The Bureau of Economic Affairs released its Personal Consumption Expenditures price index for May today on Friday. 

The PCE - which is considered the Federal Reserve’s favoured inflation metric - seems to indicate that the central bank is winning its war against inflation. 

Both the headline and core PCE YoY prints for May fell to 2.6%, in line with the market’s expectations. Meanwhile, the “supercore” PCE rose only by 0.1%, its smallest increase since August 2023. 

BREAKING: May PCE inflation, the Fed's preferred inflation measure, fell to 2.6%, in-line with expectations of 2.6%.Core PCE inflation fell to 2.6%, in-line with expectations of 2.6%.Both headline and Core PCE inflation declined last month.Another welcomed sign by the Fed.

— The Kobeissi Letter (@KobeissiLetter) June 28, 2024

The data bodes well for Bitcoin and risk assets, considering that it increases the odds of the Fed pivoting to quantitative easing much earlier than expected. Smart money traders are also eyeing BRC-20 tokens such as 99Bitcoins with great interest, considering their strong correlation with BTC. 

Will The Federal Reserve Cut Interest Rates In July?

As previously mentioned, the PCE is the Fed’s favoured inflation index. With the PCE inching towards the central bank’s 2% inflation target, a Fed pivot may not be far away. 

The next FOMC meeting is scheduled for July 31st. Currently, the CME FedWatch tool is signalling only a 10.3% probability of an interest rate cut at this meeting, highlighting that the central bank will very likely keep its benchmark rate at 525 - 550 bps. 

However, the May PCE may cause the Fed to pivot much earlier than expected. For instance, San Fransisco Fed President Mary Daly has called today’s inflation print “good news”, claiming that the monetary policy is working. 

If the Fed does continue to keep interest rates unchanged, the next date for a rate cut would very likely be September 18th. The CME FedWatch tool is signalling a greater than 60% likelihood of a rate at this FOMC meeting. 

Will Bitcoin Skyrocket In June?

The Bitcoin price has shown a high correlation with the macroeconomic outlook. Consequently, a dovish pivot by the Fed should theoretically provide a major boost to BTC.

As such, the miner selling pressure on Bitcoin is also easing, which paves the way for a significant BTC rally in July. 

For instance, popular crypto analyst CrediBULL Crypto (@CredibleCrypto) is hinting towards a substantial uptick in the BTC price over the coming months, starting in July. 

Yes, I'm telling you there's a chance. $BTC pic.twitter.com/JSjF9Tf6pg

— CrediBULL Crypto (@CredibleCrypto) June 27, 2024

However, this would require the bulls to defend the $60,000 support level, especially ahead of the weekly and monthly close in a few days. 

Could 99Bitcoins Also Explode?

Popular crypto educational platform 99Bitcoins has recently launched a new learn-to-earn cryptocurrency, fashioning it as a BRC-20 token. 

BRC-20 tokens are expected to be in high demand during this bull cycle, owing to their high correlation with Bitcoin. 

The 99BTC has already raised over $2.3 billion in its ICO, signalling a strong interest from smart money traders and retailers alike. 

After all, 99Bitcoins already has an established community backing in the crypto industry. The company was founded in 2013, even before the inception of the Ethereum blockchain. 

The platform currently boasts over 2.8 million subscribers on its website, in addition to another 700k on its YouTube. Through the new 99BTC token, it is now offering lucrative incentives and rewards to these community members, which bodes well for the token’s long-term upside potential. 

For instance, investors would get free crypto for simply completing 99Bitcoins’ learning material. Additionally, token holders will receive lucrative staking rewards, alpha trading signals and access to VIP groups. 

Even 99BTC presale buyers can stake their holdings and earn attractive rewards, currently at an APY of over 700%. Furthermore, they can visit the 99Bitcoins website and register for the airdrop, which will award over $1000 in BTC to 99 lucky winners. 

Owing to its unique value proposition, experts such as Jacob Bury believe that 99BTC could deliver up to 10x returns after its launch. 

Visit 99Bitcoins Presale

Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the viewsof Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.  

 

VanEck has submitted an application to the SEC to launch the first spot Solana ETF in the United States, aiming to expand its cryptocurrency investment products and capitalize on Solana's blockchain utility. 

After ETH, BTC, Now SOL ETF

VanEck, a notable pioneer in the cryptocurrency exchange-traded fund (ETF) market, has recently taken a significant step in its crypto ETF journey by filing an application for a Solana ETF with the U.S. Securities and Exchange Commission (SEC). The firm submitted an S-1 registration statement for its "VanEck Solana Trust" on Thursday, aiming to launch the first spot Solana (SOL) ETF in the United States.

A First for Solana ETFs in the US

According to VanEck's head of digital asset research, Matthew Sigel, the company is breaking new ground as the first in the U.S. to apply for a Solana ETF. This move marks a notable progression in the cryptocurrency investment sector. As per the filing, VanEck emphasized that the Trust and its Sponsor will not engage in staking activities to earn additional SOL or generate other forms of income from the holdings.

Announcement and Rationale

Sigel, head of digital asset research at VanEck, announced the news on June 27 via the X platform. He highlighted that the new fund, named VanEck Solana Trust, aims to leverage the high utility and economic feasibility of the Solana blockchain. 

Sigel remarked, 

"We believe that the native token, SOL, functions similarly to other digital commodities like Bitcoin and Ether. It is used to pay transaction fees and computational services on the blockchain. Like Ether on the Ethereum network, SOL can be traded on digital asset platforms or used in peer-to-peer transactions."

Investment Product Expansion

This application signifies VanEck's continued efforts to expand its cryptocurrency investment products. The firm views SOL as a commodity despite the SEC's ongoing classification of similar assets as securities. The prospectus outlines that the ETF will reflect Solana's price performance by directly backing the Trust's shares with SOL tokens. VanEck plans to list the ETF on the Cboe BZX Exchange.

Broader Implications and Market Context

The filing follows the SEC's recent approval of 19b-4 applications from national exchanges, allowing them to list spot Ethereum ETFs. Although the S-1 statements for these Ethereum ETFs are still pending final approval, expert analysis suggests they could go live soon. This context raises questions about the SEC's potential stance on the Solana ETF.

Experts argue that denying a similar product for Solana would be challenging, given the existing presence of Bitcoin and Ethereum ETFs. 

In fact, according to a legal expert, if the SEC approves Ethereum ETFs, it would be challenging for the agency to deny approval for Solana ETFs, as they function in essentially the same manner from the SEC's perspective.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice. 

Many investors into cryptocurrencies are holding coins and tokens that are not appreciating in value. Promises and predictions have not come to fruition. Is it time to sell them, and what is the best indicator of an altcoin’s potential?

Holder pain to continue?

There are certain altcoins that were born in previous bull cycles that many investors, particularly retail investors, are still holding today, in the hope that somehow these altcoins will return to previous highs, where in all likelihood, this was at or near the price they were bought at initially.

An added problem is that some of these altcoin projects have managed to attract big communities, and within those communities there are plenty who would continue to try and influence the rest to hold firm, that future technological breakthroughs will see the altcoin return to, and surpass, previous all-time highs.

However, for whatever reason, whether it is outdated or slow technology, poor tokenomics, a centralised authority issuing too many tokens, or just an unworkable or unneeded use case, these altcoins will likely keep bleeding out against the US dollar, and other cryptocurrencies, and the pain for holders will just continue.

Of course, there is always the chance that some breakthrough could be made, whether that is in the tech, or whether that is with some huge deal with a big company or perhaps even with some government. But the longer a crypto project goes without creating significant revenue, or without attracting plenty of actual users to transact on its platform, the more unlikely a positive deal is to take place.

One of the best indicators 

So what is arguably one of the best indicators for evaluating whether your altcoin is worth keeping or not? Very simply, you compare its price action with that of Bitcoin. If your altcoin is in an uptrend against $BTC over a decent period of time, the chances are that this could continue. But if the trend is down, and your altcoin continues to lose value against $BTC what is the point in keeping it?

The incredibly liberating thing about comparing all altcoins to $BTC is that you will notice that very few of them are actually consistently outperforming the king of the cryptocurrencies since this bull market began in late 2022/early 2023.

Two charts that do not inspire confidence (and one that does)

Source: TradingView

Source: TradingView

The previous two charts do not exactly inspire confidence. $XRP (first chart) has been dragging along at a similar low price against BTC since 2114, and $ADA has been doing the same since 2018.

Source: TradingView

However, the chart above of $RNDR shows the opposite. An uptrend against $BTC is definitely in play, and has been since the beginning of 2023, although the price will need to be watched to see that the bounce from the 0.618 continues, and that the resistance is eventually broken.

Do not become wedded to your altcoins

The mistake many investors make is to become wedded to their altcoins. It has to be realised that all cryptocurrencies need to be constantly evaluated. If they are not up to the mark, i.e. they are not keeping up with Bitcoin, and unless there is a very good reason, this is arguably the time to get rid.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice. 

The Polkadot community is considering a proposal for a new bridge to enhance interoperability with Cardano, hoping to benefit both ecosystems by addressing current connectivity challenges.

New Bridge Under Discussion

The Polkadot community is exploring the potential for a bridge between the Polkadot and Cardano networks. Discussions are ongoing regarding the feasibility of this project. According to Felix, an agent within the Unifires ecosystem, a Cardano-Polkadot light client and NFT swap bridge are currently under development, and the proposal has already been submitted to Cardano for review. A similar proposal will soon be presented to OpenGov, Polkadot’s decentralized governance body.

Proposal and Potential Impact

Felix shared on the Polkadot Forum that the proposal if approved, could significantly benefit both ecosystems. The primary aim is to secure funding for a project that will address interoperability issues prevalent in the cryptocurrency sector. Blockchain bridges are crucial for resolving these challenges, and this initiative could provide substantial advantages for both Polkadot and Cardano.

Since their inception, Polkadot and Cardano, created by Ethereum co-founders Gavin Wood and Charles Hoskinson, have made significant technical advancements and seen user growth. This new interoperability effort is expected to further enhance the utility of both blockchains, especially with upcoming major upgrades set to transform their ecosystems.

Community Reaction

The initial community reaction to the proposal has been largely positive. Polkadot Head Ambassador Tommi Enenkel, also known as Alice and Bob, commented on the feasibility of building the bridge. 

Providing advice on how the bridge might be built, Enenkel advocated for the most direct method, saying, 

“For the Polkadot->Cardano direction, I believe the most straightforward approach would be to verify Beefy proofs on a contract on Cardano L1.”

