Bitcoin Exchange Withdrawals Soar, Defying Bearish Market Sentiment

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April 17, 2024

Bitcoin Struggles To Stay Above $20,000 As BTC Balance On Exchanges Hits Critical Low

Bitcoin (BTC) continued its tumultuous journey on Wednesday even as the highly anticipated halving event loomed. Despite this backdrop, recent trends revealed Bitcoin trading mostly sideways, steadfastly clinging to a closely monitored weekly support level of around $61,000.

Amidst this uncertainty, investors found themselves treading cautiously, navigating a maze of contradictory signals within the market. While some maintained a bearish outlook, predicting a potential downturn of approximately 30% from the recent all-time high of $73,375, others harboured a sense of optimism fueled by various fundamental and technical factors.

Notably, on Tuesday, renowned analyst StockmoneyLizards urged caution amidst bullish signals, highlighting the possibility of mid-term corrections for Bitcoin to the $50,000s, as seen on the Wykoff Distribution indicator.

Nonetheless, the analyst emphasized that the bull market remains intact, suggesting it’s merely taking a breather following a year-long upward trajectory.

Elsewhere, the founders of crypto analytics firm Glassnode operating under the pseudonym “Negentropic” expressed confidence in Bitcoin’s resilience. They observed Bitcoin’s rapid rebound from the critical support level of $58,000, with the Relative Strength Index (RSI) indicating a shift towards bullish momentum. However, they advised vigilance, warning that Bitcoin could still experience further declines.

“While optimism permeates the market with sights set on breaching $68k and beyond, caution remains paramount,” they wrote. “Any downward movement below $58k threatens to disrupt the ongoing bull market trend.”

That said, amidst these cautionary sentiments, crypto analytics firm Cryptoquant analysts highlighted data revealing a significant surge in Bitcoin withdrawals from exchanges.

“Bitcoin withdrawals from exchanges reached their highest level since Jan 2023, indicating a significant accumulation phase. Also, recent metrics show a cooled-off market post a 10% decline last week, suggesting potential for a price increase,” the firm tweeted on Wednesday.

The analyst further suggested that the withdrawal spike may be linked to preparations for the upcoming halving. Historically, increased withdrawal activity has been associated with a rise in holding behaviour, often preceding future price surges.

Furthermore, Burak Kesmec, an analyst at the firm, noted a reduction in leveraged trading, with open interest on derivatives exchanges dropping from $18 billion to $14.2 billion. He emphasized that this decline in leveraged positions follows a period of intense trading activity and could signify a temporary stabilization in the market.

Another analyst from the firm highlighted the Short-Term Holder Spent Output Profit Ratio (STH SOPR), indicating a buying opportunity as short-term holders began to sell off. Historically, price increases have followed this phase, suggesting potential for a bullish trend reversal.

Bitcoin was trading at $61,560 at press time, reflecting a 3.42% drop over the past 24 hours.

Market Veteran Raoul Pal Went All In On Solana. Here Is Why He’s Betting Big On The Ethereum Killer

By

Brenda Ngari

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April 17, 2024

Solana Explodes by 30% in a Week — Factors Behind The Move Suggest SOL Could Go Crazy In March

Former Goldman Sachs executive Raoul Pal has recently disclosed being heavily invested in the native token of the Solana network, SOL.

Speaking during an interview on the Bankless podcast, Pal indicated that he allocated 80% of his crypto portfolio to SOL, while the rest is in meme coins, non-fungible tokens, and his digital assets-focused investment fund.

“I am 80% SOL. All of my ETH is now NFTs (non-fungible tokens), I have been buying high-end art NFTs. I then have a bunch of the portfolio in the fund of hedge funds in Exponential Age Asset Management,” the former Goldman Sachs executive posited. “And I have 1% in stupid s**t like dogwifhat, Dogecoin and Bonk. Got all of those. But that’s 1%… just to be clear I’ve got like in all of meme coins and everything else, 1% of my portfolio. I am 80% Solana.”

Pal’s bullishness on SOL is warranted. Solana became hot again last year after payments giant Visa announced it would utilize the blockchain’s technology to speed up credit card payments. Then, there is the meme coin craze, which has taken crypto markets by storm. Solana has seen the launch of thousands of new meme coins, which have amassed billions of dollars in trading volume in recent months, helping the fifth-largest blockchain outshine rivals like Ethereum, Avalanche, and BNB Chain in areas such as user activity, growth, and adoption.

Regarding what pushed him to invest heavily in SOL, Pal explained:

“The chart that was a standout in 2022 was the Solana/Ethereum chart. And that was the chart that got me buying Solana and then going all in. Much like I went into Ethereum all in about September 2020. I just did it earlier in Solana.”

SOL has jumped by over 1,200% since its closing price of $9.85 in 2022. Ethereum (ETH), on the other hand, gained approximately 150% from its $1,200 closing price in 2022.

Notably, Solana’s success has come at a price. The popular blockchain has been plagued with severe congestion issues in recent months. However, after weeks of failed transactions, Solana developers finally rolled out the v1.17.31 mainnet update to address the network congestion.

The price of SOL was changing hands at $136.45 at publication time, down 1.7% on the day, as Bitcoin (BTC) dropped hard and fast. The largest and oldest crypto plunged to under $60,000 today before slightly rebounding to $61,253 as of press time.

