Raise a Glass to ENO: ENO’s New Era of Wine, NFTs, and Social Connectivity

ENO is blazing a trail with its entry as both an innovator in social tokens and in transforming social clubs. The time when conversations about ENO were limited to specific groups interested in wine and cryptocurrency is now behind us. ENO aims to draw in a broad spectrum of people, seamlessly connecting the cryptocurrency domain with establishing vibrant communities.

ENO spearheads the creation of the world’s inaugural decentralized platform dedicated to celebrating the variety of wine culture. Its mission is to bring together connoisseurs of wine and cryptocurrency from around the globe, using cutting-edge blockchain technology to nurture a dynamic community dedicated to cultivating and appreciating fine wines. The dynamic ecosystem of ENO includes a wide array of platforms, from the esteemed ENO Social Clubs and the innovative ENO Swap to the enchanting ENOVERSE and several other fascinating initiatives.

ENO is trailblazing by integrating the venerable wine industry with the forefront of technology, creating a novel economic framework within its ecosystem. This venture into digital assets, including Non-Fungible Tokens (NFTs) and special event access, represents a significant shift in our engagement with value and passions.

Let’s see what kind of assets are supporting and fueling the ENO ecosystem.

ENO token – the backbone of the whole ecosystem

Throughout an extensive exploration and development phase, ENO identified significant gaps within various sectors, including wine, real estate, music, and art. These disconnects were primarily linked to marketing and the inability to resonate with the evolving preferences of newer generations.

ENO believes that these divides can be bridged by creating all-encompassing social club ecosystems and cultivating trust and connectivity within its community. To achieve these objectives, ENO plans to deploy various tools, among which the ENO token stands out as a fuel for the ecosystem. This fundamental utility token is integral to all future systems deployed by ENO, with the level of token possession influencing a community member’s level of engagement within ENO’s expanding infrastructure.

In addition, the ENO tokens are accessible at services offered by ENO Labs and ENO Academy, which provide expansive toolsets tailored to their specific applications and benefit all participants. Holders of the ENO tokens can access a wealth of educational resources, including various courses, virtual and in-person workshops, educational videos, articles, and much more.

The ENO token, essential for participation across ENO’s forthcoming services, will dictate the depth of a community member’s involvement. Available on LAtoken, Bitmart, and Uniswap, the asset will soon be highlighted in a thorough token sale campaign scheduled for April.

ENO Digital Assets – One-way ticket to a world of entertainment

The initiative proudly offers many distinct and thrilling advantages through the ENO digital asset (EDA). Among these EDAs, NFTs stand out, providing a foundation for an economy where members can capitalize on their asset ownership for benefits like event participation and beyond.

Yet, the scope of ENO digital assets transcends wine alone. These assets unlock a myriad of novel and thrilling opportunities within the ENO ecosystem, including NFTs that facilitate the establishment of an economy. Asset ownership can be leveraged for perks such as event access.

In addition, ENO digital assets will be accessible to pay for tangible rewards at ENO social club gatherings, whether through augmented reality or in-person at various Bosque Real property events. Every EDA is distinct, granting its owner special access to specific experiences within the ecosystem.

Exceptional EDAs might even allow their owners to attend private and exclusive ENO social club events or enjoy additional high-end ecosystem features.

In a strategic partnership, ENO has joined forces with Bosque Real to host club events and activities. This alliance brings exclusive perks to NFT owners, including access to an elite golf course, a specialized workspace, and the distinctive ENO Embassy. Additionally, membership opens the door to engaging experiences, such as virtual reality experiences featuring the Bosque Real Logo, special dining discounts at the hub, and exclusive brand merchandise.

As for the things to come

Having done the heavy lifting, ENO doesn’t hold back and strives to innovate and reinvent once more. In the near future, according to ENO’s roadmap, we can expect launches of various NFT tools ranging from the ENO embassy badge and different NFTs to an exciting new marketplace. Most of these additions to the ENO ecosystem will be accomplished with the use of Arbitrum, a supporter of ENO from the very get-go.

With its steps further, ENO is set to embark on a journey that redefines blockchain technology and cryptocurrency possibilities. The team is excited to welcome users, developers, and enthusiasts to join in building a greener, more sustainable future for the digital asset industry. Stay tuned for updates on new features, partnerships, and initiatives as ENO grows and prospers.

 

 

Venom Blockchain Launch Triggers Huge Surge In User Adoption, Surpassing 1 Million In A Single Day

With the growing adoption of blockchain technology in various digital asset infrastructures, a team from Abu Dhabi, known for its wealth from the oil industry, has made a significant entry into the space with the launch of the Venom Blockchain. 

Venom Blockchain Market Cap Soars

Venom operates as a foundational Layer 0 blockchain network, equipped with dynamic sharding and a proof of stake (PoS) consensus method. Designed to offer a scalable and efficient infrastructure, this advanced blockchain platform is tailored for the development of diverse products. It seamlessly bridges governmental applications and traditional Web3 projects through its sophisticated mesh network architecture. 

The distinguishing feature of the Venom blockchain is its infrastructure, which, according to its official website, is capable of processing 100,000 transactions per second, with an average fee per transaction of just $0.0002. 

As a result, the Venom Blockchain is currently attracting significant attention, as evidenced by various metrics. The Venom Blockchain currently boasts a market capitalization of over $5.2 billion and a trading volume of over $200 million, highlighting Abu Dhabi’s interest in the technology.

Over One Million Users In The First Year

The launch of Venom had a significant impact, attracting over one million users in 24 hours, demonstrating the platform’s appeal to investors and developers for building Web3 products.

In addition, the platform reportedly has over 20 projects ready to debut on the platform and several pilot stablecoin initiatives in different countries, underscoring the confidence developers have in its infrastructure.

Overall, the rise of Venom Blockchain underscores Abu Dhabi’s ability to adopt innovation beyond its traditional sectors and demonstrates the emirate’s interest in promoting the advancement of blockchain technology. 

Venom Blockchain

On March 27, the native token of the blockchain, VENOM, was listed on KuCoin, leading to a significant price surge of over 27% within 24 hours. Presently, the token is trading at $0.6580, reflecting a recent increase of 3.8% in the past trading hour.

In the past 24 hours, the trading volume of the VENOM token has reached $62,515,705, marking a notable increase of 193.60%, according to CoinGecko data.  

Featured image from Shutterstock, chart from TradingView.com 

Spot Trading on Zenit World: Explained

In the ever-evolving world of cryptocurrency, having a reliable and accessible platform for trading is crucial. Zenit World steps into this arena, offering a user-friendly platform specifically designed for spot trading. But what exactly is spot trading, and how does Zenit World facilitate it?

This article breaks down Zenit World’s Spot Trading capabilities and explores why it’s a top choice among traders.

What is Spot Trading?

Spot trading, in essence, is the direct buying and selling of cryptocurrencies at the current market price. This means you exchange one asset for another, like instantly swapping Bitcoin (BTC) for Ethereum (ETH) at the prevailing rate on the platform. Therefore, it’s a straightforward approach, ideal for beginners and experienced traders alike.

What is Zenit World?

Zenit World is a cryptocurrency trading platform aiming to empower individuals in the crypto market. They strive to make advanced trading strategies and technologies accessible to everyone, fostering a community of passionate traders seeking success in the world of crypto.

Zenit World’s Spot Trading Platform

Zenit World boasts a platform built with accessibility and versatility in mind. Here’s what makes it stand out:

  • Wide Range of Cryptocurrencies: Trade various leading cryptocurrencies across diverse sectors, including DeFi, metaverse tokens, Layer 2 solutions, and established coins.
  • USDT Pairing: All cryptos are paired with Tether (USDT), a stablecoin pegged to the US dollar. This simplifies trading and avoids price fluctuations.
  • 24/7 Accessibility: Trade anytime, anywhere, ensuring you never miss an opportunity.
  • Secure and Reliable: Zenit World prioritizes security, employing robust measures to protect your assets and transactions.

Benefits of Spot Trading on Zenit World

  • Simple and User-Friendly: The platform is designed for ease of use, making it suitable for both novice and experienced traders.
  • Diverse Trading Options: Explore a wide range of cryptos across various sectors to match your trading goals.
  • Standardized Experience: USDT pairing ensures consistency and clarity across transactions.
  • Accessibility & Convenience: Trade anytime, anywhere, from any device.

Why Zenit World?

Zenit World goes beyond just offering spot trading. It strives to be a comprehensive platform that fosters a vibrant community of passionate crypto enthusiasts. Their commitment to accessibility and innovation shines through in several key features:

  • Diverse Cryptocurrency Selection: Trade a wide array of leading cryptocurrencies across diverse sectors, including established coins, DeFi tokens, metaverse projects, Layer 2 solutions, and more.
  • Standardized Trading Experience: All cryptocurrencies are paired with Tether (USDT), a stablecoin pegged to the US dollar. This eliminates volatility and simplifies the process, providing consistency across transactions.
  • 24/7 Global Access: Trade anytime, anywhere, from any device. Never miss an opportunity, regardless of your location or time zone.
  • Third-party Custodianship: Your crypto assets are shielded by advanced MPC wallet technology in partnership with a premier custodian.

Learn more about Zenit World and get access to exclusive content, including its latest White Paper.

Follow Zenit World on social media to stay up-to-date on the latest news and trends in the industry.

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Disclaimer:

The content provided on this article, web page, or blog is intended for informational purposes only and should not be interpreted as investment advice or recommendations. Engaging in cryptocurrency purchasing or trading inherently involves risks, such as market fluctuations, potential market manipulation, and cybersecurity threats. Before making any decisions, users are advised to perform comprehensive research to ascertain the credibility and authenticity of individual cryptocurrencies and their underlying platforms.

A new Bitcoin all-time high before the halving: is it possible?

Bitcoin price is trading above $60,000, putting it within striking distance of setting a new all-time high. This would be an unprecedented move for the top Cryptocurrency by market cap, which historically has only made a new price record only after each halving event.

Could BTC set a new record in more ways than one: by reaching a new all-time high before the halving for the first time ever? Let’s take a look at the data.

Why the Bitcoin halving is important

The Bitcoin halving is one of the most anticipated and impactful events for the Cryptocurrency. It reduces the supply of new coins entering circulation. The halving cuts the reward miners receive for processing blocks in half. This means fewer new BTC are created over time, making the supply more scarce.

Reduced supply paired with steady or increasing demand can lead to higher prices according to economic principles. Many investors see halvings as potential catalysts for bull runs. However, this time around, there are unique factors impacting supply and demand.

