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Bill Morgan Remains Confident on Imminent XRP Price Surge Amid Ripple vs SEC Lawsuit
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The recent approval of spot Ethereum (ETH) exchange-traded funds (ETFs) in the United States has raised hopes for a similar product for other digital assets led by Ripple Labs-backed XRP, Solana (SOL), and Dogecoin (DOGE).
The XRP community is confident of an astounding win in the Ripple vs SEC case, especially after the agency reached a settlement deal with Do Kwon and Terraform Labs.
However, XRP is gradually losing grip among crypto investors as other similar blockchain projects thrive in favoring jurisdictions. Before the US SEC charged Ripple for selling unregistered securities, XRP was among the top three most valuable digital assets.
As of this writing, XRP has dropped to the seventh position, with a market cap of about $29 billion and a daily average traded volume of around $1.1 billion.
According to XRP analysis conducted by Bill Morgan, a popular Ripple enthusiast, the cross-border focused crypto asset has continued to perform poorly despite the legal clarity in the past year.
Last year, US Judge Analisa Torres ruled that XRP sales on exchanges do not constitute a binding agreement and, thus not a security asset.
However, Ripple could be found guilty of violating securities laws through its sales to institutional investors. Furthermore, the company’s executives have been talking about the settlement with the SEC after the agency proposed a $2 billion fine.
According to Morgan, XRP price has been outshined by 88 of the top 100 crypto assets in the last year. Already, the XRP price against Bitcoin has dropped nearly 84 percent in the past six months.
Midterm Expectations
Despite the notable decline, XRP price has been hovering around the macro apex of a triangular pattern, which often leads to an inevitable bullish breakout.
#XRP #Ripple #Launchpool #IONET #BNB $XRP $BNB $BTC
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The recent approval of spot Ethereum (ETH) exchange-traded funds (ETFs) in the United States has raised hopes for a similar product for other digital assets led by Ripple Labs-backed XRP, Solana (SOL), and Dogecoin (DOGE).
The XRP community is confident of an astounding win in the Ripple vs SEC case, especially after the agency reached a settlement deal with Do Kwon and Terraform Labs.
However, XRP is gradually losing grip among crypto investors as other similar blockchain projects thrive in favoring jurisdictions. Before the US SEC charged Ripple for selling unregistered securities, XRP was among the top three most valuable digital assets.
As of this writing, XRP has dropped to the seventh position, with a market cap of about $29 billion and a daily average traded volume of around $1.1 billion.
According to XRP analysis conducted by Bill Morgan, a popular Ripple enthusiast, the cross-border focused crypto asset has continued to perform poorly despite the legal clarity in the past year.
Last year, US Judge Analisa Torres ruled that XRP sales on exchanges do not constitute a binding agreement and, thus not a security asset.
However, Ripple could be found guilty of violating securities laws through its sales to institutional investors. Furthermore, the company’s executives have been talking about the settlement with the SEC after the agency proposed a $2 billion fine.
According to Morgan, XRP price has been outshined by 88 of the top 100 crypto assets in the last year. Already, the XRP price against Bitcoin has dropped nearly 84 percent in the past six months.
Midterm Expectations
Despite the notable decline, XRP price has been hovering around the macro apex of a triangular pattern, which often leads to an inevitable bullish breakout.
#XRP #Ripple #Launchpool #IONET #BNB $XRP $BNB $BTC
Charles Hoskinson Defends Cardano’s Progress Against Media Claims
Charles Hoskinson Defends Cardano’s Progress Against Media Claims
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Charles Hoskinson rejects media claims about ADA's decline.
Upcoming Chang Hard Fork will fully decentralize Cardano.
Hydra and other initiatives foster growth and innovation.
Cardano’s founder Charles Hoskinson strongly rejected recent media claims about the cryptocurrency ADA‘s decline, asserting that the network continues to make promising developments.
Hoskinson’s frustration was evident as he addressed what he sees as a significant disconnect between media perception and Cardano’s actual progress and fundamentals.
He highlighted several key developments underscoring Cardano’s strength and bright future.
Hoskinson took to the social media platform X to express his dissatisfaction with the current narrative surrounding ADA.
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“Throughout my career, I have never seen such a deep disconnect between the reality and perception of Cardano’s true fundamentals against cryptocurrency influencers and media,” he said.
The upcoming Chang Hard Fork forms one of the cornerstones of significant developments for ADA.
This hard fork will burn all seven genesis keys, fully transferring protocol control to the Cardano community and marking a historic step towards full decentralization.
The upgrade, as outlined in CIP-1694, will not only enhance on-chain governance but also introduce delegated representatives (DReps) to further decentralize decision-making processes.
Beyond the hard fork, Hoskinson highlighted a series of initiatives designed to foster growth and innovation within the Cardano ecosystem.
Among these is Hydra, a Layer-2 scalability solution poised to increase transaction speeds and reduce costs. This technology is now reaching maturity.
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Additionally, Cardano is expanding through sidechains like Midnight and Prism, exemplifying the network’s collaborative and innovative potential.
#ADA #Cardano #Launchpool #IONET #BNB $ADA $BNB $BTC
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Charles Hoskinson rejects media claims about ADA's decline.
Upcoming Chang Hard Fork will fully decentralize Cardano.
Hydra and other initiatives foster growth and innovation.
Cardano’s founder Charles Hoskinson strongly rejected recent media claims about the cryptocurrency ADA‘s decline, asserting that the network continues to make promising developments.
Hoskinson’s frustration was evident as he addressed what he sees as a significant disconnect between media perception and Cardano’s actual progress and fundamentals.
He highlighted several key developments underscoring Cardano’s strength and bright future.
Hoskinson took to the social media platform X to express his dissatisfaction with the current narrative surrounding ADA.
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“Throughout my career, I have never seen such a deep disconnect between the reality and perception of Cardano’s true fundamentals against cryptocurrency influencers and media,” he said.
The upcoming Chang Hard Fork forms one of the cornerstones of significant developments for ADA.
This hard fork will burn all seven genesis keys, fully transferring protocol control to the Cardano community and marking a historic step towards full decentralization.
The upgrade, as outlined in CIP-1694, will not only enhance on-chain governance but also introduce delegated representatives (DReps) to further decentralize decision-making processes.
Beyond the hard fork, Hoskinson highlighted a series of initiatives designed to foster growth and innovation within the Cardano ecosystem.
Among these is Hydra, a Layer-2 scalability solution poised to increase transaction speeds and reduce costs. This technology is now reaching maturity.
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Additionally, Cardano is expanding through sidechains like Midnight and Prism, exemplifying the network’s collaborative and innovative potential.
#ADA #Cardano #Launchpool #IONET #BNB $ADA $BNB $BTC
SEC Chair Gary Gensler’s Take On BonK ETF, Here’s What He Says
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United States Securities and Exchange Commission (SEC) Chair Gary Gensler once again criticized the crypto industry on live television, but this time, he used noticeably softer language when discussing the potential for future crypto ETFs.
During an interview on CNBC’s “Mad Money,” host Jim Cramer asked Gensler about the chances of introducing ETFs for other cryptocurrencies. Cramer a list of coins that had traded millions of dollars this morning, including Polkadot, Cardano, Cosmos, Bonk, Osmosis, and Ronin.
Cramer emphasized the high trading volumes of these coins, saying, “I would think that Bonk is a natural, and Osmosis. These are millions of dollars these things are trading – shouldn’t we have some sort of product?”
