On June 13, an unidentified hacker minted one billion HLG tokens by exploiting vulnerabilities in the Holograph operator smart contract. The Holograph team has patched the initial exploit and is collaborating with exchange partners to freeze the affected accounts. A decentralized finance researcher suspects a rogue developer orchestrated the attack. Holograph Contemplates Engaging Law Enforcement […]
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What are PolitiFi Tokens? Are they better investments than PEPE, DOGE and SHIB?
The cryptocurrency landscape has continually evolved, with new niches and innovative tokens emerging to cater to specific interests and communities. One such niche gaining traction is the PolitiFi token sector, which blends political engagement with the dynamic world of crypto. Among these tokens, MAGA VP ($MVP) stands out, capturing the interest of both political enthusiasts and crypto investors.
Understanding PolitiFi Tokens
PolitiFi tokens are designed to integrate political themes and movements into the cryptocurrency ecosystem, offering unique opportunities for engagement and investment. These tokens often align with specific political ideologies or figures, creating a community-driven platform that supports political campaigns, movements, and causes.
Beyond Hype: Real-World Utilities and Engagement
While some might view PolitiFi tokens as just another trend, they offer more than just hype. They provide tangible utilities and foster deeper political engagement through various innovative features:
- Donation Mechanisms: PolitiFi tokens can directly support political campaigns. For instance, tokens like MAGA VP facilitate donations to the Trump campaign, linking political support with financial contributions.
- Voting Applications: MAGA VP has developed a Voting DApp, allowing token holders to participate in selecting Trump’s Vice Presidential pick. This not only engages the community in the political process but also rewards participants, fostering a sense of involvement and incentivizing engagement.
The Unique Appeal of PolitiFi Tokens
PolitiFi tokens represent a genuine movement and support base, distinguishing themselves from tokens that primarily gain traction through hype and memes:
- Community Engagement: The deep attachment to the political cause ensures a highly engaged and active community. This engagement goes beyond financial speculation, as members feel part of a larger movement, driving real-world political action and support.
- Long-Term Vision: PolitiFi tokens often embody a long-term narrative, aligning with broader political goals and timelines. For example, the MAGA VP token is designed to support the MAGA movement over the long term, with plans for continuous engagement and utility expansion.
Blast’s Rebasing Stablecoin USDB Now Ranks 9th Among Dollar-Pegged Crypto Tokens
A new stablecoin has emerged among the top ten U.S. dollar-pegged tokens. Known as USDB, this auto-rebasing stablecoin was developed by the Blast team. Despite the stablecoin economy being underwhelming over the past 30 days, USDB has quietly secured the ninth-largest market capitalization among all U.S. dollar stablecoins. USDB Climbs the Ranks The decentralized finance […]
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Crypto Expert Reveals Top 7 AI Tokens For Massive 100x Growth – Don’t Miss Out!
The fusion of artificial intelligence (AI) and blockchain technology has captivated the crypto market, propelling the introduction of new tokens and their subsequent listings on prominent exchanges like Binance.
Interestingly, Binance recently published an updated article exploring the synergy between blockchain and AI, underscoring the potential of combining these two technologies.
Crypto analysts known as “Crypto Symbiote” confidently predict that this emerging trend and increased acceptance of AI will result in 10 AI-related tokens experiencing significant price surges, with the potential for gains ranging from 10x to an astonishing 100x.
After analyzing approximately 500 similar projects, “Crypto Symbiote” handpicked the top 10 AI tokens poised for exponential growth.
AI-Related Tokens Poised For Major Growth
Omni Network (OMNI): OMNI is an Ethereum-native protocol that facilitates rapid communication between Ethereum rollups. According to the analyst, unifying Ethereum as a single operating system provides a comprehensive learning, development, and operations environment. Given its use cases, this could increase its prospects for further price growth. OMNI is currently trading at , with a market cap of 3 million.
Numerai (NMR): Numerai presents a data science competition where participants build machine learning models to predict the stock market using obfuscated financial data. Stakeholders can earn or lose based on the performance of their models. With a current price of , NMR commands a market cap of 8 million.
SSV Network (SSV): SSV is a decentralized Ethereum staking network using Secret Shared Validator (SSV) technology. This approach splits validator keys into multiple KeyShares, allowing for fault-tolerant and non-custodial staking across multiple nodes. With a price of , SSV is one of the most popular AI tokens, and it has a market cap of 8 million.
From Crypto Web3 Domains To AI Monetization
Space ID Protocol (ID): SPACE ID serves as a universal name service network, providing a comprehensive platform for discovering, registering, trading, and managing web3 domains.
Its offerings include a multi-chain name service, software development kit (SDK), and application programming interface (API) for developers. ID is currently valued at .6, with a market cap of 9 million.
Golem Project (GLM): Golem is a decentralized platform that facilitates the sharing and access of computational resources. Users can share their unused computing power or utilize additional resources, with the GLM token facilitating transactions between providers and requestors. Priced at .44, GLM boasts a market cap of 5 million.
