Dogecoin was last changing hands in the mid-$0.14s, having bounced from $0.14 support on Monday.

The subdued tone to trade will have disappointed some. Monday was actually the day that Dogecoin futures launched on Coinbase, the largest US crypto exchange.

Today is the amended date Coinbase is supposed to launch #Dogecoin futures pic.twitter.com/qJMHP6G9I4

— Crypto Daily Trade Signals (@cryptodailyTS) April 30, 2024

For now, with macro risks in focus, price could continue ebbing lower. Recent data out of the US has shown weaker-than-expected growth, but hotter-than-expected inflation.

That’s a bad combination for risk assets and complicates the outlook for Fed rate cuts.

Indeed, fading rate cut bets has been one reason for major cryptos losing bullish momentum in recent weeks.

Dogecoin could easily retest its mid-March and mid-April lows in the $0.12-13 area.

That being said, the long-term outlook remains robust for the meme coin.

Can Dogecoin Hit $3.80?

Dogecoin remains the undisputed king of meme coins and is unlikely to lose this position thanks to Musk’s ongoing backing.

Its not unsurprising then that traders continue predicting big things for Dogecoin.

One X user predicted that the coming bull cycle could launch DOGE as high as $3.80.

In all of #Dogecoins bull cycles it has never failed to meet or surpass the 1.618 Macro FIB extension measured from previous bull market highs to bear market lows. The current 1.618 FIB on #DOGE currently sits at $3.80. While I think this can be more difficult to achieve then… pic.twitter.com/9UE0rE3zCY

— Kevin (@Kev_Capital_TA) April 26, 2024

That’s based on analysis that Dogecoin has always hit the 1.618 Fibonacci extension measured from the prior bull market high to the most recent bear market lows.

While the outlook for Dogecoin is strong, traders are still eager to diversify into other high-potential projects.

One project that Dogecoin investors are turning to is exciting virtual reality ICO 5thScape. Here’s why 5thScape is generating excitement.

5thScape – Is This Exciting Virtual Reality ICO 2024’s Best Opportunity?

5thScape has been attracting a lot of attention recently, with

5thScape is a first-of-its-kind crypto-powered VR/AR project, and investors are betting it will become a market leader.

At least, that’s what the project’s surging presale seems to suggest. 5thScape has already raised north of $5.6 million.

The token is priced at $0.00327, a steep discount from its planned launch price of $0.1. Investors who get involved now can lock in potential gains of 200%.

Given its total token supply of 5.1 billion, investors who get in now are essentially buying into the project at a market cap of $16 million.

If 5thScape starts to gain traction as a market leader, it could easily become a $100+ million market cap coin.

If it was to reach a $300 million market cap, which isn’t that much to ask midway through a crypto bull run, that would mean over 1,700% gains for presale investors.

$5SCAPE token can be bought today with ETH, MATIC, USDT, BNB, or card.

80% of the total token supply is available for purchase in the presale.

Buy 5SCAPE Here

Here’s why 5SCAPE is one of popular crypto presale analyst Michael Wrubel’s top picks for 2024.

The post Dogecoin Investors Turn To This Exciting Virtual Reality ICO, Chasing Potential 1,700% Profits appeared first on Cryptonews.

Mollars initial coin offering is surging in presales while on it’s way to the event’s closeout. The new store-of-value asset, deemed  the ‘Bitcoin for Ethereum blockchain,’  will complete its ICO stage on May 1st.  But before the deadline,  the founder is now stirring up controversy over the ‘secret’ wallets of Satoshi Nakamoto and Ryoshi; founders of Bitcoin (BTC) and Shiba Inu (SHIB) cryptocurrencies.

It’s only a single one-line question, but it’s powerful. 

“Everytime you cash out those free tokens, someone has to lose. Doesn’t that bother you?”

That’s the question posed in a video short reel, shared on the Mollars YouTube channel today.

Bitcoin & Shiba Inu Founders Disappeared On These Questions

In the new animated video, Bitcoin’s founder Satoshi Nakamoto disappears before responding.    

Ryoshi, founder of Shiba Inu (SHIB) token, responds to the question with another question; he diverts the focus of the topic by asking Mollars’ founder can he refer the question to Shiba Inu’s lead developer, Shytoshi.

This question is being posed because Mollars will be one of the first tokens of its kind and the creator  nor developers involved will be issued free tokens.   The complete total minted supply of $MOLLARS tokens will be sold.

Someone has to lose for #Bitcoin & #ShibaInu founders to cash out their tokens. This is why the total token supply of Mollars will be sold on an equal opportunity basis.

Nobody gets tokens free from the #Mollars supply. Everyone has equal interests in the project.… pic.twitter.com/qyONGWuiwU

— Mollars (@mollarstoken) April 29, 2024

Why is it a good thing that Mollars total token supply is being sold?

This is a significant topic because all tokens that are liquidated [sold] must be paid for by someone’s cash.     

If cryptocurrency founders stash massive amounts of tokens for themselves during the creation process of a cryptocurrency, free of charge,  other peoples’ investments into the brand will give those tokens value.   The money invested will be split between the total token supply, suddenly giving that founder the ability to withdraw the value of each token sold. 

Since the founder paid nothing for the tokens, they lost nothing.

However, the investor that bought into the cryptocurrency will see a fraction of their token(s) value disappear from that owner selling his stashed coins.   Now in the hole, the only way for that investor’s funds to recover is a new crypto seafish swimming in and buying tokens, adding to the market cap of the cryptocurrency.

In layman’s terms, if the crypto founder held 2 tokens, then an investor comes and buys 2 tokens, the value of the 4 tokens becomes half of the 2 the investor paid.  Not exactly, but that’s the gist.   The owner gains something for nothing and the investors’ lose.

How much money does Satoshi Make From Bitcoin?

Mollars token founder is calling this topic out to highlight the 1-million Bitcoins that Satoshi Nakamoto kept for himself and the 17% of Shiba Inu (SHIB) token’s supply that Ryoshi and Shytoshi kept for themselves in stashed wallets.     

Bitcoin traders are now funding the $62-billion-dollar wallet of Satoshi Nakamoto.  Everytime he cashes in 1 Bitcoin, at today’s rate, some $BTC Investors will lose $62,0000 — a slow rug pull.

What’s Ryoshi & Shytoshi making from Shiba Inu?

Shiba Inu’s founder and lead developer held a token supply that was worth around $1-Billion dollars at one point..  If Ryoshi and Shytoshi decide to completely cashout their ‘secret’ wallets, that $1,000,000,000 would have to be drained from the wallets of investors who know nothing about these stashed, owner self-gifted coins.

Mollars token will have none of this ‘murky’ underlying instability.    Instead, the team of professionals behind the rival for Bitcoin, will get paid an appropriate salary from ICO funds.   Neither during nor after the Mollars token presale, will anyone be gifted tokens.

Expect a sellout

THere will be 10-million $MOLLARS tokens minted for eternity.  All of these tokens will be sold through equal opportunity buying exchanges.   WIth over 2.6-Million ‘coins’ of the Mollars brand already acquired, it’s likely the full 10M will sell out, and rather faster than slower.

Mollars is also set to launch a decentralized cryptocurrency exchange via Mollars.CC that should add to the scarcity and value of the token as well.    Set to launch shortly after the first crypto exchange listing, the new DEX will depend on $MOLLARS to complete cross-chain exchanges.

Watch the controversial video released by Mollars below.  It’s been viewed thousands of times on social media platform X already..

The post Mollars token creator sends animated ‘warning’ about Shiba Inu & Bitcoin founders appeared first on Cryptonews.

ALGO was down around 2% on Monday, just below $0.19, having reached as high as $0.2650 last Wednesday.

The Algorand Foundation, the group behind the development of the Algorand blockchain, hosted the closing party for ETH Boston 2024.

Hey Boston #AlgoFam!

The @AlgoFoundation is cohosting the closing party for@ETHBoston 2024 alongside @TheBostonDAO!

Join us for a fun night with passionate, multi-chain developers and crypto enthusiasts!

Register for free https://t.co/GDz32s3elD pic.twitter.com/al4lHvKkep

— Algorand Foundation (@AlgoFoundation) April 25, 2024

Despite Algorand taking center stage at ETH Denver, Algorand’s price didn’t react much.

The token has been more or less glued to its 21DMA in the past few days, which is around $0.1930, and the ALGO price is currently just below it.

Wednesday’s sudden spike appears to have been a fake-out.

The Algorand price continues to hold to the north of a key technical level that could signal an imminent upside, however.

Here’s what to keep an eye on.

Algorand Price Prediction – Watch This Key Level

The Algorand price has lost bullish momentum since last week’s spike.

Indeed, it has even now fallen all the way back to last week’s opening levels.

The technical picture has brightened since last week, however, when the Algorand price surged above a downtrend that had been in play since mid-March.

Despite losing momentum in subsequent days, ALGO has been able to hold above this prior downtrend.

This downtrend appears to have flipped from resistance to support, and the ALGO price risks now appear tilted to the upside.

Of course, upcoming macro risks this week could dampen optimism and weigh on the price.

Recent data has shown inflation running uncomfortably hot in the USA, hurting the outlook for Fed rate cuts.

There are signs of a slowing economy, but this isn’t yet helping inflation.

This week’s US PMI/US jobs reports will be closely watched in the Fed rate cut debate context.

The Fed is also set to meet on Wednesday and is likely to reiterate its patience regarding cuts.

Macro may still be a headwind this week. And the above-noted optimistic technical outlook could easily break down if ALGO falls back to its April lows.

Can ALGO Reach $2.0?

Macro risks aside, things could fall into place for an altcoin rebound.

Ethereum gas fees recently hit six-month lows, a lead indicator of a possible altcoin rebound.

“Traders historically move between sentimental cycles of feeling that #crypto is going “To the Moon” or feeling that “It Is Dead”, which can be observed through transaction fees,” the crypto analytics firm Santiment argued. “The lack of demand and strain on the network may help turn $ETH and associated #altcoins around sooner…”

#Ethereum's average fee level has dipped to just $1.12 per network transaction, the lowest average cost in a day since October 18th.

