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Professor Mende - Founder of BONUZ Project - in Dubai UAE
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Looking for a PYTHON Developer with good experience! Who can help and join us?
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Professor Mende - Founder of BONUZ Project - in Dubai UAE
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🚀 WEB3 USERS HIT 10 MILLION ATH IN Q2!!! 🚀 🌟 The second quarter of 2024 marked a significant milestone for Web3 as the number of unique daily active wallets (dUAW) reached an all-time high of 10 million, according to a July 4 report from DappRadar. This represents a 40% increase from Q1, setting a new record in the Web3 landscape. 📈 Growth Across All Sectors 📈 🔥 Each sector within the decentralized application (DApp) industry saw notable growth, contributing to an overall bullish trend. The social sector led the charge with a staggering 66% increase in dUAW, propelled by popular apps like Fantasy.top and UXLINK. 🎮 The blockchain gaming sector also experienced an uptick in users, although its overall market share saw a slight decline compared to other sectors. 🎨 NFT marketplaces reached their highest usage since Q1 2023, amassing $4 billion in trading volume with over 14.9 million individual NFT trades. Magic Eden saw its market share rise from 17% to 22%, while Blur’s dominance dropped to 31%. 💹 DeFi and Trading Platforms Surge 💹 🔄 Decentralized exchanges like Uniswap and Raydium saw significant growth in user activity, with Uniswap’s users increasing by 80% and Raydium’s by 134%, driven by a surge in memecoin trading. 💰 Despite the increase in user activity, the total value locked (TVL) in decentralized finance (DeFi) applications fell by $7 billion, a 4% decline from the previous quarter. Tron and Arbitrum were notably impacted, losing 17% and 9% of their TVL, respectively. 🔍 Notable Exceptions and Highlights 🔍 📈 Ethereum layer-2 solutions Linea and Base were the outliers, with Linea’s TVL soaring by 420% and Base’s by 44%. What are your favorite Web3 apps? I hope Bonuz soon! Let me know in the comments! Follow @Professor Mende - Founder of BONUZ Project - in Dubai UAE for more! #web3 #cryptonews #web3news #memecoins #airdrop $PEPE  $SHIB  $FLOKI
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🚨 BITCOIN MINERS GIVING UP AS PROFITS DRY UP AMID SELLOFF 🚨 💡 CryptoQuant analysts reveal Bitcoin miners are approaching "capitulation" as profit margins tighten post-halving and BTC hovers close to $50,000. This state mirrors the market bottom post-FTX crash in late 2022, potentially signaling a market bottom for BTC. 💡 📉 Signs of Capitulation 📉 🔍 Miner capitulation happens when miners scale back operations or sell their mined Bitcoin to stay afloat or hedge their exposure. Over the past month, Bitcoin's price has dropped 13% from $68,791 to $59,603, intensifying signs of miner distress. 📉 One critical indicator is the significant drop in Bitcoin's hashrate, which has fallen 7.7% to a four-month low of 576 EH/s after hitting a record high on April 27. This drop mirrors a similar hashrate decline in late 2022, when Bitcoin’s price bottomed at $15,500 before surging over 300% in the following 15 months. 🔗 "Bitcoin miner capitulation mirrors December 2022 levels with a 7.7% hashrate drop, similar to post-FTX collapse conditions. Such declines often signal potential market bottoms." - CryptoQuant 🔍 Hashrate Analysis 📊 📉 Bitcoin’s hashrate decline indicates reduced computational power securing the network, a sign of miners shutting down rigs due to unprofitability. This pattern of miner capitulation suggests a potential market bottom, akin to previous cycles. 📉 Miner Profit/Loss Sustainability 📊 💸 Since the halving, miners have faced extreme underpayment, as seen in the miner profit/loss sustainability indicator. Daily revenues have plummeted 63% from $79M on March 6 to $29M, with transaction fees now only contributing 3.2% of total daily revenues—the lowest share since April 8. Are we headed towards another "Crypto recession"? Yes/No? Let me know in the comments! #mining #bitcoinmining #bullorbear #bearrun #btc $BTC btc $ETH $SHIB
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📉 FEAR & GREED INDEX LOWEST SINCE BITCOIN TRADED AT $17K IN EARLY 2023 😱 🔔 The Crypto Fear & Greed Index, a trusted sentiment metric, has plunged to extreme fear levels, reminiscent of Bitcoin’s low of $17K in early 2023. Earlier this March, the index hit extreme greed levels near the crypto market’s local top, but now, it’s spiraling in the opposite direction. 📉 The Fear & Greed Index, a contrarian indicator for buying and selling, signals potential further downside for Bitcoin's price, analysts caution. The drop is attributed to seized BTC sales by the German and U.S. governments and sell pressure from Mt. Gox user refunds, as noted by SynFutures' Rachel Lin. 