A deep-pocketed investor is suddenly accumulating massive amounts of a $DOGE coin (DOGE) rival from top US crypto exchange Coinbase, on-chain data shows.
Digital asset tracker Lookonchain notices a crypto whale spent 606,00 USDC to buy nearly 228,000 dogwifhat (WIF) memecoins.
“A whale is buying WIF! The whale created a new wallet and withdrew 1.83 million USDC from Coinbase to buy WIF. So far, he has spent 606,000 USDC to buy 227,896 WIF at $2.66, with 1.22 million USDC left. The purchase is in progress [on May 20th].”
WIF is trading for $2.83 at time of writing, up 10.7% in the last 24 hours.
Next up, Lookonchain noticed another crypto whale made huge profits trading GME (GME), a memecoin launched on Solana (SOL) in January and inspired by the GameStop (GME) short-squeeze frenzy of 2021.
“Since the price of GME dropped, a trader spent 3,059 SOL ($526,000) to buy 78.57 million GME at $0.0067. This trader spent 1,409 SOL ($165,000) to buy 68 million GME at $0.0024 on February 15th and February 16th.
After holding it for three months, GME ushered in a rise. He sold 35 million GME for 3,447 SOL ($503,000) at $0.0144 on May 13th and May 14th. He currently holds 111.57 million GME ($781,000), with a total profit of ~$593,000.”

GME is trading for $0.00575 at time of writing, down nearly 18% in the last 24 hours.
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Bitcoin‘s (BTC) recent correction was accurately predicted by a cryptocurrency analyst known as Rekt Capital. Now, the analyst is in the spotlight for predicting the timeline of the next parabolic move of the largest cryptocurrency. The analyst also painted a positive picture for altcoins, raising expectations.

Bitcoin Ready to Show Strength
Rekt Capital, an anonymous cryptocurrency analyst, shared his views with his followers on the social media platform X, stating that Bitcoin has entered a new accumulation phase after its block reward halving. Based on past data, he suggested that Bitcoin could be just months away from a significant rise.
The analyst pointed to the post-2020 Bitcoin block reward halving period, where Bitcoin experienced a 19% pullback and then consolidated for 160 days before entering a parabolic phase. Rekt Capital noted that Bitcoin experienced nearly a 24% pullback immediately after the 2024 block reward halving. If history repeats itself, Bitcoin could consolidate for up to 160 days before entering another parabolic phase.

Analyzing Bitcoin’s daily chart, Rekt Capital emphasized that after retesting the resistance at $66,000 as a support level, the largest cryptocurrency seemed to have broken out of a bullish continuation pattern. Confirming this breakout, he said, “The continuation of the uptrend is secured. The Bitcoin Bull Flag formation breakout is confirmed. This indicates a strong bullish trend for Bitcoin.”
Moreover, Rekt Capital shared a chart showing that Bitcoin’s bull market is still in its early stages. Marking the current position with a green circle, he indicated significant growth potential ahead.
Altcoins Expected to Rally in Hype Cycle
In addition to Bitcoin, Rekt Capital is also optimistic about altcoins. He suggested that a new altcoin rally is imminent, heralding the beginning of the Second Quarter Altcoin Hype Cycle.

Emphasizing that the current market movements are just the beginning, Rekt Capital said that a period of significant gains for altcoins is rapidly approaching.
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Bitcoin (BTC) surged to $70,000 on Monday, marking its first rise to this level in over a month.
At the time of writing, Bitcoin’s price has increased 5.8% in the last 24 hours and more than 10% in the last week. This increase is coming before a vote on the 21st Century (FIT21) Act and a surge in spot buying and spot BTC exchange-traded fund (ETF) purchasing.
This activity has prompted the cryptocurrency community to question whether the bull market is just starting or approaching a peak. BTC faces critical resistance in the $69,000-$72,000 range.
Bitcoin briefly surged above $70,000 on Friday in volatile trading as a crypto frenzy continues to captivate the investment community. It rose to as high as $70,275 before quickly dropping down to $69,317.72. Since then, and at the time of writing, BTC has stayed at around $69,800. This burst in trading activity is causing speculation that the recent consolidation phase has ended.
With Bitcoin trading within a few hundred dollars of $70,000, the 20-day EMA is at $64,371, and a positive RSI indicates that an upward breakout is more likely. Overcoming the resistance at $68,000 suggests that the BTC price is heading towards $73,777 and all-time highs, but this level may lead to a strong bearish reaction.
This surge comes as a surprise to some as the number of whale transactions consisting of at least $100,000 worth of BTC dropped by 51% over the past five days.
If this marks the end of a resistance level, Bitcoin’s price is poised to surge and flirt with all-time highs if it can successfully surpass the critical resistance level of $67,500
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The highly anticipated listing of the Web3 game token Notcoin finally happened last week. The first 36 hours saw the branding of 5 million users as NOT.
The creators of Notcoin discussed their future plans for the project.
The Notcoin Future
The post claims that Notcoin’s initial advertisements, goods, and apps are “almost ready.” Early this week, the developers say, they will unveil them.
At the conclusion of the staking period, users will continue to receive benefits from their current tier for an additional week.
According to the Notcoin team, members of the Gold and Platinum tiers will also have the opportunity to help distribute tokens that are released alongside other new projects or launches.
But you have the freedom to unlock your NOTs whenever you want and bring them online. Tier benefits and pool access will indeed be removed from your account. However, we prefer not to impose anyone’s stay on anyone. The tweet conveys the message that Notcoin is an optional choice.
Early achievements
The first successes of the NOT launch were previously discussed by representatives of the Web3 game. Everything that the Notcoin team accomplished in the initial 36 hours following listing went as follows:
Out of the total amount of NOT, over 5 million have been branded, 4 million have been staked or deposited on cryptocurrency exchanges, 1 million have made it into wallets directly, and 530,000 NFT vouchers have been converted into NOT.
A billion dollars was added to Notcoin’s valuation in the first ten minutes. Later on, though, it fell to $700 million, and now it’s at $556 million.
Oh, and the price that is NOT
Over the last day, the NOT rate has fallen 9.3 percent, as reported by CoinMarketCap. At the moment, the asset is selling for $0.005549.
Notcoin trades at a rate of over $176 million every day. Upon its listing on cryptocurrency exchanges, NOT quickly rose to the position of most traded tokens. About $1.4 billion worth of transactions took place during that time.
Binance, KuCoin, Bitfinex, OKX, Gate.io, Bitget, Bybit, and OKX are among the platforms where NOT is traded.
There was a donation sent by the game’s development team to Pavel Durov, the creator of Telegram, and the messenger. The developer expressed gratitude to Notcoin and pledged to hold onto NOT until its price multiplies by one hundred.
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A savvy trader turned $2,275 worth of Solana tokens into a profit of $2.26 million in just eight hours.
The memecoin trader’s wallet, known as “sundayfunday.sol,” made an over 993x gain on their 13 Solana (SOL) token investment into newly-launched memecoin 1DOL, according to a May 19 post by Lookonchain:
“8 hours ago, He spent 13 $SOL ($2,275) to buy 242M #1DOL, which is currently worth $2.26M!”
Memecoins like Dogwifhat (WIF) and Pepe (PEPE) have taken the spotlight since the Bitcoin halving. Despite having no underlying utility, memecoins often reach multibillion-dollar valuations, making millionaires for some investors.
The over 900x gain is no coincidence, as the wallet is also the largest pre-sale participant of the Book of Memes (BOME) token. The trader bought over $72,000 worth of BOME tokens at presale, which was worth over $40 million at its peak.
Despite taking profits on some of his holdings, the trader remains the largest BOME holder, according to Lookonchain:
“He sold 530 billion $BOME for 38,305 $SOL ($7.66M) and currently holds 894 billion $BOME ($10.5 million), still the largest individual holder of $BOME .”
The 1DOL memecoin launched on May 18 and rose to a peak of $0.018 by the following day, before plunging to its current $0.004 mark. 1DOL is down over 43% during the past 24 hours, showcasing the volatility of memecoin trading, according to CoinMarketCap.