Dogeverse Memecoin Raises $6M After Completing Coinsult Audit

By

PR DESK

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April 17, 2024

Dogeverse Memecoin Raises $6M After Completing Coinsult Audit

A new multichain meme coin, Dogeverse, has successfully raised $6 million in its presale and has recently completed a smart contract audit.

The new meme coin utilizes bridge technology to ensure widespread availability across the most prominent on-chain markets.

Embracing a Multichain Approach for Enhanced Accessibility

With Dogeverse’s expertise in the sphere, their token is easily accessible on the most popular smart contract-enabled blockchains.

The initiative starts on Ethereum, BSC, and Polygon and plans to expand to Solana, Base, and Avalanche soon.

With this approach, Dogeverse gains greater flexibility and can maintain its operations even if users switch between its supported chains.

The multichain feature facilitates the connection of various blockchain communities, uniting them under a single meme coin banner.

Dogeverse secures $6M in funding as the Meme Coin trend persists

The meme coin market has been making waves in the crypto industry lately, boasting a staggering total valuation of over $45 billion.

The presale incorporates a staking mechanism that generates Dogeverse tokens. This mechanism is designed so that the yield will gradually decrease as the staking pool expands.

Coinsult, a highly knowledgeable firm in blockchain security, recently completed a thorough smart contract audit on the new presale meme coin.

Based on its findings, Dogeverse has been determined to have no significant or moderate smart contract issues, with only one minor bug being discovered. Nevertheless, Coinsult highlights that the Dogeverse team has recognized the problem.

The data indicates that Dogeverse is experiencing significant social media engagement and growth. In just one week, the Dogeverse X account has gained over 4K followers, while the Dogeverse Telegram account has reached an impressive 2K.

The project has gained attention from media outlets and market analysts, with notable figures like ClayBro endorsing its “multichain utility.”

Meanwhile, Crypto Gains also commended the project and informed users that its exchange launch was imminent.

^{Disclaimer: This is a sponsored article, and views in it do not represent those of, nor should they be attributed to, ZyCrypto. Readers should conduct independent research before taking any actions related to the company, product, or project mentioned in this piece; nor can this article be regarded as investment advice. Please be aware that trading cryptocurrencies involve substantial risk as the volatility of the crypto market can lead to significant losses.}

MetaWin Launches Innovative TOKENIZED Tesla Cybertruck Contest on Layer 2 Blockchain, Base

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PR DESK

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April 17, 2024

MetaWin Launches Innovative TOKENIZED Tesla Cybertruck Contest on Layer 2 Blockchain, Base

With extensive knowledge and expertise in the field, MetaWin and law firm BCLP have achieved a groundbreaking feat by tokenizing a Tesla Cybertruck. This innovative approach involves converting the vehicle into a digital asset, which is then secured by a legally binding contract and transformed into a Non-Fungible Token (NFT). This NFT, representing complete ownership rights to The Cybertruck, has been recently launched on the Ethereum Base Layer 2 blockchain, operated by the renowned cryptocurrency giant Coinbase.

This contest is groundbreaking, the first of its kind to tokenize a vehicle asset. Participants have the chance to win a Cybertruck through a transparent, on-chain process. Participation in the competition is completely free and conveniently accessible through a Web3 wallet. The Base Layer 2 blockchain offers significantly lower gas prices than Ethereum’s Mainnet.

Rebecca Hanwell, Operations Manager at MetaWin, highlighted, “By leveraging the Ethereum Base Layer 2 blockchain, we not only minimize transaction costs but also ensure complete transparency and immediate transfer of ownership for every aspect of this contest – from entry registration to prize allocation.”

Users can expand their entries by acquiring MetaWin NFTs directly from the website. Every purchase comes with a set of complimentary entries that are recorded on the blockchain upon purchase.

The Tesla Cybertruck, known for its distinctive design and popularity among celebrities, is an exceptional reward. Under MetaWin’s guidance, the NFT contract provides the VIN for reference.

Rebecca Hanwell further noted, “The Cybertruck not only represents an exceptional vehicle but also embodies the technological innovation driving our vision at MetaWin. Hosting this contest on the blockchain ensures that every step of the process is as revolutionary as the prize itself.”

The competition is now open for entries, and the drawing is set for June 1, 2024. Once the contest ends, the winner will be rewarded promptly with their prize, demonstrating the efficiency and potential of blockchain technology in revolutionizing traditional asset ownership. To get all the details and join this exceptional contest, head over to MetaWin.com.

Introducing Godlenfish Memecoin $GODLEN With Staking, PVP Game, and Layer 2 Integration

By

PR DESK

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April 17, 2024

Introducing Godlenfish Memecoin $GODLEN With Staking, PVP Game, and Layer 2 Integration

As the cryptocurrency space continues to evolve, Solana-based $GODLEN has emerged as the latest memecoin garnering the attention of traders. It promises a unique blend of meme potential, utility, and community engagement.

Inspired by the idea that catching a golden fish brings luck and fulfils wishes, GODLENFISH ($GODLEN) aims to become Solana’s premier meme coin mascot, promising fortune to all who hold it.