BTCUSD_2024-02-28_11-23-48

Unprecedented price action in Crypto

Unlike past Crypto market cycles, which have been suspected to be primarily driven by the supply and demand dynamics created post-halving, Bitcoin price finds itself in an unusual spot: just below all-time high prices.

In all previous market cycles, BTCUSD had over 100% or more to gain at the time of each halving before setting a new all-time high. In fact, it took anywhere between two to seven months after the halving before new all-time highs were set. Yet this time, Bitcoin is around 10% away from making a new all-time high before the halving ever arrives.

What’s behind the change in dynamics? 

Since market cycles are driven by global liquidity and supply versus demand, what has changed in 2024 that wasn’t a factor in the past? For one, China has begun injecting liquidity into the global economy in an attempt to save its financial markets.

More importantly, is the impact of the new spot BTC ETFs that are beginning to pick up in demand and net flows. Each ETF provider must purchase a corresponding amount of Bitcoin based on the demand for ETF shares. This week, ETFs purchased a grand total of 9,163 BTC in a single day. The same day, BTC miners only produced around 900 BTC. This suggests that ETFs are currently exceeding the new supply of Bitcoin by ten times a day.

Are institutions front-running the halving? 

If ETFs are currently absorbing ten times the new supply of BTC, then this will be twenty times the amount of new BTC being mined if nothing changes in demand over the next two months. When the halving occurs in April, the block reward in BTC that miners receive is slashed in half.

Understanding that the supply will soon dwindle further, and how strong the ETF demand is, simple math suggests that the demand is aggressively outpacing the available supply. The only other way to buy new coins is to get holders to sell. And due to the conviction of Bitcoin holders who often hold for years at a time, the only solution to get them to sell is to bid prices up higher.

Strength confirmed in the Crypto market

The early increase in buying pressure can be seen in Bitcoin’s monthly Relative Strength Index chart. In all prior instances, BTCUSD reached over 70 on the RSI either at the halving, or in the months following. Only in 2024 are we seeing the monthly RSI over this key bullish level.

Interestingly, a reading over 70 on the RSI suggests that Bitcoin is overbought. However, as history shows, BTCUSD remains significantly overbought for months at a time during the most powerful phases of each bull run. With BTC above 70 on the monthly RSI, and incredible demand and dropping supply, there is no telling what might happen during the rest of the year. 

BTCUSD_2024-02-28_11-35-36

Raising returns using PrimeXBT trading tools

Rising over 70 on the RSI has seen a 40% increase in Bitcoin price in a single month. While this isn’t a meagre return, by using PrimeXBT Crypto Futures up to 200:1 adjustable leverage, the same 40% return could have provided an 8,000% return on investment. 

The award-winning trading platform also includes all the risk management and charting tools necessary to protect your capital and get the most out of the bull run before it ends. PrimeXBT’s competitively low trading fees, with maker and taker fees at just 0.01% and 0.02%, give traders more room to maximise profits from market moves.

 

Tron (TRX) investors add DeeStream (DST) after Binance Coin (BNB) funds puts huge investments into innovative presale

The creation of cryptocurrencies was a turning point for tech and finance. Cryptocurrencies changed investments. It spurred people to reimagine the concept of “money”.

Today, almost everyone appreciates the profitability of cryptocurrencies and invests accordingly. In a way, it has also become quite competitive. Crypto investing is now all about the question, “Which of these coins would be the most profitable?”

This is why holders of renowned cryptocurrencies like Tron (TRX) and Binance Coin (BNB) still invest in other coins. Tron (TRX) and Binance Coin (BNB) holders want to expand their crypto investments. Currently, they’re investing massively in DeeStream (DST), a token that helps them get their investment expansion dream.

What Do Tron(TRX) Investors Think About DeeStream(DST)?

Lately, Tron (TRX) has been doing well in the crypto market. Tron (TRX) saw a good 8.43% rise in the last week, with some significant spikes in the last month too.

Nonetheless, Tron (TRX) investors desire so much more. They see DeeStream (DST) as an opportunity to improve their crypto investments. These Tron (TRX) holders realize its potential as a blue-chip cryptocurrency but are also focused on DeeStream dominating recent crypto conversations.

DeeStream (DST) is not just a token. DeeStream (DST) is a Web 3 streaming platform, fully decentralized to address all the issues with conventional streaming platforms like YouTube. This is one of the reasons Tron (TRX) holders find it appealing.

What Binance (BNB) Investors Think  About DeeStream (DST)

DeeStream (DST) operates with a collective governance model, one that allows users and DeeStream (DST) investors to determine the platform’s policies. Binance Coin (BNB) Investors find this intriguing.

Binance Coin (BNB) is relatively well-established in the crypto market. The coin has had significant spikes in recent months, yet, Binance Coin (BNB) Investors want more financial control and flexibility. That’s why they turn to DeeStream(DST).

DeeStream (DST) grants Binance Coin (BNB) investors who buy its token access to numerous rewards and benefits on the DeeStream (DST ) platform. These Binance Coin (BNB) investors will get a shared proportion of DeeStream’s (DST ) revenue for as long as they hold onto their DeeStream (DST) tokens.

DeeStream (DST), An Emblem Of Innovation

DeeStream (DST) is just in its first stage of presale, yet, Tron (TRX) and Binance Coin (BNB) investors are rushing in to invest massively. This hype is an indicator of DeeStream’s (DST) potential.

DeeStream’s (DST) presale price of only $0.035 is an additional incentive for Tron (TRX) and Binance (BNB) Investors to bring in massive capital. They know that early large investments in DeeStream’s (DST) guarantee a vital advantage of increased returns.

DeeStream (DST) is unlike any streaming platform and unique in comparison with Web 3 alternatives. It represents a convergence of two important technologies – Streaming and blockchain. This degree of innovation is unprecedented, even in the cryptocurrency era.

The world will evolve and so will technology. The best benefits of this evolution process will be obtained from the best combinations of innovations. The platform DeeStream (DST) is an excellent example of this kind of revolutionary innovation.

Find out more about DeeStream (DST) presale by visiting the website below;

Find out more about the DeeStream presale by visiting the website here

 

Dai (DAI) investors buy Pushd (PUSHD) early to see summer profits while Bitcoin (BTC) hits $52k

Some crypto projects are not as volatile as other projects on the blockchain, they are called stablecoins, Dai (DAI) is one of such coins. Dai (DAI) is linked to the US dollar by 1:1. Investors use stable coins like Dai (DAI) to escape the level of uncertainty that comes with regular coins. Bitcoin (BTC) is the oldest cryptocurrency on the blockchain. Bitcoin (BTC) paved the way for other cryptocurrency projects. We do not know the identity of the creator(s) of Bitcoin (BTC), they use the moniker, Satoshi Nakamoto.

Pushd (PUSHD) is the new project on the scene that has investors talking, they all want to get a piece of the action. Pushd (PUSHD) has now gone through four presale stages and is currently on its fifth. In these stages, Pushd (PUSHD) has been able to get over 25,0000 sign-ups.

Dai (DAI) and the end of stablecoins

The argument for stablecoins like Dai (DAI) is that even though it records red lines, it will not stray too far even if a stablecoin goes below the line by 0.05% it is still a cause for concern. Dai (DAI) has spent more than half of last week below the line. Dai (DAI) holders are worried because Dai (DAI) is not as stable as they would like and they would rather just make profits with projects with great predictions like Pushd (PUSHD).

Bitcoin (BTC) is still in good shape

Being the first decentralized cryptocurrency project, Bitcoin (BTC) has already made its mark in history. Bitcoin (BTC) holders are satisfied with their investments as Bitcoin (BTC) keeps climbing in the charts. In the last year, Bitcoin (BTC) has grown by 109% but experts believe that Pushd (PUSHD) will be a better investment for 2024.

Pushd (PUSHD) has the market singing its praise

The news of Pushd (PUSHD) has spread all over the decentralized market but what is this new project that even experts are excited about? Pushd (PUSHD) is going to be the first decentralized project that allows people to buy and sell items online. Pushd (PUSHD) will usher in the world to the era of decentralized online marketplaces. Pushd (PUSHD) will change the way the world looks at online shopping and the decentralized economy.

Experts predict that there will be many more people joining the Web3 world because they want to shop on Pushd (PUSHD). Why would they come to shop in Pushd (PUSHD)? Because Pushd (PUSHD) has so many benefits that traditional marketplaces will not be able to keep up. For example, Pushd (PUSHD) will enjoy the lowest transaction fees possible, this is because, unlike traditional marketplaces, Pushd (PUSHD) has no middleman between buyer and seller. Users will also enjoy faster transactions and a safer shopping environment.

Pushd (PUSHD) has even more benefits that have investors buying into its fifth presale stage at $0.094. Find out more about the Pushd (PUSHD) presale by visiting the website here.

Find out more about the PUSHD presale by visiting the website here

 

Hot New Memecoin Is Surging, Toncoin (TON) and Celestia (TIA) Are Struggling for Momentum

Despite the recent market surge, Toncoin and Celestia have lost their momentum. Both projects have seen price declines over the last 24 hours, causing investors to jump boat and diversify.

Meanwhile, a new meme coin is surging during its presale. Now, as early investors prepare for returns of 220%, experts believe this project could become one of the biggest meme coins of 2024.

Toncoin Pioneers New DeFi Developments

Toncoin is working to bridge the gap between DeFi and real-world applications. Over the last month, Toncoin’s new development has made it possible for users to buy anonymous phone numbers. The altcoin also set a new translation speed record, with 104,715 transactions per second.

These developments have put Toncoin on the radar of many investors, however, the altcoins price performance has been poor. Over the last month, Toncoin’s price decreased by 5.55%, while many projects saw increases of over 20%.

Consequently, Toncoin’s popularity has decreased, and its daily trading volume has fallen to just $41 million. According to CoinMarketCap, this makes Toncoin the #160 ranked cryptocurrency by daily trading volume, despite TON being the 15th ranked cryptocurrency by market cap.

Celestia Crashes After Hitting An All-Time High

On February 10, Celestia hit a new all-time high of $20.91. This achievement helped Celestia make global headlines, during which Celestia’s daily trading volume surged. However, since hitting this milestone, Celestia’s momentum has crashed.

The altcoin hit a strong resistance, and its price is down by 12.62% to $18.21. This price crash has caused Celestia’s daily trading volume to fall to $220 million, and some investors are now selling their TIA tokens.

