The Web3 narrative is what sustains the cryptocurrency world. The fact that this realm has the power to influence and encapsulate the world via budding decentralized techniques is what makes the realm of cryptocurrency special from all sides. The space harbors investors of all kinds. Certain investors simply want to bask in the profitability that the sector offers in the long run.

However, certain investors and enthusiasts are keen to explore the developed side of the world and are here to know more about its power.

To keep the passion of such investors alive, here are the top three tokens one must stash if they truly honor the legacy of decentralized elements and ecosystems.

Also Read: 3 Reasons Why Cardano (ADA) Is Bound For A Future Breakthrough

Shiba Inu is unique in many ways. For instance, the token is dubbed the original, or OG crypto meme token, to have ruled the space. SHIB was one of the first coins to initiate and popularize the wave of meme coin mania, a phenomenon that changed the way monetization and profitability work.

Per Coinpedia, Shiba Inu is poised for a spike this year, surging as high as $0.00006697 in the process.

If the price can continue to rise above $0.00003682, it could reach the target of $0.00006697 in 2024. Yet, if the SHIB price reverses, it could undoubtedly drop to $0.000010. Overall, the outlook for SHIB is positive, although there is still some risk of a decline.

A power-packed crypto coin packed with the essence of web3 decentralization, Ethereum is a blockbuster of a token when it comes to hoarding it as a web3 fanatic.

The blockchain offers elements such as EVM to develop versatile apps, and robust Turing-based smart contracts to encourage wider adoption and development of DeFi, the elements that truly represent the real face of a decentralized framework.

With Ethereum ETFs in the mix, the token is poised for a spectacular price hike shortly.

According to Coinpedia, ETH could gain up to $10,000 by the end of 2024, helping its fans double their money in no time.

Also Read: Pepe Price Prediction: How High Can It Surge This Week?

Blazing past the overhead resistance, the ETH price pushes beyond the $4000 barrier. Moreover, the breakout rally signals a longer uptrend and avoids a death cross in the weekly chart. If the buyers cross the Ethereum market value above $5000, the bull run continuation can exponentially increase in 2024. With potential Spot ETF approvals and the Bitcoin Halving effect on altcoins, the price of ETH can reach $10,000.

With Cardanos modest price upticks this season, the currency has a long road to cover to gain its lost track. But despite encountering several price hurdles in its wake, the ADA ecosystem has emerged stronger than ever.

Cardano is built on a peer-reviewed scientific philosophy that gives ADA sound factual backing. At the same time, the ADA ecosystem pioneers a layered architecture in its chain, with CSL and CCL chains running in full mode.

Per Coinpedia, Cardanos new price goal by the end of 2024 is to touch the $2 mark.

The Cardano coin price brings a buying opportunity as it may soon cross $1 and reach the $1.5 mark. Therefore, with a bull run in 2024, Cardano prices may create a new swing high of $2.02. With an average of $1.695, the ADA prices could settle down to $1.37 by the end of 2024 due to exhaustion.

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Cryptocurrency: 3 Coins To Buy If You're A Die Hard Web3 Fan - Watcher Guru

The Department of Justice is advancing a case alleging that two men in Estonia cheated investors in a byzantine cryptocurrency mining operation that generated $575 million, authorities said.

Sergei Potapenko and Ivan Turgin, both 39, were arrested in Tallinn, Estonia, and charged on an 18-count indictment filed in the Western District of Washington, DOJ said in a statement today. According to the indictment, the duo claimed to offer virtual currency mining rights to customers for a fee, but in reality they were relying on sham invoices, fabricated documents, and a crypto mining capacity of less than 1% of what they told customers. Potapenko and Turgin, and others who were unnamed in the indictment, spent the money people paid them on real estate properties in Estonia, luxury cars, and lavish gifts, authorities said.

The size and scope of the alleged scheme is truly astounding. These defendants capitalized on both the allure of cryptocurrency, and the mystery surrounding cryptocurrency mining, to commit an enormous Ponzi scheme, said U.S. Attorney Nick Brown of the Western District of Washington in a statement. They lured investors with false representations and then paid early investors off with money from those who invested later. They tried to hide their ill-gotten gain in Estonian properties, luxury cars, and bank accounts and virtual currency wallets around the world. U.S. and Estonian authorities are working to seize and restrain these assets and take the profit out of these crimes. The FBI is also investigating the fraud and actively seeking victims in the probe.

Starting in 2013, authorities said Potapenko and Turgin relied on a network of shell companies, bank accounts, and virtual asset service providers and wallets to funnel fraudulently obtained funds from victims who thought they were buying mining hardware. According to the U.S. Attorney, the duo claimed that its virtual cryptocurrency mining process, the process of verifying and adding transactions on a blockchain ledger, had significant power and capacity. Currency mining power is measured by hashrate, which indicates the number of calculations the computer can perform per second. In cloud or remote mining, people can rent so-called hashrate from a mining operation and get a portion of the virtual coins mined.

Potapenko and Turgin started a company called HashCoins in Estonia in December 2013 and marketed the firms mining equipment for Bitcoin and other digital assets, the indictment states. In reality, HashCoins didnt manufacture the equipment but was buying, building, and reselling parts manufactured by other companies. By 2014, HashCoins had a flurry of unhappy customers and it struggled to meet requests for refunds and fill new orders, authorities said.

In 2015, HashCoins told some clients that their undelivered currency mining equipment would be operated remotely instead of giving actual machines to customers that they paid for. Under the new deal, customers would get rights under mining contracts that would pay them a percentage of profits from the overall operation, known as HashFlare, authorities allege.

Supposedly, HashFlare allowed customers to buy virtual currency mining capacity that people paid for using credit cards, bank wires, and virtual currency transfers. Potapenko and Turgin told customers they could access their accounts through the HashFlare website, view their balances, and withdraw or reinvest to buy additional hashrate, authorities said. This generated more than $550 million from customers who wanted in on virtual currency mining. In reality, HashFlares mining activity was estimated to be less than 1% of the hashrate it sold to customers for Bitcoin mining and less than 3% of the hashrate sold for mining other coins.

And when people wanted to withdraw their supposed returns on the crypto-mining operations, they were either blocked from withdrawing, or could only take out small amounts, the complaint alleged. Sometimes Potapenko and Turgin bought virtual currency on the open market and paid it to investors. This made it a Ponzi scheme, the DOJ said.

Then in 2017, the two created another company, Polybius, which was supposedly a digital bank.

Polybius raised $25 million in an initial coin offering from outside investors. The bulk of the funds were transferred to accounts Potapenko and Turgin controlled. They never built a digital bank and have never paid dividends to investors, authorities alleged.

The two were arrested in 2022 in Estonia but werent extradited until April 2024, after they appealed the initial decision. The Estonian National Criminal Polices Oskar Gross, head of the Cybercrime Bureau said: The sheer volume of this investigation is described by the fact that this is one of the largest fraud cases weve ever had in Estonia.

Excerpt from:

Two 39-year-old Estonian men are the alleged kingpins behind a massive half billion fraud targeting thousands of U.S. ... - Fortune

Cryptocurrency investors are constantly on the lookout for coins that have the potential to generate substantial returns. With June just around the corner, three coins have emerged as top contenders for achieving 2X profits: Pepe (PEPE), Shiba Inu (SHIB), and Dogecoin (DOGE).

