The post Crypto Gaming Market Soars: Analysts Eye Top GameFi Coins for 2024 appeared first on Coinpedia Fintech News The crypto gaming industry, known as GameFi, is experiencing a remarkable surge, reaching a market valuation of $21.8 billion, reflecting a 3.8% increase within a single day. This exponential growth has caught the attention of analysts, signaling a pivotal moment for the sector. With major developments unfolding and significant anticipation surrounding upcoming game launches, the GameFi market is poised for unprecedented expansion. Gaming Market On The Boom In a recent tweet, well-known crypto analyst Miles Deutscher highlighted the significant growth and potential of the crypto gaming market. This surge comes after years of development and experimentation, indicating an important turning point for the gaming sector. Analysts further highlight the industry’s excitement for the next generation of web3 games. After years of dedicated effort and innovation, the gaming sector stands on the brink of a breakthrough. Crypto gaming is at a massive inflection point right now. • Major funding in 2021• Projects developed throughout the bear for 3 years• Many economic models experimented with in the interim (most failed)• Now we are finally about to witness the next generation of web3…— Miles Deutscher (@milesdeutscher) May 18, 2024 The upcoming launch of top-tier games like “play off the grid” and “Nyan Heroes” could propel the GameFi sector to new heights. These releases have the potential to spark widespread interest and drive adoption in the gaming community. Stakeholders eagerly await validation that the web3 gaming model can thrive on a larger scale, marking a significant milestone for the industry. Top GameFi Coins to Watch Pixels (PIXEL): PIXEL is a pioneering gaming platform that allows players to engage in various tasks while earning cryptocurrency rewards. Floki (FLOKI): FLOKI is a decentralized meme token with potential gaming and DeFi project applications. Immutable X (IMX): IMX enables scalable and secure NFT transactions on Ethereum, supporting the growing demand for digital collectibles. The Sandbox (SAND): The Sandbox virtual world, enables users to create, own, and monetize gaming experiences. Axie Infinity (AXS): AXS is the governance token of Axie Infinity, a blockchain-based game featuring collectible creatures (Axies). Looking Ahead As the crypto gaming market continues to expand and evolve, analysts and investors alike are paying close attention to emerging trends and opportunities. With major developments on the horizon and top-tier games set to launch, the GameFi sector is poised for significant growth in 2024 and beyond.
The post 3 Major Crypto Events to Watch Next Week: Crypto Industry Braces for Crucial Decisions appeared first on Coinpedia Fintech News There are three major events that will unfold in Washington, D.C., next week. These events are significant to the crypto industry in the U.S. Let’s take a look at them in brief – Biden’s Potential Veto of the SAB 121 Repeal The Senate recently passed H.J. Res. 109, a resolution to overturn the SEC’s Staff Accounting Bulletin No. 121. The SAB 121 restricts financial institutions from acting as custodians for digital assets. Despite a rare bipartisan agreement in the Senate that passed a 60-38 vote in favour of the Bill, President Biden, with an inclination towards Senator Warren and SEC’s Gensler, threatened the previous week that in case the Resolution reaches his desk, he will use his veto power. Biden has approximately nine more days to decide, and his choice will significantly impact the SEC’s overreach on the crypto industry. During the voting process, Senator Cynthia Lummis, a major proponent of the bill overturning, said that “SAB 121 is a rule under the Administrative Procedure Act, disguised as accounting guidance. The SEC staff published it without the approval of the majority of the commission.” Proponents of the Bill argue that regulated financial firms are well-equipped to handle digital asset custody, and overturning the rule would reduce centralization risks. SEC’s Decision on Ethereum ETF The SEC’s decision on VanEck’s spot Ethereum ETF application is due by Thursday. Although many believe SEC Chair Gary Gensler will reject it, political pressure is mounting. The Democratic Party is concerned that an anti-crypto stance could harm their election prospects. Due to the lack of correspondence from the SEC, VanEck CEO Jan van Eck expressed skepticism about the approval, stating, “I would be astonished if the SEC said yes at this point.” House Vote on the FIT21 Bill The Financial Innovation and Technology for the 21st Century Act (FIT21) is scheduled for a House vote by Wednesday or Thursday. This important crypto legislation aims to clarify the regulatory responsibilities of the SEC and CFTC concerning digital assets. The bill has garnered substantial support from the pro-crypto faction in Congress. A Crypto Council for Innovation letter, signed by companies such as Coinbase and Circle, has encouraged lawmakers to support the bill’s passage. “Regulatory clarity is indisputably more responsible, safer for consumers, and preferable to the status quo,” the CCI stated. All eyes will be glued to the U.S. government next week, with decisions from President Biden, the SEC, and the House of Representatives holding significant importance for the crypto industry’s regulatory landscape.
As many as 11.4 million UK adults might have turned to prepaid cards since the cost of living crisis began, according to Recharge.
