- A memecoin trader lost almost $8M in digital assets by investing in the Jeo Boden (BODEN) token.
- Your initial $8M investment is now worth around $85K, a 99% drop.
- Despite this, other traders are looking forward to a possible memecoin season.
- Tokens like Mogcoin (MOG) reached new all-time highs, with a market capitalization of $820M. Do you think we are on the cusp of a new season of memecoins? Leave your opinion in the comments!
š¤ Buying $10 in $PEPE in 2023, would have made you a lot of money. As you already know, the memecoin $PEPE has experienced a very large rise in just one year.
That is why I have calculated how much could have been earned in 1 year.
To do this, I have taken the historical low and high. The all-time low was in April 2023 ($0.000000027637826) and the all-time high was in May of this year ($0.000017177274712).
With this data, we can calculate that the price of the coin has multiplied more than 600 times. Just $10 could get you $5,000 or even more if purchased near historical lows and highs. With $100 you could buy a good car, because you would have between $50,000 and $65,000. What do you think?
ALARMING NEWS ALERT ā¼ļøā¼ļøā¼ļøā¼ļøā¼ļøā¼ļøā¼ļøā¼ļøā¼ļøā¼ļøā¼ļøā¼ļøā¼ļøā¼ļøā¼ļøšØā ļø Unfortunately, the cryptocurrency world has seen its share of scams, with scammers constantly finding new ways to deceive investors. Here is a summary of some of the biggest scams to watch out for:
1. FTX ā Collapsed in November 2022 due to mishandling billions in customer funds. Founder Sam Bankman-Fried was sentenced to 25 years for fraud.
2. Luna and TerraUSD: Suffered a $60 billion loss in May 2022, leading to the arrest of founder Do Kwon in March 2023.
3. QuadrigaCX: The death of founder Gerald Cotten in 2018 left $215 million inaccessible, which was later revealed to be a Ponzi scheme.
4. Africrypt: Scammed investors out of 70,000 BTC in 2021. Founders Ameer and Raees Cajee are under investigation for money laundering.
5. SafeMoon: Executives withdrew more than $200 million for personal use in 2021, leading to SEC fraud charges.
6. Pro-deum: It disappeared in 2018 and investors lost all their funds, marking it as an exit scam. 7. Pincoin and iFan: Modern Tech ICOs raised $660 million in 2018 through a Ponzi scheme. The team disappeared after collecting the funds. 8. Celsius Network ā Suspended withdrawals in 2022 and filed for bankruptcy owing $4.7 billion, and is now working to return assets to customers.
9. Centra Tech: Raised $25 million in 2017 on fraudulent promises, resulting in prison sentences for the founders.
10. Mining Max: Defrauded investors of $250 million in 2017, with only a fraction spent on mining, affecting 18,000 investors.
Be cautious and invest wisely to mitigate the risk of falling victim to scams in the cryptocurrency market.
š¢ Attention Billionaire investor Mark Cuban has been the victim of a hack in his Gmail account, months after losing more than $800,000 from his cryptocurrency wallet. š± The incident occurred when an imposter posed as an official Google employee, tricking Cuban into revealing personal information and account credentials.
This development comes nine months after Cuban's hot wallet was drained of approximately $870,000, possibly by hackers who had been waiting for him to log into MetaMask for the first time in months. Despite these setbacks, Cuban remains a vocal proponent of cryptocurrencies, pushing for more favorable regulation in the United States.
Do you think security in the crypto world needs to improve? Share your thoughts in the comments! š
šø So, you want to know the truth about those VC coins, huh? š¤ . . . ... A group of Chinese influencers complained saying that they are useless and that projects like ARB only have 50 real users... š
But I dug up some data and guess what? š¤Æ Weekly trading volume on Arbitrum's on-chain DEX reached 4 BILLION US DOLLARS šø with a 33.85% increase in 7 days š How is that possible if it's just a "useless" chain with a handful of users? š¤·āāļø
š Look at these numbers: DeFiLlama has the data and shows: š Ethereum's on-chain DEX had the highest transaction volume at 10.468 billion US dollars in the last 7 days, but with a decrease of 19.01% š¬ š” Then there is the Solana on-chain DEX, with a transaction volume of 9.716 billion US dollars in the last 7 days, but it fell by 31.85% š
šŖ Arbitrum's on-chain DEX, on the other hand, saw a massive 33.85% surge to $4.084 billion in the last 7 days š
š BSC's on-chain DEX had a transaction volume of 3.696 billion US dollars in the last 7 days, but fell by 21.31% š
š„ And lastly, Base's on-chain DEX recorded a transaction volume of 2.579 billion US dollars in the last 7 days, with a sharp drop of 41.67% š¬ What do you think, family? š Are those big-name Chinese influencers misleading people or is there really something to these numbers? š¤
ALTCOINS, I know that I mention this in almost all my posts, but it doesn't hurt to say that I NEVER imagined that after so many days after #BTCHALVING, we would still have ALTS with really low prices, and lo and behold, we didn't. Some Altcoins have something special, on the contrary... a large majority have really good prices and there is no reason for people to wait for something lower.
