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This Decentralized Exchange Aggregator Now Welcomes Shiba Inu.
#Shibainu #crypto2023 #cryptocurrency
PondX, the decentralized exchange aggregator, has added the Shiba Inu token to its roster in a move driven by community consensus. The decision-making process was carried out via a poll hosted on X (formerly known as Twitter), where PondX empowered its user base to determine the next token listing.
The poll presented several options, including ChainLink, Rollbit, Shiba Inu, and Mog. Shiba Inu emerged as the clear frontrunner, securing a commanding 46% of the votes, while Chainlink trailed in second place with 30% of the vote.
PondX serves as a liquidity aggregator, seamlessly pooling liquidity from decentralized exchanges, bridges, and various blockchain networks. Users are incentivized with a share of fees generated from swaps, with rewards calculated based on factors like trading frequency, volume, and the specific tokens involved.
Meanwhile, Shiba Inu's lead developer, Shytoshi Kusama, made an important announcement regarding the ShibaSwap launch. The launch on Shibarium, the network's Layer-2 scaling solution, would be postponed to provide ample space for other projects on the network to mature. This strategic delay is aimed at ensuring network stability and security, demonstrating the team's commitment to responsible and well-managed growth.
Against this backdrop, the Shibarium network itself has been experiencing remarkable growth, with a recorded user base of over a million wallets.
With PondX now supporting the Shiba Inu token, both platforms are poised to benefit significantly from increased liquidity and a wider user engagement. This collaborative move reflects the synergy between DeFi ecosystems and meme-based cryptocurrencies, paving the way for further innovation in the crypto space.
#Shibainu #crypto2023 #cryptocurrency
PondX, the decentralized exchange aggregator, has added the Shiba Inu token to its roster in a move driven by community consensus. The decision-making process was carried out via a poll hosted on X (formerly known as Twitter), where PondX empowered its user base to determine the next token listing.
The poll presented several options, including ChainLink, Rollbit, Shiba Inu, and Mog. Shiba Inu emerged as the clear frontrunner, securing a commanding 46% of the votes, while Chainlink trailed in second place with 30% of the vote.
PondX serves as a liquidity aggregator, seamlessly pooling liquidity from decentralized exchanges, bridges, and various blockchain networks. Users are incentivized with a share of fees generated from swaps, with rewards calculated based on factors like trading frequency, volume, and the specific tokens involved.
Meanwhile, Shiba Inu's lead developer, Shytoshi Kusama, made an important announcement regarding the ShibaSwap launch. The launch on Shibarium, the network's Layer-2 scaling solution, would be postponed to provide ample space for other projects on the network to mature. This strategic delay is aimed at ensuring network stability and security, demonstrating the team's commitment to responsible and well-managed growth.
Against this backdrop, the Shibarium network itself has been experiencing remarkable growth, with a recorded user base of over a million wallets.
With PondX now supporting the Shiba Inu token, both platforms are poised to benefit significantly from increased liquidity and a wider user engagement. This collaborative move reflects the synergy between DeFi ecosystems and meme-based cryptocurrencies, paving the way for further innovation in the crypto space.
Crypto VC Investment Declines, Yet DeFi Projects Emerge as Hotspots
The prolonged crypto winter has slowed down venture capital interest and investments in the sector. Nevertheless, certain projects continue to attract attention from VC firms and institutions.
Crypto VC Funding Dwindles in 2023
Evan Van Ness, a prominent Ethereum advocate, remarked on September 1 that there's been a noticeable decline in crypto venture capital (VC) activity. He emphasized that this decline isn't attributable to a lack of demand.
In August, crypto funding recorded a notable decline, plummeting to a mere $283 million, marking a stark contrast to the same period in 2022 when a whopping $1.15 billion flowed into the market. This substantial 75% drop is emblematic of the crypto market's shifting dynamics.
A year ago, during the zenith of the bull market in November 2021, investors fervently injected over $7 billion into the crypto sphere within the span of a single month. However, the tides have now shifted dramatically.
One prevailing sentiment among crypto experts, including the notable crypto researcher 'Emperor Osmo,' is that the bear market has effectively quashed the exuberant valuations that once prevailed. In this climate, investment allocations are being made with utmost caution and precision. This newfound prudence is exemplified by the selective attention currently directed towards a few key projects.
Pendle Finance, for instance, stands out as a project of considerable interest. It operates in the realm of tokenized yield and real-world assets (RWA), boasting significant backing from Binance. Impressively, this platform has witnessed an astounding 850% surge in total value locked since the start of the year.
Another noteworthy player is Maple Finance, functioning as a tokenized real-world asset marketplace catering to institutional investors. In a recent development, Maple Finance successfully raised $5 million in August, earmarked to fuel its expansion into the APAC and LATAM regions.
#crypto2023 #cryptocurrency #defi
The prolonged crypto winter has slowed down venture capital interest and investments in the sector. Nevertheless, certain projects continue to attract attention from VC firms and institutions.
Crypto VC Funding Dwindles in 2023
Evan Van Ness, a prominent Ethereum advocate, remarked on September 1 that there's been a noticeable decline in crypto venture capital (VC) activity. He emphasized that this decline isn't attributable to a lack of demand.
In August, crypto funding recorded a notable decline, plummeting to a mere $283 million, marking a stark contrast to the same period in 2022 when a whopping $1.15 billion flowed into the market. This substantial 75% drop is emblematic of the crypto market's shifting dynamics.
A year ago, during the zenith of the bull market in November 2021, investors fervently injected over $7 billion into the crypto sphere within the span of a single month. However, the tides have now shifted dramatically.
One prevailing sentiment among crypto experts, including the notable crypto researcher 'Emperor Osmo,' is that the bear market has effectively quashed the exuberant valuations that once prevailed. In this climate, investment allocations are being made with utmost caution and precision. This newfound prudence is exemplified by the selective attention currently directed towards a few key projects.
Pendle Finance, for instance, stands out as a project of considerable interest. It operates in the realm of tokenized yield and real-world assets (RWA), boasting significant backing from Binance. Impressively, this platform has witnessed an astounding 850% surge in total value locked since the start of the year.
Another noteworthy player is Maple Finance, functioning as a tokenized real-world asset marketplace catering to institutional investors. In a recent development, Maple Finance successfully raised $5 million in August, earmarked to fuel its expansion into the APAC and LATAM regions.
#crypto2023 #cryptocurrency #defi
Arbitrum's Forward-Thinking Incentive Strategy: Igniting Growth and Innovation.
#Arbitrum
Recently, a proposal was submitted on the Arbitrum community forum with the goal of efficiently allocating 75 million ARB rewards from the DAO treasury to address short-term community needs and support the protocol.
This forward-thinking program is designed to undergo a streamlined two-round voting process, comprising a financial proposal and an application process.
In the financial proposal, 75 million ARBs will be allocated to designated multi-signature addresses as outlined in the plan. An additional 37,000 ARBs will be directed towards bolstering the operating budget for community and project promotion.
The program's primary objectives are centered around catalyzing the growth of the network and its ecosystem. To achieve this, it plans to rapidly incentivize Arbitrum dApps, thereby fostering the network's expansion.
Furthermore, the initiative is committed to exploring innovative incentive grants. It aims to discover novel strategies that not only enhance user engagement but also drive up transaction volumes and bolster liquidity within the Arbitrum ecosystem.
An equally vital aspect of this endeavor is the quest for groundbreaking grant and developer support mechanisms. These mechanisms are intended to amplify activity on the Arbitrum network and spur innovation within the community.
