Thorchain investors are seeking new opportunities after a significant 35.5% dip last month, while BNB price recovery remains uncertain due to reduced trading volumes on Binance. On the other hand, BlockDAG (BDAG) emerges as the top crypto presale, showcasing impressive growth and optimism. With its viral promotional efforts, $54.3 million raised in presale, and a $10 price projection for 2025, BlockDAG is attracting substantial attention. Its strategic marketing, integration into DeFi exchanges, and innovative ASIC mining devices make it a standout choice for investors looking for promising returns in the cryptocurrency market. Thorchain Investors Hopeful Amid RUNE’s Price Dip Thorchain’s native token, RUNE, has experienced a 35.5% dip in the past month, currently trading at $4.38, down from its peak of $10.62 in Q1 2024. Despite no negative news, investor sentiment has dwindled. Long-term Thorchain investors still see it as a good hold, citing its surge from around $1 in August 2023. However, analysts predict that without a new narrative, RUNE could fall below $4, reflecting a bearish outlook for the token amidst a subdued cryptocurrency market. BNB Price Recovery Stalls Amid Declining Volumes BNB’s recovery is uncertain due to reduced trading volume on Binance. The BNB price recovery has stalled, falling to around $580, reflecting a 4.6% decline this week, following a strong rally in early June. Profit-booking has caused a notable downturn, indicating waning bullish momentum. Binance’s market share fell by 17.3% in May, with daily trading volume dropping from $61.05 billion in March to $10 billion in June. These declines have led crypto experts to adopt a conservative outlook on BNB, despite some investors still considering it one of the best cryptos to buy in 2024. BlockDAG’s Promising Future: $10 Price Projection BlockDAG is making significant strides in the crypto sphere, capturing attention with its ambitious $10 price projection for 2025, which translates to an impressive 80,000% increase from its current price of $0.014. This optimism is driven by BlockDAG’s viral promotional efforts, such as a keynote video at Tokyo’s bustling Shibuya Crossing and captivating events at the Las Vegas Sphere and Piccadilly Circus. These strategic moves have propelled BlockDAG’s presale coin to new heights, raising $54.3 million by selling over 11.8 billion coins by batch 19. Moreover, BlockDAG’s integration into DeFi exchanges like Bitget and CoinEx with the introduction of ASIC mining devices for mobile and home-based users, underscores its commitment to user-friendly innovation. This comprehensive approach has heightened investor confidence and generated substantial hype around its $100 million liquidity plan. In contrast, Thorchain investors are seeking new opportunities after a 35.5% dip last month, and BNB’s price recovery remains uncertain due to reduced trading volume on Binance. These downturns have sparked a significant increase in interest towards BlockDAG, as investors recognise its promising potential. The robust community engagement and strategic marketing efforts position BlockDAG as the top crypto presale for 2024, offering a beacon of hope and substantial growth potential for those looking for new investment opportunities. Final Say While Thorchain investors look for new opportunities following a 35.5% dip and BNB price recovery remains uncertain amid declining trading volumes, BlockDAG stands out as the top crypto presale. BlockDAG’s potential is underscored by its ambitious $10 price projection for 2025 and the impressive $54.3 million raised in its presale. The project’s strategic marketing efforts, integration with DeFi exchanges, and innovative mining solutions have significantly boosted investor interest and confidence. Given its promising growth trajectory, BlockDAG presents a compelling investment opportunity in crypto. 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 Thorchain Investors Pivot to BlockDAG with $10 Projection for 2025, While BNB Struggles to Keep Up appeared first on Blockonomi.

In the ever-evolving world of cryptocurrency, strategic investment decisions can lead to significant financial gains. Recently, a prominent crypto millionaire has made headlines by choosing to invest heavily in Mpeppe (MPEPE) over Brett (BRETT). This decision underscores the growing appeal of Mpeppe (MPEPE) as a high-potential investment. Here’s why following this success pattern could be beneficial for your portfolio.

The Rise of Mpeppe (MPEPE)

Mpeppe (MPEPE) has quickly become a standout in the cryptocurrency market. Built on the Ethereum network, it combines the viral allure of meme culture with tangible real-world applications, particularly in sports betting and fan engagement. This unique blend ensures sustained demand for the token, driving its long-term growth and stability.

The technological foundation of Mpeppe (MPEPE) is robust, leveraging the security, scalability, and interoperability of the Ethereum network. The token supports smart contracts, facilitating secure and efficient transactions. This advanced technology appeals to investors looking for reliable and innovative digital assets. Analysts are optimistic about Mpeppe’s (MPEPE) growth trajectory, predicting substantial returns as the token gains broader adoption. To acquire Mpeppe (MPEPE) tokens, use the smart contract address 0xd328a1C97e9b6b3Afd42eAf535bcB55A85cDcA7B.

Brett (BRETT): A Solid Yet Challenged Contender

Brett (BRETT) has established itself as a significant player in the decentralized finance (DeFi) space, known for its innovative approach and strong community support. The token leverages DeFi to create unique value propositions for its users, including opportunities for passive income through staking and yield farming.

Despite these strengths, Brett (BRETT) faces growing competition and market saturation, which has led some investors to seek alternative opportunities. The decision by a crypto millionaire to prioritize Mpeppe (MPEPE) over Brett (BRETT) highlights the shifting dynamics in the market and the search for tokens with higher growth potential.

Why Mpeppe (MPEPE) Is Gaining Favor

Several factors contribute to the increasing preference for Mpeppe (MPEPE) among savvy investors, particularly those who have previously invested in Brett (BRETT):

Practical Applications: Unlike many meme coins that rely purely on speculative trading, Mpeppe (MPEPE) offers real-world utility. Its applications in sports betting and fan engagement provide tangible benefits, ensuring ongoing demand for the token.

Technological Sophistication: Mpeppe (MPEPE) leverages the Ethereum network’s security, scalability, and support for smart contracts. This technological edge appeals to tech-savvy investors seeking innovative digital assets.

Growth Potential: With a strong foundation and increasing adoption, Mpeppe (MPEPE) is poised for significant growth. Analysts predict substantial appreciation in value, making it an attractive option for Brett (BRETT) and for those looking to maximize their returns.

Community Engagement: A strong and engaged community is crucial for the success of any cryptocurrency. Mpeppe (MPEPE) has been building a dedicated user base, which helps drive adoption and maintain demand, further supporting the token’s growth.

The Tokenomics of Mpeppe (MPEPE)

Understanding the tokenomics of Mpeppe (MPEPE) is essential for evaluating its investment potential. The tokenomics model is designed to ensure stability, growth, and community engagement. Key elements include:

Circulating Supply and Demand: Mpeppe (MPEPE) has a carefully managed circulating supply to ensure that demand remains high relative to the number of tokens available. This scarcity can drive up the token’s value as more investors seek to buy in.

Incentive Structures: To encourage long-term holding and community participation, Mpeppe (MPEPE) includes various incentive structures, such as rewards for staking and engaging in platform activities. These incentives help maintain a loyal and active user base.

Burn Mechanisms: Periodic token burns reduce the overall supply of Mpeppe (MPEPE), creating a deflationary effect. This can contribute to increasing the token’s value over time as the supply decreases while demand remains strong.

Strategic Benefits of Following This Success Pattern

For investors considering the shift from Brett (BRETT) to Mpeppe (MPEPE), the strategic benefits are clear. By diversifying their portfolios to include high-growth potential tokens like Mpeppe (MPEPE), investors can mitigate risks and maximize potential returns.

Early Adoption Advantage: Investing early in Mpeppe (MPEPE) allows investors to purchase tokens at a lower price, positioning themselves for significant gains as the value of the token increases over time. Early adopters often see the highest returns as the tokens appreciate in value.

Conclusion

In conclusion, the recent move by a crypto millionaire to invest in Mpeppe (MPEPE) over Brett (BRETT) underscores the growing appeal of Mpeppe (MPEPE) as a high-potential investment. While Brett (BRETT) remains a notable player in the DeFi space, Mpeppe (MPEPE) stands out for its blend of meme culture and practical utility, backed by advanced technology and robust growth potential. By following this success pattern, investors can diversify their portfolios and position themselves for substantial returns. The future looks bright for those ready to embrace the potential of Mpeppe (MPEPE) in the dynamic world of cryptocurrency.

For more information on the Mpeppe (MPEPE) Presale: 

Visit Mpeppe (MPEPE)

Join and become a community member: 

https://t.me/mpeppecoin

https://x.com/mpeppecommunity?s=11&t=hQv3guBuxfglZI-0YOTGuQ

The post Follow The Success Pattern Crypto Millionaire Buys Mpeppe (MPEPE) Over Brett (BRETT) appeared first on Blockonomi.

Pepe (PEPE) is drawing substantial attention due to a recent significant move by a prominent whale who transferred nearly 1 trillion Pepe (PEPE) tokens to Binance. This action has sparked concerns among market participants, triggering bearish sentiments despite the token’s recent price rally. 

 

The whale’s transfer, amounting to $14.42 million worth of Pepe (PEPE), has raised questions about potential panic selling, especially given the recent market turbulence. While the exact reasons behind these massive transfers remain unclear, the market has reacted with caution, reflecting the uncertainty surrounding Pepe’s (PEPE) future price movements.

 

In contrast, crypto whales are showing an increasing interest in a certain presale project, shifting their focus towards a more high-potential option. Let’s discuss the merits of this brazen newbie and how well it might be positioned to cut right in.

Pepe (PEPE) Faces Market Volatility Amidst Significant Whale Activity and Bearish Signals

 

Before we really get into high-promise options, our discussion must start with Pepe (PEPE). It is navigating turbulent waters as recent whale activities and on-chain data highlight significant market movements. A notable whale transferred nearly 1 trillion Pepe (PEPE) tokens to Binance, raising concerns about potential sell-offs and bearish sentiment among traders. This substantial transfer, valued at approximately $7.8 million, has sparked fears of increased selling pressure. 

 

Despite a brief price surge earlier this week, Pepe’s (PEPE) market structure remains bearish, with analysts predicting further downside risks. Technical indicators like the RSI and Awesome Oscillator suggest ongoing bearish momentum, while increased profit booking adds to selling pressure. The token’s price action near key support levels is crucial, with potential resistance at $0.000013 and $0.000014 offering hope for recovery if sustained. However, breaking below current support could see Pepe (PEPE) declining to around $0.00000870, further exacerbating bearish outlooks.

