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Cryptography News
Coindoo
2w
100
Image Credit: Coindoo
Top Cryptos to Buy Now: Web3 ai, Polkadot, Render, & Chainlink Are Heating Up Fast
- With a focus on growth and real-world relevance, top cryptos to buy now include Web3 ai, Polkadot, Render, and Chainlink.
- Web3 ai offers AI tools for smart investing, integrating with wallets, APIs, and DEXs, making it a standout choice in the crypto market.
- Render turns idle GPU power into a decentralized cloud computing network, providing rendering capabilities in film, gaming, and design sectors.
- Polkadot excels in blockchain interoperability, allowing multiple blockchains to run simultaneously with its DOT token powering governance and staking.
- Chainlink, a trusted name, connects blockchains to off-chain data and traditional systems, making it crucial for DeFi applications and insurance protocols.
- These top cryptos offer innovative solutions to real-world problems and are witnessing growing user demand and institutional interest.
- Web3 ai, Polkadot, Render, and Chainlink are poised for growth and are recommended assets for investors looking towards the future.
- Coindoo sponsors this publication, emphasizing that readers should conduct their own research before engaging in any cryptocurrency-related activities.
- Disclaimer: Coindoo does not endorse the content mentioned here and will not be liable for any damages resulting from reliance on it.
- The mentioned cryptocurrencies are driving significant advancements in AI, cloud computing, blockchain interoperability, and decentralized data management.
- Each crypto project brings unique strengths and addresses current market needs, making them top considerations for forward-thinking investors.
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Coindoo
2w
252
Image Credit: Coindoo
How Many Investors Are in Profit Across the Top Cryptos?
- A significant share of major cryptocurrencies' circulating supply is currently in profit based on average on-chain purchase price.
- Bitcoin leads with 94.5% of holders in profit, followed by Ethereum at 88.7%.
- XRP, Dogecoin, Chainlink, and Cardano have lower percentages of supply in profit.
- Santiment warns of potential profit-taking due to high percentages of Bitcoin and Ethereum in profit.
- Cardano lags behind with only 46.5% of its supply in profit, potentially indicating undervaluation.
- Traders are navigating rising prices and potential overvaluation risks in the market.
- Profit-taking behavior and rotation into other altcoins may shape the next phase of the market cycle.
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Coindoo
2w
156
Image Credit: Coindoo
BlockDAG Tops the List of Top Crypto Coins as SHIB, PEPE, & BONK Show Breakout Signs
- Markets are settling into a reset phase with traders shifting focus to altcoins like BlockDAG, SHIB, PEPE, and BONK for potential gains.
- BlockDAG stands out with a path to 25x returns, major infrastructure progress, and upcoming listings on platforms like MEXC and BitMart.
- PEPE maintains stability around $0.00001136, backed by strong trading volume and potential breakout scenarios toward $0.000014.
- SHIB hovers around $0.00001034, looking for support to fuel a potential rise to $0.0000147 to $0.0000150 if sentiment improves.
- BONK, despite being oversold near $0.00001192, maintains community momentum and could see gains if it surpasses key levels on Solana.
- Amidst the selections, BlockDAG emerges as a top choice for its structural appeal, adoption progress, and anticipated price increase to $0.0030.
- SHIB, PEPE, and BONK are also worth considering for traders seeking short-term gains in the crypto market.
- BlockDAG leads the pack with a clear plan and strong fundamentals, making it a front-runner among the top crypto coins to watch.
- Traders are advised to focus on setups and practical use cases rather than hype when assessing crypto investment opportunities.
- The article is sponsored content, and readers are urged to conduct their own research before engaging in cryptocurrency-related activities.
- Web story eligibility: True
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Zycrypto
2w
287
Image Credit: Zycrypto
SHIB Army Eyes 195% Price Explosion After Negative Funding Rates Signal Bullish Reversal
- Shiba Inu (SHIB) could be poised for a bullish reversal following an 18.3% drop in the past month.
- Market analyst Tektonic sees early signs of bullish reversal with a target of $0.000017, fueled by negative funding rates signaling reduced bullish leverage.
- SHIB is trading at $0.00001161, indicating a 6.6% increase in the last 24 hours, potentially forming a reversal pattern on key timeframes.
- Bullish sentiment for SHIB is backed by a skyrocketing burn rate of 5,404.46%, reducing overall supply, which may drive prices up depending on demand.
- Shiba Inu's bullish outlook is strengthened as it nears $0.000012, creating higher lows and maintaining volume, hinting at a potential breakout towards $0.00001280–$0.00001350.
- Higher lows signify increasing buyer interest, weakening bearish sentiment, with each new support zone reinforcing a sustained uptrend for SHIB.