The program will also play an active role in generating incentive data. This data will provide valuable insights into the effectiveness of grant distribution. These insights, in turn, will shape the design of future incentive programs, ensuring their continued success and relevance.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
#Arbitrum
Recently, a proposal was submitted on the Arbitrum community forum with the goal of efficiently allocating 75 million ARB rewards from the DAO treasury to address short-term community needs and support the protocol.
This forward-thinking program is designed to undergo a streamlined two-round voting process, comprising a financial proposal and an application process.
In the financial proposal, 75 million ARBs will be allocated to designated multi-signature addresses as outlined in the plan. An additional 37,000 ARBs will be directed towards bolstering the operating budget for community and project promotion.
The program's primary objectives are centered around catalyzing the growth of the network and its ecosystem. To achieve this, it plans to rapidly incentivize Arbitrum dApps, thereby fostering the network's expansion.
Furthermore, the initiative is committed to exploring innovative incentive grants. It aims to discover novel strategies that not only enhance user engagement but also drive up transaction volumes and bolster liquidity within the Arbitrum ecosystem.
An equally vital aspect of this endeavor is the quest for groundbreaking grant and developer support mechanisms. These mechanisms are intended to amplify activity on the Arbitrum network and spur innovation within the community.
The program will also play an active role in generating incentive data. This data will provide valuable insights into the effectiveness of grant distribution. These insights, in turn, will shape the design of future incentive programs, ensuring their continued success and relevance.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
New Shibarium Explorer Encounters Technical Challenges: Probable Root Cause.
#Shibainu
When attempting to access the newly launched Shibarium information website, dedicated to providing insights into transactions, blocks, and related data, users are currently encountering a blank screen accompanied by a "default backend – 404" error message situated in the top left corner of the screen.
This issue arises in the aftermath of a significant surge in utility witnessed by shibariumscan.io, as reported by U.Today last Friday. The platform experienced an influx of activity that pushed the total transaction count to an impressive 700,000, while the number of blocks surpassed 409,000.
Moreover, the count of user wallets actively connected to the platform reached an impressive 692,860. These notable milestones were reached following a restart of Shibarium on the preceding Monday, thanks to the collaborative efforts of multiple teams, including SHIB, Polygon, Unification, and others. Subsequently, the transaction count has been consistently increasing by hundreds of thousands each day, accompanied by a corresponding uptick in linked wallets.
#Shibainu
When attempting to access the newly launched Shibarium information website, dedicated to providing insights into transactions, blocks, and related data, users are currently encountering a blank screen accompanied by a "default backend – 404" error message situated in the top left corner of the screen.
This issue arises in the aftermath of a significant surge in utility witnessed by shibariumscan.io, as reported by U.Today last Friday. The platform experienced an influx of activity that pushed the total transaction count to an impressive 700,000, while the number of blocks surpassed 409,000.
Moreover, the count of user wallets actively connected to the platform reached an impressive 692,860. These notable milestones were reached following a restart of Shibarium on the preceding Monday, thanks to the collaborative efforts of multiple teams, including SHIB, Polygon, Unification, and others. Subsequently, the transaction count has been consistently increasing by hundreds of thousands each day, accompanied by a corresponding uptick in linked wallets.
Unveiling Shiba Inu Founder's Identity Through On-Chain Sleuthing: Surprising Affiliations Exposed?
#Shibainu
The enigmatic figure responsible for the Shiba Inu meme coin, which burst onto the crypto scene in 2020, has remained shrouded in mystery for years. Numerous attempts to unmask this elusive creator, ranging from speculations about FTX's Sam Bankman-Fried to Ethereum's Vitalik Buterin, have yielded no definitive answers. Nevertheless, the relentless pursuit of truth in the cryptoverse has given rise to a fresh theory concerning the originator of Shiba Inu.
Has the Veil Been Lifted on the Shiba Inu Founder?
A user, going by the handle @boringsleuth, made waves on August 1 with a thought-provoking theory regarding the identity of the Shiba Inu founder. In an intricate thread, this digital detective proposed an intriguing notion – that there may not be one, but two creators behind the Shiba Inu coin.
The names put forth were Ryo Suzuki and Tsuyoshi Maruyama, believed by the researcher to have been amalgamated to form the well-known "Ryoshi" moniker. Interestingly, both of these individuals were identified as advisors for B2C2, a prominent liquidity provider in the crypto space. This is where the pieces of the puzzle began to align with Shiba Inu.
According to Boring Sleuth, the wallet of this liquidity provider once held a substantial 25% of the total SHIB supply. What's more, they established a crucial link between the alleged founders by highlighting that Tsuyoshi Maruyama swiftly assumed the role of advisor for B2C2 when Ryo Suzuki stepped down from the position in 2021.
A subsequent post by the diligent researcher delves deeper into Suzuki's history, connecting him to an internship at Microsoft around the time SHIB was launched. Additionally, it was uncovered that he had visited the renowned MIT Media Lab in 2019, further fueling the intrigue surrounding the Shiba Inu saga.
#Shibainu
The enigmatic figure responsible for the Shiba Inu meme coin, which burst onto the crypto scene in 2020, has remained shrouded in mystery for years. Numerous attempts to unmask this elusive creator, ranging from speculations about FTX's Sam Bankman-Fried to Ethereum's Vitalik Buterin, have yielded no definitive answers. Nevertheless, the relentless pursuit of truth in the cryptoverse has given rise to a fresh theory concerning the originator of Shiba Inu.
Has the Veil Been Lifted on the Shiba Inu Founder?
A user, going by the handle @boringsleuth, made waves on August 1 with a thought-provoking theory regarding the identity of the Shiba Inu founder. In an intricate thread, this digital detective proposed an intriguing notion – that there may not be one, but two creators behind the Shiba Inu coin.
The names put forth were Ryo Suzuki and Tsuyoshi Maruyama, believed by the researcher to have been amalgamated to form the well-known "Ryoshi" moniker. Interestingly, both of these individuals were identified as advisors for B2C2, a prominent liquidity provider in the crypto space. This is where the pieces of the puzzle began to align with Shiba Inu.
According to Boring Sleuth, the wallet of this liquidity provider once held a substantial 25% of the total SHIB supply. What's more, they established a crucial link between the alleged founders by highlighting that Tsuyoshi Maruyama swiftly assumed the role of advisor for B2C2 when Ryo Suzuki stepped down from the position in 2021.
A subsequent post by the diligent researcher delves deeper into Suzuki's history, connecting him to an internship at Microsoft around the time SHIB was launched. Additionally, it was uncovered that he had visited the renowned MIT Media Lab in 2019, further fueling the intrigue surrounding the Shiba Inu saga.
Ethereum staking services unanimously set a cap of 22% for all validators.
#ETH
Several Ethereum liquid staking providers have taken steps to enforce a self-imposed limitation on their ownership within the Ethereum staking market, capping their holdings at a maximum of 22%. This proactive measure has been adopted to safeguard the decentralized nature of the Ethereum network, ensuring that it remains resilient against centralization.
Notably, this commitment to the self-limit rule has been embraced by various Ethereum staking providers, either already in practice or in the process of formalizing their commitment. Prominent among these providers are Rocket Pool, StakeWise, Stader Labs, Diva Staking, and Puffer Finance, the latter of which recently declared its dedication to adhering to this self-limitation.
The primary objective of this proposal is to address mounting concerns surrounding the potential centralization of Ethereum staking. By establishing a maximum ownership threshold of 22%, the Ethereum community aims to mitigate the risk of excessive consolidation of power within the network.
