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#NOT🔥🔥🔥 $NOT launched on May 16, 2024 at an initial price of $0.010
$NOT has rocketed 350% to $0.0244 and a $2.5 billion market cap
Trading volume in $NOT is over $2.2 billion, making it the 7th-most traded token.
Notcoin Price Prediction 2024
Notcoin is one of the hottest tokens of 2024, which is saying a lot in a year that’s been extremely bullish for the crypto market. The token’s trading volume and the fact that it has attracted more than 35 million users to its trending play-to-earn game is hard to ignore. Most important, these signals indicate that Notcoin’s meteoric rise is likely to be more than a short-lived pump.
We think that Notcoin has the potential to keep rising on its current momentum. While trading volume has declined from $4.3 billion to $2.2 billion, that’s still an enormous amount of volume and represents nearly the entire market cap of $NOT being traded on a daily basis.
On top of that, Notcoin has an important catalyst still ahead of it: listing on Binance and Coinbase, the world’s two largest exchanges. Research has shown that Binance listings typically generate a sustained 41% gain for tokens, and the gain for $NOT could be even bigger considering how much attention the coin has gotten already. Listing on Coinbase could propel $NOT even higher.
$NOT has rocketed 350% to $0.0244 and a $2.5 billion market cap
Trading volume in $NOT is over $2.2 billion, making it the 7th-most traded token.
Notcoin Price Prediction 2024
Notcoin is one of the hottest tokens of 2024, which is saying a lot in a year that’s been extremely bullish for the crypto market. The token’s trading volume and the fact that it has attracted more than 35 million users to its trending play-to-earn game is hard to ignore. Most important, these signals indicate that Notcoin’s meteoric rise is likely to be more than a short-lived pump.
We think that Notcoin has the potential to keep rising on its current momentum. While trading volume has declined from $4.3 billion to $2.2 billion, that’s still an enormous amount of volume and represents nearly the entire market cap of $NOT being traded on a daily basis.
On top of that, Notcoin has an important catalyst still ahead of it: listing on Binance and Coinbase, the world’s two largest exchanges. Research has shown that Binance listings typically generate a sustained 41% gain for tokens, and the gain for $NOT could be even bigger considering how much attention the coin has gotten already. Listing on Coinbase could propel $NOT even higher.
Meme Reach $60 Billion:
Galaxy Digital SEO Highlights Their Impact
Meme coins have seen an extraordinary surge this year, reaching nearly $60 billion, according to Crypto potato
This rise comes amid a broader market rally, though not everyone is thrilled.
Some industry insiders worry that the focus on meme coins is overshadowing more substantial projects.
Despite the controversies, Galaxy Digital CEO Michael Novogratz acknowledges the significant narratives driving these tokens.
In a video interviewing with BusinessUntitled
Novogratz outlined how investors can profit from meme coins. He identified two main strategies: selecting the right meme coin to invest in and creating a new one. He remarked,
"Memecoins – whether you’re a fan or not – have become a cornerstone of the crypto economy… In today’s market
they’re one of the most powerful narratives out there." This perspective aligns with a Galaxy Digital report which suggests that meme coins are more than just a fleeting trend, emphasizing their role in wealth creation.
The meme coin market's explosive growth is not without risks. March alone saw $13 billion in spot trading volumes on exchanges, and these tokens have outperformed major cryptocurrencies like Ethereum and Solana.
recent report highlighted several concerns, particularly market manipulation and liquidity issues. A significant concentration of assets among a few holders, often referred to as "whales," can lead to severe price volatility.
These large holders can manipulate prices and control liquidity on decentralized exchanges. The market's high Gini coefficient of 0.8 further underscores the centralization of token holdings
posing additional risks to investors.
In summary, while meme coins have carved out a substantial niche in the crypto market, they come with considerable risks. Investors must navigate these waters carefully, balancing the potential for high rewards against the inherent volatility and centralization challenges.
Galaxy Digital SEO Highlights Their Impact
Meme coins have seen an extraordinary surge this year, reaching nearly $60 billion, according to Crypto potato
This rise comes amid a broader market rally, though not everyone is thrilled.
Some industry insiders worry that the focus on meme coins is overshadowing more substantial projects.
Despite the controversies, Galaxy Digital CEO Michael Novogratz acknowledges the significant narratives driving these tokens.
