blockdropcoin
Home Blog Page 4

Pepe vs Doge Meme Coins: Pepe’s Best Friend $ANDY Pumps 100%, Traders Predict This Dogeverse Meme Coin is Next To Explode

By
Guest Author
-
Pepe vs Doge Meme Coins: Pepe’s Best Friend $ANDY Pumps 100%, Traders Predict This Dogeverse Meme Coin is Next To Explode

Pepe struggles as new dog meme coins surge: $ANDY (100% pump) and Dogeverse (multi-chain) target explosive growth.

Established meme coin Pepe (PEPE) currently faces price fluctuations. Meanwhile, new dog-centric meme coins are gaining ground. 

Enter $ANDY, a newcomer inspired by Pepe’s best friend and $DOGEVERSE, a project aiming to redefine the doge meme coin landscape with a revolutionary approach: multi-chain accessibility.

A Quick Bite of $ANDY: Pepe’s Best Friend on the Rise

Fresh on the scene, $ANDY has quickly gained traction with its dog-themed charm. Launched on the Solana blockchain, the project has experienced a recent surge in market activity, with a trading volume of $6,004.22 in the last 24 hours, representing a 118.40% increase from the previous day.

Looking at the bigger picture, the current price of $ANDY sits at a healthy 98.52% above its all-time low of $0.0001561, recorded just three months ago in January 2024.

Dogeverse: A Multi-Chain Revolution with Star Power

Dogeverse explodes onto the scene with a ground-breaking concept that could catapult its popularity this meme coin season. 

Imagine a Doge with the ability to travel across different blockchains seamlessly – that’s the mascot embodying the spirit of Dogeverse. This ambitious project seeks to break down barriers and foster interoperability between isolated meme coin communities by introducing the world’s first multi-chain meme coin experience.

Dogeverse plans to launch its token ($DOGEVERSE) on six popular blockchains: Ethereum, Binance Chain, Polygon, Solana, Avalanche, and Base. This caters to users with varying transaction fees, network speeds, and preferences for functionalities. 

Users can choose their preferred chain to buy and claim tokens, fostering a broader and more diverse base.

Dogeverse boasts a staking protocol, adding another layer of appeal. $DOGEVERSE token holders can earn passive rewards by staking their tokens, providing an additional incentive for long-term holding.

While still in its early stages, Dogeverse is already generating excitement, with popular YouTubers ClayBro and Austin Hilton endorsing the project and highlighting its potential for 100x growth. This attention from established figures in the online space further fuels speculation and anticipation within the meme coin community.

PURCHASE $DOGEVERSE AT LOW PRESALE PRICE POINT

Dogeverse remains a young project with an ambitious roadmap. Its multi-chain functionality offers a unique selling proposition, and its potential expansion into NFTs and DeFi could add significant value.

The staking protocol provides an additional incentive for holding $DOGEVERSE tokens, and influencer endorsements suggest a strong understanding of the importance of community building within the meme coin space.

With a low market cap currently, an early acquisition in $DOGEVERSE could mirror the incredible growth stories of Dogecoin and ANDY.

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.

Advertisement  

Ripple’s XRP Price to $20? — Devs Unveil Super Bullish Proposal That Could Massively Advance XRPL

By
Arnold Kirimi
-
Ripple's XRP Price to $20? — Devs Unveil Super Bullish Proposal That Could Massively Advance XRPL

RippleX devs have unveiled an ambitious proposal that could significantly expand the utility of the XRP Ledger (XRPL). The proposal introduces an XRPL-native lending protocol, offering XRP holders new avenues to earn on the XRPL.

The developers’ proposal on April 11 will introduce an XRPL-native lending protocol that enables peer-to-peer borrowing and lending of crypto assets without intermediaries. This protocol enhances the XRPL’s decentralized finance (DeFi) capabilities, providing users with more opportunities to participate in the DeFi space.

The proposal, submitted by RippleX developers Aanchal Malhotra and Vito Tumas, emphasizes flexibility and reusability. It would allow users to tokenize assets and earn interest by depositing tokens into a lending pool.

Key Specifications of Ripple’s XRPL Lending Protocol

The XRPL-native lending protocol comprises several key specifications, including XLS-64d, XLS-65d, and XLS-66d. XLS-64d enables the association of a single pseudo-account with multiple ledger entries, facilitating the tracking of balances and issuance of tokens.

XLS-65d introduces a new Pool ledger entry representing a single tokenized asset pool, simplifying interaction with minimal ledger entries. Finally, XLS-66d introduces the actual lending protocol, leveraging XLS-65d for managing liquidity provider assets and enabling peer-to-peer borrowing and lending.

The announcement of the XRPL-native lending protocol has generated significant enthusiasm among XRP holders. Following an amendment on April 11, over 820,000 XRP tokens were initially committed to liquidity pools.