The rationale behind selecting 22% as the cap is rooted in the network's consensus mechanism. For Ethereum, finality is achieved when 66% of validators concur on the state of the blockchain. By setting the self-limit below 22%, the requirement for at least four major entities to collude in order to influence the chain's finalization is introduced. This layer of security helps ensure that transactions within a block are effectively immutable once they reach the finality stage, preserving the integrity of the network.
The genesis of this concept can be traced back to May 2022 when Ethereum core developer Superphiz raised a fundamental question: Would a staking pool prioritize the health and decentralization of the Ethereum chain over its own profit motives?
It's worth noting that Lido Finance, the largest Ethereum liquid staking provider, took a different stance by voting overwhelmingly, with a 99.81% majority, against self-imposing this limit back in June.
#ETH
Several Ethereum liquid staking providers have taken steps to enforce a self-imposed limitation on their ownership within the Ethereum staking market, capping their holdings at a maximum of 22%. This proactive measure has been adopted to safeguard the decentralized nature of the Ethereum network, ensuring that it remains resilient against centralization.
Notably, this commitment to the self-limit rule has been embraced by various Ethereum staking providers, either already in practice or in the process of formalizing their commitment. Prominent among these providers are Rocket Pool, StakeWise, Stader Labs, Diva Staking, and Puffer Finance, the latter of which recently declared its dedication to adhering to this self-limitation.
The primary objective of this proposal is to address mounting concerns surrounding the potential centralization of Ethereum staking. By establishing a maximum ownership threshold of 22%, the Ethereum community aims to mitigate the risk of excessive consolidation of power within the network.
The rationale behind selecting 22% as the cap is rooted in the network's consensus mechanism. For Ethereum, finality is achieved when 66% of validators concur on the state of the blockchain. By setting the self-limit below 22%, the requirement for at least four major entities to collude in order to influence the chain's finalization is introduced. This layer of security helps ensure that transactions within a block are effectively immutable once they reach the finality stage, preserving the integrity of the network.
The genesis of this concept can be traced back to May 2022 when Ethereum core developer Superphiz raised a fundamental question: Would a staking pool prioritize the health and decentralization of the Ethereum chain over its own profit motives?
It's worth noting that Lido Finance, the largest Ethereum liquid staking provider, took a different stance by voting overwhelmingly, with a 99.81% majority, against self-imposing this limit back in June.
BTC Price Plummets by Over 4.5% as Enthusiasm Fizzles Out for Spot Bitcoin ETF
#BTC #bitcoin
Bitcoin (BTC) has tumbled over 4% within the past 24 hours, erasing all gains achieved following Grayscale's recent win against the US SEC. Currently, Bitcoin is valued at $26,035, boasting a market capitalization of $507 billion.
The prevailing bearish sentiment persists, mainly attributable to the US SEC's decision to postpone its ruling on seven spot Bitcoin ETF applications submitted by industry giants like BlackRock, Fidelity, and Invesco. BTC's inability to breach the critical 200-day moving average at $27,500 is further exacerbating the situation.
In terms of potential downward movement, Bitcoin is on the cusp of revisiting the $25,000 support level in the immediate future. This aligns with the suspicions of crypto analyst Ali Martinez, who previously speculated on price manipulation during Bitcoin's recent surge post-Grayscale victory. The subsequent price correction lends credibility to Martinez's theory.
Looking ahead, the cryptocurrency market is bracing for the expiration of 26,000 Bitcoin options later today, an event tracked by data from Greeks.live. The Put Call Ratio, measuring the balance between put options (betting on price decline) and call options (betting on price rise), currently stands at 0.50. The "max pain point," representing the price at which most options contracts become worthless for their holders, is pegged at $27,000. This collective notional value of options contracts amounts to a substantial $690 million.
Examining the technical aspect, Bitcoin displays persistent weaknesses. September appears poised to be a bearish month for the cryptocurrency, as suggested by the accompanying technical chart. It suggests that BTC's price may linger around $26,000 for a while before potentially succumbing to a breakdown.
#cryptocurrency #bitcoin
#BTC #bitcoin
Bitcoin (BTC) has tumbled over 4% within the past 24 hours, erasing all gains achieved following Grayscale's recent win against the US SEC. Currently, Bitcoin is valued at $26,035, boasting a market capitalization of $507 billion.
The prevailing bearish sentiment persists, mainly attributable to the US SEC's decision to postpone its ruling on seven spot Bitcoin ETF applications submitted by industry giants like BlackRock, Fidelity, and Invesco. BTC's inability to breach the critical 200-day moving average at $27,500 is further exacerbating the situation.
In terms of potential downward movement, Bitcoin is on the cusp of revisiting the $25,000 support level in the immediate future. This aligns with the suspicions of crypto analyst Ali Martinez, who previously speculated on price manipulation during Bitcoin's recent surge post-Grayscale victory. The subsequent price correction lends credibility to Martinez's theory.
Looking ahead, the cryptocurrency market is bracing for the expiration of 26,000 Bitcoin options later today, an event tracked by data from Greeks.live. The Put Call Ratio, measuring the balance between put options (betting on price decline) and call options (betting on price rise), currently stands at 0.50. The "max pain point," representing the price at which most options contracts become worthless for their holders, is pegged at $27,000. This collective notional value of options contracts amounts to a substantial $690 million.
Examining the technical aspect, Bitcoin displays persistent weaknesses. September appears poised to be a bearish month for the cryptocurrency, as suggested by the accompanying technical chart. It suggests that BTC's price may linger around $26,000 for a while before potentially succumbing to a breakdown.
#cryptocurrency #bitcoin
TRYB Token, Backed by the Lira, Secures Second Spot as the World's Largest Non-Dollar-Pegged Stablecoin.
A Turkish-lira-backed stablecoin, TRYB, has rapidly emerged as a prominent non-U.S. dollar-pegged stablecoin, securing the second spot in terms of market capitalization, closely trailing Tether's euro-pegged EURt. Within a mere three weeks, TRYB witnessed an astonishing 325% surge in its market cap, reaching $136.10 million.
In a landscape where dollar-backed tokens like Tether (USDT) and USD Coin (USDC) often take center stage, TRYB, an Ethereum-based stablecoin developed by Turkish fintech company BiLira, has managed to stand out. It is tethered to the notoriously volatile Turkish lira (TRY), with a straightforward exchange rate of 1 TRYB for 1 TRY. Notably, the stablecoin is explicitly backed by 100% fiat reserves held within Turkish banks, as confirmed on its official website.
The remarkable growth of TRYB reflects the evolving dynamics of the stablecoin market, where users and investors are looking beyond traditional dollar pegs. This newfound interest in TRYB can be attributed to the Turkish lira's tumultuous journey against the U.S. dollar, driving individuals to adopt TRYB as a reliable medium for transitioning between Turkish lira and cryptocurrencies. BiLira acknowledges this trend, describing TRYB as a conduit for Turkish lira fiat-to-crypto conversions and vice versa.
This pattern aligns with the global trend in cryptocurrency trading, where stablecoins serve as a stable asset base for traders, circumventing the turbulence of fiat currencies. Stablecoins have proven indispensable as they facilitate trading on crypto exchanges, act as collateral for crypto loans, and eliminate the inefficiencies associated with converting cryptocurrencies back into fiat. According to the U.S. Federal Reserve, more than 80% of trading volume on centralized exchanges involves stablecoins.
A Turkish-lira-backed stablecoin, TRYB, has rapidly emerged as a prominent non-U.S. dollar-pegged stablecoin, securing the second spot in terms of market capitalization, closely trailing Tether's euro-pegged EURt. Within a mere three weeks, TRYB witnessed an astonishing 325% surge in its market cap, reaching $136.10 million.
