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The post Navigating the New Crypto Cycle: Top Altcoins to Watch in 2024 appeared first on Coinpedia Fintech News Cryptocurrency is booming like never before, attracting a lot of money. But there is also fear and FUD in the market right now because of the Fed rate cut decision and geopolitical issues circling crypto. Bitcoin is facing the Top and top-and-bottom cycle, bringing a good chance for other low-cap coins to capture the market. Analysts think this cycle could be huge, especially for altcoins and AI tokens. With Bitcoin’s halving coming up, and new exchange-traded funds (ETFs) gaining traction, the market’s getting ready for some big changes. Analysts, like James from Invest Answers, believe this cycle could surpass previous ones due to less market manipulation and increased institutional interest. Altcoins and AI tokens could be game-changers. For Bitcoin, he shared conservative price projections, suggesting potential price targets exceeding $200,000 to $250,000 by mid-2025, driven by institutional inflows and supply scarcity. Top Altcoins to watch out for in this Cycle! In a recent interview with Altcoin Daily crypto analyst James of InvestAnswers, discussed a range of altcoins, shedding light on their potential in the current market cycle. Solana Analysts expressed a bullish sentiment towards Solana, citing its impressive throughput, low transaction fees, and burgeoning user base. He emphasized Solana’s dominance in terms of daily active users and transactions compared to other leading chains like Ethereum. This assessment underscores Solana’s growing prominence within the crypto market. NANO Within the Solana ecosystem, James highlighted an AI-oriented project called NANO. Despite its relatively low market capitalization, James views NANO as a promising investment due to its potential value proposition. He emphasized the significance of its compute capabilities, hinting at its potential to play a pivotal role in the evolving landscape of artificial intelligence. Render Another project mentioned by James is Render, which operates within the realm of AI and compute. Render’s strategy of leveraging compute from projects like NANO underscores its innovative approach and potential for growth. James sees promise in Render’s ability to enhance its offerings by tapping into the computational resources of other platforms. Other Altcoins While James briefly touched upon other altcoins like Bass, Tau Bit, and Sore, his focus remained on projects like NANO and Render due to their compelling fundamentals and potential upside. He emphasized the importance of thorough analysis and strategic investment decisions, particularly in the downtrend market. While there are predictions of a market crash post-halving, experts see this as a good opportunity to buy the dip as the market is expected to boom in Q2.
The post How Scorpion Casino Compares to Other Crypto Casinos – SCORP Token Off To Great Start on Exchanges appeared first on Coinpedia Fintech News Scorpion Casino, the trailblazing crypto gambling platform, is setting new standards in the industry, leaving its competitors in the dust. With the successful launch of its $SCORP token scheduled on multiple exchanges on April 15th at 2 PM (UTC), Scorpion Casino is proving that it’s a force to be reckoned with in the world of online gambling. A Token That’s Taking the Market by Storm The $SCORP token has hit the ground running, making a strong debut on various exchanges. With a listing price of $0.05, the token has already garnered significant attention from investors and gambling enthusiasts who recognize its immense potential. As the token gains traction and more users discover the benefits of the Scorpion Casino ecosystem, the demand for $SCORP is expected to soar, driving its value to new heights. What distinguishes the $SCORP token is its integral role on the Scorpion Casino platform. Not only does it grant access to an unparalleled selection of betting opportunities, casino games, and live games, but it also serves as the backbone of the ecosystem’s unique reward system. The platform’s success and growth intrinsically link $SCORP through daily revenue generation, buy-back, burn, and reward mechanisms, positioning token holders to benefit from the platform’s success. An Ecosystem That Outshines the Competition Scorpion Casino is not just another crypto casino – it’s a comprehensive ecosystem that is revolutionizing the online gambling experience. The platform boasts an unrivaled selection of over 30,000 monthly betting opportunities, 210 casino games, and 160 live games, all hosted on a licensed, transparent, and provably fair platform. What truly sets Scorpion Casino apart from its competitors is its unwavering commitment