📉 Crypto investor sentiment has plummeted to its lowest levels since the end of the 2022 crypto winter, with Bitcoin's (BTC) recent plunge below $54,000 dragging down the digital asset markets. The Crypto Fear & Greed Index, created by Alternative.me, illustrates market enthusiasm towards Bitcoin and other major cryptocurrencies, with 0 representing extreme fear and 100 indicating extreme greed. On Friday, the index dropped to 29, its deepest dive into the fear zone since January 2023, when Bitcoin traded around $17,000 after 2022's brutal bear market. 🔎 The gauge issued a contrarian sell signal last March when it reached the 90 level, near what turned out to be the 2024 top of the broader crypto market and Bitcoin's all-time high of about $73,500. Since then, BTC and ETH have dropped 25%-30%, while major altcoins have plunged around 50%, with smaller tokens faring even worse. Never miss an update with @Professor Mende - Founder of BONUZ Project - in Dubai UAE ! #bullorbear #bullrun #bearrun #Bitcoincrashcandle #cryptonews $BTC  $ETH  $BNB
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🚀 TEA MEMECOIN BREWS 38,888 SOL - THE NEXT BIG THING? 🌍 🍵 TEA, a meme coin dedicated to uniting tea lovers globally on the blockchain, has shattered records with $3.4 million raised in just 10 minutes and a total of 38,888 SOL during its presale. This remarkable success highlights the community's interest in grocery-themed coins, marking a new era in the meme coin landscape. 🌟 Built on the Solana blockchain, TEA aims to connect tea enthusiasts worldwide. Millions enjoy tea daily, and many are Web3 fans, making TEA’s concept resonate strongly within the community. The project amassed 3 million social media followers in mere days, a testament to its widespread appeal and unique mission. ✨ UNIQUE BLEND OF FEATURES 💡 💰 Staking & Farming: TEA holders can grow their assets and earn rewards, with increased returns for longer staking periods. 🔥 Burning Mechanism: To boost scarcity and support monthly charitable raffles, TEA will burn parts of its token supply, promoting long-term price stability. 🎮 Tap-Tea Game: A community-driven game offering offline rewards. 🌿 Beyond DeFi mechanics: TEA promotes global sustainability and education through various real-world activities. From promoting sustainable tea farming to offering exclusive TEA varieties and Bali tea trips. 🍵 TEA is an innovative meme token on Solana, combining advanced DeFi mechanics with global sustainability initiatives for tea enthusiasts. With an unprecedented resonance in the crypto world, TEA drew a 3M community in days and raised $3.5M in minutes during its presale. What do you think about TEA? Is it worth it, or not your cup of tea? Disclaimer: The content shared is for informational purposes only and should not be taken as financial advice. Please conduct your own research before making any investment decisions. Can be Moon, and also not. Lets Follow @Professor Mende - Founder of BONUZ Project - in Dubai UAE for more content! #teacoin #tea #memecoin #memecoins #pepe $SHIB $PEPE $FLOKI
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🚨 99% OF $8,200,000,000 IN BTC LIKELY TO BE DUMPED BY MT. GOX CREDITORS 🚨 Will this crash the Bitcoin price even further? 📉 The impending Mt. Gox Bitcoin repayments are poised to unleash significant selling pressure on the market. According to finance analyst Jacob King, nearly all of the $8.2 billion in Bitcoin set to be returned to creditors may be sold off, potentially driving Bitcoin prices down further. 🔍 Onchain data suggests that Mt. Gox’s former creditors have already begun selling their Bitcoin. King highlighted this in a July 4 X post, stating, “No Bitcoiner will say this out loud, but the majority of the $8.2 Billion in $BTC that is set to be distributed back to ex-clients are going to be sold off.” 💥 This bearish outlook arrived just as Mt. Gox initiated its repayment process on July 5, distributing both Bitcoin and Bitcoin Cash to its creditors. 📊 The potential market impact is substantial, with Bitcoin already struggling to maintain momentum. The cryptocurrency faces an 18% quarterly loss per CoinMarketCap. 🔥 King warned that the additional selling pressure from the Mt. Gox repayments could drive Bitcoin back into bear market territory, stating, “Based on the current low demand volume, this will easily send BTC back into a harsh bear market.” 💡 More than $9.4 billion worth of Bitcoin is owed to approximately 127,000 creditors, many of whom are expected to sell their holdings immediately, given Bitcoin's 8,500% price increase over the past decade. King speculates, “I’d say 99% of those on Mt. Gox are going to sell their coins the moment they get it. Imagine billions worth of Bitcoin all being dumped gradually over the next several weeks. There is no way to spin this to be bullish.” Stay updated with @Professor Mende - Founder of BONUZ Project - in Dubai UAE ! #mtgox #bearmarket #bitcoinnews #marketanalysis $ETH  $BNB
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