September 2024 saw an uprise in crypto hacks, with total losses surpassing $120+ million. This figure marks the second-lowest monthly loss from hacks in 2024, following April. Centralized exchanges were the primary targets, continuing to show vulnerability to cyberattacks, with BingX and Indodax suffering the most significant losses.

Blockchain security firm Peckshield reported that the cumulative loss for the month amounted to $120.23 million, spread across more than 20 hacks. Centralized exchanges alone accounted for over half of this figure, with BingX losing $44 million and Indodax facing losses of $21 million.

#PeckShieldAlert September 2024 saw 20+ hacks in the crypto space, leading to ~$120.23 million in losses. (Note: The $32.4 million worth of $spWETH drained in a Permit signature #phishing is not included)#Top 10 Hacks in September 2024:#BingX: $44 million#Penpie: $27 million… pic.twitter.com/t2YuvIds6u

— PeckShieldAlert (@PeckShieldAlert) October 1, 2024

Compared to the previous month of August, which saw nearly $314 million stolen in crypto hacks, September recorded a 61.7% drop in losses. Despite the reduction, centralized exchanges continue to be prime targets, raising concerns about their security, with Certik Alert pegging their hack figures at $161.1 million.

#CertiKStatsAlert Combining all the incidents in September we’ve confirmed ~$161.1m lost to exploits, hacks and scams after ~$2.1m was returned.September has seen a 2x increase in incident numbers over August.Exit scams: ~$0.7mFlash loans: ~$4.7mExploits: ~$155.7mMore… pic.twitter.com/q8wX4WrBJ9

— CertiK Alert (@CertiKAlert) September 30, 2024

DeFi Protocols Also Hit

Decentralized finance (DeFi) platforms were not spared either. Penpie, a DeFi protocol, experienced one of the larger losses, falling victim to a $27 million exploit. Other notable DeFi platforms hacked in September include Delta Prime, which lost $6 million, inflation data provider Truflation ($5.6 million), and the liquid staking protocol Bedrock, which suffered a $2 million breach.

Crypto lender Shezmu also faced a $5 million attack but was able to partially recover the stolen funds through direct negotiations with the hacker. Meanwhile, Telegram bot Banana Gun announced it would refund affected users following a $3 million exploit.

WazirX Still Reeling from 2024’s Largest Hack

Indian exchange WazirX remains the biggest victim of cryptocurrency hacks in 2024, with losses amounting to $235 million after a breach in July. The exchange was compromised when one of its Safe Multisig wallets on Ethereum was hacked. As a result, WazirX suspended all withdrawals while conducting an internal investigation.

It's been over a month since WazirX, a major crypto exchange operating in India, claimed that a cyber attack on their platform led to the theft of $230 million (~ Rs 2000 cr) worth of funds.We have attempted to be in regular touch with WazirX since the day of the incident but…

— CoinSwitch: India's Simplest Crypto App (@CoinSwitch) August 28, 2024

Despite three months passing since the incident, WazirX has not yet outlined a compensation plan for affected users. Adding to its troubles, rival exchange CoinSwitch has taken legal action against WazirX to recover 2% of its assets, estimated at $6.2 million. WazirX has acknowledged that 43% of customer funds lost in the hack may never be recovered.

Despite being lower than in previous months, September’s hack toll highlights the persistent vulnerability of centralized exchanges and DeFi platforms to cyberattacks. As crypto markets expand, the pressure to tighten security measures and protect user funds becomes more urgent. WazirX’s prolonged recovery efforts are an immediate testimonial of the consequences such breaches can have on users and platforms.

Security Quarterly Report: Q3 2024– Total network losses: $743 million– 60+ phishing incidents: $340 million losses (58.08% increase)On Aug 19, a victim lost 4,064 $BTC ($238 million) to a phishing attack. The stolen funds were swiftly moved through platforms like… pic.twitter.com/cSLosFgJMa

— OKLink (@OKLink) September 30, 2024

Meanwhile, per a Q3 security report by on-chain data hub OKLink, a total of over $740 million has been lost to network hacks, with a single victim suffering the loss of 4,064 BTC (worth $238 million) as of writing.

The post September 2024 Crypto Hacks Exceed $120M, Centralized Exchanges Hit Hard  appeared first on Coinfomania.

Robinhood Crypto has launched its crypto transfer services in Europe, allowing users to deposit and withdraw more than 20 different cryptocurrencies. 

The announcement, made on October 1, 2024, marks a significant expansion for the platform, as it seeks to offer broader access to crypto transfers and self-custody services for European users. However, several popular tokens, including XRP and Toncoin, are excluded from the service.

Customers using Robinhood’s European platform will be able to transfer cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Dogecoin (DOGE), Shiba Inu (SHIB), and USD Coin (USDC). The service also comes with a 1% yield on deposits, which will be paid out in the same crypto that users deposit, providing an added incentive for customers to engage with the platform.

Robinhood Expands Crypto Services in Europe

Robinhood’s latest move into the European market underscores its intention to make decentralized finance (DeFi) more accessible to its users. Johann Kerbrat, VP and GM of Robinhood Crypto explained the significance of the new service, stating: 

“With the launch of crypto transfers in Europe, we’re making self-custody and entering DeFi simpler and more accessible for our customers.”

The new crypto transfer service is designed to offer users more control over their crypto assets. By enabling deposits and withdrawals for over 20 cryptocurrencies, Robinhood aims to ensure a “safe, low-cost, and reliable experience” for its European customers. The platform’s ability to offer a 1% return on deposits is also seen as a way to encourage more user engagement and asset transfers.

XRP, Toncoin Among Excluded Tokens

Despite the broad range of supported tokens, Robinhood’s European crypto transfer service excludes 13 cryptocurrencies. Notable exclusions include XRP, zkSync (ZK), Wormhole (W), Arbitrum (ARB), Cosmos (ATOM), Polkadot (DOT), EOS, Fantom (FTM), Jupiter (JUP), Near Protocol (NEAR), Optimism (OP), Celestia (TIA), and Toncoin (TON). 

These exclusions have drawn attention from the crypto community, particularly given XRP’s recent listing on Robinhood’s European platform.

The decision to exclude XRP from the transfer service comes as a surprise, especially after its inclusion for European users in September. The token had gained attention following Ripple Labs’ legal battles with the U.S. SEC, which are now nearing resolution. While XRP is available for trading, the exclusion from transfers has raised questions among its supporters.

Despite these exclusions, Robinhood has been expanding its offerings. The platform recently added Uniswap (UNI), Stellar (XLM), and Tezos (XTZ) for New York-based users, prompting speculation that XRP could soon be listed in the United States as well. While there has been no official confirmation, market participants are closely watching these developments.

The post Robinhood Expands Crypto Services in Europe Yet Excludes XRP appeared first on Coinfomania.

Blockchain giant company, Ripple, has made headlines today after receiving in-principle approval from the Dubai Financial Services Authority (DFSA) to expand its services in the UAE region. The approval marks a significant milestone in Ripple’s effort to expand its operations globally.

Notably, the recent update comes amid growing speculations of a potential SEC appeal in the four-year-long legal battle between the two entities. Ripple took to social media to announce the achievement while expressing excitement about the future.

Ripple Gets Regulatory Approval

In a blog post on its official website, the California-based blockchain firm disclosed that the approval allows it to expand its service from the Dubai International Financial Centre (DIFC). Consequently, this has strengthened Ripple’s global footprint as a recognized and regulated company.

With this, Ripple can now introduce its cross-border payment services, including Ripple Payments Direct (RPD) in the region.

We’re delighted to have secured in-principle approval of a financial services license from Dubai Financial Services Authority, unlocking our end-to-end managed payments services in the UAE. https://t.co/4zq8YPlgaG

— Ripple (@Ripple) October 1, 2024

Ripple also noted that the expansion is in line with its mission of introducing businesses to faster, cost-effective, and more efficient global payment solutions.

In a statement, the CEO of Ripple, Brad Garlinghouse, emphasized the growing adoption of cryptocurrencies and its underlying blockchain technology and how the UAE is gradually becoming a hub for financial technology.

“Blockchain and crypto technologies are here to stay, and with its forward-thinking regulatory approach and clear guidance for innovative businesses seeking to invest and scale, the UAE is positioning itself as a global leader in this new era of financial technology,” he said.

Interestingly, the new approval positions Ripple as the first and only provider of blockchain-enabled payment services in the region to be licensed by the authority.

This story is being updated.

The post Ripple Expands Into UAE With New DFSA Approval appeared first on Coinfomania.

Render (RNDR) has been on an upward trend, showing promising signs for future gains.

As of press time, Render was trading at $6.64 with a 24-hour trading volume of $357.58 million, representing a 3.29% increase over the last day. 

Over the past week, the token has surged by 8.68%, bringing its market cap to approximately $2.6 billion, with a circulating supply of 390 million RNDR. 

With a strong support base and growing interest in AI-powered blockchain projects, Render’s price momentum has drawn attention from investors.

Render is also part of Grayscale’s decentralized AI fund, which offers exposure to leading altcoins like Near Protocol (NEAR), Bittensor (TAO), and Filecoin (FIL), further increasing its appeal among institutional investors.