Traders historically move between sentimental cycles of feeling that #crypto is going "To the Moon" or feeling that "It Is Dead", which can… pic.twitter.com/8b8rLMLyIf

— Santiment (@santimentfeed) April 28, 2024

So, could the next altcoin pump launch the Algorand price all the way to $2?

Algorand’s market cap is currently around $1.5 billion. A 10x rally to a market cap of $15 billion is certainly not out of the question.

Algorand will need to see growth in its network activity and adoption to deserve such appreciation, however.

As per DeFi Llama, the blockchain currently has just below $180 million in trade value locked (TVL).

This will need to push above $1 billion for an ALGO rally to really get going.

ADA Alternative to Consider – Mega Dice Casino (DICE)

Crypto investors looking for investments with greater upside potential should consider presale investing.

Up-and-coming web3 projects and protocols often sell their native tokens at a discount to early investors to raise funds.

Presale investing is a risky game, similar to start-up investing. A project could fail to deliver on its vision for any reason, ranging from bad management to bad fortune.

If presale investors can find a good project that gains traction in the market, 10x is easily possible.

One project that analysts at Cryptonews are a big fan of is Mega Dice Casino.

This already well-established crypto casino has just launched a presale of its utility token DICE.

DICE holders get big cashback benefits on their wagers and can generate passive income via DICE staking.

The crypto casino is also running a series of exciting airdrops to reward early presale investors.

How to qualify:

– Register or have an account with https://t.co/xVgEFmzqv1 or https://t.co/QhS5uUOKEb.
– Wager in any cryptocurrency to meet the $5000 wagering requirement.
– The more you wager, the bigger your airdrop will be – capped at $37 500 per player.

— Mega Dice Casino (@megadice) April 22, 2024

The project is already close to raising $500,000. Potential investors might want to move quickly, as the DICE price will increase when the $1 million milestone is hit.

$DICE has raised over $500,000 in presale so far!

Thank you to each and every one of you for being part of our journey!

Next up, $1 million! pic.twitter.com/N94CDeHBOh

— Mega Dice Casino (@megadice) April 25, 2024

Check Out Mega Dice Casino’s Presale

Alternatively, see why well-respected crypto presale analyst Michael Wrubel is bullish on DICE for 2024.

The post Algorand Price Prediction as Community Gathers At ETH Boston – Can ALGO Reach $2? appeared first on Cryptonews.

Bitcoin (BTC) slipped to fresh 10-day lows under $62,000 on Monday, now down nearly 7% from last week’s peaks.

It has since rebounded to $63,000, but a short-term downtrend remains in play.

Last week’s US GDP report for Q1 showed growth slowing to 1.6% annualized, down from 3.4% in Q4 2023.

But at the same time, inflation picked up in Q1, as shown in the latest US Core PCE report.

Moving a bit towards stagflation. Tough place for policy. pic.twitter.com/N4VHFp0toa

— Joseph Wang (@FedGuy12) April 25, 2024

That could force the Fed to keep interest rates high despite a slowing economy.

Bitcoin traders will be closely monitoring US economic events this week, including a Fed policy announcement, ISM manufacturing and services PMI reports, and April jobs data.

The Fed will likely stick to its hawkish message that it will wait for further inflation progress before cutting rates.

The economic data, meanwhile, will further inform the stagflation debate.

Risks seem tilted toward Bitcoin testing the lower bounds of its recent $60,000-$70,000ish range.

Bitcoin, thus, might not be the best crypto to buy today for investors looking for quick gains. So, if not Bitcoin, which coin is best to buy now?

Investors will have to be more selective as they pick altcoins with strong narratives.

Here are some strong performers on Monday that could be the best crypto to buy today.

Best Crypto to Buy Today

Wormhole (W)

Investors mulling over which crypto to invest in on Monday should check out Wormhole (W).

Wormhole is the top-performing coin in the top 100 by market cap on Monday, as per CoinMarketCap.

W was last up 14% in 24 hours and just hit two-week highs above $0.69.

Wormhole is a multi-chain protocol that facilitates the movement of assets and data between blockchains.

Wormhole's W token is now natively multichain using the Wormhole Native Token Transfers (NTT) framework

Native W is now available in SPL format on @Solana and ERC20 format on @Ethereum, @arbitrum, @Optimism, and @buildonbase. pic.twitter.com/pwaJohYGXT

— Wormhole (@wormhole) April 25, 2024

The token launched in early April and hit highs at $1.85.

W could post 3x gains if it can return to its past highs. That means it could be the best crypto to buy today.

Sei (SEI)

Finance-focused blockchain Sei (SEI) is another strong performer on Monday, up 6% in 24 hours.

Parallelizing the EVM does not stop with launching Sei v2. It’s time to think even bigger.

As part of Sei Labs' mission to scale the EVM, it is creating an open sourced framework for maximally performant, parallelized L2 chains.

Introducing: the Parallel Stack.…

— Sei (@SeiNetwork) March 13, 2024

According to CoinMarketCap, SEI was trading at $0.64 with a market cap of $1.8 billion.

SEI is attempting to establish its presence above the resistance around $0.60, where its 21DMA also resides.

Assuming SEI can push above here, a rally back toward recent highs above $1.10 is possible.

Bulls will be hoping Thursday’s strong performance is the start of a pushback to 2024 highs around $11.0.

The prospect of quick 80% gains means that SEI could be the best coin to buy now.

Helium (HNT)

DePIN project Helium (HNT), a network that leverages a decentralized global network of wireless hotspot providers and doubles up as miners, is pumping on Monday.

According to CoinMarketCap, HNT went up 12% in 24 hours, trading around $5.70. The token had even pushed as high as $6.0 in recent trade.

HNT’s market cap was last around $920 million. This is still a bargain valuation for believers in the project’s long-term DePIN vision.

If HNT can push above its 50DMA at $5.70, a rally back to 2024 highs above $11 is possible. Given that it could quickly be 2x, HNT could be the best crypto to buy right now.

Alternatives to Consider – Crypto Presales

Investors looking to add some risk to their portfolios should check out an often overlooked but frequently profitable crypto investment strategy – investing in presales.

Up-and-coming web3 projects often conduct ICOs in order to raise funds for project development.

To attract early interest/investors to their project, they usually sell these tokens at a very low market cap.

That offers presale investors the chance to make big gains.

Of course, presale investing isn’t risk-free. The success of a project depends heavily on its management team.

Presale investors could lose all their initial investment should things go wrong.

But if they can reliably identify projects with great teams and a strong use case, presale investing can bring big profits.

With so many projects vying for investor funds, it can be tough to know where to start.

Luckily, analysts at Cryptonews.com spend a lot of time combing through the altcoin market in search of high-potential projects.

Here are some of their favorite picks in the market right now.

21 Best Crypto Presale Projects for April 2024

Alternatively, see Cryptonews analyst Crypto Arjay’s top picks in the below video.

The post Best Crypto to Buy Today April 29 – Wormhole, Sei, Helium appeared first on Cryptonews.

This article will provide an analysis of ELONWIF’s current price trends and look to see whether an innovative new multi-chain meme coin, Dogeverse, represents a more promising investment opportunity at this time.

$ELONWIF is going like I’ve never seen

No signs of dumping in this so far@photofinishgame @zed_run pic.twitter.com/ImKPLcepXz

— Champagne Stars NFT Horses (@jasonch33451874) March 26, 2024

ELONWIF price moves garnered major traction after developers combined Elon Musk virality with a play on the recent rise of top Solana meme coin DogWifHat (WIF).

ELONWIF Price Analysis: Can New Elon Musk Themed Solana Meme Coin Sustain Skyrocket Rally?

As price action continues to hammer to the upside, ELONWIF token is currently trading at a market price of $0.061 (representing a 24-hour change of +27,893%).

This comes after ELONWIF token exploded out of capitulative price action at around 14:00 UTC on April 28, in a sudden surge – fuelled by a rapid influx of more than $345k in trading volume.

A flurry of interest from retail traders saw ELONWIF gain quick-fire traction in the market, accelerating +26,153% in the first 3-hours to hit an initial high at $0.049 at 01:00 on April 29.

The substantial gains saw early traders take profit, triggering a brief localized retracement move down to lower support at $0.024.

However, a well-defender display by more than 1,300 holders saw ELONWIF explode out of consolidation this morning – with an ongoing second-rally leg now standing at +150% gains over the past 3-hours.

This leaves ELONWIF currently trading at a new all-time high of around $0.62, yet, with ELONWIF price analysts spotlighting an inflated market cap at $6.2m – price action at this stage provides little appeal for late-stage investors.

For this reason, smart money investors are getting ahead of the next big skyrocket launch by investing in the multi-chain Dogeverse presale.

Don’t Miss Your Chance to Ride the Next Skyrocket Rally – Invest in Dogeverse as Presale Goes Viral, Hits $12m Raised

Touted as the “chain traveling Doge,” Dogeverse has multi-chain functionality across major networks like Ethereum, BNB Chain, and Solana making it a versatile contender in the meme coin arena.

The project’s structure and potential for high returns, including a staggering +582% APY return for stakers, underline its ambitious roadmap.

Big Paws Up for #DOGEVERSE!

We've surpassed $12 million raised in our #Presale initiative! Thanks to all – your support is helping us unleash new possibilities in the cryptoverse.

Stay tuned for more news as we continue to grow! #AltSeason #BaseChain #SOL #ETH pic.twitter.com/Ka4qh04lOx

— DogeVerse (@The_DogeVerse) April 29, 2024

High APY staking is all the rage recently, and Dogeverse is set to steal all the limelight.

Beyond its playful facade, Dogeverse introduces real utility, offering seamless integration across different blockchain environments – this feature not only enhances accessibility but also adds a layer of convenience for investors.

