আজকের ক্রিপ্টো এবং বিটকয়েনের খবর
Hello Hamster Kombat CEOs, it’s time to unlock up to 1 million coins on Hamster Kombat by finding the Daily Cipher code for July 15. Read on to find out today's answer and how to earn more free coins expected later in July, according to the update from the Hamster Kombat Telegram channel. Quick Take Solve a Daily Cipher Morse code puzzle to unlock 1 million coins for July 15. Today’s cipher code is “MERKLE” Watch Hamster YouTube videos, check daily rewards and complete other tasks to earn more coins in the Hamster Kombat game. What Is Hamster Kombat Tap-to-Earn Telegram Mini-App? Hamster Kombat has taken the crypto world by storm and is now one of the most successful tap-to-earn games on Telegram. Players can step into the role of a CEO of their own crypto exchange. Hamster Kombat has quickly gained traction by offering a fun and rewarding experience with its daily bonuses, especially in countries like Nigeria, the Philippines, and Russia. According to The Block, this viral game has attracted over 250 million players since its launch about three months ago. Daily Ciphers and Daily Combos are routine tasks that CEOs need to complete to claim rewards. These activities have a large following and high engagement on TikTok, Twitter, and other social platforms.Unlocking these rewards can significantly boost your in-game gold as you prepare for the upcoming Hamster Kombat airdrop and HMSTR token launch. The first airdrop is expected to come later in July, and the second one is expected in two years, according to an interview with the founders of Hamster Kombat by The Block. In this guide, you’ll quickly learn how to maximize your daily bonuses, significantly boosting your rewards accumulation. Unlock the Daily Combo cards for July 15 if you haven’t done it yet. Now, we’ve compiled the answer for the Daily Cipher for July 15, 2024. What Is the Hamster Kombat Daily Cipher Code? Similar to the Daily Combo Cards updated every day, the Daily Cipher is a routine task that you can leverage to unlock 1 million coins as a reward. Unlike the daily combination of three cards you need to select to solve the Daily Combo challenge, the Daily Cipher is a word you need to input into the game using the international Morse Code standards. A new cipher is released daily at 7 PM Greenwich Mean Time (GMT). Here’s how you can decode it: Daily Cipher Morse Code: How to Earn 1 Million Coins A new Daily Cipher is released every day, and solving it can earn you 1 million coins. Here’s how you can decode today’s cipher: Input a Dot (.): Tap the hamster once. Input a Dash (-): Tap and hold, then release. Input Timing: Wait at least 1.5 seconds before entering the second sequence of a letter to ensure the app recognizes it correctly. Daily Cipher Morse Code for July 15, 2024: Answer 🧑💻Today's Daily Cipher Morse Code: MERKLE You can unlock today’s code using the following sequence: M: -- (dash dash) E: • (dot) R: •-• (dot dash dot) K: -•- (dash dot dash) L: •-•• (dot dash dot dot) E: • (dot) Input Timing: Wait at least 1.5 seconds before entering the second sequence of a letter to ensure the app recognizes it correctly. More Ways to Mine Hamster Coins Here are some more ways to increase your earnings in the Hamster Kombat game: Upgrade Your Exchange: Regularly invest in upgrades for your exchange, such as markets, PR, team, and legal enhancements. This will help you accumulate coins passively, even when you're not actively playing. Check In Frequently: Hamster Kombat allows you to accumulate free coins for up to three hours while offline. After that, you need to log in to claim your earnings and reset the timer. Regular check-ins maximize your passive coin income. Daily Combo: Execute the Daily Combo by selecting the correct set of cards each day. This can earn you up to 5 million coins daily. Invite Friends: Some tasks and card unlocks are gated behind inviting friends to join the game. Successfully getting friends to start playing can unlock additional earning opportunities and help you complete daily tasks that may require a certain number of referrals. Daily Rewards: Participate in the game's daily rewards system. These can range from a few hundred coins to millions, depending on the day. Consistently claiming these rewards without missing a day increases your earnings significantly. Social Media Engagement: Follow Hamster Kombat's official social media channels, such as Twitter, Facebook, and YouTube. Completing tasks related to these platforms, like watching videos or engaging with posts, can earn you additional coins. By leveraging these methods, you can significantly boost your coin earnings in Hamster Kombat, setting yourself up for a larger in-game treasury and increasing your chances of benefiting from the upcoming HMSTR token airdrop. Bookmark for Daily Updates Bookmark this page with the #Hamster Kombat hashtag, which you can find at the bottom of this post. Check in daily to ensure you never miss out on your Daily Cipher and Daily Combo rewards. Conclusion Use this guide to effectively unlock the Hamster Kombat Daily Cipher reward and boost your gameplay. As you unlock more rewards and mine more coins, you can level up in the game, upgrade your exchange, and potentially boost your chances of earning more crypto when the Hamster token airdrop goes live. Before you go, you can also trade Hamster Kombat (HMSTR) tokens on the KuCoin Pre-market trading platform ahead of the official token launch on the spot market. Read More: Hamster Kombat Daily Cipher for July 14, Answers
In a remarkable turn of events, the price of the MAGA (TRUMP) memecoin skyrocketed 64% following an assassination attempt on former President Donald Trump. The memecoin surged from $6.31 to $10.36, pushing the total market capitalization of the coin from $293 million to $469 million within 30 minutes, according to a report from Fast Company. Trump's Crypto Endorsement Boosts Memecoin The incident occurred amidst Trump's recent embrace of cryptocurrencies. Earlier this week, Trump's campaign announced it would accept donations in major cryptocurrencies like Bitcoin, Ether, Dogecoin, and Shiba Inu. This endorsement has significantly influenced the memecoin's recent performance, a report from the Fast Company. MAGA Memecoin Rise 64% amid the Assasination Attempt The MAGA memecoin, despite not being officially affiliated with Trump, has seen a notable increase in interest and trading volume, often spiking in response to major events related to Trump. The coin's trading volume increased by 620% over the past 24 hours, reflecting the heightened activity and speculation in the market. The token jumps 64% after the assassination attempt and is currently trading at $8.7. Analysts advise caution for investors of the memecoin, which is usually speculative and volatile. MAGA Price Trends | Source: CoinMarketCap Trump's Election Odds Soar to 70% on Polymarket Speculators on the Ethereum-based prediction market Polymarket were quick to place their bets as well, with Trump's odds of clinching a victory in the upcoming election jumping from 60% to 68% immediately following the assassination attempt, per Polymarket data. Trump's overall odds of being elected President now stand at 70%, compared to just 15% for Biden and 9% for Vice President Kamala Harris. This sharp increase reflects a growing sentiment among traders that Trump is the clear favorite nominee on the prediction market. Source: Polymarket Meanwhile, current President Joe Biden's predicted odds of winning the election fell dramatically in the same timeframe, dropping from 30% to 15% in just one hour. This decline underscores the significant impact the assassination attempt had on the perceived political landscape. Trump, formerly a skeptic of cryptocurrencies — saying on several occasions that Bitcoin was “like a scam" — has changed his tune drastically on Bitcoin and other digital assets in recent months. On June 14, Trump declared he would bring an end to the Biden administration's "war on crypto" if elected President. This was not the first time Trump had criticized Biden for his harsh stance on crypto while on the campaign trail. On May 26, he took aim at Biden, arguing that the US must not settle for anything but the top place in the crypto industry, according to the report from The Daily Hodl. The Intersection of Politics and Cryptocurrency The recent surge in the MAGA memecoin highlights the intersection of politics and cryptocurrency, where major political events and endorsements can have immediate and significant impacts on market dynamics. Read More: Top PolitiFi Tokens to Watch During the US Presidential Elections
The crypto market never fails to surprise, and June 2024 is no exception. PolitiFi meme coins are making headlines with their marked price surge during the presidential election . These tokens blend political intrigue and offer potential returns, but their speculative and volatile nature makes them high-risk assets. Here's a look at the trending PolitiFi meme coins you should watch this month. Quick Take TrumpCoin (DJT) surged by over 442% in the last 24 hours. This dramatic increase followed a report claiming former President Donald Trump is behind the token, sparking immense interest and trading volume. Trump-linked tokens experienced a significant market crash. Despite DJT's surge, other Trump-themed tokens like MAGA Again (MAGAA) and Trump Mania (TMANIA) saw steep declines, with some losing over 50% of their value. A new PolitiFi memecoin, Solciety (SLCTY), launched on June 18. Solciety is set to hit the market with a unique platform combining political satire and meme culture, attracting degens and meme enthusiasts alike. PolitiFi tokens remain speculative but highly engaging. These tokens offer no official political affiliations and lack practical utility, yet they continue to captivate investors with their potential for significant returns, especially with the U.S. Presidential Election approaching. What Are PolitiFi Coins? PolitiFi coins are memecoins themed around political figures and ideologies, such as Donald Trump. While whether Trump can still run for president is under controversy, these political-themed meme coins combine political engagement with the crypto world. You can trade these tokens like other cryptocurrencies. However, they don't have official ties to the politicians they represent. These tokens are highly speculative and mostly driven by community interest and current events. If you invest in PolitiFi tokens, you should be prepared for high volatility and risks. At the time of writing, CoinGecko lists 37 PolitiFi tokens on its platform with a combined market cap of nearly $1.2 billion. Top PolitiFi Meme Tokens Ranked Here's a closer look at the top PolitiFi tokens dominating the market based on their market cap and popularity: PEOPLE/USDT price chart | Source: KuCoin MAGA (TRUMP): The largest PolitiFi token by market cap, valued at over $412 million. It is based on Donald Trump's "Make America Great Again" slogan and has seen rapid growth due to its strong community support. ConstitutionDAO (PEOPLE): A political DAO with impressive growth, currently holding a market cap of approximately $441 million. It was originally created to buy an original copy of the U.S. Constitution and has since maintained a strong presence in the PolitiFi space. Jeo Boden (BODEN): The leading Biden-themed token with a market cap of around $91 million. It represents a satirical take on President Joe Biden, appealing to those on the other side of the political spectrum. MAGA Hat (MAGA): A meme coin inspired by Trump’s iconic hat, with a market cap of about $83 million. It thrives on the visual symbol of Trump’s campaign, making it a popular choice among meme coin enthusiasts. Doland Tremp (TREMP): A top performer on the Solana network, boasting a market cap of $73 million. This token is another playful misspelling of Trump’s name, capturing the attention of the crypto community. Super Trump (STRUMP): A multi-chain Trump token valued at around $36 million. It operates on both Ethereum and Solana, offering unique tokenomics that appeal to Trump supporters and crypto investors alike. Tooker Kurlson (TOOKER): Based on Tucker Carlson, this token has a market cap of about $21 million. It leverages the popularity of the TV personality to attract a politically engaged audience. MAGA VP (MVP): Offers passive rewards linked to Trump’s VP pick, with a market cap of $8 million. This token stands out by providing holders with rewards in the form of other PolitiFi tokens. BABYTRUMP (BABYTRUMP): A micro-cap meme coin, valued at $2.8 million. It features a baby version of Donald Trump, making it a humorous yet risky investment option. Kennedy Coin (BOBBY): Supports Robert F. Kennedy Jr.’s movement and has a market cap of $4.5 million. It aims to fund Kennedy's legal defense and other related activities, appealing to his supporters. TrumpCoin (DJT) Price Surge Catches the Eye – The Wild Ride The Solana-based memecoin TrumpCoin (DJT) recently grabbed attention with a massive surge of more than 442% in just 24 hours. This spike followed a report from Pirate Wires claiming that Donald Trump is behind the token. The news has sent shockwaves through the PolitiFi market, causing other Trump-themed tokens to plummet. Read more: DJT Memecoin on Solana Soars Over 1,000% on Trump Crypto Rumors Is Trump Launching His Official Crypto? Pirate Wires reported on June 17 that Trump is launching an official token, TrumpCoin (DJT), with his son Barron spearheading the project. However, doubts about Trump’s involvement persist. Mike Solana, Pirate Wires' editor-in-chief, shared the smart contract address but admitted he hasn't spoken to Trump directly. He also speculated that Trump might deny involvement or pivot the project entirely. Market Impact Despite the buzz, Trump’s team has not confirmed his involvement in DJT. Crypto community members, including Messari founder Ryan Selkis, remain skeptical. Selkis stated there's a "50-50" chance that DJT could be legitimate or a deceitful scheme. Polymarket gives only a 17% chance of Trump's involvement. Fallout on Other Trump-Linked Memecoins The surge of TrumpCoin (DJT) has led to a significant market crash for other Trump-themed tokens. Tokens like MAGA Again (MAGAA), Trump Mania (TMANIA), Doland Tremp (TREMP), trumpie (TRUMPIE), and MAGA (Trump) experienced steep losses in the last 24 hours. MAGAA: Plummeted over 57% TMANIA: Dropped more than 51% TRUMPIE: Fell by 38% TREMP and TRUMP: Both lost over 30% Solciety (SLCTY) – The New Entrant in the PolitiFi Sector Solana-based Solciety (SLCTY), launched on June 18, is positioned as an emerging player in the memecoin market. Focusing on political satire and meme culture, Solciety seeks to introduce new dynamics to the meme coin landscape. Solciety’s Unique Features Meme Campaigner Tool: Allows users to create or tweak meme coins using over 200 character traits. AR Fusion: Merges meme moments with the real world, creating a buzz and rewarding token creators. Presale: Offers 30% of the total supply, with 3 billion tokens available at a starting price of $0.0015 per SLCTY. Are PolitiFi Meme Coins a Good Investment? PolitiFi tokens are speculative and highly volatile. They offer no official affiliation with political figures and lack practical utility. However, the potential for significant returns exists, especially with the upcoming U.S. Presidential Election. Investing in a diversified portfolio of PolitiFi tokens could yield sizable gains, but it's crucial to approach with caution and only invest what you can afford to lose. How to Buy PolitiFi Coins PolitiFi tokens with large market caps and good liquidity are available on centralized exchanges like KuCoin. For others, you'll need to use decentralized exchanges. Here’s a quick guide: Buy Established Coins: Purchase ETH or SOL, depending on the network of the PolitiFi token you wish to buy. Transfer to a Private Wallet: Move your coins to a compatible crypto wallet like MetaMask or Phantom. Connect to a Decentralized Exchange: Use platforms like Uniswap or Raydium to trade for PolitiFi tokens. Conclusion PolitiFi tokens like TrumpCoin (DJT), MAGA (TRUMP), and the upcoming Solciety (SLCTY) offer highly volatile opportunities in the crypto market for gains, but with high levels of risk. While highly speculative, these tokens blend political themes with the fast-paced world of crypto, making them an interesting area to watch in June 2024. Stay informed and invest wisely as the PolitiFi token market continues to expand and captivate the crypto community.