However, the latest data reveals a substantial increase, with over 1.8 million XRP tokens currently locked in liquidity pools. This surge in enthusiasm reflects the community’s optimism about the potential of the new lending protocol to enhance the value proposition of the XRP Ledger ecosystem.

David Schwartz’s Endorsement

David Schwartz, Ripple’s CTO and one of the software engineers who built the XRP Ledger, has endorsed the proposed lending protocol. Schwartz shared his approval of the proposal on X, stating that it would add new utility to the XRPL if passed.

He believes the protocol could help the native decentralized exchange (DEX) become a critical pillar in enabling more accessible, efficient, and transparent financial services. Schwartz’s endorsement underscores the significance of the proposed lending protocol in enhancing the XRPL ecosystem.

Crypto analysts remain optimistic about XRP’s future despite its recent lackluster performance. Some experts predict the cryptocurrency could reach $20 in the next bull market. Matthew Dixon, CEO of Evai, highlighted XRP’s increasing trading volume, which surged by approximately 42% to over $2.1 billion, indicating growing interest in the altcoin.

Advertisement  

Pundit Declares Bitcoin’s Trillion-Dollar Crown Is Here To Stay Amid Deepening Market Rout

By
Brenda Ngari
-
Anthony Scaramucci Says Bitcoin To ‘Easily’ Hit $15-Trillion Market Cap As BTC Touches $28,000

The price of Bitcoin tumbled below $63,000 during Tuesday’s market bloodbath as momentum slowed in the run-up to the network’s much-awaited miners’ rewards halving event.

With the halving now only three days away, BTC plummeted to a low of $61,714 today amid geopolitical instability in the Middle East. The flagship crypto endured a 3.9% decline over the last 24 hours to trade for $62,851 at press time. Bitcoin’s market cap stood at $1.2 trillion at publication.

All of the top 20 crypto assets by market value, excluding stablecoins, have also taken a nosedive, with the likes of Solana (SOL), Telegram-linked Toncoin (TON), and Avalanche (AVAX) slipping by double digits in the past day.

CoinGlass data shows that over the past 24 hours, some $253 million of long positions—traders who bet that prices would rise—were wiped out across the entire crypto market. Of this total, Bitcoin accounts for roughly $81.70 million in longs liquidated during that period.

Willy Woo’s Perspective On Bitcoin’s Future

Statistician Willy Woo suggested that BTC’s latest drawdown towards the $60,000 mark flushed out leveraged longs.

Woo told his 1.1 million followers on the X platform that he doesn’t expect Bitcoin to slump in a straight line as he’s convinced BTC bulls will defend the “formidable” short-term holder (STH) at $59,000. In the expert’s opinion, there is a high chance that the crypto will rebound strongly and liquidate traders who shorted at around $70K-$75K.

The Bitcoin analyst also pointed out that the ongoing consolidation around the current record highs will strengthen the support level for the alpha crypto. Woo indicates that the accumulation between the $60,000 and $70,000 range is forming a base of buyers that will secure BTC’s status as a trillion-dollar asset.

“Remember: the longer BTC consolidates around ATH, the more coins that change hands between investors cementing its price discovery. This creates formidable long-term support once we break it. Bitcoin as a trillion-dollar asset class is here to stay. This is a good thing.”

Bitcoin To $650,000? 

Many industry watchers say the outlook is still bright, thanks to the imminent halving — a pre-programmed event that reduces miner rewards by half every four years — and the possibility of interest-rate reductions.

Woo further posited that the shiny new spot BTC ETFs bring Bitcoin price targets of $91,000 at the bear market bottom and $650,000 at the bull market top. This could materialize once ETF investors have exhaustively deployed capital as per asset manager recommendations. According to Woo, these are actually conservative figures as he believes Bitcoin will undoubtedly surpass gold’s capitalization by the time the ETFs finish their role.

Although excitement persists for such lofty price predictions, Woo warned that these targets are not feasible this cycle because capital deployments take quite some time to complete.

Bitcoin is now 15.8% away from its record high of $73,737 set on March 14.

Advertisement  

“We Sold Everything,” Research Firm Reveals Amid Fears Of An Impending Massive Crypto Market Dip

By
Newton Gitonga
-
Should You Buy The Bitcoin Dip? Analysts Weigh In On Bear Market

Popular crypto research firm 10X Research has liquidated all its crypto holdings, fearing a deep price correction amid ongoing market volatility.

This development was brought to light by the firm’s founder, Markus Thielen, in a Monday blog post raising concerns over fears of an imminent market downturn driven by inflationary pressures and rising Treasury yields.

“We sold everything last night,” Thielen wrote, adding, “Our growing concern is that risk assets (stocks and crypto) are teetering on the edge of a significant price correction.”

Thielen outlined the rationale behind the decision, citing the bond market’s projection of fewer than three rate cuts and the 10-year Treasury yields surging past 4.50% as key indicators signalling a potential price correction for risk assets.