In a landscape where dollar-backed tokens like Tether (USDT) and USD Coin (USDC) often take center stage, TRYB, an Ethereum-based stablecoin developed by Turkish fintech company BiLira, has managed to stand out. It is tethered to the notoriously volatile Turkish lira (TRY), with a straightforward exchange rate of 1 TRYB for 1 TRY. Notably, the stablecoin is explicitly backed by 100% fiat reserves held within Turkish banks, as confirmed on its official website.
The remarkable growth of TRYB reflects the evolving dynamics of the stablecoin market, where users and investors are looking beyond traditional dollar pegs. This newfound interest in TRYB can be attributed to the Turkish lira's tumultuous journey against the U.S. dollar, driving individuals to adopt TRYB as a reliable medium for transitioning between Turkish lira and cryptocurrencies. BiLira acknowledges this trend, describing TRYB as a conduit for Turkish lira fiat-to-crypto conversions and vice versa.
This pattern aligns with the global trend in cryptocurrency trading, where stablecoins serve as a stable asset base for traders, circumventing the turbulence of fiat currencies. Stablecoins have proven indispensable as they facilitate trading on crypto exchanges, act as collateral for crypto loans, and eliminate the inefficiencies associated with converting cryptocurrencies back into fiat. According to the U.S. Federal Reserve, more than 80% of trading volume on centralized exchanges involves stablecoins.
Layer 2 Networks Surge in Popularity while Ethereum Continues to Dominate
#Ethereum #ETH
In the dynamic realm of blockchain networks, the pursuit of unique addresses has intensified significantly. Coingecko's latest report highlights the explosive growth of Layer 2 (L2) networks, yet Ethereum remains the giant with an enormous user base.
Arbitrum leads the pack among Layer 2 networks, boasting a staggering 11.4 million unique addresses. Following closely is optimismFND, which boasts an impressive 8 million addresses.
While Layer 2 networks have undoubtedly experienced remarkable growth, Ethereum continues to stand as the indisputable leader. As of August 20, 2023, Ethereum reigns supreme with over 241 million unique addresses, solidifying its dominance within the blockchain ecosystem.
The Ongoing Layer 2 Competition
As Layer 2 networks continue to gain momentum and tackle scalability concerns, the competition for unique addresses is poised to intensify even further. Ethereum, although setting the benchmark, faces a relentless drive for innovation in Layer 2 solutions.
These insights follow Coingecko's recent revelation of Base's Layer 2 network's rapid adoption rate. Just 11 days after its mainnet launch, Base had already amassed one million individual addresses. Pre-launch hype was substantial, with CoinGecko's research indicating that 532,000 addresses had been accumulated through unofficial bridges.
Coingecko's analysis underscores the impressive growth of Layer 2 networks, with Arbitrum emerging as a formidable contender. Nonetheless, Ethereum's monumental user base firmly establishes its position as the heavyweight champion in the blockchain arena. The future promises exciting developments as these networks relentlessly pursue greater scalability and usability.
#Ethereum #ETH
In the dynamic realm of blockchain networks, the pursuit of unique addresses has intensified significantly. Coingecko's latest report highlights the explosive growth of Layer 2 (L2) networks, yet Ethereum remains the giant with an enormous user base.
Arbitrum leads the pack among Layer 2 networks, boasting a staggering 11.4 million unique addresses. Following closely is optimismFND, which boasts an impressive 8 million addresses.
While Layer 2 networks have undoubtedly experienced remarkable growth, Ethereum continues to stand as the indisputable leader. As of August 20, 2023, Ethereum reigns supreme with over 241 million unique addresses, solidifying its dominance within the blockchain ecosystem.
The Ongoing Layer 2 Competition
As Layer 2 networks continue to gain momentum and tackle scalability concerns, the competition for unique addresses is poised to intensify even further. Ethereum, although setting the benchmark, faces a relentless drive for innovation in Layer 2 solutions.
These insights follow Coingecko's recent revelation of Base's Layer 2 network's rapid adoption rate. Just 11 days after its mainnet launch, Base had already amassed one million individual addresses. Pre-launch hype was substantial, with CoinGecko's research indicating that 532,000 addresses had been accumulated through unofficial bridges.
Coingecko's analysis underscores the impressive growth of Layer 2 networks, with Arbitrum emerging as a formidable contender. Nonetheless, Ethereum's monumental user base firmly establishes its position as the heavyweight champion in the blockchain arena. The future promises exciting developments as these networks relentlessly pursue greater scalability and usability.
AI Coins Set to Explode in September Following Fetch.ai's 10% Price Surge,
Fetch.ai's FET token has seen a resurgence in bullish momentum, witnessing a substantial 10% price surge in the past week. This robust uptick has propelled FET above its key technical thresholds, including the 20-day, 50-day, and 100-day exponential moving averages, a sign often interpreted as a precursor to further price gains.
Nevertheless, the token encountered some selling pressure after briefly attaining a multi-month high of $0.2570 earlier today. Currently, FET is in a retesting phase, hovering around the $0.23 level and closely monitoring its 100-day EMA.
Maintaining stability above this critical support zone could lay the foundation for FET to launch another upward drive in the short term.
Market Sentiment and Momentum Indicators: RSI and MACD
In gauging market sentiment and momentum, two pivotal indicators come to the fore: the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD) histogram.
FET's present RSI stands at 60.12, exhibiting a slight dip from yesterday's 63.45. This decrease implies a somewhat less overbought condition, potentially signifying a favorable development for FET and a reduction in the risk of a rapid price correction.
Furthermore, the MACD histogram has experienced a positive shift, ascending from 0.0029 to 0.0032. This uptick underscores the potential continuation of the ongoing uptrend, reinforcing the notion of a bullish outlook for Fetch.ai's FET token in the foreseeable future.
Fetch.ai's FET token has seen a resurgence in bullish momentum, witnessing a substantial 10% price surge in the past week. This robust uptick has propelled FET above its key technical thresholds, including the 20-day, 50-day, and 100-day exponential moving averages, a sign often interpreted as a precursor to further price gains.
Nevertheless, the token encountered some selling pressure after briefly attaining a multi-month high of $0.2570 earlier today. Currently, FET is in a retesting phase, hovering around the $0.23 level and closely monitoring its 100-day EMA.
Maintaining stability above this critical support zone could lay the foundation for FET to launch another upward drive in the short term.
Market Sentiment and Momentum Indicators: RSI and MACD
In gauging market sentiment and momentum, two pivotal indicators come to the fore: the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD) histogram.
FET's present RSI stands at 60.12, exhibiting a slight dip from yesterday's 63.45. This decrease implies a somewhat less overbought condition, potentially signifying a favorable development for FET and a reduction in the risk of a rapid price correction.
Furthermore, the MACD histogram has experienced a positive shift, ascending from 0.0029 to 0.0032. This uptick underscores the potential continuation of the ongoing uptrend, reinforcing the notion of a bullish outlook for Fetch.ai's FET token in the foreseeable future.
Robinhood Expands Crypto Wallet to Include 𝗕𝗶𝘁𝗰𝗼𝗶𝗻 and 𝗗𝗼𝗴𝗲𝗰𝗼𝗶𝗻.
Robinhood Markets Inc. expanded its crypto wallet offerings on Wednesday, announcing support for both bitcoin (𝗕𝗧𝗖) and dogecoin (𝗗𝗢𝗚𝗘). This move broadens the scope of Robinhood's crypto wallet, moving beyond its initial focus on the Ethereum ecosystem.