In a video interviewing with BusinessUntitled
Novogratz outlined how investors can profit from meme coins. He identified two main strategies: selecting the right meme coin to invest in and creating a new one. He remarked,
"Memecoins – whether you’re a fan or not – have become a cornerstone of the crypto economy… In today’s market
they’re one of the most powerful narratives out there." This perspective aligns with a Galaxy Digital report which suggests that meme coins are more than just a fleeting trend, emphasizing their role in wealth creation.
The meme coin market's explosive growth is not without risks. March alone saw $13 billion in spot trading volumes on exchanges, and these tokens have outperformed major cryptocurrencies like Ethereum and Solana.
recent report highlighted several concerns, particularly market manipulation and liquidity issues. A significant concentration of assets among a few holders, often referred to as "whales," can lead to severe price volatility.
These large holders can manipulate prices and control liquidity on decentralized exchanges. The market's high Gini coefficient of 0.8 further underscores the centralization of token holdings
posing additional risks to investors.
In summary, while meme coins have carved out a substantial niche in the crypto market, they come with considerable risks. Investors must navigate these waters carefully, balancing the potential for high rewards against the inherent volatility and centralization challenges.
$NOT Notcoin is one of the hottest crypto tokens on the market today, rocketing to a $2.5 billion market cap and taking first position among native coins on the TON blockchain. With so much momentum behind it, many investors and traders are wondering just how high $NOT could rise this year and beyond.
In our Notcoin price prediction, we’ll take a close look at $NOT ’s price potential and forecast the token’s value from now until 2030. Keep reading to find out whether Notcoin is a smart token to buy today.
Notcoin Price Prediction 2024-2030
Notcoin is a play-to-earn token built on the TON Network, the blockchain originally built by Telegram before being spun off into its own project. The Notcoin game is an applet on Telegram in which users tap on a virtual coin and earn tokens, which can then be converted into cryptocurrency.
The Notcoin game has proven incredibly popular, with more than 35 million active users by the time token redemptions launched on May 16, 2024. The $NOT token listed on decentralized exchanges for trading on the same day.
From its launch to the beginning of June, has exploded by nearly 350% to a current price of $0.0244. It’s been one of the best altcoins of the year so far for investors. The token now has a $2.5 billion market cap and is the 47th-largest cryptocurrency by market capitalization
Here’s what we know about Notcoin right now:
Our real-time NOT/USD price data shows a current price of $0.0244
is available exchanges, but not yet on Binance or Coinbase
has a market cap of $2.5 billion and is the largest coin on the TON Network other than $TON
24-hour trading volume in $TON is $2.2 billion, making it the 7th-most heavily traded token on the market
Notcoin’s game is available to everyone on Telegram, which has a user base of more than 700 million worldwide. In addition, it’s part of the TON Network, which is one of the fastest-growing new blockchains
Year Potential Low Average Price Potential High
2024 $0.013 $0.050 $0.085
2025 $0.025 $0.090 $0.150
2030 $0.010 $0.145 $0.275
In our Notcoin price prediction, we’ll take a close look at $NOT ’s price potential and forecast the token’s value from now until 2030. Keep reading to find out whether Notcoin is a smart token to buy today.
Notcoin Price Prediction 2024-2030
Notcoin is a play-to-earn token built on the TON Network, the blockchain originally built by Telegram before being spun off into its own project. The Notcoin game is an applet on Telegram in which users tap on a virtual coin and earn tokens, which can then be converted into cryptocurrency.
The Notcoin game has proven incredibly popular, with more than 35 million active users by the time token redemptions launched on May 16, 2024. The $NOT token listed on decentralized exchanges for trading on the same day.
From its launch to the beginning of June, has exploded by nearly 350% to a current price of $0.0244. It’s been one of the best altcoins of the year so far for investors. The token now has a $2.5 billion market cap and is the 47th-largest cryptocurrency by market capitalization
Here’s what we know about Notcoin right now:
Our real-time NOT/USD price data shows a current price of $0.0244
is available exchanges, but not yet on Binance or Coinbase
has a market cap of $2.5 billion and is the largest coin on the TON Network other than $TON
24-hour trading volume in $TON is $2.2 billion, making it the 7th-most heavily traded token on the market
Notcoin’s game is available to everyone on Telegram, which has a user base of more than 700 million worldwide. In addition, it’s part of the TON Network, which is one of the fastest-growing new blockchains
Year Potential Low Average Price Potential High
2024 $0.013 $0.050 $0.085
2025 $0.025 $0.090 $0.150
2030 $0.010 $0.145 $0.275
bitcoin☀️ $BTC #etherreum $ETH bThe world’s biggest bank, the Industrial and Commercial Bank of China (ICBC), is reportedly calling Bitcoin (BTC) “digital gold” and Ethereum (ETH) “digital oil.”