Click here to take part in the Dogeverse presale

The post New Elon Musk-Inspired ELONWIF Token Trending and Experts Say This Other Coin is Next appeared first on Cryptonews.

Mega Dice launched last year as the world’s first licensed crypto casino accessible through the popular messaging app Telegram.

Since then, 50,000 players have signed up and helped the casino become a well-established name in GambleFi. Rival businesses have followed suit and launched competitor iGaming bots on Telegram, most notably TG Casino.

From classic staples like slots, roulette and blackjack, to a comprehensive sportsbook streaming the most popular games from a diverse selection of over 50 sports and esports, Mega Dice’s website currently offers gamers over 4,500 ways to win. 

The bookie currently collects total average monthly wagers of $50 million between around 10,000 monthly active users.

Games Night Thursdays at 5 PM UTC live on our TG channel!

We'll be starting off with a $1000 balance and whatever is won will be shared among the contributors on the call!

https://t.co/XKI0otbK3k pic.twitter.com/IkBfxXSitn

— Mega Dice Casino (@megadice) April 25, 2024

So, the numbers indicate that now is the perfect time for Mega Dice’s ICO. The casino’s new crypto token, $DICE, ramps up the online casino’s services to a whole new level. As the platform’s native token, players can use $DICE to fund games and receive payment, with some games requiring the token. Doing so will net them various advantages as the rollout proceeds. 

This clear potential led early investors to pump $300,000 into Mega Dice within twenty-four hours of the token going on presale.

Mega Dice: Unmatched GambleFi Rewards on Solana

$DICE’s supply is hard capped at 420 million tokens. Some 35% of those are allocated to the ongoing ICO, where the token has a current fixed price of $0.069 per coin. 

After the first $1 million raised (14.7 million tokens sold), the price will get incrementally higher as the presale proceeds through the next stages.

That makes today’s $DICE price the cheapest investors can purchase it for in the presale. Once it lists on exchanges, the sky’s the limit on potential upside

It also offers some moneymaking utility for non-gamblers too. Holders can stake $DICE to generate passive income. Some 10% of the total supply is set aside by the casino for staking rewards.

$DICE has raised over $500,000 in presale so far!

Thank you to each and every one of you for being part of our journey!

Next up, $1 million! pic.twitter.com/N94CDeHBOh

— Mega Dice Casino (@megadice) April 25, 2024

In addition to that, Mega Dice has outlined plans to integrate the token into the casino’s loyalty program, offering more generous rewards to gamers who play with the native token. It will also unlock access to exclusive competitions and VIP experiences.

The casino has also indicated that there will be a buyback and burn program. This means that Mega Dice will periodically buy some of the tokens and send them to wallets that can only receive tokens. Doing so reduces the circulating supply, increasing scarcity and potentially pumping value.

$DICE offers an irresistible roadmap. It’s the hottest new token in the fast-growing sector of GambleFi for several reasons; it’s backed by a well-established brand, it has transparent tokenomics, strong fundamentals, and utility beyond iGaming.

The Mega Dice Airdrop

Finally, there is a $2.25 million airdrop across three seasons of $750,000 each. To participate in the season 1, players have to wager $5000 or more between now and May 3. There is a maximum airdrop win of up to $37,500 per entrant. 

Other exciting offers on the horizon include early bird bonuses, limited edition NFTs, and a referral program promising gamers a 10% cut of the initial investment of any new player who signs up on their recommendation. 

Introducing #ReferAndEarn with $DICE!

You can now refer users to the Mega Dice presale and earn a generous 10% commission on all referral purchases.

Here's a simple guide on how to get started: pic.twitter.com/jbXSdljjvK

— Mega Dice Casino (@megadice) April 24, 2024

Given the myriad ways investors can put their DICE to work, it’s obvious why GambleFi investors are stacking the Solana-based Mega Dice. It’s a strong contender for some potentially heavy gains in the mid-term. 

Keep on top of Mega Dice token and casino news on X/Twitter and Telegram.

Join the presale now on the Mega Dice website.

The post Crypto Experts Are Eyeing This New GambleFi Platform — 200x Presale Opportunity? appeared first on Cryptonews.

As of Monday morning, UTC, Bonk changes hands at $0.00002427.  This is a near 50% decline from its previous all-time high of $0.00004547, posted on March 4 this year. 

In comparison, Bitcoin only dropped 2.3% overnight and trades at around $62,309, while Ethereum dipped about 4.3% to trade at $3,171 as of this writing, according to CoinGecko. 

Generally, meme coins have absorbed some of the heaviest losses today, relative to the market leaders. The sector’s top doge, Dogecoin (DOGE) fell 5.3% and is currently worth $0.1413. 

Pepe (PEPE) and Floki (FLOKI) both fell 8% overnight, while Bonk’s chain mate and leading Solana meme coin DogWifHat (WIF) weathered the pullback a bit better, shedding 3.5% in the last 24 hours.

Fears that at this week’s Federal Reserve meeting, the U.S. central bank may keep interest rates higher for longer has moved investors to take a risk-averse approach to speculative investments, like crypto.

Still, by one metric, Bonk is doing pretty well. At today’s price, it’s 17.5% more valuable than it was this time last week. This seven-day appreciation is higher than any of the top 100 cryptocurrencies by market capitalization today.

Over on BONK’s trading chart, we can see fairly typical price movements for any token over the last three months. A market-wide surge through the end of February to early March rallied Bonk to its aforementioned ATH, although since then it has been trading relatively stably.

The token has found strong support around its current price level, and with a Relative Strength Index (RSI) reading of 40 and climbing, Bonk is likely to remain stable in the short-term.

As Bonk Meme Novelty Fades, Investors Pile Into Slothana

Investors that have been watching the space for a while right now may be asking themselves how much mileage the Shiba Inu-referencing canine coin phenomenon can last.

Dogecoin launched in 2013, so it has the first-mover advantage. However, being on a proprietary blockchain that’s all-too-similar to Bitcoin, it consumes a lot of energy to mine. It also lacks high-functionality smart contracts.

Shiba Inu (SHIB) is doing a great job of filling in the blanks where Dogecoin falls short. Another recent token, Dogeverse, is making the loveable joke multi-chain.

So, the market is pretty saturated in meme coins right now. Investors looking for some more sweltering upside potential would be more likely to find them in newer meme coin projects.

As the sun rises on the final day of the Slothana presale, the savannah stirs with anticipation. Behold, the dawn of a new era is upon us! Today, we bear witness to the rise of Slothana, destined to rule over the memecoin masses with wisdom and slothful grace.

Gather… pic.twitter.com/zVp9FKyMPX

— Slothana (@SlothanaCoin) April 28, 2024

That’s where Solana’s latest meme coin sensation Slothana ($SLOTH) comes in. From the clock on the wall indicating 4:20 to his baked red-eyes and contented smirk, Slothana is clearly cut from a different cloth.

Slothana has raised over $15 million in his ICO as traders flocked to the coin hoping to catch some of the early price booms of other Solana meme legends that have pumped recently, like Slerfs, DogWifHat and Bonk.

The presale window closed today. However, the countdown timer on the official has now been replaced by a message saying that a launch date announcement is incoming.

Interested? Stay abreast of developments by following Slothana’s X account.

You can also Visit Slothana Here

The post Is Bonk Going to Zero? BONK Price Drops 8% As Latest Meme Coin Pre-Sale Drops Soon appeared first on Cryptonews.

Ethereum Blockchain got its own new Bitcoin flying under the radar, kind of.  Publications like  CryptoNews, BitcoinInsider, and CryptoPotato have all mentioned the token; but just as the initial coin offering for BTC in 2011,  the new store-of-value asset has a token presale that’s drawn uncertainty from investors. However, now at 65% sold out, perhaps it’s time for crypto traders to pay attention to Mollars token presale, before the last 35% is gone.

Mollars Has No Reason To Scam, Here’s Why It Will Launch Next Month

Anytime a new token comes along, doubt is a natural part of the consumer review.  However,there are key factors that separate Mollars from the rug pulls and scams.  It has no reason to not launch. 

First, Mollars white papers makes it clear what the founder of the token and developers get from launching this token. And they will not hide wallets like Bitcoin’s founder Satoshi or Shiba Inu founder Ryoshi.  

The tokenomics of the project show that professionals involved with the token will be paid from token presale funds. It’s not  a ‘back end’ project like 90% of cryptocurrencies today.

Why are the professionals involved earning in the beginning?  It’s simple — the public will truly own Mollars (MOLLARS) tokens in its entirety.   This is the ultimate decentralization and what even Bitcoin fails to offer.

Buying tokens will be an equal opportunity and there will be no wallets holding millions of tokens, leaching from the liquidity pool that develops later.   Security, speed, and low fees will be of the utmost value for everyone, including the founders & developers of Mollars.

They will earn from the project, but if they want to own a part of its future, the creators behind this project will have to spend and be ‘affected’ by  market trends just as any other person.

It may seem simple, but that level of decentralization is important.

What Is Satoshi Nakamoto’s Networth & How’s It Affect Bitcoin’s Future?

In comparison, Satoshi Nakamoto who claimed to be doing crypto ‘for the people,’ has been called out for having 1-million Bitcoins in a  stashed wallet. The massive supply is just under 5% of the 21-million Bitcoins that will ever be made.  Satoshi, whoever he is, can influence the market by selling all his tokens at any given moment.    

Satoshi’s supply makes him a very heavy force and with no one confirming who he is, the token  could be a creation of a world government from today. Why not?

The value of Nakamoto’s 1-million bitcoins today would be over $64,000,000,000 (billion) dollars.  The massive sum would make him one of the richest people in the world with a networth of just under 30% of Jeff Bezos and Elon Musk. 

The staggering amount would suggest, if not confirm, Satoshi Nakamoto created the digital asset to make himself rich — not ‘for the people.’    

Bitcoin has a market cap value of over $1.2-Trillion however, so it wouldn’t dent the market forever if Satoshi sold all of his bag probably.  And on a higher positive note, he still invented the digital currency niche, so still any decentralized currency like “Mollars” takes inspiration from his efforts.   