Pepe has experienced an impressive 9% increase in the past 24 hours. The coins 24-hour low and high stand at $0.00001325 and $0.00001503, respectively.

Despite trading 14.06% below its all-time high of $0.00001718, reached on May 27, 2024, just four days ago, Pepes strong community support and viral appeal suggest that it has the potential to double in value in June.

As more investors discover the potential of this frog-inspired meme coin, PEPE could be poised for major price appreciation.

Also read: How High Can Ethereum (ETH) Surge This Weekend?

Shiba Inu (SHIB), often referred to as the Dogecoin Killer, has demonstrated remarkable resilience in the face of market volatility. Currently trading at $0.00002587, SHIB has experienced a slight 0.70% decrease in the past 24 hours. The coins 24-hour low and high are $0.00002565 and $0.0000269, respectively.

Although SHIB is currently trading 70.75% below its all-time high of $0.00008845, reached on October 28, 2021, the coins strong community and ongoing ecosystem development suggest that it has the potential to achieve 2X profits in June.

Also read: Ripple Hits Lowest RSI In History: Can XRP Hit $1 Soon?

Dogecoin (DOGE), the original meme coin that started as a joke but has since gained a massive following, continues to show steady growth. Currently trading at $0.1598, DOGE has experienced a modest 0.85% increase in the past 24 hours. The coins 24-hour low and high stand at $0.1581 and $0.1645, respectively.

Despite trading 78.35% below its all-time high of $0.7376, reached on May 8, 2021, Dogecoins strong brand recognition and increasing acceptance as a means of payment suggest that it has the potential to double in value in June.

Pepe, Shiba Inu, and Dogecoin have emerged as the top cryptocurrencies for achieving 2X profits in June. These meme-inspired coins have demonstrated strong communities, unique branding, and the potential for significant price appreciation.

Read more from the original source:

Cryptocurrency: Top 3 Coins To Buy For 2X Profits In June - Watcher Guru

Investing in cryptocurrency has become more appealing with the recent bull run. The market offers exciting opportunities for those looking to increase wealth. Understanding the key strategies and making informed decisions can pave the way to significant gains. This guide explores the essential steps to potentially reach millionaire status through smart crypto investments. Discover how to navigate this fast-paced environment and make the most of todays crypto trends.

CYBRO is a one-of-a-kind marketplace that amplifies the native yield potential of the Blast blockchain. CYBRO offers early investors to enter the project on favorable terms by joining the CYBRO token presale.

At this stage, CYBRO tokens are available at discounts of over 2 times off their future market price, generating a generous ROI of 140%. The supply of the tokens is limited, and nearly 25M tokens have already been sold out. The earlier you buy, the bigger discount you get. Additionally, those investing a minimum of $1,000 in CYBRO during the presale will unlock weekly ETH rewards, available for withdrawal after the TGE.

Buy $CYBRO at the Best Price NOW to Secure 140% Profits

The CYBRO token will unlock cashback in CYBRO, discounted fees for trading and lending operations, staking rewards, an exclusive Airdrop, and the Insurance Program. This solid utility will set a strong base for CYBRO to rise in value post-TGE in Q3 2024.

With CYBRO, you can grow your crypto by investing in various vaults on Blast, the only Layer 2 blockchain to offer default yield for ETH and stablecoins staking. CYBROs ultimate goal is to provide users with the highest returns possible for each strategy, while ensuring a simple and transparent interface.

Secure Your Place in CYBRO at 58% Discount Today! Offer is Limited!

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The current market sentiment for Mantle (MNT) appears cautiously optimistic. With prices holding close to recent averages and modest increases over the past week and month, traders seem encouraged. Resistance and support levels show cautious but measurable range movement. These dynamics could foster the coins appeal, drawing new investors and potentially stabilizing its position in the market. Overall, simple metrics suggest a foundation for gradual but steady growth.

The 1inch Network displays mixed market trends despite recent positive price changes. The current price hovers above a key support level but sits below major resistance points. Key indicators show bearish conditions, yet recent gains suggest a potential shift. This tug-of-war could see 1INCH either break resistance for further growth or dip back to lower levels. Given its role in aggregating decentralized exchanges, any strong market move could amplify its utility and adoption.

Altlayer (ALT) is currently in a stable phase. Prices hover within a specific range. Indicators show that buyers and sellers are fairly balanced. However, the coins recent and massive six-month rise suggests keen interest. Over shorter periods, the gains are minor or slightly negative. This indicates a mild cooling period. Given Altlayers technology and market interest, any positive developments could lead to further gains, though some may also expect a short-term correction.

Ondo is experiencing a robust upward trend, with substantial gains over the short and medium term. Indicators like RSI and Stochastic suggest buying pressure, while the Moving Averages show slight consolidation. Immediate targets are reachable but may face minor corrections. This positive sentiment generally fuels investor confidence, potentially driving more market participants to buy or hold ONDO. With its current rapid price changes, Ondo remains an attractive option for traders looking for substantial returns.

While MNT, 1INCH, ALT, and ONDO show potential, their short-term gains might be limited. The focus should be on CYBRO. It leverages the unique yield potential of the Blast blockchain. The first release is planned for Q2 2024. CYBRO offers early investors an opportunity to join on favorable terms through its token presale.

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The Path To Becoming A Millionaire With Cryptocurrency - The Crypto Basic

U.Today - Prominent advocate and the co-founder of the MicroStrategy business intelligence giant Michael Saylor has published a tweet about Bitcoin as if to show confidence in the largest cryptocurrency by market capitalization value as it has suddenly lost the $68,000 price level overnight.

Saylors tweet contains an AI-generated image with an image of a physical Bitcoin and bees, stating: Bitcoin is a Swarm of Cyber Hornets.

Certain macroeconomic factors have influenced this sudden Bitcoin price decline. The personal consumption expenditures (PCE) price index faced a small rise of 0.25% in April, after a 12 month change of 2.75% that proved to be a three-year low for this metric.

Even though this was in line with analysts expectations, Bitcoin still went down by 2.14% in three consecutive red candles, from $68,608 to the $67,712 level. Today, a small rebound took place, pushing the largest crypto up slightly.

As reported by U.Today, major Japan-based cryptocurrency exchange DMM Bitcoin has faced a massive hack with more than $300 million worth of crypto taken away by anonymous hackers 4,502 BTC.

According to data provided by Chainalysis, this was the largest hack of a crypto trading platform since 2022 and the seventh biggest one in history of the crypto industry.

This article was originally published on U.Today

Original post:

Michael Saylor Breaks Silence on Bitcoin Dropping Below $68,000 By U.Today - Investing.com

The cryptocurrency market has a meme coin segment that defies logic and a traditional investment approach. A meme coin named Turbo has been trading in the cryptocurrency market for over a year and was created using OpenAIs chatbot ChatGPT.

The meme coin Turbo was first launched a year ago in May 2023 and traded at $0.00031005. However, the cryptocurrency scaled up nearly 600% by the end of the year but began trading sideways in 2024.