The analyst further noted that much of the crypto rally in 2023 and 2024 has been driven by expectations of a US rate cut, but that scenario is now “seriously questioned.” He also pointed out that miners’ slowdown in Bitcoin ETF inflows and the potential sale of $5 billion worth of Bitcoin could negatively affect the market for several months.

The pundit’s disclosure has elicited mixed reactions, with some in the crypto community calling out the firm for its seemingly contradictory statements. Notably, just last week, the firm noted that Bitcoin could soon rally to new record highs of $80,000 after breaking out of a triangular consolidation.

“You change your mind every two seconds. In the last eight days you’ve called for BTC 80,000, said it will be choppy for months, and now sold everything. that’s retail style day trading.” One critic stated.

Thielen clarified its stance in response, asserting a consistently cautious approach since March 8. As per the analyst, when the triangular breakout faltered, they implemented a stop-loss strategy at $68,300, aligning with their risk-reward trading ethos distinct from venture capital methodologies.

“This is simply risk-reward trading. We are traders, and not VC guys… different approach…,” he added.

Thielen’s disclosure comes amidst growing market uncertainty, especially with the Bitcoin halving on the horizon. Notably, Bitcoin has been experiencing a downward trend for the past two weeks, shedding just over 10% in the last seven days alone.  And while the price remains above a critical support range between $61,000 and $62,000, some experts suggest the possibility of further correction, potentially dipping below $60,000 before a post-halving rebound.

Crypto analyst Ali Martinez highlighted $61,000 as the pivotal support level and $72,400 as the critical resistance level for Bitcoin. Martinez further suggested that Bitcoin could retreat to $56,200 or $51,600 if it breaches support. Conversely, breaking past resistance could lead to price targets of $79,000 and $86,000.

Advertisement  

Elon Musk Ignites Dogecoin (DOGE) Enthusiasts with Cryptic Tweet

By
Newton Gitonga
-
How Elon Musk’s Starlink Could Make Dogecoin Unstoppable

In a move now nearly synonymous with his unpredictability, Tesla CEO Elon Musk once again captivated the Dogecoin (DOGE) community with a tweet reaffirming his support for the beloved meme coin.

On Monday, Musk took to X to share a playful jab at the mainstream media, referencing their acknowledgement of Dogecoin’s remarkable rise in the rankings. Notably, Musk’s tweet seemed to suggest that the increasing recognition of Dogecoin’s stature in the crypto market was a noteworthy milestone, a sentiment that resonated strongly with DOGE enthusiasts.

The cryptic tweet, which had over 47 million impressions at press time, elicited many positive replies, with DOGE enthusiasts interpreting it as a bullish signal for Dogecoin’s future. Notably, the billionaire’s penchant for generating buzz on social media platforms has often translated into significant price movements for cryptocurrencies, with Dogecoin no exception.

Before the peak of the 2021 crypto market, Musk was widely recognized as a key driver behind Dogecoin’s meteoric rise. In April 2021, his enigmatic tweet, declaring “Doge barking at the moon,” ignited an astonishing surge of over 1200% in Dogecoin’s price. And despite facing a sharp correction in the crypto market, Musk’s occasional references to DOGE, particularly regarding its acceptance as payment for certain services and products within his companies, have consistently spurred minor price pumps.

However, it is worth noting that the billionaire’s specific references to the price of DOGE have waned over the past year, particularly following a $258 billion lawsuit filed against him in April of last year, alleging his involvement in a pyramid scheme to support the cryptocurrency.

That said, the timing of Musk’s tweet coincided with a correction period for DOGE. Over the past week, the cryptocurrency has plunged by just over 20%, mirroring losses witnessed across the broader crypto market. However, the ongoing price recoil has generated renewed interest in DOGE, as evidenced by several major investors acquiring the cryptocurrency at current discounted prices.

Earlier on Tuesday, crypto transactions tracking service ‘Whale Alert’ highlighted a whale who scooped 150 million DOGE from Robinhood, propelling his stash to 175.9m DOGE. On Monday, another whale purchased 150 million doge.

From a technical standpoint, the asset’s price is presently hovering above a crucial support range between $0.14 and $0.16, a zone that could play a decisive role in its potential rebound in the upcoming days. Moreover, as per data from Intotheblock, this price range might offer substantial support, considering that 128,000 addresses recently acquired 6.5 billion DOGE.

At press time, DOGE was trading at $0.1533, reflecting a 4.27% drop over the past 24 hours.

Advertisement  

Bitcoin Hovers Above Crucial Support Zone Amid Price Uncertainty

By
Newton Gitonga
-
Bitcoin rebounds after humongous sell scare that compromised $9K support, where next for BTC bulls?

Bitcoin (BTC) has recently experienced a tumultuous ride, plunging sharply over the weekend amid escalating tensions in the Middle East.

Notably, the asset’s price plummeted to as low as $60,805 on Saturday, triggering panic-selling among investors. Despite attempts at recovery on Sunday and Monday, bullish sentiment waned, with prices dropping again on Tuesday.