 

In the backdrop of these market dynamics, another smart money trader offloaded 118.5 billion Pepe (PEPE) to Kraken, realizing an 11-fold return. This move underscores the bearish sentiment, as such significant dumps are often seen as negative indicators for future price movements. The trader had originally purchased the tokens for $0.13 million and sold them for $1.48 million, demonstrating strategic profit-taking amid market volatility. 

 

Adding to the complexity, the number of Daily Active Addresses for Pepe (PEPE) has seen a 24% drop over the past week, suggesting reduced interest and participation in the market. This declining network activity aligns with the broader bearish sentiment, further complicating the outlook for Pepe (PEPE). 

 

Additionally, the Futures Open Interest (OI) and derivatives volume for Pepe (PEPE) have shown mixed signals. While the OI has seen a 3.76% increase, indicating some level of renewed interest among futures traders, the derivatives volume has dipped by 35.85%, suggesting reduced overall market activity. These conflicting signals highlight the precarious position PEPE finds itself in.

Minotaurus to the Max?

Now, we turn to Minotaurus. The project that provides stark contrast to the kind of situation that Pepe (PEPE) finds itself in. It is a presale project that might revolutionize a few niches at once. The heart of it all is a Minotaur-controlling hybrid-casual game that runs on blockchain technology. Get in-game incentives by navigating mazes, fighting monsters, and overcoming obstacles. The experience is further enhanced by the captivating scenery and straightforward narrative.

Out-of-Game Advantages – What’s In It for You?

In the presale, you may get $MTAUR tokens for a steal of a price—$0.00004 each—compared to the listing price of $0.00020. This is a huge savings for early participants. Plus, bonuses upon vesting, referral incentives, and in-game currency swaps are all available to holders of $MTAUR. Get access to features such as the ability to purchase one-of-a-kind Minotaurs, personalize your avatar, access to locked areas, upgrades, mini-games, speed enhancements, and friend benefits.

Possible Customer Base

This is a rapidly expanding market: casual gaming is predicted to reach $19.92 billion by 2027, expanding at a pace of 9% per year. Minotaurus has a good chance of benefiting from this expansion. The hybrid casual games were also a popular genre in 2023, with 5.9 billion downloads across different platforms. These numbers all bode very well for the promising project.

When is the Best Time to Join?

Minotaurus is well-positioned for expansion because of its strategic market positioning. Early-bird benefits, tokens utility, and other perks should be enough to make you consider it. If not, perhaps the 80% price cut will do the trick!

>> Get Ready to Save 80% on Minotaurus During the Presale! <<

For a 5% bonus, redeemable up to 48 hours after this article is published, use the password PJS707 when you check out.

Conclusion

Pepe (PEPE) is experiencing significant market volatility due to recent whale activities and substantial token transfers. Despite a brief price surge, the memecoin’s market structure remains bearish, with technical indicators suggesting ongoing bearish momentum. In contrast, Minotaurus ($MARK) is attracting fairly strong interest from crypto whales, particularly during its presale phase, which offers significant early-bird advantages. With a focus on the casual gaming market and strategic tokenomics, Minotaurus presents a compelling opportunity for early participants. 

 

Learn more about Minotaurus:

Website: http://minotaurus.io/

Announcements: https://t.me/minotaurus_official

Chat: https://t.me/minotaurus_chat

Twitter: https://twitter.com/minotaurus_io

 

The post Crypto whales Move to MTAUR as 1 Trillion PEPE Shifts to Binance appeared first on Blockonomi.

The market is witnessing significant developments with Polkadot (DOT) and Cardano (ADA) garnering attention due to their latest collaboration. The ongoing development of a bridge between Polkadot (DOT) and Cardano (ADA) has sparked considerable excitement within the community. 

 

This partnership is seen as a crucial step towards creating a more integrated and efficient blockchain ecosystem, driving positive sentiment and speculation about the future potential of both projects. Meanwhile, there is a very special presale project that is capturing headlines as it sets the stage for substantial growth. 

 

There are, of course, no guarantees, but, currently in its presale phase, this coin offers unique early-bird opportunities that have attracted a significant number of participants already. Let’s discuss all 3 coins and perhaps make some guesses regarding their future trajectories.

See Big Potential in Today’s Market with Minotaurus

Are you new to cryptocurrency? Debuting in the casual gaming sector, Minotaurus is a blockchain enterprise worth investigating… Of course, if -80% price cuts and other perks interest you.

Playing as a Minotaur, blazing through labyrinths while dodging traps, fighting foes, and collecting loot is the essence of Minotaurus, an infinite runner game. Use the simple controls on your mobile device to get ahead. Personalize your Minotaur, discover new regions, and compete with friends. Buy in-game items like skins and power-ups to level up your character as a part of the token’s utility.

Reasons to Join:

An 80% reduction from the $0.00020 listing price, early birds may get $MTAUR tokens at only $0.00004 apiece during the presale.

Minotaurus joins the $14.78 billion casual gaming market, which is increasing at a rate of 9% per year, contributing to the sector’s expansion.

Tokens are unlocked gradually using cliff and vesting processes, which might help to stabilize the situation.

Smart contracts audited by SolidProof and Coinsult point to ecosystem integrity. 

Now Is the Moment to Act

Minotaurus is an excellent pick for newcomers because of its low entry fee, promising market, wide range of token uses, and robust security features. Link up your wallet today since the 80% sale won’t be around for too long.

>>> BUY NOW <<

Use the promo code PHD765 at checkout to save an extra 5% for the first 48 hours after this article is published.

Polkadot (DOT): Navigating the Path to Recovery

 

The second coin, Polkadot (DOT), has been in a challenging phase, grappling with a descending channel since late May. Despite the downward trend, recent indicators suggest a positive shift in market sentiment. The Chaikin Money Flow (CMF) has entered the positive zone for the first time in nearly a month, signaling a surge in buying pressure and renewed investor interest. Additionally, the funding rate remains slightly positive, indicating a balance with a slight tilt towards long contracts.

 

Polkadot’s (DOT) current price dynamics show attempts to break out of its descending channel. The positive CMF indicates that money is flowing back into DOT, often a precursor to upward price movement. If Polkadot (DOT) can break out of the descending channel, analysts predict a potential short-term rally of about 6%, which would push the price above key resistance levels around $6.3.

 

Polkadot (DOT) holds significant promise as it attempts to break free from its current downtrend. Optimistic predictions suggest that if market sentiment remains positive and technical indicators continue to support an upward movement, Polkadot (DOT) could reach a price range of $8 to $10 by the end of the year. This potential growth hinges on the successful implementation of strategic partnerships and continued development of its interoperability features. 

Cardano (ADA): Embracing Transformation with the Voltaire Era

 

The third pick, Cardano (ADA), is poised for a significant transformation with the upcoming Voltaire era, which will introduce advanced governance features. This development marks a pivotal moment for Cardano (ADA), enhancing its community-driven nature. Despite recent price declines, the anticipation surrounding the Voltaire era has generated a positive buzz in the market.

 

Currently trading at one of its lowest points of the year, Cardano (ADA) has seen its price dip significantly. However, forecasts suggest a potential turnaround. Analysts predict a modest 6% increase by the end of June, driven by the impending Chang Hard Fork upgrade, which will bring new governance options and potentially boost the price to around $0.40.

 

Cardano’s (ADA) prospects are closely tied to the successful implementation of the Voltaire era and the Chang Hard Fork upgrade. Optimistic predictions indicate that if these upgrades are well-received and the market conditions improve, Cardano (ADA) could potentially reach a price range of $1 to $2 by the end of the year. These advancements are expected to enhance Cardano’s (ADA)governance capabilities and community engagement, positioning it for long-term growth. 

Conclusion

Bigger projects are making significant strides in the crypto market with their latest collaboration, aiming to enhance interoperability and functionality between their blockchain platforms. Meanwhile, Minotaurus ($MTAUR) is capturing attention with its presale phase, offering early-bird opportunities and targeting the casual gaming market. With strategic tokenomics, engaging gameplay, and robust monetization strategies, Minotaurus is well-positioned for potential growth. Early adopters can acquire $MTAUR tokens at an 80% discount during the presale, with the potential for significant successes as the project develops.

Learn more about Minotaurus:

Website: http://minotaurus.io/

Announcements: https://t.me/minotaurus_official

Chat: https://t.me/minotaurus_chat

Twitter: https://twitter.com/minotaurus_io

 

The post MTAUR set to skyrocket; DOT and ADA partnership sparks community excitement appeared first on Blockonomi.

There have been some sharp, sharp declines recently. Bitcoin (BTC) dropped to around $60,000, raising concerns of an impending correction. Shock ETF data has highlighted a significant outflow from Bitcoin (BTC) exchange-traded funds, totaling over $1.1 billion since mid-June. Analysts attribute this to investor pessimism regarding potential interest rate cuts by the Federal Reserve. BlackRock, a major player in the market, issued warnings that central banks might need to maintain higher interest rates to combat persistent inflation, further fueling fears of a continued downturn.

Despite these challenges, several altcoins seem poised for a rebound. Among them, there is a very promising presale project that seems to be getting huge support due to strong growth potential within a potentially lucrative niche.

Minotaurus: Great Opportunity for Everyone

An intriguing casual gaming project called Minotaurus is almost set to take off in the presale stage. Players must avoid traps, fight foes, and gather in-game coins in this labyrinth-running in its core game, inspired by Greek mythology. To appeal to a broad demographic, the project allows you to compete on mobile with simple controls, best your friends, and rise through the leaderboards.

Minotaurus offers new members a lot: a unique gaming experience, a good model for expansion, a useful token, and early-bird bonuses.

Why Go with Minotaurus?

There are several features to take into consideration:

Presale Price. $MTAUR tokens are available for $0.00004 apiece during the presale, which is 80% off the planned listing price of $0.00020.

Useful for a Range of Purposes. More involved $MTAUR holders are eligible for referral bonuses and incentives that vest. 

In-Game Utility. Receive access to mini games, speed bonuses, special zones, unique upgrades, buddy incentives, and avatar customization using $MTAUR.