The 1DOL token generated significant interest despite a lack of a website and a banned X account. The profitable trade spurred insider trading and money laundering allegations by crypto enthusiasts on social platforms.

Others pointed to the trading pool’s low liquidity, currently worth $291,000 worth of SOL tokens, which would make it impossible for the trader to cash out all his profits without tanking the price of 1DOL even further.
Memecoin frenzy signals the younger generation’s disillusionment with the fiscal system
Over 99% of the savvy traders’ holdings are in the Solana-based WIF memecoin. The wallet holds over $15.8 million worth of WIF, which was valued at over $42 million at its record high, according to CoinStats data.
At its peak on April 1, the wallet was worth over $172 million. However, it is currently down over $75%, or $47 million, over the past month.

Last week, another savvy Pepe trader turned $3,000 into $46 million by trading the memecoin. The return of the GameStop saga bolstered the Pepe price, and the trader made an over 15,718x return on their initial investment.
The wild success of memecoins reflects a younger generation that is disillusioned by the current fiscal system, according to Hao Yang, the head of financial products at Bybit exchange, who told Cointelegraph:
“The success of memecoins can be seen, like punk rock, as a symptom of disillusioned young investors who have seen the opportunities afforded to their parents disappear."
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Litecoin (LTC) whales have embarked on a massive accumulation frenzy over the past month. This accumulation has caught the attention of investors and analysts alike, particularly due to a net inflow surge on May 10.
According to IntoTheBlock, Litecoin whale addresses have accumulated 2,751,633 LTC in the last 30 days alone. The activity peaked on May 10, when whale addresses saw a net inflow of over 900,000 LTC.
Litecoin whales accumulated 2,751,633 LTC in the past 30 days.On May 10th, these addresses had a net inflow of over 900k $LTC , the highest daily amount since February. pic.twitter.com/oDR4QG1Xjt
— IntoTheBlock (@intotheblock) May 20, 2024
This level of accumulation may imply a significant shift in the Litecoin ecosystem, indicating growing confidence among large holders.

The single-day net inflow of over 900,000 LTC on May 10 is particularly noteworthy. This marks the highest daily accumulation of whale addresses since February, indicating a major shift in whale behavior.

Whales refer to large holders of a specific cryptocurrency. In the case of Litecoin, the recent accumulation by these large players might signal potential strategic positioning, possibly anticipating future price movements or reacting to market developments.
As reported, the Litecoin network has processed over 245 million transactions since its inception, with a notable 39 million of those transactions occurring in 2024 alone. Whales might be positioning themselves to capitalize on Litecoin's upcoming advancements.
Positive sentiment around the broader cryptocurrency market can also drive accumulation. As confidence in the market grows, large holders may increase their positions in established cryptocurrencies like Litecoin.
However, the reasons behind this sudden surge in accumulation remain speculative.
As the crypto community watches with bated breath, questions arise about the impact of the whales' resurgence. Will this lead to a bullish trend for Litecoin, or is it merely strategic positioning for future market development? However, the recent accumulation may indicate that whales are waking up, and the consequences may soon be felt.
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Anthony Scaramucci, founder of Skybridge Capital, believes that the institutional adoption of bitcoin is happening now. Highlighting recent developments like the State of Wisconsin Investment Board investing in Blackrock’s spot bitcoin exchange-traded fund (ETF), he predicts that other pension funds will make similar announcements. “Bitcoin now has the regulatory approval and I think that was the rate-limiting step for a lot of these large-scale institutions,” he detailed.
‘I Think We’re Still Early in Bitcoin’
Skybridge Capital’s founder and managing partner, Anthony Scaramucci, discussed the institutional adoption of bitcoin in an interview with CNBC last week. Emphasizing the ongoing and accelerating integration of BTC by large institutions, he said:
I think the institutional adoption is happening now.
He mentioned the recent disclosure by the State of Wisconsin Investment Board about its share ownership of Blackrock’s spot bitcoin exchange-traded fund (ETF), the Ishares Bitcoin Trust (IBIT). “The State of Wisconsin announced. We expect other pension funds to announce. And, of course, bitcoin now has the regulatory approval and I think that was the rate-limiting step for a lot of these large-scale institutions,” Scaramucci opined.

“Just remember if you’re not long bitcoin, you’re possibly short bitcoin in the sense that if you believe … that this will be part of a long-term tactical asset allocation strategy for institutional investors, then at some point, you’ve got to get long bitcoin,” the Skybrige Capital founder emphasized. “So, a lot of smart institutions are saying ‘let me get long this thing before it becomes part of a total tactical asset allocation index’ and I think that’s starting to happen now and that’s very good for bitcoin.”
Scaramucci further shared: “I think what’s important for people to do is to do the homework on bitcoin because when you do the homework on bitcoin you go towards bitcoin. I know very few people that have done the homework, you know, several hundred hours of understanding bitcoin, not just reading the white paper, but really understanding the history of money and all the different boxes that bitcoin checks off.”

He then mentioned when Skybridge first announced its bitcoin investment. “A lot of institutions, wirehouses they didn’t like it. They didn’t like the position. It’s four years later. Now, these very same wirehouses are adopting the position and are getting long the ETF or at least allowing their financial advisors to recommend the ETF. And so, you know, sometimes when you’re early, you get a lot of bumps and scrapes,” Scaramucci opined. Nonetheless, he stressed:
I think it pays to be early in bitcoin, and I think we’re still early in bitcoin.
#altcoins #BTC🔥🔥🔥🔥🔥 #BlackRock #BTC #CMEBitcoinSpotTrading
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In terms of trading volume, Binance remains the most powerful cryptocurrency exchange, triggering significant price movements with its listings. Many cryptocurrencies have broken all-time records after being listed here. A recently published report draws important conclusions from the listings on the Binance exchange.
Binance Listings Report
The latest study by cryptocurrency researcher Flow focuses on Binance’s listings. A significant portion of these are backed by top-tier venture capital firms and start with high valuations. According to the report, only 5 out of 31 tokens launched on the Binance exchange managed to sustain their price increase.

