Black Donald Trump (BLATRUMP) could become a viral memecoin, like Shiba Inu (SHIB) and Dogecoin (DOGE).
Black Donald Trump (BLATRUMP), a Solana memecoin that was launched yesterday, is aiming to challenge other memecoin giants, such as Shiba Inu (SHIB) and Dogecoin (DOGE).
Early investors in SHIB and DOGE made astronomical returns, and Black Donald Trump presents a similar opportunity.
BLATRUMP rallied over 600% in the first few hours after its launch, before consolidating as some early buyers cashed out their profits.
However, most investors are still holding their tokens, as they are waiting for BLATRUMP to be listed on ByBit later this week, as this listing will cause the coin’s price to skyrocket.
Its current price presents a great opportunity for new investors to buy the dip before the next rally.
BLATRUMP has a market cap below $30,000 at the moment, meaning that when it just reaches a modest market cap of around $500,000-$1,000,000, early investors would generate returns of 2,000%-3,000% in a matter of days or hours.
The exciting memecoin is poised to rally another 12,000% in the coming two days, and Black Donald Trump (BLATRUMP) could potentially reach a multi-million dollar market cap within a few weeks.
Currently, BLATRUMP can only be purchased via Solana decentralized exchanges, like Jupiter and Raydium, and early investors stand to make huge returns in the coming days.
To buy Black Donald Trump (BLATRUMP) on these platforms, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for BLATRUMP by entering its contract address – 29BiHVTBEo7RnbtwqwTmV3Hy6nDTadcCgopM6HUyjGRK – 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 BLATRUMP.
Black Donald Trump (BLATRUMP) could become a viral memecoin, like Shiba Inu (SHIB) and Dogecoin (DOGE).
Black Donald Trump (BLATRUMP), a Solana memecoin that was launched yesterday, is aiming to challenge other memecoin giants, such as Shiba Inu (SHIB) and Dogecoin (DOGE).
Early investors in SHIB and DOGE made astronomical returns, and Black Donald Trump presents a similar opportunity.
BLATRUMP rallied over 600% in the first few hours after its launch, before consolidating as some early buyers cashed out their profits.
However, most investors are still holding their tokens, as they are waiting for BLATRUMP to be listed on ByBit later this week, as this listing will cause the coin’s price to skyrocket.
Its current price presents a great opportunity for new investors to buy the dip before the next rally.
BLATRUMP has a market cap below $30,000 at the moment, meaning that when it just reaches a modest market cap of around $500,000-$1,000,000, early investors would generate returns of 2,000%-3,000% in a matter of days or hours.
The exciting memecoin is poised to rally another 12,000% in the coming two days, and Black Donald Trump (BLATRUMP) could potentially reach a multi-million dollar market cap within a few weeks.
Currently, BLATRUMP can only be purchased via Solana decentralized exchanges, like Jupiter and Raydium, and early investors stand to make huge returns in the coming days.
To buy Black Donald Trump (BLATRUMP) on these platforms, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for BLATRUMP by entering its contract address – 29BiHVTBEo7RnbtwqwTmV3Hy6nDTadcCgopM6HUyjGRK – 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 BLATRUMP.
The Grayscale Bitcoin Trust (GBTC), a spot Bitcoin exchange-traded fund (ETF), experienced a brief resurgence in investment inflows in early May, following a substantial period of financial hemorrhaging since its inception.
Despite this, the fund quickly reverted to outflows within just a few days, reflecting its ongoing struggles in the highly volatile cryptocurrency market.
GBTC debuted on January 11 and suffered consistent outflows for 78 consecutive days, resulting in a total loss of over $17.5 billion.
A temporary reversal occurred in early May, with inflows recorded on May 3 and May 6, totaling $63 million and $3.9 million respectively.
This influx of investment briefly suggested a potential stabilization or renewed investor interest in the fund.
However, this trend did not sustain. By May 7 and May 9, GBTC reported outflows of $28.6 million and $43.4 million respectively, effectively negating the gains made in the previous days.
This pattern of rapid reversal is indicative of the challenges faced by GBTC, marking it as the only spot Bitcoin ETF issuer to report outflows during that period while other funds under the United States Securities and Exchange Commission (SEC) saw positive or neutral investment flows.
In contrast, other Bitcoin ETFs have fared significantly better.
For instance, BlackRock’s iShares Bitcoin Trust attracted substantial investment, totaling nearly $15.5 billion.
