The crypto market is constantly evolving, with new opportunities emerging for savvy investors. As the bull run of 2024 picks up pace, select cryptocurrencies priced below $1 are gaining attention. These tokens offer potential for growth and present an accessible entry point for those looking to diversify their portfolio or step into the burgeoning market. This article highlights five such cryptocurrencies poised for attention in May, each with unique features that could make them stand out in this competitive space.
BlastUP Presale Hits $6 Million, Investors Hurry to Buy $BLP Before May Ends
The ongoing BlastUP presale is close to completion, as it has already passed the important threshold: over $6 million have been raised so far. More than 15,000 savvy investors have already bought BlastUP tokens before their value skyrockets.
The presale runs until the end of May, so there is some time to boost your crypto holdings with BlastUP, the asset poised for explosive returns of up to 1000%. Currently sold at a few US cents, BlastUP tokens are projected to reach $10 by the end of this year.
Holders of BlastUP tokens may benefit from a number of privileges including participation in an Airdrop , exclusive loyalty rewards for participating in IDOs, and the ability to earn interest through staking.
BlastUP stands out from the crowd in the crypto world. Backed by Blast, the sixth largest blockchain by TVL, it offers genuine utility as a launchpad for DApp ventures. With its motto Grow faster, earn more, BlastUP is dedicated to propelling the success of blockchain startups. Those who join BlastUP now become part of a project poised to become the next big thing in this bull run.
>> Time is Ticking – Buy $BLP Before May Ends! <<
Understanding Polygon (MATIC) Market Movements
The current price of Polygon (MATIC) is moving within a range of $0.63 to $0.74. Over the past week, it has dropped by 1.01%. It also decreased by 3.24% in the last month, and looking back six months, it fell by 18.70%. This suggests that the price movement is in a corrective phase. The RSI at 72.70 indicates the coin may be overbought. With prices below the first resistance of $0.82 and above the nearest support of $0.59, MATIC’s immediate future will likely depend on whether it can maintain its position above this support level.
Ondo Crypto Market Continues Impressive Growth
The Ondo token (ONDO) has shown significant growth over six months, skyrocketing by 2716.63%, with its price moving between $0.73 and $0.87 recently. Despite a 1 Week Price Change increase of 6.23%, it faced a dip of 6.41% over the past month. Currently, Ondo is trading close to its 10-day and 100-day average prices of $0.81 and $0.78, respectively. With a high RSI of 81.58 and Stochastic at 94.06, the coin’s price appears to be in an impulsive move, suggesting strong buying activity. If Ondo can overcome the nearest resistance at $0.95, the next target lies at $1.09, while support levels are at $0.68 and $0.54, respectively.
XRP Price Movement Analysis and Predictions
The XRP coin is trading between $0.47 and $0.55. In the last week, its price fell slightly by 1.09%. However, over the past month, it rose by 3.30%. Comparing now to six months ago, it’s down by 15.09%. The coin faces its next resistance at $0.60 and has support at $0.44. Its price moves are currently showing rapid increases, which could mean it’s in an impulsive phase. With a high RSI of 76.77 and Stochastic at 95.60, caution is advised as these levels often suggest the coin might be overbought. The MACD is positive, hinting at potential further growth.
Conclusion
The cryptocurrencies under $1 worth keeping an eye on in May include MATIC, ONDO, and XRP, though these may offer limited short-term gains. However, BlastUP stands out with the most significant potential. This project is attractive due to its innovative concept and its integration within the well-established Blast ecosystem. Investors looking for promising opportunities might find BlastUP particularly interesting.
Site: https://blastup.io/
Twitter: https://twitter.com/Blastup_io
Discord: https://discord.gg/5Kc3nDhqVW
Telegram: https://t.me/blastup_io
In a confidential report by the United Nations (UN), it was revealed that North Korean entities, particularly the Lazarus Group, utilized the cryptocurrency privacy tool Tornado Cash to launder approximately $150 million in stolen cryptocurrency assets.
