BlockDAG is rapidly emerging as a premier altcoin for 2024, propelled by a remarkable keynote delivered from the moon. This event showcased over 45 updates related to development, highlighting BlockDAG’s strides in enhancing speed, usability, security, and scalability. 

Key developments include the launch of new application betas and significant upgrades to their blockchain technology. Recognised by major media outlets like Forbes, Cointelegraph, and Bloomberg, BlockDAG’s promotional activities have been exceptional. While Polygon (MATIC) currently struggles at a crucial price point of $0.63, and Kaspa (KAS) displays potential, BlockDAG’s swift progress and dynamic marketing efforts position it as a superior investment option.

Critical Juncture for Polygon (MATIC): Is It Wise to Invest Now?

Polygon is pivotal, trading around a key support level of $0.63. Over the last week, MATIC’s price fell by 10%, suggesting a bearish market outlook. This decrease is part of a stabilisation pattern, with prices fluctuating between $0.64 and $0.75, indicating a tug-of-war between buyers and sellers. 

Why invest now? If MATIC holds at the $0.63 support level, it could rise to $0.67 or more. Given Polygon’s prominent role as a leading Layer 2 scaling solution for Ethereum, it is positioned for potential future growth. Monitoring market trends and crucial technical signals is essential for informed investment decisions.

Kaspa (KAS) Demonstrates Growth Potential

Kaspa has recently achieved new all-time highs, with a peak on June 5, 2024, making analysts hopeful about its future performance. LongTerm has praised Kaspa for its durability and quick rebound from recent market downturns, suggesting it may surpass other cryptos. Kaspa has surpassed critical resistance levels and is now testing the RSI-based moving average again, which is a positive signal. 

Another analyst, Bitcoin Ape, remarks that although Kaspa’s slight decline is linked to Bitcoin’s market movements, KAS seems poised for another run at its peak. With strong indicators and robust performance, Kaspa represents a compelling growth opportunity in the cryptocurrency sphere.

BlockDAG Set to Reach $1 Following Lunar Keynote

BlockDAG positions itself as a top altcoin choice for 2024, buoyed by its recent lunar keynote. This presentation included over 45 development updates, showcasing BlockDAG’s speed, usability, security, and scalability improvements, featuring exciting new app betas and significant blockchain advancements. The promotional efforts of BlockDAG have been striking, with endorsements from well-known publications and visibility in major global cities. 

The roadmap revealed important upgrades like the Peer-to-Peer Engine, Metamask Integration, Block plus DAG Algorithm, and EVM Compatibility. The keynote also disclosed that BlockDAG could amass $5 million in daily earnings, with their upcoming mainnet launch expected to bring significant advancements in blockchain technology. 

Subsequent investor interest led to a 1300% increase in BDAG’s price, with the platform selling over 11.8 billion coins and accumulating more than $54.3 million. The release of the X1 beta version app, available for Android and Apple devices, has expanded BlockDAG’s user base, allowing for easy mining of cryptocurrencies from smartphones without draining data or batteries.

Key Insights

Investing in cryptocurrencies such as BlockDAG, Polygon (MATIC), and Kaspa (KAS) could offer substantial rewards in 2024. BlockDAG’s innovative keynote and rapid technological advances make it a top contender, with prospects of $5 million in daily earnings and an 5000% price increase. 

Polygon is at a decisive support level, where a successful defence could lead to significant gains. Kaspa has shown resilience and impressive performance, with indicators that predict continued growth. These cryptocurrencies present unique benefits, making them attractive options for investors seeking to diversify and leverage opportunities in the evolving crypto market.

Invest in the BlockDAG Presale:

Presale: https://purchase.blockdag.network

Website: https://blockdag.network

Telegram: https://t.me/blockDAGnetwork

Discord: https://discord.gg/Q7BxghMVyu

The post Record-Breaking $54.3 Million Presale: The Rising Dominance of BlockDAG Over Polygon (MATIC) and Kaspa’s Future Prospects appeared first on Crypto News Land.

T-Rex Group’s new ETF could be the most volatile in the US.

MicroStrategy holds over 214,400 Bitcoins, influencing its share value.

Global firms are adopting Bitcoin to hedge against economic instability.

T-Rex Group has entered the financial landscape with a bold move, applying to launch a highly leveraged MicroStrategy ETF in the United States. Dubbed the “ghost pepper” of ETFs by analysts, this fund is poised to deliver approximately twenty times the volatility of the S&P 500, indicating a high-risk, high-reward investment opportunity.

Unprecedented Potential Volatility

Eric Balchunas, a senior analyst for Bloomberg on ETFs concurred with the idea saying that the proposed fund could possibly be among the most volatile ETFs to be launched in the US market. His commentary is still informative on how this ETF could be quite influential, referring to the volatility of a three-times-leveraged MicroStrategy ETF which is available on the European market, and which makes the Nasdaq-100 seem rather docile in comparison.

T-Rex just filed for the first-ever 2x Microstrategy $MSTR ETFs.. these are a near-lock to be most volatile ETFs ever seen in the US, will likely be in the neighborhood of 20x the volatility of SPX. The ghost pepper of ETF hot sauce. pic.twitter.com/NlUQMVTOxI

— Eric Balchunas (@EricBalchunas) June 27, 2024

Its current CEO Michael Saylor has made MicroStrategy intensively engage in the purchase of Bitcoin, with the company now holding more than 214,400 of them. The company’s approach demonstrates an aggressive approach towards digital currencies making it one of the key players in the sphere of cryptocurrency investment. 

Additionally, several companies worldwide are following in MicroStrategy’s footsteps, integrating Bitcoin into their treasury strategies to hedge against inflation and economic instability. Notable examples include Japanese investment firm Metaplanet and Canadian venture capital firm DeFi Technologies, which have both invested substantial amounts into Bitcoin as a core asset.

Market Trends and Implications

The introduction of this new ETF by T-Rex Group signals a growing acceptance and integration of high-volatility investment options within traditional financial markets. As companies and investors increasingly lean towards digital assets, the landscape of financial investment continues to evolve, incorporating more dynamic and diverse strategies to leverage the potential of cryptocurrencies.

Read Also:

Microstrategy Stock Outperforms Big Tech, Grows 121%

MicroStrategy Announces $299M Loss, Remains Bullish on Bitcoin

MicroStrategy’s $6B Bitcoin Bonanza: Will Apple and Facebook Follow?

MicroStrategy Seeks to Raise $700 Million for Additional Bitcoin Purchases

Bitcoin Hero Michael Saylor Announces Long-Term Strategy for Institutional BTC Buying via MicroStrategy

The post T-Rex Group Initiates Filing for a High-Volatility MicroStrategy ETF appeared first on Crypto News Land.

CleanSpark acquires GRIID for $155M, adding 400MW to its grid.

Acquisition includes a $5M loan and $50.9M for immediate obligations.

CleanSpark’s capacity in Tennessee to reach 400MW by 20

One of the prominent Bitcoin mining companies identified as CleanSpark has recently sealed a massive deal in which it acquired GRIID Infrastructure through share for $155 million. This is expected to significantly increase CleanSpark’s wattage and is considered to be a major step forward in the firm’s development plan. The acquisition entails acquiring all of GRIID’s shares as well as its liabilities, and getting a hosting agreement providing CleanSpark with 20MW of power.

Financial Commitments and Growth Projection

In addition to the acquisition, CleanSpark has extended a $5 million working capital loan to GRIID and allocated $50.9 million for immediate obligations. The concept behind this strategy is to gain extra 400MW in the target grid system by the next few years.

 Zach Bradford, the CEO said, “After closing we expect to focus in on the best opportunities in the GRIID pipeline. We anticipate that this will allow us to exceed 100 megawatts in Tennessee by the end of this calendar year and eventually grow that to 200 megawatts in 2025 before exceeding 400 megawatts in 2026. At every step of the way we will continue to work together with local communities as we build infrastructure capable of powering as much as one gigawatt of data center operations in Tennessee.”

