BlockDAG Announces $100M Liquidity Boost and 4-Month Vesting Plan as ETH Trading Reverses and Confidence in SHIB Rises

^{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.}

Franklin Templeton Spot Ether ETF Added On DTCC Website, Fueling Hopes For SEC Approval

By

Brenda Ngari

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April 28, 2024

ETH To The Moon? BlackRock Officially Files For Spot Ethereum ETF With SEC

Franklin Templeton’s proposed spot Ethereum exchange-traded fund (ETF) has been listed on the Depository Trust & Clearing Corp.’s website with the ticker symbol EZET. This development indicates a possible signal that the U.S. Securities and Exchange Commission (SEC) could greenlight the ether ETFs.

Franklin Templeton’s Ether ETF Launched On DTCC

The Franklin Ethereum TR Ethereum ETF (EZET) is now listed on the DTCC — a key platform for securities transactions in the United States.

The Depository Trust & Clearing Corp.’s website’s “Create/Redeem” column lists EZET, signifying its availability for creation and redemption. The listing marks a preliminary step in the trading process, but it does not guarantee that the SEC will approve the spot Ethereum ETF.

Franklin Templeton submitted its Form S-1 to the SEC in mid-February, joining other industry giants like BlackRock, Fidelity, Grayscale, VanEck, and ARK Invest in the ether ETF race. If granted the regulatory nod, the asset manager’s ETF would be listed as “Franklin Ethereum ETF” on the Chicago Board Options Exchange.

The SEC delayed deciding on Franklin Templeton’s ETF proposal on April 23.

Spot ETH ETF Approval Anticipation Brews

Notably, the outlook for Ethereum spot-based ETFs is not as optimistic as it was for Bitcoin-based predecessors. The SEC approved nearly a dozen spot BTC ETFs back in January, allowing them to trade after years of denials. The groundbreaking investment vehicles now trade on stock exchanges and allow traditional investors to purchase shares that track the price of the premier cryptocurrency without the complexities of storing the asset.

Bloomberg ETF analyst Eric Balchunas believes the odds of the SEC approving spot ether ETFs remain infinitesimally low. He cites a noticeable absence of active engagement from SEC officials, contrasting with the approval process of spot Bitcoin ETF. Balchunas says this radio silence with prospective fund issuers could be a bad sign for those hoping for Ether ETF approvals by May.

Similarly, JPMorgan strategists expect a delay in the regulatory approval of the spot ETH products. However, they suggest that approval could eventually follow a court tussle similar to Grayscale’s lawsuit, which forced the SEC to reevaluate spot Bitcoin ETF applications.

That being said, experts and investors alike will be closely watching the developments surrounding Franklin Templeton and other companies’ spot Ether ETF proposals along with the impending SEC decision, recognizing a potential approval as another watershed moment for the crypto industry.

BlockDAG Leads With $21M In Presale, Surpassing BlastUP, Jupiter, Ondo, Polkadot

By

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April 28, 2024

BlockDAG Network Introduces X-Series Miners as The Next Big Crypto

Several contenders like BlastUP, Jupiter, Ondo, and Polkadot show varied performances in the bustling cryptocurrency market, but BlockDAG steals the spotlight. With an impressive 500% surge in its value since the launch of its first presale batch, BlockDAG now projects an astounding 30,000x ROI, leading the race as the top asset of 2024.

1. BlockDAG Dominates with Stellar Presale and Strategic Growth

BlockDAG’s value has skyrocketed from just $0.001 to $0.006 in its ongoing presale, now in its 10th batch, accumulating over $21 million in funding. Its innovative marketing initiatives propelled this dramatic increase, including a substantial $2 million giveaway that has captivated a vast audience.

The project’s ambition extends beyond typical promotional activities. During its inaugural keynote video, it unveiled a $600 million roadmap.

A recent lunar-themed teaser for its second keynote has further intrigued the crypto community, adding to the excitement with updates like the release of its DAGpaper. BlockDAG’s aggressive and dynamic marketing strategies are setting new standards in the industry, positioning it as a primary contender with potential returns up to 30,000x, significantly enhancing its appeal.

2. BlastUP’s Growing Influence

With a presale already bringing in $4.7 million, BlastUP benefits its token holders with airdrops, loyalty rewards from IDOs, and staking returns. Positioned on the cutting-edge Blast blockchain, BlastUP is making strong moves to give blockchain startups prominence within a bullish market.

3. Jupiter’s Price Adjustments

Despite a recent dip of 4.10%, Jupiter’s six-month performance remains strong. Now trading between $0.96 and $1.28, the crypto faces challenges in surpassing the $1.41 resistance, with potential targets at $1.73 if upward momentum continues. Its market stability is monitored closely, with an RSI of 54.85, indicating cautious optimism.