হ্যালো হ্যামস্টার কমব্যাট সিইওরা, এখন সময় এসেছে হ্যামস্টার কমব্যাট-এ প্রতিদিনের সাইফার কোড খুঁজে ১ মিলিয়ন কয়েন আনলক করার। আজকের উত্তর এবং হ্যামস্টার কমব্যাট টেলিগ্রাম গেমে আরও কয়েন উপার্জন করার উপায় জানতে পড়ুন। দ্রুত ঝলক ১৪ জুলাই-এর জন্য ১ মিলিয়ন কয়েন আনলক করতে একটি প্রতিদিনের সাইফার মোর্স কোড ধাঁধা সমাধান করুন। আজকের সাইফার কোড হলো "TRUST" হ্যামস্টার ইউটিউব ভিডিও দেখুন, প্রতিদিনের পুরস্কার পরীক্ষা করুন এবং হ্যামস্টার কমব্যাট গেমে আরও কয়েন উপার্জন করতে অন্যান্য কাজগুলি সম্পূর্ণ করুন। হ্যামস্টার কমব্যাট ট্যাপ-টু-আর্ন টেলিগ্রাম মিনি-অ্যাপ কি? হ্যামস্টার কমব্যাট ক্রিপ্টো জগতে ঝড় তুলেছে এবং এখন এটি অন্যতম সফল ট্যাপ-টু-আর্ন টেলিগ্রাম গেম। খেলোয়াড়েরা তাদের নিজস্ব ক্রিপ্টো এক্সচেঞ্জের সিইওর ভূমিকা নিতে পারেন। হ্যামস্টার কমব্যাট দ্রুত জনপ্রিয়তা লাভ করেছে এর মজাদার এবং পুরস্কৃত অভিজ্ঞতার জন্য, বিশেষ করে নাইজেরিয়া, ফিলিপাইন এবং রাশিয়ার মতো দেশগুলিতে। দ্য ব্লক-এর মতে, এই ভাইরাল গেমটি প্রায় তিন মাস আগে লঞ্চের পর থেকে ২৫০ মিলিয়নেরও বেশি খেলোয়াড় আকর্ষণ করেছে। প্রতিদিনের সাইফার এবং প্রতিদিনের কম্বো হল নিয়মিত কাজ যা সিইওদের পুরস্কার দাবি করতে সম্পূর্ণ করতে হয়। এই কার্যকলাপগুলি TikTok, Twitter এবং অন্যান্য সামাজিক প্ল্যাটফর্মে একটি বড় অনুসারী এবং উচ্চ সম্পৃক্ততা রয়েছে। এই পুরস্কারগুলি আনলক করা আপনার ইন-গেম সোনাকে উল্লেখযোগ্যভাবে বাড়িয়ে তুলতে পারে যখন আপনি আসন্ন হ্যামস্টার কমব্যাট এয়ারড্রপ এবং HMSTR টোকেন লঞ্চ প্রস্তুতি নিচ্ছেন। গেমটির নতুন সিইওরা প্রথমে প্রতিদিনের সাইফার এবং প্রতিদিনের কম্বো সমাধান করে ৬ মিলিয়ন কয়েন আনলক করতে চ্যালেঞ্জিং মনে করতে পারেন। তবে, এই গাইডটি দিয়ে, আপনি দ্রুত শিখবেন কীভাবে আপনার দৈনিক বোনাস সর্বাধিক করা যায়, উল্লেখযোগ্যভাবে আপনার পুরস্কারের সঞ্চয় বাড়িয়ে তুলবে। যদি আপনি ১৪ জুলাই এর ডেইলি কম্বো কার্ড আনলক করতে চান, এখানে খুঁজে পান: Hamster Kombat Daily Combo for July 14 এখন, আমরা ১৩ জুলাই, ২০২৪ এর ডেইলি সিফার এর উত্তর সংগ্রহ করেছি। Hamster Kombat ডেইলি সিফার কোড কি? প্রতিদিন আপডেট করা ডেইলি কম্বো কার্ডের মতোই, ডেইলি সিফার একটি নিয়মিত কাজ যা আপনি ১ মিলিয়ন কয়েন আনলক করতে ব্যবহার করতে পারেন। ডেইলি কম্বো চ্যালেঞ্জ সমাধান করতে তিনটি কার্ডের দৈনিক সংমিশ্রণের বিপরীতে, ডেইলি সিফার একটি শব্দ যা আপনাকে আন্তর্জাতিক মর্স কোড মান ব্যবহার করে গেমটিতে ইনপুট করতে হবে। প্রতিদিন একটি নতুন সিফার GMT সন্ধ্যা ৭ টায় প্রকাশিত হয়। এটি কীভাবে ডিকোড করা যায় তা এখানে দেওয়া হল: ডেইলি সিফার মর্স কোড: ১ মিলিয়ন কয়েন অর্জন কিভাবে প্রতিদিন একটি নতুন ডেইলি সিফার প্রকাশিত হয়, এবং এটি সমাধান করলে আপনি ১ মিলিয়ন কয়েন অর্জন করতে পারেন। আজকের সিফারটি কীভাবে ডিকোড করবেন তা এখানে দেওয়া হল: একটি ডট (.): হ্যামস্টারটিকে একবার ট্যাপ করুন। একটি ড্যাশ (-): ট্যাপ করে ধরে রাখুন, তারপর ছেড়ে দিন। ইনপুট টাইমিং: অ্যাপটি সঠিকভাবে চিনতে পারে তা নিশ্চিত করার জন্য দ্বিতীয় অক্ষরের সিকোয়েন্স প্রবেশ করার আগে কমপক্ষে ১.৫ সেকেন্ড অপেক্ষা করুন। ১৪ জুলাই, ২০২৪ এর ডেইলি সিফার মর্স কোড: উত্তর 🧑💻আজকের ডেইলি সিফার মর্স কোড: TRUST আপনি নিম্নলিখিত ক্রম ব্যবহার করে আজকের কোডটি আনলক করতে পারেন: T: — R: • — • U: • • — S: • • • T: — ইনপুট টাইমিং: অ্যাপটি সঠিকভাবে চিনতে পারে তা নিশ্চিত করতে একটি অক্ষরের দ্বিতীয় ক্রম প্রবেশ করানোর আগে অন্তত 1.5 সেকেন্ড অপেক্ষা করুন। হ্যামস্টার কয়েন মাইন করার আরও উপায় হ্যামস্টার কমব্যাট গেমে আপনার আয় বাড়ানোর জন্য এখানে আরও কিছু উপায় দেওয়া হল: আপনার এক্সচেঞ্জ আপগ্রেড করুন: আপনার এক্সচেঞ্জের জন্য নিয়মিত আপগ্রেডে বিনিয়োগ করুন, যেমন মার্কেট, পিআর, দল এবং আইনি উন্নতি। এটি আপনাকে প্যাসিভভাবে কয়েন জমা করতে সাহায্য করবে, এমনকি আপনি সক্রিয়ভাবে না খেললেও। প্রায়ই চেক ইন করুন: হ্যামস্টার কমব্যাট আপনাকে অফলাইনে থাকাকালীন তিন ঘন্টার জন্য বিনামূল্যে কয়েন সংগ্রহ করতে দেয়। এর পরে, আপনাকে আপনার আয় দাবি করতে এবং টাইমার রিসেট করতে লগ ইন করতে হবে। নিয়মিত চেক-ইনগুলি আপনার প্যাসিভ কয়েন আয় সর্বাধিক করে। দৈনিক কম্বো: প্রতিদিন সঠিক সেট কার্ড নির্বাচন করে দৈনিক কম্বো সম্পাদন করুন। এটি আপনাকে প্রতিদিন 5 মিলিয়ন কয়েন পর্যন্ত উপার্জন করতে পারে। বন্ধুদের আমন্ত্রণ জানান: কিছু কাজ এবং কার্ড আনলক করার জন্য আপনাকে গেমে যোগ দিতে বন্ধুদের আমন্ত্রণ জানানোর প্রয়োজন। বন্ধুদের খেলা শুরু করতে সফলভাবে আমন্ত্রণ জানানোর ফলে অতিরিক্ত উপার্জনের সুযোগ আনলক হতে পারে এবং আপনাকে প্রতিদিনের কাজগুলি সম্পূর্ণ করতে সাহায্য করতে পারে যা নির্দিষ্ট সংখ্যক রেফারেলের প্রয়োজন হতে পারে। দৈনিক পুরস্কার: গেমের দৈনিক পুরস্কার সিস্টেমে অংশ নিন। এইগুলি দিনের উপর নির্ভর করে কয়েকশ থেকে লক্ষ লক্ষ কয়েন পর্যন্ত হতে পারে। এক দিনের পুরস্কার দাবি না করে ধারাবাহিকভাবে এগুলি দাবি করা আপনার আয় উল্লেখযোগ্যভাবে বাড়ায়। সোশ্যাল মিডিয়া এনগেজমেন্ট: হ্যামস্টার কমব্যাটের অফিসিয়াল সোশ্যাল মিডিয়া চ্যানেলগুলি, যেমন টুইটার, ফেসবুক এবং ইউটিউব অনুসরণ করুন। এই প্ল্যাটফর্মগুলির সাথে সম্পর্কিত কাজগুলি সম্পূর্ণ করা, যেমন ভিডিও দেখা বা পোস্টগুলির সাথে জড়িত থাকা, আপনাকে অতিরিক্ত কয়েন উপার্জন করতে পারে। এই পদ্ধতিগুলি ব্যবহার করে, আপনি হ্যামস্টার কমব্যাটে আপনার কয়েন আয় উল্লেখযোগ্যভাবে বাড়াতে পারেন, নিজেকে একটি বৃহত্তর ইন-গেম ট্রেজারির জন্য প্রস্তুত করতে পারেন এবং আসন্ন HMSTR টোকেন এয়ারড্রপ থেকে উপকৃত হওয়ার সম্ভাবনা বাড়াতে পারেন। দৈনিক আপডেটের জন্য বুকমার্ক করুন এই পৃষ্ঠাটিকে #Hamster Kombat হ্যাশট্যাগ দিয়ে বুকমার্ক করুন, যা আপনি এই পোস্টের শেষে খুঁজে পেতে পারেন। আপনার দৈনিক সাইফার এবং দৈনিক কম্বো পুরস্কারগুলি মিস না করার জন্য প্রতিদিন চেক করুন। উপসংহার এই গাইডটি ব্যবহার করে Hamster Kombat দৈনিক সাইফার পুরস্কারটি কার্যকরভাবে আনলক করুন এবং আপনার গেমপ্লে বাড়ান। আপনি যত বেশি পুরস্কার আনলক করবেন এবং যত বেশি কয়েন সংগ্রহ করবেন, আপনি গেমটিতে লেভেল আপ করতে পারবেন, আপনার এক্সচেঞ্জ আপগ্রেড করতে পারবেন এবং যখন Hamster টোকেন এয়ারড্রপ লাইভ হবে তখন আরও ক্রিপ্টো অর্জনের আপনার সম্ভাবনা বাড়াতে পারবেন। যাওয়ার আগে, আপনি KuCoin প্রি-মার্কেট ট্রেডিং প্ল্যাটফর্মে অফিসিয়াল টোকেন লঞ্চের আগে Hamster Kombat (HMSTR) টোকেন ট্রেড করতে পারেন। আরও পড়ুন: Hamster Kombat দৈনিক সাইফার জুলাই ১৩, উত্তরসমূহ
null এখন, আমরা ১৩ জুলাই, ২০২৪-এর ডেইলি সাইফারের উত্তর সংগ্রহ করেছি। হ্যামস্টার কমব্যাট ডেইলি সাইফার কোড কী? প্রতিদিন আপডেট হওয়া ডেইলি কম্বো কার্ডের মতো, ডেইলি সাইফার একটি নিয়মিত কাজ যা আপনি ১ মিলিয়ন কয়েন পুরস্কার হিসেবে আনলক করতে কাজে লাগাতে পারেন। ডেইলি কম্বো চ্যালেঞ্জ সমাধানের জন্য আপনাকে তিনটি কার্ডের একটি দৈনিক সংমিশ্রণ বাছাই করতে হবে, ডেইলি সাইফার একটি শব্দ যা আপনাকে আন্তর্জাতিক মোরস কোড মান ব্যবহার করে গেমটিতে ইনপুট করতে হবে। প্রতিদিন সন্ধ্যা ৭ টায় গ্রিনউইচ মিন টাইম (GMT) এ একটি নতুন সাইফার প্রকাশিত হয়। এটি কীভাবে ডিকোড করবেন তা এখানে দেওয়া হল: ডেইলি সাইফার মোরস কোড: ১ মিলিয়ন কয়েন কীভাবে অর্জন করবেন প্রতিদিন একটি নতুন ডেইলি সাইফার প্রকাশিত হয়, এবং এটি সমাধান করলে আপনি ১ মিলিয়ন কয়েন অর্জন করতে পারেন। আজকের সাইফারটি কীভাবে ডিকোড করবেন তা এখানে দেওয়া হল: একটি ডট (.) ইনপুট করুন: হ্যামস্টারটিকে একবার ট্যাপ করুন। একটি ড্যাশ (-) ইনপুট করুন: ট্যাপ করে ধরে রাখুন, তারপর ছেড়ে দিন। ইনপুট টাইমিং: অ্যাপটি সঠিকভাবে চিনতে পারে তা নিশ্চিত করতে একটি অক্ষরের দ্বিতীয় সিকোয়েন্সে প্রবেশ করার আগে কমপক্ষে ১.৫ সেকেন্ড অপেক্ষা করুন। ১৩ জুলাই, ২০২৪-এর ডেইলি সাইফার মোরস কোড: উত্তর 🧑💻আজকের ডেইলি সাইফার মোরস কোড: BLOCK আপনি নিম্নলিখিত সিকোয়েন্স ব্যবহার করে আজকের কোড আনলক করতে পারেন: null উপসংহার এই গাইডটি ব্যবহার করে Hamster Kombat Daily Cipher পুরস্কারটি কার্যকরভাবে আনলক করুন এবং আপনার গেমপ্লে উন্নত করুন। আপনি যখন আরও পুরস্কার আনলক করবেন এবং আরও কয়েন মাইন করবেন, আপনি গেমে লেভেল আপ করতে পারবেন, আপনার এক্সচেঞ্জ আপগ্রেড করতে পারবেন এবং যখন Hamster টোকেন এয়ারড্রপ লাইভ হবে তখন আরও ক্রিপ্টো উপার্জনের আপনার সুযোগগুলি উন্নত করতে পারবেন। আপনি যাওয়ার আগে, আপনি KuCoin প্রি-মার্কেট ট্রেডিং প্ল্যাটফর্মে Hamster Kombat (HMSTR) টোকেনগুলি স্পট মার্কেটে অফিসিয়াল টোকেন লঞ্চের আগেই ট্রেড করতে পারেন। আরও পড়ুন: Hamster Kombat Daily Cipher for July 12: 1 মিলিয়ন কয়েন উপার্জনের কোড
Solana (SOL) has seen a significant increase in on-chain activity recently, with daily transactions rising by 34% in June, according to a report on Crypto News. This surge comes amid speculation surrounding the potential launch of Spot Solana ETFs. VanEck and 21Shares were the first to file for these ETFs, igniting early-stage excitement among investors. Quick Take VanEck and 21Shares file for Spot Solana ETFs, sparking investor excitement, and driving Solana price to $153. Daily transaction volume increased by 34% in June. Solana dominates 25% of DEX trading volume and ranks fourth in NFT sales, as per data on The Block. VanEck made the initial move by filing for a Spot Solana ETF. Not long after, 21Shares followed suit. The filings have created a buzz in the crypto community, with many anticipating the possible outcome of these proposed crypto funds. Read more: VanEck Files for First Solana ETF in the U.S.: A Potential Game Changer? Why a Solana ETF Makes Sense Cboe Exchange confirmed that VanEck intends to introduce a Solana-based Exchange-Traded Fund (ETF). Matthew Sigel, VanEck’s Head of Digital Assets Research, clarified that the choice of Solana over XRP was driven by technical and regulatory factors. He emphasized that no single entity holds control over 20% of the Solana network or has the capacity to halt the chain, underscoring the importance of decentralization. Challenges of Spot XRP ETFs Addressing the potential for an XRP ETF, Sigel identified two main challenges: internal convention and customer demand. These factors make XRP a less likely candidate for consideration. The ETF decision-making process involves multiple stakeholders, including exchanges, market makers, and custodians, who engage in complex deliberations. Ethereum vs. Solana: ETFs Solana market dominance | Source: VettaFi Sigel noted that the decentralization characteristics and blockchain structure of both Ethereum (ETH) and Solana (SOL) are similar. This aspect is crucial for asset managers, as the SEC has frequently highlighted decentralization in its crypto assessments. Matthew Sigel expressed confidence in the prospects of a Solana ETF, despite the challenges posed by the lack of a regulated futures market. He highlighted VanEck’s successful deployment of Solana ETFs in Europe, which positions them advantageously in navigating regulatory hurdles and market dynamics for innovative financial products. A recent review identified the existence of a federally-regulated futures market as a key criterion for an asset to be considered for ETF approval. Currently, only Bitcoin (BTC) and Ethereum (ETH) meet this requirement. Sigel pointed out that several ETFs in the market do not have a significant futures market, suggesting this precedent might facilitate the approval of the first Solana ETF in the US. Sigel outlined the steps necessary for bringing a Solana ETF to market, emphasizing the need for regulatory clarity. He indicated that once a SOL ETF is established, issuers might explore ETFs for other proof-of-stake coins. Over time, the foundational elements could lead to the development of top 5 or top 3 ETFs. Read more: Solana vs. Ethereum: Which Is Better in 2024? Political Impact on Solana ETFs A senior Bloomberg ETF analyst, Eric Balchunas, highlighted the political implications of the Solana ETF approval. The final deadline for approval is mid-March 2025, with the outcome of the U.S. presidential election in November playing a crucial role. If President Joe Biden is re-elected, the ETFs are likely “dead on arrival.” Conversely, if former President Donald Trump wins, the approval of Solana ETFs becomes more probable. Solana Price Surges to $153 on ETF News SOL/USDT price chart | Source: KuCoin The news of the Spot Solana ETF filings had an immediate positive impact on Solana’s price. After dropping from a June high of $175 to a monthly low of $124, Solana’s price shot up to $153 following the ETF news. This excitement has led to a significant increase in on-chain activity. On-Chain Activity Surge Solana’s daily transaction volume increased from 32.7 million at the start of June to 43.8 million by the end of the month, marking a 34% growth. The Block also reports the highest non-vote transactions on Solana in the past two years. Additionally, Solana claimed 25% of trading volume in the decentralized exchange (DEX) market, recording $38.4 billion in June and ranking fourth in NFT sales. Read more: Solana Flips Ethereum in Daily Active Addresses in June: CMC H1 2024 Report Despite the recent spike in activity, Solana is trading at $135 as of this writing. The cryptocurrency has shown a 620% growth in the past year, and the ongoing buzz about Spot Solana ETFs is set to push it higher. Solana’s Market Sentiment Remains Bullish for the Long Term The sentiment around Solana remains neutral according to analysts. The token’s circulating supply is 463.962 million SOL, with a total supply of 579.994 million SOL. The token’s market cap is $67.08 billion, making it the 5th largest cryptocurrency in the global market. The traded volume of Solana was worth $1.8 billion in the last 24 hours, with a market cap dominance of 2.97%. Solana has shown resilience by rebounding from a recent low, advancing by 20%. Despite trading below its 50-day EMA, indicating short-term bearish pressure, the 50-day and 200-day EMAs suggest a long-term bullish sentiment. Technical indicators show mixed signals, with a neutral sentiment overall. The market awaits further developments, especially with the potential impact of the upcoming Solana ETF. Solana Token Unlocks Solana token allocation and token unlock progress | Source: Coinmarketcap Solana’s 89.56% of tokens are unlocked, resulting in 662.73 million SOL, with 77.27 million Solana tokens still locked. The fully diluted market cap of Solana is worth $83.186 billion, and 8.53% of the token supply is distributed among Solana’s team. Conclusion VanEck’s decision to pursue a Solana-based ETF reflects a strategic approach influenced by technicalities and regulatory considerations. The emphasis on decentralization and the potential to navigate existing regulatory frameworks are central to this initiative. As the cryptocurrency landscape evolves, VanEck’s efforts to introduce a Solana ETF underscore the dynamic nature of the market and the ongoing quest for regulatory clarity. This development highlights the broader trend of integrating blockchain technology into mainstream financial products, paving the way for future innovations in the ETF space.