READ MORE: Starknet Foundation Launches $5 Million Seed Grants Program to Boost Final-Stage Blockchain Projects
Other notable funds include Fidelity’s Wise Origin Bitcoin Fund, Bitwise Bitcoin ETF, and Cathie Wood’s ARK 21Shares Bitcoin ETF, which reported net inflows of $8.1 billion, $1.7 billion, and $2.2 billion respectively.
Despite these fluctuations, the average daily loss for the Grayscale Bitcoin Trust since its launch stands at a stark $211 million.
Nonetheless, the overall Bitcoin ETF market in the U.S. has maintained a positive net balance of $11.7 billion due to robust inflows into other funds.
Adding insight into the investor demographics, Jan VanEck, CEO of VanEck, commented during the Paris Blockchain Week in April that “You’ve had some Bitcoin whales and some other institutions move some assets in, but they were already exposed to BITCOIN.”
He further noted the predominant retail investor contribution, which accounts for 90% of Bitcoin ETF inflows.
Despite this, there is an anticipation for significant institutional investments from banks and traditional firms as projected around May.
To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.
Binance, the global cryptocurrency exchange, has recently received approval from the Financial Intelligence Unit (FIU) in India, allowing it to offer services in the country.
This development positions Binance as the second offshore crypto exchange to receive such regulatory approval, following KuCoin.
In a CoinDesk report, FIU head Vivek Agarwal stated, “Binance is now a registered entity.”
The approval comes after Binance, along with KuCoin and other major exchanges like Huobi, Kraken, Gate.io, Bittrex, Bitstamp, MEXC Global, and Bitfinex, were issued non-compliance notices by Indian authorities in December 2023.
The Indian Finance Ministry had subsequently directed its IT department to block access to these platforms in mid-January 2024.
These regulatory challenges prompted several exchanges to seek compliance with FIU requirements to continue operating in India.
While KuCoin and Binance successfully navigated the regulatory landscape to reinstate their services, others such as OKX and BitStamp opted to cease operations within the country.
READ MORE: Australia’s Tax Office Targets 1.2 Million Crypto Users in Compliance Crackdown
In response to India’s stringent tax laws on cryptocurrency—comprising a 30% tax on gains and a 1% tax deduction at source on each transaction—many Indian investors turned to foreign exchanges like Binance. At its height, Binance handled 90% of crypto trading volume from India.
The Indian market’s heavy tax burden led to a significant migration of crypto traders and businesses to more favorable regulatory environments abroad.
Consequently, the remaining crypto exchanges in India faced difficulties in building trust with investors, further hampered by the absence of robust banking solutions.
Despite these challenges, India remains a key market for major cryptocurrency exchanges.
However, the regulatory uncertainty and stringent tax measures have cooled its appeal on the global crypto stage.
As of the latest updates, Cointelegraph has reached out to both Binance and FIU for comments but has not received any response yet.
To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.
Early investors in memecoins like Shiba Inu (SHIB), Bonk (BONK) and Dogecoin (DOGE) made astronomical returns, and King Mark Cuban (KINGCUBA) presents a similar opportunity for a limited time.
King Mark Cuban (KINGCUBA), a newly launched Solana memecoin, is poised to explode over 16,000% in a matter of days, as former Shiba Inu (SHIB), Bonk (BONK) and Dogecoin (DOGE) investors pour funds into this new token.
KINGCUBA will be listed on ByBit, one of the largest centralized exchanges in the world, within a few days – and this is a massively bullish development for the token, as millions of new investors will easily be able to buy King Mark Cuban.
Currently, King Mark Cuban can only be purchased via Solana decentralized exchanges, like Jupiter and Raydium, and early investors stand to make huge returns in the coming days.
To buy KINGCUBA on these platforms, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for King Mark Cuban by entering its contract address – B8V4DqTWPUjY3TkPtUp14MUvcdNToT65JDpMtUDGL8Vz – in the receiving field.
KINGCUBA currently has a market cap of just under $13,000, with over $4,000 in locked liquidity, meaning it has huge upside potential.
Early investors could make returns similar to those who invested in Shiba Inu (SHIB), Dogecoin (DOGE) and Bonk (BONK) 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.
Billionaire investor Mark Cuban recently voiced strong opinions about the need for clearer regulatory frameworks within the cryptocurrency industry in the United States, urging the Commodity Futures Trading Commission (CFTC) to oversee all crypto-related activities.
In a post directed to his 8.8 million followers on X on May 10, Cuban emphasized the urgency of legislative action prior to the 2024 presidential election, suggesting that it could influence the re-election of President Joe Biden.