Big Potential. The casual gaming business is worth $14.78 billion and is expanding at a rate of 9% per year per Statista. The solid combination of strong features, fun gameplay, and blockchain technology sets Minotaurus up for potential success.

Skilled Team. The project is driven by experienced individuals who know what to do with the potential that obvious.

If you follow the news, you’d know: the casual gaming industry is actively expanding. Therefore, now is the time to join and take advantage of the early bird price cut. Also, to get an additional +5%, use the code CYH927 – only valid for 48 hours since publication. 

Solana (SOL): Surging Forward with ETF Buzz

 

The next coin is not as promising, but it is better-known – Solana (SOL). It has recently seen a significant spike in its trading value, fueled by news of VanEck filing for a Solana (SOL) ETF in the US. This development has sparked renewed interest and optimism in Solana (SOL), driving a 7% increase in its price almost immediately. The potential approval of this ETF positions Solana (SOL) alongside major digital assets like Bitcoin (BTC) and Ethereum (ETH), enhancing its market stature and appeal to a broader range of investors.

 

The news of the ETF filing propelled Solana’s (SOL) price to $150 from its previous low of $135 amid a market-wide correction. This sudden surge highlights the sensitivity of Solana’s (SOL) price to significant market developments and investor sentiment. As the cryptocurrency market navigates through volatility, Solana’s (SOL) ability to quickly rebound and attract substantial trading volume showcases its robust market presence.

 

Looking ahead, Solana’s (SOL) prospects are bolstered by the potential approval of the VanEck ETF, which could significantly increase its market exposure and adoption. However, challenges remain, including regulatory hurdles and the overall market’s volatility. 

Toncoin (TON): On the Brink of a New High

 

Moving on, let’s talk about Toncoin (TON). It is experiencing a robust upward trend, currently trading around $7.65 after testing and rebounding from its ascending trendline support. The increased activity and interest within the Toncoin (TON) ecosystem suggest a strong foundation for further growth, supported by positive on-chain data and technical indicators.

 

Toncoin (TON) recently tested its ascending trendline support and rebounded by 10%, hitting fresh weekly highs. The coin’s price movement indicates a potential setup for breaking past its previous all-time high of $8.29. The Relative Strength Index (RSI) and Awesome Oscillator (AO) both show bullish momentum, reinforcing the positive outlook.

 

Toncoin’s (TON) bullish setup, indicated by ascending triangle patterns and strong technical indicators, suggests the potential for reaching a new high of $9.82. However, if the upward trendline support is breached and the price closes below $6.88. Continuous monitoring of market sentiment and technical signals is crucial for navigating Toncoin’s (TON) price movements.

TRON (TRX): Climbing Market Ranks

 

TRON (TRX) has recently climbed to its highest trading level in the past month, driven by increased demand. The altcoin’s price has surged to $0.12, reflecting strong buying pressure despite a broader market drop. TRON (TRX) has also surpassed Shiba Inu (SHIB) in market capitalization, now holding the position as the 11th largest cryptocurrency.

 

The recent demand surge has propelled TRON’s (TRX) value by almost 10% in the last month. Despite strong buying interest, there has been an increase in exchange inflow volume, suggesting some traders are taking advantage of the price rise to realize gains. The Relative Strength Index (RSI) is in an uptrend, indicating more accumulation than selling.

 

TRON’s (TRX) bullish sentiment and position in the market indicate a potential continuation of its upward trend. If buying pressure sustains, TRON (TRX) could move past $0.12 to target $0.13. Keeping an eye on market dynamics and on-chain data will be essential for predicting TRON’s (TRX) next moves.

NEAR Protocol (NEAR): Riding the AI Wave

 

The last coin today is NEAR Protocol (NEAR). It has recently experienced a notable surge in its market performance, attributed to the increased integration and adoption of AI technologies. Over the past ten days, NEAR Protocol (NEAR) has surged by 10%, a significant achievement considering the overall downtrend in the crypto market. This growth is largely driven by NEAR Protocol’s (NEAR) strategic focus on unifying blockchain with AI, as emphasized by NEAR Protocol (NEAR) Foundation COO Chris Donovan.

 

The price of NEAR Protocol (NEAR) has benefited significantly from its AI initiatives. The trading volume has also seen a remarkable increase, rising by 29.98% to $492 million. This trend suggests strong market confidence and increasing investor interest in NEAR Protocol’s (NEAR) potential.

 

The integration of AI within the NEAR Protocol (NEAR) is creating substantial bullish sentiment. The project’s emphasis on AI technologies aligns well with current market trends, which are increasingly favoring AI-themed tokens. According to technical indicators, including the Money Flow Index (MFI) and Simple Moving Average (SMA), NEAR Protocol (NEAR) is poised for continued growth. If the buying pressure persists, NEAR Protocol (NEAR) could break its next resistance level at $5.755 and potentially reach $6.396 in a bullish scenario. 

Conclusion

There are several coins that seem poised for a significant rebound. Among them, there’s one option that stands out – Minotaurus. Currently in presale, offers early adopters significant advantages with an 80% discount on its native token $MTAUR. The project promises a robust gaming ecosystem with various incentives for holders and players, making it a compelling opportunity in the thriving casual gaming market. Are you in? 

Learn more about Minotaurus:

Website: http://minotaurus.io/

Announcements: https://t.me/minotaurus_official

Chat: https://t.me/minotaurus_chat

Twitter: https://twitter.com/minotaurus_io

The post Shock ETF Data Signals BTC Correction, Top 5 Altcoins Set for Rebound appeared first on Blockonomi.

As 2024 nears, the crypto market is abuzz with three standout contenders: Axie Infinity (AXS), which is making a strong recovery with prices rising from $13 to $15, the newly launched Spot Ether ETFs expected to bring more volatility and BlockDAG’s remarkable $2 million giveaway. Unlike AXS’s unstable prices and the speculative impact of Ether ETFs, BlockDAG offers a solid opportunity for substantial returns with a minimal $100 investment in BDAG during its presale. Axie Infinity (AXS) Displays Market Resilience Axie Infinity has demonstrated its market durability, showing potential for a climb to $20. Despite setbacks, AXS rebounded from a low of $11 to trade around $15. Supported by a surge in purchases, its upward trajectory suggests a positive market sentiment. Although it has struggled to surpass the $15 mark, maintaining a price above $13 indicates sustained investor interest. Should trading volumes remain consistent, AXS could soon challenge its first significant resistance level at $20. Investors are advised to stay alert to AXS’s high volatility, which requires strategic risk management. Spot Ether ETFs Introduce New Dynamics The introduction of Spot Ether ETFs in the US marks a significant milestone in the crypto market, promising to stir things up. Investors are preparing for increased volatility in Ether’s price, expecting fluctuations similar to those seen with other cryptocurrencies. Ether is currently valued at $3,525.26, reflecting a 15.5% gain over the past month. These ETFs are predicted to amplify market dynamics, with experts foreseeing a more turbulent environment for Ether. This launch represents a pivotal moment that could attract substantial investor interest. However, the anticipated volatility also brings risks, necessitating careful monitoring and strategic risk management for investors navigating these uncertain conditions. BlockDAG’s Exciting $2M Giveaway and Efficient Mining Solutions BlockDAG is capturing the spotlight with its $2 million giveaway, enticing both the community and new investors. Participants holding at least $100 in BDAG can enter the giveaway by completing tasks and inviting friends. The giveaway’s large prize pool is distributed among 50 winners, showcasing BlockDAG’s stability and potential amidst a turbulent market. This initiative not only offers generous rewards but also cements BlockDAG’s competitive edge. Moreover, the X30 Miner from BlockDAG flaunts impressive specs, with a 280 GH/s hash rate and a mere 220 watts power usage, tripling mining efficiency. It allows users to mine up to 600 BDAG daily, making it an ideal tool for miners seeking high returns. Its eco-friendly design ensures minimal noise and power balance, enhancing its appeal. Utilizing state-of-the-art ASIC technology, the X30 Miner is optimized for SHA-256, supporting mining for Bitcoin and Kaspa in addition to BDAG. This feature makes it highly sought-after for maximizing returns and expanding BlockDAG’s mining community. With over $54 million raised in its presale, BlockDAG is now in batch 19, selling at $0.014 per BDAG, reflecting an impressive 1300% price increase. Final Thoughts To summarize, while AXS and Spot Ether ETFs add flavor to the market’s dynamics, BlockDAG sets itself apart with robust initiatives and powerful mining solutions. The $2 million giveaway, alongside a successful $54 million presale, positions BlockDAG as a transformative force in the upcoming bull run. Participating in BlockDAG’s activities not only heightens the chance to win big but also integrates investors into an expanding and innovative crypto community. 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 Crypto Market Forecast: BlockDAG’s $2M Giveaway Transcends AXS Recovery & Ether ETF Launch appeared first on Blockonomi.