According to a company statement sent via email, all users of the 𝗥𝗼𝗯𝗶𝗻𝗵𝗼𝗼𝗱 wallet can now engage in the seamless sending and receiving of BTC and DOGE. Remarkably, despite being only six months old, the wallet has already garnered a substantial user base, with hundreds of thousands of users hailing from 140 countries worldwide.
Robinhood's wallet, previously limited to ETH and Ethereum-based tokens, akin to Metamask, has now broadened its horizons. Responding to customer demands for increased asset variety across various blockchains, the platform has expanded its offerings. Additionally, Robinhood has introduced a new feature, allowing "select users" to swap ether for more than 200 diverse assets. Notably, the wallet can levy gas fees, associated with Ethereum transactions, on any tokens within a user's portfolio, not solely restricted to ETH. Robinhood plans to grant all users access to this swap feature in the coming weeks.
Robinhood Markets Inc. expanded its crypto wallet offerings on Wednesday, announcing support for both bitcoin (𝗕𝗧𝗖) and dogecoin (𝗗𝗢𝗚𝗘). This move broadens the scope of Robinhood's crypto wallet, moving beyond its initial focus on the Ethereum ecosystem.
According to a company statement sent via email, all users of the 𝗥𝗼𝗯𝗶𝗻𝗵𝗼𝗼𝗱 wallet can now engage in the seamless sending and receiving of BTC and DOGE. Remarkably, despite being only six months old, the wallet has already garnered a substantial user base, with hundreds of thousands of users hailing from 140 countries worldwide.
Robinhood's wallet, previously limited to ETH and Ethereum-based tokens, akin to Metamask, has now broadened its horizons. Responding to customer demands for increased asset variety across various blockchains, the platform has expanded its offerings. Additionally, Robinhood has introduced a new feature, allowing "select users" to swap ether for more than 200 diverse assets. Notably, the wallet can levy gas fees, associated with Ethereum transactions, on any tokens within a user's portfolio, not solely restricted to ETH. Robinhood plans to grant all users access to this swap feature in the coming weeks.
Floki Inu (FLOKI) and Shiba Inu (SHIB) experience a deceleration, whereas Everlodge (ELDG) maintains
Floki Inu (FLOKI) and Shiba Inu (SHIB) experience a deceleration, whereas Everlodge (ELDG) maintains its rapid ascent during the presale phase. While the market attempts to rebound, meme coins like Floki Inu (FLOKI) and Shiba Inu (SHIB) are facing challenges. In contrast, Everlodge is gearing up for a promising bullish rally.
Floki Inu (FLOKI) has experienced a sharp decline of over 21% within the span of a week. The token's journey this year has been characterized by initial sluggishness followed by a resurgence in March. Despite a tumultuous price trajectory, optimism has persisted among the community. Unfortunately, recent market downturns have exerted considerable pressure on Floki Inu (FLOKI), driving its value down to the $0.000020 threshold. Presently, the token is trading at $0.00001831, reflecting a 2.90% loss over the past 24 hours. Although trading volume has surged by 15.20%, the market capitalization of Floki Inu (FLOKI) has contracted by 2.77%. Despite these challenges, there remains a silver lining for investors. Notably, Floki Inu (FLOKI) holds a notable position among the top 5 dog coins of the year. Analysts maintain that the token still presents a moderate potential for profit. While Floki Inu (FLOKI) may not command the same level of hype as Dogecoin (DOGE), it continues to exhibit growth in terms of social engagement. This development serves as a source of relief for the Floki Inu (FLOKI) community. However, concerted efforts will be required to steer the token's price trajectory back to its previous heights.
Shiba Inu (SHIB) Suffers 22% Weekly Loss Shiba Inu (SHIB) is nearing the $0.000007827 threshold following recent sharp declines. Despite a promising start to August, the Shiba Inu (SHIB) token's fortunes reversed as the market turned bearish. While it managed to eke out a modest 1.01% gain for the month, Shiba Inu (SHIB) remains significantly distant from its target value. Remarkably, the token has plummeted over 100% from its peak value of $0.00008616 recorded in October 2021. The resurgence of Shiba Inu (SHIB) now hinges largely on community efforts. Experts suggest that substantial burning of Shiba Inu (SHIB) tokens, potentially in the trillions, is necessary to bolster prices. However, the challenge lies in executing this action, as erasing a single zero may prove challenging if transaction volumes on Shibarium are insufficient. Presently, Shiba Inu (SHIB) is valued at $0.000007926, reflecting a 4.59% decline within the past 24 hours. The market capitalization has also receded by 4.44%, settling around $4.67 billion. While trading volume has risen by 20.39%, the potential for a positive price upturn for Shiba Inu (SHIB) remains uncertain—only time will provide clarity on this front.
Investors are eagerly jumping on board the Everlodge (ELDG) presale, captivated by the groundbreaking concept of fractional co-ownership for vacation homes, luxury hotels, and villas. In a fusion of AirBnB and Web3 technologies, Everlodge offers a unique opportunity for passive income and substantial rewards. The platform's innovation lies in its transformation of vacation properties into NFTs, subsequently breaking these NFTs down into smaller fragments for accessibility. The comprehensive ecosystem encompasses a marketplace, launchpad, lending services, and an exclusive rewards club. Through the launchpad, property developers can source capital from the Everlodge community, promising attractive returns. Users, in turn, can utilize their NFTs as collateral to secure loans, enhancing the practicality of their investments. The timing aligns perfectly with the projected growth of the global vacation home rental sector, forecasted to reach $94 billion in 2023 and poised for a steady 3.37% expansion, reaching a staggering $108 billion by 2027. This growth in property value will correspondingly elevate the value of the associated NFTs. Notably, the native token ELDG is currently in a bullish upswing. Originally valued at $0.001, it is anticipated to surge by an impressive 280% by the official launch date. Token holders have the enticing option to stake their ELDG holdings, securing a fixed monthly income alongside an array of discounts and rewards. Seize the opportunity to acquire Everlodge tokens today and position yourself for a chance to win an opulent holiday experience in the Maldives.
Floki Inu (FLOKI) has experienced a sharp decline of over 21% within the span of a week. The token's journey this year has been characterized by initial sluggishness followed by a resurgence in March. Despite a tumultuous price trajectory, optimism has persisted among the community. Unfortunately, recent market downturns have exerted considerable pressure on Floki Inu (FLOKI), driving its value down to the $0.000020 threshold. Presently, the token is trading at $0.00001831, reflecting a 2.90% loss over the past 24 hours. Although trading volume has surged by 15.20%, the market capitalization of Floki Inu (FLOKI) has contracted by 2.77%. Despite these challenges, there remains a silver lining for investors. Notably, Floki Inu (FLOKI) holds a notable position among the top 5 dog coins of the year. Analysts maintain that the token still presents a moderate potential for profit. While Floki Inu (FLOKI) may not command the same level of hype as Dogecoin (DOGE), it continues to exhibit growth in terms of social engagement. This development serves as a source of relief for the Floki Inu (FLOKI) community. However, concerted efforts will be required to steer the token's price trajectory back to its previous heights.