Is BONK ETF, Coming?
When asked about the possibility of a BONK ETF, Gensler did not provide a direct answer.
Instead, he said many crypto tokens haven’t provided the necessary information for investors to make informed decisions, implying these tokens are unregistered securities. He highlights the need for proper regulation to protect against fraud and manipulation in the crypto market.
Gensler further stated, “You might have seen the bankruptcies in this space, with the most prominent figures in this field either in jail, about to go to jail, or awaiting extradition.”
He also criticized crypto exchange platforms for engaging in practices that would not be allowed on traditional stock exchanges like the New York Stock Exchange.
Ethereum Spot ETF Approvals
Gensler also touched upon the recent Ethereum spot ETF approvals, stating that it would still take some time before their registration statements are approved and they can be listed on public exchanges.
#BONK #ETF #Launchpool #IONET #BNB $BONK $BTC $ETH
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United States Securities and Exchange Commission (SEC) Chair Gary Gensler once again criticized the crypto industry on live television, but this time, he used noticeably softer language when discussing the potential for future crypto ETFs.
During an interview on CNBC’s “Mad Money,” host Jim Cramer asked Gensler about the chances of introducing ETFs for other cryptocurrencies. Cramer a list of coins that had traded millions of dollars this morning, including Polkadot, Cardano, Cosmos, Bonk, Osmosis, and Ronin.
Cramer emphasized the high trading volumes of these coins, saying, “I would think that Bonk is a natural, and Osmosis. These are millions of dollars these things are trading – shouldn’t we have some sort of product?”
Is BONK ETF, Coming?
When asked about the possibility of a BONK ETF, Gensler did not provide a direct answer.
Instead, he said many crypto tokens haven’t provided the necessary information for investors to make informed decisions, implying these tokens are unregistered securities. He highlights the need for proper regulation to protect against fraud and manipulation in the crypto market.
Gensler further stated, “You might have seen the bankruptcies in this space, with the most prominent figures in this field either in jail, about to go to jail, or awaiting extradition.”
He also criticized crypto exchange platforms for engaging in practices that would not be allowed on traditional stock exchanges like the New York Stock Exchange.
Ethereum Spot ETF Approvals
Gensler also touched upon the recent Ethereum spot ETF approvals, stating that it would still take some time before their registration statements are approved and they can be listed on public exchanges.
#BONK #ETF #Launchpool #IONET #BNB $BONK $BTC $ETH
Binance Coin (BNB) Price Prediction: $1,000 in Sight as Exchange Thrives
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Binance Coin (BNB) gains momentum with the launch of the Binance World Championship promotion, driving increased trading activity and investor interest.
Binance’s ecosystem, featuring initiatives like Binance Smart Chain, Launchpad, and Launchpool, bolsters BNB’s resilience and demand.
Despite challenges like BSC’s modest volume growth, BNB’s utility within Binance’s ecosystem and deflationary model position it for sustained value appreciation.
Sheldon The Sniper, a crypto enthusiast, predicts a bullish trajectory for Binance Coin (BNB), suggesting it reaches the $1000 mark after exceeding its all-time highs.
As the coin gains momentum, recent developments shed light on factors driving its surge.
#Launchpool #IONET #Bitcoin #Ethereum #Airdrop $BNB $BTC $ETH
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Binance Coin (BNB) gains momentum with the launch of the Binance World Championship promotion, driving increased trading activity and investor interest.
Binance’s ecosystem, featuring initiatives like Binance Smart Chain, Launchpad, and Launchpool, bolsters BNB’s resilience and demand.
Despite challenges like BSC’s modest volume growth, BNB’s utility within Binance’s ecosystem and deflationary model position it for sustained value appreciation.
Sheldon The Sniper, a crypto enthusiast, predicts a bullish trajectory for Binance Coin (BNB), suggesting it reaches the $1000 mark after exceeding its all-time highs.
As the coin gains momentum, recent developments shed light on factors driving its surge.
#Launchpool #IONET #Bitcoin #Ethereum #Airdrop $BNB $BTC $ETH
Crypto Whales Are Buying These 3 Tokens:
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Whale transactions for ADA, SHIB, and JASMY more than doubled in one week, signaling substantial accumulation.
SHIB sees the highest trading volume increase among peers, with a 3900% surge in token burning.
JASMY price spiked 58% this week, hitting a yearly high, with 80% of holders profiting.
Cardano (ADA), Shiba Inu (SHIB), and JasmyCoin (JASMY) are surging, each apparently triggered by a spike in whale interest.
Large transactions exceeding $100,000 on each network have more than doubled this week compared to the 2024 average, suggesting accumulation.
#Bitcoin #Ethereum #Airdrop #Launchpool #IONET $ADA $SHIB $JASMY
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Whale transactions for ADA, SHIB, and JASMY more than doubled in one week, signaling substantial accumulation.
SHIB sees the highest trading volume increase among peers, with a 3900% surge in token burning.
JASMY price spiked 58% this week, hitting a yearly high, with 80% of holders profiting.
Cardano (ADA), Shiba Inu (SHIB), and JasmyCoin (JASMY) are surging, each apparently triggered by a spike in whale interest.
Large transactions exceeding $100,000 on each network have more than doubled this week compared to the 2024 average, suggesting accumulation.
#Bitcoin #Ethereum #Airdrop #Launchpool #IONET $ADA $SHIB $JASMY
Shiba Inu Rallies on Renewed Investor Confidence, Echoing 2021 Surge
Shiba Inu Rallies on Renewed Investor Confidence, Echoing 2021 Surge
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Early SHIB investors acquire nearly 1 trillion tokens, boosting market confidence.
Whale purchases drive SHIB price up 4.6%, signaling potential bullish trend.
Renewed interest in Shiba Inu from early investors hints at future gains.
Shiba Inu coin witnessed a surge in activity that has captured the attention of investors. Early investors have re-entered the market, purchasing almost one trillion SHIB tokens.
This large transaction has fueled speculation of a price surge reminiscent of 2021’s bull run. This renewed interest from early SHIB investors signals their confidence in the project’s future potential.
One notable transaction involved an early buyer, often referred to just as “whale,” who spent 1,000 Wrapped Ethereum (WETH), approximately $3.83 million, to acquire 149.3 billion SHIB.
This whale still holds 1,169 WETH, valued at around $4.45 million. Such moves by early investors typically indicate a belief in the asset’s long-term value.
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Furthermore, another significant transaction occurred involving an early buyer who previously profited $145 million from SHIB. This entity had been inactive for two years before reentering the market.
#Bitcoin #Ethereum #Airdrop #Launchpool #IONET $SHIB $DOGE $BTC
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Early SHIB investors acquire nearly 1 trillion tokens, boosting market confidence.
Whale purchases drive SHIB price up 4.6%, signaling potential bullish trend.
Renewed interest in Shiba Inu from early investors hints at future gains.
Shiba Inu coin witnessed a surge in activity that has captured the attention of investors. Early investors have re-entered the market, purchasing almost one trillion SHIB tokens.
This large transaction has fueled speculation of a price surge reminiscent of 2021’s bull run. This renewed interest from early SHIB investors signals their confidence in the project’s future potential.
One notable transaction involved an early buyer, often referred to just as “whale,” who spent 1,000 Wrapped Ethereum (WETH), approximately $3.83 million, to acquire 149.3 billion SHIB.
