The post Top Altcoins To Buy As Bitcoin Price Rallies Post Halving Event appeared first on Coinpedia Fintech News Bitcoin (BTC) price rallied as high as $67,200 in the past 24 hours, fueled by tradersâ optimism following the weekendâs halving event. The flagship coin is aiming to reclaim $70k in a bid to rally towards a new all-time high (ATH) in the coming weeks. Furthermore, Bitcoin miners, a major source of selling pressure, have not been selling in recent times despite the increment in mining difficulty. As of this report, Bitcoin traded around $66,300, thus triggering heightened altcoin volatility led by Solana (SOL) and Ripple-backed XRP. Top Altcoins on Santimentâs Buy List #Altcoin markets are riding high as #Bitcoin's rebound back above $67K has allowed profits to resume redistributing into more speculative #cryptocurrency assets. According to @santimentfeed's dashboard, the tokens receiving the highest increase in discussion are:⊠pic.twitter.com/TjXHOdb0LFâ Santiment (@santimentfeed) April 23, 2024 According to market intelligence platform Santiment, short-term Bitcoin traders have begun distributing profits to more speculative altcoins led by meme coins. Furthermore, a Bitcoin rise in the near term will move with the altcoins, thus guaranteeing a palatable return. Popcat (POPCAT) In the meme coin section, Santiment noted that POPCAT, a Solana-based project, has become the most popular among speculative investors. According to the latest market data, the price of POPCAT has rallied about 30 percent in the past 24 hours to trade around 38 cents. It is worth noting that the small-cap altcoin had a fully diluted valuation (FDV) of around $371 million and a 24-hour average trading volume of about $117 million. The recent POPCAT price jump has pushed the meme coin to retest its ATH, with high expectations of price discovery in the coming weeks. Amp (AMP) In the DeFi-based altcoin category, Santiment noted that Amp (AMP) has registered a sharp uptick in trading volume, which is alluring for speculative investors. According to market data provided via Binance-backed Coinmarketcap, AMP registered a 50 percent spike in daily trading volume to about $25 million on Tuesday during the early Asian session. With an FDV of about $796 million, the small-cap altcoin gained over 22 percent in the last seven days to trade around $0.0079.
The post Terra vs SEC: SEC Imposes $5.2B Penalties on Terraform Labs and CEO Do Kwon for Crypto Misleading appeared first on Coinpedia Fintech News After a nine-day trial, Terraform Labs and its former CEO, Do Kwon, were found guilty of misleading investors in crypto assets. They violated the Securities Act 1933 by selling crypto assets without proper registration. Director of the SEC, Gurbir S. Grewal, supports the decision of the jury. He points out that the company and Kwon have given false information about Terra USDâs stability and its use of blockchain. This has resulted in huge losses for investors and a drop in market value. Grewal emphasised on the necessity of compliance in the crypto industry and promises to keep protecting investors. Following this judgement, the SEC has heavily fined Terraform Labs and Do Kwon. Read more: Terra vs SEC: Jury Delivers Verdict in $40 Billion Crypto Fraud Case SEC Pursues $5.2B Penalties Against Terraform and Do Kwon The SEC has imposed substantial penalties totaling $5.2 billion on Terraform Labs and its co-founder, Do Kwon. On April 19, the SEC filed in a New York court, demanding $4.7 billion as repayment and interest. They also want $520 million in fines: $420 million from Terraform and $100 million from Kwon. Terraform suggested a $3.5 million penalty, and Kwon proposed $800,000. In addition, the SEC wants Kwon to cease being an officer or director of security companies and wants Terraform to follow the rules to avoid further challenges. Read more: Terralabs vs SEC: Fraud or Failure? Trial Heats Up as Accusations Fly SEC Points to No Remorse and More Violations The SEC said the defendants have no regrets and might violate the rules again. They accused Terraform and Kwon of misleading investors about TerraUSD (UST), Luna, and wLUNA. Kwon also has legal issues in Montenegro and could face charges in the U.S. and South Korea. Terra Investors Watch Price Moves Amid Legal Issues for Do Kwon Terra (LUNA) investors are closely monitoring the prices. Founder Do Kwon is under house arrest and might be jailed after being convicted of fraud. The SEC accused him of deceiving investors about TerraUSD and its use with a Korean app. Despite these legal issues, Terra Luna Classic (LUNC) âs price shows potential growth. Analysts have predicted a target price of $0.00058 during the bull run. Terraâs current price is $1.049247 per LUNA/USD, with a market cap of USD 716.88 million. The 24-hour trading volume is USD 140.55 million, with rising futures indicating a market recovery. Read more: Terra vs SEC: Terraform Labs Presents Closing Arguments in Civil Fraud Trial Amidst Allegations of Investor Deception