ORDI, JUP, WIF, JTO, and MEME are ventures that did not receive support from major Venture Capitals and remained strong. Over the past six months, these tokens individually increased by over 50%. Specifically, ORDI rose by approximately 262%, JTO by 62%, and JUP by 58%. WIF and MEME also gained 117% and 8.5%, respectively.

Interestingly, cryptocurrencies supported by venture capital firms performed poorly. Binance Labs’ NFP token, Pantera Capital-backed OMNI, and tokens from promising projects like Coinbase, Paradigm, and Dragonfly experienced significant value losses.
“If you had a portfolio investing an equal amount in each new Binance listing, you would have experienced a decline of over 18% in the last 6 months.”
Be Cautious with New Altcoins
The common feature of poorly performing tokens is their high fully diluted valuations (FDVs) alongside VC support. Some newly listed altcoins can see valuations up to $11 billion without strong community support. This can cause hasty investors to experience prolonged losses.
Research by Ren & Heinrich last year stated the opposite of today’s report. According to the report at that time, an average gain of 73% could be achieved within the first 30 days after listing. However, Flow researchers now say the perspective has changed;
“Most of the time, tokens launched on the Binance exchange are no longer investment vehicles. All their upward potential has already been taken. Instead, they represent exit liquidity for insiders taking advantage of individual investors’ lack of access to quality early investment opportunities.”
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PEPE looks bullish on the higher timeframes, but the tables turn when you look at the memecoin from another angle.

PEPE has a bullish market structure on the higher timeframes.Futures traders were likely sidelined and waiting for a consolidation phase.
Pepe [PEPE] tried to breach a local resistance last week but was pushed backward. It has lost 20% since the 15th of May, but the trend remained bullish on the higher timeframes.
Prices would likely surge higher once again.
But when and where would this bullish reversal begin? Conversely, with most holders in profit, a wave of profit-taking might drag PEPE to April’s lows.
Which scenario is more likely, and how should traders respond?
Technical indicators remained bullish despite the dip

$PEPE reached the local high at $0.0000108, but was unable to close a daily session above this level. It was the same resistance from March that impeded the bulls yet again.
However, some factors were in bullish favor.
The OBV was in an uptrend and above two key short-term levels. This indicated that selling pressure was not yet dominant and further gains could materialize. The market structure on the 1-day chart was also bullish.
The RSI fell from 72 to 56 within a week as the prices dipped, but the momentum on the daily timeframe was also in favor of the buyers.
Hence, despite the recent dip, PEPE is likely to advance toward the 23.6% Fibonacci extension level at $0.0000131.
The $0.0000087 and $0.0000078 short-term support levels could be the place where a reversal occurs. If Bitcoin [BTC] begins to falter and retreat from $67k, PEPE can be expected to retrace deeper.
Sentiment has been weak recently

Since the 15th of May, when PEPE reached the local highs and faced rejection, the Open Interest has trended downward. The price has also slipped lower.
The Funding Rate was at +0.01% with occasional dips that reflected increased short positions.
The liquidations of the past 48 hours have been from bullish traders. This forced selling added to the bearish pressure.
However, it was not as volatile as the 15th, when both long and short positions of greater size got eliminated.
Hence, the local bottom might be nearby and a period of consolidation could follow. Traders could watch out for this and keep an eye on the lower timeframe charts for a revival.
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The internet has given us a lot of enduring memes, serving as a fertile field for odd trends and transient virality. Clown Pepe stands out among the others. Clown Pepe has developed into more than simply a hilarious picture; it is now a complicated emblem that has changed with internet culture and reflected the nuanced feelings of the virtual world.
This article explores the origins, changes and cultural significance of Pepe the Clown, and delves into his fascinating world. So get ready to explore the strange world of Clown Pepe by donning your virtual red nose and huge shoes!
The Birth of Clown Pepe
Pepe the Frog, the wide-mouthed amphibian with a perpetual sad slump, originated in Matt Furie’s comic book series “Boy’s Club.” However, Pepe’s internet journey began on 4chan‘s /funny/ board in 2006, where cropped panels from the comic featuring Pepe’s melancholic expressions resonated with users.
Often accompanied by relevant lines like “feels bad man,” these early versions conveyed a sense of existential despair and melancholy. Pepe came to represent the boredom and discontent of the millennial age, effectively encapsulating their fears and concerns.
Fast forward to 2016, and Pepe takes a dramatic turn. Edited versions of Pepe with exaggerated features, particularly a large red nose, emerged on 4chan’s /pol/ board, a forum known for its alt-right and nationalistic leanings. These “rare Pepes” were often paired with offensive or racist captions, altering Pepe’s perception.
The Great Pepe War: Reclaiming the Meme
The alt-right’s appropriation of Pepe triggered outrage and a drive to recover the meme. Social media was inundated with healthy Pepe incarnations from mainstream internet users, highlighting the character’s adaptability and separating it from divisive ideas. This “Great Pepe War” demonstrated how the internet can produce and reinterpret cultural icons.
The Evolution of Clown Pepe
With its exaggerated features and vibrant colors, Clown Pepe transcended its initial association with negativity. It became a broader symbol, encompassing a range of emotions:
* Sadness and Despair: The original “feels bad man” sentiment remains, with Clown Pepe used to express disappointment, loneliness, or existential dread.
* Irony and Self-Awareness: Clown Pepe can express a sense of self-deprecating humor and biting comedy, a chuckle at the ridiculousness of the internet and the wider world.
* Nihilism and Existential Dread: The accentuated features and expressionless countenance may convey a dejection of conventional norms or a sense of hopelessness.
* Wholesome Fun and Playfulness: Clown Pepe can also be lighthearted and playful, used to express silliness or enjoyment.
Clown Pepe as Cultural Commentary
Clown Pepe‘s ability to express a range of emotions has led to its use as a tool for social commentary. Here are some examples:
* Political Comment: The alt-right and its opponents both still employ Clown Pepe. But its application has evolved; some now use it to expose political hypocrisy or parody radicalism.
* Social Concerns: You can utilize Clown Pepe to raise awareness of social concerns such as political corruption, economic inequality, and mental health. Because of its adaptability, memes can be an effective tool for generating dialogue and increasing awareness.
* A Voice for the Marginalized: In certain virtual groups, Clown Pepe stands for a rejection of popular culture and a feeling of acceptance among the marginalized.
Creativity and Collaboration of Clown Pepe
The world of Clown Pepe extends beyond social media posts. It has become a breeding ground for artistic expression.
* Digital Art: Artists have created elaborate digital illustrations featuring Clown Pepe in various scenarios, further expanding the meme’s visual vocabulary.
* Physical Manifestations: Clown Pepe merchandise, from plush toys to clothing, allows fans to express their love for the meme in the real world.
* Collaborative Projects: Online communities have created elaborate “Pepe lore,” expanding the meme’s universe with stories and characters.
The Future of Clown Pepe
Clown Pepe‘s future remains unknown as the internet meme landscape evolves. However, its versatility and capacity to connect with a broad spectrum of emotions indicate lasting power. Here’s what the future may hold:
* A Continued Symbol of Online Culture: Clown Pepe will likely remain a familiar emblem of internet culture, reminding us of online trends’ odd and ever-changing nature.
* Meme Mutations and Subcultures: New variations of Clown Pepe will likely emerge, catering to specific online subcultures and evolving alongside internet humor. These variations could be more specific in their emotional expression or tied to particular online communities.
* Integration with Blockchain Technology: The advent of Non-Fungible Tokens (NFTs) may turn uncommon and unique digital artwork starring Clown Pepe into expensive collectibles. It could boost the meme’s artistic aspect while opening up new avenues for fan participation.
* A Cautionary Tale of Appropriation: Clown Pepe‘s story reminds us of how readily memes may be appropriated and exploited maliciously. It emphasizes the significance of online communities remaining watchful and reclaiming symbols as required.
A Final Note
The first and last time, Clown Pepe, starting with its gloomy origins and moving up to its wild transformation, provides a fantastic insight into how culture changes. It is more than a meme—it is an artistic symbol of shared emotions and an expression of creation and appropriation.
In other words, the fact that Clown Pepe is still used does much more than just show the turbulent creativity of the internet and the capacities of online communities to make and unmake cultural symbols.
As such, the next time you come across a Clown pepe, consider looking behind its multi-dimensions, the hidden story, just like the ever-expanding digital landscape.
Moreover, what is more characteristic of web memes than a sad frog with a big nose and red color? – It is a strong representation of collective experience on the web.
#HONK #PEPEATH #altcoins #MemeWatch2024 #ETHETFS
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transfer of 120 million Dogecoin to the trading platform Robinhood has coincided with a 4.45% surge in the price of the meme cryptocurrency.
What Happened: Whale Alert's blockchain data shows a significant amount of Dogecoin was moved to Robinhood, triggering a near 5% price increase for DOGE.
The transfer, which occurred over 10 hours ago, involved 120 million DOGE, worth roughly $18.5 million at the time.

