El equipo de Binance confirmĂł la filtraciĂłn. Aunque Binance no ha hecho un anuncio oficial, ya han surgido enlaces que brindan acceso temprano a Moonbix y han creado un gran entusiasmo entre los usuarios. El equipo de atenciĂłn al cliente de Binance admitiĂł que el juego se filtrĂł accidentalmente antes de su fecha de lanzamiento oficial.
Dijo el equipo de soporte de Binance en un comunicado en la plataforma de redes sociales. "Estamos satisfechos con la respuesta de la comunidad, pero estamos ajustando el producto para garantizar la mejor experiencia de usuario".
AdemĂĄs, el equipo se disculpĂł por la interrupciĂłn y afirmĂł que estaban manejando las situaciones de los usuarios afectados por la filtraciĂłn individualmente.
Binance planea lanzar oficialmente el juego pronto y advierte a los usuarios que tengan cuidado con las cuentas falsas. La compañĂa recomienda utilizar Ășnicamente los bots oficiales de Telegram y los canales de anuncios de Binance.
Russia and China Ditch US Dollar for Bilateral Trade
In a significant move, Russia and China have largely abandoned the US dollar for settling bilateral trade, opting instead for their national currencies. This development marks a major shift in global economic dynamics, underscoring the growing partnership between the two nations. De-Dollarization Achieved: According to Russian Foreign Minister Sergey Lavrov, over 90% of payments between Russia and China are now conducted in their respective national currencies, the Russian ruble (RUB) and the Chinese yuan (CNY). This remarkable achievement underscores the success of their de-dollarization efforts. Lavrov's Statement: Lavrov highlighted the robust growth of Russian-Chinese trade and economic cooperation, despite attempts by Western nations to hinder their progress. He emphasized: "Russian-Chinese trade and economic cooperation are actively developing, despite the persistent attempts of the states of the collective West to put a spoke in the wheels. There has been an almost complete de-dollarization of bilateral economic relations. Today, more than 90% of mutual payments have been transferred in our national currencies." Implications: This move has far-reaching implications, 1. Reduced US Influence: By ditching the dollar, Russia and China diminish US leverage in global trade and finance. 2. Increased Economic Independence: Both nations gain greater control over their economic transactions, reducing reliance on the dollar. 3. Promoting National Currencies: The ruble and yuan gain prominence, potentially challenging the dollar's dominance. 4. Strengthened Bilateral Ties: De-dollarization fosters deeper economic cooperation and mutual trust between Russia and China. 5. Global Economic Shift: This development may inspire other nations to explore alternative currencies, potentially reshaping global trade dynamics. Conclusion: Russia and China's decision to abandon the US dollar for bilateral trade marks a significant milestone in their economic partnership. As they continue to strengthen their ties, the global economic landscape may undergo a profound transformation, challenging traditional dollar dominance.
Echa un vistazo al miedo antes de la Ășltima gran subida del bitcoin en 2020, desde los 7 000 hasta literalmente los 69 000 en menos de un año.
El miedo estaba alrededor de 39 en junio de 2020. En julio de 2020 comenzĂł la tendencia alcista que durĂł hasta abril de 2021, cuando hubo una fuerte correcciĂłn.
AĂșn estamos en una fase temprana; es increĂble cuĂĄn lejos podemos llegar en este ciclo y cuĂĄnto tiempo puede mantenerse el mercado alcista. Nada ha comenzado realmente, amigos. Todo esto es parte del plan. Estamos en una etapa inicial.
No te pierdas las oportunidades de compra generacionales.