How Much $SHIB Does Rysoshi of Shiba Inu Token Have?

Ryoshi and Shytoshi Kusama, founder & lead developer of Shiba Inu (SHIB) token, is said to have a similar supply but the actual numbers are not yet clear.   

The SHIBArmy ‘exposed’ developers & the founder for having billions of dollars in several different wallets, many of which have been inactive since Shiba Inu’s ICO launch.  It’s said between the two 17% of the total supply has been privately held since the token’s presale launch in 2019.

With the current market cap of Shiba Inu being reported at $14.9-Billion this would give Ryoshi and Shytoshi Kusmaa  a networth of around $2.5-Billion-dollars.

This amount would not make them 2 of the richest people in the world but it’s still generational wealth. And that $2.5-Billion-Dollar net worth would still be gained  in a way that was not overtly ‘transparent’ to crypto traders who bought Shiba Inu (SHIB) tokens believing in the concept of decentralization.

On the positive side however, those that invested in Shiba Inu (SHIB) during its ICO stage just 5 years ago can’t complain. Many of them have since become a lot richer as well.  A recent report on Coinpedia estimates a $100 ICO investment would be worth over $2.5-million-dollars today.

Crypto on Reddit

However, it’s also key to remember when trading commodities that for every winner there has to be a loser.  For Satoshi and Ryoshi to win, cashing out these tokens at any point, someone has to lose; A point made clear by Mollars founder on reddit today.  

Mollars has built a substantial following on the reddit platform with nearly 2,600 followers.  Another testament to how strong the support for the Ethereum blockchain’s new Bitcoin has become.

There’s another 12,000 or so followers between Mollars other social media profiles; X (formerly twitter), Youtube, & Instagram.

How Many Mollars Should You Buy?

With only 4-million tokens available during the presale and 10-million available all-time, these social media factors are a strong indicator of an imminent sellout.   Whole $MOLLARS tokens will likely not be as inexpensive as today during its presale ($0.55).

About 15,000 followers on social media have purchased 2,586,382 Mollars tokens in the span of about 6 months. This is an average of 431,063 tokens being sold per month.  The average holding per person is just under 172 tokens.

With a remaining supply of 7.5-million tokens, Mollars total token supply could be gone in the early months of 2025 based on these analytics.  After that sellout point, the price of whole tokens will likely skyrocket from today’s offering of $0.55 (cents) and traders will instead get fractions of a whole token for the same price; very small fractions. 

Price projections for the Mollars token suggest it could increase by as much as 2400% or a 24x by the end of 2024.  Such growth is much dependent on the work of the preplanned marketing for the store-of-value asset’s post launch cycle.

Ethereum Blockchain Users Will Be Buying “Molls” Instead of Mollars For Same price

In the future as well, 1/100th of a whole Mollars token will be known as a ‘Moll.’  If the 24x price projection materializes, this means a Mollars token would reach the value of $12 [USD].  At that point, a ‘Moll’ or fractional would cost just around $0.12 [cents].  For the ICO price of today, a user will only get 8 Molls, fractional pieces, of a whole $MOLLARS token.    Such demand, is predictably a way that the price of Mollars would go into a ‘hyper parabolic’ uptrend.

In the case of Mollars going into a hyperbolic uptrend, which both Bitcoin (BTC) and Shiba Inu (SHIB) have both done, the 24x projections by crypto analysts would look miniscule.

Why Mollars Price Could See Parabolic Uptrend

With over $1.9-million-dollars raised in funding and a structured marketing plan to execute post-launch on crypto exchanges, this parabolic uptrend does not seem unfathomable. In fact, it seems more likely than unlikely.

Crypto brands that start off with such massive sums from their presale, tend to do extremely well once on public crypto exchanges.   Mollars, if this token presale moves the maximum supply available in this ICO,will flex a healthy $1-million-dollar liquidity pool alongside a high level marketing team.   With the increase in branding value and liquidity, the token should be stable enough to continue expanding to other crypto exchanges beyond its first and gain the attention of major CEXES as it progresses.

The $MOLLARS token price should correlate to that growth and could meet an explosive point in or around June 2024.  It’s at this point the Mollars cryptocurrency exchange is expected to launch, which could increase scarcity of the store-of-value asset.   The decentralized exchange will rely on $MOLLARS tokens to complete cross-blockchain exchanges in some capacity.

An ERC-20 Altcoin That’s Different

The ‘use’ case and scarcity is something neither Bitcoin (BTC) nor Shiba Inu (SHIB) will do.  And this will be the first cryptocurrency of its kind where the owners and developers step away from the token, leaving it ownerless, while allowing no tokens from the total supply to be kept free.

And beyond the crypto dex utility, Mollars is still a low volume store-of-value digital asset.   Only 10-million tokens will be minted total; 4-Million are being sold during presale.

Currently at $0.55 [cents], if the ICO sells another few hundred thousand coins it will go into its sixth and final round.  In the 6th round, the $MOLLARS token will cost $0.60 (cents) and mark the final opportunity to buy the ‘New Bitcoin for Ethereum blockchain’ before it launches on a public crypto exchange(s).

Being an ERC-20 token, Mollars will actually offer crypto investors massive savings of up to 80% on trade transactions; buy, sell, and convert.  Based on the Ethereum-blockchain, the $MOLLARS token will be a layer-2 altcoin that operates faster than Bitcoin and completes transactions for much lower fees.

The Mollars token presale will close at the end of April, in 3 days.  Over 2.5-million tokens have been pre-sold as crypto traders anticipate the launch of the new store-of-value altcoin.

The post Ethereum Blockchain’s New Bitcoin ‘Will’ Sellout — Mollars ICO Now Past 65% Sold appeared first on Cryptonews.

Have you ever touched an NFT – or seen one floating in the air right in front of your eyes? The time has come to advance digital collectibles – and bring them as close to the physical reality as they have ever been, enabling a plethora of new use cases. That’s exactly what Jade ARdinals do, all on the very first and most popular blockchain in the world, Bitcoin.

The Demand for Something New 

Bitcoin Ordinals have taken the crypto world by storm. As hundreds of digital artifacts pop up, it becomes increasingly difficult to navigate the inscriptions’ landscape. The demand grows for simple yet captivating projects ready to offer unique utility for owners of digital art items, collectors, and projects with their communities. 

One of those projects is ARdinals – a platform where anyone can create an AR-driven Ordinal collection, enabling immersive augmented reality experiences. ARdinals also allow for enhancing the existing Ordinals with AR, bringing a new dimension to Bitcoin inscriptions. 

This lets the crypto community practically touch digital art, serving as a direct link between the crypto world and reality. Creating an inscription in AR/VR allows breathing new life into collectibles and brings joy to collectors who can contemplate their digital artifacts in augmented reality. What’s more, ARdinals offer tangible utility – they open the possibility to create new levels of traits, increase the value of existing collection items, and activate entirely new DeFi mechanics.

The Ordinals’ Frenzy

Any new movement in crypto can reach incredible scales within mere months. But even by cryptocurrency industry standards, Ordinals have demonstrated unparalleled dynamics. 

Since January 2023, enthusiasts have created more than 66 million Ordinal inscriptions. Users paid $415 million in fees to mint them. Bitcoin today is the top blockchain in terms of NFT sales, surpassing Ethereum by the average monthly volume in April 2024.

Two opinions

The Ordinals mania increased the Bitcoin block occupancy to 80-90% and raised miners’ rewards. However, not all industry players were pleased with such network activity growth. 

Bitcoin Core developer Luke Dash Jr. referred to Ordinals as “garbage” and proposed banning inscriptions using spam filters. His opinion is quite popular – Bitcoin purists believe that inscriptions overload the network and thus increase fees.

Others see new opportunities in the technology. The rise in on-chain activity in the Bitcoin network increases miner rewards, which makes mining more profitable and potentially enhances network security. Also Ordinals reinvigorate the crypto’s oldest network, providing it with new use cases and attracting new developers. The influx of talent contributes to infrastructure development and the growth of L2 solutions on Bitcoin, promising cheaper and faster transactions.

Jade ARdinals: Ordinal Inscriptions Reinvented

Jade ARdinals take “Bitcoin NFTs” one step further, embodying them in an augmented reality form. Enthusiasts can craft a single ARdinal or an entire collection directly on the Bitcoin blockchain. One can also enhance their existing Ordinals collection by converting images into AR, thus creating their augmented reality twins. 

Jade ARdinals are fueled by a fungible utility token $JD98 based on Runes, offering a range of opportunities across the platform. Users pay it to inscribe their ARdinals, upgrade digital collectibles, and trade them on marketplaces including initial and secondary sales. Anyone can receive rewards by staking $JD98.

The platform features its own Jade ARdinals Collection traded on the Magic Eden marketplace. Owners of these unique ARdinals benefit from the platform’s growth as they earn a share of commissions and have access to various DeFi opportunities based on the Rarity Levels. 7,000 of 9,998 Jade ARdinals were minted in a fair launch for the community in just 22 minutes and have been bringing rewards to their owners ever since. 

The owners of Jade ARdinals can boost their rewards by staking their collectibles. Moreover, those who stake a dedicated Jade ARdinal in pair with JD98$ will earn even more and unlock a new array of benefits on the platform.

Fostering Bitcoin 

In February 2024, Binance Research issued a comprehensive review of the inscriptions landscape. The experts concluded: “We could witness a completely different Bitcoin ecosystem in the coming years. Some might argue these changes contradict BTC’s intended role as “hard” money. However, continuous innovation is crucial for creating new, engaging use cases that can promote broad-based adoption.” 

Ordinals have provided the long-awaited opportunity to develop the Bitcoin blockchain, enhancing it with new use cases and DeFi mechanics. Alongside other pioneers in the field, ARdinals aim to cultivate a new thriving economy on Bitcoin, expanding and strengthening Satoshi’s vision.