Market Data

According to CoinMarketCap data, DOT is currently trading at approximately $5.71, reflecting a 1.26% decrease over the past 24 hours. ADA has dropped by 2.52% over the same period and is currently priced at around $0.379. The Polkadot community's active participation in governance is evident from the 91 referendums conducted in May, with 56 passed and 22 rejected. This level of involvement highlights the community's enthusiasm for OpenGov.

Related Developments

This proposed bridge follows the recent activation of SnowBridge, a Polkadot-Ethereum bridge, on June 20. SnowBridge uses first-party signatures from Polkadot and Ethereum validators, ensuring a transparent, permissionless, and auditable process. The first version of this bridge enables ERC20 asset transfers between the two networks, with multiple parachains and wallets expected to support it. 

SnowBridge is anticipated to increase interactions and introduce new assets from Ethereum to the Polkadot ecosystem. Future plans include enabling arbitrary messaging and potentially launching a liquidity program.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice. 

There are many ways to make money, but making money with money is the most efficient way to make money.

Finance is the industry of making money with money. However, finance and bubbles are like twin brothers. Where there are financial products, there are bubbles. In the eyes of ordinary people, bubbles are risks, so ordinary people always feel that finance is far away from them. For financial players, bubbles are opportunities. They will swim in bubbles and make a lot of money from them.

If you let people who are good at making money in bubbles work for you, do you have the ability to "make money with money"? Crypto enthusiasts' innovative business has made "making money with money" suitable for everyone (not just the rich). As long as you are willing, $100 can let Crypto enthusiasts help you start your "making money with money" journey.

Crypto Enthusiasts is the world's top cryptocurrency staking company, founded in November 2018 and headquartered in Fort Myers, FL, with more than 8 million members worldwide. Since its establishment, the company has been focusing on the cryptocurrency staking business. At present, the company not only has the world's most advanced encryption technology, but also deploys the world's most advanced validators and professional technical teams.

What is the innovative business of Crypto enthusiasts?

It is an innovative way to play cryptocurrency. That is, participants do not purchase any equipment, do not need professional knowledge or technology, but can pledge a certain amount of cryptocurrency through Crypto enthusiasts and participate in the ranks of cryptocurrency staking rewards. Crypto enthusiasts use professional financial means to deal with various risks such as cryptocurrency price fluctuations and the number of rewards, make money from the cryptocurrency staking world, and return it to participants with a fixed rate of return.

How does Crypto enthusiasts ensure the return rate of participants?

Crypto enthusiasts has obtained nearly US$3.8 billion in investment funds from more than 8 million people around the world through innovative crypto staking contracts. Enthusiasts is the world's strongest investment potential

Accepting the supervision of the US Financial Services Administration---FINRA, these funds are used by Crypto enthusiasts to deploy cryptocurrency staking technology, thus creating the world's largest crypto staking system of Crypto enthusiasts.

On June 21, 2024, based on the current total number of Ethereum staked of 33,215,233, our company's total staked amount is 1,162,600, accounting for about 3.5% of the total staked amount. Starting from May 17, 2023, the block input of Ethereum is about 30 seconds, that is, a new block can be generated every 15 seconds, and the reward for each new block is 2 Ethereum. The average reward of the validator = the validator's effective balance * [64/(4*the total number of Ethereum staked by all validators)].

Therefore, our company's average reward every 15 seconds on Ethereum = 1162600*[64/(4*33215233)]=1162600*0.00000048=0.558048

Average reward every 24 hours = 4*0.558048/minute*60 minutes*24 hours=3214.35648 (about $9756054)

This is the amazing speed at which Crypto enthusiasts make money every day. This is the guarantee of the return rate of participants.

This is the guarantee of participant rate of return.

How much does it cost for Crypto enthusiasts to help you make money with your money?

You can make money by registering. Because you will get $100 when you sign up, and you can also get 0.05 daily interest income by signing in every day.

2. Earn more by buying crypto contracts.

2. Buy crypto contracts to make more money. Crypto enthusiasts has launched a variety of pledged crypto contracts with a daily interest rate of up to 3%.

For example, the following contracts pay interest daily:

Free trial for liquidity staking

Staking Time 1 Days Capital Back Yes Daily Rewards $0.05 Staking Price 100.00$

Ethereum Liquidity Staking

Staking time 2 days Capital return Yes Daily reward $1.5 Total reward $3

Staking price 100.00$

VeChain Liquidity Staking

Staking time 3 days Return of principal Yes Daily reward 6 USD Total reward 18 USD Staking price 500$

Hedera Liquidity Staking

Staking period 7 days Return of principal Yes Daily reward 39 USD Total reward 273 USD Staking price 3000$

NEAR protocol liquidity pledge

Pledge period 14 days Capital return Yes Daily reward 81 USD Total reward 1134 USD

Pledge price 6000$

(The value of the pledge contract is different, the investment amount and period are different, and the income is also different. For more contracts, please log in to Crypto enthusiasts Official website)

Investment case: With an investment of $10,000, you can purchase a contract worth $10,000 for Cardano Liquidity Staking + 15-day period. The daily interest rate of this contract is 1.4%.After the purchase, the amount of passive income you can earn every day = $10,000*1.4%=$140.After 15 days, your principal and profit = $10,000 + $140*15 = $10,000 + $2,100 = $12,100

Want to earn more?

Crypto enthusiasts has another way to make money: the affiliate program.

Invite friends to Crypto enthusiasts to make money together, and you can get a cash reward of 3%-4.5% of their investment; if friends invite friends to invest, you can also get a cash reward of 1.5% of their investment.

For example, if you invite some friends to Crypto enthusiasts to make money, and they invest $300,000, then you will get a cash reward of $9,000. If your friend invites some people and they invest $100,000, you will also receive a cash reward of $1,500.

Warm reminder: Investment is risky, so be cautious when entering the market. Crypto enthusiasts' innovative business has been imitated by some companies after its launch, and even used to create scams. Please be careful to identify it.

If you want to participate in our money-making business, please operate through our official website https://itenthusiasts.com or download our mobile APP, download address: Google Play or Apple Store

Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.

 

BlockDAG is capturing headlines in the cryptocurrency realm with its revolutionary DAG-based technology, surpassing heavyweights like Kaspa. The project recently celebrated a significant milestone, securing $54.3 million in its presale, which has sparked both acclaim and debate. A popular YouTube video now provides an in-depth analysis of its whitepaper, adding weight to its credibility.

Amid these developments, the altcoin sector remains vibrant. Injective is experiencing substantial growth, marked by a sharp price increase, while Notcoin faces challenges despite robust community support.

Notcoin Faces an Unexpected 15% Decline

Notcoin, a popular meme coin and gaming platform on the TON blockchain, has recently suffered a surprising 15% drop in its market value. This downturn followed a positive announcement regarding the decentralization of its smart contract management. 

Nonetheless, the cap on NOT coins remains fixed at just over 102 billion, ensuring no further coins will be minted. The market showed a mixed response, with decreased trading volumes but continued strong support from its community, who view Notcoin as a resilient "community token."

Injective Surges, Breaking Key Resistance Levels

Injective has been on an upward trajectory, bolstered by favorable technical analysis that identifies it as an attractive investment opportunity. In the past year, Injective's price has skyrocketed by 300%, significantly benefiting long-term investors. Increased trading volumes suggest rising market interest. 

Although it is trading below its 200-day average, Injective has recently crossed the crucial $28 resistance point. This milestone is setting up expectations for a potential rise to $50 in the upcoming June bull market.

BlockDAG's Dominance Confirmed by Crypto Specialists

In a brief period, BlockDAG has climbed to the top of the presale charts, attracting significant investment and attention through its innovative DAG structure. This system allows for the processing of multiple blocks at once, greatly increasing transaction speeds and improving the efficiency and robustness of the network.

Despite some media skepticism, prominent figures in the crypto industry have endorsed the project. A trending video by Crypto Bull thoroughly examines BlockDAG's whitepaper, highlighting how its unique DAG setup addresses scalability issues inherent in traditional blockchain systems.

The launch of Team DOX has greatly increased investor confidence. With a successful $54.3 million from the presale and a goal of reaching $600 million, BlockDAG has drawn extensive global investment. The team's frequent updates and transparent roadmap reflect their ongoing dedication to growth and openness.

BlockDAG is also transforming the crypto mining scene by making it more accessible and rewarding, especially for newcomers. This approach helps build community engagement and loyalty, encouraging users to actively participate and spread their excitement for the platform.

Final Insights

As Injective climbs and Notcoin addresses its challenges, BlockDAG stands out with its impressive $54.3 million presale achievement and strong market potential. Endorsements from crypto analysts have verified BlockDAG as a credible presale, with forecasts suggesting it could reach a $30 valuation and outpace rivals like Kaspa. Currently positioned in batch 19 at $0.014, BlockDAG offers an excellent investment opportunity.

Read About BlockDAG:

Website: https://blockdag.network

Presale: https://purchase.blockdag.network

Telegram: https://t.me/blockDAGnetworkOfficial

Discord: https://discord.gg/Q7BxghMVyu

Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.

 

VanEck has filed an application for a Spot Solana ETF. This is on the heels of the already approved Spot Ethereum ETFs. With a predicted date for approval and then potential launch in mid-2025, what could the impact of this be on the price of $SOL?

The crypto markets are buzzing. A quite unexpected filing for a Spot Solana ETF from fund manager VanEck has rocked the market, causing retail investors and institutions to sit up and take notice.

Blinks disruptive payments technology

This positive news comes at a time when Solana is leading up to the rollout of its Firedance validation client later this year, and also has just implemented “Blinks”, which is an incredibly disruptive payments technology that allows anyone to embed a link on their business platform or even in a social media post, which can be used to make a transaction without leaving that platform.

The VanEck Solana ETF model

VanEck’s analysts Patrick Bush and Matthew Sigel have done their homework on Solana, and a model has been published on VanEck’s website giving the predicted base, bear, and bull cases for the valuation of Solana by 2030.

Source: VanEck Research

As can be seen from the chart taken from VanEck’s predictive research, the base case valuation of $SOL for 2030 is $335, bear case is $10, and bull case is $3,211.

YouTube Invest Answers model

Source: Invest Answers

YouTube crypto analyst James from the Invest Answers channel, has built his own model for the valuation of $SOL, but also using the predicted $15 billion inflow used by the VanEck model, and he uses 20x, 30x, and 50x multipliers which give a future price of $799, $1,123, and $1,772 respectively. The last most bullish prediction would give a potential return of nearly 1,100%.