ÂżSe avecina una enorme carrera alcista? Experto afirma que Bitcoin (BTC) podrĂa alcanzar los 150.000 dĂłlares el prĂłximo año BTC $71,569.69 +0.39% TL;DR Pico previsto del mercado alcista: El comerciante veterano Peter Brandt pronostica que Bitcoin (BTC) podrĂa alcanzar un mĂĄximo de $130,000 a $150,000 a fines de agosto o principios de septiembre de 2025, siguiendo un patrĂłn de simetrĂa relacionado con los eventos de reducciĂłn a la mitad de Bitcoin. AnĂĄlisis del evento de reducciĂłn a la mitad: Tanto Brandt como el cofundador de Tether, William Quigley, enfatizan la importancia histĂłrica de los eventos de reducciĂłn a la mitad de Bitcoin, sugiriendo que el prĂłximo mĂĄximo histĂłrico podrĂa ocurrir alrededor de finales de 2025, y Quigley lo predijo justo antes del evento de reducciĂłn a la mitad. Opiniones de expertos e indicadores: Varios expertos, incluidos CryptoCon y PlanB, expresan optimismo sobre el futuro de Bitcoin, citando indicadores como MVRV y el modelo Stock-to-Flow, y señalando el aumento del precio de Bitcoin en marzo de 2024 como una señal positiva para un crecimiento continuo. El comerciante veterano Peter Brandt predice que el prĂłximo pico del mercado alcista de Bitcoin (BTC) podrĂa alcanzar los $150,000 a fines de agosto o principios de septiembre de 2025. Su anĂĄlisis, publicado en el sitio web de Brandt, destaca el notable patrĂłn de simetrĂa casi perfecta dentro de los ciclos alcistas pasados, especĂficamente relacionado con Eventos de reducciĂłn a la mitad de Bitcoin. El anĂĄlisis de Brandt se centra en los intervalos de tiempo desde el inicio de cada ciclo del mercado alcista hasta las fechas de reducciĂłn a la mitad. Los compara con los intervalos desde las fechas de reducciĂłn a la mitad hasta los mĂĄximos posteriores del mercado alcista. Si este patrĂłn persiste, el prĂłximo mĂĄximo del ciclo alcista deberĂa producirse a finales de agosto o principios de septiembre de 2025. #Binance
Para ganar millones en esta corrida alcista de las criptomonedas, solo necesitas una cosa: Y eso es ser RACIONAL. En serio. No dejes que este ciclo del bitcoin te haga hacer estupideces. Se producirĂĄn retrocesos. ÂżTendrĂĄs miedo y esperarĂĄs precios mĂĄs bajos? ÂżO aprovecharĂĄs la oportunidad y comprarĂĄs? Asimismo. Las bombas sucederĂĄn. ÂżSe dejarĂĄ llevar por la emociĂłn y esperarĂĄ precios mĂĄs altos? ÂżO se darĂĄ cuenta de sus ganancias y venderĂĄ? La decisiĂłn es tuya. Es asĂ de simple. #BullRun #Binance
đđđTether's Major Move: Acquires Majority Stake in Blackrock Neurotech
Tether, a prominent cryptocurrency company, has announced a significant investment of $200 million in Blackrock Neurotech, a leading U.S.-based brain implant company. This investment grants Tether a majority stake in Blackrock Neurotech, marking a strategic move into the field of brain-to-computer interfaces.
Blackrock Neurotech specializes in developing neural implants that enable individuals to control computers and prosthetic arms through brain signals, without the need for physical movement. It's important to note that Blackrock Neurotech is unrelated to the asset management firm BlackRock.
The deal, which underwent several months of due diligence and closed on Friday, values Blackrock Neurotech at approximately $350 million. With this investment, Tether becomes the largest shareholder in the company, according to Tether CEO Paolo Ardoino.
The $200 million infusion from Tether will primarily support the commercialization and deployment of Blackrock Neurotech's cutting-edge technology, which has already been successfully utilized by over 40 individuals.
In recent years, there has been growing interest in brain implants, with various companies, including Elon Musk's Neuralink, conducting human trials.
Tether, known for issuing a dollar-pegged cryptocurrency, has experienced significant growth in recent years, reaching $100 billion in circulation by March. The company asserts that its tokens are backed by dollar-denominated reserves.
With approximately $1.7 billion in venture capital investments to date, Tether has strategically diversified its portfolio across sectors such as sustainable energy, artificial intelligence, and peer-to-peer technology. The investment arm responsible for the Blackrock Neurotech deal, known as "Tether Evo," aims to advance humanity by merging technology with human capabilities in unprecedented ways.
