As a seasoned crypto investor with a decade of experience under my belt, I’ve seen more market fluctuations than I can count on two hands. This week has been no exception, with a rollercoaster ride of events that have kept me glued to my screens.
This week’s highlights from the cryptocurrency sphere feature assertions about the true identity of Satoshi Nakamoto emerging, Ripple entering a fresh phase in its legal dispute with the SEC, and Bitcoin maintaining its position above $60,000. Let’s delve further into these developments.
Bitcoin
A recently released HBO documentary asserts it has uncovered the true identity of Bitcoin’s elusive inventor, Satoshi Nakamoto, a disclosure that might cause a significant stir in the cryptocurrency world.
In the midst of escalating conflicts within the Middle East, the value of Bitcoin has experienced a drop. However, this crucial level of resistance at around $60,000 has proven robust so far.
Altcoins
The Iranian assault on Israeli military installations has heightened the conflict between Iran and Israel, making a potential third global war seem more likely. This geopolitical instability has significantly affected the cryptocurrency market, leading to a collapse in the rally of meme coins.
A wealthy individual who made their fortune with PEPE coins has unexpectedly changed direction, leaving behind meme-based altcoins such as BONK and WIF, to instead pursue a strategic investment in a potential rival of Solana, stirring up ripples within the crypto community.
As a seasoned crypto investor, I’ve been following the advice of a renowned figure who amassed a fortune of $50 million during the previous bull market. His latest prediction for 2024 has got everyone talking – he’s backing ETFSwap (ETFS) as his top pick among ETF tokens. The buzz around this coin is palpable!
After a brief surge, investors are starting to sell off their holdings in Solana (SOL) and Dogecoin (DOGE), instead opting for an emerging AI-focused coin within the cryptocurrency sector, predicted to see a massive 1,550% increase soon.
In just a single day during its pre-sale, BlockDAG made headlines by raking in an impressive $3 million. This achievement comes after the successful launch of its testing network.
Pepe Unchained (PEPU) has rapidly gained recognition as an exceptional up-and-coming crypto to invest in right now, following its achievement of reaching $17.3 million during its pre-sale. This significant milestone can be attributed in part to substantial investments from high-level investors, often referred to as “whales” within the cryptocurrency market.
As per the advice of a crypto millionaire from the Millennial generation, Bonk (BONK) and Mpeppe (MPEPE) are essential tokens to own in 2024. What sets Bonk apart is its appeal to speculative investors who are drawn to meme coins, while Mpeppe is an asset that focuses more on practical applications.
Recently, investors have been shifting away from high-risk cryptocurrencies such as Dogecoin (DOGE) and PEPE, opting instead to invest in the new meme coin MoonTaurus (MNTR). At present, this coin is being offered during its presale phase at a price of $0.01.
As Bitcoin (BTC) shows signs of rebounding, it seems that other cryptocurrencies are also picking up momentum and moving towards positive growth. Among the more robust alternatives are Binance Coin ($BNB), Kaspa ($KAS), and Render ($RENDER).
Plus Wallet stands out thanks to its “Earn as You Swap” feature, providing users with rewards for their transactions, leaving both OKX Wallet and KUNA Pay behind due to its superior payment functions.
Web3
As a researcher, I’m excited to share that Aktionariat AG, a Swiss private equity tokenization company, has formed a partnership with INX Digital Company, Inc., a thriving marketplace for tokenized assets. This collaboration aims to introduce Aktionariat’s assets to the dynamic and expanding marketplace of INX, further broadening their reach.
Regulation
In response to the court’s decision regarding the status of XRP in the ongoing lawsuit between the U.S. Securities and Exchange Commission (SEC) and Ripple Labs, the SEC has decided to file an appeal.
Bitwise Asset Management has established a trust organization in Delaware, which could indicate their intention to submit an application for an Exchange-Traded Fund (ETF) based on XRP, despite encountering challenges from the Securities and Exchange Commission (SEC) regarding current regulations.
Ohio Senator Niraj Antani has proposed legislation enabling residents to make payments for state and local taxes using digital currencies such as Bitcoin.
Read More
Sorry. No data so far.
2024-10-06 15:50