$SOL is up around 900% since a year ago, and is the best performing of the top layer 1 cryptocurrencies over this period. Will Solana be able to integrate its Firedancer validator client, and will this lead to similar speeds to those experienced on the Nasdaq? Time will tell. But if Solana can manage the transition smoothly, there could be a lot more ROI coming to holders of $SOL in the future.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice. 

The short-term trends for the cryptocurrency markets look shaky, although the potential for relief remains. Bitcoin (BTC) is struggling to move past the $62,200 and $62,400 levels.

Bitcoin had started the week with a drop of 4.48%, facing intense selling pressure as bears pushed it to a low of $58,474 before buyers could push the price back above $60,000.

Bitcoin Spikes On Back On Trump-Biden Debate

Bitcoin has spiked by over 1%, buoyed by Republican presidential candidate Donald Trump widening the gap between himself and current president Joe Biden on the betting markets after the first presidential debate. Bitcoin was trading below $62,000 prior to the beginning of the debate before jumping above $62,000 as Biden and Trump answered the rapid-fire questions from CNN moderators.

Data from PredictIt, a prediction markets platform, showed that Trump’s odds of winning the presidency had increased, while Biden’s dropped after the debate when the president struggled through a few answers.

Bitcoin (BTC) Price Analysis

The Bitcoin (BTC) price dropped to $60,000 on Monday as sellers attempted to breach the level of support at $60,000. However, with bulls active at this level, BTC recovered on Tuesday, rising by 2.52% to $61,848. Selling pressure returned on Wednesday, as BTC dropped by 1.61%. However, sellers were unable to push BTC below $60,000 yet again. Thursday saw buyers push the price back above $61,000, with BTC rising to $61,691. However, the current session sees BTC back in the red as buyers and sellers look to establish control.

Source: TradingView

The Bitcoin price is facing several hurdles. As the price chart shows, it has been struggling to move above the $62,200 and $62,400 levels. BTC reached $64,458 on Tuesday before sellers pushed the price back down. The same scenario happened on Wednesday and Thursday as buyers attempted to push above these levels to $65,000. However, with sellers vigorously defending this level, the price fell back each time. The current session saw BTC push above $62,000 before dropping back.

So, could BTC see another decline? The next critical level of resistance for BTC is at $62,500. If buyers can push the asset above this level, we can see a move towards $65,000, the next critical level of resistance. A key level of support for BTC sits at $60,000. If bearish sentiment returns, we could see an immediate drop to this level. Any further selling pressure could push BTC towards $58,000.

Ethereum (ETH) Price Analysis

The Ethereum (ETH) price has endured a significant correction since the beginning of June. ETH dropped to $3,352 on Monday after facing considerable selling pressure as bears looked to push the price toward $3,000, as can be seen in the price chart. However, buyers were active at this level and pushed the price back above the critical level of $3,350. Following this drop, ETH has made a strong recovery, with the price pushing towards $3,500 and wiping out previous losses.

Source: TradingView

ETH registered an increase of 1.28% on Tuesday, settling just short of the $3,400 mark. Wednesday saw bearish sentiment return, with ETH dropping as low as $3,328. However, sellers were able to push ETH back above $3,350, as it settled at $3,369. Thursday registered yet another strong showing for ETH, with an increase of 2.34% and moving to $3,448. The current session sees buyers looking to push ETH above $3,500. However, sellers are aggressively defending the level.

If ETH is able to push above $3,500, we could see a surge to $3,700 if bullish momentum sustains. An uptick also means that there is significant demand present near its support level of $3,350. If sellers push ETH lower, we can see the price stabilize at this level thanks to strong buying demand.

Binance Coin (BNB) Price Analysis

Binance Coin (BNB) began the week in the red, facing considerable selling pressure as bears looked to push the price below $550. However, buyers were able to push back in the face of weakening bearish momentum, pushing BNB back above the critical support level of $560. BNB eventually ended Monday at $568. Tuesday saw buyers continue to push the price higher, with the cryptocurrency registering an increase of 1.78% and moving to $578. BNB attempted to move towards $600 on Wednesday, but with selling pressure at this level, the price dropped by almost 1% to $572.

Source: TradingView

Buyers were back in control on Thursday despite sellers attempting to push BNB below $560, with the cryptocurrency registering an increase of 1.47% to settle at $581. As we can see from BNB’s price movements, buyers are aggressively defending the $560 support level, while sellers are making their presence felt at $600, a strong level of resistance. If BNB can move past $600, we could see a move towards the $650-$700 zone. However, should bearish sentiment prevail, we will see a quick downturn, with BNB dropping to its support level of $560. Should sellers manage to breach this level of resistance, we could see a considerable drop, with BNB dropping below $500. In such a scenario, BNB could drop to $470, where the 200-day SMA could act as a dynamic level of support and stabilize the price. 

Solana (SOL) Price Analysis

Solana (SOL) registered a sharp jump on Thursday, rising by 9.39%. The surge comes as the broader cryptocurrency market recovers despite fears of selling pressure that could stem from the selling pressure that could potentially arise with Mt. Gox’s repayment to creditors. SOL hit an intraday low of $122 on Monday. However, it was able to make a strong recovery and ended the day at $132.33, an increase of 2.88%. Tuesday saw buyers continue to dominate as SOL resumed its upward trajectory. This time, SOL was able to surge past the 200-day SMA, flipping it and settling above $130 at $136.59 after an increase of 4.26%.

Source: TradingView

Wednesday saw a tussle between buyers and sellers and some significant price fluctuations. Buyers attempted to push SOL towards $150 but could not, as sellers were defending this zone. On their part, sellers attempted to drive SOL below $130 and the 200-day SMA. However, with considerable buying pressure at this level, they were unsuccessful. The bearish resistance was broken on Thursday as SOL surged by over 9%, driven by VanEck’s SOL spot ETF filing. SOL surged to $149.62 but was unable to move past $50. The current session sees SOL down by just over 3%, with sellers in control of the market.

If the bearish sentiment continues, SOL could drop to $140, and a further decline from this level could cause the price to drop back to the crucial $130 support level. However, if SOL recovers, we could see buyers push the price back above $150. A close above this level could see a surge towards $170.

Toncoin (TON) Price Analysis

Toncoin (TON) has been one of the standout performers in the crypto markets, having gained a staggering 450% over the past year. TON set an all-time high on June 15 and faced some bearish pressure after that, dropping to $6.91 by June 19. However, it has resumed its upward trajectory. As we can see from the price chart, an ascending trendline indicates a bullish trend for the mid-term. After its support level at $7 held, TON has registered significant bullish momentum, with the price rising above the 20-day SMA on Sunday and settling at $7.51.

Monday and Tuesday saw bearish sentiment return to the market, with TON facing considerable selling pressure on Tuesday as sellers attempted to push the price below $7. However, buyers were able to prop up the price, with TON settling just shy of $7.50. On Wednesday, TON was able to go past $7.50, a crucial level of resistance, registering an increase of 2.22% to move to $7.63. Thursday saw TON continue its upward trajectory, with the price moving to $7.80, as buyers look to push the price past $8. However, with the expected selling pressure at this level, TON is down by almost 2% during the current session.

Source: TradingView

So what’s next for TON? If selling pressure increases during the ongoing session, we could see a drop back to $7.50, where the price has support. However, if the price is able to consolidate at its current level, buyers could renew their attempts to push TON above $8. A close above this level could allow the price to test its all-time high and potentially set a new one.

Avalanche (AVAX) Price Analysis

Avalanche (AVAX) dropped below a crucial level on June 17, slipping below $30 and dropping to $26.60 on June 18. Buyers attempted a relief rally but could not sustain it, with bearish sentiment pushing the price down again. By Sunday, AVAX had dropped to $25. The price found support at this level, and with buyers entering the market, AVAX was back in the green on Tuesday after a marginal drop on Monday. Tuesday saw buyers push the price back above $25, with AVAX settling at $25.41 after an increase of 2.43%.

Source: TradingView 

Bullish sentiment gathered momentum on Wednesday, with AVAX rising to $25.80 before a jump of over 8% on Thursday pushed the price to $27.91. AVAX faces resistance between $28 and $28.50, with the 20-day SMA acting as a dynamic level of resistance. If AVAX is able to overcome this level, it could rally towards $30. The next crucial resistance lies at $33, where the 50-day SMA is present. A reversal and the return of bearish sentiment could drive AVAX down to its support level at $25.

Chainlink (LINK) Price Analysis

Chainlink (LINK) has managed to reverse a bearish pattern that had seen the asset on a downward trajectory since the beginning of the month. LINK lost a crucial level of support when it slipped below $15 on June 14. The price continued to drop, reaching $13.19 on Sunday (June 23). Thanks to this bearish trajectory, LINK is trading below the 20, 50, and 200-day SMAs. A breakout in either direction could lead to a significant rally or correction. To understand future price movements, we must analyze specific price levels.

Source: TradingView

Currently, LINK is trading at $14.17, with the 20-day SMA acting as resistance at $14.50. A breakout above this level could see LINK push towards $15.50. Subsequent resistance levels are present at $15.70 and $16.50. If the price is able to consolidate above the 20-day SMA, we could see a push towards these levels. If the opposite happens, LINK could register a significant drop and fall to its support level of $13. LINK could find considerable support at this level, preventing any further price drops.

Litecoin (LTC) Price Analysis

Litecoin (LTC) recently hit its lowest levels since February, despite large purchases by whales. However, the increase in whale activity could point to potential accumulation before a significant price increase. Whale activity has seen a noticeable uptick in June. LTC saw some consolidation around the $75 mark last week. However, the current week saw the return of bearish sentiment, with the price dropping by 5% to $69.70. Sellers attempted to push the price lower, but with buyers defending this level of support, bearish pressure waned. Buyers were able to reverse the bearish sentiment on Tuesday as LTC climbed back above $70 to settle at $71.39.

Source: TradingView

Wednesday saw a marginal drop, with LTC managing to stay above $70, with buyers regaining control of the market on Thursday and pushing the price up by over 3% to $73.25. The current session sees LTC marginally down, with the price sitting at $73. Regarding future price movements, we need to look at two levels: $70 and $75. For sustained bullish momentum, LTC must move past the 20-day SMA. If it is able to do so, we could see a rally towards $80.

Should sellers prevail, LTC could drop to its support level of $70, with buyers expected to enter at this point. However, should sellers overwhelm this level of support, LTC could drop to $60.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

PlayDoge (PLAY) has emerged as one of the hottest commodities in the GameFi arena, following in the footsteps of Notcoin and Hamster Kombat. 

PLAY has now raised over $5 million during its token ICO, a sign of its high upside potential.  

