Aside from AVAX, several other alts have jumped a lot in the past 24 hours, including BNB, ADA, and DOT.Bitcoin’s price struggles continued in the past 24 hours as the asset slumped to just over $40,000 but managed to recover roughly two grand since then.Most altcoins are in a similar position, but some have skyrocketed quite a bit within the past day or so. In the case of Avalanche, the asset has only doubled down on its recent momentum.BTC Back to $42KThe primary cryptocurrency went through a highly volatile and positive week at the start of December, which drove it from under $38,000 to a multi-month peak at $44,700. The culmination came on Saturday, when BTC went inches away from tapping $45,000 for the first time since May 2022.However, the bears finally emerged on the scene and didn’t allow any further increases. Just the opposite, bitcoin remained relatively still during the rest of the weekend but started to lose value quite rapidly on Monday.This resulted in a price dump of under $41,000 for the first time in a week. After a brief recovery, BTC headed south once again and slumped to an 8-day low of $40,250 (on Bitstamp).Nevertheless, the asset managed to bounce off and currently sits close to $42,000 once again. Its market capitalization has returned to $820 billion, but its dominance over the alts has taken a major hit and is now under 52%.AVAX on a RollMost alternative coins dumped just as hard as BTC yesterday, if not more. Today, though, the landscape for some is quite different.Binance Coin, Cardano, and Polkadot have soared by about 6% each to $250, $0.59, and $7.1, respectively. Avalanche stands in a league of its own with another 14% surge. AVAX is up by more than 80% over the past week or so and now trades at just over $40.While SOL is also in the green from the larger-cap alts, ETH, XRP, DOGE, TRX, and LINK have posted minor losses.The total crypto market cap has recovered around $20 billion from yesterday’s low but is still below $1.6 trillion.El Salvador’s Bitcoin “volcano bonds” are set to be launched in early 2024 following reported regulatory approval.The National Bitcoin Office (ONBTC) announced on Dec. 11 that the bonds had received approval from El Salvador’s Digital Assets Commission, with a planned release in Q1 of 2024.The bonds, with a ten-year duration, offer an annual return of 6.5% to investors.President Nayib Bukele, a vocal advocate of Bitcoin, echoed this development in an X post captioned “Wen volcano bond,” and additionally shared multiple posts indicating the issuance of the bonds in Q1 2024.The so-called “volcano bonds” initiative was unveiled by Bukele in November 2021, shortly after he passed a law recognizing Bitcoin (BTC) as legal tender in the country.These bonds aim to alleviate sovereign debt and finance the construction of the country’s proposed “Bitcoin City.”The ONBTC also noted that the bond would be issued on the Bitfinex Securities Platform, a blockchain-based trading platform for equities and bonds registered in El Salvador.The introduction of these bonds marks a significant step towards establishing Bitcoin-centric capital markets in the nation.El Salvador recently embarked on a $1 billion Bitcoin mining venture, utilizing a 241-megawatt capacity powered by the country’s volcanic energy. This project is a collaboration with Luxor Technology and will be fueled by the Conchagua volcano, which plays a central role in the nation’s cryptocurrency mining activities.Additionally, the country has recently launched the “Freedom VISA” program, which offers residency to individuals investing a minimum of $1 million in Bitcoin or tether (USDT) stablecoins. This initiative is capped at 1,000 people annually and represents another significant step in El Salvador’s embrace of digital currencies.#BTC #USDT #AVAX #ETH

Terra Luna Classic (LUNC) Reaches 85 Billion LUNC Burn MilestoneAlmost 43.6 billion LUNC, or more than 51% have come from Binance.There is a total supply of 6.82 trillion LUNC, with 5.83 trillion tokens already in circulation.From May 18, 2022, till the present, the Terra Luna Classic community has burned 85 billion LUNC. The community’s efforts to decrease the amount of LUNC circulating have reached another milestone. Almost 43.6 billion LUNC, or more than 51% of the total LUNC burnt thus far, have come from Binance.There is a total supply of 6.82 trillion LUNC, with 5.83 trillion tokens already in circulation. Nonetheless, in order to raise the LUNC burn rate, the community must continue to enhance usefulness.Following Do Kwon’s separation of the chain from TFL, Terra Luna Classic is overseen by developers accepted by the community, trustworthy validators, and members. Binance sends billions of LUNC to the burn address monthly, and the community burns an average of 200 million LUNC every week.For the sixteenth round of the LUNC burn, which took place on December 1st, Binance burned around 4 billion LUNC tokens. After Binance and other exchanges introduced USTC perpetual contracts and put out new USTC and LUNC pairings, LUNC spot and margin trading volumes rose, contributing to the enormous burn.Significant UpgradeIn order to fix the sequence mismatch problem that affected several validators when the dyncomm module was introduced, core developer L1TF of Terra Luna Classic has finished the v2.3.2 upgrade. Validators are again up and running, interacting with the Terra Classic chain as before.Around 12:38 UTC on December 8, the Terra Classic upgrade was carried out in order to deliver Terrad Client v2.3.2. This occurred at block 15751600. To make it easier for validators and node operators to apply modifications when the chain automatically halts, core developer L1TF revised the proposal to be an upgrade.Disclosure:This content does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.#LUNA #BinanceTournament #DYOR🟢 #crypto2023 #TerraLunaClassic

