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.
Business leaders are putting their money where the majority of interest is. Artificial Intelligence (AI) has already attracted interest from 250 million+ companies who are either using or exploring its use-cases across operations. For the last 10 years, Qtum Foundation has positioned itself as the creme-de-la-creme of leapfrogging the space by diligently innovating and launching potent solutions. The foundation is looking to seize AI’s market value which grew from $60 billion in 2022 to $196 billion in 2023, as per Grand View Research, projections have it that the value could grow to $1.81 trillion by 2030.
Qtum has already positioned itself as a game-changing scaling solution that has the best of the Bitcoin and Ethereum networks. With AI, the goal is to continue pursuing the blockchain project’s goal of producing cutting-edge technologies that will bring change, and drive innovation.
10,000 NVIDIA GPUs Dedicated to AI
In the latest news, Qtum Foundation has rolled out its AI services after onlining 10,000 GPUs from NVIDIA. The services include a conversational chatbot much like ChatGPT and a text-to-image generator akin to Midjourney. Both of them, dubbed Qtum Solstice and Qtum Qurator are based on the latest open-source models and will run on vast amounts of computing power.
Qtum is betting that customers and businesses of the future will not only want innovative AI tools but they will also want to interact with these solutions in a decentralized environment.
For this reason, the foundation has rolled out its Artificial Intelligence plan in three phases. The first phase has come out,, and two more will be announced later.
The Three Phases of Qtum’s Blockchain AI Ecosystem Rollout
- Phase 1 focuses on the applications, with the Chabot and image generator already rolled out, Qtum will release more AI-based applications for Web3 users;
- Phase 2 will release more decentralized AI models;
- Phase 3 will add the decentralized infrastructure layer, matching computing power with AI computing needs. The long-term plan is to build a computing infrastructure that supports decentralized inference.
Immediately after this roll-out, Qtum’s engineers will start working on the infrastructure to improve the underlying technology and the available product offerings. According to Qtum’s Co-Founder Patrick Dai, the next logical step for Qtum Foundation is Artificial Intelligence. “We are unveiling the first phase today, an image generator and chatbot”
Emerging Areas in Artificial Intelligence
The engineers have been on top of their game since the release of ChatGPT. For this reason, they have acquired technical expertise across four major areas:
- Intelligent Dialogue which takes into account the knowledge base for intelligently answering questions, and text-based games.
- Image Generation for converting text to images, 3D cartoon image generation, image super-resolution, AI-based face swapping, and detection.
- Video Generation for face swapping, video-re-rendering, video manipulation, and animated illustrations.
- Speech Generation which involves speech-to-text, text-to-speech, cross-language conversations, and other speech-generation systems.
Thanks to the engineering team’s knowledge and expertise in Intelligent dialogue systems, image, video, and speech generation technologies, Qtum plans to launch the following Artificial Intelligence features:
- Keyword-based image/video generation for conveniently creating image/video assets using certain keywords.
- Emotional AI Voice-base Conversation Bots that are intelligent enough to understand user-behaviours, make sense of their queries and even address their questions via voice/text. This AI feature also means the bot will have a natural language understanding that can detect tone and respond to queries with empathy.
- Intelligent Image Recognition that integrates computer vision techniques to identify the content of an image. This will come in handy when organizing or sorting large files that contain images.
- AI-based Photo Effects and Filters for users to experience a diverse range of image filters, makeup, and effects.
Qtum is a Leader in Combining AI and Blockchain
Building Artificial Intelligence tools on top of Qtum’s blockchain infrastructure should come naturally to them. They have experience in this field from the earlier technical accomplishments achieved by combining Bitcoin’s UTXO model with Ethereum’s virtual machine in one package.
Since the organization is pursuing a three stage rollout plan with its blockchain AI ecosystem, the team will add 10 more AI-related offerings over the upcoming months to ensure complete utilization of its vast 10,000 GPUs. This amount of computing power is no small accomplishment, and should attract attention from other organizations and partners that are looking for resources in the AI field.
Qtum’s AI Services are free. However, one will need Qtum tokens to access or rent large amounts of computing power or blockchain-based intellectual property protection. $QTUM, the network’s utility token, is presently trading at $4.3 after gaining over 40% in the last 3-months since the beginning of January.
Qtum price by TradingView
While utility tokens are not a proportional reflection of a network’s health, $QTUM has been performing well in the last one year. From the chart above, the token’s price improved from $3.6 to a yearly high of $6.17.
Qtum intends to integrate the token with its blockchain AI offerings when building the decentralized economy layer. This means the fundamentals of the coin are looking good over the medium-term and even more promising for the long-term game on the account that emerging technologies will greatly become intertwined. More users coming to Qtum for AI solutions, and an increase of building activity of developers deploying on the open source model will create demand for the token.
Conclusion
The Qtum blockchain platform combines Ethereum’s smart contract capabilities with Bitcoin’s security features. Thanks to this, the platform has been lauded for its energy efficiency, speeds, scalability and the focus on governance. Layer 2 solutions building Qtum can achieve super speeds of billions of transactions per second while the average speed on the network is 1100 TPS. By deploying artificial intelligence services through its blockchain infrastructure, Qtum hopes to disrupt an industry valued at $196 billion. The blockchain platform has proved itself before by implementing solutions that other projects took years to fully implement. One of its testimonials was integrating its EVM-capable smart contracts engine with Bitcoin’s native UTXO support. This enabled the platform to benefit from Bitcoin’s security features and Ethereum’s programmability.
In a significant development within the cryptocurrency legal landscape, a group of cryptocurrency users involved in a class-action lawsuit in Florida has reached a tentative settlement with Sam Bankman-Fried, the former CEO of the now-defunct crypto exchange FTX.
This agreement was disclosed in a court filing dated April 19 at the United States District Court for the Southern District of Florida.
The lawsuit, initiated by plaintiffs in November 2022 following FTX’s bankruptcy, implicated several high-profile endorsers of the exchange.
It was consolidated in June 2023, bringing a more structured approach to the multifaceted legal challenges surrounding FTX’s collapse.
The plaintiffs are represented by the Moskowitz Law Firm, known for tackling complex crypto-related lawsuits.
According to the recent court filing, the plaintiffs decided to settle with Bankman-Fried, recognizing the potential costs and lengthy process involved in continuing their lawsuit against him.
Instead, they aim to leverage his insights and the information disclosed during his criminal trial to strengthen their case against other defendants in the ongoing multidistrict litigation (MDL).
The filing details the strategic value of Bankman-Fried’s cooperation: “[Bankman-Fried] has knowledge and other information that Class Representatives and Class Counsel believe will be valuable to Class Representatives’ cases against other defendants in the FTX MDL [multidistrict litigation], particularly relating to the underlying actions and their connection to Miami, Florida, where FTX’s U.S. headquarters were based, as well as each MDL Defendants’ knowledge of and assistance with the actions and connections to other states in which jurisdictions over those Defendants is asserted.”
The proposed settlement was put forward on March 28, coinciding with Bankman-Fried’s 25-year prison sentence following his felony conviction.
This settlement needs judicial approval to finalize the resolution of the dispute between the cryptocurrency users and Bankman-Fried, effectively focusing the plaintiffs’ efforts on other involved parties.
Bankman-Fried has been advised to assist the plaintiffs in prosecuting other FTX promoters by providing documents and testimony from his trial.
The lawsuit highlights the involvement of celebrities and sports figures such as Naomi Osaka, Tom Brady, Stephen Curry, and Shaquille O’Neal, who endorsed FTX before its financial turmoil.
In a related move, Bankman-Fried’s attorneys filed an appeal on April 11 against his conviction and sentence, requesting that he remains at the Metropolitan Detention Center in Brooklyn to facilitate his ongoing legal defense, rather than being transferred to a federal prison in the San Francisco Bay Area.
This legal battle continues to draw significant attention, spotlighting the broader implications of celebrity endorsements in cryptocurrency ventures and the pursuit of accountability in the high-stakes world of digital finance.
To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.
Genius Dog (GENDOG) could become a viral memecoin, like Shiba Inu (SHIB) and DogWifHat (WIF).
Genius Dog (GENDOG), a Solana memecoin that was launched recently, is set to challenge other popular memecoins, including Shiba Inu (SHIB) and DogWifHat (WIF).
Early investors in SHIB and WIF made astronomical returns, and Genius Dog (GENDOG) presents a similar opportunity.
Genius Dog (GENDOG) currently has a market cap of just around $10,000, with each coin trading around $0.00000273, meaning it has massive potential for early investors.
The exciting memecoin is poised to rally 2,400% in the next 48 hours, and Genius Dog could potentially reach a multi-million dollar market cap within a few weeks.
At the moment, Genius Dog (GENDOG) 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 Genius Dog on these platforms, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for GENDOG by entering its contract address – E71HZv2nu69w5U8RVM6QYUNy4JwcJjBhd5Kwu8jfAad4 – 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 GENDOG.
The situation in the world of cryptocurrency, particularly with memecoins, has seen a notable correction since the start of this month. This indicates, rather blatantly, that more people are selling their holdings and points to a possible shift from bullish to bearish. Even so, experts predict that the Bitcoin Halving event will likely cause great price instability and could result in a bullish trend turning point. Such a setting might be considered as an excellent time for those who engage in trading on markets to succeed.
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, ScapesMania incentivizes community members through its staking program, rewarding commitment with extra tokens. Third, 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.
Pepe (PEPE): A Meme Coin on the Rise
Pepe (PEPE) has recently been the focus of significant attention from both whales and retail investors. These major stakeholders have accelerated their acquisitions, indicating a strong belief in the coin’s potential. The price is currently navigating through a descending wedge pattern. This formation is typically associated with a forthcoming bullish reversal, suggesting that a breakout might be imminent.
Dogecoin (DOGE): Poised for Potential Breakthroughs
Dogecoin (DOGE) is currently in a pivotal phase, with on-chain data indicating the absorption of a significant sell wall consisting of billions of tokens. This process might clear the path for Dogecoin (DOGE) to approach or even surpass its all-time high. The community’s sentiment and broader market dynamics will play crucial roles in determining whether Dogecoin (DOGE) can achieve these new milestones.
Conclusion
The changing nature of the crypto market has had a clear effect on the paths of Pepe (PEPE) and Dogecoin (DOGE), each following its own path amidst the overall instability. There is a good chance that Pepe (PEPE) will go up a lot because there is a lot of interest from whales and the price is moving in a strong way. Dogecoin (DOGE), on the other hand, might hit all-time highs again because it has been able to absorb a big sell wall.
Encouraging news that cryptocurrency exchange-traded funds (ETFs) will be allowed in Hong Kong has made Ethereum (ETH) and Bitcoin (BTC) spot ETFs even more popular. Victory Securities, a company based in Hong Kong, has finally revealed how they charge fees for the above-mentioned funds.
They say that they charge between 0.5% and 1% for deals in the main market and lower fees for trades made online in secondary markets. Victory Securities’ move shows that they think a lot of investors will be very interested in Ethereum (ETH) when new investment tools will be made available in the special administrative region of the PRC. This could make Ethereum (ETH) even more visible and actively traded in the upcoming weeks.
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, ScapesMania incentivizes community members through its staking program, rewarding commitment with extra tokens. Third, 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.
Ethereum (ETH) Price Poised for a Potential Surge Amidst Strong Accumulation Signals
Ethereum (ETH) is currently going through an accumulation phase, which has seen a huge amount of $500 million worth of ETH taken out of platforms. This big drop in exchange amounts usually means that big investors, the so-called “whales,” are showing strong buying interest. They are probably moving their holdings to private wallets to keep for a long time.
As expected, the market has responded positively to this trend. In the past, similar trends have been followed by big price increases. When people switch from platforms to private wallets, the supply on open markets goes down. This creates a shortage, which can cause prices to rise if demand stays the same or rises.
Also, the fact that 320 million USDT (Tether), a world-famous stablecoin, came into the Ethereum market shows that liquidity is growing, which could lead to even bigger price increases later down the line. The move could be a well-planned gambit by investors who think Ethereum (ETH) will go up in value soon, according to analysts.
Different experts have different ideas about how these changes will affect the value of Ethereum (ETH) right away. Some experts are still cautiously hopeful, pointing out that the crypto market is very unpredictable. Others, on the other hand, see this as a clear sign to buy. According to the more optimistically-minded, Ethereum (ETH) could make a lot of money if the current trend keeps going. Ethereum (ETH) may be ready for a big price jump, possibly hitting all of its old high points.
Conclusion
There is a lot more interest in and market exposure for Ethereum (ETH) right now. This, in part, is because of changes in regulations in Hong Kong. Recently, the region approved cryptocurrency exchange-traded funds (ETFs) for both Bitcoin and Ethereum (ETH). This can really be the start of a new era for business investing in cryptocurrencies.
Victory Securities, a Hong Kong-based company, has already set its fees for these ETFs in order to take advantage of the growing interest from investors. This event not only shows how Ethereum (ETH) is becoming more integrated into standard financial markets, but it also makes it possible for more investors to put money into Ethereum (ETH). All these developments can cause the coin’s price to grow significantly as a result.
The cryptocurrency market was off to the best start this year following the Spots Bitcoin ETF approval. Also, Bitcoin halving is scheduled for April 19th and 20th, 2024, which could be the most significant event yet this year.
Considering the promises Bitcoin holds for its investors, it’s only natural for the rest of the market to fall in line. Big-cap and small-cap altcoins are following the token’s lead, and investors are in for some of the most significant gains before 2024 ends. If you’re looking to buy into the crypto bulls and extend your assets to cryptocurrencies, then you need to start by choosing a wallet. Here’s a detailed guide on how to store your coins using this tool.
What Is a Crypto Wallet?
The concept of a wallet is something everyone is familiar with, so it’s easy to understand what a cryptocurrency wallet is. This application tool serves as an avenue for keeping your assets and portfolio and storing your holdings, which you can access through a passkey that only you should know. Modern crypto wallets are trendy because they make these digital assets available to everyone, regardless of location or demography. Anyone can download, register, and store their holdings through these applications. They can also be used to send and receive tokens easily.
Crypto wallets come in two forms: custodial and noncustodial. In a custodial wallet, an exchange platform holds your private key on your behalf. Conversely, a noncustodial wallet gives you direct access to your keys, which are your login information. They can also be categorized into hot and cold wallets. When your application is connected to the internet, it can be referred to as a hot wallet, while one that isn’t connected to the web is known as cold.
Most hot wallets are often classified as software wallets, and typical examples are browser extensions, desktop apps, and mobile applications. They allow users to stay connected to the blockchain and explore crypto trading platforms and DeFi protocols like staking, swapping, and trading. All hardware wallets are considered cold wallets, except a few. For instance, a USB flash becomes a hot wallet when connected to your computer and the internet. They are primarily physical items used to store a user’s private key.
Factors To Consider When Selecting One
Certain factors should be prioritized when choosing a cryptocurrency wallet. Since this application will house your investments, you can never be too careful. Here are the top five factors on our list.
Security
Security has been a significant dilemma in the crypto space. The decentralized nature of the market makes it easy for people to scam others and get away with it since many transactions are done anonymously. However, you can easily avoid such situations by taking robust security features seriously. Before choosing your preferred application, consider utilities like multi-factor authentication, biometric login features, and other safe and advanced encryption algorithms. These will put you in a better position to safeguard your funds.
UX and UI
Another thing the crypto space is famous for is its complexities and intricacies. We can easily trace some of this confusion to the complex UI and UX of Web3 applications. Look out for friendly interfaces that are seamless and easy to navigate. This will save you a lot of headaches when finding your way around the application, especially as a beginner.
Private Key Control
We highlighted some of the categories of these wallets based on private key control. Some allow you to hold on to your login credentials, while others do not. If you’re a trader who always has things to buy and sell and transactions to carry out, it’s best to have access to your keys so you can easily get in and out of the market. However, if you want to store your assets for a long time, you could consider custodial ownership. The bottom line is to do your research and choose based on the nature of your investment.
Support
In most cases, the value of a crypto project is attributed to how much investors and community support it has. The same goes for these applications. The support behind a crypto wallet shows such projects’ reliability and long-term availability. Evaluate your options and seek community engagement through some of the network’s active forums. The discord channels, Twitter engagements, and other social media platforms will give you an insight into the application’s audience experiences and the level of reliability.
Transaction Fees and Speed
Watch out for options with affordable fees for all your transactions. These fees may vary depending on the blockchain, but a wallet with a fair transaction fee structure is often the way to go. Also, look into these applications’ conversion fees, exchange fees, and storage fees before making a decision. Additionally, ultra-fast transactions should be a priority.
Choosing the Right Crypto Wallet in 2024
The list above is detailed and covers the top factors to consider when choosing. You can also look into more articles detailing top crypto wallets to try in 2024, with an outlook on the pros and cons of each. Customer support, reputation, backup, and recovery options are additional features to remember when selecting. With all of these in mind, you have all you need to choose the appropriate cryptocurrency wallet for your portfolio.
TRON (TRX) is the platform that’s making waves in the crypto world! TRON aims to decentralize the internet by utilizing blockchain technology and decentralized applications (DApps). The platform’s Rollercoin has taken the industry by storm as it allows users to win TRX rewards. To start mining, users only need to contribute their computing power to secure the network through mining activities. Here’s a beginner’s guide to understanding TRON and how it works.
What Is TRON (TRX)?
TRON was birthed by the vision of H.E. Justin Sun in September 2017. Its mission? To break the chains of internet centralization by offering a playground for DApp creators. TRON fosters direct peer-to-peer connections and cuts out the middlemen to enhance efficiency. In July 2018, TRON pulled off a major power move by partnering with BitTorrent, a heavyweight in the world of decentralized services. BitTorrent boosted TRON’s influence and user base as it brought on board nearly 100 million active users every month.
In April 2021, TRON hit another huge milestone as its market cap surpassed that of Tether (USDT) on Ethereum. The blockchain became the biggest stash of stablecoins worldwide. And finally, in December 2021, TRON transformed into a fully community-governed decentralized autonomous organization (DAO). By doing so, the platform put the power back into the hands of the people!
Key Features of TRON
Here are TRON’s features that facilitate seamless transitions:
Decentralized Internet: TRON gives you the freedom to create, share, and monetize content without the need for agents and middlemen.
Acquisition of BitTorrent: TRON teamed up with BitTorrent, which already had millions of users already on board. This partnership strengthened TRON’s ecosystem and user base, making it stronger than ever.
TRX Token: TRX is TRON’s native cryptocurrency. It facilitates seamless transactions within the ecosystem and keeps things running smoothly.
TRC Tokens: TRON has a whole squad of tokens, ranging from BitTorrent (BTT) to USD Coin (USDC).
Scalability and Speed: TRON’s infrastructure facilitates increased efficiency for users. It zips through transactions at lightning speed and minimal cost. It provides convenience at its finest for users.
Delegated Proof of Stake (DPoS): With TRON’s DPoS, users get to vote for super representatives. The representatives validate transactions and keep the network safe and secure.
Benefits of TRON (TRX)
TRON (TRX) has some awesome perks for users:
Content Monetization: TRON lets content creators earn money directly, without middlemen. This means they keep control and get paid fairly for their hard work.
Low Fees and Fast Transactions: TRON keeps transaction fees super low, as little as $0.000005. Plus, transactions happen lightning fast, making it great for quick and cheap payments.
Big Scale and Easy Access: TRON works smoothly worldwide, so you can trade TRX tokens anytime, anywhere. It’s available on global exchanges, making it easy for everyone to join in, regardless of their geographical location.
Earn Rewards by Staking: If you hold TRX, you can join in staking to help secure the network. As a bonus, you’ll earn extra TRX tokens as rewards. TRON offers you a little bonus for being part of the TRON community!
How to Buy TRON Tokens
To grab some TRON (TRX) tokens, follow these steps:
- Pick a Crypto Exchange: Go for a reliable exchange such as Binance, Kraken, or eToro that offers TRX tokens.
- Set up an Account: Register on your chosen exchange. You’ll have to provide personal details and verify your identity.
- Deposit Funds: Once your account is ready, add money to it. You can use fiat currency via bank transfer or other leading cryptocurrencies like Bitcoin or Ethereum.
- Find the TRX Market: Hunt for the TRX market on the exchange. You can search for “TRX” or browse the cryptocurrency list.
- Place Your Order: Choose how much TRX you want and make an order. You can select from different order types, such as instant or setting your price.
- Confirm Your Purchase: When your buy order fills up, congrats! You’re now the proud owner of TRX tokens. They’ll appear in your exchange account.
For added security, think about transferring your TRX tokens to a compatible cryptocurrency wallet. This could be a hardware, software, or mobile wallet. Just follow the wallet’s instructions for receiving TRX tokens.
Conclusion
TRON (TRX) is a blockchain platform with a vision to decentralize the internet and empower users worldwide. The platform focuses on scalability, speed, and decentralization. TRON offers a versatile ecosystem for content creation, DApp development, and financial services. As the blockchain industry continues to evolve, TRON remains at the forefront of innovation. Going forward, TRON is expected to drive the adoption of decentralized technologies and significantly reshape the digital landscape.
FAQs
What are the functions of TRON’s cryptocurrency?
TRX is the primary cryptocurrency in the TRON ecosystem. It fulfills diverse roles such as covering transaction costs, engaging with smart contracts, fueling decentralized applications (dApps), staking, and facilitating governance mechanisms.
What is the operational process of TRON’s proof of stake (PoS) mechanism?
In TRON’s proof of stake system, the verification of blocks undergoes a transformation. Validators, chosen randomly, undertake the responsibility of generating new blocks and validating transactions. This methodology establishes a decentralized network consensus, enhancing the security and efficiency of the TRON blockchain.
What is the definition of TRC-20 tokens?
TRC-20 tokens represent a specific standard of cryptocurrency tokens operating on the TRON blockchain. TRON, being a decentralized platform, empowers developers to craft and launch smart contracts as well as decentralized applications (DApps).
What steps are involved in staking TRX?
Participation in TRX staking involves leveraging the voting system within the Tron network to generate passive income. Users can engage in staking by nominating themselves as a Super Representative, which enables them to operate a node. Users also have the option of delegating their tokens to a Super Representative. The specific staking rewards one receives hinge on the chosen Super Representative.
Can I use TRX for decentralized finance (DeFi) activities?
Yes, with TRX, you can engage in all sorts of DeFi activities, including trading on decentralized exchanges (DEXs).
Crypto investors have had a lot to celebrate lately. Bitcoin prices reached an all-time high last March, and Dogecoin more than doubled its value—not bad for a memecoin. The positive performance of some of the most important cryptocurrencies has fuelled optimism in this market.
How long should this moment last? Keep reading and find out.
Explaining the Bulls and Bears
For those new to this market, the mood swings of the crypto world are described as “bull phases” and “bear phases.” Digital assets are highly volatile, which means this market’s landscape can quickly change. However, sometimes, we identify recurring patterns in those “mood swings,” signalling an upward trend (bull) or a downward trend (bear).
We can earn high profits if we distinguish bulls from bears. These patterns give us valuable information for future decisions, such as when to invest in an undervalued niche or which cryptos to sell. The market for digital assets is vast, and not all swings are visible to the naked eye. That’s why we must use AI and advanced software to follow each move of the line in real-time.
Legal Affairs
I am also optimistic about the regulatory environment surrounding cryptocurrencies. Recently, anti-money laundering laws have been approved by European regulators. Meanwhile, Ethereum is only a few steps away from being classified as a security by the U.S. Securities and Exchange Commission.
Ownership of digital assets is also on the rise. Statistics from November 2023 show that there were about 575 million crypto users worldwide, following a sharp upward trend since 2016. Not all of them are investors, though. Many people use cryptos for e-commerce and online entertainment, for instance. So, clear regulations surrounding cryptocurrencies are great news for everybody.
So Far, So Good
Crypto investors seem optimistic about 2024, and they’re backed up by numbers. Bitcoin’s strong 2023 saw its price go up by 150%. Last March, the most famous crypto peaked at USD 73,750, an all-time high. Ethereum prices also went up by 5.8% during the same period after gaining 85% in 2023. From January until now, ETH has increased its value by 55.6%. Meanwhile, Dogecoin prices rose above 133% in one month.
Market players also seem happy about recent changes made by the SEC. In January, it approved 11 spot bitcoin ETFs. Until then, investors could only hold crypto derivative products when investing in cryptocurrency funds. Now, it’s possible to invest in those funds directly. As a result, trade volumes spiked in most spot bitcoin ETFs, consequently driving BTC prices to an all-time high in March.
Meanwhile, I’m eagerly waiting to see Ethereum spot ETFs. Companies like VanEck and BlackRock have pending applications with the SEC, which means that expectations regarding their approval are high. I believe that spot Ethereum ETFs have even more potential than their Bitcoin counterparts. Ethereum’s competitive edge would be its unique proof of consensus. This mechanism allows investors to earn via staking, a feature lacking in spot Bitcoin ETFs.
Bulls and Red Flags
I see as many reasons to be hopeful as there are to remain cautious, though. According to statistics from Coinglass, nearly USD 780 million worth of bullish crypto wagers were liquidated in 24 hours in mid-April; it’s the biggest drop in history. The evasive movement is likely due to current geopolitical tensions, leading investors to look for less volatile options, such as bonds or the US dollar.
The string of liquidations caused BTC to drop 7.5% during this period. Even Dogecoin lost part of its initial success, dropping 13%. However, market experts don’t see a reason for panic. Instead, they see this momentaneous downturn as an opportunity to invest ahead of the next upward movement. The next Bitcoin halving is expected to take place by the end of April.
Genius Dog (GENDOG) could become a viral memecoin, like Shiba Inu (SHIB) and DogWifHat (WIF).
Genius Dog (GENDOG), a Solana memecoin that was launched today, is set to challenge other popular memecoins, including Shiba Inu (SHIB) and DogWifHat (WIF).
Early investors in SHIB and WIF made astronomical returns, and Genius Dog (GENDOG) presents a similar opportunity.
Genius Dog (GENDOG) currently has a market cap of just around $10,000, with each coin trading around $0.00000273, meaning it has massive potential for early investors.
The exciting memecoin is poised to rally 2,400% in the next 48 hours, and Genius Dog could potentially reach a multi-million dollar market cap within a few weeks.
At the moment, Genius Dog (GENDOG) 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 Genius Dog on these platforms, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for GENDOG by entering its contract address – E71HZv2nu69w5U8RVM6QYUNy4JwcJjBhd5Kwu8jfAad4 – 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 GENDOG.