4. Ondo’s Price Volatility

Ondo’s price has shown significant fluctuations, trading around $0.80 after peaking at $1.03. The crypto could see further gains if it overcomes the $1.24 resistance, with ambitious eyes set on $1.62, though a fall below $0.47 could lead to steep declines.

5. Polkadot’s Tactical Recovery

After a monthly drop of 16.57%, Polkadot is making a mild recovery, now priced between $6.52 and $7.53. A high RSI of 72.18 signals strong buying interest but hints at potential overbuying risks. Overcoming the $7.91 resistance could push prices toward $8.92.

Why BlockDAG Leads as the Premier Crypto

BlockDAG highlights a robust presale achievement with over $21 million raised and offers an unprecedented growth potential of up to 30,000x ROI, overshadowing other notable cryptocurrencies. With strategic promotional efforts and groundbreaking technological advancements, BlockDAG is poised to redefine blockchain innovation, making it the most promising crypto for 2024.

Join BlockDAG Presale Now:

^{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.}

BRICS Eye Stablecoin Launch To Reduce The Influence Of The US Dollar — Will Ripple’s XRP Be Utilized?

By

Aliyu Pokima

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April 28, 2024

BRICS Eye Stablecoin Launch To Reduce The Influence Of The US Dollar — Will Ripple's XRP Be Utilized?

The BRICS consortium has indicated a keen interest in rolling out a stablecoin for international settlements amid an ambitious plan to whittle down the influence of the greenback.

According to Russian Deputy Foreign Minister Sergei Ryabkov, the economic coalition comprising Brazil, Russia, India, China, and South Africa is probing the viability of launching a stablecoin in the coming months.

Ryabkov’s statement follows several initiatives by BRICS to dabble in digital assets, but details of the pivot to stablecoins remain unclear. There is widespread speculation that the proposed stablecoin will be backed with gold rather than fiat reserves as the economic bloc attempts to create a new world order.

At the moment, BRICS members and the latest entrants have substantive gold holdings, crediting the theory.

Others argue that BRICS could turn to Ripple’s XRP settlement platform for the stablecoin with a cross-section suggesting that the coalition could build its platform from scratch.

For Ryabkov, the underlying mechanism will have little effect on the need to improve cross-border trade between member states. The Deputy Foreign Minister opines that a successful stablecoin launch will be a precursor for a unified currency for BRICS member states.

One school of thought argues that the stablecoin will depend on BRICS launching a joint central bank digital currency (CBDC). However, no concrete plans for a CBDC by BRICS have materialized, but previous high-level discussions between member states have confirmed an intent to explore blockchain technology.

“We believe that creating an independent BRICS payment system is an important goal for the future, which would be based on state-of-the-art tools such as digital technologies and blockchain,” said a Russian official.

Russia will head the BRICS coalition for a year and has previously tinkered with stablecoins, turning to the offering for cross-border trade. Russia is expected to leverage its experience with stablecoins in its attempt to establish a common digital currency for BRICS countries.

Circumnavigating sanctions

Outside of promoting seamless cross-border transactions, BRICS nations are also keen on reducing the abilities of Western powers to impose economic sanctions.

Russia and China have borne the brunt of economic sanctions in recent years, with experts noting that a shift to digital currencies will be a veritable way to circumnavigate the sanctions.

“This transformation is not straightforward,” said Russia’s Foreign Minister Anton Siluanov. “We see what restrictions and sanctions are trying to restrain China and Russia – these are the consequences of the paradigm shift.”

Bitcoin Primed For November 2020-Esque Meteoric Price Growth Amid Extreme Compression: Pundit

By

Brenda Ngari

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April 28, 2024

Deutsche Bank Survey: Bitcoin Will Grow At “Light Speed” But Won’t Displace Cash

Bitcoin’s movements have been unremarkable in the past week, weakly wobbling seven days after its much-awaited halving event. At press time, the Bitcoin price hovers at $63,774 after barely budging over the week. The lackluster price action came alongside a rush of money from the newly approved U.S. spot Bitcoin exchange-traded funds (ETFs).

However, a well-known crypto strategist sees an epic bull plot ahead for Bitcoin.

Why BTC Could Repeat Nov 2020 Price Eruption

Anonymous analyst TechDev took to the X micro-blogging platform to note that BTC’s two-month chart conditions indicate that the crypto market leader is about to go turbo-parabolic.

TechDev forecasts that Bitcoin will surge by more than 110%. This would mark a repeat of the November 2020 price move, when BTC rocketed from roughly $13,000 to around $29,000 within two months.

An accompanying chart highlights Bitcoin’s meteoric rallies in 2013, 2016, and 2020. During these three instances, BTC’s momentum indicator — the relative strength index (RSI) — had a bullish reading of 70.

#Bitcoin's 2M candle is right on the candle body high, soon after max compression.

As RSI is about to break 70.