Pawfury (PAW), the native cryptocurrency of the innovative blockchain network Pawfury, is currently selling at a competitive $0.01020 per token. This attractive pricing is part of its presale event. With its ultra-low presale price, paired with Pawfury’s underlying utility and innovative tokenomics, PAW has captured the attention of many analysts, who predict lucrative returns in the coming months and years. In fact, veteran crypto experts anticipate PAW achieving exponential growth to the point where it’s likely to outpace even Polygon’s MATIC and similar success stories like Cardano (ADA) and Solana (SOL). While most predictions vary in their exact target, a common theme is PAW climbing past the $1 threshold faster than MATIC’s ascent from $0.01 to $2.00 in 2021. Diverse Use Cases Foretell Mass Adoption Pawfury has quickly become a notable presence in the blockchain world, securing over $3.76 million shortly after its inception, a testament to the investor confidence in its potential. The project is a true reflection of the core values of blockchain technology, emphasizing decentralization, a commitment to privacy, and fostering financial autonomy among its users, with a strong focus on community-led direction. At its foundation, Pawfury features a robust network based on innovative blockchain technology. It boasts a suite of decentralized services including a decentralized exchange, the user-driven non-custodial Pawfury Wallet, engaging Metaverse gaming experiences, and informative resources. Additionally, Pawfury offers cryptocurrency-compatible prepaid cards, streamlining the management of digital assets on a global scale without the complexities of KYC checks. A Deflationary Engine Driving Surge Predictions While practical applications are key to viral growth and delivering value, capturing that value in token pricing is another matter. Pawfury’s ingenious tokenomics are designed with that reality in mind, as reflected in the project’s emphasis on deflationary mechanisms. Automated by smart contracts, this deflationary design diverts a portion of all fees and income to systematically buy back and burn PAW tokens. In doing so, the circulating supply is lowered, making each token that much more valuable. This mechanism is the catalyst behind forecasts of a meteoric rise to $1. Deflationary tokenomics are rooted in game theory best practices. As the project soars in popularity thanks to its rich array of applications, the underlying systems will automatically destroy some of the circulating supply. As a result, the system will trigger the same conditions that propelled MATIC and other top gainers skywards on price charts. With demand eclipsing availability, economics 101 tells us that valuations quickly follow the same upward trajectory. While all predictions are prone to uncertainty, there are two forces currently molding an optimistic outlook for PAW. First, Pawfury’s ecosystem of applications will generate substantial revenue through fees and other avenues. Secondly, those funds will go on to take tokens out of the supply pool. Collectively, these forces underpin the optimism of analysts for PAW, with many believing that the $1 milestone may be achieved in mere months rather than the years it took MATIC. Click Here To Buy PAW Tokens Pawfury’s Competitive Edge Over Rival Networks While many projects in the crypto space make tall promises, many of them come up short when tested in the real world. This is where Pawfury’s unique competitive advantages come into play and position it for faster growth over previous top gainers. For starters, its robust technology infrastructure centered on sustainability sets it apart from first-generation chains that were notorious for excessive energy consumption due to the proof-of-work model. Not only does this make Pawfury more efficient, but it’ll also guard against mainstream criticism of blockchain technology and its role in climate change. Furthermore, intentional token deflation combined with burning separates it from tokens like DOGE, which actually mints billions of new tokens each year as part of its inflationary design. With an intense focus on ease of use and practical applications, PAW will appeal to industry veterans and newcomers alike. This potent blend of technical sophistication, economic viability, and emphasis on user experience is predicted to accelerate growth in a way that is unprecedented in the cryptoverse. That explains the incredibly bullish projections by analysts of reaching the $1 point on an expedited timeline. By harnessing Pawfury’s demonstrable competitive edge over rivals before the masses catch on, buyers with open positions in PAW stand to benefit from potentially historic growth ahead. Capitalizing on PAW’s Presale Stage The ongoing presale marks a rare opportunity for crypto investors to acquire PAW at a bottom price of $0.01020. Future listings on exchanges will carry a premium over these early-believers rates. Pawfury also provides bonuses for larger buys during this introductory period. The tremendous inherent utility and deflationary tokenomics of PAW underpin the analyst projections of PAW outpacing MATIC in its climb to $1. With any opportunity, the early mover’s advantage represents a great edge, and with Pawfury, the presale is the earliest opportunity to acquire the premier crypto token of tomorrow. Click Here To Buy PAW Tokens Visit the links below for more information about Pawfury (PAW). Website : https://pawfury.com Whitepaper: docs.pawfury.com

The post Analysts Anticipate Rapid Growth for $0.01020 Cryptocurrency, Projecting Quicker Surge to $1 than Polygon (MATIC) appeared first on Blockonomi.

Heading into mid-2024, the crypto market is alive with significant activities. Solana is grappling with a downturn, mirroring broad investor uncertainty and unstable market conditions. On the other hand, Filecoin maintains its appeal, backed firmly by institutional investors despite its recent price volatility. In this varied market realm, BlockDAG emerges as a standout, harnessing the power of Directed Acyclic Graph (DAG) technology to enhance transaction processing and scalability. Industry experts are optimistic, predicting that BlockDAG’s innovative tactics could boost its daily presale revenue to a remarkable $5 million, potentially positioning it as a market leader by 2024. Solana’s Challenges Ahead Currently, Solana’s market value is declining, having fallen from a March high of $202 to just $138.39 now. This downturn reflects wider market trepidation, underscored by a 14% reduction in daily trading volumes and an 8.57% decrease over the past week. Although there’s potential for recovery if Solana can overcome the $157 resistance, prevailing bearish indicators like a low RSI of 37.26 and negative MACD hint at a possible further decline to $102 if conditions don’t change. Filecoin Endures Market Fluctuations Filecoin recently experienced a price surge, driven by Grayscale Investments, that nearly reached its all-time high of $273.57 before retreating slightly. The price touched $239.94 but then fell by 2.82%, settling around $180. Despite these shifts, Filecoin benefits from continued institutional support, as evidenced by Protocol Labs holding approximately 600 million FIL tokens, underscoring Filecoin’s crucial role in decentralized storage on the blockchain. BlockDAG Eyes $5M Daily Presale Profits BlockDAG is trailblazing the blockchain domain with its innovative Directed Acyclic Graph (DAG) technology. Unlike conventional blockchains that process transactions in a linear order, BlockDAG’s architecture enables each block to link to multiple predecessors. This key modification greatly enhances transaction capacity and network throughput, effectively addressing scalability issues and improving efficiency. Moreover, BlockDAG’s low code/no code platform democratizes blockchain development, making it more accessible to a wider audience. This simplification in building blockchain applications encourages broader engagement and drives innovation without requiring extensive technical expertise. This strategy is set to speed up the adoption of blockchain technology across diverse sectors. The current presale of BlockDAG has been exceptionally successful, with the coin price climbing from $0.001 to $0.014 across 19 batches. The presale coin has collected a staggering $54 million, selling over 11.8 billion BDAG coins. These remarkable results have fueled optimism among analysts, who foresee a potential increase in daily sales from $500K to $5 million shortly. Significantly, this forecast is bolstered by BlockDAG’s cutting-edge technology and robust presale achievements. Its distinctive features and strong market presence equip BlockDAG to potentially surpass its competitors and emerge as a top cryptocurrency by 2024. Final Thoughts Amid the challenges faced by Solana and the steady performance of Filecoin, BlockDAG’s ascension in the cryptocurrency market is notably remarkable. Its cutting-edge DAG technology and accessible blockchain platforms are setting new industry standards, priming it for substantial growth. Predictions of daily sales hitting $5 million underscore BlockDAG’s potential to surpass its rivals and emerge as a dominant cryptocurrency by 2024. As BlockDAG continues to advance, it is poised to profoundly transform the arena of blockchain technology. 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 Crypto Strategist Forecasts BlockDAG’s Explosive $5M Daily Sales: Solana and Filecoin Left in the Dust? appeared first on Blockonomi.

Shiba Inu and Dogecoin were the stars of 2021, offering astronomical returns to early investors and creating a frenzy in the crypto market. But as the crypto landscape evolves, new opportunities emerge. Enter Pawfury, an innovative cryptocurrency poised to surpass the success of Shiba Inu (SHIB) and Dogecoin (DOGE) in 2024. Pawfury’s Promising Start Pawfury has quickly become a standout in the crypto community, thanks to its innovative technology and vibrant community support. Its presale has already raised over $3.7 million, reflecting strong investor confidence in the project’s potential. Market analysts are optimistic about PawFury’s future, predicting significant growth once it launches on major exchanges. Advanced Technology Driving Growth PawFury leverages cutting-edge blockchain technology to offer unique solutions that address real-world problems. Its platform is designed for scalability, security, and efficiency, making it a valuable asset in various industries. This technological edge sets PawFury apart from meme coins that rely primarily on hype. Strong Community Backing One of Pawfury’s greatest strengths is its dedicated community. With over 33,000 members on Telegram, the community actively participates in the project’s development and promotion. This robust support system is crucial for PawFury’s growth and adoption, ensuring a steady increase in demand for its native token. Successful Presale and Investor Confidence PawFury’s presale success is a testament to the project’s appeal. Raising over $3.7 million in a short period demonstrates high investor interest and confidence. As the presale continues, early investors have a unique opportunity to acquire PawFury tokens at a favorable price of $0.01020. Based on market analyst projections, PawFury is expected to list at $0.0200 upon launch, and with strong ongoing  momentum, it has the potential to hit $1, offering investors a 98x return on investment. Why Pawfury is Set to Outperform Diverging from the speculative foundations of Shiba Inu and Dogecoin, PawFury stands firm on a bedrock of robust fundamentals. Its game-changing technology, well-defined roadmap, and unwavering community backing establish a solid foundation poised for lasting growth. With a deflationary tokenomics model, PawFury employs a strategic buyback and burn mechanism that actively reduces the token supply, fostering long-term value appreciation and ensuring sustained stability. The Road Ahead PawFury’s roadmap is ambitious, with plans for upcoming developments and strategic partnerships that could significantly enhance its value and utility. As the project gains traction, its market value is expected to skyrocket, offering substantial returns to early investors. To celebrate its significant achievements, PawFury is offering an enticing bonus. Use the code MEGA10X during the presale to earn a 10% EXTRA  bonus on your PawFury investment. This limited-time offer allows early investors to maximize their returns even further. Conclusion PawFury stands out among digital currencies, poised to surpass meme coins such as Shiba Inu and Dogecoin as well as Pepe (PEPE). Its cutting-edge technology, coupled with a steadfast community of supporters and a successful presale campaign, positions PawFury for substantial growth in the year 2024. While Pawfury presents an enticing investment prospect, potential investors are wise to engage in thorough research, closely monitor market trends, and assess their individual risk tolerance before embarking on any investment ventures. For more information about Pawfury and to join the presale, visit:

Website: pawfury.com

Twitter: x.com/Paw_Fury

Telegram: t.me/PawFury

The post Emerging Cryptocurrency Set to Outperform Shiba Inu (SHIB) and Dogecoin (DOGE) in 2024 appeared first on Blockonomi.