Experts are already signalling that PlayDoge could be the next big crypto game - potentially even the next Hamster Kombat - thanks to its beginner-friendly, Tamagotchi-style gameplay.

PlayDoge Crypto Game - When Doge Meets Tamagotchi

The importance of narrative trading cannot be denied during a bull market. 

Take, for instance, XRP. Despite Ripple securing major landmark victories over the SEC, XRP remains one of the most underperforming large-cap cryptocurrencies.

On the contrary, GameFi tokens such as Notcoin, AI coins like Fetch.ai and meme coins such as Dogwifhat have seen tremendous success, turning several small-scale investors into millionaires. 

PlayDoge sits at the confluence of two of the most in-demand narratives - GameFi and meme coins. It combines the prominence of Doge with the nostalgia of Tamagotchi, the virtual pet toy that became all the hype in the 90s with 80 million copies sold. 

Similar to Notcoin and Hamster Kombat - which became popular owing to their simple tap-to-earn concept - PlayDoge has kept the gameplay intuitive and beginner-friendly. Think of it as a modernized version of Tamagotchi, with improved specs and a smartphone application. 

Just like in Tamagotchi, players get to own Doge as their own virtual companion. However, they cannot be negligent about feeding, training and playing with their pet or watch it run off to a different house or die. 

Players can also complete 2D retro games - similar to 8-bit side-scrollers - in order to earn free crypto as well as experience points. A public leaderboard will track all players’ experience points, with the toppers earning bonus PLAY rewards. 

If this isn’t enough, players and investors can also earn staking rewards, starting as early as the presale itself. 

Could PLAY Be The Next Hamster Kombat?

Hamster Kombat’s native token - HMSTR - is set to hit exchanges in July and is expected to witness tremendous growth, similar to Notcoin.

Unsurprisingly, investors will search for the next Hamster Kombat after its IEO and PlayDoge could be one of the top choices for P2E crypto game fans. 

As such, smart money investors are bullish on PLAY’s upside potential. Popular YouTube trading expert Crypto Boy hinted at PlayDoge being the next 100x crypto. Interestingly, this video was made when PLAY had raised only $3.5 million in its ICO and has since added $1.5 million more. 

Another crypto analyst Jacob Bury gave a more conservative 10x price prediction for PlayDoge. However, he did call it possibly the best play-to-earn token to buy now. 

How To Buy $PLAY At ICO

If PlayDoge indeed turns out to be the next Hamster Kombat, ICO buyers will be the ones to earn the maximum benefits.

Interested investors can visit PlayDoge’s website and connect their crypto wallets using the over-the-counter widget. $PLAY is a multi-chain token - live both on Ethereum and the BNB Smart Chain. This means that buyers can swap either ETH or BNB as well as USDT to buy the meme coin. 

It’s also possible to use a bank card. 

As previously mentioned, PlayDoge offers lucrative staking rewards on both chains. However, the reward rate for the two is different and continues to decrease. Investors can visit the staking dashboard to check out the yield percentage on both chains and stake their holdings. 

The PlayDoge developer team remains active in finding new ways to build a larger, more engaged community. 

Investors can follow the PlayDoge X or Telegram accounts to keep up with the latest updates on this upcoming crypto game.

Visit PlayDoge ICO

Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.

Crypto presales offer investors a chance to acquire new cryptocurrencies at reduced prices before they hit the market. Though it carries some risk, choosing the right cryptocurrency can yield substantial profits.

In this article, we've highlighted some of the most promising crypto presales with potential for market success. If you're looking to expand your portfolio with promising presale cryptos, be sure to read through to the end.

8+ Best Crypto Presales - Brief List

Here is the brief list of the best crypto presales to join now:

Memereum (MEME) - Overall the best crypto presale, sold over 1M tokens in just a few hours.

BlockDag (BDAG) - Advanced layer 1 blockchain for crypto.

Sealana (SEAL) - Seal-themed Solana meme coin.

PlayDoge (PLAY) - Doge-inspired meme coin.

WienerAI (WAI) - AI-based meme coin with trading utility.

Pepe Unchained (PEPU) - Prison-themed PEPE.

5THScape (5SCAPE) - AR and VR ecosystem.

BaseDawgz (DAWGZ) - Base multi-chain meme coin.

MegaDice (DICE) - Casino token with exclusive benefits.

99Bitcoins (99BTC) - Learn-to-earn token.

Best Crypto Presales - Full Review

The following are our detailed reviews of the best presale cryptos to participate in right now:

Memereum (MEME) - Overall The Best Crypto Presale, Sold Over 1M Tokens In Just A Few Hours.

Memereum - stands out with its first insured DEX, called MemeSwap that makes Memereum different to other tokens. This innovative insured DEX will reshape the crypto industry.

The Memereum presale, which has sold over 1M tokens in hours, is positioned to stand out in the crypto space, thanks to its 183% automatic staking, ingenious tokenomics and groundbreaking features.

Memereum is attracting significant attention for several compelling reasons. It is the first insured DEX, a groundbreaking feature that ensures safe trading. 

Additionally, it is pre-listed on four exchanges: Azbit, TooBit, Vindax, and Bitvenus. 

What makes Memereum even more appealing is its price increase mechanism during the presale, where the price rises every 72 hours, rewarding early adopters with the best deals. 

As of the time of writing, Memereum nears 25M total tokens sold on its presale.

Take advantage of the presale before it gets sold out.

Follow Memereum on X.

Buy Memereum

BlockDag (BDAG) - Advanced Layer 1 Blockchain For Crypto.

BlockDag is another presale cryptocurrency expected to make a significant impact during the ongoing bull run. With the power to mine from anywhere, BlockDAG makes crypto mining simple, for everyone.

It is built on (PoW) algorithm that delivers industry-leading speeds, unbeatable security, and high decentralization. Built for the future, BlockDAG can power everyday applications to enterprise-grade DeFi protocols.

BlockDag offers three mining options. The BlockDAG X10, perfect for beginners, can mine 200 BDAG coins daily. The X30 mines 600 coins a day while the X100, can mine up to 2,000 BDAG coins daily, best for high returns and enterprise-scale operations.

Follow BlockDag on X.

Buy BlockDag

Sealana (SEAL) - Seal-Themed Solana Meme Coin

Sealana is another presale crypto that has been tipped to turn up the storm amid the prevailing meme coin craze. Although its utility is yet to be known, Sealana has already won the hearts of many investors with its exciting seal-themed mascot.

Built on Solana, a blockchain that's renowned for its speed and low cost, Sealana appeals to degen investors looking for the next big thing in the bustling meme coin sphere. By featuring a chubby seal character that's obsessed with finding potential market opportunities on Solana while abandoning its youthful svelte figure, Sealana’s mascot presents a mixture of humor and culture. 

Beyond its awesome theme, Sealana has also enhanced its market appeal by embracing a streamlined presale approach. While it is possible to buy SEAL using the presale widget provided on its website, investors can also send SOL directly to a designated wallet address provided by the project.

This “send-to-wallet” approach bypasses all the complexities that come with traditional presales, giving investors greater control over their transactions. However, it must be emphasized that this model only supports SOL. Therefore, those willing to buy SEAL with bank cards, USDT, USDC, BNB, and ETH can use the widget functionality. 

Follow Sealana on X.

Buy Sealana

PlayDoge (PLAY) - Doge-Inspired Meme Coin.

With the global video game market expected to reach $665 billion by 2033, PlayDoge has emerged as a standout investment opportunity for those seeking to cement their financial future with presale cryptos. 

Built on the Binance Smart Chain, PlayDoge taps into the capabilities of two of the most popular niches in the crypto world - memes and P2E. In essence, PlayDoge describes itself as a mobile first-game that incorporates the iconic Tamagotchi virtual pet into the gaming sector of the crypto economy.

Deriving inspiration from FLOKI and other P2E cryptos that have performed brilliantly in recent months, Playdoge has started to prove that it is more than just a meme coin offering. 

Adding to its investment appeal is its staking feature. Not less than 6% of the token’s total supply has been allocated to incentivizing early movers through staking rewards. More so, the project has a well-detailed roadmap that clearly explains its future plans, thereby contributing to its market credibility. 

While sharing similar aesthetics with Dogecoin, PlayDoge has been tipped to outperform the meme coin king due to its P2E utility. Considering its presence on the Binance Smart Chain, it won't be surprising to see PLAY get listed on Binance at the end of its presale.

Follow PlayDoge on X.

Buy PlayDoge

WeinerAI (WAI) - AI-Based Meme Coin With Trading Utility.

Launching its presale with a splash, WienerAI has quickly become a standout among new meme coins, promising substantial gains for early investors. The project has already amassed nearly $3 million, driven by its unique doge-inspired charm and AI foundation.

WienerAI tells the imaginative story of an architect in 2132 crafting the world's greatest AI. Amidst this process, an unexpected accident occurs, where a batch of sausages accidentally gets mixed into the vat where the AI is being developed.

In line with its vision, WienerAI is launching what it describes as the world’s most powerful bot which will serve as investors’ ticket to enjoying better trading. Leveraging its AI capabilities, the trading bot will provide accurate information that can help traders spot high-potential opportunities in the market. 

Currently priced at just $0.00071, WienerAI is one of the most affordable cryptocurrencies with a promising outlook. By purchasing tokens in its ongoing presale, investors can also stake them to potentially enhance their returns.

Follow WeinerAI on X.

Buy WeinerAI

PepeUnchained (PEPU) - Prison-Themed PEPE.

Pepe Unchained is a Layer 2 blockchain designed for meme coin enthusiasts, offering unparalleled speed and low transaction fees. It features transactions that are 100 times faster than Ethereum and enables instant bridging between ETH and Pepe Chain. By staking $PEPU tokens, users can earn substantial rewards and engage with a dynamic ecosystem.

Pepe Unchained’s dedicated block explorer and lower fees make it a compelling choice in the presale market.

With new memecoins launching daily, identifying those with the potential to increase in value by 10x or even 100x can be challenging. One effective strategy is to assess the project's initial popularity and demand.

From this standpoint, Pepe Unchained could experience significant gains after its launch, making it a worthwhile investment for both meme coin enthusiasts and prospective investors.

Follow PepeUnchained on X.

Buy PepeUnchained

5THScape (5SCAPE) - AR And VR Ecosystem.

The 5thScape Project seeks to develop a complete VR and AR ecosystem, integrating hardware, software, and content.

Its goal is to create seamless connections between these components and build a community-driven platform for the future of immersive realities.

