Engineers claim the Shiba Inu’s one-cent dream is impossible because of its slow growth. With over 1 trillion LUNC tokens burned, LUNC has not seen significant gains. SHIB Army and the LUNC community are exploring ways to increase the burn rate. In the cryptocurrency world, the power of the community plays a vital role in the development and long-term value of a coin. Some outspoken cryptocurrency communities are doing their best to encourage developers, executives, and popular cryptocurrency platforms to send their cryptocurrencies to burn addresses, thereby removing tokens from the circulating supply. Why burning more than 50% of SHIB…
Author: Crypto Flexs
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This week, several more leveraged funds leveraging cryptocurrencies hit the market.Direxion, best known for its leveraged exchange-traded funds (ETFs), launched bullish and bearish products on Wednesday via the appropriately-tickered Direxion Daily Crypto Industry Bull 2X Shares (Ticker: LMBO) and Direxion Daily Crypto Industry Bear 1X Shares (REKT).The ETF seeks to track the performance of U.S.-listed securities operating in the blockchain technology, non-fungible token, decentralized finance and digital asset mining hardware sectors. They provide daily exposure of plus-200% or minus-100% to core cryptocurrency infrastructure.“Cryptocurrencies are one of the fastest-growing sectors in the world, currently representing a nearly $3 trillion asset class,”…
In the first part of this series, we talked about how the internet allows us to create decentralized corporations, automatons that exist entirely as decentralized networks over the internet, carrying out the computations that keep them “alive” over thousands of servers. As it turns out, these networks can even maintain a Bitcoin balance, and send and receive transactions. These two capacities: the capacity to think, and the capacity to maintain capital, are in theory all that an economic agent needs to survive in the marketplace, provided that its thoughts and capital allow it to create sellable value fast enough to…
Terryl Dickey July 18, 2024 17:10 Torque Drift 2 Update 10 for Motorbus adds new Mazda and Toyota models, pro car bundles, and exciting gameplay features. Motorsports game studio Grease Monkey Games, a subsidiary of Animoca Brands, has released Update 10 for its flagship drift racing simulator Torque Drift 2 (TD2). The game is available on PC via the Epic Games Store. With over 400,000 downloads, the game is a key part of the Motorverse ecosystem and, according to Animoca Brands, uses REVV tokens to purchase premium cars and parts. New additions and features…
Cryptocurrency analyst and trader Ali Martinez highlights Mimecoin, which is showing bullish signs. Martinez told his 67,300 followers on social media platform X that BRETT, a meme coin built on Ethereum (ETH) scaling solution Base, appears to be forming a bullish flag on the daily chart. According to Martinez, if Mimecoin overcomes the $0.15 resistance level, Brett could surge to $0.63, or about 357% from current levels. Source: Ali Martinez/X As of this writing, Brett’s trading price is $0.138. The cryptocurrency trader and analyst also provides insight into Solana (SOL). According to Martinez, Solana is forming a W-shaped pattern on…
Bitcoin continued its fight to reclaim $65,000 on July 18, a level that has become an important benchmark for analysts.BTC/USD 1-day chart. Source: TradingViewBitcoin bulls are trying to break a key resistance barrier.Bitcoin (BTC) price moves in unison during the Asian trading session and at the opening of Wall Street, according to data provided by Cointelegraph Markets Pro and TradingView.Having reached $66,000 the day before, BTC/USD has returned to test the strength of its recent gains as short-term holders (STH) realize that the price is being influenced.As Cointelegraph reported, the bullish trendline, which is currently just above $64,000 as of…
Company • July 18, 2024 10:24 AM EDT Posted 1 minute earlier In ~ Kraken Institutional has expanded its custody services to existing and new customers in the UK and Australia.This move follows the launch of Kraken Custody in the U.S. in March, which is designed to allow institutions to securely store, manage, and transfer funds from a single interface that is integrated with the rest of the Kraken product family.“We expect demand for qualified custody solutions to continue to grow alongside the cryptocurrency product space,” a Kraken spokesperson told The Block at the time. Kraken launched institutional services in…
Cryptocurrency exchange trading volumes have been declining for three consecutive months since March. According to CME data, institutional interest in ETH declined significantly in June. Cryptocurrency exchange trading volumes plunged further in June, continuing a trend that began in March 2024. According to CCData reportTotal trading volume declined for the third consecutive month, dropping 21.8% to $4.22 trillion. The report attributed the decline to broad sideways movement and losses in major assets. Bitcoin (BTC) and Ethereum (BTC). ‘Major crypto assets, including Bitcoin and Ethereum, remained largely range-bound and saw significant declines in June, with overall trading volume down 21.8% to…
Caroline Bishop 18 July 2024 13:58 UXLINK combines real social connections with blockchain to provide a secure and transparent platform for interaction, transactions, and community building. The UXLINK project, as reported by blog.bitfinex.com, is an innovative initiative designed to enhance social interaction within the Web3 space. The core of UXLINK is to combine real-world social connections with the decentralized spirit of blockchain to create a platform where users can interact, transact, and form communities in a secure and transparent manner. Evolving Social Interactions on Web3 UXLINK introduces a dual token economic model and a…
In recent trading activity, XRP experienced a significant pullback, falling to the important support level of $0.5724. This pullback is seen as a corrective move to the recent rally of the crypto asset, which has caught the attention of traders and investors alike, and speculations have been raised as to whether the bulls will be able to hold the $0.5724 support level. In this article, we take a deeper look at the significance of the $0.5724 support level with the help of technical indicators and the future scenarios that could occur if the coin reaches that level.Advertising The price of…