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In short: Crypto is not the future, it is the Present 🔑
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📉 Bonk, MultiversX, Terra Classic Among Major Cryptocurrency Downturns
🔻 The leader of the decline is Bonk (BONK), a meme coin that quickly gained popularity on the Solana network and has since demonstrated rapid fluctuations: 41%, with a reported 20.8% at the end of December. Despite reaching an all-time high (ATH) of $0.00003416 per token on December 15, the value of BONK has fallen by 66% since its peak. It is trading around $0.00001167, which is 18.8% lower in the last 24 hours.
🚀 BONK is often mentioned alongside Shiba and Doge as the best meme coin, but according to reports from January 3, all these coins have also fallen, although less significantly.
📉 Also on the list is MultiversX (EGLD), a token with losses of 17.8%, despite a new upgrade mechanism that will significantly enhance its feature set.
💸 EGLD is currently at $59.12, indicating a 16.6% decrease over the last seven days. This suggests that the ongoing downtrend is more than just the result of a negative Matrixport forecast regarding spot Bitcoin ETFs.
📉 Closing today's losers is Terra Classic, which reported a 17.7% decline. Again, while Matrixport's news rocked the entire market, Terra experienced a week-long slump, witnessing a 20.3% rise over the last seven days, alongside recent network overload news.
🔻 The leader of the decline is Bonk (BONK), a meme coin that quickly gained popularity on the Solana network and has since demonstrated rapid fluctuations: 41%, with a reported 20.8% at the end of December. Despite reaching an all-time high (ATH) of $0.00003416 per token on December 15, the value of BONK has fallen by 66% since its peak. It is trading around $0.00001167, which is 18.8% lower in the last 24 hours.
🚀 BONK is often mentioned alongside Shiba and Doge as the best meme coin, but according to reports from January 3, all these coins have also fallen, although less significantly.
📉 Also on the list is MultiversX (EGLD), a token with losses of 17.8%, despite a new upgrade mechanism that will significantly enhance its feature set.
💸 EGLD is currently at $59.12, indicating a 16.6% decrease over the last seven days. This suggests that the ongoing downtrend is more than just the result of a negative Matrixport forecast regarding spot Bitcoin ETFs.
📉 Closing today's losers is Terra Classic, which reported a 17.7% decline. Again, while Matrixport's news rocked the entire market, Terra experienced a week-long slump, witnessing a 20.3% rise over the last seven days, alongside recent network overload news.
same
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Pyth Network Airdrop — Claim it now!
📜 This definitive guide for participating in the Pyth Airdrop is a trustworthy resource for acquiring $PYTH tokens. It provides precise information about the procedures and requirements for engaging in the Pyth Airdrop. It’s crucial to be aware that other publications about the Pyth Airdrop, not directly from Pyth Network, can be not only incorrect but also potentially fraudulent. For secure and successful engagement in the Pyth Airdrop, it is advised to rigorously abide by the instructions from this official guide.
🌐 The recent unveiling by Pyth Network of its much-anticipated Retrospective Airdrop generated excitement in the blockchain ecosystem. This strategic move covers a broad array of blockchains, including Solana, EVM, Aptos, Sui, Injective, Osmosis, Neutron, and Sei. The initiative extends its generosity not just to blockchain enthusiasts but also to engaged Discord users and NFT holders.
💰 Rewarding Contribution
The core of this groundbreaking initiative lies in the significant disbursement of 600 million $PYTH tokens. This impressive amount constitutes a significant 6% of the total token supply and is dedicated to honoring and appreciating active contributors across various sectors of the blockchain community.
🌍 Inclusive Token Distribution
Aiming to promote inclusivity, Pyth Network ensures that the retrospective airdrop reaches a wide audience. The distribution is not confined to a single blockchain but rather incorporates the diversity of the decentralized landscape. Ranging from Solana to EVM and beyond, Pyth Network is dedicated to connecting with communities across the entire spectrum.
🚀 Engaging ÐApps and DeFi Participants
Focusing intently on decentralized applications (ÐApps) and individuals in decentralized finance (DeFi), Pyth Network’s airdrop plans to strengthen those actively involved in the advancement of the blockchain ecosystem. This forward-looking approach acknowledges the pivotal role of ÐApps and DeFi in molding the future of decentralized technologies.
📄 Pyth Network Airdrop Full Guide
Visit the Pyth Network Retrospective Airdrop page.Claim your $PYTH tokens.Good job! Easy $100–$500 for you! Support me, clap and follow, thanks!
#AirdropMagic #PythNetwork #AirdropOpportunity
🌐 The recent unveiling by Pyth Network of its much-anticipated Retrospective Airdrop generated excitement in the blockchain ecosystem. This strategic move covers a broad array of blockchains, including Solana, EVM, Aptos, Sui, Injective, Osmosis, Neutron, and Sei. The initiative extends its generosity not just to blockchain enthusiasts but also to engaged Discord users and NFT holders.
💰 Rewarding Contribution
The core of this groundbreaking initiative lies in the significant disbursement of 600 million $PYTH tokens. This impressive amount constitutes a significant 6% of the total token supply and is dedicated to honoring and appreciating active contributors across various sectors of the blockchain community.
🌍 Inclusive Token Distribution
Aiming to promote inclusivity, Pyth Network ensures that the retrospective airdrop reaches a wide audience. The distribution is not confined to a single blockchain but rather incorporates the diversity of the decentralized landscape. Ranging from Solana to EVM and beyond, Pyth Network is dedicated to connecting with communities across the entire spectrum.
🚀 Engaging ÐApps and DeFi Participants
Focusing intently on decentralized applications (ÐApps) and individuals in decentralized finance (DeFi), Pyth Network’s airdrop plans to strengthen those actively involved in the advancement of the blockchain ecosystem. This forward-looking approach acknowledges the pivotal role of ÐApps and DeFi in molding the future of decentralized technologies.
📄 Pyth Network Airdrop Full Guide
Visit the Pyth Network Retrospective Airdrop page.Claim your $PYTH tokens.Good job! Easy $100–$500 for you! Support me, clap and follow, thanks!
#AirdropMagic #PythNetwork #AirdropOpportunity
Daily Analysis: BTC, ETH, TIA, DOGE
📈 Bitcoin (BTC) is showing moderate recovery today. At the time of publication, the Bitcoin price was $41,700, representing a 0.7% increase in the last 24 hours and bringing the weekly decline to 2.4%. Bitcoin trading volume for the same period dropped by 56%, totaling $9.8 billion.
📊 In-depth analysis of the 24-hour BTC/USD charts shows bullish dominance. The Relative Strength Index (RSI) indicator is moving north, indicating a bullish momentum for BTC. On the other hand, the Moving Average Convergence Divergence (MACD) indicator is returning to the green zone, showing unsuccessful bearish pressure on the Bitcoin price.
📉 Ethereum (ETH) also demonstrated a slight increase today. At the time of publication, the Ethereum price was $2,477, representing a 0.4% increase in the last 24 hours, with a weekly decline of 2.4%. Trading volume dropped by 52% to $4.6 billion.
📊 In-depth analysis of the ETH/USD charts also shows a struggle between bulls and bears in the ETH markets, as evidenced by the Relative Strength Index (RSI) currently on a northward trajectory, indicating bullish pressure on the Ethereum price. On the other hand, the MACD indicator has shifted to the red zone, also pointing to bearish prospects for the Ethereum price.
📉 Celestia (TIA) also showed a slight increase today. At the time of publication, the Celestia price was $17.4, representing a 0.9% increase in the last 24 hours, with a weekly decline of 10.5%. Trading volume dropped by 69% to $89 million.
📊 In-depth analysis of the TIA/USDT charts indicates a price retracement for Celestia, as evidenced by the Relative Strength Index (RSI) currently on a southward trajectory, indicating bearish pressure on the Celestia price. On the other hand, the MACD indicator is moving in the red zone, confirming bearish prospects for the Celestia price.
📈 Dogecoin (DOGE) is our growth leader today, as the Dogecoin price at the time of publication was $0.08694, representing a 10% increase in the last 24 hours, resulting in a weekly growth of 4.4%. Trading volume surged by 254% to $1.2 billion.