The report, which was accessed by Reuters, highlights a significant breach involving dormant crypto assets linked to the group, traced back to North Korea in March 2023.
The illicit activity commenced when North Korean hackers infiltrated HTX, a cryptocurrency exchange owned by Tron founder Justin Sun, extracting $147.5 million in cryptocurrencies.
This amount was covertly transferred into North Korea over the course of a year using Tornado Cash, a service that anonymizes crypto transactions making them untraceable and is popular among cybercriminals.
The Reuters coverage also pointed out ongoing investigations by the UN into 97 cyberattacks orchestrated by North Korea between 2017 and 2024, which altogether siphoned around $3.6 billion in cryptocurrencies.
In 2024 alone, these investigations have so far included 11 cryptocurrency thefts totaling $54.7 million, allegedly involving North Korean IT workers employed by various small crypto-related companies.
The United States had previously imposed sanctions on Tornado Cash in 2022, accusing it of facilitating North Korea in bypassing international sanctions on cross-border remittances.
Despite these allegations, the founders of Tornado Cash have consistently denied any wrongdoing over the past two years.
The situation escalated when Alexey Pertsev, the developer behind Tornado Cash, was convicted of money laundering charges on May 14, having allegedly laundered $1.2 billion in illicit funds through the platform.
Pertsev was sentenced to five years and four months in prison, with a 14-day period granted to his attorneys for filing an appeal.
This conviction has raised significant concerns about the broader implications for developers of open-source software.
Moreover, on the same day, blockchain analytics firm PeckShield reported that approximately $53 million worth of Ether, stolen from Poloniex during a $100 million hack, was transferred to Tornado Cash.
This incident underscores the prevalent use of Tornado Cash among global cybercriminals.
According to PeckShield, over 17,800 ETH was consolidated from six different wallets into one Tornado Cash address, demonstrating the sophisticated methods employed by hackers to obscure the origins of stolen funds.
To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.
Mastercard has partnered with leading U.S. banks such as Citigroup, Visa, and JPMorgan to explore distributed ledger technology for banking settlements through tokenization.
This initiative, dubbed the Regulated Settlement Network (RSN), aims to unify the settlement processes of diverse financial assets like Treasurys and investment-grade debt on a single platform.
By tokenizing these assets, RSN intends to streamline settlements on a shared ledger, enhancing efficiency across the system.
The testing phase, which follows a 12-week pilot that began in late 2022, originally concentrated on managing cross-border and domestic dollar transactions between banks.
The current focus has shifted to simulating settlements in U.S. dollars, looking to optimize the efficiency of cross-border transactions while minimizing risks like fraud and errors.
READ MORE: Grayscale Halts Four-Month Outflow Streak with Positive Inflows into Bitcoin ETF
Mastercard’s Raj Dhamodharan emphasized the potential of this technology, stating, “application of shared ledger technology to dollar settlements could unlock the next generation of market infrastructures — where programmable settlements are 24/7 and frictionless.”
As part of the ongoing proof-of-concept trials, the RSN has welcomed new participants, including the USDF Consortium directly, and Tassat Group as a contributor.
Consulting firm Deloitte has also joined to provide advisory services, with the Securities Industry and Financial Markets Association serving as the program manager.
In total, ten major banking institutions are involved in this pioneering effort, including Citi, JPMorgan, Mastercard, Swift, TD Bank N.A., U.S. Bank, USDF, Wells Fargo, Visa, and Zions Bancorp.
Additionally, six other entities such as the MITRE Corporation, BNY Mellon, Broadridge, the DTCC, ISDA, and Tassat Group will contribute their specialized knowledge to the project, aiming to reshape how financial transactions and settlements are conducted in the banking sector.
To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.
Shiba Doge Hybrid (SHIDOGE) could turn early investors into multi-millionaires if it becomes a mainstream coin, like Shiba Inu (SHIB) and Dogecoin (DOGE).
