fair share of innovative projects, but DIN is ready to shake things up with its pre-mining rewards and node advantages. These two features could potentially be the catalyst that propels DIN into the spotlight, giving early adopters the chance to reap massive rewards. Are you ready to uncover what makes this project stand out?

Unlocking the Power of Pre-Mining Rewards 💎
Pre-mining rewards have always been an attractive feature in the crypto world, but DIN takes it a step further. By offering these rewards upfront, DIN allows participants to secure a substantial number of tokens before they’re even available to the general public. This early-bird advantage means that those who act fast can ride the wave as the project takes off—positioning themselves at the forefront of a promising new ecosystem. Who wouldn’t want to be part of that?

Node Advantages: A Secret Weapon for Maximum Gains ⚙️
Now, here’s where things get really interesting. DIN isn’t just about the rewards—it’s about how you earn them. By running a node in the DIN network, participants unlock exclusive features and rewards that provide an ongoing stream of returns. This isn’t just about staking your tokens; it’s about contributing to the network’s growth while reaping the benefits of the project’s success. Unlike many other projects, DIN’s node structure offers real advantages that could lead to consistent, passive income. But will this unique node structure be enough to keep it ahead of the competition?

So, How Does DIN Compare to the Rest? 🌟
When you stack up DIN’s pre-mining rewards and node advantages against the competition, the question is inevitable: Can it deliver the results it promises? While many projects boast similar rewards, DIN’s innovative approach to both pre-mining and node integration is a serious game-changer. With early access, exclusive features, and long-term benefits, DIN may just be rewriting the playbook for how DeFi projects should operate.

But Is It Too Good to Be True? 🔍
While the potential is undeniable, there’s still a sense of suspense surrounding DIN’s ability to live up to the hype. Will it deliver the growth and stability that it promises? Or will it fall short like so many other ambitious projects? Only time will tell—but one thing is for sure: DIN’s entry into the DeFi space has everyone talking, and it’s impossible to ignore.

The Future Looks Bright 🌅
As we wait for more updates and developments from DIN, there’s an air of excitement surrounding the project’s future. Pre-mining rewards, nodes with real advantages, and the potential for exponential growth? This could be the next big thing in DeFi. But don’t just take my word for it—what do you think?

The Big Question… 💭
Could DIN’s pre-mining rewards and node structure be the breakthrough we’ve all been waiting for in DeFi? I want to hear your thoughts! Comment below and let’s get the conversation started—what are your expectations for DIN? Will you be part of the revolution, or is this just another flash in the pan?

Stay Tuned 📖
One thing is certain: DIN is just getting started, and the next few months could define its place in the DeFi world. Will it live up to the hype? Only time will tell, but it’s a journey we’ll all want to be part of. Keep watching, because this story is far from over…

🔥 Like & Comment if you’re ready to explore DIN’s potential! 🔥

#DIN #GODINDataForAI #BinanceWeb3Airdrop
#Web $SOL $XRP $BNB

New data shows that bitcoin exchange-traded funds (ETFs) have collectively surpassed the impressive milestone of holding over 1 million BTC.

How 12 U.S. Bitcoin ETFs Quickly Acquired 1 Million BTC
In just 293 days, 12 U.S. spot bitcoin ETFs have accumulated over 1 million BTC, totaling nearly $71 billion. As of January 11, 2024, these funds have collectively added 1,007,705 BTC, worth approximately $70.995 billion as of 12:45 PM Eastern Time on October 31. Historically, Grayscale's GBTC led, initially holding 620,000 BTC at launch.

Bitcoin (BTC) has recently faced a significant challenge in the form of resistance levels and a drop in its value. Here's a simplified breakdown of the situation with some emojis and bold points:1. BTC Rejected at 27800-28000 Resistance 🚫 - Bitcoin attempted to surge, but it encountered a strong resistance zone between 27800 and 28000.2. Testing the 27500 Support Level 🧐 - As a result of the resistance, BTC is now testing the support level at 27500. 3. Bearish Signal Below 27500 📉 - It's essential to watch out for the closing price below this 27500 support level. If it happens, it's considered a bearish sign for the market.4. Caution Advised ⚠️ - In this volatile situation, it's not advisable to open any long trades at the moment.5. Use Strict Stop-Loss (SL) 🛡️ - If you already have open positions, it's crucial to use a strict stop-loss (SL) to manage your risk.In summary, BTC is facing resistance and is testing a support level. Caution is advised, and if you're in the market, make sure to use a strict stop-loss to protect your investments. 📉🧐⚠️🛡️#Laptop #web #website #BTC #crypto2023 $BNB $SOL $LTC

Ethereum may be heading for a breakthrough above $5,000, with Cryptoquant analysts pointing to a mix of tightening supply, climbing demand, and lively network activity as driving factors.

Will Ethereum Break $5K? Cryptoquant Highlights Key Indicators
According to Cryptoquant‘s December 2024 analysis, ethereum (ETH) is riding a wave of favorable trends, fueled by data from spot exchange-traded funds (ETFs) and insights into blockchain activity.
Spot ether ETFs in the United States, launched in July 2024, have witnessed a notable climb in holdings—from 3.095 million ETH to a peak of 3.41 million ETH. This uptick reflects growing investor interest, especially after holdings hit a low of 2.716 million ETH in Sept. 2024, according to Cryptoquant’s report.

On the supply front, a different narrative unfolds. Ethereum’s total supply has reached 120.44 million, the highest level since April 2023. However, a rise in ETH burned through transaction fees is creating downward pressure on supply. Between Aug. and Dec. 2024, the daily ETH burn rate jumped from 80 to 2,700, as noted by Cryptoquant researchers. This heightened burn rate is reining in supply growth, even as Ethereum’s usage continues to increase.
“The total supply of ETH has reached 120.44 million, its highest level since April 2023,” the report explains. “However, the pace of supply growth has slowed in recent months as the amount of ETH burned via fees has increased since September, exerting some deflationary pressure on ETH.”
The study further notes that Ethereum’s blockchain is also buzzing with activity in recent times. Average daily transactions in 2024 range from 6.5-7.5 million, up from 5 million in 2023. Similarly, contract calls—a key indicator of onchain engagement—have grown to 6-7 million daily. Cryptoquant analysts connect this spike in activity to the broader adoption of decentralized applications, which contributes to deflationary pressure that could bolster ethereum’s value.
The report notes:
Higher network activity on Ethereum signifies increased usage and demand for the network’s capabilities, reflecting growing adoption of decentralized applications. Moreover, it leads to greater ETH burned via transaction fees, which can create deflationary pressure on the total ETH supply, as the burn rate can outpace issuance during periods of high activity.
Cryptoquant also brings attention to ether’s realized price, a metric that reflects the average cost at which ETH is held. This figure currently caps ethereum’s potential price at $5,200 per unit, aligning with valuation ceilings during the 2021 bull market.
The report’s findings suggest that with deflationary trends, increased demand, and a bustling network, ethereum appears primed for a significant price move. While challenges persist, Cryptoquant analysts stress the importance of sustained interest and positive market sentiment in reaching the projected price milestone. Their findings highlight ETH’s evolving role at the intersection of financial innovation and blockchain technology.
#binance #wendy #bitcoin #eth #web $BTC $ETH $BNB