Backed by a seasoned team with over seven years of experience in the web3 space, $GODLEN has already secured partnerships with over 100 entities, including top-tier centralized exchange platforms, launchpads, market makers, and NFT marketplaces.

Beyond its meme status, $GODLEN offers a range of utility features that are as diverse as they are innovative. From staking protocols that offer varied APRs and staking periods to an engaging PVP game where players can stake tokens and NFTs, $GODLEN ensures that holders are entertained and rewarded. Additionally, plans for an L2 chain tailored for meme coins and exclusive NFT releases further add to its allure.

The success of $GODLEN’s presale, which garnered over 1000 SOL in less than 24 hours, speaks volumes about the project’s potential. With over 500 presale participants and 5000 wallets for airdrops, $GODLEN has already captured the crypto community’s attention. Now, with plans to list on centralized exchanges in the near future, the team behind $GODLEN aims to accelerate the project’s growth and roll out its utility features post-listing.

Launching $GODLEN on Solana was strategic, driven by the blockchain’s vibrant community and scalable infrastructure. As one of the most socially active blockchains, Solana provides the perfect ecosystem for thriving meme coins.

While $GODLEN holds promise as a meme coin, holders should be mindful of the volatile and speculative nature of the market. However, for those with a high-risk appetite and an eye for opportunity, $GODLEN presents an enticing option.

^{Disclaimer: This is a sponsored press release, and views in it do not represent those of, nor should they be attributed to, ZyCrypto. Readers should conduct independent research before taking any actions related to the company, product, or project mentioned in this piece; nor can this article be regarded as investment advice. Please be aware that trading cryptocurrencies involve substantial risk as the volatility of the crypto market can lead to significant losses.}

Bitbot Presale Rockets Past $2.2M With Only 5 Stages Left

By

Guest Author

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April 17, 2024

Bitbot Presale Rockets Past $2.2M With Only 5 Stages Left

Bitbot’s presale has captured the crypto world’s attention, spectacularly surging past $2.2m with only 5 stages left. This isn’t your typical crypto launch; Bitbot is the first non-custodial trading bot, introducing a groundbreaking layer of security to AI-driven trading.

Its position as the best new crypto isn’t just by chance—it’s a testament to its innovative approach, blending state-of-the-art features with robust security measures. In a market thirsting for innovation, Bitbot emerges as an example of trust and efficiency, making it one of this year’s top cryptos.

What is Bitbot?

The Bitbot presale is redefining the cryptocurrency trading landscape with its pioneering non-custodial, security-first approach, starkly contrasting the security challenges many leading crypto projects face. By ensuring that users maintain complete control over their assets without handing over wallet keys, Bitbot significantly reduces the risk of hacks and unauthorized access, marking a significant advancement in crypto security.

Elevating security measures to unprecedented heights, Bitbot is partnered with Knightsafe, integrating cutting-edge anti-MEV (Maximum Extractable Value) and anti-rug pull technologies.

This commitment to impenetrable security is born out of necessity. The AI crypto trading industry witnessed a few security oversights, with projects like Banana Gun and Unibot being disrupted in their early stages.

Bitbot introduces a 12-month emission schedule, further cementing its commitment to a long-term horizon and aligning its interests with community success. This initiative is detailed on Bitbot’s Medium page, offering transparency and insight into the strategic foundations underpinning the platform.

What else attracts Adherents to the Bitbot presale

There is more to Bitbot than its top-notch security. Pre-sale holders are offered unique incentive programs.

With a generous 15% lifetime commission on referral trading fees, Bitbot rolls out the red carpet for its community. If that weren’t enough, Bitbot’s revenue-sharing model breaks new ground at 50%.

Lastly, it harnesses the power of advanced AI to offer trading tools designed to maximize profitability and efficiency for traders of all levels. The platform features an automated sniping tool that capitalizes on buying low and selling high, executing trades at the best time based on algorithmic analysis.

Furthermore, Bitbot’s copy trading functionality enhances the trading experience, allowing users to mimic the strategies of experienced traders.

Adding to its features, Bitbot introduces the Gem Scanner and the Alpha List, two innovative tools that scour the internet for high-potential projects and presales about to skyrocket. These tools provide Bitbot users with early access to emerging opportunities, ensuring they are always ahead in the fast-paced crypto market.

How high can Bitbot go?

Bitbot, currently available at $0.0155, is on a trajectory that could redefine success in the market. With 29.03% growth potential before reaching its final presale milestone of $0.02, the anticipation for its performance post-listing is palpable.

As it prepares to make its mark on exchanges in 2024, Bitbot is uniquely positioned at the intersection of two explosive trends: the thriving Telegram trading bot market, now worth $1.39 billion, and the burgeoning AI technology sector.

The crypto market, buoyed by the anticipation of the upcoming Bitcoin halving and BTC’s surge to new all-time highs, provides an optimistic backdrop for Bitbot’s launch. These significant market events are expected to inject further momentum into crypto, creating an ideal environment for innovative platforms like Bitbot.

Drawing comparisons with industry successes, consider Banana Gun’s BANANA token, which soared to $43.42 from just $0.65, demonstrating an incredible 66x increase since September 2023.