Also Read: 10 U.S. Sectors To Be Affected if ASEAN Ditches the Dollar

Nonetheless, in the last 30 days alone, the Turbo meme coin skyrocketed nearly 1,400% and turned heavily bullish. Since a year, the Turbo cryptocurrency created with ChatGPT has surged a whopping 2,232% in value. The meme coin is among the top-performing cryptocurrencies this year that generated stellar returns for investors.

Also Read: Indias Stock Market Could Crash 20% if Modi Loses Elections

Therefore, an investment of $10,000 last year in the meme coin Turbo would have turned into $233,200 today. This shows that the meme coin segment in the cryptocurrency market is not bound to any financial rules. Meme coins chart their own course and the lucky and daring ones get the opportunity to make returns that even the stock market cant deliver in a short period.

Turbos price is currently hovering around the $0.007 range on Wednesday and is facing correction in the charts. Investors are now indulging in profit bookings and the sell-off made the cryptocurrencys price dip this week. However, meme coins are highly speculative assets, and its difficult to point its next direction in the charts.

Also Read: U.S. Dollar Is the Least Worst Fiat Currency: Strategist

It is advised to do thorough research before taking an entry position into the Turbo meme coin this month. The cryptocurrency market is known for its volatility and swings both ways making it difficult to digest the losses. In conclusion, while the Turbo meme coin soared 2,200%, there is no guarantee that it could repeat the feat.

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Cryptocurrency: Meme Coin Created With ChatGPT Rises 2,000% - Watcher Guru

Fallen cryptocurrency lenderGeminiis reportedly set to begin returning billions in frozen customer funds.

The firm, owned by billionaire twin brothers Cameron and Tyler Winklevoss, announced Wednesday that it willreturn $2.18 billionof its digital assets to customers of the Earn program, CNBC reported, citing an email to customers.

Today, we are pleased to let you know that initial Earn distributions approximately 97% of the digital assets owed to you by Genesis as of the suspension date (November 16, 2022) are now available in your Gemini account, the email reads.

This follows our previous announcement that we reached a settlement with Genesis and other creditors in the Genesis Bankruptcy, which will result in all Earn users receiving 100% of their digital assets back in kind.

The message adds: This means that if you lent one bitcoin in the Earn program, you will receive one bitcoin back. And it means that you will receive any and all increase in the value of your assets since you lent them into the Earn program.

According to CNBC, the $2.18 figure represents a 232% recovery for users since the company suspended withdrawals for customers of its Earn program 18 months ago.

Introduced in 2021, Earn allows customers to enjoy yields on their cryptocurrencies by storing them with Gemini, which then lends that crypto to institutional borrowers through lending partner Genesis Global Capital.

Genesis paused newloan originations and redemptionsin November 2022, which forced Gemini to halt withdrawals from its Earn program. Genesis filed for bankruptcy protection last year, with the state of New York recently announcing a$2 billion settlementwith Genesis to repay defrauded investors.

The news comes as the crypto sector is at something of acrossroads, as PYMNTS wrote earlier this month upon the occasion of two news events: the jailing of one-time crypto wunderkind Sam Bankman-Fried, and the passage of theFinancial Innovation and Technology for the 21st Century(FIT21) Act, the first step in establishing a comprehensive crypto framework.

The bill, which faces an uncertain future in the Senate, establishes a process to permit the secondary market trading of digital commodities if they were initially offered as part of an investment contract.

In addition, it imposes comprehensive customer disclosure, asset safeguarding, and operational requirements on all entities required to be registered with the CFTC and/or the SEC.

Still, as PYMNTS CEO Karen Webster wrote years ago, bitcoin was an interesting, even fascinating, innovation, butnot the salvationof our global financial system not even close.

With political momentum seemingly behind the industry, now will be the time for the crypto sector to prove its worth or risk revealing to the world that this whole time the emperor truly had no clothes, PYMNTs wrote.

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Gemini Returning $2.1 Billion to Crypto Customers - PYMNTS.com

The newly opened door to ether ETFs is part of a larger story that dominated cryptocurrency markets last week: the industry's political tides appear to be shifting in its favor. Thursday night's approval by the Securities and Exchange Commission of a rule change that would pave the way for the creation of ether ETFs caught most market watchers off guard. Expectations of an approval were low as the week began, but flipped completely and suddenly last Monday sending ether up 20% . The SEC decision followed a vote in the House of Representatives on May 8 to overturn a controversial SEC accounting policy, known as SAB 121, that forces banks to treat digital assets on their books as liabilities. The White House said the same day that President Biden would veto the bill and, in any case, the Senate rejected the proposal on May 16. Meanwhile, on May 9, former President Donald Trump said he would soon begin accepting campaign donations in crypto. "While the news of the ether ETF is undoubtedly positive, the real excitement lies in the underlying reason for the SEC's sudden change," said RachelLin, CEO and co-founder ofthe decentralized derivatives trading platform SynFutures. "Until recently, the SEC and a faction of the U.S. administration had seemingly pursued an anti-crypto policy to stifle the sector. However, there seems to be a growing political realization within the administration that cryptocurrency is a matter that could sway the election." Landmark victory Then last week, one day before the SEC approved the rule change to allow ether ETFs, the House passed a crypto infrastructure bill called FIT 21 (the Financial Innovation and Technology for the21stCentury Act ), which would specify when crypto falls under the purview of the SEC versus the Commodity Futures Trading Commission. Many are hailing FIT 21 as a landmark victory for the industry. "There's a sea change going on in politics right now," Oppenheimer senior analyst Owen Lau told CNBC. "People are starting to realize that being anti-crypto is a bad politics." The Beltway consensus is that FIT 21 is unlikely to come up for a Senate vote, but Lau said its passage in the House lays the groundwork for the next Congress that will be seated next January. "We are getting closer to regulatory clarity," he added. "The problem with the status quo is there are no rules." As a result, "there's a lot of unpredictability in this space that can push capital, talent and projects out of this country." Alex Thorn, head of research at Galaxy Digital, noted that there isn't much time in the legislative calendar for the passage of industry-friendly bills, with the summer recess looming and a Presidential election in the fall. Still, he didn't completely write off the Senate picking up existing efforts, such as the Lummis-Gillibrand Responsible Financial Innovation Act , co-sponsored by Democratic Senator Kirsten Gillibrand (N.Y.) and Republican Senator Cynthia Lummis(WY) , aimed at creating a comprehensive regulatory framework for crypto assets. "I'd be surprised if FIT 21 or something like it actually becomes law this year," said Thorn. "The politics of this are what is most interesting. It does portend a sweeping change in [the] Democratic leadership approach to this industry, and that can only help crypto."

Originally posted here:

SEC embrace of ether ETFs highlights cryptocurrency's shifting political fortunes - CNBC

Hong Kong police have arrested three workers at a currency exchange shop after a customer was allegedly shown stacks of hell money before transferring about HK$1 million worth of cryptocurrency.

The forces technology crime division on Wednesday arrested three men, aged between 31 and 34, on suspicion of obtaining property by deception and confiscated 3,000 hell banknotes, a safe and a note counting machine at a shop in Tsim Sha Tsui.