These have been the conditions which led to the last 3 parabolic accelerations.

I suspect this next 2 month candle will be as tall as Nov 2020's. pic.twitter.com/B7Dnjf8NWl
— TechDev (@TechDev_52) April 27, 2024

TechDev further notes that Bitcoin’s volatility indicator, as indicated by Bollinger Band Width (BBW), bottomed out during the three times. It’s worth noting that an extended period of low volatility usually ushers in a strong directional bias, meaning BTC was gearing up for a big move.

The Only Way For Bitcoin Is Up?

TechDev further suggested that Bitcoin is unlikely to undergo a price collapse.

“Please also point out the ‘pullbacks/crashes/dumps’ many have freaked about over the last eight months.”

While TechDev remains highly optimistic about the possibility of another ballistic Bitcoin rally, fellow cryptocurrency strategist DonAlt is rather cautious.

DonAlt warns that support at the $60,000 level looks weak after getting tested several times.

“Back to the same old level. The more often it’s tested the more likely it is to break. I think even bulls would want to get a washout below it at this point. Complacency until proven otherwise (as in until $68,000 is reclaimed or range is lost and then reclaimed again),” the analyst posited.

For crypto expert Michaël van de Poppe, Bitcoin will likely remain stuck in a range for the next 3-6 months. He, however, expects altcoins to diverge greatly to deliver much-awaited gains for holders.

Holders Diversify In New Option2Trade (O2T) Token For 2000x Gains as ADA Captures Market With 9.39% Uplift,

By

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

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April 28, 2024

Option2Trade (O2T) Announces Stage 5 93% Completed as Crypto Professor Doubts ADA, SOL Utility

The promising outlook for Option2Trade (O2T) and the recent uplift in Cardano’s (ADA) market value illustrate a dynamic shift in the cryptocurrency landscape. As ADA holders begin to diversify into Option2Trade (O2T), the broader implications for growth and innovation in the crypto market remain highly optimistic. Both Cardano (ADA) and Option2Trade (O2T) are setting the stage for what could be a transformative period in digital assets.

Exploring the Surge in Cardano’s (ADA) Value

The surge in Cardano’s (ADA) value can be attributed to several key factors. Recent upgrades to enhance scalability and security have made Cardano (ADA) a more attractive option for developers. Additionally, Cardano’s (ADA) increasing adoption in real-world applications has boosted confidence, contributing to its market uplift.

Why Cardano Holders Are Turning to Option2Trade (O2T)

As Cardano (ADA) holders reap the benefits of their assets, many want to diversify their portfolios with new, high-potential tokens. Enter Option2Trade (O2T), a token rapidly gaining attention for its promise of delivering 2000x gains. The move towards Option2Trade (O2T) is driven by its innovative use of artificial intelligence in trading, which presents a novel opportunity for high returns.

The Allure of Option2Trade (O2T)

Option2Trade (O2T) distinguishes itself with a platform that leverages AI to enhance trading efficiency and accuracy. This technological edge, combined with a robust strategic roadmap, has positioned Option2Trade (O2T) as an attractive asset for those seeking to diversify their crypto holdings. Users are particularly drawn to the potential of Option2Trade (O2T) to revolutionize asset trading, setting it apart from traditional offerings in the market.

Potential of O2T to Fulfill Its 2000x Promise

The potential for Option2Trade (O2T) to achieve a 2000x return hinges on several factors. These include the continued development of its AI technology, adoption rate among traders, and overall market conditions. If Option2Trade (O2T) can successfully execute its vision and maintain technological superiority, it stands a good chance of reaching, if not exceeding, its ambitious goals.

Strategic Diversification for Cardano (ADA) Holders

For Cardano (ADA) holders, infusing in Option2Trade (O2T) represents a strategic diversification of their portfolio. By allocating resources to Option2Trade (O2T), Cardano (ADA) holders stand to gain from Cardano’s steady growth and position themselves to capitalize on the explosive potential of a rising star in the crypto arena.

Conclusion: A New Horizon

Cardano (ADA) has recently experienced a notable uplift in its market value, surging by 9.39%. This increase is a testament to Cardano’s growing appeal in the cryptocurrency market, driven by its continuous technological advancements and strengthening community trust. As Cardano (ADA) cements its position in the crypto world, its holders are exploring additional avenues to maximize their returns.

For more information on the Option2Trade (O2T) Presale:

Use promo code O2T Launch to get a 15% bonus.

Visit Option2Trade (O2T)

Join and become a community member:

https://t.me/O2TOfficial

^{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.}

BlockDAG’s Potential for a 30,000x ROI Leads the List, Alongside Ethereum, Solana, and More

By

-

April 28, 2024

BlockDAG's Potential for a 30,000x ROI Leads the List, Alongside Ethereum, Solana, and More

As 2024 approaches, the cryptocurrency market brims with potential, showcasing a roster of altcoins set to dominate the landscape. At the forefront is BlockDAG, distinguished not only by its remarkable $21 million presale but also by its unprecedented potential for a 30,000x return. This coin’s innovative features and strategic market positioning elevate it.