Shiba Doge Hybrid (SHIDOGE), a new Solana memecoin that was launched today, is poised to explode over 8,000% in price in the coming days.
This is because SHIDOGE has announced its first centralized exchange listing, which will be on MEXC.
This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up.
Currently, Shiba Doge Hybrid (SHIDOGE) can only be purchased via Solana decentralized exchanges, like Jupiter and Raydium, and early investors stand to make huge returns in the coming days.
Early investors in SHIB and DOGE made astronomical returns, and Shiba Doge Hybrid (SHIDOGE) could become the next viral memecoin.
To buy Shiba Doge Hybrid on Raydium or Jupiter ahead of the MEXC listing, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for SHIDOGE by entering its contract address – 797CmcxqkLZaSjMd7MdyNZ9swuSzaGdYWkJ65jehiXWa – in the receiving field.
In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.
This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like SHIDOGE.
White Pepe (WHPEPE) could turn early investors into multi-millionaires if it becomes a mainstream coin, like Shiba Inu (SHIB) and Dogecoin (DOGE).
White Pepe (WHPEPE), a new Solana memecoin that was launched this week, is poised to explode over 6,800% in price in the coming days.
This is because WHPEPE has announced its first centralized exchange listing, which will be on MEXC.
This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up.
Currently, White Pepe can only be purchased via Solana decentralized exchanges, like Jupiter and Raydium, and early investors stand to make huge returns in the coming days.
Early investors in SHIB and DOGE made astronomical returns, and White Pepe could become the next viral memecoin.
To buy White Pepe on Raydium or Jupiter ahead of the MEXC listing, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for White Pepe by entering its contract address – 58kSp6Sn8P42EdRDgud75YcvkRLnCpMxPb7MqCRHkUeG – in the receiving field.
In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.
This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like WHPEPE.
White Pepe (WHPEPE) could turn early investors into multi-millionaires if it becomes a mainstream coin, like Shiba Inu (SHIB) and Dogecoin (DOGE).
White Pepe (WHPEPE), a new Solana memecoin that was launched this week, is poised to explode over 6,800% in price in the coming days.
This is because WHPEPE has announced its first centralized exchange listing, which will be on MEXC.
This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up.
Currently, White Pepe can only be purchased via Solana decentralized exchanges, like Jupiter and Raydium, and early investors stand to make huge returns in the coming days.
Early investors in SHIB and DOGE made astronomical returns, and White Pepe could become the next viral memecoin.
To buy White Pepe on Raydium or Jupiter ahead of the MEXC listing, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for White Pepe by entering its contract address – 58kSp6Sn8P42EdRDgud75YcvkRLnCpMxPb7MqCRHkUeG – in the receiving field.
In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.
This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like WHPEPE.
Blockchain-based adtech firm Verasity has announced a new partnership with the well-known web3 gaming platform Creo Engine according to a recent press release. The collaboration is set to include VeraView’s video player features and in-game rewards in Creo Play’s vast library of gaming content and selection of game titles.
Known for its fast expansion and goal of becoming the backbone of the financial empowerment and digital entertainment ecosystem in Asia, Creo Engine uses blockchain technology to establish web3 gaming systems in the region. Earlier this year, the platform received a public pledge of support from the Chairman of the Indonesia People’s Consultative Assembly and the Vice Chairman of the prominent Indonesian Golkar political party.
The platform also offers users and creators the chance to earn incentives while playing games, promoting financial well-being in mobile gaming and giving developers a safe platform.
Principally, Creo Play is a dedicated platform within the Creo Engine ecosystem. It enables the easy integration of games and digital products from multiple developers and fosters a single metaverse with true interoperability. Creo Play’s infrastructure hosts a wide range of global web3 games, making integration easier for developers.
With more than 30 web3-based games currently using Creo Engine, some with hundreds of thousands of active users daily, Verasity’s Rewarded Video technology integration offers immense potential.