This whale still holds 1,169 WETH, valued at around $4.45 million. Such moves by early investors typically indicate a belief in the asset’s long-term value.
Claim Instant $200 USD Worth of 200,000 DUNKI MUNKI Memecoins Free On WWW.DUNKIMUNKI.XYZ
Furthermore, another significant transaction occurred involving an early buyer who previously profited $145 million from SHIB. This entity had been inactive for two years before reentering the market.
#Bitcoin #Ethereum #Airdrop #Launchpool #IONET $SHIB $DOGE $BTC
Shiba Inu Rallies on Renewed Investor Confidence, Echoing 2021 Surge
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Early SHIB investors acquire nearly 1 trillion tokens, boosting market confidence.
Whale purchases drive SHIB price up 4.6%, signaling potential bullish trend.
Renewed interest in Shiba Inu from early investors hints at future gains.
Shiba Inu coin witnessed a surge in activity that has captured the attention of investors. Early investors have re-entered the market, purchasing almost one trillion SHIB tokens.
This large transaction has fueled speculation of a price surge reminiscent of 2021’s bull run. This renewed interest from early SHIB investors signals their confidence in the project’s future potential.
One notable transaction involved an early buyer, often referred to just as “whale,” who spent 1,000 Wrapped Ethereum (WETH), approximately $3.83 million, to acquire 149.3 billion SHIB.
This whale still holds 1,169 WETH, valued at around $4.45 million. Such moves by early investors typically indicate a belief in the asset’s long-term value.
Furthermore, another significant transaction occurred involving an early buyer who previously profited $145 million from SHIB. This entity had been inactive for two years before reentering the market.
#Bitcoin #Ethereum #Airdrop #Launchpool #IONET $SHIB $DOGE $BTC
Claim Instant $200 USD Worth of 200,000 DUNKI MUNKI Memecoins Free On WWW.DUNKIMUNKI.XYZ
Early SHIB investors acquire nearly 1 trillion tokens, boosting market confidence.
Whale purchases drive SHIB price up 4.6%, signaling potential bullish trend.
Renewed interest in Shiba Inu from early investors hints at future gains.
Shiba Inu coin witnessed a surge in activity that has captured the attention of investors. Early investors have re-entered the market, purchasing almost one trillion SHIB tokens.
This large transaction has fueled speculation of a price surge reminiscent of 2021’s bull run. This renewed interest from early SHIB investors signals their confidence in the project’s future potential.
One notable transaction involved an early buyer, often referred to just as “whale,” who spent 1,000 Wrapped Ethereum (WETH), approximately $3.83 million, to acquire 149.3 billion SHIB.
This whale still holds 1,169 WETH, valued at around $4.45 million. Such moves by early investors typically indicate a belief in the asset’s long-term value.
Furthermore, another significant transaction occurred involving an early buyer who previously profited $145 million from SHIB. This entity had been inactive for two years before reentering the market.
#Bitcoin #Ethereum #Airdrop #Launchpool #IONET $SHIB $DOGE $BTC
SEC Chair Gary Gensler’s Take On BonK ETF, Here’s What He Says
SEC Chair Gary Gensler’s Take On BonK ETF, Here’s What He Says
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United States Securities and Exchange Commission (SEC) Chair Gary Gensler once again criticized the crypto industry on live television, but this time, he used noticeably softer language when discussing the potential for future crypto ETFs.
During an interview on CNBC’s “Mad Money,” host Jim Cramer asked Gensler about the chances of introducing ETFs for other cryptocurrencies. Cramer a list of coins that had traded millions of dollars this morning, including Polkadot, Cardano, Cosmos, Bonk, Osmosis, and Ronin.
Cramer emphasized the high trading volumes of these coins, saying, “I would think that Bonk is a natural, and Osmosis. These are millions of dollars these things are trading – shouldn’t we have some sort of product?”
Is BONK ETF, Coming?
When asked about the possibility of a BONK ETF, Gensler did not provide a direct answer.
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Instead, he said many crypto tokens haven’t provided the necessary information for investors to make informed decisions, implying these tokens are unregistered securities. He highlights the need for proper regulation to protect against fraud and manipulation in the crypto market.
Gensler further stated, “You might have seen the bankruptcies in this space, with the most prominent figures in this field either in jail, about to go to jail, or awaiting extradition.”
He also criticized crypto exchange platforms for engaging in practices that would not be allowed on traditional stock exchanges like the New York Stock Exchange.
Ethereum Spot ETF Approvals
Gensler also touched upon the recent Ethereum spot ETF approvals, stating that it would still take some time before their registration statements are approved and they can be listed on public exchanges.
Claim Instant $200 USD Worth of 200,000 DUNKI MUNKI Memecoins Free On WWW.DUNKIMUNKI.XYZ
#BONK #ETF #Launchpool #IONET #BNB $BONK $BTC $ETH
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United States Securities and Exchange Commission (SEC) Chair Gary Gensler once again criticized the crypto industry on live television, but this time, he used noticeably softer language when discussing the potential for future crypto ETFs.
During an interview on CNBC’s “Mad Money,” host Jim Cramer asked Gensler about the chances of introducing ETFs for other cryptocurrencies. Cramer a list of coins that had traded millions of dollars this morning, including Polkadot, Cardano, Cosmos, Bonk, Osmosis, and Ronin.
Cramer emphasized the high trading volumes of these coins, saying, “I would think that Bonk is a natural, and Osmosis. These are millions of dollars these things are trading – shouldn’t we have some sort of product?”
Is BONK ETF, Coming?
When asked about the possibility of a BONK ETF, Gensler did not provide a direct answer.
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Instead, he said many crypto tokens haven’t provided the necessary information for investors to make informed decisions, implying these tokens are unregistered securities. He highlights the need for proper regulation to protect against fraud and manipulation in the crypto market.
Gensler further stated, “You might have seen the bankruptcies in this space, with the most prominent figures in this field either in jail, about to go to jail, or awaiting extradition.”
He also criticized crypto exchange platforms for engaging in practices that would not be allowed on traditional stock exchanges like the New York Stock Exchange.
Ethereum Spot ETF Approvals
Gensler also touched upon the recent Ethereum spot ETF approvals, stating that it would still take some time before their registration statements are approved and they can be listed on public exchanges.
Claim Instant $200 USD Worth of 200,000 DUNKI MUNKI Memecoins Free On WWW.DUNKIMUNKI.XYZ
#BONK #ETF #Launchpool #IONET #BNB $BONK $BTC $ETH
Binance Coin (BNB) Price Prediction: $1,000 in Sight as Exchange Thrives
Binance Coin (BNB) Price Prediction: $1,000 in Sight as Exchange Thrives
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Binance Coin (BNB) gains momentum with the launch of the Binance World Championship promotion, driving increased trading activity and investor interest.
Binance’s ecosystem, featuring initiatives like Binance Smart Chain, Launchpad, and Launchpool, bolsters BNB’s resilience and demand.
Despite challenges like BSC’s modest volume growth, BNB’s utility within Binance’s ecosystem and deflationary model position it for sustained value appreciation.
Sheldon The Sniper, a crypto enthusiast, predicts a bullish trajectory for Binance Coin (BNB), suggesting it reaches the $1000 mark after exceeding its all-time highs.
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As the coin gains momentum, recent developments shed light on factors driving its surge.