Blackrock Neurotech has not yet responded to inquiries regarding the investment deal.
(Reporting by Elizabeth Howcroft; Editing by Michael Erman)
Prayers up for this legend đđż todayâs gon be a tough day for you but I wish you all the strength you need. CZ is one of the greatest to do this! He will be sentenced to jail today!
Alguien hizo alguna investigaciĂłn sobre Keep3rV1 (KP3R) ?? Actualmente estĂĄ 95% abajo de su ath, con un marketcap de 50 millones de dĂłlares. Si en este bullrun tan solo llegarĂĄ a su mĂĄximo histĂłrico?
đ YOU WILL LOSE ALL YOUR INVESTMENT! đ Unless You Understand The Psychology of the Crypto Market
Bitcoin hits $69k and the next halving is just 41 days away! đ
Experts predict a new bull run peaking in late 2025 - That is 12-18 months from the Halving in April 2024.đ°
Ready to ride the wave? I hate to state this but many are still going to f>ck this up.đ€· For real.
Let's break down the psychological phases:
đ PHASE 1 - Accumulation đ° During this phase, crypto Whales and OGs will have bought or be buying at discounted rates, new projects emerge, but skepticism lingers. To be clear, this was more like last year when $BTC was down to $15,000 and there was blood on the streets.
đ PHASE 2 - Momentum đ Here, as we are currently witnessing, prices climb, excitement builds, HODLers rejoice, FOMO kicks in, and altcoins surge.đđ»đ”
đ PHASE 3 - Euphoria/Excess đ Greed takes over, prices soar daily, mainstream attention, bizarre market behavior, scams alert! For the Noobs, when ever the Bitcoin Fear and Greed Index makes a reading of 90, begin to manage your crypto position. Be SMART or you wont seeđ the crash coming.
â€”ïž PHASE 4 - Massive Crash/Long Reeeeed candlesđđ â€”ïž Here, you will witness a massive downtrend. Prices crash, panic selling, media negativity, Whales and new investors exit, veterans buy the dip. Noobies are left holding the đ° for another two-three years -- the worst position to be in. DON'T DO THAT!
Tips for Success: â Invest wisely and patiently. â Dollar-cost average. â Take profits on the way up. â Diversify and avoid overexposure. â Be cautious of hype and scams. â Watch for market sentiment changes. â Hedge positions strategically. â Keep cash reserves for opportunities.
The coming months bring excitement, risks, and rewards. Navigate wisely, and you could be on your way to life-changing wealth in this crypto revolution! đđž #TrendingTopic #BTC #ETH #sol #SHIB >CryptoBullRun >Bitcoin <InvestWisely đ
Approximately 42 days remain until the Bitcoin Halving in April 2024
And ~60 days before the Halving, a Pre-Halving rally tends to occur (light blue)
History has repeated in this respect
Now, Bitcoin is approximately halfway through its Pre-Halving Rally phase
In anticipation of the Halving, investors "Buy the Hype" in an effort to "Sell the News"
Short-term traders and speculators "Buy The Hype" several weeks before the Halving in anticipation of making a profit from this hype-fuelled rally
Then these speculators "Sell The News" to realise that profit, contributing to a Pre-Halving retrace which occurs only a handful of weeks before the Halving event itself 2. Final Pre-Halving Retrace
After the Pre-Halving Rally has concluded...