We’ve announced an agreement to acquire @griid based on an enterprise value of $155 million and expansion plans of over 400 MW in Tennessee. $CLSK expects to add over 400 MW in the state over the next two years.Under the definitive merger agreement, we will purchase all issued… pic.twitter.com/Pd5oXPq4zp

— CleanSpark Inc. (@CleanSpark_Inc) June 27, 2024

Enhanced Presence in Tennessee and Industry-Wide Trends

GRIID presently operates two mining facilities in East Tennessee and a co-located site in New York, with a combined capacity of 68 megawatts predominantly in Tennessee. The acquisition aligns with CleanSpark’s broader strategy amid a trend of data center acquisitions within the Bitcoin mining sector. CleanSpark recently acquired five facilities in Georgia, adding 60 megawatts to its operations, underscoring its commitment to expansion.

This purchase highlights CleanSpark’s dedication to improving its power infrastructure and operational efficiency in the competitive Bitcoin mining industry. CleanSpark is committed to developing strong partnerships with local communities to support sustainable data center operations as it continues to expand. The recent acquisition of GRIID Infrastructure has increased CleanSpark’s power capacity.

Read Also:

CleanSpark CEO Urges Biden to Embrace Bitcoin Mining in Open Letter

Russia Bolsters Crypto Mining Capacity to 500 Megawatts

Trump’s Endorsement of Bitcoin Mining Sparks Stock Surge in Market, BTC Price Remains Unphased

Donald Trump Voices Support for Bitcoin Mining Industry

El Salvador’s Green Bitcoin Initiative: Mining 474 BTC with Volcanic Power

The post CleanSpark Secures GRIID Acquisition, Plans Major Power Growth appeared first on Crypto News Land.

A Bull Run and altcoin season could break out any day now. The overall market is calm, but anticipation is in the air. Altcoins are still at their lows, seemingly ready to explode at any moment. This potential explosive growth has many investors on the edge of their seats, wondering which cryptos could deliver impressive gains of 25 to 50 times their current value. In this article, there will be a deep dive into which coins are primed for such remarkable growth. Get ready to discover where the future potential lies in the crypto world.

BlastUP Provides Final Opportunity to Get $BLASTUP Ahead of Its TGE

In just over 3 months since its launch, BlastUP has already confirmed its pivotal role in the Blast ecosystem, serving as a groundbreaking launchpad for crypto startups. It has raised a phenomenal $8 million in its presale and formed a thriving community of nearly 20,000 $BLASTUP holders. In keeping with its goal of accelerating growth, BlastUP has already launched 4 successful Initial DEX Offerings (IDOs), helping new projects build a strong foundation for a stellar start. 

Currently, BlastUP is preparing for the token generation event scheduled for 24 July 2024. BlastUP tokens (BLASTUP), which were sold for pennies during the presale, will be priced at $0.1 at the listing.  

Last Chance to buy BLASTUP Token at the Best Price!

The only way to get the BLASTUP token at the presale price now is to purchase Blastbox V2. It is a loot box that contains a certain amount of $BLASTUP and Booster Points, special tokens used to reward the most active community members. 

Those who buy Blastbox V2 get a treasure chest that gives them access to a number of privileges. Owners of Blastbox V2 can:

Access the launchpad IDOs and get exclusive rewards

Participate in airdrops and get free tokens and NFTs

Receive higher interest for staking $BLASTUP

Importantly, the supply of Blastbox V2 is limited to 9999. The scarce availability can quickly drive up demand, so it is wise to hurry up and buy these rare loot boxes while you can.

Buy Blastbox V2 While You Can

Sei (SEI) Shows Signs of Potential as Bulls Prepare for a Breakout

Sei (SEI) is trading between $0.31 and $0.40, showing a battle between bulls and bears. The nearest resistance sits at $0.45, and the current price is close to its 10-day and 100-day moving averages of $0.36. This indicates stable yet cautious activity. Though it dropped over one-third in the last month, the RSI at 47.05 and stochastic at 23.62 suggest it’s not oversold. A break past the $0.45 resistance could push it towards the second resistance at $0.54, a gain of around 50%. Keep an eye on the bulls; they might be gearing up for a breakout.

Bulls Watch: Ondo Making a Strong Comeback Potential

Ondo (ONDO) is currently trading in the range of $0.97 to $1.26, showing slight turbulence. Despite a recent dip of around 7% over the past month, Ondo still boasts an impressive 3757% rise over the last six months. Bulls seem to be eyeing the next resistance at $1.43, a climb of up to 13% from its current upper range. Strong growth potential looms with the second resistance level at $1.72, which could mark a nearly 36% increase. While there are signs of weakness with an RSI of 42.88 and a stochastic value of 20.28, the long-term trend still holds promise. Keep an eye out: bull season might just be getting started.

Polkadot Poised for Growth: Bulls Eyeing $7.73 Resistance

Polkadot (DOT) is on the cusp of a breakout. Currently trading between $5.28 and $6.22, the bulls seem to be gathering strength. The nearest resistance level is at $6.79, a point the bulls are eyeing. If it crosses this, DOT could soar to the $7.73 mark, a potential 30% upswing from the current high of $6.22. Recent positive movement is evidenced by a 10.82% gain this week. Despite a 15.20% drop over the past month, the Relative Strength Index (RSI) indicates bullish sentiment. DOT’s growth potential is clear, with the bulls possibly driving prices even higher in the coming days.

Worldcoin (WLD) Poised for Major Breakout Despite Recent Dips

Worldcoin (WLD) currently trades between $2.38 and $3.37, showing signs of potential growth. Although recent drops of nearly 8% over the past week and 40% over the past month suggest bearish trends, the coin remains above its nearest support level of $1.94. Bulls could drive WLD to the first resistance level of $3.92, a surge of nearly 40%, or even to the second resistance level at $4.91, which would mean around a 70% increase. With the RSI near 50, it’s in a neutral zone, indicating potential for upward momentum. The MACD level is slightly positive, hinting at an upcoming bullish phase. This could signal the start of a new bull run for WLD.

Conclusion

SEI, ONDO, DOT, and WLD show good potential, but they might not give massive gains in the short term. On the other hand, BLASTUP stands out. Its unique concept and its place within the Blast ecosystem make it a strong contender for high returns. This project is poised for significant growth during the current bull run.

Site: https://blastup.io/

Twitter: https://twitter.com/Blastup_io

Discord: https://discord.gg/5Kc3nDhqVW

Telegram: https://t.me/blastup_io

The post Prepare for the Bull Run: Which Cryptos Could Deliver 25-50X Gains? appeared first on Crypto News Land.

Notcoin’s recent token burn of 210 million NOT tokens has sparked positive market sentiment.

The Explore initiative rewards active users, fostering demand for NOT tokens.

The falling wedge pattern suggests a potential price surge, targeting $0.023 to $0.031.

On June 25, the Notcoin team burned a whopping 210 million NOT tokens, valued at $3 million, resulting in a remarkable 16.40% price surge to $0.0164 per token.

Token burning involves permanently removing a certain number of tokens from circulation. This is achieved by sending the tokens to a special address, commonly known as a ‘burn’ or ‘eater’ address.

In addition to the token burn, Notcoin is actively engaging its community through Notcoin’s Explore initiative. The project is distributing $4.2 million worth of NOT tokens to its most active users. 

By incentivizing participation and rewarding users for completing tasks within the Notcoin ecosystem, the initiative ensures a steady demand for NOT tokens. Such community-oriented efforts come in handy for sustained interest and growth in the token.

Technical Analysis and Price Prospects

Notcoin’s price movement has formed a falling wedge pattern, typically considered a bullish signal in technical chart analysis. If this pattern holds, we could see Notcoin’s price soar by 45-100% in the coming weeks, targeting a range between $0.023 and $0.031. 