BNB Chain, formerly known as Binance Smart Chain, has made headlines not only for its rapid growth but also for the losses incurred due to hacks and rug pulls. A recent report by Immunefi, a leading on-chain crowdsourced security platform, highlights how BNB Chain has lost $1.6 billion to hacks and rug pulls since its inception in 2017. Of this, $1.27 billion resulted from hacks and $368 million from rug pulls. Quick Take $1.64 billion lost to hacks and rug pulls on BNB Chain since 2017, according to Immunefi research. Immunefi's report reveals 168 hacks and 228 fraud incidents since BNB Chain's inception. $368 million attributed to rug pulls, marking BNB Chain as the primary target. Immunefi, a leading on-chain security platform, protects over $190 billion in user funds. It comprises a massive community of whitehat hackers who identify and responsibly disclose vulnerabilities, ensuring the safety of blockchain projects. Immunefi's comprehensive report, Hacking Deep Dive: BNB Chain, sheds light on the volume of crypto funds lost on BNB Chain since its inception. BNB Chain: Hacks vs. Rug Pulls An overview of hacks and rug pulls on BNB Chain: 2020-2024 | Source: Immunefi Hacks have been the predominant cause of losses on the BNB Chain. The report identifies 168 specific hacking incidents, totaling $1,279,930,833, since 2017. On the other hand, fraud and rug pulls account for $368,176,135 across 228 incidents during the same period Rug pulls, a type of fraud where project creators abscond with investors' funds, have plagued the network, making BNB Chain the primary target for such malicious activities. This stark contrast underscores the persistent vulnerability of BNB Chain to both hacks and fraudulent activities. Yearly Overview of Losses: Over $900M Lost in 2022 Alone 2020: $27.6 million 2021: $505.1 million 2022: $911.9 million 2023: $165.5 million 2024: $38.0 million (YTD) The majority of losses were recorded in 2022, with a total of $911 million across 147 cases. This was followed by $505 million in 2021 and $165 million in 2023. Despite the significant losses, there has been a downward trend in recent years, attributed to enhanced security measures. Major Hacks and Rug Pulls in BNB Chain Ecosystem Top 10 BNB Chain ecosystem losses | Source: Immunefi Several major incidents have marked BNB Chain's troubled journey: Venus Protocol: In May 2021, a price manipulation attack on Venus Protocol's native token led to a $200 million loss. Qubit Finance: In January 2022, hackers exploited QBridge, resulting in an $80 million loss. Uranium Finance: An automated market maker platform lost $50 million in April 2021 due to a code calculation error. DeFiAI Rug Pull: In November 2022, the DeFiAI project executed a $40 million rug pull, highlighting the persistent threat of such frauds. BNB Chain’s $1.6B vs. Ethereum’s $3.6B Losses Frauds vs. rug pulls in BNB Chain and Ethereum ecosystems | Source: Immunefi While BNB Chain faces severe challenges, it is not alone. Ethereum, the second-largest blockchain, has also experienced considerable losses. However, the nature of these losses differs. Ethereum's total losses amount to $3.6 billion, but only 4.4% is due to rug pulls. In contrast, BNB Chain's rug pulls account for a more substantial percentage of its total losses. Despite Ethereum's higher total losses, BNB Chain has recorded nearly 4.5 times more fraud cases. Since 2020, Ethereum has observed 50 fraud cases totaling $161 million, while BNB Chain has seen 228 cases amounting to $304 million. Most fraud losses on BNB Chain occurred in 2022, highlighting the network's ongoing battle against fraudulent activities. Why Is BNB Chain Vulnerable to Rug Pulls? BNB Chain's susceptibility to rug pulls can be attributed to several factors: Forked Code: Developers often use forked code, which introduces vulnerabilities. Quick-Profit Allure: The community's attraction to quick-money schemes makes it an easy target for scammers. Security Measures: Despite improvements, security remains a concern, drawing bad actors due to BNB Chain’s vast ecosystem and high on-chain activity levels. Impact of Hard Forks To counter these vulnerabilities, BNB Chain implemented several hard forks, including ZhangHeng, Plato, and Hertz. These updates aimed to patch security gaps and enhance network robustness. The result was a noticeable decline in losses, with 2023 and 2024 seeing significant reductions. Key Strategies for Mitigating Rug Pulls Preventing rug pulls requires a multi-faceted approach: Thorough Research: Investors must diligently research projects, examining their digital presence, roadmaps, and teams. Security Measures: Projects should showcase legitimate security measures, such as third-party audits and bug bounty programs. Community Engagement: A strong, engaged community can signal project legitimacy. Active participation in the project's development and accountability is crucial. Watch for Red Flags: Signs of potential rug pulls include false audit claims, centralized token control, inactive community engagement, and unrealistic return promises. Conclusion Despite the challenges, BNB Chain's efforts to secure its network are yielding positive results. The implementation of hard forks and proactive measures have reduced losses, although the threat of rug pulls remains. Investors must stay vigilant, and projects must prioritize security to build a more resilient blockchain ecosystem.
Ethereum shows resilience above $3,100 amid significant whale activity and the anticipated approval of a spot Ethereum ETF. Tron founder Justin Sun leads the accumulation, while technical indicators suggest bullish potential despite market volatility. Quick Take Ethereum price holds steady above $3,100. Massive whale activity, particularly by Justin Sun who purchased ETH worth $5 million. Potential spot Ethereum ETF approval within two weeks drives significant Ethereum accumulation and deposits on exchanges. Justin Sun's Massive $5M Ethereum Purchase Justin Sun’s ETH accumulation | Source: X Tron founder Justin Sun has been actively buying Ethereum. On-chain data provider Spot on Chain reported that Sun spent $5 million USDT to acquire 1,614 ETH at $3,097 per token. Since February 8, he has accumulated 362,751 ETH across three wallets, totaling an estimated $1.1 billion at an average price of $3,047 per ETH. Additionally, Sun recently deposited 45 million USDT to Binance, suggesting potential future acquisitions. Read more: Spot Ethereum ETFs by July? SEC Chair Gensler Confirms Progress on Approval Whale Activity Before Spot Ethereum ETF Approvals Justin Sun's significant purchases worth $5 million come ahead of the anticipated spot Ethereum ETF approval, expected by the end of July. Alongside Sun's activity, other whales have been moving substantial amounts of ETH. Elwood Technologies has also been active, depositing 26,811 ETH worth over $84 million to Binance in the last three days, though some addresses related to Elwood have withdrawn 24,463 ETH during the same period. However, Golem, which raised 820,000 ETH through an ICO in 2016, has been selling off ETH. Golem (GLM) is a decentralized computing network that allows users to rent out their unused computing power to others who need it for various tasks. Often described as the "Airbnb for computers," Golem aims to create a global supercomputer accessible to anyone. The project was founded by Julian Zawistowski, Piotr Janiuk, and Andrzej Regulski and launched its ICO on November 11, 2016, raising 820,000 ETH in under 30 minutes, equivalent to approximately $8.6 million at the time. They transferred 40,000 ETH to an address and deposited 3,000 ETH worth $9.3 million to Binance, Bitfinex, and Coinbase recently. Golem has deposited about 32,000 ETH to exchanges in the past six days. However, Golem has stopped selling and is now staking 40,000 ETH, according to a report on FXStreet. Ethereum Faces Key Resistance Level At $3,200 ETH/USDT price chart | Source: KuCoin Despite massive whale activity, Ethereum's price remains steady above $3,100. Technical indicators suggest that the bottom might be in. ETH's price is up 2.3% as investors buy the dip, anticipating a rally following the spot ETH ETF launch. Ethereum faces key resistance at $3,200. Currently trading around $3,140, up 1.2%, ETH's total liquidations in the past 24 hours are at $33.58 million. The long and short ratio has increased to 0.989, indicating a reduction in bearish sentiment. However, the Fear and Greed Index remains at 29, showing persistent market fear despite increasing whale accumulation. Crypto fear and greed index | Alternative.me On the downside, the $2,800 to $2,852 level remains key support. In the short term, ETH could bounce off the $3,064 level, where $3.32 million ETH longs risk liquidation. Into The Block's data shows that over 5.6 million addresses broke even after ETH reached $3,000, potentially leading to some selling. However, a catalyst like the ETH ETF launch could prevent such a move. ETH may face resistance at $3,200, with approximately 2 million addresses likely to sell if they break even. Accumulation and Staking Activity Increaes Ahead of ETH ETF Approval Ethereum new accumulation addresses | Source: CryptoQuant Data from CryptoQuant shows increased Ethereum accumulation, with investors viewing the dip as a buying opportunity. Some of these purchases have flowed into staking platforms. The Ethereum 2.0 staking contract now holds 47.36 million ETH, about 34% of ETH's entire supply, more than tripling its holdings from 11% in 2022. As the potential launch of spot ETH ETFs nears, investors are adjusting their portfolios. Bitwise Chief Compliance Officer Katherine Dowling confirmed that the launch is "close to the finish line." The SEC approved spot ETH ETF issuers' 19b-4 filings in May but needs to greenlight their S-1s before trading can begin. Wall Street's Take on Cryptocurrency ETFs Wall Street is preparing for new cryptocurrency ETFs, with spot ether ETFs potentially hitting the market soon, pending SEC approval. Bitwise Asset Management's Matthew Hougan views this as the birth of a new asset class. He expects these ETFs to attract significant investment, mirroring the success of spot bitcoin ETFs, which have garnered about $15 billion since their launch. “If you want to invest in the growth of tokenization, ethereum is like the picks and shovels play,” Mathew Hougan of Bitwise Asset Management said. “It underpins all of it. … I think that is going to appeal to a lot of people.” Conclusion Ethereum is showing resilience amid market volatility and significant whale activity. With the anticipated spot Ethereum ETF approval, the market is gearing up for potential bullish momentum. Investors and traders are closely watching key resistance and support levels as ETH continues its steady climb. However, market conditions remain uncertain, and potential investors should consider the inherent risks and conduct thorough research before making any investment decisions.