The post Taking Ordinals to a New Level: Why Bitcoin Inscriptions Need AR appeared first on Cryptonews.

Verasity, an ad-tech company and issuer of the $VRA token, has announced a new partnership with Creo Engine, a rapidly expanding web3 gaming platform, to integrate VeraViews’ video player functionality and in-game rewards into Creo Play’s extensive gaming library. In the words of Verasity CEO RJ Mark, this marks “the first of many web3 gaming partnerships that will advance adoption of the VeraViews video player in the blockchain space.”

Creo Engine is a web3 gaming ecosystem intended to become the foundation of Asia’s digital entertainment ecosystem and a source of financial empowerment. The platform’s blockchain technology ensures security and resilience, fostering financial well-being in the mobile gaming industry and presenting novel avenues for creators and users to acquire rewards.

Creo Engine’s Creo Play is a specialized platform developers use to facilitate the integration of digital products and games, thereby establishing a unified metaverse characterized by genuine interoperability. This specialized platform, being a dynamic center for web3 gaming, offers developers a streamlined platform and resilient infrastructure to deploy and integrate their games effortlessly.

Additionally, the collaboration between Verasity and Creo Engine includes a notable prospect of integrating Rewarded Video technology and an independent video segment in the Creo Play App that grants users access to tournaments, content, and replays. More than thirty web3-based games are currently developed on the Creo Engine.

Creo Play will have the opportunity to investigate supplementary sources of income by utilizing contextual advertisements provided by VeraView’s ad server, which is integrated with prominent ad networks, including Google Ads, Amazon Ads, and Pubmatic. 

Verasity, conversely, will have its VeraViews video player environment promoted to the general web3 gaming niche, thereby augmenting the overall gaming experience worldwide.

Furthermore, Verasity and Creo Engine announced to further investigate the possibility of releasing Watch & Earn (rewarded video) functionality for Creo Play games and collaborate on implementing a dedicated video environment for Creo Play game highlights. 

This partnership is an element of Verasity’s targeted strategy towards Web3 gaming, which builds upon recent accomplishments. Previously, the firm announced the launch of VeraAds in November 2023—a platform that directly applies VeraViews advertising functionalities to blockchain brands— as well as the burning of 50% of its maximum token supply in the preceding month.

The post Verasity and Creo Engine Partner to Enhance Creo Play with Video Capabilities and Innovative Rewards appeared first on Cryptonews.

WienerAI recalls another successful recent token launch, canine meme coin and AI security token Scotty the AI ($SCOTTY), which netted close to $10 million in a recent presale.

Combining two hot niches, both $WAI and $SCOTTY have inspired investors with the promise of a new generation of coins that offer more laughs than run-of-the-mill AI coins and more utility than bog standard meme coins.

Intriguingly, WienerAI’s artificial intelligence utility is a card his team is playing close to its chest, for now, although there are a few hints. The main narratives surrounding the project are eye-watering staking rewards, currently offering yields of 1876% per annum, its verified audit, and the fun, community-building storyline.

$300K! Wiener Woofs!

Our Sausage Squad Is Unstoppable! pic.twitter.com/Ng3ii6WZcy

— WienerAI (@WienerDogAI) April 24, 2024

WienerAI: The Only Sausage/Dog/AI Hybrid

To begin with, investors have probably never heard an origin story like this before. Like his predecessor, Scotty the AI, WienerAI arrives on the scene with a fully-formed backstory.

Wiener was born in a lab in New Silicon Valley, AD 2132. His progenitor is a mad puppy-loving scientist known as The Architect, whose life’s work was to create an advanced AI/canine hybrid.

Indeed, he succeeded, albeit with one caveat. The Architect was eating a sausage as he was performing the splicing procedure. The accidental result was WienerAI, a hybrid of the pup, AI, and sausage.

Now, the whitepaper mentions “companionship” and “friendship” as key parts of Wiener’s premise. It also mentions “The Sausage Army,” the endearing term for the legions of followers Wiener hopes to attract, so there are subtle hints at a strong social component.

He’s not the first crypto doge with an army, but he may be the best.

STAKE NOW and fill your wallet with beautiful Wieners!!!

Current staking apy is over 2000%!

Buy and stake here: https://t.co/FCpYSr1k8g

pic.twitter.com/FSIVZ3tXUr

— WienerAI (@WienerDogAI) April 21, 2024

WienerAI Wants To Take Over Crypto’s Doge Scene

The world’s first and favorite meme coin, Dogecoin ($DOGE), also has an army: the self-styled “Doge Army”, but Wiener is aiming for a wider community and he has a decent battle cry to help him rally his sausage forces.

See, Dogecoin is one tired pupper. Launched in 2013, Dogecoin is housed on its own blockchain, which is a spin on Bitcoin. Dogecoin employs a Proof-of-Work (PoW) consensus mechanism, which means that it’s the miners with access to the most power and/or computation that bag the most DOGE.

In a world of rising atmospheric temperatures and international climate targets, PoW is a growing concern among more conscientious investors.

WienerAI’s native chain, Ethereum, employs a Proof-of-Stake (PoS) consensus mechanism, where the miners that stake the most ETH get the most rewards. This is well over 99% more energy efficient than Bitcoin and Dogecoin.

Secondly, in an industry that was rocked by near-constant scandals and liquidity crises in the last two years, WienerAI offers the security of proper auditing. The WienerAI smart contract was audited by Coinsult, a blockchain security platform that conducts security checks on various crypto and blockchain platforms. This gives investors added confidence in WienerAI.

Lastly, there’s the daily staking rewards. Some 20% of $WAI’s supply is earmarked for staking. Buyers can stake during the presale, and are in fact encouraged to do so on the website, in order to take advantage of the lucrative 1876% APY on offer at present.

Mysterious he may be, but it’s no mystery why investors are piling into WienerAI’s new presale.

Keep on top of WienerAI’s latest developments on X/Twitter and Telegram.

Join the presale now over on the website.

The post New AI Meme Coin ICO WienerAI Laps Up $350,000 appeared first on Cryptonews.

Bitcoin (BTC) was last trading with losses of around 1%, just below $64,000. Ether (ETH), meanwhile, is stuck in the mid-$3,100s.

Another US data release pointed to sticky inflation pressures in the country, emphasizing the Fed won’t be cutting rates soon.

Here is Powells favourite inflation gauge.

PCE Core Service Less Housing MoM up almost 0.6%

TOO much.. End of discussion pic.twitter.com/yEBlWeV1MA

— Andreas Steno Larsen (@AndreasSteno) February 24, 2023

Unsurprisingly, the US dollar and US government bond yields continue to trade close to multi-month highs versus most of its major counterparts.

The macro backdrop, thus, is still a headwind for crypto assets.

As ETF inflows turn to outflows, and post-Bitcoin halving optimism fades, BTC is at risk of falling below $60,000.

In such an environment, investors need to be highly selective when selecting which altcoin to buy.

Here are some strong performers on Friday that could be the best crypto to buy now.

Best Crypto to Buy Now

Litecoin (LTC)

Despite the market’s broader weakness, Litecoin (LTC) is attempting to break higher.

LTC was last trading in the $88s, above its 21DMA. If it can hold above its 21DMA, it would be one of the only major cryptos trading above this key short-term moving average.

At current levels, LTC is up more than 25% versus earlier monthly lows.

As per CoinMarketCap, its 5% gain in the past 24 hours makes it a top crypto gainer today.

Litecoin bulls will be hoping this latest push higher marks the start of a new challenge of the highs of its multi-year range.

Litecoin has been locked within a $60-$115 range since the start of 2023.

If it can break above this range, the door opens to a return to 2021 highs around $300.

LTC could still post 3.5x gains in this bull market, making it potentially the best crypto to buy today.

Neo (NEO)

Neo (NEO), the cryptocurrency of the up-and-coming smart contract blockchain NEO, is performing well on Friday.

According to CoinMarketCap, the price of NEO has increased by 5% in the past 24 hours to $20 per token.

The rally has lifted its market cap to around $1.3 billion, leaving NEO still over 7x below its 2021 peaks, and 10x under its early 2018 peaks.

Price history suggests that NEO usually posts exponential gains from its current subdued levels.

NEO could still be 5x in this bull market, making it a candidate for the best crypto to buy now.

Ethereum Classic (ETC)

Ethereum Classic (ETC), the unforked version of the original Ethereum blockchain, is attempting to push higher on Friday.

It was last up 4% in 24 hours, as per CoinMarketCap, and trading near $28.

ETC broke below its 2024 uptrend earlier in the month. But after reaching briefly as lows as $23, ETC is mounting a comeback.

If it can break to the north of the $28-29 resistance area, where its 21DMA also resides, that could signal that the bulls have regained control.

Ethereum Classic is a highly speculative play. It doesn’t even have a fraction of the adoption of its sister chain Ethereum – as per DeFi, Ethereum has a TVL of $133 billion. Ethereum Classic has barely $500,000.

But ETC did pump as high as $175 in 2021 – up 6.5x versus current levels.

As hype and FOMO in the market build and investors become more irrational, ETC could reclaim these peaks, making it a good candidate for the best crypto to buy now.

Crypto Alternatives to Consider

The above coins offer the potential for investors to make 5-10x gains.

However, investors hunting ever-stronger near-term gains should consider an alternative high-risk, high-reward investment strategy – getting involved in crypto presales.

The team at Cryptonews.com spends a lot of time searching through presale projects to help out investors.

Here is a list of what the team deems to be the best crypto presales of April.

See the 21 Crypto Presales

The post Best Crypto to Buy Now April 26 – Litecoin, Neo, Ethereum Classic appeared first on Cryptonews.

As the Cardano (ADA) price struggles to gain traction, investors are turning to a new virtual reality ICO called 5thScape (5SCAPE) to chase potential 2,300% profits.

The cryptocurrency is down more than 40% from its March highs, with most other altcoins also suffering as macro headwinds have picked up.