$NOT {Update}A bullish wedge pattern, which can indicate a breakout, has been identified.Bullish Scenario:If the price breaks out above the wedge's resistance line (upper trendline) with good volume, a significant price increase could be expected.@BreakOut_Expert pic.twitter.com/0prG6qSK7x

— CryptoBreakout_trade (@breakout_expert) June 27, 2024

Notcoin’s strategic moves, from token burns to user incentives, demonstrate a dynamic approach to fostering growth and stability in its market cap. Beyond short-term gains, the project is laying the groundwork for long-term viability in the competitive crypto space. 

Read Also 

Revolutionizing the Game: Notcoin (NOT) Rockets 370% to Join Top 50 Cryptos- Don’t Miss Out

TON Blockchain Hosts Notcoin Launch, Over 80 Billion Tokens Airdropped

Notcoin Surges Over 230%, Reaching All-Time High: What’s Next?

Viral Game Notcoin’s Creators Hint at Real On-Chain Token on TON

Notcoin Forecasts 100% Price Rally with Token Burn and User Drive

The post NOT Fuels Positive Market Shift as Notcoin Burns 210 Million Tokens, New ATH Soon? appeared first on Crypto News Land.

A major bull run and an altcoin season might commence any day now. The overall market remains calm, but this calm could be the precursor to a storm of gains. Altcoins, currently at their lows, are poised to explode with potential. As anticipation builds, the excitement around which altcoins might lead the charge grows. This article presents the top 5 altcoins likely to shine in the 2024 bull run. With each altcoin offering unique opportunities, the next breakout stars are just around the corner. Discover which coins are ready for significant growth, promising thrilling returns as the market wakes up.

BlastUP Releases Blastbox V2: a Treasure Trove Full of Perks

Fresh off raising $8 million in its presale, BlastUP, the top launchpad on Blast, introduces another opportunity to get $BLASTUP tokens at the presale price with the launch of Blastbox V2. This loot box is a treasure chest brimming with perks, including $BLASTUP tokens and Booster Points. Buying BLASTUP tokens ahead of TGE offers a chance to make a smart investment, as experts are predicting potential returns of up to 1000%.

Blastbox V2 offers more than just valuable assets; it’s a gateway to exclusive privileges on BlastUP. Owners enjoy benefits such as NFT and token airdrops, membership in the BlastUP Club, and priority access to IDOs.

Discover the Full Potential of Blastbox V2

Obtaining Blastbox V2 is your last chance to secure early access to BlastUP at the best price. This launchpad is rapidly emerging as a powerhouse in the Blast blockchain, already making waves with four successful IDOs.

If you are still searching for the next big crypto treasure, look no further. With only 9999 Blastboxes V2 available at launch and packed with unmatched utility, these rare loot boxes are poised to fly off the shelves.

Grab Your Blastbox V2 Now, Before They’re All Gone!

Toncoin Shows Promise: Will It Surpass Resistance Levels Soon?

Toncoin (TON) is making waves with a current trading range of $6.84 to $8.10. Recent gains of nearly 18% over the past month show bullish momentum. However, with a Relative Strength Index (RSI) of about 42, buyers need to step up for further gains. Eyes are on the $8.70 resistance level. If it breaks, a move to the $9.97 mark could be likely, representing a jump of over 20%. The support level at $6.17 should keep bears at bay. Given the 221% surge in the last six months, Toncoin has strong growth potential. Keep watching this coin; the future looks promising.

Optimism (OP) Shows Potential for Bullish Growth Amid Current Price Struggles

Optimism (OP) currently trades within a range of $1.53 to $1.99, signaling a mixed sentiment in the market. Bulls face challenges near the resistance level of $2.28, while support holds firm at $1.35. Despite a recent dip with a 30% drop over the past month, the coin’s potential for growth remains strong. If Optimism manages to break past $2.28, it could rally to $2.75, marking a possible gain of over 40%. The Relative Strength Index at 47.31 hints at balanced buying and selling pressures, but with the right momentum, a bullish rally could be on the horizon. Keep an eye on these key levels for potential upward action.

Aptos (APT) Holds Steady With Room to Surge

Aptos (APT) is currently trading between $6.07 and $7.66, suggesting a consolidation phase. The bulls appear steady, as the current price is holding above the 10-day and 100-day moving averages of $7.02 and $6.89, respectively. With an RSI of 52.08, there’s potential for growth. If it breaks the nearest resistance at $8.58, it could soar another 17% to the second resistance level of $10.16. Conversely, if the price dips, strong support at $5.41 and $3.83 could cushion the fall. Recent price changes hint at a balanced struggle between bulls and bears, but a break past resistance could spark a new rally.

Blur (BLUR): Bulls and Bears Battle for Control in Stagnant Market

Blur’s price currently lingers between 21 and 29 cents, suggesting both bulls and bears are indecisive. The nearest resistance stands at 34 cents, while the support is at 19 cents. If bulls can push past the 34-cent mark, we might see a rally toward the 41-cent level, an increase of about 30%. However, with the RSI at 43.40 and the MACD slightly negative, the momentum is weak. Still, if positive sentiment returns, Blur holds significant potential for growth beyond its short-term struggles.

Conclusion

TON, OP, APT, and BLUR show some potential, but gains might be limited in the short term. Among these, BLASTUP stands out the most. The concept behind BLASTUP and its connection to the Blast ecosystem make it a promising option. It offers the highest potential for growth in the current market scenario.

Site: https://blastup.io/

Twitter: https://twitter.com/Blastup_io

Discord: https://discord.gg/5Kc3nDhqVW

Telegram: https://t.me/blastup_io

The post Top 5 Altcoins for 2024 Bull Run appeared first on Crypto News Land.

The crypto market is bracing for a major shift. A substantial bull run is seemingly around the corner, with an anticipated altcoin season set to follow. For now, market conditions remain steady, with altcoin prices still hovering at lower levels. This quiet before the storm brings a high potential for explosive growth. This article delves into the cryptocurrencies that have the potential to reach a $10 billion market cap this year. Readers will uncover which coins are poised for a significant surge and are worth keeping an eye on as the market dynamics evolve. The spotlight will be on those altcoins ready to ride the wave and break into the big leagues.

CYBRO Presale Achieves $1 Million Milestone: A One-in-a-Million Investment Opportunity

CYBRO is capturing the attention of crypto whales as its exclusive token presale quickly surges above $1 million. This cutting-edge platform offers investors unparalleled opportunities to maximize their earnings in any market condition.

Experts predict a potential ROI of 1200%, with CYBRO tokens available at a presale price of just $0.025 each. This rare, technologically advanced project has already attracted prominent crypto whales and influencers, indicating strong confidence and interest. In an exciting development, CYBRO has also launched a referral program active until July 15, offering 12% from direct referees’ token purchases, 3% from second-level referees, and 2% from third-level referees. Rewards are sent weekly in USDT, and referees earn double CYBRO Points on their first deposit using the referral code.

Holders of CYBRO tokens will enjoy lucrative staking rewards, exclusive airdrops, cashback on purchases, reduced trading and lending fees, and a robust insurance program within the platform.

With only 21% of the total tokens available for this presale and approximately 25 million already sold, this is a golden opportunity for savvy investors to secure a stake in a project that’s truly one in a million.

>>>Join CYBRO and aim for future returns up to 1200%<<<

Notcoin (NOT) Prepares for Lift-Off: Bulls Gather Momentum

Notcoin (NOT) has been steadily climbing, currently trading in the $0.0116 to $0.0191 range. Bulls are showing promise, evidenced by a 66.26% gain over the past month and an impressive 661.65% rise over six months. The next hurdle is the resistance level at $0.0236, and if bulls charge through, $0.0311 is within sight. A surge to the latter could mean a potential rise of almost 100%. With the Relative Strength Index (RSI) at 44.31 and other indicators suggesting room for growth, Notcoin could be poised for a breakout. The momentum is strong, and the bulls are far from weak.