The wallet involved in the transfer has been active, with outflows of 48.3 million, 150 million, 118.3 million, and 190 million DOGE in the past day, including the 120 million transfer.
This amounts to a total of 506.4 million Dogecoin, valued at about $71.1 million.
Interestingly, this wallet also received two large DOGE transfers on May 16 and 17, totaling 306.4 million coins valued at $47.5 million. Following a week-long pause, the last transaction was on May 9.
The unidentified cryptocurrency whale currently holds 1.6 billion $DOGE , equivalent to $248.6 million.
Following the mysterious transfer, Dogecoin's price saw a significant increase, rising by 4.45% to $0.15676. A slight rebound followed, with DOGE now trading at approximately $0.1525.
Why It Matters: This isn't the first time large DOGE transfers have impacted the coin's price.
In March, a massive influx of 118.4 million DOGE to Robinhood sparked speculation and a price increase.
Similarly, in April, a transfer of 200 million DOGE from Robinhood to an unknown wallet fueled a surge in Dogecoin's value.
These events highlight the influence of large transfers on the meme coin's market dynamics.
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1. Web3, Blockchain & Crypto Breaking News This Week
Here are the major breaking news reports, related to the Web3, Blockchain and crypto world, reported this week.
Consumer Price Index Rises to 3.4% in April; Bitcoin Price Surges to $64k
The Consumer Price Index increased by 3.4% over the past year, exceeding expectations of a 2.9% rise. Parallely, Bitcoin’s price jumped to $64,000.
Senate Passes Bill Overturning SEC’s Crypto Guidelines
The Senate passed H.J. res, 109 to overturn SEC’s guidelines on cryptocurrency accounting, potentially allowing banks to hold Bitcoin and other digital assets. President Biden may veto the bill, adding uncertainty to the regulatory landscape.
El Salvador Mines Bitcoin Using Volcanic Geothermal Energy
El Salvador has mined 474 Bitcoins, worth $29 million, using geothermal energy from the Tecapa volcano. The country’s total Bitcoin holdings are now 5,750, valued at $354 million, showcasing a green approach to accumulating cryptocurrency.
Binance Executive Denied Bail in Nigerian Court Case
Justice Emeka Nwite denied bail to Tigran Gambaryan, a Binance executive accused of money laundering and tax violations in Nigeria. The legal proceedings highlight the regulatory challenges facing major cryptocurrency companies.
Bill Proposed to Abolish Federal Reserve Amid Inflation
Representative Thomas Massie introduced a bill to abolish the Federal Reserve, blaming its policies for high inflation. He argues that the Fed’s actions during the COVID-19 pandemic devalued the dollar, pushing people towards cryptocurrencies as alternative stores of value.
2. Blockchain Weekly Analysis
The blockchain weekly analysis primarily covers the blockchain dominance analysis and the blockchain 7-day change analysis. In order to bring more clarity, the Layer 1 chains and Layer 2 chains are analysed separately.
2.1. Blockchain Dominance Analysis
Ethereum, TRON, BNB Smart chain, Solana, and Arbitrum One are the top five blockchains as per dominance and TVL.

Among the top five chains, Ethereum dominates with 60.71%. TRON and BNB Smart Chain follow with 9.92% and 6.98%. Solana has a dominance of 5.22% and Arbitrum One 3.04%.
2.1.1. Top Five Layer 1 Chains By Dominance
Ethereum, BNB Smart Chain, Solana, Bitcoin and Avalanche are the top five Later 1 Blockchains.

Among the top five Layer 1 chains, Ethereum dominates with a dominance of 77.31%. BNB Smart Chain and Solana follow with 8.89% and 6.64%, respectively. Bitcoin marks 1.64% dominance, and Avalanche registers 1.38% dominance.
2.1.2. Top Five Layer 2 Chains By Dominance
Arbitrum One, Base, Blast, Polygon POS, and Optimism are the top five Layer 2 Blockchains.

Among the top five Layer 2 chains, Arbitrum One dominates with a dominance of 29.85%. Base and Blast closely follow with 17.29% and 17.08%, respectively. Polygon POS marks a dominance of 10.19%, and Optimism records a dominance of 8.83%.
2.2. Blockchain 7-Day Change Analysis
Let’s analyse the top five Layer 1 chains using the 7-day change index.