Cuban stated, “You could solve this problem for Biden by passing legislation that defines registration that is specific to the crypto industry just as other industries have registration that is defined for them.”
His comments reflect a broader concern within the crypto community about the need for tailored regulatory measures that can foster both innovation and consumer protection.
Highlighting the potential political repercussions of regulatory decisions, Cuban pointedly mentioned Gary Gensler, the Chair of the Securities and Exchange Commission (SEC), known for his stringent stance on cryptocurrencies.
Cuban argued that Gensler’s approach could alienate crypto voters, implying that this could be a decisive factor in the upcoming election.
“If Joe Biden loses, there is a good chance you will be able to thank Gary Gensler and the New York SEC,” Cuban said, suggesting that a more crypto-friendly regulatory approach could be more advantageous.
He proposed a more effective alternative, advocating for the CFTC to take charge of all crypto regulations.
This idea aligns with the growing consensus among younger and independent voters who perceive crypto as a significant part of their financial interaction and are critical of the SEC’s handling under Gensler’s leadership.
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Cuban harshly criticized Gensler’s record, saying, “Crypto is a mainstay with younger and independent voters. Gensler HAS NOT PROTECTED A SINGLE INVESTOR AGAINST FRAUD.”
Data from litigation consulting firm Cornerstone Research indicates that the SEC undertook 46 enforcement actions against crypto firms in 2023 alone, underscoring the aggressive regulatory landscape.
Meanwhile, Rostin Behnam, Chair of the CFTC, anticipates another wave of enforcement within the next six to 18 months, hinting at ongoing challenges for the sector.
The discourse around cryptocurrency regulation is poised to be a significant issue in the 2024 U.S. election.
A recent poll reported by Cointelegraph on May 7, conducted among 1,201 registered voters, found that over two-thirds resonate with the sentiment that “crypto is for people like them, and more equitable than the financial system.”
This unfolding narrative captures the complex interplay between politics, regulatory actions, and the vibrant dynamics of the cryptocurrency market, reflecting a critical juncture in the regulatory oversight of digital assets in the U.S.
To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.
Countless tokens appear in the crypto world nowadays. However, only some cryptocurrencies effectively combine earning opportunities and strategic vision for strengthening a token from the inside. Such projects build long-term prospects for token utilities and have a loyal community of holders.
The BFG token can be classified as one of these tokens. It has taken on these qualities and shown clear tokenomics, aligning with the idea of sharing revenue with users in both the project and the token.
This article will reveal the primary BFG utilities, exclusive benefits for its holders, and token price prediction. We will also share how the BetFury project allocates 100% of its revenue to sustain the BFG token.
What is a BFG Token?
BFG is a native token of the BetFury ecosystem, launched on a BSC Chain (BEP-20) in June 2021. It has over 67,000 holders who use BFG for trading, gaming, sports betting, getting passive income from staking, etc. More about BFG: https://betfury.com/about-bfg.
BFG has become integral to the BetFury project, constantly moving towards new achievements. It plays a vital role in the ecosystem and rises in market value due to the robust deflationary strategy. One of the fundamental points of this strategy is the direction of GGR (Gross Gaming Revenue) to the BFG Staking pool, the main crypto utility.
Do you know other projects that spend 100% of the team’s revenue to support the native token? Moreover, BetFury seasons it with permanent BFG buybacks that positively affect the BFG price. Therefore, having stable revenue, the platform spends it on token development and its long-term perspective.
History Behind BFG Growth
The BFG token was launched to distribute the platform revenue and passive income to its owners. Gradually, as the project scaled, the number of collaborations increased, providing additional utilities for the BFG token, including exchange options and additional income opportunities for users.
Tokens were mined by playing in a one-to-one ratio for the user and team. After the end of BFG mining in June 2023, the total supply amounted to 5 billion tokens. Simultaneously with the mining process, the primary utility of the BFG token was launched – revenue share. Users who became BFG holders began to participate in this distribution mechanism. After listing on top exchanges like PancakeSwap, BFG increased its liquidity and market circulation, taking a well-deserved place among the most popular tokens in the crypto-iGaming niche.
Strategic BFG Deflationary Mechanism
After the end of BFG mining, BetFury took on the most critical mission – escalating the value of BFG. Stable and healthy tokenomics allowed the team to create a new deflationary strategy to accomplish this task. The new deflationary mechanism involves repurchasing tokens from the market using the BetFury team’s revenue.
