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The official Trump token recorded a meteoric surge on Wednesday after Donald Trump announced a dinner with exclusive holders of the meme coin. The dinner, which drew traction to the meme coin, will be at the Trump National Golf Club in Washington, DC, on May 22. According to the website post, the meeting is exclusive to 220 holders of the Solana-based Trump token. Specifically, the top 220 holders of the Trump token would automatically qualify for the Gala event, set for late next month. Notably, the announcement has sparked a rally of over 50% for the meme coin. Trump Holders to Meet with President The team behind the Trump token announced that it would select the top 220 holders during the period between April 23 and May 12. The selection will not just be exclusive to the number of tokens you own, but also for how long you hold the tokens. Following the announcement, the project shared a leaderboard tracking the qualified holders for the invite-only dinner. The positions of holders, who are required to register on the website, are updated in real-time. Meanwhile, the top 25 Trump meme holders, as per the leaderboard, would receive an invitation to an exclusive reception before dinner with the US president. Also, those in the top 15 would receive extra perks, including a VIP reception and a tour around the White House. Remarkably, the project noted that Trump would discuss the future of cryptocurrency at the May 22 gala dinner. The meeting will be the president’s first effort to incentivize holding the Trump token, which is down 84% from its all-time high of $77.24. Trump Token Reacts as User Misses Out Big The Wednesday announcement has had a massive impact on the Trump meme coin, boosting its prices amid a recent sideways trend. The token surged over 50% to an intraday high of $16.17 before relinquishing some of its gains to close at $13.29. Furthermore, the asset has continued to correct, trading at $12.20 at the time of writing. #CryptoNewsCommunity
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“$5K in SHIB Today Set to Skyrocket by 2030 — Here’s the Potential Value”
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#Cardano founder Charles Hoskinson has cast significant doubts about the long-term viability of Ethereum, citing the ecosystem’s numerous mistakes. Hoskinson dropped the bombshell in a recent Ask Me Anything (AMA) session on X (formerly Twitter) on April 23. The Ethereum co-founder asserted that his former project would not survive for more than 10 to 15 years, highlighting the three approaches that have hampered its longevity. Ethereum’s Three Mistakes The Ethereum ecosystem is currently the second biggest in the crypto space after Bitcoin, as evident in its network utility, institutional adoption, and developer support. However, Hoskinson has argued that the network’s long-term relevance remains in doubt. When asked what he would do differently if he were running the Ethereum network, the Cardano founder highlighted three drawdowns impeding the smart contract network’s viability. First, he questioned Ethereum’s choice of protocol and consensus model, insisting they were not befitting. Then, Hoskinson noted that Ethereum’s adoption of layer 2 scaling solutions and slashing economics has had negative impacts on the ecosystem. Currently running on the Proof-of-Stake (POS) mechanism, Ethereum has the largest layer 2 networks built on top of it in the crypto space, and Hoskinson finds the scalability solutions parasitic rather than symbiotic to its mainnet. Lastly, the Cardano founder emphasized that Ethereum lacks a sound governance system. For context, the network’s governance is off-chain rather than on-chain. Proposed models are deliberated and agreed upon on social forums coordinated by the blockchain’s key participants. Meanwhile, the Input Output Global (IOG) CEO stressed that these crucial network properties would deter Ethereum’s adoption as the crypto landscape evolves. Further, he mentioned the solutions to these setbacks.... #Crypto
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#Solana has crossed the $151 mark with strong bullish momentum, following a significant $11.5 million purchase of SOL by DeFi Dev Corp. With Bitcoin surging to $94,000 amid a fresh bullish trend in the crypto market, Solana has broken past the $150 barrier. It currently trades at $151, with an intraday gain of 1.65%. This follows a nearly 9% rally yesterday and confirms a breakout from a previous resistance zone. The question now is: can this breakout fuel a rally toward the psychological $200 mark? Solana Price Breaks Past Key Supply Zone Near $150 On the daily chart, Solana’s price action shows a bullish breakout from a long-standing resistance trendline, gaining momentum. The sudden shift has pushed Solana above the 38.20% Fibonacci level at $149.20. Additionally, the recovery has triggered a reversal in the SuperTrend indicator, signaling the beginning of a new bullish phase. The breakout above this critical resistance, aligned with the 38.20% Fibonacci retracement, increases the probability of a strong bullish continuation. According to Fibonacci projections, the next resistance lies at the 50% level, around $166. Notably, the rally is expected to continue, as the daily RSI line approaches the overbought territory. In this scenario, the extended price targets for Solana are the 61.80% level at $184 and the 78.60% level at $215. On the downside, key support now stands at $150—previously a resistance zone—followed by the $130 level. DeFi Development Corp Expands Its SOL Holdings DeFi Development Corp recently acquired 88,164 SOL tokens, valued at $11.5 million. This strong show of confidence is reinforcing bullish sentiment around Solana. Currently, DeFi Dev Corp holds approximately 251,842 SOL tokens, valued at over $34 million, including staking rewards... #CryptoNewsFlash
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“Dogecoin Skyrockets 12% to $0.18 — The Road to $0.20 Has Begun!”
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U.S. Economic Leaders to Discuss Key Priorities in Upcoming Meeting
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Federal Reserve's Kashkari Criticizes Cryptocurrency's Utility in Developed Economies
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