Meanwhile, the recent downturn has left Bitcoin teetering above a critical support area, raising questions about its future trajectory amidst mounting uncertainty.

In a Monday tweet, popular onchain analysis firm Intotheblock highlighted this situation, noting that Bitcoin is perched atop a major demand zone, where over 1 million addresses recently acquired more than 530,000 BTC at an average price of $64.3k. 

That said, while this area could offer significant price support in the next few days, the firm warned of the possibility of a breach.

“But what if it breaks?” the firm wrote, “The next major demand zone is around $56k. While this doesn’t mean that Bitcoin has to go this low, it is good to keep this range in mind while price is exploring recent lows.”

Separately, the firm highlighted the significance of the Large Holder Netflow indicator, which tracks the accumulation or sale of Bitcoin by wallets holding more than 0.1% of the total supply. Notably, despite the recent dip, there has been no indication of large holders accumulating BTC, suggesting a cautious stance among major investors.

Elsewhere, Julio Monero, head of research at CryptoQuant, commented on the current market conditions, stating on Tuesday, “Bitcoin demand growth has slowed down significantly, both from ETFs and other permanent holders.” He, however, emphasized the potential significance of the ongoing price correction, noting that it could signal a bottoming-out phase in the current bull market.

Additionally, analyst Mark Khalid weighed in on the upcoming Bitcoin halving, a significant event scheduled for April 19th, 2024. Khalid highlighted historical trends indicating that BTC often experienced a dip before such events, followed by a larger price increase.

“Historical data shows that BTC often experiences a dip before the halving, with dips of 30% in 2016 and 20% in 2020. Currently, BTC has only dipped 17%…the current bull run mirrors previous patterns, albeit with increased volatility. Yet, this volatility hints at the potential for the greatest bull run in history. So, embrace the dips, for they may lead to greater heights.” He wrote.

Additionally, analyst ‘OWL” emphasized the ongoing struggle around the $63,000 mark and the historical precedent of price drops ahead of halving events. Referencing Fibonacci retracement levels and market dynamics, OWL forecasted potential correction levels ranging from 25% to 35%, corresponding to price ranges between $55,000 and $48,000. He, however, called on his 115,000 followers on X to remain calm, predicting a price target of $200,000 for BTC soon after the halving.

BTC was trading at $62,796 at press time, reflecting a 1.08% drop over the past 24 hours.

Advertisement  

Binance.US Appoints Former New York Fed Compliance Chief To Board

By
Brenda Ngari
-
Binance.US Says Customer Funds Are Safe As SEC Requests Restraining Order To Freeze Assets

A former chief compliance and ethics officer from the Federal Reserve Bank of New York is set to join Binance.US’s board of directors in the latest move by a cryptocurrency exchange to deepen its ties to Washington.

Ex-Fed chief Martin Grant will bring his decades of “regulatory, legal, and compliance” experience to Binance.US.

Binance.US Taps Martin Grant For Board Role

Binance.US, the American arm of the world’s largest crypto exchange by trading volume, has onboarded a new board member.

In an April 16 blog post, Binance.US announced the appointment of Martin Grant, who most recently served as the global head of regulatory affairs and integrity at JST Digital, to its board of directors.

In his role as a board member, Grant will help the cryptocurrency company continue to navigate the current US regulatory challenges. Grant spent over 30 years serving in legal and compliant-focused roles with U.S. government bodies, Binance.US posited, with the majority of this experience coming during his stint at the New York Fed.

“The American digital asset industry is at an inflection point, and I am excited to help guide the future of one of the country’s most influential and customer-centric crypto platforms,” Grant posited in a statement.

The former New York Fed compliance chief takes on the role just months after Changpeng “CZ” Zhao, the founder and ex-CEO of the global Binance exchange, stepped down as chairman of Binance.US’s board, as part of a settlement with U.S. authorities. As you may recall, Binance and CZ pleaded guilty to anti-money laundering and sanctions violations in November 2023 and agreed to pay $4.3 billion and $50 million in fines, respectively. Zhao’s sentencing hearing is expected to be held on April 30.

Though Binance.US was not part of Binance’s agreement with authorities, it currently faces enforcement action from the Securities and Exchange Commission for allegedly offering unregistered securities to American investors.

The new addition to Binance.US’s board of directors comes about two weeks after Binance announced it was setting up a board for the first time in its history. The seven-member board is chaired by Gabriel Abed, who is the former ambassador of Barbados to the United Arab Emirates.

Advertisement  

Cardano Sees Massive Growth in Smart Contracts as ADA Bulls Target Triumph Over Ethereum

By
Arnold Kirimi
-
Charles Hoskinson Forecasts Cardano’s Triumph Over Ethereum with Upcoming Developments

Cardano, known for its innovative blockchain platform, has been experiencing a remarkable surge in smart contracts, particularly within the Plutus V2 framework.