Alongside BlockDAG, stalwarts like Ethereum and Solana remain pivotal players, with their robust platforms supporting a wide array of decentralised applications and smart contracts. Other notable mentions on the top list include BNB, each offering unique benefits and solidifying its status in digital currency. This lineup of the top altcoins for 2024 promises diverse opportunities to capitalise on the dynamic shifts within the rapidly evolving crypto sector.

1. BlockDAG: Setting New Standards in Crypto

BlockDAG is revolutionising the cryptocurrency scene in 2024 through its significant fundraising achievements and by launching innovative products such as efficient mining rigs and attractive referral programs. The release of DAGpaper v2 and a notable keynote in Shibuya has propelled BlockDAG into leadership, promising substantial returns.

2. Ethereum: The Cornerstone of Decentralised Applications

Continuing to dominate the market, Ethereum boasts an impressive $389 billion locked in, underpinning numerous decentralised applications and smart contracts. Despite criticisms regarding transaction fees, Ethereum’s pivotal role within the blockchain ecosystem solidifies its status as a fundamental asset.

3. BNB: Broadening Its Utility Beyond Exchanges

Initially a utility token for trading fee discounts on the Binance exchange, BNB expanded into various sectors, including travel bookings and services. This expansion and deep integration within the expansive Binance ecosystem continually attract substantial interest.

4. Solana: A Blend of Speed and Innovation

Recognised for its hybrid consensus mechanism, Solana enhances both the speed and security of transactions, making it an attractive option for those prioritising cutting-edge technology. Despite some concerns about over-centralization, Solana’s technological prowess ensures its competitive edge.

5. Dogecoin: Embracing Its Roots While Eyeing Broader Horizons

Originally a meme-inspired cryptocurrency, Dogecoin has evolved into a significant player in the market, backed by a dedicated community and celebrity endorsements. Despite its volatile nature, Dogecoin remains appealing due to its unique cultural resonance and speculative potential.

6. Avalanche: Emerging as a Strong Competitor to Ethereum

Avalanche distinguishes itself with high transaction output and scalability, quickly becoming a preferred platform for developers seeking alternatives to the crowded Ethereum network, highlighting its growing influence in the development community.

7. Shiba Inu: Gaining Serious Traction in the Market

Shiba Inu has demonstrated that a meme coin can command a significant market presence, supported by influential figures in the industry, thus redefining market expectations for what began as a joke.

8. Bitcoin Cash: Striving for Enhanced Payment Solutions

Bitcoin Cash was created to address some of Bitcoin’s shortcomings, particularly in improving global transaction speeds and scalability. It aims to establish itself as a leading electronic cash system, offering a viable alternative for global payments.

Last Words

In a competitive crypto market teeming with potential, BlockDAG stands out with its innovative approaches and groundbreaking presale success, marked by a remarkable potential for a 30,000x return. With its visionary projects and strong market presence, BlockDAG is positioned to lead a transformative era in cryptocurrency in 2024.

Join BlockDAG Presale Now:

^{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.}

Bonk Raging, Leaps 65% This Week As Mollars Token Presale Reaches 2.5M Tokens Sold

By

Livine Sanchez

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April 28, 2024

Bonk Raging, Leaps 65% This Week As Mollars Token Presale Reaches 2.5M Tokens Sold

Bonk Inu (BONK) token has stunned even the web’s top crypto shows and hosts this week. After the Bitcoin halving, the market remained stable, and traders are witnessing a never-before-seen cycle. Leading the way, however, Bonk Inu is gaining praise from various crypto analysts for a near +66% rally over the week.

Analysts like Stock Up! with Larry Jones have recently celebrated $BONK, citing it as one of the better short-term options on the market. In fact, Jones is so fond of the Bonk Inu token that he’s referring to it as ‘my baby’ in his most recent video on crypto. The analysts were obviously elated over the +98% gains he had from the Inu-themed altcoin earlier in the week.

Bonk Inu & Other Inu Tokens Have Positive ROI Gains

According to CryptoBubbles, the surging meme coin recently surpassed all of its predecessors and is valued at $0.0000254 today.

In comparison, no other Inu token is losing this week, but neither is doing as well as BONK.

Shiba Inu (SHIB) token is priced at $0.00002442 and has only seen gains of +5% this week.

Golden Inu (GOLDEN) has seen gains of +1.9% this weekend, trading nearly sideways for the last 7 days. The “Golden Inuverse” play-to-earn game has been carrying the meme coin on an interesting trajectory for 2024 thus far and is poised to see a bullish cycle soon.

