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The Next Big Cryptocurrency to Explode in 2024 [x100 Bull Run]

Digital Finance News Staff

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The Next Big Cryptocurrency to Explode in 2024 [x100 Bull Run]

The cryptocurrency market is constantly evolving, and every now and then, a new contender emerges with the potential to deliver substantial returns. But with great potential comes great risk, and the market is rife with speculation, hype, and misinformation.

In this article, we’re diving deep into projects like EarthMeta, labeled as the best crypto of 2024 by specialists and cryptos media. We’re cutting through the noise, sharing ou findings and giving you insights—straightforward, objective, and grounded in reality. Stay safe and stay informed as we uncover what could be the most explosive investment opportunity of the year.

For a cryptocurrency token to experience significant growth, it requires first to be cheap, and to get a substantial influx of capital and liquidity (momentum). This means that a large amount of money needs to be invested in the token, and there needs to be enough liquidity for people to buy and sell the coin without causing major price fluctuations. If you aim to achieve a 100x return during a bull run, it’s generally advisable to look beyond the top 100 tokens listed on CoinMarketCap. This is because tokens below the top 100 often have more room for growth and can provide higher returns if they gain popularity and adoption.

To identify the next big coin that could explode in 2024 and therefore the best presale crypto of 2024, several key factors need to be considered. These factors include the sector in which the project operates, current trends, the project’s viability and reliability, and the strength of its community.

The first project we are considering this year is EarthMeta which is under a penny for the moment. This project operates within the Metaverse and Artificial Intelligence (AI) sectors, which are two of the most discussed and rapidly evolving areas in the tech world today. The Metaverse refers to a virtual reality space where users can interact with a computer-generated environment and other users. AI, on the other hand, involves the simulation of human intelligence in machines. By focusing on these trendy and cutting-edge fields, EarthMeta is well-positioned to attract significant attention, making it a strong candidate to be the next trendy crypto during the next 2025 bull run.

When evaluating a project’s viability and reliability, it is essential to consider the team’s experience and track record. For instance, EarthMeta is considered reliable due to its strong and experienced team, which has demonstrated the ability to execute its vision and deliver results. Another project worth noting is Telcoin, which has already established itself in the market and proven its reliability over time. Telcoin focuses on providing fast and affordable remittance services using blockchain technology, making it a practical solution with real-world applications.

Also, meme coins often start as jokes or internet memes, but they can develop into serious investment opportunities if they gain a strong and active community. The economic basis of a meme coin depends on what it promises to deliver and its actual performance. A strong community can drive demand and increase the token’s value, making it essential to evaluate the level of community engagement and support.

>>> The Next Must-Watch Cryptocurrency <<<

Our list of the next big crypto coins to explode in 2024 (x100 Bull Run) :

  • EarthMeta ($EMT) – AI-driven Metaverse platform for decentralized governance and digital real estate.
  • Folki ($FOLKI) – Meme coin integrating with the metaverse.
  • Telcoin ($TEL) – Decentralized finance solutions for mobile phones in emerging markets.
  • Toncoin ($TON) – Cryptocurrency integrated with Telegram’s advertising platform.
  • Lido ($LDO) – Prominent staking solutions for digital assets.

Cheelee ($LEE) – GameFi short video platform rewarding users for viewing and creating content.

EarthMeta is a project with the potential to deliver. 

 

Thinking on the early days of Bitcoin (BTC) and Ethereum (ETH), we can see how investors who took risks now enjoy substantial rewards. EarthMeta presents a similar opportunity by operating a metaverse. A sector at the forefront of technological innovation and investment.

 

The significance of the Metaverse and AI cannot be overstated. These areas are generating extensive interest, and experts predict they will continue to grow. The metaverse, a virtual reality space where users can interact, is creating new avenues for social interaction, work, and entertainment. AI is transforming industries with its ability to process and analyze vast amounts of data, making decisions faster and more accurately than humans. EarthMeta is well-positioned within this context, leveraging advancements in these fields to create a unique offering.

 

The project’s strong fundamentals include a dedicated team, a clear and ambitious long-term roadmap, and solid tokenomics, all of which contribute to its potential for significant growth. The team behind EarthMeta has a proven track record of success in tech and finance, ensuring that the project is in capable hands. The long-term roadmap outlines a series of strategic milestones that aim to expand the project’s capabilities and reach, while the tokenomics ensure a sustainable economic model. By combining these elements, EarthMeta could become the Bitcoin of this year, offering substantial returns for early investors.