The post Top 3 Crypto Coins In the Spotlight: Immutable (IMX), Stacks (STX) and KangaMoon ($KANG) appeared first on Coinpedia Fintech News The cryptocurrency market sees new tokens emerge every day with the promise of rising above the ranks. This has made it a herculean task for traders and crypto enthusiasts to determine which token would rise. However, with extensive research, analysts have identified some tokens currently in the crypto spotlight. Tokens such as Immutable (IMX) and Stacks (STX) have garnered widespread attention, attracting traders and crypto enthusiasts to their network. Aside from this, new entrant, KangaMoon (KANG) has proven to be an upcoming giant with the potential to multiply gains and redefine the meme coin market. Analysts Bullish On Stacks (STX) After Recording 200% Yearly High Since its establishment in 2017, Stacks (STX) has been a formidable force in the cryptocurrency market. Known as an open-source blockchain network, Stacks allows smart contracts to be built on the Bitcoin blockchain, emphasizing the security and privacy of assets. In the last year, Stacks has proved its mettle after recording a whopping 200% plus increase in value. However, amidst the recent market downturn, the token has gone down 18% in the last month. Also, the token has witnessed a decline of about 11% in the last 7 days. Currently trading within a weekly price range of $2.75 and $2.47, analysts believe that the incoming bull run would see the native Stacks token rise and surge in value. Immutable (IMX) Exhibits Bullish Tendencies Despite Bear Market Similarly, Immutable (IMX) has witnessed a significant surge in the last year, rising by over 96% in the last year. The token, however, has suffered a decline of about 22% in the last month with 14% in the last 7 days. However, the token looks to be setting up for an upcoming high, with its market cap and trading volume on the rise. Currently trading within a weekly price range of $2.38 and $2.05, Immutable boasts a market cap of nearly $3B. While it continues to perform in the broader cryptocurrency market, analysts are projecting a coming surge shortly KangaMoon (KANG) Attracts Crypto Traders With Successful Presale Since the beginning of its presale phase, KangaMoon (KANG) has climbed the ladder of success, exhibiting immense potential to become one of the top cryptocurrencies in the meme coin market. With innovative features and an emphasis on community building, KangaMoon intends to create a budding environment dubbed âKangaverseâ for users and gamers to thrive. By integrating SocialFi and GameFi elements into its network, KangaMoon has birthed an interactive ecosystem that not only allows users to enjoy an immersive gaming experience but also gives them a chance to earn from it. Currently in the fifth stage of its presale campaign, KangaMoon has surpassed expectations after crossing a whopping $5M in presale revenue. At this pace, analysts are touting it to reach $7M before the end of the month. Meanwhile, KangaMoon ongoing presale has already awarded early buyers with a whopping 290% return on investment after its price surged from an initial offering price of $0.005 to $0.0196. Besides, users can also earn free KANG tokens ahead of the official launch by engaging and sharing posts on the tokenâs social media platform. With an emphasis on community building, KangaMoon currently boasts of a rapidly growing community of over 20,000 registered users, including over 6,000 token holders. As the presale draws close to an end, coupled with an anticipated listing on major tier-1 exchanges come the end of Q2, analysts are touting the KANG token to potentially surpass the $1 price mark before the end of the year. Discover the Exciting Opportunities of the KangaMoon (KANG) Presale Today! Website: https://KangaMoon.com/ Join Telegram Community: https://t.me/KangaMoonofficial
The post Post Bitcoin-Halving Analysis : Potential for a Short Squeeze in Crypto Markets appeared first on Coinpedia Fintech News After halving, Bitcoinâs price has been attempting to stabilize after reaching $64,926.64 over the weekend, with a slight increase bringing it to $66,500. According to a recent market update from crypto hedge fund QCP Capital, there are notable observations regarding the post-halving scenario and the broader crypto market. QCP Capital points out that while funding rates have cooled off from high levels, some smaller cryptocurrencies are experiencing deeply negative rates. This negative finding suggests the potential for a short squeeze, particularly in altcoins and meme coins, which could lead to upward price movements if risk appetite returns. Hereâs what it means for you: Aftermath of Halving In the latest report from QCP Capital, Bitcoinâs fourth halving was recently completed, but its price didnât move much afterward. However, historical data suggests that Bitcoin tends to rise 50-100 days post-halving, allowing bullish investors to build long positions soon. Thereâs also talk about a potential short-squeeze in the near term, led by altcoins and memecoins with negative funding rates. Meanwhile, Ethereumâs risk reversals are looking up, hinting at improved speculative sentiment. Bitcoin on a Double Edge Sword: Buy or Sell? QCP recommends bullish BTC positions using Extended Range Knockouts (ERKOs) for trading, offering attractive risk-reward ratios for long-term optimism. They suggest buying BTC at a discount of around $55,000, anticipating a surge post-halving, particularly with options like the BTC Accumulator expiring on September 6, 2024, with a $55,000 strike price and $80,000 upper barrier. However, experts like Markus Thielen of 10x Research advise caution. They foresee potential market weakness and a deeper correction in the coming months. Despite this, historical patterns indicate an exponential rise in Bitcoinâs price post-halving, providing hope for bullish investors. Technically, Bitcoin presents mixed signals for price direction, with indicators like EMAs and SMAs suggesting buying sentiment, while others like RSI and MACD signal short-term bearishness. Key support levels at $62,467, $53,650, and $39,169 are critical for gauging buying interest and potential price movements. Will you hold or buy at this moment? Tell us.