Based on the partnership, players can access content, tournaments, and replays from their favorite games in a stand-alone video section inside the Creo Play App.
The partnership between the two companies also offers Creo Play a new revenue stream through very targeted contextual ads supplied by VeraViews’ ad server, which connects with major ad networks, including Google, Amazon Ads, and Pubmatic. Parallel to this, the partnership allows Verasity to increase the number of people using its VeraViews video player.
As RJ Mark, CEO and Founder of Verasity comments on the collaboration, “this is the first of many web3 gaming partnerships that will advance adoption of the VeraViews video player in the blockchain space. We will now leverage our relationships in the web3 gaming space, such as our membership of Neo Tokyo and the launch of VeraAds, to explore similar opportunities in the near future.”
Verasity and Creo Engine will work together in the following months to create a unique video environment for the highlights of Creo Play games and assess the viability of adding Watch & Earn capabilities to Creo Play games.
Notably, this collaboration is consistent with Verasity’s strategic focus on web3 gaming projects, as evidenced by the launch of VeraAds in late 2023—a service designed to give blockchain brands access to VeraView’s advertising suite—and their participation in the Neo Tokyo community, which influential figure Alex Becker founded to connect pioneering brands in crypto gaming.
Hong Kong’s financial regulator, the Securities and Futures Commission (SFC), recently greenlit the debut of spot Bitcoin (BTC) and Ether exchange-traded funds (ETFs), scheduled to commence trading on April 30, as per a Cointelegraph report.
The approved ETFs, spearheaded by China Asset Management (ChinaAMC), are poised to offer investors, both retail and institutional, a regulated avenue for delving into the world of digital assets.
Thomas Zhu, head of digital assets and family office business at ChinaAMC, emphasized the allure of these ETFs, stating, “The in-kind feature also attracts coin holders by offering the ease of converting coins to fully regulated ETFs managed by professional fund managers and regulated custodians.”
Hong Kong’s approach stands in contrast to the cash-centric model seen in the United States, with a focus on in-kind creation models that facilitate the generation of new ETF shares through BTC and ETH.
Rebecca Sin, an ETF analyst at Bloomberg, highlighted the significance of this strategy, noting, “Hong Kong is aiming for in-kind creation of the ETF, unlike the US, where the transaction is cash only — in the US, it’s cash in, Bitcoin ETF out, while Hong Kong aims for Bitcoin in, ETF out.”
READ MORE: DAO Maker Faces Backlash Over Unfulfilled Compensation Promises Following $7M Hack
Anticipation surrounds the potential for a fee competition among ETF issuers in Hong Kong, with James Seyffart, another Bloomberg ETF analyst, suggesting, “A potential fee war could break out in Hong Kong over these Bitcoin and Ethereum ETFs.”
Harvest, in particular, is set to shake things up with a full fee waiver and a meager fee of 0.3% after the waiver.
Eric Balchunas, a senior ETF analyst at Bloomberg, expressed optimism regarding the lower-than-expected fees for the initial ETFs, deeming it a promising indicator.
He observed, “Fees are 30bps, 60bps, and 99bps which is on average lower than we thought, good sign.”
The impending debut of these ETFs in Hong Kong not only marks a milestone in the region’s financial landscape but also signals a significant step forward in the mainstream adoption of cryptocurrencies within a regulated framework.
To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.
Uniswap Labs, the entity behind the widely utilized decentralized cryptocurrency exchange Uniswap, received a Wells notice on April 10.
This notice, issued by the United States Securities and Exchange Commission (SEC), serves as a precursor to a potential enforcement action against the company.
The SEC’s purported investigation into Uniswap reportedly centers on the platform’s marketing strategies and investor services.
This regulatory scrutiny prompts reflections on the legal implications of open-source development and the classification of code as a form of free speech.