Hell banknotes are a form of ceremonial paper money that is burned as an offering to ancestors or deities in traditional Chinese culture.

Police said they received a report from a man, 35, on April 12, claiming he had been unable to retrieve cash after selling about HK$1 million worth of the digital currency Tether, or USDT, at a shop in Tsim Sha Tsui that day.

An investigation subsequently found that the suspects allegedly showed the victim stacks of hell banknotes with a face value of HK$500 and persuaded him to transfer about HK$1 million worth of USDT to a cryptocurrency wallet provided by them.

After receiving the virtual currency, the suspects made multiple excuses, declined to hand over cash as agreed and abruptly left the scene.

A person convicted of fraud under Hong Kong law is liable to up to 14 years imprisonment, while someone charged with obtaining property by deception faces up to 10 years behind bars.

The force urged residents to choose reputable cryptocurrency exchange shops when conducting transactions and to carefully inspect banknotes for security features.

Link:

Crypto customer scammed in alleged HK$1 million hell money scheme in Hong Kong - South China Morning Post

A quant has explained how there appears to be a relationship between Coinbases spot volume dominance vs. Binances and the Bitcoin price.

Bitcoin Has Been Reacting To Binance/Coinbase Volume Changes

In a CryptoQuant Quicktake post, an analyst discussed the dynamics in the cryptocurrency market that arise out of the battle happening between Binance and Coinbase for spot volume dominance.

The quant shared a chart below that shows how this war for dominance has played out over the past decade.

As the graph shows, Binance has been the much more dominant of the two platforms when considering the spot volume. The exchange is hosting five times as much volume as Coinbase.

The analyst notes that the difference between the two would be even higher when considering the BTC-FDUSD pair, which isnt included in the data depicted in the above chart.

Despite the much lower spot volume, Coinbase still hasnt been irrelevant in the market. For example, the platform is the custodian for Bitcoin spot exchange-traded funds (ETFs) like BlackRocks IBIT and Grayscales GBTC.

There also appears to be an interesting pattern between the dominance of the American exchange and the Bitcoin spot price. The quant has highlighted this trend in the graph.

There have been a few instances where a rise in the spot trading volume of Coinbase against Binance has preceded surges in the value of cryptocurrency. Similarly, declines in the platforms dominance have seemingly led to drawdowns in the Bitcoin price.

The analyst has also discussed the trend in the volumes of the two exchanges more closely, using the spot volume ratio for them, as shown below.

The chart shows that the spot volume ratio between Binance and Coinbase had spiked to very high levels in 2023, with the formers volume being 53 times the latters. The reason behind this was the zero-fee scheme that Binance had introduced for the Bitcoin trading pairs.

However, Coinbases volume has recently risen, although the ratio remains notably in favor of Binance. This shift in the market emerged as the Bitcoin spot ETF-related news started to intensify.

The quant concludes:

The dynamics between these exchanges are complex, but the graphs show that each exchanges dominance at specific times has a direct impact on the price of Bitcoin. Its a true battle between the markets biggest players, where competition is constant, and the outcome is reflected in cryptocurrency movements.

BTC Price

At the time of writing, Bitcoin is trading at around $61,800, down 3% over the past week.

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Bitcoin Price Linked To Binance Vs Coinbase Battle, Quant Reveals - TradingView

The cryptocurrency realm houses diverse memes, coins, and tokens ready to be explored by the masses. Half of such tokens have been launched in Jest, but they have managed to outpace their leading crypto contemporaries. Such tokens have encapsulated the worlds attention with heavy user momentum and flow.

These tokens have been performing exceptionally well recently and are capable of delivering stellar returns to their holders. Here are the three top gainers in the meme token arena that are set to rally 200% in May.

Also Read: Cryptocurrency: 3 Coins That May Spike By 200% This Month

Floki Inu, a leading meme token, has recently rallied to a record high. Per CoinMarketcap, Floki Inu has gained 10% in the last 24 hours, trading at $0.00019 at press time. The portal shares that the token was launched by Shiba Inu and Dogecoin enthusiasts, loosely inspired by the Shiba Inu ecosystem. Since its inception, the token has struck deals with leading crypto giants, including Chainlink, TradedJoe, and ApeSwap.

Per CoinCodex, Floki Inu may continue to gain momentum by riding in the current bull wave. The platform shares that the FLOKI may spike by 230% by the end of May to trade at $0.000642.

According toour current Floki Inu price prediction, the price of Floki Inu is predicted to rise by 232.05% and reach $0.000642 by June 13, 2024. Per our technical indicators, the current sentiment is bullish, while the Fear & Greed Index is showing 66 (greed). Floki Inu recorded 16/30 (53%) green days with 10.29% price volatility over the last 30 days.

Pepe took the cryptocurrency world by storm last night, surging nearly 96%. Based on the viral green frog meme on the internet, Pepe continues to deliver lucrative returns to its holders. The token currently sits at $0.0000104, up 90% in the last month.

Per CoinCodex, Pepe is also set to undergo a massive price surge, helping the token breach new price milestones. The token has already dropped a zero from its price and will continue to ascend to new highs to establish its dominance in the space.

Also Read: BRICS Ditches US Dollar, Settles $4 Billion Trade in Local Currencies.

According toour current Pepe Coin price prediction, the price of Pepe Coin is predicted to rise by 229.55% and reach $0.00003297 by June 13, 2024. Per our technical indicators, the current sentiment is bullish, while the Fear & Greed Index is showing 66 (greed). Pepe Coin recorded 20/30 (67%) green days with 18.34% price volatility over the last 30 days.

A dog-based meme token launched on Solana, DogWifHat, or WIF has come a long way since its launch. The token touched a $3 mark in March, after which it fell to trade around $2.50$2.90 price levels. At press time, the token has reclaimed its $3 mark, showing the world how robust the coin truly is.

Per CoinCodex, DogWifHat may spike nearly 200% to trade at a new all-time high price pedestal of $10.

Also Read: Currency: What To Expect From The US Dollar Today

According toour current Dogwifhat price prediction, the price of Dogwifhat is predicted to rise by 230.04% and reach $10.26 by June 13, 2024. Per our technical indicators, the current sentiment is bearish, while the Fear & Greed Index is showing 66 (greed). Dogwifhat recorded 16/30 (53%) green days with 8.78% price volatility over the last 30 days.

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Cryptocurrency: Top Meme Coin Gainers to Continue Rallying in May - Watcher Guru

As the intersection of digital finance and lifestyle trends continues to grow, the concept of "crypto-fueled vacations" is gaining traction among travelers who prefer to utilize their cryptocurrency holdings for transactions. Here we want to review some of the top travel platforms that accept cryptocurrency, offering insights on how to seamlessly integrate digital currencies into your travel planning.

Founded with a vision to bridge the gap between travel and blockchain technology, Travala stands out as a pioneer in the crypto travel space. This platform allows travelers to book flights, hotels, and experiences using various cryptocurrencies, including Bitcoin, Ethereum, and their native AVA token. What makes Travala particularly appealing is its user-friendly interface and partnerships with major travel service providers, which ensure a wide selection of travel options.