The post Pendle Price Soars 11% Today! PENDLE To Hit New ATH This Week? appeared first on Coinpedia Fintech News The Pendle token has caught the attention of the market with the networkâs unique ability to bring native crypto protocols to the DeFi. Recently, the Pendle price successfully claimed the 63rd spot in the list of top 100 cryptocurrencies by market cap with a valuation of over $1.55 Billion. In addition to this, the co-founder of BitMex, Arthur Hayesâ has recently endorsed Pendle as an important derivate exchange at the Token 2049 in Dubai, resulting in the price recording a jump of 10% within the past 24 hours with its volume recording a surge, of 124.86% during this time.  Pendle Token Records A Bullish Price Action! The Pendle token has displayed a bullish price action since the year started, indicating a positive outlook for this altcoin during the upcoming months. Despite the altcoin trading in a closed range since the start of April, the Pendle price has successfully recorded a new ATH of $7.52 on 11th April. TradingView: PENDLE/USDT Following this, the bulls lost momentum and recorded a correction of 12.35%. Since then, the coin has been trading between $5.735 and $7.00. However, at the time of writing, the price of the Pendle token was $6.510 with a 30-day return of 90.85% and a Year-to-Date (YTD) gain of 448.10%. The Moving Average Convergence Divergence (MACD) displays a constant decline in the red histogram, indicating a decrease in the selling pressure. Moreover, the averages show high potential for a bullish convergence in the 1D time frame, suggesting a bullish outlook for the altcoin in the coming time. Will PENDLE Price Increase? If the market pushes the price above its important resistance level of $7, the bulls will regain momentum and retest its ATH of $7.52 this week. Maintaining the price at that level will set the stage for the PENDLE price to attempt to test its upper resistance level of $8.50 this month. Conversely, if a trend reversal occurs, the bulls will start trading under a bearish influence and test its support level of $5.73. Furthermore, if the bears continue to dominate the market, it will plunge and prepare to test its lower support level of $4.785.