Impressively, Bitbot has already matched Banana Gun’s presale fundraising efforts. Given its superior security features and cutting-edge AI capabilities, predictions of Bitbot reaching $1 by the year’s end seem more than plausible. Such a milestone would signify 50x gains from its final presale price and potentially even better returns.

Its growing community further bolsters the project’s credibility and wide-scale anticipation, with more than 178k followers on X and 25k members on its Telegram channel. The Bitbot following can keep track of the project via regular Medium updates.

Bitbot presale surge establishes its status as the best new crypto

As Bitbot’s presale catapults beyond $2.2m, leaving just 5 stages and the buzz is undeniable. This is potentially a great asset: a ticket to one of the best new cryptos on the market. Bitbot’s groundbreaking security and AI-driven trading prowess excite users keen on securing a seat on the journey.

With the clock ticking and 29.03% left before the presale concludes, you won’t want to miss the opportunity to be part of Bitbot’s ascent — a project set to be the top Telegram trading bot. Seize the moment and jump on board.

To learn more and purchase BITBOT tokens, visit the official website.

^{Disclaimer: This is a sponsored article, and views in it do not represent those of, nor should they be attributed to, ZyCrypto. Readers should conduct independent research before taking any actions related to the company, product, or project mentioned in this piece; nor can this article be regarded as investment advice. Please be aware that trading cryptocurrencies involve substantial risk as the volatility of the crypto market can lead to significant losses.}

Neurahub Announces Full Integration of Generative AI Platform into the Telegram Ecosystem

By

Livine Sanchez

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April 17, 2024

Neurahub Announces Full Integration of Generative AI Platform into the Telegram Ecosystem

Neurahub has successfully integrated its flagship generative AI platform with Telegram, the popular messaging app, in a move that could change the app’s entire ecosystem forever. The announcement means users can now instantly generate powerful marketing materials in text and images using Neurahub’s highly advanced AI algorithms. More importantly, it potentially marks the end of text bots and a new step toward easy access to artificial intelligence for everyday users.

What is Neurahub?

Neurahub is a new project that has been launched on the Ethereum blockchain. It offers multiple innovative AI tools on the same platform. Its mission is to help users discover new income sources through generative AI solutions.

Recent progress in artificial intelligence technology has spurred numerous applications and software products. The change was sudden even for tech-savvy users, who can now produce text and images with minimal inputs to help elevate their businesses. By bringing the most sought-after AI tools onto one platform, Neurahub ensures that people no longer have to jump between various applications to complete their projects, saving them time and money.

Neurahub aims to satisfy the needs of developers and content creators with cutting-edge AI tools, such as an AI text generator that creates entire blogs and articles within seconds. An AI Image Generator produces unique, stunning visuals and images, including art pieces and brand logos.

The platform also provides an AI Code Generator to help programmers create functional codes faster and launch their projects with potentially more success. This tool can create impactful code in over 20 languages.

Who is Neurahub for?

Business owners and entrepreneurs can use Neurahub instead of outsourcing important tasks in their marketing strategies. Moreover, they can rely on highly intuitive AI chatbots that boost brand awareness, mainly thanks to the platform’s integration with the Telegram app ecosystem.

Meanwhile, content creators can enhance their blogs and social media presence with the high-quality content produced by Neurahub. They must provide a few keywords and tweak their preferences to generate content instantly. This way, they save time and resources and can get their projects off the ground faster.

Neurahub’s AI-Driven Revolution on Telegram

Neurahub chose Telegram as the messaging platform with the ideal environment for nurturing generative AI integration. Telegram has grown substantially popular recently, with DeFi and crypto enthusiasts using it extensively. Today, most new projects launching in the Web3 landscape use a dedicated Telegram channel to reach their audience.

Neurahub’s integration with Telegram takes the form of Flux Bot. This advanced AI-driven bot can help users get their messages across the platform faster, easier, and more efficiently. New projects can use it to attract new users who would otherwise be difficult to reach. Also, established projects with large followings can use this service to enhance their presence on Telegram and maximize their marketing efforts.

Participants can also join the Neurahub affiliate program and increase their earnings by recommending the platform to others. These gains will be made available in a revenue share platform accessible to holders of their native token, $NEURA, which has a total supply of 100 million tokens. 75% of this amount will go toward liquidity providers, 10% to marketing, and another 10% to crypto exchange listings. The remaining 5% will go to the Neurahub team (locked for a year with a linear unlock system).

Try Neurahub for free today as part of a time-limited trial. To explore the platform’s complete set of features, consider subscribing to one of its monthly or pre-paid plans, which vary in benefits and costs.

You can learn more about Neurahub at these links: Website | X (Twitter) | Telegram.

^{Disclaimer: The ‘Crypto Cable’ section features insights from crypto industry players and is not part of ZyCrypto’s editorial content. ZyCrypto does not endorse any company or project on this page. Readers should conduct independent research before taking any actions related to the company, product, or project mentioned in this piece.}

Unicorn Takes On the Corporate-Dominated Crypto with Fun Airdrop Competition

By

Livine Sanchez

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April 17, 2024

Unicorn Takes On the Corporate-Dominated Crypto with Fun Airdrop Competition

The rising digital economy is a largely unexplored territory with plenty of earning opportunities for everyone. However, a corporate-dominated sphere of influence uses complex tech terms to make it sound inaccessible to fun-loving, casual users. As a result, potential investors are left out, and digital coin collecting becomes an exclusive pastime for an unnecessary elite.