Among the top five chains, only Solana and Avalanche show positive changes. Solana registers the highest positive change of +9.5%, while Avalanche records an moderate positive change of +1.6%. Bitcoin showcases the highest negative change of -7.0%. BNB smart Chain and Ethereum mark moderate negative changes of -3.4% and -1.8%, respectively.
Let’s analyse the top five Layer 2 chains using the 7-day change index.

Among the top five Layer 2 chains, only Arbitrum One displays a positive change; it records a very moderate positive change of +0.9%. The highest negative change is shown by Optimism, with -8.3% change. Base shows a moderate change of -2.3%. Polygon POS and Blast showcase very moderate changes of -0.4% and -0.1%.
3. Cryptocurrency Weekly Analysis
The Cryptocurrency Weekly analysis covers a wide range of analyses, from the general cryptocurrency market cap analysis and the top gainers and losers analysis to the Stabelcoin, Memecoin, AI Coins and Metaverse Coins analyses.
3.1. Top Cryptocurrency Categories By Market Cap
Layer 1 (LI), Smart Contract Platform, Andreessen Horowitz (a16z) Portfolio, Alameda Research Portfolio, and Alleged SEC Securities are the top five cryptocurrency categories by Market Cap. The Layer 1 (L1) category, with $1,975,884,413,592 market cap, is the one with the highest market cap. The Smart Contract Platform category follows with $678,209,531,506.

Among the top five crypto categories, Layer 1 (L1) marks the highest 7-day change of +3.6%. Alleged SEC Securities closely follows with +2.7%. Andreessen Horowitz (a16z) Portfolio, Alameda Research Portfolio, and Smart Contract Platform record +1.5%, +1.4% and +1.1% change, respectively.
3.1.1. Trending Categories This Week
Wall Street Bets Themed Coins, Parody Meme Coins, PolitiFi, Base Meme Coins, Cat-Themed Coins, and DePIN are the most trending categories this week.

Among the trending categories, DePIN stands out as it has an impressive market cap of $29.3B, which is the highest among the six. Cat-themed coins follow with a market cap of $1.74B. Base Meme Coins and PolitiFi record $942M and $819M market cap, respectively. Parody Meme Coins and Wall Street Bets Themed Coins register $496M and $59.4M market cap, respectively.
3.2. Top Cryptocurrencies By Market Cap
Bitcoin, Ethereum, Tether, BNB, and Solana are the top five cryptocurrencies by market cap. Bitcoin has the highest market cap of $1,308,281,130,156. Ethereum follows with a market cap of $364,014,920,398

Among the top five cryptos, Solana, Bitcoin and Tether show positive changes this week. Solana marks the highest 7-day change of +9.0%. Bitcoin follows with a change of +5.2%. Tether shows a moderate change of +0.3%. BNB and Etheruem display negative changes. BNB records a negative change of -2.8%, and Ethereum a very moderate negative change of -0.7%.
3.2.1. Trending Coins This Week
Apu Apustaja, Drift Protocol, Brett, Ondo, and Toncoin are the most trending cryptocurrencies at the time of preparing this analysis.

Among the trending cryptos, Toncoin has the highest market cap of $23,478,151,394. Ondo follows with $1,353,833,209. Brett and Apu Apustaja show $360,132,340 and $286,023,118, respectively. Drift Protocol displays the lowest market cap of $54,742,896.
3.2.2. Top Gainers & Losers This Week
GME, MAGA VP, SIPHER, ConstitutionDAO, and Spectral are the top gainers of the week as per the 7-day gain index.

GME records the highest gain of +1222.2%. MAGA VP and SIPHER follow with +185.2% and +161.5%, respectively. ConstitutionDAO and Spectral record +81.0% and +68.1% gain, respectively.
Shark Cat, ALEX Lab, PunkCity, NORMIE, and Entangle are the top losers of the week as per the 7-day loss index.

Shark Cat displays the highest loss of -46.5%. ALEX Lab and PunkCity closely follow with -40.5% and -37.8%, respectively. Both NORMIE and Entangle mark -a 35.7% loss.
3.3. Top Stablecoins Analysis
Tether, USDC, Dai, First Digital USD, and Ethena USDe are the top five stablecoins as per market cap.

Tether has the highest market cap of $111,404,518,043. USDC and Dai follow with $33,344,450,829, and $5,454,605,060 market cap, respectively. First Digital USD registers a market cap of $3,611,060,209, and Ethena USDe records a market cap of $2,349,531,273.
3.4. Top Memecoins 7-Day Change Analysis
Dogecoin, Shiba Inu, Pepe, dogwifhat, FLOKI are the top five Memecoins as per market cap. Dogecoin has the highest market cap of $22,198,117,707. Shiba Inu and Pepe follow with $14,672,691,432 and $4,284,171,989 market cap, respectively.

Among the top five Memecoins, only dogwifhat shows a negative 7-day change. FLOKI displays the highest positive change of +18.2%. Pepe closely follows with +17.5%. Shiba Inu marks a change of +5.6%. Dogecoin showcases a moderate positive change of +0.7%. Conversely, dogewifhat records a negative change of -9.8%.
3.5. Top AI Coins 7-Day Change Analysis
Internet Computer, Fetch-ai, Render, The Graph, and Bittensor are the top five AI Coins as per market cap. Internet Computer has the highest market cap of $6,042,458,734. Fetch-ai and Render closely follow with $5,781,641,812 and $3,959,699,597 market cap, respectively.

Among the top five AI coins, only two display positive changes this week. Internet Computer marks a positive 7-day change of +4.9%. The Graph shows a moderate positive change of +1.9%. Render records the highest negative change of -10.1%. Bittensor and Fetch-ai follow with -2.1% and -1.0%.
3.6. Top Metaverse Coins 7-Day Change Analysis
Render, FLOKI, Axie Infinity, The Sandbox, and Decentraland are the top five Metaverse Coins on the basis of market cap. Render has the highest market cap of $3,961,011,301. FLOKI, Axie Infinity, and The Sandbox closely follow with $2,057,557,670, $1,064,252,244, and $1,009,956,073 market cap, respectively.

Among the top five metaverse coins, only FLOKI shows a positive 7-day change; it records a change of +18.0%. Render, showing -10.5% change, registers the highest negative change. Axie Infinity showcases a change of -5.0%. Decentraland (-1.0% change) and The Sandbox (-0.9% change) only display moderate negative changes.
4. Crypto ETF Weekly Analysis
The crypto ETF weekly analysis covers Bitcoin Spot ETFs, Bitcoin Futures ETFs, and Ethereum Futures ETFs.
4.1. Bitcoin Spot ETF Price Change Analysis
GBTC, IBIT, FBTC, ARKB and BITB are the top five Bitcoin Spot ETFs based on Asset Under Management. GBTC marks the highest AUM of $24.33 billion. IBIT closely follows with an AUM of $17.24 billion.

