In their newsworthy study, the co-founders of Glassnode think that the crypto market will grow by 350%, which is a huge increase. Several key signs point to this positive outlook. These signals show that crypto is becoming more popular and trusted as an actual trading category for companies. However, the research also shows that the market system now has a stronger base, which could lead to bigger spending. People are generally feeling better about the market because of the crypto’s current track record.
There are cases of big investments that support the positive view, such as a well-known “Ethereum whale” who bought a lot of ETH. This is a strong sign of faith in the future market. Today’s article will explore several coins that seem ready to experience growth in view of all the positivity.
Ride The Wave of Innovation with ScapesMania
The introduction of a new crypto project is usually met with very cautious optimism. But when its numerous past sales and token generation event (TGE) are a huge success, it all seems like the first step on a path full of growth potential. ScapesMania, the groundbreaking casual gaming project, has a lot to show for its unstoppable hype.
$MANIA has stepped into PancakeSwap, a decentralized exchange on the Binance Smart Chain network known for its extensive user base and liquidity. The debut trading day proved to be impressive. The token price demonstrated resilience, indicating robust tokenomics and promising prospects for the project. Unlike short-term ICOs, ScapesMania has proven itself to be a serious venture within a thriving market.
Just let the numbers speak for themselves:
- Holder count: 18.41K
- 24-hour trading volume: $2.25M
- Over 2,535 buys and 1,651 sells
ScapesMania also topped DEXTools’ Hot Pairs list right away after its debut.
This project started out with a presale event that garnered an incredible $6.125 million. The fact that it attracted over 60,000 followers across different social media networks and a vast number of holders is even more remarkable. This strong support and funding demonstrate how appealing and promising the project is to a wide audience. A real breakthrough might be just around the corner, so it would be a waste not to grab $MANIA tokens before they skyrocket.
The launch of liquidity pairings including MANIA/WBNB and MANIA/USDT marked the beginning of active trading. The demand from the community led to USDT becoming the main source of liquidity.
Why get involved with ScapesMania now that it’s listed? First, $MANIA tokenomics are balanced, with a cliff and vesting system helping maintain stability. Second, through DAO governance, community members can vote on ecosystem development decisions. Finally, ScapesMania continuously expands token utility, offering more benefits to $MANIA holders.
With a strong plan for promoting the project after listing, its success might keep up the record-breaking pace after its debut. The team’s dedication to long-term development and prominence in the cryptocurrency industry is shown by their impressive marketing efforts — 75K+ average monthly traffic is no joke.
Additional upsides that may be among the biggest deciding factors are:
- The project’s smart contract has been approved by BlockSafu. Holders may rest certain that the project’s infrastructure is reliable and up to par thanks to this endorsement.
- Enthusiastic support from numerous notable crypto influencers. It lends legitimacy and affirms ScapesMania’s status as one of the promising new projects.
- Experienced team. Innovating and executing a project successfully requires a team of seasoned specialists. This project is in a strong position to overcome any obstacles and take advantage of opportunities.
- Bright future. The project has come a long way, but it still has a long way to go. There are tentative plans to list on a centralized exchange (CEX), which will provide access to more markets and more liquidity.
Everything about ScapesMania was carefully designed to facilitate major growth potential. From successful, well-publicized sales to its advantageous alliances, seasoned staff, and strategic positioning in the casual gaming niche – it looks poised for big things.
Choosing ScapesMania right now, post-TGE, offers early access, exclusive benefits, diversification, lower competition within a dynamic niche, and, more importantly, a potentially perfectly-timed entry point. The coin’s stable post-listing price and strong initial support, coupled with an influx of newcomers, indicate long-term confidence, so it might be the time to make your decision.
Tron (TRX): Poised for Recovery with Strong Support
The first candidate, Tron (TRX), is maintaining a bullish structure, supported by a 405-day ascending support trend line that has been validated multiple times. The cryptocurrency’s ability to stay above this critical support line despite a 25% correction since its yearly peak suggests a resilient underlying strength in its market position.
Currently, Tron (TRX) finds itself at a confluence of support levels, bolstered by a horizontal support area and the 0.382 Fibonacci retracement level. This setup provides a strong foundation that could potentially cushion further declines and foster a rebound.
With the RSI indicating a bullish divergence from oversold territory, there is a significant chance that Tron (TRX) could witness another impressive rally similar to the one it experienced after a similar signal in 2022. The overall wave count on the weekly charts suggests an impending upward movement, possibly driving the price towards new highs. Conversely, a breakdown below the $0.107 support level could trigger a steeper decline to the lower bounds of its support channel at $0.095.
Gala (GALA): Rising Momentum Amid Market Fluctuations
Rounding out our text, there’s Gala (GALA). It has shown a notable uptick in its market presence with a recent price increase pushing its value to $0.04476, signaling a robust upward trend. The token’s market capitalization has ascended to $1.34 billion, reflecting a 6% growth. This surge indicates strong investor confidence and an active market, with trading volumes reaching a substantial $252 billion in a single day.