The post How to Earn $1,000 Worth of Bitcoin Using Cryptocurrency with Simpleminers Cloud Mining Platform appeared first on Coinpedia Fintech News On the 12th of last month, the price of Bitcoin hit a record high of $72,953. With Bitcoin halved this month, the price will hit a record high again in the future. Investors holding Bitcoin today will be more confident than before. After this round of price carnival, the confidence of Bitcoin investors has indeed been greatly improved. The author believes that now is still an ideal cycle for investing in Bitcoin. For example, several people have achieved excellent investment results of making $1,000 a day by investing in Simpleminersâ cloud mining contracts. Simpleminers Cloud Mining is a shared mining business launched by the worldâs top Bitcoin miners. Investors do not need to purchase mining machines, rent sites, operate and maintain. Through this method of investing by simply purchasing a computing power contract, investors do not need to bear the costs of mining machines, sites, energy, maintenance, labour, etc., nor do they need to worry about whether they can mine Bitcoin. Simpleminers executives told the author that the cloud mining business can ensure that Simpleminers has a steady stream of funds to deploy computing power to increase Bitcoin production. Investors can avoid the risk of asset fluctuations caused by directly holding Bitcoin, and can also avoid the unpredictability of output faced by their own investment in mining. This is a great win-win project for everyone. According to friends who invest in Simpleminers, you can earn at least 3 types of income by investing in Simpleminersâ computing power contract: â Registration bonus: Download and register a Simpleminers account to get a US$10 registration bonus; âĄDaily income: Purchase a computing power contract and obtain the daily income of the contract (the maximum daily income rate is 3%); âą Invitation income: By inviting friends to invest in Simpleminers, you can get a reward of 3% of your friendâs investment. If your friend invites his friends to invest in Simpleminers, you can also receive a 1% bonus on their investment. Investing in Simpleminers and making $1,000 a day is completely achievable. Investing in Simpleminers cloud mining contracts is very simple. All you need to do is complete three steps: 1: Create an account at Simpleminers. (This is super simple. You only need to click on the official website to register, fill in your email address, login account, login password, etc. in the form to complete the registration.) You can also get 10 US dollars in experience funds when you create an account, which is very considerate. 2: Select the contract that suits your purchase and purchase it. Simpleminers provides you with a variety of contracts with different âhash powerâ amounts. You can invest starting from $100, and the daily return rate is as high as 3%. You can choose any of them, or buy multiple different contracts or multiples of the same contract, depending on your needs. 3: Pay the required amount to the contract. After the payment is completed, no additional operations are required, and you can just sit back and wait for the benefits. In addition, Simpleminers provides 24-hour online service from a team of experts and pays out profits daily. It also provides customers with mobile APP download services to facilitate usersâ contract purchase and redemption operations, ensuring the security and visibility of user funds. Simpleminers does not charge any maintenance fees except for contract fees, making it a truly low-cost, high-yield cloud mining platform. If you are also interested in making money from Simpleminers and want to know more about Simpleminers, you can now log on to their official website: simpleminers.com Donât miss out on this opportunity. Start earning today, and donât forget to download the Google Play or Apple Store applications for additional rewards. Company name: SimpleMiner Company website: simpleminers.com Company email: info@cryptomining-uk.com Company address: 102 Middleton Road, London, United Kingdom
The post THETA and Immutable X (IMX) Investors Keeping One Eye on the Fast Approaching Raboo (RABT) Presale appeared first on Coinpedia Fintech News As THETA and Immutable X (IMX) investors draw their attention to Rabooâs (RABT) presale, excitement mounts in the crypto community. With Rabooâs entry-level token presale priced at just $0.0036 and projected to surge 100x in 2024, coupled with its impact on the $62 billion meme market, investors are keeping a close watch on what is deemed hot crypto to buy right now. The launch of Raboo adds an extra layer of anticipation to the fast-paced world of crypto ICOs. Exploring Theta (THETA): Revolutionizing decentralized video streaming Theta (THETA) stands out in the crypto landscape with its innovative features catering to decentralized video streaming. Its peer-to-peer (P2P) network disrupts traditional models by utilizing usersâ idle bandwidth for content delivery, promising improved quality and reduced costs. THETAâs dual-token system, comprising THETA and Theta Fuel (TFUEL), ensures efficient governance and microtransactions within the network. Furthermore, its Content Delivery Network (CDN) provides a decentralized alternative to traditional CDNs, enhancing reliability and scalability. Users can contribute as âEdge Nodesâ to earn TFUEL rewards, fostering community participation. With benefits for both content creators and viewers, including reduced costs and enhanced video quality, THETA emerges as a leading solution in revolutionizing the video streaming industry. Unlocking NFT potential: Immutable X (IMX) revolution Immutable X (IMX) revolutionizes NFT trading with its cutting-edge features. As a layer-two scaling solution on Ethereum, Immutable X (IMX) offers lightning-fast transactions and significantly lower fees compared to the Ethereum mainnet. Powered by zk-rollups technology, it ensures secure and efficient processing of transactions while maintaining Ethereumâs security. Immutable X (IMX) facilitates a seamless user experience, with near-instantaneous NFT trading and reduced gas fees, making it ideal for both creators and collectors. Moreover, Immutable X (IMX) simplifies the development of NFT marketplaces and games with features like a shared global order book and NFT-specific wallet experience. The native IMX token plays a pivotal role in the ecosystem, enabling fee payments, staking for rewards, and governance participation. Raboo (RABT): Unveiling the hottest features of the memecoin revolution Raboo (RABT) emerges as a hot crypto to buy, boasting a fully audited contract on the Ethereum blockchain, ensuring reliability and security for investors. The exclusive NFT launch presents an enticing opportunity for presale token holders to unlock potential rewards. Moreover, Raboo offers a unique Post-to-Earn platform, enabling memecoin enthusiasts to monetize their social media content, fostering community engagement and participation. With an engagement-focused approach, Raboo hosts exciting prize draws, giveaways, and community events. Raboo (RABT) features a unique tokenomics framework, offering an epic adventure through meme culture. This framework creates an engaging environment for users to explore and participate in meme-related activities, contributing to the vibrant and dynamic Raboo community. By combining security, exclusive rewards, and innovative engagement strategies, Raboo stands out as a promising investment option in the crypto ICO market, catering to both meme enthusiasts and investors alike. Conclusion As THETA and Immutable X (IMX) investors are drawn to Rabooâs (RABT) presale, anticipation runs high in the crypto community proving a promising investment option in the crypto ICO market. With Raboo positioned as a hot crypto to buy and its presale running at full steam, investors recognize its potential to shake up the market, sparking excitement and interest across the board. You can participate in the Raboo presale here.