Unicorn is an up-and-coming project seeking to change this status quo. It is the first-ever proof-of-stake blockchain and simultaneously a memecoin. In other words, it is a layer-1 meme chain focusing on those coin-gathering communities pushed away by the corporate side of the crypto ecosystem.

Join us as we examine what makes Unicorn unique. We will also explore the project’s fun airdrop competition, which challenges over 30 cross-chain communities to attract considerable gains with minimal effort.

A Dive into the Origins of Memes and Crypto

Most meme coins are born from trending events or funny takes on popular memes. Only a few expand on their visions or have long-term roadmaps. That’s why some meme coins are merely the latest flavour of the week, hitting the scene with a bang and disappearing before building loyal communities.

Unicorn sticks out into a growing sea of meme coins through its unique characteristics and plans to become the go-to meme chain for all meme coin and NFT lovers.

An original concept

Unicorn is more than a memecoin. It is a layer-1 blockchain using the proof-of-stake (PoS) consensus mechanism. It caters to Web3 communities seeking a platform designed specifically for memecoin enthusiasts, NFT collectors, and crypto lovers with a laidback approach to digital assets.

A VC-less coin

The project’s native coin, $UNICORN, was fairly launched and is distributed only via airdrops. This means anyone can share in the fun and spoils without fear of rug pulls or whales taking over most of the token supply.

A homage to simpler times

Unicorn takes users on a trip back to the early days of the internet and cryptocurrencies. The project’s website is jam-packed with classic memes, gifs, and funny unicorn animations. Everything from the layout to the fonts and graphics they use points to a simpler time when the corporate mindset hadn’t taken over the users’ sense of humor.

A cross-chain approach

Unicorn engages coin holders from popular networks, such as Ethereum, Solana, and Cosmos. NFT and memecoin holders can benefit from UNICORN airdrops with straightforward, accessible eligibility conditions.

Empowering memecoin and NFT aficionados

Unicorn organizes regular airdrops for memecoin and NFT holders on other blockchains. Participants are grouped in communities and must help increase awareness for Unicorn to become eligible for the airdrops. Moreover, Unicorn keeps a live rankings table showing the communities with the highest claim rate in the next airdrop.

Here are the eligibility rules for the ongoing Unicorn airdrop:

Hold Cosmos, Ethereum, or Solana assets during the Airdrop snapshot.
Connect your Cosmos wallet to the UNICORN Chain website.
Connect your Phantom or MetaMask wallets to the website.
Paste your UNICORN address in the designated input box to receive the tokens.
Claim the airdrop and await delivery at 9 pm UTC on weekdays.
Repeat this process for each airdrop distribution every weekday at 9 pm UTC.

Over 30 communities from different blockchains are competing to get the most out of the next Unicorn airdrop. You can participate in the competition, too, by following these simple steps and registering here.

Also, you can learn more about Unicorn at these links: Website | X (Twitter) | Telegram | Discord

^{Disclaimer: The ‘Crypto Cable’ section features insights from crypto industry players and is not part of ZyCrypto’s editorial content. ZyCrypto does not endorse any company or project on this page. Readers should conduct independent research before taking any actions related to the company, product, or project mentioned in this piece.}

Pepecoin Bucks Market Recovery Trend: 69% Of PEPE Holders in Profit

By

Arnold Kirimi

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April 17, 2024

Memecoin PEPE Incinerates 6.9 Trillion Tokens, Triggering 33% Price Jump Amid Market Frenzy

Pepecoin, known for its whimsical frog-themed design and devoted community, stands out amid a broader market recovery, where many cryptocurrencies are still struggling to regain their footing.

Not only has its recent price recovery left many Pepe Coin holders in profit, but it has also raised questions about the potential for profit-taking in the near future.

PEPE Market Recovery Highlights

PEPE Addresses In and Out of Money: IntoTheBlock

Data from IntoTheBlock shows that 69% of Pepe Coin holders are currently profitable, reflecting investors’ positive sentiment. However, with only 27% of holders experiencing losses and 4% maintaining a neutral position, speculation exists about the potential for profit-taking. Profit-taking occurs when investors sell their assets to realize gains, often leading to short-term price corrections.

Market Dynamics and Future Outlook

As observers keenly track Pepe Coin’s movements, there’s a sense of excitement in the air. Expectations run high for a significant price shift that could see Pepe Coin shed a zero and reach new resistance thresholds. These forecasts fuel enthusiasm in the market, sparking lively discussions among investors and enthusiasts about where the coin’s price might be headed next.

This past weekend, crypto analyst Ali suggested PEPE could be gearing up for a significant move. He advises monitoring for a daily close above or below the $0.00000793–$0.0000664 range, potentially leading to a 54% price swing for PEPE. As analysts speculate about a substantial price shift, the PEPE community eagerly awaits developments.

At the time of writing, Pepe Coin is trading at $0.000004973 following a recent 10% decline. However, its trading volume decreased by 27.09% to $614 million on the last day. The coin’s value has fluctuated between $0.000005535 and $0.000004885 in the past 24 hours, with a Relative Strength Index (RSI) of around 39, indicating a neutral position.