The latest US Core PCE inflation data emphasized that core price pressures in the US are still uncomfortably high, supporting the notion that the Fed will wait until later in 2024 before cutting interest rates.

Here is Powells favourite inflation gauge.

PCE Core Service Less Housing MoM up almost 0.6%

TOO much.. End of discussion pic.twitter.com/yEBlWeV1MA

— Andreas Steno Larsen (@AndreasSteno) February 24, 2023

Unsurprisingly, US bond yields and the US dollar are close to multi-month highs.

In addition, fading inflows into spot Bitcoin ETFs have recently been a major altcoin headwind, with cryptocurrencies like Cardano having been at the forefront of the battering.

While ADA is over 15% up from earlier monthly lows, risks are still tilted to the downside.

There is a good chance that ADA will mount a more sustained recovery in the months and quarters ahead.

Most assume that we are still in the middle of a crypto bull market.

Cardano’s Lack of Adoption – Bearish?

Continued disappointing growth in Cardano’s web3 ecosystem, which suggests a lack of adoption, is concerning.

As per DeFi Llama, Cardano’s total value locked (TVL) was last $368 million. TVL refers to the value of crypto locked in smart contracts on a blockchain.

Cardano’s TVL currently ranks 26th, suggesting the ADA price could be substantially overvalued.

After all, Cardano is the 10th largest crypto, with a market cap of $21.5 billion, according to CoinMarketCap.

To put Cardano’s potential overvaluation into some context, its TVL is less than PulseChain, Ultron, MultiverseX, and Thorchain.

But its market cap valuation is at least 10x these rivals.

That’s not to say that ADA will see a 90% price drop. It may struggle to keep pace with other major cryptos that enjoy much more adoption, like Bitcoin and Ethereum, however.

Same repetitive but useless slogan of Cardanzos: DYOR

I did.

50K active users daily max
4.4M wallets
350M TVL
88M transactions
200M liquidity in USDM
… this is RIDICULOUS

Tell me something I don't know and that changes my mind. Cardano is a ghost chain.

— Hossa 182 (@182Hossa) April 18, 2024

Understandably, Cardano investors are turning to a new virtual reality ICO called 5thScape (5SCAPE), chasing projects with higher potential upside.

Virtual Reality Crypto 5thScape – 2024’s Best Presale?

5thScape has been attracting a lot of attention recently, with investors betting it will become a market leader.

Unlock new dimensions with 5th Scape! Dive into adrenaline-pumping battles, precision archery, and high-speed racing—all within the limitless virtual realm. Holding 5SCAPE tokens unlocks exclusive benefits like free games, discounts, and seamless in-world transactions.
The… pic.twitter.com/LNO30KXRPW

— 5th Scape (@5th_scape) April 20, 2024

5thScape is a first-of-its-kind crypto-powered VR/AR project, and its presale has already raised over $5.6 million.

The token is priced at $0.00327, a steep discount from its planned launch price of $0.1. Investors who get involved now can lock in potential gains of 200%.

Given its total token supply of 5.1 billion, investors who get in now are essentially buying into the project at a market cap of $16 million.

Considering 5thScape could become a major market leader in its VR/AR niche,  its native token, 5SCAPE, could be 2024’s best crypto presale.

Exciting News!
Get an exclusive sneak peek into the heart-pounding world of MMA Cage Conquest! Our virtual reality experience takes you from gritty training sessions to the roaring crowds of iconic MMA arenas. It’s more than just a fight; it’s your journey to become… pic.twitter.com/BLq09Nbk5D

— 5th Scape (@5th_scape) April 23, 2024

As the platform gains traction and organic demand for 5SCAPE comes in, there is a chance that it could one day become a $500 million market cap token.

$5SCAPE token can be bought today with ETH, MATIC, USDT, BNB, or card.

Eighty percent of the total token supply is available for purchase in the presale.

Buy 5SCAPE Here

See below why 5thScape is popular crypto presale analyst Michael Wrubel’s top AR & VR crypto for 2024.

The post Cardano Investors Swing to This Exciting Virtual Reality ICO, Chasing Potential 2,300% Profits appeared first on Cryptonews.

Mega Dice is already a well-established name in GambleFi. It launched last year as the world’s first licensed crypto casino accessible through the popular messaging app Telegram and has since attracted 50,000 players.

Others have since followed suit and launched iGaming bots on Telegram, most notably TG Casino.

Mega Dice’s website currently offers gamers over 4,500 ways to win money, including classic staples like slots, roulette and blackjack, in addition to a comprehensive bookmaker that streams the most popular games from a selection of over 50 sports and esports. 

The bookmaker currently collects average monthly wagers totalling $50 million between some 10,000 monthly active users.

The ICO for Mega Dice’s new crypto token $DICE turbocharges the online casino’s services to a whole new level. As the platform’s native token, players can use $DICE to fund games and receive payment, with some games requiring the token.

Let’s see why investors pumped $300,000 into the ICO within twenty-four hours of launch.

Games Night Thursdays at 5 PM UTC live on our TG channel!

We'll be starting off with a $1000 balance and whatever is won will be shared among the contributors on the call!

https://t.co/XKI0otbK3k pic.twitter.com/IkBfxXSitn

— Mega Dice Casino (@megadice) April 25, 2024

Mega Dice’s $DICE: GambleFi Utility In Spades

$DICE has a hard supply cap of 420 million tokens, with 35% allocated to the presale, where the token sells at a current fixed price of $0.069 per coin. 

After the first $1 million raised (14.7 million DICE sold), the presale will proceed to the next stages, where the price will get incrementally higher.

So, this is the cheapest price investors can purchase it for in the presale before the price rises. And once the token lists on exchanges, the sky’s the limit on potential appreciation.

Holders don’t necessarily need to risk their $DICE at the casino to get rewards. It can be staked to earn passive income, with 10% of the total supply earmarked by the casino for staking rewards.

$DICE is also going to get even more utility in the future.  Mega Dice has outlined plans to integrate the token into the casino’s loyalty program, offering more generous rewards to gamers who play with the native token. It will also unlock access to exclusive competitions and VIP experiences.

Then there’s also the casino’s buyback and burn program, which will reduce the supply, increasing scarcity and potentially pumping value.

In sum, $DICE offers a compelling pitch. It’s a brand new GambleFi token in a fast-growing sector, backed by a well-established brand, transparent tokenomics, strong fundamentals, and utility beyond gaming.

The $DICE Airdrop

Finally, there will be a $2.25 million airdrop across three seasons of $750,000 each. To participate in the first season, players have to wager $5000 or more between now and May 3, with a maximum airdrop win of up to $37,500 per entrant. 

Other exciting offers on the horizon include early bird bonuses, limited edition NFTs, and a referral program that promises referrers a 10% cut of the initial investment of any gamer who signs up on their recommendation, according to a recent announcement by the Mega Dice team. 

Introducing #ReferAndEarn with $DICE!

You can now refer users to the Mega Dice presale and earn a generous 10% commission on all referral purchases.

Here's a simple guide on how to get started: pic.twitter.com/jbXSdljjvK

— Mega Dice Casino (@megadice) April 24, 2024

Given the multiple ways investors can put their DICE to work, it’s obvious why GambleFi investors are stacking Mega Dice.

Stay abreast of Mega Dice token and casino news on X/Twitter and Telegram.

Don’t miss out.

Join the presale now on the Mega Dice website.

The post Solana’s Hottest New GambleFi ICO Mega Dice Has Already Attracted $500,000 In First Week appeared first on Cryptonews.

Recently, the same developer also successfully introduced multi-chain versions for both the ELON and TESSLA tokens.

$ELON $TESSLA $SPACEX ready to colonize MARS#multichain #CosmosEcosystem #LUNC #INJ #STARS #OSMOSIS #BNB #Polygon #Solana #MemeToken pic.twitter.com/a4mNjkmasN

— Elon Meme (@Elon_meme_token) April 26, 2024

This article explores how SPACEX’s price hammered moon-shot gains and uncovers the next big meme coin set to skyrocket in the macro summer.

SPACEX Price Analysis: Is New Space X Themed, Elon Musk Linked Token Going to Mars?

As price action undertakes a localized pull-back from topside resistance, SPACEX is currently trading at a market price of $138 (representing a 24-hour change of +78,940%).

SPACEX’s strong performance comes as this historic DEX-launched meme coin explodes out of capitulation.

There has been a flurry of interest in Elon Musk-themed meme coins after Tesla’s impressive earnings call.

Upside movements have seen the SPACEX token establish newfound support at heights above $116, with major support levels found at $125 and $130.

A new all-time high has also been established at $147.5 – now forming a topside price target.

However, red-flags also surround the project – for one; DEXTools data reports that SPACEX token has a current market cap of $1.39Bn – following a modest influx of just $124k in trading volume over the past 24-hours.

Furthermore, a closer examination of the smart contract audits reveals a blacklisting function hidden in the project – exposing holders to a significant risk of illiquidity and scam loss.

For this reason, smart traders are sticking to trustworthy projects such as the rapidly growing DOGEVERSE presale – which has won the hearts and minds of the market with its first-of-its-kind multi-chain DOGE offering.

Could Viral DOGEVERSE Presale Offer Superior Solana Meme Coin Play?

But while Solana offers a market high-risk opportunity, the biggest gains can be accrued through presale opportunities, which position investors as early birds able to capture the lion’s share of project growth—just imagine investing in SPACEX before it hit the market.

One such opportunity in the Solana ecosystem is the DOGEVERSE presale – which has unlocked viral success over the last two weeks to hit $11M raised in the ongoing presale.

$11 Million breached! #DOGEVERSE just hit another key milestone!

Thank you to everyone who's joined us on this incredible journey. Next price increase is happening very soon.

Explore our #MultiChain features! #BabyDoge #Cryptocurrency #ETH $DOG pic.twitter.com/uxykkykDAp

— DogeVerse (@The_DogeVerse) April 26, 2024

Aiming to be the first multi-chain incarnation of DOGE, DOGEVERSE is positioned to grow rapidly as one of the biggest meme coins in the market – so don’t miss out.