Amidst a very bullish period for the majority of assets in the cryptocurrency market, Terra Classic (LUNC) has stood out, but the data compiled by the artificial intelligence (AI) platform ChatGPT suggests that a reversal of its fortunes could be in store at the beginning of the new year.
Indeed, Finbold has asked ChatGPT-4, the most recent model of the OpenAI brainchild, for insights on the price of Terra Classic at the start of 2024, taking into account trends, expert opinions, and technical indicators, and it has delivered an answer from the viewpoint of December 5.
What ChatGPT sees for LUNC
As it happens, the AI platform has predicted that the price of LUNC could end up somewhere in the projected range of a minimum price of $0.000096 (which would represent a decrease of 60.49% to its current price), an average of $0.000118 (down 51.44%), and a maximum price of $0.00014 (down 42.38%). 
Specifically, as it explained:
“Using the current price as a reference, and assuming the absence of any major market shock or significant project-specific developments (positive or negative), the price of LUNC could be expected to fall somewhere in this projected range at the beginning of 2024.”
According to ChatGPT, it has taken into account factors including price action, sentiment, technical analysis (TA) indicators such as moving averages (MA), relative strength index (RSI), and moving average convergence divergence (MACD), as well as fundamental developments, and regulatory climate.
Terra Classic price analysis
As things stand, LUNC was at press time trading at the price of $0.000243, which suggests a modest increase of 0.57% on the day but an impressive advance of 157.55% on its weekly chart, adding up to its previous gains that have accumulated to 270.68% in the last month alone.

Terra Classic 30-day price chart. Source: Finbold
That said, LUNC could, in fact, drop to the price within the range shared by ChatGPT, particularly in light of the ongoing fraud lawsuit against Terraform Labs and its former CEO, Do Kwon, and the recent news of his possible extradition from Montenegro to either South Korea or the United States.
Disclosure:
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#LUNCPricePrediction #BinanceTournament #crypto2023 #TerraLunaClassic

#Write2Earn

Terra tokens experienced a remarkable 30-day surge, with LUNC price soaring by over 325% to reach a peak of $0.00028000.On December 3, 2023, the LUNC chart reveals a golden cross, bolstering investor confidence and signaling a favorable period for LUNC.Terra Classic faces a decline in price following the announcement of founder Do Kwon's extradition to the US, where he will confront criminal charges.According to Coingabbar Technical Analysis, Terra Classic's upward momentum is supported by a rounding bottom pattern, reinforcing its current rally.Despite a 9-day consecutive rally, concerns arise as profit booking occurs, leading to three consecutive red candles and a 28% drop in the altcoin's value.Bulls struggle to maintain control as the LUNC price succumbs to a bearish influence, following a failure to hold a key level.The November rally in Terra Classic (LUNC) sees a cooldown on December 4, with an ongoing pullback occurring within a descending channel.LUNC appears poised for a breakout from a descending triangle pattern on the 4-hour chart.A sustained pullback could lead to a retest of a two-week-long ascending trendline, presenting an opportunity for bulls to seek a reversal.If the price remains above the $0.000250 support level, momentum may resume, targeting a resistance level of $0.0002800, and potentially, $0.0003200.Conversely, increased bearish influence could drive the LUNC price down to test the $0.0001950 support level. Further dominance by bears may lead to a test of the lower support level at $0.0001550 in the future.KEY LEVELS :RESISTANCE LEVEL : $0.00021400-$0.00022500SUPPORT LEVEL : $0.00019500-$0.00018000Disclaimer:Crypto is not regulated and can offer considerable risks. There may be no regulatory remedies available in the event of any losses resulting from price analysis. As a result, before engaging in any transactions involving crypto products, each investor must perform in-depth examination or seek independent advice.This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.#LUNCPricePrediction #BinanceTournament #dyor #crypto2023 #TerraLunaClassic

A Bitcoin (BTC) whale was spotted recording massive profits in an expert-level series of trades, on-chain data shows.
As reported by blockchain tracking firm Lookonchain, a Bitcoin address beginning with 37BnFf began a series of swing trades starting in late 2022, buying aggressively throughout this year and selling only in April and early December.
After the latest round of profit taking, Lookonchain says the whale sent $62.9 million to crypto exchange Binance.
“This smart whale is very good at buying BTC at price lows and selling at highs.
He/she deposited 1,449 BTC ($62.9 million) to Binance 50 minutes ago and has 1,455 BTC ($63.16 million) left, with a total profit of ~$65 million.
The last time he/she dumped BTC was on Apr 16, at its price peak.”

Lookonchain spotted another Bitcoin whale with a similar strategy of buying BTC dips and only selling at a few opportune times this year. After $23 million in profits, the massive Bitcoin whale deposited over $132 million worth of BTC into Binance, the firm says.
“A smart whale deposited 3,000 BTC ($132.7 million) to Binance today, making ~$23 million.
This whale has traded BTC 3 times in the past year, he/she bought BTC at price lows and sold at highs each time.
The total profit is ~$61 million and the win rate is 100%.”