Celestia’s (TIA) Next Move: Will Bulls Take Charge?

Celestia (TIA) is currently bouncing between $5.30 and $7.59, showing mixed signals from both bulls and bears. Despite a 1-week decline of almost 1%, the real story is in its month-long slump of nearly 46%. The RSI is at 46.37, suggesting neither overbought nor oversold conditions. If the bulls gain momentum, Celestia could soar past the $9.10 resistance level and head toward the $11.39 mark, offering a promising rise of over 50%. However, if bears maintain control, prices could dip to the $4.52 support level or even the second support at $2.23, risking drops over 50%. Now is the time for investors to watch closely.

Jupiter (JUP) Eyes Next Bull Run With Strong Potential for Growth

Jupiter (JUP) is making waves despite recent mixed signals. Trading between $0.65 and $0.88, bulls and bears have been evenly matched. The key resistance at $1.02 could ignite a surge, with another hurdle at $1.26 offering room for further gains. With the Relative Strength Index at 47.77 and low Stochastic at 10.94, JUP suggests an oversold condition, ready for a bullish rebound. A 7.90% rise in the past week adds fuel to the optimism. If it breaks through these levels, JUP could see significant growth, potentially rising by more than 20% to 50% in the near term.

Conclusion

In the current bullish market, NOT, TIA, and JUP have some potential but appear less promising in the short term. The real standout is CYBRO. With its groundbreaking approach to decentralized finance and a first release expected in Q2 2024, CYBRO presents an attractive opportunity. Early investors can benefit by joining the CYBRO token presale now.

Site: https://cybro.io

Twitter: https://twitter.com/Cybro_io

Discord: https://discord.gg/xFMGDQPhrB

Telegram: https://t.me/cybro_io

The post Cryptocurrencies That Can Reach $10b Market Cap This Year appeared first on Crypto News Land.

While Dogecoin experiences a significant price drop and Floki Inu catches the eye as an undervalued asset, BlockDAG has emerged with a remarkable $54.3 million from its presale, energized by its Keynote 2 revelations. This event also highlighted the impressive enhancements made to the X1 Miner app, affirming BlockDAG’s status as a premier crypto mining platform. With its scalable solutions and advanced technology, BlockDAG presents a more stable and promising investment than more volatile cryptocurrencies.

Dogecoin Experiences Steep Decline

Recently, Dogecoin’s value plummeted to a three-month low of $0.11, with the market witnessing over $60 million in liquidations of long DOGE positions. This dramatic 30% drop since June 1 reflects a significant market correction as investors shift away from meme coins. The derivatives market trends have exacerbated this downturn, with substantial liquidations hinting at further potential declines for Dogecoin.

Floki Inu Faces Market Challenges

Concurrently, Floki Inu’s price has significantly dropped, positioning it as a potential bargain for altcoin investors seeking high volatility opportunities. With a recent price drop of 36% in just a week, trading at $0.0002027, Floki Inu is currently the market’s most notable decliner, offering chances for traders to leverage these large fluctuations.

BlockDAG’s Innovations Highlighted in Keynote 2

BlockDAG stole the spotlight in its Moon Keynote earning $54.3 million in presale, showcasing major updates to the X1 Mining app alongside advances in its blockchain framework, a fully transparent team, global marketing initiatives, and roadmap enhancements. These strides emphasize BlockDAG’s dedication to innovation and clarity in the crypto-mining platform domain.

A key innovation is BlockDAG’s implementation of the Detailed Acyclic Graph (DAG) technology, enhancing concurrent transaction processing and bolstering network security and reliability. Additionally, its approach to decentralized application development simplifies meme coin creation, inviting wider participation from those without technical expertise.

The Keynote also showcased the beta version of the X1 Mining app, now available on both Android and iOS, which supports convenient mobile mining. Users can mine up to 20 BDAG daily with minimal impact on device battery life. Features such as wallet integration, send/receive capabilities, and a community hub are all aimed at enriching the user experience in anticipation of the mainnet launch.

Final Thoughts

BlockDAG is revolutionizing the cryptocurrency mining platform landscape with significant updates and a successful presale highlighted during Keynote 2. As Dogecoin and Floki Inu navigate market challenges, BlockDAG strengthens its position with robust community support and investment attraction, highlighted by a presale that soared to $54.3 million. This positions BlockDAG as an attractive option for investors looking for the next significant breakthrough in the crypto market.

Join BlockDAG Presale Now:

Website: https://blockdag.network

Presale: https://purchase.blockdag.network

Telegram: https://t.me/blockDAGnetworkOfficial

Discord: https://discord.gg/Q7BxghMVyu

The post BlockDAG Crushes the Crypto Game: Scoops $54.3M and Leaves Dogecoin & Floki Inu in the Shadows appeared first on Crypto News Land.

Despite a slowdown, US spot Bitcoin ETFs received $12 million in net inflows.

Bitwise’s BITB and Fidelity’s FBTC lead the pack in attracting investment.

Investors seek exposure to Bitcoin without managing private keys or wallets.

Despite a slowdown, US spot Bitcoin ETFs received $12 million in net inflows. ETFs allow investors to gain exposure to Bitcoin without directly owning the cryptocurrency.

Bitwise’s BITB led the pack by drawing in $8 million in net inflows, followed closely by Fidelity’s FBTC, which reported net inflows of $7 million. These figures mark the sixth consecutive day of net inflows for the 11 Bitcoin ETFs trading in the United States. 

Funds continue to flow into spot $BTC ETF, + $21.52 millions – SoSoValue$52.53 millions in 2 days #Bitcoin #ETF #SoSoValue #Flow pic.twitter.com/Wt65qK36MG

— Crypto HODL (@Crypto7HODL) June 27, 2024

Collectively, over $1.18 billion in net inflows have been received over the past six days, bringing the total net inflows since January to an impressive $12.87 billion. However, the ETF inflows are notably lower compared to March’s inflows.

The recent surge in net inflows coincides with Bitcoin’s price tapping the $70,000 mark. Investors seem to be transitioning to ETFs to avoid the complexities of managing private keys or wallets. 

The Leaders?

BlackRock’s iShares Bitcoin ETF (IBIT) continues to lead the way, with more than $95 million in net inflows, closely followed by Fidelity Wise Origin Bitcoin Fund (FBTC) with $69.09 million.

Despite regulatory uncertainties and market volatility, ETFs have become a popular choice for both institutional and retail investors. 

They can be easily traded on stock exchanges and track Bitcoin’s price without owning it directly.

As the crypto market evolves, ETFs are likely to play a significant role in shaping investor portfolios. At least for now, the trend suggests that interest in Bitcoin ETFs is far from waning.

Read Also 

U.S. Spot Bitcoin ETFs Maintain 15-Day Inflow Streak with $105M

Spot Bitcoin ETFs Suffer $145.83 Million Outflows Amid Market Uncertainty

U.S. Bitcoin ETFs Break Outflow Streak with $31 Million Inflow

Bitcoin ETFs Hit Second-Highest Inflows Day with $886.6 Million

Crypto Markets Rally: June Opens with $2 Billion Inflows, Ethereum Shines

The post US Spot Bitcoin ETFs Draw $12 Million in Net Inflows Despite Reduced Pace appeared first on Crypto News Land.

VeChain (VET) attracts investor attention amidst ETF speculation.

Market anticipates potential surge in VET value with ETF prospects.

VeChain’s real-world applications bolster its appeal in the crypto community.

VeChain (VET) has captured the interest of investors amid speculation concerning a potential VeChain ETF and its growing utility in practical applications. The recent surge in VeChain’s price reflects the cryptocurrency community’s optimism, fueled by the success of Bitcoin Spot ETFs.