📊 In-depth analysis of the DOGE/USDT charts shows that bulls control the markets. This is evidenced by the Relative Strength Index (RSI), which currently exceeds 50, indicating bullish pressure on the Dogecoin price as the token still has room for overbought conditions. On the other hand, the MACD indicator has shifted to the green zone, confirming bullish prospects for the Dogecoin price.
📊 In-depth analysis of the 24-hour BTC/USD charts shows bullish dominance. The Relative Strength Index (RSI) indicator is moving north, indicating a bullish momentum for BTC. On the other hand, the Moving Average Convergence Divergence (MACD) indicator is returning to the green zone, showing unsuccessful bearish pressure on the Bitcoin price.
📉 Ethereum (ETH) also demonstrated a slight increase today. At the time of publication, the Ethereum price was $2,477, representing a 0.4% increase in the last 24 hours, with a weekly decline of 2.4%. Trading volume dropped by 52% to $4.6 billion.
📊 In-depth analysis of the ETH/USD charts also shows a struggle between bulls and bears in the ETH markets, as evidenced by the Relative Strength Index (RSI) currently on a northward trajectory, indicating bullish pressure on the Ethereum price. On the other hand, the MACD indicator has shifted to the red zone, also pointing to bearish prospects for the Ethereum price.
📉 Celestia (TIA) also showed a slight increase today. At the time of publication, the Celestia price was $17.4, representing a 0.9% increase in the last 24 hours, with a weekly decline of 10.5%. Trading volume dropped by 69% to $89 million.
📊 In-depth analysis of the TIA/USDT charts indicates a price retracement for Celestia, as evidenced by the Relative Strength Index (RSI) currently on a southward trajectory, indicating bearish pressure on the Celestia price. On the other hand, the MACD indicator is moving in the red zone, confirming bearish prospects for the Celestia price.
📈 Dogecoin (DOGE) is our growth leader today, as the Dogecoin price at the time of publication was $0.08694, representing a 10% increase in the last 24 hours, resulting in a weekly growth of 4.4%. Trading volume surged by 254% to $1.2 billion.
📊 In-depth analysis of the DOGE/USDT charts shows that bulls control the markets. This is evidenced by the Relative Strength Index (RSI), which currently exceeds 50, indicating bullish pressure on the Dogecoin price as the token still has room for overbought conditions. On the other hand, the MACD indicator has shifted to the green zone, confirming bullish prospects for the Dogecoin price.
Bitcoin Price Risks 15% Drop as Sellers Break Below 50-Day Support
💡 Bitcoin Price Forecast: Bitcoin, the largest cryptocurrency by market capitalization, experienced a sharp decline from $49,000 to $40,300 in a week. This significant 17.8% drop may be linked to market concerns that the spot BTC ETF is perceived as a "sell-the-news" event, along with ongoing Grayscale Bitcoin asset liquidations.
📉 During this decline, sellers managed to break the support line of the ascending wedge, suggesting that the Bitcoin price may be set for an additional correction.
🔄 Reversal Model Signals a New Correction Trend in Action
📊 The formation of the ascending wedge pattern reflects the maturity of the recovery phase. The BTC price above the Fibonacci correction levels of 38.2% and 50% indicates that buyers are holding onto this asset firmly. Intraday Bitcoin trading volume is $12.7 billion, indicating a 52% loss.
📈 Recent two-month Bitcoin price recovery is characterized by the emergence of an ascending wedge pattern on the charts. Typically, this pattern signals a potential final surge of buyers before the cryptocurrency undergoes a significant correction.
🤔 Additionally, the discouraging BTC price dynamics, despite the launch of the First Spot BTC ETF, has led to a sense of demotivation and concern among investors. As a result, on January 12, there was a significant outflow of bitcoins, leading to a decisive breakthrough below the wedge model's support.
📉 This breakthrough resulted in Bitcoin's price falling to the Fibonacci correction level of 38.2%, with its current price at $41,800.
⚠️ If selling pressure continues, there is a possibility of the cryptocurrency's price falling by an additional 15%, potentially reaching a local support level around $35,550 USD.
🐋 Whale Activity Surges Amid Bitcoin Price Decline
📊 While the short-term Bitcoin price forecast appears bearish, network activity demonstrates notable development, reinforcing a bullish outlook. Renowned cryptocurrency analyst Ali Martinez recently shared on the X platform that there is a noticeable increase in the number of large Bitcoin investors, widely known as "whales." The tweet stated:
🐋 "Today marks a noticeable increase in the number of #Bitcoin whales! The number of addresses holding more than $1,000 USD BTC has reached the highest level since August 2022 and is currently at 1,510."
📈 Such an increase in the number of large #BTC holders may signal strong confidence or strategic positioning in the market.
📉 During this decline, sellers managed to break the support line of the ascending wedge, suggesting that the Bitcoin price may be set for an additional correction.
🔄 Reversal Model Signals a New Correction Trend in Action
📊 The formation of the ascending wedge pattern reflects the maturity of the recovery phase. The BTC price above the Fibonacci correction levels of 38.2% and 50% indicates that buyers are holding onto this asset firmly. Intraday Bitcoin trading volume is $12.7 billion, indicating a 52% loss.
📈 Recent two-month Bitcoin price recovery is characterized by the emergence of an ascending wedge pattern on the charts. Typically, this pattern signals a potential final surge of buyers before the cryptocurrency undergoes a significant correction.
🤔 Additionally, the discouraging BTC price dynamics, despite the launch of the First Spot BTC ETF, has led to a sense of demotivation and concern among investors. As a result, on January 12, there was a significant outflow of bitcoins, leading to a decisive breakthrough below the wedge model's support.
📉 This breakthrough resulted in Bitcoin's price falling to the Fibonacci correction level of 38.2%, with its current price at $41,800.
⚠️ If selling pressure continues, there is a possibility of the cryptocurrency's price falling by an additional 15%, potentially reaching a local support level around $35,550 USD.
🐋 Whale Activity Surges Amid Bitcoin Price Decline
📊 While the short-term Bitcoin price forecast appears bearish, network activity demonstrates notable development, reinforcing a bullish outlook. Renowned cryptocurrency analyst Ali Martinez recently shared on the X platform that there is a noticeable increase in the number of large Bitcoin investors, widely known as "whales." The tweet stated:
🐋 "Today marks a noticeable increase in the number of #Bitcoin whales! The number of addresses holding more than $1,000 USD BTC has reached the highest level since August 2022 and is currently at 1,510."
📈 Such an increase in the number of large #BTC holders may signal strong confidence or strategic positioning in the market.
📉 Has the Bear Phase in the Crypto Market Ended?
📊 Excessive accumulated futures positions led to massive liquidations even before the approval of ETFs. We witnessed speculative movements. Currently, we observe a slight softening of BTC amid the normalization process of excessively profitable wallets. But how long will this continue? What awaits crypto investors by the end of January?
💸 Earlier today, the BTC price dropped to $41,718. This decline, which triggered altcoin sell-offs overall, was caused by the audacity of excessively profitable investors. When investors believed that prices should fall if there is no mass growth after the approval of ETFs, they shifted to selling, leading to the fall of BTC. We live in interesting times.
🔄 Even more interesting is that the support level at $41,800 is being tested for the sixth time in about the last four weeks. One of these tests was related to the Matrixport report, stating that spot Bitcoin ETFs without fundamental support could be approved in the second quarter. Despite the approval, BTC, which fell to $40,700, is holding at the $42,700 mark.
📈 While the sixth test of support and its current holding seem positive, the size of the subsequent rebound will be crucial for the future.
💼 Some analysts remain cautious due to the transfer of 1 billion BTC to exchanges, as reported by CryptoQuant. In their opinion, this outflow of miners became a fundamental reason for the decline. Bitcoin miners, who need to maintain strong cash reserves, seem to remember the tough days when they began selling at satisfactory levels while continuing to operate with high profitability.
