[ad_1] The newly launched native token for a Web3 infrastructure project skyrocketed by 38% this week despite the wider crypto market downtick. AVAIL, the utility token for the Avail ecosystem, is trading at $0.151, up from $0.109 seven days ago. The 190th-ranked crypto asset by market cap is also up more than 3% in the past 24 hours. Avail is a modular blockchain that bills itself as the “unification layer” for Web3. The project commenced development under the umbrella of the scaling solution Polygon (MATIC), but it spun off into an independent entity last year. Avail was co-founded by Anurag…
Author: dfrancis36
[ad_1] Meet Samuel Edyme, Nickname – HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme’s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of…
[ad_1] Two IMF officials pitched for steep electricity taxation on cryptocurrency miners and recommended increasing their average global electricity cost by 85%. The proposal has, in fact, called for a sharp rise in the electricity tax paid by crypto miners to drastically bring down carbon emissions from the mining of such cryptocurrencies, which have been rising and pose an environmental threat. IMF: Over $5 Billion In Taxes The International Monetary Fund says that a levy of $0.047 per kilowatt hour would bring in about $5.2 billion annually and trim global emissions by about 100 million tons, equivalent to current emissions…
[ad_1] The marketing lead of Shiba Inu Lucie (@LucieSHIB) has outlined the significance of the upcoming global ShibaCon conference in an X article. Scheduled for November 9, 2024, in Bangkok, ShibaCon is set to mark a pivotal chapter in the SHIB ecosystem, appealing to both long-time supporters and newcomers in the blockchain space. Shiba Inu’s First Global Conference In the article, Lucie laid out the multiple reasons why ShibaCon should be a marked event on every blockchain enthusiast’s calendar. “ShibaCon is more than just an event; it’s a pivotal moment in the Shiba Inu ecosystem and a must-attend for anyone…
[ad_1] An interoperable Ethereum (ETH)-based decentralized finance (DeFi) platform is skyrocketing after suddenly gaining support from Binance. In a new announcement, the world’s largest crypto exchange platform by volume says that it will be adding futures contracts for interoperability protocol Synapse (SYN). “To expand the list of trading choices offered on Binance Futures and enhance users’ trading experience, Binance Futures will launch the SYNUSDT Perpetual Contract at 2024-08-16 12:30 (UTC) with up to 50x leverage.” News of the listing sent SYN, the project’s native asset, flying. SYN is trading for $0.522 at time of writing, a staggering 32% increase during…
[ad_1] Two memecoins are currently capturing the spotlight: Pepe Unchained (PEPU) and Mpeppe (MPEPE). Both are riding high on the waves of meme culture and innovative features, and market watchers are eager to know whether they will experience a meteoric rise, potentially rallying by 1000%. Here’s a closer look at what the future might hold for these promising tokens. Pepe Unchained (PEPU): A Nostalgic Revival with a Modern Twist A Memecoin with a Mission Pepe Unchained (PEPU) is not just another memecoin; it’s a revival of the beloved Pepe meme with a strategic twist. Leveraging the viral success of Pepecoin,…
[ad_1] Dogecoin (DOGE) and Shiba Inu’s (SHIB) price actions have been unimpressive in the last 24 hours. This is mainly thanks to Bitcoin’s strong price correlation with the foremost meme coins, with the flagship crypto’s price also on the decline. Why Dogecoin And Shiba Inu’s Prices Are Down Dogecoin and Shiba Inu’s prices are down due to their strong positive price correlation with Bitcoin. Data from the market intelligence platform IntoTheBlock shows that Dogecoin’s price correlation with Bitcoin is currently at 0.97, while Shiba Inu’s price correlation with the flagship crypto is at 0.91. Related Reading: US Government Moves 10,000…
[ad_1] Litecoin (LTC) is making a strong comeback as a bullish reversal takes place, setting the stage for a potential move toward the $76.85 target. After bouncing off a critical support level, Litecoin has regained upward momentum, signaling renewed optimism among market traders. Key technical indicators now point to further gains, with $76.85 emerging as the next significant resistance level. As the market responds to this bullish shift, this article will delve into Litecoin’s bullish reversal and assess the significance of the $76.85 target and its implications for future price action. Litecoin has increased by 2%, trading around $65.37 in…
[ad_1] Recent data from Bitcoin Magazine Pro shows a significant trend among Bitcoin holders: nearly 75% of all circulating Bitcoin has remained dormant for over six months. This strong HODLing behavior reflects a steadfast belief in Bitcoin’s long-term value, despite market fluctuations. Bitcoin Magazine Pro X The “HODL Waves” chart, a tool that visualizes the age of Bitcoins based on when they last moved, illustrates how various groups of holders react to market conditions. The dominance of older coins (those held for 6 months or more) suggests that long-term investors are increasingly holding onto their Bitcoin, possibly anticipating future price…
[ad_1] Investors are continually seeking the next big opportunity. Recently, a noteworthy trend has emerged: experienced Ripple (XRP) investors are diversifying their portfolios by adding Mpeppe (MPEPE), a new and exciting token gaining traction in the market. Here’s why this shift is generating buzz and what it means for both tokens. Ripple (XRP) Investors Seek Diversification with Mpeppe (MPEPE) A Strategic Move for Higher Returns Seasoned Ripple (XRP) investors are making headlines by incorporating Mpeppe (MPEPE) into their portfolios. This move isn’t just a shot in the dark; it’s a strategic decision aimed at leveraging Mpeppe (MPEPE)’s potential for high…