#Launchpool #IONET #Bitcoin #Ethereum #Airdrop $BNB $BTC $ETH
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Binance Coin (BNB) gains momentum with the launch of the Binance World Championship promotion, driving increased trading activity and investor interest.
Binance’s ecosystem, featuring initiatives like Binance Smart Chain, Launchpad, and Launchpool, bolsters BNB’s resilience and demand.
Despite challenges like BSC’s modest volume growth, BNB’s utility within Binance’s ecosystem and deflationary model position it for sustained value appreciation.
Sheldon The Sniper, a crypto enthusiast, predicts a bullish trajectory for Binance Coin (BNB), suggesting it reaches the $1000 mark after exceeding its all-time highs.
Claim Instant $200 USD Worth of 200,000 DUNKI MUNKI Memecoins Free On WWW.DUNKIMUNKI.XYZ
As the coin gains momentum, recent developments shed light on factors driving its surge.
#Launchpool #IONET #Bitcoin #Ethereum #Airdrop $BNB $BTC $ETH
Binance Lists IO.NET (IO) Token on Launchpool, Sparks Interest in Decentralized AI
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Binance announces IO.NET as its 55th Launchpool project, offering AI computing power.
IO.NET partners with Aptos to create a safer, faster blockchain for AI applications.
IO.NET aims to democratize AI compute power, offering scalable GPU access via decentralized cloud computing.
Binance launched its latest Launchpool project, IO.NET (IO), a decentralized AI computing and cloud platform. This marks the 55th project on Binance Launchpool, enabling users to farm IO tokens by staking BNB and FDUSD.
Binance will list IO tokens with an initial circulating supply of 95 million IO, comprising 19% of the total initial token supply. The total token supply at genesis stands at 500 million IO, with a maximum token supply of 800 million IO.
Users can stake their BNB and FDUSD in separate pools to earn IO tokens. With 17 million IO tokens allocated to the BNB pool and 3 million IO tokens allocated to the FDUSD pool, the farming period will run from June 7 to June 10, 2024.
Ahmed, the CEO of ION, announced that IO.NET aims to revolutionize the AI computing industry with the introduction of the Internet of GPUs (IOG), the world’s largest AI compute network. This network i…
#IONET #Launchpool #BNB #Binance #BTC $BTC $ETH $BNB
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Binance announces IO.NET as its 55th Launchpool project, offering AI computing power.
IO.NET partners with Aptos to create a safer, faster blockchain for AI applications.
IO.NET aims to democratize AI compute power, offering scalable GPU access via decentralized cloud computing.
Binance launched its latest Launchpool project, IO.NET (IO), a decentralized AI computing and cloud platform. This marks the 55th project on Binance Launchpool, enabling users to farm IO tokens by staking BNB and FDUSD.
Binance will list IO tokens with an initial circulating supply of 95 million IO, comprising 19% of the total initial token supply. The total token supply at genesis stands at 500 million IO, with a maximum token supply of 800 million IO.
Users can stake their BNB and FDUSD in separate pools to earn IO tokens. With 17 million IO tokens allocated to the BNB pool and 3 million IO tokens allocated to the FDUSD pool, the farming period will run from June 7 to June 10, 2024.
Ahmed, the CEO of ION, announced that IO.NET aims to revolutionize the AI computing industry with the introduction of the Internet of GPUs (IOG), the world’s largest AI compute network. This network i…
#IONET #Launchpool #BNB #Binance #BTC $BTC $ETH $BNB
Binance Lists IO.NET (IO) Token on Launchpool, Sparks Interest in Decentralized AI
Binance Lists IO.NET (IO) Token on Launchpool, Sparks Interest in Decentralized AI
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Binance announces IO.NET as its 55th Launchpool project, offering AI computing power.
IO.NET partners with Aptos to create a safer, faster blockchain for AI applications.
IO.NET aims to democratize AI compute power, offering scalable GPU access via decentralized cloud computing.
Claim Instant $200 USD Worth of 200,000 DUNKI MUNKI Memecoins Free On WWW.DUNKIMUNKI.XYZ
Binance launched its latest Launchpool project, IO.NET (IO), a decentralized AI computing and cloud platform. This marks the 55th project on Binance Launchpool, enabling users to farm IO tokens by staking BNB and FDUSD.
Binance will list IO tokens with an initial circulating supply of 95 million IO, comprising 19% of the total initial token supply. The total token supply at genesis stands at 500 million IO, with a maximum token supply of 800 million IO.
Users can stake their BNB and FDUSD in separate pools to earn IO tokens. With 17 million IO tokens allocated to the BNB pool and 3 million IO tokens allocated to the FDUSD pool, the farming period will run from June 7 to June 10, 2024.
Ahmed, the CEO of ION, announced that IO.NET aims to revolutionize the AI computing industry with the introduction of the Internet of GPUs (IOG), the world’s largest AI compute network. This network i…
Claim Instant $200 USD Worth of 200,000 DUNKI MUNKI Memecoins Free On WWW.DUNKIMUNKI.XYZ
#IONET #Launchpool #BNB #Binance #BTC $BTC $ETH $BNB
Claim Instant $200 USD Worth of 200,000 DUNKI MUNKI Memecoins Free On WWW.DUNKIMUNKI.XYZ
Binance announces IO.NET as its 55th Launchpool project, offering AI computing power.
IO.NET partners with Aptos to create a safer, faster blockchain for AI applications.
IO.NET aims to democratize AI compute power, offering scalable GPU access via decentralized cloud computing.
Claim Instant $200 USD Worth of 200,000 DUNKI MUNKI Memecoins Free On WWW.DUNKIMUNKI.XYZ
Binance launched its latest Launchpool project, IO.NET (IO), a decentralized AI computing and cloud platform. This marks the 55th project on Binance Launchpool, enabling users to farm IO tokens by staking BNB and FDUSD.
Binance will list IO tokens with an initial circulating supply of 95 million IO, comprising 19% of the total initial token supply. The total token supply at genesis stands at 500 million IO, with a maximum token supply of 800 million IO.
Users can stake their BNB and FDUSD in separate pools to earn IO tokens. With 17 million IO tokens allocated to the BNB pool and 3 million IO tokens allocated to the FDUSD pool, the farming period will run from June 7 to June 10, 2024.
Ahmed, the CEO of ION, announced that IO.NET aims to revolutionize the AI computing industry with the introduction of the Internet of GPUs (IOG), the world’s largest AI compute network. This network i…
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#IONET #Launchpool #BNB #Binance #BTC $BTC $ETH $BNB
👽 Evaluate the IO.NET project and future growth potential! 👽
⚡️ IO.NET is a Solana DePIN network that aggregates GPU resources for AI & Machine Learning (ML) companies. The project aims to provide computing power at low cost and fast processing time 🤖
🔸 IO.NET Backers:
- Series A raising $30M (Amonica Brands, Delphi Digital, Solana Ventures, OKX Ventures, Aptos,...), press valuation is currently 1 billion USD.
🔸 IO.NET Tokenomic:
- Initial total supply: 500 million
- Maximum total supply: 800 million
- Initial circulating supply: 95 million (19% of total supply)
The allocation is as follows:
- Early Backers (Seed Round): 12.5%
- Early Backers (Series A): 10.2%
- Initial Core Contributors: 11.3%
- R&D Ecosystem: 16%
- Community: 50%
🔸 IO.NET price forecast:
Currently in the pre-market market, $IO is being traded at around $3-$4. In the context of good cash flow in the Crypto market, IO's FDV level will range from 2 - 2.6 billion USD. With a total supply of 800 million IO, the reasonable price for $IO when listed on Binance can range from 2.5 USD to 3.25 USD.