How high will $VET skyrocket if it gets an ETF? pic.twitter.com/9MuiuGX0Jx

— Crypto EA (@Crypto_Erdemm) June 27, 2024

This development has ignited speculations about the possibility of an Ethereum (ETH) ETF being approved, which will set the stage for tokens that are based on Ethereum such as VET. With its current position as a frontrunner in the ETF anticipation debate, analysts predict that VET’s value could increase significantly if approved.

The possibility of more altcoins receiving Spot ETF approvals has sparked debate about which cryptocurrencies could follow Bitcoin’s lead. VeChain, known for its commitment to environmental sustainability, has generated particular interest in the ETF landscape.

On May 27th, the price of VET increased by more than 5%, breaking out of a technical formation. Some analysts are optimistic about a big price rally as a result of this move. The speculation surrounding a potential VeChain ETF listing is adding growing optimism, with some analysts predicting that it will push the price above its all-time high of $1.

VeChain has grown significantly this year, with milestones such as the launch of VeBetterDAO . These initiatives demonstrate VeChain’s commitment to sustainable blockchain technology and increase its appeal to institutional investors and blockchain enthusiasts.

While there is still speculation about a VeChain ETF, the anticipation surrounding its potential approval demonstrates the growing demand and growing confidence in VET’s future performance. 

As the cryptocurrency market anticipates further regulatory developments, VeChain is well-positioned to capitalize on its recent achievements and maintain momentum during the bullish market phase ahead. 

Read Also

2024 VeChain Price Forecast: VET to Break Through $0.1032

VeChain Price Pumps as VET ETF Speculation Rises, VET Heads Towards Next Resistance Level, Bullish If Breaks

VET’s Bullish Future: Anticipating a Surge Past $0.0943 in 2024

When Will VeChain’s VET Token Surpass the $0.0993 Milestone in 2024?

VET ETF Possibility Fuels VET Price Predictions, Could VeChain Price 100X If VET ETF Is Confirmed?

The post VeChain (VET) Surges on Speculation of ETF Listing and Sustainability Initiatives appeared first on Crypto News Land.

Are you an avid gamer? The odds are that you are because many Web3 enthusiasts appreciate the beauty of video games. You reading this piece today suggests that you are interested in gaming and digital assets. That said, there is a Web3 project that serves as the perfect link between the gifts of gaming and the wonderful world of non-fungible tokens (NFTs). Cosmic Kittens (CKIT) is the new kid on the blockchain aiming to revolutionize the way we game by perfectly inculcating NFT technologies into video games in a previously thought impossible way. 

Unfortunately, many NFT games do not have the best history because their founders cared little about the technology and using it in a way that added value to the lives of gamers, investors, and general industry players. Thankfully, the days of poorly thought-out NFT games are over because CKIT is here to usher the gaming NFT space into a new reality filled with better experiences.

>>> Click Here To Buy Cosmic Kittens (CKIT) Tokens <<<

Cardano (ADA) Struggles in Q2 2024

When writing, Cardano (ADA) had a token price of $0.38 with a corresponding market cap of $14 billion, making it the tenth-largest cryptocurrency project globally. ADA also grew by more than 4.47% over the past 24 hours, but its performance over the past week left much to be desired as the token is currently down more than 10%. 

Cardano’s (ADA) performance over the past month is not much better, as the token lost 14.4% of its value. Investors are attracted to ADA because they feel its current performance is a temporary retracement that will soon be followed by incredible growth.

Avalanche (AVAX) Wobbles, Scaring Investors

Like Cardano (ADA), Avalanche (AVAX) investors have a few reasons to be happy. At the time of writing, this token had a price of $25.47 with a market cap of $10 billion, ranking as the 13th largest crypto project.

Avalanche (AVAX), like its counterpart Cardano (ADA), is navigating the volatile cryptocurrency market with resilience. Despite the recent drop in ranking, AVAX still boasts a confident investor base and remains a critical player in the blockchain arena. This dip presents a potential buying opportunity for investors looking to capitalize on the robust technology and community backing Avanlanche (AVAX). As the crypto market evolves, AVAX remains an interesting asset to watch, particularly for those interested in high-performance blockchain solutions and decentralized applications. Keep an eye on Avanlanche (AVAX) as it aims to regain its position and expand its ecosystem in the dynamic crypto landscape.

>>> Click Here To Buy Cosmic Kittens (CKIT) Tokens <<<

Cosmic Kittens (CKIT): The Gaming Project that has Stolen Market Spotlight

Cosmic Kittens (CKIT) is one of the most talked-about NFT projects, and investors cannot get enough of it. Combining the best elements of classics like Tamagotchi, Pokemon, and Digimon games, Cosmic Kittens (CKIT) features a rewarding gameplay where players nurture and breed furry little kittens to earn financial incentives. Gamers stand to gain a lot through NFT trading and staking activities, which offer rewards and percentage boosts.

Cosmic Kittens (CKIT) will revolutionize the blockchain gaming industry by granting players total ownership and discretion of in-game assets. From furry little kittens to pet sanctuaries, players have the only say about nurturing and trading their pets. Investors are excited to learn that the game’s MVP (Minimum Viable Product) is under development, demonstrating the team’s commitment to rapid growth. It will be ready by or before the end of Cosmic Kittens’ (CKIT) presale event. 

With the GameFi market expected to reach $614 billion by 2030, Cosmic Kittens (CKIT)  could not have emerged at a better time. Analysts say its novel blend of gaming appeal and attractive P2E features could make it the next best crypto investment after Pokemon and Tamagotchi. Selling at $0.0055 and offering a 20% token bonus, Cosmic Kittens (CKIT)  is still underpriced, making now the time to buy into the ongoing Cosmic Kittens (CKIT)  presale. 

Join for a chance to acquire one of 700 NFTs at 0.02 ETH, prior to the 0.04 ETH price at launch.Investors who are making huge gains with Cosmic Kittens (CKIT), use the following links:

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The post Top 3 Rated Cryptos Today: Cosmic Kittens (CKIT), Cardano (ADA), And Avalanche (AVAX) appeared first on Crypto News Land.

MegaLabs raised $20M for MegaETH’s real-time blockchain from investors like Dragonfly Capital and Vitalik Buterin.

MegaETH aims to process 100,000 transactions per second with millisecond-level responsiveness.

Vitalik Buterin inspired MegaETH’s development with ideas from his “Endgame” blog post on scaling Ethereum.

MegaLabs, the developer behind the innovative Ethereum scaling protocol MegaETH, announced a successful $20 million seed funding round led by Dragonfly Capital. This funding will accelerate the development of MegaETH, with a testnet expected to launch in the upcoming months. 

The funding round also saw participation from Figment Capital, Folius Ventures, Robot Ventures, Big Brain Holding, Tangent, and Credibly Neutral. Additionally, notable angel investors included Ethereum co-founder Vitalik Buterin, Consensys CEO Joseph Lubin, EigenLayer creator Sreeram Kannan, and Hasu of Flashbots.

Today marks a significant milestone in our mission to unlocking humanity’s potential with fully on-chain, interactive and sophisticated applications. The crypto economy is here.Welcome to the first Real-Time Blockchain https://t.co/Zj4FqLDDrA pic.twitter.com/MZ5yEFdP7O

— MegaETH (@megaeth_labs) June 27, 2024

Real-Time Blockchain and Its Capabilities

MegaETH is a groundbreaking “real-time blockchain” that focuses on processing transactions instantly upon arrival. The protocol aims to handle 100,000 transactions per second with millisecond-level responsiveness. 

Co-founder Yilong Li explained that a real-time blockchain processes transactions as soon as they arrive and produces results at a very high frequency. The MegaETH protocol achieves this through its heterogeneous blockchain architecture, which boosts performance by allowing nodes with different hardware configurations to specialise in specific tasks. 

