$DOT Where are the correctionists at this hour? It reached 7 and they were already talking about corrections. Corrections seen on 15min charts? 🤣 Dear readers, maybe DOT is not $BTC, there will be corrections yes, but forget about selling. Are you fearful? That's okay, but hold on for at least a month and avoid crying out of regret. Do you know about trading? Then you know that January is also for growth and Trump, who was financed by Musk, hasn't even been sworn in yet. Leave the nerves. Hold on.
Here's what Chat GPT thinks about Elon Musk having anything to do with BTTC!
BTTC (BitTorrent Chain) and Elon Musk are not directly related in an official way. However, the association may arise due to speculation in the cryptocurrency world due to Musk's influence in this space. Elon Musk has been known to influence the prices of cryptocurrencies such as Bitcoin, Dogecoin, and others through his comments on social media.
Sobre BTTC (BitTorrent Chain): • It is a blockchain solution developed by BitTorrent, which is now owned by TRON after Justin Sun acquired BitTorrent in 2018.
In the last 12 hours, the cryptocurrency BitTorrent [New] (BTTC) has experienced slight volatility on Binance. The real-time price of BTTC has remained below $0.000001 USD¹. During this period, the trading volume has been significant, reaching approximately $23.76 million USD¹. In terms of price variation, BTTC has shown a decrease of 3.91% in the last 24 hours¹. The current market capitalization of BTTC is approximately $873.23 million USD, with a circulating supply of 968,246.43 billion tokens¹.
VeChain (VET): Blockchain That Changes Industries with Transparency
$VET is a blockchain platform known for its smart contract solutions and supply chain transparency. By adding unique IDs and sensors to products, VeChain enables tracking of goods in industries such as fashion and automotive. Founded in 2015 by Sunny Lu, VeChain moved from Ethereum to its own blockchain, VeChainThor, in 2018, introducing a two-token system, VET and VTHO. VeChain uses proof of authority consensus to efficiently validate transactions, and has partnered with major companies such as Walmart China and BMW, demonstrating real-world adoption.
The sleeping giant wakes upIs a bull run coming? In the world of cryptocurrencies, where fortunes can be made and lost in the blink of an eye, a sleeping giant is awakening. BTCC, a decentralized platform poised to revolutionize the blockchain landscape, is showing signs of life. As the market shifts and new narratives emerge, BTTC’s unique value proposition is gaining traction, sparking speculation of a potential bull run.Unlocking the PotentialBTTC’s strength lies in its ability to bridge the gap between traditional finance and the decentralized world.
3 Altcoins With the Most Promising Use Cases in 2024; VET, MATIC, LINK
VeChain (VET) enhances supply chain transparency, tracking products from origin to consumer across multiple industries.
Polygon (MATIC) addresses Ethereum's scalability by processing transactions off-chain, reducing congestion and fees.
Chainlink (LINK) enables smart contracts to interact with real-world data, vital for DeFi, finance, and gaming applications.
2024 is shaping up to be a pivotal year for cryptocurrencies, with some altcoins standing out for their real-world applications. Investors are not just looking for quick gains—they’re seeking tokens with strong use cases that could drive long-term value.
Let’s dive into three altcoins that are gaining attention for their practical uses: VeChain (VET), Polygon (MATIC), and Chainlink (LINK).
VeChain (VET) is making waves in supply chain management. This blockchain platform is designed to enhance supply chain efficiency and transparency.
By using VeChain, businesses can track products from origin to the consumer, ensuring authenticity and quality. It’s already being used by major brands across various industries, including luxury goods, food, and healthcare.
Polygon (MATIC): Scaling the Ethereum Network
Polygon (MATIC) is addressing one of Ethereum's biggest challenges—scalability. As a Layer 2 scaling solution, Polygon reduces the congestion and high fees associated with Ethereum transactions.
Polygon achieves this by processing transactions off-chain before finalizing them on the Ethereum mainnet. With Ethereum's continued dominance in the decentralized application (dApp) space, Polygon’s role is becoming increasingly crucial.
Chainlink (LINK): Bridging Smart Contracts with Real-World Data
Chainlink (LINK) is essential for enabling smart contracts to interact with real-world data. Through its decentralized oracle network, Chainlink provides reliable, tamper-proof data to blockchain applications.
This data is crucial for smart contracts in areas like finance, insurance, and gaming, where real-time information is necessary. With the rise of decentralized finance (DeFi), Chainlink’s use case continues to grow.
Conclusion
These three altcoins—VET, MATIC, and LINK—are more than just digital assets. They’re solving real problems and offering practical solutions in various industries. Keep an eye on them as they continue to develop and impact the world of blockchain technology in 2024.
The post 3 Altcoins with the Most Promising Use Cases in 2024; VET, MATIC, LINK appeared first on Crypto News Land.
In 1875, Samuel Benner, an American farmer, faced financial ruin and became determined to uncover the patterns of economic cycles 📊
His research led him to create the mysterious Benner Cycle chart. This chart predicts future economic highs and lows telling investors when to sell and when to buy.