📈 We observed an increase in the additional premium due to excessive demand for options amid the excitement around ETFs. At the moment, since the approval of the spot Bitcoin ETF, we see that the BTC futures premium remains below 9% in the neutral zone, unlike the growing trend that continued until January 15. This suggests that the days of excessive demand may end, and the appetite will change depending on the ETF entry.
#BitcoinETFapproved
📊 Excessive accumulated futures positions led to massive liquidations even before the approval of ETFs. We witnessed speculative movements. Currently, we observe a slight softening of BTC amid the normalization process of excessively profitable wallets. But how long will this continue? What awaits crypto investors by the end of January?
💸 Earlier today, the BTC price dropped to $41,718. This decline, which triggered altcoin sell-offs overall, was caused by the audacity of excessively profitable investors. When investors believed that prices should fall if there is no mass growth after the approval of ETFs, they shifted to selling, leading to the fall of BTC. We live in interesting times.
🔄 Even more interesting is that the support level at $41,800 is being tested for the sixth time in about the last four weeks. One of these tests was related to the Matrixport report, stating that spot Bitcoin ETFs without fundamental support could be approved in the second quarter. Despite the approval, BTC, which fell to $40,700, is holding at the $42,700 mark.
📈 While the sixth test of support and its current holding seem positive, the size of the subsequent rebound will be crucial for the future.
💼 Some analysts remain cautious due to the transfer of 1 billion BTC to exchanges, as reported by CryptoQuant. In their opinion, this outflow of miners became a fundamental reason for the decline. Bitcoin miners, who need to maintain strong cash reserves, seem to remember the tough days when they began selling at satisfactory levels while continuing to operate with high profitability.
📈 We observed an increase in the additional premium due to excessive demand for options amid the excitement around ETFs. At the moment, since the approval of the spot Bitcoin ETF, we see that the BTC futures premium remains below 9% in the neutral zone, unlike the growing trend that continued until January 15. This suggests that the days of excessive demand may end, and the appetite will change depending on the ETF entry.
#BitcoinETFapproved
🐂 Altcoin Bull Season Beginning? Solana Set to Lead
📈 The altcoin bull season is expected to kick off in 2024, fueled by optimism surrounding various events. Halving, interest rate cuts, U.S. elections, the spread of ETFs, and many other events seem to carry the potential for this season. Some analyses indicate that capital movement may have already initiated it.
🔍 Technical experts point to indicators signaling the start of a significant capital shift from Bitcoin to altcoins, such as Solana (SOL), stating that the time has come. The altcoin season index recently rose to 76 out of 100, suggesting that we might be in the early stages, considering the critical threshold is 75.
📉 Historically, the altcoin season is defined as a period when the top 50 altcoins outperform Bitcoin by 75% over 90 days. The last time we saw something similar was in 2022. In the current scenario, cryptocurrencies like Ordi (ORDI), Sei (SEI), Injective (INJ), Solana (SOL) are achieving this, indicating that conditions for the altcoin season are starting to shape up.
Solana (SOL)
💹 In terms of market value, SOL Coin has experienced an impressive growth period. Until last week, SOL Coin maintained a strong position and is now aiming to hold the $95 threshold. However, it still demonstrates better support than most major altcoins. According to Ali Martinez, in the coming hours, Solana may turn upward thanks to a bullish flag formed on the four-hour chart.
🚀 Solana, known for its fast and cost-effective operations, attracts a significant portion of cryptocurrency investors and has undergone a noticeable recovery in total locked value. Unless we witness a significant cryptocurrency crash, the scenario in which institutions resume speculation on GSOL could make $150 a realistic target.
#cryptocurrecny #Solana2024 #Priceanalysis #predictions
📈 The altcoin bull season is expected to kick off in 2024, fueled by optimism surrounding various events. Halving, interest rate cuts, U.S. elections, the spread of ETFs, and many other events seem to carry the potential for this season. Some analyses indicate that capital movement may have already initiated it.
🔍 Technical experts point to indicators signaling the start of a significant capital shift from Bitcoin to altcoins, such as Solana (SOL), stating that the time has come. The altcoin season index recently rose to 76 out of 100, suggesting that we might be in the early stages, considering the critical threshold is 75.
📉 Historically, the altcoin season is defined as a period when the top 50 altcoins outperform Bitcoin by 75% over 90 days. The last time we saw something similar was in 2022. In the current scenario, cryptocurrencies like Ordi (ORDI), Sei (SEI), Injective (INJ), Solana (SOL) are achieving this, indicating that conditions for the altcoin season are starting to shape up.
Solana (SOL)
💹 In terms of market value, SOL Coin has experienced an impressive growth period. Until last week, SOL Coin maintained a strong position and is now aiming to hold the $95 threshold. However, it still demonstrates better support than most major altcoins. According to Ali Martinez, in the coming hours, Solana may turn upward thanks to a bullish flag formed on the four-hour chart.
🚀 Solana, known for its fast and cost-effective operations, attracts a significant portion of cryptocurrency investors and has undergone a noticeable recovery in total locked value. Unless we witness a significant cryptocurrency crash, the scenario in which institutions resume speculation on GSOL could make $150 a realistic target.
#cryptocurrecny #Solana2024 #Priceanalysis #predictions
🏛️ Will SEC be Triumphed Over Again by the Great Coinbase?
🌐 The cryptocurrency world is gearing up for a major legal showdown as the U.S. Securities and Exchange Commission (SEC) prepares to face Coinbase in court. The hearing on Coinbase's petition is scheduled for Wednesday, January 17.
⚖️ This case has been likened to the protracted legal battle between the SEC and Ripple, raising questions about whether we are on the brink of another lengthy legal dispute. More detailed information will emerge after the hearings on Wednesday.
🔍 The hearings have four possible outcomes, each with its unique consequences:
Scenario 1: The judge rejects Coinbase's request
SEC faces a relatively minor obstacle to victory. All they need to show is that they allege facts that make their claims plausible. If the judge rejects Coinbase's request, the case will continue for a year or more, considering motions for summary judgment, similar to the Ripple case.
Scenario 2: The judge grants Coinbase's “preliminary injunction” request
This outcome would mean that the entire case would be terminated at the district court level. After this, the SEC would have the option to appeal to the Second Circuit Court of Appeals.
Scenario 3: The judge takes the case “without prejudice”
In this case, the SEC would have the opportunity to amend the complaint to address deficiencies noted by the judge. However, if the court determines that the SEC lacks Congress-granted authority to regulate cryptocurrency exchanges, amending it would be futile.
Scenario 4: The judge grants the motion for specific claims
The judge may grant the request regarding claims related to 13 cryptocurrencies but reject it regarding the betting service. The case would then move to the discovery stage, focusing solely on the betting service and whether it meets the requirements of an investment contract.
🤔 While it's unlikely that the judge will make a decision at this hearing, the way he poses questions may provide some hints about the potential outcome.
*This is not investment advice.
#CryptoNews🔒📰🚫
🌐 The cryptocurrency world is gearing up for a major legal showdown as the U.S. Securities and Exchange Commission (SEC) prepares to face Coinbase in court. The hearing on Coinbase's petition is scheduled for Wednesday, January 17.
⚖️ This case has been likened to the protracted legal battle between the SEC and Ripple, raising questions about whether we are on the brink of another lengthy legal dispute. More detailed information will emerge after the hearings on Wednesday.
🔍 The hearings have four possible outcomes, each with its unique consequences:
Scenario 1: The judge rejects Coinbase's request
SEC faces a relatively minor obstacle to victory. All they need to show is that they allege facts that make their claims plausible. If the judge rejects Coinbase's request, the case will continue for a year or more, considering motions for summary judgment, similar to the Ripple case.
Scenario 2: The judge grants Coinbase's “preliminary injunction” request
This outcome would mean that the entire case would be terminated at the district court level. After this, the SEC would have the option to appeal to the Second Circuit Court of Appeals.
Scenario 3: The judge takes the case “without prejudice”
In this case, the SEC would have the opportunity to amend the complaint to address deficiencies noted by the judge. However, if the court determines that the SEC lacks Congress-granted authority to regulate cryptocurrency exchanges, amending it would be futile.