Key Resistance at 7.00 USDT

Technical analysis indicates that Render is approaching a crucial resistance level at 7.00 USDT, which has historically served as a significant horizontal support/resistance zone. A breakout above this level could pave the way for a strong upward move, with a potential target set around 11.16 USDT. If Render successfully breaks through the resistance, this target represents a potential 56.03% increase from current levels.

Source: TradingView

If Render breaks the 7.00 USDT resistance, it may return to this level before continuing its upward trend toward the next resistance at 11.16 USDT. On the downside, 4.00 USDT serves as a strong support level. Should the price fall back and test this support, it may provide buying opportunities for traders or indicate a deeper correction.

RSI and Bollinger Bands Signal Caution

The Relative Strength Index (RSI) for Render currently stands at 65.77, indicating that while the token is showing bullish momentum, it is approaching overbought conditions. An RSI above 70 is typically seen as a signal of overbought conditions, which could lead to a potential correction or consolidation phase. 

If the RSI stabilizes in the current range, the upward trend may continue before reaching overbought levels. However, traders should monitor the RSI closely as a rise above 70 could trigger a short-term pullback.

Source: TradingView

The Bollinger Bands are also widening, suggesting increased market volatility. The price is nearing the upper Bollinger Band, indicating that the asset is approaching potential overbought territory. A touch or breakout beyond the upper band could signal a pullback, although continued price movement within the bands suggests the current momentum is strong.

Aroon Indicator Shows Strong Uptrend

The Aroon Indicator further confirms the strength of the uptrend. The Aroon Up line is at 71.43%, while the Aroon Down sits at 7.14%, signaling that the bullish momentum is intact, with few signs of recent price lows. When the Aroon Up is above 70% and the Aroon Down remains low, it typically suggests the uptrend is continuing.

This technical setup suggests that Render is in a strong position, but traders should keep an eye on any shifts in the Aroon Indicator. A crossover of the Aroon lines could signal a potential trend reversal.

Volume has been relatively stable over the past few days, without significant spikes. While volume is supporting the ongoing price movement, a surge in volume could further confirm the strength of the current bullish trend. 

Conversely, declining volume during the upward trend may indicate weakening buying pressure, potentially leading to a correction.

If volume increases alongside price movement, it could reinforce confidence in the bullish outlook, signaling that more investors are entering the market. Traders should closely watch for volume spikes to gauge the strength of the ongoing trend.

The post Render (RNDR) Price Prediction October 1: Render Nears Key Resistance as Price Surges, Bullish Breakout Ahead? appeared first on Coinfomania.

The market’s crypto prices showed mixed trading patterns in the early Asian trading hours today. The largest crypto by trade volume, Bitcoin dipped to the $63k zone after reaching a high of $64,610 earlier. As investors continue to hope for a bullish outbreak, the broader market has reflected mixed trading patterns, with most coins in the red territory and others in green.

As investors’ sentiment slides to ‘neutral’ on the crypto fear and greed index, the total crypto market valuation dropped by 0.60% to rest at $2.26 trillion at the time of writing. The AI crypto market, which includes coins like Near Protocol, Render, Bittensor, and FET, has also shown mixed trading signals. Below is an overview of how the top coins have reacted in the last 24 hours.

Top Crypto Prices Today

The price of Bitcoin exhibited volatility today amid market optimism. The flagship coin traded at $63,984 when writing, indicating a 0.68% drop in the last 24 hours. According to on-chain data, Bitcoin touched the low and high of $62,969.58 and $64,662.59 respectively, with a one-day trading volume of $35.2 billion.

Interestingly, the price decline comes amid a significant inflow of $61.30 million into Bitcoin ETFs as of September 30, per Soso Value data. It is important to note that the Japanese publicly traded company, Metaplanet announced that it had acquired additional Bitcoins today, to the tune of 107.91 BTC, valued at 1 billion yen ($6.9 million).

Source: CoinMarketCap

Meanwhile, the leading altcoin, Ethereum, has reversed its course today. The price of ETH spiked by 0.65% at press time to change hands at $2,645. Additionally, Ethereum has moved between the range of $2,581.66 and $2,652.65 respectively in one day.

Moreover, its 24-hour trading volume also recorded an upsurge of 35.38% to $17.7 billion. However, Ethereum ETFs recorded outflows of $822.29k as of September 30.

Other Altcoin Prices

Solana dropped in the last 24 hours. SOL price declined by 0.70% and changed hands at $156.67. Solana’s one-day low and high reached $151.62 and $157.10 respectively. Notably, the SOL’s market cap reached $73.3 billion at the time of writing.

Similarly, the XRP price slipped by 2.78% in the past 24 hours to trade at $0.6437. The coin moved between the bottom and peak of $0.6107 and $0.6519, respectively. Lastly, XRP’s market cap rested at $35.5 billion today.

Binance Coin (BNB) declined marginally at the time of writing. The Binance native coin lost 0.10% of its value to reach $581.64 and maintained a 24-hour trading range of $564.88 and $582.46 respectively. The TRX price spiked by 0.90% to trade at $0.1565 with a 24-hour trading range of $0.1544 and $0.1568 respectively.

Meanwhile, the AI crypto market has shown a mixed trading pattern over the last 24 hours. One of the notable coins in this category is the Render (RENDER) token. The recently upgraded coin has seen impressive gains over the last seven days, surging by 7.88%, and by 30.68 within the last 30 days.

Though the momentum looks to be fading, RENDER has managed to position as one of the coins registering gains at the time of writing. CoinMarketCap data show that RENDER gained 0.28% at press time to trade at $6.67. Notably, its 24-hour trading volume spiked by 4% to $336 million suggesting increasing activities among traders and investors.

Source: CoinMarketCap

The memecoin market also showed varied movements today. The Dogecoin price dropped by 3.51% to reach $0.1186 today. Also, Shiba Inu, the second-largest memecoin, plummeted by 1.45% to $0.00001851. PEPE increased by 0.44% while Dog Wif Hat (WIF) increased by 6.70%.

Top Trending Crypto Gainers Today

Sancho (SANCHO) skyrocketed by 79.63% to reach $0.0002437

AI Companion (AIC) moved up by 22.19% to $0.1098

EigenLayer (EIGEN) jumped by 13.03% to $4.20

First Neiro on Ethereum (NEIRO) surged 10.67% to $0.001139

Celo (CELO) added 9.92% to $0.7235

The post Crypto Price Update October 1: BTC Slides to $63K, RENDER Dips, AI Coins Show Mixed Patterns appeared first on Coinfomania.

Binance, one of the world’s leading cryptocurrency exchanges, has officially announced its plans to list the ERC-20 token EigenLayer (EIGEN) on its platform. 

This development comes shortly after Coinbase, another major player in the crypto exchange market included EigenLayer in its listing roadmap. The listing on Binance, set to take place on October 1, 2023, is seen as a significant milestone for the decentralized Ethereum restaking protocol.

According to an announcement made by Binance on September 30, the exchange will offer spot trading for EigenLayer (EIGEN) beginning October 1 at 05:00 UTC. The trading pairs available upon launch will be EIGEN/BTC, EIGEN/USDT, EIGEN/FDUSD, and EIGEN/TRY. 

Ahead of this launch, Binance has already opened its platform for deposits of the EIGEN token, allowing users to prepare for the upcoming trading session.

Withdrawals for EigenLayer will commence shortly after, on October 2 at 05:00 UTC. Notably, Binance has set the listing fee for this asset at 0BNB, which simplifies the listing process for traders. However, the exchange has also applied a seed tag to the token, indicating a warning of high volatility and risk associated with this new listing.

CoinBase Supports EIGEN Listing, Boosts Market Sentiment

Prior to Binance’s announcement, Coinbase revealed its plans to list the EIGEN token on its platform. This move from two major cryptocurrency exchanges has generated significant interest and optimism within the market.

Given the high level of attention it has attracted, analysts are closely watching whether these listings will positively impact the price and adoption of the EIGEN token.

Binance’s application of the seed tag, though a cautionary measure, is not uncommon for new or highly volatile tokens. It informs traders of the risks while presenting an opportunity for market participants to engage with a new asset with growth potential.

Market Reactions to Past Token Listings

Historically, listings on major exchanges like Binance and Coinbase have often resulted in positive price movements for the tokens involved. For example, REI Network (REI) saw a notable price surge after its futures listing on Binance, gaining over 20%. 

Following the listing on Coinbase ZKsync (ZK) noted a jump in its price. These events have promoted further conjecture that EigenLayer’s listings might occur in a comparable fashion although market factors and asset performance may change considerably.

Current crypto market observers closely analyze the situation to evaluate EigenLayer’s prospects for price changes and trading activity related to Binance and Coinbase’s joint entry.

The post Binance to List EigenLayer (EIGEN) Token Following Coinbase’s Announcement appeared first on Coinfomania.

The recently launched Hamster Kombat, a viral Telegram-based tap-to-earn game, is facing mounting uncertainty as its native token, HMSTR, experiences a sharp decline in value. 