The post BlockDAGâs Innovative Moonshot Teaser Skyrockets Presale To $19.3M, Outperforming Ethereum And Chainlinkâs Market Movements appeared first on Coinpedia Fintech News Cryptocurrency world-wise, innovative technology coupled with a strategic marketing approach is increasingly essential for standout success. While well-established players like Ethereum and Chainlink continue to enhance their offerings, BlockDAG steals the spotlight as we move into 2024 with its advanced mining solutions and a recently released teaser for an upcoming moon-based keynote. Furthermore, the release of a detailed technical whitepaper has solidified BlockDAGâs potential for a staggering 30,000x ROI. This article delves into the competitive performances of Ethereum and Chainlink, focusing significantly on how BlockDAG leverages its unique consensus mechanisms and mining technologies to secure over $19.3 million in presale funds. Ethereumâs Resilient Price Recovery Ethereum has shown promising signs of recovery, climbing above the $3,000 resistance level and approaching $3,120. Despite facing resistance near $3,280, Ethereumâs persistence in the market is evident as it fluctuates just below the $3,200 mark. The key resistance levels are currently pegged at $3,250 and $3,280, with potential peaks up to $3,500 if these barriers are overcome. Ethereumâs recovery outlook remains cautiously optimistic, supported by strong bases at $3,000 and $2,900 which are crucial for sustaining its upward trajectory. Chainlink Eyes a Bullish Reversal Chainlink has also displayed a notable increase, with a 6.97% rise to $14.41, hinting at a potential trend reversal. Crypto analysts point to this period as an opportune moment for accumulation, emphasizing the inherent market volatility. Positioned near a cycle low, Chainlink is poised for a potential rally, assuming investor sentiment remains positive and market strategies are carefully researched and applied. BlockDAG: Setting a Path to $10 by 2025 BlockDAG has made significant strides, marked by the release of a groundbreaking moon-based keynote video teaser, signaling ambitious future developments. This marketing prowess is expected to significantly enhance its profile, pushing the presale price from $0.005 to $0.006 in the forthcoming Batch 10, and setting a trajectory toward a $10 valuation by 2025. BlockDAGâs robust technology foundation and innovative mining techniques are pivotal to its success, characterized by eco-friendly mining processes that are less resource-intensive and quieter, making it an appealing choice for environmentally conscious investors. The technologyâs appeal is broadened by its efficiency; it minimizes device strain by utilizing fewer resources and consuming less power, which has helped amass an impressive $19.3 million in presale funds. BlockDAGâs use of a hybrid consensus protocol in its DAGPaper enhances security and scalability, supporting sustainable practices with high transaction throughput capabilities of 10,000-15,000 TPSâunderscoring the brandâs potential for a 30,000x ROI. Conclusion: Why BlockDAG Dominates the Investment Landscape As Ethereum and Chainlink navigate through market recovery and potential growth phases, BlockDAG sets itself apart with superior technology and a strong mining infrastructure. With its innovative moon-based keynote teaser creating significant buzz, BlockDAG not only dominates the current crypto presale landscape but also establishes itself as a prime candidate for investors seeking exponential returns, demonstrating why it is positioned as the top crypto investment for 2024. Join BlockDAG Presale Now: Website: https://blockdag.network Presale: https://purchase.blockdag.network Telegram: https://t.me/blockDAGnetworkOfficial Discord: https://discord.gg/Q7BxghMVyu