Scenario 4: The judge grants the motion for specific claims
The judge may grant the request regarding claims related to 13 cryptocurrencies but reject it regarding the betting service. The case would then move to the discovery stage, focusing solely on the betting service and whether it meets the requirements of an investment contract.
🤔 While it's unlikely that the judge will make a decision at this hearing, the way he poses questions may provide some hints about the potential outcome.
*This is not investment advice.
#CryptoNews🔒📰🚫
🚀 Best Crypto to Buy This Week – Bonk, Optimism, Arbitrum
📈 The new year brings a fresh impetus to the crypto market: projects like Bonk, Optimism, and Arbitrum are emerging as top contenders for the best cryptocurrency to buy right now.
💹 This week, the price of Bonk surged by over 37% after listing on OKX and continues to list on other platforms, including one of the largest European exchanges, WhiteBIT.
💰 The meme coin is currently trading at $0.0000142, showing positive momentum after a 70% drop from December 15 to January 7.
🌐 Optimism also continues to grow: on January 12, Binance announced support for the upcoming Bedrock network upgrade. The upgrade aims to increase the transaction speed of Optimism as a second-layer Ethereum solution.
📈 Additionally, over the last month, the price of Arbitrum has risen by more than 77%, accompanied by improved on-chain metrics.
🌐 These emerging projects are causing excitement, suggesting that they may become leading contenders for the best cryptocurrency to buy now in the future.
💹 The price of Bonk (BONK) surged by over 37% this week after listing on OKX on January 8. BONK is currently trading at $0.0000142, significantly higher than $0.00000934 just a few days ago.
📉 While deposits and withdrawals of Optimism (OP) tokens will be suspended during the Bedrock upgrade on January 12, OP trading will continue without interruptions. The upgrade aims to enhance the transaction speed of Optimism, serving as a Layer 2 scaling solution for Ethereum.
🔄 According to Binance, it will address all technical requirements of OP holders, allowing users to benefit from the improved Optimism network.
📈 The price of Arbitrum has risen by more than 77% in the last month, concurrently with improved on-chain metrics. The total value locked in Arbitrum recently exceeded $2.5 billion, more than doubling the amount in January 2023.
💹 As the cryptocurrency market shows ongoing signs of recovery, presales like Sponge V2 Token and Bitcoin Minetrix offer alternatives for diversifying portfolios beyond traditional coins.
📈 The new year brings a fresh impetus to the crypto market: projects like Bonk, Optimism, and Arbitrum are emerging as top contenders for the best cryptocurrency to buy right now.
💹 This week, the price of Bonk surged by over 37% after listing on OKX and continues to list on other platforms, including one of the largest European exchanges, WhiteBIT.
💰 The meme coin is currently trading at $0.0000142, showing positive momentum after a 70% drop from December 15 to January 7.
🌐 Optimism also continues to grow: on January 12, Binance announced support for the upcoming Bedrock network upgrade. The upgrade aims to increase the transaction speed of Optimism as a second-layer Ethereum solution.
📈 Additionally, over the last month, the price of Arbitrum has risen by more than 77%, accompanied by improved on-chain metrics.
🌐 These emerging projects are causing excitement, suggesting that they may become leading contenders for the best cryptocurrency to buy now in the future.
💹 The price of Bonk (BONK) surged by over 37% this week after listing on OKX on January 8. BONK is currently trading at $0.0000142, significantly higher than $0.00000934 just a few days ago.
📉 While deposits and withdrawals of Optimism (OP) tokens will be suspended during the Bedrock upgrade on January 12, OP trading will continue without interruptions. The upgrade aims to enhance the transaction speed of Optimism, serving as a Layer 2 scaling solution for Ethereum.
🔄 According to Binance, it will address all technical requirements of OP holders, allowing users to benefit from the improved Optimism network.
📈 The price of Arbitrum has risen by more than 77% in the last month, concurrently with improved on-chain metrics. The total value locked in Arbitrum recently exceeded $2.5 billion, more than doubling the amount in January 2023.
💹 As the cryptocurrency market shows ongoing signs of recovery, presales like Sponge V2 Token and Bitcoin Minetrix offer alternatives for diversifying portfolios beyond traditional coins.
🚀 Bitfinex Announces Listing of 9GAG MEME Token
😄 In my teenage years, I absolutely loved the memes from 9GAG, so the news made me smile and once again revisit what this new asset from them - MEME - is all about. Nowadays, more and more meme tokens are being released, catching hype from users, like the well-known BONK that I've been hearing about from everywhere for several months.
📰 Bitfinex has confirmed the addition of Memecoin (MEME) to its list of tradable tokens. MEME is the ecosystem token of Memeland, a venture web studio created by the popular meme platform 9GAG.
🤝 The integration of MEME into the Bitfinex platform is a nod to the growing influence of internet culture in the crypto space. Memecoin aims to blend humor with technology, offering users a unique way to interact with the Web3 community and participate in various events.
📅 Starting from January 9, 2024, users will be able to place MEME on Bitfinex. Trading is scheduled to commence on January 11, with MEME pegged to the US dollar and Tether tokens. Withdrawals will follow shortly after and will be available on January 12.
#MEMEBullRun #cryptocrurrency #newscrypto
😄 In my teenage years, I absolutely loved the memes from 9GAG, so the news made me smile and once again revisit what this new asset from them - MEME - is all about. Nowadays, more and more meme tokens are being released, catching hype from users, like the well-known BONK that I've been hearing about from everywhere for several months.
📰 Bitfinex has confirmed the addition of Memecoin (MEME) to its list of tradable tokens. MEME is the ecosystem token of Memeland, a venture web studio created by the popular meme platform 9GAG.
🤝 The integration of MEME into the Bitfinex platform is a nod to the growing influence of internet culture in the crypto space. Memecoin aims to blend humor with technology, offering users a unique way to interact with the Web3 community and participate in various events.
📅 Starting from January 9, 2024, users will be able to place MEME on Bitfinex. Trading is scheduled to commence on January 11, with MEME pegged to the US dollar and Tether tokens. Withdrawals will follow shortly after and will be available on January 12.
#MEMEBullRun #cryptocrurrency #newscrypto
🎮 New Level 3 Gaming Network Arbitrum Xai Launches XAI Token
🌐 This morning marked the first major gaming token giveaway in 2024 as the gaming network Xai distributed its XAI token to eligible users.
📊 According to the Xai Foundation, it is offering 125 million XAI tokens (or 5% of the total) to eligible users, including owners of specific Xai NFTs and those managing Sentry Nodes or validators that help maintain the network.
💲 XAI debuted at just under $0.68 early Tuesday morning, according to CoinGecko, and rose to a high above $0.77, then dropped to the current price of $0.57. As of writing, XAI's daily decline was 15%, which is 20% below the peak price.
💸 Airdropped tokens are known to be volatile from the start, but even in this case, the total value of the giveaway currently stands at almost $70 million. At the time of writing, the market capitalization is just over $154 million USD, with over 277 million tokens in circulation, including those received through the airdrop.
💼 Sentry Node operators and some NFT owners can claim XAI tokens worth several hundred dollars. Node operators, for example, can claim 1658 XAI for each owned key — nearly $925 at the current price. Vanguard NFT owners can claim 1307 XAI, or about $730 USD, and Legendary NFT owners can claim 290 XAI ( $162).
🎁 The Xai Foundation announced the “2nd season” of token rewards for users but has not yet specified how network users can potentially earn additional rewards. Some owners of lower-tier Xai NFTs than “Vanguard” or “Legendary” complained on social media that they were not included in this initial distribution.
🕹️ The Xai network was developed by the Xai Foundation in collaboration with Arbitrum Offchain Labs creator and game studio Ex Populus.
🎮 The first games for Xai are being developed by Ex Populus, including Final Form, a deck-building card game with elements of automatic combat. Another game from the studio is LAMO, an online world where cartoon characters battle.
🌐 This morning marked the first major gaming token giveaway in 2024 as the gaming network Xai distributed its XAI token to eligible users.