This development comes shortly after the token’s remarkable surge following its listing on Binance, the largest cryptocurrency exchange by trading volume. However, despite its early success, the token has struggled to maintain stability, leaving crypto investors on edge.

After its listing on Binance, HMSTR saw an impressive 581% surge in price, leading to a staggering billion dollars in trading volume on its first day, outperforming many altcoins. This spike initially gave the token significant traction in the crypto space. However, this bullish momentum was short-lived, with the token experiencing notable volatility over the past 24 hours.

Current Market Performance

As of press time Hamster Kombat was trading at $0.005795, down 4.10% from the previous day. The token’s market cap is $373 million, placing it at #150 on CoinMarketCap, with a 24-hour trading volume of $242,063,656. 

The circulating supply is reported at 64.4 trillion HMSTR tokens, with a maximum supply of 100 trillion. The token’s rapid fluctuation in price has raised concerns among investors, with many watching closely for signs of further market movements.

The price chart for HMSTR over the past day shows significant volatility. The token’s price began around $0.00601 before plunging to a low of $0.0057. 

While there was a brief recovery later in the evening of September 29, the price continued to fluctuate, culminating in a short-lived surge to above $0.0061 in the early hours of September 30. Despite this upward spike, the token quickly retraced its gains, dropping back to the $0.0058 range.

Source: CoinMarketCap

Currently, the token appears to be facing resistance levels at $0.0057, with investors eagerly monitoring for signs of stabilization. The volatility has particularly attracted short-term traders looking to capitalize on the rapid price movements. 

Technical Indicators Signal Mixed Outlook

In recent trading activity for the HMSTR/USDT pair on Binance, the token showed a slight upward movement, reaching $0.005770 after hitting a low of $0.005700. 

The MACD indicator reflects a bearish trend, as the MACD line has crossed below the signal line, although the narrowing gap suggests potential stabilization. The weakening downward momentum, as seen in the histogram, points to a possible reversal in the near future.

Source: TradingView

Moreover, the Relative Strength Index (RSI) is set at 41.09 meaning that the stock is near the oversold level. 

The overall RSI is down for the relative price decline, but a slightly upward slope in the recent data signifies a reversal. Still, technicals have reversal signs that raise doubts about the ability of short-term market signals to guide traders appropriately.

The post Hamster Kombat Price Prediction September 30: HMSTR Dips 4.10%, But Will $0.0057 Support Hold? appeared first on Coinfomania.

The crypto prices in the market resumed today on a widespread red trading pattern according to the crypto heat map overview. The flagship cryptocurrency, Bitcoin, surged as high as $66k over the last 24 hours but quickly retraced to $63k.

Consequently, the total market valuation declined by 1.36% to $2.27 trillion at the time of writing. However, its trading volume spiked by 32.9% to rest at $63.62 billion. Amid the market slump, investors’ sentiment still reflects optimism given that the crypto fear and greed index data points to ‘greed.’ Below is an overview of how the top coins have reacted in the last 24 hours.

Top Crypto Prices Today

The price of Bitcoin has encountered volatility in the last 24 hours. On-chain data show that BTC traded between $63,897.39 and $66,000.44 respectively within this time.

However, at the time of writing, the largest cryptocurrency by market volume changed hands at $63,980, reflecting a 2.48% decline. Notably, Bitcoin ETFs saw $494.27 million in daily total net inflow as of September 27.

Source: CoinMarketCap

Similarly, the flagship altcoin, Ethereum dropped over the last day. According to CoinMarketCap data, the price of ETH slipped by 0.94% to $2,625.

Ethereum moved between the range of $2,604.81 and $2,670.98 respectively in the last 24 hours with a trading volume surge to $13.3 billion. Meanwhile, Ethereum ETFs recorded a daily total net inflow of $58.65 million per Soso Value data.

Earlier today, Coinfomania reported a sizeable ETH transfer from a wallet linked to Vitalik Buterin. The wallet shifted 649 ETH, valued at $1.72 million to another address, to Paxos, continuing a pattern of notable transfers within the last month.

Other Altcoin Prices

Solana declined over the last day. SOL price dropped by 0.42% and changed hands at $155.82. Solana’s one-day low and high touched $155.39 and $161.31 respectively. Moreover, the SOL’s market cap reached $73.07 billion at press time.

Meanwhile, XRP saw the most gains among the top 10 cryptocurrencies. The XRP price jumped by 2.73% in the past 24 hours to trade at $0.6437. The coin moved between the bottom and peak of $0.6235 and $0.6613, respectively. Lastly, XRP’s market cap touched $36.4 billion today.

Binance Coin (BNB) declined significantly at the time of writing. The Binance native coin lost 3.49% of its value to reach $575.93 and maintained a 24-hour trading range of $573.07 and $601.00 respectively. The TRX price dipped by 0.16% to rest at $0.1552 with a 24-hour trading range of $0.1548 and $0.1576 respectively.

Meanwhile, the Hamster Kombat token, HMSTR, caused a stir among its players. Following its token allocations that saw “CEOs” given between $2 to $5 after months of tapping and playing the game, and its listing on major crypto exchanges, the token price has continued a downward trend as wide sell-off rocks the asset.

At the time of writing, HMSTR traded at $0.005754, representing a 4.29% decline in the last 24 hours. However, its trading volume continues to surge, this time, up by 52% to $242.8 million.

Source: CoinMarketCap

The memecoin market traded mostly in red today. The Dogecoin price dropped by 5.13% to reach $0.1247 today. Also, Shiba Inu, the second-largest memecoin, plummeted by 7.46% to $0.00001819. PEPE dropped by 4.49% while Dog Wif Hat (WIF) increased by 3.49%.

Top Trending Crypto Gainers Today

Hana (HANA) skyrocketed by 82.67% to reach $0.001645

Baby BNB BABY moved up by 60.57% to $0.1346

FTX Token (FTT) surged 34.64% to $2.15

TerraClassicUSD (USTC) jumped by 12.30% to $0.02266

Sui (SUI) added 4.32% to $1.74

The post Crypto Price Update September 30: BTC Drops to $63K, HMSTR Declines by 5% appeared first on Coinfomania.

Two meme coins, Moo Deng and Pepe Unchained, are gaining traction with Moo Deng reaching a $70 million market cap and Pepe Unchained raising $15 million in its presale.

The Solana meme coin Moo Deng (MOODENG) and the new ICO Pepe Unchained (PEPU) tokens both reached considerable milestones.

Moo Deng, a two-month-old pygmy hippopotamus from the Khao Kheow Open Zoo in Thailand, has recently gone viral, attracting more than 25 million views – it was only a matter of time before a meme coin also appeared.

Enter the Moo Deng token (MOODENG). Within a few days after its launch two weeks ago, it reached a market cap of $70 million.

The mischievous comedy of the coin has garnered attention from the biggest Moo Deng fan page on Twitter (which now has almost 39,000 followers, compared with the 10,000 people who hold the coin).

The rapid growth of this momentum on social media has also resulted in MOODENG becoming the fourth-biggest meme coin on the site Pump.fun, climbing above significantly better-resourced tokens such as Billy (BILLY), Smoking Chicken Fish (SCF) and even Daddy Tate (DADDY), the meme coin endorsed by the controversial Andrew Tate. 

But while Moo Deng’s virality continues to transcend, another project is hot on the social media crypto scene for a very different reason: bringing the latest in cutting-edge technology to the meme coin niche. 

 Pepe Unchained: $15 Million Raised and Counting

While Moo Deng exploits cuteness to boost its infant hippo coin to its present market cap, PEPU exploits both faddish meme coin culture and technological innovation.

The initiative has just cleared its largest obstacle – its presale raised $15 million – and it is far from a stopping point. 

BUY $PEPU NOW AT ITS LOWEST PRICE POINT

Pepe Unchained seeks to solve the scalability issue relating to meme coins. PEPU is a layer-2 solution that specialises in meme coins. As a blockchain structure built for meme coins, PEPU can be seamlessly utilised on protocols like Ethereum to further scale them due to their excessive network congestion when it comes to high volumes of trading.

In fact, Pepe Unchained is offering something other than just another meme coin. It’s a technical solution that claims will make trade particularly suited for ‘fly-off-the-handle’ meme coins which are faster, cheaper and more intuitive for trading.

The presale has attracted interest from Dogecoin (DOGE) and Shiba Inu (SHIB) investors who missed the beginning of the meme coin boom. Pepe Unchained still gives them a chance to invest early on a cranked-up version of the original meme, this time fused with practical blockchain applications. 

 Early investors can buy PEPU tokens currently at a price of $0.00985, with the price set to rise in a matter of days. The project has currently amassed over 15,000 followers on Twitter and 7,500 members on Telegram.

Alongside its technical features, Pepe Unchained has also started a ‘Pepe Frens With Benefits Collective’ that gives blockchain developers financial rewards for working on applications built on the PEPU layer-2. 

INVEST IN $PEPU EARLY BEFORE IT BECOMES NEXT 100X CRYPTO

Pepe Unchained is garnering attention from mainstream crypto analysts such as ClayBro, a YouTuber who recently described PEPU as a balance of ‘meme culture and developing tech’ and predicted that this combination would cause the price to rise.