This increase, which has seen over 1,000 new smart contracts added in April, comes at a time when the broader cryptocurrency market is struggling to show signs of stability following a weekend of steep losses.

Smart contracts are essential components of Cardano’s ecosystem, powering decentralized applications (dApps) and automating transactions on the blockchain. This growth in smart contracts highlights Cardano’s commitment to enhancing its functionality and competitiveness among blockchain platforms.

Cardano Rapid Growth in Smart Contracts

As of April 14, the total number of Plutus scripts on the Cardano network, including both Plutus V1 and Plutus V2, has surpassed 41,000. This represents a substantial 3% increase from the beginning of April, according to data sourced by ZyCrypto.

In particular, there are now 6,470 Plutus V1 scripts, reflecting a slight uptick of 0.15% since April 1. Contrastingly, the count for Plutus V2 scripts has risen significantly to 35,273, marking a noteworthy increase of 3.52% compared to the previous month.

Smart contracts are at the core of Cardano’s functionality, enabling secure, transparent, and automated transactions. They play a pivotal role in cutting out intermediaries, lowering costs and boosting efficiency. The recent surge in smart contracts on the Cardano network indicates a rising trend towards decentralized applications (dApps) and underscores the platform’s growing utility over Ethereum.

Despite the overall market volatility, Cardano’s focus on enhancing its ecosystem and smart contract functionality has positioned it well for growth. The platform’s commitment to research-driven development and community involvement has contributed to its resilience amidst market fluctuations. The stability in the broader cryptocurrency market has also provided a favourable environment for Cardano to expand its ecosystem.

ADA Price Analysis

Cardano is making headlines with a remarkable resurgence, boosting its market capitalization by over $1.7 billion in a single trading session. This surge comes amidst recent market turbulence and uncertainty.

The latest data from CoinMarketCap illustrates Cardano’s market cap climbing from $15.8 billion to $16.3 billion, reinforcing its standing as the 10th largest cryptocurrency by market cap. This places Cardano ahead of Avalanche (AVAX) but trailing behind Toncoin (TON), which currently holds the ninth spot with a market cap of $21.2 billion.

The recent increase in market capitalization can be attributed to the resurgence of ADA, Cardano’s native cryptocurrency. Following a notable 32% drop caused by geopolitical concerns, ADA has rebounded by 2.3% in today’s trading, reaching $0.47. As of writing, ADA/USDT is trading at $0.46, rising 0.65% over the last 24 hours and a trading volume of $610 million during the same time. 

Advertisement  

Solana Finally Easing Network Congestion With Latest Release

By
Marco Tulio
-
Solana (SOL) Is Grossly Overpriced After Scorching Rally, According To This Uber Angel Investor

On April 15, Solana announced the launch of a significant update, version 1.17.31, aimed at enhancing the performance and efficiency of transactions on its blockchain network.

According to Solana’s statement on Twitter, the newly added feature “stake-weighted Quality of Service” will prioritize 80% of connections for validators participating in the network, enabling block producers to process transactions from these validator nodes first.

“The v1.17.31 release is now recommended for general use by MainnetBeta validators. This release contains enhancements which will help alleviate the ongoing congestion on the Solana Network,” said Solana.

What is QoS? How Will It Combat Solana’s Congestion?

QoS is a networking concept that allows prioritizing certain data traffic to achieve greater reliability and performance, as Timothy Garcia, Validator Relations Lead at The Solana Foundation, explains.

“QoS in terms of Solana is a certain set of connections made to a validator’s TPU port (transaction processing unit) that can only be used by other staked validators. In the current implementation, 80% of connections are reserved for QoS, the other 20% can be used by anyone,” Garcia stated.

The Solana developer pointed out that the motivation behind QoS is to prioritize “good” connections during periods of high network traffic. The idea is to incentivize validators with stakes to use these prioritized connections to send useful transactions. However, it’s important to note that QoS connections are not directly related to block transaction inclusion.

Garcia used a nightclub analogy to explain this distinction. He said that QoS connections are like VIP lanes or lanes for members that take you to the club, but once there, the doorman (programmer) decides who gets in and who doesn’t, regardless of the route you took. Even if you try to “bribe” the doorman with a priority fee, it won’t matter if your transaction never arrived due to network congestion.

While the QoS update does not guarantee inclusion, it does increase the likelihood of the network leader seeing the user’s transaction. End users will likely benefit from this feature when using their favourite decentralized applications on Solana.

This update is one of the first solutions proposed by Solana developers to address the congestion issues the network has faced due to its design, which does not have a traditional mempool for pending transactions.

At the time of writing, SOL is trading around $133 after falling 2.9% over the last 24 hours and 25.7% over the week. 

Advertisement  

1 Cent Dogecoin and SHIB Dream: Will This New Defi Crypto Option2Trade (O2T) Skyrocket 2000% Past Memes?

By
Guest Author
-
1 Cent Dogecoin and SHIB Dream: Will This New Defi Crypto Option2Trade (O2T) Skyrocket 2000% Past Memes?