🔍 After almost 150 years, this cycle chart still predicts market downturns and upturns with quite uncanny accuracy.
As you can see, the chart calls 2023 a good year to accumulate at low prices, and 2026 a good year to sell at the market's peak ⌚️
Are you curious about our tech? Check out VeChainThor’s open-source code on our GitHub! Take a peek behind the curtains, and start building if you're a dev.
VeChain Partners With Crypto Carbon Ratings Institute to Enhance Sustainability
VeChain teams with CCRI to meet MiCA's stringent sustainability indicators, crucial for EU digital asset integration.
US Spot Bitcoin ETF approval and MiCA enforcement signal new regulatory attitudes, boosting VeChain's blockchain adoption.
VeChain secures a US carbon trading patent and partners with UFC, expanding its green blockchain solutions globally.
VeChain has announced a new partnership with the Crypto Carbon Ratings Institute (CCRI), a leading European organization focused on transparency in the environmental impact of the crypto industry.
This collaboration aims to align the VeChainThor blockchain with upcoming MiCA (Markets in Crypto-Assets) regulations in Europe, emphasizing sustainability indicators. These regulations are crucial for integrating digital assets and blockchain services across Europe, affecting businesses and daily life.
https://twitter.com/vechainofficial/status/1819009363786310032 Aligning with MiCA Regulations
The partnership with CCRI will help VeChain meet the stringent sustainability indicators set by MiCA. MiCA represents one of the most significant pieces of EU crypto legislation. It seeks to create a comprehensive framework for the integration of digital assets and blockchain services. This regulatory landscape is evolving rapidly, with MiCA at the forefront, pushing for more transparency and sustainability within the crypto space.
Regulatory Milestones
Recent regulatory developments, such as the approval of the US Spot Bitcoin ETF and the enforcement of MiCA regulations, mark a pivotal shift in the regulatory approach toward blockchain technology.
These changes open new opportunities for VeChain, heralding a new era for blockchain mass adoption. The collaboration with CCRI highlights VeChain’s commitment to regulatory compliance and sustainable practices, enhancing its position in the global blockchain ecosystem.
Global Achievements and Partnerships
VeChain’s global reach extends beyond Europe. The company recently secured a carbon trading patent in the US, reinforcing its commitment to green blockchain solutions.
Additionally, few months ago, VeChain partnered with SupplyME to provide further support for sustainable blockchain initiatives. Another notable partnership includes a collaboration with the Ultimate Fighting Championship (UFC) to introduce tokenized gloves, showcasing VeChain’s innovative applications in various industries.
These achievements reflect VeChain’s dedication to real-world blockchain adoption and its proactive approach in meeting regulatory standards.
Read also
IOTA Strategically Aligns with EU's MiCA Bill to Navigate Regulatory Landscape
OKLink Unites With China Institute to Fight Crypto Crimes
EU Leads the Way in Crypto Legislation with MiCA's Enactment
Binance Adapts to New European Stablecoin Regulations by implementing the Markets in Crypto-Assets (MiCA) Regulations
Ripple Wins UK's Pay360 Award as Ripple Partner Uphold Delists Multiple Stablecoins Including USDT
The post VeChain Partners with Crypto Carbon Ratings Institute to Enhance Sustainability appeared first on Crypto News Land.
The current situation in China regarding cryptocurrencies is ambiguous and depends on several factors. Here is a summary of both possible scenarios:
Scenario 1: Maintain the Ban
China has banned all cryptocurrency transactions since 2021, arguing that they facilitate financial crime and pose a risk to economic stability. If China decides to maintain and strengthen this ban, it is likely that:
1. **Negative Impact on the Market**: There could be a decrease in the price of cryptocurrencies due to the loss of one of the largest markets in the world.
2. **Investor Migration**: Chinese investors could look for alternatives outside the country, using foreign platforms or informal methods to continue their activities.
Scenario 2: Lift the Ban
Recently, rumors have circulated about the possibility of China lifting the ban on cryptocurrencies at the end of 2024 due to economic pressures and policy changes. If this happens:
1. **Positive Impact on the Market**: A lifting of the ban could lead to a significant increase in cryptocurrency prices, driven by the re-entry of large numbers of Chinese investors into the market.
2. **Adoption Growth**: With China back in the game, cryptocurrency adoption could grow at a rapid pace, benefiting the industry as a whole.
### Conclusion The impact will depend on the final decision of the Chinese authorities. If they decide to keep the ban, we could see downward pressure on the cryptocurrency market. On the other hand, if the ban is lifted, there is likely to be an increase in prices and greater global adoption.
It is important to continue monitoring news and analysis on this topic to make informed decisions. #Binance #news #ETH #BTC #Bitcoin
Key events, including an ETF filing, boost investor confidence, indicating strong market sentiment for Solana (SOL).