A Pre-Halving retrace tends to occur a few weeks before the Halving event itself (dark blue circle)
In 2016, this Pre-Halving retrace was -38% deep
In 2020, this Pre-Halving retrace was -20% deep
This Pre-Halving retrace can last multiple weeks and up to 77 days 3. Post-Halving Re-Accumulation
The Pre-Halving retrace is followed by multi-month re-accumulation (red)
This period can last up to 150 days (i.e 5 months)
Many investors get shaken-out in this stage due to boredom, impatience, and disappointment with lack of major results in their BTC investment in the immediate aftermath of the Halving
4. Post-Halving Parabolic Uptrend
Once Bitcoin breaks out from the re-accumulation area breakout into the parabolic uptrend (green)
It is during this phase Bitcoin experiences accelerated growth on its way to new All Time Highs
This phase tend to last just over a year (~385 days) #TrendingTopic
Guide to 50 Potential Unicorns in the Hyper-Growth Cycle
Layer 1 (L1) Projects1. $INJ: Injective Protocol, a decentralized derivative exchange.2. $TIA: A new blockchain platform focusing on scalability.3. $MONAD: Offers unique solutions for blockchain efficiency.4. $SEI: Aims to revolutionize the L1 landscape with advanced tech.5. $KUJI: Kuji, a blockchain with innovative consensus mechanisms.6. $SUI: Sui, a next-gen blockchain for decentralized applications.Layer 2 (L2) Solutions7. $METIS: Enhancing Ethereum with faster, cheaper transactions.8. $OP: Optimism, an Ethereum L2 scaling solution.9. $ARB: Arbitrum, a leading Ethereum Layer 2 platform.Real World Assets (RWA)10. $IXS: Integrating physical assets with blockchain technology.11. $TRADE: Tokenizing real-world commodities for trading.12. $CPOOL: Connecting physical assets with digital finance.13. $SMT: Smart MFG, bringing manufacturing to the blockchain.14. $CFG: Centrifuge, bridging DeFi and real-world assets.Restaking Platforms15. $RSTK: Innovative staking solutions for higher yields.16. $EIGEN: EigenLayer, redefining blockchain staking.GameFi17. $PRIME: A leading platform in the gaming finance sector.18. $XAI: Combining AI and gaming for unique experiences.19. $IMX: Immutable X, focusing on NFTs and gaming.20. $CROWN: A new entrant in the blockchain gaming space.Decentralized Publishing (DePIN)21. $WNT: A platform for decentralized writing and content.22. $KREST: Focusing on content creation and distribution.23. $CUDOS: Cudos, a decentralized cloud computing platform.24. $RWN: A new platform for decentralized journalism.Artificial Intelligence (AI)25. $TAO: Tao Network, integrating AI with blockchain.26. $FET: Fetch.ai, at the forefront of AI and blockchain.27. $ARC: Arcblock, using AI to enhance blockchain utility.28. $AGI: SingularityNET, a decentralized AI platform.Bot Services29. $PAAL: A platform for automated crypto trading bots.30. $BANANA: Focusing on AI-driven trading strategies.31. $UNIBOT: A comprehensive bot service for crypto trading.Privacy-Oriented Projects32. $ROSE: Oasis Network, prioritizing privacy and scalability.33. $ZEPH: Zephyr, enhancing privacy in digital transactions.Decentralized Science (DeSci)34. $GENE: Focusing on blockchain solutions in genetics.35. $LAKE: Lakeview, a DeSci platform for data sharing.Bitcoin Finance (BTCfi)36. $MUBI: A platform bridging Bitcoin with DeFi.37. $MAP: Mapping the Bitcoin landscape in DeFi.38. $ALEX: Focused on bringing financial solutions to Bitcoin.39. $STX: Stacks, enabling smart contracts on Bitcoin.Liquidity Staking DeFi (LSDfi)40. $PENDLE: Innovating in yield tokenization.41. $OGV: Ogive, a new approach to DeFi liquidity.42. $FXS: Frax Share, part of the Frax Finance ecosystem.43. $LBR: LibraToken, focusing on stablecoin staking.Derivatives Platforms44. $MCB: MCB Finance, a leader in crypto derivatives.45. $AEVO: Aevolve, bringing innovation to crypto derivatives.46. $DYDX: dYdX, a decentralized platform for derivatives trading.Yield Optimization47. $MOZ: Mozik, optimizing yields in music and IP rights.48. $BIFI: Beefy Finance, known for multi-chain yield optimization.Key Takeaways:- Diverse Sectors: These projects cover various aspects of blockchain tech, from L1 solutions to GameFi.- Research Is Crucial: Before investing, delve into each project's specifics, technology, and roadmap.- Selective Investment: Choose projects aligning with your interests and understanding of the sector.- Manageable Portfolio: Maintain a portfolio size that's trackable and manageable.Remember, this list is a starting point for your research, not direct financial advice. Always perform your due diligence before investing.