Injective’s market trajectory is on an impressive rise, showcasing substantial price climbs and signaling a potential market breakout. Amidst these market movements, Charles Hoskinson, founder of Cardano, has introduced a unique twist in the crypto narrative with a new meme coin inspired by his pet pig’s social media fame. Concurrently, BlockDAG seizes the spotlight with its recent Keynote 2 announcement. This emerging cryptocurrency player has drastically shortened its mainnet launch timeline to just four months. Market analysts are abuzz, projecting that BlockDAG’s valuation might catapult to $20 by 2027, signaling bright prospects for this budding digital asset. Injective (INJ) Price: On the Verge of New Highs? Injective’s price trajectory remains bullish, marking a remarkable 2,228% rise over the past twelve months and demonstrating strong market engagement. The price movement has been between $34 and $41, inching towards a critical $50 resistance level. If the current support through vital EMAs holds, it could propel Injective’s price even higher. Market experts anticipate that the Injective price could achieve $60.48 by the end of 2024. This projection hinges on continued market stability. Cardano Founder Ignites New Meme Coin Craze Charles Hoskinson, the innovator behind Cardano, posted an image of his pet pig Nike, sparking the swift creation of a meme coin called “NIKE.” This coin quickly climbed the ranks within the Cardano ecosystem, overshadowing the previously dominant meme coin, SNEK. NIKE’s rise highlights the influence of social media on the crypto market, injecting excitement into the Cardano community while sparking discussions on the validity of meme coins in financial markets. BlockDAG’s Keynote 2 Catalyzes Early Mainnet Introduction BlockDAG has recently made its mark in the cryptocurrency field with the introduction of Keynote 2 ‘from The Moon’. This presentation announced an advanced Blockchain Explorer, aimed at enhancing transaction, block, and node management efficiency. New capabilities, such as Smart Contract Transactions and Asset Balances, have been added. Additionally, BlockDAG has shortened its mainnet launch timeframe, initially planned for six months but now expected in four, indicating swift progress and solid execution. Financial metrics for BlockDAG are robust. The platform has reached Batch 19 in its coin presale, with a price of $0.014 per coin and total fundraising exceeding $54 million, reflecting high investor trust and market enthusiasm. Experts estimate that the BDAG coin’s value might skyrocket to $20 by 2027, with daily sales expected to grow from $500,000 to $5 million. These milestones highlight BlockDAG’s prominent and dynamic role in the 2024 crypto market, positioning it as the leading crypto presale coin. Last Call As the cryptocurrency landscape evolves, BlockDAG remains notable for its ambitious schedule and significant technological advances revealed in Keynote 2. The promise of a mainnet launch within four months makes BlockDAG a strong player in the competitive cryptocurrency field. With its projected valuation of $20 by 2027, the platform is set for substantial growth and reaffirms its commitment to innovation and market expansion. Keep your eyes on BlockDAG; it’s poised to reshape the vibrant cryptocurrency landscape. 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 Heads Up, Injective & Cardano Enthusiasts! BlockDAG Sets Mainnet Launch for 4 Months Ahead with Predictions of $20 by 2027 appeared first on Blockonomi.

Crypto continues to be a major talking point ahead of the US Presidential elections in November. Anthony Scaramcci, the founder of SkyBridge Capital and Bitcoin (BTC) advocate, recently discussed the impact that the US Presidential elections could have on the crypto market. Crypto tokens like ETFSwap (ETFS) are set to benefit massively from the aftermath of the polls.

ETFSwap (ETFS) Will Be Huge For Global Crypto Industry

ETFSwap (ETFS) is an investment platform that is set to make a massive impact on global finance by integrating traditional finance (TradFi) with decentralized finance (DeFi). The platform tokenizes exchange-traded funds (ETFs) and combines them with the basic principles of decentralization.

Users on the ETFSwap (ETFS) can trade these tokenized ETFs alongside cryptocurrencies on the platform. The decentralized trading platform allows users to swap their ETFSwap (ETFS) tokens for other crypto assets without needing a third party. The ETFS token is also what investors will convert to their preferred ETF when investing.

In addition to ETFs and cryptocurrencies, ETFSwap (ETFS) provides access to various commodities, including gold, silver, and crude oil, among others. Using the DeFi platform to invest is very straightforward as Know-Your-Customer (KYC) requirements are non-mandatory, meaning users can start investing in seconds.

ETFSwap (ETFS) has also committed to ensuring that investors on the platform enjoy substantial returns on their investments. The trading platform has integrated advanced artificial intelligence (AI) powered tools (ETF Screener and ETF Tracker), which provide users with the best recommendations based on big data analysis. It also offers leverage trading for ETF trades. Users can use up to 50x leverage on their ETF investments, maximizing their gains and enjoying higher returns. The trading platform also offers perpetual trading services, allowing users to keep their trades open for as long as they like.

Etfswap’s (ETFS) beta platform is expected to launch in 30 days, meaning now is the perfect opportunity to accumulate the ETFS token ahead of the event. Moreover, ETFSwap (ETFS) is still selling at a discounted price of $0.01831 in its ongoing presale and will take off once the beta platform launches, with the trading volume it will enjoy from the onset.

US Presidential Elections Could Bring New Highs For Bitcoin

Scaramucci remarked that the US Presidential elections could bring new all-time highs (ATHs) for Bitcoin (BTC). He specifically mentioned President Joe Biden winning the US presidential elections in November as the catalyst for Bitcoin (BTC) to reach a new ATH. Scaramucci predicts that Bitcoin (BTC) could rise as high as $250,000 if Joe Biden wins the US presidential elections.

Donald Trump had recently affirmed his support for Bitcoin (BTC) and other crypto tokens. He promised to end Biden’s war on Bitcoin (BTC) and crypto in general if he wins the US presidential elections.

However, Scaramucci doubts Trump’s intentions are genuine and noted how the former US President was against Bitcoin (BTC) and other crypto while he was the President. Scaramucci believes that Trump has simply changed his stance on Bitcoin (BTC) to win votes. As such, he hinted that Trump could revert to his anti-crypto stance if he eventually wins the US presidential elections.

On the other hand, Scaramucci stated that the Biden administration is open to Bitcoin (BTC) and other cryptos even though it might not appear so. The SkyBridge Founder again affirmed that things will only get better for Bitcoin (BTC) and the crypto industry if Biden emerges victorious in the US presidential elections in November.

Conclusion On The Way Forward For ETFSwap (ETFS)

Scaramucci predicted that other layer-1 ETFs will likely be approved following the approval of the Spot Ethereum ETFs. This is significant for ETFSwap (ETFS) as the crypto token’s value will skyrocket as more crypto funds get approved since they will be actively traded on the investment platform. Analysts predict the crypto token could enjoy a 100x gain as its demand increases. As such, you can’t afford to miss ETFSwap (ETFS) while it is still undervalued at its current price of $0.01831.

For more information about the ETFS Crypto Presale:

 Visit ETFSwap Presale

Join The ETFSwap Community

The post Bitcoin Advocate Anthony Scaramucci Reveals How The US Presidential Elections Will Affect Crypto appeared first on Blockonomi.

The crypto market sinks further into the fear index as 44 of the top 50 cryptocurrencies register negative growth. This period of market instability often precedes significant shifts and can indicate the emergence of new opportunities within the crypto sector.

While Ripple (XRP), Dogwifhat (WIF), and other altcoins prepare for a consolidation phase, industry analysts increasingly speculate that the crypto AI sector is poised for massive growth, with RCO Finance leading the charge.

Now is the ideal time to seize this opportunity, and here’s why:

RCO Finance (RCOF): A New Era of Crypto Investment

Lately, Ethereum has received much more attention than the memecoin crooner Solana. Its recent increase in active addresses is closely linked with the advent of RCO Finance (RCOF) on the ETH network. The new venture that capitalizes on bringing financial inclusion to everyone has gained broad interest quickly.

By combining cutting-edge technology with creative financial techniques, RCO Finance (RCOF) is creating a stir in the crypto market. The DeFi platform employs an innovative approach using artificial intelligence (AI) to enhance crypto trading.

However, RCO Finance’s biggest appeal is its AI-powered Robo Advisor. The tool is designed to help you make the best investment decision based on available market data, saving you emotion and voluminous market research. RCO Finance presents stability measures to ensure long-term potential in a market often clouded by volatility and speculation.

RCO Finance’s decentralized trading platform further enhances its appeal. Cryptocurrency allows users to invest over 12,000 assets, including stocks, bonds, commodities, etc.

Investors can rest assured that their funds are secure, as the platform’s smart contracts have undergone a thorough review by SolidProof, one of the industry’s leading security firms.

Ripple (XRP) Causes Concern to Investors

For a token worth $25 billion in market cap, Ripple (XRP) still has major network issues. The XRP token dropped 9.19% over the past week, and it is now selling for less than $0.5.

After XRP failed to break above 54 cents, bears took over the price action, and analysts expect further downward movement. In several forecasts, Ripple continues to trade between $0.50 and $0.55 with a clear way forward.

Furthermore, Ripple faces the possibility of a financial penalty ranging between $10 million and $2 billion. From SEC-related issues to scalability concerns, some crypto holders are already terming XRP a burden. One thing we can all agree on is that Ripple won’t be leading any breakouts anytime soon.

Dogwifhat (WIF) Crashes Amid Market Turmoil

Dogwifhat (WIF) is currently one of the worst-performing popular tokens. The doggo-themed meme coin dropped to 51st on market cap following a 30.56% crash in the past week alone. The price of WIF sank from $2.35 to $1.65 apiece, causing investors to raise questions over the token’s trajectory.

With over $1.6 billion in market cap, Dogwifhat is a popular crypto presence on over 144,000 watchlists. However, WIF’s rapid appreciation and depreciation describe its lack of fundamental utility in more established cryptos.

The prospects for WIF are not good. Various reports maintain a bearish sentiment towards Dogwifhat (WIF). Market analysts caution that the token’s future will heavily depend on sustained community engagement and the ability to develop tangible use cases.

RCO Finance Shocks With Massive Potential

The rise of AI-focused cryptocurrencies has outpaced the performance of established digital assets like Bitcoin in recent years. The AI industry is projected to become a staggering $830 billion market by 2030.

RCO Finance offers investors an early-stage chance to capitalize on this burgeoning trend through its ongoing token presale. For just $0.0127 per RCOF token, presale participants can stake a claim in what could become a trillion-dollar sector of the future.

The presale is proving extremely popular, with over 30 million RCOF tokens already sold in a few days. This rapid uptake is likely due to the project’s compelling tokenomics, which incorporate vesting schedules and deflationary mechanisms expected to drive the token’s value up by an astonishing 3,000% during the presale phase alone.