#Binance #IONET #Launchpool
⚡️ IO.NET is a Solana DePIN network that aggregates GPU resources for AI & Machine Learning (ML) companies. The project aims to provide computing power at low cost and fast processing time 🤖
🔸 IO.NET Backers:
- Series A raising $30M (Amonica Brands, Delphi Digital, Solana Ventures, OKX Ventures, Aptos,...), press valuation is currently 1 billion USD.
🔸 IO.NET Tokenomic:
- Initial total supply: 500 million
- Maximum total supply: 800 million
- Initial circulating supply: 95 million (19% of total supply)
The allocation is as follows:
- Early Backers (Seed Round): 12.5%
- Early Backers (Series A): 10.2%
- Initial Core Contributors: 11.3%
- R&D Ecosystem: 16%
- Community: 50%
🔸 IO.NET price forecast:
Currently in the pre-market market, $IO is being traded at around $3-$4. In the context of good cash flow in the Crypto market, IO's FDV level will range from 2 - 2.6 billion USD. With a total supply of 800 million IO, the reasonable price for $IO when listed on Binance can range from 2.5 USD to 3.25 USD.
#Binance #IONET #Launchpool
Revolutionizing the future of AI, one calculation at a time. #IONET 🔥
LIVE
Hamid
--
IO.NET — THE RULE OF GPUs WITH DECENTRALISED AI
Let’s dive into io.net!
io.net uses a decentralized AI computing and cloud platform to aggregate GPU supply from underutilized sources. This network allows machine learning startups to access nearly unlimited computing power at a fraction of the cost of traditional cloud services.
This sounds great, right?
IO — The Native Utility Token
In the io.net ecosystem, IO is the perfect solution for managing payments and transaction fees. It streamlines the acquisition and allocation of underutilized GPU computing power and enables the effortless deployment of GPU clusters.
Furthermore, users can actively contribute to network security and receive a portion of idle GPU rewards through two effective methods:
1. Delegating staking of $IO tokens with a node of your choice.
2. Directly staking more $IO tokens to independently operate on your own node.
The IO token grants holders the opportunity to actively participate in governing the IO Grants DAO by proposing, voting on, and implementing grant proposals for the Internet of GPUs Foundation.
THE POWER OF GLOBAL GPU RESOURCES IS HERE WITH A SINGLE CLICK
Decentralized Clusters are here for all of us - Deploy your system on a Decentralized Physical Infrastructure Network - DePIN.
It can potentially reduce costs by leveraging unused resources within the network, optimizing resource utilization, and minimizing overhead costs associated with traditional centralized infrastructure.
Moreover, there is frictionless cluster deployment for your ML workloads, ensuring rapid deployment and scalability without the hassle of managing complex infrastructure configurations.
Unlock Your GPU's Potential with IO.NET:
- IO.NET provides you with exceptional GPUs
- You can monitor performance and earnings in real-time.
- Earn by putting your GPU to work.
Boost Your Income:
- Download more images.
- Unlock additional services.
- Increase your hire rate.
Put your GPU to work and accelerate your earnings with IO.NET!
Also, Enjoy:
- World Wide Access
- Best Optimal AI processors
- Offers flexible and scalable clusters that can automatically adjust to accommodate your growing user base.
- Ultra-secure
- Provides you with sustainable GPU options
FUTURE POTENTIAL AND OPPORTUNITIES FOR IO.NET
1. Potential and Opportunities for io.net and IO:
The successful completion of the IO Coin Initial Offering on Binance Launchpool opens numerous possibilities for io.net that are as follows:
- Increased Adoption and Utilization:
The successful TGE has significantly raised awareness of io.net, attracting developers, startups, and enterprises looking for cost-effective and powerful computing solutions.
As more machine learning (ML) and AI projects choose io.net for its affordable and efficient GPU resources, the platform's user base is likely to grow substantially.
- Cost-Effective AI and ML Solutions:
By aggregating underutilized GPU resources, io.net offers high computational power at a fraction of the cost of traditional cloud providers.
This is a major advantage for businesses and startups that need to manage expenses while accessing strong computing capabilities. This cost efficiency can drive more projects to the platform, boosting its overall usage and relevance in the industry.
- Utility and Governance via IO Token:
The IO token is integral to the io.net ecosystem, facilitating payments, transactions, and governance. Token holders can stake IO tokens to earn rewards, participate in network security, and influence the platform's development through the IO Grants DAO.
This engagement not only helps in securing the network but also encourages a vibrant and active community, which is vital for the ecosystem's growth.
- Rapid Deployment and Scalability:
io.net's decentralized infrastructure enables rapid deployment and scaling of GPU clusters, crucial for projects needing quick turnaround times. Unlike traditional cloud services that require lengthy approval processes, io.net allows for near-instant deployment, making it an attractive option for time-sensitive AI and ML projects.
- Strategic Growth and Partnerships:
With substantial funding from private sales and strategic partnerships, io.net is well-positioned to drive innovation and expand its ecosystem.
The financial backing and strategic alliances can facilitate the development of new features, integrations, and improvements, further solidifying io.net's position in the market.
INSIGHTS ON DECENTRALISED INFRASTRUCTURE (DePIN)
The DePIN model proposed by io.net offers several significant advantages:
- Optimized Resource Utilization:
DePIN leverages underutilized GPU resources, optimizing their usage and reducing waste.
This efficient utilization lowers operational costs for users and maximizes the potential of existing resources, making it a sustainable and economically viable model.
- Cost Reduction:
Traditional cloud services involve high costs due to centralized management and associated overheads. DePIN's decentralized approach drastically reduces these costs, making high-performance computing more affordable and accessible.
This cost reduction is especially beneficial for startups and smaller enterprises that require substantial computational power but have limited budgets.
- Scalability and Flexibility:
DePIN allows for the flexible scaling of computational resources to meet varying demands.
This scalability ensures that businesses can easily adjust their resource usage according to their needs without being constrained by the limitations of centralized infrastructure. It provides the agility necessary to adapt quickly to changing requirements.
- Ease of Deployment:
The decentralized nature of DePIN ensures frictionless deployment of computational clusters. Projects can be initiated rapidly without dealing with the complexities and delays of traditional infrastructure.
This ease of deployment is a significant advantage for businesses aiming to focus on development and innovation rather than infrastructure management.
- Security and Global Accessibility:
DePIN offers ultra-secure, permissionless access to a global network of GPUs. This ensures high security and broad accessibility, allowing businesses from around the world to tap into the network's resources.
The global reach of DePIN makes it a versatile solution capable of supporting diverse projects across various industries.
Thus, the implementation of DePIN highlights io.net's potential to revolutionize the decentralized computing landscape. By offering cost-effective, scalable, and easily deployable computing resources, io.net addresses critical needs in the AI and ML sectors.
The utility of the IO token, combined with the efficient and secure DePIN infrastructure, positions io.net as a leader — LFG
#IO #IONET #BinanceTournament #BinanceTurns7 #US_Job_Market_Slowdown
io.net uses a decentralized AI computing and cloud platform to aggregate GPU supply from underutilized sources. This network allows machine learning startups to access nearly unlimited computing power at a fraction of the cost of traditional cloud services.