In a new report shared by Matthew Siegel, VanEck’s head of digital assets, the ICBC gives praise to the top two cryptocurrencies by market cap.
The report also says that market demand is strong for digital assets, pushing innovation in the sector.
“Market demand drives the continuous iteration of digital currencies.”
The report draws comparisons between Bitcoin and gold while also saying the crypto king has added benefits.
“Bitcoin retains the scarcity similar to gold through mathematical consensus, while solving its problem of being difficult to divide, difficult to identify authenticity and inconvenient to carry. Its monetary attributes are gradually weakening, while its asset attributes are constantly strengthening.”
In calling Ethereum “digital oil,” the report praises various characteristics of the top smart contract platform’s ecosystem. While ICBC highlights some of the network’s shortcomings, it also believes technological advances will resolve them over time.
“Ethereum has been continuously upgrading its technology in terms of security, scalability, and sustainability, providing technical power for the digital future…
Ethereum introduces Turing completeness with its exclusive programming language (Solidity) and virtual machine (EVM), allowing developers to write and arrange for a variety of complex smart contracts and applications, providing a strong platform support for blockchain technology. Its flexibility has been widely recognized in the fields of decentralized finance (DeFi) and non-fungible tokens (NFT), and is gradually extending to the physical infrastructure network (DePin).
In essence, Ethereum’s Turing completeness enables it to execute any programming instructions under the premise of correct instructions and sufficient resources, but it also poses several practical problems…
In a new report shared by Matthew Siegel, VanEck’s head of digital assets, the ICBC gives praise to the top two cryptocurrencies by market cap.
The report also says that market demand is strong for digital assets, pushing innovation in the sector.
“Market demand drives the continuous iteration of digital currencies.”
The report draws comparisons between Bitcoin and gold while also saying the crypto king has added benefits.
“Bitcoin retains the scarcity similar to gold through mathematical consensus, while solving its problem of being difficult to divide, difficult to identify authenticity and inconvenient to carry. Its monetary attributes are gradually weakening, while its asset attributes are constantly strengthening.”
In calling Ethereum “digital oil,” the report praises various characteristics of the top smart contract platform’s ecosystem. While ICBC highlights some of the network’s shortcomings, it also believes technological advances will resolve them over time.
“Ethereum has been continuously upgrading its technology in terms of security, scalability, and sustainability, providing technical power for the digital future…
Ethereum introduces Turing completeness with its exclusive programming language (Solidity) and virtual machine (EVM), allowing developers to write and arrange for a variety of complex smart contracts and applications, providing a strong platform support for blockchain technology. Its flexibility has been widely recognized in the fields of decentralized finance (DeFi) and non-fungible tokens (NFT), and is gradually extending to the physical infrastructure network (DePin).
In essence, Ethereum’s Turing completeness enables it to execute any programming instructions under the premise of correct instructions and sufficient resources, but it also poses several practical problems…
Altcoins, short for "alternative coins," $ADA $XRP cryptocurrencies other than Bitcoin. While Bitcoin remains the most recognized and valuable cryptocurrency, altcoins have carved out their niches by addressing specific needs and challenges within the crypto ecosystem. Some of the most well-known altcoins include Ethereum, Ripple (XRP), Litecoin, and Cardano.Types of AltcoinsStablecoins: Designed to minimize price volatility, stablecoins are pegged to assets like the US dollar or gold. Examples include Tether (USDT) and USD Coin (USDC).Utility Tokens: These tokens provide access to a product or service within a blockchain platform. Ethereum's Ether (ETH) is a prime example, as it is used to pay for transactions on the Ethereum network.Security Tokens: Representing ownership in an asset or company, security tokens are akin to traditional securities but with the benefits of blockchain technology.Meme Coins: Often started as jokes, these coins, like Dogecoin (DOGE) and Shiba Inu (SHIB), have gained significant popularity and market value, largely driven by community support and social media hype.
#NOT🔥🔥🔥 $NOT Notcoin is one of the hottest crypto tokens on the market today, rocketing to a $2.5 billion market cap and taking first position among native coins on the TON blockchain. With so much momentum behind it, many investors and traders are wondering just how high $NOT could rise this year and beyond.
In our Notcoin price prediction, we’ll take a close look at $NOT ’s price potential and forecast the token’s value from now until 2030. Keep reading to find out whether Notcoin is a smart token to buy today.