Such price appreciation could translate to massive returns for savvy investors. For instance, a $2,000 presale investment could yield over $60,000 once RCOF tokens hit the open market at their projected price of $0.4.

If you’re interested in joining the AI and crypto revolution, now may be the time to invest in RCO Finance’s presale!

For more information about the RCO Finance Presale:

Visit RCO Finance Presale

Join The RCO Finance Community

The post Ripple (XRP), WIF, and Altcoins Brace For Consolidation: What Sector Is Set To Bloom? appeared first on Blockonomi.

What drives investors to seek out fresh chances in the volatile world of cryptocurrency? The techniques of seasoned investors change with the times, particularly in terms of spotting presales with until unheard-of scalability and profitability. This changing tendency moves towards platforms providing not only development but also real, profitable staking choices. This change makes MoonBag crypto stand out. Coins like PolkaDot and Cosmos are losing investors to MoonBag, which is being touted as the top presale in 2024. This shift is about more than simply riding the wave of popularity; it’s about investing in a platform that has real room to develop. While Polkadot Features Advanced Interoperability, MoonBag Draws Investors with Superior Staking Options Polkadot is quite known in the crypto ecosystem with its unique approach to blockchain interoperability. It enables seamless communication across various blockchains, providing users with a multifaceted platform that supports diverse trading strategies and fosters a connected blockchain ecosystem. Despite Polkadot’s technical strengths, MoonBag is capturing increasing attention from investors due to its exceptional staking opportunities. MoonBag offers a straightforward staking platform with more attractive staking rewards compared to Polkadot. As a result, it is becoming the preferred choice in the top crypto presale of 2024. Cosmos Leads in Interoperability, Yet MoonBag Attracts Investors with High-Yield Staking Options Cosmos (ATOM) is quite good in blockchain interoperability—it can smoothly link several blockchains. MoonBag’s high-yield staking choices are attracting increasing investor interest, nevertheless. MoonBag features easier staking procedures and much more staking benefits than Cosmos. For this reason MoonBag is becoming the top crypto presale in 2024. MoonBag is a more appealing investment than Cosmos because of its better yields and easy staking tools, drawing investors. Top Crypto Presale in 2024: MoonBag’s Exceptional Growth MoonBag has piqued the interest of the cryptocurrency community with its alluring staking rewards and promise of huge returns. Early investors have already witnessed amazing increases ranging from 9,000% to 15,000%. Both new and seasoned investors find the project intriguing because of its strong liquidity, burn, and buyback policies, which guarantee its long-term worth. In addition, the scalability of the MoonBag presale ensures that it can efficiently manage an increasing number of transactions and a growing user population. Because of this, the platform will continue to be efficient and dependable even when additional investors join. Investors can purchase 3,333 MBAG coins for 1 USDT in stage 6 of the MoonBag presale. The fact that the presale has already raised over $2.9 million shows that investors are really enthusiastic about MoonBag and believe in its potential. This solid support demonstrates how appealing the project is and how strong the community’s desire is in seeing it through to completion. MoonBag Beneficial Staking Programme With an annual percentage yield (APY) of 88%, MoonBag’s staking programme has really outstanding incentives. One of the most profitable staking choices available is staking MBAG coins since investors may get significant returns. This programme is meant to promote long-term holding, therefore improving the general value of the coin and supporting the expansion and stability of the MoonBag ecosystem. How To Buy MBAG Coins Buying MBAG coins can be very easy. Start by downloading a supported wallet like Trust Wallet or MetaMask. Visit the MoonBag presale website and connect your wallet after setting it up. Decide how much MBAG you wish to purchase and your coins will be sent to your wallet. Engage in MoonBag’s Referral Programme The MoonBag referral programme seeks to grow the local community. Users can climb the monthly leaderboard, exchange a special referral code, and maybe win large monetary awards. New referrals get extra 10% in MBAG coins on their first purchase, therefore encouraging community development and honouring early involvement. Conclusion: Don’t Miss this Great Offer MoonBag is swiftly emerging as the top crypto presale of 2024, luring investors with promises of enormous returns and an 88% APY staking programme. MoonBag stands out for its high liquidity, burn rules, and scalability, with more than $2.9 million raised in its presale. Don’t miss out— go to the MoonBag presale MoonBag presale website, and purchase your MBAG coins today! Invest in MoonBag Presale Website: MoonBag.org Presale: MoonBag Presale Telegram: https://t.me/moonbag_official Twitter: https://twitter.com/moonbag_org

The post Investors Blast Off into MoonBag, the Top Crypto Presale of 2024, Leaving PolkaDot and Cosmos in Dust appeared first on Blockonomi.

Zooming in on the latest market fluctuations affecting assets, the continued bearish trends are evident. Avalanche faces a bearish outlook, breaking several support levels and suggesting further declines amid market volatility. In contrast, BNB Chain has implemented a significant fee reduction with its Haber hard fork, enhancing network attractiveness and potentially boosting the BNB token price. Amid this, BlockDAG’s referral system attracts investors, accelerating the presale, where daily sales have reached up to $500k. It’s $54 million presale and its rapid sell-out highlights the substantial growth potential. It offers an enticing opportunity for those keen on early investments in the burgeoning crypto market. Avalanche Price Prediction Amidst Market Volatility The current Avalanche price prediction looks bearish as the cryptocurrency faces downward pressure after breaking several support levels, hinting at further declines. According to recent Avalanche price predictions, the asset may continue to test new lows, currently finding temporary support after recent dips. The market’s volatility suggests that Avalanche’s price prediction could see potential declines to even lower thresholds if the current support levels fail to hold. With significant resistance overhead and no immediate signs of a bullish reversal, the Avalanche price prediction remains cautious, as traders and investors might witness extended corrections before any substantial recovery occurs. BNB Chain’s Strategic Fee Reduction  The BNB Chain has recently implemented a significant update by activating its Haber hard fork, marked by adopting BEP-336. This upgrade revolutionises the blockchain’s efficiency through blob-carrying transactions, inspired by Ethereum’s EIP-4844, leading to a substantial 90% cut in transaction fees. BNB Chain fee reduction positions the network as a more attractive option for users and developers, especially those utilising its layer-2 solutions. This strategic move has already had a positive impact on the BNB token price, reflecting a potential for increased network activity and adoption. BlockDAG’s Referral Rewards: The Gateway Whales & Investors BlockDAG’s innovative referral rewards program is reshaping the market, making it a magnet for crypto whales and savvy investors. BlockDAG offers a 10% bonus on investments made by referrals, incentivising investors to expand their networks and boosting the appeal of the BDAG presale. This strategy is pivotal as it drives the platform’s rapid sell-out, with daily sales reaching up to $500k, signalling robust investor confidence and engagement. The allure of the BDAG crypto presale is further magnified by its potential to reach a landmark $100 million shortly. This projection is based on substantial investments from individual backers and crypto whales, quickly capitalising on the presale’s momentum. Investing early in BlockDAG offers a unique advantage, as participants benefit from lower entry prices and the potential for exponential returns as the network expands and matures. Currently priced at $0.014 per coin in batch 19, early investors are positioned to realise exponential gains, with projections indicating a possible 30,000x return on investment. The anticipated Mainnet launch is coming four months earlier than planned, adding further momentum and potential for early investors. The referral program is particularly appealing because it allows investors to generate passive returns by sharing their unique links and encouraging new participants to join the presale. This creates a win-win situation, boosting the individual’s investment returns while propelling BlockDAG closer to its financial targets. Wrapping Up In a landscape marked by the cautious Avalanche price prediction and the BNB Chain’s fees cut, BlockDAG presents a superior investment opportunity. With an innovative referral program attracting substantial participation from crypto whales, and presale achievements promising a potential 30,000x ROI, BlockDAG capitalises on strategic presale momentum. Its early Mainnet launch, positions BlockDAG as a leader in the crypto revolution, making it the optimal choice for investors looking for substantial and rapid growth.   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’s $54M Presale & Referral Strategy Lure Crypto Whales Dumping Avalanche Price Prediction & BNB Chain Fees Reduction appeared first on Blockonomi.

TLDR

Andromeda and Injective have announced an integration to accelerate DeFi adoption

The partnership aims to enhance cross-chain capabilities and streamline asset management

A key objective is to implement tokenized asset management within a unified trading platform

The integration will allow developers to create new DeFi applications leveraging both ecosystems

Andromeda’s Operating System (aOS) has been deployed on Injective’s Mainnet

Andromeda and Injective have announced a strategic partnership. The collaboration, revealed on June 27th, 2024, in Sigonella, Sicily, Italy, aims to accelerate DeFi adoption by combining the strengths of both platforms.

Andromeda, known for its Web3 Operating System called aOS, is joining hands with Injective, a blockchain specifically designed for financial applications. This integration is expected to unlock new economic opportunities and use cases in the world of decentralized finance.

Andromeda and @Injective: A New Era of DeFi

We're excited to announce our strategic partnership to accelerate #DeFi adoption by combining Andromeda's #aOS and Injective's fast finance blockchain.

????This collaboration enhances cross-chain capabilities and streamlines asset… pic.twitter.com/07UfIJLAjX

— Andromeda (@AndromedaProt) June 27, 2024

One of the main goals of this partnership is to enhance cross-chain capabilities. By integrating Andromeda’s on-chain Operating System with Injective’s Layer 1 protocol, the two companies hope to create a unified platform where users can access a wide range of decentralized applications and DeFi functions.

This move is expected to break down the barriers that have long hindered cross-chain interactions in the DeFi sector.

The collaboration also focuses on streamlining asset management. A key objective is to implement a solution for tokenized asset management within a unified trading platform.

This feature will allow users to fractionalize digital assets, which can then be tokenized and traded. The result is expected to be greater investment opportunities and increased asset diversification for users.

Mant Hawkins, an Andromeda Core Contributor, explained the vision behind the partnership:

“We believe that by executing our L1 distribution model, we’ll be integrating Andromeda’s on-chain Operating System with Injective’s scalable Layer 1 protocol and will unify networks, enabling users to access a diverse array of decentralized applications and DeFi functionalities within a singular platform.”

This integration is set to benefit both the Andromeda and Injective communities. Developers will have the opportunity to create a new wave of DeFi applications that leverage the unique features of both ecosystems. Users, in turn, will gain access to a unified platform supporting innovative financial products.