Moreover, the hyper-optimised EVM execution environment enhances throughput, latency, and resource efficiency to the hardware limits. An EVM execution environment is a blockchain operating system compatible with Ethereum’s programming standard.

Vision and Inspiration

The concept of MegaETH was inspired by Vitalik Buterin’s 2021 blog post “Endgame,” which discussed scaling Ethereum. Buterin emphasised the importance of hyper-scalable EVM implementations for truly scaling Ethereum.

In a message shared by a MegaLabs representative, Buterin expressed his excitement about the MegaETH project, praising the developers for taking on this challenge.

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The post MegaLabs Secures $20M Funding for Real-Time Blockchain MegaETH appeared first on Crypto News Land.

Cardano integrates IBC for seamless blockchain connectivity, enabling secure data and asset transfers.

Cardano now supports EVM-based sidechains, combining Ethereum’s tools with Cardano’s security.

The integration addresses scalability and privacy challenges, connecting Cardano to over 115 Cosmos blockchains.

The Cardano Foundation has strategically integrated the Inter-Blockchain Communication Protocol (IBC) into its blockchain network, taking a significant step toward enabling seamless data and asset exchanges between blockchain ecosystems.

@Cardano goes interchain!Through the Cardano IBC Sidechain, Cardano connects with an ecosystem of 115 IBC-enabled chains: the interchain.Cardano’s IBC integration will expand the #interchain ecosystem to a vibrant community of blockchain pioneers. pic.twitter.com/rNSBmzCZDA

— Cosmos – The Interchain (@cosmos) June 27, 2024

IBC, known for its ability to facilitate secure data and asset transfers across multiple blockchain platforms, supports Cardano’s commitment to transaction security and predictable fees. This integration enables Cardano network projects to establish strong connections with a broad interchain ecosystem that includes over 115 blockchains originating from the Cosmos network.

Cardano now allows connections to sidechains powered by Ethereum Virtual Machines (EVMs), in addition to improving connectivity via IBC. This major improvement enables developers to take advantage of Cardano’s improved sidechain security features while utilizing Ethereum’s development tools.

IBC-enabled sidechains from Cardano provide specialized solutions to meet particular operational requirements. They let companies to selectively share information with the public network and securely manage private data on sidechains. Furthermore, sidechains support complex workloads without compromising performance by enhancing transaction speeds and operational efficiency across a variety of platforms.

Cardano’s integration of IBC and EVM-compatible sidechains paves the way for creative solutions that work seamlessly across multiple systems by promoting compatibility between various blockchain platforms. This connectivity improves business operations by enabling faster transaction speeds and lowering the costs associated with smart contract execution and data storage.

High security and dependability are ensured by utilizing Cardano’s Ouroboros proof-of-stake protocol in these sidechains, which is essential for implementing reliable business applications on blockchain technology.

Cardano’s integration of IBC and EVM-compatible sidechains represents a strategic step toward enhancing blockchain connectivity and enabling scalable, secure solutions for enterprise blockchain applications. This development demonstrates Cardano’s commitment to driving innovation and compatibility in the blockchain ecosystem. 

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The post Cardano Enhances Blockchain Connectivity with Inter-Blockchain Communication Protocol (IBC) appeared first on Crypto News Land.

Coinbase and Stripe integrate USDC on Base, enhancing global fiat-to-crypto accessibility.

Stripe’s revival of stablecoins follows earlier Bitcoin service experiments.

Coinbase’s legal action targets SEC over Ether’s regulatory status, backed by “Stand with Crypto” PAC.

Coinbase and Stripe have declared a strategic collaboration to improve the merging of fiat and cryptocurrency transactions. The joint effort will bring USDC support to Stripe on Coinbase’s Base layer-2 network, as well as various other intergrations.

Expanding Fiat-to-Crypto Access

Per a release made on June 27, Coinbase and Stripe partnership have provided fiat-to-crypto on-ramps and off-ramps to its customers. The newest integration is Base support for USD Coin in Stripe’s crypto payouts, facilitating faster cross-border payments and conversions of fiat counterparts in 150 nations. 

Coinbase StripeCoinbase is partnering with @stripe to bring @base's faster, cheaper financial infrastructure to millions of businesses around the world.Here’s what we’re doing ↓ pic.twitter.com/OwNOFqFbFB

— Coinbase (@coinbase) June 27, 2024

As part of the fiat-to-crypto on-ramp solution for Stripe, USDC will be incorporated to make it easier for users to convert fiat to assets on the digital wallet on sign up. On the other hand, Coinbase integrated a fiat-to-crypto on-ramp owned by Stripe to allow users of the payment company to purchase the digital asset using credit cards and Apple Pay.

Fulfilment of Earlier Promises

John Collison, co-founder and president of Stripe, announced at the Sessions conference that stablecoins would be reintroduced to the platform, which was one of the first to use Bitcoin services in 2014 but discontinued due to payment effectiveness issues.

Crypto is back. @Stripe will start supporting global stablecoin payments this summer. Transactions instantly settle on-chain and automatically convert to fiat. Join the waitlist https://t.co/hws2OsU3Id and watch the demo (h/t @Solana) from Sessions. pic.twitter.com/zGKYW2FM6i

— John Collison (@collision) April 25, 2024

Collison’s announcement coincided with the introduction of support for the Avalanche C-Chain for verified Stripe customers, allowing the purchase of Avalanche tokens using the fiat-to-crypto on-ramp.

Coinbase’s Strategic Moves

The regulatory landscape in the United States has created challenges for crypto innovation. Centralised exchanges, digital asset providers, and stablecoins have faced increased scrutiny. Stripe, once involved in Facebook’s Libra project, exited due to governmental pressure. 

On June 27, Coinbase sued the SEC and the Federal Trust and Deposit Corporation (FDIC) for failing to meet the FOIA by not providing materials needed. The lawsuit focused on the SEC’s choice to not categorise Ether as one of the unregistered securities among cryptocurrencies, similar to Ripple’s XRP, and the process they followed to reach that decision.

Additionally, Coinbase has launched the “Stand with Crypto” political action committee (PAC) in the United States to advocate for the industry and market participants. In June, the PAC announced it had gathered 1 million signatures from crypto advocates, demonstrating significant support for the cause.

Read Also:

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Bitcoin Settles at $39K After Stripe Onboards Crypto

Algorand Joins Forces with Onramp.money to Boost Global Web3 Ecosystem

The post Coinbase, Stripe Collaborate on USDC Integration and Payments appeared first on Crypto News Land.

Many cryptocurrency investors and traders are perpetually seeking the next significant prospect. This write-up will examine the price prediction of Cosmic Kittens (CKIT) and its presale. 

Could this emerging player outshine long-standing powerhouses like Jupiter (JUP) and Waves (WAVES)? This article will examine the factors that could affect the future performances of these virtual currencies while forecasting their values.

>>>Click Here To Learn More About Cosmic Kittens (CKIT)<<<

Jupiter (JUP) Price Prediction

The Jupiter (JUP) project strives to maximize accessibility without compromising security and usability. Although the network has not significantly impacted the crypto market, being part of an innovative project with a proactive development team positions Jupiter (JUP) favorably for reaching new price highs in the future. 

Based on the most recent data, JUP is currently priced at $0.83, holding 79th in the crypto world. Jupiter’s (JUP) circulation supply is 1,350,000,000 , with a market cap of $1,047,165,888.

In the last 24 hours, the cryptocurrency has seen a 2.8% decrease in value. In the past three months, Jupiter has displayed a downward trend, marking an over 50% decrease. Recent performance indicates significant potential, presenting a favorable investment opportunity.

Over the next few months, JUP can surge impressively, adding an impressive $1. to its value. This rapid growth suggests a promising asset, provided the momentum continues.