to fairness, security, and transparency. The platform operates under the strict oversight of the Curacao eGaming licensing authority, ensuring that it adheres to the highest standards of integrity and player protection. Furthermore, Scorpion Casino has undergone a rigorous audit by Solidproof, confirming its 100% security and trustworthiness. A Community That’s Reaping the Rewards One of the key drivers behind Scorpion Casino’s success is its vibrant and engaged community. $SCORP token holders are actively benefiting from the platform’s generous daily staking rewards, creating a sense of loyalty and enthusiasm that is unmatched in the industry. The platform’s commitment to rewarding its users is evident in every aspect of its ecosystem. From the exclusive benefits offered to presale participants, such as up to 40% casino credits and participation in a 250K giveaway, to the daily revenue sharing and reward system, Scorpion Casino has created a user experience that is both engaging and financially rewarding. A Future Filled With Promise As Scorpion Casino continues to establish itself as a leader in the crypto gambling industry, the future looks exceptionally bright for the $SCORP token and its holders. The platform’s ambitious roadmap, which details its development and expansion plans, showcases a project that is committed to long-term growth and success. Scorpion Casino is well-positioned to navigate the challenges and opportunities of the evolving online gambling landscape, thanks to its strong foundation of security, transparency, and regulatory compliance. As more users discover the benefits of the platform and its $SCORP token, the potential for growth and adoption is immense, making it an exciting prospect for investors and gambling enthusiasts alike. In conclusion, Scorpion Casino is setting a new standard in the crypto gambling industry, leaving its competitors in the dust. With the upcoming launch of its $SCORP token on multiple exchanges, a comprehensive ecosystem that outshines the competition, a thriving community that’s reaping the rewards, and a future filled with promise, Scorpion Casino is poised for greatness. As the platform continues to innovate and expand, the $SCORP token is sure to remain a top performer, offering investors and users alike the opportunity to be part of a revolutionary project that is reshaping the future of online gambling. Follow Scorpion Casino on their social media channels to stay updated on the latest developments, offers, and news. Claim your place in the Scorpion Casino revolution today for an unparalleled luxury gambling experience. Scorpion Website | Twitter | Telegram
The post Bitcoin Price Reclaims $65k, But Analyst Says Crypto Market Is Not Out of the Woods appeared first on Coinpedia Fintech News The cryptocurrency market cap regained 5.3 percent to about $2.47 trillion in the past 24 hours, led by Bitcoin (BTC). The recovery follows a brief Bitcoin dip below $60k following the escalation of the Middle East crisis. Nonetheless, Bitcoin and other digital assets have proved to be a great safe haven amid the ongoing geopolitical tensions. The heightened crypto volatility caused by the high use of leverage trading has led to the liquidation of more than $293 million, mostly involving long traders. Reduced Bitcoin Selling Pressures Ahead of the fourth Bitcoin halving, on-chain data shows miners have significantly reduced their selling volume. According to an analysis by CryptoQuant, an average of around 374 BTC was sent daily to spot exchanges over the last month, compared to 1388 BTC registered in February. Meanwhile, Grayscale’s GBTC has significantly reduced selling pressure and expects to believe its pressure will soon end. According to spot ETF data, the overall inflows from BlackRock’s IBIT have reduced the impact of the GBTC outflows. Furthermore, Hong Kong recently joined the spot Bitcoin ETF race, which could influence other nations led by Singapore. Captain Faibik on Short-Term BTC Price Action $BTC Bullish Pennant has evolved into a Bullish Rectangle on the daily timeframe chart. Now, #Bitcoin bulls must defend the 60-61k Support area. In case of a Bounce back from here, a bullish rally towards the 72k Resistance level is expected. In the worst case Scenario, if… https://t.co/ha4ZmHd6Bz pic.twitter.com/YDQdSYSKQX— Captain Faibik (@CryptoFaibik) April 19, 2024 According to a popular crypto analyst, Captain Faibik, Bitcoin’s daily bullish pennant has evolved into a bullish rectangle. However, the crypto analyst cautioned traders to remain vigilant about possible capitulation towards $52k if the support level of around $62k fails to hold. Meanwhile, Captain Faibik remains confident in the bullish outlook with a short-term target of $72k and a mid-term target of $96k.