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#BTC #BTCto40k #BinanceTrends #BTC/Update: #BTC.price.surpassed
$BTC $ETH $BNB

The cryptocurrency market never ceases to amaze, with the FTX Token (FTT) recently rallying a whopping 230% in the span of 30 days. This remarkable surge has left many investors and traders questioning whether it’s time to buy back into the FTX exchange or if there’s a better option out there, like investing in a community-driven exchange such as Pullix.io.
FTX Token (FTT) Makes a Striking Comeback
FTX Token’s rapid price escalation follows the potential news of FTX considering reopening its doors. The attorneys from Sullivan & Cromwell shared in a court hearing that FTX, navigating through bankruptcy, might let creditors convert their holdings into a stake in a new version of the exchange. This news spurred a significant price rally for FTX Token, more than doubling in value and injecting a dose of optimism into the token’s future.
Following this revelation, the token surged to $4.17, marking a staggering 230.34% increase in just one month. This impressive monthly performance has put the token on a 212.87% rise over the past year.
The FTX Token’s sharp increase comes amid revelations of FTX’s potential revival. The exchange, currently navigating bankruptcy proceedings, has hinted at allowing creditors to convert holdings into stakes in a reimagined platform. This news propelled the FTX Token’s value to more than double, igniting a flurry of market activity as traders reassess the FTX Token’s future viability.
Recovering from its spectacular collapse, FTX has made headway in asset recovery, with its attorneys announcing a jump from $1.9 billion to $7.3 billion in liquid assets. Despite this progress, the exchange is clear that it remains a long way from any equity distribution. Yet, FTX Token’s price movement is a strong indicator of the market’s reaction to the possibility of FTX’s comeback, with FTX Token investors eagerly watching the developments.
Is Pullix.io: A Viable Alternative?
In light of FTX Token’s surge, investors are exploring alternatives like Pullix, a community-driven exchange paving the way for a new era in TradeFi. Pullix.io stands out with its innovative token burn feature, aiming to reduce the total supply of its native token, PLX, to enhance its value. This feature, along with the promise of daily revenue sharing with PLX holders, positions Pullix.io as an attractive investment compared to the uncertainty surrounding FTX Token.
Pullix.io’s approach offers a stark contrast to the traditional exchange model. It provides investors with a sense of security and belonging, with its model ensuring that every PLX holder has a stake in the platform’s success. As Pullix prepares for its launch, the excitement around its community-focused model could very well position PLX as a smart investment choice, particularly for those wary of the turbulence surrounding FTX Token.
With FTX Token’s recent performance and the potential of Pullix.io, investors face a choice: take a chance on FTX Token’s newfound momentum or opt for the community-oriented, innovative platform that Pullix.io promises to be.

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#FTXRevival #FTX's #FTXUpdate #topnews #TopCryptoNews

New memecoin Bonk saw a 300% price return in the first 8 days, compared to 141 days for Shiba Inu and 1,253 days for Dogecoin
New Solana-based memecoin Bonk (BONK) has seen exponential growth since its launch on December 25, 2022, quickly surpassing 300% price return in the first 8 days – more specifically, achieving a 305.8% price return on January 2, 2023. Compared to popular memecoin Shiba Inu (SHIB), 141 days were taken to exceed the same threshold, since its launch in August 2020. Bonk’s phenomenal growth is further contrasted with that of the first-ever memecoin Dogecoin (DOGE) launched in 2013, where 1,253 days lapsed before DOGE went beyond the 300% price return threshold.
Within 11 days from its launch, Bonk’s price peaked and hit an all-time high of $0.00000487 on January 5, 2023, and saw a gain of 3,649%, a 36X increase in value. BONK crossed $200 million in market capitalization that same day, peaking at a market cap of $204,964,399 before dropping to around $82 million on January 7, and subsequently sliding to $62 million.
Bonk’s launch strategy, which involved airdropping 50% of its total supply to a wide base of Solana users, drove its price spike
Bonk’s launch involved airdrops in multiple stages. First announced in a tweet on December 10, 2022 and in their one-pager, 20% of BONK’s supply was to be airdropped to holders of 40 Solana NFT collections – some notable ones include y00ts, Solana Monkey Business, and Degen Ape Academy.
Subsequently, 15% of its total supply were airdropped to early openbook traders, 10% to Solana artists and collectors and finally 5% to developers of the Solana blockchain. To sum, the airdrop made up 50% of its total supply of 100 trillion coins, resulting in a high market capitalization days upon launch and generated buzz on crypto Twitter, which further hyped up demand.
Bonk’s airdrop tactic greatly contrasts Shiba Inu’s infamous SHIB token airdrop in August 2020. SHIB’s anonymous creator, Ryoshi first locked 50% of total token supply in Uniswap to ensure liquidity, and then sent the remaining 50% of all tokens to Ethereum co-founder, Vitalik Buterin’s ERC-20 wallet. Unexpectedly, Vitalik burned 90% of the tokens received, and donated the remaining 10% to charity.
Bonk’s phenomenal growth contributed to Solana’s 63% price pump
The financial impact of FTX’s collapse extended to Solana, given that the now-defunct cryptocurrency exchange owned large sums of Solana’s native token, SOL. With multiple projects abandoning the Solana ecosystem, SOL has been on a downward trend since.
Yet, with Bonk creators setting out to flip the toxic ‘Alameda’ tokenomics narrative through the Solana-based memecoin, SOL has seen a resurgence in recent days, attributed to BONK’s phenomenal growth that coincided with a short squeeze happening in the same period. Its price has jumped 63.5%, from $9.97 on January 2 to $16.30 on January 10, 2023.
What is Bonk?
Bonk (BONK) is the first dog-themed memecoin of the Solana blockchain and described as ‘for the people, by the people.’ Created entirely for fun, Bonk has little or no real-world utility. Since its launch, the Bonk team has burned 5 trillion BONK tokens, equivalent to 5% of its total supply, allocated for team development, and has just launched 15,000 non-fungible tokens (NFTs) on Magic Eden, on Tuesday January 10, 2023.