Masa, a decentralized AI network, has launched an AI Data Subnet on Bittensor, revolutionizing the decentralized production of artificial intelligence. This strategic move enables Masa to utilize Bittensor’s peer-to-peer machine intelligence network to enhance AI data aggregation, transformation, and access. Quick Take Masa introduces its AI Data Subnet on Bittensor, leveraging the decentralized network to enhance AI data aggregation, transformation, and access. Masa pioneers a dual-token reward structure in the Bittensor Subnet Ecosystem, offering rewards in $MASA and $TAO to incentivize contributors. Bittensor's native token, TAO, has seen a price increase of over 10% in the past 24 hours, reflecting growing interest and investment in AI and blockchain integration. Masa Joins Bittensor’s $10B Ecosystem Since its launch in March 2023, Bittensor has built a $10 billion AI ecosystem. Institutional validators like Foundry and Polychain have collectively staked $1.8 billion worth of $TAO. Bittensor’s network operates through specialized sub-networks, each dedicated to different AI areas. With its sophisticated TAO economic model, Bittensor incentivizes high-value AI subnets, making it a key player in decentralized AI (DeAI). Masa is a decentralized AI network where people earn by contributing data. AI developers can build anything, anywhere with the world’s data. Masa allows global contributions of data and compute for AI development without centralized control. Contributors, including validators and workers, earn rewards based on the value they add to the network. This game-theoretical framework ensures an effective system that drives growth and the equitable expansion of Fair AI. Masa and Bittensor communities can run a Masa worker node from low-power devices, contributing compute and bandwidth from anywhere. This broad participation ensures a decentralized and fair contribution to AI development. Masa’s Impact on Bittensor Bittensor circulating supply and trading volume | Source: Benzinga Masa’s ecosystem, with over 1.6 million contributors and 100 developers, is expected to significantly enhance Bittensor's performance and utility. Brendan Playford, Co-founder of Masa, believes that Bittensor’s potential could surpass Ethereum’s growth due to the rapid expansion of Decentralized AI. TAO Price Spikes by Over 10% TAO/USDT price chart | Source: KuCoin TAO’s price increased by 15.02% over the past 24 hours to $262.59. Despite a 7.0% loss over the past week, the current market cap ranking for TAO is #50 at $1.84 billion. The trading volume has increased by 87.0% over the past week, with a circulating supply of over 7.02 million. TAO’s bullish structure over the past week reflects the growth and interest in AI tokens within the cryptocurrency market. Masa’s Dual-Token Reward Structure Masa’s token, $MASA, becomes the first and only live token in the Bittensor ecosystem. Masa Protocol and Bittensor Subnet participants can earn dual-token staking rewards in $MASA and $TAO. The Masa Foundation will use TAO from operating the subnet to support $MASA through buybacks or distributions. Democratizing AI Development Masa provides real-time and static data critical for AI development from various sources like Twitter, Discord, and Google Search. Real-time data can be used for building robust datasets or directly in system prompts. Static datasets, constantly updated and stored by subnet workers, fuel Retrieval Augmented Generation (RAG) in AI agents. Masa’s annotated data sets are processed using fine-tuned LLMs trained on various formats, delivering high-quality outputs. AI developers use Masa data for diverse applications, such as capturing trading signals and building hyper-personalized AI companions. Masa has raised $18 million, backed by DCG, Anagram, Republic Digital, and Animoca, and was incubated by Binance and Hashkey. Crypto Market’s AI Sector Expected to Cross $10B by 2030 The launch of Masa’s subnet has generated momentum in decentralized AI. Evan Malanga, VP Strategy at DCG, supports Masa’s advancement in decentralized and broader AI development. This aligns with DCG’s belief in the power of decentralized technologies. The AI sector in the crypto industry is projected to reach $10.2 billion in revenue by 2030. Centralized AI is expected to hold a market share value of $1.8 trillion by 2030. However, there is a clear demand for decentralized players to prevent monopolization by centralized entities. Conclusion The collaboration between Masa and Bittensor could introduce advancements in decentralized AI development. Masa’s dual-token reward structure is designed to democratize AI and promote an equitable contribution system. As the AI sector expands, Masa’s involvement with Bittensor and its impact on the broader AI community is expected to be notable, potentially fostering a future where AI development is community-driven. However, as with any emerging technology, there are inherent risks and uncertainties. It is important for stakeholders to stay informed and carefully consider these factors when engaging with decentralized AI projects.
As the crypto market gears up for what could be the biggest bull run in history, investors are focusing on promising altcoins. Among the top contenders are Kaspa (KAS), NEAR Protocol (NEAR), Solana (SOL), Toncoin (TON), and TRON (TRX). These projects are capturing investor interest and showing serious potential for massive gains. Quick Take Kaspa (KAS) reached an all-time high, showcasing strong investor interest and a bullish outlook for its future. NEAR Protocol (NEAR) is driving growth with AI-focused initiatives, enhancing its technological capabilities and user experience. Solana (SOL) maintains stability with swift transaction processing and solid infrastructure, attracting a robust developer and investor base. Toncoin (TON) offers scalability and ease of use, being created by Telegram and favored for its low transaction costs. TRON (TRX) is a prominent player in decentralized digital entertainment, consistently growing its network activity and value. Kaspa (KAS) Hits a New All-Time High KAS/USDT price chart | Source: KuCoin Kaspa (KAS) is making waves with its privacy-focused blockchain platform. On June 30, Kaspa hit an all-time high price of $0.19. This peak highlighted significant investor interest, signaling Kaspa’s path to major growth this year. Kaspa’s unique attributes include fast transaction speeds and efficient, stateless money solutions. The platform also boasts a rising hash rate and a growing number of miners, indicating increasing interest and profitability in mining Kaspa. Recently, Marathon Digital announced its intention to mine $16 million worth of KAS, further boosting confidence in Kaspa’s future prospects. Despite a recent correction, Kaspa remains robust with a strong buying pressure indicated by its RSI. Analysts project Kaspa could see a 100x increase from its current price, potentially reaching $18 by June 2029. This optimism is fueled by significant institutional inflows from entities like Fidelity and Ark Investment, indicating a strong foundation for future growth. NEAR Protocol (NEAR) Focusing on AI NEAR Protocol crosses 450 million transactions | Source: Flipside on X NEAR Protocol (NEAR) has seen substantial growth in token price and transaction volumes since early 2024. The launch of innovative features like Chain Signatures and the integration of HERE Wallet with Telegram have significantly enhanced NEAR Protocol’s accessibility and user experience. NEAR Protocol’s focus on AI has been a key driver of its growth. Initiatives like the NEAR.AI R&D Lab aim to improve consensus algorithms, enhance security, and introduce new economic models. These advancements make NEAR Protocol a standout in the blockchain space. With over 450 million transactions and 12.3 million unique addresses, NEAR Protocol has captured significant market attention. The recent surge in transactions and new addresses has positively impacted NEAR’s price, positioning it for potential upward movement. The Money Flow Index and MACD indicators suggest a bullish trend, with increased user engagement driving market sentiment. Solana (SOL): The Top Challenger to Ethereum Solana (SOL) is known for its swift transaction processing and solid infrastructure. As a Layer 1 solution, Solana has built a large following, showcased by its vibrant ecosystem and the increasing number of developers crafting decentralized apps. Despite recent market fluctuations, Solana has maintained a stable price. It currently stands at $141, reflecting a 5% rise since yesterday and a substantial 612% increase over the last year. Solana's position as the fifth-largest cryptocurrency by market cap highlights its significant investor trust and potential for further gains this summer. The Coinmarketcap H1 2024 report reveals that Solana has surpassed Ethereum in daily active addresses, reaching over 1.6 million in June 2024 compared to Ethereum's 450,000. This shift is driven by the rising popularity of Solana's memecoins. Solana's ecosystem has seen faster growth in new token listings and significant gains in its memecoin market cap, highlighting its growing influence. Read more: Solana Flips Ethereum in Dai;y Active Addresses in June: CMC H1 2024 Report The potential launch of a spot Solana ETF could further drive its value. If approved, such an ETF could push Solana’s price up to $1,300, mirroring the financial trajectory seen with Bitcoin’s own ETF developments. This anticipated approval underscores the growing institutional interest in Solana and its long-term potential. Read more: VanEck Files for First Solana ETF in the U.S.: A Potential Game Changer? Jump Crypto is offering a bug bounty program for the upcoming Firedancer validator client, with a reward pool of $1 million paid in USDC. Participants have a chance to earn up to $1 million by finding bugs in Firedancer, aimed at improving Solana's network performance. Firedancer, led by Cantelope Peel, is expected to play a crucial role in Solana's network by processing transactions efficiently. Implemented in C and C++, Firedancer aims to increase the speed of the Solana network and is actively being tested for optimal performance. Toncoin (TON): Boosting Web3 Adoption with Telegram Games Toncoin spot volume rises | Source: Santiment Toncoin (TON), created by Telegram, offers advanced layer-1 infrastructure with low transaction costs and quick processing speeds. This platform caters effectively to a broad audience, distinguishing itself through its scalability and ease of use. The Open Network (TON) has enjoyed a surge in TVL and adoption amid the rising popularity of Telegram-based crypto games, including Notcoin, Hamster Kombat, TapSwap, and Pixelverse. Boasting millions of players, each of these games has the potential to onboard several web2 users into the web3 world. The TON blockchain’s integration with Telegram helps the ecosystem enjoy the most uptick as these games move into the crypto space and launch their respective tokens. While Notcoin had around 35 million players at the time of the NOT token launch, Hamster Kombat already boasts over 239 million users before the upcoming HMSTR TGE and airdrop. The price of Toncoin is currently $7.59, with a 5% increase within the last day and a 4% gain this month. Over the last year, Toncoin has surged by 451%, marking it as a promising investment. Toncoin's position as the eighth-largest cryptocurrency by market cap indicates its strong market trend and potential for high returns. TRON (TRX): A Decentralized Entertainment Leader TRON’s average daily transactions climb steadily | Source: TRONScan TRON (TRX) has emerged as a prominent player in the decentralized digital entertainment sector. Over the past year, TRON’s value has increased by 67%, drawing significant investor attention. The platform's expanding Total Value Locked (TVL) demonstrates its growing role in the decentralized finance (DeFi) ecosystem. TRX trades at $0.13 with a market capitalization of $11 billion, positioning it as the 11th largest cryptocurrency. This strong market position reflects robust investor confidence and potential for further growth in the upcoming bull run. Conclusion As the summer progresses, keep an eye on these altcoins. Their innovative approaches and expanding user bases could lead to significant market gains. However, always remember that investing in cryptocurrencies carries risks. Market volatility and macroeconomic factors can impact prices, so it's crucial to conduct thorough research and consider your risk tolerance before investing.