Nonetheless, experts remain bullish about Celestia. According to bullish market predictions, Celestia could hit $30 by the end of Q1. This significant increase would make Celestia one of the markets best-performing altcoins, though it would require the general crypto market to remain bullish for at least another month.

Investors Choose This New Altcoin Over Trending Cryptos

As several altcoins start to lose their momentum, many investors are choosing to diversify with a popular new meme coin, KangaMoon.

KangaMoon (KANG) has quickly attracted a bullish investor community with its hybrid social-fi and P2E model. Unlike other meme coins, KangaMoon offers fantastic utility and gives its player base several different income opportunities.

For example, KangaMoon users will be able to complete weekly, monthly, and quarterly challenges to win the project’s native token, KANG. Furthermore, during the KangaMoon presale, investors who actively promote the project will be granted additional KANG rewards.

The KangaMoon ecosystem is designed to promote social activity. Users will be rewarded for engaging with players, with more social activity leading to greater social rewards. The aim of this is to create a vibrant, exciting community where DeFi enthusiasts can network, build new connections, and more.

KANG tokens are currently available for $0.005, though are expected to increase in value soon as stage 1 of the KangaMoon presale sells out. During its presale, analysts speculate that KangaMoon could offer returns of over 220%, which has made the presale a popular option among altcoin investors.

Can KangaMoon Outpace Toncoin and Celestia?

Having already gained significant momentum, KangaMoon is expected to outperform Toncoin and Celestia in Q1. Once it launches on Tier-1 exchanges, experts speculate that KangaMoon could offer additional returns of up to 350%, which has made the meme coin a highly anticipated project.

Discover the Exciting Opportunities of the Kangamoon (KANG) Presale Today!

Website: https://Kangamoon.com/

Join Our Telegram Community: https://t.me/Kangamoonofficial

Win over Crypto markets with PrimeXBT’s Valentine’s Day bonus

This Valentine’s Day, PrimeXBT has an enticing new promotion for traders to take advantage of. The platform is offering new users up to $7,000 in bonus funds to bolster your Crypto trading bottom line.

Redeeming the Valentine’s promo

To get the 14% deposit bonus up to $7,000, traders just need to click here and follow the prompts. Then just make a minimum deposit of $500 or more between February 12th and 18th. It’s that easy to begin your love affair with Crypto trading.

Fall in love with PrimeXBT features

There are plenty of reasons why traders love the platform’s features:

For one, PrimeXBT makes it dead simple to short or long major Cryptos like Bitcoin. This flexibility lets traders profit whether flagship assets like BTC and ETH rally or eventually slide. PrimeXBT also aggregates Crypto, Forex, Stock Indices and Commodities together, allowing traders to build a portfolio across asset classes.

Advanced margin tools give traders precision control over risk-taking. Choose between cross margin or isolated margin, as well as how much leverage to use. For those seeking leverage, PrimeXBT fills that need to amplify profit potential on limited capital.

Finally, PrimeXBT lets anyone tap into Crypto riches through its innovative Copy Trading module. By automatically copying skilled traders, beginners circumvent months of frustration and benefit from proven Crypto trading expertise from day one.

Get your heart and Crypto pumping

If you’re seeking excitement, reward and maybe even a little romance this Valentine’s Day, PrimeXBT hits the mark. Don’t miss this limited-time opportunity to fund your ambitions in red-hot Crypto markets.

Join The NewsBTC Sales Team!

We are looking for motivated individuals to join our remote sales team. This is a ‘work from where you like’ position.

What’s the role?

NewsBTC generates the revenue it uses to fund its journalism through advertising. We help companies in the space (and outside the space) get their product or service in front of the millions of users our website attracts every month. 

As a member of our sales team, you’d be in charge of communicating with these companies, both on an inbound and an outbound basis, and putting together campaigns based on the advertising options we offer.

Training will be provided.

Required:

  • Motivated
  • Sales experience
  • Strong internet connection

Preferred:

  • Involvement or interest in the crypto/blockchain space

Compensation:

  • Super competitive, will be discussed directly with applicants. 

Interested?

Email Samuel Rae at samuel@newsbtc.com and let him know why you want the position. 

Note: We’re not your usual company and we don’t take the usual approach to hiring. If we think you’re a good fit, we’re not going to make you jump through hoops and all that nonsense before you start. We’ll probably take a look at your CV, but it’s all about you NOW so don’t let something small that you might be worried about stop you getting in touch. 

The Rise of Eggdog: Is This the Next Bonk in the Crypto Space?

In the ever-evolving landscape of cryptocurrencies, where new projects emerge at lightning speed, one name has been buzzing across social media platforms: Eggdog. In a matter of weeks, Eggdog has skyrocketed, capturing the attention of investors and enthusiasts alike, almost mirroring the meteoric rise of Bonk not too long ago.

eggdogg

Within just two weeks, Eggdog made headlines by reaching a staggering $20 million in market capitalization, a feat that left many in awe and sparked comparisons to the early days of Bonk. The similarities in branding, meme-centric approach, and promising potential prompted discussions among crypto enthusiasts, speculating whether Eggdog could indeed be the next game-changer.

Tokenomics lay at the heart of Eggdog’s appeal. Zero tax, a renounced contract, and the allocation of 100% of the supply to Raydium alongside LP burning strategies added an air of transparency and solidity to the project, attracting investors seeking reliability in a volatile market.

At the core of Eggdog’s charm lies its connection to an internet meme – the Eggdog meme. Originating from a peculiar 3D model resembling a dog shaped like an egg, this meme found its first appearance in a video titled “Meet Eggdog” by YouTuber Zamsire on March 2, 2019. Since then, it’s taken the internet by storm. Numerous Eggdog videos, like “Eggdog Diner” by Zamzire on March 12, 2019, and a real-life rendition of Eggdog in a video simply titled “Eggdog” by YouTuber Rapid Liquid on May 3, 2019, have further propelled its popularity.

Eggdogs are often depicted stretching into absurdly high positions or engaging in lively dance routines, adding to the whimsical nature that has captivated internet users. This meme’s unique appeal has translated into the cryptocurrency sphere, leveraging the existing fervor to create a community-driven project that aims to capitalize on the meme’s widespread recognition.

Is Eggdog the Next Bonk?

Comparisons to Bonk, a previous crypto success story, are inevitable. Both projects share a similar trajectory, leveraging engaging memes and community-driven initiatives to propel their rapid rise. However, whether Eggdog will follow Bonk’s footsteps entirely or carve its own path remains to be seen.

The fervent discussions, the growing community, and the early indicators of success have prompted many to ponder: could Eggdog be the next big thing in the crypto world? The allure of finding the next breakout star in a sea of digital currencies certainly adds to the excitement surrounding Eggdog.

Exclusive NFT Release: Rewarding Eggdog Holders

Excitement surrounding Eggdog has reached a fever pitch with recent news from their Twitter handle (@eggdogsolana). The team’s announcement of an impending NFT release exclusively for Eggdog holders has sent ripples of anticipation throughout the community. Speculation abounds that this release might offer a free mint opportunity for those holding Eggdog tokens. This move not only underscores Eggdog’s commitment to rewarding its dedicated community but also hints at the potential for increased engagement and value for its holders through innovative offerings in the NFT space. Such initiatives further solidify Eggdog’s reputation as a project committed to its community’s growth and prosperity.

As with any investment opportunity, there are risks involved. While the initial momentum of Eggdog has been impressive, the crypto space is notoriously volatile and unpredictable. Investors are urged to conduct thorough research, exercise caution, and consider their risk tolerance before delving into any new project, including Eggdog.

In conclusion, the phenomenon surrounding Eggdog is undeniable. Its rapid rise, rooted in a well-executed meme-driven strategy and promising tokenomics, has positioned it as a compelling contender in the crypto sphere. Whether it will mirror the success of Bonk or carve its own unique path, only time will tell. For now, all eyes remain fixated on Eggdog as enthusiasts and investors eagerly await its next move in this ever-evolving crypto narrative.

Dive into the captivating world of Eggdog! Visit the official Eggdog website at https://eggdogsol.com/, and join us as we’re on an exciting journey, attracting inquisitive minds eager to unveil the potential behind our uniquely named project. Join the conversation and be part of our dedicated community on Twitter at https://twitter.com/eggdogsolana and Telegram at https://t.me/eggdogcoin as we soar towards exciting opportunities and rapid growth!

About Eggdog

Eggdog has swiftly emerged as a captivating force in the crypto world, gaining remarkable traction within a brief span. Riding on the wave of an internet meme that embodies a 3D dog resembling an egg, Eggdog’s rapid ascent, propelled by a dedicated community, robust tokenomics featuring zero tax and a renounced contract, mirrors the early success stories of standout crypto projects. This meme-driven endeavor, reminiscent of viral sensations, beckons investors and enthusiasts alike to witness its promising potential and captivating journey in the ever-evolving cryptocurrency landscape.

Website | Twitter | Telegram

Disclaimer:

The information provided in this release is not investment advice, financial advice, or trading advice. It is recommended that you practice due diligence (including consultation with a professional financial advisor) before investing or trading securities and cryptocurrency.

 

Ring in 2024 with a special holiday deposit bonus from PrimeXBT

This holiday season, leading multi-asset trading platform PrimeXBT is spreading cheer with an exclusive 20% deposit bonus for all clients. From 11 December 2023 through 11 January 2024, traders who fund their accounts will receive a 20% matched bonus up to $1,000.

Another year ahead for the award-winning platform

PrimeXBT is kicking off the New Year by giving back to its loyal user base after another year of platform innovations and award-winning service. The company has earned praise within the trading industry for its robust and customisable Crypto derivatives infrastructure matched with ultra-low trading fees.

By blending institutional-grade functionality with an intuitive interface, PrimeXBT enables traders of all backgrounds to capitalise on fluctuating Crypto and Global Markets. The platform offers up to 200:1 leverage across a suite of assets including Crypto perpetual swaps, Forex, Commodities, and Stock Indices.

Copy Trading through its built-in Covesting module provides another standout service – allowing beginner traders to automatically mirror seasoned professionals based on transparent track records exceeding over 2000% in net gains.

A very happy holiday bonus – up to 20%

As the holiday season kicks off, PrimeXBT extends its market-leading services through a generous 20% deposit bonus campaign. The company is no stranger to giving back, having run similar promotions in the past.

However, this year PrimeXBT is welcoming both existing and new clients to participate with deposits as low as $100, and bonuses worth up to $1,000. Traders simply fund their account as normal during the 11 December to 11 January eligibility period, and PrimeXBT will credit all users an extra 20% of their deposited amount.

