Day: October 8, 2024

Only 43 Tokens Have Outperformed Bitcoin This Year, Most Of Them Memecoins

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Este artículo también está disponible en español. In a year marked by significant volatility in the cryptocurrency market, memecoins have emerged as key players, outperforming Bitcoin (BTC) and the rest of the largest cryptocurrencies in the ecosystem.  This trend was underlined by recent insights from market expert Miles Deutscher, who highlighted a presentation by memecoin analyst Murad at the TOKEN2049 conference in Singapore.  Memecoins Challenge Traditional Cryptocurrencies According to Murad, only 43 tokens have surpassed Bitcoin’s performance in 2024, with 13 of those being memecoins. Notably, eight of the top…

Shiba Inu Price Set To Rally Over 2430% To $0.000047 As Trend Oscillator Turns Bullish

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Este artículo también está disponible en español. The price of Shiba Inu might be currently declining, but an analyst says the meme coin is gearing up for a bullish run as it is currently flashing a buy signal. According to Cantonese Cat, SHIB is now flashing a strong buy signal based on the L3 Banker Fund Flow Trend Oscillator, a relatively lesser-known indicator.  In a detailed breakdown shared via a YouTube video, Cantonese Cat explored SHIB’s recent price action in conjunction with this oscillator, revealing that it is ready for…

Coinbase warns Gen Z about growing online threats

Coinbase is raising awareness about the rise of online scams targeting younger users, particularly Gen Z.  In a blog post published on Oct. 8, Coinbase outlined four online threats Gen Z should be aware of, including social media fraud, romance scams, fake websites, and recovery schemes. Coinbase emphasized that crypto users must take personal responsibility for securing their assets. Unlike traditional banking, where institutions provide a level of security, crypto owners control their assets directly, making them both their own safeguard and biggest security risk. Social media scams One of…

Microstrategy’s Stock Surges 185% in 2024, Outpacing Bitcoin Holdings

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On Tuesday, while bitcoin dipped more than 2% against the U.S. dollar, shares of the business intelligence firm Microstrategy soared over 6% from the day before. The company’s stock has outpaced bitcoin’s performance this year, climbing over 185% since January compared to bitcoin’s 47% increase. Microstrategy’s Stock Climbs 185% Year-to-Date, Other Firms Test the Holding […] Original

TON Recovery Stalls: Another Price Decline Hinders Bullish Efforts

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TON is facing renewed selling pressure as its price takes another dip, putting its recovery efforts in jeopardy. Despite previous attempts to regain bullish momentum, the cryptocurrency now struggles to hold its ground as it slips further below key support levels. With bears seemingly regaining control, the market is closely watching whether the current support levels can hold. As TON struggles to maintain its ground, the outlook becomes increasingly uncertain, with more downside risks looming. This piece aims to explore TON’s ongoing struggle to regain a bullish trajectory as a fresh…

Crypto’s Token Lockup Orthodoxy Is a Scam

The dominant model of token distribution in the crypto space these days is the so-called “low-float, high FDV” launch. In this model, projects launch with a low fraction of the total supply in circulation, where most of the supply is locked, typically unlocking gradually after a year. This low circulation is often coupled with, and perhaps even explicitly designed to encourage, a high fully-diluted valuation. According to research by CoinGecko, today nearly a quarter of the industry’s top tokens are low float. Notable recent launches which used this model include…

Binance To List New Ethereum Layer-2 on Exchange’s First Pre-Market Trading Launch

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Binance, the largest digital asset exchange in the world, is about to list its first pre-market altcoin for trading. In a blog post, the exchange says it is listing the new Ethereum (ETH) layer-2 Scroll (SCR) on the Binance Pre-Market platform, a service announced last month that allows users to acquire tokens in advance of their official spot listing. Says Binance, “Binance will be the first platform to list the token mentioned herein, with Pre-Market trading starting at 2024-10-11 10:00 (UTC). Any claims to offer this token for sale before…