 

>>> Learn more about EarthMeta.AI <<<

Key features:

  • AI-Powered Metaverse: EarthMeta is the first decentralized AI-powered metaverse, allowing users to own and govern virtual real estate.
  • Comprehensive Ecosystem: It includes features like EarthMeta Core for trading virtual properties, EarthMeta Marketplace for buying and selling assets, and EarthMeta AI for personalized trading data.
  • Strong Fundamentals: With a dedicated team, a clear and ambitious long-term roadmap, and solid tokenomics, EarthMeta is well-positioned for growth.

Potential for Growth: EarthMeta leverages the latest advancements in the metaverse and AI to create unique offerings. The project’s strong fundamentals, combined with its innovative approach, make it a compelling investment opportunity. The benefits that you can get from now (during their presale) can get you in the best spot for the bull run . 

2. Folki

Folki is another cryptocurrency booming that deserves attention due to its unique positioning at the intersection of the meme coin universe and the metaverse. Meme coins often gain popularity through viral marketing and strong community support. Folki, however, goes a step further by integrating with the metaverse, providing additional use cases beyond its meme origins.

The metaverse is rapidly becoming a significant area of development in the digital world, offering new ways for people to interact, work, and play. Folki’s integration into this space means it can tap into the growing interest and investment in the metaverse, potentially driving its value up significantly. The combination of meme culture and metaverse utility makes Folki a unique and promising contender in the cryptocurrency market. The project aims to create a virtual world where users can engage in various activities, from gaming to socializing, all while using Folki tokens for transactions. This dual appeal—both as a meme coin and a utility token within the metaverse—positions Folki as an altcoin to buy poised for substantial growth.

Key features:

  • Valhalla NFT Metaverse Game: This game taps into the $1 trillion metaverse industry, with Floki tokens being the main currency.

  • FlokiFi: A suite of DeFi products that enhance the token’s utility.

  • Community-Driven: Strong community support and viral marketing have significantly boosted Folki’s popularity.

Potential for Growth: Folki’s integration into the metaverse and its robust community support make it a unique and promising contender in the cryptocurrency market. Its ability to tap into growing interest and investment in the metaverse could drive its value up significantly .

3. Telcoin

Telcoin has carved out a niche by focusing on providing decentralized finance (DeFi) solutions through mobile phones, particularly in emerging markets like Asia. It is primarily used for micropayments, which are crucial in low-income countries where traditional banking services are limited. Telcoin leverages the widespread use of mobile phones to facilitate financial transactions, making it an essential tool for economic empowerment in these regions.

Telcoin has already demonstrated its potential by achieving a 500x return in the past. Despite the recent bear market, Telcoin has shown resilience and continued to perform well. Its practical use case and proven track record suggest it could achieve significant growth again. The focus on providing real-world solutions in underserved markets positions Telcoin as a strong candidate for another 100x return, especially as it continues to expand its reach and improve its services. Telcoin’s platform allows users to send money quickly and affordably, bypassing traditional banking infrastructure and reducing transaction costs. This makes it particularly valuable in regions where access to financial services is limited.

Key features:

  • Mobile-First Approach: Telcoin leverages the widespread use of mobile phones to facilitate financial transactions.

  • Proven Track Record: Telcoin has already demonstrated its potential by achieving a 500x return in the past.

  • Practical Use Case: Its focus on providing real-world solutions in underserved markets positions it well for future growth.

Potential for Growth: Telcoin’s resilience and continued performance during market downturns suggest it could achieve significant growth again. Its practical use case and expansion in emerging markets make it a strong candidate for another 100x return .

4. Toncoin

Toncoin, often referred to as “Telegram money,” is another cryptocurrency with significant potential. Telegram, a widely used messaging platform, has introduced paid advertising within its application, using Toncoin as the medium for transactions. This move is reminiscent of Google’s introduction of Google Ads, which led to phenomenal growth for the company.