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#BONK #SOLInnovation #MemeCoinCraze #Memepool #TopCryptoNews
$BTC $ETH $SOL

Charles Hoskinson, the founder of the decentralized finance (DeFI) platform Cardano (ADA), has challenged the prevailing narrative by asserting that the cryptocurrency industry no longer depends on Bitcoin (BTC) for survival. 
Hoskinson, a prominent figure in the blockchain space, argued that while Bitcoin played a crucial role in establishing the industry, it has become dispensable as newer technologies and digital assets emerge, he said during an interview with Cointelegraph AR on December 7. 
He acknowledged Bitcoin’s historical significance, stating it is crucial to have a digital asset with the reputation of digital gold. 
“Bitcoin needs the industry to survive and sure as hell needs the exchanges and all the other infrastructure because it’s not self-sufficient in that dimension. But, the industry doesn’t need Bitcoin anymore to survive. It’s nice to have a digital asset like Bitcoin with that reputation and digital gold,” Hoskinson said. 
The need for Bitcoin to adapt new technologies 
Drawing parallels with past technological shifts, Hoskinson pointed to Microsoft’s (NASDAQ: MSFT) experience with Windows. He noted that despite once being considered invincible, Windows lost its dominance as the industry shifted towards mobile devices. He warned that Bitcoin could face a similar fate if it fails to adapt to changing dynamics and technological advancements.
Furthermore, Hoskinson challenged the Bitcoin ecosystem to embrace innovation and consider a roadmap that allows it to remain competitive with other blockchain platforms.
“Bitcoin could create a roadmap where it could be competitive with Ethereum or other things. It’s their (Bitcoin community) decision as an ecosystem to go down that road. I don’t think the culture will let them do that,” he added. 
The executive recounted Cardano’s efforts to encourage innovation, citing initiatives such as non-interactive Proof-of-Work (PoW) and protocols. He highlighted how Cardano integrated ideas from the early 2010s, including smart contracts and asset issuance, into its design to introduce an alternative in the digital currency space.
In the meantime, Bitcoin is still searching for a new all-time high after failing to sustain gains above the $44,000 mark. By press time, the maiden crypto was valued at $43,724 with weekly gains of over 10%.

Deep-pocketed crypto investors are suddenly moving hundreds of millions of dollars worth of Bitcoin (BTC), Ethereum (ETH), and other altcoins.
According to new data from whale-surveying platform Whale Alert, high-net-worth traders have shifted about $644 million worth of the top digital asset by market cap to and from exchange platforms and crypto wallets.
The Bitcoin transactions on Whale Alert’s radar include:
4,535 BTC worth $198,031,859 transferred from one unknown wallet to another unknown wallet.829 BTC worth $35,918,171 transferred from CashApp to an unknown new wallet.7,239 BTC worth $313,534,431 transferred from an unknown wallet to another unknown wallet.1,118 BTC worth $48,467,632 transferred from crypto exchange Coinbase to an unknown new wallet.1,127 BTC worth $48,828,327 transferred from an unknown wallet to crypto exchange Binance.
Bitcoin is trading for $43,865 at time of writing, a fractional increase on the day.
The other transactions noticed by Whale Alert include top smart contract platform ETH, its biggest rival Solana (SOL), the popular meme asset Dogecoin (DOGE), and XRP, the virtual currency associated with payments platform Ripple Labs.]
The altcoin transactions on Whale Alert’s radar include:
16,778 ETH worth $39,351,215 transferred from an unknown wallet to Coinbase.10,000 ETH worth $23,506,565 transferred from crypto exchange Bitfinex to an unknown new wallet.50,000 ETH worth $117,138,528 transferred from DeFi platform BitDao to an unknown wallet.150,000 SOL worth $10,187,490 transferred from an unknown wallet to Binance.149,998 SOL worth $10,960,648 transferred from an unknown wallet to Binance.24,000,000 XRP worth $15,187,390 transferred from an unknown wallet to crypto exchange Bitso.22,800,000 XRP worth $14,429,636 transferred from an unknown wallet to crypto exchange Bitstamp.64,746,017 DOGE worth $6,127,419 transferred from an unknown wallet to Coinbase.
Ethereum is trading for $2,354 at time of writing while DOGE, SOL, and XRP are moving for $0.098, $72..87, and $0.664, respectively.