This sounds great, right?
IO — The Native Utility Token
In the io.net ecosystem, IO is the perfect solution for managing payments and transaction fees. It streamlines the acquisition and allocation of underutilized GPU computing power and enables the effortless deployment of GPU clusters.
Furthermore, users can actively contribute to network security and receive a portion of idle GPU rewards through two effective methods:
1. Delegating staking of $IO tokens with a node of your choice.
2. Directly staking more $IO tokens to independently operate on your own node.
The IO token grants holders the opportunity to actively participate in governing the IO Grants DAO by proposing, voting on, and implementing grant proposals for the Internet of GPUs Foundation.
THE POWER OF GLOBAL GPU RESOURCES IS HERE WITH A SINGLE CLICK
Decentralized Clusters are here for all of us - Deploy your system on a Decentralized Physical Infrastructure Network - DePIN.
It can potentially reduce costs by leveraging unused resources within the network, optimizing resource utilization, and minimizing overhead costs associated with traditional centralized infrastructure.
Moreover, there is frictionless cluster deployment for your ML workloads, ensuring rapid deployment and scalability without the hassle of managing complex infrastructure configurations.
Unlock Your GPU's Potential with IO.NET:
- IO.NET provides you with exceptional GPUs
- You can monitor performance and earnings in real-time.
- Earn by putting your GPU to work.
Boost Your Income:
- Download more images.
- Unlock additional services.
- Increase your hire rate.
Put your GPU to work and accelerate your earnings with IO.NET!
Also, Enjoy:
- World Wide Access
- Best Optimal AI processors
- Offers flexible and scalable clusters that can automatically adjust to accommodate your growing user base.
- Ultra-secure
- Provides you with sustainable GPU options
FUTURE POTENTIAL AND OPPORTUNITIES FOR IO.NET
1. Potential and Opportunities for io.net and IO:
The successful completion of the IO Coin Initial Offering on Binance Launchpool opens numerous possibilities for io.net that are as follows:
- Increased Adoption and Utilization:
The successful TGE has significantly raised awareness of io.net, attracting developers, startups, and enterprises looking for cost-effective and powerful computing solutions.
As more machine learning (ML) and AI projects choose io.net for its affordable and efficient GPU resources, the platform's user base is likely to grow substantially.
- Cost-Effective AI and ML Solutions:
By aggregating underutilized GPU resources, io.net offers high computational power at a fraction of the cost of traditional cloud providers.
This is a major advantage for businesses and startups that need to manage expenses while accessing strong computing capabilities. This cost efficiency can drive more projects to the platform, boosting its overall usage and relevance in the industry.
- Utility and Governance via IO Token:
The IO token is integral to the io.net ecosystem, facilitating payments, transactions, and governance. Token holders can stake IO tokens to earn rewards, participate in network security, and influence the platform's development through the IO Grants DAO.
This engagement not only helps in securing the network but also encourages a vibrant and active community, which is vital for the ecosystem's growth.
- Rapid Deployment and Scalability:
io.net's decentralized infrastructure enables rapid deployment and scaling of GPU clusters, crucial for projects needing quick turnaround times. Unlike traditional cloud services that require lengthy approval processes, io.net allows for near-instant deployment, making it an attractive option for time-sensitive AI and ML projects.
- Strategic Growth and Partnerships:
With substantial funding from private sales and strategic partnerships, io.net is well-positioned to drive innovation and expand its ecosystem.
The financial backing and strategic alliances can facilitate the development of new features, integrations, and improvements, further solidifying io.net's position in the market.
INSIGHTS ON DECENTRALISED INFRASTRUCTURE (DePIN)
The DePIN model proposed by io.net offers several significant advantages:
- Optimized Resource Utilization:
DePIN leverages underutilized GPU resources, optimizing their usage and reducing waste.
This efficient utilization lowers operational costs for users and maximizes the potential of existing resources, making it a sustainable and economically viable model.
- Cost Reduction:
Traditional cloud services involve high costs due to centralized management and associated overheads. DePIN's decentralized approach drastically reduces these costs, making high-performance computing more affordable and accessible.
This cost reduction is especially beneficial for startups and smaller enterprises that require substantial computational power but have limited budgets.
- Scalability and Flexibility:
DePIN allows for the flexible scaling of computational resources to meet varying demands.
This scalability ensures that businesses can easily adjust their resource usage according to their needs without being constrained by the limitations of centralized infrastructure. It provides the agility necessary to adapt quickly to changing requirements.
- Ease of Deployment:
The decentralized nature of DePIN ensures frictionless deployment of computational clusters. Projects can be initiated rapidly without dealing with the complexities and delays of traditional infrastructure.
This ease of deployment is a significant advantage for businesses aiming to focus on development and innovation rather than infrastructure management.
- Security and Global Accessibility:
DePIN offers ultra-secure, permissionless access to a global network of GPUs. This ensures high security and broad accessibility, allowing businesses from around the world to tap into the network's resources.
The global reach of DePIN makes it a versatile solution capable of supporting diverse projects across various industries.
Thus, the implementation of DePIN highlights io.net's potential to revolutionize the decentralized computing landscape. By offering cost-effective, scalable, and easily deployable computing resources, io.net addresses critical needs in the AI and ML sectors.
The utility of the IO token, combined with the efficient and secure DePIN infrastructure, positions io.net as a leader — LFG
#IO #IONET #BinanceTournament #BinanceTurns7 #US_Job_Market_Slowdown
📣 Binance Announces 55th Launchpool Project #IONET (IO)
#BinanceLaunchpool
💠 Binance introduces its 55th Launchpool project, IO.NET (IO), a decentralized AI and cloud computing platform. Users can stake $BNB and $FDUSD to farm IO tokens before trading begins on June 11.
🌐 Initial Circulation👇
◽At launch, 500 million $IO tokens, 62% of the total token supply, will be in circulation. The initial circulation supply is unprecedented compared to industry practices, which normally see 15% to 20% at launch. This supply will increase to 800 million over time through network rewards. The initial allocation is designed to balance the interests of early investors, core contributors, the R&D and Ecosystem fund, and the broader community.
◾Io.net has secured a $30 million investment at a $1 billion valuation, demonstrating strong investor confidence in the project's potential to revolutionize the AI computing landscape.
◽Io.net is a decentralized computing network that aims to provide affordable, flexible, and accessible computing capacity for AI developers and enterprises. Its blockchain-based architecture ensures transparency, security, and fair compensation for all network participants.
♦️HIGHLIGHTS👇
◽Binance launches IO.NET (IO) as its 55th Launchpool project, with trading set to start on June 11 at 12:00 (UTC).
◾Users can stake #BNB and #FDUSD from June 7 to farm IO tokens, with detailed instructions available on the Binance website.
◽BNB surpasses $700, reflecting increased network usage and significant market activity.
#BinanceLaunchpool
💠 Binance introduces its 55th Launchpool project, IO.NET (IO), a decentralized AI and cloud computing platform. Users can stake $BNB and $FDUSD to farm IO tokens before trading begins on June 11.
🌐 Initial Circulation👇
◽At launch, 500 million $IO tokens, 62% of the total token supply, will be in circulation. The initial circulation supply is unprecedented compared to industry practices, which normally see 15% to 20% at launch. This supply will increase to 800 million over time through network rewards. The initial allocation is designed to balance the interests of early investors, core contributors, the R&D and Ecosystem fund, and the broader community.