Notcoin Price Prediction 2024-2030
Notcoin is a play-to-earn token built on the TON Network, the blockchain originally built by Telegram before being spun off into its own project. The Notcoin game is an applet on Telegram in which users tap on a virtual coin and earn tokens, which can then be converted into cryptocurrency.
The Notcoin game has proven incredibly popular, with more than 35 million active users by the time token redemptions launched on May 16, 2024. The $NOT token listed on decentralized exchanges for trading on the same day.
From its launch to the beginning of June, has exploded by nearly 350% to a current price of $0.0244. It’s been one of the best altcoins of the year so far for investors. The token now has a $2.5 billion market cap and is the 47th-largest cryptocurrency by market capitalization
Here’s what we know about Notcoin right now:
Our real-time NOT/USD price data shows a current price of $0.0244
is available exchanges, but not yet on Binance or Coinbase
has a market cap of $2.5 billion and is the largest coin on the TON Network other than $TON
24-hour trading volume in $TON is $2.2 billion, making it the 7th-most heavily traded token on the market
Notcoin’s game is available to everyone on Telegram, which has a user base of more than 700 million worldwide. In addition, it’s part of the TON Network, which is one of the fastest-growing new blockchains
Year Potential Low Average Price Potential High
2024 $0.013 $0.050 $0.085
2025 $0.025 $0.090 $0.150
2030 $0.010 $0.145 $0.275
In our Notcoin price prediction, we’ll take a close look at $NOT ’s price potential and forecast the token’s value from now until 2030. Keep reading to find out whether Notcoin is a smart token to buy today.
Notcoin Price Prediction 2024-2030
Notcoin is a play-to-earn token built on the TON Network, the blockchain originally built by Telegram before being spun off into its own project. The Notcoin game is an applet on Telegram in which users tap on a virtual coin and earn tokens, which can then be converted into cryptocurrency.
The Notcoin game has proven incredibly popular, with more than 35 million active users by the time token redemptions launched on May 16, 2024. The $NOT token listed on decentralized exchanges for trading on the same day.
From its launch to the beginning of June, has exploded by nearly 350% to a current price of $0.0244. It’s been one of the best altcoins of the year so far for investors. The token now has a $2.5 billion market cap and is the 47th-largest cryptocurrency by market capitalization
Here’s what we know about Notcoin right now:
Our real-time NOT/USD price data shows a current price of $0.0244
is available exchanges, but not yet on Binance or Coinbase
has a market cap of $2.5 billion and is the largest coin on the TON Network other than $TON
24-hour trading volume in $TON is $2.2 billion, making it the 7th-most heavily traded token on the market
Notcoin’s game is available to everyone on Telegram, which has a user base of more than 700 million worldwide. In addition, it’s part of the TON Network, which is one of the fastest-growing new blockchains
Year Potential Low Average Price Potential High
2024 $0.013 $0.050 $0.085
2025 $0.025 $0.090 $0.150
2030 $0.010 $0.145 $0.275
The Future of Cryptocurrency: A Cyberpunk PerspectiveIn a neon-lit digital landscape, the symbols of Bitcoin (₿) and Ethereum (Ξ) shine brightly, representing the forefront of the financial revolution. As we advance further into the 21st century, cryptocurrencies continue to redefine the concept of money and the structure of global finance. This transformation is reminiscent of the cyberpunk worlds depicted in science fiction, where technology and decentralization reign supreme.The Rise of Bitcoin and EthereumBitcoin, often referred to as digital gold, was the first cryptocurrency to capture the public's imagination. Launched in 2009 by the mysterious Satoshi Nakamoto, Bitcoin introduced the concept of a decentralized ledger using blockchain technology. This innovation promised transparency, security, and independence from traditional financial institutions.Ethereum, launched in 2015 by Vitalik Buterin, took the blockchain concept a step further by introducing smart contracts. These self-executing contracts with the terms of the agreement directly written into code allow for the automation of complex transactions and applications, creating a decentralized ecosystem known as decentralized finance (DeFi).A Glimpse into the FutureThe image above captures the essence of a futuristic world where cryptocurrencies like Bitcoin and Ethereum are not just alternative investments but integral parts of everyday life. The vibrant hues and high-tech environment suggest a society that has fully embraced digital currencies and the blockchain technology that underpins them.In this imagined future, financial transactions are instantaneous, transparent, and secure. The reliance on central banks and traditional financial institutions has diminished, giving way to peer-to-peer exchanges and decentralized platforms. This shift empowers individuals, providing greater control over their financial assets and data privacy.Challenges and OpportunitiesWhile the potential of cryptocurrencies is immense, several challenges remain. Regulatory uncertainties, scalability issues, and market vo
#bitcoin☀️ $BTC #etherreum $ETH bThe world’s biggest bank, the Industrial and Commercial Bank of China (ICBC), is reportedly calling Bitcoin (BTC) “digital gold” and Ethereum (ETH) “digital oil.”