Telegram’s advertising platform allows users to create ads that are broadcast on various channels, targeting users when they are most interested in the products or services being offered. This integration of advertising and cryptocurrency provides a powerful use case for Toncoin. As Telegram continues to expand its features and possibly introduce new services like a marketplace, the demand for Toncoin is likely to increase. This could drive substantial growth, making it a promising candidate for significant returns. Toncoin facilitates seamless transactions within the Telegram ecosystem, providing users with a quick and easy way to pay for services, access premium content, and support creators. The potential for widespread adoption of Toncoin within Telegram’s large user base underscores its growth prospects.

Key features:

  • Integration with Telegram: Users can create ads that are broadcast on various channels, using Toncoin for transactions.
  • Expanding Ecosystem: Telegram’s potential future features, like a marketplace, could further increase demand for Toncoin.

Potential for Growth: The integration of advertising and cryptocurrency within Telegram provides a powerful use case for Toncoin. As Telegram expands its features, the demand for Toncoin is likely to grow.

Glowing blue pulse trace analyzing healthcare data generated by artificial intelligence

5. Lido

Lido is a prominent player in the staking ecosystem, providing real staking solutions for digital assets. It is definitely the big thing. Staking is a process where cryptocurrency holders can earn rewards by participating in the network’s consensus mechanism. Lido simplifies this process, making it accessible to a broader audience and allowing more people to benefit from staking.

The staking market is huge and growing rapidly, as more investors seek to earn passive income from their digital assets. Lido’s role in this market, combined with its robust infrastructure and user-friendly platform, positions it well for significant growth. As the demand for staking solutions increases, Lido could see substantial returns, potentially achieving a 100x increase in value. Lido’s platform supports staking for various cryptocurrencies, offering users a diversified portfolio of staking opportunities. Its ability to attract and manage immense capital through staking services makes it a compelling investment opportunity. By providing a reliable and efficient way for users to earn rewards, Lido is positioned to become a leading player in the staking industry

Key features:

  • Liquid Staking Solutions: Lido allows users to stake their tokens while keeping them liquid for use in other DeFi applications.

  • Robust Infrastructure: Lido’s user-friendly platform and strong infrastructure support its staking services.

  • Growing Market: The demand for staking solutions is increasing, making Lido well-positioned for growth.

Potential for Growth: As more investors seek to earn passive income from their digital assets, Lido’s role in the staking market becomes increasingly important. Its ability to manage significant capital through staking services positions it for substantial returns .

6. Lee

Lee Token is the token of Cheelee. A GameFi short video platform where users can earn money by viewing and creating content, regardless of their number of subscribers. On average, users spend 2.5 hours each day on social networks without receiving any tangible rewards. 

Cheelee envisions an app used globally for entertainment, development, and earnings. Working within the “Attention Economy” framework. By integrating GameFi mechanics into its short video platform, allowing users to earn money by viewing and creating content. This gamified approach taps into the rapidly growing GameFi sector, which is attracting substantial investor interest and user engagement.

Cheelee’s dual-token system (CHEEL and LEE) is designed to support the platform’s economy and reward users. With a limited issuance cap and progressive mining difficulty, LEE’s value is poised to increase as more tokens are mined. The robust tokenomics ensure long-term sustainability and value appreciation. The team behind Cheelee has a proven track record in tech and finance, ensuring that the project is in capable hands. Their expertise in developing and scaling innovative platforms provides confidence in Cheelee’s ability to execute its vision and achieve substantial growth.

By joining Cheelee, users can start earning immediately without initial investment, integrate seamlessly into their existing social media usage, and benefit from developed mechanics ensuring altcoin value stability.

Cheelee’s ambassador and active user programs incentivize engagement and reward users with Digital Glasses, further driving platform adoption and retention. This community-driven approach fosters a loyal user base that contributes to the platform’s success.

Projects like Cheelee, which offer unique value propositions and innovative solutions, are well-positioned to capitalize on this bullrun and deliver exceptional returns

Key features:

  • Digital Glasses: Virtual glasses distinct in design and rarity, enabling users to earn coins through viewing.

  • CHEEL Coin: Used for in-game purchases and future voting on app features.
  • LEE Coin: The primary internal coin with a set issuance cap, earned by viewing content.
  • Attention Economy: Users are rewarded for their attention, converting it into income.
  • Earning Strategies: Various strategies based on the rarity of Digital Glasses and user engagement.