As the allure of meme coins like Dogecoin (DOGE) and Shiba Inu (SHIB) begins to wane, the crypto community is turning its attention to a promising newcomer, Option2Trade (O2T). With predictions of a meteoric 2000% rise, Option2Trade (O2T) is poised not just to compete but potentially outpace long-standing favourites like Dogecoin (DOGE) and Shiba Inu (SHIB). This article will explore the technological foundation, market strategy, and growing interest that underscore Option2Trade (O2T)’s potential to transform the DeFi landscape. Through “Beyond the Meme Coin Mania,” “O2T’s Market Disruption,” and “The Future of DeFi vs. Memes,” we explore whether Option2Trade (O2T) can truly surpass the fleeting charm of meme coins and set a new standard for crypto.

Beyond the Meme Coin Mania

Dogecoin (DOGE) and Shiba Inu (SHIB) captured the hearts of adherents with their viral appeal and community-driven ethos. However, as the crypto market matures, the limitations of meme coins, primarily their lack of substantive utility and dependency on social media hype, become apparent. In contrast, Option2Trade (O2T) offers a robust DeFi platform that addresses real-world needs, from improving transaction efficiencies to enhancing security protocols. The shift from meme to mechanism could redefine priorities, with Option2Trade (O2T) leading the charge.

O2T’s Market Disruption

Option2Trade (O2T) stands out due to its innovative approach to defi, which includes features that are absent in Dogecoin (DOGE) and Shiba Inu (SHIB). With its advanced blockchain technology, Option2Trade (O2T) supports a range of DeFi activities such as staking, farming, and lending, providing tangible benefits and returns to its users. The platform’s ability to offer sustainable and scalable services positions Option2Trade (O2T) as a formidable force in the market, potentially attracting a new wave of holders looking for more than just the next big meme. This shift signifies a potential decline in the popularity of tokens like Dogecoin (DOGE) and Shiba Inu (SHIB) as serious users migrate towards more utility-based assets like Option2Trade (O2T).

The Future of DeFi vs. Memes

The trajectory of DeFi indicates a growing preference for tokens that provide real utility and stability. As Option2Trade (O2T) prepares for a potential 2000% growth, it highlights the evolving nature of cryptocurrency, where the focus increasingly leans towards projects that offer financial innovation and real-world applications. While Dogecoin (DOGE) and Shiba Inu (SHIB) will always hold a special place in the history of crypto culture, the future appears to lean towards DeFi platforms like Option2Trade (O2T) that promise more than speculative gains and are backed by solid technological advancements.

Conclusion: A New Dawn in Crypto

As Option2Trade (O2T) gears up to potentially skyrocket by 2000%, surpassing meme icons like Dogecoin (DOGE) and Shiba Inu (SHIB), it represents a pivotal shift in the crypto world. Enthusiasts are gradually moving away from the whimsical allure of meme coins and looking towards more robust, utility-driven platforms that promise substantial and sustainable returns. With its cutting-edge DeFi solutions, Option2Trade (O2T) is not just challenging the status quo. Still, it is setting a new benchmark for what cryptocurrencies can achieve, signalling a new era of crypto dominated by technological innovation and real economic value.

For more information on the Option2Trade (O2T) (O2T) Presale: 

Use promo code O2TLaunch to get a 15% bonus.

Visit Option2Trade (O2T)

Join and become a community member: 

https://t.me/O2TOfficial

https://twitter.com/Option2Trade (O2T)

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.

Advertisement  

Shiba Budz (BUDZ), Pepecoin, & SHIB: Diving Into PEPE 2024 Potential & New SHIB-Like Cryptocurrency

By
Guest Author
-
Shiba Budz (BUDZ), Pepecoin, & SHIB Diving Into PEPE 2024 Potential & New SHIB-Like Cryptocurrency

Crypto adherents and enthusiasts are keenly watching the development of established tokens like Pepecoin (PEPE) and Shiba Inu (SHIB), as well as the emergence of new players like Shiba Budz (BUDZ). The year 2024 promises to be pivotal for these cryptocurrencies, each poised to capitalize on unique market trends and technological innovations. This article explores the potential of Pepecoin (PEPE) alongside the ongoing developments in Shiba Inu (SHIB) and the rise of Shiba Budz (BUDZ), analyzing the factors that could influence their trajectories in the upcoming year.

Pepecoin (PEPE): Exploring the 2024 Potential

Pepecoin (PEPE) has been making strides in consolidating its position within the cryptocurrency market. Looking ahead to 2024, Pepecoin (PEPE) is set to undergo significant upgrades that could enhance transaction efficiency and security, appealing to a broader user base. Efforts to integrate Pepecoin (PEPE) into various payment systems and commerce platforms are expected to increase its utility and adoption. Strong community-driven initiatives are planned to engage further and expand the Pepecoin (PEPE) user community, which is crucial for its sustained growth.