📊 According to the Xai Foundation, it is offering 125 million XAI tokens (or 5% of the total) to eligible users, including owners of specific Xai NFTs and those managing Sentry Nodes or validators that help maintain the network.
💲 XAI debuted at just under $0.68 early Tuesday morning, according to CoinGecko, and rose to a high above $0.77, then dropped to the current price of $0.57. As of writing, XAI's daily decline was 15%, which is 20% below the peak price.
💸 Airdropped tokens are known to be volatile from the start, but even in this case, the total value of the giveaway currently stands at almost $70 million. At the time of writing, the market capitalization is just over $154 million USD, with over 277 million tokens in circulation, including those received through the airdrop.
💼 Sentry Node operators and some NFT owners can claim XAI tokens worth several hundred dollars. Node operators, for example, can claim 1658 XAI for each owned key — nearly $925 at the current price. Vanguard NFT owners can claim 1307 XAI, or about $730 USD, and Legendary NFT owners can claim 290 XAI ( $162).
🎁 The Xai Foundation announced the “2nd season” of token rewards for users but has not yet specified how network users can potentially earn additional rewards. Some owners of lower-tier Xai NFTs than “Vanguard” or “Legendary” complained on social media that they were not included in this initial distribution.
🕹️ The Xai network was developed by the Xai Foundation in collaboration with Arbitrum Offchain Labs creator and game studio Ex Populus.
🎮 The first games for Xai are being developed by Ex Populus, including Final Form, a deck-building card game with elements of automatic combat. Another game from the studio is LAMO, an online world where cartoon characters battle.
📉 Concerns About Increased Volatility of Solana
📊 Trader Kaz The Shadow recently shared a comprehensive market overview and warned investors of the expected increase in volatility during the week. He emphasized that people without experience in dealing with market fluctuations and complex movements should exercise caution or consider reducing the size of their trades.
📈 Analysts have differing opinions regarding the short-term direction of Solana's activity. Jelle forecasts a potential Solana retracement, suggesting that the cryptocurrency may fall to $70 during the ongoing bull market. This analysis implies that after successfully testing the $70 support level, the final upward trend will continue.
📉 Pentoši shares a similar opinion, predicting that Solana will be sold down to the $70 level before recovering and continuing its growth. Amidst this uncertainty, these analysts agree on the possibility of a short-term pullback of the Solana altcoin before it shows any bullish momentum.
🤔 However, not all analysts share an optimistic view of Solana's near future. Crypto Dog presents a theory proposing that the market might be approaching the peak of the current cycle. If this perspective is correct, given the proximity to Bitcoin's halving process, it would be an unprecedented situation.
📈 Crypto Dog associates the recent market rally with expectations surrounding the Bitcoin ETF and notes that the catalyst is likely to continue its effect.
💹 At the time of writing, the price of Solana has not dropped to the $70 level mentioned by analysts. The price rebounded from the $85 level. The current cost of SOL is $99.
🤝 My friend and I also choose Solana for investment. I trade on WhiteBIT, while my friend, opting for diversity and a wide range of assets, decides Gate.io. He bought a significant amount of BONK there, which showed good results with a +10% increase in a week and a total growth of 10939.21% over time. But what awaits it in the future? 🚀
$SOL $BONK $BTC
📊 Trader Kaz The Shadow recently shared a comprehensive market overview and warned investors of the expected increase in volatility during the week. He emphasized that people without experience in dealing with market fluctuations and complex movements should exercise caution or consider reducing the size of their trades.
📈 Analysts have differing opinions regarding the short-term direction of Solana's activity. Jelle forecasts a potential Solana retracement, suggesting that the cryptocurrency may fall to $70 during the ongoing bull market. This analysis implies that after successfully testing the $70 support level, the final upward trend will continue.
📉 Pentoši shares a similar opinion, predicting that Solana will be sold down to the $70 level before recovering and continuing its growth. Amidst this uncertainty, these analysts agree on the possibility of a short-term pullback of the Solana altcoin before it shows any bullish momentum.
🤔 However, not all analysts share an optimistic view of Solana's near future. Crypto Dog presents a theory proposing that the market might be approaching the peak of the current cycle. If this perspective is correct, given the proximity to Bitcoin's halving process, it would be an unprecedented situation.
📈 Crypto Dog associates the recent market rally with expectations surrounding the Bitcoin ETF and notes that the catalyst is likely to continue its effect.
💹 At the time of writing, the price of Solana has not dropped to the $70 level mentioned by analysts. The price rebounded from the $85 level. The current cost of SOL is $99.
🤝 My friend and I also choose Solana for investment. I trade on WhiteBIT, while my friend, opting for diversity and a wide range of assets, decides Gate.io. He bought a significant amount of BONK there, which showed good results with a +10% increase in a week and a total growth of 10939.21% over time. But what awaits it in the future? 🚀
$SOL $BONK $BTC
"Ready Player One" Meets Web3
Readyverse Studios, the brainchild of Futureverse, a company specializing in the metaverse, founded by writer Ernest Cline and film producer Dan Farah, has signed an intellectual property rights agreement for "Ready Player One" with Warner Bros. Discovery. According to Variety, the new studio will bring the virtual universe to life.
📖 For those unfamiliar with the book or film, "Ready Player One" is set in a dystopian future where much of humanity is connected to a virtual wonderland called the OASIS. The story follows Wade Watts, who investigates a series of clues hidden by the creator of OASIS within a global competition.
📅 The novel, which debuted in 2011, garnered several awards and was adapted by director Steven Spielberg in 2018.
🚀 According to Variety, the new metaverse inspired by RP1 is set to launch sometime this year, although the exact date has not been disclosed.
💬 "Thanks to Readyverse Studios, we have the opportunity to use the revolutionary technology that Futureverse has been developing for years to bring to life the best possible version of the metaverse," said Cline in a statement to Variety.
🌐 Visa Joins the Web3 Movement
Visa is testing a customer loyalty program for Web3. Brands can launch digital wallets that allow customers to accumulate points and experiences.
💡 "Imagine earning a unique digital collectible, whether it's buying tickets to a sports event or participating in a treasure hunt in augmented reality," said Kathleen Pierce-Gilmore, Senior Vice President at Visa and Global Head of Solution Issuance, in a statement.
📊 Interesting Stat:
OpenSea has become the fourth most popular NFT trading platform by weekly trading volume. According to DappRadar, it now trails behind Blur, OKX, and Magic Eden.
🔍 Also Worth Noting:
Influencer Logan Paul reportedly plans to refund those who purchased his unreleased NFT game CryptoZoo.
🎮 According to Kotaku, Paul is investing around $2.3 million in a buyback process for NFTs purchased by those waiting for the game's launch.
🦄 CryptoZoo was previously the subject of a YouTube investigation, claiming misconduct by some project participants. Paul argued that the project was "sabotaged by villains" who stole funds.
💬 "This buyback is a way for me to save those who intended to play CryptoZoo. The buyback is not intended to compensate those who played the cryptocurrency market and lost," Paul stated this week.
📖 For those unfamiliar with the book or film, "Ready Player One" is set in a dystopian future where much of humanity is connected to a virtual wonderland called the OASIS. The story follows Wade Watts, who investigates a series of clues hidden by the creator of OASIS within a global competition.
📅 The novel, which debuted in 2011, garnered several awards and was adapted by director Steven Spielberg in 2018.
🚀 According to Variety, the new metaverse inspired by RP1 is set to launch sometime this year, although the exact date has not been disclosed.
💬 "Thanks to Readyverse Studios, we have the opportunity to use the revolutionary technology that Futureverse has been developing for years to bring to life the best possible version of the metaverse," said Cline in a statement to Variety.
🌐 Visa Joins the Web3 Movement
Visa is testing a customer loyalty program for Web3. Brands can launch digital wallets that allow customers to accumulate points and experiences.
💡 "Imagine earning a unique digital collectible, whether it's buying tickets to a sports event or participating in a treasure hunt in augmented reality," said Kathleen Pierce-Gilmore, Senior Vice President at Visa and Global Head of Solution Issuance, in a statement.
