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Showing posts from July, 2023

Could IOTA20, a Simpler Version of IOTA, See a 13,628x Increase in Value as its Predecessor Did in its Bull Run?

Join Our Telegram channel to stay up to date on breaking news coverage The freshly introduced IOTA20 token revitalizes the IoT-oriented crypto ecosystem, IOTA, and represents the latest noteworthy addition inspired by the ‘meta 2.0’ theme. In its inception, IOTA ($MIOTA) yielded a significant return of 13,6280x for early backers when it peaked at $5.69, having been launched at an ICO price of 0.00000133 BTC ($0.00041762) in 2015, back when bitcoin was $314. IOTA20 is poised to replicate such profits potentially, providing fresh momentum for IOTA. Potential investors should not underestimate the allure of the 2.0 version theme. As the crypto market readies for a possible unprecedented bull run, newcomers like IOTA20, leveraging pre-established projects and promising substantial returns, are emerging as profitable investment options. PEPE2.0 surges by 20,000%. Is IOTA20 next in line for a similar leap? PEPE2.0, XRP2.0, DOGE2.0, and BTC20 are just some of the most r...

Memecoin Alert - Floki Inu and Shiba Inu Investors Look for Higher Returns With Tradecurve

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Jul 31, 2023 at 05:23 // News Author Guest Author Crypto enthusiasts are actively observing the trends, and looking for projects that can provide them with big rewards at no risk. Hence, Tradecurve’s (TCRV) presale has emerged as the natural choice among investors. Meanwhile, the condition of loss-making projects like Floki Inu (FLOKI) and Shiba Inu (SHIB) has worsened as their investors have turned to TCRV for better and risk-free gains. >>Register For The Tradecurve Presale<< Floki Inu (FLOKI) Falls As Hype Subsides The hyp...

DIA Partners with LINK Africa

DIA is thrilled to be collaborating with LINK on their aim to establish the first market pricing oracle for the Naira, Nigeria’s indigenous currency. The LINK Africa protocol has access to real-time price information for the Nigerian Naira (NGN) on-chain as a result of this integration. The Oracle was first deployed on the Polygon network. Africa faces a significant market problem, characterised by high fees, poor/multiple exchange rates, and slow settlement times for financial transactions. In response, LINK developed a payment infrastructure using blockchain technology. Another important piece of this infrastructure, which was crucial for smart contract transaction execution, required a blockchain oracle to deliver a price feed with the latest exchange rate of the Nigerian Naira. As no other oracle was capable of providing such a feed, LINK collaborated with DIA to realise the project. DIA promptly deployed a custom feed for LINK, creating the first price oracle for the Nigeri...

Why Is There Inconsistency in ALGO’s Market Cap Calculations?

A crypto analyst identified a variance in ALGO’s tokenomics. Using ALGO’s price to calculate its total market cap results in the circulating supply and gives a figure almost $1.5 billion higher than the effective number. The resulting figure is almost $1.5 billion higher than the effective number. Mr. Huber, a crypto Twitter analyst self-described as a ‘Sleuth looking for truth,’ has identified a variance in Algorand’s tokenomics. According to Huber, using ALGO’s price to calculate its total market cap, results in the circulating supply and gives a figure almost $1.5 billion higher than the effective number. Something seems to be wrong with the market cap information of Algo. If I calculate the total market cap by the price of the coin, I always get the circulating supply. But this is almost 1.5 billion above the effective number. In October 22, Algo had a supposed supply of almost… pic.twitter.com/9kFWy2IlFr — Mr. Huber (@Leerzeit) July 27, 2023 In a tw...

Sequoia Downsizes Crypto Fund by 66%: Here's Why

Sequoia Capital has reportedly slashed its crypto-focused investment fund by 66%. Citing unnamed sources familiar with the matter, The Wall Street Journal reported that the fund, once valued at $585 million, is now worth $200 million. Sequoia Capital pared back the size of two major venture funds, including its cryptocurrency fund https://t.co/FO9dneCvBS? — The Wall Street Journal (@WSJ) July 27, 2023 Sequoia reportedly informed investors in Q1 that it will downsize the crypto fund. After the collapse of well-established firms like FTX, the VC firm now plans to back young startups. A Sequoia representative told The Financial Times, “We made these changes to sharpen our focus on seed-stage opportunities and to provide liquidity to our limited partners.” The representative further added that Sequoia has returned more than $15 billion to its investors over the past three years. Along with the crypto fund, the firm has also reduced the size of its e...

Linea Ecosystem Inventory: L2 Network Launched by MetaMask Parent Company

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Author: defioasis Note: This article is for information sharing purposes only. It does not endorse the projects mentioned and has no financial interest related to them. On July 19, at the EthCC event, Linea, an L2 network built by ConsenSys, announced the launch of its Mainnet Alpha to the community. Nearly a week after going live, the Linea ETH Bridge (0xd1…876F) has had over 11,000 ETH (worth over $21 million) deposited into it, with the number of unique addresses exceeding 65,000. Although ConsenSys claims to have no plans to release Linea Token, the heat from the previous Linea Voyager task airdropped NFT still attracted a number of low-net-worth players after the mainnet launch. Data from Dune Analytics shows that among more than 65,000 addresses, about 55,000 addresses deposited ETH worth less than 0.1 ETH, accounting for approximately 85%. This article will review the popular user interaction native ecological projects on the Linea mainnet based on metrics such as on-chain data,...