Among the top five Bitcoin Spot ETFs, none display positive changes. BITB shows the highest negative change of -1.47%. FBTC closely follows with -1.43%. IBIT and GBTC mark -1.38% and -1.36% change, respectively.
4.2. Bitcoin Futures ETF Price Change Analysis
BITO, XBTF, BTF, BITS, and ARKA are the top five Bitcoin Futures ETFs as per Asset Under Management.

Among the top five Bitcoin Futures ETFs, only XBTF displays a positive change of +0.33%. The highest negative change is shown by BTF. ARKA and BITO closely follow with -1.52% and -1.30% change, respectively. BITS marks a moderate negative change of -0.94%.
4.3. Ethereum Futures ETF Price Change Analysis
BITW, BTF, EFUT, EETH, and AETH are the top five Ethereum Futures ETFs based on Asset Under Management.

Among the top five Ethereum Futures ETFs, none record positive changes. The highest negative change is displayed by EETH (-2.86%). AETH closely follows with -2.73%. BTF and EFUT record -1.93% and -1.88% change, respectively. BITW registers a change of -1.31%.
5. DeFi Protocols Weekly Analysis
Lido, EigenLayer, AAVE, Maker and JustLend are the top five DeFi protocols as per Total Value Locked.

Among the top five DeFi Protocols, all of them show positive 7-day changes except Eigen Layer, which records a negative change of -0.67%. The highest positive change is shown by JustLend, which registers a change of +4.07%. AAVE follows with a change of +2.77%. Maker and Lido display moderate positive changes of +0.61% and +0.12%.
6. Crypto Exchange Weekly Analysis
6.1. Top Crypto Centralised Exchanges
Based on monthly visits, Binance, Coinbase Exchange, Bybit, OKK, and WhiteBIT are the top five crypto centralised exchanges.

Binance records the highest monthly visit of 101M. Coinbase Exchange follows with 65.7M. Bybit and OKK record 39.1M and 30.5M monthly visits. WhiteBIT registers 22.9M monthly visits.

Among the top crypto centralised exchanges, at least three, Coinbase Exchange, Bybit and OKK have the impressive trust score of 10/10. Binace has a trust score of 9/10, and WhiteBIT has a score of 8/10.
6.2. Top Crypto Decentralised Exchanges
Uniswap V3 (Ethereum), Uniswap V3 (Arbitrum One), Uniswap V2 (Ethereum), Uniswap V3 (Polygon), and Uniswap V3 (Optimism) are the top five crypto decentralised exchanges on the basis of Market Share by Volume.

Uniswap V3 (Ethereum) has the highest market share by volume of 15.6%. Uniswap V3 (Arbitrum One) and Uniswap V2 (Ethereum) follow with 4.9% and 2.0%, respectively. Uniswap V3 (Polygon) marks 1.7% market share by volume, and Uniswap V3 (Optimism) records the market share by volume of 1.0%.
6.3. Top Crypto Derivative Exchanges
Binance (Futures), Bybit(Futures), BYDFi (Futures), Bitget Futures and Deepcoin (Derivatives) are the top five crypto derivative exchanges by 24-hour open interest.

Binance (Futures) displays the highest 24-hour Open Interest of $17,732,368,644. Bybit (Futures) and BYDFi (Futures) follow with $11,931,914,631 and $9,735,334,808, respectively. Bitget Futures and Deepcoin (Derivatives) register $9,455,430,822 and $9,330,882,218 open interest, respectively.
Among the top five crypto derivatives exchanges, Binance (Futures) shows the highest 24-hour Volume of $56,137,133,472. BYDFi (Futures) follows with $21,186,587,860 volume. Bybit (Futures) and Bitget Futures register $17,252,999,974 and $16,609,950,961 in volume, respectively.
7. NFT Marketplace Weekly Analysis
Blur, Blur Aggregator, Cryptopunks, X2Y2, and Gem are the top five NFT Marketplaces by Market Share. Blur has the highest market share of 64.32%. Blur Aggregator and Cryptopunks follow with 24.87% and 3.25% market share respectively.

Among the top five NFT Marketplaces, none shows positive volume changes. The highest negative volume change is shown by Gem, which records a change of -34.97%. X2Y2 follows with -12.94%. Blur Aggregator displays a change of -5.86%. Blur and Cryptopunks mark changes of -1.41% and -1.20%, respectively.
7.1. Top NFT Collectibles This Week
CryptoPunks #741, $ORDI BRC-20 NFTs #88159, CryptoPunks #3619, Lasogette NFT #802, and Bored Ape Yacht Club #7616 are the top NFT collectibles based on Price.

CryptoPunks #741 is priced at $792,046.13. $ORDI BRC-20 NFTs #88159 costs $681,497.38. CryptoPunks #3619, Lasogette NFT #802, and Bored Ape Yacht Club #7616 are priced at $627,990.88, $273,036.16, and $248,797.03, respectively.
8. Web3, Blockchain & Crypto Funding Analysis

This week, nearly $155.40M has been raised so far. It has already crossed the previous week’s $149.60M.
8.2. Most Active Investors This Week
Animoca Brands, P2 Ventures (Polygon Ventures), Unicorn Factory Ventures, Double Peak and NXGen are the most active investors this week, based on Deals.

Animoca Brands records the highest number of deals of 4; out of these deals, 2 are normal investments and 2 are lead investments. P2 Ventures (Polygon Ventures) follows with three deals – all of them are normal investments. Unicorn Factory Ventures and Double Peak register 2 deals each – none of them are lead investments. Notably, NXGen marks one normal investment and one lead investment – a total of two deals.
8.3. Crypto Fundraising By Category
Blockchain Infrastructure, Blockchain Services, CeFi, Chain, DeFi, GameFi, and Social are the categories raised funds this week.

DeFi raised the highest amount of $69.55M. Blockchain Infrastructure, GameFi and Chain follow with $40.05M, $15.10M, and $15.00M.
8.4. Top Crypto Investment Locations
Apart from Undisclosed, the United States, Singapore and France are the top crypto investment locations, on the basis of funds raised.

When the category of undisclosed raised over $87.10M, the US amassed an amount of $56.20M. Singapore and France collected $9.50M and $2.60M, respectively.
8.5. Most Active Crypto VC Jurisdictions
The US, the UK, the UAE, Singapore and China are the most active crypto venture capital jurisdictions.

The US registers the highest number of projects 53. The United Kingdom and the United Arab Emirates follow with 11 each. Singapore and China recorded 6 each.
9. Web 3, Blockchain & Crypto Hack Updates
The total value of hacked is $8.75 billion. The total value hacked in DeFi is $5.92B and Total Value Hacked in Bridges is $2.83 billion.

