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šŸ”¶ BNB chain sees success with revenue up by 70%, MVP is one of the superstars šŸ”ø BNB or theĀ BinanceĀ Smart ChainĀ  had started the year under regulatoryĀ  scrutiny but yet experienced growth in the quarter one of 2024 with a significant 70% rise in revenue reaching $66.8 million. Even though there was a 9% decline in daily transactions compared to Q4Ā  of 2023, the number of average daily active addresses saw a notable 26% rise, from 1.0 million to 1.3 million. Despite these obstacles, BNB continues to exhibit growth and surpass any quarter in 2023. This increase can be attributed to the appreciation of BNBs value but a huge factor seems to be tokens that BNB onboarded this year, one of the tokens being MVP or MAGA VP.Ā  šŸ”ø Introduced in February of this year,Ā MVPĀ token with anticipation surrounding the selection of the next Vice President candidate on the Republican side. Despite being part of the ā€œPolitiFi narrativeā€ of meme tokens, MVP has garnered significant support from the majority of crypto investors and traders. MVPā€™s market capitalization of nearly $7 million , this meme token is looking to secure a spot within the top 100 cryptocurrencies.Ā  šŸ”ø The progress made by this token in just two months is truly remarkable and is soon to be reaching $10, says many crypto analysts.Ā  MVP has an average of +9.34% in trading volume every 24 hours.Ā  The token holds itself at $0.145899 USD, higher than the price of Hedera (HBAR) now which holds at $0.114, later being part of theĀ trending tokensĀ on Coinmarketcap. Needless to say, MVPs partner and the other famous Trump token STRUMP or Super Trump is leading way above HBAR.Ā  šŸ”ø In early April, BNB called on developers of memecoins by creating an opportunity to participate in the chainā€™s 1 Million reward under the ā€˜meme innovation campaignā€™ as Binance has been handing support to meme tokens for a while now. Meme tokens already have a 2.27% sector dominance on the BNB chain, only making MVPs position further solid for a home run. The token functions onĀ Ethereum, Solana and BASE. $BNB #BNB #BNBChainSunset

šŸ”¶ BNB chain sees success with revenue up by 70%, MVP is one of the superstars

šŸ”ø BNB or theĀ BinanceĀ Smart ChainĀ  had started the year under regulatoryĀ  scrutiny but yet experienced growth in the quarter one of 2024 with a significant 70% rise in revenue reaching $66.8 million. Even though there was a 9% decline in daily transactions compared to Q4Ā  of 2023, the number of average daily active addresses saw a notable 26% rise, from 1.0 million to 1.3 million. Despite these obstacles, BNB continues to exhibit growth and surpass any quarter in 2023. This increase can be attributed to the appreciation of BNBs value but a huge factor seems to be tokens that BNB onboarded this year, one of the tokens being MVP or MAGA VP.Ā 

šŸ”ø Introduced in February of this year,Ā MVPĀ token with anticipation surrounding the selection of the next Vice President candidate on the Republican side. Despite being part of the ā€œPolitiFi narrativeā€ of meme tokens, MVP has garnered significant support from the majority of crypto investors and traders. MVPā€™s market capitalization of nearly $7 million , this meme token is looking to secure a spot within the top 100 cryptocurrencies.Ā 

šŸ”ø The progress made by this token in just two months is truly remarkable and is soon to be reaching $10, says many crypto analysts.Ā  MVP has an average of +9.34% in trading volume every 24 hours.Ā  The token holds itself at $0.145899 USD, higher than the price of Hedera (HBAR) now which holds at $0.114, later being part of theĀ trending tokensĀ on Coinmarketcap. Needless to say, MVPs partner and the other famous Trump token STRUMP or Super Trump is leading way above HBAR.Ā 

šŸ”ø In early April, BNB called on developers of memecoins by creating an opportunity to participate in the chainā€™s 1 Million reward under the ā€˜meme innovation campaignā€™ as Binance has been handing support to meme tokens for a while now. Meme tokens already have a 2.27% sector dominance on the BNB chain, only making MVPs position further solid for a home run. The token functions onĀ Ethereum, Solana and BASE.

