What if You Had Invested $1,000 in PepeCoin at Its Launch?
If you had invested $1,000 in PepeCoin (PEPE) at its launch in 2021 and held it until its all-time high between 2021 and 2024, the returns would have been extraordinary due to the coin's explosive growth. At its peak, PEPE achieved an astonishing gain of approximately 15,372,489.83%ation:**
Result: At its highest point, your $1,000 investment could have grown to an impressive $153.7 million. This incredible return highlights the speculative nature of meme coins, often driven by viral trends and intense market attention.
Important Note: While the potential for massive gains is alluring, it underscores the highly speculative and risky nature of cryptocurrencies like meme coins. Prices can skyrocket but also crash abruptly. Always approach investments with caution, diversify your portfolio, and consider the risks involved.
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Binance, the world's leading cryptocurrency exchange, has officially listed Toncoin (TON). Trading for TON/BTC, TON/USDT, TON/FDUSD, and TON/TRY pairs will commence at 10:00 AM UTC today, August 8, 2024.
This major listing is expected to significantly boost the visibility and accessibility of Toncoin, driving potential growth in its value. Users can now deposit TON to prepare for trading, with withdrawals opening on August 9, 2024, at 10:00 AM UTC. Important note: Binance has applied a seed tag to TON, indicating that the token is in its early stages of development. As always, conduct thorough research before trading and prioritize the safety of your funds.
Are you excited about the Toncoin listing on Binance? Share your thoughts in the comments below!
"Trump Announces the First Person He Would Fire in Crypto Speech"
During a speech at the Bitcoin 2024 conference in Nashville, Donald Trump promised to fire SEC Chairman Gary Gensler on his first day back in office. "On day one, I will fire Gary Gensler," Trump declared, drawing enthusiastic applause from the audience.
He reiterated his pledge, adding, "I didn't know he was that unpopular." Trump assured that Gensler would be replaced with someone more favorable to crypto investors and proposed creating a crypto advisory council to shape regulatory guidance.
The crypto market has been volatile in 2024, with a downward trend following its highs in March. Here are some of the contributing factors:
Economic Uncertainty: Investors are wary due to concerns about inflation and interest rates in the US. The Federal Reserve's stance on rate cuts is impacting crypto prices.
Mt. Gox Bitcoin Release: The transfer of a large amount of Bitcoin from the collapsed Mt. Gox exchange has spooked the market with fears of a potential sell-off.
Underperforming Events: Events like the Dencun upgrade and Bitcoin halving that were expected to boost prices fell short of expectations.Waning ETF
Interest: The initial excitement surrounding spot Bitcoin ETFs seems to be fading, with inflows declining.
It's important to remember that the crypto market is known for its volatility. While there are some challenges in 2024, some analysts still believe in its potential.
Top 7 books of 2024 about crypto you may never miss to read (7/7)
Cryptocurrencies: The Innovative Investor's Guide by Paul Vigna and Michael J. de la Merced: This 2021 book provides an introduction to the world of cryptocurrencies, explaining how they work, the risks and rewards of investing in them, and the future of this new asset class.
Top 7 books of 2024 about crypto you may never miss to read (6/7)
The Trust Machine by Katie Moussouris: This 2022 book examines the potential of blockchain technology to create more trustworthy and transparent systems, with a focus on its applications in areas such as voting and identity management.
Top 7 books of 2024 about crypto you may never miss to read (5/7)
Blockchain Revolution by Don Tapscott and Alex Tapscott: This 2016 book explores the potential of blockchain technology to transform a wide range of industries, from finance and healthcare to government and supply chain management.
Top 7 books of 2024 about crypto you may never miss to read (4/7)
Bold: Mastering the Hype Cycle of the Future Economy by Alexander Beulow: This 2023 book examines the boom-and-bust cycles that are common in the cryptocurrency market and provides guidance on how to invest in cryptocurrencies wisely.
Top 7 books of 2024 about crypto you may never miss to read (3/7)
Die Crypto-Anarchie (The Crypto Anarchist Manifesto) by Finn Brunton: Originally published in German in 2017, this book explores the philosophical and political implications of cryptocurrency, arguing that it has the potential to decentralize power and create a new kind of society.
Top 7 books of 2024 about crypto you may never miss to read (2/7)
The Infinite Machine by Camila Russo: This 2021 book dives into the history of Ethereum, the world's second-largest cryptocurrency by market capitalization, focusing on its founder Vitalik Buterin and the blockchain revolution.
The "Gigafactory of Compute" is a name used by Elon Musk's artificial intelligence (AI) company, xAI, for a planned supercomputer. The goal of this supercomputer is to significantly advance the capabilities of xAI's chatbot, Grok, and put it ahead of competitors. There is limited information available about the Gigafactory of Compute since it is still in the planning stages. Here's what we know so far: Processing Power: The supercomputer is expected to be built using 100,000 Nvidia H100 Tensor Core GPUs, making it much larger than any existing GPU cluster.Target Completion Date: Fall 2025Possible Collaboration: There are reports that xAI might collaborate with Oracle for this project. If successful, the Gigafactory of Compute could be a significant development in the field of artificial intelligence. It would provide xAI with the processing power needed to train and develop Grok into a much more powerful and intelligent language model.
Meta Backs Away from NFTs: After facing criticism, Meta (formerly Facebook) has reportedly halted its development of NFTs for Facebook and Instagram. (The Independent)
Trump and Crypto: Donald Trump has reiterated his stance on crypto, promising to loosen regulations and even suggesting he might pardon the founder of Silk Road, an infamous darknet marketplace, if re-elected. (Cointelegraph)
Argentina Studies El Salvador's Bitcoin Move: Intrigued by El Salvador's adoption of Bitcoin, Argentina is looking into the potential benefits and drawbacks of following a similar path. (Cointelegraph)$BTC
Ethereum Price Up on ETF Optimism: Ethereum (Ether) is also experiencing significant price gains, reaching nearly $4,000, likely due to the positive sentiment surrounding the approval of several Ethereum ETFs. (Cointelegraph)$ETH
Caitlyn Jenner Meme Coin Causes Confusion: A new meme coin featuring Caitlyn Jenner has emerged, but its origin and purpose are unclear, raising questions among crypto observers. (CoinDesk)
Ethereum L2 Network Launched: Taiko, a layer-2 network for Ethereum based on zkRollup technology, has officially launched on the mainnet. They also plan to introduce a DAO for community governance later this year. (Binance Square)$ETH
Coins on Fire: Ethereum-based meme coins like PEPE and MOG are reaching new highs, possibly due to traders looking for alternative ways to profit alongside rising Ether prices. (CoinDesk) $PEPE $MOG
Bitcoin on the Rise: Bitcoin's price is surging past $71,000 fueled by hopes of a coming Ethereum ETF approval. This triggered a wave of short selling liquidations pushing the price even higher. (CoinDesk) $BTC $ETH