◾Io.net has secured a $30 million investment at a $1 billion valuation, demonstrating strong investor confidence in the project's potential to revolutionize the AI computing landscape.
◽Io.net is a decentralized computing network that aims to provide affordable, flexible, and accessible computing capacity for AI developers and enterprises. Its blockchain-based architecture ensures transparency, security, and fair compensation for all network participants.
♦️HIGHLIGHTS👇
◽Binance launches IO.NET (IO) as its 55th Launchpool project, with trading set to start on June 11 at 12:00 (UTC).
◾Users can stake #BNB and #FDUSD from June 7 to farm IO tokens, with detailed instructions available on the Binance website.
◽BNB surpasses $700, reflecting increased network usage and significant market activity.
Top Artificial Intelligence (AI) Tokens To Watch For This Month?
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The crypto market continues to display a positive price action, indicating an increase in the buying-over-selling pressure in the crypto space. However, top altcoins record a mixed sentiment by experiencing significant fluctuations in their respective portfolios.
On the other hand, the top Artificial Intelligence (AI) tokens display a bullish action in their respective chart after trading under a bearish sentiment for a brief period. This highlights a high possibility bullish rebound in these tokens.
Dive in as, in this article, we have covered the market sentiments and price analysis of Render (RNDR), Akash Network (AKT), Injective (INJ), and Theta Network (THETA) and also their short-term price targets.
Render (RNDR):
Injective (INJ):
Akash Network (AKT):
Theta Network (THETA):
#Launchpool #IONET #BNB #AI #BTC $RNDR $THETA $INJ
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The crypto market continues to display a positive price action, indicating an increase in the buying-over-selling pressure in the crypto space. However, top altcoins record a mixed sentiment by experiencing significant fluctuations in their respective portfolios.
On the other hand, the top Artificial Intelligence (AI) tokens display a bullish action in their respective chart after trading under a bearish sentiment for a brief period. This highlights a high possibility bullish rebound in these tokens.
Dive in as, in this article, we have covered the market sentiments and price analysis of Render (RNDR), Akash Network (AKT), Injective (INJ), and Theta Network (THETA) and also their short-term price targets.
Render (RNDR):
Injective (INJ):
Akash Network (AKT):
Theta Network (THETA):
#Launchpool #IONET #BNB #AI #BTC $RNDR $THETA $INJ
Top Artificial Intelligence (AI) Tokens To Watch For This Month?
Top Artificial Intelligence (AI) Tokens To Watch For This Month?
Claim Instant $200 USD Worth of 200,000 DUNKI MUNKI Memecoins Free On WWW.DUNKIMUNKI.XYZ
The crypto market continues to display a positive price action, indicating an increase in the buying-over-selling pressure in the crypto space. However, top altcoins record a mixed sentiment by experiencing significant fluctuations in their respective portfolios.
On the other hand, the top Artificial Intelligence (AI) tokens display a bullish action in their respective chart after trading under a bearish sentiment for a brief period. This highlights a high possibility bullish rebound in these tokens.
Dive in as, in this article, we have covered the market sentiments and price analysis of Render (RNDR), Akash Network (AKT), Injective (INJ), and Theta Network (THETA) and also their short-term price targets.
Render (RNDR):
Injective (INJ):
Akash Network (AKT):
Theta Network (THETA):
Claim Instant $200 USD Worth of 200,000 DUNKI MUNKI Memecoins Free On WWW.DUNKIMUNKI.XYZ
#Launchpool #IONET #BNB #AI #BTC $RNDR $THETA $INJ
Claim Instant $200 USD Worth of 200,000 DUNKI MUNKI Memecoins Free On WWW.DUNKIMUNKI.XYZ
The crypto market continues to display a positive price action, indicating an increase in the buying-over-selling pressure in the crypto space. However, top altcoins record a mixed sentiment by experiencing significant fluctuations in their respective portfolios.
On the other hand, the top Artificial Intelligence (AI) tokens display a bullish action in their respective chart after trading under a bearish sentiment for a brief period. This highlights a high possibility bullish rebound in these tokens.
Dive in as, in this article, we have covered the market sentiments and price analysis of Render (RNDR), Akash Network (AKT), Injective (INJ), and Theta Network (THETA) and also their short-term price targets.
Render (RNDR):
Injective (INJ):
Akash Network (AKT):
Theta Network (THETA):
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#Launchpool #IONET #BNB #AI #BTC $RNDR $THETA $INJ
BNB at a NEW ATH. 🚀
If you’ve been staking and doing it for BNB projects in LaunchPool, congratulations, you’ve caught both rabbits. 🐇🐇
Today we’re talking about IONET, a project built on the SOLANA ecosystem. 🔥
💡 What is $IONET?
A decentralized platform for AI Computing and Cloud. ☁️🤖
The platform’s native token, $IO , is used for:
→ Payments within the ecosystem. 💸
→ Staking (locking tokens to support the network and earn rewards). 🔒💰
→ Governance (participating in project-related decisions). 🗳️
There are approximately 95 million tokens in circulation, which suggests a market cap of 450-500 million. 📊💎
💭 Price prediction?
On WhalesMarket, it is already being bought for $4-5. 🐋💲
This indicates the listing price, which, in my opinion, will be the same. 📈
📝 Here are all the details:
🔗 Detailed report.
Research Binance
🔗 If you don’t have an account on the Binance app yet, you can use the link below to register 👇
🔗 Register on Binance
🔔 Don’t miss the chance! 🚀
#BNB #STACKING #IONET #BinanceLaunchpool #LaunchPool #Megadrop
If you’ve been staking and doing it for BNB projects in LaunchPool, congratulations, you’ve caught both rabbits. 🐇🐇
Today we’re talking about IONET, a project built on the SOLANA ecosystem. 🔥
💡 What is $IONET?
A decentralized platform for AI Computing and Cloud. ☁️🤖
The platform’s native token, $IO , is used for:
→ Payments within the ecosystem. 💸
→ Staking (locking tokens to support the network and earn rewards). 🔒💰
→ Governance (participating in project-related decisions). 🗳️
There are approximately 95 million tokens in circulation, which suggests a market cap of 450-500 million. 📊💎
💭 Price prediction?
On WhalesMarket, it is already being bought for $4-5. 🐋💲
This indicates the listing price, which, in my opinion, will be the same. 📈
📝 Here are all the details:
🔗 Detailed report.
Research Binance
🔗 If you don’t have an account on the Binance app yet, you can use the link below to register 👇
🔗 Register on Binance
🔔 Don’t miss the chance! 🚀
#BNB #STACKING #IONET #BinanceLaunchpool #LaunchPool #Megadrop
Bill Morgan Remains Confident on Imminent XRP Price Surge Amid Ripple vs SEC Lawsuit
Bill Morgan Remains Confident on Imminent XRP Price Surge Amid Ripple vs SEC Lawsuit
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The recent approval of spot Ethereum (ETH) exchange-traded funds (ETFs) in the United States has raised hopes for a similar product for other digital assets led by Ripple Labs-backed XRP, Solana (SOL), and Dogecoin (DOGE).
The XRP community is confident of an astounding win in the Ripple vs SEC case, especially after the agency reached a settlement deal with Do Kwon and Terraform Labs.