📊 Interesting Stat:
OpenSea has become the fourth most popular NFT trading platform by weekly trading volume. According to DappRadar, it now trails behind Blur, OKX, and Magic Eden.
🔍 Also Worth Noting:
Influencer Logan Paul reportedly plans to refund those who purchased his unreleased NFT game CryptoZoo.
🎮 According to Kotaku, Paul is investing around $2.3 million in a buyback process for NFTs purchased by those waiting for the game's launch.
🦄 CryptoZoo was previously the subject of a YouTube investigation, claiming misconduct by some project participants. Paul argued that the project was "sabotaged by villains" who stole funds.
💬 "This buyback is a way for me to save those who intended to play CryptoZoo. The buyback is not intended to compensate those who played the cryptocurrency market and lost," Paul stated this week.
Importance, Work, and Key Features of AML Checks
💼 AML (Anti-Money Laundering) cryptocurrency checks are a system of measures aimed at preventing the use of financial instruments for money laundering and terrorist financing. In the context of digital assets, AML policies are used to detect and prevent illegal financial transactions in the digital sector.
🤔 How does it work, and what are the key features of AML checks?
🔒 The process involves several stages, among which the following can be highlighted:
1)KYC (Know Your Customer).
Users need to provide personal information and documents to confirm their identity. Passport data, identity cards, or other identification documents are most commonly used. KYC, as part of AML checks, helps establish the authenticity of the client, verify their identity and address, allowing financial organizations to work with reliable and legitimate clients.
2)Transaction Monitoring.
AML checks involve a set of systems that continuously monitor transactions to identify suspicious behavior patterns or transfers that may be associated with illegal activities.
3) Risk Assessment.
AML involves assessing the potential risk of using financial resources for illegal purposes based on analytical data.
4) Legal Compliance.
If you need cryptocurrency, the exchange also uses the presented approach to determine compliance with international legislative requirements related to combating terrorism financing.
❓ In which cases may AML checks be required when dealing with cryptocurrency?
📈 Some AML policy rules already start functioning at the initial stages of interaction with cryptocurrency exchanges. Afterward, you may encounter the procedure in the following cases:
Conducting large transactions. When making significant transactions in buying or selling digital coins on exchanges, additional cryptocurrency checks may be required to comply with AML standards. Working with cryptocurrency wallets. When using online wallets for storing or transferring cryptocurrencies, a check of the origin of digital assets and identity may be required to enhance security and comply with AML requirements.ICOs and Crowdsales. Participating in Initial Coin Offerings (ICOs) or crowdsales of projects may require KYC and AML checks to guarantee the safety of investors.
🌐 AML policies in the cryptocurrency field help prevent financial crimes, money laundering, and terrorism financing, ensuring the safety of all users on leading cryptocurrency exchanges such as WhiteBIT, Binance, and KuCoin.
💻 By the way, one of the most popular companies engaged in auditing the security of Web3 projects is Hacken, which holds a key position in the market and timely conducts security audits. Their project list includes well-known names like NEAR, KuCoin, and 1inch.
🤔 How does it work, and what are the key features of AML checks?
🔒 The process involves several stages, among which the following can be highlighted:
1)KYC (Know Your Customer).
Users need to provide personal information and documents to confirm their identity. Passport data, identity cards, or other identification documents are most commonly used. KYC, as part of AML checks, helps establish the authenticity of the client, verify their identity and address, allowing financial organizations to work with reliable and legitimate clients.
2)Transaction Monitoring.
AML checks involve a set of systems that continuously monitor transactions to identify suspicious behavior patterns or transfers that may be associated with illegal activities.
3) Risk Assessment.
AML involves assessing the potential risk of using financial resources for illegal purposes based on analytical data.
4) Legal Compliance.
If you need cryptocurrency, the exchange also uses the presented approach to determine compliance with international legislative requirements related to combating terrorism financing.
❓ In which cases may AML checks be required when dealing with cryptocurrency?
📈 Some AML policy rules already start functioning at the initial stages of interaction with cryptocurrency exchanges. Afterward, you may encounter the procedure in the following cases:
Conducting large transactions. When making significant transactions in buying or selling digital coins on exchanges, additional cryptocurrency checks may be required to comply with AML standards. Working with cryptocurrency wallets. When using online wallets for storing or transferring cryptocurrencies, a check of the origin of digital assets and identity may be required to enhance security and comply with AML requirements.ICOs and Crowdsales. Participating in Initial Coin Offerings (ICOs) or crowdsales of projects may require KYC and AML checks to guarantee the safety of investors.
🌐 AML policies in the cryptocurrency field help prevent financial crimes, money laundering, and terrorism financing, ensuring the safety of all users on leading cryptocurrency exchanges such as WhiteBIT, Binance, and KuCoin.
💻 By the way, one of the most popular companies engaged in auditing the security of Web3 projects is Hacken, which holds a key position in the market and timely conducts security audits. Their project list includes well-known names like NEAR, KuCoin, and 1inch.
🚀 Celestia ($TIA ) Aims for Another Streak of Massive Success
📈 $TIA may continue its upward trajectory based on the recent price action and bullish indicators on the chart.
💹 $TIA , the native token of the Celestia blockchain, appears set to continue its steady price growth after breaking out of consolidation in a tight price range.
📅 Throughout December 2023, $TIA traded between price levels of $11.8 and $15.1 but started 2024 with a powerful surge to the $17 price level. Although the price retraced to $15, price behavior on lower timeframes and chart indicators suggest another bullish wave that could push $TIA to $20.
📈 Buyer Pressure Could Trigger Further Rise for $TIA
💰 $TIA took a 35% pump from the $11.8 support level to overcome bearish resistance at $15.1. However, sellers at the resistance level pulled back, dropping by 13%, holding $TIA at the $15 level.
📉 Despite the bearish pullback, chart indicators highlighted growing bullish strength: the Relative Strength Index (RSI) showed a bullish value of 55, signaling that buyers have a short-term momentum.
💹 The Chaikin Money Flow (CMF) indicated significant capital outflow in the short term. However, this could be a strategy to enter $TIA at lower prices for profit accumulation. Judging by the price action and chart indicators, closing a new bullish candle above $15 could boost TIA's price to $17 in the short term.
💡 As Celestia continues to actively develop as a modular blockchain, making blockchain launches as easy as deploying a smart contract, $TIA will likely maintain high demand and trade on major exchanges, including some of the most popular ones in Europe: WhiteBIT, Binance, and OKX. This represents significant price growth potential and a good crypto asset for investors.
🛑 Disclaimer: This post is based on news from blockhead.co and does not constitute trading, investment, financial, or other advice. Please conduct thorough research before making any trading or investment decisions.
#CelestiaToTheMoon #CelestiaTIA
📈 $TIA may continue its upward trajectory based on the recent price action and bullish indicators on the chart.
💹 $TIA , the native token of the Celestia blockchain, appears set to continue its steady price growth after breaking out of consolidation in a tight price range.
📅 Throughout December 2023, $TIA traded between price levels of $11.8 and $15.1 but started 2024 with a powerful surge to the $17 price level. Although the price retraced to $15, price behavior on lower timeframes and chart indicators suggest another bullish wave that could push $TIA to $20.
📈 Buyer Pressure Could Trigger Further Rise for $TIA
💰 $TIA took a 35% pump from the $11.8 support level to overcome bearish resistance at $15.1. However, sellers at the resistance level pulled back, dropping by 13%, holding $TIA at the $15 level.
📉 Despite the bearish pullback, chart indicators highlighted growing bullish strength: the Relative Strength Index (RSI) showed a bullish value of 55, signaling that buyers have a short-term momentum.
💹 The Chaikin Money Flow (CMF) indicated significant capital outflow in the short term. However, this could be a strategy to enter $TIA at lower prices for profit accumulation. Judging by the price action and chart indicators, closing a new bullish candle above $15 could boost TIA's price to $17 in the short term.