Toncoin (TON) from The Open Network led the price performance among the top 50 tokens by market capitalization for the second quarter. According to a report shared by CryptoKory on X, TON’s value surged over 40% in the last 90 days, elevating it to the eighth position among top cryptocurrencies by market cap. This surge is attributed to its association with Telegram, whose integration has opened the door to crypto for millions of mainstream users. Quick Take Toncoin (TON) led the top 50 tokens by market capitalization with a 40% value increase, elevating it to the eighth position among top cryptocurrencies. The integration of TON with Telegram has significantly boosted its user base and adoption. Total Value Locked (TVL) in Ton Blockchain has surged from $13.51 million to $725.31 million in 2024. Recent price trends suggest a bullish sentiment for Toncoin, with potential for further gains. Toncoin becomes the best-performing leading crypto | Source: CryptoKoryo on X Toncoin's Ecosystem Expansion The Ton blockchain has witnessed exponential growth in TVL, skyrocketing from $13.51 million at the beginning of the year to a staggering $725.31 million as of July 3rd, 2024. This substantial increase underscores the expansion of the TON ecosystem and investor confidence in its underlying infrastructure, as per analysis by CryptoPolitan. Toncoin among the top-performing large-cap coins | Source: Coinmarketcap Telegram Stars: A New Integration In an effort to reach a billion active users and become profitable, Telegram has introduced various business-centric features, including a digital currency called Stars. Initially launched for paying for digital goods offered by bots and apps within Telegram, Stars can now be converted to Toncoin, expanding its use cases. Content creators can post content that users can unlock with Telegram Stars. Additionally, channel owners can withdraw Stars and convert them to Toncoin using the Fragment platform. If you have Toncoin, you can trade crypto through various exchanges and transfer money to your bank account. Telegram has been using this portal to auction usernames over The Open Network (TON) blockchain. Channel owners can also use Stars to get discounts on ads to promote their channels. With its latest update, Telegram has added a Mini App bar at the bottom to let users quickly access mini apps without having to reload them. These integrations have significantly boosted Toncoin's utility and adoption. Read more: Telegram Launches In-App Token 'Stars' Amid Rising Toncoin Buzz Can Toncoin and TON Ecosystem Get a Boost from Hamster Kombat TGE? The upcoming Token Generation Event (TGE) of the highly anticipated Telegram clicker game, Hamster Kombat, scheduled for July 2024, has captured the attention of both gaming enthusiasts and crypto investors. Set to utilize Ton Blockchain for token generation and airdrop distribution, this event has further buoyed sentiment, potentially propelling Toncoin toward new highs. In addition to Hamster Kombat, other Telegram games like TapSwap, Pixelverse, Blum, and Gemz have also helped drive increased activity. Their integration with the TON network could also help onboard more users to the web3 ecosystem, driving higher on-chain activity and TVL in The Open Network in the coming months. Toncoin Technical Outlook: $7.5 Support Under Test? Toncoin 30-day price performance | Source: CryptoQuant Toncoin has navigated a tumultuous path in recent weeks, reflecting both resilience and volatility in the crypto market. Initially soaring to an all-time high of $8.182 on June 15th, Ton faced formidable resistance amidst heightened selling pressure, forcing a retreat to solid support at $6.79—a level it steadfastly defended. Recent trends, however, paint a more optimistic picture for Toncoin enthusiasts. Since June 19th, the coin has embarked on an upward trajectory, forming distinct higher highs and higher lows within a nearly parallel channel. This pattern suggests a bullish sentiment above the critical support level of $7.79. With this support level being breached, Toncoin price could see a retest of the $7.5 mark, underscoring the critical nature of current price dynamics. Conclusion Toncoin (TON) has navigated a tumultuous path in recent weeks, reflecting both resilience and volatility in the crypto market. As Toncoin moves through these critical junctures, stakeholders remain poised for further developments that could shape its trajectory in the evolving landscape of digital assets. With its growing ecosystem, integration with Telegram, and promising technical outlook, Toncoin stands out as a notable player in the cryptocurrency market. The combination of user-friendly features, strategic partnerships, and innovative solutions positions Toncoin for potential success and growth. However, it's essential to remember that the cryptocurrency market is inherently volatile and unpredictable. Investors should exercise caution, conduct thorough research, and consider the risks associated with market fluctuations before making investment decisions.
The rising popularity of the Solana ecosystem, especially its memecoins, looks set to challenge Ethereum’s dominance in the crypto market, according to Coinmarket’s H1 2024 report. Solana has already overtaken Ethereum in terms of daily active addresses in June 2024. Discover how the shift towards high-risk assets in Solana contrasts with Ethereum's focus on Real World Assets (RWA) and AI, and what it means in the Solana vs. Ethereum dynamics in the overall crypto market. Quick Take Solana’s daily active addresses crossed 1.6 million in June 2024, overtaking Ethereum, which saw around 450,000 daily active addresses. Solana's ecosystem, driven by memecoins, has gained significant attention and popularity since October 2023, indicating a growing prominence in the crypto space. Despite Solana’s lower gas fees, Ethereum leads in daily revenue and DeFi total value locked, while Solana focuses on meme-related transactions. In Q2 2024, Solana captured more attention than Ethereum, marking a significant trend shift. Since October 2023, Solana (SOL) and its memecoin ecosystem (valued at around $7 billion) have seen impressive gains in both price and popularity. While Solana hasn't overtaken Ethereum, the surge in interest highlights its growing influence in the crypto space. Solana ecosystem sees faster growth than Ethereum | Source: Coinmarketcap At the beginning of the year, Ethereum had a higher count of new token listings at 138 against Solana’s 119 listings. However, the Solana ecosystem has seen 147 new token listings since the beginning of 2024, while Ethereum has seen only 89 new token listings during this period. Read more: Solana vs. Ethereum: Which Is Better in 2024? Solana Leads with Over 1.6 Million Daily Active Addresses Solana leads in daily active addresses, boasting over 1.6 million, followed by BNB with 1 million. Both SUI and TON ecosystems have seen increased activity due to recent grants and popular projects. Memecoins Dominate on Solana Memecoins are the driving force in Solana's ecosystem. Retail investors are prioritizing quick gains over traditional projects, reflecting an anti-establishment sentiment. The rapid liquidity influx into memecoins creates a casino-like atmosphere, where high-risk assets are preferred over value-oriented, traditional projects. Some of the best-performing memecoins on Solana include dogwifhat (WIF) with a market cap of over $543 million, Bonk ($374 million), and BOME ($159 million). At the time of writing, Solana memecoins enjoy a market cap of under $7 billion as per data on CoinGecko. The overall memecoin sector is now valued at $48 billion, and is dominated by Ethereum-based tokens like Dogecoin, Shiba Inu, and Pepe. The sector includes celebrity-based tokens, but has often been marred by controversy and potential regulatory scrutiny. Ethereum creator Vitalik Buterin criticized the celebrity memecoin culture, urging creators to focus on projects offering public good. Notwithstanding its challenges, new meme-based crypto projects are gaining momentum at unprecedented speeds. Even AI-themed tokens like Turbo are popular, marking a shift from traditional finance versus crypto to a new split between the establishment and anti-establishment forces within the crypto market. Read more: Top Solana Memecoins to Watch in 2024 Memecoins dominate the Solana ecosystem | Source: Coinmarketcap Pump.fun, a memecoin generator on Solana and Blast blockchains, recently surpassed Ethereum in daily revenue for the first time, grossing $1.99 million compared to Ethereum’s $1.91 million. Despite a $2 million hack in May, Pump.fun has generated over $51.3 million in revenue since January, highlighting the booming memecoin trading frenzy on Solana. Read more: Pump.fun Tops Ethereum in Daily Revenue with $2M Surge Most memecoins are available for spot trading, but MarginFi plans to introduce mrgnswap for leveraged trading on Solana, potentially changing the memecoin trading landscape and offering more options for investors. Ethereum Ecosystem Gains From RWA and AI Sectors In contrast, Ethereum is focusing on Real World Assets (RWA) and AI distributed computing. This move aims to bridge traditional finance with blockchain technology. The DeFi sector is returning to its roots, with stablecoins now dominating interest. Previously, decentralized exchanges (DEXs) and derivatives were the focal points, driving innovation and excitement. Now, stability and reliability are the focus, with stablecoins providing a secure medium for transactions, savings, and lending. Ethereum Dominates L1 with 62% Market Share Market cap of leading Layer-1 coins | Source: Coinmarketcap The total market cap for Layer-1 Smart Contracts stands at $695.58 billion, with Ethereum holding a 62.11% dominance. The SEC’s approval of Ethereum Spot ETFs was a significant catalyst. BNB and Solana have been gaining momentum, adding $42 billion and $18 billion year-to-date, respectively. Ethereum (+45.33%) ranks as the third-best-performing smart contract platform, behind Toncoin (+221.5%) and BNB (+83.6%). In contrast, Solana posted a moderate 17.4% gain year-to-date. Ethereum Accounts for 70% of Daily Revenue Among Public Chains Ethereum has seen record low gas fees in Q2, thanks to the adoption of Layer-2 solutions and the recent Dencun upgrade. Despite this, Ethereum accounts for 70% of daily revenue among major Layer-1s, at $2.7 million. Solana ranks second with around $900k daily revenue. In DeFi, Ethereum holds a dominant 84.3% of the total value locked (TVL) market share with a TVL of over $57 billion against Solana’s TVL of $4.5 billion, driven by DEX trading and staking. Solana's transactions are mainly meme-related. Ethereum vs. Solana: Institutional Investors’ Outlook Recent outflows from Ethereum investment products reflect growing investor concerns and profit-taking behaviors. Ethereum faces scalability issues and high transaction fees, prompting accelerated upgrades towards Ethereum 2.0. Meanwhile, Solana attracted $1.6 million in inflows, showcasing investor confidence in its high throughput and low transaction costs. Solana's innovative Proof-of-History (PoH) mechanism and ultra-low transaction costs make it a preferred platform for high-speed transactions and complex tasks. The platform's proactive approach to scalability and strong community support have contributed to its appeal in decentralized finance (DeFi) and non-fungible tokens (NFTs). However, Ethereum could get a boost when the spot Ethereum ETFs get approved. As perthe latest news reports on Cointelegraph, this is widely expected to occur by July 8. Conclusion The contrasting trends between Ethereum and Solana underscore shifting investor preferences and strategic considerations within the cryptocurrency market. While Ethereum maintains its lead in market capitalization and ecosystem maturity, Solana's rapid growth and technological advancements, such as the introduction of Firedancer, a second validator client that enhances network resilience and performance, make it a formidable competitor. Solana's focus on memecoins and innovative Proof-of-History mechanism is attracting a new wave of investors seeking high-speed transactions and low costs. Regulatory developments and the introduction of cryptocurrency ETFs could further influence market dynamics. The SEC's approval of Ethereum Spot ETFs has already marked a significant milestone, potentially paving the way for similar products for Solana. However, the regulatory landscape remains unpredictable and could impact both platforms differently. Investors should remain cautious and aware of the inherent risks in the volatile cryptocurrency market. The rapid growth of memecoins, while offering high returns, also comes with significant risks.
In Q2 2024, the global crypto market cap took a hit, dropping 14.5% to $2.3 trillion, according to Coinmarketcap’s H1 2024 report. Despite this, the 24-hour trade volume soared by 223%, reaching $79.4 billion. The Crypto Fear and Greed Index stands at a neutral 49, showing a trend towards fear since Q1. Bitcoin's dominance remains strong at 53%, with no signs of an altcoin season. Liquidity has decreased by 18.5%, echoing a bearish phase within a broader bull market trend. Quick Take Memecoins became the most popular crypto category in Q2 2024, accounting for 23% of page views on CoinMarketCap. The stablecoin sector grew by 8.6%, while AI and Big Data sectors saw a 2.5% increase. Ethena and Lista's launches significantly boosted the stablecoin sector. Solana's ecosystem added 20 new tokens in Q2, surpassing Ethereum's 14. Solana-based memecoins outperformed Ethereum-based ones, with returns of 8,469% compared to 962%. Political meme tokens, led by MAGA (TRUMP), gained prominence, with the total market cap reaching $784 million. The MAGA token alone surged over 5100% this year. The RWA sector, dominated by fiat-collateralized stablecoins, saw significant growth. Notable developments include Ethena's USDe, which increased its market cap by 934%, and BlackRock's BUIDL fund, which attracted $453 million in just three months. Memecoins, Stablecoins, and AI Drive Crypto Market Growth in Q2 2024 Most active sectors in the crypto market in Q2 2024 | Source: Coinmarketcap Three sectors experienced positive growth in Q2: memecoins, stablecoins, and AI & Big Data. Memecoins, for the first time, have become the most popular category, accounting for 23% of page views. The memecoin season of March and early April gave way to focus on stablecoins (+8.6%), AI, and Big Data (+2.5%). Ethena and Lista's launches bolstered the stablecoin sector. Tether's $4.52 billion profit in Q1 underscores the sector's profitability, attracting new projects. Conversely, the hype around AI has declined since its February peak, capturing only 6.4% of attention in June. Derivatives and stablecoins also saw moderate growth. The memecoin and AI & Big Data sectors are slowing, with many projects delisting. Solana Overtakes Ethereum in the Memecoin Race Solana vs. Ethereum memecoins | Source: Coinmarketcap Solana's ecosystem has also gained significant attention, potentially challenging Ethereum's dominance. CoinMarketCap data reveals the Solana ecosystem is thriving, adding 20 new tokens in Q2, followed by Ethereum with 14 new tokens. Solana-based memecoins have outperformed Ethereum-based ones, returning an average of 8,469% compared to Ethereum's 962%. This trend is driven by speculative capital flows and the success of tokens like WIF and BONK. In the Solana ecosystem, memecoins dominate, reflecting a speculative rush. Retail investors prefer quick gains over traditional projects, indicating an anti-establishment sentiment. This casino-like atmosphere contrasts with Ethereum's focus on Real World Assets (RWA) and AI, emphasizing practical applications and bridging traditional finance with blockchain. PolitiFi Meme Tokens: Trump Leads the Pack Trump vs. Biden in the PolitiFi sector among memecoins | Source: Coinmarketcap Political meme tokens (PolitiFi) have emerged as a significant subcategory, with a total market cap of $784 million. The leading token, MAGA (TRUMP), has gained over 5100% this year, fueled by Trump's vocal support for crypto and acceptance of crypto for campaign donations. Real World Assets (RWA) Sector Fuels Stablecoin Growth RWA sector and stablecoin market see growth | Source: Coinmarketcap The RWA sector is experiencing significant growth, driven primarily by fiat-collateralized stablecoins, which now make up 96.6% of the total market cap in this category. Tether (USDT) remains the dominant force, consistently setting new market cap highs and serving as the base pair for almost 70% of spot trading volume on centralized exchanges (CEXs). USDC has seen a notable resurgence, increasing its market cap by 32% in the first half of 2024. This growth is largely attributed to Circle's strategic push towards institutional clients and the launch of Coinbase International, which has brought increased volume to USDC in non-US markets. A standout performer in the RWA sector is Ethena's USDe, launched in February 2024. This new stablecoin has already seen a 934% increase in market cap. Its high yield of 33.5% has attracted significant capital inflows, making it one of the fastest-growing assets in the sector. Despite the initial airdrop and the launch of its native token, ENA, USDe continues to draw considerable investor interest. BlackRock's BUIDL fund, which launched on Ethereum in March 2024, leads tokenized funds in assets under management (AUM). The fund witnessed an impressive $453 million inflow in less than three months, highlighting the growing institutional interest in tokenized finance. Ondo Finance, the largest contributor to BUIDL, has been instrumental in this growth, adding $195 million to its AUM. Since its launch on January 18, ONDO has gained 634%, making it the leading coin in the RWA sector. Despite this progress, the total value locked (TVL) in RWA protocols currently stands at $4.39 billion, still below the previous cycle's high of $6.37 billion. This gap suggests that there is ample room for further growth in the sector as it continues to mature and attract more institutional capital. Conclusion: A Dynamic Quarter Q2 2024 has been marked by significant shifts in the crypto market. Despite a notable 14.5% drop in global market cap, the surge in 24-hour trade volume by 223% reflects a resilient trading environment. Bitcoin's dominance at 53% and the sustained bullish macro sentiment indicate the strength of institutional investment, yet retail engagement remains conspicuously low. The stablecoin sector has shown robust growth, driven by new projects like Ethena and Lista, and Tether's substantial profits. Meanwhile, Solana's ecosystem has emerged as a formidable competitor to Ethereum, particularly in the memecoin space, where speculative investments are on the rise. However, this quarter also highlights the market's vulnerabilities. The decline in liquidity by 18.5% and the trending fear sentiment underscore potential risks. Investors should remain cautious, as market conditions can shift rapidly. The decreasing interest in AI and the volatility of memecoins further add to the market's unpredictability. As always, due diligence and a risk-aware approach are crucial for navigating the dynamic world of cryptocurrencies.