In a new report shared by Matthew Siegel, VanEck’s head of digital assets, the ICBC gives praise to the top two cryptocurrencies by market cap.
The report also says that market demand is strong for digital assets, pushing innovation in the sector.
“Market demand drives the continuous iteration of digital currencies.”
The report draws comparisons between Bitcoin and gold while also saying the crypto king has added benefits.
“Bitcoin retains the scarcity similar to gold through mathematical consensus, while solving its problem of being difficult to divide, difficult to identify authenticity and inconvenient to carry. Its monetary attributes are gradually weakening, while its asset attributes are constantly strengthening.”
In calling Ethereum “digital oil,” the report praises various characteristics of the top smart contract platform’s ecosystem. While ICBC highlights some of the network’s shortcomings, it also believes technological advances will resolve them over time.
“Ethereum has been continuously upgrading its technology in terms of security, scalability, and sustainability, providing technical power for the digital future…
Ethereum introduces Turing completeness with its exclusive programming language (Solidity) and virtual machine (EVM), allowing developers to write and arrange for a variety of complex smart contracts and applications, providing a strong platform support for blockchain technology. Its flexibility has been widely recognized in the fields of decentralized finance (DeFi) and non-fungible tokens (NFT), and is gradually extending to the physical infrastructure network (DePin).
In essence, Ethereum’s Turing completeness enables it to execute any programming instructions under the premise of correct instructions and sufficient resources, but it also poses several practical problems…
In a new report shared by Matthew Siegel, VanEck’s head of digital assets, the ICBC gives praise to the top two cryptocurrencies by market cap.
The report also says that market demand is strong for digital assets, pushing innovation in the sector.
“Market demand drives the continuous iteration of digital currencies.”
The report draws comparisons between Bitcoin and gold while also saying the crypto king has added benefits.
“Bitcoin retains the scarcity similar to gold through mathematical consensus, while solving its problem of being difficult to divide, difficult to identify authenticity and inconvenient to carry. Its monetary attributes are gradually weakening, while its asset attributes are constantly strengthening.”
In calling Ethereum “digital oil,” the report praises various characteristics of the top smart contract platform’s ecosystem. While ICBC highlights some of the network’s shortcomings, it also believes technological advances will resolve them over time.
“Ethereum has been continuously upgrading its technology in terms of security, scalability, and sustainability, providing technical power for the digital future…
Ethereum introduces Turing completeness with its exclusive programming language (Solidity) and virtual machine (EVM), allowing developers to write and arrange for a variety of complex smart contracts and applications, providing a strong platform support for blockchain technology. Its flexibility has been widely recognized in the fields of decentralized finance (DeFi) and non-fungible tokens (NFT), and is gradually extending to the physical infrastructure network (DePin).
In essence, Ethereum’s Turing completeness enables it to execute any programming instructions under the premise of correct instructions and sufficient resources, but it also poses several practical problems…
The price of io.net (IO) is $5.18 today with a 24-hour trading volume of $1,560,386,882.48. This represents a 47.81% price increase in the last 24 hours and a price increase in the past 7 days. With a circulating supply of 95 Million IO, io.net is valued at a market cap of $492,030,727.
Binance launched its latest Launchpool project, IO.NET (IO), a decentralized AI computing and cloud platform. This marks the 55th project on Binance Launchpool, enabling users to farm IO tokens by staking BNB and FDUSD.
Binance will list IO tokens with an initial circulating supply of 95 million IO, comprising 19% of the total initial token supply. The total token supply at genesis stands at 500 million IO, with a maximum token supply of 800 million IO. Users can stake their BNB and FDUSD in separate pools to earn IO tokens. With 17 million IO tokens allocated to the BNB pool and 3 million IO tokens allocated to the FDUSD pool, the farming period will run from June 7 to June 10, 2024.