Ethereum Classic (ETC) faced challenges on social media, impacting investor sentiment. In contrast, Filecoin (FIL) garnered attention with a recent community event. Investors are shifting focus to BorroeFinance (ROE), recognizing its intent to reshape web3 fundraising. 
ETC executive responds to X suspension
The official Ethereum Classic X account, @eth-classic, was recently suspended. 
In response, Ethereum Classic‘s executive director, Bob Summerville, stated that no clear reason was provided. He speculated it may have been an erroneous automated action.
Due to the temporary loss of its social media presence, ETC saw muted price gains in November 2023.
On Nov. 6, ETC was trading at $18.47, rising to $20.23 by Dec. 6.
As a fork of Ethereum, analysts suggest ETC could see further gains should the speculated SEC approval of an Ethereum ETF materialize in Q1 2024. 
BorroeFinance presale ongoing
BorroeFinance is a decentralized AI-based fundraising marketplace that utilizes invoice discounting NFTs to transform how web3 businesses raise capital. 
The platform allows businesses to tokenize their future income streams, including subscriptions, invoices, and royalties, into NFTs and sell them at discounted prices. 
This approach enables businesses to access early-stage funding while also allowing investors to earn passive income from the underlying assets.
BorroeFinance has raised over $1.8 million in the ongoing presale.
Presently, ROE is available for $0.0175 but will list at $0.040 once the presale ends in 2024. 
Filecoin Web Carnival Night held in Istanbul
On Nov. 15, The Future of Filecoin in Web3 Carnival Night took place at the Swissotel in Istanbul, Turkey, drawing attendance from prominent crypto experts and DeFi companies, including Filecoin Foundation’s Clara Tsao and Protocol Labs’ Colin Evra.
In related developments, SINSO recently constructed web3 middleware for Filecoin’s ecosystem. Experts believe this infrastructure will contribute to Filecoin’s data governance objectives.
Throughout November, FIL was bullish, starting at $4.32 on Nov. 6 and reaching $4.70 by Dec. 6, marking an 8.26% gain. 
However, analysts are pessimistic about FIL’s prospects, citing declining investor interest. 
They expect the coin to trade at $5.90 by 2024.
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Table of ContentsScapesMania: A Rising Star in the Crypto WorldWhat is a Presale?Is ScapesMania Going to Be the Hottest Altcoin of 2023 and Beyond?Cardano (ADA): A Robust Platform Poised for GrowthLitecoin (LTC): Gaining Traction in Mainstream CommerceOptimism (OP): Navigating Community and Funding DynamicsRender (RNDR): Capitalizing on AI and Market GrowthPolkadot (DOT): Forging New Paths in Digital LogisticsConclusionThe post Top Undervalued Cryptocurrencies With High Growth Potential appeared first on Coinpedia Fintech NewsThe current crypto market is experiencing a dynamic shift, with Ether (ETH) and Solana (SOL) reaching 19-month highs, while Bitcoin’s rally shows signs of slowing down. Amidst this landscape, cryptocurrencies like Cardano (ADA), Litecoin (LTC), Optimism (OP), Render (RNDR), Polkadot (DOT), and the emerging ScapesMania are gaining attention as potentially undervalued assets with significant growth prospects. This analysis delves into their unique features, current market status, and future potential, offering a comprehensive view of these promising digital assets.Although some of the above-mentioned assets might currently be experiencing growth, it’s nothing compared to the returns traders are likely to achieve in the long run. To that end, investing in coins that are largely undervalued is a great way to capitalize on their nascent rallies while also positioning yourself for future upside, as many of these coins will likely scale up to become industry leaders.ScapesMania: A Rising Star in the Crypto WorldScapesMania has rapidly become a synonym for originality in the relatively new cryptocurrency market. ScapesMania stands out from the crowd of underrated altcoins and well-established crypto titans because of its innovative revenue streams and meteoric rise in its presale.Backed by an award-winning team, ScapesMania is all about safety, having successfully passed audits by top-tier security labs. With a presence on key exchanges on the horizon, ScapesMania is poised for visibility and liquidity, which are going to fuel its growth.What is a Presale?The purpose of a crypto presale is to provide interested parties a chance to learn about and perhaps buy a new coin before it is officially released and listed on online trading platforms. Plus, it’s a great way to acquire tokens at a much lower price than they will be once the project goes live.The current ScapesMania presale is gathering steam by the day, giving traders a small window of opportunity to leverage this token while it is still in its initial stages. Joining the presale enables you to save significantly as ScapesMania is expected to surge in value upon listing. Such offers don’t last long – as the clock is ticking, the opportunity to acquire discounted ScapesMania tokens is slipping away.Is ScapesMania Going to Be the Hottest Altcoin of 2023 and Beyond?Several factors point to ScapesMania being the most promising new cryptocurrency of 2023:Innovative Mechanisms: ScapesMania allows crypto-savvy people to benefit from the multi-billion gaming industry;Straightforward Tokenomics: The project’s tokenomics are cutting-edge and simple to understand since they avoid any ambiguity;Rising Presale Numbers: ScapesMania’s impressive presale statistics indicate that it is gaining significant traction in the crypto world.If you’re already on board with everything that ScapesMania has to offer, there’s a unique opportunity for you. The limited-time offer is only valid for a limited time since the article’s publication. It’s your best chance to get a bonus of 10% after entering in a special field at checkout, so act fast, the clock is ticking.Cardano (ADA): A Robust Platform Poised for GrowthCardano (ADA) recently received a significant update in its wallet system, indicating a strong focus on technological advancement and user experience. This update is expected to enhance the platform’s functionality and attract more users, contributing to its growth.Although Cardano (ADA) has experienced some fluctuations, the market sentiment remains positive. The platform’s continuous improvements and strong community support suggest a stable price trend in the near future.Cardano (ADA) future looks promising due to its robust technology and growing adoption. However, it faces competition from other blockchain platforms, which could impact its price. A balanced approach suggests a potential increase in Cardano (ADA) value, with careful consideration of market dynamics.Litecoin (LTC): Gaining Traction in Mainstream CommerceLitecoin (LTC) has recently been accepted for Microsoft payments, a significant milestone indicating its growing acceptance and utility. This development could lead to increased usage and demand for Litecoin (LTC).Litecoin (LTC) price may see a positive impact from this development, as acceptance by a major corporation like Microsoft adds credibility and potential for wider adoption.The future for Litecoin (LTC) looks bright with this new partnership. However, it must navigate the competitive landscape of cryptocurrencies and maintain its technological edge to sustain growth.Optimism (OP): Navigating Community and Funding DynamicsOptimism (OP) is currently facing debates over public goods funding to VC-backed projects. This situation reflects the community’s active involvement in governance, which is crucial for a decentralized platform.The outcome of these debates could influence Optimism (OP) market perception, potentially impacting its price. A resolution favouring community interests might boost investor confidence.Optimism (OP) future depends on how it balances community interests with growth strategies. Effective governance and resolution of current issues could lead to a positive price trajectory.Render (RNDR): Capitalizing on AI and Market GrowthRender (RNDR) has shown exceptional growth in Q3, with a 22% rise in price within a week. This growth is attributed to increased demand and network activity.Render (RNDR) price has risen notably, reaching a 22-month high. However, indicators suggest that there may be limited room for further immediate price increases.Render (RNDR) innovative approach in AI and blockchain positions it for further growth. However, it must navigate market volatility and maintain its technological edge to sustain this growth.Polkadot (DOT): Forging New Paths in Digital LogisticsPolkadot (DOT) blockchain, Kilt, has been chosen by Deloitte for digital shipping logistics, showcasing its applicability in real-world scenarios and potential for broader adoption.This collaboration could positively impact Polkadot (DOT) market value, as it demonstrates the practical utility of its technology in significant industries.Polkadot (DOT) future price will likely be influenced by its ability to secure more such partnerships and prove the efficacy of its technology in diverse sectors.ConclusionThe cryptocurrencies discussed here – Cardano (ADA), Litecoin (LTC), Optimism (OP), Render (RNDR), Polkadot (DOT), and ScapesMania – each have unique features and challenges. Their future in the crypto market will be shaped by their ability to innovate, adapt to market conditions, and meet investor expectations. As of right now, it seems like it’s going to be ScapesMania that may ultimately prevail. Among the underrated altcoins, it does seem like the most well-positioned to make the biggest difference in the near future.Disclosure:This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.#BinanceTournament #BTC #cryptocurreny #DOT #ltc

