AI-based crypto assets have gained significantly despite a market slump, driven by the AI craze in conventional finance and crypto markets.
Tech powerhouse Nvidia, which just became the world's most valuable business, has boosted this rise with its share price at an all-time high.
Since January, Nvidia's stock, worth $3.34 trillion, has almost doubled, overtaking Microsoft and Apple.
Analysts dubbed Nvidia the “new gold or oil in the tech sector” for its supremacy in artificial intelligence processors.
Through these advances, AI-based crypto tokens have outperformed big cryptocurrencies that have had a steep price drop headed by Bitcoin.
CoinGecko reports that AI tokens Fetch.ai (FET), Singularity Net (AGIX), and Ocean Protocol (OCEAN) gained 24%, 23.5%, and 22% in the previous 24 hours.
After a major price fall to $1.10, FET recovered and broke its downtrend. Fetch.ai may have real-world applications, according to blockchain research group House of Chimera, despite being down 58% from its March high of $3.45.
FET's autonomous agents analyze and forecast ideal routes to improve logistics, decreasing costs and delivery times.
FET's AI algorithms evaluating massive datasets may boost prices in the next months as the sector and conventional banking embrace AI. FET has a $3.6 billion market value and trades at $1.44.
Long-Term AI-Based Crypto Token Potential
Like FET, Singularity Net's native token AGIX reached $1.46 in March but is now 58% down at $0.6018.
The protocol's core applications, creating and monetizing AI services via its AI marketplace, promise long-term advantages and investor interest.
Ocean Protocol's native token, OCEAN, has price movements like AGIX and FET. Trading at $0.6094, OCEAN has had a 20% volume rise in 24 hours.
Running AI-powered prediction bots or trading bots on crypto price feeds are examples of the protocol's open-source paradigm for data interchange and monetization.
🪂In most cases, a crypto airdrop is a marketing strategy that involves the free distribution of new cryptocurrency tokens. The purpose of this strategy is to immediately form communities and raise knowledge of the cryptocurrency. Additionally, it may assist in establishing an early value for the token, as recipients may begin to trade their airdropped tokens.
🪂It is for this reason that entrepreneurs who are attempting to jumpstart their cryptocurrency initiatives often employ airdrops. The information of an impending airdrop is typically published on the website of a cryptocurrency project, on a Medium page, or on a third-party airdrop tracker. Additionally, it is disseminated throughout various social media platforms, where a large number of cryptocurrency enthusiasts may see it.
🪂People who are members of a particular blockchain platform are the recipients of an airdrop, which is a distribution of freshly created cryptocurrency in modest quantities. Airdropping coins to wallet holders of the NEO, Ethereum, or Bitcoin network is one example of how cryptocurrency firms might distribute cryptographic assets.
🪂Crypto projects get the most benefits from airdrops, which is why they provide hefty rewards via them. First, we need to look at the basics of why crypto firms do airdrop operations.
1️⃣Raising Conscience
The main goal of blockchain firms that provide airdrops is to raise awareness. Initial coin offerings (ICOs) were the buzz in the early stages of crowdfunding. But issues surfaced quickly. Oversaturation of the market and jaded investors were consequences of the deluge of firms that appeared during this gold rush, many of which had nothing more than a poorly written white paper.
The SEC and other authorities started going after initial coin offerings (ICOs) that dealt with American investors, while other nations, like China, outright outlawed them. A more enticing and lawful way to generate buzz about new ventures was soon required.
I knew the answer. Distribute the coins at no cost. Airdrops became so popular that many crypto advocates started "pumping their bags" by endorsing projects only to earn airdrops. Those who participate in the cryptocurrency community on social media will likely agree that those who get airdrops are among the most enthusiastic supporters a project could ask for. Because it enabled them to naturally expand their network with the simple payment of a tiny fraction of their tokens, it was a perfect fit for crypto companies.
2️⃣Encouraging Members
Regrettably, there are a number of crypto ecosystem investors that prioritise short-term profits above the viability of a business over the long run. Consequently, they don't contribute anything meaningful to the protocol and instead go from project to project, emptying their hefty bags after each pump to reap big profits at the expense of small-time investors. Actually, a crypto platform may suffer harm from this kind of conduct. Some new businesses try to get around this by doing airdrops, when users get free coins for using their platform or for keeping a particular number of tokens in their wallets for a certain length of time.
3️⃣Distributing Tokens Decentralizedly
During a coin's early days, wealthy individuals may be able to buy it at a discount and then hold a large portion of its quantity because of their varied wealth. One of the major problems with Dogecoin right now is the centralization that results when a small number of people own a lot of coins. When this occurs, projects have the option to distribute tokens via airdrops to ensure parity.
4️⃣Enticing Financial Investments
In most situations, token offers (ICOs, IEOs, IDOs, etc.) follow crypto airdrops. Because airdrops are associated with raising brand recognition, they are a creative approach to increase cash collected without incurring excessive marketing costs.
Because most people would promote initiatives that provide them free money, the airdrop might boost the price of a token if the project is successful. Especially in the modern internet economy, where every interaction metric can be tracked and utilized to entice investors—from the most popular search terms on Google to the number of mentions of a brand on social media platforms like Twitter and Telegram—the big fish, or "whales," use these analytics as an investment weathervane to predict how well a project will do. So, for a relatively modest number of tokens sent to the airdrop, the company's total capital might be substantially increased, thanks to the airdrop's effect on community involvement.