PEPU will offer competitive early investor staking rewards and early investors could benefit from an annual yield of 150%. The project has already seen a staggering 1 billion tokens staked by retail and institutional investors.

With Moo Deng hitting a market cap of $70 million and Pepe Unchained selling $15 million of tokens in weeks, these meme coins are showing no signs of slowing down. Pepe Unchained presale is moving extremely fast – look out for PEPU tokens before the price hike.

The post Meme Coin Surges Alert: Solana Meme Coin Moo Deng Hits $70M Market Cap and Pepe Unchained Raises $15M in Just Weeks! appeared first on Coinfomania.

Are you stuck on which crypto presale to participate in in 2024?

The good news is that most inventors and crypto supporters are working hard to develop appropriate projects worth investing in.

Most investors view virtual reality, decentralized financing, gaming, and education as fields to expand on when creating new projects. Every crypto developer wants to entice investors, leading to an increased rate of presales in the market. 

Investors are ready to make huge hoards and update their profile by investing cash in crypto presales. Whale investors now work hard to put their capital into presales that might multiply their money quickly.

Therefore, one can make a treasure by investing in the right coin presale. Current presales like 5thScape make 2024 one of the enticing years for crypto lovers ready to earn big. Therefore, buying tokens during the presale period is crucial to securing a high level of profit. 

For instance, when Bitcoin was in the presale stage, one Bitcoin sold for $0.0009. The overriding people to invest in it would have realized about 100 million percent profit if they had sold it at the peak of $73,000.  

Diving into crypto presales guarantees profits and brings the pride of investing in new technologies. Imagine the bragging rights that the initial Bitcoin investors have seeing their coin at the top of the world. 

During presales, buyers get tokens at a low price. Pre-sales are similar to mustard seeds, which are too tiny to see with the naked eye but sprout to be a huge tree.

This article portrays a deeper insight into crypto presales and comes the benefits of timely participation. The full article lets you find the best crypto presales in 2024 and learn how to participate.

Understanding Crypto Presales 

A crypto presale is a style of floating funds before a cryptocurrency is arrayed to the public. This stage allows investors to buy tokens at a lower price than the initial offering price. 

There is a diverse difference between presales and Initial Coin Offerings (ICOs). Presales allow developers to point out impending challenges to the project, polish selling tactics, and fix funding targets. On the other hand, ICOs have broader funding goals and higher token prices. 

The number of presales partakers is lower than those participating in ICOs. 

The prices of tokens in pre-sales are low, while ICOs offer high prices for tokens.

List of Best Crypto Presale of 2024

5thScape (5SCAPE) 

99 Bitcoins (99BTC)

EarthMeta

ETukTuk

SpacePay

The new projects allow investors to invest and participate right from the inception period. 

We have already understood crypto presales and identified some of the top presales in 2024. It is now time to dive deeper to have in-depth knowledge of the top presales and learn how to mint money from them. 

Top Crypto Presales of 2024

Here is the in-depth analysis of the most promising crypto presales

1. 5thScape

Do you feel mesmerized by the mention of virtual reality (VR)? Then, 5thScape is a superlative virtual reality (VR) environment that employs blockchain machinery to create a groundbreaking digital experience.

The 5thScape presale stage aims to change the nature of communication in the virtual world by incorporating blockchain technology to enhance transaction security. The 5thScape metaverse allows users to interact, create content, and partake in social activities in the VR environment. It uses the Ethereum blockchain and has risen ranks to become among the top presales as it is poised to offer huge returns.

Its native token is the 5SCAPE Coin, which is responsible for rewards, transactions, and governance in its environment. The new project includes live games such as Epic Cricket Arena, Thrust Hunter, and Cage Conquest. The incorporated games offer a new experience characterized by high speeds and precision.

Anoj Kumar is the CEO of 5thScape, a team of developers ready to broaden the ecosystem to include health, education, and enterprises. 5thScape’s tokenomics accentuates long-term growth and bigger community participation. There are 5.1 billion tokens available. Eighty percent of the tokens are available during the presale, while 20 percent are earmarked for liquidity, development, and miscellaneous activities.  

The project creators aim to raise $15 million from the presale to aid development.

2. 99 Bitcoins 

Are you tired of lagging on crypto matters? You can now get complete and all-inclusive information through the 99 Bitcoin platform. The platform recompenses users who learn about crypto and blockchain with $99BTC tokens. It is not discriminative since it offers crypto newbies and veteran traders knowledge. The 99 Bitcoin combines the Learn-to-Earn norm. 

The method applied in the 99 Bitcoins platform dishes out information in a highly collaborative procedure, keeping the learner educated and eager to get more information. 99 Bitcoins offers the best way for investors to get acquainted with the ever-changing crypto world.

99 Bitcoins entered the crypto space by offering a presale. In the presale, users earned $99BTC tokens and could stake the acquired tokens for higher returns. If you are curious about whether many people are ready to get information, you need to look at social media. There is a huge following that is hungry for crypto knowledge. The project is big and ambitious.

99 Bitcoins tokenomics entails 99 billion tokens. The presale takes 10.5%, marketing is allocated 23%, staking takes 14%, liquidity 8%, project funds a lion’s share of 27.50%, and community rewards are allocated 17%. The presale targets $12 million to fund the project. 

3. EarthMeta

EarthMeta is one of the best crypto presales observed in 2024. The venture’s metaverse, an imitation of Earth, fascinates most crypto fans. The platform enables users to procure assets and even administer cities in the simulated world.

Users can become governors in virtual cities, divide streets, create landmarks, buildings, and other memorials, and create NFT assets. They can trade these assets on EarthMeta’s marketplace. Any transaction made within a particular city earns a 1% tax to the city governor. Another exciting aspect is the customization of economies by users through API integrations.

EarthMeta’s tokenomics emphasize pleasing long-term participation and thus inspire early purchase. EarthMeta’s native token (SEMT) entices crypto investors with the promise of colossal annual percentage yields (APY). The presale participants obtain a 15% bonus for their purchases.

Early investors also get free NFT cities. In addition, participants in the presale will have access to extra features and can join EarthMeta’s Decentralized Autonomous Organization (DAO).

The project runs on the Polygon blockchain, thus benefiting from fast processing time and low transaction charges. EarthMeta’s emergence threatens already accomplished platforms like Sandbox.  

4. eTukTuk ($TUK)

Pollution and carbon discharges threaten our future and livelihoods. We face the dangers of destructive gases and components that kill. Carbon emissions can be lowered by enrollment in green projects in the crypto world. eTukTuk is joining the climate-sensitive group by transforming electric tuk-tuks.

Some investors might not know what a tuk-tuk is and its uses. A tuk-tuk is common in Asia and Africa. It is a three-wheeled vehicle used as a means of transport since most consider it cheaper and can pass through tiny streets. When it comes to air quality, that is where the tuk-tuk draws the line since its rate of air pollution is too high.

E-TukTuk is here to clear the mess of air pollution. The e-TukTuK project entails a campaign to overhaul the tuk-tuk to create an eco-friendly machine.

The project propelled a presale of its native token, TUK, at $0.033 per token. Its foremost goal is to increase sufficient funds to decrease contamination across Asia and Africa. Furthermore, the project is gearing towards improvements in the combat against carbon emissions.

According to the developers of the eTukTuk platform, TUK tokens are not just for trading; drivers can use them to pay at charging stations. The fun part is the Crazy Taxi platform, which offers play-to-earn (P2E) games and allows investors to earn. 

5. SpacePay

Is it time to transform cryptocurrency payments? SpacePay advocates for revolution through its platform by linking blockchain technology in day-to-day financial maneuvers. SpacePay assists users in paying through their preferred crypto by seamlessly incorporating existing credit cards. The structure integrates more than 325 cryptocurrencies around the world.

SpacePay aspires to improve payment procedures. In this case, “A user makes payment through crypto, and then merchants receive their money through traditional currencies.” This is one strident manner of breaking the barrier between cryptocurrency and traditional forms of payment. SpacePay’s inventors created a cost-efficient and functioning platform to increase market efficiency. The platform charges reasonable transaction charges, making it attractive to sellers and buyers.

SpacePay propelled a presale with its SPY token, which is an ERC20 token housed in the Ethereum blockchain. Its fundamental activities in the SpacePay environment include staking for rewards and safeguarding smooth transactions. Holders of the SPY token get easy and timely access to new features, loyalty airdrops, voting during decision-making, and endorsement of revenue-sharing procedures.

The platform developers have vested their energy in incorporating financial regulations. Their consideration of adhering to financial regulations shows their commitment to the digital era. 

Benefits of participating in presales

Lower prices

Investors get tokens at a cheaper price during presales, which eventually turn highly profitable. 

Early access to innovative projects

Pre-sales are a great way to get acquainted with new, highly sophisticated tech, as innovators tend to showcase their talents. The new projects bring bragging rights to the early investors. 

Investors become part of the developing community, contributing to the growth of the coin from conception upwards.  