According to crypto analyst Ali Martinez, Solana (SOL) is eyeing a major breakout. Early signs of a bull pennant suggest that Solana might be poised for a 900% rally, potentially reaching $1,000.
At press time, Solana was trading at $173.73, reflecting a 17.63% increase in the past one week. The price movement shows a strong uptrend starting from late 2023, followed by a consolidation period. A symmetrical triangle pattern, which began forming in March 2024, indicates this consolidation phase. Analysts believe this pattern suggests a potential breakout, which could lead Solana's price to soar above $1,300 by 2025.
The price action indicates upward momentum, with Solana's price consolidating within an ascending triangle pattern. The current resistance level stands at $173.73, where the price is testing the upper trendline. The ascending triangle pattern, characterized by a horizontal upper trendline and an ascending lower trendline, typically indicates a potential upside breakout.
Source; Ali on X
The potential breakout from the triangle pattern is seen as a bullish indicator. The price projection suggests Solana could see substantial gains, reaching higher resistance zones well above the current price. This projection extends into 2025, hinting at continued bullish momentum if the breakout occurs.
Recent Market Influences
In the past week, from July 15 to July 21, Solana's price showed a clear upward trend. Starting around $150 and ending near $172, the price movement reflects a $27 increase. Notable events during this period include an assassination attempt on Donald Trump and the filing of an S-1 for a Solana ETF.
Source; CoinMarketCap
The filing for the ETF is particularly significant, suggesting increased institutional interest and investor confidence in Solana. The price movements and reactions to key events suggest high trading activity. The steady gains and positive market sentiment indicate strong buying interest in Solana.
The analysis suggests a bullish outlook for Solana, with a high probability of an upward breakout from the ascending triangle pattern. However it is crucial to conduct thorough research and consider various factors before making any decisions.
The current situation in China regarding cryptocurrencies is ambiguous and depends on several factors. Here is a summary of both possible scenarios:
Scenario 1: Maintain the Ban
China has banned all cryptocurrency transactions since 2021, arguing that they facilitate financial crime and pose a risk to economic stability. If China decides to maintain and strengthen this ban, it is likely that:
1. **Negative Impact on the Market**: There could be a decrease in the price of cryptocurrencies due to the loss of one of the largest markets in the world.
2. **Investor Migration**: Chinese investors could look for alternatives outside the country, using foreign platforms or informal methods to continue their activities.
Scenario 2: Lift the Ban
Recently, rumors have circulated about the possibility of China lifting the ban on cryptocurrencies at the end of 2024 due to economic pressures and policy changes. If this happens:
1. **Positive Impact on the Market**: A lifting of the ban could lead to a significant increase in cryptocurrency prices, driven by the re-entry of large numbers of Chinese investors into the market.
2. **Adoption Growth**: With China back in the game, cryptocurrency adoption could grow at a rapid pace, benefiting the industry as a whole.
### Conclusion The impact will depend on the final decision of the Chinese authorities. If they decide to keep the ban, we could see downward pressure on the cryptocurrency market. On the other hand, if the ban is lifted, there is likely to be an increase in prices and greater global adoption.
$VET has caught the attention of Grayscale, a leader in crypto asset management, as a significant investment. This cryptocurrency is distinguished by its blockchain solutions applied to the supply chain, with notable partnerships such as Walmart China, BMW and, recently, Reebolution. These collaborations reinforce transparency and efficiency across various industries, increasing the adoption and value of VeChain.$VET
Stay informed about this promising cryptocurrency and its continued advancements.
Investing in #VeChain like any other investment, requires careful consideration of several factors:
1. Technology and Use Case: $VET focuses on supply chain management and business processes. Its blockchain technology aims to enhance transparency and efficiency in various industries like logistics, food safety, and luxury goods. Understanding how this technology solves real-world problems and its potential for adoption is crucial.
2. Partnerships and Adoption: VeChain has established partnerships with significant companies such as #UFC , #Walmart China, BMW, and DNV GL. These partnerships indicate potential real-world applications and adoption of VeChain's technology, which can drive its value.
3. Market Position and Competition: Assessing how VeChain compares to other blockchain projects addressing similar use cases is important. Understanding its unique selling points and competitive advantages helps evaluate its long-term viability.
4. Team and Development: The team behind VeChain, their experience, and their ability to execute the project's roadmap are critical. Regular updates on development progress and community engagement can provide insights into the project's health.
5. Tokenomics and Market Sentiment: Analyzing the tokenomics (supply, distribution, inflation) and understanding market sentiment (investor interest, trading volume, social media buzz) can help gauge short-term price movements and long-term potential.
6. Risks: Like any investment, VeChain carries risks such as regulatory changes, technological setbacks, or market volatility. It's essential to assess these risks and have a risk management strategy.
Before investing, it's recommended to conduct thorough research or consult with a financial advisor. Understanding the fundamentals and potential of VeChain, coupled with your investment goals and risk tolerance, will help you make an informed decision.