Shiba Inu (SHIB) Suffers 22% Weekly Loss Shiba Inu (SHIB) is nearing the $0.000007827 threshold following recent sharp declines. Despite a promising start to August, the Shiba Inu (SHIB) token's fortunes reversed as the market turned bearish. While it managed to eke out a modest 1.01% gain for the month, Shiba Inu (SHIB) remains significantly distant from its target value. Remarkably, the token has plummeted over 100% from its peak value of $0.00008616 recorded in October 2021. The resurgence of Shiba Inu (SHIB) now hinges largely on community efforts. Experts suggest that substantial burning of Shiba Inu (SHIB) tokens, potentially in the trillions, is necessary to bolster prices. However, the challenge lies in executing this action, as erasing a single zero may prove challenging if transaction volumes on Shibarium are insufficient. Presently, Shiba Inu (SHIB) is valued at $0.000007926, reflecting a 4.59% decline within the past 24 hours. The market capitalization has also receded by 4.44%, settling around $4.67 billion. While trading volume has risen by 20.39%, the potential for a positive price upturn for Shiba Inu (SHIB) remains uncertain—only time will provide clarity on this front.
Investors are eagerly jumping on board the Everlodge (ELDG) presale, captivated by the groundbreaking concept of fractional co-ownership for vacation homes, luxury hotels, and villas. In a fusion of AirBnB and Web3 technologies, Everlodge offers a unique opportunity for passive income and substantial rewards. The platform's innovation lies in its transformation of vacation properties into NFTs, subsequently breaking these NFTs down into smaller fragments for accessibility. The comprehensive ecosystem encompasses a marketplace, launchpad, lending services, and an exclusive rewards club. Through the launchpad, property developers can source capital from the Everlodge community, promising attractive returns. Users, in turn, can utilize their NFTs as collateral to secure loans, enhancing the practicality of their investments. The timing aligns perfectly with the projected growth of the global vacation home rental sector, forecasted to reach $94 billion in 2023 and poised for a steady 3.37% expansion, reaching a staggering $108 billion by 2027. This growth in property value will correspondingly elevate the value of the associated NFTs. Notably, the native token ELDG is currently in a bullish upswing. Originally valued at $0.001, it is anticipated to surge by an impressive 280% by the official launch date. Token holders have the enticing option to stake their ELDG holdings, securing a fixed monthly income alongside an array of discounts and rewards. Seize the opportunity to acquire Everlodge tokens today and position yourself for a chance to win an opulent holiday experience in the Maldives.
Shiba Inu (SHIB) Suffers 22% Weekly Loss.
Shiba Inu (SHIB) is nearing the $0.000007827 threshold following recent sharp declines. Despite a promising start to August, the Shiba Inu (SHIB) token's fortunes reversed as the market turned bearish. While it managed to eke out a modest 1.01% gain for the month, Shiba Inu (SHIB) remains significantly distant from its target value. Remarkably, the token has plummeted over 100% from its peak value of $0.00008616 recorded in October 2021.
The resurgence of Shiba Inu (SHIB) now hinges largely on community efforts. Experts suggest that substantial burning of Shiba Inu (SHIB) tokens, potentially in the trillions, is necessary to bolster prices. However, the challenge lies in executing this action, as erasing a single zero may prove challenging if transaction volumes on Shibarium are insufficient.
Presently, Shiba Inu (SHIB) is valued at $0.000007926, reflecting a 4.59% decline within the past 24 hours. The market capitalization has also receded by 4.44%, settling around $4.67 billion. While trading volume has risen by 20.39%, the potential for a positive price upturn for Shiba Inu (SHIB) remains uncertain—only time will provide clarity on this front.
#Shibainu #cryptocurrency
Shiba Inu (SHIB) is nearing the $0.000007827 threshold following recent sharp declines. Despite a promising start to August, the Shiba Inu (SHIB) token's fortunes reversed as the market turned bearish. While it managed to eke out a modest 1.01% gain for the month, Shiba Inu (SHIB) remains significantly distant from its target value. Remarkably, the token has plummeted over 100% from its peak value of $0.00008616 recorded in October 2021.
The resurgence of Shiba Inu (SHIB) now hinges largely on community efforts. Experts suggest that substantial burning of Shiba Inu (SHIB) tokens, potentially in the trillions, is necessary to bolster prices. However, the challenge lies in executing this action, as erasing a single zero may prove challenging if transaction volumes on Shibarium are insufficient.
Presently, Shiba Inu (SHIB) is valued at $0.000007926, reflecting a 4.59% decline within the past 24 hours. The market capitalization has also receded by 4.44%, settling around $4.67 billion. While trading volume has risen by 20.39%, the potential for a positive price upturn for Shiba Inu (SHIB) remains uncertain—only time will provide clarity on this front.
#Shibainu #cryptocurrency
Floki Inu (FLOKI) has experienced a sharp decline of over 21% within the span of a week.
The token's journey this year has been characterized by initial sluggishness followed by a resurgence in March. Despite a tumultuous price trajectory, optimism has persisted among the community. Unfortunately, recent market downturns have exerted considerable pressure on Floki Inu (FLOKI), driving its value down to the $0.000020 threshold. Presently, the token is trading at $0.00001831, reflecting a 2.90% loss over the past 24 hours.
Although trading volume has surged by 15.20%, the market capitalization of Floki Inu (FLOKI) has contracted by 2.77%. Despite these challenges, there remains a silver lining for investors. Notably, Floki Inu (FLOKI) holds a notable position among the top 5 dog coins of the year. Analysts maintain that the token still presents a moderate potential for profit.
While Floki Inu (FLOKI) may not command the same level of hype as Dogecoin (DOGE), it continues to exhibit growth in terms of social engagement. This development serves as a source of relief for the Floki Inu (FLOKI) community. However, concerted efforts will be required to steer the token's price trajectory back to its previous heights.
#FLOKI #cryptocurrency
The token's journey this year has been characterized by initial sluggishness followed by a resurgence in March. Despite a tumultuous price trajectory, optimism has persisted among the community. Unfortunately, recent market downturns have exerted considerable pressure on Floki Inu (FLOKI), driving its value down to the $0.000020 threshold. Presently, the token is trading at $0.00001831, reflecting a 2.90% loss over the past 24 hours.
Although trading volume has surged by 15.20%, the market capitalization of Floki Inu (FLOKI) has contracted by 2.77%. Despite these challenges, there remains a silver lining for investors. Notably, Floki Inu (FLOKI) holds a notable position among the top 5 dog coins of the year. Analysts maintain that the token still presents a moderate potential for profit.
While Floki Inu (FLOKI) may not command the same level of hype as Dogecoin (DOGE), it continues to exhibit growth in terms of social engagement. This development serves as a source of relief for the Floki Inu (FLOKI) community. However, concerted efforts will be required to steer the token's price trajectory back to its previous heights.
#FLOKI #cryptocurrency
Will Pepe Coin's Price Drop to Zero Following the $15M Heist?
#pepe
Pepe Coin's value has plummeted by nearly 40% over the past two weeks due to three founders exploiting the multi-signature transfer system, absconding with approximately $15 million worth of the cryptocurrency. While the immediate future holds uncertainty regarding a complete collapse, Pepe Coin's prospects have been significantly compromised.
The erosion of trust caused by the founders' actions casts doubt on Pepe Coin's ability to regain its former heights. Consequently, investors are exploring alternatives like Wall Street Memes (WSM), a meme coin that has gained attention due to its strong performance.
Pepe Coin's decline has been sharp, with a 37.3% correction in the last month and a 23% drop in the past week alone. The exploit involving the multi-sig wallet led to a sudden and substantial transfer of over 16 trillion tokens to exchanges, resulting in a profound devaluation.
A closer examination of Pepe Coin's technical indicators paints a pessimistic outlook. Tools such as Coincodex predict continued sideways movement, and though a marginal price increase is projected by 2025, recent events' trust deficit could hinder any substantial recovery for Pepe Coin.