Risks involved in crypto presales

 Regulatory issues

Many jurisdictions have different regulations regarding crypto. Investors can learn how to comply with regulations before the coin goes public. 

 Project failure

Some projects might collapse before reaching the general public. The failure will not be too damaging to investors since the presales offer cheaper prices. 

Criteria for Evaluating Crypto Presales

Finding the best crypto presale is not easy because it requires hard work and determination. You must consider different aspects and be sure of what you invest your money in. Never go blindly because you might lose too much. 

Here are criteria that can put you on top of things:

Evaluate the project team and background

The success of any cryptocurrency project highly depends on its team members and how connected they are in the crypto space. A team of crypto devotees who have featured in unfolding successful projects seems more trustworthy. On the other hand, a team encompassing only firsthand people in the market may depict ineffectiveness or lack of experience. Therefore, digging deeper into the team’s background is crucial to establish trustworthiness. 

Use case and technology behind the project

Use cases involve the people concerned with the project and whether the project might broaden its operations. 

A credible project must present a whitepaper detailing the technology and its use. You need to read the document and comprehend how the project uses the specified blockchain technology.

All trusted cryptos display their whitepapers on their websites for everyone to see. The whitepaper needs to be clear and readable. 

Tokenomics and distribution

Tokenomics are the rules central to the minting, circulating, and selling tokens. When assessing a coin, three significant items to note are its market capitalization, volume available for trading, and market supply. 

Investing in a coin by observing its market cap is not the only factor to tell whether it is credible or not. Coins with a market cap of more than $1 billion might be less risky, but this is not definite. High trading volume coins represent steadiness and better liquidity. Coins with lower volumes portray a lack of investor curiosity. Lastly, knowing the available coins in the market gives the right impression of their scarcity.

Community support and engagement

The coin’s community support authenticates its trustworthiness. Social media sites are now the hub of information. Decent crypto projects have accounts on X, Discord, and Reddit. To get accurate information, look at how the managers engage people through the accounts and check comments from followers and participants. 

Roadmap and development progress

The roadmap displays the step-by-step benchmarks, the project’s objectives, goals achieved, milestones stretched, and future events. Since the roadmap is a checklist, one can know where the project is heading and determine if it is taking the documented conduit. Also, it is vital to evaluate whether the timelines given seem genuine.

Partnerships and collaborations

Knowing the project’s partners and collaborators is crucial. Crypto presales gain traction when they incorporate known people in the crypto world. You must conduct thorough research on the collaborators and partners of the project. Invest in projects where partners or collaborators are people who have previously created credible projects. 

Security measures and audit reports

Investing in a secure crypto promises enhanced earnings and permanence. It is crucial to check the security procedures set aside by the crypto project and see whether they are inclusive enough to guarantee safety.

How to Participate in Crypto Presales 

At this point, you might be ready to participate in a crypto presale. Here are the crucial steps; however, they can differ depending on the project. 

Research and choose a presale: 

Conduct an in-depth inquiry on the crypto presale you want to invest in and be aware of everything. As explained above, assess the team and check the whitepaper, technology used, conglomerates, and all aspects. All the information is vital because you do not want to risk your money.

When picking the presale you are ready to invest in, it is vital to take the one that supports your interests and objectives. You can find presales on the project’s official website, media channels, or through affiliates. However, before risking your hard-earned money, you must be convinced of your selected project. 

Set up a cryptocurrency wallet: 

A cryptocurrency wallet works as a digital bank where you can hoard your digital assets. You need a crypto wallet connected to the presale token you want to purchase. Some of the prevalent crypto wallets are MetaMask and MyEtherWallet, among others. You must secure the wallet with a password and two-factor authentication to protect your assets.

Transfer funds to the wallet: 

You are now about to be set to acquire your desired crypto. You must purchase crypto in your wallet and acquire the cryptocurrency from reputable crypto exchanges. Most presales require the buyer to use Bitcoin or Ethereum. Buy the amount necessary to invest in crypto and get ready to invest. 

Follow the project’s presale instructions: 

Although the directions for joining a presale fluctuate from one project to another, most necessitate investors to join a whitelist. Joining a whitelist is essential to display curiosity about the crypto asset.

It is common for every customer to complete the Know Your Customer (KYC) procedure together with the Anti-Money Laundering (AML) authentication. In this case, you must upload your government-issued documents to ascertain legitimacy. 

If the presale period has not started, wait for it to start to buy the tokens. Presales have a specific time frame when they commence and the closure date. If the presale has started, contribute your funds to the project by sending the coins in your wallet to the wallet provided by the project. 

The project will issue presale tokens once your contribution is complete. Most projects have a timeframe for delivery of the tokens, so you should check and settle whether you have received them. Always confirm that the tokens are protected to dodge theft or phishing.

Tips for Maximising Success

Here are essential tips to help you make the most out of a presale.

Staying updated with project announcements: Communication gives the project shape and direction. Most project teams frequently inform their investors of their progress to keep them in touch. Projects broadcast declarations on their websites and social media pages. Therefore, regularly visit the project site and check their social media pages to get up-to-date information. 

Joining community groups and forums: You cannot have all the essential information at once, which makes information sharing and discussion essential. Reddit provides a platform where people form a forum to discuss and exchange ideas about a specific project. Join such forums to gain information on your best presale. 

Using trusted platforms for transactions: The safety of finances depends on the platform used. Always use trusted platforms for your transactions. Always protect yourself from becoming a victim of scandalous platforms that might tap your information or funds. Use reliable exchanges with a good track record.

Conclusion 

Crypto presales are a familiar spectacle in the present world. Most investors have made vast incomes by investing in presales. Imagine those who invested in Bitcoin presales are now enjoying millions of dollars by selling coins they acquired through presales. You must look for the best presale in the market to be successful, or else you will lose all your money to fraudsters.

In 2024, the crypto world saw several best presales, with projects such as 5thScape catching the attention of most crypto investors.

By reading this article, you are sure you have in-depth information on investing in crypto presales. We have painted ways of assessing crypto presales and how to participate in presales. Always be keen on crypto presales to make investments because not all that glitters is gold. Some projects might be white elephant schemes to siphon money from unsuspecting investors.

The post Best Crypto Presale 2024 – September Updated appeared first on Coinfomania.

The co-founder of Ethereum, Vitalik Buerin, has made headlines today following a significant ETH transfer from a wallet address that is reportedly linked to him. Over the past month, the same wallet has transacted a substantial amount of ETH coins according to on-chain data. The constant movement has raised debate across the ETH community, as members speculate the reasons behind them.

Notably, the recent transfer coincides with a red trading pattern for ETH. In the last 24 hours, the price of ETH has slipped by about 1.15%, joining a broader market downtrend. At the time of writing, the total crypto market valuation slipped by 1.58% to rest at $2.27 trillion.

Vitalik Buterin Moves $1.72 Million in ETH

Spot on Chain, a prominent crypto transaction tracker, called our attention to this action in a post on X (formerly Twitter) earlier today. According to the details, a wallet, labeled “0x556,” associated with the Russian-born crypto billionaire deposited 649 ETH to the crypto brokerage Paxos.

The transaction which was done about 20 hours ago from the time of writing has a total value of $1.72 million. This comes following a previous transfer of 651 ETH to Paxos.

Notably, the aforementioned wallet address received 1,300 ETH, valued at approximately $3.21 million, on September 19 from an address tagged “0xd04.” This wallet previously got funded with 70k ETH by Buterin in 2022.

Wallet “0x556,” associated with @VitalikButerin, deposited the last 649 $ETH ($1.72M) to #Paxos ~20 hours ago.Notably, on Sep 19, wallet “0x556” received 1,300 $ETH ($3.21M) from wallet “0xd04,” which got funded with 70K $ETH by Vitalik Buterin in 2022.Over the past 11 days,… pic.twitter.com/tuRYZKGmiV

— Spot On Chain (@spotonchain) September 30, 2024

Also, Spot on Chain noted that all 1,300 ETH were deposited to Paxos over the last 11 days at an average price of $2,581 per coin, worth $3.35 million.

Ethereum Whales on the Move

Meanwhile, a recent report from Lookonchain suggested a significant whale movement within the last 24 hours. According to the report, a smart trader with an absolute win rate of 100% in swing trading ETH, just purchased a staggering 10,083 ETH, worth $26.8 million.

For context, swing trading is a trading technique that involves initiating multiple trades within a short time as opposed to day trading where traders trade one asset daily. In swing trading, traders take trades that last for some days or up to several months to make profits from expected price moves.

Lookonchain highlighted that this trader has traded ETH ten times since August 12, and has made gains in every move, up to approximately $2.14 million in profits. Large crypto buys like this translate to bullish, as the trader bets large on the future trajectory of the asset.

Meanwhile, at press time, the Ethereum price declined by 0.96% to change hands at $2,636. However, its one-day trading volume surged by 39.23% to $13.6 billion.

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The Dutch Authority for the Financial Markets (AFM) has issued a warning regarding the risks posed by crypto pump-and-dump schemes as Europe prepares to enforce the Markets in Crypto-Assets Regulation (MiCA). The AFM, per their press release, voiced concerns about manipulative practices in the sector and hinted at the good MiCA will do once it comes into effect.