AltLayer (ALT): AltLayer is a decentralized protocol designed to enhance rollups’ security, decentralization, and interoperability. With a current price of .29, ALT’s market cap stands at 9 million.
NFPrompt (NFP): NFPrompt introduces a Web3 tool that enables users to monetize AI-generated content. Leveraging blockchain technology provides verifiable ownership of AI art, empowering users to express their creativity and profit from it. Priced at .43, NFP holds a market cap of 0 million.
Ultimately, the crypto analyst firmly believes that these selected AI tokens possess tremendous growth potential due to their underlying technology, potential for widespread adoption, and current undervaluation. However, investors must conduct thorough research and exercise caution when making investment decisions.
Featured image from DALL-E, chart from TradingView.com
Whale Deposits $21 Million In DeFi Tokens To Binance, Was It Justin Sun?
In the early hours of Monday, a dormant whale moved million worth of 4 DeFi tokens to the crypto exchange Binance. The news received mixed reactions from the community, which worries about an incoming dump amid the recent retrace of the crypto market.
Whale Deposits Million In DeFi Tokens To Binance
On Monday, on-chain analytic firm Spotonchain reported a dormant whale had deposited around million in crypto to Binance. After a year of holding, The whale sent 3,800 Maker (MKR) and 20,000 Aave (AAVE) to Binance.
The firm later revealed that the whale was seemingly Tron founder Justin Sun. Three of the 13 addresses believed to be owned by Sun were wallets that conducted the transfers.
Per the post, the whale deposited million worth of 4 DeFi tokens to Binance in 30 minutes. The addresses sent 93,979 AAVE, worth around .26 million, and 3,800 MKR tokens.
The addresses purchased the MKR tokens in June 2023 for .43 million, acquiring the 3,800 tokens at an average price of 1.81. Meanwhile, the AAVE tokens were bought from June 2023 until January 2024 at an average price of .14.
At the time of the post, the crypto whale had around million in estimated profits, .74 million from MKR, and 2,000 from AAVE.
Additionally, Sun sent over 4,000 and 200,000 Compound (COMP) and Liquity (LQTY) tokens to the exchange. The transactions account for 4,178 COMP, worth around 5,000, and 203,823 LQTY, worth approximately 7,000.
Are Sun’s Transfers Bearish Or Bullish?
The deposits raised concerns among the crypto community as deposits on exchanges are considered bearish and could significantly decrease a token’s price if dumped.
Nonetheless, some considered Sun’s movements as a bullish signal. An X user stated his optimism, claiming that whales “always deposit during the consolidation before the breakout.”
Similarly, other crypto investors believe it’s “time to load up on DeFi” and that “Justin is about to give us generational entry.”
It’s worth noting that the community closely follows Tron’s founder’s on-chain movements. As reported by NewsBTC, Sun is suspected to be the whale behind some of the massive Ethereum (ETH) purchases from Q1 2024. Sun seemingly bought over 1 million worth of ETH during the buying spree.
Despite the community’s reaction, the 4 DeFi tokens sent to Binance didn’t react significantly to the transactions.
After the news, AAVE saw a mild 1.4% drop to the .26 level before recovering the support zone. The token saw a 12.4% drop on Friday following the recent market downturn.
Similarly, MKR saw a sharp 10.6% decline over the weekend, falling from the ,600 to the ,300 price range. However, the token has seen a 3.1% price decrease in the last 24 hours. MKR dropped by 1.8% after the news but failed to recover in the following hours, currently trading below ,400.
Hulk Hogan’s X Posts Vanish After HULK Meme Token’s Sharp Rise and Fall
A new meme token, hulkmania (HULK), has recently entered the dynamic world of meme coins. It appears to have garnered attention from the legendary wrestler Hulk Hogan’s X account, which referenced it on the social media platform. However, the post on the @hulkhogan X account has been deleted, raising the possibility that his account may […]
Bitcoin News
Best 4 Altcoins to Buy for 10x Profits in June 2024: PolitiFi Tokens Leading The Charge
With the cryptocurrency market constantly evolving, investors are always on the lookout for the next big opportunity. Here, we highlight the top four altcoins that are poised to offer substantial returns in 2024.
1. MAGA VP ($MVP)
MAGA VP ($MVP) is making waves in the crypto community with its unique blend of political engagement and rewarding mechanisms. Known for its strong community support and strategic partnerships, $MVP offers token holders rewards in $TRUMP tokens and participates in significant political events. Recent developments include the launch of a new app featuring a prize pool for voting activities, making it a compelling investment for 2024.
2. NOT Token
Notcoin is a Telegram-based game that has garnered the interest of millions of players in recent months. The game has amassed a total of 35 million players, reaching a peak of six million daily active users. This makes it significantly more popular than most other crypto games.
After experiencing a retracement from its previous high, Notcoin (NOT) has started to show significant bullish momentum, capturing the attention of both traders and investors alike. This continuing upward trend suggests a strong level of market confidence and growing optimism regarding its future potential.
3. Solana (SOL)
Solana continues to be a favorite among investors due to its high-speed transactions and scalability. Solana (SOL) is an open-source project leveraging blockchain’s permissionless structure to provide decentralized finance (DeFi) solutions.