Despite a 22% depreciation over the last week and a 16% drop over the past month, Gala (GALA) maintains its vigor in the market. The fluctuations and periodic corrections suggest the market’s dynamic and adjusting nature. The cryptocurrency’s technical setup remains bullish, with resistance points hinting at potential growth towards and beyond the $0.05 mark.
Gala (GALA) continues to play a pivotal role in the Gala Games ecosystem, fueling transactions for NFT purchases and node license acquisitions. A crucial breakout above the $0.047 resistance could significantly propel the token’s price, potentially aiming for a milestone of $1. However, any downturn could pull the price back to the $0.04 support level, underscoring the market’s volatility.
Conclusion
Glassnode’s co-founders expect an amazing 350% growth in the crypto market, which might change everything. This positive view is supported by the fact that more institutions are becoming interested in cryptocurrency and more people are accepting it as a real way to trade. Important players like Gala (GALA) and Tron are a big part of what’s causing this shift in fortunes. Gala (GALA) is focused on games that use blockchain technology and Tron (TRX) is working to improve how content is distributed. As the market waits for this growth, attention also turns to how these coins can evolve strategically.
Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of our site, nor is it intended to be used as legal, tax, investment, or financial advice.
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.
Flying Doge (FLYDOGE) could become a viral memecoin, like Shiba Inu (SHIB) and Dogecoin (DOGE).
Flying Doge (FLYDOGE), 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 Flying Doge presents a similar opportunity.
Flying Doge has market cap below $10,000 at the moment, meaning that even when it just reaches a modest market cap of $200,000-$500,000, early investors will generate returns of 2,000%-5,000% in a matter of days or hours.
The exciting memecoin is poised to rally 5,300% in the coming two days, and Flying Doge could potentially reach a multi-million dollar market cap within a few weeks.
Currently, Flying 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 Flying Doge on these platforms, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Flying Doge by entering its contract address – 7SfNkVtbkjwCYChn1wr7E9xH4RAYfdUHHMcasByftKT – 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 FLYDOGE.
New Solana memecoins are delivering astronomical returns for early investors, while larger memecoins, like Shiba Inu (SHIB) and DogWifHat (WIF), are losing momentum.
Solana Shiba (SOLSHIB) and Bitcoin Robot (BTCROB), two Solana memecoins that were launched today, are aiming to challenge other large memecoins, such as Shiba Inu (SHIB) and DogWifHat (WIF).
Early investors in SHIB and WIF made astronomical returns, and SOLSHIB and BTCROB (contract address: 26cF8GhqG3GXUGjnwUSQQ6WpktT3SQdv6sw6vEjL3orV) present a similar opportunity to investors who buy while these tokens are dirt cheap.
These two new Solana memecoins are set to rally over 6,600% in the coming two days, before then targeting further gains and potentially reaching a market cap above $5 million each.
Currently, SOLSHIB (contract address: 7iAwbp82MemhxE8j31BC6UKUX6dkjUKFLx6HUve7NPFJ) and BTCROB 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 these Solana memecoins on these platforms, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for the token by entering their contract address in the receiving field.
In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and DogWifHat (WIF) 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 Solana Shiba and Bitcoin Robot.
EigenLayer, recognized as the largest restaking protocol on Ethereum based on total value locked (TVL), is reportedly facing a significant yield crisis, industry experts suggest.
The protocol’s TVL has seen a swift rise, but this growth may be outstripping the capabilities of its Actively Validated Services (AVS), potentially leading to a drastic decrease in yields.
This concern was highlighted by Chudnov, a pseudonymous builder at 3Jane derivatives exchange, who noted on an April 22 X post:
“EigenLayer has >$15B in TVL but AVSs will actually need less than 10% of that for security, which means yields may fall off a cliff.”
On April 16, EigenLayer announced the removal of restrictions on all liquid staking tokens (LSTs), just days after its mainnet launch on April 10.
This protocol allows users to stake LSTs, which are then automatically delegated to a node operator.
These operators use the stakes to secure AVS on EigenLayer while also earning staking rewards, a portion of which is distributed to the users.
Despite the protocol’s popularity, the actual security needs for AVS are much lower than the current stakes, potentially creating future challenges. Chudnov elaborates on this issue, saying:
“The problem is that none of the AVSs will come close to needing $1.5B in security let alone $15B.
“The whole point of Proof-of-Stake is that the value of the stake is higher than the potential profit earned from a validator behaving dishonestly.”
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At present, EigenLayer stands as the second-largest Ethereum protocol, just behind the liquid staking leader Lido.
Its TVL has increased by over 16% in the past month to $14.15 billion, as per DefiLlama.