DUTCH REGULATOR CALLS OUT CRYPTO PUMP-AND-DUMPS BEFORE MiCA The Dutch Authority for Financial Markets (AFM) is giving crypto traders a heads-up: stop with the pump-and-dumps before the EU’s MiCA regulations hit in December.MiCA, which stands for Markets in Crypto-Assets, is… pic.twitter.com/0TRBYvXWkH

— Mario Nawfal’s Roundtable (@RoundtableSpace) September 29, 2024

Per the AFM’s official statement, MiCA is set to come into full swing across the European Union by December 30. This regulation is gunning to beef up transparency and market integrity within the crypto industry. Under MiCA, practices such as pump-and-dump schemes will be outrightly banned, and the AFM will be responsible for overseeing and enforcing these regulations in the Netherlands.

The AFM’s Position on These Schemes

Pump-and-dumps happen when someone artificially inflates the price of a crypto asset by spreading misleading or exaggerated information, mostly via social media. Once the price has ballooned due to the hype, those masterminding the scheme sell off their holdings at a profit, leaving unsuspecting investors with assets with no real worth.

In recent months, the AFM has conducted several investigations into such schemes, preparing to take a firm stance against them once MiCA becomes law. Hanzo van Beusekom, a member of the AFM’s executive board, stressed that these practices “undermine trust” in the crypto market, which is crucial for the long-term potential of digital assets.

MiCA’s introduction is seen as a step forward in maturing the crypto market and solidifying investor protection. However, the AFM has made it super clear that while MiCA will address many risks, it won’t eliminate them entirely.

“The Markets in Crypto-Assets Regulation (MiCAR) is designed to elevate the crypto sector’s maturity and enhance investor protection. However, MiCAR will not eliminate all risks in the crypto sector,” the AFM stated.

Concerns Over Crypto Consolidation and Relocation

As MiCA draws close, concerns are being raised about its possible weight on the larger crypto ecosystem. Anastasija Plotnikova, CEO and co-founder of Fideum shared her views with Cointelegraph, expressing concerns that the regulation could lead to big-time consolidation within the industry. She suggested that the regulatory environment might push some Web3 firms to relocate to regions with more favorable conditions, such as the Middle East.

Plotnikova emphasized that MiCA could make the crypto space more similar to traditional finance, potentially stifling the decentralized nature of Web3 technologies.

With MiCA’s implementation just months away, the AFM remains focused on ensuring compliance and protecting market participants from fraudulent practices.

The post AFM Prepares for MiCA Rollout, Warns of Crypto Pump-and-Dump Schemes in the Crypto Market appeared first on Coinfomania.

The world of crypto is full of “what-ifs” and “could-haves,” and one trader’s journey typifies that better than most. In 2009, Bitcoin was still a novel concept. The world hadn’t yet trapped the revolutionary potential of a decentralized currency. For this trader, 2009 to 2012 was spent not chasing Bitcoin but pursuing distractions—video games and girls, as he now mentions in his confession. “I wasted my youth and money,” he admits, missing the train when Bitcoin was at its early stage of adoption. Back then, Bitcoin was changing hands around a few dollars, a far cry from the six-figure highs it would later achieve.

I wasted my youth and money in 2009-2012 playing video games and chasing girls instead of buying Bitcoin. Wasted another oppotunity to buy $8 Ethereum in 2015. Buying Cardano a little too late in early 2021. Now I vow to myself not repeating the same mistakes again. I'm buying…

— Coinfessions (@coinfessions) September 27, 2024

Opportunities Meet Ready People But Misses the Waiters

By 2015, another opportunity came knocking in the form of Ethereum. At $8 a token, Ethereum was laying the groundwork for decentralized apps and smart contracts, essentially heralding the future of blockchain technology. But again, this trader found himself sidetracked. “I missed the boat on Ethereum too,” he recalls, lamenting another lost chance to secure early gains. This was the era when many early adopters became millionaires, and unfortunately, he wasn’t one of them.

The story doesn’t end there. In early 2021, like many retail investors, he jumped on the Cardano (ADA) bandwagon, but it was a little too late. Cardano had already made big moves, and while the trader did buy in, it was at a higher price than he could have gotten had he done his research earlier. The rise of Cardano was spontaneous, but like anything in crypto, timing is everything. “I bought Cardano a little too late,” he says, acknowledging that while it was a good project, he could have maximized profits by entering earlier.

From his confessions, there’s a deep sense of regret but also an evolving awareness. The biggest lesson here? Recognize opportunity before it slips away. “I vow to myself not to repeat the same mistakes again. I’m buying early this time,” he promises. This simple yet profound decision holds the key to future success in crypto. For every Bitcoin, Ethereum, or Cardano, new projects will seem insignificant at first but may evolve into industry giants. By being proactive, this trader can change the narrative from missed opportunities to calculated wins.

Settle Down and Do Your Homework First

The takeaway for everyone in crypto is crystal clear: patience, foresight, and research can make all the difference. Crypto is volatile, and sometimes, you’ve got to sit on your hands or do the hard work of diving into white papers and roadmaps when prices are low. The best investments are often made when the crowd isn’t looking.

The beauty of this trader’s story is that he hasn’t given up. Even after missing multiple chances, he’s learned from his mistakes and is preparing for the next wave of crypto opportunities. “Buying early” isn’t just about being first; it’s about being informed and ready. With this new mindset, there’s no telling what heights he might reach.

The post Missed Opportunities and a Crypto Trader’s Vow to Never Repeat Them appeared first on Coinfomania.

Ethereum (ETH), the second-largest cryptocurrency by market capitalization, has long been speculated as a potential competitor to Bitcoin (BTC). 

If Ethereum were to match Bitcoin‘s current market cap of $1.3 trillion, its price would likely surge by 309%, reaching approximately $10,785 per ETH.

As of September 29, Ethereum is trading at $2,656.96, with a market cap of $319.8 billion. This potential increase has raised investor interest in Ethereum’s long-term growth, especially in light of key principles outlined by its co-founder Vitalik Buterin for the platform’s future.

Ethereum Price Projection if Market Cap Matches Bitcoin

Ethereum’s current market capitalization pales in comparison to Bitcoin’s $1.298 trillion. While Ethereum has significant utility in decentralized finance (DeFi) and non-fungible tokens (NFTs), it is still far behind Bitcoin’s dominance. 

If Ethereum were to match Bitcoin’s market cap, the value of its 120.3 million circulating supply would rise significantly. A simple calculation based on this supply suggests that ETH would trade at around $10,785, marking a dramatic 309% increase from the current price of $2,656.96.

This potential growth is fueled by Ethereum’s transition to a Proof-of-Stake (PoS) consensus mechanism, which has drawn attention from institutional investors and spurred the launch of Ethereum ETFs. These developments, combined with Ethereum’s broad use in DeFi and NFTs, place it in a prime position for significant future market growth.

Vitalik Buterin’s Vision for Ethereum Growth

Ethereum’s co-founder, Vitalik Buterin, recently outlined key principles that are expected to guide Ethereum’s evolution. These principles emphasise open-source development, open standards, decentralization, and security.

According to Buterin, collaboration within the Ethereum ecosystem and the broader blockchain community will be critical for its future success.

Making Ethereum alignment legiblehttps://t.co/Ydwox0c01i

— vitalik.eth (@VitalikButerin) September 28, 2024

Buterin also mentioned the need to track how individual projects align with these principles. He cited L2beat, a website tracking Ethereum layer 2 projects, as an example of how to measure adherence to these goals. These guiding principles are expected to further Ethereum’s potential as a leading platform in the blockchain industry and help it compete with Bitcoin’s dominance.

Ether’s Recent Price Movement and Future Potential

Since May 2024 Ether has decreased by 33% moving from $3.974 to $2.649. The situation indicates that a recovery may be likely. A low has been reached and the price is now in a steady stage that points towards an upcoming trend shift.

The MACD indicator indicates a bullish trend as the MACD line rises above the signal line. 

Source: TradingView

Sitting at 57.79 the RSI is just above the neutral zone which shows that Ether is neither overbought nor oversold providing opportunities for growth when purchasing interest rises.

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Flow blockchain, developed by the creators of CryptoKitties and NBA Top Shot, is solidifying its role as a key infrastructure for Web3 and the emerging open metaverse.

Known for its innovative applications, such as non-fungible tokens (NFTs) and decentralized finance (DeFi), Flow is setting itself apart with its intuitive programming language, Cadence.

This unique coding environment streamlines the development process, making it easier for both developers and users to interact within the ecosystem. Recent price activity suggests that Flow may be in a phase of stabilization, although market volatility persists.

Current Market Performance and Price Trends

As of today, Flow’s price stands at $0.612656, showing a 0.73% increase over the last 24 hours. It holds a 24-hour trading volume of $20.2 million, indicating active interest from market participants. Flow is ranked #76 by CoinMarketCap, with a circulating supply of $1.53 billion FLOW coins and a total market capitalization of $940.21 million. 

An analysis of the most recent price chart, covering a 20-hour period from September 28 to September 29, reflects fluctuating price movements between $0.605 and $0.620.