Here Is The List Of Best Crypto To Invest in 2024Â đ„đ„đ
Cryptocurrencies have cemented themselves as a revolutionary new asset class, offering investors the chance to be part of the future of finance. As we enter 2024, the crypto landscape has evolved dramatically from the early days of Bitcoin.There are now thousands of cryptocurrencies, each trying to solve unique problems and capture value in our increasingly digital world.This extensive guide explores the top cryptocurrencies leading the pack going into 2024. These digital assets show strong potential for real-world adoption, have solid development teams behind them, and are spearheading innovation in blockchain technology.âą Bitcoin (BTC) â Digital gold and the leading global cryptocurrencyâą Ethereum (ETH) â The preeminent programmable blockchain for decentralized applicationsâą Solana (SOL) â High-performance blockchain focused on scalabilityâą Polkadot (DOT) â Next-gen multi-chain protocol for cross-blockchain transfersâą Cardano (ADA) â Academic research-driven blockchain optimized for sustainabilityâą Polygon (MATIC) â Scalability solution for building Ethereum-compatible chainsâą Uniswap (UNI) â The most popular decentralized crypto exchange protocolâą Chainlink (LINK) â Decentralized blockchain oracle network for external data sourcingâą Decentraland (MANA) â 3D virtual reality platform powered by Ethereum and cryptoâą Hedera Hashgraph (HBAR) â Enterprise-grade public ledger designed for performanceThis list captures established leading protocols like Bitcoin and Ethereum and younger networks like Solana and Polygon making waves. Spanning decentralized finance (DeFi), decentralized apps, crypto infrastructure plays, metaverse projects, and moreâthese top cryptocurrencies represent diverse sectors driving innovation.Bitcoin (BTC) â The Flagship CryptocurrencyBitcoin market cap:Â $380 billionInvestment thesis: Bitcoin is digital goldâa scarce digital asset with uncorrelated returns for diversification. The leading cryptocurrency with the longest track record and widespread familiarity/trust. Functions as a store of value, inflation hedge, and wealth preservation tool. Higher return potential than gold with a harder supply cap (fixed at 21 million BTC).Ethereum (ETH) â The Leading Programmable BlockchainEthereum market cap: $190 billionInvestment thesis: Ethereum is the leading programmable blockchainâhundreds of decentralized applications across DeFi, NFTs, games, and more are built on top of it. The network effects are immense, with Ethereum dominating developer activity, Total Value Locked (TVL), and end-user applications.Solana (SOL) â The High-Performance BlockchainSolana market cap: $11 billionInvestment thesis: Solana prioritizes scalability and rapid innovationâoffering DeFi and dApp developers a high-speed platform with low transaction costs. Ethereum congestion and gas fees often make solutions economically unviable, and Solana offers a user-friendly alternative.Polkadot (DOT) â The Interoperable MultichainPolkadot market cap: $5.5 billionInvestment thesis: Polkadot is a multifaceted blockchain connecting private/consortium chains, public networks, and oracles and enabling cross-chain transfers. The interoperability focus allows external chains to integrate easily with Polkadot while benefiting from shared security.Cardano (ADA) â The Sustainability-Focused BlockchainCardano market cap: $13.5 billionInvestment thesis: Cardano emphasizes research-driven engineering for maximum security, scalability, and long-term sustainability. An evidence-based approach ensures systematic improvements rather than reactionary problem-solvingâgiving Cardano the stability needed for large-scale adoption.Polygon (MATIC) â Scaling Ethereum TodayPolygon market cap: $8 billionInvestment thesis: Polygon provides an Ethereum scaling platform to build apps with low fees and fast transactions by leveraging Layer 2 sidechains. Instead of betting on uncertain Ethereum upgrades, Polygon offers a working scalability solution.Uniswap (UNI) â The Leading Decentralized ExchangeUniswap market cap: $5.8 billionInvestment thesis: Uniswap pioneered decentralized trading protocols and still leads the industry, providing liquidity for thousands of Ethereum token pairs. As DeFi adoption grows, decentralized exchanges like Uniswap will capture more trading volume from legacy platforms.Chainlink (LINK) â The