CheapAir was one of the first online travel agencies to accept Bitcoin payments back in 2013. Since then, it has expanded its cryptocurrency acceptance to include Bitcoin Cash, Ethereum, and Litecoin. CheapAir provides a comprehensive booking experience, allowing crypto-savvy travelers to pay for flights, hotels, and car rentals across a global network.

Through a partnership with Travala, Expedia also entered the crypto space, albeit indirectly. Expedia Partner Solutions leverages the Travala platform to provide crypto-payment facilities for booking hotels. This collaboration enables users of Travala to access Expedia's extensive inventory, combining convenience with cutting-edge payment technology.

Destinia is another notable travel booking platform that caters to the cryptocurrency community. It accepts Bitcoin and other digital currencies as payment for a wide range of services, including flights, hotels, and car rentals. Based in Spain, Destinia is known for its innovative approach to travel, offering competitive prices and a flexible payment portal.

Focusing exclusively on cryptocurrency transactions, Bitcoin.travel is a travel agency that allows tourists to book their trips using Bitcoin. The platform is straightforward, providing links directly to the service providers for booking flights, hotels, and car rentals. While it operates on a smaller scale compared to giants like Travala or Expedia, Bitcoin.travel is highly valued within the crypto community for its commitment to blockchain technology.

To make the most of these platforms, travelers need to understand the dynamics of cryptocurrency in the context of travel. The volatility of digital currencies can affect pricing and planning. Therefore, it's advisable to monitor the market and make bookings when the value is stable. Additionally, consider the security aspects of transactions, ensuring that all payments are made through secure, encrypted channels.

For those who need to convert cryptocurrency into fiat or other digital currencies while traveling, platforms like the Ka.App provide a reliable solution. The Ka.App allows users to convert their crypto holdings easily, supporting a range of cryptocurrencies. This can be particularly useful for travelers who might need to switch between different forms of digital currency to use specific travel services that accept only certain types of coins.

When planning a vacation using cryptocurrency, the reliability of the service provider is paramount. Travelers should ensure that the platforms they use not only accept their preferred crypto but also provide secure and transparent transactions. Websites like Trustpilot and similar consumer review platforms can be excellent resources to check the credibility and customer service quality of these travel agencies.

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Top Travel Platforms Accepting Cryptocurrency for Your Crypto-Fueled Vacation - 88355 - Luxury Travel Magazine

Following the fourth Bitcoin (BTC-USD) halving on Apr. 19, we arent seeing the explosive growth promised by many experts in the field, which is why investors are now looking for cryptos to avoid rather than buy.

Experts agree that Bitcoins halving will raise prices. The slower number of new coins entering circulation after previous halvings caused Bitcoin prices to rise significantly higher.

SkyBridge Capital founder Anthony Scaramucci predicts Bitcoin might reach $200,000 within a year following the split. Ark Invests Cathie Wood is even more bullish. She believes Bitcoin may reach $1 million and alter wealth management. So does Jack Dorsey, CEO of Square (NYSE:SQ).

Yet Bitcoin might not be alone. Although it is a store of value, Ethereum (ETH-USD) might rise in value because it boasts upgrades such as Dencun, which introduces proto-danksharding with EIP-4844. According to Ethereum, it is a way for rollups to add cheaper data to blocks.

No such luck when it comes to the cryptos to avoid we will explore. The first name is in a legal battle with a key U.S. regulator, which could affect the sector. The second is the largest exchange but is in legal trouble in many countries. Well conclude with a meme coin to profit from.

Source: Shutterstock

Ripple (XRP-USD) makes it easier to exchange cash and digital currencies. It is targeting a total addressable market projected to grow at 7.3% annually between 2023 and 2032 and eventually reach $356.5 trillion, according to Allied Market Research.

However, despite its potential, a long-burning issue investors need to take into account when dealing with XRP is the case between the Securities and Exchange Commission (SEC) and Ripple Labs.

Last year saw a big development when Judge Analisa Torres ruled that Ripple did not break securities laws when it sold XRP to exchanges and let regular people invest, but did break the law when it sold tokens directly to institutions. As it was a partial win, Ripple gained 96% after the decision. Unfortunately, those wins were lost on Dec. 20 as Solana (SOL-USD) passed XRP to become the fifth-largest cryptocurrency on the crypto market.

Whats more, as a part of the final decision in the SEC case, Ripple can potentially suffer a $1.95 billion fine. That could result in a drop from its current price of $0.5051, which is up a modest 18% in 2024.

Stuart Alderoty, Ripples top legal officer, says the issue could be resolved in 2024, making it one of the cryptos to avoid right now.

Source: Shutterstock

Over 170 million people use Binance (BNB-USD), the biggest cryptocurrency exchange in the world. However, its legal issues, especially in the U.S., put pressure on BNB, the cryptocurrency coin used to trade and pay fees on the exchange.

As part of its deal with the Justice Dept., Binance left the U.S. market and paid off big debts to FinCEN, OFAC, and foreign asset tracking agencies.

So far, Binance is also unable to reenter the U.K. market due to regulatory issues. Meanwhile, a Binance executive arrested in Nigeria is now on trial after reports of involvement in major crimes.

In Canada, Binance has been fined many times for breaking anti-money laundering and Combating the Financing of Terrorism rules. This includes a $4.4 million fine for helping with many big acquisitions without being registered.

However, Binance is still coming up with new ideas in the coin area. Binance Wallet has recently started to accept Bitcoin Atomic ARC-20 assets, which will make it easier to do NFT deals.

Nevertheless, the court battles, especially in the U.S., will continue to dampen BNBs outlook.

Source: Shutterstock

Shiba Inu (SHIB-USD) finishes off our discussion on cryptos to avoid, and it might seem strange, considering, the 166% gain this year. But this is one of the biggest meme coins around, which means its time to take profits.

The meme coin is mostly appealing because of its community and the possibility of future gains. It doesnt have a strong use case or value outside of the speculative market, which sometimes will rally for the odd Elon Musk tweet. For risk-averse investors, its better to invest in Ethereum and Solana instead.

Ethereum has integrated proto-dank sharding with EIP-4844 to Dencun. Less data to analyze and regular memory deletion to clear up space make transactions more efficient. The network should eventually handle 100,000 transactions per second. Meanwhile, the Scourge phase addresses Ethereum network control and economic inequality. MEV (Maximal Extractable Value) Burn in ePBS and Proposer-Builder Separation decentralizes transaction addition and reduces validators influence on transaction selection.

Solana has been enhancing its infrastructure to streamline transactions and stabilize the network. Firedancer, a new validation client, should speed up network transactions. Tests showed it could handle 0.6 million to 1 million transactions per second.

SHIB did power the CoinDesk 20 index to major gains this year. However, investors might want to wait for a tweet from Elon Musk about his next Shiba Inu puppy for the next bump in price, and thats something no one can predict.

On the date of publication, Faizan Farooque did not have (either directly or indirectly) any positions in the securities mentioned in this article.The opinions expressed in this article are those of the writer, subject to the InvestorPlace.comPublishing Guidelines.