Shiba Inu (SHIB): Ongoing Developments and Market Presence

Shiba Inu (SHIB) continues to hold a significant presence in the meme coin sector of the cryptocurrency market. As we move into 2024, Shiba Inu (SHIB) focuses on expanding its use cases beyond mere transactions to more complex products. Efforts to enhance its ecosystem with more robust support for developers and new projects could drive further innovation and user adoption.

Shiba Budz (BUDZ): The New Contender

The rise of Shiba Budz (BUDZ) has been nothing short of meteoric, drawing comparisons to the early days of Shiba Inu (SHIB). Shiba Budz (BUDZ) is capitalizing on the viral marketing approach that made Shiba Inu (SHIB) famous, coupled with enhanced technological features that promise better performance and scalability. Like its predecessors, Shiba Budz (BUDZ) is heavily focused on building a strong community, which is vital for its growth and sustainability in the market.

Strategies for 2024

Enthusiasts looking to capitalize on Pepecoin (PEPE), Shiba Inu (SHIB), and Shiba Budz (BUDZ) in 2024 should consider diversifying their assets across these different cryptocurrencies to reduce risk and increase potential returns, given their varied market positions and growth strategies. Keeping a close eye on market trends and technological advancements will be crucial for effectively timing Pepecoin (PEPE), Shiba Inu (SHIB), and Shiba Budz (BUDZ). Engaging with and understanding the community dynamics of each token can provide insights into their potential future movements and innovations.

Conclusion: A Dynamic Year Ahead

The year 2024 is shaping up to be an exciting time for Pepecoin (PEPE), Shiba Inu (SHIB), and Shiba Budz (BUDZ) enthusiasts. With each cryptocurrency developing unique strategies to leverage technological advancements and market trends, the potential for growth and innovation appears promising.

For more information on the Shiba Budz (BUDZ) Presale: 

Presale Website: SHIBA BUDZ (BUDZ)

Use Promo Code budzmoon30 to get 30% bonus

Join and become a BUDZ member: 

Telegram: https://t.me/ShibaBudzP2E

Twitter: SHIBA BUDZ “$BUDZ” (@ShibaBudz) / X

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.

Advertisement  

Litecoin Fails to Innovate, Rival DTX Exchange (DTX) Gains Momentum With $180K Presale in Days

By
Guest Author
-
Litecoin Fails to Innovate, Rival DTX Exchange (DTX) Gains Momentum With $180K Presale in Days

Every cycle, a project that was once a frontrunner becomes a laggard. The top ten cryptocurrencies change every four years, and this pattern has already begun to play out. Litecoin (LTC) failed to innovate while rival DeFi exchange gained momentum with a $180K presale in days.

While Litecoin (LTC) looks increasingly overvalued and weak, DTX Exchange (DTX) has been crushing its presale and is poised to become one of 2024’s breakout stars. DTX is on track to outperform LTC this year massively.

DTX Exchange (DTX) Next-Gen Hybrid Platform

DTX Exchange (DTX) is crushing its presale, raising over $180,000 in several days. Adherents are flocking to this presale to shelter from volatility, and smart money has realized that volatility means growth for trading platforms. DTX Exchange solves the issues faced by millions of traders daily. Instead of geographical restrictions, high fees, lack of asset diversity, and counterparty risk, users get a fully on-chain next-gen trading experience.

This new hybrid model powers the performance of a centralized exchange with its fully on-chain order book and Distributed Liquidity Pools, which aggregate and route trades through optimum pools to ensure market-leading execution. The on-chain order book matches buyers and sellers, and any user can access this verifiable record.

DTX Exchange leverages blockchain to ensure that traders remain custodians of their assets. While the performance mirrors a centralized exchange, the custody is all decentralized. Offering over 120,000 instruments and even introducing contracts-for-differences on-chain, analysts forecast it is becoming a thriving DeFi trading hub and the native $DTX token to 25X in the coming weeks/ months.

Litecoin (LTC) Relic of the Past? 

Litecoin (LTC) has failed to innovate, and its $6 billion market cap looks heavily overvalued. Originally a hard fork of Bitcoin (BTC) but with larger blocks to make it more scalable, Litecoin (LTC) has not introduced any notable upgrades since. Now that Bitcoin (BTC) has solidified its position as a store of value and users can send stablecoins for fractions of a cent on numerous alternative layer one chains, there is little market demand for Litecoin (LTC).

DTX is currently in its first presale stage. To learn more about DTX, visit the DTX presale website or join the DTX 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.

Advertisement  

Trust Wallet Warning: High-Risk Zero-Day iMessage Exploit Targeting iOS Users

By
Marco Tulio
-
Trust Wallet Warning: High-Risk Zero-Day iMessage Exploit Targeting iOS Users

Trust Wallet, a multi-chain self-custody cryptocurrency wallet, announced that a severe zero-day exploit affecting iMessage on iOS devices had been detected for sale on the dark web.