Despite several dips to approximately $0.607, the price repeatedly rebounded to hover above $0.610, with the highest points nearing $0.620.

This ongoing pattern of volatility indicates a sensitive market, likely influenced by short-term trading behaviors or external factors affecting the cryptocurrency sector.

Source: CoinMarketCap

Historical Performance and Technical Analysis

A broader look at Flow’s price movement from April to September 2024 presents a different picture. The daily candlestick chart for Flow/US Dollar (FLOW/USD) on Coinbase shows a clear downtrend from April through June. 

However, a recovery period began in mid-September, during which Flow’s price began to consolidate between $0.50 and $0.70, signaling a potential stabilization phase.

The technical indicators further support this outlook. The Moving Average Convergence Divergence (MACD) shows the blue line crossing above the orange signal line, suggesting a possible bullish trend. 

Source: TradingView

The small positive bars on the MACD histogram confirm that upward momentum may be building.

Meanwhile, the Relative Strength Index (RSI) stands at 61, indicating that Flow is gaining strength but has not yet reached overbought territory. This technical setup suggests that Flow’s price could continue its upward trajectory if market conditions remain favorable.

Volatility and Potential for Growth

These series of price movements signifies volatility in the price of Flow but from the current trend one is able to deduce that the asset is gainig its stable position as it is seen to be consolidating, while the technical indicators show the positive outlook.

Being a Blockchain designed for WEB 3.0 and metaverse markets, Flows current market volatility is part of a cyclical problem with cryptocurrencies, but innovation remains peaked while prices fluctuate.

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Walking down the street, lost in thought, one trader shared their pitiful realization on X: “How can people spend their life working 9-5 every day?” With dreams of breaking the mold, this trader decided to go all-in on crypto. Things were looking golden. Family investments were thriving, multiplying by five times their original worth. Every trade on perpetual contracts (perps) seemed like a home run. It felt like nothing could stop this spectacular rise.

“I was unstoppable,” the trader admits. After each successful trade, they’d dive deeper, buying altcoins and doubling down. Soon enough, they were staring at a portfolio worth millions. The dream was abundantly clear: “Thinking about the house I am going to get with my wife and the amazing life we will have when we have our kids,” the trader said. By March 2024, the future seemed so bright it could blind you.

Image Source: Coinfessions X page 

Lost Hope and Shattered Dreams

But here’s the thing about the crypto market — it doesn’t care about your feelings. Losing trades piled one after another. The market took a nosedive, and so did the portfolio.

From the euphoric high of potential riches to a heartbreaking 90% crash, the trader’s fortune was gone in the blink of an eye. “I sold everything at a loss,” they confessed. In a crushing move, the trader returned the initial money to their family, ensuring they were safe from the fallout. But what was left for them? The rest of the funds were handed over to their wife. The promises of a dream house and a carefree life with kids now felt like distant memories. “I failed as a man. I am a failure,” the trader lamented, wrestling with the emotional weight of letting down his family and themselves.

This story hits home for many in the crypto world. One moment, everything is perfect, but the volatile nature of crypto can make you feel like you’re building a sandcastle just inches from the tide. The trader’s confidence was their undoing — fueled by success after success, they were blindsided by how quickly things could turn.

Failure is Not Final

So, what’s the takeaway here? First, never let overconfidence lead you into dangerous waters. The crypto market doesn’t owe anyone anything. Even when the wins appear endless, it’s safer to have an exit strategy. That means knowing when to step back, take profits, or even cut your losses.

Also, emotional resilience is key. The ability to keep it together even amid fire is powerful. “I failed to deliver the promises I made,” the trader says, but the truth is that failure is part of the crypto mix. It’s more about how you recover from losses than the loss itself.

Eventually, the trader may feel like a failure today, but this isn’t the end of their story. This trader is picking up the pieces for now, but tomorrow, they may be wiser, stronger, and back on top.

The post When High Hopes Come Crashing Down: An Unfortunate Trader’s Hard Lesson from Millions to Failure in Crypto Investing appeared first on Coinfomania.

John Deaton, a well-known figure in the crypto world and a candidate for the U.S. Senate in Massachusetts, has voiced his opposition to a federal Central Bank Digital Currency (CBDC). In a fresh sit-down with Generation Infinity, Deaton shared his concerns about government control and privacy issues related to a CBDC.

DISRUPTING THE STATUS QUO! In our interview with @JohnEDeaton1, we discussed his campaign for the U.S. Senate seat in Massachusetts against Elizabeth Warren, the bipartisan nature of technology, blockchain innovation, growth versus debt, term limits, and the future of… pic.twitter.com/sIAWtBzZAU

— Generation Infinity (@GenfinityIO) September 27, 2024

Deaton made it abundantly bare that he is willing to fight against the Federal Reserve issuing a consumer CBDC, calling it “a hill to die on.” He explained that while certain forms of CBDCs, which aim to streamline the banking system, might be acceptable, a consumer-facing version would pose a significant threat to personal financial autonomy. He stressed that such a system would permit the government to track and potentially restrict how individuals spend their money.

“If there’s a CBDC that’s used by the government to reduce friction […] with the banking system or something like that, that’s one thing. But a consumer-issued CBDC by the Federal Reserve? No, that’s a hill I’m willing to die on to oppose,” Deaton declared.

Criticism of Senator Warren’s CBDC Proposal

Deaton also fired at Senator Elizabeth Warren, referencing her support for a Federal Reserve-issued CBDC. He argued that Warren’s leaning could limit the use of decentralized cryptocurrencies like Bitcoin. He claimed that her proposal could effectively lead to a ban on Bitcoin and self-custody of crypto assets within the United States.

“Senator Warren introduced her bill, that’s a de facto ban on Bitcoin and self-custody of crypto in the United States,” Deaton stated, further highlighting that a federal CBDC would threaten the role of cash in the financial system.

Accountability and Term Limits

Beyond the CBDC issue, Deaton voiced concerns about government accountability and fiscal responsibility. He hammered the need for term limits in Congress, sternly opining that long-term incumbency stifles new ideas and leads to a lack of accountability. He also critiqued the “revolving door” between government regulators and the private sector, where former officials quickly land high-paying roles in industries they once regulated.

“You shouldn’t be allowed to be the SEC chairman on Friday, and on Monday, you’re Apollo Group’s adviser,” Deaton said. He suggested a mandatory three- to five-year gap between regulatory roles and private-sector positions to prevent conflicts of interest.

Call for Regulatory Clarity in Crypto

Deaton equally hinted at the importance of regulatory clarity in the crypto industry. He used his legal battle with the U.S. Securities and Exchange Commission (SEC) on behalf of XRP holders as a modest reference. Deaton critiqued the SEC’s ambiguous approach, pointing out that clear rules could help prevent innovators and businesses from avoiding the U.S. market.

“When I took on the SEC, on behalf of XRP holders, what I said from the very first writ of mandamus was just say that XRP itself isn’t a security. That’s all you’ve got to do, which is follow the law of 75 years,” Deaton remarked.

The Senate hopeful emphasized that the lack of clear regulatory guidelines has driven some entrepreneurs and companies to exclude the U.S. market entirely over the past five years, negatively impacting innovation and growth within the sector.

The post John Deaton Vows to Oppose Federal CBDC, A ‘Hill to Die On’ in Senate Run, He Says appeared first on Coinfomania.

Let’s start with the basics. When you’re looking at the crypto market, especially in times where a bull run seems imminent, the key isn’t just to follow the hype but to make strategic moves. And if you’re reading this, you’re probably already thinking about how to catch that next moonshot. Here’s where crypto presales sometimes come in as a powerful opportunity.

Crypto presales like EarthMeta are often where long-term success stories begin. If you’ve been in the crypto game for a while, you’ve likely heard stories of early investors in projects like Ethereum, Solana, or even meme coins like Dogecoin, who got in at the right time and saw returns beyond what they could have imagined. But let’s not get caught up in the hype—let’s focus on the strategy behind those x100 gains. There’s a reason why early-stage investments have the potential to explode.

The logic behind a moonshot

A moonshot refers to a crypto project that has the potential to see massive gains, often shooting up in value to the moon. But the key word here is “potential.” Not all cryptos are created equal, and the ones that turn into moonshots usually follow a few fundamental principles that can be understood and, in some cases, predicted.

Imagine you’re at the ground floor of a real estate development. The land hasn’t been built on yet, the houses haven’t been sold, but the location is great, and there’s a promise that this neighborhood will be the next big thing. If you buy early, you get in at a lower price. Over time, as the development grows, people start moving in, and suddenly your property is worth significantly more. 

But it’s not just about getting in early; it’s about choosing the right project. A crypto presale is essentially the stage where a project is offering its tokens to early participants before the general public gets access. The team behind the project has yet to release their product to the masses, so they offer tokens at a floor price to incentivize early believers. In exchange, you’re taking on a bit of risk—there’s no guarantee the project will succeed. But when done right, presales are where many of the biggest crypto gains are made.