I know many have the idea that we can fall even lower, but this is a mistake that will be costly for these people, any fall from this point is a new opportunity to BUY MORE, and if you are not doing it, then they are completely crazy
Today I looked at almost 20 projects that I've been following for some time, and ALMOST all of them have great prices, including prices ALMOST at the time I bought them in 2023, what do I mean by that? That many people today have a very similar opportunity to the one we had in OCTOBER 2023, and those who could not or did not want to buy at that time, can do so now and it will be at excellent prices.
This gray band on the chart is where I expect we will see a jump, and this will mean that some Altcoins will not be able to test similar prices to 2023, but they are still very low and as I mentioned, there are several good projects. which are at October 2023 prices, do a little research, they are great projects that have incredible opportunities.
So there is a chance it could drop to the lower green range (although I don't think so), however even if it did that then we would have another -20% from here, so what? We may fall -20% but look up and you will see that we have a tremendous rise with exorbitant profits and are you afraid that we will fall -20%? Look at the profits above, stop being crazy!
These prices will not be maintained for many months, either you start buying here, or you will be left out, or you will have to buy even more expensive, after all...
šBreaking news! Martin Shkreli, known as "Pharma Bro", claims that Barron Trump, son of Donald Trump, launched the TrumpCoin token (DJT) with his father's approval and holds the private keys to its smart contract. Shkreli, who spent more than six years in prison for securities fraud, alleges that Barron Trump asked him to help launch the Solana-based token in April, now valued at $146 million. What do you think of this news? Comment below! š#CriptoNoticias#Blockchain #DJTToken
š¢Attention crypto-investors! The XRP token could be set for a price surge. š According to market analysis, there is growing interest in XRP, which could indicate more trading activity. However, be careful! This interest could also translate into greater price volatility. š® XRP has been in a downtrend since the beginning of the year, but expectations of a rally could be related to developments in Ripple's case against the SEC.
Furthermore, XRP fractals hint at a possible rally, provided the price chart repeats the patterns that emerged in February 2024. But, remember: negative news related to the SEC vs Ripple trial could affect the market, sending the price of XRP below its current support.
Do you think XRP is on its way to a price rally? Leave us your comments! š¬ #Xrpš„š„ $XRP
š£ Attention cryptocurrency enthusiasts! The Artificial Super Intelligence Alliance (ASI), formed by decentralized platforms SingularityNET, Fetch.ai, and Ocean Protocol, has rescheduled its token merger for July 15. Despite the delay, Ben Goertzel, founder and CEO of SingularityNET and ASI, suggests we could see "superhuman superintelligence in just a few years." The delay is attributed to the need for more technical and logistical preparations. What do you think of this development? Leave your comments below!
š At the Proof of Talk 2024 conference, blockchain industry leaders advocated for a focus on practical applications that improve the user experience and deliver long-term value. Arron Goolsbey of Mythical Games and Mickey Maher of Project Liberty Labs highlighted the potential of Web3 technology to transform industries such as video games and social media. Goolsbey expressed optimism about the future of Web3, while Maher pointed out the underutilization of blockchain technology. Do you think Web3 will change the way we interact with video games and social networks? Share your thoughts in the comments! š®š¬
Expert Opinion: These 4 Altcoins Could Earn 10-100X on Binance Listing!
You may be aware of the āMoon Effectā from Binance listings. Rocket Pool surged 433 percent after listing on Binance.
PEPE percentage after listing on Binance. Increase. In short, listing on Binance is a major event that gives the token price a bigger boost than bull markets. Once again, the exchange plans to list some small-mid cap altcoins.
Crypto expert Lawrence Mike Woriji from the Altcoinbuzz team shares 4 altcoins with this potential.
Main candidate: Centrifuge (CFG)
If Binance is going to list a token, the project must have real foundations. And Centrifuge has it. This is an altcoin project that integrates real-world assets into DeFi. They offer chain management for debt lines and capital structures. Centrifuge is one of the first protocols to incorporate real-world assets onto the Blockchain. Commercial invoices, real estate loans, etc.