$BNB #BNB #BNBChainSunset

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šŸ’¬ š—©š—®š—»š—˜š—°š—ø š—¦š—®š˜†š˜€ š—”š—Æš—¼š˜‚š˜ $šŸ­šŸ³šŸ± š—•š—¶š—¹š—¹š—¶š—¼š—» š—¶š—» š—•š—¶š˜š—°š—¼š—¶š—» š—›š—²š—¹š—± š—Æš˜† š—˜š—§š—™š˜€, š—”š—®š˜š—¶š—¼š—»š˜€ š—®š—»š—± š—–š—¼š—ŗš—½š—®š—»š—¶š—²š˜€ VanEck said in a new report that a total of roughly $175 billion inĀ BitcoinĀ is currently being held across the various ETFs, nations and public and private companies that have acquired the popular cryptocurrency. "Bitcoin interest among institutional investors has also increased. Hedge funds, asset management firms, and endowments are increasingly recognizing bitcoin's potential as a store of value" VanEck said in the report. "Approximately $175 billion worth of bitcoin are now held by ETFs, countries, public and private companies." $BTC #ETF #BTC #VanEck
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šŸ“£ Aptos Announces Unique Partnership with Elliptic for Transparency and Security Aptos, a popular smart contract forum, has recently announced a new collaboration. As per the platform it is partnering with Elliptic to increase the status of Transparency and security and fulfill the compliance requirements. On its official X account, the platform disclosed that it will utilize the services that Elliptic provides. šŸ”ŗ Aptos and Elliptic Collaborate to Enhance Transparency and Security It added that leveraging the top cryptocurrency compliance solutions of Elliptic will enable it to perform several things. In this respect, the platform will have the ability to conduct transaction screening. In addition to this, Aptos will also enjoy enhanced Web3 transparency and security with this collaboration. Hence, the joint effort will improve the user experience while accomplishing compliance. Elliptic operates as a worldwide leading platform that manages the crypto asset risk. It shared a devoted blog post to give details of this endeavor. As a part of this collaboration, Elliptic Foundation is welcoming Aptos as its provider for data integration. In this respect, this endeavor provides risk and screening support services for the Aptos network-based projects. This indicates that the projects running under the Aptos ecosystem can leverage an extra layer of security and trust. As per Elliptic, the cryptocurrency compliance solutions of Elliptic provide the respective added layer. The company added that Elliptic emerges as the single industry provider that can organize wallet screening or transaction screening. It can additionally conduct investigations concerning the risk on the Aptos networks šŸ”ŗ Elliptic to Flag Malicious Operations on Aptos In this respect, it can flag any operation that is potentially associated with malicious actors. The integration comes after a swift elevation of more than 500 percent in per-month active addresses on the Aptos network year-on-year. $APT #APT
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šŸ”„ XRPā€™s Bullish Potential: Echoes of 2023 Resurgence Return šŸ”ŗ XRPā€™s current behavior resembles September 2023, possibly indicating a bullish surge if MDIA rises. šŸ”ŗ Despite criticism and market turbulence, XRP displays resilience with accumulation activities shown by MDIA metrics. šŸ”ŗ Social engagement metrics show declining activity, but a recent rise in weighted sentiment hints at a potential market sentiment shift. In a scene reminiscent of September 2023, XRP finds itself at a crucial juncture, closely mirroring its past behavior. Should the Mean Dollar Invested Age (MDIA) continue its ascent, the stage might be set for a bullish surge. However, challenges loom large for XRP as it grapples with a broader sell-off that has rattled the altcoin market, including the likes of Bitcoin. Critics have emerged, branding XRP a ā€œzombie tokenā€ due to perceived limitations in utility, casting doubts on its long-term viability. Despite the skepticism, there are silver linings to be found in XRPā€™s performance metrics. Analysis from the renowned analytical platform Santiment reveals a significant drop in the percentage of total XRP supply in profit, indicating a recent depreciation of 32.6% over the last six weeks. This decline, from 92% in mid-March to 72.6% presently, underscores the challenges facing the cryptocurrency. Yet, amidst the turmoil, signs of accumulation activities emerge, as reflected in the MDIA metric. This suggests that despite the market downturn, there are investors willing to take positions in XRP, possibly betting on its future potential. Moreover, historical data reveals an intriguing correlation between the Market Value to Realized Value (MVRV) ratio and MDIA. Past instances have shown that periods of consolidation around key support zones have often preceded significant price rallies for XRP. On the social engagement front, XRPā€™s interaction and activity levels have witnessed a noticeable decline, with social volume and dominance experiencing a dip. $XRP #XRP