💡 As Celestia continues to actively develop as a modular blockchain, making blockchain launches as easy as deploying a smart contract, $TIA will likely maintain high demand and trade on major exchanges, including some of the most popular ones in Europe: WhiteBIT, Binance, and OKX. This represents significant price growth potential and a good crypto asset for investors.
🛑 Disclaimer: This post is based on news from blockhead.co and does not constitute trading, investment, financial, or other advice. Please conduct thorough research before making any trading or investment decisions.
#CelestiaToTheMoon #CelestiaTIA
📉 Solana Faces NFT Sales Decline, While Polygon Gains Traction
💸 Solana NFT Sales Decline by 17.17%
NFT sales on Solana experienced a noticeable drop of 17.17%, with the total sales volume reaching $4.5 million. This decline sharply contrasts with Polygon's impressive 84.94% increase in trading volume, reaching $9 million. The difference in performance between these two blockchain platforms indicates the dynamic nature of the NFT market.
🔄 Ethereum Maintains NFT Dominance
Despite fluctuations in trading volume, Ethereum retains its position in the NFT space. Ethereum's NFT sales volume amounted to $13.4 million, signifying a substantial growth of 29.65%. Such high performance confirms Ethereum's leadership in the NFT world.
💰 Bitcoin Remains Stable in NFT Transactions
Bitcoin, traditionally less closely associated with NFT transactions than Ethereum, surprisingly remained stable with a sales volume of $13,016,115, despite a 18.52% decrease. This suggests that Bitcoin should not be underestimated in the NFT market, although its role is somewhat less prominent than Ethereum's.
📊 NFT Volume Data for the Last 30 Days Reflects Dominance
Considering NFT volume data for the last 30 days, Bitcoin emerges as a dominant player with sales volume approaching an impressive $872.7 million. Ethereum also maintains a stable presence, with an active market totaling over $709.7 million, despite concerns about high trading volumes.
🚀 Solana and Polygon Demonstrate Significant Activity
Solana and Polygon demonstrate significant activity, with total sales volumes of approximately $334 million and $99.4 million, respectively. They continue to trade on major platforms such as Binance, WhiteBIT, and OKX. These figures underscore the evolving NFT environment across various blockchain platforms.
#Solana-SOL #MATİC #EthereumVsSolana
💸 Solana NFT Sales Decline by 17.17%
NFT sales on Solana experienced a noticeable drop of 17.17%, with the total sales volume reaching $4.5 million. This decline sharply contrasts with Polygon's impressive 84.94% increase in trading volume, reaching $9 million. The difference in performance between these two blockchain platforms indicates the dynamic nature of the NFT market.
🔄 Ethereum Maintains NFT Dominance
Despite fluctuations in trading volume, Ethereum retains its position in the NFT space. Ethereum's NFT sales volume amounted to $13.4 million, signifying a substantial growth of 29.65%. Such high performance confirms Ethereum's leadership in the NFT world.
💰 Bitcoin Remains Stable in NFT Transactions
Bitcoin, traditionally less closely associated with NFT transactions than Ethereum, surprisingly remained stable with a sales volume of $13,016,115, despite a 18.52% decrease. This suggests that Bitcoin should not be underestimated in the NFT market, although its role is somewhat less prominent than Ethereum's.
📊 NFT Volume Data for the Last 30 Days Reflects Dominance
Considering NFT volume data for the last 30 days, Bitcoin emerges as a dominant player with sales volume approaching an impressive $872.7 million. Ethereum also maintains a stable presence, with an active market totaling over $709.7 million, despite concerns about high trading volumes.
🚀 Solana and Polygon Demonstrate Significant Activity
Solana and Polygon demonstrate significant activity, with total sales volumes of approximately $334 million and $99.4 million, respectively. They continue to trade on major platforms such as Binance, WhiteBIT, and OKX. These figures underscore the evolving NFT environment across various blockchain platforms.
#Solana-SOL #MATİC #EthereumVsSolana
🤖💰 AI vs. Cryptocurrencies: Bill Gates' Perspective
🔍 Google searches for the term "AI" surpassed bitcoins and cryptocurrencies in the number of queries this year, and according to Collins Dictionary, "AI" has become the most recognizable word of 2023.
🌐 In 2023, the search interest in artificial intelligence far exceeded the interest in cryptocurrencies or bitcoins. According to Google Trends, the global search interest in "AI" is currently rated at 91, while for Bitcoin, it stands at 22. Google evaluates search queries on a scale from 0 to 100 depending on the share of the topic in the overall volume of search queries across all topics.
💹 Although the current results may not be surprising, considering that Bitcoin is experiencing a bullish trend and is trading at $45,128, demonstrating a complete recovery after a bearish phase and regaining lost positions.
🌐 Edain (EAI) Project Ecosystem is a functional big data analysis system based on artificial intelligence. AI analyzes information, classifies, and determines relationships to provide users with necessary data and assist them in decision-making. Users interact with the platform's services using the EAI token. By the way, EAI is listed on major cryptocurrency exchanges such as WhiteBIT, Binance, and Gate.io.
🔍 Google searches for the term "AI" surpassed bitcoins and cryptocurrencies in the number of queries this year, and according to Collins Dictionary, "AI" has become the most recognizable word of 2023.
🌐 In 2023, the search interest in artificial intelligence far exceeded the interest in cryptocurrencies or bitcoins. According to Google Trends, the global search interest in "AI" is currently rated at 91, while for Bitcoin, it stands at 22. Google evaluates search queries on a scale from 0 to 100 depending on the share of the topic in the overall volume of search queries across all topics.
💹 Although the current results may not be surprising, considering that Bitcoin is experiencing a bullish trend and is trading at $45,128, demonstrating a complete recovery after a bearish phase and regaining lost positions.
🌐 Edain (EAI) Project Ecosystem is a functional big data analysis system based on artificial intelligence. AI analyzes information, classifies, and determines relationships to provide users with necessary data and assist them in decision-making. Users interact with the platform's services using the EAI token. By the way, EAI is listed on major cryptocurrency exchanges such as WhiteBIT, Binance, and Gate.io.
🎉 Bitcoin's Genesis Block, Built 15 Years Ago Today!
🔗 Block 0 truly stands as Bitcoin's genesis block: there was nothing before it, and after it — the world of Bitcoin. Despite its pivotal role in blockchain history, it's atypical compared to all other Bitcoin blocks—it wasn't "mined," its coins in the coinbase cannot be "spent," and there were no other users except Satoshi Nakamoto.
🔍 Block #000001 initiated the familiar process we see every ten minutes, marking the day when the Bitcoin network became publicly accessible. However, the "Block of Being" appeared on January 3, 2009, six DAYS before Block #000001 (January 9). January 9 is the true “birthday” of Bitcoin.
🌐 During that six-day period, there was no Bitcoin network except the one in Dr. Craig Wright's garage farm in Banyule, New South Wales, and no transaction processors . The Genesis Block was manually created on Windows XP, and the network faced some difficulties before running again.
🎂 Today, the Genesis Block serves as the benchmark “anchor” used for setting up wallets and other software that verifies the entire blockchain.
💡 In 2019, a series of remarkable articles were published, explaining in detail the prehistory of the Block of Being by Dr. Wright himself. Before that, the Genesis Block was somewhat of a puzzle for the entire Bitcoin world. The main topic of discussion was the message Satoshi Nakamoto placed in the coinbase hash of Block 0: "The Times 03/Jan/2009 Chancellor on brink of second bailout for banks."
📜 It also emphasised that governments are intervening in the economy and financial markets. The reasons for its inclusion, often mistakenly interpreted as anti-banking and/or anti-government, have since been clarified by Dr. Wright: governments and banks still play an important role, but both must remain in check.
🚨 Satoshi's warning went unnoticed by authorities, and Western economies continue to approach the precipice. Fortunately, some heeded this message, and over the next decade or so, these individuals became "Bitcoiners."
🔗 Block 0 truly stands as Bitcoin's genesis block: there was nothing before it, and after it — the world of Bitcoin. Despite its pivotal role in blockchain history, it's atypical compared to all other Bitcoin blocks—it wasn't "mined," its coins in the coinbase cannot be "spent," and there were no other users except Satoshi Nakamoto.