Ahmed, the CEO of ION, announced that IO.NET aims to revolutionize the AI computing industry with the introduction of the Internet of GPUs (IOG), the world’s largest AI compute network. This network is designed to provide seamless access to GPU compute power, making it as accessible as the internet. The platform emphasizes democratized and permissionless access to AI computing resources, positioning compute power as a central currency within its ecosystem.
In a related development, IO.NET has partnered with Aptos to build a safer, faster, and more efficient blockchain for AI applications. Aptos’s infrastructure supports high transaction rates and scalability, essential for the AI computing demands that IO.NET aims to meet. This collaboration aims to enhance the technical capabilities of IO.NET, ensuring it can handle the surging demand for AI compute power.
IO.NET has secured over $40 million in Series A funding, demonstrating strong support from key investors. This funding will support the platform’s growth and development, reinforcing its mission to provide scalable and affordable AI compute
Binance launched its latest Launchpool project, IO.NET (IO), a decentralized AI computing and cloud platform. This marks the 55th project on Binance Launchpool, enabling users to farm IO tokens by staking BNB and FDUSD.
Binance will list IO tokens with an initial circulating supply of 95 million IO, comprising 19% of the total initial token supply. The total token supply at genesis stands at 500 million IO, with a maximum token supply of 800 million IO. Users can stake their BNB and FDUSD in separate pools to earn IO tokens. With 17 million IO tokens allocated to the BNB pool and 3 million IO tokens allocated to the FDUSD pool, the farming period will run from June 7 to June 10, 2024.
Ahmed, the CEO of ION, announced that IO.NET aims to revolutionize the AI computing industry with the introduction of the Internet of GPUs (IOG), the world’s largest AI compute network. This network is designed to provide seamless access to GPU compute power, making it as accessible as the internet. The platform emphasizes democratized and permissionless access to AI computing resources, positioning compute power as a central currency within its ecosystem.
In a related development, IO.NET has partnered with Aptos to build a safer, faster, and more efficient blockchain for AI applications. Aptos’s infrastructure supports high transaction rates and scalability, essential for the AI computing demands that IO.NET aims to meet. This collaboration aims to enhance the technical capabilities of IO.NET, ensuring it can handle the surging demand for AI compute power.
IO.NET has secured over $40 million in Series A funding, demonstrating strong support from key investors. This funding will support the platform’s growth and development, reinforcing its mission to provide scalable and affordable AI compute
$IO Io.net token launches on Binance
io.net is a Solana-based decentralized physical infrastructure network (DePIN) project that seeks to offer AI Compute-as-a-Currency. The IO token powers this ecosystem, with users benefiting from a vast resources in terms of computing power.
The protocol achieves this by aggregating GPUs across multiple storage providers, with GPU power providers earning from the venture. Following the project’s debut on Binance at 12:00 UTC on June 11, the io.net platform is transitioning to IO Coin payments.
As the token launched on the Binance crypto exchange, volatility saw it fall sharply.
CoinMarketCap data showed the native token of the decentralized artificial intelligence (AI) and cloud platform dipped nearly 20% from $4.54 to $3.40 before pushing up to around $4.01 at the time of writing.
IO price was down about 10% per CoinMarketCap, with intraday trading volume at $192 million and market cap of $378 million.
io.net’s CEO exit
Ahead of IO token’s launch on the world’s leading crypto exchange by volume, Ahmad Shadid stepped down as CEO. In his place, the project named Tory Green, the co-founder and former COO.
Shadid’s exit happened as allegations surfaced regarding his past. While he did not address these said allegations, the former CEO explained that his departure would allow the IO team to focus on taking the project to the next level.
“While there have been allegations regarding my past, I want to emphasize that I am stepping down as CEO to allow io.net to move forward without distraction and to focus on its growth and success,” he noted in an X post on June 9.
To help address concerns that he would dump his tokens, Shadid noted that his allocation, much like everybody else’s on the team, is subject to a four-year lockup. He added that these tokens have a monthly unlock schedule that only begins in June 2025.
Shadid also pledged to donate 1 million IO tokens from his allocation to io.net’s Internet of GPUs Foundation.
io.net is a Solana-based decentralized physical infrastructure network (DePIN) project that seeks to offer AI Compute-as-a-Currency. The IO token powers this ecosystem, with users benefiting from a vast resources in terms of computing power.
The protocol achieves this by aggregating GPUs across multiple storage providers, with GPU power providers earning from the venture. Following the project’s debut on Binance at 12:00 UTC on June 11, the io.net platform is transitioning to IO Coin payments.