- The SHIB Army anticipates a 195% price surge amid the expected bullish pattern reversal.
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Zycrypto
2w
187
Image Credit: Zycrypto
Pompliano’s Crypto Firm ProCap Acquires Its First 3,724 BTC Amid Booming Corporate BTC Adoption
- ProCap BTC, a Bitcoin-native financial services firm founded by Anthony Pompliano, acquired 3,724 Bitcoins at an average price of $103,785.
- The Bitcoin purchase is valued at around $384 million, providing exposure to the cryptocurrency's price for future shareholders.
- ProCap plans to invest up to $1 billion in Bitcoin after finalizing a SPAC deal with Columbus Circle Capital Corp.
- The company raised over $750 million through equity and debt sales, marking a significant initial fundraise for a public bitcoin treasury company.
- ProCap's move to acquire Bitcoin follows a trend among public companies, with notable examples like Trump Media and GameStop adding Bitcoin to their balance sheets.
- According to Bitcoin Treasuries data, 136 public companies globally hold 835,053 Bitcoins worth $85 billion, with Michael Saylor's Strategy leading with 592,345 BTC.
- Bitcoin was trading around $106,128 at the time of publication, marking a 3.6% increase in the last day.
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Coindoo
2w
213
Image Credit: Coindoo
Buy Now Before Stage 11 Sends Troller Cat Parabolic – The Best Meme Coin Presale to Buy as Brett and Pudgy Penguins Fizzle Out
- Meme coins like Troller Cat, Brett, and Pudgy Penguins are gaining mainstream attention amidst Bitcoin's rise to record highs.
- Troller Cat ($TCAT) stands out with its structured presale, staking bonus, and deflationary Game Center, poised to redefine token launches.
- Troller Cat presale offers 26 progressive stages with 69% APY staking rewards, showing significant ROI and fostering long-term holding.
- Smart contract audits and KYC verification provide a secure environment, with Troller Cat crossing $250,000 in presale funding.
- Brett Coin and Pudgy Penguins are also making waves in the meme coin market, with Brett showcasing strong traction and Pudgy Penguins excelling in NFT merge launch.
- Brett Coin's market cap and daily trading volume demonstrate its momentum, while Pudgy Penguins' liquidity and market activity indicate robust growth potential.
- Rising prices and high liquidity make Pudgy Penguins a notable contender among meme coins, with room for further growth in circulation.
- The article emphasizes Troller Cat's presale as a standout choice, offering not just hype but structural strength for a promising investment opportunity.
- Troller Cat's presale is structured with unique features, high staking rewards, audited security, and a focus on sustainable growth and early adopter rewards.
- The article advises seizing the moment to buy TCAT, join the presale, and capitalize on the potential for long-term wealth in the evolving crypto market.
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Coindoo
2w
61
Image Credit: Coindoo
Hut 8 Doubles Bitcoin-Backed Credit Facility With Coinbase to $130M
- Hut 8 has doubled its Bitcoin-backed credit facility with Coinbase to $130 million, introducing enhanced terms for improved capital efficiency.
- The revised credit agreement provides up to $65 million in additional non-dilutive capital, allowing for growth opportunities without issuing new equity.
- The structure has transitioned from a floating interest rate to a fixed 9.0% rate, reducing Hut 8's cost of capital.
- The agreement includes improved collateral protections like limited recourse and a no-rehypothecation clause.
- Hut 8's CEO, Asher Genoot, emphasized the company's focus on non-dilutive financing and disciplined capital deployment.
- CFO Sean Glennan highlighted that the facility strengthens its strategic value with enhanced borrower protections.
- Matt Boyd from Coinbase mentioned a commitment to capital efficiency and responsible scaling within the digital infrastructure space.
- The move allows Hut 8 to pursue growth while maintaining financial discipline in response to increased institutional interest in crypto-backed lending.
- The news was reported by Coindoo.
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Coindoo
2w
222
Image Credit: Coindoo
Bitcoin Mining Profitability Jumps 18% in May
- Bitcoin mining profitability surged by 18% in May, driven by increasing investor interest in inflation-resistant assets like gold.
- The network hashrate, reflecting Bitcoin's blockchain security, saw a slight increase, indicating moderate competition for miners amidst the price rally.
- North American mining companies collectively produced 3,754 BTC in May, with Jefferies reporting a growth in their share of the total network hashrate.
- MARA Holdings led in BTC mined with 950 BTC, followed by CleanSpark with 694 BTC, showcasing aggressive expansion strategies in the sector.
- With Bitcoin's price exceeding $105,000, miners are well-positioned to benefit from the favorable market conditions and increased interest in hard assets.