5SCAPE is the utility token powering the 5thScape ecosystem. Token holders gain exclusive access to premium VR content, including games, experiences, and special features within the platform. Additionally, 5thScape incorporates a Play-to-Earn (P2E) mechanism, where players are rewarded with 5SCAPE tokens for their participation. These tokens can be traded once they are listed.

Moreover, the project intends to introduce staking opportunities, allowing users to lock up their tokens for a set period to earn rewards. This staking mechanism will provide an additional avenue for users to benefit from holding 5SCAPE tokens, further enhancing the value and utility of the token within the 5thScape ecosystem.

Follow 5THScape on X.

Buy 5THScape

BaseDawgz (DAWGZ) - Base Multi-Chain Meme Coin.

BaseDawgz is a new multi-chain meme coin and one of the top crypto presales to consider. Although it originates on the Base blockchain, $DAWGZ leverages Wormhole and Portal Bridge to easily move across multiple blockchains. 

This enables the token to connect with robust meme coin communities on platforms such as Solana, Ethereum, Avalanche, and Binance.

The $DAWGZ token primarily resides on the Base Chain, but what truly sets it apart is its ability to traverse across multiple blockchains. You can effortlessly claim, store, and trade $DAWGZ on Ethereum, Solana, BSC, and Avalanche. It's like a base jump through blockchains, allowing you to land wherever you choose.

Follow BaseDawgz on X.

Buy BaseDawgz

MegaDice (DICE) - Casino Token With Exclusive Benefits.

Mega Dice made a significant impact in the crypto community with the successful launch of its community token, DICE. Despite its recent debut, DICE has already demonstrated its potential to generate wealth for those who believe in the burgeoning online casino industry.

Unlike traditional staking models that promote long-term holding, Mega Dice has opted for a unique approach. It rewards early adopters based on the performance of the casino itself. This means that as the casino expands, token holders receive daily rewards tied to its growth.

Similar to numerous other projects, the current DICE presale is structured across multiple stages, ensuring ample opportunities for interested individuals to acquire the token. As of the latest update, DICE has garnered over $1.2 million from investors. Priced at $0.075 per token, investors can purchase DICE using prominent cryptocurrencies such as SOL, BNB, and ETH, and are eligible to receive a 10% presale bonus.

Follow MegaDice on X.

Buy MegaDice

99Bitcoins (99BTC) - Learn-To-Earn Token.

99Bitcoins is widely recognized for its dedication to simplifying the crypto and blockchain realms, particularly for newcomers. With a YouTube channel boasting over 700k subscribers, the platform has successfully cultivated a community of crypto enthusiasts.

Having solidified its position as a leading crypto education hub, 99Bitcoins is now advancing towards an L2E model, driven by its newly introduced token, 99BTC.

Through its current presale, investors have the opportunity to become significant stakeholders in 99Bitcoins prior to its anticipated market success. Apart from providing holders exclusive access to advanced trading courses and signals, 99Bitcoins also includes staking rewards designed to deter immediate selling.

Follow 99Bitcoins on X.

Buy 99Bitcoins

Final Words

In this article, we have introduced ten presale cryptos that have the potential to create massive returns in the coming months. They include Memereum, BlockDag, Sealana, PlayDoge, WienerAI, PepeUnchained, 5THScape, BaseDawgz, Mega Dice and 99Bitcoins.

Our top pick is Memereum, the first blockchain insurance with excellent features, including its innovative insured DEX, MemeSwap. While still at the early stage of its development, Memereum has demonstrated its potential to be the next big thing in crypto space.

Buy Memereum

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice. 

 

With the rise of cryptocurrency, more and more investors hope to obtain stable returns through mining. However, the high hardware costs and complex technical requirements make personal mining difficult. Fortunately, the emergence of the KK Miner platform has completely changed this situation.

What is KK Miner?

KK Miner is a leading cloud mining platform that simplifies the mining process by distributing it to the cloud. Users do not need to purchase expensive hardware or worry about technical maintenance. With just a few simple steps, they can start mining mainstream cryptocurrencies such as Bitcoin and Ethereum to increase their wealth.

Why choose KK Miner?

1. High-performance mining machines and stable hash rate

KK Miner provides top-level mining machines and stable and efficient computing power. Users can enjoy efficient mining services through the platform without worrying about equipment failures, computing power fluctuations and other issues.

2. Low entry threshold and flexible investment

Whether you are a cryptocurrency novice or an experienced investor, KK Miner provides flexible investment options. You can choose different computing power packages according to your budget and needs and easily enter the mining market.

3. Transparent income and real-time monitoring

KK Miner's income calculation is transparent and real-time monitoring allows you to check the mining progress and income at any time to ensure that every penny is spent wisely.

4. Security and professional support

The platform adopts advanced security measures to protect user accounts and data. In addition, our professional team provides 24-hour technical support to solve any problems you encounter during the mining process.

How to start using KK Miner?

Step 1: Register an account

Visit the KK Miner website and register a new account using your email. The registration process is quick and easy and only takes a few minutes to complete.

KK mining machine has the following multiple advantages

Welcome bonus: Get $10 cash for free mining after registration (free profit of $0.5 per day)

Value-added services: high profit level, zero additional fees, high-quality management services

Multiple options: Can generate 6+ other currencies including Bitcoin and Litecoin

Safe and reliable: all transactions are safe, funds are stored in cold wallets, and the security is high

Highly flexible: you can increase or decrease the rented computing power at any time according to your needs, and flexibly adjust the mining strategy

Affiliate program: This program allows you to earn 3-4.5% referral bonus and more than $5,000 in monthly salary

Easy to manage: users do not need to worry about the maintenance and management of the mining machine, and can start using it after purchasing the contract

Professional support: professional customer service is on call at any time, 24/7 to solve any problems for you

Step 2: Select a contract computing power package

After logging in, browse the contract computing power packages and choose the investment plan that best suits you. Whether it is short-term investment or long-term returns, we have corresponding plans for you to choose from.

Participating in the following contracts will increase your passive investment income:

Contract Price

Contract Terms

Fixed Rate

Fixed Return

$10 

1day

5%

$10+$0.5

$100 

2day 

    3%

$100+$6

$500 

5day

1.2%

$500+$30

$1500 

10day

1.3%

$1500+$195

$3000 

15day

1.41%

$3000+$634.5

$5000

20day

1.49%

$5000+$1490

Step 3: Start mining

After purchasing the contract computing power, the system will automatically start mining. You can log in at any time to check the mining progress and income. The platform provides detailed profit reports and real-time monitoring, allowing you to control every penny of income.

Join KK Miner now and start your cryptocurrency wealth journey!

KK Miner is not only a mining platform, but also a reliable assistant for your wealth growth. Register now to enjoy exclusive offers for new users and explore the infinite possibilities of cryptocurrency!

About KK Miner

KK Miner is one of the earliest companies in the world to provide cloud mining services. It was founded in September 2016 and is headquartered in the UK. After years of development, it currently has 57 mining farms around the world, with members in more than 157 countries and regions, and is trusted by more than 5.7 million users worldwide. We believe that everyone should benefit from cloud mining and become a leader in the cloud mining industry.

 

To learn more about KK Miner and start cloud mining, visit its official website: https://kkminer.com/ or (click to download the APP)

 

Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.

BlockDAG capitalizes on a directed acyclic graph (DAG) for unmatched transaction speeds and scalability, showcasing its technological dominance. As the BlockDAG presale reaches its 18th batch, the excitement is palpable, with the coin’s value soaring to $0.0122. Since the inception of Batch 1, the coin has surged a remarkable 1120% in value.

With the coin’s value projected to reach $30 by 2030, early investors could witness their portfolios swell to $15 million. Driven by strategic marketing and continuous advancements, BlockDAG's momentum in the crypto presale arena is accelerating. Still, potential investors may question whether BlockDAG really lives up to its remarkable hype.

Can BlockDAG be Trusted?

BlockDAG's dedication to transparency and trust, along with a well-defined roadmap, underscores its legitimacy. The founders have intentionally designed the project to reward early supporters and foster a dynamic community. By locking away 990,000,000 coins for the BlockDAG team—1% of the total supply—they demonstrate a commitment to fairness and long-term contribution, establishing BlockDAG as a reliable and promising project in the cryptocurrency field.

Is Investing in BlockDAG the Right Decision?

Choosing to invest in BlockDAG is considered prudent due to its pioneering use of DAG technology, which not only enhances transaction speeds to 10,000-15,000 TPS but also boosts scalability. Its energy-efficient consensus mechanism offers an environmentally friendly alternative to traditional PoW models. Additionally, its robust privacy features attract users who value security and privacy. With ongoing developments and regular updates, BlockDAG is constantly refining its functionality and reach. Strategic marketing efforts in major cities like London, Tokyo, Las Vegas, and at the Moonly Keynote have increased its global visibility and adoption.

What is BlockDAG’s Potential Value?

The relentless development and strategic marketing efforts of BlockDAG have propelled its market position. This has enhanced BlockDAG's potential to achieve a 30,000x ROI. As of Batch 18, the coin’s value has reached $0.0122, showcasing an impressive journey thus far. With future projections placing the coin at $10 by 2025, $20 by 2027, and $30 by 2030, BlockDAG is setting the stage to become a major player in the crypto future.

Is BlockDAG a Solid Investment?

BlockDAG has proven to be a formidable investment, with early investors seeing significant gains even during the presale phase. The coin’s value has escalated from $0.001 in Batch 1 to $0.0122 in Batch 18, marking an 1120% increase. With $60 million raised in presales and daily presales surpassing $500K, these figures support the forecasts that the coin could reach $30 by 2030. An initial investment of $500 in the first batch could potentially grow to $15 million by 2030, illustrating BlockDAG's considerable investment appeal.

Exploring the Promising Future of BlockDAG: What Lies Ahead?

The future for BlockDAG appears bright, with its strategic roadmap indicating significant advancements in the crypto market. The upcoming mainnet launch, now scheduled four months earlier, marks a crucial shift in the crypto landscape, accelerated by increased interest in the project. The mid-August testnet aims to rectify any issues. Moreover, the presale is on track to hit $100M before the mainnet launch, highlighting BlockDAG’s potential for future success and market leadership.

BlockDAG: Pioneering the Future of Crypto Presales

BlockDAG’s path in the crypto presale world is truly groundbreaking. With an astounding 1120% increase in coin value from Batch 1 to Batch 18, its presale achievements reflect a transformative shift in the perception of digital currencies. Its strategic roadmap emphasizes its strong potential and leadership, aiming for a projected $100 million in funds before the mainnet launch. As BlockDAG continues to innovate and push boundaries, its notable progress tells an inspiring story of growth and opportunity in the cryptocurrency market.