As the token launched on the Binance crypto exchange, volatility saw it fall sharply.
CoinMarketCap data showed the native token of the decentralized artificial intelligence (AI) and cloud platform dipped nearly 20% from $4.54 to $3.40 before pushing up to around $4.01 at the time of writing.
IO price was down about 10% per CoinMarketCap, with intraday trading volume at $192 million and market cap of $378 million.
io.net’s CEO exit
Ahead of IO token’s launch on the world’s leading crypto exchange by volume, Ahmad Shadid stepped down as CEO. In his place, the project named Tory Green, the co-founder and former COO.
Shadid’s exit happened as allegations surfaced regarding his past. While he did not address these said allegations, the former CEO explained that his departure would allow the IO team to focus on taking the project to the next level.
“While there have been allegations regarding my past, I want to emphasize that I am stepping down as CEO to allow io.net to move forward without distraction and to focus on its growth and success,” he noted in an X post on June 9.
To help address concerns that he would dump his tokens, Shadid noted that his allocation, much like everybody else’s on the team, is subject to a four-year lockup. He added that these tokens have a monthly unlock schedule that only begins in June 2025.
Shadid also pledged to donate 1 million IO tokens from his allocation to io.net’s Internet of GPUs Foundation.
#bitcoin $BTC Payrolls-Led Bitcoin, Ether Price Swoon Is 'Buy the Dip' Opportunity, Crypto Trading Firm Says
Bitcoin (BTC) and ether (ETH) have lost steam since Friday's hotter-than-expected U.S. jobs data damped hopes for a Federal Reserve interest-rate cut in September.
The post-report price swoon in the two largest cryptocurrencies offers a good opportunity to pick up bargains, according to QCP Capital, a Singapore-based trading firm.
Friday's non-farm payrolls data showed the U.S. economy added 272,000 jobs in May, way more than the 185,000 estimated and well ahead of April's downwardly revised 165,000. While the jobless rate ticked higher to 4%, average hourly earnings, the sticky inflation component, rose 0.4% month-on-month, above the expectation of a 0.3% rise.
Markets immediately trimmed the probability of a 25 basis-point Fed rate cut in September to 60% from 85%, sending risk assets, including cryptocurrencies, lower. JPMorgan and Citi scrapped forecasts for a Fed rate cut in July, while some observers put rate increases or additional liquidity tightening back on the agenda. Bitcoin, which looked primed for a breakout above $72,000, fell almost 3% to $68,400, according to CoinDesk data. Ether and the CoinDesk 20 index followed bitcoin's lead.QCP Capital said the Fed will have trouble keeping rates elevated while other central banks reduce borrowing costs."Strong upside surprised on NFP (272K vs 182k), higher payrolls came with higher unemployment (3.9% to 4.0%). It was confusing enough to trigger a risk-off ahead of U.S. inflation numbers and FOMC," the firm said in a market update.
"We agree that this is a good opportunity to buy the dip as the markets will increasingly price in at least one Fed rate cut from here. It will be difficult for the U.S. to ignore as the rest of the world continues to cut rates," QCP Capital said.
The European Central Bank and the Bank of Canada cut rates last week, leading the Group of Seven (G7) to start a so-called easing cycle. According to MacroMicro,
Bitcoin (BTC) and ether (ETH) have lost steam since Friday's hotter-than-expected U.S. jobs data damped hopes for a Federal Reserve interest-rate cut in September.
The post-report price swoon in the two largest cryptocurrencies offers a good opportunity to pick up bargains, according to QCP Capital, a Singapore-based trading firm.
Friday's non-farm payrolls data showed the U.S. economy added 272,000 jobs in May, way more than the 185,000 estimated and well ahead of April's downwardly revised 165,000. While the jobless rate ticked higher to 4%, average hourly earnings, the sticky inflation component, rose 0.4% month-on-month, above the expectation of a 0.3% rise.
Markets immediately trimmed the probability of a 25 basis-point Fed rate cut in September to 60% from 85%, sending risk assets, including cryptocurrencies, lower. JPMorgan and Citi scrapped forecasts for a Fed rate cut in July, while some observers put rate increases or additional liquidity tightening back on the agenda. Bitcoin, which looked primed for a breakout above $72,000, fell almost 3% to $68,400, according to CoinDesk data. Ether and the CoinDesk 20 index followed bitcoin's lead.QCP Capital said the Fed will have trouble keeping rates elevated while other central banks reduce borrowing costs."Strong upside surprised on NFP (272K vs 182k), higher payrolls came with higher unemployment (3.9% to 4.0%). It was confusing enough to trigger a risk-off ahead of U.S. inflation numbers and FOMC," the firm said in a market update.