BFG Buyback & Burn Mechanism
The team uses funds from the platform’s revenue streams to buy back BFG tokens from the market and conduct a monthly BFG token burn, reducing the circulating supply. These revenue streams include:
- crypto staking penalty fee;
- crypto swap fee;
- borrowing liquidation and fee;
- Futures fee
- staked BFG by the BetFury team;
BFG Buyback & Lock
Each month, BetFury’s team buys back tokens from the circulating supply using funds generated from the mentioned revenue streams and stores them in a dedicated wallet known as the Treasury. Periodically, these repurchased BFG tokens will be distributed as incentives to stBFG/BFG holders and active platform users.
This transparent and innovative deflationary strategy demonstrates that the BetFury team will focus all its efforts on boosting the token and supporting BFG holders.
How to Earn with BFG?
BFG has many utilities that reveal the token’s full range of usefulness.
Staking BFG
It’s the primary tool for passive earning. BetFury offers BFG Staking with an opportunity to double rewards by converting BFG to stBFG (a special native token) with zero fees. It provides up to 70% APY and daily payouts in BTC, ETH, BNB, USDT, and TRX.
According to the mechanism for replenishing the BFG Staking pool, the part of GGR is distributed among BFG and stBFG holders in the BFG Staking pool. This way, the BetFury team can consistently support the pool’s profitability for users by providing a high APY. Additionally, the BetFury team has locked 1 billion BFG tokens for three years, opting not to benefit from the x2 APY but to earn from a regular APY in the BFG Staking pool. Such a lock ensures the team’s serious commitment to token development and its deflationary model.
Trading BFG
Everyone can trade assets on BetFury using Crypto Swap. It’s an internal exchange that provides fast transactions and low fees. Besides, you can trade BFG on top exchanges like Pancake Swap, Biswap, etc.
Holding BFG tokens
By holding a BFG token, you also gain benefits:
- High passive income from BFG staking;
- Access to exclusive features and bonuses on BetFury;
- Potential to get the high-value token thanks to strategic deflation mechanism and smart tokenomics (link);
- Additional huge rewards for all holders are available in different formats.
Playing BFG
BetFury has over 8,000 slots and 20 Original games. Therefore, players can easily place bets and multiply their BFG assets.
Betting BFG in Sports
The platform offers over 80 sports betting options in BFG. Users also can get beneficial bonuses by placing BFG bets.
BFG Bonuses & Events
BetFury has a profitable Welcome Pack with up to a $10,500 Deposit bonus and 225 Free Spins. Moreover, each user can receive pleasant bonuses for activity and participate in various large-scale events with huge rewards:
- Rise your Rank on BetFury to receive up to 25% Cashback in BFG;
- Loot fantastic Rakeback and Weekly & Monthly Bonuses from Rank 1;
- Get the BFG tokens during Coindrop, Rain, etc;
- Choose great Bonus Packs in your Bonus Cabinet;
- Join regular battles, events, and tournaments to multiply BFG;
- Gather Weekly and Monthly Bonuses in BFG based on your wager and lost deposit funds between accrual periods;
- Be an active VIP user to earn BFG regularly;
- Receive a boosted TG Monthly Bonus in BFG after connecting the BetFury Telegram Bot to your account.
The different uses of the BFG token help it stay strong in changing markets, and its strategy of reducing supply makes it more valuable over time.
Is the BFG token secure?
BFG got a CertiK certification on September 17, 2021. This report showed the token’s reliability and security. Moreover, BetFury also received a Curacao gaming license. As a result, the platform gained users’ trust and assured all BFG holders.
BFG Token Price Prediction
According to Coincodex forecasts, the BFG price may increase by 228% and reach $0.0567 by June 6, 2024. Based on historical cycles, the platform also determined the minimum and maximum value of the token for 2025: $0.017284 and $0.081670. The upgraded tokenomics and deflationary strategy can support these positive dynamics. Therefore, such predictions have a good chance of coming true. In any case, remember that the crypto market is very volatile. Experienced traders should keep their finger on the pulse and always conduct their own research.
Conclusion
Ecosystem upgrades are essential for any crypto platform competing for a leading position in the industry. That is why BetFury has updated its tokenomics and introduced a new transparent deflationary model to empower its BFG token. The platform has directed 100% of iGaming revenue to support BFG tokens in the BFG Staking pool, thus granting users favorable conditions and stable APY rewards. The other part of the non-iGaming income will be used for BFG buybacks to fill the Burning and Treasury funds. As an outcome, the BetFury team is committed to fostering a healthy token economy and facilitating the continuous growth of the ecosystem.
Black Donald Trump (BLATRUMP) could become a viral memecoin, like Shiba Inu (SHIB) and Dogecoin (DOGE).