Final Thoughts

The actual cryptocurrency market presents a multitude of opportunities for discerning investors. Do you want any advice ? By focusing on emerging technologies like EarthMeta, evaluating project fundamentals, diversifying investments, and staying attuned to market trends, you can position yourself to capitalize on the next big thing. Remember, while the potential for high returns is alluring, it’s essential to approach cryptocurrency investment with a well-researched and balanced strategy.

Investing in cryptocurrencies can be highly rewarding but also involves a fair amount of risk. As the digital asset market continues to mature, identifying the next big cryptocurrency to explode requires a blend of strategic insight, market knowledge, and a bit of foresight. The year 2024 is expected to bring new opportunities for investors who are prepared to navigate this dynamic landscape.

One key factor in cryptocurrency investment is market timing. Bull runs, periods when the market experiences rapid price increases, offer the best opportunities for significant returns. However, these periods can be unpredictable, and recognizing the early signs of a bull market can be challenging. Staying informed about market trends and global economic factors that influence cryptocurrency prices is essential for making timely investment decisions.

Diversifying your portfolio is another essential strategy. Rather than putting all your resources into one project, spreading investments across various promising cryptocurrencies can mitigate risks and enhance potential returns. For example (and this is just an exemple) you can put 35% on Coin A, 25% on Coin B, 15% on Coin C, 15% on Coin D, and 10% on Coin E, or put 20% on each project. This approach not only reduces exposure to any single asset’s volatility but also allows investors to benefit from the growth of multiple projects.

Also, the cryptocurrency market is driven by innovation – You heard for sure about these new technologies coming : like the Metaverse, Artificial Intelligence, and decentralized finance are not just buzzwords; they represent the future of digital interactions and financial systems. Projects that successfully integrate these technologies are likely to attract significant attention and investment – and therefore, can be the next altcoin to get a huge reward !.

Don’t forget that a project’s success is often determined by its fundamentalsteam experience, technological innovation, and a clear, ambitious roadmap. You should look for projects with a strong foundation and the ability to execute their vision. Solid tokenomics, which refers to the economic model governing the token’s distribution and utility, is also important for long-term sustainability.

What is the principle of DYOR (Do Your Own Research) ?

“Do Your Own Research” (DYOR) is a cornerstone principle in the world of cryptocurrency investing, emphasizing the importance of personal diligence and independent analysis. Given the volatility and speculative nature of the cryptocurrency market, DYOR is not just recommended but essential for anyone looking to invest. Here, we will delve deeper into the various aspects of DYOR and provide comprehensive guidance on how to execute it effectively.

The Essence of DYOR

  • Empowerment Through Knowledge: DYOR empowers investors by providing them with the necessary information to make informed decisions. This reduces reliance on external opinions and mitigates the risk of falling for scams or hype-driven investments.

  • Risk Management: By understanding the intricacies of a project, investors can better assess the risks involved and develop strategies to manage them. This includes identifying potential red flags early on.

  • Building Confidence: Thorough research instills confidence in your investment choices, making it easier to hold through market fluctuations and stick to your investment strategy.

Foundational Understanding:

  • Learn the Basics: Start with the fundamentals of blockchain technology and cryptocurrency. Understand how blockchain works, what cryptocurrencies are, and the different types of digital assets.

  • Stay Updated: Follow reliable news sources, join forums like Reddit and Bitcointalk, and participate in community discussions to stay updated on the latest trends and developments.

Project Evaluation:

Whitepaper Analysis: The whitepaper is the project’s blueprint. It should outline the project’s purpose, technology, use case, tokenomics, roadmap, and team. Key sections to focus on include:

  • Problem Statement: What problem is the project solving?
  • Solution: How does the project propose to solve this problem?
  • Technology: What technology is being used? Is it innovative?
  • Tokenomics: How is the token distributed? What is the total supply?
  • Roadmap: What are the project’s future plans and milestones?
  • Team and Advisors: Investigate the team’s background and experience. A team with a proven track record in relevant fields is more likely to succeed. Look for transparent LinkedIn profiles, previous projects, and advisor endorsements.

Market Analysis:

Market Capitalization: This is a key indicator of a cryptocurrency’s size and potential. Market cap = current price x circulating supply.