Pump.fun, a leading memecoin launchpad on the Solana blockchain, has achieved a significant milestone. It generated $2 million in daily revenue, making it the highest revenue generator among all blockchains and protocols on July 1, surpassing Ethereum. Quick Take On July 1, Pump.fun generated $2 million in daily revenue, surpassing Ethereum. Over 11,500 memecoin tokens were created on Pump.fun in a single day. The platform's cumulative revenue has reached $50.9 million and celebrity-themed meme coins has driven the surge in token creation. Pump.fun is projected to reach $268.95 million in annualized revenue. Pump.fun revenue | Source: Dune On Monday, Pump.fun recorded an impressive $2 million in daily revenue, outstripping Ethereum's $1.91 million, as per a report on CoinDesk. This surge was driven by the creation of 11,528 tokens, bringing the platform's total to nearly 1.2 million tokens. The cumulative revenue on Pump.fun has now reached $50.9 million, according to data from DefiLlama and Dune Analytics. Read more: What Is Pump.fun, and How to Create Your Memecoins on the Platform? Pump.fun Generates Over $22M Revenue in June Pump.fun’s revenue spikes in July | Source: DefiLlama Despite a $1.6 billion decrease in the total memecoin market cap since mid-June, Pump.fun continues to average $692,000 in daily revenue. This consistent performance indicates ongoing user interest and activity on the platform. If the current momentum is maintained, Pump.fun is projected to achieve an annualized revenue of $268.95 million, calculated by multiplying the revenue data from the last 30 days by 12, as per a report on Unchained Crypto. Pump.fun recorded $22.05 million in revenue in June alone, highlighting its robust growth trajectory. The platform's success has also spurred competition, with new entrants like Dexscreener's Moonshot aiming to capture market share in the memecoin space. Read More: Solana's Pump.fun Generates $30M from Memecoin Mania Celebrity-Driven Memecoin Frenzy Drives Pump.fun’s Growth The spike in revenue can be attributed to the ongoing trend of celebrity-themed meme coins. Since late May, celebrities like Caitlyn Jenner, Iggy Azalea, Trippie Redd, and Davido have launched their own meme coins on Solana, attracting significant attention and activity on Pump.fun. The platform's low costs make it an attractive option for creating and trading tokens, contributing to its rapid growth. Pump.fun's business model includes a 1% swap fee and a two SOL fee for listing tokens on the decentralized exchange Raydium. This straightforward approach has fueled user engagement and transaction activity on the Solana ecosystem. Are 95% of Tokens on Pump.fun Scams? However, Pump.fun's rapid growth has not been without challenges. The platform has seen a significant rise in fraudulent activities, with an estimated 95% of tokens being bogus. The low cost of launching tokens on Solana has made it easier for bad actors to create and manipulate tokens, leading to various scams. One common scam involves developers buying a small percentage of tokens and then quickly dumping them, causing the token's value to plummet. Another tactic, known as "King of the Hill" (KOTH), involves developers selling off large quantities of tokens, triggering panic among other traders and leading to a market crash. Despite these issues, Pump.fun's financial success and dominant market position underscore its impact on the memecoin market and the broader cryptocurrency ecosystem, especially within the Solana community. Conclusion Pump.fun's rise to the top of the revenue charts demonstrates the growing popularity and potential of meme coins and blockchain-based token creation platforms. With celebrity involvement and a user-friendly, cost-effective model, Pump.fun has carved out a significant niche in the crypto world. However, the platform must address the challenges posed by scams and fraudulent activities to sustain its growth and maintain user trust. As Pump.fun continues to evolve, its influence on the memecoin market and the broader crypto ecosystem will be closely watched by industry observers and participants alike.
This week, several major events are poised to impact the crypto market significantly. Key developments include the release of the Federal Open Market Committee (FOMC) meeting minutes, the launch of Etherfi’s airdrop Season 3, and several other crucial events that are likely to influence the decentralized finance (DeFi) sector and the broader crypto industry. Quick Take The release of the Federal Open Market Committee (FOMC) meeting minutes and non-farm payroll figures for June are critical for the crypto market. Etherfi’s announcement of its ETHFI airdrop Season 3 is a major event for Ethereum network participants. The unlocking of SUI tokens and other major tokens like ENA and DYDX is set to influence various token economies. FOMC Meeting Minutes and June NFP Data From the US This week, the crypto market is bracing for several macroeconomic data releases, notably the FOMC meeting minutes and the non-farm payroll figures for June. Analysts expect 180,000 new jobs in June, keeping the unemployment rate at 4%, the highest since February 2022. May saw a gain of 272,000 jobs, initially boosting confidence about the economy despite signs of a slowdown. Investor concerns about US economic momentum may grow with below-expectation numbers. June’s data revealed continuing unemployment claims at 1.84 million, a peak since November 2021, highlighting difficulties for job seekers. The focus will also be on the average hourly earnings growth, expected to decrease to a post-pandemic low of 3.9% year-on-year in June. BTC Price Performance: Watch Liquidity Levels - $62.5k to $63.5k BTC/USDT price chart | Source: KuCoin Analysts believe these insights will significantly impact Bitcoin (BTC) and the broader crypto market. According to crypto analyst CrypNuevo, Bitcoin has shown preliminary signs of potential market movements. CrypNuevo observed two crucial liquidity areas of interest: between $62,500 and $63,500 (primary short-term liquidity zone) and around $67,100 (significant mid-term zone). Additionally, CrypNuevo noted an issue in the opposite direction involving a long wick, which will likely get filled to balance the open interest gaps. “So I finally came up with this projection: Not necessarily for the week ahead, the time frame is more like 2-3 weeks. Impulsive moves up to liquidate high-leverage short positions and then drop back down to fill the 50% of the wick. Forming a potential accumulation range,” CrypNuevo wrote. Read more: Bitcoin Price Rebounds Past $63,000: Will It Hit $70K in July? Etherfi Announces ETHFI Airdrop Season 3 Etherfi, a protocol offering liquid restaking services on the Ethereum network, has announced details concerning its Season 3 ETHFI airdrop. Etherfi has committed to distributing 25 million ETHFI tokens. The allocation of these tokens will be based on each community member’s level of participation and engagement. Season 3 kicked off on July 1 and is expected to run until the beginning of September. Following the end of the season, the airdrop distribution will take place. SUI and Other Major Token Unlocks Ethena (ENA), the synthetic currency protocol on Ethereum, will unlock 14.89 million of its native token, ENA, dedicated to ecosystem development. These tokens represent 0.92% of ENA’s circulating supply and are worth approximately $7.62 million. In addition to ENA, DYDX and SUI have also held token unlocks earlier this week. Read more: DYDX, IO, SUI, and Other Major Token Unlocks to Watch in July 2024 zkSync Introduces Elastic Chain in 3.0 Roadmap zkSync, an Ethereum layer-2 (L2) network, has introduced a new “Elastic Chain” feature in its latest zkSync 3.0 roadmap. The v24 upgrade transforms zkSync into an Elastic chain from a single ZK chain. This Elastic Chain comprises multiple chains within the zkSync ecosystem, offering users the experience of using a single chain. Matter Labs, the team behind zkSync, describes the Elastic Chain as an infinitely extensible network of ZK chains. These include rollups, validiums, and volitions. They are secured by mathematical proofs and seamlessly interoperable with a uniform, intuitive user experience. Parcl’s Upcoming PRCL Staking Program Parcl, a real-world asset (RWA) tokenization protocol on the layer-1 blockchain Solana, will present its upcoming PRCL staking program this week. Staking will effectively unlock all participation in the Parcl ecosystem, including governance, existing and future protocol incentives, and Parcl Labs Data API access. Epochs are a fundamental principle of time for staking, with one epoch equaling seven days. The first epoch will be announced shortly. Zero1 Labs Reveals a New Community Program Zero1 Labs, a decentralized AI solution, has announced a major activation for the Zero1 community. This initiative, involving over 25 prominent communities, aims to further decentralize its native token, DEAI. The new Community Program seeks to foster greater engagement within crypto communities and expand Zero1 Labs into the largest AI crypto community. It delivers exclusive rewards to new supporters by forming strategic alliances with top community projects. Collaborating with well-known communities, Zero1 Labs offers users a chance to claim a share of a $2 million DEAI prize pool. Participants can earn rewards by engaging with the community and writing unique content about Zero1 Labs. They can enhance their chances of receiving more rewards by completing various social tasks, such as following on X, joining the Discord community, and discussing DEAI on X. The Community Program will officially kick off on July 3, 2024. To ensure fair participation, snapshots of specific communities will be taken the day before the announcement. This snapshot will determine eligibility, giving participants limited time to engage in social activities and maximize rewards. NATIX Token Launch and Listings NATIX Network will launch its token, NATIX, on July 2. On the same day, major crypto exchanges, including KuCoin and Gate.io, will list the NATIX token on their respective platforms. This launch is anticipated to provide significant opportunities for traders and investors as it becomes available on prominent exchanges. NATIX is an AI-powered dynamic map supercharged by the decentralized physical infrastructure (DePIN) and driver community. Conclusion This week’s news highlights significant milestones and potential market shifts in the crypto space. Investors should closely monitor the release of the FOMC meeting minutes and macroeconomic data, as they could impact Bitcoin and the broader market. Participating in Zero1 Labs' Community Program and Etherfi’s ETHFI airdrop Season 3 could offer lucrative opportunities. The launch of NATIX tokens and major token unlocks, like SUI and ENA, may present trading opportunities. Additionally, zkSync’s Elastic Chain and Parcl’s PRCL staking program could signal important developments in the DeFi sector. Stay informed, engage with these events, and be ready to act on emerging trends to maximize your investment potential.