The sustainability of yields could face further threats if altcoin prices fall, diminishing incentives for AVSs to maintain excess capital on-chain.
A potential short-term solution discussed involves launching new tokens to boost the security budget. However, Chudnov suggests a more integrated approach for a sustainable solution:
“If [the EigenLayer] ecosystem can more deeply entrench itself in the DeFi ecosystem via [Liquid restaking tokens] and financial primitives on top then this is a much more guardable moat and gives AVS’s more time to figure things out at a fraction of the cost.”
As the situation develops, the broader implications for the DeFi sector remain closely watched. Cointelegraph has reached out to EigenLayer for additional comments on these developments.
To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.
Shiba Inu (SHIB/USD) is currently experiencing positive market movements, reflecting an upward trend as the overall cryptocurrency sector shows signs of revival.
Lucie, the marketing leader for Shiba Inu, expressed a bullish outlook for the meme cryptocurrency on X (formerly Twitter).
She confidently stated, “there is no other direction than up” for Shiba Inu, noting its resilience over the past two years despite a prolonged bear market.
Further emphasizing the coin’s stability, Lucie assured that Shiba Inu is not merely a fleeting meme destined to be dropped at the emergence of new trends.
She highlighted the ongoing real development efforts behind the scene, indicating a solid foundation for the coin’s future.
Adding to the developments, the Shibarium network introduced a significant update to its user interface, as announced on its official X page.
The new update boasts enhanced speed, smoothness, and increased accessibility.
It also includes expanded compatibility with major wallets such as MetaMask, Coinbase Wallet, Rainbow, Trust Wallet, and Wallet Connect, which is likely to enhance user experience and adoption.
Crypto influencer Jake Gagain shared his optimistic projection in a recent video, estimating that Shiba Inu could potentially achieve a market capitalization of $100 billion by 2025.
He cited several dynamics contributing to the meme coin’s potential growth.
READ MORE: Sleepy Shiba (SLESHIB) to Rally 13,000%, Take on SHIB and BOME With Huge MEXC Listing
Market data from IntoTheBlock indicated a significant 54.6% increase in Shiba Inu’s large transaction volumes and a slight 0.8% rise in daily active addresses, suggesting a growing interest and activity in the coin.
The data also revealed that over 397,000 SHIB addresses are holding approximately 2.44 trillion SHIB tokens at an average price of $0.00001.
This considerable holding acts as a defensive mechanism against price declines, showcasing strong buying interest and hinting at potential market stability.
Additional data from CoinGlass showed a 17.4% growth in SHIB derivatives data volume, with notable liquidations in the last 24 hours totaling 800,970, of which 445,970 were long liquidations.
Shibburn data indicated that 5.2 million SHIB tokens were burnt in six transactions over the past 24 hours, leading to an impressive 172% increase in burn rates, potentially influencing the coin’s value positively.
As of the latest update, SHIB’s price stands at $0.00002295, marking a 1.4% increase over the past day, aligning with the positive sentiments echoed by market analysts and stakeholders.
To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.
In a recent interview at the Token2049 event in Dubai, Sergey Nazarov, the co-founder of Chainlink, offered insights into the future developments in the cryptocurrency sector.
During his discussion with Cointelegraph, Nazarov highlighted the expanding role of exchange-traded funds (ETFs) and the potential for mainstream adoption of Web3 and digital assets.
Nazarov believes that the approval of Bitcoin ETFs marks the beginning of a broader acceptance of crypto-based ETFs, predicting that other cryptocurrencies beyond Bitcoin and Ethereum will soon follow suit.
He explained, “I think what’s next is more ETFs about coins other than Bitcoin and Ethereum. So, I think the ETF dynamic is going to continue during this year and just grow and grow and grow.”
Additionally, he discussed the potential integration of tokenized real-world assets (RWAs) into the Web3 ecosystem, facilitated by both Web3 companies and traditional banks.
This collaboration is expected to merge the realms of digital and traditional finance.
Nazarov anticipates that this convergence will be significant, stating, “Eventually, I expect the Web3 assets to be bought by the banks and the bank assets to be bought by the Web3 protocols for various reasons why they would want each other’s assets.”
He forecasts that these developments could take place within the next three to four years.
Another crucial area of development, according to Nazarov, is the usability of cryptocurrency.
READ MORE: Laughing Shiba Inu to Turn Early Buyers Into Memecoin Millionaires, As SHIB and DOGE Lose Ground
He stressed the necessity for improvements to make digital assets more accessible and user-friendly.
“I think the usability of crypto still has a long way to go,” he commented, noting that user experience is “nowhere near what it needs to be,” indicating substantial enhancements are still required.
To further drive crypto toward widespread acceptance, Nazarov identified four key areas that need addressing: usability, scalability, connectivity, and privacy.