Join BlockDAG Presale Now:

Website: https://blockdag.network

Presale: https://purchase.blockdag.network

Telegram: https://t.me/blockDAGnetworkOfficial

Discord: https://discord.gg/Q7BxghMVyu

 

Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.

With the approval of the US ETF and strong buying by investment banks such as Morgan Stanley and Rockefeller, not only has the price of Bitcoin soared, but it has also successfully transformed into a currency recognized and supported by the US government, which gives Bitcoin investors full confidence.

Anyone with investment experience knows that although it is possible to make money quickly through financial means, this requires extremely rich knowledge reserves and market experience, and not everyone can get started. Especially Bitcoin, which is so volatile, is an investment target that all major capitals are scrambling to buy. As the world's largest Bitcoin miner, KK Miner is committed to deploying the world's leading computing facilities (accounting for about 3.5% of the global Bitcoin computing power) and mining algorithms, and is also actively contributing to promoting more people to participate in Bitcoin investment and stabilizing the Bitcoin investment environment.

Recently, KK Miner has developed a "one-click investment" business for Bitcoin mining through model innovation. Through this business, KK Miner can deploy greater computing power, maintain its leading position in global computing power, and ensure that the company's overall revenue can remain high after the Bitcoin halving event; it can also greatly reduce the amount of funds, knowledge reserves, and investment experience required for everyone to participate in Bitcoin investment. This will be the most noteworthy feat for investors in 2024.

What is KK Miner’s “One-Click Investment” business?

This is an investment project in which investors participate in Bitcoin mining by purchasing computing power contracts. In order to facilitate investors, KK Miner has added a "one-click purchase" function to the computing power contract, which is extremely simple and convenient to operate. When the contract is successfully purchased, investors only need to wait for the contract to expire to get back the principal and income.

Since the halving event is imminent, the merger and acquisition of Bitcoin miners will inevitably occur after the halving event. Therefore, in order to take the lead in the merger and acquisition adjustment and ensure more advantages, KK Mining Machine has decided to provide generous benefits to participants who join the "One-click Investment". The specific performance is as follows:

You can make money just by registering, because you will get $10 for free when you register. You can also get $0.5 interest income every day by using this $10 to buy contracts.

Purchasing contracts can bring higher returns. KK Mining Machine has launched a variety of computing power contracts with a daily interest rate of up to 5%.

For example, the following contract pays interest daily:

The computing power value of the contract is different, the investment amount and term are different, and the income is also different (please log in to the official website of kkminer.com to view more contracts)

Want to earn more?

KK Miner has another way to make money: Affiliate Program.

Invite your friends to make money in KK Miner, and you can get a cash reward of 3% of their investment amount

If your friends invite their friends to invest again, you can also get a cash reward of 1.5% of their investment amount.

For example, if your invited friends make money on KK Miner and they invest $30,000, you will get a cash reward of $900. If your friend also invites others and they invest $30,000, you will also get a cash reward of $450.

KK Miner is your trusted partner in the world of cryptocurrency. Join now and start making money today! If you want to learn more, please visit the official website https://www.kkminer.com or (click APP to download the application)

 

Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.

A mysterious Bitcoin donor has stepped in to pay the debt accrued by Julian Assange in private airline bills following his release after over a decade of legal troubles and imprisonment. 

Forced To Take Private Jet

After being forced to take private jets following his release, a mysterious Bitcoin donor stepped in to take care of Assange’s transportation costs. 

Julian Assange, co-founder of WikiLeaks, has regained freedom from a Belmarsh prison in the UK after nearly 12 years of legal battles and confinement. His release on June 24, 2024, followed a settlement with the United States Justice Department, ending his prolonged legal ordeal. However, Assange’s release came with a substantial debt of approximately $520,000, primarily due to the costs associated with his travel arrangements.

Financial Burden and Fundraising Efforts

Assange's wife, Stella Assange, launched a crowdfunding campaign to cover the high costs of a "forced" charter flight to the U.S. court in Saipan, a U.S. territory in the Mariana Islands, and then eventually to his home in Australia. This expense was necessitated by the restrictions that prevented Assange from using commercial airlines or standard travel routes due to security and legal concerns. Stella Assange highlighted the financial burden with the statement, “Freedom comes at a cost.”

To facilitate the fundraising, Assange's brother established a BTCPay POS, which allows for both on-chain and Lightning Network donations. Supporters also sought a direct Bitcoin address to contribute, overcoming previous limitations of traditional donation platforms.

Anonymous Bitcoin Donation

In an unexpected turn, an anonymous donor contributed 8 BTC, equivalent to $520,000, to nearly cover the entire financial goal. This significant donation came just ten hours after the fundraising appeal was made public. Additional contributions in British pounds raised over $380,000, ensuring that Julian Assange could reunite with his family without financial encumbrances.

The former Australian editor had previously also received financial support through crypto when the “Censored” NFT collection was launched in 2022 to raise funds for his legal trial. 

Speculations and Impact

The anonymity of the Bitcoin donor has sparked widespread speculation, with some suggesting high-profile individuals like Andrew Tate could be behind the generous contribution. However, that is only speculation, as no verifiable information has surfaced to confirm the identity of the donor.

The Bitcoin donation not only alleviated Assange’s immediate financial pressures but also highlighted the growing role of cryptocurrency in providing alternative financial support outside traditional systems by facilitating swift transactions worldwide.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice. 

Web3 infrastructure project Synternet has launched its mainnet data layer on Cosmos and commenced the next phase of its roadmap. It’s also introduced new use cases for the $SYNT token, whose functionality has been significantly expanded following the mainnet launch.

Synternet is at the vanguard of the movement to make web3 data as fast and reliable as that available on the traditional web but without introducing centralization. To achieve this, it’s had to design and deploy a custom network that is fast, responsive, and powered by a token that can support a two-sided marketplace between data publishers and subscribers. Despite its network operating on Cosmos, Synternet supports every major blockchain. 

Web3 Gets the Data Delivery It Deserves

Blockchains are not designed to store large amounts of data efficiently. Storing extensive data onchain can lead to bloat, increasing the size of the blockchain and making it more difficult for nodes to sync. The solution to this challenge has been to engineer dedicated data delivery chains that are optimized for supplying real-time data while maintaining the decentralization that is integral to web3.

Moreover, when blockchain networks are congested, fees can become prohibitively expensive, making frequent data updates costly. The likes of Ethereum and Solana have proven to be general purpose chains with a multitude of use cases, but large-scale data delivery is not one of them. It’s a specialist service that calls for specialized networks designed specifically for this task.

Synternet represents the latest thinking on what web3 infra should be: fast, reliable, and low-cost. Its data layer is at the heart of this vision, allowing data providers to stream live data to consumers – typically developers of smart contracts and applications. This solution provides an alternative to oracles, which incur a higher computational burden and thus can be costlier to query. There are also question marks over how decentralized some oracles truly are.

Synternet Prepares to Conquer Pikes Peak

“The launch of Synternet’s mainnet on Cosmos is not just a technical milestone – it’s the beginning of a new era for the decentralized data economy,” enthused Synternet CTO Jonas Simanavicius. “With $SYNT, we’re providing real utility, enabling users to pay for data services at reduced fees and fostering a more inclusive and efficient ecosystem.”

The mainnet launch not only allows users to participate in $SYNT staking but lets validators earn rewards for helping to secure the network. The token has a number of other functions too, principally in facilitating governance and in allowing subscribers to pay for live data streams.

With its mainnet deployed, Synternet now moves onto Pikes Pike, a roadmap scheduled to run till the end of the year. During this time, the team hopes to roll out a dapp store and augmented data streams. It will also introduce Autonomous Economic Agents that can perform complex actions based on onchain events, from delivering trade alerts to Telegram to executing actions based on real-time blockchain data.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

 

Looking at the top crypto rankings, there are few altcoins in the green over the past week. However, Toncoin ($TON), Kaspa ($KAS), and Injective Protocol ($INJ) are among the few top-rated altcoins that have been gaining over the last seven days.

Bucking the fear trend

In the current depressed cryptocurrency market, Bitcoin ($BTC) is down over the past week, and most of the altcoins are also recording losses. Sentiment has swung quite drastically to the negative, as can be seen in the Fear and Greed Index, where only last week the index was registering ‘Greed’ (60), and this week the dial is at ‘Fear’ (40).

However, there are a few top-rated altcoins that are bucking the negative trend. Of course, some might point to other altcoins that have also made gains over the previous week, but if one looks at the more fundamentally stronger coins and tokens, $TON, $KAS, and $INJ are the stand-out performers for the last seven days.

$TON gains 271% since February

Source: TradingView

Toncoin ($TON) is a stand-out performer in fact since February of this year. A 271% rise since then has seen $TON make new all-time highs. The trend is up, and $TON has been respecting it. Currently the price is at the resistance at $7.73. If the price can get above here and consolidate, the next target would be the 1.618 fibonacci level, at $9.60. The 0.786 fibonacci looks to be a strong level of support should the price be rejected.

$KAS knocking at the top of the range

Source: TradingView

Kaspa ($KAS) has been in a range since November 2023, with the range high not being reached until February 19, 2024. Since that time, the price has been back to the bottom of the range, and is currently bumping against the top of the range again. If the price is rejected once again, the 0.786 and 0.618 fibonacci levels are support areas below.

A confirmed breakout from the range could see the $KAS price move up to the 1.618 fibonacci, for an upside target of $0.24. This would be a 33% move from the top of the range.

$INJ builds strong price structure

Source: TradingView

Injective Protocol ($INJ) is inside its own range, and this is a big one. From December 2023, $INJ rose to the top of the range and bumped up against $45 a few times before piercing it and climbing to $53. From there it fell back into the range and retested the bottom at $18. The price has recently come back to retest this again, and is currently trying to break resistance at $24. Getting above this would mean returning to the middle of the range, and all being well breaking into the top half of the range once more.

All this sideways price action might be causing some frustrations for $INJ holders, but this is some great price structure that is being built, and will be an incredibly strong base for when $INJ finally leaves this range behind. $75 would be the target for if and when $INJ breaks out of the range.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice. 

Remy St Felix, of West Palm Beach, has been convicted on charges including conspiracy, kidnapping, and other crimes of violence for leading a multi-state gang that stole hundreds of millions in cryptocurrency through home invasions.

The scale of the Crime

24-year-old Florida resident Remy St Felix has been convicted for masterminding an international conspiracy involving home invasions, violent kidnappings, and assaults to steal Bitcoin and other cryptocurrencies from U.S. citizens.