New Pepe Coin Listings to Boost Recovery

In recent developments, Coinbase announced the addition of Pepe perpetual futures to its trading platforms, including Coinbase International Exchange and Coinbase Advanced. The market for 1000PEPE-PERP is set to open on April 18, 2024, providing traders with new opportunities to engage with PEPE.

Additionally, PEPE has expanded its reach by partnering with SwissBorg, a Swiss-based fintech platform. This partnership enables PEPE token holders to access 16 fiat currencies, including EUR and CHF, directly through the SwissBorg app, further enhancing the token’s utility.

ETFSwap (ETFS) Raises $750,000 As Institutional Holders Look To The DeFi Platform For Tokenization

By

Guest Author

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April 17, 2024

ETFSwap (ETFS) Raises $750,000 As Institutional Holders Look To The DeFi Platform For Tokenization

The DeFi sector in the blockchain industry is heating up with several narratives that have taken it by storm. Starting from artificial intelligence (AI) to web3 gaming, NFTs, and, more recently, real-world asset (RWA) platforms like ETFSwap (ETFS) spearheading the tokenization of assets.

Tokenization is the new kid on the block, attracting institutional confidence as the leading global management consulting firm Boston Consulting Group speculates that the value of the RWA market will surge to $16 trillion by 2030.

Currently, several platforms are making waves in the tokenizing of assets, but ETFswap (ETFS) stands out with its unique proposition and incredible private sale success. This article will briefly discuss ETFswap (ETFS) before moving on to its killer features and functionalities.

Why Are Institutional Holders Rooting For ETFSwap To Lead The Tokenization Market?

ETFswap (ETFS) is a unique platform leading asset tokenization by tokenizing exchange-traded funds (ETFs). It is the first choice for institutions looking to corner the tokenization market. The tokenized ETFs will provide access to traditional ETFs on-chain, allowing traders to easily track their progress before making decisions, thereby minimizing losses. ETFswap (ETFS) will feature unique functions like fractional ownership, seamless swapping, leverage trading, and staking.

As a safety precaution, Cyberscope, an expert in blockchain security, has audited its smart contract, certifying that it has no critical loopholes that can make it vulnerable to cyber-attacks. The certification by Cyberscope clearly shows that ETFswap (ETFS) is interested in the welfare of its holders and the ecosystem, protecting it from malicious actors. Also at the heart of the platform is ETFS, its native token, which functions as a standard ERC-20 token serving the purpose of utility and governance.

ETFswap (ETFS) has developed an ingenious sharing formula for its token total supply to ensure fairness and equality. It allocated 40% for presale events, which will help users join early on this project. Also, as a core believer in community, the platform has reserved 4% for the ETFswap (ETFS) community. ETFswap (ETFS) also intends to partner with other titans in the DeFi sector to accelerate the sector’s growth.

ETFS Attracts DeFi Holder Confidence With Private Sale Success

ETFSwap (ETFS) recently held a private sale event inviting large holders to join the project ecosystem. By the end of the sale, major institutions had infused a massive $750,000 in the project.

The platform aims to use this fund to accelerate platform launch, development, and expansion. Also, to work in agreement with their vision of expansion, ETFswap (ETFS) has chosen to reject acquisitions from venture capitalists (VC), allowing all equal opportunity to participate in its ecosystem. This is because accepting buys from VCs would mean working on the goals and interests of the VCs only as opposed to working towards developing functionalities that will benefit all users.

This decision not to take VC money increased faith in the project, and immediately after the end of the private sale, the platform started a public sale of the token. It is currently in its Stage 1 presale round, offering the tokens for $0.00854 apiece.

Riding on the success of the private sale, over 18.5 million tokens have been sold, as fear of missing out (FOMO) has made users rush in to get this token brimming with potential. Experts also speculate that the token will surge by 10,000%, taking its price to $1 once it lists on major exchanges. Additionally, joining the Presale Stage 1 will mean automatic profit when Stage 2 kicks off at a higher price of $0.01831.

As any crypto adherent knows, joining a project at the earliest onset is the best way to unlock its potential. This means that the presale Stage 1 is the appropriate time for anyone to get in on this project, which will help boost their portfolio as this is the lowest the token’s price will ever be.

For more information about the ETFS Presale:

Visit ETFSwap Presale

Join The ETFSwap Community

^{Disclaimer: This is a sponsored article, and views in it do not represent those of, nor should they be attributed to, ZyCrypto. Readers should conduct independent research before taking any actions related to the company, product, or project mentioned in this piece; nor can this article be regarded as investment advice. Please be aware that trading cryptocurrencies involve substantial risk as the volatility of the crypto market can lead to significant losses.}

Telegram Founder Banks on Bitcoin for Ultimate Freedom

By

Newton Gitonga

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April 17, 2024

Novogratz: Telegram should Integrate Bitcoin, 'We Don't Need Another Crypto'

Telegram founder Pavel Durov has disclosed owning a substantial Bitcoin holding, suggesting that it represents the ultimate form of freedom.

During an interview with former FOX News host Tucker Carlson on April 17 at his Dubai headquarters, Durov provided insight into his unconventional approach to wealth and business ownership.