For example, a $1,000 deposit will earn a $200 bonus, or a $2,500 deposit will earn you a full $500!

PrimeXBT sets the stage for an exciting 2024

With innovative products and a dedication to its users, PrimeXBT has established itself as an industry leader in trading platforms. The 20% holiday deposit bonus signifies its commitment to providing value as it heads into another promising year.

2023 saw PrimeXBT roll out new features like an adjustable leverage system, order book implementation, and expanded altcoin assets. If this year is any indication, 2024 will unlock even more capabilities catering to pro traders and newcomers alike.

As adoption of Cryptocurrencies accelerates globally, traders need robust tools to thrive in this complex landscape. PrimeXBT delivers through integrated modules spanning Crypto derivatives, Forex, Global Markets, and Copy Trading. Its award-winning platform empowers users to trade like professionals regardless of current skill.

The holiday bonus kickstarts what is sure to be another standout year.

TradeWire Explained: AI-Based Analytical Tools for Smart Trading

The fintech world is abuzz about the launch of TradeWire, an innovative analytics platform utilizing cutting-edge artificial intelligence to provide traders with game-changing insights and capabilities.

TradeWire aims to revolutionize the playing field by democratizing access to robust technology that was previously only available to well-funded institutional firms. For the first time, ordinary investors can now leverage the immense power of machine learning and AI once reserved for quantitative hedge funds.

TradeWire: An Advanced AI-Driven Smart Trading Platform

TradeWire offers traders an end-to-end solution for implementing data-driven investing strategies. The full suite of TradeWire tools include:

  • Deep analysis of financial reports to detect signals and opportunities
  • Customizable economic calendar tracking market-moving events
  • Intelligent screeners combining fundamentals, technicals, valuations
  • Dynamic infographics visualizing market data and trends
  • Powerful analytics uncovering insights from big data
  • Curated news and alerts on market-moving developments
  • Custom scripts automating indicators, strategies, and algorithms

At the core of TradeWire is an advanced analytics engine powered by sophisticated neural networks continuously processing massive financial data sets. This engine analyzes everything from fundamentals, earnings reports, news developments, and more across all asset classes in real-time. Analytics are automated through TradeWire’s partner RevenueBot, enabling a direct connection with exchanges for real-time data.

But actionable insights are only one critical piece of the puzzle. TradeWire also provides users an extensive suite of integrated trading tools to execute on the intelligence uncovered by its AI models seamlessly.

The platform features intuitive screeners with customizable filters, interactive visualizations for engaging with complex market data, a personalized economic calendar that tracks upcoming catalysts, customizable trading scripts to automate strategies, and much more.

The Genesis of a Bold Vision

TradeWire was founded by successful former traders and fintech engineers who recognized the immense potential of democratizing access to game-changing technology. For too long, advanced AI and machine learning capabilities have been locked away in the proprietary black boxes of quantitative hedge funds and investment banks, out of reach for ordinary investors.

TradeWire is the brainchild of its founders’ bold vision to utilize AI not just to benefit wealthy institutions, but to empower all market participants. The platform’s breakthrough innovation makes it possible for any trader, regardless of experience or resources, to leverage the same leading-edge algorithms and analytics previously only enjoyed by large firms.

The company views this democratization of technology access as essential to leveling the trading playing field that has historically disadvantaged individual investors versus Wall Street. TradeWire believes all traders should be able to utilize AI to enhance their market intelligence.

Built For Traders, By Traders

The TradeWire team includes veteran traders and data scientists who built the platform from the ground up based on their own extensive domain expertise. As a result, the product experience is highly intuitive, reflecting a deep understanding of customers’ needs.

The company is driven by the philosophy that transformative technology should benefit all market participants equally, not just the wealthy few. TradeWire’s core vision is tearing down the barriers that have given larger firms an unfair competitive edge for so long by making AI accessible for all.

The Future of Intelligent Trading

Currently in open beta testing, TradeWire is collecting extensive user feedback to optimize the platform before full public launch. Early testers have offered glowing reviews, confirming TradeWire’s immense potential to disrupt traditional trading.

With pricing starting at just $90 monthly, the platform offers unmatched value considering the sophistication of its AI capabilities. TradeWire is poised to rapidly gain mainstream adoption upon its full release.

TradeWire is the future of leveraging invaluable AI insights to gain an edge in financial markets. The possibilities it unlocks for traders are endless.

Interview: Elan Future’s CEO Jerome-Olivier Malo on Transforming the Energy Sector

Elan Future is a project that is working towards achieving universal access to energy. Recently, we caught up with its CEO, Jerome-Olivier Malo and asked a few questions to gain some insights about him and the project.

Elan – Unveiling the Vision

Q: Let’s start with the present day. Could you share with our readers what Elan is and what inspired the creation of this innovative company?

Elan Future is an uprising against the darkness that blankets millions of lives. Our battle is against the injustice of energy poverty and the passivity in facing the world’s dire energy crunch. We are here to flip the script on how energy is shared, saved, and savored.

Enter Apollo — not your everyday generator, but a maverick of magnetic marvel that’s redefining efficiency. It’s our secret sauce in the quest for an electrified planet, a piece of tomorrow’s technology here to disrupt today’s energy norms.

The spark for Elan? It was the world’s energy outcry that no one could ignore. As the globe grapples with an energy plight that hits both wallets and resources hard, we saw a beacon of hope in the form of Apollo, ready to lead the charge in this new energy revolution.

Our ranks are filled with the best and bravest — physicists defying the status quo, Hydro-Québec engineers with electricity in their veins, financial wizards who see beyond the bottom line, and angel investors with their gaze fixed on a horizon lit by innovation.

What inspired Elan’s inception was a cocktail of frustration and foresight — frustration at a world where energy is a privilege and foresight that sees it as a fundamental right. By welding our state-of-the-art tech with the bedrock of blockchain, we’re sparking a transparent energy uprising. Elan Future is here to ensure energy is not just consumed but embraced as a universal currency of progress. It’s not just about keeping the lights on; it’s about igniting a flame of change in every soul we touch.

Inception and Community Impact

Q: What was the spark that ignited the idea for Elan Future? How do you envision it making a positive impact on the community and beyond?

The spark for Elan Future came from a profound place of need—a need that you can see in the eyes of the millions who live off the grid, and in the strained grids of our cities that barely keep up with our current demands. It struck me during a blackout; as I sat there in the dark, I realized that this was a daily reality for so many people. That moment of frustration lit the fire of creation for Elan.

I envision Elan Future as a catalyst for change. With Apollo, we’re proposing a new way of life. It’s about creating a world where energy is not a luxury but a given. A world where communities can thrive, not just survive, because they have the power—literally—to do so.

But the impact doesn’t stop at the light switch. We’re talking about empowering communities with the means to grow and sustain themselves. Energy drives education, healthcare, and economic opportunities. Imagine schools that can light up young minds, hospitals that can save lives around the clock, and small businesses that can flourish. That’s the future Elan is dedicated to building.

And on a larger scale, by bringing energy to areas that were previously in the dark, we’re sparking innovation on a global level. We’re contributing to the creation of a more balanced, more connected world, where the flow of energy is as natural and equitable as the flow of information is today

The Journey Behind Elan

Q: Jerome, you have an extensive background in various endeavors before Elan Future. Could you take our readers on a journey through your experiences and how they’ve led you to this point?

Absolutely, it’s been quite the adventure, and every step has played a part in leading me to where I am today with Elan Future.

My journey started in the tech industry, where I was fascinated by the power of technology to connect people and ideas. I spent years working with dynamic startups, where I learned that at the heart of any successful innovation lies a keen understanding of the human experience.

From there, I ventured into the world of finance. I saw how economic systems could either enable growth or create barriers. This experience was eye-opening—it was about understanding risk, recognizing potential, and investing in ideas that could shape the future.

But it was my time spent volunteering with non-profits that truly set the stage for Elan Future. I saw firsthand the challenges faced without reliable energy. Schools struggled to stay open after dark, medical clinics couldn’t preserve life-saving vaccines, and simple tasks were monumental without power.

This patchwork of experiences brought clarity. The tech industry taught me about the power of innovation, finance showed me how to turn ideas into reality, and my time in the field revealed the critical need for sustainable energy solutions. The throughline was clear—energy was the key to unlocking potential on an individual and global scale.

With Elan Future, I’ve taken this tapestry of experiences and weaved them into our mission. Every lesson learned, every success and setback, has been a stepping stone to this moment, where we have the opportunity to illuminate lives and empower communities on a scale that truly matters.

Meet the Elan Team

Q: The team behind a project is often critical to its success. Can you introduce us to the remarkable individuals who make up the Elan Future team and share their unique contributions?

Success at Elan Future is truly a team sport, and we have an all-star lineup that’s hard to beat. Each individual’s expertise is not just a cog in the machine but a vital organ in the body of our mission—electrifying the future.

Dr. Benoit Guay is our scientific maestro, a PhD in Applied Physics with a mind that’s as brilliant as it is unconventional. His groundbreaking work on the edges of physics—including mass reversals and magnetic susceptibility—puts us leagues ahead in the field of energy innovation. Benoit is the brain behind the science that powers Elan Future’s technology.

Sylvain Roy, Esq, is the guardian of our intellectual arsenal. With a keen eye for technology monetization and a sharp mind for IP valuation, he navigates the complex waters of international law with the finesse of a seasoned captain. His lectures at the IP Business Academy and CEIPI at Université de Strasbourg are just a sliver of the prowess he brings to our legal strategy.

Doryne Bourque is the heartbeat of our corporate social responsibility. Her positions on various boards demonstrate her leadership and commitment to sustainable development and responsible finance. Her passion for equitable resource distribution aligns perfectly with our mission, guiding Elan Future’s strategic decisions with a conscience.

Last but not least, Denis Chartrand, eng, is the architect of our infrastructure. His experience at Hydro-Québec, where he was instrumental in developing strategies post-the 1998 ice storm, has given him unparalleled expertise in resilient and smart grid technology. Denis’s vision shapes the robust and innovative framework that allows our technology to thrive.

Together, this dream team’s diverse skills and passions fuel Elan Future’s drive to bring sustainable, reliable energy to every corner of the globe. We’re more than just a company; we’re a collective force on a mission to electrify the future, and our team’s expertise is our powerhouse.

Elan’s Milestones

Q: Could you highlight some of the noteworthy breakthroughs and milestones that Elan Future has achieved so far?