Faizan Farooque is a contributing author for InvestorPlace.com and numerous other financial sites. Faizan has several years of experience in analyzing the stock market and was a former data journalist at S&P Global Market Intelligence. His passion is to help the average investor make more informed decisions regarding their portfolio.

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Cryptocurrency Warning: Avoid These 3 Failing Names - InvestorPlace

A bull run is defined as a period where the majority of investors demand outweighs supply, market confidence hits a peak and prices rise. If in a given market you witness prices quickly climbing, it could be a sign that the majority of investors are becoming bullish and are optimistic about the price increasing further and may mean that youre looking at the starting point of a bull market. Bitcoin Halving appears to be fueling the next bull run to happen in 2024.

Investing in the best altcoins can be rewarding as they offer diversification and potentially higher returns. However, it is important to approach the altcoin landscape with caution and do a thorough research. Understanding the development team, technology, community and use case of altcoins are vital factors for making informed decisions.

Additionally, it is essential to be updated on market trends and regulatory changes for navigating the ever-evolving cryptocurrency landscape. By evaluating these key factors, investors can make strategic decisions when considering altcoin investments. Let us see some altcoins to consider buying for the next bull run in 2024.

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Market cap: $352.50 billion

Ethereum is one of the biggest altcoins on the crypto market. Of the almost $2.16 trillion that portrays the total market capitalization of the 20,000-plus crypto assets, more than 17% is held in ETH. It is a distributed computing network where users can use the blockchain to run dApps and host smart contracts.

Ethereum critics point to high fees for running transactions. However, ETH is here to stay with thousands of apps and other altcoins powered by its blockchain.

Market cap: $59.55 billion

Solana gained popularity among crypto investors helped by its lightning-fast transaction speeds along with low fees. It is a blockchain platform that is highly focused on overcoming the challenges of speed and scalability faced by many existing blockchains.

On March 4, 2024, it surged by approximately 7% in 24 hours, surpassing the BNB coin and securing a higher rank among the top five cryptocurrencies. Solana has jumped nearly 16.60% in the last seven days.

On May 2, 2024, it surged by approximately 10.12% in 24 hours, but BNB coin surpassed and secured a higher rank among the top five cryptocurrencies due to Solana being down by 8.85% in the last seven days.

The surge in SOL brought the digital asset to its highest point in two years, reaching levels last observed in April 2022 which was three months after the culmination of the bull cycle in 2021.However, it dropped slightly and landed on the fifth slot, with BNB regaining dominance shortly after on March 4.

Market cap: $0.1294

Dogecoin is a dog-inspired crypto and the original meme token. True to its fame, it has been one of the most highly volatile yet rewarding investments. As of May 2, 2024, DOGE is up by 4.56% in the last 24 hours and is trading at $0.1295.

Over the years, this meme coin has been criticized for offering a small-scale real-world utility, a centralized holder base, and an unlimited supply. However, it is tricky to debate these criticisms; DOGE has gained ground in network usage over the past year, as it has been up by around 65.35%. On top of that, its tough to deny the gigantic community support with the support of industry-notable celebrities such as Elon Musk. I think this crypto is here to stay for a very long time.

Market cap: $8.94 billion

Cosmos (ATOM-USD) is in charge of solving some slow transactions and high-cost problems. It emerged with Tendermint (software) to create an interconnected network of blockchains. ATOMa native token of Cosmos, is a decentralized network that provides developers with open-source tools to create their own interoperable blockchains. Cosmos is working to become the internet for blockchain.

The Cosmos ecosystem permits blockchains to willingly share tokens and data across all the blockchains in the system. One of its essential roles is to secure the Cosmos Hub and regulate the network of the ATOM tokens obtained via a proof-of-stake algorithm.

A recent report by the Cosmos blog focuses on the steadiness of Inter-Blockchain Communication (IBC) volume and close connections that assure high diversity in tokens and, in turn, higher liquidity. The interchain ecosystem is an area where blockchains act as joined blocks that communicate via the IBC protocol, where developers can run their rare chains as different blocks with different practicality.

Market cap: $2.53 billion

Kaspa cryptocurrency was launched in the year 2021 with its implementation of the GHOSTDAG protocol, working on blockDAG for fast confirmation and high block rates. The Kaspa community projects it as a cryptocurrency that unfolds the blockchain trilemma which will stabilize security, speed and scalability. In the year 2023, this project encountered transformational developments including the switch to state-of-the-art ASIC miners.

In addition, Kaspa had planned listings on exchanges and launched ideas like the Kaspium mobile wallet and Wrapped Kaspa. It has very aspiring plans for the time ahead including sophisticated smart contract functionalities, Rusy Kaspa Testnet 11 public and exceeding ten blocks per second.

Market cap: $3.92 billion

Stellar (XL,-USD) is a decentralized, public blockchain that presents developers with tools to create experiences that are more likely cash than crypto. It can be a great altcoin to add to your investment portfolio in this bull run given its accountability for peer-to-peer connecting the worlds financial system.

The biggest aim of Stellar is to make money move easily and fast. The network is cheaper, faster and more energy-efficient than most systems based on blockchain. Lumens behave as mediators for transactions and keep a smooth running system. Its strength is its security. With XLM holders holding the keys, it makes the network more secure for transactions.

Stellar has lately launched some very amazing features such as Soroban and spread Lumens into positive projects through its Community Fund. Additionally, through the compassionate side of the project via Stellar Aid Assist, it has already helped those in need by sending over $2 million to them.

Note: The market capitalization is taken from CoinMarketCap as of May 2, 2024.

Market Demand: Altcoins are initially driven by market demands. Investors are more likely to invest in altcoins that have a higher growth potential. Factors that contribute to the market demand for altcoin are consumer sentiments, market trends and investors confidence.

Regulatory Policy: The regulatory policies that can play a very important role in the development and growth of altcoins. Regulatory bodies or governments can impose restrictions on the usage of cryptocurrency, which definitely affects the demand for it.

Technology: The primary or basic technology behind an altcoin is also a factor that affects its growth and development. Altcoins that have unique features or innovative technology are more likely to gain popularity among others.

Competition: Competition is huge in the world of the cryptocurrency market and it can also affect the growth and development of altcoins. Altcoins offering similar features might struggle to gain market share.

Economic Conditions: It is another factor that can affect the altcoins growth and development. For instance, in times of economic uncertainty, investors are more likely to invest in altcoins as an economic instability or hedge against inflation.

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Support strategies by avoiding decisions made with emotions involved and create an effective investment plan that involves target prices for entry and exit. You must stay abreast of market events and news but also limit your social media consumption which many times encourages greedy behavior. Let us see altcoin investment strategies for the next bull run.

Risk management is the initial step every trader needs to think and learn while strategizing their investment plans, but it is the step that is generally overlooked until its very late. Investors need to manage risk productively by calculating how much is affordable to risk on an all-inclusive investment and then stick to it by using a stop-loss order to limit losses when the market is not in your favor.

As we are aware that the crypto market is highly unpredictable and volatile. It is highly recommended to steer clear of the temptation to spring into buying on the very first sign of a rally with all your savings. Carefully evaluate how much youre willing to invest in other cryptocurrencies like Bitcoin and Ethereum and also in altcoins.