Shiba Inu Price Prediction: August 2023

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The Shiba Inu [SHIB] ecosystem is gearing up for a significant update scheduled for next month. The official launch of Shibarium, a layer-2 protocol, has been highly anticipated by the entire industry. The introduction of this protocol is expected to have a profound impact on the network and its investors. Despite the majority of altcoins experiencing notable gains throughout the month, Shiba Inu’s price remained relatively steady. However, a widely used price prediction tool that employs machine learning algorithms forecasts a slight upward movement for SHIB in the near future. Based on the latest data, PricePredictions expects SHIB to trade at $0.000007828 on August 25, 2023. This projection suggests a dainty surge. Source At press time, Shiba Inu was trading at $0.000007815, showing a 0.35% increase in its daily value. SHIB’s ranking experienced a significant climb, propelling the asset to the 16th position. Presently, the meme coin holds a market cap of $4.62 billion...

Bitcoin Price Holds $29k Support: Is BTC Sweeping $25k Lows After FOMC?

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How To Prepare Amid A Glaring Bitcoin Price Sell-Off Bitcoin price holds slightly above $29,200 with the 50-day Exponential Moving Average (EMA) (red) acting as resistance at $29,360. Although support at $29,000 is holding steadily, the technical picture is leaning heavily toward the bearish side. advertisement A sell signal from the Moving Average Convergence Divergence (MACD) implies that sellers have the upper hand and that the path with the least resistance is southbound. If losses are sustained below the immediate support, short positions in BTC may turn profitable toward $28,000 with a further drop to $25,000 becoming apparent. BTC/USD daily chart | Tradingview   Most analysts anticipated declines to dominate the Bitcoin market toward the end of the week, especially with the United States Federal Open Market Committee (FOMC) deliberating on a possible interest rate hike on Wednesday. “With all the upcoming events, I wouldn’t be...

New Meme Coin ApeMax Hits Over 1 Trillion Coins Staked | Could ApeMax Be The Next Big Crypto Coin?

The Meme Coin market has seen rapid growth in recent months. With the emergence of Pepe Coin, onlookers have speculated on whether this is the start of a new meme coin craze. ApeMax has quickly risen to PR ominence in this ever-expanding meme coin market. Notably, over 1 trillion ApeMax coins have been staked to date, showcasing the enthusiasm and excitement the crypto community has generated towards this hot new token. As ApeMax continues to gain traction and attract more holders and stakers, the question arises: Could ApeMax become the next Dogecoin, Pepe Coin, or even Shiba Inu? What is ApeMax? ApeMax is a new and disruptive meme coin that has captured the attention of the crypto community with its innovative Features and state-of-the-art tokenomics. With instant custody and staking possibilities, eligible buyers can quickly and conveniently access their ApeMax coins and the opportunity to earn rewards through staking fun. ApeMax introduces a groundbreaking Boost to E...

McGlone predicts Bitcoin at $100k amid economic hurdles

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Bloomberg Intelligence’s senior macro strategist, Mike McGlone, remains optimistic about Bitcoin’s long-term prospects, maintaining his forecast of a $100,000 price. Senior macro strategist at Bloomberg Intelligence, Mike McGlone, remains firmly rooted in his earlier prediction of Bitcoin (BTC) achieving a six-figure price. However, he acknowledges potential significant challenges on the road to this goal. In a recent conversation with Scott Melker, a well-known crypto influencer, McGlone reiterated his belief in the long-term value proposition of Bitcoin. He even suggested a potential retreat to prices below $20,000 before a steady climb to the $100,000 threshold. Is The Dollar Dead? Macro Outlook For USD With Frances Coppola & Anna Wong | Macro Monday https://t.co/aASUaerkQo — The Wolf Of All Streets (@scottmelker) July 17, 2023 McGlone offered a snapshot of his financial outlook, pointing to significant yields of over 5% from Treasury bills and ongoing mo...

ARKM Price Rebound Looms as 52-Week Low Sparks Buying Interest

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ARKM hits a 52-week low of $0.5545 amid a bearish trend in the last 24 hours. Rising trading volume sparks hope for ARKM bullish reversal. Oversold conditions forecast ARKM price rebound if bearish momentum dwindles. A bearish trend has dominated the Arkham (ARKM) market in the last 24 hours, with the price bouncing between a 52-week support of $0.5545 and a resistance of $0.6051. At press time, the bears were in control and drove the price down to $0.5567, a 7.38% drop from the previous high. While the market capitalization of ARKM decreased by 7.33% to $83,508,117, the 24-hour trading volume climbed by 14.58% to $26,928,431. Notwithstanding the bearish trend, the rise in trading volume implies greater activity and interest in the ARKM market. Due to increasing trading activity, investors watch the market for signs of a reversal. A positive comeback and break of the $0.6051 resistance level may signal a shift in market mood and entice additional buyers. ...

Binance reportedly accepting voluntary resignations

Binance is reportedly willing to  accept   voluntary terminations from employees. The offers, sent out recently according to Adam Cochran, a crypto influencer and analyst, allow employees to resign , sign a new non-disclosure agreement (NDA), and receive a severance package of three months’ salary. Binance is ready to accept voluntary resignations It’s unclear why Binance CEO Changpeng Zhao has implemented this option, but reports suggest that employees from different departments can opt for voluntary termination. It is said that those willing to accept these offers were required to leave immediately.  With the crypto winter extended and the regulatory uncertainty in several jurisdictions, the world’s largest exchange had to fire employees. Zhao stated that the layoffs were essential to “increase talent density,” but the company is still hiring for other positions. Reports of voluntary termination offers come when Binance is facing increasing...