Categorize cryptocurrencies into:

  • Large-cap: Over $10 billion. Lower risk, stable, but lower potential returns.

  • Mid-cap: Between $1 billion and $10 billion. Balanced risk and reward.

  • Small-cap: Under $1 billion. Higher risk but potentially higher returns and therefore potential for a x100 or more.

Trading Volume: High trading volume indicates strong market interest and liquidity, reducing the risk of price manipulation and making it easier to enter and exit positions.

Price History: Analyze historical price charts to understand past performance, volatility, and potential support and resistance levels.

Fundamental Analysis:

  • Use Case and Utility: Evaluate the real-world applications of the cryptocurrency. Does it solve a significant problem or offer a unique solution?

  • Technology and Innovation: Assess the technology behind the project. Is it groundbreaking or a slight improvement over existing solutions? Innovations that offer significant advantages over already existing competitors can drive long-term value.

  • Adoption and Partnerships: Look for evidence of adoption. Are there partnerships with established companies or institutions? High adoption rates and strategic partnerships can be strong indicators of a project’s viability.

Economic Model and Tokenomics:

  • Token Distribution: Understand how tokens are distributed. A fair and transparent distribution is crucial for long-term sustainability.

  • Inflation and Deflation: Analyze the token’s inflation or deflation mechanisms. How will new tokens be introduced or burned?

  • Staking and Rewards: Look into any staking mechanisms and the rewards offered. Sustainable and attractive staking rewards can incentivize long-term holding.

Tools and Resources for DYOR :

  • News Aggregators: Websites like CoinDesk, CoinTelegraph, and CryptoSlate provide up-to-date news and analysis.

  • Social Media: Twitter, Reddit, and Telegram are essential for real-time updates and community sentiment.

  • Blockchain Explorers: Tools like Etherscan and BscScan allow you to verify transactions, smart contracts, and token distribution.

  • Market Data Platforms: CoinMarketCap and CoinGecko offer comprehensive market data, including prices, volumes, and market caps.

  • Analytical Tools: Websites like Glassnode and CryptoQuant provide on-chain analytics that can give insights into market trends and investor behavior.

Common Pitfalls to Avoid :

  • Following Hype: Avoid making decisions based solely on hype or FOMO (Fear of Missing Out). Always back your decisions with solid research.
  • Overlooking Red Flags: Pay attention to warning signs such as anonymous teams, lack of transparency, and unrealistic promises.
  • Ignoring Market Sentiment: While it’s important to be independent, completely ignoring market sentiment can lead to missed opportunities or unexpected risks.
  • Neglecting Exit Strategies: Plan your exit strategy before investing. Know when to take profits or cut losses to avoid emotional decision-making during market volatility.

How to determine if a cryptocurrency is big or small ?

The size and potential of a cryptocurrency can be determined by examining various metrics:

Market Capitalization:

  • Large-cap: These are well-established cryptocurrencies with a market cap over $10 billion. Examples include Bitcoin (BTC) and Ethereum (ETH). They are typically considered lower risk.

  • Mid-cap: Cryptocurrencies with a market cap between $1 billion and $10 billion. These projects have a balance of potential growth and risk.

  • Small-cap: Cryptocurrencies with a market cap below $1 billion. These projects often have the highest growth potential but also carry the highest risk.

Circulating Supply vs. Total Supply:

  • Circulating Supply: The number of tokens currently available for trading in the market.
  • Total Supply: The maximum number of tokens that will ever be available.

A low circulating supply relative to the total supply can indicate potential inflation if many new tokens are released into the market.

Adoption and Usage:

Projects with high adoption rates and real-world usage are generally more stable and have a larger market cap.

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We are the editorial team of Digital Finance News, where seriousness meets clarity in cryptocurrency analysis. With a robust team of finance and blockchain technology experts, we are dedicated to meticulously exploring complex crypto markets with detailed assessments and an unbiased approach. Our mission is to democratize access to knowledge of emerging financial technologies, ensuring they are understandable and accessible to all. In every article on Digital Finance News, we strive to provide content that not only educates, but also empowers our readers, facilitating their integration into the financial digital age.

