In the article about the cryptocurrency market, it’s noted that while Bitcoin remains separate from these predictions, the broader altcoin market might be approaching a pivotal moment.
According to experts, altcoins are expected to find their local bottom in June, potentially marking the beginning of a new bull cycle for these cryptocurrencies.
The analyst Rekt Capital shared insights on X on May 8, stating, “Altcoins are following the plan perfectly. Altcoins bottomed in early February. Altcoins sold off around the BTC Halving.
“Altcoins to bottom early summer.”
This timing coincides with historical trends in the altcoin market, which often sees shifts around these periods.
Despite a rough past month where altcoin market cap (excluding the top ten cryptocurrencies) plummeted over 21% to $265 billion, there is a broader perspective to consider.
Year-to-date, the altcoin market cap has increased by more than 24%, and over the past year, it has surged over 167%.
The correlation between altcoin sentiment and Bitcoin prices is significant, as highlighted by blockchain adviser Alex Onufriychuk from Qubic Labs Accelerator.
He told Cointelegraph, “There is a possibility that they could find their local bottom by June due to the lack of sufficient new liquidity from Bitcoin ETFs in the U.S. and Hong Kong.
This indicates that the consolidation period may be prolonged.”
READ MORE: Australia’s Tax Office Targets 1.2 Million Crypto Users in Compliance Crackdown
Aurelie Barthere, a principal research analyst at Nansen, pointed out that the behavior of Bitcoin is crucial for altcoins to thrive.
“Altcoins are high beta crypto, they are successful when the sentiment is very bullish. Since mid-March, the sentiment among crypto investors is less exuberant.
As BTC price consolidates around the 20-day exponential moving average, there is more volatility in alts.
We need a break above and a clear resumption of BTC uptrend for alts to outperform.”
Furthermore, Alex Onufriychuk added, “Even if altcoins find their local bottom around June, it does not necessarily mean that a bull run will start.
For a significant turnaround, more fundamental changes are required, such as increased retail and institutional investment and favorable regulatory developments, given the scarcity of new liquidity and heavy reliance on institutional reinvestment into newer projects.”
In addition, the broader economic environment might influence altcoin markets.
For instance, the M2 money supply turned positive year-over-year for the first time since November 2023, suggesting that investors may begin seeking hedges against inflation or alternative investments, potentially benefiting altcoins and memecoins and marking the onset of “altszn.”
To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.
Pepe Doge (PEPEDOGE) could become a viral memecoin, like Shiba Inu (SHIB) and Dogecoin (DOGE).
Pepe Doge (PEPEDOGE), a Solana memecoin that was launched today, 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 Pepe Doge presents a similar opportunity.
Pepe Doge has market cap below $15,000 at the moment, meaning that when it just reaches a modest market cap of $200,000-$500,000, early investors would generate returns of 2,000%-5,000% in a matter of days or hours.
The exciting memecoin is poised to rally 7,600% in the coming two days, and Pepe Doge could potentially reach a multi-million dollar market cap within a few weeks.
Currently, Pepe Doge 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 Pepe Doge on these platforms, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Pepe Doge by entering its contract address – 7s7VZhFWTez5ykSr214AxnqRTMdcKu5rd77YFAx2DGG1 – 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 PEPEDOGE.
Chainalysis, a leader in blockchain data and analytics, recently moved its regional headquarters to Dubai, fostering a deep collaboration with local government authorities.
On May 8, the company announced that Dubai would now serve as the hub for its operations across Southern Europe, the Middle East, Central Asia, and Africa.
The company’s decision was influenced by a series of strategic partnerships and initiatives that underscore the region’s growing significance in the global cryptocurrency landscape.
Notably, Chainalysis has been actively consulting with local stakeholders, offering insights on regulatory frameworks to spur innovation within the cryptocurrency sector.
A significant aspect of their involvement includes collaborating with the United Arab Emirates’ Ministry of Artificial Intelligence, Digital Economy and Remote Work Applications.
Together, they have established an excellence center dedicated to enhancing government employees’ understanding and skills in blockchain technology.
Additionally, Chainalysis has entered into a memorandum of understanding with Emirates NBD on May 6.
This partnership is designed to support the bank’s Digital Asset Lab program, marking a significant commitment by one of the region’s banking leaders to explore the potentials of digital assets.
READ MORE: Coinbase Faces Class-Action Lawsuit Over Alleged Securities Deception
Michael Gronager, CEO of Chainalysis, remarked on the proactive approach of the UAE government towards cryptocurrency regulation and innovation.
He stated, “The true potential and value of cryptocurrencies lies in their ability to transfer value, and we’re seeing an upward trend of overall transfer activity… the UAE is strongly positioned to lead innovation with novel use cases that deliver tangible value to consumers and businesses.”
The strategic location of the new headquarters in Dubai positions Chainalysis to better support emerging markets like India, Africa, and Central Asia.
Nicola Buonanno, the firm’s Vice President of Southern EMEA, emphasized the UAE market’s pivotal moment, noting that large institutional transfers now dominate the country’s cryptocurrency transactions.
This expansion reflects a broader trend of crypto and Web3-related enterprises gravitating towards Dubai.
The city’s favorable regulatory environment continues to attract a spectrum of firms, further establishing its status as a technopolis within the Middle East.