Central to the discussion was Durov’s steadfast commitment to maintaining full control of Telegram, the renowned privacy-focused messaging platform boasting over 900 million users worldwide. His decision to shun traditional venture capital funding has long intrigued the tech sphere, with Durov attributing it to his unwavering dedication to independence and his mission-oriented ethos.

“My reluctance to embrace Venture Capital funding early on stemmed from our desire for autonomy. We understood that our mission and objectives might not align with those of potential investors,” Durov told Carlson.

The billionaire then delved into his philosophy, disclosing that a portion of his considerable wealth, estimated in the hundreds of millions, is invested in Bitcoin. This move, he suggested, aligns with his broader aspiration to liberate himself from fiat-based systems of control.

“I have a few hundred million dollars in my bank account or in Bitcoin since 10 years ago and I don’t do anything with it. I don’t own any like real estate Jets or Yachts. I don’t think this lifestyle is for me. I like to focus on what we are doing with Telegram,” Durov asserted.

Notably, the billionaire’s perspective on prosperity transcends mere accumulation, underscoring the primacy of personal freedom over material possessions. He further contended that financial autonomy empowers individuals to evade the shackles of physical constraints associated with materialism.

“My paramount concern in life is liberty. The moment you begin amassing possessions, you inadvertently tether yourself to a specific locale. While I harbor no disdain for those who indulge in real estate acquisitions, it’s a path I personally eschew,” he emphasized.

That said, despite his dedication to individual freedom, Durov predicted a future shaped by heightened governmental encroachments on privacy, necessitating the emergence of secure communication devices akin to cryptocurrency hardware wallets.

“I think governments [are] becoming less tolerant of privacy…I think some new secure Hardware, you know, communication devices will be created in a similar way that now we have Hardware wallets to store your cryptocurrency. Maybe we’ll have secure communication devices you know to send messages or do voice calls.” Durov stated.

In recent years, Telegram has been integrating various crypto payment options to facilitate secure and swift transactions. Last year, the platform introduced a new feature called Wallet Pay, allowing merchants to accept cryptocurrency payments with Bitcoin (BTC), Tether (USDT), and Toncoin (TON).

XRP Bombshell: Ripple’s 500 Million XRP Unlock from Escrow Stuns Token Holders

By

Arnold Kirimi

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April 17, 2024

Ripple Buys Shares In European Crypto Exchange Bitstamp: Massive XRP Growth Ahead?

Ripple, the blockchain organization responsible for the XRP digital currency, recently released 500 million XRP tokens from its escrow accounts. This unexpected move, which amounts to circa $300 million at the time, has stirred up uncertainty and speculation among members of the XRP community regarding Ripple’s motives and potential effects on the XRP market.

XRP Escrow Release Raises Eyebrows

Typically, Ripple releases a certain amount of XRP from its escrow accounts each month. However, the recent unlocking of 500 million XRP in two separate transactions deviates from this regular pattern.

On April 12, Whale Alert reported that the initial transaction released 200 million XRP, valued at $122.63 million, followed by a second transaction unlocking 300 million XRP, worth $183.89 million. This action has sparked curiosity among numerous XRP holders and community members regarding the rationales behind the release.

Thats a hefty stash getting unlocked! Always fascinating to see these movements in the crypto space. #XRP #crypto
— Crypto Signals (@CryptoSignalsU) April 12, 2024

The origin of the tokens adds to the mystery. Both transactions originated from an address associated with Ripple since 2017 but that had been inactive since 2021.

The re-emergence of this dormant address for such a substantial transfer has raised eyebrows and fueled speculation about Ripple’s plans for the released XRP. Compounding the uncertainty is Ripple’s lack of official communication regarding this unusual activity, leaving the community to speculate about the company’s intentions.

The sudden release of 500 million XRP had an immediate impact on the cryptocurrency’s price. XRP experienced a 10.18% decline in price, raising concerns among holders and traders about the short-term direction of XRP’s price. However, despite the drop, some analysts remain optimistic about XRP’s future, pointing to its stability above and the potential for a breakout soon.

XRP Price to $1,000?

A recent X post predicted that XRP could surge to $1,000 within five to ten years. The market trader ‘BarriC’ based this forecast on the influx of new money into crypto, citing the potential entry of around $400 trillion of personal wealth and institutional investments into cryptocurrencies.

I’ve put a lot of thought into $XRP going to $1,000

This isn’t an arbitrary number I’ve pulled out of my ass for the fun of it

I look at where the #Crypto market was when I first got into it in 2016$BTC @ $330$LTC @ $3

Then comes 2017$ETH @ $10$XRP @ 0.008

At the time…
— BarriC (@B_arri_C) April 4, 2024

The market trader highlighted the impact of Spot Bitcoin ETFs on Bitcoin’s price surge, suggesting that a similar trend could benefit XRP once institutional investors show interest in a spot XRP ETF.

He dismissed skepticism about XRP reaching $1,000, arguing that such doubts imply a stagnation of the entire crypto market, which he finds unlikely given the sector’s ongoing growth and evolution.

BarriC expressed confidence in Ripple’s continued success, suggesting that failure on their part would be the only obstacle to XRP reaching $1,000. Despite acknowledging that many may find it hard to envision such a price for XRP, he compared this sentiment to the disbelief surrounding Bitcoin’s rise to $74,000 from just $200 in 2016.