In July, several crypto projects, including dYdX, Sui, IO, and Galxe, will have token unlocks. As the trending projects in DeFi and Web3 applications, these token unlocks might impact the balance of supply and demand and affect the price of the involved tokens. Quick Take Over 40 projects are set to release a combined total of $755 million in crypto assets as their vesting periods conclude. Significant token releases include AltLayer's $125 million unlock, Xai's $93 million, and Aptos' $77 million, among others. These events are critical to monitor for their short-term and long-term effects on market dynamics. What Are Token Unlocks? Token unlocks refer to the release of previously locked tokens as their vesting period concludes. This mechanism prevents early investors and team members from selling large amounts of tokens immediately, thereby helping to maintain market stability during the early phases of a project. Token unlocks will add more supply to the market circulation and increase selling pressure on digital assets, potentially putting downward pressure on their prices. While planned releases aim to avoid drastic market drops, factors like lack of liquidity or early investor profit-taking can significantly impact an asset’s dynamics. According to Token Unlocks, around $755 million worth of crypto assets will be released in July. Here are the major token unlocks to watch as per a report on BeInCrypto: dYdX (DYDX) Unlock Date: July 1Amount: 8.33 million DYDX dYdX, a decentralized exchange, is set to unlock 8.33 million DYDX tokens on July 1, 2024, part of a larger vesting schedule designed to gradually release tokens to investors and team members. This token unlock is part of a structured plan where 20% of the total tokens are being released in equal monthly installments from July 1, 2024, to June 1, 2025. The tokens will be distributed among the community treasury, rewards treasury, and liquidity providers, aiming to enhance the platform's decentralization and incentivize participation in the network's security and governance. Read more: dYdX: A Beginner's Guide to the Decentralized Exchange Sui (SUI) Unlock Date: July 1Amount: 64.19 million SUI Sui, a high-performance Layer-1 blockchain, will release a significant portion of tokens on July 1, 2024. These tokens are primarily allocated to its Series A and B participants, community reserve, and the Mysten Labs treasury. The Series A and B allocations specifically support early investors and contributors, while the community reserve and Mysten Labs treasury allocations aim to fund ongoing development and operational costs. These tokens will enhance liquidity and facilitate various on-chain activities, including staking, transaction fees, and governance voting, which are critical for the network’s functionality and security. io.net (IO) Unlock Date: July 1Amount: 7.5 million IO io.net will unlock 7.5 million IO tokens on July 1. The project aggregates underutilized GPUs from various sources, including data centers, crypto miners, and independent hardware networks, to create a decentralized pool of computational power. This setup offers significant cost savings and improved accessibility for ML tasks and other computationally intensive operations. The initial token supply was set at 95 million out of a total cap of 800 million tokens, with the current unlock contributing to increased liquidity and network growth. This structured token release is part of io.net's broader strategy to incentivize community engagement and secure its network, ultimately driving the adoption of its decentralized computing solutions. Galxe (GAL) Unlock Date: July 5Amount: 3 million GAL Galxe, a platform focused on Web3 credential infrastructure, will unlock 3 million GAL tokens on July 5, 2024. These tokens are allocated to its foundation, team, and community, facilitating governance, staking, and access to premium features on the platform. The tokens' distribution is designed to enhance community engagement and secure the network through staking activities. This unlock follows a structured vesting schedule, aiming to maintain network stability and support the ongoing development of the Galxe ecosystem. Hashflow (HFT) Unlock Date: July 7Amount: 13.62 million HFT Hashflow, a decentralized exchange designed for seamless cross-chain trading, will release 13.62 million HFT tokens on July 7, 2024. This token unlock represents 1.84% of the circulating supply and is part of a structured vesting schedule aimed at distributing tokens to early investors, the core team, and for community rewards. The release is designed to incentivize network participation, enhance liquidity, and support the platform's ongoing development initiatives. Ethena (ENA) Unlock Date: July 7Amount: 14.89 million ENA Ethena, a synthetic currency protocol on Ethereum, is set to unlock 14.89 million ENA tokens on July 7, 2024. This token unlock is part of a broader strategy to support ecosystem development. Ethena, known for its synthetic stablecoin USDe, uses these tokens to promote decentralized governance, incentivize network participants, and enhance liquidity within its platform. The ENA tokens allocated for this unlock are intended to foster ongoing project development and ensure the protocol's sustainability. This scheduled release aims to bolster community engagement and maintain the platform's growth trajectory by distributing tokens across various stakeholders, including early contributors and development initiatives. Xai (XAI) Unlock Date: July 9Amount: $93 million in tokens Xai, an emerging decentralized gaming ecosystem built on the Arbitrum network, will unlock $93 million worth of XAI tokens on July 9, 2024. This significant release is part of a broader strategy to support the project's ongoing development and ecosystem growth. The unlocked tokens are allocated to the team, investors, and reserves, with a focus on enhancing the project's infrastructure and fostering community engagement. Xai has recently gained attention due to a notable 40% price increase, reflecting growing interest and confidence in the token among the gaming community. This increase is partly fueled by a recent airdrop that distributed 125 million XAI tokens, worth approximately $70 million, to eligible users, further solidifying its market position and boosting its market cap to over $154 million. Arbitrum (ARB) Unlock Date: July 16Amount: $75 million in tokens Arbitrum, a leading layer-2 scaling solution for Ethereum, is set to release $75 million worth of ARB tokens on July 16, 2024. This token unlock will distribute tokens primarily to team members, advisers, and investors as part of the project's structured vesting schedule. The release is significant, as previous token unlocks have shown substantial impacts on ARB's market price, leading to increased volatility and selling pressure. The community and market participants are closely monitoring this event due to its potential to influence short-term price dynamics and overall market sentiment. Uniswap (UNI) Unlock Date: July 16Amount: 8.33 million UNI tokensValue: $77.88 million Uniswap will unlock 8.33 million UNI tokens on July 16, 2024, adding to its already circulating supply of around 753 million tokens. This unlock is part of Uniswap's four-year vesting schedule, aimed at gradually distributing its total supply of 1 billion UNI tokens to community members, team members, investors, and advisors. This unlock is significant as it aims to promote decentralized governance and continuous development within the Uniswap ecosystem, which has a strong impact on its market dynamics. Read more: What Is Uniswap Decentralized Exchange (DEX)? Worldcoin (WLD) Unlock Date: July 24Amount: 6.62 million WLD tokens daily over 730 daysValue: Approximately $18 million per day Worldcoin (WLD), a project co-founded by Sam Altman of OpenAI, aims to establish the world's largest identity and financial network. Starting on July 24, 2024, Worldcoin will begin a significant token unlock, releasing 6.62 million WLD tokens daily over the next 730 days, valued at around $18 million per day. These tokens will be allocated to the community, the initial development team, and investors. The long-term release strategy is designed to support the project's growth, promote stability, and ensure broad distribution among users. Read more: What Is Worldcoin (WLD), and How to Get It? AltLayer (ALT) Unlock Date: July 25Amount: 684 million ALT tokensValue: Approximately $125 million AltLayer, a decentralized protocol focused on enabling interoperable blockchain ecosystems, will unlock 684 million ALT tokens on July 25, 2024. This release represents the largest token unlock for the month and constitutes around 27% of AltLayer's current market capitalization. The unlocked tokens are allocated across various categories including the team, investors, advisers, protocol development, treasury ecosystem, and community initiatives. The strategic distribution aims to support the project's continued growth and operational stability, fostering a robust ecosystem for decentralized applications and cross-chain integrations. Ronin (RON) Unlock Date: July 27Amount: 35.71 million RON tokensValue: $76.32 million Ronin, a blockchain protocol developed by Sky Mavis specifically for gaming applications like Axie Infinity, will unlock 35.71 million RON tokens on July 27, 2024. This release is significant due to its high value and the protocol's pivotal role in the gaming ecosystem. The RON tokens are allocated across several categories including the community, team, staking rewards, and the ecosystem fund. Sky Mavis, which owns 30% of the total RON supply, uses its allocation to support employee bonuses and shareholder contracts. The unlocked tokens are expected to enhance liquidity and incentivize participation in the network, contributing to the overall stability and growth of the Ronin ecosystem. Aptos (APT) Unlock Date: JulyAmount: 11.31 million APT tokensValue: $77 million Aptos, a high-performance Layer-1 blockchain, will continue its scheduled monthly token releases with an upcoming unlock of 11.31 million APT tokens in July 2024, valued at approximately $77 million. These tokens are allocated to the Aptos Foundation, community initiatives, core contributors, and private investors. The project’s strategic token release plan is designed to support its growth and development while ensuring a gradual increase in the circulating supply. Despite the structured approach, previous token unlocks have had notable impacts on the market, contributing to short-term price volatility. Read more: Top Crypto Projects and dApps in the Aptos Ecosystem Optimism (OP), Immutable (IMX), and Starknet (STRK) Beyond the tokens unlocks listed above, crypto projects including OP, IMX, and STRK will unlock substantial amounts of their native tokens in July, continuing their regular monthly releases. Optimism (OP): Known for its layer-2 scaling solutions on Ethereum, Optimism's monthly token unlocks aim to support its growing ecosystem and incentivize network participants. Immutable (IMX): Focused on scaling NFTs on Ethereum, Immutable regularly unlocks tokens to reward its ecosystem participants and fund development initiatives. Starknet (STRK): A layer-2 solution for Ethereum using ZK-rollups, Starknet's token unlocks are crucial for maintaining its development and operational incentives. These unlocks are essential for these projects as they ensure continuous development and reward early supporters while potentially increasing selling pressure on the market. Conclusion July's token unlocks are set to significantly impact the crypto market, with substantial releases across various projects potentially influencing market dynamics. As these tokens are unlocked, there is likely to be short-term downward pressure on token prices due to increased supply and potential selling by early investors and team members. For instance, the unlocks on January 12, 2024, and December 12, 2023, led to price decreases of 17.94% and 14.10%, respectively. Similarly, the Sui (SUI) token unlock on May 3, 2024, which added 34% of its circulating supply, and the dYdX (DYDX) unlock in the same month, adding 11% to the circulating supply, both resulted in bearish impacts on their prices. While these unlocks are structured to support long-term project growth and ecosystem development, they come with inherent risks, including increased volatility and liquidity concerns. Investors should exercise caution and conduct thorough research to understand the specific dynamics of each project and the potential impacts of these token distributions.
Discover the top cryptocurrencies to watch this week, including XRP, Ethereum, and Solana. XRP shows signs of a possible reversal, Ethereum maintains stability with strong fundamentals, and Solana is fighting for growth with positive developments and increasing trading volume. Learn about their current trends, potential reversals, and key indicators driving their price movements. Quick Take Trading at $0.4721 with support at $0.47 and resistance at $0.499, XRP's low trading volume and RSI around 41 suggest a potential reversal. Steadily trading around $3,400, Ethereum shows long-term bullish indicators, maintaining above the 200-day moving average. Solana, maintaining around $150, saw a 50% trading volume jump to $1.68 billion, with Blockchain links (blinks) and 200-day EMA support at $130 indicating potential bullish momentum. XRP Price Show Signs of a Reversal, What’s Next? XRP/USDT price chart | Source: KuCoin According to analysis by U.Today, XRP has traded under pressure with the price remaining mostly unchanged around $0.47, but signs suggest a possible reversal. Currently, XRP is in a phase where not many people are selling, and almost no one is buying. The chart shows difficulty in increasing value over the past few months, with minimal trading activity. The low volume indicates that neither buyers nor sellers are taking large positions. However, a spike in volume could signal renewed interest, potentially raising the price. With an RSI of approximately 41, XRP is in the lower neutral zone. This suggests room for growth before overbought conditions. If the RSI rises above 50, it would indicate increased buying pressure and a potential new uptrend. Despite recent declines, XRP's fundamentals remain strong. The resolution of Ripple's legal dispute with the SEC could positively impact XRP's price. Ripple's ongoing partnerships and technological advancements provide a solid foundation for future growth. XRP: Key Levels to Watch Monitoring these levels can help identify potential entry and exit points as the market conditions change. Support Level: $0.47 Critical Support Level: $0.466 Resistance Level: $0.499 Critical Resistance Level: $0.50 Downside Risk Level: $0.43 If the price breaks below $0.466, it may trigger a sell-off towards $0.43. Conversely, a bullish reversal could drive prices to the next significant level around $0.499. Spot Ethereum ETFs to Take ETH Price to $6,500? Steno Research predicts net inflows of $15-20 billion into Ether spot ETFs in the first 12 months. Ether's price is expected to hit $6,500 later this year due to strong ETF inflows and other positive factors. Galaxy Research estimates $5 billion of net inflows to spot Ethereum ETFs in the first five months, while Bitwise expects $15 billion in the initial 18 months. The crypto market is optimistic about the imminent launch of spot Ether ETFs in the U.S. Steno Research forecasts a net inflow between $15 billion and $20 billion in the first 12 months. This should drive Ether's value higher, both in dollar terms and relative to Bitcoin. Read more: Spot Ethereum ETFs by July? SEC Chair Gensler Confirms Progress on Approval Ethereum Technical Analysis: ETH Holds Above $3,370 ETH/USDT price chart | Source: KuCoin Ethereum has been actively trading around $3,400, showing signs of both strength and concern. The chart indicates that Ethereum has maintained above the $3,370 mark, closely resembling the 100-day EMA. This level has stabilized the price amid recent market turbulence. Trading volume has been inconsistent, yet the steady interest at current prices is noteworthy. A spike in volume might indicate a strong move in either direction. Ethereum's RSI is around 43, pointing to potential upward movement before overbought conditions. If the RSI moves closer to 50, it would provide additional proof of bullish momentum. Long-term trend indicators, the 26-day and 200-day EMAs, show Ethereum trading above the 200-day moving average, a bullish signal. However, it remains below the 50-day EMA, indicating some short-term pessimism. Market sentiment heavily influences Ethereum's price action. Despite a few negative signs, the overall trend remains positive. Continuous network upgrades via Ethereum 2.0 developments, increased staking activity, and growing user adoption strengthen Ethereum's fundamentals, suggesting potential price increases. Solana Gains Over 16% in a Week Solana has seen a spike in price amid fresh applications for exchange-traded funds tracking its spot price in the U.S. Solana's trading volume jumped 50% to $1.68 billion, becoming the third-most traded cryptocurrency, excluding stablecoins. Solana’s weekly gains increased to 16.59%, driven by applications for spot ETFs. After VanEck and 21Shares filed for such investments, Solana's price saw a boost. Read more: VanEck Files for First Solana ETF in the U.S.: A Potential Game Changer? Solana Technical Analysis: SOL Facing Strong Resistance at $150 SOL/USDT price chart | Source: KuCoin Solana has been battling for the $150 threshold recently. Positive fundamental developments, like the introduction of Blockchain links (Blinks), haven't significantly moved the asset's price. Read more: Solana ‘Blinks’ and ‘Actions’ Bring Crypto Trading to Social Media Feeds To verify a bullish reversal and pursue the $150 target, Solana needs to close above multiple moving averages. Recently, Solana found support at the 200-day EMA around $130. Numerous tests of this level indicate significant buying interest. The volume profile shows mixed signals. While some trading activity is present, there's not enough to indicate strong bullish momentum. An increase in volume would signal growing confidence in Solana's price action. Solana's RSI is around 50, suggesting potential for positive movement. Bulls would benefit from an RSI move above 50. Economic Events That Might Impact Market Sentiment This Week: Several key macroeconomic events could influence crypto prices this week: The Federal Reserve's June meeting minutes, set to be released on July 3, will provide insights into the Fed's decision-making process, especially regarding interest rates. A hawkish stance could weigh on the crypto market, while prolonged rate stability could support crypto prices. Multiple U.S. job data releases for May and June will offer a comprehensive view of employment trends, where higher-than-expected job openings and employment figures could signal economic strength but may also raise inflation concerns, impacting crypto market sentiment. The release of U.S. trade deficit data for May on July 3 could signal economic challenges if the deficit widens, potentially deterring investment in high-risk assets like cryptocurrencies. The implementation of MiCA crypto rules in the EU, starting June 30, will create a comprehensive framework for crypto trading in Europe, potentially causing short-term volatility but aiming for long-term stability. Additionally, Fed Chair Jerome Powell's participation in discussions at the ECB Forum on Central Banking in Portugal on July 2 will provide insights into the Fed's outlook on inflation, interest rates, and global economic trends, impacting market sentiment. Conclusion This week, XRP, Ethereum, and Solana are the top cryptos to watch due to their unique market positions and potential for significant price movements. XRP shows signs of a potential reversal with low trading volume and an RSI around 41, suggesting room for growth. Ethereum remains stable with strong fundamentals, including anticipated ETF inflows of $15-20 billion and maintaining a bullish stance above its 200-day moving average. Solana, maintaining around $150, has seen a 50% jump in trading volume to $1.68 billion, bolstered by positive developments like Blockchain links (Blinks) and strong support at the 200-day EMA. As always, keep an eye on market trends and indicators for the latest updates and potential investment opportunities.