This movement includes significant licenses and approvals, such as Binance receiving a cryptocurrency exchange license on April 18, and QCP Capital’s recent regulatory approval in Abu Dhabi on May 7.
To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.
Zombie Coin (ZOMCOIN) could become a viral memecoin, like Shiba Inu (SHIB) and Dogecoin (DOGE).
Zombie Coin (ZOMCOIN), a Solana memecoin that was launched this week, 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 Zombie Coin presents a similar opportunity.
Zombie Coin has a market cap below $15,000 at the moment, meaning that when it just reaches a modest market cap of $200,000-$500,000, early investors would generate returns of 2,000%-5,000% in a matter of days or hours.
The exciting memecoin is poised to rally 8,000% in the coming two days, and Zombie Coin could potentially reach a multi-million dollar market cap within a few weeks.
Currently, Zombie Coin 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 Zombie Coin on these platforms, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Zombie Coin by entering its contract address – FbkoYsCAPbcyJkSoqXTxDKKoGQrYoqgtdLf9GBEqy2vr – 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 ZOMCOIN.
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.
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.
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 this week, 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.
Zombie Coin (ZOMCOIN) could become a viral memecoin, like Shiba Inu (SHIB) and Dogecoin (DOGE).
Zombie Coin (ZOMCOIN), a Solana memecoin that was launched this week, 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 Zombie Coin presents a similar opportunity.
Zombie Coin has a market cap below $15,000 at the moment, meaning that when it just reaches a modest market cap of $200,000-$500,000, early investors would generate returns of 2,000%-5,000% in a matter of days or hours.
The exciting memecoin is poised to rally 8,000% in the coming two days, and Zombie Coin could potentially reach a multi-million dollar market cap within a few weeks.
Currently, Zombie Coin 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 Zombie Coin on these platforms, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Zombie Coin by entering its contract address – FbkoYsCAPbcyJkSoqXTxDKKoGQrYoqgtdLf9GBEqy2vr – 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 ZOMCOIN.
Notcoin (NOT), a play-to-earn game with an associated token that operates within the Telegram app, is currently making waves on social media platform X.
This surge in popularity comes as major cryptocurrency exchanges gear up to list the NOT token.
ByBit, a cryptocurrency exchange, officially announced the listing of Notcoin on its platform on May 9, commencing with the immediate availability of deposits.
Trading and withdrawals for NOT are scheduled to begin on May 16 and May 17, respectively.
ByBit has clarified that these transactions will be conducted through The Open Network (TON) and its automated trading tool.
Simultaneously, the Binance exchange launched NOT in its launch pool on May 9 and plans to start spot trading of Notcoin on May 16.
In line with this, Telegram’s third-party custodial crypto wallet, Wallet, will also incorporate NOT into its offerings starting May 16.
Adding to the excitement, the OKX exchange has announced its plan to include Notcoin in its Jumpstart Mining event on May 13.
This event will allow Toncoin (TON) holders to stake their coins and earn rewards in NOT.
The anticipation surrounding NOT has been mounting on social media, with over 35,000 posts tagged with “#Notcoin” on X at the time of writing.
READ MORE: Ether Prices Drop Amid SEC Uncertainty and Technical Corrections, Despite Bullish Patterns
Introduced in January 2024, Notcoin presents itself as a free play-to-earn game on Telegram. Users can earn the NOT token by simply engaging with the game’s coin icons.
The token, based on the TON blockchain, was developed by Sasha Plotvinov and his team, Open Builders, who also created the game.
The game quickly became a sensation on Telegram, attracting millions of players even before its token was available for trading on exchanges like Binance.
Sasha Plotvinov explained the token’s unique position in the market, stating, “Notcoin — or ‘not a coin until it is’ — has solved the issue of attracting Telegram users to crypto,” noting the app’s user base grew to about 30 million in just a few months post-launch.
The official Notcoin Community channel on Telegram now boasts over six million subscribers, and the Notcoin bot reports a player count of 648,015 who have not previously owned any cryptocurrencies.
As for the token’s future, the Notcoin team has expressed uncertainty about its post-listing price but confirmed that the mining phase has been completed.
These developments occur as the TON ecosystem itself is gaining traction.
Just a day before the ByBit listing, Pantera Capital revealed that its investment in TON was its “largest investment ever,” coinciding with a substantial price increase in Toncoin, which jumped from approximately $5.5 to almost $7 in a week, now trading at $6.88, marking a 27% rise.
To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.
Pepe Doge (PEPEDOGE) could become a viral memecoin, like Shiba Inu (SHIB) and Dogecoin (DOGE).
Pepe Doge (PEPEDOGE), a Solana memecoin that was launched today, 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 Pepe Doge presents a similar opportunity.
Pepe Doge has market cap below $15,000 at the moment, meaning that when it just reaches a modest market cap of $200,000-$500,000, early investors would generate returns of 2,000%-5,000% in a matter of days or hours.
The exciting memecoin is poised to rally 7,600% in the coming two days, and Pepe Doge could potentially reach a multi-million dollar market cap within a few weeks.
Currently, Pepe Doge 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 Pepe Doge on these platforms, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Pepe Doge by entering its contract address – 7s7VZhFWTez5ykSr214AxnqRTMdcKu5rd77YFAx2DGG1 – 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 PEPEDOGE.