Black Donald Trump (BLATRUMP), a Solana memecoin that was launched yesterday, is aiming to challenge other memecoin giants, such as Shiba Inu (SHIB) and Dogecoin (DOGE).
Early investors in SHIB and DOGE made astronomical returns, and Black Donald Trump presents a similar opportunity.
BLATRUMP rallied over 600% in the first few hours after its launch, before consolidating as some early buyers cashed out their profits.
However, most investors are still holding their tokens, as they are waiting for BLATRUMP to be listed on ByBit later this week, as this listing will cause the coin’s price to skyrocket.
Its current price presents a great opportunity for new investors to buy the dip before the next rally.
BLATRUMP has a market cap below $30,000 at the moment, meaning that when it just reaches a modest market cap of around $500,000-$1,000,000, early investors would generate returns of 2,000%-3,000% in a matter of days or hours.
The exciting memecoin is poised to rally another 12,000% in the coming two days, and Black Donald Trump (BLATRUMP) could potentially reach a multi-million dollar market cap within a few weeks.
Currently, BLATRUMP can only be purchased via Solana decentralized exchanges, like Jupiter and Raydium, and early investors stand to make huge returns in the coming days.
To buy Black Donald Trump (BLATRUMP) on these platforms, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for BLATRUMP by entering its contract address – 29BiHVTBEo7RnbtwqwTmV3Hy6nDTadcCgopM6HUyjGRK – 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 BLATRUMP.
Early investors in memecoins like Shiba Inu (SHIB), Bonk (BONK) and Dogecoin (DOGE) made astronomical returns, and Viral Pepe (PEPEVIR) presents a similar opportunity for a limited time.
Viral Pepe (PEPEVIR), a newly launched Solana memecoin, is poised to explode over 14,000% in a matter of days, as former Shiba Inu (SHIB), Bonk (BONK) and Dogecoin (DOGE) investors pour funds into this new token.
PEPEVIR will be listed on MEXC, one of the largest centralized exchanges in the world, within a few days – and this is a massively bullish development for the token, as millions of new investors will easily be able to buy Viral Pepe.
Currently, Viral 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.
To buy PEPEVIR on these platforms, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Viral Pepe by entering its contract address – AKN68pzqJzSDNfiv7nDFk27ny5TkgKFjmKEozcwYszVq – in the receiving field.
PEPEVIR currently has a market cap of just under $15,000, meaning it has huge upside potential.
Early investors could make returns similar to those who invested in Shiba Inu (SHIB), Dogecoin (DOGE) and Bonk (BONK) 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.
Two months after the highly anticipated Dencun upgrade, Ethereum has seen a shift in its Ether supply dynamics, no longer exhibiting deflationary characteristics.
According to CryptoQuant data, the total supply of Ether grew slightly from 120 million on March 12 to 120.1 million by May 7, marking the first inflationary trend since the Merge transition in September 2022.
The Merge was a significant shift for Ethereum, moving from a proof-of-work to a proof-of-stake consensus model.
This change included a mechanism for burning transaction fees, which initially led to a deflationary supply of Ether.
Since the implementation of the Merge, over 419,713 ETH has been permanently removed from circulation, based on data from ultrasound.money.
The recent Dencun upgrade, however, has reduced the median transaction fees by up to four times, despite maintaining the same level of network activity.
This reduction in fees has resulted in a decrease in the amount of Ether being burned, contributing to the increase in total supply.
READ MORE: U.S. Regulators Increase Scrutiny on Crypto Firms Amid Rising Market Manipulation Concerns
As noted in a CryptoQuant report from May 8, “The Dencun upgrade has made ETH inflationary again, potentially killing the narrative of ‘Ultra sound’ money as a structurally lower amount of transaction fees burned on Ethereum have had the corresponding effect of not decreasing the total supply of ETH to keep it deflationary.”
Ki Young Ju, founder and CEO of CryptoQuant, emphasized on May 9 that the loss of deflationary status is not particularly critical for Ethereum’s broader ecosystem.
He stated in an X post, “Post-Dencun upgrade, ETH lost deflationary status with reduced fees, departing from ‘ultrasound money.’ Ethereum’s strength lies in DApps; it’s wiser not to compare it to Bitcoin’s sound money narrative.”
This development signals a shift in the economic dynamics of Ether but does not undermine the foundational benefits of the Ethereum network, particularly its application in decentralized applications (DApps).
While the narrative of ‘ultra sound’ money may be diminishing, Ethereum’s core utility and innovation in decentralized solutions continue to hold strong.
To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.