CZ will transfer his voting shares to a proxy, the U.S. affiliate of the global exchange said.
Binance founder and former CEO Changpeng 'CZ" Zhao is stepping down as chairman of the global exchange's U.S. affiliate's board.
Binance.US announced in a tweet Tuesday that while it is not a part of last week's massive multibillion-dollar settlement between Binance and various U.S. regulators and law enforcement entities, Zhao will transfer his voting rights to a proxy.
"That said, as CZ transitions to life after Binance, he has decided to step down from his role as Chairman of our Board of Directors and transferred his voting rights through a proxy arrangement, whereby his interest in the company is purely economic and he will no longer be involved in our governance," the tweet said.

Binance was accused of operating in the U.S. without registering with any appropriate entities, ultimately allowing U.S. crypto investors to transact with Binance customers from sanctioned regions. The company agreed to pay $4.3 billion, make a "complete exit" from the U.S. as part of its settlement, and accept Zhao's resignation as CEO.
A senior Treasury official told reporters that Binance.US was not part of Binance's settlement as it was a registered business.
While Binance.US is not part of last week's settlement, it's still facing a U.S. Securities and Exchange Commission enforcement action over offering what the regulator deemed are unregistered securities to U.S. investors. That case, which also includes Binance and Zhao, is ongoing.
"Binance.US continues to be led by Norman Reed and our existing, experienced management team. We are well capitalized to continue to build and grow our platform and to do so with renewed clarity and momentum, while maintaining the same customer first commitment," the tweet concluded.

TerraClassicUSD (USTC) soars 160% in 24 hours, sparking crypto market optimism with TCL’s strategic investment.TCL’s bold acquisition of USTC stabilizes the stablecoin, sending Terra Classic (LUNC) to a 3-month high.LUNC’s overbought RSI and intense purchasing pressure hint at a potential short-term correction.
TerraClassicUSD (USTC) has witnessed a significant surge, climbing over 160% within 24 hours. This surge, driven by a strategic investment by Terra Classic Labs (TCL), has had a cascading effect on Terra Classic (LUNC), sparking enthusiasm about a potential recovery in the cryptocurrency market.
$USTC  (#TerraClassicUSD)'s 3d Prices, after holding a breakout, are now showing MAJOR STRENGTH and can be in pursuit of the ≈$0.069 target area!