 >>>Buy CKIT Now<<<

Waves (WAVES) Fear and Greed Index Fluctuates

The Fear and Greed Index gauges investors’ sentiments towards the markets, indicating whether they are bullish or bearish. This index is built on the contrasting emotions of fear and greed. 

The Waves (WAVES) Fear & Greed Index currently sits at 46, signaling investors are in the Extreme fear zone. This index merges multiple market indicators like volatility, trading volume, social media activity, and Google Trends data to assess investor sentiment in Waves (WAVES), primarily leveraging Bitcoin-related market information. It categorizes market sentiment into extreme fear, fear, neutral, greed, and extreme greed segments. 

Some traders view a predominant negative sentiment as a buying opportunity, while positive sentiment may indicate a favorable time to sell. The current Waves (WAVES) price is $0.9, with a 24-hour trading volume of $8,007,606.

>>>Click Here To Learn More About Cosmic Kittens (CKIT)<<<

Cosmic Kittens (CKIT): A GameFi Investment Environment

Cosmic Kittens (CKIT) is a gaming project that has the potential to become a dominant force in the play-to-earn space in the next decade. Built on Ethereum, Cosmic Kittens (CKIT) features a gaming ecosystem where gamers will receive pet companion NFTs. Each gamer is responsible for the growth and nurture of these assets. Gamers can spend time with these pet kittens, offering time and affection, which contributes to a happy and healthy furry friend. 

Cosmic Kittens (CKIT) lets gamers go the other mile by creating cosmic sanctuaries for their pets. Players can design these sanctuaries to match their taste. Completing actions like these attract CKIT tokens. Gamers can also receive rewards for spending time with their pet assets. Furthermore, they retain full ownership of these assets, enjoying the freedom to trade them on a marketplace. 

Cosmic Kittens (CKIT) also comes with token staking, an initiative that encourages players to hold their tokens in exchange for yield and percentage boosts. The game is now one of the highly-rated P2E projects despite just launching its presale. Aside from its DeFi potential, Cosmic Kittens (CKIT) has also caught investor attention for its security measures. 

The Cosmic Kittens (CKIT) team has locked their tokens for two years in an action that instills conviction to possess the token in investors’ minds.  This tactic keeps the team from selling tokens too soon, which promotes a stable market. The commitment of the CKIT team to the long-term viability of the project is evident in the locking of their tokens.

Through the extraordinary 26-year lock-up of its liquidity assets, Cosmic Kittens (CKIT) goes above and beyond in fostering investor confidence. A lengthy lock-up reduces the effect of sudden changes in the market, giving investors a more stable and predictable trading environment. 

Cosmic Kittens (CKIT) is a transparent company that has built trust by completing an independent token audit. This audit confirms the security and integrity of the cryptocurrency token. These security checks show Cosmic Kittens’ (CKIT) commitment to a robust and reliable token within the ever-evolving cryptocurrency industry. The project’s team prioritizes a sustainable market for their idea by securing funding for an extended period.

Cosmic Kittens (CKIT) could be one of the big names in the next GameFi boom. Already, the blockchain gaming market will soar to a value of 800 billion by 2031. Analysts say Cosmic Kittens (CKIT) can capture a significant market share, which will spur a CKIT rally. Some investors are confident their CKIT investments could yield 350% returns in the first year. These investors are rushing to stack CKIT while it costs as low as $0.0055. Its ongoing presale is now offering a 20% bonus to presale participants. 

Participate in the presale for a chance to be chosen to buy 700 NFTs at 0.02 ETH, ahead of the 0.04 ETH mint price.

To ensure you are among the early batch of investors in CKIT’s presale, click the links below.

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The post Crypto Price Prediction: Will the Cosmic Kittens (CKIT) Presale Surpass Jupiter (JUP) and Waves (WAVES) in Value? appeared first on Crypto News Land.

Analysts debate Ripple’s future, predicting either a significant drop or a bullish surge.

Alessio Rastani predicts XRP could drop to 13 cents using Elliott Wave Theory.

DarkDefender argues that XRP is set for a bullish move, likening it to Silver’s 2017 pattern

The cryptocurrency market is buzzing with debates about the future of Ripple (XRP), with prominent analysts offering conflicting predictions. One analysis comes from Alessio Rastani, a respected voice in the field. 

Hi all, Yesterday, I watched an #XRP analysis from @alessiorastani. He is one of the most reliable analysts in the market, and I respect what he does.So, it's an ongoing discussion, especially since Alessio Rastani anticipates XRP to hit a minimum of 13 cents and below by 2025.… pic.twitter.com/d7vTiyPfH0

— Dark Defender (@DefendDark) June 27, 2024

According to Alessio Rastani, XRP is currently in a corrective wave pattern, specifically an ABC correction, which could see its price drop to as low as 13 cents by 2025. Rastani bases his prediction on Elliott Wave Theory, a popular technical analysis method. 

He argues that XRP is in the C wave of an ABC corrective pattern. In Elliott Wave Theory, C waves often mirror the length of A waves or extend up to 1.618 times the length of A waves. Rastani’s analysis hinges on this principle, suggesting a significant decline in XRP’s value.

Contrasting Views 

Not everyone agrees with Rastani’s bearish outlook. Dark Defender, another well-regarded analyst, has voiced a contrasting perspective. DarkDefender contends that XRP has already completed its C wave and is poised for a bullish move. 

According to Dark Defender, XRP is in Wave E, not Wave C, and the five-wave corrective structure has already played out. This interpretation indicates that the corrective phase is over, and XRP is set for an upward trajectory.

Dark Defender’s analysis draws parallels with historical patterns observed in other assets, like Silver in 2017. He points out that Silver experienced a similar impulsive wave followed by an ABCDE corrective structure, which ultimately led to a significant bullish wave. 

Applying this analogy to XRP, DarkDefender suggests that XRP’s surge is imminent. While both analysts agree on the current corrective phase, their interpretations diverge significantly. 

Rastani sees further downside potential, warning that XRP could fall to 13 cents. In contrast, DarkDefender believes the worst is over, pegging 39 cents as the critical support level before an anticipated bullish surge.

Read Also 

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Man Mistakenly Sells $1M Clipart Rock NFT for -1 Cent

The post Experts Debate Ripple’s XRP Future, ABC Correction, or Grand Wave 3? appeared first on Crypto News Land.

BOME token shows a declining trend but holds potential for a bullish breakout soon.

Hamster Kombat gains popularity with 150 million users, potentially influencing the bull market.

Jasmy Coin aims to breach the EMA20 trend line, showing a 5% increase in 24 hours.

The cryptocurrency market is on the brink of a potential bull run, presenting lucrative opportunities for investors. Next week, several meme coins are poised for substantial gains, with BOME, HMSTR, BONK, and JASMY leading the charge. These tokens have shown remarkable performance, making them prime candidates for explosive growth.

Book of Meme (BOME) Experiencing Strong Gains, Riding the Positive Momentum of Bitcoin

BOME token has experienced a challenging trend after reaching its all-time high. Currently, it faces resistance at the $0.020 mark, but a bullish breakout could be imminent. Investors are watching closely for a potential upward movement.

Keep Your Wallets Full & Your Sorrows Empty With Hamster Kombat (HMSTR)

Hamster Kombat (HMSTR) has rapidly gained popularity, starting as a Telegram clicker game and amassing over 150 million users in just 78 days. Its success has garnered mainstream media attention, with Bloomberg dubbing it a “killer app” that could significantly impact the current bull market.

Earn More with Jasmy Coin (JASMY) As it Surges over 5% in the Past 24 Hours

Jasmy Coin (JASMY) is trading at $0.031 and has recently entered a recovery phase. After a slight dip, it aims to breach the EMA20 trend line, showing a 5% increase in the last 24 hours. Having started the month strong by hitting a year-high of $0.044, Jasmy Coin is poised for another upward move.