Buy DOGEVERSE Here

The post New Elon Musk-Inspired SPACEX Token Starts Trending and Now Experts Say This Other Coin is Next appeared first on Cryptonews.

The Shiba Inu price was last just above $0.000026, up close to 3% on Thursday.

The second-largest meme coin by market cap is up around 40% from April lows.

Two weeks ago, it dipped as low as $0.000018s amid a sudden altcoin market sell-off.

While SHIB has seen a strong recovery, it is trading flat on the week. That means it’s lagging behind other meme coins that have been pushing higher this week, like Bonk (BONK) and Pepe (PEPE).

That said, SHIB technicals are looking good following its latest intra-day bounce from $0.00002440 lows.

SHIB is holding above a downtrend and could potentially now push quickly back above $0.000030.

However, crypto investors hunting big gains are unlikely to find Shiba Inu attractive.

That’s because the token already has a bloated market cap of $15.4 billion.

That reduces the potential gains it could deliver this bull market to probably no more than 3-4x or much less.

Unsurprisingly, SHIB investors are turning their attention to eTukTuk, which some think could deliver gains of up to 1,000%.

eTukTuk is a new eco-friendly ICO with a mission to make a lasting impact.

This web3 startup focuses on accelerating the adoption of electric TukTuks in developing countries.

Their eco-friendly DePIN (decentralized physical infrastructure network) model utilizes the $TUK token to create a sustainable transportation ecosystem.

The project has garnered significant interest, raising over $3 million through its ongoing Initial Coin Offering (ICO).

We've hit a major milestone, raising $2M in our pre-sale!

Thanks to our incredible community for your support.

Rest assured, these funds will fuel our mission for a sustainable future https://t.co/4kiTWB8U8Z

— eTukTuk (@eTukTukio) March 20, 2024

The presale offers a tiered pricing structure, with each stage seeing a 3% price increase. As the presale nears its $3.2 million target, potential investors are encouraged to act swiftly.

Widely followed presale YouTube analyst Jacob Crypto Bury is on record, thinking TUK could deliver 10x gains. Here’s why.

Beyond Replacing TukTuks – A Multi-Faceted Approach

While the new eco-friendly ICO eTukTuk will provide its own line of electric TukTuks, its vision goes beyond simply swapping power sources.

They plan to redefine urban mobility through a combination of cutting-edge technologies:

• AI-Driven Efficiency: $TUK tokens will fuel AI advancements that optimize routes, reduce traffic congestion, and minimize energy consumption.
• Eco-Friendly: Funds raised through the token presale will directly contribute to green transportation research, furthering their environmental goals.
• Smart Infrastructure: $TUK tokens will power intelligent transport systems powered by AI and blockchain technology.
• Predictive Maintenance: AI integration within eTukTuks will ensure timely maintenance, extending vehicle lifespan and ensuring reliability.

TUK – A Passive Income and Play-to-Earn Gem?

$TUK is the native currency within the eTukTuk ecosystem. It will facilitate ride payments, charging stations, drivers, and territory partners.

1/ Introducing the versatility of the $TUK Token:

Discover the myriad utilities and benefits that the $TUK token brings to the eTukTuk ecosystem. pic.twitter.com/MHwoibCfM8

— eTukTuk (@eTukTukio) April 15, 2024

eTukTuk will offer more than just a utility token. $TUK is a passive income opportunity with a unique play-to-earn feature.

Early investors can stake their tokens for yields exceeding 90% APY.

For example, a $10,000 investment could translate to over 380,000 tokens, potentially generating close to $1,000 per month in passive income.

The project will further expand its reach through “Crazy TukTuk Taxi,” a mobile game where players can virtually navigate Sri Lankan cities in TukTuks, picking up passengers and earning $TUK rewards.

EXCITING ANNOUNCEMENT

We are thrilled to announce that our awaited game, Crazy Tuk Tuk taxi is now also available on the App store

Complete quests, earn rewards and compete in thrilling races

Download now:https://t.co/E2rb7J8r2e pic.twitter.com/XXgV8Wgz0Y

— eTukTuk (@eTukTukio) April 21, 2024

The gamification element adds another layer of utility to the $TUK token.

A Promising Future for Green Transportation

With a strong tokenomic structure and the potential for near-term income through staking, the eTukTuk presale provides an opportunity to invest in a project at its inception.

With its focus on sustainability and innovation, eTukTuk has the potential to be one of the most impactful crypto presales of 2024.

The presale certainly has the potential to deliver a 1000% windfall.

The post Shiba Inu Investors Turn Their Attention to This New Eco-Friendly ICO, Aiming for a 1000% Windfall appeared first on Cryptonews.

The leading Solana meme coin was trading around $0.000028, having dipped as low as $0.0000124 on April 13.

The surge in the Bonk price comes after it broke to the north of a downtrend on Sunday, igniting a wave of technical buying, with BONK now challenging late March highs around $0.000029.

Having more than doubled from its earlier monthly lows, meme coin investors are asking whether the dip-buying opportunity is over.

Bonk Price Prediction – Is the Dip-Buying Opportunity Over?

At the current Bonk price of $0.000028, BONK is still down more than 40% from its 2024 peaks.

On March 4, Bonk hit an all-time high of $0.000047.

So, yes, investors jumping into Bonk right now have, of course, missed the recent price bottom.

But Bonk has shown it can trade at substantially higher levels than its current price.

Meaning, arguably, that the dip-buying opportunity isn’t over yet.

Of course, meme coins are highly risky, and investors shouldn’t risk more than they can afford to lose.

Given its lack of obvious utility, Bonk could easily lose 90% or more of its value from current levels in the blink of an eye.

That being said, Bonk is a very well-established meme coin at this point.

It’s been around since 2022 when Solana devs launched it via airdrop to reignite post-FTX collapse on-chain activity.

Since then, Bonk has amassed a large community, the lifeblood of any meme coin.

Bonk has nearly 280,000 followers on X, 13,600 on Telegram, and 22,000 on Discord.

That suggests a strong likelihood that Bonk remains a leader in the meme coin space.

Bonk could be a great bet for those betting that major meme coins will continue rising in value during this bull market.

Its market cap of $1.8 billion is modest compared to the likes of Dogecoin and Shiba Inu.

Bonk could easily post 10x gains later in this bull market, as waves of FOMO come and go.

Solana Meme Coin Alternative – Slothana (SLOTH)

BONK could deliver solid gains in the coming months and years. Many meme coin investors will be hunting for much bigger than 10x upside potential, however.

These investors can consider an exciting new Solana meme coin presale called Slothana.

Slothana (SLOTH) seeks to replace the Solana-based meme coin Slerf (SLERF), which reached a market cap peak of nearly $500 million last month.

Buying Slothana in presale is simple. Potential investors need to send their Solana to EnSawje2vQSQKtGbPYdXEuYKm2sHgeLKJTqCmrDErKEA from a decentralized wallet.

Attention, fellow sloths! Poll time. Should we launch on DEX only, embracing the true spirit of decentralization and lazy trading? Or should we go full throttle, hitting up both CEX and DEX like the overachieving sloths we could be? Cast your vote below #slothana #memecoin

— Slothana (@SlothanaCoin) March 29, 2024

They will then be automatically airdropped their SLOTH tokens once the meme coin launches.

Investors should move quickly as the Slothana presale ends in just over 3 days.

Are you feeling lucky, sloths? With just 3 days left in the presale, it's time to saddle up and make your move. Are you gonna sit there, or are you gonna join the ride to the moon with Slothana? The choice is yours. Make it count. #Slothana #memecoins pic.twitter.com/lnyqisy2EB

— Slothana (@SlothanaCoin) April 25, 2024

Slothana has already raised more than $15 million, according to the presale website, demonstrating strong demand.

Thus, investors can lock in their SLOTH tokens at a market cap of below $20 million.

If Slothana achieves its goal of surpassing Slerf, more than 25x gains are possible.

Visit Slothana Here

The post Bonk Price Prediction as BONK Gains 130% From Recent Lows – Dip-Buying Opportunity Over? appeared first on Cryptonews.

Mega Dice is already a well-established name in GambleFi. It launched last year as the world’s first licensed crypto casino accessible through the popular messaging app Telegram and has since attracted 50,000 players.

Others have since followed suit and launched iGaming bots on Telegram, most notably TG Casino.

Mega Dice’s website currently offers gamers over 4,500 ways to win money, including classic staples like slots, roulette and blackjack, in addition to a comprehensive bookmaker that streams the most popular games from a selection of over 50 sports and esports.

The bookmaker currently collects average monthly wagers totalling $50 million between some 10,000 monthly active users.

The ICO for Mega Dice’s new crypto token $DICE turbocharges the online casino’s services to a whole new level. As the platform’s native token, players can use $DICE to fund games and receive payment, with some games requiring the token.

Let’s see why investors pumped $300,000 into the ICO within twenty-four hours of launch.

$DICE: GambleFi Utility In Spades

$DICE has a hard supply cap of 420 million tokens, with 35% allocated to the presale, where the token sells at a current fixed price of $0.069 per coin.

After the first $1 million raised (14.7 million DICE sold), the presale will proceed to the next stages, where the price will get incrementally higher.

So, this is the cheapest price investors can purchase it for in the presale before the price rises. And once the token lists on exchanges, the sky’s the limit on potential appreciation.

Holders don’t necessarily need to risk their $DICE at the casino to get rewards. It can be staked to earn passive income, with 10% of the total supply earmarked by the casino for staking rewards.

$DICE is also going to get even more utility in the future. Mega Dice has outlined plans to integrate the token into the casino’s loyalty program, offering more generous rewards to gamers who play with the native token. It will also unlock access to exclusive competitions and VIP experiences.

Then there’s also the casino’s buyback and burn program, which will reduce the supply, increasing scarcity and potentially pumping value.