The platform has experienced a surge in the total value locked (TVL) in its DeFi applications. This trend is also boosting the popularity of meme coins on the Solana blockchain. Should market conditions shift, this dynamic could position Solana as a noteworthy crypto asset, making it one of the top altcoins poised for significant growth.
4. Ethereum (ETH)
Ethereum remains a cornerstone of the cryptocurrency market. With ongoing upgrades like Ethereum 2.0 and ETF involvement, ETH is set to maintain its position as a leading investment option. Despite facing criticism for high transaction fees, Ethereum remains a dominant force in the crypto space, powering thousands of applications and other altcoins with its robust blockchain infrastructure.
Conclusion
Investing in altcoins can be highly rewarding, especially with thorough research and strategic choices. The altcoins listed here, including MAGA VP ($MVP) and NOT Token, are set to deliver impressive returns in 2024. Stay informed and consider diversifying your portfolio with these promising assets.
Cover image from MAGA VP, Chart from Tradingview
Dubai Financial Services Authority Updates Regulatory Framework for Crypto Tokens
The Dubai Financial Services Authority (DFSA) announced amendments to its crypto token regime on Monday, enhancing the regulatory environment for crypto tokens in the Dubai International Financial Centre (DIFC), a special economic zone. The amendments address investment in recognized and unrecognized crypto tokens, custody and staking of crypto tokens, compliance with financial crime regulations including […]
Bitcoin News
Web3 Gaming Platform Zkasino Kickstarts Process Enabling Users to Retrieve Ethereum Tokens
The Zkasino team announced on May 28 that it had initiated a two-step bridge back process, allowing users to retrieve their ethereum tokens. Users have between May 28 and May 31 to bridge back their funds, after which the signup process will be closed, and deposits will be halted. Rug Pull Allegations The team behind […]
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Here Are The 3 Crypto Tokens That Earned A Trader $42 Million Profit In One Year
In cryptocurrency trading, remarkable success stories often emerge, showcasing the potential for significant returns. One such story is that of an anonymous crypto trader who recently managed to turn a portfolio of million into million over the course of a year, according to insights from Lookonchain, a crypto analytics platform.
This million profit highlights the trader’s smart money move in the volatile crypto market. The trader leveraged strategic investments in tokens such as PEPE, ONDO, and BEAM to achieve substantial gains.
Maximizing Returns Through Precise Market Timing
This trader’s journey began with a strategic crypto investment in PEPE, which alone yielded a return of million. The trader demonstrated a deep understanding of market trends and token potential by capitalizing on market timings and price fluctuations.
Notably, the trader’s investment in PEPE resulted in a 1203% return in gains. Initially investing 2,434 ETH (valued at approximately million) to acquire 3.97 trillion PEPE, the trader sold 125 billion PEPE for 350 ETH, or around .27 million, at peak prices.
The remaining holdings in PEPE were valued at .43 million, according to data from Lookonchain.
What a smart trader!
In just 1 year, his portfolio grew from M to M, earning M!
– Made M(+1203%) on $PEPE!
– Made .8M(+288%) on $ONDO!
– Made .85M(+72%) on $BEAM!
1/ Let’s dig into his trades.
pic.twitter.com/ahSmmwsJIz
— Lookonchain (@lookonchain) May 24, 2024
In addition to PEPE, the trader diversified their crypto portfolio by investing in ONDO and BEAM, each offering different returns and market behaviors. The investment in ONDO resulted in a .8 million profit with 288% return on investment (ROI), showcasing effective diversification and asset selection strategies.
While BEAM provided the least returns among the three, it still contributed positively to the trader’s portfolio. An initial investment led to a 72% ROI, which, although smaller relative to PEPE and ONDO, demonstrates the importance of portfolio diversification.
It is worth noting that such diversification in crypto helps balance the risks and enhance the overall stability of investment returns across different market conditions in the crypto market.
The 3 Crypto Tokens Performance Overview
Among the three tokens the trader utilizes to secure substantial returns on investment, PEPE has emerged as the leading performer, followed by ONDO and BEAM.
Recently, PEPE has achieved notable milestones, ascending to new all-time highs. Over the last week, the asset has experienced a surge of over 40%, and an additional 4% increase in the past day, reaching a new peak at .00001526.
Despite this recent uptick, PEPE’s value has receded by 6.8% from its highest point, now trading at .0000144.
Meanwhile, ONDO marked a new all-time high earlier today at .15 but has since retracted by 2.7%, with its current price at .12. This represents a substantial 15.8% increase within a single day, cementing a week-long upward trend that has seen the token’s price climb by nearly 20%.
BEAM, however, has shown more modest gains compared to the other two. Over the past day and week, it has recorded increases of 1.5% and 7.9%, respectively.
Currently, BEAM is trading at .02736. Notably, this marks a significant drop of approximately 38% from its early May high of .04416, indicating less volatility and smaller gains than its counterparts.
Featured image created with DALL·E, Chart from TradingView