BONK (BONK) Progressing at Snail’s Pace With a Potential Boost to $0.000055 soon

BONK has also shown promising signs, with a bullish recovery from a long-standing support trendline. The coin has ended its 50% correction phase and has surged 17.81% this week. BONK’s price action indicates a potential to reach $0.000055 soon.

Brett (BRETT) Takes the Stage as it Prepares For a Massive Surge 2x Next Week

BRETT, another notable mention, has seen a bullish reversal from its support trendline on the technical charts. This breakout suggests a continuation of its bullish trend, aiming for a 2x surge next week.

The future of these meme coins looks bright, with BOME, HMSTR, BONK, and JASMY showing significant potential for growth. As the market dynamics evolve, these altcoins are well-positioned to deliver substantial returns, making them exciting opportunities for investors.

Read also:

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BTC and ETH 2X Price Surge Could Clear Celsius’ USD Claims

The post Meme Coins Primed for 10x Gains Next Week: BOME, HMSTR, BONK, JASMY appeared first on Crypto News Land.

Coinbase sues SEC and FDIC for improperly withholding information in response to FOIA requests.

Coinbase seeks documents on crypto regulation decisions.

Courts to decide on releasing requested documents.

In a legal showdown that could have far-reaching implications for the crypto industry, Coinbase has taken regulators to court. The company alleges that both the Securities and Exchange Commission (SEC) and the Federal Deposit Insurance Corp. (FDIC) have improperly withheld crucial information in response to Freedom of Information Act (FOIA) requests.

JUST IN: @Coinbase Officially Sues The SEC !!They're Accusing The Federal Regulators of Trying To Cut Out The Crypto Industry From American Markets Through A “deliberate and concerted effort” !! Do You Agree, MASSIVE Change In Crypto Regulation Is Coming to The USA !?… pic.twitter.com/uMyx1b51ux

— Good Morning Crypto (@AbsGMCrypto) June 27, 2024

Legal Battle Centres Around Transparency 

Coinbase, through its contractor, History Associates Inc., is seeking documents from the Securities and Exchange Commission that shed light on how the agency initially determined which digital tokens should be considered securities. Specifically, the exchange wants written communications related to three closed cases, including ether (ETH). 

Meanwhile, at the FDIC, Coinbase is pursuing copies of the so-called “pause letters” sent to financial firms, advising them to halt crypto-related activities. By obtaining these documents, Coinbase hopes to understand the regulators’ views on cryptocurrencies and their authority. 

The recent closure of the SEC’s review of ‘Ethereum 2.0’ as a potential security adds urgency to the situation. If the SEC’s stance on ether is pivotal, the agency’s ability to reject document requests related to ongoing enforcement matters could be impacted.

Balancing Investor Protection and Fostering Technological Progress

The legal challenge underscores the tension between innovation and regulation in the crypto space. While the industry seeks clarity, regulators grapple with balancing investor protection and fostering technological progress. Coinbase’s move signals its commitment to transparency and accountability, even if it means taking federal agencies to court.

In the coming weeks, the courts will decide whether the SEC and Federal Deposit Insurance Corp. must release the requested documents. Regardless of the outcome, this case will significantly determine and impact the future of the crypto market.

Read Also 

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The post Coinbase Sues U.S. SEC and FDIC Over Denied Document Access appeared first on Crypto News Land.

Ripple (XRP) and Arbitrum’s market cap demonstrate robust stability and expansion amid cryptocurrency market fluctuations. Ripple maintains its allure with steady investor confidence, signaling a bright future. Conversely, despite recent price setbacks, Arbitrum’s market cap has soared, propelled by strategic token releases.

Amid these dynamics, BlockDAG has launched the beta version of its X1 Crypto Miner app, sparking excitement among cryptocurrency enthusiasts. With an eye-popping 30,000X ROI projected as its presale soars to $54.3 million in less than 19 batches, this app is set to potentially transform the mining landscape and pose a challenge to established giants like Ripple and Arbitrum.

Ripple’s Future: A Beacon of Stability

Ripple’s outlook is looking up as its derivatives market sees more open interest, reflecting growing investor confidence despite ongoing SEC negotiations. Currently priced at $0.49, XRP has experienced a modest 1.8% dip in the last day but has gained 2.3% over the week, underscoring its market tenacity.

Arbitrum’s Market Expansion Amidst Challenges

Arbitrum’s market cap has impressively climbed to $2.23 billion, marking a 75% rise despite a 24% annual dip in ARB token prices. This increase follows significant token releases that began in March, adding 1.13 billion ARB tokens to circulation. With another 3.6 billion tokens set to be released monthly over the next three years, Arbitrum’s market cap is poised for further growth.

BlockDAG’s X1 Miner App: A New Era in Crypto Mining

Besides its $54.3 million presale, BlockDAG is revolutionizing crypto mining with its X Series rigs, especially the X1 Miner App, now in beta on both iOS and Android. Designed for ease of use and energy efficiency, this app enables anyone to mine BDAG coins on their smartphones effectively.

The app promotes a seamless mining experience with features like easy navigation, a referral program, and daily engagement rewards, where users can earn up to 20 BDAG coins daily. It incorporates a Proof-of-Engagement system that enhances network security and maintains user privacy, setting new standards for responsible crypto mining.

Phase 1 of the app’s rollout included crucial features like Wireframe & UI Design, User Onboarding, and Presale integration. Upcoming updates will introduce Wallet functionality, Send/Receive modules, a Leaderboard, and a Community Section to enrich the user experience ahead of the mainnet launch.

Despite still being in beta, the X1 Miner App is on track for remarkable success, with analysts forecasting a potential 30,000x ROI. This level of optimism highlights BlockDAG’s leadership in delivering innovative, profitable cryptocurrency mining solutions.

Final Insights

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Jesse Powell, Kraken founder, donated $1M in Ethereum to Trump’s campaign.

Powell criticized Biden’s crypto regulations as detrimental to U.S. competitiveness.

Trump gains crypto community support with endorsements from prominent figures like Cathie Wood.

Jesse Powell, the founder of the cryptocurrency exchange Kraken, donated $1 million in Ethereum to former US President Donald Trump’s campaign. This significant contribution underscores Trump’s growing support in the blockchain and cryptocurrency communities.

I just personally donated $1m (mostly #ETH) to @realDonaldTrump.For too long, the crypto industry has been under attack by Elizabeth Warren, Gary Gensler and others. Despite overwhelming bipartisan Congressional efforts to put clear rules in place, the Biden White House has… pic.twitter.com/Ksxf3P2oCb

— Jesse Powell (@jespow) June 28, 2024

Powell expressed optimism, emphasizing the significance of supporting the only major party candidate who supports the crypto industry in the 2024 presidential election. Powell criticized the Biden administration for a ‘campaign of unchecked regulation by enforcement.’ 

He maintained that the US’s competitive edge in the international cryptocurrency market is being eroded by these regulations. Powell called out Senator Elizabeth Warren and Securities and Exchange Commission Chair Gary Gensler as prominent critics of the cryptocurrency industry.

Trump has gained the support of major players in the industry by publicly endorsing cryptocurrencies. He started accepting campaign donations in various cryptocurrencies last month and has given several speeches emphasizing his support for digital assets and bitcoin mining. 

Notable crypto advocates, such as Cathie Wood, CEO of Ark Invest, and Cameron and Tyler Winklevoss, founders of Gemini, have endorsed Trump. While Trump’s support for the cryptocurrency industry is clear, President Joe Biden has yet to take a strong position on cryptocurrencies. 

The Biden campaign is reportedly considering accepting cryptocurrency donations through Coinbase Commerce. On Thursday night, CNN hosted the first presidential debate between Biden and Trump. 

Although the topic of blockchain and cryptocurrency was not addressed, the debate has fueled calls for Biden to reconsider running for reelection in 2024. The crypto community’s growing support for Trump emphasizes how crucial digital assets will be to the outcome of the election.

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