Avalanche (AVAX) saw a significant price spike of 9.1% in the past 24 hours, bringing its price to $27.96. This surge followed speculations about an AVAX ETF on X by Quinten Francois, a crypto influencer with over 115k followers. Last week, AVAX suffered a price drop due to the BtcTurk exchange hack. Quick Take AVAX price increased by 9.1% in the past 24 hours supported by rumors of an AVAX ETF following VanEck’s Solana ETF filing. Formation of a falling wedge, crossing above the 50-day SMA, and RSI approaching 60. If AVAX breaks above the wedge, a 76% rally could push the price to $58. An increase in open interest by 6.14% indicates accumulation among AVAX traders. Why Is Avalanche Price Surging? AVAX/USDT price chart | Source: KuCoin The recent AVAX price surge follows speculations about an AVAX ETF on June 27. This speculation was sparked by VanEck’s filing for a Solana ETF, categorizing the asset as a commodity. A crypto investor, Quinten Francois, shared a list of altcoins likely to see ETF filings soon, with Avalanche being a top contender. Source: @quintenfrancois on X Read more: VanEck Files for First Solana ETF in the U.S.: A Potential Game Changer? AVAX Technical Analysis: 76% Rally in the Cards? AVAX hit a yearly high in March but began to decline, forming a falling wedge. Falling wedges are bullish patterns that often lead to an upward breakout. Recently, AVAX crossed above the 50-day simple moving average (SMA) but remains below the 200-day SMA. The 14-day relative strength index (RSI) dipped into the oversold area before recovering and is now approaching the midpoint of 43, aiming for 60, where resistance exists. If AVAX breaks above the falling wedge, it could rally by 76%, bringing the price to $58. However, if bearish trends continue, the price could find support around $23.51 and $19.54. On a lower time frame, AVAX broke out of an inverted head and shoulders pattern. This pattern suggests a 7% upside move, potentially raising AVAX’s price to $30.07. AVAX Registers 6.41% Increase in Open Interest Data from Coinalyze shows a 6.14% increase in aggregate 24-hour open interest (OI) for AVAX, indicating investor accumulation and anticipation of further price movement. According to Santiment, the AVAX rally is largely ignored by the crowd, reducing the risk of a sudden correction due to FOMO (fear of missing out). Bullish Reversal Indicators Avalanche NVT Ratio | Source: AMBCrypto AVAX shows promising signs of a bullish reversal, supported by recent market dynamics and buying pressure. However, for a full bullish reversal, several factors need to align: NVT Ratio: AVAX’s network value to transactions ratio is in a downtrend, suggesting potential undervaluation. Ichimoku Cloud: AVAX needs to break above the Ichimoku cloud, with the Tenkan-Sen crossing above the Kijun-Sen within or above the cloud. MACD Indicator: A bullish reversal requires the MACD line to cross above the signal line, and the price to break above the middle Bollinger Band. Current Bearish Signals Despite bullish indicators, some bearish signals persist: Ichimoku Cloud: The cloud shows a red phase, indicating potential bearishness. Tenkan-Sen and Kijun-Sen: The blue line (Tenkan-Sen) is below the red line (Kijun-Sen), another bearish signal. MACD Line: Currently below the signal line and trending downward, led by bears. Conclusion Avalanche (AVAX) is at a critical juncture. Bulls are positioning for a breakout, driven by ETF speculations and technical patterns. However, bearish indicators suggest caution. For a sustained bullish reversal, AVAX needs to break above key resistance levels and see supportive market indicators.
VanEck, a pioneer in digital asset investments, has taken a bold step by filing for the first Solana ETF in the United States, as per a news report on Watcher Guru. This move comes from their head of digital asset research, Matthew Sigel, who announced on X (formerly Twitter) that the application was submitted to the U.S. Securities and Exchange Commission (SEC) on June 27, 2024. Quick Take VanEck has filed for the first Solana ETF in the United States, submitted to the SEC on June 27, 2024. Following the announcement of the ETF filing, Solana's native token, SOL, saw a significant price increase, rising 12% from $135 to $151 on June 27. Solana has experienced substantial growth, with its total value locked (TVL) increasing by 120% to $4.48 billion in 2024. Solana as a Commodity Sigel explained that VanEck views Solana's native token, SOL, as a commodity, similar to Bitcoin and Ether. SOL is used for transaction fees and computational services on the Solana blockchain. It can be traded on digital asset platforms or used in peer-to-peer transactions, much like Ether on the Ethereum network. "The Solana blockchain’s unique combination of scalability, speed, and low costs may offer a better user experience for many use cases," Sigel, VanEck’s head of digital asset research, added. This perspective underscores the potential of Solana to revolutionize the blockchain industry, particularly in handling thousands of transactions per second with minimal fees. Read more: Solana Fund: 3iQ Files for North America’s First Solana ETF on the Horizon VanEck's Ambitious Plans The proposed VanEck Solana Trust aims to reflect the price performance of Solana, excluding operational expenses. The trust will value its shares daily using the MarketVector Solana Benchmark Rate index, calculated based on prices from top trading platforms. VanEck's move comes on the heels of the SEC's approval of spot Ether ETFs in May 2024. This approval marked a significant shift in the regulatory landscape, classifying Ether as a commodity rather than a security. Following this trend, VanEck's Solana ETF could pave the way for further crypto-based investment products. Read more: Spot Ethereum ETFs by July? SEC Chair Gensler Confirms Progress on Approval Solana Price Gains 12% From Institutional Investors, Airdrop Campaigns, Rising TVL SOL/USDT price chart | Source: KuCoin The announcement of the Solana ETF filing has already had a positive impact on SOL's market performance. Data from Cointelegraph Markets Pro and TradingView shows that SOL rose sharply from a low of $135, climbing as much as 12% to an intraday high of $151 on June 27. The layer 1 token jumped 8.5% in just two hours following the news. VanEck's pioneering move has sparked significant interest among institutional investors, similar to the surge seen when spot Bitcoin ETFs debuted. The approval of a spot Solana ETF is expected to further boost SOL’s price, potentially mirroring the positive impact seen with Bitcoin and Ether ETFs. Solana's Airdrop Momentum Solana’s price has had an impressive run over the last year, rallying more than 780% over the last 12 months and 45% year-to-date. Much of these gains can be attributed to successful airdrops, leading to the emergence of popular Solana-based tokens such as Jupiter (JUP), Dogwifhat (WIF), Bonk (BONK), and Book of Meme (BOME). Adding to this momentum, Solana-based decentralized exchange (DEX) Zeta Markets has launched its native token, ZEX, and opened airdrop claims. The airdrop is designed to reward early users and encourage long-term participation in the protocol. Eligible users have 90 days to claim their airdrop allocations, with 2% of the token supply (20 million ZEX) allocated for staking during the Genesis Epoch. Read more: Zeta Airdrop Starts June 27: Here’s How to Claim ZEX Tokens Solana TVL Up By 120% in 2024 Solana DeFi TVL | Source: DefiLlama The flurry of airdrops and increased activity within the Solana ecosystem has significantly boosted the total value locked (TVL) on Solana. In 2024, TVL increased by 120% to $4.43 billion, indicating a strong engagement from users and developers. This rise in TVL enhances investor confidence by showcasing the network’s robustness and growing adoption, translating into higher buying interest and propelling the price upward. SOL Technical Analysis: Path to $200? SOL/USD price chart | Source: Cointelegraph SOL’s price action during the daily timeframe indicates a V-shaped recovery pattern. The 20-day exponential moving average (EMA) at $143.5 is acting as immediate support. The relative strength index (RSI) is rising towards the 70 mark, showing buyers’ dominance in the market. The bulls now focus on the 100-day EMA at $148.5 and, later, the 50-day EMA at $150.5. The next barrier lies at the neckline of the prevailing chart pattern at $176. A daily candlestick close above this level would confirm the continuation of the uptrend. The next logical move would be to the March 18 range high at $209, bringing the total gains to 42%. On the downside, failure to hold above the 20-day EMA at $143 would signal the inability of the buyers to sustain the uptrend. If this happens, SOL could drop to the pattern’s low at $126, invalidating the bullish outlook. Conclusion VanEck's filing for a Solana ETF marks a significant milestone in the evolving relationship between traditional finance and the crypto world. With the potential for significant market impacts and the possibility of political shifts influencing regulatory decisions, the future of Solana and other crypto assets in ETF form looks promising yet uncertain. Solana's strong price performance, driven by institutional interest and strategic airdrops, positions it well for future growth. As the regulatory environment adapts, VanEck's proactive approach could pay off, making SOL one of the next big names in crypto ETFs.
The Zeta (ZEX) airdrop is generating significant buzz, with the $ZEX token poised to become a central element of the Zeta ecosystem. As one of the most established DeFi protocols on Solana, Zeta has built a strong reputation and is now preparing to launch its governance token. In this guide, we will delve into all aspects of Zeta and the $ZEX token, including eligibility, participation, and the airdrop claiming process. Quick Take Zeta Markets, a prominent Solana-based DEX with a focus on perpetual futures, has announced its ongoing ZEX airdrop starting June 27 until July 25, 2024. The project’s native token $ZEX will serve as a governance and growth token within the Zeta ecosystem. Eligibility for the $ZEX airdrop is based on participation in Zeta's point program, where users accrue points. Introduction to Zeta and $ZEX Token Zeta is a decentralized exchange specializing in perpetual futures on the Solana blockchain. Known for its speed and user experience comparable to centralized exchanges, Zeta aims to revolutionize the DeFi landscape by providing a seamless trading platform. At the time of writing, Zeta has a total value locked (TVL) of over $17 million. Zeta DEX TVL | Source: DefiLlama The $ZEX token will play a crucial role in Zeta’s ecosystem, serving as a governance token and incentivizing user participation and platform growth. All About the Zeta (ZEX) Airdrop The $ZEX airdrop is set to distribute a portion of the total token supply to active users and contributors within the Zeta ecosystem starting June 27 till July 25, 2024 . The airdrop compaign aims to reward the community and enhance engagement, aligning with Zeta’s decentralized governance model. Who Is Eligible for the $ZEX Airdrop? Eligibility for the $ZEX airdrop is determined by participation in Zeta's point program across multiple seasons. The more points a user generates, the higher their $ZEX allocation will be. Points are accrued through trading volume, PnL multipliers, activities, referrals, and holding Zeta NFTs. Currently, users are in Z-Score Season 2, where both maker and taker volumes contribute to their scores. How to Participate in the Zeta Airdrop To participate in the Zeta airdrop, you must be active within the Zeta ecosystem and generate points through various activities. Here's a step-by-step guide to participating in the $ZEX token airdrop campaign: Step 1: Visit the Claim Site and Check Eligibility Go to Zeta's token claim page. Enter your Zeta address to verify eligibility. Source: Zeta Markets Docs Step 2: Connect Wallet and Accept Terms Use your preferred Solana wallet, such as Phantom, to connect to the interface. Agree to the airdrop terms and conditions. Step 3: Choose Your Claim Method Decide between Immediate Claim or Diamond Hand Claim. Source: Zeta Markets Docs Step 4: Claim $ZEX Tokens Approve the transaction and wait for the tokens to arrive in your wallet. How to Claim Your $ZEX Allocation What Is Diamond Hand Claim? Source: Zeta Markets Docs The Diamond Hand Claim is for users committed to Zeta's long-term vision. By opting for this, users can claim all their allocations in full at TGE and stake them immediately. Benefits include qualification for the Staking Airdrop and immediate participation in governance with boosted incentives. What Is the Immediate Claim & 7-Day Bonus? Source: Zeta Markets Docs The Immediate Claim allows users to claim their airdrop at any time, including any unlocked portion of the 7-Day Bonus. As the bonus continues to unlock, users can claim larger allocations up to the maximum at the end of the 7-day period. Example Claim Immediately at TGE: User A can claim 1000 $ZEX with no 7-Day Bonus. Claim After 4 Days: User A can claim 1000 $ZEX plus 571 $ZEX from the 7-Day Bonus. Claim After 7 Days: User A can claim the full 2000 $ZEX (1000 $ZEX allocation + 1000 $ZEX 7-Day Bonus). What Is Zeta Staking Airdrop? Source: Zeta Markets Docs Staking $ZEX tokens is a key component of the Zeta ecosystem, rewarding long-term commitment and governance participation. The staking airdrop, representing 2% of the total supply, is designed to incentivize users who stake their tokens within the first epoch after the Token Generation Event (TGE), ending on July 25th at 09:59 UTC. The staking airdrop will be allocated based on a user's average governance score, gZEX, over the epoch. The longer and more tokens a user stakes, the higher their gZEX score will be. This airdrop will occur 28 days after the TGE and will be in the form of ZEX staked as gZEX for 90 days. Why Stake on Zeta DEX? Staking helps establish governance mechanisms and aligns key users with the protocol by rewarding their participation with incentives. As Zeta migrates to Zeta X and transitions to its own Layer 2, governance will become increasingly important, influencing parameters like transaction fees, validator rewards, market listings, and incentive emissions. When to Claim Zeta (ZEX) Airdrop The staking airdrop will be distributed on July 25th, at the end of the Genesis Epoch. It will be distributed as gZEX staked for 90 days, converting to liquid ZEX over this period. A user's average gZEX is sampled daily, and those staking later in the epoch will earn a lower share of the airdrop due to lower average gZEX scores. Zeta Airdrop Challenges and Precautions High demand during the airdrop could lead to network congestion and delays. Users should be cautious of imitation sites and phishing scams. Always verify links and avoid responding to unsolicited messages regarding the airdrop. Conclusion The Zeta airdrop is a significant event in the Solana DeFi space, offering rewards to early adopters and contributors. By participating in the airdrop, users can support Zeta’s growth and engage in its decentralized governance. Stay tuned for more updates on the airdrop timeline and how to maximize your $ZEX allocation. FAQs on Zeta Airdrop 1. How do I check if I'm eligible for the Zeta airdrop? Visit the official Zeta airdrop claim page and enter your Zeta address to verify eligibility. 2. What issues might users face during the Zeta airdrop? Users might experience network congestion and delays. Ensure you are following the correct steps and use only official links. 3. What should I do if I face issues while claiming my $ZEX tokens? Follow the steps on the claim site carefully. For persistent issues, contact Zeta’s support through official channels. 4. Can I sell my $ZEX tokens immediately after claiming them? Yes, but consider the market conditions and potential benefits of holding or staking the tokens. 5. What are the benefits of holding $ZEX tokens? Holding $ZEX tokens allows participation in governance, potential rewards from staking, and supports the growth of the Zeta ecosystem.