- Investors are turning to Bitcoin and gold amid concerns over expanding fiscal deficits, mirroring the rally seen in both assets.
- The profitability boost comes as global economic uncertainty drives capital towards assets perceived as safe stores of value.
- The rise in mining profitability highlights the resilience of the Bitcoin network and its attractiveness to miners despite market fluctuations.
- The increase in North American miners' output and hashrate share signals ongoing regional growth and competitiveness in the mining sector.
- Analysts suggest that Bitcoin's price surge is supported by similar trends seen in the gold market, bolstering the appeal of both assets as hedges against inflation.
- The growth in Bitcoin mining profitability underscores the sector's ability to adapt and thrive in changing market conditions.
- Amid rising global macroeconomic uncertainty, Bitcoin mining firms are strategically expanding their operations to capitalize on the current market dynamics.
- The post on Coindoo highlights the latest developments in Bitcoin mining profitability and its alignment with broader economic trends.
- Investors are increasingly seeking assets like Bitcoin and gold as inflation hedges amidst economic instability.
- The jump in mining profitability signifies the sector's resilience and capacity to navigate market shifts effectively.
- The rise in North American miners' production and network share underscores the region's growing influence in the global Bitcoin mining landscape.
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Coinjournal
2w
8
Image Credit: Coinjournal
SUI price sees 15% gain, but are bulls out of the woods yet?
- SUI price surged 15% to $2.91, rebounding from a weekly low of $2.29.
- The gains align with a broader crypto market recovery driven by improved investor sentiment and easing geopolitical tensions.
- SUI could break above $3 and potentially eye a new peak, or dip to support near $2.
- The SUI token surged more than 15% in the past 24 hours, reaching highs of $2.91 due to improved crypto market sentiment.
- The recent uptick halts a month-long decline for SUI, sparking optimism among investors.
- Investors question whether the surge indicates a lasting bullish trend or a bull trap.
- SUI price reached an intraday high of $2.91, currently trading around $2.79.
- The cryptocurrency market's positive momentum, driven by reduced geopolitical tensions and Federal Reserve comments, contributed to SUI's gains.
- Partnerships with OKX Wallet, Navi Protocol, and Momentum boosted SUI's price, creating opportunities for the community.
- SUI's surge, despite being down 20% over the month and below its all-time high, reflects a bullish trend amidst bearish conditions.
- Technical analysis indicates SUI's price movement in a descending channel and a descending triangle pattern, suggesting possible bearish influence.
- Key hurdles for SUI are seen at $3.50 and $4.13, with the potential for significant gains if surpassed.
- On the downside, failure to maintain momentum could lead SUI to retreat to $2.43 support or lower levels.
- The 15% surge in SUI's price showcases a broader market recovery and renewed interest in the SUI ecosystem.
- The uncertainty persists for SUI's trajectory, with critical resistance levels ahead and the looming threat of bearish pressure.
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Bitcoinmagazine
2w
431
Lightning Labs Releases Taproot Assets v0.6 With Updates to Stablecoin Support On Bitcoin
- Lightning Labs has released Taproot Assets v0.6, an update to the multi-asset Lightning protocol on Bitcoin mainnet.
- The update enhances stablecoin support on the Bitcoin Lightning Network, allowing for improved minting, sending, and receiving of stablecoins.
- The release simplifies asset issuance and usage by introducing the 'group_key' identifier for assets, enabling interchangeability among tranches of the same asset.
- Changes to the Request for Quote (RFQ) protocol now allow users to agree on time-limited price quotes with edge nodes using the BOLT 11 invoice format.
- Recipients can now use up to 20 inbound Taproot Assets channels for payments, increasing routing options and supporting larger transactions.
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Coinjournal
2w
418
Image Credit: Coinjournal
Hardware wallet maker Ledger unveils a physical recovery key
- Ledger has launched an offline Recovery Key for Flex and Stax wallets.
- The recovery key requires no cloud, ID, or internet to recover wallet access.
- Recovery Key complements 24-word phrases and Ledger Recover rather than replacing them.
- The Ledger Recovery Key is an offline physical backup solution for Ledger's newer devices, emphasizing user control, simplicity, and security.
- It serves as a physical spare key enabling wallet access restoration through NFC channels with Ledger Flex and Stax.
- Unlike Ledger Recover, the Recovery Key doesn't require personal data or internet connection, enhancing privacy and security for crypto holders.
- Users can create multiple spare keys, offering customized backup strategies based on their risk profiles.
- Ledger has made the Recovery Key's application code open-source on GitHub and subjected it to internal and external security testing.
- The introduction of the Recovery Key aims to cater to users seeking privacy-focused and managed recovery solutions, alongside Ledger Recover.