Emerging as a potential substitute, Wall Street Memes (WSM) comes into focus as Pepe Coin's value wanes. WSM amassed over $25 million in its presale, gaining substantial traction among traders. The imminent final stage of WSM's presale offers investors a chance to secure the token ahead of its listing on reputable exchanges in the upcoming month.
However, the attainment of a $1 valuation for Wall Street Memes (WSM) hinges on multiple variables. Much like Pepe Coin's past growth, WSM's success depends on factors like technological advancements, adoption rates, partnerships, prevailing market trends, and more.
#pepe
Pepe Coin's value has plummeted by nearly 40% over the past two weeks due to three founders exploiting the multi-signature transfer system, absconding with approximately $15 million worth of the cryptocurrency. While the immediate future holds uncertainty regarding a complete collapse, Pepe Coin's prospects have been significantly compromised.
The erosion of trust caused by the founders' actions casts doubt on Pepe Coin's ability to regain its former heights. Consequently, investors are exploring alternatives like Wall Street Memes (WSM), a meme coin that has gained attention due to its strong performance.
Pepe Coin's decline has been sharp, with a 37.3% correction in the last month and a 23% drop in the past week alone. The exploit involving the multi-sig wallet led to a sudden and substantial transfer of over 16 trillion tokens to exchanges, resulting in a profound devaluation.
A closer examination of Pepe Coin's technical indicators paints a pessimistic outlook. Tools such as Coincodex predict continued sideways movement, and though a marginal price increase is projected by 2025, recent events' trust deficit could hinder any substantial recovery for Pepe Coin.
Emerging as a potential substitute, Wall Street Memes (WSM) comes into focus as Pepe Coin's value wanes. WSM amassed over $25 million in its presale, gaining substantial traction among traders. The imminent final stage of WSM's presale offers investors a chance to secure the token ahead of its listing on reputable exchanges in the upcoming month.
However, the attainment of a $1 valuation for Wall Street Memes (WSM) hinges on multiple variables. Much like Pepe Coin's past growth, WSM's success depends on factors like technological advancements, adoption rates, partnerships, prevailing market trends, and more.
Analyst Raises Concerns About Dogecoin and Shiba Inu Price Trends – Future Outlook for DOGE and SHIB
In the dynamic world of cryptocurrencies, the focus has revolved around the trajectories of Dogecoin (DOGE) and Shiba Inu (SHIB). Altcoin Sherpa, a distinguished analyst, has provided insights into their potential paths.
Dogecoin (DOGE) Price
Starting with Dogecoin, Altcoin Sherpa pinpointed a crucial juncture. DOGE had recently touched a significant support level at $0.057, which has garnered substantial attention. However, Altcoin Sherpa advised against impulsive investments, cautioning that DOGE's price might display unpredictable fluctuations around this point.
Should the support at $0.057 weaken, the analyst alerted that the subsequent support level at roughly $0.045 might come into play. In the present landscape, Altcoin Sherpa refrained from endorsing Dogecoin as an alluring investment option, suggesting a more patient approach instead.
Shiba Inu (SHIB) Price #Shibainu
This same approach was extended to Shiba Inu (SHIB). Despite a brief upward surge, SHIB quickly retraced its gains. Altcoin Sherpa detected a downtrend in SHIB's 200-day Exponential Moving Average (EMA), echoing the bearish sentiment observed in Dogecoin.
The breakdown of the 200-day EMA hinted at a potential decline to lower levels, specifically around 0.00000742. Consequently, Altcoin Sherpa concluded that SHIB's market outlook continues to be bearish.
Altcoin Sherpa recommended a vigilant stance. SHIB was considered unattractive due to its limited volatility and uninspiring market conditions. The analyst emphasized the importance of exercising caution before diving into investments in these cryptocurrencies. The ongoing downtrends and uncertainties encircling DOGE and SHIB emphasized the necessity for careful navigation in the prevailing crypto landscape.
In the dynamic world of cryptocurrencies, the focus has revolved around the trajectories of Dogecoin (DOGE) and Shiba Inu (SHIB). Altcoin Sherpa, a distinguished analyst, has provided insights into their potential paths.
Dogecoin (DOGE) Price
Starting with Dogecoin, Altcoin Sherpa pinpointed a crucial juncture. DOGE had recently touched a significant support level at $0.057, which has garnered substantial attention. However, Altcoin Sherpa advised against impulsive investments, cautioning that DOGE's price might display unpredictable fluctuations around this point.
Should the support at $0.057 weaken, the analyst alerted that the subsequent support level at roughly $0.045 might come into play. In the present landscape, Altcoin Sherpa refrained from endorsing Dogecoin as an alluring investment option, suggesting a more patient approach instead.
Shiba Inu (SHIB) Price #Shibainu
This same approach was extended to Shiba Inu (SHIB). Despite a brief upward surge, SHIB quickly retraced its gains. Altcoin Sherpa detected a downtrend in SHIB's 200-day Exponential Moving Average (EMA), echoing the bearish sentiment observed in Dogecoin.
The breakdown of the 200-day EMA hinted at a potential decline to lower levels, specifically around 0.00000742. Consequently, Altcoin Sherpa concluded that SHIB's market outlook continues to be bearish.
Altcoin Sherpa recommended a vigilant stance. SHIB was considered unattractive due to its limited volatility and uninspiring market conditions. The analyst emphasized the importance of exercising caution before diving into investments in these cryptocurrencies. The ongoing downtrends and uncertainties encircling DOGE and SHIB emphasized the necessity for careful navigation in the prevailing crypto landscape.
Doge vs Shiba Inu : The Ultimate Meme Coin Face-Off,
#Shibainu
#Doge
#cryptocurrency
Step into the ultimate guide unraveling the complexities of three explosive meme coins dominating 2023: Dogecoin, Shiba Inu, and ApeMax. In the ever-changing crypto realm, staying current with the trending contenders is vital. This concise piece offers a thorough juxtaposition of leading and emerging meme coins in today's blockchain arena.
Top Meme Coins of 2023
Highlighting key trends in the crypto market:
1. Dogecoin: The pioneer meme coin.
2. Shiba Inu: A notable Dogecoin offshoot with a distinct legacy.
3. ApeMax: Revolutionizing the meme coin landscape with innovation.
Introducing ApeMax: Beyond Meme, Beyond Ordinary
ApeMax, the new meme coin on the block, is rewriting the rules with its groundbreaking features. Going beyond the conventional meme coin narrative, ApeMax introduces a revolutionary "Boost to Earn" concept that elevates it to a league of its own.
Revolutionary Tokenomics
ApeMax's token structure has caught the attention of the crypto community for all the right reasons. Its innovative approach to tokenomics sets it apart and has stirred significant interest within the crypto space.
Instant Token Access
Unlike traditional crypto presales, ApeMax doesn't keep you waiting. When you acquire ApeMax coins in the presale, they are promptly deposited into your wallet. This means instant access to staking features and a seamless experience from the get-go.
Diving into the Crypto Contenders
While ApeMax basks in the spotlight, let's take a quick look at its fellow contenders:
Dogecoin: What began as a humorous experiment turned into a legitimate sensation, thanks to an impassioned community and noteworthy endorsements.
Shiba Inu: In pursuit of dethroning Dogecoin, Shiba Inu has carved its own path, complete with the decentralized ShibaSwap exchange and a thriving ecosystem.
ApeMax is rewriting the meme coin narrative, setting new standards, and propelling the crypto realm into uncharted territory.