According to Chainalysis, $1.7 billion in crypto was stolen last year, primarily through remote hacking of wallets and exchanges. However, physical thefts involving direct confrontation are significantly underreported. St Felix’s case stands out due to the aggressive and violent nature of the crimes.

The Conspiracy and Charges

Between September 2022 and July 2023, St Felix led a robbery crew that specifically targeted cryptocurrency owners through violent home invasions across multiple states, including North Carolina, Florida, Texas, and New York. Court documents reveal that victims were kidnapped in their homes, assaulted, and coerced into draining their cryptocurrency accounts.

St Felix was found guilty on nine counts, including conspiracy, kidnapping, and using a firearm to further crimes of violence. He is set to be sentenced on September 11, facing a prison term ranging from seven years to life.

Details of the Operation

Prosecutors detailed that St Felix and his gang meticulously planned their attacks. They hacked into email accounts and conducted physical surveillance of their targets. They communicated using encrypted messaging platforms, aiming to obscure their activities. 

Once the stolen funds were obtained, they were laundered through anonymity-enhanced cryptocurrencies like Monero and instant exchanges such as Changelly, Shapeshift, and ChangeNOW, which do not require know-your-customer (KYC) procedures.

One such incident occurred in April 2023, when St Felix and a co-conspirator forcibly entered a victim’s home. The attackers zip-tied the victim, held them at gunpoint, and threatened further violence against the victim and their spouse. During this ordeal, over $150,000 in cryptocurrency was transferred from the victim’s account by the assailants.

Impact on Victims

U.S. Attorney Sandra J. Hairston for the Middle District of North Carolina commented on the severity of the crimes, stating, 

“The victims in this case suffered a horrible, painful experience that no citizen should have to endure. The defendant and his co-conspirators acted purely out of greed and callously terrorized those they targeted. The jury’s verdict in this case represents a vital step in securing justice for these victims.”

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice. 

Web3-native advertising platform AdEx Network has announced a major platform revamp that integrates innovations around artificial intelligence and zero-knowledge-proof privacy protocols. The updated platform is designed to help Web3 companies better target more traditional audiences in the Web2 world. 

AdEx is an emerging rival to legacy online advertising giants such as Google and Facebook, offering a decentralized and programmatic ad platform with enhanced privacy and user control. By using cryptographic ZK-proofs for ad-matching, it ensures that all of the data it relies on for targeted advertising remains in control of the users who generated it. Users can choose if they want to share that data or not, and if they decide to do so, it will be obscured using ZK-proofs, meaning they can remain anonymous while seeing more relevant ads. 

The way it works is that the ad-matching process happens on the user’s device, where there data is stored. That information never leaves the device, and the advertisers can’t actually see it themselves, other than to know that the user is likely to be either receptive, or not receptive, to a specific ad. 

In other words, no advertiser can use AdEx to create an extensive database of internet users, unlike traditional ad giants do. 

But why would anyone agree to share their data in the first place? Well, the beauty of AdEx’s Web3 platform is that it’s willing to reward people for doing so. By agreeing to let advertisers use their web browsing data, they’ll earn cryptocurrency rewards. Users can select the kinds of ads they’re willing to see, so they won’t be spammed by stuff that doesn’t interest them. They can also grow their rewards by staking the token they receive, $ADX, to earn an additional passive income. 

AdEx’s new platform includes AI capabilities that helps to optimize ad targeting and budgeting for advertisers, provide insights and aid in campaign creation, and an AI-powered real-time bidding tool to help advertisers enhance their operational efficiency and stretch their ad budgets further. 

With today’s update, AdEx said it’s offering reduced ad campaign fees to advertisers, who will be charged just 4% when paying with the $ADX token, instead of the usual 7% fee. There’s also a deposit incentive, with advertisers who put more than $10,000 in their accounts receiving a 30% bonus, meaning they can increase their ad budget by almost one-third. 

The redesigned platform also integrates with “supply-side platforms” to expand available ad inventories, and there are expanded payment options, with advertisers also able to pay in $USDT, $USDC and $DAI stablecoins, as well as $ADX. 

In addition, AdEx’s platform is also launching on the Polygon network for the first time. Polygon is a blazing-fast “Layer-2” network that’s designed to scale the Ethereum blockchain, offering faster transaction processing times and much lower “gas” fees. 

The updated platform is all about enhancing value for advertisers to meet the evolving needs of the digital ad industry, AdEx said. 

AdEx was founded in 2017, when it launched a more traditional advertising platform, only to quickly pivot when it saw the potential of Web3. The company is the creator of the popular “smart” digital wallet, called Ambire Wallet, which leverages new capabilities in Ethereum to support easier user onboarding and digital asset management.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice

The Bitcoin (BTC) price had briefly climbed back above $61,000 before sellers managed to drag the asset down. The cryptocurrency has been down by over 2% in the past 24 hours and is currently trading under $60,950.

Bitcoin has been consolidating between a large price band between the $56,000 mark and the $73,500 mark. This indicates strong buying pressure near its support level and strong selling pressure near its resistance level.

Bears Trying To Sink Price

The past month has seen Bitcoin (BTC) shed 10% as sellers continue to target a critical support level and push the price below $60,000. Market watchers will be looking for a trigger to push BTC higher, with sellers looking to sink the price below $60,000. Bears have tried creating selling pressure on the back of the news that the German government is looking to sell their Bitcoin holdings. There is also the potential selling pressure that the Mt.Gox payout could create. However, buyers have been entering the market at lower levels closer to BTC’s support, defending this level and attempting to start a recovery.

Bitcoin’s recent weakness has spurred investors into action and begin accumulating again. Data shows around $31 billion in net inflows into spot Bitcoin ETFs after they recorded around $1.3 billion in outflows over the past couple of weeks.

Bitcoin (BTC) Price Analysis

The Bitcoin (BTC) price registered a sharp drop on Monday, falling to $60,330. The asset faced considerable selling pressure as sellers pushed the price as low as $58,474, shown by the long tail on the candlestick, indicating strong buying below $60,000.  However, buyers were able to prop the price back above $60,000. Analysts expect bulls to be quite active between $56,500 and $60,000. This is because if BTC falls below this level, we could see a slide down to $58,000, where the 200-day SMA could prop up the price. If this level is breached, BTC could drop to $55,000.

Source: TradingView

As seen in the price chart, BTC has strong support at $60,000. This support held on Monday, and BTC made a relatively strong recovery on Tuesday, rising by 2.52% and moving to $61,848. Buyers attempted to push BTC above $62,000, with the price reaching a day high of $62,458 before dropping to $62,458. Wednesday saw sellers back in control as BTC dipped below $61,000, dropping to $60,854 after a drop of 1.61%. The current session sees BTC up marginally as buyers and sellers look to assume control of the session. Looking at technical indicators, we can see the RSI is close to the oversold region, which could indicate a bullish reversal in the near future.

If BTC is able to recover, It will first target the $62,000 level. Should BTC surpass this level, we could see a climb to $65,000, which is a key resistance level. If Bitcoin is able to break and close above $65,000, we could see a rally to $70,000.

Ethereum (ETH) Price Analysis

Ethereum (ETH) has struggled to stay above its support level of $3,350 and could slide to its next significant support level at $3,000. ETH dropped by 2.16% on Sunday, slipping below the 50-day SMA and settling at $3,420. Monday saw selling pressure intensify, with ETH falling to $3,241. However, buyers entered the market at lower levels and pushed the price back above $3,300, with ETH eventually settling just above $3,350. Tuesday saw a marginal increase in ETH, which rose to $3,395, stopping just short of $ 3,400. However, sellers were back in control on Wednesday, with ETH registering a marginal drop to $3,369. The current session sees ETH at $3,383, with buyers and sellers struggling to control the session.

Source: TradingView

Moving ahead, ETH is facing considerable hurdles, with bears active above $3,400. This is why buyers are struggling to push ETH to the 20-day SMA at $3,500. If buyers can push ETH above this level, we should see an increase to $3,700. However, ETH must reclaim $3,400 for such a scenario to play out. Should sellers push ETH below $3,300, it could drop to $3,000. However, this level has strong support, and buyers are expected to defend it vigorously.

Solana (SOL) Price Analysis

Solana (SOL) has made a strong recovery since hitting a low of $122 on Monday. SOL faced considerable selling pressure in the previous week, ending in the red after dropping nearly 4% on Sunday to slip below the 200-day SMA and settle at $128.63. Monday began with selling pressure intensifying as bears pushed SOL down to $122, as indicated by the long tail on the candlestick. However, buyers could counter the selling pressure and push SOL back above $130 to $132. Despite the bullish sentiment, SOL was unable to move past the 200-day SMA on Monday.

Source: TradingView

Tuesday saw buyers retain control, and SOL was able to push above the 200-day SMA, rising to $136.59 after an increase of 3.22%. Wednesday saw considerable volatility as buyers pushed SOL to $140. However, sellers pushed the price back down, and SOL eventually settled back at $136. The current session is also witnessing a tug-of-war between buyers and sellers as each tries to take control of the session.

So, what does the future hold for SOL? The first major level of resistance SOL faces lies between $140 and $142. If SOL is unable to get past this level, we could see a drop back to $134, where the 200-day SMA could act as support. A drop to $130 can be expected if this level is breached. If sellers are able to push SOL below $130, the next level of support lies at $116. Buyers will be expected to defend this level, as any further drop could see SOL tumble to $100. However, if SOL is able to sustain its bullish sentiment, we could see the price surge towards $150.

Binance Coin (BNB) Price Analysis

Binance Coin (BNB) had dropped to a low of $551 on Monday, starting the week on a bearish note. However, sellers could not sustain the pressure, and BNB recovered to close at $568. The current week has seen some consolidation, with BNB rising by 1.78% on Tuesday to settle at $578. Wednesday saw buyers attempt to push BNB above $600. However, sellers defended this level and lowered the price to $572. The current session sees BNB down marginally, with buyers and sellers vying for control.

Source: TradingView

Any attempt by buyers to force a recovery from this level will face resistance at the $600 level, which is a strong level of resistance. If buyers are able to break above the 20 and 50-day SMAs, it could indicate waning bearish sentiment, and BNB could rally towards $650. A downturn from here could force the price back down to its support level of $560. If sellers are able to breach this level, BNB could drop below $500 and go as low as $471, where the 200-day SMA could prop up the price. Looking at the technical indicators, we can see that the AO (Awesome Indicator) has turned red, indicating considerable bearish momentum.