🔍 Block #000001 initiated the familiar process we see every ten minutes, marking the day when the Bitcoin network became publicly accessible. However, the "Block of Being" appeared on January 3, 2009, six DAYS before Block #000001 (January 9). January 9 is the true “birthday” of Bitcoin.
🌐 During that six-day period, there was no Bitcoin network except the one in Dr. Craig Wright's garage farm in Banyule, New South Wales, and no transaction processors . The Genesis Block was manually created on Windows XP, and the network faced some difficulties before running again.
🎂 Today, the Genesis Block serves as the benchmark “anchor” used for setting up wallets and other software that verifies the entire blockchain.
💡 In 2019, a series of remarkable articles were published, explaining in detail the prehistory of the Block of Being by Dr. Wright himself. Before that, the Genesis Block was somewhat of a puzzle for the entire Bitcoin world. The main topic of discussion was the message Satoshi Nakamoto placed in the coinbase hash of Block 0: "The Times 03/Jan/2009 Chancellor on brink of second bailout for banks."
📜 It also emphasised that governments are intervening in the economy and financial markets. The reasons for its inclusion, often mistakenly interpreted as anti-banking and/or anti-government, have since been clarified by Dr. Wright: governments and banks still play an important role, but both must remain in check.
🚨 Satoshi's warning went unnoticed by authorities, and Western economies continue to approach the precipice. Fortunately, some heeded this message, and over the next decade or so, these individuals became "Bitcoiners."
🚀 Polkadot (DOT) Demonstrates Prospects Amid Market Fluctuations
💹 Thanks to its price surge, $DOT enters the top 10 cryptocurrencies by market capitalization. Alongside DOT, $SOL and $AVAX have recently shown promising results. However, considering the latest data, it seems that DOT is performing better than the other two.
📈 In the last month of 2024, the altcoin recorded a significant price increase. According to CoinMarketCap, DOT has shown growth of over 48% in the last 30 days. At the time of writing, DOT is trading at $8.13 with a market capitalization of over $10 billion. Due to the bullish rally, DOT has become the 11th largest cryptocurrency by market capitalization. Despite SOL and AVAX also achieving promising success during the same period, popular cryptocurrency analyst Tony noted that, despite the two having several resistance levels, DOT has a clear path forward as it has not yet reached its first resistance level.
📉 To better understand whether DOT's progress will be smooth, experts examined the Polkadot liquidation chart. The token experienced significant growth in liquidation around $9.2, then started to decrease in price. Polkadot's liquidation intensified as its price reached $8.6, leading to further price decline.
🔍 Will 2024 Be the Key Year for DOT's Price Jump?
📅 For this reason, DOT may need to rise above these levels to start a bullish rally in 2024. Despite DOT's price growth in the past month, its recent price movement has turned into a downtrend. The fact that DOT experienced a 13% decrease in the last seven days clearly demonstrates this. However, another positive aspect is the reduction of open positions as the token's price falls. When open positions decrease, the likelihood of a trend reversal may increase, indicating potential price growth.
#Polkadot #Cryptocurrrency #Trends2024
💹 Thanks to its price surge, $DOT enters the top 10 cryptocurrencies by market capitalization. Alongside DOT, $SOL and $AVAX have recently shown promising results. However, considering the latest data, it seems that DOT is performing better than the other two.
📈 In the last month of 2024, the altcoin recorded a significant price increase. According to CoinMarketCap, DOT has shown growth of over 48% in the last 30 days. At the time of writing, DOT is trading at $8.13 with a market capitalization of over $10 billion. Due to the bullish rally, DOT has become the 11th largest cryptocurrency by market capitalization. Despite SOL and AVAX also achieving promising success during the same period, popular cryptocurrency analyst Tony noted that, despite the two having several resistance levels, DOT has a clear path forward as it has not yet reached its first resistance level.
📉 To better understand whether DOT's progress will be smooth, experts examined the Polkadot liquidation chart. The token experienced significant growth in liquidation around $9.2, then started to decrease in price. Polkadot's liquidation intensified as its price reached $8.6, leading to further price decline.
🔍 Will 2024 Be the Key Year for DOT's Price Jump?
📅 For this reason, DOT may need to rise above these levels to start a bullish rally in 2024. Despite DOT's price growth in the past month, its recent price movement has turned into a downtrend. The fact that DOT experienced a 13% decrease in the last seven days clearly demonstrates this. However, another positive aspect is the reduction of open positions as the token's price falls. When open positions decrease, the likelihood of a trend reversal may increase, indicating potential price growth.
#Polkadot #Cryptocurrrency #Trends2024
📈 Why is Tether (USDT) Trending?
👔 Tether CEO Paolo Ardoino announced that the company's stablecoin USDT has reached a significant market capitalization of $91.5 billion. This surge underscores the growing prominence of the stablecoin in the cryptocurrency market. Ardoino attributes this success to the team's unwavering commitment to innovation and responsiveness to community feedback.
💼 Diverse Investments and Collaborations by Tether
🚀 Tether's expansion goes beyond its operations with stablecoins. Ardoino introduced a portfolio of diverse investments, including projects like Holpunch, Synonym, Northern Data, and Tether Energy. These ventures represent the company's ambitious foray into peer-to-peer technologies, Bitcoin product accessibility, artificial intelligence infrastructure, and Bitcoin mining.
🔐 Additionally, Tether has strengthened its commitment to compliance and security. The company collaborates with key U.S. government agencies, including the Secret Service and the FBI. This collaboration aims to combat crime and contribute to creating a safer financial ecosystem, reinforcing Tether's commitment to responsible management in the digital currency space.
🔮 Looking Ahead to 2024
🚀 Looking into the future until 2024, Paolo Ardoino hinted at the launch of innovative products and the improvement of existing offerings. This forward-thinking approach signifies Tether's ongoing commitment to innovation and growth, promising exciting developments in the digital currency sector.
🌐 Notably, these recent achievements and future plans highlight the dynamic development of the company in the world of digital currencies. From reaching a new record market capitalization to participating in various innovative projects and strengthening partnerships with law enforcement agencies, Tether sets a benchmark in the industry. Anticipation for new projects in 2024 intensifies excitement, demonstrating the issuer's relentless pursuit of excellence and innovation.
#TetherUpdate #Cryptocurrrency #TrendingTopicChallenge
👔 Tether CEO Paolo Ardoino announced that the company's stablecoin USDT has reached a significant market capitalization of $91.5 billion. This surge underscores the growing prominence of the stablecoin in the cryptocurrency market. Ardoino attributes this success to the team's unwavering commitment to innovation and responsiveness to community feedback.
💼 Diverse Investments and Collaborations by Tether
🚀 Tether's expansion goes beyond its operations with stablecoins. Ardoino introduced a portfolio of diverse investments, including projects like Holpunch, Synonym, Northern Data, and Tether Energy. These ventures represent the company's ambitious foray into peer-to-peer technologies, Bitcoin product accessibility, artificial intelligence infrastructure, and Bitcoin mining.
🔐 Additionally, Tether has strengthened its commitment to compliance and security. The company collaborates with key U.S. government agencies, including the Secret Service and the FBI. This collaboration aims to combat crime and contribute to creating a safer financial ecosystem, reinforcing Tether's commitment to responsible management in the digital currency space.
🔮 Looking Ahead to 2024
🚀 Looking into the future until 2024, Paolo Ardoino hinted at the launch of innovative products and the improvement of existing offerings. This forward-thinking approach signifies Tether's ongoing commitment to innovation and growth, promising exciting developments in the digital currency sector.
🌐 Notably, these recent achievements and future plans highlight the dynamic development of the company in the world of digital currencies. From reaching a new record market capitalization to participating in various innovative projects and strengthening partnerships with law enforcement agencies, Tether sets a benchmark in the industry. Anticipation for new projects in 2024 intensifies excitement, demonstrating the issuer's relentless pursuit of excellence and innovation.
#TetherUpdate #Cryptocurrrency #TrendingTopicChallenge
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