While investing in altcoins, you may benefit by considering industries that have high potential and divide your portfolio between them. For example, 30% to Real World Assets, 20% to AI, 10% to Layer-2s etc. Then consider rupee-cost averaging into your position in order to benefit from any dips.

One of the major errors in investing is not being aware of when to take profits. This is accurate, especially for crypto, where the market is highly volatile and driven by social media, overnight sensations, emotion and greed. As prices increase, set realistic targets for gaining profits and cling to them. A well-disciplined approach to profit targets can protect you from unexpected market downturns.

If you have no clue where you want to exit, then scaling out is the best strategy by using rupee-cost averaging to sell. For example, sell 25% altcoin at price points 1 and 2 each, etc. This will help assure you take profits while still benefiting from further upside.

Many investors look to altcoin for higher risk-reward assets while considering BTC and ETH as blue-chip cryptocurrencies. Given the high risk of altcoins, investors should consider restricting them to a mini portion of their portfolio. The reward opportunity is higher. So, investors still have the potential for fair gains without over-granting and exposing them to excessive downside.

Remember that any gains can be temporary and many altcoins are not fit for long-term buy-and-hold portfolios. The majority of altcoins usually fall out of favor between market cycles and downturns of 95%.

This means its crucial to have a logical exit strategy with your targeted price set before you enter the trade. So, if investors want to consider a portfolio with altcoins then settle it with a mixture of high-cap cryptos and altcoins to ease volatility.

Its a very bad decision to invest based on hype or fear of missing out (FOMO). Cryptocurrency is a unique asset class because every transaction is recorded on a chain for public display. It means you have enough information and tools available to help you make informed decisions, instead of having to shift through the tea leaves like in many other markets.

Below are a few free tools you can use:

Use the above tools to conduct thorough research into a projects fundamentals, market position and team. You can also do this by conducting a strengths, weaknesses, opportunities and threats (SWOT) analysis. Always challenge your thesis and look for reasons why a project will crash, rather than information that confirms your existing bias.

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6 Altcoins To Consider Buying For The Next Bull Run In 2024 - Forbes

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Bitcoin has lost 1.19% in the last 24 hours, trading at $61,897.42. It is down 1.15% from last week. The second most popular token, Ethereum, has dropped 1.21% from yesterday and is trading at $2,906.85. From previous week, it is down 3.92%. The market capitalization of Bitcoin and Ethereum stands at $1,219 billion and $348.73 billion, respectively.

BNB is trading at $570.26, which is 3.46% down from yesterday and a 2.47% fall since last week. XRP's price today is $0.55 after falling down 1.30% in the last 24 hours. Compared to last week, it is 4.08% down. Cardano and Dogecoin are trading at $0.44 (down 2.09%) and $0.11 (down 3.73%), respectively.

Solana, Polka Dot, Shiba Inu, and Polygon are currently trading at $144.15 (down 2.94%), $6.48 (down 2.41%), $0.000022 (down 3.01%), and $0.66 (down 2.1%), respectively. Looking at the weekly chart, Solana has fallen 2.09% while Polka Dot is down 8.09%. Shiba Inu has gained 0.11% of its value in the last seven days whereas Polygon has declined 5.41%.

Looking at the 24 hourly movement, the top five gainers are Lido DAO, TRON, Chiliz, THORChain, and Ethena. They are trading at $1.96 (up 2.30%), $0.11 (up 2.14%), $0.11 (up 1.98%), $5.45 (up 1.75%), and $0.88 (up 1.73%), respectively.

The biggest losers of the day are dogwifhat, Helium, Akash Network, JasmyCoin, and Jupiter. They are trading at $2.91 (down 10.83%), $4.84 (down 9.70%), $4.43 (down 7.99%), $0.011 (down 6.36%), and $1.08 (down 6.20%), respectively.

DeFi, short for decentralized finance, is an umbrella term for global, peer-to-peer financial services on public blockchains. Some of the prominent DeFi tokens are Avalanche, Chainlink, Internet Computer, Dai, and Uniswap. They are trading at $32.18 (down 1.13%), $12.88 (down 4.59%), $11.99 (up 0.51%), $0.99 (up 0.02%), and $6.86 (down 1.82%), respectively.

Non-fungible tokens (NFTs) are cryptocurrencies that do not possess the property of fungibility, meaning they cannot be exchanged for one another like other tokens. Internet Computer, Render, Immutable, Stacks, and Theta Network are some of the popular NFT tokens. They are currently trading at $12.01 (up 0.86%), $10.15 (down 8.74%), $2.03 (down 6.38%), $1.91 (down 5.45%), and $1.94 (down 2.71%), respectively.

The current global crypto market cap is $2.24 trillion, a 2.28% increase over the last day. The total crypto market volume over the last 24 hours is $75.44 billion, which marks a 3.6% increase. Last month, the global crypto market cap was $2.39 trillion, compared to $1.94 trillion three months ago.

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Cryptocurrency prices: Check rates of Bitcoin, Ethereum, Solana, Dogecoin, BNB - NewsBytes

Delving into the mysterious world of Bitcoin, a prominent analyst has illuminated some fascinating trends and potential predictors nestled within the famed cryptocurrencys movement. Most notable among these is the Bitcoin Coinbase Premium, which, according to said analyst, could well hold the golden key to savvy predictions for where Bitcoin is going next.

Lets start at the beginning: what is this Bitcoin Coinbase Premium? Its essentially a gauge, a tracking system that methodically records the price difference of Bitcoin listed on two high-profile cryptocurrency exchanges, namely Coinbase (measured in USD) and Binance (measured in USDT).

By far, one of the most intriguing aspects of this Premium is its ability to show whether Bitcoins price on Coinbase is higher than it is on Binance. A positive figure, or positive premium, indicates that the cryptocurrency is more popular, and thereby sizzling hot property, on Coinbase than it is on Binance. Demand outstrips supply and buying pressure dominates over selling, pushing the price upward. Conversely, a negative figure, or negative premium, suggests that those in the know are selling off their Bitcoin shares on Coinbase, hence driving the price lower.

Its a rich tapestry of intriguing metrics and trends woven into a cryptic, yet compelling, landscape. Where it becomes even more interesting is when we focus on the behaviors of two specific player pools: US-based institutional entities and more globally distributed users. Both prefer different platforms the former favoring Coinbase, and the latter, Binance, making the Premiums ebb and flow an insightful barometer into their buying and selling tendencies.

The analysts careful exploration into the Bitcoin Coinbase Premium over the past two years paints an even more vivid picture. The line chart distinctly shows a pattern where the buying pressure from these institutional entities reached a peak at the same time as the price ceiling. However, the peak has been steadily declining since, moving closer to the neutral zero line.

But wait, theres more. This investigation has also unearthed a fascinating if not curious, recurring pattern. Over the past two years, whenever the indicator has stumbled into negative territory and then bounced back, Bitcoins price has mirrored this plunge and subsequent rebound, like an ever-faithful reflection following a pattern etched into the stone.