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Today’s top crypto gainers and losers

Digital Finance News Staff

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Jupiter and JasmyCoin lead the rally: Top crypto gainers and losers of the day

Over the past 24 hours, Jupiter and JasmyCoin emerged as the top gainers among the top 100 crypto assets, while Bittensor and Mantra plunged as the top losers.

Top Winners

Jupiter

Jupiter (JUP) led the charge among the biggest gainers on July 27.

At the time of writing, the crypto asset had surged 12.6% in the past 24 hours and was trading at $1.16. JUP’s daily trading volume was hovering around $282 million, according to data from crypto.news.

JUP Hourly Price Chart, July 26-27 | Source: crypto.news

Additionally, the cryptocurrency’s market cap stood at $1.56 billion, making it the 62nd largest crypto asset, according to CoinGecko. Despite the recent price surge, the token is still down 42.6% from its all-time high of $2 reached on Jan. 31.

Jupiter functions as a decentralized exchange aggregator that allows users to trade Solana-based tokens. The platform also offers users the best routes for direct trades between multiple exchanges and liquidity pools.

In addition to being a DEX aggregator, Jupiter has expanded into a “full stack ecosystem” by launching several new projects, including a dedicated pool to support perpetual trading and plans for a stablecoin.

JasmyCoin

JasmyCoin (JASMI) has increased by 12% in the last 24 hours and is trading at $0.0328 at press time. JASMY’s daily trading volume has increased by 10% in the last 24 hours, reaching $146 million.

Jupiter and JasmyCoin lead the rally: Today's top crypto gainers and losers - 2

JASMY Hourly Price Chart, July 26-27 | Source: crypto.news

The asset’s market cap has surpassed the $1.5 billion mark, making it the 60th largest cryptocurrency at the time of reporting. However, the self-proclaimed “Bitcoin of Japan” is still down 99.3% from its all-time high of $4.79 on February 16, 2021.

JASMY is the native token of Jasmy Corporation, a Japanese Internet of Things provider. The platform seeks to merge the decentralization of blockchain technology with IoT, allowing users to convert their digital information into digital assets.

The initiative was launched by Kunitake Ando, ​​former COO of Sony Corporation, along with Kazumasa Sato, former CEO of Sony Style.com Japan Inc., Hiroshi Harada, executive financial analyst at KPMG, and other senior executives from Japan.

Kaspa

Kaspa (KAS) saw a 100% increase in trading volume and an 8% increase in price over the past 24 hours, trading at $0.19 at the time of publication.

Jupiter and JasmyCoin lead the rally: Today's top crypto gainers and losers - 3

KAS Hourly Price Chart, July 26-27 | Source: crypto.news

According to data from CoinGecko, Kaspa now ranks 27th in the global cryptocurrency list, with a circulating supply of approximately 24.29 billion KAS tokens and a market capitalization of $4.59 billion.

Kaspa is a cryptocurrency designed to deliver a high-performance, scalable, and secure blockchain platform. Its unique Layer-1 protocol includes the GhostDAG protocol, a proof-of-work (PoW) consensus mechanism that enables faster block times and higher transaction throughput compared to standard blockchains.

Unlike Bitcoin, GhostDAG allows multiple blocks to be created simultaneously, speeding up transactions and increasing block rewards for miners.

Bonk

Bonk (BONK) is the only one coin meme which made it to this list of biggest gainers and jumped 8.6% in the last 24 hours. Trading at $0.000030, the Solana-based meme coin’s market cap has surpassed $2.1 billion, surpassing Floki (FLOKI), another competing dog-themed coin with a market cap of $1.78 billion.

Jupiter and JasmyCoin lead the rally: Today's top crypto gainers and losers - 4

BONK Hourly Price Chart, July 26-27 | Source: crypto.news

BONK’s daily trading volume hovered around $285 million. However, BONK is still down 33.5% from its all-time high of $0.000045, reached on March 4.

Bonk, a meme coin that rose to prominence in 2023, has contributed significantly to Solana’s value increase amid the meme coin frenzy.

Bonk started out as a simple dog-themed coin. It has since expanded its features to include integration with decentralized finance. The project also partners with cross-chain communication protocols, NFT marketplaces, and various other cryptocurrency ecosystems.

BONK trading pairs are now listed on major exchanges including Binance, Coinbase, OKX, and Bitstamp.