Our journey with the Apollo Generator is a testament to our commitment to innovation and transformative change. Filing several patents for Apollo was just the beginning. These patents are more than documents; they’re the blueprints for a future where access to energy is universal—a future we’re actively constructing.

Launching our blockchain and introducing our own token was a bold move towards a vision where energy isn’t just consumed but is part of a transparent, equitable exchange. It’s about giving power back to the people—literally. We’ve given away millions in free tokens, not as a promotional stunt, but as a statement of our belief in a community-driven energy revolution. This token isn’t just a currency; it’s a new way of connecting people to their power, their community, their environment.

The creation of Apollo and our other groundbreaking innovation, the Pathfinder, represent the pinnacle of our achievements.

Every step we’ve taken at Elan Future is a step towards demystifying and democratizing energy. We are a movement powered by the courage to reimagine what’s possible, making the future accessible, one innovation at a time.

A Glimpse of the Future

Q: What’s on the horizon for Elan Future? Can you give us a sneak peek into any exciting announcements or developments that our readers should keep an eye out for in the near future?

The future of Elan Future is filled with promise and innovation, including our exciting Cassiopée project. Cassiopée represents a harmonious blend of technology, design, and sustainability, where homes are sanctuaries that provide clean, renewable energy. We’re creating a community where energy is not just a resource but a way to improve living standards and alleviate poverty. We invite our readers to stay tuned for developments in both our energy innovations and the Cassiopée project, which are set to reshape the way we think about energy and sustainable living.

Joining the Initiative

Q: For our readers who are eager to get involved, how can they become part of the Elan Future initiative? What opportunities exist for them to contribute or participate?

For readers eager to get involved with Elan Future, there are opportunities for collaboration and participation. We welcome discussions on future-focused initiatives, technological solutions, or strategic partnerships. Elan is about creating a community of like-minded visionaries who embrace innovation, sustainability, and collaboration to shape a better future. Reach out via twitter or discord to explore how you can contribute to our mission.

Parting Thoughts

Q: Is there anything else you’d like to share with our readers, perhaps a message, a call to action, or a vision that encapsulates Elan Future’s mission and ethos?

As we stand at the crossroads of innovation and tradition, Elan Future beckons to a horizon brimming with promise. Our mission has always been clear: to illuminate every corner of the globe with accessible, sustainable energy. But this vision isn’t just ours to build—it’s a tapestry woven from the aspirations of every individual, community, and nation we touch.

To the readers, our call to action is simple yet profound: join us. Engage with us. Be part of the energy revolution that moves beyond the constraints of the grid to a world where energy flows as freely as information does today. Every token we’ve shared, every patent we’ve filed, every innovation we’ve brought to life like Apollo and Pathfinder, is a step toward this boundless future.

We invite you to imagine a planet where energy poverty is history, where clean power fuels not just our homes and devices, but also our dreams and opportunities. This is the future Elan Future is committed to—a future where we aren’t just passive consumers of energy, but active participants in a vibrant energy ecosystem.

So, as we look to the future, let’s not just be spectators. Let’s be the architects of an electrified tomorrow. Invest in sustainable choices, support clean energy initiatives, and embrace the technologies that prioritize the planet as much as they do profit. Together, we can ensure that our collective tomorrow shines brighter than ever—a testament to what we can achieve when we harness energy not just to power our devices, but to empower our lives.

Let’s take this journey together—for the planet, for our communities, and for the generations to come.

Celestia Price Prediction as TIA Pumps 15%; Which Cryptos Could Surge Next During the Bull Run

The price of Celestia (TIA) has surged over 15% since yesterday, making it one of the biggest gainers on CoinMarketCap.

With the TIA token now hovering around $2.50, early investors are wondering just how high its price could go in the remaining weeks of 2023.

This article will take a closer look at Celestia’s price action, forecast where the token could be headed next, and highlight some of the most promising new cryptocurrencies that could be primed for a significant breakout.

Celestia’s TIA Token Surges After Mainnet Launch – Can the Momentum Continue?

It’s been a great start to life for Celestia, with the project’s mainnet going live on October 31 and TIA tokens airdropped to 580,000 users.

The hype around this event has resulted in a surge in demand for TIA, making it the 20th most-traded cryptocurrency globally.

Although the token is only a few days into its lifespan, investors are speculating that the uptrend could continue throughout November and beyond.

The token’s high of $2.86 on Wednesday is a natural target for bulls and may act as a minor resistance zone.

If TIA can breach this level, the token will be in uncharted territory.

The next level to watch will be the $3.00 and $5 marks, likely representing psychologically important barriers for TIA holders.

With the current momentum and hype around the token, TIA could certainly aim for these levels in the coming weeks.

However, sustainability remains a concern, given the likelihood of profit-taking after such an explosive debut.

Regardless of what happens, it’s clear that Celestia has captured the attention of the crypto community, with its rapid rise highlighting the enthusiasm for new projects.

Which New Cryptos Could Be Next to Surge?

While Celestia’s TIA token has been in the spotlight recently, several other emerging cryptocurrencies could be poised for a breakout.

As investors seek the next hot altcoin, the three projects below could have the ingredients needed to attract significant demand before the end of the year:

Access Cloud BTC Mining & Staking Using Innovative Bitcoin Minetrix Platform

First up is Bitcoin Minetrix (BTCMTX), a revolutionary platform that allows users to mine Bitcoin and earn rewards simply by staking their BTCMTX tokens.

This mechanism, called “Stake-to-Mine,” provides a more accessible way for users to participate in the mining process without needing expensive computing equipment.

Bitcoin Minetrix’s platform is still in development, although interested investors can buy BTCMTX tokens in advance through the project’s tier-based presale phase.

 

The price per BTCMTX token is currently $0.0114, although it will increase by 10% in just over four days.

Through this setup, those who invest the earliest are rewarded with a more attractive entry point – which could prove fruitful once BTCMTX is listed on the open market.

Alongside speculative potential, BTCMTX investors can also benefit from staking rewards of over 185% APY, with 222 million tokens pledged already.

If the development team can deliver on their roadmap goals, including a mobile app launch and partnerships with industry-leading cloud mining providers, then BTCMTX could be primed for an end-of-year surge.

Visit Bitcoin Minetrix Presale

Meme Kombat Gamifies Meme Culture with High Yields & Battling Mechanic

Next up is Meme Kombat (MK), a brand-new meme coin project that draws inspiration from the famous Mortal Kombat franchise.

Meme Kombat’s flagship feature is its Ethereum-based battle arena, where users can place bets using MK tokens on the outcomes of AI-powered battles.

These battles feature famous meme coin characters like Wojak and DOGE – providing an engaging gameplay experience for crypto enthusiasts.

On top of the battle mechanic, Meme Kombat offers a high-yield staking protocol whereby MK holders can generate APYs of 112%.

Notably, these yields begin accruing during the presale, with rewards able to be withdrawn once the platform officially launches.

 

From a tokenomics perspective, Meme Kombat’s team has allocated 50% of the MK supply to presale buyers and 30% for staking/battling rewards.

 

This highlights their community-focused approach – one of the main reasons that Meme Kombat’s presale has generated such traction in recent weeks.

 

The presale has already raised over $1 million and offers MK tokens at the low price of $0.1667.

With DEX listings scheduled for once the presale concludes, MK could be another exciting altcoin primed for a price surge.

Visit Meme Kombat Presale

Groundbreaking TG.Casino Offers Anonymous Crypto Gambling Integrated Into Telegram App

Lastly, TG.Casino (TGC) is a fully-fledged cryptocurrency casino integrated directly into the Telegram app.

By integrating with Telegram, TG.Casino can provide users with a seamless and intuitive gambling experience.

Users don’t need to download additional software or applications and can place bets anonymously since TG.Casino doesn’t require KYC verification.

Moreover, users can fund their accounts using crypto, including TG.Casino’s native TGC token.

Those who opt to place bets using TGC will be rewarded with 25% cashback on any sustained losses.

These elements are underpinned by a full gaming license from Gaming Curacao, along with end-to-end encryption to ensure user data remains secure.

TGC holders can even stake their tokens and earn yields exceeding 313% annually.

Like the two projects mentioned above, TG.Casino is still in its presale phase, yet it allows investors to buy TGC tokens before their open market debut.

TGC tokens are currently available for $0.15, although with over 66% of the allocation snapped up already, there’s a growing belief that the presale could sell out soon.

 

Visit TG.Casino Presale

Top ten competitive advantages of PrimeXBT Crypto Futures

Cryptocurrency trading offers tremendous opportunities that simply aren’t found in other markets. The ability to realise life-changing wealth lies within reach thanks to Crypto’s legendary volatility. But seizing those profits takes more than just blind luck – you need the right trading tools and platform.

Not all exchanges live up to the demands of active Crypto trading in today’s fast-paced digital asset markets. The ideal platform needs to provide far more than simple order execution. With new exchanges constantly flooding the scene, only the most innovative and trader-focused deliver an environment to truly thrive.

This is where PrimeXBT’s Crypto Futures exchange shines. PrimeXBT packs the must-have features to trade Crypto successfully. Customisable workspaces, built-in charting, Copy Trading modules, and multi-asset support give you an edge across any market condition.

PrimeXBT tears down barriers like high fees and minimums, but also offers up to 200:1 leverage to maximise profits. Whether you’re a total beginner or seasoned pro, PrimeXBT has resources to match your experience level. The platform grows with you as your Crypto trading skills progress. 

Here are the top ten reasons PrimeXBT is the best-in-class choice for unlocking Crypto’s full profit potential.

1. Ever-expanding list of Crypto assets

When Crypto Futures first debuted, it featured eight of the largest Crypto pairs including stalwarts like BTC/USD and ETH/USD. But PrimeXBT continually adds support for more Cryptocurrencies based on popularity, trends, and user requests. Now with up to 35+ pairs, traders have their pick of top altcoins like Cardano, Solana, Avalanche, and dozens more. Even meme coins like Dogecoin are available to tap into viral momentum.

No matter which ways Crypto markets move, PrimeXBT likely has the assets you need to capitalise on both uptrends and downtrends. The team vets and lists new Cryptocurrencies rapidly, so traders always have the hottest options with enough volatility and liquidity to generate profits. 

2. Ultra-low fees help profits stack up

You don’t need an enormous bankroll to get started and thrive with PrimeXBT. One of the platform’s greatest strengths is making Crypto derivatives trading accessible and affordable for anyone. Trading fees are at an incredibly low 0.1% per trade, regardless of your account balance. To put this in perspective, fees at other major Crypto exchanges often start around 0.20% and only decrease for high-volume traders.