It allows users to use cryptocurrencies to fund real-world assets such as Altcoin in second place:
Protocol Three (THREE)
Next is Protocol Three. If you've been keeping up with things, you'll know that it's all about AI during this bull run. And Three Protocol is one of those projects for all the right reasons. They are building a world where anyone can sell online, without restrictions like having a bank account. They have these decentralized marketplaces where they leverage artificial intelligence and smart contracts that we've never seen before.
We add Polytrade Finance (TRADE) to the list One of the altcoins we follow closely is Polytrade. Because it is in the Real World Assets (RWA) sector. And it is causing serious stir. Polytrade is a marketplace focused on diversification.
They have about 20 different asset categories. This includes real estate and stocks. $BNB
š¢ Attention crypto-enthusiasts! A Bitcoin whale just moved 8,000 BTC (valued at $536.5 million) from a Coinbase cold wallet, after 5 and a half years of inactivity. This move could suggest a possible sell, especially if they are headed to an exchange deposit address. Despite the recent drop in Bitcoin price, the Fear and Greed Index remains in the āGreedā zone with a score of 74/100. Do you think this whale is about to sell? Share your thoughts in the comments! š¬š#Bitcoin#CriptoNoticias $BTC
š£ Good news for Block Earner! The Federal Court of Australia has exempted the fintech firm from paying a fine, despite having offered a crypto yield product without a financial services license. The court ruled that Block Earner "acted honestly" and considered obtaining a license at the time of the launch of its "Earner" product. Although the company still suffered damage to its reputation and lost money in legal fees, it will not have to pay the $234,000 fine it was asked to pay. š What do you think of this decision? Comment below!#CryptoNews#BlockEarner
š Bitcoin (BTC) recovers and analysts expect it to exceed $70,000. Peter Brandt predicts that the top of the cycle could be between $130,000 and $150,000. Ether (ETH) could also surprise on the upside. Will Bitcoin and other cryptocurrencies be able to overcome their respective resistance levels? Comment your opinion! š
Additionally, the S&P 500 index is showing a solid rebound, indicating that traders view dips as a buying opportunity. However, the US Dollar Index (DXY) is showing a downward trend.
As for other cryptocurrencies, BNB is showing strong upside while Solana (SOL) and XRP are struggling to break through their resistance levels. Dogecoin (DOGE) shows fierce defense of its support level.
What do you think of these trends? Share your thoughts in the comments!$BNB $ETH $BTC
ššš Urgent Urgent Urgent Update 1ļøā£ Analysis of the trio NOT, PEPE and ADA. Let's start with NO first. As we know, NO reached the second strongest zone, 0.029600, and then fell to the 0.020000 zone. However, the NOT coin is still negative as it is under the resistance of 0.023000. It is very important for promotion. There is also a need to pull back and the RSI 4H indicator is trying to go up. The 58.00 area to the 60.00 area is a breakout possibility, but it is not certain due to the presence of news during these days, so the market remains negative with the market going up, and any close of 4 hours above the 0.024750 area is positive. .
2ļøā£ PEPE has returned to its normal place, but we should see a positive close above the 0.00001600 zone. With this, we now need any 4H closes above the 0.00001518 area. The next target is 0.00001584, then the last target is to break through the 0.00001700 zone.
3ļøā£ ADA is negative for 4H and negative for 1D, so we need any breakout of 0.4600 area, and above any breakout of 0.4750 area, it is positive in daily frame and in RSI indicator it is negative, but it is possible . that we will see a strong rise in the coming days in case of a positive close. As for the 1D RSI indicator, it is also bearish and is at 1W. Negative, so the coin needs some time to return
News flash! š¢ E*Trade, the online brokerage platform, is considering removing Keith Gill, known as "Roaring Kitty," over concerns of possible GameStop (GME) stock manipulation. Gill, an influential trader in the 2021 meme stock craze, has been buying large volumes of GME options on E*Trade, leading to a surge in the stock price. However, a final decision has not yet been made. Do you think Gill is manipulating the market or is he just a shrewd investor? Share your thoughts in the comments!#GME#polkadot
šCryptocurrency exchange giant Coinbase donated $25 million to crypto-focused political action committee Fairshake as it ramps up its lobbying ahead of the November US election. Coinbase CEO Brian Armstrong emphasized the need to support pro-crypto candidates and eliminate anti-crypto ones. With $160 million in funding, Fairshake is one of the richest super PACs in the country. Do you think support for pro-crypto candidates can influence election results? Comment below! š¬