The big losers

Bittensor

Bittensor (TAO) was the biggest loser among the 100 largest crypto assets, according to data from CoinGecko.

At the time of writing, TAO, the native token of decentralized AI project Bittensor, was down 5%, trading around $344. The crypto asset had a daily trading volume of $59 million and a market cap of $2.43 billion.

Jupiter and JasmyCoin lead the rally: Today's top crypto gainers and losers - 5

TAO 24 Hour Price Chart | Source: CoinGecko

Bittensor, created in 2019 by AI researchers Ala Shaabana and Jacob Steeves, initially operated as a parachain on Polkadot before transitioning to its own layer-1 blockchain in March 2023.

Mantra

Mantra (OM) fell 6%, trading at $1.13 at press time. The digital currency’s market cap fell to $938 million. Additionally, the 82nd largest crypto asset has a daily trading volume of $26 million.

Jupiter and JasmyCoin lead the rally: Today's top crypto gainers and losers - 6

OM Price Hourly Chart, July 26-27 | Source: crypto.news

Mantra is a modular blockchain network comprising two chains, Manta Pacific and Manta Atlantic, specialized in zero-knowledge applications.

Coat

Coat (MNT) also saw a 2.4% drop in price, now trading at $0.8413. Currently, Mantle has a market cap of around $2.75 billion, which ranks 36th in the global cryptocurrency rankings by market cap, according to price data from crypto.news.

Jupiter and JasmyCoin lead the rally: Today's top crypto gainers and losers - 7

MNT Hourly Price Chart, July 26-27 | Source: crypto.news

Over the past 24 hours, MNT trading volume also fell by 6%, reaching $240 million.

Mantle, formerly known as BitDAO, is an investment DAO closely associated with Bybit. The MNT token is essential for governance, paying gas fees on the Mantle network, and staking on various platforms.

Built on the Ethereum network, Mantle provides a platform for decentralized application developers to launch their projects. It has become particularly popular for GameFi applications, leading to the formation of an internal Web3 gaming team.

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Bitcoin Price Drops to $67,000 Despite Trump’s Pro-Crypto Comments, Further Correction Ahead?

Digital Finance News Staff

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Bitcoin Price Drops to $67,000 Despite Trump’s Pro-Crypto Comments, Further Correction Ahead?

Pioneer cryptocurrency Bitcoin has registered a 1.13% decline in the past 24 hours to trade at $67,400. Despite a strong pro-crypto stance from US presidential candidate Donald Trump at the Bitcoin 2024 conference, this massive selloff has raised concerns in the market about the asset’s sustainability at a higher price. However, given the recent three-week rally, a slight pullback this weekend is justifiable and necessary to regain the depleted bullish momentum.

Bitcoin Price Flag Formation Hints at Opportunity to Break Beyond $80,000

The medium-term trend Bitcoin Price remains a sideways trend amidst the formation of a bullish flag pattern. This chart pattern is defined by two descending lines that are currently shaping the price trajectory by providing dynamic resistance and support.

On July 5, BTC saw a bullish reversal from the flag pattern at $53,485, increasing its asset by 29.75% to a high of $69,400. This recent spike followed the market’s positive sentiment towards the Donald Trump speech at the Bitcoin 2024 conference in Nashville on Saturday afternoon.

Bitcoin Price | Tradingview

In his speech, Trump outlined several pro-crypto initiatives: he promised to replace SEC Chairman Gary Gensler on his first day in office, to establish a Strategic National Reserve of Bitcoin if elected, to ensure that the U.S. government holds all of its assets. Bitcoin assets and block any attempt to create a central bank digital currency (CBDC) during his presidency.

He also claimed that under his leadership, Bitcoin and cryptocurrencies will skyrocket like never before.

Despite Donald Trump’s optimistic promises, the BTC price failed to reach $70,000 and is currently trading at $67,400. As a result, Bitcoin’s market cap has dipped slightly to hover at $1.335 trillion.

However, this pullback is justified, as Bitcoin price has recently seen significant growth over the past three weeks, which has significantly improved market sentiment. Thus, price action over the weekend could replenish the depleted bullish momentum, potentially strengthening an attempt to break out from the flag pattern at $70,130.