Animoca Brands Founder Expects Bitcoin Surge To $100,000 In 8 Months

By

Newton Gitonga

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April 17, 2024

$100K Bitcoin Price Next For Standard Chartered Bank After Ringing Crypto Winter Dead

Yat Siu, the founder of $5.2 Billion Web3 firm Animoca Brands, has made a bold prediction, asserting that the price of Bitcoin could reach $100,000 before year-end and $1 million in the near future.

Siu made this statement during Wednesday’s panel discussion at the WebSummit Rio conference. He emphasized that Bitcoin’s future value depends not solely on its function as a store of value but also as a crucial status symbol in the digital economy.

“I do believe that Bitcoin can reach a million dollars plus over time,” said Siu, adding, “I would say a more important place for us all to focus is on real-world utility for the assets, and that’s what’s going to drive long-term value and stability.”

Siu further shared his projections for the post-halving trajectory, expressing cautious optimism about its short-term prospects. “While I’m not definitively certain about Bitcoin’s price by year’s end, I do entertain the possibility of it breaching the $100,000 mark,” he added.

Siu also discussed the importance of financial blockchain services and Web3 games in providing access to banking services and education for millions of people who lack it. He noted that millions in places like the Philippines or some Latin American countries lack access to banking services and education. However, with the availability of crypto wallets, he noted that these people can be included in the innovative financial system and gain some degree of literacy through learning through games.

Monica Long, the President of Ripple, who also participated in the panel discussion, emphasized the importance of the “real utility of assets” in contributing to the long-term value and liquidity of cryptocurrencies. Long also predicted an influx of institutions into the crypto sector, stating, “I think that’s going to be really different about this year is the institutional Embrace and takeoff.”

That said, Siu’s prediction of Bitcoin resonates with other industry experts. In January, Cathie Wood, CEO of Ark Invest, projected a potential surge to $1.5 million by 2030 before suggesting last month that it could reach as high as $3.8 million if institutional investors allocate a little more than 5% of their portfolios to Bitcoin.

Similarly, in a Tuesday interview on the Unchained YouTube channel, BitMEX co-founder Arthur Hayes expressed optimism about Bitcoin’s trajectory, stating, “My all-time high prediction is $999,999 -basically $1 less than $1 million Bitcoin- in this next cycle.”

Historical Indicator Sparks Expectation Of 50% Upswing For Chainlink

By

Newton Gitonga

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April 17, 2024

Chainlink Whales Hijack Market, Boost LINK Price and Transactions to Massive Highs

Chainlink (LINK) has continued to experience pressure amidst a prolonged downward trajectory in its price, exacerbated by global macroeconomic factors and various market challenges.

Following its peak at $22.8 in early March, LINK has undergone a substantial decline of around 42%, resulting in significant losses. Insights from IntoTheBlock indicate that only 44% of hodlers are currently enjoying profits from their LINK holdings, while a majority, accounting for 53%, find themselves in the red. Moreover, sentiment indicators underscore a prevailing bearish sentiment among investors, adding to the apprehension surrounding the cryptocurrency’s future performance.

However, despite the prevailing market pessimism, there are indications that LINK could be poised for a significant rebound. In a tweet on April 17, renowned crypto analyst Ali Martinez highlighted a promising trend: whenever Chainlink’s MVRV (Market Value to Realized Value) 30-Day Ratio has dropped below -12.24% since August 2022, it has signaled a prime buying opportunity, with an average return of 50%.

“Currently, LINK MVRV 30-Day Ratio stands at -17.54%. This could be another chance to buy the LINK dip!” Martinez wrote.

The MVRV 30-Day Ratio compares Chainlink’s current market value to its realized value over the past 30 days, serving as a metric to gauge whether LINK is overvalued or undervalued.

Adding to the optimism, analyst UpsidedownCryptodata predicted a 92% chance of LINK seeing positive returns over the next six months. He further pointed out that LINK’s short-term risk is now reverting to a “historically high-value zone,” where the price has always rebounded.

“LINK’s short-term risk fell back to these levels numerous times last bull market, so seeing it do so here is not very surprising. Is this an opportunity once again?” he asked.

Elsewhere analyst “Coinskid” also shared a bullish perspective, likening LINK’s current correction to a macro wave 2 correction. Drawing parallels to Bitcoin’s historical price movements, the analyst revealed he anticipates a “bump n run” reversal, with a target price of $100.

That said, in addition to technical analysis, fundamental indicators have also been promising for LINK’s future trajectory. The recent launch of the Cross-Chain Interoperability Protocol (CCIP) is a pivotal development to tackle significant hurdles within the blockchain ecosystem.

This innovative protocol promises to revolutionize the industry by facilitating seamless connectivity between Layer 1 and Layer 2 blockchains without the necessity for fund transfers. It is set to cement Chainlink’s role in shaping the future of decentralized technologies.

At press time, LINK was trading at $13.26 after a 1.62% surge over the past 24 hours. As per data from IntotheBlock, should the price drop lower, it could find strong support between $10 and $12, where approximately 42,000 addresses recently acquired roughly 60 million LINK tokens worth about $800 million.