- Ledger provides users with a choice between the physical key and the managed service for backup based on their preferences and needs.
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Coindoo
2w
379
Image Credit: Coindoo
SEC Delays Decision on 21Shares’ Spot Polkadot ETF Application
- The SEC has delayed the decision on 21Shares' Spot Polkadot ETF application.
- The application aims to offer U.S. investors direct exposure to Polkadot's native token, DOT, through a regulated investment vehicle.
- Analysts believe the delay is procedural and estimate a 90% chance of approval by the November 8 deadline.
- Delays in ETF approval, especially for crypto-related products, are common.
- The 21Shares Polkadot ETF would track DOT's price using the CME CF Polkadot-Dollar Reference Rate.
- This benchmark aggregates pricing data from top DOT trading venues for a reliable valuation standard.
- If approved, the ETF would offer secure, regulated access to DOT through direct token custody.
- Investors would no longer need self-managed wallets or trade on unregulated platforms.
- The ETF structure aims to simplify exposure for both institutional and retail investors.
- The SEC's decision will be significant as it could indicate regulatory sentiment toward altcoin-based spot ETFs.
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Coindoo
2w
392
Image Credit: Coindoo
Bitcoin Is Back Above $106K After 5% Gains: What’s Driving the Surge?
- Bitcoin has surpassed $106,000 following a 5% gain driven by two key developments.
- Texas recently allocated $10 million in BTC, marking the first state-funded Bitcoin reserve.
- ProCap announced a $1 billion BTC acquisition strategy inspired by MicroStrategy's approach, supported by a Nasdaq SPAC merger.
- The actions by Texas and ProCap underscore increasing acceptance of Bitcoin as a treasury asset on political and corporate levels.
- The 14-day Relative Strength Index (RSI) currently stands at 51.99, indicating neutral momentum and potential for further gains.
- The Crypto Fear & Greed Index rose from 37 to 47 within 24 hours, reflecting improved market sentiment related to easing global tensions.
- Bitcoin dominance remains stable at 64.35%, suggesting sustained capital inflow into BTC rather than altcoins during periods of institutional activity.
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Coindoo
2w
196
Image Credit: Coindoo
Bitcoin ‘Death’ Calls Are Vanishing — Could a Bull Run Be Next?
- Bitcoin 'death calls' have historically coincided with market turning points.
- Peak of 'Bitcoin is Dead' headlines was in December 2017, declining since.
- Recent reemergence of death calls suggests potential market inflection.
- Analysts note spikes in death calls at emotional market extremes.
- BTC seen as a maturing asset with reduced criticism, growing legitimacy.
- Reduced skepticism indicates Bitcoin's evolution towards monetary legitimacy.
- Bitcoin's role as a contender for global store-of-value status is growing.
- Despite price volatility, Bitcoin's staying power is increasingly recognized.
- Eulogies for Bitcoin actually tend to mark beginnings rather than endings.
- Current rise in death call activity could signal a forthcoming bull run.
- Market action remains muted despite modest increase in death call activity.
- Bitcoin may face criticism, but its resilience hints at potential for growth.
- BTC's market behavior has been slow and sideways, not indicative of a true rally.
- Investor capitulation suggested by death calls could precede a larger breakout.
- Bitcoin's fading criticism reflects its increasing role in global financial system.
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Coindoo
2w
226
Image Credit: Coindoo
BlockDAG’s $0.0020 Special Price Offer Could Be a Hidden 25x Opportunity! Solana Holds at $145 & Tron Slows Down
- Solana (SOL) struggles below $160 due to heavy resistance, while Tron (TRX) stays cautious despite rising address activity.
- BlockDAG (BDAG) sees rapid acceleration with a price increase from $0.0018 to $0.0020, aiming for $0.0030 by June 24.
- BlockDAG stands out with structured pricing and upcoming partnerships, expecting a significant price surge.
- Current $0.0020 price offer for BlockDAG is set to increase to $0.0030 after June 24, with major partnerships and exchange listings.
- Solana's value remains stagnant at $145, facing strong resistance levels and lacking significant price movements.
- Tron (TRX) maintains stability between $0.26 to $0.31, supported by consistent wallet activity and heavy transaction volume.
- Despite positive developments, Tron struggles to surpass $0.30, with long positions getting liquidated.
- Solana anticipates a potential rally if it breaks the $154 resistance, while Tron shows optimism with ongoing on-chain strength.
- BlockDAG emerges as a top pick with rapid growth and structured price targets, making it a promising investment in the crypto market.
- BlockDAG's strategic growth approach and impending partnerships position it as one of the best coins to buy this month.
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