While the SEC targets Uniswap, some argue that the jurisdictional boundaries of the commission do not extend to entities like Uniswap Labs, which disseminate open-source software for decentralized platforms.
This raises pertinent questions: Can Uniswap Labs be held accountable for activities within a decentralized and permissionless market? Moreover, does the act of publishing code enjoy protections under free speech laws?
The issue of developer liability regarding open-source code has already undergone legal scrutiny.
In 2022, Uniswap Labs faced a class-action lawsuit where plaintiffs held the organization responsible for losses incurred due to scam tokens traded on the Uniswap platform.
However, the court ruled in favor of the developers, asserting that creators of computer code cannot be held liable for the misuse of their platform by third parties.
READ MORE: $60 Million in Tether Issued on The Open Network (TON) in First Days
Nevertheless, recent cases, such as the prosecution of developers associated with Tornado Cash, highlight the potential legal risks faced by blockchain developers.
Concerns about regulatory compliance and avoiding prosecution have prompted discussions within the industry regarding the immutability of smart contracts.
Peter Van Valkenburgh, from Coin Center, advocates for the creation of immutable smart contracts to shield developers from legal liabilities.
Conversely, others argue that mutable code may provide developers with better defense mechanisms and facilitate regulatory compliance.
Despite differing opinions on the technical and legal aspects, the intentions of developers play a crucial role in assessing liability.
However, determining intent is subjective and may not offer a foolproof defense against legal persecution.
As uncertainties persist regarding the nature of SEC action against Uniswap Labs, the broader implications on developer activities and regulatory environments remain subjects of intense debate.
While some express concerns about potential chilling effects on innovation, others maintain optimism about the resilience and allure of blockchain technology.
To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.
In a recent update that boosts optimism among affected users, the trustee of the hacked cryptocurrency exchange Mt. Gox has provided crucial information regarding the repayment process for the lost funds.
Users on the Mt. Gox insolvency subreddit began reporting in mid-April that their claims accounts had been updated.
These updates included details on the amounts of Bitcoin, Bitcoin Cash, and fiat currencies slated for repayment.
This has led many to anticipate imminent cryptocurrency reimbursements.
A creditor shared a screenshot on the subreddit that displayed a new table in their Mt. Gox account.
This table indicated various entries such as the status of repayments, the amounts that have been paid, and those still pending.
Further reinforcing these updates, multiple creditors have confirmed receiving fiat payments directly into their bank accounts.
One user detailed their experience on April 22, stating, “Money received as USD into an HSBC currency account and looks like zero fees,” highlighting the efficient processing of their repayment more than a month after initial updates were noted on their account.
They explained the timeline of updates: “Table had been updated March 15 first then April 8 second then April 18 when BTC lines arrived.”
These developments have been positively received within the community, with one creditor discussing the significance with Cointelegraph: “The latest additions of Bitcoin on the accounts in the Mt. Gox rehabilitation claims system is a major move for Mt. Gox creditors signaling disbursement of crypto or fiat will happen,” they noted.
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They further compared it to previous disbursements, recalling, “In comparison, last December Japanese claimants received notes on their page and within two weeks they saw fiat in their accounts via PayPal and private banks,” adding hopefully, “Let’s hope the crypto remittance echoes that of its fiat predecessor.”
Mt. Gox was established in 2010 and quickly ascended to become the world’s leading Bitcoin exchange, handling about 70% of all Bitcoin transactions until its collapse in 2014 due to a massive security breach that resulted in the loss of 850,000 BTC.
The exchange, now inoperative, is slated to reimburse its creditors with significant assets: 142,000 Bitcoin, 143,000 Bitcoin Cash, and 69 billion Japanese yen (approximately $510 million), with all repayments expected to be completed by October 2024.
This positive momentum follows the completion of identity verifications in January 2024, allowing the trustee to prepare the repayments through various established platforms such as Bitstamp, Kraken, Bitbank, BitGo, and SBI VC Trade.
To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.