The post 5 Best Crypto Airdrops to Invest in 2024 appeared first on Coinpedia Fintech News Airdrops have become one of the most effective ways to generate massive gains in crypto. But alongside community rewards, projects rely on airdrops as a marketing tactic, helping to promote a new launch. This article looks at the five best airdrop tokens to watch in 2024. We consider the potential for gains, token price potential, and accessibility. Based on these factors, the best airdrops to watch are 99Bitcoins, Mega Dice, Slothana, Ethena, and MetaMask. Let’s explore each. 99Bitcoins Token Renowned media juggernaut 99Bitcoins boasts a leading news site, over 700K YouTube subscribers, and 2.8 million email readers. However, in a recent revelation, the team launched a new native token, $99BTC. This will be used in the project’s novel Learn-to-Earn platform, which aims to bolster crypto mass adoption through education and cutting-edge tokenomics. $99BTC leverages Bitcoin’s BRC20 token standard to facilitate its feat, tapping into one of crypto’s most prominent trends. The project is undergoing a presale, where investors can buy before it goes live on exchanges. However, they can also win $99BTC through the airdrop. There are 11 ways to enter, each outlined on the project’s Gleam page. The more tasks users do, the greater the chance of winning. According to its website, 14% of the token’s total supply is allocated to the airdrop. Investors must buy the $99BTC presale to enter the giveaway. Visit 99Bitcoins Presale Mega Dice Token Mega Dice is a prominent crypto casino project that recently launched a new cryptocurrency, $DICE. The token looks to follow in the footsteps of Rollbit’s RLB, which soared 27,000% from 2022-2023. $DICE is currently undergoing a presale, having raised $300K on its opening day. The token offers unprecedented benefits to holders, such as daily rewards based on the casino’s success, limited edition NFTs, a referral bonus, and more. In celebration of the presale, Mega Dice has allocated $2.25 million to be airdropped to its community. The giveaway will be split over three rounds, with round one already in motion. Users can gain eligibility by interacting with the Mega Dice casino and wagering $5K in a 21-day window. Currently, the Mega Dice presale price is $0.069, but this will incrementally rise throughout the campaign, with the next uptick occurring when 14.7 million $DICE are sold. So far, the figure is at 4.9 million. Visit Mega Dice Presale Slothana The Solana-based meme coin Slothana has become the network’s hottest presale, raising over $10 million in its opening two weeks. Such monumental early success reflects an immense community interest in the token, laying the way for an explosive trajectory after it launches on exchanges. Its success is partly due to rumours that the Smog team is linked to Slothana. Smog is a Solana meme coin that soared 100x after launching in February. Slothana works slightly differently from the airdrop other projects. This new meme coin follows in the footsteps of other uber-successful Solana presales like Book of Meme and Slerf, where investors would send SOL to the developer’s wallet address and then would be airdropped the token at a later date. Slothana’s wallet address is available on the project’s website, and users will reportedly receive 10,000 $SLOTH for each SOL they send. However, investors can also buy the presale directly by connecting their wallet to the Slothana website. Visit Slothana Presale Ethena Ethena is a synthetic dollar protocol launched on the Ethereum network. Its flagship product is USDe, a yield-generating stablecoin pegged to the US dollar. The project rose to notoriety following the launch of USDe in February, with the stablecoin now boasting an impressive $2.3 billion market cap. ENA is the native governance token to the Ethena protocol, with holders able to vote on important matters concerning the project’s future. The ENA token was initially airdropped to USDe holders at the beginning of April, causing a flood of market excitement. As a result, ENA exploded beyond a $2 billion market cap but has since retraced with the broader market. Ethena recently announced a second airdrop, requiring users to stake ENA tokens to gain eligibility. This presents a two-pronged advantage, rewarding the community while bolstering the token’s utility and driving demand. MetaMask After a long time in the making, the highly speculated and much-awaited MetaMask airdrop may finally happen this year. While nothing has been confirmed yet, Joe Lubin, the CEO of MetaMask’s developer company Consensys Software, recently nodded that the airdrop is in the works. “There is a DAO that is being formed right now in the context of MetaMask,” he explained in a conversation with Decrypt. Given the governmental nature, DAO tokens are typically allocated to protocol users to ensure fairness and democratic voting. In MetaMask’s case, this could entail wallet users being airdropped the token. MetaMask has been growing rapidly recently, with its user base surpassing 30 million as it approaches its all-time high. Indeed, with such activity, this may present the perfect time to announce the new token airdrop. But because the airdrop is not yet official, the eligibility criteria is unknown. However, higher transaction volume and frequency may help increase the chances of success.
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