Floki Inu (FLOKI) has done a little better, gaining +15.4 % over the week and currently trading at $0.0001725.

Regardless of which of the main Inus a user was into one week ago, all were winners. The naysayers of these meme coins are living in a psycho-realistic reality at this point. Their short-term gains were bigger than Bitcoin (BTC), regardless of their long-term views.

Now Ethereum Blockchain Has A ‘Bitcoin’ — Mollars Saves Dollars

For those who like store-of-value assets like $BTC, Ethereum blockchain’s new SOV token is nearing the end of its ICO stage. Only a few days are left until closeout. After that, the Mollars token is set to launch on public exchanges and is predicted to sell its total minted supply this year or by early 2024.

Crypto traders have been heavily in the Mollars presale since January of this year [2024]. Crypto sharks and whales have acquired over $1.2 million in tokens, including a few who hunkered down over $10,000 each using the daily cost averaging [DCA] method.

3 factors are driving the surge of interest in Mollars:

Lower trade fees for a store of value assets. Those who have Ethereum (ETH) or ERC-20 tokens can now own low-supply SOV altcoins without crossing blockchains and losing massive amounts on trading fees. Based on the Bitcoin blockchain average in 2023, Mollars are expected to cost around 80% less than buying, selling, or converting into other currencies.
The $MOLLARS token will be scarce. Only 10 million will be minted. In comparison, Bitcoin has 21 million coins in its total token supply. With over 2.5 million tokens sold in presale, the potential value hike seems radical, yet crypto’s history shows it’s easily possible. A rise to a price point of $1000 is easily possible if heavy branding value and equity are formed from Ethereum Bockchain’s estimated 245 million users.
A decentralized cryptocurrency exchange allowing cross-blockchain swaps will be launched via the website Mollars.cc. This exchange will rely on the $MOLLARS token to complete cross-chain swaps, which is likely to happen but has yet to be confirmed. It won’t be confirmed until after the token’s launch, but various decentralized finance blogs and analysts have predicted this.

The official ICO is live via Mollars.com and is slated to end at the beginning of May.

Today, it’s reported that over $1,200,000 has been raised in token presales. Traders waiting for the release have already claimed over 2.6 million $MOLLARS tokens.

Over 100,000 tokens have been pre-sold daily in the last 3 days on average. The latest crypto whale to join the ICO bought slightly over $7,500 worth of Mollars. The purchase [see here] was completed using 2.3 Ethereum (ETH) coins.

It’s expected that sales will continue to surge until the closing of the store-of-value altcoin’s ICO.

^{Disclaimer: The ‘Crypto Cable’ section features insights by 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 their own independent research before taking any actions related to the company, product, or project mentioned in this piece.}

XRP, Ether, Cardano, SOL, Shiba Inu to Activate New Price Explosions as Key Metrics Suggest Crypto Winter is Over

By

Olivia Brooke

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April 27, 2024

XRP, Ether, Cardano, SOL, Shiba Inu to Activate New Price Explosions as Key Metrics Suggest Crypto Winter is Over

The tides are changing for Bitcoin, and the broader cryptocurrency market as new metrics highlight a noteworthy shift in market movement. According to observations by Chainalysis, a leading blockchain intelligence firm, the cryptocurrency winter might have ended.

A key point validating this outlook is the increased transfer activity recorded during the recent market surge. A new milestone was attained as transfer activities surpassed the highs of late 2020 and 2021. The new development is especially bullish, as Chainalysis revealed that it points to a significantly more active market than the previous bull run.

The bears mention that back in 2022, the cryptocurrency global scrutiny as major crypto entities collapsed, forcing the broader finance market to amplify its criticism of the crypto market. The overall market value was mainly affected by this collapse. Most notably, the apex cryptocurrency, Bitcoin, took a downturn, and alternative tokens followed suit.

Despite these hindrances, Chainalysis asserts that the shakeout was essential for a much-needed change in the market.

“Though devastating, these shakeouts sparked a fresh focus on risk, transparency, and foundational structures, setting the stage for innovations better aligned with security, decentralization, and protection of participants.” — Chainalysis.

Stablecoins and DeFi played a massive role in reviving the market

Stablecoins and DEFi have contributed to the cryptocurrency market’s recovery on a global scale. While stablecoins offer users a gateway to USD and allow unlocking newer structures aiding financial inclusion, emerging DeFi protocols explore interesting new use cases, such as RWAs and DePIN. Both markets have played a role in boosting the adoption of Ether, XRP, Solana, Cardano, and Shiba Inu.

Institutional engagement is another metric that has strengthened the firm’s recent analysis. Institutional engagement is skyrocketing with the recent approval of spot Bitcoin ETFs and the increase in the number of firms holding cryptocurrencies on their balance sheets.