However, XRP is gradually losing grip among crypto investors as other similar blockchain projects thrive in favoring jurisdictions. Before the US SEC charged Ripple for selling unregistered securities, XRP was among the top three most valuable digital assets.
As of this writing, XRP has dropped to the seventh position, with a market cap of about $29 billion and a daily average traded volume of around $1.1 billion.
According to XRP analysis conducted by Bill Morgan, a popular Ripple enthusiast, the cross-border focused crypto asset has continued to perform poorly despite the legal clarity in the past year.
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Last year, US Judge Analisa Torres ruled that XRP sales on exchanges do not constitute a binding agreement and, thus not a security asset.
However, Ripple could be found guilty of violating securities laws through its sales to institutional investors. Furthermore, the company’s executives have been talking about the settlement with the SEC after the agency proposed a $2 billion fine.
According to Morgan, XRP price has been outshined by 88 of the top 100 crypto assets in the last year. Already, the XRP price against Bitcoin has dropped nearly 84 percent in the past six months.
Midterm Expectations
Despite the notable decline, XRP price has been hovering around the macro apex of a triangular pattern, which often leads to an inevitable bullish breakout.
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#XRP #Ripple #Launchpool #IONET #BNB $XRP $BNB $BTC
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The recent approval of spot Ethereum (ETH) exchange-traded funds (ETFs) in the United States has raised hopes for a similar product for other digital assets led by Ripple Labs-backed XRP, Solana (SOL), and Dogecoin (DOGE).
The XRP community is confident of an astounding win in the Ripple vs SEC case, especially after the agency reached a settlement deal with Do Kwon and Terraform Labs.
However, XRP is gradually losing grip among crypto investors as other similar blockchain projects thrive in favoring jurisdictions. Before the US SEC charged Ripple for selling unregistered securities, XRP was among the top three most valuable digital assets.
As of this writing, XRP has dropped to the seventh position, with a market cap of about $29 billion and a daily average traded volume of around $1.1 billion.
According to XRP analysis conducted by Bill Morgan, a popular Ripple enthusiast, the cross-border focused crypto asset has continued to perform poorly despite the legal clarity in the past year.
Claim Instant $200 USD Worth of 200,000 DUNKI MUNKI Memecoins Free On WWW.DUNKIMUNKI.XYZ
Last year, US Judge Analisa Torres ruled that XRP sales on exchanges do not constitute a binding agreement and, thus not a security asset.
However, Ripple could be found guilty of violating securities laws through its sales to institutional investors. Furthermore, the company’s executives have been talking about the settlement with the SEC after the agency proposed a $2 billion fine.
According to Morgan, XRP price has been outshined by 88 of the top 100 crypto assets in the last year. Already, the XRP price against Bitcoin has dropped nearly 84 percent in the past six months.
Midterm Expectations
Despite the notable decline, XRP price has been hovering around the macro apex of a triangular pattern, which often leads to an inevitable bullish breakout.
Claim Instant $200 USD Worth of 200,000 DUNKI MUNKI Memecoins Free On WWW.DUNKIMUNKI.XYZ
#XRP #Ripple #Launchpool #IONET #BNB $XRP $BNB $BTC
Charles Hoskinson Defends Cardano’s Progress Against Media Claims
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Charles Hoskinson rejects media claims about ADA's decline.
Upcoming Chang Hard Fork will fully decentralize Cardano.
Hydra and other initiatives foster growth and innovation.
Cardano’s founder Charles Hoskinson strongly rejected recent media claims about the cryptocurrency ADA‘s decline, asserting that the network continues to make promising developments.
Hoskinson’s frustration was evident as he addressed what he sees as a significant disconnect between media perception and Cardano’s actual progress and fundamentals.
He highlighted several key developments underscoring Cardano’s strength and bright future.
Hoskinson took to the social media platform X to express his dissatisfaction with the current narrative surrounding ADA.
“Throughout my career, I have never seen such a deep disconnect between the reality and perception of Cardano’s true fundamentals against cryptocurrency influencers and media,” he said.
The upcoming Chang Hard Fork forms one of the cornerstones of significant developments for ADA.
This hard fork will burn all seven genesis keys, fully transferring protocol control to the Cardano community and marking a historic step towards full decentralization.
The upgrade, as outlined in CIP-1694, will not only enhance on-chain governance but also introduce delegated representatives (DReps) to further decentralize decision-making processes.
Beyond the hard fork, Hoskinson highlighted a series of initiatives designed to foster growth and innovation within the Cardano ecosystem.
Among these is Hydra, a Layer-2 scalability solution poised to increase transaction speeds and reduce costs. This technology is now reaching maturity.
Additionally, Cardano is expanding through sidechains like Midnight and Prism, exemplifying the network’s collaborative and innovative potential.
#ADA #Cardano #Launchpool #IONET #BNB $ADA $BNB $BTC
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Charles Hoskinson rejects media claims about ADA's decline.
Upcoming Chang Hard Fork will fully decentralize Cardano.
Hydra and other initiatives foster growth and innovation.
Cardano’s founder Charles Hoskinson strongly rejected recent media claims about the cryptocurrency ADA‘s decline, asserting that the network continues to make promising developments.
Hoskinson’s frustration was evident as he addressed what he sees as a significant disconnect between media perception and Cardano’s actual progress and fundamentals.
He highlighted several key developments underscoring Cardano’s strength and bright future.
Hoskinson took to the social media platform X to express his dissatisfaction with the current narrative surrounding ADA.
“Throughout my career, I have never seen such a deep disconnect between the reality and perception of Cardano’s true fundamentals against cryptocurrency influencers and media,” he said.
The upcoming Chang Hard Fork forms one of the cornerstones of significant developments for ADA.
This hard fork will burn all seven genesis keys, fully transferring protocol control to the Cardano community and marking a historic step towards full decentralization.
The upgrade, as outlined in CIP-1694, will not only enhance on-chain governance but also introduce delegated representatives (DReps) to further decentralize decision-making processes.
Beyond the hard fork, Hoskinson highlighted a series of initiatives designed to foster growth and innovation within the Cardano ecosystem.
Among these is Hydra, a Layer-2 scalability solution poised to increase transaction speeds and reduce costs. This technology is now reaching maturity.
Additionally, Cardano is expanding through sidechains like Midnight and Prism, exemplifying the network’s collaborative and innovative potential.
#ADA #Cardano #Launchpool #IONET #BNB $ADA $BNB $BTC
IO.NET $IO and EMAIL TOKEN $EMT have been listed on Bitget PoolX
Starting June 12th at 8:00 UTC to June 22nd at 10:00 UTC, users can stake their $IO and $EMT in distinct pools to grab a share of 26,500 $IO and 1,920,000 $EMT.
#IONET envisioned as a globally accessible decentralized cloud computing network, aims to offer affordable, flexible, and permissionless computing capacity.
#EtherMail is the #Web3 email solution setting the standard for anonymous and encrypted wallet-to-wallet communication.
👉 bitget.com/support/articles/12560603811059
Starting June 12th at 8:00 UTC to June 22nd at 10:00 UTC, users can stake their $IO and $EMT in distinct pools to grab a share of 26,500 $IO and 1,920,000 $EMT.
#IONET envisioned as a globally accessible decentralized cloud computing network, aims to offer affordable, flexible, and permissionless computing capacity.
#EtherMail is the #Web3 email solution setting the standard for anonymous and encrypted wallet-to-wallet communication.
👉 bitget.com/support/articles/12560603811059