A successful breakout will signal the continuation of the uptrend and extend the Bitcoin price forecast target at $78,000, followed by $84,000.

On the other hand, if the supply pressure on the upper trendline persists, the asset price could trigger further corrections for a few weeks or months.

Technical indicator:

  • Pivot levels: The traditional pivot indicator suggests that the price pullback could see immediate support at $64,400, followed by a correction floor at $56,700.
  • Moving average convergence-divergence: A bullish crossover state between the MACD (blue) and the signal (orange) ensure that the recovery dynamics are intact.

Related Articles

Frequently Asked Questions

A CBDC is a digital form of fiat currency issued and regulated by a country’s central bank. It aims to provide a digital alternative to traditional banknotes.

The proposal for a strategic national Bitcoin reserve is a major confirmation of Bitcoin’s legitimacy and potential as a reserve asset. Such a move could position Bitcoin in a similar way to gold, potentially stabilizing its price and encouraging other countries to adopt similar strategies.

Conferences like Bitcoin 2024 serve as essential platforms for networking, knowledge sharing, and showcasing new technologies within the cryptocurrency industry.

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Swiss crypto bank Sygnum reports profitability after surge in first-half trading volumes – DL News

Digital Finance News Staff

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Swiss crypto bank Sygnum reports profitability after surge in first-half trading volumes – DL News
  • Sygnum says it has reached profitability after increasing transaction volumes.
  • The Swiss crypto bank does not disclose specific profit figures.

Sygnum, a Swiss global crypto banking group with approximately $4.5 billion in client assets, announced that it has achieved profitability after a strong first half, with key metrics showing year-to-date growth.

The company said in a Press release Compared to the same period last year, cryptocurrency spot trading volumes doubled, cryptocurrency derivatives trading increased by 500%, and lending volumes increased by 360%. The exact figures for the first half of the year were not disclosed.

Sygnum said its staking service has also grown, with the percentage of Ethereum staked by customers increasing to 42%. For institutional clients, staking Ethereum has a benefit that goes beyond the limitations of the ETF framework, which excludes staking returns, Sygnum noted.

“The approval and launch of Bitcoin and Ethereum ETFs was a turning point for the crypto industry this year, leading to a major increase in demand for trusted, regulated exposure to digital assets,” said Martin Burgherr, Chief Client Officer of Sygnum.

He added: “This is also reflected in Sygnum’s own growth, with our core business segments recording significant year-to-date growth in the first half of the year.”

Sygnum, which has also been licensed in Luxembourg since 2022, plans to expand into European and Asian markets, the statement said.

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Former White House official Anthony Scaramucci says cryptocurrency bull market could be sparked by regulatory clarity

Digital Finance News Staff

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Former White House official Anthony Scaramucci says cryptocurrency bull market could be sparked by regulatory clarity

Anthony Scaramucci, founder of Skybridge Capital, says the next cryptocurrency bull market could be sparked by a new wave of clear cryptocurrency regulations.

In a new interview On CNBC’s Squawk Box, the former White House communications director said he and two other prominent industry figures traveled to Washington, D.C. to speak to officials about the dangers of Sen. Elizabeth Warren and U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler’s hardline approach to cryptocurrency regulation.

“Mark Cuban, myself, and Michael Novogratz were in Washington a few weeks ago to speak with White House officials and explain the dangers of Gary Gensler and Elizabeth Warren’s anti-crypto approach. I hope that message gets through…

“Overall, if we can get regulatory policy around Bitcoin and crypto assets in sync, we will have a bull market next year for these assets.”

Scaramucci then compares crypto assets to ride-hailing company Uber, saying regulators were initially wary of the service but eventually decided to adopt clear guidelines due to public demand.

“Remember Uber: Nobody wanted Uber. A lot of regulators didn’t want it. Mayors and deputy mayors didn’t want it, but citizens wanted Uber and eventually accepted the idea of ​​regulating it fairly. I think we’re there now.”

The CEO also says young Democratic voters believe their leaders are making the wrong choices when it comes to digital assets.

“I think President Trump’s move toward Bitcoin and crypto assets has shaken Democrats to their core, and I think very smart, younger Democrats are recognizing that they are completely off base with their positions, completely off base with these SEC lawsuits and regulation by law enforcement, and now they need to get back to the center.”

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