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šŸ”„ Crypto Prediction Website Reveals When The Cardano Price Will Reach $45 Crypto prediction website Telegaon hasĀ provided insightsĀ into when Cardano (ADA) will hit $45. A rise to that price level represents an 8.900% price gain from its current price level, which will appeal toĀ ADA holders, especially given the crypto tokenā€™s recent unimpressive price action.Ā  šŸ”ŗ When Cardano Will Rise To $45 TelegaonĀ predictedĀ in a blog post thatĀ CardanoĀ will reach $45 by 2050. They highlighted $45.87 as the maximum price the crypto token will likely attain that year. Meanwhile, $39.12 and $42.41 are predicted to be ADAā€™s minimum and average prices that year. The prediction site claims that Cardanoā€™s parabolic rise will occur due to several factors.Ā  These factors include ā€œtrading volume, market trends, investor sentiment, technological developments, and external influences.ā€ It is worth noting that the Cardano has performed incredibly well in terms of technological advancements as the network hasĀ continued to rankĀ among theĀ top blockchainsĀ by development activity.Ā  This factor is expected to play a massive role in Cardanoā€™s attainment of this price prediction, especially considering that the crypto projects likely to survive until 2050 are the ones that can adapt and progress with the times. Cardano has shown such quality, seeing how the team has continued toĀ build actively, especially with the implementation of theĀ networkā€™s smart contract functionality.Ā  Meanwhile, Telegaon also outlined its price predictions for Cardano in the years leading up to 2050. In the short term, they do not seem bullish on Cardano as they predict that the highest price the crypto token could rise to this year is $2.15. Based on their prediction, Cardano will likely surpass its all-time high (ATH) of $3.10 in 2025, as they predict that $3.14 is the maximum price the crypto token will hit next year.Ā  More Bullish Price Predictions For ADA This Year Last year,Ā Dan Gambardello, the founder of Crypto Capital Venture, suggested that Cardano could rise to as high as $11 this year. $ADA #ADA
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šŸ’µ $10 trillion investment giant outlines tomorrowā€™s Bitcoin bulls In the first year of the ā€˜crypto winter,ā€™ pension funds ā€“ specifically Canadian pension funds ā€“ found themselves making headlines in various crypto outlets as they ended their cryptocurrency forays either before they began in earnest or after suffering major losses as companies like Celsius collapsed. Things have quieted down since for large institutional investors ā€“ at least with regard to the crypto markets ā€“ albeit with some exceptions, such as Vanguardā€™s acquisition of a large stake in Bitcoin (BTC) miners. This year, however, brought a massive change to the dynamic as in January, after years of waiting, the Securities and Exchange Commission (SEC) approved 9 spot Bitcoin exchange-traded funds (ETFs), seemingly opening the floodgates for crypto-wary investors to gain exposure using familiar vehicles. šŸ”ŗ BlackRock foresees massive institutional investors trading BTC ETFs According to BlackRockā€™s head of digital assets, Robert Mitchnick, the investment giant now expects BTC ETFs to see the coming of massive new and returning investors ā€“ Pension Funds, Sovereign Wealth Funds, and Endowments. As of May 2024, BlackRock is reportedly playing the role of an educator for such institutional investors in hopes of attracting them to Bitcoin exchange-traded funds and is seeing a general resurgence in interest from such entities. At the time of publication, BlackRock operates tha second-largest Bitcoin ETF ā€“ the iShares Bitcoin Trust (IBIT) ā€“ which boasts approximately $17 billion in assets under management (AUM). The financial giant is also working on closer relations with sovereign wealth funds ā€“ specifically the Saudi Arabian sovereign wealth fund ā€“ albeit, at this stage, unrelated to the worldā€™s premier cryptocurrency and is reportedly setting up the BlackRock Riyadh Investment Management (BRIM). $BTC #BTC #BlackRock
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