Polkadot (DOT) Price Analysis

Polkadot (DOT) has been facing considerable selling pressure and has lost nearly 23% over the past month. The cryptocurrency had been trading in a descending channel pattern and lost the crucial $6 level on June 18, leading to a significant liquidation event. However, DOT has seen a marginal reversal since losing this crucial level, with the price consolidating below $6. This marginal uptick and consolidation can be attributed to demand around the $5.5 mark. As we can see in the price chart, DOT is oscillating between the $5.50 support and resistance at $6.

Source: TradingView

If sellers continue to keep hold of the market, we could see DOT tumble towards $5.5 or even $5. However, should buyers enter the market at a level closer to $5.5, we could see DOT push back towards $6. While Polkadot has been on an extended downward trajectory, there are signs things may be about to change. There is an indication that investors are changing their outlook towards DOT, as evidenced by the Chaikin Money Flow (CMF), which turned positive after over a month. This indicates a significant surge in buying pressure, possibly because investors are showing a renewed interest in DOT.

However, if DOT is unable to break out of its descending pattern, it could drop toward $5, which could invalidate the bullish momentum.

Dogecoin (DOGE) Price Analysis

Dogecoin (DOGE) had dropped below the crucial $0.12 level at the beginning of the week, falling to a low of $0.114. However, buyers were able to push the price back, with DOGE eventually settling at $0.118. Tuesday saw buyers control the market, pushing DOGE back above the crucial $0.12 level, ending the session at $0.126 after an increase of over 6%. With the 200-day SMA acting as resistance, DOGE was unable to go past this level, and sellers returned to the market on Wednesday, pushing the price down by just over 3%. The current session sees DOGE in the red as sellers look to push DOGE back below $0.12.

Source: TradingView

DOGE is hovering between its support level of $0.12 and the resistance at $0.13. For a sustained recovery, buyers will have to push DOGE past the 200-day SMA and $0.12. If they are able to do that, DOGE could see a rally towards $0.15. However, if sellers are able to push DOGE below $0.12, we could see a drop to $0.10.

Shiba Inu (SHIB) Price Analysis

Like DOGE, Shiba Inu (SHIB) has also spent most of the week in the red. There are several reasons behind SHIB’s relatively muted performances over the past few days besides just broader market trends, such as Binance’s announcement of the delisting of TUSD pairs for SHIB. Despite the dip in SHIB prices, it has retained strong support from its community, as indicated by the SHIB burn rate, which has remained in the green.

SHIB started the current week with a drop of 2.80%, pushing the price down to $0.000017. Buyers tried to spark a revival on Tuesday, pushing SHIB to $0.0000182. However, with strong resistance at $0.000019, SHIB was unable to move any higher, eventually dropping to $0.0000174. Bearish sentiment returned on Wednesday, as SHIB fell by 3.44% to $0.0000171. The current session sees SHIB down by 1.46%, currently trading below the $0.000017 mark at $0.0000168.

Source: TradingView

As we can see from the price chart, SHIB has support at $0.000016. If sellers can push the price below this level, SHIB could drop to $0.000015. Further bearish sentiment could push SHIB as low as $0.000010. For bullish momentum to return, SHIB must go above the 200-day SMA at $0.000019 and the 20-day SMA at $0.000020. A close above this level could see SHIB rally towards $0.000025.

Uniswap (UNI) Price Analysis

Uniswap (UNI) has steadily declined since hitting $11.97 on June 16. Rejection from this level saw a sharp drop of 11.53% on June 17 and a further drop of almost 8% on June 18. This drop took UNI below the 20-day SMA and a crucial support level at $10. The price saw a rebound over the next couple of days, allowing it to climb back above $10 and settle at $10.03 on June 20. However, bearish sentiment has returned since then, with UNI ending the weekend below $10.

Source: TradingView

The current week started with sellers attempting to push UNI below $9. UNI fell as low as $8.75 before buyers pushed the price back above $9. However, UNI still registered a drop of 4.65%, slipping below the 50-day SMA and settling at $9.32. Tuesday saw a slight uptick, with UNI registering an increase of 1.94%. However, buyers were unable to push UNI beyond the 50-day SMA, with the asset experiencing considerable selling pressure on Wednesday as sellers attempted to push UNI below $9 once again. However, buyers were able to push back, and UNI eventually settled at $9.39. The current session sees the price down by almost 2% as bears look to push UNI below $9 yet again. However, buyers have been aggressively defending this level.

So, where does UNI go from here? If sellers push the price below $9, we could see a drop to around $8.70-$8.80, where the 200-day SMA could act as support. Any further bearish momentum could see a drop to $8. However, if buyers manage to reverse the current trend, we could see UNI attempt to retake $9.50 and push above the 50-day SMA. If the price closes above this level, we could see buyers attempt to push UNI above $10 and the 20-day SMA.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Web3 gaming is booming this year as the industry rolls out development after development in hopes of becoming the leading project in the space. With games like Axie Infinity previously setting the standard for Web3 play-to-earn (P2E) models, it sets the bar very high for new projects. However, there is a new contender that has gripped the attention of investors and gamers alike — My Pet Hooligan.

Unlike Web3 games of the past, games like My Pet Hooligan are appearing with economic models for gaming that are AAA-quality, built with the latest tech, and sustainable long-term.

So, in the battle between Axie Infinity and My Pet Hooligan…who wins? Let’s find out.

Axie Infinity: Web3 Gaming’s Humble Beginnings

Axie Infinity is a blockchain-based game built and developed by Sky Mavis that blends crypto and traditional gaming into a P2E Web3 game. After its launch in 2018, the game rapidly saw global attention and became the cornerstone for the Web3 gaming space, appealing to both gamers and investors.

In 2024, Axie Infinity has continued to push the boundaries, introducing new mechanics to the game to stabilize the economy and new game features like battle systems and classes, but to no avail. The game still struggles to maintain a strong user base and suffers from economic imbalance.

Strengths

Axie Infinity brought the P2E concept to Web3 gaming, allowing players to earn real world value through gameplay — attractnig millions of users and generating substantial revenues. Paired with the game’s decentralized governance and active community, players directly contributed to Axie Infinity’s growth through development and governance involvement.

Weaknesses

Axie Infinity, despite it’s huge success, was hit with the same issue that continues to face many Web3 games trying to enter the space — sustainability. Axie Infinity struggled with inflation quickly and became reliant on a consistent inflow of players to keep its economic model sustainable. Unfortunately, due to simple gameplay, security issues like the hack of 2022, and drying up liquidity inflows, Axie Infinity began to fade out fast.

My Pet Hooligan: Sustainable Web3 Gaming

My Pet Hooligan was developed by AMGI Studios and is a social-action game currently available in early access on the Epic Games Store. The game combines social interaction, action, and user-generated content in a vibrant world that players can break free from limitations. Skateboard, graffiti, wreak havoc, or fight against evil overlord Metazuckbot…the opportunities are endless.

Using advanced artificial intelligence (AI) and bleeding-edge motion capture technology, My Pet Hooligan offers gamers and investors a new level of interaction and immersion never seen before. 

In 2024, My Pet Hooligan has become a rising star, launching with huge traction and garnering over 500,000 download just in its early access stage. Recently awared with ‘Best Action Game’ at the December 2023 GAM3 Awards, the game continues to shine amongst major Web2 and Web3 games on the Epic Games Store.

Strengths 

My Pet Hooligan offers players intense and engaging gameplay paired with top-tier graphics and an expansive open-world space to skate, vandalize, or cause mayhem. These features easily make the game equal to or better than AAA-quality games available today, appealing to both Web3 and traditional gamers.

The game is powered by AMGI Studios’ proprietary motion capture and AI technology, delivering real-time face-driven animation for the deepest immersive player experience. My Pet Hooligan is also partnered with industry leaders like Nvidia, Palantir, and Polygon paired with backing from legends like Coldplay and Tony Robbins.

With an active community of over 110,000 followers on social media and active Discord presence, My Pet Hooligan aims to build a sustainable economic model for Web3 gaming. By minimizing inflation risks and integrating the KARRAT Protocol to support the game’s economy, the game ensures long-term viability for players in one of the most innovative games in Web3.

If that wasn’t enough, the creative force of nature behind My Pet Hooligan is AMGI Studios; a team with unparalleled experience from companies like Disney Pixar, Riot Games, and Industrial Light & Magic.

Weaknesses

What weaknesses? Did you read the strengths?!

Gameplay

Axie Infinity’s gameplay involves the collecting, breeding, and battling of Axies in a turn-based combat system. The simplistic nature of the battle system makes it accessible and easy to understand for both newcomers and veterans but it quickly loses its flavor as activities become monotonous and lack real gameplay depth.

My Pet Hooligan provides players with an immersive experience in the open-world of Hooliland City where they can jump into fast-paced action and interact with other gamers in meaningful ways. Through the use of AI-driven non-playable characters (NPCs), players can enjoy a space built with real-time animation that establishes a living, and breathing world that reactions to player interactions.

Economy

Axie Infinity heavily relied on player inflow to sustain its in-game rewards and currency — an approach that crumbled rapidly when inflation soared and the player base fled the game. The reliance on new players highlighted the need for more sustainable Web3 game models if they wish to have long-term viability.

My Pet Hooligan offers a balanced and sustainable economic model, integrating KARRAT Protocol to add a decentralized gaming infrastructure layer to support the games economy and long-term ecosystem growth. 

Community

Axie Infinity rapidly built a passionate and trusting community that helped the game thrive initially and, with decentalized governance, players could determine development decisions. However, as economic challenges worsened and security issues appeared, community members soon lost faith in the game.

My Pet Hooligan’s focus on social interaction, community events, and user-generated content helped launch early access with a dedicated following across social media and Discord. With AMGI Studios’ transparency and commitment to community involvement in gameplay development, the trust only continues to build.

Technology

Axie Infinity soared initially build on the innovation of blockchain integration to create true ownership for players of their in-game assets. Unfortunately, as one of the first to enter the Web3 gaming space, the game’s technological advancements were limited and bottlenecked.

My Pet Hooligan’s use of AI and motion capture technology make it stand out immediately. By combining AMGI Studios’ expert industrial knowledge, real-time face-driven animation, and AI-powered NPCs — it’s safe to say, its an immersive experience like no other.

Who wins?

Axie Infinity, while hugely successful at first, fell foul of security and economical hurdles but still laid the foundations of today for Web3 gaming potential. 

In modern Web3 gaming, My Pet Hooligan is leading the way for the gaming industry — learning from the mistakes of the past while building towards the technology of the future.

My Pet Hooligan is the clear winner.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.