"We agree that this is a good opportunity to buy the dip as the markets will increasingly price in at least one Fed rate cut from here. It will be difficult for the U.S. to ignore as the rest of the world continues to cut rates," QCP Capital said.
The European Central Bank and the Bank of Canada cut rates last week, leading the Group of Seven (G7) to start a so-called easing cycle. According to MacroMicro,
Shiba Inu is currently trading around the $0.000025 mark in the indices on Friday and is mostly moving sideways. Around 1.4 million investors currently hold SHIB in their wallets and are waiting for the long term to generate profits. The majority of investors are hoping for SHIB to hit the 1-Cent mark and make millions of dollars. The others are eager for the token to climb beyond $0.01 and reach a new milestone that can turn them into multi-millionaires.
Also Read: SHIB to Hit $0.000031 This weekend?
For those who are waiting for Shiba Inu to reach 25 Cents, the road is long, and difficult to hit the $0.25 threshold. It might take years or even decades or one’s lifetime could pass before it reaches the price mark. However, in this article, we will highlight what could make Shiba Inu’s price hit the $0.25 milestone.
Next Generation of Internet Is on Base: Coinbase's Pollak
Also Read: SHIB Forecasted To Hit $0.05, Bitcoin Pundit Predicts When
Shiba Inu: Here’s How SHIB Might Hit 25 Cents ($0.25)
Source: Pexels
Shiba Inu reaching the 25 Cents mark needs a robust and massive push in its market cap. SHIB’s market cap is near $15 billion today and needs to scale up phenomenally to even consider reaching $0.25. While the market cap seems unrealistic, it’s not impossible to achieve in the future.
Also Read: SHIB to Hit $0.000031 This weekend?
For those who are waiting for Shiba Inu to reach 25 Cents, the road is long, and difficult to hit the $0.25 threshold. It might take years or even decades or one’s lifetime could pass before it reaches the price mark. However, in this article, we will highlight what could make Shiba Inu’s price hit the $0.25 milestone.
Next Generation of Internet Is on Base: Coinbase's Pollak
Also Read: SHIB Forecasted To Hit $0.05, Bitcoin Pundit Predicts When
Shiba Inu: Here’s How SHIB Might Hit 25 Cents ($0.25)
Source: Pexels
Shiba Inu reaching the 25 Cents mark needs a robust and massive push in its market cap. SHIB’s market cap is near $15 billion today and needs to scale up phenomenally to even consider reaching $0.25. While the market cap seems unrealistic, it’s not impossible to achieve in the future.
XRP reaching $10 in 2026 is a landmark event in the cryptocurrency world. This achievement underscores the transformative potential of digital currencies and the importance of regulatory clarity, technological advancement, and strategic partnerships in driving adoption. As XRP continues to evolve and integrate into the global financial system, it is poised to play a crucial role in shaping the future of finance
#xrp $XRP XRP ETF Could Gain Approval in 2025: Ripple Holders Await Lawsuit RulingThe cryptocurrency community is abuzz with speculation that an XRP Exchange-Traded Fund (ETF) could gain approval by 2025. This potential milestone comes as Ripple and its stakeholders eagerly await the outcome of a crucial lawsuit that could significantly impact the future of XRP and its standing in the financial world.The Path to ETF ApprovalThe approval of an XRP ETF would mark a significant step forward for the cryptocurrency, providing investors with a regulated and accessible way to gain exposure to XRP. ETFs are popular investment vehicles because they offer a straightforward method for traditional investors to enter the cryptocurrency market without directly purchasing and managing digital assets.
#xrp $XRP XRP ETF Could Gain Approval in 2025: Ripple Holders Await Lawsuit RulingThe cryptocurrency community is abuzz with speculation that an XRP Exchange-Traded Fund (ETF) could gain approval by 2025. This potential milestone comes as Ripple and its stakeholders eagerly await the outcome of a crucial lawsuit that could significantly impact the future of XRP and its standing in the financial world.The Path to ETF ApprovalThe approval of an XRP ETF would mark a significant step forward for the cryptocurrency, providing investors with a regulated and accessible way to gain exposure to XRP. ETFs are popular investment vehicles because they offer a straightforward method for traditional investors to enter the cryptocurrency market without directly purchasing and managing digital assets.
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