Blockchain Oracle GiantChainlink market cap: $3.2 billionInvestment thesis: Chainlink has established itself as the industry-standard blockchain oracle solution for getting real-world data onto smart contract networks. With the shift towards a multi-chain future rather than winner-takes-all, Chainlink provides the connectivity layer between off-chain and on-chain worlds.Decentraland (MANA) â The Leading Metaverse CryptocurrencyDecentraland market cap: $1.2 billionInvestment thesis: Decentraland is the largest open metaverse platform where users can create scenes, play games, transact virtual assets, and more through customizable 3D avatars. With Microsoft, Adidas, and Atari buying virtual land, Decentraland is a bet on blockchain-powered digital worlds taking off.Hedera Hashgraph (HBAR) â The Enterprise-Facing BlockchainHedera Hashgraph market cap: $2 billionInvestment thesis: Hedera Hashgraph offers blazing fast performance and robust security while enabling enterprise needs like compliance, low transaction fees, and council node validation.With major corporations like Boeing, IBM, and LG already building on Hedera, it's a future-focused enterprise blockchain.Despite ongoing market volatility, the long term growth trajectory for cryptocurrencies and blockchain technology remains explosively positive. As crypto penetrates mainstream channels in the 2020s, decentralized networks will radically transform finance, technology, governance, and the internet.The top cryptocurrencies highlighted in this guide appear primed to capture tremendous value within their niches by serving user needs better than existing solutions constrained by legacy inefficiencies. Our methodology considered all dimensions influencing an assetâs likelihood of prosperity in 2024 and beyond.While risk factors always exist with early stage innovation, the projects covered have clear use cases, ample funding, strong teams, building user adoption, and communities rallying behind their visions.Monitoring their advancement promises to be an exciting ride towards mainstream adoption.CLAIM BEFORE IT ENDSđđš RED PACKET CODE đ BPAT2N1QJ9 đCLAIM NOW đš
Top 10 Layer-1 Crypto Projects With 10x Gains Potential in 2024
The post Top 10 Layer-1 Crypto Projects With 10x Gains Potential in 2024 appeared first on Coinpedia Fintech News
Layer-1 blockchains are like the powerhouses of the crypto world, providing the backbone for all the fantastic and innovative stuff happening in the digital currency realm. Think of them as the foundation upon which all those eye-catching digital assets and smart apps are built.Â
These chains are unique, each boasting its own set of rules (consensus mechanisms), ways to handle loads of transactions (scalability), and keeping things safe and sound (security).
Why Are These Layer-1 Chains a Big Deal?Â
Theyâre the playground for smart contracts â self-executing contracts that do the heavy lifting, following the code theyâre written in. This leads to the birth of decentralized applications (dApps) that run on a trustless mechanism.Â
It is huge because this means that anyone, anywhere, can use these apps for all sorts of things, from buying a coffee with crypto to securing essential data without any middleman.
Letâs name-drop some of the superstars in the Layer-1 league: Ethereum, the OG of smart contract wizards; Binance Coin, the speedster with its lightning-fast transactions; Cardano, the one known for its sustainability; Solana, super quick blockchain that recently got a pat on the back from Cathie Wood from ARK Invest; and Polkadot, the connector, linking different blockchains in a seamless web.
Why Do Crypto Investors Care About Layer-1?Â
Because Layer-1 coins arenât just tech marvels; theyâre golden tickets to the future of decentralized finance. Theyâre the engines driving a new world where technology, investment, and everyday life intersect.Â
For anyone looking to be part of the next big thing in the crypto universe, keeping an eye on these Layer-1 blockchains is like watching the all-stars of the digital economy in action.Â
Last 5 Years of GrowthÂ
The historic performance of Layer-1 blockchain coins has been a roller coaster of highs and lows but reflects an overall bull run.Â
The graph weâre looking at provides a snapshot of this dynamic journey, highlighting the growth trajectories of some of the top Layer-1 coins over the years leading up to 2024.