Conclusively, Chainalysis observed that BTC ETF inflows are outpacing “that of the first gold ETF (inflation-adjusted) from its 2005 launch.” BlackRock CEO Larry Fink remarked that the BTC ETF is the fastest-growing ETF in the history of ETFs.

Conclusively, this is an old change in the cryptocurrency market that marks the integration of Blockchain into the broader financial landscape.

As Chainalysis wrote,

“The shift from winter to spring is not just a revival of fortunes, but a major step towards a future where blockchain underpins the financial and operational landscape of the world. Orgs are not just adapting, they’re actively driving it.”

BlockDAG Surpasses Dogecoin, SHIB, Bonk, and Others with a $21 Million Milestone

By

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April 27, 2024

BlockDAG Aims for $10 Valuation By 2025, Overshadowing Dogecoin and Fantom's Market Achievements

Cryptocurrencies have revolutionized the landscape of finance and technology. Let’s explore the top cryptos for 2024, including BlockDAG, Dogeverse, Slothana, SpongeV2, Smog, Dogecoin, Poodle Inu, Shiba Inu, Golden Inu, and Bonk.

Let’s discuss what distinguishes these cryptocurrencies and why BlockDAG is a technical powerhouse. Its DAG architecture, combined with robust algorithms, has allowed it to raise $21 million in presale and potentially yield a 30,000x return. The engaging teaser at the recent conference has heightened interest in BlockDAG.

1. BlockDAG: Uniting Speed with Scalability for a 30,000x ROI

BlockDAG stands out with its blend of blockchain reliability and DAG technology agility. It solves the blockchain trilemma — security, scalability, and decentralization — with advanced GHOSTDAG algorithms and a hybrid consensus model, leading to an impressive 30,000x ROI potential.

This platform supports 10,000 to 15,000 transactions per second at reduced costs, contributing to its substantial $21 million in presale by batch 10. Additionally, its recent unveiling at the Las Vegas Sphere and the compelling teaser have broadened its appeal globally.

2. Dogeverse: A Multi-Chain Meme Coin

Dogeverse, a dog-themed meme coin, works across multiple chains, including Ethereum, Binance, Polygon, Solana, Avalanche, and Base, offering varied access for meme coin enthusiasts.

3. Slothana: Simplified Crypto

Slothana, a newcomer in the Solana-based meme coin market, simplifies crypto by enabling direct $SOL transfers into its wallet for $SLOTH airdrops, avoiding complicated pricing tiers or wait times.

4. Sponge V2: The Upcoming Meme Coin Phenomenon

$SPONGE, celebrated as a leading meme coin in 2023, introduces a stake-to-bridge mechanism in Sponge V2, setting it up to become the next big meme coin.

5. Smog: A Fresh Meme Coin on Solana

Smog debuted directly on Jupiter’s decentralized exchange in February 2024. Its creators believe that $SMOG could become the largest coin on the Solana network, marking it as a significant choice.

6. Dogecoin: A Meme Coin Success

Initially created in 2013 as a humorous take on cryptocurrency frenzy, Dogecoin, which features Kabosu the Shiba Inu, saw a surge in popularity by 2020, fueled by a vibrant Reddit community, evolving into a major cryptocurrency.

7. Poodle Inu: Following the Dog-Themed Coin Craze

$POODL, aligning with the trend of dog-themed tokens, is available for immediate purchase and staking, with the recommendation to act early as rewards diminish with increased buying.

8. Shiba Inu: A Market Leader in Meme Coins

Introduced in 2020 on the Ethereum network, Shiba Inu builds on Dogecoin’s success by adding smart contract functionality, becoming a favored asset, especially noted for its integration with DeFi and various trading platforms.

9. Golden Inu: More than a Meme Coin with Web3 Innovations

Golden Inu ($GOLDEN) sets itself apart in the meme coin arena with unique Web3 and decentralized features. Its “Golden Universe” allows for earnings through gaming, while “Golden Quest” serves as a job platform for community members to monetize their skills.

10. Bonk: Celebratory Launch on Solana

Bonk, themed after Shiba Inu, made its entrance with a major Christmas airdrop on December 25, 2022, aligning with Solana’s resurgence in 2023, leveraging the blockchain’s recovery strategically.

Why BlockDAG Leads the Pack?

When compared to other top cryptos of 2024, BlockDAG stands out due to its advanced technology that enhances both speed and security, leading to lower transaction costs and raising an impressive $21 million in presale.

The captivating teaser at the recent event further solidifies its potential for a 30,000x ROI. With the BDAG price reaching $0.006 in batch 10, BlockDAG is emerging as the leading crypto in 2024.