He regards these factors as central to the growth and evolution of the cryptocurrency industry, emphasizing that ongoing efforts are being made to enhance these aspects.
“I would say the usability, the scalability, the connectivity and the privacy are the four main pillars of what I look at the crypto industry when I think about how it is developing,” he stated.
Nazarov remains optimistic about the progress of these initiatives and believes that the crypto community will continue to innovate and expand the possibilities within the industry.
To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.
New Solana memecoins are delivering astronomical returns for early investors, while larger memecoins, like Shiba Inu (SHIB) and DogWifHat (WIF), are losing momentum.
Solana Shiba (SOLSHIB) and Bitcoin Robot (BTCROB), two Solana memecoins that were launched today, are aiming to challenge other large memecoins, such as Shiba Inu (SHIB) and DogWifHat (WIF).
Early investors in SHIB and WIF made astronomical returns, and SOLSHIB and BTCROB (contract address: 26cF8GhqG3GXUGjnwUSQQ6WpktT3SQdv6sw6vEjL3orV) present a similar opportunity to investors who buy while these tokens are dirt cheap.
These two new Solana memecoins are set to rally over 6,600% in the coming two days, before then targeting further gains and potentially reaching a market cap above $5 million each.
Currently, SOLSHIB (contract address: 7iAwbp82MemhxE8j31BC6UKUX6dkjUKFLx6HUve7NPFJ) and BTCROB 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 these Solana memecoins on these platforms, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for the token by entering their contract address in the receiving field.
In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and DogWifHat (WIF) 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 Solana Shiba and Bitcoin Robot.
President Joe Biden has recently signed a significant bill into law, intensifying concerns among critics regarding its implications for American privacy.
This bill reauthorizes and extends Section 702 of the Foreign Intelligence Surveillance Act (FISA), allowing for expanded surveillance capabilities for U.S. government agencies.
The U.S. Senate approved the legislation on April 20 with a 60–34 vote, and the law was enacted the following day.
Supporters, including both President Biden and bipartisan members of Congress, argue that this legislation is crucial for counter-terrorism and national security.
“Allowing FISA to expire would have been dangerous.
“It’s an important part of our national security toolkit and helps law enforcement stop terrorist attacks, drug trafficking, and violent extremism,” emphasized Senate Majority Leader Chuck Schumer.
Conversely, opponents believe that the amendments to FISA mark a significant escalation in government surveillance powers, potentially affecting everyone from businesses to individual citizens.
Elizabeth Goitein, from the Brennan Center for Justice, expressed her disdain on X, stating that the bill “effectively grants the NSA access to the communications equipment of almost any U.S. business, plus huge numbers of organizations and individuals.
READ MORE: Bitcoin’s Fourth Halving Sparks Bullish Outlook Amid ETF Growth and Record Highs
It’s a gift to any president who may wish to spy on political enemies, journalists, ideological opponents.” She added, “This is a shameful moment in the history of the United States Congress.”
Under the newly signed law, agencies like the NSA are now authorized to demand data from internet service providers such as Google and Verizon.
This expansion means that a wider range of companies and individuals providing internet services will be compelled to cooperate with government surveillance efforts.
Despite opposition from both privacy-focused Republicans and Democrats, the bill passed through the House of Representatives on April 13. Efforts to amend the bill to require warrants for all internet-based surveillance were narrowly defeated.
The reauthorization of FISA Section 702 has drawn sharp criticism from figures like NSA whistleblower Edward Snowden, who remarked that America had “lost something important” and called the legislation unconstitutional.
“Senator Ron Wyden also voiced severe concerns, describing it as one of the most “dramatic and terrifying expansions of government surveillance authority in history.”
To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.
New Solana memecoins are delivering astronomical returns for early investors, while larger memecoins, like Shiba Inu (SHIB) and DogWifHat (WIF), are losing momentum.
Solana Shiba (SOLSHIB) and Bitcoin Robot (BTCROB), two Solana memecoins that were launched today, are aiming to challenge other large memecoins, such as Shiba Inu (SHIB) and DogWifHat (WIF).
Early investors in SHIB and WIF made astronomical returns, and SOLSHIB and BTCROB (contract address: 26cF8GhqG3GXUGjnwUSQQ6WpktT3SQdv6sw6vEjL3orV) present a similar opportunity to investors who buy while these tokens are dirt cheap.
These two new Solana memecoins are set to rally over 7,000% in the coming two days, before then targeting further gains and potentially reaching a market cap above $5 million each.
Currently, SOLSHIB (contract address: 7iAwbp82MemhxE8j31BC6UKUX6dkjUKFLx6HUve7NPFJ) and BTCROB 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 these Solana memecoins on these platforms, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for the token by entering their contract address in the receiving field.
In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and DogWifHat (WIF) 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 Solana Shiba and Bitcoin Robot.