5️⃣Getting to Know Its Neighborhood
An additional perk of airdrops is that they provide projects a chance to gather information from the crypto community. This is because some airdrops ask for personal details like email, social media, and opinions on crypto projects from the beneficiaries. The project team may use this data to create more specific advertising strategies.
💰💵💝🆓Click here to collect Free BNB reward 💰💵💝🆓 having found support at $0.90 and showing strong momentum towards our projected target of $1.65, accompanied by significant trading volume. Additionally, optimism surrounds Bitcoin's performance in the banking sector, building on its recent rally which saw gains of 480%. $BNX
💥💥💥 How $100 Weekly Investments in #shibaInu Reached $641 Million Shiba Inu, introduced in August 2020, has become a prominent #cryptocurrency investment, captivating both new and seasoned investors. Its rapid rise in just over a year highlights the volatility of the crypto market. Investors who recognized its potential early on have seen significant returns, showcasing the benefits of consistent investing. Investing $100 weekly from August 2020 to the present would have turned into $641.78 million, boasting a growth rate of approximately 3,241,253%. Alternatively, investing until its all-time high in October 2021 would have yielded $1.239 billion, with a growth rate of 19,064,676%. Currently, Shiba Inu is experiencing a resurgence, with an 8.43% price increase in the last 24 hours, reclaiming the $0.00025 price level. Trading at $0.00002577, it has surpassed the 50-day exponential moving average. While there was a minor setback of 7.36% over the past week, the monthly increase stands at an impressive 3.85%. Additionally, the 24-hour trading volume surged by 38.05% to $891,844,698. Despite recent fluctuations, analysts predict a significant rebound for Shiba Inu. William, a renowned Bitcoin expert, forecasts a surge in SHIB's value to $0.05, reflecting an extraordinary increase of 193,774%. Source - thecryptobasic.com #CryptoTrends2024 #BinanceSquareTalks #cryptocurrency
🚨🚨 "Would you buy $PEPE today?"🚨🚨 My answer is no—I bought PEPE early, before it went up ten times. But if you ask if I'd buy PEPE when Bitcoin is $57K or $58K, I'd say yes. Here's why: Memecoins like PEPE go up when Bitcoin is high and go down during corrections. With Bitcoin unlikely to fall below $57K before 2027, there's a big chance for profit. Buy now, hold, wait for Bitcoin to rise, then sell. Repeat this each cycle. Is it unfair to those buying at the top? Yes. But in this market, there are winners and losers. The market isn't fair, and no one will pity you for your losses.
Notcoin, A Play-To-Earn Game On Telegram, Surpasses 40 Million Users
According to Odaily, Notcoin, a play-to-earn game within the Telegram ecosystem, has announced that its user base has exceeded 40 million. Notcoin predicts that TON, Telegram's native blockchain, is on track to become the largest blockchain platform.
The company also plans to introduce the concept of Web3 to the next 300 million people through community engagement, education, and gaming. This is not a promise, but a logical conclusion based on the current growth and popularity of the platform.
The rise of Notcoin and its integration with Telegram's TON blockchain signifies a significant shift in the gaming industry, with more players turning to play-to-earn models. This trend is expected to continue as more people become familiar with Web3 and its potential applications in various sectors, including gaming.
New Solana Memecoin Millionaire Cat (MILICAT) to Explode 14,000% in 48 Hours
Millionaire Cat (MILICAT), a new Solana memecoin that was launched this week, is poised to explode over 14,000% in price in the coming days.
Currently, Millionaire Cat can only be purchased via Solana decentralized exchanges, like Jupiter and Raydium, and early investors stand to make huge returns in the coming days.
Early investors in SHIB and DOGE made astronomical returns, and Millionaire Cat could become the next viral memecoin.
In fact, many early Shiba Inu and Dogecoin investors have been pouring funds into this new Solana memecoin.
Millionaire Cat launched with over $6,000 of locked liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains.
To buy Millionaire Cat on Raydium or Jupiter ahead of the KuCoin listing, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Millionaire Cat by entering its contract address – 6BkC9BeoBpxDJEw7n5g9hvN1BP8xoLuvtFc4SGrxeVp3 – in the receiving field.
In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.
This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like MILICAT.
How to Withdraw Money from Binance to Your Bank Account
Binance Spot Wallet: An Overview Binance, one of the largest cryptocurrency exchanges globally, offers a spot wallet where users can hold various cryptocurrencies. The spot wallet allows you to trade directly with other users on the platform. However, when it comes to withdrawing funds to your bank account, you’ll need to follow specific steps. How to Withdraw Money from Binance to Your Bank Account Here are the steps to withdraw your funds from Binance to your bank account: Log in to Binance:Access your Binance account by logging in.Navigate to the “Fiat and Spot Wallet” page. Hover over the “Wallet” link in the main navigation, and select “Fiat and Spot.”Choose Your Currency:Select the fiat currency (e.g., USD, EUR, GBP) you want to withdraw.Click on the “Withdraw” option.Select Payment Method:Choose the payment method for withdrawal (usually bank transfer).Enter the required bank account details, including the account number, routing number, and recipient name.Security Verification:Complete any necessary security verification steps (such as two-factor authentication).Confirm the withdrawal amount.Wait for Processing:Binance will process your withdrawal request.Be patient while the transaction completes.Check Your Bank Account:The funds will be transferred to your linked bank account. Remember that the availability of withdrawal methods may vary based on your location and account verification level. Always double-check the details before initiating a withdrawal.