The partnership is expected to drive innovation in several areas. The combined strengths of aOS and Injective will allow for the creation of robust, scalable solutions that can meet the evolving needs of the DeFi space. This could lead to improvements in areas such as portfolio management, trading efficiency, and investment diversification.

One of the most exciting aspects of this collaboration is the potential for fractionalizing high-value assets. Through tokenization, users may be able to invest in expensive assets without needing to purchase them outright. This could open up new investment opportunities and allow for greater flexibility in portfolio management.

The integration also aims to make the technology more user-friendly. The goal is to create seamless back-end connectivity that’s invisible to end users, removing the need for coding skills or specialized knowledge. This approach could make DeFi more accessible to a wider audience, potentially driving faster innovation and adoption.

As part of this partnership, Andromeda’s Operating System (aOS) has already been deployed on Injective’s Mainnet. This move allows developers to start building on Injective using aOS, opening up new possibilities for creating DeFi applications.

To encourage developer participation, Andromeda has set up a Hackerboard where developers can submit their ADO (Andromeda Decentralized Object) builds. Selected submissions may be rewarded, providing an incentive for innovation within the ecosystem.

The post Andromeda & Injective Announce Strategic DeFi Partnership appeared first on Blockonomi.

In the ever-volatile world of cryptocurrency, shifts in market trends can happen overnight. This past week, Bonk (BONK) experienced a significant drop of 20.63%, causing concern among its investors. Meanwhile, Alex The Doge (ALEX) has been rapidly gaining traction, nearing the $0.25 mark and capturing the interest of savvy investors. Let’s explore why Alex The Doge (ALEX) is becoming a favored choice and how it compares to Bonk (BONK).

The Decline of Bonk (BONK)

Bonk (BONK) has been a notable player in the meme coin market, drawing attention with its unique branding and community-driven approach. However, the recent decline of 20.63% in just a week has left many investors questioning its stability and future potential.

Factors Behind Bonk (BONK)’s Decline:

Market Volatility: The inherent volatility of the cryptocurrency market has significantly impacted Bonk (BONK), causing substantial price fluctuations.

Investor Sentiment: Negative market sentiment and concerns about the token’s long-term viability have contributed to the recent drop.

Competition: The rise of new and innovative tokens, such as Alex The Doge (ALEX), has diverted attention and investment away from Bonk (BONK).

The Rise of Alex The Doge (ALEX)

While Bonk (BONK) struggles, Alex The Doge (ALEX) is rapidly emerging as a strong contender in the meme coin market. Known as DOGE 3.0, Alex The Doge (ALEX) combines the viral appeal of meme coins with practical applications in social finance (Social Fi) and play-to-earn (P2E) gaming.

Key Attributes of Alex The Doge (ALEX):

Innovative Ecosystem: Alex The Doge (ALEX) integrates Social Fi and P2E gaming within the Miracle Verse, a virtual world where players can earn tokens through various in-game activities. This unique approach provides users with multiple revenue streams and engagement opportunities.

Technological Foundation: Built on the Ethereum (ETH) network, Alex The Doge (ALEX) benefits from low transaction fees and fast processing times, ensuring a seamless user experience and supporting the token’s scalability.

Community Engagement: Alex The Doge (ALEX) has cultivated a vibrant and active community. This engagement is crucial for driving adoption and maintaining interest in the project.

Why Alex The Doge (ALEX) Is Capturing Investor Interest

The rapid rise of Alex The Doge (ALEX) to near $0.25 has drawn significant interest from investors, especially in light of Bonk (BONK)’s recent decline. Here’s why Alex The Doge (ALEX) is becoming a preferred investment:

High Growth Potential: The impressive rise of Alex The Doge (ALEX) demonstrates its potential for substantial returns. Predictions of significant gains are attracting investors looking for the next big opportunity in the crypto market.

Unique Value Proposition: Unlike Bonk (BONK), Alex The Doge (ALEX) offers a unique blend of gaming and finance, providing practical applications that engage users and offer multiple revenue streams.

Robust Technological Support: Leveraging the strengths of the Ethereum (ETH) network ensures efficient transactions and scalability, critical for sustaining long-term growth.

Comparing Alex The Doge (ALEX) with Bonk (BONK)

While both Bonk (BONK) and Alex The Doge (ALEX) have made their mark in the meme coin market, they offer different value propositions that appeal to investors.

Community Support: Both tokens have active communities, but Alex The Doge (ALEX)’s focus on community-driven events and governance adds an extra layer of engagement that enhances its appeal.

Innovation: Alex The Doge (ALEX) sets itself apart with its innovative ecosystem that integrates gaming and finance. This multifaceted approach provides practical applications and multiple revenue streams, distinguishing it from Bonk (BONK).

Market Performance: The recent decline of Bonk (BONK) contrasts sharply with the impressive rise of Alex The Doge (ALEX), highlighting the latter’s potential for significant returns.

The Future of Alex The Doge (ALEX)

The recent surge in Alex The Doge (ALEX) suggests strong investor confidence and growing interest in its innovative ecosystem. Here’s why Alex The Doge (ALEX) is poised for continued success:

High Growth Potential: The near $0.25 mark demonstrates Alex The Doge (ALEX)’s potential for substantial gains. Its innovative approach and strong community support are key drivers of this growth.

Unique Value Proposition: Alex The Doge (ALEX) offers a unique blend of Social Fi and P2E gaming, providing practical applications that engage users and offer multiple revenue streams.

Robust Technological Support: Leveraging the strengths of the Ethereum (ETH) network 

ensures efficient transactions and scalability, critical for sustaining long-term growth.

Conclusion: A New Contender in the Meme Coin Market

In conclusion, while Bonk (BONK) faces challenges with its recent 20.63% drop, Alex The Doge (ALEX) is rapidly emerging as a dominant force in the meme coin market. With its innovative ecosystem, robust technological foundation, and strong community support, Alex The Doge (ALEX) offers a compelling investment opportunity. As investors look for the next big thing in cryptocurrency, Alex The Doge (ALEX) stands out with its potential for significant returns and its unique blend of gaming and finance.

For more information about Alex The Doge (ALEX) presale use the links down below:

Website: https://alexthedoge.live

Telegram: https://t.me/alexthedoge

Twitter: https://x.com/alexthedoge_p2e

 

The post BONK Drops 20.63% in A Week as AlexTheDoge Nears $0.25m Capturing Investors Interest Rapidly appeared first on Blockonomi.

As the European Championship heats up, a new question is stirring in the cryptocurrency community: could Mpeppe (MPEPE) surpass Dogecoin (DOGE) if France wins the Euros? This article explores the factors that could propel Mpeppe (MPEPE) to greater heights and why it has the potential to become a significant player in the meme coin market.

The Current Landscape: Dogecoin (DOGE) and Mpeppe (MPEPE)

Dogecoin (DOGE) has long been the king of meme coins, celebrated for its fun and community-driven approach. However, Mpeppe (MPEPE) is rapidly emerging as a strong contender, capturing the attention of investors and enthusiasts alike. The smart contract address for Mpeppe (MPEPE) is 0xd328a1C97e9b6b3Afd42eAf535bcB55A85cDcA7B, providing a secure and transparent avenue for those eager to invest.

The Mpeppe (MPEPE) Phenomenon

Innovative Utility: Unlike Dogecoin (DOGE), which primarily relies on its community and meme status, Mpeppe (MPEPE) offers tangible utility. The token integrates platforms for sports betting and fan engagement, providing real-world applications that extend beyond speculative trading. This utility enhances user engagement and retention, creating a loyal and active community.

Technological Edge: Mpeppe (MPEPE) is built on the Ethereum network, benefiting from high security, scalability, and interoperability. This robust technological foundation supports advanced features like smart contracts, ensuring secure management of transactions and betting activities. In contrast, Dogecoin (DOGE) operates on an older blockchain with fewer advanced features, making Mpeppe (MPEPE) a more attractive option for tech-savvy investors.

Market Potential: Analysts are optimistic about Mpeppe (MPEPE)’s market potential. By leveraging the global sports fanbase and integrating it with cryptocurrency, Mpeppe (MPEPE) reaches a wide audience, enhancing its chances of widespread adoption. This broad appeal positions Mpeppe (MPEPE) favorably against many other meme coins, including Dogecoin (DOGE).

The Impact of a French Victory in the Euros

France’s performance in the European Championship could have a significant impact on Mpeppe (MPEPE)’s visibility and popularity. Here’s why:

Increased Media Exposure: A victory for France in the Euros would generate substantial media coverage, bringing global attention to French culture and associated entities. Mpeppe (MPEPE), with its ties to French football and sports betting, would likely benefit from this increased exposure, attracting new investors and fans.

Boost in Fan Engagement: Success on the field often translates to increased fan engagement off the field. If France wins, the excitement and national pride could drive more people to participate in sports betting and fan engagement platforms associated with Mpeppe (MPEPE). This surge in activity would enhance the token’s utility and market presence, potentially outpacing Dogecoin (DOGE).

Strategic Partnerships and Sponsorships: Victory in the Euros could pave the way for strategic partnerships and sponsorships between Mpeppe (MPEPE) and prominent sports teams, leagues, and influencers. These collaborations would boost the token’s visibility and credibility, positioning it as a leading player in the meme coin market, much like Dogecoin (DOGE).

How to Invest in Mpeppe (MPEPE)

For those interested in investing in Mpeppe (MPEPE), the process is straightforward. The token can be acquired through its smart contract address: 0xf774ea7d7edfa038d6dc46014e3321561a5be5e4. This ensures a secure and direct investment method closely tied to the project’s success. Prospective investors need to set up a compatible cryptocurrency wallet, purchase Ethereum (ETH), and use the provided smart contract address to buy Mpeppe (MPEPE) tokens.

Conclusion: Mpeppe (MPEPE) vs. Dogecoin (DOGE)

In conclusion, Mpeppe (MPEPE) is well-positioned to challenge Dogecoin (DOGE) for the title of the top meme coin, especially if France wins the Euros. With its innovative blend of meme culture, practical utilities, and strong technological foundation, Mpeppe (MPEPE) offers a compelling investment opportunity. The potential for increased media exposure, fan engagement, and strategic partnerships further enhances its appeal.