There’s also no minimum deposit or account balance required with PrimeXBT. You can fund your account with any amount, even just a few dollars, to test the platform and make small trades cost-effectively as you learn. Low fees maximise your profit potential on every trade while low minimums help beginners get started the right way.

3. Adjustable leverage up to 200:1

Unlike other Crypto derivatives exchanges offering max leverage between 10:1 to 100:1, PrimeXBT allows you to customise leverage based on the specific Cryptocurrency asset. Conservative coins like BTC and ETH can use up to 200:1, while more volatile assets have 50:1 caps or lower. This prevents you from overextending yourself on riskier altcoins.

The adjustable settings let you dial in your preferred risk/reward level on a trade-by-trade basis. Lower leverage provides greater safety, while higher leverage unlocks more profit potential from the same market moves. This allows beginners to minimise risk and maximise potential gains.

4. Fully customisable platform layout

PrimeXBT packs an incredible amount of tools, charts, data modules and more into the trading interface without feeling cluttered. The dashboard employs a modular layout, allowing you to drag and drop elements anywhere on screen to create your ideal workspace. Play with multiple configurations to find the most efficient layout for your strategy and workflow.

Frequently used tools like the versatile order book, pending orders, and multi-chart windows can be tailored to your needs. Configure the platform to give you the informational edge the markets demand, rather than settling for a rigid, one-size-fits-all layout. Customisation keeps everything you require front and centre.

5. Built-in charting and analysis tools

Proper trading analysis and charting can make or break your P&L. PrimeXBT saves you major hassle by integrating charting from the industry leader TradingView directly into its platform UI. Rather than relying on two separate programs, you get TradingView’s real-time data, drawing tools, and indicators, seamlessly built into the PrimeXBT platform, for quick access.

With essential charting available natively, you avoid missing profitable trading signals during market moves. Switch through various timeframes, add indicators like Moving Averages or Bollinger Bands, and spot patterns and trends faster, to find more trading opportunities no matter which Crypto you follow. Smooth, in-house charting gives you a distinct edge.

6. 24/7 multilingual customer support

Trading never sleeps, and neither does PrimeXBT’s support team. Unlike other exchanges who offer little beyond frustrating bots and delayed email ticketing, PrimeXBT provides 24/7 human support in multiple languages. You’ll speak to a real person ready to assist you day or night, on weekends, holidays, and any other time you need help.

This round-the-clock assistance also gives you peace of mind, allowing you to trade confidently anytime knowing an expert can answer questions or provide guidance. Quick and effective support is critical in volatile Crypto markets. PrimeXBT’s stellar team has your back whenever issues arise so you can trade with less stress.

7. Test drive Crypto Futures with Contests

If you’re unsure about diving headfirst into real Crypto Futures trading, PrimeXBT lets you preview the platform and markets risk-free. The innovative Contests portal offers simulated trading competitions using demo accounts loaded with virtual funds. Compete to rack up hypothetical profits against fellow traders and win real Crypto prizes.

Contests offer an ideal way to experience real market conditions and fine-tune strategies without real money fears. New traders can gain experience identifying trends, planning entries and exits, using indicators, and more, to become completely comfortable with PrimeXBT’s interface and tools. Contests help transform you into a confident trader.

8. Copy the profits of expert Strategy Providers

Take the guesswork and effort out of active trading using PrimeXBT’s built-in Copy Trading module. The peer-to-peer Covesting community connects you to vetted Strategy Providers – experienced traders who publish their trading stats and performance data for transparency.

Browse Providers’ profiles and track records to find profitable strategies matching your risk tolerance and goals. Click follow to essentially subscribe to your chosen Provider and automatically copy every one of their trades proportionally into your portfolio. It’s an easy way for beginners to leverage experts’ skills or for pros to diversify.

9. Award-winning mobile app keeps you connected

PrimeXBT’s mobile apps for iOS and Android devices have earned awards for good reason – they provide a seamless trading experience on the go. The app’s interface is silky smooth, with fast loading times between tabs. You also get full account management functionality in the palm of your hand.

Never miss sudden price swings or opportunities thanks to easy on-the-go order placement or modifications. The app’s convenience lets you manage portfolios anywhere, whether you’re away from your desk or travelling abroad. Smooth mobile trading is a must-have perk.

10. Diversify across more than just Crypto

While PrimeXBT’s Crypto Futures exchange delivers an unparalleled trading environment focused on digital assets, the platform offers much more. Complement your Crypto portfolio by trading global Stock Indices, Commodities, Forex, and more, from a single account.

Diversification protects you from Crypto-specific volatility. Long-term traders can hedge positions to minimise risk. While having additional assets gives you more ways to profit, so you’re not limited solely to volatile Cryptocurrencies. Only PrimeXBT combines Crypto and multi-asset trading for maximum flexibility.

Conclusion

PrimeXBT’s Crypto Futures platform stands out in a crowded field by offering far more than just an engine to buy and sell digital currencies. Every feature provides an advantage to active traders, from cutting-edge tools and customisable layouts, to a Copy Trading module and multi-asset support. Newcomers can enter the Crypto game for pennies on the dollar, while advanced traders get capabilities to push their skills further.

Compared to traditional Crypto exchanges designed for passive holders, PrimeXBT’s cutting-edge functionality and trader focus make it the clear choice for anyone ready to dive into Crypto derivatives trading. The platform can grow with any trader’s experience level and market conditions. PrimeXBT breaks the mould by providing all the tools you’ll need not only survive, but thrive, in Cryptocurrency’s volatile Wild West.

Tricks of the trade: how to get the most out of the PrimeXBT Trading Academy

The Cryptocurrency market moves fast, and without the right knowledge, it can be difficult to capitalise on opportunities or avoid major losses. That’s where the PrimeXBT Trading Academy comes in. As a comprehensive educational resource for Crypto traders of all levels, the PrimeXBT Trading Academy offers the insights you need to make smarter trades.

In this article, we’ll explore some key tricks of the trade to help you get the most out of the PrimeXBT Trading Academy. Whether you’re just starting out or looking to take your skills to the next level, these tips will ensure you extract maximum value from all the academy has to offer.

What is PrimeXBT?

But first, what exactly is PrimeXBT? PrimeXBT was founded in 2018 and offers clients access to an award-winning multi-asset trading platform. It allows users to trade not only Crypto Futures on assets like Bitcoin and Ethereum, but also offers margin trading on Forex, Commodities, and Stock Indices – all from one account.

The company is known for offering advanced trading tools, robust security features, excellent liquidity, and competitive fees. PrimeXBT also hosts the exclusive Covesting module, a peer-to-peer Copy Trading platform that connects less experienced followers with successful professional traders.

Now onto the tricks of maximising your learning from the PrimeXBT Trading Academy.

primeXBT Trading Academy

Master the essentials

The foundation for all successful Crypto trading is having a solid grasp of the essential concepts and terminology. The PrimeXBT Trading Academy has an entire section dedicated to Crypto essentials.

Spend time ensuring you understand key ideas like what Cryptocurrencies are, what ledgers and blockchains are, the difference between centralised and decentralised networks, what wallets are, and important vocabulary like HODL, FUD, FOMO, and more.

Without fluency in Crypto basics, it’s easy to get overwhelmed by more advanced material. So take it step-by-step, mastering Crypto essentials before moving to more complex topics.

Learn multiple trading strategies

One of the biggest mistakes new traders make is trying to master just one trading strategy or style, like day trading or swing trading. The reality is, to consistently profit in Crypto, you need versatility to adapt to ever-shifting market conditions.

The PrimeXBT Trading Academy provides education on multiple approaches, including long-term investing, day trading, swing trading, scalping, dollar-cost averaging, and more. Study the pros and cons of each, and develop skills across multiple strategies. This expands your ability to generate returns regardless of whether markets are steady, volatile, bullish, or bearish.

Practise good risk management

Perhaps the most important element of trading success is effective risk management. Skilled risk management is what separates profitable traders from gamblers who are soon wiped out. The PrimeXBT Trading Academy offers many tips and tactics for minimising risk, such as using stop loss and take profit orders, maintaining proper position sizing, diversifying, and more.

But knowledge alone isn’t enough – you must repeatedly practise implementing good risk management until it becomes second nature. Don’t skip risk management lessons even if other topics seem more exciting. Making risk management an ingrained habit is essential for long-term trading success.

primeXBT Trading Academy

Keep an organised trading journal

A trading journal is one of the most powerful (and underutilised) learning tools. Recording details of each trade, analysing wins and losses, and tracking key performance metrics over time provides data-driven insights into strengthening your approach.

The PrimeXBT Trading Academy emphasises the importance of keeping a detailed trading journal. So be sure to put this advice into action. Over time, the patterns and trends in your trading journal will reveal both strengths to leverage and weaknesses to address.

Learn technical analysis

Understanding technical analysis is what enables traders to forecast price movements, identify emerging trends, and pinpoint optimal entry and exit points. The Trading Academy offers extensive technical analysis education, covering chart types, indicators, support and resistance, triangle and wedge patterns, and more.

But technical analysis is a skill requiring lots of practice, so don’t just read about it – actually learn how to plot charts and indicators yourself. The PrimeXBT platform even provides charting tools from TradingView connected to real price data so you can hone your TA abilities with hands-on experience.

Turn insights into action

With so much material to cover, the PrimeXBT Trading Academy offers tons of powerful insights. But simply reading the content isn’t enough – you must apply what you learn in the real world. After studying a concept, put it into practice right away rather than postponing it.

Actively practising trading skills accelerates the learning curve. So frequently take the knowledge you gain and test it out yourself. Day trade a volatile Crypto, try your hand at technical analysis, implement a new risk management tactic, or whatever else you’ve learned. Turning insights into hands-on experience is key for progress.

primeXBT Trading Academy

Stay disciplined and consistent

Lastly, understand that mastering trading takes discipline and consistency over the long-term. Don’t expect to become an expert overnight. But stick with it, make trading education a regular habit, and regularly assess both strengths and weak spots. Maintaining this mindset is crucial for learning and development.

The PrimeXBT Trading Academy is packed with invaluable lessons for traders at every level. Applying these 6 proven tricks of the trade will help you get the most out of the platform’s educational offerings. Keep studying, practising, tracking data, and implementing new skills to accelerate your trading expertise. Consistent education is the path to Crypto trading success.