Rewind to just earlier this year: this same pattern gently unfolded, with one marked difference. This time when the indicator swiveled back from descent to ascent, Bitcoin launched into a rally, breaking its all-time high.

Zoom onto the present scenario: the Bitcoin Coinbase Premium is slowly subtending a downtrend and remains positive, albeit still not venturing into the negative territory. It seems like Bitcoin is currently on a wait and see moment. So, if history bears to repeat itself, a further dip is required, reaching the reversal point before a potential rebound happens.

As for Bitcoins price, the journey has seen its shares slide under the $61,000 mark, only to find solace in a swift recovery, bouncing back to more than $62,700 in just one day.

Could this be a forerunner of a drastic rally or the prologue to a slow decline? Only time holds the answers, and cryptowatchers will be paying keen attention to the movements of the Bitcoin Coinbase Premium, ready to glean potential clues as to Bitcoins coyly unpredictable trajectory.

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Bitcoin Coinbase Premium: Key to Predicting Cryptocurrency Trends? - West Island Blog

Mays Hottest Crypto Leaders: BlockDAG Surges, ADAs New Rival, and Bold Ethereum (ETH) Price Predictions Revealed!

In the evolving landscape of the cryptocurrency market, projects like Ethereum, Hump Token, and BlockDAG are drawing investor attention due to their unique growth prospects. Ethereum continues to solidify its position above the $3,000 mark, signaling a positive market sentiment. Hump Token, offering an alternative to Cardano, is rapidly gaining traction with those seeking quick returns.

BlockDAG, a leading Layer 1 solution, is advancing with its accelerated mainnet launch and making notable pre-launch strides through significant presales and extensive global marketing efforts. As it readies the release of its X1 Miner App, which aims to boost global mining efficiency significantly, BlockDAG is setting up remarkable growth.

Ethereum is experiencing a resurgence, maintaining a steady position above $3,000 following a recent price correction, similar to Bitcoins movements. Positioned well above its 200-day exponential moving average, Ethereum shows signs of a solidifying trend. Technical assessments indicate critical resistance levels at $3,165 and $3,200, suggesting potential growth towards $3,500 if these thresholds are surpassed.

Supportive levels at $3,100 and $3,000 offer a robust buffer against significant declines. Market enthusiasm is further boosted by endorsements from notable figures such as Ripples CEO, Brad Garlinghouse. With these factors, Ethereum presents a promising buying option for investors looking to capitalize on its expected ascent.

Within a mere week, Hump Token has seen an impressive 5000% increase, making it a strong contender as a Cardano alternative. This meteoric rise has captured the focus of a leading analyst who previously accurately forecasted Solanas fall. This expert now predicts a potential fiftyfold increase for Hump. The tokens vibrant community and active social media engagement have been vital to its swift ascent.

Anticipation is growing with the possibility of Hump Token being listed on major trading platforms, setting the stage for further impressive gains. Investors searching for high-reward prospects may find Hump Token especially appealing as it capitalizes on recent successes and the broader markets positive momentum.

BlockDAG is rapidly advancing in the crypto realm, having moved its mainnet launch forward by four months, signaling quick technological advancements. The revised roadmap emphasizes its focus on developing peer-to-peer engines and intricate algorithms for improved data handling, aiming to boost blockchain efficiency significantly.

BlockDAGs visibility was notably enhanced by a dynamic presentation at Londons Piccadilly Circus, with similar events in Tokyo and Las Vegas, highlighting its tech prowess and attracting global interest. These promotional efforts helped BlockDAG raise $25.7 million in its presale phase.

Additionally, with over 5500 miners already sold, generating over $2.5 million, and the impending launch of the X1 Miner App, BlockDAG is enhancing mining efficiency worldwide. With continued presale success and growing community support, BlockDAG is well on its way to achieving its projected $30 valuation by 2030, presenting a compelling investment opportunity for those interested in cutting-edge crypto technology.

Overall, while both Ethereum and Hump Token provide attractive opportunities within their niches, BlockDAG stands out as the strategic investment choice in the current crypto market. Its proactive development approach, effective global marketing, and solid presale results highlight its potential as a blockchain innovation leader.

As BlockDAG prepares to release its advanced X1 Miner App and an early mainnet launch, it is uniquely positioned to realize its vision of a $30 valuation by 2030, offering investors a distinctive and profitable venture in the fast-paced cryptocurrency arena.

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Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosurehere.

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May's Premier Cryptocurrency Picks: Surging Ethereum, Hump Token, and BlockDAG - The Merkle News

Benzinga - by Benzinga Insights, Benzinga Staff Writer.

Over the past 24 hours, Immutable's (CRYPTO: IMX) price has fallen 7.64% to $2.06. This continues its negative trend over the past week where it has experienced a 7.0% loss, moving from $2.21 to its current price.

The chart below compares the price movement and volatility for Immutable over the past 24 hours (left) to its price movement over the past week (right). The gray bands are Bollinger Bands, measuring the volatility for both the daily and weekly price movements. The wider the bands are, or the larger the gray area is at any given moment, the larger the volatility.

The trading volume for the coin has increased 16.0% over the past week while the overall circulating supply of the coin has increased 0.06% to over 1.46 billion which makes up an estimated 72.84% of its max supply, which is 2.00 billion. The current market cap ranking for IMX is #37 at $3.00 billion.

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Cryptocurrency Immutable Down More Than 7% Within 24 hours - Investing.com UK

Benzinga - by Benzinga Insights, Benzinga Staff Writer.

Ethereum Classic's (CRYPTO: ETC) price has decreased 3.51% over the past 24 hours to $25.41, continuing its downward trend over the past week of -8.0%, moving from $27.74 to its current price.

The chart below compares the price movement and volatility for Ethereum Classic over the past 24 hours (left) to its price movement over the past week (right). The gray bands are Bollinger Bands, measuring the volatility for both the daily and weekly price movements. The wider the bands are, or the larger the gray area is at any given moment, the larger the volatility.

The trading volume for the coin has increased 6.0% over the past week while the overall circulating supply of the coin has increased 0.69% to over 147.05 million which makes up an estimated 69.79% of its max supply, which is 210.70 million. The current market cap ranking for ETC is #31 at $3.74 billion.

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Cryptocurrency Ethereum Classic Down More Than 3% Within 24 hours - Investing.com UK

Benzinga - by Benzinga Insights, Benzinga Staff Writer.

Filecoin's (CRYPTO: FIL) price has decreased 3.46% over the past 24 hours to $5.38, continuing its downward trend over the past week of -9.0%, moving from $5.91 to its current price.

The chart below compares the price movement and volatility for Filecoin over the past 24 hours (left) to its price movement over the past week (right). The gray bands are Bollinger Bands, measuring the volatility for both the daily and weekly price movements. The wider the bands are, or the larger the gray area is at any given moment, the larger the volatility.

The trading volume for the coin has decreased 17.0% over the past week, while the overall circulating supply of the coin has increased 0.53% to over 551.58 million. This puts its current circulating supply at an estimated 28.13% of its max supply, which is 1.96 billion. The current market cap ranking for FIL is #39 at $2.97 billion.

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Cryptocurrency Filecoin Decreases More Than 3% Within 24 hours - Investing.com UK