The post Memecoins For 3x Profits By the End of May! appeared first on Coinpedia Fintech News After displaying a significant correction in the cross-border financial system, the cryptocurrency market has successfully regained momentum over the past week by adding $180 Billion to its valuation. Furthermore, the BTC price has reclaimed the $67K mark, indicating a positive sentiment in the crypto space. Moreover, the hype for memecoins has experienced a fresh inflow of investors with an intent to maximize their profits during the upcoming bull run. Are you planning on investing in memecoins this May? Or confused about which one has a higher potential for a bullish surge? Dive in as, in this article, we have covered the top four memecoins that have a high potential to record exponential growth by the month-end. ERC20 (ERC20): Built on the Ethereum contract, the ERC20 made its first appearance in the crypto market during the year 2017. This project has many key features such as faster transactions, collecting, and other advantages of ERC tokens on decentralized blockchains and markets. Intending to resolve the problems faced in the future, the ERC20 project has a built-in smart contract and has the capacity to process more reliable and confidential transactions without the participation of any centralized or decentralized third party during the whole process. At the time of writing, the trading price of the ERC20 token was $0.169, with a 24-hour gain of 67.31% and a trading volume of $32.966 (+133.54%). Moreover, the ERC 20 price has added 665.59% within the past day and has a YTD return of 1,870.55%, making it a top pick for this list. GameStop (GME): Launched in early 2024 on the Solana chain during the memecoin rally, the GameStop token displayed a mixed sentiment for a brief period. However, following the resurfacing of Roaring Kitty on the “X” platform by posting a meme during the past week, GameStop stock experienced a massive surge. With a trading price of $0.005929 and a market cap of $40.497 Million, the GME token has secured the 672nd position on the global crypto market list by market cap. Despite recording a correction of 28.45% within the past day, the GME price has added 1,035.63% within the past seven days. MAGA VP (MVP): Primarily built on the Ethereum contract, the MAGA VP later expanded to Solana, Base, and BNB smart chain. The sole intention of this project is to support Donald Trump, who is campaigning for the U.S. Presidential elections this year. The MAGA VP (MVP) token has a trading price of $0.6084 and a market capitalization of $25.260 Million. With a circulating supply of 47.50 Million MVP tokens, it has a strong potential to record massive gains during the campaigning process, thus giving its investors a window to book significant profits. Ponke (PONKE): Built on the Solana blockchain, the Ponke token is known for its relatively low fees and high-speed transactions. Moreover, this project has integrated itself into major crypto exchanges resulting in it experiencing a wider accessibility to the cross-border audience. Positively, this memecoin has added approximately 45% within the past day and 100.66% over the past seven days. Moreover, with a circulating supply of 555,548,158 PONKE tokens, the PONKE price has surged 334.68% this year, highlighting a positive price action for this memecoin during the coming time. Conclusion: The price volatility within the crypto market is on a constant rise with the price of Bitcoin successfully regaining momentum over the past week. Moreover, memecoins have recorded a similar trend by recording a bullish reversal in their respective chart, highlighting a positive outlook in the coming time. Investing in memecoins is highly risky as it is highly volatile in nature and is known to record massive price actions (pumps or dumps) within a short time frame. Make sure to do your own research (DYOR) before investing in any digital asset. Note: This article is not subjected to financial advice or a trading tip in any manner. Moreover, the tokens selected for this article were chosen completely based on their historic price and market sentiments and are not promotional.
The post ChatGPT Predicts How High Can Bitcoin Price Rally in Q2 2024 appeared first on Coinpedia Fintech News The markets are on a bullish treadmill as the Bitcoin price overcomes the massive supply wave that started last month. With the BTC price surpassing the $67,000 threshold, the sideline traders anticipate a massive rise in the coming months. The uprising reflects the post-halving rally beginning in Bitcoin, which is ready for a new all-time high this May. Will the bullish trend in the biggest cryptocurrency reach the psychological milestone of $100,000? Is this the first step to Bitcoin hitting the million-dollar mark? Let’s examine the BTC price analysis to gain a deeper understanding. We have also asked the latest ChatGPT 4o model to predict the bull run and how high the Bitcoin price will rally in Q2 2024. Bitcoin price analysis With almost a 10% surge in the last 7 days, the BTC price is scaling new heights and reflects a massive surge in underlying demand. Further, the daily chart shows the recovery rally ready to challenge the overhead resistance trendline. A trendline breakout rally will signify the end of Bitcoin’s pullback phase. Source: Tradingview Currently, the BTC price is trading at $67,217, with an overnight gain of 2.76%, and has reclaimed the $67,000 mark. Further, the bullish crossover in the VI lines and the uptick in ADX support the possibility of a bull run. According to the trend-based Fibonacci levels, the Bitcoin moonshot could easily reach the $100,000 milestone this year if the momentum sustains. However, Q2 could only get the $77,842 mark or the 50% Fibonacci level. For a more accurate prediction, we asked the latest ChatGPT model to predict how high the Bitcoin rally will reach in Q2 2024. ChatGPT Predicts Bitcoin Reaching $87K In Q2 2024! With the ongoing bull run in motion, the ChatGPT predictions were expected to be bullish. However, the analysis surpasses our estimate for an even bullish prediction, much closer to $100,000. With a bearish possibility of dropping to $57,000, the AI predicts the bullish scenario appears more likely. As the post-halving rally gains momentum, the BTC price could reach the $87,613 level by the end of June, per ChatGPT.
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Coinbase institutional research analyst David Han believes “there is room for surprise to the upside on this decision.”