This could mean that another +252% surge in prices to reach this target may be on its way, and in response, the Terra Platform
TCL’s acquisition of 25.6 million USTC, valued at around $500,000 at an average price of $0.021 per USTC, aligns with its Treasury Reserve Policy. This policy is designed to stabilize U…

The digital asset market is witnessing another surge as we enter the last leg of 2023. Bitcoin (BTC) is testing the $44k mark, surging over 15% over the previous week. Moreover, the global cryptocurrency market cap has breached the $1.67 trillion mark, rising 0.6% in the last 24 hours.However, as we say goodbye to 2023, let’s look at the top cryptocurrency projects under $0.50 for mid-December 2023.Top 3 cryptocurrencies under $0.50Cardano (ADA):Cardano (ADA) is one of the most popular Cryptocurrencies in the market. Although the token’s price struggled for most of 2023, it regained momentum towards the end. The asset has surged by over 18% in the last seven days and over 4% in the daily charts. Since January, the token’s price has surged by over 82%, which is commendable. It is one of the most developmentally active projects under $0.50.ADA is down by over 85% from its all-time high of $3.09, which it attained in September 2021. With the markets forecasted to rally in early 2024, ADA’s price might hit a new all-time high next year.VeChain (VET):VeChain (VET) is another popular cryptocurrency under $0.50. VET’s price has surged 3.2% in the daily charts and 17% over the previous week. Since the beginning of the year, VET has risen by about 60%. Although other Cryptocurrencies have performed much better, VET is a solid project with strong collaborations.Shiba Inu (SHIB):Shiba Inu (SHIB) is one of the most popular cryptocurrency projects. Since its launch in August 2020, SHIB’s price has surged by many million percent. Moreover, many early investors made millions in profits. However, the SHIB wave might not be over just yet. Many analysts anticipate SHIB to hit a new all-time high in the next bull run. Moreover, the project is developing several new initiatives for the SHIB ecosystem, which could drive mass adoption.

Last week, two tokens linked to the Terra ecosystem surged in price and volumeBoth rallies were caused by a Binance listing and a questionable claim ofAccording to a Kaiko report, USTC daily trading volume rose above $1.3 billion
Last week, USTC and LUNC, tokens linked to the Terra ecosystem, surged in price and volume. According to Kaiko, a market data-providing platform, the surge connects to the Binance exchange listing a highly leveraged USTC derivative, and an “investment of $500 million” into the stablecoin. However, it is not clear whether the latter catalyst actually happened or not.
Why did #Terra ecosystem tokens rally last week?

The surge in price and volume was linked to Binance listing a highly-leveraged USTC derivative and an investment of $500mn into the stablecoin.

Full analysis: https://t.co/q0M2f9MsRV pic.twitter.com/nA3L5RvSsj
On November 27, Binance announced it would launch a USTC Perpetual Contract with up to 50x leverage. Kaiko reported that the launch happened on the same day as a “$500 million stablecoin investment by Terra Classic Labs (TCL)”. 
The source of Kaiko’s investment claim wa…
The post Terra Ecosystem’s Tokens Surged Following USTC Listing on Binance appeared first on Coin Edition.

Solana’s resurgence isn’t slowing, with SOL and Solana-based tokens still rising and NFT sales volume ruling the wider market.Solana’s upward momentum continued unabated into Friday, with SOL posting double-digit gains and Solana’s leading meme coin BONK extending its skyrocketing surge to another all-time high. Amid the price action, Solana NFTs are also seeing substantially more trading volume—even higher than on Ethereum.SOL popped as high as $73.85 early Friday, marking a new 19-month peak for Solana’s native cryptocurrency. While still far from its all-time high of nearly $260 in November 2021, SOL has seen a dramatic rebound from falling to almost $8 in late 2022. As of this writing, Solana sits at just above $73, marking a 13% jump in the last 24 hours per CoinGecko.Meanwhile, BONK—the top meme coin on Solana—has continued its rocket ship ride up the charts in recent weeks, setting a new all-time high price of $0.00001314 early Friday.Even down to $0.00001230 as of this writing, BONK has posted a 24% gain in the past 24 hours, and has tripled in price over the past seven days. During the last month, BONK is up a whopping 982%, flinging the token into the top 100 cryptocurrencies by market cap for the first time. BONK now has a market cap of $747 million.Meanwhile, the recipients of Thursday’s Jito airdrop are sitting even prettier. The Solana DeFi platform’s new JTO token was handed out to thousands of early users, with the airdrop valued at $225 million in total as of late Thursday. But now the price has jumped 72% over the past day to $3.35 per token.Buzz around Solana extends to its NFT collections, too.Projects like Mad Lads and Tensorians have seen dramatic price increases in recent weeks, multiplying several times in price. And now, collective Solana NFT trading volume has topped that of Ethereum, typically the leading chain for volume and having the most valuable projects.Solana NFTs racked up $14.8 million worth of trades over the past 24 hours, per data from CryptoSlam, compared to about $13.9 million worth on Ethereum. It’s due to a sizable boost in Solana trades, which have seen their volume grow about 92% in the past day.Tensorians, which is tied to the Tensor NFT marketplace, is the top traded project during that span with over $4 million worth of sales.Tensor, which rose to prominence earlier this year, is currently dominating on Solana with nearly 76% market share over the past 24 hours per data from Tiexo. Magic Eden, the multi-chain marketplace that previously owned the Solana space, has about 16% share during that span.

Elon Musk, CEO of Tesla and SpaceX, engaged with Twitter and Block co-founder Jack Dorsey regarding the importance of self-custody in cryptocurrency.Musk responded to Dorsey’s announcement of Bitkey, a self-custodial Bitcoin (BTC) wallet from Block, but made a minor error in his reference to a well-known crypto adage.The correct phrase, often cited by crypto enthusiasts, is “not your keys, not your coins.” This saying highlights the belief that personal control over one’s crypto keys is essential for true ownership of digital assets.The importance of this principle has been underscored by numerous failures of third parties in the crypto industry, including the recent criminal conduct at FTX, which involved misusing customer deposits.Musk’s mistake in the phrase was quickly noted and criticized by Twitter users, reflecting his reputation as an avid, though sometimes inaccurate, crypto enthusiast.This incident followed another recent event where Musk’s public rant against advertisers leaving Twitter inspired the creation of a meme coin, which gained and then lost significant market value in a short period.