EarthMeta:

Ever dreamed of owning a city? Not just any city, but your very own virtual city in the metaverse? Probably the best crypto to buy right now before the explosive bullrun, EarthMeta isn’t just another run-of-the-mill project. It’s the first decentralized, AI-powered metaverse where you get to govern, trade, and create an entire economy. That’s right – you can buy digital land, run a city, build iconic landmarks, and even rake in cash by selling virtual land. It’s like Monopoly on steroids, but in a super high-tech virtual world. And the best part? You don’t need to be a tech genius to jump in!

Right now, EarthMeta is in its presale stage. Buy tokens during the presale, and get a 10% bonus. Staking your tokens during the presale can get you up to 128% returns, just for being an early supporter. As if that’s not enough, you can also score free NFTs for cities in the metaverse. 

What’s so special about EarthMeta? 

Think of EarthMeta as the perfect fusion of AI, blockchain, and virtual reality. It’s designed to give you an experience so rich, it’s practically indistinguishable from real life. But instead of dealing with real-world headaches, you’re living the high life in a digital world.

You’ll have access to virtual real estate, AR experiences, and a marketplace where you can trade your assets. Plus, the platform’s AI-powered tools will give you all the insider data you need to make smart trades and build a successful virtual empire. (No more guessing which city is “hot” – the AI’s got your back!) – Here’s where things get really fun: You’re not just a player in the game. You’re the boss. As a governor of your city, you’ll call the shots. Want to divide up your city and sell off pieces of it? Go for it. Want to hold onto it and collect taxes from every transaction? You can do that, too. And if you become a President of a country, you’ll earn an extra 0.5% tax on every transaction in your nation. (Yep, even when you’re not the one selling!) 

Ethereum:

Ethereum is like the internet’s futuristic cousin. It’s not just for sending money, but a platform to build decentralized apps (dApps) and execute self-enforcing contracts called smart contracts. Created by Vitalik Buterin in 2015, Ethereum powers NFTs and DeFi—like having a digital art marketplace and a bank without needing middlemen. It’s all about transparency, speed, and cutting out unnecessary steps.

BlockDag:

BlockDag reimagines blockchain by using a Directed Acyclic Graph (DAG) structure, making transactions lightning-fast. Instead of a single chain, blocks spread like branches, allowing thousands of transactions per second. With GHOSTDAG, it ensures speed and security, offering both the efficiency of DAG and the robustness of blockchain.

Polygon:

Polygon (formerly Matic) scales Ethereum by offering faster, cheaper transactions. As Ethereum gets crowded and expensive, Polygon steps in as a Layer 2 solution, lowering costs. It’s evolved into POL, a multichain ecosystem connecting multiple blockchains seamlessly.

Solana:

Solana is the fastest blockchain around, capable of 65,000 transactions per second, thanks to its Proof of History mechanism. This speed and ultra-low fees make it ideal for NFTs, DeFi, and high-traffic applications.

Conclusion : 

In short, the best cryptos to buy now are those with a real value and growth potential, especially during their crypto presale phase. Projects like EarthMeta propose innovations in the metaverse market, and others like Ethereum, BlockDag, Polygon and Solana bring innovation into scalability and speed. Strategically buying early in these projects could lead to significant gains in the upcoming bull run.

The post 5 Best Crypto to Buy Now [Moonshot] for October 2024 appeared first on Coinfomania.

DOGS and SHIB are two meme coins that became popular because their prices skyrocketed shortly after their creation. However, analysts recently identified a presale token called RCOF, which they believe could outperform DOGS and SHIB after completing a 1000x bullish pattern.

If you don’t want to miss the upcoming rally, continue reading to discover why this new token might soar.

AI-Powered RCO Finance to Go on a Rampage

RCO Finance (RCOF) is new to the DeFi ecosystem, but it has already earned many commendations from users due to its distinctive crypto trading and investing aspects. 

Recently, RCOF formed a bullish chart pattern indicating potential growth of 1000x, prompting investors to ask: What makes this token capable of such an increase?

Well, one answer to the above question is its AI-based Robo-Advisor. With the help of this tool, RCO Finance can analyze financial data and perform trades more quickly than any human could. It diminishes the outlook of feelings when deciding and enhances the probability of financial profit.

RCO Finance can amplify investments up to 1:1000, making it suitable for newcomers and established traders. The platform also offers an exquisite debit card that allows users to convert their crypto assets into real money.

Moreover, RCO Finance has deflationary tokenomics, which is rare. Like other deflationary tokens, it also invests a percentage of its profit to buy back the RCOF tokens that will be taken out of circulation. 

This scarcity can mean high demand and, therefore, high prices, which is why RCOF is a more long-term investment. 

The security measures are very rigid. Fireblocks, a major player in digital asset management companies, has been integrated into its platform, coupled with SolidProof audits. As a result, investors can have faith that their investments are safe with the company.

The DOGS Token Community Decides on Token Burning

The DOGS project has distributed over 380 billion tokens to 20.5 million users. A token burn is on the horizon, and the community will decide how many unclaimed tokens should be burned. 

Additionally, DOGS plans to donate some tokens to charity, having already contributed over $300,000.

According to experts, both token burn and charity in the future for DOGS may trigger a rise in its token price and attract more investments. Currently trading around $0.000873, DOGS has experienced a 10% decline this week, with a neutral Relative Strength Index (RSI) of 53.27.

SHIB Burn Rate Jumps by 5,975%

The Shibburn X handle recently posted that the burn rate for the Shiba Inu coin has increased by an astonishing 5,975%. This rise comes after the market lead for Shiba Inu, Lucie, announced that the supply of SHIB would be reduced by purchasing and eliminating the token.

The price of Shiba Inu is hovering above the support level of $0.00001400 after increasing by 16% this week. It is attempting to cross the 100-day moving average at $0.00001534. Should it break this resistance, SHIB could target the all-important support level of $0.0000200.

RCOF Presale: Don’t Miss the Next Shiba Inu

RCO Finance is generating excitement with its token presale, now recognized as a promising investment opportunity. The project recently achieved an impressive 1000x bullish chart pattern after raising over $2 million in revenue.

Priced at $0.0344 in the second presale stage, new investors can expect an over 60% gain when the token enters the third stage. Forecasts suggest that the RCOF token will debut at $0.6, offering investors greater returns than DOGS and SHIB.

By participating in RCO Finance’s presale, investors can enjoy a range of attractive incentives. These benefits include additional RCOF tokens, tier-based rewards, and a chance to win a whopping $100,000 cash prize! 

To sweeten the deal further, use the promo code RCOF50 to enjoy a 50% discount on any purchase.

For more information about the RCO Finance (RCOF) Presale:

Visit RCO Finance Presale

Join The RCO Finance Community

SEO

The post DOGS and SHIB Alternative Completes 1000x Bullish Chart Pattern, Here is When it Could Skyrocket appeared first on Coinfomania.

Bitcoin has again demonstrated bullish momentum by climbing above $66,000 on Friday, signaling the potential for a sustained rally.

Market analysts suggest that Bitcoin may have exited its reaccumulation phase, which could set the stage for a parabolic rise. 

Reaccumulation Phase and Potential for Parabolic Run

Rekt Capital, a noted cryptocurrency analyst, shared insights into Bitcoin’s recent movements, emphasizing the importance of the reaccumulation phase in Bitcoin’s price cycles. 

According to the analysis, Bitcoin has returned to its reaccumulation range, a crucial indicator from previous bull cycles. The analyst highlighted that Bitcoin’s break above its downside deviation marks the end of the accumulation phase, signaling that the bargain-buying period has passed. 

This transition from accumulation is a precursor to a potential parabolic rally for both Bitcoin and altcoins. Historical data supports the notion that Bitcoin typically leads the way in bull markets, with liquidity first flowing into Bitcoin before trickling down to altcoins. 

While the cryptocurrency market may rally gradually over the coming months, some experts predict stronger upward momentum into October and beyond.

Hong Kong’s Role in Crypto Expansion

As Bitcoin gains momentum, Hong Kong’s evolving stance toward the crypto market is garnering attention. The region has positioned itself as a global over-the-counter (OTC) crypto hub, reinforcing its pro-crypto reputation. 

This strategic shift is particularly notable given Hong Kong’s proximity to China, which has maintained a stricter stance against cryptocurrencies.

The Thinking Crypto analyst pointed out that Hong Kong’s openness to crypto businesses and its support for crypto companies, including the introduction of crypto exchange-traded funds (ETFs), could significantly impact the broader market. 

Additionally, the analyst speculated that Hong Kong’s stance might influence China’s position on cryptocurrencies, with the possibility of China easing its anti-crypto policies by 2025. 

The advancement of Hong Kong as a crypto hub is a strategic move that may have ripple effect on the global crypto market.

As of Friday, Bitcoin was trading at $65,758.97 with a 24-hour trading volume of $20.7 million; however, the experts are still optimistic about BTC. 

Though Bitcoin has shown a 0.93% decline in the last one day, a bulls’ break through the 0.768 Fibonacci retracement level on the daily chart is likely to push the prices higher. Bitcoin market capitalization at the time of writing was $1.3 trillion with 19.76 million BTC in circulation.

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