In sum, $DICE offers a compelling pitch. It’s a brand new GambleFi token in a fast growing sector, backed by a well-established brand, transparent tokenomics, strong fundamentals and utility beyond gaming.

The $DICE Airdrop

Finally, there will be a $2.25 million airdrop across three seasons of $750,000 each. To participate in the first season, players have to wager $5000 or more between now and May 3, with a maximum airdrop win of up to $37 500 per entrant.

Other exciting offers on the horizon include early bird bonuses, limited edition NFTs, and a referral program that promises referrers a 10% cut of the initial investment of any gamer who signs up on their recommendation, according to a recent announcement by the Mega Dice team.

Introducing #ReferAndEarn with $DICE!

You can now refer users to the Mega Dice presale and earn a generous 10% commission on all referral purchases.

Here's a simple guide on how to get started: pic.twitter.com/jbXSdljjvK

— Mega Dice Casino (@megadice) April 24, 2024

Given the multiple ways investors can put their DICE to work, it’s obvious why GambleFi investors are stacking Mega Dice.

Stay abreast of Mega Dice token and casino news on X/Twitter and Telegram.

Don’t miss out.

Join the presale now on the Mega Dice website.

The post Solana’s Hottest New GambleFi ICO Mega Dice Has Already Attracted $500,000 In First Week appeared first on Cryptonews.

The token has raised an eye-popping $15 million dollars in a month-long presale that’s due to end on April 29, according to a timer on the website.

At the beginning of last week, Slothana had raised over $10 million. By the start of this week, a further $5 million dollars flooded into the project.

The recent gains appear to have been spurred on by Saturday, April 20, a milestone day for the project because it was both Bitcoin’s fourth quadrennial halving and international stoner day.

At the ICO’s conclusion next Monday, there will be an airdrop date announcement that could catalyze some potentially explosive buying in the coming weeks. Beyond that, the team will be eyeing up exchange listings.

So, just how does Slothana differ from its Pepe and Doge-themed predecessors? Well, for a start, this is the first time stoner culture has been properly represented in crypto.

To date, various crypto communities have flirted with 4/20. The self-styled “Doge Army” that rallies around Dogecoin has appropriated with stoner culture before. It selected April 20 to mark International Doge Day because of its irreverent connotations and instantly memorable appeal.

Slothana doesn’t beat about the herb – sorry, bush. Coming hot on the heels of the popular Slerf token, Slothana is a sloth chained to a desk. With his hazed red eyes, he’s clockwatching because he knows at 4:20, he’ll get the break he needs.

It may even be quite a big break, with multiple price-driving industry developments inbound this year.

And on the eleventh day before the grand unveiling, Slothana spoke unto its disciples, saying: 'Behold, the countdown draws ever nearer to its end.' Let us remain steadfast in our slothful anticipation, for soon shall come the epoch of Slothana's glory. … pic.twitter.com/i88c7aDdv6

— Slothana (@SlothanaCoin) April 18, 2024

The Bitcoin Halving And ETF Catalyst

Last Saturday, a Bitcoin software update called “the halving” slashed mining rewards from 6.25 BTC per block to 3.125. This means miners now need to mine twice as hard as they did before Saturday to get the same rewards.

Since miners control the issuance of new BTC, this has now halved the rate at which new Bitcoin is sold onto the open market. Logically, the depleted supply during Bitcoin’s most popular year yet will serve as a catalyst for mid-term appreciation.

That’s why all three of the previous halvings have resulted in significant rallies well within a year of the update.

And where Bitcoin goes, the rest of the market follows. Virtually every leading cryptocurrency tracked the price movements of Bitcoin, with late February/early March accounting for some of the steepest gains so far this year across many projects.

In addition to that, Bitcoin is becoming a popular investment product in the US, a strong sign that the same auspicious fate may befall Ethereum and its closest contender, Solana, Slothana’s native blockchain.

Back in January, the US Securities and Exchange Commission approved the launch of 11 Bitcoin ETFs, essentially investment products that enable investors to buy and hold Bitcoin through a regulated vehicle with all the safeguards that entails.

The news helped Bitcoin reach a new all-time high of $73,737.94 about a month ago.

The SEC has until May 23 to return a verdict on the latest round of applications for Ethereum ETFs.

Should the agency greenlight the products – and there’s very little reason not to, now that Bitcoin ETFs are trading – that could foment some explosive rallies across not only Ethereum, but also competitor Layer 1 blockchains deploying high-functionality smart contracts, like Solana.

Prepare for a moonshot as we ready the engines of the Slothship! With the launch just around the corner, our slothful crew is gearing up for an epic journey through the crypto cosmos. Buckle up and hold onto your branches, because there's just 6 days to go … pic.twitter.com/yHBrE3NP5x

— Slothana (@SlothanaCoin) April 22, 2024

Slothana and the Solana Network Effect

In addition to that, there is a growing gold rush around Slothana’s native network, Solana, as its ecosystem continues to expand.

In recent months, Solana meme coins like Slerf, DogWifHat and Bonk have on good days far outpaced the gains posted by their Ethereum-based rivals Floki, Pepe and Shiba Inu. These successes have spurred investors to look into Slothana’s own $15 million presale as a prime contender for the network’s next viral meme coin.

This month, Solana developers deployed a mainnet beta update aimed at addressing the network’s congestion problems. This means Solana is the healthiest it has ever been, and its entire ecosystem is primed for a heady ascent this year.

There are less than four days left to join the $SLOTH presale. To do so, investors need a funded SOL wallet to use the contribution widget on the Slothana website.

At its current price, 1 SOL token buys 10,000 $SLOTH. A steal for any investor that sees the upside potential in blockchain’s highest sloth.

Visit and support Slothana here

The post Three Days Left To Buy Into Solana’s New $15 Million Stoner Meme Project Slothana appeared first on Cryptonews.

Blue-chip cryptocurrency markets are trading down on the week. Spot Bitcoin ETF demand has continued to decelerate, with BlackRock’s IBIT experiencing zero inflows for the first time on Wednesday.

❖ BITCOIN ETFS SEE $120 MILLION OUTFLOWS, BLACKROCK'S IBIT ENDS 71-DAY INFLOW STREAK

Per data from Farside Investors, most Bitcoin ETFs saw zero daily inflows, with just the Fidelity Wise Origin Bitcoin Fund (FBTC) and the ARK 21Shares Bitcoin ETF (ARKB) seeing inflows of $5.6…

— *Walter Bloomberg (@DeItaone) April 25, 2024

And the latest US GDP report has just pushed US yields back to multi-month highs. That’s because the inflation component of the report was hotter than expected, weighing on Fed rate cut bets.

As per the CME, the odds of no interest rate cuts before September jumped 10% to over 40%.

While major cryptos like Bitcoin and Ether are trading flat over 24 hours, according to CoinMarketCap, this is potentially bearish.

Should Friday’s US Core PCE inflation report get hotter than expected, major cryptos could soon retest recent lows.

Additionally, fading ETF demand and continued post-halving selling from miners could see Bitcoin drop to $50,000.

That suggests that, for short-term investors, it probably isn’t the best crypto to buy now.

Investors hunting for fast returns will instead need to turn to the altcoin market.

Smaller and lesser-known altcoins can pump regardless of broader market conditions if they have a strong bullish narrative.

Here are some strong performers on Thursday that could be the best crypto to buy today.

Best Crypto to Buy Today

Wormhole (W)

Multi-chain protocol Wormhole (W), which facilitates the movement of assets and data between blockchains, is pumping on Thursday.

As per CoinMarketCap, Wormhole went up over 20% in 24 hours, reaching $0.66. Its market cap, meanwhile, was last around $1.2 billion.

First launched at the start of the month, W is still down sharply from its post-ICO highs.

W is now live, completing step one of the token's launch roadmap

Through a strategic rollout, W will become a natively multichain token, leveraging the strengths of both Solana and EVMs, while introducing the industry's first multichain governance system.

Learn more below pic.twitter.com/S12T7ig9WR

— Wormhole (@wormhole) April 5, 2024

W reached nearly $2 on Binance previously. The token has since seemingly found a floor around $0.50.

And its latest rebound may see it break out of its two-week range. This could open the door to a fast run higher towards $2 once again.

The prospect of 4x gains suggests W could be the best crypto to buy now.

Bonk (BONK)

Since snapping its recent downtrend, leading Solana meme coin Bonk (BONK) continues to march higher.

BONK was last up 15% in the past 24 hours and trading close to $0.000029, as per CoinMarketCap.

Bonk is now challenging its late-March highs and the $0.000030 level. A sustained move above here would open the door to a return to $0.000048.

The prospect of quick 65% gains makes Bonk potentially the best crypto to buy now.

Pepe (PEPE)

Another leading meme coin Pepe (PEPE) is also enjoying bullish momentum following a downtrend breakout.

Last just under $0.000008, PEPE is up 7% in the past 24 hours, as per CoinMarketCap.

Like Bonk, it’s eyeing a potential return to its recent record highs, which are near $0.000011 for Pepe.

Pepe has a lot of upside potential as the leading non-Shiba Inu-dog-themed meme coin in the market.

Its market cap of around $3.3 billion suggests the scope for 5x gains in this bull market.

That makes Pepe potentially the best crypto to buy now.

Crypto Alternatives to Consider

All of the above coins offer potential investors a great chance to make 10x gains.

But, for those looking for a better probability of near-term gains, an alternative high-risk, high-reward investment strategy to consider is getting involved in crypto presales.

This is where investors buy the tokens of upstart crypto projects to help fund their development.

These tokens are nearly always sold cheaply, and there is a long history of presales delivering huge exponential gains to early investors.

Many of these projects have fantastic teams behind them and a great vision to deliver a one-of-a-kind crypto application/platform.

The team at Cryptonews.com spends a lot of time searching through presale projects to help out investors.

Here is a list of what the team deems to be the best crypto presales of 2024.

See the 22 Cryptocurrencies

The post Best Crypto to Buy Now April 25 – Wormhole, Bonk, Pepe appeared first on Cryptonews.