A hack was reported in Sonne Finance on 15th May, 2024 – the first reported this month. A huge amount of $20 million was lost due to the hack.
Endnote
This report provides a comprehensive analysis of the current performance of various blockchains and cryptocurrencies, including Bitcoin, Altcoins, Stablecoins, AI Coins, Memecoins and Metaverse. It highlights trending coins, top gainers and losers, and delves into Crypto ETFs such as Bitcoin Spot ETFS, Bitcoin Futures ETFs, and Ethereum Futures ETFs. Additionally, it examines centralised, decentralised, and derivatives crypto exchanges, DeFi protocols, and NFT marketplaces. The report also covers crypto fundraising activities, prominent investors, key investment locations, and notable crypto hacks reported lately.
#BTC #ETHETFS #altcoins #BlackRock #MicroStrategy
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BlackRock CIO Rick Rieder believes that the Federal Reserve rates aren't going to come down, however, he spotlighted an optimistic outlook for the economic in the current situation.

In the current week, the release of the U.S. Consumer Price Index (CPI) data brought a wave of relief to the financial markets. This indicated a potential easing of inflationary pressures. Rick Rieder, Chief Investment Officer of Global Fixed Income and Head of Global Asset Allocation at BlackRock, made a bold stance regarding the report.
BlackRock CIO Comments On CPI & Fed Rate
The BlackRock CIO described the report as containing “encouraging things.” The development particularly mattwes due to persistently high inflation numbers seen in the past months. Moreover, Rieder highlighted that the recent CPI report offers a glimmer of hope.
“We saw some encouraging things in the CPI report,” he stated, according to a Bloomberg report. In addition, he emphasized that the data counters a worrying trend of “three months in a row of high numbers.” This sentiment underlines a cautious optimism that inflation might be gradually decelerating.
However, Rieder’s analysis extends beyond the immediate impact of the CPI figures. He painted a broader picture of the fixed income market. The BlackRock CIO suggested that the U.S. might be entering what he calls “the golden era of fixed income.”
He elaborated on this by saying, “not because rates are going to come down, but you can build a lot of yield in a portfolio.” The crypto community has been expecting a Fed rate cut but the BlackRock CIO’s perspective suggests otherwise. Nonetheless, this perspective underscores the attractiveness of fixed income investments in the current economic climate. Hence, higher yields can be secured despite the prospect of sustained high-interest rates.
Cooler Inflation Data Eases Concerns
The CPI, a critical measure of inflation, showed a smaller increase than in previous months. Hence, many see this as a sign that the aggressive monetary tightening by the Federal Reserve could be having its intended effect.
The CPI data for April 2024 revealed that consumer prices rose by 0.4% from the previous month and 4.9% from a year earlier. This year-over-year increase, while still above the Federal Reserve’s 2% target, represents a deceleration from previous months, where inflation had consistently posted higher figures.
Notably, this marks the first time in over two years that the annual inflation rate has fallen below 5%. Experts suggested that the peak of the inflation surge may be behind us. Moreover, the Bitcoin (BTC) price rallied above $65,000 after the release of this report, indicating a positive sentiment.
#BlackRocks #altcoins #BTC☀️ #BTC🔥🔥🔥🔥🔥 #BTCEFTS
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The crypto gaming industry, known as GameFi, is experiencing a remarkable surge, reaching a market valuation of $21.8 billion, reflecting a 3.8% increase within a single day. This exponential growth has caught the attention of analysts, signaling a pivotal moment for the sector.
With major developments unfolding and significant anticipation surrounding upcoming game launches, the GameFi market is poised for unprecedented expansion.
Gaming Market On The Boom
In a recent tweet, well-known crypto analyst Miles Deutscher highlighted the significant growth and potential of the crypto gaming market. This surge comes after years of development and experimentation, indicating an important turning point for the gaming sector.
Analysts further highlight the industry’s excitement for the next generation of web3 games. After years of dedicated effort and innovation, the gaming sector stands on the brink of a breakthrough.
The upcoming launch of top-tier games like “play off the grid” and “Nyan Heroes” could propel the GameFi sector to new heights. These releases have the potential to spark widespread interest and drive adoption in the gaming community.
Top GameFi Coins to Watch
Pixels (PIXEL): $PIXEL is a pioneering gaming platform that allows players to engage in various tasks while earning cryptocurrency rewards.
Floki (FLOKI): $FLOKI is a decentralized meme token with potential gaming and DeFi project applications.
Immutable X (IMX): IMX enables scalable and secure NFT transactions on Ethereum, supporting the growing demand for digital collectibles.
The Sandbox ($SAND ): The Sandbox virtual world, enables users to create, own, and monetize gaming experiences.
Axie Infinity (AXS): AXS is the governance token of Axie Infinity, a blockchain-based game featuring collectible creatures (Axies).
Looking Ahead
As the crypto gaming market continues to expand and evolve, analysts and investors alike are paying close attention to emerging trends and opportunities. With major developments on the horizon and top-tier games set to launch, the GameFi sector is poised for significant growth in 2024 and beyond.
#altcoins #GameFi #notcoin #Floki #BTC
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Bitcoin layer-2 developer Alex Labs has successfully recovered over $3.9 million worth of cryptocurrencies following an exploit on its BNB Smart Chain bridge.
The attack focused on the wallets of the bridge, which used the keys that were compromised in an earlier phishing attack. The team was able to freeze funds amounting to $3.7 million held across various centralized exchanges (CEXs), with additional funds still under the attacker’s control.

The squad has already recovered 17 tokens, which are aBTC, sUSDT, and Alexcoin. However, $9.6 million is still directly controlled by the attacker residing in the wallets. Alex Labs is giving a 10% reward for accomplishing the hacking task and will be filing a police report which will help in recovering the funds from the hacker.
They also propose to go for a treasury reserve grant program using the insurance company fund to support those who are sideways affected.
Due to the large amount of STX tokens involved in the exploit, Alex Labs is considering proposing a network upgrade to freeze remaining funds and mint new tokens for victims.
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Notcoin’s $6.8M donation to Telegram’s founder sparks skepticism about the motives behind the move.
Recently, Telegram’s founder, Pavel Durov, received a substantial donation of $6.8 million worth of Notcoin (NOT) from the TON-based game, Notcoin. This move has generated significant scrutiny within the crypto community.
Notcoin’s Donation Raises Eyebrows
On Friday, May 17, the newly launched project Notcoin (NOT) sent 1.03 billion of its tokens to Telegram’s founder Pavel Durov. The donation, equivalent to $6.8 million, came after an earlier pledge from its community, framed as a gesture of appreciation for Telegram’s contributions to crypto. 

However, since the pledge was revealed in February, it has raised eyebrows and caused a stir in the community. Notably, the team revealed that all donors would receive twice the amount they contributed. For that reason, many users have voiced dissatisfaction with the Notcoin team’s lack of communication.
For instance, one Twitter user Le_(Q)eN stated, “Well, this is unfair, why didn’t you make a statement before saying that you will receive twice the amount you donated?” 