Join BlockDAG Presale Now:

^{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.}

Goodbye Ethereum Spot ETFs — US SEC Angling To Reject Offering With Approvals Touted For 2025

By

Aliyu Pokima

-

April 27, 2024

As The First U.S Bitcoin ETF Debuts, Grayscale CEO Sees An Ethereum ETF Rolling Out

The US Securities and Exchange Commission (SEC) appears set to reject applications for spot ether exchange-traded funds (ETF), with recent in-house meetings painting a bleak future for the proposed offering.

According to a Reuters report, the SEC will most likely withhold its approval for spot ETFs linked to the second-largest cryptocurrency. The regulator is set to decide on a raft of applications. The securities watchdog is expected to give its decision on applications issued by VanEck and Ark at the tail end of May.

Per the report, four unnamed SEC officials disclosed that preliminary discussions between the regulator and issuers have not broached “substantive details” over the internal workings of the ETFs. Described as “one-sided” the conversations are yet to cover the finer details of the proposal with issuers arguing that the market is ripe for a spot ETF.

The issuers hinge their arguments on the relative success of ether futures-based ETFs approved in 2023 but sources say the SEC failed to ask any probing questions or reel out specific concerns.

The SEC’s laid-back approach contrasts with its active stance in the months leading up to the approval of spot bitcoin ETFs. Since the approval of ETFs for bitcoin in January, market participants have touted Ethereum as next in line, but sceptics are planting their heels for a long, drawn-out battle with Gensler’s SEC.

“It seems more likely that approval will be delayed until later in 2024 or longer,” remarked Todd Rosenbluth, an executive at analytics firm Vettafi. “The regulatory picture still seems cloudy.”

Since the start of April, enthusiasm among issuers has waned, with VanEck CEO Jan van Eck predicting that his firm’s application may be “rejected” by the SEC. On the flip side, other issuers remain optimistic about forcing the hand of the Commission via fresh paperwork designed to address any lingering concerns.

Outside of VanEck and Ark, the SEC still has to entertain applications from seven other issuers, including 21Shares, Fidelity, BlackRock, and Grayscale.

Potential reason for a denial

In the event of a denial, the SEC could argue that it has insufficient time to gauge market surveillance mechanisms before rolling out spot ETFs for ether. Experts say the regulator may be keen on demanding more time to glean more information on statistical data for the products.

“I think that would be the mechanical reason why it would get pushed out is they just want to see more data,” said Matt Hougan, Chief Investment Officer at Bitwise Asset Management.

However, there are fears that an issuer could drag the SEC to court like Grayscale in the build-up to bitcoin spot ETFs.

3 Altcoins That Could Undergo an Incredible Bitcoin-Like Bull Run In 2024

By

Olivia Brooke

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April 27, 2024

These Two Altcoins Are Taking The Crypto Market By Storm

The new quarter has started with a collective altcoin recuperation as Bitcoin strives to stay above $60k. For several reasons, SOL, AVAX, and DOGE have emerged as the most promising altcoins.

SOL is technically and fundamentally primed for a rally

While the Solana network has been experiencing network congestion due to the extreme load-included RPC network problems, the asset remains an attractive altcoin at this time.

Fundamentally, SOL could benefit from the recent judicial ruling for Cryptocurrencies. One analyst explains why the asset is poised to soar to new levels.

“Update on SOL: Now that the FTX Group stake is in the hands of Mike Novogratz and Dan Morehead, and the US judicial system has a precedent that crypto is not a security, it will be sent to the moon, where it belongs,” he wrote.

Technical indicators also position SOL as a promising altcoin. Notably, crowd sentiment for SOL has not dropped since the Solana network outage recorded in February.

Crowd sentiment for $SOL hasn't been this low since the #Solana network outage on February 6. Being contrarian now might just pay off! pic.twitter.com/huLZIsafTt
— Ali (@ali_charts) April 6, 2024

At report time, SOL is trading for $140.91, with its monthly gains still intact. The asset could continue to $200 if the current trajectory is maintained.

AVAX bulls prepare for an upward recovery

Avalanche (AVAX) is one of the few altcoins in the stable zone now. However, the altcoin’s price performance can be connected to its recent rebound. Data from CoinMarketCap shows a 3.5% daily price increase in intraday trading, hinting at a decline in selling pressure.

Market players like investors and traders might be on the verge of experiencing a bullish reversal as bulls prepare to reclaim the $40 price point above the 50-day exponential moving average (EMA).

As displayed on the 4-hour chart, the AVAX altcoin has maintained an uptrend; although slow, the gradual build-up of the movement could result in a rally.

It appears that bullish sentiments surrounding AVAX are progressively turning positive, as the chart depicts an increase in buying pressure.

At report time, AVAX is hovering at the $34.52 price level as bulls attempt to clear off mild weekly losses.

DOGE outperforms Bitcoin and other leading altcoins

Dogecoin (DOGE), one of the best-performing altcoins on the list, has also emerged as a top gainer in the top 10.

Validating its position as the most valued meme coin, DOGE is outperforming its long-standing competitor, Shiba Inu (SHIB).