As Bitcoin crossed over $40,000 in the world of cryptocurrency, warnings began to emerge. Metrics indicated that the rally could be overheating. This situation also triggered comments that the crypto market might be overheated. Analyst Julio Moreno made significant cautions at this very point.
Bitcoin’s Overheating Concerns
As Bitcoin surpassed $40,000, according to analyst Julio Moreno, key metrics pointed to potential overheating in the market, creating concern. Investors and analysts are closely monitoring indicators to gauge the current state of the leading cryptocurrency.

The Bull-Bear Market Cycle Indicator, a metric widely followed in the crypto space, has sounded the alarm. The indicator has pointed to an overheated bull phase for the first time since July. This could suggest that Bitcoin has entered a zone where a correction or cooling period could be on the horizon.
Traders and crypto enthusiasts are closely following the development of this indicator in the coming days, as it provides valuable information about the overall market sentiment and potential changes in Bitcoin’s price trajectory.
Miner Profit/Loss Sustainability: A Disturbing Imbalance
An additional critical metric to this cautionary tale is the sustainability of miner profit/loss. The current scenario reveals that block rewards have grown significantly faster than mining difficulty. This imbalance has led to concerns about the sustainability of miner profits.
The imbalance between the growth rates of block rewards and mining difficulty suggests that miners may face difficulties in maintaining profitability at the current rate. Historically, such imbalances have preceded corrective phases in Bitcoin‘s price.
Navigating the Bitcoin Environment: A Call for Caution
While Bitcoin enthusiasts celebrate the impressive BTC rally, a note of caution emerges from these fundamental metrics. Investors and crypto enthusiasts need to approach current market conditions with caution, taking into account the signals provided by these indicators.
Understanding the dynamics of the Bull-Bear Market Cycle and closely monitoring miners’ profit/loss sustainability can enable market participants to make informed decisions in the face of potential market corrections.
In conclusion, while Bitcoin’s journey above $40,000 is met with excitement, paying attention to the signals from these fundamental metrics has become increasingly important. As the world of cryptocurrency evolves, a strategic approach that includes insights from indicators such as the Bull-Bear Market Cycle and the sustainability of miners can provide a balanced perspective for navigating the twists and turns of the market.

A decentralized finance (DeFi) project built over smart contract platform Solana (SOL) is gearing up to kick off an airdrop as Coinbase announces support for it.
In a new thread on the social media platform X, DeFi protocol Jito (JTO) says it will be launching its first ever airdrop on December 7th, saying that eligible recipients will be able to claim their tokens for 18 months.
According to Jito, the JTO token can be used to participate in the governance of the protocol and purchase goods and services on DeFi platforms across the Solana blockchain.
“JTO holders are encouraged to start participating in governance to help steer the direction of Jito Network…
You will [also] be able to use your JTO on various DeFi platforms across the Solana network. We are launching a tool soon to help you find those opportunities.”
Jito also warns traders not to fall for unsanctioned giveaways as the airdrop is the only one they’re associated with.
“The Jito Foundation is not offering any giveaways, NFTs (non-fungible tokens) or other items besides the airdrop at https://jito.network/airdrop.
There WILL BE imposter JTO tokens and malicious NFTs. Ask in Jito’s Discord or Telegram if you are uncertain.”
On December 6th, top US-based crypto exchange platform Coinbase announced its support for JTO, saying that it will be adding it with an “experimental” label, meaning that it could have low volume compared to other digital assets.
JTO is trading for $2.18 at time of writing, a staggering 64% drop during the last 24 hours.

After a comfortable week-long rally, Litecoin [LTC] recently witnessed a major setback, which can cause trouble over the coming days.
The latest data revealed that a substantial number of wallets liquidated their LTC holdings. Will this cause a rise in sell pressure and push the coin’s price down?
Litecoin’s liquidation is on the rise
Litecoin’s last week remained in investors’ favor as its price rallied.
According to CoinMarketCap, LTC was up by more than 6% in the last seven days. At the time of writing, it was trading at $73.98 with a market capitalization of over $5.7 billion, making it the 17th largest crypto.

However, things turned sore for LTC as it fell victim to a massive sell-off.

As per a recent tweet posted by Santiment, approximately 199 thousand wallets that held LTC 10 days ago no longer hold any coins. This was the biggest LTC sell-off since October 2022.
Such major dumps are generally followed by price declines, as it indicates a decline in demand, which can be disastrous for the coin.
Therefore, AMBCrypto checked Litecoin’s liquidation chart to better understand what was going on.
As per our analysis, LTC’s liquidation remained pretty high over the last week, as evident from the sheer number of fluorescent lines on LTC’s liquidation heatmap chart.
It was interesting to note that while that happened, LTC’s price moved sideways.

As its price moved sideways, LTC’s trading volume remained high. Its MVRV ratio was also up, which by and large is a positive signal.
Nonetheless, its 1-week price volatility dropped over the last few days. Additionally, the fact that investors were selling LTC was also proven by its total amount of holders graph, which registered a decline.