The lack of transparency also raises concerns over insider trading. For instance, team members who would have known about the doubling of the donations could have pledged their funds for Durov. This would have allowed them to effectively double their holdings with zero risk. 
There is also a concern that the donation could be an undisclosed payment for a promotion. On May 17, the same day he received the donation, Durov praised Notcoin as an “amazing success story.” 
Notcoin Drops More than 50% in a Week
Crypto giveaways and airdrops are a popular way for crypto projects to get attention. Several high-profile projects have already sent free tokens to prominent crypto personalities. For example, Vitalik Buterin sold around $700,000 worth of memecoins he got for free. 
Since memecoins have a low success rate, there is little downside in giving away free tokens. If these giveaways can help the tokens gain enough attention, they are a net positive for the holders.
The donation could have given Notcoin some exposure. However, in any case, Notcoin’s launch had mixed results. Since its launch this week, Bitcoin has already dropped 53.16%. Its market cap is currently at $717 million, putting it at 107th place among crypto tokens.  

Why This Matters
Transparency is one of the crypto community’s key values. However, crypto projects have repeatedly fallen short of this. When it comes to any major decision, including crypto donations, the community must know what they are for and what the terms are before participating.
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According to Ki Young Ju, CEO of CryptoQuant, the Bitcoin current market dynamics suggest a bullish phase that could extend well into April 2025.
Ju’s analysis comes amid BTC’s current uptrend, which appears to be a continuation of that seen in March, when BTC achieved a new all-time high, surging above $73,000 for the first time.
Bitcoin Market Cap Growth Indicates Prolonged Uptrend, Says CryptoQuant CEO
Notably, Ki Young Ju’s prediction stems from an analysis of Bitcoin’s market capitalization growth, which has been outpacing its realized capitalization — a measure of the market’s aggregate cost basis.

This trend is a classic indicator of a strong bullish cycle and has been a reliable harbinger of sustained upward momentum in past market cycles.
Ju’s analysis highlights that the market cap’s rapid growth compared to the realized cap suggests increased investor confidence and market momentum.
This pattern has historically signaled prolonged bullish phases. If the current trends persist, this cycle is expected to continue, leading to significant gains in Bitcoin’s value over the next year and a half.
Bitcoin has shown a positive trend, with a 1.9% increase in the past 24 hours and an over 12% rise in the past two weeks. At the time of writing, it is trading around $67,201.

Institutional Adoption And Market Sentiments Underpin Bullish Outlook
The optimistic outlook for BTC is not just based on historical trends and market cap analysis. Recent developments in institutional adoption provide further support for this positive trajectory.
Anthony Scaramucci, the founder and managing partner of SkyBridge Capital and a notable Bitcoin advocate, recently discussed on CNBC’s Squawk Box how US pension funds are beginning to invest in BTC.
This move by institutional investors, such as the State of Wisconsin Investment Board’s approximately $100 million investment in BTC, signals a broader acceptance and integration of BTC into traditional financial portfolios.
Scaramucci emphasized that institutional BTC adoption is unfolding rapidly, and he anticipates more pension funds will pursue Bitcoin investments. He pointed out that regulatory approvals have opened the doors for large-scale institutional participation in BTC.
This endorsement will make Bitcoin a staple in these institutions’ long-term asset allocation strategies. According to Scaramucci, understanding Bitcoin and the history of money is key to recognizing its potential.
He remarked, Being early in Bitcoin is profitable, and “we are still early… sometimes when you’re early you get some bumps and scrapes.”
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The crypto market is buzzing with a new wave of energy as coins are rising rapidly. Investors are eyeing which altcoins will outperform and lead this surge. The recent trend hints at a robust bullish phase in 2024, igniting a keen interest in the crypto community. This article dives into the top contenders poised to dominate this exciting rally. Each selection is backed by compelling performance indicators, setting the stage for potentially lucrative opportunities.
Over $6 Million Raised: BlastUP Presale Continues, Offering Up To 1000% Potential ROI
BlastUP has been getting a lot of attention lately thanks to its high potential to become a major force in the crypto industry. This pioneering launchpad on Blast has already attracted over 15,000 active users.
The ongoing presale of BlastUP is a huge success, more than $6 million raised so far. The BlastUP token is considered by crypto experts as a hidden crypto gem that can skyrocket 1000% by the end of this year.
BlastUP helps crypto startups grow faster and earn more. As BlastUP forges ahead, it remains committed to creating a global hub for the Blast community. BlastUP is rapidly gaining traction for the benefit of all participants in this ecosystem.
BlastUP's roadmap extends into 2026, promising the introduction of AI-driven tools and the Community Marketplace, further enriching the ecosystem's capabilities.
The BlastUP token, a cornerstone of the platform, unlocks access to tiered IDO launches, staking rewards, and exclusive loyalty benefits.
NEAR Protocol Shows Strong Bullish Momentum Amid Market Optimism
The recent performance of NEAR Protocol has caught the attention of many investors, showcasing a substantial uptick. The current trend indicates a robust demand as the coin's value has been pushing upwards, with market watchers noticing that it's outpacing its previous benchmarks. Resistance levels are being approached with a steady advance, hinting at a potentially continued growth trajectory. The token has relatively balanced momentum, and coupled with its technological backing and scaling solutions, NEAR is in a position to further capture market interest.
Polygon's MATIC Shows Resilience Amid Market Fluctuations
Polygon's MATIC token is currently experiencing a steady phase after earlier ups and downs. Its price seems stable and it stays above its average values from both short and longer periods. The underlying interest and optimism in MATIC could be linked to its utility within the blockchain ecosystem, where it's used to pay for services on the Polygon network — known for its speed and lower costs for transactions. If this utility and positive sentiment continue, MATIC could maintain its current stability or possibly increase in value.
Pepe Gains Momentum Amidst Market Speculation
Pepe (PEPE) is experiencing a notable uptrend, reflecting a positive outlook among investors. The coin has recently been trading near a price point that's higher than average, suggesting an increase in demand. It's currently facing a challenge to break past a certain price barrier, while having a cushion at a lower price, hinting at the possibility of sustained interest. With its recent price trends catching the eye of market watchers, the sentiment is skewed towards optimism, possibly leading to bullish behavior in the near term. Coupled with its unique character in the crypto space, Pepe could see its profile rise if the current market sentiment continues to hold.
Hedera Displays Steadfast Growth Amid Market Fluctuations
The trading pattern of Hedera reveals a steady climb over recent times, showing more people buying than selling. This upturn reflects a growing confidence among investors in its potential. Hedera's capacity to handle high volumes of transactions quickly, its low fees, and its partnerships for various applications position it well in the market. As it sustains this momentum, Hedera could draw even greater attention, suggesting a bright outlook if it continues to demonstrate utility and attract users to its network.
Conclusion
In summary, while altcoins like $NEAR , MATIC, $PEPE , and $HBAR may not show significant short-term growth, BlastUP stands out with its high potential for the current bull run. The strength of BlastUP lies in its innovative concept and its integration with the broader Blast ecosystem, which could drive its leadership in the upcoming rally.
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