Trading at $0.14, slightly below its daily all-time high, DOGE is slowly eliminating weekly losses, as trading volume has risen above 8% within 24 hours.

Bitget’s New ‘Trade to Mine’ Promotion Lets Traders Keep All Trading Fees

By

PR DESK

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April 27, 2024

Bitget's New 'Trade to Mine' Promotion Lets Traders Keep All Trading Fees

Bitget, a leading cryptocurrency exchange and Web3 platform has unveiled its latest promotion, “Trade to Mine.” This innovative campaign rewards traders with Bitget’s native token, BGB, for trading BTC/USDT and ETH/USDT pairs on the platform’s spot market.

Starting on April 28th and running until May 20th, 2024, Bitget will distribute a portion of the daily transaction fees generated from BTC/USDT and ETH/USDT trades to participants in the form of BGB tokens. The reward pool will directly correlate with the total fees collected from eligible trades, ensuring a fair distribution among participants.

To encourage new user participation, API transactions, sub-accounts, institutional users, and market maker accounts will be excluded from the promotion. Rewards will be calculated based on the previous day’s trading volume data and updated daily at 8:30 pm UTC.

Traders can earn up to 500 BGB daily by participating in the “Trade to Mine” campaign. Unclaimed rewards will be automatically distributed to users’ spot accounts within three days after the event concludes.

This initiative builds on Bitget’s commitment to giving back to its community. Previously, the exchange introduced zero-fee trading on BTC and ETH transactions during significant events like Bitcoin’s halving and Ethereum’s Dencun upgrade. By eliminating trading costs, Bitget aims to make cryptocurrency trading more accessible and attractive to seasoned and new traders.

For more information on participating in the “Trade to Mine” promotion, users can visit Bitget’s website.

BlockDAG Excels With $1 A Day Proposition With X1 Mobile Mining App, Surpassing ETH & TRON’s Market Enthusiasm

By

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April 27, 2024

Amidst the fluctuating prices of TRON and the unpredictability surrounding Ethereum, BlockDAG emerges as a standout asset with its X1 mobile mining app, capable of mining up to 20 BDAG coins without overspending a phone battery. This innovative tool enables efficient mining of BDAG coins directly from smartphones, offering a groundbreaking solution in the crypto landscape. The anticipation around BlockDAG has intensified following a teaser for an upcoming keynote video from the moon, positioning it as a dominant force in the cryptocurrency market.

TRON (TRX) Demonstrates Market Resilience

TRON’s value has demonstrated resilience, maintaining levels above $0.10 despite recent market volatility. After a brief dip, TRON rebounded, stabilizing between $0.108 and $0.116, and is now targeting higher resistance levels. This upward trajectory indicates a potential rise to $0.144, with aspirations to breach even higher marks, underlining its attractiveness.

Ethereum Faces Ongoing Volatility

Ethereum continues to experience significant volatility, influenced by large-scale holders. Despite these fluctuations, Ethereum retains a bullish long-term outlook from many analysts. The market’s dynamic nature suggests uncertainty, yet Ethereum’s foundational strength and adoption continue to drive interest, maintaining its position as a leading cryptocurrency.

BlockDAG’s X1 Mobile Mining App: A New Era in Cryptocurrency Mining

BlockDAG is revolutionizing cryptocurrency mining with its X1 mobile mining app, allowing users to mine up to 20 BDAG coins daily using their smartphones. This app simplifies the mining process and operates efficiently, preserving battery life, unlike traditional mining methods. The app integrates effortlessly into daily digital routines, enabling users to mine without disrupting their regular smartphone use.

The BlockDAG ecosystem benefits significantly from the X1 app, enhancing user engagement through features like a daily ‘lightning button’ to boost mining rates and a community-focused ranking system. This approach lowers barriers to entry, making it accessible for both crypto enthusiasts and casual users alike. With over 4920 miners sold and over $2.2 million raised from these sales, BlockDAG’s impact on the crypto market is undeniable. On the other hand, the network’s presale is up and running, having amassed $21 million so far, selling over 8 billion BDAG coins a day.

Final Overview: BlockDAG as the Premier Crypto of 2024

BlockDAG distinguishes itself with its user-friendly mobile mining application and substantial potential. The X1 app challenges conventional mining practices, offering an efficient and profitable alternative for daily users. With TRON and Ethereum navigating their own market challenges, BlockDAG’s stable and innovative platform presents a compelling opportunity.

Excitement within the BlockDAG community is palpable as the team prepares for a groundbreaking moon-based keynote, promising significant developments and aiming for a price target of $0.05 per BDAG. This forward-thinking strategy not only enhances BlockDAG’s market presence but also solidifies its position as a leading choice in the rapidly evolving cryptocurrency sector.

Join BlockDAG Presale Now: