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2024-05-07

Popular crypto exchanges(2023 Update) 2024-05-07
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Source: TradingViewThe price of Solana (SOL) has surged by 25% in the last seven days now, with the coin's rise to $24.21 also representing a 6% gain in 24 hours.This makes SOL one of the best-performing coins in the market right now, with the token also having appreciated by 23% in a month and by just over 140% since the beginning of the year.And with SOL's jump today coming when the market as a whole appears to be beginning a recovery, it's very likely that the altcoin could record further gains in the next few days and weeks.Solana Price Prediction as $1 Billion Trading Volume Sends SOL Flying Up 25% – Are Whales Buying?It will be particularly interesting to see whether SOL can break through its current resistance level (red) of about $25, with a sustained breakout being likely if it does manage to do this in the next couple of days.Source: TradingViewIt certainly has the momentum to reach some new levels at the moment, with its relative strength index (purple) breaking through the 70 level earlier today and still inching up towards 80.This would suggest that it's not about to lose momentum anytime soon, with its 30-day moving average (yellow) now on course to overtake its 200-day average (blue), something which could provide another source of a breakout.There's no question that SOL is very strong right now, with its 24-hour trading volume close to hitting $1 billion, which would be its highest since July.Such a spike in volume could indicate that whales and large investors are now accumulating the token once again, although there have been no especially large SOL transfers in the past couple of days, meaning that retail could be driving today's spike.Either way, some analysts are predicting big things for SOL, which had been oversold over the past couple of months but which had remained fundamentally strong despite this.Indeed, Solana's total value locked in has risen by 61% since the beginning of the year, suggesting that usage of its dapps and ecosystem is beginning to recover.As such, SOL could be on course for further gains in the next few weeks, especially after Visa announced last month the inclusion of Solana in its stablecoin trials, something which could be massive for the network going forward.For this reason, SOL can be expected to hit $30 in the next couple of weeks and to reach $35 or $40 by the end of the year.New Altcoins Bring New RalliesWhile SOL remains one of the most promising major tokens in the market, there are a number of alternative cryptocurrencies available right now, with several new presale coins looking set to have big listings in the next few weeks.One of the strongest such coins in terms of fundamentals is Bitcoin Minetrix (BTCMTX), a tokenized cloud mining platform that will make Bitcoin mining more accessible to retail investors.Impressively, Bitcoin Minetrix opened its presale last week and has already raised more than $300,000 so far, a sign that investors are impressed by its unique approach to Bitcoin mining.What Bitcoin Minetrix does is enable users to stake their Ethereum-based BTCMTX tokens so as to receive tokenized mining credits, which can then be used by holders to use Bitcoin mining hashpower.In other words, staking enough BTCMTX will allow holders to mine and earn actual BTC in return, which is why Bitcoin Minetrix promises to widen access to Bitcoin hashpower and mining.Its stake-to-mine platform is due to launch towards the end of 2023, with its native BTCMTX token having a maximum supply of 4 billion, with 1.4 billion being allocated to the presale, and with 15% going towards community rewards.Such rewards will help encourage holders to participate in the Bitcoin Minetrix ecosystem and promote it to other investors, who can join the token's presale by going to the official Bitcoin Minetrix website and connecting their wallets.1 BTCMTX will cost $0.011 during the sale's first stage, although this will rise to $0.01190000 by the tenth and final phase.As such, buyers will have to act speedily if they want to buy BTCMTX at the lowest possible price, because the coin could rally big once it lists on trading platforms in the next couple of months.Visit Bitcoin Minetrix NowDisclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.XRP Price Prediction as XRP Rallies Toward $1 Level – Time to Buy? Shortly thereafter, Israel entered a war with Hamas, nearly 50 years to the day since the last time the country experienced a surprise attack at such a scale. Over 1,000 Israelis have died since Saturday, with 2,500 people injured, according to local media, and over 100 children, women and elderly Israelis have been kidnapped and taken to Gaza. How and where to buy digital rupee?When it comes to gaming, a handful of developers have not just marked their presence but, in essence, have become synonymous with innovation. One such standout name is Grease Monkey Games, a thriving Australian-based subsidiary of Animoca Brands. Web 3 Gamer: Is there enough traction and interest on Web3 for a competitive stage that can make mainstream players willing to spend money?

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Bytecoin Crypto Community in Israel Unites to Launch 'Crypto Aid Israel' for Displaced Citizens Bursa's clearing house recognised by European securities authorityThe game has roles for everyone: The critic shared two videos featuring Cardano’s update, Hydra. One of the videos featured Hoskinson, and the other was by Pi Lanningham, chief technology officer at SundaeSwap Labs, a contributor to SundaeSwap, a decentralized exchange protocol for the Cardano Network.

By May, BRC-20 tokens, mostly memecoins, that had been developed on Bitcoin exceeded a collective market value of $900 million. On Oct. 5, the gold-backed digital token called, Zimbabwe Gold (ZiG), officially launched as a payment method. The launch was announced by the Reserve Bank of Zimbabwe (RBZ). The RBZ introduced its new project in April 2023, highlighting that every issued digital token would be backed by a physical amount of gold held in the bank’s reserves. The RBZ first started issuing physical gold-backed tokens in 2022, claiming their successful adoption. The mission behind both physical coins and the newly introduced ZiG is to persuade local investors to put their money into national assets and not United States dollars, which is not an easy task in a country with triple-digit inflation. RBZ Governor John Mangudya stated: “The issuance of the gold-backed digital tokens is meant to expand the value-preserving instruments available in the economy and enhance divisibility of the investment instruments and widen their access and usage by the public.”The digital tokens can be stored in either e-gold wallets or e-gold cards and are tradeable for peer-to-peer and business transactions. Related: Costo sells out of gold bars, but is it a better investment than Bitcoin?The RBZ reported several price levels, for which ZiG could be both, depending on the weight of its gold reserve. Thus, one can buy 1 ounce of ZiG for $1,910 and 0.1 ounce for $191. According to the bank, on Sept. 28, investors bought the equivalent of 17.65 kilograms (kgs) in ZiG, paying with Zimbabwean and U.S. dollars. The total amount of ZiG sold since the previous rounds of digital token sales stands at around 350 kg of gold. Zimbabwe has grappled with currency instability and rising inflation for more than a decade. In 2009, the nation adopted the U.S. dollar as its official currency in response to a period of hyperinflation that had rendered the local currency practically worthless. In an attempt to revitalize the domestic economy, Zimbabwe reintroduced its own currency in 2019. However, this move was followed by a resurgence of currency volatility.Magazine: Singer Vérité’s fan-first approach to Web3, music NFTs and community building 10 Best Anonymous crypto exchanges without KYC in 2023Beyond growth in mining power, Thiel also cited decreased curtailment as a reason why production has improved to 1,242 bitcoin last month — a 16% jump from August. Immersive experiences allow ValeVerse players to test their skills and abilities by tackling a series of missions in order to earn rewards.

Dogecoin’s popularity skyrocketed only a month after Markus and Palmer launched it. The Dogecoin website saw 1 million visitors within only 30 days. Three weeks after its launch, Dogecoin’s price jumped 300% in value in only 72 hours. In January 2014, Dogecoin’s trading volume briefly passed Bitcoin and all other cryptocurrencies combined. Amid the slump in the NFT trading volume, the top NFT developer, Yuga Labs, announced on Oct. 6 that it was cutting its workforce. What is a Bitcoin Wallet“Ankr is a prominent DeFi infrastructure company dedicated to making the decentralized world more accessible and user-friendly. We achieve this by providing a comprehensive Web3 infrastructure platform that caters to developers, enterprises, and end-users. Ankr's suite of services includes node hosting, staking, and developer-focused offerings such as RPC nodes and app chains. Our services are designed to be cost-effective, scalable, and secure, making it easier for developers to build decentralized applications (DApps) and for end-users to access and interact with the DeFi ecosystem. You probably already used some of our services without even knowing, and we partner with major DeFi projects like Aave, 1inch, SushiSwap, and several major L1's.” The tweet also accused certain media outlets of serving the interests of these elites by consistently launching unwarranted attacks on XRP, aiming to undermine its value and credibility among the general public.


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