Hottest New Meme Crypto ‘Sonik Coin’ Nears $1.5 Million Raised With 20 Hours Left In Presale

The speedy new meme coin Sonik Coin (SONIK) has exploded past $1.35 million in its presale after launching less than three weeks ago. 

Now, investors are poised with just 20 hours remaining to buy $SONIK at its presale price or face buying it on the open market after its initial exchange offering (IEO).

Sonik Coin 2

With little time remaining, investors have begun piling into the presale at sonikcoin.com, opening the door to a possible sell-out due to its $2,098,547 hard cap.

The project will be listed on Uniswap, with rumors circulating it could go live as early as next week. 

One of the main reasons for Sonik Coin’s successful presale is its unique Stake-to-Earn mechanism offering holders passive rewards with a generous annual percentage yield (APY) on their $SONIK tokens.

What Is Sonik Coin?

Sonik Coin is a newly launched meme coin inspired by the Sonic the Hedgehog franchise. The project has no official affiliation to the franchise but simply pays homage to it, establishing a nostalgic allure.

According to its website, Sonik Coin aims to be the fastest meme coin to reach a $100 million market cap. Considering the giants that stand before it, like Pepe and Shiba Inu, this is no easy task.

However, Sonik Coin’s growing presale success signifies a thriving and engaged community, which will likely carry over following its IEO. Visit the Sonik Coin Telegram channel to stay updated on the project’s latest announcements.

Stake-to-Earn

Sonik Coin’s premier feature is its Stake-to-Earn mechanism, offering holders passive rewards by simply staking tokens in the project’s smart contract. When writing this, the project offers an impressive 56% APY on staked tokens. 

Sonik Coin 3

Furthermore, the Sonik Coin staking dashboard shows that over 42,000,000 $SONIK are staked, almost 25% of its current circulating supply.

As the amount of $SONIK tokens staked increases, the APY will drop. However, the project has a four-year vesting schedule to ensure its long-term health. Also, more tokens in the staking pool will add to the token’s scarcity, potentially benefitting its price.

Stake-to-Earn has proved a hot topic lately, with the popular Stake-to-Earn BTC20 doing a 6x following its presale.

Analysts Forecast 100x Gains

As well as catching the eye of meme coin investors, Sonik Coin has been touted by many prominent industry analysts.

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According to YouTube analyst and trader Michael Wrubel (300K subscribers), Sonik Coin could do a 100x following its presale. The video highlights that Sonik Coin is well-positioned to pump due to the ongoing broader market conditions.

Another popular analyst, Jacob Bury (21K subscribers), predicts a 10x for Sonik Coin, calling it a Pepe alternative and highlighting its Stake-to-Earn feature as its main draw.

Meanwhile, Crypto Gains (107K subscribers) estimates a 20x for the meme coin. The analysis compared Sonik Coin to HarryPotterObamaSonic10Inu, which recently exploded to a $140 million market cap a couple of months after launching.

Community-Focused Tokenomics

The final piece to the Sonik Coin project is its long-term, community-centric tokenomics. It has a total supply of 299,792,458,000 (incidentally the speed of light), with 50% of tokens available in the presale, 40% allocated to staking, and 10% for liquidity to enable seamless trading.

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Sonik Coin’s entire presale has taken place at a single price of $0.000014, providing all investors an equal opportunity to buy $SONIK and encouraging community solidarity.

Finally, 0xGuard conducted a Sonik Coin audit to test the project’s security. Ultimately, the auditor reported that Sonik Coin is safe due to no malicious findings.

With just 21 hours until the presale ends, potential investors must be quick to secure their $SONIK tokens. Alternatively, you can buy them on the open market after its Uniswap exchange launch, but at a potentially higher price.

Visit Sonik Coin Presale

What are Altcoins? Definition & Different Types

What is an Altcoin

The word “altcoin” is an abbreviated term meaning “alternative coin”. Altcoin is simply the name given to all the cryptocurrencies that aren’t Bitcoin.

Altcoins typically form in two ways. Either an independent developer pursues their own vision and develops a new cryptocurrency from the ground up or there’s developmental disagreement among the creators resulting in some deciding to split off to make their own. 

For example, Litecoin splintered off from Bitcoin in 2011, believing that greater transaction speeds were the way forward.

This led to many of the established cryptocurrencies and altcoins sharing similar characteristics and operating systems – like Arbitrum using the Ethereum blockchain ledger and Solana using the same proof-of-work technology as Bitcoin — growing the number of alternative variants.

Types of Altcoin 

There are many types of altcoins used for a variety of purposes. As some creators tried revolutionizing payments and increasing transaction speeds, others developed altcoins and cryptocurrencies for more niche functions.

The main types of altcoins are:

Mining-based coins

Bitcoin is a mining-based coin. This means that a team of professional miners use software to solve mathematical equations to verify blocks of transactions — when a block is verified, the miner receives a small part of a bitcoin as a reward. 

As well as the two giants, Bitcoin and Ethereum, many other altcoins — like Litecoin, Dogecoin, ZCash, and Monero — also follow this verification strategy. Unfortunately, it is time-consuming, costly, and uses a lot of energy to mine.

Stablecoins

Stablecoins are a type of cryptocurrency that have their price fixed through either an artificial algorithm or by linking them to a fiat currency or commodity to uphold its value and prevent wild fluctuations.

For example, Tether — a stablecoin based in the United States — is bound to the US dollar. This means Tether’s price can only follow the natural market value of the currency and isn’t at the mercy of supply and demand.

Although typically a safe investment, problems can arise when the company or issuer of the coin doesn’t have sufficient reserves to justify its value.

Staking-based

Some altcoins have a different consensus mechanism for verifying block transactions. While most cryptocurrencies, tokens, and altcoins approve blocks using a proof-of-work consensus mechanism, some coins use what’s known as a proof-of-stake mechanism.

Holders of stake-based coins have options to stake their coins — this means offering their coins to a third-party reviewer for transaction processing. With each verified block, the participants are rewarded with small portions of the coin as a reward. 

Altcoins like Cardano, Toncoin, and Polkadot are all examples of proof-of-stake currencies. 

Governance

Some currencies give investors “voting rights” to have a say in the future direction of the cryptocurrency by voting on proposals and suggesting ideas for improving the blockchain project.

The idea behind these coins is to decentralize decision-making and allow the investors a chance to have a say on how to improve the operating systems and blockchain infrastructure and give hands-on feedback to developers.


How many altcoins are there? 

Because of the popularity of cryptocurrency and how it’s proven to be a lucrative money-making opportunity – even after the 2013 crypto boom – there are thousands of different coins, each with their own unique blockchain infrastructure and consensus mechanisms.

It’s estimated that there are just over 17,000 types of altcoins available on the market.


Are altcoins a good investment?

For investors looking to add cryptocurrency to their portfolio, altcoins are a great diversifier. Just like a stock, a cryptocurrency can appeal to investors and perform well on exchanges if it has strong market and technical fundamentals. 

Factors such as whether an altcoin has a positive technical trajectory — like rapid transaction technology, desirable, secure blockchain infrastructure, and a strong demand for supply — can make it a desirable investment opportunity for long-term investments and traders.

However, it’s important for investors to research the coins before committing large amounts of capital to them, as the market is still in its infancy.


What to consider before buying altcoins 

Evaluating an altcoin for investment is more complex than just watching candlestick charts and trying to jump in at the right time. Some of the things investors need to know when investing in altcoins and cryptocurrency include:

Market capitalisation

The market cap of a cryptocurrency is calculated by multiplying the number of coins in circulation by the value of the coin. Typically, the higher the market cap, the higher the value of the cryptocurrency and the potential price fluctuations of each coin – making it an integral metric for deciding whether or not to invest.

Trading volume

Trading volume is the number of cryptocurrency tokens or coins being bought and sold over a specific time frame. The higher the volume, the more desirable the currency, as it shows there’s significant interest — indicating periods of rapid growth or decline.

Historic and current price trends

Although not guaranteed to yield results, looking at historic pricing — as well as more recent charts — can help investors paint a picture of the general pricing trends of a cryptocurrency.

Market sentiment

Keeping informed of crypto news is paramount to making an investment. Because cryptocurrencies are still in their infancy, much of their value is derived from consumer hype and faith in a cryptocurrency’s infrastructure. 

Therefore, news is likely to have a dramatic effect on the pricing of each token or coin — this is especially true for smaller altcoins that aren’t as established as giants like Ethereum, Ether, and Litecoin.

Social media sentiment 

Just like mainstream news can govern market sentiment, social media can too. Positive social media attention can cause the price of a coin or token to skyrocket, as investors swarm to claim a share of the profits. 

However, it’s important to practice caution when considering social media opinions for many reasons. Although they’re a good source of information, it could potentially be wildly inaccurate. Even worse, social media hype has the potential to be part of a pump-and-dump scheme where influencers and public figures artificially inflate currencies only to release their own holding when it reaches the peak.


Future trends in altcoins 

As technology, consumer sentiment and currency users change, altcoins must adapt to keep pace with new requirements. 2023 is a new year for altcoins and many changes are around the corner. 

Some of the key anticipated changes are:

Addressing crypto’s environmental impact

Proof-of-work systems use exorbitant amounts of energy and require expensive, high-power computers to uthorizes blockchains, green-light payments, make transfers, and mine currency quickly.

It’s such an expense that Ethereum is moving to a proof-of-stake consensus mechanism to create new blocks in its blockchain. This not only speeds up payment times for consumers but reduces overhead costs and is kinder on the environment — setting the precedent for many altcoins to do the same.

Reviewing how new and existing coins are valued

A recent string of proposed government ICO clampdowns in countries like the USA, UK, and Sweden may trigger a change in how new coins are valued at market entry.

One of the main issues is that they are completely unregulated, allowing scams to ravage investors’ portfolios without any recourse for repayment. 

With some governments worldwide forcing cryptocurrency developers to disclose information about the coin, registering it in an index, and implementing investor protection strategies to compensate consumers, this could affect the cryptocurrency landscape — forcing crypto developers into creating coins with real-world utility and avoiding the meme route.

A potential boom in the second half of 2023

As investors fled the markets at the start of the year in the wake of a weakened economy and rising interest rates, the start of 2023 saw the cryptocurrency market begin to bear. 

However, some analysts speculate that the value of some cryptocurrencies — namely, Ethereum, XRP, and Solana — are expected to see sizeable gains, with some others expected to follow suit.


Frequently Asked Questions (FAQs)

What are the top 3 altcoins?