Bitcoin (BTC), often considered the original cryptocurrency, has shown a significant increase of 861.21%. Its performance sets a benchmark for the market, reflecting investor sentiment and broader market trends.Â
Ethereum (ETH), with a massive 1753.31% rise, showcases the explosive potential of Layer-1 platforms that support smart contracts and dApps. Its transition to Ethereum 2.0 could drive its substantial growth as investors anticipate improved scalability and efficiency.
Cardano (ADA) has seen a 955.69% increase, attributed to its methodical development approach and the gradual rollout of its capabilities, such as smart contracts and dApp support.Â
Solana (SOL), although facing a decline of 76% from its ATH, has still made a notable impact with its ultra-fast and low-cost transactions. Bringing a 65% growth since its inception, Solana appeals to developers and users within the DeFi and NFT spaces.
Lastly, Binance Coin (BNB) has grown 4507.28%, benefiting from the robust ecosystem of Binance, including its exchange, DEX, and smart chain functionalities. This growth underscores the advantage of integrated tokens with comprehensive and widely-used platforms.
These historic performances are not just numbers; they narrate the story of technological advancements, community support, investor confidence, and the ever-evolving landscape of the crypto industry.Â
Why Small Cap Layer-1 Coins Are Important?
Now that we have established that Layer-1 coins are the main event, let us explore which Layer-1 coins are worth investing in. Sure, Ethereum (ETH) and Binance Coin (BNB) are like the seasoned prosâestablished, reliable, and packed with features. But donât overlook the smaller cap players in the game, as they can be the next big thing, offering fresh opportunities for those willing to dive into the details.
Top Layer-1 Coins To Invest For 2024
EthereumÂ
Ethereum (ETH) has been at the forefront of blockchain evolution. With key milestones like The Merge in September 2022, which transitioned from proof-of-work to proof-of-stake, a giant leap towards sustainability and scalabilityââ. The Shanghai upgrade in April 2023 furthered this with staking withdrawals on the execution layer, enhancing the staking ecosystemââ.Â
Preceding these, the London upgrade in August 2021 reformed the transaction fee market with EIP-1559, a critical economic layer adjustmentââ. Each step reflects Ethereumâs commitment to continual growth, underpinning its leading position in the Layer-1 space.
Binance (BNB)
Binance Coin is central to the Binance Chain and Binance Smart Chain, facilitating fast transactions and low fees. Its ecosystem includes a range of services, from trading to decentralized finance.
Despite the recent scandal of criminal charges based on bending regulations, the BNB price takes a nose dive. Falling close to the bottom support of $200, the price of the Binance token projects a double-bottom reversal likelihood in the monthly chart.Â
The support level of $200 has led to multiple bounce-backs and teases another bullish comeback to $300. In the long term, the new altcoin season can drive the BNB coin price to an all-time high above the psychological barrier of $1000.Â
Cardano (ADA)
Cardano stands out for its research-driven approach and proof-of-stake mechanism. It aims to provide a balanced ecosystem with a strong focus on sustainability and interoperability.
Tracing down to $0.239, the ADA price bounces back and teases a trend reversal. Despite being at a discount of 87.52%, Cardano has the potential to surpass the all-time high measured in 2021. Therefore, investing in ADA at a discounted price can yield massive returns in the next bull run.Â
Solana (SOL)
Known for its impressive speeds and low transaction costs, Solanaâs blockchain hosts an ecosystem geared towards DeFi and NFTs, focusing on high throughput and efficient consensus mechanisms.
Forming a rounding bottom pattern in the monthly chart, the trend reversal in the SOL price is ready to restart a climb to its pinnacle. The remarkable high-speed reversal in the last few weeks has increased the interests of institutional investors.Â
As per the Fibonacci levels, the SOL price can reach the $350 mark to form a new all-time high next year.Â
Polkadot (DOT)
Polkadot introduces a sharded multichain network that can process multiple transactions on several chains in parallel. Itâs designed to facilitate a Web 3.0 ecosystem, allowing different blockchains to interoperate.