#Shibainu
#Doge
#cryptocurrency
Step into the ultimate guide unraveling the complexities of three explosive meme coins dominating 2023: Dogecoin, Shiba Inu, and ApeMax. In the ever-changing crypto realm, staying current with the trending contenders is vital. This concise piece offers a thorough juxtaposition of leading and emerging meme coins in today's blockchain arena.
Top Meme Coins of 2023
Highlighting key trends in the crypto market:
1. Dogecoin: The pioneer meme coin.
2. Shiba Inu: A notable Dogecoin offshoot with a distinct legacy.
3. ApeMax: Revolutionizing the meme coin landscape with innovation.
Introducing ApeMax: Beyond Meme, Beyond Ordinary
ApeMax, the new meme coin on the block, is rewriting the rules with its groundbreaking features. Going beyond the conventional meme coin narrative, ApeMax introduces a revolutionary "Boost to Earn" concept that elevates it to a league of its own.
Revolutionary Tokenomics
ApeMax's token structure has caught the attention of the crypto community for all the right reasons. Its innovative approach to tokenomics sets it apart and has stirred significant interest within the crypto space.
Instant Token Access
Unlike traditional crypto presales, ApeMax doesn't keep you waiting. When you acquire ApeMax coins in the presale, they are promptly deposited into your wallet. This means instant access to staking features and a seamless experience from the get-go.
Diving into the Crypto Contenders
While ApeMax basks in the spotlight, let's take a quick look at its fellow contenders:
Dogecoin: What began as a humorous experiment turned into a legitimate sensation, thanks to an impassioned community and noteworthy endorsements.
Shiba Inu: In pursuit of dethroning Dogecoin, Shiba Inu has carved its own path, complete with the decentralized ShibaSwap exchange and a thriving ecosystem.
ApeMax is rewriting the meme coin narrative, setting new standards, and propelling the crypto realm into uncharted territory.
Curecoin Price Summary - Latest Data
As of now, Curecoin is valued at US$0.01169, displaying a -0.78% change in the past 24 hours. The 24-hour trading volume is currently unavailable. Curecoin is currently -1.10% down from its highest value in the last 7 days, which was $0.01182, and has shown a 37.15% increase from its lowest point in the same 7-day period, which was $0.008522. The circulating supply of Curecoin is 28.11 million CURE.
What is Curecoin ?
Curecoin is a cryptographic utility token designed to replace ASIC mining with protein folding computations. This innovative approach contributes to scientific endeavors by aiding in the discovery of new medicines instead of traditional mining activities. Curecoin's primary objective is to expedite research in vital medical fields such as Cancer, Alzheimer's, Antibiotics, Diabetes, Huntington's, Ebola, Zika, HIV, Parkinson's, drug compound repurposing, and even Astrobiology.
As of now, Curecoin is valued at US$0.01169, displaying a -0.78% change in the past 24 hours. The 24-hour trading volume is currently unavailable. Curecoin is currently -1.10% down from its highest value in the last 7 days, which was $0.01182, and has shown a 37.15% increase from its lowest point in the same 7-day period, which was $0.008522. The circulating supply of Curecoin is 28.11 million CURE.
What is Curecoin ?
Curecoin is a cryptographic utility token designed to replace ASIC mining with protein folding computations. This innovative approach contributes to scientific endeavors by aiding in the discovery of new medicines instead of traditional mining activities. Curecoin's primary objective is to expedite research in vital medical fields such as Cancer, Alzheimer's, Antibiotics, Diabetes, Huntington's, Ebola, Zika, HIV, Parkinson's, drug compound repurposing, and even Astrobiology.
Top Ripple Wallets: In-Depth Review XRP.
Top XRP Wallet Choice - Best Wallet for All Your Needs
Looking for the ultimate XRP wallet? Look no further than Best Wallet, your top choice for Ripple investors. This decentralized wallet provides non-custodial storage, ensuring your private keys remain inaccessible to Best Wallet itself. It's a versatile solution, designed for various devices, including iOS, Android, and desktop platforms.
Not limited to XRP alone, Best Wallet stands as a multi-chain marvel, accommodating a diverse array of cryptocurrencies like Bitcoin, Litecoin, BNB, Solana, Avalanche, Dogecoin, Dash, and Ethereum. This versatility is perfect for consolidating your crypto portfolio in one secure location. Basic functionalities, including storing, sending, and receiving XRP, come standard.
But that's not all. Best Wallet steps up its game with premium offerings. You can stake your cryptocurrencies directly within the wallet and even perform token swaps without needing to exit the interface. Notably, Best Wallet has partnered with WERT, a regulated payments processor, facilitating seamless debit/credit card purchases of XRP and other cryptos.
Experience convenience and knowledge combined with an in-built artificial intelligence (AI) bot. Have your crypto queries answered on the spot, whether it's about selling XRP tokens or inquiring about XRP's historical performance. And don't forget, Best Wallet also supports airdrops, adding an extra layer of value to this exceptional package.
Top XRP Wallet Choice - Best Wallet for All Your Needs
Looking for the ultimate XRP wallet? Look no further than Best Wallet, your top choice for Ripple investors. This decentralized wallet provides non-custodial storage, ensuring your private keys remain inaccessible to Best Wallet itself. It's a versatile solution, designed for various devices, including iOS, Android, and desktop platforms.
Not limited to XRP alone, Best Wallet stands as a multi-chain marvel, accommodating a diverse array of cryptocurrencies like Bitcoin, Litecoin, BNB, Solana, Avalanche, Dogecoin, Dash, and Ethereum. This versatility is perfect for consolidating your crypto portfolio in one secure location. Basic functionalities, including storing, sending, and receiving XRP, come standard.
But that's not all. Best Wallet steps up its game with premium offerings. You can stake your cryptocurrencies directly within the wallet and even perform token swaps without needing to exit the interface. Notably, Best Wallet has partnered with WERT, a regulated payments processor, facilitating seamless debit/credit card purchases of XRP and other cryptos.
Experience convenience and knowledge combined with an in-built artificial intelligence (AI) bot. Have your crypto queries answered on the spot, whether it's about selling XRP tokens or inquiring about XRP's historical performance. And don't forget, Best Wallet also supports airdrops, adding an extra layer of value to this exceptional package.
Ethereum's Price Dips Below $1,700: Analyzing Ongoing Descent and Future Trajectory
#Ethereum #eth
The Ethereum price has dropped by 1% today to $1,653, mirroring the broader cryptocurrency market's decline. Over the past week, ETH has seen a 2% decrease, while the last 30 days show a 10% dip. Nonetheless, this year, the major altcoin has gained 38%.
Given the current uncertain market conditions, particularly due to ongoing regulatory measures, there is a possibility of further decline for ETH in the upcoming days. Notably, it has recently fallen below the critical support levels of $1,800 and $1,700.
Despite these challenges, ETH's strong underlying fundamentals indicate a future recovery. Ethereum's ongoing ability to attract more users and adoption sets it apart from most of its competitors. #ETH
#Ethereum #eth
The Ethereum price has dropped by 1% today to $1,653, mirroring the broader cryptocurrency market's decline. Over the past week, ETH has seen a 2% decrease, while the last 30 days show a 10% dip. Nonetheless, this year, the major altcoin has gained 38%.
Given the current uncertain market conditions, particularly due to ongoing regulatory measures, there is a possibility of further decline for ETH in the upcoming days. Notably, it has recently fallen below the critical support levels of $1,800 and $1,700.
Despite these challenges, ETH's strong underlying fundamentals indicate a future recovery. Ethereum's ongoing ability to attract more users and adoption sets it apart from most of its competitors. #ETH