The cryptocurrencies expected to make substantial gains towards the end of 2023 are, Ripple (XRP), Binance Coin (BNB), and Solana (SOL), while Ethereum (ETH) has already made substantial gains this year.

What is the most famous altcoin?

While the first altcoin, Namecoin, holds the title for being the original, Ethereum is arguably the most famous altcoin on the market, being the only alternative coin coming close to rivaling the historic highs of Bitcoin.

What are the disadvantages of altcoins?

While altcoins are a great diversifier for a portfolio — allowing investors to stake money on emerging assets while being protected by historic hedges like precious metals and commodities — investing in them does come with an inherent set of problems.

The main problems with altcoin investments are:

  • They’re incredibly volatile, and therefore, high-risk.
  • Some cryptocurrencies oversupply the demand — stagnating the price.
  • The value of an altcoin is almost solely based on speculation and hype and can be overvalued.
  • There is always a risk with altcoin investments that they’re pump-and-dump schemes — meaning investors have to be careful when researching altcoins and be wary of those with low liquidity.

How do altcoins gain value?

Altcoins gain value like any other stock, cryptocurrency, or commodity — through increased demand.

When news breaks that an altcoin has made a significant step to boosting its real-world utility or investors are swarming to it, the price of the coin will rise as demand increases and supply falls.

Dogecoin vs Bitcoin: Key Differences and Similarities

What is Dogecoin?

Dogecoin is an alternative coin — more commonly known as an Altcoin — that was established by co-founders Jackson Palmer and Billy Markus in 2013. It was initially created as a joke — based on the well-known “Doge” meme.

Each coin has its own blockchain infrastructure and operating system. Dogecoin runs on the same blockchain infrastructure and uses similar proof-of-work operating systems — a mathematical security system used to verify transactions and approve task execution — as Litecoin and Ethereum, with small modifications.

How is Dogecoin different from Bitcoin?

Bitcoin and dogecoin are extremely different cryptocurrencies.

Bitcoin is a widely-used, reputable coin that acts as legal tender in many countries across the world, as well as in transnational markets and industries. Dogecoin lacks the legitimacy and global infrastructure to reach the heights of Bitcoin.

They also differ drastically in market share. With Bitcoin, there’s a finite number of coins available, creating a limited supply. Dogecoin has an endless supply of tokens, meaning supply can never outpace demand, leaving it in a permanently deflationary state.

Both Dogecoin and Bitcoin also run on different blockchain networks — and different advancements in blockchain technologies are one of the determining factors of market fluctuations.

Bitcoin runs on its own blockchain network, whereas Dogecoin piggybacks off the Ethereum blockchain, but with its own slight changes to transaction tracking and payment recording.

Is Dogecoin better than Bitcoin?

Deciding which cryptocurrency is better will ultimately come down to what a user is looking for from their coin.

If users are looking for transaction speeds and lower fees, Dogecoin is superior due to the Ethereum-based blockchain, being designed specifically for rapid, seamless transactions.

However, if it’s accessibility, usability and value that users are looking for, Bitcoin outperforms Dogecoin because it’s more widely-used and available — meaning users have more options when it comes to making and receiving payments.

From an investment standpoint, Bitcoin stands head and shoulders above Dogecoin. While Dogecoin is struggling to reach 1 cent in value, Bitcoin fluctuates on average between 27-30 thousand dollars per coin.

While Bitcoin’s value is based on quantifiable aspects — like its widespread usage, user popularity and limited circulation — Dogecoin doesn’t have too much room for growth given its endless supply and low user uptake.

Dogecoin vs Bitcoin price

The difference between the current and historical price fluctuations of the two coins couldn’t be more different.

At the height of its reign, Dogecoin peaked at 74 cents, having opened on the market at 0.017 cents per coin — meaning its value went up by over 9000% during the cryptocurrency boom.

In that same period, Bitcoin had a meteoric rise — peaking at over $61k and opening at $327 — growing at a percentage rate of over nine million percent from opening.

Both coins have historically reached dizzying heights — allowing those traders who were hot on the trends to see staggering profits.

However, the popularity, accessibility and user uptake of Bitcoin means it’s the more valuable coin by a wide margin.

Dogecoin mining vs Bitcoin mining

“Crypto mining” is a common way for users to get hold of valuable coins.

The process of mining involves using powerful computers and high-speed internet connectivity to automatically solve a series of complex puzzles and algorithms to validate transactions and secure small portions of coins.

With enough portions, miners begin to accrue enough value to make the long process of mining worthwhile.

Despite the popularity of Bitcoin, it’s much more time-consuming to mine than its Dogecoin counterpart.

Bitcoin miners typically take around ten minutes to approve transaction blocks, whereas Dogecoin miners can approve them ten times faster, with a block every minute. Because Dogecoin runs on an adaptation of the Ethereum blockchain — which can be mined at a rate of 13 million blocks for every 700,000 Bitcoin blocks — it’s significantly easier to mine.

Frequently Asked Questions (FAQs)

Can Dogecoin grow like Bitcoin?

It’s extremely unlikely that Dogecoin will ever reach the value of Bitcoin for three key reasons.

The primary reason is popularity. Because of Bitcoin’s widespread usage and popularity, it’s infinitely more sought-after than Dogecoin.

Secondly, the circulation of Dogecoins doesn’t allow it to grow in the same way Bitcoin did. There is an unlimited number of Dogecoins, meaning the number will always be higher than demand. There is only a finite number of Bitcoins in circulation — meaning that demand will likely always outstrip supply, increasing its value.

Comparatively speaking, Dogecoin is an inflationary coin and Bitcoin is a deflationary coin, meaning Dogecoin can never grow in the same way.

Lastly, many reputable investors believe that the primary “crypto booms” are over. Only the longstanding, widely used coins like Bitcoin and Ethereum will see substantial gains whereas meme tokens like Dogecoin and Shiba Inu will never see these highs again in the eyes of many reputable traders.

Is Dogecoin still a good investment?

Despite it being a meme coin that is taken less seriously than other big players, many investors still hold Dogecoin in their portfolios.

Because you can buy a significant number of Dogecoins for incredibly low prices, even minor fluctuations can land quick profits.

However, the risk of another cryptocurrency crash — and the volatile nature of crypto in general — means that most investors will only hold a small percentage of the coin in their portfolio to mitigate against risks like the crypto crash of 2018.

What is the disadvantage of Dogecoin?

Despite it being a well-known cryptocurrency, Dogecoin has its disadvantages — both as a cryptocurrency and an investment.

Some of the disadvantages to consider when investing in Dogecoin include:

  • Lack of utility — Despite being the tenth-highest cryptocurrency in terms of value, it has almost no real-world utility. Because its value is entirely based on speculation and hype derived almost entirely from its meme background, Dogecoin is inherently unstable. It also lacks the real-world use and user uptake of larger, more practical coins like Bitcoin and Ethereum.
  • No supply cap – Because the supply of Dogecoin is endless, it can never outpace demand — ultimately limiting its potential for growth.
  • Little supporting metrics — It historically has not been a big grower. Despite booming significantly during the crypto boom of 2017, it never exceeded a value of more than 61 cents per coin — making it an incredibly low-value asset, even at the height of its power.

Is Dogecoin a good long-term investment?

Unfortunately, without a significant shift in either how it functions as a cryptocurrency, market shifts or investor interest, it’s unlikely investors will see long-term gains on the asset.

Like all cryptocurrencies, it can act as a strong diversifier for short-term gains — given the volatile nature of the crypto market. However, its potential for long-term gains compared to established coins and tokens like Ethereum, Bitcoin and Solana, is slim.

Can BRC-20 Tokens Become The Face of the Next Bull Run?

In May 2021, a Shiba Inu-inspired coin had retail investors flocking to cryptocurrency. Dogecoin was an unlikely marker of one of the all-time bull run highs. But it goes to show that when you find the right meme, you can chorale a community to show up in force.

The rise of Dogecoin felt like cryptocurrency had finally reached its tipping point. Then, the likes of Terra and FTX destroyed consumer confidence, and we all know what happened next. Now we need something to draw us out of crypto winter.

Just like Dogecoin did two years ago — and almost to the day — a new BRC-20 token could mark the start of more bullish times for cryptocurrencies. Let’s delve into BRC-20 tokens to discover what they really are.

Revealing the captivating rise of a token that could well become Doge’s arch nemesis, and the bellwether of Bitcoin summer.

The Rise of BRC-20 Tokens

BRC-20 tokens have emerged as a novel “token standard” on the Bitcoin network. BRC-20 tokens make it possible to mint individual satoshis with information about an entire collection of tokens, meaning you can spin up a Dogecoin-like crypto on Bitcoin.

They first captured the attention of the diehard crypto community in March 2023, and the market capitalization of all BRC-20 tokens is now close to $1 billion. That said, no individual token had broken out beyond the core community.

At least, that was the case — until just a couple of days ago.

The ‘Bitcoin Cat’ Taking On Ethereum

Trust is lacking in the cryptocurrency space right now, so a bull run looks anything but imminent. But if we can find a point of trust to bring the everyday investors back to the blockchain, then who knows.

Perhaps Bitcoin meme coins are the way. After all, Bitcoin is the most trusted cryptocurrency, the OG. And the rise of the BRC-20 token standard shows the trend might just kick start ‘Bitcoin summer.’ 

All we need is the right meme, and it looks like we might have just stumbled across a contender: a newly-minted BRC-20 token with the face of a recognisably agitated cat deployed onto Bitcoin just two days ago. 

The token, aptly called $GRUM, saw over 50% of its 21 billion supply minted within the first few hours before soon selling out. This made it the only BRC-20 token in the top-25 by holder count to have minted such a high portion of its supply to such a broad investor base so quickly.

The token’s initial success reflected its ‘fair launch process,’ wherein anyone could mint up to one million $GRUM. The absence of allocations ensured a level playing field for all, instilling further trust from the community. 

But perhaps there’s something more prescient there. 

Can $GRUM bring back the bulls?

The convergence of BRC-20 tokens and the meme coin revolution on Bitcoin has opened up exciting new possibilities in the crypto space. $GRUM, with its swift ascent and rapidly expanding community, showcases its potential to become a new favorite.

The move would help more retail investors understand and perhaps join the BRC-20 meme coin wave, which could force the dogs and frogs of Ethereum to take a back seat. This Bitcoin token seems to have the memetic power to draw huge attention.

Note: The above article is for illustrative purposes only and does not constitute financial advice.