Being an underdog in the group of Layer-1 blockchains, the Polkadot ecosystem has the potential to make it big in the next run. At a low of $5.28 at press time, the DOT price can create history just like Bitcoin to form a new all-time high post-2024 halving.Â
A turnaround from the $5 mark will initiate a bull run to reclaim the lost levels and potentially surpass the $50 mark.Â
Avalanche (AVAX)
Avalanche prides itself on its rapid transaction finality. Its ecosystem is designed for decentralized applications and custom blockchain networks, focusing on speed and low fees.
Taking a sharp bullish turnaround with an 87% return this month, the AVAX price is on a roll to restart the uptrend. Avalanche networkâs growth and the overall market recovery, the AVAX price is set to regain the uptrend and achieve the lost levels of triple digits. Â
Algorand (ALGO)
Algorandâs blockchain is designed to achieve speed, security, and decentralization, all with a pure proof-of-stake protocol. It supports a wide range of applications, including financial tools and services.
Algorand, MIT professor Silvio Micaliâs brainchild, remains the crypto industryâs dark horse. With the backing of someone at MIT and a powerful and pure proof of stake consensus mechanism, the ALGO price can skyrocket again.Â
Further, the Monthly chart shows a bullish trend reversal in the last few months; the ALGO price is ready to head higher. The MACD indicator shows a bullish crossover and teases a new uptrend. Therefore, the ALGO price trend shows the potential to reach double-digit market prices in the coming times.Â
Tezos (XTZ)
Tezos focuses on key features like on-chain governance and self-amendment to avoid hard forks. Its ecosystem is growing in DeFi, NFTs, and tokenized assets.
With a bullish crossover in the MACD indicator, the XTZ price is turning in the monthly charts. The Tezos token shows another bullish attempt to reverse the long-term trend with a double-bottom reversal. Moreover, the double bottom seems repetitive in the altcoins, which supports a turnaround.Â
Cosmos (ATOM)
Cosmos is often called the âInternet of Blockchains,â aiming to create a network of interoperable blockchains. It supports a robust ecosystem for a variety of decentralized applications and services.
With a second retest of the $6.69 support levels, the turnaround with a morning star pattern teases a jump to $15. Moreover, the ATOM coin price sustains the double bottom streak visible in the other layer-1 coins, reflecting a sectoral bullish reversal coming closer.Â
As per the Fibonacci levels, the trend reversal in the ATOM coin can reach the market price of $50.
NEAR Protocol (NEAR)
NEAR Protocol emphasizes user and developer friendliness with a sharded, proof-of-stake blockchain. Itâs building an ecosystem thatâs accessible and scalable, supporting applications like DeFi, NFTs, and more.
Keeping a declining trend, the short-term reversal in the NEAR price prepares to ignite a new bullish phase that comes with a MACD crossover. Following the reversal, the NEAR price giving the $15 breakout will signal a new uptrend with the potential to surpass the all-time high of $46.Â
Conclusion
In conclusion, the Layer-1 blockchain sphere is a vibrant, ever-evolving landscape ripe with opportunity. From Ethereumâs groundbreaking shift to a proof-of-stake consensus with Ethereum 2.0 to Binance Coinâs resilience amidst regulatory challenges, these platforms underscore the innovative spirit of the crypto world.Â
Cardanoâs commitment to sustainability and Solanaâs high-speed capabilities exemplify the diversity of solutions these chains offer. As we journey through the decentralized realms of Polkadot, Avalanche, Algorand, Tezos, Cosmos, and NEAR Protocol, each ecosystem presents unique possibilities and the promise of growth.
For crypto investors and enthusiasts, these Layer-1 blockchains are not just investment avenues; theyâre the architects of a new digital economy, beckoning a future where finance is democratized and innovation knows no bounds. Keep an eye on these titans and underdogs, for they hold the keys to cryptoâs kingdom.
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