As the cryptocurrency market continues to evolve, recognizing the potential of Mpeppe (MPEPE) could secure a valuable asset for investors. Bolstered by its practical applications and technological advantages, Mpeppe (MPEPE) is set to become a leading player in the meme coin market, potentially surpassing Dogecoin (DOGE) and setting new standards for what a meme coin can achieve.

For more information on the Mpeppe (MPEPE) Presale: 

Visit Mpeppe (MPEPE)

Join and become a community member: 

https://t.me/mpeppecoin

https://x.com/mpeppecommunity?s=11&t=hQv3guBuxfglZI-0YOTGuQ

 

The post Will Cryptocurrency Mpeppe Become Bigger Than Dogecoin If France Wins the Euros? appeared first on Blockonomi.

TLDR

A Bitcoin wallet from 2010 became active after 14 years of dormancy.

The wallet sent 50 BTC (worth about $3 million) to Binance exchange.

The Bitcoin was originally mined in July 2010 when BTC was worth about $0.05.

This transfer is part of a rare occurrence of Satoshi-era wallets becoming active.

The movement coincides with recent miner capitulation and Bitcoin price volatility.

In a rare event that has caught the attention of the cryptocurrency community, a Bitcoin wallet dating back to the Satoshi era has sprung to life after 14 years of inactivity. On June 27, 2024, the wallet transferred 50 Bitcoin (BTC), valued at approximately $3 million, to the Binance cryptocurrency exchange.

A miner wallet woke up after being dormant for 14 years and deposited 50 $BTC($3.05M) to #Binance 7 hours ago.

The miner earned 50 $BTC from mining on July 14, 2010.

Address:
1PDTDwpgRPdQaCcp3Th6zaMASgcCcm3Jcm pic.twitter.com/toKmBfbUne

— Lookonchain (@lookonchain) June 27, 2024

According to data from the blockchain analytics firm Lookonchain, this particular wallet is linked to a Bitcoin miner who earned the 50 BTC as a mining reward in July 2010.

This period, known as the Satoshi era, refers to the time between 2009 and 2011 when Bitcoin’s pseudonymous creator, Satoshi Nakamoto, was still active on online forums.

The transfer is noteworthy not just for its long dormancy, but also for the dramatic increase in value it represents.

When these 50 BTC were originally mined, Bitcoin was trading at around $0.05 per coin, making the entire block reward worth a mere $25 at the time. Today, that same reward is valued at over $3 million, representing a staggering 120,000-fold increase.

This awakening of a Satoshi-era wallet occurs against the backdrop of ongoing miner capitulation and Bitcoin price volatility. The recent Bitcoin halving event, which reduced the mining reward from 6.25 BTC to 3.125 BTC per block, has put increased pressure on miners. Some have been forced to sell their holdings to cover operational costs, a phenomenon known as miner capitulation.

The timing of this transfer to Binance, a major cryptocurrency exchange, has led to speculation about potential selling pressure. Movements of large amounts of cryptocurrency to exchanges are often interpreted as a bearish signal, as they may indicate an intention to sell.

However, it’s important to note that the impact of such transfers on the overall market may be limited. As pointed out by Bitcoin analyst Fred Krueger, the holdings of even the top five miners collectively represent a small fraction of Bitcoin’s total market capitalization.

The activation of this long-dormant wallet serves as a reminder of how much the Bitcoin mining landscape has changed. In 2010, it was still possible for individual enthusiasts to mine Bitcoin using personal computers. Today, Bitcoin mining is a highly competitive, industrial-scale operation requiring specialized hardware and significant energy resources.

The post Satoshi-Era Bitcoin Wallet Awakens & Moves $3 Million to Exchange appeared first on Blockonomi.

TLDR

The Cardano blockchain experienced a failed DDoS attack on June 25, 2024.

The attack started at block 10,487,530 and aimed to manipulate transaction fees and potentially steal staked ADA tokens.

Developers quickly responded, preventing theft and stopping the attack.

A node upgrade is now underway to enhance security against similar future attacks.

The network experienced higher than normal load, affecting some stake pool operators.

On June 25, 2024, the Cardano blockchain faced a distributed denial-of-service (DDoS) attack, prompting developers to initiate a node upgrade to bolster the network’s defenses. The attack, which began at block 10,487,530, attempted to exploit vulnerabilities in the blockchain’s transaction fee calculations but was ultimately unsuccessful.

Raul Antonio, Chief Technology Officer of Fluid Tokens, explained that the attacker’s goal was twofold: to manipulate the Cardano blockchain into charging lower fees for high-value transactions and potentially steal staked ADA tokens from the network. This strategy aimed to take advantage of a peculiarity in how Cardano processes certain transactions.

Philip Disarro, founder and CEO of Anastasia Labs, provided more detail on the attack’s mechanism. “The idea behind this attack is to take advantage of the fact that the size of reference scripts currently does not impact the transaction fee, but it does impact the work that validators have to do to process the transaction,” Disarro explained.

However, the Cardano developer community quickly recognized and responded to the threat. Disarro, along with other developers, managed to outsmart the attacker, preventing the theft of ADA tokens and effectively halting the DDoS attack. In an ironic twist, Disarro noted that the attacker’s actions inadvertently resulted in a donation to open-source smart contract development work.

On Block 10,487,530, an attack on the Cardano network began.

???? Each transaction executes 194 smart contracts.
???? The attacker is spending 0.9 ADA per transaction.
???? They are filling each block with many of these transactions.
???? The smart contracts used are of type REWARD.

In… pic.twitter.com/QUVm0pq0Q8

— elraulito (@ElRaulito_cnft) June 25, 2024

The swift response from the developer community meant that the Cardano network was not compromised and continued to function normally.

However, Intersect, a member-based organization for the Cardano ecosystem, reported that the network experienced higher than normal load during the attack. Some stake pool operators (SPOs) were negatively affected due to an increase in block height battles.

In response to this incident, Cardano developers are now working on a node upgrade to enhance the network’s security against similar future attacks. Intersect announced that once a solution has been properly tested and deployed, they will share the new node version for SPOs to upgrade to. The Intersect task force is collaborating to identify and test solutions that will minimize the impact of such spam attacks in the future.

This incident highlights the ongoing challenges faced by blockchain networks in maintaining security and stability. It also demonstrates the importance of having a responsive and skilled developer community that can quickly address emerging threats.

Disarro emphasized the importance of thorough testing and high-quality, independent audits before deploying changes to production environments.

“If you rush to deploy something to production without thorough testing and a high-quality, independent audit, you might wind up losing a lot of money to vulnerabilities just like the attacker did,” he cautioned.

For Cardano users and investors, this incident may provide reassurance about the network’s resilience and the capability of its developer community.

The post Cardano (ADA) Developers Respond to Failed DDoS Attack with Node Upgrade appeared first on Blockonomi.

TLDR

The U.S. State Department has increased the reward for information on Ruja Ignatova to $5 million.

Ignatova, known as the “CryptoQueen,” is wanted for her role in the $4 billion OneCoin fraud scheme.

She disappeared in 2017 after being indicted in the U.S. and was last seen in Athens, Greece.

OneCoin, founded in 2014, was promoted as a “Bitcoin killer” but was actually a Ponzi scheme.

Several of Ignatova’s associates have been convicted and sentenced for their roles in the scheme.

The U.S. State Department has raised the stakes in the hunt for Ruja Ignatova, the elusive founder of the OneCoin cryptocurrency scheme. On June 26, 2024, officials announced a reward of up to $5 million for information leading to Ignatova’s arrest or conviction. This significant increase from the previous $250,000 FBI reward underscores the gravity of the case against the self-styled “CryptoQueen.”

Ignatova, a German national of Bulgarian origin, is wanted for her role in what authorities describe as “one of the largest global fraud schemes in history.”

The OneCoin project, which Ignatova co-founded in 2014, allegedly defrauded investors of more than $4 billion.

OneCoin was marketed as a “Bitcoin killer” and a legitimate cryptocurrency. Ignatova and her associates promoted it through glamorous parties and international events in Dubai, Macao, Singapore, and the UK.

However, according to court documents and investor testimonies, OneCoin was a sophisticated Ponzi scheme. The cryptocurrency reportedly never existed on any real blockchain, and there were no actual mining operations backing it.

The scheme began to unravel in 2017 when Ignatova was indicted by a grand jury in New York. She faced charges including conspiracy to commit wire fraud, wire fraud, and conspiracy to commit money laundering. Additional charges of conspiracy to commit securities fraud and securities fraud were added in a superseding indictment in February 2018.

On October 25, 2017, just two weeks after her initial indictment, Ignatova boarded a flight from Sofia, Bulgaria to Athens, Greece. This was her last known location, and she has not been seen publicly since. The FBI added her to its Ten Most Wanted Fugitives List in 2022, highlighting the importance of the case.

Speculation about Ignatova’s whereabouts and status has been rife since her disappearance. The FBI has suggested she may have altered her appearance through plastic surgery and could be traveling on a German passport in the United Arab Emirates, Bulgaria, Germany, Russia, Greece, or Eastern Europe.

Some unverified reports even claim she may have been murdered in 2018, though authorities continue to operate under the assumption that she is alive.

While Ignatova remains at large, several of her associates have faced justice. Her brother, Konstantin Ignatov, was arrested in 2019 at Los Angeles International Airport. Karl Sebastian Greenwood, OneCoin’s co-founder, pleaded guilty in a Manhattan federal court in 2022 and was sentenced to 20 years in prison.

Two lawyers involved in the scheme, Irina Dilkinska and Mark Scott, received prison sentences of four and ten years respectively earlier in 2024.

The increased reward is offered through the U.S. Department of State’s Transnational Organized Crime Rewards Program. This program allows for the protection of informants’ identities if revealing them might put individuals at risk.

The OneCoin case has garnered significant public attention, partly due to the BBC podcast series “The Missing Cryptoqueen,” which first aired in 2019.

The podcast and subsequent book have helped keep the story in the public eye and may have contributed to ongoing efforts to locate Ignatova.

The post U.S. Offers $5 Million Reward for ‘CryptoQueen’ Ruja Ignatova appeared first on Blockonomi.