According to the official statement posted on Twitter, this exploit allows remote control of an iPhone without user interaction and is being sold for $2 million. Eowyn Chen, CEO of Trust Wallet, explained that the price of the exploit is high because such threats are typically aimed at high-value targets to avoid the tracking of security investigators.

Trust Wallet Recommends Disabling iMessage While Awaiting an Update

The company’s warning comes from reliable intelligence sources on cyber threats, as reported by Eowyn Chen. Given the seriousness of the risk, Trust Wallet advises iOS users to immediately disable the iMessage application until Apple releases a software update to mitigate the vulnerability.

Following the dissemination of its initial alert, Trust Wallet provided further details while continuing to monitor security threats of this nature through various channels alongside partners and researchers, leading to the prevention of over $600 million in theft from its users.

The company emphasized that this exploit is not exclusively designed for the crypto community but can affect “anyone using iOS with iMessage.” However, it highlighted that “the likely targets are high net-worth individuals as the most lucrative targets.”

Finally, the company emphasized that it has no “vendetta” against Apple. Still, rather its priority is the security of users, clarifying that it loves iMessage as much as anyone, but the security of its users is paramount.

Cyberattack Wave Shakes Crypto Space in 2024

Though only four months have passed since the beginning of 2024, cybercriminals have already carried out several high-profile cyberattacks and exploits. Major incidents include the $80 million hack of the Orbit Chain cross-chain bridge project, the $4.5 million flash loan attack on Radiant Capital that paralyzed the Arbitrum market, and the $7.5 million breach of the crypto payment processor CoinsPaid, among many others.

Additionally, in late March, the DeFi platforms Prism Finance and Mozaic Finance were hacked, resulting in losses of $10 million and $2.5 million, respectively. These incidents highlight vulnerabilities in DeFi protocols that continue to be exploited by hackers.

Another attack that shook the crypto market in February was on the South Korean NFT and crypto gaming platform PlayDapp, which also suffered losses of $290 million in two hacking incidents related to a private key leak.

Therefore, considering the ongoing direct and indirect hacks that the crypto industry faces, it is not unreasonable to follow the security advice of companies to avoid becoming another victim of exploiters. So far, Apple has not officially communicated about the exploit or released an update.

Advertisement  

XRP About to Face Huge Selling Pressure? — These 3 Warning Signs Could Send Ripple’s XRP Crashing

By
Georgi Farfarov
-
Is XRP About to Face Huge Selling Pressure? - These 3 Warning Signs Could Send Ripple's XRP Crashing
Is XRP About to Face Huge Selling Pressure? - These 3 Warning Signs Could Send Ripple's XRP Crashing

As the crypto market continues to fluctuate, investors are watching the movements of popular coins like Ripple’s XRP. Recent indicators suggest that XRP may be on the brink of facing significant selling pressure, potentially leading to a further decline in its price. This article delves into the signals pointing towards a possible downturn for XRP and what this could mean for traders and investors.

XRP Downtrend and Losing Support

Over the past month, XRP saw a notable downtrend, with its price falling below crucial support levels. The loss of support from the 50-day and 100-day Exponential Moving Averages (EMAs) has raised concerns.

These technical indicators signal changes in market sentiment and price direction. With XRP struggling to maintain these levels, the downward trend might continue.

Long-Term Holders Losing Conviction

Another troubling sign for XRP comes from the behaviour of its long-term holders. These investors, who typically hold assets for extended periods, have sold their XRP holdings. While the impact of these movements may not be as significant as in previous instances, they still indicate decreased confidence among long-term holders. In the past, similar indicators have predicted corrections in XRP’s price. And it suggests increased selling pressure sooner or later.

The Relative Strength Index (RSI), a popular momentum oscillator, provides further insight into XRP’s current market conditions. A fall in the RSI below 50.0 is typically a bearish signal, indicating potentially oversold territories. Should XRP’s RSI continue to decline and breach this critical threshold, it could further contribute to a downward spiral in price.

Crucial Support Levels and Potential Downside Targets

XRP is hovering around the $0.46 support level, but if XRP drops below that, it risks losing support from the 100-day EMA, potentially opening the door to further downside movement. Analysts have identified the $0.41 level as a downside target if selling continues.

The signs are stacking that XRP could be facing significant selling pressure in the near term. With the loss of key support levels, waning confidence among long-term holders, and the potential for oversold conditions indicated by the RSI, XRP may continue the downward trend.

Advertisement  
1...345...1,376Page 4 of 1,376
Disclaimer: None Of The Information You Read On ZyCrypto Should Be Regarded As Investment Advice. Cryptocurrencies Are Highly Volatile, Conduct Your Own Research Before Making Any Investment Decisions.
© ZyCrypto Ltd. 2017 - 2024 | All rights reserved. Registered UK Company No. 12068490 | 159-160 City Road, Kemp House, London, EC1V 2NX, UK.